PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of June 30, 2017 and for the Six-Month Periods Then Ended Expressed in thousands of Indonesian Rupiah, unless otherwise stated
42
10. INVESTMENT PROPERTIES
The details of investment properties are as follows:
June 30, 2017 Balance as of
Balance as of January 1,
2017 Additions
Deductions Reclass
June 30, 2017
Mutation 2017 Cost
Land 886,540,037
24,706,698 -
- 911,246,735
Building and infrastructures 3,687,517,126
11,049,847 -
10,202,926 3,708,769,899
Machinery and heavy equipment 684,451,554
7,535,871 -
1,082,093 693,069,518
Hotel facilities 227,774,245
33,131 -
- 227,807,376
Sub-total 5,486,282,962
43,325,547 -
11,285,019 5,540,893,528
Construction in progress 52,917,061
81,779,820 -
10,381,331 124,315,550
Total cost 5,539,200,023
125,105,367 -
903,688 5,665,209,078
Accumulated depreciation
Building and infrastructures 662,724,831
58,577,324 -
- 721,302,155
Machinery and heavy equipment 313,801,699
32,413,962 -
- 346,215,661
Hotel facilities 75,979,795
8,959,625 -
- 84,939,420
Total accumulated depreciation 1,052,506,325
99,950,911 -
- 1,152,457,236
Net book value 4,486,693,698
4,512,751,842 December 31, 2016
Balance as of Balance as of
January 1, 2016
Additions Deductions
Reclass December 31,
2016 Mutation 2016
Cost
Land 863,395,551
23,019,486 -
125,000 886,540,037
Building and infrastructures 3,330,952,646
54,316,727 1,561,334
303,809,087 3,687,517,126
Machinery and heavy equipment 540,119,435
9,941,702 159,260
134,549,677 684,451,554
Hotel facilities 111,362,678
102,553 -
116,309,014 227,774,245
Furniture and office equipment 11,262,696
- -
11,262,696 -
Sub-total 4,857,093,006
87,380,468 1,720,594
543,530,082 5,486,282,962
Construction in progress 336,649,545
307,099,252 -
590,831,736 52,917,061
Total cost 5,193,742,551
394,479,720 1,720,594
47,301,654 5,539,200,023
PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of June 30, 2017 and for the Six-Month Periods Then Ended Expressed in thousands of Indonesian Rupiah, unless otherwise stated
43
10. INVESTMENT PROPERTIES CONTINUED
December 31, 2016 Balance as of
Balance as of January 1,
2016 Additions
Deductions Reclass
December 31, 2016
Accumulated depreciation
Building and infrastructures 559,917,123
101,688,028 -
1,119,680 662,724,831
Machinery and heavy equipment 261,229,054
52,731,905 159,260
- 313,801,699
Hotel facilities 57,161,032
18,814,515 -
4,248 75,979,795
Furniture and office equipment 3,683,536
- -
3,683,536 -
Total accumulated depreciation 881,990,745
173,234,448 159,260
2,559,608 1,052,506,325
Net book value 4,311,751,806
4,486,693,698
Depreciation was charged to the following:
June 30, 2017 June 30, 2016
Cost of sales and direct costs 98,383,656
85,811,748 General and administrative expenses Note 28
1,567,255 1,203,247
Total 99,950,911
87,014,995
The details of sales of investment properties are as follows:
June 30, 2017 June 30, 2016
Cost -
73,397 Accumulated depreciation
- 73,397
Net book value -
- Selling price
- 63,636
Gain on sales of investment properties - net -
63,636
As of June 30, 2017, the Company disposed certain of its investment properties with net book value of RpNil 2016: Rp1,561,334.
As of June 30, 2017 and December 31, 2016, the reclassifications from construction in progress to the appropriate completed investment properties amounting to Rp10,165,794 and Rp590,145,300, respectively.
As of June 30, 2017 and December 31, 2016, the reclassification of investment properties with net book value amounting to Rp1,119,225 dan Rp97,706, respectively, from fixed assets was due to the change in management’s intention on the
use of the related assets Note 9.
As of June 30, 2017 and December 31, 2016, the reclassifications of investment properties with net book value amounting to Rp172,000 dan Rp49,121,751, respectively, to fixed assets was due to the change in management’s
intention on the use of the related assets Note 9.
As of June 30, 2017 and December 31, 2016, the reclassifications of investment properties with net book value amounting to RpNil and Rp7,433,820, respectively, from inventories was due to the change in management’s intention on
the use of the related assets Note 6.
PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of June 30, 2017 and for the Six-Month Periods Then Ended Expressed in thousands of Indonesian Rupiah, unless otherwise stated
44
10. INVESTMENT PROPERTIES CONTINUED
