PT SUMMARECON AGUNG Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS OF JUNE 30, 2013 AND DECEMBER 31, 2012, 2011 AND 2010 AND FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2013 AND 2012 UNAUDITED
AND YEARS ENDED DECEMBER 31, 2012, 2011 AND 2010 Expressed in thousands of rupiah, unless otherwise stated
87
21. TAXATION continued
Six-Month Periods Ended June 30,
Years Ended December 31, 2012
2013 unaudited
2012 2011
2010
Permanent differences Other income already
subjected to final tax: Rent revenue
60,764 62,125
125,661 121,972
119,685 Interest income
12,526 11,922
24,398 27,933
22,680 Other income
2,841,289 171,273
7,284,385 8,231,811
12,011,536 Non-deductible expenses
32,044 9,283
8,733 4,564
26,639 Temporary differences
Provision for employee benefits
331,076 427,874
855,748 404,085
315,382 Depreciation
108,456 207,661
857,366 432,586
208,498
Estimated taxable income of the Company
590,582 1,385,685
9,651,855 8,361,654
12,204,005
As of the date of the completion of the consolidated financial statements, the Company has not yet submitted its June 2013 corporate income tax return to the Tax Office. The Company’s
management declares that the June 2013 corporate income tax will be reported based on the computation above.
The amount of estimated taxable income for the year ended December 31, 2012 is lower by Rp1,770,817 than the amount reported in the Company’s and BMS 2012 annual income tax
returns submitted to the Tax Office.
The amounts of the estimated taxable income for the years ended December 31, 2011 and 2010 conform with the amounts reported in the Company’s 2011 and 2010 annual income tax returns
submitted to the Tax Office.
d. Current and deferred income taxes for the six-month periods ended June 30, 2013 and 2012 and years ended December 31, 2012, 2011 and 2010 consist of:
Six-Month Periods Ended June 30,
Years Ended December 31, 2012
2013 unaudited
2012 2011
2010
Current income tax expense Company
Final 50,789,677
45,347,451 94,879,977
56,519,630 50,253,959
Non-final 147,645
346,421 2,412,964
2,090,414 3,051,000
Subsidiaries Final
54,724,704 40,883,007
101,015,289 87,258,711
55,995,361 Non-final
235,099 -
387,347 287,702
455,570 Total current income
tax expense 105,601,835
86,576,879 198,695,577
146,156,457 109,755,890
Deferred income tax benefit expense
Company Provision for employee
benefits 82,769
106,969 213,937
101,021 78,846
Depreciation 27,114
51,915 214,342
53,537 51,342
Adjustment 3,646
79,968 644
- -
113,529 24,914
1,049 47,484
27,504
PT SUMMARECON AGUNG Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS OF JUNE 30, 2013 AND DECEMBER 31, 2012, 2011 AND 2010 AND FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2013 AND 2012 UNAUDITED
AND YEARS ENDED DECEMBER 31, 2012, 2011 AND 2010 Expressed in thousands of rupiah, unless otherwise stated
88
21. TAXATION continued
Six-Month Periods Ended June 30,
Years Ended December 31, 2012
2013 unaudited
2012 2011
2010
Subsidiaries Tax loss
1,123,316 1,100,877
5,977,590 4,919,094
576,702 Depreciation
884,040 802,884
1,589,702 1,019,208
422,804 239,276
297,993 4,387,888
3,899,886 153,898
Deferred income tax benefit - net
125,747 273,079
4,386,839 3,947,370
181,402
Income tax expense 105,476,088
86,303,800 194,308,738
142,209,087 109,574,488
As shown above, the non-final income tax expense has no significant impact to the total income tax expense of the Company and Subsidiaries.
e. The computation of the Company’s and Subsidiaries’ income tax payable for the six-month periods ended June 30, 2013 and 2012 and years ended December 31, 2012, 2011 and 2010
are as follows:
Six-Month Periods Ended June 30,
Years Ended December 31, 2012
2013 unaudited
2012 2011
2010
Current income tax benefit expense - non-final
Company 147,645
346,421 2,412,964
2,090,414 3,051,001
Subsidiaries 235,099
- 387,347
287,702 455,570
Total current income tax expense -non-final
87,454 346,421
2,800,311 2,378,116
3,506,571 Prepayments of income tax
Company Article 22
17,328 -
268,960 425,868
409,360 Article 23
11,722 -
34,161 44,296
1,516,165 Total prepayments of income
tax - Company 29,050
- 303,121
470,164 1,925,525
Subsidiaries Article 22
- -
70,925 16,080
6,945 Article 25
153,844 -
241,913 114,587
176,206 Total prepayments of income
tax - Subsidiaries 153,844
- 312,838
130,667 183,151
Estimated income tax payable Company
- 346,421
2,109,843 1,620,250
1,125,476 Subsidiaries
81,255 -
74,509 157,035
272,419
Total estimated income tax payable
81,255 346,421
2,184,352 1,777,285
1,397,895
In 2013, the Company made payment of income tax payable for fiscal year 2012 amounting to Rp608,596, which is different with the calculated amount shown above. The difference of
Rp1,501,247 was credited to current profit and loss in 2013.
