PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of June 30, 2016 unaudited and December 31, 2015 audited and For the period of six months ended June 30, 2016 and 2015 unaudited
Expressed in thousands of Indonesian Rupiah, unless otherwise stated
61
14. SHORT-TERM BANK LOANS AND LONG-TERM DEBTS CONTINUED PT BCA Finance
The loans from PT BCA Finance represent drawdowns from various consumer financing credit facilities obtained by the Group, which were used to finance the acquisitions of vehicles. The loans are payable in monthly installments at
different dates, the latest up to January 4, 2019 and are collateralized by the vehicles purchased Note 11. The outstanding loans balance as of June 30, 2016 amounted to Rp8,286,634 2015: Rp9,472,963. In 2016, the Group has
made principal payments totaling Rp4,291,369. For the six-month periods ended June 30, 2016, the loans bore interest at annual rates ranging from 7,07 to 17,25.
There are no covenants imposed by PT BCA Finance in relation to these loans.
As of June 30, 2016 and December 31, 2015, each of the debtors the Company and certain Subsidiaries are in compliance with all the debt covenants related to the above short-term bank loans and long-term debts.
15. BONDS PAYABLE AND SUKUK IJARAH
The details of bonds issued are as follows:
June 30, 2016 December 31, 2015
Face Value
Obligasi Berkelanjutan I Tahap I 450,000,000
450,000,000 Obligasi Berkelanjutan I Tahap II 800,000,000
800,000,000 Obligasi Berkelanjutan I Tahap III 150,000,000
150,000,000 Obligasi Berkelanjutan II Tahap I
500,000,000 500,000,000
Sukuk Ijarah Berkelanjutan I Tahap I 150,000,000
150,000,000 Sukuk Ijarah Berkelanjutan I Tahap II
300,000,000 300,000,000
Sukuk Ijarah Berkelanjutan I Tahap III 150,000,000
150,000,000
Total face
value 2,500,000,000
2,500,000,000
Less deferred issuance costs net of current amortization of Rp2,734,166 as of June 30, 2016 and Rp3,789,674
as of December 31, 2015 20,892,900
23,627,066
Neto 2,479,107,100
2,476,372,934
Less current maturities -
- Long-term
portion 2,479,107,100
2,476,372,934
The details of the above deferred issuance costs and the related accumulated amortization are as follows:
June 30, 2016 December 31, 2015
Obligasi Berkelanjutan I Tahap I 7,336,106
7,336,106 Obligasi Berkelanjutan I Tahap II
6,160,646 6,160,646
Obligasi Berkelanjutan I Tahap III 1,124,325
1,124,325 Obligasi Berkelanjutan II Tahap I
8,919,096 8,919,096
Sukuk Ijarah Berkelanjutan I Tahap I 2,504,429
2,504,429 Sukuk Ijarah Berkelanjutan I Tahap II
2,325,993 2,325,993
Sukuk Ijarah Berkelanjutan I Tahap III 1,124,325
1,124,325
PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of June 30, 2016 unaudited and December 31, 2015 audited and For the period of six months ended June 30, 2016 and 2015 unaudited
Expressed in thousands of Indonesian Rupiah, unless otherwise stated
62
15. BONDS PAYABLE AND SUKUK IJARAH CONTINUED
