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
12
1. GENERAL CONTINUED
d. Structure of the Company’s Subsidiaries
As of June 30, 2017 and December 31, 2016, The Company had direct and indirect ownership in the following Subsidiaries:
Name of Subsidiaries
Domicile Principal Activity
Start of Operations
Percentage of Ownership Total Assets Before Elimination
June 30,2017
December 31, 2016
June 30,2017
December 31,2016
Direct Subsidiaries
PT Bahagia Makmursejati BHMS Jakarta
Property Development
2003 99.99
99.99 18,426,537
18,189,267 PT Serpong Cipta Kreasi SPCK
Tangerang Property
Development 2004
100.00 100.00
5,809,457,307 5,953,177,002
PT Anugerah Damai Abadi AGDA Tangerang
Retail Food and
Beverages 2007
100.00 100.00
6,081,883 6,650,766
PT Gading Orchard GDOR Jakarta
Property Development
2008 100.00
100.00 49,051,389
47,224,825 PT Summarecon Property
Development SMPD Jakarta
Property Development
2012 100.00
100.00 6,055,681,755
5,547,460,807 PT Summarecon Investment
Property SMIP Jakarta
Investment Property
2012 100.00
100.00 4,353,474,584
4,335,387,516 PT Multi Abadi Prima MTAP
Jakarta Gas Station
2013 100.00
100.00 12,437,106
26,378,370 PT Bhakti Karya Sejahtera BTKS Jakarta
Education 2013
100.00 100.00
87,745,555 88,020,097
PT Citra Damai Agung CTDA Jakarta
Property Development
2014 100.00
100.00 39,746,280
39,400,479 PT Bhakti Karya Bangsa BTKB
Jakarta Education
2016 80.00
80.00 15,658,788
7,303,636 PT Sagraha Mitraloka Elok
SGME Jakarta
Trading 2017
100.00 100.00
8,232,708 478,484
PT Java Investama Properti JVIP Jakarta
Investment Property
- 100.00
100.00 15,095,285
15,101,611 PT Setia Mitra Intifajar SMIF
Jakarta Property
Development -
100.00 -
2,500,000 -
Indirect Subsidiaries through SMPD
PT Eskage Tatanan Kota EKTK Jakarta
Town Management 2009
100.00 100.00
5,496,450 6,584,078
PT Bekasi Tatanan Kota BKTK Bekasi
Town Management 2012
100.00 100.00
13,704,124 11,417,766
PT Mahkota Permata Perdana MKPP
Bandung Property
Development 2015
100.00 100.00
2,493,406,591 2,226,319,004
PT Maju Lestari Properti MJLP Jakarta
Property Development
- 100.00
100.00 37,235,122
36,957,460 PT Inovasi Jaya Properti IVJP
Jakarta Property
Development -
100.00 100.00
1,029,669,270 1,032,653,348
PT Mahkota
Intan Cemerlang
MKIC Jakarta
Property Development
- 100.00
100.00 409,476,857
410,910,470 PT Banyumas Eka Mandiri BYEM
Jakarta Property
Development -
100.00 100.00
280,922,438 280,028,472
PT Aruna Cahaya Abadi ARCA Jakarta
Property Development
- 100.00
100.00 71,522,460
71,117,621 PT Selaras Maju Mandiri SLMM
Jakarta Property
Development
- 100.00
100.00 901,957,722
856,340,671 PT Orient City ORCT
Jakarta Property
Development -
100.00 100.00
927,625 2,782,553
PT Bumi Perintis Asri BMPA Tangerang
Property Development
- 100.00
100.00 61,902,138
62,511,730
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
13
1. GENERAL CONTINUED