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
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1. GENERAL continued
e. Changes in Capital Structure of the Subsidiaries continued PT Summarecon Bali Indah SBI
In 2010, SBI was established with capital stock of Rp100,000, of which Rp25,000 was subscribed and fully paid by the stockholders. The Company acquired 24,999 shares for Rp24,999, with
nominal amount of Rp1,000 full amount per share, representing 99.99600 ownership. The establishment of SBI was notarized under notarial deed No. 12 dated March 2, 2010 of Dewi
Himijati Tandika, S.H., and was submitted to and acknowledged by the MLHR in its Decision Letter No. AHU-20432.AH.01.01.Year 2010 dated April 22, 2010.
In December 2010, SBI increased its authorized capital stock from Rp100,000 to become Rp900,000 and increased its issued and fully paid capital stock from Rp25,000 to become
Rp231,000 with nominal amount of Rp1,000 full amount per share. The increase in capital stock was notarized under deed No. 67 dated December 16, 2010 of Dewi Himijati Tandika, S.H., which
was submitted to and acknowledged by the MLHR in its Decision Letter No. AHU- 06583.AH.01.02.Year 2011 dated February 9, 2011.
In March 2011, SBI increased its authorized capital stock from Rp900,000 to become Rp15,300,000 and increased its issued and fully paid capital stock from Rp231,000 to become
Rp3,831,000 with nominal amount of Rp1,000 full amount per share. The increase in capital stock was notarized under deed No. 3 dated March 1, 2011 of Dewi Himijati Tandika, S.H., which
was submitted to and acknowledged by the MLHR in its Decision Letter No. AHU- 20344.AH.01.02.Year 2011 dated April 21, 2011.
In November 2012, SBI increased its authorized capital stock from Rp15,300,000 to become Rp250,000,000 and increased its issued and fully paid capital stock from Rp3,831,000 to become
Rp73,831,000 with nominal amount of Rp1,000 full amount per share. The increase in capital stock was notarized under deed No. 87 dated November 19, 2012 of Dewi Himijati Tandika, S.H.,
which was submitted to and acknowledged by the MLHR in its Decision Letter No. AHU- 02804.AH.01.02.Year 2013 dated January 28, 2013.
PT Bali Indah Property BIP
In 2010, BIP was established with capital stock of Rp100,000, of which Rp25,000 was subscribed and fully paid by the stockholders. SBI acquired 24,999 shares for Rp24,999, with nominal amount
of Rp1,000 full amount per share, representing 99.99600 ownership. The establishment of BIP was notarized under notarial deed No. 7 dated May 4, 2010 of Dewi Himijati Tandika, S.H., and
was submitted to and acknowledged by the MLHR in its Decision Letter No. AHU- 47724.AH.01.01.Year 2010 dated October 11, 2010.
In March 2011, BIP increased its authorized capital stock from Rp100,000 to become Rp14,500,000 and increased its issued and fully paid capital stock from Rp25,000 to become
Rp3,625,000 with nominal amount of Rp1,000 full amount per share. The increase in capital stock was notarized under deed No. 2 dated March 1, 2011 of Dewi Himijati Tandika, S.H., which
was submitted to and acknowledged by the MLHR in its Decision Letter No. AHU- 20575.AH.01.02.Year 2011 dated April 25, 2011.
