PT SINAR MAS MULTIARTHA Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements
December 31, 2012 and 2011 and January 1, 2011December 31, 2010 and For the Years then Ended December 31, 2012 and 2011
Figures are Presented in Millions of Rupiah, unless Otherwise Stated
- 136 - The above transition adjustments were derived from the reassessment of impairment losses for
financial assets, which represents the difference between impairment loss reserve calculated based on PSAK No. 55 Revised 2006 and allowance for impairment losses booked as of
January 1, 2010, including allowance for impairment losses calculated using the Bank Indonesia Regulation concerning allowance of productive assets by BS, a subsidiary. The transition
adjustments were adjusted to retained earnings on January 1, 2010. PSAK No. 22 Revised 2010
The Group prospectively adopted PSAK No. 22 Revised 2010, “Business Combinations”, applicable for business combinations that occur on or after the beginning of a financial
yearperiod commencing on or after January 1, 2011. the balance of negative goodwill which is recognized before January 1, 2011 amounting to Rp 129,806 was adjusted to retained earnings
as of the beginning of the fiscal year, January 1, 2011 Note 33.
64. Supplemental Disclosures for Statements of Cash Flows
The following are the noncash activities of the Company which do not have an impact on the consolidated statements of cashflows:
December 31, December 31,
2012 2011
Reclassification from other assets - advance for investments to investment in shares
- 1,500
Write-off of consumer financing receivables 32,669
35,671 Write-off of factoring receivables
5,718 95
Write-off of loans 2,444
626
65. Information on New Regulations
New Bapepam-LK Regulation Bapepam-LK issued Regulation No. IX.L.1, which is included in Appendix of the Decree of the
Chairman of Bapepam-LK No. Kep-718BL2012 dated December 28, 2012 regarding “Quasi- Reorganization”, and contains the administration of an entity’s quasi reorganization. The new
regulation will be applicable effective January 1, 2013. The Decree of the Chairman of Bapepam No. KEP-16PM2004 dated April 13, 2004 regarding “The Administration of Quasi-
Reorganization” shall be cancelled upon the effectivity of the new regulation. The application of the new Regulation does not have any effect on the Group’s consolidated
financial statements.
Prospective Accounting Pronouncements The Indonesian Institute of Accountants has issued the following revised Statement of Financial
Accounting Standards PSAK. These standards will be applicable to financial statements with annual period beginning on or after January 1, 2013 as follows:
PSAK
PSAK No. 38 Revised 2011, Business Combination Entities Under Common Control
PT SINAR MAS MULTIARTHA Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements
December 31, 2012 and 2011 and January 1, 2011December 31, 2010 and For the Years then Ended December 31, 2012 and 2011
Figures are Presented in Millions of Rupiah, unless Otherwise Stated
- 137 - PPSAK
PPSAK No. 10, Withdrawal of PSAK No. 51: Accounting for Quasi-Reorganization The Group believes that there is no significant impact of the revised PSAK on the consolidated
financial statements.
PT SINAR MAS MULTIARTHA Tbk Consolidating Supplementary Information
Statements of Financial Position - The Company December 31, 2012 and 2011
Figures are Presented in Millions of Rupiah, unless Otherwise Stated
2012 2011
ASSETS Cash and Cash Equivalents
Related parties 98
17,347 Third party
304 783
Total 402
18,130
Short-term Investments 178,949
437,573
Other Account Receivables Related parties
20,954 2,554
Third parties 602
1,095 Total
21,556 3,649
Long-term Investment 2,204,197
1,817,761
Property and Equipment Cost
1,666 238
Accumulated depreciation 459
216 Net
1,207 22
Property under Build, Operate and Transfer Agreement Cost
86,362 79,223
Accumulated depreciation 19,242
11,760 Net
67,120 67,463
Deferred Tax Assets 1,151
1,108
Other Assets Related parties
6,222 81,676
Third parties 22,198
4,973 Total
28,420 86,649
TOTAL ASSETS 2,503,002
2,432,355
Investment in shares of subsidiaries and associated are stated at acquisition cost
- I.1 -
