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
- 113 - The changes in additional paid-in capital account from January 1, 2010 up to December 31,
2012 are as follows:
Total Balance as of January 1, 2010
787,598 Additional paid-in capital from the conversion of Series III warrants Note 41
529 Additional paid-in capital from the conversion of Series IV warrants Note 41
16,773 Balance as of December 31, 2010
804,900 Additional paid-in capital from the conversion of Series IV warrants Note 41
3,497 Balance as of December 31, 2011
808,397 Additional paid-in capital from the conversion of Series IV warrants Note 41
1,358 Balance as of December 31, 2012
809,755
37. Other Equity Components
This account represents changes in value of investments of the Company due to changes in equity of the subsidiaries and associated companies which resulted from the change in
the Company’s ownership interest in AJSM. BS, PT Panji Ratu Jakarta and PT Super Wahana Tehno, unrealized loss on decrease in value of securities of ASM, AJSM and BS and changes in
fair values of derivative instruments of PT Oto Multiartha.
January 1, 2011 December 31,
December 31, December 31,
2012 2011
2010 Unrealized gain loss on changes in fair value of
available for sale securities of subsidiaries Note 5 7,218
29,237 93,723
Share in translation adjustment of a subsidiary 353
41 -
Effects of transactions of subsidiary and associated company with other investors
2,866,497 2,868,812
36,809 Changes in fair values of derivative instruments and others
9,099 9,099
9,099 Total
2,864,969 2,830,517
121,433
38. Difference in Value Arising from Restructuring Transactions Among Entities Under Common Control
In December 2006, the Company increased its investment in AJSM amounting to Rp 15,000. The increase in investment resulted to an increase in ownership interest of the Company in AJSM
from 50.00 to 73.08, since the other stockholders, namely: PT Sinarindo Gerbangmas SG and PT Sinar Mas Tunggal SMT both are companies owned by Sinar Mas Group did not
increase their investments. Difference between the transfer price and book value of restructuring transactions among entities under common control amounting to Rp 46,028 was recorded in the
account “Difference in Value Arising from Restucturing Transactions Among Entities Under Common Control” as part of equity in the consolidated financial statements.
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
- 114 - In December 2007, the Company increased its investment in AJSM amounting to Rp 20,000. The
increase in investment resulted to an increase in ownership interest of the Company in AJS from 73.08 to 83.33, since SG and SMT did not increase their investments. Difference between
the transfer price and book value of restructuring transactions among entities under common control amounting to Rp 47,475 was recorded in the account “Difference in Value Arising from
Restucturing Transactions Among Entities Under Common Control” as part of equity in the consolidated financial statements.
In 2012, 2011, 2010, 2009 and 2008, the Company increased its investment in JTUM amounting to Rp 25,000, Rp 25,000, Rp 15,000, Rp 20,000 and Rp 8,000, respectively. The increase in
investment resulted to an increase in ownership interest of the Company in JTUM to 99.93 in 2011, 99.90 in 2010, 99.86 in 2009, 99.67 in 2008, since the other stockholders,
PT Kalibesar Raya Utama, a company owned by Sinar Mas Group, did not increase its investment. Difference between the transfer price and book value of restructuring transactions
among entities under common control amounting to Rp 1, Rp 1, Rp 7 and Rp 10, respectively, were recorded in “Difference in Value Arising from Restucturing Transactions
Among Entities Under Common Control” as part of equity in the consolidated financial statements.
The balance of this account as of December 31, 2011 and 2010, amounted to Rp 93,484 and Rp 93,485, respectively.
39. Cash Dividends
Based on the Annual General Stockholders’ Meeting dated June 15, 2012, the shareholder approved the distribution of cash dividend for 2011 amounting to Rp 6,236 or
Rp 1 in Rupiah full amount per Series A and Series B Share.
Based on the Annual General Stockholders’ Meeting dated June 24, 2011, the shareholder approved the distribution of cash dividend for 2010 amounting to Rp 6,224 or Rp 1 in Rupiah full
amount per Series A and Series B share.
40. General
Reserve
Based on the Annual General Stockholders’ Meeting dated June 15, 2012, the Company provided general reserve based on the total issued and paid up capital amounting to
Rp 264,276. Based on the Annual General Stockholders’ Meeting dated June 24, 2011, the Company
provided general reserve based on the total issued and paid up capital amounting to Rp 264,101.
Based on the Annual General Stockholders’ Meeting dated June 4, 2010, the Company provided general reserve based on the total issued and paid up capital amounting to
Rp 263,230.
