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
91
21. TAXATION continued
h. Others continued On April 27, 2010, the Tax Office issued Surat Ketetapan Pajak Lebih Bayar
No.000464060841510 to SCK in relation to its 2008 corporate income tax, which reduced the claim for tax refund from Rp7,712,443 to become Rp4,879,131 net of additional assessment for
tax penalty and interest of Rp631,383. The disapproved portion of Rp2,958,137 was charged to the 2010 operations Note 32.
On April 23, 2013, LMD indirect subsidiary received the tax assessment result for its 2011 corporate income tax. Based on the tax overpayment assessment letter No. 000234061141513,
the Tax Office has approved LMD’s estimated claim for refund amounting to Rp275,047. The refund was applied against LMD’s value added tax for various months in 2011 based on Surat
Perintah Membayar Kelebihan Pajak SPMKP No. 415-0057-2013 dated May 7, 2013 and Keputusan Direktur Jenderal Pajak No. KEP-00032.PPHWPJ.08KP.07032013 dated May 7,
2013 amounting to Rp177,131. The remaining balance amounting to Rp97,916 is recorded as part of “Other Receivables” in the consolidated statements of financial position.
22. EMPLOYEE BENEFITS LIABILITIES
The Company and Subsidiaries provide benefits to their qualified employees based on the provisions of Labor Law No. 132003 dated March 25, 2003. The benefits are unfunded.
The amounts recognized as employee benefits liability in the consolidated statements of financial position as of June 30, 2013 and December 31, 2012, 2011 and 2010 and as employee benefits
expense in the consolidated statements of comprehensive income for the six-month period and years then ended were determined by PT Dian Artha Tama, an independent actuary, in its reports dated as
follows:
December 31, June 30, 2013
2012 2011
2010
The Company July 30, 2013
February 14, 2013 January 20, 2012
March 9, 2011 PT Lestari Mahadibya LMD
July 30, 2013 February 11, 2013
January 20, 2012 February 16, 2011
PT Serpong Cipta Kreasi SCK July 30, 2013
February 7, 2013 January 20, 2012
March 11, 2011
The assumptions used are as follows: Discount rate per annum
: 7, 5, 7 and 8 for the six-month period ended June 30, 2013 and years ended December 31, 2012, 2011 and 2010,
respectively Annual salary increase
: 8 each for the six-month period ended June 30, 2013 and years ended December 31, 2012, 2011 and 2010
Mortality table : Commissioners Standard Ordinary CSO - 1980
Retirement age : 55 years old
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
92
22. EMPLOYEE BENEFITS LIABILITIES continued
a. Short-term employee benefits liabilities
December 31, June 30, 2013
2012 2011
2010
Post-employment benefits 3,854,690
4,515,685 1,819,660
2,341,892 Salaries and other allowances
- 345,812
177,953 375,138
Total short-term employee benefits liabilities
3,854,690 4,861,497
1,997,613 2,717,030
b. Long-term employee benefits liabilities
December 31, June 30, 2013
2012 2011
2010
Post-employment benefits 87,870,365
75,018,589 55,580,894
38,968,269
c. Net employee benefits expense
Six-Month Periods Ended June 30,
Years Ended December 31, 2012
2013 unaudited
2012 2011
2010
Current service cost 6,047,838 6,934,690
13,869,380 9,415,056
5,786,413 Interest cost
3,202,546 2,243,641 4,487,283
4,286,853 3,441,266
Amortization of actuarial loss 1,116,082 46,803
93,605 418,490
435,403 Past service cost
3,481,434 3,481,434 6,962,868
6,962,868 101,521
Net employee benefits expense
13,847,900 12,706,568 25,413,136
21,083,267 8,893,797
d. Employee benefits liabilities
Six-Month Period Ended June 30,
Years Ended December 31, 2013
2012 2011
2010
Present value of employee benefit obligation 117,370,178
131,340,705 89,745,652
61,240,755 Unrecognized actuarial gain
16,013,560 38,777,647
12,514,863 13,894,743
Fair value of assets 5,512,411
5,428,197 5,266,781
5,093,572 Unrecognized past service cost
4,119,152 7,600,587
14,563,454 942,279
Employee benefits liabilities 91,725,055
79,534,274 57,400,554
41,310,161
e. The movements in the present value of the employee benefits liabilities are as follows:
Six-Month Period Ended June 30,
Years Ended December 31, 2013
2012 2011
2010
Balance at beginning of periodyear 131,340,705
89,745,652 61,240,755
43,015,828 Interest cost
3,202,546 4,487,283
4,286,853 3,441,266
Current service cost 6,047,838
13,869,380 9,415,056
5,786,413 Additional past service
- -
20,584,043 -
Benefit payments 1,657,120
3,279,415 4,992,874
2,483,112 Actuarial gain loss on
benefits obligation 21,563,791
26,517,805 788,181
11,480,360
Balance at the end of periodyear 117,370,178
131,340,705 89,745,652
61,240,755
