GENERAL continued Changes in Capital Structure of the Subsidiaries continued
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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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued t. Foreign currency transactions and balances
The Company and Subsidiaries have adopted PSAK No. 10 Revised 2010, “The Effects of Changes in Foreign Exchange Rates”.
Transactions involving foreign currencies are recorded at the rates of exchange prevailing at the time the transactions are made. At the end of the reporting period, monetary assets and liabilities
denominated in foreign currencies are adjusted to reflect the average of the selling and buying rates of exchange prevailing at the last banking transaction date of the year, as published by Bank
Indonesia, and the resulting gains or losses are credited or charged to current operations.
As of June 30, 2013 and December 31, 2012, 2011 and 2010, the rates of exchange used were as follows:
December 31, June 30, 2013
2012 2011
2010 Full amounts
Full amounts Full amounts
Full amounts
1 European euro Euro 12,977
12,810 11,739
11,956 1 United States dollar US
9,929 9,670
9,068 8,991
1 Singapore dollar Sin 7,841
7,907 6,974
6,981
Transactions in other foreign currencies are considered not significant.