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
- 88 -
17. Investment in Shares of Stock
As of December 31, 2012 and 2011 and January 1, 2011December 31, 2010, investment in shares with percentage of ownership of below 20 and investment in share with buyback option
by previous shareholder as of January 1, 2011December 31, 2010 are categorized as available for sale AFS financial assets and in the absence of basis of fair value are stated at acquisition
cost.
As restated - Note 62
January 1, 2011 December 31,
December 31, December 31,
2012 2011
2010 The Companys investment in shares of stock
Equity method 264,455
229,751 204,575
AFS - acquisition cost 177,578
177,578 177,578
Total 442,033
407,329 382,153
Subsidiaries investments in shares of stock Equity method
177,272 184,675
17,088 AFS - acquisition cost
66,654 66,653
159,604 Total
243,926 251,328
176,692 Total
685,959 658,657
558,845
a. The Company’s Investments in Shares of Stock
Gain loss on change
Equity in in ownership
Percentage January 1,
Additional net income
interest in Deduction from
December 31, of ownership
2012 Reclassification investment
loss subsidiaries
investment 2012
Equity Method Associates
PT Asuransi Jiwa Mega Life 50.00
202,185 -
- 34,087
- -
236,272 PT Panji Ratu Jakarta
21.02 17,453
- -
275 -
- 17,728
PT Super Wahana Tehno 35.19
9,862 -
- 593
- -
10,455 PT JobStreet Indonesia
40.00 251
- -
251 -
- -
Total 229,751
- -
34,704 -
- 264,455
AFS - acquisition cost
PT Oto Multiartha 16.14
176,309 -
- -
- -
176,309 PT Summit Oto Finance
0.16 1,269
- -
- -
- 1,269
Total 177,578
- -
- -
- 177,578
Changes during 2012
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
- 89 -
Gain on change
Equity in in ownership
Percentage January 1,
Additional net income
interest in Deduction from
December 31, of ownership
2011 Reclassification investment
loss subsidiaries
investment 2011
Equity Method Associates
PT Asuransi Jiwa Mega Life 50.00
177,025 -
- 25,160
- -
202,185 PT Panji Ratu Jakarta
21.02 17,372
- -
81 -
- 17,453
PT Super Wahana Tehno 35.19
9,481 -
- 381
- -
9,862 PT JobStreet Indonesia
40.00 697
- -
446 -
- 251
Total 204,575
- -
25,176 -
- 229,751
AFS - acquisition cost
PT Oto Multiartha 16.14
176,309 -
- -
- -
176,309 PT Summit Oto Finance
0.16 1,269
- -
- -
- 1,269
Total 177,578
- -
- -
- 177,578
Changes during 2011
Changes during 2010 Gain
on change Equity in
in ownership January 1, 201
Percentage January 1,
Additional net income
interest in Deduction from
December 31, of ownership
2010 Reclassification
investment loss
subsidiaries investment
2010
Equity Method Associates
PT Asuransi Jiwa Mega Life 50.00
150,634 -
- 26,391
- -
177,025 PT Panji Ratu Jakarta
21.02 -
18,028 -
34 622
- 17,372
PT Super Wahana Tehno 35.19
9,604 -
- 123
- -
9,481 PT JobStreet Indonesia
40.00 -
- -
697 -
- 697
PT Certis CISCO 49.00
7,181 -
19,600 1,457
- 28,238
- Total
167,419 18,028
19,600 28,388
622 28,238
204,575
Cost Method
PT Oto Multiartha 16.14
176,309 -
- -
- -
176,309 PT Summit Oto Finance
0.16 1,269
- -
- -
- 1,269
Total 177,578
- -
- -
- 177,578
Equity Method PT Asuransi Jiwa Mega Life AJML
AJML, domiciled in Jakarta, engaged in life insurance. PT Panji Ratu Jakarta PRJ
PRJ, domiciled in Jakarta, engaged in development, trading and service. PT Super Wahana Tehno SWT
SWT, domiciled in Jakarta, engaged in trading and manufacturing packed drinking water. Jobstreet Indonesia JI
JI, domiciled in Jakarta, engaged in employee recruitment services by internet and human recources management.
