PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2011 AND DECEMBER 31, 2010 AND CONSOLIDATED COMPREHENSIF STATEMENTS OF INCOME FOR THE SIX MONTHS
PERIOD ENDED JUNE 30, 2011 AND 2010 Continued
- 36 - Loans facilities from BJJ are secured by the vehicles financed by BJJ.
PT Bank National Nobu Nobu On March 25, 2011, the Company obtained a loan facility from Nobu amounting to Rp. 5,808,000
thousand to finance the acquisition of vehicle. The facility has a term of three 3 years and will be due on February 25, 2014. The monthly installment of principal and interest totaling to Rp 185,535
thousand. The outstanding loan as of June 30, 2011 is amounted to Rp 5,201,189 thousand. Loans facilities from Nobu are secured by the vehicles financed by Nobu.
All the bank loans except for BJJ and Nobu, obtained by the Company and its subsidiary, contain covenants which among others, restrict the Company to obtain or grant loans, act as guarantor,
change the nature and activities of its business and conduct liquidation, merger, consolidation or reorganization. The agreements also provide various events of defaults.
19. ADVANCED RECEIVED
As of June 30, 2011 and December 31, 2010, cash advances from customers in Rupiah representing down payments for the sale of term used right in kiosks, shophouses and plaza are
received from related parties, meanwhile, advances from sales of palm and its derivative products are received from third parties.
As of June 30, 2011 and December 31, 2010, advances received in foreign currency amount US 55,050 thousand and US 58,511 thousand.
PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2011 AND DECEMBER 31, 2010 AND CONSOLIDATED COMPREHENSIF STATEMENTS OF INCOME FOR THE SIX MONTHS
PERIOD ENDED JUNE 30, 2011 AND 2010 Continued
- 37 - 20. BORROWINGS
PT Mandiri Tunas Finance The Company and BPG, a subsidiary, obtained financing facilities from PT Mandiri Tunas Finance
to purchase 1 unit vehicle and 10 units of heavy equipment with total facilities amounting to Rp 2,799,000 thousand. These financing facilities have term of three 3 years and will expire on
October 23, 2013. The interest was fixed at 5.70 and 11.48, respectively, per annum with monthly installment of principal and interest totaling to Rp 75,387 thousand per month. Also, the
Company obtained financing facilities from PT Mandiri Tunas Finance to purchase 5 unit vehicle with total facilities amounting to Rp 1,032,000 thousand. These financing facility have term of three
3 years and will expire on May 27, 2014 with monthly installment of principal and interest totaling to Rp 33,182 thousand per month.
The loans received from PT Mandiri Tunas Finance are secured by the financed vehicles and heavy equipment Note 12.
PT BCA Finance On September 7, 2010, the Company obtained a loan facility from BCA amounting to
Rp 3,915,200 thousand to finance the acquisition of four 4 unit of vehicle. The facility has a term of three 3 years and will be due on August 1, 2013. The interest was fixed at 5.10 per annum
with monthly installment of principal and interest totaling to Rp 125,395 thousand. Also, the Company obtained a loan facility from BCA amounting to Rp 840,000 thousand to finance the
acquisition of one 1 unit of vehicle. The facility has a term of three 3 years and will be due on May 15, 2014 with monthly installment of principal and interest totaling to Rp 26,798 thousand.
Loans facilities from BCA are secured by the vehicles financed by BCA Note 12.
21. FINANCE LEASE LIABILITIES The Company and its subsidiaries acquired vehicles and heavy equipment through finance lease.
The lease agreements have a term of 3 years, and bear interest rates per annum ranging from 8.45 - 21.00 in 2011 and 2010.
The finance lease liabilities are secured with the related leased assets Note 12.
PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2011 AND DECEMBER 31, 2010 AND CONSOLIDATED COMPREHENSIF STATEMENTS OF INCOME FOR THE SIX MONTHS
PERIOD ENDED JUNE 30, 2011 AND 2010 Continued
- 38 - Based on the respective finance lease agreements, the future minimum lease payments are as
follows:
22. OTHERS PAYABLE
