PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of June 30, 2017 and for the Six-Month Periods Then Ended Expressed in thousands of Indonesian Rupiah, unless otherwise stated
59
22. SHARE CAPITAL CONTINUED
The details of the Company’s share ownership as of June 30, 2017 and December 31, 2016 are as follows: continued
Number of shares issued and fully
paid Percentage of
ownership Amount
Ownership of 5 or more continued BNYMSANV RE AMS RE Stichting D APG ST RE E
ES Pool-2039846201 810.000.000
5.61 81.000.000
Others each below 5 ownership 8.976.416.952
62.22 897.641.696
Total 14.426.781.680
100.00 1.442.678.168
23. ADDITIONAL PAI-IN CAPITAL
As of June 30, 2017 and December 31, 2016, this account arose from following:
June 30, 2017 December 31, 2016
Share premium 721,671,346
721,671,346 Other paid-in capital
17,103,214 17,103,214
Differences in value from transaction of entities under common control
5,560,839 5,560,839
Bonus share 721,339,084
721,339,084
Total 22,996,315
22,996,315
Share premium represents the excess of the amounts received andor the carrying value of converted warrants over the par value of the shares issued after offsetting all stockwarrant issuance costs.
Other paid-in capital represents the excess of the carrying value of shares distributed as dividends over the par value of the shares issued.
Differences in value from transactions of entities under common control represent the differences between the acquisition cost and the book value of a subsidiary which was acquired indirectly by other subsidiaries from Soetjipto Nagaria
controlling party using the pooling-of-interests method in 2012.
24. APPROPRIATED RETAINED EARNINGS - GENERAL RESERVE
In accordance with Article No. 70 of the Indonesian Corporation Law No. 40 of 2007, the Company must allocate a certain portion of its annual net income for the establishment of a reserve at an amount equal to 20 of its issued capital
stock. Based on the minutes of stockholders’ annual general meetings held on June 15, 2017, the Company stockholders
approved the appropriation of general reserve amounting to Rp5,658,792.
As of June 30, 2017, the balances of the general reserve are less than 20 of the issued and fully paid capital stock. The additional reserve will be made after obtaining the approval from the stockholders in their next annual meeting.
25. CASH DIVIDENDS
In the stockholders’ annual general meetings held on June 15, 2017, the Companys stockholders approved the cash dividend distribution amounting to Rp5 satuan penuh full amount per share or equivalent to Rp72,133,908.
PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of June 30, 2017 and for the Six-Month Periods Then Ended Expressed in thousands of Indonesian Rupiah, unless otherwise stated
60
25. CASH DIVIDENDS CONTINUED
