NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of 30 June 2012 unaudited and 31 December 2011 audited and
For the period of six months ended 30 June 2012 and 2011 unaudited
Expressed in thousand of rupiah, unless otherwise stated
52
2012 2011 B.
Taxes payable consist of:
Income taxes
Article 21 1,703,589
10,395,026 Article 23
2,236,916 2,929,510
Article 25 -
37,385 Article 26
189,357 73,109
Article 29 266,495
1,777,285 Final
tax 20,582,327
21,238,608 Development
tax 1,558,009
1,393,899
Total taxes payable 26,536,693
37,844,822
21. EMPLOYEE BENEFITS LIABILITIES
The Company and Subsidiaries have defined contribution pension plans, covering substantially all of their eligible employees. Up to January 2006, the Company’s contribution to the retirement fund was computed
at 1 of the employees’ pensionable salaries while the employees made monthly contributions equal to 2,5 of their pensionable salaries. The Company also enrolled its eligible employees in Manulife Pension
Program MPP, an additional pension program. The plan is administered by Dana Pensiun Lembaga Keuangan Manulife Indonesia DPLK, the establishment of which was approved by the Ministry of Finance
on 17 June 2002. Starting February 2006, the Company has temporarily stopped contributions to the DPLK and MPP because the funds are already sufficient to cover potential withdrawals. The Company and
Subsidiaries provide additional minimum benefits under Labor Law No. 132003 dated 25 March 2003 “the Law”. The additional benefits under the Law are unfunded.
Employee Benefit Liabilities balance as of 30 June 2012 and 31 December 2011 amounted to Rp63,395,912 and Rp57,400,554,respectively.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of 30 June 2012 unaudited and 31 December 2011 audited and
For the period of six months ended 30 June 2012 and 2011 unaudited
Expressed in thousand of rupiah, unless otherwise stated
53
22. DEPOSITS RECEIVED
This account consists of : 2012 2011
Downpayments received from the sale of: To Related Parties
Shops 15,223,467
15,223,467 Apartment
- 2,908,382
Houses -
2,608,389 Total related parties
15,223,467 20,740,238
Third parties
Houses 1,424,350,983
1,386,502,729 Landplots
925,127,561 1,075,132,362
Shops 1,322,224,620
661,649,558 Apartments
304,000,076 179,341,772
Others 17,620,340
5,272,417 Total third parties
3,993,323,580 3,307,898,838
Total downpayments received 4,008,547,047
3,328,639,076 Customer deposits for:
Third parties
Rent 78,815,642
67,230,805 Membership
1,494,168 7,445,462
Telephone 790,705
1,006,186 Others
4,905,123 16,367,779
Total customer deposits 86,005,638
92,050,232
Total deposits received 4,094,552,685
3,420,689,308
23. UNEARNED
REVENUES 2012 2011
This account consists of unearned rental revenues of: Mall and retail
200,035,542 192,069,102
Commercial and
others 14,188,087
10,784,390 Residential
8,128,289 2,308,144
Office 3,441,817
389,336
Total unearned revenues 225,793,735
205,550,972
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of 30 June 2012 unaudited and 31 December 2011 audited and
For the period of six months ended 30 June 2012 and 2011 unaudited
Expressed in thousand of rupiah, unless otherwise stated
54
24. NON-CONTROLLING INTERESTS
The details of non-controlling interests in the consolidated Subsidiaries are as follows:
2012 2011
PT Summarecon Property Development 90,754,272
- PT Serpong Cipta Kreasi
9,472,389 12,970,132
PT Bahagia
Makmursejati 1
1 PT Summarecon Bali Indah
146,880 66,357
Net equity attributable to non-controlling interests 100,079,782 12,903,776
Profit loss attributable to non-controlling interests in the consolidated Subsidiaries amounted to Rp3,582,143 in 30 June 2012 and Rp262,674 in 30 June 2011.
In 2010, PT Bhakti Karya Vita BKV increased its issued and fully paid capital stock from Rp10,000,000 to become Rp25,000,000 with par value per share of Rp1,000,000 full amount. The increase in the capital
stock was notarized under deed No, 119 dated 30 July 2010 of Dewi Himijati Tandika, S.H., and was approved by the Ministry of Justice and Human Rights in its Decision Letter No. AHU-AH.01.10-29683
dated 19 November 2010. Perhimpunan Sint Carolus Sint Carolus, a non-controlling interest of SCK, acquired 6,000 additional shares of BKV for Rp6,000,000. In addition, Sint Carolus subscribed to and paid
for 4,000 shares of BKV for Rp4,000,000, but maintained the same percentage of ownership at 40.
In 2011, BKV increased its capital stock from Rp40,000,000 to become Rp100,000,000 and increased its issued and fully paid capital stock from Rp25,000,000 to become Rp40,000,000 with par value per share of
Rp1,000,000 full amount. The increase in the capital stock was notarized under deed No. 22 dated 7 April 2011 of Dewi Himijati Tandika, S.H., and was approved by the Ministry of Justice and Human Rights in its
Decision Letter No. AHU-52637.AH.01.02 dated 28 October 2011. Sint Carolus acquired 2,000 additional shares of BKV for Rp2,000,000, but maintained the same percentage of ownership at 40.
25. CAPITAL STOCK
The details of the Company’s share ownership are as follows:
Stockholders 2012
Number of shares issued and fully paid
Percentage of ownership
Amount
Management Harto Djojo Nagaria Commissioner 20,366,236
0.30 2,036,623
Non-management PT
Semarop Agung
1,722,200,502 25.06
172,220,050 PT Sinarmegah Jayasentosa
475,788,112 6.92
47,578,811 Mellon Bank NA SA APG Strategic
Real Es State Pool N.V. 405,000,000
5.89 40,500,000 Others each below 5 ownership
4,249,785,990 61.83 424,978,600
Total 6,873,140,840 100.00
687,314,084
