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
36
6. INVENTORIES CONTINUED
Real estate development inventories which are already covered by signed salespurchase agreements but have not yet been recognized as sales are as follows:
June 30, 2017 December 31, 2016
Inventories available for sale:
Houses 126,223,397
56,639,220 Landplots
75,858,861 106,802,725
Shops 19,140,173
16,020,765
Total inventories available for sale 221,222,431
179,462,710
Inventories under construction: Buildings
3,012,407,455 2,749,491,692
Landplots 85,647,050
91,822,682
Total 3,319,276,936
3,020,777,084
The downpayments received related to the above-mentioned inventories as of June 30, 2017 amounting to Rp2,526,911,392 2016: Rp2,615,327,807 are presented as Deposits Received in the consolidated statement of financial
position and as part of “Downpayments Received from Sale” in Note 19.
As of June 30, 2017, inventories in such properties known as Goldfinch, Scarlet, Volta, The Crown, Pascal, Darwin Commercial, The Kensington Commercial, Bluebell, Topaz Commercial, Vernonia, Kavling BCBD, Kavling Bina
Nusantara, Graha Bulevar Signature and Royal Orchard 3 are available for sale, and inventories by name Maxwell, Maxwell Commercial, Scientia Residence Phase II, Pelican, Flaminggo, Goldfinch Commercial, Faraday, Faraday
Commercial, Edison, Alloggio Commercial, Aristoteles Commercial, Volta Commercial, Emerald Cove 2, Midtown Apartment, Alloggio, Rainbow Springs Condovillas, The Kensington Royal Suite, Blok KR, Graha PA Commercial, Cluster
Sederhana, Ruby Commercial, The SpringLake Apartment, The SpringLake View Apartment dan The Primrose Condovilla, Burgundy dan Townhouse Pandawa are under construction.
As of June 30, 2017 and December 31, 2016, inventories amounted to Rp644,295,052 and Rp716,948,280 used as collateral for loans payable.
As of June 30, 2017, borrowing costs which were capitalized to inventories amounted to Rp63,657,600 2016: Rp36,122,278.
As of June 30, 2017 and December 31, 2016, the reclassification of fixed asset with net book value of Rp2,111,335 and RpNil to inventories was due to the change in management’s intention on the use of the related assets Note 9.
As of June 30, 2017 and December 31, 2016, the reclassification of investment properties with net book value of RpNil and Rp7,433,820, respectively, from inventories was due to the change in management’s intention on the use of the
related assets Note 10. As of June 30, 2017 and December 31, 2016, the reclassification of investment properties with net book value amounting
to RpNil and Rp574,789, respectively, to inventories was due to the change in management’s intention on the use of the related assets Note 10.
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
37
6. INVENTORIES CONTINUED
