PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of June 30, 2016 unaudited and December 31, 2015 audited and For the period of six months ended June 30, 2016 and 2015 unaudited
Expressed in thousands of Indonesian Rupiah, unless otherwise stated
86
38. LITIGATIONS CONTINUED
e. KCJA Defendant I and other defendants vs Jantje Manesah Agung Plaintiff in relation to a claim over approximately 85,940 sqm located in Kabupaten Bogor. The lawsuit filed in the District Court of North Jakarta on
October 29, 2015 with a lawsuit number 474Pdt.G2015PN.JKT.UTR. On April 7, 2016, KCJA apply to intervene in the case. As of the date of approval and authorization for the issuance of these financial statements, the case is still
under examination in the North Jakarta District Court.
f. CTDA Defendant II, The Company Defendant VI and other defendants vs H. Entjun Subari Alias Encum Alias Encun Bin H. Buyar Bin Ali Plaintiff I and other plaintiffs in relation to a claim over approximately 39,040 sqm
located in Kotamadya East Jakarta. The lawsuit filed in East Jakarta District Court dated January 14, 2016 with a lawsuit number 28Pdt.G2016PN.Jkt.Tim. As of the date of approval and authorization for the issuance of these
financial statements, the case is still under examination in the East Jakarta District Court.
g. CTDA Defendant II, The Company Defendant VI and other defendants vs Dani Bin Djukih Alias Djuki Alias Djukin Bin Saudin Alias Milan Plaintiff I and eighteen plaintiff in relation to a claim over approximately 24,480 sqm
located in Kotamadya East Jakarta. The lawsuit filed in East Jakarta District Court dated January 14, 2016 with a lawsuit number 29Pdt.G2016PN.Jkt.Tim. As of the date of approval and authorization for the issuance of these
financial statements, the case is still under examination in the East Jakarta District Court.
The Company’s management believes that the above litigations will not have a material effect and will not influence the going concern status of the Company and that these can be settled in accordance with existing laws
39. EARNINGS PER SHARE
For the six-month period ended June 30
2016 2015
Profit for the year attributable to the owners of the Parent Entity 24,521,320
247,857,984 Weighted average number of shares for calculation of earnings per
share Balance, beginning before the effect of issuance of new shares
14,426,781,680 14,426,781,680
Total
14,426,781,680 14,426,781,680
Earnings per share attributable to owners of the Parent Entity 2
17 40. SUBSEQUENT
EVENTS
a.
In 2016, PT Bhakti Karya Bangsa BKKB was established with authorized capital stock of Rp30,000,000, of which Rp7,500,000 has been issued and fully paid by the stockholders. The Company acquired 6,000,000 share for
Rp6,000,000 with a par value of Rp1,000 full amount per share representing 80 ownership, while the remaining 1,500,000 share for Rp1,500,000 representing 20 ownership was subscribed for by Tuan Sudino, third parties.
The establishment of BKKB was notarized under deed No. 8 dated July 20, 2016 of Dewi Himijati Tandika, S.H., which was acknowledged and recorded by the MLHR in its Decision Letter No. AHU-0032876.AH.01.01. Year 2016
dated July 21, 2016. As of the date of approval and authorization for issuance of these consolidated financial statements, the publication in the State Gazette of the Republic of Indonesia is in process.
PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of June 30, 2016 unaudited and December 31, 2015 audited and For the period of six months ended June 30, 2016 and 2015 unaudited
Expressed in thousands of Indonesian Rupiah, unless otherwise stated
87
41. ACCOUNTING STANDARDS ISSUED BUT NOT YET EFFECTIVE
