Earnings per share GENERAL
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
26 impairment loss is increased or reduced by adjusting the allowance for impairment
account. If a future write-off is later recovered, the recovery is recognized in the consolidated statements of comprehensive income.
Available-For-Sale AFS financial assets In the case of equity investments classified as an AFS financial asset, objective
evidence would include a significant or prolonged decline in the fair value of the investment below its cost.
Where there is objective evidence of impairment, the cumulative loss - measured as the difference between the acquisition cost and the current fair value, less any
impairment loss on that investment previously recognized in the consolidated statements of comprehensive income - is reclassified from stockholders’ equity to
comprehensive income. Impairment losses on equity investments are not reversed through the consolidated statements of comprehensive income; increases in the equity
investments’ fair value after impairment are recognized in stockholders’ equity.
vii. Derecognition of financial assets and liabilities
Financial Assets A financial asset or where applicable, a part of a financial asset or part of a group of similar
financial assets is derecognized when: 1 the rights to receive cash flows from the asset have expired, or 2 the Company and Subsidiaries have transferred their rights to receive
cash flows from the asset or have assumed an obligation to pay the received cash flows in full without material delay to a third party under a “pass-through” arrangement; and either a
the Company and Subsidiaries have transferred substantially all the risks and rewards of the asset, or b the Company and Subsidiaries have neither transferred nor retained
substantially all the risks and rewards of the asset, but have transferred control of the asset.
Financial Liabilities A financial liability is derecognized when the obligation under the liability is discharged or
cancelled or has expired. When an existing financial liability is replaced by another from the same lender on
substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a extinguishment of the original liability and
the recognition of a new liability, and the difference in the respective carrying amounts is recognized in the consolidated statements of comprehensive income.