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
57
28. CASH DIVIDEND
In the stockholders’ annual meetings held on 31 May 2012 and 8 June 2011, the Company’s stockholders approved the distribution of cash dividends of Rp23 full amount per share or Rp158,082,239 in 2012 and
Rp10 full amount per share or Rp68,731,408 in 2011.
As of 30 June 2012 and 31 December 2011, the outstanding dividends payable amounted to Rp158,668,079 and Rp585,896 respectively, which are presented as part of other payables in the
consolidated statements of financial position Note 18.
29. NET REVENUES
The details of net revenues are as follows:
2012 2011 Property development
Houses 429,939,237
361,911,841 Shops
150,295,510 89,838,742
Landplots 496,195,719
172,318,741 Offices
2,625,921 -
Apartments -
3,814,495 1,079,056,387
627,883,819 Investment properties
Related parties
Mall and retail 159,809
- Third
parties Mall and retail
297,346,559 234,914,643
Office 4,268,304
1,783,294 Residential
3,415,253 5,301,573
Commercial and
others 41,043,075
24,006,752 346,233,000
266,006,262 Other businesses
Leisure 16,972,743
14,603,247 Healthcare
12,775,168 -
Hospitality 42,523,771
30,085,257 Others
17,058,759 -
89,330,441 44,688,504
Net revenues 1,514,619,828
938,578,585
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
58
30. COST OF SALES AND DIRECT COSTS
The details of cost of sales and direct costs are as follows:
2012 2011 Property development
Houses 375,676,771
224,772,092 Shops
47,239,194 43,034,058
Landplots 142,230,493
81,080,591 Offices
1,607,419 -
Apartments -
2,955,781 566,753,877
351,842,522 Investment properties
Retail 149,916,922
114,498,643 Office
4,355,170 2,312,985
Residential 539,600
1,041,860 Commercial
and others
6,235,759 4,855,950
161,047,451 122,709,438
Others
Leisure 10,807,202
9,184,642 Healthcare
7,759,799 -
Hotel 4,278,545
3,196,327 Others
8,729,288 -
31,574,834 12,380,969
Total cost of sales and direct costs 759,376,162
486,932,929
In 2012 and 2011, no purchases exceeding 10 of net revenues were made from any single supplier.
31. OPERATING EXPENSES
The details of operating expenses are as follows:
2012 2011 Selling expenses
Promotion and advertising 41,113,847
31,262,320 Sales
commissions 45,005,488
16,353,666 Mortgage administration fee
2,238,933 44,573
Salaries and employee benefits 3,155,309
2,306,762 Others
2,015,877 5,556,259
Total selling expenses 93,529,454
55,523,580
