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
56
26. ADDITIONAL PAID-IN CAPITAL – NET
As of 30 June 2012 and 31 December 2011, the balance of this account arose from the following:
2012 2011
Initial public offering in 1990 38,668,600
38,668,600 Capitalization of additional paid-in capital to capital stock in
1994 33,333,000
33,333,000 Stock dividend in 1996
1,908,000 1,908,000
Stock dividend in 1997 9,177,480
9,177,480 Stock dividend in 2002
5,961,228 5,961,228
Increase in the issued and fully paid capital stock in 2005 - net of share issuance cost of Rp814,720
62,416,580 62,416,580
Bonus shares through capitalization of additional paid-in capital to capital stock in 2006
78,688,192 78,688,192
Increase in the issued and fully paid capital stock in 2007 - net of share issuance cost of Rp7,628,909
359,582,653 359,582,653
Increase in the issued and fully paid capital stock in 2008 from the exercise of warrants - net of warrant issuance
cost of Rp150,000 4,642,623
4,642,623 Bonus shares through capitalization of additional paid-in
capital to capital stock in 2008 321,789,380
321,789,380 Increase in additonal paid-in capital from the exercise of
warrants in 2009 455,871
455,871 Increase in additonal paid-in capital from the exercise of
warrants in 2010 196,353,091
196,353,091
Net 245,355,554
245,355,554
27. APPROPRIATED RETAINED EARNINGS - RESERVED FUND
In accordance with Article No. 70 of the Indonesian Corporation Law No. 40 of 2007, the Company must allocate a certain portion of its annual net income for the establishment of a reserve to an amount
equivalent to 20 of its issued capital stock. In the stockholders’ annual general meetings held on 31 May 2012 and 8 June 2011 the stockholders
approved to appropriate retained earnings for reserve fund amounting to Rp3,887,066 and Rp2,334,779 respectively.
As of 30 June 2012 and 31 December 2011 the balances of the general reserve are less than 20 of the issued and fully paid capital stock. The additional reserve will be made after obtaining the approval from the
stockholders in their next annual meeting.
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
