PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31,2007 AND 2006 AND FOR THE THREE MONTHS PERIOD THEN ENDED Continued
- 17 -
Immature Plantation
January 01, Additions
March 31, 2007
Reclassifications Deductions
2007
Rp 000 Rp 000
Rp 000 Rp 000
At Cost
Palm Plantation
130,408,908
31,095,026 -
161,503,934 Pineapple Plantation
4,188,126
1,744,796 856,349
5,076,573
Total 134,597,034
32,839,822 856,349
166,580,507 Changes During 2007
January 01, Additions
March 31, 2006
Reclassifications Deductions
2006
Rp 000 Rp 000
Rp 000 Rp 000
At Cost
Palm Plantation
66,264,053
10,174,305 -
76,438,358 Pineapple Plantation
10,459,813
833,945 -
11,293,758
Total 76,723,866
11,008,250 -
87,732,116 Changes During 2006
10. PROPERTY, PLANT
AND EQUIPMENT
January 01, M arch 31,
2007 Additions
Deductions 2007
Rp 000 R p 000
Rp 000 Rp 000
At Cost:
Direct acquisitions Land
86,642,099 586,000
- 87,228,099
Buildings and land im provem ents
353,489,060 1,981,168
- 355,470,228
Machinery 264,437,114
654,626 -
265,091,740 Vehicles and heavy
equipm ent 135,067,997
2,304,170 -
137,372,167 Furniture, fixtures
and equipm ent 72,862,100
7,709,002 -
80,571,102 Construction in progress
151,762,345 17,979,450
- 169,741,795
T otal 1,064,260,715
31,214,416 -
1,095,475,131 Accum ulated depreciation:
Direct acquisitions Buildings and land
improvement 54,308,108
3,091,321 -
57,399,429 Machinery
121,807,461 3,507,825
- 125,315,286
Vehicles and heavy equipm ent
75,051,614 2,905,262
- 77,956,876
Furniture, fixtures and equipm ent
50,906,056 5,031,244
- 55,937,300
T otal 302,073,239
14,535,652 -
316,608,891 Net Book Value
762,187,476 778,866,241
C hanges During 2007
PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31,2007 AND 2006 AND FOR THE THREE MONTHS PERIOD THEN ENDED Continued
- 18 -
January 01, March 31,
2006 Additions
Deductions 2006
Rp 000 Rp 000
Rp 000 Rp 000
At Cost: Direct acquisitions
Land 64,809,220
- -
64,809,220 Buildings and land
improvements 230,880,298
1,434,999 -
232,315,297 Machinery
253,555,069 1,509,041
- 255,064,110
Vehicles and heavy equipment
112,919,869 1,548,250
- 114,468,119
Furniture, fixtures and equipment
54,487,624 6,851,287
- 61,338,911
Construction in progress 71,680,487
42,304,486 -
113,984,973
Total 788,332,567
53,648,063 -
841,980,630 Accumulated depreciation:
Direct acquisitions Buildings and land
improvement 41,244,208
2,753,771 -
43,997,979 Machinery
99,913,556 1,951,624
- 101,865,180
Vehicles and heavy equipment
56,895,576 4,330,949
- 61,226,525
Furniture, fixtures and equipment
44,680,417 4,136,523
- 48,816,940
Total 242,733,757
13,172,867 -
255,906,624 Net Book Value
545,598,810 586,074,006
Changes During 2006
11. PROPERTY FOR LEASE
This account represents the net book value of a tanker ship, a barge and a tug boat for lease, as follows:
2007 2006
Rp 000 Rp 000
Cost 20,645,734
19,022,607 Accumulated depreciation
10,146,713 8,835,817
Net Book Value 10,499,021
10,186,790
The Company’s properties for lease were bought in 1998 and 2003. The Company appointed PT Budi Samudra Perkasa BSP, a related party, to operate the vessels for 3 years Note 26.
Based on the Cooperation Agreements, BSP is entitled to all freight income generated by the vessels but should pay an annual compensation to the Company with details as follows:
a. Based on Cooperation Agreement for period August 2,2004 – August 8, 2007, annual compensation amount to Rp 1,000,000 thousand for tanker ship and Rp 600,000 thousand
for the tug boat and barge. b. Based on Cooperation Agreement for period August 2, 2006 – August 4, 2009, annual
compensation amounts to Rp 350,000 thousand for the barged.
PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31,2007 AND 2006 AND FOR THE THREE MONTHS PERIOD THEN ENDED Continued
- 19 - Management believes that the carrying value of property for lease does not exceed the
replacement cost or recoverable amount from the sale or use of the assets and there is no impairment in value of the aforementioned assets as of March 31, 2007 and 2006.
12. TRADE ACCOUNTS
