PT SINAR MAS MULTIARTHA Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements
December 31, 2012 and 2011 and January 1, 2011December 31, 2010 and For the Years then Ended December 31, 2012 and 2011
Figures are Presented in Millions of Rupiah, unless Otherwise Stated
- 109 - The facility is fiduciary secured by consumer financing receivables Note 7.
The loans obtained by the subsidiares from BNI, Panin, Victoria, Capital, ICBC and CIMB Niaga include requirements that restrict the subsidiares, among others, to conduct merger, acquisition,
reorganization, change of business or change their legal status or liquidate the subsidiares, file a petition for bankruptcy or delaying payment of their debts, withdraw or reduce the paid up capital
and to guarantee or mortgage shares.
33. Other Liabilities
January 1, 2011 December 31,
December 31, December 31,
2012 2011
2010 Immediately payable liabilities 201,367
70,787 42,456
Premiums received still in identification process 87,168
124,323 134,951
Policyholders deposits 55,042
94,217 10,247
Payable to policyholders 13,274
11,868 71,682
Tabarru fund 12,979
557 -
Unearned revenues 10,981
15,897 8,842
Margin deposits 3,278
2,801 29,706
Tithe payable 504
376 149
Travellers checks 431
881 1,616
Estimated losses on commitments and contingencies -
- 3,537
Negative goodwill-net -
- 129,802
Others 54,136
96,127 214,393
Total 439,160
417,834 647,381
Tabarru’ fund is the fund establish from contribution, investment income, and accumulated tabarru’ funds underwriting surplus reserve which is allocated to tabarru fund.
As of January 1, 2011December 31, 2010, others include liability of SU, a subsidiary, to third party amounting to Rp 145,000, in connection with the purchase of shares of PT Bintang
Rajawali Perkasa by SU and has been repaid in October 2011.
As of January 1, 2011December 31, 2010, the balance of negative goodwill includes negative goodwill arising from purchase of shares of AJSM at nominal price by the Company and SU,
a subsidiary. The carrying amount of negative goodwill amounting to Rp 129,806 was adjusted to beginning balance of retained earning as of January 1, 2011 Note 63 and carrying amount of
positive goodwill amounted Rp 4 was recorded as other assets.
As of December 31, 2012 and 2011 and January 1, 2011December 31, 2010, the balance of other liabilities to related parties amounted to Rp 2,131, Rp 946 and Rp 818, respectively
Note 53.
PT SINAR MAS MULTIARTHA Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements
December 31, 2012 and 2011 and January 1, 2011December 31, 2010 and For the Years then Ended December 31, 2012 and 2011
Figures are Presented in Millions of Rupiah, unless Otherwise Stated
- 110 -
34. Non Controlling Interests in Net Assets and Comprehensive Income Losses of the Subsidiaries
a. Noncontrolling interest in net assets of the subsidiaries
January 1, 2011 December 31,
December 31, December 31,
2012 2011
2010 AJSM
4,830,096 4,499,174
- BS
792,668 518,010
200,315 SU
1,511 1,466
- GAI
3,476 -
- JTUM
50 48
46 AUP
1 1
1 Total
5,627,802 5,018,699
200,362
b. Noncontrolling interest in net income losses of the subsidiaries
December 31, December 31,
2012 2011
AJSM 410,164
271,708 BS
91,177 33,674
GAI 401
- SU
45 34
JTUM 2
1 Total
501,789 305,349
c.
Noncontrolling interest in comprehensive income losses of the subsidiaries
December 31, December 31,
2012 2011
AJSM 409,641
2,501,350 BS
158,058 16,120
GAI 401
- SU
45 34
JTUM 2
2 Total
568,147 2,485,262
35. Capital Stock
The share ownership in the Company based on the records of STG, share registrar, a subsidiary, is as follows:
By Series of Shares:
Nominal Total
Nominal Total
Nominal Total
Number of Value
Paid up Number of
Value Paid up
Number of Value
Paid up Shares
Shares per Share
Capital Stock Shares
per Share Capital Stock
Shares per Share
Capital Stock in full Rupiah
Rp 000,000 in full Rupiah
Rp 000,000 in full Rupiah
Rp 000,000 Series A
2.28 142,474,368
5,000 712,372
2.29 142,474,368
5,000 712,372
2.29 142,474,368
5,000 712,372
Series B 97.72
6,093,458,908 100
609,346 97.71
6,090,063,689 100
609,006 97.71
6,081,318,298 100
608,132 Total
100.00 6,235,933,276
1,321,718 100.00
6,232,538,057 1,321,378
100.00 6,223,792,666
1,320,504 January 1, 2011December 31, 2010
December 31, 2011 December 31, 2012
