PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of June 30, 2016 unaudited and December 31, 2015 audited and For the period of six months ended June 30, 2016 and 2015 unaudited
Expressed in thousands of Indonesian Rupiah, unless otherwise stated
73
31. FINANCE COSTS CONTINUED
For the six-month periods ended June 30
2016 2015
Interest expense:
Loans from banks 157,533,928
129,417,929 Bonds
payable 140,906,759
68,349,407 Other
payables 1,119,799
- Loans from financing institutions 352,988
544,629 Bank
administration 2,288,908
2,680,140 Others each below Rp1,000,000 5,274,633
9,333,890
Total finance costs 307,477,015
210,325,995 32.
BALANCES AND TRANSACTIONS WITH RELATED PARTIES
The Group, in its regular conduct of business, has engaged in transactions with related parties. The balances of the accounts and transactions are as follows:
Balance as of Percentage from
consolidated total assets liabilities
June 30, 2016
December 31, 2015
June 30, 2016
December 31, 2015
Trade Receivables
Entity under common control PT Star Maju Sentosa
2,476,375 3,381,413 0,0125
0,0180 Other
related parties
PT Centrapacific Nusajaya -
170,161 -
0,0009 Key management personnel
Lexy Arie Tumiwa 173,272
221,403 0,0009
0,0012 Soegianto
Nagaria 13,707
10,990 0,0001 0,0001
Ge Lilies Yamin -
2,564 -
0,0000
Total trade receivables 2,663,354
3,786,531 0,0135 0,0202
Due from related parties – non-current
Joint venture
PT Jakartabaru Cosmopolitan 58,146,339
55,018,190 0,2944 0,2933
Entity under common control PT Star Maju Sentosa 687,986
589,225 0,0035
0,0031 Associate
PT Sukmapersada Nusa 110,931
110,931 0,0006
0,0006
PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of June 30, 2016 unaudited and December 31, 2015 audited and For the period of six months ended June 30, 2016 and 2015 unaudited
Expressed in thousands of Indonesian Rupiah, unless otherwise stated
74
32. BALANCES AND TRANSACTIONS WITH RELATED PARTIES CONTINUED
The Group, in its regular conduct of business, has engaged in transactions with related parties. The balances of the accounts and transactions are as follows: continued
Balance as of Percentage from
consolidated total assets liabilities
June 30, 2016
December 31, 2015
June 30, 2016
December 31, 2015
Key management personnel Liliawati
Rahardjo -
30,934 -
0,0002
Total due from related parties – non-current 58,945,256
55,749,280 0,2985
0,2972 Downpayments received and security deposits
current
Key management personnel
Ge Lilies Yamin 100,460
702 0,0008
0,000 Soegianto
Nagaria 1,614
1,278 0,0000 0,0000
Herman Nagaria
912 756 0,0000
0,0000 Adrianto P. Adhi
858 683
0,0000 0,0000
Lexy Arie Tumiwa 858
683 0,0000
0,0000 Harto Djojo Nagaria
849 627
0,0000 0,0000
Other related
parties PT Maktosa Jaya Indah
2,597 2,165
0,0000 0,0000
Theresia Mareta
833 630 0,0000
0,0000 Entity under common control
PT Star Maju Sentosa 112,168
112,166 0,0009 0,0010
Total downpayments received and security deposits current 221,149
119,690 0,0017 0,0010
Downpayments received and security deposits non current
Entity under common control PT Star Maju Sentosa
6,660,101 6,646,751 0,0547
0,0592 Other
related parties
PT Maktosa Jaya Indah 162,236
0,0013 PT Centrapacific Nusajaya
83,460 -
0,0007 -
Key management personnel Ge Lilies Yamin
1,162,733 1,633,866 0,0096
0,0146 Harto Djojo Nagaria
748,460 -
0,0062 -
PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of June 30, 2016 unaudited and December 31, 2015 audited and For the period of six months ended June 30, 2016 and 2015 unaudited
Expressed in thousands of Indonesian Rupiah, unless otherwise stated
75
32. BALANCES AND TRANSACTIONS WITH RELATED PARTIES CONTINUED
