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
71
28. NET REVENUES CONTINUED
The details of net revenues are as follows: continued
For the six-month periods ended June 30
2016 2015
Third parties continued Estate and property management 58,569,052
43,618,789 Others
7,940,054 9,622,191
Sub-total 231,182,659
187,490,660
Net revenues 2,317,538,618
2,596,663,995
The percentage of revenues from sales to related parties to net revenues accounted for 0,76 as of June 30, 2016 2015: 0,46.
As of June 30, 2016 and 2015, no revenues exceeding 10 of annual net revenues were earned from any single
customer.
29. COST OF SALES AND DIRECT COSTS
The details of cost of sales and direct costs are as follows:
For the six-month periods ended June 30
2016 2015
Property Development
Houses 320,628,806
292,631,066 Shops
7,897,481 260,898,302
Apartments 430,155,473
168,231,432 Sub-total
758,681,760 721,760,800
Investment Properties
Mal and retail 315,403,919
313,962,576 Commercial and others
8,682,705 6,698,556
Office 8,873,972
10,445,784 Residential
2,283,619 2,168,060
Sub-total 335,244,215
333,274,976
Leisure and Hospitality
Hotel 51,935,753
47,852,687 Healthcare
31,630,997 27,747,497
Leisure 22,271,444
21,932,216 Estate and property management 50,835,925
44,404,561 Others
6,526,207 6,275,622
Sub-total 163,200,326
148,212,583
Total cost of sales and direct costs 1,257,126,301 1,203,248,359
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
72
29. COST OF SALES AND DIRECT COSTS CONTINUED
For periods ended June 30, 2016 and 2015, no purchases exceeding 10 of net revenues were made from any single supplier.
30. OPERATING EXPENSES
The details of operating expenses are as follows:
For the six-month periods ended June 30
2016 2015
Selling expenses
Promotion and advertising 70,792,166 89,638,341
Sales commissions
59,556,757 19,058,759
Salaries and employee benefits 5,965,526
6,040,098 Show
units 1,938,367
5,414,743 Others each below Rp2,500,000 4,206,348
1,623,402 Total selling expenses
142,459,164 121,775,343
General and administrative expenses
Salaries and employee benefits 248,410,591
289,235,909 Depreciation Notes 11 and 12 43,056,571
38,487,160 Corporate
events 13,574,723
14,422,745 Professional
fees 12,258,887
11,889,017 Electricity, water and telephone
9,485,207 9,210,926
Travelling and
transportation 8,790,295 7,924,935
Entertainment, representation
and donations 5,558,575
7,906,102 Security
5,393,951 6,350,881
Office building
suppliesequipment 5,260,693 4,471,686
Repairs and maintenance 3,838,600
5,394,102 Tax
penalty 3,191,760
14,814,965 Otherseach below Rp5,000,000 34,745,085
32,459,675 Total general and administrative expenses 393,564,938
442,568,103
Total operating expenses 536,024,102
564,343,446 31.
FINANCE COSTS
The details of finance costs are as follows:
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
