PT SUMMARECON AGUNG Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS OF JUNE 30, 2013 AND DECEMBER 31, 2012, 2011 AND 2010 AND FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2013 AND 2012 UNAUDITED
AND YEARS ENDED DECEMBER 31, 2012, 2011 AND 2010 Expressed in thousands of rupiah, unless otherwise stated
68
12. FIXED ASSETS continued
The fair value of the fixed assets as of June 30, 2013 amounting to Rp409,439,752 was determined partly by independent appraisers KJPP Hendra Gunawan and Partners based on its report dated
March 30, 2012 and partly based on the Tax Office’s sales value of tax object “NJOP”.
Based on the Company’s and Subsidiaries’ assessments, there were no events or changes in circumstances which indicated an impairment in the value of fixed assets as of June 30, 2013 and
December 31, 2012, 2011 and 2010, as provided in PSAK No. 48 Revised 2009.
13. INVESTMENT PROPERTIES
The details of investment properties are as follows:
2013 Balance as of
Balance as of December 31, 2012
Additions Deductions
Reclassifications June 30, 2013
2013 Movements
Cost
Land 624,115,766
342,567 -
138,870,604 485,587,729
Buildings and infrastructures 1,597,521,722
133,086,250 -
469,702,553 2,200,310,525
Hotel facilities 54,403,481
93,396 -
- 54,496,877
Machinery and heavy equipment
336,346,280 21,712,571
- 51,799,865
409,858,716 Furniture and
office equipment 908,375
10,710 -
- 919,085
2,613,295,624 155,245,494
- 382,631,814
3,151,172,932 Construction in progress
428,792,190 339,596,294
317,254 539,214,030
228,857,200 Total cost
3,042,087,814 494,841,788
317,254 156,582,216
3,380,030,132
Accumulated depreciation
Buildings and infrastructures 330,106,070
22,001,364 -
- 352,107,434
Hotel facilities 27,892,935
5,117,983 -
- 33,010,918
Machinery and heavy equipment
133,925,626 15,249,559
- -
149,175,185 Furniture and
office equipment 244,487
91,748 -
- 336,235
Total accumulated depreciation
492,169,118 42,460,654
- -
534,629,772
Net book value 2,549,918,696
2,845,400,360 2012
Balance as of Balance as of
December 31, 2011 Additions
Deductions Reclassifications
December 31, 2012
2012 Movements
Cost
Land 420,220,408
200,193,420 -
3,701,938 624,115,766
Buildings and infrastructures 1,551,833,517
45,193,195 446,264
941,274 1,597,521,722
Hotel facilities 54,284,601
118,880 -
- 54,403,481
Machinery and heavy equipment
273,829,523 20,976,716
47,174 41,587,215
336,346,280 Furniture and
office equipment 864,266
44,109 -
- 908,375
2,301,032,315 266,526,320
493,438 46,230,427
2,613,295,624 Construction in progress
32,604,172 378,174,160
- 18,013,858
428,792,190 Total cost
2,333,636,487 644,700,480
493,438 64,244,285
3,042,087,814 consists of sales and disposals
PT SUMMARECON AGUNG Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS OF JUNE 30, 2013 AND DECEMBER 31, 2012, 2011 AND 2010 AND FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2013 AND 2012 UNAUDITED
AND YEARS ENDED DECEMBER 31, 2012, 2011 AND 2010 Expressed in thousands of rupiah, unless otherwise stated
69
13. INVESTMENT PROPERTIES continued
2012 continued Balance as of
Balance as of December 31, 2011
Additions Deductions
Reclassifications December 31, 2012
2012 Movements continued
Accumulated depreciation
Buildings and infrastructures 287,828,427
42,719,929 446,264
3,978 330,106,070
Hotel facilities 17,110,682
10,782,253 -
- 27,892,935
Machinery and heavy equipment
103,200,932 30,609,749
4,540 119,485
133,925,626 Furniture and
office equipment 70,366
174,121 -
- 244,487
Total accumulated depreciation
408,210,407 84,286,052
450,804 123,463
492,169,118
Net book value 1,925,426,080
2,549,918,696 2011
Balance as of Balance as of
December 31, 2010 Additions
Deductions Reclassifications
December 31, 2011
2011 Movements
Cost
Land 411,027,113
7,947,010 -
1,246,285 420,220,408
Buildings and infrastructures 990,100,753
427,078,284 2,346,591
137,001,071 1,551,833,517
Hotel facilities -
13,857,998 -
40,426,603 54,284,601
Machinery and heavy equipment
186,009,967 25,164,298
2,082,554 64,737,812
273,829,523 Furniture and
office equipment -
- -
864,266 864,266
1,587,137,833 474,047,590
4,429,145 244,276,037
2,301,032,315 Construction in progress
- 35,414,580
389,782 2,420,626
32,604,172 Total cost
1,587,137,833 509,462,170
4,818,927 241,855,411
2,333,636,487
Accumulated depreciation
Buildings and infrastructures 235,346,963
28,451,092 157,866
24,188,238 287,828,427
Hotel facilities -
11,122,715 -
5,987,967 17,110,682
Machinery and heavy equipment
73,401,673 25,000,870
553,191 5,351,580
103,200,932 Furniture and
office equipment -
- -
70,366 70,366
Total accumulated depreciation
308,748,636 64,574,677
711,057 35,598,151
408,210,407
Net book value 1,278,389,197
1,925,426,080
consists of sales and disposals
