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
- 120 - The management of the Company estimated that fiscal losses that can be realized in future
periods amounted to Rp 4,025, hence, the related deferred tax asset recognized on the unused fiscal losses amounted to Rp 1,006. As of December 31, 2012 and 2011 and January 1,
2011December 31, 2010, the unrecognized deferred tax asset on unused fiscal losses amounted to Rp 8,483, Rp 3,613 and Rp 3,649, respectively.
Management believes that deferred tax assets on temporary differences can be realized in the future.
A reconciliation between the income before tax per consolidated statements of comprehensive income and fiscal losses is as follows:
As Restated - Note 62
December 31, December 31,
2012 2011
Income before tax per consolidated statements of comprehensive income
1,656,283 2,012,263
Deduct: Income of the subsidiaries
1,621,677 1,974,274
Income before tax of the Company 34,606
37,989 Tax expense at effective tax rates
8,652 9,497
Tax effects of permanent differences: Depreciation expense
1,871 984
Other expenses 489
914 Interest income
7 11
Rent income 1,444
250 Gain from investment in units of mutual funds
6,244 6,371
Share in net income of the associates 8,676
6,294 General and administrative expenses
4 -
Net 14,007
11,028 Unrecognized deferred tax asset on fiscal losses
5,312 1,514
Tax benefit of the Company 43
17 Tax expense of the subsidiaries
88,525 68,361
Total 88,482
68,344
52. Earnings Per
Share Net Income
As Restated - Note 62
December 31, December 31,
2012 2011
Net income for computation of basic earnings per share and diluted earnings per share
1,066,012 1,638,570
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
- 121 -
Number of Shares
As Restated - Note 62
December 31, December 31,
2012 2011
Weighted average number of ordinary shares for computation of basic earnings per share
6,234,527,999 6,224,644,103
Weighted average number of potentially dilutive ordinary shares:
Series IV warrants 844,550,092
848,024,553 Weighted average number of ordinary shares for
computation of diluted earnings per share 7,079,078,091
7,072,668,656 Earning per share in full amount
Basic 170.98
263.24 Diluted
150.59 231.68
53. Nature of Relationship and Transactions with Related Parties Nature of Relationship
Other than the key management personnel, the related parties of the Company represent companies under the Sinar Mas Group of companies:
1.
Stockholders included ultimate stockholder of the Company. 2.
The companies which have the same stockholder with the Company, directly or indirectly. 3. The companies which are controlled by family members of stockholders and key
management of the Company.
Transactions with Related Parties
In the normal course of business, the Group entered into certain transactions with related parties. a.
Significant balances with related parties in the consolidated statements of financial position as of consolidated statement of financial position dates are as follows:
Percentage to Percentage to
Percentage to Total Assets
Total Assets Total Assets
Total Liabilities
Total Liabilities
Total Liabilities
ASSETS Cash and cash equivalents
- -
22,742 0.00
277 0.00
Short-term investments 680,485
0.01 685,256
0.01 534,480
0.01 Net investment in finance lease
4,326 0.00
122,118 0.01
172,799 0.01
Factoring receivables 69,889
0.00 111,621
0.01 65,658
0.00 Premium and reinsurance receivables
113,687 0.00
103,557 0.00
44,092 0.00
Loans 1,427,069
0.03 1,760,159
0.03 794,940
0.03 Securities agent receivables
7,045 0.00
- -
16,854 0.00
Other receivables 25,934
0.00 20,650
0.00 6,234
0.00 Other assets
24,395 0.00
11,108 0.00
9,622 0.00
Total Assets 2,352,830
0.04 2,837,211
0.06 1,644,956
0.05 December 31, 2011
December 31, 2010 December 31, 2012
January 1, 2011 As Restated - Note 62
As Restated - Note 62
