PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2011 AND DECEMBER 31, 2010 AND CONSOLIDATED COMPREHENSIF STATEMENTS OF INCOME FOR THE SIX MONTHS
PERIOD ENDED JUNE 30, 2011 AND 2010 Continued
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6. PT Bank Mandiri Persero Tbk Mandiri
The company obtained non-cash loan facilities from Mandiri as follows: 1. On October 21, 2009, Mandiri has issued bank guarantees
– bid bonds on behalf of the Company amounting to Rp. 500.000 thousand with maturity date on October 19, 2010.
On the maturity date, the said bank guarantee has been extended with maturity date on October 19, 2011. The Company has placed security deposits on the said bank
guarantee issued amounting to Rp. 500.000 thousand with Mandiri.
2. SBLC Facility in amount not exceeding US 20,000 thousand in relation to the Purchase Contract with Overseas Buyer the Buyer. These SBLCs are used to secure advance
payment from the Buyer. The SBLC facility is secured with trade accounts receivable from the Buyer, CPO
inventories, fixed assets, and personal guarantee from Widarto and Santoso Winata. In relation to the SBLC facility, the company is required to place a 12.5 guarantee
deposits for SBLC facility by blocking th e Company‟s working capital loan facility in
Mandiri. On March 17, 2010, Mandiri has changed the requirement on guarantee deposits,
whereas the Company has to place time deposit amounting to 5 of SBLC‟s amount. The SBLC facility has been extended several times and will mature on March
31, 2012. 3. Import LC and SKBDN Local LC in form of Sight and Usance with term 180 days
amounting to US 5,000 thousand, is granted on March 24, 2010 and will mature on March 31, 2012. This facility is used to finance the purchases of fertilizer and coal.
Import LC and SKBDN is secured by the financed goods and inventories, trade accounts receivable, land and mill located in Sidoarjo, East Java in the name of Widarto, personal
guarantee from Widarto and Santoso Winata, and corporate guarantee from PT Sungai Budi, related parties.
Besides, the Company is required to place a 5 margin deposit from the value of import LC and SKBDN which are issued.
7. PT Bank Internasional Indonesia Tbk BII
