PT SAMPOERNA AGRO Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Six Months Ended June 30, 2007 and 2006
Expressed in thousands of Rupiah, unless otherwise stated
25
9. PLANTATION ASSETS continued b. Immature plantations
The immature plantations represents costs incurred relating to the development of the Group’s oil palm plantations Inti plantations such as land clearing, planting, fertilizing and other maintenance
activities until the oil palm areas are considered mature Note 2h.
The movement of immature plantations is as follows:
2 0 0 7 2 0 0 6
Beginning balance
15,139,360 10,567,271
Development costs
79,991,041 1,290,898
Transferrred to mature plantations -
- Transfer from nursery
8,013,690 2,036,598
Ending balance
103,144,091 13,894,767
Additions of immature plantations in 2007 included beginning balance of immature plantations amounting to Rp82,224,340 from Sungai Rangit which was consolidated starting in 2007.
Plantation assets from Mutiara Bunda Jaya, Telaga Hikmah, Aek Tarum and Gunung Tua Abadi are pledged as collateral for bank loans facilities Note 15.
10. FIXED ASSETS
2 0 0 7 Beginning
Ending balance
Addition Deduction
Reclassification Balance
At cost
Land 51,256,906
12,671,736 -
- 63,928,642
Buildings 86,740,082
48,663,610 3,912
68,342 135,468,122
Infrastructures 32,112,635
324,437 -
786,175 33,223,247
Machinery and equipments 248,064,990 58,227,275
- 1,931,646
308,223,911 Storage
tanks 10,754,298
- -
21,526 10,775,824
Vehicle and heavy equipments 55,901,871
23,295,909 3,825,543
- 75,372,237
Office equipments
9,827,677 3,297,331
4,110 41,844
13,162,742 Contruction in progress
4,628,558 14,491,702
- 2,849,533
16,270,727 Total
499,287,017 160,972,000
3,833,565 -
656,425,452 Accumulated depreciation:
Land -
563,011 -
- 563,011
Buildings 19,563,074
12,901,361 2,446
- 32,461,989
Infrastructures 7,832,462
855,787 -
- 8,688,249
Machinery and equipments 121,476,055 23,837,559
- -
145,313,614 Storage
tanks 6,432,013
744,713 -
- 7,176,726
Vehicle and heavy equipments 36,328,807
12,261,001 1,790,379
- 46,799,429
Office equipments
5,117,984 1,901,019
1,124 -
7,017,879 Total
196,750,395 53,064,451
1,793,949 -
248,020,897 Book
Value 302,536,622
408,404,555
Allowance for impairment of fixed assets
- 7,442,177
Net book
value 302,536,622
400,962,378
PT SAMPOERNA AGRO Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Six Months Ended June 30, 2007 and 2006
Expressed in thousands of Rupiah, unless otherwise stated
26
10. FIXED ASSETS continued
