INVENTORIES continued SMRA Interim Acc - Q2 2012 Eng
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of 30 June 2012 unaudited and 31 December 2011 audited and
For the period of six months ended 30 June 2012 and 2011 unaudited
Expressed in thousand of rupiah, unless otherwise stated
40 The details of construction in progress as of 30 June 2012 and 31 December 2011 are as follows:
30 June 2012 31 December 2011
Amount Percentage of
completion Amount
Percentage of completion
Genset Summarecon Mal Serpong II -
- 37,704,907
83,4 Scientia Digital Center
5,105,133 4
- -
Others 10,010,801
- 2,309,883
-
Total construction in progress 15,115,934
40,014,790
The percentages of completion of the construction in progress as of 30 June 2012 and 31 December 2011 are based on the actual expenditures incurred compared to the total budgeted project cost.
Fixed assets, except land, are covered by insurance against fire, flood and other risks all-risks under blanket policies with several companies, including PT Asuransi Reliance Indonesia, PT Asuransi Central
Asia, PT Asuransi Allianz Utama Indonesia, PT Asuransi Adira Dinamika and PT Asuransi Sinar Mas, all third parties, for US16,812,100 and Rp86,963,216 in 2012 and 2011, SH, a subsidiary, also covered its
fixed assets by insurance against terrorism and sabotage for US14,000,000 in 2010. In addition the Company and Subsidiaries obtained insurance against business interruption for Rp4,828,000 in 2012 and
2011. The Company and Subsidiaries’ management is of the opinion that the above coverages are adequate to cover possible losses arising from such risks.
As of 30 June 2012 and 31 December 2011, fixed assets with net book value of Rp60,753,284 and Rp62,633,714, respectively, are pledged as collateral
for the loans from banks and financing institution Note 15.
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 30 June 2012 and 31
December 2011.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of 30 June 2012 unaudited and 31 December 2011 audited and
For the period of six months ended 30 June 2012 and 2011 unaudited
Expressed in thousand of rupiah, unless otherwise stated
41
13.
INVESTMENT PROPERTIES
The details of investment properties as of 30 June 2012 dan 31 December 2011 are as follows:
30 June 2012
Balance as of 1 January 2012
Additions Deductions Reclassifications
Balance as of 30 June 2012
2012 Movements
Cost : Land 420,220,408
48,976,370 - -
469,196,778 Buillding and infrastructures
1,551,833,517 26,059,611
316,509 537,976
1,578,114,595 Hotel facilities
54,284,601 22,208
- - 54,306,809
Machinery and Heavy equipment 273,829,523
36,798,354 -
17,871,123 328,499,000
Furniture and office equipment 864,266
- - -
864,266 2,301,032,315
111,856,543 316,509 18,409,099
2,430,981,448 Construction in progress
32,604,172 139,079,094
19,774 5,892,651 165,770,841
Total cost 2,333,636,487
250,935,637 336,283 12,516,448
2,596,752,289 Accumulated depreciation
Buillding and infrastructures 287,828,427
21,909,471 267,854 3,978
309,474,022 Hotel facilities
17,110,682 5,563,201
- - 22,673,883
Machinery and Heavy equipment 103,200,932
14,030,688 - 119,485
117,351,105 Furniture and office equipment
70,366 77,344
- - 147,710
Total accumulated depreciation 408,210,407
41,580,704 267,854 123,463
449,646,720
Net book value 1,925,426,080
2,147,105,569 31 December 2011
Balance as of 1 January 2011
Additions Deductions Reclassifications
Balance as of 31 December
2011
2011 Movements
Cost : Land 411,027,113
7,947,010 - 1,246,285
420,220,408 Buillding 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 Buillding 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