PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of June 30, 2016 unaudited and December 31, 2015 audited and For the period of six months ended June 30, 2016 and 2015 unaudited
Expressed in thousands of Indonesian Rupiah, unless otherwise stated
69
24. SHARE CAPITAL
The details of the Company’s share ownership as of June 30, 2016 and December 31, 2015 are as follows:
Number of shares issued and fully
paid Percentage of
ownership Amount
Commissioner Harto Djojo Nagaria
40,730,664 0,28 4,073,067
Ownership of 5 or more PT Semarop Agung
3,668,788,504 25,43 366,878,850
PT Sinarmegah Jayasentosa 951,576,224
6,60 95,157,622
BNYM SANV AS Cust of Stichting Depository APG Strategic Real Estate Pool
810,000,000 5,61 81,000,000
Others each below 5 ownership 8,955,686,288
62,08 895,568,629
Total 14,426,781,680
100,00 1,442,678,168 25. ADDITIONAL
PAID-IN CAPITAL
As of June 30, 2016 and December 31, 2015, the balance of this account arose from the following:
June 30, 2016 December 31, 2015
Share premium
721,671,346 721,671,346
Other paid-in capital 17,103,214
17,103,214 Differences in value from transaction of entities under common
control 5,560,839
5,560,839 Bonus share Note 1b
721,339,084 721,339,084
Total 22,996,315
22,996,315
Share premium represents the excess of the amounts received andor the carrying value of converted warrants over the par value of the shares issued after offsetting all stockwarrant issuance costs.
Other paid-in capital represents the excess of the carrying value of shares distributed as dividends over the par value of the shares issued.
Differences in value from transactions of entities under common control represent the differences between the acquisition cost and the book value of a subsidiary which was acquired indirectly by other subsidiaries from Soetjipto Nagaria
controlling party using the pooling-of-interests method in 2012.
26. APPROPRIATED RETAINED EARNINGS – GENERAL RESERVE
In accordance with Article No. 70 of the Indonesian Corporation Law No. 40 of 2007, the Company must allocate a certain portion of its annual net income for the establishment of a reserve at an amount equal to 20 of its issued capital
stock. Based on the minutes of stockholders’ annual general meetings held on June 23, 2016 and June 10, 2015, the Company
stockholders approved the appropriation of general reserve amounting to Rp10,864,413 and Rp13,875,169.
As of December 31, 2015 and 2014, the balances of the general reserve are less than 20 of the issued and fully paid capital stock. The additional reserve will be made after obtaining the approval from the stockholders in their next annual
meeting.
PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of June 30, 2016 unaudited and December 31, 2015 audited and For the period of six months ended June 30, 2016 and 2015 unaudited
Expressed in thousands of Indonesian Rupiah, unless otherwise stated
70
27. CASH DIVIDENDS
