PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED BALANCE SHEETS AS OF MARCH 31, 2011 AND DECEMBER 31, 2010 AND CONSOLIDATED COMPREHENSIF STATEMENTS OF INCOME FOR THE THREE MONTHS
PERIOD ENDED MARCH 31, 2011 AND 2010 Continued
- 36 - This credit facility is secured with the heavy equipment financed and corporate guarantee from
the Company. As of March 31, 2011 and December 31, 2010, outstanding loans amounted to Rp 794,951
thousand and Rp 1,589,902 thousand, respectively.
PT Bank Jasa Jakarta BJJ On February 17, 2010, the Company obtained a loan facility from BJJ amounting to
Rp 520,000 thousand to finance the acquisition of one 1 unit of vehicle. The facility has a term of three 3 years and will be due on February 8, 2013. The interest was fixed at 5.25 per annum
with monthly installment of principal and interest totaling to Rp 16,720 thousand. As of March 31, 2011 and December 31, 2010, the outstanding loan amounted to Rp 347,467 thousand and
Rp 387,938 thousand. Loans facilities from BJJ are secured by the vehicles financed by BJJ.
PT Bank National Nobu Nobu On March 25, 2011, the Company obtained a loan facility from Nobu amounting to Rp. 5,808,000
thousand to finance the acquisition of vehicle. The facility has a term of three 3 years and will be due on February 25, 2014. The monthly installment of principal and interest totaling to Rp 185,535
thousand. The outstanding loan as of March 31, 2011 is amounted to Rp 5,622,465 thousand.
All the bank loans except for BJJ and Nobu, obtained by the Company and its subsidiary, contain covenants which among others, restrict the Company to obtain or grant loans, act as guarantor,
change the nature and activities of its business and conduct liquidation, merger, consolidation or reorganization. The agreements also provide various events of defaults.
19. ADVANCED RECEIVED
PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED BALANCE SHEETS AS OF MARCH 31, 2011 AND DECEMBER 31, 2010 AND CONSOLIDATED COMPREHENSIF STATEMENTS OF INCOME FOR THE THREE MONTHS
PERIOD ENDED MARCH 31, 2011 AND 2010 Continued
- 37 - As of March 31, 2011 and December 31, 2010, cash advances from customers in Rupiah
representing down payments for the sale of term used right in kiosks, shophouses and plaza are received from related parties, meanwhile, advances from sales of palm and its derivative products
are received from third parties. As of March 31, 2011 and December 31, 2010, advances received in foreign currency amount
US 58,243 thousand and US 58,511 thousand.
20. BORROWINGS
PT Mandiri Tunas Finance The Company and BPG, a subsidiary, obtained financing facilities from PT Mandiri Tunas Finance
to purchase 1 unit vehicle and 10 units of heavy equipment with total facilities amounting to Rp 2,799,000 thousand. These financing facilities have term of three 3 years and will expire on
October 23, 2013. The interest was fixed at 5.70 and 11.48, respectively, per annum with monthly installment of principal and interest totaling to Rp 75,387 thousand per month.
The loans received from PT Mandiri Tunas Finance are secured by the financed vehicles and heavy equipment Note 12.
PT BCA Finance On September 7, 2010, the Company obtained a loan facility from BCA amounting to
Rp 3,915,200 thousand to finance the acquisition of four 4 unit of vehicle. The facility has a term of three 3 years and will be due on August 1, 2013. The interest was fixed at 5.10 per annum
with monthly installment of principal and interest totaling to Rp 125,395 thousand. Loans facilities from BCA are secured by the vehicles financed by BCA Note 12.
21. FINANCE LEASE LIABILITIES The Company and its subsidiaries acquired vehicles and heavy equipment through finance lease.
The lease agreements have a term of 3 years, and bear interest rates per annum ranging from 8.45 - 21.00 in 2011 and 2010.
The finance lease liabilities are secured with the related leased assets Note 12.
PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED BALANCE SHEETS AS OF MARCH 31, 2011 AND DECEMBER 31, 2010 AND CONSOLIDATED COMPREHENSIF STATEMENTS OF INCOME FOR THE THREE MONTHS
PERIOD ENDED MARCH 31, 2011 AND 2010 Continued
- 38 - Based on the respective finance lease agreements, the future minimum lease payments are as
follows:
22. OTHERS PAYABLE
