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
40
4. CASH AND
CASH EQUIVALENTS CONTINUED
Cash and cash equivalents consist of the following: continued
June 30, 2016 December 31, 2015
Other currencies
Others each below Rp2.000.000 2,786,659
2.719.801 Total
bank 1,260,235,722
930.162.635
Time deposits Rupiah
PT Bank Permata Tbk 504,961,562
331.603.932 PT Bank Central Asia Tbk
61,922,056 83.067.127
PT Bank OCBC NISP Tbk 61,326,619
35.069.041 PT Bank Pan Indonesia Tbk
16,600,000 -
PT Bank UOB Indonesia Tbk 10,000,000
10.000.000 PT Bank Mandiri Persero Tbk
50,849 32.050.849
Others each below Rp10.000.000 9,071,855
9.030.511
Dolar Amerika Serikat
PT Bank ANZ Indonesia 5,601,500
- PT Bank Central Asia Tbk
- 33.235.620
PT Bank Permata Tbk -
27.848.620 Others each below Rp5.000.000
3,745,237 3.870.377
Total time deposits 673,279,678
565.776.077
Total cash and cash equivalents 1,942,614,373
1.503.546.080
Ranges of annual interest rates of time deposits are as follows:
June 30, 2016 December 31, 2015
Rupiah 4.75-10.00
5.00-10.00 United States Dollar
0.15-3.00 0.15-3.00
As of June 30, 2016, cash on hand is covered by insurance against theft and other risks with PT Asuransi Allianz Utama Indonesia and PT Asuransi ACE, all third parties, with total coverage of Rp38,725,000. The Group’s management is of the
opinion that the coverage is adequate to cover possible losses arising from such risks. Interest income from time deposits is presented in the consolidated statements of profit of loss and other comprehensive
income as part of “finance income”. All cash in banks and time deposits are placed in third-party banks.
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
41
5. TRADE RECEIVABLES
The details of trade receivables are as follows:
June 30, 2016 December 31, 2015
Related parties Note 32 Rental of retail and commercial investment properties
2,476,375 3,381,407
Sale of houses, shops and landplots 173,272
391,564 Others
13,707 13,560
Third parties
Sale of apartment units 121,194,521 72,977,221
Sale of houses, shops and landplots 60,606,040 12,080,843
Rental of retail and commercial investment properties 33,812,956
33,872,313 Hotel
services 5,453,577
2,484,591 Rental of residential and office investment properties
3,990,177 4,546,078
Monthly membership fees in sports club 348,086
3,249,719 Others
14,869,827 12,923,985
Total trade receivables 242,938,538
145,921,281
All of the Group’s trade receivables are denominated in rupiah. As of June 30, 2016, trade receivables amounting to Rp38,936,775 2015: Rp32,371,486 are pledged as collateral for
loans payable to BCA Note 14. Based on a review of the status of the individual trade receivables at the end of the year, the Group’s management
believes that all of the trade receivables are current and fully collectible.
6. OTHER RECEIVABLES
