PT SINAR MAS MULTIARTHA Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements
December 31, 2011 and 2010 and For the Years then Ended
- 112 - Movements of defined-benefit post-employment reserve are as follows:
2011 2010
Rp 000,000 Rp 000,000
Defined-benefit post-employment reserve at beginning of the year 64,447
38,979 Defined-benefit post-employment expense during the year Note 49
14,363 26,811
Payments during the year 2,022
1,343 Defined-benefit post-employment reserve at end of the year
76,788 64,447
Principal actuarial assumptions used in the valuation of the defined post-employment benefits are as follows:
2011 2010
Future salary increase 5.00 - 15.00 5.00 - 15.00
Discount rate 7.00 - 10.00 5.00 - 13.00
51. Other Expenses
2011 2010
Rp 000,000 Rp 000,000
Repairs and maintenance 41,089
36,620 Training
35,296 20,143
Direct costs of service center 13,107
8,722 Bad debts expense
547 396
Tithe 277
127 Others
19,976 15,772
Total 110,292
81,780
Others consist of donation, fine, bad debt expense, allowance for decline in value of foreclosed properties Note 22 and others.
52. Income
Taxes
The tax expense of the Group consists of the following:
2011 2010
Rp 000,000 Rp 000,000
Current tax expense Subsidiaries
78,996 68,026
Deferred tax expense benefit Parent Company
17 37
Subsidiaries 700
21,814 Subtotal
683 21,777
Total 79,679
89,803
PT SINAR MAS MULTIARTHA Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements
December 31, 2011 and 2010 and For the Years then Ended
- 113 -
Current Tax
A reconciliation between income before tax per consolidated statements of comprehensive income and accumulated fiscal losses is as follows:
2011 2010
Rp 000,000 Rp 000,000
Income before tax per consolidated statements of comprehensive income
2,054,271 1,367,617
Deduct: Income of the subsidiaries
2,016,282 1,330,447
Income loss before tax of the Parent Company 37,989
37,170 Temporary differences:
Defined-benefit post-employment expense - net 82
69 Depreciation expense
13 -
Employee loan 26
81 Net
69 150
Permanent differences: Depreciation expense
3,935 3,926
Other expenses 3,657
458 Interest income
45 15
Rent income 1,000
4,143 Gain from investment in units of mutual funds
25,486 1,791
Equity in net income of the associates 25,176
28,388 Gain on sale of investment
- 12,718
General and administrative expenses -
1,437 Net
44,115 41,234
Fiscal loss 6,057
3,914 Accumulated fiscal losses in prior periods
18,620 14,714
Adjustment on fiscal losses based on tax assessment letter year 2009
2,328 -
Adjustment on fiscal losses based on tax assessment letter year 2008
- 8
Uncompensated fiscal losses 3,873
- Accumulated fiscal losses
18,476 18,620
The Company is in fiscal loss position, thus, no provision for current corporate income tax was made. According to tax regulation, fiscal losses can be carried forward and applied against the
taxable income immediately within five 5 years after such fiscal losses were incurred.
