PT SUMMARECON AGUNG Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS OF JUNE 30, 2013 AND DECEMBER 31, 2012, 2011 AND 2010 AND FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2013 AND 2012 UNAUDITED
AND YEARS ENDED DECEMBER 31, 2012, 2011 AND 2010 Expressed in thousands of rupiah, unless otherwise stated
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1. GENERAL continued
e. Changes in Capital Structure of the Subsidiaries continued PT Bali Indah Development BID
In 2010, BID was established with capital stock of Rp100,000, of which Rp25,000 was subscribed and fully paid by the stockholders. SBI acquired 23,125 shares for Rp23,125, with nominal amount
of Rp1,000 full amount per share, representing 92.50000 ownership. The establishment of BID was notarized under notarial deed No. 6 dated May 4, 2010 of Dewi Himijati Tandika, S.H.,
and was submitted to and acknowledged by the MLHR in its Decision Letter No. AHU-48219.AH.01.01.Year 2010 dated October 13, 2010.
In November 2012, BID increased its authorized capital stock from Rp100,000 to become Rp100,000,000 and increased its issued and fully paid capital stock from Rp25,000 to become
Rp32,025,000 with nominal amount of Rp1,000 full amount per share. The increase in capital stock was notarized under notarial deed No. 88 dated November 19, 2012 of Dewi Himijati
Tandika, S.H.
PT Bukit Jimbaran Indah BJI
In 2011, BJI was established with capital stock of Rp200,000,000, of which Rp50,000,000 was subscribed and fully paid by the stockholders. SBI acquired 35,000,000 shares for Rp35,000,000
with nominal amount of Rp1,000 full amount per share, representing 70 ownership. The establishment of BJI was notarized under notarial deed No. 10 dated September 7, 2011 of Dewi
Himijati Tandika, S.H., and was submitted to and acknowledged by the MLHR in its Decision Letter No. AHU-52092.AH.01.01.Year 2011 dated October 26, 2011.
In September 2011, BJI decreased its authorized capital stock from Rp200,000,000 to become Rp2,000,000 and increased its issued and fully paid capital stock from Rp50,000,000 to become
Rp60,000,000 with nominal amount of Rp1,000 full amount per share. The increase in capital stock was notarized under notarial deed No. 52 dated September 16, 2011 of Dewi Himijati
Tandika, S.H.
PT Bukit Permai Properti BPP In 2012, BPP was established with capital stock of Rp100,000,000, of which Rp25,000,000 was
subscribed and fully paid by the stockholders. SBI acquired 17,500,000 shares for Rp17,500,000, with nominal amount of Rp1,000 full amount per share, representing 70.00000 ownership. The
establishment of BPP was notarized under notarial deed No. 114 dated March 30, 2012 of Dewi Himijati Tandika, S.H., and was submitted to and acknowledged by the MLHR in its Decision Letter
No. AHU-36902.AH.01.01.Year 2012 dated July 6, 2012.
In September 2012, BPP decreased its authorized capital stock from Rp100,000,000 to become Rp4,000,000 and decreased its issued and fully paid capital stock from Rp25,000,000 to become
Rp1,000,000 with nominal amount of Rp1,000 full amount per share. The decrease in capital stock was notarized under notarial deed No. 15 dated September 5, 2012 of Dewi Himijati Tandika,
S.H., which was submitted to and acknowledged by the MLHR in its Decision Letter No. AHU-61020.AH.01.02.Year 2012 dated November 30, 2012.
