PT SINAR MAS MULTIARTHA Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements
December 31, 2011 and 2010 and For the Years then Ended
- 103 -
34. Other Liabilities
2011 2010
Rp 000,000 Rp 000,000
Related parties Note 54 Premiums received still in identification process
461 342
Unearned revenues 232
142 Others
253 334
Total 946
818 Third parties
Premiums received still in identification process 123,862
134,609 Policyholders deposits
94,217 10,247
Immediately payable liabilities 70,787
42,456 Unearned revenues
15,665 8,700
Payable to policyholders 11,868
71,682 Deposits payable
2,801 29,706
Travellers checks 881
1,616 Tabarru fund
557 -
Tithe payable 376
149 Payable to contractors
28 133
Estimated losses on commitments and contingencies -
3,537 Negative goodwill-net Note 2b
- 129,802
Others 34,108
180,444 Total
355,150 613,081
Total 356,096
613,899
Tabarru’ fund is the fund establish from contribution, investment income, and accumulated tabarru’ funds underwriting surplus reserve which is allocated to tabarru fund.
As of December 31, 2011, estimated losses on commitment and contingency have been adjusted to the current year statement of comprehensive income Note 26.
As of December 31, 2010, others include liability SU, a subsidiary, to third party, amounting to Rp 145,000 million, respectively, in connection with the purchase of shares of BRP by SU and
has been repaid in October 2011.
As of December 31, 2011 and 2010, the balance of negative goodwill includes negative goodwill arising from purchase of shares of AJSM at nominal price by the Company and SU, a subsidiary,
Note 17. The carrying amount of negative goodwill amounted to Rp 129,806 million was adjusted to beginning balance of retained earning as of January 1, 2011 Note 2b and carrying
amount of positive goodwill amounted Rp 4 million was recorded as other assets.
As of December 31, 2011 and 2010, the balance of other liabilities denominated in foreign currency amounted to US 3,424,169 and US 8,228,015, respectively Note 59.
PT SINAR MAS MULTIARTHA Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements
December 31, 2011 and 2010 and For the Years then Ended
- 104 -
35. Non Controlling Interests in Net Assets and Comprehensive Income Losses of the Subsidiaries
a. Noncontrolling Interest in Net Assets of the subsidiaries
2011 2010
Rp 000,000 Rp 000,000
AJSM 4,499,174
- BS
518,010 200,315
SU 1,466
- JTUM
48 46
AUP 1
1 Total
5,018,699 200,362
b. Noncontrolling Interest in comprehensive income losses of the subsidiaries
2011 2010
Rp 000,000 Rp 000,000
AJSM 271,708
- BS
33,674 -
SU 34
- JTUM
1 -
Total 305,349
-
36. Capital Stock
The share ownership in the Company based on the records of STG, share registrar, a subsidiary, is as follows:
By Series of Shares:
Nominal Total
Nominal Total
Number of Value
Paid up Number of
Value Paid up
Shares Shares
per Share Capital Stock
Shares per Share
Capital Stock Rp
Rp 000,000
Rp Rp
000,000 Series A
2.29 142,474,368
5,000 712,372
2.29 142,474,368
5,000 712,372
Series B 97.71
6,090,063,689 100
609,006 97.71
6,081,318,298 100
608,132 Total
100.00 6,232,538,057
1,321,378 100.00
6,223,792,666 1,320,504
December 31, 2010 December 31, 2011
By Ownership of Interest:
December 31, 2011 December 31, 2010
Name of Stockholder Number of Shares
Number of Shares JBC International Finance MAU
Limited 52.46
3,269,507,578 55.85
3,475,886,578 Indra Widjaja
0.00 208,500
0.02 1,315,364
Public below 5 each 47.54
2,962,821,979 44.13
2,746,590,724 Total
100.00 6,232,538,057
100.00 6,223,792,666
