PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of June 30, 2017 and for the Six-Month Periods Then Ended Expressed in thousands of Indonesian Rupiah, unless otherwise stated
55
14. TRADE PAYABLES TO THIRD PARTIES
Trade payables to third parties consist of purchases of goods and services from the following:
June 30, 2017 December 31, 2016
Suppliers 73,001,416
50,720,497 Office construction contructors
2,838,265 2,839,573
House construction contructors 1,482,183
1,539,165 Infrastructure construction contructors
1,473,277 1,073,525
Apartments construction contructors 674,580
680,056 Others
294,962 761,559
Total trade payables to third parties 79,764,683
57,614,375
The details of trade payables to third parties based on their original currencies Note 31 are as follows:
June 30, 2017 December 31, 2016
Rupiah 68,058,693
45,815,268 United States dollar US860,258 in 2017 and 2016
11,457,782 11,558,432
Singapore dollar Sin25,882 in 2017 and 2016 248,208
240,675
Total trade payables to third parties 79,764,683
57,614,375
There are no Company’s assets collateralized in relation to trade payables to third parties as of June 30, 2017.
15. OTHER PAYABLES
Other payables are liabilities consist of:
June 30, 2017 December 31, 2016
Third parties: Deposit payable
93,778,630 77,871,237
Dividend 74,045,293
1,918,467 Purchase of fixed assets and investment properties
61,930,655 76,332,181
Contractor 23,726,827
28,122,832 Shareholders of the Company’s subsidiaries
19,555,000 -
Others each below Rp10,000,000 67,013,712
51,403,814
Total other payables 340,050,117
235,648,531
Less current maturities 316,418,575
231,571,989
Long-term portion 23,631,542
4,076,542
PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of June 30, 2017 and for the Six-Month Periods Then Ended Expressed in thousands of Indonesian Rupiah, unless otherwise stated
56
16. ACCRUED EXPENSES
This account consists of accruals for:
June 30, 2017 December 31, 2016
Development of project, infrastructure, social and public facilities 1,099,129,864
1,354,282,652 Interest expense
77,032,469 54,175,121
Promotion 49,383,819
9,860,879 Repairs and maintenance
28,317,139 29,167,880
Electricity, water and telephone 21,884,650
20,651,801 Others each below Rp10,000,000
65,538,020 47,151,152
Total accrued expenses 1,341,285,961
1,515,289,485
As of June 30, 2017 and December 31, 2016, accruals of infrastructures, social and public facilities were provided for new projects of the Group which are involved in property development. The accruals were computed based on cost per square
meter sqm to be spent on the area to be developed as infrastructures, social and public facilities.
17. TAXATION June 30, 2017
