Other Expenses Financial Statement 2012
PT SINAR MAS MULTIARTHA Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements
December 31, 2012 and 2011 and January 1, 2011December 31, 2010 and For the Years then Ended December 31, 2012 and 2011
Figures are Presented in Millions of Rupiah, unless Otherwise Stated
- 122 -
Percentage to Percentage to
Percentage to Total Assets
Total Assets Total Assets
Total Liabilities
Total Liabilities
Total Liabilities
LIABILITIES Deposits and deposits from other banks
3,305,019 0.10
5,633,851 0.17
4,278,045 0.18
Securities sold under agreements to repurchase -
- 39,125
0.00 32,069
0.00 Insurance payables
13,127 0.00
31,455 0.00
12,446 0.00
Unearned premium and estimated claims liability
788,726 2.42
729,631 2.30
779,959 3.24
Securities agent payables 2,257
0.00 -
- 10,870
0.00 Accrued expenses
6,912 0.00
8,825 0.00
6,682 0.00
Other liabilities 2,131
0.00 946
0.00 818
0.00 Total Liabilities
4,118,172 2.52
6,443,833 2.47
5,120,889 3.42
December 31, 2011 December 31, 2010
December 31, 2012 January 1, 2011
As Restated - Note 62 As Restated - Note 62
b. As of December 31, 2012 and 2011 and January 1, 2011December 31, 2010, the Group invested their funds amounting to Rp 425,954, Rp 507,411 and Rp 524,510, respectively, in
units of mutual funds which were managed by SMS, a subsidiary, as investment manager Note 5.
c. For the years ended December 31, 2012 and 2011 and January 1, 2011December 31, 2010, the underwriting income from related parties amounted to Rp 347,412 and
Rp 410,516 or 2.80 and 2.90, respectively, of the total underwriting income. d. For the years ended December 31, 2012 and 2011, the factoring income from related
parties amounted to Rp 12,877 and Rp 17,707 or 16.07 and 29.83, respectively, of the total factoring income.
e. For the years ended December 31, 2012 and 2011, the finance lease income from related parties amounted to Rp 3,404 and Rp 23,254 or 17.92 and 93.36, respectively, of the
total finance lease income. f.
The Group has insured the investment properties and property and equipment with ASM Notes 18 and 19.
g. The aggregate salaries and benefits paid by the Group to all commissioners and directors for the years ended December 31, 2012 and 2011 amounted to Rp 50,665 and
Rp 37,707, respectively. h. As of December 31, 2012 and 2011, the total balance of commitments and contingencies
transactions LC and bank guarantees with related parties amounted to Rp 21,386 and Rp 45,617, respectively Note 57.