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
104
34. BALANCES AND TRANSACTIONS WITH RELATED PARTIES continued
The nature of the related party relationships and of the transactions with the related parties is as follows:
Related parties Relationship
Transactions
PT Star Maju Sentosa Under common control
Other receivables, space rental Herman Nagaria
Director Sale of landplot, deposit received
from sale of landplot, house and apartment
Soegianto Nagaria Director
Sale of landplot, deposit received from sale of landplot, house,
shop and apartment Harto Djojo Nagaria
Commissioner Sale of landplot, deposit received
from sale of landplot and house PT Maktosa Jaya Indah
Stockholder Sales of office
Esther Melyani Homan Commissioner
Sales of office Sunarni Rahardja
Stockholder Sales of office
PT Centrapacific Nusajaya Stockholder
Sale of landplot and office PT Sukmapersada Nusa
Associated entity Other receivable
PT Lestari Kreasi Joint venture
Loan payable, other receivable Liliawati Rahardjo
Director Other receivable
Johanes Mardjuki President Director
Deposit received from sale of shop
G.E. Lilies Yamin Unaffiliated Director
Deposit received from sale of shop
Lexy Arie Tumiwa Director
Deposit received from sale of shop
Theresia Mareta Close family member of
Deposit received from sale a Director
of shop Adrianto P. Adhi
Other Deposit received from sale of
shop KSO Summarecon Serpong
Joint venture Loan payable
KSO Summarecon Lakeview Joint venture
Loan payable PT Jakartabaru Cosmopolitan
Joint venture Payable on profit sharing
Note 39x PT Telaga Gading Serpong
Joint venture Payable on profit sharing
Soetjipto Nagaria President Commissioner
Payable for investment in shares of stock
PT Duta Putra Mahkota Other
Payable for investment in shares of stock
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
105
35. ASSETS AND LIABILITIES IN FOREIGN CURRENCIES
As of June 30, 2013 and December 31, 2012, 2011 and 2010, the Company and Subsidiaries have monetary assets and liabilities denominated in foreign currencies. The rupiah equivalents of the foreign
currency-denominated assets and liabilities as of June 30, 2013 and December 31, 2012, 2011 and 2010, and as of June 30, 2013 converted at the exchange rates as of the completion date August 19,
2013 of the consolidated financial statements are as follows:
Foreign Currencies Equivalent Amounts in Rupiah
December 31, December 31,
August 19, 2013 Auditors’
June 30, 2013 2012
2011 2010
2010 2011
2012 June 30, 2013 Report Date
Assets Cash and cash equivalents
U.S. dollar US
2,293,924 2,304,310
2,295,404 1,460,530
13,131,634 20,812,658
22,282,677 22,776,371
23,973,799 European euro
Euro 183,447
181,577 422,772
509,928 6,096,588
4,964,887 2,326,002
2,380,637 2,556,888
Australian dollar AUD
8,295 8,294
8,295 8,295
75,837 75,837
83,161 76,180
80,029 Japanese yen
JPY 97,211
107,555 -
- -
- 12,046
9,755 10,421
Singapore dollar SGD
433 431
454 456
3,186 3,166
3,411 3,395
3,557 Malaysian ringgit
RM 752
752 752
752 2,192
2,192 2,376
2,349 2,396
Hong Kong dollar HKD
1,606 1,605
1,745 1,536
1,775 2,007
2,003 2,056
2,165 Thailand baht
THB 4,914
4,909 4,914
- -
1,384 1,551
1,566 1,641
Other financial assets - restricted time deposits Note 14 US
- -
- 1,000,000 8,991,000
- -
- -
Total Assets in Foreign Currencies 28,302,212
25,862,131 24,713,227
25,252,309 26,630,896
Liabilities Short-term bank loans Note 15
U.S. dollar US
1,000,000 1,000,000
1,000,000 3,820,000
34,345,620 9,068,000
9,670,000 9,929,000
10,451,000 Trade payables to third parties
Note 18 European euro
Euro 788
13,441 2,050
2,040 24,390
24,063 172,174
10,226 10,983
U.S. dollar US
793 12,886
797 793
7,130 7,225
124,608 7,874
8,288 Singapore dollar
SGD 3,881
792 23,505
3,881 27,092
163,926 6,259
30,431 31,880
Other payables Note 19 U.S. dollar
US 1,023,027
- 128,947
179,451 1,613,439
1,169,291 -
10,158,032 10,692,073
European euro Euro
1,833 -
56,083 63,386
757,843 658,358
- 23,787
25,548 Deposits received Note 23
U.S. dollar US
21,794 4,500
26,294 26,294
236,409 238,434
43,515 216,393
227,769 Total Liabilities in Foreign Currencies
37,011,923 11,329,297
10,016,556 20,375,743
21,447,541
Net Assets Liabilities in Foreign Currencies
8,709,711 14,532,834
14,696,671 4,876,566
5,183,355
36. FINANCIAL ASSETS AND LIABILITIES
The following table sets out the carrying values and estimated fair values of the Company’s and Subsidiaries’ financial instruments as of June 30, 2013 and December 31, 2012, 2011 and 2010:
December 31, June 30, 2013
2012 2011
2010 Carrying Values Fair Values
Carrying Values Fair Values
Carrying Values Fair Values
Carrying Values Fair Values
Financial Assets Available-for-sale
Investment in associates and other entities
3,698,761 3,698,761
3,698,761 3,698,761
3,698,761 3,698,761
4,029,276 4,029,276
Loans and receivables
Cash and cash equivalents 2,723,508,878 2,723,508,878 2,427,999,474
2,427,999,474 1,495,900,816
1,495,900,816 1,120,483,310
1,120,483,310 Trade receivables
177,826,686 177,826,686
106,417,742 106,417,742
34,427,117 34,427,117
89,372,219 89,372,219
Other receivables 30,465,760
30,465,760 24,254,265
23,610,304 37,717,332
34,504,463 121,817,124
121,817,124 Due from related parties
331,765 331,765
110,931 110,931
2,397,055 2,397,055
5,536,859 5,536,859
Other current financial assets 1,350,954
1,350,954 1,215,414
1,215,414 -
- 8,991,000
8,991,000 Other non-current financial
assets 61,339,548
61,339,548 89,062,099
89,062,099 95,917,488
95,917,488 102,737,828
102,737,828
Total 2,998,522,352 2,998,522,352
2,652,758,686 2,652,114,725
1,670,058,569 1,666,845,700
1,452,967,616 1,452,967,616
