PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of June 30, 2016 unaudited and December 31, 2015 audited and For the period of six months ended June 30, 2016 and 2015 unaudited
Expressed in thousands of Indonesian Rupiah, unless otherwise stated
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1. GENERAL CONTINUED
e. Changes in Capital Structure of the Subsidiaries continued
PT Serpong Tatanan Kota STTK In December 2015, STTK increased its authorized capital stock from Rp10,000,000 to become Rp15,000,000 and
increased its issued and fully paid capital stock from Rp2,500,000 to become Rp10,360,000 with a par value of Rp1,000 full amount per share. SPCK subscribed for all 7,860,000 shares for Rp7,860,000. The increase in
capital stock was notarized under deed No. 86 dated December 18, 2015 of Dewi Himijati Tandika, S.H., which was acknowledged and recorded by the MLHR in its Decision Letter No. AHU-0000832.AH.01.02. Year 2016
dated January 15, 2016.
PT Bhakti Karya Vita BTKV
In 2015, BTKV received additional paid-in capital totalling Rp6,000,000 from the shareholders, SPCK and Perhimpunan Saint Carolus Note 24.
As of June 30, 2016, notarial deed about the additional paid in capital still in process
PT Jaya Bangun Abadi JYBA
In December 2015, JYBA increased its issued and fully paid capital stock from Rp77,801,000 to become Rp90,202,000 with a par value of Rp1,000 full amount per share. SPCK subscribed for all 12,401,000 shares for
Rp12,401,000. The increase in capital stock was notarized under deed No. 87 dated December 18, 2015 of Dewi Himijati Tandika, S.H., which was acknowledged and recorded by the MLHR in its Decision Letter No. AHU-
AH.01.03-0003349. Year 2016 dated January 15, 2016.
f. Approval and authorization for the issuance of consolidated financial statements
Publishing Groups consolidated financial statements on June 30, 2016 and for the six-month period ended on that date was approved and authorized for issuance by the Board of Directors on July 28, 2016 , as previously
reviewed and recommended for authorization by the Audit Committee of the Company.
2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting and reporting policies adopted by the Group prepared based on accounting principles generally accepted in Indonesia . The significant accounting policies applied consistently in the preparation of consolidated financial statements
for the year ended June 30, 2016 and 2015 are as follows :
a. Basis of preparation of the consolidated financial statements
