SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued i.
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
53
3. MANAGEMENT’S USE OF JUDGMENTS, ESTIMATES AND ASSUMPTIONS continued Estimates and Assumptions continued
• Uncertain tax exposure
In certain circumstances, the Company and Subsidiaries may not be able to determine the exact amount of their current or future tax liabilities due to ongoing investigations by, or negotiations
with, the taxation authority. Uncertainties exist with respect to the interpretation of complex tax regulations and the amount and timing of future taxable profit. In determining the amount to be
recognized in respect of an uncertain tax liability, the Company and Subsidiaries apply similar considerations as they would use in determining the amount of a provision to be recognized in
accordance with PSAK No. 57, “Provisions, Contingent Liabilities and Contingent Assets”. The Company and Subsidiaries make an analysis of all tax positions related to income taxes to
determine if a tax liability for unrecognized tax benefit should be recognized.
The Company and Subsidiaries present interest and penalties for the underpayment of income tax, if any, in general and administrative expenses in the consolidated statements of comprehensive
income, and as part of “Tax Assessment Charges” in Note 32. 4. CASH AND CASH EQUIVALENTS
Cash and cash equivalents consist of the following:
December 31, June 30, 2013
2012 2011
2010
Cash on hand Rupiah
2,423,708 2,595,179
1,686,442 1,472,281
Foreign currencies 202,039
206,649 198,797
138,057 Total cash on hand
2,625,747 2,801,828
1,885,239 1,610,338
Cash in banks Rupiah
PT Bank Central Asia Tbk 383,240,132
290,586,477 134,267,044
132,528,097 PT Bank Permata Tbk
334,963,833 251,963,001
287,306,478 17,867,312
PT Bank Mandiri Persero Tbk 31,678,441
6,932,314 2,726,469
1,665,536 PT Bank Internasional Indonesia Tbk
19,841,344 29,114,540
38,205,810 2,401,080
PT Bank CIMB Niaga Tbk 17,031,874
13,912,656 14,311,752
10,691,776 PT Bank Danamon Indonesia Tbk
8,173,555 3,965,153
10,943,252 4,572
PT Bank OCBC NISP Tbk 8,039,855
3,204,580 7,631,706
1,760,791 PT Bank Negara Indonesia Persero Tbk
4,992,690 3,228,233
1,429,997 4,848
PT Bank ANZ Indonesia 2,849,912
845,001 33,171
232,297 PT Bank Resona Perdania
1,374,701 1,201,504
169,709 -
PT Bank Tabungan Negara Persero Tbk 1,284,456
251,745 202,770
- PT Bank Mega Tbk
1,053,579 904,078
509,154 3,794,919
PT Bank Bumi Arta Tbk 214,578
631,102 1,840,720
3,861,568 Standard Chartered Bank
111,593 4,554,447
- -
PT Bank Commonwealth 10,014
310,476 310,840
309,413 PT Bank UOB Indonesia Tbk
8,661 8,781
3,405 420,737
PT Bank Pan Indonesia Tbk -
1,307,526 935,046
3,728,204 Others each below Rp200,000
195,792 203,653
144,478 164,521