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