132
Laporan Tahunan 2012 • Annual Report 2012 • PT. ERATEX DJAJA Tbk
133
Laporan Tahunan 2012 • Annual Report 2012 • PT. ERATEX DJAJA Tbk
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
o. Taxation continued
The amounts of additional tax principal and penalty imposed through a Tax Assessment Letter “SKP” shall be recognized as income or expense in the current period of the consolidated statement of comprehensive income, unless further settlement
is submitted. The amounts of tax principal and penalty imposed through SKP are deferred as long as they meet the asset recognition criteria.
Indonesian tax regulations do not apply a concept of consolidated tax returns. Otherwise, the tax balances in the consolidated financial statements represent the combination of the Entity’s and its Subsidiaries tax position.
p. Employee Benefit Liabilities
Effective on January 1, 2012, the Entity adopted PSAK No. 24 Revised 2010, “Employee Benefits”. The revised PSAK permit an entity to adopt any systematic method that results in faster recognition of actuarial gainslosses, which among others, is
immediate recognition of actuarial gainslosses in the period in which they occur in other comprehensive income. The Entity decided to retain its previous method in accounting the actuarial gainlosses i.e. the 10 corridor method.
The Entity provide defined post-employment benefits to their employees in accordance with Labor Law No. 132003. No funding has been made to this defined benefit plan.
The cost of providing post-employment benefits is determined using the Projected Unit Credit method. The accumulated unrecognized actuarial gains or losses that exceed 10 of the present value of the defined benefit obligations at the
beginning of the reporting period is recognized on a straight-line basis over the expected average remaining working lives of the participating employees. Past service cost is recognized immediately to the extent that the benefits are already vested,
and otherwise is amortized on a straight-line method over the average period until the benefits become vested.
The benefit obligation recognized in the consolidated statements of financial position represents the present value of the defined benefit obligation, as adjusted for unrecognized actuarial gains or losses and unrecognized past service cost.
q. Non-current assets held for sale and discontinued operations
