CAPITAL STOCK NET SALES COST OF GOODS SOLD INCOME TAX
PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
JUNE 30, 2010 AND 2009 AND FOR THE SIX MONTHS PERIOD THEN ENDED Continued
- 28 - BNIL and BDP; land use right HGU No. 42 Wiralaga, plantation and fixed assets owned by BLTA
which is located in Kecamatan Mesuji, Lampung Province; inventories , and trade accounts receivable. Inventories and trade accounts receivable used as collaterals by the Company
represent part of joint collateral paripassu with Bank Mandiri and BRI Note 13. The installment payment of principal of syndicated loan will start on the 15
th
month and will be paid quarterly. The periods are 5 years 60 months for Loan A and 3 years 36 months for Loan B.
The followings are the payment schedule of syndicated loans:
Bank Mandiri The loan facility from Bank Mandiri represent investment loan received by the Company
amounting to US 5,965 thousand in 2004, which has just been availed of in 2006. This facility was used to finance the power plant project with a total value of investment amounting to US
11,450 thousand. This facility has a term of 5.5 years, which will start from the date of the first drawdown without grace period and will mature in the second quarter of 2011.
Interest rates per annum for the investment loans are 7,00 to 9.00 in 2010 and 2009. This credit facility is secured with the power plant project financed which has already been completed in
2009.
Bank CIMB Niaga Tbk
The loan facility from CIMB represents Fixed Installment Loan PTA obtained by AKG, a subsidiary, amounting to Rp 8,981,100 thousand or equivalent to US 961.20 thousand obtained
in 2008. This facility was used to finance the purchase of 12 units of heavy equipment. This facility has a term of 36 months without grace period and will mature on June 6, 2011.
Interest rate per annum for the PTA is 16 effective. The payment of interest and principal is calculated using the annuity method.This credit facility is secured with the heavy equipment
financed and corporate guarantee from the Company.