PT Barasentosa Lestari - GMR

PT BARASENTOSA LEST ARI
NOTES TO FINANCIAL STATEMENTS (Continued)
March 31, 2011 and 2010
(In US Dollar Currency)
12.0THERPAYABLES
201 1 2010
US$
US$
Related parties:
PT Duta Sarana Internusa (DSI)
Other payables 5,865,303
Revolving loan 7,205,820 7,352,805
7,205,820
Third parties 70,131
Total
Less current portion of other payab1es
7,275,951
(70,131)
13,218,108
Total 7,205,820 08
a. In 2010, the other payable to DSI amounted US$ 5,865,303, respectively, has no repayment
schedule and non bearing interest. DSI will decide whether this payable will be converted as
paid-in capital or will be stated in the loan agreement and treated as long term loan. This
conversion period up to 12 (twelve) month from March 31,2010.
Starting from April 1,2010, the Company's has entered into Mandatory Convertible Agreement
with DSI, and has convert the other payables amounted US$ 5,865,303 into mandatory
convertible bonds.
b. On November 1, 2009, the Company has entered into loan agreement with DSI, the Company's
stockholder. Based on the loan agreement, DSI should provide an unsecured loan with a
revolving line of credit in which DSI may make advance provided that the aggregate amount of
all loan outstanding under the line of credit at anyone time shall not exceed US$ 10,000,000.
The details of the loan are as follow:
Interest rate 6.35%
Settlement date March 31, 2011
Amount of installment USD 10 milliOn/outstanding amount as on that date plus
repayment
any interest as due on this date
On April 1, 2010, the Company has entered into loan agreement with DSI, the Company's
stockholder. Based on the loan agreement, DSI should provide an unsecured loan with a
revolving line of credit in which DSI may make advance provided that the aggregate amount of
all loan outstanding under the line of credit at anyone time shall not exceed US$ 40,000,000.
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