PT Barasentosa Lestari - GMR

PT BARASENTOSA LESTARl
NOTES TO FINANCIAL STATEMENTS (Continued)
March 31,2011 and 2010
(In US Dollar Currency)
23. FINANCIAL RISK MANAGEMENT(Continued)
Capital Management (Continued)
The Company, being a limited liability company, is subject to externally-imposed capital
requirement. Per the Laws of the Republic of Indonesia No. 40 of 2007 concerning Limited
Liability Company, the minimum capital requirement to qualify as a limited liability company is
Rp 50 million. As at March 31,2011 and 2010, the Company has complied with the minimum
requirement having a paid in capital of US$ 898,734.
24. NEW ACCOUNTING STANDARD
Indonesian Institute of Accountants has issued the following revised accounting standards:
1. SFAS 1 (Revised 2009) Presentation of Financial Statements (applicable for financial
statements covering periods beginning on or after 1 January 2011). This standard will replace
SF AS 1 (Revised 1998) Presentation of Financial Statements.
2. SFAS 2 (Revised 2009) - Cash Flow Statements applicable for financial statements covering
periods beginning on or after 1 January 2011). This standard will replace SF AS 2 (Revised
1994) -Cash Flows Statements
3. SFAS 48 (Revised 2009) Impairment of Assets (applicable for financial statements covering
periods beginning on or after 1 January 2011). This standard will replace SFAS 48 (Revised
1998) - Impairment of Assets.
4. SFAS 7 (Revised 2010) Disclosure of Related Parties (applicable for financial statements
covering periods beginning on or after 1 January 2011). This standard will replace SFAS 7
(Revised 1994) Disclosure of Related Parties.
5. SFAS 10 (Revised 2010) - The Impact of Foreign Exchange Gain (Loss) (applicable for
financial statements covering periods beginning on or after 1 January 2011). This standard will
replace SF AS 10 (Revised 1994) Transaction in Foreign Currency.
6. SFAS 23 (Revised 2010) - Income (applicable for financial statements covering periods
beginning on or after 1 January 2011). This standard will replace SFAS 23 (Revised 1994) ­
Income.
The Company is still evaluating the possible impact of these standards on the financial statements.
25. APPROVAL AND AUTHORlZATION TO ISSUE FINANCIAL STATEMENTS
The financial statements were approved and authorized for issue by the Company's Directors on
April 28, 2011.
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