PT Summarecon Agung Tbk | Laporan Tahunan 2010 Annual Report

These consolidated financial statements are originally issued in Indonesian language.
PT SUMMARECON AGUNG Tbk AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
Years Ended December 31, 2010 and 2009
(Expressed in thousands of rupiah, unless otherwise stated)
Notes 2010 2009
NET REVENUES 2f,2o,28,32 1,695,443,952 1,197,692,629
COST OF SALES AND DIRECT COSTS 2o,29 947,778,293 593,272,474
GROSS PROFIT 747,665,659 604,420,155
OPERATING EXPENSES 2o,30
Selling 92,694,015 86,375,919
General and administrative 277,313,115 199,674,263
Total operating expenses 370,007,130 286,050,182
INCOME FROM OPERATIONS 377,658,529 318,369,973
OTHER INCOME (EXPENSES)
Interest income 31 44,631,894 14,300,269
Penalties and cancellation fees 5,388,465 9,466,748
Gain (loss) on sales and disposal of fixed assets 2j, 2k
and investment properties - net 11,12 1,421,039 (1,226,546)
Equity in net income of associated
companies - net 2d,4 204,985 26,433,794
Gain on foreign exchange - net 2q 175,141 6,983,848
Interest expense 31 (99,885,532) (136,890,626)
Loss on derivative instrument 2v,34,38 (201,123) (6,131,537)
Others - net 14,517,729 11,690,273
Other expenses - net (33,747,402) (75,373,777)
INCOME BEFORE INCOME TAX 343,911,127 242,996,196
INCOME TAX BENEFIT (EXPENSE) 2r,19d,19g
Current (109,755,890) (75,272,772)
Deferred 181,402 479,564
Income tax expense - net (109,574,488) (74,793,208)
INCOME BEFORE MINORITY INTERESTS
IN NET INCOME OF CONSOLIDATED
SUBSIDIARIES 234,336,639 168,202,988
MINORITY INTERESTS IN NET INCOME OF
CONSOLIDATED SUBSIDIARIES 2b,23 (858,743) (860,245)
NET INCOME 233,477,896 167,342,743
BASIC EARNINGS PER SHARE
(full amount) 2s,24,25,41 34.76 26.00
DILUTED EARNINGS PER SHARE
(full amount) 2s,24,25,41 - 25.63
The accompanying notes form an integral part of these consolidated financial statements.
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