PT Summarecon Agung Tbk | Laporan Tahunan 2010 Annual Report
PT Summarecon Agung Tbk | Laporan Tahunan 2010 Annual Report
PT Summarecon Agung Tbk | Laporan Tahunan 2010 Annual Report
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These consolidated financial statements are originally issued in Indonesian language.<br />
6. OTHER RECEIVABLES<br />
<strong>PT</strong> SUMMARECON AGUNG <strong>Tbk</strong> AND SUBSIDIARIES<br />
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS<br />
Years Ended December 31, <strong>2010</strong> and 2009<br />
(Expressed in thousands of rupiah, unless otherwise stated)<br />
This account consists of receivables from:<br />
28<br />
<strong>2010</strong> 2009<br />
<strong>PT</strong> Jakarta Cakratunggal Steel Mills 55,892,247 14,104,278<br />
Mantolli International Corporation 46,337,993 70,061,892<br />
Perhimpunan Penghuni Rumah Susun Hunian 4,060,165 -<br />
Others 15,664,805 5,748,035<br />
Total other receivables 121,955,210 89,914,205<br />
Based on the sale/purchase of shares agreement notarized under deed No. 28 dated<br />
December 19, 2003 of Dewi Himijati Tandika, S.H., the Company sold 39,800 shares of stock of JBGP<br />
to Mantolli. Based on notarial deed No. 18 dated October 30, 2009 of Suzy Anggraini Muharam, S.H.,<br />
the Company sold the remaining 77,275 shares of stock of JBGP to Mantolli (Note 4).<br />
The receivable from Mantolli is non-interest bearing and is collateralized by shares of stock of JBGP<br />
owned by Mantolli. The Company has the right to take over the collateral if Mantolli is not able to pay<br />
the receivable. This receivable was initially due on December 18, 2009 but this date was extended to<br />
December 30, 2013 and is repayable in annual installments of Rp17,484,000 each starting from 2009,<br />
with the final installment being due on December 30, 2013. The first and second installments were<br />
paid on December 30, 2009 and <strong>2010</strong>, respectively.<br />
Based on the review of the status of individual receivables at the end of the year, management believe<br />
that all other receivables are fully collectible.<br />
7. INVENTORIES<br />
Inventories consist of:<br />
<strong>2010</strong> 2009<br />
Inventories available for sale<br />
Land 71,268,876 60,948,667<br />
Apartments 3,300,128 25,372,322<br />
Shop houses 7,893,122 20,172,005<br />
Houses 93,798,572 6,752,589<br />
Total inventories available for sale 176,260,698 113,245,583<br />
Inventories under development/construction<br />
Land 298,169,848 286,756,689<br />
Buildings 787,765,111 269,726,638<br />
Apartments 38,652,425 40,295,412<br />
Total inventories under development/construction 1,124,587,384 596,778,739<br />
Others 7,585,275 2,876,798<br />
Total inventories 1,308,433,357 712,901,120
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