PT Summarecon Agung Tbk | Laporan Tahunan 2010 Annual Report

These consolidated financial statements are originally issued in Indonesian language.
9. ADVANCES
PT SUMMARECON AGUNG Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2010 and 2009
(Expressed in thousands of rupiah, unless otherwise stated)
This account consists of advances for:
31
2010 2009
Purchase of:
Land 313,273,186 102,272,219
Construction materials 147,399,576 22,031,591
Fixed assets 1,468,548 671,077
Others 6,796,115 4,225,463
Total advances 468,937,425 129,200,350
10. UNDEVELOPED LAND
2010 2009
Location Area Amount Area Amount
Gading Serpong 2,090,156 m 2 516,137,252 1,777,186 m 2 355,283,319
Bekasi - Kota 1,897,234 411,047,216 1,821,938 276,135,211
Cakung 188,374 124,423,650 188,374 112,023,490
Ciketing 149,220 306,342 149,220 306,342
Gede Bage 54,120 13,709,644 - -
Rorotan 24,300 97,953 24,300 97,953
Slipi 12,046 28,565,475 12,046 28,565,475
Kelapa Gading 6,268 8,441,940 756 8,282,866
Pulo Gadung 2,944 427,821 2,944 427,821
Cisarua 2,900 56,933 2,826 56,933
Pegangsaan Dua - - 364,076 321,296,058
Total undeveloped land 4,427,562 m 2
The status of ownership of undeveloped land is as follows:
1,103,214,226 4,343,666 m 2 1,102,475,468
2010 2009
Status Area Area
Released rights (“pelepasan hak”) 3,014,094 m 2 2,870,231 m 2
Land certificates already issued 1,413,468 1,473,435
Total 4,427,562 m 2 4,343,666 m 2
As of December 31, 2010 and 2009, undeveloped land properties are pledged as collateral for loans
from banks and bonds payable with detail as follows:
2010 2009
PT Bank Central Asia Tbk (BCA) (Note 14) 241,956,681 241,956,681
PT Bank Mandiri (Persero) Tbk (Note 14) 64,584,335 -
Bonds payable (Note 15) 16,476,692 11,530,942
PT Bank Mega Tbk (Mega) (Note 14) - 28,565,475
Total 323,017,708 282,053,098