PT Summarecon Agung Tbk | Laporan Tahunan 2010 Annual Report

These consolidated financial statements are originally issued in Indonesian language.
11. FIXED ASSETS (continued)
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)
Depreciation for the years ended December 31, 2010 and 2009 was charged to the following:
33
2010 2009
General and administrative expenses (Note 30) 28,656,880 24,995,704
Cost of sales and direct costs 16,010,085 8,392,256
Total depreciation 44,666,965 33,387,960
The details of sales of fixed assets are as follows:
2010 2009
Cost 3,269,753 3,451,054
Accumulated depreciation (2,924,218) (2,648,392)
Net book value 345,535 802,662
Selling price 1,883,159 1,602,761
Gain on sales of fixed assets - net 1,537,624 800,099
In 2010 and 2009, the Company disposed certain of its fixed assets with net book value of Rp116,585
and Rp227,720, respectively.
Reclassifications of cost represent reclassifications from construction in progress to the appropriate
completed fixed asset accounts and investment properties amounting to Rp57,293,513 and
Rp66,242,188, respectively, in 2010 and amounting to Rp75,043,818 and Rp29,040,631, respectively,
in 2009 (Note 12).
In 2010, the reclassification of fixed asset with net book value amounting to Rp16,227,366 to
inventories was due to change in management intention in using the related assets.
In 2010, the Company transferred certain of its fixed assets with net book value of Rp528,962 to
Perhimpunan Penghuni Rumah Susun Hunian.
The details of construction in progress as of December 31, 2010 and 2009 are as follows:
2010 2009
Percentage of Percentage of
Project Amount completion (%) Amount completion (%)
Summarecon Mall Serpong II 20,927,082 2 - -
Pahoa Dormitory 19,820,487 61 - -
Plaza Summarecon 16,868,943 35 - -
Hotel Kelapa Gading - - 52,526,456 46
Diesel generator - - 5,843,934 87
Discovery Dormitory - - 4,580,230 95
Others 5,592,097 17,043,416
Total construction in progress 63,208,609 79,994,036