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
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2010 and 2009
(Expressed in thousands of rupiah, unless otherwise stated)
25. ADDITIONAL PAID-IN CAPITAL - NET (continued)
53
2010 2009
Stock dividend in 2002 5,961,228 5,961,228
Increase in the issued and fully paid capital stock
in 2005 - net of share issuance cost of
Rp814,720 (Note 1b) 62,416,580 62,416,580
Bonus shares through capitalization of additional
paid-in capital to capital stock in 2006 (Note 1b) (78,688,192) (78,688,192)
Increase in the issued and fully paid capital
stock in 2007 - net of share issuance
cost of Rp7,628,909 (Note 24) 359,582,653 359,582,653
Increase in the issued and fully paid capital
stock in 2008 from the exercise of warrants
- net of warrant issuance cost of Rp150,000
(Note 24) 4,642,623 4,642,623
Bonus shares through capitalization of additional
paid-in capital to capital stock in 2008
(Note 24) (321,789,380) (321,789,380)
Increase in additonal paid-in capital
from the exercise of warrants in 2009
(Note 24) 455,871 455,871
Increase in additonal paid-in capital
from the exercise of warrants in 2010
(Note 24) 196,353,091 -
Net 245,355,554 49,002,463
26. APPROPRIATED RETAINED EARNINGS - RESERVE FUND
In accordance with Article No. 70 of the Indonesian Corporation Law No. 40 of 2007, the Company
must allocate a certain portion of its annual net income for the establishment of a reserve to an amount
equivalent to 20% of its issued capital stock.
In the stockholders’ annual general meeting held on May 5, 2010 and June 5, 2009, the stockholders
approved to appropriate retained earnings for reserve fund amounting to Rp1,673,427 and Rp941,450,
respectively.
As of March 31, 2010 and 2009, the balances of the general reserve are less than 20% of the issued
and fully paid capital stock. The additional reserve will be made after obtaining the approval from the
stockholders in their next annual meeting.
27. CASH DIVIDENDS
In the stockholders’ annual meetings held on May 5, 2010 and June 5, 2009, the Company’s
stockholders approved the distribution of cash dividends of Rp8 (full amount) per share or
Rp54,647,222 in 2010 and Rp3 (full amount) per share or Rp19,307,363 in 2009.
As of December 31, 2010 and 2009, the outstanding dividends payable amounted to Rp466,800 and
Rp545,177, respectively, which are presented as part of other payables in the consolidated balance
sheets (Note 17).