PT Summarecon Agung Tbk | Laporan Tahunan 2010 Annual Report

These consolidated financial statements are originally issued in Indonesian language.
42. SUBSEQUENT EVENTS
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)
a. In relation to the lawsuit filed by Emma Hernasari (plantiff) against Kiswantara Partadiredja
(defendant) and BMS (co-defendant II) (Note 39d), on January 28, 2011, the North Jakarta High
Court refused to continue the defendants’ appeal to the Supreme Court, since the appeal did not
fulfill formal requirements.
b. In the stockholders’ annual meeting on February 4, 2011, the stockholders of GO, a Subsidiary,
approved the distribution of cash dividend for financial year 2010 of Rp37,196,500. At the same
time, the stockholders of GO also approved the distribution of interim cash dividend for financial
year 2011 amounting to Rp30,433,500. The dividends were fully paid on February 9, 2011.
43. ECONOMIC CONDITIONS
The operations of the Company and Subsidiaries may be affected by the weakening global financial
condition if it continues and sustains in years to come. Economic improvements and sustained
recovery are dependent upon several factors, such as political situation, national stability, fiscal and
monetary actions being undertaken by the Government and others, actions that are beyond the control
of the Company and Subsidiaries.
44. RECLASSIFICATION OF ACCOUNT
Fixed assets with net book value of Rp10,751,819 reported in the 2009 consolidated financial
statements were reclassified to “Other Assets” to conform with the 2010 consolidated financial
statement presentation.
45. COMPLETION OF THE CONSOLIDATED FINANCIAL STATEMENTS
The management of the Company and Subsidiaries are responsible for the preparation of the
consolidated financial statements that were completed on March 16, 2011.
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