Annual Report - PT SMART Tbk

PT SINAR MAS AGRO RESOURCESAND TECHNOLOGY Tbk DAN ANAK PERUSAHAANCatatan atas Laporan Keuangan Konsolidasi31 Desember 2010 dan 2009 serta untuk Tahun-tahunyang Berakhir pada Tanggal Tersebut(Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain)PT SINAR MAS AGRO RESOURCESAND TECHNOLOGY Tbk AND ITS SUBSIDIARIESNotes to Consolidated Financial StatementsDecember 31, 2010 and 2009 andFor the Years then Ended(Expressed in Million Rupiah, Unless Otherwise Stated)2. Ikhtisar Kebijakan Akuntansi dan PelaporanKeuangan Pentinga. Dasar Penyusunan dan PengukuranLaporan Keuangan KonsolidasiLaporan keuangan konsolidasi disusunsesuai dengan prinsip dan praktekakuntansi yang berlaku umum di Indonesia,yakni Pernyataan Standar AkuntansiKeuangan (PSAK) dan peraturan BadanPengawas Pasar Modal dan LembagaKeuangan (Bapepam dan LK) No. VIII.G.7tanggal 13 Maret 2000, dan Surat Edarandari Bapepam dan LK No. SE-02/PM/002Lampiran 13, tanggal 27 Desember 2002,tentang Pedoman Penyajian danPengungkapan Laporan Keuangan Emitenatau Perusahaan Publik dalam IndustriPerkebunan.Dasar pengukuran laporan keuangankonsolidasi ini adalah konsep biayaperolehan (historical cost), kecualibeberapa akun tertentu disusunberdasarkan pengukuran lain,sebagaimana diuraikan dalam kebijakanakuntansi masing-masing akun tersebut.Laporan keuangan konsolidasi ini disusundengan metode akrual, kecuali laporanarus kas.Laporan arus kas konsolidasi disusundengan menggunakan metode langsungdengan mengelompokkan arus kas dalamaktivitas operasi, investasi dan pendanaan.2. Summary of Significant Accounting andFinancial Reporting Policiesa. Basis of Consolidated FinancialStatements Preparation andMeasurementThe consolidated financial statements havebeen prepared using accounting principlesand reporting practices generally acceptedin Indonesia, such as the Statements ofFinancial Accounting Standards (PSAK)and the regulations of the Capital Marketand Financial Institutions SupervisoryAgency (Bapepam-LK) No. VIII.G.7 datedMarch 13, 2000 and Circular Letter ofBapepam-LK No. SE-02/PM/002 Appendix13, dated December 27, 2002, regarding“Guidelines on Preparation and Disclosureof Financial Statements of Issuers orPublicly Listed Companies in PlantationsIndustry”. Such consolidated financialstatements are an English translation of theCompany and its subsidiaries’ statutoryreport in Indonesia, and are not intended topresent the financial position, results ofoperations and cash flows in accordancewith accounting principles and reportingpractices generally accepted in othercountries and jurisdictions.The measurement basis used is thehistorical cost, except for certain accountswhich are measured on the basesdescribed in the related accountingpolicies. The consolidated financialstatements, except for the consolidatedstatements of cash flows, are preparedunder the accrual basis of accounting.The consolidated statements of cash flowsare prepared using the direct method withclassifications of cash flows into operating,investing and financing activities.- 15 -