PT Ciputra Development Tbk And Subsidiaries

PT CIPUTRA DEVELOPMENT Tbk AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)For Nine Months Ended 30 September 2006 and 2005(In Rupiah)Detail of land for development is as follows:2006 2005Projects Location In hectares In hectaresPerumahan Citra Jakarta 12 61CitraRaya Tangerang 603 597CitraIndah Bogor 19 11Segitiga Emas Jakarta - 3Total 634 672On 30 September 2006, land for development is excluded land for development of PT Cakradigdaya Lokarayaand PT Sarananeka Indahpancar amounting to Rp 381,744,725,993 since the financial statement of thosesubsidiaries are no longer consolidated into the Company’s financial statement (see Notes 1c and 26).In 2005, land for development of Rp 635,013,777,193 has been transferred to inventory of land lots and toproperty and equipment account amounting to Rp 558,998,222,909 and Rp 76,015,554,284, respectively (seeNotes 7 and 10).Total interests capitalized as part of the land for development for nine months ended 30 September 2006 and2005 amounted to Rp 2,857,611,864 and Rp 2,975,771,845, respectively. The related accumulated capitalizedinterests and foreign exchange losses into land for development amounting to Rp 261,112,942,300 andRp 582,848,514,856 as of 30 September 2006 and 2005, respectively.The management of the Company and subsidiaries believe that there are no changes in circumstances thatindicate material impairment of land for Development as of 30 September 2006 and 2005.10. PROPERTY AND EQUIPMENTThe details of property and equipment are as follows:2006Beginning Additions/ Deductions/ EndingBalance Reclassification Reclassification BalanceCostDirect ownershipLandrights 61,083,716,673 1,631,318,111 - 62,715,034,784Buildings 989,195,631,894 23,710,006,489 2,338,124,255 1,010,567,514,128Golf course 44,014,000,552 41,725,000 - 44,055,725,552Furniture and fixtures 72,567,474,054 9,876,082,116 1,314,129,490 81,129,426,680Transportation equipment 9,070,888,769 1,103,246,269 357,914,790 9,816,220,248Project and golf equipment 26,142,275,317 4,461,759,563 108,696,304 30,495,338,5761,202,073,987,259 40,824,137,548 4,118,864,839 1,238,779,259,968Construction in progressBuildings 149,690,584,547 - 145,862,892,378 3,827,692,169Total 1,351,764,571,806 40,824,137,548 149,981,757,217 1,242,606,952,137Accumulated DepreciationDirect ownershipBuildings 227,260,123,208 25,159,595,928 - 252,419,719,136Golf course 20,889,562,031 1,700,979,470 - 22,590,541,501Furniture and fixtures 40,071,801,270 8,024,065,693 2,400,000 48,093,466,963Transportation equipment 5,676,632,341 508,195,740 175,580,606 6,009,247,475Project and golf equipment 18,468,329,104 1,431,986,132 - 19,900,315,236Total 312,366,447,954 36,824,822,963 177,980,606 349,013,290,311Net Book Value 1,039,398,123,852 893,593,661,82618