PT Ciputra Development Tbk And Subsidiaries
PT Ciputra Development Tbk And Subsidiaries 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)18. MINORITY INTERESTSThis account represents the minority shareholders interests in the equity of the consolidated subsidiaries, asfollows:2006 2005PT Ciputra Surya Tbk and subsidiaries 671,825,400,252 547,142,517,969PT Subursejahtera Agungabadi 102,990,625,967 103,599,152,112PT Ciputra Sentra 71,072,529,172 67,575,581,468PT Buanasarana Sejatiindah 5,900,023,132 4,961,026,582PT Dimensi Serasi 4,479,815,876 4,480,088,877PT Penta Oktoneatama and subsidiary 1,328,489,741 1,179,455,197PT Ciputra Residence and subsidiaries 965,367,975 ( 19,927,489 )PT Ciputra Semarang 884,384,103 737,390,746PT Kharismasaka Pratama 638,490,393 638,865,393PT Citradimensi Serasi 586,395,198 586,470,198PT Ciputra Property and subsidiaries 452,210,611 429,588,998PT Citra Tumbuh Bahagia ( 80,325,546 ) ( 78,275,689 )PT Ciputra Adigraha - 163,626,447,253PT Putraindah Jasabangun - 448,037,877PT Sarananeka Indahpancar - 446,738,245PT Citra Adyapataka - 21,087,064PT Cakradigdaya Lokaraya - 21,023,109Jumlah 861,043,406,874 895,795,267,910The minority interests in net income (loss) of consolidated subsidiaries are Rp 106,447,273,740 and Rp54,613,010,310 for the nine months ended 30 September 2006 and 2005, respectively.19. CAPITAL STOCKThe stockholders and their respective stockholdings as of 30 September 2006 and 2005 are as follows:Number of SharesIssued and Percentage of AmountStockholders Fully Paid Ownership (Rp)PT Sang Pelopor 983,625,000 25,09% 491,812,500,000Artupic International B.V. 543,377,306 13,86% 271,688,653,000Hilliview Enterprises Inc. 352,742,928 9,00% 176,371,464,000Rollrick Holdings Ltd. 340,552,520 8,69% 170,276,260,000Mediaplus Investment Ltd. 291,902,160 7,44% 145,951,080,000Bayan Akochi* 13,975,000 0,35% 6,987,500,000Henk Wangitan* 3,158,350 0,08% 1,579,175,000Public (each below 5%) 1,390,443,648 35,49% 695,221,824,000Total 3,919,776,912 100.00% 1,959,888,456,0002006Number of SharesIssued and Percentage of AmountStockholders Fully Paid Ownership (Rp)PT Sang Pelopor 983,625,000 61,00% 491,812,500,000Bayan Akochi* 13,975,000 0,86% 6,987,500,000Henk Wangitan* 3,158,350 0,19% 1,579,175,000Public (each below 5%) 611,741,650 37,95% 305,870,825,000Total 1.612.500.000 100,00% 806.250.000.000*The Company’s commissioner272005
PT CIPUTRA DEVELOPMENT Tbk AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)For Nine Months Ended 30 September 2006 and 2005(In Rupiah)Based on Notarial Deed No. 18 dated 3 March 2006 of Tse Min Suhardi SH, as substitute of Notary BuntarioTigris Darmawa Ng, SH, the Company has issued 2,307,276,912 new shares without pre-emptive rights toArtupic International B.V. (543,377,306 shares), Hillview Enterprises Inc. (536,395,141 shares), Rollrick HoldingsLtd. (340,552,520 shares), Mediaplus Investments Ltd. (291,902,160 shares), Asiamark Pacific Ltd. (97,300,702shares), Finec Securities Ltd. (97,300,702 shares), Fine-C Capital Group Ltd. (48,650,351 shares), Marco PoloCapital Ltd. (11,245,510 shares) and Standard Chartered Bank (340,552,520 shares).The issuance of the shares above is in accordance with the Company’s debt composition plan, which becameeffective on 29 March 2006 (see Note 26).20. REVENUESThis account consists of:2006 2005Net salesLand lots 517,310,586,008 306,531,838,567Residential and shop-housesBuildings 122,742,589,045 106,805,148,473Land 96,879,135,326 94,753,619,020Sub-total 736,932,310,379 508,090,606,060Operating revenuesShopping centers 134,537,326,830 123,838,340,108Hotels 65,496,791,847 59,221,862,201Golf course 19,356,076,748 17,357,383,725Others 13,113,708,856 2,017,346,037Sub-total 232,503,904,281 202,434,932,071Total 969,436,214,660 710,525,538,13121. COST OF SALES AND DIRECT COSTThis account consists of:2006 2005Cost of salesLand lots 274,285,158,014 171,254,360,424Residential and shop-housesBuildings 63,987,118,086 71,468,001,327Land 90,233,901,060 65,296,447,049Sub-total 428,506,177,160 308,018,808,800Direct costShopping centers 39,058,637,069 29,928,815,967Hotels 29,821,682,458 29,919,775,754Golf course 12,236,427,420 11,278,031,452Others 3,610,413,563 2,071,674,556Sub-total 84,727,160,510 73,198,297,729Total 513,233,337,670 381,217,106,52928
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<strong>PT</strong> CIPUTRA DEVELOPMENT <strong>Tbk</strong> AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)For Nine Months Ended 30 September 2006 and 2005(In Rupiah)Based on Notarial Deed No. 18 dated 3 March 2006 of Tse Min Suhardi SH, as substitute of Notary BuntarioTigris Darmawa Ng, SH, the Company has issued 2,307,276,912 new shares without pre-emptive rights toArtupic International B.V. (543,377,306 shares), Hillview Enterprises Inc. (536,395,141 shares), Rollrick HoldingsLtd. (340,552,520 shares), Mediaplus Investments Ltd. (291,902,160 shares), Asiamark Pacific Ltd. (97,300,702shares), Finec Securities Ltd. (97,300,702 shares), Fine-C Capital Group Ltd. (48,650,351 shares), Marco PoloCapital Ltd. (11,245,510 shares) and Standard Chartered Bank (340,552,520 shares).The issuance of the shares above is in accordance with the Company’s debt composition plan, which becameeffective on 29 March 2006 (see Note 26).20. REVENUESThis account consists of:2006 2005Net salesLand lots 517,310,586,008 306,531,838,567Residential and shop-housesBuildings 122,742,589,045 106,805,148,473Land 96,879,135,326 94,753,619,020Sub-total 736,932,310,379 508,090,606,060Operating revenuesShopping centers 134,537,326,830 123,838,340,108Hotels 65,496,791,847 59,221,862,201Golf course 19,356,076,748 17,357,383,725Others 13,113,708,856 2,017,346,037Sub-total 232,503,904,281 202,434,932,071Total 969,436,214,660 710,525,538,13121. COST OF SALES AND DIRECT COSTThis account consists of:2006 2005Cost of salesLand lots 274,285,158,014 171,254,360,424Residential and shop-housesBuildings 63,987,118,086 71,468,001,327Land 90,233,901,060 65,296,447,049Sub-total 428,506,177,160 308,018,808,800Direct costShopping centers 39,058,637,069 29,928,815,967Hotels 29,821,682,458 29,919,775,754Golf course 12,236,427,420 11,278,031,452Others 3,610,413,563 2,071,674,556Sub-total 84,727,160,510 73,198,297,729Total 513,233,337,670 381,217,106,52928
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