Page 138 - ar2012

Notes to the Financial Statements
For the fnancial year ended 31 December 2012
35. Financial risk management objectives and policies (cont’d)
(e) Liquidity risk (cont’d)
One year
or less
One to
fve years
More than
5 years Total
Rp million Rp million Rp million Rp million
Company
As at 31 December 2012
Financial liabilities:
Trade and other payables and accruals 11,311 – – 11,311
As at 31 December 2011
Financial liabilities:
Trade and other payables and accruals 7,524 – – 7,524
36. Capital management
The primary objective of the Group’s capital management is to ensure that it maintains healthy capital ratios in order to support its
business and maximize shareholder value.
Certain subsidiary companies are required to comply with loan covenants imposed by their lenders, such as maintaining the level
of existing share capital. This externally imposed requirement has been complied with by the relevant subsidiary companies for
the fnancial year ended 31 December 2012 and 2011. Additionally, certain subsidiary companies in Indonesia are required by
the new Corporate Law, effective from August 2007, to maintain a non-distributable reserve until it reaches 20% of the issued and
paid share capital. This externally imposed capital requirement will be complied by the relevant subsidiary companies by their
next annual general meeting.
The Group manages its capital structure and makes adjustments to it, in light of changes in economic conditions. To maintain or
adjust the capital structure, the Group may adjust the dividend payment to shareholders, return capital to shareholders or issue
new shares. No changes were made in the objectives, policies or processes during the years ended 31 December 2012 and 2011.
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