Bayan reports asset growth
Friday, March 30 2012 - 05:47 AM WIB
Indonesia-listed coal miner group PT. Bayan Resources Tbk has on March 29 reported up to 71.84 percent company asset growth, from Rp 8.37 trillion (US$911.46 million) in 2010 to Rp 14.38 trillion in 2011.
The growth is partially supported by the elevated long-term mining asset to Rp 4.25 trillion, delayed overburden cost of Rp 0.51 trillion, Rp 0.46 trillion of prepaid tax and current asset growth to Rp 0.67 trillion.
This has resulted in up to 20 percent change in the total asset turnover and consolidated financial report as of December 31, 2011.
In line with the growth of company assets, Bayan's total liability and equity has also increased, namely current liabilities via short term loan for third party acquisition at Rp 1.66 trillion and long term liabilities on unpaid tax of Rp 1.38 trillion.
Post equity has also gone up, namely on retained earnings at Rp 1.56 trillion and minority interests at Rp 1.60 trillion.
Editing by Er Audy Zandri