Tax Debt EARTH Swelling 219.42%

Tax Debt EARTH Swelling 219.42%

PT Bumi Resources Tbk (BUMI) reported as of September 2009 tax debts to be paid to swell 219.42% to U.S. $ 113,159 million compared to the previous year period only U.S. $ 35,426 million.

"As we deliver on our Roadmap will pay for it," wrote SVP Investor Relations EARTH INILAH.COM Dileep Srivastava told, last night.

As reported previously, EARTH and two subsidiary was accused of filling in tax SPT 2007 incorrectly states that the potential adverse Rp2 trillion.

Directorate General of Taxation continues to investigate the three companies. EARTH indicated the council tax payment of taxes reverse Rp376 billion in 2007, KPC Rp1, Arutmin 5 trillion and U.S. $ 39 million. Corruption Eradication Commission (KPK) plans will be involved in its implementation.

However, the Earth still have the option to pay a fine of tax arrears equal to 4 times the basic value of arrears. This means the total taxes and penalties to be paid to reach Rp10, 5 billion. This can be done the company in litigation, if they proved to have the tax arrears.

Until this story down, the stock exchange authorities were still awaiting clarification related EARTH management involving tax arrears subsidiary largest coal companies in Indonesia.

Earth is also reported to have no short-term loans. When referring to 2008, short-term loans. For long-term loans, the company noted swollen 128.412% to U.S. $ 1640 billion a year earlier than the period of only U.S. $ 718,096 million.

In addition to the loan notes membengkang, this coal company also reported an increase in convertible bonds of U.S. $ 101.244 million 326.832% jump to U.S. $ 468,590 million.

Dileep was asserted, this convertible bonds to support the investment budget for the Earth for two billion dollars more until 2013, either for business or copper coal, gold and iron ore in Dairi, Gorontalo, Palu, and Mauritania. The other half needs to be funded from loans which have gained most from the new debt today.

There is also expansion and phenomenal new company is buying shares divestment of PT Newmont Nusa Tenggara for 24 percent valued at U.S. $ 884.6 million. "However, the Earth was still recorded performance continues to grow," he said.