PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31,2008 AND 2007 AND FOR THE THREE MONTHS PERIOD THEN ENDED Continued
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3. CASH AND CASH EQUIVALENTS
PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31,2008 AND 2007 AND FOR THE THREE MONTHS PERIOD THEN ENDED Continued
- 14 - Average interest rate per annum for deposits in 2008 ranges from 2 - 8 and 9 - 11,25
in 2007.
4. Short
– Term Investment
The Company‟s short – term investments consist of Negotiable Certificates of Deposits NCD which were placed in:
Average interest rate per annum for NCD in 2008 niil and 8,75 in 2007.
PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31,2008 AND 2007 AND FOR THE THREE MONTHS PERIOD THEN ENDED Continued
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5. TRADE ACCOUNTS RECEIVABLE
Management believes that all of the above receivables are collectible thus no allowance for doubtful accounts was provided.
PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31,2008 AND 2007 AND FOR THE THREE MONTHS PERIOD THEN ENDED Continued
- 16 -
6. INVENTORIES
Management believes that the allowances for decline in value of inventories and obsolescence are adequate to cover possible losses on decline in value of inventories and obsolescence.
7. DUE FROM AND DUE TO RELATED PARTIES
The due from and due to the following related parties resulted mainly from sales and purchases of indirect materials, by products and other operational activities of the Company and its subsidiaries
with its related parties Note 26. These due from and due to related parties are unsecured, non
– interest bearing and have no definite repayment terms.
Management believes that the above mentioned due from related parties are fully collectible, thus, no allowance for doubtful accounts was provided.
PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31,2008 AND 2007 AND FOR THE THREE MONTHS PERIOD THEN ENDED Continued
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8. REAL ESTATE ASSETS
