These consolidated financial statements are originally issued in Indonesian language.
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Nine months ended September 30, 2008 and 2007 Expressed in rupiah, unless otherwise stated
17
3. CASH AND CASH EQUIVALENTS
The details of cash and cash equivalents are as follows:
2008 2007
Cash on hand 1,181,877,117
981,958,097 Cash in banks
PT Bank Central Asia Tbk Rupiah
14,040,965,543 26,935,442,779
Euro EUR448,208 in 2008 and EUR793,756
in 2007
6,163,508,445 10,269,611,635
U.S. dollar US483,822 in 2008 and US786,659
in 2007
4,537,281,497 7,187,703,374
PT Bank Mandiri Persero Tbk Rupiah
26,337,808,895 25,690,659,681
U.S. dollar US58,163 in 2008 and US68,118
in 2007
545,452,614 622,397,181
Euro EUR1,820 in 2008 and EUR12,093
in 2007
25,028,033 156,457,293
ABN-AMRO Bank
N.V. Singapore
dollar Sin683,827
4,508,855,409 -
Japanese yen JP¥25,611,812 in 2008 and JP¥2,273,756
in 2007
2,267,421,400 180,427,541
Rupiah 2,009,498,861
1,868,516,803 U.S. dollar US180,727 in 2008 and
US1,638,286 in
2007 1,694,854,055
14,969,023,568 Euro EUR81,815 in 2008 and
EUR1,321,193 in
2007 1,125,069,663
17,093,589,212 Standard
Chartered Bank
U.S. dollar US217,757 in 2008 and
US88,255 in
2007 2,042,127,866
806,383,742 Rupiah
100,519,145 372,039,179
The Hongkong and Shanghai Banking Corporation
Ltd., Jakarta
Branch Rupiah
1,261,826,695 3,011,570,683
Others Rupiah
5,078,755,234 4,901,955,166
U.S. dollar US53,821 in 2008 and US53,667
in 2007
504,730,618 490,353,552
Rupiah time deposits PT Bank Central Asia Tbk
96,500,000,000 61,500,000,000
ABN-AMRO Bank
N.V. 47,000,000,000
225,000,000,000 PT Bank Mandiri Persero Tbk
640,000,000 -
PT Bank NISP Tbk 479,000,000
479,000,000 U.S. dollar time deposits
PT Bank Central Asia Tbk US4,687,500 43,959,375,000
- ABN-AMRO
Bank N.V.
US4,500,000 -
41,116,500,000
Total 262,003,956,090
443,633,589,486
These consolidated financial statements are originally issued in Indonesian language.
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Nine months ended September 30, 2008 and 2007 Expressed in rupiah, unless otherwise stated
18
3. CASH AND CASH EQUIVALENTS continued
Ranges of interest rates per annum:
2008 2007
Rupiah time deposits 6.00 - 9.65 6.25 - 8.85
U.S. dollar time deposits 2.25 - 4.50 5.00 - 5.15
4. TRADE RECEIVABLES
The details of trade receivables are as follows:
2008 2007
Related Party Note 23 Cement
business HCT Services Asia Pte., Ltd., Singapore
US2,206,513 in 2008 and US9,867,268
in 2007
20,692,675,163 90,157,225,980
Third Parties
Cement business
Rupiah 853,657,228,619
698,357,514,783 U.S. dollar US1,362,582 in 2008 and
US811,326 in
2007 12,778,289,307
7,413,086,850 Ready mix conrete and aggregates quarry
businesses 146,469,005,825
82,930,477,807 Allowance for doubtful accounts
11,599,454,346 11,295,820,287
Net 1,001,305,069,405
777,405,259,153
The movements of allowance for doubtful accounts are as follows:
2008 2007
Balance at beginning of year 12,664,975,199
11,067,732,391 Provision during the period
360,000,000 360,000,000
Reversal of allowance on doubtful accounts during the period
1,425,520,853 -
Receivables written off during the period -
131,912,104
Balance at end of period 11,599,454,346
11,295,820,287
Based on the review of the status of the individual receivable accounts at the end of the year, management believes that the above allowance for doubtful accounts is sufficient to cover any
possible losses that may arise from uncollectible accounts.
These consolidated financial statements are originally issued in Indonesian language.
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Nine months ended September 30, 2008 and 2007 Expressed in rupiah, unless otherwise stated
19
4. TRADE RECEIVABLES continued
