PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Nine months ended September 30, 2005 and 2004 Expressed in rupiah, unless otherwise stated
35
13. CAPITAL STOCK a. Share Ownership
The details of share ownership as of September 30, 2005 and 2004 are as follows: Number of Shares
Percentage Issued and
of Shareholders
Fully Paid Ownership
Amount HC Indocement GMBH, Germany
2,397,980,863 65.14 1,198,990,431,500
PT Mekar Perkasa 479,735,234
13.03 239,867,617,000
Public and cooperatives 803,515,602
21.83 401,757,801,000
Total 3,681,231,699
100.00 1,840,615,849,500
The Company’s shares are listed on the Jakarta and Surabaya Stock Exchanges. b. Warrants A
Warrants A were issued to the creditors of the Company in connection with the debt restructuring at a fixed realization price of Rp3,600 per share. The period of realization of Warrants A shall be from
two 2 to four 4 years and nine 9 months after the effective date of the debt restructuring which was on December 29, 2000.
As of September 29, 2005 the last exercise date for Warrants A, no Warrant A has been exercised by the holders of Warrants A. A total of 153,382,977 Warrants A was forfeited.
All of the above warrants, which are issued at no cost, are naked warrants and listed on the Jakarta and Surabaya Stock Exchanges.
14. ADDITIONAL PAID-IN CAPITAL
This account represents the excess of the amounts received andor the carrying value of converted debentures and bonds over the par value of the shares issued after offsetting all the expenses related
to the issuance of equity securities. 15. OTHER PAID-IN CAPITAL
This account represents the difference between the agreed exchange rate for the conversion of the foreign currency debentures into equity and the exchange rate at the date of the transaction.
16. RETAINED EARNINGS
In compliance with Corporation Law No. 1 of 1995 dated March 7, 1995, which requires companies to set aside, on a gradual basis, an amount equivalent to at least 20 of their subscribed capital as
general reserve, the shareholders approved the partial appropriations of the Company’s retained earnings as general reserve during their annual general meetings held on June 16, 2005, June 23,
2004, June 26, 2003, June 24, 1997 and June 25, 1996 in the amount of Rp25 billion each.
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Nine months ended September 30, 2005 and 2004 Expressed in rupiah, unless otherwise stated
36
17. SEGMENT INFORMATION BUSINESS SEGMENTS
