PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Nine months ended September 30, 2006 and 2005 Expressed in rupiah, unless otherwise stated
43
22. TRANSACTIONS AND ACCOUNTS WITH RELATED PARTIES
In the normal course of business, the Company and Subsidiaries entered into transactions with related parties. The significant transactions and related account balances with related parties are as follows:
Percentage to Total AssetsLiabilities
and Related Amount
IncomeExpenses 2006
2005 2006
2005
Trade Receivables - Related Party HCT Services Asia Pte., Ltd., Singapore
34,453,249,623 49,139,564,477
0.34 0.47
Due from Related Parties Officers and employees
49,571,466,752 58,680,035,201
0.49 0.56
Stillwater Shipping Corporation -
10,310,000,000 -
0.10 Others each below Rp1 billion
1,647,520,298 466,561,528
0.02 0.01
Total 51,218,987,050
69,456,596,729 0.51
0.67 Trade Payables - Related Party
HCT Services Asia Pte., Ltd., Singapore 1,565,264,054
2,806,687,701 0.02
0.03 Due to Related Parties
PT Pama Indo Mining 4,419,975,798
4,249,752,212 0.04
0.04 Long-term Loans
HC Finance B.V., Netherlands 1,385,250,000,000
1,546,500,000,000 13.68
14.93 Net Revenues
HCT Services Asia Pte., Ltd., Singapore 656,229,198,253
490,736,967,148 13.62
11.78 Cost of Revenues
PT Pama Indo Mining 30,187,959,518
24,319,235,106 0.98
0.93 HCT Services Asia Pte., Ltd., Singapore
12,948,389,000 11,764,156,560
0.42 0.45
Total 43,136,348,518
36,083,391,666 1.40
1.38 Operating Expenses
Stillwater Shipping Corporation see Note 23c 20,041,067,000
20,028,354,000 2.54
3.55 HeidelbergCement Technology Center GmbH
757,899,252 735,143,558
0.10 0.13
20,798,966,252 20,763,497,558
2.64 3.68
Other Income Expenses HC Finance B.V., Netherlands
68,893,107,887 42,143,664,552
43.79 21.47
PT Cibinong Center Industrial Estate 2,310,947,543
1,783,095,055 1.47
0.91 Total
71,204,055,430 43,926,759,607
45.26 22.38
The amounts due from officers and employees are being collected through monthly salary deduction.
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Nine months ended September 30, 2006 and 2005 Expressed in rupiah, unless otherwise stated
44
22. TRANSACTIONS AND ACCOUNTS WITH RELATED PARTIES continued
