PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years ended December 31, 2005 and 2004 Expressed in rupiah, unless otherwise stated
43
21. 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 2005
2004 2005
2004
Trade Receivables - Related Party HCT Services Asia Pte., Ltd., Singapore
47,897,758,168 30,985,951,840
0.45 0.32
Due from Related Parties Officers and employees
56,412,697,184 66,757,782,857
0.54 0.68
Others each below Rp1 billion 811,880,849
346,366,462 0.01
0.01 Total
57,224,578,033 67,104,149,319
0.55 0.69
Trade Payables - Related Party HCT Services Asia Pte., Ltd., Singapore
2,278,762,995 -
0.05 -
Due to Related Parties PT Pama Indo Mining
5,695,739,069 1,565,186,507
0.12 0.03
HCT Services Asia Pte., Ltd., Singapore -
239,896,691 -
0.01 Total
5,695,739,069 1,805,083,198
0.12 0.04
Long-term Loans HC Finance B.V., Netherlands
1,474,500,000,000 -
30.05 -
WestLB AG, Tokyo -
84,043,308,360 -
1.64 WestLB Asia Pacific Ltd., Singapore
- 15,028,299,317
- 0.29
Total 1,474,500,000,000
99,071,607,677 30.05
1.93 Net Revenues
HCT Services Asia Pte., Ltd., Singapore 676,734,161,531
605,113,845,195 12.10
13.11 Cost of Revenues
PT Pama Indo Mining 34,440,355,788
35,966,968,923 0.96
1.16 HCT Services Asia Pte., Ltd., Singapore
17,475,453,600 13,250,696,699
0.49 0.43
Total 51,915,809,388
49,217,665,622 1.45
1.59 Operating Expenses
Stillwater Shipping Corporation see Note 22c 27,912,394,000
24,036,557,926 3.46
3.50 HeidelbergCement Technology Center GmbH
1,314,420,421 813,851,938
0.16 0.12
29,226,814,421 24,850,409,864
3.62 3.62
Other Income Expenses HC Finance B.V., Netherlands
64,901,837,358 -
42.09 -
PT Cibinong Center Industrial Estate 2,744,208,070
2,648,347,296 1.78
0.40 Total
67,646,045,428 2,648,347,296
43.87 0.40
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
Years ended December 31, 2005 and 2004 Expressed in rupiah, unless otherwise stated
44
21. TRANSACTIONS AND ACCOUNTS WITH RELATED PARTIES continued
