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
26
10. TRADE PAYABLES TO THIRD PARTIES continued
2007
Foreign Currencies
Rupiah Rupiah Equivalent
Total Current
88,151,167,069 -
88,151,167,069 Overdue:
1 - 30 days
18,137,497,668 10,417,169,287
28,554,666,955 31
- 60 days 1,853,987,457 4,058,040,159
5,912,027,616 61
- 90 days 1,799,999,037 4,078,578,335
5,878,577,372 Over 90 days
4,685,755,893 6,295,230,909
10,980,986,802
Total 114,628,407,124
24,849,018,690 139,477,425,814
The above trade payables arose mostly from purchases of raw materials and other inventories from the Company’s main suppliers as follows:
Suppliers Materials Supplied
Pertambangan Minyak dan Gas Bumi Negara PERTAMINA Fuel
PT Adaro Indonesia Coal
PT Baramulti Sugih Sentosa Coal
PT Masa Jaya Perkasa Coal
PT Trubaindo Coal Mining Coal
PT Arutmin Indonesia Coal
PT Politama Pakindo Woven paper
Hagihara West Java Industries Woven paper
Fujian Qingshan Paper Industry Co., Ltd. Kraft paper
Billerud AB Kraft paper
Mondi Packaging Paper Kraft paper
Itochu Co. Gypsum
Topniche Maritime Pte. Ltd. Gypsum
Refratechnik Asia Ltd. Fire Bricks
11. TAXATION
a. Taxes Payable
2008 2007
Income taxes
Article 21
14,165,730,845 16,372,193,411
Article 22
1,871,089,443 1,492,289,852
Article 23
2,656,117,411 1,958,498,542
Article 25
28,216,348,816 15,610,175,461
Article 26
191,178,078 549,588,002
Article 29
252,114,645,705 122,772,430,625
Value added
tax 28,853,335,707
27,826,774,720 Others
115,540,059 -
Total 328,183,986,064
186,581,950,613
b. The reconciliation between income before corporate income tax expense, as shown in the consolidated statements of income, and estimated taxable income of the Company for the nine
months ended September 30, 2008 and 2007 is as follows:
2008 2007
Income before corporate income tax expense per consolidated
statements of
income 1,757,522,052,588 1,006,437,808,563
Income of Subsidiaries before corporate income tax
expense -
net 12,470,944,533
16,071,959,804
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
27
11. TAXATION continued 2008