These consolidated financial statements are originally issued in Indonesian language.
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Three months ended March 31, 2008 and 2007 Expressed in rupiah, unless otherwise stated
19
4. TRADE RECEIVABLES continued
The aging of trade receivables based on their currency denominations as of March 31, 2008 and 2007 is as follows:
2008
Currency U.S. Dollar
Rupiah Equivalent Rupiah
Total Current
678,838,086,679 15,192,162,739
694,030,249,418 Overdue:
1 - 30 days 41,935,481,962
5,161,106,525 47,096,588,487
31 - 60 days 6,090,241,027
158,645,304 6,248,886,331
61 - 90 days 4,713,619,055
- 4,713,619,055
Over 90 days 15,986,333,156
- 15,986,333,156
Total 747,563,761,879
20,511,914,568 768,075,676,447
2007
Currency U.S. Dollar
Rupiah Equivalent Rupiah
Total Current
496,813,490,531 53,422,603,080
550,236,093,611 Overdue:
1 - 30 days 25,085,061,562
14,607,962,389 39,693,023,951 31 - 60 days
7,270,191,894 -
7,270,191,894 61 - 90 days
5,952,387,351 -
5,952,387,351 Over 90 days
26,869,458,092 - 26,869,458,092
Total 561,990,589,430
68,030,565,469 630,021,154,899
5. OTHER RECEIVABLES
The details of other receivables are as follows:
2008 2007
Payments for tax assessments being contested 5,502,658,681
5,502,658,681 Others
8,054,059,741 8,370,213,031
Total 13,556,718,422
13,872,871,712 Allowance for doubtful accounts
5,883,135,875 7,371,980,358
Net 7,673,582,547
6,500,891,354
These consolidated financial statements are originally issued in Indonesian language.
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Three months ended March 31, 2008 and 2007 Expressed in rupiah, unless otherwise stated
20
5. OTHER RECEIVABLES continued
The movements of allowance for doubtful accounts are as follows:
2008 2007
Balance at beginning of year 6,083,100,875
7,371,980,358 Reversal of allowance on doubtful accounts
collected during the period 199,965,000
-
Balance at end of period 5,883,135,875
7,371,980,358
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.
6. INVENTORIES
