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
19
4. TRADE RECEIVABLES continued
The aging of trade receivables based on their currency denominations as of September 30, 2008 and 2007 is as follows:
2008
Currency U.S. Dollar
Rupiah Equivalent Rupiah
Total Current
786,925,463,850 23,716,810,089 810,642,273,939
Overdue: 1 - 30 days
144,960,932,616 9,754,154,381 154,715,086,997
31 - 60 days 36,354,130,539
- 36,354,130,539 61 - 90 days
17,380,635,601 - 17,380,635,601
Over 90 days 14,505,071,838
- 14,505,071,838
Total 1,000,126,234,444
33,470,964,470 1,033,597,198,914
2007
Currency U.S. Dollar
Rupiah Equivalent Rupiah
Total Current
721,321,639,657 85,166,015,254
806,487,654,911 Overdue:
1 - 30 days 27,131,994,697
12,404,297,576 39,536,292,273 31 - 60 days
3,698,052,903 -
3,698,052,903 61 - 90 days
4,398,699,996 -
4,398,699,996 Over 90 days
24,737,605,337 - 24,737,605,337
Total 781,287,992,590
97,570,312,830 878,858,305,420 5. OTHER
RECEIVABLES
The details of other receivables are as follows:
2008 2007
Payments for tax assessments being contested -
5,502,658,681 Others
5,483,366,839 8,756,233,558
Total 5,483,366,839
14,258,892,239 Allowance for doubtful accounts
169,499,194 7,271,980,358
Net 5,313,867,645
6,986,911,881
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
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 Receivables written off during the period
5,502,658,681 -
Reversal of allowance on doubtful accounts collected during the period
410,943,000 100,000,000
Balance at end of period 169,499,194
7,271,980,358
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
