PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2010 AND 2009 AND FOR THE NINE MONTHS PERIOD THEN ENDED Continued
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4. TRADE ACCOUNTS RECEIVABLE
Management believes that all of the above receivables are collectible thus no allowance for doubtful accounts was provided.
PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2010 AND 2009 AND FOR THE NINE MONTHS PERIOD THEN ENDED Continued
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5. INVENTORIES
Management believes that the allowances for decline in value and obsolescence of inventories are adequate to cover possible losses on decline in value and obsolescence of inventories, and
management believes that the carrying value of inventories represent their net realizable values.
6. DUE FROM AND DUE TO RELATED PARTIES
The due from and due to the following related parties resulted mainly from sales and purchases of indirect materials, by products and other operational activities of the Company and its subsidiaries
with its related parties Note 24. These amount due from and due to related parties are unsecured, non
– interest bearing and have no definite repayment terms.
Management believes that the above mentioned due from related parties are fully collectible, thus, no allowance for doubtful accounts was provided.
PT. TUNAS BARU LAMPUNG Tbk AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2010 AND 2009 AND FOR THE NINE MONTHS PERIOD THEN ENDED Continued
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7. OTHER LONG-TERM INVESTMENT
Debt security PT Bank CIMB Niaga, Tbk represented in Rupiah with fixed interest is 11.3 p.a and paid quarterly. The debt security will matured on July 8, 2017
8.
REAL ESTATE ASSETS
This account represents the remaining units of term used rights hak pakai berjangka in buildings under BOT, with details as follows:
Management believes that the carrying value of real estate assets does not exceed the replacement cost or recoverable amount from the sale or use of the assets, and there was no
impairment in value of the aforementioned assets.
9. PLANTATIONS
