PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Six months ended June 30, 2006 and 2005 Expressed in rupiah, unless otherwise stated
43
22. 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 2006
2005 2006
2005
Trade Receivables - Related Party HCT Services Asia Pte., Ltd., Singapore
78,724,521,855 45,622,131,754
0.77 0.45
Due from Related Parties Officers and employees
52,521,443,062 61,131,927,052
0.51 0.61
Others each below Rp1 billion 1,664,956,676
231,248,038 0.02
0.01 Total
54,186,399,738 61,363,175,090
0.53 0.62
Trade Payables - Related Party HCT Services Asia Pte., Ltd., Singapore
245,387,341 1,149,758,998
0.01 0.01
Due to Related Parties PT Pama Indo Mining
4,882,969,476 8,129,353,445
0.05 0.08
Long-term Loans HC Finance B.V., Netherlands
1,395,000,000,000 1,456,950,000,000
13.60 14.55
WestLB AG, Tokyo -
51,788,764,029 -
0.52 WestLB Asia Pacific Ltd., Singapore
- 9,260,666,561
- 0.09
Total 1,395,000,000,000
1,517,999,430,590 13.60
15.16 Net Revenues
HCT Services Asia Pte., Ltd., Singapore 449,325,085,879
302,041,173,777 14.67
11.90 Cost of Revenues
PT Pama Indo Mining 19,152,211,046
15,838,631,490 0.98
0.97 HCT Services Asia Pte., Ltd., Singapore
7,992,161,100 5,600,378,160
0.41 0.34
Total 27,144,372,146
21,439,009,650 1.39
1.31 Operating Expenses
Stillwater Shipping Corporation see Note 23c 13,398,360,000
13,156,898,000 2.78
3.64 HeidelbergCement Technology Center GmbH
734,140,859 622,436,776
0.15 0.17
14,132,500,859 13,779,334,776
2.93 3.81
Other Income Expenses HC Finance B.V., Netherlands
45,594,586,668 21,916,712,157
34.22 21.30
PT Cibinong Center Industrial Estate 1,252,579,186
1,326,692,241 0.94
1.29 Total
46,847,165,854 23,243,404,398
35.16 22.59
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
Six months ended June 30, 2006 and 2005 Expressed in rupiah, unless otherwise stated
44
22. TRANSACTIONS AND ACCOUNTS WITH RELATED PARTIES continued
