PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Nine months ended September 30, 2007 and 2006 Expressed in rupiah, unless otherwise stated
18
4. TRADE RECEIVABLES continued 200 7
Currency U.S. Dollar
Rupiah Equivalent Rupiah
Total Current
726,928,728,6 20 79,558,926,291 806,487,654,911
Overdue: 1 - 30 days
28,937,992,584 10,598,299,689 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 788,701,079,440
90,157,225,980 878,858,305,420 2006
Currency U.S. Dollar
Rupiah Equivalent Rupiah
Total Current
569,330,942,016 31,088,752,761 600,419,694,777
Overdue: 1 - 30 days
43,744,383,865 3,364,496,862 47,108,880,727
31 - 60 days 12,913,819,531
- 12,913,819,531
61 - 90 days 5,908,552,897
- 5,908,552,897
Over 90 days 31,014,902,113
- 31,014,902,113
Total 662,912,600,422
34,453,249,623 697,365,850,045 5. OTHER RECEIVABLES
The details of other receivables are as follows:
2007 2006
Payments for tax assessments being contested 5,502,658,681
5,502,658,681 Claim for tax refund
- 5,391,795,600
Others 8,756,233,558
7,676,779,960 Total
14,258,892,239 18,571,234,241
Allowance for doubtful accounts 7 ,271,980,358
7,371,980,35 8
Net 6,986,911,881
11,199,253,883
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Nine months ended September 30, 2007 and 2006 Expressed in rupiah, unless otherwise stated
19
5. OTHER RECEIVABLES continued
The movements of allowance for doubtful accounts are as follows:
2007 2006
Balance at beginning of period 7,371,980,358
7,371,980,358 Provision during the period
- -
Receivables written off during the period -
- Reversal of allowance on doubtful accounts
collected during the period 100,000,000
-
Balance at end of period 7,271,980,358
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
Inventories consist of:
2007 2006
Finished goods 69,820,281,242
40,116,320,591 Work in process
86,968,218,414 108,838,382,098
Raw materials 244,608,116,184
201,035 ,443,003 Fuel and lubricants
137,585,380,935 156,494,785,184
Spare parts 526,463,149,886
451,964,353,942 Total
1,065,445,146,661 958,449,284,818
Allowance for losses 46,780,249,732
36,540,963,445
Net 1,018,664,896,929
921,908,321,373
With the exception of inventories owned by Ind omix Perkasa and PBI amounting to Rp 9.8 billion, all of the inventories are insured against fire and other risks under a combined insurance policy package
Note 8.
The movements of allowance for inventory losses are as follows:
2007 2006
Balance at beginning of period 50,661,601,995
38,184,113,445 Reversals during the period
3,881,352,263 1,643,150,000
Balance at end of period 46,780,249,732
36,540,963,445
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Nine months ended September 30, 2007 and 2006 Expressed in rupiah, unless otherwise stated
20
6. INVENTORIES continued
