PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Six months ended June 30, 2007 and 2006 Expressed in rupiah, unless otherwise stated
44
23. TRANSACTIONS AND ACCOUNTS WITH RELATED PARTIES continued
Percentage to Total AssetsLiabilities
and Related Amount
IncomeExpenses 2007
2006 2007
2006
Due to Related Party PT Pama Indo Mining
2,101,806,220 4,882,969,476
0.06 0.11
Long-term Investments in Associated Company Stillwater Shipping Corporation
23,003,076,789 18,316,480,200
0.23 0.18
PT Cibinong Center Industrial Estate 21,775,032,035
19,600,352,315 0.22
0.19 PT Pama Indo Mining
9,258,792,270 8,045,427,328
0.09 0.08
Total 54,036,901,094
45,962,259,843 0.54
0.45 Long-term Loans
HC Finance B.V., Netherlands 1,358,100,000,000
1,395,000,000,000 38.84
31.20 Net Revenues
HCT Services Asia Pte., Ltd., Singapore 433,246,961,547
449,325,085,879 13.72
14.67 Cost of Revenues
PT Pama Indo Mining 20,153,178,156
19,152,211,046 0.98
0.98 HeidelbergCement Technology Center GmbH
5,677,138,758 -
0.28 -
HCT Services Asia Pte., Ltd., Singapore 5,084,244,600
7,992,161,100 0.25
0.41 Total
30,914,561,514 27,144,372,146
1.51 1.39
Operating Expenses PT Bahana Indonor
6,395,822,574 -
1.22 -
HC Fuels Limited 251,916,687
- 0.05
- Stillwater Shipping Corporation Note 24e
9,090,000 13,398,360,000
0.01 2.78
HeidelbergCement Technology Center GmbH -
734,140,859 -
0.15 Total
6,656,829,261 14,132,500,859
1.28 2.93
Other Income Expenses PT Cibinong Center Industrial Estate
2,885,873,603 1,252,579,186
4.33 0.94
HC Finance B.V., Netherlands 44,438,588,686
45,594,586,668 66.76
34.22 HeildelbergCement AG
943,451,694 760,752,361
1.42 0.57
Net 42,496,166,777
45,102,759,843 63.85
33.85
The amounts due from officers and employees are being collected through monthly salary deduction. Nature of relationship and type of transaction with the above related parties are as follows:
No. Related Parties
Nature of Relationship Type of Transaction
1. HeidelbergCement AG Shareholder
Guarantee fee 2. HCT Services Asia Pte., Ltd.,
Under Common Control Sale of finished goods and purchase of Singapore
raw materials 3. HC Finance B.V., Netherlands
Under Common Control Long-term loan 4. HeidelbergCement Technology
Under Common Control Professional fee Center GmbH
5. HC Fuels Limited Under Common Control Professional fee
6. PT Cibinong Center Industrial Estate Associated Company Sale of water and electricity 7. Stillwater Shipping Corporation
Associated Company Transportation
8. PT Pama Indo Mining A ssociated Company Mining service
8. PT Bahana Indonor Associated Company Transportation
10. Officers and employees Employees
Loan
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Six months ended June 30, 2007 and 2006 Expressed in rupiah, unless otherwise stated
45
23. TRANSACTIONS AND ACCOUNTS WITH RELATED PARTIES continued
