PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years ended December 31, 2005 and 2004 Expressed in rupiah, unless otherwise stated
39
18. COST OF REVENUES
The details of cost of revenues are as follows:
2005 2004
Raw materials used 569,145,339,144
475,718,562,279 Direct labor
316,258,057,426 249,499,085,410
Fuel and power 1,590,501,145,662 1,273,757,404,715
Manufacturing overhead 880,281,762,085
806,608,441,317 Total Manufacturing Cost
3,356,186,304,317 2,805,583,493,721 Work in Process Inventory
At beginning of year 75,301,148,375
87,803,081,247 At end of year
108,997,225,500 75,301,148,375
Cost of Goods Manufactured 3,322,490,227,192 2,818,085,426,593
Finished Goods Inventory At beginning of year
35,836,142,073 55,054,132,871
Others 2,348,546,004
91,680,850 At end of year
68,680,550,631 35,836,142,073
Cost of Goods Sold before Packing Cost 3,287,297,272,630 2,837,395,098,241
Packing Cost 285,157,362,997
255,024,080,688
Total Cost of Revenues 3,572,454,635,627 3,092,419,178,929
Liabilities related to manufacturing costs which had been incurred but not yet billed to the Company and Subsidiaries amounted to Rp76,713,817,907 and Rp24,190,114,651 as of December 31, 2005 and
2004, respectively, and are presented as part of “Accrued Expenses” in the consolidated balance sheets.
There are no aggregate purchases from any individual supplier which exceeded 10 of consolidated revenues.
19. OPERATING EXPENSES
The details of operating expenses are as follows:
2005 2004
Delivery and Selling Expenses Delivery, loading and transportation
524,162,267,123 425,107,511,483
Salaries, wages and employees’ benefits see Note 20 32,253,290,296
26,706,216,790 Advertising and promotion
13,475,309,224 32,503,498,629
Rental 9,738,195,677
6,269,197,371 Professional fees
5,769,974,561 5,321,069,298
Taxes and licenses 5,539,810,792
2,796,318,145 Depreciation
4,799,578,186 4,956,816,706
Research and testing 3,537,924,835
2,221,085,790 Electricity and water
2,677,467,090 2,531,340,854
Association and membership dues 2,395,946,530
2,186,527,906 Medical expense
2,198,689,406 861,578,958
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years ended December 31, 2005 and 2004 Expressed in rupiah, unless otherwise stated
40
19. OPERATING EXPENSES continued 2005
