PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Three months ended March 31, 2007 and 2006 Expressed in rupiah, unless otherwise stated
38
18. RETAINED EARNINGS
In compliance with Corporation Law No. 1 of 1995 dated March 7, 1995, which requires companies to set aside, on a gradual basis, an amount equivalent to at least 20 of their subscribed capital as
general reserve, the shareholders approved the partial appropriation of the Company’s retained earnings as general reserve during their annual general meetings held on June 28, 2006, June 16,
2005, June 23, 2004, June 26, 2003, June 24, 1997 and June 25, 1996 in the amount of Rp25 billion each.
19. SEGMENT INFORMATION BUSINESS SEGMENTS
The Company and Subsidiaries’ businesses are grouped into three major operating businesses: cement, ready mix concrete and other business.
The main activities of each operating business are as follows: Cement
: Produce and sell several types of cement Ready mix concrete
: Produce and sell ready mix concrete Other business
: Invest in associated company
The Company and Subsidiaries’ business segment information is as follows:
2007 Cement
Ready Mix Concrete Other Business
Elimination Consolidation
REVENUES Sales to external customers
1,424,332,793,985 56,265,738,273
- -
1,480,598,532,258 Inter-segment sales
24,567,963,002 -
- 24,567,963,002
-
Total Revenues 1,448,900,756,987
56,265,738,273 -
24,567,963,002 1,480,598,532,258
RESULTS Segment results
164,344,732,956 2,200,961,616
- -
162,143,771,340 Equity in net earnings of
associated companies -
- 2,024,603,805
- 2,024,603,805
Corporate income tax expense
51,670,433,390 NET INCOME
112,497,941,755 ASSETS AND LIABILITIES
Segment assets 9,782,910,188,519
117,967,980,550 2,795,707,064
400,522,629,668 9,503,151,246,465
Long-term investments and advances to associated
companies - net -
- 51,275,799,728
- 51,275,799,728
Net deferred tax assets and prepayments of
income taxes 17,314,138,735
7,216,595,304 -
- 24,530,734,039
Total Assets 9,800,224,327,254
125,184,575,854 54,071,506,792
400,522,629,668 9,578,957,780,232
Segment liabilities 3,166,283,569,786
48,210,401,258 -
401,005,058,915 2,813,488,912,129
Net deferred tax liabilities 611,620,857,604
- -
- 611,620,857,604
Total Liabilities - excluding deferred gain on sale-and-
leaseback transactions - net 3,777,904,427,390 48,210,401,258
- 401,005,058,915
3,425,109,769,733
Capital expenditures 73,320,642,306
315,913,193 -
- 73,636,555,499
Depreciation, amortization and depletion expenses
130,590,901,152 1,756,528,544
- -
132,347,429,696 Non-cash expenses other than
depreciation, amortization and depletion expenses:
Provision for post-retirement benefits
9,117,631,500 338,951,750
- -
9,456,583,250 Provision for healthcare benefits
767,937,750 -
- -
767,937,750 Provisions for doubtful accounts
and inventory losses -
142,880,000 -
- 142,880,000
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Three months ended March 31, 2007 and 2006 Expressed in rupiah, unless otherwise stated
39
19. SEGMENT INFORMATION continued
