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
44
22. ESTIMATED LIABILITY FOR EMPLOYEE BENEFITS continued
b. Post-retirement Healthcare Benefits continued A reconciliation of estimated liability for post-retirement health care benefits is as follows:
2007 2006
Present value of defined benefit obligation 15,444,244,147
16,337,078,063 Unamortized balance of non-vested past service
costs 10,339,444,250
11,117,431,250 Actuarial gain
3,104,620,000 4,176,000
Liability recognized in the consolidated balance sheets
8,209,419,897 5,223,822,813
Movements in the estimated liability for post-retirement healthcare benefits are as follows:
2007 2006
Balance at beginning of period 7,557,608,000
4,409,314,000 Provision during the period
767,937,750 848,655,000
Payments during the period 116,125,853
34,146,187
Balance at end of period recorded as “Non-current
Liabilities - Estimated Liability for Post-retirement Healthcare Benefits” account in the consolidated
balance sheets 8,209,419,897
5,223,822,813
Non-vested past service costs are amortized over the remaining number of years of service of active employees, which is 13.84 years in 2007 and 14.61 years in 2006.
23. 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 2007
2006 2007
2006
Trade Receivables - Related Party HCT Services Asia Pte., Ltd., Singapore
60,971,894,946 46,416,931,151
0.64 0.45
Due from Related Parties Officers and employees
44,502,659,536 54,542,435,421
0.46 0.52
Others 2,386,383,389
1,538,600,985 0.02
0.02 Total
46,889,042,925 56,081,036,406
0.48 0.54
Trade Payables - Related Party HCT Services Asia Pte., Ltd., Singapore
- 2,252,157,512
- 0.05
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
45
23. TRANSACTIONS AND ACCOUNTS WITH RELATED PARTIES continued
