PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2006 With comparative figures for 2005
Expressed in rupiah, unless otherwise stated
45
23. TRANSACTIONS AND ACCOUNTS WITH RELATED PARTIES continued
Percentage to Total AssetsLiabilities
and Related Amount
IncomeExpenses 2006
2005 2006
2005
Due to Related Party PT Pama Indo Mining
5,482,141,192 5,695,739,069
0.15 0.12
Long-term Investments in Associated Company Stillwater Shipping Corporation
21,215,648,850 16,739,664,280
0.22 0.16
PT Cibinong Center Industrial Estate 19,815,437,855
18,868,564,301 0.20
0.18 PT Pama Indo Mining
7,951,513,929 7,245,374,843
0.08 0.07
Total 48,982,600,634
42,853,603,424 0.50
0.41 Long-term Loans
HC Finance B.V., Netherlands 1,353,000,000,000
1,474,500,000,000 37.95
30.05 Net Revenues
HCT Services Asia Pte., Ltd., Singapore 835,741,067,588
676,734,161,531 13.21
12.10 Cost of Revenues
PT Pama Indo Mining 41,346,764,287
34,440,355,788 0.99
0.96 HCT Services Asia Pte., Ltd., Singapore
16,261,776,700 17,475,453,600
0.39 0.49
HeidelbergCement Technology Center GmbH 5,401,699,914
- 0.13
- Total
63,010,240,901 51,915,809,388
1.51 1.45
Operating Expenses Stillwater Shipping Corporation Note 24e
17,351,864,000 27,912,394,000
1.60 3.46
PT Bahana Indonor 7,992,365,000
- 0.74
- HeidelbergCement Technology Center GmbH
757,899,252 1,314,420,421
0.07 0.16
Total 26,102,128,252
29,226,814,421 2.41
3.62 Other Income Expenses
PT Cibinong Center Industrial Estate 3,846,923,926
2,744,208,070 1.79
1.78 HC Finance B.V., Netherlands
91,654,070,482 64,901,837,358
42.60 42.09
HeildelbergCement AG 2,038,393,265
- 0.95
- Net
89,845,539,821 62,157,629,288
41.76 40.31
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. PT Cibinong Center Industrial Estate Associated Company Sale of water and electricity 6. Stillwater Shipping Corporation
Associated Company Transportation
7. PT Pama Indo Mining Associated Company Mining service
8. PT Bahana Indonor Associated Company Transportation
9. Officers and employees Employees
Loan
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2006 With comparative figures for 2005
Expressed in rupiah, unless otherwise stated
46
23. TRANSACTIONS AND ACCOUNTS WITH RELATED PARTIES continued
