These consolidated financial statements are originally issued in Indonesian language.
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Nine months ended September 30, 2008 and 2007 Expressed in rupiah, unless otherwise stated
40
21. OPERATING EXPENSES
The details of operating expenses are as follows:
2008 2007
Delivery and Selling Expenses Delivery, loading and transportation
904,553,483,257 609,066,773,641 Salaries, wages and employee benefits Note 22
36,799,898,734 34,912,758,184 Rental
11,496,149,586 7,055,652,753
Advertising and promotion 11,491,717,725
16,512,767,512 Depreciation
5,348,643,631 4,266,961,251
Taxes and licenses 5,073,566,040
4,565,585,126 Professional
fees 4,877,520,540
5,170,452,178 Repairs and maintenance
1,736,355,817 3,121,005,199
Electricity and water 1,682,841,243
1,664,565,240 Spare bags
1,642,980,437 1,069,316,056
Research and testing 1,642,416,856
3,745,494,190 Medical
1,239,282,243 1,154,989,966
Communication 1,097,515,942
883,237,528 Miscellaneous each below Rp1 billion
2,526,688,635 2,503,698,932
Total Delivery and Selling Expenses 991,209,060,686
695,693,257,756 General and Administrative Expenses
Salaries, wages and employee benefits Note 22 109,881,139,084
94,466,187,211 Rental
12,503,920,112 13,264,892,820
Depreciation 7,915,834,821
4,105,660,395 Travelling and transportation
7,238,977,552 4,070,232,258
Professional fees
5,958,612,267 8,594,366,310
Training and seminars 5,340,279,336
4,965,079,939 Donations
5,299,548,252 6,606,562,797
Repairs and maintenance 4,413,998,294
5,448,584,930
Communication 4,261,997,762
2,782,305,091 Medical
4,233,019,828 4,215,628,756
Public relations 3,550,177,324
3,816,343,300 Taxes and licenses
2,796,371,590 902,614,499
Publications and sponsorships 1,351,751,027
1,165,145,067 Stationery and office supplies
1,294,601,650 1,015,459,297
Miscellaneous each below Rp1 billion 10,825,254,021
6,469,100,625 Total General and Administrative Expenses
186,865,482,920 161,888,163,295
Total Operating Expenses 1,178,074,543,606 857,581,421,051
22. ESTIMATED LIABILITY FOR EMPLOYEE BENEFITS
a. Retirement Benefits
The Company has a defined contribution retirement plan covering its full-time employees. Contributions are funded and consist of the Company’s and the employees’ contributions computed
at 10 and 5, respectively, of the employees’ pensionable earnings. Total contributions paid by the Company to the plan amounted to Rp20.1 billion and Rp18.9 billion for the nine months ended
September 30, 2008 and 2007, respectively, which were charged to operations.
The plan’s assets are administered by Dana Pensiun Karyawan Indocement Tunggal Prakarsa, the establishment of which was approved by the Ministry of Finance on November 12, 1991,
as amended by Decree No. Kep-332KM.171994 dated December 1, 1994. As of September 30, 2008 and 2007, the Plan net assets totaled Rp524 billion and Rp518.2 billion, respectively.
These consolidated financial statements are originally issued in Indonesian language.
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Nine months ended September 30, 2008 and 2007 Expressed in rupiah, unless otherwise stated
41
22. ESTIMATED LIABILITY FOR EMPLOYEE BENEFITS continued
