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
25
10. TRADE PAYABLES
This account consists of the following:
2006 2005
Third Parties - Cement and ready mix concrete business
Rupiah 121,788,354,464
151,647,765,581 U.S. dollar US1,184,111 in 2006 and
US1,013,796 in 2005 10,680,678,063
9,991,399,978 Other foreign currencies
7,010,613,364 6,856,224,258
Total - Third Parties 139,479,645,891
168,495,389,817 Related Party - Cement business Note 23
- 2,278,762,995
Total Trade Payables 139,479,645,891
170,774,152,812
The aging analysis of trade payables based on their currency denomination as of December 31, 2006 and 2005 is as follows:
2006
Foreign Currencies Rupiah
Rupiah Equivalent Total
Current 87,091,467,150
9,290,204,446 96,381,671,596
Overdue: 1 - 30 days
14,596,273,892 4,949,428,393
19,545,702,285 31 - 60 days
3,281,567,115 2,623,144,889
5,904,712,004 61 - 90 days
11,191,307,066 181,555,866
11,372,862,932 Over 90 days
5,627,739,241 646,957,833
6,274,697,074
Total 121,788,354,464
17,691,291,427 139,479,645,891
2005
Foreign Currencies Rupiah
Rupiah Equivalent Total
Current 120,865,407,183
10,961,261,763 131,826,668,946
Overdue: 1 - 30 days
24,669,611,109 407,204,774
25,076,815,883 31 - 60 days
3,210,854,588 7,184,674,171
10,395,528,759 61 - 90 days
993,708,770 55,396,042
1,049,104,812 Over 90 days
1,908,183,931 517,850,481
2,426,034,412
Total 151,647,765,581
19,126,387,231 170,774,152,812
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
26
10. TRADE PAYABLES continued
The above trade payables arose mostly from purchases of raw materials and other inventories from the Company’s main suppliers as follows:
Suppliers Materials Supplied
Pertambangan Minyak dan Gas Bumi Negara PERTAMINA Fuel
PT Adaro Indonesia Coal
PT Masa Jaya Perkasa Coal
PT Trubaindo Coal Mining Coal
Eurocan Pulp Paper Co. Kraft paper
Fujian Qingshan Paper Industry Co., Ltd. Kraft paper
Billerud AB Kraft paper
Itochu Co. Gypsum
PT Politama Pakindo Woven paper
United Tractors Spare parts
11. TAXATION a. Taxes Payable
2006 2005
Income taxes Article 21
3,810,792,661 5,123,617,107
Article 22 1,050,542,171
1,078,391,112 Article 23
2,110,211,050 2,290,020,061
Article 25 13,826,970,672
5,050,000 Article 26
782,704,606 1,639,967,475
Article 29 68,075,741
272,790,669 Value added tax
47,440,362,881 24,142,674,136
Total 69,089,659,782
34,552,510,560
b. The reconciliation between income before corporate income tax expense, as shown in the consolidated statements of income, and estimated taxable income of the Company for the years
ended December 31, 2006 and 2005 is as follows:
2006 2005
Income before corporate income tax expense per consolidated statements of income
862,197,105,510 1,077,811,880,570 Income of Subsidiaries before corporate income
tax expense - net 27,364,594,469
14,285,907,710 Reversal of inter-company eliminating entries
during consolidation 5,933,687,695
72,113,420,472 Income before corporate income tax expense
attributable to the Company 828,898,823,346 1,135,639,393,332
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
27
11. TAXATION continued 2006
