PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Six months ended June 30, 2008 and 2007 Expressed in rupiah, unless otherwise stated
44
22. TRANSACTIONS AND ACCOUNTS WITH RELATED PARTIES continued
Percentage to Total AssetsLiabilities
and Related Amount
IncomeExpenses 2008
2007 2008 2007
Long-term Investments in Associated Companies PT Cibinong Center Industrial Estate
23,473,694,612 21,775,032,035
0.22 0.22 Stillwater
Shipping Corporation
20,570,739,862 23,003,076,789 0.19 0.24
PT Pama Indo Mining 9,770,547,915
9,258,792,270 0.09
0.09 Total
53,814,982,389 54,036,901,094 0.50 0.55
Due to Related Parties PT Pama Indo Mining
6,032,002,515 2,101,806,220
0.19 0.06 Long-term
Loans HC Finance B.V., Netherlands
1,383,750,000,000 1,358,100,000,000
43.52 38.84 Net
Revenues HCT Services Asia Pte., Ltd., Singapore
347,003,470,808 433,246,961,547
7.73 13.72 Cost of Revenues
PT Pama Indo Mining 23,826,455,432
20,153,178,156 0.90 0.98
HCT Services Asia Pte., Ltd., Singapore 8,778,499,116
5,084,244,600 0.33
0.25 HeidelbergCement
Technology Center
GmbH 991,834,469 5,677,138,758 0.04
0.28 Total
33,596,789,017 30,914,561,514 1.27 1.51
Operating Expenses PT Bahana Indonor Note 23h
13,514,063,800 6,395,822,574
1.87 1.22 PT Cibinong Center Industrial Estate
83,943,864 131,510,822
0.01 0.02
HeidelbergCement Fuels
- 251,916,687
- 0.05
Stillwater Shipping Corporation Note 23h -
9,090,000 -
0.01 Total
13,598,007,664 6,788,340,083 1.88 1.30
Other Income Expenses PT Cibinong Center Industrial Estate
3,851,311,470 2,885,873,603
16.23 4.33 HC Finance B.V., Netherlands
33,598,224,716 44,438,588,686 141.60
66.76 HeildelbergCement
AG -
943,451,694 -
1.42 Net
29,746,913,246 42,496,166,777 125.37 63.85
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. Heidelberg Cement Fuels Under common control Professional fee
6. PT Cibinong Center Industrial Estate Associated company Warehouse rental and sale of water
and electricity
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Six months ended June 30, 2008 and 2007 Expressed in rupiah, unless otherwise stated
45
22. TRANSACTIONS AND ACCOUNTS WITH RELATED PARTIES continued
