PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Three Months ended March 31, 2005 and 2004 Expressed in rupiah, unless otherwise stated
24
9. TRADE PAYABLES
This account consists of the following:
2005 2004
Third Parties Cement and ready mix
concrete business Rupiah
92,424,771,395 66,759,544,203
U.S. dollar US394,987 in 2005 and
US96,423 in 2004 3,744,481,387
827,985,272 Other foreign currencies
12,157,740,994 8,011,713,224
Sub-total 108,326,993,776
75,599,242,699 Other businesses
- -
Total - Third Parties 108,326,993,776
75,599,242,699 Related Party - Cement business see Note 21
- 2,012,689,756
Total Trade Payables 108,326,993,776
77,611,932,455
The aging analysis of trade payables based on their currency denomination as of March 31, 2005 and 2004 is as follows:
2005
Foreign Currencies Rupiah
In Rupiah Equivalent Total Current
73,252,952,980 -
73,252,952,980 Overdue:
1 - 30 days 10,038,473,194
4,287,974,552 14,326,447,746
31 - 60 days 4,053,390,714
1,077,876,380 5,131,267,094
61 - 90 days 782,112,052
- 782,112,052
Over 90 days 4,297,842,456
10,536,371,448 14,834,213,904
Total 92,424,771,396
15,902,222,380 108,326,993,776
2004
Foreign Currencies Rupiah
In Rupiah Equivalent Total Current
35,745,398,259 1,006,344,878
36,751,743,137 Overdue:
1 - 30 days 14,471,772,453
10,570,753,878 25,042,526,331
31 - 60 days 2,735,313,102
7,078,651 2,742,391,753
61 - 90 days 4,902,400,288
1,542,285,938 6,444,686,226
Over 90 days 2,268,894,957
4,361,690,051 6,630,585,008
Total 60,123,779,059
17,488,153,396 77,611,932,455
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Three Months ended March 31, 2005 and 2004 Expressed in rupiah, unless otherwise stated
25
9. TRADE PAYABLES continued
The above trade payables arose mostly from purchases of raw materials and other inventories. The main suppliers of the Company are as follows:
Supplier Materials Supplied
Topniche Associates Pte., Ltd. Gypsum
PT Bahari Cakrawala Sebuku PT Adaro Indonesia
RHI A.G. Coal
Coal Fire bricks
Pertambangan Minyak dan Gas Bumi Negara PERTAMINA Billerud AB.
Frantschach Pulp Paper Sweden Fuel
Kraft paper Kraft paper
10. TAXATION a. Taxes Payable
2005 2004
Income taxes Article 21
3,348,610,499 2,406,760,297
Article 22 905,982,013
719,660,489 Article 23
1,650,732,596 1,054,727,286
Article 26 2,300,098,958
2,838,482,516 Article 29Corporate income tax
795,581,251 3,457,479,414
Value added tax 38,983,402,439
32,309,365,920
Total 47,984,407,756
42,786,475,922
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 three
months ended March 31, 2005 and 2004 is as follows:
2005 2004
Income before corporate income tax expense per consolidated statements of income
221,101,641,472 5,672,457,972
Less: Income of Subsidiaries before corporate income
tax expense - net 9,160,807,122
16,452,276,624 Income loss before tax expense attributable
to the Company 211,940,834,350
10,779,818,652 Add deduct:
Temporary differences Provision for employee benefits
6,870,062,247 -
Reversal of trade discount 13,543,264,140
-
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Three Months ended March 31, 2005 and 2004 Expressed in rupiah, unless otherwise stated
26
10. TAXATION continued 2005
