These consolidated financial statements are originally issued in Indonesian language.
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Three months ended March 31, 2008 and 2007 Expressed in rupiah, unless otherwise stated
26
10. TRADE PAYABLES TO THIRD PARTIES 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 Baramulti Sugih Sentosa Coal
PT Masa Jaya Perkasa Coal
PT Trubaindo Coal Mining Coal
PT Arutmin Indonesia Coal
PT Politama Pakindo Woven paper
Fujian Qingshan Paper Industry Co., Ltd. Kraft paper
Billerud AB Kraft paper
Mondi Packaging Paper Kraft paper
Itochu Co. Gypsum
11. TAXATION a. Taxes
Payable
2008 2007
Income taxes
Article 21
5,145,451,958 4,776,119,756
Article 22
1,536,384,163 1,146,308,844
Article 23
1,456,529,927 2,190,593,499
Article 25
28,041,955,244 15,610,175,461
Article 26
379,890,857 598,086,620
Article 29
83,721,688,558 68,594,037
Value added
tax 8,513,122,449
23,550,900,612 Others
7,297,460 -
Total 128,802,320,616
47,940,778,829
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, 2008 and 2007 is as follows:
2008 2007
Income before corporate income tax expense per consolidated statements of income
538,284,750,215 164,168,375,145
Income of Subsidiaries before corporate income tax expense - net
4,350,583,298 4,474,754,784
Reversal of inter-company eliminating entries during
consolidation 1,896,729,110
120,889,062 Income before corporate income tax expense
attributable to the Company 532,037,437,807
159,572,731,299
These consolidated financial statements are originally issued in Indonesian language.
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Three months ended March 31, 2008 and 2007 Expressed in rupiah, unless otherwise stated
27
11. TAXATION continued 2008
2007
Add deduct:
Temporary differences Depreciation of fixed assets including
leased assets
1,423,894,369 18,517,491,661
Provision for
employee benefits
- net
1,123,986,878 3,097,779,299
Provision for
post-retirement healthcare
benefits -
net 578,359,882
651,811,898 Payments
of obligations
under capital
lease 10,567,768,216 718,451,141
Provisions for doubtful accounts and inventory
losses write-off
of accounts
and inventories against allowance - net 451,202,518
2,143,286,642 Provision for recultivation - net Note 24s
101,815,201 211,096,250
7,994,544,806 17,840,734,497
Permanent differences Non-deductible
expenses Employee benefits
3,287,286,179 9,600,930,131
Public relations
1,136,596,100 593,795,900
Donations 631,771,064
1,187,115,509 Others
275,208,965 178,830,656
Income already subjected to final tax 5,306,662,618
746,786,869 Equity in net losses earnings of associated
companies - net 14,579,861
1,903,714,743 38,779,551
8,910,170,584
Estimated taxable income of the Company 524,081,672,552
150,642,167,386
c. The details of corporate income tax expense benefit are as follows:
2008 2007
Current Company
157,207,001,600 45,175,150,100
Subsidiaries 3,622,247,000
2,046,031,300 160,829,248,600
47,221,181,400 Deferred
Company 2,529,037,103
5,352,220,349 Subsidiaries
2,611,808,570 902,968,359
82,771,467 4,449,251,990
Total 160,746,477,133
51,670,433,390
These consolidated financial statements are originally issued in Indonesian language.
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Three months ended March 31, 2008 and 2007 Expressed in rupiah, unless otherwise stated
28
11. TAXATION continued
