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
38
18. RETAINED EARNINGS
In compliance with Corporation Law No. 1 of 1995 dated March 7, 1995, which requires companies to set aside, on a gradual basis, an amount equivalent to at least 20 of their subscribed capital as
general reserve, the shareholders approved the partial appropriation of the Company’s retained earnings as general reserve during their annual general meetings held on June 28, 2006, June 16,
2005, June 23, 2004, June 26, 2003, June 24, 1997 and June 25, 1996 in the amount of Rp25 billion each.
19. SEGMENT INFORMATION BUSINESS SEGMENTS
The Company and Subsidiaries’ businesses are grouped into three major operating businesses: cement, ready mix concrete and other business.
The main activities of each operating business are as follows: Cement
: Produce and sell several types of cement Ready mix concrete
: Produce and sell ready mix concrete Other business
: Invest in associated company
The Company and Subsidiaries’ business segment information is as follows:
2006 Cement
Ready Mix Concrete Other Business
Elimination Consolidation
REVENUES Sales to external customers
6,045,246,775,914 280,082,251,803
- -
6,325,329,027,717 Inter-segment sales
118,536,077,082 -
- 118,536,077,082
-
Total Revenues 6,163,782,852,996
280,082,251,803 -
118,536,077,082 6,325,329,027,717
RESULTS Segment results
850,986,330,279 1,524,394,701
- -
852,510,724,980 Equity in net earnings of
associated companies -
- 9,686,380,530
- 9,686,380,530
Corporate income tax expense
269,395,088,735 NET INCOME
592,802,016,775 ASSETS AND LIABILITIES
Segment assets 9,780,996,336,869
129,040,784,143 1,107,548,400
382,764,380,438 9,528,380,288,974
Long-term investments and advances to associated
companies - net -
- 49,020,750,634
- 49,020,750,634
Net deferred tax assets and prepayments of
income taxes 14,921,805,322
5,957,485,812 -
- 20,879,291,134
Total Assets 9,795,918,142,191
134,998,269,955 50,128,299,034
382,764,380,438 9,598,280,330,742
Segment liabilities 3,280,959,580,908
58,379,600,799 -
387,262,628,588 2,952,076,553,119
Net deferred tax liabilities 606,268,637,255
- -
- 606,268,637,255
Total Liabilities - excluding deferred gain on sale-and-
leaseback transactions - net 3,887,228,218,163 58,379,600,799
- 387,262,628,588
3,558,345,190,374
Capital expenditures 386,621,035,655
7,721,110,585 -
- 394,342,146,240
Depreciation, amortization and depletion expenses
507,747,612,480 9,430,884,774
- -
517,178,497,254 Non-cash expenses other than
depreciation, amortization and depletion expenses:
Provision for post-retirement benefits
30,772,849,680 1,579,721,220
- -
32,352,570,900 Provisions for doubtful accounts
and inventory losses 14,258,869,633
2,663,022,870 -
- 16,921,892,503
Provision for recultivation 6,108,869,043
- -
- 6,108,869,043
Provision for healthcare benefits 3,394,620,000
- -
- 3,394,620,000
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
39
19. SEGMENT INFORMATION continued
