PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Three months ended March 31, 2007 and 2006 Expressed in rupiah, unless otherwise stated
27
11. TAXATION continued 2007
2006
Add deduct: Temporary differences
Provision for employee benefits - net 3,097,779,299
1,141,934,896 Provision for post-retirement healthcare
benefits - net 651,811,898
814,508,813 Depreciation of fixed assets including
leased assets 18,517,491,661
38,388,531,777 Provisions for doubtful accounts and
inventory losses write-off of accounts and inventories against allowance - net
2,143,286,642 1,643,150,000
Payments of obligations under capital lease 718,451,141
- Provision for recultivation - net Note 24q
211,096,250 481,833,126
17,840,734,497 38,557,071,194
Permanent differences Non-deductible expenses
Employees’ benefits 9,600,930,131
14,674,792,942 Donations
1,187,115,509 747,338,982
Public relations 593,795,900
327,471,158 Others
178,830,656 371,989,409
Equity in net earnings of associated companies - net
1,903,714,743 198,955,759
Income already subjected to final tax 746,786,869
5,534,375,872 8,910,170,584
10,388,260,860
Estimated taxable income of the Company 150,642,167,386
206,563,866,122
Estimated tax loss carryforward at beginning of year
- 256,930,304,261 Corrections by the Tax Office
- 6,359,790,385
Estimated taxable income tax loss carryforward at end of period
150,642,167,386 44,006,647,754
Under existing tax regulations, the tax loss carryforward can be utilized within five 5 fiscal years from the date the tax loss is incurred.
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Three months ended March 31, 2007 and 2006 Expressed in rupiah, unless otherwise stated
28
11. TAXATION continued
c. The details of corporate income tax expense benefit are as follows:
2007 2006
Current Company
45,175,150,100 -
Subsidiaries 2,046,031,300
2,099,158,500 47,221,181,400
2,099,158,500 Deferred
Company 5,352,220,349
75,444,218,311 Subsidiaries
902,968,359 314,214,723
4,449,251,990 75,130,003,588
Total 51,670,433,390
77,229,162,088
d. The calculation of estimated claims for income tax refund is as follows:
2007 2006
Current income tax expense Company
45,175,150,100 -
Subsidiaries 2,046,031,300
2,099,158,500 Total
47,221,181,400 2,099,158,500
Prepayments of income tax Company
47,016,170,929 2,715,792,010
Subsidiaries 3,527,123,180
2,543,015,175 Total
50,543,294,109 5,258,807,185
Estimated claims for income tax refund - presented as part of “Prepaid Taxes” in the consolidated
balance sheets Company
1,841,020,829 2,715,792,010
Subsidiaries 1,549,685,917
991,958,362 Total for the current year
3,390,706,746 3,707,750,372
Claims for income tax refund from prior years: Company
2005 10,414,347,316
10,368,661,923 2004
- 8,328,973,769
Subsidiaries 3,388,423,817
18,149,552,017
Total 17,193,477,879
40,554,938,081
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Three months ended March 31, 2007 and 2006 Expressed in rupiah, unless otherwise stated
29
11. TAXATION continued
