These consolidated financial statements are originally issued in Indonesian language.
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Nine months ended September 30, 2008 and 2007 Expressed in rupiah, unless otherwise stated
44
23. 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
24,426,220,619 21,273,701,774
0.23 0.21 Stillwater
Shipping Corporation
22,417,363,449 25,104,679,576 0.21 0.25
PT Pama Indo Mining 10,293,490,050
10,442,582,661 0.10
0.10 Total
57,137,074,118 56,820,964,011 0.54 0.56
Trade Payables - Related Party HCT Services Asia Pte., Ltd., Singapore
- 3,596,068,380
- 0.10 Due to Related Parties
PT Pama Indo Mining 8,658,829,757
2,631,480,659 0.32 0.07
Long-term Loans
HC Finance B.V., Netherlands 468,900,000,000
1,370,550,000,000 17.53 37.93
Net Revenues
HCT Services Asia Pte., Ltd., Singapore 562,588,212,240
732,521,344,320 7.76 13.80
Cost of Revenues PT Pama Indo Mining
37,264,111,493 33,197,064,658
0.87 1.00 HCT Services Asia Pte., Ltd., Singapore
13,676,342,232 10,863,522,860
0.32 0.33
HeidelbergCement Technology
Center GmbH
5,737,533,704 4,676,263,900 0.13 0.14
Total 56,677,987,429 48,736,851,418 1.32
1.47 Operating Expenses
PT Bahana Indonor Note 24h 20,282,911,800
12,596,762,424 1.72 1.47
PT Cibinong Center Industrial Estate 125,509,014
181,529,553 0.01
0.02 HeidelbergCement
Fuels -
365,091,687 -
0.04 Stillwater Shipping Corporation Note 24h
- 9,090,000
- 0.01
Total 20,408,420,814 13,152,473,664 1.73
1.54 Other Income Expenses
PT Cibinong Center Industrial Estate 7,563,977,607
4,760,700,135 20.44 3.87
HC Finance B.V., Netherlands 42,957,497,769 67,432,125,301
116.11 54.83
HeildelbergCement AG
- 1,352,797,605
- 1.10
Net 35,393,520,162 64,024,222,771
95.67 52.06
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
These consolidated financial statements are originally issued in Indonesian language.
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Nine months ended September 30, 2008 and 2007 Expressed in rupiah, unless otherwise stated
45
23. TRANSACTIONS AND ACCOUNTS WITH RELATED PARTIES continued
