PT SAMPOERNA AGRO Tbk FORMERLY PT SELAPAN JAYA AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Three Months Ended March 31, 2007
and Year Ended December 31, 2006 With Comparative Figures for 2005 and 2004
Expressed in thousands of Rupiah, unless otherwise stated
30
11. TRADE PAYABLES continued
An aging analysis of trade payables was as follows:
December 31, March 31, 2007
2006 2005
2004
Due within 1 – 30 days 41,169,837
33,977,119 51,117,223
17,424,642 Due between 31 - 60 days
12,908,319 1,958,035
462 1,094,364
Due between 61 - 90 days 67,623
3,650 10,845
80,012 Due after 90 days
60,362 73,095
66,777 34,032
Total 54,206,141
36,011,899 51,195,307
18,633,050
12. SALES ADVANCES Sales advances represent advances received from the following in relation to sales of crude palm oil,
palm kernel and germinated seeds:
December 31, March 31, 2007
2006 2005
2004
PT Sinar Alam Permai 1,890,396
805,241 3,600,924
185,473 PT Asianagro Agung Jaya
1,056,805 2,117,521
11,224 727,796
PT Aman Jaya Perdana 984,960
- -
- PT Persada Sawit Mas
657,500 -
- -
PT Sinar Jaya Inti Mulia 16,658
1,264,023 1,447,827
548,115 Felda Marketing Services SDN BHD
- -
8,701,555 -
Others below Rp500,000 each 3,528,110
2,031,713 1,588,613
705,970 Total
8,134,429 6,218,498
15,350,143 2,167,354
13. TAXATION
a. Prepaid taxes
December 31, March 31, 2007
2006 2005
2004
Value Added Tax - In 4,044,962
492,673 -
509,342 Income tax - Article 22
529,078 -
- 37,637
Income tax - Article 23 11,736
- -
- Income tax - Article 25
5,358,104 -
- -
Fiscal 1,000
- -
8,000 Others
136,000 -
- -
Total 10,080,880
492,673 -
554,979
PT SAMPOERNA AGRO Tbk FORMERLY PT SELAPAN JAYA AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Three Months Ended March 31, 2007
and Year Ended December 31, 2006 With Comparative Figures for 2005 and 2004
Expressed in thousands of Rupiah, unless otherwise stated
31
13. TAXATION continued
b. Taxes payable
December 31, March 31, 2007
2006 2005
2004
Income taxes: Article 21
4,173,636 608,375
685,723 188,913
Article 2326 3,136,560
55,215 34,077
67,203 Article 25
181,187 1,892,309
299,529 779,158
Article 29 -
26,044,106 7,419,250
16,693,477 Value Added Tax VAT - Out
1,247,682 1,338,510
3,329,533 3,028,819
Others -
136,000 -
-
Total 8,739,065
30,074,515 11,768,112
20,757,570
c. Components of corporate income tax expense benefit
2007 2006
2005 2004
Three Months One Year
One Year One Year
Current period: The Company
- 6,250,541
818,642 8,779,019
Subsidiaries 1,044,310
42,899,699 20,004,553
19,749,545 Sub-total
1,044,310 49,150,240
20,823,195 28,528,564
Deferred: The Company
7,663,757 61,083
181,266 509,405
Subsidiaries 5,307,143
696,279 3,236,371
11,559,165 Sub-total
12,970,900 635,196
3,055,105 12,068,570
Total 11,926,590
48,515,044 23,878,300
40,597,134
d. Corporate income tax The reconciliation between the consolidated income loss before corporate income tax expense
as shown in the consolidated statements of income and the current estimated taxable income tax loss is as follows:
2007 2006
2005 2004
Three Months One Year
One Year One Year
Consolidated income loss before corporate income tax expense
54,219,867 162,095,201
82,044,758 147,201,768
Permanent differences: Loss from impairment fixed asset
7,442,177 -
- -
Interest income 915,660
4,167,477 3,131,365
6,124,328 Tax expenses
195,255 1,199,844
- -
Others 2,999,549
2,880,912 1,801,534
748,113 Total
9,721,321 86,721
1,329,831 5,376,215
PT SAMPOERNA AGRO Tbk FORMERLY PT SELAPAN JAYA AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Three Months Ended March 31, 2007
and Year Ended December 31, 2006 With Comparative Figures for 2005 and 2004
Expressed in thousands of Rupiah, unless otherwise stated
32
13. TAXATION continued
