PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years ended December 31, 2005 and 2004 Expressed in rupiah, unless otherwise stated
35
12. OBLIGATIONS UNDER CAPITAL LEASE continued Years
2005 2004
_________________________________________
2005 -
2,231,367,248 2006
2,037,986,970 2,037,986,970
2007 125,792,516
125,792,516 Total
2,163,779,486 4,395,146,734
Less amounts applicable to interest 132,007,061
451,351,881 Present value of minimum lease payments
2,031,772,425 3,943,794,853
Current maturities 1,912,022,428
2,350,111,368
Long-term portion 119,749,997
1,593,683,485
The obligations under capital lease are secured by PBI’s time deposits amounting to Rp5,736,067,280 in 2005 and 2004 which were placed in PT Bank NISP presented as part of “Restricted Cash and Time
Deposits”, and the related leased assets. Based on the lease agreements, PBI is not permitted to sell or transfer its leased assets to other parties.
13. CAPITAL STOCK a. Share Ownership
The details of share ownership as of December 31, 2005 and 2004 are as follows:
2005
Number of Shares Percentage
Issued and of
Shareholders Fully Paid
Ownership Amount
HeidelbergCement South-East Asia GmbH, Germany
2,397,980,863 65.14 1,198,990,431,500
PT Mekar Perkasa 479,735,234
13.03 239,867,617,000
Public and cooperatives 803,515,602
21.83 401,757,801,000
Total 3,681,231,699
100.00 1,840,615,849,500
2004
Number of Shares Percentage
Issued and of
Shareholders Fully Paid
Ownership Amount
HC Indocement GmbH, Germany 2,397,980,863
65.14 1,198,990,431,500 PT Mekar Perkasa
479,735,234 13.03
239,867,617,000 Public and cooperatives
803,515,602 21.83
401,757,801,000
Total 3,681,231,699
100.00 1,840,615,849,500
On November 2, 2005, HC Indocement GmbH merged with HeidelbergCement South-East Asia GmbH with the latter as the surviving company. As a result of the merger, HeidelbergCement
South-East Asia GmbH became the direct shareholder of the Company.
The Company’s shares are listed on the Jakarta and Surabaya Stock Exchanges.
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years ended December 31, 2005 and 2004 Expressed in rupiah, unless otherwise stated
36
13. CAPITAL STOCK continued
