Towards Operational Excellence and Financial Sustainability

These consolidated fi nancial statements are originally issued in Indonesian language.
PT INDOCEMENT TUNGGAL PRAKARSA Tbk. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December 31, 2004 and 2003
(Expressed in rupiah)
ASSETS Notes 2004 2003
CURRENT ASSETS
Cash and cash equivalents 2c,3 307,432,518,403 300,084,754,453
Short-term investments 2d 5,969,712,650 5,946,452,150
Trade receivables
2e,4,11
Related party 2f,21 30,985,951,840 22,748,551,497
Third parties - net of allowance for
doubtful accounts of Rp13,822,091,743
in 2004 and Rp13,332,091,743 in 2003 22e 411,847,154,062 294,566,141,368
Other receivables from third parties - net of
allowance for doubtful accounts of
Rp8,503,980,725 in 2004 and
2e,2q,
Rp1,389,089,659 in 2003 5,22m 14,374,272,817 15,218,462,652
Inventories - net 2g,6,11 711,899,494,405 709,065,286,248
Advances and deposits 6 54,940,907,583 57,943,015,022
Prepaid taxes 10 43,529,803,250 48,965,252,314
Prepaid expenses 2h 13,739,936,494 12,560,871,406
TOTAL CURRENT ASSETS 1,594,719,751,504 1,467,098,787,110
NON-CURRENT ASSETS
Due from related parties 2f,21 67,104,149,319 68,129,247,479
Deferred tax assets - net 2r,10 4,193,566,217 7,278,466,766
Long-term investments and advances to
associated companies - net of allowance for
doubtful accounts of Rp13,720,944,026 in
2004 and Rp13,431,144,026 in 2003 2b,2f,7 42,595,860,242 24,864,880,556
Fixed assets - net of accumulated depreciation,
amortization and depletion of
Rp3,390,873,271,384 in 2004 and
2i,2j,2k,2l,
Rp2,910,855,783,693 in 2003 8,11 7,761,254,118,072 8,140,674,858,601
Restricted cash and time deposits 11,12 238,423,284,643 368,504,768,694
Other non-current assets 2h,2m,8 62,721,088,443 68,514,825,152
TOTAL NON-CURRENT ASSETS 8,176,292,066,936 8,677,967,047,248
TOTAL ASSETS 9,771,011,818,440 10,145,065,834,358
The accompanying notes form an integral part of these consolidated fi nancial statements.
48
Indocement Annual Report 2004