INDOFOOD AGRI RESOURCES LTD
ANNUAL REPORT 2015
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For the financial year ended 31 December 2015
27.
OTHER NON-CURRENT PAYABLES
Group
2015
2014
Rp million
Rp million
Non-current:
Financial liabilities
Due to related parties
338,794
586,764
Others
30,088
3,495
Total amount due to related parties and other payables
368,882
590,259
Non-financial liabilities
Provision for assets dismantling costs
27,478
25,199
Total provision and other liabilities
27,478
25,199
Total other non-current payables
396,360
615,458
The amounts due to related parties represents loans provided to the subsidiaries by their non-controlling shareholders,
which are not expected to be repaid within 3 years, unsecured and subject to effective interest rate of 8.8% – 10.0%
(2014: 8.0% – 10.5%).
Provision for assets dismantling costs
Provision for assets dismantling costs represents estimated liabilities for the costs to dismantle, remove and restore
the sites of refinery, fractionation and margarine plants located in Jakarta and Surabaya, Indonesia. Gain/(loss) arising
from changes in estimates of provision for asset dismantling costs are presented as part of “Other Operating Income”
and “Other Operating Expenses” accounts in profit or loss, as shown in Note 6 and 7. The resulting outflows of economic
benefits of this provision are expected to take place in 2016, 2021 and 2032.
The movement in provision for assets dismantling costs is:
Group
Note
2015
2014
Rp million
Rp million
Balance at 1 January
25,199
22,633
Changes in present value due to the passage of time and changes in
discount rates
7
2,279
2,566
Balance at 31 December
27,478
25,199
