Notes tothe financial statements For the financial year ended 31 December 2023 26. Payables Group Company 2023 2022 2023 2022 Rp million Rp million Rp million Rp million Current: Financial liabilities Trade payables Third parties 760,242 995,982 – – Related parties 69,553 85,568 – – Other payables, accruals and provision Third parties 319,972 275,517 419 216 Due to penultimate holding company 102,136 91,602 – – Related parties 21,841 109,931 – 100,678 Accrued expenses 764,189 859,987 14,703 20,887 Total trade and other payables and accruals 2,037,933 2,418,587 15,122 121,781 Non-financial liabilities Contract liabilities Third parties 205,658 193,975 – – Related parties 4,234 4,234 – – Other payables and provision Taxes payable 118,100 123,061 – – Provision for penalty 40,887 – – – Total advances, other payables and provision 368,879 321,270 – – Total payables, accruals and provision 2,406,812 2,739,857 15,122 121,781 Trade payables are normally settled on 1 to 60 days credit payment terms. These amounts are unsecured and will be settled in cash. The carrying amounts of the Group’s trade payables, other payables and accruals approximate their fair values. Other payables to penultimate holding company and other payables to related parties are unsecured, repayable on demand and non-interest bearing. These amounts will be settled in cash. Accrual expenses are mainly for employees’ salaries and benefits, interest charges, purchases of FFB and transportation fees. 134 GROUP OVERVIEW OPERATION AND FINANCIAL REVIEW SUSTAINABILITY & GOVERNANCE FINANCIALS OTHER INFORMATION Indofood Agri Resources Ltd
RkJQdWJsaXNoZXIy NTkwNzg=