Notes tothe financial statements For the financial year ended 31 December 2023 26. Payables (cont’d) Provision for penalty represents estimated settlement to be made to the Commission for the Supervision of Business Competition (“KPPU”) in Indonesia, who is penalising the Group for the prohibition of monopoly of practices and unfair business competition practises in Indonesia. The necessary objection papers have been filed in the Central Jakarta District Court, Indonesia and the Group is pending the Court’s decision as of the date of this report. The provision for penalty is presented as part of “Other Operating Expenses” accounts in the consolidated statement of comprehensive income as disclosed in Note 7. The movement in provision for penalty is as follows: Group Note 2023 2022 Rp million Rp million Balance at 1 January – – Charge during the year 7 40,887 – Balance at 31 December 40,887 – The Group and Company’s payables denominated in foreign currencies are as follows: Group Company 2023 2022 2023 2022 Rp million Rp million Rp million Rp million US Dollars 7,054 105,347 – 100,678 Euro 6,251 6,199 – – Singapore Dollars 15,391 22,234 14,251 21,103 Others 1,598 71 – – 135 GROUP OVERVIEW OPERATION AND FINANCIAL REVIEW SUSTAINABILITY & GOVERNANCE FINANCIALS OTHER INFORMATION Annual Report 2023
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