Indofood Agri Resources Ltd. - Annual Report 2023

Notes tothe financial statements For the financial year ended 31 December 2023 9. Finance income Group 2023 Rp million 2022 Rp million Interest on current accounts and short-term deposits 178,351 95,521 Others 7 25 Total 178,358 95,546 10. Finance expenses Group Note 2023 Rp million 2022 Rp million Interest expense on: - Bank loans 547,030 534,577 - Lease liabilities 15 9,081 5,808 - Other loans 35,155 30,443 Bank charges 8,059 9,084 Total 599,325 579,912 11. Income tax expenses Major components of income tax expense The major components of income tax expense for the years ended 31 December 2023 and 2022 are: Group 2023 Rp million 2022 Rp million Consolidated statement of comprehensive income: Current income tax: - Current year income tax 505,084 785,062 - Adjustments in respect of previous years 2,222 10,267 507,306 795,329 Deferred income tax (Note 18): - Current year deferred income tax (89,588) (204,109) - Adjustments in respect of previous years 172,939 308,931 83,351 104,822 Total 590,657 900,151 Group 2023 Rp million 2022 Rp million Charged to other comprehensive income Deferred tax related to items recognised in other comprehensive income: Re-measurement gain of employee benefits liabilities (1,566) (41,720) 99 GROUP OVERVIEW OPERATION AND FINANCIAL REVIEW SUSTAINABILITY & GOVERNANCE FINANCIALS OTHER INFORMATION Annual Report 2023

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