NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2024 24. Receivables (cont’d) Advances to suppliers Advances to suppliers represent advance payments made to suppliers and contractors in relation to the following purchases: Group 2024 2023 Rp million Rp million Raw materials 480,266 303,291 Factory supplies, spare parts and others 226,935 60,001 707,201 363,292 Advances to suppliers are unsecured, interest-free and obligations of the suppliers are expected to be fulfilled within the next 12 months. 25. Cash and cash equivalents Group Company 2024 2023 2024 2023 Rp million Rp million Rp million Rp million Cash at bank and in hand 697,402 1,446,916 14,895 7,562 Short term deposits 5,248,098 3,778,614 75,118 48,238 Cash and cash equivalents 5,945,500 5,225,530 90,013 55,800 Cash and cash equivalents denominated in foreign currencies are as follows: Group Company 2024 2023 2024 2023 Rp million Rp million Rp million Rp million US Dollars 1,697,414 1,359,798 81,759 40,313 Singapore Dollars 7,973 4,431 6,688 3,238 Cash at bank earns interest at floating rates based on daily bank deposit rates. Short-term deposits are made for varying periods ranging from one day to three months, depending on the immediate cash requirements of the Group, and earn interest at the respective short-term deposit rates. Short-term deposits denominated in US dollars and Rupiah earned interest at annual rates between 4.15% to 5.75% (2023: 1.75% to 5.75%) and 3.50% to 6.50% (2023: 3.75% to 6.00%), respectively. Group Overview Financials Other information Sustainability and Governance Operation and Financial Review Indofood Agri Resources Ltd. 138
RkJQdWJsaXNoZXIy NTkwNzg=