NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2024 26. Payables Group Company 2024 2023 2024 2023 Rp million Rp million Rp million Rp million Current: Financial liabilities Trade payables Third parties 816,101 760,242 – – Related parties 61,198 69,553 – – Other payables and accruals Third parties 335,710 319,972 507 419 Due to penultimate holding company 107,478 102,136 – – Related parties 34,729 21,841 – – Accrued expenses 714,673 764,189 14,598 14,703 Total trade and other payables and accruals 2,069,889 2,037,933 15,105 15,122 Non-financial liabilities Contract liabilities Third parties 214,161 205,658 – – Related parties 4,234 4,234 – – Other payables and provision Taxes payable 132,955 118,100 – – Provision for penalty 40,887 40,887 – – Total advances, other payables and provision 392,237 368,879 – – Total payables, accruals and provision 2,462,126 2,406,812 15,105 15,122 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. Accrued expenses are mainly for employees’ salaries and benefits, interest charges, purchases of FFB and transportation fees. Group Overview Financials Other information Sustainability and Governance Operation and Financial Review Annual Report 2024 139
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