NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2024 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, for the violation of 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 2024 2023 Rp million Rp million Balance at 1 January 40,887 – Charge during the year 7 – 40,887 Balance at 31 December 40,887 40,887 The Group and Company’s payables denominated in foreign currencies are as follows: Group Company 2024 2023 2024 2023 Rp million Rp million Rp million Rp million US Dollars 10,023 7,054 – – Euro 6,297 6,251 – – Singapore Dollars 16,003 15,391 14,682 14,251 Others 4 1,598 – – Group Overview Financials Other information Sustainability and Governance Operation and Financial Review Indofood Agri Resources Ltd. 140
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