PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued JUNE 30, 2005 AND 2006, AND FOR THE SIX MONTHS PERIOD ENDED
JUNE 30, 2005 AND 2006 Figures in tables are presented in millions of Rupiah, unless otherwise stated
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21. MATURITIES OF LONG-TERM LIABILITIES continued
b. Long-term portion
Notes Total
2007 2008
2009 2010
Later
Two-step loans 22
4,348.9 228.0
441.9 428.3
402.7 2,848.0
Bonds 23a
994.5 994.5
- -
- -
Bank loans 24
1,905.3 584.0
739.1 362.7
219.3 0.2
Liabilities of business acquisitions 25
2,642.0 344.1
765.1 745.3
724.3 63.2
Obligations under capital leases 12
225.9 20.5
26.0 33.0
41.9 104.5
Total 10,116.6
2,171.1 1,972.1
1,569.3 1,388.2
3,015.9
In billions of Rupiah
22. TWO-STEP LOANS
Two-step loans are loans, which were obtained by the Government from overseas banks and a consortium of contractors, which are then re-loaned to the Company. The loans entered into up to July
1994 were recorded and are payable in Rupiah based on the exchange rate at the date of drawdown. Loans entered into after July 1994 are payable in their original currencies and any resulting foreign
exchange gain or loss is borne by the Company.
On December 15, 2004, the Company repaid a portion of its Rupiah denominated two-step loans totaling Rp701,272 million before its maturity. Further, on December 24, 2004, the Company repaid a
portion of its U.S. Dollar denominated two-step loans with principal amount of US48.8 million and its entire Euro denominated two-step loans with principal amount of EUR14.5 million before their
maturities. These early repayments of two-step loans have been approved by the Ministry of Finance of the Republic of Indonesia – Directorate General of Treasury.
The details of the two-step loans are as follows:
2005 2006
2005 2006
Overseas banks 3.10
- 10.36
3.10 - 11.64
5,607,142 4,796,882
Consortium of contractors 3.20
- 8.49
3.20 99,460
60,581 Total
5,706,602 4,857,463
Current maturities 625,244
508,541 Long-term portion
5,081,358 4,348,922
Interest Rate Outstanding
Currencies
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued JUNE 30, 2005 AND 2006, AND FOR THE SIX MONTHS PERIOD ENDED
JUNE 30, 2005 AND 2006 Figures in tables are presented in millions of Rupiah, unless otherwise stated
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22. TWO-STEP LOANS
