PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the Year Then Ended
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
16
1. GENERAL continued d. Subsidiaries continued
a Metra On June 5, 2014, based on the Circular Resolution of the Stockholders of Metra as covered
by notarial deed No. 18 of N.M. Dipo Nusantara Pua Upa, S.H., M.Kn., which was approved by the MoLHR through its Letter No. AHU-03769.40.20.2014 dated June 10, 2014, PT Metra
Media
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the Year Then Ended
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
17
1. GENERAL continued d. Subsidiaries continued
d Telkom Infratel On January 16, 2014, the Company established a wholly-owned subsidiary under the name
PT Telkom Infrastruktur Telekomunikasi Indonesia
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the Year Then Ended
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
18
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The consolidated financial statements of the Company and subsidiaries collectively referred to as
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the Year Then Ended
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
19
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued a. Basis of preparation of financial statements continued
Accounting standards issued but not yet effective continued
Effective January 1, 2016 continued: ·
Amendments to PSAK 15: Investments in Associates and Joint Ventures on Investment Entities: The Application of Consolidation Exception.
The amendments provide clarification on consolidation exception for investment entities when certain criterias are met.
· Amendments to PSAK 16: Property, Plant and Equipment on Clarification of the Accepted
Depreciation and Amortization Methodology. The amendments provide additional explanation of the approximate indication of the
technical or commercial obsolescence of an asset. The amendments also clarify that use of the depreciation method based on revenue is not appropiate.
· Amendments to PSAK 19: Intangible Assets on Clarification of the Accepted Depreciation and Amortization Methodology.
The amendments provide clarification on the presumption that revenue is not appropriate reflects the consumption of the economic benefits embodied in the intangible assets is
rebutted in certain limited circumstances.
· Amendments to PSAK 24: Employee Benefits on a Defined Benefit Plans: Contribution from Employees.
The amendments simplify the accounting for the contribution from employees or third parties that independent on the number of years of service, for example contributions from
employees that are fixed percentage of the employee
