BUSINESS COMBINATION continued b. Disposal of Indonusa continued
4. CASH AND CASH EQUIVALENTS continued
Interest rates per annum on time deposits are as follows: March 31, 2014 December 31, 2013 Rupiah 2.47-11.50 1.00 - 11.50 Foreign currencies 0.03-2.70 0.03-3.00 The related parties in which the Company and subsidiaries place their funds are state-owned banks. The Company and subsidiaries placed a majority of their cash and cash equivalents in these banks because they have the most extensive branch networks in Indonesia and are considered to be financially sound banks, as they are owned by the State. Refer to Note 37 for details of related party transactions.5. OTHER CURRENT FINANCIAL ASSETS March 31,
December 31, 2014 2013 Time deposits Related parties BRI 400 1,000 Others 20 19 Sub-total 420 1,019 Third parties CIMB Niaga 700 1,800 OCBC NISP 600 1,600 SCB 355 1,859 Others 12 10 Sub-total 1,667 5,269 Total time deposits 2,087 6,288 Available-for-sale financial assets Related parties Government 131 133 State-owned enterprises 72 74 Sub-total 203 207 Third parties 67 65 Total available-for-sale financial assets 270 272 Derivative asset - Put Option 297 297 Others 1 15 Total 2,655 6,872 As of March 31, 2014 and December 31, 2013, time deposits denominated in foreign currency amounted to Rp55 billion and Rp59 billion, respectively. The time deposits have maturities of more than three months but not more than one year, with interest rates as follows: March 31, December 31, 2014 2013 Rupiah 1.60 - 10.50 1.60 - 10.50 Foreign currency 0.10 - 1.10 1.00 - 1.10 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of March 31, 2014 and for three months period then ended unaudited Figures in tables are expressed in billions of rupiah, unless otherwise stated 41 Refer to Note 37 for details of related party transactions.6. TRADE RECEIVABLES
Trade receivables arise from services provided to both retail and non-retail customers, with details as follows: a. By debtor i Related parties March 31, December 31, 2014 2013 State-owned enterprises 937 877 PT Indosat Tbk “Indosat” 207 48 Indonusa 93 180 CSM 56 45 Others 210 241 Total 1,503 1,391 Provision for impairment of receivables 550 491 Net 953 900 ii Third parties March 31, December 31, 2014 2013 Individual and business subscribers 7,810 7,010 Overseas international carriers 406 497 Total 8,217 7,507 Provision for impairment of receivables 2,626 2,381 Net 5,590 5,126 Trade receivables from certain parties are presented net of the Company and subsidiaries’ liabilities to such parties due to the existence of a legal right of set-off in accordance with the agreements with those parties. b. By age i Related parties March 31, December 31, 2014 2013 Up to 6 months 711 836 7 to 12 months 313 223 More than 12 months 479 332 Total 1,503 1,391 Provision for impairment of receivables 550 491 Net 953 900Parts
» Consolidated Financial Statements Unaudited 1Q 2014
» GENERAL a. Establishment and general information
» GENERAL continued a. Establishment and general information continued
» GENERAL continued c. Public offering of securities of the Company continued
» GENERAL continued d. Subsidiaries GENERAL continued d. Subsidiaries continued
» GENERAL continued d. Subsidiaries continued
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued b. Principles of consolidation
» Transactions with related parties
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued d. Business combinations continued
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued e. Cash and cash equivalents
» Investments in associated companies
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued h. Inventories continued
» Prepaid expenses Consolidated Financial Statements Unaudited 1Q 2014
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued l.
» Leases Consolidated Financial Statements Unaudited 1Q 2014
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued o. Trade payables
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued r. Revenue and expense recognition
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued s. Employee benefits continued
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued u. Financial instruments
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued u. Financial instruments continued
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued w. Dividends
» Basic earnings per share and earnings per ADS
» Segment information Consolidated Financial Statements Unaudited 1Q 2014
» Provision Consolidated Financial Statements Unaudited 1Q 2014
» Retirement benefits Consolidated Financial Statements Unaudited 1Q 2014
» Retirement benefits continued Consolidated Financial Statements Unaudited 1Q 2014
» Impairment of non-financial assets
» BUSINESS COMBINATIONS a. Acquisitions
» BUSINESS COMBINATION continued b. Disposal of Indonusa continued
» CASH AND CASH EQUIVALENTS continued 31 Maret 2014
» CASH AND CASH EQUIVALENTS continued OTHER CURRENT FINANCIAL ASSETS March 31,
» TRADE RECEIVABLES Disposal of Indonusa
» TRADE RECEIVABLES continued Disposal of Indonusa
» TRADE RECEIVABLES continued INVENTORIES March 31,
» INVENTORIES continued Disposal of Indonusa
» LONG-TERM INVESTMENTS Disposal of Indonusa
» LONG-TERM INVESTMENTS continued Disposal of Indonusa
» PROPERTY AND EQUIPMENT Disposal of Indonusa
» PROPERTY AND EQUIPMENT continued
» ADVANCES AND OTHER NON-CURRENT ASSETS continued INTANGIBLE ASSETS
» INTANGIBLE ASSETS continued Disposal of Indonusa
» UNEARNED INCOME March 31, Disposal of Indonusa
» SHORT-TERM BANK LOANS Disposal of Indonusa
» CURRENT MATURITIES OF LONG-TERM LIABILITIES
» TWO-STEP LOANS continued Disposal of Indonusa
» BANK LOANS BANK LOANS continued
» BANK LOANS continued Disposal of Indonusa
» NON-CONTROLLING INTERESTS March 31, Disposal of Indonusa
» CAPITAL STOCK March 31, 2014 Disposal of Indonusa
» OPERATIONS, MAINTENANCE AND TELECOMMUNICATION SERVICE EXPENSES 2014
» GENERAL AND ADMINISTRATIVE EXPENSES 2014 TAXATION TAXATION
» TAXATION continued TAXATION continued
» BASIC AND DILUTED EARNINGS PER SHARE
» CASH DIVIDENDS AND GENERAL RESERVE
» CASH DIVIDENDS AND GENERAL RESERVE continued Appropriation of Retained Earnings
» RETIREMENT BENEFIT AND OTHER POST RETIREMENT BENEFIT OBLIGATIONS March 31,
» RETIREMENT BENEFIT AND OTHER POST RETIREMENT BENEFIT OBLIGATIONS continued
» Pension benefit costs provisions continued
» POST-RETIREMENT HEALTH CARE BENEFITS
» POST-RETIREMENT HEALTH CARE BENEFITS continued
» RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» 1,002 2014 136 2014 Consolidated Financial Statements Unaudited 1Q 2014
» Cash and cash equivalents Note 4 13,627
» 11,736 Consolidated Financial Statements Unaudited 1Q 2014
» b. Other current financial assets Note 5
» Trade receivables - net Note 6 953
» Trade payables Note 14 Consolidated Financial Statements Unaudited 1Q 2014
» Short-term bank loans Note 17
» Long-term bank loans Note 21
» RELATED PARTY TRANSACTIONS continued
» SEGMENT INFORMATION Key management personnel remuneration
» SEGMENT INFORMATION continued Key management personnel remuneration
» REVENUE-SHARING ARRANGEMENTS “RSA” Key management personnel remuneration
» TELECOMMUNICATIONS SERVICE TARIFFS Key management personnel remuneration
» TELECOMMUNICATIONS SERVICE TARIFFS continued b. Mobile cellular telephone tariffs continued
» Interconnection tariffs Consolidated Financial Statements Unaudited 1Q 2014
» Network lease tariffs Consolidated Financial Statements Unaudited 1Q 2014
» SIGNIFICANT COMMITMENTS AND AGREEMENTS
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued a. Capital expenditures continued
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued c. Others
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued c. Others continued
» CONTINGENCIES Borrowings and other credit facilities
» CONTINGENCIES continued Borrowings and other credit facilities
» ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES
» ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES continued FINANCIAL RISK MANAGEMENT
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