PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2013 and for the Year Then Ended
Figures in tables are expressed in billions of rupiah, unless otherwise stated
40
3. BUSINESS COMBINATION continued
b. Disposal of Indonusa continued
The Company recognized the gain on sale of Indonusa shares in the consolidated statement of comprehensive income of the current year as follows:
Amount Fair value of considerations received:
Cash 926
Put Option 289
Fair value of interest retained in Indonusa Note 10 182
Carrying amount of assets and liabilities of Indonusa 14
Gain on sale of shares 1,383
4. CASH AND CASH EQUIVALENTS
2013 2012
Cash on hand 7
7 Cash in banks
Related parties Rupiah
PT Bank Mandiri Persero Tbk “Bank Mandiri” 804
913 PT Bank Negara Indonesia Persero Tbk “BNI”
409 284
PT Bank Rakyat Indonesia Persero Tbk “BRI” 70
87 PT Bank Tabungan Negara Persero Tbk “BTN”
50 13
Others 6
1 1,339
1,298 Foreign currencies
Bank Mandiri 458
222 BNI
224 20
BRI 75
2 Others
757 244
Sub-total 2,096
1,542 Third parties
Rupiah Deutsche Bank AG “DB”
62 62
Others each below Rp50 billion 163
162 225
224 Foreign currencies
Standard Chartered Bank “SCB” 313
112 Others each below Rp50 billion
102 65
415 177
Sub-total 640
401 Total cash in banks
2,736 1,943
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2013 and for the Year Then Ended
Figures in tables are expressed in billions of rupiah, unless otherwise stated
41
4. CASH AND CASH EQUIVALENTS continued
2013 2012
Time deposits Related parties
Rupiah BRI
2,445 2,883
BNI 1,975
1,511 Bank Mandiri
1,271 312
BTN 375
401 PT Bank Syariah Mandiri ”BSM”
50 23
Others each below Rp20 billion -
20 6,116
5,150 Foreign currencies
BRI 3,260
1,966 BNI
264 112
Bank Mandiri -
222 3,524
2,300 Sub-total
9,640 7,450
Third parties Rupiah
PT Bank Central Asia Tbk “BCA” 599
- PT Bank Mega Tbk “Bank Mega”
275 335
PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk “BJB”
245 170
PT Bank Muamalat Indonesia Tbk 150
153 PT Bank Yudha Bhakti
145 -
PT Bank Tabungan Pensiunan Nasional Tbk 136
167 PT Bank Internasional Indonesia Tbk “BII”
126 120
PT Bank CIMB Niaga Tbk “Bank CIMB Niaga” 83
225 PT Bank Ekonomi Raharja Tbk “Bank Ekonomi”
73 -
PT Bank Panin Tbk 70
100 PT Bank Bukopin Tbk “Bank Bukopin”
65 160
PT Bank OCBC NISP Tbk “OCBC NISP” -
400 Citibank N.A. “Citibank”
- 400
PT Bank Danamon Indonesia Tbk “Bank Danamon” -
61 PT Bank UOB Indonesia “Bank UOB”
- 60
Others each below Rp50 billion 102
46 2,069
2,397 Foreign currencies
OCBC NISP 244
517 SCB
- 804
244 1,321
Sub-total 2,313
3,718 Total time deposits
11,953 11,168
Grand Total 14,696
13,118
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2013 and for the Year Then Ended
Figures in tables are expressed in billions of rupiah, unless otherwise stated
42
4. CASH AND CASH EQUIVALENTS continued
Interest rates per annum on time deposits are as follows:
2013 2012
Rupiah 1.00 - 11.50
2.25 - 8.50 Foreign currencies
0.03 - 3.00 0.05 - 3.50
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
2013 2012
Time deposits Related parties
BRI 1,000
1,650 Others
19 -
Sub-total 1,019
1,650 Third parties
SCB 1,859
1,350 CIMB Niaga
1,800 -
OCBC NISP 1,600
1,000 Others
10 -
Sub-total 5,269
2,350 Total time deposits
6,288 4,000
Available-for-sale financial assets Related parties
Government 133
123 State-owned enterprises
74 67
PT Bahana Securities “Bahana” -
48 Sub-total
207 238
Third parties 65
72 Total available-for-sale financial assets
272 310
Derivative asset - Put Option 297
- Others
15 28
Total 6,872
4,338
As of December 31, 2013 and 2012, time deposits denominated in foreign currency amounted to Rp59 billion and Rp0, respectively.
The time deposits have maturities of more than three months but not more than one year, with interest rates as follows:
2013 2012
Rupiah 1.60 - 10.50
6.25 - 6.75 Foreign currency
1.00 - 1.10 -
Refer to Note 37 for details of related party transactions.