PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2013 UNAUDITED AND FOR SIX MONTHS PERIOD ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2012 AUDITED AND FOR SIX MONTHS PERIOD ENDED JUNE 30, 2012 UNAUDITED
Figures in tables are presented in billions of Rupiah, unless otherwise stated
17
1. GENERAL continued
d. Subsidiaries continued
f Infomedia continued On December 17, 2012, based on notarial deed No. 231 of M. Kholid Artha, SH. dated
December 17, 2012, Infomedia purchased 1,778 and 1,777, shares of Balebat, a subsidiary of Infomedia, or the equivalent of 15.73 and 15.73, respectively, of Balebat s total
ownership, with a transaction value of Rp4.4 billion and Rp4.4 billion, respectively, from Zikra Lukman and Siti Chadijah, non-controlling interests. The difference between acquisition cost
and the carrying amount of the interests acquired amounting to Rp1 billion is recorded as
Difference due to acquisition of non-controlling interest in subsidiaries in the equity account of the consolidated statements of financial position.
g Indonusa On June 4 2013, the Company signed Conditional Sale and Purchase of Shares Agreement
CSPA with PT Trans Corpora and PT Trans Media Corpora to sell 80 of share-
ownership in Indonusa. The closing of transaction will be executed no later than 93 days after the agreement date, or such other date as may be agreed in writing by the parties.
e. Authorization of the consolidated financial statements
The consolidated financial statements were prepared and approved to be issued by the Board of Directors on July 19, 2013.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The consolidated financial statements of the Company and subsidiaries have been prepared in accordance with Indonesian Financial Accounting Standards Pernyataan Standar Akuntansi
Keuangan or PSAK and Regulation No. VIII.G.7 of the Capital Market and Financial Institution Supervisory Agency Bapepam-LK regarding the Presentations and Disclosures of Financial
Statements of Issuers or Public Companies, enclosed in the decision letter KEP- 347BL2012
.
a. Basis of preparation of financial statements
The consolidated financial statements, except for the consolidated statements of cash flows, are prepared on the accrual basis. The measurement basis used is historical cost, except for certain
accounts which are measured using the basis mentioned in the relevant notes herein.
The consolidated statements of cash flows are prepared using the direct method and present the changes in cash and cash equivalents from operating, investing and financing activities.
Figures in the consolidated financial statements are presented and rounded to billions of Indonesian Rupiah Rp , unless otherwise stated.
Changes to the statements of financial accounting standards PSAKs and interpretations of statements of financial accounting standards Interpretasi Standar Akuntansi
Keuangan or ISAKs
On January 1, 2013, the Company and subsidiaries adopted new and revised PSAKs and ISAKs which were effective in 2013. Changes to the Company and subsidiaries accounting policies
have been made as required in accordance with the transitional provisions in the respective standards and interpretations.
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2013 UNAUDITED AND FOR SIX MONTHS PERIOD ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2012 AUDITED AND FOR SIX MONTHS PERIOD ENDED JUNE 30, 2012 UNAUDITED
Figures in tables are presented in billions of Rupiah, unless otherwise stated
18
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
a. Basis of preparation of financial statements continued
The adoption of these newrevised standards and interpretations had no material effect to the consolidated financial statements disclosure and presentation:
PSAK 38, Entities Under Common Control Business Combination
PSAK 60 Revised 2010, Financial Instruments: Disclosures .
b. Principles of consolidation
The consolidated financial statements include the assets and liabilities of the Company and subsidiaries in which the Company, directly or indirectly has ownership of more than half of the
voting power and has the ability to govern the financial and operating policies of the entity unless, in exceptional circumstances, it can be clearly demonstrated that such ownership does not
constitute control, or the Company has the ability to control the entity, even though the ownership is less than or equal to half of the voting power. Subsidiaries are consolidated from the date on
which effective control is obtained and are no longer consolidated from the date control ceases.
Non-controlling interest represents the portion of the profit and loss and net assets of the subsidiaries not attributable, directly or indirectly, to the Company. Profit or loss and each
component of other comprehensive income are attributed to the owners of the Company and to the non-controlling interests proportionally in accordance with its ownership in the subsidiaries.
Non-controlling interests are presented under the equity section in the consolidated statement of financial position, separately from the owners of the Company s equity. In the consolidated
statement of compherensive income, total profit or loss and total comprehensive income that can be attributed to the owners of the Company and to the non-controlling interests are presented
separately, and not presented as income or expense.
Intercompany balances and transactions have been eliminated in the consolidated financial statements.
c. Transactions with related parties
The Company and subsidiaries have transactions with related parties. The definition of related parties used is in accordance with the Bapepam-LK s Regulation No. VIII.G.7 regarding the
Presentations and Disclosures of Financial Statements of Issuers or Public companies, enclosed in the decision letter No. KEP-347BL2012. The party which is considered as a related party is a
person or entity that is related to the entity that is preparing its financial statements.
Under Bapepam-LK s Regulation No. VIII.G.7 regarding the Presentations and Disclosures of Financial Statements of Issuers or Public companies, enclosed in the decision letter No. KEP-
347BL2012, a government-related entity is an entity that is controlled, jointly controlled or significantly influenced by a government. Government in this context is the Minister of Finance or
the Local Government, as the shareholder of the entity. Previously, the Company and subsidiaries applied the definition of related parties under PSAK 7 Related Parties .
