PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2012 AND FOR THE YEAR THEN ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2011 AND FOR THE YEAR THEN ENDED AND AS OF JANUARY 1, 2011
Figures in tables are presented in billions of Rupiah, unless otherwise stated
116
44. FINANCIAL RISK MANAGEMENT continued
1. Financial risk management continued e. Liquidity risk continued
Carrying Contractual
2016 and amount
cash flows 2012
2013 2014
2015 thereafter
December 31, 2011
Trade and other payables 8,355
8,355 8,355
- -
- -
Accrued expenses 4,790
4,790 4,790
- -
- -
Loans and other borrowings Bank loans
11,291 12,763
4,852 3,854
2,468 1,156
433 Obligations under
finance leases 510
642 259
179 110
33 61
Two-step loans 2,284
2,866 374
286 279
272 1,655
Bonds and notes 3,786
5,895 708
608 407
1,258 2,914
Total 31,016
35,311 19,338
4,927 3,264
2,719 5,063
The difference of carrying amount and contractual cash flows is interest value. 2. Fair value of financial assets and financial liabilities
a. Fair value measurement Fair value is the amount for which an asset could be exchanged, or liability settled, between
knowledgeable, willing parties in an arms-length transaction. The Company and subsidiaries determined the fair value measurement for disclosure
purposes of each class of financial assets and financial liabilities based on the following methods and assumptions:
i The fair values of short-term financial assets and financial liabilities with maturities of one
year or less cash and cash equivalents, trade receivables, other receivables, other current assets, trade payables, other payables, dividend payables, accrued expenses,
advance from customers and suppliers and short-term bank loans are considered to approximate their carrying amounts as the impact of discounting is not significant .
ii Available-for-sale financial assets are primarily comprised of shares, mutual funds and Corporate and Government bonds. Shares and mutual funds actively traded in an
established market are stated at fair value using quoted market price or if unquoted, determined using a valuation technique. Corporate and Government bonds are stated at
fair value by reference to prices of similar securities at the reporting date.
iii The fair values of long-term financial liabilities are estimated by discounting the future contractual cash flows of each liability at rates offered to the Company and subsidiaries
for similar liabilities of comparable maturities by the bankers of the Company and subsidiaries, except for bonds which are based on market prices.
The fair value estimates are inherently judgmental and involve various limitations, including: a. Fair values presented do not take into consideration the effect of future currency
fluctuations. b. Estimated fair values are not necessarily indicative of the amounts that the Company and
subsidiaries would record upon disposaltermination of the financial assets and liabilities.
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2012 AND FOR THE YEAR THEN ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2011 AND FOR THE YEAR THEN ENDED AND AS OF JANUARY 1, 2011
Figures in tables are presented in billions of Rupiah, unless otherwise stated
117
44. FINANCIAL RISK MANAGEMENT continued
