TRADE AND OTHER RECEIVABLES continued
6. INVENTORIES
June 30, December 31, 2016 2015 Components 478 342 SIM cards, set top boxes, and blank prepaid vouchers 171 131 Others 130 96 Total 779 569 Provision for obsolescence Components 18 14 SIM cards, set top boxes and blank prepaid vouchers 27 27 Others - Total 45 41 Net 734 528 Movements in the provision for obsolescence are as follows: June 30, December 31, 2016 2015 Beginning balance 41 43 Provision recognized during the year 4 2 Inventory write off - 4 Ending balance 45 41 The inventories recognized as expense and included in operations, maintenance, and telecommunication service expenses as of June 30, 2016 and 2015 amounted to Rp1,015 billion and Rp984 billion, respectively Note 24. Management believes that the provision is adequate to cover losses from declines in inventory value due to obsolescence. Certain inventories of the Company’s subsidiaries amounting to Rp268 billion have been pledged as collateral under lending agreements Notes 15 and 16c. As of June 30, 2016 and December 31, 2015, modules and components held by the Group with book value amounting to Rp222 billion and Rp219 billion, respectively, has been insured against fire, theft, and other specific risks. Modules are recorded as part of property and equipment. Total sum insured as of June 30, 2016 and December 31, 2015 amounted to Rp291 billion, respectively. Management believes that the insurance coverage is adequate to cover potential losses of inventories arising from the insured risks. PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2016 and For the Six Months Period Then Ended unaudited Figures in tables are expressed in billions of rupiah, unless otherwise stated 407. ADVANCES AND PREPAID EXPENSES June 30,
December 31, 2016 2015 Frequency license Notes 35c.i and 35c.ii 1,775 2,935 Prepaid rental 1,373 1,055 Advances 765 729 Salaries 431 347 Imprest fund 129 28 Others each below Rp75 billion 1,133 745 Total 5,606 5,839 Refer to Note 32 for details of related party transactions.8. LONG-TERM INVESTMENTS
June 30, 2016 Share of net loss Percentage profit of of Beginning Additions associated Ending ownership balance Deductions company Dividend Translation balance Long-term investments in associated companies: Tiphone a 24.65 1,404 - 50 23 - 1,431 Indonusa b 20.00 221 - - - - 221 Teltranet c 51.00 71 - 20 - - 51 PT Melon Indonesia “Melon” d 51.00 50 - 8 - - 58 PT Integrasi Logistik Cipta Solusi “ILCS” e 49.00 40 - 3 - - 37 Telin Malaysia f 49.00 6 3 9 - - - CSM g 25.00 - - - - - - Sub-total 1,792 3 26 23 - 1,798 Other long-term investments 15 6 - - - 21 Total long-term investments 1,807 9 26 23 - 1,819Parts
» GENERAL a. Establishment and general information
» GENERAL continued a. Establishment and general information continued
» GENERAL continued b. FS English Q2 2016 FINAL
» Public offering of securities of the Company
» GENERAL continued c. Public offering of securities of the Company continued
» GENERAL continued FS English Q2 2016 FINAL
» GENERAL continued d. Subsidiaries continued
» Authorization for the issuance of the consolidated financial statements
» Principles of consolidation SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» Transactions with related parties
» Prepaid expenses SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued h. Inventories
» Intangible assets SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued h. Inventories
» Leases SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued l.
» Borrowings SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued n. Deferred charges - land rights
» Revenue and expense recognition
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued s. Employee benefits continued
» Income tax SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued s. Employee benefits continued
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued u. Financial instruments
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued u. Financial instruments continued
» Dividends SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued u. Financial instruments continued
» Basic earnings per share and earnings per ADS
» Provision SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued u. Financial instruments continued
» CASH AND CASH EQUIVALENTS continued
» OTHER CURRENT FINANCIAL ASSETS
» TRADE AND OTHER RECEIVABLES continued
» INVENTORIES FS English Q2 2016 FINAL
» ADVANCES AND PREPAID EXPENSES June 30, LONG-TERM INVESTMENTS
» LONG-TERM INVESTMENTS continued FS English Q2 2016 FINAL
» PROPERTY AND EQUIPMENT FS English Q2 2016 FINAL
» PROPERTY AND EQUIPMENT continued
» ADVANCES AND OTHER NON-CURRENT ASSETS
» INTANGIBLE ASSETS continued FS English Q2 2016 FINAL
» ACCRUED EXPENSES June 30, FS English Q2 2016 FINAL
» UNEARNED INCOME June 30, FS English Q2 2016 FINAL
» SHORT-TERM BANK LOANS AND CURRENT MATURITIES OF LONG-TERM BORROWINGS continued
» LONG-TERM BORROWINGS continued FS English Q2 2016 FINAL
» LONG-TERM BORROWINGS continued LONG-TERM BORROWINGS continued
» NON-CONTROLLING INTERESTS June, 30 2016 FS English Q2 2016 FINAL
» NON-CONTROLLING INTERESTS continued FS English Q2 2016 FINAL
» CAPITAL STOCK continued FS English Q2 2016 FINAL
» ADDITIONAL PAID-IN CAPITAL June 30,
» 2,542 ADDITIONAL PAID-IN CAPITAL continued
» TREASURY STOCK continued OTHER EQUITY RESERVES June 30,
» REVENUES 2016 FS English Q2 2016 FINAL
» OPERATION, MAINTENANCE AND TELECOMMUNICATION SERVICE EXPENSES
» GENERAL AND ADMINISTRATIVE EXPENSES TAXATION TAXATION continued
» TAXATION continued FS English Q2 2016 FINAL
» TAXATION continued TAXATION continued
» CASH DIVIDENDS AND GENERAL RESERVE
» Pension benefit costs PENSION AND OTHER POST-EMPLOYMENT BENEFITS continued
» PENSION AND OTHER POST-EMPLOYMENT BENEFITS continued a. Pension benefit costs continued
» PENSION AND OTHER POST-EMPLOYMENT BENEFITS continued b. Pension benefit costs continued
» Obligation under the Labor Law provisions
» Sensitivity Analysis PENSION AND OTHER POST-EMPLOYMENT BENEFITS continued e.
» 3.292 2016 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties
» 1,968 2016 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» 399 2016 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» 675 2016 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» 148 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» Cash and cash equivalents Note 3 13,956
» 15,028 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» b. Other current financial assets Note 4
» 1,104 Trade receivables - net Note 5 1,158
» d. Advances and prepaid expenses Note 7
» Advances and other non-current assets Note 10
» 2,075 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» 386 g. Accrued expenses Note 13
» h. Advances from customers and suppliers
» 97 Short-term bank loans Note 15
» Two-step loans Note 16a Long-term bank loans - net Note 16c
» 10,789 Significant agreements with related parties
» Key management personnel remuneration
» OPERATING SEGMENT continued FS English Q2 2016 FINAL
» Fixed line telephone tariffs
» Mobile cellular telephone tariffs
» Network lease tariffs TELECOMMUNICATIONS SERVICE TARIFFS continued c. Interconnection tariffs
» SIGNIFICANT COMMITMENTS AND AGREEMENTS a. Capital expenditures
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued a. Capital expenditures continued
» Others SIGNIFICANT COMMITMENTS AND AGREEMENTS continued b. Borrowings and other credit facilities
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued c. Others continued
» CONTINGENCIES FS English Q2 2016 FINAL
» CONTINGENCIES continued ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES
» ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES continued FINANCIAL RISK MANAGEMENT
» FINANCIAL RISK MANAGEMENT continued
Show more