PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued SEPTEMBER 30, 2005 AND 2006, AND FOR THE NINE MONTHS PERIOD ENDED
SEPTEMBER 30, 2005 AND 2006 Figures in tables are presented in millions of Rupiah, unless otherwise stated
- 59
23. NOTES AND
BONDS continued
As of September 30, 2005 and 2006, the outstanding principal and unamortized debt issuance costs are as follows:
2005 2006
Principal 790,045
465,000 Debt issuance costs
921 280
789,124 464,720
Current maturities 179,584
464,720 Long-term portion
609,540 -
As of September 30, 2006, the rating for the Notes issued by Pefindo is AAA. During the period when the Notes are outstanding, the Company should comply with all covenants
or restrictions including maintaining financial ratios as follows:
1. Debt service coverage ratio should exceed 1.5:1 2. Debt to equity ratio should not exceed 2:1
3. Debt to EBITDA ratio should not exceed 3:1
As of September 30, 2006, the Company complied with the covenants.
24. BANK LOANS
The details of long-term bank loans as of September 30, 2005 and 2006 are as follows:
2005 2006
Outstanding Outstanding
Original Original
Total Facility Currency
Rupiah Currency
Rupiah Lenders
Currency in millions
in millions Equivalent
in millions Equivalent
The Export-Import Bank of Korea
US 124.0
88.8 915,978
117.6 1,084,578
Bank Mandiri Rp
1,032,425.0 24,584.0
24,584 -
950,000 Bank Central Asia
Rp 923,000.0
100,442.0 100,442
- 793,047
Citibank N.A. US
114.8 74.2
764,948 50.8
469,039 EUR
73.4 44.0
546,696 29.3
344,282 Rp
500,000.0 -
- -
500,000 Bank BNI
Rp 300,000.0
- -
- 300,000
Consortium of banks Rp
150,000.0 85,461.0
85,461 -
43,177 Lippo Bank
Rp 18,500.0
- -
- 13,414
Bank Niaga Rp
12,800.0 8,679.0
8,679 -
7,377 Bank Bukopin
Rp 5,300.0
4,050 4,050
- 4,415
Total 2,450,838
4,509,329 Current maturities of bank loans
550,738 1,839,079
Long-term portion 1,900,100
2,670,250
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued SEPTEMBER 30, 2005 AND 2006, AND FOR THE NINE MONTHS PERIOD ENDED
SEPTEMBER 30, 2005 AND 2006 Figures in tables are presented in millions of Rupiah, unless otherwise stated
- 60
24. BANK LOANS
