PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2014 and for the Year Then Ended
Figures in tables are expressedin billions of Rupiah, unless otherwise stated
70
21. BANK LOANS continued
a
As stated in the agreements, the Group is required to comply with all covenants or restrictions such as dividend distribution, obtaining new loans, including maintaining financial ratios. As of December 31, 2014, the Group has complied with all
covenants as restrictions.
b
Telkomsel has no collateral for its bank loans, or other credit facilities. The terms of the various agreements with Telkomsel’s lenders and financiers require compliance with a number of pledges and negative pledges as well as financial and other
covenants, which include, among other things, certain restrictions on the amount of dividends and other profit distributions which could adversely affect Telkomsel’s capacity to comply with its obligation under the facility. The terms of the relevant
agreements also contain default and cross default clauses. As of December 31, 2014, Telkomsel has complied with the above covenants.
c
Pursuant to the agreements with PT Ericsson Indonesia “Ericsson Indonesia” and Ericsson AB Note 41a.ii, Telkomsel entered into an EKN-Backed Facility Agreement “facility” with ABN Amro Bank N.V. Stockholm branch as “the original
lender” and Standard Chartered Bank as “the original lender” , “the arranger”, “the facility agent” and “the EKN agent”, and ABN Amro Bank N.V., Hong Kong as “the arranger” for the purchase of Ericsson telecommunication equipment and
services. The facilities consist of facility 1, 2, and 3 amounting to US117 million, US106 million, and US95 million, respectively. The availability period of facility 1, 2, and 3 expired in July 2010, March 2011 and November 2011, respectively.
In October 2011, EKN agreed to reduce the premium on the unused facility by US3 million through a cash refund.
d
In connection with the agreement with NSW-Fujitsu Consortium, the Company entered into a loan agreement with JBIC, the international arm of Japan Finance Corporation, for the purchase of NSW-Fujitsu Consortium telecommunication equipment
and services. The facilities consist of facility A and B amounting to US36 million and US24 million, respectively.
e
Based on the latest amendment on March 31, 2011
f
Based on the latest amendment on September 22, 2014
g
In connection with the agreement with NEC Corporation Consortium and TE SubCom, the Company entered into a loan agreement with JBIC, for the procurement of goods and services from NEC Corporation Consortium and TE SubCom for the
Southeast Asia Japan Cable System project. The facilities consist of facility A and facility B amounting to US18.8 million and US12.5 million, respectively
22. NON-CONTROLLING INTERESTS
2014 2013
Non-controlling interests in net assets of subsidiaries: Telkomsel
18,063 16,735
GSD 125
58 Metra
88 87
TII 42
- Patrakom
- 2
Total 18,318
16,882 2014
2013
Non-controlling interests in total comprehensive income loss of subsidiaries:
Telkomsel 6,790
6,071 Metra
22 20
TII 3
- Patrakom
- GSD
7 6
Total 6,808
6,085
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2014 and for the Year Then Ended
Figures in tables are expressedin billions of Rupiah, unless otherwise stated
71
23. CAPITAL STOCK 2014
Number of Percentage Total
Description shares
of ownership paid-up capital
Series A Dwiwarna share Government
1 Series B shares
Government 51,602,353,559
52.56 2,580
The Bank of New York Mellon Corporation 9,472,920,180
9.65 474
Directors Note 1b: Indra Utoyo
27,540 Honesti Basyir
540 Dian Rachmawan
60,540 Public individually less than 5
37,100,491,240 37.79
1,855 Total
98,175,853,600 100.00
4,909 Treasury stock Note 25
2,624,142,800 -
131
Total 100,799,996,400
100.00 5,040
2013 Number of Percentage
Total Description
shares of ownership paid-up capital
Series A Dwiwarna share Government
1 Series B shares
Government 51,602,353,559
53.14 2,580
The Bank of New York Mellon Corporation 10,031,129,780
10.33 502
Directors Note 1b: Indra Utoyo
27,540 Honesti Basyir
540 Priyantono Rudito
540 Sukardi Silalahi
540 Public individually less than 5
35,467,341,100 36.53
1,773 Total
97,100,853,600 100.00
4,855 Treasury stock Note 25
3,699,142,800 -
185
Total 100,799,996,400
100.00 5,040
The Bank of New York Mellon Corporation serves as the Depositary of registered ADS holders for the Company’s ADSs.
The Company issued only 1 Series A Dwiwarna share which is held by the Government and cannot be transferred to any party, and has a veto in the General Meeting of Stockholders of the Company
with respect to election and removal from the Boards of Commissioners and Directors, issuance of new shares, and amendments of the Company’s Articles of Association.