PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2010 AUDITED AND SEPTEMBER 30, 2011 UNAUDITED AND
NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2010 AND 2011 UNAUDITED Figures in tables are presented in millions of Rupiah, unless otherwise stated
45
6. TRADE RECEIVABLES continued
b. By age
i Related parties December 31, September 30,
2010 2011
Up to 6 months 559,699
870,706 7 to 12 months
157,534 278,161
More than 12 months 214,076
189,682 Total
931,309 1,338,549
Allowance for doubtful accounts 151,266
98,329
Net 780,043
1,240,220 ii Third parties
December 31, September 30, 2010
2011
Up to 3 months 3,148,973
3,830,669 More than 3 months
1,708,771 1,856,005
Total 4,857,744
5,686,674 Allowance for doubtful accounts
1,294,078 1,367,479
Net 3,563,666
4,319,195
c. By currency
i Related parties December 31, September 30,
2010 2011
Rupiah 902,875
1,289,846 U.S. Dollars
28,434 48,703
Total 931,309
1,338,549 Allowance for doubtful accounts
151,266 98,329
Net 780,043
1,240,220
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2010 AUDITED AND SEPTEMBER 30, 2011 UNAUDITED AND
NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2010 AND 2011 UNAUDITED Figures in tables are presented in millions of Rupiah, unless otherwise stated
46
6. TRADE RECEIVABLES continued
c. By currency continued
ii Third parties December 31, September 30,
2010 2011
Rupiah 4,143,578
4,917,497 U.S. Dollars
712,758 767,342
Euro 1,408
1,835 Total
4,857,744 5,686,674
Allowance for doubtful accounts 1,294,078
1,367,479
Net 3,563,666
4,319,195 d. Movements in the allowance for doubtful accounts
December 31, September 30, 2010
2011
Beginning balance 1,273,550
1,445,344 Adjustment in relation to implementation of
PSAK No. 55 Revised 2006 Note 2s 91,237
- Additions Note 36
509,415 474,127
Bad debts write-off 428,858
453,663
Ending balance 1,445,344
1,465,808
Bad debts write-off are write-off for third party’s trade receivables. Management believes that the allowance for doubtful accounts is adequate to cover losses on
non-collection of the accounts receivable. Certain trade receivables of the Company’s subsidiaries have been pledged as collateral for
lending agreements Notes 18 and 22. Refer to Note 44 for details of related party transactions.
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2010 AUDITED AND SEPTEMBER 30, 2011 UNAUDITED AND
NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2010 AND 2011 UNAUDITED Figures in tables are presented in millions of Rupiah, unless otherwise stated
47
7. INVENTORIES December 31, September 30,
2010 2011
Modules 292,924
305,261 Components
158,479 203,104
SIM cards, RUIM cards, set top box and prepaid voucher blanks 147,419
123,478 Total
598,822 631,843
Allowance for obsolescence Modules
76,264 86,103
Components 6,937
7,017 SIM cards, RUIM cards, set top box and prepaid voucher
blanks 85
97 Total
83,286 93,217
Net 515,536
538,626 Movements in the allowance for obsolescence are as follows:
December 31, September 30, 2010
2011
Beginning balance 72,174
83,286 Additions Note 36
15,345 13,639
Inventories write-off 4,233
3,708
Ending balance 83,286
93,217
Components and modules represent telephone terminals, cables, transmission installation spare parts and other spare parts.
Management believes that the allowance is adequate to cover losses from decline in inventory value due to obsolescence.
Certain inventories of the Company’s subsidiaries have been pledged as collateral for lending agreements Notes 18 and 22.
As of December 31, 2010 and September 30, 2011, modules and components held by the Company have been insured against fire, theft and other specific risks with the total sum insured as of
December 31, 2010 and September 30, 2011 is amounting to Rp.128,367 million and
Rp.218,237 million, respectively Note 44d.vii. Modules and components held by a certain subsidiary have been insured against all industrial risks
and loss risk during delivery with the total sum insured as of December 31, 2010 and September 30, 2011 amounting to Rp.15,406 million and Rp.6,650 million, respectively.
Management believes that the insurance coverage is adequate to cover potential losses of the insured inventories.
