PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2013 and for the Year Then Ended
Figures in tables are expressed in billions of rupiah, unless otherwise stated
65
21. BANK LOANS continued
Total facility
Current Interest
Interest in
period Payment
payment rate
Borrower Currency
billions payment
schedule period
per annum Security
Bank CIMB Niaga continued August 2, 2012
g
Balebat Rp
4 1
Monthly Monthly
11.00 Property
2012-2015 and
equipment Note 11,
inventories Note 7,
and trade
receivables Note 6
September 20, 2012
a
TLT Rp
1,150 -
Monthly Monthly
3 Month Property
2015-2030 JIBOR
and +3.45
equipment Note 11
September 20, 2012
a
TLT Rp
118 -
Monthly Monthly
9.00 Property
2015-2030 and
equipment Note 11
October 10, 2012
g
Balebat Rp
1 0.5
Monthly Monthly
11.00 Property
2012-2015 and
equipment Note 11,
inventories Note 7,
and trade
receivables Note 6
August 26, 2013 Balebat
Rp 3.5
0.2 Monthly
Monthly 11.00
Property 2013-2018
and equipment
Note 11, inventories
Note 7, and
trade receivables
Note 6 Bank Ekonomi
September 10, 2008
ah
Sigma Rp
33 15
Monthly Monthly
9.00 Property
2009-2015 and
equipment Note 11
and trade receivables
Note 6 August 7, 2009
ah
Sigma Rp
35 3
Monthly Monthly
9.00 Property
for some and
installments equipment
2009-2013 Note 11
and trade receivables
Note 6 August 7, 2009
ah
Sigma Rp
20 7
Monthly Monthly
9.00 Property
for some and
installments equipment
2009-2014 Note 11
and trade receivables
Note 6 February 23, 2011
ah
Sigma Rp
30 16
Monthly Monthly
9.00 Property
2011-2015 and
equipment Note 11
and trade receivables
Note 6
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2013 and for the Year Then Ended
Figures in tables are expressed in billions of rupiah, unless otherwise stated
66
21. BANK LOANS continued
Total facility
Current Interest
Interest in
period Payment
payment rate
Borrower Currency
billions payment
schedule period
per annum Security
Bank Ekonomi continued February 23, 2011
ah
Sigma US
0.002 0.0003
Monthly Monthly
6.00 Property
2011-2015 and
equipment Note 11
and trade receivables
Note 6 Bank Bukopin
August 4, 2011
i
Patrakom Rp
9 2
Monthly Monthly
11.00 Property
2012-2015 and
equipment Note 11
and trade receivables
Note 6 June 28, 2013
Patrakom Rp
35 1.5
Monthly Monthly
11.00 Property
2013-2016 and
equipment Note 11
December 18, 2012 Patrakom
US 0.013
0.0003 Monthly
Monthly 6.50
Property 2013-2016
and equipment
Note 11
The credit facilities obtained by the Company and subsidiaries are used for working capital purposes.
a
As stated in the agreements, the Company and subsidiaries are required to comply with all covenants or restrictions such as on dividend distribution, obtaining new loans, including maintaining financial ratios. As of December 31, 2013, the Company
and subsidiaries have complied with the ratios.
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, 2013, Telkomsel has complied with the above covenants.
c
In January 2012, the availability periods of the facilities from BCA and Bank Mandiri expired.
d
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.
e
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.
f
Based on the latest amendment on March 31, 2011
g
Based on the latest amendment in 2013
h
In March 2013, the bank loan was fully repaid by Sigma through refinancing with BNI
i
In August 2013, the bank loan was rescheduled up to February 2015
j
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
