Bonds and notes Note 20
43. ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES continued
2012 Rupiah U.S. dollar Japanese yen Others equivalent in millions in millions in millions in billions Liabilities Trade payables Related parties 1.49 - - 14 Third parties 320.34 - 2.41 3,120 Other payables 0.92 - 0.13 10 Accrued expenses 75.07 32.87 3.00 759 Short-term bank loans 0.42 - - 4 Advances from customers and suppliers 0.80 - 0.20 10 Current maturities of long-term liabilities 30.75 767.90 - 383 Promissory notes 68.62 - - 661 Long-term liabilities - net of current maturities 112.84 8,446.87 - 2,035 Total liabilities 611.25 9,247.64 5.74 6,996 Liabilities - net 96.38 9,246.31 1.14 1,964 Assets and liabilities denominated in other foreign currencies are presented as U.S. dollar equivalents using the buy and sell rates quoted by Reuters prevailing at the end of the reporting period. The Company and subsidiaries’ activities expose them to a variety of financial risks, including the effects of changes in debt and equity market prices, foreign currency exchange rates, and interest rates. If the Company and subsidiaries report monetary assets and liabilities in foreign currencies as of December 31, 2013 using the exchange rates on February 28, 2014, the unrealized foreign exchange gain will increase by Rp13 billion.44. FINANCIAL RISK MANAGEMENT
1. Financial risk management The Company and subsidiaries activities expose them to a variety of financial risks such as market risks including foreign exchange risk and interest rate risk, credit risk and liquidity risk. Overall, the Company and subsidiaries’ financial risk management program is intended to minimize losses on the financial assets and financial liabilities arising from fluctuation of foreign currency exchange rates and the fluctuation of interest rates. Management has a written policy for foreign currency risk management mainly on time deposit placements and hedging to cover foreign currency risk exposures for periods ranging from 3 up to 12 months. Financial risk management is carried out by the Corporate Finance unit under policies approved by the Board of Directors. The Corporate Finance unit identifies, evaluates and hedges financial risks. a. Foreign exchange risk The Company and subsidiaries are exposed to foreign exchange risk on sales, purchases and borrowings that are denominated in foreign currencies. The foreign currency denominated transactions are primarily in U.S. dollar and Japanese yen. The Company and subsidiaries’ exposures to other foreign exchange rates are not material. Increasing risks of foreign currency exchange rates on the obligations of the Company and subsidiaries are expected to be offset by the effects of the exchange rates on time deposits and receivables in foreign currencies that are equal to at least 25 of the outstanding current liabilities.Parts
» GENERAL continued Establishment and general information
» GENERAL continued Establishment and general information continued
» GENERAL continued Public offering of securities of the Company
» Public offering of securities of the Company continued
» GENERAL continued Subsidiaries continued
» Subsidiaries continued General Meeting of Shareholders “GMS”
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Principles of consolidation General Meeting of Shareholders “GMS”
» Transactions with related parties
» Investments in associated companies
» Assets held for sale Property and equipment - direct acquisitions continued
» Leases Trade payables General Meeting of Shareholders “GMS”
» Borrowings Revenue and expense recognition continued
» Employee benefits continued General Meeting of Shareholders “GMS”
» Financial instruments continued General Meeting of Shareholders “GMS”
» Dividends General Meeting of Shareholders “GMS”
» Basic earnings per share and earnings per ADS
» Segment information General Meeting of Shareholders “GMS”
» Provision General Meeting of Shareholders “GMS”
» BUSINESS COMBINATIONS Impairment of non-financial assets
» BUSINESS COMBINATIONS continued Acquisitions
» Acquisitions continued General Meeting of Shareholders “GMS”
» BUSINESS COMBINATION continued Disposal of Indonusa
» CASH AND CASH EQUIVALENTS continued
» CASH AND CASH EQUIVALENTS continued OTHER CURRENT FINANCIAL ASSETS
» TRADE RECEIVABLES Disposal of Indonusa continued
» TRADE RECEIVABLES continued Disposal of Indonusa continued
» INVENTORIES Disposal of Indonusa continued
» INVENTORIES continued Disposal of Indonusa continued
» ADVANCES AND PREPAID EXPENSES
» ASSET HELD FOR SALE LONG-TERM INVESTMENTS
» LONG-TERM INVESTMENTS continued Disposal of Indonusa continued
» PROPERTY AND EQUIPMENT Disposal of Indonusa continued
» PROPERTY AND EQUIPMENT continued
» ADVANCES AND OTHER NON-CURRENT ASSETS continued INTANGIBLE ASSETS
» INTANGIBLE ASSETS continued TRADE PAYABLES 2013
» UNEARNED INCOME 2013 Disposal of Indonusa continued
» SHORT-TERM BANK LOANS Disposal of Indonusa continued
» CURRENT MATURITIES OF LONG-TERM LIABILITIES
» TWO-STEP LOANS continued Disposal of Indonusa continued
» BONDS AND NOTES Disposal of Indonusa continued
» BANK LOANS Disposal of Indonusa continued
» BANK LOANS continued Disposal of Indonusa continued
» NON-CONTROLLING INTERESTS 2013 Disposal of Indonusa continued
» CAPITAL STOCK 2013 Disposal of Indonusa continued
» CAPITAL STOCK continued 2012 ADDITIONAL PAID-IN CAPITAL 2013
» ADDITIONAL PAID-IN CAPITAL continued TREASURY STOCK
» TREASURY STOCK continued REVENUES 2013
» REVENUES continued 2013 PERSONNEL EXPENSES 2013
» CASH DIVIDENDS AND GENERAL RESERVE
» CASH DIVIDENDS AND GENERAL RESERVE continued Appropriation of Retained Earnings
» RETIREMENT BENEFIT AND OTHER POST RETIREMENT BENEFIT OBLIGATIONS 2013
» RETIREMENT BENEFIT Pension benefit costs provisions
» RETIREMENT BENEFIT Other post-retirement benefits
» POST-RETIREMENT HEALTH CARE BENEFITS
» POST-RETIREMENT HEALTH CARE BENEFITS continued
» RELATED PARTY TRANSACTIONS Obligation under the Labor Law
» RELATED PARTY TRANSACTIONS continued a.
» RELATED PARTY TRANSACTIONS continued b. Transactions with related parties
» 3,626 2013 General Meeting of Shareholders “GMS”
» RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» 506 2013 General Meeting of Shareholders “GMS”
» 382 General Meeting of Shareholders “GMS”
» Cash and cash equivalents Note 4
» Other current financial assets Note 5
» Trade receivables - net Note 6
» Advances and prepaid expenses Note 8 Trade payables Note 14
» 432 General Meeting of Shareholders “GMS”
» Short-term bank loans Note 17
» Long-term bank loans Note 21
» RELATED PARTY TRANSACTIONS continued c.
» RELATED PARTY TRANSACTIONS continued
» SEGMENT INFORMATION Key management personnel remuneration
» SEGMENT INFORMATION continued Key management personnel remuneration
» REVENUE-SHARING ARRANGEMENTS “RSA” Key management personnel remuneration
» TELECOMMUNICATIONS SERVICE TARIFFS Key management personnel remuneration
» Fixed line telephone tariffs
» TELECOMMUNICATIONS SERVICE TARIFFS continued b. Mobile cellular telephone tariffs continued
» Interconnection tariffs General Meeting of Shareholders “GMS”
» Network lease tariffs General Meeting of Shareholders “GMS”
» SIGNIFICANT COMMITMENTS AND AGREEMENTS a.
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued a.
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