INTERCONNECTION AND TELECOMMUNICATIONS SERVICE CHARGES
25. TAXATION continued
c. Corporate income tax expensesbenefit continued
2007 2008 2009 2009 2010 1 year 1 year 1 year 3 months 3 months Accumulated tax losses 127,316 113,075 543,228 543,228 - Tax loss adjustment 2005 8,442 - - - - Tax loss adjustment 2006 - 5,208 25,817 - - Tax loss adjustment 2007 - - 82,052 - - Tax loss adjustment 2008 - - 9,849 - - Taxable lossincome 113,075 543,228 36,469 1,645,538 694,988 Current tax expense - The Company - - 10,211 - 173,697 Less: Prepaid corporate tax 85,438 210,373 79,545 26,136 69,908 Overunder payment of corporate income tax 85,438 210,373 69,334 26,136 103,789 In accordance with Indonesian Taxation Law, corporate income tax is calculated for the Company and each of its subsidiaries in the understanding that they are separate legal entities consolidated financial statements are not permitted for computing corporate income tax. In September 2008, the Indonesian government issued a new income tax regulation which become effective commencing 1 January 2009. With this regulation, the corporate income tax rate reduced to a fixed rate of 28 in 2009 and 25 in 2010 onwards. On 31 December 2008 and 2009 the Company adjusted the deferred tax assets and liabilities to align with the changes in the corporate income tax rate. For fiscal year 2009, The Company will notify extension of Corporate Income Tax Return submission up to 30 June 2010 based on the prevailing regulation. In these consolidated financial statement, the amount of tax income for the period ended 31 March 2009 and 31 March 2010, and for the years ended 31 December 2009 are based on preliminary calculation. These amounts may differ from tax income reported in the Corporate Income Tax Return. There is no significant difference between the amount of tax incomeloss for the years ended 31 December 2007 and 2008 and the amount reported in the Corporate Income Tax Returns.d. Deferred tax liabilities
31122006 Charged credited to consolidated statement of income Prior year adjustment charged to consolidated statement of income 31122007 Difference between commercial and fiscal depreciation and amortisation 422,347 298,956 - 721,303 Allowance for bad debt expense 25,445 10,257 - 35,702 Provision for salaries and employee benefits 11,553 26,395 - 37,948 Tax losses carried forward 38,196 1,740 2,532 33,924 347,153 264,044 2,532 613,729Parts
» Company’s Public Offerings continued
» Investment license GENERAL continued
» Investment license continued Operating license
» Operating licence continued GENERAL continued
» Board of Directors, Commissioners and Audit Committee
» Board of Directors, Commissioners and Audit Committee continued
» Basis for preparation of the consolidated financial statements
» Principles of consolidation SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Related party transactions SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Recognition of revenues and expenses i
» Trade receivables SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Inventories SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Leases SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Leases continued i SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Fixed assets and depreciation
» Fixed assets and depreciation continued
» Intangible assets SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Loans Bond and share issue costs
» Derivative financial instruments SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Derivative financial instruments continued
» Foreign currency translation SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Taxation SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Taxation continued SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Employee benefits Short-term employee benefits
» Employee benefits continued Post-employment benefits continued
» Financial assets and liabilities
» Financial assets and liabilities continued
» Financial assets and liabilities continued Financial liabilities continued
» Earningloss per share SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Dividends SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Use of estimates SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» CORRECTION OF THE CONSOLIDATED FINANCIAL STATEMENTS AS AT AND FOR THE
» CASH AND CASH EQUIVALENTS continued
» TRADE RECEIVABLES - THIRD PARTIES
» TRADE RECEIVABLES - THIRD PARTIES continued
» ADVANCES AND PREPAYMENTS Daftar Laporan Audit
» OTHER ASSETS Daftar Laporan Audit
» FIXED ASSETS Daftar Laporan Audit
» FIXED ASSETS continued Daftar Laporan Audit
» SHORT-TERM LOANS Daftar Laporan Audit
» DEFERRED REVENUE LONG-TERM LOANS
» LONG-TERM LOANS continued Daftar Laporan Audit
» LONG-TERM LOANS continued LONG-TERM BONDS
» LONG-TERM BONDS continued PROVISIONS
» Estimated liabilities for assets restoration
» Post-employment benefits PROVISIONS continued
» SHARE CAPITAL AND ADDITIONAL PAID-IN CAPITAL
» SHARE CAPITAL AND ADDITIONAL PAID-IN CAPITAL continued
» APPROPRIATED RETAINED EARNINGS EARNINGLOSS PER SHARE
» EARNINGLOSS PER SHARE continued
» REVENUE Daftar Laporan Audit
» INFRASTRUCTURE EXPENSES Daftar Laporan Audit
» INTERCONNECTION AND TELECOMMUNICATIONS SERVICE CHARGES
» SALES AND MARKETING EXPENSES
» SALARIES AND EMPLOYEE BENEFITS
» Corporate income tax expensesbenefit continued
» Deferred tax liabilities TAXATION continued
» Deferred tax liabilities continued
» Tax assessments 2001 fiscal year
» Tax assessments continued 2004 fiscal year
» Nature of transactions and relationships with related parties continued Cash and cash equivalents
» Trade receivables RELATED PARTY INFORMATION continued
» Other receivables RELATED PARTY INFORMATION continued
» Revenue RELATED PARTY INFORMATION continued
» Revenue continued RELATED PARTY INFORMATION continued
» Interconnection charges RELATED PARTY INFORMATION continued
» Other telecommunications service costs
» Rental expense RELATED PARTY INFORMATION continued
» Service expense RELATED PARTY INFORMATION continued
» Salaries and allowances for Board of Directors and Commissioners
» Operating lease commitments COMMITMENTS
» DERIVATIVE INSTRUMENTS Daftar Laporan Audit
» DERIVATIVE INSTRUMENTS continued Daftar Laporan Audit
» CONTINGENCY Daftar Laporan Audit
» TARIFF SYSTEM Daftar Laporan Audit
» General purchase agreement with Ericsson AB
» Maintenance agreements and installation agreement with PT Ericsson Indonesia
» System implementation and integration agreement with AMDOCS
» System implementation and integration agreement with AMDOCS continued
» Supply, installation and maintenance agreement with PT Huawei Tech Investment “HTI”
» Equipment supply, maintenance and installation agreement with PT Alita Praya Mitra
» Fibre optic cable installation along the railroad in Java island and land lease to build
» Interconnection agreements SIGNIFICANT AGREEMENTS WITH THIRD PARTIES continued
» International roaming agreements SIGNIFICANT AGREEMENTS WITH THIRD PARTIES continued
» Leased line agreements SIGNIFICANT AGREEMENTS WITH THIRD PARTIES continued
» Consortium agreement, Palapa Ring Construction and Maintenance
» Master Tower Lease Agreement
» Fiber optics lease agreement
» National roaming agreement SIGNIFICANT AGREEMENTS WITH THIRD PARTIES continued
» Joint construction of submarine fiber optic link agreement
» MONETARY ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES
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