SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued v. Treasury stock

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the Year Then Ended Figures in tables are expressed in billions of Rupiah, unless otherwise stated 41 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued ab. Changes in accounting policies and disclosures continued The impact of the implementation of those revised standards, comparative balance in the consolidated financial statements presented as follows: Before After restatement Restatement restatement Consolidated statement of financial position as of January 1, 2014 Total current assets 33,075 597 33,672 Total non-current assets 94,876 7 94,883 Total assets 127,951 604 128,555 Total current liabilities 28,437 597 29,034 Total non-current liabilities 22,090 710 22,800 Total liabilities 50,527 1,307 51,834 Total equity 77,424 703 76,721 Total liabilities and equity 127,951 604 128,555 Consolidated statement of financial position as of December 31, 2014 Total current assets 33,762 532 34,294 Total non-current assets 107,133 395 107,528 Total assets 140,895 927 141,822 Total current liabilities 31,786 532 32,318 Total non-current liabilities 22,984 528 23,512 Total liabilities 54,770 1,060 55,830 Total equity 86,125 133 85,992 Total liabilities and equity 140,895 927 141,822 Other new and amended standards Group has also implemented several new standards and revisions in 2015. The adoption of these standards had no significant impact on the consolidated financial statements. ac. Critical Accounting Estimates and Judgements Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Group make estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below. PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the Year Then Ended Figures in tables are expressed in billions of Rupiah, unless otherwise stated 42 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued ac. Critical accounting estimates and judgements continued