Indosat RELATED PARTY TRANSACTIONS continued b. Commissioners and Directors remuneration
44. RELATED PARTY TRANSACTIONS continued c. Indosat continued
Other agreements between Telkomsel and Indosat are as follows: i. Agreement on Construction and Maintenance for Jakarta-Surabaya Cable System J-S Cable System On October 10, 1996, Telkomsel, Lintasarta, PT Satelit Palapa Indonesia “Satelindo” and Indosat the “Parties” entered into an agreement on the construction and maintenance of the J-S Cable System and is valid for 25 years. The construction of the cable system was completed in 1998. In accordance with the agreement, Telkomsel shared 19.325 of the total construction costs. Operating and maintenance costs are shared based on an agreed formula. Telkomsels share of the operating and maintenance cost of the cable system amounted to Rp.426 million and Rp.5 million for nine months period ended September 30, 2010 and 2011, respectively. ii. IRU Agreement On September 21, 2000, Telkomsel entered into agreement with Indosat on the use of SEA-ME-WE 3 and Tail Link in Jakarta and Medan. In accordance with the agreement, Telkomsel was granted an IRU for certain capacity of the Link starting from September 21, 2000 until September 20, 2015, in return for an up-front payment of US2.7 million Note 12. In addition to the up-front payment, Telkomsel is also charged annual operating and maintenance costs amounting to US0.1 million. On December 8, 2010, the agreement was terminated with no refund of upfront payment. In 1994, the Company transferred to Satelindo the right to use a parcel of Company-owned land located in Jakarta which had been previously leased to Telekomindo. Based on the transfer agreement, Satelindo is given the right to use the land for 30 years and can apply for the right to build properties thereon. The ownership of the land is retained by the Company. Satelindo agreed to pay Rp.43,023 million to the Company for the right to use of 30 years. Satelindo paid Rp.17,210 million in 1994 while the remaining balance Rp.25,813 million was not paid because the Utilization Right “Hak Pengelolaan Lahan” or HPL on the land could not be delivered as provided in the transfer agreement. In 2000, the Company and Satelindo agreed on an alternative solution resulting in the payment being treated as a lease expense up to 2006. In 2001, Satelindo paid an additional amount of Rp.59,860 million as lease expense up to 2024. As of December 31, 2010 and September 30, 2011, the prepaid portion is shown in the consolidated statement of financial positions as “Advances from customers and suppliers”. The Company provides leased lines to Indosat and its subsidiaries, namely Indosat Mega Media, Lintasarta and PT Sistelindo Mitralintas. The leased lines can be used by these companies for telephone, telegraph, data, telex, facsimile or other telecommunication services. Revenues earned from these transactions amounted to Rp.101,486 million and Rp.92,010 million for nine months period ended September 30, 2010 and 2011, respectively, representing 0.2 of the total operating revenues for each period. 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 10644. RELATED PARTY TRANSACTIONS continued c. Indosat continued
Parts
» GENERAL a. Establishment and general information
» GENERAL continued a. Establishment and general information continued
» Public offering of securities of the Company
» Subsidiaries GENERAL continued c. Public offering of securities of the Company continued
» GENERAL continued d. Subsidiaries continued
» Authorization of the consolidated financial statements
» Basis of preparation of financial statements
» Principles of consolidation SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued f. Investments continued
» Inventories SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued g. Trade and other receivables
» Property, plant and equipment - direct acquisitions
» Property, plant and equipment under finance leases
» Foreign currency translation Revenue and expense recognition
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued q. Employee benefits continued
» Income tax Financial instruments
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued s. Financial instruments continued
» Dividends SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued s. Financial instruments continued
» Earnings per share and earnings per ADS
» TRANSLATION OF RUPIAH INTO UNITED STATES DOLLARS
» ACQUISITIONS OF AD MEDIKA CASH AND CASH EQUIVALENTS December 31, September 30,
» CASH AND CASH EQUIVALENTS continued December 31, September 30,
» CASH AND CASH EQUIVALENTS continued December 31, September 30, TRADE RECEIVABLES
» TRADE RECEIVABLES continued FS 30 Sep 11 Tlkm english
» INVENTORIES December 31, September 30, FS 30 Sep 11 Tlkm english
» ADVANCES AND PREPAID EXPENSES December 31, September 30,
» PSN LONG-TERM INVESTMENTS continued i.
» LONG-TERM INVESTMENTS continued viii. Bangtelindo PROPERTY, PLANT AND EQUIPMENT
» PROPERTY, PLANT AND EQUIPMENT continued PROPERTY, PLANT AND EQUIPMENT continued
» PROPERTY, PLANT AND EQUIPMENT continued
» ADVANCES AND OTHER NON-CURRENT ASSETS
» GOODWILL AND OTHER INTANGIBLE ASSETS continued i continued
» SHORT-TERM BANK LOANS FS 30 Sep 11 Tlkm english
» SHORT-TERM BANK LOANS continued
» MATURITIES OF LONG-TERM LIABILITIES a. Current maturities
» TWO-STEP LOANS continued FS 30 Sep 11 Tlkm english
» BONDS AND NOTES continued a. Bonds
» Promissory Notes BONDS AND NOTES continued
» BANK LOANS BANK LOANS continued
» BANK LOANS continued FS 30 Sep 11 Tlkm english
» DEFERRED CONSIDERATION FOR BUSINESS COMBINATIONS continued
» NON-CONTROLLING INTEREST December 31, September 30,
» CAPITAL STOCK FS 30 Sep 11 Tlkm english
» CAPITAL STOCK continued FS 30 Sep 11 Tlkm english
» TREASURY STOCK continued FS 30 Sep 11 Tlkm english
» TELEPHONE REVENUES 2010 FS 30 Sep 11 Tlkm english
» INTERCONNECTION REVENUES 2010 NETWORK REVENUES 2010
» OTHER TELECOMMUNICATIONS SERVICES 2010 PERSONNEL EXPENSES 2010
» OPERATIONS, MAINTENANCE AND TELECOMMUNICATION SERVICES EXPENSES 2010
» Claim for tax refund December 31, September 30,
» TAXATION continued c. Taxes payable
» TAXATION continued FS 30 Sep 11 Tlkm english
» TAXATION continued g. Deferred tax assets and liabilities
» CASH DIVIDENDS AND GENERAL RESERVE
» PENSION AND OTHER POST-RETIREMENT BENEFITS December 31, September 30,
» PENSION AND OTHER POST-RETIREMENT BENEFITS continued a. Pension continued
» The Company continued December 31, December 31,
» Telkomsel continued December 31, September 30,
» Other post-retirement benefits Infomedia
» POST-RETIREMENT HEALTH CARE BENEFITS
» are as follows: FS 30 Sep 11 Tlkm english
» Government RELATED PARTY TRANSACTIONS
» Indosat RELATED PARTY TRANSACTIONS continued b. Commissioners and Directors remuneration
» RELATED PARTY TRANSACTIONS continued c. Indosat continued
» Others RELATED PARTY TRANSACTIONS continued c. Indosat continued
» RELATED PARTY TRANSACTIONS continued d. Others continued
» Cash and cash equivalents Note 5
» Temporary investments RELATED PARTY TRANSACTIONS continued d. Others continued
» 1,240,220 Trade receivables - net Note 6 780,043
» Trade payables Note 15 RELATED PARTY TRANSACTIONS continued
» 674,346 RELATED PARTY TRANSACTIONS continued
» k. RELATED PARTY TRANSACTIONS continued
» 1,487,906 RELATED PARTY TRANSACTIONS continued
» l. RELATED PARTY TRANSACTIONS continued
» n. Accrued LSA Note 42 242,149
» Accrued pension and other post-retirement
» 692,671 RELATED PARTY TRANSACTIONS continued
» 2,830,218 RELATED PARTY TRANSACTIONS continued
» 5,825,771 RELATED PARTY TRANSACTIONS continued
» SEGMENT INFORMATION FS 30 Sep 11 Tlkm english
» SEGMENT INFORMATION continued FS 30 Sep 11 Tlkm english
» REVENUE-SHARING ARRANGEMENTS “RSA” FS 30 Sep 11 Tlkm english
» Fixed line telephone tariffs
» RSA continued TELECOMMUNICATIONS SERVICES TARIFFS continued c. Interconnection tariffs continued
» VoIP interconnection tariff Network lease tariff
» Tariff for other services Universal Service Obligation “USO”
» TELECOMMUNICATIONS SERVICES TARIFFS continued h. USO continued COMMITMENTS a. Capital expenditures
» COMMITMENTS continued a. Capital expenditures continued
» Borrowings and other credit facilities Others
» COMMITMENTS continued c. Others continued
» CONTINGENCIES FS 30 Sep 11 Tlkm english
» CONTINGENCIES continued FS 30 Sep 11 Tlkm english
» ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES continued
» Interest rate risk continued
» FINANCIAL ASSETS AND LIABILITIES continued
» SUBSEQUENT EVENTS FS 30 Sep 11 Tlkm english
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