PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued JUNE 30, 2008 AND 2009,
AND SIX MONTHS PERIOD ENDED JUNE 30, 2008 AND 2009 Figures in tables are presented in millions of Rupiah, unless otherwise stated
54
19. SHORT-TERM BANK LOANS continued
b. Bank CIMB Niaga On April 25, 2005, Balebat entered into a Rp.800 million, 12 per annum fixed rate revolving
credit facility and Rp.1,600 million investment credit facility agreement with Bank CIMB Niaga. These credit facilities are secured by Balebat’s property, plant and equipment located in West
Java up to a maximum of Rp.3,350 million Note 11. The applicable fixed interest rate and maturity date of the revolving credit facility was amended on July 26, 2005 from 12 per annum
to 12.5 per annum and May 30, 2006, respectively and subsequently on June 13, 2006 to 16.5 per annum and May 30, 2007, respectively. Based on the latest amendment, the revolving
credit facility amounting to Rp.800 million was combined with the short-term fixed credit facility of Rp.4,000 million Note 23f. Additionally, Balebat obtained a credit facility of Rp.500 million with a
fixed interest rate of 16.75 per annum, maturing on May 30, 2007. On May 23, 2007, the loan agreement was amended 4
th
amendment agreement to increase the maximum facility amount and interest rate to Rp.15,000 million and 13 per annum respectively, for the period up to
May 29, 2008. On April 29, 2008, the loan agreement was amended to change the maturity period to May 29, 2009 and change rate from 13 per annum to 11 per annum. On
July 28, 2009, based on the latest amendment 8
th
amendment agreement, the interest rate and maturity date is changed to 14 and May 29, 2010, respectively. The principal outstanding as of
June 30, 2008 and 2009 amounted to Rp.15,000 million and Rp.15,000 million, respectively. On April 29, 2008, Balebat received an additional Specific Transaction Facility and Bank
Overdraft Facility of Rp.5,000 million and Rp.500 million, respectively Note 23f. The loan bears an interest rate of 11.5 per annum and will mature on May 29, 2009. On July 28, 2009, based
on the latest amendment 8
th
amendment agreement, the interest rate is changed from 11.5 per annum to 14 and 14.25, respectively, and the maturity date is extended to May 29,2010.
As of June 30, 2008 and 2009, the principal outstanding amounted to Rp.5,000 million and Rp.5,000 million.
On October 18, 2005, GSD entered into two short-term loan agreements with Bank CIMB Niaga for an original facility of Rp.12,000 million and Rp.3,000 million. The loans bore interest rate of
14.50 per annum and matured on October 18, 2006 for each loan. The loan agreements were amended twice, the latest on November 3, 2006 to change the interest rate from 16.25 per
annum to 15.5 per annum and the maturity period to October 18, 2007. On November 23, 2007, GSD entered into a short-term loan agreement with Bank CIMB Niaga as an amendment of the
both loans for an original facility of Rp.15,000 million. The loan bore interest rate of 11 per annum and matured on 18 October 2008. The loan agreement was amended twice, the latest on
December 23, 2008 to change the total facility to Rp.19,000 million with interest rate of 15.5 per annum and the maturity period to October 18, 2009. This credit facility is secured by
GSD’s property, plant and equipment located in Jakarta Note 11. The principal outstanding as of June 30, 2008 and 2009 amounted to Rp.15,000 million and Rp.3,500 million, respectively.
c. Bank Syariah Mega On December 11, 2007, Infomedia entered into a Rp.10,535 million loan agreement with Bank
Syariah Mega for working capital purpose. The facility was obtained through sharia principles with the estimated rates on borrowing at 14 per annum and was secured by the receivables from
contact center Note 6. The loan was payable within 3 months from the signing date. Based on amendment on June 10, 2008 2
nd
amendment agreement, the maturity period of loan agreement was extended to September 11, 2008. As of June 30, 2008, the principal outstanding
amounted to Rp.10,535 million and on September 29, 2008, the loan was fully repaid.
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued JUNE 30, 2008 AND 2009,
AND SIX MONTHS PERIOD ENDED JUNE 30, 2008 AND 2009 Figures in tables are presented in millions of Rupiah, unless otherwise stated
55
19. SHORT-TERM BANK LOANS continued
