PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued JUNE 30, 2012 UNAUDITED AND DECEMBER 31, 2011 AUDITED
AND SIX MONTHS PERIOD ENDED JUNE 30, 2012 AND 2011 UNAUDITED Figures in tables are presented in billions of Rupiah, unless otherwise stated
66
30. TAXATION continued
d. The components of income tax expense benefit are as follows:
2012 2011
Current The Company
435 463
Subsidiaries 2,795
2,289 3,230
2,752 Deferred
The Company 25
146 Subsidiaries
190 153
215 7
3,015 2,745
e. Corporate income tax is computed for each individual company as a separate legal entity consolidated financial statements are not applicable for computing corporate income tax in
Indonesia. The reconciliation between the consolidated income before tax and taxable income attributable to
the Company and the consolidated income tax expense are as follows:
2012 2011
Consolidated income before tax 12,004
10,782 Add back consolidation eliminations
5,065 4,167
Consolidated income before tax and eliminations 17,069
14,949 Less: income before tax of the subsidiaries
10,212 8,433
Income before tax attributable to the Company 6,857
6,516 Less: income subject to final tax
190 250
6,667 6,266
Tax calculated at applicable rates 1,333
1,253 Non-taxable income
1,018 834
Non-deductible expenses 87
89 Deferred tax liabilities that cannot be utilized - net
8 62
Corporate income tax expense 394
570 Final income tax expense
16 39
Total income tax expense of the Company 410
609 Income tax expense of the subsidiaries
2,605 2,136
Total consolidated income tax expense 3,015
2,745
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued JUNE 30, 2012 UNAUDITED AND DECEMBER 31, 2011 AUDITED
AND SIX MONTHS PERIOD ENDED JUNE 30, 2012 AND 2011 UNAUDITED Figures in tables are presented in billions of Rupiah, unless otherwise stated
67
30. TAXATION continued
e. continued The reconciliation between income before tax attributable to the Company and the estimated
taxable income for six months period ended June 30, 2012 and 2011, are as follows:
2012 2011
Income before tax attributable to the Company 6,857
6,516 Less: income subject to final tax
190 250
6,667 6,266
Temporary differences: Amortization of intangible assets and land rights
11 31
Depreciation and gain on sale of property, plant and equipment
128 38
Provision for impairment and trade receivables written-off
116 212
Accrued employees’ benefits -
172 Net periodic pension and other post-retirement
benefits costs 146
33 Payments of deferred consideration for business
combinations -
106 Deferred installation fee
39 42
Other provisions 47
10
Total temporary differences 83
420
Permanent differences: Net periodic post-retirement health care benefit costs
45 99
Equity in net income of associates and subsidiaries 5,092
4,169 Tax penalty
- 2
Others 390
343
Total permanent differences 4,657
3,725 Taxable income
2,093 2,121
Current corporate income tax expense 419
424 Final income tax expense
16 39
Total current income tax expense of the Company 435
463 Current income tax expense of the subsidiaries
2,795 2,289
Total current income tax expense 3,230
2,752
The Tax Law No. 362008 stipulates a reduction of 5 from the top rate applicable to qualifying companies listed, and for whose stock is traded on, the IDX which meet the prescribed criteria
that the public own 40 or more of the total fully paid and traded stocks on the IDX, and such stocks are owned by at least 300 parties, with each party owning less than 5 of the total paid-up
stocks. These requirements must be met by a company for a period of 6 months in one tax year. The Company has met all of the required criteria, therefore, for the purposes of calculating
income tax expenses and liabilities for the financial reporting periods of December 31, 2011, the Company has deducted its applicable tax rate by 5.
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued JUNE 30, 2012 UNAUDITED AND DECEMBER 31, 2011 AUDITED
AND SIX MONTHS PERIOD ENDED JUNE 30, 2012 AND 2011 UNAUDITED Figures in tables are presented in billions of Rupiah, unless otherwise stated
68
30. TAXATION continued
