PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2012 AND FOR THE YEAR THEN ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2011 AND FOR THE YEAR THEN ENDED AND AS OF JANUARY 1, 2011
Figures in tables are presented in billions of Rupiah, unless otherwise stated
41
5. TRADE RECEIVABLES continued
d. Movements in the provision for impairment of receivables continued Receivables written off represent to third party trade receivables written off.
Management believes that the provision for impairment of receivables is adequate to cover losses on uncollectible trade receivables.
Certain trade receivables of the Company’s subsidiaries amounting to Rp1,344 billion have been pledged as collateral for lending agreements Notes 16 and 20.
Refer to Note 37 for details of related party transactions.
6. INVENTORIES
2012 2011
Modules 316
297 Components
183 173
SIM cards, RUIM cards, set top box and blank prepaid vouchers 134
238 Others each below Rp50 billion
94 156
Total 727
864 Provision for obsolescence
Modules 96
91 Components
51 15
SIM cards, RUIM cards, set top box and blank prepaid vouchers
1 -
Total 148
106
Net 579
758
Movements in the provision for obsolescence are as follows:
2012 2011
Beginning balance 106
83 Provision recognized during the year Note 29
67 27
Inventories written-off 25
4
Ending balance 148
106
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2012 AND FOR THE YEAR THEN ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2011 AND FOR THE YEAR THEN ENDED AND AS OF JANUARY 1, 2011
Figures in tables are presented in billions of Rupiah, unless otherwise stated
42
6. INVENTORIES continued
The inventories recognized as expense and included in operations, maintenance, and telecommunication services expenses Note 28 for the years ended December 31, 2012 and 2011
amounted to Rp633 billion and Rp818 billion, respectively. Management believes that the provision is adequate to cover losses from declines in inventory value
due to obsolescence. Certain inventories of the Company’s subsidiaries amounting to Rp49 billion have been pledged as
collateral for lending agreements Notes 16 and 20. As of December 31, 2012 and 2011, modules and components held by the Company and
subsidiaries have been insured against fire, theft, and other specific risks with total sum insured amounting to Rp275 billion and Rp235 billion, respectively.
Management believes that the insurance coverage is adequate to cover potential losses from the above risks.
7. ADVANCES AND PREPAID EXPENSES
2012 2011
Frequency license Notes 41c.i and 41c.iii 2,563
2,211 Prepaid rental
666 530
Salaries 165
201 Advances
120 184
Others each below Rp50 billion 207
168
Total 3,721
3,294
Refer to Note 37 for details of related party transactions. 8. ASSET HELD FOR SALE
This account represents the carrying amount of Telkomsel’s equipment to be exchanged with equipment of Nokia Siemens Network Oy “NSN Oy” and PT Huawei Tech Investment
“PT Huawei”. The equipment will be used as part of the settlement for the exchanges of equipment from these companies.
In 2012, Telkomsel’s equipment with net carrying amount of Rp791 billion were exchanged with the equipment of NSN Oy and PT Huawei Note 10d.vi. The cost of the acquired equipment is measured
at the aggregate of the carrying amount of the equipment given up and the amount of cash paid.
Asset held for sale is presented under personal segment Note 38.
