NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
continued
DECEMBER 31, 2011 AND 2010, AND YEARS ENDED DECEMBER 31, 2011 AND 2010
Figures in tables are presented in billions of Rupiah, unless otherwise stated
60
20. BANK LOANS continued
Total facility
Interest Interest
in Payment
payment rate
Borrower Currency
billions schedule
period per annum
Security
Bank CIMB Niaga continued
September 9, 2011 GSD
Rp. 41
Monthly Monthly
9.75 Property,
2011 - 2021 plants and
equipments Note 10,
and trade receivables
Note 5 Bank Ekonomi
December 7, 2006
aj
Sigma Rp.
14 Monthly
Monthly 9.00 - 10.50
Property, 2006 - 2012
plants and equipments
Note 10, and trade
receivables Note 5
March 9, 2007
aj
Sigma Rp.
13 Monthly
Monthly 9.00 - 10.50
Property, 2008 - 2012
plants and equipments
Note 10, and trade
receivables Note 5
September 10, 2008
aj
Sigma Rp.
33 Monthly
Monthly 9.00 - 10.50
Property, 2009 - 2015
plants and equipments
Note 10, and trade
receivables Note 5
August 7, 2009
aj
Sigma Rp.
35 Monthly
Monthly 9.00 - 10.50
Property, some
plants and installment
equipments 2009 - 2013
Note 10, and trade
receivables Note 5
August 7, 2009
aj
Sigma Rp.
20 Monthly
Monthly 9.00 - 10.50
Property, some
plants and installment
equipments 2009 - 2014
Note 10, and trade
receivables Note 5
February 23, 2011
aj
Sigma Rp.
30 Monthly
Monthly 9.00 - 10.50
Property, 2011 - 2015
plants and equipments
Note 10, and trade
receivables Note 5
February 23, 2011
aj
Sigma US
0.002 Monthly
Monthly 6.00
Property, 2011 - 2015
plants and equipments
Note 10, and trade
receivables Note 5
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
continued
DECEMBER 31, 2011 AND 2010, AND YEARS ENDED DECEMBER 31, 2011 AND 2010
Figures in tables are presented in billions of Rupiah, unless otherwise stated
61
20. BANK LOANS continued
The credit facilities obtained by the Company and its subsidiaries are used for working capital purpose.
a
As stated in the agreements, the Company and its subsidiaries are required to comply with all covenants or restrictions including maintaining financial ratios as follows. As of December 31, 2011, the Company and its subsidiaries has complied
with the ratios.
b
Telkomsel has no collateral for its bank loans, or other credit facilities. The terms of the various agreements with Telkomsel’s lenders and financiers require compliance with a number of pledges and negative pledges as well as financial and other
covenants, which include among other things, certain restrictions on the amount of dividends and other profit distributions which could adversely affect the Telkomsel’s capacity to comply with its obligation under the facility. The terms of the
relevant agreements also contain default and cross default clauses. As of December 31, 2011, Telkomsel has complied with the above covenants.
c
Pursuant to expiry of availability periods of facilities from BCA and Bank Mandiri, those banks have approved extension of the availability periods to January 2012. The approval from BCA and Bank Mandiri for extension of the availability period
was formalized through amendment of loan agreement on July 20 and 21, 2011.
d
Pursuant to the agreements with PT Ericsson Indonesia “Ericsson Indonesia” and Ericsson AB Note 41a.ii, Telkomsel entered into an EKN-Backed Facility Agreement “facility” with ABN Amro Bank N.V. Stockholm Branch as “the original
lender” and Standard Chartered Bank “SCB” as “the original lender” , “the arranger”, “the facility agent” and “the EKN agent”, ABN Amro Bank N.V., Hong Kong as “the arranger” for the purchase of Ericsson telecommunication equipment
and services. The facilities consist of facility 1, 2 and 3 amounting to US117 million, US106 million and US95 million, respectively. The availability period of Facility 1 expired in July 2010 with no outstanding loan balance and the availability
period of facility 2 expired in March 2011. Pursuant to expiry of availability period of Facility 2, EKN agreed to reduce premium of the unused facility by US3 million through a cash refund.
e
In connection with the agreement with NSW-Fujitsu Consortium, the Company entered into a loan agreement with JBIC, the international arm of Japan Finance Corporation for the purchase of NSW-Fujitsu Consortium telecommunication equipment
and services. The facilities consist of facility A and B amounting to US36 million and US24 million.
f
Pursuant to the agreements with Huawei International Pte.Ltd. “Huawei International“ and PT Huawei Tech Investment “Huawei Tech” Note 41a.ii, Telkomsel entered into a Sinosure-Backed Facility Agreement with the ICBC for the purchase
of Huawei Tech telecommunication equipment and services. The facilities consist of facility 1 and 2 amounting to US166 million and US100 million, respectively, including premium of US16 million. The availability period of Facility 1 expired in
December 2010. Pursuant to expiry of availability period of Facility 1, Telkomsel has requested Sinosure to reduce a portion of premium for the unused facility. In December 2011, Sinosure approved Telkomsel’s plan to repay the remaining loan in
January 2012 Note 46c and agreed to refund premium portion for the unused facility. Accordingly, the remaining loan is classified as a current liability.
g
In December 2011, Telkomsel notified OCBC NISP that Telkomsel plans to repay the entire portion of the remaining loan in February 2, 2012 Note 46d. Accordingly, the outstanding balance is classified as a current liability.
h
Based on the latest amendment on March 31, 2011.
i
Based on the latest amendment on May 24, 2010.
j
Based on the latest amendment on November 23, 2011.
