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FINANCIAL OVERVIEW FINANCIAL PERFORMANCE OF TELKOM INDONESIA
Telkom Indonesia has successfully closed 2015 with a good performance. This was reflected in its total assets, revenue and net income. Looking briefly, the growth of the key financial performance of Telkom Indonesia in the last 5 five years are as follows.
Total assets were increased by 17.2 from Rp141,822 billion in 2014 to Rp166,173 in 2015, while revenue were increased by 14.2 from in Rp89,696 billion in 2014 to Rp102,470 billion in 2015. This increase driven a increase in the net income by Rp1,018 billion,
or 7.0, from Rp14,471 billion in 2014 become Rp15,489 billion in 2015. FINANCIAL POSITION OVERVIEW
Growth December 31,
2015-2014 2015
2014 Restated 2013
Rp billion US million
Rp billion Rp billion
Consolidated Statements of Financial Position
Total Current Assets 39.7
47,912 3,476
34,294 33,672
Total Non-Current Assets 10.0
118,261 8,579
107,528 94,883
Total Assets 17.2
166,173 12,055
141,822 128,555
Total Current Liabilities 9.6
35,413 2,569
32,318 29,034
Total Non-Current Liabilities 58.8
37,332 2,708
23,512 22,800
Total Liabilities 30.3
72,745 5,277
55,830 51,834
Total Equity attributable to owners of the parent company
10.9 75,136
5,451 67,721
59,823
As of December 31, 2015 compared to as of December 31, 2014 1. Assets
As of December 31, 2015, total assets increase by 17.2 from Rp141,822 billion in 2014 to Rp166,173 billion US12,055 million in 2015.
Composition of Asset
- Current Assets As of December 31, 2015, our current assets were Rp47,912 billion US3,476 million compare to Rp34,294 billion as of
December 31, 2014. The increase in current assets was mainly due to: -
an increase in our cash and cash equivalents Rp10,445 billion, or 59.1 in time deposit, -
an increase in prepaid tax amount Rp1,782 billion, or 200.2 due to tax incentive policy, -
an increase in our advances and prepaid expenses Rp1,106 billion, or 23.4, and -
an increase in our trade receivables third parties by Rp289 miliar, atau 4.7. This increased was offset by decreased in tax restitution amounted to Rp225 billion, or 77.3.
- Non Current Assets As of December 31, 2015 our non current assets were Rp118,261 billion US8,579 million and Rp107,528 billion as of
December 31, 2014. This increase was due to:
- an increase in property, plant and equipment-net accumulated depreciation by Rp8,891 billion, or 9.4,
- an increase in our advanced and other non-current asset of Rp674 billion, or 10.4, and
- an increase in intangible assets-net accumulated amortization by Rp593 billion or 24.1.
2. Liabilities dan Equity
As of December 31, 2015, total liabilities increase by 30.3 from Rp55,830 billion in 2014 to Rp72,745 billion US5,277 million in 2015.
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a. Current Liabilities Current liabilities were Rp35,413 billion US2,569 million as of December 31, 2015 and Rp32,318 billion as of December
31, 2014. This increase was primarily due to:
-
an increase of Rp3,036 billion, or 58.3, in accrued expenses, related to early termination of Flexi Tower provision, -
an increase of Rp1,632 billion or 13.2, in trade payable, and -
an increase of Rp897 billion, or 37.8, in tax payable.
This increase was partially offset by decrease in current maturities on long-term liabilities Rp2,057 billion, or 34.9 and short-term bank loan Rp1,208 billion, or 66.7.
b. Non Current Liabilities Non current liabilities were Rp37,332 billion US2,708 million as of December 31, 2015 and Rp23,512 billion as of
December 31, 2014. The increase was partially due to increase in bank loans of Rp7,556, or 95.9, primarily contributed by draw down of medium-term loans of Telkomsel amounted to Rp5,061 billion and bond and notes Rp7,260 billion, or 324.3
related to Telkom bond issued in 2015.
c. Equity Total equity increase by Rp7,436 billion, or 8.6, from Rp85,992 billion as of December 31, 2014 to Rp93,428 billion as of
December 31, 2015. The increase of equity was primarily the result of total comprehensive income for the year attributable to owners of the parent of Rp23,948 billion in 2015. Retained earning increase Rp7,220 billion, or 11.4 and total equity
attributable to owner of the parent increase by Rp7,415 billion, or 10.9, from Rp67,721 billion as of December 31, 2014 to Rp75,136 billion as of December 31, 2015.
As of December 31, 2014 compared to as of December 31, 2013 1. Assets
Total assets increase by 10.3 from Rp128,555 billion in 2013 to Rp141,822 billion in 2014. a. Current Assets
As of December 31, 2014, our current assets were Rp34,294 billion compared to Rp33,672 billion as of December 31, 2013. The increase in current assets was mainly due to an increase in our cash and cash equivalents by Rp2,976 billion, or 20.3,
trade receivable by Rp374 billion, or 5.6, and Rp796 billion, or 20.2 in our advances and prepaid expenses. This increase was partially offset by a decrease of Rp4,075 billion, or 59.3 in our other current financial assets.
b. Non Current Assets As of December 31, 2014 our non current assets were Rp107,528 billion and Rp94,883 billion as of December 31, 2013. This
increase was due to: -
An increase in property, plant and equipment-net accumulated depreciation by Rp8,048 billion, or 9.3, -
An increase in our advanced and other non-current asset of Rp1,684 billion, or 35.1, -
An increase in long term investment-net of Rp1,463 billion or 481.3, and -
An increase in intangible assets of Rp955 billion, or 63.3.
2. Liabilities dan Equity
