PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2013 and for the Year Then Ended
Figures in tables are expressed in billions of rupiah, unless otherwise stated
87
34. RETIREMENT BENEFIT
AND OTHER
POST RETIREMENT
BENEFIT OBLIGATIONS
continued b. Pension benefit costs provisions continued
ii Telkomsel continued The following table presents the change in projected pension benefits obligation, change in
pension plan assets, funded status of the pension plan and net amount recognized in the Company’s consolidated statement of financial position for its defined benefit pension plan:
2013 2012
Change in projected pension benefits obligation
Projected pension benefits obligation at beginning of year 1,472
1,238 Service cost
130 119
Interest cost 88
83 Actuarial gains losses
789 36
Expected pension benefits paid 2
4 Projected pension benefits obligation at end of year
899 1,472
Changes in pension plan asset
Fair value of pension plan assets at beginning of year 666
458 Expected return on pension plan assets
40 31
Employer’s contributions -
42 Actuarial gains losses
265 139
Expected pension benefits paid 2
4 Fair value of pension plan assets at end of year
439 666
Funded status 460
806 Unrecognized items in the consolidated
statement of financial position: Prior service costs
Net actuarial gain losses 153
387
Pension benefit costs provisions 613
419
The components of the net periodic pension costs are as follows:
2013 2012
Service costs 130
119 Interest costs
88 83
Expected return on pension plan assets 40
31 Amortization of past service costs
1 1
Recognized actuarial losses 15
25
Net periodic pension costs Note 27 194
197
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2013 and for the Year Then Ended
Figures in tables are expressed in billions of rupiah, unless otherwise stated
88
34. RETIREMENT BENEFIT
AND OTHER
POST RETIREMENT
BENEFIT OBLIGATIONS
continued b. Pension benefit costs provisions continued
ii Telkomsel continued The net periodic pension costs for the pension plan was calculated based on actuary
measurement date as of December 31, 2013 and 2012, with reports dated February 20, 2014 and February 12, 2013, respectively, by TWP, an independent actuary in association
with TW. The principal actuarial assumptions used by the independent actuary based on the measurement date as of December 31, 2013 and 2012, are as follows:
2013 2012
Discount rate 9.00
6.00 Expected long-term return on plan assets
9.00 6.00
Rate of compensation increases 6.50
6.50
Historical information 2013
2012 2011
2010 2009
Present value of funded defined benefit obligation
899 1,472
1,237 663
399 Fair value of plan assets
439 666
458 246
154
Deficit in the plan 460
806 779
417 245
Experience adjustments arising on plan liabilities
43 71
44 9
17 Experience adjustments arising
on plan assets 265
139 192
49 25
c. Other post-retirement benefits
The Company provides other post-retirement benefits in the form of cash paid to employees on their retirement or termination. These benefits consist of last housing allowance “Biaya Fasilitas
Perumahan Terakhir” or “BFPT” and home passage leave “Biaya Perjalanan Pensiun dan Purnabhakti” or “BPP”.
Movements of the other post-retirement benefit costs provisions for the years ended December 31, 2013 and 2012:
2013 2012
Other post-retirement benefit costs provisions at beginning of year
310 273
Other post-retirement benefit costs 66
65 Other post-retirement benefits paid by the Company
27 28
Net other post-retirement benefit costs provisions at end of year
349 310
