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
77
33. PENSION AND OTHER POST-RETIREMENT BENEFITS continued b. Pension benefit costs provisions
continued 1. The Company continued
The Company also provides benefits to employees during a pre-retirement period in which they are inactive for 6 months prior to their normal retirement age of 56 years, known as pre-
retirement benefits “Masa Persiapan Pensiun” or “MPP”. During the pre-retirement period, the employees still receive benefits provided to active employees, which include, but are not
limited to regular salary, health care, annual leave, bonus and other benefits. Since 2012, the Company provides new requirement of MPP effective for employees retiring beginning April
1, 2012, in which employees should filed request for MPP and if they are not filed request, then are considered to work until the retirement period. The Company is still assessing the
impact of the requirement on the consolidated financial statements. The following table presents the change in projected benefits obligation of the MPS and MPP
for six months period ended June 30, 2012 and the year ended December 31, 2011:
June 30, December 31,
2012 2011
Change in projected benefits obligation
Unfunded projected benefits obligation at beginning of year
2,440 2,096
Service costs 52
89 Interest costs
87 194
Actuarial gains losses 26
244 Benefits paid by employer
51 183
Unfunded projected benefits obligation at end of period
2,502 2,440
Unrecognized prior service costs 706
772 Unrecognized net actuarial losses
577 601
Pension benefit costs provisions at end of period 1,219
1,067
The movement of the pension benefit costs provisions during for six months period ended June 30, 2012 and the year ended December 31, 2011, is as follows:
June 30, December 31,
2012 2011
Pension benefits costs provisions at beginning of year
1,067 804
Net periodic pension 229
446 Benefits paid by employer
77 183
Pension benefits costs provisions at end of period 1,219
1,067
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
78
33. PENSION AND OTHER POST-RETIREMENT BENEFITS continued b. Pension benefit costs provisions
continued 1. The Company continued
The components of net periodic pension costs are as follows:
June 30, December 31,
2012 2011
Service costs 52
89 Interest costs
87 194
Amortization of prior service costs 66
133 Recognized actuarial losses
24 30
Total net periodic pension costs Note 26 229
446
2. Telkomsel Telkomsel provides a defined benefit pension plan to its employees. Under this plan,
employees are entitled to pension benefits based on their latest basic salary or take-home pay and the number of years of their service. PT Asuransi Jiwasraya “Jiwasraya”,
a state-owned life insurance company, manages the plan under an annuity insurance contract. Until 2004, the employees contributed 5 of their monthly salaries to the plan and
Telkomsel contributed any remaining amount required to fund the plan. Starting 2005, the entire contributions are fully made by Telkomsel.
The following table reconciles the unfunded status of the plans with the amounts included in the consolidated statement of financial positions as of June 30, 2012 and December 31,
2011:
June 30, December 31,
2012 2011
Projected benefits obligation 1,340
1,237 Fair value of plan assets
458 458
Unfunded status 882
779 Unrecognized items in the consolidated
statement of financial positions: Unrecognized prior service costs
Unrecognized net actuarial losses 520
515
Pension benefits costs provisions 362
264
