Segment information SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued s. Financial instruments continued
4. ACQUISITIONS OF AD MEDIKA
On January 25, 2010, Metra entered into a CSPA with Ad Medika’s stockholders, Ravi Varma Kanason, Sofian Susantio, Arthur Tahya PT Swadayanusa Kencana Raharja dan Shia Kok Fat, each of which is a third party, to purchase 75 of Ad Medika’s outstanding shares. Subsequently, on February 25, 2010, Metra entered into SPA with Ad Medika’s stockholders for the share purchase transaction with acquisition cost amounting to Rp.130,077 million including consultant fee Note 1d.b. Ad Medika is an electronic health care network company. Ad Medika is the largest health service administration management company in Indonesia. Through the acquisition, the Company began providing services through Insure Net as an initial National e-Health program. The acquisition of Ad Medika has been accounted for using the purchase method of accounting, where the purchase price was allocated to the fair value of the acquired assets and assumed liabilities. The allocation of the acquisition cost was as follows: Rp. The assets and liabilities arising from the acquisition are as follows: Current assets 26,404 Property, plant and equipments 17,110 Intangible assets 45,591 Current liabilities 22,057 Long-term liabilities 8,143 Deferred tax liabilities 9,919 Non-controlling interests 4,145 Fair value of net assets acquired 44,841 Goodwill 85,236 Total purchase consideration 130,077 Less: Cash and cash equivalents in subsidiary acquired 13,574 Cash outflow from acquisition 116,503 Metra acquired control of Ad Medika on February 25, 2010 and the valuation was performed by an independent appraisal using the statement of financial position amount as of February 28, 2010, being the nearest convenient statement of financial position date. The Company’s consolidated results of operations have included the operating results of Ad Medika since March 1, 2010. The intangible assets acquired included customer contracts and backlog, non contractual customer relationships, trademarks and tradenames, and a non compete agreement Note 13. PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2010 AUDITED AND SEPTEMBER 30, 2011 UNAUDITED AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2010 AND 2011 UNAUDITED Figures in tables are presented in millions of Rupiah, unless otherwise stated 415. CASH AND CASH EQUIVALENTS December 31, September 30,
2010 2011 Cash on hand 4,213 24,735 Cash in banks Related parties Rupiah PT Bank Negara Indonesia Persero Tbk “BNI” 198,680 380,139 PT Bank Mandiri Persero Tbk “Bank Mandiri” 439,348 247,768 PT Bank Rakyat Indonesia Persero Tbk “BRI” 6,405 77,189 PT Bank Tabungan Negara Persero Tbk “BTN” 450 11,892 PT Bank Syariah Mandiri “BSM” 999 3,443 645,882 720,431 Foreign currencies Bank Mandiri 169,132 157,167 BNI 57,005 17,967 BRI 891 988 BSM 165 49 227,193 176,171 Sub-total 873,075 896,602 Third parties Rupiah PT Bank CIMB Niaga Tbk ”Bank CIMB Niaga” 8,369 37,806 Deutsche Bank AG “DB” 27,556 18,423 PT Bank Central Asia Tbk “BCA” 12,076 14,966 PT Bank Internasional Indonesia Tbk “BII” 21,245 14,421 PT Bank Danamon Indonesia Tbk “Bank Danamon” 12 14,163 PT Bank Ekonomi Raharja Tbk “Bank Ekonomi” 15,018 10,771 Citibank, N.A. “Citibank” 308 7,000 PT Bank Bukopin Tbk “Bank Bukopin” 2,529 2,402 PT Bank Permata Tbk 7,753 1,650 PT Bank Perkreditan Rakyat Karyajatnika Sadaya 1,326 1,511 PT Bank Pembangunan Daerah Jawa Timur 2,607 1,146 PT Bank ICB Bumiputera Tbk “Bank Bumiputera” 1,169 843 The Royal Bank of Scotland N.V. previously ABN AMRO Bank 99,287 52 Others each below Rp.1 billion 1,952 2,421 201,207 127,575 Foreign currenciesParts
» GENERAL a. Establishment and general information
» GENERAL continued a. Establishment and general information continued
» Public offering of securities of the Company
» Subsidiaries GENERAL continued c. Public offering of securities of the Company continued
» GENERAL continued d. Subsidiaries continued
» Authorization of the consolidated financial statements
» Basis of preparation of financial statements
» Principles of consolidation SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued f. Investments continued
» Inventories SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued g. Trade and other receivables
» Property, plant and equipment - direct acquisitions
» Property, plant and equipment under finance leases
» Foreign currency translation Revenue and expense recognition
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued q. Employee benefits continued
» Income tax Financial instruments
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued s. Financial instruments continued
» Dividends SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued s. Financial instruments continued
» Earnings per share and earnings per ADS
» TRANSLATION OF RUPIAH INTO UNITED STATES DOLLARS
» ACQUISITIONS OF AD MEDIKA CASH AND CASH EQUIVALENTS December 31, September 30,
» CASH AND CASH EQUIVALENTS continued December 31, September 30,
» CASH AND CASH EQUIVALENTS continued December 31, September 30, TRADE RECEIVABLES
» TRADE RECEIVABLES continued FS 30 Sep 11 Tlkm english
» INVENTORIES December 31, September 30, FS 30 Sep 11 Tlkm english
» ADVANCES AND PREPAID EXPENSES December 31, September 30,
» PSN LONG-TERM INVESTMENTS continued i.
» LONG-TERM INVESTMENTS continued viii. Bangtelindo PROPERTY, PLANT AND EQUIPMENT
» PROPERTY, PLANT AND EQUIPMENT continued PROPERTY, PLANT AND EQUIPMENT continued
» PROPERTY, PLANT AND EQUIPMENT continued
» ADVANCES AND OTHER NON-CURRENT ASSETS
» GOODWILL AND OTHER INTANGIBLE ASSETS continued i continued
» SHORT-TERM BANK LOANS FS 30 Sep 11 Tlkm english
» SHORT-TERM BANK LOANS continued
» MATURITIES OF LONG-TERM LIABILITIES a. Current maturities
» TWO-STEP LOANS continued FS 30 Sep 11 Tlkm english
» BONDS AND NOTES continued a. Bonds
» Promissory Notes BONDS AND NOTES continued
» BANK LOANS BANK LOANS continued
» BANK LOANS continued FS 30 Sep 11 Tlkm english
» DEFERRED CONSIDERATION FOR BUSINESS COMBINATIONS continued
» NON-CONTROLLING INTEREST December 31, September 30,
» CAPITAL STOCK FS 30 Sep 11 Tlkm english
» CAPITAL STOCK continued FS 30 Sep 11 Tlkm english
» TREASURY STOCK continued FS 30 Sep 11 Tlkm english
» TELEPHONE REVENUES 2010 FS 30 Sep 11 Tlkm english
» INTERCONNECTION REVENUES 2010 NETWORK REVENUES 2010
» OTHER TELECOMMUNICATIONS SERVICES 2010 PERSONNEL EXPENSES 2010
» OPERATIONS, MAINTENANCE AND TELECOMMUNICATION SERVICES EXPENSES 2010
» Claim for tax refund December 31, September 30,
» TAXATION continued c. Taxes payable
» TAXATION continued FS 30 Sep 11 Tlkm english
» TAXATION continued g. Deferred tax assets and liabilities
» CASH DIVIDENDS AND GENERAL RESERVE
» PENSION AND OTHER POST-RETIREMENT BENEFITS December 31, September 30,
» PENSION AND OTHER POST-RETIREMENT BENEFITS continued a. Pension continued
» The Company continued December 31, December 31,
» Telkomsel continued December 31, September 30,
» Other post-retirement benefits Infomedia
» POST-RETIREMENT HEALTH CARE BENEFITS
» are as follows: FS 30 Sep 11 Tlkm english
» Government RELATED PARTY TRANSACTIONS
» Indosat RELATED PARTY TRANSACTIONS continued b. Commissioners and Directors remuneration
» RELATED PARTY TRANSACTIONS continued c. Indosat continued
» Others RELATED PARTY TRANSACTIONS continued c. Indosat continued
» RELATED PARTY TRANSACTIONS continued d. Others continued
» Cash and cash equivalents Note 5
» Temporary investments RELATED PARTY TRANSACTIONS continued d. Others continued
» 1,240,220 Trade receivables - net Note 6 780,043
» Trade payables Note 15 RELATED PARTY TRANSACTIONS continued
» 674,346 RELATED PARTY TRANSACTIONS continued
» k. RELATED PARTY TRANSACTIONS continued
» 1,487,906 RELATED PARTY TRANSACTIONS continued
» l. RELATED PARTY TRANSACTIONS continued
» n. Accrued LSA Note 42 242,149
» Accrued pension and other post-retirement
» 692,671 RELATED PARTY TRANSACTIONS continued
» 2,830,218 RELATED PARTY TRANSACTIONS continued
» 5,825,771 RELATED PARTY TRANSACTIONS continued
» SEGMENT INFORMATION FS 30 Sep 11 Tlkm english
» SEGMENT INFORMATION continued FS 30 Sep 11 Tlkm english
» REVENUE-SHARING ARRANGEMENTS “RSA” FS 30 Sep 11 Tlkm english
» Fixed line telephone tariffs
» RSA continued TELECOMMUNICATIONS SERVICES TARIFFS continued c. Interconnection tariffs continued
» VoIP interconnection tariff Network lease tariff
» Tariff for other services Universal Service Obligation “USO”
» TELECOMMUNICATIONS SERVICES TARIFFS continued h. USO continued COMMITMENTS a. Capital expenditures
» COMMITMENTS continued a. Capital expenditures continued
» Borrowings and other credit facilities Others
» COMMITMENTS continued c. Others continued
» CONTINGENCIES FS 30 Sep 11 Tlkm english
» CONTINGENCIES continued FS 30 Sep 11 Tlkm english
» ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES continued
» Interest rate risk continued
» FINANCIAL ASSETS AND LIABILITIES continued
» SUBSEQUENT EVENTS FS 30 Sep 11 Tlkm english
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