PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued JUNE 30, 2008 AND 2009,
AND SIX MONTHS PERIOD ENDED JUNE 30, 2008 AND 2009 Figures in tables are presented in millions of Rupiah, unless otherwise stated
38
7. INVENTORIES continued
Management believes that the allowance is adequate to cover probable losses from decline in inventory value due to obsolescence.
As of June 30, 2009, certain inventories held by the Company have been insured against fire, theft and other specific risks. Total sum insured as of June 30, 2009 amounted Rp.4,878 million
Note 44d.vii. Certain inventories held by a certain subsidiary have been insured against all industrial risk and loss
risk during delivery with the total sum insured as of June 30, 2009 amounting Rp.6,215 million. Management believes that the insurance coverage is adequate to cover potential losses of the
insured inventories.
8. PREPAID EXPENSES
2008 2009
Frequency license 582,703
1,348,013 Salaries
312,928 378,039
Rental 307,284
360,630 Insurance
92,158 82,523
Telephone directory issuance costs 20,537
10,376 Others
22,854 21,255
Total 1,338,464
2,200,836
Refer to Note 44 for details of related party transactions. 9. OTHER CURRENT ASSETS
Other current assets as of June 30, 2008 and 2009 consist of restricted time deposits as follows:
2008 2009
Foreign Foreign
currencies Rupiah
currencies Rupiah
Currency in millions equivalent in millions equivalent
BNI The Company
US -
- 0.052
529 Rp.
- -
- 13,015
Bank Mandiri The Company
US 0.90
8,326 -
- Rp.
- 8,498
- 449
Infomedia Rp.
- 4,420
- 4,424
TII US
- -
0.569 5,800
Total 21,244
24,217
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued JUNE 30, 2008 AND 2009,
AND SIX MONTHS PERIOD ENDED JUNE 30, 2008 AND 2009 Figures in tables are presented in millions of Rupiah, unless otherwise stated
39
9. OTHER CURRENT ASSETS continued
The restricted time deposits represent time deposits of the Company’s and certain subsidiaries’ pledged as collateral for bank guarantees to the respective banks.
Refer to Note 44 for details of related party transactions. 10. LONG-TERM INVESTMENTS
2008 Percentage
Share of of
Beginning net
Translation Ending
ownership balance Addition loss
adjustment balance
Equity method:
CSM 25.00
57,240 -
2,021 1,103
54,116 Patrakom
40.00 32,892
- 1,313
- 31,579
PSN 22.38
- -
- -
- 90,132
- 3,334
1,103 85,695
Cost method:
Bridge Mobile Pte. Ltd. “BMPL” 10.00
20,360 -
- -
20,360 PT Batam Bintan
Telekomunikasi “BBT” 5.00
587 -
- -
587 PT Pembangunan
Telekomunikasi Indonesia “Bangtelindo”
2.11 199
- -
- 199
Scicom MSC Berhad “Scicom” 9.81
2,712 28,249
- -
30,961 23,858
28,249 -
- 52,107
113,990 28,249
3,334 1,103
137,802 2009
Percentage of
Beginning Share of net Translation
Ending ownership
balance loss income
adjustment balance
Equity method: CSM
25.00 84,197
3,800 697
79,700 Patrakom
40.00 32,949
831 -
33,780 PSN
22.38 -
- -
- 117,146
2,969 697
113,480
Cost method:
BMPL 10.00
20,360 -
- 20,360
BBT 5.00
587 -
- 587
Bangtelindo 2.11
199 -
- 199
Scicom 9.80
30,961 -
- 30,961
52,107 -
- 52,107
169,253 2,969
697 165,587
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued JUNE 30, 2008 AND 2009,
AND SIX MONTHS PERIOD ENDED JUNE 30, 2008 AND 2009 Figures in tables are presented in millions of Rupiah, unless otherwise stated
40
10. LONG-TERM INVESTMENTS continued
