SEWA PEMBIAYAAN FINANCE LEASES
in Indonesian Language
Ekshibit E40 Exhibit E40
PT TOWER BERSAMA INFRASTRUCTURE Tbk DAN ENTITAS ANAK
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE 9 SEMBILAN BULAN YANG BERAKHIR
30 SEPTEMBER 2011 DAN 2010 Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain
PT TOWER BERSAMA INFRASTRUCTURE Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD OF 9 NINE MONTHS
ENDED 30 SEPTEMBER 2011 AND 2010 Expressed in million Rupiah, unless otherwise stated
Seluruh pinjaman dari Program tersebut dijamin dengan: a. Kontrak sewa jangka panjang dari operator
telekomunikasi, piutang yang timbul dari kontrak sewa jangka panjang dengan operator
telekomunikasi, dan seluruh aset bergerak dari Perusahaan dan entitas anak, kontrak asuransi,
kontrak sewa lahan dan kontrak lindung nilai hedging;
b. Pengalihan dari rekening Escrow dan modal saham disetor dari entitas anak; dan
c. Cross guarantee dari entitas anak.
The loans under the Programme are secured by: a. Assignment of all existing and future long-term
telecommunication operator contracts, receivables arising from the telecommunication operator
contracts and all moveable assets of the Company and subsidiaries, insurances, land leases and
hedging;
b. Pledge of Escrow Accounts and issued shares of the subsidiaries; and
c. Cross guarantees from each subsidiary. Dalam Program tersebut, Perusahaan dan entitas anak
diharuskan untuk memenuhi beberapa kondisi, diantaranya:
a. Net senior debt EBITDA maksimum sebesar 4,5
kali selama periode 30 Juni 2010 sampai 31 Desember 2011. Dan untuk selanjutnya maksimum
sebesar 4,0 kali; b. Net debt EBITDA tidak melebihi 5,0 kali;
c. Interest service coverage ratio minimum sebesar
2,1 kali; d. Senior debt service coverage ratio minimum
sebesar 1,2 kali; e. Loan to value ratio maksimum sebesar 80; dan
f. Top tier revenue ratio minimum sebesar 50.
Pada tanggal penyelesaian laporan keuangan konsolidasian, Perusahaan dan entitas anak telah
menerbitkan tiga seri dalam Program ini: Under the Programme, the Company and subsidiaries are
required to adhere to the following conditions, among others, as follows:
a. Maximum Net senior debt EBITDA of 4.5 times from 30 June 2010 to 31 December 2011,and 4.0 times
thereafter; b. Net debt EBITDA not exceeding 5.0 times;
c. Minimum interest service coverage ratio of 2.1 times d. Minimum senior debt service coverage ratio of 1.2
times; e. Maximum loan to value ratio of 80; and
f. Minimum top tier revenue ratio of 50. As of the date of the consolidated financial statements
completion, the Company and subsidiaries have only issued three series under the Programme: