PT XL AXIATA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2007, 2008 AND 2009; AND 31 MARCH 2009 AND 2010
Expressed in millions of Rupiah, unless otherwise stated
Page 25
5. TRADE RECEIVABLES - THIRD PARTIES continued
31122007 31122008
31122009 31032009
31032010 International partners continued
- Unifone Pte. Ltd. 4,492
- -
- -
- Others individual amount less than Rp 3,000
18,922 14,618
7,997 12,342
6,547 36,473
32,159 23,431
30,483 11,234
376,002 419,902
355,490 463,226
625,742 Allowance for doubtful accounts
119,005 103,182
83,604 115,588
86,536 256,997
316,720 271,886
347,638 539,206
The aging analysis of trade receivables is as follows:
31122007 31122008
31122009 31032009
3103 2010
Current 152,246
176,458 207,066
126,238 288,773
Overdue 1 - 30 days 56,867
50,198 57,975
54,353 59,568
Overdue 31 - 60 days 23,317
46,340 29,004
32,055 45,024
Overdue 61 days 143,572
146,906 61,445
250,580 232,377
376,002 419,902
355,490 463,226
625,742
Changes in the amounts of the allowance for doubtful accounts are detailed as follows:
31122007 31122008
31122009 31032009
3103 2010
Allowance for doubtful accounts - beginning
84,816 119,005
103,182 103,182
83,604 Bad debt expenses
58,862 59,376
41,769 12,469
2,946 Doubtful debts written off
24,673 75,199
61,347 63
14 Allowance for doubtful accounts - ending
119,005 103,182
83,604 115,588
86,536
Based on a review of the collectibility of the individual receivable accounts, management believes that the allowance for doubtful accounts is sufficient to cover losses from non-collection of these accounts.
6. ADVANCES AND PREPAYMENTS
This account represents advances to employees, related parties and third parties for payment of the Company’s operational expenses, such as utilities, customs duties and prepaid expenses for rental,
insurance, maintenance and 3G annual fee.
31122007 31122008
31122009 31032009
3103 2010
Prepaid rental - current 147,700
236,124 300,353
338,530 419,526
3G annual fee 11,929
19,411 35,195
193,573 269,627
Other prepaid expenses - current 55,783
101,354 140,045
130,435 166,610
Advances on operational expenses 4,493
21,371 6,064
12,260 5,963
219,905 378,260
481,657 674,798
861,726
Refer to Note 26 for related party information.
PT XL AXIATA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2007, 2008 AND 2009; AND 31 MARCH 2009 AND 2010
Expressed in millions of Rupiah, unless otherwise stated
Page 26
7. OTHER ASSETS
31122007 31122008
31122009 31032009
3103 2010
Prepaid rental - non-current 666,379
823,066 764,717
844,076 734,122
Other prepaid expenses - non-current 4,106
122,161 201,349
183,888 201,107
Downpayment to suppliers 167,877
135,595 10,551
77,291 103,548
Restricted bank deposits and cash in bank 856
17,386 15,305
18,484 14,869
Deferred charges 12,341
8,560 51,392
30,877 13,027
Others 10,742
12,993 12,234
13,011 11,965
862,301 1,119,761
1,055,548 1,167,627
1,078,638 Net investment in finance lease:
Lease receivable -
- 732,728
869,910 677,722
Unearned finance lease income -
- 357,441
378,973 345,118
- -
375,287 490,937
332,604 Intangible assets - 3G licence:
Acquisition cost 376,000
376,000 376,000
376,000 376,000
Accumulated amortisation 52,772
92,351 131,930
102,246 141,825
323,228 283,649
244,070 273,754
234,175 1,185,529
1,403,410 1,674,905
1,932,318 1,645,417
Deduct: Restricted bank deposits and
cash in bank - current 230
16,705 15,305
17,785 14,869
Net investment in finance lease - current -
- 15,444
87,767 36,036
Other assets - current 230
16,705 30,749
105,552 50,905
Other assets - non-current 1,185,299
1,386,705 1,644,156
1,826,766 1,594,512
Net investment in finance lease are receivables related to the lease of fiber optics cables to PT Hutchison CP Telecommunications HCPT and PT Mora Telematika Indonesia Moratel refer to
Note 31l. The transactions resulted in gain of Rp 448,475 and Rp 465,047 for three-month period ended 31 March 2009 and the year ended 2009. Details of the net investment in finance lease
according to the maturity schedule are as follows:
31122007 31122008
31122009 31032009
31032010
Not later than 1 year -
- 64,737
136,886 84,698
Between 1 year and 5 years -
- 253,762
273,772 249,870
More than 5 years -
- 414,229
459,252 343,154
- -
732,728 869,910
677,722 Unearned finance lease income
- -
357,441 378,973
345,118 Net investment in finance lease
- -
375,287 490,937
332,604
As at 31 March 2010, management believes that there was no indication of impairment for intangible assets. Refer to Note 26 for related party information.
As restated, refer to Note 3