PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued SEPTEMBER 30, 2005 AND 2006, AND FOR THE NINE MONTHS PERIOD ENDED
SEPTEMBER 30, 2005 AND 2006 Figures in tables are presented in millions of Rupiah, unless otherwise stated
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24. BANK LOANS
continued a. The Export-Import Bank of Korea
On August 27, 2003, the Company entered into a loan agreement with the Export-Import Bank of Korea for a total facility of US124.0 million. The loan is used to finance the CDMA procurement
from the Samsung Consortium Note 51a.ii and available until April 2006. The loan bears interest, commitment and other fees totaling 5.68. The loan is unsecured and payable in 10 semi-annual
installments on June 30 and December 30 of each year beginning in December 2006. As of September 30, 2005 and 2006, principal outstanding amounted to US88,8 million Rp915,978
million and US117.6 million Rp1,084,578 million, respectively.
b. Bank Mandiri
On November 20, 2003, Dayamitra entered into a loan agreement with Bank Mandiri for a maximum facility of Rp39,925 million. As of December 31, 2003, the facility has been fully
drawn down. This facility is repayable on a quarterly basis until the fourth quarter of 2005 and bears interest at 14.5 per annum which is subject to change to reflect change in market rate
14 as of September 30, 2005, and payable on a monthly basis. The loan is obtained to refinance Dayamitra’s payable to six contractors. As of June 30, 2005, principal outstanding
under this facility was Rp22,328 million. On December 23, 2005, the loan was fully repaid and on January 4, 2006, the loan agreement was terminated.
On December 20, 2003, Dayamitra also obtained a credit facility from Bank Mandiri for a maximum facility of Rp40,000 million. The facility is repayable on a quarterly basis beginning
from the end of the third quarter of 2004 until end of the fourth quarter of 2006 and bears interest at 14 per annum which is subject to change to reflect change in market rate 11.25 and 14 as
of September 30, 2005 and 2006, respectively. The loan is obtained to finance the construction of Fixed Wireless CDMA project pursuant to the procurement agreement entered between
Dayamitra and Samsung Electronic Co. Ltd. As of September 30, 2005, principal outstanding under this facility was Rp23,754 million and the loan has been fully repaid on July 2006.
The above loans are collateralized by Dayamitra’s telecommunications equipmentnetwork with CDMA technology financed by these facilities, and Dayamitra’s share in the DKSOR of KSO VI.
In addition, Dayamitra is required to maintain a minimum balance of Rp6,000 million in an escrow account established to facilitate loan repayments Note 16b.
On March 13, 2003, Balebat entered into a loan agreement with Bank Mandiri for a facility of Rp2,500 million. This facility is secured by Balebat’s operating equipment and will mature in
July 2006. As of September 30, 2005 and 2006, interest rate charged on the loan was 19 and 17, respectively, and is payable on a monthly basis. The principal is repayable on a monthly
basis. As of September 30, 2005, principal outstanding under this facility amounted to Rp830 million and the loan has been fully repaid on July 2006.
On March 20, 2006, Telkomsel signed a loan agreement with Bank Mandiri in the facility amount of Rp600,000 million. The loan is payable to Bank Mandiri in five 5 equal semi-annual
installments from the date which is six 6 months after the end of availability period the period commencing March 20, 2006 to the earlier of the date falling 12 months or the date on which the
facility is fully drawn. The loan bears floating interest rate of three months Certificate of Bank Indonesia + 1.75. The Principal outstanding as of September 30, 2006 amounted to Rp600,000
million.
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued SEPTEMBER 30, 2005 AND 2006, AND FOR THE NINE MONTHS PERIOD ENDED
SEPTEMBER 30, 2005 AND 2006 Figures in tables are presented in millions of Rupiah, unless otherwise stated
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24. BANK LOANS
