PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2016 and for the Year Then Ended
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
13
1. GENERAL continued d. Subsidiaries continued
ii Indirect subsidiaries: continued
Subsidiaryplace of incorporation
Nature of businessdate of incorporation or acquisition
by the Company Year of start of
commercial operations
Percentage of ownership interest
Total assets before elimination
2016 2015
2016 2015
PT Sarana Usaha Sejahtera Insanpalapa
”TelkoMedika”,
Jakarta, Indonesia Health services, medicine
services including pharmacies, laboratories and
other health care support November 30, 2015
2008 75
75 72
49
PT Satelit Multimedia Indonesia
“SMI”,
Jakarta, Indonesia Satellite services
March 25, 2013 2013
99.99 99.99
18 13
Telekomunikasi Indonesia International
“Telkom USA”, Inc.,
USA Telecommunication
December 11, 2013 2014
100 100
9 52
PT Nusantara Sukses Sarana
“NSS”, Jakarta, Indonesia
Building and hotel management service and other services
September 1, 2014 -
99.99 99.99
- -
PT Nusantara Sukses Realti
”NSR”,
Jakarta, Indonesia Service and trading
September 1, 2014 -
99.99 99,99
- -
PT Metra TV
“Metra TV”, Jakarta, Indonesia
Subscription-broadcasting services
January 8, 2013 2013
99.83 99,83
- -
a Metra On November 30, 2015 Metra acquired 13,850 shares of TelkoMedika equivalent to 75
ownership with acquisition cost amounting to Rp69.5 billion. TelkoMedika engaged in health procurement and medicinal services including the establishment of pharmacies, hospital, clinic,
or other healthcare support.
Based on notarial deed of Utiek Rochmuljati Abdurachman, S.H., M.LI, M.Kn., No. 10, 11, 12, 13, 14 dated May 25, 2016, Metra purchased 2,000 shares of Ad Medika from the non-
controlling interest equivalent to 25 ownership amounting to Rp138 billion.
b Sigma Based on notarial deed of Utiek Rochmuljati Abdurachman, S.H., M.LI, M.Kn., No. 09 dated
December 18, 2015, which was approved by MoLHR through its decision letter No. AHU- AH.01.03-09904427 dated December 22, 2015, Sigma purchased 55 ownership in PT Media
Nusantara Global Data MNDG which is engaged in data center services. The acquisition cost amounted to Rp45 billion and the fair value of identifiable net assets amounted to Rp30
billion resulting in a goodwill of Rp15 billion Note 11.
Based on notarial deed of Utiek Rochmuljati Abdurachman, S.H., M.LI, M.Kn., No. 15 dated June 29, 2016, Sigma purchased 13,770 shares of PT Pojok Celebes Mandiri
“PCM” equivalent to 51 ownership from Metra amounting to Rp7.8 billion.
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2016 and for the Year Then Ended
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
14
1. GENERAL continued d. Subsidiaries continued
c TII On May 19, 2015, Pachub Acquisition Co. was incorporated, with Telekomunikasi Indonesia
International USA obtaining 100 direct ownership. On May 29, 2015, Telkom USA and Pachub Acquisition Co entered into an agreement and
plan of merger with AP Teleguam Holdings, Inc. On May 30, 2016, the agreement related to the merger was terminated.
d Jalin On November 3, 2016, the Company established a wholly-owned subsidiary under the name
PT Jalin Pembayaran Nusantara “Jalin” which was approved by the MoLHR through its Decision Letter No. AHU-0050800.AH.01.01 dated November 15, 2016. Jalin is engaged in
organizing ICT Information, Communication Telecommunication business focuses on non cash payment to support national payment gateway.
e Metranet On November 10, 2016, Metranet increased its share capital from Rp244 billion to Rp325 billion
by issuing 18,800,000 new shares which were wholly-owned by the Company. Based on notarial deed of Utiek Rochmuljati Abdurachman, S.H., M.LI, M.Kn., No. 08 and 09
dated November 14, 2016, Metranet purchased 4,900,000 shares of Melon equivalent to 49 ownership from SK Planet Co. and 300,000 shares of Melon equivalent to 3 ownership
from Metra amounting to US13,000,000 or Rp170.4 billion and Rp13.2 billion, respectively. As a result of this transaction, Metranet acquired 52 ownership in Melon and the remaining
shares are held by Metra.
e. Authorization for the issuance of the consolidated financial statements
The consolidated financial statements were prepared and approved for issuance by the Board of Directors on March 2, 2017.