PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF SEPTEMBER 30, 2013 UNAUDITED AND FOR NINE MONTHS PERIOD ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2012 AUDITED AND FOR NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2012 UNAUDITED
Figures in tables are presented in billions of Rupiah, unless otherwise stated
85
34. RETIREMENT BENEFITS OBLIGATION continued
b. Pension benefit costs provisions continued i The Company continued
The Company also provides benefits to employees during a pre-retirement period in which they are inactive for 6 months prior to their normal retirement age of 56 years, known as pre-
retirement benefits “Masa Persiapan Pensiun” or “MPP”. During the pre-retirement period, the employees still receive benefits provided to active employees, which include, but are not
limited to, regular salary, health care, annual leave, bonus and other benefits. Since 2012, the Company has issued a new requirement for MPP effective for employees retiring
beginning April 1, 2012, whereby the employee is required to file a request for MPP and if the employee does not file the request, he or she is required to work until the retirement date.
The following table presents the change in projected benefits obligation of MPS and MPP for nine months period ended September 30, 2013 and the years ended December 31, 2012:
September 30, December 31, 2013
2012 Change in projected benefits obligation
Unfunded projected benefits obligation at beginning of year
2,436 2,440
Service costs 73
104 Interest costs
112 173
Actuarial gains 39
128 Benefits paid by employer
62 153
Unfunded projected benefits obligation at end of year
2,520 2,436
Unrecognized prior service costs 539
639 Unrecognized net actuarial losses
400 424
Pension benefit costs provisions at end of period 1,581
1,373
The movements of the pension benefit costs provisions during nine months period ended September 30, 2013 and the years ended December 31, 2012:
September 30, December 31, 2013
2012
Pension benefits costs provisions at beginning of year 1,373
1,067 Net periodic pension costs
310 459
Employer’s contribution 102
153
Pension benefits costs provisions at end of period 1,581
1,373
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF SEPTEMBER 30, 2013 UNAUDITED AND FOR NINE MONTHS PERIOD ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2012 AUDITED AND FOR NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2012 UNAUDITED
Figures in tables are presented in billions of Rupiah, unless otherwise stated
86
34. RETIREMENT BENEFITS OBLIGATION continued b. Pension benefit costs provisions continued
i The Company continued The components of net periodic pension costs are as follows:
September 30, December 31, 2013
2012
Service costs 73
104 Interest costs
112 173
Amortization of prior service costs 100
133 Recognized actuarial losses
25 49
Total net periodic pension costs Note 27 310
459
ii Telkomsel Telkomsel provides a defined benefit pension plan to its employees. Under this plan,
employees are entitled to pension benefits based on their latest basic salary or take-home pay and the number of years of their service. PT Asuransi Jiwasraya “Jiwasraya”,
a state-owned life insurance company, manages the plan under an annuity insurance contract. Until 2004, the employees contributed 5 of their monthly salaries to the plan and
Telkomsel contributed any remaining amount required to fund the plan. Starting 2005, the entire contributions are fully made by Telkomsel.
The reconciliation of the unfunded status of the plans with the amounts included in the consolidated statements of financial position as of September 30, 2013 and December 31,
2012 are as follows:
September 30, December 31, 2013
2012
Projected benefits obligation 1,636
1,472 Fair value of plan assets
666 666
Funded status 970
806 Unrecognized items in the consolidated
statements of financial position: Unrecognized prior service costs
Unrecognized net actuarial losses 405
387
Pension benefits costs provisions 565
419