PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2013 and for the Year Then Ended
Figures in tables are expressed in billions of rupiah, unless otherwise stated
92
36. POST-RETIREMENT HEALTH CARE BENEFITS continued
The actuarial valuation for the post-retirement health care benefits was performed based on the measurement date as of December 31, 2013 and 2012, with reports dated February 28, 2014 and
February 28, 2013, respectively, by TWP, an independent actuary in association with TW. The principal actuarial assumptions used by the independent actuary as of December 31, 2013 and
2012 are as follows:
2013 2012
Discount rate 9.00
6.25 Expected long-term return on plan assets
9.50 7.50
Health care costs trend rate assumed for next year 7.00
7.00 1 change in assumed future health care costs trend rates would have the following effects:
1 point increase 1 point decrease
Service costs and interest costs 289
227 Accumulated post-retirement health care benefits obligation
1,720 1,413
Historical information: 2013 2012 2011 2010
2009
Present value of funded defined benefit obligation
10,653 13,162 10,547 8,741
7,166
Fair value of plan assets 9,661
9,913 8,986
8,005 6,022
Deficit in the plan 992
3,249 1,561
736 1,144
Experience adjustments arising on
plan liabilities 56
74 64
231 722
Experience adjustments arising on
plan assets 1,005
177 222
691 756
37. RELATED PARTY TRANSACTIONS
In the normal course of its business, the Company and subsidiaries entered into transactions with related parties. It is the Companys policy that the pricing of these transactions be the same as those
of arm’s length transactions.
a. Nature of relationships and accountstransactions with related parties
Details of the nature of relationships and transactionsaccounts with significant related parties are as follows:
Nature of relationships Related parties
with related parties Nature of transactionsaccounts
The Government Majority stockholder
Finance costs and investment in Ministry of Finance
financial instruments State-owned enterprises
Entity under common control Operation expenses, purchase of property
and equipment, construction and installation services, insurance expense,
finance income, finance costs, investment in financial instruments
Indosat Entity under common control
Interconnection revenues, interconnection expenses, telecommunications facilities
usage, operating and maintenance cost, leased lines revenue, satellite transponders
usage revenues, usage of data communication network system expenses
and lease revenues
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2013 and for the Year Then Ended
Figures in tables are expressed in billions of rupiah, unless otherwise stated
93
37. RELATED PARTY TRANSACTIONS continued a. Nature of relationships and accountstransactions with related parties continued
Details of the nature of relationships and transactionsaccounts with significant related parties are as follows:
Nature of relationships Related parties
with related parties Nature of transactionsaccounts
PT Aplikanusa Lintasarta Entity under common control
Network revenues, usage of data “Lintasarta”
communication network system expenses and leased lines expenses
Indosat Mega Media Entity under common control
Network revenues CSM
Associated company Satellite transponders usage revenues,
leased lines revenues, transmission lease expenses
Patrakom Associated company
Satellite transponders usage revenues, leased lines revenues, transmission lease
expenses PSN
Associated company Satellite transponders usage revenues,
leased lines revenues, transmission lease expenses, interconnection revenues and
interconnection expense Indonusa
Associated company Leased line revenues, telecommunication
services revenue, data telecommunication expense
PT Industri Telekomunikasi Entity under common control
Purchase of property and equipment Indonesia “INTI”
PT Asuransi Jasa Indonesia Entity under common control
Insurance of property and equipment “Jasindo”
PT Jaminan Sosial Tenaga Kerja Entity under common control
Insurance for employees “Jamsostek”
PT Perusahaan Listrik Negara Entity under common control
Electricity expenses Persero “PLN”
PT Pos Indonesia Entity under common control
Cost of SIM cards State-owned banks
Entity under common control Finance income and finance costs
BNI Entity under common control
Finance income and finance costs Bank Mandiri
Entity under common control Finance income and finance costs
BRI Entity under common control
Finance income and finance costs BTN
Entity under common control Finance income and finance costs
BSM Entity under common control
Finance costs PT Bank BRI Syariah
Entity under common control Finance costs
“BRI Syariah” Bahana
Entity under common control Available-for-sale financial assets, bonds
and notes Koperasi Pegawai Telkom
Entity under common control Purchase of property and equipment,
“Kopegtel” construction and installation services,
leases of buildings, leases of vehicles, purchases of materials and construction
services, utilities maintenance and cleaning services and RSA revenues
PT Sandhy Putra Makmur Entity under common control
Leases of buildings, leases of vehicles, “SPM”
purchase of materials and construction services, utilities maintenance and
cleaning services Koperasi Pegawai Telkomsel
Entity under common control Leases of vehicles, printing and distribution
“Kisel” of customer bills, collection fee, and other
services fee, distribution of SIM cards and pulse reload vouchers
PT Graha Informatika Entity under common control
Leased lines revenues, purchase of Nusantara “Gratika”
property and equipment, installation expense, and maintenance expense
Directors and commissioners Key management personnel
Honorarium and facilities Yakes
Entity under significant Medical expenses
influence
Patrakom became a subsidiary on September 25, 2013 Note 3. On October 8, 2013, the Company sold its 80 ownership in Indonusa Notes 3 and 10.
