PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of September 30, 2014 and for the Nine months Period Then Ended unaudited
Figures in tables are expressed in billions of rupiah, unless otherwise stated
95
36. POST-RETIREMENT HEALTH CARE BENEFITS continued
The movements of the projected post-retirement health care benefit costs provisions for nine months period ended September 30, 2014 and for the year ended December 31, 2013, are as follows:
September 30, December 31, 2014
2013
Projected post-retirement health care benefit costs provisions at beginning of year
752 679
Net periodic post-retirement health care benefits costs less amounts charged to subsidiaries Note 27
56 374
Amounts charged to subsidiaries under contractual agreements
1 1
Employer’s contributions 205
302
Projected post-retirement health care benefit costs provisions at end of period
604 752
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:
December 31, December 31, 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
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
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of September 30, 2014 and for the Nine months Period Then Ended unaudited
Figures in tables are expressed in billions of rupiah, unless otherwise stated
96
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
usage revenues, usage of data communication network system expenses
and lease revenues 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
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
