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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20. SHORT-TERM BANK
LOANS continued
b. Bank Central Asia On December 3, 2004, Telkomsel entered into a loan agreement with Deutsche Bank AG, Jakarta
as “Arranger” and “Agent” and Bank Central Asia as “Lender” and “Transferor” with a total facility of Rp170,000 million. Under the agreement, the Lender may transfer its rights, benefits and
obligations to any bank or financial institution by delivering the Transfer Agreement to the Agent and notifying Telkomsel. The facility bears interest at a rate equal to the 3-month Certificates of
Bank Indonesia plus 1 i.e., 13.09 as of December 31, 2005 payable in arrears. The loan is due on February 1, 2006. As of September 30, 2005, the principal outstanding amounted to Rp170,000
million. On February 1, 2006, Telkomsel repaid the entire loan balance and the loan agreement was terminated.
On August 15, 2006, Telkomsel signed a loan agreement with Bank Central Asia in the facility amount of Rp700,000 million. This facility consist of Rp350,000 million short-term facility and
Rp350,000 million medium-term facility. The short-term facility is payable for 3 quarterly installment commencing after three months from the availability period the period from August
15, 2006 to which date is earlier between 3 months thereafter or the date when the facility is fully drawn down. The loan bears floating interest rate of three months Certificate of Bank Indonesia +
1.5. The Principal outstanding as of September 30, 2006 amounted to Rp350,000 million.
c. Bank Mandiri On August 28, 2001, Napsindo entered into a loan agreement with Bank Mandiri for a facility of
US1.8 million for a one-year term. The loan is secured with the Company’s time deposits Note 10 with interest rate at 2 above the pledged time deposits interest rate 2.65 as of June 30,
2005. The loan facility has been extended several times, the most recent of which was on September 23, 2004 where the loan facility was extended for another one-year term and expired on
August 28, 2005.
On April 24, 2003, Napsindo also entered into a loan agreement with Bank Mandiri for a facility of US2.7 million for a one-year term. On May 4, 2004, the facility was extended for another one
year term and expired on April 24, 2005. The loan was secured by the Company’s time deposits Note 10 and bore interest at 2 above the pledged time deposits interest rate 2.65 as of June
30, 2005.
On July 29, 2005, the Company’s time deposits pledged for these facilities were used to repay the principal outstanding and on August 1, 2005, the loan agreements were terminated.
On August 15, 2006, Telkomsel signed a loan agreement with Bank Mandiri in the facility amount of Rp700,000 million. This facility consist of Rp350,000 million short-term facility and
Rp350,000 million medium-term facility. The short-term facility is payable for 3 quarterly installment commencing after three months from the availability period the period from August
15, 2006 to which date is earlier between 3 months thereafter or the date when the facility is fully drawn down. The loan bears floating interest rate of three months Certificate of Bank Indonesia +
1.5. The Principal outstanding as of September 30, 2006 amounted to Rp350,000 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
- 54
20. SHORT-TERM BANK
