PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued JUNE 30, 2009 AND 2010
SIX MONTHS PERIOD ENDED JUNE 30, 2009 AND 2010 Figures in tables are presented in millions of Rupiah, unless otherwise stated
41
10. LONG-TERM INVESTMENTS
2009 Percentage
of Beginning
Share of net Translation
Ending ownership
balance loss income
adjustment balance
Equity method:
CSM 25.00
84,197 3,800
697 79,700
Patrakom 40.00
32,949 831
- 33,780
PSN 22.38
- -
- -
117,146 2,969
697 113,480
Cost method:
Scicom MSC Berhad “Scicom” 9.80
30,961 -
- 30,961
Bridge Mobile Pte. Ltd. “BMPL” 10.00
20,360 -
- 20,360
PT Batam Bintan Telekomunikasi “BBT”
5.00 587
- -
587 PT Pembangunan
Telekomunikasi Indonesia “Bangtelindo”
2.11 199
- -
199 52,107
- -
52,107 169,253
2,969 697
165,587 2010
Percentage Share of
of Beginning
net loss Translation Ending
ownership balance
Addition income
adjustment balance
`
Equity method:
Patrakom 40.00
36,409 -
1,341 -
37,750 CSM
25.00 44,277
- 6,315
2,343 35,619
PSN 22.38
- -
- -
- 80,686
- 4,974
2,343 73,369
Cost method:
Scicom 29.85
49,721 64,358
- -
114,079 BMPL
10.00 20,360
- -
- 20,360
BBT 5.00
587 -
- -
587 Bangtelindo
2.11 199
- -
- 199
70,867 64,358
- -
135,225 151,553
64,358 4,974
2,343 208,594
a. Patrakom
Patrakom is engaged in providing satellite communication system services, related services and facilities to companies in the petroleum industry.
As of June 30, 2009 and 2010, the carrying amount of investment in Patrakom was equal to the Company’s share in the net assets of Patrakom.
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued JUNE 30, 2009 AND 2010
SIX MONTHS PERIOD ENDED JUNE 30, 2009 AND 2010 Figures in tables are presented in millions of Rupiah, unless otherwise stated
42
10. LONG-TERM INVESTMENTS continued b. CSM
CSM is engaged in providing Very Small Aperture Terminal “VSAT”, network application services and consulting services on telecommunications technology and related facilities.
As of June 30, 2009 and 2010, the carrying amount of the investment in CSM was equal to the Company’s share in the net assets of CSM.
c. PSN
PSN is engaged in providing satellite transponder leasing and satellite-based communication services in the Asia Pacific region. The Company’s share in losses in PSN has exceeded the
carrying amount of its investment since 2001, accordingly, the investment value has been reduced to Rp.nil.
d. Scicom
Scicom is engaged in providing call center services in Malaysia. As of June 30, 2009, TII’s contributions amounted to US3.42 million equivalent to Rp.30,961 million, which represents or
equivalent to 9.80 of TII’s total ownership in Scicom.
In 2009, TII has purchased an additional 16,081,800 Scicom shares with transaction value amounting to US1.973 million equivalent to Rp.18,760 million. As a result, TII’s ownership in
Scicom increased to 15.86.
On February 3, 2010, TII has purchased additional 3,042,400 Scicom shares with a transaction value amounting to US0.42 million equivalent to Rp.3,905 million, as a result, TII’s ownership
in Scicom increased to 17.01. On May 6, 2010 and June 16, 2010, TII has purchased additional 4,870,000 and 30,000,000
Scicom shares, respectively, with a transaction value amounting to US0.76 million equivalent to Rp.6,897 million and US5.79 million equivalent to Rp.53,556 million, respectively, as a result,
TII’s ownership in Scicom increased to 29.85.
As of the issuance date of the consolidated financial statements, TII has no significant influence on Scicom, therefore TII recorded the investment under cost method.
e. BMPL
BMPL Singapore, an associated entity of Telkomsel, is engaged in providing regional mobile services in the Asia Pacific region.
As of June 30, 2009 and 2010, Telkomsel’s contributions which represent 10 ownership interest amounted to US2,200,000 equivalent to Rp.20,360 million.
f. BBT
BBT is engaged in providing fixed line telecommunication services at Batamindo Industrial Park in Muka Kuning, Batam Island and at Bintan Beach International Resort and Bintan Industrial Estate
in Bintan Island.
g. Bangtelindo
Bangtelindo is primarily engaged in providing consultancy services on the installation and maintenance of telecommunications facilities.
