PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
continued
DECEMBER 31, 2010 AUDITED AND MARCH 31, 2011 UNAUDITED AND THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011 UNAUDITED
Figures in tables are presented in millions of Rupiah, unless otherwise stated
100
44. RELATED PARTY TRANSACTIONS
continued
c. Indosat
continued ii. IRU Agreement continued
On December 8, 2010, the agreement was terminated with no refund of upfront payment. In 1994, the Company transferred to Satelindo the right to use a parcel of Company-owned land
located in Jakarta which had been previously leased to Telekomindo. Based on the transfer agreement, Satelindo is given the right to use the land for 30 years and can apply for the right to
build properties thereon. The ownership of the land is retained by the Company. Satelindo agreed to pay Rp.43,023 million to the Company for the right to use of 30 years. Satelindo paid
Rp.17,210 million in 1994 while the remaining balance Rp.25,813 million was not paid because the Utilization Right “Hak Pengelolaan Lahan” or HPL on the land could not be delivered as
provided in the transfer agreement. In 2000, the Company and Satelindo agreed on an alternative solution resulting in the payment being treated as a lease expense up to 2006. In 2001, Satelindo
paid an additional amount of Rp.59,860 million as lease expense up to 2024. As of December 31, 2010 and March 31, 2011, the prepaid portion is shown in the consolidated statement of financial
positions as “Advances from customers and suppliers”.
The Company provides leased lines to Indosat and its subsidiaries, namely Indosat Mega Media, Lintasarta and PT Sistelindo Mitralintas. The leased lines can be used by these companies for
telephone, telegraph, data, telex, facsimile or other telecommunication services. Revenues earned from these transactions amounted to Rp.34,671 million and Rp.31,682 million for three
months period ended March 31, 2010 and 2011, respectively, representing 0.2 of the total operating revenues for each period.
Lintasarta utilizes the Company’s satellite transponders or frequency channels. Revenues earned from these transactions amounted to Rp.8,761 million and Rp.5,891 million for three months
period ended March 31, 2010 and 2011, respectively, representing 0.05 and 0.04 of total operating revenues for each period.
Telkomsel has an agreement with Lintasarta valid until October 31, 2010, however, the current usage of the system is temporarily based on the agreement and PT Artajasa Pembayaran
Elektronis “Artajasa” valid until May 2011 a 39.8 owned subsidiary of Indosat for the usage of data communication network system. The charges from Lintasarta and Artajasa for the
services amounted to Rp.9,574 million and Rp.7,737 million for three months period ended March 31, 2010 and 2011, respectively, representing 0.1 of the total operating expenses for each
period.
d. Others Transactions with all BUMN are considered as related parties transactions:
i The Company provides telecommunication services to substantially all Government
Agencies in Indonesia for which transactions are treated as that of third parties customers.
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
continued
DECEMBER 31, 2010 AUDITED AND MARCH 31, 2011 UNAUDITED AND THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011 UNAUDITED
Figures in tables are presented in millions of Rupiah, unless otherwise stated
101
44. RELATED PARTY TRANSACTIONS
