PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued SEPTEMBER 30, 2007 AND 2008,
AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2007 AND 2008 Figures in tables are presented in millions of Rupiah, unless otherwise stated
11
1. GENERAL continued a. Establishment and general information continued
On press release No. 05HMSJPVIII2000 dated August 1, 2000 of the Directorate General of Post and Telecommunications “DGPT”, as corrected by No. 1718UMVIII2000 dated
August 2, 2000, the period for exclusive rights granted to the Company to provide local and SLJJ fixed-line telecommunications services, were shortened from the expiration period of
December 2010 to August 2002 and from December 2005 to August 2003. In return, the Government was required to pay compensation to the Company Notes 13 and 29. Further, on
press release of the Coordinating Minister of Economics of the Republic of Indonesia dated July 31, 2002, the Government terminated the Company’s exclusive right as a network provider
for local and SLJJ services effective August 1, 2002. On August 1, 2002, PT Indonesian Satellite Corporation Tbk “Indosat” was granted a license to provide local and SLJJ telecommunications
services.
The Company has a commercial license to provide International Direct Dialing “IDD” services based on the Minister of Communications of the Republic of Indonesia “MoC” Decree
No. KP. 1622004 dated May 13, 2004.
b. Company’s officers and employees
1. Officers Based on resolutions made at i the Annual General Meeting “AGM” of Stockholders dated
June 24, 2005 as covered by notarial deed No. 36 of A. Partomuan Pohan, S. H., LLM.; ii the Extraordinary General Meetings “EGM” of Stockholders dated February 28, 2007 as
covered by notarial deed No. 16 of the same notary, as amended through the AGM of Stockholders dated June 29, 2007 as covered by notarial deed No. 58 of the same notary
and iii EGM of Stockholders dated September 19, 2008, the composition of the Company’s Board of Commissioners and Directors as of September 30, 2007 and 2008, respectively,
were as follows:
2007 2008
President Commissioner Tanri Abeng
Tanri Abeng Commissioner
Anggito Abimanyu Bobby A.A Nazief
Commissioner Mahmuddin Yasin
Mahmuddin Yasin Independent Commissioner
Arif Arryman Arif Arryman
Independent Commissioner Petrus Sartono
Petrus Sartono President Director
Rinaldi Firmansyah Rinaldi Firmansyah
Vice President Director Chief Operating Officer
see Note below see Note below
Director of Finance Sudiro Asno
Sudiro Asno Director of Network and Solution
I Nyoman Gede Wiryanata Ermady Dahlan Director of Enterprise and
Wholesale Arief Yahya
Arief Yahya Director of Consumer
Ermady Dahlan I Nyoman Gede Wiryanata
Director of Compliance and Risk Management
Prasetio Prasetio
Chief Information Technology Officer
Indra Utoyo Indra Utoyo
Human Resources Director Human Capital and General
Affairs Faisal Syam
Faisal Syam
Position is vacant in 2007 and 2008
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued SEPTEMBER 30, 2007 AND 2008,
AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2007 AND 2008 Figures in tables are presented in millions of Rupiah, unless otherwise stated
12
1. GENERAL continued b. Company’s officers and employees continued
1. Officers continued Based on AGM of Stockholders dated June 29, 2007, the Company’s stockholders agreed to
replace Gatot Trihargo as the Company’s Commissioner to Mahmuddin Yasin. Based on Board of Commissioners’ Decision Letter dated February 15, 2008, the Board of
Commissioners agreed to appoint Ermady Dahlan as Director of Network and Solution and I Nyoman Gede Wiryanata as Director of Consumer effective from March 1, 2008.
Based on Letter No. S-584KF2008 dated June 20, 2008, Anggito Abimanyu resigned from his position as a member of Company’s Board of Commissioners effective from
August 20, 2008. Based on EGM of Stockholders dated September 19, 2008, the Company’s stockholders agreed to appoint Bobby A.A. Nazief as the a member of Company’s Board of
Commissioners for filling in the vacant position and to extend the term of service of the Company’s Board of Commissioners which should expire on March 10, 2009, to be extended
on the date of the AGM of Stockholders in 2009.
2. Employees As of September 30, 2007 and 2008, the Company and its subsidiaries had 32,448 and
34,426 employees, respectively.
c. Public offering of shares of the Company
The Company’s shares prior to its Initial Public Offering “IPO” totaled 8,400,000,000, consisting of 8,399,999,999 Series B shares and 1 Series A Dwiwarna share, and were 100-owned
by the Government. On November 14, 1995, 933,333,000 new Series B shares and 233,334,000 Series B shares owned by the Government were offered to public through IPO at the
Indonesia Stock Exchange “IDX” previously the Jakarta Stock Exchange and the Surabaya Stock Exchange and 700,000,000 Series B shares owned by the Government were offered to
the public and listed on the New York Stock Exchange “NYSE” and the London Stock Exchange “LSE”, in the form of American Depositary Shares “ADS”. There are 35,000,000 ADS and each
ADS represents 20 Series B shares at that time.
In December 1996, the Government had a block sale of its 388,000,000 Series B shares, and in 1997, had distributed 2,670,300 Series B shares as incentive to stockholders who did not sell
their shares within one year from the date of the IPO. In May 1999, the Government further sold 898,000,000 Series B shares.
To comply with Law No. 11995 of the Limited Liability Companies, at the AGM of Stockholders on April 16, 1999, the stockholders resolved to increase the Company’s issued share capital
through distribution of 746,666,640 bonus shares, to be taken from its additional paid-in capital, which were distributed to stockholders in August 1999.
On August 16, 2007, the Law No. 11995 of the Limited Liability Companies has been amended by the issuing of Law No. 402007 of the Limited Liability Companies which become effective at
the same date. The Law No. 402007 has no effect to the public offering of shares of the Company. The Company has complied with Law No. 402007.
