GENERAL continued Subsidiaries continued
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
r. Revenue and expense recognition continued
ix. Customer loyalty programme The Company and subsidiaries operate a loyalty point programme, which allows customers to accumulate points for every certain multiple of the usage of telecommunication services. The points can then be redeemed in the future for free or discounted products, provided other qualifying conditions are achieved. Consideration received is allocated between the telecommunication services and the points issued, with the consideration allocated to the points equal to their fair value. Fair value of the points is determined based on historical information about redemption rate of award points, Fair value of the points issued is deferred and recognized as revenue when the points are redeemed or expired. x. Service concession arrangements The Company and subsidiaries have implemented ISAK 16,” Service Concession Arrangements”, which is effective starting on January 1, 2012. Based on ISAK 16, revenues relating to construction or upgrade services under a service concession arrangement are recognized based on the stage of completion of the work performed. Operation or service revenue is recognized in the period in which the service is provided. When more than one service is provided in the service concession arrangements, the consideration received is allocated by reference to the relative value of the services. Further, the developed infrastructure assets under these arrangements are not recognized as property and equipment of the operator, because the contractual arrangements do not convey the right to control the use of the public services infrastructure assets to the operator. xi. Expenses Expenses are recognized as they are incurred.s. Employee benefits
i. Short-term employee benefits All short-term employee benefits which consist of salaries and related benefits, vacation pay, incentives and other short-term benefits are recognized as expense on undiscounted basis when employees have rendered service to the Company and subsidiaries. ii. Pension and post-retirement health care benefit plans The net obligations in respect of the defined pension benefit and post-retirement health care benefit plans are calculated at the present value of estimated future benefits that the employees have earned in return for their service in the current and prior periods, less the fair value of plan assets and as adjusted for unrecognized actuarial gains or losses and unrecognized past service cost. The calculation is performed by an independent actuary using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows using interest rates of government bonds that are denominated in the currencies in which the benefits will be paid and that have terms to maturity approximating the terms of the related retirement benefit obligation. Government bonds are used as there is no deep market for high quality corporate bonds.Parts
» GENERAL continued Establishment and general information
» GENERAL continued Establishment and general information continued
» GENERAL continued Public offering of securities of the Company
» Public offering of securities of the Company continued
» GENERAL continued Subsidiaries continued
» Subsidiaries continued General Meeting of Shareholders “GMS”
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Principles of consolidation General Meeting of Shareholders “GMS”
» Transactions with related parties
» Investments in associated companies
» Assets held for sale Property and equipment - direct acquisitions continued
» Leases Trade payables General Meeting of Shareholders “GMS”
» Borrowings Revenue and expense recognition continued
» Employee benefits continued General Meeting of Shareholders “GMS”
» Financial instruments continued General Meeting of Shareholders “GMS”
» Dividends General Meeting of Shareholders “GMS”
» Basic earnings per share and earnings per ADS
» Segment information General Meeting of Shareholders “GMS”
» Provision General Meeting of Shareholders “GMS”
» BUSINESS COMBINATIONS Impairment of non-financial assets
» BUSINESS COMBINATIONS continued Acquisitions
» Acquisitions continued General Meeting of Shareholders “GMS”
» BUSINESS COMBINATION continued Disposal of Indonusa
» CASH AND CASH EQUIVALENTS continued
» CASH AND CASH EQUIVALENTS continued OTHER CURRENT FINANCIAL ASSETS
» TRADE RECEIVABLES Disposal of Indonusa continued
» TRADE RECEIVABLES continued Disposal of Indonusa continued
» INVENTORIES Disposal of Indonusa continued
» INVENTORIES continued Disposal of Indonusa continued
» ADVANCES AND PREPAID EXPENSES
» ASSET HELD FOR SALE LONG-TERM INVESTMENTS
» LONG-TERM INVESTMENTS continued Disposal of Indonusa continued
» PROPERTY AND EQUIPMENT Disposal of Indonusa continued
» PROPERTY AND EQUIPMENT continued
» ADVANCES AND OTHER NON-CURRENT ASSETS continued INTANGIBLE ASSETS
» INTANGIBLE ASSETS continued TRADE PAYABLES 2013
» UNEARNED INCOME 2013 Disposal of Indonusa continued
» SHORT-TERM BANK LOANS Disposal of Indonusa continued
» CURRENT MATURITIES OF LONG-TERM LIABILITIES
» TWO-STEP LOANS continued Disposal of Indonusa continued
» BONDS AND NOTES Disposal of Indonusa continued
» BANK LOANS Disposal of Indonusa continued
» BANK LOANS continued Disposal of Indonusa continued
» NON-CONTROLLING INTERESTS 2013 Disposal of Indonusa continued
» CAPITAL STOCK 2013 Disposal of Indonusa continued
» CAPITAL STOCK continued 2012 ADDITIONAL PAID-IN CAPITAL 2013
» ADDITIONAL PAID-IN CAPITAL continued TREASURY STOCK
» TREASURY STOCK continued REVENUES 2013
» REVENUES continued 2013 PERSONNEL EXPENSES 2013
» CASH DIVIDENDS AND GENERAL RESERVE
» CASH DIVIDENDS AND GENERAL RESERVE continued Appropriation of Retained Earnings
» RETIREMENT BENEFIT AND OTHER POST RETIREMENT BENEFIT OBLIGATIONS 2013
» RETIREMENT BENEFIT Pension benefit costs provisions
» RETIREMENT BENEFIT Other post-retirement benefits
» POST-RETIREMENT HEALTH CARE BENEFITS
» POST-RETIREMENT HEALTH CARE BENEFITS continued
» RELATED PARTY TRANSACTIONS Obligation under the Labor Law
» RELATED PARTY TRANSACTIONS continued a.
» RELATED PARTY TRANSACTIONS continued b. Transactions with related parties
» 3,626 2013 General Meeting of Shareholders “GMS”
» RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» 506 2013 General Meeting of Shareholders “GMS”
» 382 General Meeting of Shareholders “GMS”
» Cash and cash equivalents Note 4
» Other current financial assets Note 5
» Trade receivables - net Note 6
» Advances and prepaid expenses Note 8 Trade payables Note 14
» 432 General Meeting of Shareholders “GMS”
» Short-term bank loans Note 17
» Long-term bank loans Note 21
» RELATED PARTY TRANSACTIONS continued c.
» RELATED PARTY TRANSACTIONS continued
» SEGMENT INFORMATION Key management personnel remuneration
» SEGMENT INFORMATION continued Key management personnel remuneration
» REVENUE-SHARING ARRANGEMENTS “RSA” Key management personnel remuneration
» TELECOMMUNICATIONS SERVICE TARIFFS Key management personnel remuneration
» Fixed line telephone tariffs
» TELECOMMUNICATIONS SERVICE TARIFFS continued b. Mobile cellular telephone tariffs continued
» Interconnection tariffs General Meeting of Shareholders “GMS”
» Network lease tariffs General Meeting of Shareholders “GMS”
» SIGNIFICANT COMMITMENTS AND AGREEMENTS a.
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued a.
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