PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued JUNE 30, 2012 UNAUDITED AND DECEMBER 31, 2011 AUDITED
AND SIX MONTHS PERIOD ENDED JUNE 30, 2012 AND 2011 UNAUDITED Figures in tables are presented in billions of Rupiah, unless otherwise stated
83
35. POST-RETIREMENT HEALTH CARE BENEFITS continued
The actuarial valuation for the post-retirement health care benefits was performed based on the measurement date as of December 31, 2011 and 2010, with reports dated March 7, 2012 and March
15, 2011, respectively, by TWP, an independent actuary in association with TW. The principal actuarial assumptions used by the independent actuary as of December 31, 2011 and
2010, are as follows:
2011 2010
Discount rate 7.25
9.5 Expected long-term return on plan assets
8.00 8.21
Health care costs trend rate assumed for next year 7
8 Ultimate health care costs trend rate
7 8
Year that the rate reaches the ultimate trend rate 2012
2011 36. RELATED PARTY TRANSACTIONS
In the normal course of business, the Company and its subsidiaries entered into transactions with related parties. It is the Companys policy that the pricing of these transactions be the same as those
of arm’s-length transactions.
a. Nature of relationships and transactionsaccounts with related parties
Details of the nature of relationships and transactionsaccounts with significant related parties are as follows:
Nature of relationships Related parties
with related parties Nature of transactionsaccounts
The Government Majority stockholder
Finance expense, and investment on financial instruments
Government Agencies Entity under common control
Network revenues and operation expenses MoCI
Entity under common control Concession fees, radio frequency usage
charges, USO charges and telecommunication services revenue
State-owned enterprises Entity under common control
Operation expenses, purchase of property, plant and equipment, construction and
installation services, insurance expense, finance expense, finance income,
investment on financial instruments Indosat
Entity under common control Interconnection revenues, interconnection
expenses, telecommunications facilities usage, operating and maintenance cost
leased lines revenue, satellite transponders usage revenues and usage of data
communication network system expenses and lease revenues
PT Aplikanusa Lintasarta Entity under significant
Network revenues, usage of data “Lintasarta”
influence communication network system expenses
and leased lines expenses PT Satelit Palapa Indonesia
Entity under significant Network revenues and leased lines expenses
“Satelindo” influence
Indosat Mega Media Entity under significant
Network revenues influence
PT Sistelindo Mitralintas Entity under significant
Network revenues influence
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued JUNE 30, 2012 UNAUDITED AND DECEMBER 31, 2011 AUDITED
AND SIX MONTHS PERIOD ENDED JUNE 30, 2012 AND 2011 UNAUDITED Figures in tables are presented in billions of Rupiah, unless otherwise stated
84
36. RELATED PARTY TRANSACTIONS continued a. Nature of relationships and transactionsaccounts with related parties continued
Nature of relationships Related parties
with related parties Nature of transactionsaccounts
CSM Associated company
Satellite transponders usage revenues, leased lines revenues and transmission lease
expenses Patrakom
Associated company Satellite transponders usage revenues,
leased lines revenues and transmission lease expenses
PSN Associated company
Satellite transponders usage revenues, leased lines revenues, transmission lease
expenses, interconnection revenues and interconnection expense
PT Industri Telekomunikasi Entity under common control
Purchase of property, plant and equipment Indonesia “INTI”
PT Asuransi Jasa Indonesia Entity under common control
Insurance of property, plant and equipment “Jasindo”
PT Jaminan Sosial Tenaga Kerja Entity under common control
Insurance expenses for employees “Jamsostek”
PT Perusahaan Listrik Negara Entity under common control
Electricity expenses Persero “PLN”
PT Pos Indonesia Entity under common control
Cost of SIM cards State-owned banks
Entity under common control Finance income and finance costs
BNI Entity under common control
Finance income and finance costs Bank Mandiri
Entity under common control Finance income and finance costs
BRI Entity under common control
Finance income and finance costs BTN
Entity under common control Finance income and finance costs
PT Bahana TCW Investment Entity under common control
Available-for-sale financial assets, bonds Management “Bahana”
and notes Koperasi Pegawai Telkom
Entity under significant Purchase of property, plant and equipment,
“Kopegtel” influence
construction and installation services, leases buildings, leases vehicles,
purchases materials and construction services, and utilizes maintenance, cleaning
services and RSA revenues PT Sandhy Putra Makmur “SPM”
Entity under significant leases buildings, leases vehicles, purchases
influence materials and construction services, and
utilizes maintenance and cleaning services Koperasi Pegawai Telkomsel
Entity under significant Car rental services, printing and distribution
“Kisel” influence
of customer bills, collection, other services, distribution of SIM cards and pulse reload
vouchers PT Graha Informatika
Entity under significant Leased lines revenues, purchase of
Nusantara “Gratika” influence
property, plant and equipment installation and maintenance expense
Directors and commissioners Key management personnel
Honorarium and facilities Yakes
Entity under significant Medical expenses
influence
