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
12
1. GENERAL continued b. Company’s Board of Commissioners, Directors and employees continued
1. Board of Commissioners and Directors continued Based on the EGM of Stockholders of the Company dated June 11, 2010, the Company’s
stockholders agreed to extend the terms of service of Tanri Abeng, Arif Arryman and Petrus Sartono up to the next AGM of Stockholders of the Company.
2. Employees As of June 30, 2009 and 2010, the Company and its subsidiaries had 29,181 and
27,249 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 and
listed on 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 the Company’s 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 of the Company on April 16, 1999, the Company’s stockholders resolved to increase the Company’s
issued share capital by distribution of 746,666,640 bonus shares through the capitalization of certain additional paid-in capital, which were distributed to the Company’s stockholders in August
1999. On August 16, 2007, the Law No. 11995 of the Limited Liability Companies was amended by the issuing of Law No. 402007 of the Limited Liability Companies which became effective at
the same date. The Law No. 402007 has no effect on the public offering of shares of the Company. The Company has complied with Law No. 402007.
In December 2001, the Government had another block sale of 1,200,000,000 shares or 11.9 of the total outstanding Series B shares. In July 2002, the Government sold a further
312,000,000 shares or 3.1 of the total outstanding Series B shares.
At the AGM of Stockholders of the Company dated July 30, 2004, as covered by notarial deed No. 26 of A. Partomuan Pohan, S.H., LLM., the Company’s stockholders approved the
Company’s 2-for-1 stock split for Series A Dwiwarna and Series B. For Series A Dwiwarna share with par value of Rp.500, it was split into 1 Series A Dwiwarna share with par value of Rp.250 per
share and 1 Series B share with par value of Rp.250 per share. The stock split resulted in an increase of the Company’s authorized capital stock from 1 Series A Dwiwarna share and
39,999,999,999 Series B shares to 1 Series A Dwiwarna share and 79,999,999,999 Series B shares, and issued capital stock from 1 Series A Dwiwarna share and 10,079,999,639 Series B
shares to 1 Series A Dwiwarna share and 20,159,999,279 Series B shares. After the stock split, each ADS represented 40 Series B shares.
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
13
1. GENERAL continued c. Public offering of shares of the Company continued
During the EGM of Stockholders of the Company on December 21, 2005, AGM of Stockholders of the Company on June 29, 2007 and the AGM of Stockholders of the Company on
June 20, 2008, the Company’s stockholders approved the phase I, II and III plan, respectively, to repurchase the Company’s issued Series B shares Note 28.
As of June 30, 2010, all of the Company’s Series B shares were listed on the IDX and
48,003,187 ADS shares were listed on the NYSE and LSE Note 26.
d. Subsidiaries
As of June 30, 2009 and 2010, the Company has consolidated the following direct or indirectly owned subsidiaries which it controls as a result of majority ownership Notes 2b and 2d:
i Direct subsidiaries: Percentage of
Nature of business effective
Total assets date of incorporation
Date of ownership interest
before elimination Subsidiaryplace of
or acquisition by commercial
incorporation the Company
operation 2009
2010 2009
2010
PT Telekomunikasi Selular Telecomunication -
1995 65
65 54,849,221 60,777,598
“Telkomsel”, provides
Jakarta, Indonesia telecommunication
facilities and mobile cellular services using
Global System for Mobile Communication
“GSM” technology May 26, 1995
PT Multimedia Nusantara Multimedia
1998 100
100 2,080,869
1,807,448
“Metra”, Jakarta, telecommunication
Indonesia servicesMay 9, 2003
PT Telekomunikasi Telecommunication
1995 100
100 708,324
1,486,697 Indonesia International
July 31, 2003
“TII” formerly PT Aria West International
“AWI”, Jakarta, Indonesia
PT Pramindo Ikat Telecommunication
1995 100
100 1,102,479
1,179,085 Nusantara
construction and
“Pramindo”, services
Jakarta, Indonesia August 15, 2002
PT Infomedia Nusantara Data and information
1984 100
100 557,247
616,916 “Infomedia”,
service - provides including
including Jakarta, Indonesia
telecommunication through
through information services
49 49
and other information ownership
ownership services in the form of
by Metra by Metra
print and electronic media and call
center services September 22,1999
PT Dayamitra Telecommunication
1995 100
100 400,926
381,276 Telekomunikasi
May 17, 2001
“Dayamitra”, Jakarta, Indonesia
