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
97
40. COMMITMENTS AND SIGNIFICANT AGREEMENTS continued
b. Borrowings and other credit facilities
i As of June 30, 2012, the Company has bank guarantee facilities for tender bond,
performance bond, maintenance bond, deposit guarantee and advance payment bond for various project of the Company, as follow:
Facility utilized Original
Total End of the period
currency Rupiah
Lenders facility of the facility
Currency in millions equivalent
BNI 250 March 31, 2012
Rp. -
107 US
0.12 1
BRI 250 March 14, 2014
Rp. -
68 US
0.03 Bank Mandiri
60 December 23, Rp.
- 46
2012 US
0.02
Total 560
222
ii Telkomsel has a US3 million bond and bank guarantee and standby letter of credit facilities with SCB, Jakarta. The facilities expire on July 31, 2012. Under these facilities, as of
June 30, 2012, Telkomsel has issued a bank guarantee of Rp.20 billion equivalent to US2.1 million for a 3G performance bond Note 40c.i. The bank guarantee is valid until
April 7, 2013.
c. Others
i 3G license With
reference to
the Decision
Letter No.
07PerM.KOMINFO22006 and
No. 268KEPM.KOMINFO92009 of the MoCI Note 2k, Telkomsel is required, among other things, to:
1. Pay an annual BHP fee which is determined based on a formula over the license term 10 years as set forth in the decision letters. The BHP is payable upon receipt of the
notification letter “Surat Pemberitahuan Pembayaran” from the DGPT. The BHP fee is payable annually up to the expiry period of the license in 2019. Annual BHP fee for 2011
based on notification letter from the DGPT amounted to Rp.495 billion. Such fees amount for each year varies depending on certain variables set in the formula.
2. Provide roaming access for the existing 3G operators. 3. Contribute to USO development.
4. Construct a 3G network which covers at least 14 provinces by the sixth year of holding the 3G license.
5. Issue a performance bond each year amounting to Rp.20 billion or 5 of the annual fee to be paid for the subsequent year, whichever is higher.
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
98
40. COMMITMENTS AND SIGNIFICANT AGREEMENTS continued c. Others continued
ii Palapa Ring Consortium On November 10, 2007, the Company entered into a Construction and Maintenance
Agreement “CMA” with 5 other companies for Palapa Ring Consortium. This consortium was formed to build optical fiber network in 32 cities in Eastern Indonesia with total initial
investment of Rp.2,070 billion. The Company will obtain 4 lambdas bandwidth of total capacity of 8.44 lambdas from this consortium. In 2008, 2 companies draw back from the
consortium, hence the total number of Palapa Ring Consortium’s member become 4 companies including the Company.
On November 22, 2011, based on the letter of management of Palapa Ring Consortium No. 01PR-MCIV2011, the agreement of Palapa Ring Consortium was terminated.
Subsequently, based on the letter of management of Palapa Ring Consortium No. 02PR- MCIV2011 dated December 28, 2011, the escrow account is closed and the escrow account
balance amounted to US4.6 million has been returned to the Company.
iii Radio Frequency Usage Based on the Decree No. 76 dated December 15, 2010 of Government of the Republic of
Indonesia, which amended Decree No. 7 dated January 16, 2009, the annual frequency usage fees with a bandwidth of 800 Megahertz “MHz”, 900 MHz and 1800 MHz are
determined using a formula set forth in the decree. The decree is applicable for 5 years unless further amended.
As an implementation of the above decree, on December 15, 2010, in a Decision letter No. 456AKEPM.KOMINFO122010, the MoCI determined that the first year Y
1
annual frequency usage fee of Telkomsel with licenses in 900 MHz band and 1800 MHz band was
Rp.716 billion and was paid on December 30, 2010. Based
on the same
Decision Letter
above and
a Decision
letter No. 5039TDJPT.4KOMINFO122010 dated December 16, 2010, the MoCI determined that
the first year Y
1
annual frequency usage fee of the Company with licenses in 800 MHz band was Rp.52 billion and was paid on December 27, 2010.
Subsequently, based on Decision letter No. 590KEPM.KOMINFO112011 dated November 14, 2011, the Company and Telkomsel were considered over paid for Rp.31 billion
and Rp.117 billion, respectively, which will be treated as an prepayment for annual frequency usage fee in the second year.
Based on
Decision Letter
No. 349KEPM.KOMINFO082011 and
No. 350KEPM.KOMINFO082011 dated August 8, 2011, the MoCI determined that the second year Y
2
annual frequency usage fee of the Company and Telkomsel were Rp.142 billion and Rp.1,834 billion, respectively. The fees were paid in December 2011, net
of prepayment.
