PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2013 UNAUDITED AND FOR SIX MONTHS PERIOD ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2012 AUDITED AND FOR SIX MONTHS PERIOD ENDED JUNE 30, 2012 UNAUDITED
Figures in tables are presented in billions of Rupiah, unless otherwise stated
83
34. RETIREMENT BENEFITS OBLIGATION continued a. Prepaid pension benefit costs continued
December 31, December 31,
2012 2011
Discount rate 6.25
7.25 Expected long-term return on pension plan assets
8.25 9.25
Rate of compensation increases 8
8 The components of net periodic pension costs are as follows:
Juni 30, December 31,
2012 2012
Service costs 225
372 Interest costs
591 1,151
Expected return on pension plan assets 743
1,517 Amortization of prior service costs
70 139
Net periodic pension costs 143
145 Amount charged to subsidiaries
under contractual agreements 7
12
Total net periodic pension cost benefits less amounts charged to subsidiaries Note 27
136 133
b. Pension benefit costs provisions
i The Company The Company sponsors unfunded defined benefit pension plans and a defined contribution
pension plan. The defined contribution pension plan is provided to employees hired with permanent status
on or after July 1, 2002. The plan is managed by Financial Institutions Pension Fund Dana Pensiun Lembaga Keuangan or DPLK . The Company s contribution to DPLK is
determined based on a certain percentage of the participants salaries and amounted to Rp3 billion Rp5 billion for each of six months period ended June 30, 2013 and the years
ended December 31, 2012, respectively.
Since 2007, the Company provides pension benefit based on uniformulation for both participants prior to and from April 20, 1992 effective for employees retiring beginning
February 1, 2009. The change in benefit had increased the Company s liabilities by Rp699 billion, which is amortized over 9.9 years until 2016. In 2010, the Company replaced
the uniformulation with Manfaat Pensiun Sekaligus MPS . MPS is given to those employees reaching retirement age, upon death or upon being disabled starting from
February 1, 2009. The change in benefit had increased the Company s liabilities by Rp435 billion, which is amortized over 8.63 years until 2018.
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2013 UNAUDITED AND FOR SIX MONTHS PERIOD ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2012 AUDITED AND FOR SIX MONTHS PERIOD ENDED JUNE 30, 2012 UNAUDITED
Figures in tables are presented in billions of Rupiah, unless otherwise stated
84
34. RETIREMENT BENEFITS OBLIGATION continued b. Pension benefit costs provisions continued
i The Company continued The Company also provides benefits to employees during a pre-retirement period in which
they are inactive for 6 months prior to their normal retirement age of 56 years, known as pre- retirement benefits Masa Persiapan Pensiun or MPP . During the pre-retirement period,
the employees still receive benefits provided to active employees, which include, but are not limited to, regular salary, health care, annual leave, bonus and other benefits. Since 2012,
the Company has issued a new requirement for MPP effective for employees retiring beginning April 1, 2012, whereby the employee is required to file a request for MPP and if the
employee does not file the request, he or she is required to work until the retirement date.
The following table presents the change in projected benefits obligation of MPS and MPP for six months period ended June 30, 2013 and the years ended December 31, 2012:
Juni 30, December 31,
2013 2012
Change in projected benefits obligation Unfunded projected benefits obligation at
beginning of year 2,436
2,440 Service costs
48 104
Interest costs 75
173 Actuarial gains
28 128
Benefits paid by employer 42
153 Unfunded projected benefits obligation
at end of year 2,489
2,436 Unrecognized prior service costs
573 639
Unrecognized net actuarial losses 408
424
Pension benefit costs provisions at end of period 1,508
1,373
The movements of the pension benefit costs provisions during six months period ended June 30, 2013 and the years ended December 31, 2012:
Juni 30, December 31,
2013 2012
Pension benefits costs provisions at beginning of year 1,373
1,067 Net periodic pension costs
206 459
Benefits paid by employer 71
153
Pension benefits costs provisions at end of period 1,508
1,373
