Akuisisi Corporate Annual Report | Smartfren IndonesiaSmartfren

132 Laporan Tahunan 2011 PT Smartfren Telecom Tbk PT SMARTFREN TELECOM Tbk Dahulu PT Mobile-8 Telecom Tbk Dan Anak Perusahaan Catatan atas Laporan Keuangan Konsolidasian 31 Desember 2011 dan 2010 serta untuk Tahun-tahun yang Berakhir pada Tanggal Tersebut PT SMARTFREN TELECOM Tbk Formerly PT Mobile-8 Telecom Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements December 31, 2011 and 2010 and For the Years then Ended - 64 - 4. Akuisisi 4. Acquisition Pada tanggal 18 Januari 2011, Perusahaan mengakuisisi 218.043.249 saham Seri A dan 43.030.541.566 saham Seri B atau setara 99,944 kepemilikan di PT Smart Telecom Smartel. Perusahaan mengakuisisi Smartel ditujukan untuk meningkatkan kinerja Perusahaan mengingat Smartel adalah operator jasa telekomunikasi berbasis CDMA yang serupa dengan Perusahaan. Diharapkan konsolidasi kegiatan usaha Perusahaan dengan Smartel akan mampu memotong biaya modal dan biaya operasional dalam jumlah yang signifikan serta mampu menghadapi persaingan ketat dan tangguh di industri telekomunikasi di Indonesia. On January 18, 2011, the Company acquired 218,043,249 Series A shares and 43,030,541,566 Series B shares or equivalent to 99.944 ownership interest in PT Smart Telecom Smartel. The Company has acquired Smartel for purpose of improving the performance of the Company since Smartel is a telecommunication services operator with CDMA basis which is similar with the Company. Combined operating activities of the Company and Smartel are expected to significantly reduce capital and operating expenditures and also will enable the Company to encounter fierce and tough competition in telecommunication industry in Indonesia. Tabel berikut ini menyajikan jumlah imbalan dan jumlah aset dan liabilitas diperoleh yang diakui pada tanggal akuisisi: The following table summarizes the total consideration transferred and the fair value of assets acquired and liabilities assumed at the acquisition date: Rp Kas 6.009.132.700 Cash Saham diterbitkan 3.769.362.809.300 Shares Issued Jumlah imbalan yang dialihkan 3.775.371.942.000 Total consideration transferred Nilai wajar aset dan liabilitas teridentifikasi yang diperoleh: The fair value of identifiable assets acquired and liabilities assumed follows: Rp ASET ASSETS Kas dan setara kas 58.105.949.981 Cash and cash equivalents Piutang usaha 64.800.905.017 Trade account receivable Piutang lain-lain 5.775.051.243 Other accounts receivable Persediaan 134.381.926.025 Inventories Pajak dibayar dimuka 225.228.363.434 Prepaid taxes Biaya dibayar dimuka 50.354.612.322 Prepaid expenses Aset tetap 4.665.069.072.360 Property and equipment Aset tidak berwujud 744.465.277.575 Intangible assets Aset lain-lain 918.031.152.411 Other assets Jumlah aset 6.866.212.310.368 Total assets LIABILITAS LIABILITIES Utang usaha 214.341.497.705 Trade accounts payable Utang lain-lain 166.943.519.570 Other accounts payable Utang pajak 4.184.213.141 Taxes payable Biaya masih harus dibayar 246.454.295.215 Accrued expenses Pendapatan diterima dimuka 51.386.774.653 Unearned revenues Uang jaminan pelanggan 26.101.381.709 Deposits from customers Fasilitias pinjaman 2.954.179.778.235 Loan facilities Kewajiban imbalan pasca kerja 26.513.347.550 Post-employment benefits obligation Jumlah liabilitas 3.690.104.807.778 Total liabilities Jumlah nilai wajar aset bersih Fair value of identifiable yang teridentifikasi 3.176.107.502.590 net assets 133 Annual Report 2011 PT Smartfren Telecom Tbk PT SMARTFREN TELECOM Tbk Dahulu PT Mobile-8 Telecom Tbk Dan Anak Perusahaan Catatan atas Laporan Keuangan Konsolidasian 31 Desember 2011 dan 2010 serta untuk Tahun-tahun yang Berakhir pada Tanggal Tersebut PT SMARTFREN TELECOM Tbk Formerly PT Mobile-8 Telecom Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements December 31, 2011 and 2010 and For the Years then Ended - 65 - Rp Non-controlling interest share in fair value Nilai wajar kepentingan non-pengendali 1.778.198.341 of identifiable net assets Kewajiban pajak tangguhan atas akuisisi 145.262.036.061 Deferred tax liabilities arising on acquisition Goodwill atas akuisisi 746.304.673.812 Goodwill arising on acquisition Harga imbalan yang dialihkan 3.775.371.942.000 Total consideration transferred Perusahaan menerbitkan 75.684.753.658 saham Seri B sebagai bagian dari pembayaran atas 99,944 kepemilikan di Smartel. Nilai wajar saham berupa harga pasar saham Perusahaan pada tanggal akuisisi. Nilai wajar imbalan yang diberikan sebesar Rp 3.769.362.809.300. The Company issued 75,684,753,658 Series B shares as part of the consideration for the 99.944 interest in Smartel. The fair value of the shares was based on the published price of the shares of the Company at the acquisition date. Accordingly, the fair value of shares issued amounted to Rp 3,769,362,809,300. Goodwill sebesar Rp 746.304.673.812 merupakan potensi pendapatan minimum atas sinergi operasi yang bisa didapatkan dari Smartel. Tidak ada pengaruh goodwill yang dapat menjadi pengurang penghasilan kena pajak. The goodwill of Rp 746,304,673,812, reflecting expected potential minimum amount of revenue upon operation synergies, obtained from Smartel. None of the goodwill recognized is expected to be deductible for income tax purposes. Perusahaan memilih untuk mengukur kepentingan non-pengendali pada saat akuisisi sebesar bagian proporsi kepentingan non- pengendali atas aset bersih teridentifikasi dari perusahaan yang diakuisisi The Company has elected to measure the non- controlling interest in the acquiree at non- controlling interests’ proportionate share in the fair value of the acquiree’s identifiable net assets. Analisa arus kas pada saat akuisisi: Analysis of cash flows on acquisition: Rp Saldo kas anak perusahaan yang diakuisisi 58.105.949.981 Cash balance of acquired subsidiary Kas dibayar 6.009.132.700 Cash paid Biaya akuisisi 392.500.000 Acquisition - related costs Biaya penerbitan saham 4.508.851.644 Shares issuance costs Arus kas bersih atas akuisisi anak perusahaan 47.195.465.637 Net cash flows from acquisition of a subsidiary 134 Laporan Tahunan 2011 PT Smartfren Telecom Tbk PT SMARTFREN TELECOM Tbk Dahulu PT Mobile-8 Telecom Tbk Dan Anak Perusahaan Catatan atas Laporan Keuangan Konsolidasian 31 Desember 2011 dan 2010 serta untuk Tahun-tahun yang Berakhir pada Tanggal Tersebut PT SMARTFREN TELECOM Tbk Formerly PT Mobile-8 Telecom Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements December 31, 2011 and 2010 and For the Years then Ended - 66 -

5. Kas dan Setara Kas