PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2014 and for the Six Months Period Then Ended unaudited
Figures in tables are expressedin billions of rupiah, unless otherwise stated
47
9. ASSET HELD FOR SALE
This account represents the carrying amount of Telkomsel’s equipment to be exchanged with equipment of Nokia Siemens Network Oy “NSN Oy” and PT Huawei Tech Investment
“PT Huawei”. The equipment will be used as part of the settlement for the exchanges of equipment from these companies.
In 2014, Telkomsel’s equipment with net carrying amount of Rp57 billion is reclassified to asset held for sale Note 11c.vi.
Asset held for sale is presented under personal segment Note 38.
10. LONG-TERM INVESTMENTS
June 30, 2014 Share of
net loss Percentage
profit of of
Beginning Addition associated Translation Ending
ownership balance
deduction company adjustment
balance Long-term
investments in associated
companies: Indonusaa
20.00 189
32 -
221 PT Melon Indonesia
“Melon”
b
51.00 39
- 2
- 41
ILCS
c
49.00 37
- 5
- 32
Telin Malaysia
d
49.00 18
- 10
2 6
CSM
e
25.00 -
- -
- -
PSN
f
22.38 -
- -
- -
Sub-total 283
32 13
2 300
Other long-term investments 21
- -
- 21
Total long-term investments 304
32 13
2 321
June 30, 2014 Assets
Liabilities Revenue
Gain loss Long-term investments in
associated companies:
Indonusa 537
706 183
Melon
b
124 43
61 4
ILCS
c
83 15
65 10
Telin Malaysia
d
18 2
5 20
CSM
e
1,273 1,387
153 91
PSN
f
784 2,050
76 11
Total 2,819
3,904 543
128
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2014 and for the Six Months Period Then Ended unaudited
Figures in tables are expressedin billions of rupiah, unless otherwise stated
48
10. LONG-TERM INVESTMENTS continued
December 31, 2013 Share of
net loss Percentage
profit of of
Beginning Addition
associated Translation
Ending ownership balance deduction company
Dividend adjustment balance
Long-term investments
in associated companies:
Indonusa
a
20.00 -
182 7
- -
189 PT Melon Indonesia
“Melon”
b
51.00 42
- 3
- -
39 ILCS
c
49.00 48
- 11
- -
37 Telin Malaysia
d
49.00 -
20 6
- 4
18 CSM
e
25.00 20
- 20
- -
- PSN
f
22.38 -
- -
- -
- Patrakom
g
40.00 46
46 2
2 -
- Scicom
h
29.71 98
88 2
3 9
- Sub-total
254 68
29 5
5 283
Other long-term investments 21
- -
- -
21
Total long-term investments 275
68 29
5 5
304 December 31, 2013
Assets Liabilities
Revenue Loss
Long-term investments in associated companies:
Indonusa
a
655 669
363 124
Melon
b
90 22
73 6
ILCS
c
88 13
4 22
Telin Malaysia
d
37 1
11 CSM
e
1,273 1,387
306 181
PSN
f
817 2,148
462 55
Total 2,960
4,240 1,208
399
a
Indonusa had been the Company’s subsidiary until 2013 when the Company disposed 80 of its interest in Indonusa Notes 1d and 3.
b
Melon is engaged in providing Digital Content Exchange Hub services “DCEH”. As a result of the existence of substantive participating rights held by the other venturer over the significant financial and operating policies of Melon, Metra does not
have control over Melon.
c
ILCS is engaged in providing E-trade logistic services and other related services.
d
Telin Malaysia is engaged in telecommunication services in Malaysia.
e
CSM is engaged in providing Very Small Aperture Terminal “VSAT”, network application services and consulting services on telecommunications technology and related facilities.
f
PSN is engaged in providing satellite transponder leasing and satellite-based communication services in the Asia-Pacific Region. The Company’s share in losses of PSN has exceeded the carrying amount of its investment since 2001; accordingly,
the investment value has been reduced to Rp nil. The unrecognized share of losses of PSN for six months period ended June 30, 2014 and 2013 are Rp300 billion and Rp920 billion, respectively.
g
Patrakom has been engaged in providing satellite communication system services, related services and facilities to companies in the petroleum industry. Starting in 2013, Patrakom has been consolidated Notes 1d and 3.
h
Scicom is engaged in providing call center services in Malaysia. On September 19, 2013, the Company sold its investment in Scicom MSC Berhad-Malaysia Scicom, with the proceeds of disposal and the carrying amount of the investment on the
date of disposal amounting to Rp153 billion and Rp88 billion, respectively, resulting in a gain of Rp65 billion.