PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2014 and for the Year Then Ended
Figures in tables are expressedin billions of Rupiah, unless otherwise stated
98
37. RELATED PARTY TRANSACTIONS
In the normal course of its business, the Group entered into transactions with related parties. It is the Companys policy that the pricings of these transactions be the same as those of arm’s length
transactions.
a. Nature of relationships and accountstransactions with related parties
Details of the nature of relationships and accountstransactions with significant related parties are as follows:
Nature of relationships Related parties
with related parties Nature of accountstransactions
The Government Majority stockholder
Finance costs and investment in Ministry of Finance
financial instruments State-owned enterprises
Entity under common control Internet and data service revenue, other
telecommunication services revenue, operating expenses,
purchase of property and equipment, installation and development
services, insurance expenses, finance income, finance costs, electricity expense,
SIM cards expense and investment in financial instruments
Indosat Entity under common control
Interconnection revenue, network revenue, telecommunication facilities expenses and
operating and maintenance cost PT Aplikanusa Lintasarta
Entity under common control Interconnection revenue, network revenue,
“Lintasarta” usage of data communication network system
expenses and leased lines expenses Indosat Mega Media
Entity under common control Network revenues
CSM Associated company
Network revenues and transmission lease expenses
PSN Associated company
Interconnection revenue, network revenue, leased lines revenues,
transmission lease expenses and interconnection expense
Indonusa Associated company
Network revenue and data communication expense
PT Industri Telekomunikasi Entity under common control
Purchase of property and equipment Indonesia “INTI”
PT Len Industri “LEN” Entity under common control
Purchase of property and equipment
On October 8, 2013, the Company sold its 80 ownership in Indonusa Notes 3 and 10
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2014 and for the Year Then Ended
Figures in tables are expressedin billions of Rupiah, unless otherwise stated
99
37. RELATED PARTY TRANSACTIONS continued a. Nature of relationships and accountstransactions with related parties continued
Details of the nature of relationships and accountstransactions with significant related parties are as follows continued:
Nature of relationships Related parties
with related parties Nature of accountstransactions
State-owned banks Entity under common control
Finance income and finance costs BNI
Entity under common control Internet and data revenue,
other telecommunication service revenue, finance income and finance costs
Bank Mandiri Entity under common control
Internet and data revenue, other telecommunication service revenue,
finance income and finance costs BRI
Entity under common control Internet and data revenue,
other telecommunication service revenue, finance income and finance costs
BTN Entity under common control
Internet and data revenue, other telecommunication service revenue,
finance income and finance costs PT Bank Syariah Mandiri
Entity under common control Internet and data revenue,
“BSM” other telecommunication service revenue,
and finance costs PT Bank BRI Syariah
Entity under common control Internet and data revenue,
“BRI Syariah” other telecommunication service revenue,
and finance costs Bahana
Entity under common control Available-for-sale financial assets, bonds
and notes Koperasi Pegawai Telkom
Entity under common control Purchase of property and equipment,
“Kopegtel” construction and installation services,
leases of buildings, leases of vehicles, purchases of vehicles,
purchases of materials and construction services, utilities and cleaning service
maintenance and RSA revenues PT Sandhy Putra Makmur
Entity under common control Leases of buildings, leases of vehicles,
“SPM” purchase of materials and construction
services, utilities maintenance and cleaning services
Koperasi Pegawai Telkomsel Entity under common control
Leases of vehicles, printing and distribution “Kisel”
of customer bills expenses, collection fee, and other services fee, revenue from sales of SIM
cards and pulse reload voucher PT Graha Informatika
Entity under common control Interconnection revenue, network revenue,
Nusantara “Gratika” purchase of property and equipment,
installation expense, and maintenance expense
Directors and commissioners Key management personnel
Honorarium and facilities Yakes
Entity under significant Medical expenses
influence
