UNEARNED INCOME FS English Q3 2016 FINAL ammend2
15. SHORT-TERM BANK LOANS AND CURRENT MATURITIES OF LONG-TERM BORROWINGS continued
b. Current maturities of long-term borrowings Notes September 30, 2016 December 31, 2015 Bank loans 16c 3,311 2,928 Obligations under finance leases 9 733 641 Two-step loans 16a 234 224 Bonds and notes 16b 32 49 Total 4,310 3,842 Refer to Note 32 for details of related party transactions. 16. LONG-TERM BORROWINGS Notes September 30, 2016 December 31, 2015 Bank loans 16c 13,427 15,434 Bonds and notes 16b 9,468 9,499 Obligations under finance leases 9 3,581 3,939 Two-step loans 16a 1,221 1,296 27,697 30,168 Scheduled principal payments as of September 30, 2016 are as follows: Year Notes Total 2017 2018 2019 2020 Thereafter Bank loans 16c 13,427 1,216 6,128 2,263 1,961 1,859 Bonds and notes 16b 9,468 8 31 250 2,146 7,033 Obligations under finance leases 9 3,581 225 627 597 622 1,510 Two-step loans 16a 1,221 85 210 192 192 542 Total 27,697 1,534 6,996 3,302 4,921 10,944 a. Two-step loans Two-step loans are unsecured loans obtained by the Government from overseas banks which are then re-loaned to the Company. Loans obtained up to July 1994 are payable in rupiah based on the exchange rate at the date of drawdown. Loans obtained after July 1994 are payable in their original currencies and any resulting foreign exchange gain or loss is borne by the Company. September 30, 2016 December 31, 2015 Outstanding Outstanding Lenders Currency Original currency in millions Rupiah equivalent Original currency in millions Rupiah equivalent Overseas banks Yen 6,527 843 6,911 792 US 22 286 26 363 Rp - 326 - 365 Total 1,455 1,520 Current maturities Note 15b 234 224 Long-term portion 1,221 1,296 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of September 30, 2016 and For the Nine-Month Period Then Ended unaudited Figures in tables are expressed in billions of rupiah, unless otherwise stated 5216. LONG-TERM BORROWINGS continued
a. Two-step loans continued Lenders Currency Principal payment schedule Interest payment period Interest rate per annum Overseas banks US Semi-annually Semi-annually 3.85 Rp Semi-annually Semi-annually 8.25 Yen Semi-annually Semi-annually 2.95 The loans were intended for the development of telecommunications infrastructure and supporting telecommunications equipment. The loans are due on various dates through 2024. The Company had used all facilities under the two-step loans program since 2008. Under the loan covenants, the Company is required to maintain financial ratios as follows: a. Projected net revenue to projected debt service ratio should exceed 1.2:1 for the two-step loans originating from Asian Development Bank “ADB”. b. Internal financing earnings before depreciation and finance costs should exceed 20 compared to annual average capital expenditures for loans originating from the ADB. As of September 30, 2016, the Company has complied with the above-mentioned ratios. Refer to Note 32 for details of related party transactions. b. Bonds and notes September 30, 2016 December 31, 2015 Outstanding Outstanding Bonds and notes Currency Original currency in millions Rupiah equivalent Original currency in millions Rupiah equivalent Bonds 2010: Series B Rp - 1,995 - 1,995 2015: Series A Rp - 2,200 - 2,200 Series B Rp - 2,100 - 2,100 Series C Rp - 1,200 - 1,200 Series D Rp - 1,500 - 1,500 Medium Term Notes “MTN” GSD Series A Rp - 220 - 220 Series B Rp - 120 - 120 Finnet MTN I Rp - 178 - 200 Promissory notes PT Huawei US - - 1 14 PT ZTE Indonesia “ZTE” US 1 1 14 Total 9,514 9,563 Unamortized debt issuance cost 14 15 9,500 9,548 Current maturities Note 15b 32 49 Long-term portion 9,468 9,499Parts
» FS English Q3 2016 FINAL ammend2
» GENERAL a. Establishment and general information
» Public offering of securities of the Company
» GENERAL continued c. Public offering of securities of the Company continued
» GENERAL continued FS English Q3 2016 FINAL ammend2
» GENERAL continued d. Subsidiaries continued
» Authorization for the issuance of the consolidated financial statements
» Principles of consolidation SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» Transactions with related parties
» Prepaid expenses SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued h. Inventories
» Intangible assets SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued h. Inventories
» Leases SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued l.
» Borrowings SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued n. Deferred charges - land rights
» Revenue and expense recognition
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued s. Employee benefits continued
» Income tax SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued s. Employee benefits continued
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued u. Financial instruments
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued u. Financial instruments continued
» Dividends SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued u. Financial instruments continued
» Basic and diluted earnings per share and earnings per ADS
» Provision SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued u. Financial instruments continued
» CASH AND CASH EQUIVALENTS continued
» OTHER CURRENT FINANCIAL ASSETS
» TRADE AND OTHER RECEIVABLES continued
» INVENTORIES FS English Q3 2016 FINAL ammend2
» ADVANCES AND PREPAID EXPENSES September 30, LONG-TERM INVESTMENTS
» LONG-TERM INVESTMENTS continued FS English Q3 2016 FINAL ammend2
» LONG-TERM INVESTMENTS continued PROPERTY AND EQUIPMENT
» PROPERTY AND EQUIPMENT continued
» ADVANCES AND OTHER NON-CURRENT ASSETS continued
» ACCRUED EXPENSES September 30, FS English Q3 2016 FINAL ammend2
» UNEARNED INCOME FS English Q3 2016 FINAL ammend2
» SHORT-TERM BANK LOANS AN CURRENT MATURITIES OF LONG-TERM BORROWINGS continued
» SHORT-TERM BANK LOANS AND CURRENT MATURITIES OF LONG-TERM BORROWINGS continued
» LONG-TERM BORROWINGS continued FS English Q3 2016 FINAL ammend2
» LONG-TERM BORROWINGS continued LONG-TERM BORROWINGS continued
» Trade LONG-TERM BORROWINGS continued
» NON-CONTROLLING INTERESTS FS English Q3 2016 FINAL ammend2
» NON-CONTROLLING INTERESTS continued FS English Q3 2016 FINAL ammend2
» CAPITAL STOCK FS English Q3 2016 FINAL ammend2
» 2,541 2,601,779,800 3,804 ADDITIONAL PAID-IN CAPITAL September 30,
» TREASURY STOCK continued OTHER EQUITY September 30,
» REVENUES 2016 FS English Q3 2016 FINAL ammend2
» OPERATION, MAINTENANCE AND TELECOMMUNICATION SERVICE EXPENSES
» GENERAL AND ADMINISTRATIVE EXPENSES
» TAXATION continued FS English Q3 2016 FINAL ammend2
» CASH DIVIDENDS AND GENERAL RESERVE
» PENSION AND OTHER POST-EMPLOYMENT BENEFITS
» PENSION AND OTHER POST-EMPLOYMENT BENEFITS continued
» PENSION AND OTHER POST-EMPLOYMENT BENEFITS continued a. Pension benefit costs continued
» Rate of compensation increases
» Post-employment health care benefit provisions
» Obligation under the Labor Law provisions
» 5,010 2016 2,521 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties
» 617 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» 895 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» 318 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» Cash and cash equivalents Note 3
» Other current financial assets Note 4
» 1,104 Trade receivables - net Note 5 1,458
» 15 Trade receivables - net Note 5 1,458
» e. Advances and other non- 6
» Indosat Trade payables Note 12
» Sub-total Trade payables Note 12
» Bangtelindo Trade payables Note 12
» Entities under common control
» State-owned banks Accrued expenses Note 13
» 19 i. Advances from customers and suppliers
» BNI Advances from customers and suppliers
» Total Two-step loans Note 16a
» 1,520 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» k. Long-term bank loans - net Note 16c
» BRI RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» Total Significant agreements with related parties
» RELATED PARTY TRANSACTIONS continued c. Significant agreements with related parties
» RELATED PARTY TRANSACTIONS continued d. Key management personnel remuneration
» OPERATING SEGMENT FS English Q3 2016 FINAL ammend2
» Fixed line telephone tariffs
» Mobile cellular telephone tariffs
» OPERATING SEGMENT continued SIGNIFICANT COMMITMENTS AND AGREEMENTS
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued a. Capital expenditures continued
» Others SIGNIFICANT COMMITMENTS AND AGREEMENTS continued b. Borrowings and other credit facilities
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued c. Others continued
» CONTINGENCIES FS English Q3 2016 FINAL ammend2
» CONTINGENCIES continued ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES
» ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES continued FINANCIAL RISK MANAGEMENT
» FINANCIAL RISK MANAGEMENT continued
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