PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three month periods Ended March 31, 2017 and 2016 unaudited
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
74
26. TAXATION continued
g. Deferred tax assets and liabilities continued As of March 31, 2017 and December 31, 2016, the aggregate amounts of temporary differences
associated with investments in subsidiaries and associated companies, for which deferred tax liabilities have not been recognized were Rp35,298 billion and Rp34,568 billion, respectively.
Realization of the deferred tax assets is dependent upon the Group’s capability of generating future profitable operations. Although realization is not assured, the Group believes that it is
probable that these deferred tax assets will be realized through reduction of future taxable income when temporary differences reverse. The amount of deferred tax assets is considered realizable;
however, it may be reduced if actual future taxable income is lower than estimates.
h. Administration From 2008 to 2016, the Company has been consecutively entitled to income tax rate reduction of
5 for meeting the requirements in accordance with the Government Regulation No. 812007 as amended by Government Regulation No. 772013 and the latest by Government Regulation No.
562015 in conjunction with PMK No. 238PMK.032008. On the basis of historical data, for the year ended December 31, 2016, the Company calculates the deferred tax using the tax rate of
20. The taxation laws of Indonesia require that the Company and its local subsidiaries submit
individual tax returns on the basis of self-assessment. Under prevailing regulations, the DGT may assess or amend taxes within a certain period. For fiscal years 2007 and earlier, the period is
within ten years from the time the tax became due, but not later than 2013, while for fiscal years 2008 and onwards, the period is within five years from the time the tax became due.
The Ministry of Finance of the Republic of Indonesia has issued Regulation No. 85PMK.032012 dated June 6, 2012 as amended by PMK No. 136-PMK.032012 dated August 16, 2012
concerning the appointment of State-Owned Enterprises SOEs to withhold, deposit and report VAT and Sales Tax on Luxury Goods PPnBM according to the procedures outlined in the
Regulation which is effective from July 1, 2012. The Ministry of Finance of the Republic of Indonesia also has issued Regulation No. 224PMK.0112012 dated December 26, 2012
concerning the appointment of SOEs to withhold income tax article 22 as amended by PMK No. 16PMK.0102016 dated February 3, 2016. The Company has withheld, deposited, and reported
the VAT, PPnBM and also income tax article 22 in accordance with the Regulations.
27. BASIC AND DILUTED EARNINGS PER SHARE
Basic earnings per share is computed by dividing profit for the year attributable to owners of the parent company amounting to Rp6,688 billion and Rp4,587 billion by the weighted average number of
shares outstanding during the period totaling 99,062,216,600 shares and 98,175,853,600 shares after stock split for three months period ended March 31, 2017 and 2016, respectively. The weighted
average number of shares takes into account the weighted average effect of changes in treasury stock transaction during the year.
Basic earnings per share amounting to Rp67.51 and Rp46.72 in full amount for the three month periods ended March 31, 2017 and 2016, respectively.
The Company does not have potentially dilutive financial investments for the three month periods ended March 31, 2017 and 2016.
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three month periods Ended March 31, 2017 and 2016 unaudited
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
75
28. CASH DIVIDENDS AND GENERAL RESERVE
Pursuant to the AGM of Stockholders of the Company as stated in notarial deed No. 50 dated April 22, 2016 of Ashoya Ratam, S.H., MKn., the Company’s stockholders approved the distribution of
cash dividend and special cash dividend for 2015 amounting to Rp7,744 billion Rp78.86 per share and Rp1,549 billion Rp15.77 per share, respectively. On May 26, 2016, the Company paid the cash
dividend and special cash dividend totalling Rp9,293 billion.
On December 27, 2016, the Company had paid an interim dividend amounting to Rp1,920 billion or totalling Rp19.38 per share.
Appropriation of Retained Earnings
Under the Limited Liability Company Law, the Company is required to establish a statutory reserve amounting to at least 20 of its issued and paid-up capital.
The balance of the appropriated retained earnings of the Company as of March 31, 2017 and December 31, 2016 and 2015 amounting to Rp15,337 billion, respectively.
29. PENSION AND OTHER POST-EMPLOYMENT BENEFITS
The details of pension and other post-employment benefit liabilities are as follows:
Notes March 31, 2017 December 31, 2016
Prepaid pension benefit cost
The Company - funded 29a.i.a
102 197
MDM 1
1 Infomedia
1 1
Total 104
199 Pension benefit and other post-employment
benefit obligations
Pension benefit The Company - unfunded
29a.i.b 2,475
2,507 Telkomsel
29a.ii 1,255
1,193 Patrakom
Sub-total pension benefit 3,730
3,700 Net periodic post-employment health care
benefit 29b
1,668 1,592
Other post-employment benefit 29c
498 502
Obligation under the Labor Law 29d
346 332
Total 6,242
6,126
