PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2016 and for the Year Then Ended
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
36
4. OTHER CURRENT FINANCIAL ASSETS
The breakdown of other current financial assets is as follows:
2016 2015
Balance Balance
Currency Original currency
in millions Rupiah
equivalent Original currency
in millions Rupiah
equivalent Time deposits
Related parties BNI
Rp -
63 -
- Bank Mandiri
US -
- 20
278 Third parties
UOB US
1 13
- -
SCB US
- -
1 11
Total time deposits 76
289 Available-for-sale financial assets
Related parties PT Bahana TCW Investment
Mangement ”Bahana TCW”
Rp -
559 -
55 PT Mandiri Manajemen Investasi
Rp -
500 -
- State-owned enterprises
US 4
55 4
59 Government
US 2
27 2
29 Sub-total
1,141 143
Third parties Rp
- 17
- 17
Total available-for-sale financial assets 1,158
160 Escrow accounts
Rp -
112 -
2,121 US
2 22
3 41
Others Rp
- 98
- 192
US -
- 1
AUD 5
1 14
Total 1,471
2,818
The time deposits have maturities of more than three months but not more than one year, with interest rates as follows:
2016 2015
Rupiah 5.75-6.00
- Foreign currencies
0.58-1.64 0.85-0.88
Refer to Note 31 for details of related party transactions.
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2016 and for the Year Then Ended
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
37
5. TRADE RECEIVABLES
Trade receivables arise from services provided to both retail and non-retail customers, with details as follows:
a. By debtor i Related parties
2016 2015
Indonusa 431
342 PT Indosat Tbk “Indosat”
370 361
State-owned enterprises 151
270 Others
348 378
Total 1,300
1,351 Provision for impairment of receivables
406 247
Net 894
1,104
ii Third parties
2016 2015
Individual and business subscribers 7,801
8,020 Overseas international carriers
1,252 1,194
Total 9,053
9,214 Provision for impairment of receivables
2,584 2,801
Net 6,469
6,413
b. By age i Related parties
2016 2015
Up to 3 months 690
772 3 to 6 months
39 61
More than 6 months 571
518 Total
1,300 1,351
Provision for impairment of receivables 406
247
Net 894
1,104
ii Third parties
2016 2015
Up to 3 months 5,566
5,816 3 to 6 months
658 522
More than 6 months 2,829
2,876 Total
9,053 9,214
Provision for impairment of receivables 2,584
2,801
Net 6,469
6,413
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2016 and for the Year Then Ended
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
38
5. TRADE RECEIVABLES continued
b. By age continued iii Aging of total trade receivables
2016 2015
Gross Provision for
impairment of receivables
Gross Provision for
impairment of receivables
Not past due 4,535
177 4,353
266
Past due up to 3 months 1,721
401 2,235
202 Past due more than 3 to 6
months 697
495 583
216 Past due more than 6 months
3,400 1,917
3,394 2,364
Total 10,353
2,990 10,565
3,048
The Group has made provision for impairment of trade receivables based on the collective assessment of historical impairment rates and individual assessment of its customers’ credit
history. The Group does not apply a distinction between related party and third party receivables in assessing amounts past due. As of December 31, 2016 and 2015, the carrying amounts of
trade receivables of the Group considered past due but not impaired amounted to Rp3,005 billion and Rp3,430 billion, respectively. Management believes that receivables past
due but not impaired, along with trade receivables that are neither past due nor impaired, are due from customers with good credit history and are expected to be recoverable.
c. By currency i Related parties
2016 2015
Rupiah 1,300
1,328 U.S. dollar
23 Others
Total 1,300
1,351 Provision for impairment of receivables
406 247
Net 894
1,104
ii Third parties
2016 2015
Rupiah 7,565
7,761 U.S. dollar
1,437 1,436
Australian dollar 40
14 Others
11 3
Total 9,053
9,214 Provision for impairment of receivables
2,584 2,801
Net 6,469
6,413