99
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the Three Months Period Ended March 31, 2016 and 2015 unaudited
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
Table of Contents
32. RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
Presented below are balances of accounts with related parties:
March 31,
2016 December 31, 2015
Amount of total assets
Amount of total assets
a.Cash and cash equivalents Note 3 17,366
9.81 15,028
9.04 b.Other current financial assets Note 4
2,472 1.40
2,500 1.50
c.Trade receivables - net Note 5 1,353
0.76 1,104
0.66 d.Advances and prepaid expenses Note 7
24 0.01
15 0.01
e.Advances and other non-current assets Note 10
9 0.00
6 0.00
March 31,
2016 December 31, 2015
Amount of total liabilities
Amount of total liabilities
f.Trade payables Note 12
Entities under common control INTI
443 0.58
443 0.61
Indosat 384
0.50 160
0.22 State-owned enterprises
101 0.13
98 0.13
Sub-total 928
1.21 701
0.96 Entities under significant influence
Kopegtel 47
0.06 97
0.13 Yakes
25 0.03
19 0.03
Bangtelindo 21
0.03 19
0.03 SPM
4 0.01
16 0.02
Sub-total 97
0.13 151
0.21 Others
478 0.62
1,223 1.68
Total 1,503
1.96 2,075
2.85 g.Accrued expenses Note 13
Majority stockholder
Government 23
0.03 16
0.02 Entities under common control
State-owned enterprises 94
0.12 114
0.16 State-owned banks
50 0.07
68 0.09
Subtotal 144
0.19 182
0.25 Entity under significant influence
Kisel 182
0.24 188
0.26
Total 349
0.46 386
0.53 h.Advances from customers and suppliers
Majority stockholder Government
23 0.03
19 0.03
i.Short-term bank loans Note 15
Entities under common control BRI
57 0.07
57 0.08
BNI -
- 25
0.03 Bank Syariah Mandiri “BSM”
14 0.02
15 0.02
Total 71
0.09 97
0.13
100
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the Three Months Period Ended March 31, 2016 and 2015 unaudited
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
Table of Contents
32. RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
March 31, 2016 December 31, 2015
Amount of total liabilities
Amount of total liabilities
j.Two-step loans Note 18
Majority stockholder
Government 1,499
1.95 1,520
2.09 k.Long-term bank loans - net Note 20
Entities under common control
BNI 5,680
7.41 5,592
7.69
BRI 3,107
4.05 2,633
3.62
Bank Mandiri 2,572
3.35 2,564
3.52
Total 11,359
14.81 10,789
14.83
c. Significant agreements with related parties
i. The Government
The Company obtained two-step loans from the Government Note 16a. ii. Indosat
The Company has an agreement with Indosat to provide international telecommunications services to the public.
The Company has also entered into an interconnection agreement between the Company’s fixed line network Public Switched Telephone Network or “PSTN” and Indosat’s GSM mobile
cellular telecommunications network in connection with the implementation of Indosat Multimedia Mobile services and the settlement of related interconnection rights and obligations.
The Company also has an agreement with Indosat for the interconnection of Indosats GSM mobile cellular telecommunications network with the Companys PSTN, which enable each
party’s customers to make domestic calls between Indosat’s GSM mobile network and the Company’s fixed line network, as well as allowing Indosat’s mobile customers to access the
Company’s IDD service by dialing “007”.
The Company has been handling customer billings and collections for Indosat. Indosat is gradually taking over the activities and performing its own direct billing and collection. The
Company has received compensation from Indosat computed at 1 of the collections made by the Company starting from January 1, 1995, as well as the billing process expenses which are
fixed at a certain amount per record. On December 11, 2008, the Company and Indosat agreed to implement IDD service charge tariff which already took into account the
compensation for billing and collection. The agreement is valid and effective starting from January to December 2012, and can be applied until a new agreement becomes available.
On December 28, 2006, the Company and Indosat signed amendments on the interconnection agreements for the fixed line networks local, SLJJ and international and mobile network for
the implementation of the cost-based tariff obligations under the MoCI Regulations No. 8Year 2006. These amendments took effect starting on January 1, 2007.
Telkomsel also entered into an agreement with Indosat for the provision of international telecommunications services to its GSM mobile cellular customers.
The Company provides leased lines to Indosat and subsidiaries, namely PT Indosat Mega Media and Lintasarta. The leased lines can be used by these companies for telephone,
telegraph, data, telex, facsimile or other telecommunication services.
