PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued JUNE 30, 2012 UNAUDITED AND DECEMBER 31, 2011 AUDITED
AND SIX MONTHS PERIOD ENDED JUNE 30, 2012 AND 2011 UNAUDITED Figures in tables are presented in billions of Rupiah, unless otherwise stated
79
33. PENSION AND OTHER POST-RETIREMENT BENEFITS continued b. Pension benefit costs provisions
continued 2. Telkomsel continued
The components of the net periodic pension costs are as follows:
June 30, December 31,
2012 2011
Service costs 60
67 Interest costs
42 59
Expected return on plan assets 15
22 Amortization of past service costs
1 Recognized actuarial losses
12 12
Net periodic pension costs Note 26 99
117
The net periodic pension cost for the pension plan was calculated based on the measurement date as of December 31, 2011 and 2010, with reports dated February 24,
2012 and February 23, 2011 respectively, by TWP, an independent actuary in association with TW. The principal actuarial assumptions used by the independent actuary based on the
measurement date as of December 31, 2011 and 2010 for each of the year, are as follows:
2011 2010
Discount rate 6.75
9 Expected long-term return on plan assets
6.75 9
Rate of compensation increases 8
8
c. Other post-retirement benefits
The Company provides other post-retirement benefits in the form of cash paid to employees on their retirement or termination. These benefits consist of last housing allowance “Biaya Fasilitas
Perumahan Terakhir” or BFPT and home passage leave “Biaya Perjalanan Pensiun dan Purnabhakti” or BPP.
The movement of the other post-retirement benefits for six months period ended June 30, 2012 and the year ended December 31, 2011, are as follows:
June 30, December 31,
2012 2011
Other post-retirement benefits costs provisions at beginning of year
273 241
Other post-retirement benefits costs 32
65 Other post-retirement benefits paid
13 33
Total other post-retirement benefits costs provisions at end of period
292 273
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued JUNE 30, 2012 UNAUDITED AND DECEMBER 31, 2011 AUDITED
AND SIX MONTHS PERIOD ENDED JUNE 30, 2012 AND 2011 UNAUDITED Figures in tables are presented in billions of Rupiah, unless otherwise stated
80
33. PENSION AND OTHER POST-RETIREMENT BENEFITS continued c. Other post-retirement benefits
continued The components of the net periodic other post-retirement benefits costs for six months period
ended June 30, 2012 and the year ended December 31, 2011, are as follows:
June 30, December 31,
2012 2011
Service costs 5
9 Interest costs
16 37
Amortization of past service costs 3
7 Recognized actuarial losses
8 12
Total net periodic other post-retirement benefits costs
32 65
d. Obligation under Labor Law
Under Law No. 132003 concerning labor regulation, the Company and its subsidiaries are required to provide a minimum pension benefit, if not covered yet by the sponsored pension
plans, to their employees upon retirement age. The total related obligation recognized as of June 30, 2012 and December 31, 2011 amounted to Rp.124 billion and Rp.111 billion, respectively.
The related employees’ benefits cost charged to expense amounted to Rp.13 billion and Rp.30 billion for six months period ended June 30, 2012 and the year ended December 31, 2011,
respectively.
34. LONG SERVICE AWARDS “LSA”
Telkomsel provides certain cash awards or certain number of days leave benefits to its employees based on the employees’ length of service requirements, including LSA and LSL. LSA are either paid
at the time the employees reach the anniversary dates during employment, or at the time of termination. LSL are either certain number of days leave benefit or cash, subject to approval by
management, provided to employees who met the requisite number of years of service and with a certain minimum age.
The obligation with respect to these awards was determined based on an actuarial valuation using the Projected Unit Credit method, and amounted to Rp.287 billion as of June 30, 2012 and December
31, 2011. The related benefits costs charged to expense amounted to Rp.25 billion and Rp.96 billion for six months period ended June 30, 2012 and the year ended December 31, 2011, respectively.
