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 Table of Content
28. CASH DIVIDENDS AND GENERAL RESERVE
Pursuant to the AGM of Stockholders of the Company as stated in notarial deed No. 26 dated April 17, 2015 of Ashoya Ratam, S.H., MKn., the Company’s stockholders approved the distribution of cash
dividend and special cash dividend for 2014 amounting to Rp7,319 billion Rp74.55 per share and Rp1,464 billion Rp14.91 per share, respectively. On May21, 2015, the Company paid the cash
dividend and special cash dividend totalling Rp8,783 billion. 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 May26, 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 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 benefitliabilities are as follows:
Notes 2016
2015 Prepaid pension benefit cost
The Company - funded 29a.i.a
197 1,329
MDM 1
2 Infomedia
1
Total prepaid pension benefit cost 199
1,331 Pension benefit and other post-employment
benefit obligations
Pension benefit The Company - unfunded
29a.i.b 2,507
2,500 Telkomsel
29a.ii 1,193
803 Patrakom
- Sub-total pension benefit
3,700 3,303
Net periodic post-employment health care benefit
29b 1,592
118 Other post-employment benefit
29c 502
497 Obligation under the Labor Law
29d 332
253
Pension benefit and other post-employment benefit obligations
6,126 4,171
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 Table of Content
29. PENSION AND OTHER POST-EMPLOYMENT BENEFITS continued
The breakdown of the net benefit expense recognized in the consolidated statements of profit or loss and other comprehensive income is as follows:
Notes 2016
2015 Pension benefit cost
The Company- funded 29a.i.a
608 12
The Company- unfunded 29a.i.b
279 251
Telkomsel 29a.ii
181 168
MDM 1
Infomedia Patrakom
- Total pension benefit cost
23 1,068
432 Net periodic post-employment health care
benefit cost 23,29b
163 216
Other post-employment benefit cost 23,29c
48 47
Obligation under the Labor Law 23,29d
82 53
Total 1,361
748
Notes 2016
2015 Defined benefit plan actuarial gain losses
The Company- funded 29a.i.a
492 186
The Company- unfunded 29a.i.b
119 187
Telkomsel 29a.ii
292 15
Infomedia 1
Patrakom MDM
1 Post-employment health care benefit
29b 1,309
540 Other post-employment benefit
29c 20
11 Obligation under the Labor Law
29d 33
20
Sub-total 2,266
494 Deferred tax effect at the applicable tax rates
208 12
Defined benefit plan actuarial gain losses - net
2,058
506
a. Pension benefit costs
i. The Company a. Funded pension plan
The Company sponsors a defined benefit pension plan for employees with permanent status prior to July 1, 2002. The pension benefits are paid based on the participating employees’
latest basic salary at retirement and the number of years of their service. The plan is governed by the pension laws in Indonesia and managed by Telkom Pension Fund
Dana Pensiun Telkom
or “Dapen”. The participating employees contribute 18 before March 2003: 8.4 of their basic salaries to the pension fund. The Company’s contributions to the
pension fund for the yearsended December 31, 2016 and2015 amounted to Rpnil, respectively.
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 Table of Content
29. PENSION AND OTHER POST-EMPLOYMENT BENEFITS continued a. Pension benefit costs continued
i. The Company continued a. Funded pension plan continued
The following table presents the changes in projected pension benefit obligations, changesin pension benefit plan assets, funded status of the pension plan and net amount recognized in
the consolidated statements of financial position as of December 31, 2016 and2015, and for the years ended December 31, 2016 and 2015, on the defined benefit pension plan:
2016 2015
Changes in projected pensionbenefit obligations
Projected pension benefit obligations at beginning of year
16,505 17,402
Charged to profit or loss: Service costs
363 218
Past service cost - plan amendments 245
55 Interest costs
1,444 1,445
Pension plan participants’ contributions 44
45 Actuarial gain losses
1,680 1,666
Pension benefits paid 1,432
808 Settlement
- 76
Projected pension benefit obligations at end of year
18,849 16,505
2016 2015
Changes in pension benefit plan assets
Fair value of pension plan assetsat beginning of year
17,834 18,929
Interest income 1,458
1,576 Return on plan assets excluding amount included
in net interest expense 1,188
1,837 Pension plan participants’ contributions
44 45
Pension benefits paid 1,432
808 Plan administrationcost
46 71
Fair value of pension plan assets at end of period 19,046
17,834 Funded status
197 1,329
Effect of asset ceiling -
-
Prepaid pension benefit cost 197
1,329
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 Table of Content
29. PENSION AND OTHER POST-EMPLOYMENT BENEFITS continued a. Pension benefit costs continued