PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2010 AUDITED AND SEPTEMBER 30, 2011 UNAUDITED AND
NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2010 AND 2011 UNAUDITED Figures in tables are presented in millions of Rupiah, unless otherwise stated
107
44. RELATED PARTY TRANSACTIONS continued d. Others continued
vi Telkomsel has an agreement with PSN for the lease of PSN’s transmission link. Based on
the agreement, which was made on March 14, 2001, the minimum lease period is 2 years since the operation of the transmission link and is extendable subject to agreement by both
parties. The agreement was extended until March 13, 2011. The lease charges amounted to Rp.132,582 million and Rp.124,843 million for nine months period ended September 30,
2010 and 2011, respectively, representing 0.4 and 0.3 of the total operating expenses for each period.
vii The Company and its subsidiaries insured their property, plant and equipment against
property losses, inventories and employees social security from Jasindo, PT Asuransi Tenaga Kerja and Jiwasraya, state-owned insurance companies. Insurance premiums
amounted to Rp.291,989 million and Rp.330,721 million for nine months period ended September 30, 2010 and 2011, respectively, representing 0.8 and 0.9 of the total
operating expenses for each period.
viii The Company and its subsidiaries maintain current accounts and time deposits in several state-owned banks. In addition, some of these banks are appointed as collecting agents for
the Company. Total placements in the form of current accounts, time deposits and mutual funds in state-owned banks amounted to Rp.7,362,270 million and Rp.7,653,175 million as
of September 30, 2010 and 2011, respectively, representing 7.4 and 7.7 of the total assets. Interest income recognized for nine months period ended September 30, 2010 and
2011 amounted to Rp.91,843 million and Rp.168,271 million, representing 31.8 and 43.6 of the total interest income for each period.
ix The Company and its subsidiaries obtained loans from state-owned banks. Interest
expense on these loans for nine months period ended September 30, 2010 and 2011 amounted to Rp.664,439 million and Rp.444,740 million, respectively, representing 46.5
and 36.8 of the total interest expense for each period.
x The Company leases buildings, leases vehicles, purchases materials and construction
services, and utilizes maintenance and cleaning services of Kopegtel and PT Sandhy Putra Makmur “SPM”, a subsidiary of Yayasan Sandikara Putra Telkom - a foundation managed
by Dharma Wanita Telkom. Total charges from these transactions amounted to Rp.439,571 million and Rp.367,798 million for nine months period ended September 30, 2010 and
2011, respectively, representing 1.3 and 1.0 of the total operating expenses for each period.
xi The Company and its subsidiaries earned interconnection revenues from PSN, with a total
of Rp.3,711 million and Rp.3,266 million for nine months period ended September 30, 2010 and 2011, respectively, representing 0.01 of the total operating revenues for each
period. And incurred interconnection expenses from PSN, with a total of Rp.3,782 million and Rp.2,871 million for nine months period ended September 30, 2010 and 2011,
respectively, representing 0.01 of the total operating expenses for each period.
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2010 AUDITED AND SEPTEMBER 30, 2011 UNAUDITED AND
NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2010 AND 2011 UNAUDITED Figures in tables are presented in millions of Rupiah, unless otherwise stated
108
44. RELATED PARTY TRANSACTIONS continued d. Others continued
xii The Company has RSA with Kopegtel. Kopegtel’s share in revenues from these
arrangements amounted to Rp.657 million and Rp.408 million for nine months period ended September 30, 2010 and 2011, respectively, representing less than 0.01 of the
total operating revenues for each period.
xiii Telkomsel has operating lease agreements with Patrakom and CSM for the use of their transmission link for 3 years, subject to extension. Lease charges amounted to Rp.148,595
million and Rp.133,817 million for nine months period ended September 30, 2010 and 2011, respectively, representing 0.4 of the total operating expenses for each period.
xiv Koperasi Pegawai Telkomsel “Kisel” is a cooperation that was established by Telkomsel’s employees to engage in car rental services, printing and distribution of customer bills,
collection and other services principally for the benefit of Telkomsel. For these services, Kisel charged Telkomsel Rp.410,730 million and Rp.498,029 million for nine months period
ended September 30, 2010 and 2011, respectively, representing 1.2 and 1.4 of the total operating expenses for each period. Telkomsel also has dealership agreements with
Kisel for distribution of SIM cards and pulse reload vouchers. Total SIM cards and pulse reload vouchers which were sold to Kisel amounted to Rp.1,644,348 million and
Rp.1,729,372 million for nine months period ended September 30, 2010 and 2011, respectively, representing 3.2 and 3.3 of the total operating revenues for each period.
xv Telkomsel has procurement agreements with Gratika, a subsidiary of Dapen, for installation and maintenance of equipment. The agreement was valid initially from February 14, 2006
to December 31, 2009 and has been extended until March 31, 2011. As of the issuance date of the consolidated financial statements, the agreement is in the process of being
extended. Total procurement for installations of equipment amounted Rp.18,770 million and Rp.5,137 million for nine months period ended September 30, 2010 and 2011,
respectively, representing 0.2 and 0.1 of the total acquisition of fixed assets for each period; and for maintenance of equipment amounted to Rp.10,870 million and Rp.7,880
million for nine months period ended September 30, 2010 and 2011, respectively, representing less than 0.01 and 0.02 of the total operating expenses for each period.
