PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2015 and for the Six Months Period Then Ended Unaudited
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
127
42. FINANCIAL RISK MANAGEMENT continued
2. Fair value of financial assets and financial liabilities continued a. Fair value measurement continued
i The fair values of long-term financial asssets and financial liabilities other non-current assets long-term receivables and restricted cash and liabilities approximate their carrying
amounts as they were measured based on the discounted future contractual cash flows. iii Available-for-sale financial assets primarily consist of shares, mutual funds and Corporate
and Government bonds. Shares and mutual funds actively traded in an established market are stated at fair value using quoted market price or, if unquoted, determined using a
valuation technique. Corporate and Government bonds are stated at fair value by reference to prices of similar securities at the reporting date.
iv The fair values of long-term financial liabilities are estimated by discounting the future contractual cash flows of each liability at rates offered to the Group for similar liabilities of
comparable maturities by the bankers of the Group, except for bonds which are based on market prices.
The fair value estimates are inherently judgmental and involve various limitations, including: a. Fair values presented do not take into consideration the effect of future currency
fluctuations. b. Estimated fair values are not necessarily indicative of the amounts that the Group would
record upon disposaltermination of the financial assets and liabilities. b. Classification and fair value
The following table presents the carrying value and estimated fair values of the Groups financial assets and liabilities based on their classifications, other than those with carrying amounts that
are reasonable approximation of fair values:
June 30, 2015 Other
Total Loans and Available for
financial carrying
Fair Trading receivables
sale liabilities
amount value
Cash and cash equivalents -
24,286 -
- 24,286
24,286 Other current financial assets
- 2,710
260 -
2,970 2,970
Trade and other receivables, net -
8,717 -
- 8,717
8,717 Advances and other non-current assets
- 455
- -
455 455
Total financial assets -
36,168 260
- 36,428
36,428
Trade and other payables -
- -
13,592 13,592
13,592 Accrued expenses
- -
- 6,230
6,230 6,230
Loans and other borrowings Short-term bank loans
- -
- 1,541
1,541 1,541
--
Two-step loans -
- -
18,355 18,355
18,560 Long-term bank loans
- -
- 4,789
4,789 4,789
Bonds and notes -
- -
10,385 10,385
10,498 Obligation under finance lease
- -
- 1,580
1,580 1,618
Total financial liabilities -
- -
56,472 56,472
56,828 December 31, 2014
Restated Other
Total Loans and Available for
financial carrying
Fair Trading receivables
sale liabilities
amount value
Cash and cash equivalents -
17,672 -
- 17,672
17,672 Other current financial assets
- 2,543
254 -
2,797 2,797
Trade and other receivables, net -
7,380 -
- 7,380
7,380 Advances and other non-current assets
- 546
- -
546 546
Total financial assets -
28,141 254
- 28,395
28,395
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2015 and for the Six Months Period Then Ended Unaudited
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
128
42. FINANCIAL RISK MANAGEMENT continued
