PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2004 AND 2005, AND FOR YEARS ENDED
DECEMBER 31, 2004 AND 2005 Figures in tables are presented in millions of Rupiah, unless otherwise stated
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21.
MATURITIES OF LONG-TERM LIABILITIES
a. Current maturities
Notes 2004
2005
Two-step loans 22
655,422 569,278
Medium-term Notes 23b
468,976 144,510
Bank loans 24
602,516 634,542
Liabilities of business acquisitions 25
573,908 862,394
12 -
16,201 Total
2,300,822 2,226,925
Obligations under capital leases
b. Long-term portion
Notes Total
2007 2008
2009 2010
Later
Two-step loans 22
4,760.2 497.1
455.6 441.4
418.0 2,948.1
Bonds 23a
991.9 991.9
- -
- -
Medium-term Notes 23b
464.8 464.8
- -
- -
Bank loans 24
1,752.1 697.0
473.7 233.3
232.4 115.7
Liabilities of business acquisitions 25
3,128.0 735.9
818.2 797.8
776.1 -
Obligations under capital leases 12
235.5 20.5
26.1 33.0
41.9 114.0
Total 11,332.5
3,407.2 1,773.6
1,505.5 1,468.4
3,177.8
In billions of Rupiah
22. TWO-STEP LOANS
Two-step loans are loans, which were obtained by the Government from overseas banks and a consortium of contractors, which are then re-loaned to the Company. The loans entered into up to July
1994 were recorded and are payable in Rupiah based on the exchange rate at the date of drawdown. Loans entered into after July 1994 are payable in their original currencies and any resulting foreign
exchange gain or loss is borne by the Company. On December 15, 2004, the Company repaid a portion of its Rupiah denominated two-step loans
totaling Rp701,272 million before its maturity. Further, on December 24, 2004, the Company repaid a portion of its U.S. Dollar denominated two-step loans with principal amount of US48.8 million and
its entire Euro denominated two-step loans with principal amount of EUR14.5 million before their maturities. These early repayments of two-step loans have been approved by the Ministry of Finance of
the Republic of Indonesia – Directorate General of Treasury.
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2004 AND 2005, AND FOR YEARS ENDED
DECEMBER 31, 2004 AND 2005 Figures in tables are presented in millions of Rupiah, unless otherwise stated
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22. TWO-STEP LOANS
continued The details of the two-step loans are as follows:
2004 2005
2004 2005
Overseas banks 3.10 - 13.25
3.10 - 10.71 5,889,703
5,250,829 Consortium of contractors
3.20 - 13.25 3.20
129,002 78,648
Total 6,018,705
5,329,477 Current maturities
655,422 569,278
Long-term portion 5,363,283
4,760,199
Interest Rate Outstanding
Creditors
The details of two-step loans obtained from overseas banks as of December 31, 2004 and 2005 are as follows:
2004 2005
2004 2005
U.S. Dollar 4.00
- 7.98
4.00 -
6.81 2,397,437
2,232,752 Rupiah
8.30 -
13.25 8.30 -
10.71 2,098,948
1,794,149 Japanese Yen
3.10 3.10
1,393,318 1,223,928
Total 5,889,703
5,250,829
Interest Rate Outstanding
Currencies
The loans are intended for the development of telecommunications infrastructure and supporting equipment. The loans are repayable in semi-annual installments and are due on various dates through
2024. Details of two-step loans obtained from a consortium of contractors as of December 31, 2004 and 2005
are as follows:
2004 2005
2004 2005
Japanese Yen 3.20
3.20 119,078
78,648 Rupiah
8.30 - 13.25 8.30
9,924 -
Total 129,002
78,648
Currencies Interest Rate
Outstanding
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2004 AND 2005, AND FOR YEARS ENDED
DECEMBER 31, 2004 AND 2005 Figures in tables are presented in millions of Rupiah, unless otherwise stated
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22. TWO-STEP LOANS
