GENERAL continued d. Subsidiaries continued
1. GENERAL continued d. Subsidiaries continued
c Sigma continued Sigma has changed its Articles of Association several times, the latest changes was notarized in notarial deed No. 02 dated December 4, 2014 of Utiek Rochmuljati Abdurachman, SH., MLI., Mkn., regarding the changes of the authorized capital, the issued and paid capital. Changes in the Articles of Association were approved by MoLHR through its Letter No. AHU- 12707.40.20.2014 dated December 11, 2014. d Infomedia Based on notarial deed No. 04 dated March 7, 2013 of Sjaaf De Carya Siregar, S.H., Infomedia’s stockholders agreed to distribute dividend which was returned as the increment of issued and fully paid capital amounting to Rp44 billion. Based on notarial deed No. 18 dated July 24, 2013 of Zulkifli Harahap, S.H., Infomedia’s stockholders approved the increase of its paid-in capital of 88,529,790 shares, amounting to Rp44 billion, which was taken proportionately by each of stockholder. On November 20, 2013, Infomedia signed an agreement transferring its Telephone Directory Management business to MD Media. e Dayamitra On April 5, 2013, based on notarial deed No.002 dated April 5, 2013 of Andi Fatma Hasiah, S.H., M.Kn., Dayamitra’s stockholders agreed to distribute dividend which was returned as increment of issued and fully paid capital amounting to Rp31 billion. On October 9, 2014, the Company signed a Conditional Shares Exchange Agreement with PT Tower Bersama Infrastructure Tbk. “TBI” to exchange its 49 ownership in Dayamitra for 5.7 ownership in TBI. In addition, there is an option to exchange the Company’s remaining 51 ownership in Dayamitra within 2 years that will increase the Company’s ownership up to 13.7 in TBI. As of the issuance date of this consolidated financial statement, the transaction is still in process. f Telkom Infratel On January 16, 2014 the Company established a wholly owned subsidiary under the name PT Telkom Infrastruktur Telekomunikasi Indonesia “Telkom Infratel” which was approved by the MoLHR through its Decision Letter No. AHU-03196.AH.01.01.2014 dated January 23, 2014. Telkom Infratel is engaged in providing construction, service and trading of telecommunications. g PINS Based on the Circular Resolution of the Shareholders of PT Pramindo Ikat Nusantara which stated on notarial deed No. 037 dated November 29, 2012 of Andi Fatma Hasiah, S.H., M.Kn., PT Pramindo Ikat Nusantara changed its name into PT PINS Indonesia. On May 19, 2014, PINS signed a Conditional Sale and Purchase of Shares Agreement with PT Upaya Cipta Sejahtera, PT Esa Utama Inti Persada, PT Sinarmas Sekuritas, and PT Tiphone Mobile Indonesia, Tbk “Tiphone”. Subsequently on September 11, 2014, based on notarial deed No. 118 dated September 11, 2014 of Jimmy Tanal, S.H., M.H., PINS acquired 25 ownership in Tiphone at a purchase price of Rp1,395 billion Note 10. PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2014 and for the Year Then Ended Figures in tables are expressedin billions of Rupiah, unless otherwise stated 191. GENERAL continued d. Subsidiaries continued
Parts
» GENERAL a. Establishment and general information
» Public offering of securities of the Company
» Subsidiaries GENERAL continued c. Public offering of securities of the Company continued
» GENERAL continued d. Subsidiaries continued
» Basis of preparation of financial statements
» Principles of consolidation SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» Transactions with related parties
» Investments in associated companies
» Inventories SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Prepaid expenses SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued h. Inventories continued
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued l.
» Leases SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued l.
» Deferred charges - land rights
» Borrowings SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued o. Trade payables
» Income tax SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued s. Employee benefits continued
» Financial instruments SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued t. Income tax continued
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued u. Financial instruments continued
» Dividends SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued u. Financial instruments continued
» Basic earnings per share and earnings per ADS
» Provision SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued y. Segment information
» Retirement benefits SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued y. Segment information
» BUSINESS COMBINATIONS a. Acquisitions
» BUSINESS COMBINATIONS continued a. Acquisitions continued
» Disposal of Indonusa BUSINESS COMBINATIONS continued a. Acquisitions continued
» CASH AND CASH EQUIVALENTS 2014
» CASH AND CASH EQUIVALENTS continued 2014
» OTHER CURRENT FINANCIAL ASSETS 2014
» TRADE RECEIVABLES FS YE Audited 2014 English
» TRADE RECEIVABLES continued FS YE Audited 2014 English
» INVENTORIES 2014 FS YE Audited 2014 English
» ADVANCES AND PREPAID EXPENSES 2014
» LONG-TERM INVESTMENTS FS YE Audited 2014 English
» LONG-TERM INVESTMENTS continued FS YE Audited 2014 English
» PROPERTY AND EQUIPMENT FS YE Audited 2014 English
» PROPERTY AND EQUIPMENT continued
» ADVANCES AND OTHER NON-CURRENT ASSETS continued
» INTANGIBLE ASSETS continued FS YE Audited 2014 English
» TRADE PAYABLES 2014 FS YE Audited 2014 English
» ACCRUED EXPENSES 2014 UNEARNED INCOME
» SHORT-TERM BANK LOANS continued
» CURRENT MATURITIES OF LONG-TERM LIABILITIES
» TWO-STEP LOANS continued FS YE Audited 2014 English
» BONDS AND NOTES FS YE Audited 2014 English
» BONDS AND NOTES continued BANK LOANS
» BANK LOANS continued FS YE Audited 2014 English
» BANK LOANS continued BANK LOANS continued NON-CONTROLLING INTERESTS
» CAPITAL STOCK 2014 FS YE Audited 2014 English
» TREASURY STOCK continued FS YE Audited 2014 English
» REVENUES 2014 FS YE Audited 2014 English
» REVENUES continued FS YE Audited 2014 English
» PERSONNEL EXPENSES FS YE Audited 2014 English
» OPERATIONS, MAINTENANCE AND TELECOMMUNICATION SERVICE EXPENSES 2014
» GENERAL AND ADMINISTRATIVE EXPENSES 2014 TAXATION
» TAXATION continued FS YE Audited 2014 English
» TAXATION continued TAXATION continued
» CASH DIVIDENDS AND GENERAL RESERVE
» PENSION AND OTHER POST-EMPLOYMENT BENEFITS 2014
» Other post-employment benefits provisions
» Obligation under the Labor Law provisions
» Nature of relationships and accountstransactions with related parties
» 6,207 2014 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties
» 4,099 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties
» 602 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» 408 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» Cash and cash equivalents Note 4 10,464
» 11,736 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» b. Other current financial assets Note 5
» 900 Trade receivables - net Note 6 746
» d. Advances and prepaid expenses Note 8
» 55 Advances and other non-current assets Note 12
» 826 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» h. Advances from customers and suppliers
» 67 Short-term bank loans Note 17
» j. Short-term bank loans Note 17
» Long-term bank loans Note 21
» 7,463 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» Significant agreements with related parties
» RELATED PARTY TRANSACTIONS continued
» SEGMENT INFORMATION FS YE Audited 2014 English
» SEGMENT INFORMATION continued FS YE Audited 2014 English
» REVENUE-SHARING ARRANGEMENTS “RSA” FS YE Audited 2014 English
» Fixed line telephone tariffs
» Mobile cellular telephone tariffs
» Capital expenditures continued SIGNIFICANT COMMITMENTS AND AGREEMENTS continued
» Borrowings and other credit facilities
» Borrowings and other credit facilities continued Others
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued c. Others continued
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued
» CONTINGENCIES FS YE Audited 2014 English
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