ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES continued FINANCIAL RISK MANAGEMENT
44. FINANCIAL RISK MANAGEMENT continued
1. Financial risk management continued d. Credit risk The following table presents the maximum exposure to credit risk of the Company and subsidiaries’ financial assets: 2012 2011 Cash and cash equivalents 13,118 9,634 Other current financial assets 4,338 373 Trade and other receivables, net 5,409 5,250 Long-term investments 21 21 Advances and other non-current assets 614 218 Total 23,500 15,496 The Company and subsidiaries are exposed to credit risk primarily from trade receivables and other receivables. The credit risk is managed by continuous monitoring of outstanding balances and collection of trade and other receivables. Trade and other receivables do not include any major concentration of credit risk by customer. Each of the top three customers account for less than 1 of the trade receivables as at December 31, 2012. Management is confident in its ability to continue to control and sustain minimal exposure to credit risk given that the Company and subsidiaries have provided sufficient provision for impairment of receivables to cover incurred loss arising from uncollectible receivables based on existing historical data on credit losses. e. Liquidity risk Liquidity risk arises in situations where the Company and subsidiaries have difficulties in fulfilling financial liabilities when they become due. Prudent liquidity risk management implies maintaining sufficient cash and cash equivalents in order to meet the Company and subsidiaries’ financial obligations. The Company and subsidiaries continuously perform an analysis to monitor financial position ratios, among other things, liquidity ratios, debt equity ratios against debt covenant requirements. The following is the maturity profile of the Company and subsidiaries’ financial liabilities: Carrying Contractual 2017 and amount cash flows 2013 2014 2015 2016 thereafter December 31, 2012 Trade and other payables 7,456 7,456 7,456 - - - - Accrued expenses 6,163 6,163 6,163 - - - - Loans and other borrowings Bank loans 11,295 12,585 5,118 3,869 2,518 602 478 Obligations under finance leases 2,324 3,172 652 548 398 354 1,220 Two-step loans 1,987 2,462 283 277 270 263 1,369 Bonds and notes 3,669 5,462 757 505 1,287 203 2,710 Total 32,894 37,300 20,429 5,199 4,473 1,422 5,777 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2012 AND FOR THE YEAR THEN ENDED WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2011 AND FOR THE YEAR THEN ENDED AND AS OF JANUARY 1, 2011 Figures in tables are presented in billions of Rupiah, unless otherwise stated 11644. FINANCIAL RISK MANAGEMENT continued
Parts
» Telekomunikasi Indonesia Eng
» GENERAL a. Establishment and general information
» Public offering of securities of the Company
» GENERAL continued d. Subsidiaries continued
» Basis of preparation of financial statements
» Principles of consolidation SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» Transactions with related parties
» Business combinations SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» Investments in associated companies
» Prepaid expenses SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued h. Inventories
» Intangible assets SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued h. Inventories
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued k. Intangible assets continued
» Leases SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued l.
» Deferred charges - land rights
» Trade payables SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued m. Leases continued
» Borrowings SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued m. Leases continued
» Revenue and expense recognition
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued s. Employee benefits
» 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
» Provisions SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Retirement benefits SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Impairment of non-financial assets
» CASH AND CASH EQUIVALENTS 2012
» CASH AND CASH EQUIVALENTS continued 2012
» OTHER CURRENT FINANCIAL ASSETS 2012 TRADE RECEIVABLES
» TRADE RECEIVABLES continued Telekomunikasi Indonesia Eng
» INVENTORIES continued Telekomunikasi Indonesia Eng
» LONG-TERM INVESTMENTS Telekomunikasi Indonesia Eng
» LONG-TERM INVESTMENTS continued PROPERTY AND EQUIPMENT
» PROPERTY AND EQUIPMENT continued
» ADVANCES AND OTHER NON-CURRENT ASSETS continued
» INTANGIBLE ASSETS continued Telekomunikasi Indonesia Eng
» INTANGIBLE ASSETS continued TRADE PAYABLES December 31, December 31, January 1,
» ACCRUED EXPENSES 2012 Telekomunikasi Indonesia Eng
» UNEARNED INCOME Telekomunikasi Indonesia Eng
» SHORT-TERM BANK LOANS continued
» CURRENT MATURITIES OF LONG-TERM LIABILITIES continued
» TWO-STEP LOANS continued Telekomunikasi Indonesia Eng
» BONDS AND NOTES continued BANK LOANS continued
» BANK LOANS continued Telekomunikasi Indonesia Eng
» NON-CONTROLLING INTEREST 2012 CAPITAL STOCK 2012
» CAPITAL STOCK continued 2011 Telekomunikasi Indonesia Eng
» REVENUES 2012 Telekomunikasi Indonesia Eng
» REVENUES continued Telekomunikasi Indonesia Eng
» GENERAL AND ADMINISTRATIVE EXPENSES 2012 TAXATION
» TAXATION continued Telekomunikasi Indonesia Eng
» BASIC AND DILUTED EARNINGS PER SHARE
» RETIREMENT BENEFITS OBLIGATION continued
» RETIREMENT BENEFITS OBLIGATION continued a. Prepaid pension benefit costs continued
» RETIREMENT BENEFITS OBLIGATION continued b. Pension benefit costs provisions continued
» POST-RETIREMENT HEALTH CARE BENEFITS
» POST-RETIREMENT HEALTH CARE BENEFITS continued
» 4,859 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» 764 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» 322 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» Cash and cash equivalents Note 3 8,992
» 7,700 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» b. Other current financial assets Note 4
» 406 Trade receivables - net Note 5 701
» d. Advances and prepaid expenses Note 7
» 97 Advances and other non-current assets Note 11
» 72 h. Advances from customers and suppliers
» 7 j. Short-term bank loans Note 16
» Long-term bank loans Note 20
» 6,514 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» Key management personnel remuneration
» SEGMENT INFORMATION Telekomunikasi Indonesia Eng
» SEGMENT INFORMATION continued Telekomunikasi Indonesia Eng
» Mobile cellular telephone tariffs
» Interconnection tariffs TELECOMMUNICATIONS SERVICES TARIFFS
» SIGNIFICANT COMMITMENTS AND AGREEMENTS SIGNIFICANT COMMITMENTS AND AGREEMENTS continued
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued a. Capital expenditures continued
» Borrowings and other credit facilities
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued c. Others
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued c. Others continued
» CONTINGENCIES Telekomunikasi Indonesia Eng
» CONTINGENCIES continued Telekomunikasi Indonesia Eng
» ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES
» ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES continued FINANCIAL RISK MANAGEMENT
» 0.49 FINANCIAL RISK MANAGEMENT continued
» FINANCIAL RISK MANAGEMENT continued
» CAPITAL MANAGEMENT continued Telekomunikasi Indonesia Eng
Show more