NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued JUNE 30, 2012 UNAUDITED AND DECEMBER 31, 2011 AUDITED
AND SIX MONTHS PERIOD ENDED JUNE 30, 2012 AND 2011 UNAUDITED Figures in tables are presented in billions of Rupiah, unless otherwise stated
50
15. SHORT-TERM BANK LOANS continued
Total facility
Interest Interest
in Payment payment
rate Borrower Currency billions schedule
period per annum
Security
Bank CIMB Niaga April 25, 2005
a
Balebat Rp.
12 May 29,
Monthly 9.75
Property, plant and 2013
equipment Note 9, inventories
Note 5, and trade receivables Note 4
April 29, 2008
a
Balebat Rp.
10 May 29,
Monthly 9.75
Property, plant and 2013
equipment Note 9, inventories
Note 5, and trade receivables Note 4
May 14, 2010 Infomedia
Rp. 28
May 14, Monthly
9.75 Trade receivables
2013 Note 4
March 9, 2012 Infomedia
Rp. 38
March 9, Monthly
9.75 Trade receivables
2013 Note 4
March 22, 2012 Infomedia
Rp. 24 March 22,
Monthly 9.75
Trade receivables 2013
Note 4 March 22, 2012
Infomedia Rp.
38 March 22, Monthly
9.75 Trade receivables
2013 Note 4
Bank Ekonomi June 25, 2009
b
Sigma Rp.
15 July 1, 2012 Monthly
9.00 Trade receivables
Note 4, property, plant and equipment
Note 9 August 7, 2009
c
Sigma Rp.
35 July 1, 2012 Monthly
9.00 Trade receivables
Note 4, property, plant and equipment
Note 9
The credit facilities obtained by the Company’s subsidiaries are used for working capital purpose.
a
Based on the latest amendment on April 30, 2012.
b
Based on the latest amendment on April 30, 2010.
b
Based on the latest amendment on November 23, 2011.
16. MATURITIES OF LONG-TERM LIABILITIES a. Current maturities
June 30, December 31,
Notes 2012
2011
Bank loans 19
3,807 3,960
Bonds and notes 18
467 385
Two-step loans 17
237 272
Obligations under finance leases 9
186 196
Total 4,697
4,813
Refer to Note 36 for details of related party transactions.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued JUNE 30, 2012 UNAUDITED AND DECEMBER 31, 2011 AUDITED
AND SIX MONTHS PERIOD ENDED JUNE 30, 2012 AND 2011 UNAUDITED Figures in tables are presented in billions of Rupiah, unless otherwise stated
51
16. MATURITIES OF LONG-TERM LIABILITIES continued
b. Long-term portion Scheduled principal payments as of June 30, 2012, are as follows:
In billions of Rupiah Notes
Total 2013 2014 2015 2016 Later
Bank loans 19
7,588 2,298 3,450
1,274 460
106 Bonds and notes
18 3,389
168 198
1,021 7 1,995
Two-step loans 17
1,937 100
202 205
208 1,222 Obligations under finance leases 9
289 140
68 34
21 26
Total 13,203
2,706 3,918 2,534
696 3,349
17. TWO-STEP LOANS
Two-step loans are unsecured loans obtained by the Government, which are then re-loaned to the Company. The loans entered into up to July 1994 were recorded and 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.
June 30, 2012 December 31, 2011
Outstanding Outstanding
Original Original
currency Rupiah
currency Rupiah
Lenders Currency in millions
equivalent in millions equivalent
Overseas bank Yen
9,599 1,135
9,983 1,167
Rp. -
646 -
717 US
42 393
44 400
Total 2,174
2,284 Current maturities Note 17a
237 272
Long-term portion Note 17b 1,937
2,012 Interest
Interest Payment
payment rate
Lenders Currency schedule
period per annum
Overseas bank US
Semi-annually Semi-annually 4.00
Rp. Semi-annually Semi-annually
7.46 Yen
Semi-annually Semi-annually 3.10
The loans are intended for the development of telecommunications infrastructure and supporting equipment. The loans are payable in semi-annual installments and are due on various dates through
2024.
