PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued SEPTEMBER 30, 2007 AND 2008,
AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2007 AND 2008 Figures in tables are presented in millions of Rupiah, unless otherwise stated
56
23. BANK LOANS continued
a. The Export-Import Bank of Korea On August 27, 2003, the Company entered into a loan agreement with The Export-Import Bank of
Korea for a loan facility of US124 million, to finance the CDMA procurement from the Samsung Consortium. The facility bears interest, commitment and other fees totaling 5.68 per annum.
The loan is unsecured and payable in 10 semi-annual installments on June 30 and December 30 of each year beginning in December 2006. The principal outstanding as of September 30, 2007
and 2008 amounted to US94.1 million equivalent to Rp.860,610 million and US71 million equivalent to Rp.665,560 million, respectively.
b. Bank Mandiri i On March 20, 2006, Telkomsel signed a loan agreement with Bank Mandiri for a facility of
Rp.600,000 million, payable in 5 equal semi-annual installments commencing 6 months after the end of the availability period. The loan bears a floating interest rate of three-month SBI
plus 1.75 per annum 9.79 per annum and 11.65 per annum as of September 30, 2007 and 2008, respectively which becomes due quarterly in arrears and is unsecured. The
principal outstanding as of September 30, 2007 and 2008 amounted to Rp.360,000 million and Rp.120,000 million, respectively.
ii On August 15, 2006, Telkomsel signed a medium-term facility loan agreement with Bank Mandiri for Rp.350,000 million, payable in 5 equal semi-annual installments commencing
6 months after the end of the availability period. The loan bears a floating interest rate of three-month SBI plus 1.5 per annum 9.51 per annum and 11.40 per annum as of
September 30, 2007 and 2008, respectively which becomes due quarterly in arrears and is unsecured. The principal outstanding as of September 30, 2007 and 2008 amounted to
Rp.210,000 million and Rp.70,000 million, respectively.
iii On June 15, 2007, Telkomsel signed a medium-term facility loan agreement with Bank Mandiri of Rp.500,000 million. This facility is payable in 5 equal semi-annual installments
commencing 6 months after the end of the availability period. The loan bears a floating interest rate of three-month JIBOR plus 1,25 per annum 9.40 per annum and 12.41
per annum as of September 30, 2007 and 2008, respectively which becomes due quarterly in arrears and is unsecured. On July 24, 2007, the loan agreement has been amended with
addition of total facilities provided amounted to Rp.200,000 million. The principal outstanding as of September 30, 2007 and 2008 amounted to Rp.700,000 million and Rp.420,000 million,
respectively.
iv On October 24, 2007, Telkomsel signed a medium-term facility loan agreement with Bank Mandiri of Rp.750,000 million. This facility is payable in 5 equal semi-annual
installments commencing 6 months after the end of the availability period. The loan bears a floating interest rate of three-month JIBOR plus 1.17 per annum 10.93 as of
September 30, 2008 which becomes due quarterly in arrears and is unsecured. The principal outstanding as of September 30, 2008 amounted to Rp.600,000 million.
c. BCA i On April 10, 2002, the Company entered into a Term Loan Agreement HP Backbone
Sumatra Project with BCA for a total facility of Rp.173,000 million, to finance the Rupiah portion of the high performance backbone network in Sumatra pursuant to the Partnership
Agreement dated November 30, 2001 with PT Pirelli Cables Indonesia “Pirelli Cables” and PT Siemens Indonesia “Siemens Indonesia”.
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued SEPTEMBER 30, 2007 AND 2008,
AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2007 AND 2008 Figures in tables are presented in millions of Rupiah, unless otherwise stated
57
23. BANK LOANS continued
c. BCA continued i continued
The amounts drawn from the facility bore interest rate of 4.35 per annum plus the three-month time deposit rate and were unsecured. The loans were payable in twelve
unequal quarterly installments beginning in July 2004 and matured in April 2007. Based on the loan agreement, the Company is required to comply with all covenants or
restrictions including maintaining financial ratios. In 2006, the Company breached a covenant in the loan agreement which stipulates that the Company will not make any loans to or for the
benefit of any person which in aggregate exceed Rp.500,000 million. The Company obtained a written waiver from BCA with regard to providing loans to certain subsidiaries which in
aggregate exceed Rp.500,000 million. The loan was fully repaid on April 10, 2007.
ii On March 16, 2006, Telkomsel signed a loan agreement with BCA for a facility of Rp.400,000 million, payable in 5 equal semi-annual installments commencing 6 months after
the end of the availability period. The loan bears a floating interest rate of three-month SBI plus 1.75 per annum 9.79 per annum and 11.65 per annum as of September 30, 2007
and 2008, respectively which becomes due quarterly in arrears and is unsecured. The principal outstanding as of September 30, 2007 and 2008 amounted to Rp.240,000 million
and Rp.80,000 million, respectively.
iii On August 15, 2006, Telkomsel signed a medium-term facility loan agreement with BCA for Rp.350,000 million, payable for 5 equal semi-annual installments commencing 6 months after
the end of the availability period. The loan bears a floating interest rate of three-month SBI plus 1.5 per annum 9.54 per annum and 11.40 per annum as of September 30, 2007
and 2008, respectively which becomes due quarterly in arrears and is unsecured. The principal outstanding as of September 30, 2007 and 2008 amounted to Rp.210,000 million
and Rp.70,000 million, respectively.
iv On June 15, 2007, Telkomsel signed a medium-term facility loan agreement with BCA of Rp.500,000 million, payable in 5 equal semi-annual installments commencing 6 months after
the end of the availability period. The loan bears a floating interest rate of three-month JIBOR plus 1.25 per annum 9.40 per annum and 12.41 per annum as of September 30, 2007
and 2008, respectively which becomes due quarterly in arrears and is unsecured. The principal outstanding as of September 30, 2007 and 2008 amounted to Rp.500,000 million
and Rp.300,000 million, respectively.
v On July 14, 2008, Telkomsel signed a medium-term facility loan agreements with BCA of Rp.1,000,000 million. This facility is in 5 equal semi-annual installments commencing
6 months after the end of the availability period. The loan bears a floating interest rate of one- month JIBOR plus 1.5 per annum 12.24 per annum as of September 30, 2008 which
becomes due quarterly in arrears and is unsecured. The principal outstanding as of September 30, 2008 amounted to Rp.1,000,000 million.
