PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued JUNE 30, 2005 AND 2006, AND FOR THE SIX MONTHS PERIOD ENDED
JUNE 30, 2005 AND 2006 Figures in tables are presented in millions of Rupiah, unless otherwise stated
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20. SHORT-TERM BANK
LOANS continued
a. The Hongkong and Shanghai Banking Corporation “HSBC” continued On January 20, 2005 and April 14, 2005, the Company drew down Rp100,000 million and
US49.0 million, respectively. As of June 30, 2005, the principal outstanding amounted to Rp578,240 million. On October 14, 2005, the loan has been fully repaid and the loan agreement
was terminated.
b. Bank Central Asia On December 3, 2004, Telkomsel entered into a loan agreement with Deutsche Bank AG, Jakarta
as “Arranger” and “Agent” and Bank Central Asia as “Lender” and “Transferor” with a total facility of Rp170,000 million. Under the agreement, the Lender may transfer its rights, benefits and
obligations to any bank or financial institution by delivering the Transfer Agreement to the Agent and notifying Telkomsel. The facility bears interest at a rate equal to the 3-month Certificates of
Bank Indonesia plus 1 i.e., 13.09 as of December 31, 2005 payable in arrears. The loan is due on February 1, 2006. As of June 30, 2005, the principal outstanding amounted to Rp170,000
million. On February 1, 2006, Telkomsel repaid the entire loan balance and the loan agreement was terminated.
c. Bank Mandiri On August 28, 2001, Napsindo entered into a loan agreement with Bank Mandiri for a facility of
US1.8 million for a one-year term. The loan is secured with the Company’s time deposits Note 10 with interest rate at 2 above the pledged time deposits interest rate 2.65 as of June 30,
2005. The loan facility has been extended several times, the most recent of which was on September 23, 2004 where the loan facility was extended for another one-year term and expired on
August 28, 2005.
On April 24, 2003, Napsindo also entered into a loan agreement with Bank Mandiri for a facility of US2.7 million for a one-year term. On May 4, 2004, the facility was extended for another one
year term and expired on April 24, 2005. The loan was secured by the Company’s time deposits Note 10 and bore interest at 2 above the pledged time deposits interest rate 2.65 as of June
30, 2005.
As of June 30, 2005, principal outstanding under these facilities amounted to US4.5 million Rp43,498 million. On July 29, 2005, the Company’s time deposits pledged for these facilities
were used to repay the principal outstanding and on August 1, 2005, the loan agreements were terminated.
d. Bank Niaga On April 25, 2005, Balebat entered into a loan agreement with Bank Niaga for a total facility of
Rp2,400 million comprising of revolving credit facility of Rp800 million which bears interest at 12 per annum and matured on July 25, 2005. This loan agreement also includes an investment
credit facility of Rp1,600 million which is discussed in Note 24f. On July 26, 2005, the interest rate and maturity date for revolving credit facility was amended to 12.5 per annum and May 30,
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued JUNE 30, 2005 AND 2006, AND FOR THE SIX MONTHS PERIOD ENDED
JUNE 30, 2005 AND 2006 Figures in tables are presented in millions of Rupiah, unless otherwise stated
- 56
2006, respectively. The total credit facility of Rp2,400 million is secured by Balebat’s property located in West Java.
20. SHORT-TERM BANK
