PT XL AXIATA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2007, 2008 AND 2009; AND 31 MARCH 2009 AND 2010
Expressed in millions of Rupiah, unless otherwise stated
Page 23
3. CORRECTION OF THE CONSOLIDATED FINANCIAL STATEMENTS AS AT AND FOR THE
THREE-MONTH PERIOD ENDED 31 MARCH 2009 The consolidated financial statements as at and for the three-month period ended 31 March 2009
were restated to reflect the adjustments to the accounting for the finance lease transactions. Due to misinterpretation of facts, gain on finance lease transactions for the three-month period ended
31 March 2009 was understated by Rp 115 billion. This misinterpretation had the effect of understating and overstating of the following line items in the consolidated financial statements as at
and for the three-month period ended 31 March 2009.
31032009 Before
After Restatement
Restatement Difference
Consolidated balance sheets Other assets - current
80,279 105,552
25,273 Other assets - non current
1,733,576 1,826,766
93,190 Deferred tax liabilities
454,545 484,161
29,616
Consolidated statements of income Gain on finance lease transaction
333,149 448,475
115,326 Other expensesincome
46,623 49,760
3,137 Income tax expensebenefit
99,084 69,468
29,616 Net incomeloss
306,068 217,221
88,847 Earningloss per share
Basic 43
31 12
Diluted 43
31 12
4. CASH AND CASH EQUIVALENTS
31122007 31122008
31122009 31032009
3103 2010 Cash on hand
1,463 1,583
1,434 1,468
1,185
Cash in bank
Rupiah - PT Bank Permata Tbk
927 3,331
3,834 50,752
276,467 - Standard Chartered Bank
- 30
4,049 -
173,059 - PT Bank Central Asia Tbk
28,979 18,837
12,068 13,710
32,481 - J .P.Morgan Chase Bank, N.A.
46,541 28,684
12,559 21,942
21,960 - Deutsche Bank AG
5,038 3,177
5,297 224,034
19,145 - PT Bank Mandiri Persero Tbk
4,764 1,832
3,625 1,315
2,836 - PT Bank Negara Indonesia
Persero Tbk 4,853
1,603 1,800
616 1,639
- PT Bank Bukopin Tbk 539
1,411 189
4,009 291
- Others individual amount less than Rp 3,000
6,516 3,700
1,779 3,599
3,880 US Dollar
- J .P.Morgan Chase Bank, N.A. 7,458
3,033 18,045
70,344 40,139
- Standard Chartered Bank 54
74 57,277
53 139
- PT Bank Mandiri Persero Tbk -
- 9
- 9
105,669 65,712
120,531 390,374
572,045
Time deposits
maturing within three months Rupiah
- PT Bank UOB Indonesia 100,000
- 100,000
- 400,000
- PT Bank OCBC NISP Tbk formerly PT Bank NISP Tbk
- -
- 200,000
- - Deutsche Bank AG
67,000 53,000
50,000 -
- - PT Bank DBS Indonesia
180,000 -
- -
- - PT Bank Central Asia Tbk
- 113,908
- -
-
PT XL AXIATA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2007, 2008 AND 2009; AND 31 MARCH 2009 AND 2010
Expressed in millions of Rupiah, unless otherwise stated
Page 24
4. CASH AND CASH EQUIVALENTS continued
31122007 31122008
31122009 31032009
31032010 Time deposits maturing within
three months continued Rupiah continued
- PT ANZ Panin Bank -
60,000 -
- -
- PT Bank CIMB Niaga Tbk formerly PT Bank Niaga Tbk
90,000 -
- -
- - PT Bank Mega Tbk
45,000 -
100,000 -
- -
US Dollar - PT Bank Permata Tbk
- 109,500
94,000 -
410,175 - PT Bank Mega Tbk
- 109,500
- -
- - PT Bank Chinatrust Indonesia
- 219,000
- -
- - PT Bank CIMB Niaga Tbk formerly
PT Bank Niaga Tbk -
109,500 94,000
- - PT ANZ Panin Bank
- 109,500
- -
- - PT Bank Danamon Indonesia Tbk
- 109,500
94,000 -
- - PT Bank DBS Indonesia
122,447 54,750
- -
- - Standard Chartered Bank
- 54,750
- -
- - PT Bank OCBC NISP Tbk formerly
PT Bank NISP Tbk 94,190
- 94,000
- -
698,637 1,102,908
626,000 200,000
810,175 805,769
1,170,203 747,965
591,842 1,383,405
The annual interest rates of the above time deposits are as follows:
31122007 31122008
31122009 31032009
31032010
Rupiah deposit 7.30-9.75
7.00-13.60 4.75-8.00
7,50-13,25 7,25
US Dollar deposit 5.15-5.60
1.00-7.00 1.15-3.50
1,00-7,00 2,13-2,19
Refer to Note 26 for related party information.
5. TRADE RECEIVABLES - THIRD PARTIES
31122007 31122008
31122009 31032009
3103 2010 Domestic partners
- PT Hutchison CP Telecommunications 101
6,299 10,361
1,402 144,838
- PT Bakrie Telecom Tbk 1,873
5,450 17,668
62,501 107,997
- PT Mora Telematika Indonesia 46,326
80,301 50,938
78,736 62,046
- PT Indosat Tbk 2,396
2,730 18,877
1,243 32,709
- PT Telekomunikasi Indonesia Tbk 4,992
12,217 28,343
12,997 30,181
- PT Natrindo Telepon Seluler 76
13,854 11,361
4,141 23,729
- PT Sampoerna Telekomunikasi Indonesia
18 24,175
1,994 18,133
19,995 - PT Nettocyber Indonesia
10,098 4,513
3,519 3,953
3,279 - PT Insan Sarana Telematika
35 3,085
3,456 881
1,459 - PT Indo Pratama Teleglobal
5,535 720
710 1,549
1,318 - Others individual amount less than
Rp 3,000 268,079
234,399 184,832
247,207 186,957
339,529 387,743
332,059 432,743
614,508
International partners
- Shinetown Telecommunications Ltd. 6,792
13,520 9,764
13,092 4,687
- Digi Telecommunications Sdn Bhd 227
3,463 -
3,960 -
- Telstra Corporation Ltd. - Australia 6,040
558 5,670
1,089 -