Leased line agreements SIGNIFICANT AGREEMENTS WITH THIRD PARTIES continued
35. SUBSEQUENT EVENTS continued
The Composition of the Company’s shareholders after Prívate Placement are as follows: Number of shares Amount Rp Indocel Holding Sdn. Bhd. formerly Nynex Indocel Holding Sdn. 5,674,125,290 567,412 66.70 Emirates Telecommunications Corporation Etisalat International Indonesia Ltd. 1,132,497,500 113,250 13.30 Public 1,701,377,210 170,138 20.00 8,508,000,000 850,800 100.00 c. On 9 April 2010, the Company cancelled the remaining EKN loan under Facilty B amounted to USD 35,718,521.36. FINANCIAL ASSETS AND LIABILITIES
Financial risk management The Company’s activities expose it to variety of financial risks: market risk including foreign exchange risk and interest rate risk, credit risk and liquidity risk. The Company’s overall financial risk management program focuses on the unpredictability of financial markets and seeks to minimize potential adverse effects on the financial performance of the Company. The Company uses derivative financial instruments such as foreign exchange forward contracts, cross currency swap and interest rate swaps to hedge certain risk exposures. Derivatives are exclusively used for hedging purposes, i.e. not as trading or other speculative instruments. Financial risk management is carried out by a central treasury department under policies approved by the Board of Directors. Treasury department identifies, evaluates and hedges financial risks. Foreign exchange risk Changes in exchange rates have affected and may continue to affect the Company’s results of operations and cash flows. Some of the Company’s debt obligations and capital expenditures are, and expected will continue to be, denominated in U.S. dollars. Most of the Company’s revenues are denominated in Rupiah. The Company currently hedge a portion of its foreign currency exposure principally because the annual USD-denominated operating revenue is less than the sum of USD-denominated capital expenditures, annual payments of USD-denominated principal and interest payments. In an effort to manage foreign currency exposure, the Company enters into forward contracts currency contracts and cross currency swap contracts with international financial institutions. For the forward contracts, the Company typically pays a fixed rate premium. As a result of these contractual arrangements, the Company believes that it has reduced some of foreign exchange risk exposure although not all of our foreign exchange exposure is hedged and replacement hedging agreements may not be available when the current hedging agreements expire.Parts
» Company’s Public Offerings continued
» Investment license GENERAL continued
» Investment license continued Operating license
» Operating licence continued GENERAL continued
» Board of Directors, Commissioners and Audit Committee
» Board of Directors, Commissioners and Audit Committee continued
» Basis for preparation of the consolidated financial statements
» Principles of consolidation SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Related party transactions SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Recognition of revenues and expenses i
» Trade receivables SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Inventories SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Leases SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Leases continued i SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Fixed assets and depreciation
» Fixed assets and depreciation continued
» Intangible assets SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Loans Bond and share issue costs
» Derivative financial instruments SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Derivative financial instruments continued
» Foreign currency translation SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Taxation SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Taxation continued SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Employee benefits Short-term employee benefits
» Employee benefits continued Post-employment benefits continued
» Financial assets and liabilities
» Financial assets and liabilities continued
» Financial assets and liabilities continued Financial liabilities continued
» Earningloss per share SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Dividends SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Use of estimates SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» CORRECTION OF THE CONSOLIDATED FINANCIAL STATEMENTS AS AT AND FOR THE
» CASH AND CASH EQUIVALENTS continued
» TRADE RECEIVABLES - THIRD PARTIES
» TRADE RECEIVABLES - THIRD PARTIES continued
» ADVANCES AND PREPAYMENTS Daftar Laporan Audit
» OTHER ASSETS Daftar Laporan Audit
» FIXED ASSETS Daftar Laporan Audit
» FIXED ASSETS continued Daftar Laporan Audit
» SHORT-TERM LOANS Daftar Laporan Audit
» DEFERRED REVENUE LONG-TERM LOANS
» LONG-TERM LOANS continued Daftar Laporan Audit
» LONG-TERM LOANS continued LONG-TERM BONDS
» LONG-TERM BONDS continued PROVISIONS
» Estimated liabilities for assets restoration
» Post-employment benefits PROVISIONS continued
» SHARE CAPITAL AND ADDITIONAL PAID-IN CAPITAL
» SHARE CAPITAL AND ADDITIONAL PAID-IN CAPITAL continued
» APPROPRIATED RETAINED EARNINGS EARNINGLOSS PER SHARE
» EARNINGLOSS PER SHARE continued
» REVENUE Daftar Laporan Audit
» INFRASTRUCTURE EXPENSES Daftar Laporan Audit
» INTERCONNECTION AND TELECOMMUNICATIONS SERVICE CHARGES
» SALES AND MARKETING EXPENSES
» SALARIES AND EMPLOYEE BENEFITS
» Corporate income tax expensesbenefit continued
» Deferred tax liabilities TAXATION continued
» Deferred tax liabilities continued
» Tax assessments 2001 fiscal year
» Tax assessments continued 2004 fiscal year
» Nature of transactions and relationships with related parties continued Cash and cash equivalents
» Trade receivables RELATED PARTY INFORMATION continued
» Other receivables RELATED PARTY INFORMATION continued
» Revenue RELATED PARTY INFORMATION continued
» Revenue continued RELATED PARTY INFORMATION continued
» Interconnection charges RELATED PARTY INFORMATION continued
» Other telecommunications service costs
» Rental expense RELATED PARTY INFORMATION continued
» Service expense RELATED PARTY INFORMATION continued
» Salaries and allowances for Board of Directors and Commissioners
» Operating lease commitments COMMITMENTS
» DERIVATIVE INSTRUMENTS Daftar Laporan Audit
» DERIVATIVE INSTRUMENTS continued Daftar Laporan Audit
» CONTINGENCY Daftar Laporan Audit
» TARIFF SYSTEM Daftar Laporan Audit
» General purchase agreement with Ericsson AB
» Maintenance agreements and installation agreement with PT Ericsson Indonesia
» System implementation and integration agreement with AMDOCS
» System implementation and integration agreement with AMDOCS continued
» Supply, installation and maintenance agreement with PT Huawei Tech Investment “HTI”
» Equipment supply, maintenance and installation agreement with PT Alita Praya Mitra
» Fibre optic cable installation along the railroad in Java island and land lease to build
» Interconnection agreements SIGNIFICANT AGREEMENTS WITH THIRD PARTIES continued
» International roaming agreements SIGNIFICANT AGREEMENTS WITH THIRD PARTIES continued
» Leased line agreements SIGNIFICANT AGREEMENTS WITH THIRD PARTIES continued
» Consortium agreement, Palapa Ring Construction and Maintenance
» Master Tower Lease Agreement
» Fiber optics lease agreement
» National roaming agreement SIGNIFICANT AGREEMENTS WITH THIRD PARTIES continued
» Joint construction of submarine fiber optic link agreement
» MONETARY ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES
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