PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of September 30, 2016 and For the Nine-Month Period Then Ended unaudited
Figures in tables are expressed in billions of rupiah, unless otherwise stated
84
30. PENSION AND OTHER POST-EMPLOYMENT BENEFITS continued a. Pension benefit costs continued
ii Telkomsel continued Movements of the provision for pension benefit cost for the nine-month periods ended
September 30, 2016 and for the year ended December 31, 2015:
September 30, 2016
December 31, 2015
Provision for pension benefit cost at beginning of year 803
812 Periodic pension benefit cost
136 168
Actuarial gain losses recognized via the OCI -
64 Return on plan assets excluding amount included in net
interest expense -
79 Employer contributions
93 192
Provision for pension benefit cost at end of year 846
803
The components of the periodic pension benefit cost for the nine-month periods ended September 30, 2016 and 2015 are as follows:
2016 2015
Service costs 80
76 Net interest cost
56 40
Total periodic pension benefit cost 136
116
Amounts recognized in OCI amounted to Rpnil. The net periodic pension cost for the pension plan was calculated, based on the measurement
date as of December 31, 2015 and 2014, with reports dated February 12, 2016 and February 5, 2015, respectively, by TWP, an independent actuary in association with WTW. The
principal actuarial assumptions used by the independent actuary based on the measurement date as of December 31, 2015 and 2014, are as follows:
2015 2014
Discount rate 9.25
8.25 Rate of compensation increases
8.00 6.50
Indonesian mortality table 2011
2011
b. Post-employment health care benefit provisions
The Company provides post-employment health care benefits to all of its employees hired before November 1, 1995 who have worked for the Company for 20 years or more when they retire, and
to their eligible dependents. The requirement to work for 20 years does not apply to employees who retired prior to June 3, 1995. The employees hired by the Company starting from November 1, 1995
are no longer entitled to this plan. The plan is managed by Yakes.
The defined contribution post-employment health care benefit plan its provided to employees hired with permanent status on or after November 1, 1995 or employees with terms of service less than
20 years at the time of retirement. The Company’s contribution to the plan amounted to Rp17 billion and Rp15 billion for the nine-month periods ended September 30, 2016 and for the year ended
December 31, 2015, respectively.
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of September 30, 2016 and For the Nine-Month Period Then Ended unaudited
Figures in tables are expressed in billions of rupiah, unless otherwise stated
85
30. PENSION AND OTHER POST-EMPLOYMENT BENEFITS continued b. Post-employment health care benefits provisions continued
The following table presents the changes in projected post-employment health care benefit provision, change in post-employment health care benefit plan assets, funded status of the post-
employment health care benefit plan, and net amount recognized in the Company’s consolidated statement of financial position as of September 30, 2016 and December 31, 2015:
30 September 2016
31 Desember 2015
Changes in projected post-employment health care benefit obligation
Projected post-employment health care benefit obligation at beginning of year
10,942 11,505
Charged to profit or loss: Service costs
7 49
Net interest cost 745
961 Actuarial gain losses
1,155 1,187
Expected post-employment health care benefits paid 312
386 Projected post-employment health care benefit provision at
end of year 12,537
10,942
Changes in post-employment health care benefit plan assets
Fair value of plan assets at beginning of year 10,824
11,064 Interest income
737 924
Return on plan assets excluding amount included in net interest expense
1,155 647
Expected post-employment health care benefits paid 121
386 Administrative expense paid
312 131
Fair value of plan assets at end of year 12,283
10,824 Funded status
254 118
Provision for post-employment health care benefit 254
118
