PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2013 UNAUDITED AND FOR SIX MONTHS PERIOD ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2012 AUDITED AND FOR SIX MONTHS PERIOD ENDED JUNE 30, 2012 UNAUDITED
Figures in tables are presented in billions of Rupiah, unless otherwise stated
87
34. RETIREMENT BENEFITS OBLIGATION continued c.
Other post-retirement benefits continued
The components of the net periodic other post-retirement benefits costs for six months period ended June 30, 2013 and the years ended December 31, 2012:
Juni 30, December 31,
2013 2012
Service costs 5
10 Interest costs
15 32
Amortization of past service costs 4
7 Recognized actuarial losses
9 16
Total net periodic other post-retirement benefits costs Note 27
33 65
d. Obligation under Labor Law
Under Law No. 13 Year 2003 concerning labor regulation, the Company and subsidiaries are required to provide a minimum pension benefit, if not covered yet by the sponsored pension
plans, to their employees upon retirement age. The total related obligation recognized as of June 30, 2013 and December 31, 2012 amounted to Rp159 billion and Rp146 billion, respectively. The
related employees benefits cost charged to expense amounted to Rp16 billion and Rp13 billion for six months period ended June 30, 2013 and 2012, respectively.
35. LONG SERVICE AWARDS LSA
Telkomsel provides certain cash awards or certain number of days leave benefits to its employees based on the employees length of service requirements, including LSA and LSL. LSA are either paid
at the time the employees reach certain years during employment, or at the time of termination. LSL are either certain number of days leave benefit or cash, subject to approval by management, provided
to employees who meet the requisite number of years of service and with a certain minimum age.
The obligation with respect to these awards was determined based on an actuarial valuation using the Projected Unit Credit method, and amounted to Rp358 billion and Rp347 billion as of
June 30, 2013 and December 31, 2012, respectively. The related benefits costs charged to expense amounted to Rp29 billion and Rp25 billion for six months period ended June 30, 2013 and 2012,
respectively Note 27.
36. POST-RETIREMENT HEALTH CARE BENEFITS
The Company provides a post-retirement health care plan 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 retirement health care plan is provided to employees hired with permanent status on or after November 1, 1995 or employees with terms of service less than 20
years on the time of retirement. The Company s contribution amounted to Rp17 billion and Rp18 billion for six months period ended June 30, 2013 and the years ended December 31, 2012,
respectively.
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2013 UNAUDITED AND FOR SIX MONTHS PERIOD ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2012 AUDITED AND FOR SIX MONTHS PERIOD ENDED JUNE 30, 2012 UNAUDITED
Figures in tables are presented in billions of Rupiah, unless otherwise stated
88
36. POST-RETIREMENT HEALTH CARE BENEFITS continued
The following table presents the change in the projected post-retirement health care benefits obligation, change post-retirement health care benefits in plan assets, funded status of the post-
retirement health care benefits plan and net amount recognized in the Company s consolidated statement of financial position as of June 30, 2013 and December 31, 2012:
Juni 30, December 31,
2013 2012
Change in projected post-retirement health care benefits obligation
Projected post-retirement health care benefits obligation at beginning of year
13,162 10,547
Service costs 35
56 Interest costs
407 755
Actuarial losses 25
2,074 Expected post-retirement health care benefits paid
147 270
Projected post-retirement health care benefits obligation at end of period
13,432 13,162
Change post-retirement health care benefits in plan assets
Fair value of plan assets at beginning of year 9,913
8,986 Expected return on plan assets
372 720
Employer s contributions 181
300 Actuarial gains
25 177
Expected post-retirement health care paid 147
270 Fair value of plan assets at end of period
10,294 9,913
Funded status 3,138
3,249 Unrecognized net actuarial losses
2,452 2,570
Post-retirement health care benefits costs provisions 686
679
As of June 30, 2013 and December 31, 2012, plan assets mainly consisted of:
Juni 30, December 31,
2013 2012
Mutual funds 77.73
81.00 Time deposits
5.83 10.72
Equity securities 11.94
7.61 Corporate obligation
3.58 -
Others 0.92
0.67
Total assets 100.00
100.00
Yakes plan assets also include Series B shares issued by the Company with fair value totaling Rp73 billion and Rp35 billion representing 0.71 and 0.35 of total plan assets as of June 30, 2013
and December 31, 2012, respectively.
