PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2012 AND FOR THE YEAR THEN ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2011 AND FOR THE YEAR THEN ENDED AND AS OF JANUARY 1, 2011
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 the years ended December 31, 2012 and 2011:
2012 2011
Service costs 10
9 Interest costs
32 37
Amortization of past service costs 7
7 Recognized actuarial losses
16 12
Total net periodic other post-retirement benefits costs Note 27
65 65
Historical information: 2012 2011
2010 2009 2008
Present value of unfunded defined benefit obligation
508 462
409 336
277 Fair value of plan assets
- -
- -
-
Deficit in the plan 508
462 409
336 277
Experience adjustments arising on plan liabilities
5 13
11 1
10
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 December 31, 2012 and 2011 amounted to Rp146 billion and Rp111 billion, respectively. The
related employees’ benefits cost charged to expense amounted to Rp38 billion and Rp30 billion for the years ended December 31, 2012 and 2011, 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 Rp347 billion and Rp287 billion as of
December 31, 2012 and 2011, respectively. The related benefits costs charged to expense amounted to Rp121 billion and Rp96 billion for the years ended December 31, 2012 and 2011, respectively
Note 27.
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2012 AND FOR THE YEAR THEN ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2011 AND FOR THE YEAR THEN ENDED AND AS OF JANUARY 1, 2011
Figures in tables are presented in billions of Rupiah, unless otherwise stated
88
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 Rp18 billion and Rp19 billion for the years ended December 31, 2012 and 2011, respectively.
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 December 31, 2012 and 2011:
2012 2011
Change in projected post-retirement health care benefits obligation
Projected post-retirement health care benefits obligation at beginning of year
10,547 8,741
Service costs 56
43 Interest costs
755 818
Actuarial losses 2,074
1,208 Expected post-retirement health care benefits paid
270 263
Projected post-retirement health care benefits obligation at end of year
13,162 10,547
Change post-retirement health care benefits in plan assets
Fair value of plan assets at beginning of year 8,986
8,005 Expected return on plan assets
720 662
Employer’s contributions 300
361 Actuarial gains
177 222
Expected post-retirement health care paid 270
264 Fair value of plan assets at end of year
9,913 8,986
Funded status 3,249
1,561 Unrecognized net actuarial losses
2,570 673
Post-retirement health care benefits costs provisions 679
888