PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
continued
DECEMBER 31, 2010 AUDITED AND MARCH 31, 2011 UNAUDITED AND THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011 UNAUDITED
Figures in tables are presented in millions of Rupiah, unless otherwise stated
95
43. POST-RETIREMENT HEALTH CARE BENEFITS
continued
December 31, March 31, 2010
2011 Change in projected benefits obligation
Projected benefits obligation at beginning of year 7,165,974
8,741,111 Service costs
83,921 10,656
Interest costs 744,551
204,473 Actuarial gains losses
1,034,589 370,466
Expected post-retirement health care paid 287,924
65,869 Projected benefits obligation at end of year
8,741,111 8,519,905
Change in plan assets
Fair value of plan assets at beginning of year 6,022,263
8,005,054 Expected return on plan assets
589,530 165,294
Employer’s contributions 990,688
108,000 Actuarial losses gains
690,497 370,466
Expected post-retirement health care paid 287,924
65,869 Fair value of plan assets at end of year
8,005,054 7,842,013
Funded status 736,057
677,892 Unrecognized net actuarial gains
313,973 313,973
Accrued post-retirement health care benefits costs 1,050,030
991,865
The actual return on plan assets was Rp.1,280,027 million and Rp.150,110 million for the years ended December 31, 2010 and three months period ended March 31, 2011, respectively.
The components of net periodic post-retirement health care benefits cost are as follows:
December 31, March 31, 2010
2011
Service costs 83,921
10,656 Interest costs
744,551 204,473
Expected return on plan assets 589,530
165,294 Net periodic post-retirement benefits costs
238,942 49,835
Amounts charged to subsidiaries under contractual agreements
688 -
Total net periodic post-retirement health care benefits costs less amounts charged to
subsidiaries Note 34
238,254 49,835
As of December 31, 2010 and March 31, 2011 , plan assets included the Company’s Series B shares with total fair value of Rp.34,419 million and Rp.41,186 million, respectively.
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
continued
DECEMBER 31, 2010 AUDITED AND MARCH 31, 2011 UNAUDITED AND THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011 UNAUDITED
Figures in tables are presented in millions of Rupiah, unless otherwise stated
96
43. POST-RETIREMENT HEALTH CARE BENEFITS
continued The movements of the accrued post-retirement health care benefits costs for the years ended
December 31, 2010 and three months period ended March 31, 2011, are as follows:
December 31, March 31, 2010
2011
Accrued post-retirement health care benefits costs at beginning of year
1,801,776 1,050,030
Net periodic post-retirement health care benefits costs less amounts charged to subsidiaries Note 34
238,254 49,835
Amounts charged to subsidiaries under contractual agreements
688 -
Employer’s contributions 990,688
108,000
Accrued post-retirement health care benefits costs at end of year
1,050,030 991,865
The actuarial valuation for the post-retirement health care benefits was performed based on the measurement date as of December 31, 2009 and 2010, with reports dated March 30, 2010 and
March 15, 2011, respectively, by TWP, an independent actuary in association with TW. The principal actuarial assumptions used by the independent actuary as of December 31, 2009 and
2010, are as follows:
December 31, December 31, 2009
2010
Discount rate 10.75
9.5 Expected long-term return on plan assets
9.25 8.21
Health care costs trend rate assumed for next year
10 8
Ultimate health care costs trend rate 8
8 Year that the rate reaches the ultimate trend rate
2012 2011
44. RELATED PARTY TRANSACTIONS In the normal course of business, the Company and its subsidiaries entered into transactions with
related parties. It is the Companys policy that the pricing of these transactions be the same as those of arm’s-length transactions.
The following are significant agreementstransactions with related parties:
a. Government
i. The Company obtained two-step loans from the Government, the Companys majority stockholder Note 20.
