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
38
4. ACQUISITIONS OF AD MEDIKA
On January 25, 2010, Metra entered into a CSPA with Ad Medika’s stockholders, Ravi Varma Kanason, Sofian Susantio, Arthur Tahya PT Swadayanusa Kencana Raharja dan Shia Kok Fat,
each of which is a third party, to purchase 75 of Ad Medika’s outstanding shares. Subsequently, on February 25, 2010, Metra entered into SPA with Ad Medika’s stockholders for the share purchase
transaction with acquisition cost amounting to Rp.130,077 million including consultant fee Note 1d.b.
Ad Medika is an electronic health care network company. Ad Medika is the largest health service administration management company in Indonesia. Through the acquisition, the Company began
providing services through Insure Net as an initial National e-Health program. The acquisition of Ad Medika has been accounted for using the purchase method of accounting,
where the purchase price was allocated to the fair value of the acquired assets and assumed liabilities. The allocation of the acquisition cost was as follows:
Rp.
The assets and liabilities arising from the acquisition are as follows: Current assets
26,404 Property, plant and equipments
17,110 Intangible assets
45,591 Current liabilities
22,057 Long-term liabilities
8,143 Deferred tax liabilities
9,919 Non-controling interests
4,145 Fair value of net assets acquired
44,841 Goodwill
85,236
Total purchase consideration 130,077
Less: Cash and cash equivalents in subsidiary acquired
13,574
Cash outflow from acquisition 116,503
Metra acquired control of Ad Medika on February 25, 2010 and the valuation was performed by an independent appraisal using the statement of financial position amount as of February 28, 2010,
being the nearest convenient statement of financial position date. The Company’s consolidated results of operations have included the operating results of Ad Medika since March 1, 2010. The
intangible assets acquired included customer contracts and backlog, non contractual customer relationships, trademarks and tradenames, and a non compete agreement Note 13.
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
39
5. CASH AND CASH EQUIVALENTS December 31, March 31,
2010 2011
Cash on hand 4,213
24,485 Cash in banks
Related parties Rupiah
PT Bank Mandiri Persero Tbk “Bank Mandiri” 439,348
209,725 PT Bank Negara Indonesia Persero Tbk “BNI”
198,680 184,578
PT Bank Rakyat Indonesia Persero Tbk “BRI” 6,405
4,863 PT Bank Syariah Mandiri “BSM”
999 1,571
PT Bank Tabungan Negara Persero Tbk “BTN” 450
337 645,882
401,074 Foreign currencies
Bank Mandiri 169,132
889,157 BRI
891 340,922
BNI 57,005
261,024 BSM
165 28
227,193 1,491,131
Sub-total 873,075
1,892,205 Third parties
Rupiah PT Bank Internasional Indonesia Tbk “BII”
21,245 25,325
PT Bank Permata Tbk 7,753
21,396 Deutsche Bank AG “DB”
27,556 17,395
PT Bank Central Asia Tbk “BCA” 12,076
10,296 PT Bank Ekonomi Raharja Tbk “Bank Ekonomi”
15,018 7,449
PT Bank CIMB Niaga Tbk ”Bank CIMB Niaga” 8,369
6,177 PT Bank Perkreditan Rakyat Karyajatnika Sadaya
1,326 2,248
PT Bank Bukopin Tbk “Bank Bukopin” 2,529
2,196 PT Bank Pembangunan Daerah Jawa Timur
2,607 1,427
PT Bank Pembangunan Daerah Jawa Barat dan Banten “Bank Jabar”
818 1,169
PT Bank ICB Bumiputera Tbk “Bank Bumiputera” 1,169
426 The Royal Bank of Scotland N.V. previously
ABN AMRO Bank 99,287
52 Others each below Rp.1 billion
1,454 1,468
201,207 97,024
Foreign currencies
