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
13
1. GENERAL continued d. Subsidiaries continued
ii Indirect subsidiaries: continued
Percentage of ownership interest
Total assets before elimination
Subsidiaryplace of incorporation
Nature of businessdate of incorporation or acquisition
by the Company Year of start of
commercial operations
September 30, 2016
December 31, 2015
September 30, 2016
December 31, 2015
PT Satelit Multimedia
Indonesia “SMI”, Jakarta, Indonesia
Satellite services March 25, 2013
2013 99,99
99,99 17
13 PT Pojok Celebes Mandiri
“PCM”, Jakarta, Indonesia
Tour agentbureau servicesAugust 16, 2013
2008 51
51 16
18 PT Nusantara Sukses Sarana
”NSS”, Jakarta, Indonesia
Building and hotel management service, and
other services September 1, 2014
2014 99,99
99,99 12
- PT Nusantara Sukses Realti
”NSR”, Jakarta, Indonesia
Service and trading September 1, 2014
- 99,99
99,99 12
- Telekomunikasi Indonesia
International “Telkom USA”, Inc., USA
Telecommunication December 11, 2013
2014 100
100 9
52
PT Metra TV “Metra TV”,
Jakarta, Indonesia Subscription-broadcasting
servicesJanuary 8, 2013 2013
99,83 99,83
- -
a Metra On November 30, 2015 Metra acquired 13,850 shares of TelkoMedika equivalent to 75
ownership with acquisition cost amounting to Rp69.5 billion. TelkoMedika engaged in health procurement and medicinal services including the establishment of pharmacies, hospital, clinic,
or other healthcare support.
Based on notarial deed Utiek Rochmuljati Abdurachman, S.H., M.LI, M.Kn., No. 10, 11, 12, 13, 14 dated May 25, 2016, Metra purchased 2,000 shares of PT. Administrasi Medika Admedika
from the non-controlling interest equivalent to 25 ownership amounting to Rp139 billion.
b Sigma Based on notarial deed No.09 dated December 18, 2015 of Utiek Rochmuljati Abdurachman,
S.H., M.LI, M.Kn., approved by MoLHR through its decision letter No. AHU-AH.01.03-09904427 dated December 22, 2015, Sigma purchased 55 ownership in PT Media Nusantara Global
Data MNDG which is engaged in data center services.
The acquisition cost amounted to Rp45 billion and the fair value of identifiable net assets amounted to Rp30 billion resulting in a goodwill of Rp15 billion Note 11.
c Telin On May 19, 2015, Pachub Acquisition Co. was incorporated, with Telekomunikasi Indonesia
International USA obtaining 100 direct ownership. On May 29, 2015, Telkom USA and Pachub Acquisition Co entered into an agreement and plan
of merger with AP Teleguam Holdings, Inc. In June 2016, the agreement related to the merger was terminated.
e. Authorization for the issuance of the consolidated financial statements
The consolidated financial statements were prepared and approved for issuance by the Board of Directors on October 24, 2016.
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
14
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The consolidated financial statements of the Company and subsidiaries collectively referred to as “the Group” have been prepared in accordance with Financial Accounting Standards Standar Akuntansi
Keuangan” or “SAK including Indonesian Statement of Financial Accounting Standards Pernyataan Standar Akuntansi Keuangan or “PSAK” and interpretation of Financial Accounting Standards
Interpretasi Standar Akuntansi Keuangan or “ISAK” in Indonesia published by the Financial Accounting Standards Board of Indonesian Institute of Accountant and Regulation No. VIII.G.7 of the
Capital Market and Financial Institution Supervisory Agency “Bapepam-LK” regarding the Presentation and Disclosure of Financial Statements of Issuers or Public Companies, enclosed in the decision letter
KEP-347BL2012. a. Basis of preparation of financial statements
The consolidated financial statements, except for the consolidated statements of cash flows, are prepared on the accrual basis. The measurement basis used is historical cost, except for certain
accounts, which are measured using the basis mentioned in the relevant notes herein. The consolidated statements of cash flows are prepared using the direct method and present the
changes in cash and cash equivalents from operating, investing and financing activities. Figures in the consolidated financial statements are presented and rounded to billions of Indonesian
rupiah “Rp”, unless otherwise stated.
Accounting Standards Issued but not yet Effective
Effective January 1, 2017: •
Amendments to PSAK 1: Presentation of Financial Statements on Disclosure Initiative. The amendments provide clarification on the application of the requirements of materiality,
the flexibility of systematic order of the notes to the financial statements and the identification of significant accounting policies.
• ISAK 31: Interpretation on the Scope of PSAK 13: Investment Property.
The ISAK provides an interpretation of the characteristics of the building used as part of the definition of investment property in PSAK 13: Investment Property. The building as
investment property refer to structures that have physical characteristics generally associated as a building with the walls, floors, and roofs are attached to the assets.
b. Principles of consolidation
The consolidated financial statements consist of the financial statements of the Company and the subsidiaries over which it has control. Control is achieved when the Group is exposed, or has rights,
to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Specifically, the Group controls an investee if and only if the
Group has the power over the investee, exposure or rights, to variable returns from its involvement with the investee, and the ability to use its power over the investee to affect its returns.
The Group re-assesses whether it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control. Consolidation of a subsidiary begins
when the Group obtains control over the subsidiary and ceases when the Group loses control over the subsidiary. Assets, liabilities, income and expenses, of a subsidiary acquired or disposed of
during the year are included in the consolidated financial statements from the date the Group gain control until the date the Group ceases to control the subsidiary.
