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
86
34. RETIREMENT BENEFITS OBLIGATION continued b. Pension benefit costs provisions continued
ii Telkomsel continued The components of the net periodic pension costs are as follows:
Juni 30, December 31,
2013 2012
Service costs 65
119 Interest costs
44 83
Expected return on pension plan assets 20
31 Amortization of past service costs
1 Recognized actuarial losses
8 25
Net periodic pension costs Note 27 97
197
The net periodic pension cost for the pension plan was calculated based on the measurement date as of December 31, 2012 and 2011, with reports dated February 12,
2013 and February 24, 2012, respectively, by TWP, an independent actuary in association with TW. The principal actuarial assumptions used by the independent actuary based on the
measurement date as of December 31, 2012 and 2011 for each of the years, are as follows:
December 31, December 31,
2012 2011
Discount rate 6
6.75 Expected long-term return on plan assets
6 6.75
Rate of compensation increases 6.5
8
c. Other post-retirement benefits
The Company provides other post-retirement benefits in the form of cash paid to employees on their retirement or termination. These benefits consist of last housing allowance Biaya Fasilitas
Perumahan Terakhir or BFPT and home passage leave Biaya Perjalanan Pensiun dan Purnabhakti or BPP .
The movements of the other post-retirement benefits provisions for six months period ended June 30, 2013 and the years ended December 31, 2012:
Juni 30, December 31,
2013 2012
Other post-retirement benefits costs provisions at beginning of year
310 273
Other post-retirement benefits costs 33
65 Other post-retirement benefits paid by the Company
13 28
Total other post-retirement benefits costs provisions at end of period
330 310
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.
