PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued JUNE 30, 2009 AND 2010,
AND SIX MONTHS PERIOD ENDED JUNE 30, 2009 AND 2010 Figures in tables are presented in millions of Rupiah, unless otherwise stated
97
45. RELATED PARTY TRANSACTIONS continued c. Indosat continued
The Company provides leased lines to Indosat and its subsidiaries, namely Indosat Mega Media, Lintasarta and PT Sistelindo Mitralintas. The leased lines can be used by these companies for
telephone, telegraph, data, telex, facsimile or other telecommunication services. Revenues earned from these transactions amounted to Rp.74,023 million and Rp.69,230 million for six
months period ended June 30, 2009 and 2010, respectively, representing 0.2 of the total operating revenues for each period.
Lintasarta utilizes the Company’s satellite transponders or frequency channels. Revenues earned from these transactions amounted to Rp.12,981 million and Rp.16,613 million for six months
period ended June 30, 2009 and 2010, respectively, representing 0.04 and 0.05 of total operating revenues for each period.
Telkomsel has an agreement with Lintasarta valid until October 31, 2010 and PT Artajasa Pembayaran Elektronis “Artajasa” valid until May 2008 a 39.8 owned subsidiary of Indosat
for the usage of data communication network system. The charges from Lintasarta and Artajasa for the services amounted to Rp.17,612 million and Rp.15,648 million for six months period ended
June 30, 2009 and 2010, respectively, representing 0.1 of the total operating expenses for each period.
d. Others
Transactions with all BUMN are considered as related parties transactions: i
The Company provides telecommunication services to substantially all Government Agencies in Indonesia for which transactions are treated as that of third parties customers.
ii The Company has entered into agreements with Government Agencies and associated
companies, namely CSM, Patrakom and PSN for the utilization of the Companys satellite transponders or frequency channels. Revenues earned from these transactions amounted
to Rp.74,389 million and Rp.62,809 million for six months period ended June 30, 2009 and 2010, respectively, representing 0.2 of the total operating revenues for each period.
iii The Company provides leased lines to associated companies, namely CSM, Patrakom,
PSN and Gratika. The leased lines can be used by the associated companies for telephone, telegraph, data, telex, facsimile or other telecommunications services.
Revenues earned from these transactions amounted to Rp.22,350 million and Rp.21,951 million for six months period ended June 30, 2009 and 2010, respectively,
representing 0.1 of the total operating revenues for each period.
iv The Company purchases property, plant and equipment including construction and
installation services from a number of related parties. These related parties include, among others, PT Industri Telekomunikasi Indonesia “INTI” and Kopegtel. Purchases made from
these related parties amounted to Rp.92,460 million and Rp.47,394 million for six months period ended June 30, 2009 and 2010, respectively, representing 1.8 and 0.6 of the
total fixed assets purchased in each period.
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued JUNE 30, 2009 AND 2010,
AND SIX MONTHS PERIOD ENDED JUNE 30, 2009 AND 2010 Figures in tables are presented in millions of Rupiah, unless otherwise stated
98
45. RELATED PARTY TRANSACTIONS continued d. Others continued
v INTI is also a major contractor and supplier of equipment, including construction and
installation services of Telkomsel. Purchases from INTI for six months period ended June 30, 2009 and 2010 amounted to Rp.54,134 million and Rp.64,112 million, respectively,
representing 1.1 and 0.8 of the total fixed assets purchased in each period.
vi Telkomsel has an agreement with PSN for the lease of PSN’s transmission link. Based on
the agreement, which was made on March 14, 2001, the minimum lease period is 2 years since the operation of the transmission link and is extendable subject to agreement by both
parties. The agreement was extended until March 13, 2011. The lease charges amounted to Rp.110,851 million and Rp.90,198 million for six months period ended June 30, 2009
and 2010, respectively, representing 0.6 and 0.4 of the total operating expenses for each period.
vii The Company and its subsidiaries insured their property, plant and equipment against property losses, inventories and employees social security from Jasindo, PT Asuransi
Tenaga Kerja and Jiwasraya, state-owned insurance companies. Insurance premiums amounted to Rp.158,378 million and Rp.193,982 million for six months period ended June
30, 2009 and 2010, respectively, representing 0.8 of the total operating expenses for each period.
viii The Company and its subsidiaries maintain current accounts and time deposits in several state-owned banks. In addition, some of these banks are appointed as collecting agents for
the Company. Total placements in the form of current accounts, time deposits and mutual funds in state-owned banks amounted to Rp.6,361,118 million and Rp.5,798,311 million as
of June 30, 2009 and 2010, respectively, representing 6.7 and 5.9 of the total assets. Interest income recognized for six months period ended June 30, 2009 and 2010 amounted
to Rp.97,189 million and Rp.47,213 million, representing 42.0 and 27.1 of the total interest income for each period.
ix The Company and its subsidiaries obtained loans from state-owned banks. Interest
expense on these loans for six months period ended June 30, 2009 and 2010 amounted to Rp.489,355 million and Rp.460,763 million, respectively, representing 52.2 and 48.1 of
the total interest expense for each period.
x The Company leases buildings, leases vehicles, purchases materials and construction
services, and utilizes maintenance and cleaning services of Kopegtel and PT Sandhy Putra Makmur “SPM”, a subsidiary of Yayasan Sandikara Putra Telkom - a foundation managed
by Dharma Wanita Telkom. Total charges from these transactions amounted to Rp.178,726 million and Rp.286,452 million for six months period ended June 30, 2009 and 2010,
respectively, representing 0.9 and 1.3 of the total operating expenses for each period.
