PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued SEPTEMBER 30, 2007 AND 2008,
AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2007 AND 2008 Figures in tables are presented in millions of Rupiah, unless otherwise stated
49
17. ACCRUED EXPENSES 2007
2008
Operations, maintenance and telecommunications services 1,029,348
1,300,760 Salaries and benefits
965,078 769,754
General, administrative and marketing 528,371
552,780 Interest and bank charges
130,947 251,431
Total 2,653,744
2,874,725 18. UNEARNED INCOME
2007 2008
Prepaid pulse reload vouchers 2,326,959
3,036,452 Other telecommunications services
3,962 28,614
Others 67,948
70,502
Total 2,398,869
3,135,568 19. SHORT-TERM BANK LOANS
2007 2008
Bank Niaga 29,002
35,000 Bank Syariah Mega
13,150 18,449
BNI 500,000
- BCA
200,000 -
Bank Mandiri 200,000
- Bank Bumiputera
8,000 -
Total 950,152
53,449
a. Bank Niaga On April 25, 2005, Balebat entered into a Rp.800 million, 12 per annum fixed rate revolving
credit facility and Rp.1,600 million investment credit facility agreement with Bank Niaga. These credit facilities are secured by Balebat’s property located in West Java up to a maximum of
Rp.3,350 million Note 11. The applicable fixed interest rate and maturity date of the revolving credit facility was amended on July 26, 2005 from 12 per annum to 12.5 per annum and
May 30, 2006, respectively and subsequently on June 13, 2006 to 16.5 per annum and May 30, 2007, respectively. Based on the latest amendment, the revolving credit facility
amounting to Rp.800 million was combined with the short-term fixed credit facility of Rp.4,000 million Note 23h. Additionally, Balebat obtained a credit facility of Rp.500 million with a
fixed interest rate of 16.75 per annum, maturing on May 30, 2007. On May 23, 2007, the loan agreement was amended 4
th
amendment agreement to increase the maximum facility amount and interest rate to Rp.15,000 million and 13 per annum respectively, for the period up to
May 29, 2008. On April 29, 2008, the loan agreement was amended to change the maturity period to May 29, 2009. As of September 30, 2007 and 2008, the principal outstanding amounted
to Rp.14,002 million and Rp.15,000 million, respectively.
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued SEPTEMBER 30, 2007 AND 2008,
AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2007 AND 2008 Figures in tables are presented in millions of Rupiah, unless otherwise stated
50
19. SHORT-TERM BANK LOANS continued
a. Bank Niaga continued On April 29, 2008, Balebat received an additional Specific Transaction Facility of Rp.5,000 million
Note 23h. The loan bears an interest rate of 11.5 per annum and will mature on May 29, 2009. As of September 30, 2008, the principal outstanding amounted to Rp.5,000 million.
On October 18, 2005, GSD entered into a short-term loan agreement with Bank Niaga for an original facility of Rp.3,000 million for a one-year term. On November 3, 2006, the agreement was
amended to change the interest rate from 16.25 per annum to 15.5 per annum and the maturity period to October 18, 2007. On November 23, 2007, the loan agreement was amended
to change the total facility to Rp.15,000 million with an interest rate of 11 per annum and the maturity period to October 18, 2008. This credit facility is secured by GSD’s property, plant and
equipment located in Jakarta Note 11. As of September 30, 2007 and 2008, the principal outstanding amounted to Rp.8,000 million and Rp.8,000 million, respectively.
In October 2005, GSD entered into a short-term facility agreement with Bank Niaga for an original facility of Rp.12,000 million, as amended on June 7, 2006 to Rp.7,000 million, and maturing on
October 18, 2006. The loan agreement was amended twice, the latest on November 3, 2006, to change the interest rate from 16.25 per annum to 15.5 per annum for the period
October 18, 2006 to October 18, 2007. The principal outstanding as of September 30, 2007 and 2008 was Rp.7,000 million and Rp.7,000 million, respectively.
b. Bank Syariah Mega On September 6, 2007, Infomedia entered into a Rp.13,650 million loan agreement with
Bank Syariah Mega for financing the collection of call center business. The facility is obtained through sharia principles with the estimated rates on borrowing at 14 per annum, and is
secured by the receivables from contact center Note 6. The loan is payable within 3 months from the signing date. The principle outstanding as of September 30, 2007 was Rp.13,150 million.
On December 12, 2007 the loan was fully repaid.
On December 11, 2007, Infomedia entered into a Rp.10,535 million loan agreement with Bank Syariah Mega for working capital purpose. The facility is obtained through sharia principles
with the estimated rates on borrowing at 14 per annum, and is secured by the receivables from contact center Note 6. The loan is payable within 3 months from the signing date. Based on
amendment on June 10, 2008 2
nd
amendment agreement, the maturity period of loan agreement was extended to September 11, 2008. On September 29, 2008 the loan was fully
repaid. On March 31, 2008, Infomedia entered into Rp.8,812 million loan agreement with Bank Syariah
Mega for working capital purpose. The facility is obtained through sharia principles with the estimated rates on borrowing at 14 per annum, and is secured by the receivables from contact
center Note 6. The loan is payable within 3 months from the signing date. Based on amendment on September 25, 2008 2
nd
amendment agreement, the maturity period of loan agreement was extended to December 28, 2008. The principal outstanding as of September 30, 2008 amounted
to Rp.8,812 million. On June 5, 2008, Infomedia entered into Rp.9,637 million loan agreement with Bank Syariah
Mega for working capital purpose. The facility is obtained through sharia principles with the estimated rates on borrowing at 14 per annum, and is secured by the receivables from contact
center Note 6. The loan is payable within 3 months from the signing date. Based on amendment on September 25, 2008, the maturity period of loan agreement was extended to
December 11, 2008. The principal outstanding as of September 30, 2008 amounted to Rp.9,637 million.
