PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2015 and for the Six Months Period Then Ended Unaudited
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
38
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
ab. Changes in accounting policies and disclosures continued
Implementation of PSAK 24, Employee Benefits Revised 2013 continued
Before After
restatement Restatement restatement
Consolidated statement of financial position as of December 31, 2014
Prepaid pension benefit costs 771
399 1,170
Deferred tax assets
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2015 and for the Six Months Period Then Ended Unaudited
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
39
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued ab. Changes in accounting policies and disclosures continued
Implementation of PSAK 24, Employee Benefits Revised 2013 continued
Before After
restatement Restatement restatement
Consolidated statement of comprehensive income for the six months period
ended June 30, 2014 continued Profit for the year attributable to
Owners of the parent company 7,411
125 7,286
Non-controlling interests 3,050
1 3,049
Net comprehensive income for the year attributable to
Owners of the parent company 7,368
125 7,243
Non-controlling interests 3,050
1 3,049
Basic and diluted earnings per share in full amount
Net income per share 76.24
1 74.95
Net income per ADS 15,247.25
256.68 14,990.57
PSAK 24 Revised 2013 also requires more extensive disclosures. These have been provided in Note 34.
The implementation of PSAK 24, Employee Benefits Revised 2013, have no impact on the consolidated statements of cash flows.
The overall impact of the implementation of those revised standards in the consolidated financial statements are as follows:
Before After
restatement Restatement restatement
Consolidated statement of financial position as of January 1, 2014
Total current assets 33,075
597 33,672
Total non current assets 94,876
7 94,883
Total assets 127,951
604 128,555
Total current liabilities 28,437
597 29,034
Total non current liabilities 22,090
615 22,705
Total liabilities 50,527
1,212 51,739
Total equity 77,424
608 76,816
Total liabilities and equity 127,951
604 128,555
Before After
restatement Restatement restatement
Consolidated statement of financial position as of December 31, 2014
Total current assets 33,762
532 34,294
Total non current assets 107,133
395 107,528
Total assets 140,895
927 141,822
Total current liabilities 31,786
532 32,318
Total non current liabilities 22,984
381 23,365
Total liabilities 54,770
913 55,683
Total equity 86,125
14 86,139
Total liabilities and equity 140,895
927 141,822
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2015 and for the Six Months Period Then Ended Unaudited
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
40
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
ac. Critical accounting estimates and judgements continued
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the
circumstances. The Group make estimates and assumptions concerning the future. The resulting accounting
estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and
liabilities within the next financial year are addressed below.
i. Retirement benefits
The present value of the retirement benefit obligations depends on a number of factors that are determined on an actuarial basis using a number of assumptions. The assumptions used in
determining the net cost income for pensions include the discount rate. Any changes in these assumptions will impact the carrying amount of retirement benefit obligations.
The Group determines the appropriate discount rate at the end of each reporting period. This is the interest rate that should be used to determine the present value of estimated future cash
outflows expected to be required to settle the obligations. In determining the appropriate discount rate, the Group considers the interest rates of Government bonds that are
denominated in the currency in which the benefits will be paid and that have terms to maturity approximating the terms of the related retirement benefit obligations.
If there is an improvement in the ratings of such Government bonds or a decrease in interest rates as a result of improving economic conditions, there could be a material impact on the
discount rate used in determining the post-employment benefits obligations. Other key assumptions for retirement benefit obligations are based in part on current market
conditions. Additional information is disclosed in Notes 33, 34 and 35.
ii. Useful lives of property and equipment
The Group estimate the useful lives of their property and equipment based on expected asset utilization, considering strategic business plans, expected future technological developments
and market behavior. The estimates of useful lives of property and equipment are based on the Group
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2015 and for the Six Months Period Then Ended Unaudited
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
41
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued ac. Critical accounting estimates and judgments continued
