CASH AND CASH EQUIVALENTS continued OTHER CURRENT FINANCIAL ASSETS 2013
6. TRADE RECEIVABLES continued
c. By currency continued ii Third parties 2013 2012 Rupiah 6,699 5,770 U.S. dollar 806 722 Euro 1 3 Hong Kong dollar 1 2 Total 7,507 6,497 Provision for impairment of receivables 2,381 1,975 Net 5,126 4,522 d. Movements in the provision for impairment of receivables 2013 2012 Beginning balance 2,047 1,732 Provision recognized during the year Note 29 1,589 848 Receivables written-off 622 533 Acquisition 1 - Disposal Note 3 158 - Reclassification 15 - Ending balance 2,872 2,047 The receivables written off are related-party and third-party trade receivables. Management believes that the provision for impairment of trade receivables is adequate to cover losses on uncollectible trade receivables. Certain trade receivables of the subsidiaries amounting to Rp1,700 billion have been pledged as collateral under lending agreements Notes 17 and 21. Refer to Note 37 for details of related party transactions. 7. INVENTORIES 2013 2012 Components 272 183 SIM cards, RUIM cards, set top box, and blank prepaid vouchers 102 134 Others 157 410 Total 531 727 Provision for obsolescence Components 21 51 SIM cards, RUIM cards, set top box, and blank prepaid vouchers 1 1 Modules - 96 Total 22 148 Net 509 579 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2013 and for the Year Then Ended Figures in tables are expressed in billions of rupiah, unless otherwise stated 467. INVENTORIES continued
Movements in the provision for obsolescence are as follows: 2013 2012 Beginning balance 148 106 Divestment 1 - Provision reversal recognized during the year 29 67 Reclassification 96 - Inventories written-off - 25 Ending balance 22 148 The inventories recognized as expense and included in operations, maintenance, and telecommunication service expenses Note 28 for the years ended December 31, 2013 and 2012 amounted to Rp752 billion and Rp633 billion, respectively. Management believes that the provision is adequate to cover losses from declines in inventory value due to obsolescence. Certain inventories of the Company’s subsidiaries amounting to Rp53 billion have been pledged as collateral under lending agreements Notes 17 and 21. As of December 31, 2013 and 2012, modules and components held by the Company and subsidiaries have been insured against fire, theft, and other specific risks with book value amounting to Rp280 billion and Rp272 billion, respectively. Modules are recorded as part of property and equipment. Total sum insured as of December 31, 2013 and 2012 amounted to Rp261 billion and Rp275 billion, respectively. Management believes that the insurance coverage is adequate to cover potential losses of certain inventories which happens to the Company and subsidiaries. 8. ADVANCES AND PREPAID EXPENSES 2013 2012 Frequency license Notes 41c.i and 41c.ii 2,330 2,563 Prepaid rental 744 666 Advances 297 120 Salaries 209 165 Deferred expense 124 45 Insurance 84 18 Others each below Rp50 billion 149 144 Total 3,937 3,721 Refer to Note 37 for details of related party transactions.Parts
» Telekomunikasi Indonesia Eng 31 Des 2013
» GENERAL a. Establishment and general information
» Public offering of securities of the Company
» Subsidiaries GENERAL continued c. Public offering of securities of the Company continued
» GENERAL continued d. Subsidiaries continued
» GENERAL continued Telekomunikasi Indonesia Eng 31 Des 2013
» Authorization for the issuance of the consolidated financial statements
» Basis of preparation of financial statements
» Transactions with related parties
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued d. Business combinations continued
» Investments in associated companies
» Inventories SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued e. Cash and cash equivalents
» Prepaid expenses SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued h. Inventories continued
» Intangible assets SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued h. Inventories continued
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued l.
» Leases SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued l.
» Deferred charges - land rights
» Borrowings SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued o. Trade payables
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued s. Employee benefits continued
» Income tax SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued u. Financial instruments
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued u. Financial instruments continued
» Basic earnings per share and earnings per ADS
» Segment information SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued w. Dividends
» Provision SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued w. Dividends
» Retirement benefits SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued w. Dividends
» Retirement benefits continued Impairment of non-financial assets
» BUSINESS COMBINATIONS a. Acquisitions
» Disposal of Indonusa BUSINESS COMBINATIONS continued a. Acquisitions continued
» BUSINESS COMBINATION continued b. Disposal of Indonusa continued CASH AND CASH EQUIVALENTS 2013
» CASH AND CASH EQUIVALENTS continued 2013
» CASH AND CASH EQUIVALENTS continued OTHER CURRENT FINANCIAL ASSETS 2013
» TRADE RECEIVABLES Telekomunikasi Indonesia Eng 31 Des 2013
» TRADE RECEIVABLES continued Telekomunikasi Indonesia Eng 31 Des 2013
» INVENTORIES continued Telekomunikasi Indonesia Eng 31 Des 2013
» LONG-TERM INVESTMENTS Telekomunikasi Indonesia Eng 31 Des 2013
» LONG-TERM INVESTMENTS continued Telekomunikasi Indonesia Eng 31 Des 2013
» PROPERTY AND EQUIPMENT Telekomunikasi Indonesia Eng 31 Des 2013
» PROPERTY AND EQUIPMENT continued
» ADVANCES AND OTHER NON-CURRENT ASSETS continued
» INTANGIBLE ASSETS Telekomunikasi Indonesia Eng 31 Des 2013
» INTANGIBLE ASSETS continued Telekomunikasi Indonesia Eng 31 Des 2013
» TRADE PAYABLES continued 2013 ACCRUED EXPENSES 2013
» UNEARNED INCOME 2013 Telekomunikasi Indonesia Eng 31 Des 2013
» SHORT-TERM BANK LOANS Telekomunikasi Indonesia Eng 31 Des 2013
» CURRENT MATURITIES OF LONG-TERM LIABILITIES
» TWO-STEP LOANS continued Telekomunikasi Indonesia Eng 31 Des 2013
» BANK LOANS BANK LOANS continued
» BANK LOANS continued Telekomunikasi Indonesia Eng 31 Des 2013
» NON-CONTROLLING INTERESTS 2013 Telekomunikasi Indonesia Eng 31 Des 2013
» CAPITAL STOCK continued 2012 Telekomunikasi Indonesia Eng 31 Des 2013
» 5,805 ADDITIONAL PAID-IN CAPITAL continued
» TREASURY STOCK continued Telekomunikasi Indonesia Eng 31 Des 2013
» REVENUES continued 2013 PERSONNEL EXPENSES
» TAXATION Telekomunikasi Indonesia Eng 31 Des 2013
» TAXATION continued Telekomunikasi Indonesia Eng 31 Des 2013
» TAXATION continued TAXATION continued
» BASIC AND DILUTED EARNINGS PER SHARE
» CASH DIVIDENDS AND GENERAL RESERVE
» CASH DIVIDENDS AND GENERAL RESERVE continued Appropriation of Retained Earnings
» Prepaid pension benefit costs continued 2013
» Prepaid pension benefit costs continued
» Prepaid pension benefit costs continued Historical information: Pension benefit costs provisions
» Pension benefit cost provisions continued
» Pension benefit costs provisions continued
» Other post-retirement benefits continued
» Obligation under the Labor Law
» POST-RETIREMENT HEALTH CARE BENEFITS
» POST-RETIREMENT HEALTH CARE BENEFITS continued
» Nature of relationships and accountstransactions with related parties
» 3,626 2013 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties
» 4,310 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties
» 506 2013 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» 382 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» Cash and cash equivalents Note 4 11,736
» 8,992 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» b. Other current financial assets Note 5
» 701 Trade receivables - net Note 6 900
» d. Advances and prepaid expenses Note 8
» 14 Advances and other non-current assets Note 12
» 89 h. Advances from customers and suppliers
» Long-term bank loans Note 21
» 8,396 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» POST-RETIREMENT HEALTH CARE BENEFITS continued RELATED PARTY TRANSACTIONS continued
» Key management personnel remuneration
» SEGMENT INFORMATION Telekomunikasi Indonesia Eng 31 Des 2013
» SEGMENT INFORMATION continued Telekomunikasi Indonesia Eng 31 Des 2013
» REVENUE-SHARING ARRANGEMENTS “RSA” Telekomunikasi Indonesia Eng 31 Des 2013
» Mobile cellular telephone tariffs
» SIGNIFICANT COMMITMENTS AND AGREEMENTS
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued a. Capital expenditures continued
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued
» Borrowings and other credit facilities
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued c. Others
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued c. Others continued
» CONTINGENCIES continued Telekomunikasi Indonesia Eng 31 Des 2013
» ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES
» ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES continued FINANCIAL RISK MANAGEMENT
» 0.10 FINANCIAL RISK MANAGEMENT continued
» FINANCIAL RISK MANAGEMENT continued
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