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
63
16. SHORT-TERM BANK LOANS continued
Other significant information relating to short-term bank loans as at June 30, 2015 is as follows: continued
Total facility
Interest Interest in
Maturity payment
rate Borrower Currency billions
date period per annum
Security
Bank Danamon
d
August 23, 2013 Infomedia
Rp 80
August 23, 2015 Monthly 12.00
Trade receivable Note 6
SCB
March 30, 2015 GSD
Rp 100
June 30, 2015 Quarterly 10.50
None
Deutsche Bank
April 8, 2015 Telkomsel
Rp 1,000
December 31, 2015 Monthly 1month
None JIBOR +0.5
The credit facilities obtained by the Company
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
64
18. TWO-STEP LOANS
Two-step loans are unsecured loans obtained by the Government which are then re-loaned to the Company. The loans obtained up to July 1994 are payable in rupiah based on the exchange rate at the
date of drawdown. Loans obtained after July 1994 are payable in their original currencies and any resulting foreign exchange gain or loss is borne by the Company.
June 30, 2015 December 31, 2014
Outstanding Outstanding
Original Original
currency Rupiah
currency Rupiah
Lenders Currency in millions
equivalent in millions equivalent
Overseas banks Yen
7,295 797
7,679 796
US 29
381 31
381 Rp
- 402
- 438
Total 1,580
1,615 Current maturities Note 17a
217 207
Long-term portion Note 17b
1,363 1,408
Interest Interest
Payment payment
rate Lenders
Currency schedule
period per annum
Overseas banks US
Semi-annually Semi-annually 4.00
Rp Semi-annually Semi-annually
8.57 Yen
Semi-annually Semi-annually 3.10
The loans were intended for the development of telecommunications infrastructure and supporting telecommunications equipment. The loans are due on various dates through 2024.
The Company had used all facilities under the two-step loans program since 2008. Under the loan covenants, the Company is required to maintain financial ratios as follows:
a. Projected net revenue to projected debt service ratio should exceed 1.2:1 for the two-step loans originating from Asian Development Bank
