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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the Three Months Period Ended March 31, 2016 and 2015 unaudited
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
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35. SIGNIFICANT COMMITMENTS AND AGREEMENTS continued
b. Borrowings and other credit facilities
i As of March 31, 2016, the Company has bank guarantee facilities for tender bond, performance bond, maintenance bond, deposit guarantee and advance payment bond for
various projects of the Company, as follows:
Facility utilized
Lenders Total facility
Maturity Currency
Original currency
in millions Rupiah
equivalent
BRI 350
March 14, 2016 Rp
- 74
US 1
BNI 250
March 31, 2016 Rp
- 85
US 1
Bank Mandiri 300
December 23, 2016
Rp -
255 US
Total 900
416
ii Telkomsel has US3 million bond and bank guarantee and standby letter of credit facilities
with SCB, Jakarta. The facilities expire on July 31, 2016. Under these facilities, as of December 31, 2015, Telkomsel has issued a bank guarantee of Rp20 billion equivalent to
US1.4 million for a 3G performance bond Note 39c.i. The bank guarantee is valid until March 24, 2016.
Telkomsel has a Rp500 billion bank guarantee facility with BRI. The facility will expire on March 25, 2016. Under this facility, as of December 31, 2015, Telkomsel has issued a bank
guarantee of Rp317 billion equivalent to US22 million as payment commitment guarantee for annual right of usage fee valid until March 31, 2016 and Rp20 billion equivalent to
US1.4 million for a 3G performance guarantee.
Telkomsel has a Rp150 billion bank guarantee facility with BCA. The facility will expire on April 15, 2016.
Telkomsel has also a Rp100 billion bank guarantee facility with BNI. The facility will expire on December 11, 2016. Telkomsel uses this facility to replace the time deposit required as
guaranty for the USO program amounting to Rp53 billion Note 35c.iv. iii TII has a US15 million bank guarantee from Bank Mandiri. The facility expires on
December 18, 2016. The outstanding bank guarantee facility as of March 31, 2016 amounting to US10 million.
c. Others
i 3G license
With reference to the Decision Letters No. 07PERM.KOMINFO22006, No. 268KEPM.KOMINFO92009 and No. 191 year 2013 of the MoCI Note 2i, Telkomsel is
required, among other things, to: 1. Pay an annual BHP fee which is calculated based on a certain formula over the license
term 10 years as set forth in the Decision Letters. The BHP is payable upon receipt of the notification letter “Surat Pemberitahuan Pembayaran” from the DGPI. The BHP fee is
payable annually up to the expiry date of the license.
2. Provide roaming access for the existing other 3G operators. 3. Contribute to USO development.
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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the Three Months Period Ended March 31, 2016 and 2015 unaudited
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
Table of Contents
35. SIGNIFICANT COMMITMENTS AND AGREEMENTS continued c. Others
