PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2016 and For the Six Months Period Then Ended unaudited
Figures in tables are expressed in billions of rupiah, unless otherwise stated
112
37. ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES continued
December 31, 2015 Rupiah
U.S. dollar Japanese yen
Others equivalent
in millions in millions in millions in billions
Assets Cash and cash equivalents
494.19 11.37
10.34 6,957
Other current financial assets 30.37
- 1.02
433 Trade receivables
Related parties 1.69
- -
23 Third parties
104.19 -
1.18 1,453
Other receivables 0.40
- 0.10
7 Advances and other non-current assets
3.88 -
- 54
Total assets 634.72
11.37 12.64
8,927
Liabilities Trade payables
Related parties 0.42
- -
6 Third parties
202.04 10.73
2.39 2,819
Other payables 22.26
- 1.65
330 Accrued expenses
34.45 25.45
0.18 481
Advances from customers and suppliers 0.48
- -
7 Current maturities of long-term liabilities
12.04 767.90
- 254
Promissory notes 1.99
- -
28 Long-term liabilities - net of current maturities
187.48 6,143.18
- 3,290
Total liabilities 461.16
6,947.26 4.22
7,215
Assets Liabilities - net 173.56
6,935.89 8.42
1,712
Assets and liabilities denominated in other foreign currencies are presented as U.S. dollar equivalents using the buy and sell rates quoted by Reuters prevailing at the end of the reporting period.
The Group’s activities expose them to a variety of financial risks, including the effects of changes in debt and equity market prices, foreign currency exchange rates, and interest rates.
If the Group reports monetary assets and liabilities in foreign currencies as of June 30, 2016 using the exchange rates on July 26, 2016, the unrealized foreign exchange loss amounted to
Rp11 billion.
38. FINANCIAL RISK MANAGEMENT
1. Fair value of financial assets and financial liabilities a.
Classification i. Financial asset
June 30, December 31,
2016 2015
Fair value of financial asset through profit or loss
Derivative asset –
put option 172
172
Payables and receivables
Cash and cash equivalents 21,431
28,117 Trade receivables and other receivables, net
14,434 7,872
Other current financial assets 2,408
2,486 Other non - current assets
361 379
Available - for - sale financial assets
Available - for - sale securities 161
160
Total financial asset 38,967
39,186
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2016 and For the Six Months Period Then Ended unaudited
Figures in tables are expressed in billions of rupiah, unless otherwise stated
113
38. FINANCIAL RISK MANAGEMENT continued
1. Fair value of financial assets and financial liabilities continued a.
Classification continued ii. Financial liabilites
June 30, December 31,
2016 2015
ii.
Financial liabilities measured at amortised cost
Trade payables and other payables 14,167
14.284 Accrued expenses
9,978 8.247
Loans and other borrowings
Short-term bank loans 686
602 Two-step loans
1,485 1.520
Bonds and notes 9,513
9.548 Long-term bank loans
17,755 18.362
Obligation under finance lease 4,552
4.580
Total financial liabilities 58,136
57.143
b. Fair value
Fair value measurement at reporting date using Quoted prices
in active markets Significant for identical
other Significant
assets or observable
unobservable Carrying
liabilities inputs
inputs June 30, 2016
amount Fair Value
level 1 level 2
level 3 Financial assets
Available-for-sale securities 161
161 60
101 -
Fair value through profit or loss 172
172 -
- 172
Total 333
333 60
101 172
Financial liabilities for which fair value are disclosed
Liabilities Two-step loans
1,485 1,521
- -
1,521 Bonds and notes
9,513 9,953
9,405 -
548 Long-term bank loans
17,755 17,785
- -
17,785 Obligation under finance lease
4,552 4,552
- -
4,552
Total 33,305
33,811 9,405
- 24,406
