PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued SEPTEMBER 30, 2007 AND 2008,
AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2007 AND 2008 Figures in tables are presented in millions of Rupiah, unless otherwise stated
93
44. RELATED PARTY TRANSACTIONS continued
d. Others Transactions with all BUMN are considered as related parties transactions:
i The Company provides telecommunication services to substantially all Government
agencies in Indonesia which transactions are treated as that of third parties customers. ii
The Company has entered into agreements with Government Agencies and associated companies, namely CSM, Patrakom and PSN, for the utilization of the Companys satellite
transponders or frequency channels. Revenues earned from these transactions amounted to Rp.82,508 million and Rp.78,974 million for the nine months period ended September
30, 2007 and 2008, respectively, representing 0.2 of the total operating revenues for each period.
iii The Company provides leased lines to associated companies, namely CSM, Patrakom and
PSN. The leased lines can be used by the associated companies for telephone, telegraph, data, telex, facsimile or other telecommunications services. Revenues earned from these
transactions amounted to Rp.46,682 million and Rp.48,940 million for the nine months period ended September 30, 2007 and 2008, respectively, representing 0.1 of the total
operating revenues for each period.
iv The Company purchases property and equipment including construction and installation
services from a number of related parties. These related parties include, among others, PT Industri Telekomunikasi Indonesia “INTI” and Koperasi Pegawai Telkom “Kopegtel”.
Purchases made from these related parties amounted to Rp.89,047 million and Rp.499,079 million for the nine months period ended September 30, 2007 and 2008,
respectively, representing 0.7, and 4.2 of the total fixed assets purchased in each period.
v INTI is also a major contractor and supplier of equipment, including construction and
installation services of Telkomsel. Purchases from INTI for the nine months period ended September 30, 2007 and 2008 amounted to Rp.83,544 million and Rp.21,422 million,
respectively, representing 0.7 and 0.2 of the total fixed assets purchased in each period.
vi Telkomsel has an agreement with PSN for the lease of PSN’s transmission link. Based on
the agreement, which was made on March 14, 2001, the minimum lease period is 2 years since the operation of the transmission link and is extendable subject to agreement by both
parties. The agreement was extended until March 13, 2011. The lease charges amounted to Rp.109,692 million and Rp.99,466 million for the nine months period ended
September 30, 2007 and 2008, respectively, representing 0.4 of the total operating expenses for each period.
vii The Company and its subsidiaries insured their property, plant and equipment against property losses, inventories and employees social security from Jasindo, PT Asuransi
Tenaga Kerja and Jiwasraya, state-owned insurance companies. Insurance premiums amounted to Rp.210,199 million and Rp.250,391 million for the nine months period ended
September 30, 2007 and 2008, respectively, representing 0.8 and 0.9 the total operating expenses for each period.
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued SEPTEMBER 30, 2007 AND 2008,
AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2007 AND 2008 Figures in tables are presented in millions of Rupiah, unless otherwise stated
94
44. RELATED PARTY TRANSACTIONS continued d. Others continued
viii The Company and its subsidiaries maintain current accounts and time deposits in several state-owned banks. In addition, some of these banks are appointed as collecting agents for
the Company. Total placements in the form of current accounts, time deposits and mutual funds in state-owned banks amounted to Rp.3,026,901 million and Rp.4,832,652 million as
of September 30, 2007 and 2008, respectively, representing 3.9 and 5.6 of the total assets as of September 30, 2007 and 2008, respectively. Interest income recognized for
the nine months period ended September 30, 2007 and 2008 amounted to Rp.206,188 million and Rp.193,485 million, representing 55 and 39, respectively, of
total interest income for each period.
ix The Company’s subsidiaries obtained loans from state-owned banks. Interest expense on
these loans for the nine months period ended September 30, 2007 and 2008 amounted to Rp.157,008 million and Rp.424,022 million, respectively, representing 14.7 and 42.3,
respectively, of the total interest expense for each period.
x The Company leases buildings, leases vehicles, purchases materials and construction
services, and utilizes maintenance and cleaning services of Kopegtel and PT Sandhy Putra Makmur “SPM”, a subsidiary of Yayasan Sandikara Putra Telkom - a foundation managed
by Dharma Wanita Telkom. Total charges from these transactions amounted to Rp.306,207 million and Rp.299,588 million for the nine months period ended September
30, 2007 and 2008, respectively, representing 1.2 and 1.1, respectively, of the total operating expenses for each period.
xi The Company and its subsidiaries earned interconnection revenues expenses from PSN,
with a total of Rp.1,071 million and Rp.1,717 million for the nine months period ended September 30, 2007 and 2008, respectively, representing 0.002 and 0.004,
respectively, of the total operating revenues for each period.
xii The Company has RSA with Kopegtel. Kopegtel’s share in revenues from these arrangements amounted to Rp.16,058 million and Rp.8,410 million for nine months period
ended September 30, 2007 and 2008, respectively, representing 0.04 and 0.02 of the total operating revenues for each period.
xiii Telkomsel has operating lease agreements with Patrakom and CSM for the use of their transmission link for 3 years, subject to extension. Lease charges amounted to
Rp.154,749 million and Rp.108,953 million for the nine months period ended September 30, 2007 and 2008, respectively, representing 0.6 and 0.4, respectively, of the total
operating expenses for each period.
xiv Koperasi Pegawai Telkomsel “Kisel” is a cooperative that was established by Telkomsel’s employees to engage in car rental services, printing and distribution of customer bills,
collection and other services principally for the benefit of Telkomsel. For these services, Kisel charged Telkomsel Rp.330,761 million and Rp.416,148 million for the nine months
period ended September 30, 2007 and 2008, respectively. Telkomsel also has dealership agreements with Kisel for distribution of SIM cards and pulse reload vouchers. Total SIM
cards and pulse reload vouchers which were sold to Kisel amounted to Rp.1,273,763 million and Rp.1,575,207 million for the nine months period ended
September 30, 2007 and 2008, respectively.
