PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2010 AUDITED AND SEPTEMBER 30, 2011 UNAUDITED AND
NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2010 AND 2011 UNAUDITED Figures in tables are presented in millions of Rupiah, unless otherwise stated
100
43. POST-RETIREMENT HEALTH CARE BENEFITS
The Company provides a post-retirement health care plan to all of its employees hired before November 1, 1995 who have worked for the Company for 20 years or more when they retire, and to
their eligible dependents. The requirement to work for 20 years does not apply to employees who retired prior to June 3, 1995. The employees hired by the Company starting from November 1, 1995
no longer are entitled to this plan. The plan is managed by Yayasan Kesehatan Pegawai Telkom “Yakes”.
The defined contribution post retirement health care plan is provided to employees hired with permanent status on or after November 1, 1995 or employees with terms of service less than 20
years on the time of retirement. The Company’s contribution amounted to Rp.20,117 million and Rp.19,047 million for the year ended December 31, 2010 and nine months period ended September
30, 2011, respectively.
The following table presents the change in the projected benefits obligation, change in plan assets, funded status of the plan and net amount recognized in the Company’s consolidated statement of
financial positions as of December 31, 2010 and September 30, 2011:
December 31, September 30, 2010
2011 Change in projected benefits obligation
Projected benefits obligation at beginning of year 7,165,974
8,741,111 Service costs
83,921 31,967
Interest costs 744,551
613,418 Actuarial gains losses
1,034,589 474,853
Expected post-retirement health care paid 287,924
197,606 Projected benefits obligation at end of year
8,741,111 8,714,037
Change in plan assets Fair value of plan assets at beginning of year
6,022,263 8,005,054
Expected return on plan assets 589,530
495,883 Employer’s contributions
990,688 252,506
Actuarial losses gains 690,497
474,853 Expected post-retirement health care paid
287,924 197,606
Fair value of plan assets at end of year 8,005,054
8,080,984 Funded status
736,057 633,053
Unrecognized net actuarial gains 313,973
313,973
Accrued post-retirement health care benefits costs 1,050,030
947,026
The actual return on plan assets was Rp.1,280,027 million and Rp.385,659 million for the year ended December 31, 2010 and nine months period ended September 30, 2011, respectively.
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2010 AUDITED AND SEPTEMBER 30, 2011 UNAUDITED AND
NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2010 AND 2011 UNAUDITED Figures in tables are presented in millions of Rupiah, unless otherwise stated
101
43. POST-RETIREMENT HEALTH CARE BENEFITS continued The components of net periodic post-retirement health care benefits cost are as follows:
December 31, September 30, 2010
2011
Service costs 83,921
31,967 Interest costs
744,551 613,418
Expected return on plan assets 589,530
495,883 Net periodic post-retirement benefits costs
238,942 149,502
Amounts charged to subsidiaries under contractual agreements
688 507
Total net periodic post-retirement health care benefits costs less amounts charged to subsidiaries Note 34
238,254 148,995
As of December 31, 2010 and September 30, 2011 , plan assets included the Company’s Series B shares with total fair value of Rp.34,419 million and Rp.43,554 million, respectively.
The movements of the accrued post-retirement health care benefits costs for the years ended December 31, 2010 and nine months period ended September 30, 2011, are as follows:
December 31, September 30, 2010
2011
Accrued post-retirement health care benefits costs at beginning of year
1,801,776 1,050,030
Net periodic post-retirement health care benefits costs less amounts charged to subsidiaries Note 34
238,254 148,995
Amounts charged to subsidiaries under contractual agreements
688 507
Employer’s contributions 990,688
252,506
Accrued post-retirement health care benefits costs at end of year
1,050,030 947,026
The actuarial valuation for the post-retirement health care benefits was performed based on the measurement date as of December 31, 2009 and 2010, with reports dated March 30, 2010 and
March 15, 2011, respectively, by TWP, an independent actuary in association with TW. The principal actuarial assumptions used by the independent actuary as of December 31, 2009 and
2010, are as follows:
