PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2014 and for the Year Then Ended
Figures in tables are expressedin billions of Rupiah, unless otherwise stated
112
Total 750
209
41. SIGNIFICANT COMMITMENTS AND AGREEMENTS continued
b. Borrowings and other credit facilities continued
ii Telkomsel has a US3 million bond and bank guarantee and standby letter of credit facilities with SCB, Jakarta. The facilities will expire on July 31, 2015. Under these facilities, as of
December 31, 2014, Telkomsel has issued a bank guarantee of Rp20 billion equivalent to US1.6 million for a 3G performance bond Note 41c.i. The bank guarantee is valid until
March 24, 2015.
Telkomsel has a Rp500 billion bank guarantee facilitiy with BRI. The facility will expire on March 25, 2016. Under this facility, as of December 31, 2014, Telkomsel has issued a bank
guarantee of Rp177 billion equivalent to US14.2 million as payment commitment guarantee for annual right of usage fee valid until March 31, 2015.
Telkomsel has a Rp150 billion bank guarantee facility with BCA. The facility will expire on April 15, 2015. Under this facility, as of December 31, 2014, Telkomsel has issued a bank
guarantee of Rp20 billion equivalent to US1.6 million as a 3G performance bond Note 41c.i.
Telkomsel has also a Rp100 billion bank guarantee facility with BNI. The facility will expire on December 11, 2015. Telkomsel uses this facility to replace the time deposit required as
guaranty for the USO program amounting to Rp53 billion Note 41c.v.
iii TII has a US15 million bank guarantee from Bank Mandiri. The facility expires on December 18, 2015. The outstanding bank guarantee facility as of December 31, 2014
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.
4. Construct a 3G network which covers at least 14 provinces by the sixth year of holding the 3G license.
5. Issue a performance bond each year amounting to Rp20 billion or 5 of the annual fee to be paid for the subsequent year, whichever is higher.
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2014 and for the Year Then Ended
Figures in tables are expressedin billions of Rupiah, unless otherwise stated
113
41. SIGNIFICANT COMMITMENTS AND AGREEMENTS continued c. Others continued
ii Radio Frequency Usage Based on the Decree No. 76 dated December 15, 2010 of the Government of the Republic of
Indonesia, which amended Decree No. 7 dated January 16, 2009, the annual frequency usage fees for bandwidths of 800 Megahertz “MHz”, 900 MHz and 1800 MHz are
determined using a formula set forth in the Decree. The Decree is applicable for 5 years unless further amended.
As an implementation of the above Decree, the Company and Telkomsel paid the first, second and third year annual frequency usage fees in 2010, 2011 and 2012, respectively.
Based on Decision Letters No. 881 dated September 10, 2013 and No. 884 dated September 10, 2013, the MoCI determined that the fourth year Y
4
, 2013, annual frequency usage fees of the Company and Telkomsel were Rp213 billion and Rp1,649 billion, respectively. The fees
were paid in December 2013 Note 2i. On June 27, 2014, the Company signed a Conditional Business Transfer Agreement with
Telkomsel for transferring Flexi business. In order to maximize its business opportunities from group synergy, the Company intended to restructure its Flexi business unit by ceasing the
respective fixed wireless telecommunication network services and transferring it to Telkomsel Note 5.
Based on Decision Letter No. 934 dated September 26, 2014, the MoCI approved the transfer of the Company’s frequency usage license on radio frequency spectrum of 800 MHz,
specifically on spectrum of 880-887.5 MHz paired with 925-932.5 MHz, to Telkomsel, Telkomsel can use the radio frequency spectrum since the decision letter was issued.
During the transition period, the Company is still able to use the radio frequency spectrum of 880-887.5 MHz paired with 925-932.5 MHz until December 31, 2014.
Based on Decision Letters No. 940 dated September 26, 2014, MoCI determined that the fifth year Y5, 2014, annual frequency usage fee of Telkomsel was Rp2,198 billion. The fee
includes frequency usage fee transferred from Company to Telkomsel and were paid in December 2014.
iii Apple, Inc On January 9 and July 16, 2009, Telkomsel entered into agreements with Apple, Inc for the
purchase of iPhone products, marketing it to customers using third parties PT Trikomsel OKE and PT Mitra Telekomunikasi Selular and providing cellular network services over a 3-year
term. Subsequently, on July 16, 2012, Telkomsel replaced the agreements with a new agreement. Cumulative minimum iPhone units to be purchased up to June 2015 are at least
500,000 units.
iv Future Minimum Lease Payments of Operating Lease The Group entered into non-cancelable lease agreements with both third and related parties.
The lease agreements cover leased lines, telecommunication equipment and land and building with terms ranging from 1 to 10 years and with expiry dates between 2015 and 2024.
