PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued JUNE 30, 2012 UNAUDITED AND DECEMBER 31, 2011 AUDITED
AND SIX MONTHS PERIOD ENDED JUNE 30, 2012 AND 2011 UNAUDITED Figures in tables are presented in billions of Rupiah, unless otherwise stated
81
35. 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.18 billion and Rp.19 billion for six months period ended June 30, 2012 and the year ended December 31, 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 June 30, 2012 and December 31, 2011:
June 30, December 31,
2012 2011
Change in projected benefits obligation
Projected benefits obligation at beginning of year 10,547
8,741 Service costs
28 43
Interest costs 377
818 Actuarial losses
58 1,208
Expected post-retirement health care paid 135
263 Projected benefits obligation at end of period
10,875 10,547
Change in plan assets
Fair value of plan assets at beginning of year 8,986
8,005 Expected return on plan assets
360 662
Employer’s contributions 179
361 Actuarial gains
58 222
Expected post-retirement health care paid 135
264 Fair value of plan assets at end of period
9,448 8,986
Funded status 1,427
1,561 Unrecognized net actuarial losses gains
673 673
Post-retirement health care benefits costs provisions 754
888
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued JUNE 30, 2012 UNAUDITED AND DECEMBER 31, 2011 AUDITED
AND SIX MONTHS PERIOD ENDED JUNE 30, 2012 AND 2011 UNAUDITED Figures in tables are presented in billions of Rupiah, unless otherwise stated
82
35. POST-RETIREMENT HEALTH CARE BENEFITS continued
As of June 30, 2012 and December 31, 2011, plan assets consisted of:
June 30, December 31,
2012 2011
Mutual funds 82.31
84.64 Time deposits
9.97 8.38
Equity securities 7.41
6.79 Others
0.31 0.19
Total assets 100.00
100.00
Yakes plan assets also include Series B shares issued by the Company with fair value totaling Rp.29 billion and Rp.24 billion representing 0,30 and 0,27 of total assets as of June 30, 2012 and
December 31, 2011 respectively. The actual return on plan assets was Rp.304 billion and Rp.884 billion for six months period ended
June 30, 2012 and the years ended December 31, 2011, respectively. The components of net periodic post-retirement health care benefits cost are as follows:
June 30, December 31,
2012 2011
Service costs 28
43 Interest costs
377 818
Expected return on plan assets 360
662 Net periodic post-retirement benefits costs
45 199
Amounts charged to subsidiaries under contractual agreements
Total net periodic post-retirement health care benefits costs less amounts charged to subsidiaries Note 26
45 199
The movements of the post-retirement health care benefits costs provisions for six months period ended June 30, 2012 and the year ended December 31, 2011, are as follows:
June 30, December 31,
2012 2011
Post-retirement health care benefits costs provisions at beginning of year
888 1,050
Net periodic post-retirement health care benefits costs less amounts charged to subsidiaries Note 27
45 199
Amounts charged to subsidiaries under contractual agreements
Employer’s contributions 179
361
Post-retirement health care benefits costs provisions at end of period
754 888
