PROPERTY AND EQUIPMENT FS English Q2 2016 FINAL
9. PROPERTY AND EQUIPMENT continued
a. Gain on disposal or sale of property and equipment 2016 2015 Proceeds from sale of property and equipment 210 177 Net book value 7 2 Gain on disposal or sale of property and equipment 203 175 b. Asset impairment As of December 31, 2015 and 2014, the CGUs that independently generate cash inflows were fixed wireline, fixed wireless, cellular and others. In 2014, the Group decided to cease its fixed wireless business no later than December 15, 2015. The Company assessed the recoverable amount to be Rp549 billion and determined that the assets for fixed wireless CGU were further impaired by Rp805 billion. The recoverable amount has been determined based on VIU calculation using the most recent cash flows projection approved by management. The cash flows projection included cash inflows from the continuing use of the assets during the remaining service period and projected net cash flows to be received for the disposal of the assets for fixed wireless CGU at the end of service period. Projected net cash flows to be received for the disposal of the assets was determined based on cost approach, adjusted for physical, technological and economic obsolescence. Management applied a pre-tax discount rate of 13.5 derived from the Company’s post -tax weighted average cost of capital and benchmarked to externally available data. In addition, management also applied technological and economic obsolescence rate of 30 based on the Company’s internal data, due to the lack of comparable market data because of the nature of the assets. The determination of VIU calculation is most sensitive to technological and economic obsolescence rate assumption. An increase in technological and economic obsolescence rate to 40 would result in a further impairment of Rp70 billion. Loss on impairment of a ssets was recognized within “Depreciation and Amortization” in the consolidated statement of profit or loss and other comprehensive income. In connection with the restructuring of fixed wireless business Note 35c.ii, the Company accelerated its depreciation of fixed wireless assets. As of December 31, 2015, all of the Company’s fixed wireless assets have been fully depreciated. Management believes that there is no indication of impairment in the assets of other CGUs as of December 31, 2015. 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 469. PROPERTY AND EQUIPMENT continued
Parts
» GENERAL a. Establishment and general information
» GENERAL continued a. Establishment and general information continued
» GENERAL continued b. FS English Q2 2016 FINAL
» Public offering of securities of the Company
» GENERAL continued c. Public offering of securities of the Company continued
» GENERAL continued FS English Q2 2016 FINAL
» GENERAL continued d. Subsidiaries continued
» Authorization for the issuance of the consolidated financial statements
» Principles of consolidation SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» Transactions with related parties
» Prepaid expenses SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued h. Inventories
» Intangible assets SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued h. Inventories
» Leases SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued l.
» Borrowings SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued n. Deferred charges - land rights
» Revenue and expense recognition
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued s. Employee benefits continued
» Income tax SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued s. Employee benefits continued
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued u. Financial instruments
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued u. Financial instruments continued
» Dividends SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued u. Financial instruments continued
» Basic earnings per share and earnings per ADS
» Provision SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued u. Financial instruments continued
» CASH AND CASH EQUIVALENTS continued
» OTHER CURRENT FINANCIAL ASSETS
» TRADE AND OTHER RECEIVABLES continued
» INVENTORIES FS English Q2 2016 FINAL
» ADVANCES AND PREPAID EXPENSES June 30, LONG-TERM INVESTMENTS
» LONG-TERM INVESTMENTS continued FS English Q2 2016 FINAL
» PROPERTY AND EQUIPMENT FS English Q2 2016 FINAL
» PROPERTY AND EQUIPMENT continued
» ADVANCES AND OTHER NON-CURRENT ASSETS
» INTANGIBLE ASSETS continued FS English Q2 2016 FINAL
» ACCRUED EXPENSES June 30, FS English Q2 2016 FINAL
» UNEARNED INCOME June 30, FS English Q2 2016 FINAL
» SHORT-TERM BANK LOANS AND CURRENT MATURITIES OF LONG-TERM BORROWINGS continued
» LONG-TERM BORROWINGS continued FS English Q2 2016 FINAL
» LONG-TERM BORROWINGS continued LONG-TERM BORROWINGS continued
» NON-CONTROLLING INTERESTS June, 30 2016 FS English Q2 2016 FINAL
» NON-CONTROLLING INTERESTS continued FS English Q2 2016 FINAL
» CAPITAL STOCK continued FS English Q2 2016 FINAL
» ADDITIONAL PAID-IN CAPITAL June 30,
» 2,542 ADDITIONAL PAID-IN CAPITAL continued
» TREASURY STOCK continued OTHER EQUITY RESERVES June 30,
» REVENUES 2016 FS English Q2 2016 FINAL
» OPERATION, MAINTENANCE AND TELECOMMUNICATION SERVICE EXPENSES
» GENERAL AND ADMINISTRATIVE EXPENSES TAXATION TAXATION continued
» TAXATION continued FS English Q2 2016 FINAL
» TAXATION continued TAXATION continued
» CASH DIVIDENDS AND GENERAL RESERVE
» Pension benefit costs PENSION AND OTHER POST-EMPLOYMENT BENEFITS continued
» PENSION AND OTHER POST-EMPLOYMENT BENEFITS continued a. Pension benefit costs continued
» PENSION AND OTHER POST-EMPLOYMENT BENEFITS continued b. Pension benefit costs continued
» Obligation under the Labor Law provisions
» Sensitivity Analysis PENSION AND OTHER POST-EMPLOYMENT BENEFITS continued e.
» 3.292 2016 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties
» 1,968 2016 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» 399 2016 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» 675 2016 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» 148 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» Cash and cash equivalents Note 3 13,956
» 15,028 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» b. Other current financial assets Note 4
» 1,104 Trade receivables - net Note 5 1,158
» d. Advances and prepaid expenses Note 7
» Advances and other non-current assets Note 10
» 2,075 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» 386 g. Accrued expenses Note 13
» h. Advances from customers and suppliers
» 97 Short-term bank loans Note 15
» Two-step loans Note 16a Long-term bank loans - net Note 16c
» 10,789 Significant agreements with related parties
» Key management personnel remuneration
» OPERATING SEGMENT continued FS English Q2 2016 FINAL
» Fixed line telephone tariffs
» Mobile cellular telephone tariffs
» Network lease tariffs TELECOMMUNICATIONS SERVICE TARIFFS continued c. Interconnection tariffs
» SIGNIFICANT COMMITMENTS AND AGREEMENTS a. Capital expenditures
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued a. Capital expenditures continued
» Others SIGNIFICANT COMMITMENTS AND AGREEMENTS continued b. Borrowings and other credit facilities
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued c. Others continued
» CONTINGENCIES FS English Q2 2016 FINAL
» CONTINGENCIES continued ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES
» ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES continued FINANCIAL RISK MANAGEMENT
» FINANCIAL RISK MANAGEMENT continued
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