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
69
21. BANK LOANS continued
Other significant information relating to bank loans as of December 31, 2014 is as follows continued:
Total Current
facility period
Interest Interest
in payment Payment
payment rate
Borrower Currency billions in billions schedule
period per annum Security
Bank CIMB Niaga continued September 9, 2011
GSD Rp
11 3.2
Monthly Monthly
9.75 Property
2011-2015 and
equipment Note 11 and
lease agreement
August 2, 2012
f
Balebat Rp
4 1
Monthly Monthly
13.00 Property
2012-2015 and
equipment Note 11,
inventories Note 7,
and trade
receivables Note 6
September 20, 2012
a
TLT Rp
1,150 -
Monthly Monthly
3 Months Property
2015-2030 JIBOR
and +3.45
equipment Note 11
September 20, 2012
a
TLT Rp
118 -
Monthly Monthly
9.00 Property
2015-2030 and
equipment Note 11
October 10, 2012
f
Balebat Rp
1 0.4
Monthly Monthly
13.00 Property
2012-2015 and
equipment Note 11,
inventories Note 7,
and trade
receivables Note 6
August 26, 2013
f
Balebat Rp
3.5 0.7
Monthly Monthly
13.00 Property
2013-2018 and
equipment Note 11,
inventories Note 7,
and trade
receivables Note 6
The Bank of Tokyo – Mitsubishi UFJ, Ltd.
October 9, 2014 Dayamitra
Rp 600
- Quarterly
Quarterly 3 months
Property 2016-2019
JIBOR+2.4 and
equipment Note 11 and
trade receivables
Note 6
The credit facilities obtained by the Group are used for working capital purposes.
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
70
21. BANK LOANS continued
a
As stated in the agreements, the Group is required to comply with all covenants or restrictions such as dividend distribution, obtaining new loans, including maintaining financial ratios. As of December 31, 2014, the Group has complied with all
covenants as restrictions.
b
Telkomsel has no collateral for its bank loans, or other credit facilities. The terms of the various agreements with Telkomsel’s lenders and financiers require compliance with a number of pledges and negative pledges as well as financial and other
covenants, which include, among other things, certain restrictions on the amount of dividends and other profit distributions which could adversely affect Telkomsel’s capacity to comply with its obligation under the facility. The terms of the relevant
agreements also contain default and cross default clauses. As of December 31, 2014, Telkomsel has complied with the above covenants.
c
Pursuant to the agreements with PT Ericsson Indonesia “Ericsson Indonesia” and Ericsson AB Note 41a.ii, Telkomsel entered into an EKN-Backed Facility Agreement “facility” with ABN Amro Bank N.V. Stockholm branch as “the original
lender” and Standard Chartered Bank as “the original lender” , “the arranger”, “the facility agent” and “the EKN agent”, and ABN Amro Bank N.V., Hong Kong as “the arranger” for the purchase of Ericsson telecommunication equipment and
services. The facilities consist of facility 1, 2, and 3 amounting to US117 million, US106 million, and US95 million, respectively. The availability period of facility 1, 2, and 3 expired in July 2010, March 2011 and November 2011, respectively.
In October 2011, EKN agreed to reduce the premium on the unused facility by US3 million through a cash refund.
d
In connection with the agreement with NSW-Fujitsu Consortium, the Company entered into a loan agreement with JBIC, the international arm of Japan Finance Corporation, for the purchase of NSW-Fujitsu Consortium telecommunication equipment
and services. The facilities consist of facility A and B amounting to US36 million and US24 million, respectively.
e
Based on the latest amendment on March 31, 2011
f
Based on the latest amendment on September 22, 2014
g
In connection with the agreement with NEC Corporation Consortium and TE SubCom, the Company entered into a loan agreement with JBIC, for the procurement of goods and services from NEC Corporation Consortium and TE SubCom for the
Southeast Asia Japan Cable System project. The facilities consist of facility A and facility B amounting to US18.8 million and US12.5 million, respectively
22. NON-CONTROLLING INTERESTS
2014 2013
Non-controlling interests in net assets of subsidiaries: Telkomsel
18,063 16,735
GSD 125
58 Metra
88 87
TII 42
- Patrakom
- 2
Total 18,318
16,882 2014
2013
Non-controlling interests in total comprehensive income loss of subsidiaries:
Telkomsel 6,790
6,071 Metra
22 20
TII 3
- Patrakom
- GSD
7 6
Total 6,808
6,085