PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2013 UNAUDITED AND FOR SIX MONTHS PERIOD ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2012 AUDITED AND FOR SIX MONTHS PERIOD ENDED JUNE 30, 2012 UNAUDITED
Figures in tables are presented in billions of Rupiah, unless otherwise stated
58
17. CURRENT MATURITIES OF LONG-TERM LIABILITIES continued
b. Long-term portion Scheduled principal payments as of June 30, 2013 are as follows:
Year Notes
Total 2014
2015 2016
2017 Thereafter
Bank loans 20
6,730 1,739
2,745 978
820 448
Bonds and notes 19
3,111 80
1,036 -
1,995 Two-step loans
18 1,609
96 193
196 198
926 Obligations under finance leases
10 2,754
246 361
345 359
1,443
Total 14,204
2,161 4,335
1,519 1,377
4,812 18. TWO-STEP LOANS
Two-step loans are unsecured loans obtained by the Government which are then re-loaned to the Company. The loans entered into up to July 1994 were recorded and payable in Rupiah based on the
exchange rate at the date of drawdown. Loans entered into after July 1994 are payable in their original currencies and any resulting foreign exchange gain or loss is borne by the Company.
June 30, 2013 December 31, 2012
Outstanding Outstanding
Original Original
currency Rupiah
currency Rupiah
Lenders Currency
in millions equivalent
in millions equivalent
Overseas banks Yen
8,831 886
9,215 1,031
Rp 542
- 574
US 37
371 40
382 Total
1,799 1,987
Current maturities Note 17a 190
196
Long-term portion Note 17b 1,609
1,791 Interest
Interest Payment
payment rate
Lenders Currency
schedule period
per annum
Overseas banks US
Semi-annually Semi-annually
4.00 Rp
Semi-annually Semi-annually
6.75 Yen
Semi-annually Semi-annually
3.10
The loans are intended for the development of telecommunications infrastructure and supporting telecommunication equipment. The loans are payable in semi-annual installments and are due on
various dates through 2024.
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2013 UNAUDITED AND FOR SIX MONTHS PERIOD ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2012 AUDITED AND FOR SIX MONTHS PERIOD ENDED JUNE 30, 2012 UNAUDITED
Figures in tables are presented in billions of Rupiah, unless otherwise stated
59
18. TWO-STEP LOANS continued
Since 2008, the Company has used all facilities under the two-step loans program and the drawdown period for the two-step loans has expired.
The Company is required to maintain financial ratios as follows: a. Projected net revenue to projected debt service ratio should exceed 1.2:1 for the two-step loans
originating from Asian Development Bank ADB . b. Internal financing earnings before depreciation and finance costs should exceed 20 compared
to annual average capital expenditures for loans originating from ADB. As of June 30, 2013, the Company complied with the above mentioned ratios.
Refer to Note 37 for details of related party transactions.
19. BONDS AND NOTES
June 30, 2013 December 31, 2012
Outstanding Outstanding
Original Original
currency Rupiah
currency Rupiah
Bonds and notes Currency
in millions equivalent
in millions equivalent
Bonds Series A
Rp -
1,005 -
1,005 Series B
Rp -
1,995 -
1,995 Medium Term Notes MTN
PT Finnet Indonesia Finnet Rp
- -
8 -
8 Promissory Notes
PT Huawei US
29 291
46 445
PT ZTE Indonesia ZTE US
16 155
22 216
Total 3,446
3,669 Current maturities Note 17a
335 440
Long-term portion Note 17b 3,111
3,229
a. Bonds
Interest Interest
Listed Issuance
Maturity payment
rate Bonds
Principal Issuer
on date
date period
per annum
Series A 1,005
The Company IDX
June 25, 2010 July 6, 2015
Quarterly 9.60
Series B 1,995
The Company IDX
June 25, 2010 July 6, 2020
Quarterly 10.20
Total 3,000
The bonds are secured by all of the Company s assets, movable or non-movable, either existing or in the future Note 10c.x. The underwriters of the bonds are Bahana, PT Danareksa Sekuritas
and PT Mandiri Sekuritas and the trustee is PT CIMB Niaga Tbk.
The Company received the proceeds of the issuance of bonds on July 6, 2010.