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
58
19. BANK LOANS continued
Total facility
Interest Interest
in Payment
payment rate
Borrower Currency billions schedule period
per annum Security
Bank Ekonomi continued
February 23, 2011
ah
Sigma US
0.002 Monthly
Monthly 6.00
Property, 2011 - 2015
plants and equipments
Note 9, and trade
receivables Note 4
The credit facilities obtained by the Company and its subsidiaries are used for working capital purpose.
a
As stated in the agreements, the Company and its subsidiaries are required to comply with all covenants or restrictions including maintaining financial ratios as follows. As of June 30, 2012, the Company and its subsidiaries has complied with
the ratios.
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 the 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 June 30, 2012, Telkomsel has complied with the above covenants.
c
In January 2012, the availability periods of facilities from BCA and Bank Mandiri expired.
d
Pursuant to the agreements with PT Ericsson Indonesia “Ericsson Indonesia” and Ericsson AB Note 40a.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 “SCB” as “the original lender” , “the arranger”, “the facility agent” and “the EKN agent”, 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 premium of the unused facility by US3 million through a cash refund.
e
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.
f
Based on the latest amendment on March 31, 2011.
g
Based on the latest amendment on May 25, 2011.
h
Based on the latest amendment on November 23, 2011.
i
In Juny 2012, loan was fully repaid by Sigma.
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
59
20. NON-CONTROLLING INTEREST June 30,
December 31, 2012
2011
Non-controlling interest in net assets of subsidiaries: Telkomsel
12,391 13,430
Metra 34
33 GSD
9 -
Infomedia -
8
Total 12,434
13,471 2012
2011
Non-controlling interest in total comprehensive income of subsidiaries:
Telkomsel 2,551
2,091 Metra
10 5
GSD -
Infomedia -
1
Total 2,561
2,097
The amounts represent other third parties’ share of ownership in subsidiaries of Metra, Infomedia and GSD. See Note 1d.c
21. CAPITAL STOCK
June 30, 2012 Number of Percentage
Total Description
shares of ownership paid-up capital
Series A Dwiwarna share Government
1 -
- Series B shares
Government 10,320,470,711
53.80 2,580
The Bank of New York Mellon Corporation 2,648,351,656
13.80 662
Directors Note 1b: Indra Utoyo
5,508 -
- Priyantono Rudito
108 -
- Sukardi Silalahi
108 -
- Public individually less than 5
6,215,446,728 32.40
1,554 Total
19,184,274,820 100.00
4,796 Treasury stock Note 23
975,724,460 -
244
Total 20,159,999,280
100.00 5,040
The Bank of New York Mellon Corporation serves as the Depositary of registered ADS holders for the Company’s ADSs.
