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PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the Three Months Period Ended March 31, 2016 and 2015 unaudited
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
Table of Contents
38. FINANCIAL RISK MANAGEMENT continued
1. Fair value of financial assets and financial liabilities continued b. Fair
value continued
Fair value measurement at reporting date using
December 31, 2015 Carrying
amount Fair Value
Quoted prices in active markets
for identical assets or
liabilities level 1
Significant other observable
inputs level 2 Significant
unobservable inputs level 3
Financial assets
Available-for-sale securities 160
160 55
105 -
Fair value through profit or loss 172
172 -
- 172
Total 332
332 55
105 172
Financial liabilities for which fair value are disclosed
Liabilities Two-step loans
1.520 1.538
- -
1.538 Bonds and notes
9.548 9.541
8.972 -
569 Long-term bank loans
18.362 18.314
- -
18.314 Obligation under finance lease
4.580 4.580
- -
4.580
Total 34.010
33.973 8.972
- 25.001
Available-for-sale financial assets primarily consist of mutual funds, and Corporate and Government bonds. Corporate and Government bonds are stated at fair value by reference to
prices of similar securities at the reporting date. As they are not actively traded in an established market, these securities are classified as level 2.
Financial asset at fair value through profit or loss represents the Put Option on the 20 remaining ownership in Indonusa which was received as part of the divestment considerations.
Since the fair value is not observable and valuation technique is used to determine the fair value, this financial asset is classified as level 3.
Reconciliations of the beginning and ending balances for items measured at fair value using significant unobservable inputs level 3 as of March 31, 2016 and 2015 are as follows:
2016 2015
Beginning balance 172
290 Unrealized loss - recognized in consolidated
statement of profit or loss and other comprehensive income
- 118
Ending balance 172
172
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PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the Three Months Period Ended March 31, 2016 and 2015 unaudited
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
Table of Contents
38. FINANCIAL RISK MANAGEMENT continued
