PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
continued
DECEMBER 31, 2010 AUDITED AND MARCH 31, 2011 UNAUDITED AND THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011 UNAUDITED
Figures in tables are presented in millions of Rupiah, unless otherwise stated
74
25. CAPITAL STOCK
continued
March 31, 2011 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
52.47 2,580,118
The Bank of New York Mellon Corporation 2,902,195,696
14.75 725,549
Directors Note 1b: Ermady Dahlan
17,604 -
4 Indra Utoyo
5,508 -
1 Public individually less than 5
6,446,735,260 32.78
1,611,684 Total
19,669,424,780 100.00
4,917,356 Treasury stock Note 27
490,574,500 -
122,644
Total 20,159,999,280
100.00 5,040,000
The Company only issued 1 Series A Dwiwarna share which is held by the Government and cannot be transferred to any party, and has a veto in the General Meeting of Stockholders of the Company
with respect to election and removal of the Board of Commissioners and Directors, issuance of new shares and to amend the Company’s Articles of Association.
Series B shares give the same and equal rights to all the Series B stockholders.
26. ADDITIONAL PAID-IN CAPITAL December 31, March 31,
2010 2011
Proceeds from sale of 933,333,000 shares in excess of par value through IPO in 1995
1,446,666 1,446,666 Capitalization into 746,666,640 Series B shares in 1999
373,333 373,333
Total 1,073,333
1,073,333 27. TREASURY STOCK
The Company had repurchased the Series B shares phase I, II and III based on the AGM of Stockholders of the Company Note 1c and on the potential crisis market condition based on
BAPEPAM-LK Regulation No. XI.B.3 Attachment to the Decision of the Chairman of BAPEPAM-LK No. Kep-401BL2008 dated October 9, 2008.
As of December 31, 2010 and March 31, 2011, the Company has repurchased 490,574,500 of the Company’s issued and outstanding Series B shares, respectively, representing 2.43 of the
Company’s issued and outstanding Series B shares, for a total repurchase amount of Rp.4,264,073 million up to 2010 and 2011, respectively, including broker’s commissions and custodian fees.
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
continued
DECEMBER 31, 2010 AUDITED AND MARCH 31, 2011 UNAUDITED AND THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011 UNAUDITED
Figures in tables are presented in millions of Rupiah, unless otherwise stated
75
27. TREASURY STOCK
continued The Company has planned to retain, sell or use the treasury stock for other purposes in accordance
with BAPEPAM-LK Regulation No. XI.B.2 and under Law No. 402007 on Limited Liability Companies.
Pursuant to the AGM of Stockholders of the Company dated June 11, 2010, the stockholders approved the changes to the Company’s plan for used of the treasury stock as result of the Share
Buy Back I, II and III, as follows: i market placement; ii cancellation; iii equity conversion; and iv funding.
28. DIFFERENCE IN VALUE ARISING FROM RESTRUCTURING TRANSACTIONS AND OTHER TRANSACTIONS BETWEEN ENTITIES UNDER COMMON CONTROL
The balance of this account amounting to Rp.478,000 million arose from the early termination of the Company’s exclusive rights to provide local and domestic fixed line telecommunication services. As
discussed in Note 1a, on December 15, 2005, the Company signed an Agreement on Implementation of Compensation for Termination of Exclusive Rights with the State MoCI - DGPT, which was
amended on October 18, 2006. Pursuant to this agreement, the Government agreed to pay Rp.478,000 million, net of tax, to the Company over a five-year period. In addition, the Company is
required by the Government to use the funds received from this compensation for the development of telecommunication infrastructure. As of December 31, 2010 and March 31, 2011, the development of
the related infrastructure amounted to Rp.537,304 million respectively.
As of December 31, 2010 and March 31, 2011, the Company has received an aggregate of Rp.478,000
million, respectively, in relation to the compensation for the early
termination of exclusivity rights, made up of annual payments of Rp.90,000 million from 2005 to 2008 and Rp.118,000 million on August 25, 2009, respectively. The Company recorded these amounts in
“Difference in value arising from restructuring transactions and other transactions between entities under common control” in the Stockholders’ Equity section. These amounts are recorded as a
component of Stockholders’ Equity because the Government is the majority and controlling stockholder of the Company.
29. TELEPHONE REVENUES 2010
2011
Fixed lines Usage charges
2,377,753 2,046,020
Monthly subscription charges 849,342
786,546 Installation charges
23,115 35,507
Others 57,852
61,506 Total
3,308,062 2,929,579
