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
43
6. TRADE RECEIVABLES continued
b. By age i Related parties
December 31, March 31, 2010
2011
Up to 6 months 559,699
815,095 7 to 12 months
157,534 245,312
More than 12 months 214,076
152,856 Total
931,309 1,213,263
Allowance for doubtful accounts 151,266
88,897
Net 780,043
1,124,366
ii Third parties
December 31, March 31, 2010
2011
Up to 3 months 3,148,973
3,450,188 More than 3 months
1,708,771 1,622,045
Total 4,857,744
5,072,233 Allowance for doubtful accounts
1,294,078 1,461,089
Net 3,563,666
3,611,144
c. By currency i Related parties
December 31, March 31, 2010
2011
Rupiah 902,875
1,191,563 U.S. Dollars
28,434 21,700
Total 931,309
1,213,263 Allowance for doubtful accounts
151,266 88,897
Net 780,043
1,124,366
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
44
6. TRADE RECEIVABLES continued
c. By currency continued ii Third parties
December 31, March 31, 2010
2011
Rupiah 4,143,578
4,367,635 U.S. Dollars
712,758 703,184
Euro 1,408
1,414 Total
4,857,744 5,072,233
Allowance for doubtful accounts 1,294,078
1,461,089
Net 3,563,666
3,611,144
d. Movements in the allowance for doubtful accounts
December 31, March 31, 2010
2011
Beginning balance 1,273,550
1,445,344 Adjustment in relation to implementation of
PSAK No. 55 Revised 2006 Note 2s 91,237
- Additions Note 36
509,415 175,731
Bad debts write-off 428,858
71,089
Ending balance 1,445,344
1,549,986
Bad debts write-off are write-off for third party’s trade receivables. Management believes that the allowance for doubtful accounts is adequate to cover losses on
non-collection of the accounts receivable. Certain trade receivables of the Company’s subsidiaries have been pledged as collateral for
lending agreements Notes 18 and 22. Refer to Note 44 for details of related party transactions.
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
45
7. INVENTORIES December 31, March 31,
2010 2011
Modules 292,924
297,433 Components
158,479 199,647
SIM cards, RUIM cards, set top box and prepaid voucher blanks 147,419
143,787 Total
598,822 640,867
Allowance for obsolescence Modules
76,264 80,693
Components 6,937
6,952 SIM cards, RUIM cards, set top box and prepaid voucher
blanks 85
85 Total
83,286 87,730
Net 515,536
553,137
Movements in the allowance for obsolescence are as follows:
December 31, March 31, 2010
2011
Beginning balance 72,174
83,286 Additions Note 36
15,345 4,444
Inventories write-off 4,233
-
Ending balance 83,286
87,730
Components and modules represent telephone terminals, cables, transmission installation spare parts and other spare parts.
Management believes that the allowance is adequate to cover losses from decline in inventory value due to obsolescence.
Certain inventories of the Company’s subsidiaries have been pledged as collateral for lending agreements Notes 18 and 22.
As of December 31, 2010 and March 31, 2011, modules and components held by the Company have been insured against fire, theft and other specific risks with the total sum insured as of December 31,
2010 and March 31, 2011 is amounting to Rp.128,367 million and Rp.218,237 million, respectively Note 44d.vii.
Modules and components held by a certain subsidiary have been insured against all industrial risks and loss risk during delivery with the total sum insured as of December 31, 2010 and March 31, 2011
amounting to Rp.15,406 million, respectively. Management believes that the insurance coverage is adequate to cover potential losses of the
insured inventories.
