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
65
20. BANK LOANS continued
The credit facilities obtained by the Company and subsidiaries are used for working capital purposes.
a
As stated in the agreements, the Company and subsidiaries are required to comply with all covenants or restrictions such as dividend distribution restrictions, new loans restriction, including maintaining financial ratios. As of Marchr 31, 2013, the
Company and subsidiaries 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 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, 2013, Telkomsel 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 41a.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 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 the 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, respectively.
f
Based on the latest amendment on March 31, 2011.
g
Based on the latest amendment on October 10, 2012.
h
In March 2013, bank loan was fully repaid by Sigma through refinancing with BNI.
i
Based on the latest amendment on October 16, 2012, loan was required to be repaid by Indonusa on April 24, 2013.
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
66
21. NON-CONTROLLING INTEREST Juni 30,
December 31, 2013
2012
Non-controlling interest in net assets of subsidiaries: Telkomsel
13,667 15,340
Metra 63
66 GSD
53 31
Total 13,783
15,437 2013
2012
Non-controlling interest in total comprehensive income loss of subsidiaries:
Telkomsel 3,002
2,551 Metra
8 10
GSD 2
Total 3,008
2,561
The amounts represent other third parties share of ownership in subsidiaries of Metra and GSD.
22. CAPITAL STOCK
June 30, 2013 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 53.73
2,580 The Bank of New York Mellon Corporation
1,938,824,116 10.09
485 Directors Note 1b:
Indra Utoyo 5,508
- Priyantono Rudito
108 -
Sukardi Silalahi 108
- Public individually less than 5
6,949,579,668 36.18
1,737 Total
19,208,880,220 100.00
4,802 Treasury stock Note 24
951,119,060 -
238
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.
