PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2012 AND FOR THE YEAR THEN ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2011 AND FOR THE YEAR THEN ENDED AND AS OF JANUARY 1, 2011
Figures in tables are presented in billions of Rupiah, unless otherwise stated
42
6. INVENTORIES continued
The inventories recognized as expense and included in operations, maintenance, and telecommunication services expenses Note 28 for the years ended December 31, 2012 and 2011
amounted to Rp633 billion and Rp818 billion, respectively. Management believes that the provision is adequate to cover losses from declines in inventory value
due to obsolescence. Certain inventories of the Company’s subsidiaries amounting to Rp49 billion have been pledged as
collateral for lending agreements Notes 16 and 20. As of December 31, 2012 and 2011, modules and components held by the Company and
subsidiaries have been insured against fire, theft, and other specific risks with total sum insured amounting to Rp275 billion and Rp235 billion, respectively.
Management believes that the insurance coverage is adequate to cover potential losses from the above risks.
7. ADVANCES AND PREPAID EXPENSES
2012 2011
Frequency license Notes 41c.i and 41c.iii 2,563
2,211 Prepaid rental
666 530
Salaries 165
201 Advances
120 184
Others each below Rp50 billion 207
168
Total 3,721
3,294
Refer to Note 37 for details of related party transactions. 8. ASSET HELD FOR SALE
This account represents the carrying amount of Telkomsel’s equipment to be exchanged with equipment of Nokia Siemens Network Oy “NSN Oy” and PT Huawei Tech Investment
“PT Huawei”. The equipment will be used as part of the settlement for the exchanges of equipment from these companies.
In 2012, Telkomsel’s equipment with net carrying amount of Rp791 billion were exchanged with the equipment of NSN Oy and PT Huawei Note 10d.vi. The cost of the acquired equipment is measured
at the aggregate of the carrying amount of the equipment given up and the amount of cash paid.
Asset held for sale is presented under personal segment Note 38.
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2012 AND FOR THE YEAR THEN ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2011 AND FOR THE YEAR THEN ENDED AND AS OF JANUARY 1, 2011
Figures in tables are presented in billions of Rupiah, unless otherwise stated
43
9. LONG-TERM INVESTMENTS
2012 Share of
net loss Percentage
profit of of
Beginning associated
Translation Ending
ownership balance Addition
company Dividend adjustment
balance Long-term
investments in associated
companies: Scicom
a
29.71 101
- 2
8 7
98 ILCS
b
49.00 -
49 1
- -
48 Patrakom
c
40.00 43
- 5
2 -
46 PT Melon Indonesia
“Melon”
d
51.00 44
- 2
- -
42 CSM
e
25.00 26
- 11
- 5
20 PSN
f
22.38 -
- -
- -
- Sub total
214 49
11 10
12 254
Other long-term investments 21
- -
- -
21
Total long-term investments 235
49 11
10 12
275 2012
Assets Liabilities
Revenue Profit loss
Long-term investments in associated companies:
Scicom
a
223 17
399 40
ILCS
b
104 7
1 3
Patrakom
c
218 102
226 12
Melon
d
89 7
10 4
CSM
e
1,168 905
403 44
PSN
f
590 1,512
292 1
Total 2,392
2,550 1,331
2 2011
Share of net loss
Percentage profit of
of Beginning associated
Translation Ending
ownership balance company Dividend adjustment balance
Long-term investments in associated companies:
Scicom
a
29.71 109
1 7
101 Melon
d
51.00 51
7 -
- 44
Patrakom
c
40.00 40
4 1
- 43
CSM
e
25.00 33
6 -
1 26
PSN
f
22.38 -
- -
- -
Sub total 233
10 8
1 214
Other long-term investments 21
- -
- 21
Total long-term investments 254
10 8
1 235
