PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of September 30, 2014 and for the Nine months Period Then Ended unaudited
Figures in tables are expressed in billions of rupiah, unless otherwise stated
69
21. BANK LOANS continued
Total facility Current
Interest Interest
in period Payment payment
rate Borrower Currency billions payment schedule period
per annum Security
Bank CIMB Niaga continued September 9, 2011
GSD Rp 11
2 Monthly
Monthly 11.00
Property 2011-2015
and Note 11 and
lease equipment
agreement August 2, 2012
g
Balebat Rp
4 0.9
Monthly Monthly
11.00 Property
2012-2015 and
equipment Note 11,
inventories Note 7,
and trade
receivables Note 6
September 20, 2012
a
TLT Rp
1,150 -
Monthly Monthly
3 Month Property
2015-2030 JIBOR
and +3.45 equipment
Note 11 September 20, 2012
a
TLT Rp
118 -
Monthly Monthly
11.00 Property
2015-2030 and
equipment Note 11
October 10, 2012
g
Balebat Rp
1 0.3
Monthly Monthly
11.00 Property
2012-2015 and
equipment Note 11,
inventories Note 7,
and trade
receivables Note 6
August 26, 2013 Balebat
Rp 3.5
0.5 Monthly
Monthly 11.00
Property 2013-2018
and equipment
Note 11, inventories
Note 7, and
trade receivables
Note 6
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 on dividend distribution, obtaining new loans, including maintaining financial ratios. As of September 30, 2014, the Company
and subsidiaries have complied with the ratios.
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of September 30, 2014 and for the Nine months Period Then Ended unaudited
Figures in tables are expressed in billions of rupiah, unless otherwise stated
70
21. BANK LOANS continued
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 September 30, 2014, Telkomsel has complied with the above covenants.
c
In January 2012, the availability periods of the 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”, and 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 on 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 in 2013
h
In August 2013, the bank loan was rescheduled up to February 2015
i
In connection with the agreement with NEC Corporation Consortium and TE SubCom, the Company entered into a loan agreement with JBIC, for the procurement of goods and services from NEC Corporation Consortium and TE SubCom for the
Southeast Asia Japan Cable System project. The facilities consist of facility A and facility B amounting to US18.8 million and US12.5 million, respectively
22. NON-CONTROLLING INTERESTS September 30, December 31,
2014 2013
Non-controlling interests in net assets of subsidiaries: Telkomsel
16,094 16,735
Metra 84
87 GSD
108 58
Patrakom -
2
Total 16,286
16,882 2014
2013
Non-controlling interests in total comprehensive income loss of subsidiaries:
Telkomsel 4,822
4,566 Metra
17 13
Patrakom -
Napsindo -
4 GSD
5 4
Total 4,834
4,571
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of September 30, 2014 and for the Nine months Period Then Ended unaudited
Figures in tables are expressed in billions of rupiah, unless otherwise stated
71
23. CAPITAL STOCK
September 30, 2014 Number of Percentage
Total Description
shares of ownership paid-up capital
Series A Dwiwarna share Government
1 -
Series B shares Government
51,602,353,559 52.56
2,580 The Bank of New York Mellon Corporation
9,587,633,980 9.77
479 Directors Note 1b:
Indra Utoyo 27,540
- Honesti Basyir
540 -
Priyantono Rudito 540
- Sukardi Silalahi
540 -
Public individually less than 5 36,985,836,900
37.67 1,850
Total 98,175,853,600
100.00 4,909
Treasury stock Note 25 2,624,142,800
- 131
Total 100,799,996,400
100.00 5,040
December 31, 2013 Number of Percentage
Total Description
shares of ownership paid-up capital
Series A Dwiwarna share Government
1 -
Series B shares Government
51,602,353,559 53.14
2,580 The Bank of New York Mellon Corporation
10,031,129,780 10.33
502 Directors Note 1b:
Indra Utoyo 27,540
- Honesti Basyir
540 -
Priyantono Rudito 540
- Sukardi Silalahi
540 -
Public individually less than 5 35,467,341,100
36.53 1,773
Total 97,100,853,600
100.00 4,855
Treasury stock Note 25 3,699,142,800
- 185
Total 100,799,996,400
100.00 5,040
The Bank of New York Mellon Corporation serves as the Depositary of registered ADS holders for the Company’s ADSs.
The Company issued only 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 from the Boards of Commissioners and Directors, issuance of new shares, and amendments of the Company’s Articles of Association.