PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2015 and for the Six Months Period Then Ended Unaudited
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
47
6. TRADE RECEIVABLES continued
b. By age continued ii Third parties
December 31, June 30,
2014 2015
Restated
Up to 3 months 5,535
5,287 More than 3 months
4,956 3,531
Total 10,491
8,818 Provision for impairment of receivables
3,120 2,694
Net 7,371
6,124
iii Aging of total trade receivables
December 31, June 30,
2014 2015
Restated
Provision for Provision for
impairment impairment
Gross of receivables
Gross of receivables
Not past due 3,645
53 3,595
127 Past due up to 3 months
2,515 161
2,294 262
Past due more than 3 to 6 months 1,250
343 645
321 Past due more than 6 months
4,473 3,010
3,559 2,386
Total 11,883
3,567 10,093
3,096
The Group has made provision for impairment of trade receivables based on the collective assessment of historical impairment rates and individual assessment of its customers
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2015 and for the Six Months Period Then Ended Unaudited
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
48
6. TRADE RECEIVABLES continued
c. By currency continued ii Third parties
December 31, June 30,
2014 2015
Restated
Rupiah 9,453
7,730 U.S. dollar
1,001 1,053
Australian dollar 36
31 Euro
3 Hong Kong dollar
1 1
MOP -
Total 10,491
8,818 Provision for impairment of receivables
3,120 2,694
Net 7,371
6,124
d. Movements in the provision for impairment of receivables
December 31, June 30,
2014 2015
Restated
Beginning balance 3,096
2,872 Provision recognized during the year Note 29
471 784
Receivables written-off -
560
Ending balance 3,567
3,096
The receivables written off relate to both related party and third party trade receivables. Management believes that the provision for impairment of trade receivables is adequate to cover
losses on uncollectible receivables. As of June 30, 2015, certain trade receivables of the subsidiaries amounting to Rp2,571
billion have been pledged as collateral under lending agreements Notes 16, 19 and 20. Refer to Note 36 for details of related party transactions.
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2015 and for the Six Months Period Then Ended Unaudited
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
49
7. INVENTORIES June 30,
December 31, 2015
2014
Components 310
279 SIM cards, RUIM cards, set top boxes, and
blank prepaid vouchers 150
105 Others
163 133
Total 623
517 Provision for obsolescence
Components 13
15 SIM cards, RUIM cards, set top boxes, and
blank prepaid vouchers 27
28 Others
Total 40
43
Net 583
474
Movements in the provision for obsolescence are as follows:
June 30, December 31,
2015 2014
Beginning balance 43
22 Provision recognized during the year
1 39
Inventory write off 4
18
Ending balance 40
43
The inventories recognized as expense and included in operations, maintenance, and telecommunication service expenses as of June 30, 2015 and December 31, 2014 amounted to
Rp984 billion and Rp1,031 billion, respectively Note 27. Management believes that the provision is adequate to cover losses from declines in inventory value
due to obsolescence. Certain inventories of the Company
