TAXATION continued BASIC AND DILUTED EARNINGS PER SHARE
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the Year Then Ended
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
93
33. PENSION AND OTHER POST-EMPLOYMENT BENEFITS continued a. Prepaid pension benefit costs continued
The following table presents the changes in projected pension benefit obligations, changes in pension benefit plan assets, funded status of the pension plan and net amount recognized in the
consolidated statements of financial position for the years ended December 31, 2015 and 2014, on the defined benefit pension plan:
2014 2015
As restated Changes in projected pension benefit
obligations
Projected pension benefit obligations at beginning of year
17,402 14,883
Charged to profit or loss Service costs
218 188
Past service cost - plan amendment 55
204 Interest costs
1,445 1,348
Pension plan participants
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the Year Then Ended
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
94
33. PENSION AND OTHER POST-EMPLOYMENT BENEFITS continued a. Prepaid pension benefit costs continued
As of December 31, 2015 and 2014, pension plan assets mainly consisted of :
2015 2014
Quoted in Quoted in
active market Unquoted active market
Unquoted
Cash and cash equivalent 1,335
- 2,476
-
Equity instruments finance
1,153 -
1,137 -
Consumer goods 953
- 796
- Infrastructure, utilities and
transportation 637
- 724
- Construction, property and real estate
573 -
508 -
Basic industry and chemical 163
- 409
- Trading, service and investment
183 -
269 -
Mining 45
- 142
- Agriculture
29 -
62 -
Miscellaneous industries 240
- 325
- Equity-based mutual fund
1,120 -
1,172 -
Fixed income instruments Corporate bonds
- 3,587
- 3,351
Government bonds 7,257
- 6,526
451 Non-public equity
Direct placement -
163 -
153 Property
- 156
- 153
Others -
240 -
275
Total 13,688
4,146 14,546
4,383
Pension plan assets also include Series B shares issued by the Company with fair values totalling Rp445 billion and Rp348 billion, representing 2.49 and 1.84 of total plan assets as of
December 31, 2015 and 2014, respectively, and bonds issued by the Company with fair value totalling
Rp464 billion and Rp151 billion representing 2.60 and 0.80 of total assets as of December 31, 2015 and 2014, respectively.
The expected return is determined based on market expectation for returns over the entire life of the obligation by considering the portfolio mix of the plan assets. The actual return on plan assets
was Rp332 billion and Rp2,817 billion for the year ended December 31, 2015 and 2014, respectively. Based on the Company