PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued JUNE 30, 2009 AND 2010
SIX MONTHS PERIOD ENDED JUNE 30, 2009 AND 2010 Figures in tables are presented in millions of Rupiah, unless otherwise stated
53
19. SHORT-TERM BANK LOANS
a. Bank Ekonomi On October 14, 2008, Sigma entered into a Rp.7,500 million short-term loan agreement with
Bank Ekonomi for working capital purpose. The loan bore floating interest rate from 13.50 per annum to 15.50 per annum and repayable within 9 months from the signing date to
July 15, 2009. This facility was secured by Sigma’s trade receivables Note 6. As of June 30, 2009, the principal outstanding amounted to Rp.7,500 million and on July 2, 2009 the loan was
fully repaid.
On December 2, 2008, Sigma entered into a Rp.5,500 million short-term loan agreement with Bank Ekonomi for working capital purpose. The loan bore a floating interest rate from 12.50 per
annum to 15.50 per annum and repayable within 12 months from the signing date to December 2, 2009. This facility was secured by Sigma’s trade receivables Note 6. As of June
30, 2009 the principal outstanding amounted to Rp.5,500 million and on October 9, 2009 the loan was fully repaid.
On February 11, 2009, Sigma entered into a US550,000 short-term loan agreement with Bank Ekonomi for working capital purpose. The loan bears interest rate of 6 per annum and is
repayable within 3 months from the signing date to June 23, 2010. The agreement is extended up to June 13, 2011. This facility is secured by Sigma’s trade receivables Note 6. As of June 30,
2009 and 2010, the principal outstanding amounted to US550,000 equivalent to Rp.5,618 million and US187,053 equivalent to Rp.1,696 million, respectively.
On May 22, 2009, PT Sigma Solusi Integrasi, one of Sigma’s subsidiaries entered into a US2 million short-term loan agreement with Bank Ekonomi for working capital purpose. On
June 1, 2009, US1,1 million were drawdown from the Facility. The loan bears interest rate of 9 per annum and is repayable within 3 months from the date of withdrawal. This facility is secured
by Purchase Orders “PO” or Setter of Intent from certain companies. As of June 30, 2009, the principal outstanding amounted to US1,1 million equivalent to Rp.11,221 million and on July 1,
2009 the loan was fully repaid.
On August 7, 2009, Sigma entered into a Rp.35,000 million short-term loan agreement with Bank Ekonomi for working capital purpose. The loan bears a floating interest rate from 12.50 per
annum to 13.50 per annum and is repayable within 12 months from the signing date to July 1, 2010. The agreement is extended up to September 2010. The principal outstanding as of
June 30, 2010 amounted to Rp.15,000 million.
b. Bank CIMB Niaga i On April 25, 2005, Balebat entered into a Rp.800 million revolving credit facility and
Rp.1,600 million Note 23f.ii investment credit facility agreement with Bank CIMB Niaga. The credit facility has been amended several times. On May 24, 2010, based on the latest
amendment, credit facility, interest rate and maturity date is changed to Rp.12,000 million, 14 per annum and May 29, 2011, respectively. The agreement is extended up to
May 29, 2011. The principal outstanding as of June 30, 2009 and 2010 amounted to Rp.15,000 million and Rp.9,422 million, respectively.
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued JUNE 30, 2009 AND 2010
SIX MONTHS PERIOD ENDED JUNE 30, 2009 AND 2010 Figures in tables are presented in millions of Rupiah, unless otherwise stated
54
19. SHORT-TERM BANK LOANS continued
b. Bank CIMB Niaga continued i continued
On April 29, 2008, Balebat received an additional Specific Transaction Facility and Bank Overdraft Facility of Rp.5,000 million and Rp.500 million, respectively. On May 24, 2010,
based on the latest amendment, the credit facility, interest rate and maturity date is changed to Rp.5,000 million, 14 per annum and May 29, 2011 for Specific Transaction Facility,
respectively, and Rp.500 million, 12.75 per annum and May 29, 2011 for Bank Overdraft Facility. The principal outstanding as of June 30, 2009 amounted to Rp.5,000 million and
Rp.nil, respectively, and the principal outstanding as of June 30, 2010 amounted to Rp.5,000 million and Rp.nil, respectively
The facilities are secured by Balebat’s fixed asset Note 11, inventories Note 7 and receivables Note 6.
ii On October 18, 2005, GSD entered into two short-term loan agreements with Bank CIMB Niaga for an original facility of Rp.12,000 million and Rp.3,000 million. The credit facility has
been amended several times. The latest on December 23, 2008, change the total facility to Rp.19,000 million with interest rate of 15.5 per annum and the maturity period to
October 18, 2009. This credit facility was secured by GSD’s property, plant and equipment located in Jakarta Note 11. The principal outstanding as of June 30, 2009 amounted to
Rp.3,500 million and on July 10, 2009, the loan was fully repaid.
c. BSM On August 20, 2009, Balebat entered into a Rp.15,000 million revolving credit facility with BSM
for working capital purpose. The facility is obtained through sharia principles with the estimated rates on borrowing at 15.30 per annum and is secured by certain fixed asset Note 11,
receivables Note 6, inventories Note 7, insurance and letter of comfort. The loan will mature on August 20, 2010.
20. MATURITIES OF LONG-TERM LIABILITIES
a. Current maturities
Notes 2009
2010
Bank loans 23
4,833,580 5,351,567
Deferred consideration for business combinations 24
1,202,958 719,434
Two-step loans 21
468,811 388,915
Obligations under finance leases 11
316,966 210,332
Notes 22
3,000 50,239
Total 6,825,315
6,720,487
