PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2013 UNAUDITED AND FOR SIX MONTHS PERIOD ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2012 AUDITED AND FOR SIX MONTHS PERIOD ENDED JUNE 30, 2012 UNAUDITED
Figures in tables are presented in billions of Rupiah, unless otherwise stated
85
34. RETIREMENT BENEFITS OBLIGATION continued b. Pension benefit costs provisions continued
i The Company continued The components of net periodic pension costs are as follows:
Juni 30, December 31,
2013 2012
Service costs 48
104 Interest costs
75 173
Amortization of prior service costs 66
133 Recognized actuarial losses
17 49
Total net periodic pension costs Note 27 206
459
ii Telkomsel Telkomsel provides a defined benefit pension plan to its employees. Under this plan,
employees are entitled to pension benefits based on their latest basic salary or take-home pay and the number of years of their service. PT Asuransi Jiwasraya Jiwasraya ,
a state-owned life insurance company, manages the plan under an annuity insurance contract. Until 2004, the employees contributed 5 of their monthly salaries to the plan and
Telkomsel contributed any remaining amount required to fund the plan. Starting 2005, the entire contributions are fully made by Telkomsel.
The reconciliation of the unfunded status of the plans with the amounts included in the consolidated statements of financial position as of June 30, 2013 and December 31, 2012 are
as follows:
Juni 30, December 31,
2013 2012
Projected benefits obligation 1,581
1,472 Fair value of plan assets
666 666
Funded status 915
806 Unrecognized items in the consolidated
statements of financial position: Unrecognized prior service costs
Unrecognized net actuarial losses 399
387
Pension benefits costs provisions 516
419
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2013 UNAUDITED AND FOR SIX MONTHS PERIOD ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2012 AUDITED AND FOR SIX MONTHS PERIOD ENDED JUNE 30, 2012 UNAUDITED
Figures in tables are presented in billions of Rupiah, unless otherwise stated
86
34. RETIREMENT BENEFITS OBLIGATION continued b. Pension benefit costs provisions continued
ii Telkomsel continued The components of the net periodic pension costs are as follows:
Juni 30, December 31,
2013 2012
Service costs 65
119 Interest costs
44 83
Expected return on pension plan assets 20
31 Amortization of past service costs
1 Recognized actuarial losses
8 25
Net periodic pension costs Note 27 97
197
The net periodic pension cost for the pension plan was calculated based on the measurement date as of December 31, 2012 and 2011, with reports dated February 12,
2013 and February 24, 2012, respectively, by TWP, an independent actuary in association with TW. The principal actuarial assumptions used by the independent actuary based on the
measurement date as of December 31, 2012 and 2011 for each of the years, are as follows:
December 31, December 31,
2012 2011
Discount rate 6
6.75 Expected long-term return on plan assets
6 6.75
Rate of compensation increases 6.5
8
c. Other post-retirement benefits
The Company provides other post-retirement benefits in the form of cash paid to employees on their retirement or termination. These benefits consist of last housing allowance Biaya Fasilitas
Perumahan Terakhir or BFPT and home passage leave Biaya Perjalanan Pensiun dan Purnabhakti or BPP .
The movements of the other post-retirement benefits provisions for six months period ended June 30, 2013 and the years ended December 31, 2012:
Juni 30, December 31,
2013 2012
Other post-retirement benefits costs provisions at beginning of year
310 273
Other post-retirement benefits costs 33
65 Other post-retirement benefits paid by the Company
13 28
Total other post-retirement benefits costs provisions at end of period
330 310