PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2014 and for the Six Months Period Then Ended unaudited
Figures in tables are expressedin billions of rupiah, unless otherwise stated
43 Trade receivables arise from services provided to both retail and non-retail customers, with details as
follows: a. By debtor
i Related parties
June 30, December 31,
2014 2013
State-owned enterprises 868
877 PT Indosat Tbk “Indosat”
193 48
Indonusa 196
180 CSM
54 45
Others 234
241 Total
1,545 1,391
Provision for impairment of receivables 491
491
Net 1,054
900
ii Third parties
June 30, December 31,
2014 2013
Individual and business subscribers 8,724
7,010 Overseas international carriers
579 497
Total 9,303
7,507 Provision for impairment of receivables
2,709 2,381
Net 6,594
5,126
Trade receivables from certain parties are presented net of the Company and subsidiaries’ liabilities to such parties due to the existence of a legal right of set-off in accordance with the
agreements with those parties.
b. By age i Related parties
June 30, December 31,
2014 2013
Up to 6 months 995
836 7 to 12 months
174 223
More than 12 months 376
332 Total
1,545 1,391
Provision for impairment of receivables 491
491
Net 1,054
900
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2014 and for the Six Months Period Then Ended unaudited
Figures in tables are expressedin billions of rupiah, unless otherwise stated
44
6. TRADE RECEIVABLES continued
b. By age continued ii Third parties
June 30, December 31,
2014 2013
Up to 3 months 5,019
4,526 More than 3 months
4,284 2,981
Total 9,303
7,507 Provision for impairment of receivables
2,709 2,381
Net 6,594
5,126
iii Aging of total trade receivables
June 30, 2014 December 31, 2013
Provision for Provision for
impairment impairment
Gross of receivables
Gross of receivables
Not past due 3,218
30 3,618
10 Past due up to 3 months
3,172 110
1,525 401
Past due more than 3 to 6 months 1,108
310 703
321 Past due more than 6 months
3,350 2,750
3,052 2,140
Total 10,848
3,200 8,898
2,872
The Company and subsidiaries have made provision for impairment of trade receivables based on the collective assessment of historical impairment rates and individual assessment
of their customers’ credit history. The Company and subsidiaries do not apply a distinction between related party and third party receivables in assessing amounts past due. As of
June 30, 2014 and December 31, 2013, the carrying amount of trade receivables of the Company and subsidiaries considered past due but not impaired amounted to Rp4,460 billion
and Rp2,418 billion, respectively. Management has concluded that receivables past due but not impaired, along with trade receivables that are neither past due nor impaired, are due from
customers with good credit history and are expected to be recoverable.
c. By currency i Related parties
June 30, December 31,
2014 2013
Rupiah 1,520
1,361 U.S.dollar
25 30
Total 1,545
1,391 Provision for impairment of receivables
491 491
Net 1,054
900
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2014 and for the Six Months Period Then Ended unaudited
Figures in tables are expressedin billions of rupiah, unless otherwise stated
45
6. TRADE RECEIVABLES continued
c. By currency continued ii Third parties
June 30, December 31,
2014 2013
Rupiah 8,452
6,699 U.S.dollar
849 806
Euro 1
1 Hong Kong dollar
1 1
Australian dollar 1
- Total
9,303 7,507
Provision for impairment of receivables 2,709
2,381
Net 6,594
5,126
d. Movements in the provision for impairment of receivables
June 30, December 31,
2014 2013
Beginning balance 2,872
2,047 Provision recognized during the year Note 29
329 1,589
Receivables written-off 1
622 Acquisition
- 1
Disposal Note 3 -
158 Reclassification
15
Ending balance 3,200
2,872
The receivables written off are related-party and third-party trade receivables. Management believes that the provision for impairment of trade receivables is adequate to cover
losses on uncollectible trade receivables. Certain trade receivables of the subsidiaries amounting to Rp1,576 billion have been pledged as
collateral under lending agreements Notes 17 and 21. Refer to Note 37 for details of related party transactions.
7. INVENTORIES June 30,
December 31, 2014
2013
Components 525
272 SIM cards, RUIM cards, set top box, and
blank prepaid vouchers 140
102 Others
403 157
Total 1,068
531 Provision for obsolescence
Components 24
21 SIM cards, RUIM cards, set top box, and
blank prepaid vouchers 1
1 Total
25 22
Net 1,043
509