PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued JUNE 30, 2009 AND 2010,
AND SIX MONTHS PERIOD ENDED JUNE 30, 2009 AND 2010 Figures in tables are presented in millions of Rupiah, unless otherwise stated
120
50. CONTINGENCIES continued
f. On March 30, 2010, the Company was notified of MoCI Letter No. 152M.KOMINFO032010 dated March 26, 2010 regarding the explanation on the Rights of Usage “Biaya Hak Pengunaan”
or “BHP” fee of Telkom Flexi Calculation and a Letter of Technical Team of State Revenue Optimization of Telecommunication Sector Task Force Fields of Non-Tax State Revenues
“Penerimaan Negara Bukan Pajak” or PNBP through a letter of the Director of Government Institute Supervision for Other Economic Affairs of The Financial and Development Supervisory
Agency
“Badan Pengawasan
Keuangan dan
Pembangunan” or
BPKP No.S-
71OPN.TEKNIS.1.2.2032010. The letter required the Company to make additional payments in relation to its historical BHP license fee obligations and applied an additional administrative
penalty. The Company has recognized the additional BHP obligations in its financial results. As of the issuance date of the consolidated financial statements, the Company believes the penalty
should not apply. The Company is reviewing the letter to determine actions to be taken including consideration of filing an appeal to the MoCI regarding the decision.
For the matters and cases stated above, the Company and its subsidiaries do not believe that any subsequent investigation or court decision will have significant financial impact to the Company and
its subsidiaries.
51. ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES The balances of monetary assets and liabilities denominated in foreign currencies are as follows:
2009 2010
Foreign Foreign
currencies Rupiah
currencies Rupiah
in millions equivalent
in millions equivalent
Assets Cash and cash equivalents
U.S. Dollars 182.79
1,866,256 145.77
1,322,381 Euro
42.20 608,933
29.99 332,453
Singapore Dollars -
- 0.34
2,197 Japanese Yen
0.21 22
0.03 96
Malaysian Ringgit 0.03
100 -
- Temporary investments
U.S. Dollars 7.96
81,185 8.65
78,331 Trade receivables
Related parties U.S. Dollars
2.58 26,336
2.40 21,716
Euro -
- 0.08
844 Third parties
U.S. Dollars 59.63
608,568 87.45
792,725 Singapore Dollars
0.00 4
- -
Other receivables U.S. Dollars
0.02 184
0.65 5,876
Euro 0.02
272 0.01
77 Great Britain Pound sterling
0.01 209
- -
Singapore Dollars 0.00
5 -
- Other current assets
U.S. Dollars 0.62
6,329 0.88
7,938 Advances and other non-current assets
U.S. Dollars 2.59
26,495 2.53
23,021 Escrow accounts
U.S. Dollars 4.63
47,194 4.61
41,743
Total assets 3,272,092
2,629,398
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued JUNE 30, 2009 AND 2010,
AND SIX MONTHS PERIOD ENDED JUNE 30, 2009 AND 2010 Figures in tables are presented in millions of Rupiah, unless otherwise stated
121
51. ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES continued
2009 2010
Foreign Foreign
currencies Rupiah
currencies Rupiah
in millions equivalent
in millions equivalent
Liabilities Trade payables
Related parties U.S. Dollars
5.84 59,756
10.82 98,257
Singapore Dollars 0.00
3 -
- Third parties
U.S. Dollars 433.59
4,432,255 390.11
3,541.976 Euro
33.56 484,307
11.44 126,875
Singapore Dollars 5.15
36,358 1.24
8,065 Malaysian Ringgit
- -
0.55 1,551
Japanese Yen 0.51
55 6.10
626 Great Britain Pound sterling
- -
0.02 293
Danish Krone -
- 0.12
174 Swiss Franc
0.00 15
0.00 13
Other payables U.S. Dollars
0.15 1,500
0.05 485
Accrued expenses U.S. Dollars
9.54 97,401
8.02 72,716
Japanese Yen 42.46
4,544 39.72
4,063 Singapore Dollars
3.06 21,572
0.01 45
Short-term bank loans U.S. Dollars
1.65 16,839
0.19 1,696
Advances from customers and suppliers U.S. Dollars
1.27 12,953
0.89 8,117
Euro -
- 0.08
922 Current maturities of long-term liabilities
U.S. Dollars 124.84
1,275,348 91.63
831,134 Japanese Yen
767.90 82,188
767.90 78,548
Notes U.S. Dollars
- -
10.74 97,372
Long-term liabilities U.S. Dollars
202.55 2,069,076
124.53 1,129,648
Japanese Yen 11,134.52
1,191,727 10,366.62
1,060,402
Total liabilities 9,785,897
7,062,978 Net liabilities
6,513,805 4,433,580
As of June 30, 2009, the net monetary liabilities assets position denominated in foreign currencies of the Company and its subsidiaries is US518.61 million and Euro8.66 million. As of June 30,
2010, the net monetary liabilities assets position denominated in foreign currencies of the Company and its subsidiaries is US384.04 million and Euro18.56 million.
The Company and its subsidiaries’ activities expose them to a variety of financial risks, including the effects of changes in debt and equity market prices, foreign currency exchange rates and interest
rates.
