PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2010 AUDITED AND MARCH 31, 2011 UNAUDITED AND
THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011 UNAUDITED Figures in tables are presented in millions of Rupiah, unless otherwise stated
60
18. SHORT-TERM BANK LOANS continued
Total facility
Interest Interest
in Payment payment
rate Borrower Currency millions schedule
period per annum
Security
Bank Ekonomi February 11, 2009
c
Sigma US
0.55 June 13,
Monthly 6.00
Trade receivables 2011
Note 6 August 7, 2009
d
Sigma Rp.
35,000 July 1, 2011 Monthly
10.50 Trade receivables
Note 6 property, plant and equipment
Note 11 January 2, 2011
Sigma US
1.00 July 1, 2011 Monthly
6.00 Property, plant and
equipment Note 11 PT Bank Syariah
Mandiri “BSM” August 20, 2009
Balebat Rp.
15,000 August 20, Monthly
14.00 Property, plant and
2010 equipment
Note 11, inventories Note 7, trade
receivables Note 6 insurance and
letter of comfort September 1, 2010 Balebat
Rp. 15,000 August 30,
Monthly 14.00
Property, plant and 2011
equipment Note 11, inventories
Note 7, trade receivables Note 6
The credit facilities obtained by the Company’s subsidiaries are used for working capital purpose.
a
Based on the latest amendment on May 24, 2010.
b
Based on the latest amendment on March 31, 2011.
c
Based on the latest amendment on July 1, 2010.
d
Based on the latest amendment on July 1, 2010.
19. MATURITIES OF LONG-TERM LIABILITIES
a. Current maturities
December 31, March 31, Notes
2010 2011
Bank loans 22
4,478,247 3,631,222
Two-step loans 20
395,363 385,303
Obligations under finance leases 11
198,062 192,468
Bonds and notes 21
126,719 164,989
Deferred consideration for business combinations 23
105,245 -
Total 5,303,636
4,373,982
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2010 AUDITED AND MARCH 31, 2011 UNAUDITED AND
THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011 UNAUDITED Figures in tables are presented in millions of Rupiah, unless otherwise stated
61
19. MATURITIES OF LONG-TERM LIABILITIES continued
b. Long-term portion
In billions of Rupiah Notes
Total 2012 2013 2014 2015 Later
Bank loans 22 9,099.8 1,920.5 3,554.6 2,409.2 903.6
311.9 Bonds and notes
21 3,280.7 152.9
97.8 30.0 1,005.0 1,995.0
Two-step loans 20 2,531.5
264.6 312.6 315.0 317.7 1,321.6
Obligations under finance leases 11 376.1
144.3 110.9 64.3
14.5 42.1
Total 15,288.1 2,482.3 4,075.9 2,818.5 2,240.8 3,670.6
20. TWO-STEP LOANS
Two-step loans are unsecured loans obtained by the Government, which are then re-loaned to the Company. The loans entered into up to July 1994 were recorded and payable in Rupiah based on the
exchange rate at the date of drawdown. Loans entered into after July 1994 are payable in their original currencies and any resulting foreign exchange gain or loss is borne by the Company.
December 31, 2010 March 31, 2011
Outstanding Outstanding
Original Original
currency Rupiah
currency Rupiah
Lenders Currency in millions
equivalent in millions equivalent
Overseas bank Yen
10,750.57 1,191,378
10,750.57 1,131,174
US 120.76
1,088,639 111.32
969,569 Rp.
- 856,649
- 816,101
Total 3,136,666
2,916,844 Current maturities Note 19a
395,363 385,303
Long-term portion Note 19b 2,741,303
2,531,541
Interest Interest
Payment payment
rate Lenders
Currency schedule
period per annum
Overseas bank US
Semi-annually Semi-annually 4.00 - 6.67
Rp. Semi-annually Semi-annually
7.57 - 7.73 Yen
Semi-annually Semi-annually 3.10
The loans are intended for the development of telecommunications infrastructure and supporting equipment. The loans are payable in semi-annual installments and are due on various dates through
2024.
Since 2008, the Company has used all facilities under the two-step loans program and the drawdown period for the two-step loans has expired.
The Company is required to maintain financial ratios as follows:
