PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2013 and for the Year Then Ended
Figures in tables are expressed in billions of rupiah, unless otherwise stated
86
34. RETIREMENT BENEFIT
AND OTHER
POST RETIREMENT
BENEFIT OBLIGATIONS
continued b. Pension benefit costs provisions continued
i The Company continued The principal actuarial assumptions used by the independent actuary based on the
measurement date as of December 31, 2013 and 2012 are as follow:
2013 2012
Discount rate 9.00
6.25 Rate of compensation
8.00 8.00
The components of total periodic pension costs are as follows:
2013 2012
Service costs 97
104 Interest costs
150 173
Amortization of prior service costs 132
133 Recognized actuarial losses
33 49
Total periodic pension costs Note 27 412
459 Historical information:
2013 2012
2011 2010
2009
Present value of funded defined benefit obligation
2,200 2,436
2,440 2,096
1,622
Deficit in the plan 2,200
2,436 2,440
2,096 1,622
Experience adjustments arising on plan liabilities
3 72
30 23
309 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.
Telkomsel’s contributions to Jiwasraya amounted to Rp nil and Rp45 billion for the years ended December 31, 2013 and 2012, respectively.
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2013 and for the Year Then Ended
Figures in tables are expressed in billions of rupiah, unless otherwise stated
87
34. RETIREMENT BENEFIT
AND OTHER
POST RETIREMENT
BENEFIT OBLIGATIONS
continued b. Pension benefit costs provisions continued
ii Telkomsel continued The following table presents the change in projected pension benefits obligation, change in
pension plan assets, funded status of the pension plan and net amount recognized in the Company’s consolidated statement of financial position for its defined benefit pension plan:
2013 2012
Change in projected pension benefits obligation
Projected pension benefits obligation at beginning of year 1,472
1,238 Service cost
130 119
Interest cost 88
83 Actuarial gains losses
789 36
Expected pension benefits paid 2
4 Projected pension benefits obligation at end of year
899 1,472
Changes in pension plan asset
Fair value of pension plan assets at beginning of year 666
458 Expected return on pension plan assets
40 31
Employer’s contributions -
42 Actuarial gains losses
265 139
Expected pension benefits paid 2
4 Fair value of pension plan assets at end of year
439 666
Funded status 460
806 Unrecognized items in the consolidated
statement of financial position: Prior service costs
Net actuarial gain losses 153
387
Pension benefit costs provisions 613
419
The components of the net periodic pension costs are as follows:
2013 2012
Service costs 130
119 Interest costs
88 83
Expected return on pension plan assets 40
31 Amortization of past service costs
1 1
Recognized actuarial losses 15
25
Net periodic pension costs Note 27 194
197
