93
These consolidated financial statements are originally issued in Indonesian language.
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the Three Months Period Ended March 31, 2016 and 2015 unaudited
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
Table of Contents
30 PENSION AND OTHER POST-EMPLOYMENT BENEFITS continued c. Other post-employment benefits provisions
The Company provides other post-retirement benefits in the form of cash paid to employees on their retirement or termination. These benefits consist of final housing allowance “Biaya Fasilitas
Perumahan Terakhir” or “BFPT” and home passage leave “Biaya Perjalanan Pensiun dan Purnabhakti” or “BPP”.
The changes of the projected other post-employment benefit obligations for the three months period ended March 31, 2015 and for the year ended December 31, 2015 are as follows:
March 31, 2016 December 31, 2015
Changes in projected other post-employment benefits provision
Unfunded projected benefit obligations at beginning of year 497
488 Service costs
2 8
Net interest cost 10
39 Actuarial losses recognized in OCI
- 11
Benefits paid by employer 12
49
Provision for other post-employment benefits 497
497
The components of the projected other post-employment benefit cost for the three months period ended March 31, 2016 and 2015 are as follows:
March 31, 2016 March
31, 2015
Service costs 2
2 Net interest cost
10 10
Total 12
12
Amounts recognized in OCI amounted to RpNil billion as of March 31, 2016 and 2015, respectively.
The principal actuarial assumptions used by the independent actuary based on the measurement date as of December 31, 2015 and 2014, are as follows:
December 31,
2015 December 31, 2014
Discount rate 9.00
8.50 Indonesian mortality table
2011 2011
d. Obligation under the Labor Law provisions
Under Law No. 13 Year 2003, the Group is required to provide minimum pension benefits, if not covered yet by the sponsored pension plans, to its employees upon retirement age. The total
related obligation recognized for the three months period ended March 31, 2016 and for the year ended December 31, 2015 amounted to Rp265 billion and Rp253 billion, respectively. The related
employee benefits cost charged to expense amounted to Rp12 billion for as of March 31, 2016 and 2015, respectively Note 16c.
94
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the Three Months Period Ended March 31, 2016 and 2015 unaudited
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
Table of Contents
30. PENSION AND OTHER POST-EMPLOYMENT BENEFITS continued e. Maturity Profile of Defined Benefit Obligation “DBO”
Weighted average duration of DBO for the Company and Telkomsel are 10.43 years and 11.86 years, respectively. The timing of benefits payments for 2015 is as follows in millions of Rupiah:
Expected Benefits Payment Company
Time Period Funded
Unfunded Telkomsel
Other post- employment
benefits
Within next 10 years 14,306
3,164 1,166
601 Within 10-20 years
19,912 236
5,183 148
Within 20-30 years 17,377
15 5,275
47 Within 30-40 years
11,453 1
730 4
Within 40-50 years 26,115
- -
- Within 50-60 years
301 -
- -
Within 60-70 years 13
- -
- Within 70-80 years
- -
-
f. Sensitivity Analysis
1 change in discount rate and rate of salary would have effect on DBO, as follows:
Discount Rate Rate of Compensation
Sensitivity 1 Increase
1 Decrease 1 Increase
1 Decrease
Funded 1,315
1,636 398
356 Unfunded
73 78
72 72 Other post-employment
benefits
16 18
- -
The sensitivity analyses have been determined based on a method that extrapolates the impact on DBO as a result of reasonable changes in key assumptions occurring at the end of the
reporting period. The sensitivity results above determine the individual impact on the Plan’s end of the year DBO. In
reality, the Plan is subject to multiple external experience items which may move the DBO in similar or opposite directions, and the Plan’s sensitivity to such changes can vary over time.
There are no changes in the methods and assumptions used in preparing the sensitivity analyses from the previous period.
31. LONG SERVICE AWARDS “LSA”
