PT TRIKOMSEL OKE Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2009 and 2008 Expressed in Rupiah Unless Otherwise Stated
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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued r. Segment Information continued
The Company does not present information related to geographical segment because the Company’s management is of the opinion that the Company operates under an economic
environment which is subject to the same risks and returns.
s. Use of Estimates
The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimations and assumptions that effect
amounts reported therein. Due to inherent uncertainty in making estimates, actual results reported in future periods may be based on amounts differ from those estimates.
3. ACQUISITION OF A SUBSIDIARY As of November 25, 2008, the Company acquired 100 share ownership in Trikomsel Pte. Ltd.,
a company based in Singapore, which is engaged in the sales distribution of cellullar phones, at its book value of SGD1 from Mr. Sugiono Wiyono Sugialam, the Company’s President Director and
shareholder. On the same date, the Company increased its investment in Trikomsel Pte. Ltd. by SGD1,299,999 with
total investment to become SGD1,300,000. Further, to extend its networks and customer’s base, the Company entered into an agreement with
Trikomsel Pte. Ltd., whereby Trikomsel Pte. Ltd is appointed by the Company to market cellular phones in overseas using formal distribution channels under license of the Company.
4. ESTABLISHMENT OF A SUBSIDIARY In accordance with a Notarial Deed dated October 1, 2009 of Lilik Kristiwati, S.H., the Company
established PT Okeshop OkeShop, which engaged in trading of multimedia devices, computers, cellular phones, accessories and spareparts. The establishment of OkeShop was approved by the
Ministry of Laws and Human Rights of the Republic of Indonesia in its Decision Letter No. AHU- 57725.AH.01.01.Tahun 2009 dated November 25, 2009. The share capital of Rp25,000,000 was
subscribed by the Company and PT Delta Sarana Pradana DSP at Rp24,975,000 and Rp25,000, respectively, resulting in shares ownership of 99.90 and 0.10, respectively. As of December 31,
2009, OkeShop has not yet started its commercial operations.
On February 8, 2010 and March 17, 2010, the Company sent disclosure statements to the Chairman of the Capital Market Supervisory Agency regarding the establishment of OkeShop, a Subsidiary,
stating that the Company is still studying the operational establishment of OkeShop.
