1pro forma financial statements tbig 31 dec 2010 eng
PT TOWER BERSAMA INFRASTRUCTURE AND SUBSIDIARIES
PROFORMA CONSOLIDATED BALANCE SHEETS
31 DECEMBER 2010
(Expressed in Million Rupiah, unless otherwise stated)
As of 31 December 2010
ASSETS
CURRENT ASSETS
Cash and cash equivalents
Restricted cash in banks
Investment
Trade receivables - third parties
Other receivables
Accrued revenues
Inventories and supplies
Advance payments and prepaid expenses
Prepaid taxes
Total current assets
NON CURRENT ASSETS
Estimated income tax refund
Guarantee deposits
Deferred expenses
Goodwill - net of amortization
Property and equipment - carrying value
Investment properties
Deferred tax assets
Long term land rental
Derivatife financial instrument
Total non current assets
TOTAL ASSETS
Audited
December 31, 2010
(Rp)
Adjustment of proforma
428,204
428,204
(Rp)
(Rp)
Proforma
December 31, 2010
(Rp)
1,047,454
52,349
26,042
130,733
13,411
143,578
47,321
43,171
38,977
1,047,454
52,349
26,042
130,733
13,411
143,578
47,321
43,171
38,977
1,543,036
1,543,036
1,978
2,487
5,096
467,236
204,280
2,824,607
7,134
96,869
23,719
1,978
2,487
5,096
568,316
204,280
2,824,607
7,134
96,869
23,719
101,080
3,633,406
3,734,486
5,176,442
5,277,522
PT TOWER BERSAMA INFRASTRUCTURE AND SUBSIDIARIES
PROFORMA CONSOLIDATED BALANCE SHEETS
31 DECEMBER 2010
(Expressed in Million Rupiah, unless otherwise stated)
Audited
TBG+SKP
December 31, 2010
(Rp)
LIABILITIES, MINORITY INTERESTS AND STOCKHOLDERS' EQUITY
LIABILITIES
CURRENT LIABILITIES
Trade payables - third parties
Taxes payable
Unearned income
Accrued expenses
Others payable
Current portion of long term loans
Finance lease
Bank loans
Total current liabilities
Adjustment of Proforma
(101,080)
251,776
352,856
(Rp)
(Rp)
Proforma
TBG+SKP
December 31, 2010
(Rp)
81,270
71,856
124,677
105,182
14,700
81,270
71,856
124,677
105,182
14,700
2,110
59,353
2,110
59,353
459,148
459,148
NON CURRENT LIABILITIES
Provision for employee benefits
Long-term sharing investment
Goodwill
Long term loans - net of current portion
Finance lease
Bank loans
Due to related parties
Deffered tax liability
10,439
922
6,472
10,439
922
6,472
3,826
2,325,444
41,600
10,064
3,826
2,325,444
41,600
10,064
Total non current liabilities
TOTAL LIABILITIES
2,398,767
2,857,915
2,398,767
2,857,915
MINORITY INTERESTS
STOCKHOLDERS' EQUITY
Share capital
Additional paid-in capital - net
Transaction differences in equity changes of subsidiary
Restructuring transactions between
companies under common control
Retained earnings
Total stockholders' equity
TOTAL LIABILITIES, MINORITY INTEREST AND
STOCKHOLDERS' EQUITY
174,203
15,050
455,670
1,185,098
12,505
(2,008)
493,059
189,253
455,670
1,185,098
12,505
62,651
(2,008)
579,089
2,144,324
2,230,354
5,176,442
5,277,522
PT TOWER BERSAMA INFRASTRUCTURE AND SUBSIDIARIES
PROFORMA CONSOLIDATED STATEMENTS of INCOME
FOR THE YEAR 31 DECEMBER 2010
(Expressed in Million Rupiah, unless otherwise stated)
For 4 (four) months ended April 30, 2010
TOWER RENTAL REVENUES
COST OF REVENUES
Landlease and licence amortization
Electricity
Repairs and maintenance
Security
Insurance
Others
Total cost of revenues
GROSS PROFIT
OPERATING EXPENSES - GA
Salaries, wages and allowances
Depreciation
Professional fees
Transport and Travel
Land and building rental
Public Relations Expenses/Sponsorship/Donation
Employee benefit expense
Motor vehicle rental
Telecommunication
Office
Others
Total operating expenses
INCOME FROM OPERATIONS
OTHER INCOME (CHARGES)
Facility and commitment fees
Goodwill amortization
Interest expense
Revaluation increment in towers
Gain (Loss) on sale of fixed assets
Forex gain (loss)
Loss on dismantle
Adjustment of income tax
Interest income
Total other income (charges) - net
December 31, 2010
12 months
(Rp)
(Rp)
(Rp)
671,360
21,547
32,782
28,501
8,440
3,440
3,486
98,196
December 31, 2010
12 months
(Rp)
94,808
4,424
6,269
8,651
1,119
460
911
25,971
39,051
37,152
9,559
3,900
4,397
120,030
573,164
51,317
4,926
3,486
3,775
4,004
6,382
2,927
1,835
1,097
1,639
5,489
86,877
646,138
5,999
880
193
49
9
57,316
5,806
3,679
3,824
4,013
6,382
3,273
1,835
1,097
2,275
5,638
95,138
346
636
149
486,287
(66,755)
(22,724)
(226,325)
209,569
136
(17,515)
(1,006)
(8,529)
6,159
(126,990)
PROFIT (LOSS) BEFORE TAX
359,297
INCOME TAX
Current
Deferred
Total income tax - net
(22,091)
2,172
(19,919)
PROFIT (LOSS) BEFORE MINORITY INTERESTS
MINORITY INTERESTS
339,378
(12,649)
NET PROFIT (LOSS)
326,729
766,168
551,000
627
3,627
26,788
2,541
3,572
30
-
231
(67,382)
(26,351)
(253,113)
213,141
136
(20,026)
(1,006)
(8,529)
6,390
(156,740)
394,260
98
86
11,572
(22,189)
2,258
(19,931)
374,329
(24,221)
350,108
PROFORMA CONSOLIDATED BALANCE SHEETS
31 DECEMBER 2010
(Expressed in Million Rupiah, unless otherwise stated)
As of 31 December 2010
ASSETS
CURRENT ASSETS
Cash and cash equivalents
Restricted cash in banks
Investment
Trade receivables - third parties
Other receivables
Accrued revenues
Inventories and supplies
Advance payments and prepaid expenses
Prepaid taxes
Total current assets
NON CURRENT ASSETS
Estimated income tax refund
Guarantee deposits
Deferred expenses
Goodwill - net of amortization
Property and equipment - carrying value
Investment properties
Deferred tax assets
Long term land rental
Derivatife financial instrument
Total non current assets
TOTAL ASSETS
Audited
December 31, 2010
(Rp)
Adjustment of proforma
428,204
428,204
(Rp)
(Rp)
Proforma
December 31, 2010
(Rp)
1,047,454
52,349
26,042
130,733
13,411
143,578
47,321
43,171
38,977
1,047,454
52,349
26,042
130,733
13,411
143,578
47,321
43,171
38,977
1,543,036
1,543,036
1,978
2,487
5,096
467,236
204,280
2,824,607
7,134
96,869
23,719
1,978
2,487
5,096
568,316
204,280
2,824,607
7,134
96,869
23,719
101,080
3,633,406
3,734,486
5,176,442
5,277,522
PT TOWER BERSAMA INFRASTRUCTURE AND SUBSIDIARIES
PROFORMA CONSOLIDATED BALANCE SHEETS
31 DECEMBER 2010
(Expressed in Million Rupiah, unless otherwise stated)
Audited
TBG+SKP
December 31, 2010
(Rp)
LIABILITIES, MINORITY INTERESTS AND STOCKHOLDERS' EQUITY
LIABILITIES
CURRENT LIABILITIES
Trade payables - third parties
Taxes payable
Unearned income
Accrued expenses
Others payable
Current portion of long term loans
Finance lease
Bank loans
Total current liabilities
Adjustment of Proforma
(101,080)
251,776
352,856
(Rp)
(Rp)
Proforma
TBG+SKP
December 31, 2010
(Rp)
81,270
71,856
124,677
105,182
14,700
81,270
71,856
124,677
105,182
14,700
2,110
59,353
2,110
59,353
459,148
459,148
NON CURRENT LIABILITIES
Provision for employee benefits
Long-term sharing investment
Goodwill
Long term loans - net of current portion
Finance lease
Bank loans
Due to related parties
Deffered tax liability
10,439
922
6,472
10,439
922
6,472
3,826
2,325,444
41,600
10,064
3,826
2,325,444
41,600
10,064
Total non current liabilities
TOTAL LIABILITIES
2,398,767
2,857,915
2,398,767
2,857,915
MINORITY INTERESTS
STOCKHOLDERS' EQUITY
Share capital
Additional paid-in capital - net
Transaction differences in equity changes of subsidiary
Restructuring transactions between
companies under common control
Retained earnings
Total stockholders' equity
TOTAL LIABILITIES, MINORITY INTEREST AND
STOCKHOLDERS' EQUITY
174,203
15,050
455,670
1,185,098
12,505
(2,008)
493,059
189,253
455,670
1,185,098
12,505
62,651
(2,008)
579,089
2,144,324
2,230,354
5,176,442
5,277,522
PT TOWER BERSAMA INFRASTRUCTURE AND SUBSIDIARIES
PROFORMA CONSOLIDATED STATEMENTS of INCOME
FOR THE YEAR 31 DECEMBER 2010
(Expressed in Million Rupiah, unless otherwise stated)
For 4 (four) months ended April 30, 2010
TOWER RENTAL REVENUES
COST OF REVENUES
Landlease and licence amortization
Electricity
Repairs and maintenance
Security
Insurance
Others
Total cost of revenues
GROSS PROFIT
OPERATING EXPENSES - GA
Salaries, wages and allowances
Depreciation
Professional fees
Transport and Travel
Land and building rental
Public Relations Expenses/Sponsorship/Donation
Employee benefit expense
Motor vehicle rental
Telecommunication
Office
Others
Total operating expenses
INCOME FROM OPERATIONS
OTHER INCOME (CHARGES)
Facility and commitment fees
Goodwill amortization
Interest expense
Revaluation increment in towers
Gain (Loss) on sale of fixed assets
Forex gain (loss)
Loss on dismantle
Adjustment of income tax
Interest income
Total other income (charges) - net
December 31, 2010
12 months
(Rp)
(Rp)
(Rp)
671,360
21,547
32,782
28,501
8,440
3,440
3,486
98,196
December 31, 2010
12 months
(Rp)
94,808
4,424
6,269
8,651
1,119
460
911
25,971
39,051
37,152
9,559
3,900
4,397
120,030
573,164
51,317
4,926
3,486
3,775
4,004
6,382
2,927
1,835
1,097
1,639
5,489
86,877
646,138
5,999
880
193
49
9
57,316
5,806
3,679
3,824
4,013
6,382
3,273
1,835
1,097
2,275
5,638
95,138
346
636
149
486,287
(66,755)
(22,724)
(226,325)
209,569
136
(17,515)
(1,006)
(8,529)
6,159
(126,990)
PROFIT (LOSS) BEFORE TAX
359,297
INCOME TAX
Current
Deferred
Total income tax - net
(22,091)
2,172
(19,919)
PROFIT (LOSS) BEFORE MINORITY INTERESTS
MINORITY INTERESTS
339,378
(12,649)
NET PROFIT (LOSS)
326,729
766,168
551,000
627
3,627
26,788
2,541
3,572
30
-
231
(67,382)
(26,351)
(253,113)
213,141
136
(20,026)
(1,006)
(8,529)
6,390
(156,740)
394,260
98
86
11,572
(22,189)
2,258
(19,931)
374,329
(24,221)
350,108