PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three month periods Ended March 31, 2017 and 2016 unaudited
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
106
35. CONTINGENCIES continued
On July 23, 2015, KPPU filed an appeal to the SC regarding the case of SMS cartel practices. On February 29, 2016, the SC in case No. 9 KPdt.Sus-KPPU2016 decided on the case in favor of
KPPU, therefore the Company and Telkomsel have to pay the penalty charged by KPPU amounting to Rp18 billion and Rp25 billion, respectively. Based on management’s estimate of the probable
outcomes of this matter, the Group and Telkomsel have recognized provision for losses amounting to Rp18 billion and Rp25 billion, respectively. The Company and Telkomsel have paid the penalty to the
treasury fund in January 2017.
36. ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES
Assets and liabilities denominated in foreign currencies are as follows:
March 31, 2017 U.S. dollar
in millions Japanese yen
in millions Others
in millions Rupiah equivalent
in billions Assets
Cash and cash equivalents
194,09 5,99
15,60 2.793
Other current financial assets
6,74 -
0,55 96
Trade receivables Related parties
3,03 -
40
Third parties
91,90 -
2,81 1.262
Other receivables
0,55 -
0,10 10
Advances and other non-current assets
4,09 -
0,06 57
Total assets
300,4 5,99
19,12 4.258
Liabilities
Trade payables Related parties
0,14 -
- 2
Third parties
100,42 5,86
3,81 1.390
Other payables
6,02 -
0,72 90
Accrued expenses
42,69 65,68
0,21 579
Advances from customers and suppliers
0,48 -
- 6
Current maturities of long-term liabilities
10,73 767,90
- 234
Long-term liabilities - net of current maturities
57,46 5.375,28
- 1.407
Total liabilities
217,94 6.214,72
4,74 3.708
Assets liabilities - net
82,46 6.208,73
14,38 550
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three month periods Ended March 31, 2017 and 2016 unaudited
Figures in tables are expressed in billions of Rupiah, unless otherwise stated
107
36. ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES continued
December 31, 2016 U.S. dollar
in millions Japanese yen
in millions Others
in millions Rupiah equivalent
in billions Assets
Cash and cash equivalents 204.34
5.99 20.94
3,032 Other current financial assets
8.81 -
0.35 122
Trade receivables Related parties
- Third parties
106.70 -
3.88 1,488
Other receivables 0.44
- 0.10
7 Advances and other non-current assets
4.09 -
- 56
Total assets 324.38
5.99 25.27
4,705
Liabilities
Trade payables Related parties
0.18 -
0.01 2
Third parties 163.09
4.83 6.21
2,246 Other payables
5.40 -
1.18 88
Accrued expenses 27.99
20.96 0.18
381 Advances from customers and suppliers
0.48 -
- 7
Current maturities of long-term liabilities 10.88
767.90 -
235 Promissory notes
0.10 -
- 1
Long-term liabilities - net of current maturities 64.14
5,375.28 -
1,482 Total liabilities
272.26 6,168.97
7.58 4,442
Assets liabilities - net 52.12
6,162.98 17.69
263
Assets and liabilities denominated in other foreign currencies are presented as U.S. dollar equivalents using the buy and sell rates quoted by Reuters prevailing at the end of the reporting period.
The Group’s activities expose them to a variety of financial risks, including the effects of changes in debt and equity market prices, foreign currency exchange rates, and interest rates.
If the Group reports monetary assets and liabilities in foreign currencies as of March 31, 2017 using the exchange rates on April 19, 2017, the unrealized foreign exchange loss amounted to
Rp20 billion.
37. FINANCIAL RISK MANAGEMENT
1. Fair value of financial assets and financial liabilities a.
Classification i. Financial asset
March 31, 2017 December 31, 2016 Financial assets at fair value through
profit or loss Derivative asset – put option
- Loans and receivables
Cash and cash equivalents 33,699
29,767 Trade and other receivables, net
9,555 7,900
Other current financial assets 329
313 Other non-current assets
262 210
Available-for-sale financial assets Available-for-sale investment
1,145 1,158
Total financial asset 44,990
39,348
