PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2013 UNAUDITED AND FOR SIX MONTHS PERIOD ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2012 AUDITED AND FOR SIX MONTHS PERIOD ENDED JUNE 30, 2012 UNAUDITED
Figures in tables are presented in billions of Rupiah, unless otherwise stated
89
36. POST-RETIREMENT HEALTH CARE BENEFITS continued
The expected return is determined based on market expectation for returns over the entire life of the obligation by considering the portfolio mix of the plan assets. The actual return on plan assets was
Rp347 billion and Rp896 billion for six months period ended June 30, 2013 and the years ended December 31, 2012, respectively.
The components of net periodic post-retirement health care benefits cost are as follows:
Juni 30, December 31,
2013 2012
Service costs 35
56 Interest costs
407 755
Expected return on plan assets 372
720 Recognized actuarial losses
118 -
Net periodic post-retirement benefits costs 188
91 Amounts charged to subsidiaries
under contractual agreements 1
1
Total net periodic post-retirement health care benefits costs less amounts charged to subsidiaries Note 27
187 90
The movements of the projected post-retirement health care benefits costs provisions for six months period ended June 30, 2013 and the years ended December 31, 2012, are as follows:
Juni 30, December 31,
2013 2012
Projected post-retirement health care benefits costs provisions at beginning of year
679 888
Net periodic post-retirement health care benefits costs less amounts charged to subsidiaries Note 27
187 90
Amounts charged to subsidiaries under contractual agreements
1 1
Employer s contributions 181
300
Projected post-retirement health care benefits costs provisions at end of period
686 679
The actuarial valuation for the post-retirement health care benefits was performed based on the measurement date as of December 31, 2012 and 2011, with reports dated February 28, 2013 and
March 7, 2012, respectively, by TWP, an independent actuary in association with TW. The principal actuarial assumptions used by the independent actuary as of December 31, 2012 and
2011 are as follows:
December 31, December 31,
2012 2011
Discount rate 6.25
7.25 Expected long-term return on plan assets
7.50 8.00
Health care costs trend rate assumed for next year 7
7 Ultimate health care costs trend rate
7 7
Year that the rate reaches the ultimate trend rate 2013
2012
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2013 UNAUDITED AND FOR SIX MONTHS PERIOD ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2012 AUDITED AND FOR SIX MONTHS PERIOD ENDED JUNE 30, 2012 UNAUDITED
Figures in tables are presented in billions of Rupiah, unless otherwise stated
90
37. RELATED PARTY TRANSACTIONS
In the normal course of its business, the Company and subsidiaries entered into transactions with related parties. It is the Companys policy that the pricing of these transactions be the same as those
of arm s-length transactions.
a. Nature of relationships and accountstransactions with related parties
Details of the nature of relationships and transactionsaccounts with significant related parties are as follows:
Nature of relationships Related parties
with related parties Nature of transactionsaccounts
The Government: Majority stockholder
Finance costs and investment on Minister of Finance
financial instruments State-owned enterprises
Entity under common control Operation expenses, purchase of property
and equipment, construction and installation services, insurance expense,
finance costs, finance income, investment on financial instruments
Indosat Entity under common control
Interconnection revenues, interconnection expenses, telecommunications facilities
usage, operating and maintenance cost, leased lines revenue, satellite transponders
usage revenues, usage of data communication network system expenses
and lease revenues
PT Aplikanusa Lintasarta Entity under common control
Network revenues, usage of data Lintasarta
communication network system expenses and leased lines expenses
Indosat Mega Media Entity under common control
Network revenues PT Sistelindo Mitralintas
Entity under common control Network revenues
CSM Associated company
Satellite transponders usage revenues, leased lines revenues, transmission lease
expenses Patrakom
Associated company Satellite transponders usage revenues,
leased lines revenues, transmission lease expenses
PSN Associated company
Satellite transponders usage revenues, leased lines revenues, transmission lease
expenses, interconnection revenues and interconnection expense
PT Industri Telekomunikasi Entity under common control
Purchase of property and equipment Indonesia INTI
PT Asuransi Jasa Indonesia Entity under common control
Insurance of property and equipment Jasindo
PT Jaminan Sosial Tenaga Kerja Entity under common control
Insurance expenses for employees Jamsostek
PT Perusahaan Listrik Negara Entity under common control
Electricity expenses Persero PLN
PT Pos Indonesia Entity under common control
Cost of SIM cards State-owned banks
Entity under common control Finance income and finance costs
BNI Entity under common control
Finance income and finance costs
