PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2012 AND FOR THE YEAR THEN ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2011 AND FOR THE YEAR THEN ENDED AND AS OF JANUARY 1, 2011
Figures in tables are presented in billions of Rupiah, unless otherwise stated
63
20. BANK LOANS continued
Total facility Current
Interest Interest
in period
Payment payment rate
Borrower Currency billions payment schedule
period per annum Security
Bank CIMB Niaga continued
September 9, 2011 GSD
Rp 11
3.9 Monthly
Monthly 9.75
Property 2011 - 2015
and equipment
Note 10 August 2, 2012
g
Balebat Rp
4 0.3
Monthly Monthly
10.50 Property
2012 - 2015 and
equipment Note 10,
inventories Note 6
and trade receivables
Note 5 September 20, 2012
a
TLT Rp
1,150 -
Monthly Monthly
3 months Property
2015 - 2030 JIBOR+3.45
and equipment
Note 10, September 20, 2012
a
TLT Rp
118 -
Monthly Monthly
9.00 Property
2015 - 2030 and
equipment Note 10,
October 10, 2012
g
Balebat Rp
1 0.07
Monthly Monthly
10.50 Property
2012 - 2015 and
equipment Note 10,
inventories Note 6
and trade receivables
Note 5 Bank Ekonomi
December 7, 2006
i
Sigma Rp
14 3.4
Monthly Monthly
9.00 Property
2006 - 2012 and
equipment Note 10,
and trade receivables
Note 5 March 9, 2007
i
Sigma Rp
13 2.7
Monthly Monthly
9.00 Property
2008 - 2012 and
equipment Note 10,
and trade receivables
Note 5 September 10, 2008
ah
Sigma Rp
33 5.8
Monthly Monthly
9.00 Property
2009 - 2015 and
equipment Note 10,
and trade receivables
Note 5
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2012 AND FOR THE YEAR THEN ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2011 AND FOR THE YEAR THEN ENDED AND AS OF JANUARY 1, 2011
Figures in tables are presented in billions of Rupiah, unless otherwise stated
64
20. BANK LOANS continued
Total facility Current
Interest Interest
in period
Payment payment rate
Borrower Currency billions payment schedule
period per annum Security
Bank Ekonomi continued
August 7, 2009
ah
Sigma Rp
35 10.4
Monthly Monthly
9.00 Property
some and
installment equipment
2009 - 2013 Note 10,
and trade receivables
Note 5 August 7, 2009
ah
Sigma Rp
20 5.3
Monthly Monthly
9.00 Property
some and
installment equipment
2009 - 2014 Note 10,
and trade receivables
Note 5 February 23, 2011
ah
Sigma Rp
30 8.6
Monthly Monthly
9.00 Property
2011 - 2015 and
equipment Note 10,
and trade receivables
Note 5 February 23, 2011
ah
Sigma US
0.002 0.0001
Monthly Monthly
6.00 Property
2011 - 2015 and
equipment Note 10,
and trade receivables
Note 5
The credit facilities obtained by the Company and subsidiaries are used for working capital purposes.
a
As stated in the agreements, the Company and subsidiaries are required to comply with all covenants or restrictions such as dividend distribution restrictions, new loans restriction, including maintaining financial ratios. As of December 31, 2012, the
Company and subsidiaries complied with the ratios.
b
Telkomsel has no collateral for its bank loans, or other credit facilities. The terms of the various agreements with Telkomsel’s lenders and financiers require compliance with a number of pledges and negative pledges as well as financial and other
covenants, which include among other things, certain restrictions on the amount of dividends and other profit distributions which could adversely affect Telkomsel’s capacity to comply with its obligation under the facility. The terms of the relevant
agreements also contain default and cross default clauses. As of December 31, 2012, Telkomsel complied with the above covenants.
c
In January 2012, the availability periods of facilities from BCA and Bank Mandiri expired.
d
Pursuant to the agreements with PT Ericsson Indonesia “Ericsson Indonesia” and Ericsson AB Note 41a.ii, Telkomsel entered into an EKN-Backed Facility Agreement “facility” with ABN Amro Bank N.V. Stockholm branch as “the original
lender” and Standard Chartered Bank as “the original lender” , “the arranger”, “the facility agent” and “the EKN agent”, ABN Amro Bank N.V., Hong Kong as “the arranger” for the purchase of Ericsson telecommunication equipment and
services. The facilities consist of facility 1, 2 and 3 amounting to US117 million, US106 million, and US95 million, respectively. The availability period of facility 1, 2 and 3 expired in July 2010, March 2011 and November 2011, respectively.
In October 2011, EKN agreed to reduce the premium of the unused facility by US3 million through a cash refund.
e
In connection with the agreement with NSW-Fujitsu Consortium, the Company entered into a loan agreement with JBIC, the international arm of Japan Finance Corporation for the purchase of NSW-Fujitsu Consortium telecommunication equipment
and services. The facilities consist of facility A and B amounting to US36 million and US24 million, respectively.
f
Based on the latest amendment on March 31, 2011.
g
Based on the latest amendment on October 10, 2012.
h
Based on the latest amendment on October 1, 2012.
i
In June 2012, loan was fully repaid by Sigma and Telkomsel and the facility is not extended.
j
Based on the latest amendment on October 16, 2012, loan was required to be repaid by Indonusa on April 24, 2013.
k
As of December 31,2012, credit facility from syndication of banks has not been used by DMT.
PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2012 AND FOR THE YEAR THEN ENDED
WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2011 AND FOR THE YEAR THEN ENDED AND AS OF JANUARY 1, 2011
Figures in tables are presented in billions of Rupiah, unless otherwise stated
65
21. NON-CONTROLLING INTEREST 2012
2011
Non-controlling interest in net assets of subsidiaries: Telkomsel
15,340 13,430
Metra 66
33 GSD
31 -
Infomedia -
8
Total 15,437
13,471 2012
2011
Non-controlling interest in total comprehensive income loss of subsidiaries:
Telkomsel 5,499
4,488 Metra
14 16
GSD 1
- Infomedia
- 1
Total 5,512
4,505
The amounts represent other third parties’ share of ownership in subsidiaries of Metra, Infomedia and GSD.
22. CAPITAL STOCK 2012
Number of Percentage Total
Description shares
of ownership paid-up capital
Series A Dwiwarna share Government
1 -
Series B shares Government
10,320,470,711 53.90
2,580 The Bank of New York Mellon Corporation
2,197,688,216 11.48
549 Directors Note 1b:
Indra Utoyo 5,508
- Priyantono Rudito
108 -
Sukardi Silalahi 108
- Public individually less than 5
6,630,904,168 34,62
1,658 Total
19,149,068,820 100.00
4,787 Treasury stock Note 24
1,010,930,460 -
253
Total 20,159,999,280
100.00 5,040
The Bank of New York Mellon Corporation serves as the Depositary of registered ADS holders for the Company’s ADSs.