ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES continued FINANCIAL RISK MANAGEMENT
44. FINANCIAL RISK MANAGEMENT continued
1. Financial risk management continued c. Interest rate risk continued At reporting date, the interest rate profile of the Company and subsidiaries’ interest-bearing borrowings was as follows: March 31, December 31, 2014 2013 Fixed rate borrowings 9,557 9,591 Variable rate borrowings 10,081 10,665 Sensitivity analysis for variable rate borrowings At March 31, 2014, a decrease increase by 25 basis points in interest rates of variable rate borrowings would have increased decreased equity and profit or loss by Rp25 billion, respectively. This analysis assumes that all other variables, in particular foreign currency rates, remain constant. d. Credit risk The following table presents the maximum exposure to credit risk of the Company and subsidiaries’ financial assets: March 31, December 31, 2014 2013 Cash and cash equivalents 20,700 14,696 Other current financial assets 2,655 6,872 Trade and other receivables, net 6,794 6,421 Long-term investments 21 21 Advances and other non-current assets 563 685 Total 30,733 28,695 The Company and subsidiaries are exposed to credit risk primarily from trade receivables and other receivables. The credit risk is managed by continuous monitoring of outstanding balances and collection. Trade and other receivables do not have any major concentration risk whereas no customers. receivablesbalance exceeds 1 of trade receivables at March 31, 2014. Management is confident in its ability to continue to control and sustain minimal exposure to credit risk given that the Company and subsidiaries have provided sufficient provision for impairment of receivables to cover incurred loss arising from uncollectible receivables based on existing historical data on credit losses. e. Liquidity risk Liquidity risk arises in situations where the Company and subsidiaries have difficulties in fulfilling financial liabilities when they become due. Prudent liquidity risk management implies maintaining sufficient cash in order to meet the Company and subsidiaries’ financial obligations. The Company andsubsidiaries continuously perform an analysis to monitor financial position ratios, such as liquidity ratios, and debt equity ratios, against debt covenant requirements. PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of March 31, 2014 and for three months period then ended unaudited Figures in tables are expressed in billions of rupiah, unless otherwise stated 11244. FINANCIAL RISK MANAGEMENT continued
Parts
» Consolidated Financial Statements Unaudited 1Q 2014
» GENERAL a. Establishment and general information
» GENERAL continued a. Establishment and general information continued
» GENERAL continued c. Public offering of securities of the Company continued
» GENERAL continued d. Subsidiaries GENERAL continued d. Subsidiaries continued
» GENERAL continued d. Subsidiaries continued
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued b. Principles of consolidation
» Transactions with related parties
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued d. Business combinations continued
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued e. Cash and cash equivalents
» Investments in associated companies
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued h. Inventories continued
» Prepaid expenses Consolidated Financial Statements Unaudited 1Q 2014
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued l.
» Leases Consolidated Financial Statements Unaudited 1Q 2014
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued o. Trade payables
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued r. Revenue and expense recognition
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued s. Employee benefits continued
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued u. Financial instruments
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued u. Financial instruments continued
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued w. Dividends
» Basic earnings per share and earnings per ADS
» Segment information Consolidated Financial Statements Unaudited 1Q 2014
» Provision Consolidated Financial Statements Unaudited 1Q 2014
» Retirement benefits Consolidated Financial Statements Unaudited 1Q 2014
» Retirement benefits continued Consolidated Financial Statements Unaudited 1Q 2014
» Impairment of non-financial assets
» BUSINESS COMBINATIONS a. Acquisitions
» BUSINESS COMBINATION continued b. Disposal of Indonusa continued
» CASH AND CASH EQUIVALENTS continued 31 Maret 2014
» CASH AND CASH EQUIVALENTS continued OTHER CURRENT FINANCIAL ASSETS March 31,
» TRADE RECEIVABLES Disposal of Indonusa
» TRADE RECEIVABLES continued Disposal of Indonusa
» TRADE RECEIVABLES continued INVENTORIES March 31,
» INVENTORIES continued Disposal of Indonusa
» LONG-TERM INVESTMENTS Disposal of Indonusa
» LONG-TERM INVESTMENTS continued Disposal of Indonusa
» PROPERTY AND EQUIPMENT Disposal of Indonusa
» PROPERTY AND EQUIPMENT continued
» ADVANCES AND OTHER NON-CURRENT ASSETS continued INTANGIBLE ASSETS
» INTANGIBLE ASSETS continued Disposal of Indonusa
» UNEARNED INCOME March 31, Disposal of Indonusa
» SHORT-TERM BANK LOANS Disposal of Indonusa
» CURRENT MATURITIES OF LONG-TERM LIABILITIES
» TWO-STEP LOANS continued Disposal of Indonusa
» BANK LOANS BANK LOANS continued
» BANK LOANS continued Disposal of Indonusa
» NON-CONTROLLING INTERESTS March 31, Disposal of Indonusa
» CAPITAL STOCK March 31, 2014 Disposal of Indonusa
» OPERATIONS, MAINTENANCE AND TELECOMMUNICATION SERVICE EXPENSES 2014
» GENERAL AND ADMINISTRATIVE EXPENSES 2014 TAXATION TAXATION
» TAXATION continued TAXATION continued
» BASIC AND DILUTED EARNINGS PER SHARE
» CASH DIVIDENDS AND GENERAL RESERVE
» CASH DIVIDENDS AND GENERAL RESERVE continued Appropriation of Retained Earnings
» RETIREMENT BENEFIT AND OTHER POST RETIREMENT BENEFIT OBLIGATIONS March 31,
» RETIREMENT BENEFIT AND OTHER POST RETIREMENT BENEFIT OBLIGATIONS continued
» Pension benefit costs provisions continued
» POST-RETIREMENT HEALTH CARE BENEFITS
» POST-RETIREMENT HEALTH CARE BENEFITS continued
» RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» 1,002 2014 136 2014 Consolidated Financial Statements Unaudited 1Q 2014
» Cash and cash equivalents Note 4 13,627
» 11,736 Consolidated Financial Statements Unaudited 1Q 2014
» b. Other current financial assets Note 5
» Trade receivables - net Note 6 953
» Trade payables Note 14 Consolidated Financial Statements Unaudited 1Q 2014
» Short-term bank loans Note 17
» Long-term bank loans Note 21
» RELATED PARTY TRANSACTIONS continued
» SEGMENT INFORMATION Key management personnel remuneration
» SEGMENT INFORMATION continued Key management personnel remuneration
» REVENUE-SHARING ARRANGEMENTS “RSA” Key management personnel remuneration
» TELECOMMUNICATIONS SERVICE TARIFFS Key management personnel remuneration
» TELECOMMUNICATIONS SERVICE TARIFFS continued b. Mobile cellular telephone tariffs continued
» Interconnection tariffs Consolidated Financial Statements Unaudited 1Q 2014
» Network lease tariffs Consolidated Financial Statements Unaudited 1Q 2014
» SIGNIFICANT COMMITMENTS AND AGREEMENTS
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued a. Capital expenditures continued
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued c. Others
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued c. Others continued
» CONTINGENCIES Borrowings and other credit facilities
» CONTINGENCIES continued Borrowings and other credit facilities
» ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES
» ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES continued FINANCIAL RISK MANAGEMENT
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