PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued JUNE 30, 2009 AND 2010
SIX MONTHS PERIOD ENDED JUNE 30, 2009 AND 2010 Figures in tables are presented in millions of Rupiah, unless otherwise stated
59
22. NOTES continued
e. Supplier Financing Huawei Tech On March 19, 2010, the Company entered into a supplier financing agreement with Huawei Tech.
The unsecured facility covered 85 of Hand Over Report “Berita Acara Serah Terima” or BAST I Procurement and Installation Softswitch and Modernization MSAN Divre I and Divre IV.
The facility bear a fixed interest rate six-month London Interbank Offered Rate “LIBOR” plus 2.5 per annum US which is payable in 5 semi-annual installment commencing in September
2010. The principal outstanding as of June 30, 2010 amounted to US9.30 million equivalent to Rp.84,347 million.
23. BANK LOANS
The details of long-term bank loans as of June 30, 2009 and 2010 are as follows:
2009 2010
2010 Outstanding
Outstanding Original
Original Total facility currency
Rupiah currency
Rupiah Lenders
Currency in millions in millions
equivalent in millions
equivalent
The Export-Import Bank of Korea “Korea Eximbank”
US 124
47.0 480,389
23.5 213,271
Bank Mandiri Rp.
4,750,000 -
1,880,000 -
2,557,778 BCA
Rp. 3,500,000
- 900,000
- 2,177,778
Citibank Rp.
500,000 -
300,000 -
100,000 BNI
Rp. 4,000,000
- 2,000,000
- 1,000,000
Bank CIMB Niaga Rp.
55,596 -
24,411 -
23,437 Bank Bukopin
Rp. 5,300
- 1,513
- 149
BRI Rp.
4,200,000 -
2,080,000 -
1,511,111 Bank Ekonomi
Rp. 115,000
- 50,546
- 74,388
Syndication of banks Rp.
5,100,000 -
4,600,000 -
4,800,000 PT ANZ Panin Bank “ANZ Panin”
Rp. 1,000,000
- -
- 888,889
BII Rp.
500,000 -
- -
444,444 PT Bank OCBC Indonesia
“OCBC Indonesia” Rp.
200,000 -
- -
100,000 PT Bank OCBC NISP Tbk formerly
PT Bank NISP Tbk “OCBC NISP” Rp.
500,000 -
- -
250,000 ABN Amro Bank N.V., Hong Kong
“AAB Hong Kong” US
318 -
- -
- Industrial and Commercial Bank of
China Limited ”ICBC” US
250 -
- -
- Bank of China “BoC”
US 100
- -
12.4 112,583
Finnish Export Credit Ltd US
250 -
- -
- Japan Bank for International
Cooperation “JBIC” US
60 -
- -
- BTN
Rp. 9,500
- -
- 8,051
Total 12,316,859
14,261,879 Current maturities of bank loans
Note 20a 4,833,580
5,351,567
Long-term portion Note 20b 7,483,279
8,910,312
Refer to Note 45 for details of related party transactions.
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued JUNE 30, 2009 AND 2010
SIX MONTHS PERIOD ENDED JUNE 30, 2009 AND 2010 Figures in tables are presented in millions of Rupiah, unless otherwise stated
60
23. BANK LOANS continued
a. Korea Eximbank On August 27, 2003, the Company entered into a loan agreement with Korea Eximbank for a loan
facility of US124 million, to finance the Code Division Multiple Access “CDMA” procurement from the Samsung Consortium. The facility bears interest, commitment and other fees totaling
5.68 per annum. The loan is unsecured and payable in 10 semi-annual installments on June 30 and December 30 of each year beginning in December 2006.
b. Bank Mandiri i On June 15, 2007, Telkomsel signed a medium-term facility loan agreement with Bank
Mandiri of Rp.500,000 million. This facility is payable in 5 equal semi-annual installments commencing 6 months after the end of the availability period. The loan bears a floating
interest rate of three-month Jakarta Interbank Offered Rate “JIBOR” plus 1.25 per annum which becomes due quarterly in arrears and is unsecured. On July 24, 2007, the loan
agreement was amended with addition of total facilities provided amounted to Rp.200,000 million. The principal outstanding as of June 30, 2009 amounted to Rp.280,000
million and on January 30, 2010, the loan was fully repaid.
ii On October 24, 2007, Telkomsel signed a medium-term facility loan agreement with Bank Mandiri of Rp.750,000 million. This facility is payable in 5 equal semi-annual installments
commencing 6 months after the end of the availability period. The loan bears a floating interest rate of three-month JIBOR plus 1.17 per annum which becomes due quarterly in
arrears and is unsecured. The principal outstanding as of June 30, 2009 amounted to Rp.300,000 million and on April 30, 2010, the loan was fully repaid.
iii On December 23, 2008, Telkomsel signed a medium-term facility loan agreement with Bank Mandiri of Rp.1,300,000 million. On December 30, 2008, Rp.1,000,000 million has been
drawdown from the facility and the remaining Rp.300,000 million was drawdown by Telkomsel on January 30, 2009. This facility is payable in 5 equal semi-annual installments
commencing 6 months after the end of the availability period. The loan bears a floating interest rate of one-month JIBOR plus 2.25 per annum which becomes due monthly in
arrears and is unsecured. The principal outstanding as of June 30, 2009 and 2010 amounted to Rp.1,300,000 million and Rp.780,000 million, respectively.
iv On July 3, 2009, Telkomsel signed a medium-term facility loan agreements with Bank Mandiri of Rp.2,000,000 million. This facility is payable in 9 equal semi-annual installments
commencing 6 months after the end of the availability period. The loan bears average interest rate of three-month JIBOR plus 3.25 per annum which becomes due quarterly in arrears
and is unsecured. The principal outstanding as of June 30, 2010 amounted to Rp.1,777,778 million.
