PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2010 AUDITED AND MARCH 31, 2011 UNAUDITED AND
THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011 UNAUDITED Figures in tables are presented in millions of Rupiah, unless otherwise stated
47
10. LONG-TERM INVESTMENTS
December 31, 2010 Percentage
Share of of
Beginning net loss Translation
Ending ownership balance Addition income adjustment
balance Long-term investments in
associated companies: Scicom
29.71 49,721
64,358 4,920
541 108,618
PT Melon Indonesia “ Melon”
51.00 -
51,000 124
- 51,124
Patrakom 40.00
36,409 -
3,659 -
40,068 CSM
25.00 44,277
- 12,485
1,102 32,894
PSN 22.38
- -
- -
- 130,407
115,358 13,622
561 232,704
Other long-term investments:
BMPL 10.00
20,360 -
- -
20,360 BBT
5.00 587
- -
- 587
Bangtelindo 2.11
199 -
- -
199 21,146
- -
- 21,146
151,553 115,358
13,622 561
253,850 March 31, 2011
Percentage Share of
of Beginning net loss Translation
Ending ownership balance income adjustment
balance Long-term investments in
associated companies: Scicom
29.71 108,618
1,531 1,243
105,844 PT Melon Indonesia “ Melon”
51.00 51,124
405 -
50,719 Patrakom
40.00 40,068
800 -
40,868 CSM
25.00 32,894
- -
32,894 PSN
22.38 -
- -
- 232,704
1,136 1,243
230,325
Other long-term investments:
BMPL 10.00
20,360 -
- 20,360
BBT 5.00
587 -
- 587
Bangtelindo 2.11
199 -
- 199
21,146 -
- 21,146
253,850 1,136
1,243 251,471
i. Scicom
Scicom is engaged in providing call center services in Malaysia. On February 3, 2010, TII purchased additional 3,042,400 Scicom shares with a transaction value amounting to US0.42
million equivalent to Rp.3,905 million. As a result, TII’s ownership in Scicom increased to 17.01.
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2010 AUDITED AND MARCH 31, 2011 UNAUDITED AND
THREE MONTHS PERIOD ENDED MARCH 31, 2010 AND 2011 UNAUDITED Figures in tables are presented in millions of Rupiah, unless otherwise stated
48
10. LONG-TERM INVESTMENTS continued
i.
Scicom continued
On May 6, 2010 and June 16, 2010, TII purchased additional 4,870,000 and 30,000,000 Scicom shares, respectively, with transaction values amounting to US0.76 million equivalent to
Rp.6,897 million and US5.79 million equivalent to Rp.53,556 million, respectively. As a result, TII’s ownership in Scicom increased to 29.85.
On August 11, 2010, based on a Circular Meeting of Stockholders of Scicom, Scicom’s stockholders agreed to increase its issued and fully paid capital by 1,260,000 shares which
amounted to MYR126,000 million equivalent to Rp.356 million. As a result of the addition of Scicom issued and fully paid capital, TII’s ownership in Scicom is diluted to 29.71.
ii. Melon
On August 16, 2010, Metra established a joint venture with SK Telecom called PT Melon Indonesia with 51 ownership Note 1d.b. As Metra has no ability to control Melon therefore it is
accounted for using the equity method. Melon is engaged in providing Digital Content Exchange Hub “DCEH” services. The DCEH is a new type of connection to distribute digital content such
as music file, games and video clip to be accessed by costumers, online music store and telephone operator cable and cellular.
iii. Patrakom
Patrakom is engaged in providing satellite communication system services, related services and facilities to companies in the petroleum industry.
iv. CSM
CSM is engaged in providing Very Small Aperture Terminal “VSAT”, network application services and consulting services on telecommunications technology and related facilities.
v. PSN
PSN is engaged in providing satellite transponder leasing and satellite-based communication services in the Asia Pacific region. The Company’s share in losses in PSN has exceeded the
carrying amount of its investment since 2001, accordingly, the investment value has been reduced to Rp.nil.
vi. BMPL BMPL Singapore, an associated entity of Telkomsel, is engaged in providing regional mobile
services in the Asia Pacific region. As of December 31, 2010 and March 31, 2011, Telkomsel’s contributions which represent 10
ownership interest amounted to US2,200,000 equivalent to Rp.20,360 million.
vii. BBT
BBT is engaged in providing fixed line telecommunication services at Batamindo Industrial Park in Muka Kuning, Batam Island and at Bintan Beach International Resort and Bintan Industrial Estate
in Bintan Island.
