PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued JUNE 30, 2008 AND 2009,
AND SIX MONTHS PERIOD ENDED JUNE 30, 2008 AND 2009 Figures in tables are presented in millions of Rupiah, unless otherwise stated
58
23. BANK LOANS
The details of long-term bank loans as of June 30, 2008 and 2009 are as follows:
2008 2009
2009 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 US
124 71.0
650,747 47.0
480,389 Bank Mandiri
Rp. 2,750,000
- 1,540,000
- 1,880,000
BCA Rp.
1,500,000 -
600,000 -
900,000 Citibank
US -
4.0 37,233
- -
Rp. 500,000
- 700,000
- 300,000
BNI Rp.
3,250,000 -
1,020,000 -
2,000,000 Bank CIMB Niaga
Rp. 31,800
- 36,338
- 24,411
Bank Bukopin Rp.
5,300 -
2,690 -
1,513 BRI
Rp. 3,400
- 2,240,000
- 2,080,000
Bank Ekonomi Rp.
60,000 -
22,337 -
50,546 Syndication of banks
Rp. 5,100,000
- -
- 4,600,000
Total 6,849,345
12,316,859 Current maturities of bank loans
Note 20a 3,602,271
4,833,580
Long-term portion Note 20b 3,247,074
7,483,279
Refer to Note 44 for details of related party transactions. a. The Export-Import Bank of Korea
On August 27, 2003, the Company entered into a loan agreement with The Export-Import Bank of Korea for a loan facility of US124 million, to finance the 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 March 20, 2006, Telkomsel signed a loan agreement with Bank Mandiri for a facility of
Rp.600,000 million, 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 SBI
plus 1.75 per annum which becomes due quarterly in arrears and is unsecured. The principal outstanding as of June 30, 2008 and 2009 amounted to Rp.240,000 million and and
on March 29, 2009, the loan was fully repaid.
ii On August 15, 2006, Telkomsel signed a medium-term facility loan agreement with Bank Mandiri for Rp.350,000 million, 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 SBI plus 1.5 per annum which becomes due quarterly in arrears and is
unsecured. The principal outstanding as of June 30, 2008 and 2009 amounted to Rp.140,000 million and on March 28, 2009, the loan was fully repaid.
PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED continued JUNE 30, 2008 AND 2009,
AND SIX MONTHS PERIOD ENDED JUNE 30, 2008 AND 2009 Figures in tables are presented in millions of Rupiah, unless otherwise stated
59
23. BANK LOANS continued
