TAXATION continued FS YE Audited 2014 English
31. TAXATION continued
e. Tax assessment continued i Telkomsel On January 22, 2014, Telkomsel received a formal verdict from the Tax Court concerning the former’s claim for tax refund for import duties. Based on its verdict, Tax Court accepted the portion of Telkomsel’s claim. In February 2014, Telkomsel submitted a request to refund the accepted portion of the claim amounting to Rp8.5 billion. On September 30, 2014, Telkomsel received a partial refund of the claim for import duties amounting to Rp587 million including penalty Rp579 million. Subsequently, on October 2, 2014, Telkomsel received a refund for VAT and income tax article 22 amounting to Rp7.92 billion. On November 7, 2014, Telkomsel received assessment letters as a result of a tax audit for the fiscal year 2011 by the Tax Authorities. Based on the letters, Telkomsel underpaid the corporate income tax, VAT and withholding tax amounting to Rp257.8 billion, Rp2.9 billion and Rp2.2 billion including penalty of Rp85.3 billion, respectively. Telkomsel accepted the assessment of Rp7.8 billion of the underpayment of corporate income tax, Rp1 billion of the underpayment of the VAT and Rp2.2 billion of the underpayment of the withholding tax including penalty of Rp3.5 billion. The accepted portion was charged to the 2014 statement of comprehensive income. In December 2014, Telkomsel paid the assessment and filed an objection to the Tax Authorities for the assessment for the underpayment of corporate income tax of Rp250 billion including penalty of Rp81.1 billion, which Telkomsel recorded as a claim for tax refund. Management plans to file in February 2015 an objection for the assessment on the underpayment of VAT. As of the date of approval and authorization for issuance of these financial statements, the objection on the corporate income tax assessment is still in process. f. Deferred tax assets and liabilities The details of the Groups deferred tax assets and liabilities are as follows: Charged credited to the consolidated December 31, comprehensive December 31, 2013 income 2014 The Company Deferred tax assets: Provision for impairment of receivables 446 24 470 Net periodic pension and other post-retirement benefits costs 213 78 291 Accrued expenses and provision for inventory obsolescence 27 49 76 Employee benefit provisions 143 71 72 Deferred installation fee 70 2 72 Finance leases 9 13 22 Total deferred tax assets 908 95 1,003 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2014 and for the Year Then Ended Figures in tables are expressedin billions of Rupiah, unless otherwise stated 8431. TAXATION continued
Parts
» GENERAL a. Establishment and general information
» Public offering of securities of the Company
» Subsidiaries GENERAL continued c. Public offering of securities of the Company continued
» GENERAL continued d. Subsidiaries continued
» Basis of preparation of financial statements
» Principles of consolidation SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» Transactions with related parties
» Investments in associated companies
» Inventories SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Prepaid expenses SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued h. Inventories continued
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued l.
» Leases SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued l.
» Deferred charges - land rights
» Borrowings SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued o. Trade payables
» Income tax SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued s. Employee benefits continued
» Financial instruments SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued t. Income tax continued
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued u. Financial instruments continued
» Dividends SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued u. Financial instruments continued
» Basic earnings per share and earnings per ADS
» Provision SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued y. Segment information
» Retirement benefits SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued y. Segment information
» BUSINESS COMBINATIONS a. Acquisitions
» BUSINESS COMBINATIONS continued a. Acquisitions continued
» Disposal of Indonusa BUSINESS COMBINATIONS continued a. Acquisitions continued
» CASH AND CASH EQUIVALENTS 2014
» CASH AND CASH EQUIVALENTS continued 2014
» OTHER CURRENT FINANCIAL ASSETS 2014
» TRADE RECEIVABLES FS YE Audited 2014 English
» TRADE RECEIVABLES continued FS YE Audited 2014 English
» INVENTORIES 2014 FS YE Audited 2014 English
» ADVANCES AND PREPAID EXPENSES 2014
» LONG-TERM INVESTMENTS FS YE Audited 2014 English
» LONG-TERM INVESTMENTS continued FS YE Audited 2014 English
» PROPERTY AND EQUIPMENT FS YE Audited 2014 English
» PROPERTY AND EQUIPMENT continued
» ADVANCES AND OTHER NON-CURRENT ASSETS continued
» INTANGIBLE ASSETS continued FS YE Audited 2014 English
» TRADE PAYABLES 2014 FS YE Audited 2014 English
» ACCRUED EXPENSES 2014 UNEARNED INCOME
» SHORT-TERM BANK LOANS continued
» CURRENT MATURITIES OF LONG-TERM LIABILITIES
» TWO-STEP LOANS continued FS YE Audited 2014 English
» BONDS AND NOTES FS YE Audited 2014 English
» BONDS AND NOTES continued BANK LOANS
» BANK LOANS continued FS YE Audited 2014 English
» BANK LOANS continued BANK LOANS continued NON-CONTROLLING INTERESTS
» CAPITAL STOCK 2014 FS YE Audited 2014 English
» TREASURY STOCK continued FS YE Audited 2014 English
» REVENUES 2014 FS YE Audited 2014 English
» REVENUES continued FS YE Audited 2014 English
» PERSONNEL EXPENSES FS YE Audited 2014 English
» OPERATIONS, MAINTENANCE AND TELECOMMUNICATION SERVICE EXPENSES 2014
» GENERAL AND ADMINISTRATIVE EXPENSES 2014 TAXATION
» TAXATION continued FS YE Audited 2014 English
» TAXATION continued TAXATION continued
» CASH DIVIDENDS AND GENERAL RESERVE
» PENSION AND OTHER POST-EMPLOYMENT BENEFITS 2014
» Other post-employment benefits provisions
» Obligation under the Labor Law provisions
» Nature of relationships and accountstransactions with related parties
» 6,207 2014 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties
» 4,099 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties
» 602 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» 408 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» Cash and cash equivalents Note 4 10,464
» 11,736 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» b. Other current financial assets Note 5
» 900 Trade receivables - net Note 6 746
» d. Advances and prepaid expenses Note 8
» 55 Advances and other non-current assets Note 12
» 826 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» h. Advances from customers and suppliers
» 67 Short-term bank loans Note 17
» j. Short-term bank loans Note 17
» Long-term bank loans Note 21
» 7,463 RELATED PARTY TRANSACTIONS continued b. Transactions with related parties continued
» Significant agreements with related parties
» RELATED PARTY TRANSACTIONS continued
» SEGMENT INFORMATION FS YE Audited 2014 English
» SEGMENT INFORMATION continued FS YE Audited 2014 English
» REVENUE-SHARING ARRANGEMENTS “RSA” FS YE Audited 2014 English
» Fixed line telephone tariffs
» Mobile cellular telephone tariffs
» Capital expenditures continued SIGNIFICANT COMMITMENTS AND AGREEMENTS continued
» Borrowings and other credit facilities
» Borrowings and other credit facilities continued Others
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued c. Others continued
» SIGNIFICANT COMMITMENTS AND AGREEMENTS continued
» CONTINGENCIES FS YE Audited 2014 English
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