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Income Statement (In Rp Billion)

9M07*

9M08

Growth

Cellular Telecommunication Service:
Voice

2,513

5,015

100%

Non Voice

1,873

2,406

28%

Total Cellular Telecommunication Service

4,386

7,421

69%

1,003

1,134

13%

Leased lines

295

367

25%

Leased Towers

-

183

N/A

48

73

50%

344

623

81%

5,733

9,178

60%

Cellular Interconnection and International Roaming Service
Other Telecommunication Services:

Others
Total Other Telecommunication Services
Revenue
Less: Discount

(307)

(73)

-76%

Revenue Net of Discount

5,426

9,105

68%

Interconnection and Telecommunication Service Charges

73%

1,019

1,762

Labor Cost (Permanent & Temporary)

363

542

49%

Sales Commissions & Marketing Expenses

576

1,022

78%

Network Infrastructure Expenses

670

1,093

63%

82

183

124%

Rental Site and Tower

294

392

33%

Total OPEX

Support & Overhead Expenses

3,003

4,994

66%

EBITDA

2,423

4,110

70%

42%

45%

N/A

Depreciation & Amortization

1,240

2,059

66%

EBIT

1,183

2,051

73%

EBITDA Margin

Other Income/(Expenses)
Interest expense

(495)

(722)

46%

Interest income

42

20

-52%
732%

Forex (loss) / gain

18

152

Others

(323)

(319)

-1%

Total Other Expenses

(758)

(869)

15%

Profit Before Tax
Income tax expense

424
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(216)

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9M08

9M07*

Net Income

208

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(6)

Growth
891

328%

(138)

2390%

Impact from WHT on USD bond interest (net of tax)

258

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461

754

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Balance Sheet (In Rp Billion)

9M08

9M07*

Growth

Current Assets
Cash and cash equivalents

611

338

-45%

Trade and other receivables - net

301

382

27%

Prepayments

514

834

62%

87

249

185%

Others
Total Current Assets

1,514

1,803

19%

Non-Current Assets

15,540

23,785

53%

Total Assets

17,054

25,588

50%

2,495

4,265

71%

53

102

93%

365

837

129%

3,181

869

-73%

6,094

6,073

0%

Current Liabilities
Trade and other payables
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Total current liabilities
Non-Current Liabilities
Trade payables

429

222

-48%

Long term loan

1,736

10,617

512%

Deferred tax liabilities
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563

697

24%

3,742

2,677

-28%

68

88

29%

6,537

14,301

119%

12,631

20,374

61%

Share capital & capital surplus

3,401

3,401

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Retained earnings

1,022

1,813

77%

4,422

5,214

18%

17,054

25,588

50%

Total Non-Current Liabilities
Total Liabilities
Equity

Total Equity
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In Billion of Rupiah and In Million of USD

9M07*

9M08

IDR

IDR

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5,093

8,677

70%

Paid capex

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8,009

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6,008

9,224

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Operating Key Performance Indicator

9M08

9M07

Growth

Total O/G Minutes of Usage (billion minutes)

3.2

37.9

1,076%

O/G MOU/subs/month (minutes)

34

204

492%

Total Minutes (billion minutes)

6.7

75.4

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Total MOU/subs/month (minutes)

71

406

468%

Total O/G SMS (billion SMS)

8.8

12.7

45%

O/G SMS/subs/month (SMS)

94

69

-27%

Total BTS

9,947

15,111

52%

Total Subs/BTS

1,288

1,660

29%

0.7

5.0

642%

Total Minutes/BTS (million minutes)
Number of Employee, (permanent)

2,126

2,153

1%

Efficiency ratio (subs/employee)

6,026

11,652

93%

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9M08

9M07

Growth

Revenue (in Rp billion)
Postpaid
Prepaid
Total # subscriber (000)
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Postpaid
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598

654

9%

3,713

6,736

81%

12,810

25,087

96%

12,369

24,622

99%

442

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