-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DgvnErwqXE2HrK617569ak2JNwjWR8TMUI4+SgxRzrFNBc3S7JfOtHkdpl2CskrZ 53+lKjQhAJ8RQz/ggQM8jA== 0000950123-09-055382.txt : 20091030 0000950123-09-055382.hdr.sgml : 20091030 20091030122704 ACCESSION NUMBER: 0000950123-09-055382 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20091030 FILED AS OF DATE: 20091030 DATE AS OF CHANGE: 20091030 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK CENTRAL INDEX KEY: 0001001807 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 999999999 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14406 FILM NUMBER: 091147191 6-K 1 u00418e6vk.htm PT TELEKOMUNIKASI INDONESIA PT TELEKOMUNIKASI INDONESIA
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13 a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of October, 2009
Perusahaan Perseroan (Persero) PT TELEKOMUNIKASI INDONESIA
 
(Translation of registrant’s name into English)
Jalan Japati No. 1 Bandung-40133 INDONESIA
 
(Address of principal executive office)
[Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.]
Form 20-F þ       Form 40-F o
[Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934]
Yes o       No þ
[If “yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ]
 
 

 


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SIGNATURES


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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf by the undersigned, thereunto duly authorized.
         
  Perusahaan Perseroan (Persero)  
  PT TELEKOMUNIKASI INDONESIA  
  (Registrant)    
 
Date October 30, 2009  By   /s/ Heri Supriadi    
  (Signature)
 
 
  Heri Supriadi
VP Investor Relations/ Corporate Secretary 

 


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PRESS RELEASE
No. TEL. 181/PR000/COM-10/2009
TELKOM FILED ITS THIRD QUARTER UNAUDITED CONSOLIDATED
FINANCIAL STATEMENTS 2009
Jakarta, October 30, 2009— Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk. (“TELKOM” or the “Company”) has filed its un-audited Financial Statements for the nine months period ended September 30, 2009 to BAPEPAM-LK (Capital Market Supervisory Agency), which consists of Consolidated Balance Sheets, Consolidated Statement of Income, Statement of Cash Flows and Consolidated Statement of Changes in Equity prepared in accordance with Generally Accepted Accounting Principles in Indonesia.
Complete copies of both balance sheets and income statements for the un-audited third quarter 2009 are attached to this Press Release. For complete version of all the documents above, please visit www.telkom.co.id
Summary of the balance sheet and income statements as attached to this Press Release, are as follows :
                         
      Q3/2008     Q3/ 2009        
    (In Billion Rp.)     % Increase (decrease) 
Total Assets
    86,029       95,216       10.7  
Total Liabilities
    44,606       47,943       7.5  
Minority Interest
    8,830       9,766       10.6  
Total Equity
    32,593       37,507       15.1  
Operating Revenue
    44,650       47,114       5.5  
Operating Expense
    27,471       29,160       6.1  
Operating Income
    17,179       17,954       4.5  
Net Income
    8,920       9,300       4.3  
EBITDA
    25,980       28,136       8.3  
EBITDA Margin (%)
    58.2 %     59.7 %     1.5  
The Financial Statements are prepared in according with Gen.erally Accepted Accounting Standard in Indonesia
                             
    Unit   Q3 2008     Q3 2009     % Increase
(decrease)
Line in Service:
                           
- Wire line
  Subs (000)     8,580       8,703       1.4  
- Wireless
  Subs (000)     9,151       14,886       62.7  
Total Fixed Lines
  Subsc (000)     17,731       23,589       33.0  
Customer Base Cellular:
                           
- kartuHALO
  Subs (000)     1,947       2,051       5.3  
- simPATI
  Subs (000)     38,076       56,863       49.3  
- Kartu As
  Subs (000)     20,480       20,860       1.9  
Total Customer Base Cellular
  Subs (000)     60,503       79,774       31.9  
ADSL (Speedy)
  Subs (000)     593       979       65.2  
MOU Cellular
  Billion minutes     58.8       100.8       71.4  
ARPU Cellular/month
  Rp. ‘000     60       48       (20.0 )
As of September 30, 2009, TELKOM recorded an increase in total revenue of Rp2,465 billion or 5.5% as compared to prior period, which was mostly contributed by an increase in Cellular revenue by Rp2,760 billion or 15.1%. Data, Internet and IT Services revenue increased by Rp1,534 billion or 14.1%. Meanwhile, Fixed Line revenue and Interconnection revenue declined by Rp1,078 billion or 14.5% and Rp899 billion or 13.5%, respectively.

 


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As of September 30, 2009, Operating expenses increased by Rp1.689 billion or 6.1% as compared to prior period. The increase was mostly contributed by an increase in Depreciation expenses of Rp1,320 billion and an increase in Maintenance and Operating expenses of Rp1.096 billion in line with addition in productive assets. While Personnel expenses declined by Rp749 billion.
As a result of the increase in Operating revenue of Rp2,465 billion and the increase in Operating expenses of Rp1,689 billion as mentioned above, Operating Income increased by Rp776 billion or 4.5% and EBITDA increased by 8.3%. While Net Income increased by Rp381 billion or 4.3%.
On August 18, 2009, PT Dayamitra Telekomunikasi (Dayamitra) entered into a Conditional Sale and Purchase and Share Subscription Agreement with selling shareholders of PT Solusindo Kreasi Pratama (Solusindo) that enable Dayamitra to acquire 80% interest in Solusindo, a company that involves in tower provider for telecommunication operators.
TELKOM’s President Director, Rinaldi Firmansyah, stated that: “In line with our strategy to strengthen the core and grow new wave, we have undertaken various actions to maintain our strong position for all product and services which result in improving performance amid increasingly competitive business climate.
TELKOM’s Director of Finance, Sudiro Asno, added that: “Supported by well managed expense and capex, we successfully achieved expected results as reflected in TELKOM’s sound operational and financial results until the third quarter of 2009.
HERI SUPRIADI
Acting Vice President Investor Relations & Corporate Secretary
For further information, please contact:
Investor Relations Unit
PT TELEKOMUNIKASI INDONESIA, Tbk
Tel:
     62-21-5215109
Fax:
     62-21-5220500
Email: investor@telkom.co.id
Website: www.telkom.co,.id
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk. (“TELKOM” or the “Company”) is the biggest full service and network provider in Indonesia. TELKOM’s majority-owned subsidiary Telkomsel is also the largest Indonesian mobile cellular operator, as measured by subscribers and revenues. The Company also provides a wide range of other telecommunication services including interconnection, network, data and internet services, and other telecommunications services. TELKOM’s shares are listed in the Indonesian Stock Exchange (IDX: TLKM) and its American Depository Shares are listed in the New York Stock Exchange (NYSE:TLK) and London Stock Exchange (LSE:TKIA)

 


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PERUSAHAAN PERSEROAN (PERSERO)
P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
SEPTEMBER 30, 2008 AND 2009
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars)
                                 
            2008*)     2009  
    Notes     Rp.     Rp.     US$ (Note 3)  
ASSETS
                               
 
                               
CURRENT ASSETS
                               
Cash and cash equivalents
    2c,2e,5,44       7,545,364       7,212,193       746,218  
Temporary investments
    2c,2f,44,53       273,618       286,648       29,658  
Trade receivables
    2c,2g,6,37,44                          
Related parties — net of allowance for doubtful accounts of Rp.181,774 million in 2008 and Rp.124,432 million in 2009
            393,465       751,997       77,806  
Third parties — net of allowance for doubtful accounts of Rp.1,056,359 million in 2008 and Rp.1,457,400 million in 2009
            2,780,263       3,136,896       324,563  
Other receivables — net of allowance for doubtful accounts of Rp.11,969 million in 2008 and Rp.10,732 million in 2009
    2c,2g,44       173,037       118,144       12,224  
Inventories — net of allowance for obsolescence of Rp.62,462 million in 2008 and Rp.73,541 million in 2009
    2h,7,37       399,916       437,877       45,305  
Prepaid expenses
    2c,2i,8,44       1,860,933       2,696,294       278,975  
Claims for tax refund
    38, 53       408,011       216,326       22,382  
Prepaid taxes
    38, 53       160,549       850,732       88,022  
Other current assets
    2c,9,44       21,044       34,877       3,609  
 
                         
Total Current Assets
            14,016,200       15,741,984       1,628,762  
 
                         
 
                               
NON-CURRENT ASSETS
                               
Long-term investments — net
    2f,10       141,559       146,323       15,139  
Property, plant and equipment — net of accumulated depreciation of Rp.59,993,339 million in 2008 and
    2k,2l,4,11,                          
Rp.70,843,414 million in 2009
    19,20,23,53       65,940,943       73,922,446       7,648,468  
Property, plant and equipment under Revenue-Sharing Arrangements — net of accumulated depreciation of Rp.549,620 million in 2008 and Rp.194,729 million in 2009
    2m,12,34,46       570,878       404,275       41,829  
Prepaid pension benefit cost
    2i,2r,41       697       782       81  
Advances and other non-current assets
    2c,2k,2o,13,                          
 
    29,44,48       1,957,756       2,347,208       242,857  
Goodwill and other intangible assets — net of accumulated amortization of Rp.5,999,184 million in 2008 and
    2d,2j,4,                          
Rp.7,303,266 million in 2009
    14,37,53       3,356,763       2,606,678       269,703  
Escrow accounts
    2c,15,44       43,861       46,236       4,784  
 
                         
 
                               
Total Non-current Assets
            72,012,457       79,473,948       8,222,861  
 
                         
 
                               
TOTAL ASSETS
            86,028,657       95,215,932       9,851,623  
 
                         
 
*) As restated (Note 53)
See accompanying notes to consolidated financial statements, which form an integral part of the consolidated financial statements.

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PERUSAHAAN PERSEROAN (PERSERO)
P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (UNAUDITED) (continued)
SEPTEMBER 30, 2008 AND 2009
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars)
                                 
            2008*)     2009  
    Notes     Rp.     Rp.     US$ (Note 3)  
LIABILITIES AND STOCKHOLDERS’ EQUITY
                               
 
                               
CURRENT LIABILITIES
                               
Trade payables
    2c,16,44                          
Related parties
            1,516,110       1,479,657       153,094  
Third parties
            7,445,795       7,809,197       807,987  
Other payables
    53       23,353       18,397       1,904  
Taxes payable
    2s,38       1,105,281       1,922,821       198,948  
Dividend payable
            2,855,632       405,175       41,922  
Accrued expenses
    2c,17,35,44       2,874,725       2,896,662       299,706  
Unearned income
    2q,18       3,135,568       2,703,086       279,678  
Advances from customers and suppliers
            197,090       235,462       24,362  
Short-term bank loans
    2c,19,44       53,449       35,800       3,704  
Current maturities of long-term liabilities
    2c,2l,20,44       6,450,582       8,268,247       855,483  
 
                         
Total Current Liabilities
            25,657,585       25,774,504       2,666,788  
 
                         
 
                               
NON-CURRENT LIABILITIES
                               
Deferred tax liabilities — net
    2s,38,53       2,923,598       3,304,478       341,901  
Unearned income on Revenue-Sharing Arrangements
    2m,12,46       336,534       205,727       21,286  
Accrued long service awards
    2c,2r,42,44       83,630       165,431       17,117  
Accrued post—retirement health care benefits
    2c,2r,43,44       2,645,150       2,019,054       208,904  
Accrued pension and other post- retirement benefits costs
    2c,2r,41,44       1,213,422       854,761       88,439  
Long-term liabilities — net of current maturities
                               
Obligations under finance leases
    2l,11,20       228,380       221,308       22,898  
Two-step loans — related party
    2c,20,21,44       3,468,125       3,256,906       336,979  
Notes
    2l,20,22             27,000       2,793  
Bank loans
    2c,20,23,44       6,439,296       11,681,098       1,208,598  
Deferred consideration for business combinations
    20,24       1,609,746       432,997       44,801  
 
                         
Total Non-current Liabilities
            18,947,881       22,168,760       2,293,716  
 
                         
MINORITY INTEREST
    25,53       8,829,928       9,766,000       1,010,450  
 
                         
 
*)      As restated (Note 53)
See accompanying notes to consolidated financial statements, which form an integral part of the consolidated financial statements.

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PERUSAHAAN PERSEROAN (PERSERO)
P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (UNAUDITED) (continued)
SEPTEMBER 30, 2008 AND 2009
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars)
                                 
            2008*)     2009  
    Notes     Rp.     Rp.     US$(Note 3)  
STOCKHOLDERS’ EQUITY
                               
Capital stock — Rp.250 par value per Series A Dwiwarna share and Series B share
                               
Authorized - 1 Series A Dwiwarna share and 79,999,999,999 Series B shares
                               
Issued and fully paid - 1 Series A Dwiwarna share and 20,159,999,279 Series B shares
    1c,26       5,040,000       5,040,000       521,469  
Additional paid-in capital
    2u,27       1,073,333       1,073,333       111,054  
Treasury stock - 480,163,000 shares in 2008 and 490,574,500 shares in 2009
    2u,28       (4,202,255 )     (4,264,214 )     (441,202 )
Difference in value arising from restructuring transactions and other transactions between entities under common control
    2d,29       270,000       478,000       49,457  
Difference due to change of equity in associated companies
    2f       385,595       385,595       39,896  
Unrealized holding gain from available-for-sale securities
    2f       (2,596 )     16,127       1,669  
Translation adjustment
    2f       228,805       244,468       25,294  
Difference due to acquisition of minority interest in subsidiary
    1d,2d             (426,358 )     (44,114 )
Retained earnings
                               
Appropriated
            10,557,985       15,336,746       1,586,833  
Unappropriated
            19,242,396       19,622,971       2,030,313  
 
                         
 
Total Stockholders’ Equity
            32,593,263       37,506,668       3,880,669  
 
                         
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
            86,028,657       95,215,932       9,851,623  
 
                         
 
*)     As restated (Note 53)
See accompanying notes to consolidated financial statements, which form an integral part of the consolidated financial statements.

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PERUSAHAAN PERSEROAN (PERSERO)
P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2008 AND 2009
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars, except per share and per ADS data)
                                 
            2008     2009  
    Notes     Rp.     Rp.     US$ (Note 3)  
OPERATING REVENUES
                               
Telephone
    2q,30                          
Fixed lines
            7,452,847       6,374,364       659,531  
Cellular
            18,280,741       21,041,240       2,177,055  
Interconnection
    2c,2q,31,44                          
Revenues
            9,022,406       7,919,112       819,360  
Expenses
            (2,383,169 )     (2,179,021 )     (225,455 )
 
                         
Net
            6,639,237       5,740,091       593,905  
 
                               
Data, internet and information technology services
    2q,32,53       10,895,280       12,428,788       1,285,958  
Network
    2c,2q,33,44,53       741,042       761,716       78,812  
Revenue-Sharing Arrangements
    2m,12,34,46       267,518       117,849       12,193  
Other telecommunications services
    2q,53       372,860       650,342       67,288  
 
                         
 
Total Operating Revenues
            44,649,525       47,114,390       4,874,742  
 
                         
 
                               
OPERATING EXPENSES
                               
Depreciation
    2k,2l,2m,                          
 
    11,12,13,53       7,883,034       9,202,664       952,164  
Personnel
    2c,2r,17,35,                          
 
    41,42,43,44       6,490,783       5,742,177       594,121  
Operations, maintenance and telecommunication services
    2c,2q,36,44       8,787,531       9,883,896       1,022,648  
General and administrative
    2g,2h,2q,6,                          
 
    7,14,37,53       2,732,194       2,836,705       293,503  
Marketing
    2q       1,577,315       1,494,657       154,646  
 
                         
Total Operating Expenses
            27,470,857       29,160,099       3,017,082  
 
                         
OPERATING INCOME
            17,178,668       17,954,291       1,857,660  
 
                         
 
OTHER (EXPENSES) INCOME
                               
Interest income
    2c,44       495,233       341,785       35,363  
Equity in net (loss) income of associated companies
    2f,10       2,476       (21,320 )     (2,206 )
Interest expense
    2c,44       (1,001,438 )     (1,471,769 )     (152,278 )
Gain (loss) on foreign exchange — net
    2p       (63,806 )     774,784       80,164  
Others — net
            326,769       206,701       21,387  
 
                         
Other expenses — net
            (240,766 )     (169,819 )     (17,570 )
 
                         
 
INCOME BEFORE TAX
            16,937,902       17,784,472       1,840,090  
 
                               
TAX (EXPENSE) INCOME
    2s,38                          
Current
            (4,987,058 )     (4,597,272 )     (475,662 )
Deferred
            165,138       (399,605 )     (41,346 )
 
                         
 
            (4,821,920 )     (4,996,877 )     (517,008 )
 
                         
INCOME BEFORE MINORITY INTEREST IN NET INCOME OF CONSOLIDATED SUBSIDIARIES
            12,115,982       12,787,595       1,323,082  
 
                               
MINORITY INTEREST IN NET INCOME OF CONSOLIDATED SUBSIDIARIES — net
    25       (3,196,094 )     (3,487,133 )     (360,800 )
 
                         
NET INCOME
            8,919,888       9,300,462       962,282  
 
                         
 
BASIC EARNINGS PER SHARE
    2w,39                          
Net income per share
            451.08       472.84       0.04  
Net income per ADS
                               
(40 Series B shares per ADS)
            18,043.20       18,913.60       1.60  
See accompanying notes to consolidated financial statements, which form an integral part of the consolidated financial statements.

4

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