EX-99.1 3 u92068exv99w1.txt PRESS RELEASE EXHIBIT 99.1 PRESS RELEASE No.TEL456/PR110/UHI/2002 REVISION TO SOME FIGURES PRESENTED ON TELKOM'S THIRD QUARTER 2002 INFO-MEMO BANDUNG, NOVEMBER 28, 2002 - PT Telekomunikasi Indonesia, Tbk. ("TELKOM") hereby inform that some figures appear in the balance-sheets of TELKOM's third quarter 2002 Info-Memo should be revised due to some improper numbers or calculation results, as follows:
(In Millions of Rupiah and Thousands of U.S. Dollar) --------------------------------------------------------------------------------------------- 2001 2002 ---------- --------------------- (Restated) UNCONSOL. --------------------------------------------------------------------------------------------- Rp Rp U.S.$ 2002 --------------------------------------------------------------------------------------------- ASSETS 1. Sub Total of cash and cash equivalent and short-term Investments - net: Written 3,177,873 7,944,666 864,020 No change SHOULD BE 3,077,873 7,944,565 864,009 No change 2. Sub Total of trade accounts receivables Written 2,530,582 2,307,978 570,834 No change SHOULD BE 2,430,582 3,307,978 359,758 No change LIABILITIES AND EQUITY 1. Tax payable: Written No change No change No change 1,079,793 SHOULD BE No change No change No change 1,063,286 2. Accrued expense: Written No change No change No change 1,262,264 SHOULD BE No change No change No change 1,079,793 ---------------------------------------------------------------------------------------------
The complete revised figures of the balance-sheets is attached to this press release. SETIAWAN SULISTYONO Head of Investor Relations Unit For further information please contact:
Bandung: Jakarta: -------- -------- PT Telekomunikasi Indonesia, Tbk. Investor Relations Unit Tel.: 62-22-4527337 Tel.: 62-21-5215109 E-mail: investor@telkom.co.id Fax.: 62-22-7104743 Fax.: 62-21-5220500
PERUSAHAAN PERSEROAN (PERSERO) PT TELEKOMUNIKASI INDONESIA, TBK. BALANCE SHEETS SEPTEMBER 30, 2001 AND 2002 (In Millions of Rupiah and Thousands of U.S. Dollar)
Consolidated Unconsld. A S S E T S 2001 2002 2002 ----------- ---------- --------------------- ---------- (Restated) --------------------------------------------- Rp Rp U.S.$ --------------------------------------------------------------------------------------------------- CURRENT ASSETS Cash and cash equivalents 2,557,967 7,378,883 802,489 5,250,467 Short-term investments - net 519,906 565,682 61,521 565,682 SUB TOTAL 3,077,873 7,944,565 864,009 5,816,149 Trade accounts receivables Related parties - net of allowance for doubtful accounts of Rp209,998 million in 2001 and Rp519,483 million in 2002 1,103,811 1,399,127 152,162 1,438,016 Third parties - net of allowance for doubtful accounts of Rp289,052 million in 2001 and Rp331,148 million in 2002 1,326,771 1,908,851 207,597 1,077,367 SUB TOTAL 2,430,582 3,307,978 359,758 2,515,383 Other account receivable - net of allowance for doubtful accounts of Rp26,264 million in 2001 and Rp31,216 million in 2002 206,830 166,849 18,146 767,517 Inventories - net of allowance for obsolescence of Rp33,188 million in 2001 and Rp56,642 million in 2002 184,702 230,386 25,055 75,551 Prepaid expenses 284,202 542,306 58,978 301,538 Sinking fund - 111,062 12,079 - TOTAL CURRENT ASSETS 6,184,189 12,303,146 1,338,028 9,476,139 NON CURRENT ASSETS Long-term investments-net 181,284 104,348 11,348 4,925,902 Property, plant and equipment - net of accumulated depreciation of Rp15,283,178 million in 2001 and Rp18,870,782 million in 2002 21,824,990 25,890,299 2,815,693 15,345,840 Property, plant and equipment under revenue-sharing Arrangements - net of accumulated depreciation of Rp827,883 million in 2001 and Rp901,671 million in 2002 469,391 388,181 42,217 388,181 Advances and other noncurrent assets 669,804 998,996 108,646 745,437 Intangible assets 1,559,713 2,163,862 235,330 2,163,862 Advances payment for investment in shares of stock 8,238 268,101 29,157 268,101 Escrow accounts 143,691 129,292 14,061 129,292 Property not used in operations 6,994 6,446 701 6,446 TOTAL NONCURRENT ASSETS 24,864,105 29,949,525 3,257,153 23,973,062 TOTAL ASSETS 31,048,294 42,252,671 4,595,181 33,449,201
PERUSAHAAN PERSEROAN (PERSERO) PT TELEKOMUNIKASI INDONESIA, TBK. BALANCE SHEETS SEPTEMBER 30, 2001 AND 2002 (In Millions of Rupiah and Thousands of U.S. Dollar, except Share Data)
------------------------------------------------------------------------------------------------------- 2001 2002 ---------- ---------------------- (Restated) UNCONSOL. ------------------------------------------------------------------------------------------------------- LIABILITIES AND EQUITY Rp Rp U.S.$ 2002 ------------------------------------------------------------------------------------------------------- CURRENT LIABILITIES Trade accounts payable Related parties 620,126 1,162,709 126,450 828,212 Third parties 764,871 1,783,909 194,009 746,779 Other accounts payable 61,277 125,707 13,671 103,155 Liability for cross-ownership transactions 2,259,313 389,167 42,324 389,167 Taxes payable 1,771,307 1,459,605 158,739 1,063,286 Dividend payable 572,668 667,866 72,634 542,760 Accrued expenses 1,234,110 1,516,889 164,969 1,079,793 Unearned income 245,375 528,985 57,530 67,548 Advances from customers and suppliers 159,102 836,434 90,966 776,511 Current maturities of long-term liabilities 1,528,463 2,821,110 306,809 2,142,109 TOTAL CURRENT LIABILITIES 9,216,612 11,292,381 1,228,101 7,739,319 NONCURRENT LIABILITIES Deferred tax liabilities - net 1,679,420 1,971,291 214,387 1,577,210 Unearned income under revenue-sharing arrangements 242,964 180,202 19,598 180,202 Unearned initial investor payment under joint operation scheme 141,981 67,453 7,336 126,632 Long-term debts - net of current maturities Two-step loans - related party 8,557,355 7,804,054 848,728 7,804,054 Suppliers' credit loans 405,709 283,351 30,816 - Bridging loan 113,281 81,498 8,863 - Liabilities for acquisition of a subsidiary 400,533 - - - Project cost payable 314,625 189,876 20,650 189,876 Bond - 2,353,104 255,911 1,000,000 Bank loan 68,005 149,040 16,209 149,040 Other long-term debts 10,407 9,150 995 - TOTAL LONG-TERM DEBT 9,869,915 10,870,073 1,182,172 9,142,970 TOTAL NONCURRENT LIABILITIES 11,934,280 13,089,019 1,423,493 11,027,014 MINORITY INTEREST IN NET ASSETS OF SUBSIDIARY EQUITY 1,296,195 3,188,402 346,755 - Capital stock - Rp 500 par value per series-A Dwiwarna share and series-B shares. Authorized - 1 A Dwiwarna share and 39,999,999,999 series-B shares Issued and fully paid - 1 A Dwiwarna share and 10,079,999,639 B shares 5,040,000 5,040,000 548,124 5,040,000 Additional paid-in capital 1,073,333 1,073,333 116,730 1,073,333 Difference in value of restructuring transactions between entities under common control (7,402,343) (7,402,343) (805,040) (7,402,343) Difference due to change of equity in associated companies 233,168 258,115 28,071 258,115 Unrealized loss on decline in value of securities (242) - - - Translation adjustment 173,788 179,668 19,540 179,668 Retained earnings: Appropriated 320,393 745,404 81,066 745,404 Un-appropriated: 9,163,109 14,788,692 1,608,341 14,788,692 TOTAL EQUITY 8,601,207 14,682,869 1,596,832 14,682,869 TOTAL LIABILITIES AND EQUITY 31,048,294 42,252,671 4,595,181 33,449,201