Shifting The Paradigm
Bakrie Telecom
2009 Annual Report
“Cool Music
Downloads,
But Uncool
Quality…”
“Paying an arm
and a leg for a
short text…”
”Getting a new
mobile number
feels like a real
gamble...”
Shifting The Paradigm
”Calling abroad
is a nail-biting
experience...”
“Their tariffs are
non negotiable…”
“Browse with your
handset, the bill will
make you sad…”
Contents
1
2
4
5
6
10
12
13
Theme
Bakrie Telecom at a Glance
Vision Mission
Recognitions
Coverage Area
Financial Highlights & Operational
Share Highlights
Report to
Shareholders
Report of the Board of Commissioners
Shifting The
Paradigm
BTEL Business Model
Disruptive Innovation – Our DNA
Shifting The Paradigm
28
30
34
38
40
46
47
50
56
59
Industry Overview
Review of Operating Results
Financial Review
Additional Important Information
Business Development
60
Report of the Board of Directors
20
22
24
26
Management
Discussion and Analysis
Event Highlights
14
16
18
44
Operational
Review
Products and Services
Sales and Marketing
Networks and Infrastructure
Human Resources
62
78
80
81
Sustainability
Report
Corporate Governance
Audit Committee Report
Risk Management Committee Report
Remuneration and Nomination
Committee Report
82
84
88
Control Systems
Risk Management
Corporate Social Responsibility
90
Corporate
Data
92
94
96
97
98
100
101
102
Board of Commissioners Profile
103
Financial Reports
Board of Directors Profile
Senior Management Profile
Organization Structure
Gerai Esia
Name and Addresses of Supporting Professional
Definitions and Abbreviations
Responsibility for 2009 Annual Reporting
Shifting The Paradigm
The Year 2009 was a year where
BTEL made numerous breakthroughs
in the national telecommunication
industry. Like great innovators, every
step taken by the Company always
leaves footprints that are followed by
competitors. In that year, BTEL changed
the paradigm of the operator that
determines everything, to a paradigm
where the customer can choose the
type of telecommunications product or
service, according to their respective
preferences. That is exactly why the
year 2009 is referred to as the year
when BTEL was “shifting the paradigm”.
Bakrie Telecom at a Glance
PT Bakrie Telecom Tbk. (BTEL or the Company) is a fixed wireless
access (FWA) with limited mobility) service provider using CDMA
2000 1x technology. BTEL is known for its innovative and exciting
products and services that always leads the market through Esia,
Wifone, Wimode, EsiaTel and SLI Hemat 009 brands.
The Company was incorporated in 1993 under the name of
PT Radio Telepon Indonesia. In 2003, the Company changed its name
to PT Bakrie Telecom. Bakrie Telecom was listed on the Indonesia
Stock Exchange in February 2006 under the ticker symbol BTEL. In
2007 the Ministry of Communications and Informatics issued BTEL
a license for nationwide operation, followed by a license to conduct
international direct dial (IDD) service. The following year, BTEL got a
licence to provide direct long distance (DLD) service.
As of the end of 2009, BTEL subscribers had reached 10.6 million,
spread across 79 cities and supported by 3,677 base transceiver
station (BTS) networks. Service to customers is provided through
two call centers, 90 Gerai Esia and more than 98,000 sales outlets
throughout Indonesia.
Timeline
1993
2003
2004
2005
Founded as PT Ratelindo,
a PT Bakrie & Brothers
subsidiary with a fixed line
telephony business using
E-TDMA technology
Migrated to CDMA
2000 1x technology and
changed its name to
PT Bakrie Telecom
• Introduced FWA with
limited mobility services
under the Esia name in
the Jakarta, Banten and
West Java (JBJB) areas
• Launched “Talk Time”
campaign
• Launched “Esia Hujan
Duit” campaign
2
Bakrie Telecom 2009 Annual Report
• Extended coverage to
various new regions
2006
2007
2008
2009
• Conducted a
Rp 605 billion IPO Stock
Offering on the Jakarta
Stock Exchange
• Introduced Wimode, a
USB modem for internet
access
• Conducted Rp 3.0
trillion rights issue
• Launched SLI Hemat
009 service
• Introduced Rp 1 per
character SMS service
• Obtained additional
frequency for the JBJB
region
• Introduced Wifone,
a wireless home
telephone with features
similar to handphones
• Secured US$ 145
million syndicated loan
lead-arranged by Credit
Suisse
• Issued Rp 650 billion
bonds
• Obtained a national
FWA and IDD license
• Introduced several
thematic handsets, each
with its own uniqueness
• Obtained a DLD license
• Finalized the sale and
leaseback transaction
for 543 towers
• Won third place in
the “2009 Investment
Award”
• Won “Best CDMA
Operator 2007”
Bakrie Telecom 2009 Annual Report
3
Vision Mission
Vision
To create a better life for
Indonesians by providing them
information connectivity.
Mission
To provide affordable and high
quality information connectivity.
4
Bakrie Telecom 2009 Annual Report
Recognitions
1. “Top Brand Award 2009” for the Top of Mind Share, Top of Market
Share and Top of Commitment Share in the Prepaid & Postpaid
CDMA category
2. “Best Brand Award 2009” for Best CDMA Brand operator, from
MARS Research Institute and SWA Magazine
3. Five awards for “The First Annual Contact Center and Customer
Service Awards” from Omni Touch International:
- Best of the Best Award for “Best Use of IVR to promote The
Company “
- Gold Award for “Best Revenue Generation”
- Gold Award as “The Best Asking For The Business”
- Silver Award for “Best Use of Customer Name to Build Rapport “
- Silver Award for “Best Use of Upsell”
4. Seven awards for the “Best Contact Center 2008” from the Contact
Center Association Indonesian:
- Platinum Award for “The Best Business Contribution”
- Gold Award as “Best Operational CC below 100 seats”
- Gold Award as “The Best Back Office Support”
- Platinum Award for “The Best Quality Assurance”
- Two Bronze Award as “The Best Agent Inbound & Outbound “
- Silver Award as “The Best Manager of above 100 seats”
5.
6. “The Best Contact Centre of the Year” from the Asia-Pacific
Contact Centre Association Leaders
7. “The Best Tariff” in the Indonesian Cellular Show Awards
2009”
8. ”Indonesian Customer Satisfaction Award (ICSA) in 2008” for
the category of FWA Prepaid and Postpaid SIM Cards, from
SWA Magazine and Frontier
9. “Most Recommended Brand by Customer” by SWA Magazine
10. “The Best in Marketing Campaign” and “The Best Innovation
in Marketing “ by Marketing Magazine
11. ”Gadget Award 2009” for the Best Provider of CDMA, from
Gadget Magazine
12. “Market Challenger of the Year” from Frost & Sullivan
Indonesia Telecom Award
13. “Investment Award 2009” for the third best company in the
Domestic Investment Agency category, from the Investment
Coordinating Board, Republic of Indonesia, and Bisnis
Indonesia Daily
Three awards from the Center of Customer Satisfaction & Loyalty:
- Golden Star Award for Service frontliners, Call Center
- Silver Service Star Award for frontliners, Call Center
- Supervisor Service Star Award for frontliners, Call Center
Bakrie Telecom 2009 Annual Report
5
Event Highlights
6
23 January
29 January
2 February
Joint promotion with Sriwijaya Air
by offering special discounts for Esia
subscribers who travel with Sriwijaya Air.
Award ceremony of “Isi Ulang Bawa
Rejeki”, a program to enhance loyalty
among prepaid subscribers.
Awarding scholarships to 12 student
achievers from Bakrie School of
Management, Class of 2008.
7 April
15 April
4 May
Official ceremony for the inauguration of
service in Bukittinggi, West Sumatera.
The launch of SLI Hemat 009 Service.
Introduction of Esia Pelita Jaya basketball
team.
Bakrie Telecom 2009 Annual Report
27 February
6 March
20 March
Town Hall Meetings as a means of
socialization and communication for all
BTEL employees.
Donating basic necessities to flood
victims in Solo, Central Java.
The launch of Rp 5,000 Starter Pack
in Medan, Palembang, Semarang,
Surabaya and Makassar.
19 May
16 June
17 June
The launch of new Esia 8 starter pack.
AGM approved the Company’s
performance for the year 2008.
Official ceremony for the beginning of
Gerakan Bandung Hijau (Taman Esia).
Bakrie Telecom 2009 Annual Report
7
Event Highlights
8
19 July
23 July
26 August
Umroh with five lucky pairs of Hape Esia
Hidayah subscribers.
The launch of HapESIAga, a loss
insurance program in collaboration with
ACE Insurance.
The launch of Esia Bispak program.
6 October
7 October
11 November
Offering relief for Padang Earthquake
Recovery by providing free phone call
and SMS services among Esia users from
cities in West Sumatra to Jakarta.
The launch of Esia Suka Suka starter
pack.
Market Challenger of the Year Award
from Frost & Sullivan.
Bakrie Telecom 2009 Annual Report
28 August
10 September
14 September
Official ceremony for the inauguration of
service in Mataram, West Nusa Tenggara.
Donating zakat to 1,000 orphans and
underprivileged people, while breaking
the fast together.
Award ceremony of Gosok Pasti Untung
program.
24 November
9 December
16 December
The launch of Hape Esia Musik.
Named third Best Company in the
domestic investment company category
during 2009 Investment Awards,
sponsored by the Indonesian Investment
Coordinating Board.
The launch of Hape Esia Online.
Bakrie Telecom 2009 Annual Report
9
Coverage Area
Region 1
Region 2
Region 3
Region 4
Jabodetabek & Banten West Java
Central Java
East Java, Bali & Nusra
1
Jakarta
1
Bandung
1
Yogyakarta
1
Surabaya
2
Bogor
2
Cirebon
2
Semarang
2
Malang
3
Serang
3
Tasikmalaya
3
Solo
3
Mojokerto
4
Karawang
4
Garut
4
Ungaran
4
Denpasar
5
Sukabumi
5
Indramayu
5
Salatiga
5
Sidoarjo
6
Rangkasbitung
6
Purwakarta
6
Klaten
6
Gresik
7
Cianjur
7
Boyolali
7
Bangkalan
8
Kuningan
8
Tegal
8
Lamongan
9
Subang
9
Purwokerto
9
Gianyar
(Nusa Tenggara)
10 Sumedang
10 Magelang
10 Pasuruan
11 Majalengka
11 Pekalongan
11 Jember
12 Temanggung
12 Kediri
13 Demak
13 Madiun
14 Kudus
14 Singaraja
15 Cilacap
15 Banyuwangi
16 Purwodadi
16 Mataram
17 Wonosari
10
Bakrie Telecom 2009 Annual Report
Gross Operating Revenue
2009
9%
3%
9%
18%
61%
2008
11%
4%
7%
13%
Region 5
Northern Sumatera
Region 6
Southern Sumatera
Region 7
Voice
Pamasuka
SMS
(Papua • Maluku • Sulawesi • Kalimantan)
1
Medan
1
Lampung
1
Makassar
2
Padang
2
Palembang
2
Banjarmasin
3
Pekanbaru
3
Jambi
3
Banjarbaru
4
Batam
4
Metro Lampung
4
Martapura
5
Binjai
5
Balikpapan
6
Pariaman
6
Samarinda
7
Pematang Siantar
7
Tenggarong
8
Kisaran
8
Pontianak
9
Bukittinggi
9
Manado
10 Tanjung Pinang
VAS, Data, Internet
Non Usage
Interconnection Service
10 Tondano
11 Tomohon
12 Airmadidi
13 Singkawang
14 Sangata
15 Batulicin
Bakrie Telecom 2009 Annual Report
65%
11
Financial Highlights
Number of Subscribers (in million)
2005
12,500
10,606.9
10,000
7,304.5
7,500
3,820.7
2,500
486.6
05
06
07
08
09
2009
Total Gross Operating Revenue
403.8
919.9
1,672.0
2,805.3
3,435.6
243.8
607.9
1,289.9
2,202.3
2,742.6
29.8
291.5
545.4
822.8
1,269.1
Net Income
0
2008
Net Operating Revenue
EBIT
1,547.5
2007
Statements of Income (in billion Rupiah)
EBITDA
5,000
2006
Basic Earnings per Share
(99.9)
138.8
318.3
378.6
288.4
(144.3)
72.7
144.3
136.8
98.4
(16.1)
3.9
7.7
5.2
3.5
-
3.9
7.4
5.2
-
Cash and Cash Equivalents
254.3
239.4
295.7
501.6
715.7
Other Current Assets
141.8
288.0
631.3
1,806.7
1,016.1
Total Non-Current Assets
1,126.6
1,689.7
3,737.2
6,237.7
9,704.5
Total Assets
1,522.6
2,217.1
4,664.2
8,546.0
11,436.3
199.5
299.5
514.4
1,067.5
2,062.0
Diluted Earnings per Share
Balance Sheets (in billion Rupiah)
Minutes of Usage (in millions of minutes)
20,000
18,448
15,000
12,637
10.000
5,309
5,000
684
06
Total Non-Current Liabilities
483.5
422.2
2.274.6
2,396.4
4,337.4
Total Liabilities
682.9
721.7
2,789.0
3,463.9
6,399.3
Total Equity
839.6
1,495.4
1,875.2
5,082.1
5,036.9
13,279.4
18,816.1
18,953.7
28,482.4
28,482.4
60.4
66.1
77.1
78.5
79.8
7.4
31.7
32.6
29.3
36.9
(24.7)
15.1
19.0
13.5
8.4
Number of Shares Outstanding (million)
2,202
Ratios (%)
0
05
Total Current Liabilities
07
08
09
Net Operating Margin
EBITDA Margin
EBIT Margin
Net Profit Margin
Gross Operating Revenue (in billion Rupiah)
4,000
3,435.6
2,805.3
3,000
2,000
7.9
8.6
4.9
2.9
Current Ratio
198.5
(35.7)
176.1
180.2
216.2
84.0
Debt to Equity
61.9
31.6
121.1
48.3
96.1
Net Debt to Equity
31.6
15.6
105.3
38.4
82.0
ROA
(9.5)
3.3
3.1
1.6
0.9
ROE
(17.2)
4.9
7.7
2.7
1.9
2005
2006
2007
2008
2009
1.672.0
919.9
1,000
403.8
0
05
06
07
08
09
Operational Highlights
EBITDA (in billion Rupiah)
Number of Subscribers
1,500
1,269.1
1,250
822.8
750
545.4
500
291.5
250
29.8
0
05
12
06
07
08
Bakrie Telecom 2009 Annual Report
09
486,604
1,547,557
3,820,701
7,304,543
10,606,901
Prepaid
351,826
1,414,920
3,695,817
7,196,518
10,515,715
Postpaid
134,778
132,637
124,884
108,025
91,186
BTS (units)
235
408
1,200
2,772
3,677
ARPU (Rp)
117,000
71,000
53,000
42,000
33,000
Prepaid
71,000
57,000
47,000
42,000
33,000
Postpaid
159,000
145,000
144,000
137,000
110,000
684
2,202
5,309
12,637
18,448
Minutes of Usage (in millions of minutes)
Share Highlights
BTEL Share Performance
Index/Price (Rp)
Volume (in million)
500 –
– 4,500
450 –
– 4,000
400 –
– 3,500
350 –
– 3,000
300 –
– 2,500
250 –
– 2,000
200 –
– 1,500
150 –
– 1,000
100 –
– 500
50 –
–0
Dec
Nov
Oct
Sep
Aug
Jul
Jun
May
Apr
Mar
Feb
Jan 09
Dec
Nov
Oct
Sep
Aug
Jul
Jun
May
Apr
Mar
Feb
Jan 08
Dec
Nov
Oct
Sep
Aug
Jul
Jun
May
Apr
Mar
Feb
Jan 07
Dec
Nov
Oct
Sep
Aug
Jul
Jun
May
Apr
Mar
Feb
Jan 06
0–
Volume (in million)
Closing Price
Market Capitalization
2007
420
18,953,676,867
7,960,544,284,140
Closing Price
Shares Outstanding
Market Capitalization
2008
51
28,482,417,579
1,452,603,296,529
2009
147
28,482,417,579
4,186,915,384,113
Price Movement
Period
Quarter 1
Quarter 2
Quarter 3
Quarter 4
Highest
300
465
460
490
2007
Lowest
245
160
275
405
Closing
290
410
400
420
Highest
420
335
310
185
2008
Lowest
330
255
210
50
Closing
340
265
250
51
Highest
53
166
160
163
2009
Lowest
50
50
123
110
Closing
51
130
141
147
Chronology of Shares Listing
Type of Listing
Public Offering
Company Listing
Rights Issue
Date of Listing
3 February 2006
3 February 2006
29 February 2008
Total Shares
5,500,000,000
18,779,415,495
28,482,417,579
Bond Information
Bonds Name
Bakrie Telecom Bond I
Nominal Amount
650,000,000,000
Rating
id A-
Interest Rate
11.90 p.a.
Maturity Date
4 Sept 2012
Shareholders (per 31 December 2009)
60.41%
39.59%
Public
PT Bakrie Brothers Tbk
Bakrie Telecom 2009 Annual Report
13
Report to
Shareholders
• Report of the Board of Commissioners
• Report of the Board of Directors
12
Bakrie Telecom 2009 Annual Report
With SLI Hemat 009, get
premium quality voice with minimal cost, save up to 77%
on international calls!
Report of the Board of Commissioners
Dear Honored Shareholders,
During 2009, which was not easy for the Indonesian telecommunications industry in general, BTEL successfully recorded significant steps
forward. Thus heartened, we would like to present our remarks in this Annual Report of PT Bakrie Telecom Tbk.
2009 Achievements
The Commissioners recorded satisfactory performance in the year 2009 from the addition of new subscribers to total 10.6 million, followed
by an increase in revenues to Rp 3,435.6 billion. Operational area now covers 79 cities and supported by 3,677 BTS, most of which are
already co-located. The Company also introduced the 009 SLI Hemat service that provides a new alternative for Indonesian residents in
making international calls.
One thing which BTEL is always proud of is its ability to continually come up with a variety of innovations. In 2009, the Company stormed
the market with a Shifting The Paradigm strategy. While the old paradigm in the telecommunications industry was where operators decide
everything, the BTEL paradigm allows the customer to be able to choose their telecommunications services according to their individual
preferences. Understanding that the communication needs of each person are different is in line with the BTEL vision to provide a better
life for the Indonesian people by providing information connectivity.
In 2009, the Company adopted the Faster, Better and Cheaper (FBC) culture as a manifestation of an organization that always wants to be
the leader in its field. Through the FBC program, every employee is given the opportunity to contribute what, why and how BTEL could be
faster, better and cheaper than its competitors.
16
Bakrie Telecom 2009 Annual Report
“In accordance with the BTEL goal to be a good governed company, the role
of the Board of Commissioners is becoming increasingly important in the
implementation of the principles of good corporate governance through its
oversight function.”
Corporate Governance
In accordance with the BTEL goal to become a good governed company, the role of the Board of Commissioners is becoming increasingly
important in the implementation of the principles of good corporate governance through its oversight function. The Board of
Commissioners monitors and evaluates the implementation of strategic policies of the Company through reports of the Board of Directors
and Committees. The Board of Commissioners also performs monitoring duties through periodic meetings and oversees the work of the
Audit Committee, the Remuneration and Nomination Committee and the Risk Management Committee. Another important task is to
ensure that BTEL complies with all applicable regulations in the telecommunications industry and in the capital markets.
In order to ensure strict implementation of best practices for corporate governance, the Company also began to implement enterprise
risk management (ERM) and establish an internal audit division to encourage the creation of evaluation mechanisms as well as effective
and efficient control.
The Future of BTEL
Going forward, with the evidence of improvement in the Indonesian economy, we believe that with our experience, a strong balance
sheet, adequate resources, strong brand and solid management, BTEL will continue to grow in coming years.
On behalf of the Board of Commissioners, we congratulate and thank the Board of Directors of the Company for performance deserving
of pride during the year 2009 that consistently creates added value to the Company. With this stellar performance, it is expected that for
the year 2010 and onwards, the Company can continuously improve. We also wish to thank all shareholders, employees, subscribers and
business partners for the continuous support that they have provided.
For and on behalf of the Board of Commissioners,
Bobby Gafur S. Umar
President Commissioner
April 2010
Bakrie Telecom 2009 Annual Report
17
Report of the Board of Directors
Dear Honored Shareholders,
2009 was a very challenging year. Following the tariff war which occurred throughout 2008 as well as the impact from the global financial
crisis, 2009 was a period which, while it has showed signs of recovery, remained rather difficult for business in general. Nonetheless, mobile
and fixed wireless telecommunications is still a very promising industry in Indonesia. Supported by the improving economic indicators
and also the development of the Indonesian telecommunications industry itself, we remain optimistic that the situation in the future will
be even better.
2009 Performance
During 2009, BTEL was able to maintain a good momentum of growth. The number of subscribers grew 45.2% to 10.6 million, with
operating revenues increasing 22.5% to reach Rp 3,435.6 billion. Of these revenues, fixed voice services, including interconnection
revenues, remained the largest contributor with a 69.8% share. While the contribution of non-voice services increased to 26.9%. This was in
accordance with the Company’s objectives to reduce its dependence on voice services. Yet, a significant increase in depreciation expenses
and financial charges caused net income to decline by 28.0% to Rp 98.4 billion from Rp 136.8 billion.
During 2009 BTEL successfully expanded its coverage to include 79 cities across Indonesia. The number of BTS has reached 3,677, where
most are co-located or leased from third parties. This is in line with the Company’s objective to remain focused on its core business as a
provider of telecommunication services as well as the implementation of the asset light strategy. In this regard, BTEL has also completed a
sale & leaseback transaction involving 543 towers valued at Rp 390 billion. In the same year, the company also launched the SLI Hemat 009,
offering IDD services at a significant discount over the earlier duopoly operators, which will benefit subscribers greatly in coming years.
Shifting The Paradigm
Before, the paradigm within the telecommunications business was that the operator decided everything for the subscribers. “BTEL
understands that people have different needs for communication. Based on this, BTEL has done Shifting the Paradigm, where subscribers
can now choose their own type of telecommunications products or services, based on personal preferences.
18
Bakrie Telecom 2009 Annual Report
“BTEL understands that people have different needs for communication. Based
on this, BTEL has done Shifting the Paradigm, where subscribers can now
choose their own type of telecommunications products or services, based on
personal preferences”
BTEL’s new paradigm is the paradigm that provides greater flexibility to subscribers. For example, the flexibility to be able to choose their
own phone number, pay the SMS based on the number of characters sent, try other operators’ tariff plans, choose the handset and its
application based on the needs as well as other high quality innovative products and services that are still the cheapest.
Corporate Governance
Not simply implementing the principles of corporate governance, BTEL is on the path towards becoming a good governed company. This
is shown by numerous applications of best practices for corporate governance, such as the evaluation of adequate infrastructure, facilities,
resources and competence for the ongoing implementation of enterprise risk management (ERM). The Company also has established
an internal audit division in order to provide a control mechanism that will ensure efficient and effective use of resources as well as in
accordance with the applicable compliance standards. In terms of quality management systems, BTEL was the first telecommunications
company that implemented ISO 9001:2008 standards at the national level.
As a proof of recognition for the direction BTEL chose in becoming a good governed company, BTEL won third place in the 2009 Investment
Award, sponsored by the Capital Investment Coordinating Board (BKPM) for the category of domestic investment companies.
Human Resources
In 2009, BTEL began to implement a Faster, Better and Cheaper (FBC) corporate culture, which includes six values: integrity, innovation,
teamwork, winning spirit, operational excellence and customer addicted. Basically, the application of FBC changes the paradigm from
simply answering what influences objectives and results, to answering a series of processes of what, how, why, when and where.
The Company’s HR development always strives to follow the technological trends and the dynamic developments of the telecommunication
business, by focusing not only on quantity but also on the quality of human resources. To achieve this goal, the company has introduced
a talent management program, mapping the competencies and performance of employees in the ranks of managers and above. In order
for education and training activities to run smoothly, BTEL has also opened a training center in 2009.
Future Outlook
After passing through a challenging year in 2009, BTEL is now preparing to strategically step forward. Indonesia is a country with a
tremendous potential market. BTEL is currently preparing for broadband wireless access (BWA) services that will be launched gradually
in several major cities in 2010. The BWA services is intended to answer the market needs for a technology that can upload and download
with much higher speeds than are currently possible. This step will also optimize the composition of the Company’s revenue contributors,
currently still dominated by voice services. Moreover, the company also will continue to strengthen its network systems, especially in high
traffic areas.
By continuing to adopt the budget operator business model supported by a series of innovative products and services that are high
quality and affordable, BTEL will always be on a higher level compared to others. This stems from the Company’s mindset as the disruptive
innovator in the Indonesian telecommunications industry.
Finally, I would like to express my sincere gratitude to all stakeholders, management, employees, business partners as well as the
government for all of the support over the years. We look forward to bright and blessed future.
For and on behalf of the Board of Directors
Anindya Novyan Bakrie
President Director
April 2010
Bakrie Telecom 2009 Annual Report
19
Shifting The
Paradigm
• BTEL Business Model
• Disruptive Innovation – Our DNA
• Shifting The Paradigm
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Bakrie Telecom 2009 Annual Report
GSM 1
GSM 2
GSM 3
No GSM tariff can beat
Esia’s terrific tariffs
Shifting The Paradigm
BTEL Business Model
The key to the exceptional performance achieved by BTEL thus far has been its budget operator business model, which can be summarized
by its five main elements:
First, by making the service simple, easily understood and easy to use so it can be enjoyed by everyone.
Second, providing innovative services at affordable prices and with value for money.
Third, the focus inherent in creating a strong brand in the minds of the public.
Fourth, a diverse customer mix.
Fifth, maintaining efficient operating costs and capital expenditures.
Simple & Easy
BTEL offer services at an affordable cost – yet it is reliable and easy to use. We believe that this is the proper way to position ourselves in
the telecommunications market in Indonesia today, where the public demand for quality affordable telecommunications services is still
very strong.
With the majority of the population of Indonesia in medium to lower income economic segments, users are naturally concerned about
monthly telecommunications expenses. This is revealed by the fact that up until the end of 2009, more than 99% of BTEL service users are
prepaid subscribers. Further, with no fixed monthly subscription fee, customers can also budget just how much they are willing and able
to pay for mobile telecommunications with the purchase of our vouchers that are available in various denominations, even starting from
Rp 1,000. This pattern is also beneficial to the Company as it means that cash would be received by the beginning of a transaction, which
would minimize any potential of payment delays.
As the result of the tariff war between operators, customers are now faced with a variety of confusing tariff schemes, with rates constantly
changing and valid only at certain hours. In contrast, the BTEL rate has been virtually unchanged since it was first introduced in 2005 and
continues to be valid for the whole day.
Affordable and Value for Money
Despite its focus on voice services and SMS, BTEL offers a complete package of telecommunications services, at affordable prices and
with extra value. As mentioned earlier, customers can call to fellow Esia subscribers at cheaper fixed rates of only Rp 50 per minute. If the
duration of a call exceeds one hour, rates will decrease to Rp 1,000 per hour.
BTEL Customers can also receive benefits through a variety of inexpensive but good quality handset bundling packages. In 2009, BTEL
continued to expand its collection of thematic handsets, each of which is equipped with a variety of special features in accordance with its
market share. Thematic handsets are now available at prices ranging between Rp 299,000 to Rp 699,000.
BTEL Customers can also enjoy an SMS service that is affordable and provides more value through our Rp 1 per character SMS program
rolled out in 2008. Apart from the low cost, this program also offers a more equitable concept to users, with the cost of SMS charged
according to the length of messages sent and not simply based on delivery.
Known and Trusted Brand
Brand power is crucial for BTEL as a budget operator. Thanks to its growing reputation over the years, Esia has become a strong brand in
the minds of consumers. This has also become an important factor in maintaining customer loyalty, as reflected in our churn rate, which
is below the industry average.
This is also supported by the results of market research conducted by some of the world’s leading independent marketing consultants,
such as Taylor Nelson Sofres and Roy Morgan. Their research indicates that BTEL has positioned itself well, especially for the criteria
considered important by consumers, including brand recognition by a wider community, a brand recommended to friends and relatives,
the lowest tariffs, value for money and the brand most highly recommended by frontliners. BTEL also continues to strengthen its brand
position through various on-target creative and marketing activities, such as hosting the ESIA Music City Street Festival & Concert in
Bandung, as part of the Hape Esia Music promotion.
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Bakrie Telecom 2009 Annual Report
Shifting The Paradigm
A Diverse Customer Mix
In addition to targeting new users who had never previously owned a mobile telephone, BTEL aims for three other segments: switchers,
i.e. users who previously had GSM or another brand of CDMA handset, but have now switched to Esia after learning of its advantages, dual
users, who normally also have a GSM handset but use Esia to make calls, and first-time users, namely first-time customers who have only
begun to use mobile telephones. Switcher and dual-user customer types were also more profitable for the Company because they exhibit
a higher level of use than that of an entirely new user. Up until the end of 2009, approximately 33% of our customers are first-time Esia
users, while 67% are a combination of dual users and switchers.
Maintaining Efficient Operating Costs and Capital Expenditures
As a budget operator, whose competitive advantage is derived from affordable tariff, every step BTEL takes should always accord priority
to cost efficiency, both in terms of capital and operational outlays. This has been Company policy since the Company was first established,
from the selection of technology to controlling operating costs.
CDMA 2000 1X technology enables a 35% more efficient level of spectrum usage than that of GSM technology. The costs involved in CDMA
upgrading to a higher generation are also relatively cheaper than those for GSM. Use of the 800 MHz frequency also allows much higher
productivity. To serve the same coverage area, an operator at this frequency requires a fewer number of BTS than the more widely used
1900 MHz frequency.
The Company has a fixed wireless network access with limited mobility, which means that BTEL service cannot be used outside its given
telephone number area codes. But this also means that BTEL network construction can focus only on cities which have denser population
levels and higher economic activity.
In terms of operating costs, one of the techniques employed by BTEL is known as the asset light strategy. Being a provider of
telecommunications services, BTEL has decided to focus on its core business activities and transferred the management of its
telecommunication towers to a third party. Following a sale & leaseback transaction for 543 towers, as of December 2009, approximately
94% of its towers were already co-located or leased from tower operators.
Still, as a budget operator, BTEL management realized that they could not afford to entirely ignore various advances in the telecommunications
sector. That’s why in its business development BTEL has always been open to consideration of various new opportunities, both in terms
of products and services, including data business and other VAS. Of course, such planning will be executed without deviating from the
budget operator business model principles.
• Focus on prepaid subscribers
• A simple tariff plan
Simple and Easy
• Complete telecommunications services at affordable prices
• Good quality handset with affordable prices
Affordable and Value for
Money
Known and
Trusted Brand
• Build strong brand
• Develop creative marketing activities
• Targeting dual user and switcher segments
other than first-time users
A Diverse Customer Mix
Maintaining Efficient Operating
Costs and Capital Expenditures
• Giving priority to cost efficiency
• Applying the asset light strategy
Budget Operator Business Model
Bakrie Telecom 2009 Annual Report
23
Shifting The Paradigm
Disruptive Innovation – Our DNA
Disruptive Innovation is our DNA. In biology, DNA is the genetic material that holds the blueprint for all activity in every living cell. This
means that the entire strategy, innovation and all activities that have been and will be conducted by BTEL are sourced from there. In
other words, Disruptive Innovation is our way to change old paradigms in the telecommunications industry.
Some forms of Disruptive Innovation have become important steppingstones in the course of BTEL history, among others are:
Introducing the concept of “talktime” instead of “pulses”. While conventional pulse billing shows only how much it has cost the user, the
concept of talktime is more equitable and transparent, where subscribers know how long their call lasts based on how much they spend.
This BTEL concept is translated into “Rp 50 per minute all day, every day”, a feature which has remained consistent since 2005.
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Bakrie Telecom 2009 Annual Report
Shifting The Paradigm
Next is the range of quality and affordable handset bundling packages. It started from 2006, when Esia launched refurbished handset
packages, complete with numbers, for a retail price under Rp 300,000. In the third quarter of 2007, BTEL re-created the buzz with a new
handset package selling for Rp 199,000. In 2008, BTEL began to introduce several thematic handset packages, each with its unique
features.
Third is the launch of the Rp 1 per character SMS service. This global first concept was primarily aimed at the many groups that use the
SMS heavily, such as teenagers and students. Since its launch in 2008, SMS revenues have continued to increase their contribution to total
Company revenue.
In the year 2009, BTEL shifted the paradigm in the telecommunications industry once again, particularly in terms of understanding what
the customer wants. If previously it was the operators who determined everything, including tariffs, handset features, phone numbers. Esia
now provides more flexibility for its customers, allowing them to design their own telecommunications products or services, in accordance
with their respective preferences.
Bakrie Telecom 2009 Annual Report
25
Shifting The Paradigm
Shifting The Paradigm
In our contemporary world, we acknowledge a paradigm in which the operator decides everything for the customer, starting from the
method of determining the tariff (which is always claimed to be the cheapest), the availability of numbers, imposed SMS tariff, available
features, control over incoming and outgoing calls, long distance and overseas rates and much more.
BTEL understands that the communication needs of each person will be different. Based on this understanding, throughout 2009 the
Company facilitated several breakthroughs in order to change the old paradigm where the operator determines everything into a new
paradigm, in which customers are given the discretion to select telecommunication products or services according to their own preferences
and needs. Types of products and services that play a role in the dynamics of BTEL in shifting the paradigm include the following:
Description
Old Paradigm
Esia Bispak is a service that provides
prepaid customers the opportunity
to try other GSM rates from their
Esia number without changing
cards.
Customers must accept rates set by
the operator.
Esia Bispak service is available to all
prepaid Esia users.
This was confusing because
every operator claimed to be the
cheapest.
BTEL Paradigm
Provides more flexibility for
customers to choose which tariff is
the cheapest.
This service is intended to answer
once and for all, which operator has
the lowest tariff, after customers
experience it themselves.
The Esia billing system will
automatically change to follow
changes in other GSM operators.
Esia Suka-suka is the world’s first
starter pack sold without any
predetermined number.
Numbers are fixed by the operator
and the customer can only receive
what are available.
Allows the customers freedom
to choose their own numbers
according to their own desires, such
as by name, birth date, wedding
anniversary or an easy to remember
repetition of numbers.
The SMS tariff is calculated on a flat
per delivery basis regardless of the
length of the messages.
Gives control to customers to
determine their own SMS charges.
This product is intended for all
potential Esia customers, where the
selection of a number can be made
by calling *228, through the www.
myesia.com/sukasuka website or
coming directly to Gerai Esia .
Rp 1 per character SMS is the first
innovation in the world where the
SMS rate is calculated based on the
number of characters sent.
The calculation of these rates
applies for SMS to all national
operators, including to other Esia
subscribers.
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Bakrie Telecom 2009 Annual Report
Provides more sense of fairness to
customers.
This service pioneered the
emergence of a new short but clear
SMS language, which is mainly used
among young people.
Shifting The Paradigm
Description
Old Paradigm
Hape Esia Online is a smartphone
equipped with a QWERTY keypad, 2.4
inch QVGA screen and digital camera
that can be used as an MP3 player or
internet modem.
The application package has been
determined by the operator and the
customer must accept the entire
package, including ones that are not
needed.
Answering the market demand
for a full featured, mobile internet
capable, high quality but still
affordable handset.
Handphone can call to or receive
calls from anyone.
Customers have the power to
restrict outgoing or incoming calls
for reasons of cost or security.
Contains a variety of email
applications, chat and social
networking, such as Facebook,
Yahoo Messenger, Google Talk and
Esia Messenger, a special application
that allows Hape Esia Online users to
perform real time chat and exchange
photos with each other.
BTEL Paradigm
Customers have the freedom to
choose which applications they
need and only pay for applications
they actually use.
Is also able to download songs, music
info, function as a mobile karaoke,
deliver news, play Esia Hidayah Islamic
applications as well as many others
applications from Esia Shops and
Games.
The Whitelist is an Esia feature that
can restrict outgoing calls to a
maximum of nine desired numbers.
Blacklist is an Esia feature that can
block incoming calls from up to nine
unwanted numbers.
This feature is especially useful
for handsets that are used by
employees or small children.
Both of these features can be
accessed by calling *666 or via SMS.
SLI Hemat 009 is a new international
direct dialing (IDD) service from
BTEL.
This service can be accessed from all
national operators, by entering 009
+ country code + the destination
number.
Hape Esia Musicbox & Idolaku
is a series of thematic handsets
equipped with a camera and Opera
Mini browser, designed specifically
for music fans.
For years, Indonesians could only
choose between two operators
providing IDD services or by using a
lower quality VoIP facility.
This service marks the end of
duopoly era in Indonesia’s IDD
services.
Currently, more music fans buy poor
quality pirated CDs or download
music illegally, because the prices
of original songs are still relatively
expensive.
Customers can now get their
favorite songs in the official original
format at an affordable price.
Customers can only choose RBT for
themselves and can not share it with
others.
Giving a gift in the form of RBT
will make a subscriber’s calling
experience a new warm and
pleasant expression of friendship.
Customers can now access a clear
channel quality voice connection,
but with prices up to 77% cheaper
than those of other operators.
Allows customers to download
thousands of songs from four of the
largest music labels in Indonesia at
only Rp 1,000 for 30 songs, including
lyrics, chords and can also be used
for karaoke.
Click 2 Give is an innovative feature
for ring back tone Esia, which allows
customers to send a specific ring
back tone (RBT) to others without
having to know the code of the
song.
Every song that is sent will be
charged on a weekly or monthly
basis.
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27
Operational
Review
• Products and Services
• Sales and Marketing
• Networking and Infrastructure
• Human Resources
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Bakrie Telecom 2009 Annual Report
Use Esia Online and get unlimited
internet access with a range
of licensed applications and
affordable packages
Only voice
and SMS?
Operational Review
Products and Services
BTEL provides voice, data, and value added services (VAS) through a local fixed wireless network limited to one particular area. However, BTEL
customers can still communicate to other areas, even to foreign countries. BTEL is well known for its range of products and services, which are
simple but full of innovation, often bringing out a new paradigm in the national telecommunications industry.
Currently, BTEL offers five main brands, which are Esia, Wifone, EsiaTel, Wimode and SLI Hemat 009.
1. Esia
Esia is a wireless telecommunication service based on CDMA 2000 1x technology, with service limited to
a certain area code. Esia services can be divided into two categories, namely:
• Esia Prepaid Service, which uses a system of payment through the purchase of a starter pack or talk
time vouchers.
• Esia Postpaid, where the amount of usage is paid at the end of a monthly period.
Becoming an Esia subscriber can be done by purchasing:
• Esia Starter Pack, where customers buy numbers of their own choice to be used with handsets they
already have or will buy.
• Hape Esia Bundling Package, where customers choose a package of their choice with a number or
RUIM Esia already included.
2. Wifone
Wifone is a wireless home phone service that has many features similar to mobile phones. Wifone is
able to fulfill the needs for faster and better connectivity without a difficult process or dependence on
infrastructure. BTEL offers both Wifone prepaid and postpaid services.
3. Wimode
Wimode is a high speed internet service that can be accessed anywhere and anytime. In addition it
can also be used for telephone calls to and from home phones, a cellular facility, long distance calls,
international calls, SMS and other value added services like content download or choosing a ring back
tone.
4. EsiaTel
EsiaTel is the name for the Esia prepaid phone used specifically for telephone kiosks. This product is ideal
for businesses because it does not require a large space.
5. SLI Hemat 009
SLI Hemat 009 is an international direct dialing service with a 009 access code that can be accessed by all
users of telecommunication channels. This service offers superior sound quality because it uses a clear
channel voice connection without compression and does not use an Internet network. SLI Hemat 009
offers discount rates, calculated per second and applicable all day long.
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Operational Review
Thematic Handsets
From the product side, BTEL also provides a range of high quality handsets at affordable prices. Since 2008,
the Company began introducing thematic handsets, each with its unique features tailored to the needs of
its target market. Esia thematic handsets series include, among others:
1. Hape Esia Merdeka
Inspired by Indonesia’s Independence Day, this handset has a look designed to capture the spirit and
unity of Indonesia. Also featured are Independence Day inspired wallpapers as well as national song
ringtones.
2. Hape Esia Hidayah
Esia handset specifically targeted toward Muslims, loaded with Islamic nuanced features, such as a
complete Quran with Arabic letters and Indonesian translations, Adzan pray time reminder, wallpapers
as well as Islamic song ring tones.
3. Hape Esia Kasih
An Esia handset for Christians, with religious features like the Word application, which contains the Old
and New Testaments, Holy Prayers, ringtones and wallpapers praising Peace.
4. Hape Esia Slank
A handset specifically designed for fans of the band called Slank, better known as Slankers. This handset
is equipped with exclusive Slank content, including ringtones, ring back tones and wallpaper.
5. Hape Esia Fu
A Chinese philosophy-nuanced handset with Fengshui application that contains fortune guidelines for
business and everyday life, fortune cookies with useful tips to guide everyday life and a Fu calendar
containing information on good days as well as predictions related to romance, career, health and
home.
6. Hape Esia Musicbox, Musicbox 2.0 and Idolaku
These handsets are specially designed for the music enthusiast. They provide the customer with the
convenience to download thousands of songs at a rate of just Rp 1,000 for 30 songs. Downloaded songs
already include lyrics and chords, and can even be used for karaoke.
7. Hape Esia My style My style and FM
This trendy handset is the cheapest in its class. This Handset features Facebook, Vivanews, karaoke
and music info applications. There are also a variety of traditional games such as Congklak and Gobak
Sodor.
8. Hape Esia Slim
A thin, lightweight and slim Hape that is the cheapest in its class. This Hape is equipped with Vivanews
features and a variety of games.
9. Hape Esia Online
An Esia handset specifically intended to meet the needs for the mobile web. In addition to email and
chat, this handset also loaded with many top social networking applications, such as Facebook, Yahoo
Messenger, Windows Live Messenger, Google Talk and Opera Mini microbrowser, whereby customers
are free to choose only the applications they want. All of these are official applications and not web
links. This handset also has the ability to download songs, music info, mobile karaoke, online news, Esia
Hidayah Islamic applications, Esia Shop and games.
Tariff
As a budget operator, BTEL’s competitive advantage mainly lies in its more affordable tariff when compared
to other operators.
1. Telephone tariff to other Esia numbers
Since its initial launch, Esia has consistently offered a Rp 50 per minute (+VAT) flat tariff for calls to other
Esia numbers, which is applicable all day long.
2. Telephone tariffs to other operators
The Esia tariff for calls to GSM numbers is very competitive compared to those of other operators, either
GSM or CDMA.
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31
Operational Review
3. Esia Bispak
Esia Bispak is a service that provides prepaid subscribers the opportunity to try the tariffs of several GSM
operators’ numbers without the need to replace their Esia cards, so customers can prove by themselves
which tariff is really the cheapest. The BTEL system will automatically adjust to any changes in GSM tariff
being tested by the Esia subscribers.
4. Rp 1 SMS tariff per character
A revolutionary breakthrough from Esia, where SMS tariffs are no longer calculated based on delivery, but
rather by the number of characters sent. Thus, customers can determine how much SMS charge they want
to spend. This tariff applies to all operators in Indonesia.
5. Esia Cheapest Rates
These tariffs only apply to areas outside JBJB. There are four types of tariffs, namely: Rp. 40 per minute for
local calls to fellow Esia numbers, Rp 80 per minute for local calls to other CDMA operators or PSTN, Rp 480
per minute for local calls to GSM operators and Rp 800 per minute for calls to any GSM phone number all
over Indonesia and the world, using VOIP.
6. 01010 Prefix
By using the 01010 prefix to making a long distance calls to Esia numbers anywhere in Indonesia, Esia
subscribers can enjoy local tariffs.
7. 01010 VOIP
By making an international calls via the 01010 prefix, Esia sunscribers can enjoy special tariffs.
8. Esia Gratis Rame-Rame (Closed User Group)
Special rates for voice and SMS among group members, friends or family of Esia card users that have been
previously registered. Calls between registered members become free and only require periodical top-up
fees.
The tariff innovation mentioned above also supported by convenience and flexibility to become Esia subscribers,
by launching innovative starter pack such as:
1. Suka-Suka Starter Pack
The world’s first starter pack without a predetermined number. Esia subscribers can now choose their
number, based on their individual preference.
2. SP 8 Starter Pack
This limited edition starter pack for Jabodetabek regions does not use the “9” prefix like ordinary Esia
numbers but starts with “8” as a lucky number. This Esia 8 offers unique and affordable rates, especially for
those who often call to other operators. Subscribers only need to remember three different tariffs: Rp 80 per
minute to all Esia numbers all over Indonesia, Rp 480 per minute to all other local numbers apart from Esia
(including all GSM numbers) and Rp 800 per minute to any other number in the world by using VOIP.
3. Esia Termurah Starter Pack
These starter packs are sold together with the Esia Termurah tariff, especially for areas outside JBJB.
Value Added Service
In addition to voice services and innovative products mentioned above, there are many other programs that
bring additional benefits to Esia subscribers in the form of value added services (VAS).
1. Esia Whitelist
An Esia service product that gives subscribers the ability to exercise control over their outgoing calls, by
restricting calls to a maximum of 9 desired numbers.
2. Esia Blacklist
An Esia service product that gives subscribers the ability to exercise control over incoming calls by restricting
calls from up to 9 undesirable numbers.
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Operational Review
3. Click2Give
An innovative feature for ring back tones (RBT) from Esia. Subscribers can share an RBT with others
without needing to know the song code. RBT recipients will receive an SMS notification on the RBT and
the sender.
4. Invite Friends, Get Talktime
Any subscribers who can get a friend to use Esia will get talktime bonus amounting to Rp 5,000.
5. Receive Ads, Get Talktime
Obtaining information while getting talktime bonus. Product Service offerings through SMS with
Rp 50 per SMS talktime bonus. A ring back tone service to advertise with talktime bonus of Rp 2,000 per
month.
6. Selling Content, Get Talktime
Customers can create their own ring back tone and allow others to activate it. For this a customer will get
talktime bonus talktime of Rp 3,000 per month or Rp 1,000 per week.
7. Zona Untung Esia
Providing a variety benefits in the form of discounts from various merchants that work together with
Esia.
8. Non Stop SMS
Nonstop SMS packages that give the freedom to send unlimited number of SMS to other Esia
subscribers.
9. Esia Data Package 678
Esia data service package with an affordable tariff. For only Rp 5,000, subscribers can access data for 100
minutes or the equivalent of Rp 25,000 when calculated using the normal Esia data tariff.
10. Ring Back Tone
Customers can choose from a variety of ring back tones from various collections of songs that can be
activated by simply sending an SMS.
11. DV8.88
An innovative value added voice and SMS based package. DV8.88 is a voice portal with a technology that
can recognize the Indonesian language and can be used to enjoy content online or downloaded directly
to the handset.
12. Press Star
Activating ring back tones becomes much more practical by simply pressing the star sign while listening
to the desired ring back tone from other Esia subscribers.
13. Minta Lagu 101
Simply by calling 101, a customer can talk directly with a CRM officer and request to activate songs to be
used as ring back tone.
14. TTM (Find Your Friends)
The newest and most comprehensive mobile chat service. Can be used to make new friends or just to chat
without the need to provide a phone number, so that privacy is maintained.
15. Esia Transfer (Talktime Transfer)
Customers can transfer and sell talktime anywhere and anytime, simply by sending an SMS.
16. Esia Transfer (Transfer Active Period)
Active period can be transferred to other BTEL subscribers simply by sending an SMS.
17. Esia GOGO
Allows subscribers to use their Esia numbers outside of their area code. This service can be activated
simply by sending an SMS or by calling *6060.
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33
Operational Review
Sales and Marketing
Distribution Channels
In line with the conditions of the highly dynamic telecommunications market, BTEL is faced with the challenge of being able to choose the
most efficient channel of distribution, one that will reach all end users as quickly as possible. Throughout this time, the distribution patterns
that have proven capable of supporting optimal growth of the Company are through direct and indirect distribution.
In general, a direct distribution channel allows BTEL to interact directly with customers, such as through Gerai Esia (Esia outlets), corporate
(B2B) road shows and alternative channels such as roadside kiosks or sales stands in large supermarkets. By the end of 2009, the Company has
90 Gerai Esia spread across Indonesia, 41 of which are managed directly by Esia, while the rest are managed by third party partners.
Indirect distribution is a channel through authorized Esia dealers spread across Indonesia. Indirect distribution has proven to be a significant
contributor to earnings in general. There were 202 dealers nationwide by the end of 2009 while the number of outlets reached 98,132.
BTEL determines the number of dealerships based on market conditions and on the performance of those dealers. In addition to remaining
focused on traditional distribution channels, the Company also continues to develop alternative distribution channels. BTEL works together
and fosters good relations with all distribution channel components, from large to small outlets, so that ultimately it is the customer who
benefits.
BTEL
Direct Channel
Roadshow &
Event
Gerai
Indirect Channel
Alternative
Channel
Corporate
Distributors/
Dealers
Outlets
End User
Chart of BTEL Distribution Patterns
Distribution Area
Distribution channels of BTEL products are divided based on regions. There are currently seven regions defined throughout Indonesia,
namely, Greater Jakarta (Jakarta, Bogor, Depok, Tangerang, Bekasi), West Java, Central Java, East Java, Pamasuka (Papua, Maluku, Sulawesi,
Kalimantan), Southern Sumatra and Northern Sumatra. Each region encompasses a number of areas, where distribution of Esia products
directly extends to all of those areas.
The BTEL distribution system continuously takes into account the profit that can be obtained by each dealer from the aspect of pricing
schemes, distributed products, coordinated efforts to help dealer sales and incentives that will be given. To ensure all of these run smoothly,
BTEL imposes strict controls in order to avoid any overlapping between indirect and direct distribution in market areas.
Incentive System
In general, incentives can reduce dealers’ actual costs in obtaining BTEL products. These incentives are offered so the dealers can be more
motivated in selling Company products. In addition to cash, BTEL also provides incentives in the form of fun activities such as travel, both
domestically and abroad. At the outlet level, incentives are paid in cash based on activation or in a form of competition, where the largest
selling outlets will be rewarded.
Incentives can be calculated based on activation, such as through starter packs or handset bundling packages, where the higher the
number of activations, the greater the incentive received by the dealer. Incentives can also be calculated based on the number of top-ups.
Through a profit sharing scheme called Toast, dealers will receive a sum of money as an incentive each time there is a top-up within the
first six months from activation.
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Bakrie Telecom 2009 Annual Report
Operational Review
Besides incentives at the dealer level, BTEL also gives incentives at the outlet level such as cash incentives for activation. An example is the
Gajian Esia program that is given directly for frontliners. There are also incentives in the form of competition prizes, where outlets with the
highest sales will win.
All of BTEL incentive programs are open to those known as Kawan Esia which comprise all dealers, outlets and frontliners that are registered
Esia subscribers. Thus, the Company ensures that all Kawan Esia not only obtain benefits from merely being sellers, but also users.
Customer Relationship Management
The role of Customer Relationship Management (CRM) in general is to receive and deal with various inputs from customers; these may
be questions, requests or complaints, and may come through any BTEL channel, including contact centers, SMS 9009, email or directly
through Gerai Esia. CRM also serves to provide input about what might be needed, desired or offered to the customer, in accordance with
the voice of customer (VoC), educating customers about BTEL products or services (or it can also be used to conduct customer satisfaction
surveys).
Previously, CRM only provided information for customers: BTEL has shifted this paradigm into a CRM that provides solutions to customers.
BTEL CRM is committed to providing fast, accurate and satisfactory solutions for the customer as manifested by the name Esia Solutions
with a primary focus on:
• Providing solutions to customers
• Come up with new innovations
• Retaining customers through a loyalty program
Furthermore, BTEL CRM also analyzes customer needs and then takes a proactive stance through providing solutions. For example, the
Minta Lagu 101 song request service, where customers can choose a musical ring back tone (RBT) without having to know the code of the
song. Other examples of BTEL CRM services currently provided are:
• Service for prepaid customers (* 999)
• Service for postpaid subscribers (* 333)
• Delivery service (91001234)
• Premium services (*990)
• Football Quiz (168)
BTEL has also created several innovative services that distinguish it from its competitors, such as the Top-up Reminder, a service that
reminds subscribers to buy additional talktime when their balance is almost gone or is near the end of its active period. There is also the
Menu Untung Esia loyalty program, where CRM works together with selected merchants who provide discounts or other benefits for BTEL
customers. This unique offering can be enjoyed by simply showing an SMS or an Esia cell phone.
Along with the increasing number of customers and broadened service territory, BTEL CRM services are currently provided through:
• 2 call centers in Jakarta and Surabaya
• 41 Gerai Esia in 31 cities
• Point of contact numbers, such as:
*999, *333, *990, 101 91009999, 91001234
As a result of their numerous efforts, BTEL was awarded national and international level CRM recognition during 2009:
• “The Best Business Contribution” from the Indonesian National Contact Center Association (ICCA)
• “The Best Revenue Generation” from Omnitouch
• “Golden Service Star Award” for front-liners of the Center for Customer Satisfaction & Loyalty (CCSL)
• “The Best Contact Center of the Year” from the Asia Pacific Contact Center Association Leaders
Bakrie Telecom 2009 Annual Report
35
Operational Review
Brand Management
Throughout 2009, BTEL booked excellent results in a number of important aspects of brand awareness. To gauge market perception on
BTEL products and services on a nationwide level, and especially for the JBJB areas, Taylor Nelson Sofres and Roy Morgan were amongst
the international marketing consultants employed by BTEL to conduct research. Below are their findings for 2009:
Spontaneous Brand Awareness
For spontaneous brand awareness, Esia consistently ranks as the foremost brand in JBJB. For the same category on a national level, Esia
currently ranks third and is moving on an upward trend.
105
95
95
85
85
National
JBJB
75
65
55
75
65
55
45
45
35
25
35
1Q08
2Q08
3Q08
4Q08
1Q09
2Q09
3Q09
4Q09
1Q08
Source : Brand Health Tracking, 2009
2Q08
3Q08
4Q08
1Q09
2Q09
3Q09
4Q09
Source : Brand Health Tracking, 2009
Cheapest Tariff
Esia still leads in the overall representation of cheapest tariffs in the JBJB area. On the national level, Esia is also the leader in providing the
cheapest tariff.
90
70
80
60
70
50
National
JBJB
60
50
40
30
40
30
20
20
10
10
0
0
1Q08
2Q08
3Q08
4Q08
1Q09
2Q09
3Q09
4Q09
1Q08
Source : Brand Health Tracking, 2009
2Q08
3Q08
4Q08
1Q09
2Q09
3Q09
4Q09
Source : Brand Health Tracking, 2009
40
40
35
35
30
30
National
JBJB
Most Recommended Brand
In the JBJB area, Esia strengthened its position as the most recommended brand for friends and relatives due to its consistency in
maintaining its perception as the brand with the cheapest tariff. On the national level, Esia still places in the top two brands as most
recommended for friends and relatives.
25
20
20
15
15
10
10
5
5
1Q08
2Q08
3Q08
4Q08
Source : Brand Health Tracking, 2009
36
25
Bakrie Telecom 2009 Annual Report
1Q09
2Q09
3Q09
4Q09
1Q08
2Q08
3Q08
4Q08
Source : Brand Health Tracking, 2009
1Q09
2Q09
3Q09
4Q09
Operational Review
Brand Market Share
The strong awareness for the Esia brand has resulted in a stable increase in its brand market share. In the JBJB area, the Esia brand market
share has grown to 38.9% at the end of 2009 from 25.8% at the end of 2008, while on the national level, Esia brand awareness has also
grown consistently.
50%
40%
30%
National
JBJB
40%
30%
20%
20%
10%
10%
0%
0%
1Q08
2Q08
3Q08
4Q08
1Q09
2Q09
3Q09
4Q09
1Q08
Source : Brand Share, 2009
2Q08
3Q08
4Q08
1Q09
2Q09
3Q09
4Q09
Source : Brand Share, 2009
Most Recommended
Esia is one of the top 3 brands most recommended by sales frontliners.
60
50
40
30
20
10
0
Source : Trade Survey, IPSOS 2009
GSM A
GSM B
GSM C
CDMA A
ESIA
Bakrie Telecom 2009 Annual Report
37
Operational Review
Networks and Infrastructure
In line with its mission to provide best quality affordable services, BTEL has developed a national end-to-end network based on packets or IP in 2009.
Through the development of an IP based network, bandwidth usage and transmission costs for both within a city and between cities will become
more efficient.
For the core network, the Company has put in place a next generation network (NGN) system, where all network elements will be interconnected via
IP-based networks and protocols. As for the access network, IP BTS and software routing radio will be immediately implemented. For core network,
the mobile switching center (MSC) pool has also been implemented to improve network reliability, especially in a city like Jakarta that has more than
one MSC.
Network Capacity
BTEL coverage area can be generally divided into Jakarta-Banten-West Java (JBJB) and non JBJB. As conditions differ from each region, the Company
has adopted a development strategy in accordance with the respective characteristics of each region. With network utilization reaching 70-80%,
development strategy in JBJB focuses on efforts to increase capacity and expand coverage. As for non JBJB, a region where network utilization is still
below 30%, the Company has focused on optimizing the existing network.
In addition, capacity building efforts are also aimed at larger cities where there is the prospect of high traffic. Those targeted apart from JBJB include,
among others, Medan, Surabaya and Semarang. With a network capacity that can serve up to 25.1 million subscribers, it is evident that BTEL has
capacity that is already more than sufficient for the short- to medium-term. The Company is continuously monitoring the network utilization rate, so
that capacity increase can be done in a timely manner when required.
BTS Management
By 2009, BTEL BTS have reached 3,677, of which nearly all were co-located towers leased from third parties. This is in line with the objectives of
the Company in keeping focused on its core business as a provider of telecommunication services, as well as the implementation of an asset light
strategy. The adoption of the co-location model will accelerate BTS on air time as well as providing convenience and flexibility in selecting BTS
38
Bakrie Telecom 2009 Annual Report
Operational Review
locations. Benefit were also felt in terms of financial, where capital expenditure have been significantly reduced. During the year, BTEL has also
completed sale & leaseback transactions for a total of 543 towers, valued at Rp 390 billion.
Transmission Management
BTEL currently implements a network technology using a decentralized approach. That is, the greater part of traffic is transmitted and terminated
at its respective local area. Accordingly, the Company does not need to build or operate any large capacity inter-city transmission network from the
beginning; rather, development can be planned and carried out based on the realities of traffic growth. One way of developing a network that is both
rapid and efficient is to lease it from another operator or from network access providers.
In line with the rapid growth in traffic demand, BTEL is also actively building fiber optic cables, particularly in the Greater Jakarta and Bandung areas.
Throughout 2009, the Company has added another 100 km of new fiber optic network, which bring a total of 405 km, including a submarine cable
running from Batam to Singapore. Construction of the network also aims to help fulfill commitments relating to the SLI license granted to BTEL and
to support government programs, synergized with future internal objectives, such as the Palapa Ring Consortium.
Given its function, all of the transmission networks that are critical in nature must have a backup. In implementation, the approach taken is to establish
a protection ring on every transmission or on traffic that is deemed vital. Another way is to use networks from several different providers as a measure
of risk diversification.
Switching
Continuing onward from the previous year’s network development, additional NGN technology switching has been implemented in 2009 in addition
to the MSC Pool method to ensure even traffic distribution among each MSC, which in turn will improve overall MSC performance. In addition, the
potential risk of outage from a maintenance shutdown or damage to a particular MSC will be eliminated, as traffic from the troubled MSC will be
automatically switched to another MSC.
During 2009 BTEL completed an optical ring network connecting five central offices in Jakarta. Through this technology, BTS rehoming work no
longer has to involve physically moving the transmission connection in the MSC and BSC, but can be carried out using software. This method not
only reduces the error rate, but also expedite the working process.
In the same year, we also completed our next-generation home location register (HLR) equipped with a larger capacity but physically smaller than
previous generations. Through sophisticated technology, the HLR will be able to unify multiple broadband services such as Wimax, GSM, CDMA and
LTE onto a single platform, while energy and space requirements will become more economical and efficient.
By the end of 2009, BTEL already own 46 MSC and 67 BSC .
Access to International Networks
Following the launch of the SLI Hemat 009 IDD services, BTEL has partnered with several overseas operators for the supply of both outgoing and
incoming international traffic. While domestic operators, international access using 009 were opened as well. For ease of customer service, BTEL has
also added two new international gateways, in Medan and Surabaya, supplementing two earlier ones set up in Jakarta and Batam.
Value Added Services (VAS)
BTEL implements new systems to support VAS in 2009, the first being an intelligent network with a capacity of up to 12 million BHCA, operating in
Surabaya. There is also an SMS device with the ability to support up to 33 million BHSM. This is the system used to support Esia Rp 1 per character SMS
service. Further, a customized personal ring back tone device that can support up to four million customers. Through this new system, subscribers
can duplicate ringtones from other subscribers simply by pressing the asterisk on their phones.
An on the air (OTA) device allows changing the profile through the customer handset, where until the end of the year, these devices have a capacity of
1400 provisionings per hour. BTEL successfully launched its Suka Suka Esia products through this system, allowing customers the freedom to choose
their own phone numbers.
Network Operations Center
BTEL Network Operations Center monitors and manages their network 24 hours a day, 7 days a week. The operational control center is also used to
detect and warn of any interruptions in the network. Traffic will then be diverted to an alternative network so as to minimize customer downtime.
There is also a remote backup system for data recovery.
Bakrie Telecom 2009 Annual Report
39
Operational Review
Human Resources
HR Management Function Structure at BTEL
Generally, human resource management functions are divided into two main divisions, namely, development and operations. The
development section covers new employee recruitment, organizational development, performance appraisal, employee development,
the introduction of corporate values, talent management and other related functions. The operational section includes payroll, personnel
administration, management of industrial relations and employee communications.
Training and HR Development
BTEL continually strives to create and develop competent human resources (HR), possessing the managerial and functional capabilities
that enable it to maintain steady growth and sustainability of the organization on an ongoing basis. To achieve this goal, the planning and
development approach BTEL has decided upon is a holistic one, as the Company views HR as human capital that must be maintained and
continuously upgraded, since it is one of the main pillars of organizational development.
To be able to contribute optimally, the Company thus seeks to develop quality human resources through training and development
programs at all levels of rank. The Company looks upon human resources development as an investment, and not as a cost element that
must be reduced as much as possible. The human resources development program itself will continue to follow technological trends and
developments in a dynamic telecommunications business.
As mentioned earlier, the development of human resources runs parallel with the development of the telecommunications business itself.
Therefore, in addition to networks and technologies, training is oriented toward organized efforts to improve sales and refine customer
service, which include customer services, sales management and service excellence. No less important are the regular training sessions
held in an effort to enhance leadership skills and hone soft skills like negotiation techniques, presentation skills etc.
40
Bakrie Telecom 2009 Annual Report
Operational Review
Training sessions are held not only at BTEL headquarters, but also at other locations around the country, to ensure all employees have a
fair chance to develop themselves according to both career and organizational needs. To support all such training and human resource
development activities, the budget allocation is based on organizational needs in anticipation of technological developments and
increased competition.
Talent Management Program
In addition to recruiting new personnel, the Company also seeks to keep reliable employees, while continually upgrading their capabilities
so that employee loyalty and commitment will be maintained. One way this is carried out in BTEL is by introducing a talent management
program.
The program begins by identifying talent through our acceleration center, where the competence and performance of employees
within the ranks of managers and above are mapped in order to achieve a full picture of their level of competence. The next stage is to
customize an individual development program to enhance competency, so a candidate will be ready to occupy a higher position. Personal
development programs include the provision for training aimed at a specific job assignment as well as coaching & counseling, carried out
by an appropriate supervisor.
Training Center
In order for education and training activities to be more focused, as well as confirming a realization of management’s commitment toward
the importance of human resources for the organization, in 2009 the BTEL Training Center was inaugurated. This center will serve as a
media to prepare competent human resources through effective and appropriate training programs. With this Training Center, various
educational and training programs can be done, whether in the form of seminars, workshops, even the ones that require computers as
well. Its close proximity to the head office also makes it easy for employees to participate in a training program.
Performance Management System
BTEL strongly emphasizes the importance for every employee in giving his or her best for the Company. Implementation of such an
approach is known as performance-based management where each employee is assigned a specific target at the beginning of each
year, in which the achievement will be evaluated at the end of the year. Remuneration given to employees will be based on their level of
performance and contribution.
To enhance the quality of performance management, BTEL continually seeks to sharpen and align individual performance and work
units with overall company performance. The work program associated with these initiatives involves more in-depth and refreshing of
performance planning and evaluation processes, for all heads of working units through workshops as well as using the performance of
individual work units as the basis for individual performance evaluation. The results achieved from the implementation of the evaluation
system include an increased awareness and a sense of responsibility among heads of business units in monitoring and evaluating the
performance of all their staff, while enhancing a proprietory sense for the overall performance management process.
Faster, Better and Cheaper
During 2009, BTEL began to implement a corporate culture known as Faster, Better and Cheaper (FBC), which includes six values, namely:
1. Integrity
2. Innovation
3. Cooperation
4. Winning Spirit
5. Operational Excellence
6. Dependence on Customers
Faster signifies the spirit and ability to work productively, more quickly than competitors, carrying out planning well and apply it rapidly
with meaningful results. Better means the spirit and ability to provide better quality services and products to BTEL customers that are
superior to that of competitors. Cheaper implies spirit and ability that are able to work effectively and efficiently. As a budget operator,
BTEL must be able to provide high-quality products and services – at lower tariffs than its competitors.
Application of this protocol commenced through an FBC Plan Workshop for the managerial level and above, paralleled by training for
supervisors down to the line level. FBC implementation involves certain measurable results, understood by all parties, is easily digested
and directly affects business results. More fundamentally, the application of FBC changes the paradigm of simply determining what effect
it wields on objectives and results into the process of answering a series of “what, how, why, when and which”.
Bakrie Telecom 2009 Annual Report
41
Operational Review
Remuneration System
Remuneration systems are implemented based on two criteria, namely, competitiveness and fairness. Competitiveness means that
BTEL will try to come up with remuneration that is competitive within the industry, while fairness means that employees will receive a
compensation package according to their qualifications and performance. To improve the remuneration system at BTEL, the Company
regularly participates in salary surveys and endeavors to formulate a competitive and fair remuneration system, as well as encourages
employees to show their optimal performance by using survey results as reference.
As described above, the Company puts strong emphasis on performance, thus the amount of salary adjustment, as well as bonuses and
incentives, will be highly dependent on the performance and contribution of each individual, although the achievement of the Company
as a whole would also be a consideration. One of the programs related to this initiative is the introduction of a new incentive system for
the sales division, in an effort to boost sales performance. Implementation of the new incentive system that utilizes more measurable
parameters and business-oriented growth have motivated employees to be more focused in reaching their target.
Human Resources Support System
The Company has undertaken various efforts to provide services to employees more effectively and efficiently. Various initiatives are
being developed to provide work convenience to employees and with a quicker process. Through the automation of a personnel
administration system, an employee can file medical claims, leave requests, training forms and other material through online and without
paper documents, while the superior and related parties can also approve directly through online. This will undoubtedly speed up the
administrative process. Furthermore, through an integrated HR system, the accuracy of employee data will also be enhanced.
BTEL manages employee relationships and sustains communication between levels through several initiatives:
• development of a web-based employee communication medium that allows all employees to access program news (BTEL Portal)
• Organizing various gatherings as venues for management and employee communication
• Provide sport facilities and coaching
• Nurture employee communities related to channel various hobbies and interests, such as Esia Pojok Foto, Esia Bikers, Majelis Taklim and
others.
42
Bakrie Telecom 2009 Annual Report
Operational Review
BTEL HR Demographics
As a dynamic organization that pioneers many business breakthroughs, BTEL is an organization whose employees are generally youthful,
dynamic and highly educated. The tables below illustrate demographics based on age, education and occupation:
Number of Employees by Age
2008
2009
7%
6%
45%
49%
48%
45%
18 - 29 years (821)
50 - 55 years (7)
18 - 29 years (785)
50 - 55 years (4)
30 - 39 years (744)
> 55 years (1)
30 - 39 years (835)
> 55 years (1)
40 - 49 years (92)
40 - 49 years (128)
Number of Employees by Education
2008
2009
10%
8%
6%
6%
20%
21%
62%
65%
S2/S3 (98)
SMU (170)
S2/S3 (106)
SMU (148)
S1 (1,039)
SMP (2)
S1 (1,144)
SMP (1)
D1-D4 (356)
D1-D4 (354)
Number of Employees by Level
2008
2009
1%
1%
4%
4%
13%
59%
13%
59%
23%
23%
Board of Directors (6)
Manager (210)
Board of Directors (6)
Manager (224)
Executive Vice President (5)
Supervisor (381)
Executive Vice President (6)
Supervisor (395)
Vice President (19)
Staff (980)
Vice President (21)
Staff (1,033)
General Manager (64)
General Manager (68)
Bakrie Telecom 2009 Annual Report
43
Management
Discussion
and Analysis
• Industry Overview
• Review of Operating Results
• Financial Review
• Additional Important Information
• Business Development
36
Bakrie Telecom 2009 Annual Report
The choice is in my hands!
9301, 02 or any numbers I like. There are 1001
to choose from Esia Suka-Suka
Management Discussion and Analysis
Industry Overview
The Year 2009 can be said to be a year of recovery for the telecommunications sector in Indonesia. Following the tariff perception war which
occurred during the previous year, tariffs began to stabilize in 2009. With increasing competition, talks about consolidation, especially
involving operators with a relatively small market share, continued throughout the year. In addition, some operators needed to restructure
their subscriber base by focusing on the number of active subscribers who truly contribute to revenue. This was because in the midst of the
tariff war, there were quite a number of new subscribers who only used their phones at certain tariff free hours.
2009 was also the year of rapidly growing data services. This was mainly triggered by the rampant growth of BlackBerry in the Indonesian
market. Producers, both premium and low-end, competed to introduce new handsets with mobile Internet capabilities that can be used
for email, chatting or to access various social networking sites. The growth of the data business was also marked by the development of
BWA services. Most operators now offer packages bundling BWA in with the modem.
From the regulatory side, the year 2009 was the end of an era controlled by the duopoly of Telkom and Indosat IDD services, with the
introduction of SLI Hemat 009 dari BTEL. Interconnection tariffs among operators have not changed, one of the reasons being because the
industry is still in a recovery phase. However, the government made a breakthrough by standardizing telecommunications service quality
parameters in order to guarantee user satisfaction. For the future, operators may be subject to sanctions or penalties if they do not meet
these criteria.
46
Bakrie Telecom 2009 Annual Report
Management Discussion and Analysis
Review of Operating Results
I.
Customer Growth
By the end of 2009 BTEL subscribers had reached 10.6 million, for an increase of 45.2% over the previous year’s 7.3 million. This growth
was the result of a sharp increase in the number of prepaid subscribers which amounted to 46.1% during the period, rising from 7.2
million to 10.5 million. The increase was primarily attributable to increases in the number of prepaid Esia subscribers from 7.0 million
to 10.4 million, or equivalent to 47.4%, supported by strong branding, affordable and innovative services as well as improving network
quality.
Conversely, the number of postpaid subscribers decreased by 15.5%, to 91.2 thousand from 108.0 thousand. This was mainly due
to the reduced number of Wifone, EsiaTel, and Ratelindo postpaid subscribers, where some of them became prepaid subscribers.
Meanwhile, the number of postpaid Esia subscribers amounted to 54.8 thousand, or grew by 2.4%, from 53.6 thousand in 2008.
Subscribers
2008
2009
Change
Prepaid
7,196,518
10,515,715
46.1%
Esia
7,046,046
10,382,840
47.4%
Wifone
145,666
131,232
-9.9%
Esiatel
4,806
1,643
-65.8%
108,025
91,186
-15.6%
53,613
54,833
2.3%
Wifone & ratelindo regular
44,396
26,778
-39.7%
Esiatel & ratelindo wartel
10,016
9,575
-4.4%
7,304,543
10,606,901
45.2%
Postpaid
Esia
Total
II. Tariff
For both prepaid and postpaid subscribers in the JBJB regions, Esia carries a net tariff of Rp 50 per minute flat. This tariff has been
implemented since 2005 and is applicable for the whole day. As for off net calls, the tariff charged will vary depending on the
destination number (PSTN or mobile), the destination distance (Zone 1 - 3) and the calling time (peak or off peak).
Particularly for customers outside JBJB, Esia SP Termurah is available, offering local calls at a net tariff of just Rp 40 per minute,
Rp 80 to the local PSTN, Rp 480 per minute to other local operators and Rp 800 per minute for a number anywhere in the whole
world, including international calls through voice over internet protocol (VoIP).
In the year 2009, Esia also introduced SLI Hemat 009 services. The tariff varies according to destination countries, ranging from
Rp 49-169 per second and is applicable for the whole day.
In addition to voice services, Esia features a rate of Rp 1 per character for SMS to all national carriers and Rp 1,000 per SMS to foreign
operators. As for data access services, Esia imposes a tariff of Rp 250 per minute.
Bakrie Telecom 2009 Annual Report
47
Management Discussion and Analysis
Prepaid
JBJB
Postpaid
Non JBJB
On-net Tariff (Rp per minute):
Local and DLD
(using 01010)
50
40
50
250
80
250
1,000
Off-net PSTN tariff (Rp per minute):
Local
Distance Direct Dialing:
Zone 1 (<200 km) Peak
1,000
800
Zone 1 (<200 km) Off Peak
909
800
636
Zone 2 (200-500 km) Peak
2,273
800
2,091
Zone 2 (200-500 km) Off Peak
1,364
800
1,091
Zone 3 (>500 km) Peak
2,273
800
2,091
Zone 3 (>500 km) Off Peak
1,364
800
1,091
800
480
636
Zone 1 (<200 km) Peak
1,545
800
1,727
Zone 1 (<200 km) Off Peak
1,364
800
1,717
Zone 2 (200-500 km) Peak
2,727
800
2,545
Zone 2 (200-500 km) Off Peak
1,818
800
1,818
Zone 3 (>500 km) Peak
2,727
800
2,545
Zone 3 (>500 km) Off Peak
1,818
800
1,818
Off-net GSM tariff (Rp per minute):
Local
Distance Direct Dialing:
IDD rates (Rp per second):
Asia dan United States
49
49
49
Australia, New Zealand, Canada and Other Asia
69
69
69
Europe and Middle East
Africa
99
99
99
119
119
119
Other countries in the Americas
149
149
149
Oceania
169
169
169
SMS:
SMS to all national operators (Rp per character)
SMS to overseas operators
(Rp per SMS)
WAP/ Data Access (Rp per minute):
1
1
1
1,000
1,000
1,000
250
250
250
An interconnection tariff is charged for calls between operators. This tariff will be paid to the operator receiving the call by the operator
where the call originates. The rates vary for calls from PSTN to mobile and vice versa.
Call Type
Interconnection Revenue
(Termination)
(Rp/minute)
Interconnection Charges
(Origination)
(Rp/minute)
FWA to FWA and PSTN to PSTN:
Local
Rp 73
Rp 73
DLD
Rp 137
Rp 560
International
Rp 612
N.A.
PSTN to Selular:
Local
N.A.
Rp 261
DLD
N.A.
Rp 380
Selular to PSTN:
48
Local
Rp 203
N.A.
DLD
Rp 203
N.A.
Bakrie Telecom 2009 Annual Report
Management Discussion and Analysis
III. Usage Patterns
BTEL recorded Average Revenue Per User (ARPU) at approximately Rp 33,000 for the year 2009, 21.8% lower than the Rp 42,000 of the
previous year. This was primarily the result of the rapid growth of the Company. In line with increasing subscribers, the percentage
of net traffic during the period also increased from 89.7% to 91.8%. And because on net tariffs are much lower than those between
operators, ARPU also experienced a decline.
ARPU for prepaid subscribers was much lower than postpaid. This is because almost all prepaid subscribers come from the lower
middle economic class and below, whose usage levels are lower than those of postpaid subscribers.
Expansion into new cities also contributed slightly to the decline in ARPU, where the level of usage of new subscribers in the city is still
relatively low compared to the subscribers in the cities that Esia already serves.
ARPU
2008
2009
Prepaid
42,000
33,000
Postpaid
137,000
110,000
Blended
42,000
33,000
During the year 2009, BTEL recorded 18.4 billion outgoing minutes of usage (MoU) or an increase of 46.0% from the previous year,
which amounted to 12.6 billion minutes.
Minutes of Usage
(in million minutes)
2008
2009
12,636
18,448
IV. Service Areas
By the end of 2009, BTEL’s services already covered 79 cities, compared to 55 cities in the previous year. 17 of these cities were in the
JBJB area, while the rest were scattered around various other areas of Indonesia. The level of population and economic activity is a
determining factor in choosing a new city.
Coverage
Number of City
2008
2009
55
79
JBJB
27%
22%
Non JBJB
73%
78%
In order to develop its service territory, BTEL is continually adding new networks, while strengthening existing networks. During the
year 2009, the number of base stations increased by 905 to 3,677. In line with the asset light strategy that was applied to the Company,
approximately 94% of BTS tower sites are leased from tower operators.
BTS
Number of BTS
2008
2009
2,772
3,677
JBJB
57%
66%
Non JBJB
43%
34%
Bakrie Telecom 2009 Annual Report
49
Management Discussion and Analysis
Financial Review
Discussion on financial performance in this section refers to the BTEL Financial Statements for the years ended December 31, 2008 and
2009 which have been audited by Public Accountant Tjiendradjaja & Handoko Tomo with Unqualified Opinion, which is presented in this
Annual Report.
Application of PSAK 30, which also adopted from the IFRS, making the reclassification and adjustments to certain accounts in the financial
statements for the year ended December 31, 2009 related to the tower rental expenses to lease account. Based on this accounting
standard, a lease is classified into financial lease or operating lease based on the substance not the form of contract. Asset under capital
lease is recognized if the lease transfers substantially all the risks and rewards incidental to ownership.
I.
Profit and Loss Analysis
Operating Revenues
The Company’s gross operating revenue derived primarily from telecommunications services revenue and interconnection services
revenue. Telecommunications services revenue comes from prepaid services of Esia, EsiaTel and Wifone products, and postpaid
services of Esia, Wifone, EsiaTel and Ratelindo products.
Meanwhile, net operating revenues consist of gross operating revenues after deduction of interconnection expenses and discounts,
which consist of sales commissions paid to distributors and sales agents, free talk time for the subscribers and the results of the
revenue sharing scheme with content providers.
Gross Revenue
(in billion Rupiah)
2008
2009
Change
Prepaid:
Esia
2,278.5
2,943.5
Wifone
53.8
50.3
29.2%
-6.5%
Esiatel
3.2
1.6
-50.0%
Esia
90.5
75.6
-16.5%
Wifone & Ratelindo Reguler
63.7
43.7
-31.4%
Esiatel & Ratelindo Wartel
14.2
3.2
-77.5%
2,503.9
3,117.9
24.5%
301.4
317.7
5.4%
2,805.3
3,435.6
22.5%
(284.4)
(241.1)
-15.2%
Postpaid:
Telecommunications Service Revenue
Interconnection revenue
Gross Operating Revenue
Interconnection expense
Discounts
Net Operating Revenue
50
(318.7)
(451.9)
41.8%
2,202.2
2,742.6
24.5%
BTEL posted a 22.5% increase in gross operating revenues to Rp 3,435.6 billion in 2009 from Rp 2,805.3 billion in 2008. This was mainly
attributed to 24.5% increase in telecommunication service revenues to Rp 3,117.9 billion from Rp 2,503.9 billion. Most of this revenue
comes from Esia prepaid services, which increased to Rp 2,943.5 billion from Rp 2,278.5 billion.
During the same period, BTEL also recorded net interconnection revenue amounting to Rp 76.6 billion, more than four times higher than
the Rp 17.1 billion marked in 2008. This is partly a result of the change in the calculation of interconnection tariffs implemented since
April 2008 and the changing composition of the incoming and outgoing calls, along with increasing the number of subscribers.
Discounts increased 41.8% to Rp 451.9 billion from Rp 318.7 billion the previous year. This increase primarily reflects a higher discount
price for customers, coupled with the revenue sharing portion for the value added service providers (VAS), along with increasing
contribution of VAS to total revenue.
Therefore, net operating revenues also grew by 24.5%, rising to Rp 2,742.6 billion from Rp 2,202.3 billion.
Bakrie Telecom 2009 Annual Report
Management Discussion and Analysis
The following table shows revenues from telecommunications services based on services provided.
Gross Operating Revenue
(in billion Rupiah)
Voice
2008
2009
Change
1,822.1
2,081.9
14.3%
SMS
357.0
610.8
71.1%
VAS, Data, Internet
209.4
311.4
48.7%
Non Usage
115.4
113.8
-1.4%
Interconnection Service
301.4
317.7
5.4%
2,805.3
3,435.6
22.5%
Total
2008
2009
Voice
% to Gross Operating Revenue
65.0%
60.6%
SMS
12.7%
17.8%
VAS, Data, Internet
7.5%
9.1%
Non Usage
4.1%
3.3%
Interconnection Service
Total
10.7%
9.2%
100.0%
100.0%
Revenue from voice services grew by 14.3% to Rp 1,822.1 billion from Rp 2,081.9 billion and remained as the largest contributor to BTEL revenue.
However, the proportion of revenues from voice services to the Company’s gross revenues during 2009 decreased from 65.0% to 60.6%.
At the same time, revenues from non-voice services like SMS and VAS, data and Internet experienced a significant growth of 71.1% and 48.7%. As
a result the percentage of revenues for both services to total revenue also rose respectively to 17.8% and 12.7%, from 12.7% and 7.5% respectively.
This is in line with company strategy to increase the revenue contribution from non-voice services, in order to reduce the dependence of voice
revenue.
Operating Expenses
During the year 2009, BTEL booked operating expenses of Rp 2,454.2 billion or 71.4% of gross revenue. This figure reflects an increase of 34.6%
over the previous year which amounted to Rp 1,823.7 billion or 65.0% of gross revenue. However, following the efficiency measures undertaken,
BTEL successfully reduced the percentage of several components of operating expenses to gross revenue to a lower level.
Depreciation expense includes depreciation charges on BTEL network equipment and other fixed assets, including installation and construction
charges, throughout the useful life of the respected fixed assets. Depreciation expenses increased 126.5% to Rp 979.2 billion from Rp 432.4
billion. The sharp increase was mainly the result of network expansion, particularly in the JBJB area. These amounts include reclassifications of
leases associated with PSAK 30. The contribution of depreciation expense to gross revenue also increased from 15.4% to 28.5%.
Operating & maintenance expenses include electricity charges, leases, frequency licenses, insurance and royalties to the Directorate General of
Posts and Telecommunications, while maintenance expenses primarily include costs for maintenance and repair. Operating and maintenance
expenses decreased 5.5% to Rp 506.1 billion from Rp 536.6 billion, primarily due to rent expenses and repair and maintenance expenses being
lower after the implementation of PSAK 30. As a result, its contribution to gross revenues also declined, from 19.1% to 14.7%.
General and administrative expenses consist of professional fees, rental of office buildings, transportation, electricity, telephone and water,
office supplies and office maintenance. General & administrative expenses increased 26.3%, moving to Rp 224.9 billion from Rp 178.0 billion.
The increase was in line with the rapid BTEL subscriber growth. When compared with the gross revenue, its percentage increased slightly from
6.3% to 6.5%.
Employee expenses consist of salaries and employee benefits, medical benefits, meal allowances and employee training. Personnel costs
increased 20.7% to Rp 291.0 billion from Rp 241.0 billion, due to the hiring of new employees to support the Company’s expansion and
adjustment of employee compensation. When compared with gross revenue, personnel expenses decreased from 8.6% to 8.5%.
Marketing and selling expenses include advertising expenses, promotion and exhibition. Sales and marketing expenses increased 6.5% to
Rp 451.5 billion from Rp 423.9 billion. Although BTEL initiated many advertising and promotional activities, especially in new areas, the Company
Bakrie Telecom 2009 Annual Report
51
Management Discussion and Analysis
reached its efficiency cost target. Viewed from the percentage of gross revenue, sales and marketing expenses decreased from 15.1% to 13.1%.
Operating Expenses
(in billion Rupiah)
432.4
979.2
536.6
506.1
-5.7%
General and administrative
178.0
224.9
26.3%
Personnel
241.0
291.0
20.7%
Sales and marketing
423.9
451.5
6.5%
11.8
1.4
-87.7%
1,823.7
2,454.2
34.6%
% to Gross Operating Revenue
2008
2009
Depreciation
15.4%
28.5%
Operating and maintenance
19.1%
14.7%
General and administrative
6.3%
6.5%
Personnel
Sales and marketing
Other operating
Operating Expenses
EBITDA
EBITDA / Gross operating revenue
8.5%
13.1%
0.4%
0.0%
65.0%
71.4%
2008
2009
822.8
1,269.1
29.3%
36.9%
Change
54.2%
Operating Income
Operating income decreased 23.8% to Rp 288.4 billion in 2009 from Rp 378.6 billion in 2008. This decline was primarily due to operating expenses
that rose higher than operating revenues, along with the expansion of networks to support additional city coverage. Hence, the operating
income margin was also down from 13.5% to 8.4%.
Operating Income
(in billion Rupiah)
Operating Income
Operating Income / Gross operating
revenue
2008
2009
378.6
288.4
13.5%
8.4%
Change
-23.8%
Other Income/Charges
Net other charges decreased by 28.9% to Rp 142.7 billion in 2009 from Rp 200.6 billion in 2008. This decrease was primarily due to foreign
exchange gains amounting to Rp 97.9 billion compared to a loss of Rp 44.5 billion in the previous year. On the other hand, net financial
expenses increased by 67.3% to Rp 220.4 billion from Rp 131.8 billion.
Other Income (Charges)
(in billion Rupiah)
Financing charges - net
2008
2009
(131.8)
(220.4)
Change
67.3%
Gain (loss) on foreign exchange - net
(44.5)
97.9
n/a
Provision for doubtful accounts
(12.5)
(10.6)
-15.1%
Amortization of deferred gain
Others - net
Other Charges - net
52
8.6%
15.1%
126.5%
EBITDA
BTEL booked EBITDA of Rp 1,269.1 billion for the year 2009, or 54.2% higher compared Rp 822.8 billion in 2008. The increase was partly
the result of the implementation of PSAK 30. As a result, the EBITDA margin also increased significantly from 29.3% to 36.9%.
EBITDA
(in billion Rupiah)
Change
Operating and maintenance
Operating Expenses
2009
Depreciation
Other operating
2008
Bakrie Telecom 2009 Annual Report
-
5.6
n/a
(11.8)
(15.2)
28.1%
(200.6)
(142.7)
-28.9%
Management Discussion and Analysis
Profit Before Tax
Profit before tax declined 18.2% to Rp 145.7 billion in 2009 from Rp 178.1 billion in 2008. For the same period, the deferred tax expense
increased 14.8% to Rp 47.3 billion from Rp 41.2 billion, most of which came from tower sale & leaseback transactions.
Net Income
BTEL posted a net profit of Rp 98.4 billion at the end of 2009 or down 28.0% from Rp 136.8 billion of the previous year. This figure reflects a net
profit margin of 2.9%, lower compared to 4.9% in previous years. This decrease was the result of increased operating and financial expenses,
in line with network expansion and the application of PSAK 30.
Net Income
(in billion Rupiah)
Net Income
Net Income / Gross operating revenue
2008
2009
136.8
98.4
4.9%
2.9%
Change
-28.0%
II. Balance Sheet Analysis
Assets
Total assets reached Rp 11,436.3 billion by the end of 2009, or 33.8% higher compared to the Rp 8,546.0 billion a year earlier.
Balance Sheet
(in billion Rupiah)
Cash and cash equivalents
2008
2009
Change
501.6
715.7
42.7%
Other current assets
1,806.7
1,016.1
-43.8%
Total Current Assets
2,308.3
1,731.8
-25.0%
Fixed assets - direct ownership
5,303.3
6,408.3
20.8%
-
2,906.4
n/a
Fixed assets - indirect ownership
Other non current assets
934.4
389.8
-58.3%
Total Non Current Assets
6,237.7
9,704.5
55.6%
Total Assets
8,546.0
11,436.3
33.8%
Current assets decreased 25.0% to Rp 1,731.8 billion in 2009 from Rp 2,308.3 billion in 2008. This decrease was primarily caused
by a 48.5% reduction in short-term investments to Rp 557.8 billion from Rp 1,083.0 billion, as these were used to finance capital
expenditures throughout the year. On the other hand, cash and cash equivalents increased by 42.7% to Rp 715.7 billion, driven by cash
generated from operating activities and a new short-term bank loan from Credit Suisse.
For the same period, non-current assets rose 55.6% to Rp 9,704.5 billion from Rp 6,237.7 billion, fueled by the increase in fixed assets of
75.6% to Rp 9,314.7 billion from Rp 5,303.3 billion. This increase comes from the addition of fixed assets under capital lease amounting
to Rp 2,906.4 billion into total assets, following the application of PSAK 30.
Liabilities
Total liabilities increased by 84.7% to Rp 6,399.3 billion in 2009 from Rp 3,463.9 billion in 2008.
Balance Sheet
(in billion Rupiah)
Short-term bank loan
2008
2009
Change
-
235.0
n/a
1,067.5
1,533.8
43.7%
-
293.2
n/a
Total Current Liabilities
1,067.5
2,062.0
93.2%
Long-term debts
2,279.1
1,713.2
-24.8%
117.4
284.9
142.8%
-
2,339.3
n/a
Total Non Current Liabilities
2,396.4
4,337.4
81.0%
Total Liabilities
3,463.9
6,399.3
33.8%
Other current liabilities
Current maturities of Obligation under
financing leases
Other non-current liabilities
Obligation under financing leases
Bakrie Telecom 2009 Annual Report
53
Management Discussion and Analysis
Current liabilities increased 93.2% to Rp 2,062.0 billion in 2009 from Rp 1,067.5 billion in 2008. The increase was primarily due to a
new short term bank loan amounting to Rp 235.0 billion, plus current maturities of obligation under financing leases amounting to
Rp 293.2 billion from the adoption of PSAK 30. In line with this growth, trade payables increased by 80.4% to Rp 947.0 billion from
Rp 522.9 billion.
Non current liabilities increased by 81.0% to Rp 4,337.4 billion in 2009 from Rp 2,396.4 billion in 2008 where Rp 2,339.3 billion were
recorded as finance lease liabilities in accordance with PSAK 30.
As of December 31, 2009, total short-term and long-term debt, including obligation under financing lease of the Company, amounted
to Rp 4,882.5 billion, mostly denominated in United States dollars.
Debt
(in billion Rupiah)
2008
Short-term bank loan
Change
-
235.0
n/a
1,589.7
1,308.0
-17.7%
Bonds
644.7
646.1
0.2%
Vendor financing
220.0
60.9
-72.3%
Short-term loans
Obligation under financing leases
Total
2009
-
2,632.4
n/a
2,454.3
4,882.5
98.9%
- US$ 145.0 million represents a credit facility arranged by Credit Suisse maturing in 2012. The loan principal is fully hedged.
- US$ 25.0 million represents short-term bank loans, also arranged by Credit Suisse.
- Rp 650.0 billion came from proceeds of the BTEL Rupiah Bond due in 2012.
Bonds
BTEL I IDR Bonds
Rating Agency
Pefindo
Rating
idA-
Stable Outlook
Rating Date
1 July 2009
- Approximately US$ 6.5 million, equivalent to Rp 60.9 billion, is a vendor financing facility from Huawei Tech. Investment Co. Ltd.
- Rp 2,632.4 billion is a finance lease obligation, in line with the application of PSAK 30.
Equity
Total equity at year end 2009 amounted to Rp 5,036.9 billion, relatively the same when compared with the Rp 5,082.1 billion in the
previous year.
III. Cash Flow Analysis
54
Cash flows from operating activities
Total net cash received from operating activities represents cash received from customers, net of payments to suppliers, operating
expenses, as well as incoming and outgoing cash in connection with income and interest expense and taxes.
As of December 31, 2009, net cash provided by operating activities amounted to Rp 1,143.1 billion, higher by 90.5% over the Rp 600.1
billion of the previous year. This reflects an increase in cash receipts from operating activities of 39.7% to Rp 1,440.9 billion, in line with
subscriber growth during the period.
Cash flows from investing activities
Total cash used for investing activities in general is used to pay for purchases and installation of equipment in connection with the
development of network capacity and quality of the Company.
As of December 31, 2009, net cash used for investment amounted to Rp 531.3 billion, down sharply by 84.4% compared to Rp 3,408.2 billion
in the previous year. This decrease was caused by the Company receiving proceeds from the sale of fixed assets of Rp 390.0 billion in 2009,
plus the withdrawal of short-term investments amounting to Rp 521.8 billion to fund capital expenditures.
Bakrie Telecom 2009 Annual Report
Management Discussion and Analysis
Cash flows from financing activities
Total cash provided by and used for financing activities represents cash arising from the issuance of new shares and the conversion of warrants and
cash from the issuance of bonds and revenues from long-term bank debt and cash used for principal payments on bank borrowings.
As of December 31, 2009, net cash used for financing activities amounted to Rp 397.8 billion, most of which was finance lease payments amounting
to Rp 662.8 billion. This was a sharp contrast from 2008 when the company actually received Rp 2,938.4 billion proceeds from rights issue I.
Statements of Cash Flows
(in billion Rupiah)
Net cash flows provided by operating activities
2008
2009
Change
600.1
1,143.1
90.5%
Net cash flows used in investing activities
(3,408.2)
(531.3)
-84.4%
Free cash flow
(2,808.1)
611.8
-121.8%
3,014.1
(397.8)
-113.2%
Net Increase of cash and cash equivalents
206.0
214.0
3.9%
Cash and cash equivalents at beginning of year
295.7
501.6
69.7%
Cash and cash equivalents at end of year
501.6
715.7
42.7%
Net cash flow provided by (used in) financing activities
IV. Capital Expenditures
During the year 2009, BTEL spent capital expenditure of approximately US$ 153.5 million, equivalent to Rp 1.4 trillion, when calculating the
middle rate of Bank Indonesia per December 31, 2009 of Rp 9,400 per US$. This position is lower than the US$ 221.8 million (equivalent to
Rp 2.4 trillion, using the middle rate of Bank Indonesia per December 31, 2008 of Rp 10,950 per US$). More than half of our capital spending
is used for network expansion and the remainder is used for developing various facilities and other support. As for as the source of the funds,
approximately 60% comes from the rights issue in 2008 and another 40% comes from vendor financing and internal cash of the Company.
Bakrie Telecom 2009 Annual Report
55
Management Discussion and Analysis
Additional Important Information
I.
Changes in Accounting Policies
The Company adopted PSAK No.30 (Revised 2007) regarding Rent (“PSAK 30 Revised”). According to PSAK 30 Revised, a lease that transfers
substantially all the risks and rewards incidental to ownership to the lessee are classified as a finance lease. At the beginning of the lease term,
finance leases are capitalized at the fair value of the leased property or at present value of minimum lease payments, if the value is now lower
than the fair value. Minimum lease payments are apportioned between the finance charges and the reduction of the outstanding liability so
as to produce a constant periodic rate of interest on the balance of obligations. Finance charges appear on the income statement.
Leased assets held by lessees under finance leases are recorded as fixed assets and depreciated over the useful life of the leased asset or the
lease term, whichever is shorter, if there is no reasonable certainty that the lessee will obtain ownership by the end of the lease term.
In the case of a sale & leaseback transaction, finance lease transactions are treated as two separate transactions, i.e. transactions of sales and
lease transactions. Any excess proceeds from the carrying value are deferred and amortized over the lease term.
Leases that do not transfer substantially all the risks and rewards incidental to ownership are classified as operating leases.
Relating to BTEL financial statements 2009, the Company has adopted PSAK No. 30 (revised in 2007) under the account of “Lease”. Thus, all
leases represent a significant shift of all the risks and benefits associated with goods that are leased to the lessees, to be classified as a finance
lease (financial lease).
As a result of the implementation of PSAK 30 Revised, in BTEL financial statements 2009, the rental cost of BTS has been changed from rental
fees to depreciation and interest costs. These changes are not applied retroactively to the financial statements for 2007 and 2008. Accordingly,
2009 financial statements can not be compared directly with previous financial statements.
II. Transactions With Related Parties
In the normal course of business, the Company entered into transactions with related parties. Nature of relationship and transactions with
related parties were as follows:
56
Nature of Related Parties
Nature of Transactions
PT Bakrie & Brothers Tbk
Shareholders
Trade payable
PT Bakrie Communications
Shareholders
Service
PT Multi Kontrol Nusantara
Affiliate
Service
PT Bakrie Swasakti Utama
Affiliate
Rental
Perhimpunan Penghuni ATR
Affiliate
Service
PT Catur Swasakti Utama
Affiliate
Rental
PT Dinamika Nusantara Bestari
Affiliate
Rental
PT Cakrawala Andalas Televisi
Affiliate
Service
PT Bakrie Pesona Rasuna
Affiliate
Service
PT Bakrie Corrugated Metal Industry
Affiliate
Service
PT Rasuna Caturtama Corporation
Affiliate
Service
Sales of Services
BTEL provide various telecommunications services to PT Bakrie Swasakti Utama (formerly known as PT Catur Swasakti Utama) and PT Bakrie
Communications. BTEL derived revenues from the sale of services to these related parties of Rp 0.2 billion in 2008 and 2009, respectively.
Rental
BTEL rents office space at Wisma Bakrie from PT Bakrie Swasakti Utama and incurred rental expenses of Rp 4.6 billion for 2008 and Rp 5.0 billion
for 2009.
Bakrie Telecom 2009 Annual Report
Management Discussion and Analysis
Trade Payables
BTEL has entered into contracts with PT Multi Kontrol Nusantara for installation of antennas at 38 locations in the JBJB area. BTEL has also
been involved in several transactions as described in Notes 15 and 32 in the Notes to the Financial Statements with Perhimpunan Penghuni
ATR, PT Bakrie & Brothers Tbk, PT Cakrawala Andalas Televisi, PT Bakrie Swasakti Utama, PT Dinamika Nusantara Bestari, PT Rasuna Caturtama
Corporation, PT Bakrie Pesona Rasuna and PT Bakrie Corrugated Metal Industry. Total trade payables to these related parties were Rp 1.9 billion
at December 31, 2008 and Rp 2.0 billion on December 31, 2009.
III. Extraordinary Events
There were no unusual conditions during 2009 that need to be reported.
IV. Dividend Policy
Pursuant to appropriate laws and regulations, the payment of dividends must be approved by shareholders at the AGM, based on proposals
from the Board of Directors.
Payment of 15% to 25% cash dividends (net income after tax) is planned and will be conducted with respect to its implementation, considering
the level of financial health, the level of capital adequacy and further funding requirements for the business.
In considering the level of financial health, the level of capital adequacy and funding requirements for further business expansion, BTEL will
not distribute dividends to shareholders resultant from the accumulation of BTEL retained earnings as it is still in deficit.
V. Realization on the Uses of Proceeds from Rights Issue
In February 14, 2008, the Company obtained the Effectivity Notice of its Rights Issue I. Through the rights issue, in February 29, 2008, BTEL
issued 8,638,079,352 shares with nominal value Rp 100 per share which were offered at Rp 350 per share. As of December 2009, the proceeds,
after deducting the costs of issuance, had been allocated as follows:
Allocation of Utilization of Proceeds Based on Prospectus
(in billion Rupiah)
Development of telecommunication networks
Proposed
Realization
1,736.5
1,736.5
Addition of a backbone network
500.3
500.3
Development of supporting devices of telecommunication
706.4
706.4
2,943.2
2,943.2
Total
VI. Exchange Controls
Currently, Indonesia only implements limited foreign exchange controls. The Indonesian Rupiah is basically exchanged freely. However, to
maintain stability and prevent acts of speculation by foreign parties, Bank Indonesia has adopted a regulation (No. 7/14/PBI/2005) which can
be described as follows:
- Limiting the amount of movement in domestic banks to foreign banks or foreign branches of banks for no reason (such as a clear trade or
investment).
- Bank Indonesia also has the authority to obtain all information and data on foreign exchange activities of all persons and legal entities
residing in Indonesia or planning to stay in Indonesia for a period of one year.
- Bank Indonesia also requires banks and companies that hold total or annual gross revenues of at least Rp 100 billion to report all their
foreign exchange activities, if the activity is not completed through a bank or non bank financial institutions in Indonesia. Transactions that
have been reported include receipts and disbursement of funds through overseas accounts.
Bakrie Telecom 2009 Annual Report
57
Management Discussion and Analysis
VII. Significant Agreements
Below are significant BTEL agreements and commitments that have been executed. The comprehensive description is there in the Notes to
Financial Statements 2009 number 39.
The parties who have concluded agreements and commitments are as follows:
Third parties:
- PT Huawei Tech. Investment (Huawei)
- PT Indosat Tbk.
- PT Telekomunikasi Indonesia (Persero) Tbk.
- PT Excelcomindo Pratama Tbk.
- PT Telekomunikasi Selular
- PT Komuniksi Selular Indonesia dan PT Metro Selular Nusantara
- PT Hutchinson CP Telecommunications
- PT Smart Telecom
- PT Sampoerna Telekomunikasi Indonesia
- Nortel Networks Singapore Pte. Ltd.
- Ceragon Networks Inc.
- Perjanjian Konsorsium, Konstruksi dan Pemeliharaan Palapa Ring
- PT Mora Telematika Indonesia
- PT Cipta Inti Perkasa
Related parties:
- PT Multi Kontrol Nusantara
- PT Bakrie Swasakti Utama
VIII. Contingencies
On June 18, 2008, the Commission for the Supervision of Business Competition (KPPU) issued decision No. 26/KPPU-L/2007 to the Company
to pay a penalty amounting to Rp 4,000,000,000 to the State Treasury for violations of Article 5 of Law No. 5 year 1999 concerning Prohibition
of Monopolistic Practices and Unfair Business Competition.
The Company filed an appeal against the decision of KPPU on July 23, 2008 to the South Jakarta District Court. The case is still pending as of
the date of completion of financial reports.
IX. Changes in Government Regulations
The Government has proposed a new regulation that may affect BTEL business, namely the convergence of telecommunication and
broadcasting, and a new technology mobile virtual network (including a Next Generation Network). The scope of application of this rule is not
clear, but it can affect business operations, cash flows, financial condition and results of operations of the Company.
X. Significant Events After Balance Sheet Date
There are no significant events after the material date.
XI. Other Important Information
Based on the Company’s Extraordinary General Meeting of Shareholders (EGMS) dated December 16, 2008, as recorded in Notarial Deed No.
27 of Agus Madjid S.H. Notary in Jakarta. the Boards of Commissioners, Directors and Shareholders approved the plan to divest a maximum of
543 telecommunication towers and their supporting facilities.
58
The Company decided to focus its business operation as a network and telecommunication service provider and plans to transfer its
telecommunication tower management to a professional third party in 2009. To perform the Tower Sale Transaction, the Company is required
to obtain approval or submit written notification to the creditors in relation with the asset sale transaction.
On May 14, 2009, the Company and PT Solusi Tunas Pratama (STP) signed a sale and purchase agreement for 543 telecommunication towers
and their supporting facilities. The sales process will be divided into 4 batches. On September 30, 2009, the Company has delivered all
telecommunication towers (543 Towers) and their supporting facilities for the fourth batch.
Bakrie Telecom 2009 Annual Report
Management Discussion and Analysis
Business Development
Wireless Broadband Access
Sharpening competition, especially for voice and SMS services in the Indonesian telecommunications industry, has pointed to data and
internet service access as a key to future growth. Toward that end, BTEL is currently preparing to bring forward broadband wireless access
(BWA) service that to be launched in phases in several major urban centers. The selected technology will be EV-DO, which is the next stage
of the current CDMA 2000 - 1X technology utilized by the Company that will undergo both software as well as hardware upgrade.
The provision of BWA services intends to answer consumer demand for higher upload and download speeds than currently used
technology allows. With a still modest current internet users market penetration in Indonesia of approximately 16% of the total population
or roughly 38 million people, the Company perceives very good prospects for this service. Before long, BTEL believes that revenues from
BWA can provide a significant contribution for the Company..
Network Utilization for Corporate Solutions
Looking at the amount of unused capacity on existing networks and supported by licenses already obtained, BTEL has taken the initiative
to increase network utilization by providing services with greater bandwidth capacity for corporate customers. These services are expected
to become a source of new revenue for the Company.
The service will include high-speed data access and dedicated private line that can be used for video conferencing. BTEL sees that dedicated
data access has become a fundamental business tool for corporate customers everywhere, particularly for setting up multiple local area
networks (LAN), such as between the head office and branch offices. Customers that access real time online data for 24 hours mainly use
permanent communications platforms.
Bakrie Telecom 2009 Annual Report
59
Sustainability
Report
• Corporate Governance
• Audit Committee Report
• Risk Management Committee Report
• Remuneration and Nomination Committee Report
• Control Systems
• Risk Management
• Corporate Social Responsibility
50
Bakrie Telecom 2009 Annual Report
Pop
Jazz
Express yourself, with your favorite music
and artists through Esia Music Box
Rock
Classic
Sustainability Report
Corporate Governance
Basic Principles
As a well-established and reputable business, BTEL has developed its basic principles and set a foundation, embodying concepts of GCG as
applied to:
1. Optimizing the value of the Company through maximum implementation of the principles of transparency, accountability, responsibility,
independence and fairness, imbuing the Company with healthy competitiveness, both nationally and regionally.
2. Supporting corporate management in a clean, transparent and professional manner as well as independency of each BTEL unit, such as
Board of Commissioners, Board of Directors, General Meeting of Shareholders and all other employees.
3. Encouraging corporate management in its decision making and implementations to be based on high moral integrity and in compliance
with prevailing laws and regulations.
4. Encouraging BTEL’s awareness and social responsibility toward the community and environmental sustainability, especially in areas around
the Company.
While, externally, the implementation of GCG in BTEL is evidenced from the legal framework that serves as the basis for GCG implementation in the
Company, namely:
Business Entity
•
•
•
•
Operational
Act No. 40/2007 concerning Limited Liability Companies
Act No. 8/1995 concerning Capital Markets
Act No. 8/1997 regarding Company Documents
Articles of Association
GCG Implementation
•
•
•
•
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Bakrie Telecom 2009 Annual Report
PT Bakrie Telecom Tbk.
•
•
•
•
Act No. 13/2003 on Labor and Employment
Act No. 23/1997 on the Environment
Act No. 8/1999 on Consumer Protection
Act No. 5/1999 regarding Prohibition of Monopolistic
Practices and Unhealthy Business Competition
• Operations Act, i.e., Act No. 36/1999 on
Telecommunications
Act No. 7/2006 on Ratification of the United Nations Convention against Corruption
Act No. 28/1999 on the Implementation of a nation free of Corruption, Collusion and Nepotism
Act No. 31/1999 and Law No. 20/2001 on the Eradication of Corruption
Regulations of Bapepam
Sustainability Report
A sustainable approach to compliance and application of the principles and practices of good corporate governance is a matter of conviction
for the entire BTEL’s Board of Directors and Commissioners. Both these governing bodies have continuously become part of the culture of
ethics and the Company’s integrity in conducting business responsibly. In an effort to establish such an ethical culture, one rich in integrity,
strict implementation of GCG has been applied in BTEL. The scheme for implementation concept using logical framework to develop GCG is as
follows:
INTEGRITY PACT
Structure of the Guidelines: how they
were determined and the commitment
to carry them out
CORPORATE GOVERNANCE
CODE OF CONDUCT
Integrated Financial Systems
Operations, which will then
automatically detect any violations
that occur in the various BTEL units
Statement of determination and
commitment to undertake all duties
and responsibilities consistent with
applicable regulations
Rules for behaving properly, ethically,
honestly and responsibly
FOIS
1. Integrity Pact (IP)
IP is a commitment by management and employees to fulfill all duties, obligations and responsibilities in accordance with applicable regulations
within the company. The commitment was confirmed as of August 1, 2006, through the signing of the BTEL Integrity Pact on August 1 2006, and
continued with the formulation of the Company’s IP Module, which is a detailed manual of rules, covering all aspects of proper and effective IP
implementation in the Company, working towards the realization of the company as an effective integrity environment in Indonesia.
2. Corporate Governance (CG)
Good Corporate Governance is generally defined as the process and structure adopted by the organs of the Company to enhance business
success and accountability of the Company in realizing shareholder value over the long term, with due regard to the interests of other
stakeholders, based on legislation and the ethical values. The level of achievement must meet all requirements, demonstrating propriety
and regularity in its operations in accordance with CG concepts. BTEL relies upon five basic principles to ensure the achievement of Good
Corporate Governance (GC), namely: Transparency, Accountability, Responsibility, Independence and Fairness.
3. Code of Conduct (CoC)
A code or rules of conduct includes the obligations and restrictions applied by BTEL that govern working relationships both internally,
referring to interaction between management, management with employees, between employees and external relationships with third
parties.
4. Financial-Operational Integrated System (FOIS)
FOIS within the logical framework has the function to translate GCG and CoC principles into action by focusing on detailed and symmetrical
check between operational activities in the field with a proper financial aspects related to budgeting, spending and accounting. The actual
function of FOIS is to prevent any deviations that might allow corrupt practices, whether conducted by insiders or insiders working together
with outside parties. There are two things to be considered in the implementation of FOIS: the actualization of policies, rules and SOPs in
accordance with set regulations and the supervision of financial & operational aspects in an integrated manner.
At an operational level, BTEL has various policies and regulations in place, such as authority restrictions (BTEL approval authority), a quality
management system (BTEL-QMS), guidelines and procedures in work units and implementation guidelines that will help employees in their
work and activities in accordance with the specified rules in such a manner that fraud may be avoided as much as possible.
To get obtain an integrated control system of financial and operational aspects, BTEL has Risk Management, Corporate Internal Audit and
Audit Quality in place to anticipate any risks that might arise, conduct investigations of fraud potential and analyze possible discrepancies and
recommend solutions for the problem.
A fundamental GCG concept is the set of principles known as TARIF (Transparency, Accountability, Responsibility, Independency, Fairness).
Description of TARIF is as follows:
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Sustainability Report
–
Transparency
Basic Principles
To maintain objectivity in conducting business, BTEL provides material and relevant information in a way that is easily accessible and can
be understood by all stakeholders. BTEL takes the initiative to disclose not only issues and concerns covered by legislation, but may also be
important for decision making by shareholders, creditors and other stakeholders.
Implementation Principles
1. BTEL provides information in a timely, adequate, clear, accurate, comparable and easily accessible manner to all stakeholders in
accordance with their rights.
2. The information disclosed includes, but is not limited to, the vision, mission, objectives and strategies of BTEL, financial condition,
management composition and compensation, controlling shareholders, share ownership by members of the Board of Directors and
members of the Board of Commissioners and their family members in BTEL and other companies, risk management systems, internal
control system and implementation of GCG and its level of compliance or important events that could affect BTEL conditions.
3. The principle of disclosure adopted by BTEL is not reduce the obligation to comply with the confidentiality provisions of the Company
in accordance with statutory regulations, the rule of privacy and personal rights.
4. BTEL policy is conveyed in writing and appropriately communicated to stakeholders.
–
Accountability
Basic Principles
BTEL must be accountable for its performance in a transparent and fair manner. In order to accomplish such an objective, BTEL must be
properly managed and still accomodate the interests of shareholders and other stakeholders. Accountability is a necessary prerequisite to
achieving sustainable performance.
Implementation Principles
1. BTEL defines job descriptions and responsibilities of each organ and of all employees clearly and in line with the vision, mission, corporate
values and corporate strategy.
2. BTEL believes that all organs and employees are qualified to carry out their duties, responsibilities and roles in the implementation of
same.
3. The Board of Commissioners and Directors ensure the existence of an effective internal control system in managing BTEL.
4. BTEL imposes performance measures for corporate, work units and individuals, including the Board of Commissioners and Directors,
consistent with BTEL business objectives, following an effective system of rewards and punishment.
5. In performing its duties and responsibilities, each BTEL organ and all employees must adhere to business ethics and the Code of Conduct
established jointly by the Board of Commissioners and the Board of Directors.
–
Responsibility
Basic Principles
BTEL complies with legislation and fulfils responsibilities towards society and the environment so that business sustainability can be
maintained over the long term, in the effort to be recognized as a good corporate citizen.
Implementation Principles
1. BTEL organ adhere to principles of prudence, to ensure compliance with laws and regulations, statutes, by-laws and internal policies, as
well as BTEL ethical standards.
2. BTEL fulfils its social responsibility toward the community and surrounding environment, especially around the Company’s working
areas through adequate planning and implementation.
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Bakrie Telecom 2009 Annual Report
Sustainability Report
–
Independency
Basic Principles
To accelerate the implementation of GCG principles, BTEL is managed independently, so that each organ operates in balance and cannot be
intervene by other parties
Implementation Principles
1. Each organ of BTEL avoids domination by any party, not influenced by specific interests, staying free from any conflict of interest as well
as external pressure, so that decisions can be made objectively.
2. Each organ of BTEL performs its functions and duties in accordance with their regulations and legislation, and does not attempt to
dominate or shift responsibility to any other.
–
Fairness and Equality
Basic Principles
In conducting its activities, BTEL always considers the interests of shareholders and other stakeholders as defined by principles of fairness
and equality.
Implementation Principles
1. BTEL provides the opportunity for stakeholders to provide input and express opinions in the interest of the Company, with open access
to information in accordance with the principles of transparency within the scope of their respective capacities.
2. BTEL provides fair and equal treatment to stakeholders in accordance with the benefits and contribution given to the Company.
3. BTEL provides equal opportunities in recruitment, career development and carrying out duties professionally, without distinction of
race, religion, race, class, gender or physical condition.
Business Ethics
Business ethics is the basis of behavior or operational philosophy adhered to by all BTEL employees in carrying out their duties and responsibilities,
in order to create a clean organization.
The concept of business ethics in BTEL refers to how each individual or the Company can act fairly, in accordance with applicable laws and does
not depend on individual or the company’s importance or social standing within the community. Business ethics principles adhered to include:
1. Principle of Autonomy
This refers to the attitude and the human ability to make decisions and act upon his/her own impetus in deciding what is the best thing to
do.
2. Principle of Honesty
There are three aspects to this Principle: Honesty in terms of an agreement or contract, honesty in offering quality goods and services at a fair
price and honesty in internal working relationships within a company.
3. Principle of Fairness
Obliges equal treatment for each individual according to objective and rational criteria. Fairness demands that no parties are deprived of
their rights and interests.
4. The Principle of Mutual Benefit
This principle demands that the business is run in a way that benefits all parties. In a competitive business, this implies that business
competition should aim for a win-win solution.
5. The Principle of Moral Integrity
Internalized within business people or company, the aim is to conduct business while maintaining one’s reputation or that of the Company.
In other word, this principle serves as an encouragement for an individual or the company to be the best.
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Sustainability Report
Planning, Implementation and Evaluation Concept
PREPARATION FOR THE
IMPLEMENTATION OF GCG
The concept and process of planning, implementation and evaluation are summarized in the BTEL GCG implementation roadmap as illustrated
in the following:
GCG
Good Corp. Governance
GGC
Good Governed Company
Compliance with
the provisions and
regulations (both
voluntary and
mandatory) of corporate
governance
GCC
Good Corp. Citizen
Effective control of the
business operation,
especially in terms of
aspects of business risk
CONTINUOUS
IMPROVEMENT
Being an ethical and responsible
citizen of both the industrial and
social communities
THE VALUE CREATION PROCESS
2008 - 2009
2010 - 2011
After 2011
GCG Implementation Roadmap for BTEL
Description:
- Period of 2008 - 2009: GCG (Good Corporate Governance). Conforming to the rules and regulations (mandatory or voluntary) in corporate
governance.
- Period of 2010 - 2011: GGC (Good Governance Compliance). Exerting effective control over business operation, especially aspects of business risks.
- Period after 2011: GCC (Good Corporate Citizen). Namely, to become known as ethical and socially responsible industry member and citizen.
At implementation level, until the end of 2009, BTEL have successfully create and implement:
1. Implementation guidelines for Audit Committee (Audit Committee Charter)
2. Implementation guidelines for Nomination and Remuneration Committee (Nomination & Remuneration Committee Charter)
3. Implementation guidelines for Risk Monitoring Committee (Risk Committee Charter)
4. Implementation guidelines for Committee for Corporate Governance (CG Committee Charter)
5. Integrity Pact module
6. Company regulations
7. BTEL Quality Management System (BTEL-QMS)
8. Internal Control System (Corporate Internal Audit)
9. BTEL Integrity Program and Best Performance Award as a form of assessment of compliance, ethics and performance.
10. Enterprise Risk Management
11. Periodic internal quality survey
12. The adoption of Faster, Better, Cheaper (FBC) concept in operational activities
13. Formulation of management policies and procedures
a. Related business process mapping
b. Implementation of management policies on business processes
c. Formulation of Standard Operating Procedures
Corporate Governance Structure
Corporate governance structure consisting of the General Meeting of Shareholders, Board of Commissioners, Board of Directors, Committees
assisting the Board of Commissioners, and Corporate Secretary.
1. Annual General Meeting of Shareholders (AGMS)
66
AGMS is the body holding the highest power and authority in the Company. AGMS has the authority to appoint and dismiss members of the
Board of Commissioners and Board of Directors, to evaluate their performance, approve amendments of Articles of Association, approve the Annual
Report and determine the form and amount of remuneration for Board of Commissioners and Board of Directors.
Bakrie Telecom 2009 Annual Report
Sustainability Report
During the year 2009, BTEL held one AGMS, which took place on June 16, 2009 with the following resolutions:
• To approve and and accept the report of Board of Directors, in the course of the financial administration for fiscal year 2008.
• To approve and ratify the balance sheet and profit and loss statement for fiscal year ending on December 31, 2008, and to fully acquit and
discharge the members of Board of Directors and the member of Board of Commissioners for their management and supervision during
the fiscal year ending December 31, 2008, insofar as the management and supervision are reflected in the balance sheet and profit and
loss statement along with the public accountant report for the fiscal year ending December 31, 2008.
• To approve the use of net profit generated during the fiscal year 2008 for operational needs and capital expenditure, and not to distribute
profit or dividend to shareholders.
• To authorize the Board of Directors to appoint and determine a public accounting firm to audit the books for the year 2009 and determine
the honorarium.
• To approve the reappointment of all members of the Board of Commissioners and Board of Directors of the Company whose tenure
have expired , for the following tenure in accordance with the Articles of Association of the Company, and to authorize the Board of
Commissioners to determine salaries and allowances for members of the Board of Directors and honorarium for members of the Board of
Commissioners.
2. Board of Commissioners
a. Duties and Responsibilities
The Board of Commissioners is responsible for overseeing the operational management of BTEL as conducted by the Board of Directors,
in accordance with the provisions adopted in the Articles of Association, AGMS resolutions, and applicable rules and laws, and provides
advice to the Board of Directors as necessary.
The Board of Commissioners plays an important role in implementing the principles of Good Corporate Governance through its
supervisory function. Board of Commisioner monitors and evaluates the implementation of the Company’s strategic policy through
reports from Board of Directors and the Committees.
During the year 2009, the Board did not find any violations of the laws or regulations in the financial or telecommunications sector.
b. Membership and Terms of Office
The Board of Commissioners consists of at least two persons: one Chairman and one or more Commissioners. The Board of Commissioners’
tenure commences from the date of the AGMS and terminates at the closing of the third AGMS following the appointment.
Composition of the Board of Commissioners per December 31, 2009 is as follows:
Name
Position
Term of Office
Bobby Gafur S. Umar
President Commissioner
2009 - 2012
Ai Mulyadi Mamoer
Independent Commissioner
2009 - 2012
Rajsekar Kuppuswawimitta
Independent Commissioner
2009 - 2012
Nalinkant Amratlal Rathod
Commissioner
2009 - 2012
Ambono Janurianto
Commissioner
2009 - 2012
c. Board of Commissioners Meetings
During the year 2009 the Board of Commissioners held two meetings with the following details:
Date of Meeting
Agenda
Attendance
5 February 2009
Discussion of Company Performance during the year 2008
Attended by all members of the Board of Commissioners
except for Rajsekar Kuppuswawimitta
15 June 2009
Preparatory discussions on the accountability of
implementation of
duties by the members of the Board of Commissioners for
fiscal year 2008
Attended by all members of the Board of Commissioners
To assist the Commissioners in carrying out their duties, three Committees were established, namely, the Audit Committee, the Risk
Management Committee and the Remuneration and Nomination Committee.
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Sustainability Report
3. Board of Directors
a. Duties and Responsibilities
The Board of Directors is responsible for managing the Company, including risk management and implementation of Corporate
Governance, at all levels of the organization. The Board of Directors’ responsibilities also include implementation of internal control
structure, internal audit function and taking actions based on the findings of internal audit, in accordance with the directives of the
Board of Commissioners. The Board of Directors must develop a business strategy that includes an operating plan and budget, along
with implementation of accounting practices and bookkeeping, in accordance with the provisions of a public Company. The Board of
Directors are also required to account for the performance of their duties to the shareholders, through the AGMS.
b. Membership and Term of Office
The appointment of Directors is set forth in the Articles of Association, stating that the members are to be appointed by the AGMS, for
the period commencing the date of AGMS and terminates at the closing of the third AGMS following the appointment, without limiting
the rights of the AGMS to dismiss them at any time.
Composition of the Board of Directors per December 31, 2009 is as follows:
Name
Anindya Novyan Bakrie
Position
Term of Office
President Director
2009 - 2012
Frederik Johannes Meijer
Deputy President Director
2009 - 2012
Muhammad Buldansyah
Deputy President Director
2009 - 2012
Rakhmat Junaidi
Director
2009 - 2012
Juliandus Lumban tobing
Director
2009 - 2012
Jastiro Abi
Director
2009 - 2012
c. Board of Directors Meetings
During the year 2009 the Board of Directors held 12 meetings with the following details:
Date of Meeting
68
Agenda
Attendance
23 January 2009
- Financial and Operational Review Reports for the December 2008 period
- Review of all reports from the Directors
All Directors were in attendance
10 February 2009
- Financial and Operational Review Report for the January 2009 period
- Review of all reports from the Directors
All Directors were in attendance
11 March 2009
- Financial and Operational Review Report for the February 2009 period
- Review of all reports from the Directors
All Directors were in attendance
20 April 2009
- Financial and Operational Review Report for the First Quarter of 2009
- Review of all reports from the Directors
All Directors were in attendance
12 May 2009
- Financial and Operational Review Report for the April 2009 period
- Review of all reports from the Directors
All Directors were in attendance
22 June 2009
- Financial and Operational Review Report for the May 2009 period
- Review of all reports from the Directors
All Directors were in attendance
14 July 2009
- Financial and Operational Review Report for the June 2009 period
- Review of all reports from the Directors
All Directors were in attendance
19 August 2009
- Financial and Operational Review Report for the July 2009 period
- Review of all reports from the Directors
All Directors were in attendance
15 September 2009
- Financial and Operational Review Report for the August 2009 period
- Review of all reports from the Directors
All Directors were in attendance
20 October 2009
- Financial and Operational Review Report for the September 2009 period
- Review of all reports from the Directors
All Directors were in attendance
17 November 2009
- Financial and Operational Review Report for the October 2009 period
- Review of all reports from the Directors
All Directors were in attendance
15 December 2009
- Financial and Operational Review Report for the November 2009 period
- Review of all reports from the Directors
- Preparation for the Finalization of AOP 2010
All Directors were in attendance
Bakrie Telecom 2009 Annual Report
Sustainability Report
d. Joint Meetings
During the year 2009, Board of Commissioners and Directors held two meetings with the following details:
Date of Meeting
Agenda
Attendance
5 February 2009
Progress of business and corporate finance activities for the
year 2009
- All Directors were in attendance
- All Commissioners were in attendance except for
Rajsekar Kuppuswawimitta
15 June 2009
Discussion of plans for the AGM to be held on 16 June 2009
All Directors and Commissioners were in attendance
4. Remuneration Policy for the Commissioners and Directors
The Board of Commissioners and Directors receive compensation in the form of salaries, allowances and facilities. Remuneration for Board
of Commissioners and Directors was initially discussed Remuneration and Nomination Committee’s meeting. Their recommendations were
put to the AGMS for approval. In regards to the remuneration for Board of Directors, the AGMS authority can be delegated to the Board of
Commissioners.
For the year ending December 31, 2009, the remuneration package of Commissioners and Directors, consisting of fees, incentives, insurance,
bonuses and other facilities and benefits amounted to Rp. 16,816,270,886, compared to the previous year of Rp. 15,824,341,131.
5. Committees
There are no provisions in the Articles of Association regulating the establishment, duties and authority of the committees that assist the
Board of Commissioners. One committee that is mandatory for a public Company is the Audit Committee, in accordance with Bapepam
regulations IX.1.5 on the Formation and Charter of the Audit Committee. Other committees are formed and delegated authority by the Board
of Commissioners to assist the supervision of the Board of Commissioners in accordance with the provisions of Article 121 of Limited Liability
Company Laws, and also demonstrate the good faith of the Company in implementing the principles of GCG.
-
Audit Committee Duties and Responsibilities
The Audit Committee is responsible for giving opinions to the Board of Commissioners on the Report or other matters submitted by the
Board of Directors to the Board of Commissioners, to identify the issues that might require the attention of the Board of Commissioners,
and to perform other tasks related to the duties of the Board of Commissioners, among them being:
a. To review financial information to be released by the Company, including financial reports, projections, and other financial
information.
b. To review the Company’s compliance with laws and regulations of the capital markets and other relevant regulations associated
with corporate activities.
c. To review the audit result of internal auditors.
d. Report to the Board of Commissioners on the various risks faced by companies and risk management practices by the Board of
Directors.
e. To review and report to the Board of Commissioners on complaints relating to BTEL as a public company.
f. Maintain confidentiality of documents, data and corporate information.
Membership and Term of Office
The Audit Committee consists of three members: one Chairperson, who is also an Independent Commissioners and two independent
members. All members of the Audit Committee meet the independence criteria of expertise and integrity as stipulated by various
regulations. Composition of Audit Committee per December 31, 2009 are as follows:
Name
Position
Term of Office
Ai Mulyadi Mamoer
Chairman
2009 – 2012
Leo J. Susilo
Member
2009 – 2012
Yansen Pasaribu
Member
2009 – 2012
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Sustainability Report
Ai Mulyadi Mamoer
(CV can be viewed in the Board of Commissioners’ profiles)
Yansen Pasaribu, CPA
Member of the Audit Committee since June 1, 2006. Chairman of the Offices of Certified Public Accountants Yansen Pasaribu from
1995 - 2009. Has over 20 years experience in accounting, auditing and taxation. Member of the Indonesian Institute of Certified Public
Accountants (No. Reg. IAPI: 711) and a member of the Tiga Pilar Kemitraan. Experience in the field after joining KPMG from 1989 - 1995.
Awarded a degree in Economics from the University of Indonesia, Jakarta, in 1991 and registered as an Accountant (No. Reg. Accounting
Country D-8968) and as an Indonesian Certified Public Accountant (CPA) No: C-000,070 from IAPI in January 2009.
Leo J. Susilo
Member of the Audit Committee since June 2009. Managing Partner of Wimconsult, a consulting firm specializing in the field of
corporate governance, business ethics, risk management and performance improvement. Experience as a member of the Board
of Directors in various subsidiaries of Astra Group, among others being PT Denso Indonesia, EDS Manufacturing Indonesia, Astra
Consulting Services and PT United Tractors Tbk. He also served as a member of the Nomination and Remuneration Committee and Risk
Oversight Committee of PT (Persero) Semen Baturaja. Currently still a Chartered Member of the Indonesian Institute of Commissioners
and Directors (LKDI) and is one of the facilitators in the training program for Commissioners and Directors held by LKDI. A member
of IKAI (Indonesian Institute of Audit Committee) and also Vice Chairman of the Standing Committee of Business Ethics Center at the
Indonesian Chamber of Commerce and Industry (Kadin). Further, also a lecturer in the Executive MBA program of the School of Business
and Management at the Institut Teknologi Bandung (SBM - ITB). Earned a Bachelor’s of Engineering Degree from Bandung Institute
of Technology and a Bachelor’s of Law from the 17 Agustus 1945 University and a Magister rerum publicarum from Hochschuele fuer
Verwaltungswissenschaften, Speyer, Germany.
Audit Committee Meetings
In performing its duties, the Audit Committee has conducted several meetings internally and with all parties related to their performance
of duties. The total number of meetings held by the Audit Committee in 2009 was 34, with an average attendance of each member of
the Audit Committee of 96%.
-
Risk Management Committee
Duties and Responsibilities
The Risk Management Committee is responsible for assisting the Board of Commissioners in matters that include activities such as the
following:
a. Evaluate risk management policies and provide assessments of risk limits (risk appetite and risk tolerance) as set by the Board of
Directors.
b. Evaluate the adequacy of infrastructure, facilities, resources and competence for the implementation of enterprise risk management
(ERM).
c. Ensure the implementation of ERM programs covering risk identification, risk assessment, risk treatment and risk monitoring are
carried out in accordance with internationally recognized risk management standards.
d. Request and collect regular reports from Management regarding business risks that include, but are not limited to:
• Technology Risks
• Regulation Risks
• Operational Risks
• Strategic Risks
• Business Competition Risks
• Financial Risks
• Social Risks
e. Conduct discussions, evaluations, verifications and submit recommendations on risk management mentioned on the previous
point and report the results to the Board of Commissioners.
f. If necessary, the Risk Management Committee can communicate with the Audit Committee with regards to audit results related to
risk assessment and compliance.
g. If required, the Risk Management Committee, with the approval from the Board of Commissioners may invite an independent
outside party to audit the implementation of ERM.
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Membership and Term of Office
The Risk Management Committee consists of two persons: one Chairperson and one member. Composition of the Risk Management
Committee as of December 31, 2009 is as follows:
Name
Position
Term of Office
Rajsekar Kuppuswawimitta
Chairman
2009 – 2012
Ambono Janurianto
Member
2009 – 2012
Rajsekar Kuppuswawimitta
(CV can be viewed in the Board of Commissioners’ profile)
Ambono Janurianto
(CV can be viewed in the Board of Commissioners’ profile)
Risk Management Committee Meeting
The total number of meetings held by the Risk Management Committee in the year 2009 was two times, with an average attendance of
each member of the Risk Management Committee of 75%.
-
Remuneration and Nomination Committee
Duties and Responsibilities
The duties and responsibilities of this Committee are associated with the system of nomination and remuneration for the Board of
Commissioners and Directors. For the tasks associated with the system of nomination of the Directors and the Board of Commissioners,
the committee’s responsibilities are:
1. Formulate job competency criteria for members of The Board of Commissioners and Directors to be used as a criteria during the
selection process.
2. Recommend to the Board of Commissioners ways to cooperate with the Director who supervises the field of human resources in
conducting an internal assessment process (a fit and proper test) in order to obtain candidates for the Board of Directors from within
the company.
3. Monitor and supervise the coaching system and process for leadership candidates in the Company.
4. If necessary, recommend to the Board of Commissioners methods and processes for selecting candidates for the Board of Directors
from outside the company.
5. Recommend to the Board of Commissioners the method and the process of selecting members of the Independent Commissioners,
as representative of minority shareholders.
6. Formulate criteria for job competency for members of the Committees to be used as selection criteria for prospective members and
provide recommendations to the Board of Commissioners concerning methods and the selection process.
For the tasks associated with the system of remuneration for the Board of Commissioners and Directors, the tasks of the Committee:
1. With the permission from the Board of Commissioners and Directors and on behalf of the company, to participate in salary surveys
for the executive level and to obtain benchmarks in preparing remuneration proposals for the Board of Commissioners, Directors
and Committee members.
2. Recommend to the Board of Commissioners methods, techniques and implementation processes during individual performance
appraisals for each member of the Board of Commissioners, Directors and Committee member.
3. Draft salaries and allowance system proposals for the Board of Commissioners, Directors and members of the Committees, as well
as submit recommendations regarding:
a. Assessment of salaries and allowances system.
b. Performance appraisals and bonuses.
c. Stock options.
d. Pension system.
e. Periodically review the type and amount of remuneration paid to members of the Board of Commissioners and Directors.
4. Carry out other tasks requested by the Board of Commissioners.
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For and on behalf of the Board of Commissioners, the Nomination and Remuneration Committee has the authority to take action as
follows:
1. Communicate and obtain information from the Directorate of Human Resources about:
a. Management coaching and development systems, particularly for leadership candidates.
b. Review the current remuneration system for the Board of Commissioners, Directors, members of the Committee and other
senior management.
c. Individual data (curriculum vitae) of senior managers, one level below Director.
2. With the Board of Commissioners and Directors’ approval, hiring outside experts, especially to carry out psychological assessments
and salary surveys.
Membership and Term of Office
Remuneration and Nomination Committee consists of two persons: one Chairperson and one member. Composition of the Remuneration
and Nomination Committee as of December 31, 2009 are as follows:
Position
Term of Office
Bobby Gafur S. Umar
Name
Chairman
2009 – 2012
Nalinkant A. Rathod
Member
2009 – 2012
Bobby Gafur S. Umar
(CV can be viewed in the Board of Commissioners)
Nalinkant A. Rathod
(CV can be viewed in the Board of Commissioners)
Remuneration and Nomination Committee Meeting
The total number of meetings held by the Remuneration and Nomination Committee in 2009 is one time, with an average attendance
of each Remuneration and Nomination Committee member of 100%.
Information Disclosure
1. Corporate Secretary
The Corporate Secretary has the duty and responsibility, among others, to keep track of any development in the capital markets, particularly
regarding applicable regulations, providing services to the public for any information related to the company, providing input to the Board
of Directors in compliance with the provisions of Law Number 8 of 1995 on Capital Markets, including its implementation of regulations, as
well as serving as a liaison or contact person between BTEL, Bapepam LK and the public.
BTEL Corporate Secretary position currently held by Harry Prabowo. He became the Corporate Secretary and Vice President of the Legal
Department of the Company since July 2006, Harry worked as a Legal Advisor in Ongko Sidhartha & Partners Law Firm, and also held several
positions at PT Mobile Phones Nusantara and PT Astra Graphia Tbk. He earned a Bachelor’s Degree in International Law from the University
of Indonesia.
During 2009, correspondence emitting from the Corporate Secretary related to the stock market supervised by IDX and Bapepam LK is as
follows:
Date
5 January
72
Document Number
0109/EST-06/CorpSec/I/2009
From
Harry Prabowo
Intended For
Bapepam LK
Concerning
Report on buy back of BTEL shares as of
December 30, 2008
6 January
0320/EST-06/CorpSec/I/2009
Harry Prabowo
Indonesia Stock Exchange Disclosure of Information
13 January
0905/EST-06/CorpSec/I/2009
Harry Prabowo
Bapepam
Report on Buy Back of BTEL Shares dated January
5 - 9, 2009
15 January
1036/EST-06/CorpSec/I/2009
Harry Prabowo
Bapepam LK
Report on Use of Rights Issue funds for the period of
Quarter 4 2008
15 January
1084/EST-06/CorpSec/I/2009
Harry Prabowo
Indonesia Stock Exchange Report on Use of Rights Issue Funds
15 January
1114/EST-06/CorpSec/I/2009
Harry Prabowo
Indonesia Stock Exchange Report on Buy Back of BTEL Shares
Bakrie Telecom 2009 Annual Report
Sustainability Report
Date
16 January
Document Number
1191/EST-06/CorpSec/I/2009
From
Harry Prabowo
Intended For
Concerning
Indonesia Stock Exchange Report on Disclosure of Information regarding BTEL’s
winning in the DLD tender selection
19 January
1298/EST-06/CorpSec/I/2009
Agustinus Harimurti
Bapepam LK
20 January
1414/EST-06/CorpSec/I/2009
Agustinus Harimurti
Indonesia Stock Exchange Report on buy back of BTEL Shares as of
January 19, 2009
Report on buy back of BTEL Shares January 12 – 16, 2009
3 March
4711/EST-06/CorpSec/III/2009
Harry Prabowo
Indonesia Stock Exchange Explanation to BEI concerning volatility
18 March
5727/EST-05/Finance/III/2009
Harry Setiawan (GM
Accounting & Tax)
Bapepam
27 March
6322/EST-06/CorpSec/III/2009
Harry Prabowo
Indonesia Stock Exchange Written Explanation regarding Financial Statements of
PT Bakrie Telecom Tbk as of December 31, 2008
27 March
6337/EST-06/CorpSec/III/2009
Harry Prabowo
Bapepam LK
27 March
6377/EST-06/CorpSec/III/2009
Harry Prabowo
Indonesia Stock Exchange Financial Statements of PT BakrieTelecom Tbk as of
December 31, 2008
30 March
6504/EST-06/CorpSec/III/2009
Harry Prabowo
Indonesia Stock Exchange Proof Report on the advertisement of
PT BakrieTelecom Tbk Financial Statements as of
December 31, 2008
Document Report on debt data /
foreign exchange liabilities
Submission of Financial Statements of
PT BakrieTelecom Tbk as of December 31, 2008
31 March
6540/EST-06/CorpSec/III/2009
Harry Prabowo
Indonesia Stock Exchange Disclosure of Information
31 March
6587/EST-06/CorpSec/III/2009
Harry Prabowo
Bapepam LK
Proof Report on the advertisement of
PT BakrieTelecom Tbk Financial Statements as of
December 31, 2008
14 April
7561/EST-06/CorpSec/IV/2009
Agustinus Harimurti
Bapepam LK
Report on Use of PT Bakrie Telecom Tbk Rights Issue
Funds
15 April
7665/EST-06/CorpSec/IV/2009
Harry Prabowo
Indonesia Stock Exchange Press Release regarding BTEL’s Initiation on 009
International direct line service
30 April
8677/EST-06/CorpSec/IV/2009
Harry Prabowo
Indonesia Stock Exchange Covering letter on interim financial statement
1 May
8720/EST-06/CorpSec/V/2009
Harry Prabowo
Bapepam LK
1 May
8721/EST-06/CorpSec/V/2009
Harry Prabowo
Indonesia Stock Exchange Submission of PT Bakrie Telecom Tbk 2008 Annual
Report
4 May
8805/EST-06/CorpSec/V/2009
Harry Prabowo
Bapepam LK
4 May
8886/EST-06/CorpSec/V/2009
Harry Prabowo
Indonesia Stock Exchange PT Bakrie Telecom Tbk 2008 Annual Report
Submission of PT Bakrie Telecom Tbk 2008 Annual
Report
Notification on the planning of Annual General
Meeting of Shareholders
6 May
9053/EST-06/CorpSec/V/2009
Harry Prabowo
Indonesia Stock Exchange Report on Interim Unaudited Financial Statements
8 May
9150/EST-06/CorpSec/V/2009
Harry Prabowo
Indonesia Stock Exchange Submission of Public Expose Material
15 May
9703/EST-06/CorpSec/V/2009
Harry Prabowo
Indonesia Stock Exchange Submission of Public Expose Results
18 May
9839/EST-06/CorpSec/V/2009
Harry Prabowo
Bapepam LK
18 May
9847/EST-06/CorpSec/V/2009
Harry Prabowo
Indonesia Stock Exchange Proof Report on the advertisement of AGM
Notification
19 May
9895/EST-06/CorpSec/V/2009
Harry Prabowo
Indonesia Stock Exchange Notification on AGM to Shareholders
1 June
10983/EST-06/CorpSec/VI/2009
Harry Prabowo
Bapepam LK
Proof Report on the advertisement of AGM Notification
in Bisnis Indonesia and Investor Daily Newspapers
Proof Report on the advertisement of AGM
Notification to shareholders
1 June
11009/EST-06/CorpSec/VI/2009
Harry Prabowo
Indonesia Stock Exchange Announcement of AGM dated in June 16, 2009
2 June
11128/EST-06/CorpSec/VI/2009
Harry Prabowo
Indonesia Stock Exchange Proof Report on the advertisement of AGM
announcement in Bisnis Indonesia and Investor Daily
Newspapers
4 June
11422/EST-06/CorpSec/VI/2009
Harry Prabowo
Bapepam LK
4 June
11443/EST-06/CorpSec/VI/2009
Harry Prabowo
Indonesia Stock Exchange Disclosure of Information of PT Bakrie Telecom Tbk
Disclosure of Information of PT Bakrie Telecom Tbk
16 June
12838/EST-06/CorpSec/VI/2009
Harry Prabowo
Indonesia Stock Exchange Press Release dated in June 16, 2009
17 June
12894/EST-06/CorpSec/VI/2009
Harry Prabowo
Indonesia Stock Exchange Notification of the results of AGM and Proof Report on
the advertisement in news media
17 June
12914/EST-06/CorpSec/VI/2009
Harry Prabowo
Indonesia Stock Exchange Notification of results of AGM dated in June 16, 2009
17 June
12920/EST-06/CorpSec/VI/2009
Harry Prabowo
Indonesia Stock Exchange Proof Report on the advertisement of AGM results in
Bisnis Indonesia and Investor Daily Newspapers
30 June
13915/EST-06/CorpSec/VI/2009
Agustinus Harimurti
Indonesia Stock Exchange Officials who are authorized to access IDXNET Online
(e-Reporting)
10 July
14745/EST-06/CorpSec/
VII/2009
Harry Prabowo
Indonesia Stock Exchange Explanation concerning Stock exchange requirement
on the confirmation of Media Release
Bakrie Telecom 2009 Annual Report
73
Sustainability Report
Date
74
Document Number
From
Intended For
Concerning
14 July
14987/EST-06/CorpSec/
VII/2009
Harry Prabowo
Indonesia Stock Exchange Proof Report on the advertisement of the PEFINDO
rating result
14 July
14989/EST-06/CorpSec/
VII/2009
Harry Prabowo
Bapepam LK
14 July
14990/EST-06/CorpSec/
VII/2009
Harry Prabowo
Indonesia Stock Exchange Proof Report on the advertisement of debt rating
result
14 July
14991/EST-06/CorpSec/
VII/2009
Harry Prabowo
Bapepam LK
Notification of the appointment of Public Accountants
15 July
15066/EST-06/CorpSec/
VII/2009
Harry Prabowo
Bapepam LK
Report on Use of Rights Issue Funds fo the period of
Quarter 2 2009
15 July
15084/EST-06/CorpSec/
VII/2009
Harry Prabowo
Indonesia Stock Exchange Report on Use of Rights Issue Funds
15 July
15099/EST-06/CorpSec/
VII/2009
Harry Prabowo
Indonesia Stock Exchange Public Notification for the appointment of Public
Accountants
27 July
15898/EST-06/CorpSec/
VII/2009
Harry Prabowo
Bapepam LK
27 July
15902/EST-06/CorpSec/
VII/2009
Harry Prabowo
Indonesia Stock Exchange Submission of PT Bakrie Telecom Tbk 2009 interim
financial statements
28 July
15964/EST-06/CorpSec/
VII/2009
Harry Prabowo
Indonesia Stock Exchange Notification for submission plan on mid year limited
review financial statements at the end of August 2009
27 August
17867/EST-06/CorpSec/
VIII/2009
Harry Prabowo
Bapepam LK
27 August
17899/EST-06/CorpSec/
VIII/2009
Harry Prabowo
Indonesia Stock Exchange Revision on the submission of mid year financial
statementsthrough IDX Reporting
11 September
8981/INT-06/CorpSec/IX/2009
Harry Prabowo
Bapepam LK
Submission of debt rating result
Submission of mid year 2009 financial statements
Notification for submission plan on mid year limited
review financial statements at the end of August 2009
The submission of 1st semester financial statements as
of June 30, 2009
14 September
19146/EST-06/CorpSec/IX/2009
Harry Prabowo
Indonesia Stock Exchange Interim Financial Statements as of June 2009
14 September
19153/EST-06/CorpSec/IX/2009
Harry Prabowo
Indonesia Stock Exchange Disclosure of Information to the public concerning
Bakrie Telecom performance in 1st semester 2009
15 September
9138/INT-06/CorpSec/IX/2009
Harry Prabowo
Indonesia Stock Exchange Written explanation on PT Bakrie Telecom Tbk
Financial Statement s as of June, 30, 2009
15 September
19283/EST-06/CorpSec/IX/2009
Harry Prabowo
Indonesia Stock Exchange Proof report submission on the advertisement of
Interim Financial Statements dated in 15 September
2009
15 October
21008/EST-06/CorpSec/X/2009
Harry Prabowo
Bapepam LK
15 October
21063/EST-06/CorpSec/X/2009
Harry Prabowo
Indonesia Stock Exchange Report on use of Rights Issue funds for the period of
Quarter 2 2009
26 October
21967/EST-06/CorpSec/X/2009
Harry Prabowo
Indonesia Stock Exchange Notification for limited review process of Financial
Statements for Quarter 3 2009
27 August
17867/EST-06/CorpSec/
VIII/2009
Harry Prabowo
Bapepam LK
27 August
17899/EST-06/CorpSec/
VIII/2009
Harry Prabowo
Indonesia Stock Exchange Revision of submission plan on mid year financial
statements 2009 through IDX reporting
11 September
8981/INT-06/CorpSec/IX/2009
Harry Prabowo
Bapepam LK
14 September
19146/EST-06/CorpSec/IX/2009
Harry Prabowo
Indonesia Stock Exchange The submission of 1st semester financial statements as
of June 30, 2009
14 September
19153/EST-06/CorpSec/IX/2009
Harry Prabowo
Indonesia Stock Exchange Disclosure of Information to the public concerning
Bakrie Telecom performance in 1st semester 2009
15 September
9138/INT-06/CorpSec/IX/2009
Harry Prabowo
Indonesia Stock Exchange Written Explanation regarding Financial Statements of
PT Bakrie Telecom Tbk as of June 30, 2009
15 September
19283/EST-06/CorpSec/IX/2009
Harry Prabowo
Indonesia Stock Exchange Proof Report on the advertisement of Financial
Statements dated in September 15, 2009
15 October
21008/EST-06/CorpSec/X/2009
Harry Prabowo
Bapepam LK
15 October
21063/EST-06/CorpSec/X/2009
Harry Prabowo
Indonesia Stock Exchange Report on Use of Rights Issue funds for the period of
Quarter 2 2009
26 October
21967/EST-06/CorpSec/X/2009
Harry Prabowo
Indonesia Stock Exchange Notification for limited review process of Financial
Statements for Quarter 3 2009
23 November
24177/EST-06/CorpSec/XI/2009
Harry Prabowo
Indonesia Stock Exchange Explanation on stock transaction volatility based on
IDX letter dated in November 20, 2009
26 November
11490/INT-06/CorpSec/
XI/2009
Harry Prabowo
Indonesia Stock Exchange The submission of limited review financial statements
26 November
24494/EST-06/CorpSec/
XI/2009
Harry Prabowo
Indonesia Stock Exchange The submission of limited review financial statements
12 November
25664/EST-06/CorpSec/
XII/2009
Harry Prabowo
Indonesia Stock Exchange Reply letter on Stock exchange requirement on the
confirmation of Media Release dated in December
10.2009
Bakrie Telecom 2009 Annual Report
Report on Use of Rights Issue funds for the period of
Quarter 2 2009
Revision of submission plan on mid year financial
statements 2009
The submission of 1st semester financial statements as
of June 30, 2009
Report on Use of Rights Issue funds for the period of
Quarter 2 2009
Sustainability Report
2. Investor Relations
As a public company, BTEL has an Investor Relations division that is responsible for building and maintaining good relationships between
the Company and the capital markets community, including stock analysts, investment managers and all shareholders, both internal and
external. The main task of this Division is to provide accurate and timely information about BTEL to these stakeholders, to be used in making
their investment decisions regarding the Company.
Dissemination of information is carried out through various media, such as investor relations mailing lists or the corporate website www.
bakrietelecom.com. Information dissemination is also facilitated by participating in various events, such as public exposure or road shows at
home and abroad. In addition, BTEL management active encourages visits from analysts or investment managers.
Investor Relations BTEL currently held by Wim Andrian.
Roadshow
Date
Program
Organizer
Place
Indonesia Telecommunication Day
Deutsche Bank
Singapore
Public Expose
Bursa Efek Indonesia
Indonesia
9 June
Local Roadshow
Danareksa
Indonesia
10 July
Singapore Roadshow
Nomura
Singapore
2 November
Indonesia Corporate Day
Macquarie
Singapore
4 November
Indonesia Investor Conference
Citigroup
Indonesia
11 February
12 may
Company Visit
Institutions
State
12 January
Date
Hwang DBS Vickers Research
Malaysia
13 January
Argyle Street Management Limited
Hongkong
13 January
JP Morgan
Singapore
19 January
Fortis Indonesia
Indonesia
19 January
Nomura
Singapore
Singapore
20 January
ABN AMRO
29 January
Asia Kapitalindo Securities
Indonesia
2 February
Fidelity International
Hongkong
10 February
RBS
Indonesia
11 February
Credit Suisse
Indonesia
12 February
Mitsubishi UFJ
Hongkong
13 February
Capital World Investors
Hongkong
19 February
Bank of America - Merrill Lynch
India
1 April
UBS
Indonesia
3 April
Morgan Stanley
Hongkong
7 April
Credit Suisse
Singapore
14 April
BNP Paribas
Indonesia
28 April
Danareksa
Indonesia
13 May
Danareksa
Indonesia
14 May
NISP Sekuritas
Indonesia
19 May
Speedwell Advisors (Nezu Capital Ltd )
Hongkong
15 June
ABN AMRO
Singapore
16 June
Bank of America - Merrill Lynch
Singapore
16 June
Cazenove Asia
Hongkong
16 June
Fuh Hwa Securities
Taiwan
16 June
HSBC Asset Management Taiwan
Taiwan
9 July
Citigroup
Bangkok
9 July
Employees Provident Fund
Malaysia
9 July
Fidelity International
Hongkong
Hongkong
16 July
JP Morgan
16 July
KAF-Seagroatt & Campbell Securities Sdn
Malaysia
17 July
Macquarie
Indonesia
21 July
CIMB-GK
Malaysia
29 July
Manulife Asset Management
Indonesia
Bakrie Telecom 2009 Annual Report
75
Sustainability Report
Date
1 September
Institutions
State
Alliance Bernstein Hongkong Ltd
Hongkong
Indonesia
1 September
Avenue Capital
2 September
Asia Kapitalindo Securities
Indonesia
3 September
Macquarie
Indonesia
9 September
Nomura
Singapore
16 September
Maple Brown Abbott
Australia
16 September
Morgan Stanley
Hongkong
16 September
Oaktree Capital Management
US, New York
16 September
Orbis Investment Advisory ltd
UK
12 October
Ciptadana Securities
Indonesia
13 October
T Rowe Price
Singapore
21 October
Macquarie
Indonesia
26 October
Bank Mandiri
Indonesia
17 November
Bank of America - Merrill Lynch
Singapore
23 November
CIMB-GK
Malaysia
24 November
Goldman Sachs
Singapore
25 November
Macquarie
Singapore
26 November
Kresna Graha Sekurindo
Indonesia
2 December
Hwang DBS Vickers Research
Malaysia
9 December
UBS
Indonesia
16 December
BNP Paribas
Taiwan
Following its activities in the capital markets, the Company’s stock were also covered by a number of analysts inform both local and foreign
securities. During 2009, there were a total of 12 research reports published.
Analysts Research and Recommendations
Date
Recommendation
Buy
9 December
Ciptadana Securities
4 December
CIMB Securities
Buy
3 December
Danareksa Sekuritas
Buy
2 December
Samuel Sekuritas
Hold
30 October
Macquarie Securities
Outperform
14 October
UBS Securities
Sell
17 September
Mandiri Sekuritas
Buy
17 September
Deutsche Bank
Hold
14 September
Credit Suisse
Underperform
Morgan Stanley
Equalweight
18 August
76
Institutions
15 July
NISP Sekuritas
Sell
26 June
Kresna Sekuritas
Buy
Bakrie Telecom 2009 Annual Report
Sustainability Report
Committee Report
Bakrie Telecom 2009 Annual Report
77
Sustainability Report
Audit Committee Report
The Audit Committee of PT Bakrie Telecom Tbk. carries out its duties in accordance with the guidelines set in the attachment of the Decree
of Capital Market Supervisory Agency (Bapepam LK), No. Kep-29/PM/2004 dated 29 September 2004, which is to review financial statements,
including monitor the activities of external auditors, review the activities of internal auditors, review the issuers’ compliance with the capital
market regulations and other laws, review the implementation of risk management and report as well as review complaints relating to the
issuer.
In performing these duties the Audit Committee has conducted a number of meetings, both internally and with all parties relevant to the
implementation of the above tasks. The total number of meetings that have been held by the Audit Committee in 2009 was 34, with an average
attendance of 96%. The summary of the Audit Committee report is outlined below.
Financial Information
The Audit Committee continuously pays attention and examines all annual and quarterly financial statements. The integrity and quality of this
financial information has been judged satisfactory and in accordance with GAAP and Bapepam LK regulations.
External Auditors
In performing the duties and responsibilities to support the oversight function of the Board of Commissioners on the audit activities done by
external auditors, as promulgated in the Audit Committee Charter point 10.a regarding the relationship with parties associated with the external
auditor, and also based on the Manual of the Audit Committee from the Indonesian Audit Committee Association (IKAI), the Audit Committee
has carried out the following:
a. Provide recommendations on the appointment or dismissal of external auditors
b. Review the letter of assignment
c. Review the scope of work and audit planning
d. Review the external auditors’ report and public accountant management letter
e. Monitor the performance of external auditors in compliance with SPAP, PSAK, Code of Ethics and Bapepam LK regulations.
For the fiscal year 2009, the public accounting firm Tjiendrajaja & Handoko Tomo has been appointed as independent auditors of PT Bakrie
Telecom Tbk.
During the audit process, the Audit Committee is to provide input and monitor the activities of the external auditor in performing its duties,
through seven meetings that have been conducted up to the publication of the audit results for 2009.
Internal Auditor
The Internal Auditor is an important partner of the Audit Committee in performing its duties. In this respect, the Audit Committee always pays
special attention to the audit plan during the year, the audit report and monitors recommendations and acts on internal auditor findings.
The Audit Committee continuously reviews and observes the internal audit reports conducted in regional offices. If there is a significant finding,
the Audit Committee invites the head of internal audit and the head of the unit where the findings was found to clarify and to ensure that the
recommendations and follow-up will be implemented by the relevant unit. When necessary, findings of irregularities and its follow-up, will be
reported to the Board of Commissioners.
Compliance with regulations
The Audit Committee has reviewed the implementation of regulatory compliance with Bapepam regulations performed by the Corporate
Secretary and compliance with other laws, performed by the Legal Division. All compliance obligations have been satisfactorily fulfilled and a
“compliance map” has been created. Based on this map, the Legal Division will conduct monitoring and the result will be presented during the
Audit Committee periodic meeting.
Risk Management
Implementation of risk management is still at an early stage, but a special division has been formed to handle the implementation of risk
management. Training and familiarization has been initiated in the fourth quarter of 2009 and will be continued according to the plan. Ernst &
Young, an external consultant, is helping BTEL in implementing the risk management system.
78
Bakrie Telecom 2009 Annual Report
Sustainability Report
Implementation of Good Corporate Governance
This task is in fact not the duty of the Audit Committee as stipulated in Bapepam Decree No. Kep-29/PM/2004 dated 29 September 2004
mentioned above. But due to the absence of Good Corporate Governance Committee, the duty to conduct a review of the implementation of
GCG by the Board of Commissioners has been delegated to the Audit Committee.
In general, governance practices are already well under way; all necessary SOPs are well documented and can be accessed electronically by
all parties as needed. These good governance practices have received recognition from several external parties. Nevertheless, there are still
opportunities for improvement that can be implemented, namely the formalization of application guidelines at the Board level and also the
preparation of the Company’s Business Ethics Guidelines.
Others
The Audit Committee found no material complaints against the Company that require the attention of the Audit Committee to conduct any
further review.
It is also necessary to state that the Audit Committee also provides recommendations to the Board of Commissioners and Board of Directors
regarding the implementation of a Whistle Blowing System, to strengthen the implementation of the Integrity Pact in PT Bakrie Telecom Tbk. To
support the implementation of integrity, the Company held the “BTEL Best Performance and Integrity Award 2009” program, the award ceremony
for which will take place in 2010.
Conclusion
Based on the above observation and review, the members of the Audit Committee of PT Bakrie Telecom Tbk. are of the opinion that there are
no significant findings or significant issues that need to be reported to the Board of Commissioners. The Audit Committee is confident of the
integrity of financial reporting and transparency in management processes implemented during fiscal year 2009.
Jakarta, April 2010
Audit Committee of PT Bakrie Telecom Tbk.
Ai Mulyadi Mamoer
Chairman
Leo J. Susilo
Member
Yansen Pasaribu
Member
Bakrie Telecom 2009 Annual Report
79
Sustainability Report
Risk Management Committee Report
The Risk Management Committee of PT Bakrie Telecom Tbk. performs its duties in accordance with the manual of the Risk Management
Committee for the implementation of risk management.
In performing these duties, the Risk Management Committee hold meetings with all parties related to the implementation of the above tasks.
The total number of meetings held by the Risk Management Committee in 2009 was two, with an average attendance by the members of the
Risk Management Committee of 75%.
During the Risk Management Committee meeting with the Board of Commissioners and Directors in 2009, The Risk Management Committee
recommended the implementation of Enterprise Risk Management (ERM) and Business Process Enhancement that refer to the industry
standards,
Management has responded to the input from the Risk Management Committee regarding the implementation of ERM by forming the Risk
Management Division. The training and orientation phase started in the fourth quarter of 2009 and is still proceeding according to plan. ERM
implementation is carried out with the support of Ernst & Young Consultants.
Management has also followed up on Risk Management Committee input regarding business process enhancement by setting up a special team
involving all functions of the Company. This business process enhancement is assisted by KPMG Singapore, as the consultant.
Jakarta, April 2010
Risk Management Committee of PT Bakrie Telecom Tbk.
Rajsekar Kuppuswawimitta
Chairman
Ambono Janurianto
Member
80
Bakrie Telecom 2009 Annual Report
Sustainability Report
Remuneration and Nomination Committee Report
The Remuneration and Nomination Committee of PT Bakrie Telecom Tbk. performs its duties in reviewing and evaluating remuneration policies,
including providing recommendations to the Board of Commissioners concerning the remuneration policy for the Board of Commissioners and
Directors.
In 2009 this Remuneration and Nomination Committee has conducted meetings with all relevant parties, to share the implementation of the
above tasks. The total number of meetings held was one, with members’ attendance level of 100%.
During the Remuneration and Nomination Committee meeting with the Board of Commissioners and Directors in 2009, the Remuneration
and Nomination Committee submitted recommendations for remuneration policy related to bonuses and salary increases for the Board of
Commissioners and Directors based on merit for their work in 2009. In providing its recommendations, the Remuneration and Nomination
Committee has taken into account the achievement of company and individual targets.
Jakarta, April 2010
Remuneration and Nomination Committee of PT Bakrie Telecom Tbk.
Bobby Gafur S. Umar
Chairman
Nalinkant Amratlal Rathod
Member
Bakrie Telecom 2009 Annual Report
81
Sustainability Report
Control System
In line with the implementation of best practices in corporate governance, the Company has also adopted an internal control system
supported with full commitment from management.
With the implementation of internal control, there is clear separation of the functions and responsibilities of each employee as stated in
the job description that continues to evolve along with the development of organizational structures. Standard operating procedures
(SOP) are also continuously developed in line with changes to support operational effectiveness.
BTEL has also implemented risk assessment procedures to be carried out through direct interviews with division heads from each unit.
Determination of risk, based on the work activities performed in the unit, relies on the existing SOP.
In order for the the internal control process to run smoothly, communication and information dissemination to all levels of the organization
is to be carried out systematically. This is accomplished through holding weekly internal meetings in each division, and if there is important
information for all employees, it will be communicated through an official email from management.
Monitoring activities to ensure that the control system runs smoothly during 2009 are enforced through periodic operational audits in each
work unit, at both central and regional offices, in accordance with the 2009 audit plan. Audits are conducted by verifying the documents
and through direct implementation in the field.
In order for control systems to continue functioning properly, there must be a continuous improvement and development effort. Both
initiatives are implemented through the involvement of all related parties during the evaluation process of systems and procedures to be
applied within the company and by receiving input to improve control systems of the current SOP.
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Bakrie Telecom 2009 Annual Report
Sustainability Report
Internal Audit
As a properly-managed company and on the path to becoming a good governed company in accordance with the principles of corporate
governance, BTEL has also established an Internal Audit division. This formation is also in line with the Decree of the Chairman of Bapepam LK
Number Kep-496/BL/2008 dated 28 November 2008, Regulation No. IX.I.7 on the Establishment and Guidance of the Internal Audit Unit Charter.
The existence of the internal audit function encourages the creation of control mechanisms that will ensure proper use of resources efficiently,
effectively and in accordance with applicable compliance standards.
In general, the internal audit task is to evaluate the capabilities, effectiveness, compliance and quality performance of duties performed by all
work units in the Company. The internal audit function is to:
1. Assist the President Director in order to effectively safeguard the investments and assets of the Company.
2. Encourage the implementation of more effective oversight inherent to the company in implementing corporate governance
3. Carry out its function, internal audit reporting directly to the President Director.
In the year 2009, BTEL also has issued the Internal Audit Charter which defines the content outline:
1. The purpose and scope of internal audit work
2. The structure and position of the internal audit
3. Authority and responsibility of internal audits
4. Accountability of Head of Internal Audit in his job capacity, as he reports to the Audit Committee
5. Independence
6. Continuity and neutrality, including the prohibition against an internal auditor to hold multiple roles
7. Code of ethics for internal audits
8. Requirements for internal auditors
During the year 2009, the focus of internal audit work was the supervision and control of work and adherence to SOPs, particularly for the
Sales/Commerce divisions in every region. The following table contains a summary report on the implementation of BTEL internal audit
during the year 2009.
Audit Period
February - November 2009
Main Problem
Solutions & Follow Up
Consignment sales in all region.
Create an SOP and its legal basis.
Remittances from sales in all region.
All proceeds from sales are recorded in sales admin
and accounting, while a better control system is
created for improvement.
The Company has appointed Irene Elfrida Sandra Yanti Octaviana as Head of the Internal Audit division. Appointed as Head of Corporate Internal
Audit from 2009. Previously served as GM Treasury from March 2005 until 2008 as well as various managerial positions in the financial directorate
in Indosat and Satelindo from 1995 until February 2005. Received a degree in Economics from Tarumanegara University in 1991 and Qualified
Internal Audit certification (QIA) from the Internal Audit Foundation (YPIA) in February 2010.
Independent Auditors
BTEL uses the services of Tjiendradjaja & Handoko Tomo Public Accounting Firm, located at Jl. Sisingamangaraja No.26, 2nd Floor, Jakarta 12120,
Indonesia, as independent auditors who audited the BTEL financial statements for the period ending December 31, 2009.
The firm conducted one audit on the financial statements as of December 31, 2009, and did not receive other assignments. This firm does not
have any connection or special relationship with the Company.
Total audit costs for the BTEL financial statements were Rp 320 million.
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Sustainability Report
Risk Management
Risk Management is an important factor in the implementation of good corporate governance. BTEL has identified the risk potentials
inherent in the business environment and planning, as well as the possible impact on the achievement of company objectives. We have
also taken steps to mitigate those risks.
Supported by the parent company, PT Bakrie & Brothers Tbk., BTEL conducts a risk management procedure known as Risk Self Assessment,
which assists the Company in evaluating the risk exposure of every business process. All employees involved in the business processs play
active roles in the identification, evaluation and controlling of risks in an effort to build strong team coordination and commitment to
manage risk and implement business processes.
Enterprise Risk Management Implementation
As part of BTEL commitment to prioritize risk management as an important part of its business, the Company has initiated the Enterprise
Risk Management (ERM) system with the assistance of Ernst & Young as an independent consultant from December 2009.
The goal of this ERM implementation is for BTEL to be able to identify and manage risk by developing a solid risk management and control
system. Ultimately, a solid risk management and control system will enable the Company to better achieve its goal of increasing value for
its stakeholders and as well to be a safeguard in achieving both the short and long term objectives of the Company.
The responsibility for overseeing and evaluating risk at BTEL lies with the Commissioners and Directors through an ERM organization
which includes the existence of supporting committees at the Commissioners and Directors’ levels.
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The risk management function comes under the jurisdiction of the Board of Directors. Responsibility for managing strategic risk is also
with the Directors. However, the risk management unit will assist and coordinate the process of identifying, evaluating and controlling
such risks.
Moreover, the company established a Risk Management Committee in 2006. The role of the Risk Management Committee is to provide
recommendations to the Board of Commissioners as a control function in order to ensure the existence and effective operation
of an integrated risk management process. The Risk Management Committee oversees the implementation of ERM and provides
recommendations to ensure adequate implementation of ERM.
The BTEL Risk Officer is responsible for assisting the risk management unit in coordinating the activities of risk management and for
consolidating and analyzing all the risk information in BTEL, particularly those risks included in the category of significant risk.
BTEL Risk Management Framework
The purpose of Risk Management
• To define the principles and concepts of risk management which will provide basic direction for all levels of employees in implementing,
evaluating and developing the effectiveness of ERM in BTEL.
• To provide direction on the process and risk management activities in BTEL to support the achievement of the vision, mission and
objectives of the Company.
Risk Management Philosophy
BTEL understands the importance of commitment to protect its business, including human resources, physical and financial assets by
developing an proactive and sustainable ERM framework to support the Company’s efforts in maintaining growth in a well controlled
environment to enhance stakeholder value.
Risk Appetite and Risk Tolerance
To assess how much risk is acceptable to the Company in order to maximize the results from the existing risks or those that may occur.
BTEL risk tolerance is reflected in risk evaluation. in a form of impact and likelihood of risks that have been agreed and formulated in the
ERM. A risk with an impact greater than “High” cannot be tolerated and should be dealt with immediately.
Scale Impact
Low
(2)
Medium
(3)
High
(4)
Very High
(5)
MEDIUM
HIGH
HIGH
SIGNIFICANT
SIGNIFICANT
Very High
(E)
Very Low
(1)
HIGH
SIGNIFICANT
SIGNIFICANT
LOW
LOW
MEDIUM
HIGH
SIGNIFICANT
LOW
LOW
MEDIUM
HIGH
SIGNIFICANT
LOW
LOW
LOW
MEDIUM
SIGNIFICANT
Medium
(C)
Cautionary area
Low
(B)
Low
MEDIUM
Very Low
(A)
Medium
Scale Likelihood
Significant
High
LOW
High
(D)
Color Coding
Management enhancement
priority area
Monitoring area
Risk Diagram
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Sustainability Report
Vision and Mission of Risk Management
The vision of BTEL risk management is to become the number one telecommunications operator in Indonesia and a major player at the
regional level through ERM implementation, to ensure effective and efficient risk evaluation, understanding and mitigation.
The mission of BTEL risk management is to ensure and continue the operations of BTEL in providing quality connectivity at affordable
tariffs for the Indonesian people by identifying and mitigating threats to improve shareholders’ return on investment, as well as to increase
employees’ welfare.
Risk Management Process
The risk studies conducted are in general based on the main strategic goals of BTEL that have been outlined by senior and executive
management.
The Company identifies significant risks on a continuous basis. Significant risks which may impact negatively on the Company are identified
after business or strategic goals are set.
In measuring risks, BTEL has a corporate risk assessment criteria from an impact and likelihood point of view, which is uniform in nature
and encompasses various areas relevant to business activities in BTEL.
BTEL grades and evaluates risk based on the consequences or effects and possibility or frequency or risk occurrence. After risk is identified
and evaluated, management decides on the actions to take to eliminate, mitigate, accept or shift the identified risk so that it remains
within BTEL tolerance levels. The creation of a risk mitigation plan aids in the identification, controlling and reporting of the control status
on each risk. Moreover, a risk mitigation plan assists the Company in allocating available resources to manage main or critical risks.
To obtain the latest and most accurate information on a risk in order to be able to create better decisions, BTEL conducts risk controlling
and reporting. The main goal of risk controlling and reporting is to motivate the risk owner to take responsibility in managing risk and
making it a main part of his/her everyday activity.
BTEL has identified and evaluated risk as part of its main strategic goal. As a result of this risk management process, BTEL has identified 60
types of risks faced by the Company, which are divided into 32 risks in the significant category, 19 in the high category, 6 in the medium
category and 3 in the low category. Among the significant risks faced by the Company that must be understood and mitigated are the
following:
• Political and Goverment Risk
The telecommunications industry is a highly regulated industry. Any changes in government regulations will affect the Company’s
operations. BTEL anticipates this risk by preparing contingency plans to deal with an unsupportive political environment. In addition,
BTEL optimizes the performance of related units in performing their functions in monitoring compliance with applicable regulations.
• Competitive Risk
With many players in the telecommunications sector, BTEL faces stiff competition. BTEL anticipates a competitive environment by
improving service and product innovation.
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• Risk of Dependence on Network Interconnection
BTEL operations are very dependent on interconnection agreements with cellular, fixed and cordless phone networks as well as related
infrastructure owned by competitors. Interconnection unavailability may result in the disruption of service to customers and the loss
of potential revenue. To reduce this risk, BTEL pays careful attention to its relationship with governments and other operators to ensure
the availability of continuous interconnection.
• Foreign Currency Risk
BTEL operates in Indonesia with revenues denominated in Rupiah. On the other hand, some BTEL liabilities are denominated in foreign
currencies. Fluctuations of foreign currency exchange rates toward Rupiah will directly impact the Company’s profitability. BTEL reduces
this risk factor by entering into transactions to hedge the loan principal.
• Fraud and Revenue Reduction Risk
Within BTEL financial and operational activities, there may appear the risk of fraud. Fraud includes embezzlement or other irregularities,
whether sourced from external or internal parties, and this could affect BTEL financial and operational activities.
With many market innovations undertaken by BTEL, risks arising from fraud have a potentially negative impact that must be taken into
account if they occurred for long periods and in large quantities. This could lead to damage of revenues and profits.
BTEL takes precautions against fraud by implementing revenue assurance for the prevention of revenue losses. Revenue assurance
conducts inspection of records, the thoroughness of the transaction and the billing system as a whole. The testing procedure also applies
to new products and services, before a commercial launch.
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Sustainability Report
Corporate Social Responsibility
As a domestic company specializing in wireless based telecommunications, BTEL is continually required to expand the coverage of its
network. The most common form of network is towers that are usually erected in built-up residential areas. Facing this as an operational
reality, from the beginning of its operations BTEL understood that the Company must position itself as part of the community. This
positioning was then expanded beyond locations where there were towers, to encompass all operational aspects of the Company
including office locations, gerai (outlets) or employee residential neighborhoods.
By positioning itself as a company that became an integral part of the community, BTEL Corporate Social Responsibility (CSR) activities
have always focused on providing benefits to the wider community. This is in line with the philosophy of the founder, the late H. Achmad
Bakrie, who stated “Every rupiah generated by Bakrie must yield benefits to the people.”
To achieve this goal, BTEL ceaselessly strives to build cooperation with all stakeholders and to respect the traditions and cultures of
local communities, in ensuring appropriate CSR activities. Aside from this, BTEL also cooperates with third party partners with sterling
reputations.
At BTEL, CSR is a direct responsibility of the Corporate Communication Unit, which is responsible for mapping the needs and assigns
priority to every activity in each region by establishing harmonious relationships between stakeholders in the area and the Company.
One CSR concept created by BTEL is the Reaching Out Community and Kids (ROCKS). What makes this concept different from other CSR
activities is the direct participation from BTEL employees to become members of ROCKS volunteers. BTEL realizes that its employees are
also members of the community and would naturally want to participate in social activities for the common good. Therefore, BTEL also
provides time, training and separate facilities for ROCKS volunteers.
In general, CSR activities are divided into three parts that have long, medium and short term views. For the long term, CSR activities are
intended to provide added value to people’s lives with programs that are appropriate. For the medium term, programs are intended to
provide benefits through transfer of knowledge. While for the short term, CSR measures are aimed to provide assistance based on the
current needs within the community.
BTEL CSR approach targets People, Education and Planet. This goal is translated into every CSR activity undertaken by taking into
consideration the interests of the surrounding community, where every activity must have knowledge value for its recipients and can
build the community and encourage all aspects within that community to become better and more advanced.
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Schematically, the CSR work programs is as follows:
Project
New Social Media
Public Relation
Media Placement
ATL & BTL
BTEL CSR work programs are categorized into six approaches:
1. Cause Promotion, where BTEL supports social activities initiated by both the Government and non government partners of BTEL.
– Provision of 1000 blankets to the earthquake victims in West Java.
– Provision of logistic assistance in the areas of the earthquakes in West Sumatra and West Java.
– Logistical & telecommunication equipment aid in Situ Gintung in cooperation with the Indonesian Red Cross.
2. Cause Related Marketing, where BTEL donates the proceeds from sales for various social activities in the community.
– Assistance in constructing mosques and schools in Padang from sales of Hape Esia Slank.
– Giving Infaq for five social institutions from sales of Hape Esia Hidayah.
– 1.000 cellphones for teachers in Bali from sales of Hape Esia Bali.
3. Corporate Social Marketing, where BTEL coordinates activities that support changes in society, especially in education, environmental
and disaster preventive measures. For this activity, BTEL works together with several third parties.
– Fun Science in collaboration with education facilitators. This activity provides basic knowledge of telecommunications to school
children aged 7-12 years through attractive media and delivered in a fun way.
– One man, One Tree program in cooperation with Radar Kediri.
– Gerakan Mudah Membaca Al-Quran in collaboration with the Sygma Foundation. This is a two day seminar in learning how to read
the Qur’an quickly, given to representatives from 16 religious schools in West Java.
– Islamic Motivation Workshop for teachers.
– Workshop on prospects of the handset counter business, pulse and handset technicians in cooperation with Ponsel Magazine.
4. Corporate Philanthropy, in which BTEL donates directly to the communities around its business environment.
– Independence Day donations in the areas where BTEL BTS are located
– Sacrifices for Lebaran Haji
– Construction of public facilities such as mosques, toilets etc.
– Zakat and Waqaf Al-Quran movement
– Mass Circumcisions
– Free medical treatment for orphans
– Blood Donation
– Anti drugs awareness programs
5. Community Volunteering, in which BTEL initiated and encouraged the formation of volunteers from within BTEL to actively participate
in their respective community. This volunteer team is then equipped through special training before they are deployed. Teams of
BTEL volunteers have been deployed directly alongside PMI to several disaster areas such as flood in Solo and Situ Gintung as well as
earthquake in Tasik and West Sumatra.
6. Socially Responsible Business, in which BTEL encourage economic growth In the community by formulating a small business model in
telecommunications.
− Uber ESIA in collaboration with Grameen Foundation
During the year 2009, the Company budgeted more than Rp 4.5 billion to support its CSR activities.
Bakrie Telecom 2009 Annual Report
89
Corporate
Data
• Board of Commissioners Profile
• Board of Directors Profile
• Senior Management Profile
• Organization Structure
• Gerai Esia
• Name and Addresses of Supporting Professional
• Definitions and Abbreviations
• Responsibility for 2009 Annual Reporting
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Bakrie Telecom 2009 Annual Report
You can say a lot in just a few words
pay only for what you send
Corporate Data
Board of Commissioners Profile
Bobby Gafur S. Umar
Ai Mulyadi Mamoer
Rajsekar Kuppuswawimitta
President Commissioner
Independent Commissioner
Independent Commissioner
Indonesian citizen, 42 years of age. Served as
An Indonesian citizen, 64 years of age.
An Australian citizen, 54 years of age. Served as
President Commissioner of the Company since
Chairman of the Audit Committee since June
Independent Commissioner of the Company
2003. Currently also serves as Managing Director/
1, 2006 and Independent Commissioner of the
since 2005. Currently also serves as Chairman of
CEO of PT Bakrie & Brothers Tbk. since June
Company. Served as Secretary General of Tiga
Essential Value Associates Pte., Ltd. since 2003.
2009 and President Director of PT Bakrie Indo
Pilar Kemitraan – an anti-corruption coalition
Previously served as Chairman of Arthur D. Little
Infrastructure since March 2008 as well as several
between the government, private sector and
Asia, from 1997 to 2003. From 1980 to 1992 was
other positions as a Director and Commissioner in
civil society. Also serves as trustee for Indonesia
a Senior Marketing executive at Pepsico, for
other Bakrie Group companies. Previously served
Procurement Watch (IPW), a member of the
the United States and Europe, Mars (UK) and
as Vice President Commissioner of PT Bakrie &
Executive Board of Transparency International
Kellogg (Australia). From 1992 to 1997 served
Brothers Tbk. during the period February 2008
Indonesia (TI-Indonesia), a member of the
as Senior Practitioner at Booz, Allen & Hamilton
until May 2009, and was a President Director of
Indonesian Society of Telematics (MASTEL),
(London, Sydney, Singapore) and Executive
the same company from August 2002 until March
founder and member of the Executive Board of
Chairman of Arthur D Little Asia. Holds a Master’s
2008. Other previously held positions include
the Indonesian Society of Entrepreneurs (MEI)
Degree in Business from the Indian Institute of
Operational Director of PT Bakrie Sumatera
and a member of the Society of Indonesian
Management, Ahmedabad, India, awarded in
Plantations Tbk. from June 2000 until August
Commissioners. Other positions held include
1980, and a Bachelor’s from IIT Bombay, India,
2002. From November 2006 to the present, was
being a member of the Integrity Committee in
awarded in 1979.
appointed as the Chairman of the Committee
Bulog, Pertamina and Jamsostek and previously
on Manufacturing and Production in Indonesian
an expert advisor to the President Director and
Engineer Association. From 2008, served as a
Coordinator of expert advisor at PT Telkom, as
member of Agribusiness Sector Assessment
a Commissioner of PT Ratelindo, the Board of
division in the Indonesian Listed Companies
Trustees of Perum Pos dan Giro and the Head
Association.
Business
of Planning at the Ministry of Tourism, Post
Administration (MBA) Degree from the University
and Telecommunications. Holds an Economics
of Arkansas, Little Rock, Arkansas, United States,
degree from the University of Padjadjaran,
awarded in 1995.
Bandung, and a Master’s Degree from Michigan
Holds
a
Master
of
State University, Founder and Member of Team
45 of the National Integrity Council.
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Bakrie Telecom 2009 Annual Report
Corporate Data
Nalinkant Amratlal Rathod
Ambono Janurianto
Commissioner
Commissioner
An Indian citizen, 60 years of age. Served as
An Indonesian citizen, 50 years of age. Served as
Commissioner of the Company since 2005.
Commissioner in 2003. In addition, he currently
Currently also serves as a Commissioner of
also holds positions in several companies,
PT Bumi Resources Tbk and Managing Director
including serving as Director of PT Bakrie
of Capital Managers Asia Pte. Ltd., Singapore.
& Brothers Tbk., since April 2005, President
Previously held various positions at Precision
Director of PT Bakrie Sumatera Plantation,
Products Ltd. (India) (1970-1973), ICICI Ltd.
since June 2000, Commissioner of PT Kilang
(India) (1976-1979), Ashok Leyland Ltd. (India)
Vecolina since September 2001, Commissioner
(1979-1981), PT Texmaco Indonesia Jaya (1981-
of PT Bakrie Plantations Pasaman since June
1982) and PT Tripatra Engineering (1982-1987).
2001, and Commissioner of Agro since August
Has also been involved in Bakrie & Brothers Group
2000. Holds an Economics degree (SE) majoring
over the 1993-2001 period, holding various key
in Management, from Parahyangan Catholic
positions, including Managing Director and
University Bandung in 1986.
Chief Operating Officer of PT Bakrie & Brothers
Tbk. Holds Bachelor of Commerce degree
from Andhra University in India, and in 1976
became a member of the Institute of Chartered
Accountants of India (CA).
Bakrie Telecom 2009 Annual Report
93
Corporate Data
Board of Directors Profile
Anindya Novyan Bakrie
Frederik Johannes Meijer
Muhammad Buldansyah
President Director
Deputy President Director
Deputy President Director
An Indonesian citizen, 36 years of age. Served as
A Dutch citizen, 40 years of age. Served as
An Indonesian citizen, 47 years of age. Served
President Director of the Company since 2003.
Deputy President Director of the Company
as Deputy President Director of the Company
Currently also serves as President Commissioner of
since 2007 in charge of Commercial. Previously
since 2007 in charge of Network Operation.
PT Cakrawala Andalas Televisi (ANTV), since 2009,
worked in various positions in PTT Telecom/
Previously served as System Engineer AT&T
as Chief Operating Officer at Capital Managers
KPN Royal Dutch Telecom in The Netherlands,
Network Systems International, the Netherlands
Asia Pte. Ltd. since 2001, as Commissioner and
England and Indonesia, Unisource NV in the
and Saudi Arabia, during the period from 1988
Chairman of PT Lativi Media Karya (tvOne)
Netherlands, and PT Telkomsel in Indonesia.
until 1992; System Engineering up to managerial
since 2007 and President Director of PT Vision
Holds a degree in International Business
level at AT&T Network Systems Indonesia
Media Asia (VIVA) since 2008. Previously served
Studies from Hanzenhogeschool Groningen,
(Lucent Technologies Indonesia) in the period
as President Director of PT Cakrawala Andalas
the Netherlands, specialized in Marketing at
1992 to 1996 and Director of Networks at
Televisi (ANTV) from 2002 until 2009, as Deputy
Middlesex Poly-University, London, England and
PT Excelcomindo Pratama in the period 2005
to the Chief Operating Officer and Managing
Telecommunications Marketing Executive Course
until 2006. Holds an Electrical Engineering
Director of PT Bakrie & Brothers Tbk during the
at INSEAD, France.
degree from Institut Teknologi Bandung (ITB),
period 1997 until 1999 and as Financial Analyst
at Salomon Brothers Inc., New York, USA from
1996 until 1997. Other currently held positions
include Vice Chairman of Telecommunications,
Information Technology and the Media at
Indonesian Chamber of Commerce and Industry
(KADIN), following the end of his term of office
as Chairman of the Standing Committee of
Telecommunications in the same organization in
2008 and also a member of the Advisory Board
during the Asia Pacific Media Forum (APMF) from
2003 to the present. Holds a Master of Business
Administration (MBA) Degree majoring in Global
Management from Stanford Graduate School of
Business, California, USA, awarded in 2001, and
a Bachelor of Science, majoring in Industrial
Engineering from Northwestern University, USA,
awarded in 1996.
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Bakrie Telecom 2009 Annual Report
awarded in 1988.
Corporate Data
Rakhmat Junaidi
Juliandus Lumban Tobing
Jastiro Abi
Director
Director
Director
An Indonesian citizen, 38 years of age. Served as
An Indonesian citizen, 46 years of age. Juliandus
An Indonesian citizen, 38 years of age. Served
Director of the Company since 2003. Currently
A. Lumban Tobing graduated from the Faculty
as Director in charge of finance since 2007.
serves as Director in charge of Corporate
of Law, University of Pajajaran in 1990. Worked
Previously served as CFO for the Company
Services (intercarrier, regulatory and corporate
as Trade Representative at the Embassy of the
from 2004 until 2007, as a Director at PT Bakrie
communications). Previously served as Finance
Republic of Indonesia in England in 1981, before
Swasakti Utama from 2002 until 2004, holding
Director of PT Radio Telepon Indonesia during
starting his career at the Ministry of Trade in
various managerial positions in the Corporate
the period of 2002 until 2004 and General
1991. Joined Kusnandar & Co. Law Firm and
Banking division, Credit Recovery Unit, Trade
Manager Finance & Legal in PT Radio Telepon
PT Dai-Ichi Kangyo Bank Indonesia as Legal
Finance at HSBC during the years 1998 until 2002
Indonesia from 2001 until 2002 and Manager of
Advisor, prior to joining the Bakrie Group. Starting
and PT Astra International Tbk from 1997 until
PT Skytel from 1994 until 1995. Holds a Bachelor
his career in the Bakrie Group as a Corporate
1998. Holds Bachelor of Engineering degree from
of Economics degree majoring in Accounting
Legal Advisor, with particular responsibility for
the University of Diponegoro in 1995, MEngSc
from Perbanas Jakarta in 1997. Other held
debt restructuring, in 1999 and has served as
from Queensland University of Technology in
positions include Secretary General of the
Director of PT Bakrie Swasakti Utama from 2001
Australia in 1997 and an MBA from the University
Telecommunication Interconnection Clearing
until 2003. In June 2004 was appointed Director
of Western Australia in 2005.
Association (ASKITEL) for the period from 2005
of Legal and HR Administration, as well as
until 2008.
Corporate Secretary at PT Bakrie & Brothers Tbk,
a holding company of Bakrie group, until June
2008. From 2005 to the present, has joined Bakrie
Telecom as the Director who supervises the Legal
Directorate.
Bakrie Telecom 2009 Annual Report
95
Corporate Data
Senior Management Profile
Amit Bose
Ahmad R. Widarmana
Triharry D. Oetji
Head of Strategic Initiative
EVP Supply Chain Management
EVP HR & GA
An Indian citizen, 54 years of age. Served as Head
An Indonesian citizen, 39 years of age. Previously
An Indonesian citizen, 42 years of age. Previously
of the Strategic Initiative of the Company since
served as Vice President of Capital Managers Asia
served as Chief of Human Capital Management
2006. Previously served as President of Reliance
Pte., Ltd., as Senior Manager of the Indonesian
of HCM SCS Astragraphia Technologies. Holds
Infocom (India), President of Tata TeleServices
Bank Restructuring Agency (IBRA) and Manager
a Business Administration degree from the
(India), Pepsi’s Vice President of Marketing in
of corporate and remedial divisions at PT Bank
University of Parahyangan, Bandung, and a
the field of Asian and retail distribution and
Finconesia. Holds a Bachelor of Economics (SE)
Master of International Management from Bond
consumer marketing at Unilever India. Holds an
degree majoring in Management from the
University, Australia.
MBA from the Indian Institute of Management,
University of Padjadjaran, Bandung.
Ahmedabad, India.
Ridzki Kramadibrata
Irfandi Firmansyah
Irwan Anwar
EVP Marketing, Product and CRM
EVP Sales
EVP Network Services
An Indonesian citizen, 40 years of age. Served
An Indonesian citizen, 45 years of age. Served as
An Indonesian citizen, 46 years of age. Graduated
as Executive Vice President of the Company
EVP Sales of the Company since 2008. Previously
from Bandung Institute of Technology, majoring
since 2008 in charge of Marketing, Products, and
he worked in various positions in Telkomsel, with
in telecommunications. Began his career as
CRM. Previously worked in various positions in
last position being Vice President of Java and Bali
an Instrument Engineer for South Sumatra
PT Satelindo in Indonesia, MCI Communications in
Area Telkomsel. Holds a Bachelor of Pharmacy
at PT Schlumberger Oil Service Company.
the United States, Skha Consulting, and PT Smart
degree from Bandung Institute of Technology.
In 1996, became Vice President for Network
Telecom in Indonesia. Holds an Economics degree
Development and Network Operations Center in
from the University of Padjadjaran, a Diploma in
PT Excelcomindo Pratama. Prior to joining Bakrie
Business from UC Berkeley and an MBA from State
Telecom in May 2009, was the Head of Network
University of New York at Buffalo, USA.
Services at PT Sampoerna Telekomunikasi
Indonesia.
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Bakrie Telecom 2009 Annual Report
Corporate Data
Organizational Structure
Board of Commissioners
Audit Committee
President Commissioner
Bobby Gafur S. Umar
Risk Management Committee
Remuneration and Nomination
Committee
Independent Commissioner
Ai Mulyadi Mamoer
Independent Commissioner
Rajsekar Kuppuswawimitta
Commissioner
Nalinkant Amratlal Rathod
Commissioner
Ambono Janurianto
Board of Directors
President Director
Anindya Novyan Bakrie
Deputy President Director
(Commerce)
Frederik Johannes Meijer
Finance Director
Jastiro Abi
Deputy President Director
(Network Services)
Muhammad Buldansyah
Legal Director
Juliandus Lumban Tobing
Director of Corporate Services
Rakhmat Junaidi
Bakrie Telecom 2009 Annual Report
97
Corporate Data
Gerai Esia
Jabodetabek
Gerai Wisma Bakrie
Gedung Wisma Bakrie Lt. Ground
Jl. HR Rasuna Said Kav B1
Jakarta 19920
Gerai Roxy Mas
Ruko ITC Roxy Mas, Blok D2 No. 4-5
Jl. K.H. Hasyim Ashari, Jakarta
Gerai Fatmawati
Ruko ITC Fatmawati Blok A1 No. 22-23
Jakarta Selatan
Gerai Cempaka Mas
Rukan ITC Cempaka Mas Blk A-30-31
Jl. Letjen Suprapto, Jakarta Pusat
Gerai Cileduk
CBD Cileduk Mall
Blok BT B01A, Cileduk - Tangerang
Gerai Istana Plaza
Jl. HOS. Cokroaminoto 121-123
LG D-1, Bandung
Gerai Pondok Gede
Jl. Pondok Gede Raya No. 18-I
Lubang Buaya, Jakarta Timur
Gerai BEC
Istana BEC, Jl.Purnawarman 13-15
LU J 03-08 - Bandung
Gerai Ciputat
Jl. RE. Martadinata Km. 27
Blok A No. 11, Ciputat
Gerai Tasik
Ruko Tasik Indah Plaza No. 41
Jl. HZ Mustofa 345, Tasikmalaya
Gerai Cipayung
Jl. Raya Puncak Km. 17. Cipayung
Puncak - Bogor
Gerai Cirebon
Jl. Siliwangi No.34, Cirebon
Gerai Cikarang
Jl. RE. Martadinata No. 13
Cikarang Kota
Gerai Cinere
Ruko Cinere Blok M No. 20, Cinere
Gerai Soreang
Jl. Raya Soreang No. 21 Rt. 01/04
Ds. Pamekaran - Soreang
Gerai Pluit Muara Karang
Ruko Muara Karang
Blok A4 Utara No. 79 B, Pluit
Gerai Jatinangor
Jl. Raya Jatinangor Km. 25 No. 69
Jatinangor
Gerai Cibinong
Jl. Mayor Oking Jayaatmaja No. 82A
Cibinong
Gerai Sumedang
Jl. Mayor Abdurrahman No. 108
Kota Kaler - Sumedang
Gerai Bogor
Jl. Pajajaran No. 41
(samping dokter 24 jam), Bogor
Gerai Cibubur
Ruko Cibubur Point Blok A No. 3, Cibubur
Gerai Kuningan
Jl. Siliwangi No. 124, Kuningan
Gerai Serang
Jl. A. Yani No. 45 B Cipare - Serang
Gerai Cililitan
Jl. Dewi Sartika No. 292 E, Cililitan
Gerai Garut
Jl. Cimanuk No. 89, Garut
Gerai Karawang
Jl. Tuparev No. 377 E, Cinagoh
Karawang Kota
Gerai Kebon Jeruk
Jl. Lapangan Bola No. 3 A2, Kebun Jeruk
Gerai Purwakarta
Jl. Taman Pahlawan No. 33, Purwakarta
Gerai Sukabumi
Jl. A Yani No. 24, Sukabumi
Gerai Mangga Dua
Mangga Dua Square Lt. 3 Kavling 08
Mangga Dua
Gerai Subang
Jl. Otto Iskandar Dinata No. 51, Subang
Gerai Cimone Tangerang
Jl. Gatoto Subroto Km. 2,5
Cimone - Tangerang
Gerai Cilegon
Jl. Ahmad Yani Km. 1 No. 6
Cilegon - Banten
Gerai Cengkareng
Pusat Niaga Puri Agung
Blok SE II No.11 - 13, Cengkareng
Gerai Cikupa
Jl. Gatot Subroto KM 5.5
Kp Ledug Rt 03 Rw 06 No. 1, Cikupa
Gerai Pulo Gadung
Ruko Pulo Gadung Trade Center
Blok 8-I No. 26, Pulo Gadung
West Java
Gerai Depok
Jl. Margonda Raya No. 27, Depok
Gerai Bekasi
Komp. Kalimalang Komersial Center
Jl. Ahmad Yani No. 5-6, Bekasi
Gerai Serpong
Komp. WTC Matahari BSD, Ruko No. 5825
Jl. Raya Serpong
Gerai DAGO
Jl. Ir. H. Djuanda 155, Bandung
98
Gerai BSM
Bandung Super Mall, L1 Unit B 162
Jl. Gatot Subroto, Bandung
Bakrie Telecom 2009 Annual Report
Gerai Surapati
Jl. PHH. Mustopa No. 39, Surapati
Bandung
Gerai Cianjur
Jl. DR. Muwardi No. 80 (By Pass), Cianjur
Gerai Indramayu
Jl. Jendral Sudirman No. 151, Indramayu
Gerai Kopo
Jl. Kopo Sayati No. 98A, Kopo, Bandung
Corporate Data
Central Java
Gerai Semarang - MT Haryono
Jl. MT. Haryono 878, Semarang
Gerai Semarang - Simpang Lima
Plasa Simpang Lima Lt. 2, Semarang
Gerai Solo
Jl. Adisucipto No. 28, Solo
Gerai Yogyakarta
Jl. Diponegoro No. 64, Yogyakarta
Gerai Purwokerto
Jl. Jend Sudirman No. 618
Purwokerto
Gerai Tegal
Jl. Gajah Mada No. 33, Tegal
Gerai Ungaran
Jl. Diponegoro 745
Ruko Ungaran Square
Gerai Boyolali
Jl. Pandanaran No. 186, Boyolali
Gerai Jember
Jl. Ahmad Yani No. 97, Jember
Gerai Pematang Siantar
Jl. Sutomo No. 292, Pematang Siantar
Gerai Kediri
Jl. Kili Suci No. 79A-79B, Kediri
Gerai Binjai
Jl. Jend. Sudirman No. 192, Binjai, Medan
Gerai Lamongan
Jl. Jaksa Agung Suprapto No. 28
Lamongan
Southern Sumatera
Gerai Pasuruan
Jl. Raya Soekarno Hatta No. A-11
Pasuruan
Gerai Mojokerto
Jl. Mojopahit 436B, Mojokerto
Gerai Palembang
Jl. POM IX
Komp. Ruko Palembang Square
R.116 - 117, Palembang
Gerai Sidoarjo
Jl. Diponegoro No. 2, Mall Ramayana
Sidoarjo
Gerai Pekanbaru
Jl. Jend. Sudirman No. 50
Persimp. Juanda, Pekanbaru
Gerai Plaza Marina
Plaza Marina Lt. 3 No. A2 B1, Surabaya
Gerai Jambi
Jl. MH. Thamrin
(Komp. Ruko - seberang Mall Kapuk)
Jambi
Gerai Gresik
Jl. Usman Sadar No. 173, Gresik
Gerai Wonogiri
Jl. A. Yani No. 172A - Wonogiri
Gerai Batu
Jl. Panglima Sudirman No. 36
Batu - Malang
Gerai Magelang
Jl. Ahmad Yani Ruko Armada Estate
Blok A2 No. 3, Magelang
Gerai Madiun
Jl. Kolonel Mahadi No. 62
Madiun, Jawa Timur
Gerai Pekalongan
Jl.Diponogoro no.43C, Pekalongan
Gerai Singaraja
Jl. Ahmad Yani No. 94D, Kaliuntu
Singaraja - Bali
Gerai Cilacap
Jl. Brigjen. Katamso No. 19, Cilacap
Gerai Lampung
Jl. Ahmad Yani No.16, Bandar Lampung
Gerai Mataram
Jl. Panca Usaha No. 21 C, Mataram
East Java
Gerai Metro
Jl. Pagar Alam No. B 5b
Ruko Sumur - Metro Lampung
Pamasuka
Gerai Makasar
Jl. Botolempangan No 34 A/B, Makassar
Gerai Balikpapan
Jl. Jend. Sudirman No. 565 - 566
Balikpapan
Gerai Banjarmasin
Jl. Ahmad Yani Km. 7,2 No. 269/3A-B
Kertak Hanyar, Banjarmasin
Northern Sumatera
Gerai Surabaya - Darmo
Jl. Raya Darmo No. 112, Surabaya
Gerai Surabaya - WTC
Gedung WTC Lt. I Galeria
Jl. Pemuda 27-31, Surabaya
Gerai Malang
Jl. Letjen. S. Parman No. 82-84, Kav 5-6
Malang
Gerai Bali
Jl. Teuku Umar No. 77, Denpasar
Gerai Medan Monginsidi
Jl. Mongonsidi No. 18, Medan
Gerai Samarinda
Ruko Permata Kaltim
Jl. Pahlawan No. 28-29, Samarinda
Gerai Medan Millenium
Jl. Kapt Muslim Komp. Ruko
Plaza Blok A-5, Medan
Gerai Pontianak
Pontianak Mega Mall, Blok B-8 & B-9
Jl. Ahmad Yani, Pontianak
Gerai Batam
Kompleks Sakura Anpan Blok E No. 3
Nagoya - Batam
Gerai Manado
Ruko Boulevard, No. 6-7
Jl. Piere Tendean, Manado
Gerai Padang
Jl. Ahmad Yani No. 40, Padang
Bakrie Telecom 2009 Annual Report
99
Corporate Data
Name and Addresses of Supporting Professional
Securities Administration Bureau
PT Ficomindo Buana Registrar
Mayapada Tower 10th Floor Suite 02 B
Jl. Jend. Sudirman Kav 28
Jakarta 12920
Telp : (+62-21) 521 2316, 521 2317
Fax : (+62-21) 521 2320
Email : ficomindo_br@yahoo.co.id
Independent Auditor
Tjiendradjaja & Handoko Tomo
Registered Public Accountants
Jl. Sisingamangaraja No. 26, Lantai 2
Jakarta 12120 - Indonesia
Telp : (+62-21) 720 2605
Fax : (+62-21) 727 88954
www.mazars.co.id
Rating Agency
PT Pemeringkat Efek Indonesia (Pefindo)
Setiabudi Atrium, Lantai 8, Suite 809-810
Jl. H.R. Rasuna Said Kav. 62
Jakarta 12920
Telp : (+62-21) 521 0077
Fax : (+62-21) 521 0078
Listed Shares
PT Bursa Efek Indonesia
Indonesia Stock Exchange Building Tower 1
Jl. Jend. Sudirman Kav. 52-53
Jakarta 12190
Telp : (+62-21) 515 0515
Fax : (+62-21) 515 0330
100
Bakrie Telecom 2009 Annual Report
Corporate Data
Definitions and Abbreviations
ARPU
: Average Revenue per User, or the average revenue
per subscriber.
MSC
: Mobile Switching Center, a central telephony device
to manage telephone traffic, as well as controlling
BSC.
Anak Perusahaan / : Companies whose financial statements are
Subsidiaries consolidated into the Company in accordance with
accepted accounting standards in Indonesia.
Perseroan /
Bandwidth
The Company domiciled in Jakarta, established under the laws of
: The width of the frequency band, which is a
measure of capacity of a communications network.
Bapepam LK
: Capital Market and Finance Institutions Supervisory
Agency as stipulated in Article 3, Capital Market Law.
BSC
: Base Station Controller, the device that controls
radio channels, regulates and allocates a mobile
phone signal from BTS to BTS or BTS to MSC.
BNBR
: PT Bakrie & Brothers Tbk., a listed limited liability
company established under the laws of the Republic
of Indonesia, as a majority shareholder of the
Company.
BTS
: Base Transceiver Stations, i.e. radio signal receiving
and transmitting device.
Call Center
: Customer service telephone center.
CDMA
: Code Division Multiple Access, namely, a multiple
access radio system for digital voice and data
transmission, where users share frequencies through
unique codes.
Churn Rate
CRM
: The total number of disconnected customers of the
Company network either unilaterally or not over a
period, divided by the number of subscribers at the
end of the period, divided by the number of months
in the period, and expressed as a percentage.
: Customer Relationship Management, namely service
management for customers intended to enhance
customer satisfaction and loyalty, supported
by professional human resources, integrated
business processes, as well as efficient and effective
technologies.
: PT Bakrie Telecom Tbk., a limited liability company,
the Republic of Indonesia.
PMA / FDI
: Foreign Direct Investment.
PMDN
: Domestic Investment.
PSTN
: Public Switch Telephone Network, i.e. fixed
telecommunications network that is used for
providing domestic telephone services.
ROA
: Return on Assets is the ratio of net income to total
assets within the same period.
Roaming
: A mobile service enabling subscribers of to use their
own or another operator’s network outside of their
original area.
ROE
: Return on equity is the ratio of net income to total
equity within the same period.
RUIM
: Removable User Identification Module, i.e., a card
inserted into a mobile handset to identify the
customer within a CDMA network.
RUPS
: Annual General Meeting of Shareholders (AGMS).
RUPSLB
: Extraordinary General Meeting of Shareholders (EGMS)
Seluler / Cellular
: Mobile wireless access network not limited to a
DPS : List of Shareholders.
E-TDMA
: Extended Time Division Multiple Access, namely,
multiple access telecommunication technology
allowing users to share frequencies divided into
time slots.
SLI / IDD
: International Direct Dialling.
SLJJ / DLD
: Domestic Long Distance.
EBIT
: Earnings Before Interest and Tax.
SMS
: Short Messaging Service, i.e. a service for sending
EBITDA
: Earnings Before Interest, Tax, Depreciation and
Amortisation.
Gerai Esia
: Sales and service outlet for all Company products.
GSM
: Global System for Mobile Communications, which
is a European mobile telecommunications system
standard.
STLR
: Fixed wireless radio.
HMETD/Rights
: Pre-emptive Rights to purchase a security.
Talktime
: The length of time for voice connection.
IHSG : Indonesia Composite Stock Price Index.
USO
: Universal Service Obligation, the obligation to
JBJB
: Jakarta, Banten and West Java.
develop a telecommunications infrastructure in less-
KSEI
: Indonesian Central Securities Depository.
developed regions.
Limited Mobility
: A fixed wireless access phone network limited to a
specific area of operation.
MMS
: Multimedia Messaging Service, a service which
allows customers to send multimedia data.
particular area of operation.
and receiving data in the form of text to and from a
mobile phone.
Starter pack
: Starter pack containing a RUIM card for sale to new
customers.
VAS
: Value Added Services.
VoIP
: Voice Over Internet Protocol, namely, internet-based
voice connection service.
Bakrie Telecom 2009 Annual Report
101
Responsibility for 2009 Annual Reporting
This Annual Report, including the accompanying financial statements and related financial information, is the responsibility of the
management of PT Bakrie Telecom Tbk. and has been signed by members of the Board of Commissioners and Directors.
BOARD OF COMMISSIONERS
BOBBY GAFUR S. UMAR
PRESIDENT COMMISSIONER
AI MULYADI MAMOER
INDEPENDENT COMMISSIONER
RAJ MITTA
INDEPENDENT COMMISSIONER
NALINKANT A. RATHOD
COMMISSIONER
AMBONO JANURIANTO
COMMISSIONER
BOARD OF DIRECTORS
ANINDYA NOVYAN BAKRIE
PRESIDENT DIRECTOR
FREDERIK J. MEIJER
DEPUTY PRESIDENT DIRECTOR
RAKHMAT JUNAIDI
DIRECTOR
102
Bakrie Telecom 2009 Annual Report
MUHAMMAD BULDANSYAH
DEPUTY PRESIDENT DIRECTOR
JASTIRO ABI
DIRECTOR
JULIANDUS A. LUMBAN TOBING
DIRECTOR
Financial Reports
Bakrie Telecom 2009 Annual Report
103
90
Bakrie Telecom 2009 Annual Report
PT BAKRIE TELECOM Tbk
NERACA
31 DESEMBER 2009
(Dengan Angka Perbandingan 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
Catatan /
Notes
2009
PT BAKRIE TELECOM Tbk
BALANCE SHEET
DECEMBER 31, 2009
(With Comparative Figures as of December 31,
2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
2008
2007
ASET
ASET LANCAR
Kas dan setara kas
Investasi jangka pendek
Piutang usaha
(setelah dikurangi penyisihan
piutang ragu-ragu sebesar
Rp20.724.887.463 pada
tahun 2009, Rp26.396.142.509
pada tahun 2008 dan
Rp37.294.180.760 pada
tahun 2007)
Persediaan
Uang muka
Biaya dibayar di muka
Pajak dibayar di muka
ASSETS
2b,3,34
2c,4,34
2d,5
2f,6
7
2g,8
2t,31a
Jumlah Aset Lancar
715.672.709.550
557.798.068.808
501.639.725.742
1.083.022.599.227
295.662.862.220
100.026.567.865
CURRENT ASSETS
Cash and cash equivalents
Short-term investments
94.468.973.285
27.663.062.467
17.752.614.593
114.655.247.894
203.798.590.848
120.970.886.696
35.757.977.390
22.685.668.068
334.291.480.640
209.949.908.089
102.985.581.076
18.426.917.943
48.955.156.754
206.602.524.580
137.718.053.139
Trade receivables
(net of allowance for
doubtful accounts of
Rp20,724,887,463 in 2009,
Rp26,396,142,509 in 2008
and Rp37,294,180,760
in 2007)
Inventories
Advances
Prepaid expenses
Prepaid taxes
1.731.809.267.445
2.308.318.245.852
910.377.663.577
Total Current Assets
39.745.869.788
31.856.593.772
27.402.489.199
149.299.002.847
327.378.215.300
123.024.653.054
ASET TIDAK LANCAR
Kas yang dibatasi penggunaannya 2b,13,34
Uang muka pembelian
aset tetap
9
Aset tetap
(setelah dikurangi akumulasi
penyusutan sebesar
Rp2.341.074.914.428
pada tahun 2009,
Rp1.421.272.376.692
pada tahun 2008 dan
Rp988.911.391.930
pada tahun 2007)
2h,2i,2j,2k,10
Beban ditangguhkan
2m,11
Taksiran tagihan pajak penghasilan
2t,31b
Aset derivatif
2o,12
Jaminan
2l,34
9.314.678.257.934
45.615.970.187
69.978.503.322
85.148.177.232
5.303.281.246.648
43.942.823.519
523.739.071.687
7.456.409.314
Fixed assets
(net of accumulated
depreciation of
Rp2,341,074,914,428 in 2009,
Rp1,421,272,376,692 in 2008
and Rp988,911,391,930
3.307.202.072.332
in 2007)
10.318.245.034
Deferred charges
30.289.564.291 Estimated claims for tax refund
249.221.762.416
Derivative assets
6.327.344.783
Security deposits
Jumlah Aset Tidak Lancar
9.704.465.781.310
6.237.654.360.240
3.753.786.131.109
Total Non-Current Assets
11.436.275.048.755
8.545.972.606.092
4.664.163.794.686
TOTAL ASSETS
JUMLAH ASET
Catatan atas laporan keuangan terlampir merupakan bagian yang
tidak terpisahkan dari laporan keuangan secara keseluruhan.
NON-CURRENT ASSETS
Restricted cash in banks
Advances for purchase of
fixed assets
The accompanying notes to the financial statements are an integral
part of these financial statements.
1
PT BAKRIE TELECOM Tbk
NERACA
31 DESEMBER 2009
(Dengan Angka Perbandingan 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
Catatan /
Notes
2009
PT BAKRIE TELECOM Tbk
BALANCE SHEET
DECEMBER 31, 2009
(With Comparative Figures as of December 31,
2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
2008
2007
KEWAJIBAN DAN EKUITAS
KEWAJIBAN LANCAR
Pinjaman bank jangka pendek
Hutang usaha
Pihak ketiga
Hubungan istimewa
Hutang lain-lain
Pendapatan diterima dimuka
Uang muka pelanggan
Beban masih harus dibayar
Hutang pajak
Kewajiban jangka panjang yang
jatuh tempo dalam waktu
satu tahun
Hutang usaha
Pinjaman bank
Hutang sewa pembiayaan
LIABILITIES AND EQUITY
14,34
235.000.000.000
-
-
15,34
2e,15,32
16,34
2q
17
18
2t,31c
945.027.120.392
1.952.203.668
8.068.617.691
68.121.003.153
34.212.754.408
165.852.158.369
8.670.528.405
522.930.230.802
1.894.722.185
6.969.793.120
81.472.910.478
55.830.572.733
197.018.153.669
6.465.373.667
186.579.573.237
4.867.117.654
9.960.205.069
19.720.021.045
41.518.821.506
158.028.365.094
7.477.326.258
15
19,34
60.908.437.400
241.007.514.670
149.022.531.748
26.241.460.486
72.369.578.778
-
2h,2i,20
293.151.533.364
-
-
Current maturities of
long-term loans
Trade payables
Bank loans
Obligation under financing
leases
2.061.971.871.520
1.047.845.748.888
500.521.008.641
Total Current Liabilities
2t,31e
2r,33
164.639.066.027
25.150.416.079
117.366.753.301
19.632.287.930
76.123.128.694
13.845.874.291
2i
95.126.334.737
-
Jumlah Kewajiban Lancar
KEWAJIBAN TIDAK LANCAR
Kewajiban pajak tangguhan - bersih
Kewajiban imbalan kerja
Laba ditangguhkan atas penjualan
dan penyewaan kembali - bersih
Kewajiban jangka panjang - setelah
dikurangi bagian jatuh tempo
dalam waktu satu tahun
Hutang usaha
Pinjaman bank
CURRENT LIABILITIES
Short- term bank loan
Trade payables
Third parties
Related parties
Other payables
Unearned revenue
Customers’ deposits
Accrued expenses
Taxes payable
NON-CURRENT LIABILITIES
Deferred tax liabilities - net
Employee benefits obligation
Deferred gain on sale
and leaseback - net
15
19,34
1.067.030.355.425
70.951.860.463
1.563.421.715.388
189.452.485.758
1.365.755.000.000
2h,2i,20
2n,21
2.339.278.887.117
646.147.255.946
644.702.476.923
643.257.697.900
Long-term loans - net of
current maturities
Trade payables
Bank loans
Obligation under financing
leases
Bonds payable
Jumlah Kewajiban Tidak Lancar
4.337.372.315.331
2.416.075.094.005
2.288.434.186.643
Total Non-Current Liabilities
Jumlah Kewajiban
6.399.344.186.851
3.463.920.842.893
2.788.955.195.284
Total Liabilities
Hutang sewa pembiayaan
Hutang obligasi
Catatan atas laporan keuangan terlampir merupakan bagian yang
tidak terpisahkan dari laporan keuangan secara keseluruhan.
The accompanying notes to the financial statements are an integral
part of these financial statements.
2
PT BAKRIE TELECOM Tbk
NERACA
31 DESEMBER 2009
(Dengan Angka Perbandingan 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
Catatan /
Notes
2009
PT BAKRIE TELECOM Tbk
BALANCE SHEET
DECEMBER 31, 2009
(With Comparative Figures as of December 31,
2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
2008
2007
EKUITAS
Modal saham
Nilai nominal
EQUITY
Capital stock
Par value
Common shares
series A Rp200
Common shares
series B Rp100
Authorized shares
Common shares series A
10,000,000,000 shares
Common shares series B
32,111,652,195 shares
Saham biasa seri A Rp200
Saham biasa seri B Rp100
Modal dasar
Saham biasa seri A
10.000.000.000 saham
Saham biasa seri B
32.111.652.195 saham
Modal ditempatkan dan
disetor penuh
Saham biasa seri A
5.751.502.450 saham
Saham biasa seri B
22.730.915.129 saham
pada tahun 2009 dan 2008
13.202.174.417 saham
pada tahun 2007
Tambahan modal disetor
Saham beredar yang diperoleh
kembali
Agio saham beredar yang diperoleh
kembali
Laba investasi jangka pendek
yang belum terealisasi
Cadangan lindung nilai
Defisit
Ekuitas - Bersih
JUMLAH KEWAJIBAN
DAN EKUITAS
22
23
3.423.392.002.900
2.141.166.570.210
3.423.392.002.900
2.141.166.570.210
Issued and fully paid shares
Common shares series A
5,751,502,450 shares
Common shares series B
22,730,915,129 shares
in 2009 and 2008,
13,202,174,417 shares
2.470.517.931.700
in 2007
33.870.502.548
Additional paid-in capital
2p,24
(11.000.000.000 )
(68.942.550.000 )
-
Treasury stock
2p,24
50.623.174.275
20.943.398.108
-
2c,4
2o,12
2.514.674.254
41.849.654.706
(611.615.214.441 )
5.950.137.230
269.599.531.383
(710.057.326.632 )
Premium on treasury stock
Unrealized gain on
short-term investments
Hedging reserve
Deficit
612.896.738
217.077.222.113
(846.869.953.697 )
5.036.930.861.904
5.082.051.763.199
1.875.208.599.402
Equity - Net
11.436.275.048.755
8.545.972.606.092
4.664.163.794.686
TOTAL LIABILITIES
AND EQUITY
Catatan atas laporan keuangan terlampir merupakan bagian yang
tidak terpisahkan dari laporan keuangan secara keseluruhan.
The accompanying notes to the financial statements are an integral
part of these financial statements.
3
PT BAKRIE TELECOM Tbk
LAPORAN LABA RUGI
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
Catatan /
Notes
PENDAPATAN USAHA
Pendapatan usaha - kotor
Jasa telekomunikasi
Jasa interkoneksi
PT BAKRIE TELECOM Tbk
STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
2009
2008
2007
2d,2e,2q,25,32
OPERATING REVENUES
Operating revenue - gross
Telecomunication service
Interconnection service
3.117.869.172.435
317.686.351.629
2.503.861.351.672
301.447.743.551
1.503.389.726.938
168.642.356.823
Jumlah pendapatan usaha
Beban interkoneksi
Potongan harga
3.435.555.524.064
(241.114.171.289 )
(451.863.954.523 )
2.805.309.095.223
(284.354.144.186 )
(318.662.914.791 )
1.672.032.083.761
(244.690.894.770 )
(137.452.336.168 )
Total operating revenue
Interconnection expenses
Discount
Pendapatan Usaha - Bersih
2.742.577.398.252
2.202.292.036.246
1.289.888.852.823
Operating Revenue - Net
979.223.308.028
506.131.042.222
224.929.155.256
290.964.770.046
451.466.447.807
1.444.779.023
432.360.984.762
536.557.325.851
178.021.100.890
241.030.386.481
423.926.465.794
11.763.024.057
216.240.109.607
267.908.591.748
112.585.995.762
153.807.586.045
210.233.173.471
10.824.415.219
OPERATING EXPENSES
Depreciation
Operating and maintenance
General and administrative
Personnel
Sales and marketing
Other operating
2.454.159.502.382
1.823.659.287.835
971.599.871.852
Operating Expenses
288.417.895.870
378.632.748.411
318.288.980.971
OPERATING INCOME
8.010.910.090
OTHER INCOME
(CHARGES)
Gain (loss) on foreign
exchange - net
BEBAN USAHA
Penyusutan
Operasi dan pemeliharaan
Umum dan administrasi
Karyawan
Penjualan dan pemasaran
Usaha lainnya
2e,2q,32
2h,10
26
27
28
29
Beban Usaha
LABA USAHA
PENGHASILAN (BEBAN)
LAIN-LAIN
Laba (rugi) selisih kurs - bersih
Amortisasi laba ditangguhkan atas
penjualan dan penyewaan
kembali
Beban keuangan - bersih
Penyisihan piutang ragu-ragu
Lain-lain - bersih
2s,30b
97.894.615.112
(44.487.670.117 )
2i
30a
2d,5
5.616.152.243
(220.448.539.580 )
(10.604.128.332 )
(15.161.570.396 )
(131.760.182.179 )
(12.490.675.694 )
(11.837.968.749 )
Amortization of deferred gain on
sale and leaseback
(89.858.989.534 )
Financing charges - net
(17.384.783.050 ) Provision for doubtful accounts
636.481.822
Others - net
(142.703.470.953 )
(200.576.496.739 )
(98.596.380.672 )
145.714.424.917
178.056.251.672
219.692.600.299
INCOME BEFORE
TAX EXPENSE
47.272.312.726
41.243.624.607
75.423.611.426
TAX EXPENSE
Deferred
98.442.112.191
136.812.627.065
144.268.988.873
NET INCOME
3,456
5,190
7,652
BASIC EARNINGS
PER SHARE
-
5,188
7,423
DILUTED EARNINGS
PER SHARE
Beban Lain-lain - Bersih
LABA SEBELUM BEBAN
PAJAK
BEBAN PAJAK
Tangguhan
2t,31e
LABA BERSIH
LABA BERSIH PER SAHAM
DASAR
2u,35
LABA BERSIH PER SAHAM
DASAR DILUSIAN
2u,35
Catatan atas laporan keuangan terlampir merupakan bagian yang
tidak terpisahkan dari laporan keuangan secara keseluruhan.
Other Charges - Net
The accompanying notes to the financial statements are an integral
part of these financial statements.
4
PT BAKRIE TELECOM Tbk
LAPORAN PERUBAHAN EKUITAS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL 31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang Berakhir pada
Tanggal-tanggal 31 Desember 2008 dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
Catatan/
Notes
Saldo 1 Januari 2007
Laba Investasi
Jangka Pendek
yang Belum
Terealisasi/
Unrealized Gain
on Short-term
Investments
Agio Saham
Beredar
yang Diperoleh
Kembali /
Premium on
Treasury Stock
Saham
Beredar
yang Diperoleh
Kembali /
Treasury Stock
Tambahan
Modal Disetor/
Additional
Paid-in Capital
Modal Saham/
Capital Stock
PT BAKRIE TELECOM Tbk
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
Cadangan
Lindung Nilai/
Hedging Reserve
Defisit/
Deficit
Ekuitas - Bersih/
Equity – Net
2.456.762.114.500
29.055.966.528
Penerimaan dari penerbitan waran
22,23
13.755.817.200
4.814.536.020
-
-
Rugi investasi jangka pendek yang
belum terealisasi
2c,4
-
-
-
-
2o,12
-
-
-
-
-
217.077.222.113
-
217.077.222.113
Hedging reserve
-
-
-
-
-
-
144.268.988.873
144.268.988.873
Net income in 2007
2.470.517.931.700
33.870.502.548
-
-
612.896.738
217.077.222.113
1.875.208.599.402
Balance as of December 31, 2007
2.938.389.007.682
Proceeds from stock issuance
Cadangan lindung nilai
Laba bersih tahun 2007
Saldo 31 Desember 2007
743.210.928
-
-
-
-
-
-
(130.314.190 )
(991.138.942.570 )
(846.869.953.697 )
1.495.422.349.386
Balance as of January 1, 2007
18.570.353.220 Proceeds from exercise of warrants
(130.314.190 )
Unrealized loss on short-term
investments
Penerimaan dari setoran modal saham
22,23
862.648.683.600
2.075.740.324.082
-
-
-
-
-
Penerimaan dari penerbitan waran
22,23
90.225.387.600
31.555.743.580
-
-
-
-
-
121.781.131.180 Proceeds from exercise of warrants
-
-
-
-
(68.942.550.000 )
20.943.398.108
-
-
-
20.943.398.108
Premium on treasury shares
Saham beredar yang diperoleh kembali
24
-
-
Agio saham beredar yang
diperoleh kembali
24
-
-
Laba investasi jangka pendek yang
belum terealisasi
Cadangan lindung nilai
(68.942.550.000 )
-
Treasury stock
2c,4
-
-
-
-
5.337.240.492
-
-
5.337.240.492
Unrealized gain on short-term
investments
2o,12
-
-
-
-
-
52.522.309.270
-
52.522.309.270
Hedging reserve
-
-
-
-
-
-
136.812.627.065
136.812.627.065
Net income in 2008
Laba bersih tahun 2008
Saldo 31 Desember 2008
3.423.392.002.900
2.141.166.570.210
20.943.398.108
5.950.137.230
269.599.531.383
5.082.051.763.199
Balance as of December 31, 2008
Saham beredar yang diperoleh kembali
24
-
-
57.942.550.000
-
-
-
-
57.942.550.000
Treasury stock
Agio saham beredar yang
diperoleh kembali
24
-
-
-
29.679.776.167
-
-
-
29.679.776.167
Rugi investasi jangka pendek yang
belum terealisasi
Cadangan lindung nilai
Laba bersih tahun 2009
Saldo 31 Desember 2009
(68.942.550.000 )
2c,4
-
-
-
-
2o,12
-
-
-
-
-
-
-
-
-
-
-
3.423.392.002.900
2.141.166.570.210
50.623.174.275
2.514.674.254
41.849.654.706
(11.000.000.000 )
Catatan atas laporan keuangan terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan
secara keseluruhan.
(3.435.462.976 )
(227.749.876.677 )
(710.057.326.632 )
-
(3.435.462.976 )
-
(227.749.876.677 )
98.442.112.191
(611.615.214.441 )
98.442.112.191
Premium on treasury shares
Unrealized loss on short-term
investments
Hedging reserve
Net income in 2009
5.036.930.861.904 Balance as of December 31, 2009
The accompanying notes to the financial statements are an integral part of these financial statements.
5
PT BAKRIE TELECOM Tbk
LAPORAN ARUS KAS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
2009
ARUS KAS DARI AKTIVITAS
OPERASI
Penerimaan kas dari pelanggan
Pembayaran kas kepada pemasok
Pembayaran kas kepada karyawan
Kas yang dihasilkan dari operasi
Penerimaan bunga
Penerimaan restitusi pajak
Pembayaran bunga
Pembayaran pajak
Pembayaran untuk aktivitas
operasi lainnya
Kas Bersih Diperoleh dari
Kegiatan Operasi
ARUS KAS DARI AKTIVITAS
INVESTASI
Penurunan (kenaikan) bersih investasi
jangka pendek
Penerimaan dari penjualan aset tetap
Penurunan (kenaikan) uang muka
pembelian aset tetap
Pembelian aset tetap
Kas Bersih Digunakan untuk
Aktivitas Investasi
ARUS KAS DARI AKTIVITAS
PENDANAAN
Penerimaan dari pinjaman bank
jangka pendek
Penerbitan kembali saham beredar
yang diperoleh kembali
Penerimaan dari pinjaman bank
jangka panjang
Pembayaran atas hutang sewa
pembiayaan
Pembayaran pinjaman bank
jangka panjang
Penerimaan dari setoran modal saham
Penerimaan dari penerbitan waran
Saham beredar yang diperoleh kembali
Penerimaan dari hutang obligasi
Pembayaran biaya penerbitan obligasi
Kas Bersih Diperoleh dari (Digunakan
untuk) Aktivitas Pendanaan
2008
2007
2.628.468.952.536
2.507.444.107.162
(936.783.355.602 ) (1.265.506.569.691 )
(250.802.462.775 )
(210.839.178.871 )
1.520.955.125.886
(669.904.662.352 )
(128.075.551.793 )
1.440.883.134.159
101.325.971.329
4.114.935.328
(335.585.800.375 )
(39.391.550.480 )
1.031.098.358.600
89.740.731.111
7.022.349.321
(216.709.985.460 )
(33.142.965.852 )
722.974.911.741
16.381.338.058
4.046.887.654
(45.164.610.614 )
(23.905.553.678 )
(28.289.213.080 )
(277.952.137.802 )
(169.856.239.306 )
600.056.349.918
504.476.733.855
1.143.057.476.881
521.789.067.444
390.000.000.000
(977.658.790.870 )
-
136.852.224.327
(215.943.985.113 )
(1.579.914.155.606 ) (2.214.560.873.256 )
(531.272.863.835 ) (3.408.163.649.239 )
CASH FLOW FROM
OPERATING ACTIVITIES
Cash receipts from customers
Payments to suppliers
Payments to employees
Cash receipts from operating activities
Receipt of interest
Receipt of tax restitution
Payment of interest
Payment of taxes
Payments of other operating
activities
Net Cash Flows Provided by
Operating Activities
CASH FLOW FROM
INVESTING ACTIVITIES
Net decrease (increase) in short-term
(45.516.346.093 )
investments
- Cash received from sale of fixed assets
Decrease (increase) in advances for
(522.982.351.714 )
purchase of fixed assets
(1.401.515.156.257 )
Acquisitions of fixed assets
(1.970.013.854.064 )
Net Cash Flows Used in
Investing Activities
CASH FLOW FROM
FINANCING ACTIVITIES
235.000.000.000
-
-
Receipt from short-term bank loan
87.622.326.167
-
-
Reissuance of treasury stock
697.814.221
1.913.175.873
1.333.610.459.697
Receipts from long-term bank loans
-
-
Payment of finance lease
(662.773.459.227 )
(58.298.310.399 )
-
2.938.389.007.682
121.781.131.180
(47.999.151.892 )
-
(397.751.629.238 )
3.014.084.162.843
Catatan atas laporan keuangan terlampir merupakan bagian yang
tidak terpisahkan dari laporan keuangan secara keseluruhan.
(473.181.001.665 )
18.570.353.220
650.000.000.000
(7.223.895.107 )
1.521.775.916.145
Payment of long-term bank loans
Proceeds from stock issuance
Proceeds from exercise of warrants
Payment for treasury stock
Proceeds from bonds issuance
Payment for bonds issuance cost
Net Cash Flow Provided by
(Used in) Financing Activities
The accompanying notes to financial statements are an integral part
of the financial statements.
6
PT BAKRIE TELECOM Tbk
LAPORAN ARUS KAS
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
2009
PT BAKRIE TELECOM Tbk
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
2008
2007
KENAIKAN BERSIH
KAS DAN SETARA KAS
214.032.983.808
205.976.863.522
56.238.795.936
NET INCREASE OF CASH AND
CASH EQUIVALENTS
KAS DAN SETARA KAS
AWAL TAHUN
501.639.725.742
295.662.862.220
239.424.066.284
CASH AND CASH EQUIVALENTS
AT BEGINNING OF YEAR
KAS DAN SETARA KAS
AKHIR TAHUN
715.672.709.550
501.639.725.742
295.662.862.220
CASH AND CASH EQUIVALENTS
AT END OF YEAR
Informasi Tambahan untuk
Aktivitas Arus Kas:
Aktivitas yang tidak mempengaruhi
arus kas:
Penambahan aset tetap melalui
hutang sewa pembiayaan
3.151.339.703.374
Reklasifikasi aktiva dalam penyelesaian
menjadi aset tetap
2.494.567.588.820
Reklasifikasi uang muka
pembelian aset tetap ke
aset tetap
41.226.988.126
Additional Information of
Cash Flow Activities:
Activities not Affecting Cash Flows:
-
-
1.922.470.011.428
1.159.004.817.159
11.590.422.867
514.152.133.525
Catatan atas laporan keuangan terlampir merupakan bagian yang
tidak terpisahkan dari laporan keuangan secara keseluruhan.
Additions in fixed assets under
finance lease obligation
Reclassification of constructionin-progress to fixed assets
Reclassification of advance for
purchase fixed assets to
fixed assets
The accompanying notes to financial statements are an integral part
of the financial statements.
7
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
1.
1.
UMUM
a. Pendirian Perusahaan
GENERAL
a. The Company’s Establishment
PT Bakrie Telecom Tbk (dahulu PT Radio
Telepon Indonesia) (“Perusahaan”) didirikan
di
Republik
Indonesia
pada
tanggal
13 Agustus 1993 berdasarkan Akta No. 94
dibuat dihadapan Muhani Salim, S.H., Notaris
di Jakarta, sebagaimana diperbaiki dengan
Akta Pembetulan No. 13 tanggal 5 November
1993 dan diubah dengan Akta No. 129
tanggal 27 November 1993, keduanya dibuat
dihadapan Abdurachman Kadir, S.H., Notaris
pengganti dari Muhani Salim, S.H., Notaris di
Jakarta
dalam
rangka
Undang-undang
Penanaman Modal Dalam Negeri No. 6 tahun
1968, yang kemudian diperbaharui dengan
Undang-undang No. 12 tahun 1970.
PT Bakrie Telecom Tbk (previously PT Radio
Telepon Indonesia) (the “Company”) was
established in the Republic of Indonesia
on August 13, 1993 based on Notarial
Deed No. 94, of Notary of Muhani Salim, S.H.
in Jakarta as amended by Amendment
Deed No. 13 dated November 5, 1993
and amended by Deed No. 129 dated
November 27, 1993, both by Notary
Abdurachman Kadir, S.H., substitute of
Notary Muhani Salim, S.H., in Jakarta within
the framework of the Domestic Investment
Law No. 6 Year 1968, as amended by Law
No. 12 Year 1970.
Status Perusahan mengalami perubahan
menjadi perusahaan terbuka sebagaimana
tertuang dalam resolusi para pemegang
saham yang berkekuatan sama dengan
Rapat Umum Pemegang Saham yang
dituangkan dalam Akta No. 6 tanggal
3 Februari 2006 yang dibuat oleh Agus
Madjid, S.H., Notaris di Jakarta. Dimana
perubahan
tersebut
telah
disampaikan
kepada Menteri Hukum dan Hak Asasi
Manusia Republik Indonesia dan telah
diterima dan dicatat oleh Direktur Jenderal
Administrasi Hukum Umum sebagaimana
tertuang dalam surat No. C-03880 HT.01.04.
TH.2006, tanggal 13 Februari 2006.
The Company’s status has been changed into
a public company through the resolutions of
the Company’s shareholders as notarized by
Deed No. 6 of Agus Madjid, S.H., Notary in
Jakarta dated February 3, 2006. This change
was reported to the Minister of Law and
Human Rights of the Republic of Indonesia
and was accepted and recorded by the
Directorate General of General Law
Administration through letter No. C-03880
HT.01.04.TH.2006 dated February 13, 2006.
Anggaran Dasar Perusahaan telah mengalami
beberapa kali perubahan dan terakhir seluruh
anggaran dasarnya telah disusun kembali
untuk disesuaikan dengan Undang-undang
Republik Indonesia No. 40 tahun 2007
tentang Perseroan Terbatas dan Keputusan
Ketua Badan Pengawas Pasar Modal
dan Lembaga Keuangan (Bapepam-LK)
No. Kep-179/BL/2008 tanggal 14 Mei 2008.
Peraturan No. IX. J.1 sebagaimana dituangkan
dalam Akta No. 30 tanggal 11 Agustus 2008
dibuat dihadapan Agus Madjid, S.H., Notaris
di Jakarta. Perubahan Anggaran Dasar
tersebut
telah
disetujui
oleh
Menteri
Hukum dan Hak Asasi Manusia Republik
Indonesia berdasarkan Surat Keputusan
No. AHU-71025.AH.01.02 tahun 2008. Sampai
dengan
tanggal
penyelesaian
laporan
keuangan, pengumuman dalam Lembar Berita
Negara mengenai perubahan Anggaran Dasar
Perusahaan masih dalam proses.
The Company’s Articles of Association have
been amended several times, the most recent
being based in accordance with the law of the
Republic of Indonesia Number 40 of 2007
concerning Limited Liability Companies and
Regulation of Capital Market and Financial
Institution Supervisory Agency (Bapepam-LK)
No. Kep-179/BL/2008 dated May 14, 2008.
Regulation No. IX.J.1 through Notarial
Deed No. 30 dated August 11, 2008 of
Agus Madjid, S.H., Notary in Jakarta.
The Company’s amended Articles of
Association have been approved by the
Minister of Law and Human Rights of
Republic of Indonesia based on decision
letter No. AHU-71025.AH.01.02 of 2008. As
of the completion date of the financial
statements, publishing in State Gazette
related with the amended Company’s Articles
of Association is still in process.
8
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
1.
1.
UMUM (Lanjutan)
GENERAL (Continued)
Ruang lingkup kegiatan Perusahaan meliputi
penyediaan jaringan dan penyelenggaraan
jasa telekomunikasi dengan daerah operasi
mencakup Jakarta, beberapa wilayah di Jawa
Barat, Banten, Jawa Tengah, Jawa Timur,
Bali, Sumatera, Sulawesi dan Kalimantan.
Perusahaan berdomisili di Jakarta dengan
kantor pusat berlokasi di Wisma Bakrie,
Lantai 2, Jl. H.R. Rasuna Said Kav. B-1,
Jakarta Selatan dan memulai beroperasi
secara komersial pada tanggal 1 November
1995.
The scope of activities of the Company
comprises of providing fixed digital radio
cellular telecommunication network and
services. The Company’s operational areas
are located in Jakarta, some regions in West
Java, Banten, Central Java, East Java, Bali,
Sumatera, Sulawesi and Kalimantan. The
Company is domiciled in Jakarta with its head
nd
office located at Wisma Bakrie, 2 Floor,
Jl. H.R. Rasuna Said Kav. B-1, Jakarta
Selatan. The Company started its commercial
operations on November 1, 1995.
Berdasarkan
keputusan
Rapat
Umum
Pemegang Saham Luar Biasa pada tanggal
11 Agustus 2008, ruang lingkup kegiatan
Perusahaan
telah
diperluas
yang
meliputi; merencanakan, membangun dan
menyewakan sarana/fasilitas telekomunikasi,
melaksanakan kegiatan pemasaran dan
penjualan
jaringan
dan/atau
jasa
telekomunikasi, melakukan pemeliharaan,
penelitian dan pengembangan sarana/fasilitas
telekomunikasi,
serta
memperdagangkan
perangkat/produk telekomunikasi.
Based on the Extraordinary General
Shareholders Meeting held on August 11,
2008, the scope of activities of the Company
was modified to comprise as follows; plan,
develop and lease of telecommunication
equipment/facilities,
perform
marketing
and sales activities of telecommunication
network
and/or
services,
perform
research
and
development
of
telecommunication equipment/facilities, and
also sell telecommunication product/utilities.
Pada tanggal 15 Juni 2007, Perusahaan
memperoleh izin operasional untuk Jaringan
Tetap Lokal Tidak Bergerak dengan mobilitas
terbatas
berdasarkan
Surat
Keputusan
Menteri Komunikasi dan Informatika Republik
Indonesia No. 298/KEP/M.KOMINFO/6/2007.
Izin tersebut diberikan untuk (i) Jaringan Tetap
Lokal Tidak Bergerak dengan mobilitas
terbatas dengan frekuensi Band 800 Mhz
dengan nomor saluran 37, 78 dan 119 (ii) Jasa
Teleponi Dasar dengan jangkauan nasional.
Izin regional No. KP.282 tahun 2004 tidak
berlaku lagi sejak penerbitan izin nasional ini.
On June 15, 2007, the Company was
granted
an
Operational
License
for
Local Fixed Wireless Network with Limited
Mobility based on the Decision Letter
of
the
Minister
of
Communication
and Information of the Republic of
Indonesia No. 298/KEP/M.KOMINFO/6/2007.
The license was given for (i) Local Fixed
Wireless Network with limited mobility
frequency bandwith of 800 Mhz with canal
number 37, 78 and 119 (ii) Basic Telephone
Service with nationwide coverage. The
regional license No. KP.282 year 2004 is no
longer valid upon the issuance of this
nationwide license.
Pada tanggal 23 Januari 2009, Perusahaan
memperoleh
izin
prinsip
untuk
penyelenggaraan jaringan tetap sambungan
langsung jarak jauh (SLJJ), berdasarkan Surat
Keputusan dari Menteri Komunikasi dan
Informatika Republik Indonesia No. 31/KEP/
M.KOMINFO/01/2009 yang telah disetujui oleh
pemerintah tanggal 16 Desember 2008 sesuai
dengan Keputusan Menteri Komunikasi
dan Informatika No. 379/KEP/M.KOMINFO/12/
2008 tentang penetapan pemenang seleksi
penyelenggaraan jaringan tetap sambungan
langsung jarak jauh.
On January 23, 2009, the Company received
a principal license for fixed direct line direct
long-distance connection, based on Decision
Letter of the Minister of Communication and
Information of the Republic of Indonesia
No. 31/KEP/M.KOMINFO/01/2009; this was
also approved on December 16, 2008
based on Minister Decree No. 379/KEP/
M.KOMINFO/12/2008, which indicates the
selected service providers for fixed direct line
long-distance connection.
9
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
1.
1.
UMUM (Lanjutan)
Pada tanggal 12 Februari 2009, Perusahaan
memperoleh izin untuk menyelenggaraan
Jaringan Tetap Sambungan Internasional
(SLI) dan jasa teleponi dasar, berdasarkan
Surat Keputusan dari Menteri Komunikasi
dan
Informatika
Republik
Indonesia
No. 59/KEP/M.KOMINFO/02/2009 tentang izin
penyelenggaraan Jaringan Tetap Sambungan
Internasional PT Bakrie Telecom Tbk. Izin
penyelenggaraan SLI akan dievaluasi setiap
tahun dan dievaluasi secara menyeluruh
setiap 5 (lima) tahun.
b. Penawaran Umum Saham Perdana
GENERAL (Continued)
On February 12, 2009, the Company received
a license for International Fixed-Line Direct
Connection (SLI) and basic telephone
service, based on Decision Letter of the
Minister of Communication and Information
of the Republic of Indonesia No. 59/KEP/
M.KOMINFO/02/2009 about license for
International Fixed-Line Direct Connection
PT Bakrie Telecom Tbk. The SLI lisence will
be evaluated annually and will be fully
evaluated every five (5) years.
b. Initial Public Offering
Pada tanggal 3 Februari 2006, Perusahaan
mencatat sahamnya pada Bursa Efek
Indonesia (dahulu Bursa Efek Jakarta) melalui
Penawaran Umum Perdana Saham Seri B
Atas Nama Tahun 2005 sebanyak lima miliar
lima ratus juta (5.500.000.000) saham dengan
nilai nominal seratus rupiah (Rp100).
On February 3, 2006, the Company listed its
shares on the Indonesian Stock Exchange
(previously Jakarta Stock Exchange) through
Initial Public Offering (IPO) of five billion five
hundred million (5,500,000,000) registered
shares Series B with nominal value of one
hundred Rupiah (Rp100) per share.
Dalam rangka penawaran umum perdana ini,
Perusahaan
secara
bersamaan
juga
menerbitkan sebanyak satu milyar seratus juta
(1.100.000.000) lembar waran seri I diberikan
secara cuma-cuma yang menyertai seluruh
saham Seri B atas nama. Waran seri I
memberikan hak kepada pemegangnya untuk
melakukan pembelian saham Seri B atas
nama dengan harga pelaksanaan sebesar
seratus tiga puluh lima rupiah (Rp135) setiap
saham yang dapat dilakukan selama masa
berlakunya pelaksanaan yaitu mulai tanggal
3 Agustus 2006 sampai dengan tanggal
2 Februari 2009.
For the purposes of this public offering, the
Company also simultaneously issued one
billion one hundred million (1,100,000,000)
series I warrants which are issued at no cost
(noted warrants) accompanying the registered
Series B shares. Seri I warrants give a right to
its holder to purchase Series B shares at an
exercise price of one hundred and thirty-five
Rupiah (Rp135) per share, which may be
exercised within the period of August 3, 2006
to February 2, 2009.
Penawaran Umum Saham Perdana tersebut
disetujui oleh Rapat Umum Pemegang Saham
Luar Biasa pada tanggal 23 September 2005
dan dituangkan dalam Akta Notaris No. 39
oleh Agus Madjid, S.H.
The IPO was approved by the Extraordinary
Shareholders’ General Meeting held on
September 23, 2005 and notarized by Deed
No. 39 of Agus Madjid, S.H.
10
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
1.
1.
UMUM (Lanjutan)
c. Penawaran Umum Terbatas (PUT)
GENERAL (Continued)
c. Right Issues
Pada tanggal 14 Februari 2008, Perusahaan
memperoleh surat pernyataan efektif dari
Ketua Badan Pengawas Pasar Modal dan
Lembaga Keuangan (Bapepam-LK) melalui
surat No. S-944/BL/2008 tanggal 14 Februari
2008 atas Penawaran Umum Terbatas
sebanyak-banyaknya delapan miliar enam
ratus tiga puluh delapan juta tujuh puluh
sembilan ribu tiga ratus lima puluh dua
(8.638.079.352) Saham Seri B dengan nilai
nominal sebesar seratus rupiah (Rp100) setiap
saham yang ditawarkan dengan harga
penawaran sebesar tiga ratus lima puluh
rupiah (Rp350). PUT tersebut telah disetujui
oleh Rapat Umum Pemegang Saham Luar
Biasa pada tanggal 15 Februari 2008 dengan
Akta Notaris No. 38 oleh Agus Madjid, S.H.
dan pada tanggal 29 Februari 2008, PUT
tersebut telah dicatatkan pada Bursa Efek
Indonesia.
d. Dewan Komisaris, Direksi dan Karyawan
The Company obtained the effectivity notice
of its Rights Issue maximum of eight billion
six hundred and thirty-eight million seventynine thousand three hundred and fifty-two
(8,638,079,352) Shares Series B with
nominal value one hundred rupiah (Rp100)
per share, which were offered at three
hundred and fifty rupiah (Rp350) per share,
from the Chairman of the Capital Market and
Financial Institution Supervisory Agency
(Bapepam-LK) in his letter No. S-944/BL/2008
dated February 14, 2008. The Right Issue
was
approved
by
the
Extraordinary
Shareholders’ General Meeting held on
February 15, 2008 and notarized by Deed
No. 38 of Agus Madjid, S.H. and was listed
on the Indonesian Stock Exchange on
February 29, 2008.
d. Employees, Boards of Commissioners and
Directors
Susunan Dewan Komisaris dan Direksi
Perusahaan pada tanggal 31 Desember 2009,
2008 dan 2007 adalah sebagai berikut:
The composition of the Company’s Boards
of Commissioners and Directors as of
December 31, 2009, 2008 and 2007 was as
follows:
Board of Commissioners
President Commissioner
Independent Commissioner
Independent Commissioner
Commissioner
Commissioner
Dewan Komisaris
Komisaris Utama
Komisaris Independen
Komisaris Independen
Komisaris
Komisaris
Gafur Sulistyo Umar
Ai Mulyadi Mamoer
Raj Mitta
Nalinkant A Rathod
Ambono Janurianto
Dewan Direksi
Direktur Utama
Deputi Direktur Utama
Deputi Direktur Utama
Direktur
Direktur
Direktur
Anindya Novyan Bakrie
Frederik Johanes Meijer
Muhammad Buldansyah
Juliandus A Lumban Tobing
Rakhmat Junaidi
Jastiro Abi
Susunan anggota Komite Audit dan Sekretaris
Perusahaan pada tanggal 31 Desember 2009,
2008 dan 2007 adalah sebagai berikut:
Komite Audit
Ketua
Anggota
Anggota
Sekretaris Perusahaan
Board of Directors
President Director
Deputy President Director
Deputy President Director
Director
Director
Director
The composition of the Company’s Audit
Committee and the sole Corporate Secretary
as of December 31, 2009, 2008 and 2007
was as follows:
2009
2008 dan/ and 2007
Ai Mulyadi Mamoer
Yansen Pasaribu
Leo J. Susilo
Harry Prabowo
Ai Mulyadi Mamoer
Yansen Pasaribu
Bachril Bachtarudin
Harry Prabowo
Audit Committee
Chairman
Members
Members
Corporate Secretary
11
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
1.
1.
UMUM (Lanjutan)
Remunerasi Dewan Komisaris dan Direksi
Perusahaan untuk tahun yang berakhir
pada tanggal 31 Desember 2009, 2008 dan
2007
masing-masing
adalah
sebesar
Rp16.816.270.886, Rp15.824.341.131 dan
Rp13.097.484.842.
The remuneration of the Company’s Board
of Commissioners and Directors for
the years ended December 31, 2009, 2008
and
2007
was
Rp16,816,270,886,
Rp15,824,341,131 and Rp13,097,484,842,
respectively.
Pada tanggal 31 Desember 2009, 2008 dan
2007 jumlah karyawan tetap Perusahaan
masing-masing adalah 1.753, 1.665 dan 1.485
karyawan.
As of December 31, 2009, 2008 and 2007,
the Company had 1,753, 1,665 and 1,485
employees, respectively.
e. Pembelian kembali (buy-back) Saham
Perusahaan
2.
GENERAL (Continued)
e. Buy-Back of Company’s Shares of Stock
Berdasarkan Keputusan Di Luar Rapat
Direksi Perusahaan tanggal 15 Oktober 2008,
Direksi menyetujui pembelian kembali saham
yang beredar Perusahaan sampai jumlah
maksimum sebanyak Rp1.100.000.000.000
atau 20% dari modal disetor Perusahaan.
Pembelian
kembali
saham
tahap
pertama akan dilakukan sebesar-besarnya
Rp100.000.000.000 (seratus milyar rupiah)
dan pembelian kembali saham tahap kedua
akan dilakukan sesuai dengan keperluan dan
kondisi Perusahaan.
Based on the decision of the Board of
Directors’ Meeting on October 15, 2008, the
Board of Directors approved the buy-back of
the Company’s shares up to a maximum of
Rp1,100,000,000,000 or 20% of the paid-up
capital of the Company. The buy-back
of shares of stock in first phase up to
Rp100,000,000,000 (one hundred billion
rupiah) and second phase will be done
according to the availability needs and
condition of the Company.
Pembelian kembali dilaksanakan dalam
periode Oktober dan November tahun 2008,
dimana sebanyak 689.425.500 lembar saham
telah dibeli kembali, dan pada tahun 2009,
579.425.500 lembar saham telah terjual
(Catatan 24).
The buy-back was undertaken during the
period of October and November 2008,
during which time 689,425,500 shares were
bought back, and in 2009, 579,425,500
shares were reissued (Note 24).
IKHTISAR KEBIJAKAN AKUNTANSI PENTING
Laporan keuangan telah disajikan sesuai
dengan prinsip akuntansi yang berlaku umum di
Indonesia, yaitu Pernyataan Standar Akuntansi
Keuangan (PSAK), yang dikeluarkan oleh Ikatan
Akuntan Indonesia (IAI) dan Pedoman Penyajian
dan Pengungkapan Laporan Keuangan yang
ditetapkan oleh Badan Pengawas Pasar Modal
dan
Lembaga
Keuangan
(Bapepam-LK).
Kebijakan akuntansi signifikan yang telah
diterapkan secara konsisten adalah:
2.
SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES
The financial statements have been prepared
in accordance with the Generally Accepted
Accounting Principles in Indonesia (“Indonesian
GAAP”), which are covered by the Statements of
Financial Accounting Standards (PSAK) issued
by the Indonesian Institute of Accountants (IAI)
and Guidelines for Presentation and Disclosure
of Financial Statements set out by the Capital
Market and Financial Institution Supervisory
Agency
(“Bapepam-LK”).
The
significant
accounting policies applied consistently are as
follows:
12
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
2.
2.
IKHTISAR KEBIJAKAN AKUNTANSI PENTING
(Lanjutan)
a. Dasar Penyajian Laporan Keuangan
SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES (Continued)
a. Basis of Preparation of the Financial
Statements
Laporan keuangan disusun berdasarkan
konsep nilai historis kecuali untuk akun-akun
tertentu yang dicatat berdasarkan basis lain
seperti yang diungkapkan pada kebijakan
akuntansi di masing-masing akun tersebut.
The financial statements have been prepared
on a historical cost basis except for certain
accounts that are measured on the basis
described in the related accounting policies.
Laporan arus kas disajikan dengan metode
langsung dan dikelompokkan ke dalam
aktivitas operasi, investasi dan pendanaan.
The statements of cash flows are prepared
using the direct method, cash flows being
classified into operating, investing and
financing activities.
Mata uang pelaporan yang digunakan dalam
penyusunan laporan keuangan adalah Rupiah
(“Rp”).
The reporting currency used in the
preparation of the financial statements is
Indonesian Rupiah (“Rp”).
b. Kas dan Setara Kas
b. Cash and Cash Equivalents
Kas dan setara kas terdiri dari saldo kas dan
bank, serta deposito berjangka yang jatuh
tempo dalam waktu tiga bulan atau kurang dan
tidak digunakan sebagai jaminan atau dibatasi
penggunaannya.
Cash and cash equivalents consist of cash on
hand and in banks, and time deposits with
maturities within three months or less and not
pledged as collateral or restricted in use.
Rekening bank dan deposito berjangka yang
dibatasi penggunaannya disajikan sebagai
aset tidak lancar.
Cash in banks and time deposits that are
restricted in use are presented under noncurrent assets.
c. Investasi Jangka Pendek
Efek diklasifikasikan atas
investasi sebagai berikut:
c. Short-term Investment
dasar
tujuan
Investments in securities are classified based
on the purpose or intention of maintaining
such investments as follows:
1) Dimiliki hingga jatuh tempo
Efek dalam kategori ini dinyatakan
berdasarkan
biaya
perolehan
yang
disesuaikan dengan jumlah amortisasi
premi atau diskonto sampai tanggal jatuh
tempo.
1) Held to maturity
Marketable securities under this category
are stated at cost, adjusted for the
amortization of premium or discount to
maturity.
2) Tersedia untuk dijual
Efek yang diklasifikasikan sebagai tersedia
untuk dijual dinyatakan berdasarkan nilai
pasar. Laba atau rugi yang belum
direalisasi akibat kenaikan atau penurunan
nilai pasar disajikan dalam komponen
ekuitas.
2) Available for sale
Marketable
securities
classified
as
available for sale are stated at market
value. Any unrealized gain or loss arising
from increase or decrease in market value
is presented under equity.
Harga pokok efek yang dijual ditentukan
berdasarkan metode identifikasi khusus.
Cost of marketable
determined on the
identification method.
securities sold is
basis of specific
13
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
2.
2.
IKHTISAR KEBIJAKAN AKUNTANSI PENTING
(Lanjutan)
d. Piutang Usaha
Piutang
usaha
diakui
dan
disajikan
sebesar nilai tagihan dikurangi penyisihan
piutang ragu-ragu. Perusahaan menetapkan
penyisihan piutang ragu-ragu berdasarkan
penelaahan
manajemen
terhadap
kemungkinan tidak tertagihnya piutang pada
akhir tahun. Penghapusan piutang dilakukan
berdasarkan pertimbangan manajemen atas
tidak
tertagihnya
piutang,
sedangkan
pemulihan penyisihan piutang ditentukan
berdasarkan jumlah yang dapat tertagih atas
piutang yang sudah disisihkan tersebut.
e. Transaksi Pihak Hubungan Istimewa
SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES (Continued)
d. Trade Receivables
Trade receivables are recognized and
carried at original invoice amount less an
allowance for doubtful accounts. The
Company provides an allowance for doubtful
accounts based on the assessment of the
Company’s management on the collectibility
of the accounts at the end of the year.
The written-off of receivables is based on
management’s judgment on the recoverability
of the accounts and for the recovery of
allowance for doubtful accounts.
e. Transaction with Related Parties
Perusahaan melakukan transaksi dengan
pihak-pihak yang memiliki hubungan istimewa,
sebagaimana yang didefinisikan oleh PSAK
No. 7, “Pengungkapan Pihak-pihak yang
Mempunyai Hubungan Istimewa.”
The Company has transactions with
certain parties, which have a related party
relationship, as defined in PSAK No. 7
“Related Party Disclosures.”
Semua transaksi yang signifikan dengan
pihak-pihak yang mempunyai hubungan
istimewa, baik yang dilakukan dengan syarat
dan kondisi yang sama dengan pihak ketiga
ataupun tidak diungkapkan dalam catatan atas
laporan keuangan.
All significant transactions with related parties
whether or not conducted under the same
terms and conditions as those with unrelated
parties, are disclosed in the notes to financial
statements.
f. Persediaan
f. Inventories
Efektif tanggal 1 Januari 2009, Perusahaan
menerapkan PSAK No. 14 (Revisi 2008),
“Persediaan” (“PSAK 14 Revisi”), yang
menggantikan
PSAK
No.
14
(1994),
“Persediaan”. Penerapan PSAK 14 Revisi ini
tidak menimbulkan dampak yang signifikan
terhadap laporan keuangan.
Effective January 1, 2009, the Company
applied PSAK No. 14 (Revised 2008),
“Inventories” (“Revised PSAK 14”), which
supersedes
PSAK
No.
14
(1994),
“Inventories”. The adoption of Revised
PSAK 14 had no significant impact on the
financial statements.
Persediaan dinyatakan sebesar nilai terendah
antara biaya perolehan dan nilai realisasi
bersih, dimana biaya perolehan ditentukan
dengan
metode
rata-rata.
Penyisihan
persediaan usang ditentukan berdasarkan
hasil penelaahan atas keadaan persediaan
pada akhir tahun.
Inventories are stated at the lower of cost or
net realizable value, whereby cost is
determined by the weighted-average method.
Allowance for inventories obsolescence is
provided based on a review of the condition
of inventories at the end of the year.
g. Biaya Dibayar Di Muka
Biaya dibayar di muka diamortisasi sesuai
masa manfaat masing-masing biaya dengan
menggunakan metode garis lurus.
g. Prepaid Expenses
Prepaid expenses are amortized over the
period benefited using the straight-line
method.
14
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
2.
2.
IKHTISAR KEBIJAKAN AKUNTANSI PENTING
(Lanjutan)
h. Aset Tetap
SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES (Continued)
h. Fixed Assets
Perusahaan menerapkan PSAK No. 16
(Revisi 2007), “Aset Tetap” (“PSAK 16 Revisi”).
Berdasarkan PSAK 16 Revisi, suatu entitas
harus memilih antara model biaya dan model
revaluasi
sebagai
kebijakan
akuntansi
pengukuran atas aset tetap. Perusahaan telah
memilih untuk menggunakan model biaya
sebagai kebijakan akuntansi pengukuran aset
tetapnya.
The Company applied PSAK No. 16 (Revised
2007), “Fixed Assets” (“Revised PSAK 16”).
Based on Revised PSAK 16, an entity shall
choose between the cost model and
revaluation model as the accounting policy for
its fixed assets measurements. The Company
has chosen the cost model as the accounting
policy for its fixed assets measurement.
Penyusutan dihitung dengan metode garis
lurus selama umur manfaat aset. Taksiran
masa manfaat ekonomis aset sebagai berikut:
Depreciation is calculated on a straight-line
basis over the useful lives of the assets.
Estimated useful lives of the assets are as
follows:
Tahun / Years
Bangunan
Peralatan telekomunikasi:
Perangkat telepon
Peralatan komunikasi data
Terminal pemancar
Sentral pemancar
Stasiun pemancar
20
15
15
15
10 - 15
10 - 15
Building
Telecommunication equipment:
Telephone equipment
Data communication equipment
Central relay
Switching
Relay station
Fasilitas telekomunikasi:
Sistem manajemen penagihan
Menara pemancar
Fasilitas dan perangkat listrik
Aset sewaan
Peralatan pengangkutan
Peralatan dan perabot kantor
10 - 15
10 - 15
10 - 15
10
5
4-5
Telecommunication facilities:
Billing management system facilities
Tower relay
Electrical equipment and facilities
Leased assets
Transportation equipment
Office equipment and fixtures
Masa manfaat ekonomis aset tetap dan
metode depresiasi ditelaah dan disesuaikan,
jika layak, pada setiap tanggal neraca.
The assets’ useful lives and methods of
depreciation are reviewed, and adjusted if
appropriate, at each balance sheet date.
Tanah dinyatakan sebesar nilai perolehan dan
tidak disusutkan.
Land is stated at cost and is not depreciated.
Aset dalam penyelesaian dinyatakan sebesar
biaya perolehan dan disajikan sebagai bagian
dari “Aset Tetap” di neraca, yang mencakup
biaya pinjaman untuk membiayai aset
selama periode pembangunan aset yang
bersangkutan. Akumulasi biaya perolehan
akan dipindahkan ke masing-masing akun aset
tetap yang bersangkutan pada saat aset
tersebut selesai dikerjakan dan siap untuk
digunakan.
Construction-in-progress is stated at cost and
presented as part of “Fixed Assets” in the
balance sheets, which includes borrowing
costs incurred to finance the construction
during the period of development. The
accumulated costs will be reclassified to the
appropriate fixed assets account when
construction is completed and ready for their
intended use.
15
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
2.
2.
IKHTISAR KEBIJAKAN AKUNTANSI PENTING
(Lanjutan)
Beban
perbaikan
dan
pemeliharaan
dibebankan pada laporan laba rugi pada saat
terjadinya; biaya penggantian atau inspeksi
yang signifikan dikapitalisasi pada saat
terjadinya dan jika besar kemungkinan
manfaat ekonomis di masa depan berkenaan
dengan aset tersebut akan mengalir ke
Perusahaan, dan biaya perolehan aset dapat
diukur secara andal. Aset tetap dihentikan
pengakuannya pada saat dilepaskan atau
ketika tidak ada manfaat ekonomis masa
depan yang diharapkan dari penggunaan atau
pelepasannya. Laba atau rugi yang timbul dari
penghentian pengakuan aset dimasukkan
dalam laporan laba rugi pada tahun aset
tersebut dihentikan pengakuannya.
i. Sewa
SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES (Continued)
The cost of repairs and maintenance is
charged to statements of income as incurred;
replacement or major inspection costs are
capitalized when incurred and if it is probable
that future economic benefits associated with
the item will flow to the Company, and the
cost of the item can be measured reliably. An
item of fixed assets is derecognized upon
disposal or when no future economic benefits
are expected from its use or disposal. Any
gain or loss arising on derecognition of the
asset is included in statements of income in
the year the asset is derecognized.
i. Leases
Perusahaan menerapkan PSAK No. 30 (Revisi
2007), “Sewa” (“PSAK 30 Revisi”). Menurut
PSAK 30 Revisi, sewa yang mengalihkan
secara substansial semua risiko dan manfaat
yang terkait dengan kepemilikan aset
kepada lessee diklasifikasikan sebagai sewa
pembiayaan. Pada awal masa sewa, sewa
pembiayaan dikapitalisasi sebesar nilai wajar
aset sewaan atau sebesar nilai kini dari
pembayaran sewa minimum, jika nilai kini lebih
rendah dari nilai wajar. Pembayaran sewa
minimum dipisahkan antara bagian yang
merupakan beban keuangan dan bagian yang
merupakan pelunasan kewajiban sehingga
menghasilkan suatu tingkat bunga periodik
yang konstan atas saldo kewajiban. Beban
keuangan dibebankan pada laporan laba rugi.
Aset sewaan yang dimiliki oleh lessee dengan
dasar sewa pembiayaan dicatat pada akun
aset tetap dan disusutkan sepanjang masa
manfaat dari aset sewaan tersebut atau
periode masa sewa, mana yang lebih pendek,
jika tidak ada kepastian yang memadai bahwa
lessee akan mendapatkan hak kepemilikan
pada akhir masa sewa.
The Company applied PSAK No. 30 (Revised
2007), “Leases” (“Revised PSAK 30”). Under
Revised PSAK 30, leases that transfer
substantially all the risks and benefits
incidental to ownership of the leased item to
the lessee are classified as finance leases.
Finance leases are capitalized at the
inception of the lease at the fair value of the
leased assets or at the present value of the
minimum lease payments if the present value
is lower than the fair value. Lease payments
are apportioned between finance charges and
reduction of the lease liability so as to achieve
a constant rate of interest on the remaining
balance of the liability. Finance charges are
recorded in the statements of income. Leased
assets held by the lessee under finance
leases are included in fixed assets and
depreciated over the estimated useful life of
the assets or the lease term, whichever is
shorter, if there is no reasonable certainty that
lessee will obtain ownership by the end of the
lease term.
Dalam hal transaksi jual dan sewa-balik
merupakan sewa pembiayaan maka transaksi
tersebut harus diperlakukan sebagai dua
transaksi yang terpisah yaitu transaksi
penjualan dan transaksi sewa. Selisih lebih
hasil penjualan dari nilai tercatat ditangguhkan
dan diamortisasi selama masa sewa.
In the case of sale and leaseback results in a
finance lease, this is to be treated as two
separate transactions, that is, sale and lease.
The excess of sales proceeds over the
carrying amount is deferred and amortized
over the lease term.
16
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
2.
2.
IKHTISAR KEBIJAKAN AKUNTANSI PENTING
(Lanjutan)
Sewa yang tidak mengalihkan secara
substansial seluruh risiko dan manfaat
yang terkait dengan kepemilikan aset
diklasifikasikan sebagai sewa operasi.
j. Penurunan Nilai Aset
Nilai aset ditelaah terhadap kemungkinan
adanya penurunan nilai pada saat kejadiankejadian atau perubahan-perubahan keadaan
mengindikasikan nilai tercatatnya mungkin
tidak dapat dipulihkan kembali. Apabila
nilai tercatat aset melebihi jumlah yang
dapat diperoleh kembali, maka selisihnya
dibebankan pada laporan laba rugi tahun
berjalan. Nilai yang dapat diperoleh kembali
adalah nilai tertinggi antara harga jual neto
dengan nilai pakai suatu aset.
k. Kapitalisasi Beban Pinjaman
Sesuai dengan PSAK No. 26 (Revisi 1997),
“Biaya Pinjaman”, beban bunga, selisih kurs
yang terjadi akibat transaksi pinjaman
dan biaya-biaya lain yang digunakan untuk
pemasangan aset, dikapitalisasi sampai
dengan aset tersebut selesai dikerjakan dan
siap digunakan.
l. Jaminan
Jaminan merupakan uang jaminan yang
dibayarkan untuk sewa lokasi untuk menara
BTS, sewa gedung kantor dan apartemen
sesuai
dengan
perjanjian
dan
akan
dikembalikan kepada Perusahaan pada saat
berakhirnya perjanjian.
m. Biaya Ditangguhkan
Biaya yang timbul sehubungan dengan
pengembangan proyek telekomunikasi yang
memiliki masa manfaat ekonomis di masa
depan ditangguhkan dan diamortisasi sesuai
perkiraan masa manfaat ekonomis dengan
menggunakan metode garis lurus selama
tiga (3) tahun sampai delapan (8) tahun.
SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES (Continued)
Leases that do not transfer substantially all
the risks and benefits incidental to ownership
of the leased item are classified as operating
leases.
j. Impairment of Asset Value
Asset values are reviewed for any impairment
and possible write down to fair value
whenever
events
or
changes
in
circumstances indicate that the carrying value
may not be recoverable. Whenever the
carrying amount of an asset exceeds its
recoverable amount, an impairment loss is
recognized in the current year statements of
income. Recoverable amount is the higher of
an asset’s net selling price and its value in
use
k. Capitalization of Borrowing Costs
In accordance with PSAK No. 26 (Revised
1997), “Borrowing Costs,” interest charges
and foreign exchange differences on
borrowings and other costs incurred to
finance construction in installation of major
facilities are capitalized until the construction
and installation is substantially completed and
the asset is ready for its intended use.
l. Security Deposits
Security deposits represent guarantee for
field rental of Base Transceiver Stations,
office building rent and apartment rent in
accordance with the agreements, which will
be returned to the Company at the end of
agreements.
m. Deferred Charges
Costs incurred in connection with the
development of telecommunication projects
that have future benefits are deferred and
amortized using the straight-line method over
the range of three (3) to eight (8) years.
17
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
2.
2.
IKHTISAR KEBIJAKAN AKUNTANSI PENTING
(Lanjutan)
n. Biaya Penerbitan Obligasi
Biaya yang terjadi sehubungan dengan
penerbitan
obligasi
ditangguhkan
dan
diamortisasi dengan menggunakan metode
garis lurus selama jangka waktu obligasi, yaitu
5 tahun. Diskonto obligasi diamortisasi dengan
menggunakan metode tarif bunga efektif
selama jangka waktu obligasi, yaitu 5 tahun.
Saldo biaya emisi obligasi ditangguhkan dan
diskonto obligasi dikurangkan langsung
dengan nilai nominal obligasi dan jumlah
bersihnya disajikan dalam hutang obligasi.
o. Instrumen Derivatif
SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES (Continued)
n. Bonds Issuance Cost
Costs incurred in connection with the
issuance of bonds are deferred and
amortized using the straight-line method over
the term of the bonds of five years. Bond
discount is amortized using the effective
interest method over the term of the bonds of
five years. The balance of deferred bonds
issuance cost and bond discount is deducted
from the nominal value of the bonds and the
net amount is recorded in bonds payable.
o. Derivative Instruments
Instrumen derivatif dicatat sesuai dengan
PSAK No. 55 (Revisi 1999), ”Akuntansi
Instrumen Derivatif dan Aktivitas Lindung
Nilai”. Sesuai dengan PSAK No. 55, selisih
nilai wajar instrumen derivatif (termasuk
derivatif yang melekat) dicatat pada neraca
baik sebagai aset atau kewajiban. PSAK
No. 55 mengharuskan setiap perubahan pada
nilai wajar tersebut diakui pada laporan laba
rugi tahun berjalan kecuali lindung nilai
tertentu mengijinkan laba atau rugi derivatif
saling hapus dengan hasil yang terkait dengan
kontrak yang dilindung nilai pada laporan laba
rugi, dan entitas harus mendokumentasikan
secara formal, mengindentifikasi dan menilai
keefektifan dari transaksi yang memenuhi
syarat sebagai akuntansi lindung nilai.
Derivative instruments are accounted for
in accordance with PSAK No. 55 (Revised
1999), “Accounting for Derivative Instruments
and Hedging Activities.” In accordance with
PSAK No. 55, difference in fair value of every
derivative instrument (including embedded
derivatives) recorded on the balance sheets
as either an asset or liability. PSAK No. 55
also requires that the changes in a derivative
fair value be recognized currently in earnings
unless a specific hedge allows a derivative
gain or loss to offset related results on the
hedged item in the statements of income, and
that an entity must formally document,
designate and assess the effectiveness of
transactions that meet hedge accounting.
Perusahaan
menggunakan
instrumen
keuangan derivatif seperti swap mata uang
untuk melindungi arus kas dari risiko
perubahan kurs mata uang asing. Instrumen
keuangan derivatif diakui pada nilai wajar pada
tanggal dimana Perusahaan melakukan
kontrak derivatif dan kemudian diukur kembali
pada nilai wajar.
The Company uses derivative financial
instruments such as currency swaps to hedge
its cash flows from foreign currency risks.
Such derivative financial instruments are
initially recognized at fair value on the date on
which a derivative contract is entered into and
are subsequently remeasured at fair value.
Untuk tujuan akuntansi, transaksi lindung nilai
Perusahaan diklasifikasikan sebagai lindung
nilai atas arus kas. Instrumen lindung nilai
disajikan pada nilai wajar. Bagian efektif dari
laba atau rugi yang belum terealisasi dari
instrumen lindung nilai disajikan pada akun
cadangan lindung nilai di bagian ekuitas.
For the purpose of hedge accounting, the
Company’s hedge transaction are classified
as cash flow hedges. Hedging instrument is
stated at fair value. Effective portion of
unrealized gain or loss of hedging instrument
is presented under hedging reserve account
in the equity section.
18
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
2.
2.
IKHTISAR KEBIJAKAN AKUNTANSI PENTING
(Lanjutan)
p. Saham Beredar Yang Diperoleh Kembali
Saham yang dibeli kembali (treasury stock)
untuk dikeluarkan lagi dikemudian hari dicatat
dengan metode nilai nominal atau par value
method. Berdasarkan metode ini, saham yang
dibeli kembali dicatat sebesar nilai nominalnya
dan disajikan sebagai pengurang akun modal
saham. Apabila saham yang diperoleh kembali
tersebut semula dikeluarkan dengan harga di
atas nilai nominal, akun tambahan modal
disetor akan disesuaikan. Selisih lebih harga
perolehan dari harga penerbitannya akan
dikoreksi ke agio saham beredar yang
diperoleh kembali.
q. Pengakuan Pendapatan dan Beban
SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES (Continued)
p. Treasury Stocks
Reacquisition of capital stock to be held as
treasury stock for future reissuance is
accounted for under the par value method.
Under this method, treasury stock is
presented at the par value as a reduction
from the capital stock account. If the treasury
stock had been originally issued at a price
above par value, the related additional paid-in
capital account is adjusted. Any excess of the
reacquisition cost over the original issuance
price is adjusted to premium on treasury
stock.
q. Revenue and Expense Recognition
Pendapatan telepon tidak bergerak
Fixed telephone revenue
Pendapatan dari jasa penyambungan diakui
pada saat jasa atau instalasi tersebut selesai
dilaksanakan. Pendapatan dari pemakaian
pulsa diakui pada saat pulsa digunakan.
Revenue from connection services is
recognized as income at the time the service
or the installation is completed. Revenue from
usage charges is recognized as earned.
Pendapatan telepon bergerak terbatas
Limited mobility telephone revenue
Untuk pelanggan pasca bayar, pendapatan
dari jasa penyambungan diakui pada
saat aktivasi oleh pelanggan sedangkan
pendapatan pulsa serta pendapatan bulanan
diakui pada saat terjadinya.
For post-paid subscribers, revenues from
connection services are recognized as
income at the time the connections take
place, while usage airtime and monthly
subscription charges are recognized when
earned.
Pendapatan kartu pra bayar, yang terdiri dari
penjualan kartu perdana, yang dikenal sebagai
kartu Removable User Identification Module
(RUIM), dan kartu pulsa isi ulang diakui
sebagai berikut:
Revenue from pre-paid cards, which consists
of sale of starter packs, known as Removable
User Identification Module (RUIM) cards and
pulse reload vouchers, are recognized as
follows:
•
•
Penjualan kartu perdana diakui sebagai
pendapatan saat penyerahan kepada agen
penjual atau penjualan langsung kepada
pelanggan akhir.
Penjualan kartu pulsa isi ulang (pra bayar)
diakui sebagai pendapatan diterima di
muka dan diakui secara proporsional
sebagai pendapatan pada saat pemakaian
pulsa atau pada saat kartu telah habis
masa berlakunya.
•
Starter pack sales are recognized upon
delivery of starter packs to dealers or
directly to customers.
•
Pulse reload vouchers (pre-paid) sales are
initially recorded as unearned revenue
and then proportionately recognized as
usage revenue based on successful calls
made by the subscribers or whenever the
unused stored value of the voucher has
expired.
19
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
2.
2.
IKHTISAR KEBIJAKAN AKUNTANSI PENTING
(Lanjutan)
SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES (Continued)
Pendapatan Interkoneksi
Interconnections revenue
Pendapatan dari interkoneksi, yang didasarkan
pada
perjanjian
interkoneksi
dengan
penyelenggara telekomunikasi dalam negeri
dan internasional, diakui berdasarkan tarif
sebenarnya yang tercatat dan disajikan
sebesar pendapatan kotor (gross).
Revenues from network interconnection,
which are based on agreements with other
domestic and international telecommunication
carriers are recognized based on the actual
recorded traffic and are presented on a gross
basis.
Pendapatan Lain-lain
Other Revenues
Pendapatan jasa lainnya diakui pada saat
penyerahan jasa tersebut.
Revenues from other services are recognized
when the services are rendered.
Beban
Expenses
Beban diakui pada saat terjadinya.
Expenses are recognized when incurred
(accrual basis).
r. Imbalan Kerja
Perusahaan menerapkan PSAK No. 24
(Revisi 2004), “Imbalan Kerja” (“PSAK 24
Revisi”) untuk menentukan kewajiban imbalan
kerja
sesuai
dengan
Undang-undang
Ketenagakerjaan
No. 13/2003
(“Undangundang”) tanggal 25 Maret 2003. Sesuai
PSAK 24 Revisi, beban imbalan kerja
berdasarkan
Undang-undang
ditentukan
dengan menggunakan metode aktuarial
“Projected Unit Credit”. Keuntungan atau
kerugian aktuarial diakui sebagai pendapatan
atau beban apabila akumulasi keuntungan
atau kerugian aktuarial bersih yang belum
diakui pada akhir tahun pelaporan sebelumnya
melebihi jumlah yang lebih besar diantara 10%
dari nilai kini imbalan pasti dan 10% dari nilai
wajar aktiva program pada tanggal neraca.
Keuntungan atau kerugian diakui atas dasar
metode garis lurus selama rata-rata sisa masa
kerja karyawan yang diharapkan. Beban jasa
lalu yang terjadi ketika memperkenalkan
program imbalan pasti atau mengubah
imbalan terhutang pada program imbalan pasti
yang ada, diamortisasi selama periode sampai
imbalan tersebut menjadi hak.
r. Employee Benefits
The Company adopted PSAK No. 24
(Revised 2004) on “Employee Benefits”
(“Revised PSAK 24”) to determine its
employee benefits obligation under the Labor
Law No. 13/2003 dated March 25, 2003 (“the
Law”). Under Revised PSAK 24, the cost of
employee benefits based on the Law is
determined using the “Projected Unit Credit”
actuarial valuation method. Actuarial gains or
losses are recognized as income or expense
when the net cumulative unrecognized
actuarial gains and losses at the end of the
previous reporting year exceeded the higher
of 10% of the defined benefit obligation and
10% of the fair value of plan assets at that
date. These gains or losses are recognized
on a straight-line basis method over the
expected average remaining working lives of
the employees. Past-service cost arising from
the introduction of a defined benefit plan or
changes in the benefits obligation of an
existing plan are required to be amortized
over the period until the benefits concerned
become vested.
20
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
2.
2.
IKHTISAR KEBIJAKAN AKUNTANSI PENTING
(Lanjutan)
s. Transaksi dan Saldo dalam Mata Uang
Asing
SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES (Continued)
s. Foreign Currency Transactions and
Balances
Transaksi dalam mata uang asing dicatat ke
dalam Rupiah berdasarkan kurs pada
saat terjadinya transaksi. Pada tanggal neraca,
aset dan kewajiban moneter dalam mata
uang asing disesuaikan ke dalam Rupiah
menggunakan kurs tengah yang ditetapkan
oleh Bank Indonesia pada tanggal terakhir
transaksi perbankan pada tahun tersebut.
Laba dan rugi yang timbul dikreditkan atau
dibebankan pada laporan laba rugi.
Transactions involving foreign currencies
other than Rupiah are recorded at the rates
of exchange prevailing at the time the
transactions are made. At balance sheet
date, monetary assets and liabilities
denominated in currencies other than Rupiah
are adjusted to Rupiah to reflect the middle
exchange rate published by Bank Indonesia
at the last banking transaction date of the
year. The resulting gains or losses are
credited or charged to the statements of
income.
Pada tanggal 31 Desember 2009, 2008 dan
2007, kurs yang digunakan masing-masing
sebesar Rp9.400, Rp10.950 dan Rp9.419
untuk USD1.
As of December 31, 2009, 2008 and 2007,
the exchange rates used were Rp9,400,
Rp10,950
and
Rp9,419
to
USD1,
respectively.
t. Pajak Penghasilan
t. Income Taxes
Beban pajak kini ditetapkan berdasarkan
taksiran laba kena pajak tahun berjalan.
Current tax expense is provided based on the
estimated taxable income for the year.
Aset dan kewajiban pajak tangguhan diakui
atas perbedaan temporer antara aset dan
kewajiban untuk tujuan komersial dan untuk
tujuan perpajakan setiap tanggal pelaporan.
Aset pajak tangguhan diakui untuk seluruh
perbedaan temporer yang boleh dikurangkan,
sepanjang besar kemungkinan perbedaan
temporer yang boleh dikurangkan tersebut
dapat dimanfaatkan untuk mengurangi laba
fiskal pada masa yang akan datang.
Kewajiban pajak tangguhan diakui atas semua
perbedaan temporer kena pajak. Manfaat
pajak di masa mendatang, seperti saldo rugi
fiskal yang belum digunakan, diakui sejauh
besar kemungkinan realisasi atas manfaat
pajak tersebut.
Deferred tax assets and liabilities are
recognized for temporary differences between
the financial and the tax bases of assets and
liabilities at each reporting date. Deferred tax
asset are recognized for all deductible
temporary differences to the extent that it is
probable that future taxable profit will be
available against which the deductible
temporary difference can be utilized. Deferred
tax liabilities are recognized for all taxable
temporary differences. Future tax benefits,
such as the carry-forward of unused tax
losses, are also recognized to the extent that
realization of such benefits is probable.
Aset dan kewajiban pajak tangguhan diukur
pada tarif pajak yang diharapkan akan
digunakan pada periode ketika aset direalisasi
atau ketika kewajiban dilunasi berdasarkan
tarif pajak (dan peraturan perpajakan) yang
berlaku atau secara substansial telah
diberlakukan pada tanggal neraca.
Deferred tax assets and liabilities are
measured at the tax rates that are expected
to apply to the period when the asset is
realized or the liability is settled, based on tax
rates (and tax laws) that have been enacted
or substantively enacted at the balance sheet
date.
Perubahan terhadap kewajiban perpajakan
diakui pada saat Surat Ketetapan Pajak
(“SKP”) diterima dan/atau, jika Perusahaan
mengajukan keberatan dan/atau banding,
pada saat keputusan atas keberatan dan/atau
banding tersebut telah ditetapkan.
Amendments to tax obligations are recorded
when an assessment is received and/or, if
objected to and/or appealed against by the
Company, when the result of the objection
and/or appeal is determined.
21
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
2.
2.
IKHTISAR KEBIJAKAN AKUNTANSI PENTING
(Lanjutan)
u. Laba Per Saham
SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES (Continued)
u. Earnings Per Share
Laba bersih per saham dasar dihitung dengan
membagi laba bersih dengan jumlah rata-rata
tertimbang saham biasa yang beredar selama
tahun yang bersangkutan.
Basic earnings per share are computed by
dividing net income by the weighted-average
number of common shares outstanding
during the year.
Laba bersih per saham dilusian dihitung
dengan membagi laba bersih dengan jumlah
rata-rata tertimbang saham biasa yang
beredar selama periode pelaporan setelah
disesuaikan dengan efek yang sifatnya
berpotensi dilutif.
Diluted earnings per share are computed by
dividing net income by the weighted average
number of common shares outstanding as
adjusted for the effects of all potential dilution.
v. Kontinjensi
Kewajiban kontinjensi tidak diakui dalam
laporan keuangan, namun diungkapkan
kecuali kemungkinan arus keluar sumber daya
sangat kecil. Aset kontinjensi tidak diakui
dalam laporan keuangan tetapi diungkapkan
apabila terdapat kemungkinan besar arus
masuk manfaat ekonomis akan diperoleh.
w. Informasi Segmen
Informasi segmen disajikan menurut ketentuan
PSAK No. 5 (revisi) tentang Akuntansi
Segmen. Perusahaan melaporkan segmen
usaha sebagai bentuk pelaporan primer dan
segmen geografis sebagai bentuk pelaporan
sekunder.
x. Penggunaan Estimasi
Penyusunan laporan keuangan berdasarkan
prinsip akuntansi yang berlaku umum di
Indonesia mengharuskan manajemen untuk
membuat
estimasi
dan
asumsi
yang
mempengaruhi jumlah yang dilaporkan dalam
laporan
keuangan.
Karena
adanya
ketidakpastian yang melekat dalam penetapan
estimasi, maka jumlah sesungguhnya yang
akan dilaporkan di masa mendatang mungkin
berbeda dari jumlah yang diestimasi tersebut.
v. Contingencies
Contingent liabilities are not recognized in the
financial statements, but are disclosed unless
the possibility of an outflow of resources
embodying economic benefits is remote.
Contingent assets are not recognized in the
financial statements, but are disclosed when
an inflow of economic benefits is probable.
w. Segment Information
Segment information is presented based
on PSAK No. 5 (revised) regarding Segment
Accounting. The Company’s primary reporting
segment information is based on business
segment, while its secondary reporting
segment
information
is
based
on
geographical segment.
x. Use of Estimates
The preparation of financial statements
in conformity with generally accepted
accounting principles in Indonesia requires
management to make estimations and
assumptions that affect amounts reported
therein. Due to the inherent uncertainty in
making estimates, actual results reported in
future periods may be based on amounts that
differ from those estimates.
22
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
3.
3.
KAS DAN SETARA KAS
Akun ini terdiri dari:
This account consists of:
2009
Kas
Rupiah
Dolar AS
Jumlah Kas
Kas di bank
Rupiah
PT Bank Mega Tbk
PT Bank Central Asia Tbk
PT Bank Permata Tbk
PT Bank Mandiri
(Persero) Tbk
PT Bank DBS Indonesia
PT Bank Umum Koperasi
Indonesia
PT Bank Negara Indonesia
(Persero) Tbk
PT Bank Danamon
Indonesia Tbk
Deutsche Bank
Indonesia
Standard Chartered Bank
PT Bank Capital
PT Bank NISP
PT CIMB Niaga Tbk
PT Bank Syariah Mandiri
PT Bank Tabungan
Pensiunan Nasional Tbk
PT Bank Rakyat
Indonesia Tbk
PT Bank Ekonomi
Sub-jumlah
Dolar AS
Deutsche Bank
Indonesia
PT Bank Mega Tbk
PT Bank Umum Koperasi
Indonesia
PT Bank Mandiri
(Persero) Tbk
PT Bank Danamon
Indonesia Tbk
PT Bank Permata Tbk
PT Bank DBS Indonesia
Sub-jumlah
Jumlah Kas di Bank
Setara kas
Deposito bejangka
Rupiah
PT Bank Capital
Deutsche Bank Indonesia
PT Bank Negara Indonesia
(Persero) Tbk
PT Bank Mega Tbk
CASH AND CASH EQUIVALENTS
2008
2007
1.683.767.750
89.807.600
1.406.713.802
110.660.700
505.802.355
91.552.680
1.773.575.350
1.517.374.502
597.355.035
44.415.383.367
35.542.700.845
4,498,005,620
116.909.537.941
48.528.582.067
5.341.705.262
765.243.905
12.899.141.825
17.346.602.174
2.360.549.058
2.085.622.043
4.491.900.038
2.085.712.043
6.006.970.099
10.531.307
1.779.911.332
3.394.746.551
2.152.713.999
1.342.852.402
1.220.011.704
564.541.826
1.300.838.570
1.197.329.701
1.245.286.792
1.259.209.575
623.937.667
251.879.736
229.366.493
148.680.176
143.818.318
40.325.567.018
587.390.423
186.228.346
89.731.240
121.854.987
568.342.207
8.470.951
131.558.268
57.785.948
247.788.130
27.435.937
26.867.933
26.139.635
4.962.726
4.150.140
4.165.844
63.236.808
96.019.304.005
224.511.331.098
42.094.353.874
Cash on hand
Rupiah
US Dollar
Total Cash on Hand
Cash in banks
Rupiah
PT Bank Mega Tbk
PT Bank Central Asia Tbk
PT Bank Permata Tbk
PT Bank Mandiri
(Persero) Tbk
PT Bank DBS Indonesia
PT Bank Umum Koperasi
Indonesia
PT Bank Negara Indonesia
(Persero) Tbk
PT Bank Danamon
Indonesia Tbk
Deutsche Bank
Indonesia
Standard Chartered Bank
PT Bank Capital
PT Bank NISP
PT CIMB Niaga Tbk
PT Bank Syariah Mandiri
PT Bank Tabungan
Pensiunan Nasional Tbk
PT Bank Rakyat
Indonesia Tbk
PT Bank Ekonomi
Sub-total
228.057.340.950
47.056.660.756
194.468.097.749
-
535.262.273
-
1.236.729.110
80.988.390
69.155.428
1.204.903.468
1.025.474.179
17.569.449
698.318.198
526.136.048
95.915.626
814.822.351
443.750.282
356.688.475
701.878.449
468.825.357
231.242.855
US Dollar
Deutsche Bank
Indonesia
PT Bank Mega Tbk
PT Bank Umum Koperasi
Indonesia
PT Bank Mandiri
(Persero) Tbk
PT Bank Danamon
Indonesia Tbk
PT Bank Permata Tbk
PT Bank DBS Indonesia
278.876.004.156
197.189.821.426
2.023.933.811
Sub-total
374.895.308.161
421.701.152.524
44.118.287.685
Total Cash in Banks
Cash equivalents
Time deposits
Rupiah
PT Bank Capital
Deutsche Bank Indonesia
PT Bank Negara Indonesia
(Persero) Tbk
PT Bank Mega Tbk
250.301.388.889
74.400.000.000
60.000.000.000
213.100.000.000
849.235.483
-
846.448.716
-
6.693.877.000
23
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
3.
3.
KAS DAN SETARA KAS (Lanjutan)
2009
Dolar AS
PT Bank Mandiri
(Persero) Tbk
PT Bank DBS Indonesia
Deutsche Bank Indonesia
Jumlah Setara Kas
Jumlah
2008
13.453.201.667
-
15.658.500.000
1.916.250.000
-
25.596.132.500
5.557.210.000
339.003.826.039
78.421.198.716
250.947.219.500
Total Cash Equivalents
715.672.709.550
501.639.725.742
295.662.862.220
2009
4.
2007
US Dollar
PT Bank Mandiri
(Persero) Tbk
PT Bank DBS Indonesia
Deutsche Bank Indonesia
Kisaran tingkat bunga tahunan deposito berjangka
adalah sebagai berikut:
Tingkat bunga tahunan:
Rupiah
Dolar AS
CASH AND CASH EQUIVALENTS (Continued)
3,5% - 10%
2,67% - 5,00%
INVESTASI JANGKA PENDEK
Total
The annual interest rates of time deposits were
as follow:
2008
2007
3,50% - 13,50%
1% - 5,20%
4.
Akun ini terdiri dari:
7,75% - 9,50%
4,20% - 5,20%
Interest rates per annum:
Rupiah
US dollar
SHORT-TERM INVESTMENTS
This account consists of:
2009
2008
2007
Efek tersedia untuk dijual
PT Recapital Asset Management
PT Asia Kapitalindo Securities
PT Samuel Asset Management
PT Danatama Makmur
508.769.706.571
46.466.215.642
-
630.504.781.413
420.086.301.370
32.431.516.444
Sub-jumlah
555.235.922.213
1.083.022.599.227
Available-for-sale securities
52.931.567.865 PT Recapital Asset Management
PT Asia Kapitalindo Securities
- PT Samuel Asset Management
PT Danatama Makmur
52.931.567.865
Sub-total
Deposito bejangka
PT Bank Negara Indonesia
(Persero) Tbk
Deutsche Bank Indonesia
2.562.146.595
-
-
47.095.000.000
Time deposits
PT Bank Negara Indonesia
(Persero) Tbk
Deutsche Bank Indonesia
Sub-jumlah
2.562.146.595
-
47.095.000.000
Sub-total
557.798.068.808
1.083.022.599.227
100.026.567.865
Total
Jumlah
a. Penempatan pada PT Recapital Asset
Management, PT Asia Kapitalindo Securities,
PT
Samuel
Asset
Management
dan
PT Danatama Makmur, sebagai manajer
investasi, merupakan penempatan dalam efek
yang tersedia untuk dijual.
a. Investments
at
PT
Recapital
Asset
Management, PT Asia Kapitalindo Securities,
PT Samuel Asset Management dan
PT
Danatama
Makmur,
investment
managers, represent investment in availablefor-sale securities.
b. Investasi jangka pendek di PT Bank Negara
Indonesia (Persero) Tbk merupakan deposito
berjangka dengan jangka waktu lima (5) bulan
dalam Rupiah dengan tingkat bunga 7,0% per
tahun.
b. The short-term investment in PT Bank Negara
Indonesia (Persero) Tbk represents time
deposits with a term of five (5) months in
Rupiah with an interest rate of 7.0% per
annum.
c. Investasi jangka pendek di Deutsche Bank
Indonesia merupakan deposito berjangka
dengan jangka waktu enam (6) bulan dalam
Dolar AS dengan tingkat bunga 4% per tahun.
c. The short-term investment in Deutsche Bank
Indonesia represents time deposits with a
term of six (6) months in US dollar with an
interest rate of 4% per annum.
24
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
4.
4.
INVESTASI JANGKA PENDEK (Lanjutan)
Mutasi laba (rugi) yang belum terealisasi sebagai
berikut:
2009
Saldo awal tahun
Laba (rugi) yang belum terealisasi
tahun berjalan
Saldo akhir tahun
5.
5.950.137.230
Movements in unrealized
investments are as follows:
2008
2007
612.896.738
743.210.928
(130.314.190 )
2.514.674.254
5.950.137.230
612.896.738
Ending balance of the year
5.
2008
65.839.700.499
81.527.328.706
82.041.340.203
58.238.421.633
Usage service
Connection service
115.193.860.748
147.367.029.205
140.279.761.836
(20.724.887.463 )
(26.396.142.509 )
(37.294.180.760 )
Total
Less allowance for doubtful
accounts
120.970.886.696
102.985.581.076
94.468.973.285
2008
2007
77.688.339.860
12.814.025.226
9.537.422.815
15.154.072.847
80.728.118.703
19.906.915.859
12.185.919.024
34.546.075.619
102.565.848.030
3.447.404.604
10.374.701.946
23.891.807.256
Up to 30 days
Over 30 days - 60 days
Over 60 days - 90 days
Over 90 days
115.193.860.748
147.367.029.205
140.279.761.836
Total
2009
Saldo akhir tahun
Net
The aging schedule of trade receivables was as
follows:
Mutasi penyisihan piutang ragu-ragu atas piutang
usaha adalah sebagai berikut:
Saldo awal tahun
Penyisihan piutang ragu-ragu
Penghapusan piutang ragu-ragu
2007
52.462.914.270
62.730.946.478
2009
Jumlah
TRADE RECEIVABLES
This account consists of:
Analisis umur piutang usaha adalah sebagai
berikut:
Sampai dengan 30 hari
Lebih dari 30 hari - 60 hari
Lebih dari 60 hari - 90 hari
Lebih dari 90 hari
on
5.337.240.492
2009
Bersih
(loss)
(3.435.462.976 )
Akun ini terdiri dari:
Jumlah
Dikurangi penyisihan piutang
ragu-ragu
gain
Beginning balance of the year
Unrealized gain (loss)
during the year
PIUTANG USAHA
Jasa pemakaian
Jasa penyambungan
SHORT-TERM INVESTMENTS (Continued)
Movements in the allowance for doubtful
accounts of trade receivables were as follows:
2008
2007
26.396.142.509
10.604.128.332
(16.275.383.378 )
37.294.180.760
12.490.675.694
(23.388.713.945 )
55.204.782.526
17.384.783.050
(35.295.384.816 )
Beginning balance of the year
Provisions during the year
Written-off allowance
20.724.887.463
26.396.142.509
37.294.180.760
Ending balance of the year
Piutang usaha pada tanggal 31 Desember
2009, 2008 dan 2007 masing-masing sebesar
Rp94.468.973.285,
Rp120.970.886.696
dan
Rp102.985.581.076 digunakan sebagai jaminan
atas pinjaman jangka panjang dari Credit Suisse
(Catatan 19).
The outstanding trade receivables as of
December 31, 2009, 2008 and 2007 were used
as collateral for a long-term loan from Credit
Suisse
amounting
to
Rp94,468,973,285,
Rp120,970,886,696 and Rp102,985,581,076,
respectively (Note 19).
25
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
5.
5.
6.
PIUTANG USAHA (Lanjutan)
TRADE RECEIVABLES (Continued)
Berdasarkan
Surat
Keputusan
Direksi
No. 485/SK-Dir/FINANCE/XII/2009, tertanggal
2 Desember 2009, Perusahaan telah melakukan
penghapusan piutang usaha atas tagihan pulsa
dan biaya pemasangan/instalasi perangkat
telekomunikasi telepon Ratelindo, Esia dan
Wifone
untuk
tahun
2007
sebesar
Rp16.275.383.378.
Based on Decision Letter of Directors
No.
485/SK-Dir/FINANCE/XII/2009,
dated
December 2, 2009, the Company has written-off
receivables from pulse usage and installation
expense of telecommunication equipment with
trade mark Ratelindo, Esia and Wifone
amounting to Rp16,275,383,378.
Berdasarkan keputusan pengadilan No. 36/
PEND/HKM/PH/2008 PN JAK SEL pada tanggal
19 Desember 2008, Perusahaan telah melakukan
penghapusan piutang usaha atas pemakaian
pulsa dan jasa penyambungan untuk peralatan
telekomunikasi dengan merek Ratelindo, Esia dan
Wifone sebesar Rp23.388.713.945.
Based on jurisdiction decision No. 36/PEND/
HKM/PH/2008 PN JAK SEL dated December 19,
2008, the Company has written-off receivables
from pulse usage and installation expense of
telecommunication equipment with trade mark
Ratelindo, Esia and Wifone amounting to
Rp23,388,713,945.
Berdasarkan keputusan pengadilan No. 149/
PEND/HKM/PH/2007 PN JAK SEL pada tanggal
27 Desember 2007, Perusahaan telah melakukan
penghapusan piutang usaha atas pemakaian
pulsa dan jasa penyambungan untuk peralatan
telekomunikasi dengan merek Esia sebesar
Rp35.295.384.816.
Based on jurisdiction decision No. 149/PEND/
HKM/PH/2007 PN JAK SEL dated December 27,
2007, the Company has written-off receivables
from pulse usage and installation expense of
telecommunication equipment with trade mark
Esia amounting to Rp35,295,384,816.
Seluruh saldo piutang usaha pada tanggal
31 Desember 2009, 2008 dan 2007 adalah
piutang kepada pihak ketiga dalam mata uang
rupiah.
The outstanding trade receivables as of
December 31, 2009, 2008 and 2007 are all
receivables to third party and denominated in
rupiah.
Berdasarkan hasil penelaahan terhadap status
akun
piutang
masing-masing
pelanggan,
manajemen Perusahaan berkeyakinan bahwa
penyisihan piutang ragu-ragu pada tanggal
31 Desember 2009, 2008 dan 2007 adalah cukup
untuk menutup kemungkinan kerugian atas tidak
tertagihnya piutang usaha.
Based on the results of the examination of each
receivable, the Company’s management believes
that allowance for doubtful accounts as of
Desember 31, 2009, 2008 and 2007 was
adequate to cover the possibilities of losses on
trade receivables.
PERSEDIAAN
6.
Akun ini terdiri dari:
INVENTORIES
This account consists of:
2009
2008
2007
Pulsa isi ulang dan kartu perdana
Perangkat telekomunikasi
27.403.327.289
259.735.178
32.544.514.456
3.213.462.934
15.803.828.662
2.623.089.281
Voucher and starter pack
Telecommunication equipment
Jumlah
27.663.062.467
35.757.977.390
18.426.917.943
Total
Persediaan pada tanggal 31 Desember 2009,
2008 dan 2007 masing-masing sebesar
Rp27.663.062.467,
Rp35.757.977.390
dan
Rp18.426.917.943 digunakan sebagai jaminan
atas pinjaman bank jangka panjang dari Credit
Suisse (Catatan 19).
The outstanding inventories as of December 31,
2009,
2008
and
2007
amounting
to
Rp27,663,062,467,
Rp35,757,977,390
and
Rp18,426,917,943, respectively, were used as
collateral for a long-term loan from Credit Suisse
(Note 19).
26
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
6.
6.
PERSEDIAAN (Lanjutan)
Persediaan diasuransikan kepada beberapa
perusahaan asuransi dalam satu paket dengan
aset tetap (Catatan 10). Seluruh persediaan pada
tanggal 31 Desember 2009, 2008 dan 2007
dijadikan jaminan atas pinjaman Perusahaan
(Catatan 19).
7.
UANG MUKA
Inventories and fixed assets were insured in one
blanket policy with various insurance companies
(Note 10). All of the outstanding inventories as of
December 31, 2009, 2008 and 2007 were used
as collateral for the Company’s loans (Note 19).
7.
Akun ini terdiri dari:
2008
2007
Operasional departemen
Sewa dan pembelian
12.823.925.283
4.928.689.310
17.756.978.758
4.928.689.310
18.350.638.253
30.604.518.501
Department operation
Rent and purchases
Jumlah
17.752.614.593
22.685.668.068
48.955.156.754
Total
Uang muka operasional departemen merupakan
uang muka yang belum dipertanggungjawabkan
oleh departemen yang bersangkutan. Sedangkan
uang muka sewa dan pembelian uang muka untuk
sewa lahan Base Transceiver Stations (BTS).
BIAYA DIBAYAR DI MUKA
Department operation represents advances that
are not yet liquidated by related departments,
while advances for rent and purchases consists
of Base Transceiver Stations (BTS).
8.
Akun ini terdiri dari:
Lisensi
Sewa ruangan dan lahan BTS
Iklan dan promosi
Biaya provisi bank
Gerai
Lain-lain
Jumlah
2008
135.496.167.147
178.639.336.011
10.166.136.692
6.326.052.281
3.663.788.509
150.842.808.384
35.661.403.956
7.949.735.949
7.560.079.734
4.588.496.557
License
Building and BTS area rental
Advertising and promotion
Bank provision fee
Outlets
Others
114.655.247.894
334.291.480.640
206.602.524.580
Total
9.
Akun ini terdiri dari:
ADVANCES FOR PURCHASE OF FIXED
ASSETS
This account consists of:
2009
Jumlah
2007
63.921.306.102
17.182.934.650
13.303.865.427
13.780.970.397
4.277.498.655
2.188.672.663
UANG MUKA PEMBELIAN ASET TETAP
Pihak Ketiga
Huawei Tech Investment Co. Ltd.
Hong Kong
Nortel Networks Singapore
Pte. Ltd., Singapura
PT Lumbung Dwipratama
Lain-lain
PREPAID EXPENSES
This account consists of:
2009
9.
ADVANCES
This account consists of:
2009
8.
INVENTORIES (Continued)
2008
130.375.142.795
242.765.574.588
7.262.170.460
8.939.154.344
2.722.535.248
67.497.803.987
9.104.802.146
8.010.034.579
149.299.002.847
327.378.215.300
2007
Third Parties
Huawei Tech Investment Co. Ltd.
120.367.401.863
Hong Kong
Nortel Networks Singapore
Pte. Ltd., Singapore
2.657.251.191
PT Lumbung Dwipratama
Others
123.024.653.054
Total
27
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
9.
9.
UANG MUKA PEMBELIAN ASET TETAP
(Lanjutan)
Uang muka pembelian aset tetap merupakan
uang muka untuk pembelian peralatan dan
fasilitas telekomunikasi.
10. ASET TETAP
ADVANCES FOR PURCHASE OF FIXED
ASSETS (Continued)
Advances for fixed assets are intended for the
puchase of telecommunication equipment and
facilities.
10. FIXED ASSETS
Rincian atas akun ini adalah sebagai berikut:
The details of this account were as follows:
2009
Saldo Awal
1 Januari /
Beginning balance
January 1,
Harga Perolehan
Pemilikan langsung
Hak atas tanah
Bangunan
Peralatan
telekomunikasi
Fasilitas
telekomunikasi
Peralatan
pengangkutan
Peralatan dan perabot
kantor
Penambahan /
Additions
Pengurangan /
Deductions
-
Indirect ownership
Leased assets
Telecommunication
equipment and
3.151.339.703.374
facilities
11.164.935.500
33.761.373.062
4.756.692.782.937
354.777.193.452
102.144.079.268
(12.632.229.792 )
2.092.962.835.081
6.939.167.467.494
11.160.858.180
(239.357.817.876 )
364.316.892.594
490.897.126.350
9.094.115.391
5.040.400.000
-
415.000.000
14.549.515.391
100.369.579.674
8.321.267.933
-
25.311.421.508
134.002.269.115
1.907.506.377.764
2.034.172.983.145
Pemilikan tidak langsung
Aset sewaan
Peralatan
dan fasilitas
telekomunikasi
Sub-total
2.255.728.500
9.305.711.137
1.467.931.993.132
Sub-jumlah
8.504.413.468.988
(2.132.729.829 )
(190.360.000 )
6.724.553.623.340
Akumulasi Penyusutan
Pemilikan langsung
Bangunan
Peralatan
telekomunikasi
Fasilitas
telekomunikasi
Peralatan
pengangkutan
Peralatan dan perabot
kantor
-
-
Sub-jumlah
Jumlah Harga
Perolehan
880.870.782.076
Acquisition costs
Direct ownership
Land rights
Building
Telecommunication
equipment
Telecommunication
facilities
Transportation
equipment
Office equipment
and fixtures
Construction-inprogress
11.041.936.829
24.646.021.925
Aset dalam penyelesaian
Pemilikan tidak langsung
Aset sewaan
Peralatan
dan fasilitas
telekomunikasi
Saldo Akhir
31 Desember /
Ending balance
December 31,
Reklasifikasi /
Reclassification
-
3.151.339.703.374
6.724.553.623.340
5.185.512.686.519
(254.313.137.497 )
(254.313.137.497 )
(2.494.567.588.820 )
-
11.655.753.172.362
Total Acquisition
Cost
3.630.773.134
1.501.400.772
(125.281.152 )
-
5.006.892.754
1.285.395.803.965
664.414.226.814
(2.324.500.237 )
-
1.947.485.530.542
80.454.677.752
48.466.165.768
(56.970.988.903 )
-
71.949.854.617
3.847.027.440
1.893.976.083
-
-
5.741.003.523
47.944.094.401
18.011.134.259
-
-
65.955.228.660
Accumulated
Depreciation
Direct ownership
Building
Telecommunication
equipment
Telecommunication
facilities
Transportation
equipment
Office equipment
and fixtures
1.421.272.376.692
734.286.903.696
-
2.096.138.510.096
Sub-total
-
244.936.404.332
Jumlah Akumulasi
Penyusutan
1.421.272.376.692
979.223.308.028
Nilai Buku
5.303.281.246.648
(59.420.770.292 )
(59.420.770.292 )
-
Indirect ownership
Leased Assets
Telecommunication
equipment and
244.936.404.332
facilities
2.341.074.914.428
Total Accumulated
Depreciation
9.314.678.257.934
Net Book Value
28
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
10. ASET TETAP (Lanjutan)
10. FIXED ASSETS (Continued)
2008
Saldo Awal
1 Januari /
Beginning balance
January 1,
Harga Perolehan
Pemilikan langsung
Hak atas tanah
Bangunan
Peralatan
telekomunikasi
Fasilitas
telekomunikasi
Peralatan
pengangkutan
Peralatan dan perabot
kantor
Aset dalam
penyelesaian
Jumlah Harga
Perolehan
Akumulasi Penyusutan
Pemilikan langsung
Bangunan
Peralatan
telekomunikasi
Fasilitas
telekomunikasi
Peralatan
pengangkutan
Peralatan dan perabot
kantor
Jumlah Akumulasi
Penyusutan
Nilai Buku
Penambahan /
Additions
Pengurangan /
Deductions
Saldo Akhir
31 Desember /
Ending balance
December 31,
Reklasifikasi /
Reclassification
1.467.931.993.132
Acquisition costs
Direct ownership
Land rights
Building
Telecommunication
equipment
Telecommunication
facilities
Transportation
equipment
Office equipment and
fixtures
Construction-in
progress
6.724.553.623.340
Total Acquisition
Cost
7.334.257.329
12.262.121.063
-
-
3.707.679.500
12.383.900.862
11.041.936.829
24.646.021.925
2.913.353.384.780
94.423.188.172
-
1.748.916.209.985
4.756.692.782.937
205.505.876.174
15.881.343.604
-
133.389.973.674
354.777.193.452
4.430.515.391
4.663.600.000
-
-
9.094.115.391
59.390.902.318
16.906.429.949
-
24.072.247.407
100.369.579.674
1.093.836.407.207
2.296.565.597.353
-
4.296.113.464.262
2.428.440.159.078
-
(1.922.470.011.428 )
-
2.713.951.541
916.821.593
-
-
3.630.773.134
889.516.307.539
395.879.496.426
-
-
1.285.395.803.965
55.688.693.094
24.765.984.658
-
-
80.454.677.752
3.211.215.146
635.812.294
-
-
3.847.027.440
37.781.224.610
10.162.869.791
-
-
47.944.094.401
Accumulated
Depreciation
Direct ownership
Building
Telecommunication
equipment
Telecommunication
facilities
Transportation
equipment
Office equipment and
fixtures
988.911.391.930
432.360.984.762
-
-
1.421.272.376.692
Total Accumulated
Depreciation
5.303.281.246.648
Net Book Value
3.307.202.072.332
2007
Saldo Awal
1 Januari /
Beginning balance
January 1,
Harga Perolehan
Hak atas tanah
Bangunan
Peralatan
telekomunikasi
Fasilitas
telekomunikasi
Peralatan
pengangkutan
Peralatan dan perabot
kantor
Aset dalam
penyelesaian
Jumlah Harga
Perolehan
Akumulasi Penyusutan
Bangunan
Peralatan
telekomunikasi
Fasilitas
telekomunikasi
Peralatan
pengangkutan
Peralatan dan perabot
kantor
Jumlah Akumulasi
Penyusutan
Nilai Buku
Penambahan /
Additions
Pengurangan /
Deductions
Saldo Akhir
31 Desember /
Ending balance
December 31,
Reklasifikasi /
Reclassification
4.031.706.300
398.809.091
-
80.427.486.214
6.487.047.469
-
(27.523.631.365 )
59.390.902.318
465.431.027.415
1.787.410.196.951
-
(1.159.004.817.159 )
1.093.836.407.207
Acquisition costs
Land rights
Building
Telecommunication
equipment
Telecommunication
facilities
Transportation
equipment
Office equipment and
fixtures
Construction-in
progress
2.326.924.717.155
1.969.188.747.107
-
-
4.296.113.464.262
Total Acquisition
Cost
2.277.552.803
436.398.738
-
-
2.713.951.541
665.257.945.829
202.241.877.170
-
22.016.484.540
889.516.307.539
59.064.133.071
9.497.129.310
-
(12.872.569.287 )
55.688.693.094
3.517.257.329
7.731.364.863
3.817.000.000
-
-
4.530.756.200
7.334.257.329
12.262.121.063
1.606.074.999.186
137.183.179.940
-
1.170.095.205.654
2.913.353.384.780
159.710.875.848
33.892.513.656
-
11.902.486.670
205.505.876.174
2.900.565.467
310.649.679
-
43.171.085.153
3.754.054.710
-
772.671.282.323
216.240.109.607
-
1.554.253.434.832
-
(9.143.915.253 )
-
4.430.515.391
37.781.224.610
Accumulated
Depreciation
Building
Telecommunication
equipment
Telecommunication
facilities
Transportation
equipment
Office equipment and
fixtures
988.911.391.930
Total Accumulated
Depreciation
3.307.202.072.332
Net Book Value
3.211.215.146
29
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
10. ASET TETAP (Lanjutan)
10. FIXED ASSETS (Continued)
Aset tetap pada tanggal 31 Desember 2009, 2008
dan 2007 digunakan sebagai jaminan pinjaman
yang diperoleh dari Credit Suisse dan hutang
obligasi (Catatan 14, 19 dan 21).
As of December 31, 2009 2008 and 2007,
fixed assets are used as collateral for loans from
Credit Suisse and bonds payable (Notes 14, 19
and 21).
Beban penyusutan yang dibebankan ke beban
usaha untuk tahun yang berakhir pada tanggaltanggal 31 Desember 2009, 2008 dan 2007,
masing-masing
sebesar Rp979.223.308.028,
Rp432.360.984.762 dan Rp216.240.109.607.
Depreciation expense charged to operations
for the years ended December 31, 2009, 2008
and 2007, amounted to Rp979,223,308,028,
Rp432,360,984,762 and Rp216,240,109,607,
respectively.
Pada tanggal 14 Mei 2009, Perusahaan
menandatangani perjanjian jual beli dengan
PT Solusi Tunas Pratama (STP) untuk penjualan
543 menara BTS dan fasilitas pendukungnya
(Catatan 41).
On May 14, 2009, the Company and PT Solusi
Tunas Pratama (STP) signed a sale and
purchase agreement for 543 telecommunication
towers and its supporting facilities (Note 41).
Kapitalisasi
beban
pinjaman
bank
dan
hutang obligasi yang terjadi pada tahun
2008 dan 2007 masing-masing sebesar
Rp38.401.066.044 dan Rp82.782.442.146 (nihil
pada tahun 2009).
Total capitalize borrowing cost of bank
loan and bonds payable in 2008 and
2007 amounted to Rp38,401,066,044 and
Rp82,782,442,146, respectively (nil in 2009).
Aset
dalam
penyelesaian
pada
tanggal
31 Desember 2009, 2008 dan 2007 merupakan
peralatan telekomunikasi dan fasilitas yang
sedang
dipasang
dengan
persentase
penyelesaian sebagai berikut:
Construction-in-progress as of December 31,
2009,
2008
and
2007
represents
telecommunication equipment and facilities that
were being installed with the following
percentage of completion:
2009
Deskripsi
Peralatan telekomunikasi
Jabodetabek
Jawa Timur
Jawa Barat
Sumatera
Jawa Tengah
Kalimantan & Sulawesi
Fasilitas telekomunikasi
Jabodetabek
Jawa Timur
Jawa Barat
Sumatera
Jawa Tengah
Kalimantan & Sulawesi
Penyelesaian /
Completion
%
Nilai Tercatat /
Book Value
88%
Estimasi Penyelesaian /
Estimated Completion
Maret / March 2010
177.957.505.816
53.616.542.477
52.627.331.229
42.696.288.697
28.582.085.064
22.705.775.046
Telecommunication equipment
Jabodetabek
East Java
West Java
Sumatera
Central Java
Kalimantan & Sulawesi
Telecommunication facilities
Jabodetabek
East Java
West Java
Sumatera
Central Java
Kalimantan & Sulawesi
880.870.782.076
Total
242.085.434.447
70.203.030.066
71.591.661.430
52.150.822.335
38.881.678.190
27.772.627.279
88%
Jumlah
Description
Maret / March 2010
2008
Deskripsi
Peralatan telekomunikasi
Jabodetabek
Jawa Timur
Jawa Barat
Sumatera
Jawa Tengah
Kalimantan & Sulawesi
Penyelesaian /
Completion
%
Nilai Tercatat /
Book Value
73%
Estimasi Penyelesaian /
Estimated Completion
Juni / June 2009
465.853.887.768
160.058.297.787
130.152.668.463
126.361.814.042
103.195.481.468
68.235.379.583
Description
Telecommunication equipment
Jabodetabek
East Java
West Java
Sumatera
Central Java
Kalimantan & Sulawesi
30
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
10. ASET TETAP (Lanjutan)
10. FIXED ASSETS (Continued)
2008
Deskripsi
Fasilitas telekomunikasi
Jabodetabek
Jawa Timur
Jawa Barat
Sumatera
Jawa Tengah
Kalimantan & Sulawesi
Penyelesaian /
Completion
%
Nilai Tercatat /
Book Value
73%
Jumlah
Estimasi Penyelesaian /
Estimated Completion
Juni / June 2009
Description
183.040.110.795
62.889.007.325
51.138.692.799
49.649.216.310
40.546.859.986
26.810.576.806
Telecommunication facilities
Jabodetabek
East Java
West Java
Sumatera
Central Java
Kalimantan & Sulawesi
1.467.931.993.132
Total
2007
Deskripsi
Peralatan telekomunikasi
Jabodetabek
Jawa Barat
Jawa Tengah
Jawa Timur
Sumatera
Kalimantan & Sulawesi
Fasilitas telekomunikasi
Jabodetabek
Jawa Barat
Jawa Tengah
Jawa Timur
Sumatera
Kalimantan & Sulawesi
Jumlah
Penyelesaian /
Completion
%
Nilai Tercatat /
Book Value
89%
Estimasi Penyelesaian /
Estimated Completion
Juni / June 2008
Description
81.575.898.833
77.047.830.331
32.925.913.952
32.925.913.952
32.925.913.952
472.108.987
Telecommunication equipment
Jabodetabek
West Java
Central Java
East Java
Sumatera
Kalimantan & Sulawesi
Telecommunication facilities
Jabodetabek
West Java
Central Java
East Java
Sumatera
Kalimantan & Sulawesi
1.093.836.407.207
Total
264.449.033.581
249.770.147.341
106.737.728.288
106.737.728.288
106.737.728.288
1.530.461.414
89%
Juni / June 2008
Manajemen berkeyakinan bahwa tidak ada
hambatan berarti yang dapat mengganggu
penyelesaian atas aset-aset tersebut.
The management believes that there are no
hindrances to the completion of the above noted
assets.
Aset tetap diasuransikan dalam satu paket
dengan persediaan terhadap risiko fisik, alam dan
risiko usaha lainnya berdasarkan suatu paket
polis tertentu kepada beberapa perusahaan
asuransi (Catatan 6), dengan nilai pertanggungan
masing-masing sebesar USD650.000.000 dan
Rp4.740.500.000 pada tanggal 31 Desember
2009, USD534.279.957 dan Rp3.890.500.000
pada tanggal 31 Desember 2008 dan
USD329.903.530 dan Rp1.627.000.000 pada
tanggal 31 Desember 2007.
Fixed assets as well as inventories are insured
against risk of physical, natural and other
business risks based on certain blanket policies
with various insurance companies (Note 6) with
total sum insured of USD650,000,000 and
Rp4,740,500,000 as of December 31, 2009 and
USD534,279,957 and Rp3,890,500,000 as of
December 31, 2008 and USD329,903,530 and
Rp1,627,000,000 as of December 31, 2007.
Manajemen Perusahaan berkeyakinan bahwa
nilai pertanggungan tersebut adalah cukup untuk
menutup kemungkinan kerugian atas aset yang
dipertanggungkan.
The Company’s management believes that this
sum insured is adequate to cover the possibilities
of loss on insured assets.
Berdasarkan evaluasi manajemen, tidak terdapat
kejadian-kejadian atau perubahan-perubahan
keadaan
yang
mengindikasikan
adanya
penurunan nilai aset Perusahaan.
Based on the evaluation of the management,
there are no events or changes in circumstances
that indicate an impairment in the value of the
Company’s assets.
31
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
11. BEBAN DITANGGUHKAN
11. DEFERRED CHARGES
Akun ini merupakan biaya-biaya yang dikeluarkan
dalam pengembangan proyek telekomunikasi
CDMA 2000 1X, pengembangan merek Esia dan
Wifone. Beban ditangguhkan dari pengembangan
merek dan penjualan serta pengembangan
teknologi adalah sebesar Rp10.318.245.034
pada tanggal 31 Desember 2007 (nihil pada
tahun 2009 dan 2008).
This account represents expenses for the
development of telecommunication CDMA 2000
1X project, Esia and Wifone brand. Deferred
charges from brand development and selling
and technology development amounted to
Rp10,318,245,034 as of December 31, 2007
(nil in 2009 and 2008).
Amortisasi
beban
ditangguhkan
masingmasing
sebesar
Rp10.318.245.034
dan
Rp10.824.415.219 untuk tahun yang berakhir
pada tanggal-tanggal 31 Desember 2008 dan
2007 dicatat sebagai bagian dari “Beban
Operasional Lainnya” dalam laporan laba rugi.
Amortization of deferred charges amounted to
Rp10,318,245,034 and Rp10,824,415,219 for the
years ended December 31, 2008 and 2007,
respectively, and were recorded as part of “Other
Operating Expense” account in statements of
income.
12. ASET DERIVATIF
12. DERIVATIVE ASSETS
Akun ini terdiri dari:
This account consists of:
2009
Jumlah yang
Dilindung Nilai/
Hedged Amount
(USD)
Amortization Swap
Call Option Swap
Collar Swap
Jumlah
Nilai Wajar/
Fair Value
(Rp)
48.414.042
52.150.758
38.310.400
25.756.562.894
32.405.509.463
11.816.430.965
Amortization Swap
Call Option Swap
Collar Swap
138.875.200
69.978.503.322
Total
2008
Jumlah yang
Dilindung Nilai/
Hedged Amount
(USD)
Amortization Swap
Call Option Swap
Collar Swap
Jumlah
Nilai Wajar/
Fair Value
(Rp)
50.549.243
54.450.757
40.000.000
178.755.293.182
207.497.556.124
137.486.222.381
Amortization Swap
Call Option Swap
Collar Swap
145.000.000
523.739.071.687
Total
2007
Jumlah yang
Dilindung Nilai/
Hedged Amount
(USD)
Amortization Swap
Call Option Swap
Collar Swap
Jumlah
Nilai Wajar/
Fair Value
(Rp)
50.549.243
54.450.757
40.000.000
82.785.077.330
94.707.036.758
71.729.648.328
Amortization Swap
Call Option Swap
Collar Swap
145.000.000
249.221.762.416
Total
32
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
12. ASET DERIVATIF (Lanjutan)
12. DERIVATIVE ASSETS (Continued)
Berikut ini adalah rincian kontrak Swap:
The following are the details of the swap
contracts:
a. Amortization Swap
a. Amortization Swap
Pada tanggal 28 Juni 2007, Perusahaan
menandatangani kontrak amortisasi swap
dengan Credit Suisse dengan jumlah
nosional sebesar USD50.549.243 dan kurs
Rp9.062/USD. Berdasarkan kontrak amortisasi
swap,
Perusahaan
menyetujui
untuk
membayar sesuai dengan IDR Amortization
Notional Schedule setiap tiga (3) bulan pada
tanggal 2 Juli, 2 Oktober, 2 Januari dan 2 April
setiap tahun, dimulai pada tanggal 2 Oktober
2009 sampai dengan tanggal penyelesaian
pada tanggal 2 Juli 2012. Berdasarkan kontrak
tersebut,
Perusahaan
akan
melakukan
pembayaran bunga setiap tiga (3) bulan yang
dimulai pada tanggal 2 Oktober 2007 dan
berakhir pada tanggal penyelesaian dengan
tingkat bunga 3,35 % per tahun, yang dapat
disesuaikan dengan hari kerja.
b. Call Option Swap
On June 28, 2007, the Company entered
into an amortization swap contract with
Credit Suisse with the notional amount of
USD50,549,243 at initial foreign exchange
rate of Rp9,062/USD. Based on the contract,
the Company agreed to pay using the IDR
Amortization Notional schedule in quarterly
intervals, every July 2, October 2, January 2
and April 2 in each year, commencing on
October 2, 2009 until the termination date
of July 2, 2012. The contract provided for
the Company to make quarterly interest
payments commencing on October 2, 2007
and ending on the termination date at
3.35% per annum, subject to adjustment
in accordance with the business day
convention.
b. Call Option Swap
Pada tanggal 19 Juli 2007, Perusahaan
menandatangani ”Call Option Swap” dengan
Credit Suisse dengan jumlah nosional sebesar
USD39.450.757. Berdasarkan kontrak call
option swap, Perusahaan dapat menggunakan
call option swap pada tanggal yang tertera di
skedul nosional (tanggal pelaksanaan). Jika
kurs sesuai dengan “Reference Foreign
Exchange Rate’’ (RFER) sama dengan atau
lebih besar dari Rp9.100/USD (strike rate);
Credit Suisee akan membayar “Reference
Currency Option Amount” (amortisasi USD)
dan Perusahaan membayar “IDR Option
Amount” (Reference Currency Option Amount
x Stike Rate); jika RFER lebih rendah daripada
strike rate, tidak ada pembayaran untuk kedua
belah pihak.
On July 19, 2007, the Company entered
into a call option swap with Credit Suisse with
the notional amount of USD39,450,757.
Based on the contract, the Company may
exercise the call option swap at the dates
listed in the notional schedule (exercise date).
If the exchange rate on the “Reference
Foreign Exchange Rate” (RFER) is equal or
greater than Rp9,100/USD (strike rate);
Credit Suisse pays the “Reference Currency
Option Amount” (USD amortization) and the
Company pays the “IDR Option Amount”
(Reference Currency Option Amount x Strike
Rate); if the RFER is lower than the strike
rate, no payment is required by either party.
Berdasarkan kontrak, pembayaran bunga
dilakukan setiap 3 (tiga) bulan dimulai pada
tanggal 2 Oktober 2007 dan berakhir pada
tanggal 2 Juli 2012 dengan tingkat bunga
3,75% per tahun.
The contract provided for the making of
quarterly interest payments commencing on
October 2, 2007 and ending on the
termination date of July 2, 2012 at 3.75% per
annum.
33
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
12. ASET DERIVATIF (Lanjutan)
12. DERIVATIVE ASSETS (Continued)
Pada tanggal 11 Desember 2007, Perusahaan
menandatangani “Call Option Swap” dengan
Credit Suisse dengan nilai nosional sebesar
USD15.000.000. Dalam kontrak tersebut
dinyatakan
bahwa
pembayaran
bunga
dilakukan setiap tiga (3) bulan dimulai pada
tanggal 2 Januari 2008 dan berakhir pada
tanggal 2 Juli 2012 dengan tingkat bunga
4,70% per tahun, yang akan disesuaikan
dengan hari kerja.
c. Collar Swap
On December 11, 2007, the Company
entered into Call Option Swap with Credit
Suisse with the notional amount of
USD15,000,000. The contract provided for
the making of quarterly interest payments
commencing on January 2, 2008 and ending
on the termination date of July 2, 2012 at
4.70% per annum, subject to adjustment in
accordance
with
the
business
day
convention.
c. Collar Swap
Pada tanggal 19 September 2007, Perusahaan
menandatangani “Collar Swap” dengan
Credit Suisse dengan jumlah nosional
USD40.000.000.
Berdasarkan
kontrak
tersebut, Perusahaan menggunakan collar
swap pada tanggal yang tertera di skedul
nosional
(tanggal
pelaksanaan).
Jika
“Reference Foreign Exchange Rate” (RFER)
sama dengan atau lebih besar dari
Rp9.200/USD (strike rate) atau jika RFER
sama dengan atau lebih kecil
dari
Rp9.000/USD (strike rate); Credit Suisse akan
membayar “Reference Currency Option
Amount” (amortisasi USD) dan Perusahaan
membayar “IDR Option Amount” (Reference
Currency Option Amount x Strike Rate).
On September 19, 2007, the Company
entered into a collar swap contract with
Credit Suisse with the notional amount of
USD40,000,000. Based on the contract, the
Company may exercise the collar swap at the
dates listed in the Notional schedule (exercise
date). If the “Reference Foreign Exchange
Rate” (RFER) is equal to or greater than
Rp9,200/USD (strike rate) or if the “Reference
Foreign Exchange Rate” (RFER) is equal to
or less than Rp9,000/USD (strike rate);
Credit Suisse pays the “Reference Currency
Option Amount” (USD amortization) and the
Company pays the “IDR Option Amount”
(Reference Currency Option Amount x Strike
Rate).
Berdasarkan kontrak, pembayaran bunga
dilakukan setiap 3 (tiga) bulan dimulai pada
tanggal 2 Oktober 2007 dan berakhir pada
tanggal 2 Juli 2012 dengan tingkat bunga
4,10% per tahun.
The contract provided for the making of
quarterly interest payments commencing on
October 2, 2007 and ending on the
termination date of July 2, 2012 at 4.10% per
annum.
Nilai wajar instrumen lindung nilai yang
belum mempengaruhi laba rugi disajikan
pada cadangan lindung nilai di bagian
ekuitas. Kontrak amortization swap, call
option swap dan collar swap Perusahaan
memenuhi kriteria dan dinilai sangat efektif
sebagai lindung nilai arus kas untuk pokok
pinjaman jangka panjang dari Credit Suisse,
sehingga laba yang belum terealisasi
masing-masing sebesar Rp41.849.654.706,
Rp269.599.531.383 dan Rp217.077.222.113
pada tanggal 31 Desember 2009, 2008 dan
2007 dicatat sebagai bagian dari ekuitas.
The fair value of the hedging instrument.
which has not yet affected the profit and loss
is presented under hedging reserve in the
equity section. The Company’s amortization
swap, call option swap and collar swap
contracts are designated and assessed to be
highly effective as cash flow hedge for longterm loan principal from Credit Suisse, thus
the net unrealized gain of Rp41,849,654,706,
Rp269,599,531,383 and 217,077,222,113, as
of December 31, 2009, 2008 and 2007,
respectively, were included as part of equity.
34
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
13. KAS YANG DIBATASI PENGGUNAANNYA
13. RESTRICTED CASH IN BANK
Kas yang dibatasi penggunaannya yaitu
saldo bank di Credit Suisse yang dibentuk
sehubungan dengan fasililitas kredit yang
diperoleh Perusahaan. Akun ini akan digunakan
untuk membayar angsuran pokok pinjaman
termasuk bunga untuk jatuh tempo kurang
atau lebih dalam satu tahun (Catatan 14 dan 19).
Jumlah kas yang dibatasi penggunaannya
pada tanggal 31 Desember 2009, 2008 dan 2007
masing-masing sebesar Rp 39.745.869.788,
Rp31.856.593.772 dan Rp27.402.489.199.
14. PINJAMAN BANK JANGKA PENDEK
Restricted cash in bank pertains to balance
of bank accounts in Credit Suisse that are
required to be made available for the purposes
of the credit facilities obtained by the Company.
This account will be used for principal
installments including interest for current
maturity (Notes 14 and 19). The total outstanding
balance of restricted cash in bank as of
December 31, 2009, 2008 and 2007 amounted to
Rp39,745,869,788,
Rp31,856,593,772
and
Rp27,402,489,199, respectively.
14. SHORT-TERM BANK LOAN
Akun ini terdiri dari:
This account consists of:
2009
Credit Suisse AG,
Singapore Branch
2008
2007
235.000.000.000
-
-
Credit Suisse AG,
Singapore Branch
Perjanjian Pinjaman dengan Credit Suisse
Credit Suisse Facility Agreement
Pada tanggal 16 Desember 2009, Perusahaan
menandatangani perjanjian pinjaman dengan
Credit Suisse AG, cabang Singapura (Credit
Suisse) dengan jumlah pinjaman sebesar
USD25.000.000 untuk jangka waktu dua belas
(12) bulan sejak tanggal penarikan pinjaman.
Pinjaman ini dikenakan bunga 9% p.a. ditambah
LIBOR untuk bulan Januari sampai dengan
Juni 2010 dan 11% p.a. untuk bulan Juli sampai
dengan Desember 2010.
On December 16, 2009, the Company entered
into a loan agreement by Credit Suisse,
Singapore branch (Credit Suisse) with an
aggregate amount equal to USD25,000,000
payable in twelve (12) months. This loan is
subject to interest of 9% p.a. plus LIBOR for
January up to June 2010 and 11% p.a. for July
up to December 2010.
Pinjaman tersebut hanya digunakan untuk hal-hal
sebagai berikut:
The loan proceeds may only be used for the
following:
1.
Membayar jasa dan biaya-biaya sehubungan
dengan fasilitas kredit;
1.
Payment of any fees and expenses under or
in connection with the credit facility;
2.
Mendanai Debt Service Accrual Account
(DSAA) sampai dengan jumlah yang sama
dengan jumlah Debt Service Accrual
Required Amount (DSARA) tersebut;
2.
Funding of the Debt Service Accrual Account
(DSAA) up to an amount equal to the Debt
Service Accrual Required Amount (DSARA)
amount;
3.
Mendanai pengeluaran modal Perusahaan.
3.
Funding capital
Company.
expenditures
of
the
Sesuai dengan perjanjian pinjaman, Perusahaan
diwajibkan untuk memenuhi batasan-batasan
tertentu, antara lain batasan rasio keuangan.
Pada tanggal 31 Desember 2009, manajemen
Perusahaan berkeyakinan bahwa seluruh batasan
telah dipenuhi.
In accordance with loan agreement, the
Company is required to comply with certain
covenants, such as financial rasio covenants.
As of December 31, 2009, the Company’s
management believes that all covenants of the
loan are fully complied with.
Aset tetap Perusahaan digunakan
jaminan untuk fasilitas pinjaman ini.
Fixed asset of the Company’s used as collateral
for the credit facility.
sebagai
35
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
15. HUTANG USAHA
15. TRADE PAYABLES
Akun ini terdiri dari:
This account consists of:
2009
Pihak ketiga
Mata uang asing
PT Huawei Tech. Investment
(Catatan 39a)
Huawei International Pte. Ltd.
Huawei Tech.
Investment Co. Ltd.
PT Nortel Networks Indonesia
Nortel Networks (NTT)
PT NEC Indonesia
PT Lintas Teknologi
Indonesia
PT Packet Systems Indonesia
Telesoft Neutek Pvt. Ltd.
PT Harrisma Informatika Jaya
PT Datacraft Indonesia
Redknee (Ireland) Limited
ONmobile Global Ltd
PT Media Intertel Graha
PT Hariff Daya Tunggal
Engineering
PT Berca Hardaya Perkasa
White & Case PC
Ceragon Network Inc.
(Catatan 39k)
PT Wahana Cipta Sinatria
Terrabit Networks Pte. Ltd.
PT Sisindokom Lintas
Buana
Fresnel Microwave
Systems Ltd.
Intervoice Ltd
PT Dwinet Utama
PT Emerson Indonesia
PT Subur Sakti Putera
PT Dwiwarna Metalindo
PT Altrak 1978
Lain-lain (dibawah
Rp 500 juta)
Sub-jumlah
Rupiah
PT Dian Mentari Pratama
PT Solusi Tunas Pratama
PT Huawei Tech Investment
PT Nortel Networks
Indonesia
Ditjen Postel
PT Dunia Tehnik
PT Sempurna Delapan
PT NEC Indonesia
PT Pura Barutama
CV Waluyo
PT Indomedia Outdoor
PT Lintas Teknologi
Indonesia
PT Aquarius Musikindo
PT Trinity Optima Production
PT Kreatif Bersama
PT Alpine Cool Utama
PT Tower Bersama
PT Sony BMG Music Entertainment
Indonesia
2008
2007
176.939.823.058
161.303.856.434
7.467.036.144
69.758.196.776
24.574.556.990
-
107.527.831.942
93.405.325.324
89.549.268.910
44.506.966.845
30.114.600.101
128.200.907.375
67.918.929.840
7.080.612.299
-
10.721.741.182
3.849.919.965
3.842.664.976
3.593.330.600
3.263.425.129
3.200.813.558
2.212.038.978
3.064.994.641
12.139.265.852
834.270.000
304.684.229
6.375.485.584
6.063.523.418
2.542.008.401
2.161.156.186
2.096.845.841
3.931.829.990
-
-
2.042.061.022
1.303.272.000
1.038.620.000
17.248.884.984
274.793.978
-
16.047.737.489
-
831.928.473
1.411.332.170
1.977.133.398
678.361.165
-
678.361.165
1.482.898.932
1.455.255.000
1.344.384.371
788.400.000
664.217.807
574.585.475
678.361.165
-
19.347.859.731
53.543.645.408
56.920.658.525
739.024.114.361
406.511.965.181
113.342.583.284
29.889.727.873
12.673.906.356
12.365.135.333
10.663.474.552
63.769.168
534.193.550
-
11.968.323.313
8.503.232.064
6.906.281.350
6.628.759.469
5.338.011.770
4.166.250.000
3.629.470.209
3.423.497.500
3.260.858.661
1.796.949.400
4.488.278.726
6.227.786.524
1.261.631.250
5.348.954.669
1.562.179.800
2.445.834.115
941.380.000
3.371.073.901
132.370.000
3.309.112.427
2.639.573.713
2.353.827.253
2.478.560.865
2.527.872.581
2.352.503.084
1.208.789.919
1.047.953.025
940.917.638
1.891.662.951
151.744.986
879.137.970
2.312.071.305
398.869.537
-
Third parties
Foreign currencies
PT Huawei Tech. Investment
(Note 39a)
Huawei International Pte. Ltd.
Huawei Tech.
Investment Co. Ltd.
PT Nortel Networks Indonesia
Nortel Networks (NTT)
PT NEC Indonesia
PT Lintas Teknologi
Indonesia
PT Packet System Indonesia
Telesoft Neutek Pvt. Ltd.
PT Harrisma Informatika Jaya
PT Datacraft Indonesia
Redknee (Ireland) Limited
ONmobile Global Ltd
PT Media Intertel Graha
PT Hariff Daya Tunggal
Engineering
PT Berca Hardaya Perkasa
White & Case PC
Ceragon Network Inc.
(Note 39k)
PT Wahana Cipta Sinatria
Terrabit Networks Pte. Ltd.
PT Sisindokom Lintas
Buana
Fresnel Microwave
Systems Ltd.
Intervoice Ltd
PT Dwinet Utama
PT Emerson Indonesia
PT Subur Sakti Putera
PT Dwiwarna Metalindo
PT Altrak 1978
Others (each below
Rp500 million)
Sub-total
Rupiah
PT Dian Mentari Pratama
PT Solusi Tunas Pratama
PT Huawei Tech Investment
PT Nortel Networks
Indonesia
Ditjen Postel
PT Dunia Tehnik
PT Sempurna Delapan
PT NEC Indonesia
PT Pura Barutama
CV Waluyo
PT Indomedia Oudoor
PT Lintas Teknologi
Indonesia
PT Aquarius Musikindo
PT Trinity Optima Production
PT Kreatif Bersama
PT Alpine Cool Utama
PT Tower Bersama
PT Sony BMG Music
Entertainment Indonesia
36
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
15. HUTANG USAHA (Lanjutan)
15. TRADE PAYABLES (Continued)
2009
Deparpostel
PT Dian Swastatika Sentosa
PT Raba Komunikatama
PT Musica Studio's
PT Code Jawa
PT Lumbung Dwi Pratama
PT Idea Kreasi Indonesia
PT Warner Music Indonesia
Koperasi Karyawan Mitra
Usaha Dinamika
PT Jaring Citra Media
PT Listakwarta Putra
PT Sakabaja Panelindo
PT Widya Wahana
Pers Kopnatel Mekatel
PT Batra Langgeng Nusantara
PT Solusindo Kreasi Pratama
PT Isopanel Dunia
PT Citra Protecta Semesta
PT Fero Prima Abadi
CV Pro & Coo
PT Arthamas Karya Mandiri
PT Bali Telekom
PT Harrisma Informatika
Jaya
PT Mycom Networks
PT Naga Swarasakti
PT Ayama Cahaya Mandiri
PT Indomitra Global
PT Hariff Daya Tunggal
Engineering
PT Emerson Indonesia
PT Master Cipta Nusantara
PT Putranusa Telecom
(P-Com)
PT Empat Trans Aksara
PT Media Intertel Graha
PT Nuansa Mitra Sarana
Nusantara
PT Biang Gambar
PT Ciptakarya Mitra Mandiri
PT Geoactive Indonesia
PT Pos Indonesia
PT Wahana Prestasi
Logistik
PT Sarana Inti Persada
PT Krida Cakti Swasana
PT Telenet Internusa
PT Cahaya Arif Abadi
PT Infimedia Solusi Pratama
PT Kawan Lama Sejahtera
PT Integrated Cards Solution
PT Binatek Reka Energi
PT Kausyar Rizki Lestari
PT Tri Ahmadi Karya
PT Westindo Esa Perkasa
PT Nasio Karya Pratama
PT Gayatri
PT Dawamiba Engineering
PT Megah Makmur
PT Tower Capital Indonesia
PT Mitracomm Ekasarana
PT Grahamitra Lestarijaya
PT Trend Communications
International
PT Nextindo Agranusa
PT Wahana Cipta Sinatria
PT Global Muda Mandiri
PT Profesional
Telekomunikasi Indonesia
2008
2007
2.165.314.320
2.004.480.000
1.971.414.171
1.869.293.841
1.844.335.248
1.755.890.933
1.679.133.142
1.578.792.591
2.004.480.000
1.061.138.100
350.776.006
2.151.765
3.228.944.677
-
2.663.121.792
-
1.416.989.765
1.333.960.650
1.115.327.483
1.177.152.624
1.167.646.520
1.162.566.000
1.139.737.250
1.100.628.000
1.108.488.000
1.097.679.263
1.096.631.050
1.022.983.048
979.509.404
912.087.000
1.243.248.788
16.500.000
334.313.300
148.452.500
1.143.767.962
159.677.419
1.118.610.000
626.804.933
556.319.911
807.321.774
446.105.000
1.384.401.700
218.700.000
173.127.428
385.045.650
669.025.000
866.913.326
813.507.813
807.539.882
793.731.000
724.906.627
304.684.229
1.162.669.563
439.571.941
780.172.500
1.937.415.912
107.354.727
1.596.351.287
456.224.085
667.617.848
633.677.882
610.795.562
337.654.966
458.338.265
617.704.869
-
608.023.800
584.002.007
578.373.233
663.390.000
1.467.071.582
501.974.499
-
560.602.200
483.326.250
470.822.948
440.775.000
385.199.011
463.968.000
320.501.500
275.882.570
290.063.900
231.087.199
266.469.500
414.010.296
236.044.900
383.376.465
349.380.000
338.594.643
325.172.571
324.000.000
305.856.000
300.809.905
300.069.000
275.462.853
266.490.000
252.720.000
252.577.136
237.835.073
237.231.111
232.079.287
218.965.710
193.860.000
181.444.260
151.505.500
383.376.465
204.033.334
854.212.112
232.585.714
545.962.500
736.812.000
617.727.900
371.954.000
283.067.472
911.495.500
353.847.000
1.091.599.278
410.193.538
699.631.600
232.079.287
435.187.500
299.250.000
450.045.065
213.854.231
105.289.000
359.279.287
526.652.308
-
151.200.000
137.717.890
123.943.274
101.584.800
207.255.834
291.090.589
274.793.978
569.229.235
211.884.492
-
4.796.084.147
858.745.161
Deparpostel
PT Dian Swastatika Sentosa
PT Raba Komunikatama
PT Musica Studio's
PT Code Jawa
PT Lumbung Dwi Pratama
PT Idea Kreasi Indonesia
PT Warner Music Indonesia
Koperasi Karyawan Mitra
Usaha Dinamika
PT Jaring Citra Media
PT Listakwarta Putra
PT Sakabaja Panelindo
PT Widya Wahana
Pers Kopnatel Mekatel
PT Batra Langgeng Mekatel
PT Solusindo Kreasi Pratama
PT Isopanel Dunia
PT Citra Protecta Semesta
PT Fero Prima Abadi
CV Pro & Coo
PT Arthamas Karya Mandiri
PT Bali Telkom
PT Harrisma Informatika
Jaya
PT Mycom Networks
PT Naga Swarasakti
PT Ayama Cahaya Mandiri
PT Indomitra Global
PT Hariff Daya Tunggal
Engineering
PT Emerson Indonesia
PT Master Cipta Nusantara
PT Putranusa Telecom
(P-Com)
PT Empat Trans Aksara
PT Media Intertel Graha
PT Nuansa Mitra Sarana
Nusantara
PT Biang Gambar
PT Ciptakarya Mitra Mandiri
PT Geoactive Indonesia
PT Pos Indonesia
PT Wahana Prestasi
Logistik
PT Sarana Inti Persada
PT Krida Cakti Swasana
PT Telenet Internusa
PT Cahaya Arif Abadi
PT Infimedia Solusi Pratama
PT Kawan Lama Sejahtera
PT Integrated Cards Solution
PT Binatek Reka Energi
PT Kausyar Rizki Lestari
PT Tri Ahmadi Karya
PT Westindo Esa Perkasa
PT Nasio Karya Pratama
PT Gayatri
PT Dawamiba Engineering
PT Megah Makmur
PT Tower Capital Indonesia
PT Mitracomm Ekasarana
PT Grahamitra Lestarijaya
PT Trend Communications
International
PT Nextindo Agranusa
PT Wahana Cipta Sinatria
PT Global Muda Mandiri
PT Profesional
Telekomunikasi Indonesia
37
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
15. HUTANG USAHA (Lanjutan)
15. TRADE PAYABLES (Continued)
2009
PT Meridian Sinergi Pratama
PT Vidyanusa Hutami Sentosa
PT Tridaya Karya Perkasa
PT Infokom Elektrindo
CV Nobelindo
PT Dwi Pilar Pratama
PT Indonusa Mega Global
Telecom
PT NTT Indonesia
Ang Tiong Liem/
Halim Wijaya
PT Inka Lima
PT Tanjung Putra Pertiwi
PT Mas Persada Jaya
PT Tri Habta Dana
PT Tritech Consul
PT Caturdaya Perkasa
Pratama
PT Salwa Anugerah
Semesta
PT Mandana Jati Mandiri
PT Global Sarana Sukses
PT Dwiwarna Metalindo
PT Binareka Tata Mandiri
PT Himada Karya
PT Nusa Infotech Sejahtera
Fresel Microwave System Ltd
PT E Titik Tiga Komando
CV Studio 190
PT Tri Pura Sakti
PT Hotel Indonesia Natour
PT Netra Setya Waskita
PT Blubiru Aktivasi Media
PT Indomax Mediacom
Lain-lain (dibawah Rp100 juta)
Sub-jumlah
Beban interkoneksi
(Catatan 37)
PT Mobile-8 Telecom Tbk
PT Indosat Tbk
PT Excelcomindo Pratama Tbk
PT Telekomunikasi
Indonesia (Persero) Tbk
PT Smart Telecom
Sub-jumlah
Jumlah pihak ketiga
Hubungan istimewa
PT Multi Kontrol Nusantara
Perhimpunan Penghuni ATR
PT Bakrie & Brothers
PT Cakrawala Andalas Televisi
PT Bakrie Swasakti Utama
PT Dinamika Nusantara Bestari
PT Rasuna Caturtama Corporation
PT Bakrie Pesona Rasuna
PT Bakrie Corrugated
Metal Industry
Jumlah hubungan istimewa
Jumlah
2008
2007
-
3.575.000.000
1.461.491.500
871.128.000
764.742.660
655.575.920
640.839.600
-
608.081.695
537.495.000
-
500.000.000
461.125.000
451.500.000
408.348.000
378.314.820
377.360.000
-
374.346.344
35.562.025.319
362.259.000
316.710.948
316.029.658
311.767.692
297.864.129
280.260.000
258.600.600
257.590.800
248.771.364
243.040.000
232.880.682
225.000.000
212.362.276
209.776.349
200.079.660
19.806.975.930
205.399.871.954
114.527.420.356
- PT Meridian Sinergi Pratama
- PT Vidyanusa Hutami Sentosa
PT Tridaya Karya Perkasa
PT Infokom Elektrindo
CV Nobelindo
PT Dwi Pilar Pratama
PT Indonusa Mega Global
Telecom
175.034.713
PT NTT Indonesia
Ang Tiong Liem/
Halim Wijaya
PT Inka Lima
PT Tanjung Putra Pertiwi
PT Mas Persada Jaya
665.386.074
PT Tri Habta Dana
PT Tritech Consul
PT Caturdaya Perkasa
Pratama
PT Salwa Anugerah
Semesta
PT Mandana Jati Mandiri
222.715.011
PT Global Sarana Sukses
PT Dwiwarna Metalindo
PT Binareka Tata Mandiri
PT Himada Karya
PT Nusa Infotech Sejahtera
- Fresel Microwave System Ltd
PT E Titik Komando
CV Studio 190
PT Tri Pura Sakti
- PT Hotel Indonesia Nataour
PT Netra Setya Waskita
PT Blubiru Aktivasi Media
PT Indomax Mediacom
38.443.818.797 Others (below Rp100 million)
59.040.520.730
Sub-total
Interconnection expense
(Note 37)
27.643.279
PT Mobile-8 Telecom Tbk
85.119.870
PT Indosat Tbk
- PT Excelcomindo Pratama Tbk
PT Telekomunikasi
14.076.716.909
Indonesia (Persero) Tbk
6.989.165
PT Smart Telecom
458.496.807
86.363.450
58.273.820
27.643.279
86.363.450
1.776.838.536
-
-
603.134.077
1.890.845.265
14.196.469.223
945.027.120.392
522.930.230.802
186.579.573.237
1.354.333.730
390.534.134
127.163.279
48.484.423
10.312.180
10.193.774
1.252.743.270
829.200
127.163.279
48.484.423
417.307.655
10.193.774
7.568.648
3.613.500
7.568.648
16.931.936
-
13.500.000
1.952.203.668
1.894.722.185
4.867.117.654
Total related parties
946.979.324.060
524.824.952.987
191.446.690.891
Total
Sub-total
Total third parties
Related parties
4.724.310.523
PT Multi Kontrol Nusantara
829.200
Perhimpunan Penghuni ATR
PT Bakrie & Brothers
50.513.530 PT Cakrawala Andalas Televisi
10.000.000
PT Bakrie Swasakti Utama
10.802.889 PT Dinamika Nusantara Bestari
PT Rasuna Caturtama
7.568.648
Corporation
49.592.864
PT Bakrie Pesona Rasuna
PT Bakrie Corrugated
13.500.000
Metal Industry
38
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
15. HUTANG USAHA (Lanjutan)
15. TRADE PAYABLES (Continued)
Hutang usaha kepada PT Huawei Tech
Investment merupakan hutang atas pengadaan
peralatan
telekomunikasi
dengan
rincian
pembayaran
sebagai
berikut
(Catatan 39a):
2009
Saldo hutang
Dikurangi bagian jatuh tempo
dalam waktu satu tahun
Trade payables to PT Huawei Tech Investment
represent
supply
of
telecommunication
equipment with payment schedule as follows
(Note 39a):
2008
2007
60.908.437.400
219.974.392.211
(60.908.437.400 )
(149.022.531.748 )
Bagian hutang jangka panjang
-
70.951.860.463
Analisis umur hutang usaha adalah sebagai
berikut:
2009
261.822.064.536
(72.369.578.778 )
189.452.485.758
Outstanding payable
Less current maturities
Long-term portion
The aging schedule for trade payables was as
follows:
2008
2007
Sampai dengan 30 hari
Lebih dari 30 hari - 60 hari
Lebih dari 60 hari - 90 hari
Lebih dari 90 hari
217.485.006.618
83.324.022.439
112.606.082.512
533.564.212.491
68.656.775.129
264.441.348.663
95.185.690.807
96.541.138.388
71.510.437.621
73.344.312.307
3.526.337.760
43.065.603.203
Up to 30 days
Over 30 days - 60 days
Over 60 days - 90 days
Over 90 days
Jumlah
946.979.324.060
524.824.952.987
191.446.690.891
Total
16. HUTANG LAIN-LAIN
16. OTHER PAYABLES
Akun ini terdiri atas hutang kepada beberapa
pemasok individu adalah sebagai berikut:
2009
This account consists of payables to various
individual vendors as follows:
2008
2007
Dalam mata uang Rupiah
Dalam mata uang asing
6.003.254.633
2.065.363.058
5.597.066.026
1.372.727.094
7.509.868.346
2.450.336.723
In Rupiah currency
In foreign currencies
Jumlah
8.068.617.691
6.969.793.120
9.960.205.069
Total
Analisis umur hutang lain-lain adalah sebagai
berikut:
2009
The analysis of aging schedule for other
payables was as follows:
2008
2007
Sampai dengan 30 hari
Lebih dari 30 hari - 60 hari
Lebih dari 60 hari - 90 hari
Lebih dari 90 hari
4.989.899.527
1.315.364.090
223.390.233
1.539.963.841
2.775.009.596
2.543.963.561
171.628.624
1.479.191.339
4.645.132.258
3.981.745.686
55.876.465
1.277.450.660
Up to 30 days
Over 30 days - 60 days
Over 60 days - 90 days
Over 90 days
Jumlah
8.068.617.691
6.969.793.120
9.960.205.069
Total
17. UANG MUKA PELANGGAN
Uang muka pelanggan masing-masing sebesar
Rp34.212.754.408,
Rp55.830.572.733
dan
Rp41.518.821.506 pada tanggal 31 Desember
2009, 2008 dan 2007 merupakan uang muka
yang diterima dari agen dan dealer untuk
pembelian voucher elektronik.
17. CUSTOMERS’ DEPOSITS
Customers’
deposits
amounting
to
Rp34,212,754,408,
Rp55,830,572,733
and
Rp41,518,821,506 as of December 31, 2009,
2008 and 2007, respectively, mostly represent
guarantee deposits received from the agents and
dealers for purchasing electronic vouchers.
39
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
18. BEBAN MASIH HARUS DIBAYAR
18. ACCRUED EXPENSES
Akun ini terdiri dari:
This account consists of:
2009
Interkoneksi
Bunga
Royalti konsesi kepada
Departemen Komunikasi
dan Informatika Direktorat Jenderal
Pos dan Telekomunikasi
Persediaan
Jasa profesional
Retensi
Listrik dan air
Pemasaran dan promosi
Sewa
Lain-lain (masing-masing dibawah
Rp100 juta)
Jumlah
2008
2007
49.063.743.077
33.508.356.880
90.540.903.105
50.649.627.584
60.229.690.895
49.485.925.495
16.914.502.323
13.906.751.065
10.940.187.643
10.118.047.716
8.503.204.208
3.090.893.877
696.125.893
12.709.802.898
4.674.413.696
12.141.639.488
10.220.868.084
1.067.006.203
1.699.344.729
6.997.001.130
12.470.939.299
304.909.785
5.590.858.453
847.365.457
2.072.603.115
21.351.634.346
19.110.345.687
6.317.546.752
5.674.438.249
Interconnection
Interest
Concession royalty to
the Department of
Communication and
Informatics - the Directorate
General of Post
and Telecommunication
Inventory
Profesional fee
Retention
Electricity and water
Marketing and promotion
Rent
Others (each below
Rp100 million)
165.852.158.369
197.018.153.669
158.028.365.094
Total
Perusahaan
telah
mengadakan
perjanjian
kerjasama
interkoneksi
dengan
beberapa
operator telepon dimana Perusahaan diharuskan
membayar beban interkoneksi sesuai perjanjian
(Catatan 37).
The Company made interconnection network
agreements with certain telephone operators
under which the Company is obliged to pay
interconnection expenses based on the
agreements (Note 37).
Royalti konsesi kepada Departemen Komunikasi
dan Informatika - Direktorat Jenderal Pos dan
Telekomunikasi
merupakan
royalti
atas
penggunaan Biaya Hak Penyelenggaraan (BHP)
telekomunikasi dengan tarif sebesar 0,5%, 1%
dan 1% dari pendapatan bersih setelah dikurangi
beban penyisihan piutang ragu-ragu masingmasing pada tahun 2009, 2008 dan 2007,
ditambah dengan Kontribusi Kewajiban Pelayanan
Universal (KKPU) atau Universal Service
Obligation (USO) sebesar 1,25%, 0,75% dan
0,75% dari pendapatan bersih setelah dikurangi
beban penyisihan piutang ragu-ragu masingmasing pada tahun 2009, 2008 dan 2007.
Concession royalty to the Department of
Communication and Informatics - the Directorate
General of Post and Telecommunication
represents the royalty for using Expense of
Rights Management (ERM) Telecommunications
at a rate of 0.5%, 1% and 1% of net income after
the deduction of allowance for doubtful accounts
expense in 2009, 2008 and 2007, respectively,
plus an additional Universal Service Obligation
(USO) 1.25%, 0.75% and 0.75% of net income
after the deduction of allowance for doubtful
accounts expense in 2009, 2008 and 2007,
respectively.
19. PINJAMAN BANK JANGKA PANJANG
19. LONG-TERM BANK LOANS
Akun ini terdiri dari:
This account consists of:
2009
2008
2007
Credit Suisse
PT Bank Central Asia Tbk
1.305.426.880.000
2.610.990.095
1.587.750.000.000
1.913.175.874
1.365.755.000.000
-
Credit Suisse
PT Bank Central Asia Tbk
Jumlah
1.308.037.870.095
1.589.663.175.874
1.365.755.000.000
Total
Dikurangi bagian jatuh tempo
dalam waktu satu tahun
Credit Suisse
PT Bank Central Asia Tbk
240.164.984.820
842.529.850
25.729.531.436
511.929.050
-
Less current maturities
Credit Suisse
PT Bank Central Asia Tbk
Jumlah
241.007.514.670
26.241.460.486
-
Total
1.067.030.355.425
1.563.421.715.388
1.365.755.000.000
Long-term portion
Bagian jangka panjang
40
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
19. PINJAMAN BANK JANGKA PANJANG
(Lanjutan)
a. Credit Suisse
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
19. LONG-TERM BANK LOANS (Continued)
a. Credit Suisse
Pada tanggal 25 Juni 2007, Perusahaan
menandatangani perjanjian pinjaman dengan
beberapa lembaga keuangan asing yang
dikoordinir oleh Credit Suisse, cabang
Singapura (Credit Suisse) dan PT Danatama
Makmur (Danatama) dengan jumlah pinjaman
USD145.000.000
untuk
jangka
waktu
lima (5) tahun dengan tenggang waktu selama
dua (2) tahun dan masa pembayaran
angsuran pokok selama tiga (3) tahun.
Pinjaman ini dikenakan bunga 4% diatas
LIBOR per tahun untuk tahun pertama dan
kedua dan 4,5% diatas LIBOR per tahun untuk
tahun-tahun berikutnya. Bagian dari pinjaman
ini digunakan untuk melunasi pinjaman dari
PT Bank Mandiri (Persero) Tbk dan sisanya
digunakan untuk belanja modal. Seperti
yang
disyaratkan
dalam
perjanjian
pinjaman, Perusahaan mengadakan perjanjian
lindung nilai dengan satu lembaga keuangan
(Catatan 12).
On June 25, 2007, the Company entered into
a loan agreement with foreign financial
institutions. which was arranged by Credit
Suisse, Singapore branch (Credit Suisse) and
PT Danatama Makmur (Danatama) with an
aggregate amount equal to USD145,000,000
payable in five (5) years, with a two (2) years
grace period and three (3) years of
installment payments. This loan is subject to
interest of 4% plus LIBOR per annum for the
first and second year and 4.5% plus LIBOR
per annum for the years thereafter. Part of the
proceeds from this loan were used to settle
the outstanding loan balance from PT Bank
Mandiri (Persero) Tbk and the residual
balance was used for capital expenditures of
the Company. As a requirement of the loan
agreement, the Company entered into various
hedging contracts with a financial institution
(Note 12).
Pinjaman tersebut hanya bisa digunakan untuk
hal-hal sebagai berikut:
The loan proceeds may only be used for the
following:
1. Mendanai pembayaran kembali semua
pokok pinjaman dan semua jumlah
terhutang lainnya yang jatuh tempo yang
diperoleh dari fasilitas Bank Mandiri;
1. Funding of the prepayment by the
Company of all principal outstanding and
all other amounts due and payable under
the Bank Mandiri facility;
2. Membayar
jasa
dan
biaya-biaya
sehubungan dengan fasilitas Bank Mandiri;
2. Payment of any fees and expenses under
or in connection with the Bank Mandiri
facility;
3. Mendanai Debt Service Reserve Account
(DSRA) sampai dengan jumlah yang sama
dengan jumlah Debt Service Reserve
Required serta Debt Service Accrual
Account (DSAA) sampai dengan jumlah
yang sama dengan sepertiga dari jumlah
Debt Service Accrual Required (DSAR)
tersebut;
3. Funding of the Debt Service Reserve
Account (DSRA) up to an amount equal to
the Debt Service Reserve Required
Amount and the Debt Service Accrual
Account (DSAA) up to an amount equal to
one third of the Debt Service Accrual
Required (DSAR) amount;
4. Mendanai pengeluaran modal Perusahaan.
4. Funding capital
Company.
expenditures
of
the
41
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
19. PINJAMAN BANK JANGKA PANJANG
(Lanjutan)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
19. LONG-TERM BANK LOANS (Continued)
Sesuai
dengan
perjanjian
pinjaman,
Perusahaan diwajibkan untuk memenuhi
batasan-batasan tertentu, antara lain batasan
rasio keuangan. Manajemen Perusahaan
berkeyakinan
bahwa
pada
tanggal
31 Desember 2009, 2008 dan 2007 seluruh
batasan telah dipenuhi.
In accordance with loan agreement, the
Company is required to comply with certain
covenants, such as financial rasio covenants.
As of December 31, 2009, 2008 and 2007,
the Company’s management believes that all
covenants of the loans are fully complied with.
Rincian aset yang digunakan sebagai jaminan
atas pinjaman yang diperoleh dari Credit
Suisse adalah sebagai berikut:
The loan obtained from Credit Suisse is
collateralized by the following assets:
1. Jaminan fidusia atas piutang usaha
(saldo pada tanggal 31 Desember 2009,
2008 dan 2007 masing-masing sebesar
Rp94.468.973.285,
Rp120.970.886.696
dan Rp102.985.581.076) (Catatan 5).
1. Trade receivables were used as
collateralized as Fiducia (outstanding
balances as of December 31, 2009,
2008
and
2007
amounted
to
Rp94,468,973,285,
Rp120,970,886,696
and Rp102,985,581,076, respectively)
(Note 5).
2. Jaminan fidusia atas persediaan (saldo
pada tanggal 31 Desember 2009,
2008 dan 2007 masing-masing sebesar
Rp27.663.062.467, Rp35.757.977.390 dan
Rp18.426.917.943) (Catatan 6).
2. Inventories were used as collateralized as
Fiducia
(outstanding
balances
as
of December 31, 2009, 2008 and
2007 amounted to Rp27,663,062,467,
Rp35,757,977,390 and Rp18,426,917,943
respectively) (Note 6).
3. Nilai buku aset tetap (Catatan 10) dijadikan
jaminan fidusia setelah disisihkan untuk
jaminan obligasi (Catatan 21).
3. Net book value of fixed asset (Note 10)
were used as collateral for Fidusia after
reserved as collateral for bond (Note 21).
Pada tanggal 28 Juni 2007, 19 Juli 2007
dan 11 September 2007, Perusahaan
mencairkan
pinjaman
sebesar
USD50.549.243,
USD39.450.757
dan
USD55.000.000
atau
sejumlah
USD145.000.000,
Perusahaan
harus
membayar pinjaman tersebut secara penuh
tiap tiga bulan pada tanggal pembayaran
kembali angsuran dan dengan jumlah seperti
tertera dalam tabel berikut, dimulai pada
tanggal 2 Oktober 2009:
On June 28, 2007, July 19, 2007 and
September 19, 2007, the Company drew
down the amounts of USD50,549,243,
USD39,450,757
and
USD55,000,000,
respectively, or a total of USD145,000,000.
The Company must repay the loans quarterly
in full by paying repayment installments on
the dates and in the amounts set out in the
table below, commencing on October 2,
2009:
Tanggal pembayaran angsuran
Tanggal pembayaran ke 9 - 12
Tanggal pembayaran ke 13 - 16
Tanggal pembayaran ke 17 - 19
Tanggal pembayaran pada saat
jatuh tempo
Persentase
pembayaran angsuran /
Percentage of repayment
installment
Date on which the repayment
installment is to be paid
1.724%
5.172%
17.241%
The 9th - 12th payment date
The 13th - 16th payment date
The 17th - 19th payment date
20.693%
The final maturity date
42
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
19. PINJAMAN BANK JANGKA PANJANG
(Lanjutan)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
19. LONG-TERM BANK LOANS (Continued)
Tingkat suku bunga masing-masing pinjaman
untuk setiap jangka waktu adalah tingkat
persentase per tahun yang sama dengan
jumlah marjin yang dapat diterapkan dan
LIBOR. Perusahaan harus membayar bunga
yang masih harus dibayar atas setiap
pinjaman pada setiap tanggal pembayaran.
The rate of interest on each loan for each
term is the percentage rate per annum equal
to the aggregate of the applicable margin and
LIBOR. The Company must pay accrued
interest on each Loan on each payment date.
Selanjutnya, Perusahaan menandatangani
perubahan perjanjian pinjaman dengan Credit
Suisse mengenai persentase pembayaran
angsuran. Berdasarkan perubahan perjanjian
ini, pembayaran angsuran akan berubah
sebagai berikut:
Subsequently, the Company signed an
amended loan agreement with the Credit
Suisse
regarding
installment
payment
percentage. Based on the amendment, the
installment payments will change as follows:
Tanggal pembayaran angsuran
Persentase
pembayaran angsuran /
Percentage of repayment
installment
Tanggal pembayaran ke 9 - 12
Tanggal pembayaran ke 13 - 16
Tanggal pembayaran ke 17 - 19
Tanggal pembayaran pada saat
jatuh tempo
Date on which the repayment
installment is to be paid
4.224%
5.172%
14.741%
The 9th - 12th payment date
The 13th - 16th payment date
The 17th - 19th payment date
18.193%
The final maturity date
Sampai dengan Desember 31, 2009, jumlah
angsuran yang telah dibayarkan Perusahaan
adalah USD6.124.800.
As of December 31, 2009, total installment
has been paid by Company amounted
USD6,124,800.
Saldo pinjaman ini pada tanggal 31 Desember
2009, 2008 dan 2007 masing-masing sebesar
Rp1.305.426.880.000
(USD138.875.200),
Rp1.587.750.000.000 (USD145.000.000) dan
Rp1.365.755.000.000 (USD145.000.000).
Total outstanding balances of this loan
as of December 31, 2009, 2008 and
2007 amounted to Rp1,305,426,880,000
(USD138,875,200),
Rp1,587,750,000,000
(USD145,000,000) and Rp1,365,755,000,000
(USD145,000,000), respectively.
Pada tanggal 28 Mei 2009, Credit Suisse dan
Perusahaan melakukan perubahan perjanjian
pinjaman, perubahan tersebut sehubungan
dengan transaksi sewa-balik yang dilakukan
oleh Perusahaan (Catatan 20).
On May 28, 2009, Credit Suisse and the
Company entered into amendment loan
agreement, the amendment relating to sale
and leaseback transaction of the Company
(Note 20).
43
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
19. PINJAMAN BANK JANGKA PANJANG
(Lanjutan)
b. PT Bank Central Asia Tbk
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
19. LONG-TERM BANK LOANS (Continued)
b. PT Bank Central Asia Tbk
Pada tanggal 2 September 2008, Perusahaan
menandatangani perjanjian pinjaman dengan
PT Bank Central Asia Tbk, yang digunakan
untuk
pembelian
kendaraan,
sebesar
maksimum
Rp10.000.000.000,
dengan
pembayaran cicilan selama empat (4) tahun.
Pinjaman ini dikenakan bunga tetap sebesar
6,35% - 8,25% per tahun.
20. HUTANG PEMBIAYAAN
On September 2, 2008, the Company entered
into a loan agreement by PT Bank Central
Asia Tbk, which was used for the purchase of
vehicles, with a total maximum amount of
Rp10,000,000,000 payable in four (4) years
of installment payments. This loan is subject
to interest of 6.35% - 8.25% flat per annum.
20. OBLIGATION UNDER FINANCING LEASES
Pada
bulan
Januari
2009,
Perusahaan
mengadakan kontrak sewa untuk peralatan
dan fasilitas telekomunikasi kepada berbagai
penyedia sebesar Rp3.151.339.703.374, yang
akan berakhir pada tanggal 30 Juni 2019.
In January 2009, the Company entered into a
lease contract for telecommunication equipment
and facilities to various tower providers
amounting to Rp3,151,339,703,374, which will
expire on June 30, 2019.
Pembayaran sewa minimum yang akan datang
adalah sebagai berikut:
Future minimum lease payments were as
follows:
Pembayaran
Minimum sewa
pembiayaan
di masa depan /
Future minimum
lease payments
Nilai kini
pembayaran
minimum sewa
pembiayaan
di masa depan /
Present value
of minimum
lease payments
Tidak lebih dari 1 tahun
dengan 5 tahun
Lebih dari 5 tahun
328.329.717.368
2.327.115.722.576
1.720.593.740.355
293.151.533.364
1.591.068.334.375
748.210.552.742
Not later than 1 year
later than 5 years
Later than 5 years
Jumlah
4.376.039.180.299
2.632.430.420.481
Total
Disajikan sebagai:
Kewajiban lancar
Kewajiban tidak lancar
293.151.533.364
2.339.278.887.117
Presented as:
Current liabilities
Noncurrent liabilities
Jumlah
2.632.430.420.481
Total
44
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
21. HUTANG OBLIGASI
21. BONDS PAYABLE
Pada tanggal 23 Agustus 2007, Perusahaan
menerbitkan obligasi Bakrie Telecom I dengan
nilai nominal Rp650 milyar yang kemudian
dicatatkan di Bursa Efek Surabaya (sekarang
Bursa
Efek
Indonesia)
pada
tanggal
5 September 2007. Jangka waktu obligasi
adalah lima (5) tahun sampai dengan tanggal
4 September 2012 dengan tingkat suku
bunga 11,90% per tahun yang terhutang
setiap tiga (3) bulan dimulai sejak tanggal
4 Desember 2007 sampai dengan tanggal
jatuh tempo. Biaya yang timbul sehubungan
dengan penerbitan obligasi tersebut adalah
Rp7.223.895.107. Setelah satu (1) tahun,
Perusahaan mempunyai opsi untuk membeli
kembali setengah dari jumlah obligasi yang masih
beredar sebelum tanggal pelunasan pokok
obligasi. Pada tanggal 31 Desember 2009, 2008
dan 2007, nilai bersih obligasi masing-masing
sebesar Rp646.147.255.946, Rp644.702.476.923
dan Rp643.257.697.900. Beban amortisasi
untuk tahun yang berakhir pada tanggaltanggal 31 Desember 2009 dan 2008 sebesar
Rp1.444.779.023, dan untuk 2007 sebesar
Rp481.593.007 dicatat sebagai bagian dari akun
“Beban Operasi Lain-lain” pada laporan laba rugi.
Aset
tetap
sebesar
Rp598.494.476.900,
Rp649.431.427.512
dan
Rp703.276.582.170
masing-masing pada tanggal 31 Desember 2009,
2008 dan 2007 dijadikan sebagai jaminan atas
obligasi yang diterbitkan oleh Perusahaan.
On August 23, 2007, the Company issued
Bakrie Telecom Bond I at the nominal amount of
Rp650 billion, which was subsequently listed on
the Surabaya Stock Exchange (Currently
Indonesia Stock Exchange) on September 5,
2007. The term of the Bonds is five (5) years
until September 4, 2012 and they bear interest
of 11.90% per annum payable quarterly
commencing on December 4, 2007 until the
maturity date. The issuance cost related to
bonds amounted to Rp7,223,895,107. After a
year, the Company has the option to redeem half
or all of the outstanding Bonds before the
principal redemption date. As of December 31,
2009, 2008 and 2007, the bonds payable net
value amounting to Rp Rp646,147,255,946,
Rp644,702,476,923 and Rp643,257,697,900,
respectively. Amortization expense for the year
ended December 31, 2009 and 2008 amounted
to Rp1,444,779,023, dan for 2007 amounted
Rp481,593,007 was recorded as part of “Other
Operating Expenses” account in statements
of income. Fixed assets amounting to
Rp598.494.476.900, Rp649,431,427,512 and
Rp703,276,582,170 as of December 31, 2009,
2008 and 2007, respectively, were reserved as
collateral for the bonds issued by the Company.
Obligasi tersebut dijamin secara fidusia dengan
aset
tetap
yang
terdiri
dari
peralatan
telekomunikasi dengan nilai tidak kurang dari
110% sebagai berikut:
The Bonds are collateralized fiduciary with fixed
assets that consist of telecommunication
equipment with value of not less than 110%
consisting of the following:
1. Base Transceiver Station;
2. Peralatan transmisi;
3. Mobile Switching Centre and Base Station
Controller; dan
4. Peralatan pendukung telekomunikasi.
1. Base Transceiver Station;
2. Transmission equipment;
3. Mobile Switching Centre and Base Station
Controller; and
4. Supporting telecommunication equipment.
22. MODAL SAHAM
22. CAPITAL STOCK
2009, 2008 dan/and 2007
Jenis saham
Jumlah Saham
Modal Dasar/
Number of
Authorized Shares
Saham biasa seri A
Saham biasa seri B
10.000.000.000
32.111.652.195
Jumlah
42.111.652.195
Nominal/
Nominal
(Rp)
Jumlah/
Total
(Rp)
200
100
2.000.000.000.000
3.211.165.219.500
Common shares series A
Common shares series B
5.211.165.219.500
Total
Shares
45
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
22. MODAL SAHAM (Lanjutan)
22. CAPITAL STOCK (Continued)
2009
Pemegang Saham
Jumlah Saham
Ditempatkan dan
Disetor Penuh/
Number of Shares
Issued and
Fully Paid
Persentase
Kepemilikan/
Percentage of
Ownership
(%)
Jumlah Modal/
Amount
(Rp)
Shareholders
Saham biasa seri A
PT Bakrie & Brothers Tbk
Masyarakat
4.454.895.515
1.296.606.935
77,46
22,54
890.979.103.000
259.321.387.000
Common shares series A
PT Bakrie & Brothers Tbk
Public
Sub-jumlah
5.751.502.450
100,00
1.150.300.490.000
Sub-total
6.820.385.523
14.834.014.358
30,00
65,26
682.038.552.300
1.483.401.435.800
1.076.515.248
4,74
107.651.524.800
Common shares series B
PT Bakrie & Brothers Tbk
Public
Conversion of warrants by
retail investor
22.730.915.129
100,00
2.273.091.512.900
Sub-total
11.275.281.038
16.130.621.293
39,59
56,63
1.573.017.655.300
1.742.722.822.800
1.076.515.248
3,78
107.651.524.800
Total common shares series A and B
PT Bakrie & Brothers Tbk
Public
Conversion of warrants by
retail investor
28.482.417.579
100.00
3.423.392.002.900
Total
Saham biasa seri B
PT Bakrie & Brothers Tbk
Masyarakat
Konversi waran oleh
investor retail
Sub-jumlah
Jumlah saham biasa seri A dan B
PT Bakrie & Brothers Tbk
Masyarakat
Konversi waran oleh
investor retail
Jumlah
2008
Pemegang Saham
Jumlah Saham
Ditempatkan dan
Disetor Penuh/
Number of Shares
Issued and
Fully Paid
Persentase
Kepemilikan/
Percentage of
Ownership
(%)
Jumlah Modal/
Amount
(Rp)
Shareholders
Saham biasa seri A
PT Bakrie & Brothers Tbk
PT Bakrie Communications
Richweb Investments Limited
Masyarakat
4.454.895.515
77,46
890.979.103.000
1.296.606.935
22,54
259.321.387.000
Common shares series A
PT Bakrie & Brothers Tbk
PT Bakrie Communications
Richweb Investments Limited
Public
Sub-jumlah
5.751.502.450
100,00
1.150.300.490.000
Sub-total
8.719.208.369
38,35
871.920.836.900
12.935.191.512
56,91
1.293.519.151.200
1.076.515.248
4,74
107.651.524.800
Common shares series B
PT Bakrie & Brothers Tbk
CMA Fund Management Ltd.
Public
Conversion of warrants by
retail investor
22.730.915.129
100,00
2.273.091.512.900
Sub-total
13.174.103.884
14.231.798.447
46,25
49,97
2.044.352.204.500
1.271.388.273.600
1.076.515.248
3,78
107.651.524.800
Total common shares series A and B
PT Bakrie & Brothers Tbk
Public
Conversion of warrants by
retail investor
28.482.417.579
100,00
3.423.392.002.900
Total
Saham biasa seri B
PT Bakrie & Brothers Tbk
CMA Fund Management Ltd.
Masyarakat
Konversi waran oleh
investor retail
Sub-jumlah
Jumlah saham biasa seri A dan B
PT Bakrie & Brothers Tbk
Masyarakat
Konversi waran oleh
investor retail
Jumlah
46
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
22. MODAL SAHAM (Lanjutan)
22. CAPITAL STOCK (Continued)
2007
Pemegang Saham
Jumlah Saham
Ditempatkan dan
Disetor Penuh/
Number of Shares
Issued and
Fully Paid
Persentase
Kepemilikan/
Percentage of
Ownership
(%)
Jumlah Modal/
Amount
(Rp)
Shareholders
Saham biasa seri A
PT Bakrie & Brothers Tbk
PT Bakrie Communications
Richweb Investments Limited
Masyarakat
4.454.895.515
596.606.935
390.706.260
309.293.740
77,46
10,37
6,79
5,38
890.979.103.000
119.321.387.000
78.141.252.000
61.858.748.000
Common shares series A
PT Bakrie & Brothers Tbk
PT Bakrie Communications
Richweb Investments Limited
Public
Sub-jumlah
5.751.502.450
100,00
1.150.300.490.000
Sub-total
5.069.326.841
21.716.318
7.936.869.886
38,40
0,16
60,12
506.932.684.100
2.171.631.800
793.686.988.600
174.261.372
1,32
17.426.137.200
Common shares series B
PT Bakrie & Brothers Tbk
CMA Fund Management Ltd.
Public
Conversion of warrants by
retail investor
13.202.174.417
100,00
1.320.217.441.700
Sub-total
9.524.222.356
21.716.318
596.606.935
390.706.260
8.246.163.626
50,25
0,11
3,15
2,06
43,51
1.397.911.787.100
2.171.631.800
119.321.387.000
78.141.252.000
855.545.736.600
174.261.372
0,92
17.426.137.200
Total common shares series A and B
PT Bakrie & Brothers Tbk
CMA Fund Management Ltd.
PT Bakrie Communications
Richweb Investments Limited
Public
Conversion of warrants by
retail investor
18.953.676.867
100,00
2.470.517.931.700
Total
Saham biasa seri B
PT Bakrie & Brothers Tbk
CMA Fund Management Ltd.
Masyarakat
Konversi waran oleh
investor retail
Sub-jumlah
Jumlah saham biasa seri A dan B
PT Bakrie & Brothers Tbk
CMA Fund Management Ltd.
PT Bakrie Communications
Richweb Investments Limited
Masyarakat
Konversi waran oleh
investor retail
Jumlah
Pada tanggal 3 Februari 2006, Perusahaan
mencatat sahamnya pada Bursa Efek Indonesia
(dahulu Bursa Efek Jakarta).
On February 3, 2006, the Company listed its
shares on the Indonesian Stock Exchange
(previously Jakarta Stock Exchange).
Atas Penawaran Umum tersebut, Perusahaan
telah menerima:
In connection with the IPO, the Company
received:
a. Surat Pernyataan Efektif dari Ketua BAPEPAM
pada tanggal 23 Januari 2006 sesuai dengan
Surat No. S-123/PM/2006.
a. The Effective Statement Letter from the
Chairman of BAPEPAM on January 23, 2006
through Letter No. S-123/PM/2006.
b. Persetujuan tertulis dari Bank Mandiri sesuai
dengan Surat No. CBG.TRE/RD9.069/2006
tanggal 12 Januari 2006 tentang perubahan
persyaratan kredit atas negative covenant
sehubungan dengan pembagian bonus,
dividen
dan/atau
keuntungan
lainnya
sebagaimana tertuang dalam Perjanjian Kredit
No. KP-COD/014/PK-KI/2004 dan Akta Notaris
No. 52 oleh Imas Fatimah, S.H. pada tanggal
27 September 2004.
b. A
written
approval
from
Bank
Mandiri through Letter No. CBG.TRE/RD9.
069/2006 dated January 12, 2006 concerning
the changes of credit terms regarding
the negative covenants in relation to the
distribution of bonuses. dividends and/or
other benefits as stated in Loan Agreement
No. KP-COD/014/PK-KI/2004 and Notarial
Deed No. 52 of Imas Fatimah, S.H. dated
September 27, 2004.
47
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
22. MODAL SAHAM (Lanjutan)
22. CAPITAL STOCK (Continued)
Sehubungan dengan Penawaran Umum di atas,
sebelumnya Perusahaan juga telah melakukan
perubahan atas nilai nominal saham sebagai
berikut:
Prior to the above IPO, the Company had
changed the nominal value of its shares as
follows:
a. Setiap 1 (satu) saham seri A dengan
nilai nominal semula Rp1.000 per saham
menjadi 5 (lima) saham dengan nilai nominal
Rp200 per saham.
a. Each common share series A with nominal
value amounting to Rp1,000 per share was
converted into five (5) shares with nominal
value of Rp200 per share.
b. Setiap 1 (satu) saham seri B dengan
nilai nominal semula Rp500 per saham
menjadi 5 (lima) saham dengan nilai nominal
Rp100 per saham.
b. Each common share series B with nominal
value amounting to Rp500 per share was
converted into five (5) shares with nominal
value of Rp100 per share.
Susunan pemegang saham pada tanggal
31 Desember 2009, 2008 dan 2007 berdasarkan
catatan yang dibuat oleh PT Ficomindo Buana
Registrar
The composition of shareholders as of
December 31, 2009, 2008 and 2007 was based
on registration by PT Ficomindo Buana
Registrar.
23. TAMBAHAN MODAL DISETOR
23. ADDITIONAL PAID-IN CAPITAL
Melalui Penawaran Umum Perdana pada tanggal
3 Februari 2006, Perusahaan telah menerima
sebesar Rp605.000.000.000 untuk penawaran
lima miliar lima ratus juta (5.500.000.000) saham
seri B atas nama dengan nilai nominal seratus
Rupiah (Rp100) dengan harga penawaran seratus
sepuluh Rupiah (Rp110).
Through the Initial Public Offering on
February 3, 2006, the Company received
Rp605,000,000,000 for the offering of five billion
five hundred million (5,500,000,000) share series
B with nominal value of one hundred Rupiah
(Rp100) and with offering price of one hundred
and ten Rupiah (Rp110).
Melalui Penawaran Umum Terbatas I (PUT I)
pada tanggal 29 Februari 2008, Perusahaan
menerbitkan
sebanyak-banyaknya
sejumlah
delapan miliar enam ratus tiga puluh delapan juta
tujuh puluh sembilan ribu tiga ratus lima puluh dua
(8.638.079.352) saham dengan nilai nominal
seratus rupiah (Rp100) setiap saham yang
ditawarkan dengan harga tiga ratus lima puluh
rupiah (Rp350) setiap saham dengan nilai
keseluruhan
sebanyak-banyaknya
sebesar
Rp3.023.327.773.200 dan dengan selisih harga
yang ditawarkan dengan harga nominal sebesar
Rp2.156.621.709.000.
Through the Right Issue I on February 29, 2008,
the Company issued maximum of eight billion,
six hundred and thirty-eight million, seventynine thousand, three hundred and fifty-two
(8,638,079,352) shares with nominal value of
one hundred rupiah (Rp100) per share, which
were offered at three hundred and fifty rupiah
(Rp350) per share with the total maximum
amount of Rp3,023,327,773,200 and with the
excess of offering price over nominal price
amounting to Rp2,156,621,709,000.
Sehubungan dengan Penawaran Umum Terbatas
I, Perusahaan telah melakukan penyesuaian
harga pelaksanaan sebesar seratus dua puluh
tujuh Rupiah (Rp127) setiap sahamnya dan
menerbitkan sebanyak tiga puluh delapan juta
lima ratus empat puluh sembilan ribu seratus tiga
puluh satu (38.549.131) lembar waran seri I yang
berlaku efektif mulai tanggal 27 Maret 2008.
In accordance with Right Issue I, the Company
had been adjusting the exercise price of one
hundred and twenty-seven Rupiah (Rp127) per
share and issued thirty-eight million five hundred
and fourty-nine thousand one hundred and thirtyone (38,549,131) series I warrants that are to be
effective on March 27, 2008.
48
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
23. TAMBAHAN MODAL DISETOR (Lanjutan)
23. ADDITIONAL PAID-IN CAPITAL (Continued)
Selisih bersih antara harga penawaran dengan
harga nominal diakui sebagai tambahan modal
disetor pada tanggal 31 Desember 2009, 2008
dan 2007 adalah sebagai berikut:
Net excess of price over par value of shares
between nominal price and offering price was
recognized as additional paid-in capital and as of
December 31, 2009, 2008 and 2007 was as
follows:
2009 dan/ and 2008
Selisih Lebih
Harga Atas
Nilai Nominal
Saham/
Excess of Price
Over Par Value
of Shares
Penerbitan 5.500.000.000
(dalam angka penuh) saham
melalui penawaran umum
(Catatan 1b)
Penerbitan 8.626.486.836
(dalam angka penuh) saham
Melalui Hak Pemesanan Efek
Terlebih Dahulu
Penerbitan 1.076.515.248
(dalam angka penuh) saham
melalui pelaksanaan waran
Jumlah
55.000.000.000
Selisih Lebih
Harga Atas
Nilai Nominal
Saham - Bersih/
Net Excess of
Price Over
Par Value of
Shares
Biaya Penerbitan
Saham/
Issuance Cost
of Shares
27.228.645.472
27.771.354.528
Issuance of 5,500,000,000
(full amount) shares
through initial public offering
(Note 1b)
2.156.621.709.000
80.881.384.918
2.075.740.324.082
37.654.891.600
-
37.654.891.600
Issuance of 8,626,486,836
(full amount) shares
through right issue
Issuance of 1,076,515,248
(full amount) shares
through exercise of warrants
2.249.276.600.600
108.110.030.390
2.141.166.570.210
Total
2007
Selisih Lebih
Harga Atas
Nilai Nominal
Saham/
Excess of Price
Over Par Value
of Shares
Penerbitan 5.500.000.000
(dalam angka penuh) saham
melalui penawaran umum
Penerbitan 174.261.372
(dalam angka penuh) saham
melalui pelaksanaan waran
Jumlah
Selisih Lebih
Harga Atas
Nilai Nominal
Saham - Bersih/
Net Excess of
Price Over
Par Value of
Shares
Biaya Penerbitan
Saham/
Issuance Cost
of Shares
55.000.000.000
27.228.645.472
27.771.354.528
6.099.148.020
-
6.099.148.020
Issuance of 5,500,000,000
(full amount) shares
through initial public offering
Issuance of 174,261,372
(full amount) shares
through exercise of warrants
61.099.148.020
27.228.645.472
33.870.502.548
Total
49
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
24. SAHAM BEREDAR YANG DIPEROLEH
KEMBALI (Lanjutan)
24. TREASURY STOCK (Continued)
Transaksi saham beredar yang diperoleh kembali
adalah sebagai berikut:
Transactions regarding treasury stock are as
follows:
2009
Keterangan
Periode/
Period
Jumlah Saham/
No. of Shares
Realisasi/
Realization (%)
Harga Nominal/
Par Value
Description
Approved at Board of
Directors Meeting
(Note 1e)
Disetujui Direksi
(Catatan 1e)
2008
11.000.000.000
Pembelian kembali
2008
689.425.500
Penerbitan kembali
2009
(579.425.500 )
(57.942.550.000 )
110.000.000
11.000.000.000
Jumlah
6,27%
68.942.550.000
Buy-back
Re-issuance
Total
2008
Keterangan
Periode/
Period
Jumlah Saham/
No. of Shares
Disetujui Direksi
(Catatan 1e)
2008
11.000.000.000
Pembelian kembali
2008
689.425.500
Realisasi/
Realization (%)
6,27%
68.942.550.000
Buy-back
Net excess of price over par value of shares
between nominal price and acquisition price was
recognized as “Premium on Treasury Stock” in
the balance sheets.
25. OPERATING REVENUES
Pendapatan usaha meliputi pendapatan yang
berasal dari telepon tidak bergerak dan telepon
bergerak terbatas, sebagai berikut:
2009
Pendapatan jasa telekomunikasi
Pra bayar:
Esia
Wifone
Esiatel
Pasca bayar:
Esia
Wifone dan regular Ratelindo
Esiatel dan Ratelindo Wartel
Description
Approved at Board of
Directors Meeting
(Note 1e)
Selisih bersih antara harga perolehan dengan
harga nominal per lembar saham diakui sebagai
“Agio Saham Beredar yang Diperoleh Kembali”
dalam neraca.
25. PENDAPATAN USAHA
Harga Nominal/
Par Value
Operating revenues represent revenues from
fixed line and limited mobility telephone
revenues, with details as follows:
2008
2007
2.943.483.831.986
50.300.557.346
1.625.063.060
2.278.464.656.209
53.769.793.018
3.159.558.740
1.252.341.682.694
24.950.696.959
2.771.203.276
75.603.070.014
43.670.009.077
3.186.640.952
90.474.282.567
63.745.901.230
14.247.159.908
121.273.281.178
64.105.897.796
37.946.965.035
Jumlah pendapatan jasa
telekomunikasi
Pendapatan jasa interkoneksi
3.117.869.172.435
317.686.351.629
2.503.861.351.672
301.447.743.551
Jumlah pendapatan usaha
Beban interkoneksi
Potongan harga
3.435.555.524.064 2.805.309.095.223 1.672.032.083.761
(241.114.171.289 ) (284.354.144.186 ) (244.690.894.770 )
(451.863.954.523 ) (318.662.914.791 ) (137.452.336.168 )
Bersih
2.742.577.398.252
2.202.292.036.246
Telecommunication services
Prepaid:
Esia
Wifone
Esiatel
Postpaid:
Esia
Wifone and regular Ratelindo
Esiatel and Ratelindo Wartel
1.503.389.726.938 Total telecommunication services
168.642.356.823
Interconnection services
1.289.888.852.823
Total operating revenue
Interconnection expense
Discount
Net
50
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
25. PENDAPATAN USAHA (Lanjutan)
25. OPERATING REVENUES (Continued)
Rincian
pendapatan
jasa
telekomunikasi
berdasarkan jenis jasa layanan adalah sebagai
berikut:
The details of revenues based on the service
type were as follows:
2009
2008
2007
Pendapatan pemakaian pulsa
Pendapatan jasa penyambungan
Pendapatan langganan bulanan
Lain-lain
3.004.102.338.644
55.578.433.728
28.948.901.792
29.239.498.271
2.388.438.822.979
50.740.089.356
35.029.488.678
29.652.950.659
1.317.542.889.908
104.458.110.934
36.716.543.400
44.672.182.696
Usage charge
Connection service
Subscription
Others
Jumlah
3.117.869.172.435
2.503.861.351.672
1.503.389.726.938
Total
Transaksi pendapatan yang berasal dari pihak
yang memiliki hubungan istimewa untuk
tahun yang berakhir pada tanggal-tanggal
31 Desember 2009, 2008 dan 2007 masingmasing sebesar Rp182.923.436, Rp180.376.172
dan Rp110.674.098 (Catatan 32).
26. BEBAN OPERASI DAN PEMELIHARAAN
Revenue transactions from related parties
for the years ended December 31, 2009, 2008
and 2007, amounted to Rp182,923,436,
Rp180,376,172 and Rp110,674,098, respectively
(Note 32).
26. OPERATING AND MAINTENANCE EXPENSES
Akun ini terdiri dari:
This account consists of:
2009
Lisensi
Listrik
Sewa
Royalti konsesi kepada Departemen
Komunikasi dan Informatika Direktorat Jenderal Pariwisata,
Pos dan Telekomunikasi
Pemeliharaan dan perbaikan
Asuransi
Lain-lain (dibawah
Rp100 juta)
Jumlah
2008
233.655.838.213
127.636.776.831
86.800.000.741
146.156.954.378
74.235.438.765
253.139.819.025
34.000.899.735
32.682.840.577
168.241.111.204
47.038.668.391
5.895.994.687
5.103.763.359
38.055.615.135
21.385.052.884
3.509.156.819
21.955.385.690
7.936.676.062
2.634.209.633
-
75.288.845
457.468.847
License
Electricity
Rent
Concession fees to the
Department of Communication
and Informatics the Directorate General
of Tourism, Post and
Telecommunication
Repairs and maintenance
Insurance
Others below
Rp100 million)
506.131.042.222
536.557.325.851
267.908.591.748
Total
27. BEBAN UMUM DAN ADMINISTRASI
27. GENERAL AND ADMINISTRATIVE EXPENSES
Akun ini terdiri dari:
This account consists of:
2009
Jasa profesional
Sewa
Transportasi
Beban pos
Telepon, listrik dan air
Hadiah dan sumbangan
Perlengkapan kantor
Perijinan, lisensi dan bea masuk
Pemeliharaan kantor
2007
2008
86.922.787.127
35.731.775.587
33.481.494.823
21.049.889.416
8.425.114.609
8.383.522.564
7.184.950.608
71.226.249.772
19.756.520.505
24.596.781.663
15.162.518.635
13.662.061.986
4.708.796.127
9.847.721.466
6.952.526.096
5.805.519.426
7.726.219.290
2.779.654.793
2007
43.823.340.405
Professional fees
16.179.912.554
Rent
15.153.275.328
Transportation
4.676.668.809
Postage
8.123.214.785 Telephone, electricity and water
2.200.645.408
Gifts and donations
9.334.580.439
Office supplies
Permits, licenses and
4.903.753.942
customs clearance
1.121.092.693
Office maintenance
51
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
27. BEBAN UMUM DAN ADMINISTRASI (Lanjutan)
2009
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
27. GENERAL AND ADMINISTRATIVE EXPENSES
(Continued)
2008
2007
Rekreasi dan olah raga
2.819.515.671
863.735.902
692.012.617
Representasi dan jamuan
Keamanan
Iuran keanggotaan
Seragam
Uang makan
Pajak
Lain-lain (dibawah Rp500 juta)
1.645.745.482
1.611.121.529
1.071.694.964
934.069.083
616.813.930
79.168.590
2.213.445.751
1.164.586.710
1.376.920.784
586.042.385
2.727.433.005
790.020.404
189.543.533
856.293.930
1.298.961.208
609.982.217
850.556.444
1.182.136.212
695.191.860
703.829.671
1.036.841.170
Recreation and sport
Representation and
entertainment
Security
Memberships
Uniform
Meals consumption
Tax
Others (below Rp500 million)
224.929.155.256
178.021.100.890
112.585.995.762
Total
Jumlah
28. BEBAN KARYAWAN
28. PERSONNEL EXPENSES
Akun ini terdiri dari:
This account consists of:
2009
2008
2007
Gaji dan upah
Transportasi
Tunjangan kesehatan
Beban manfaat karyawan
Pelatihan
Tunjangan uang makan
228.686.854.909
29.291.851.445
13.451.676.520
6.875.541.286
6.439.445.221
6.219.400.665
187.947.526.367
26.686.603.035
9.415.851.737
6.577.659.310
5.657.347.327
4.745.398.705
119.094.965.217
19.640.327.399
5.449.954.385
4.633.354.956
2.137.298.438
2.851.685.650
Salaries and wages
Transportation
Medical allowance
Employee benefits expense
Training
Meal allowance
Jumlah
290.964.770.046
241.030.386.481
153.807.586.045
Total
29. BEBAN PENJUALAN DAN PEMASARAN
29. SALES AND MARKETING EXPENSES
Akun ini terdiri dari:
This account consists of:
2009
2008
2007
Iklan dan promosi
Pameran
Sewa
Lain-lain
402.733.075.149
44.735.503.121
3.728.049.469
269.820.068
402.699.515.612
17.427.996.517
3.472.354.367
326.599.298
199.276.609.995
8.248.677.271
2.494.569.240
213.316.965
Advertising and promotion
Exhibition
Rent
Others
Jumlah
451.466.447.807
423.926.465.794
210.233.173.471
Total
30. PENDAPATAN (BEBAN) LAIN-LAIN
30. OTHER INCOME (CHANGES)
a. Beban keuangan
a. Financial charges
2009
2008
2007
Pendapatan bunga
Beban bunga
Administrasi bank
101.325.971.330
(318.444.529.671 )
(3.329.981.239 )
89.740.731.111
(217.873.687.549 )
(3.627.225.741 )
16.381.338.059
(93.318.327.258 )
(12.922.000.335 )
Interest income
Interest expenses
Bank charges
Bersih
(220.448.539.580 )
(131.760.182.179 )
(89.858.989.534 )
Net
52
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
30. PENDAPATAN (BEBAN) LAIN-LAIN (Lanjutan)
30. OTHER INCOME (CHANGES) (Continued)
b. Selisih Kurs
b. Foreign exchange
2009
Laba selisih kurs
Rugi selisih kurs
Bersih
2008
2007
276.154.742.028
(178.260.126.916 )
775.283.655.474
(819.771.325.591 )
56.743.623.689
(48.732.713.599 )
97.894.615.112
(44.487.670.117 )
8.010.910.090
31. PERPAJAKAN
Gain on foreign exchange
Loss on foreign exchange
Net
31. TAXATION
a. Pajak dibayar di muka
a. Prepaid taxes
2009
2008
2007
Pajak Pertambahan Nilai
Bea Materai
203.665.014.840
133.576.008
209.734.227.091
215.680.998
137.497.713.131
220.340.008
Value-Added Tax
Stamp duty
Jumlah
203.798.590.848
209.949.908.089
137.718.053.139
Total
b. Taksiran Tagihan Pajak Penghasilan
2009
b. Estimated Claims for Tax Refund
2008
2007
Pajak penghasilan
Pasal 22
Pasal 23
Fiskal
45.514.624.154
2.346.033
99.000.000
41.762.997.336
2.028.826.183
151.000.000
23.431.741.537
6.792.822.754
65.000.000
Income taxes
Article 22
Article 23
Fiscal
Jumlah
45.615.970.187
43.942.823.519
30.289.564.291
Total
c. Hutang pajak
c. Taxes payable
2009
2008
2007
Pajak penghasilan
Pasal 4 (2)
Pasal 21
Pasal 23
Pasal 26
2.854.926.301
4.698.681.745
1.116.920.359
1.206.647.218
3.549.827.954
1.708.898.495
2.664.009.860
917.547.379
1.990.209.392
1.905.559.627
Income taxes
Article 4 (2)
Article 21
Article 23
Article 26
Jumlah
8.670.528.405
6.465.373.667
7.477.326.258
Total
53
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
31. PERPAJAKAN (Lanjutan)
31. TAXATION (Continued)
d. Pajak Kini
d. Current Tax
Rekonsiliasi antara laba sebelum beban pajak
seperti yang disajikan dalam laporan laba rugi
dengan taksiran rugi fiskal untuk tahun yang
berakhir pada tanggal-tanggal 31 Desember
2009, 2008 dan 2007 adalah sebagai berikut:
2009
Laba sebelum beban pajak
menurut laporan laba rugi
Reconciliation between income before tax
expense as shown in the statements of
income and the estimated fiscal loss for the
years ended December 31, 2009, 2008 and
2007 was as follows:
2008
145.714.424.917
178.056.251.672
Beda temporer:
Penyisihan piutang ragu-ragu
Penyisihan imbalan kerja
Aset tetap
10.604.128.332
5.518.128.149
(227.606.465.275 )
12.490.675.694
5.786.413.639
(127.316.394.767 )
Penghapusan piutang ragu-ragu
Transaksi sewa pembiayaan
(16.275.383.378 )
(279.589.030.803 )
(23.388.713.945 )
-
Jumlah
(507.348.622.975 )
(132.428.019.379 )
84.417.558.573
53.096.855.555
13.059.344.098
7.709.348.605
10.646.081.976
5.780.942.004
(101.325.971.330 )
1.251.989.543
(89.740.731.111 )
1.155.877.120
Beda tetap:
Pajak dan pengembangan usaha
Gaji, upah dan manfaat karyawan
Jamuan, sumbangan dan
representasi
Pendapatan bunga yang telah
dikenakan pajak final
Lain-lain
Jumlah
8.049.002.860
2007
219.692.600.299
Income before tax expense per
statements of income
Temporary differences:
17.384.783.050 Provision for doubtful accounts
4.633.354.956 Provision for employee benefits
(61.834.557.771 )
Fixed assets
Write-off of allowance for
(35.295.384.816 )
doubtful accounts
Finance lease transactions
(75.111.804.581 )
Total
Permanent differences:
30.338.268.873 Taxes and business development
Salaries, wages and
5.210.754.975
employee benefits
Entertainment, donation and
2.633.841.343
representation
Interest income already
(16.381.338.059 )
subjected to final tax
1.475.988.392
Others
(21.997.707.827 )
23.277.515.524
Total
Estimated taxable income
(fiscal loss) for the year
Taksiran penghasilan kena pajak
(rugi fiskal) tahun berjalan
(353.585.195.198 )
23.630.524.466
167.858.311.242
Kompensasi rugi fiskal
Tahun 2003
Tahun 2004
Tahun 2005
Tahun 2006
(70.049.776.824 )
(228.917.428.771 )
-
(122.348.002.661 )
(229.450.983.165 )
(30.372.059.495 )
(16.223.684.878 )
(227.049.747.075 )
(237.892.905.427 )
(30.372.059.495 )
Fiscal loss compensation of
Year 2003
Year 2004
Year 2005
Year 2006
Jumlah kompensasi rugi fiskal
tahun sebelumnya
(298.967.205.595 )
(382.171.045.321 )
(511.538.396.875 )
Total fiscal loss compensation
of the previous years
2.651.714.511
(49.584.596.461 )
8.441.922.262
-
Adjustments for fiscal loss
2003
2004
2005
2006
2007
2008
Penyesuaian rugi fiskal
2003
2004
2005
2006
2007
2008
72.604.786.723
(2.114.519.246 )
59.573.315.260
-
Jumlah penyesuaian
70.490.267.477
59.573.315.260
(38.490.959.688 )
Total adjustments
Taksiran Akumulasi
Rugi Fiskal
(582.062.133.316 )
(298.967.205.595 )
(382.171.045.321 )
Estimated Cumulative
Fiscal Loss
54
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
31. PERPAJAKAN (Lanjutan)
31. TAXATION (Continued)
e. Pajak tangguhan
e. Deferred tax
Pada bulan September 2008, Undang-undang
No. 7 Tahun 1983 mengenai “Pajak
Penghasilan” diubah untuk keempat kalinya
dengan Undang-undang No. 36 Tahun 2008.
Perubahan
tersebut
juga
mencakup
perubahan tarif pajak penghasilan badan dari
sebelumnya
menggunakan
tarif
pajak
bertingkat menjadi tarif tunggal yaitu 28%
untuk tahun fiskal 2009 dan 25% untuk tahun
fiskal 2010 dan seterusnya. Revisi ini berlaku
efektif sejak 1 Januari 2009.
In September 2008, Law No. 7 Year 1983
regarding “Income Tax” has been revised for
the fourth time with Law No. 36 Year 2008.
The revised Law stipulates changes in
corporate tax rate from a marginal tax rate to
a single rate of 28% for fiscal year 2009 and
25% for fiscal year 2010 onwards. The
revised Law became effective January 1,
2009.
Perhitungan beban pajak tangguhan sebagai
berikut:
Calculations of deferred tax expense were as
follows:
2009
2008
2007
Rugi fiskal
Imbalan kerja
Transaksi sewa pembiayaan
Aset tetap
Pengaruh tarif pajak terhadap
beda temporer
Penyisihan piutang ragu-ragu
56.618.985.544
1.103.625.630
(55.917.806.160 )
(45.521.293.055 )
(39.909.512.198 )
1.446.603.410
(31.829.098.692 )
(2.421.573.676 )
(1.134.251.009 )
31.772.892.436
(2.724.509.563 )
Beban Pajak Tangguhan
(47.272.312.726 )
(41.243.624.607 )
Aset dan kewajiban pajak tangguhan pada
tanggal 31 Desember 2009, 2008 dan 2007
adalah sebagai berikut:
2009
2008
74.741.801.399
4.908.071.983
6.599.035.628
(203.615.662.311 )
-
Kewajiban Pajak Tangguhan bersih
(164.639.066.027 )
(117.366.753.301 )
Sesuai dengan Surat Ketetapan Pajak (SKP)
atas pajak penghasilan badan untuk tahun
pajak 2003, 2004, 2005, 2006 dan 2007, rugi
fiskal Perusahaan telah ditetapkan masingmasing sebagai berikut:
(75.423.611.426 )
Deferred Tax Expense
2007
116.412.426.663
5.030.083.216
4.144.977.493
(234.308.747.239 )
(55.917.806.160 )
f. Surat Ketetapan Pajak
Fiscal loss
Employee benefits
Finance lease transactions
Fixed assets
Effect of tax rate on
temporary differences
(5.373.180.530 ) Allowance for doubtful accounts
The deferred tax assets and liabilities as
of December 31, 2009, 2008 and 2007 were
as follows:
Aset (kewajiban) pajak tangguhan
Akumulasi rugi fiskal
Kewajiban imbalan kerja
Piutang usaha
Aset tetap
Transaksi sewa pembiayaan
Manajemen Perusahaan berkeyakinan bahwa
penghasilan kena pajak Perusahaan di masa
yang akan datang dapat dimanfaatkan untuk
merealisasikan saldo aset pajak tangguhan.
(52.890.070.051 )
1.390.006.487
(18.550.367.332 )
Deferred tax assets (liability)
114.651.313.597
Accumulated fiscal loss
4.181.179.823 Employee benefits obligation
11.188.254.229
Trade receivables
(206.143.876.343 )
Fixed assets
Finance lease transactions
(76.123.128.694 )
Deferred Tax Liabilities Net
The Company’s management believes that
sufficient taxable profit will be available to
recover deferred tax assets.
f. Tax Assesment Letter
Based on Tax Assessment Letter (SKP) of
income tax for the years 2003, 2004, 2005,
2006 and 2007, the fiscal loss of the
Company has been assessed as follows:
55
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
31. PERPAJAKAN (Lanjutan)
31. TAXATION (Continued)
Tahun
2003
2004
2005
2006
2007
Laba (Rugi)
Per SKP/
Taxable Income
(Fiscal Loss)
Based on SKP
(13.571.970.367 )
(276.634.343.536 )
(228.917.428.771 )
28.667.701.371
(240.463.097.965 )
Laba (Rugi)
Per SPT/
Taxable Income
(Fiscal Loss)
Based on SPT
(16.223.684.878 )
(282.125.631.258 )
(237.892.905.427 )
(30.905.553.887 )
(167.858.311.242 )
Rugi fiskal tahun 2004 dan 2006 yang dicatat
dalam laporan keuangan lebih kecil sebesar
Rp55,1 miliar dan Rp533 juta dibandingkan
dengan jumlah yang dilaporkan dalam Surat
Pemberitahuan Tahunan (SPT) disebabkan
oleh koreksi tambahan beda temporer dan
beda tetap. Perbedaan-perbedaan tersebut
telah disesuaikan.
Year
2.651.714.511
5.491.287.722
8.975.476.656
59.573.255.258
(72.604.786.723 )
2003
2004
2005
2006
2007
Fiscal loss in 2004 and 2006 was lower than
recorded in the financial statements by
Rp55.1 billion and Rp533 million compared
with the amount reported in Corporate Income
Tax Return (SPT) because of additional
correction of temporary and permanent
differences. The differences have been
adjusted.
g. Administrasi
g. Administration
Berdasarkan
Undang-undang Perpajakan
yang berlaku di Indonesia, perusahaanperusahaan menetapkan dan membayar
sendiri besarnya jumlah pajak yang terhutang,
Direktur Jenderal Pajak ("DJP") dapat
menetapkan atau mengubah kewajiban pajak
dalam batas waktu sepuluh tahun sejak saat
terhutangnya pajak, atau akhir tahun 2013,
mana yang lebih awal. Ketentuan baru yang
diberlakukan terhadap tahun pajak 2008 dan
tahun-tahun selanjutnya menentukan bahwa
DJP dapat menetapkan dan mengubah
kewajiban pajak tersebut dalam batas waktu
lima tahun sejak saat terhutangnya pajak.
32. TRANSAKSI DENGAN PIHAK-PIHAK
HUBUNGAN ISTIMEWA
Under the taxation laws of Indonesia, the
companies submit tax returns on the basis of
self-assessment. The Director General of Tax
(“DGT”) may assess or amend taxes within
ten years of the time the tax becomes due, or
until the end of 2013, whichever is earlier.
There are new rules applicable to fiscal year
2008 and subsequent years stipulating that
the DGT may assess or amend taxes within
five years of the time the tax becomes due.
32. TRANSACTIONS WITH RELATED PARTIES
Dalam kegiatan usaha yang normal, Perusahaan
melakukan
transaksi
dengan
pihak-pihak
hubungan istimewa.
2009
Sewa ke (Catatan 39)
PT Bakrie Swasakti Utama
Koreksi/
Correction
In the normal course of business, the Company
entered into transactions with related parties.
2008
2007
4.959.008.700
4.592.840.900
4.274.515.790
Rental to (Note 39)
PT Bakrie Swasakti Utama
Pendapatan dari (Catatan 25)
PT Bakrie Swasakti Utama
PT Catur Swasakti Utama
PT Bakrie Communications
178.881.917
4.041.519
-
179.644.922
731.250
108.199.098
2.475.000
Revenues from (Note 25)
PT Bakrie Swasakti Utama
PT Catur Swasakti Utama
PT Bakrie Communications
Jumlah
182.923.436
180.376.172
110.674.098
Total
56
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
32. TRANSAKSI DENGAN PIHAK-PIHAK
HUBUNGAN ISTIMEWA (Lanjutan)
32. TRANSACTIONS WITH RELATED PARTIES
(Continued)
Sifat dan hubungan transaksi dengan pihak
hubungan istimewa adalah sebagai berikut:
Sifat
Hubungan/
Nature of
Relationship
PT Bakrie Communications
PT Multi Kontrol Nusantara
PT Bakrie Swasakti Utama
Perhimpunan Penghuni ATR
PT Catur Swasakti Utama
PT Dinamika Nusantara Bestari
PT Cakrawala Andalas Televisi
PT Bakrie Pesona Rasuna
PT Bakrie Corrugated Metal
Industry
PT Rasuna Caturtama
Corporation
PT Bakrie & Brothers Tbk
pemegang saham/
shareholder
afiliasi/affiliate
afiliasi/affiliate
afiliasi/affiliate
afiliasi/affiliate
afiliasi/affiliate
afiliasi/affiliate
afiliasi/affiliate
afiliasi/affiliate
afiliasi/affiliate
pemegang saham/
shareholder
Nature of relationship and transactions with
related parties were as follows:
Sifat Transaksi/
Nature of
Transactions
jasa/service
PT Bakrie Communications
jasa/service
sewa/rental
jasa/services
sewa/rental
sewa/rental
jasa/services
jasa/services
PT Multi Kontrol Nusantara
PT Bakrie Swasakti Utama
Perhimpunan Penghuni ATR
PT Catur Swasakti Utama
PT Dinamika Nusantara Bestari
PT Cakrawala Andalas Televisi
PT Bakrie Pesona Rasuna
jasa/services
PT Bakrie Corrugated Metal Industry
jasa/services
hutang usaha/
trade payable
PT Rasuna Caturtama Corporation
PT Bakrie & Brothers Tbk
Persentase saldo akun-akun hubungan istimewa
terhadap saldo akun keseluruhan terkait adalah
sebagai berikut:
Hutang hubungan istimewa terhadap
jumlah kewajiban (Catatan 15)
Beban kepada hubungan istimewa
terhadap jumlah beban
Pendapatan dari hubungan istimewa
terhadap jumlah pendapatan usaha
Percentage of balace of related party accounts to
the total balance of related account were as
follows:
2009
2008
2007
0,03%
0,05%
0,17%
0,20%
0,25%
0,44%
0,017%
0,01%
0,01%
33. KEWAJIBAN IMBALAN KERJA
33. EMPLOYEE BENEFITS OBLIGATION
Perhitungan kewajiban imbalan kerja karyawan
dilakukan oleh PT Dian Artha Tama, aktuaris
independen,
yang
laporannya
bertanggal
11 Februari 2010, 12 Februari 2009 dan
20 Februari 2008, menggunakan metode
“Projected Unit Credit” dengan asumsi-asumsi
sebagai berikut:
Tingkat diskonto per tahun
Tingkat kenaikan gaji
Tingkat pengunduran diri
Due to related parties to
total liabilities (Note 15)
Expense to related parties to
total expenses
Revenue from related parties to
total operating revenue
Calculation of employee benefits obligation was
based on the reports of PT Dian Artha Tama, an
independent actuarial firm, in its reports dated
February 11, 2010, February 12, 2009 and
February 20, 2008. The calculation used was
“Projected Unit Credit” method with the following
assumptions:
2009
2008
2007
10%
6%
5%
12%
6%
5%
10%
8%
3%
Beban imbalan kerja karyawan tahun berjalan
dicatat sebagai “Beban Karyawan” dalam laporan
laba rugi tahun.
Discount rate per annum
Salary growth rate
Early retirement rate
Employee benefits expense for the current year
was recorded in “Personnel Expense” in the
statements of income.
57
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
33. KEWAJIBAN IMBALAN KERJA (Lanjutan)
Kewajiban imbalan
sebagai berikut:
kerja
karyawan
33. EMPLOYEE BENEFITS OBLIGATION
(Continued)
adalah
2009
Nilai kini kewajiban manfaat
karyawan
Kerugian (keuntungan) aktuarial yang
belum diakui
Kewajiban Bersih yang Diakui
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
27.195.995.520
(2.045.579.441 )
25.150.416.079
Employee benefits obligation was as follows:
2008
16.819.741.697
2.812.546.233
19.632.287.930
Beban imbalan kerja karyawan adalah sebagai
berikut:
2009
2007
18.936.485.899
(5.090.611.608 )
13.845.874.291
2008
2007
5.303.807.485
1.681.974.170
(110.240.369 )
3.991.244.638
2.272.378.308
314.036.364
4.129.630.711
654.624.596
(150.900.351 )
Jumlah
6.875.541.286
6.577.659.310
4.633.354.956
Mutasi kewajiban imbalan kerja karyawan adalah
sebagai berikut:
2008
13.845.874.291
6.577.659.310
(791.245.671 )
Saldo Akhir Tahun
25.150.416.079
19.632.287.930
Jumlah Aset
9.303.911.121
4.633.354.956
(91.391.786 )
13.845.874.291
Beginning balance
Employee benefits expense
Actual benefits payments
Ending Balance
34. MONETARY ASSETS AND LIABILITIES IN
FOREIGN CURRENCY
Pada tanggal 31 Desember 2009, 2008 dan 2007,
Perusahaan memiliki aset dan kewajiban moneter
dalam mata uang asing sebagai berikut:
2009
Total
2007
19.632.287.930
6.875.541.286
(1.357.413.137 )
Aset
Kas dan setara kas
Dolar AS
Investasi jangka pendek
Dolar AS
Kas yang dibatasi penggunaannya
Dolar AS
Jaminan
Dolar AS
Current-service cost
Interest cost
Amortization of actuarial loss
Movements of employee benefits obligation were
as follows:
Saldo awal tahun
Beban imbalan kerja karyawan
Realisasi pembayaran manfaat
34. ASET DAN KEWAJIBAN MONETER DALAM
MATA UANG ASING
Net Liabilities Recorded In
Balance Sheet
Employee benefits expense was as follows:
Biaya jasa kini
Biaya bunga
Kerugian aktuarial yang diakui
2009
Present value of benefit
obligation
Unrecognized actuarial
loss (gain)
As of December 31, 2009, 2008 and 2007, the
Company had monetary assets and liabilities
denominated in foreign currency as follows:
2008
2007
292.419.013.423
214.875.232.126
33.268.828.991
46.466.215.642
-
47.095.000.000
39.745.869.788
31.856.593.772
27.402.489.199
3.146.001.118
3.607.543.200
3.286.835.069
Assets
Cash and cash equivalents
US Dollar
Short-term investments
US Dollar
Restricted cash in bank
US Dollar
Security deposits
US Dollar
381.777.099.971
250.339.369.098
111.053.153.259
Total Assets
58
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
34. ASET DAN KEWAJIBAN MONETER DALAM
MATA UANG ASING (Lanjutan)
34. MONETARY ASSETS AND LIABILITIES IN
FOREIGN CURRENCY (Continued)
2009
Kewajiban
Hutang usaha
Dolar AS dan lain-lain
Hutang lain-lain
Dolar AS
Pinjaman bank
Dolar AS
2008
2007
739.024.114.361
406.511.965.181
113.342.583.284
2.065.363.058
1.372.727.094
2.450.336.723
1.540.426.880.000
1.587.750.000.000
1.365.755.000.000
Liabilities
Trade payables
US Dollar and other curencies
Other payables
US Dollar
Bank loan
US Dollar
Jumlah kewajiban
2.281.516.357.419
1.995.634.692.275
1.481.547.920.007
Total liabilities
Kewajiban Bersih
1.899.739.257.448
1.745.295.323.177
1.370.494.766.748
Net Liabilities
35. LABA BERSIH PER SAHAM
35. EARNINGS PER SHARE
Akun ini terdiri dari:
This account consists of:
2009
Laba bersih
Jumlah rata-rata tertimbang saham
per saham dasar
Jumlah rata-rata tertimbang saham
per saham dasar dilusian
2008
2007
98.442.112.191
136.812.627.065
144.268.988.873
28.482.417.579
26.361.142.022
18.854.505.393
-
26.372.054.483
19.436.103.653
Net income
Weighted average number of
ordinary shares
Weighted average number of
diluted shares
3,456
5,190
7,652
Basic Earnings Per Share
-
5,188
7,423
Diluted Earnings Per Share
Laba Bersih per Saham Dasar
Laba Bersih per Saham
Dasar Dilusian
Pada tanggal 31 Desember 2009, tidak terdapat
efek berpotensi saham biasa dilutif.
36. TARIF JASA TELEKOMUNIKASI
As of December 31, 2009, there are no dilutable
potential ordinary share securities.
36. TELECOMMUNICATIONS TARIFFS
Berdasarkan Undang-undang No. 36 tahun
1999 tanggal 8 September 1999 tentang
“Telekomunikasi” dan Peraturan Pemerintah
No. 52 tahun 2000 tanggal 11 Juli 2000 tentang
“Penyelenggaraan Telekomunikasi”, tarif untuk
penggunaan jaringan dan jasa telekomunikasi
ditentukan oleh operator berdasarkan jenis dan
struktur tarif serta mempertimbangkan formula
batasan harga yang ditentukan oleh pemerintah.
Under the Law No. 36 Year 1999
dated
September
8,
1999
concerning
“Telecommunication”
and
Government
Regulation
No. 52 Year
2000
dated
July 11, 2000 regarding “Provision of
Telecommunication”, tariffs for the use of
telecommunication
network
and
telecommunication services are determined by
providers based on the structure and tariff
category with consideration of a price formula set
by the government.
Tarif Telepon Tetap Tanpa Kabel Dengan
Mobilitas Terbatas
Tariff of Telephone for Wireless Fixed Line
with Limited Mobility
Berdasarkan Keputusan Menteri Perhubungan
No. 35 Tahun 2004 tanggal 11 Maret 2004,
tentang “Penyelenggaraan Jaringan Tetap Lokal
Tanpa Kabel dengan Mobilitas Terbatas”,
susunan tarif jasa telekomunikasi teleponi dasar
jaringan tetap lokal tanpa kabel dengan mobilitas
terbatas, terdiri dari:
Based on Decision Letters of Minister of
Transportation No. 35 Year 2004, dated
March 11, 2004 regarding the provision of “Local
Fixed Wireless Fixed with Limited Mobility”, the
structure of tariffs for local fixed wireless fixed
with limited mobility is as follows:
59
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
36. TARIF JASA TELEKOMUNIKASI (Lanjutan)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
36. TELECOMMUNICATIONS TARIFFS
(Continued)
1. Tarif jasa pasca bayar, terdiri dari:
a) Biaya aktivasi
b) Biaya bulanan
c) Biaya pemakaian
d) Biaya fasilitas tambahan
1. Tariffs for post-paid services are as follows:
a) Activation fee
b) Subscription fee
c) Usage charge
d) Additional facilities fee
2. Tarif jasa pra bayar, terdiri dari:
a) Biaya aktivasi
b) Biaya pemakaian
c) Biaya fasilitas tambahan
2. Tariffs for prepaid services are as follows:
a) Activation fee
b) Usage charge
c) Additional facilities fee
Tarif telepon tetap dikenakan pada akses dan
pemakaian jaringan. Biaya akses terdiri dari biaya
aktivasi yang dibebankan satu kali dan biaya
langganan bulanan. Biaya pemakaian diukur
dalam rupiah per menit dan dikategorikan sebagai
sambungan lokal atau jarak jauh. Besarnya tarif
tergantung pada jarak percakapan, lama
percakapan, waktu percakapan dan hari-hari
tertentu dalam seminggu dan hari libur.
The tariff for fixed line is charged to network
access and usage charge. Access fee includes
activation fee, which is charged only once and a
monthly subscription fee. Usage charge is in
Rupiah per minute and is categorized as local or
long-distance calls. The tariff amount depends
on call distance, call duration, call time and
special days in a week and holidays.
Besaran tarif telepon tetap didasarkan pada
KM. 19/2001 tentang “Tarif Jasa Telepon Dalam
Negeri dan Birofax Dalam Negeri”. Tata cara
penyesuaian tarif dasar jasa telekomunikasi
dalam negeri diatur berdasarkan Keputusan
Menteri Perhubungan KM No. 12 tahun 2002
tanggal 29 Januari 2002 (KM. 12 tahun 2002)
mengenai penyempurnaan Keputusan Menteri
Pariwisata, Pos dan Telekomunikasi (sekarang
Departemen Perhubungan) No. KM. 79 tahun
1995 (KM. 79 tahun 1995) tentang “Penyesuaian
Tarif dan Jasa Telekomunikasi Dalam Negeri”.
The tariff for fixed line was based on
KM. 19/2001 concerning “Tariff for Domestic
Call Service and Domestic Birofax”. The
regulation for basic tariff for domestic
telecommunication services is based on the
Decision Letter of Minister of Transportation KM
No. 12 year 2002 dated January 29, 2002
(KM. 12 year 2002) regarding the amendment of
Decision Letter of Minister of Tourism, Post
and Telecommunication (currently Department
of Transportation) No. KM. 79 year 1995
concerning (KM. 79 year 1995) “Adjustment for
Domestic
Telecommunication
Tariffs
and
Services”.
Selanjutnya Menteri Perhubungan Republik
Indonesia menerbitkan Surat No. PK.304/1/3/
PHB-2002 tanggal 29 Januari 2002 mengenai
batasan kenaikan tarif jasa teleponi dasar.
Berdasarkan surat tersebut, kenaikan tarif telepon
tetap dalam negeri untuk waktu tiga (3) tahun
adalah sebesar 45,49% dan untuk tahun 2002
kenaikan rata-rata adalah sebesar 15%. Kenaikan
tersebut berlaku mulai tanggal 1 Februari 2002.
Furthermore. the Minister of Transportation of
the Republic of Indonesia issued Letter
No. PK.304/1/3/PHB-2002 dated January 29,
2002 concerning limitation for basic tariff
increase in the telecommunication service.
Based on the letter, the increase of tariff for
domestic fixed line telephone for a 3-year
period is 45.49% and for 2002 the average
increase in tariff was 15%. The increase began
on February 1, 2002.
60
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
36. TARIF JASA TELEKOMUNIKASI (Lanjutan)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
36. TELECOMMUNICATIONS TARIFFS
(Continued)
Biaya pemakaian yang dibebankan kepada
pelanggan yang menghubungi pelanggan lain,
adalah sebagai berikut:
Jenis Panggilan
Lokal
Jarak Jauh:
Pasca Bayar Max
(Rp/menit)/
Max Post Paid
(Rp/minute)
The usage charges to customers who make a
call to other customers are as follows:
Pra Bayar Max
(Rp/menit)/
Max Pre Paid
(Rp/minute)
FWP Max
(Rp/menit)/
Max FWP
(Rp/minute)
Type of Calls
250
250
250
- Zona dekat (<200 km)
1.290
1.290
1.290
- Zona sedang (200 - 500 km)
1.815
3.000
1.815
- Zona Jauh (>500 km)
2.270
3.000
2.270
Local
Long-Distance:
Short-Distance Zone (<200 km)
Medium- Distance Zone (200 - 500 km)
Long-Distance Zone (>500 km)
550
800
500
Mobile:
Local
Mobile:
Lokal
Jarak Jauh:
- Zona dekat (<200 km)
2.100
2.100
1.700
- Zona sedang (200 - 500 km)
2.625
3.800
2.225
- Zona Jauh (>500 km)
3.080
3.800
2.680
Pada bulan April 2008, Menteri Komunikasi
dan
Informatika
mengeluarkan
Peraturan
No. 15/Per/M.KOMINFO/4/2008 tentang Tata
Cara Penetapan Tarif Jasa Teleponi Dasar Yang
Disalurkan Melalui Jaringan Tetap, yang
mencabut peraturan sebelumnya yaitu Peraturan
Menteri Komunikasi dan Informatika Nomor:
09/Per/M.KOMINFO/02/2006 tentang Tata cara
Penetapan Tarif Awal dan Tarif Perubahan Jasa
Teleponi Dasar Melalui Jaringan Tetap.
Berdasarkan peraturan tersebut. penentuan Tarif
Dasar harus berdasarkan formula biaya.
37. INTERKONEKSI
Pada tanggal 8 Februari 2006, telah diterbitkan
ketentuan mengenai interkoneksi tertuang pada
Peraturan Menteri No. 08/Per/M.KOMINFO/02/
2006 (PM. 08/2006) yang menetapkan tarif
interkoneksi antara jaringan telekomunikasi
selular dengan PSTN, jaringan telekomunikasi
selular bergerak dan jaringan telekomunikasi
selular
dalam
negeri
lainnya,
jaringan
telekomunikasi internasional dengan PSTN dan
PSTN dalam negeri lainnya.
Long-Distance:
Short-Distance Zone (<200 km)
Medium-Distance Zone (200 - 500 km)
Long-Distance Zone (>500 km)
In April 2008, the Minister of Information
and
Communication
issued
regulation
No. 15/Per/M.KOMINFO/4/2008
concerning
“Procedure for Stipulation of Basic Telephone
Service Tariff for Fixed Network, which revoked
the previous rules of Regulation of the Minister
of Communication and Information Number:
09/Per/M.KOMINFO/02/2006 of Procedure and
Initial Stipulation of Tariff Rate Change Basic
Telephony Services for Fixed Network. Based
on this regulation, the determination of basic
tariff should be based on a cost-based formula.
37. INTERCONNECTION
On February 8, 2006, Minister Decree
No. 08/Per/M.KOMINFO/02/2006 (PM. 08/2006).
the
regulation
regarding
interconnection
was
issued.
prescribing
interconnection
tariff structures between mobile cellular
telecommunication
networks
and
Public
Switched Telephone Networks (PSTNs), mobile
cellular telecommunication network. and other
domestic mobile cellular telecommunication
networks.
international
telecommunication
networks and PSTNs, and other domestic
PSTNs.
61
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
37. INTERKONEKSI (Lanjutan)
37. INTERCONNECTION (Continued)
Sejak tanggal 1 Januari 2007, Perusahaan
menggunakan perhitungan tarif interkoneksi
berbasis biaya untuk perhitungan transaksi
interkoneksi yang mengacu kepada Peraturan
Menteri PM. 08/2006.
Starting January 1, 2007, the Company used the
cost-based computation for interconnection
transactions in accordance with Minister Decree
PM. 08/2006.
Perhitungan tarif interkoneksi dari masing-masing
penyelenggara dilakukan dengan menggunakan
formula berbasis biaya sebagaimana ditetapkan
dalam PM. 08/2006. Perusahaan mengadakan
Nota Kesepakatan tentang kerjasama interkoneksi
jaringan telekomunikasi dengan penyelenggara
jaringan penyelenggara jaringan tetap lainnya
maupun dengan jaringan selular.
The computation of interconnection cost from
each telecommunication operator is based
on a cost-based formula as stated in
PM.08/2006. The Company had an Agreement
Note of cooperative interconnection between
telecommunication networks with fixed network
or cellular network.
Berdasarkan Nota Kesepakatan tersebut, maka
panggilan yang berasal dari Perusahaan ke
operator lainnya (originasi) menimbulkan “beban
interkoneksi”
yang
dibebankan
kepada
Perusahaan
(originator)
yang
melakukan
panggilan. Sementara itu, panggilan yang berasal
dari operator lainnya ke Perusahaan (terminasi),
menimbulkan “pendapatan interkoneksi” yang
dibebankan kepada operator lain yang melakukan
panggilan.
Based on the Agreement Note, the calls from
the Company to another operator (origination)
will charge “interconnection expense” that is
chargeable to the Company (originator) who
made the call. On the other hand, the calls from
another operator to the Company (termination),
will charge “interconnection revenue” that is
chargeable to the other operator who made the
call.
Beban Interkoneksi (Originasi)/
Interconnection Charge
(Origination)
Jenis Panggilan
Pendapatan Interkoneksi (Terminasi)/
Interconnection Revenue
(Termination)
Type of Calls
PSTN lokal
Rp73 per menit / Rp73 per minute
Rp73 per menit / Rp73 per minute
PSTN SLJJ
- Interkoneksi langsung
- Melalui transit
Rp174 per menit / Rp174 per minute
Rp510 per menit / Rp510 per minute
Rp174 per menit / Rp174 per minute
Rp174 per menit / Rp174 per minute
Long-distance call
Direct interconnection Through transit -
SLI
-
Rp549 per menit / Rp549 per minute
International call
Selular (Lokal)
- Interkoneksi langsung
- Melalui transit
Selular SLJJ
- Interkoneksi langsung
- Melalui transit
Rp361 per menit / Rp361 per minute
Rp152 per menit / Rp152 per minute
Rp453 per menit sampai
Rp152 per menit / Rp152 per minute
Rp807 per menit /
Rp453 per minute until Rp807 per minute
Rp471 per menit / Rp471 per minute
Rp152 per menit / Rp152 per minute
Rp563 per menit sampai
Rp152 per menit / Rp152 per minute
Rp807 per menit /
Rp563 per minute until Rp807 per minute
Mengacu kepada Peraturan Menteri No. 08/Per/
M.KOMINFO/02/2006 tentang tarif interkoneksi
antara jaringan telekomunikasi selular dengan
PSTN, jaringan telekomunikasi selular bergerak
dan jaringan telekomunikasi selular dalam negeri
lainnya, jaringan telekomunikasi internasional
dengan PSTN dan PSTN dalam negeri lainnya,
pada tanggal 5 Februari 2008 Badan Regulasi
Telekomunikasi Indonesis (BRTI) melalui suratnya
No. 009/DJPT.3/KOMINFO/II/2008
tentang
evaluasi Dokumen Penawaran Interkoneksi (DPI)
mengeluarkan acuan perubahan besaran biaya
interkoneksi untuk tahun 2008.
PSTN local
Cellular (local)
Direct interconnection Through transit -
Cellular long-distance call
Direct interconnection Through transit -
Referring to Minister Decree No. 08/Per/
M.KOMINFO/02/2006 (PM. 08/2006) regarding
interconnection tariff structures between mobile
cellular telecommunication networks and Public
Switched Telephone Networks (PSTNs), mobile
cellular telecommunication network, and other
domestic mobile cellular telecommunication
networks,
international
telecommunication
networks and PSTNs and other domestic
PSTNs. on February 5, 2008 Indonesian
Telecommunication Regulation Body (BRTI)
issued letter No. 009/DJPT.3/KOMINFO/II/2008
regarding evaluation of Interconnection Offerring
Document (DPI) that stated the basis of changes
in interconnection cost for year 2008.
62
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
37. INTERKONEKSI (Lanjutan)
37. INTERCONNECTION (Continued)
Berdasarkan hasil evaluasi BRTI tersebut,
besaran biaya interkoneksi untuk tahun 2008
adalah sebagai berikut:
Based on BRTI evaluation, the interconnection
cost for year 2008 is as follows:
Jenis Panggilan
Beban Interkoneksi (Originasi)/
Interconnection Charge (Origination)
Pendapatan Interkoneksi (Terminasi)/
Interconnection Revenue (Termination)
PSTN lokal
Rp73 per menit / Rp73 per minute
Rp73 per menit / Rp73 per minute
PSTN SLJJ
- Interkoneksi langsung
Rp560 per menit / Rp560 per minute
Rp137 per menit / Rp137 per minute
-
Rp612 per menit / Rp612 per minute
SLI
Selular (Lokal)
- Interkoneksi langsung
- Melalui transit
Selular SLJJ
- Interkoneksi langsung
- Melalui transit
Rp261 per menit / Rp261 per minute
Rp203 per menit / Rp203 per minute
Rp330 per menit sampai
Rp203 per menit / Rp203 per minute
Rp556 per menit /
Rp330 per minute until Rp556 per minute
Rp380 per menit / Rp380 per minute
Rp203 per menit / Rp203 per minute
Rp449 per menit sampai
Rp203 per menit / Rp203 per minute
Rp675 per menit /
Rp449 per minute until Rp675 per minute
38. LISENSI JASA TELEKOMUNIKASI
Type of Calls
PSTN local
Long-distance call
Direct interconnection International call
Cellular (local)
Direct interconnection Through transit -
Cellular long-distance call
Direct interconnection Through transit -
38. TELECOMMUNICATION SERVICE LICENSE
Pada tanggal 30 Juni 2000, Perusahaan
diperbolehkan untuk mengelola fasilitas sistem
jasa
sebagai
“Penyedia
Jasa
Internet”
berdasarkan Surat Keputusan dari Direktur
Jenderal Pos dan Telekomunikasi, Departemen
Komunikasi dan Informatika No. 237/Dirjen/2006.
On June 30, 2000, the Company was granted
permission to organize
service system
facilities as “Internet Service Provider” based
on Decision Letter of the General Director of
Post and Telecommunication, Department of
Communication and Information No. 237/Dirjen/
2006.
Pada tanggal 25 Agustus 2004, Perusahaan
memperoleh jasa telekomunikasi tetap lokal dan
lisensi jasa teleponi dasar “Lisensi untuk Jaringan
Tetap Lokal dengan Akses Radio dan Lisensi
Teleponi Dasar” berdasarkan Surat Keputusan
dari Menteri Perhubungan Republik Indonesia
No. KP.282 tahun 2004. Lisensi diberikan untuk
(i) Jaringan Tetap Lokal dengan akses radio
frekuensi band 825 Mhz 835 Mhz dan
berpasangan dengan 870 MHz 880 Mhz dan
(ii) Jasa Teleponi Dasar dengan jangkauan di
provinsi DKI Jakarta, Jawa Barat dan Banten,
Jasa Jaringan Tetap Lokal dengan akses radio
dan jasa teleponi dasar ini sesuai dengan
Peraturan No. 36/1999 tentang Telekomunikasi.
On August 25. 2004. the Company obtained a
local fixed telecommunication service and basic
telephone service license “License for Local
Fixed Network with Radio Access and Basic
Telephone License” based on the Decision Letter
of Minister of Transportation of the Republic of
Indonesia No. KP.282 year 2004. The license
was given for (i) Local Fixed network with radio
access frequency bandwith of 825 Mhz 835 Mhz
and pair-off with 870 MHz 880 Mhz and (ii) Basic
Telephone Service covering DKI Jakarta, West
Java and Banten province. This Local Fixed
Network service with Radio Access and Basic
Telephone Service is in accordance with Law
No. 36/1999 of Telecommunication.
Berdasarkan Surat Keputusan Direktur Jenderal
Pos dan Telekomunikasi. Departemen Komunikasi
dan Informatika No. 16/Dirjen/2006 tanggal
23 Januari 2006. Perusahaan memperoleh suatu
lisensi untuk mengoperasikan Jasa Telepon
Internet untuk Keperluan Publik (ITKP) dengan
jangkauan nasional. Lisensi pengaturan ITKP
didasarkan pada Undang-undang Telekomunikasi
No. 36/2000.
Based on the Decision Letter from General
Director of Post and Telecommunication.
Department of Communication and Information
No. 16/Dirjen/2006 on January 23, 2006, the
Company obtained a license to operate Internet
Telephone Service for Public Needs (ITKP) with
national coverage. The license of organizing
ITKP is based on Law No. 36/2000 regarding
Telecommunication.
63
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
38. LISENSI JASA TELEKOMUNIKASI (Lanjutan)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
38. TELECOMMUNICATION SERVICE LICENSE
(Continued)
Pada tanggal 12 Desember 2006, Perusahaan
memperoleh izin prinsip untuk jasa jaringan
tetap lokal dan jasa teleponi dasar dengan
luas jangkauan nasional. berdasarkan Surat
Keputusan dari Menteri Komunikasi dan
Informatika Republik Indonesia No. 181/KEP/M.
KOMINFO/12/2006 tentang Alokasi Saluran
Frekuensi Radio 800 Mhz untuk Jaringan Telepon
Tetap Lokal Tidak Bergerak Tanpa Kabel dengan
mobilitas terbatas dan mobilitas jaringan
selular. Hal tersebut juga telah disetujui oleh
Pemerintah pada tanggal 12 Desember 2006
sesuai dengan surat No. 142/DJPT. 1/KOMINFO/
12/2006. Sehubungan dengan hal itu. Perusahaan
diberikan izin dalam penggunaan frekuensi band
800 Mhz dengan saluran nomor: 37, 78 dan 119,
untuk mengatur (i) jaringan tetap lokal tanpa kabel
dengan akses radio dan (ii) jasa teleponi dasar
dengan jangkauan nasional.
On December 12. 2006. the Company received a
principal license for Local Fixed Network and
Basic Telephone Service with nationwide
coverage. based on the Decision Letter of the
Minister of Communication and Information of
the Republic of Indonesia No. 181/KEP/M.
KOMINFO/12/2006 about Canal Allocation of
Radio Frequency bandwith 800 Mhz for
Local Fixed Wireless Network with Limited
Mobility
and
Mobility
Network
Cellular.
This was also approved by the Government
on
December
12.
2006
based
on
letter No. 142/DJPT. 1/KOMINFO/12/2006. In
accordance with this. the Company was given
permission to use frequency bandwith 800 Mhz
with canal number: 37, 78 and 119, to organize
(i) local fixed network with radio access and
(ii) basic telephone service with national
coverage.
Pada tanggal 15 Juni 2007, Perusahaan
memperoleh izin operasional untuk Jaringan
Tetap Lokal Tidak Bergerak dengan mobilitas
terbatas berdasarkan Surat Keputusan Menteri
Komunikasi dan Informatika Republik Indonesia
No. 298/KEP/M.KOMINFO/6/2007. Izin tersebut
diberikan untuk (i) Jaringan Tetap Lokal Tidak
Bergerak dengan mobilitas terbatas dengan
frekuensi Band 800 Mhz dengan nomor saluran
37, 78 dan 119 (ii) Jasa Teleponi Dasar dengan
jangkauan nasional. Izin regional No. KP.282
tahun 2004 tidak berlaku lagi sejak penerbitan izin
nasional ini.
On June 15, 2007, the Company was granted an
Operational License for Local Fixed Wireless
Network with Limited Mobility based on the
Decision Letter of the Minister of Communication
and Information of the Republic of Indonesia
No. 298/KEP/M.KOMINFO/6/2007. The license
was given for (i) Local Fixed wireless network
with limited mobility frequency bandwith of
800 Mhz with canal number 37, 78 and 119
(ii) Basic Telephone Service with nationwide
coverage. The regional license No. KP.282 year
2004 is no longer valid upon the issuance of this
nationwide license.
Pada tanggal 23 Januari 2009, Perusahaan
memperoleh izin prinsip untuk penyelenggaraan
jaringan
tetap
sambungan
langsung
jarak
jauh
(SLJJ),
berdasarkan
Surat
Keputusan dari Menteri Komunikasi dan
Informatika Republik Indonesia No. 31/KEP/
M.KOMINFO/01/2009 yang telah disetujui oleh
pemerintah tanggal 16 Desember 2008 sesuai
dengan Keputusan Menteri Komunikasi dan
Informatika
No. 379/KEP/M.KOMINFO/12/2008
tentang
penetapan
pemenang
seleksi
penyelenggaraan jaringan tetap sambungan
langsung jarak jauh.
On January 23, 2009, the Company received a
principal license of fixed direct line direct
long-distance conection, based on Decision
Letter of the Minister of Communication and
Information of the Republic of Indonesia
No. 31/KEP/M.KOMINFO/01/2009; this was also
approved on December 16, 2008 based on
Minister Decree No. 379/KEP/M.KOMINFO/12/
2008. which indicates the selected service
providers for fixed direct line long-distance
connection.
64
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
38. LISENSI JASA TELEKOMUNIKASI (Lanjutan)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
38. TELECOMMUNICATION SERVICE LICENSE
(Continued)
Pada tanggal 12 Februari 2009, Perusahaan
memperoleh izin untuk menyelenggaraan jaringan
tetap sambungan internasional (SLI) dan jasa
telephon dasar, berdasarkan Surat Keputusan
dari Menteri Komunikasi dan Informatika
Republik Indonesia No. 59/KEP/M.KOMINFO/02/
2009 tentang izin penyelenggaraan jaringan tetap
sambungan internasional PT Bakrie Telecom Tbk.
Izin penyelenggaraan SLI ini dilakukan evaluasi
setiap tahun dan evaluasi secara menyeluruh
setiap lima (5) tahun.
On February 12, 2009, the Company received a
license for International Fixed-Line Direct
Connection (SLI) and basic telephone service,
based on Decision Letter of the Minister of
Communication and Information of the Republic
of Indonesia No. 59/KEP/M.KOMINFO/02/2009
about license for International Fixed-Line Direct
Connection PT Bakrie Telecom Tbk. The SLI will
be evaluated annually and will be fully evaluated
every five (5) years.
Izin tersebut berlaku selama tiga (3) tahun hingga
habisnya kontrak. Kontrak ini mengharuskan
Perusahaan untuk membuat fasilitas untuk
membangun jaringan tetap sambungan langsung
jarak jauh.
The license granted is valid for three (3) years
upon execution of the contract. This contract
allows the Company to build facilities to establish
fixed line direct long-distance connection.
Seperti
yang
dituliskan
dalam
Perusahaan
diperintahkan
untuk
beberapa persyaratan sebagai berikut:
As stipulated in the contract, the Company is
mandated to comply with the following
requirements:
1.
2.
3.
4.
kontrak,
mentaati
Menggunakan produksi lokal minimal 35%;
Alokasi dana untuk pengembangan sumber
daya senilai 1% dari pendapatan kotor (Gross
Revenue);
Alokasi dana untuk kebutuhan penelitian,
pengembangan dan inovasi senilai 1% dari
pendapatan kotor;
Membayar Biaya Hak Penyelenggaraan
(BHP)
telekomunikasi
dan
kontribusi
Universal Service Obligation (USO).
39. PERJANJIAN DAN IKATAN YANG SIGNIFIKAN
1.
2.
3.
4.
Use local production of a minimum 35%;
Allocate funds for human resources
development amounting to 1% of gross
revenue;
Allocate
funds
for
research
need,
development and innovation amounting to
1% of gross revenue;
Pay Biaya Hak Penyelenggaraan (BHP)
telecommunication and contribution of
Universal Service Obligation (USO).
39. SIGNIFICANT AGREEMENTS AND
COMMITMENTS
Perusahaan memiliki perjanjian dan ikatan yang
signifikan. sebagai berikut:
The Company had outstanding significant
agreements and commitments. as follows:
Pihak Ketiga
Third Parties
a. PT Huawei Tech. Investment (Huawei)
a. PT Huawei Tech. Investment (Huawei)
1. Pada tanggal 12 Maret 2007, Perusahaan
dan Huawei menandatangani perjanjian
Kontrak Pengadaaan Peralatan untuk
CDMA tahap V-A Proyek Peralatan dengan
jumlah kontrak sebesar USD34.261.629
untuk jangka waktu 1 tahun dari 12 Maret
2007 sampai dengan 12 Maret 2008.
1. On March 12, 2007, the Company and
Huawei signed a Equipment Supply
Contract for CDMA Phase V-A Equipment
Project with a total contract price of
USD34,261,629 from March 12, 2007 until
March 12, 2008.
65
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
39. PERJANJIAN DAN IKATAN YANG SIGNIFIKAN
(Lanjutan)
39. SIGNIFICANT AGREEMENTS AND
COMMITMENTS (Continued)
2. Pada tanggal 3 Mei 2007, Perusahaan
dan Huawei menandatangani perjanjian
kerjasama
dimana
Huawei
akan
menyediakan peralatan telekomunikasi
kepada
Perusahaan
berdasarkan
pembiayaan pemasok dengan jangka
waktu lima (5) tahun dan jumlah maksimum
sebesar USD124.917.548 selama tahun
2007 dan 2008. Perjanjian akan berlaku
untuk periode satu (1) tahun kecuali
diakhiri lebih cepat oleh salah satu pihak
yang
melakukan
perjanjian
melalui
pemberitahuan tertulis kepada pihak
lainnya dalam waktu enam puluh (60) hari
sebelumnya, atau pihak-pihak terkait
menandatangani perjanjian definitif untuk
masing-masing
tranche
supply
dan
perjanjian definitif tersebut berlaku sah dan
efektif (Catatan 15).
b. PT Indosat Tbk.
2. On May 3, 2007, the Company and
Huawei entered into a Cooperation
Agreement, in which Huawei will supply
telecommunication equipment to the
Company on a vendor financing scheme
over five (5) years term with the maximum
value amounting to USD124,917,548
throughout year 2007 and 2008. The
agreement shall enter in force for a period
of one (1) year, unless terminated earlier
by either party upon sixty (60) days written
notice to the other party, or the parties
have entered into a definitive agreement
for respective tranche of supply and such
definitive agreement is validly effective
(Note 15).
b. PT Indosat Tbk.
Pada tanggal 18 Desember 2007, Perusahaan
dan
PT
Indosat
Tbk
(Indosat)
mengadakan
Perjanjian
Kerjasama
No. INDOSAT 0003/C00-CC0/LGL/2007 dan
No. BAKRIETEL 2392/EST-PKS/INDOSAT/XII/
2007
dan
Jaringan
Tetap
Indosat
No. INDOSAT 0006/C00-CC0/LGL/2007 serta
No. BAKRIETEL 2500/EST-PKS/INDOSAT/XII/
2007 tentang Interkoneksi Jaringan Bergerak
Jaringan Tetap Indosat. Perjanjian tersebut
mengatur hal-hal sebagai berikut :
On December 18, 2007, the Company
and PT Indosat Tbk (Indosat) signed a
Cooperation Agreement No. INDOSAT 0003/
C00-CC0/LGL/2007 and No. BAKRIETEL
2392/EST-PKS/INDOSAT/XII/2007
and
Interconnection of Indosat’s Fixed Line
No. INDOSAT 0006/C00-CC0/LGL/2007 and
No. BAKRIETEL 2500/EST-PKS/INDOSAT/
XII/2007 concerning “Mobility Network
Interconnection of Indosat’s Fixed Line.” The
agreement covers the following, among
others:
•
Interkoneksi antara jaringan bergerak
Selular Indosat dengan jaringan tetap lokal
Perusahaan dan jaringan tetap Indosat
dengan jaringan tetap lokal Perusahaan
sehingga setiap pengguna masing-masing
pihak dapat mengadakan atau menerima
panggilan interkoneksi dan dapat juga
mengirim dan menerima SMS ke atau dari
setiap pengguna pihak lainnya;
•
Interconnection between mobility network
interconnection of Indosat’s fixed line and
the Company’s local fixed line also
interconnection of Indosat’s fixed line with
the Company’s local fixed line, whereby
the users are being able to make and
receive connection and also send and
receive SMS to/or from other users;
•
Besarnya biaya interkoneksi adalah sesuai
dengan lalu lintas interkoneksi antara
Indosat dengan Perusahaan;
•
Total interconnection expenses are
according
to
traffic
interconnection
between Indosat and the Company;
•
Perjanjian-perjanjian
tersebut
berlaku
efektif sejak tanggal penandatanganan oleh
para pihak. Dalam hal tidak ada perubahan
atau pembatalan terhadap perjanjianperjanjian ini. maka perjanjian-perjanjian ini
akan tetap berlaku secara otomatis.
•
The agreement is effective from the
signing date by both parties. If there are
no changes or termination upon this
Cooperation Agreement, then it will be
effective automatically.
66
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
39. PERJANJIAN DAN IKATAN YANG SIGNIFIKAN
(Lanjutan)
39. SIGNIFICANT AGREEMENTS AND
COMMITMENTS (Continued)
Dengan telah ditandatanganinya Perjanjian
Kerjasama tentang Interkoneksi Jaringan
Telekomunikasi dengan Jaringan Bergerak
Selular dan dengan Jaringan Tetap Indosat
tanggal 18 Desember 2007 tersebut, maka
perjanjian-perjanjian interkoneksi yang telah
ditandatangani sebelumnya dinyatakan tidak
berlaku lagi.
c. PT Telekomunikasi Indonesia (Persero) Tbk
With the signing of the Cooperation
Agreement
regarding
Interconnection
Network Telecommunication by Mobility
Network Celular and Indosat Fixed Line
Netwok on December 18, 2007, the previous
interconnection agreement was no longer
effective.
c. PT Telekomunikasi Indonesia (Persero)
Tbk
Perusahaan
mengadakan
Perjanjian
Kerjasama
Interkoneksi
Jaringan
Telekomunikasi dengan PT Telekomunikasi
Indonesia
(Persero)
Tbk
(Telkom)
No. TELKOM 148/HK.810/DCI-A1000000/
2007 dan No. BAKRIETEL 2501/EST-PKS/
TELKOM/XII/2007, dimana masing-masing
pihak menyetujui hal-hal sebagai berikut:
The Company has Cooperation Agreement of
Interconnection Telecommunication Network
with PT Telekomunikasi Indonesia (Persero)
Tbk (Telkom) No. TELKOM 148/HK.810/DCIA1000000/2007 and No. BAKRIETEL 2501/
EST-PKS/TELKOM/XII/2007, which each
party agrees as follows:
•
Saling membuka seluruh prefiks dan/atau
kode akses, sehingga setiap pelanggan
dari
masing-masing
pihak
dapat:
memanggil dan/atau menerima panggilan
dari nomor pelanggan pihak lainnya.
memanfaatkan fitur-fitur atas panggilan
interkoneksi.
mengakses
atau
memanfaatkan berbagai jenis jasa telepon
pada operator lainnya;
•
Opening all prefix and/or access code, so
each customer can make call and receive
call from other operator number. using
features of interconnection call. accessing
or using some telephone services in other
operators;
•
Perjanjian dengan Telkom berlaku selama
dua (2) tahun, efektif mulai tanggal
1 Januari 2008 sampai dengan tanggal
31 Desember 2009 dan dapat diperpanjang
atau diakhiri sebelum masa berlakunya
berakhir berdasarkan kesepakatan para
pihak dalam bentuk amandemen/side
letter;
•
Agreement with Telkom is effective for
two (2) years. from January 1, 2008 to
December 31, 2009 and can be extended
or ended before the expiring date based
on agreement from both parties in the
form of amendment/side letter;
•
Dengan
ditandatanganinya
Perjanjian
Kerjasama
Interkoneksi
Jaringan
Telekomunikasi tanggal 28 Desember
2007
antara
Perusahaan
dengan
Telkom
tersebut,
maka
perjanjianperjanjian kerja sama interkoneksi beserta
semua perubahan/side letter/amandemen/
adendum
atas
perjanjian-perjanjian
yang telah ditandatangani sebelumnya
dinyatakan tidak berlaku lagi.
•
With the signing of the Cooperation
Agreement
of
Interconnection
Telecommunication Network between
Company
and
Telkom
dated
December 28, 2007, then the coorporation
agreement of interconnection and all
the amendment/side letter/addendum
previously signed were no longer effective.
67
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
39. PERJANJIAN DAN IKATAN YANG SIGNIFIKAN
(Lanjutan)
39. SIGNIFICANT AGREEMENTS AND
COMMITMENTS (Continued)
d. PT Excelcomindo Pratama Tbk
d. PT Excelcomindo Pratama Tbk
Perusahaan menandatangani Master Tower
Lease
Agreement
(MLTA)
dengan
PT Excelcomindo Pratama Tbk (XL) tertanggal
16 Juli 2008 mengenai sewa ruang atas satu
atau lebih menara telekomunikasi BTS untuk
menempatkan peralatan telekomunikasi yang
akan digunakan untuk sebagai operasional
usaha wireless Perusahaan.
The Company entered Master Tower Lease
Agreement (MLTA) with PT Excelcomindo
Pratama Tbk (XL) dated July 16, 2008,
regarding lease of space on one or more BTS
Towers and ground space of the property for
the placement the Company communication
equipment to be used in the operation of the
Company’s wireless business.
Perusahaan
mengadakan
Perjanjian
Kerjasama Tentang Interkoneksi Jaringan
Excelcomindo dengan Jaringan Tetap Lokal
Bakrie Telecom No. XL1420.A/XXXII.S.4620/
XL/XI/2007 dan No. BAKRIETEL 2336/ESTPKS/XL/XII/2007 tanggal 19 Desember 2007
yang mengatur sebagai berikut:
The
Company
has
Cooperation
Agreement
regarding
Interconnection
Network Exelcomindo by Fix Local Network
Bakrie Telecom No. XL1420.A/XXXII.S.4620/
XL/2007 and No. BAKRIETEL 2336/ESTPKS/XL/XII/2007 dated December 19, 2007,
which covers the following:
•
Interkoneksi langsung antara jaringan
Bakrie Telecom dengan jaringan Excelcom
sehingga setiap pengguna masing-masing
dapat mengirim atau menerima panggilan
atau SMS dari pelanggan masing-masing
perusahaan;
•
Direct interconnection between Bakrie
Telecom network and Excelcom network.
so each user can send or receive call or
SMS from each user of the company;
•
Perusahaan memiliki kewajiban untuk
membayar pendapatan interkoneksi bersih
Excelcom atas panggilan keluar melalui
STBS
milik
Excelcom
berdasarkan
peraturan pemerintah; dan
•
The Company has an obligation to pay
Excelcom for the net interconnection
revenue from outgoing calls made through
Excelcom’s network based on government
regulation; and
•
Perjanjian interkoneksi berlaku efektif sejak
tanggal 19 Desember 2007 dan akan
berlaku terus menerus selama jangka
waktu 5 tahun.
•
Interconnection agreement is effective for
5 years starting December 19, 2007.
e. PT Telekomunikasi Selular
e. PT Telekomunikasi Selular
Pada
tanggal
30
November
2007,
Perusahaan
mengadakan
Perjanjian
Kerjasama Interkoneksi Jaringan dengan
PT Telekomunikasi Selular (Telkomsel), anak
Perusahaan PT Telkom, yang bertujuan
mengganti perjanjian yang lama yang telah
ditandatangani kedua belah pihak. Perjanjian
ini mengatur hal-hal sebagai berikut:
On November 30, 2007, the Company and
PT Telekomunikasi Selular (Telkomsel), a
subsidiary of PT Telkom, entered into an
“Interconnection Agreement,” to revoke the
previous cooperation agreement that had
been signed by the parties, whereby each
party agreed among others. on the following:
•
•
Interkoneksi langsung antara jaringan
Telkomsel dengan jaringan Perusahaan
untuk
menyediakan
jasa
panggil
interkoneksi dan mengirim pesan pendek
(SMS) dan menerima panggilan atau
SMS dari pelanggan masing-masing
perusahaan;
Interconnection
of
the
Company’s
telecommunication
network
with
Telkomsel network to make outgoing or
receive incoming calls and short message
service (SMS) through Telkomsel and the
Company’s network from a customer of
either party;
68
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
39. PERJANJIAN DAN IKATAN YANG SIGNIFIKAN
(Lanjutan)
39. SIGNIFICANT AGREEMENTS AND
COMMITMENTS (Continued)
•
Perusahaan mempunyai kewajiban untuk
membayar kepada Telkomsel beban
interkoneksi sesuai dengan peraturan
Pemerintah atas pendapatan dari panggilan
keluar melalui sambungan Telkomsel; dan
•
The Company has an obligation to pay
interconnection expense to Telkomsel
based on the government regulation from
outgoing calls made through Telkomsel’s
networking; and
•
Perjanjian pertama dengan Telkomsel
tersebut berlaku untuk dua (2) tahun, efektif
sejak tanggal 1 November 2007 sampai
dengan 31 Oktober 2009 dan diperpanjang
secara otomatis untuk setiap dua (2) tahun
berikutnya.
•
The original agreement with Telkomsel.
effective for a term of two (2) years from
November 1, 2007 until October 31, 2009
will automatically be renewed and remain
effective for the next two (2) years.
f. PT Komuniksi Selular Indonesia dan
PT Metro Selular Nusantara
f. PT Komunikasi Selular Indonesia and
PT Metro Selular Nusantara
Pada tanggal 30 Januari 2004, Perusahaan
mengadakan
Perjanjian
Kerjasama
Interkoneksi Jaringan dengan PT Komunikasi
Selular Indonesia (Komselindo) dan PT Metro
Selular Nusantara (Metrosel) yang mengatur
hal-hal sebagai berikut:
On January 30, 2004, the Company.
PT
Komunikasi
Selular
Indonesia
(Komselindo), and PT Metro Selular
Nusantara (Metrosel) entered into a
Interconnection Agreement whereby each
party agreed among others on the following:
•
Interkoneksi jaringan Perusahaan dengan
Sambungan Telepon Bergerak Selular
(STBS) Komselindo dan Metrosel untuk
menyediakan jasa panggil dan mengirim
pesan SMS dan menerima panggilan atau
SMS dari pelanggan masing-masing
perusahaan;
•
Interconnection
of
the
Company’s
telecommunication network with cellular
lines of Komselindo and Metrosel network
to make outgoing or receive incoming calls
and SMS through Komselindo. Metrosel
and the Company’s network from a
customer of each party;
•
Perusahaan mempunyai kewajiban untuk
membayar kepada Komselindo dan
Metrosel biaya interkoneksi sesuai dengan
peraturan Pemerintah atas pendapatan dari
panggilan keluar melalui sambungan
Komselindo dan Metrosel; dan
•
The Company has an obligation to pay
interconnection charges to Komselindo
and Metrosel based on the government
regulation for outgoing calls made through
Komselindo and Metrosel networking; and
•
Perjanjian
dengan
Komselindo
dan
Metrosel tersebut berlaku secara efektif
sejak tanggal 30 Januari 2004 dan berlaku
terus menerus sampai dengan adanya
pemberitahuan tertulis untuk mengakhiri
perjanjian selambat-lambatnya enam (6)
bulan setelah pemberitahuan tertulis dari
salah
satu
pihak
atau
dihentikan
berdasarkan keputusan pemerintah yang
mencabut izin masing-masing pihak.
•
The agreement with Komselindo and
Metrosel effective from January 30, 2004
was valid and could be terminated at any
time within six (6) months after written
notice from either of the parties or
terminated based on a government
decree.
69
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
39. PERJANJIAN DAN IKATAN YANG SIGNIFIKAN
(Lanjutan)
39. SIGNIFICANT AGREEMENTS AND
COMMITMENTS (Continued)
Sehubungan
dengan
telah
efektifnya
penggabungan
usaha
antara
Metrosel,
Komselindo
dan
Telesera
ke
dalam
PT Mobile-8 Telecom Tbk. (Mobile-8) pada
tanggal 31 Mei 2007 berdasarkan Surat Efektif
Pemberitahuan Penggabungan dari Mobile-8
No. 054/M8-LGL/VI/2007 tanggal 22 Juni
2007, maka sejak tanggal efektif tersebut,
seluruh hak dan kewajiban Metrosel.
Komselindo
dan
Telesera
berdasarkan
Perjanjian Interkoneksi beralih secara hukum
kepada Mobile-8.
g. PT Hutchinson CP Telecommunications
In connection with the effective business
cooperation between Metrosel, Komselindo
and Telesera into PT Mobile-8 Telecom Tbk
(Mobile-8) on May 31, 2007 based on
Effective
Announcement
Letter
of
Cooperation from Mobile-8 No. 054/M8LGL/VI/2007 on June 22, 2007, all rights and
liabilities of Metrosel. Komselindo and
Telesera were transferred legally to Mobile-8
based on the Interconnection Agreement.
g. PT Hutchinson CP Telecommunications
Pada tanggal 22 Desember 2006, Perusahaan
mengadakan
Perjanjian
Kerjasama
Interkoneksi Jaringan Telekomunikasi dengan
PT Hutchinson
CP
Telecommunications
(“Hutchinson”), yang mengatur hal-hal sebagai
berikut:
On December 22, 2006, the Company
entered into a Cooperation Agreement of
Interconnection Telecommunication Network
with PT Hutchinson CP Telecommunications
(“Hutchinson”), which covers the following:
•
Interkoneksi antara jaringan telekomunikasi
Perusahaan
dengan
jaringan
telekomunikasi
Hutchinson,
sehingga
setiap
pelanggan
Perusahaan
dan
Hutchinson dapat mengadakan atau
menerima panggilan interkoneksi serta
dapat menerima atau mengirim SMS;
•
Interconnection
between
telecommunication network Company and
telecommunication network Hutchinson to
provide interconnection call service and
sending Short Message Service (SMS)
and receive call or SMS from each
Company customer;
•
Perusahaan
wajib
membayar
biaya
interkoneksi kepada Hutchinson dan
menjaga kualitas pelayanan interkoneksi
bagi pelanggannya;
•
The Company has obligation to pay
interconnection charges to Hutchinson
and maintain the quality of interconnection
services for customer;
•
Perjanjian
antara
Perusahaan
dan
Hutchinson tersebut berlaku secara efektif
sejak tanggal 22 Desember 2006 dan
berlaku
sampai
dengan
adanya
pemberitahuan tertulis untuk mengakhiri
perjanjian selambat-lambatnya enam (6)
bulan setelah pemberitahuan tertulis
dari salah satu pihak atau dihentikan
berdasarkan keputusan pemerintah.
•
The agreement between the Company
and
Hutchinson.
effective
from
December 22, 2006 was valid and could
be terminated at any time within six (6)
months after written notice from either of
the parties. or terminated based on a
government decree.
h. PT Smart Telecom
Perusahaan
mengadakan
Perjanjian
Kerjasama
Interkoneksi
Jaringan
Telekomunikasi dengan PT Smart Telecom
(“Smart”) pada tanggal 11 Mei 2007 yang
mengatur hal-hal sebagai berikut:
h. PT Smart Telecom
The Company has Cooperation Agreement of
Interconnection Telecommunication Network
with PT Smart Telecom (“Smart”) on May 11,
2007. which states the following:
70
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
39. PERJANJIAN DAN IKATAN YANG SIGNIFIKAN
(Lanjutan)
39. SIGNIFICANT AGREEMENTS AND
COMMITMENTS (Continued)
•
Interkoneksi antara jaringan tetap lokal
Perusahaan dengan jaringan bergerak
selular Smart agar dapat menyediakan jasa
telekomunikasi yang lebih handal, sehingga
Perusahaan
dan
Smart
saling
menyediakan layanan interkoneksi kepada
pelanggannya;
•
Interconnection
between
Company
telecommunication
network
and
telecommunication network Smart is for
providing
good
telecommunication
services and the Company and Smart can
provide interconnection services to its
customers;
•
Perusahaan
wajib
membayar
biaya
interkoneksi kepada Smart sebagai akibat
dari layanan ini dan juga sebaliknya;
•
The Company has the obligation to pay
the cost of interconnection service to
Smart and vice versa;
•
Perusahaan bersama-sama dengan Smart,
memiliki kewajiban terhadap pembiayaan,
pengadaan, pemasangan, pengoperasian,
pemeliharaan perangkat interkoneksi.
•
The Company and Smart have the
obligation in respect of the financing,
supplies, operation, installation, and the
maintenance of interconnection software.
Pada tanggal 6 November 2007, Perusahaan
dan Smart menandatangani amandemen
pertama terhadap Perjanjian Kerjasama
tentang Interkoneksi Jaringan Telekomunikasi
No. BAKRIETEL
2000/EST-Amd/SMART
TELECOM/XI/2007
dan
No. SMART:
AMD.283/LO-BOD/ST/RAI/XI/2007
untuk
mengubah
ketentuan
dalam
Perjanjian
Kerjasama
Interkoneksi
Jaringan
Telekomunikasi, berkaitan dengan perubahan
Izin Penyelenggaraan Jaringan Bergerak
Selular Smart.
i. PT Sampoerna Telekomunikasi Indonesia
On November 6, 2007. the Company and
Smart signed the first Amendment of
Cooperation Agreement of Interconnection
Telecommunication Network No. BAKRIETEL
2000/EST-Amd/SMART TELECOM/XI/2007
and No. SMART: AMD.283/LO-BOD/ST/
RAI/XI/2007
to
change
consideration
requirement in the Cooperative Agreement of
Interconnection Telecommunication Network
related with the amendment of license for
Mobility Network Cellular Smart.
i. PT Sampoerna Telekomunikasi Indonesia
Pada tanggal 17 April 2007, Perusahaan
mengadakan
perjanjian
kerjasama
interkoneksi jaringan telekomunikasi dengan
PT Sampoerna Telekomunikasi Indonesia
(STI) yang mengatur hal-hal sebagai berikut :
On April 17, 2007, the Company entered into
a Cooperative Agreement of Interconnection
Network with PT Sampoerna Telekomunikasi
Indonesia (STI). which covers the following:
•
Interkoneksi langsung antara jaringan STI
dan jaringan Perusahaan dan masingmasing dapat saling menyediakan layanan
interkoneksi dan dapat mengirim atau
menerima SMS;
•
Interconnection between the Company
telecommunication
network
and
telecommunication network STI is to
provide interconnection services and
sending short message service or SMS
from each Company customers;
•
Perusahaan
wajib
membayar
biaya
interkoneksi kepada STI dan sebaliknya;
•
The Company has the obligation to pay
the cost of these services to STI and vice
versa;
•
Perusahaan dan STI wajib menjaga kinerja
dan kualitas layanan masing-masing sesuai
parameter yang telah ditentukan;
•
The Company and STI have obligations to
maintain the performance and quality of
each service by determined parameters;
71
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
39. PERJANJIAN DAN IKATAN YANG SIGNIFIKAN
(Lanjutan)
39. SIGNIFICANT AGREEMENTS AND
COMMITMENTS (Continued)
•
Perjanjian antara Perusahaan dan STI
tersebut berlaku efektif sejak tanggal
17 April 2007 sampai dengan adanya
pemberitahuan tertulis untuk mengakhiri
perjanjian selambat-lambatnya enam (6)
bulan setelah pemberitahuan tertulis dari
salah
satu
pihak
atau
dihentikan
berdasarkan keputusan pemerintah.
j. Nortel Networks Singapore Pte. Ltd.
•
The agreement between the Company
and STI. effective from April 17, 2007 was
valid and could be terminated at any time
within six (6) months after written notice
from either of the parties. or terminated
based on a government decree.
j. Nortel Networks Singapore Pte. Ltd.
Pada tanggal 30 April 2002, Perusahaan dan
Nortel Networks Singapore Pte. Ltd. (Nortel
Networks), Singapura, mengadakan Perjanjian
Pengadaan dimana Nortel Networks akan
memasok peralatan untuk CDMA 2000 1X
Wireless Local Loop Network di Jakarta,
Bogor, Tangerang dan Bekasi (Jabotabek)
Indonesia dengan harga kontrak sebesar
USD18.308.786. Peralatan tersebut akan
meliputi perangkat lunak (software), bahanbahan dan jasa-jasa untuk membuat jaringan
dengan jumlah sekitar 100.000 saluran
langganan. Pada tanggal 19 Oktober 2004 dan
8 Juni 2004, Perusahaan mengadakan
ekspansi dua belas (12) BTS sebesar
USD98.885 dan tiga puluh dua (32) BTS
sebesar USD1.154.401 di wilayah Jabotabek.
On April 30, 2002, the Company and Nortel
Networks Singapore Pte. Ltd. (Nortel
Networks), Singapore, entered into a Supply
Agreement whereby Nortel Networks will
supply the equipment for a CDMA 2000 1X
Wireless Local Loop Network in Jakarta,
Bogor, Tangerang and Bekasi (Jabotabek),
Indonesia
for
a
contract
price
of
USD18,308,786. The equipment shall include
software, materials and services to implement
a network with 100,000 anticipated aggregate
subscriber lines. On October 19, 2004 and
June 8, 2004, the Company constructed
twelve (12) BTS with a contract price of
USD98,885 and thirty-two (32) BTS with a
contract price of USD1,154,401 in the
Jabotabek area.
Pada tanggal 24 Januari 2006, Perusahaan
dan Nortel Networks telah menandatangani
perjanjian pengadaan barang untuk kartu
XCEM senilai USD2.249.486.
On January 24, 2006, the Company and
Nortel Networks signed an agreement of
procurement for XCEM card for a contract
price amounting to USD2,249,486.
Selanjutnya, pada tanggal 7 Februari 2006,
Perusahaan
dan
Nortel
Networks
menandatangani
Perjanjian
Pengadaan
Barang dan Jasa untuk fase 1 atas STP
Project dan 123 BTS Expansion Project
dengan nilai kontrak sebesar USD1.117.842
dan Perjanjian Offshore Supply 123 BTS
Expansion Project Tranche A Supplies senilai
USD423.418, Tranche B Supplies senilai
USD2.216.551 dan Tranche C Supplies senilai
USD2.217.923.
Subsequently, on February 7, 2006, the
Company and Nortel Networks signed
another Supply and Service Agreement for
phase 1 of the STP project and 123 BTS
Expansion project with a total contract
amount of USD1,117,842, and Offshore
Supply Agreement 123 BTS Expansion
project amounting to Tranche A Supplies of
USD423,418,
Tranche
B
Supplies
of USD2,216,551 and Tranche C Supplies of
USD2,217,923.
Pada tanggal 7
dan PT Nortel
menandatangani
BTS Expansion
(Catatan 9).
In addition, on February 7, 2006, the
Company and Nortel Networks signed Local
Supply Agreement 123 BTS Expansion
Project amounting to USD594,332 (Note 9).
Februari 2006, Perusahaan
Networks Indonesia telah
Local Supply Agreement 123
Project senilai USD594.332
72
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
39. PERJANJIAN DAN IKATAN YANG SIGNIFIKAN
(Lanjutan)
39. SIGNIFICANT AGREEMENTS AND
COMMITMENTS (Continued)
Pada tanggal 15 Mei 2007, Perusahaan dan
Nortel Networks mengadakan Supply and
Service
Agreement
untuk
pengadaan
perangkat telekomunikasi proyek Expansions
to a CDMA1X Wireless Local Loop Network
untuk area Jabodetabek, Jawa Barat dan
lokasi lainnya di Indonesia.
k. Ceragon Networks Inc.
Pada tanggal 5 Februari 2007, Perusahaan
dan Ceragon Networks Inc, (Ceragon)
menandatangani
perjanjian
Kontrak
Pengadaan dan Penyambungan PDH MW
(247 hops), SDH MW (45 hops), MUX-STMI
dan NMS (plus 2xLCT) untuk proyek
ekspansi tahap VA dengan jumlah kontrak
sebesar USD5.432.723 untuk jangka waktu
tiga (3) tahun.
l. Perjanjian Konsorsium, Konstruksi dan
Pemeliharaan Palapa Ring
Pada tanggal 10 November 2007, Perusahaan
menandatangani
Perjanjian
Konsorsium.
Konstruksi
dan
Pemeliharaan
Palapa
Ring dengan Perusahaan lain (seperti
PT Excelcomindo Pratama Tbk, PT Indosat
Tbk, PT Infokom Elektrindo, PT Powertek
Utama Internusa dan PT Telekomunikasi
Indonesia Tbk) untuk membentuk suatu
konsorsium
untuk
membangun
dan
mengembangkan infrastruktur telekomunikasi
dalam bentuk sistem jaringan kabel serat optik
berkapasitas tinggi yang menghubungkan
pulau-pulau di Sulawesi, Nusa Tenggara,
Maluku dan Papua (“Jaringan Palapa Ring
Indonesia Timur” atau Palapa Ring). Perjanjian
tersebut terdiri dari komitmen konsorsium
dengan investasi lokal sejumlah USD225 juta.
Perjanjian tersebut akan berlaku efektif pada
tanggal dan tahun seperti disebutkan di atas
dan akan beroperasi hingga periode awal
limabelas (15) tahun diikuti dengan tanggal
pelayanan dan dapat diperpanjang untuk
5 tahun kedepan atas persetujuan antar pihak.
m. PT Mora Telematika Indonesia
Pada tanggal 28 November 2008, Perusahaan
melakukan kerjasama dengan PT Mora
Telematika Indonesia untuk menjual dan
memindahkan fasilitas telekomunikasi dan
peralatan yang dipasang antara Singapura Batam,
Indonesia
dan
Batam-Jakarta
Indonesia
yang
bertujuan
untuk
mengembangkan jaringan Perusahaan.
On May 15, 2007, the Company and Nortel
Networks entered into a Supply and Service
Agreement to provide telecommunication
software for the expansion project to a
CDMA1X Wireless Local Loop Network for
Jabodetabek area, West Java and other
locations in Indonesia.
k. Ceragon Networks Inc.
On February 5, 2007, the Company and
Ceragon Networks Inc. (Ceragon) entered
into a Contract Agreement for Supply and
Installation of PDH MW (247 hops), SDH MW
(45 hops), MUX-STMI and NMS (plus 2xLCT)
for Expansion Project Phase VA. with a
contract
price
of
USD5,432,723
for
three (3) years.
l. Palapa Ring Consortium, Construction
and Maintenance Agreement
On November 10, 2007, the Company signed
Palapa Ring Consortium. Construction
and Maintenance Agreement with other
companies (i.e. PT Excelcomindo Pratama
Tbk, PT Indosat Tbk, PT Infokom Elektrindo,
PT
Powertek
Utama
Internusa
and
PT Telekomunikasi Indonesia Tbk) in forming
a consortium to construct and develop
telecommunication infrastructure in the form
of high capacity fiber optic cable network
system connecting the islands of Sulawesi,
Nusa Tenggara, Maluku and Papua (referred
as “East Indonesia Palapa Ring Network”
or “Palapa Ring”). The agreement consists
of a consortium commitment with a total
investment
of
USD225
million.
The
agreement shall become effective on the date
and year first written above and shall continue
in operation for at least an initial period of
fifteen (15) years following the ready for
service date and may be extended for
another 5 years upon agreement of the
parties hereto.
m. PT Mora Telematika Indonesia
On November 28, 2008. the Company
engaged PT Mora Telematika Indonesia
to sell and transfer telecom facilities and
devices installed laying between SingaporeBatam,
Indonesia
and
Batam-Jakarta
Indonesia for the purpose of improving the
Company’s network.
73
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
39. PERJANJIAN DAN IKATAN YANG SIGNIFIKAN
(Lanjutan)
39. SIGNIFICANT AGREEMENTS AND
COMMITMENTS (Continued)
Perusahaan setuju untuk membeli fasilitas
sebesar USD2.900.000 tidak termasuk PPN
(Value-Added Tax). Termin pembayaran
adalah sebagai berikut :
The Company agreed to purchase the
facilities for USD2,900,000 excluding ValueAdded Tax. Payment terms are as follows:
1. Berdasarkan perjanjian, Perusahaan harus
membayar sebesar USD1.000.000.
2. Sisa saldo harus dibayarkan dalam 12 kali
cicilan sebesar USD158,333 setiap bulan.
1. The Company shall pay USD1,000,000
upon execution of the agreement.
2. The remaining balance shall be paid in
twelve (12) equal installments amounting
to USD158,333 per month.
Penalti untuk yang tidak dibayar harus sama
dengan 1% dari sisa pembayaran untuk setiap
hari pembatalan hingga maksimum 3%.
Penalities for the non-payments shall be
equal to 1% of the outstanding payment
due for each day of delay up to a maximum
of 3%.
n. PT Cipta Inti Perkasa
n. PT Cipta Inti Perkasa
1. Pada tanggal 14 Desember 2006,
Perusahaan mengadakan Perjanjian sewa
dengan PT Cipta Inti Perkasa (CIP) untuk
jangka waktu tiga (3) tahun. Biaya sewa
bulanan adalah sebesar USD812.500. CIP
berkewajiban untuk menyediakan seluruh
peralatan telekomunikasi, instalasi dan
termasuk
jasa
pemeliharaan
yang
diperlukan oleh Perusahaan.
1. On December 14, 2006, the Company
entered into a rental agreement with
PT Cipta Inti Perkasa (CIP) for a term of
three (3) years. The monthly rental fee is
USD812,500. Under the agreement, CIP
has an obligation to provide the Company
with
telecommunication
equipment,
installation,
and
also
maintenance
services.
2. Pada tanggal 19 September 2007,
Perusahaan dan PT CIP menyetujui untuk
mengakhiri perjanjian sewa dan membeli
perangkat telekomunikasi CIP seharga
USD49.270.000.
2. On September 19, 2007, the Company
and PT CIP agreed to terminate the rental
and purchased the telecommunication
equipment from CIP amounting to
USD49,270,000.
Pihak-pihak Hubungan Istimewa
Related Parties
a. PT Multi Kontrol Nusantara
a. PT Multi Kontrol Nusantara
Pada tanggal 20 Februari 2006, Perusahaan
dan PT Multi Kontrol Nusantara (MKN)
telah menandatangani Perjanjian Pekerjaan
dan Pemasangan Perangkat Antena IBS di
38 Lokasi dalam Rangka Pembangunan
Sarana
Telekomunikasi
di
Wilayah
JABODETABEK dan Jawa Barat. Pada
tanggal yang sama, Perusahaan dan MKN
telah menandatangani Perjanjian Pekerjaan
Pengadaan Civil Work & ME Procurement
dalam
rangka
Pembangunan
Sarana
Telekomunikasi (Catatan 32).
On February 20, 2006, the Company and
PT Multi Kontrol Nusantara (MKN) signed an
Agreement on Antenna IBS Equipment
Working and Installation with thirty-eight
(38) location in accordance with the
Telecommunication Facilities Development on
JABODETABEK Area and West Java. On the
same date, the Company and MKN signed
the Agreement of Civil Works & ME
Procurement of Telecommunication facilities
development (Note 32).
74
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
39. PERJANJIAN DAN IKATAN YANG SIGNIFIKAN
(Lanjutan)
39. SIGNIFICANT AGREEMENTS AND
COMMITMENTS (Continued)
b. PT Bakrie Swasakti Utama
b. PT Bakrie Swasakti Utama
Pada tanggal 12 Januari 2007, Perusahaan
memperpanjang perjanjian sewa dengan
PT
Bakrie
Swasakti
Utama
dari
tanggal 1 Januari 2007 sampai dengan
tanggal 31 Agustus 2008, yang dapat
diperbaharui
kembali
setelah
tanggal
perjanjian. Beban sewa dan service charge
per bulan adalah Rp110.446.050 untuk
lantai dasar, Rp80.948.400 untuk lantai
dua, Rp111.442.500 untuk lantai lima dan
Rp117.777.075 untuk lantai delapan dan lantai
sembilan (Catatan 32).
On January 12, 2007, the Company
extended its rental agreement with PT Bakrie
Swasakti Utama from January 1, 2007 until
August 31, 2008, subject to renewal after
the expiration date. The new rent and service
charges per month are Rp110,446,050 for
basement, Rp80,948,400 for second floor,
Rp111,442,500
for
fifth
floor
and
Rp117,777,075 for eight and ninth floors
(Note 32).
Pada tanggal 4 Desember 2007, Perusahaan
memperpanjang perjanjian sewa dengan
PT Bakrie Swasakti Utama dari tanggal
1 November 2007 sampai dengan tanggal
31 Oktober 2008 yang dapat diperbaharui
kembali setelah tanggal perjanjian berakhir.
Harga sewa baru dan jasa layanan untuk
area lantai 2 per bulan adalah sebesar
Rp59.362.160 (Catatan 32).
On December 4, 2007, the Company
extended its rental agreement with PT Bakrie
Swasakti Utama from November 1, 2007 until
October 31, 2008, subject to renewal after the
expiration date. The new rent and service
charges per month are Rp59,362,160 for the
second floor (Note 32).
Pada tanggal 1 September 2009, Perusahaan
memperpanjang perjanjian sewa dengan
PT Bakrie Swasakti Utama dari tanggal
1 September 2009 sampai dengan tanggal
31 Agustus 2010 yang dapat diperbaharui
kembali
setelah
tanggal
perjanjian
berakhir.
Harga
sewa
baru
untuk
luas area 5.769,75m2 adalah sebesar
Rp346.185.000 (Catatan 32).
On September 1, 2009, the Company
extended its rental agreement with PT Bakrie
Swasakti Utama from September 1, 2009
until August 31, 2010, subject to renewal after
the expiration date. The new rent per month
is Rp346,185,000 with 5,769.75m2 areas
(Note 32).
40. KONTINJENSI
40. CONTINGENCIES
Pada Tanggal 18 Juni 2008, Komisi Pengawasan
Persaingan
Usaha
(KPPU)
mengeluarkan
keputusan No. 26/KPPU-L/2007 agar Perusahaan
membayar denda sebesar Rp4.000.000.000
kepada Kas Negara atas pelanggaran Pasal 5
UU No. 5 tahun 1999 tentang Larangan Praktek
Monopoli dan Persaingan Usaha Tidak Sehat.
On June 18, 2008, the Business Competition
Supervisory Commision (KPPU) issued Decision
No. 26/ KPPU-L/2007 ordering the Company to
settle fines amounting to Rp4,000,000,000 to the
State Treasury (Kas Negara) for violating
Article 5 of Law No. 5 year 1999 on AntiMonopoly and Unfair Competition.
Perusahaan
mengajukan
keberatan
atas
keputusan KPPU pada tanggal 23 Juli 2008
kepada Pengadilan Negeri Jakarta Selatan. Kasus
ini masih belum dapat diselesaikan sampai
dengan tanggal penyelesaian laporan keuangan.
The Company filed a petition to object against
KPPU’s decision on July 23, 2008 to the South
Jakarta District Court. The case remained
pending as of the date of completion of financial
statements.
75
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
41. INFORMASI PENTING LAINNYA
41. OTHER SIGNIFICANT INFORMATION
Berdasarkan Rapat Umum Pemegang Saham
Luar Biasa (RUPSLB) pada tanggal 16 Desember
2008, seperti yang tertuang dalam Akta Notaris
No. 27 oleh Notaris Agus Madjid S.H. di Jakarta.
Dewan Komisaris, Direksi dan Pemegang Saham
menyetujui rencana untuk menjual 543 menara
telekomunikasi (BTS) dan fasilitas pendukungnya.
Based on the Company’s Extraordinary General
Meeting of Shareholders (EGMS) dated
December 16, 2008, as recorded in Notarial
Deed No. 27 of Agus Madjid S.H. Notary in
Jakarta. the Boards of Comissioners, Directors
and Shareholders approved the plan to divest a
maximum of 543 telecommunciation towers and
their supporting facilities.
Perusahaan memutuskan untuk fokus dalam
menjalankan usahanya sebagai penyelenggara
jasa
telekomunikasi
dan
jaringan
serta
merencanakan untuk memindahkan pengelolaan
menara telekomunikasi kepada tenaga ahli pihak
ketiga pada tahun 2009. Untuk melaksanakan
transaksi penjualan menara BTS, Perusahaan
diminta untuk memperoleh persetujuan atau
menyerahkan pernyataan tertulis kepada kreditur.
The Company decided to focus its business
operation as a network and telecommunication
service provider and plans to transfer its
telecommunication tower management to a third
party professional in 2009. To perform the Tower
Sale Transaction, the Company is required to
obtain approval or submit written notification to
the creditors in relation with the asset sale
transaction.
Pada tanggal 14 Mei 2009, Perusahaan
menandatangani perjanjian jual beli dengan
PT Solusi Tunas Pratama (STP) untuk penjualan
543 menara BTS dan fasilitas pendukungnya.
Proses penyerahan aset tersebut akan dilakukan
dalam 4 tahap. Pada tanggal 30 September 2009,
Perusahaan telah menyerahkan seluruh menara
BTS (543 BTS) dan fasilitas pendukungnya pada
tahap ke 4.
On May 14, 2009, the Company and PT Solusi
Tunas Pratama (STP) signed a sale and
purchase agreement for 543 telecommunication
towers and their supporting facilities. The sales
process will be divided into 4 batches.
On September 30, 2009, the Company
has delivered all telecommunication towers
(543 Towers) and their supporting facilities for
the fourth batch.
42. STANDAR AKUNTANSI YANG BARU
42. ACCOUNTING STANDARDS
PRONOUNCEMENTS
Ikatan Akuntan Indonesia (IAI) telah menerbitkan
revisi atas beberapa standar akuntansi yang
mungkin berdampak pada laporan keuangan.
The Indonesian Institute of Accountants (IAI) has
released revisions to several accounting
standards that may have certain impacts on the
financial statements.
Revisi berikut ini berlaku untuk laporan keuangan
yang periodenya dimulai pada atau setelah
1 Januari 2010:
The following revisions are effective for financial
statements for the period commencing from on
or after January 1, 2010:
-
-
-
PSAK 26 (Revisi 2009) - Biaya Pinjaman.
PSAK 50 (Revisi 2006) - Instrumen Keuangan:
Panyajian dan Pengungkapan.
PSAK 55 (Revisi 2006) - Instrumen Keuangan:
Pengakuan dan Pengukuran.
-
PSAK 26 (Revised 2009) - Borrowing Costs.
PSAK 50 (Revised 2006) - Financial
Instruments: Presentation and Disclosure.
PSAK 55 (Revised 2006) - Financial
Instruments: Recognition and Measurements.
Revisi yang relevan berikut ini berlaku untuk
laporan keuangan yang periodenya dimulai pada
atau setelah 1 Januari 2011:
The following relevant revisions are effective for
financial statements for the period commencing
from on or after January 1, 2011:
-
PSAK 1 (Revisi 2009) - Penyajian Laporan
Keuangan.
PSAK 2 (Revisi 2009) - Laporan Arus Kas.
-
PSAK 25 (Revisi 2009) - Kebijakan Akuntansi,
Perubahan Estimasi Akuntansi dan Kesalahan.
-
-
-
PSAK 1 (Revised 2009) - Presentation of
Financial Statements.
PSAK 2 (Revised 2009) - Statement of Cash
Flows.
PSAK 25 (Revised 2009) - Accounting
Policies, Changes in Accounting Estimates
and Errors.
76
PT BAKRIE TELECOM Tbk
CATATAN ATAS LAPORAN KEUANGAN
UNTUK TAHUN YANG BERAKHIR PADA TANGGAL
31 DESEMBER 2009
(Dengan Angka Perbandingan untuk Tahun yang
Berakhir pada Tanggal-tanggal 31 Desember 2008
dan 2007)
(Disajikan dalam Rupiah, kecuali dinyatakan lain)
42. STANDAR AKUNTANSI YANG BARU (Lanjutan)
PT BAKRIE TELECOM Tbk
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Figures for the Years Ended
December 31, 2008 and 2007)
(Expressed in Rupiah, unless otherwise stated)
42. ACCOUNTING STANDARDS
PRONOUNCEMENTS (Continued)
-
PSAK 48 (Revisi 2009) - Penurunan Nilai Aset.
-
-
PSAK 57 (Revisi 2009) - Provisi, Liabilitas
Kontinjensi dan Aset Kontinjensi.
PSAK 58 (Revisi 2009) - Aset Tidak Lancar
yang Dimiliki untuk Dijual dan Operasi yang
Dihentikan.
ISAK 10 - Program Loyalitas Pelanggan.
ISAK 11 - Distribusi Aset Nonkas kepada
Pemilik.
-
-
-
PSAK 48 (Revised 2009) - Impairment of
Assets.
PSAK 57 (Revised 2009) - Provisions,
Contingent Liabilities and Contingent Assets.
PSAK 58 (Revised 2009) - Non-Current
Assets Held for Sale and Discontinued
Operation.
ISAK 10 - Customer Loyalty Programmes.
ISAK 11 - Distribution of Non-Cash Assets to
Owners.
Selain itu, IAI juga telah mencabut beberapa
standar akuntansi, yang tanggal efektifnya
mengikuti ketentuan tanggal efektif dalam PSAK
lain yang terkait, yang relevan adalah sebagai
berikut:
Moreover, IAI has revoked several accounting
standards, the effective dates of which follow the
effective date of the provisions of the other
related PSAKs, the relevan one is as follows:
PPSAK No. 5 - Pencabutan ISAK 06: Interpretasi
atas Paragraf 12 dan 16 PSAK No. 55 (1999)
tentang Instrumen Derivatif Melekat pada Kontrak
dalam Mata Uang Asing.
PPSAK No. 5 - Revocation of ISAK 06:
Interpretation of Paragraphs 12 and 16 of
PSAK 55 (1999) on Embedded Derivative
Instruments in Foreign Currency Contract.
Perusahaan sedang mempelajari dampak yang
mungkin timbul dari penerapan standar-standar ini
terhadap laporan keuangan.
The Company is evaluating the potential impact
on the financial statements as a result of the
adoption of the above new accounting standards.
43. REKLASIFIKASI AKUN
43. RECLASSIFICATION OF ACCOUNT
Beberapa angka perbandingan dalam laporan
keuangan tahun 2007 telah direklasifikasi agar
sesuai dengan penyajian laporan keuangan tahun
2009. Reklasifikasi tersebut adalah sebagai
berikut:
Certain comparative figure in the 2007 financial
statements have been reclassified to conform to
the 2009 financial statements presentation.
These reclassification are as follows:
2007
Dilaporkan
Sebelumnya/
Previously
Reported
Neraca
Aset Lancar
Pajak dibayar di muka
Aset Tidak Lancar
Taksiran tagihan
pajak penghasilan
154.323.371.704
Reklassifikasi/
Reclassification
(16.605.318.565)
13.684.245.726
44. PENYELESAIAN LAPORAN KEUANGAN
Manajemen Perusahaan bertanggung jawab atas
penyusunan laporan keuangan ini yang di
selesaikan pada tanggal 15 Maret 2010.
16.605.318.565
Setelah
Reklassifikasi/
After
Reclassification
137.718.053.139
Balance Sheet
Current Assets
Prepaid Taxes
30.289.564.291
Non-Current Assets
Estimated claims for
tax refund
43. COMPLETION OF THE FINANCIAL
STATEMENTS
The management of the Company is responsible
for the preparation of these financial statements
that were completed on March 15, 2010.
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2009 Annual Report
PT Bakrie Telecom Tbk.
Wisma Bakrie I, 3rd Floor
Jl. H.R. Rasuna Said Kav. B-1
Jakarta Selatan 12920, Indonesia
Tel +6221 9110 1112
Fax +6221 9111 8888
www.bakrietelecom.com