Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2022 shares | |
Document and Entity Information | |
Document Type | 20-F |
Document Registration Statement | false |
Document Annual Report | true |
Document Period End Date | Dec. 31, 2022 |
Document Transition Report | false |
Document Shell Company Report | false |
Entity File Number | 1-14406 |
Entity Registrant Name | PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK |
Entity Incorporation, State or Country Code | ID |
Entity Address, Address Line One | Jl. Japati No. 1 |
Entity Address, City or Town | Bandung |
Entity Address, Postal Zip Code | 40133 |
Entity Address, Country | ID |
Entity Well-known Seasoned Issuer | Yes |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Emerging Growth Company | false |
ICFR Auditor Attestation Flag | false |
Document Accounting Standard | International Financial Reporting Standards |
Entity Shell Company | false |
Auditor Name | Purwantono, Sungkoro & Surja |
Auditor Firm ID | 1381 |
Auditor Location | Jakarta, Indonesia |
Entity Central Index Key | 0001001807 |
Amendment Flag | false |
Current Fiscal Year End Date | --12-31 |
Document Fiscal Year Focus | 2022 |
Document Fiscal Period Focus | FY |
First Business Contact | |
Document and Entity Information | |
City Area Code | 22 |
Local Phone Number | 452-7101 |
Second Business Contact | |
Document and Entity Information | |
Contact Personnel Name | Investor Relations Unit |
Entity Address, Address Line One | Telkom Landmark Tower |
Entity Address, Address Line Two | Jl. Jend. Gatot Subroto No. 52 |
Entity Address, Address Line Three | 39th Floor |
Entity Address, City or Town | Jakarta |
Entity Address, Postal Zip Code | 12710 |
Entity Address, Country | ID |
City Area Code | 21 |
Local Phone Number | 521-5109 |
Series A Dwiwarna Share | |
Document and Entity Information | |
Entity Common Stock, Shares Outstanding | 1 |
Series B shares | |
Document and Entity Information | |
Title of 12(b) Security | Series B Shares, par value 50 Rupiah per share |
No Trading Symbol Flag | true |
Security Exchange Name | NYSE |
Entity Common Stock, Shares Outstanding | 99,062,216,599 |
ADR | |
Document and Entity Information | |
Title of 12(b) Security | American Depositary Share representing 100 Series B Shares |
Trading Symbol | TLK |
Security Exchange Name | NYSE |
CONSOLIDATED STATEMENTS OF FINA
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION $ in Millions, Rp in Billions | Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) |
CURRENT ASSETS | |||
Cash and cash equivalents - net | Rp 31,947 | $ 2,052 | Rp 38,311 |
Other current financial assets - net | 1,349 | 87 | 493 |
Trade and other receivables - net | 8,895 | 571 | 8,705 |
Contract assets - net | 2,457 | 158 | 2,330 |
Inventories - net | 1,144 | 73 | 779 |
Assets held for sale | 6 | 0 | 818 |
Prepaid income taxes | 332 | 21 | 297 |
Prepaid other taxes | 1,512 | 97 | 2,537 |
Contract costs | 671 | 43 | 656 |
Other current assets | 6,760 | 434 | 6,362 |
Total Current Assets | 55,073 | 3,536 | 61,288 |
NON-CURRENT ASSETS | |||
Contract assets - net | 34 | 2 | 143 |
Long-term investments | 8,653 | 556 | 13,800 |
Contract costs | 1,741 | 112 | 1,608 |
Property and equipment | 171,491 | 11,015 | 163,205 |
Right-of-use assets | 21,531 | 1,383 | 19,253 |
Intangible assets | 8,302 | 533 | 7,506 |
Deferred tax assets - net | 4,369 | 281 | 3,824 |
Other non-current assets | 3,623 | 233 | 5,531 |
Total Non-current Assets | 219,744 | 14,115 | 214,870 |
TOTAL ASSETS | 274,817 | 17,651 | 276,158 |
CURRENT LIABILITIES | |||
Trade and other payables | 18,920 | 1,215 | 17,779 |
Contract liabilities | 6,295 | 404 | 6,795 |
Current income tax liabilities | 2,807 | 180 | 1,609 |
Other tax liabilities | 2,565 | 165 | 2,314 |
Accrued expenses | 15,445 | 992 | 15,885 |
Customer deposits | 2,382 | 153 | 2,416 |
Short-term bank loans and current maturities of long-term loans and other borrowings | 17,049 | 1,095 | 16,372 |
Current maturities of lease liabilities | 4,772 | 307 | 5,525 |
Total Current Liabilities | 70,235 | 4,511 | 68,695 |
NON-CURRENT LIABILITIES | |||
Deferred tax liabilities - net | 1,023 | 66 | 858 |
Contract liabilities | 1,561 | 100 | 1,283 |
Long service award provisions | 1,031 | 66 | 1,206 |
Pension benefits and other post-employment benefits obligations | 10,272 | 660 | 11,563 |
Long-term loans and other borrowings | 27,331 | 1,756 | 36,319 |
Lease liabilities | 13,701 | 880 | 10,363 |
Other liabilities | 588 | 37 | 699 |
Total Non-current Liabilites | 55,507 | 3,565 | 62,291 |
TOTAL LIABILITIES | 125,742 | 8,076 | 130,986 |
EQUITY | |||
Capital stock | 4,953 | 318 | 4,953 |
Additional paid-in capital | 1,977 | 127 | 1,977 |
Retained earnings | 121,730 | 7,819 | 114,438 |
Other reserves | 564 | 36 | 263 |
Net equity attributable to owners of the parent company | 129,224 | 8,300 | 121,631 |
Non-controlling interests | 19,851 | 1,275 | 23,541 |
TOTAL EQUITY | 149,075 | 9,575 | 145,172 |
TOTAL LIABILITIES AND EQUITY | Rp 274,817 | $ 17,651 | Rp 276,158 |
CONSOLIDATED STATEMENTS OF PROF
CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME $ in Millions, Rp in Billions | 12 Months Ended | |||
Dec. 31, 2022 IDR (Rp) Rp / shares | Dec. 31, 2022 USD ($) $ / shares | Dec. 31, 2021 IDR (Rp) Rp / shares | Dec. 31, 2020 IDR (Rp) Rp / shares | |
Disclosure of depositary receipts [line items] | ||||
REVENUES | Rp 147,306 | $ 9,462 | Rp 143,210 | Rp 136,447 |
COST AND EXPENSES | ||||
Operation, maintenance, and telecommunication service expenses | (38,184) | (2,453) | (38,133) | (34,575) |
Depreciation and amortization expenses | (33,129) | (2,128) | (31,714) | (28,925) |
Personnel expenses | (14,907) | (957) | (15,524) | (14,390) |
General and administrative expenses | (5,854) | (376) | (5,016) | (6,564) |
Interconnection expenses | (5,440) | (349) | (5,181) | (5,406) |
Marketing expenses | (3,929) | (252) | (3,633) | (3,482) |
Gains (loss) on foreign exchange - net | 256 | 16 | 50 | (86) |
Unrealized gain (loss) on changes in fair value of investments | (6,438) | (414) | 3,432 | 129 |
Other income - net | 35 | 3 | 162 | 810 |
OPERATING PROFIT | 39,716 | 2,552 | 47,653 | 43,958 |
Finance income | 878 | 56 | 558 | 800 |
Finance cost | (4,077) | (262) | (4,394) | (4,602) |
Share of loss of long-term investment in associates | (87) | (6) | (78) | (246) |
Impairment of long-term investment in associates | (763) | |||
PROFIT BEFORE INCOME TAX | 36,430 | 2,340 | 43,739 | 39,147 |
INCOME TAX (EXPENSE) BENEFIT | ||||
Current | (9,259) | (595) | (9,556) | (9,798) |
Deferred | 549 | 36 | (84) | 541 |
INCOME TAX (EXPENSE) BENEFIT | (8,710) | (559) | (9,640) | (9,257) |
PROFIT FOR THE YEAR | 27,720 | 1,781 | 34,099 | 29,890 |
Other comprehensive income (loss) to be reclassified to profit or loss in subsequent periods: | ||||
Foreign currency translation | 299 | 19 | 28 | 11 |
Changes in fair value of investments | 3 | 0 | (2) | 3 |
Share of other comprehensive income of long-term investment in associates | 1 | 0 | (1) | 1 |
Other comprehensive income (loss) not to be reclassified to profit or loss in subsequent periods: | ||||
Defined benefit actuarial gain (loss) - net | 1,464 | 94 | 1,955 | (3,596) |
Other comprehensive income (loss) - net | 1,767 | 113 | 1,980 | (3,581) |
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 29,487 | 1,894 | 36,079 | 26,309 |
Profit for the year attributable to: | ||||
Owners of the parent company | 20,736 | 1,332 | 24,877 | 21,052 |
Non-controlling interests | 6,984 | 449 | 9,222 | 8,838 |
PROFIT FOR THE YEAR | 27,720 | 1,781 | 34,099 | 29,890 |
Total comprehensive income for the year attributable to: | ||||
Owners of the parent company | 22,449 | 1,442 | 26,884 | 17,840 |
Non-controlling interests | 7,038 | 452 | 9,195 | 8,469 |
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | Rp 29,487 | $ 1,894 | Rp 36,079 | Rp 26,309 |
BASIC AND DILUTED EARNINGS PER SHARE | ||||
Profit per share - (Basic) | (per share) | Rp 209.32 | $ 0.01 | Rp 251.13 | Rp 212.51 |
Profit per share - (Diluted) | (per share) | 209.32 | 0.01 | 251.13 | 212.51 |
ADR | ||||
BASIC AND DILUTED EARNINGS PER SHARE | ||||
Profit per ADS (100 Series B shares per ADS) - (Basic) | (per share) | 20,932.30 | 1.34 | 25,112.50 | 21,251.29 |
Profit per ADS (100 Series B shares per ADS) - (Diluted) | (per share) | Rp 20,932.30 | $ 1.34 | Rp 25,112.50 | Rp 21,251.29 |
CONSOLIDATED STATEMENTS OF PR_2
CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (Parenthetical) | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME | |||
Number of Series B shares in each ADS | 100 | 100 | 100 |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY $ in Millions, Rp in Billions | Attributable to owners of the parent company IDR (Rp) | Capital stock IDR (Rp) | Additional paid-in capital IDR (Rp) | Retained earnings IDR (Rp) | Other reserves IDR (Rp) | Non-controlling interests IDR (Rp) | IDR (Rp) | USD ($) |
Balance at Dec. 31, 2019 | Rp 99,796 | Rp 4,953 | Rp 1,977 | Rp 92,644 | Rp 222 | Rp 17,428 | Rp 117,224 | |
Net comprehensive income for the year | ||||||||
Profit for the year | 21,052 | 21,052 | 8,838 | 29,890 | ||||
Other comprehensive income (loss) | (3,212) | (3,226) | 14 | (369) | (3,581) | |||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 17,840 | 17,826 | 14 | 8,469 | 26,309 | |||
Transaction with owners recorded directly in equity | ||||||||
Cash dividend | (15,262) | (15,262) | (7,778) | (23,040) | ||||
Capital contribution from non-controlling interests | 21 | 21 | ||||||
Net transactions with owners | (15,262) | (15,262) | (7,757) | (23,019) | ||||
Balance at Dec. 31, 2020 | 102,374 | 4,953 | 1,977 | 95,208 | 236 | 18,140 | 120,514 | |
Net comprehensive income for the year | ||||||||
Profit for the year | 24,877 | 24,877 | 9,222 | 34,099 | ||||
Other comprehensive income (loss) | 2,007 | 1,980 | 27 | (27) | 1,980 | |||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 26,884 | 26,857 | 27 | 9,195 | 36,079 | |||
Transaction with owners recorded directly in equity | ||||||||
Cash dividend | (16,643) | (16,643) | (13,242) | (29,885) | ||||
Changes in non-controlling interests | (72) | (72) | 73 | 1 | ||||
Changes in non-controlling interests from Initial public offering of subsidiary | 9,088 | 9,088 | 9,375 | 18,463 | ||||
Net transactions with owners | (7,627) | (7,627) | (3,794) | (11,421) | ||||
Balance at Dec. 31, 2021 | 121,631 | 4,953 | 1,977 | 114,438 | 263 | 23,541 | 145,172 | |
Net comprehensive income for the year | ||||||||
Profit for the year | 20,736 | 20,736 | 6,984 | 27,720 | $ 1,781 | |||
Other comprehensive income (loss) | 1,713 | 1,412 | 301 | 54 | 1,767 | 113 | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 22,449 | 22,148 | 301 | 7,038 | 29,487 | 1,894 | ||
Transaction with owners recorded directly in equity | ||||||||
Cash dividend | (14,856) | (14,856) | (10,103) | (24,959) | ||||
Repurchase of non-controlling interest shares | (681) | (681) | ||||||
Changes in non-controlling interests | 11 | 11 | ||||||
Investment from non-controlling interest for newly established indirect subsidiary | 45 | 45 | ||||||
Net transactions with owners | (14,856) | (14,856) | (10,728) | (25,584) | ||||
Balance at Dec. 31, 2022 | Rp 129,224 | Rp 4,953 | Rp 1,977 | Rp 121,730 | Rp 564 | Rp 19,851 | Rp 149,075 | $ 9,575 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Millions, Rp in Billions | 12 Months Ended | |||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||||
Cash receipts from customers and other operators | Rp 146,268 | $ 9,395 | Rp 143,902 | Rp 133,610 |
Cash receipts from tax refund | 2,411 | 155 | 3,768 | 4,687 |
Cash receipts from interests | 865 | 56 | 564 | 806 |
Cash payments for expenses | (45,559) | (2,926) | (44,811) | (40,533) |
Cash payments to employees | (14,052) | (903) | (13,262) | (11,057) |
Cash payments for corporate and final income taxes | (8,465) | (544) | (9,679) | (11,452) |
Cash payments for finance costs | (4,064) | (261) | (4,426) | (4,768) |
Cash payments for short-term and low-value lease assets | (3,873) | (249) | (5,308) | (3,731) |
Cash payments for value added taxes - net | (515) | (33) | (2,084) | (2,593) |
Cash receipts from (payments for) others - net | 338 | 23 | (311) | 348 |
Net cash provided by operating activities | 73,354 | 4,713 | 68,353 | 65,317 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Increase (decrease) in advances and other assets | 560 | 36 | (442) | |
Proceeds from sale of property and equipment | 526 | 34 | 756 | 236 |
Proceeds from insurance claims | 299 | 19 | 133 | 234 |
Dividend received from associated company | 17 | 1 | 5 | |
Purchases of property and equipment | (35,010) | (2,249) | (29,923) | (29,403) |
Purchase of intangible assets | (3,259) | (209) | (2,845) | (2,538) |
Addition of long-term investment in financial instrument | (1,401) | (90) | (6,400) | (2,837) |
Proceeds from (placement in) other current financial assets - net | (854) | (55) | 807 | (796) |
Net cash used in investing activities | (39,122) | (2,513) | (37,914) | (35,099) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Proceeds from loans and other borrowings | 35,958 | 2,310 | 46,612 | 24,469 |
Proceeds from initial public offering of subsidiary | 18,463 | |||
Proceeds from issuance of new shares of subsidiaries | 45 | 3 | ||
Repayments of loans and other borrowings | (44,304) | (2,846) | (43,740) | (24,380) |
Cash dividend paid to the Company's stockholders | (14,856) | (954) | (16,643) | (15,262) |
Cash dividend paid to non-controlling interests of subsidiaries | (10,103) | (649) | (13,242) | (7,778) |
Repayments of principal portion of lease liabilities | (7,024) | (451) | (4,225) | (4,959) |
Buyback from non-controlling interest shares by subsidiary | (681) | (44) | ||
Net cash used in financing activities | (40,965) | (2,631) | (12,775) | (27,910) |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (6,733) | (431) | 17,664 | 2,308 |
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | 370 | 22 | 59 | 40 |
ALLOWANCE FOR EXPECTED CREDIT LOSSES | (1) | 0 | (1) | 0 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR | 38,311 | 2,461 | 20,589 | 18,241 |
CASH AND CASH EQUIVALENTS AT END OF THE YEAR | Rp 31,947 | $ 2,052 | Rp 38,311 | Rp 20,589 |
GENERAL
GENERAL | 12 Months Ended |
Dec. 31, 2022 | |
GENERAL | |
GENERAL | 1. GENERAL a. Establishment and general information Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk. (the “Company”) was originally part of “Post en Telegraafdienst” In 1991, the status of the Company was changed into a state-owned limited liability corporation (“Persero”) based on Government Regulation No. 25/1991. The ultimate parent of the Company is the Government of the Republic of Indonesia (the “Government”) (Note 22). The Company was established based on Notarial Deed No. 128 dated September 24, 1991 of Imas Fatimah, S.H. The deed of establishment was approved by the Ministry of Justice of the Republic of Indonesia in its Decision Letter No. C2-6870.HT.01.01.Th.1991 dated November 19, 1991 and was published in State Gazette No. 5 dated January 17, 1992, Supplement No. 210. The Company's Articles of Association have been amended several times, the latest amendments made is in relation with adjustments of the Company’s business activities in the Articles of Association with the Standard Classification of Indonesian Business Fields in 2020. Amendments to the Articles of Association as stated in the Notary Deed of Ashoya Ratam, S.H., M.Kn. No. 37 dated June 22, 2022, the amendment has been received and approved by the Minister of Law and Human Rights of the Republic of Indonesia (“MoLHR”) based on letter No. AHU-0044650.AH.01.02. Year of 2022 dated June 29, 2022, concerning Acceptance of Notification Approval of Amendment to the Articles of Association of the Limited Liability Company (Persero) PT Telekomunikasi Indonesia Tbk. In accordance with Article 3 of the Company’s Articles of Association, the scope of its activities is to provide telecommunication network and telecommunication and information services, and to optimize the Company’s resources to provide high quality and competitive goods and/or services to gain/pursue profit in order to increase the value of the Company by applying the Limited Liability Company principle. In regard to achieving its objectives, the Company is involved in the following activities: i. Main business: (a) Planning, building, providing, developing, operating, marketing or selling or leasing, and maintaining telecommunications and information networks in a broad sense in accordance with prevailing laws and regulations. (b) Planning, developing, providing, marketing or selling, and improving telecommunications and information services in a broad sense in accordance with prevailing laws and regulations. (c) Investing, including in the form of equity capital in other companies in line with and to achieve the purposes and objectives of the Company. ii. Supporting business: (a) Providing payment transactions and money transferring services through telecommunications and information networks. (b) Performing other activities and undertakings in connection with the optimization of the Company’s resources, among which including the utilization of the Company’s property and equipment and movable assets, information systems, education and training, and repairs and maintenance facilities. (c) Collaborating with other parties in order to optimize the information, communication or technology resources owned by other parties as services provider in information, communication and technology industry, as to achieve the purposes and objectives of the Company. The Company is domiciled and headquartered in Bandung, West Java, located at Jalan Japati No.1, Bandung. The Company was granted several networks and/or services provision licenses by the Government which are valid for an unlimited period of time as long as the Company complies with prevailing laws and regulations and fulfills the obligation stated in those licenses. For every license issued by the Ministry of Communication and Information (“MoCI”), an evaluation is performed annually and an overall evaluation is performed every five years. The Company is obliged to submit reports of networks and/or services annually to the Indonesian Directorate General of Post and Informatics (“DGPI”), replacing the previously known as Indonesian Directorate General of Post and Telecommunications (“DGPT”). The reports comprising of several information, such as network development progress, service quality standard achievement, number of customers, license payment, and universal service contribution. Meanwhile, for internet telephone services for public purpose, internet interconnection service, and internet access service, additional information is required, such as operational performance, customer segmentation, traffic, and gross revenue. Details of these licenses are as follows: License License No. Type of service Grant date/latest renewal date License to operate internet telephone services for public purpose 127/KEP/DJPPI/ KOMINFO/3/2016 Internet telephone services for public purpose March 30, 2016 License to operate internet service provider 2176/KEP/M.KOMINFO/ 12/2016 Internet service provider December 30, 2016 License to operate content service provider 1040/KEP/M.KOMINFO/ 16/2017 Content service provider May 16, 2017 License for the implementation of internet interconnection services 1004/KEP/M.KOMINFO/ 2018 Internet interconnection services December 26, 2018 License to operate data communication system services 046/KEP/M.KOMINFO/ 02/2020 Data communication system services August 3, 2020 License to operate IPTV service provider 022/KEP/M.KOMINFO/ 02/2021 Multimedia IPTV service provider February 25, 2021 License of electronics money issuer and money transfer Bank Indonesia License 23/587/DKSP/Srt/B Electronics money and money transfer service July 1, 2021 License to operate fixed network long distance direct line 073/KEP/M.KOMINFO/ 02/2021 Fixed network long distance direct line August 23, 2021 License to operate fixed international network 082/KEP/M.KOMINFO/ 02/2021 Fixed international network October 8, 2021 License to operate fixed closed network 094/KEP/M.KOMINFO/ 02/2021 Fixed closed network December 9, 2021 License to operate circuit switched-based local fixed line network 095/KEP/M.KOMINFO/ 02/2021 Circuit switched-based and packet switched-based local fixed line network December 9, 2021 b. Company’s Board of Commissioners, Board of Directors, Audit Committee, Corporate Secretary, and Internal Audit i. Boards of Commissioners and Directors Based on resolutions made at Annual General Meeting (“AGM“) of Stockholders of the Company as covered by Notarial Deed of Ashoya Ratam, S.H., M.Kn., No. 34, dated June 18, 2021, the composition of the Company’s Boards of Commissioners and Directors as of December 31, 2021 and 2022, respectively, were as follows: 20 21 2022 President Commissioner/ Bambang Permadi Bambang Permadi Commissioner Arya Mahendra Sinulingga Arya Mahendra Sinulingga Commissioner Rizal Mallarangeng Rizal Mallarangeng Commissioner Isa Rachmatarwata Isa Rachmatarwata Commissioner Ismail Ismail Commissioner Marcelino Rumambo Pandin Marcelino Rumambo Pandin Independent Commissioner Bono Daru Adji Bono Daru Adji Independent Commissioner Wawan Iriawan Wawan Iriawan Independent Commissioner Abdi Negara Nurdin Abdi Negara Nurdin President Director Ririek Adriansyah Ririek Adriansyah Director of Finance and Risk Management Heri Supriadi Heri Supriadi Director of Digital Business Muhamad Fajrin Rasyid Muhamad Fajrin Rasyid Director of Strategic Portfolio Budi Setyawan Wijaya Budi Setyawan Wijaya Director of Enterprise & Business Service* Edi Witjara F.M. Venusiana R. Director of Wholesale & International Services Bogi Witjaksono Bogi Witjaksono Director of Human Capital Management Afriwandi Afriwandi Director of Network & IT Solution Herlan Wijanarko Herlan Wijanarko Director of Consumer Service F.M. Venusiana R. F.M. Venusiana R. * On July 8, 2022, Mr. Edi Witjara was appointed as President Director of PT Industri Telekomunikasi Indonesia (Persero) and based on the Company's Board of Commissioners Letter No. 073/SRT/DK/2022 dated July 11, 2022, Mrs. F.M. Venusiana R. was appointed as Temporary Replacement Officer for Director of Enterprise & Business Service, whose term of service has been extended based on the Letter of the Company's Board of Commissioners No. 167/SRT/DK/2022 dated December 6, 2022 regarding the Extension of Term of Service for Mrs. F.M. Venusiana R. as Officer (PLT) for Director of Enterprise & Business Service. ii. Audit Committee, Corporate Secretary, and Internal Audit The composition of the Company’s Audit Committee, Corporate Secretary, and Internal Audit as of December 31, 2021 and 2022, respectively, were as follows: 2021 2022 Chairman Bono Daru Adji Bono Daru Adji Member Bambang Permadi Bambang Permadi Member Wawan Iriawan Wawan Iriawan Member Abdi Negara Nurdin Abdi Negara Nurdin Member Emmanuel Bambang Suyitno Emmanuel Bambang Suyitno Member Edy Sihotang Edy Sihotang Corporate Secretary* Andi Setiawan R. Achmad Faisal Internal Audit Harry Suseno Hadisoebroto Daru Mulyawan * On January 2, 2023, Mr. R. Achmad Faisal was replaced by Mr. Edwin Julianus Sebayang as Corporate Secretary. c. Public offering of securities of the Company The Company's shares are listed and traded on the Indonesia Stock Exchange (“IDX”) and the New York Stock Exchange (“NYSE”) since November 14, 1995. On June 16, 2015, the Company issued Continuous Bonds I Telkom Phase I 2015, with a nominal amount of Rp2,200 billion for Series A with a seven-year period, Rp2,100 billion for Series B with a ten-year period, Rp1,200 billion for Series C with a fifteen-year period, and Rp1,500 billion for Series D with a thirty-year period, which respectively are listed on the IDX (Note 20b). d. Subsidiaries As of December 31, 2021 and 2022, the Company has consolidated the following directly and indirectly owned subsidiaries (Notes 2b and 2d): i. Direct subsidiaries: Start year of operation Percentage of ownership* Total assets before elimination Subsidiary Nature of business commencement 2021 2022 2021 2022 PT Telekomunikasi Selular (" Telkomsel ") Mobile telecommunication networks and service 1995 65 65 100,113 100,085 PT Dayamitra Telekomunikasi Tbk. (" Mitratel ") Leasing of towers and other telecommunication services 1995 72 72 57,699 56,050 PT Multimedia Nusantara (" Metra ") Network telecommunication services and multimedia 1998 100 100 18,748 18,740 PT Telekomunikasi Indonesia International (“ Telin ”) International telecommunication and information services 1995 100 100 10,139 13,949 PT Sigma Cipta Caraka (" Sigma "), previously consolidated under Metra Consultation service of hardware, computer software, and data center 1988 100 100 5,054 8,491 PT Telkom Satelit Indonesia (" Telkomsat ") Telecommunication - provides satellite communication system and its related services and infrastructures 1996 100 100 5,511 6,463 PT Graha Sarana Duta (" GSD ") Developer, trade, service, and transportation 1982 100 100 5,881 5,845 PT Telkom Akses (" Telkom Akses ") Construction, service and trade in the field of telecommunication 2013 100 100 4,973 5,308 PT Telkom Data Ekosistem (" TDE "), previously was PT Sigma Tata Sadaya Data center 1996 100 100 3,411 3,189 PT Metra-Net (“ Metra-Net ”) Multimedia portal service 2009 100 100 1,640 1,731 PT Infrastruktur Telekomunikasi Indonesia (“ Telkom Infra ”) Construction, service and trading in the field of telecommunication 2014 100 100 1,259 1,360 PT PINS Indonesia (“ PINS ”) Telecommunication construction and services 1995 100 100 1,589 797 PT Napsindo Primatel Internasional (“ Napsindo ”) Telecommunication - provides Network Access Point ("NAP"), Voice Over Data ("VOD"), and other related services 1999; ceased operations on January 13, 2006 60 60 5 5 * Percentage of ownership amounting to 99.99% is presented with rounding of 100%. All direct subsidiaries are domiciled in Indonesia. ii. Indirect subsidiaries: Start year of operation Percentage of ownership* Total assets before elimination Subsidiary Nature of business commencement 2021 2022 2021 2022 PT Metra Digital Investama (“ MDI ”) Trading service related to information and technology, multimedia, entertainment, and investment 2013 100 100 5,784 9,019 Telekomunikasi Indonesia International Pte. Ltd. (" Telin Singapore "), domiciled in Singapore Telecommunication and related services 2008 100 100 3,272 3,678 Telekomunikasi Indonesia International Ltd. (" Telin Hong Kong "), domiciled in Hong Kong Investment holding and telecommunication services 2010 100 100 2,998 2,981 PT Infomedia Nusantara (“ Infomedia ”) Data and information service - provides telecommunication information services and other information services in the form of print and electronic media and call center services 1984 100 100 2,350 2,267 PT Telkom Landmark Tower (“ TLT ”) Property development and management services 2012 55 55 2,139 2,100 PT Persada Sokka Tama (" PST ") Leasing of towers and other telecommunication services 2008 100 100 1,097 1,401 PT Finnet Indonesia (“ Finnet ”) Information technology services 2006 60 60 1,294 1,248 PT Nuon Digital Indonesia (" Nuon "), previously was PT Melon Indonesia Digital content exchange hub services 2010 100 100 1,187 1,199 PT Metra Digital Media (“ MD Media ”) Telecommunication information and other information services 2013 100 100 1,207 986 PT Telkomsel Mitra Inovasi (" TMI ") Business management consulting and investment services 2019 100 100 692 945 Telekomunikasi Indonesia International (TL) S.A. (“ Telkomcel ”), domiciled in Timor Leste Telecommunication networks, mobile, internet, and data services 2012 100 100 708 836 PT Telkomsel Ekosistem Digital (" TED ") Provides service related to information and technology, multimedia, entertainment, and investment 2021 100 100 197 807 PT Administrasi Medika (“ Ad Medika ”) Health insurance administration services 2002 100 100 543 632 TS Global Network Sdn. Bhd. (" TSGN "), domiciled in Malaysia Satellite services 1996 70 70 596 566 PT Swadharma Sarana Informatika (" SSI ") Cash replenishment services and ATM maintenance 2001 51 51 485 457 PT Digital Aplikasi Solusi (“ Digiserve” ) Communication system services 2014 100 100 389 384 Telekomunikasi Indonesia International Inc. (“ Telin USA ”), domiciled in USA Telecommunication and information services 2014 100 100 191 294 PT Nusantara Sukses Investasi (" NSI ") Service and trading 2014 100 100 313 289 PT Graha Yasa Selaras (“ GYS ”) Tourism service 2012 51 51 283 285 PT Nutech Integrasi (" Nutech ") System integrator service provider 2001 60 60 198 273 PT Graha Telkomsigma (" GTS ") Management and consultation services 1999 100 100 205 191 PT Collega Inti Pratama (" CIP ") Trading and services 2001 70 70 170 173 Telekomunikasi Indonesia Intl (Malaysia) Sdn. Bhd. (” Telin Malaysia ”), domiciled in Malaysia Telecommunication and information services 2013 70 70 27 125 PT Media Nusantara Data Global (" MNDG ") Consultation services 2012 55 55 119 116 PT Bosnet Distribution Indonesia (“ BDI ”) Trade and consultation services 2012 60 60 36 36 PT Metra TV (“ Metra TV ”) Subscription broadcasting services 2013 100 100 26 34 PT Pojok Celebes Mandiri (" PCM ") Travel agent services 2008 100 100 45 33 Telekomunikasi Indonesia International (Australia) Pty. Ltd. (“ Telin Australia ”), domiciled in Australia Telecommunication and information services 2013 100 100 34 33 PT Metraplasa (“ Metraplasa ”) Network and e-commerce services 2012 60 60 61 30 PT Teknologi Data Infrastruktur (“ TDI ”), previously was PT Satelit Multimedia Indonesia Telecommunication service and data centre 2013 100 100 10 7 * Percentage of ownership amounting to 99.99% is presented with rounding of 100%. Other than those specifically stated, indirect subsidiaries are domiciled in Indonesia. e. Initial public offering and acquisition transactions in subsidiaries i. Mitratel Based on the Deed of Decision of the Shareholders Outside the General Meeting of Shareholders (Circular) No. 31 dated August 21, 2021 from Notary Ashoya Ratam, S.H., M.Kn., the shareholders of Mitratel decided and approved the change of Mitratel’s status from a private company to a public company under the name of PT Dayamitra Telekomunikasi Tbk. On November 12, 2021, Mitratel received an effective statement from the Financial Services Authority (“OJK”) with letter No. S-201/D.04/2021 to conduct an initial public offering (“IPO”) of 23,493,524,800 ordinary shares with a par value of Rp228 per share and an offering price of Rp800 per share. On November 22, 2021, Mitratel’s shares have been listed on the IDX based on Letter No. S-08617/BEI.PP3/11-2021 regarding Approval of Securities Listing dated November 15, 2021. Mitratel obtained IPO funds amounting to Rp18,463 billion (after deducted by share issuance costs) so that the Company’s share ownership in Mitratel diluted from 99.99% to 71.87%. Hence, the Company still controls Mitratel. For this transaction, the Company has been accounted the difference in non-controlling ownership transactions as follows: Proceeds from IPO of 28.13% ownership interests 18,463 Net assets attributable to non-controlling interests (9,375) Increase in equity attributable to parent company 9,088 On June 2, 2022, Mitratel announced to buyback its shares with a maximum amount of Rp1,000 billion. The buyback period of Mitratel’s shares is for three months starting from June 2, 2022 to September 2, 2022. Mitratel has exercised buyback of 885,200,000 of its shares or equivalent to Rp681 billion in cash. ii. Metra On August 29, 2014, Metra and Telstra Holding Singapore Pte. Ltd. established PT Teltranet Aplikasi Solusi (“Teltranet”), currently known as PT Digital Aplikasi Solusi (“Digiserve”). Metra's share ownership in Teltranet was 51%. Metra had no control in determining the financial and operating policies of Teltranet, hence it was recognized as ownership in associates. Based on the Share Purchase Agreement dated August 31, 2021, Metra purchased Digiserve’s shares owned by Telstra Holdings Singapore Pte. Ltd. as many as 13,115,477 shares or equivalent to 49% share ownership with an acquisition value of AU$1, thus becoming a subsidiary of Metra. As of December 31, 2021, Metra has recorded the difference between the acquisition value and fair value, resulting in goodwill recognized amounted to Rp64 billion (Note 15). iii. TDE TDE was previously Sigma’s subsidiary. Based on Share Acquisition Deed No. 388 dated December 27, 2021 of Jimmy Tanal, S.H., M.Kn., the Company entered into a takeover of TDE’s shares, so that the Company's ownership in TDE became 99.89%, impacting Sigma’s ownership which diluted to 0.11%. The Company purchased 2,106,465,158,910 series B shares of TDE or equivalent to Rp2,106 billion. The Company has made cash payments of Rp1,250 billion and paid-up capital in other forms (“ inbreng iv. Telkomsel Based on the Resolution of Shareholders on December 14, 2021, Telkomsel established a subsidiary, namely PT Telkomsel Ekosistem Digital (“TED”), which was formalized by Notarial Deed No. 19 dated December 16, 2021 of Bonardo Nasution, S.H. The total paid-up capital of TED were 197,000 shares (Rp1,000,000 par value per share). Telkomsel own 196,989 shares and paid Rp197 billion on December 29, 2021. v. Sigma Based on Notarial Deed No.120 dated April 19, 2022 of Jimmy Tanal, S.H., M.Kn., the Company acquired Sigma shares from Metra, resulted in 56.39% ownership by the Company and diluting Metra’s ownership into 43.61%. f. Completion and authorization for the issuance of the consolidated financial statements The Company’s management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with International Financial Reporting Standards, which have been completed and authorized for issuance by the Board of Directors of the Company on April 6, 2023. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Dec. 31, 2022 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The consolidated financial statements of the Company and its subsidiaries (collectively referred to as “the Group”) have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). a. Basis of preparation of the consolidated financial statements The consolidated financial statements, except for the consolidated statements of cash flows, are prepared on the accrual basis. The measurement basis used is historical cost, except for certain accounts which are measured using the basis mentioned in the relevant notes herein. The consolidated statements of cash flows are prepared using the direct method and present the changes in cash and cash equivalents from operating, investing, and financing activities. Figures in the tables of the consolidated financial statements are presented and rounded to billions of Indonesian Rupiah (“Rp") and millions of US$, unless otherwise stated. Figures in the consolidated financial statements which still contain values but below Rp1 billion and US$1 million, are presented with zero. The consolidated financial statements provide comparative information in respect of the previous period. The following amendments, which are effective for annual periods beginning on or after January 1, 2022, does not have any material impact to the consolidated financial statements of the Group, unless otherwise stated. i. Amendments to IAS 16: Property, Plant and Equipment: Proceeds before Intended Use ii. Amendments to IAS 37: Onerous Contracts-Cost of Fulfilling a Contract iii. Amendments to IFRS 3: Reference to the Conceptual Framework iv. Amendments to IFRS 9 (Annual Improvement): Financial Instruments – Fees in the ’10 per cent’ test for derecognition of financial liabilities v. Amendments to IFRS 16 (Annual Improvement): Leases - Illustrative Examples b. Principles of consolidation The consolidated financial statements consist of the financial statements of the Company and the subsidiaries over which it has control. Control is achieved when the Group is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Specifically, the Group controls an investee if and only if the Group has power over the investee, exposure, or rights, to variable returns from its involvement with the investee, and the ability to use its power over the investee to affect its returns. Generally, there is a presumption that a majority of voting rights results in control. To support this presumption and when the Group has less than a majority of the voting or similar rights of an investee, the Group considers all relevant facts and circumstances in assessing whether it has power over an investee, including: i. The contractual arrangement with the other vote holders of the investee, ii. Rights arising from other contractual arrangements, and iii. The Group's voting rights and potential voting rights. The Group re-assesses whether it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control over the subsidiary. Assets, liabilities, income, and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated statements of profit or loss and other comprehensive income from the date the Group gains financial control until the date the Group ceases to control the subsidiary. Profit or loss and each component of other comprehensive income (“OCI”) are attributed to the equity holders of the Company and to the non-controlling interests, even if this results in the non-controlling interests having a deficit balance. All intra-Group assets and liabilities, equity, revenue and expenses, and cash flow relating to transactions within Group are fully eliminated on consolidation. In case of loss of control over a subsidiary, the Group: i. derecognizes the assets (including goodwill) and liabilities of the subsidiary at the carrying amounts on the date when it loses control; ii. derecognizes the carrying amounts of any non-controlling interests of its former subsidiary on the date when it loses control; iii. recognizes the fair value of the consideration received (if any) from the transaction, events, or condition that caused the loss of control; iv. recognizes the fair value of any investment retained in the subsidiary at fair value on the date of loss of control; and v. recognizes any surplus or deficit in profit or loss that is attributable to the Group. c. Transactions with related parties The Group has transactions with related parties. The definition of related parties used is in accordance with International Accounting Standards (“IAS”): 24, Related Party Disclosures. The party which is considered a related party is a person or entity that is related to the entity that is preparing its financial statements. Key management personnel are identified as the persons having authority and responsibility for planning, directing, and controlling the activities of the entity, directly or indirectly, including any director (whether executive or otherwise) of the Group. The related party status extends to the key management of the subsidiaries to the extent they direct the operations of subsidiaries with minimal involvement from the Company’s management. d. Business combinations and goodwill Business combination is accounted for using the acquisition method. The consideration transferred is measured at fair value, which is the aggregate of the fair value of the assets transferred, liabilities incurred or assumed, and the equity instruments issued in exchange for control of the acquiree. For each business combination, non-controlling interest is measured at fair value or at the proportionate share of the acquiree’s identifiable net assets. The choice of measurement basis is made on a transaction-by-transaction basis. Acquisition-related costs are expensed as incurred. The acquiree’s identifiable assets and liabilities are recognized at their fair values at the acquisition date. Goodwill is initially measured at cost, being the excess of the aggregate of the consideration transferred and the amount recognized for non-controlling interests, and any previous interest held, over the net identifiable assets acquired and liabilities assumed. If the fair value of the net assets acquired is in excess of the aggregate consideration transferred, the Group re-assesses whether it has correctly identified all of the assets acquired and all of the liabilities assumed, and reviews the procedures used to measure the amounts to be recognized at the acquisition date. If the re-assessment still results in an excess of the fair value of net assets acquired over the aggregate consideration transferred, then the gain is recognized in profit or loss. Any contingent consideration to be transferred by the acquirer is recognized at fair value at the acquisition date. Contingent consideration classified as equity is not remeasured and its subsequent settlement is accounted for within equity. Contingent consideration classified as an asset or liability that is a financial instrument and within the scope of IFRS 9 Financial Instruments is measured at fair value with the changes in fair value recognized in the statement of profit or loss in accordance with IFRS 9. Other contingent consideration that is not within the scope of IFRS 9 is measured at fair value at each reporting date with changes in fair value recognized in profit or loss. If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Group shall report in its consolidated financial statements provisional amounts for the items for which the accounting is incomplete. During the measurement period, the Group shall retrospectively adjust the provisional amounts recognized at the acquisition date to reflect new information obtained about facts and circumstances that existed as of the acquisition date and, if known, would have affected the measurement of the amounts recognized as of that date. The measurement period ends immediately after the Company receives the information about the facts and circumstances that existed at the acquisition date or learns that additional information cannot be obtained. However, the measurement period must not exceed one year from the date of acquisition. In a business combination achieved in stages, the acquirer remeasures its previously held equity interest in the acquiree at its acquisition-date fair value and recognizes the resulting gain or loss, if any, in profit or loss. Business combination between businesses or entities under common control does not result in a change of the economic substance of the ownership of assets, liabilities, shares or other instruments of ownership, which are exchanged, assets or liabilities transferred are recorded at book value using the pooling-of-interests method. The excess of consideration paid or received over the carrying value of interest acquired or sold, net of income tax, is directly recognized to retained earnings. e. Cash and cash equivalents Cash and short-term deposits in the statement of financial position comprise cash in banks and on hand and short-term highly liquid deposits with a maturity of three months or less, that are readily convertible to a known amount of cash and subject to an insignificant risk of changes in value. For the purpose of the consolidated statement of cash flows, cash and cash equivalents consist of cash and short-term deposits, as defined above, net of outstanding bank overdrafts as they are considered an integral part of the Group’s cash management. Time deposits with maturities of more than three months but not more than one year are presented as part of “Other current financial assets” in the consolidated statements of financial position (Note 2t). f. Investments in associates An associate is an entity over which the Group (as investor) has significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee, but does not include control or joint control over those operating policies. The considerations made in determining significant influence are similar to those necessary to determine control over subsidiaries. Holding of 20% or more of the voting power of the investee (held directly or indirectly, through subsidiaries) is presumed to give rise to significant influence, unless it can be clearly demonstrated that this is not the case. Conversely, a holding of less than 20% of the voting power is presumed not to give rise to significant influence, unless it can be clearly demonstrated that there is in fact significant influence. The existence of significant influence will usually be evidenced in one or more of the following ways: i. representation on the board of directors or equivalent governing body of the investee; ii. participation in policy-making processes, including participation in decisions about dividends and other distributions; iii. material transactions between the investor and the investee; iv. interchange of managerial personnel; or v. provision of essential technical information. The Group’s investments in its associates are accounted for using the equity method. Under the equity method, the investment in an associate is initially recognized at cost. The carrying amount of the investment is adjusted to recognize changes in the investor’s share of the net assets of the associate since the acquisition date. On acquisition of the investment, any difference between the cost of the investment and the entity’s share of the net fair value of the investee’s identifiable assets and liabilities is accounted for as follows: i. Goodwill relating to an associate, or a joint venture is included in the carrying amount of the investment and is neither amortized nor individually tested for impairment. ii. Any excess of the entity’s share of the net fair value of the investee’s identifiable assets and liabilities over the cost of the investment is included as income in the determination of the entity’s share of the associate or joint venture’s profit or loss in the period in which the investment is acquired. The consolidated statements of profit or loss and other comprehensive income reflect the Group’s share of the results of operations of the associate. Any change in the other comprehensive income of the associate is presented as part of other comprehensive income. In addition, when there has been a change recognized directly in the equity of the associate, the Group recognizes its share of the change in the consolidated statements of changes in equity. Unrealized gain and losses resulting from transactions between the Group and the associate are eliminated to the extent of the interest in the associate. The Group determines at each reporting date whether there is any objective evidence that the investments in associates are impaired. If there is, the Group calculates and recognizes the amount of impairment as the difference between the recoverable amount of the investments in the associates and their carrying value. These assets are included in “Long-term investments” in the consolidated statements of financial position. For the reporting purpose of investment in associates using the equity method, the assets and liabilities as of the statement of financial position date with functional currency other than Rupiah are translated into Indonesian rupiah using the rate of exchange prevailing at that date, while revenues and expenses are translated into Indonesian rupiah at the average rates of exchange for the year. The resulting translation adjustments are reported as part of “translation adjustment” in the equity section of the consolidated statements of financial position. g. Trade and other receivables Trade and other receivables are recognized initially at fair value and subsequently measured at amortized cost, less a loss allowance based on lifetime expected credit losses at each reporting date. The Group has made allowance for expected credit losses based on the collective assessment of historical impairment rates and individual assessment of its customers’ credit history, adjusted for forward-looking factors specific from the customers and the economic environment. Receivables are written-off in the year in which they are determined to be uncollectible (Note 2t). h. Inventories Inventories consist of components, which represent telephone terminals, cables, and other spare parts. Inventories also include Subscriber Identification Module (“SIM”) cards, handsets, wireless broadband modems, and prepaid vouchers which are expensed upon sale. Inventories are valued at the lower of cost and net realizable value. Net realizable value is determined by either estimating the selling price in the ordinary course of business, less estimated cost to sell or determining the prevailing replacement costs. The costs of inventories consist of the purchase price, import duties, other taxes, transport, handling, and other costs directly attributable to their acquisition. Cost is determined using the weighted average method. The amounts of any write-down of inventories below cost to net realizable value and all losses of inventories are recognized as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of inventories, arising from an increase in net realizable value, is recognized as a reduction in the amount of general and administrative expenses in the year in which the reversal occurs. Provision for obsolescence is primarily based on the estimated forecast of future usage of these inventory items. i. Prepaid expenses Prepaid expenses are amortized over their future beneficial periods using the straight-line method. j. Assets held for sale Assets (or disposal groups) are classified as held for sale when their carrying amount is to be recovered principally through a sale transaction rather than through continuing use and a sale is considered highly probable. Assets held for sale are stated at the lower of carrying amount and fair value less costs to sell. Assets that meet the criteria to be classified as held for sale are reclassified from property and equipment and depreciation on such assets is ceased. k. Intangible assets Intangible assets mainly consist of software. Intangible assets are recognized if it is highly probable that the expected future economic benefits that are attributable to each asset will flow to the Group, and the cost of the asset can be reliably measured. Intangible assets are stated at cost less accumulated amortization and impairment losses, if any. Intangible assets are amortized over their estimated useful lives. The amortization period and the amortization method for an intangible asset with a finite useful life are reviewed at least at the end of the reporting period. The Group estimates the recoverable value of its intangible assets. When the carrying amount of an intangible asset exceeds its estimated recoverable amount, the asset is written down to its estimated recoverable amount. Intangible assets except goodwill, are amortized using the straight-line method, based on the estimated useful lives of the intangible assets as follows: Years Software 3-6 License 3-20 Other intangible assets 1-30 Intangible assets are derecognized on disposal, or when no further economic benefits are expected, either from further use or from disposal. The difference between the carrying amount and the net proceeds received from disposal is recognized in the consolidated statements of profit or loss and other comprehensive income. l. Property and equipment Property and equipment are stated at cost less accumulated depreciation, and impairment losses, if any. The cost of an item of property and equipment includes: (a) purchase price, (b) any costs directly attributable to bringing the asset to its location and condition, and (c) the initial estimate of the costs of dismantling and removing the item and restoring the site on which it is located. Each part of an item of property and equipment with a cost that is significant in relation to the total cost of the item is depreciated separately. Property and equipment are depreciated or amortized using the straight-line method based on the estimated useful lives of the assets as follows: Years Buildings 15-50 Leasehold improvements 2-15 Switching equipment 3-15 Telegraph, telex, and data communication equipment 5-15 Transmission installation and equipment 3-40 Satellite, earth station, and equipment 3-20 Cable network 5-25 Power supply 3-20 Data processing equipment 3-20 Vehicles 4-8 Other telecommunication peripherals 5 Office equipment 2-5 Other equipment 2-5 Significant expenditures related to leasehold improvements are capitalized and depreciated over the lease term. The depreciation method, useful life, and residual value of an asset are reviewed at least at each financial year-end and adjusted, if appropriate. Based on review the useful life of towers in Indonesia are changed from previous year in line with technological development and changes in the level of usage expectations. The residual value of an asset is the estimated amount that the Group would currently obtain from disposal of the asset, after deducting the estimated costs of disposal, if the asset is already of the age and in the condition expected at the end of its useful life. Property and equipment acquired in exchange for a non-monetary asset or for a combination of monetary and non-monetary assets are measured at fair value unless, (i) the exchange transaction lacks commercial substance; or (ii) the fair value of neither the asset received, nor the asset given up is measured reliably. Major spare parts and standby equipment that are expected to be used for more than 12 months are recorded as part of property and equipment. When assets are retired or otherwise disposed of, their cost and the related accumulated depreciation are derecognized from the consolidated statements of financial position and the resulting gains or losses on the disposal or sale of the property and equipment are recognized in the consolidated statements of profit or loss and other comprehensive income. Certain computer hardware cannot be used without the availability of certain computer software. In such circumstance, the computer software is recorded as part of the computer hardware. If the computer software is independent from its computer hardware, it is recorded as part of intangible assets. The cost of maintenance and repairs are charged to the consolidated statements of profit or loss and other comprehensive income as incurred. Significant renewals and betterments are capitalized to related property and equipment account. Property under construction is stated at cost less impairment if any, until the construction is completed, at which time it is reclassified to the property and equipment account to which it relates. During the construction period until the property is ready for its intended use or sale, borrowing costs, which include interest expense and foreign currency exchange differences incurred on loans obtained to finance the construction of the asset, as long as it meets the definition of a qualifying asset are, capitalized in proportion to the average amount of accumulated expenditures during the period. Capitalization of borrowing cost ceases when the construction is completed, and the asset is ready for its intended use or sale. m. Leases The Group assesses at contract inception whether a contract is, or contains, a lease. That is, if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The lease term corresponds to the non-cancellable period of each contract, except in cases where the Group is reasonably certain of exercising renewal options contractually foreseen. The Group has made use of the package of practical expedients available within IFRS 16, which among other things: ● the use of a single discount rate to a portfolio of leases with reasonably similar characteristics; ● the accounting for operating leases with a remaining lease term of less than 12 months as short-term leases; ● the exclusion of initial direct costs for the measurement of the right-of-use asset (“ROU”) as short-term leases; ● the use of hindsight in determining the lease term where the contract contains options to extend or terminate the lease; ● not to separate non-lease components from lease components, and instead, account for both as a single lease component; and ● not to recognize a lease liability and a ROU asset for leases where the underlying assets are low-value assets (i.e. underlying assets with a maximum value of US $5,000 or Rp 50 million when it is new). The Group applies the definition of a lease and related guidance set out in IFRS 16 to all lease contracts. i. The Group as lessee The Group applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets. The Group recognizes lease liabilities to make lease payments and ROU assets representing the right to use the underlying assets. The Group recognizes ROU assets at the commencement date of the lease. ROU assets are measured at cost, less any accumulated amortization and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of ROU assets includes the amount of lease liabilities recognized, initial direct costs incurred, restoration costs and lease payments made at or before the commencement date less any lease incentives received. ROU assets are amortized on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets, as follows: Years Land rights 1-50 Buildings 1-15 Transmission installation and equipment 3-25 Vehicles 4-8 Others 2-25 If ownership of the leased asset transfers to the Group at the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful life of the asset. The ROU assets are subject to impairment in accordance with IAS 36 Impairment of Assets. Lease liabilities At the commencement date of the lease, the Group recognizes lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Group and payments of penalties for terminating the lease, if the lease term reflects the Group exercising the option to terminate. Variable lease payments that do not depend on an index or a rate are recognized as expenses in the period in which the event or condition that triggers the payment occurs. In calculating the present value of lease payments, the Group uses its incremental borrowing rate at the lease commencement date because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the lease payments, or a change in the assessment of an option to purchase the underlying asset. Short-term leases with a duration of less than 12 months and low-value assets leases, as well as those lease elements, partially or totally not complying with the principles of recognition defined by IFRS 16 will be treated similarly to operating leases. The Group will recognize those lease payments on a straight-line basis over the lease term in the consolidated statements of profit or loss and other comprehensive income. ii. The Group as lessor Under IFRS 16, a lessor continues to classify leases as either finance leases or operating leases and account for those two types of leases differently. Leases in which the Group transfers substantially all the risks and rewards incidental to ownership of an asset are classified as finance leases, otherwise it will be classified as operating leases. Lease classification is made at the inception date and is reassessed only if there is a lease modification. At the commencement date, the Group recognizes assets held under a finance lease at an amount equal to the net investment in the lease and present it as finance lease receivable. The net investment in the lease includes fixed payments (including in substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and residual value guarantees provided to the lessor by the lessee. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the lessee and payments of penalties for terminating the lease, if the lease term reflects the Group exercising the option to terminate. As required by IFRS 9, an allowance for expected credit loss has been recognized on the finance lease receivables and presented under "Other receivables". Rental income arising from operating leases is accounted for on a straight-line basis over the lease terms and is included in revenue in the consolidated statement of profit or loss and other comprehensive income due to its operating nature. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the underlying asset and recognized over the lease term on the same basis as rental income. Contingent rents are recognized as revenue in the period in which they are earned. If an arrangement contains lease and non-lease components, the Group applies IFRS 15 Revenue from Contracts with Customers to allocate the consideration in the contract. Revenue arising from operating lease is recorded as revenue from lessor transactions (Note 2q). n. Trade payables Trade payables are obligations to pay for goods and/or services that have been acquired from suppliers in the ordinary course of business. Trade payables are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognized initially at fair value and subsequently measured at amortized cost using the effective interest method. o. Borrowings Borrowings are recognized initially at fair value, net of transaction costs incurred. Borrowings are subsequently carried at amortized cost; any difference between the proceeds (net of transaction costs) and the redemption value is recognized in the consolidated statements of profit or loss and other comprehensive income over the period of the borrowings using the effective interest method. Fees paid on obtaining loan facilities are recognized as transaction costs of the loan to the extent that it is probable that some or all of the facilities will be drawn down. In this case, the fee is deferred until the drawdown occurs. To the extent there is no evidence that it is probable that some or all of the facilities will be drawn down, the fee is capitalized as a prepayment for liquidity services and amortized over the period of the facilities to which it relates. p. Foreign currency translations The functional currency and the reporting currency of the Group are both in Indonesian rupiah, except for the functional currency of Telekomunikasi Indonesia International Ltd., Hong Kong, Telekomunikasi Indonesia International Pte. Ltd., Singapore, Telekomunikasi Indonesia International Inc., USA, and Telekomunikasi Indonesia International S.A., Timor Leste whose functional currency is U.S. Dollar, Telekomunikasi Indonesia International, Pty. Ltd., Australia whose functional currency is Australian Dollar, TS Global Network Sdn. Bhd., and Telekomunikasi Indonesia International Sdn. Bhd. whose functional currency is Malaysian Ringgit. Transactions in foreign currencies are translated into Indonesian rupiah at the rates of exchange prevailing at transaction date. At the consolidated statements of financial position dates, monetary assets and liabilities denominated in foreign currencies are translated into Indonesian rupiah based on the buy and sell rates quoted by Reuters prevailing at the consolidated statements of financial position dates, as follows (in full amount): 2021 2022 Buy Sell Buy Sell United States Dollar (“US$”) 1 14,250 14,255 15,567 15,571 Australian Dollar (“AU$”) 1 10,353 10,359 10,583 10,589 Singapore Dollar ("SGD") 1 10,555 10,561 11,614 11,622 New Taiwan Dollar ("TWD") 1 515.04 515.40 508.15 508.47 Euro ("EUR") 1 16,125 16,137 16,623 16,635 Japanese Yen ("JPY") 1 123.81 123.86 118.12 118.17 Malaysian Ringgit ("MYR") 1 3,420 3,424 3,529 3,539 Hong Kong Dollar (“HKD”) 1 1,828 1,828 1,996 1,997 The result of foreign exchange gains or losses, realized and unrealized, are credited or charged to the consolidated statements of profit or loss and other comprehensive income of the current year, except for foreign exchange differences incurred on borrowings during the construction of qualifying assets which are capitalized to the extent that the borrowings can be attributed to the construction of those qualifying assets (Note 2l). q. Revenue and expense recognition Revenue from contract with customers IFRS 15 establishes a comprehensive framework to determine how, when, and how much revenue is to be recognized. The standard provides a single principles-based five-step model for the determination and recognition of revenue to be applied to all contracts with customers. The standard also provides specific guidance requiring certain types of costs to obtain and/or fulfil a contract to be capitalized and amortized on a systematic basis that is consistent with the transfer to the customer of the goods or services to which the capitalized cost relates. Below is the summary of the Group’s revenue recognition accounting policy for |
TRANSLATION OF INDONESIAN RUPIA
TRANSLATION OF INDONESIAN RUPIAH INTO UNITED STATES DOLLAR | 12 Months Ended |
Dec. 31, 2022 | |
TRANSLATION OF INDONESIAN RUPIAH INTO UNITED STATES DOLLAR | |
TRANSLATION OF INDONESIAN RUPIAH INTO UNITED STATES DOLLAR | 3. TRANSLATION OF INDONESIAN RUPIAH INTO UNITED STATES DOLLAR The consolidated financial statements are stated in Indonesian rupiah. The translation of the Indonesian rupiah amounts into U.S. Dollar amounts are included solely for the convenience of the readers and has been made using the average of the market buy and sell rates of Rp15,569 to US$1 as published by Reuters on December 31, 2022. The convenience translation should not be construed as representations that the Indonesian rupiah amounts have been, could have been, or could in the future be, converted into U.S. Dollar at this or any other rate of exchange. |
CASH AND CASH EQUIVALENTS - NET
CASH AND CASH EQUIVALENTS - NET | 12 Months Ended |
Dec. 31, 2022 | |
CASH AND CASH EQUIVALENTS - NET | |
CASH AND CASH EQUIVALENTS - NET | 4. CASH AND CASH EQUIVALENTS - NET The breakdown of cash and cash equivalents is as follows: 2021 2022 Balance Balance Currency Rupiah Currency Rupiah Currency (in million) equivalent (in million) equivalent Cash on hand Rp — 12 — 11 Cash in bank Related parties PT Bank Mandiri (Persero) Tbk. (“Bank Mandiri”) Rp — 8,660 — 6,413 US$ 32 459 49 758 EUR 2 30 2 34 JPY 1 0 6 1 HKD 3 5 3 5 AU$ 0 0 0 0 PT Bank Negara Indonesia (Persero) Tbk. (“BNI”) Rp — 2,859 — 4,298 US$ 2 34 7 111 SGD 0 0 0 0 EUR 0 0 0 0 PT Bank Rakyat Indonesia (Persero) Tbk. (“BRI”) Rp — 6,035 — 2,691 US$ 0 6 11 179 PT Bank Tabungan Negara (Persero) Tbk. (“BTN”) Rp — 1,368 — 2,713 US$ 0 0 — — PT Bank Syariah Indonesia Tbk. (“BSI”) Rp — 37 — 229 US$ 0 0 0 0 Others (each below Rp100 billion) Rp — 113 — 128 Sub-total 19,606 17,560 Third parties PT Bank CIMB Niaga Tbk. (”Bank CIMB Niaga”) Rp — 570 — 1,379 US$ 5 74 0 5 The Hongkong and Shanghai Banking Corporation Ltd. ("HSBC Hongkong") US$ 44 628 55 861 HKD 23 42 5 10 PT Bank Permata Tbk. (“Bank Permata”) Rp — 2,326 — 412 Standard Chartered Bank (“SCB”) US$ 21 300 16 245 SGD 8 83 5 53 JPMorgan Chase & Co. US$ 7 96 9 140 Others (each below Rp100 billion) Rp — 429 — 278 US$ 6 90 8 130 TWD 46 23 58 29 MYR 6 19 5 17 AU$ 0 5 2 23 MMK — — 386 3 SGD 2 19 2 29 EUR 0 0 0 0 Sub-total 4,704 3,614 Total of cash in banks 24,310 21,174 Time deposits Related parties BTN Rp — 580 — 1,655 PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk. (“BJB”) Rp — 910 — 1,423 US$ 11 153 — — Bank Mandiri Rp — 604 — 843 US$ 31 441 31 489 BSI Rp — 210 — 1,220 BRI Rp — 544 — 845 US$ 47 675 21 319 BNI Rp — 6,739 — 378 US$ 43 610 9 145 Others (each below Rp100 billion) Rp — 28 — 25 Sub-total 11,494 7,342 Time deposits (continued) Third parties PT Bank Mega Tbk. (“Bank Mega”) Rp — 1,689 — 1,986 US$ 17 235 12 181 PT Bank Maybank Indonesia Tbk. (“Maybank”) Rp — 197 — 220 US$ 8 107 14 224 MYR 2 7 2 6 Bank CIMB Niaga Rp — 0 — 122 US$ — — 11 168 PT Bank Muamalat Indonesia Tbk. Rp — — — 295 PT Bank Danamon Indonesia Tbk. (“Bank Danamon”) Rp — 0 — 40 US$ — — 9 133 Others (each below Rp100 billion) Rp — 261 — 46 Sub-total 2,496 3,421 Total of time deposits 13,990 10,763 Allowance of credit expectation losses (1) (1) Total 38,311 31,947 Interest rates per annum on time deposits are as follows: 2021 2022 Rupiah 1.25% ‑ 7.75% 1.95% ‑ 6.50% Foreign currency 0.20% ‑ 1.75% 0.25% ‑ 4.05% The Group placed the majority of its cash and cash equivalents in state-owned banks (related party) because they have the most extensive branch networks in Indonesia and are considered to be financially sound banks, as they are owned by the State. |
OTHER CURRENT FINANCIAL ASSETS
OTHER CURRENT FINANCIAL ASSETS - NET | 12 Months Ended |
Dec. 31, 2022 | |
OTHER CURRENT FINANCIAL ASSETS - NET | |
OTHER CURRENT FINANCIAL ASSETS - NET | 5. OTHER CURRENT FINANCIAL ASSETS - NET The breakdown of other current financial assets is as follows: 2021 2022 Balance Balance Foreign currency Foreign currency Currency (in millions) Rupiah equivalent (in millions) Rupiah equivalent Time deposit Related parties BSI Rp — — — 100 Bank Mandiri Rp — 160 — 10 US$ 5 71 5 79 Others (each below Rp100 billion) Rp — 20 — 130 Third parties PT Bank UOB Indonesia ("UOB") US$ 3 44 12 182 SCB US$ — — 7 102 Others (each below Rp100 billion) Rp — 18 — 18 US$ 2 29 2 32 Total time deposits 342 653 Escrow accounts Rp — 43 — 383 US$ 1 21 2 30 Total escrow accounts 64 413 Mutual funds Related parties Others (each below Rp100 billion) Rp — 78 — 81 Third parties PT Henan Putihrai Asset Management ("HPAM") Rp — — — 200 Total mutual funds 78 281 Others (each below Rp100 billion) Rp — 9 — 0 US$ — — 0 2 MYR — — 0 0 Total others 9 2 Allowance for expected credit losses — (0) (0) Total 493 1,349 The time deposits have maturities of more than three months but not more than one year, with interest rates as follows: 2021 2022 Rupiah 2.50% ‑ 3.75% 2.50% ‑ 5.00% Foreign currency 0.06% ‑ 0.50% 1.95% ‑ 5.06% |
TRADE AND OTHER RECEIVABLES - N
TRADE AND OTHER RECEIVABLES - NET | 12 Months Ended |
Dec. 31, 2022 | |
TRADE AND OTHER RECEIVABLES - NET | |
TRADE AND OTHER RECEIVABLES - NET | 6. TRADE AND OTHER RECEIVABLES - NET The breakdown of trade and other receivables is as follows: 2021 2022 Trade receivables 16,312 16,202 Allowance for expected credit losses (7,802) (7,568) Net 8,510 8,634 Other receivables 446 500 Allowance for expected credit losses (251) (239) Net 195 261 Total trade and other receivables 8,705 8,895 Trade receivables arise from services provided to both retail and non-retail customers, with details as follows: a. By debtor (i) Related parties 2021 2022 State-owned enterprises 1,336 1,985 Government agencies 679 675 PT Indonusa Telemedia ("Indonusa") 439 385 PT Indosat Tbk. ("Indosat") 148 175 Others (each below Rp100 billion) 176 156 Total 2,778 3,376 Allowance for expected credit losses (1,400) (1,367) Net 1,378 2,009 (ii) Third parties 2021 2022 Individual and business subscribers 12,644 11,842 Overseas international carriers 890 984 Total 13,534 12,826 Allowance for expected credit losses (6,402) (6,201) Net 7,132 6,625 b. By age (i) Related parties 2021 2022 Up to 3 months 1,319 1,841 3 to 6 months 238 267 More than 6 months 1,221 1,268 Total 2,778 3,376 Allowance for expected credit losses (1,400) (1,367) Net 1,378 2,009 (ii) Third parties 2021 2022 Up to 3 months 6,753 6,797 3 to 6 months 686 397 More than 6 months 6,095 5,632 Total 13,534 12,826 Allowance for expected credit losses (6,402) (6,201) Net 7,132 6,625 (iii) Aging of total trade receivables 2021 2022 Allowance for Expected Allowance for Expected expected credit credit expected credit credit Gross losses loss rate Gross losses loss rate Not past due 5,625 532 9.5 % 6,964 399 5.7 % Past due up to 3 months 2,447 328 13.4 % 1,674 349 20.8 % Past due more than 3 to 6 months 924 253 27.4 % 664 222 33.4 % Past due more than 6 months 7,316 6,689 91.4 % 6,900 6,598 95.6 % Total 16,312 7,802 16,202 7,568 The Group has made allowance for expected credit losses based on the collective assessment of historical impairment rates and individual assessment of its customers’ credit history, adjusted for forward-looking factors specific from the customers and the economic environment. The Group does not apply a distinction between related party and third party receivables in assessing amounts past due. As of December 31, 2021 and 2022, the carrying amounts of trade receivables of the Group considered past due but not impaired amounted to Rp3,417 billion and Rp2,069 billion, respectively. Management believes that receivables past due but not impaired, along with trade receivables that are neither past due nor impaired, are due from customers with good credit history and are expected to be recoverable. c. By currency (i) Related parties 2021 2022 Rupiah 2,777 3,369 U.S. Dollar 1 7 Total 2,778 3,376 Allowance for expected credit losses (1,400) (1,367) Net 1,378 2,009 (ii) Third parties 2021 2022 Rupiah 11,838 11,345 U.S. Dollar 1,606 1,352 Singapore Dollar 56 89 Others (each below Rp100 billion) 34 40 Total 13,534 12,826 Allowance for expected credit losses (6,402) (6,201) Net 7,132 6,625 d. Movements in the allowance for expected credit losses 2021 2022 Beginning balance 8,360 7,802 Allowance for expected credit losses 474 567 Receivables written off (1,032) (801) Ending balance 7,802 7,568 The receivables written-off relate to both related party and third party trade receivables. Management believes that the allowance for expected credit losses of trade receivables is adequate to cover losses on uncollectible trade receivables. As of December 31, 2021 and 2022, certain trade receivables of the subsidiaries amounting to Rp2,330 billion and Rp1,129 billion, respectively, have been pledged as collateral under lending agreements (Notes 19a and 20c). |
CONTRACT ASSETS - NET
CONTRACT ASSETS - NET | 12 Months Ended |
Dec. 31, 2022 | |
CONTRACT ASSETS - NET | |
CONTRACT ASSETS - NET | 7. CONTRACT ASSETS - NET The breakdown of contract assets is as follows: 2021 2022 Contract assets 2,588 2,610 Allowance for expected credit losses (115) (119) Net 2,473 2,491 Current portion (2,330) (2,457) Non-current portion 143 34 Management believes that the allowance for expected credit losses of contract assets is adequate to cover losses on uncollectible contract assets. Refer to Note 31 for details of related party transactions. |
INVENTORIES - NET
INVENTORIES - NET | 12 Months Ended |
Dec. 31, 2022 | |
INVENTORIES - NET | |
INVENTORIES - NET | 8. INVENTORIES - NET Inventories, all recognize at net realizable value, consist of: 2021 2022 Components 578 588 SIM cards and prepaid vouchers 148 321 Others (each below Rp100 billion) 122 294 Total 848 1,203 Provision for obsolescence (69) (59) Net 779 1,144 Management believes the provision is adequate to cover losses from the decline in inventory value due to obsolescence. The inventories recognized as expenses included in operations, maintenance, and telecommunication service expenses in 2020, 2021 and 2022 amounted to Rp544 billion, Rp739 billion, and Rp747 billion, respectively (Note 26). As of December 31, 2021 and 2022, certain inventories of the subsidiaries amounting to Rp557 billion and RpNil, respectively, have been pledged as collateral under lending agreements. As of December 31, 2021 and 2022, modules (part of property and equipment) and components held by the Group with book value amounting to Rp122 billion and Rp94 billion, respectively, have been insured against fire, theft, and other specific risks. The total sum insured as of December 31, 2021 and 2022 amounted to Rp133 billion and Rp111 billion, respectively. Management believes the insurance coverage is adequate to cover potential losses of inventories arising from the insured risks. |
OTHER CURRENT ASSETS
OTHER CURRENT ASSETS | 12 Months Ended |
Dec. 31, 2022 | |
OTHER CURRENT ASSETS | |
OTHER CURRENT ASSETS | 9. OTHER CURRENT ASSETS The breakdown of other current assets is as follows: 2021 2022 Prepaid frequency license fees - current portion (Note 33c.i) 4,923 5,289 Advances 683 679 Prepaid salaries 185 218 Prepaid rental 170 105 Others (each below Rp100 billion) 401 469 Total 6,362 6,760 Refer to Note 31 for details of related party transactions. |
CONTRACT COSTS
CONTRACT COSTS | 12 Months Ended |
Dec. 31, 2022 | |
CONTRACT COSTS | |
CONTRACT COSTS | 10. CONTRACT COSTS Movement of contract costs for the years ended December 31, 2021 and 2022 are as follows: 2021 Cost to obtain Cost to fulfill Total At January 1, 2021 1,245 463 1,708 Addition current year 568 757 1,325 Amortization during the year (281) (488) (769) At December 31, 2021 1,532 732 2,264 Current (312) (344) (656) Non-current 1,220 388 1,608 2022 Cost to obtain Cost to fulfill Total At January 1, 2022 1,532 732 2,264 Addition current year 360 640 1,000 Amortization during the year (338) (514) (852) At December 31, 2022 1,554 858 2,412 Current (354) (317) (671) Non-current 1,200 541 1,741 There is no provision for impairment of contract costs as of December 31, 2021 and 2022. |
LONG-TERM INVESTMENTS
LONG-TERM INVESTMENTS | 12 Months Ended |
Dec. 31, 2022 | |
LONG-TERM INVESTMENTS | |
LONG-TERM INVESTMENTS | 11. LONG-TERM INVESTMENTS The breakdown of long-term investments are as follows: 2021 2022 Financial instruments At fair value through profit or loss: Equity 12,962 7,624 Convertible bonds 681 884 At fair value through other comprehensive income: Equity 18 22 13,661 8,530 Associates PT Jalin Pembayaran Nusantara ("Jalin") 107 115 Others (each below Rp100 billion) 32 8 139 123 Total long-term investments 13,800 8,653 a. Long-term investment in financial instruments Investments in equity at fair value through profit or loss are long-term investments in the form of shares in various start-up companies engaged in information and technology. The Group does not have significant influence in these start-up companies. The investments include Telkomsel's investment in PT GoTo Gojek Tokopedia Tbk. (“GOTO”). As of December 31, 2022, Telkomsel assessed the fair value of the investment in GOTO was Rp91 per share. The total unrealized loss from changes in fair value of Telkomsel’s investment in GOTO as of December 31, 2022, amounted to Rp6,741 billion and was presented as unrealized loss arising from change of valuation of investments in the consolidated statements of profit or loss. Investments in equity at fair value through profit or loss also included investments by MDI in several start-up entities engaged in the information and technology sector. The additional investments during the year by MDI amounted to Rp1,362 billion. The total unrealized gain from changes in fair value of MDI’s investment amounted to Rp54 billion as of December 31, 2022 and was presented as unrealized gain arising from change of valuation of investment in the consolidated statements of profit or loss. Investments in convertible bonds at fair value through profit or loss represent long-term investments owned by Telkomsel and MDI in the form of convertible bonds in various start-up companies engaged in information and technology, which will be immediately converted into shares when they mature. b. Long-term investment in associates Investment in associates which include investment in: (i) Jalin was previously a subsidiary, on June 19, 2019, the Group sold of its 67.00% ownership, thus ownership in Jalin is 33.00% . (ii) PT Fintek Karya Nusantara (“Finarya”) of 24.83% . Finarya was previously a subsidiary of Telkomsel. In 2019, there was an increase in issued and paid-up capital made by various investors hence Finarya became associate entity of Telkomsel. (iii) PT Omni Inovasi Indonesia Tbk. ("Omni Inovasi Indonesia") (previously PT Tiphone Mobile Indonesia Tbk.) of 24.00% . Since 2019, management has recognized full impairment of investment in PT Omni Inovasi Indonesia Tbk. The unrecognized share in losses in other investments cumulatively as of December 31, 2021 and 2022 was amounting to Rp341 billion and Rp346 billion, respectively. |
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT | 12 Months Ended |
Dec. 31, 2022 | |
PROPERTY AND EQUIPMENT. | |
PROPERTY AND EQUIPMENT | 12. PROPERTY AND EQUIPMENT The details of property and equipment are as follows: December 31, Reclassifications/ December 31, 2020 Additions Deductions Translations 2021 At cost: Directly acquired assets Buildings 16,137 197 (5) 967 17,296 Leasehold improvements 1,410 45 (35) 57 1,477 Switching equipment 17,506 1,112 (1,223) 929 18,324 Telegraph, telex, and data communication equipment 2,012 — — (429) 1,583 Transmission installation and equipment 159,196 3,829 (3,479) 6,075 165,621 Satellite, earth station, and equipment 10,423 359 (15) (239) 10,528 Cable network 60,796 8,722 (33) (1,926) 67,559 Power supply 20,988 303 (390) 1,134 22,035 Data processing equipment 17,663 250 (314) 1,659 19,258 Other telecommunication peripherals 7,513 1,646 — (38) 9,121 Office equipment 2,125 205 (57) 79 2,352 Vehicles 551 34 (43) (5) 537 Other equipment 68 6 — (27) 47 Property under construction 2,524 13,613 (29) (13,158) 2,950 Total 318,912 30,321 (5,623) (4,922) 338,688 Accumulated depreciation and impairment losses: Directly acquired assets Buildings 4,872 652 (2) 15 5,537 Leasehold improvements 1,061 132 (30) — 1,163 Switching equipment 11,621 1,871 (1,223) (44) 12,225 Telegraph, telex, and data communication equipment 1,582 — — — 1,582 Transmission installation and equipment 87,991 11,554 (3,227) (1,786) 94,532 Satellite, earth station, and equipment 4,412 743 (16) 60 5,199 Cable network 15,978 4,210 (11) (1,442) 18,735 Power supply 14,757 1,546 (383) (46) 15,874 Data processing equipment 12,780 1,708 (301) (57) 14,130 Other telecommunication peripherals 2,885 1,492 — (47) 4,330 Office equipment 1,574 357 (57) (8) 1,866 Vehicles 229 71 (26) (4) 270 Other equipment 47 4 — (11) 40 Total 159,789 24,340 (5,276) (3,370) 175,483 Net book value 159,123 163,205 December 31, Reclassifications/ December 31, 2021 Additions Deductions Translations 2022 At cost: Directly acquired assets Buildings 17,296 778 (1) 874 18,947 Leasehold improvements 1,477 80 (86) 100 1,571 Switching equipment 18,324 1,066 (130) 823 20,083 Telegraph, telex, and data communication equipment 1,583 — — — 1,583 Transmission installation and equipment 165,621 4,494 (9,501) 10,492 171,106 Satellite, earth station, and equipment 10,528 155 (5) 126 10,804 Cable network 67,559 7,807 (9) (662) 74,695 Power supply 22,035 433 (719) 1,527 23,276 Data processing equipment 19,258 877 (390) 1,209 20,954 Other telecommunication peripherals 9,121 1,261 — 20 10,402 Office equipment 2,352 157 (85) 201 2,625 Vehicles 537 100 (165) 133 605 Other equipment 47 2 (3) 5 51 Property under construction 2,950 16,936 — (15,288) 4,598 Total 338,688 34,146 (11,094) (440) 361,300 Accumulated depreciation and impairment losses: Directly acquired assets Buildings 5,537 632 (1) 60 6,228 Leasehold improvements 1,163 130 (86) — 1,207 Switching equipment 12,225 1,985 (127) 17 14,100 Telegraph, telex, and data communication equipment 1,582 — — — 1,582 Transmission installation and equipment 94,532 12,087 (9,362) 78 97,335 Satellite, earth station, and equipment 5,199 830 (5) 17 6,041 Cable network 18,735 4,388 (9) (604) 22,510 Power supply 15,874 1,699 (712) 29 16,890 Data processing equipment 14,130 1,806 (388) (58) 15,490 Other telecommunication peripherals 4,330 1,717 — 20 6,067 Office equipment 1,866 261 (79) 25 2,073 Vehicles 270 38 (135) 69 242 Other equipment 40 3 (2) 3 44 Total 175,483 25,576 (10,906) (344) 189,809 Net book value 163,205 171,491 a. Gain on sale of property and equipment 2020 2021 2022 Proceeds from sale of property and equipment 236 756 526 Net book value (20) (36) (129) Gain on sale of property and equipment 216 720 397 b. Others (i) During 2021 and 2022, the CGUs that independently generate cash inflows are fixed wireline, cellular and others. Management believes that there is no indication of impairment in the assets of such CGUs as of December 31, 2021 and 2022. (ii) Interest capitalized to property under construction amounted to Rp 160 billion, Rp 52 billion, and Rp 79 billion for the year ended December 31, 2020, 2021, and 2022, respectively. The capitalization rate used to determine the number of borrowing costs eligible for capitalization ranged from 6.25% to 11.00% , 5.63% to 8.70%, and 5.63% to 7.90% for the year ended December 31, 2020, 2021, and 2022, respectively. (iii) No foreign exchange loss was capitalized as part of property under construction for the year ended December 31, 2020, 2021, and 2022. (iv) In 2020, 2021, and 2022, the Group obtained proceeds from the insurance claim on lost and broken property and equipment, with a total value of Rp 234 billion, Rp 133 billion, and Rp 299 billion, respectively, and were recorded as part of “Other income - net” in the consolidated statements of profit or loss and other comprehensive income. In 2020, 2021, and 2022 the net carrying values of those assets of Rp 190 billion, Rp 103 billion, and Rp 270 billion, respectively, were charged to the consolidated statements of profit or loss and other comprehensive income. (v) In 2022, the estimated useful lives of towers owned by the Group were changed from 30 to 40 years . The impact of reduction in the depreciation expense for the year ended December 31, 2022 and the estimate for the year ended 2023 amounted to Rp 93 billion and Rp 373 billion, respectively. Towers are presented as part of transmission installation and equipment. (vi) As of December 31, 2021 and 2022, the equipment units of Telkomsel with the carrying amount of Rp 818 billion and Rp 6 billion, respectively, will be exchanged, and therefore the equipment units were reclassified as assets held for sale in the consolidated statements of financial position. In 2021 and 2022, the equipment units of Telkomsel with the net carrying amount of Rp 258 billion and Rp 909 billion, respectively, had been exchanged with equipment units of PT ZTE Indonesia. There is no provision for impairment of assets held for sale as of December 31, 2021 and 2022. (vii) In 2021, the Company decided to discontinue the use of MSAN assets and accelerate the depreciation of the MSAN assets, which will be fully depreciated in 2022. The impact of accelerated depreciation of MSAN assets for the year ended December 31, 2021 and 2022 amounted to Rp 1,603 billion and Rp 1,494 billion, respectively. MSAN assets are presented as part of cable network. (viii) As of December 31, 2021 and 2022, the Group’s property and equipment with net carrying amount of Rp 161,287 billion and Rp 172,112 billion, respectively, were insured against fire, theft, earthquake and other specified risks, including business interruption, under blanket policies totaling Rp 29,601 billion and Rp 36,319 billion, HK $8 million and HK $10 million, SG $360 million and SG $373 million, and MYR 72 million and MYR 54 million, respectively, and first loss basis amounted to Rp 2,750 billion and Rp 2,750 billion, respectively. Management believes that the insurance coverage is adequate to cover potential losses from the insured risks. (ix) As of December 31, 2021 and 2022, the percentage of completion of property under construction was approximately 75.63% and 55.91% , respectively, of the total contract value, with estimated dates of completion until February 2025 and August 2025, respectively. The balance of property under construction mainly consists of buildings, transmission installation and equipment, cable network, and power supply. Management believes that there is no impediment to the completion of the construction in progress. (x) As of December 31, 2021 and 2022, all assets owned by the Company have been pledged as collateral for bonds (Note 20b) while certain property and equipment of the Company’s subsidiaries with gross carrying value amounting to Rp 22,939 billion and Rp 18,370 billion, respectively, have been pledged as collaterals under lending agreements (Notes 19a and 20c). (xi) As of December 31, 2021 and 2022, the cost of fully depreciated property and equipment of the Group that are still used in operations amounted to Rp 67,355 billion and Rp 67,979 billion, respectively. The Group is currently conducting modernization of network assets to replace the fully depreciated property and equipment. (xii) In 2021 and 2022, the total fair values of land rights and buildings of the Group amounted to Rp 45,604 billion and Rp 49,014 billion, respectively. |
RIGHT-OF-USE ASSETS
RIGHT-OF-USE ASSETS | 12 Months Ended |
Dec. 31, 2022 | |
RIGHT-OF-USE ASSETS | |
RIGHT-OF-USE ASSETS | 13. RIGHT-OF-USE ASSETS The carrying amounts of right-of-use assets recognized and the movement during the year: Transmission installation and Land rights Buildings equipment Vehicles Others Total As at January 1, 2021 5,407 539 12,187 536 435 19,104 Additions 1,001 461 4,406 83 91 6,042 Deductions and reclassifications (95) (39) (672) (13) (70) (889) Depreciation expense (975) (331) (3,182) (198) (318) (5,004) As at December 31, 2021 5,338 630 12,739 408 138 19,253 Additions 1,179 121 8,205 488 23 10,016 Deductions and reclassifications (178) (22) (2,122) (198) 8 (2,512) Depreciation expense (891) (187) (3,935) (178) (35) (5,226) As at December 31, 2022 5,448 542 14,887 520 134 21,531 The carrying amounts of the lease liabilities and the movements are as follows: 2021 2022 As at January 1 14,877 15,888 Accretion of interest 2,363 975 Additions (Note 36a) 4,234 10,006 Deductions (5,586) (8,396) As at December 31 15,888 18,473 Current maturities (5,525) (4,772) Non-current 10,363 13,701 Maturity analysis of lease payments are as follows: 2022 No later than a year 5,741 Later than 1 year and no later than 5 years 11,278 Later than 5 years 4,889 Total lease payments 21,908 Interest (3,435) Net present value of lease payments 18,473 Current maturities (4,772) Non-current 13,701 The Group leases several assets including land rights, building, transmission installation and equipment, vehicles, and others which are used in operations, which generally have lease term between 1 and 33 years. The Group also has certain leases with lease terms of twelve months or less and low-value leases. The Group applies the ‘short-term lease’ and ‘lease of low-value assets’ recognition exemptions for these leases. There are no lease contracts with variable lease payments. The following are the amounts recognized in profit or loss: 2021 2022 Depreciation expense of right-of-use assets 5,004 5,226 Expense relating to short-term leases 5,251 3,821 Interest expense on lease liabilities 2,363 975 Expense relating to leases of low-value assets 57 52 |
OTHER NON-CURRENT ASSETS
OTHER NON-CURRENT ASSETS | 12 Months Ended |
Dec. 31, 2022 | |
OTHER NON-CURRENT ASSETS | |
OTHER NON-CURRENT ASSETS | 14. OTHER NON-CURRENT ASSETS The breakdown of other non-current assets is as follows: 2021 2022 Prepaid frequency license fees - net of current portion (Note 33c.i) 1,572 1,291 Advances 868 781 Prepaid expenses 454 446 Claims for tax refund - net of current portion (Note 28b) 1,224 353 Prepaid taxes - net of current portion (Note 28a) 865 268 Security deposits 102 144 Others (each below Rp100 billion) 446 340 Total 5,531 3,623 Refer to Note 31 for details of related party transactions. |
INTANGIBLE ASSETS
INTANGIBLE ASSETS | 12 Months Ended |
Dec. 31, 2022 | |
INTANGIBLE ASSETS | |
INTANGIBLE ASSETS | 15. INTANGIBLE ASSETS The details of intangible assets Other intangible Goodwill Software License assets Total Gross carrying amount: Balance, December 31, 2020 1,428 14,688 94 1,474 17,684 Additions 64 2,938 80 11 3,093 Deductions — (19) — — (19) Reclassifications/translations — (149) — 27 (122) Balance, December 31, 2021 1,492 17,458 174 1,512 20,636 Accumulated amortization and impairment losses: Balance, December 31, 2020 (117) (9,863) (94) (764) (10,838) Amortization — (1,828) (31) (143) (2,002) Impairment losses (277) — — — (277) Deductions — 11 — — 11 Reclassifications/translations — (34) — 10 (24) Balance, December 31, 2021 (394) (11,714) (125) (897) (13,130) Net book value 1,098 5,744 49 615 7,506 Other intangible Goodwill Software License assets Total Gross carrying amount: Balance, December 31, 2021 1,492 17,458 174 1,512 20,636 Additions — 2,527 440 49 3,016 Deductions — (175) — (70) (245) Reclassifications/translations — (31) 6 — (25) Balance, December 31, 2022 1,492 19,779 620 1,491 23,382 Accumulated amortization and impairment losses: Balance, December 31, 2021 (394) (11,714) (125) (897) (13,130) Amortization — (2,063) (26) (91) (2,180) Deductions — 175 — 70 245 Reclassifications/translations — (14) (1) — (15) Balance, December 31, 2022 (394) (13,616) (152) (918) (15,080) Net book value 1,098 6,163 468 573 8,302 (i) Goodwill resulted from the acquisition of Sigma (2008), Admedika (2010), data center PT Bina Data Mandiri ("BDM") (2012), Contact Centres Australia Pty. Ltd. (2014), MNDG (2015), Melon and PT Griya Silkindo Drajatmoerni ("GSDm") (2016), TSGN and Nutech (2017), SSI, CIP, and Telin Malaysia (2018), PST (2019), and Digiserve (2021) (Note 1e). (ii) As of December 31, 2021, the impairment of goodwill arising from the acquisition of Contact Centres Australia Pty. Ltd., SSI, and Telin Malaysia amounted to Rp 37 billion, Rp 179 billion, and Rp 61 billion, respectively. The impairment losses are presented as part of “Depreciation and amortization expenses” in the consolidated statements of profit or loss and other comprehensive income. (iii) The remaining amortization periods of software for the year ended December 2020, 2021, and 2022 ranges from 1 to 6 years , respectively. The amortization expense is presented as part of “Depreciation and amortization expenses” in the consolidated statements of profit or loss and other comprehensive income. (iv) As of December 31, 2021 and 2022, the cost of fully amortized intangible assets that are still utilized in operations amounted to Rp 7,910 billion and Rp 9,640 billion, respectively. |
TRADE AND OTHER PAYABLES
TRADE AND OTHER PAYABLES | 12 Months Ended |
Dec. 31, 2022 | |
TRADE AND OTHER PAYABLES | |
TRADE AND OTHER PAYABLES | 16. TRADE AND OTHER PAYABLES This account consists of the following: 2021 2022 Trade payables 17,170 18,457 Other payables 609 463 Total trade and other payables 17,779 18,920 The breakdown of trade payables is as follows: 2021 2022 Related parties Radio frequency usage charges, concession fees, and Universal Service Obligation (“USO”) charges 1,329 1,342 Purchases of equipments, materials, and services 431 264 Payables to other telecommunication providers 112 169 Sub-total 1,872 1,775 Third parties Purchases of equipments, materials, and services 12,759 14,451 Payables to other telecommunication providers 2,539 2,231 Sub-total 15,298 16,682 Total 17,170 18,457 Trade payables by currency are as follows: 2021 2022 Rupiah 15,584 16,727 U.S. Dollar 1,506 1,636 Others 80 94 Total 17,170 18,457 Terms and conditions of the trade and other payables: a. The Group's trade payables and other payables are non-interest bearing and normally settled within 1 year term. b. Refer to Note 31 for details on related party transactions. c. Refer to Note 34b.v for the Group's liquidity risk management. |
ACCRUED EXPENSES
ACCRUED EXPENSES | 12 Months Ended |
Dec. 31, 2022 | |
ACCRUED EXPENSES | |
ACCRUED EXPENSES | 17. ACCRUED EXPENSES The breakdown of accrued expenses is as follows: 2021 2022 Operation, maintenance, and telecommunication service 8,978 8,183 Salaries and benefits 4,180 4,014 General, administrative, and marketing expenses 2,583 3,067 Interest and bank charges 144 181 Total 15,885 15,445 Refer to Note 31 for details of related party transactions. |
CONTRACT LIABILITIES
CONTRACT LIABILITIES | 12 Months Ended |
Dec. 31, 2022 | |
CONTRACT LIABILITIES | |
CONTRACT LIABILITIES | 18. CONTRACT LIABILITIES The breakdown of contract liabilities is as follows: a. Current 2021 2022 Advances from customers for Mobile 4,155 3,577 Advances from customers for WIB 1,138 1,188 Advances from customers for Enterprise 1,161 1,126 Advances from customers for Consumer 185 233 Others (each below Rp100 billion) 156 171 Total 6,795 6,295 b. Non-Current 2021 2022 Advances from customers for Consumer 787 844 Advances from customers for WIB 457 700 Advances from customers for Enterprise 39 17 Total 1,283 1,561 Contract liabilities at the beginning period which were recognized as revenue in 2021 and 2022 amounted to Rp7,832 billion and Rp6,795 billion, respectively. Refer to Note 31 for details of related party transactions. |
SHORT-TERM BANK LOANS AND CURRE
SHORT-TERM BANK LOANS AND CURRENT MATURITIES OF LONG-TERM LOANS AND OTHER BORROWINGS | 12 Months Ended |
Dec. 31, 2022 | |
SHORT-TERM BANK LOANS AND CURRENT MATURITIES OF LONG-TERM BANK LOANS AND OTHER BORROWINGS | |
SHORT-TERM BANK LOANS AND CURRENT MATURITIES OF LONG-TERM BANK LOANS AND OTHER BORROWINGS | 19. SHORT-TERM BANK LOANS AND CURRENT MATURITIES OF LONG-TERM LOANS AND OTHER BORROWINGS This account consists of the following: 2021 2022 Short-term bank loans 6,682 8,191 Current maturities of long-term borrowings 9,690 8,858 Total 16,372 17,049 a. Short-term bank loans Outstanding Lenders 2021 2022 Related parties Bank Mandiri 550 3,483 BNI 1,028 979 Sub-total 1,578 4,462 Third parties PT Bank HSBC Indonesia ("HSBC") 1,937 1,836 MUFG Bank ("MUFG") 1,853 1,349 PT Bank DBS Indonesia ("DBS") 545 475 UOB 400 — PT Bank Central Asia ("BCA") 350 — Others (each below Rp100 billion) 19 69 Sub-total 5,104 3,729 Total 6,682 8,191 Other significant information relating to short-term bank loans as of December 31, 2022 is as follows: Total facility (in Interest rate per Borrower billions)* Maturity date Interest rate annum Security** Mandiri 2021 - 2022 Nutech, Mitratel 3,100 July 26, 2023 - Monthly 3.85% - 9.00% Trade receivables and property and equipment 2020 Finnet 500 April 28, 2023 Monthly 1 month JIBOR + 1.30% None BNI 2014 - 2017 GSD, Sigma a 350 November 7, 2023 - Monthly 7.90% - 8.50% Trade receivables and property and equipment 2017 - 2021 Metranet, Telkom Infra, Infomedia b 1,135 February 18, 2023 - Monthly 1 month JIBOR + Trade receivables HSBC 2014 Sigma c,e 400 November 17, 2023 Monthly Under BLR Trade receivables 2018 - 2019 Sigma d 2,250 January 31, 2023 - Monthly, Quarterly 1 month None MUFG Bank 2018 - 2022 Infomedia, Metra, GSD, Telkom Infra, Mitratel 2,430 June 21, 2023 - Monthly 1 month None DBS 2018 Telkom Infra, Infomedia 475 July 31, 2023 Monthly 1 month JIBOR + Trade receivables * ** a b c d e As stated in the agreements, the Group is required to comply with all covenants or restrictions such as limitation that the Company must have a majority shareholding of at least 51% of the subsidiaries and maintaining financial ratios. As of December 31, 2022, the Group has complied with all covenants. The credit facilities were obtained by the Group for working capital purposes. b. Current maturities of long-term loans and other borrowings Notes 2021 2022 Two-step loans 20a 138 118 Bonds 20b 2,200 — Bank loans 20c 6,311 7,788 Other borrowings 20d 1,041 952 Total 9,690 8,858 |
LONG-TERM LOANS AND OTHER BORRO
LONG-TERM LOANS AND OTHER BORROWINGS | 12 Months Ended |
Dec. 31, 2022 | |
LONG-TERM BANK LOANS AND OTHER BORROWINGS | |
LONG-TERM BANK LOANS AND OTHER BORROWINGS | 20. LONG-TERM LOANS AND OTHER BORROWINGS Long-term loans and other borrowings consist of the following: Notes 2021 2022 Two-step loans 20a 217 91 Bonds 20b 4,793 4,793 Bank loans 20c 29,745 22,085 Other borrowings 20d 1,564 362 Total 36,319 27,331 Scheduled principal payments as of December 31, 2022 are as follows: Year Notes Total 2024 2025 2026 2027 Thereafter Two-step loans 20a 91 91 — — — — Bonds 20b 4,793 — 2,098 — — 2,695 Bank loans 20c 22,085 6,720 5,785 4,226 2,167 3,187 Other borrowings 20d 362 362 — — — — Total 27,331 7,173 7,883 4,226 2,167 5,882 a. Two-step loans Two-step loans are unsecured loans obtained by the Government from overseas banks which are then re-loaned to the Company. Loans obtained up to July 1994 are payable in Rupiah based on the exchange rate at the date of drawdown. Loans obtained after July 1994 are payable in their original currencies and any resulting foreign exchange gain or loss is borne by the Company. 2021 2022 Outstanding Outstanding Foreign currency Rupiah Foreign currency Rupiah Lenders Currency (in millions) equivalent (in millions) equivalent Overseas banks Yen 2,304 285 1,536 181 US$ 1 14 — — Rp — 56 28 Total 355 209 Current maturities (Note 19b) (138) (118) Long-term portion 217 91 Principal payment Interest payment Interest rate per Lenders Currency schedule period annum Overseas banks Yen Semi-annually Semi-annually 2.95 % Rp Semi-annually Semi-annually 7.125 % The loans were intended for the development of telecommunications infrastructure and supporting telecommunications equipment. The loans will be settled semi-annually and due on various dates through 2024. The Company had used all facilities under the two-step loans program since 2008 and the withdrawal period for the two-step loans has ended. Under the loan covenants, the Company is required to maintain financial ratios as follows: i. Projected net revenue to projected debt service ratio should exceed 1, 2 :1 for the two-step loans originating from Asian Development Bank (“ADB”). ii. I nternal financing (earnings before depreciation and finance costs) should exceed 20% compared to annual average capital expenditures for loans originating from the ADB. As of December 31, 2022, the Company has complied with the above-mentioned ratios. b. Bonds Outstanding 2021 2022 2015 Series A 2,200 — Series B 2,100 2,100 Series C 1,200 1,200 Series D 1,500 1,500 Total 7,000 4,800 Unamortized debt issuance cost (7) (7) Total 6,993 4,793 Current maturities (Note 19b) (2,200) — Long-term portion 4,793 4,793 Bonds 2015 Interest payment Interest rate Bonds Principal Issuer Listed on Issuance date Maturity date period per annum Series A 2,200 The Company IDX June 23, 2015 June 23, 2022 Quarterly 9.93 % Series B 2,100 The Company IDX June 23, 2015 June 23, 2025 Quarterly 10.25 % Series C 1,200 The Company IDX June 23, 2015 June 23, 2030 Quarterly 10.60 % Series D 1,500 The Company IDX June 23, 2015 June 23, 2045 Quarterly 11.00 % Total 7,000 The bonds are not secured by specific security but by all of the Company’s assets, movable or non-movable, either existing or in the future (Note 12b.x). The underwriters of the bonds are PT Bahana TCW Management Investment (“Bahana TCW”), PT BRI Danareksa Sekuritas, PT Mandiri Sekuritas, and PT Trimegah Sekuritas Indonesia Tbk. and the trustee is Bank Permata. The Company received the proceeds from the issuance of bonds on June 23, 2015. The funds received from the public offering of bonds net of issuance costs, were used to finance capital expenditures which consisted of wave broadband, backbone, metro network, regional metro junction, information technology application and support, and acquisition of some domestic and international entities. As of December 31, 2022, the rating of the bonds issued by Pefindo is idAAA (Triple A). Based on the Indenture Trusts Agreement, the Company is required to comply with all covenants or restrictions, including maintaining financial ratios as follows: (a) Debt to equity ratio should not exceed 2:1. (b) EBITDA to interest ratio should not be less than 4:1. (c) Debt service coverage is at least 125%. As of December 31, 2022, the Company has complied with the above-mentioned ratio. c. Bank loans 2021 2022 Outstanding Outstanding Foreign Foreign currency Rupiah currency Rupiah Lenders Currency (in millions) equivalent (in millions) equivalent Related parties BNI Rp — 7,500 — 5,472 Bank Mandiri Rp — 7,374 — 4,381 BRI Rp — 2,223 — 1,409 BSI Rp — 533 — 22 Sub-total 17,630 11,284 Third parties BCA Rp — 8,651 — 9,757 Bank CIMB Niaga Rp — 194 — 2,221 US$ 0 5 4 61 DBS Rp — 3,887 — 1,500 Bank Permata Rp — 1,188 — 1,021 Bank of China Rp — 400 — 1,000 Syndication of banks Rp — 350 — 680 US$ 24 338 17 265 HSBC Rp — 750 — 750 MUFG Bank Rp — 1,972 — 500 Bank Danamon Rp — — — 455 UOB Singapore US$ 22 314 13 205 PT Bank ANZ Indonesia ("Bank ANZ") Rp — 286 — 198 Others (each below Rp100 billion) Rp — 152 — 60 MYR 11 36 10 34 Sub-total 18,523 18,707 Total 36,153 29,991 Unamortized debt issuance cost (97) (118) 36,056 29,873 Current maturities (Note 19b) (6,311) (7,788) Long-term portion 29,745 22,085 Other significant information relating to bank loans as of December 31, 2022 is as follows: Current Total period Principal Interest facility payment payment payment Interest rate Borrower Currency (in billions)* (in billions)* schedule period per annum Security** BNI 2018 GSD Rp 182 32 2020 - 2024 Monthly 8.75% Trade receivables 2013 - 2021 The Company, GSD, TLT, Sigma, Mitratel Rp 8,175 1,384 2016 - 2033 Monthly, Quarterly 1 month JIBOR + 2.25%; Trade receivables and property and equipment Bank Mandiri 2017- 2020 The Company, GSD, Mitratel, Rp 6,693 1,128 2019 - 2027 Quarterly 3 months JIBOR + None Current Total period Principal Interest Interest facility payment payment payment rate per Borrower Currency (in billions)* (in billions)* schedule period annum Security** BRI 2017 - 2019 The Company Rp 2,500 455 2019 - 2026 Quarterly 3 months JIBOR + None BSI 2019 SSI Rp 55 11 2019 - 2024 Monthly 7.50% None BCA 2020 - 2021 The Company, Mitratel, PST, GSD Rp 15,986 2,880 2020 - 2030 Quarterly, 3 months JIBOR + Trade receivables and property and equipment Bank CIMB Niaga 2019 - 2022 GSD, PINS,Mitratel Rp 2,500 65 2020 - 2029 Quarterly 3 months JIBOR + 1.30% - 1.95% None 2021 - 2022 Telin US$ 0 — 2024 - 2030 Semi-annually 6 months SOFR + 1.82% None DBS 2021 Mitratel Rp 3,500 2,000 2023 - 2028 Semi-annually 3 months JIBOR + Property and equipment Bank Permata 2020 - 2021 Mitratel Rp 1,500 167 2021 - 2028 Semi-annually 3 months JIBOR + Property and equipment Bank of China 2019 Telkomsel Rp 1,000 900 2021 - 2023 Quarterly 1 month JIBOR + None Syndication of banks 2022 Mitratel Rp 2,500 — 2024 - 2030 Semi-annually 7.68% None 2018 Telin US$ 0 0 2019 - 2025 Semi-annually 6 months None HSBC 2021 Mitratel Rp 750 — 2023 - 2028 Semi-annually 3 months Property and equipment MUFG Bank 2021 Mitratel Rp 500 — 2022 - 2028 Quarterly 3 months None Bank Danamon 2022 Mitratel Rp 636 182 2022 - 2025 Quarterly 3 months None UOB Singapore 2018 Telin US$ 0 0 2019 - 2024 Semi-annually 6 months None ANZ 2015 GSD, PINS Rp 740 88 2020 - 2025 Quarterly 3 months JIBOR + None * ** Refer to Notes 6 and Notes 12 for details of trade receivables and property and equipment pledged as collaterals. Telkomsel has no collateral for its bank loans, or other credit facilities. The terms of the various agreements with Telkomsel’s lenders and financiers require compliance with a number of covenants and negative covenants as well as financial and other covenants, which include, among other things, certain restrictions on the amount of dividends and other profit distributions which could adversely affect Telkomsel’s capacity to comply with its obligation under the facility. The terms of the relevant agreements also contain default and cross default clauses. As of December 31, 2022 Telkomsel has complied with the above covenants. As stated in the agreements, the Group is required to comply with all covenants or restrictions such as dividend distribution, obtaining new loans, and maintaining financial ratios. As of December 31, 2022, the Group obtained waiver from lenders for the non-fulfillment financial ratios in Metra, Sigma, GSD, and TLT. The waivers from HSBC, Bank DBS, BNI, and Bank Mandiri were received on December 19, 2022, December 22, 2022, December 23, 2022, December 29, 2022, and December 26, 2022. As of December 31, 2022, the Group has complied with all covenants. The credit facilities were obtained by the Group for working capital purposes and investment purposes. d. Other borrowings Outstanding Lenders 2021 2022 PT Sarana Multi Infrastruktur (Persero) 2,609 1,315 ("Sarana Multi Infrastruktur") (4) (1) Total 2,605 1,314 Current maturities (Note 19b) (1,041) (952) Long-term portion 1,564 362 Other significant information relating to other borrowings as of December 31, 2022 is as follows: Total facility Current period Principal payment Interest rate Borrower Currency (in billions) payment (in billions) schedule per annum Security Sarana Multi Infrastruktur November 14, 2018 The Company Rp 1,000 220 Semi-annually (2019 - 2023) 3 months JIBOR + 1.75% None March 29, 2019* The Company Rp 2,836 700 Semi-annually (2020 - 2024) 3 months JIBOR + 1.75% None March 29, 2019* Telkomsat Rp 164 23.5 Semi-annually (2020 - 2024) 3 months JIBOR + 1.75% None * Under the agreement, the Company and Telkomsat are required to comply with all covenants or restrictions, including maintaining financial ratios as follows: (a) Debt to equity ratio should not exceed 2:1 (b) Net debt EBITDA to interest ratio should not be less than 4:1 (c) Debt service coverage is at least 125% As of December 31, 2022, the Company and Telkomsat has complied with the above-mentioned ratios. |
NON-CONTROLLING INTERESTS
NON-CONTROLLING INTERESTS | 12 Months Ended |
Dec. 31, 2022 | |
NON-CONTROLLING INTERESTS. | |
NON-CONTROLLING INTERESTS | 21. NON-CONTROLLING INTERESTS The details of non-controlling interests are as follows: 2021 2022 Non-controlling interests in net assets of subsidiaries: Telkomsel 13,663 10,450 Mitratel 9,455 9,031 Others 423 370 Total 23,541 19,851 2020 2021 2022 Non-controlling interests in profit (loss) of subsidiaries: Telkomsel 8,849 9,183 6,476 Mitratel — 79 504 Others (11) (40) 4 Total 8,838 9,222 6,984 Material partly-owned subsidiaries The non-controlling interest which are considered material to the company are the non-controlling interest in Telkomsel and Mitratel. On December 31, 2021 and 2022, the non-controlling interest in Telkomsel holds 35.00% and 35.00% and Mitratel holds 28.13% and 28.15%, respectively. The summarized financial information of Telkomsel and Mitratel are provided below. This information is based on amounts before intercompany eliminations. Summarized statements of financial position: Telkomsel Mitratel 2021 2022 2021 2022 Current assets 12,288 16,290 21,303 7,886 Non-current assets 87,825 83,795 36,396 48,163 Current liabilities (31,316) (31,921) (6,480) (10,206) Non-current liabilities (29,757) (38,365) (17,605) (12,061) Total equity 39,040 29,799 33,614 33,782 Attributable to: Owners of the parent company 25,377 19,349 24,159 24,751 Non-controlling interests 13,663 10,450 9,455 9,031 Summarized statements of profit or loss and other comprehensive income: Telkomsel Mitratel 2020 2021 2022 2021 2022 Revenues 87,103 87,506 89,039 6,870 7,729 Operation expenses (55,834) (52,356) (59,332) (4,123) (4,567) Other expenses – net 451 (1,980) (5,375) (820) (1,195) Profit before income tax 31,720 33,170 24,332 1,927 1,967 Income tax expense – net (6,436) (6,931) (5,805) (494) (175) Profit for the year 25,284 26,239 18,527 1,433 1,792 Other comprehensive income (loss) – net (1,054) (75) 145 8 (1) Total comprehensive income for the year 24,230 26,164 18,672 1,441 1,791 Attributable to non-controlling interests 8,849 9,183 6,476 79 504 Dividends paid to non-controlling interests 7,725 13,204 9,784 — 272 Summarized statements of cash flows: Telkomsel Mitratel 2020 2021 2022 2021 2022 Operating 39,758 40,789 42,970 5,363 6,020 Investing (10,923) (12,943) (8,652) (12,597) (10,893) Financing (28,277) (34,239) (30,783) 25,851 (7,921) Net increase (decrease) in cash and cash equivalents 558 (6,393) 3,535 18,617 (12,794) |
CAPITAL STOCK
CAPITAL STOCK | 12 Months Ended |
Dec. 31, 2022 | |
CAPITAL STOCK. | |
CAPITAL STOCK | 22. CAPITAL STOCK The details of capital stock are as follows: 2021 Percentage of Total paid-in Description Number of shares ownership capital Series A Dwiwarna share Government 1 0 0 Series B shares Government 51,602,353,559 52.09 2,580 The Bank of New York Mellon Corporation* 4,829,039,080 4.87 241 Directors (Note 1b): Ririek Adriansyah 1,156,955 0 0 Budi Setyawan Wijaya 275,000 0 0 Afriwandi 42,500 0 0 Herlan Wijanarko 42,500 0 0 Heri Supriadi 40,000 0 0 Edi Witjara 32,500 0 0 Public (individually less than 5%) 42,629,234,505 43.04 2,132 Total 99,062,216,600 100.00 4,953 2022 Percentage of Total paid-in Description Number of shares ownership capital Series A Dwiwarna share Government 1 0 0 Series B shares Government 51,602,353,559 52.09 2,580 The Bank of New York Mellon Corporation* 3,889,668,580 3.93 194 Directors (Note 1b): Ririek Adriansyah 1,156,955 0 0 Budi Setyawan Wijaya 275,000 0 0 Afriwandi 42,500 0 0 Herlan Wijanarko 42,500 0 0 Heri Supriadi 40,000 0 0 Commisioner (Note 1b): Arya Mahendra Sinulingga 87,500 0 0 Public (individually less than 5%) 43,568,550,005 43.98 2,179 Total 99,062,216,600 100.00 4,953 * The Bank of New York Mellon Corporation serves as the Depositary of the registered ADS holders for the Company’s ADSs. 1 ADS represents 100 Series B shares. The Company issued only 1 Series A Dwiwarna share which is held by the Government and cannot be transferred to any party, and has a veto right in the General Meeting of Stockholders of the Company with respect to election and removal of the Boards of Commissioners and Directors, issuance of new shares, and amendments of the Company’s Articles of Association. The Company's share structure consists of 1 Series A Dwiwarna share and 99,062,216,559 Series B shares (common stock) with total issued and fully paid-up capital of 99,062,216,600 shares. A share of Series A Dwiwarna share belongs to the Government of the Republic of Indonesia. As of December 31, 2022, all of the Company's Series B shares have been listed on the IDX and 38,896,686 ADS have been listed on the NYSE. Pursuant to the AGM of Stockholders of the Company as stated in notarial deed No. 37 dated May 28, 2021 of Utiek R. Abdurachman, S.H., M.Li., M.Kn., the Company’s stockholders approved the distribution of cash dividend and special cash dividend for 2020 amounting to Rp12,482 billion (Rp126.01 per share) and Rp4,161 billion (Rp42.00 per share), respectively. The company paid cash dividend and special cash dividend on July 1, 2021. Pursuant to the AGM of Stockholders of the Company as stated in notarial deed No. 29 dated May 27, 2022 of Ashoya Ratam, S.H., M.Kn., the Company’s stockholders approved the distribution of cash dividend for 2021 amounting to Rp14,856 billion (Rp149.97 per share). The Company paid cash dividend on July 1, 2022. |
BASIC AND DILUTED EARNINGS PER
BASIC AND DILUTED EARNINGS PER SHARE | 12 Months Ended |
Dec. 31, 2022 | |
BASIC AND DILUTED EARNINGS PER SHARE | |
BASIC AND DILUTED EARNINGS PER SHARE | 23. BASIC AND DILUTED EARNINGS PER SHARE Basic earnings per share is computed by dividing profit for the year attributable to owners of the parent company amounting to Rp21,052 billion, Rp24,877 billion and Rp20,736 billion by the weighted average number of shares outstanding during the year totaling 99,062,216,600 shares for the years ended December 31, 2020, 2021 and 2022, respectively. The weighted average number of shares takes into account the weighted average effect of changes in treasury stock transactions during the year. Basic earnings per share amounted to Rp212.51, Rp251.13 and Rp209.32 for the years ended December 31, 2020, 2021 and 2022, respectively. The Company does not have potentially dilutive financial instruments for the years ended December 31, 2020, 2021 and 2022. |
REVENUES
REVENUES | 12 Months Ended |
Dec. 31, 2022 | |
REVENUES | |
REVENUES | 24. REVENUES The Group derives revenues in the following major product lines: Consolidated 2020 Mobile Consumer Enterprise WIB Others revenue Telephone revenues Cellular 19,427 — — 83 — 19,510 Fixed lines — 1,072 838 190 — 2,100 Total telephone revenues 19,427 1,072 838 273 — 21,610 Interconnection revenues 410 — — 7,276 — 7,686 Data, internet, and information technology service revenues Cellular data and internet 59,502 — — — — 59,502 Internet, data communication, and information technology services — 13 8,066 1,665 — 9,744 SMS 4,377 — 440 — — 4,817 Others — 42 939 632 140 1,753 Total data, internet, and information technology service revenues 63,879 55 9,445 2,297 140 75,816 Network revenues 4 — 766 901 — 1,671 Indihome revenues — 19,827 2,387 — — 22,214 Other services Call center service — — 775 70 — 845 Manage service and terminal — — 1,292 1 — 1,293 E-health — — 549 — — 549 E-payment — — 475 — 24 499 Others — 51 1,189 393 354 1,987 Total other services — 51 4,280 464 378 5,173 Total revenues from contract with customer 83,720 21,005 17,716 11,211 518 134,170 Revenues from lessor transactions — — — 2,277 — 2,277 Total revenues 83,720 21,005 17,716 13,488 518 136,447 Adjustments and eliminations — (48) 13 13 (299) Total external revenues as reported in note operating segment 83,720 20,957 17,729 13,501 219 Consolidated 2021 Mobile Consumer Enterprise WIB Others revenue Telephone revenues Cellular 14,664 — — 73 — 14,737 Fixed lines — 896 649 185 — 1,730 Total telephone revenues 14,664 896 649 258 — 16,467 Interconnection revenues 368 — — 7,419 — 7,787 Data, internet, and information technology service revenues Cellular data and internet 64,500 — — — — 64,500 Internet, data communication, and information technology services — 240 7,976 2,056 — 10,272 SMS 4,728 — 26 — — 4,754 Others — — 1,596 922 180 2,698 Total data, internet, and information technology service revenues 69,228 240 9,598 2,978 180 82,224 Network revenues 4 — 1,087 789 — 1,880 Indihome revenues — 23,720 2,605 — — 26,325 Other services Call center service — — 1,012 69 — 1,081 Manage service and terminal — — 2,047 1 — 2,048 E-health — — 640 — — 640 E-payment 3 — 459 — 25 487 Others — 72 1,036 325 426 1,859 Total other services 3 72 5,194 395 451 6,115 Total revenues from contract with customer 84,267 24,928 19,133 11,839 631 140,798 Revenues from lessor transactions — — — 2,412 — 2,412 Total revenues 84,267 24,928 19,133 14,251 631 143,210 Adjustments and eliminations — 2 8 4 (426) Total external revenues as reported in note operating segment 84,267 24,930 19,141 14,255 205 Consolidated 2022 Mobile Consumer Enterprise WIB Others revenue Telephone revenues Cellular 11,905 — — 147 — 12,052 Fixed lines — 757 604 175 — 1,536 Total telephone revenues 11,905 757 604 322 — 13,588 Interconnection revenues 285 — — 8,187 — 8,472 Data, internet, and information technology service revenues Cellular data and internet 69,006 — — — — 69,006 Internet, data communication, and information technology services — 308 7,750 2,228 — 10,286 SMS 4,260 — 49 — — 4,309 Others 9 — 1,733 860 207 2,809 Total data, internet, and information technology service revenues 73,275 308 9,532 3,088 207 86,410 Network revenues 3 — 1,438 937 — 2,378 Indihome revenues — 25,232 2,788 — — 28,020 Other services Call center service — — 1,139 25 — 1,164 Manage service and terminal — — 1,156 1 — 1,157 E-health — — 729 — — 729 E-payment 20 — 454 — — 474 Others 5 52 1,309 280 664 2,310 Total other services 25 52 4,787 306 664 5,834 Total revenues from contract with customer 85,493 26,349 19,149 12,840 871 144,702 Revenues from lessor transactions — — — 2,604 — 2,604 Total revenues 85,493 26,349 19,149 15,444 871 147,306 Adjustments and eliminations — 5 12 (2) (632) Total external revenues as reported in note operating segment 85,493 26,354 19,161 15,442 239 Management expects that most of the transaction price allocated to the unsatisfied contracts as of December 31, 2022 will be recognized as revenue during the next reporting periods. Unsatisfied performance obligations as of December 31, 2022, which management expects to be realised within one year is Rp6,455 billion, and more than one year is Rp4,703 billion. The Group entered into non-cancellable lease agreements as a lessor. The lease agreements cover leased lines, telecommunication equipment, and land and building. These leases have terms of between 1 to 10 years. All leases include a clause to enable an upward revision of the rental charge on an annual basis according to the prevailing market conditions. These lessees are also required to provide a residual value guaranteed on the properties. There is no revenue from major customers which exceeds 10% of total revenues for the years ended December 31, 2020, 2021, and 2022. Refer to Note 31 for details of related party transactions. |
PERSONNEL EXPENSES
PERSONNEL EXPENSES | 12 Months Ended |
Dec. 31, 2022 | |
PERSONNEL EXPENSES | |
PERSONNEL EXPENSES | 25. PERSONNEL EXPENSES The breakdown of personnel expenses is as follows: 2020 2021 2022 Salaries and related benefits 8,272 8,661 9,360 Vacation pay, incentives, and other benefits 4,321 4,999 3,835 Pension and other post-employment benefits (Note 29) 1,449 1,680 1,585 LSA expense (Note 30) 290 153 92 Others 58 31 35 Total 14,390 15,524 14,907 Refer to Note 31 for details of related parties transactions. |
OPERATION, MAINTENANCE, AND TEL
OPERATION, MAINTENANCE, AND TELECOMMUNICATION SERVICE EXPENSES | 12 Months Ended |
Dec. 31, 2022 | |
OPERATION, MAINTENANCE, AND TELECOMMUNICATION SERVICE EXPENSES | |
OPERATION, MAINTENANCE, AND TELECOMMUNICATION SERVICE EXPENSES | 26. OPERATION, MAINTENANCE, AND TELECOMMUNICATION SERVICE EXPENSES The breakdown of operation, maintenance, and telecommunication service expenses is as follows: 2020 2021 2022 Operation and maintenance 19,956 21,467 22,746 Radio frequency usage charges (Note 33c.i) 5,930 6,097 6,510 Leased lines and Customer Premises Equipment("CPE") 3,353 5,003 3,530 Concession fees and USO charges (Note 16) 2,411 2,472 2,601 Electricity, gas, and water 946 898 904 Cost of SIM cards, vouchers, and sales of peripherals (Note 8) 544 739 747 Project management 538 519 400 Vehicles rental and supporting facilities 378 305 343 Insurance 334 432 230 Others (each below Rp100 billion) 185 201 173 Total 34,575 38,133 38,184 Refer to Note 31 for details of related parties transactions. |
GENERAL AND ADMINISTRATIVE EXPE
GENERAL AND ADMINISTRATIVE EXPENSES | 12 Months Ended |
Dec. 31, 2022 | |
GENERAL AND ADMINISTRATIVE EXPENSES | |
GENERAL AND ADMINISTRATIVE EXPENSES | 27. GENERAL AND ADMINISTRATIVE EXPENSES The breakdown of general and administrative expenses is as follows: 2020 2021 2022 General expenses 1,805 2,043 2,259 Professional fees 981 789 1,097 Allowance for expected credit losses 2,344 477 563 Traveling 275 321 421 Training, education, and recruitment 308 284 371 Meeting 184 249 312 Social contribution 223 213 218 Collection expenses 193 212 173 Research and development 52 82 108 Others (each below Rp100 billion) 199 346 332 Total 6,564 5,016 5,854 Refer to Note 31 for details of related parties transactions. |
TAXATION
TAXATION | 12 Months Ended |
Dec. 31, 2022 | |
TAXATION | |
TAXATION | 28. TAXATION a. Prepaid income taxes 2021 2022 The Company - Corporate income tax 500 19 Subsidiaries - Corporate income tax 662 581 Total 1,162 600 Current portion (297) (332) Non-current portion (Note 14) 865 268 b. Prepaid other taxes The breakdown of prepaid other taxes is as follows: 2021 2022 The Company: VAT 1,004 155 Article 21 - Individual income tax — 3 Article 22 - Withholding tax on goods delivery and imports — 1 Article 23 - Withholding tax on service delivery 81 97 Subsidiaries: VAT 2,635 1,561 Article 4(2) - Final tax 5 24 Article 23 - Withholding tax on service delivery 36 24 Total 3,761 1,865 Current portion (2,537) (1,512) Non-current portion (Note 14) 1,224 353 c. Current income tax liabilities The breakdown of current income tax liabilities is as follows: 2021 2022 The Company: Article 25 - Installment of corporate income tax 211 190 Article 29 - Corporate income tax 455 575 Subsidiaries: Article 25 - Installment of corporate income tax 24 260 Article 29 - Corporate income tax 919 1,782 Total 1,609 2,807 d. Other tax liabilities The breakdown of other tax liabilities is as follows: 2021 2022 The Company: Income taxes Article 4(2) - Final tax 53 50 Article 21 - Individual income tax 97 79 Article 22 - Withholding tax on goods delivery and imports 8 7 Article 23 - Withholding tax on services 47 48 Article 26 - Withholding tax on non-resident income 3 5 VAT 505 244 VAT - Tax collector 409 286 Sub-total 1,122 719 Subsidiaries: Income taxes Article 4(2) - Final tax 214 287 Article 21 - Individual income tax 151 206 Article 22 - Withholding tax on goods delivery and imports 3 5 Article 23 - Withholding tax on services 65 68 Article 26 - Withholding tax on non-resident income 14 262 VAT 745 493 VAT - Tax collector — 525 Sub-total 1,192 1,846 Total 2,314 2,565 e. The components of consolidated income tax expense (benefit) are as follows: 2020 2021 2022 Current The Company 1,976 2,236 2,134 Subsidiaries 7,822 7,320 7,125 Sub-total 9,798 9,556 9,259 Deferred The Company 8 (614) (102) Subsidiaries (549) 698 (447) Sub-total (541) 84 (549) Net income tax expense 9,257 9,640 8,710 f. Reconciliation of income tax expense The details of the net income tax expense for the years ended December 31, 2020, 2021 and 2022 are as follows: 2020 2021 2022 Estimated taxable income of the Company 10,140 11,593 11,039 Corporate Income Tax: Current corporate income tax expense: The Company 1,927 2,202 2,098 Subsidiaries 7,819 7,318 7,125 Current income tax expense of previous year: The Company 1 — — Final tax expense The Company 48 34 36 Subsidiaries 3 2 — Total income tax expense - current 9,798 9,556 9,259 Income tax expense (benefit) - deferred effect of temporary differences at enacted maximum tax rates The Company Net periodic pension and other post-employment benefits costs 179 (134) 25 Contract Cost (45) (17) (24) Leases (3) (1) (1) Realization of accrual of expenses and inventory write-off (provision for inventory obsolescence) 3 — (13) Amortization of (addition to) deferred installation fee (28) (64) (20) Allowance for expected credit losses (48) (71) 10 Provision for employee benefits (48) (111) 96 Valuation of long-term investment (11) — — Amortization of intangible assets, land rights and others (4) 1 (1) Depreciation and gain on disposal or sale of property and equipment 13 (217) (174) Net 8 (614) (102) Telkomsel Fair value measurement of other financial instruments — 549 (542) Leases 29 (84) 58 Allowance for expected credit losses (384) 103 35 Amortization of license (27) 28 (6) Net-periodic post-retirement health care benefit costs 0 — — Provision for employee benefits 84 (128) (33) Contract liabilities 9 (9) — Contract cost (27) 27 — Other financial instruments 65 1 234 Depreciation and gain on disposal or sale of property and equipment (324) 100 (178) Net (575) 587 (432) Subsidiaries - other - net 26 111 (15) Net income tax benefit - deferred (541) 84 (549) Income tax expense - net 9,257 9,640 8,710 The reconciliation between the income tax expense calculated by applying the applicable tax rate of 19% to the profit before income tax less income subject to final tax, and the net income tax expense as shown in the consolidated statements of profit or loss and other comprehensive income is as follows: 2020 2021 2022 Profit before income tax consolidation 39,147 43,739 36,430 Less consolidated income subject to final tax - net (1,675) (2,378) (5,807) 37,472 41,361 30,623 Income tax expense calculated at the Company’s applicable statutory tax rate 7,120 7,859 5,818 Difference in applicable statutory tax rate for subsidiaries 898 1,067 699 Non-deductible expenses 370 (24) 1,994 Final income tax expense 51 36 36 Deferred tax adjustment 210 (230) (508) Unrecognized deferred tax 201 17 (61) Others 407 915 732 Net income tax expense 9,257 9,640 8,710 In October 2021, the Government issued Law No. 7/2021 concerning Harmonization of Tax Regulations. In paragraph (1) letter b Article 17 Chapter III Income Tax Law no. 7/2021 stipulates that the tax rate applied to Taxable Income for domestic corporate taxpayers and permanent establishments is 22%, which comes into force in the 2022 tax year, and for corporate taxpayers in the form of a limited liability company with a total number of paid-up shares is traded on a stock exchange in Indonesia of at least 40% and meeting certain requirements can receive 3% tax rate lower than the expected rate. The Company applied the tax rate of 19% for the years ended December 31, 2020, 2021 and 2022. The subsidiaries applied the tax rate of 22% for the years ended December 31, 2020, 2021 and 2022. The Company will submit the above taxable income and current income tax expense computation in its Annual Tax Return for fiscal year 2022 that will be reported to the Tax Office based on prevailing regulations. g. Tax assessments (i) The Company Income tax and VAT fiscal year 2015 On April 25, 2017, the Tax Authorities issued Tax Overpayment Assessment Letter (“SKPLB”) for corporate income tax amounting to Rp147 billion, and SKPKBs for underpayment of VAT amounting to Rp13 billion (including penalty of Rp4.1 billion), underpayment of VAT on tax collected amounting to Rp6 billion (including penalty of Rp1.5 billion), underpayment of self-assessed offshore VAT amounting to Rp55.3 billion (including penalty of Rp16.8 billion). The Company also received STP for VAT amounting to Rp34 billion, VAT on tax collected amounting to Rp7 billion, and self-assessed offshore VAT amounting to Rp8 billion. The Company accepted tax audit decision amounting to Rp17 billion for corporate income tax, to transfer deductible temporary differences related to provision for incentives to fixed wireless (Flexi) subscribers’ migration amounting to Rp42 billion from Annual Tax Return of corporate income tax fiscal year 2015 to Annual Tax Return of corporate income tax fiscal year 2016. The Company also accepted underpayment of VAT, underpayment of VAT on tax collected, and STP for VAT on tax collected amounting to Rp26 billion. The accepted portion was charged to the 2017 consolidated statements of profit or loss and other comprehensive income. On July 24, 2017, the Company filed Objection Letter to the Tax Authorities for corporate income tax amounting to Rp210.5 billion and self-assessed offshore VAT amounting to Rp55.3 billion. On May 3 and 22, 2018, the Tax Authorities issued decision letter on Company’s objections for SKPLB of self-assessed offshore VAT amounting to Rp54.6 billion, wherein Tax Authorities reduced the Company's underpayment and granted all the Company’s objection. The Company agreed with the Tax Authorities decision regarding SKPLB of self-assessed offshore VAT amounting to Rp793 million and charged in the 2018 consolidated statements of profit or loss and other comprehensive income. On July 18, 2018, the Tax Authorities issued Decision Letter on Company’s objections for SKPLB of corporate income tax, wherein the Tax Authorities has granted the several Company’s objection and additional amount of overpayment which should be received amounting to Rp76 billion. On October 10, 2018, the Company filed an appeal. On July 8, 2020, the Company received appeal decision from the Tax Court regarding corporate income tax dispute for fiscal year 2015. The Tax Court partially approved the appeal filed by the Company. On September 9, 2020, the Company received tax refund of additional overpayment of corporate income tax amounting to Rp90.9 billion. On October 26, 2020, the Company received notification letter from Tax Court that Tax Authorities filed a judicial review of corporate income tax dispute for fiscal year 2015. On December 2, 2020, the Company filed a contra memorandum for judicial review as response of Tax Authorities judicial review. As of the date of approval and authorization for the issuance of these consolidated financial statements, the Company did not received verdict from the Supreme Court. In accordance with taxation law, for all withholding income tax and VAT except for corporate income tax has passed tax assessment period, therefore all tax liabilities for fiscal year 2015 considered final and has permanent legal force. The entire file of the Judicial Review Memorandum submitted by the Judicial Review Applicant (DGT) and the Judicial Review Counter Memorandum file sent by the Respondent (Telkom) have been forwarded by the Secretariat of the Tax Court to the Supreme Court on December 13, 2022, with a letter of introduction number PKMA-1594/XII/ PAN.Wk/2022. As of the date of the financial statement, the Company did not receive any decision from Supreme Court. As of the issuance date of these financial statements, the Company still has not received the Supreme Court decision on the DGT’s request for review. Thus, all tax obligations for 2015 other than the type of corporate income tax can be considered final and have permanent legal force because at the time of issuance of these consolidated financial statements, the 2015 tax obligations have passed the expiration date for tax determination as stipulated in the tax laws and regulations. Income tax and VAT fiscal year 201 8 On December 16, 2020, the Company received Tax Assessment Letter (“SKP”) and STP as result of 2018 tax audit. The DGT issued SKPLB of corporate income tax amounting to Rp101.5 billion, SKPLB of withholding tax article 21 amounting to Rp1.9 billion (include penalty Rp573.9 million), SKPLB of withholding tax article 23 amounting to Rp4 million (include penalty Rp1.2 million) and SKPLB of VAT for fiscal period January to August and October to December amounting to Rp85.3 billion). Furthermore, the DGT issued SKPKB of VAT for fiscal period September amounting to Rp240.5 billion (include penalty Rp59.5 billion), SKPKB of VAT WAPU amounting to Rp15.17 billion (include penalty Rp4.6 billion) and STP of VAT WAPU amounting to Rp1.2 billion. The Company agreed to receive tax audit correction of corporate income tax amounting Rp1.1 billion, underpayment of withholding tax article 21 amounting to Rp1.9 billion, underpayment of withholding tax article 23 amounting to Rp4 million, VAT tax credit amounting to Rp4.8 billion, STP of VAT WAPU amounting Rp1.2 billion and underpayment of VAT WAPU amounting to Rp15.17 billion. These corrections that have been approved have been charged to the 2020 profit or loss income statement. The company did not agree with the tax auditor’s correction in imposing VAT on the transfer of the space segment component of assets under construction (“ADK”) transaction of the Merah Putih Satellite to Telkomsat. In March 2021, the Company had submitted a tax objection letter to the Tax Authorities regarding the correction of the tax auditor. On March 4, 2022, the objection submitted by the Company was granted through the Decree of the Director General of Taxes number KEP- 00253/KEB/PJ/WPJ.19/2022. On April 8, 2022, the Company has received a refund of Rp.270.4 billion according to the Decree. Thus, for all types of taxes in 2018 the Company has received all decisions that are final and have permanent legal force. VAT fiscal year 2019 On May 12, 2022, the Company received a notice of field audit for overpayment of domestic VAT for period January to December 2019. On November 30, 2022, the Company received SKPKB and STP WAPU VAT for the period January to December 2019 amounting to Rp6.3 billion (including a fine of Rp3.1 billion) and domestic VAT SKPLB for January to December 2019 amounting to Rp 60.8 billion. The company agrees to accept the auditor's tax correction and has charged fines and audit corrections to the 2022 income statement. Thus, for the 2019 VAT tax type, the Company has received a decision that is final and has permanent legal force. VAT fiscal year 2020 On September 1, 2022, the Company received a notice of field audit for overpayment of domestic VAT for period May 2020. As at the authorization date of these consolidated financial statements, the tax audit process is still ongoing. (ii) Telkomsel Income tax and VAT fiscal year 2014 On May 31, 2019, Telkomsel received the SKPKB and STP for the fiscal year 2014 amounting to Rp150.6 billion (including penalty of Rp54.6 billion). Telkomsel accepted and paid the portion of Rp16.5 billion on June 27, 2019 and recorded it as other expense. On August 20, 2019, Telkomsel has paid amounting to Rp99.1 billion and recorded it as claim for tax refund. Subsequently, on August 23, 2019, Telkomsel filed an objection to the Tax Authorities amounting to Rp134.1 billion. On July 15 and July 22, 2020, Telkomsel received objection decision letter from Tax Authorities which accepted Rp27.2 billion and rejected Rp106.8 billion. On August 27, 2020, Telkomsel received partially the tax refund of Rp27.2 billion. On September 28, 2020, Telkomsel filed an appeal to the Tax Court for the 2014 corporate income tax, withholding tax, and VAT. In April and May 2022, Telkomsel received the Tax Court’s Verdict for the 2014 underpayment of withholding tax and VAT which fully accepted Telkomsel’s appeal amounting to Rp13.7 billion and Rp52.3 billion, respectively. Telkomsel received the tax refund in May and June 2022, and charged the rejected portion of Rp3.6 billion as expense in 2022 consolidated statements of profit or loss. In August 2022, Telkomsel received notifications that the Tax Authorities had filed judicial reviews to the Supreme Court for the 2014 VAT amounting to Rp8 billion. Telkomsel had submitted its contra memorandums for judicial review in September 2022. As of the date of approval and authorization for issuance of these financial statements, the results of appeal for corporate income tax and judicial review for VAT have not yet been received. Income tax and VAT fiscal year 2015 In August 2019, Telkomsel received the SKPKB and STP for corporate income tax, VAT and withholding tax for fiscal year 2015 amounting to Rp384.8 billion (including penalty of Rp54.6 billion). Telkomsel accepted the portion of Rp34.6 billion, which was paid and charged as expense to the 2019 consolidated financial statements of profit or loss. Telkomsel also paid for the remaining amount of underpayment and recorded it as claim for tax refund. In September 2019, Telkomsel filed an objection to the Tax Authorities amounting to Rp350.2 billion. In July 2020, Telkomsel received objection decision letter from Tax Authorities that rejected all Telkomsel’s objection. On September 28, 2020, Telkomsel filed an appeal to the Tax Court for the 2015 corporate income tax, withholding tax, and VAT. In April and May 2022, Telkomsel received the Tax Court’s Verdict for the 2015 underpayment of withholding tax and VAT which partially accepted Telkomsel’s appeal amounting to Rp52.9 billion. Telkomsel received the tax refund in April and May 2022 and charged the rejected portion of Rp3 billion as expense in 2022 consolidated financial statements of profit or loss. In August 2022, Telkomsel received notifications that the Tax Authorities had filed judicial reviews to the Supreme Court for the 2015 VAT amounting to Rp23.7 billion. Telkomsel had submitted its contra memorandums for judicial review in September 2022. As of the date of approval and authorization for issuance of these financial statements, the results of appeal for corporate income tax and judicial review for VAT have not yet been decided. Income tax and VAT fiscal year 2018 In September 2022, Telkomsel received SKPKB and STP for the 2018 corporate income tax, VAT on taxable goods and withholding tax article 26 amounting to Rp159.8 billion (including penalty of Rp48.6 billion) in total. At the same time, Telkomsel also received tax assessment letters for 2018 VAT on taxable services confirming tax overpayments amounting to Rp40 billion. On October 14, 2022, Telkomsel paid and accepted a portion of the CIT tax assessment of Rp164.79 million, and charged it as expense in the 2022 consolidated statements of profit or loss. Telkomsel also paid the remaining amount of tax assessment for CIT and VAT amounting to Rp57.03 billion, after netting-off with overpayment of Rp40.05 billion. Telkomsel recorded it as claim for tax refund in the consolidated statements of financial position. On December 13, 2022, Telkomsel filed an objection to the Tax Authorities amounting to Rp119.54 billion for CIT, VAT and WHT. As at the authorization date of these consolidated financial statements, the results of objection have not yet been received. h. Deferred tax assets and liabilities The details of the Group's deferred tax assets and liabilities are as follows: Deferred tax asset and liabilities (Charged) credited to in financial position profit or loss 2021 2022 2021 2022 The Company Allowance for expected credit losses 895 885 71 (10) Net periodic pension and other post-employment benefit costs 1,110 981 134 (25) Difference between accounting and tax bases of property and equipment 631 805 217 174 Provision for employee benefits 389 293 111 (96) Deferred installation fee 184 204 64 20 Land rights, intangible assets and others 22 23 (1) 1 Accrued expenses and provision for inventory obsolescence 72 85 — 13 Leases (4) (3) 1 1 Capitalization of contract cost (72) (48) 17 24 Total deferred tax assets 3,227 3,225 614 102 Telkomsel Provision for employee benefits 1,228 1,220 128 33 Allowance for expected credit losses 179 144 (103) (35) Other financial instruments 384 177 9 (207) Fair value measurement of financial instruments (549) (7) (549) 542 Difference between accounting and tax bases of property and equipment (333) (155) (100) 178 Leases (725) (774) 84 (58) License amortization (152) (146) (28) 6 Other financial instruments (65) (92) (27) (27) Deferred tax assets (liabilities) of Telkomsel - net (33) 367 (586) 432 Deferred tax assets of the other subsidiaries - net 597 777 146 171 Deferred tax liabilities of the other subsidiaries - net (825) (1,023) (258) (156) Deferred tax expense (income) (84) 549 Total deferred tax assets - net 3,824 4,369 Total deferred tax liabilities - net (858) (1,023) As of December 31, 2020, 2021 and 2022, the aggregate amounts of temporary differences associated with investments in subsidiaries and associated companies, for which deferred tax liabilities have not been recognized were Rp32,132 billion, Rp25,480 billion and Rp23,652 billion, respectively. Realization of the deferred tax assets is dependent upon the Group’s capability in generating future profitable operations. Although realization is not assured, the Group believes that it is probable that these deferred tax assets will be realized through reduction of future taxable income when temporary differences reverse. The amount of deferred tax assets is considered realizable; however, it can be reduced if actual future taxable income is lower than estimates. i. Administration In October 2021, the Government also issued Law No.7/2021 on the Harmonization of Tax Regulations, which, among other things, regulates the rates of income tax and VAT. Starting January 1, 2022, the Group applies the income tax rate on employee taxable income in accordance with paragraph (1) letter a of Article 17 Chapter III, and starting April 1 2022 the VAT rate changes to 11%. The company ensures the readiness of the surrounding billing system, administrative and legal aspects of transactions, and builds intensive coordination between units. concerned to prepare for the implementation of these rules. In February 2022, the Government issued Government Regulation No. 9/2022 concerning the Second Amendment to Government Regulation No. 51/2008 concerning Income Tax on Income from Construction Services Business. The company ensures administrative and legal aspects of transactions and builds solid coordination between related units to prepare for the application of the income tax rate rule for construction service businesses as stipulated in article 3 paragraph (1) of the regulation. In December 2022, the Government issued Government Regulation No. 55/2022 concerning adjustments to regulations in the field of income tax. The provision of compensation in kind and/or benefits since the 2022 tax year is a tax object for the recipient, and for the Company it can be financed fiscally as long as it is a cost to earn, collect and maintain income (3M). The obligation to withhold income tax for the provision of in-kind and/or benefits is enforced starting January 1, 2023. In this regard, the Company needs to immediately identify the provision of employee benefits in kind and/or enjoyment in accordance with what has been agreed by the Company to employees/employee unions. Next is determining the tax treatment, both in Corporate Income Tax and Article 21 Income Tax. Employees then prepare or adjust the income tax withholding system so that they can carry out appropriate and valid withholding obligations. |
PENSION AND OTHER POST-EMPLOYME
PENSION AND OTHER POST-EMPLOYMENT BENEFITS | 12 Months Ended |
Dec. 31, 2022 | |
PENSION AND OTHER POST-EMPLOYMENT BENEFITS | |
PENSION AND OTHER POST-EMPLOYMENT BENEFITS | 29. PENSION AND OTHER POST-EMPLOYMENT BENEFITS The details of pension and other post-employment benefit liabilities are as follows: Notes 2021 2022 Pension benefit and other post-employment benefit obligations Pension benefit The Company - funded 29a.i.a Defined pension benefit obligation 29a.i.a.i 4,891 4,234 Additional pension benefit obligation 29a.i.a.ii — 44 The Company - unfunded 29a.i.b 613 522 Telkomsel 29a.ii 4,188 4,275 Others 3 — Projected pension benefit obligations 9,695 9,075 Net periodic post-employment health care benefit 29b 638 — Other post-employment benefit 29c 300 268 Long service employee benefit 29d 4 1 Obligation under the Labor Law 29e 926 928 Total 11,563 10,272 The details of net pension benefit expense recognized in the consolidated statements of profit or loss and other comprehensive income is as follows: Notes 2020 2021 2022 Pension benefit cost The Company - funded 29a.i.a Defined pension benefit obligation 29a.i.a.i 545 732 577 Additional pension benefit obligation 29a.i.a.ii — — 37 The Company - unfunded 29a.i.b 117 74 58 Telkomsel 29a.ii 142 331 596 Total periodic pension benefit cost 804 1,137 1,268 Net periodic post-employment health care benefit cost 25,29b 253 263 213 Other post-employment benefit cost 25,29c 81 23 25 Long service employee benefit cost 25,29d 53 3 1 Obligation under the Labor Law 25,29e 258 254 78 Total 1,449 1,680 1,585 The amounts recognized in OCI are as follows: Notes 2020 2021 2022 Defined benefit plan actuarial gain (loss) The Company - funded 29a.i.a Defined pension benefit obligation 29a.i.a.i (2,942) 1,123 467 Additional pension benefit obligation 29a.i.a.ii — 0 (7) The Company - unfunded 29a.i.b 89 82 55 Telkomsel 29a.ii (1,554) (110) 218 Others 0 (3) 1 Post-employment health care benefit cost 29b (158) 1,032 851 Other post-employment benefit 29c (15) 2 14 Obligation under the Labor Law 29e 125 42 13 Sub-total (4,455) 2,168 1,612 Deferred tax effect at the applicable tax rates 28h 859 (213) (148) Defined benefit plan acturial gain (loss) - net of tax (3,596) 1,955 1,464 The following table presents the changes in projected pension benefit obligations, changes in pension benefit plan assets, funded status of the pension plan, and net amount recognized in the consolidated statements of financial position as of December 31, 2021 and 2022, under the defined benefit pension plan: Funded Post-employment Defined pension benefit obligation health care benefit The Company Telkomsel The Company Projected Projected Projected post-employment Post-employment pension Pension pension Pension health care health care benefit benefit benefit benefit benefit benefit obligations plan assets obligations plan assets obligation plan assets Total Balance, January 1, 2021 25,103 (19,546) 4,651 (799) 14,443 (13,036) 10,816 Service costs 269 — 84 — — — 353 Interest costs (income) 1,577 (1,223) 299 (52) 955 (860) 696 Plan administration cost — 60 — — — 168 228 Additional welfare benefits 80 — — — — — 80 Cost recognized in the consolidated statement of profit or loss 1,926 (1,163) 383 (52) 955 (692) 1,357 Actuarial (gain) loss on: Experience adjustments (340) — 324 — (105) — (121) Changes in demographic assumptions (1,122) — — — — — (1,122) Changes in financial assumptions — — (233) — (1,289) — (1,522) Return on plan assets (excluding amount included in net interest expense) — 339 — 19 — 362 720 Cost recognized in OCI (1,462) 339 91 19 (1,394) 362 (2,045) Employer’s contributions — (226) — — — — (226) Pension plan participants’ contributions 21 (21) — — — — — Benefits paid from plan assets (1,670) 1,670 — — (588) 588 — Benefits paid by employer (80) — (105) — — — (185) Balance, December 31, 2021 23,838 (18,947) 5,020 (832) 13,416 (12,778) 9,717 Projected pension benefit obligation at end of year 4,891 4,188 638 9,717 The following table presents the changes in projected pension benefit obligations, changes in pension benefit plan assets, funded status of the pension plan, and net amount recognized in the consolidated statements of financial position as of December 31, 2021 and 2022, under the defined benefit pension plan (continued): Funded Post-employment Defined pension benefit obligation health care benefit The Company Telkomsel The Company Projected Projected Projected post-employment Post-employment pension Pension pension Pension health care health care benefit benefit benefit benefit benefit benefit obligations plan assets obligations plan assets obligation plan assets Total Balance, January 1, 2022 23,838 (18,947) 5,020 (832) 13,416 (12,778) 9,717 Service costs 178 — 326 — — — 504 Interest costs (income) 1,635 (1,347) 328 (58) 982 (933) 607 Plan administration cost — 63 — — — 164 227 Additional welfare benefits 65 — — — — — 65 Cost recognized in the consolidated statement of profit or loss 1,878 (1,284) 654 (58) 982 (769) 1,403 Actuarial (gain) loss on: Experience adjustments (737) — (1) — (730) — (1,468) Changes in demographic assumptions — — (1) — — — (1) Changes in financial assumptions (30) — (67) — (136) — (233) Return on plan assets (excluding amount included in net interest expense) — 300 (186) 37 — (69) 82 Changes in asset ceiling — — — — — 84 84 Cost recognized in OCI (767) 300 (255) 37 (866) 15 (1,536) Employer’s contributions — (719) — — — — (719) Pension plan participants’ contributions 19 (19) — — — — — Benefits paid from plan assets (1,767) 1,767 (291) — — — (291) Benefits paid by employer (65) — — — (654) 654 (65) Balance, December 31, 2022 23,136 (18,902) 5,128 (853) 12,878 (12,878) 8,509 Projected pension benefit obligation at end of year 4,234 4,275 — 8,509 The following table presents the changes in projected pension benefit obligations, changes in pension benefit plan assets, funded status of the pension plan, and net amount recognized in the consolidated statements of financial position as of December 31, 2020, 2021 and 2022, under the defined benefit pension plan: The Company The Company and its subsidiaries Other Additional post-employment Long service Obligations pension benefit benefit employee under Unfunded obligations obligations benefit the labor law Total Balance, January 1, 2020 1,479 — 366 — 690 2,535 Service costs 28 — 4 53 258 343 Interest costs 89 — 19 — — 108 Pas service cost — — 58 — — 58 Cost recognized in the consolidated statement of profit or loss 117 — 81 53 258 509 Fair value of pension plan assets at beginning of year — — — — — — Changes in asset ceiling — — — — — — Actuarial (gain) loss recognized in OCI (89) — 15 (52) 125 (1) Benefits paid by employer (545) — (95) — (296) (936) Balance, December 31, 2020 962 — 367 1 777 2,107 The following table presents the changes in projected pension benefit obligations, changes in pension benefit plan assets, funded status of the pension plan, and net amount recognized in the consolidated statements of financial position as of December 31, 2020, 2021 and 2022, under the defined benefit pension plan (continued): The Company The Company and its subsidiaries Other Additional post-employment Long service Obligations pension benefit benefit employee under Unfunded obligations obligations benefit the labor law Total Balance, January 1, 2021 962 — 367 1 777 2,107 Service costs 25 — 7 3 254 289 Interest costs 49 — 16 — — 65 Cost recognized in the consolidated statement of profit or loss 74 — 23 3 254 354 Fair value of pension plan assets at beginning of year — 6 — — — 6 Changes in asset ceiling — (6) — — — (6) Actuarial gain recognized in OCI (82) — (2) — (42) (126) Benefits paid by employer (341) — (88) — (63) (492) Balance, December 31, 2021 613 — 300 4 926 1,843 The Company The Company and its subsidiaries Other Additional post-employment Long service Obligations pension benefit benefit employee under Unfunded obligations obligations benefit the labor law Total Balance, January 1, 2022 613 — 300 4 926 1,843 Service costs 24 37 8 1 78 148 Interest costs 34 — 17 — — 51 Cost recognized in the consolidated statement of profit or loss 58 37 25 1 78 199 Actuarial (gain) loss recognized in OCI (55) 7 (14) — (13) (75) Benefits paid by employer (94) — (43) (4) (63) (204) Balance, December 31, 2022 522 44 268 1 928 1,763 a. Pension benefit cost i. The Company (a) Funded pension plan (i) Defined pension benefit obligation The Company sponsors a defined benefit pension plan for employees with permanent status prior to July 1, 2002. The plan is governed by the pension laws in Indonesia and managed by Telkom Pension Fund (“ Dana Pensiun Telkom The pension benefits are paid based on the participating employees’ latest basic salary at retirement and the number of years of their service. The participating employees contribute 18% (before March 2003: 8.4%) of their basic salaries to the pension fund. The Company made contributions to the pension fund amounted to Rp226 billion and Rp719 billion, for the years ended December 31, 2021 and 2022, respectively. Risks exposed to defined benefit programs are risks such as asset volatility and changes in bond yields. The project liabilities are calculated using a discount rate that refers to the level of government bond yields, if the return on program assets is lower, it will result in a program deficit. A decrease in the yield of government bonds will increase the program liabilities, although this will be offset in part by an increase in the value of the program bonds held. The Company ensures that the investment position is set within the framework of asset-liability matching ("ALM") that has been formed to achieve long-term results that are in line with the liabilities in the defined benefit pension plan. Within the ALM framework, the Company's objective is to adjust its pension assets and liabilities by investing in a well diversified portfolio to produce an optimal rate of return, taking into account the level of risk. Investment in the program has been well diversified, so that one investment's poor performance will not have a material impact on all asset groups. As of December 31, 2021 and 2022, plan assets consist of: 2021 2022 Quoted in Quoted in active market Unquoted active market Unquoted Cash and cash equivalents 762 — 1,320 — Equity instruments*: Financials 1,571 — 1,638 — Consumer non-cyclicals 558 — 505 — Basic material 300 — 271 — Infrastructures 838 — 639 — Energy 118 — 141 — Technology 43 — 89 — Industrials* 421 — 315 — Consumer cyclicals 112 — 115 — Properties and real estate 143 — 98 — Healthcare 202 — 208 — Transportation and logistic 16 — 8 — Equity-based mutual fund 321 — 410 — Fixed income instruments: Corporate bonds — 4,558 — 3,117 Government bonds 7,736 — 7,884 — Fixed income mutual funds 161 — — 122 Midterm notes — — — 100 Asset-backed securities — — — 30 Sukuk — — — 1,090 Non-public equity: Direct placement — 355 — 368 Property — 186 — 187 Others — 545 — 247 Total 13,302 5,644 13,641 5,261 *Since January 25, 2021, the Jakarta Stock Industrial Classification (JASICA) has been officially replaced by the IDX Industrial Classification (IDX - IC) Pension plan assets include Series B shares issued by the Company with fair values totalling Rp409 billion and Rp336 billion, representing 2.16% and 1.78% of total plan assets as of December 31, 2021 and 2022, respectively, and bonds issued by the Company with fair value totalling Rp356 billion and Rp348 billion, representing 1.88% and 1.84% of total plan assets as of December 31, 2021 and 2022, respectively. The expected return is determined based on market expectation for returns over the entire life of the obligation by considering the portfolio mix of the plan assets. The actual return on plan assets was Rp822 billion and Rp984 billion for the years ended December 31, 2021 and 2022, respectively. Based on the Company’s policy issued on January 14, 2014 regarding Dapen’s Funding Policy, the Company will not contribute to Dapen when Dapen’s Funding Sufficiency Ratio ("FSR") is above 105%. Based on Dapen’s financial statement as of December 31, 2022, Dapen's FSR is below 105%. Therefore, the Company will contribute to the defined benefit pension plan in 2022. Based on the Company regulations issued on September 30, 2022, regarding the Pension Fund Regulations from the Telkom Pension Fund, the Company stipulates that retirees who quit other than because of Disciplinary Punishment, Early Retirement, and at their own request and receive Pension Benefits of less than Rp1 million per month are given increase in monthly Pension Benefits to Rp1 million. In 2021 and 2022, the Company provided employee welfare benefit to pensioners and pension beneficiaries who entered their retirement period before June 30, 2002 amounting to Rp80 billion and Rp65 billion, respectively. The actuarial valuation for the defined benefit pension plan was performed based on the measurement date as of December 31, 2020 and 2021, with reports dated April 8, 2021 and March 24, 2022, respectively, by KKA Santhi Devi and Ardianto Handoyo and, an independent actuary in association with Willis Towers Watson (“WTW”) and as of December 31, 2022 with report dated March 18, 2023 by KKA I Gde Eka Sarmaja, FSAI and Partner. The principal actuarial assumptions used by the independent actuary as of December 31, 2020, 2021 and 2022 are as follows: 2020 2021 2022 Discount rate 6.50 % 7.00 % 7.25 % Rate of compensation increases 8.00 % 8.00 % 8.00 % Indonesian mortality table 2019 2019 2019 (ii) Additional pension benefit obligation Based on the Company Regulations issued on September 30, 2022, regarding the Regulations on Pension Funds from Telkom Pension Funds, the Company organizes a Defined Contribution Other Benefit Program (“PMLIP”) in the form of Additional Benefits. PMLIP participants are entitled to receive Periodic Pension Benefits every month in accordance with the provisions in the Pension Fund Regulations. Additional Benefit Funds are sourced from Employer Additional Benefit contributions and provision for investment development proceeds if the FSR is achieved above 102% and the rate of Return On Investment (“ROI”) is above the actuarial interest rate for funding. The employer's additional benefit contribution for each PMLIP participant is set at Rp120 thousand for a 12-month contribution period which is calculated proportionally according to the amount received. The actuarial valuation for additional pension benefit was performed based on the measurement date as of December 31, 2020 and 2021, with reports dated April 8, 2021 and March 24, 2022, respectively, by KKA Santhi Devi and Ardianto Handoyo and, an independent actuary in association with WTW, and as of December 31, 2022 with report dated March 18, 2023 by KKA I Gde Eka Sarmaja, FSAI and Partner. The principal actuarial assumptions used by the independent actuary as of December 31, 2020, 2021 and 2022 are as follows: 2020 2021 2022 Discount rate 8.00 % 7.00 % 7.25 % Indonesian mortality table 2019 2019 2019 Additional pension benefit obligation have been set aside since 2018 according to the approval by the Oversight Board. As of December 31, 2022, the additional pension benefit obligation have been fully paid to the pension recipients and no additional obligations have been set aside because the requirements for recognizing additional benefits as mentioned above have not been fulfilled. (b) Unfunded pension plan The Company sponsors unfunded defined benefit pension plans and a defined contribution pension plan for its employees. The defined contribution pension plan is provided to employees with permanent status hired on or after July 1, 2002. The plan is managed by Financial Institutions Pension Fund ( Dana Pensiun Lembaga Keuangan Since 2007, the Company has provided pension benefit based on uniformization for both participants prior to and from April 20, 1992 effective for employees retiring beginning February 1, 2009. In 2010, the Company replaced the uniformization with Manfaat Pensiun Sekaligus The Company also provides benefits to employees during a pre-retirement period in which they are inactive for 6 months prior to their normal retirement age of 56 years, known as pre-retirement benefits ( Masa Persiapan Pensiun The actuarial valuation for the defined benefit pension plan was performed based on the measurement date as of December 31, 2020 and 2021, with reports dated April 8, 2021 and March 24, 2022, respectively, by KKA Santhi Devi and Ardianto Handoyo and, an independent actuary in association with WTW, and as of December 31, 2022 with report dated March 8, 2023 by KKA I Gde Eka Sarmaja, FSAI and Partner. The principal actuarial assumptions used by the independent actuary as of December 31, 2020, 2021 and 2022 are as follows: 2020 2021 2022 Discount rate 5.25% - 6.50% 5.75% - 7.00% 7.00% - 7.25% Rate of compensation increases 6.10% - 8.00% 6.10% - 8.00% 6.10% - 8.00% Indonesian mortality table 2019 2019 2019 ii. Telkomsel Telkomsel provides a defined benefit pension plan to its employees. Under this plan, employees are entitled to pension benefits determined based on their latest basic salary or take-home pay (exclusive of functional allowances) and number of service years. The plan is managed by PT Asuransi Jiwasraya (Persero) (“Jiwasraya”), a state-owned life insurance company, through an annuity insurance contract. Until 2004, employees contributed 5% of their monthly salaries to the plan, while Telkomsel contributed the remaining part required under the plan. Beginning in 2005, Telkomsel has been taking the responsibility for the full amount of the contributions. On April 23, 2021, Telkomsel and Jiwasraya agreed to terminate the insurance program contract (as mentioned above) and entered into restructuring agreement. The agreement replaced the benefit plan from annuities to lumpsum benefit. Based on this agreement, both parties agreed to determine the Cash Value ("CV”) at the termination date which divided into CV for active participant and passive participant amounting to Rp857 billion and Rp73 billion, respectively. There was a 5% cut from CV for active participant, hence the 95% of Rp857 billion (or equal to Rp814 billion) plus Rp73 billion will be the amount that subsequently taken over by IFG Life when the agreement with IFG Life become effective and accordingly, the restructuring agreement will be terminated. On December 31, 2022, the CV of active participant amounted to Rp853 billion. The actuarial valuation for the defined benefit pension plan was performed based on the measurement date as of December 31, 2020 and 2021 with reports dated, March 3, 2021 and March 24, 2022, respectively, by KKA Santhi Devi and Ardianto Handoyo, an independent actuary in association with WTW, and as of December 31, 2022 with report dated February 28, 2023 by KKA Halim and Partner, an independent actuary in association with Milliman. The principal actuarial assumptions used by the independent actuary as of December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 Discount rate 6.50 % 7.00 % 7.15 % Rate of compensation increases 8.00 % 8.00 % 8.00 % Indonesian mortality table 2019 2019 2019 b. Post-employment health care benefit cost The Company provides post-employment health care benefits to all of its employees hired before November 1, 1995 who have worked for the Company for 20 years or more when they retire, and to their eligible dependents. The requirement to work for 20 years does not apply to employees who retired prior to June 3, 1995. The employees hired by the Company starting from November 1, 1995 are no longer entitled to this plan. The plan is managed by Yayasan Kesehatan Telkom The defined contribution post-employment health care benefit plan is provided to employees with permanent status hired on or after November 1, 1995 or employees with terms of service less than 20 years at the time of retirement. The Company did not make contributions to Yakes Telkom for the years ended December 31, 2021 and 2022. As of December 31, 2021 and 2022, plan assets consist of: 2021 2022 Quoted in Quoted in active market Unquoted active market Unquoted Cash and cash equivalents 527 — 1,085 — Equity instruments*: Financials 1,254 — 1,368 — Consumer non-cyclicals 100 — 114 — Basic material 256 — 264 — Infrastructures 574 — 598 — Energy 171 — 221 — Technology 24 — 63 — Industrials 274 — 185 — Consumer cyclicals 483 — 457 — Properties and real estate 93 — 95 — Healthcare 232 — 233 — Transportation and logistic 5 — 3 — Equity-based mutual funds 569 — 1,035 — Fixed income instruments: Government obligations — — 82 — Fixed income mutual funds 7,858 — 6,761 — Unlisted shares: Private placement — 358 — 398 Total 12,420 358 12,564 398 *Since January 25, 2021, the Jakarta Stock Industrial Classification (JASICA) has been officially replaced by the IDX Industrial Classification (IDX - IC) Yakes Telkom plan assets also include Series B shares issued by the Company with fair value totaling Rp229 billion and Rp228 billion, representing 1.79% and 1.76% of total plan assets as of December 31, 2021 and 2022, respectively. The expected return is determined based on market expectation for the returns over the entire life of the obligation by considering the portfolio mix of the plan assets. The actual return on plan assets was Rp329 billion and Rp839 billion for the years ended December 31, 2021 and 2022, respectively. The actuarial valuation for post-employment health care benefit was performed based on the measurement date as of December 31, 2020 and 2021, with reports dated April 8, 2021 and March 24, 2022, respectively, by KKA Santhi Devi and Ardianto Handoyo and, an independent actuary in association with WTW, and as of December 31, 2022 with report dated March 8, 2023 by KKA I Gde Eka Sarmaja, FSAI and Partner. The principal actuarial assumptions used by the independent actuary as of December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 Discount rate 6.75 % 7.50 % 7.25 % Health care costs trend rate assumed for next year 7.00 % 7.00 % 7.00 % Ultimate health care costs trend rate 7.00 % 7.00 % 7.00 % Year that the rate reaches the ultimate trend rate 2020 2021 2022 Indonesian mortality table 2019 2019 2019 c. Other post-employment benefits cost The Company provides other post-employment benefits in the form of cash paid to employees on their retirement or termination. These benefits consist of final housing allowance ( Biaya Fasilitas Perumahan Terakhir Biaya Perjalanan Pensiun dan Purnabhakti Meninggal Dunia The actuarial valuation for other post-employment benefit was performed based on the measurement date as of December 31, 2020 and 2021, with reports dated April 8, 2021 and March 24, 2022, respectively, by KKA Santhi Devi and Ardianto Handoyo and, an independent actuary in association with WTW, and as of December 31, 2022 with report dated March 8, 2023 by KKA I Gde Eka Sarmaja, FSAI and Partner. The principal actuarial assumptions used by the independent actuary as of December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 Discount rate 5.00 % 6.25 % 6.75 % Indonesian mortality table 2019 2019 2019 d. Long service employee benefit The Company provides long service employee benefit to employee hired before July 1, 2002 and have a service period of more than 30 years and retired after September 19, 2019. Total obligation recognized as of December 31, 2021 and 2022 amounted to Rp4 billion and Rp1 billion, respectively. The related long service employee benefits cost charged to expense amounted to Rp3 billion and Rp1 billion for the years ended December 31, 2021 and 2022, respectively. e. Obligation under the Labor Law Under Law No. 11 Year 2020, the Group is required to provide minimum pension benefits, if not covered yet by the sponsored pension plans, to its employees upon retirement. Total obligation recognized as of December 31, 2021 and 2022 amounted to Rp926 billion and Rp928 billion, respectively. The related pension employee benefits cost charged to expense amounted to Rp258 billion, Rp254 billion, and Rp78 billion for the years ended December 31, 2020, 2021 and 2022, respectively (Note 25). The actuarial (gain) losses recognized in OCI amounted to Rp(125) billion, Rp(42) billion and Rp13 billion for the years ended December 31, 2020, 2021 and 2022, respectively. f. Maturity Profile of Defined Benefit Obligation (“DBO”) The timing of benefits payments and weighted average duration of DBO for 2021 and 2022 are as follow: Expected Benefits Payment The Company Funded Post-employment Other post- Post-employment Defined pension Additional pension health care employment benefits Time Period benefit obligation benefit obligation Unfunded Telkomsel benefits benefits UUCK (Telkom) 2021 Within next 10 years 20,809 — 691 4,224 5,959 357 15 Within 10-20 years 23,096 — 92 10,849 6,697 121 14 Within 20-30 years 21,308 — 85 8,385 5,117 92 1 Within 30-40 years 16,537 — 17 901 2,025 5 — Within 40-50 years 3,965 — — — 259 — — Within 50-60 years 2,803 — — — 1 — — Within 60-70 years 16 — — — — — — Within 70-80 years — — — — — — — Weighted average duration of DBO 10.50 years 10.50 years 5.75 years 10.30 years 14.13 years 4.88 years 7.41 years 2022 Within next 10 years 21,232 40 705 5,111 8,092 324 59 Within 10-20 years 16,485 31 229 11,178 12,746 123 414 Within 20-30 years 10,414 18 430 7,827 12,019 83 497 Within 30-40 years 4,209 6 96 473 5,491 6 80 Within 40-50 years 882 1 — — 970 — — Within 50-60 years 77 — — — 59 — — Within 60-70 years 2 — — — 6 — — Within 70-80 years — — — — 1 — — Weighted average duration of DBO 8.48 years 8.48 years 5.52 years 9.45 years 12.40 years 4.62 years 11.69 years g. Sensitivity Analysis As of December 31, 2021, and 2022, 1% change in discount rate and rate of compensation would have effect on DBO, as follow: Discount Rate Rate of Compensation 1% Increase 1% Decrease 1% Increase 1% Decrease Increase (decrease) in amounts Increase (decrease) in amounts Sensitivity 2021 Funded: Defined pension benefit obligation (2,040) 2,419 1,571 (1,439) Unfunded (27) 30 33 (30) Telkomsel (434) 465 455 (429) Post-employment health care benefits (1,605) 1,964 1,985 (1,686) Other post-employment benefits (13) 14 — — Post-employment benefits UUCK (Telkom) (1) 1 6 (3) 2022 Funded: Defined pension benefit obligation (1,948) 2,291 268 255 Unfunded (24) 27 29 (27) Telkomsel (430) 491 536 (477) Post-employment health care benefits (1,413) 1,703 1,629 1,380 Other post-employment benefits (12) 13 — — Post-employment benefits UUCK (Telkom) (8) 10 27 (24) The sensitivity analysis has been determined based on a method that extrapolates the impact on DBO as a result of reasonable changes in key assumptions occurring at the end of the reporting period. The sensitivity results above determine the individual impact on the Plan’s DBO at the end of the year. In reality, the Plan is subject to multiple external experience items which may move the DBO in similar or opposite directions, and the Plan’s sensitivity to such changes can vary over time. There are no changes in the methods and assumptions used in preparing the sensitivity analysis from the previous period. |
LONG SERVICE AWARDS ("LSA") PRO
LONG SERVICE AWARDS ("LSA") PROVISIONS | 12 Months Ended |
Dec. 31, 2022 | |
LONG SERVICE AWARDS ("LSA") PROVISIONS | |
LONG SERVICE AWARDS ("LSA") PROVISIONS | 30. LONG SERVICE AWARDS ("LSA") PROVISIONS Telkomsel and Telkomsat provide certain cash awards or certain number of days leave benefits to their employees based on the employees’ length of service requirements, including LSA and Long Service Leaves ("LSL"). LSA are either paid at the time the employees reach certain years of employment, or at the time of termination. LSL are either certain number of days leave benefit or cash, subject to approval by management, provided to employees who meet the requisite number of years of service and reach a certain minimum age. The obligation with respect to these awards which was determined based on an actuarial valuation using the Projected Unit Credit method amounted to Rp1,206 billion and Rp1,031 billion as of December 31, 2021 and 2022, respectively. The related benefit costs charged to expense amounted to Rp290 billion, Rp153 billion and Rp92 billion for the years ended December 31, 2020, 2021 and 2022, respectively (Note 25). |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 12 Months Ended |
Dec. 31, 2022 | |
RELATED PARTY TRANSACTIONS | |
RELATED PARTY TRANSACTIONS | 31. RELATED PARTY TRANSACTIONS a. Nature of relationships and accounts/transactions with related parties Details of the nature of relationships and accounts/transactions with significant related parties are as follows: Related parties Nature of relationships parties Nature of accounts/ transactions The Government Ministry of Finance Majority stockholder Internet and data service revenues, other telecommunication service revenues, finance income, finance costs, and investment in financial instruments Government agencies Entities under common control Network service revenues, internet and data service revenues, other telecommunication revenues, life insurance expenses, press release expenses, customer education expenses, office building lease expenses, consultant expenses, training expenses, finance income, and purchase of property and equipments MoCI Entity under common control Concession fees, radio frequency usage charges, USO charges, telecommunication service revenues, and license expenses Indosat Entity under common control Interconnection revenues, leased lines revenues, satellite transponder usage revenues, interconnection expenses, telecommunication facilities usage expenses, operating and maintenance expenses, and usage of data communication network system expenses PT Pertamina (Persero) (“Pertamina”) Entity under common control Internet and data service revenues, and other telecommunication service revenues State-owned banks Entities under common control Finance income and finance costs Bank Mandiri Entity under common control Internet and data service revenues, other telecommunication service revenues, finance income, and finance costs BNI Entity under common control Internet and data service revenues, other telecommunication service revenues, finance income, and finance costs BRI Entity under common control Internet and data service revenues, other telecommunication service revenues, finance income, and finance costs BTN Entity under common control Internet and data service revenues, other telecommunication service revenues, and finance income PT Pegadaian (“Pegadaian”) Entity under common control Internet and data service revenues, and other telecommunication service revenues PT Kimia Farma (“Kimia Farma”) Entity under common control Internet and data service revenues, and other telecommunication service revenues PT Perkebunan Nusantara III (Persero) (“PTPN III”) Entity under common control Internet and data service revenues, and other telecommunication service revenues Related parties Nature of relationships parties Nature of accounts/ transactions PT Kereta Api Indonesia (“KAI”) Entity under common control Internet and data service revenues, and other telecommunication service revenues PT Perusahaan Listrik Negara (“PLN”) Entity under common control Internet and data service revenues, other telecommunication service revenues, and electricity expenses PT Asuransi Jasa Indonesia (“Jasindo”) Entity under common control Fixed assets insurance expenses and personal insurance expenses PT Industri Telekomunikasi Indonesia (Persero) (“INTI”) Entity under common control Purchase of property and equipments Bahana TCW Entity under common control Mutual funds Sarana Multi Infrastruktur Entity under common control Other borrowings and finance costs Omni Inovasi Indonesia Associated company Distribution of SIM cards and pulse reload voucher Finarya Associated company Marketing expenses and distribution of SIM cards and pulse reload voucher Padi UMKM Other related entity Operational and maintenance expenses, collection fees, training expenses, internal security expenses, research and development expenses, printing expenses, meeting expenses, general and other administrative expenses, promotion expenses, advertising expenses, sales fees, customer education expenses, and marketing expenses Directors Key management personnel Honorarium and facilities Commissioners Supervisory personnel Honorarium and facilities The outstanding balances of trade receivables and payables at year-end are unsecured and interest-free and the settlement occurs in cash. There have been no guarantees provided or received for any related party receivables or payables. The Group recorded an increase (decrease) in the impairment loss from trade receivables of related party amounted to Rp383 billion, Rp(152) billion, and Rp(33) billion for the years ended December 31, 2020, 2021, and 2022, respectively. Impairment assessment is undertaken each financial year by examining the current status of existing receivables and historical collection experience. b. Significant transactions with related parties The following are significant transactions with related parties: 2020 2021 2022 % of total % of total % of total Amount revenues Amount revenues Amount revenues Revenues Majority Stockholder Ministry of Finance 184 0.13 212 0.15 199 0.14 Entities under common control Government Agencies 3,423 2.51 5,598 3.91 3,029 2.06 Indosat 1,034 0.76 1,056 0.74 1,923 1.31 MoCI 628 0.46 284 0.20 791 0.54 Pertamina 406 0.30 631 0.44 752 0.51 BNI 547 0.40 404 0.28 493 0.33 Bank Mandiri 191 0.14 212 0.15 180 0.12 Pegadaian 178 0.13 148 0.10 160 0.11 PLN 107 0.08 153 0.11 158 0.11 KAI 92 0.07 84 0.06 143 0.10 PTPN III 73 0.05 99 0.07 114 0.08 Kimia Farma 122 0.09 120 0.08 107 0.07 BRI 580 0.43 341 0.24 104 0.07 Others (each below Rp100 billion) 1,197 0.87 944 0.66 744 0.51 Sub-total 8,578 6.29 10,074 7.04 8,698 5.92 Associated companies 47 0.03 16 0.01 6 0.00 Other related entities 160 0.12 33 0.02 52 0.04 Total 8,969 6.57 10,335 7.22 8,955 6.10 2020 2021 2022 % of total % of total % of total Amount expenses Amount expenses Amount expenses Expenses Entities under common control MoCI 8,347 8.94 8,570 8.64 9,965 9.82 PLN 2,859 3.06 2,349 2.37 2,473 2.44 Indosat 563 0.60 467 0.47 537 0.53 Jasindo 255 0.27 385 0.39 296 0.29 Government agencies 121 0.13 114 0.11 179 0.18 Others (each below Rp100 billion) 191 0.20 208 0.21 229 0.23 Sub-total 12,336 13.20 12,093 12.19 13,679 13.49 Associated companies Finarya 198 0.21 125 0.13 110 0.11 Others (each below Rp100 billion) 607 0.65 344 0.35 37 0.04 Sub-total 805 0.86 469 0.48 147 0.15 Other related entities PADI UMKM — — 269 0.27 626 0.62 Others (each below Rp100 billion) 136 0.14 115 0.12 98 0.10 Sub-total 136 0.14 384 0.39 724 0.72 Total 13,277 14.20 12,946 13.06 14,550 14.36 2020 2021 2022 % of total % of total % of total Amount finance income Amount finance income Amount finance income Finance income Entities under common control State-owned banks 564 70.50 348 62.37 459 52.28 Government agencies 8 1.00 14 2.51 16 1.82 Total 572 71.50 362 64.88 475 54.10 2020 2021 2022 % of total % of total % of total Amount finance cost Amount finance cost Amount finance cost Finance cost Majority stockholder Ministry of Finance 25 0.54 17 0.39 10 0.25 Entities under common control State-owned banks 1,163 25.27 1,247 28.38 1,004 24.63 Sarana Multi Infrastruktur 313 6.80 192 4.37 109 2.67 Total 1,501 32.61 1,456 33.14 1,123 27.55 2020 2021 2022 % of total % of total % of total Amount revenues Amount revenues Amount revenue Distribution of SIM card and voucher Associated companies Omni Inovasi Indonesia 1,766 1.29 959 0.67 981 0.67 Finarya — — — — 141 0.10 Total 1,766 1.29 959 0.67 1,122 0.77 2021 2022 % of total % of total Amount property and equipment purchased Amount property and equipment purchased Purchase of property and equipments (Note 12) Entities under common control INTI 104 0.34 117 0.34 Others 309 1.02 5 0.01 Total 413 1.36 122 0.35 c. Balance of accounts with related parties 2021 2022 % of total % of total Amount assets Amount assets Cash and cash equivalents (Note 4) 31,100 11.26 24,902 9.06 Other current financial (Note 5) 329 0.12 400 0.15 Trade receivables - net (Note 6) 1,378 0.50 2,009 0.73 Contract assets Majority stockholder Ministry of Finance 7 0.00 24 0.01 Entities under common control Government agencies 389 0.14 295 0.11 Others (each below Rp100 billion) 394 0.14 273 0.10 Sub-total 783 0.28 568 0.21 Associated companies 1 0.00 1 0.00 Other related entities — — 1 0.00 Total 791 0.28 594 0.22 Other current asset Entities under common control MoCI 4,749 1.72 5,093 1.85 Others 49 0.02 96 0.03 Sub-total 4,798 1.74 5,189 1.88 Associated companies — — 2 0.00 Total 4,798 1.74 5,191 1.88 Other non-current asset Entities under common control MoCI 1,573 0.57 1,291 0.47 Others 25 0.01 16 0.01 Total 1,598 0.58 1,307 0.48 2021 2022 % of total % of total Amount liabilities Amount liabilities Trade payables (Note 16) Majority stockholder Ministry of Finance 8 0.01 0 0.00 Entities under common control MoCI 1,329 1.01 1,342 1.07 Indosat 144 0.11 140 0.11 Others (each below Rp100 billion) 386 0.29 237 0.19 Sub-total 1,859 1.41 1,719 1.37 Associated companies 5 0.00 13 0.01 Other related entities — — 43 0.03 Total 1,872 1.42 1,775 1.41 Accrued expenses Majority stockholder Government 3 0.00 1 0.00 Entities under common control PLN 81 0.06 57 0.05 State-owned banks 40 0.03 74 0.06 Others 7 0.01 2 0.00 Sub-total 128 0.10 133 0.11 Total 131 0.10 134 0.11 2021 2022 % of total % of total Amount liabilities Amount liabilities Contract liabilities Majority stockholder Government 19 0.01 34 0.03 Entities under common control Government agencies 295 0.23 328 0.26 MoCI 118 0.09 62 0.05 Others (each below Rp100 billion) 229 0.17 171 0.14 Sub-total 642 0.49 561 0.45 Associated companies 2 0.00 2 0.00 Other related entities 1 0.00 3 0.00 Total 664 0.50 600 0.48 Customer deposits 19 0.01 19 0.02 Short-term bank loans (Note 19) 1,578 1.20 4,462 3.55 Two-step loans (Note 20a) 355 0.27 209 0.17 Long-term bank loans (Note 20c) 17,630 13.46 11,284 8.97 Other borrowings (Note 20d) 2,605 1.99 1,314 1.04 d. Significant agreements with related parties i. The Government The Company obtained two-step loans from the Government (Note 20a). ii. Indosat The Company has an agreement with Indosat to provide international telecommunications services to the public. The Company has also entered into an interconnection agreement between the Company’s fixed line network (Public Switched Telephone Network or “PSTN”) and Indosat’s Global System for Mobile ("GSM”) cellular telecommunications network in connection with the implementation of Indosat Multimedia Mobile services and the settlement of related interconnection rights and obligations. The Company also has an agreement with Indosat for the interconnection of Indosat’s GSM mobile cellular telecommunications network with the Company’s PSTN, which enable each party’s customers to make domestic calls between Indosat’s GSM mobile network and the Company’s fixed line network, as well as allowing Indosat’s mobile customers to access the Company’s IDD service by dialing “007”. The Company has been handling customer billings and collections for Indosat. Indosat is gradually taking over the activities and performing its own direct billing and collection. The Company has received compensation from Indosat computed at 1% of the collections made by the Company starting from January 1, 1995, as well as the billing process expenses which are fixed at a certain amount per record. On December 11, 2008, the Company and Indosat agreed to implement IDD service charge tariff which already took into account the compensation for billing and collection. The agreement is valid and effective starting from January to December 2012, and continuous to be applied until a new agreement becomes available. On December 18, 2017, the Company and Indosat signed amendments to the interconnection agreements for the fixed line networks (local, SLJJ, and international) and mobile network for the implementation of the cost-based tariff obligations under the MoCI Regulation No. 8/Year 2006. These amendments took effect starting on January 1, 2018. Telkomsel also entered into an agreement with Indosat for the provision of international telecommunications services to its GSM mobile cellular customers. The Company provides leased lines to Indosat and its subsidiaries, namely PT Indosat Mega Media and PT Aplikanusa Lintasarta ("Lintasarta"). The leased lines can be used by these companies for telephone, telegraph, data, telex, facsimile, or other telecommunication services. iii. Others The Company entered into an agreement with Lintasarta for the use of satellite transponders or the Company's subscribed circuit telecommunication satellite frequency channels. e. Remuneration of key management and supervisory personnel Key management personnel consists of the Directors of the Company and supervisory personnel consists of Board of Commissioners. The Company provides remuneration in the form of salaries/honorarium and facilities to support the governance and oversight duties of the Board of Commissioners and the leadership and management duties of the Directors. The total of such remuneration is as follows: 2020 2021 2022 % of total % of total % of total Amount expenses Amount expenses Amount expenses Board of Directors 263 0.28 347 0.35 401 0.40 Board of Commissioners 108 0.12 140 0.14 164 0.16 The amounts disclosed in the table are the amounts recognized as an expense during the reporting periods. |
OPERATING SEGMENTS
OPERATING SEGMENTS | 12 Months Ended |
Dec. 31, 2022 | |
OPERATING SEGMENTS | |
OPERATING SEGMENTS | 32. OPERATING SEGMENTS The Group has four primary reportable segments, namely mobile, consumer, enterprise, and WIB. The mobile segment provides mobile voice, SMS, value added services, and mobile broadband. The consumer segment provides Indihome service (bundled service of fixed wireline, pay TV, and internet) and other telecommunication services to home customers. The enterprise segment provides end-to-end solution to corporate and institutions. The WIB segment provides interconnection services, leased lines, satellite, Very Small Aperture Terminal (“VSAT”), broadband access, information technology services, data, and internet services to other licensed operator companies and institutions. Other segment provides digital content products (music and games), big data, Business to Business (“B2B”) Commerce, and financial services to individual and corporate customers. There is no operating segments that have been aggregated to form the reportable segments. Management monitors the operating results of the business units separately for the purpose of decision-making about resource allocation and performance assessment. Segment performance is evaluated based on operating profit or loss and is measured on the basis of Indonesian Financial Accounting Standards which differs from IFRS primarily in the accounting for land rights. However, the financing activities and income taxes are managed on a group basis and are not separately monitored and allocated to operating segments. Segment revenues and expenses include transactions between operating segments and are accounted at prices that management believes represent market prices. 2020 Total Adjustment and Total Mobile Consumer Enterprise WIB Others segment elimination consolidated Segment results Revenues External revenues 83,720 20,957 17,729 13,501 219 136,126 321 136,447 Inter-segment revenues 3,297 1,148 18,591 16,139 1,550 40,725 (40,725) — Total segment revenues 87,017 22,105 36,320 29,640 1,769 176,851 (40,404) 136,447 Segment results 32,966 4,561 (544) 6,497 107 43,587 (4,440) 39,147 Other information Capital expenditures (9,520) (9,770) (5,178) (4,587) (12) (29,067) (212) (29,279) Depreciation and amortization (19,715) (3,990) (3,276) (5,069) (25) (32,075) 3,150 (28,925) Provision recognized in current year (83) (511) (1,390) (267) (8) (2,259) (85) (2,344) 2021 Total Adjustment and Total Mobile Consumer Enterprise WIB Others segment elimination consolidated Segment results Revenues External revenues 84,267 24,930 19,141 14,255 205 142,798 412 143,210 Inter-segment revenues 3,097 187 22,395 18,072 2,395 46,146 (46,146) — Total segment revenues 87,364 25,117 41,536 32,327 2,600 188,944 (45,734) 143,210 Segment results 34,435 5,894 (307) 9,192 199 49,413 (5,674) 43,739 Other information Capital expenditures (10,548) (10,444) (4,514) (4,756) (13) (30,275) (46) (30,321) Depreciation and amortization (20,333) (6,566) (3,909) (4,702) (20) (35,530) 3,816 (31,714) Provision recognized in current year (99) (285) (13) 5 (33) (425) (49) (474) 2022 Total Adjustment and Total Mobile Consumer Enterprise WIB Others segment elimination consolidated Segment result Revenues External revenues 85,493 26,354 19,161 15,442 239 146,689 617 147,306 Inter-segment revenues 3,344 195 24,646 19,658 2,486 50,329 (50,329) — Total segment revenues 88,837 26,549 43,807 35,100 2,725 197,018 (49,712) 147,306 Segment results 26,122 7,579 831 8,925 (1,063) 42,394 (5,964) 36,430 Other information Capital expenditures (12,343) (9,038) (5,983) (6,612) (5) (33,981) (165) (34,146) Depreciation and amortization (21,028) (6,738) (3,999) (5,805) (19) (37,589) 4,460 (33,129) Provision recognized in current year (128) (434) (45) 34 (5) (578) 11 (567) Adjustments and eliminations : a. Revenue reconciliation 2020 2021 2022 Total segment revenues 176,851 188,944 197,018 Revenue from other non-operating segments 336 412 617 Inter-segment elimination (40,725) (46,146) (50,329) IFRS reconciliation (15) — — Consolidated revenues 136,447 143,210 147,306 b. Segment result reconciliation 2020 2021 2022 Total segment results 43,587 49,413 42,394 Loss from other non-operating segments (627) (1,237) (1,772) Adjustment and inter-segment elimination 545 (613) (1,041) Finance income 799 558 878 Finance cost (4,520) (4,365) (4,033) Share of loss of long-term investment in associates (246) (78) (87) Impairment of long-term investments in associates (763) — — IFRS reconciliation 372 61 91 Consolidated profit before income tax 39,147 43,739 36,430 c. Capital expenditure reconciliation 2020 2021 2022 Total segment capital expenditure (29,067) (30,275) (33,981) Capital expenditure from other non-operating segments (369) (66) (175) IFRS reconciliation 157 20 10 Consolidated capital expenditure (29,279) (30,321) (34,146) d. Depreciation and amortization reconciliation 2020 2021 2022 Total segment depreciation and amortization (32,075) (35,530) (37,589) Depreciation and amortization from other non-operating segments (259) (280) (263) Adjustment and inter-segment elimination 3,442 3,994 4,597 IFRS reconciliation (33) 102 126 Consolidated depreciation and amortization (28,925) (31,714) (33,129) e. Provision recognized in current year 2020 2021 2022 Total segment provision (2,259) (425) (578) Provision recognized from other non-operating segments (6) (3) (7) Adjustment and inter-segment elimination (97) (46) 18 IFRS reconciliation 18 — — Consolidated provision recognized in current year (2,344) (474) (567) Geographic information: 2020 2021 2022 External revenues Indonesia 130,082 136,482 139,983 Foreign countries 6,365 6,728 7,323 Total 136,447 143,210 147,306 The revenue information above is based on the location of the customers. There is no revenue from major customer which exceeds 10% of total revenues for the year ended December 31, 2020, 2021, and 2022. 2021 2022 Non-current operating assets Indonesia 168,002 176,586 Foreign countries 2,709 3,207 Total 170,711 179,793 Non-current operating assets for this purpose consist of property and equipment and intangible assets. |
SIGNIFICANT COMMITMENTS AND AGR
SIGNIFICANT COMMITMENTS AND AGREEMENTS | 12 Months Ended |
Dec. 31, 2022 | |
SIGNIFICANT COMMITMENTS AND AGREEMENTS | |
SIGNIFICANT COMMITMENTS AND AGREEMENTS | 33. SIGNIFICANT COMMITMENTS AND AGREEMENTS a. Capital expenditures As of December 31, 2022, capital expenditures committed under the contractual arrangements are Rp10,046 billion and US$267 million. The above balance includes the following significant agreements: Contracting parties Date of agreement Significant part of the agreement The Company and NEC Corporation May 12, 2016 - Procurement and Installation Agreement of Sistem Komunikasi Kabel Laut Telkomsel and PT Phincon September 12, 2019 - September 12, 2024 Development and Rollout Agreement ("DRA") and Technical Support Agreement ("TSA") Customer Relationship Management ("CRM") Solution System Integrator Telkomsel, PT Ericsson Indonesia, PT Huawei Tech Investment, and PT ZTE Indonesia February 1, 2021 - Procurement Agreement for Radio Ultimate Solution ("ROA") and TSA The Company and PT Mastersystem Infotama June 3, 2021 - April 6, 2023 Procurement and Installation Agreement of Expand IP Backbone Platform Cisco Telkomsel, PT Sempurna Global Pratama, PT Lintas Teknologi Indonesia, and PT Ericsson Indonesia September 1, 2021 - September 1, 2024 Procurement Agreement of Next Generation of Gateway GPRS Support Node ("GGSN") (Virtualized EPC) Telkomsel, Amdocs Software Solutions Limited Liability Company, and PT Application Solutions October 8, 2021 – October 8, 2024 Agreement of Online Charging System (“OCS”) and Service Control Points (“SCP”) System Solution Development Telkomsel and PT Application Solutions October 8, 2021 - October 8, 2024 TSA for OCS and SCP Telkomsat and Thales Alenia Space France ("TAS") October 28, 2021 - October 27, 2037 Procurement and Installation Agreement of HTS 113BT Satellite System Telkomsel and PT Ericsson Indonesia February 13, 2022 - February 12, 2025 Procurement Agreement for CS Core Solution ROA and TSA Telkomsel and PT Lintas Teknologi Indonesia February 13, 2022 - February 12, 2025 Procurement Agreement for CS Core Solution ROA and TSA Telkomsel and PT Huawei Tech Investment March 24, 2022 - March 24, 2025 Procurement Agreement for GGSN Telkomsat and Space Exploration Technologies Corporation ("SpaceX") April 19, 2022 - June 30, 2025 Procurement Agreement for Launch Service of HTS 113BT Satellite The Company and PT Lintas Teknologi Indonesia July 22, 2022 - March 19, 2023 Procurement and Installation Agreement of Nokia Dense wavelength-division multiplexing (”DWDM”) Platform b. Borrowings and other credit facilities (i) As of December 31, 2022, the Company has bank guarantee facilities for tender bonds, performance bonds, maintenance bonds, deposit guarantee, and advance payment bonds for various projects of the Company, as follows: Lenders Total facility Maturity Currency Facility utilized BRI 500 March 14, 2022 Rp 294 BNI 500 March 31, 2022 Rp 129 Bank Mandiri 500 December 23, 2023 Rp 236 Total 1,500 659 (ii) As of December 31, 2022, Telkomsel has bank guarantee facilities for various projects, as follows: Lenders Total facility Maturity Currency Facility utilized BRI 1,000 September 25, 2022 *) Rp 23 BNI 2,100 December 11, 2022 Rp 1,577 Total 3,100 1,600 *) Bank guarantee facility with BRI is on extension process Bank guarantee facility with BRI and BNI are mainly for performance bond and surety bond of radio frequency (Note 33c.i) (iii) Telin has a US$15 million or equal to Rp233 billion bank guarantee from Bank Mandiri and has been renewed on December 23, 2022, with maximum credit limit of US$25 million or equal to Rp389 billion. The facility will expire on December 23, 2023. As of December 31, 2022, Telin has not had outstanding bank guarantee facility. c. Others (i) Radio frequency usage With reference to Telecommunication Law No. 36/1999, based on the Decision Letter No. 025/TEL.01.02/2022 Year 2022 dated January 28, 2022 of the MoCI, the MoCI granted Telkomsel the rights to provide: 1. Mobile telecommunication services with radio frequency bandwidth in the 800 MHz, 900 MHz, 1,800 MHz, 2.1 GHz, and 2.3 GHz; and 2. Basic telecommunication services. With reference to Decision Letters No. 191 Year 2013, No.509 Year 2016, No. 1896 year 2017, No. 806 Year 2019, No.620 Year 2020, No. 178 Year 2021, and No. 479 Year 2022 of the MoCI, Telkomsel is required, among other things, to: 1. Issue a performance bond each year amounting to Rp20 billion and a surety bond amounting Rp617.15 billion for spectrum 2.1 GHz. 2. Issue a surety bond each year amounting Rp1.03 trillion for spectrum 2.3 GHz. 3. Issue a surety bond each year amounting Rp360 billion for both spectrum 2.3 GHz Block A and C. 4. Pay an annual right of usage (“BHP”) as set forth in the decision letters. The BHP is payable upon receipt of Surat Pemberitahuan Pembayaran The following are radio frequency band licenses owned by Telkomsel along with the BHP fees paid during current year: 1. Radio frequency for band 800 MHz, 900 MHz, and 1,800 MHz Based on Decree No. 620 Year 2020 of the MoCI, concerning the extension of the determination of radio frequency bands 800 MHz, 900 MHz and 1,800 MHz, Telkomsel should pay annual frequency usage fees from 2020 to 2030. 2. Radio frequency for band up to 2.1 GHz Based on Decree No. 191 Year 2013 of the Ministry, concerning the appointment of PT Telekomunikasi Selular to use 2.1 GHz radio frequency for band 1,970 - 1,975 MHz paired with 2,160 - 2,165 MHz, the MoCI granted the Company to utilize the license until March 18, 2023. Based on Decree No. 509 Year 2016 of the MoCI, concerning the extension of the determination of radio frequency 2.1 GHz for band 1,940 - 1,945 MHz paired with 2,130 - 2,135 MHz, the MoCI granted the extension of the license until March 28, 2026. Based on Decree No. 806 Year 2019 of the MoCI (previously was regulated on Decree No. 356 Year 2018), concerning the extension of the determination of radio frequency 2.1 GHz for band 1,935 - 1,940 MHz paired with 2,125 - 2,130 MHz, the MoCI granted the extension of the license until September 30, 2029. The aforementioned 2.1 GHz radio frequency band was rearranged in pursuant to the Decree No. 356 Year 2018 of the MoCI concerning the determination of 2.1 GHz radio frequency band for the purposes of mobile cellular network. Based on Decree No. 479 Year 2022 of the MoCI, concerning the appointment of Telkomsel as winner of auction of 2.1 GHz radio frequency for band 1,975 - 1,980 MHz paired with 2,165 - 2,170 MHz effective from January 11, 2023. In October 2022, the MoCI issued a Decree No. 480 Year 2022 concerning the rearrangement of the 2.1 GHz radio frequency band, including those used by Telkomsel. 3. Radio frequency for band up to 2.3 GHz Based on Decree No. 1896 Year 2017 of the MoCI, concerning the appointment of PT Telekomunikasi Selular to use 2.3 GHz radio frequency for band 2,300 - 2,330 MHz. 4. Radio frequency for band up to 2.3 GHz Block A and C Based on Decree No. 178 Year 2021 of the MoCI, concerning the appointment of PT Telekomunikasi Selular to use 2.3 GHz radio frequency for band 2,300 - 2,390 MHz, Telkomsel shall pay the annual BHP IPFR for Block A and Block C until 2030. Based on Decree No. 445 Year 2021 of the MoCI, concerning the determination of radio frequency bands resulting from the rearrangement of the 2.3 GHz radio frequency band for the purposes of mobile cellular network, the aforementioned 2.3 GHz radio frequency band was rearranged. Based on Decree No. 487 Year 2022 of the MoCI, Telkomsel received a right to use reallocated 2.3 GHz radio frequency from PT Berca Hardayaperkasa effective from November 18, 2022. (ii) Receivable under non-cancelable lease agreements The Group entered into non-cancelable lease agreements with both third and related parties. The lease agreements cover leased lines, telecommunication equipment and land and building with terms ranging from 1 to 10 years and with expiry dates between 2023 and 2032. Periods may be extended based on the agreement by both parties. The minimum amount of future lease payments and receipts for operating lease agreements are as follows: 2021 2022 Less than 1 year 3,095 2,582 1-5 years 6,922 8,354 More than 5 years 4,732 5,107 Total 14,749 16,043 (iii) USO On December 27, 2011, Telkomsel (on behalf of Konsorsium Telkomsel, a consortium which was established with Mitratel on December 9, 2011) was selected by Balai Penyedia dan Pengelola Pembiayaan Telekomunikasi dan Informatika Badan Aksesibilitas Telekomunikasi dan Informasi In 2015, the Program was ceased. In January 2016, Telkomsel filed an arbitration claim to BANI for the settlement of the outstanding receivables of USO Programs. On June 22, 2017, Telkomsel received a decision letter from BANI No. 792/1/ARB-BANI/2016 requesting BAKTI to pay compensation to Telkomsel amounting to Rp218 billion, and as of the date of the issuance of these consolidated financial statements Telkomsel has received the payment from BAKTI amounting to Rp91 billion (before tax) and no additional payment. The MoCI issued Regulation No. 5 Year 2021 dated March 31, 2021 which replaced previous regulations regarding policies underlying the USO program. The regulation requires telecommunications operators in Indonesia to contribute 1.25% of gross revenues (with due consideration for bad debts and/or interconnection charges and/or connection charges and/or the exclusion of certain revenues that are not considered as part of gross revenues as a basis to calculate the USO charged) for USO development. Based on Decree No. 827/KOMINFO/BAKTI.31/KS.1/10/2021 dated October 4, 2021 of BAKTI granted Telkomsel as operating cooperation partners (“KSO”) for eight packages KSO, which cover Nusa Tenggara, Kalimantan, Sulawesi, Maluku, West Papua, West Central Papua, North Central Papua and South East Papua for period from 2021 until 2031. |
FINANCIAL INSTRUMENTS
FINANCIAL INSTRUMENTS | 12 Months Ended |
Dec. 31, 2022 | |
FINANCIAL INSTRUMENTS | |
FINANCIAL INSTRUMENTS | 34. FINANCIAL INSTRUMENTS a. Financial assets and financial liabilities i. Classification (a) Financial assets 2021 2022 Amortized cost Cash and cash equivalents 38,311 31,947 Other current financial assets 415 1,268 Trade and other receivables 8,705 8,895 Other non-current assets 150 186 FVTPL Long-term investment in financial instruments 13,643 8,508 Other current financial assets 78 81 FVTOCI Long-term investment in financial instruments 18 22 Total financial assets 61,320 50,907 (b) Financial liabilities 2021 2022 Financial liabilities measured at amortized cost Trade and other payables 17,779 18,920 Accrued expenses 15,885 15,445 Customers deposits 401 44 Short-term bank loans 6,682 8,191 Two-step loans 355 209 Bonds 6,993 4,793 Long-term bank loans 36,056 29,873 Lease liabilities 15,888 18,473 Other borrowings 2,605 1,314 Other liabilities 126 170 Total financial liabilities 102,770 97,432 ii. Fair values The following table presents comparison of the carrying amounts and fair values of the Company's financial instruments, other than those the fair values are considered to approximate their carrying amounts as the impact of discounting is not significant: Fair value measurement at reporting date using Quoted prices in active markets for Significant identical assets or Significant other unobservable liabilities observable inputs inputs 2021 Carrying value Fair value (level 1) (level 2) (level 3) FVTPL Other current financial assets 78 78 78 — — Long-term investment in financial instruments 13,643 13,643 — 8,899 4,744 FVTOCI Long-term investment in financial instruments 18 18 — — 18 Financial liabilities at amortized cost Interest-bearing loans and other borrowings: Two-step loans 355 351 — — 351 Bonds 6,993 8,019 8,019 — — Long-term bank loans 36,056 36,176 — — 36,176 Other borrowings 2,605 2,610 — — 2,610 Lease liabilities 15,888 15,888 — — 15,888 Other liabilities 126 126 — — 126 Total 75,762 76,909 8,097 8,899 59,913 The following table presents comparison of the carrying amounts and fair values of the Company’s financial instruments, other than those the fair values are considered to approximate their carrying amounts as the impact of discounting is not significant (continued): Fair value measurement at reporting date using Quoted prices in active markets for Significant identical assets or Significant other unobservable liabilities observable inputs inputs 2022 Carrying value Fair value (level 1) (level 2) (level 3) FVTPL Other current financial assets 81 81 81 — — Long-term investment in financial instruments 8,508 8,508 2,172 — 6,336 FVTOCI Long-term investment in financial instruments 22 22 — — 22 Financial liabilities at amortized cost Interest-bearing loans and other borrowings: Two-step loans 209 207 — — 207 Bonds 4,793 5,614 5,614 — — Long-term bank loans 29,873 29,860 — — 29,860 Other borrowings 1,314 1,311 — — 1,311 Lease liabilities 18,473 18,473 — — 18,473 Other liabilities 170 170 — — 170 Total 63,443 64,246 7,867 — 56,379 As of December 31, 2022, there was a transfer of the fair value hierarchy of financial assets from level 2 and level 3 to level 1 with the consideration that there was a quoted price in an active market condition for identical assets that could be accessed on the measurement date. Therefore, these financial assets can be categorized as level 1. These financial assets are long-term investments in shares in GOTO of Rp2,159 billion and in PT Global Sukses Solusi of Rp13 billion. Gain on fair value recognized in consolidated statements of profit or loss for 2022 amounting to Rp282 billion. Reconciliations of the beginning and ending balances for items measured at fair value using significant unobservable inputs (level 3) as of December 31, 2021 and 2022 are as follows: 2021 2022 Beginning balance 1,962 4,762 Gain recognized in consolidated statement of: Profit or loss 936 313 Other comprehensive income — (31) Purchase/addition 2,068 1,338 Settlement/deduction (204) (24) Ending balance 4,762 6,358 Sensitivity Analysis The following table summarizes the quantitative information about the significant unobservable inputs used in level 3 fair value measurements: Significant Range Sensitivity Valuation unobservable (weighted of the input of Industry technique input average) fair value Subsidiaries investment Non-listed equity investment - technology OPM Backsolve method Volatility 30% - 93.99% 10% increase (decrease) in the percentage of volatility would result in an increase (decrease) Rp23 billion of the Investment value Exit timing 1.25 - 5 Years Increase (decrease) in 1 year exit timing would result in an increase (decrease) Rp 22 billion of the Investment value CoCos Equity Volatility 20% - 93.99% 10% increase (decrease) in the percentage of volatility would result in an increase (decrease) Rp13 billion of the Investment value Exit timing 1 - 6 Years Increase (decrease) in 1 year exit timing would result in an increase (decrease) Rp 10 billion of the Investment value Equity value/revenue multiple 2.36x -4.36x Increase in 1x of equity value/revenue multiple would result in an increase Rp3 billion of the Investment value Probability-weighted Method IPO Probability 30% - 40% 50% increase (decrease) in IPO probability would result in an increase (decrease) Rp4 billion of the Investment value Non-listed equity investment - credit rating agency Discounted cash flow Weighted Average Cost of Capital ("WACC") 12% - 22% 1% decrease (increase) in the percentage of WACC would result in an increase (decrease) Rp9 billion of the Investment value Terminal growth rate 1% - 5% 1% increase (decrease) in terminal growth rate would result in an increase (decrease) Rp6 billion of the Investment value Non-listed equity investment - telecommunication Discounted cash flow WACC 3.40% - 14.00% 0.5% decrease (increase) in WACC would result in an increase (decrease) Rp Terminal growth rate 1.5% - 3.2% 1% increase (decrease) in terminal growth rate would result in an increase (decrease) Rp3 billion of the Investment value Convertible bonds Non-listed equity investment - technology OPM Backsolve method Volatility 33.42% - 48.02% 10% increase (decrease) in the percentage of volatility would result in an increase (decrease) Rp2 billion of the Investment value Exit timing 3.25 - 3.33 Years Increase (decrease) in 1 year exit timing would result in an increase (decrease) Rp 2 billion of the Investment value iii. Fair value measurement Fair value is the amount for which an asset could be exchanged, or a liability settled, between parties in an arm's length transaction. The fair values of short-term financial assets and financial liabilities with maturities of one year or less (cash and cash equivalents, trade and other receivables, other current financial assets, trade and other payables, accrued expenses, and short-term bank loans) and other non-current assets are considered to approximate their carrying amounts as the impact of discounting is not significant. The fair values of long-term financial assets (other non-current assets (long-term trade receivables and restricted cash) approximate their carrying amounts as the impact of discounting is not significant. The Group determined the fair value measurement for disclosure purposes of each class of financial assets and financial liabilities based on the following methods and assumptions: (a) Fair value through profit or loss, primarily consists of stocks, mutual funds, corporate and government bonds, and convertible bonds. Stocks and mutual funds actively traded in an established market are stated at fair value using quoted market price or, if unquoted, determined using a valuation technique. The fair value of convertible bonds and subsidiaries investments (non-listed equity investments) are determined using valuation technique. Corporate and government bonds are stated at fair value by reference to prices of similar securities at the reporting date. (b) The fair values of long-term financial liabilities are estimated by discounting the future contractual cash flows of each liability at rates offered to the Group for similar liabilities of comparable maturities by the bankers of the Group, except for bonds which are based on market price. The fair value estimates are inherently judgmental and involve various limitations, including: (a) Fair values presented do not take into consideration the effect of future currency fluctuations. (b) Estimated fair values are not necessarily indicative of the amounts that the Group would record upon disposal/termination of the financial assets and liabilities. b. Financial risk management objectives and policies The Group’s activities expose it to a variety of financial risks such as market risks (including foreign exchange risk, market price risk, and interest rate risk), credit risk, and liquidity risk. Overall, the Group’s financial risk management program is intended to minimize losses on the financial assets and financial liabilities arising from fluctuation of foreign currency exchange rates and the fluctuation of interest rates. Management has a written policy on foreign currency risk management mainly on time deposit placements and hedging to cover foreign currency risk exposures for periods ranging from 3 up to 12 months. Financial risk management is carried out by the Corporate Finance unit under policies approved by the Board of Directors. The Corporate Finance unit identifies, evaluates, and hedges financial risks. i. Foreign exchange risk The Group is exposed to foreign exchange risk on sales, purchases, and borrowings that are denominated in foreign currencies. The foreign currency denominated transactions are primarily in U.S. Dollar and Japanese Yen. The Group’s exposures to other foreign exchange rates are not material. Increasing risks of foreign currency exchange rates on the obligations of the Group are expected to be partly offset by the effects of the exchange rates on time deposits and receivables in foreign currencies that are equal to at least 25% of the outstanding current foreign currency liabilities. The following table present the Group's financial assets and financial liabilities exposure to foreign currency risk: 2021 2022 U.S. Dollar Japanese Yen U.S. Dollar Japanese Yen (in billions) (in billions) (in billions) (in billions) Financial assets 1.36 0.00 0.78 0.01 Financial liabilities (0.21) (2.31) (0.19) (1.57) Net exposure 1.15 (2.31) 0.59 (1.56) Sensitivity analysis A strengthening of the U.S. Dollar and Japanese Yen, as indicated below, against the Rupiah at December 31, 2022 would have decreased equity and profit or loss by the amounts shown below. This analysis is based on foreign currency exchange rate variances that the Group considered to be reasonably possible at the reporting date. The analysis assumes that all other variables, in particular interest rates, remain constant. Equity/profit (loss) December 31, 2022 U.S. Dollar (1% strengthening) 92 Japanese Yen (5% strengthening) (9) A weakening of the U.S. Dollar and Japanese Yen against the Rupiah at December 31, 2022 would have had an equal but opposite effect on the above currencies to the amounts shown above, on the basis that all other variables remain constant. ii. Market price risk The Group is exposed to changes in debt and equity market prices related to financial assets measured at FVTPL carried at fair value. Gains arising from changes in the fair value of financial assets measured at FVTPL are recognized in the consolidated statements of profit or loss and other comprehensive income. The performance of the Group’s financial assets measured at FVTPL is monitored periodically, together with a regular assessment of their relevance to the Group’s long-term strategic plans. As of December 31, 2022, management considered the price risk for the Group’s financial assets measured at FVTPL to be immaterial in terms of the possible impact on profit or loss and total equity from a reasonably possible change in fair value. iii. Interest rate risk Interest rate fluctuation is monitored to minimize any negative impact to financial performance. Borrowings at variable interest rates expose the Group to interest rate risk (Notes 19 and 20). To measure market risk pertaining to fluctuations in interest rates, the Group primarily uses interest margin and maturity profile of the financial assets and liabilities based on changing schedule of the interest rate. At reporting date, the interest rate profile of the Group’s interest-bearing borrowings was as follows: 2021 2022 Fixed rate borrowings (24,944) (27,579) Variable rate borrowings (43,634) (35,274) Sensitivity analysis for variable rate borrowings As of December 31, 2022, a decrease (increase) 25 increased (decreased) profit iv. Credit risk The following table presents the maximum exposure to credit risk of the Group’s financial assets: 2021 2022 Cash and cash equivalents 38,311 31,947 Other current financial assets 493 1,349 Trade and other receivable, net 8,705 8,895 Other non-current assets 150 186 Total 47,659 42,377 The Group is exposed to credit risk primarily from cash and cash equivalents and trade and other receivables. The credit risk is controlled by continuous monitoring of outstanding balance and collection. Credit risk from balances with banks and financial institutions is managed by the Group's Corporate Finance Unit in accordance with the Group's written policy. The Group placed the majority of its cash and cash equivalents in state-owned banks because they have the most extensive branch networks in Indonesia and are considered to be financially sound banks, as they are owned by the State. Therefore, it is intended to minimize financial loss through banks and financial institutions’ potential failure to make payments. The customer credit risk is managed by continuous monitoring of outstanding balances and collection. Trade and other receivables do not have any major concentration of risk whereas no customer receivable balance exceeds 4.32% of trade receivables as of December 31, 2022 (2021: 5.05%). Management is confident in its ability to continue to control and sustain minimal exposure to the customer credit risk given that the Group has recognized sufficient provision for impairment of receivables to cover incurred loss arising from uncollectible receivables based on existing historical data on credit losses. v. Liquidity risk Liquidity risk arises in situations where the Group has difficulties in fulfilling financial liabilities when they become due. Prudent liquidity risk management implies maintaining sufficient cash in order to meet the Group’s financial obligations. The Group continuously performs an analysis to monitor financial position ratios, such as liquidity ratios and debt-to-equity ratios, against debt covenant requirements. The following is the maturity profile of the Group’s financial liabilities based on contractual undiscounted payments: Carrying Contractual 2026 and amount cash flows 2022 2023 2024 2025 thereafter 2021 Trade and other payables 17,779 (17,779) (17,779) — — — — Accrued expenses 15,885 (15,885) (15,885) — — — — Customer deposits 401 (401) (401) — — — — Short-term bank loans 6,682 (6,682) (6,682) — — — — Interest bearing loans: Two-step loans 355 (375) (150) (128) (97) — — Bonds 6,993 (12,821) (2,817) (507) (507) (2,500) (6,490) Long-term bank loans 36,056 (41,867) (8,228) (10,335) (7,492) (6,064) (9,748) Other borrowings 2,605 (2,801) (1,164) (1,115) (522) — — Lease liabilities 15,888 (15,979) (3,922) (3,414) (2,434) (1,813) (4,396) Other liabilities 126 (148) (11) (34) (34) (34) (35) Total 102,770 (114,738) (57,039) (15,533) (11,086) (10,411) (20,669) Carrying Contractual 2027 and amount cash flows 2023 2024 2025 2026 thereafter 2022 Trade and other payables 18,920 (18,920) (18,920) — — — — Accrued expenses 15,445 (15,445) (15,445) — — — — Customer deposits 44 (44) (44) — — — — Short-term bank loans 8,191 (8,191) (8,191) — — — — Interest bearing loans: Two-step loans 209 (216) (123) (93) — — — Bonds 4,793 (10,096) (509) (510) (2,574) (293) (6,210) Long-term bank loans 29,873 (36,301) (10,020) (8,346) (6,871) (4,874) (6,190) Other borrowings 1,314 (1,394) (1,027) (367) — — — Lease liabilities 18,473 (21,908) (5,741) (4,551) (2,766) (2,258) (6,592) Other liabilities 170 (196) (20) (44) (44) (44) (44) Total 97,432 (112,711) (60,040) (13,911) (12,255) (7,469) (19,036) The difference between the carrying amount and the contractual cash flows is interest value. The interest values of variable-rate borrowings are determined based on the effective interest rates as of reporting dates. |
CAPITAL MANAGEMENT
CAPITAL MANAGEMENT | 12 Months Ended |
Dec. 31, 2022 | |
CAPITAL MANAGEMENT | |
CAPITAL MANAGEMENT | 35. CAPITAL MANAGEMENT The capital structure of the Group is as follows: 2021 2022 Amount Portion Amount Portion Short-term debts 6,682 3.51 % 8,191 4.26 % Long-term debts 61,897 32.54 % 54,662 28.46 % Total debts 68,579 36.05 % 62,853 32.72 % Equity attributable to owners of the parent company 121,631 63.95 % 129,224 67.28 % Total 190,210 100.00 % 192,077 100.00 % The Group’s objectives when managing capital are to safeguard the Group’s ability to continue as a going concern in order to provide returns for stockholders and benefits to other stakeholders and to maintain an optimum capital structure to minimize the cost of capital. Periodically, the Group conducts debt valuation to assess possibilities of refinancing existing debts with new ones with have more efficient cost that will lead to more optimized cost-of-debt. In case of idle cash with limited investment opportunities, the Group will consider buying back its shares of stock or paying dividend to its stockholders. In addition to complying with loan covenants, the Group also maintains its capital structure at the level it believes will not risk its credit rating and which is comparable with its competitors. Debt-to-equity ratio (comparing net interest-bearing debt to total equity) is a ratio which is monitored by management to evaluate the Group’s capital structure and review the effectiveness of the Group’s debts. The Group monitors its debt levels to ensure the debt-to-equity ratio complies with or is below the ratio set out in its contractual borrowings arrangements and that such ratio is comparable or better than that of regional area entities in the telecommunications industry. The Group’s debt-to-equity ratio as of December 31, 2021 and 2022 is as follows: 2021 2022 Total interest-bearing debts 68,579 62,853 Less: cash and cash equivalents (38,311) (31,947) Net debts 30,268 30,906 Total equity attributable to owners of the parent company 121,631 129,224 Net debt-to-equity ratio 24.89 % 23.92 % As stated in Note 20, the Group is required to maintain a certain debt-to-equity ratio and debt service coverage ratio by the lenders. For the years ended December 31, 2021 and 2022, the Group has complied with the externally imposed capital requirements. |
SUPPLEMENTAL CASH FLOW INFORMAT
SUPPLEMENTAL CASH FLOW INFORMATION | 12 Months Ended |
Dec. 31, 2022 | |
SUPPLEMENTAL CASH FLOW INFORMATION | |
SUPPLEMENTAL CASH FLOW INFORMATION | 36. SUPPLEMENTAL CASH FLOW INFORMATION a. The non-cash investing activities for the years ended December 31, 2020, 2021 and 2022 are as follows: 2020 2021 2022 Acquisition of property and equipment: Credited to trade payables 5,175 5,723 4,662 Borrowing cost capitalization 160 52 79 Addition of right of uses assets: Credited to leases liabilities (Note 13) 4,308 4,234 10,006 Acquisition of intangible assets: Credited to trade payables 341 501 258 b. The changes in liabilities arising from financing activities is as follows: Non-cash changes Foreign January 1, exchange Other December 31, 2021 Cash flows movement New leases Changes 2021 Short-term bank loans 9,934 (3,252) — — — 6,682 Two step loans 568 (182) (31) — — 355 Bonds and notes payable 7,469 (478) — — 2 6,993 Long-term bank loans 28,229 7,827 13 — (13) 36,056 Other borrowings 3,645 (1,043) — — 3 2,605 Lease liabilities 14,877 (4,225) — 6,597 (1,362) 15,887 Total liabilities from financing activities 64,722 (1,353) (18) 6,597 (1,370) 68,578 Non-cash changes Foreign January 1, exchange Other December 31, 2022 Cash flows movement New leases Changes 2022 Short-term bank loans 6,682 1,510 (1) — — 8,191 Two step loans 355 (144) (2) — — 209 Bonds 6,993 (2,200) — — — 4,793 Long-term bank loans 36,056 (6,218) 55 — (20) 29,873 Other borrowings 2,605 (1,294) — — 3 1,314 Lease liabilities 15,887 (7,024) 60 10,006 (455) 18,474 Total liabilities from financing activities 68,578 (15,370) 112 10,006 (472) 62,854 |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Dec. 31, 2022 | |
SUBSEQUENT EVENTS | |
SUBSEQUENT EVENTS | 37. SUBSEQUENT EVENTS On February 6, 2023, Telkomsel paid the entire outstanding loans to Bank of China amounting to Rp1,000 billion. On February 15, 2023, Mitratel acquired 997 Indosat’s telecommunication towers amounting to Rp 1,648 billion. On March 16, 2023, the Company withdrawn facilities from Bank of China amounting to Rp1,000 billion. On March 30, 2023, the Company withdrawn facilities from Bank Mandiri amounting to Rp1,000 billion. On April 6, 2023, based on Conditional Spin-Off Agreement ("CSA"), the Company will transfer the IndiHome Business Segment which shall be no later than July 1, 2023, which will result in all assets and liabilities of the Company in relation to the IndiHome Business Segment being transferred by operation of law to Telkomsel. The value of IndiHome Business Segment to be transferred is Rp58,250 billion. In return, Telkomsel will issue 33,300 new shares to the Company, resulted in 70.4% ownership by the Company and diluting SingTel's ownership into 29.6%. Furthermore, SingTel intends to use part of its right to pre-order the issuance of 1,551 new shares. The issuance of the new shares will be paid in cash amounting to Rp2,713 billion, resulted in 69.9% ownership by the Company and 30.1% ownership by SingTel. |
NEW ACCOUNTING STANDARDS AND IN
NEW ACCOUNTING STANDARDS AND INTERPRETATIONS NOT YET ADOPTED | 12 Months Ended |
Dec. 31, 2022 | |
NEW ACCOUNTING STANDARDS AND INTERPRETATIONS NOT YET ADOPTED | |
NEW ACCOUNTING STANDARDS AND INTERPRETATIONS NOT YET ADOPTED | 38. NEW ACCOUNTING STANDARDS AND INTERPRETATIONS NOT YET ADOPTED Effective for annual periods beginning on or after January 1, 2023 ● Amendments to IAS 8, Definition of Accounting Estimates The amendments to clarify the definition of accounting estimates are monetary amounts in financial statements that are subject to measurement uncertainty. The effects on an accounting estimate of a change in an input or a change in a measurement technique are changes in accounting estimates unless they result from the correction of prior period errors. These amendments are not expected to have an impact to the Group’s consolidated financial position or performance. The Group intends to adopt these amendments in future periods when they become effective. ● Amendments to IAS 1, Disclosure of Accounting Policies The amendments to clarify entity shall disclose material accounting policy information. Accounting policy information is material if, when considered together with other information included in an entity’s financial statements, it can reasonably be expected to influence decisions that the primary users of general purpose financial statements make on the basis of those financial statements. These amendments are not expected to have an impact to the Group’s consolidated financial position or performance. The Group intends to adopt these amendments in future periods when they become effective. ● Amendments to IFRS 17, Insurance Contract, will be effective on January 1, 2023, are considered to be not applicable to the Group’s consolidated financial statements. ● Amendments to IAS 12, Deferred tax related to asset and liabilities arising from a single transaction The amendments introduce an exception to the initial recognition exemption. Applying this exception, an entity does not apply the initial recognition exemption for transactions that give rise to equal taxable and deductible temporary differences. These amendments are not expected to have an impact to the Group’s consolidated financial position or performance. The Group intends to adopt these amendments in future periods when they become effective. Effective for annual periods beginning on or after January 1, 2024 ● Amendments to IAS 1, Classification of Liabilities as Current or Non-current The amendments clarify the criteria for determining whether to classify a liability as current or non-current. Entity shall classify a liability as current when: - it expects to settle the liability in its normal operating cycle; - it holds the liability primarily for the purpose of trading; - the liability is due to be settled within twelve months after the reporting period; or - it does not have the right at the end of the reporting period to defer settlement of the liability for at least twelve months after the reporting period. An entity’s right to defer settlement of a liability arising from a loan arrangement for at least twelve months after the reporting period may be subject to the entity complying with conditions specified in that loan arrangement (‘covenants’). If an entity is required to comply with the covenant on or before the end of the reporting period. Such a covenant: a. affects whether the right exists at the end of the reporting period if an entity is required to comply with the covenant on or before the end of the reporting period. Such a covenant affects whether the right exists at the end of the reporting period even if compliance with the covenant is assessed only after the reporting period. b. do not affect whether that right exists at the end of the reporting period if an entity is required to comply with the covenant only after the reporting period. Classification of a liability is unaffected by the likelihood that the entity will exercise its right to defer settlement of the liability for at least twelve months after the reporting period. An entity has to disclose information in the notes that enables users of financial statements to understand the risk that non-current liabilities with covenants could become repayable within twelve months. These amendments are not expected to have an impact to the Group’s consolidated financial position or performance. The Group intends to adopt these amendments in future periods when they become effective. ● Amendments to IFRS 16, Lease liability in a sale and leaseback The amendment requires a seller-lessee to subsequently measure lease liabilities arising in a sale and leaseback transaction, to ensure the seller- lessee does not recognize any amount of the gain or loss that relates to the right of use it retains. These amendments are not expected to have an impact to the Group’s consolidated financial position or performance. The Group intends to adopt these amendments in future periods when they become effective. The effective date was postponed to a date yet to be determined ● Amendments to IFRS 10 and IAS 28, Sale or Contribution of Assets between an Investor and its Associate or Joint Venture The amendments provide guidance for accounting treatment when a parent loses control of a subsidiary in a transaction with an associate or joint venture. The amendments require full gain to be recognized when the assets transferred meet the definition of a “business” under IFRS 3, Business Combinations. These amendments are not expected to impact the Group’s consolidated financial position or performance. The Group intends to adopt these amendments in future periods when they become effective. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Basis of preparation of the consolidated financial statements | a. Basis of preparation of the consolidated financial statements The consolidated financial statements, except for the consolidated statements of cash flows, are prepared on the accrual basis. The measurement basis used is historical cost, except for certain accounts which are measured using the basis mentioned in the relevant notes herein. The consolidated statements of cash flows are prepared using the direct method and present the changes in cash and cash equivalents from operating, investing, and financing activities. Figures in the tables of the consolidated financial statements are presented and rounded to billions of Indonesian Rupiah (“Rp") and millions of US$, unless otherwise stated. Figures in the consolidated financial statements which still contain values but below Rp1 billion and US$1 million, are presented with zero. The consolidated financial statements provide comparative information in respect of the previous period. The following amendments, which are effective for annual periods beginning on or after January 1, 2022, does not have any material impact to the consolidated financial statements of the Group, unless otherwise stated. i. Amendments to IAS 16: Property, Plant and Equipment: Proceeds before Intended Use ii. Amendments to IAS 37: Onerous Contracts-Cost of Fulfilling a Contract iii. Amendments to IFRS 3: Reference to the Conceptual Framework iv. Amendments to IFRS 9 (Annual Improvement): Financial Instruments – Fees in the ’10 per cent’ test for derecognition of financial liabilities v. Amendments to IFRS 16 (Annual Improvement): Leases - Illustrative Examples |
Principles of consolidation | b. Principles of consolidation The consolidated financial statements consist of the financial statements of the Company and the subsidiaries over which it has control. Control is achieved when the Group is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Specifically, the Group controls an investee if and only if the Group has power over the investee, exposure, or rights, to variable returns from its involvement with the investee, and the ability to use its power over the investee to affect its returns. Generally, there is a presumption that a majority of voting rights results in control. To support this presumption and when the Group has less than a majority of the voting or similar rights of an investee, the Group considers all relevant facts and circumstances in assessing whether it has power over an investee, including: i. The contractual arrangement with the other vote holders of the investee, ii. Rights arising from other contractual arrangements, and iii. The Group's voting rights and potential voting rights. The Group re-assesses whether it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control over the subsidiary. Assets, liabilities, income, and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated statements of profit or loss and other comprehensive income from the date the Group gains financial control until the date the Group ceases to control the subsidiary. Profit or loss and each component of other comprehensive income (“OCI”) are attributed to the equity holders of the Company and to the non-controlling interests, even if this results in the non-controlling interests having a deficit balance. All intra-Group assets and liabilities, equity, revenue and expenses, and cash flow relating to transactions within Group are fully eliminated on consolidation. In case of loss of control over a subsidiary, the Group: i. derecognizes the assets (including goodwill) and liabilities of the subsidiary at the carrying amounts on the date when it loses control; ii. derecognizes the carrying amounts of any non-controlling interests of its former subsidiary on the date when it loses control; iii. recognizes the fair value of the consideration received (if any) from the transaction, events, or condition that caused the loss of control; iv. recognizes the fair value of any investment retained in the subsidiary at fair value on the date of loss of control; and v. recognizes any surplus or deficit in profit or loss that is attributable to the Group. |
Transactions with related parties | c. Transactions with related parties The Group has transactions with related parties. The definition of related parties used is in accordance with International Accounting Standards (“IAS”): 24, Related Party Disclosures. The party which is considered a related party is a person or entity that is related to the entity that is preparing its financial statements. Key management personnel are identified as the persons having authority and responsibility for planning, directing, and controlling the activities of the entity, directly or indirectly, including any director (whether executive or otherwise) of the Group. The related party status extends to the key management of the subsidiaries to the extent they direct the operations of subsidiaries with minimal involvement from the Company’s management. |
Business combinations and goodwill | d. Business combinations and goodwill Business combination is accounted for using the acquisition method. The consideration transferred is measured at fair value, which is the aggregate of the fair value of the assets transferred, liabilities incurred or assumed, and the equity instruments issued in exchange for control of the acquiree. For each business combination, non-controlling interest is measured at fair value or at the proportionate share of the acquiree’s identifiable net assets. The choice of measurement basis is made on a transaction-by-transaction basis. Acquisition-related costs are expensed as incurred. The acquiree’s identifiable assets and liabilities are recognized at their fair values at the acquisition date. Goodwill is initially measured at cost, being the excess of the aggregate of the consideration transferred and the amount recognized for non-controlling interests, and any previous interest held, over the net identifiable assets acquired and liabilities assumed. If the fair value of the net assets acquired is in excess of the aggregate consideration transferred, the Group re-assesses whether it has correctly identified all of the assets acquired and all of the liabilities assumed, and reviews the procedures used to measure the amounts to be recognized at the acquisition date. If the re-assessment still results in an excess of the fair value of net assets acquired over the aggregate consideration transferred, then the gain is recognized in profit or loss. Any contingent consideration to be transferred by the acquirer is recognized at fair value at the acquisition date. Contingent consideration classified as equity is not remeasured and its subsequent settlement is accounted for within equity. Contingent consideration classified as an asset or liability that is a financial instrument and within the scope of IFRS 9 Financial Instruments is measured at fair value with the changes in fair value recognized in the statement of profit or loss in accordance with IFRS 9. Other contingent consideration that is not within the scope of IFRS 9 is measured at fair value at each reporting date with changes in fair value recognized in profit or loss. If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Group shall report in its consolidated financial statements provisional amounts for the items for which the accounting is incomplete. During the measurement period, the Group shall retrospectively adjust the provisional amounts recognized at the acquisition date to reflect new information obtained about facts and circumstances that existed as of the acquisition date and, if known, would have affected the measurement of the amounts recognized as of that date. The measurement period ends immediately after the Company receives the information about the facts and circumstances that existed at the acquisition date or learns that additional information cannot be obtained. However, the measurement period must not exceed one year from the date of acquisition. In a business combination achieved in stages, the acquirer remeasures its previously held equity interest in the acquiree at its acquisition-date fair value and recognizes the resulting gain or loss, if any, in profit or loss. Business combination between businesses or entities under common control does not result in a change of the economic substance of the ownership of assets, liabilities, shares or other instruments of ownership, which are exchanged, assets or liabilities transferred are recorded at book value using the pooling-of-interests method. The excess of consideration paid or received over the carrying value of interest acquired or sold, net of income tax, is directly recognized to retained earnings. |
Cash and cash equivalents | e. Cash and cash equivalents Cash and short-term deposits in the statement of financial position comprise cash in banks and on hand and short-term highly liquid deposits with a maturity of three months or less, that are readily convertible to a known amount of cash and subject to an insignificant risk of changes in value. For the purpose of the consolidated statement of cash flows, cash and cash equivalents consist of cash and short-term deposits, as defined above, net of outstanding bank overdrafts as they are considered an integral part of the Group’s cash management. Time deposits with maturities of more than three months but not more than one year are presented as part of “Other current financial assets” in the consolidated statements of financial position (Note 2t). |
Investments in associates | f. Investments in associates An associate is an entity over which the Group (as investor) has significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee, but does not include control or joint control over those operating policies. The considerations made in determining significant influence are similar to those necessary to determine control over subsidiaries. Holding of 20% or more of the voting power of the investee (held directly or indirectly, through subsidiaries) is presumed to give rise to significant influence, unless it can be clearly demonstrated that this is not the case. Conversely, a holding of less than 20% of the voting power is presumed not to give rise to significant influence, unless it can be clearly demonstrated that there is in fact significant influence. The existence of significant influence will usually be evidenced in one or more of the following ways: i. representation on the board of directors or equivalent governing body of the investee; ii. participation in policy-making processes, including participation in decisions about dividends and other distributions; iii. material transactions between the investor and the investee; iv. interchange of managerial personnel; or v. provision of essential technical information. The Group’s investments in its associates are accounted for using the equity method. Under the equity method, the investment in an associate is initially recognized at cost. The carrying amount of the investment is adjusted to recognize changes in the investor’s share of the net assets of the associate since the acquisition date. On acquisition of the investment, any difference between the cost of the investment and the entity’s share of the net fair value of the investee’s identifiable assets and liabilities is accounted for as follows: i. Goodwill relating to an associate, or a joint venture is included in the carrying amount of the investment and is neither amortized nor individually tested for impairment. ii. Any excess of the entity’s share of the net fair value of the investee’s identifiable assets and liabilities over the cost of the investment is included as income in the determination of the entity’s share of the associate or joint venture’s profit or loss in the period in which the investment is acquired. The consolidated statements of profit or loss and other comprehensive income reflect the Group’s share of the results of operations of the associate. Any change in the other comprehensive income of the associate is presented as part of other comprehensive income. In addition, when there has been a change recognized directly in the equity of the associate, the Group recognizes its share of the change in the consolidated statements of changes in equity. Unrealized gain and losses resulting from transactions between the Group and the associate are eliminated to the extent of the interest in the associate. The Group determines at each reporting date whether there is any objective evidence that the investments in associates are impaired. If there is, the Group calculates and recognizes the amount of impairment as the difference between the recoverable amount of the investments in the associates and their carrying value. These assets are included in “Long-term investments” in the consolidated statements of financial position. For the reporting purpose of investment in associates using the equity method, the assets and liabilities as of the statement of financial position date with functional currency other than Rupiah are translated into Indonesian rupiah using the rate of exchange prevailing at that date, while revenues and expenses are translated into Indonesian rupiah at the average rates of exchange for the year. The resulting translation adjustments are reported as part of “translation adjustment” in the equity section of the consolidated statements of financial position. |
Trade and other receivables | g. Trade and other receivables Trade and other receivables are recognized initially at fair value and subsequently measured at amortized cost, less a loss allowance based on lifetime expected credit losses at each reporting date. The Group has made allowance for expected credit losses based on the collective assessment of historical impairment rates and individual assessment of its customers’ credit history, adjusted for forward-looking factors specific from the customers and the economic environment. Receivables are written-off in the year in which they are determined to be uncollectible (Note 2t). |
Inventories | h. Inventories Inventories consist of components, which represent telephone terminals, cables, and other spare parts. Inventories also include Subscriber Identification Module (“SIM”) cards, handsets, wireless broadband modems, and prepaid vouchers which are expensed upon sale. Inventories are valued at the lower of cost and net realizable value. Net realizable value is determined by either estimating the selling price in the ordinary course of business, less estimated cost to sell or determining the prevailing replacement costs. The costs of inventories consist of the purchase price, import duties, other taxes, transport, handling, and other costs directly attributable to their acquisition. Cost is determined using the weighted average method. The amounts of any write-down of inventories below cost to net realizable value and all losses of inventories are recognized as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of inventories, arising from an increase in net realizable value, is recognized as a reduction in the amount of general and administrative expenses in the year in which the reversal occurs. Provision for obsolescence is primarily based on the estimated forecast of future usage of these inventory items. |
Prepaid expenses | i. Prepaid expenses Prepaid expenses are amortized over their future beneficial periods using the straight-line method. |
Assets held for sale | j. Assets held for sale Assets (or disposal groups) are classified as held for sale when their carrying amount is to be recovered principally through a sale transaction rather than through continuing use and a sale is considered highly probable. Assets held for sale are stated at the lower of carrying amount and fair value less costs to sell. Assets that meet the criteria to be classified as held for sale are reclassified from property and equipment and depreciation on such assets is ceased. |
Intangible assets | k. Intangible assets Intangible assets mainly consist of software. Intangible assets are recognized if it is highly probable that the expected future economic benefits that are attributable to each asset will flow to the Group, and the cost of the asset can be reliably measured. Intangible assets are stated at cost less accumulated amortization and impairment losses, if any. Intangible assets are amortized over their estimated useful lives. The amortization period and the amortization method for an intangible asset with a finite useful life are reviewed at least at the end of the reporting period. The Group estimates the recoverable value of its intangible assets. When the carrying amount of an intangible asset exceeds its estimated recoverable amount, the asset is written down to its estimated recoverable amount. Intangible assets except goodwill, are amortized using the straight-line method, based on the estimated useful lives of the intangible assets as follows: Years Software 3-6 License 3-20 Other intangible assets 1-30 Intangible assets are derecognized on disposal, or when no further economic benefits are expected, either from further use or from disposal. The difference between the carrying amount and the net proceeds received from disposal is recognized in the consolidated statements of profit or loss and other comprehensive income. |
Property and equipment | l. Property and equipment Property and equipment are stated at cost less accumulated depreciation, and impairment losses, if any. The cost of an item of property and equipment includes: (a) purchase price, (b) any costs directly attributable to bringing the asset to its location and condition, and (c) the initial estimate of the costs of dismantling and removing the item and restoring the site on which it is located. Each part of an item of property and equipment with a cost that is significant in relation to the total cost of the item is depreciated separately. Property and equipment are depreciated or amortized using the straight-line method based on the estimated useful lives of the assets as follows: Years Buildings 15-50 Leasehold improvements 2-15 Switching equipment 3-15 Telegraph, telex, and data communication equipment 5-15 Transmission installation and equipment 3-40 Satellite, earth station, and equipment 3-20 Cable network 5-25 Power supply 3-20 Data processing equipment 3-20 Vehicles 4-8 Other telecommunication peripherals 5 Office equipment 2-5 Other equipment 2-5 Significant expenditures related to leasehold improvements are capitalized and depreciated over the lease term. The depreciation method, useful life, and residual value of an asset are reviewed at least at each financial year-end and adjusted, if appropriate. Based on review the useful life of towers in Indonesia are changed from previous year in line with technological development and changes in the level of usage expectations. The residual value of an asset is the estimated amount that the Group would currently obtain from disposal of the asset, after deducting the estimated costs of disposal, if the asset is already of the age and in the condition expected at the end of its useful life. Property and equipment acquired in exchange for a non-monetary asset or for a combination of monetary and non-monetary assets are measured at fair value unless, (i) the exchange transaction lacks commercial substance; or (ii) the fair value of neither the asset received, nor the asset given up is measured reliably. Major spare parts and standby equipment that are expected to be used for more than 12 months are recorded as part of property and equipment. When assets are retired or otherwise disposed of, their cost and the related accumulated depreciation are derecognized from the consolidated statements of financial position and the resulting gains or losses on the disposal or sale of the property and equipment are recognized in the consolidated statements of profit or loss and other comprehensive income. Certain computer hardware cannot be used without the availability of certain computer software. In such circumstance, the computer software is recorded as part of the computer hardware. If the computer software is independent from its computer hardware, it is recorded as part of intangible assets. The cost of maintenance and repairs are charged to the consolidated statements of profit or loss and other comprehensive income as incurred. Significant renewals and betterments are capitalized to related property and equipment account. Property under construction is stated at cost less impairment if any, until the construction is completed, at which time it is reclassified to the property and equipment account to which it relates. During the construction period until the property is ready for its intended use or sale, borrowing costs, which include interest expense and foreign currency exchange differences incurred on loans obtained to finance the construction of the asset, as long as it meets the definition of a qualifying asset are, capitalized in proportion to the average amount of accumulated expenditures during the period. Capitalization of borrowing cost ceases when the construction is completed, and the asset is ready for its intended use or sale. |
Leases | m. Leases The Group assesses at contract inception whether a contract is, or contains, a lease. That is, if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The lease term corresponds to the non-cancellable period of each contract, except in cases where the Group is reasonably certain of exercising renewal options contractually foreseen. The Group has made use of the package of practical expedients available within IFRS 16, which among other things: ● the use of a single discount rate to a portfolio of leases with reasonably similar characteristics; ● the accounting for operating leases with a remaining lease term of less than 12 months as short-term leases; ● the exclusion of initial direct costs for the measurement of the right-of-use asset (“ROU”) as short-term leases; ● the use of hindsight in determining the lease term where the contract contains options to extend or terminate the lease; ● not to separate non-lease components from lease components, and instead, account for both as a single lease component; and ● not to recognize a lease liability and a ROU asset for leases where the underlying assets are low-value assets (i.e. underlying assets with a maximum value of US $5,000 or Rp 50 million when it is new). The Group applies the definition of a lease and related guidance set out in IFRS 16 to all lease contracts. i. The Group as lessee The Group applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets. The Group recognizes lease liabilities to make lease payments and ROU assets representing the right to use the underlying assets. The Group recognizes ROU assets at the commencement date of the lease. ROU assets are measured at cost, less any accumulated amortization and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of ROU assets includes the amount of lease liabilities recognized, initial direct costs incurred, restoration costs and lease payments made at or before the commencement date less any lease incentives received. ROU assets are amortized on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets, as follows: Years Land rights 1-50 Buildings 1-15 Transmission installation and equipment 3-25 Vehicles 4-8 Others 2-25 If ownership of the leased asset transfers to the Group at the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful life of the asset. The ROU assets are subject to impairment in accordance with IAS 36 Impairment of Assets. Lease liabilities At the commencement date of the lease, the Group recognizes lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Group and payments of penalties for terminating the lease, if the lease term reflects the Group exercising the option to terminate. Variable lease payments that do not depend on an index or a rate are recognized as expenses in the period in which the event or condition that triggers the payment occurs. In calculating the present value of lease payments, the Group uses its incremental borrowing rate at the lease commencement date because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the lease payments, or a change in the assessment of an option to purchase the underlying asset. Short-term leases with a duration of less than 12 months and low-value assets leases, as well as those lease elements, partially or totally not complying with the principles of recognition defined by IFRS 16 will be treated similarly to operating leases. The Group will recognize those lease payments on a straight-line basis over the lease term in the consolidated statements of profit or loss and other comprehensive income. ii. The Group as lessor Under IFRS 16, a lessor continues to classify leases as either finance leases or operating leases and account for those two types of leases differently. Leases in which the Group transfers substantially all the risks and rewards incidental to ownership of an asset are classified as finance leases, otherwise it will be classified as operating leases. Lease classification is made at the inception date and is reassessed only if there is a lease modification. At the commencement date, the Group recognizes assets held under a finance lease at an amount equal to the net investment in the lease and present it as finance lease receivable. The net investment in the lease includes fixed payments (including in substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and residual value guarantees provided to the lessor by the lessee. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the lessee and payments of penalties for terminating the lease, if the lease term reflects the Group exercising the option to terminate. As required by IFRS 9, an allowance for expected credit loss has been recognized on the finance lease receivables and presented under "Other receivables". Rental income arising from operating leases is accounted for on a straight-line basis over the lease terms and is included in revenue in the consolidated statement of profit or loss and other comprehensive income due to its operating nature. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the underlying asset and recognized over the lease term on the same basis as rental income. Contingent rents are recognized as revenue in the period in which they are earned. If an arrangement contains lease and non-lease components, the Group applies IFRS 15 Revenue from Contracts with Customers to allocate the consideration in the contract. Revenue arising from operating lease is recorded as revenue from lessor transactions (Note 2q). |
Trade payables | n. Trade payables Trade payables are obligations to pay for goods and/or services that have been acquired from suppliers in the ordinary course of business. Trade payables are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognized initially at fair value and subsequently measured at amortized cost using the effective interest method. |
Borrowings | o. Borrowings Borrowings are recognized initially at fair value, net of transaction costs incurred. Borrowings are subsequently carried at amortized cost; any difference between the proceeds (net of transaction costs) and the redemption value is recognized in the consolidated statements of profit or loss and other comprehensive income over the period of the borrowings using the effective interest method. Fees paid on obtaining loan facilities are recognized as transaction costs of the loan to the extent that it is probable that some or all of the facilities will be drawn down. In this case, the fee is deferred until the drawdown occurs. To the extent there is no evidence that it is probable that some or all of the facilities will be drawn down, the fee is capitalized as a prepayment for liquidity services and amortized over the period of the facilities to which it relates. |
Foreign currency translations | p. Foreign currency translations The functional currency and the reporting currency of the Group are both in Indonesian rupiah, except for the functional currency of Telekomunikasi Indonesia International Ltd., Hong Kong, Telekomunikasi Indonesia International Pte. Ltd., Singapore, Telekomunikasi Indonesia International Inc., USA, and Telekomunikasi Indonesia International S.A., Timor Leste whose functional currency is U.S. Dollar, Telekomunikasi Indonesia International, Pty. Ltd., Australia whose functional currency is Australian Dollar, TS Global Network Sdn. Bhd., and Telekomunikasi Indonesia International Sdn. Bhd. whose functional currency is Malaysian Ringgit. Transactions in foreign currencies are translated into Indonesian rupiah at the rates of exchange prevailing at transaction date. At the consolidated statements of financial position dates, monetary assets and liabilities denominated in foreign currencies are translated into Indonesian rupiah based on the buy and sell rates quoted by Reuters prevailing at the consolidated statements of financial position dates, as follows (in full amount): 2021 2022 Buy Sell Buy Sell United States Dollar (“US$”) 1 14,250 14,255 15,567 15,571 Australian Dollar (“AU$”) 1 10,353 10,359 10,583 10,589 Singapore Dollar ("SGD") 1 10,555 10,561 11,614 11,622 New Taiwan Dollar ("TWD") 1 515.04 515.40 508.15 508.47 Euro ("EUR") 1 16,125 16,137 16,623 16,635 Japanese Yen ("JPY") 1 123.81 123.86 118.12 118.17 Malaysian Ringgit ("MYR") 1 3,420 3,424 3,529 3,539 Hong Kong Dollar (“HKD”) 1 1,828 1,828 1,996 1,997 The result of foreign exchange gains or losses, realized and unrealized, are credited or charged to the consolidated statements of profit or loss and other comprehensive income of the current year, except for foreign exchange differences incurred on borrowings during the construction of qualifying assets which are capitalized to the extent that the borrowings can be attributed to the construction of those qualifying assets (Note 2l). |
Revenue and expense recognition | q. Revenue and expense recognition Revenue from contract with customers IFRS 15 establishes a comprehensive framework to determine how, when, and how much revenue is to be recognized. The standard provides a single principles-based five-step model for the determination and recognition of revenue to be applied to all contracts with customers. The standard also provides specific guidance requiring certain types of costs to obtain and/or fulfil a contract to be capitalized and amortized on a systematic basis that is consistent with the transfer to the customer of the goods or services to which the capitalized cost relates. Below is the summary of the Group’s revenue recognition accounting policy for each revenue stream: i. Mobile Revenue from mobile primarily comprises of revenue from cellular service which among others: telephone service, interconnection service, internet and data service and Short Messaging Services (“SMS”) service. Those services are offered on postpaid or prepaid basis. For prepaid services, initial package sales (also known as SIM cards and initial charging vouchers) and top up vouchers are initially recognized as contract liabilities. The Group recognizes contract assets for the services from postpaid customers that have not been billed. All mobile services revenues are recognized based on output method, either per actual usage or allowance unit used (if services sold in plan basis), because the customer simultaneously receives and consumes the benefits provided by the Group. For services sold in bundled plan, total consideration is allocated to performance obligations based on stand-alone selling price for each of product and/or service. The Group estimates the stand-alone selling price using the price enacted if the services are sold on a stand-alone basis. Most bundled plans sold by the Group only include services which are generally satisfied over the same period of time. Therefore, the revenue recognition pattern is generally not impacted by the allocation. The consideration that is received is allocated between the telecommunication services sold and the points issued, with the consideration allocated to points that are equal to its fair value. The fair value of the points that are issued is deferred and recognized as revenue when the points are redeemed, expired, or when the program is terminated. ii. Consumer Revenue from consumer primarily comprises of revenue from fixed telephone and Indihome services. Revenues from fixed telephone service are derived from customer who subscribes to fixed telephone service only, while revenues from Indihome service are derived from customer who subscribes to internet services or to bundled package with combination of consumer service (i.e. telephone, internet and data, and paid TV). Those services are offered on a postpaid basis and billed in the following month. In 2021, the Group has applied a new term and condition that the contract with customer is an open-ended contract with minimum 12-month contract and substantive early termination penalty. The contract duration under IFRS 15 is 12-month contract and can be renewed in monthly basis afterward. All consumer services are recognized using the output method based on the customer's actual usage or time elapsed basis as the customer simultaneously receives and consumes the benefits provided by the Group. Customers may be required to pay an upfront fee at the commencement of the contract. The upfront fee is considered to be a material right because the customer is not required to pay an upfront fee when the customer renews the service beyond the original contract period. The Group values the renewal option in the amount of the consideration received from the upfront fee for the installation service. The Group defers the amount of renewal option as contract liabilities and recognizes it as revenue on a straight-line basis over the expected term of the customer relationships. The Group estimates the expected customer life based on the historical information and customer trends and updates the evaluation on an annual basis. iii. Enterprise Revenue from enterprise customers primarily comprises of revenue from providing telephone service, internet and data, information technologies, and other services (e.g. manage service, call center service, e-health, e-payment, and others). Some of the contracts with enterprise customers are bespoke in nature. Revenues from enterprise customers are recognized overtime using output method based on actual usage or time elapsed if the provision of service does not depend on usage (i.e. minute of voice, kilobyte of data, etc.), except for sales of goods which are recognized at a point in time, because the customer simultaneously receives and consumes the benefits provided by the Group. Revenues for performance obligations that are satisfied at a point in time is recognized when control of goods is transferred to the customer, typically when the customer has physical possession of the goods. Some of the arrangements in enterprise customers are offered as bundled arrangements. For bundled arrangements, the product and/or service in the contract is accounted for as a single performance obligation when it is separately identifiable from other promises in the contract and the customer can benefit from the product/service on its own. The total consideration is allocated to each distinct performance obligation that has been included in the contract, based on its stand-alone selling price. The stand-alone selling price is determined according to the observable prices at which individual product and/or service are sold separately, adjusted for market conditions and normal discounts as appropriate. Alternatively, when the observable prices are not available, the expected cost-plus margin approach is used to determine the stand-alone selling prices. Certain contracts with enterprise customers may give rise to variable consideration as the contract price depends on a future event (e.g. usage based contract or revenue-share based contract). In estimating the variable consideration, the Group is required to use either the expected value method or the most likely amount method based on the method that better predicts the amount of consideration to which it will be entitled. The Group determines that the most expected value method is the appropriate method to use in estimating the variable consideration for a single contract with a large number of possible outcomes. Before including any amount of variable consideration in the transaction price, the Group considers whether the amount of variable consideration is constrained. The Group determines that the estimates of variable consideration are not constrained based on its historical experience, business forecast, and the current economic conditions and only includes variable consideration to the extent that it is highly probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved. When another party is involved in providing products and/or services to a customer, the Group is the principal if it controls the specified products and/or services before those products and/or services are transferred to the customer. Revenues are recorded on the net amount that has been retained (the amount paid by the customer less the amount paid to the suppliers), when, in substance, the Group has acted as agent and earned commission from the suppliers of the products and/or services sold. iv. Wholesale and International Business (“WIB”) Revenue from WIB is mainly comprises of interconnections service for interconnection of other telecommunications carriers’ subscriber calls to the Group’s subscribers (incoming call) and calls between other telecommunications carriers subscribers through the Group’s network (transit) and network service with other telecommunications carriers. All of these services are recognized based on the output method using the basis of the actual recorded traffic for the month. Contract assets A contract asset is initially recognized for revenue earned from delivery of goods or services because the receipt of consideration is conditional on certain milestones or upon completion of the project. Upon completion of the milestones or the project, the amount recognized as contract assets is reclassified to trade receivables. Contract assets are subject to impairment assessment. Contract liabilities A contract liability is recognized if a payment is received or a payment is due (whichever is earlier) from a customer before the Group transfers the related goods or services. Contract liabilities are recognized as revenue when the Group performs under the contract (i.e., transfers control of the related goods or services to the customer). Incremental cost of obtaining/fulfilling contract with customers The incremental costs of obtaining/fulfilling contracts with customers, which principally are comprised of sales commissions and contract fulfilment costs, are initially recognized on the consolidated statements of financial position as contract costs. These costs are subsequently amortized on a systematic basis that is consistent with the period and pattern of transfer to the customer of the related products or services. Costs that do not qualify as costs of obtaining/fulfilling contract with customers are expensed as incurred or in accordance with other relevant standards. At the end of each reporting year, the Group evaluates whether there is an indication that capitalized contract costs may be impaired. An impairment exists when the carrying amount of the contract costs exceeds the amount expected to be received in exchange for goods and services. When impairment exists, an impairment loss is recognized in profit or loss. Revenue from lessor transactions Revenue from lessor transactions comprises of revenue from telecommunication tower operating leases and other rental. Rental income is recognized on a straight-line basis over the lease term and is included in revenue in the statement of profit or loss due to its operating nature. Expenses Expenses are recognized as they are incurred. |
Employee benefits | r. Employee benefits i. Short-term employee benefits All short-term employee benefits which consist of salaries and related benefits, vacation pay, incentives and other short-term benefits are recognized as expense on undiscounted basis when employees have rendered service to the Group. ii. Post-employment benefit plans and other long-term employee benefits Post-employment benefit plans consist of funded and unfunded defined benefit pension plans, defined contribution pension plan, other post-employment benefits, post-employment health care benefit plan, defined contribution health care benefit plan and obligations under the Labor Law. Other long-term employee benefits consist of Long Service Awards (“LSA”), Long Service Leave (“LSL”), and pre-retirement benefits. The cost of providing benefits under post-employment benefit plans and other long-term employee benefits calculation is performed by an independent actuary using the projected unit credit method. The net obligations in respect of the defined pension benefit plans and post-retirement health care benefit plan are calculated at the present value of estimated future benefits that the employees have earned in return for their service in the current and prior periods less the fair value of plan assets. The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows using interest rates of Government bonds that are denominated in the currencies in which the benefits will be paid and that have terms to maturity approximating the terms of the related retirement benefit obligation. Government bonds are used as there are no deep markets for high quality corporate bonds. Plan assets are assets owned by defined benefit pension plan and post-retirement health care benefits plan as well as qualifying insurance policy. The assets are measured at fair value as of reporting dates. The fair value of qualifying insurance policy is deemed to be the present value of the related obligations (subject to any reduction required if the amounts receivable under the insurance policies are not recoverable in full). Remeasurement, comprising of actuarial gains and losses, the effect of the asset ceiling (excluding amounts included in net interest on the net defined benefit liability (asset)) and the return on plan assets (excluding amounts included in net interest on the net defined benefit liability (asset)) are recognized immediately in the consolidated statements of financial position with a corresponding debit or credit to retained earnings through OCI in the period in which they occur. Remeasurements are not reclassified to profit or loss in subsequent periods. Past service costs are recognized immediately in profit or loss on the earlier of: (a) the date of plan amendment or curtailment; and (b) the date that the Group recognized restructuring-related costs. Net interest is calculated by applying the discount rate to the net defined benefit liabilities or assets. Gains or losses on curtailment are recognized when there is a commitment to make a material reduction in the number of employees covered by a plan or when there is an amendment of defined benefit plan terms such as that a material element of future services to be provided by current employees will no longer qualify for benefits, or will qualify only for reduced benefits. Gains or losses on settlement are recognized when there is a transaction that eliminates all further legal or constructive obligation for part or all of the benefits provided under a defined benefit plan (other than the payment of benefit in accordance with the program and included in the actuarial assumptions). For defined contribution plans, the regular contributions constitute net periodic costs for the period in which they are due and, as such, are included in “personnel expenses” as they become payable. iii. Share-based payments The Company operates an equity-settled share-based compensation plan. The fair value of the employees’ services rendered which are compensated with the Company’s shares is recognized as an expense in the consolidated statements of profit or loss and other comprehensive income and credited to additional paid-in capital at the grant date. iv. Early retirement benefits Early retirement benefits are accrued at the time the Group makes a commitment to provide early retirement benefits as a result of an offer made in order to encourage voluntary redundancy. A commitment to a termination arises when, and only when a detailed formal plan for the early retirement cannot be withdrawn. |
Taxes | s. Taxes Income tax Current and deferred income taxes are recognized as income or expense and included in the consolidated statements of profit or loss and other comprehensive income, except to the extent that the income tax arises from a transaction or event which is recognized directly in equity, in which case, the income tax is recognized directly in equity. Current income tax assets and liabilities are measured at the amounts expected to be recovered or paid by using the tax rates and tax laws that have been enacted or substantively enacted at each reporting date. Management periodically evaluates positions taken in Annual Tax Returns (" Surat Pemberitahuan Tahunan SPT Tahunan Tax assessments Amendment to taxation obligation is recorded when an assessment letter (" Surat Ketetapan Pajak Deferred tax The Group recognizes deferred tax assets and liabilities for temporary differences between the financial and tax bases of assets and liabilities at each reporting date. The Group also recognizes deferred tax assets resulting from the recognition of future tax benefits, such as the benefit of tax losses carried forward to the extent their future realization is probable. Deferred tax assets and liabilities are measured using enacted or substantively enacted tax rates and tax laws at each reporting date which are expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The carrying amount of deferred tax assets is reviewed at each reporting date and reduced if it is no longer probable that sufficient taxable profit will be available to compensate part or all of the benefits of deferred tax assets. Unrecognized deferred tax assets are re-assessed at each reporting date and recognized if it is probable that future taxable profits will be available for recovery. Tax deductions arising from the reversal of deferred tax assets are excluded from estimates of future taxable income. Deferred tax transactions which are recognized outside profit or loss. Therefore, deferred taxes on these transactions are recognized either in other comprehensive income or recognized directly in equity. Deferred tax assets and liabilities are offset in the consolidated statements of financial position, if and only if it has a legally enforceable right to set off current tax assets and liabilities and the deferred tax assets and liabilities relate to income taxes levied by the same Tax Authority on either the same taxable entity or different taxable entities which intend either to settle current tax liabilities and assets on a net basis, or to realize the assets and settle the liabilities simultaneously, in each future period in which significant amounts of deferred tax assets or liabilities are expected to be recovered or settled. Value added tax ("VAT") Revenues, expenses and assets are recognized net of the VAT amount except: i. VAT arising from the purchase of assets or services that cannot be credited by the Tax Office, which VAT is recognized as part of the acquisition cost of the asset or as part of the applied expenses; and ii. Receivables and payables are presented including the amount of VAT. Uncertainty over income tax treatments IFRIC 23: Uncertainty Over Income Tax Treatments stated that the recognition and measurement of tax assets and liabilities that contain uncertainty over income tax are determined by considering whether to be treated separately or together, the assumptions used in the examination of tax treatments by the Tax Authorities, consideration the probability that the Tax Authorities will accept uncertain tax treatment and re-consideration or estimation if there is a change in facts and circumstances. If the acceptance of the tax treatment by the Tax Authorities is probable, the measurement is in line with income tax fillings. If the acceptance of the tax treatment by the Tax Authorities is not probable, the Group measures its tax balances using the method that provides the better prediction of resolution (i.e. most likely amount or expected value). Final tax Indonesian tax regulations impose final tax on several types of transactions based on the gross value of the transaction. Therefore, final tax which is charged based on such transaction remains subject to tax even though the taxpayer incurred a loss on the transaction. Final tax on construction services and leases are presented as part of “other income-net”. |
Financial instruments | t. Financial instruments The Group classifies financial instruments into financial assets and financial liabilities. A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. i. Financial assets Initial recognition and measurement Financial assets are classified, at initial recognition, and subsequently measured at amortized cost, fair value through OCI (“FVTOCI”), and fair value through profit or loss (“FVTPL”). The classification of financial assets at initial recognition depends on the financial asset’s contractual cash flow characteristics and the Group’s business model for managing them. With the exception of trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient, the Group initially measures a financial asset at its fair value plus, in the case of a financial asset not at FVTPL, transaction costs. Trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient are measured at the transaction price determined under IFRS 15. In order for a financial asset to be classified and measured at amortized cost or FVTOCI, it needs to give rise to cash flows that are solely payments of principal and interest on the principal amount outstanding. This assessment is referred to as the solely payments of principal and interest test and is performed at an instrument level. The Group’s business model for managing financial assets refers to how it manages its financial assets in order to generate cash flows. The business model determines whether cash flows will result from collecting contractual cash flows, selling the financial assets, or both. Purchases or sales of financial assets that require delivery of assets within a time frame established by regulation or convention in the marketplace (regular way trades) are recognized on the trade date, i.e., the date that the Group commits to sell the asset. Subsequent measurement For purposes of subsequent measurement, financial assets are classified in four categories: (a) Financial assets at amortized cost (debt instruments) The Group measures financial assets at amortized cost if both of the following conditions are met: ● The financial asset is held within a business model with the objective to hold financial assets in order to collect contractual cash flows; and ● The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Financial assets at amortized cost are subsequently measured using the effective interest rate (“EIR”) method and are subject to impairment. Gains and losses are recognized in profit or loss when the asset is derecognized, modified or impaired. The Group’s financial assets at amortized cost consist of cash and cash equivalents, trade and other receivables, other current financial assets, and other non-current assets. (b) Financial assets at FVTOCI with recycling of cumulative gains and losses (debt instruments) The Group measures debt instruments at FVTOCI if both of the following conditions are met: ● The financial asset is held within a business model with the objective of both holding to collect contractual cash flows and selling; and ● The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. For debt instruments at FVTOCI, interest income, foreign exchange revaluation, and impairment losses or reversals are recognized in the statement of profit or loss and computed in the same manner as for financial assets measured at amortized cost. The remaining fair value changes are recognized in OCI. Upon derecognition, the cumulative fair value change recognized in OCI is recycled to profit or loss. The Group has no debt instruments classified at FVTOCI with recycling of cumulative gains and losses as of December 31, 2021 and 2022. (c) Financial assets designated at FVTOCI with no recycling of cumulative gains and losses upon derecognition (equity instruments) Upon initial recognition, the Group can elect to classify irrevocably its equity investments as equity instruments designated at FVTOCI when they meet the definition of equity under IAS 32, Financial Instruments: Presentation and are not held for trading. The classification is determined on an instrument-by-instrument basis. Gains and losses on these financial assets are never recycled to profit or loss. Dividends are recognized as other income in the statement of profit or loss when the right of payment has been established, except when the Group benefits from such proceeds as a recovery of part of the cost of the financial asset, in which case, such gains are recorded in OCI. Equity instruments designated at FVTOCI are not subject to impairment assessment. The Group’s financial assets at this category consists of long-term investment in financial instruments. (d) Financial assets at FVTPL Financial assets at FVTPL include financial assets held for trading, financial assets designated upon initial recognition at FVTPL, or financial assets mandatorily required to be measured at fair value. Financial assets are classified as held for trading if they are acquired for the purpose of selling or repurchasing in the near term. Derivatives, including separated embedded derivatives, are also classified as held for trading unless they are designated as effective hedging instruments. Financial assets with cash flows that are not solely payments of principal and interest are classified and measured at FVTPL, irrespective of the business model. Notwithstanding the criteria for debt instruments to be classified at amortized cost or at FVTOCI, as described above, debt instruments may be designated at FVTPL on initial recognition if doing so eliminates, or significantly reduces, an accounting mismatch. Financial assets at FVTPL are carried in the statement of financial position at fair value with net changes in fair value recognized in the statement of profit or loss. The Group’s financial assets at FVTPL consists of other long-term investment in financial instruments and other current financial assets. Expected credit losses (“ECL”) The Group recognizes an allowance for ECL for all debt instruments not held at FVTPL. ECL are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Group expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms. ECL are recognized in two stages. For credit exposures for which there has not been a significant increase in credit risk since initial recognition, ECL are provided for credit losses that result from default events that are possible within the next 12-months (a 12-month ECL). For those credit exposures for which there has been a significant increase in credit risk since initial recognition, a loss allowance is required for credit losses expected over the remaining life of the exposure, irrespective of the timing of the default (a lifetime ECL). For trade receivables and contract assets, the Group applies a simplified approach in calculating ECL. Therefore, the Group does not track changes in credit risk, but instead recognizes a loss allowance based on lifetime ECL at each reporting date. The Group has established a provision model that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. The Group considers a financial asset in default when contractual payments are 90 days past due. However, in certain cases, the Group may also consider a financial asset to be in default when internal or external information indicates that the Group is unlikely to receive the outstanding contractual amounts in full before taking into account any credit enhancements held by the Group. Trade receivables are written-off when there is a low possibility of recovering the contractual cash flow, after all collection efforts have been done and have been fully provided for allowance. ii. Financial liabilities Initial recognition and measurement Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans and borrowings, payables or as derivatives designated as hedging instruments in an effective hedge, as appropriate. All financial liabilities are recognized initially at fair value and, in the case of loan and borrowings and payables, net of directly attributable transaction costs The Group classifies its financial liabilities as: (i) financial liabilities at FVTPL or (ii) financial liabilities measured at amortized cost. The Group’s financial liabilities include trade and other payables, accrued expenses, customer deposits, Interest-bearing loans, and lease liabilities. Interest-bearing loans consist of short-term bank loans, two-step loans, bonds, long-term bank loans, and other borrowings. Subsequent measurement The measurement of financial liabilities depends on their classification, as described below: (a) Financial liabilities at FVTPL Financial liabilities at FVTPL include financial liabilities held for trading and financial liabilities designated upon initial recognition as at FVTPL. Financial liabilities are classified as held for trading if they are incurred for the purpose of repurchasing in the near term. This category also includes derivative financial instruments entered into by the Group that are not designated as hedging instruments in hedge relationships as defined by IFRS 9. Separated embedded derivatives are also classified as held for trading unless they are designated as effective hedging instruments. Gains or losses on liabilities held for trading are recognized in the statement of profit or loss. Financial liabilities designated upon initial recognition at FVTPL are designated at the initial date of recognition, and only if the criteria in IFRS 9 are satisfied. The Group has not designated any financial liability as at FVTPL. (b) Financial liabilities measured at amortized cost This is the category most relevant to the Group. After initial recognition, interest-bearing loans and other borrowings are subsequently measured at amortized cost using the EIR method. Gains and losses are recognized in profit or loss when the liabilities are derecognized as well as through the EIR amortization process. Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortization is included as finance costs in the statement of profit or loss. This category generally applies to interest-bearing loans and other borrowings. For more information, refer to Note 20 Long-term loans and other borrowings. iii. Offsetting financial instruments Financial assets and liabilities are offset and the net amount is reported in the consolidated statements of financial position when there is a legally enforceable right to offset the recognized amounts and there is an intention to settle them on a net basis, or realize the assets and settle the liabilities simultaneously. The right of offset must not be contingent on a future event and must be legally enforceable in all of the following circumstances: (a) the normal course of business; (b) the event of default; and (c) the event of insolvency or bankruptcy of the Group and all of the counterparties. iv. Derecognition of financial instruments The Group derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire, or when the Group transfers substantially all the risks and rewards of ownership of the financial asset. The Group derecognizes a financial liability when the obligation specified in the contract is discharged or cancelled or has expired. |
Treasury stock | u. Treasury stock Reacquired Company’s shares of stock are accounted for at their reacquisition cost and classified as “Treasury Stock” and presented as a deduction in equity. The cost of treasury stock sold/transferred is accounted for using the weighted average method. The portion of treasury stock transferred for employee stock ownership program is accounted for at its fair value at grant date. Any difference between the carrying amount and consideration from future re-sale of treasury stocks, is recognized as part of additional paid-in-capital in the equity. |
Dividends | v. Dividends Dividend for distribution to the stockholders is recognized as a liability in the consolidated financial statements in the year in which the dividend is approved by the stockholders. The interim dividend is recognized as a liability based on the Board of Directors’ decision supported by the approval from the Board of Commissioners. |
Basic and diluted earnings per share and earnings per ADS | w. Basic and diluted earnings per share and earnings per ADS Basic earnings per share is computed by dividing profit for the year attributable to owners of the parent company by the weighted average number of shares outstanding during the year. Income per ADS is computed by multiplying the basic earnings per share by 100, the number of shares represented by each ADS. The Company does not have potentially dilutive financial instruments. |
Segment information | x. Segment information The Group’s segment information is presented based upon identified operating segments. An operating segment is a component of an entity: i. that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same entity); ii. whose operating results are regularly reviewed by the Group’s Chief Operating Decision Maker ("CODM") i.e., the Directors, to make decisions about resources to be allocated to the segment and assess its performance; and iii. for which discrete financial information is available. |
Provisions | y. Provisions Provisions are recognized when the Group has present obligations (legal or constructive) arising from past events and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligations and the amount can be measured reliably. Provisions for onerous contracts are recognized when the contract becomes onerous for the lower of the cost of fulfilling the contract and any compensation or penalties arising from failure to fulfill the contract. |
Impairment of non-financial assets | z. Impairment of non-financial assets At the end of each reporting period, the Group assesses whether there is an indication that an non-financial assets may be impaired. These assets include property and equipment, current assets, and other non-current assets, including intangible assets. If such indication exists, the recoverable amount is estimated for the individual asset. If it is not possible to estimate the recoverable amount of the individual asset, the Group determines the recoverable amount of the Cash-Generating Unit (“CGU”) to which the asset belongs (“the asset’s CGU”). The recoverable amount of an asset (either individual asset or CGU) is the higher of the asset’s fair value less costs to sell and its value in use (“VIU”). Where the carrying amount of the asset exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. In assessing the value in use, the estimated net future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. In determining fair value less costs to sell, recent market transaction prices are taken into account, if available. If no such transactions can be identified, the Group uses an appropriate valuation model to determine the fair value of the asset. These calculations are corroborated by multiple valuations or other available fair value indicators. Impairment losses of continuing operations are recognized in the consolidated statements of profit or loss and other comprehensive income. At the end of each reporting period, the Group assesses whether there is any indication that previously recognized impairment losses for an asset, other than goodwill, may no longer exist or may have decreased. If such indication exists, the recoverable amount is estimated. A previously recognized impairment loss for an asset, other than goodwill, is reversed only if there has been a change in the assumptions used to determine the asset’s recoverable amount since the last impairment loss was recognized. The reversal is limited such that the carrying amount of the asset does not exceed its recoverable amount, nor exceeds the carrying amount that would have been determined, net of depreciation, had no impairment been recognized for the asset in prior periods. Reversal of an impairment loss is recognized in consolidated statement of profit or loss and other comprehensive income. Goodwill is tested for impairment annually and when circumstances indicate that the carrying value may be impaired. Impairment is determined for goodwill by assessing the recoverable amount of each CGU (or group of CGUs) to which the goodwill relates. When the recoverable amount of the CGU is less than its carrying amount, an impairment loss is recognized. Impairment loss relating to goodwill cannot be reversed in future periods. |
Current and non-current classifications | aa. Current and non-current classifications The Group presents assets and liabilities in the statement of financial position based on current/non- current classification. An asset is presented as current when it is: i. expected to be realized or intended to be sold or consumed in the normal operating cycle; ii. held primarily for the purpose of trading; iii. expected to be realized within twelve months after the reporting period; or iv. cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. Asset which do not meet above criteria are classified as non-current assets. A liability is presented as current when: i. it is expected to be settled in the normal operating cycle; ii. it is held primarily for the purpose of trading; iii. it is due to be settled within twelve months after reporting period; iv. there is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period. The terms of liability that could, at the option of counterparty, result in its settlement by the issue of equity instruments do not affect its classification. Liabilities which do not meet above criteria are classified as long-term liabilities. Deferred tax assets and liabilities are classified as non-current assets and liabilities. |
Significant accounting judgements, estimates and assumptions | ab. Significant accounting judgements, estimates and assumptions The preparation of the Group's consolidated financial statements requires management to make judgements, estimates and assumptions that affect the reporting amounts of revenue, expenses, assets and liabilities, and the accompanying disclosures, and disclosures of contingent liabilities, at the end of the reporting period. Uncertainty about these assumptions and estimates can produce results that require a material adjustment to the carrying amounts of assets and liabilities affected in the coming periods. i. Judgements The following judgements were made by management in applying the Group's accounting policies that have the most significant influence on the amounts recognized in the consolidated financial statements: Income taxes Uncertainties exist with respect to the interpretation of complex tax regulations, changes in tax laws, and the amount and timing of future taxable income could necessitate future adjustments to tax income and expense already recorded. Judgement is also involved in determining the provision for corporate income tax. There are certain transactions and computation for which the ultimate tax determination is uncertain during the ordinary course of business. The Group recognizes liabilities for anticipated tax audit issues based on estimates of whether additional taxes will be due. Where the final tax outcome of these matters is different from the amounts that were initially recorded, such differences will impact the current and deferred income tax assets and liabilities in the year in which such determination is made. ii. Estimates and assumptions Estimates and assumption are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Group makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below. (a) Retirement benefits The present value of the retirement benefit obligations depends on a number of factors that are determined on an actuarial basis using a number of assumptions. The assumptions used in determining the net cost (income) for pensions include the discount rate and return on investment (“ROI”). Any changes in these assumptions will impact the carrying amount of the retirement benefit obligations. The Group determines the appropriate discount rate at the end of each reporting period. This is the interest rate that should be used to determine the present value of estimated future cash outflows expected to be required to settle the obligations. In determining the appropriate discount rate, the Group considers the interest rates of Government bonds that are denominated in the currency in which the benefits will be paid and that have terms to maturity approximating the terms of the related retirement benefit obligations. If there is an improvement in the ratings of such Government bonds or a decrease in interest rates as a result of improving economic conditions, there could be a material impact on the discount rate used in determining the post-employment benefit obligations. Other key assumptions for retirement benefit obligations are based in part on current market conditions. Additional information is disclosed in Notes 29 and 30. (b) Useful lives of property and equipment The Group estimates the useful lives of its property and equipment based on expected asset utilization, considering strategic business plans, expected future technological developments, and market behavior. The estimates of useful lives of property and equipment are based on the Group’s collective assessment of industry practice, internal technical evaluation, and experience with similar assets. The Group reviews its estimates of useful lives at least each financial year-end and such estimates are updated if expectations differ from previous estimates due to changes in expectation of physical wear and tear, technical or commercial obsolescence, and legal or other limitations on the continuing use of the assets. The amounts of recorded expenses for any year will be affected by changes in these factors and circumstances. A change in the estimated useful lives of the property and equipment is a change in accounting estimates and is applied prospectively in profit or loss in the period of the change and future periods. In 2021, the Company accelerated the useful lives of Multi-Service Access Node (“MSAN”) assets until 2022. In 2022, the Group changed its estimated useful lives of towers in Indonesia (Note 12). Details of the nature and carrying amounts of property and equipment are disclosed in Note 12. (c) Determining the lease term of contracts with renewal and termination options - Group as lessee The Group determines the lease term as the non-cancellable term of the lease, together with any periods covered by an option to extend the lease if it is reasonably certain to be exercised, or any periods covered by an option to terminate the lease, if it is reasonably certain not to be exercised. The Group has several lease contracts that include extension and termination options. The Group applies judgement in evaluating whether it is reasonably certain whether or not to exercise the option to renew or terminate the lease. That is, it considers all relevant factors that create an economic incentive for it to exercise either the renewal or termination. After the commencement date, the Group reassesses the lease term if there is a significant event or change in circumstances that is within its control and affects its ability to exercise or not to exercise the option to renew or to terminate. (d) Allowance for expected credit losses for financial assets For trade receivables and contract assets, the Group applies a simplified approach in calculating ECLs. Therefore, the Group does not track changes in credit risk, but instead recognizes a loss allowance based on lifetime ECLs at each reporting date. The Group has established an allowance for expected credit losses methodology that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors, and the economic environment. For term deposits and debt instruments at FVTOCI, the Group applies the low credit risk simplification. At every reporting date, the Group evaluates whether the deposits or debt instrument are considered to have low credit risk using all reasonable and supportable information that is available without undue cost or effort. In making that evaluation, the Group reassesses the internal credit rating of the debt instrument. In addition, the Group considers that there has been a significant increase in credit risk when contractual payments are more than 30 days past due. The Group assesses whether there is objective evidence that other receivables or other financial assets have been impaired at the end of each reporting period. Allowance for expected credit losses of receivables is calculated based on a review of the current status of existing receivables and historical collection experience. Such allowances are adjusted periodically to reflect the actual and anticipated experience. Details of the nature and carrying amounts of allowance for expected credit losses of receivables are disclosed in Note 6. Group also closely monitors the changes in shared risk characteristics of certain account receivables by evaluating the customer segmentations portfolios which the respective customers might engage in business industries, or locate in areas, which have become affected, or are more prone to be affected, by the pandemic. Group has reassessed the model used to calculate ECLs based on the latest reasonable and supportable data to better reflect the current change in circumstances. Methods and approaches will continue to be monitored and updated if additional reasonable and supportable data and information are available; including forward-looking information and other input in the future. (e) Revenue (i) Critical judgements in determining the performance obligation, timing of revenue recognition and revenue classification The Group provides information technology services that are bespoke in nature. Bespoke products consist of various goods and/or services bundled together in order to provide integrated solution services to customers. In addition to the bespoke service, the Group also provides multiple standard products as bundling product in contract with customer. Significant judgement is required in determining the number and nature of performance obligations promised to customers in those contracts. The number and nature of performance obligations will determine the timing of revenue recognition for such contract. The Group reviews the determination of performance obligations on a contract-by-contract basis. When a contract consisting of several goods and/or service is assessed to have one performance obligation, the Group applies a single method of measuring progress for the performance obligation based on the measurement method that best depicts the economics of the contract, which in most cases is over time. The Group also presents the revenue classification using consistent approach. When a contract consisting of several goods and/or service is assessed to have one performance obligation, the Group presents that performance obligations in one financial statement line items which best represent the main service of the Group, which in most cases is the internet, data communication and information technology services. (ii) Critical judgements in determining the stand-alone selling price The Group provides wide array of products related to telecommunication and technology. To determine the stand-alone selling price for goods and/or services that do not have any readily available observable price, the Group uses the expected cost-plus margin approach. The Group determines the appropriate margin based on historical achievement. (f) Test for impairment of non-current assets and goodwill The application of the acquisition method in a business combination requires the use of accounting estimates in allocating the purchase price to the fair market value of the assets and liabilities acquired, including intangible assets. Certain business acquisitions by the Group resulted goodwill, which is not amortized but is tested for impairment annually and every indication of impairment exists. The calculation of future cash flows in determining the fair value of property and equipment and other non-current assets of the acquired entity at the acquisition date involves significant estimation. Although management believes that the assumptions used are appropriate, significant changes to those assumptions can materially affect the evaluation of recoverable amounts and may result in impairment according to IAS 36: Impairment of Assets. (g) Fair value measurement of financial instruments When the fair values of financial assets and financial liabilities recorded in the statement of financial position cannot be measured based on quoted prices in active markets, their fair value is measured using valuation techniques including the discounted cash flow (“DCF”) model. The inputs to these models are taken from observable markets where possible, but where this is not feasible, a degree of judgement is required in establishing fair values. Judgements include considerations of inputs such as liquidity risk, credit risk and volatility. Changes in assumptions relating to these factors could affect the reported fair value of financial instruments. (h) Acquisition The Group evaluates each acquisition transaction to determine whether it will be treated as an asset acquisition or business combination. For transactions that are treated as an asset acquisition, the purchase price is allocated to the assets obtained, without the recognition of goodwill. For acquisitions that meet the business combination definition, the Group applies the accounting for business acquisition method for assets acquired and liabilities assumed which are recorded at fair value at the acquisition date, and the results of operations are included with the Group's results from the date of each acquisition. Any excess from the purchase price paid for the amount recognized for assets acquired and liabilities incurred is recorded as goodwill. The Group continues to evaluate acquisitions that are counted as a business combination for a period not exceeding one year after the applicable acquisition date of each transaction to determine whether additional adjustments are needed to allocate the purchase price paid for the assets acquired and liabilities assumed. The fair value of assets acquired and liabilities incurred are usually determined using either an estimated replacement cost or a discounted cash flow valuation method. When determining the fair value of tangible assets acquired, the Group estimates the cost of replacing assets with new assets by considering factors such as the age, condition, and economic useful lives of the assets. When determining the fair value of the intangible assets obtained, the Group estimates the applicable discount rate and the time and amount of future cash flows, including the rates and terms for the extension and reduction. |
NEW ACCOUNTING STANDARDS AND INTERPRETATIONS NOT YET ADOPTED | Effective for annual periods beginning on or after January 1, 2023 ● Amendments to IAS 8, Definition of Accounting Estimates The amendments to clarify the definition of accounting estimates are monetary amounts in financial statements that are subject to measurement uncertainty. The effects on an accounting estimate of a change in an input or a change in a measurement technique are changes in accounting estimates unless they result from the correction of prior period errors. These amendments are not expected to have an impact to the Group’s consolidated financial position or performance. The Group intends to adopt these amendments in future periods when they become effective. ● Amendments to IAS 1, Disclosure of Accounting Policies The amendments to clarify entity shall disclose material accounting policy information. Accounting policy information is material if, when considered together with other information included in an entity’s financial statements, it can reasonably be expected to influence decisions that the primary users of general purpose financial statements make on the basis of those financial statements. These amendments are not expected to have an impact to the Group’s consolidated financial position or performance. The Group intends to adopt these amendments in future periods when they become effective. ● Amendments to IFRS 17, Insurance Contract, will be effective on January 1, 2023, are considered to be not applicable to the Group’s consolidated financial statements. ● Amendments to IAS 12, Deferred tax related to asset and liabilities arising from a single transaction The amendments introduce an exception to the initial recognition exemption. Applying this exception, an entity does not apply the initial recognition exemption for transactions that give rise to equal taxable and deductible temporary differences. These amendments are not expected to have an impact to the Group’s consolidated financial position or performance. The Group intends to adopt these amendments in future periods when they become effective. Effective for annual periods beginning on or after January 1, 2024 ● Amendments to IAS 1, Classification of Liabilities as Current or Non-current The amendments clarify the criteria for determining whether to classify a liability as current or non-current. Entity shall classify a liability as current when: - it expects to settle the liability in its normal operating cycle; - it holds the liability primarily for the purpose of trading; - the liability is due to be settled within twelve months after the reporting period; or - it does not have the right at the end of the reporting period to defer settlement of the liability for at least twelve months after the reporting period. An entity’s right to defer settlement of a liability arising from a loan arrangement for at least twelve months after the reporting period may be subject to the entity complying with conditions specified in that loan arrangement (‘covenants’). If an entity is required to comply with the covenant on or before the end of the reporting period. Such a covenant: a. affects whether the right exists at the end of the reporting period if an entity is required to comply with the covenant on or before the end of the reporting period. Such a covenant affects whether the right exists at the end of the reporting period even if compliance with the covenant is assessed only after the reporting period. b. do not affect whether that right exists at the end of the reporting period if an entity is required to comply with the covenant only after the reporting period. Classification of a liability is unaffected by the likelihood that the entity will exercise its right to defer settlement of the liability for at least twelve months after the reporting period. An entity has to disclose information in the notes that enables users of financial statements to understand the risk that non-current liabilities with covenants could become repayable within twelve months. These amendments are not expected to have an impact to the Group’s consolidated financial position or performance. The Group intends to adopt these amendments in future periods when they become effective. ● Amendments to IFRS 16, Lease liability in a sale and leaseback The amendment requires a seller-lessee to subsequently measure lease liabilities arising in a sale and leaseback transaction, to ensure the seller- lessee does not recognize any amount of the gain or loss that relates to the right of use it retains. These amendments are not expected to have an impact to the Group’s consolidated financial position or performance. The Group intends to adopt these amendments in future periods when they become effective. The effective date was postponed to a date yet to be determined ● Amendments to IFRS 10 and IAS 28, Sale or Contribution of Assets between an Investor and its Associate or Joint Venture The amendments provide guidance for accounting treatment when a parent loses control of a subsidiary in a transaction with an associate or joint venture. The amendments require full gain to be recognized when the assets transferred meet the definition of a “business” under IFRS 3, Business Combinations. These amendments are not expected to impact the Group’s consolidated financial position or performance. The Group intends to adopt these amendments in future periods when they become effective. |
GENERAL (Tables)
GENERAL (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
GENERAL | |
Summary of licenses | License License No. Type of service Grant date/latest renewal date License to operate internet telephone services for public purpose 127/KEP/DJPPI/ KOMINFO/3/2016 Internet telephone services for public purpose March 30, 2016 License to operate internet service provider 2176/KEP/M.KOMINFO/ 12/2016 Internet service provider December 30, 2016 License to operate content service provider 1040/KEP/M.KOMINFO/ 16/2017 Content service provider May 16, 2017 License for the implementation of internet interconnection services 1004/KEP/M.KOMINFO/ 2018 Internet interconnection services December 26, 2018 License to operate data communication system services 046/KEP/M.KOMINFO/ 02/2020 Data communication system services August 3, 2020 License to operate IPTV service provider 022/KEP/M.KOMINFO/ 02/2021 Multimedia IPTV service provider February 25, 2021 License of electronics money issuer and money transfer Bank Indonesia License 23/587/DKSP/Srt/B Electronics money and money transfer service July 1, 2021 License to operate fixed network long distance direct line 073/KEP/M.KOMINFO/ 02/2021 Fixed network long distance direct line August 23, 2021 License to operate fixed international network 082/KEP/M.KOMINFO/ 02/2021 Fixed international network October 8, 2021 License to operate fixed closed network 094/KEP/M.KOMINFO/ 02/2021 Fixed closed network December 9, 2021 License to operate circuit switched-based local fixed line network 095/KEP/M.KOMINFO/ 02/2021 Circuit switched-based and packet switched-based local fixed line network December 9, 2021 |
Summary of Boards of Commissioners and Directors | 20 21 2022 President Commissioner/ Bambang Permadi Bambang Permadi Commissioner Arya Mahendra Sinulingga Arya Mahendra Sinulingga Commissioner Rizal Mallarangeng Rizal Mallarangeng Commissioner Isa Rachmatarwata Isa Rachmatarwata Commissioner Ismail Ismail Commissioner Marcelino Rumambo Pandin Marcelino Rumambo Pandin Independent Commissioner Bono Daru Adji Bono Daru Adji Independent Commissioner Wawan Iriawan Wawan Iriawan Independent Commissioner Abdi Negara Nurdin Abdi Negara Nurdin President Director Ririek Adriansyah Ririek Adriansyah Director of Finance and Risk Management Heri Supriadi Heri Supriadi Director of Digital Business Muhamad Fajrin Rasyid Muhamad Fajrin Rasyid Director of Strategic Portfolio Budi Setyawan Wijaya Budi Setyawan Wijaya Director of Enterprise & Business Service* Edi Witjara F.M. Venusiana R. Director of Wholesale & International Services Bogi Witjaksono Bogi Witjaksono Director of Human Capital Management Afriwandi Afriwandi Director of Network & IT Solution Herlan Wijanarko Herlan Wijanarko Director of Consumer Service F.M. Venusiana R. F.M. Venusiana R. * On July 8, 2022, Mr. Edi Witjara was appointed as President Director of PT Industri Telekomunikasi Indonesia (Persero) and based on the Company's Board of Commissioners Letter No. 073/SRT/DK/2022 dated July 11, 2022, Mrs. F.M. Venusiana R. was appointed as Temporary Replacement Officer for Director of Enterprise & Business Service, whose term of service has been extended based on the Letter of the Company's Board of Commissioners No. 167/SRT/DK/2022 dated December 6, 2022 regarding the Extension of Term of Service for Mrs. F.M. Venusiana R. as Officer (PLT) for Director of Enterprise & Business Service. |
Summary of Audit Committee, Corporate Secretary, and Internal Audit | 2021 2022 Chairman Bono Daru Adji Bono Daru Adji Member Bambang Permadi Bambang Permadi Member Wawan Iriawan Wawan Iriawan Member Abdi Negara Nurdin Abdi Negara Nurdin Member Emmanuel Bambang Suyitno Emmanuel Bambang Suyitno Member Edy Sihotang Edy Sihotang Corporate Secretary* Andi Setiawan R. Achmad Faisal Internal Audit Harry Suseno Hadisoebroto Daru Mulyawan * On January 2, 2023, Mr. R. Achmad Faisal was replaced by Mr. Edwin Julianus Sebayang as Corporate Secretary. |
Summary of direct subsidiaries | Start year of operation Percentage of ownership* Total assets before elimination Subsidiary Nature of business commencement 2021 2022 2021 2022 PT Telekomunikasi Selular (" Telkomsel ") Mobile telecommunication networks and service 1995 65 65 100,113 100,085 PT Dayamitra Telekomunikasi Tbk. (" Mitratel ") Leasing of towers and other telecommunication services 1995 72 72 57,699 56,050 PT Multimedia Nusantara (" Metra ") Network telecommunication services and multimedia 1998 100 100 18,748 18,740 PT Telekomunikasi Indonesia International (“ Telin ”) International telecommunication and information services 1995 100 100 10,139 13,949 PT Sigma Cipta Caraka (" Sigma "), previously consolidated under Metra Consultation service of hardware, computer software, and data center 1988 100 100 5,054 8,491 PT Telkom Satelit Indonesia (" Telkomsat ") Telecommunication - provides satellite communication system and its related services and infrastructures 1996 100 100 5,511 6,463 PT Graha Sarana Duta (" GSD ") Developer, trade, service, and transportation 1982 100 100 5,881 5,845 PT Telkom Akses (" Telkom Akses ") Construction, service and trade in the field of telecommunication 2013 100 100 4,973 5,308 PT Telkom Data Ekosistem (" TDE "), previously was PT Sigma Tata Sadaya Data center 1996 100 100 3,411 3,189 PT Metra-Net (“ Metra-Net ”) Multimedia portal service 2009 100 100 1,640 1,731 PT Infrastruktur Telekomunikasi Indonesia (“ Telkom Infra ”) Construction, service and trading in the field of telecommunication 2014 100 100 1,259 1,360 PT PINS Indonesia (“ PINS ”) Telecommunication construction and services 1995 100 100 1,589 797 PT Napsindo Primatel Internasional (“ Napsindo ”) Telecommunication - provides Network Access Point ("NAP"), Voice Over Data ("VOD"), and other related services 1999; ceased operations on January 13, 2006 60 60 5 5 * Percentage of ownership amounting to 99.99% is presented with rounding of 100%. All direct subsidiaries are domiciled in Indonesia. |
Summary of immediate indirect subsidiaries | Start year of operation Percentage of ownership* Total assets before elimination Subsidiary Nature of business commencement 2021 2022 2021 2022 PT Metra Digital Investama (“ MDI ”) Trading service related to information and technology, multimedia, entertainment, and investment 2013 100 100 5,784 9,019 Telekomunikasi Indonesia International Pte. Ltd. (" Telin Singapore "), domiciled in Singapore Telecommunication and related services 2008 100 100 3,272 3,678 Telekomunikasi Indonesia International Ltd. (" Telin Hong Kong "), domiciled in Hong Kong Investment holding and telecommunication services 2010 100 100 2,998 2,981 PT Infomedia Nusantara (“ Infomedia ”) Data and information service - provides telecommunication information services and other information services in the form of print and electronic media and call center services 1984 100 100 2,350 2,267 PT Telkom Landmark Tower (“ TLT ”) Property development and management services 2012 55 55 2,139 2,100 PT Persada Sokka Tama (" PST ") Leasing of towers and other telecommunication services 2008 100 100 1,097 1,401 PT Finnet Indonesia (“ Finnet ”) Information technology services 2006 60 60 1,294 1,248 PT Nuon Digital Indonesia (" Nuon "), previously was PT Melon Indonesia Digital content exchange hub services 2010 100 100 1,187 1,199 PT Metra Digital Media (“ MD Media ”) Telecommunication information and other information services 2013 100 100 1,207 986 PT Telkomsel Mitra Inovasi (" TMI ") Business management consulting and investment services 2019 100 100 692 945 Telekomunikasi Indonesia International (TL) S.A. (“ Telkomcel ”), domiciled in Timor Leste Telecommunication networks, mobile, internet, and data services 2012 100 100 708 836 PT Telkomsel Ekosistem Digital (" TED ") Provides service related to information and technology, multimedia, entertainment, and investment 2021 100 100 197 807 PT Administrasi Medika (“ Ad Medika ”) Health insurance administration services 2002 100 100 543 632 TS Global Network Sdn. Bhd. (" TSGN "), domiciled in Malaysia Satellite services 1996 70 70 596 566 PT Swadharma Sarana Informatika (" SSI ") Cash replenishment services and ATM maintenance 2001 51 51 485 457 PT Digital Aplikasi Solusi (“ Digiserve” ) Communication system services 2014 100 100 389 384 Telekomunikasi Indonesia International Inc. (“ Telin USA ”), domiciled in USA Telecommunication and information services 2014 100 100 191 294 PT Nusantara Sukses Investasi (" NSI ") Service and trading 2014 100 100 313 289 PT Graha Yasa Selaras (“ GYS ”) Tourism service 2012 51 51 283 285 PT Nutech Integrasi (" Nutech ") System integrator service provider 2001 60 60 198 273 PT Graha Telkomsigma (" GTS ") Management and consultation services 1999 100 100 205 191 PT Collega Inti Pratama (" CIP ") Trading and services 2001 70 70 170 173 Telekomunikasi Indonesia Intl (Malaysia) Sdn. Bhd. (” Telin Malaysia ”), domiciled in Malaysia Telecommunication and information services 2013 70 70 27 125 PT Media Nusantara Data Global (" MNDG ") Consultation services 2012 55 55 119 116 PT Bosnet Distribution Indonesia (“ BDI ”) Trade and consultation services 2012 60 60 36 36 PT Metra TV (“ Metra TV ”) Subscription broadcasting services 2013 100 100 26 34 PT Pojok Celebes Mandiri (" PCM ") Travel agent services 2008 100 100 45 33 Telekomunikasi Indonesia International (Australia) Pty. Ltd. (“ Telin Australia ”), domiciled in Australia Telecommunication and information services 2013 100 100 34 33 PT Metraplasa (“ Metraplasa ”) Network and e-commerce services 2012 60 60 61 30 PT Teknologi Data Infrastruktur (“ TDI ”), previously was PT Satelit Multimedia Indonesia Telecommunication service and data centre 2013 100 100 10 7 * Percentage of ownership amounting to 99.99% is presented with rounding of 100%. |
Schedule of Non controlling ownership transactions | Proceeds from IPO of 28.13% ownership interests 18,463 Net assets attributable to non-controlling interests (9,375) Increase in equity attributable to parent company 9,088 |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Schedule of intangible assets except goodwill | Years Software 3-6 License 3-20 Other intangible assets 1-30 |
Schedule of property and equipment | Years Buildings 15-50 Leasehold improvements 2-15 Switching equipment 3-15 Telegraph, telex, and data communication equipment 5-15 Transmission installation and equipment 3-40 Satellite, earth station, and equipment 3-20 Cable network 5-25 Power supply 3-20 Data processing equipment 3-20 Vehicles 4-8 Other telecommunication peripherals 5 Office equipment 2-5 Other equipment 2-5 |
Schedule of estimated useful life of ROU assets | Years Land rights 1-50 Buildings 1-15 Transmission installation and equipment 3-25 Vehicles 4-8 Others 2-25 |
Schedule of disclosure of buy and sell rates used to translate monetary assets and liabilities denominated in foreign currency | 2021 2022 Buy Sell Buy Sell United States Dollar (“US$”) 1 14,250 14,255 15,567 15,571 Australian Dollar (“AU$”) 1 10,353 10,359 10,583 10,589 Singapore Dollar ("SGD") 1 10,555 10,561 11,614 11,622 New Taiwan Dollar ("TWD") 1 515.04 515.40 508.15 508.47 Euro ("EUR") 1 16,125 16,137 16,623 16,635 Japanese Yen ("JPY") 1 123.81 123.86 118.12 118.17 Malaysian Ringgit ("MYR") 1 3,420 3,424 3,529 3,539 Hong Kong Dollar (“HKD”) 1 1,828 1,828 1,996 1,997 |
CASH AND CASH EQUIVALENTS - N_2
CASH AND CASH EQUIVALENTS - NET (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
CASH AND CASH EQUIVALENTS - NET | |
Schedule of cash and cash equivalents | 2021 2022 Balance Balance Currency Rupiah Currency Rupiah Currency (in million) equivalent (in million) equivalent Cash on hand Rp — 12 — 11 Cash in bank Related parties PT Bank Mandiri (Persero) Tbk. (“Bank Mandiri”) Rp — 8,660 — 6,413 US$ 32 459 49 758 EUR 2 30 2 34 JPY 1 0 6 1 HKD 3 5 3 5 AU$ 0 0 0 0 PT Bank Negara Indonesia (Persero) Tbk. (“BNI”) Rp — 2,859 — 4,298 US$ 2 34 7 111 SGD 0 0 0 0 EUR 0 0 0 0 PT Bank Rakyat Indonesia (Persero) Tbk. (“BRI”) Rp — 6,035 — 2,691 US$ 0 6 11 179 PT Bank Tabungan Negara (Persero) Tbk. (“BTN”) Rp — 1,368 — 2,713 US$ 0 0 — — PT Bank Syariah Indonesia Tbk. (“BSI”) Rp — 37 — 229 US$ 0 0 0 0 Others (each below Rp100 billion) Rp — 113 — 128 Sub-total 19,606 17,560 Third parties PT Bank CIMB Niaga Tbk. (”Bank CIMB Niaga”) Rp — 570 — 1,379 US$ 5 74 0 5 The Hongkong and Shanghai Banking Corporation Ltd. ("HSBC Hongkong") US$ 44 628 55 861 HKD 23 42 5 10 PT Bank Permata Tbk. (“Bank Permata”) Rp — 2,326 — 412 Standard Chartered Bank (“SCB”) US$ 21 300 16 245 SGD 8 83 5 53 JPMorgan Chase & Co. US$ 7 96 9 140 Others (each below Rp100 billion) Rp — 429 — 278 US$ 6 90 8 130 TWD 46 23 58 29 MYR 6 19 5 17 AU$ 0 5 2 23 MMK — — 386 3 SGD 2 19 2 29 EUR 0 0 0 0 Sub-total 4,704 3,614 Total of cash in banks 24,310 21,174 Time deposits Related parties BTN Rp — 580 — 1,655 PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk. (“BJB”) Rp — 910 — 1,423 US$ 11 153 — — Bank Mandiri Rp — 604 — 843 US$ 31 441 31 489 BSI Rp — 210 — 1,220 BRI Rp — 544 — 845 US$ 47 675 21 319 BNI Rp — 6,739 — 378 US$ 43 610 9 145 Others (each below Rp100 billion) Rp — 28 — 25 Sub-total 11,494 7,342 Time deposits (continued) Third parties PT Bank Mega Tbk. (“Bank Mega”) Rp — 1,689 — 1,986 US$ 17 235 12 181 PT Bank Maybank Indonesia Tbk. (“Maybank”) Rp — 197 — 220 US$ 8 107 14 224 MYR 2 7 2 6 Bank CIMB Niaga Rp — 0 — 122 US$ — — 11 168 PT Bank Muamalat Indonesia Tbk. Rp — — — 295 PT Bank Danamon Indonesia Tbk. (“Bank Danamon”) Rp — 0 — 40 US$ — — 9 133 Others (each below Rp100 billion) Rp — 261 — 46 Sub-total 2,496 3,421 Total of time deposits 13,990 10,763 Allowance of credit expectation losses (1) (1) Total 38,311 31,947 |
Schedule of interest rates on time deposits | 2021 2022 Rupiah 1.25% ‑ 7.75% 1.95% ‑ 6.50% Foreign currency 0.20% ‑ 1.75% 0.25% ‑ 4.05% |
OTHER CURRENT FINANCIAL ASSET_2
OTHER CURRENT FINANCIAL ASSETS - NET (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
OTHER CURRENT FINANCIAL ASSETS - NET | |
Schedule of breakdown of other current financial assets | 2021 2022 Balance Balance Foreign currency Foreign currency Currency (in millions) Rupiah equivalent (in millions) Rupiah equivalent Time deposit Related parties BSI Rp — — — 100 Bank Mandiri Rp — 160 — 10 US$ 5 71 5 79 Others (each below Rp100 billion) Rp — 20 — 130 Third parties PT Bank UOB Indonesia ("UOB") US$ 3 44 12 182 SCB US$ — — 7 102 Others (each below Rp100 billion) Rp — 18 — 18 US$ 2 29 2 32 Total time deposits 342 653 Escrow accounts Rp — 43 — 383 US$ 1 21 2 30 Total escrow accounts 64 413 Mutual funds Related parties Others (each below Rp100 billion) Rp — 78 — 81 Third parties PT Henan Putihrai Asset Management ("HPAM") Rp — — — 200 Total mutual funds 78 281 Others (each below Rp100 billion) Rp — 9 — 0 US$ — — 0 2 MYR — — 0 0 Total others 9 2 Allowance for expected credit losses — (0) (0) Total 493 1,349 |
Schedule of interest rates on time deposits | 2021 2022 Rupiah 2.50% ‑ 3.75% 2.50% ‑ 5.00% Foreign currency 0.06% ‑ 0.50% 1.95% ‑ 5.06% |
TRADE AND OTHER RECEIVABLES -_2
TRADE AND OTHER RECEIVABLES - NET (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
TRADE AND OTHER RECEIVABLES - NET | |
Schedule of trade and other receivables | 2021 2022 Trade receivables 16,312 16,202 Allowance for expected credit losses (7,802) (7,568) Net 8,510 8,634 Other receivables 446 500 Allowance for expected credit losses (251) (239) Net 195 261 Total trade and other receivables 8,705 8,895 |
Schedule of trade receivables by debtor | (i) Related parties 2021 2022 State-owned enterprises 1,336 1,985 Government agencies 679 675 PT Indonusa Telemedia ("Indonusa") 439 385 PT Indosat Tbk. ("Indosat") 148 175 Others (each below Rp100 billion) 176 156 Total 2,778 3,376 Allowance for expected credit losses (1,400) (1,367) Net 1,378 2,009 (ii) Third parties 2021 2022 Individual and business subscribers 12,644 11,842 Overseas international carriers 890 984 Total 13,534 12,826 Allowance for expected credit losses (6,402) (6,201) Net 7,132 6,625 |
Schedule of trade receivables by age | (i) Related parties 2021 2022 Up to 3 months 1,319 1,841 3 to 6 months 238 267 More than 6 months 1,221 1,268 Total 2,778 3,376 Allowance for expected credit losses (1,400) (1,367) Net 1,378 2,009 (ii) Third parties 2021 2022 Up to 3 months 6,753 6,797 3 to 6 months 686 397 More than 6 months 6,095 5,632 Total 13,534 12,826 Allowance for expected credit losses (6,402) (6,201) Net 7,132 6,625 (iii) Aging of total trade receivables 2021 2022 Allowance for Expected Allowance for Expected expected credit credit expected credit credit Gross losses loss rate Gross losses loss rate Not past due 5,625 532 9.5 % 6,964 399 5.7 % Past due up to 3 months 2,447 328 13.4 % 1,674 349 20.8 % Past due more than 3 to 6 months 924 253 27.4 % 664 222 33.4 % Past due more than 6 months 7,316 6,689 91.4 % 6,900 6,598 95.6 % Total 16,312 7,802 16,202 7,568 |
Schedule of trade receivable by currency | (i) Related parties 2021 2022 Rupiah 2,777 3,369 U.S. Dollar 1 7 Total 2,778 3,376 Allowance for expected credit losses (1,400) (1,367) Net 1,378 2,009 (ii) Third parties 2021 2022 Rupiah 11,838 11,345 U.S. Dollar 1,606 1,352 Singapore Dollar 56 89 Others (each below Rp100 billion) 34 40 Total 13,534 12,826 Allowance for expected credit losses (6,402) (6,201) Net 7,132 6,625 |
Schedule of movements in allowance for expected credit losses | 2021 2022 Beginning balance 8,360 7,802 Allowance for expected credit losses 474 567 Receivables written off (1,032) (801) Ending balance 7,802 7,568 |
CONTRACT ASSETS - NET (Tables)
CONTRACT ASSETS - NET (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
CONTRACT ASSETS - NET | |
Schedule of contract assets | 2021 2022 Contract assets 2,588 2,610 Allowance for expected credit losses (115) (119) Net 2,473 2,491 Current portion (2,330) (2,457) Non-current portion 143 34 |
INVENTORIES - NET (Tables)
INVENTORIES - NET (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
INVENTORIES - NET | |
Schedule of inventories | 2021 2022 Components 578 588 SIM cards and prepaid vouchers 148 321 Others (each below Rp100 billion) 122 294 Total 848 1,203 Provision for obsolescence (69) (59) Net 779 1,144 |
OTHER CURRENT ASSETS (Tables)
OTHER CURRENT ASSETS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
OTHER CURRENT ASSETS | |
Schedule breakdown of other current assets | 2021 2022 Prepaid frequency license fees - current portion (Note 33c.i) 4,923 5,289 Advances 683 679 Prepaid salaries 185 218 Prepaid rental 170 105 Others (each below Rp100 billion) 401 469 Total 6,362 6,760 |
CONTRACT COSTS (Tables)
CONTRACT COSTS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
CONTRACT COSTS | |
Schedule of movement of contract costs | 2021 Cost to obtain Cost to fulfill Total At January 1, 2021 1,245 463 1,708 Addition current year 568 757 1,325 Amortization during the year (281) (488) (769) At December 31, 2021 1,532 732 2,264 Current (312) (344) (656) Non-current 1,220 388 1,608 2022 Cost to obtain Cost to fulfill Total At January 1, 2022 1,532 732 2,264 Addition current year 360 640 1,000 Amortization during the year (338) (514) (852) At December 31, 2022 1,554 858 2,412 Current (354) (317) (671) Non-current 1,200 541 1,741 |
LONG-TERM INVESTMENTS (Tables)
LONG-TERM INVESTMENTS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
LONG-TERM INVESTMENTS | |
Schedule of other non-current financial assets | 2021 2022 Financial instruments At fair value through profit or loss: Equity 12,962 7,624 Convertible bonds 681 884 At fair value through other comprehensive income: Equity 18 22 13,661 8,530 Associates PT Jalin Pembayaran Nusantara ("Jalin") 107 115 Others (each below Rp100 billion) 32 8 139 123 Total long-term investments 13,800 8,653 |
PROPERTY AND EQUIPMENT (Tables)
PROPERTY AND EQUIPMENT (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
PROPERTY AND EQUIPMENT. | |
Schedule of property and equipment | December 31, Reclassifications/ December 31, 2020 Additions Deductions Translations 2021 At cost: Directly acquired assets Buildings 16,137 197 (5) 967 17,296 Leasehold improvements 1,410 45 (35) 57 1,477 Switching equipment 17,506 1,112 (1,223) 929 18,324 Telegraph, telex, and data communication equipment 2,012 — — (429) 1,583 Transmission installation and equipment 159,196 3,829 (3,479) 6,075 165,621 Satellite, earth station, and equipment 10,423 359 (15) (239) 10,528 Cable network 60,796 8,722 (33) (1,926) 67,559 Power supply 20,988 303 (390) 1,134 22,035 Data processing equipment 17,663 250 (314) 1,659 19,258 Other telecommunication peripherals 7,513 1,646 — (38) 9,121 Office equipment 2,125 205 (57) 79 2,352 Vehicles 551 34 (43) (5) 537 Other equipment 68 6 — (27) 47 Property under construction 2,524 13,613 (29) (13,158) 2,950 Total 318,912 30,321 (5,623) (4,922) 338,688 Accumulated depreciation and impairment losses: Directly acquired assets Buildings 4,872 652 (2) 15 5,537 Leasehold improvements 1,061 132 (30) — 1,163 Switching equipment 11,621 1,871 (1,223) (44) 12,225 Telegraph, telex, and data communication equipment 1,582 — — — 1,582 Transmission installation and equipment 87,991 11,554 (3,227) (1,786) 94,532 Satellite, earth station, and equipment 4,412 743 (16) 60 5,199 Cable network 15,978 4,210 (11) (1,442) 18,735 Power supply 14,757 1,546 (383) (46) 15,874 Data processing equipment 12,780 1,708 (301) (57) 14,130 Other telecommunication peripherals 2,885 1,492 — (47) 4,330 Office equipment 1,574 357 (57) (8) 1,866 Vehicles 229 71 (26) (4) 270 Other equipment 47 4 — (11) 40 Total 159,789 24,340 (5,276) (3,370) 175,483 Net book value 159,123 163,205 December 31, Reclassifications/ December 31, 2021 Additions Deductions Translations 2022 At cost: Directly acquired assets Buildings 17,296 778 (1) 874 18,947 Leasehold improvements 1,477 80 (86) 100 1,571 Switching equipment 18,324 1,066 (130) 823 20,083 Telegraph, telex, and data communication equipment 1,583 — — — 1,583 Transmission installation and equipment 165,621 4,494 (9,501) 10,492 171,106 Satellite, earth station, and equipment 10,528 155 (5) 126 10,804 Cable network 67,559 7,807 (9) (662) 74,695 Power supply 22,035 433 (719) 1,527 23,276 Data processing equipment 19,258 877 (390) 1,209 20,954 Other telecommunication peripherals 9,121 1,261 — 20 10,402 Office equipment 2,352 157 (85) 201 2,625 Vehicles 537 100 (165) 133 605 Other equipment 47 2 (3) 5 51 Property under construction 2,950 16,936 — (15,288) 4,598 Total 338,688 34,146 (11,094) (440) 361,300 Accumulated depreciation and impairment losses: Directly acquired assets Buildings 5,537 632 (1) 60 6,228 Leasehold improvements 1,163 130 (86) — 1,207 Switching equipment 12,225 1,985 (127) 17 14,100 Telegraph, telex, and data communication equipment 1,582 — — — 1,582 Transmission installation and equipment 94,532 12,087 (9,362) 78 97,335 Satellite, earth station, and equipment 5,199 830 (5) 17 6,041 Cable network 18,735 4,388 (9) (604) 22,510 Power supply 15,874 1,699 (712) 29 16,890 Data processing equipment 14,130 1,806 (388) (58) 15,490 Other telecommunication peripherals 4,330 1,717 — 20 6,067 Office equipment 1,866 261 (79) 25 2,073 Vehicles 270 38 (135) 69 242 Other equipment 40 3 (2) 3 44 Total 175,483 25,576 (10,906) (344) 189,809 Net book value 163,205 171,491 |
Schedule of gain on sale of property and equipment | 2020 2021 2022 Proceeds from sale of property and equipment 236 756 526 Net book value (20) (36) (129) Gain on sale of property and equipment 216 720 397 |
RIGHT-OF-USE ASSETS (Tables)
RIGHT-OF-USE ASSETS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
RIGHT-OF-USE ASSETS | |
Schedule of carrying amounts of right of use assets | Transmission installation and Land rights Buildings equipment Vehicles Others Total As at January 1, 2021 5,407 539 12,187 536 435 19,104 Additions 1,001 461 4,406 83 91 6,042 Deductions and reclassifications (95) (39) (672) (13) (70) (889) Depreciation expense (975) (331) (3,182) (198) (318) (5,004) As at December 31, 2021 5,338 630 12,739 408 138 19,253 Additions 1,179 121 8,205 488 23 10,016 Deductions and reclassifications (178) (22) (2,122) (198) 8 (2,512) Depreciation expense (891) (187) (3,935) (178) (35) (5,226) As at December 31, 2022 5,448 542 14,887 520 134 21,531 |
Schedule of carrying amounts of the lease liabilities and the movements | 2021 2022 As at January 1 14,877 15,888 Accretion of interest 2,363 975 Additions (Note 36a) 4,234 10,006 Deductions (5,586) (8,396) As at December 31 15,888 18,473 Current maturities (5,525) (4,772) Non-current 10,363 13,701 |
Schedule of maturity analysis of lease payments | 2022 No later than a year 5,741 Later than 1 year and no later than 5 years 11,278 Later than 5 years 4,889 Total lease payments 21,908 Interest (3,435) Net present value of lease payments 18,473 Current maturities (4,772) Non-current 13,701 |
Schedule of Expenses Relating to Right of Use Assets | 2021 2022 Depreciation expense of right-of-use assets 5,004 5,226 Expense relating to short-term leases 5,251 3,821 Interest expense on lease liabilities 2,363 975 Expense relating to leases of low-value assets 57 52 |
OTHER NON-CURRENT ASSETS (Table
OTHER NON-CURRENT ASSETS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
OTHER NON-CURRENT ASSETS | |
Schedule of other non-current assets | 2021 2022 Prepaid frequency license fees - net of current portion (Note 33c.i) 1,572 1,291 Advances 868 781 Prepaid expenses 454 446 Claims for tax refund - net of current portion (Note 28b) 1,224 353 Prepaid taxes - net of current portion (Note 28a) 865 268 Security deposits 102 144 Others (each below Rp100 billion) 446 340 Total 5,531 3,623 |
INTANGIBLE ASSETS (Tables)
INTANGIBLE ASSETS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
INTANGIBLE ASSETS | |
Schedule of intangible assets | The details of intangible assets Other intangible Goodwill Software License assets Total Gross carrying amount: Balance, December 31, 2020 1,428 14,688 94 1,474 17,684 Additions 64 2,938 80 11 3,093 Deductions — (19) — — (19) Reclassifications/translations — (149) — 27 (122) Balance, December 31, 2021 1,492 17,458 174 1,512 20,636 Accumulated amortization and impairment losses: Balance, December 31, 2020 (117) (9,863) (94) (764) (10,838) Amortization — (1,828) (31) (143) (2,002) Impairment losses (277) — — — (277) Deductions — 11 — — 11 Reclassifications/translations — (34) — 10 (24) Balance, December 31, 2021 (394) (11,714) (125) (897) (13,130) Net book value 1,098 5,744 49 615 7,506 Other intangible Goodwill Software License assets Total Gross carrying amount: Balance, December 31, 2021 1,492 17,458 174 1,512 20,636 Additions — 2,527 440 49 3,016 Deductions — (175) — (70) (245) Reclassifications/translations — (31) 6 — (25) Balance, December 31, 2022 1,492 19,779 620 1,491 23,382 Accumulated amortization and impairment losses: Balance, December 31, 2021 (394) (11,714) (125) (897) (13,130) Amortization — (2,063) (26) (91) (2,180) Deductions — 175 — 70 245 Reclassifications/translations — (14) (1) — (15) Balance, December 31, 2022 (394) (13,616) (152) (918) (15,080) Net book value 1,098 6,163 468 573 8,302 (i) Goodwill resulted from the acquisition of Sigma (2008), Admedika (2010), data center PT Bina Data Mandiri ("BDM") (2012), Contact Centres Australia Pty. Ltd. (2014), MNDG (2015), Melon and PT Griya Silkindo Drajatmoerni ("GSDm") (2016), TSGN and Nutech (2017), SSI, CIP, and Telin Malaysia (2018), PST (2019), and Digiserve (2021) (Note 1e). (ii) As of December 31, 2021, the impairment of goodwill arising from the acquisition of Contact Centres Australia Pty. Ltd., SSI, and Telin Malaysia amounted to Rp 37 billion, Rp 179 billion, and Rp 61 billion, respectively. The impairment losses are presented as part of “Depreciation and amortization expenses” in the consolidated statements of profit or loss and other comprehensive income. (iii) The remaining amortization periods of software for the year ended December 2020, 2021, and 2022 ranges from 1 to 6 years , respectively. The amortization expense is presented as part of “Depreciation and amortization expenses” in the consolidated statements of profit or loss and other comprehensive income. (iv) As of December 31, 2021 and 2022, the cost of fully amortized intangible assets that are still utilized in operations amounted to Rp 7,910 billion and Rp 9,640 billion, respectively. |
TRADE AND OTHER PAYABLES (Table
TRADE AND OTHER PAYABLES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
TRADE AND OTHER PAYABLES | |
Schedule of trade and other payables | 2021 2022 Trade payables 17,170 18,457 Other payables 609 463 Total trade and other payables 17,779 18,920 |
Schedule of trade payables | 2021 2022 Related parties Radio frequency usage charges, concession fees, and Universal Service Obligation (“USO”) charges 1,329 1,342 Purchases of equipments, materials, and services 431 264 Payables to other telecommunication providers 112 169 Sub-total 1,872 1,775 Third parties Purchases of equipments, materials, and services 12,759 14,451 Payables to other telecommunication providers 2,539 2,231 Sub-total 15,298 16,682 Total 17,170 18,457 |
Schedule of trade payables by currency | 2021 2022 Rupiah 15,584 16,727 U.S. Dollar 1,506 1,636 Others 80 94 Total 17,170 18,457 |
ACCRUED EXPENSES (Tables)
ACCRUED EXPENSES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
ACCRUED EXPENSES | |
Schedule of accrued expenses | 2021 2022 Operation, maintenance, and telecommunication service 8,978 8,183 Salaries and benefits 4,180 4,014 General, administrative, and marketing expenses 2,583 3,067 Interest and bank charges 144 181 Total 15,885 15,445 |
CONTRACT LIABILITIES (Tables)
CONTRACT LIABILITIES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
CONTRACT LIABILITIES | |
Schedule of breakdown of contract liabilities, current | 2021 2022 Advances from customers for Mobile 4,155 3,577 Advances from customers for WIB 1,138 1,188 Advances from customers for Enterprise 1,161 1,126 Advances from customers for Consumer 185 233 Others (each below Rp100 billion) 156 171 Total 6,795 6,295 |
Schedule of breakdown of contract liabilities, non-current | 2021 2022 Advances from customers for Consumer 787 844 Advances from customers for WIB 457 700 Advances from customers for Enterprise 39 17 Total 1,283 1,561 |
SHORT-TERM BANK LOANS AND CUR_2
SHORT-TERM BANK LOANS AND CURRENT MATURITIES OF LONG-TERM LOANS AND OTHER BORROWINGS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
SHORT-TERM BANK LOANS AND CURRENT MATURITIES OF LONG-TERM BANK LOANS AND OTHER BORROWINGS | |
Schedule of short-term bank loans and current maturities of long-term borrowings | 2021 2022 Short-term bank loans 6,682 8,191 Current maturities of long-term borrowings 9,690 8,858 Total 16,372 17,049 |
Schedule of short-term bank loans | Outstanding Lenders 2021 2022 Related parties Bank Mandiri 550 3,483 BNI 1,028 979 Sub-total 1,578 4,462 Third parties PT Bank HSBC Indonesia ("HSBC") 1,937 1,836 MUFG Bank ("MUFG") 1,853 1,349 PT Bank DBS Indonesia ("DBS") 545 475 UOB 400 — PT Bank Central Asia ("BCA") 350 — Others (each below Rp100 billion) 19 69 Sub-total 5,104 3,729 Total 6,682 8,191 |
Schedule of short-term bank loans, other significant information | Total facility (in Interest rate per Borrower billions)* Maturity date Interest rate annum Security** Mandiri 2021 - 2022 Nutech, Mitratel 3,100 July 26, 2023 - Monthly 3.85% - 9.00% Trade receivables and property and equipment 2020 Finnet 500 April 28, 2023 Monthly 1 month JIBOR + 1.30% None BNI 2014 - 2017 GSD, Sigma a 350 November 7, 2023 - Monthly 7.90% - 8.50% Trade receivables and property and equipment 2017 - 2021 Metranet, Telkom Infra, Infomedia b 1,135 February 18, 2023 - Monthly 1 month JIBOR + Trade receivables HSBC 2014 Sigma c,e 400 November 17, 2023 Monthly Under BLR Trade receivables 2018 - 2019 Sigma d 2,250 January 31, 2023 - Monthly, Quarterly 1 month None MUFG Bank 2018 - 2022 Infomedia, Metra, GSD, Telkom Infra, Mitratel 2,430 June 21, 2023 - Monthly 1 month None DBS 2018 Telkom Infra, Infomedia 475 July 31, 2023 Monthly 1 month JIBOR + Trade receivables * ** a b c d e |
Schedule of current maturities of long-term borrowings | Notes 2021 2022 Two-step loans 20a 138 118 Bonds 20b 2,200 — Bank loans 20c 6,311 7,788 Other borrowings 20d 1,041 952 Total 9,690 8,858 |
LONG-TERM LOANS AND OTHER BOR_2
LONG-TERM LOANS AND OTHER BORROWINGS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Borrowings and other credit facilities | |
Schedule of long-term bank loans and borrowings | Notes 2021 2022 Two-step loans 20a 217 91 Bonds 20b 4,793 4,793 Bank loans 20c 29,745 22,085 Other borrowings 20d 1,564 362 Total 36,319 27,331 |
Schedule of principal payments | Year Notes Total 2024 2025 2026 2027 Thereafter Two-step loans 20a 91 91 — — — — Bonds 20b 4,793 — 2,098 — — 2,695 Bank loans 20c 22,085 6,720 5,785 4,226 2,167 3,187 Other borrowings 20d 362 362 — — — — Total 27,331 7,173 7,883 4,226 2,167 5,882 |
Two-step loans | |
Borrowings and other credit facilities | |
Schedule of long-term bank loans and borrowings | 2021 2022 Outstanding Outstanding Foreign currency Rupiah Foreign currency Rupiah Lenders Currency (in millions) equivalent (in millions) equivalent Overseas banks Yen 2,304 285 1,536 181 US$ 1 14 — — Rp — 56 28 Total 355 209 Current maturities (Note 19b) (138) (118) Long-term portion 217 91 |
Schedule of long-term loans and other borrowings, other significant information | 2021 2022 Outstanding Outstanding Foreign currency Rupiah Foreign currency Rupiah Lenders Currency (in millions) equivalent (in millions) equivalent Overseas banks Yen 2,304 285 1,536 181 US$ 1 14 — — Rp — 56 28 Total 355 209 Current maturities (Note 19b) (138) (118) Long-term portion 217 91 Principal payment Interest payment Interest rate per Lenders Currency schedule period annum Overseas banks Yen Semi-annually Semi-annually 2.95 % Rp Semi-annually Semi-annually 7.125 % |
Bonds | |
Borrowings and other credit facilities | |
Schedule of long-term bank loans and borrowings | Outstanding 2021 2022 2015 Series A 2,200 — Series B 2,100 2,100 Series C 1,200 1,200 Series D 1,500 1,500 Total 7,000 4,800 Unamortized debt issuance cost (7) (7) Total 6,993 4,793 Current maturities (Note 19b) (2,200) — Long-term portion 4,793 4,793 |
2015 Bonds | |
Borrowings and other credit facilities | |
Schedule of long-term loans and other borrowings, other significant information | Interest payment Interest rate Bonds Principal Issuer Listed on Issuance date Maturity date period per annum Series A 2,200 The Company IDX June 23, 2015 June 23, 2022 Quarterly 9.93 % Series B 2,100 The Company IDX June 23, 2015 June 23, 2025 Quarterly 10.25 % Series C 1,200 The Company IDX June 23, 2015 June 23, 2030 Quarterly 10.60 % Series D 1,500 The Company IDX June 23, 2015 June 23, 2045 Quarterly 11.00 % Total 7,000 |
Bank loans | |
Borrowings and other credit facilities | |
Schedule of long-term bank loans and borrowings | 2021 2022 Outstanding Outstanding Foreign Foreign currency Rupiah currency Rupiah Lenders Currency (in millions) equivalent (in millions) equivalent Related parties BNI Rp — 7,500 — 5,472 Bank Mandiri Rp — 7,374 — 4,381 BRI Rp — 2,223 — 1,409 BSI Rp — 533 — 22 Sub-total 17,630 11,284 Third parties BCA Rp — 8,651 — 9,757 Bank CIMB Niaga Rp — 194 — 2,221 US$ 0 5 4 61 DBS Rp — 3,887 — 1,500 Bank Permata Rp — 1,188 — 1,021 Bank of China Rp — 400 — 1,000 Syndication of banks Rp — 350 — 680 US$ 24 338 17 265 HSBC Rp — 750 — 750 MUFG Bank Rp — 1,972 — 500 Bank Danamon Rp — — — 455 UOB Singapore US$ 22 314 13 205 PT Bank ANZ Indonesia ("Bank ANZ") Rp — 286 — 198 Others (each below Rp100 billion) Rp — 152 — 60 MYR 11 36 10 34 Sub-total 18,523 18,707 Total 36,153 29,991 Unamortized debt issuance cost (97) (118) 36,056 29,873 Current maturities (Note 19b) (6,311) (7,788) Long-term portion 29,745 22,085 |
Schedule of long-term loans and other borrowings, other significant information | Current Total period Principal Interest facility payment payment payment Interest rate Borrower Currency (in billions)* (in billions)* schedule period per annum Security** BNI 2018 GSD Rp 182 32 2020 - 2024 Monthly 8.75% Trade receivables 2013 - 2021 The Company, GSD, TLT, Sigma, Mitratel Rp 8,175 1,384 2016 - 2033 Monthly, Quarterly 1 month JIBOR + 2.25%; Trade receivables and property and equipment Bank Mandiri 2017- 2020 The Company, GSD, Mitratel, Rp 6,693 1,128 2019 - 2027 Quarterly 3 months JIBOR + None Current Total period Principal Interest Interest facility payment payment payment rate per Borrower Currency (in billions)* (in billions)* schedule period annum Security** BRI 2017 - 2019 The Company Rp 2,500 455 2019 - 2026 Quarterly 3 months JIBOR + None BSI 2019 SSI Rp 55 11 2019 - 2024 Monthly 7.50% None BCA 2020 - 2021 The Company, Mitratel, PST, GSD Rp 15,986 2,880 2020 - 2030 Quarterly, 3 months JIBOR + Trade receivables and property and equipment Bank CIMB Niaga 2019 - 2022 GSD, PINS,Mitratel Rp 2,500 65 2020 - 2029 Quarterly 3 months JIBOR + 1.30% - 1.95% None 2021 - 2022 Telin US$ 0 — 2024 - 2030 Semi-annually 6 months SOFR + 1.82% None DBS 2021 Mitratel Rp 3,500 2,000 2023 - 2028 Semi-annually 3 months JIBOR + Property and equipment Bank Permata 2020 - 2021 Mitratel Rp 1,500 167 2021 - 2028 Semi-annually 3 months JIBOR + Property and equipment Bank of China 2019 Telkomsel Rp 1,000 900 2021 - 2023 Quarterly 1 month JIBOR + None Syndication of banks 2022 Mitratel Rp 2,500 — 2024 - 2030 Semi-annually 7.68% None 2018 Telin US$ 0 0 2019 - 2025 Semi-annually 6 months None HSBC 2021 Mitratel Rp 750 — 2023 - 2028 Semi-annually 3 months Property and equipment MUFG Bank 2021 Mitratel Rp 500 — 2022 - 2028 Quarterly 3 months None Bank Danamon 2022 Mitratel Rp 636 182 2022 - 2025 Quarterly 3 months None UOB Singapore 2018 Telin US$ 0 0 2019 - 2024 Semi-annually 6 months None ANZ 2015 GSD, PINS Rp 740 88 2020 - 2025 Quarterly 3 months JIBOR + None * ** Refer to Notes 6 and Notes 12 for details of trade receivables and property and equipment pledged as collaterals. Telkomsel has no collateral for its bank loans, or other credit facilities. The terms of the various agreements with Telkomsel’s lenders and financiers require compliance with a number of covenants and negative covenants as well as financial and other covenants, which include, among other things, certain restrictions on the amount of dividends and other profit distributions which could adversely affect Telkomsel’s capacity to comply with its obligation under the facility. The terms of the relevant agreements also contain default and cross default clauses. As of December 31, 2022 Telkomsel has complied with the above covenants. |
Other borrowings | |
Borrowings and other credit facilities | |
Schedule of long-term bank loans and borrowings | Outstanding Lenders 2021 2022 PT Sarana Multi Infrastruktur (Persero) 2,609 1,315 ("Sarana Multi Infrastruktur") (4) (1) Total 2,605 1,314 Current maturities (Note 19b) (1,041) (952) Long-term portion 1,564 362 |
Mitratel | PT Sarana Multi Infrastruktur | |
Borrowings and other credit facilities | |
Schedule of long-term loans and other borrowings, other significant information | Total facility Current period Principal payment Interest rate Borrower Currency (in billions) payment (in billions) schedule per annum Security Sarana Multi Infrastruktur November 14, 2018 The Company Rp 1,000 220 Semi-annually (2019 - 2023) 3 months JIBOR + 1.75% None March 29, 2019* The Company Rp 2,836 700 Semi-annually (2020 - 2024) 3 months JIBOR + 1.75% None March 29, 2019* Telkomsat Rp 164 23.5 Semi-annually (2020 - 2024) 3 months JIBOR + 1.75% None * |
NON-CONTROLLING INTERESTS (Tabl
NON-CONTROLLING INTERESTS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Noncontrolling Interests | |
Schedule of information about non-controlling interests | 2021 2022 Non-controlling interests in net assets of subsidiaries: Telkomsel 13,663 10,450 Mitratel 9,455 9,031 Others 423 370 Total 23,541 19,851 2020 2021 2022 Non-controlling interests in profit (loss) of subsidiaries: Telkomsel 8,849 9,183 6,476 Mitratel — 79 504 Others (11) (40) 4 Total 8,838 9,222 6,984 |
Telkomsel | |
Noncontrolling Interests | |
Schedule of summarized statements of financial position of subsidiaries | Telkomsel Mitratel 2021 2022 2021 2022 Current assets 12,288 16,290 21,303 7,886 Non-current assets 87,825 83,795 36,396 48,163 Current liabilities (31,316) (31,921) (6,480) (10,206) Non-current liabilities (29,757) (38,365) (17,605) (12,061) Total equity 39,040 29,799 33,614 33,782 Attributable to: Owners of the parent company 25,377 19,349 24,159 24,751 Non-controlling interests 13,663 10,450 9,455 9,031 |
Schedule of summarized statements of profit or loss and other comprehensive income of subsidiaries | Telkomsel Mitratel 2020 2021 2022 2021 2022 Revenues 87,103 87,506 89,039 6,870 7,729 Operation expenses (55,834) (52,356) (59,332) (4,123) (4,567) Other expenses – net 451 (1,980) (5,375) (820) (1,195) Profit before income tax 31,720 33,170 24,332 1,927 1,967 Income tax expense – net (6,436) (6,931) (5,805) (494) (175) Profit for the year 25,284 26,239 18,527 1,433 1,792 Other comprehensive income (loss) – net (1,054) (75) 145 8 (1) Total comprehensive income for the year 24,230 26,164 18,672 1,441 1,791 Attributable to non-controlling interests 8,849 9,183 6,476 79 504 Dividends paid to non-controlling interests 7,725 13,204 9,784 — 272 |
Schedule of summarized statements of cash flows of subsidiaries | Telkomsel Mitratel 2020 2021 2022 2021 2022 Operating 39,758 40,789 42,970 5,363 6,020 Investing (10,923) (12,943) (8,652) (12,597) (10,893) Financing (28,277) (34,239) (30,783) 25,851 (7,921) Net increase (decrease) in cash and cash equivalents 558 (6,393) 3,535 18,617 (12,794) |
CAPITAL STOCK (Tables)
CAPITAL STOCK (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
CAPITAL STOCK. | |
Schedule of details of capital stock | 2021 Percentage of Total paid-in Description Number of shares ownership capital Series A Dwiwarna share Government 1 0 0 Series B shares Government 51,602,353,559 52.09 2,580 The Bank of New York Mellon Corporation* 4,829,039,080 4.87 241 Directors (Note 1b): Ririek Adriansyah 1,156,955 0 0 Budi Setyawan Wijaya 275,000 0 0 Afriwandi 42,500 0 0 Herlan Wijanarko 42,500 0 0 Heri Supriadi 40,000 0 0 Edi Witjara 32,500 0 0 Public (individually less than 5%) 42,629,234,505 43.04 2,132 Total 99,062,216,600 100.00 4,953 2022 Percentage of Total paid-in Description Number of shares ownership capital Series A Dwiwarna share Government 1 0 0 Series B shares Government 51,602,353,559 52.09 2,580 The Bank of New York Mellon Corporation* 3,889,668,580 3.93 194 Directors (Note 1b): Ririek Adriansyah 1,156,955 0 0 Budi Setyawan Wijaya 275,000 0 0 Afriwandi 42,500 0 0 Herlan Wijanarko 42,500 0 0 Heri Supriadi 40,000 0 0 Commisioner (Note 1b): Arya Mahendra Sinulingga 87,500 0 0 Public (individually less than 5%) 43,568,550,005 43.98 2,179 Total 99,062,216,600 100.00 4,953 * The Bank of New York Mellon Corporation serves as the Depositary of the registered ADS holders for the Company’s ADSs. 1 ADS represents 100 Series B shares. |
REVENUES (Tables)
REVENUES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
REVENUES | |
Schedule of revenues | Consolidated 2020 Mobile Consumer Enterprise WIB Others revenue Telephone revenues Cellular 19,427 — — 83 — 19,510 Fixed lines — 1,072 838 190 — 2,100 Total telephone revenues 19,427 1,072 838 273 — 21,610 Interconnection revenues 410 — — 7,276 — 7,686 Data, internet, and information technology service revenues Cellular data and internet 59,502 — — — — 59,502 Internet, data communication, and information technology services — 13 8,066 1,665 — 9,744 SMS 4,377 — 440 — — 4,817 Others — 42 939 632 140 1,753 Total data, internet, and information technology service revenues 63,879 55 9,445 2,297 140 75,816 Network revenues 4 — 766 901 — 1,671 Indihome revenues — 19,827 2,387 — — 22,214 Other services Call center service — — 775 70 — 845 Manage service and terminal — — 1,292 1 — 1,293 E-health — — 549 — — 549 E-payment — — 475 — 24 499 Others — 51 1,189 393 354 1,987 Total other services — 51 4,280 464 378 5,173 Total revenues from contract with customer 83,720 21,005 17,716 11,211 518 134,170 Revenues from lessor transactions — — — 2,277 — 2,277 Total revenues 83,720 21,005 17,716 13,488 518 136,447 Adjustments and eliminations — (48) 13 13 (299) Total external revenues as reported in note operating segment 83,720 20,957 17,729 13,501 219 Consolidated 2021 Mobile Consumer Enterprise WIB Others revenue Telephone revenues Cellular 14,664 — — 73 — 14,737 Fixed lines — 896 649 185 — 1,730 Total telephone revenues 14,664 896 649 258 — 16,467 Interconnection revenues 368 — — 7,419 — 7,787 Data, internet, and information technology service revenues Cellular data and internet 64,500 — — — — 64,500 Internet, data communication, and information technology services — 240 7,976 2,056 — 10,272 SMS 4,728 — 26 — — 4,754 Others — — 1,596 922 180 2,698 Total data, internet, and information technology service revenues 69,228 240 9,598 2,978 180 82,224 Network revenues 4 — 1,087 789 — 1,880 Indihome revenues — 23,720 2,605 — — 26,325 Other services Call center service — — 1,012 69 — 1,081 Manage service and terminal — — 2,047 1 — 2,048 E-health — — 640 — — 640 E-payment 3 — 459 — 25 487 Others — 72 1,036 325 426 1,859 Total other services 3 72 5,194 395 451 6,115 Total revenues from contract with customer 84,267 24,928 19,133 11,839 631 140,798 Revenues from lessor transactions — — — 2,412 — 2,412 Total revenues 84,267 24,928 19,133 14,251 631 143,210 Adjustments and eliminations — 2 8 4 (426) Total external revenues as reported in note operating segment 84,267 24,930 19,141 14,255 205 Consolidated 2022 Mobile Consumer Enterprise WIB Others revenue Telephone revenues Cellular 11,905 — — 147 — 12,052 Fixed lines — 757 604 175 — 1,536 Total telephone revenues 11,905 757 604 322 — 13,588 Interconnection revenues 285 — — 8,187 — 8,472 Data, internet, and information technology service revenues Cellular data and internet 69,006 — — — — 69,006 Internet, data communication, and information technology services — 308 7,750 2,228 — 10,286 SMS 4,260 — 49 — — 4,309 Others 9 — 1,733 860 207 2,809 Total data, internet, and information technology service revenues 73,275 308 9,532 3,088 207 86,410 Network revenues 3 — 1,438 937 — 2,378 Indihome revenues — 25,232 2,788 — — 28,020 Other services Call center service — — 1,139 25 — 1,164 Manage service and terminal — — 1,156 1 — 1,157 E-health — — 729 — — 729 E-payment 20 — 454 — — 474 Others 5 52 1,309 280 664 2,310 Total other services 25 52 4,787 306 664 5,834 Total revenues from contract with customer 85,493 26,349 19,149 12,840 871 144,702 Revenues from lessor transactions — — — 2,604 — 2,604 Total revenues 85,493 26,349 19,149 15,444 871 147,306 Adjustments and eliminations — 5 12 (2) (632) Total external revenues as reported in note operating segment 85,493 26,354 19,161 15,442 239 |
PERSONNEL EXPENSES (Tables)
PERSONNEL EXPENSES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
PERSONNEL EXPENSES | |
Schedule of Personnel Expenses | 2020 2021 2022 Salaries and related benefits 8,272 8,661 9,360 Vacation pay, incentives, and other benefits 4,321 4,999 3,835 Pension and other post-employment benefits (Note 29) 1,449 1,680 1,585 LSA expense (Note 30) 290 153 92 Others 58 31 35 Total 14,390 15,524 14,907 |
OPERATION, MAINTENANCE, AND T_2
OPERATION, MAINTENANCE, AND TELECOMMUNICATION SERVICE EXPENSES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
OPERATION, MAINTENANCE, AND TELECOMMUNICATION SERVICE EXPENSES | |
Summary of operational maintenance, and telecommunication service expenses | 2020 2021 2022 Operation and maintenance 19,956 21,467 22,746 Radio frequency usage charges (Note 33c.i) 5,930 6,097 6,510 Leased lines and Customer Premises Equipment("CPE") 3,353 5,003 3,530 Concession fees and USO charges (Note 16) 2,411 2,472 2,601 Electricity, gas, and water 946 898 904 Cost of SIM cards, vouchers, and sales of peripherals (Note 8) 544 739 747 Project management 538 519 400 Vehicles rental and supporting facilities 378 305 343 Insurance 334 432 230 Others (each below Rp100 billion) 185 201 173 Total 34,575 38,133 38,184 |
GENERAL AND ADMINISTRATIVE EX_2
GENERAL AND ADMINISTRATIVE EXPENSES (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
GENERAL AND ADMINISTRATIVE EXPENSES | |
Schedule of general and administrative expenses | 2020 2021 2022 General expenses 1,805 2,043 2,259 Professional fees 981 789 1,097 Allowance for expected credit losses 2,344 477 563 Traveling 275 321 421 Training, education, and recruitment 308 284 371 Meeting 184 249 312 Social contribution 223 213 218 Collection expenses 193 212 173 Research and development 52 82 108 Others (each below Rp100 billion) 199 346 332 Total 6,564 5,016 5,854 |
TAXATION (Tables)
TAXATION (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
TAXATION | |
Schedule of prepaid income taxes | 2021 2022 The Company - Corporate income tax 500 19 Subsidiaries - Corporate income tax 662 581 Total 1,162 600 Current portion (297) (332) Non-current portion (Note 14) 865 268 |
Schedule of prepaid other taxes | 2021 2022 The Company: VAT 1,004 155 Article 21 - Individual income tax — 3 Article 22 - Withholding tax on goods delivery and imports — 1 Article 23 - Withholding tax on service delivery 81 97 Subsidiaries: VAT 2,635 1,561 Article 4(2) - Final tax 5 24 Article 23 - Withholding tax on service delivery 36 24 Total 3,761 1,865 Current portion (2,537) (1,512) Non-current portion (Note 14) 1,224 353 |
Schedule of current income tax liabilities | 2021 2022 The Company: Article 25 - Installment of corporate income tax 211 190 Article 29 - Corporate income tax 455 575 Subsidiaries: Article 25 - Installment of corporate income tax 24 260 Article 29 - Corporate income tax 919 1,782 Total 1,609 2,807 |
Schedule of other tax liabilities | 2021 2022 The Company: Income taxes Article 4(2) - Final tax 53 50 Article 21 - Individual income tax 97 79 Article 22 - Withholding tax on goods delivery and imports 8 7 Article 23 - Withholding tax on services 47 48 Article 26 - Withholding tax on non-resident income 3 5 VAT 505 244 VAT - Tax collector 409 286 Sub-total 1,122 719 Subsidiaries: Income taxes Article 4(2) - Final tax 214 287 Article 21 - Individual income tax 151 206 Article 22 - Withholding tax on goods delivery and imports 3 5 Article 23 - Withholding tax on services 65 68 Article 26 - Withholding tax on non-resident income 14 262 VAT 745 493 VAT - Tax collector — 525 Sub-total 1,192 1,846 Total 2,314 2,565 |
Schedule of components of consolidated income tax expense (benefit) | 2020 2021 2022 Current The Company 1,976 2,236 2,134 Subsidiaries 7,822 7,320 7,125 Sub-total 9,798 9,556 9,259 Deferred The Company 8 (614) (102) Subsidiaries (549) 698 (447) Sub-total (541) 84 (549) Net income tax expense 9,257 9,640 8,710 |
Schedule of net income tax expense | 2020 2021 2022 Estimated taxable income of the Company 10,140 11,593 11,039 Corporate Income Tax: Current corporate income tax expense: The Company 1,927 2,202 2,098 Subsidiaries 7,819 7,318 7,125 Current income tax expense of previous year: The Company 1 — — Final tax expense The Company 48 34 36 Subsidiaries 3 2 — Total income tax expense - current 9,798 9,556 9,259 Income tax expense (benefit) - deferred effect of temporary differences at enacted maximum tax rates The Company Net periodic pension and other post-employment benefits costs 179 (134) 25 Contract Cost (45) (17) (24) Leases (3) (1) (1) Realization of accrual of expenses and inventory write-off (provision for inventory obsolescence) 3 — (13) Amortization of (addition to) deferred installation fee (28) (64) (20) Allowance for expected credit losses (48) (71) 10 Provision for employee benefits (48) (111) 96 Valuation of long-term investment (11) — — Amortization of intangible assets, land rights and others (4) 1 (1) Depreciation and gain on disposal or sale of property and equipment 13 (217) (174) Net 8 (614) (102) Telkomsel Fair value measurement of other financial instruments — 549 (542) Leases 29 (84) 58 Allowance for expected credit losses (384) 103 35 Amortization of license (27) 28 (6) Net-periodic post-retirement health care benefit costs 0 — — Provision for employee benefits 84 (128) (33) Contract liabilities 9 (9) — Contract cost (27) 27 — Other financial instruments 65 1 234 Depreciation and gain on disposal or sale of property and equipment (324) 100 (178) Net (575) 587 (432) Subsidiaries - other - net 26 111 (15) Net income tax benefit - deferred (541) 84 (549) Income tax expense - net 9,257 9,640 8,710 |
Schedule of reconciliation of income tax expense | 2020 2021 2022 Profit before income tax consolidation 39,147 43,739 36,430 Less consolidated income subject to final tax - net (1,675) (2,378) (5,807) 37,472 41,361 30,623 Income tax expense calculated at the Company’s applicable statutory tax rate 7,120 7,859 5,818 Difference in applicable statutory tax rate for subsidiaries 898 1,067 699 Non-deductible expenses 370 (24) 1,994 Final income tax expense 51 36 36 Deferred tax adjustment 210 (230) (508) Unrecognized deferred tax 201 17 (61) Others 407 915 732 Net income tax expense 9,257 9,640 8,710 |
Schedule of deferred tax assets and liabilities | Deferred tax asset and liabilities (Charged) credited to in financial position profit or loss 2021 2022 2021 2022 The Company Allowance for expected credit losses 895 885 71 (10) Net periodic pension and other post-employment benefit costs 1,110 981 134 (25) Difference between accounting and tax bases of property and equipment 631 805 217 174 Provision for employee benefits 389 293 111 (96) Deferred installation fee 184 204 64 20 Land rights, intangible assets and others 22 23 (1) 1 Accrued expenses and provision for inventory obsolescence 72 85 — 13 Leases (4) (3) 1 1 Capitalization of contract cost (72) (48) 17 24 Total deferred tax assets 3,227 3,225 614 102 Telkomsel Provision for employee benefits 1,228 1,220 128 33 Allowance for expected credit losses 179 144 (103) (35) Other financial instruments 384 177 9 (207) Fair value measurement of financial instruments (549) (7) (549) 542 Difference between accounting and tax bases of property and equipment (333) (155) (100) 178 Leases (725) (774) 84 (58) License amortization (152) (146) (28) 6 Other financial instruments (65) (92) (27) (27) Deferred tax assets (liabilities) of Telkomsel - net (33) 367 (586) 432 Deferred tax assets of the other subsidiaries - net 597 777 146 171 Deferred tax liabilities of the other subsidiaries - net (825) (1,023) (258) (156) Deferred tax expense (income) (84) 549 Total deferred tax assets - net 3,824 4,369 Total deferred tax liabilities - net (858) (1,023) |
PENSION AND OTHER POST-EMPLOY_2
PENSION AND OTHER POST-EMPLOYMENT BENEFITS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
PENSION AND OTHER POST-EMPLOYMENT BENEFITS | |
Schedule of pension and other post-employment benefit liabilities | Notes 2021 2022 Pension benefit and other post-employment benefit obligations Pension benefit The Company - funded 29a.i.a Defined pension benefit obligation 29a.i.a.i 4,891 4,234 Additional pension benefit obligation 29a.i.a.ii — 44 The Company - unfunded 29a.i.b 613 522 Telkomsel 29a.ii 4,188 4,275 Others 3 — Projected pension benefit obligations 9,695 9,075 Net periodic post-employment health care benefit 29b 638 — Other post-employment benefit 29c 300 268 Long service employee benefit 29d 4 1 Obligation under the Labor Law 29e 926 928 Total 11,563 10,272 |
Schedule of net periodic pension benefit cost | Notes 2020 2021 2022 Pension benefit cost The Company - funded 29a.i.a Defined pension benefit obligation 29a.i.a.i 545 732 577 Additional pension benefit obligation 29a.i.a.ii — — 37 The Company - unfunded 29a.i.b 117 74 58 Telkomsel 29a.ii 142 331 596 Total periodic pension benefit cost 804 1,137 1,268 Net periodic post-employment health care benefit cost 25,29b 253 263 213 Other post-employment benefit cost 25,29c 81 23 25 Long service employee benefit cost 25,29d 53 3 1 Obligation under the Labor Law 25,29e 258 254 78 Total 1,449 1,680 1,585 |
Summary of amounts recognized in other comprehensive income (loss) | Notes 2020 2021 2022 Defined benefit plan actuarial gain (loss) The Company - funded 29a.i.a Defined pension benefit obligation 29a.i.a.i (2,942) 1,123 467 Additional pension benefit obligation 29a.i.a.ii — 0 (7) The Company - unfunded 29a.i.b 89 82 55 Telkomsel 29a.ii (1,554) (110) 218 Others 0 (3) 1 Post-employment health care benefit cost 29b (158) 1,032 851 Other post-employment benefit 29c (15) 2 14 Obligation under the Labor Law 29e 125 42 13 Sub-total (4,455) 2,168 1,612 Deferred tax effect at the applicable tax rates 28h 859 (213) (148) Defined benefit plan acturial gain (loss) - net of tax (3,596) 1,955 1,464 |
Schedule of changes in projected pension benefit obligations | Funded Post-employment Defined pension benefit obligation health care benefit The Company Telkomsel The Company Projected Projected Projected post-employment Post-employment pension Pension pension Pension health care health care benefit benefit benefit benefit benefit benefit obligations plan assets obligations plan assets obligation plan assets Total Balance, January 1, 2021 25,103 (19,546) 4,651 (799) 14,443 (13,036) 10,816 Service costs 269 — 84 — — — 353 Interest costs (income) 1,577 (1,223) 299 (52) 955 (860) 696 Plan administration cost — 60 — — — 168 228 Additional welfare benefits 80 — — — — — 80 Cost recognized in the consolidated statement of profit or loss 1,926 (1,163) 383 (52) 955 (692) 1,357 Actuarial (gain) loss on: Experience adjustments (340) — 324 — (105) — (121) Changes in demographic assumptions (1,122) — — — — — (1,122) Changes in financial assumptions — — (233) — (1,289) — (1,522) Return on plan assets (excluding amount included in net interest expense) — 339 — 19 — 362 720 Cost recognized in OCI (1,462) 339 91 19 (1,394) 362 (2,045) Employer’s contributions — (226) — — — — (226) Pension plan participants’ contributions 21 (21) — — — — — Benefits paid from plan assets (1,670) 1,670 — — (588) 588 — Benefits paid by employer (80) — (105) — — — (185) Balance, December 31, 2021 23,838 (18,947) 5,020 (832) 13,416 (12,778) 9,717 Projected pension benefit obligation at end of year 4,891 4,188 638 9,717 Funded Post-employment Defined pension benefit obligation health care benefit The Company Telkomsel The Company Projected Projected Projected post-employment Post-employment pension Pension pension Pension health care health care benefit benefit benefit benefit benefit benefit obligations plan assets obligations plan assets obligation plan assets Total Balance, January 1, 2022 23,838 (18,947) 5,020 (832) 13,416 (12,778) 9,717 Service costs 178 — 326 — — — 504 Interest costs (income) 1,635 (1,347) 328 (58) 982 (933) 607 Plan administration cost — 63 — — — 164 227 Additional welfare benefits 65 — — — — — 65 Cost recognized in the consolidated statement of profit or loss 1,878 (1,284) 654 (58) 982 (769) 1,403 Actuarial (gain) loss on: Experience adjustments (737) — (1) — (730) — (1,468) Changes in demographic assumptions — — (1) — — — (1) Changes in financial assumptions (30) — (67) — (136) — (233) Return on plan assets (excluding amount included in net interest expense) — 300 (186) 37 — (69) 82 Changes in asset ceiling — — — — — 84 84 Cost recognized in OCI (767) 300 (255) 37 (866) 15 (1,536) Employer’s contributions — (719) — — — — (719) Pension plan participants’ contributions 19 (19) — — — — — Benefits paid from plan assets (1,767) 1,767 (291) — — — (291) Benefits paid by employer (65) — — — (654) 654 (65) Balance, December 31, 2022 23,136 (18,902) 5,128 (853) 12,878 (12,878) 8,509 Projected pension benefit obligation at end of year 4,234 4,275 — 8,509 The Company The Company and its subsidiaries Other Additional post-employment Long service Obligations pension benefit benefit employee under Unfunded obligations obligations benefit the labor law Total Balance, January 1, 2020 1,479 — 366 — 690 2,535 Service costs 28 — 4 53 258 343 Interest costs 89 — 19 — — 108 Pas service cost — — 58 — — 58 Cost recognized in the consolidated statement of profit or loss 117 — 81 53 258 509 Fair value of pension plan assets at beginning of year — — — — — — Changes in asset ceiling — — — — — — Actuarial (gain) loss recognized in OCI (89) — 15 (52) 125 (1) Benefits paid by employer (545) — (95) — (296) (936) Balance, December 31, 2020 962 — 367 1 777 2,107 |
Schedule of the timing of benefits payments and weighted average duration of DBO | Expected Benefits Payment The Company Funded Post-employment Other post- Post-employment Defined pension Additional pension health care employment benefits Time Period benefit obligation benefit obligation Unfunded Telkomsel benefits benefits UUCK (Telkom) 2021 Within next 10 years 20,809 — 691 4,224 5,959 357 15 Within 10-20 years 23,096 — 92 10,849 6,697 121 14 Within 20-30 years 21,308 — 85 8,385 5,117 92 1 Within 30-40 years 16,537 — 17 901 2,025 5 — Within 40-50 years 3,965 — — — 259 — — Within 50-60 years 2,803 — — — 1 — — Within 60-70 years 16 — — — — — — Within 70-80 years — — — — — — — Weighted average duration of DBO 10.50 years 10.50 years 5.75 years 10.30 years 14.13 years 4.88 years 7.41 years 2022 Within next 10 years 21,232 40 705 5,111 8,092 324 59 Within 10-20 years 16,485 31 229 11,178 12,746 123 414 Within 20-30 years 10,414 18 430 7,827 12,019 83 497 Within 30-40 years 4,209 6 96 473 5,491 6 80 Within 40-50 years 882 1 — — 970 — — Within 50-60 years 77 — — — 59 — — Within 60-70 years 2 — — — 6 — — Within 70-80 years — — — — 1 — — Weighted average duration of DBO 8.48 years 8.48 years 5.52 years 9.45 years 12.40 years 4.62 years 11.69 years |
Schedule of change in discount rate and rate of compensation would have effect on DBO | Discount Rate Rate of Compensation 1% Increase 1% Decrease 1% Increase 1% Decrease Increase (decrease) in amounts Increase (decrease) in amounts Sensitivity 2021 Funded: Defined pension benefit obligation (2,040) 2,419 1,571 (1,439) Unfunded (27) 30 33 (30) Telkomsel (434) 465 455 (429) Post-employment health care benefits (1,605) 1,964 1,985 (1,686) Other post-employment benefits (13) 14 — — Post-employment benefits UUCK (Telkom) (1) 1 6 (3) 2022 Funded: Defined pension benefit obligation (1,948) 2,291 268 255 Unfunded (24) 27 29 (27) Telkomsel (430) 491 536 (477) Post-employment health care benefits (1,413) 1,703 1,629 1,380 Other post-employment benefits (12) 13 — — Post-employment benefits UUCK (Telkom) (8) 10 27 (24) |
Periodic pension benefit cost | Telkomsel | |
PENSION AND OTHER POST-EMPLOYMENT BENEFITS | |
Schedule of actuarial assumptions | 2020 2021 2022 Discount rate 6.50 % 7.00 % 7.15 % Rate of compensation increases 8.00 % 8.00 % 8.00 % Indonesian mortality table 2019 2019 2019 |
Periodic pension benefit cost | The company | Defined pension benefit obligation | |
PENSION AND OTHER POST-EMPLOYMENT BENEFITS | |
Summary of fair value of plan assets | 2021 2022 Quoted in Quoted in active market Unquoted active market Unquoted Cash and cash equivalents 762 — 1,320 — Equity instruments*: Financials 1,571 — 1,638 — Consumer non-cyclicals 558 — 505 — Basic material 300 — 271 — Infrastructures 838 — 639 — Energy 118 — 141 — Technology 43 — 89 — Industrials* 421 — 315 — Consumer cyclicals 112 — 115 — Properties and real estate 143 — 98 — Healthcare 202 — 208 — Transportation and logistic 16 — 8 — Equity-based mutual fund 321 — 410 — Fixed income instruments: Corporate bonds — 4,558 — 3,117 Government bonds 7,736 — 7,884 — Fixed income mutual funds 161 — — 122 Midterm notes — — — 100 Asset-backed securities — — — 30 Sukuk — — — 1,090 Non-public equity: Direct placement — 355 — 368 Property — 186 — 187 Others — 545 — 247 Total 13,302 5,644 13,641 5,261 |
Schedule of actuarial assumptions | 2020 2021 2022 Discount rate 6.50 % 7.00 % 7.25 % Rate of compensation increases 8.00 % 8.00 % 8.00 % Indonesian mortality table 2019 2019 2019 |
Periodic pension benefit cost | The company | Unfunded Pension | |
PENSION AND OTHER POST-EMPLOYMENT BENEFITS | |
Schedule of actuarial assumptions | 2020 2021 2022 Discount rate 5.25% - 6.50% 5.75% - 7.00% 7.00% - 7.25% Rate of compensation increases 6.10% - 8.00% 6.10% - 8.00% 6.10% - 8.00% Indonesian mortality table 2019 2019 2019 |
Post-employment health care benefit cost | |
PENSION AND OTHER POST-EMPLOYMENT BENEFITS | |
Summary of fair value of plan assets | 2021 2022 Quoted in Quoted in active market Unquoted active market Unquoted Cash and cash equivalents 527 — 1,085 — Equity instruments*: Financials 1,254 — 1,368 — Consumer non-cyclicals 100 — 114 — Basic material 256 — 264 — Infrastructures 574 — 598 — Energy 171 — 221 — Technology 24 — 63 — Industrials 274 — 185 — Consumer cyclicals 483 — 457 — Properties and real estate 93 — 95 — Healthcare 232 — 233 — Transportation and logistic 5 — 3 — Equity-based mutual funds 569 — 1,035 — Fixed income instruments: Government obligations — — 82 — Fixed income mutual funds 7,858 — 6,761 — Unlisted shares: Private placement — 358 — 398 Total 12,420 358 12,564 398 *Since January 25, 2021, the Jakarta Stock Industrial Classification (JASICA) has been officially replaced by the IDX Industrial Classification (IDX - IC) |
Schedule of actuarial assumptions | 2020 2021 2022 Discount rate 6.75 % 7.50 % 7.25 % Health care costs trend rate assumed for next year 7.00 % 7.00 % 7.00 % Ultimate health care costs trend rate 7.00 % 7.00 % 7.00 % Year that the rate reaches the ultimate trend rate 2020 2021 2022 Indonesian mortality table 2019 2019 2019 |
Other post-employment benefit cost | |
PENSION AND OTHER POST-EMPLOYMENT BENEFITS | |
Schedule of actuarial assumptions | 2020 2021 2022 Discount rate 5.00 % 6.25 % 6.75 % Indonesian mortality table 2019 2019 2019 |
Defined pension benefit plan | |
PENSION AND OTHER POST-EMPLOYMENT BENEFITS | |
Schedule of changes in projected pension benefit obligations | The Company The Company and its subsidiaries Other Additional post-employment Long service Obligations pension benefit benefit employee under Unfunded obligations obligations benefit the labor law Total Balance, January 1, 2020 1,479 — 366 — 690 2,535 Service costs 28 — 4 53 258 343 Interest costs 89 — 19 — — 108 Pas service cost — — 58 — — 58 Cost recognized in the consolidated statement of profit or loss 117 — 81 53 258 509 Fair value of pension plan assets at beginning of year — — — — — — Changes in asset ceiling — — — — — — Actuarial (gain) loss recognized in OCI (89) — 15 (52) 125 (1) Benefits paid by employer (545) — (95) — (296) (936) Balance, December 31, 2020 962 — 367 1 777 2,107 The following table presents the changes in projected pension benefit obligations, changes in pension benefit plan assets, funded status of the pension plan, and net amount recognized in the consolidated statements of financial position as of December 31, 2020, 2021 and 2022, under the defined benefit pension plan (continued): The Company The Company and its subsidiaries Other Additional post-employment Long service Obligations pension benefit benefit employee under Unfunded obligations obligations benefit the labor law Total Balance, January 1, 2021 962 — 367 1 777 2,107 Service costs 25 — 7 3 254 289 Interest costs 49 — 16 — — 65 Cost recognized in the consolidated statement of profit or loss 74 — 23 3 254 354 Fair value of pension plan assets at beginning of year — 6 — — — 6 Changes in asset ceiling — (6) — — — (6) Actuarial gain recognized in OCI (82) — (2) — (42) (126) Benefits paid by employer (341) — (88) — (63) (492) Balance, December 31, 2021 613 — 300 4 926 1,843 The Company The Company and its subsidiaries Other Additional post-employment Long service Obligations pension benefit benefit employee under Unfunded obligations obligations benefit the labor law Total Balance, January 1, 2022 613 — 300 4 926 1,843 Service costs 24 37 8 1 78 148 Interest costs 34 — 17 — — 51 Cost recognized in the consolidated statement of profit or loss 58 37 25 1 78 199 Actuarial (gain) loss recognized in OCI (55) 7 (14) — (13) (75) Benefits paid by employer (94) — (43) (4) (63) (204) Balance, December 31, 2022 522 44 268 1 928 1,763 |
Defined Contribution Other Benefit Program | The company | Additional pension benefit obligation | |
PENSION AND OTHER POST-EMPLOYMENT BENEFITS | |
Schedule of actuarial assumptions | 2020 2021 2022 Discount rate 8.00 % 7.00 % 7.25 % Indonesian mortality table 2019 2019 2019 |
RELATED PARTY TRANSACTIONS (Tab
RELATED PARTY TRANSACTIONS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
RELATED PARTY TRANSACTIONS | |
Schedule of nature of relationship with related parties | Related parties Nature of relationships parties Nature of accounts/ transactions The Government Ministry of Finance Majority stockholder Internet and data service revenues, other telecommunication service revenues, finance income, finance costs, and investment in financial instruments Government agencies Entities under common control Network service revenues, internet and data service revenues, other telecommunication revenues, life insurance expenses, press release expenses, customer education expenses, office building lease expenses, consultant expenses, training expenses, finance income, and purchase of property and equipments MoCI Entity under common control Concession fees, radio frequency usage charges, USO charges, telecommunication service revenues, and license expenses Indosat Entity under common control Interconnection revenues, leased lines revenues, satellite transponder usage revenues, interconnection expenses, telecommunication facilities usage expenses, operating and maintenance expenses, and usage of data communication network system expenses PT Pertamina (Persero) (“Pertamina”) Entity under common control Internet and data service revenues, and other telecommunication service revenues State-owned banks Entities under common control Finance income and finance costs Bank Mandiri Entity under common control Internet and data service revenues, other telecommunication service revenues, finance income, and finance costs BNI Entity under common control Internet and data service revenues, other telecommunication service revenues, finance income, and finance costs BRI Entity under common control Internet and data service revenues, other telecommunication service revenues, finance income, and finance costs BTN Entity under common control Internet and data service revenues, other telecommunication service revenues, and finance income PT Pegadaian (“Pegadaian”) Entity under common control Internet and data service revenues, and other telecommunication service revenues PT Kimia Farma (“Kimia Farma”) Entity under common control Internet and data service revenues, and other telecommunication service revenues PT Perkebunan Nusantara III (Persero) (“PTPN III”) Entity under common control Internet and data service revenues, and other telecommunication service revenues Related parties Nature of relationships parties Nature of accounts/ transactions PT Kereta Api Indonesia (“KAI”) Entity under common control Internet and data service revenues, and other telecommunication service revenues PT Perusahaan Listrik Negara (“PLN”) Entity under common control Internet and data service revenues, other telecommunication service revenues, and electricity expenses PT Asuransi Jasa Indonesia (“Jasindo”) Entity under common control Fixed assets insurance expenses and personal insurance expenses PT Industri Telekomunikasi Indonesia (Persero) (“INTI”) Entity under common control Purchase of property and equipments Bahana TCW Entity under common control Mutual funds Sarana Multi Infrastruktur Entity under common control Other borrowings and finance costs Omni Inovasi Indonesia Associated company Distribution of SIM cards and pulse reload voucher Finarya Associated company Marketing expenses and distribution of SIM cards and pulse reload voucher Padi UMKM Other related entity Operational and maintenance expenses, collection fees, training expenses, internal security expenses, research and development expenses, printing expenses, meeting expenses, general and other administrative expenses, promotion expenses, advertising expenses, sales fees, customer education expenses, and marketing expenses Directors Key management personnel Honorarium and facilities Commissioners Supervisory personnel Honorarium and facilities |
Schedule of significant transactions with related parties | 2020 2021 2022 % of total % of total % of total Amount revenues Amount revenues Amount revenues Revenues Majority Stockholder Ministry of Finance 184 0.13 212 0.15 199 0.14 Entities under common control Government Agencies 3,423 2.51 5,598 3.91 3,029 2.06 Indosat 1,034 0.76 1,056 0.74 1,923 1.31 MoCI 628 0.46 284 0.20 791 0.54 Pertamina 406 0.30 631 0.44 752 0.51 BNI 547 0.40 404 0.28 493 0.33 Bank Mandiri 191 0.14 212 0.15 180 0.12 Pegadaian 178 0.13 148 0.10 160 0.11 PLN 107 0.08 153 0.11 158 0.11 KAI 92 0.07 84 0.06 143 0.10 PTPN III 73 0.05 99 0.07 114 0.08 Kimia Farma 122 0.09 120 0.08 107 0.07 BRI 580 0.43 341 0.24 104 0.07 Others (each below Rp100 billion) 1,197 0.87 944 0.66 744 0.51 Sub-total 8,578 6.29 10,074 7.04 8,698 5.92 Associated companies 47 0.03 16 0.01 6 0.00 Other related entities 160 0.12 33 0.02 52 0.04 Total 8,969 6.57 10,335 7.22 8,955 6.10 2020 2021 2022 % of total % of total % of total Amount expenses Amount expenses Amount expenses Expenses Entities under common control MoCI 8,347 8.94 8,570 8.64 9,965 9.82 PLN 2,859 3.06 2,349 2.37 2,473 2.44 Indosat 563 0.60 467 0.47 537 0.53 Jasindo 255 0.27 385 0.39 296 0.29 Government agencies 121 0.13 114 0.11 179 0.18 Others (each below Rp100 billion) 191 0.20 208 0.21 229 0.23 Sub-total 12,336 13.20 12,093 12.19 13,679 13.49 Associated companies Finarya 198 0.21 125 0.13 110 0.11 Others (each below Rp100 billion) 607 0.65 344 0.35 37 0.04 Sub-total 805 0.86 469 0.48 147 0.15 Other related entities PADI UMKM — — 269 0.27 626 0.62 Others (each below Rp100 billion) 136 0.14 115 0.12 98 0.10 Sub-total 136 0.14 384 0.39 724 0.72 Total 13,277 14.20 12,946 13.06 14,550 14.36 2020 2021 2022 % of total % of total % of total Amount finance income Amount finance income Amount finance income Finance income Entities under common control State-owned banks 564 70.50 348 62.37 459 52.28 Government agencies 8 1.00 14 2.51 16 1.82 Total 572 71.50 362 64.88 475 54.10 2020 2021 2022 % of total % of total % of total Amount finance cost Amount finance cost Amount finance cost Finance cost Majority stockholder Ministry of Finance 25 0.54 17 0.39 10 0.25 Entities under common control State-owned banks 1,163 25.27 1,247 28.38 1,004 24.63 Sarana Multi Infrastruktur 313 6.80 192 4.37 109 2.67 Total 1,501 32.61 1,456 33.14 1,123 27.55 2020 2021 2022 % of total % of total % of total Amount revenues Amount revenues Amount revenue Distribution of SIM card and voucher Associated companies Omni Inovasi Indonesia 1,766 1.29 959 0.67 981 0.67 Finarya — — — — 141 0.10 Total 1,766 1.29 959 0.67 1,122 0.77 2021 2022 % of total % of total Amount property and equipment purchased Amount property and equipment purchased Purchase of property and equipments (Note 12) Entities under common control INTI 104 0.34 117 0.34 Others 309 1.02 5 0.01 Total 413 1.36 122 0.35 c. Balance of accounts with related parties 2021 2022 % of total % of total Amount assets Amount assets Cash and cash equivalents (Note 4) 31,100 11.26 24,902 9.06 Other current financial (Note 5) 329 0.12 400 0.15 Trade receivables - net (Note 6) 1,378 0.50 2,009 0.73 Contract assets Majority stockholder Ministry of Finance 7 0.00 24 0.01 Entities under common control Government agencies 389 0.14 295 0.11 Others (each below Rp100 billion) 394 0.14 273 0.10 Sub-total 783 0.28 568 0.21 Associated companies 1 0.00 1 0.00 Other related entities — — 1 0.00 Total 791 0.28 594 0.22 Other current asset Entities under common control MoCI 4,749 1.72 5,093 1.85 Others 49 0.02 96 0.03 Sub-total 4,798 1.74 5,189 1.88 Associated companies — — 2 0.00 Total 4,798 1.74 5,191 1.88 Other non-current asset Entities under common control MoCI 1,573 0.57 1,291 0.47 Others 25 0.01 16 0.01 Total 1,598 0.58 1,307 0.48 2021 2022 % of total % of total Amount liabilities Amount liabilities Trade payables (Note 16) Majority stockholder Ministry of Finance 8 0.01 0 0.00 Entities under common control MoCI 1,329 1.01 1,342 1.07 Indosat 144 0.11 140 0.11 Others (each below Rp100 billion) 386 0.29 237 0.19 Sub-total 1,859 1.41 1,719 1.37 Associated companies 5 0.00 13 0.01 Other related entities — — 43 0.03 Total 1,872 1.42 1,775 1.41 Accrued expenses Majority stockholder Government 3 0.00 1 0.00 Entities under common control PLN 81 0.06 57 0.05 State-owned banks 40 0.03 74 0.06 Others 7 0.01 2 0.00 Sub-total 128 0.10 133 0.11 Total 131 0.10 134 0.11 2021 2022 % of total % of total Amount liabilities Amount liabilities Contract liabilities Majority stockholder Government 19 0.01 34 0.03 Entities under common control Government agencies 295 0.23 328 0.26 MoCI 118 0.09 62 0.05 Others (each below Rp100 billion) 229 0.17 171 0.14 Sub-total 642 0.49 561 0.45 Associated companies 2 0.00 2 0.00 Other related entities 1 0.00 3 0.00 Total 664 0.50 600 0.48 Customer deposits 19 0.01 19 0.02 Short-term bank loans (Note 19) 1,578 1.20 4,462 3.55 Two-step loans (Note 20a) 355 0.27 209 0.17 Long-term bank loans (Note 20c) 17,630 13.46 11,284 8.97 Other borrowings (Note 20d) 2,605 1.99 1,314 1.04 |
Schedule of remuneration of the Board of Commissioners and key management personnel | 2020 2021 2022 % of total % of total % of total Amount expenses Amount expenses Amount expenses Board of Directors 263 0.28 347 0.35 401 0.40 Board of Commissioners 108 0.12 140 0.14 164 0.16 |
OPERATING SEGMENTS (Tables)
OPERATING SEGMENTS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
OPERATING SEGMENTS | |
Schedule of revenue and expenses between operating segments | 2020 Total Adjustment and Total Mobile Consumer Enterprise WIB Others segment elimination consolidated Segment results Revenues External revenues 83,720 20,957 17,729 13,501 219 136,126 321 136,447 Inter-segment revenues 3,297 1,148 18,591 16,139 1,550 40,725 (40,725) — Total segment revenues 87,017 22,105 36,320 29,640 1,769 176,851 (40,404) 136,447 Segment results 32,966 4,561 (544) 6,497 107 43,587 (4,440) 39,147 Other information Capital expenditures (9,520) (9,770) (5,178) (4,587) (12) (29,067) (212) (29,279) Depreciation and amortization (19,715) (3,990) (3,276) (5,069) (25) (32,075) 3,150 (28,925) Provision recognized in current year (83) (511) (1,390) (267) (8) (2,259) (85) (2,344) 2021 Total Adjustment and Total Mobile Consumer Enterprise WIB Others segment elimination consolidated Segment results Revenues External revenues 84,267 24,930 19,141 14,255 205 142,798 412 143,210 Inter-segment revenues 3,097 187 22,395 18,072 2,395 46,146 (46,146) — Total segment revenues 87,364 25,117 41,536 32,327 2,600 188,944 (45,734) 143,210 Segment results 34,435 5,894 (307) 9,192 199 49,413 (5,674) 43,739 Other information Capital expenditures (10,548) (10,444) (4,514) (4,756) (13) (30,275) (46) (30,321) Depreciation and amortization (20,333) (6,566) (3,909) (4,702) (20) (35,530) 3,816 (31,714) Provision recognized in current year (99) (285) (13) 5 (33) (425) (49) (474) 2022 Total Adjustment and Total Mobile Consumer Enterprise WIB Others segment elimination consolidated Segment result Revenues External revenues 85,493 26,354 19,161 15,442 239 146,689 617 147,306 Inter-segment revenues 3,344 195 24,646 19,658 2,486 50,329 (50,329) — Total segment revenues 88,837 26,549 43,807 35,100 2,725 197,018 (49,712) 147,306 Segment results 26,122 7,579 831 8,925 (1,063) 42,394 (5,964) 36,430 Other information Capital expenditures (12,343) (9,038) (5,983) (6,612) (5) (33,981) (165) (34,146) Depreciation and amortization (21,028) (6,738) (3,999) (5,805) (19) (37,589) 4,460 (33,129) Provision recognized in current year (128) (434) (45) 34 (5) (578) 11 (567) |
Schedule of revenue reconciliation | 2020 2021 2022 Total segment revenues 176,851 188,944 197,018 Revenue from other non-operating segments 336 412 617 Inter-segment elimination (40,725) (46,146) (50,329) IFRS reconciliation (15) — — Consolidated revenues 136,447 143,210 147,306 |
Schedule of segment result reconciliation | 2020 2021 2022 Total segment results 43,587 49,413 42,394 Loss from other non-operating segments (627) (1,237) (1,772) Adjustment and inter-segment elimination 545 (613) (1,041) Finance income 799 558 878 Finance cost (4,520) (4,365) (4,033) Share of loss of long-term investment in associates (246) (78) (87) Impairment of long-term investments in associates (763) — — IFRS reconciliation 372 61 91 Consolidated profit before income tax 39,147 43,739 36,430 c. Capital expenditure reconciliation |
Schedule of capital expenditure reconciliation | 2020 2021 2022 Total segment capital expenditure (29,067) (30,275) (33,981) Capital expenditure from other non-operating segments (369) (66) (175) IFRS reconciliation 157 20 10 Consolidated capital expenditure (29,279) (30,321) (34,146) d. Depreciation and amortization reconciliation |
Schedule of depreciation and amortization reconciliation | 2020 2021 2022 Total segment depreciation and amortization (32,075) (35,530) (37,589) Depreciation and amortization from other non-operating segments (259) (280) (263) Adjustment and inter-segment elimination 3,442 3,994 4,597 IFRS reconciliation (33) 102 126 Consolidated depreciation and amortization (28,925) (31,714) (33,129) e. Provision recognized in current year |
Schedule of provision recognized in current year | 2020 2021 2022 Total segment provision (2,259) (425) (578) Provision recognized from other non-operating segments (6) (3) (7) Adjustment and inter-segment elimination (97) (46) 18 IFRS reconciliation 18 — — Consolidated provision recognized in current year (2,344) (474) (567) |
Schedule of revenues information based on the location of the customers | 2020 2021 2022 External revenues Indonesia 130,082 136,482 139,983 Foreign countries 6,365 6,728 7,323 Total 136,447 143,210 147,306 |
Schedule of non-current operating assets by geographic area | 2021 2022 Non-current operating assets Indonesia 168,002 176,586 Foreign countries 2,709 3,207 Total 170,711 179,793 |
SIGNIFICANT COMMITMENTS AND A_2
SIGNIFICANT COMMITMENTS AND AGREEMENTS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
SIGNIFICANT COMMITMENTS AND AGREEMENTS | |
Schedule of significant agreements | Contracting parties Date of agreement Significant part of the agreement The Company and NEC Corporation May 12, 2016 - Procurement and Installation Agreement of Sistem Komunikasi Kabel Laut Telkomsel and PT Phincon September 12, 2019 - September 12, 2024 Development and Rollout Agreement ("DRA") and Technical Support Agreement ("TSA") Customer Relationship Management ("CRM") Solution System Integrator Telkomsel, PT Ericsson Indonesia, PT Huawei Tech Investment, and PT ZTE Indonesia February 1, 2021 - Procurement Agreement for Radio Ultimate Solution ("ROA") and TSA The Company and PT Mastersystem Infotama June 3, 2021 - April 6, 2023 Procurement and Installation Agreement of Expand IP Backbone Platform Cisco Telkomsel, PT Sempurna Global Pratama, PT Lintas Teknologi Indonesia, and PT Ericsson Indonesia September 1, 2021 - September 1, 2024 Procurement Agreement of Next Generation of Gateway GPRS Support Node ("GGSN") (Virtualized EPC) Telkomsel, Amdocs Software Solutions Limited Liability Company, and PT Application Solutions October 8, 2021 – October 8, 2024 Agreement of Online Charging System (“OCS”) and Service Control Points (“SCP”) System Solution Development Telkomsel and PT Application Solutions October 8, 2021 - October 8, 2024 TSA for OCS and SCP Telkomsat and Thales Alenia Space France ("TAS") October 28, 2021 - October 27, 2037 Procurement and Installation Agreement of HTS 113BT Satellite System Telkomsel and PT Ericsson Indonesia February 13, 2022 - February 12, 2025 Procurement Agreement for CS Core Solution ROA and TSA Telkomsel and PT Lintas Teknologi Indonesia February 13, 2022 - February 12, 2025 Procurement Agreement for CS Core Solution ROA and TSA Telkomsel and PT Huawei Tech Investment March 24, 2022 - March 24, 2025 Procurement Agreement for GGSN Telkomsat and Space Exploration Technologies Corporation ("SpaceX") April 19, 2022 - June 30, 2025 Procurement Agreement for Launch Service of HTS 113BT Satellite The Company and PT Lintas Teknologi Indonesia July 22, 2022 - March 19, 2023 Procurement and Installation Agreement of Nokia Dense wavelength-division multiplexing (”DWDM”) Platform |
Schedule of borrowings and other credit facilities | Lenders Total facility Maturity Currency Facility utilized BRI 500 March 14, 2022 Rp 294 BNI 500 March 31, 2022 Rp 129 Bank Mandiri 500 December 23, 2023 Rp 236 Total 1,500 659 Lenders Total facility Maturity Currency Facility utilized BRI 1,000 September 25, 2022 *) Rp 23 BNI 2,100 December 11, 2022 Rp 1,577 Total 3,100 1,600 |
Schedule of future minimum lease payments/ receivables | 2021 2022 Less than 1 year 3,095 2,582 1-5 years 6,922 8,354 More than 5 years 4,732 5,107 Total 14,749 16,043 |
FINANCIAL INSTRUMENTS (Tables)
FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
FINANCIAL INSTRUMENTS | |
Schedule of financial assets | 2021 2022 Amortized cost Cash and cash equivalents 38,311 31,947 Other current financial assets 415 1,268 Trade and other receivables 8,705 8,895 Other non-current assets 150 186 FVTPL Long-term investment in financial instruments 13,643 8,508 Other current financial assets 78 81 FVTOCI Long-term investment in financial instruments 18 22 Total financial assets 61,320 50,907 |
Schedule of financial liabilities | 2021 2022 Financial liabilities measured at amortized cost Trade and other payables 17,779 18,920 Accrued expenses 15,885 15,445 Customers deposits 401 44 Short-term bank loans 6,682 8,191 Two-step loans 355 209 Bonds 6,993 4,793 Long-term bank loans 36,056 29,873 Lease liabilities 15,888 18,473 Other borrowings 2,605 1,314 Other liabilities 126 170 Total financial liabilities 102,770 97,432 |
Schedule of fair values of financial assets and liabilities | Fair value measurement at reporting date using Quoted prices in active markets for Significant identical assets or Significant other unobservable liabilities observable inputs inputs 2021 Carrying value Fair value (level 1) (level 2) (level 3) FVTPL Other current financial assets 78 78 78 — — Long-term investment in financial instruments 13,643 13,643 — 8,899 4,744 FVTOCI Long-term investment in financial instruments 18 18 — — 18 Financial liabilities at amortized cost Interest-bearing loans and other borrowings: Two-step loans 355 351 — — 351 Bonds 6,993 8,019 8,019 — — Long-term bank loans 36,056 36,176 — — 36,176 Other borrowings 2,605 2,610 — — 2,610 Lease liabilities 15,888 15,888 — — 15,888 Other liabilities 126 126 — — 126 Total 75,762 76,909 8,097 8,899 59,913 The following table presents comparison of the carrying amounts and fair values of the Company’s financial instruments, other than those the fair values are considered to approximate their carrying amounts as the impact of discounting is not significant (continued): Fair value measurement at reporting date using Quoted prices in active markets for Significant identical assets or Significant other unobservable liabilities observable inputs inputs 2022 Carrying value Fair value (level 1) (level 2) (level 3) FVTPL Other current financial assets 81 81 81 — — Long-term investment in financial instruments 8,508 8,508 2,172 — 6,336 FVTOCI Long-term investment in financial instruments 22 22 — — 22 Financial liabilities at amortized cost Interest-bearing loans and other borrowings: Two-step loans 209 207 — — 207 Bonds 4,793 5,614 5,614 — — Long-term bank loans 29,873 29,860 — — 29,860 Other borrowings 1,314 1,311 — — 1,311 Lease liabilities 18,473 18,473 — — 18,473 Other liabilities 170 170 — — 170 Total 63,443 64,246 7,867 — 56,379 |
Schedule of reconciliation for items measured at fair value using significant unobservable inputs | 2021 2022 Beginning balance 1,962 4,762 Gain recognized in consolidated statement of: Profit or loss 936 313 Other comprehensive income — (31) Purchase/addition 2,068 1,338 Settlement/deduction (204) (24) Ending balance 4,762 6,358 |
Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [text block] | Significant Range Sensitivity Valuation unobservable (weighted of the input of Industry technique input average) fair value Subsidiaries investment Non-listed equity investment - technology OPM Backsolve method Volatility 30% - 93.99% 10% increase (decrease) in the percentage of volatility would result in an increase (decrease) Rp23 billion of the Investment value Exit timing 1.25 - 5 Years Increase (decrease) in 1 year exit timing would result in an increase (decrease) Rp 22 billion of the Investment value CoCos Equity Volatility 20% - 93.99% 10% increase (decrease) in the percentage of volatility would result in an increase (decrease) Rp13 billion of the Investment value Exit timing 1 - 6 Years Increase (decrease) in 1 year exit timing would result in an increase (decrease) Rp 10 billion of the Investment value Equity value/revenue multiple 2.36x -4.36x Increase in 1x of equity value/revenue multiple would result in an increase Rp3 billion of the Investment value Probability-weighted Method IPO Probability 30% - 40% 50% increase (decrease) in IPO probability would result in an increase (decrease) Rp4 billion of the Investment value Non-listed equity investment - credit rating agency Discounted cash flow Weighted Average Cost of Capital ("WACC") 12% - 22% 1% decrease (increase) in the percentage of WACC would result in an increase (decrease) Rp9 billion of the Investment value Terminal growth rate 1% - 5% 1% increase (decrease) in terminal growth rate would result in an increase (decrease) Rp6 billion of the Investment value Non-listed equity investment - telecommunication Discounted cash flow WACC 3.40% - 14.00% 0.5% decrease (increase) in WACC would result in an increase (decrease) Rp Terminal growth rate 1.5% - 3.2% 1% increase (decrease) in terminal growth rate would result in an increase (decrease) Rp3 billion of the Investment value Convertible bonds Non-listed equity investment - technology OPM Backsolve method Volatility 33.42% - 48.02% 10% increase (decrease) in the percentage of volatility would result in an increase (decrease) Rp2 billion of the Investment value Exit timing 3.25 - 3.33 Years Increase (decrease) in 1 year exit timing would result in an increase (decrease) Rp 2 billion of the Investment value |
Schedule of exposure to foreign currency risk | 2021 2022 U.S. Dollar Japanese Yen U.S. Dollar Japanese Yen (in billions) (in billions) (in billions) (in billions) Financial assets 1.36 0.00 0.78 0.01 Financial liabilities (0.21) (2.31) (0.19) (1.57) Net exposure 1.15 (2.31) 0.59 (1.56) |
Sensitivity analysis of foreign currencies | Equity/profit (loss) December 31, 2022 U.S. Dollar (1% strengthening) 92 Japanese Yen (5% strengthening) (9) |
Schedule of interest rate profile of interest-bearing financial instruments | 2021 2022 Fixed rate borrowings (24,944) (27,579) Variable rate borrowings (43,634) (35,274) |
Schedule of maximum exposure to credit risk of financial assets | 2021 2022 Cash and cash equivalents 38,311 31,947 Other current financial assets 493 1,349 Trade and other receivable, net 8,705 8,895 Other non-current assets 150 186 Total 47,659 42,377 |
Schedule of maturity profile of financial liabilities contractual undiscounted payments | Carrying Contractual 2026 and amount cash flows 2022 2023 2024 2025 thereafter 2021 Trade and other payables 17,779 (17,779) (17,779) — — — — Accrued expenses 15,885 (15,885) (15,885) — — — — Customer deposits 401 (401) (401) — — — — Short-term bank loans 6,682 (6,682) (6,682) — — — — Interest bearing loans: Two-step loans 355 (375) (150) (128) (97) — — Bonds 6,993 (12,821) (2,817) (507) (507) (2,500) (6,490) Long-term bank loans 36,056 (41,867) (8,228) (10,335) (7,492) (6,064) (9,748) Other borrowings 2,605 (2,801) (1,164) (1,115) (522) — — Lease liabilities 15,888 (15,979) (3,922) (3,414) (2,434) (1,813) (4,396) Other liabilities 126 (148) (11) (34) (34) (34) (35) Total 102,770 (114,738) (57,039) (15,533) (11,086) (10,411) (20,669) Carrying Contractual 2027 and amount cash flows 2023 2024 2025 2026 thereafter 2022 Trade and other payables 18,920 (18,920) (18,920) — — — — Accrued expenses 15,445 (15,445) (15,445) — — — — Customer deposits 44 (44) (44) — — — — Short-term bank loans 8,191 (8,191) (8,191) — — — — Interest bearing loans: Two-step loans 209 (216) (123) (93) — — — Bonds 4,793 (10,096) (509) (510) (2,574) (293) (6,210) Long-term bank loans 29,873 (36,301) (10,020) (8,346) (6,871) (4,874) (6,190) Other borrowings 1,314 (1,394) (1,027) (367) — — — Lease liabilities 18,473 (21,908) (5,741) (4,551) (2,766) (2,258) (6,592) Other liabilities 170 (196) (20) (44) (44) (44) (44) Total 97,432 (112,711) (60,040) (13,911) (12,255) (7,469) (19,036) |
CAPITAL MANAGEMENT (Tables)
CAPITAL MANAGEMENT (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
CAPITAL MANAGEMENT | |
Schedule of capital structure | 2021 2022 Amount Portion Amount Portion Short-term debts 6,682 3.51 % 8,191 4.26 % Long-term debts 61,897 32.54 % 54,662 28.46 % Total debts 68,579 36.05 % 62,853 32.72 % Equity attributable to owners of the parent company 121,631 63.95 % 129,224 67.28 % Total 190,210 100.00 % 192,077 100.00 % |
Schedule of debt-to-equity ratio | 2021 2022 Total interest-bearing debts 68,579 62,853 Less: cash and cash equivalents (38,311) (31,947) Net debts 30,268 30,906 Total equity attributable to owners of the parent company 121,631 129,224 Net debt-to-equity ratio 24.89 % 23.92 % |
SUPPLEMENTAL CASH FLOW INFORM_2
SUPPLEMENTAL CASH FLOW INFORMATION (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
SUPPLEMENTAL CASH FLOW INFORMATION | |
Schedule of non-cash investing activities | 2020 2021 2022 Acquisition of property and equipment: Credited to trade payables 5,175 5,723 4,662 Borrowing cost capitalization 160 52 79 Addition of right of uses assets: Credited to leases liabilities (Note 13) 4,308 4,234 10,006 Acquisition of intangible assets: Credited to trade payables 341 501 258 |
Schedule of changes in liabilities arising from financing activities | Non-cash changes Foreign January 1, exchange Other December 31, 2021 Cash flows movement New leases Changes 2021 Short-term bank loans 9,934 (3,252) — — — 6,682 Two step loans 568 (182) (31) — — 355 Bonds and notes payable 7,469 (478) — — 2 6,993 Long-term bank loans 28,229 7,827 13 — (13) 36,056 Other borrowings 3,645 (1,043) — — 3 2,605 Lease liabilities 14,877 (4,225) — 6,597 (1,362) 15,887 Total liabilities from financing activities 64,722 (1,353) (18) 6,597 (1,370) 68,578 Non-cash changes Foreign January 1, exchange Other December 31, 2022 Cash flows movement New leases Changes 2022 Short-term bank loans 6,682 1,510 (1) — — 8,191 Two step loans 355 (144) (2) — — 209 Bonds 6,993 (2,200) — — — 4,793 Long-term bank loans 36,056 (6,218) 55 — (20) 29,873 Other borrowings 2,605 (1,294) — — 3 1,314 Lease liabilities 15,887 (7,024) 60 10,006 (455) 18,474 Total liabilities from financing activities 68,578 (15,370) 112 10,006 (472) 62,854 |
GENERAL (Details)
GENERAL (Details) Rp in Billions | 12 Months Ended | |||||||
Jun. 02, 2022 IDR (Rp) shares | Jun. 16, 2015 | Aug. 09, 2014 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Jun. 23, 2015 IDR (Rp) | Aug. 29, 2014 AUD ($) | |
Share capital | ||||||||
Number of years in which overall evaluation of networks and services licenses is performed | 5 years | |||||||
Number of Series B shares in each ADS | 100 | 100 | 100 | |||||
Buyback shares, maximum amount | shares | 1,000 | |||||||
Stock Repurchase Program, Buyback Period | 3 months | |||||||
Buyback of shares exercised | shares | 885,200,000 | |||||||
Buyback of shares, value | Rp 681 | |||||||
Metra | Teltranet. | ||||||||
Share capital | ||||||||
Proportion of ownership interest in associate | 51% | |||||||
Equity interests of acquirer | $ | $ 1 | |||||||
Series A Bond | ||||||||
Share capital | ||||||||
Nominal amount | Rp 2,200 | |||||||
Debt instrument term | 7 years | |||||||
Series B Bond | ||||||||
Share capital | ||||||||
Nominal amount | 2,100 | |||||||
Debt instrument term | 10 years | |||||||
Series C Bond | ||||||||
Share capital | ||||||||
Nominal amount | 1,200 | |||||||
Debt instrument term | 15 years | |||||||
Series D Bond | ||||||||
Share capital | ||||||||
Nominal amount | Rp 1,500 | |||||||
Debt instrument term | 30 years |
GENERAL - Direct Subsidiaries (
GENERAL - Direct Subsidiaries (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | |||||
Apr. 19, 2022 | Dec. 27, 2021 | Nov. 12, 2021 | Nov. 10, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Telkomsel | ||||||
Direct/ Indirect subsidiaries | ||||||
Percentage of ownership interest | 65% | 65% | ||||
Total assets before elimination | Rp 100,085 | Rp 100,113 | ||||
Mitratel | ||||||
Direct/ Indirect subsidiaries | ||||||
Percentage of ownership interest | 71.87% | 99.99% | 72% | 72% | ||
Total assets before elimination | Rp 56,050 | Rp 57,699 | ||||
Metra | ||||||
Direct/ Indirect subsidiaries | ||||||
Percentage of ownership interest | 43.61% | 100% | 100% | |||
Total assets before elimination | Rp 18,740 | Rp 18,748 | ||||
TELIN | ||||||
Direct/ Indirect subsidiaries | ||||||
Percentage of ownership interest | 100% | 100% | ||||
Total assets before elimination | Rp 13,949 | Rp 10,139 | ||||
Sigma | ||||||
Direct/ Indirect subsidiaries | ||||||
Percentage of ownership interest | 56.39% | 0.11% | 100% | 100% | ||
Total assets before elimination | Rp 8,491 | Rp 5,054 | ||||
Telkomsat | ||||||
Direct/ Indirect subsidiaries | ||||||
Percentage of ownership interest | 100% | 100% | ||||
Total assets before elimination | Rp 6,463 | Rp 5,511 | ||||
GSD | ||||||
Direct/ Indirect subsidiaries | ||||||
Percentage of ownership interest | 100% | 100% | ||||
Total assets before elimination | Rp 5,845 | Rp 5,881 | ||||
Telkom Akses | ||||||
Direct/ Indirect subsidiaries | ||||||
Percentage of ownership interest | 100% | 100% | ||||
Total assets before elimination | Rp 5,308 | Rp 4,973 | ||||
TDE | ||||||
Direct/ Indirect subsidiaries | ||||||
Percentage of ownership interest | 100% | 100% | ||||
Total assets before elimination | Rp 3,189 | Rp 3,411 | ||||
MetraNet | ||||||
Direct/ Indirect subsidiaries | ||||||
Percentage of ownership interest | 100% | 100% | ||||
Total assets before elimination | Rp 1,731 | Rp 1,640 | ||||
Pt Infrastructure Telekomunikasi | ||||||
Direct/ Indirect subsidiaries | ||||||
Percentage of ownership interest | 100% | 100% | ||||
Total assets before elimination | Rp 1,360 | Rp 1,259 | ||||
PINS | ||||||
Direct/ Indirect subsidiaries | ||||||
Percentage of ownership interest | 100% | 100% | ||||
Total assets before elimination | Rp 797 | Rp 1,589 | ||||
Pt Napsindo Primatel International | ||||||
Direct/ Indirect subsidiaries | ||||||
Percentage of ownership interest | 60% | 60% | ||||
Total assets before elimination | Rp 5 | Rp 5 |
GENERAL - Indirect Subsidiaries
GENERAL - Indirect Subsidiaries (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | |||
Apr. 19, 2022 | Dec. 27, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
MDI | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 100% | 100% | ||
Total assets before elimination | Rp 9,019 | Rp 5,784 | ||
Telekomunikasi Indonesia International Pte. Ltd., Singapore | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 100% | 100% | ||
Total assets before elimination | Rp 3,678 | Rp 3,272 | ||
Telekomunikasi Indonesia International Ltd., Hong Kong | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 100% | 100% | ||
Total assets before elimination | Rp 2,981 | Rp 2,998 | ||
Infomedia | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 100% | 100% | ||
Total assets before elimination | Rp 2,267 | Rp 2,350 | ||
TLT | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 55% | 55% | ||
Total assets before elimination | Rp 2,100 | Rp 2,139 | ||
PST | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 100% | 100% | ||
Total assets before elimination | Rp 1,401 | Rp 1,097 | ||
Finnet | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 60% | 60% | ||
Total assets before elimination | Rp 1,248 | Rp 1,294 | ||
Nuon | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 100% | 100% | ||
Total assets before elimination | Rp 1,199 | Rp 1,187 | ||
MD Media | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 100% | 100% | ||
Total assets before elimination | Rp 986 | Rp 1,207 | ||
TMI | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 100% | 100% | ||
Total assets before elimination | Rp 945 | Rp 692 | ||
TSGN | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 70% | 70% | ||
Total assets before elimination | Rp 566 | Rp 596 | ||
SSI. | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 51% | 51% | ||
Total assets before elimination | Rp 457 | Rp 485 | ||
Sigma | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 56.39% | 0.11% | 100% | 100% |
Total assets before elimination | Rp 8,491 | Rp 5,054 | ||
TDE | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 100% | 100% | ||
Total assets before elimination | Rp 3,189 | Rp 3,411 | ||
Ad Medika | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 100% | 100% | ||
Total assets before elimination | Rp 632 | Rp 543 | ||
GYS | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 51% | 51% | ||
Total assets before elimination | Rp 285 | Rp 283 | ||
GTS | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 100% | 100% | ||
Total assets before elimination | Rp 191 | Rp 205 | ||
CIP | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 70% | 70% | ||
Total assets before elimination | Rp 173 | Rp 170 | ||
NSI | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 100% | 100% | ||
Total assets before elimination | Rp 289 | Rp 313 | ||
Metraplasa | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 60% | 60% | ||
Total assets before elimination | Rp 30 | Rp 61 | ||
Nutech | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 60% | 60% | ||
Total assets before elimination | Rp 273 | Rp 198 | ||
Telekomuni kasi Indonesia International Pty Ltd [Member] | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 100% | 100% | ||
Total assets before elimination | Rp 836 | Rp 708 | ||
Telin USA | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 100% | 100% | ||
Total assets before elimination | Rp 294 | Rp 191 | ||
Telin Malaysia | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 70% | 70% | ||
Total assets before elimination | Rp 125 | Rp 27 | ||
MNDG | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 55% | 55% | ||
Total assets before elimination | Rp 116 | Rp 119 | ||
BDI | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 60% | 60% | ||
Total assets before elimination | Rp 36 | Rp 36 | ||
Metra TV | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 100% | 100% | ||
Total assets before elimination | Rp 34 | Rp 26 | ||
PCM | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 100% | 100% | ||
Total assets before elimination | Rp 33 | Rp 45 | ||
Telekomunikasi Indonesia Intl (Telin Australia) | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 100% | 100% | ||
Total assets before elimination | Rp 33 | Rp 34 | ||
Pt Teknologi Data Infrastruktur (TDI) | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 100% | 100% | ||
Total assets before elimination | Rp 7 | Rp 10 | ||
PT Digital Aplikasi Solusi Member | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 100% | 100% | ||
Total assets before elimination | Rp 384 | Rp 389 | ||
PT Telkomsel Ekosistem Digital Member | ||||
Direct/ Indirect subsidiaries | ||||
Percentage of ownership interest | 100% | 100% | ||
Total assets before elimination | Rp 807 | Rp 197 |
GENERAL - Acquisition (Details)
GENERAL - Acquisition (Details) - IDR (Rp) Rp / shares in Units, Rp in Billions | 12 Months Ended | |||||||||
Apr. 19, 2022 | Dec. 27, 2021 | Dec. 16, 2021 | Nov. 15, 2021 | Nov. 12, 2021 | Nov. 10, 2021 | Aug. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 29, 2021 | |
Direct/ Indirect subsidiaries | ||||||||||
Proceeds from issue of ordinary shares | Rp 18,463 | |||||||||
Mitratel | ||||||||||
Direct/ Indirect subsidiaries | ||||||||||
Number of shares issued | 23,493,524,800 | |||||||||
Par value per share | Rp 228 | |||||||||
Ifrs Share Price | Rp 800 | |||||||||
Proceeds from issue of ordinary shares | Rp 18,463 | |||||||||
Proportion of ownership interest in subsidiary | 71.87% | 99.99% | 72% | 72% | ||||||
Increase (Decrease) in Non-controlling Interest | Rp (9,375) | |||||||||
Metra | ||||||||||
Direct/ Indirect subsidiaries | ||||||||||
Proportion of ownership interest in subsidiary | 43.61% | 100% | 100% | |||||||
Number of shares acquired | 13,115,477 | |||||||||
Percentage of ownership interest acquired | 49% | |||||||||
Goodwill | Rp 64 | |||||||||
TELIN | ||||||||||
Direct/ Indirect subsidiaries | ||||||||||
Proportion of ownership interest in subsidiary | 100% | 100% | ||||||||
MetraNet | ||||||||||
Direct/ Indirect subsidiaries | ||||||||||
Proportion of ownership interest in subsidiary | 100% | 100% | ||||||||
GSD | ||||||||||
Direct/ Indirect subsidiaries | ||||||||||
Proportion of ownership interest in subsidiary | 100% | 100% | ||||||||
TLT | ||||||||||
Direct/ Indirect subsidiaries | ||||||||||
Proportion of ownership interest in subsidiary | 55% | 55% | ||||||||
GYS | ||||||||||
Direct/ Indirect subsidiaries | ||||||||||
Proportion of ownership interest in subsidiary | 51% | 51% | ||||||||
Sigma | ||||||||||
Direct/ Indirect subsidiaries | ||||||||||
Proportion of ownership interest in subsidiary | 56.39% | 0.11% | 100% | 100% | ||||||
PST | ||||||||||
Direct/ Indirect subsidiaries | ||||||||||
Proportion of ownership interest in subsidiary | 100% | 100% | ||||||||
Telkomsel | ||||||||||
Direct/ Indirect subsidiaries | ||||||||||
Ifrs Share Price | Rp 91 | |||||||||
Proportion of ownership interest in subsidiary | 65% | 65% | ||||||||
PT Telkomsel Ekosistem Digital Member | ||||||||||
Direct/ Indirect subsidiaries | ||||||||||
Par value per share | Rp 1,000,000 | |||||||||
Proportion of ownership interest in subsidiary | 100% | 100% | ||||||||
Number of shares acquired | 196,989 | |||||||||
Number of shares outstanding | 197,000 | |||||||||
Fair value consideration transferred | Rp 197 | |||||||||
PT Sigma Tata Sadaya | ||||||||||
Direct/ Indirect subsidiaries | ||||||||||
Number of shares acquired | 2,106,465,158,910 | |||||||||
Cash consideration | Rp 1,250 | |||||||||
Other tangible or intangible assets transferred | Rp 856 | |||||||||
PT Sigma Tata Sadaya | PT Sigma Tata Sadaya | ||||||||||
Direct/ Indirect subsidiaries | ||||||||||
Proportion of ownership interest in subsidiary | 99.89% | |||||||||
PT Sigma Tata Sadaya | PT Sigma Tata Sadaya | Series B shares | ||||||||||
Direct/ Indirect subsidiaries | ||||||||||
Fair value consideration transferred | Rp 2,106 |
GENERAL - Non controlling Owner
GENERAL - Non controlling Ownership Transactions (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | ||
Nov. 15, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Direct/ Indirect subsidiaries | |||
Proceeeds from IPO of 28.13% ownership interest | Rp 18,463 | ||
Mitratel | |||
Direct/ Indirect subsidiaries | |||
Proceeeds from IPO of 28.13% ownership interest | Rp 18,463 | ||
Net assets attributable to NCI | (9,375) | ||
Increase in equity attributable to parent company | Rp 9,088 | ||
Proportion of ownership interests held by non-controlling interests | 28.13% | 28.15% | 28.13% |
SUMMARY OF SIGNIFICANT ACCOUN_4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Intangible assets (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Minimum | Software | |
Intangible assets | |
Estimated useful lives of intangible assets | 3 years |
Minimum | License | |
Intangible assets | |
Estimated useful lives of intangible assets | 3 years |
Minimum | Other intangible assets | |
Intangible assets | |
Estimated useful lives of intangible assets | 1 year |
Maximum | Software | |
Intangible assets | |
Estimated useful lives of intangible assets | 6 years |
Maximum | License | |
Intangible assets | |
Estimated useful lives of intangible assets | 20 years |
Maximum | Other intangible assets | |
Intangible assets | |
Estimated useful lives of intangible assets | 30 years |
SUMMARY OF SIGNIFICANT ACCOUN_5
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Property and equipment (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Buildings | Minimum | |
Property and equipment | |
Estimated useful lives of property and equipment | 15 years |
Buildings | Maximum | |
Property and equipment | |
Estimated useful lives of property and equipment | 50 years |
Leasehold improvements | Minimum | |
Property and equipment | |
Estimated useful lives of property and equipment | 2 years |
Leasehold improvements | Maximum | |
Property and equipment | |
Estimated useful lives of property and equipment | 15 years |
Switching equipment | Minimum | |
Property and equipment | |
Estimated useful lives of property and equipment | 3 years |
Switching equipment | Maximum | |
Property and equipment | |
Estimated useful lives of property and equipment | 15 years |
Telegraph, telex and data communication equipment | Minimum | |
Property and equipment | |
Estimated useful lives of property and equipment | 5 years |
Telegraph, telex and data communication equipment | Maximum | |
Property and equipment | |
Estimated useful lives of property and equipment | 15 years |
Transmission installation and equipment | Minimum | |
Property and equipment | |
Estimated useful lives of property and equipment | 3 years |
Transmission installation and equipment | Maximum | |
Property and equipment | |
Estimated useful lives of property and equipment | 40 years |
Satellite, earth station and equipment | Minimum | |
Property and equipment | |
Estimated useful lives of property and equipment | 3 years |
Satellite, earth station and equipment | Maximum | |
Property and equipment | |
Estimated useful lives of property and equipment | 20 years |
Cable network | Minimum | |
Property and equipment | |
Estimated useful lives of property and equipment | 5 years |
Cable network | Maximum | |
Property and equipment | |
Estimated useful lives of property and equipment | 25 years |
Power supply | Minimum | |
Property and equipment | |
Estimated useful lives of property and equipment | 3 years |
Power supply | Maximum | |
Property and equipment | |
Estimated useful lives of property and equipment | 20 years |
Data processing equipment | Minimum | |
Property and equipment | |
Estimated useful lives of property and equipment | 3 years |
Data processing equipment | Maximum | |
Property and equipment | |
Estimated useful lives of property and equipment | 20 years |
Vehicles | Minimum | |
Property and equipment | |
Estimated useful lives of property and equipment | 4 years |
Vehicles | Maximum | |
Property and equipment | |
Estimated useful lives of property and equipment | 8 years |
Other telecommunication peripherals | |
Property and equipment | |
Estimated useful lives of property and equipment | 5 years |
Office equipment | Minimum | |
Property and equipment | |
Estimated useful lives of property and equipment | 2 years |
Office equipment | Maximum | |
Property and equipment | |
Estimated useful lives of property and equipment | 5 years |
Other equipment | Minimum | |
Property and equipment | |
Estimated useful lives of property and equipment | 2 years |
Other equipment | Maximum | |
Property and equipment | |
Estimated useful lives of property and equipment | 5 years |
SUMMARY OF SIGNIFICANT ACCOUN_6
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Leases (Details) - 12 months ended Dec. 31, 2022 Rp in Millions | USD ($) | IDR (Rp) |
RIGHT-OF-USE ASSETS | ||
Low-value assets minimum value to recognize a lease | $ 5,000 | Rp 50 |
Minimum | ||
RIGHT-OF-USE ASSETS | ||
Lease Term | 1 year | |
Maximum | ||
RIGHT-OF-USE ASSETS | ||
Lease Term | 10 years | |
Land rights | Minimum | ||
RIGHT-OF-USE ASSETS | ||
Lease Term | 1 year | |
Land rights | Maximum | ||
RIGHT-OF-USE ASSETS | ||
Lease Term | 50 years | |
Buildings | Minimum | ||
RIGHT-OF-USE ASSETS | ||
Lease Term | 1 year | |
Buildings | Maximum | ||
RIGHT-OF-USE ASSETS | ||
Lease Term | 15 years | |
Transmission installation and equipment | Minimum | ||
RIGHT-OF-USE ASSETS | ||
Lease Term | 3 years | |
Transmission installation and equipment | Maximum | ||
RIGHT-OF-USE ASSETS | ||
Lease Term | 25 years | |
Vehicles | Minimum | ||
RIGHT-OF-USE ASSETS | ||
Lease Term | 4 years | |
Vehicles | Maximum | ||
RIGHT-OF-USE ASSETS | ||
Lease Term | 8 years | |
Other equipment | Minimum | ||
RIGHT-OF-USE ASSETS | ||
Lease Term | 2 years | |
Other equipment | Maximum | ||
RIGHT-OF-USE ASSETS | ||
Lease Term | 25 years |
SUMMARY OF SIGNIFICANT ACCOUN_7
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Foreign currency translations (Details) | Dec. 31, 2022 Rp / $ Rp / $ Rp / € Rp / $ Rp / $ Rp / ¥ Rp / $ Rp / RM | Dec. 31, 2021 Rp / RM Rp / $ Rp / ¥ Rp / $ Rp / $ Rp / $ Rp / $ Rp / € |
Buy | United States Dollar | ||
Foreign currency translations | ||
Foreign currency translations | 15,567 | 14,250 |
Buy | Australian Dollar | ||
Foreign currency translations | ||
Foreign currency translations | 10,583 | 10,353 |
Buy | Singapore Dollar | ||
Foreign currency translations | ||
Foreign currency translations | 11,614 | 10,555 |
Buy | New Taiwan Dollar | ||
Foreign currency translations | ||
Foreign currency translations | 508.15 | 515.04 |
Buy | Euro | ||
Foreign currency translations | ||
Foreign currency translations | Rp / € | 16,623 | 16,125 |
Buy | Japanese yen | ||
Foreign currency translations | ||
Foreign currency translations | Rp / ¥ | 118.12 | 123.81 |
Buy | Malaysian ringgit | ||
Foreign currency translations | ||
Foreign currency translations | Rp / RM | 3,529 | 3,420 |
Buy | Hong Kong Dollar | ||
Foreign currency translations | ||
Foreign currency translations | 1,996 | 1,828 |
Sell | United States Dollar | ||
Foreign currency translations | ||
Foreign currency translations | 15,571 | 14,255 |
Sell | Australian Dollar | ||
Foreign currency translations | ||
Foreign currency translations | 10,589 | 10,359 |
Sell | Singapore Dollar | ||
Foreign currency translations | ||
Foreign currency translations | 11,622 | 10,561 |
Sell | New Taiwan Dollar | ||
Foreign currency translations | ||
Foreign currency translations | 508.47 | 515.40 |
Sell | Euro | ||
Foreign currency translations | ||
Foreign currency translations | Rp / € | 16,635 | 16,137 |
Sell | Japanese yen | ||
Foreign currency translations | ||
Foreign currency translations | Rp / ¥ | 118.17 | 123.86 |
Sell | Malaysian ringgit | ||
Foreign currency translations | ||
Foreign currency translations | Rp / RM | 3,539 | 3,424 |
Sell | Hong Kong Dollar | ||
Foreign currency translations | ||
Foreign currency translations | 1,997 | 1,828 |
SUMMARY OF SIGNIFICANT ACCOUN_8
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Financial instruments (Details) | 12 Months Ended |
Dec. 31, 2022 item | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Number of stages for recognition of expected credit losses | 2 |
Period to trigger provision | 12 months |
Past due period for default | 90 days |
Past due period for significant increased risk | 30 days |
SUMMARY OF SIGNIFICANT ACCOUN_9
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Basic and diluted earnings per share and per ADS (Details) | 12 Months Ended |
Dec. 31, 2022 multiplier | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Multiplier used to compute income per ADS | 100 |
TRANSLATION OF INDONESIAN RUP_2
TRANSLATION OF INDONESIAN RUPIAH INTO UNITED STATES DOLLAR (Details) | 12 Months Ended |
Dec. 31, 2022 Rp / $ | |
TRANSLATION OF INDONESIAN RUPIAH INTO UNITED STATES DOLLAR | |
Average of market buy and sell rates | 15,569 |
CASH AND CASH EQUIVALENTS - N_3
CASH AND CASH EQUIVALENTS - NET - Breakdown of cash and cash equivalents by related parties and third parties (Details) € in Millions, ¥ in Millions, RM in Millions, $ in Millions, $ in Millions, $ in Millions, $ in Millions, Rp in Billions | Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 EUR (€) | Dec. 31, 2022 JPY (¥) | Dec. 31, 2022 HKD ($) | Dec. 31, 2022 AUD ($) | Dec. 31, 2022 TWD ($) | Dec. 31, 2022 MYR (RM) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2021 USD ($) | Dec. 31, 2021 EUR (€) | Dec. 31, 2021 JPY (¥) | Dec. 31, 2021 HKD ($) | Dec. 31, 2021 AUD ($) | Dec. 31, 2020 IDR (Rp) | Dec. 31, 2019 IDR (Rp) |
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | Rp 21,174 | Rp 24,310 | ||||||||||||||
Total cash and cash equivalents | 31,947 | $ 2,052 | 38,311 | $ 2,461 | Rp 20,589 | Rp 18,241 | ||||||||||
Gross or Cost | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Total cash and cash equivalents | 10,763 | 13,990 | ||||||||||||||
Allowance for expected credit losses | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Total cash and cash equivalents | 1 | 1 | ||||||||||||||
Rupiah | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash on hand | 11 | 12 | ||||||||||||||
Time deposits | 1,220 | 210 | ||||||||||||||
Hong Kong Dollar | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 3,614 | 4,704 | ||||||||||||||
Third parties | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Time deposits | 3,421 | 2,496 | ||||||||||||||
HSBC Hongkong and Shanghai | United States Dollar | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 861 | 55 | 628 | 44 | ||||||||||||
HSBC Hongkong and Shanghai | Hong Kong Dollar | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 10 | $ 5 | 42 | $ 23 | ||||||||||||
SCB | United States Dollar | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 245 | $ 16 | 300 | $ 21 | ||||||||||||
SCB | Singapore Dollar | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 53 | 5 | 83 | 8 | ||||||||||||
JPMorgan Chase & Co. | United States Dollar | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 140 | 9 | 96 | 7 | ||||||||||||
Bank Permata. | Rupiah | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 412 | 2,326 | ||||||||||||||
Bank Muamalat | Rupiah | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Time deposits | 295 | |||||||||||||||
Other (each below Rp100 billion) | Rupiah | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 278 | 429 | ||||||||||||||
Time deposits | 46 | 261 | ||||||||||||||
Other (each below Rp100 billion) | United States Dollar | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 130 | 8 | 90 | 6 | ||||||||||||
Other (each below Rp100 billion) | Australian Dollar | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 23 | $ 2 | 5 | |||||||||||||
Other (each below Rp100 billion) | Singapore Dollar | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 29 | 2 | 19 | 2 | ||||||||||||
Other (each below Rp100 billion) | New Taiwan Dollar | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 29 | 58 | 23 | 46 | ||||||||||||
Other (each below Rp100 billion) | Malaysian ringgit | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 17 | 5 | 19 | 6 | ||||||||||||
Other (each below Rp100 billion) | Myanmar (Burma), Kyats | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 3 | RM 386 | ||||||||||||||
Bank CIMB Niaga | Rupiah | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 1,379 | 570 | ||||||||||||||
Time deposits | 122 | 0 | ||||||||||||||
Bank CIMB Niaga | United States Dollar | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 5 | 0 | 74 | 5 | ||||||||||||
Time deposits | 168 | 11 | ||||||||||||||
Bank Mega | Rupiah | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Time deposits | 1,986 | 1,689 | ||||||||||||||
Bank Mega | United States Dollar | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Time deposits | 181 | 12 | 235 | 17 | ||||||||||||
Maybank | Rupiah | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Time deposits | 220 | 197 | ||||||||||||||
Maybank | United States Dollar | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Time deposits | 224 | 14 | 107 | 8 | ||||||||||||
Maybank | Malaysian ringgit | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Time deposits | 6 | RM 2 | 7 | 2 | ||||||||||||
Bank Danamon | Rupiah | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Time deposits | 40 | 0 | ||||||||||||||
Bank Danamon | United States Dollar | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Time deposits | 133 | 9 | ||||||||||||||
Related parties | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 17,560 | 19,606 | ||||||||||||||
Time deposits | 7,342 | 11,494 | ||||||||||||||
Bank Mandiri | Rupiah | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 6,413 | 8,660 | ||||||||||||||
Time deposits | 843 | 604 | ||||||||||||||
Bank Mandiri | United States Dollar | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 758 | 49 | 459 | 32 | ||||||||||||
Time deposits | 489 | 31 | 441 | 31 | ||||||||||||
Bank Mandiri | Japanese yen | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 1 | ¥ 6 | 0 | ¥ 1 | ||||||||||||
Bank Mandiri | Euro | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 34 | € 2 | 30 | € 2 | ||||||||||||
Bank Mandiri | Hong Kong Dollar | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 5 | $ 3 | 5 | $ 3 | ||||||||||||
Bank Mandiri | Australian Dollar | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 0 | 0 | 0 | 0 | ||||||||||||
BNI | Rupiah | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 4,298 | 2,859 | ||||||||||||||
Time deposits | 378 | 6,739 | ||||||||||||||
BNI | United States Dollar | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 111 | 7 | 34 | 2 | ||||||||||||
Time deposits | 145 | 9 | 610 | 43 | ||||||||||||
BNI | Euro | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 0 | $ 0 | 0 | 0 | ||||||||||||
BNI | Singapore Dollar | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 0 | 0 | 0 | 0 | ||||||||||||
BRI | Rupiah | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 2,691 | 6,035 | ||||||||||||||
Time deposits | 845 | 544 | ||||||||||||||
BRI | United States Dollar | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 179 | 11 | 6 | 0 | ||||||||||||
Time deposits | 319 | 21 | 675 | 47 | ||||||||||||
BTN | Rupiah | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 2,713 | 1,368 | ||||||||||||||
Time deposits | 1,655 | 580 | ||||||||||||||
BTN | United States Dollar | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 0 | 0 | ||||||||||||||
BJB | Rupiah | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Time deposits | 1,423 | 910 | ||||||||||||||
BJB | United States Dollar | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Time deposits | 153 | $ 11 | ||||||||||||||
BSI | Rupiah | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 229 | 37 | ||||||||||||||
BSI | United States Dollar | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 0 | $ 0 | 0 | $ 0 | ||||||||||||
Others related entities | Rupiah | ||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||
Cash in banks | 128 | 113 | ||||||||||||||
Time deposits | Rp 25 | Rp 28 |
CASH AND CASH EQUIVALENTS - N_4
CASH AND CASH EQUIVALENTS - NET - Interest Rates on Cash and Cash Equivalents (Details) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Rupiah | Minimum | ||
CASH AND CASH EQUIVALENTS | ||
Interest rate on time deposits | 1.95% | 1.25% |
Rupiah | Maximum | ||
CASH AND CASH EQUIVALENTS | ||
Interest rate on time deposits | 6.50% | 7.75% |
Foreign currency | Minimum | ||
CASH AND CASH EQUIVALENTS | ||
Interest rate on time deposits | 0.25% | 0.20% |
Foreign currency | Maximum | ||
CASH AND CASH EQUIVALENTS | ||
Interest rate on time deposits | 4.05% | 1.75% |
OTHER CURRENT FINANCIAL ASSET_3
OTHER CURRENT FINANCIAL ASSETS - NET - Breakdown of other current financial assets by related parties and third parties (Details) $ in Millions, Rp in Billions | Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2021 USD ($) |
OTHER CURRENT FINANCIAL ASSETS | ||||
Total time deposits | Rp 653 | Rp 342 | ||
Escrow accounts | 413 | 64 | ||
Mutual funds | 281 | 78 | ||
Others | 2 | 9 | ||
Total other current financial assets | 1,349 | $ 87 | 493 | |
Allowance for expected credit losses | ||||
OTHER CURRENT FINANCIAL ASSETS | ||||
Total other current financial assets | 0 | 0 | ||
Rupiah | ||||
OTHER CURRENT FINANCIAL ASSETS | ||||
Escrow accounts | 383 | 43 | ||
Rupiah | Other (each below Rp100 billion) | ||||
OTHER CURRENT FINANCIAL ASSETS | ||||
Total time deposits | 18 | 18 | ||
Mutual funds | 81 | 78 | ||
Others | 0 | 9 | ||
United States Dollar | ||||
OTHER CURRENT FINANCIAL ASSETS | ||||
Escrow accounts | 30 | 2 | 21 | $ 1 |
United States Dollar | SCB | ||||
OTHER CURRENT FINANCIAL ASSETS | ||||
Total time deposits | 102 | 7 | ||
United States Dollar | PT Bank UOB Indonesia ("UOB") | ||||
OTHER CURRENT FINANCIAL ASSETS | ||||
Total time deposits | 182 | 12 | 44 | 3 |
United States Dollar | Other (each below Rp100 billion) | ||||
OTHER CURRENT FINANCIAL ASSETS | ||||
Total time deposits | 32 | 2 | 29 | 2 |
Others | 2 | 0 | ||
Malaysian ringgit | Other (each below Rp100 billion) | ||||
OTHER CURRENT FINANCIAL ASSETS | ||||
Others | 0 | 0 | ||
BSI | Rupiah | ||||
OTHER CURRENT FINANCIAL ASSETS | ||||
Total time deposits | 100 | |||
Bank Mandiri | Rupiah | ||||
OTHER CURRENT FINANCIAL ASSETS | ||||
Total time deposits | 10 | 160 | ||
Bank Mandiri | United States Dollar | ||||
OTHER CURRENT FINANCIAL ASSETS | ||||
Total time deposits | 79 | $ 5 | 71 | $ 5 |
PT Henan Putihrai Asset Management ("HPAM") | Rupiah | ||||
OTHER CURRENT FINANCIAL ASSETS | ||||
Mutual funds | 200 | |||
Others related entities | Rupiah | ||||
OTHER CURRENT FINANCIAL ASSETS | ||||
Total time deposits | Rp 130 | Rp 20 |
OTHER CURRENT FINANCIAL ASSET_4
OTHER CURRENT FINANCIAL ASSETS - NET - Schedule of interest rates on maturities of time deposits (Details) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Minimum | Rupiah | ||
OTHER CURRENT FINANCIAL ASSETS | ||
Interest rate of time deposits with maturities greater than three months | 2.50% | 2.50% |
Minimum | Foreign currency | ||
OTHER CURRENT FINANCIAL ASSETS | ||
Interest rate of time deposits with maturities greater than three months | 1.95% | 0.06% |
Maximum | Rupiah | ||
OTHER CURRENT FINANCIAL ASSETS | ||
Interest rate of time deposits with maturities greater than three months | 5% | 3.75% |
Maximum | Foreign currency | ||
OTHER CURRENT FINANCIAL ASSETS | ||
Interest rate of time deposits with maturities greater than three months | 5.06% | 0.50% |
TRADE AND OTHER RECEIVABLES -_3
TRADE AND OTHER RECEIVABLES - NET (Details) $ in Millions, Rp in Billions | Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) |
Trade and other receivables | ||||
Trade receivables | Rp 8,634 | Rp 8,510 | ||
Other receivables | 261 | 195 | ||
Total trade and other receivables | 8,895 | $ 571 | 8,705 | |
Gross or Cost | ||||
Trade and other receivables | ||||
Trade receivables | 16,202 | 16,312 | ||
Other receivables | 500 | 446 | ||
Allowance for expected credit losses | ||||
Trade and other receivables | ||||
Trade receivables | (7,568) | (7,802) | Rp (8,360) | |
Other receivables | Rp (239) | Rp (251) |
TRADE AND OTHER RECEIVABLES -_4
TRADE AND OTHER RECEIVABLES - NET - By debtor (Details) - IDR (Rp) Rp in Billions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Trade and other receivables | |||
Trade receivables | Rp 8,634 | Rp 8,510 | |
Third parties | |||
Trade and other receivables | |||
Trade receivables | 6,625 | 7,132 | |
Related parties | |||
Trade and other receivables | |||
Trade receivables | 2,009 | 1,378 | |
Gross or Cost | |||
Trade and other receivables | |||
Trade receivables | 16,202 | 16,312 | |
Gross or Cost | Third parties | |||
Trade and other receivables | |||
Trade receivables | 12,826 | 13,534 | |
Gross or Cost | Third parties | Individual and business subscribers | |||
Trade and other receivables | |||
Trade receivables | 11,842 | 12,644 | |
Gross or Cost | Third parties | Overseas international carriers | |||
Trade and other receivables | |||
Trade receivables | 984 | 890 | |
Gross or Cost | Related parties | |||
Trade and other receivables | |||
Trade receivables | 3,376 | 2,778 | |
Gross or Cost | State-owned enterprises | |||
Trade and other receivables | |||
Trade receivables | 1,985 | 1,336 | |
Gross or Cost | Government agencies | |||
Trade and other receivables | |||
Trade receivables | 675 | 679 | |
Gross or Cost | Indonusa | |||
Trade and other receivables | |||
Trade receivables | 385 | 439 | |
Gross or Cost | Indosat | |||
Trade and other receivables | |||
Trade receivables | 175 | 148 | |
Gross or Cost | Others related entities | |||
Trade and other receivables | |||
Trade receivables | 156 | 176 | |
Allowance for expected credit losses | |||
Trade and other receivables | |||
Trade receivables | (7,568) | (7,802) | Rp (8,360) |
Allowance for expected credit losses | Third parties | |||
Trade and other receivables | |||
Trade receivables | (6,201) | (6,402) | |
Allowance for expected credit losses | Related parties | |||
Trade and other receivables | |||
Trade receivables | Rp (1,367) | Rp (1,400) |
TRADE AND OTHER RECEIVABLES -_5
TRADE AND OTHER RECEIVABLES - NET - By age (Details) - IDR (Rp) | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Trade and other receivables | |||
Trade receivables | Rp 8,634,000,000,000 | Rp 8,510,000,000,000 | |
Third parties | |||
Trade and other receivables | |||
Trade receivables | 6,625,000,000,000 | 7,132,000,000,000 | |
Related parties | |||
Trade and other receivables | |||
Trade receivables | 2,009,000,000,000 | 1,378,000,000,000 | |
Financial assets past due but not impaired | |||
Trade and other receivables | |||
Trade receivables | 2,069,000,000,000 | Rp 3,417,000,000,000 | |
Not past due | |||
Trade and other receivables | |||
Trade receivables | 5.7 | ||
ECL rate | 9.50% | ||
Up to 3 months | |||
Trade and other receivables | |||
Trade receivables | 20.8 | ||
ECL rate | 13.40% | ||
3 to 6 months | |||
Trade and other receivables | |||
Trade receivables | 33.4 | ||
ECL rate | 27.40% | ||
More than 6 months | |||
Trade and other receivables | |||
Trade receivables | 95.6 | ||
ECL rate | 91.40% | ||
Gross or Cost | |||
Trade and other receivables | |||
Trade receivables | 16,202,000,000,000 | Rp 16,312,000,000,000 | |
Gross or Cost | Third parties | |||
Trade and other receivables | |||
Trade receivables | 12,826,000,000,000 | 13,534,000,000,000 | |
Gross or Cost | Related parties | |||
Trade and other receivables | |||
Trade receivables | 3,376,000,000,000 | 2,778,000,000,000 | |
Gross or Cost | Not past due | |||
Trade and other receivables | |||
Trade receivables | 6,964,000,000,000 | 5,625,000,000,000 | |
Gross or Cost | Up to 3 months | |||
Trade and other receivables | |||
Trade receivables | 1,674,000,000,000 | 2,447,000,000,000 | |
Gross or Cost | Up to 3 months | Third parties | |||
Trade and other receivables | |||
Trade receivables | 6,797,000,000,000 | 6,753,000,000,000 | |
Gross or Cost | Up to 3 months | Related parties | |||
Trade and other receivables | |||
Trade receivables | 1,841,000,000,000 | 1,319,000,000,000 | |
Gross or Cost | 3 to 6 months | |||
Trade and other receivables | |||
Trade receivables | 664,000,000,000 | 924,000,000,000 | |
Gross or Cost | 3 to 6 months | Third parties | |||
Trade and other receivables | |||
Trade receivables | 397,000,000,000 | 686,000,000,000 | |
Gross or Cost | 3 to 6 months | Related parties | |||
Trade and other receivables | |||
Trade receivables | 267,000,000,000 | 238,000,000,000 | |
Gross or Cost | More than 6 months | |||
Trade and other receivables | |||
Trade receivables | 6,900,000,000,000 | 7,316,000,000,000 | |
Gross or Cost | More than 6 months | Third parties | |||
Trade and other receivables | |||
Trade receivables | 5,632,000,000,000 | 6,095,000,000,000 | |
Gross or Cost | More than 6 months | Related parties | |||
Trade and other receivables | |||
Trade receivables | 1,268,000,000,000 | 1,221,000,000,000 | |
Allowance for expected credit losses | |||
Trade and other receivables | |||
Trade receivables | (7,568,000,000,000) | (7,802,000,000,000) | Rp (8,360,000,000,000) |
Allowance for expected credit losses | Third parties | |||
Trade and other receivables | |||
Trade receivables | (6,201,000,000,000) | (6,402,000,000,000) | |
Allowance for expected credit losses | Related parties | |||
Trade and other receivables | |||
Trade receivables | (1,367,000,000,000) | (1,400,000,000,000) | |
Allowance for expected credit losses | Not past due | |||
Trade and other receivables | |||
Trade receivables | (399,000,000,000) | (532,000,000,000) | |
Allowance for expected credit losses | Up to 3 months | |||
Trade and other receivables | |||
Trade receivables | (349,000,000,000) | (328,000,000,000) | |
Allowance for expected credit losses | 3 to 6 months | |||
Trade and other receivables | |||
Trade receivables | (222,000,000,000) | (253,000,000,000) | |
Allowance for expected credit losses | More than 6 months | |||
Trade and other receivables | |||
Trade receivables | Rp (6,598,000,000,000) | Rp (6,689,000,000,000) |
TRADE AND OTHER RECEIVABLES -_6
TRADE AND OTHER RECEIVABLES - NET - By currency (Details) - IDR (Rp) Rp in Billions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Trade and other receivables | |||
Trade receivables | Rp 8,634 | Rp 8,510 | |
Gross or Cost | |||
Trade and other receivables | |||
Trade receivables | 16,202 | 16,312 | |
Allowance for expected credit losses | |||
Trade and other receivables | |||
Trade receivables | (7,568) | (7,802) | Rp (8,360) |
Related parties | |||
Trade and other receivables | |||
Trade receivables | 2,009 | 1,378 | |
Related parties | Gross or Cost | |||
Trade and other receivables | |||
Trade receivables | 3,376 | 2,778 | |
Related parties | Gross or Cost | Rupiah | |||
Trade and other receivables | |||
Trade receivables | 3,369 | 2,777 | |
Related parties | Gross or Cost | United States Dollar | |||
Trade and other receivables | |||
Trade receivables | 7 | 1 | |
Related parties | Allowance for expected credit losses | |||
Trade and other receivables | |||
Trade receivables | (1,367) | (1,400) | |
Third parties | |||
Trade and other receivables | |||
Trade receivables | 6,625 | 7,132 | |
Third parties | Gross or Cost | |||
Trade and other receivables | |||
Trade receivables | 12,826 | 13,534 | |
Third parties | Gross or Cost | Rupiah | |||
Trade and other receivables | |||
Trade receivables | 11,345 | 11,838 | |
Third parties | Gross or Cost | United States Dollar | |||
Trade and other receivables | |||
Trade receivables | 1,352 | 1,606 | |
Third parties | Gross or Cost | Singapore Dollar | |||
Trade and other receivables | |||
Trade receivables | 89 | 56 | |
Third parties | Gross or Cost | Others, Currency | |||
Trade and other receivables | |||
Trade receivables | 40 | 34 | |
Third parties | Allowance for expected credit losses | |||
Trade and other receivables | |||
Trade receivables | Rp (6,201) | Rp (6,402) |
TRADE AND OTHER RECEIVABLES -_7
TRADE AND OTHER RECEIVABLES - NET - Changes in Provision for expected credit losses (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Provision of impairment | ||
Beginning balance | Rp (8,510) | |
Ending balance | (8,634) | Rp (8,510) |
Allowance for expected credit losses | ||
Provision of impairment | ||
Beginning balance | 7,802 | 8,360 |
Allowance for expected credit losses | 567 | 474 |
Receivables written off | (801) | (1,032) |
Ending balance | Rp 7,568 | Rp 7,802 |
TRADE AND OTHER RECEIVABLES -_8
TRADE AND OTHER RECEIVABLES - NET - Pledge (Details) - IDR (Rp) Rp in Billions | Dec. 31, 2022 | Dec. 31, 2021 |
Trade and other receivables | ||
Trade and other receivables | ||
Assets pledged as collateral | Rp 1,129 | Rp 2,330 |
CONTRACT ASSETS - NET (Details)
CONTRACT ASSETS - NET (Details) $ in Millions, Rp in Billions | Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) |
CONTRACT ASSETS - NET | |||
Contract assets | Rp 2,610 | Rp 2,588 | |
Allowance for expected credit losses | (119) | (115) | |
Net | 2,491 | 2,473 | |
Current portion | (2,457) | $ (158) | (2,330) |
Non-current portion | Rp 34 | $ 2 | Rp 143 |
INVENTORIES - NET (Details)
INVENTORIES - NET (Details) $ in Millions, Rp in Billions | Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) |
INVENTORIES | |||
Total current inventories | Rp 1,144 | $ 73 | Rp 779 |
Gross or Cost | |||
INVENTORIES | |||
Components | 588 | 578 | |
SIM cards and prepaid vouchers | 321 | 148 | |
Others | 294 | 122 | |
Total current inventories | 1,203 | 848 | |
Allowance for expected credit losses | |||
INVENTORIES | |||
Total current inventories | Rp (59) | Rp (69) |
INVENTORIES - NET - Provision f
INVENTORIES - NET - Provision for obsolescence (Details) $ in Millions, Rp in Billions | 12 Months Ended | |||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | |
Provision for obsolescence | ||||
Beginning balance | Rp (779) | |||
Ending balance | (1,144) | $ (73) | Rp (779) | |
Inventory recognized as expense | 747 | 739 | Rp 544 | |
Inventories pledged as security for liabilities | 0 | 557 | ||
Modules and components | 94 | 122 | ||
Modules and components, insured amount | 111 | 133 | ||
Allowance for expected credit losses | ||||
Provision for obsolescence | ||||
Beginning balance | 69 | |||
Ending balance | Rp 59 | Rp 69 |
OTHER CURRENT ASSETS (Details)
OTHER CURRENT ASSETS (Details) - IDR (Rp) Rp in Billions | Dec. 31, 2022 | Dec. 31, 2021 |
OTHER CURRENT ASSETS | ||
Prepaid frequency license fees - current portion (Note 33c.i) | Rp 5,289 | Rp 4,923 |
Advances | 679 | 683 |
Prepaid salaries | 105 | 170 |
Prepaid rental | 218 | 185 |
Others (each below Rp100 billion) | 469 | 401 |
Total | Rp 6,760 | Rp 6,362 |
CONTRACT COSTS (Details)
CONTRACT COSTS (Details) $ in Millions, Rp in Billions | 12 Months Ended | ||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2022 USD ($) | |
Movement of contract costs | |||
Beginning balance | Rp 2,264 | Rp 1,708 | |
Addition current year | 1,000 | 1,325 | |
Amortization during the year | (852) | (769) | |
Ending balance | 2,412 | 2,264 | |
Current | (671) | (656) | $ (43) |
Non-current | 1,741 | 1,608 | $ 112 |
Provision for impairment of contract costs | 0 | 0 | |
Cost to obtain | |||
Movement of contract costs | |||
Beginning balance | 1,532 | 1,245 | |
Addition current year | 360 | 568 | |
Amortization during the year | (338) | (281) | |
Ending balance | 1,554 | 1,532 | |
Current | (354) | (312) | |
Non-current | 1,200 | 1,220 | |
Cost to fulfill | |||
Movement of contract costs | |||
Beginning balance | 732 | 463 | |
Addition current year | 640 | 757 | |
Amortization during the year | (514) | (488) | |
Ending balance | 858 | 732 | |
Current | (317) | (344) | |
Non-current | Rp 541 | Rp 388 |
LONG-TERM INVESTMENTS (Details)
LONG-TERM INVESTMENTS (Details) Rp / shares in Units, $ in Millions, Rp in Billions | 12 Months Ended | |||||
Jun. 19, 2019 | Dec. 31, 2022 IDR (Rp) Rp / shares | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | Dec. 31, 2022 USD ($) | |
LONG-TERM INVESTMENTS | ||||||
Financial assets | Rp 50,907 | Rp 61,320 | ||||
Investments in associates accounted for using equity method | 123 | 139 | ||||
Total long-term investments | 8,653 | 13,800 | $ 556 | |||
Foreign exchange impact | (6,438) | $ (414) | 3,432 | Rp 129 | ||
Long-term investment in financial instruments | ||||||
LONG-TERM INVESTMENTS | ||||||
Financial assets | 8,530 | 13,661 | ||||
Long-term investment in financial instruments | FVTPL | ||||||
LONG-TERM INVESTMENTS | ||||||
Financial assets | 8,508 | 13,643 | ||||
Long-term investment in financial instruments | FVTOCI | ||||||
LONG-TERM INVESTMENTS | ||||||
Financial assets | 22 | 18 | ||||
Jalin. | ||||||
LONG-TERM INVESTMENTS | ||||||
Investment accounted for using equity method | 115 | 107 | ||||
Percentage of ownership interest sold | 67% | |||||
Proportion of ownership interest in associate | 33% | |||||
Others (each below Rp100 billion) | ||||||
LONG-TERM INVESTMENTS | ||||||
Investment accounted for using equity method | 8 | 32 | ||||
Cumulative unrecognized share of losses | Rp 346 | 341 | ||||
Finarya. | ||||||
LONG-TERM INVESTMENTS | ||||||
Proportion of ownership interest in associate | 24.83% | 24.83% | ||||
PT Omni Inovasi Indonesia Tbk | ||||||
LONG-TERM INVESTMENTS | ||||||
Proportion of ownership interest in associate | 24% | 24% | ||||
Telkomsel | ||||||
LONG-TERM INVESTMENTS | ||||||
Price per share | Rp / shares | Rp 91 | |||||
Foreign exchange impact | Rp 6,741 | |||||
MDI | ||||||
LONG-TERM INVESTMENTS | ||||||
Foreign exchange impact | 54 | |||||
Convertible bonds | Long-term investment in financial instruments | FVTPL | ||||||
LONG-TERM INVESTMENTS | ||||||
Financial assets | 884 | 681 | ||||
Investment in equity | Long-term investment in financial instruments | FVTPL | ||||||
LONG-TERM INVESTMENTS | ||||||
Financial assets | 7,624 | 12,962 | ||||
Investment in equity | Long-term investment in financial instruments | FVTOCI | ||||||
LONG-TERM INVESTMENTS | ||||||
Financial assets | 22 | Rp 18 | ||||
Investment in equity | MDI | ||||||
LONG-TERM INVESTMENTS | ||||||
Long-term investments in associates | Rp 1,362 |
PROPERTY AND EQUIPMENT (Details
PROPERTY AND EQUIPMENT (Details) $ in Millions, Rp in Billions | 12 Months Ended | ||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | |
Property and equipment | |||
Beginning balance | Rp 163,205 | Rp 159,123 | |
Ending balance | 171,491 | $ 11,015 | 163,205 |
Gross or Cost | |||
Property and equipment | |||
Beginning balance | 338,688 | 318,912 | |
Additions | 34,146 | 30,321 | |
Deductions | 11,094 | 5,623 | |
Reclassifications/Translations | (440) | (4,922) | |
Ending balance | 361,300 | 338,688 | |
Accumulated depreciation and impairment losses | |||
Property and equipment | |||
Beginning balance | (175,483) | (159,789) | |
Additions | 25,576 | 24,340 | |
Deductions | (10,906) | (5,276) | |
Reclassifications/Translations | (344) | (3,370) | |
Ending balance | (189,809) | (175,483) | |
Buildings | Gross or Cost | |||
Property and equipment | |||
Beginning balance | 17,296 | 16,137 | |
Additions | 778 | 197 | |
Deductions | 1 | 5 | |
Reclassifications/Translations | 874 | 967 | |
Ending balance | 18,947 | 17,296 | |
Buildings | Accumulated depreciation and impairment losses | |||
Property and equipment | |||
Beginning balance | (5,537) | (4,872) | |
Additions | 632 | 652 | |
Deductions | (1) | (2) | |
Reclassifications/Translations | 60 | 15 | |
Ending balance | (6,228) | (5,537) | |
Leasehold improvements | Gross or Cost | |||
Property and equipment | |||
Beginning balance | 1,477 | 1,410 | |
Additions | 80 | 45 | |
Deductions | 86 | 35 | |
Reclassifications/Translations | 100 | 57 | |
Ending balance | 1,571 | 1,477 | |
Leasehold improvements | Accumulated depreciation and impairment losses | |||
Property and equipment | |||
Beginning balance | (1,163) | (1,061) | |
Additions | 130 | 132 | |
Deductions | (86) | (30) | |
Ending balance | (1,207) | (1,163) | |
Switching equipment | Gross or Cost | |||
Property and equipment | |||
Beginning balance | 18,324 | 17,506 | |
Additions | 1,066 | 1,112 | |
Deductions | 130 | 1,223 | |
Reclassifications/Translations | 823 | 929 | |
Ending balance | 20,083 | 18,324 | |
Switching equipment | Accumulated depreciation and impairment losses | |||
Property and equipment | |||
Beginning balance | (12,225) | (11,621) | |
Additions | 1,985 | 1,871 | |
Deductions | (127) | (1,223) | |
Reclassifications/Translations | 17 | (44) | |
Ending balance | (14,100) | (12,225) | |
Telegraph, telex and data communication equipment | Gross or Cost | |||
Property and equipment | |||
Beginning balance | 1,583 | 2,012 | |
Reclassifications/Translations | (429) | ||
Ending balance | 1,583 | 1,583 | |
Telegraph, telex and data communication equipment | Accumulated depreciation and impairment losses | |||
Property and equipment | |||
Beginning balance | (1,582) | (1,582) | |
Ending balance | (1,582) | (1,582) | |
Transmission installation and equipment | Gross or Cost | |||
Property and equipment | |||
Beginning balance | 165,621 | 159,196 | |
Additions | 4,494 | 3,829 | |
Deductions | 9,501 | 3,479 | |
Reclassifications/Translations | 10,492 | 6,075 | |
Ending balance | 171,106 | 165,621 | |
Transmission installation and equipment | Accumulated depreciation and impairment losses | |||
Property and equipment | |||
Beginning balance | (94,532) | (87,991) | |
Additions | 12,087 | 11,554 | |
Deductions | (9,362) | (3,227) | |
Reclassifications/Translations | 78 | (1,786) | |
Ending balance | (97,335) | (94,532) | |
Satellite, earth station and equipment | Gross or Cost | |||
Property and equipment | |||
Beginning balance | 10,528 | 10,423 | |
Additions | 155 | 359 | |
Deductions | 5 | 15 | |
Reclassifications/Translations | 126 | (239) | |
Ending balance | 10,804 | 10,528 | |
Satellite, earth station and equipment | Accumulated depreciation and impairment losses | |||
Property and equipment | |||
Beginning balance | (5,199) | (4,412) | |
Additions | 830 | 743 | |
Deductions | (5) | (16) | |
Reclassifications/Translations | 17 | 60 | |
Ending balance | (6,041) | (5,199) | |
Cable network | Gross or Cost | |||
Property and equipment | |||
Beginning balance | 67,559 | 60,796 | |
Additions | 7,807 | 8,722 | |
Deductions | 9 | 33 | |
Reclassifications/Translations | (662) | (1,926) | |
Ending balance | 74,695 | 67,559 | |
Cable network | Accumulated depreciation and impairment losses | |||
Property and equipment | |||
Beginning balance | (18,735) | (15,978) | |
Additions | 4,388 | 4,210 | |
Deductions | (9) | (11) | |
Reclassifications/Translations | (604) | (1,442) | |
Ending balance | (22,510) | (18,735) | |
Power supply | Gross or Cost | |||
Property and equipment | |||
Beginning balance | 22,035 | 20,988 | |
Additions | 433 | 303 | |
Deductions | 719 | 390 | |
Reclassifications/Translations | 1,527 | 1,134 | |
Ending balance | 23,276 | 22,035 | |
Power supply | Accumulated depreciation and impairment losses | |||
Property and equipment | |||
Beginning balance | (15,874) | (14,757) | |
Additions | 1,699 | 1,546 | |
Deductions | (712) | (383) | |
Reclassifications/Translations | 29 | (46) | |
Ending balance | (16,890) | (15,874) | |
Data processing equipment | Gross or Cost | |||
Property and equipment | |||
Beginning balance | 19,258 | 17,663 | |
Additions | 877 | 250 | |
Deductions | 390 | 314 | |
Reclassifications/Translations | 1,209 | 1,659 | |
Ending balance | 20,954 | 19,258 | |
Data processing equipment | Accumulated depreciation and impairment losses | |||
Property and equipment | |||
Beginning balance | (14,130) | (12,780) | |
Additions | (1,806) | 1,708 | |
Deductions | (388) | (301) | |
Reclassifications/Translations | (58) | (57) | |
Ending balance | (15,490) | (14,130) | |
Other telecommunication peripherals | Gross or Cost | |||
Property and equipment | |||
Beginning balance | 9,121 | 7,513 | |
Additions | 1,261 | 1,646 | |
Reclassifications/Translations | 20 | (38) | |
Ending balance | 10,402 | 9,121 | |
Other telecommunication peripherals | Accumulated depreciation and impairment losses | |||
Property and equipment | |||
Beginning balance | (4,330) | (2,885) | |
Additions | 1,717 | 1,492 | |
Reclassifications/Translations | 20 | (47) | |
Ending balance | (6,067) | (4,330) | |
Office equipment | Gross or Cost | |||
Property and equipment | |||
Beginning balance | 2,352 | 2,125 | |
Additions | 157 | 205 | |
Deductions | 85 | 57 | |
Reclassifications/Translations | 201 | 79 | |
Ending balance | 2,625 | 2,352 | |
Office equipment | Accumulated depreciation and impairment losses | |||
Property and equipment | |||
Beginning balance | (1,866) | (1,574) | |
Additions | 261 | 357 | |
Deductions | (79) | (57) | |
Reclassifications/Translations | 25 | (8) | |
Ending balance | (2,073) | (1,866) | |
Vehicles | Gross or Cost | |||
Property and equipment | |||
Beginning balance | 537 | 551 | |
Additions | 100 | 34 | |
Deductions | 165 | 43 | |
Reclassifications/Translations | 133 | (5) | |
Ending balance | 605 | 537 | |
Vehicles | Accumulated depreciation and impairment losses | |||
Property and equipment | |||
Beginning balance | (270) | (229) | |
Additions | 38 | 71 | |
Deductions | (135) | (26) | |
Reclassifications/Translations | 69 | (4) | |
Ending balance | (242) | (270) | |
Others | Gross or Cost | |||
Property and equipment | |||
Beginning balance | 47 | 68 | |
Additions | 2 | 6 | |
Deductions | 3 | ||
Reclassifications/Translations | 5 | (27) | |
Ending balance | 51 | 47 | |
Others | Accumulated depreciation and impairment losses | |||
Property and equipment | |||
Beginning balance | (40) | (47) | |
Additions | 3 | 4 | |
Deductions | (2) | ||
Reclassifications/Translations | 3 | (11) | |
Ending balance | (44) | (40) | |
Property under construction | Gross or Cost | |||
Property and equipment | |||
Beginning balance | 2,950 | 2,524 | |
Additions | 16,936 | 13,613 | |
Deductions | 29 | ||
Reclassifications/Translations | (15,288) | (13,158) | |
Ending balance | Rp 4,598 | Rp 2,950 |
PROPERTY AND EQUIPMENT - Gain o
PROPERTY AND EQUIPMENT - Gain on disposal or sale of property and equipment (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
PROPERTY AND EQUIPMENT. | |||
Proceeds from sale of property and equipment | Rp 526 | Rp 756 | Rp 236 |
Net book value | (129) | (36) | (20) |
Gain on sale of property and equipment | Rp 397 | Rp 720 | Rp 216 |
PROPERTY AND EQUIPMENT - Cash g
PROPERTY AND EQUIPMENT - Cash generating units (Details) $ in Millions, Rp in Billions | 12 Months Ended | |||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2020 IDR (Rp) | |
Cash generating units | ||||
Derecognized assets | Rp 171,491 | Rp 163,205 | $ 11,015 | Rp 159,123 |
Gross or Cost | ||||
Cash generating units | ||||
Derecognized assets | 361,300 | 338,688 | Rp 318,912 | |
Others CGUs | ||||
Cash generating units | ||||
Impairment loss | Rp 0 | Rp 0 |
PROPERTY AND EQUIPMENT - Equipm
PROPERTY AND EQUIPMENT - Equipment units under modernization program (Details) RM in Millions, $ in Millions, $ in Millions, $ in Millions, Rp in Billions | 12 Months Ended | 24 Months Ended | |||||||||||
Dec. 31, 2023 IDR (Rp) | Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 HKD ($) | Dec. 31, 2022 SGD ($) | Dec. 31, 2022 MYR (RM) | Dec. 31, 2021 HKD ($) | Dec. 31, 2021 SGD ($) | Dec. 31, 2021 MYR (RM) | |
Equipment units under modernization program | |||||||||||||
Proceeds from insurance claims | Rp 299 | $ 19 | Rp 133 | Rp 234 | |||||||||
Property and equipment | 171,491 | 163,205 | 159,123 | Rp 171,491 | $ 11,015 | ||||||||
Property and equipment excluding land rights insured | 172,112 | 161,287 | 172,112 | ||||||||||
Provision for impairment of assets held for sale | 0 | ||||||||||||
Property and equipment excluding land rights insured amount | 36,319 | 29,601 | 36,319 | $ 10 | $ 373 | RM 54 | $ 8 | $ 360 | RM 72 | ||||
First loss basis | 2,750 | 2,750 | 2,750 | ||||||||||
Pledged as collateral under lending agreements | 18,370 | 22,939 | 18,370 | ||||||||||
Depreciated property and equipment still used in operations | 67,979 | 67,355 | Rp 67,979 | ||||||||||
Property under construction | |||||||||||||
Equipment units under modernization program | |||||||||||||
Interest capitalized | 79 | 52 | 160 | ||||||||||
Foreign exchange loss capitalized | Rp 0 | Rp 0 | 0 | ||||||||||
Percentage of completion of property under construction | 55.91% | 75.63% | 55.91% | 55.91% | 55.91% | 55.91% | 55.91% | 75.63% | 75.63% | 75.63% | |||
Lost and broken equipment | |||||||||||||
Equipment units under modernization program | |||||||||||||
Proceeds from insurance claims | Rp 299 | Rp 133 | 234 | ||||||||||
Property and equipment | 270 | 103 | Rp 190 | Rp 270 | |||||||||
Multi Service Access Note | |||||||||||||
Equipment units under modernization program | |||||||||||||
Accelerated depreciation. | 1,603 | ||||||||||||
Multi Service Access Note | More than one year | |||||||||||||
Equipment units under modernization program | |||||||||||||
Accelerated depreciation. | 1,494 | ||||||||||||
Land Rights and Buildings | |||||||||||||
Equipment units under modernization program | |||||||||||||
Property, plant and equipment fair value used as deemed cost | 49,014 | 45,604 | 49,014 | ||||||||||
Network Indonesia | Service Life | Buildings | |||||||||||||
Equipment units under modernization program | |||||||||||||
Reduction in depreciation expense | 93 | ||||||||||||
Network Indonesia | Service Life | Buildings | Forecast | Change In Useful Lives Of Fixed Assets | |||||||||||||
Equipment units under modernization program | |||||||||||||
Reduction in depreciation expense | Rp 373 | ||||||||||||
Telkomsel | |||||||||||||
Equipment units under modernization program | |||||||||||||
Property plant and equipment exchanged | 909 | 258 | |||||||||||
Equipment units with carrying amount | 6 | 818 | 6 | ||||||||||
Transmission installation and equipment | Rp 6 | Rp 818 | Rp 6 | ||||||||||
Minimum | Property under construction | |||||||||||||
Equipment units under modernization program | |||||||||||||
Interest capitalized rate | 5.63% | 5.63% | 5.63% | 6.25% | |||||||||
Minimum | Buildings | |||||||||||||
Equipment units under modernization program | |||||||||||||
Estimated useful lives of property and equipment | 15 years | 15 years | |||||||||||
Minimum | Satellite, earth station and equipment | |||||||||||||
Equipment units under modernization program | |||||||||||||
Estimated useful lives of property and equipment | 3 years | 3 years | |||||||||||
Minimum | Data processing equipment | |||||||||||||
Equipment units under modernization program | |||||||||||||
Estimated useful lives of property and equipment | 3 years | 3 years | |||||||||||
Minimum | Service Life | |||||||||||||
Equipment units under modernization program | |||||||||||||
Estimated useful lives of property and equipment | 30 years | 30 years | |||||||||||
Maximum | Property under construction | |||||||||||||
Equipment units under modernization program | |||||||||||||
Interest capitalized rate | 7.90% | 7.90% | 8.70% | 11% | |||||||||
Maximum | Buildings | |||||||||||||
Equipment units under modernization program | |||||||||||||
Estimated useful lives of property and equipment | 50 years | 50 years | |||||||||||
Maximum | Satellite, earth station and equipment | |||||||||||||
Equipment units under modernization program | |||||||||||||
Estimated useful lives of property and equipment | 20 years | 20 years | |||||||||||
Maximum | Data processing equipment | |||||||||||||
Equipment units under modernization program | |||||||||||||
Estimated useful lives of property and equipment | 20 years | 20 years | |||||||||||
Maximum | Service Life | |||||||||||||
Equipment units under modernization program | |||||||||||||
Estimated useful lives of property and equipment | 40 years | 40 years |
RIGHT-OF-USE ASSETS - Carrying
RIGHT-OF-USE ASSETS - Carrying amounts (Details) $ in Millions, Rp in Billions | 12 Months Ended | ||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | |
RIGHT-OF-USE ASSETS | |||
Short-term lease expense | Rp 3,821 | Rp 5,251 | |
Low-value asset leases expense | 52 | 57 | |
Beginning balance | 19,253 | 19,104 | |
Additions | 10,016 | 6,042 | |
Deductions | (2,512) | (889) | |
Depreciation expense | (5,226) | (5,004) | |
Ending balance | 21,531 | $ 1,383 | 19,253 |
Land rights | |||
RIGHT-OF-USE ASSETS | |||
Beginning balance | 5,338 | 5,407 | |
Additions | 1,179 | 1,001 | |
Deductions | (178) | (95) | |
Depreciation expense | (891) | (975) | |
Ending balance | 5,448 | 5,338 | |
Buildings | |||
RIGHT-OF-USE ASSETS | |||
Beginning balance | 630 | 539 | |
Additions | 121 | 461 | |
Deductions | (22) | (39) | |
Depreciation expense | (187) | (331) | |
Ending balance | 542 | 630 | |
Transmission installation and equipment | |||
RIGHT-OF-USE ASSETS | |||
Beginning balance | 12,739 | 12,187 | |
Additions | 8,205 | 4,406 | |
Deductions | (2,122) | (672) | |
Depreciation expense | (3,935) | (3,182) | |
Ending balance | 14,887 | 12,739 | |
Vehicles | |||
RIGHT-OF-USE ASSETS | |||
Beginning balance | 408 | 536 | |
Additions | 488 | 83 | |
Deductions | (198) | (13) | |
Depreciation expense | (178) | (198) | |
Ending balance | 520 | 408 | |
Other equipment | |||
RIGHT-OF-USE ASSETS | |||
Beginning balance | 138 | 435 | |
Additions | 23 | 91 | |
Deductions | 8 | (70) | |
Depreciation expense | (35) | (318) | |
Ending balance | Rp 134 | Rp 138 | |
Minimum | |||
RIGHT-OF-USE ASSETS | |||
Lease term | 1 year | 1 year | |
Maximum | |||
RIGHT-OF-USE ASSETS | |||
Lease term | 33 years | 33 years |
RIGHT-OF-USE ASSETS - Carryin_2
RIGHT-OF-USE ASSETS - Carrying amounts of the lease liabilities and the movements (Details) $ in Millions, Rp in Billions | 12 Months Ended | ||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2022 USD ($) | |
RIGHT-OF-USE ASSETS | |||
Balance | Rp 15,888 | Rp 14,877 | |
Accretion of interest | 975 | 2,363 | |
Additions (Note 36a) | 10,006 | 4,234 | |
Deductions | (8,396) | (5,586) | |
Balance | 18,473 | 15,888 | |
Current maturities | (4,772) | (5,525) | $ (307) |
Non-current | Rp 13,701 | Rp 10,363 | $ 880 |
RIGHT-OF-USE ASSETS - Maturity
RIGHT-OF-USE ASSETS - Maturity of Lease Payments (Details) $ in Millions, Rp in Billions | 12 Months Ended | ||
Dec. 31, 2022 IDR (Rp) contract | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | |
RIGHT-OF-USE ASSETS | |||
Total lease payments | Rp 21,908 | ||
Interest | (3,435) | ||
Net present value of lease payments | 18,473 | ||
Current maturities | (4,772) | $ (307) | Rp (5,525) |
Non-current | Rp 13,701 | $ 880 | Rp 10,363 |
Number of lease contracts with variable lease payments | contract | 0 | ||
Minimum | |||
RIGHT-OF-USE ASSETS | |||
Lease term | 1 year | ||
Maximum | |||
RIGHT-OF-USE ASSETS | |||
Lease term | 33 years | ||
No later than a year | |||
RIGHT-OF-USE ASSETS | |||
Total lease payments | Rp 5,741 | ||
Later than 1 year and no later than 5 years | |||
RIGHT-OF-USE ASSETS | |||
Total lease payments | 11,278 | ||
Later than 5 years | |||
RIGHT-OF-USE ASSETS | |||
Total lease payments | Rp 4,889 |
RIGHT-OF-USE ASSETS - Amount Re
RIGHT-OF-USE ASSETS - Amount Recognized in Profit or Loss (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
RIGHT-OF-USE ASSETS | ||
Depreciation expense of right-of-use assets | Rp 5,226 | Rp 5,004 |
Expense relating to short-term leases | 3,821 | 5,251 |
Interest expense on lease liabilities | 975 | 2,363 |
Expense relating to leases of low-value assets | Rp 52 | Rp 57 |
OTHER NON-CURRENT ASSETS (Detai
OTHER NON-CURRENT ASSETS (Details) $ in Millions, Rp in Billions | Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) |
OTHER NON-CURRENT ASSETS | |||
Prepaid frequency license fees - net of current portion (Note 33c.i) | Rp 1,291 | Rp 1,572 | |
Advances | 781 | 868 | |
Prepaid expense | 446 | 454 | |
Claims for tax refund - net of current portion (Note 28b) | 353 | 1,224 | |
Prepaid taxes - net of current portion (Note 28a) | 268 | 865 | |
Security deposits | 144 | 102 | |
Others (each below Rp100 billion) | 340 | 446 | |
Total | Rp 3,623 | $ 233 | Rp 5,531 |
INTANGIBLE ASSETS (Details)
INTANGIBLE ASSETS (Details) $ in Millions, Rp in Billions | 12 Months Ended | |||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | |
Reconciliation of intangible assets | ||||
Beginning Balance | Rp 7,506 | |||
Impairment losses | Rp (277) | |||
Ending Balance | 8,302 | $ 533 | 7,506 | |
Fully amortised intangible assets still utilized | 9,640 | 7,910 | ||
Goodwill | ||||
Reconciliation of intangible assets | ||||
Beginning Balance | 1,098 | |||
Impairment losses | (277) | |||
Ending Balance | 1,098 | 1,098 | ||
Software | ||||
Reconciliation of intangible assets | ||||
Beginning Balance | 5,744 | |||
Ending Balance | Rp 6,163 | Rp 5,744 | ||
Software | Minimum | ||||
Reconciliation of intangible assets | ||||
Remaining amortization periods | 1 year | 1 year | 1 year | 1 year |
Software | Maximum | ||||
Reconciliation of intangible assets | ||||
Remaining amortization periods | 6 years | 6 years | 6 years | 6 years |
License | ||||
Reconciliation of intangible assets | ||||
Beginning Balance | Rp 49 | |||
Ending Balance | 468 | Rp 49 | ||
Other intangible assets | ||||
Reconciliation of intangible assets | ||||
Beginning Balance | 615 | |||
Ending Balance | 573 | 615 | ||
Gross carrying amount | ||||
Reconciliation of intangible assets | ||||
Beginning Balance | 20,636 | 17,684 | ||
Additions | 3,016 | 3,093 | ||
Deductions | (245) | (19) | ||
Reclassifications/translations | (25) | (122) | ||
Ending Balance | 23,382 | 20,636 | Rp 17,684 | |
Gross carrying amount | Goodwill | ||||
Reconciliation of intangible assets | ||||
Beginning Balance | 1,492 | 1,428 | ||
Additions | 64 | |||
Ending Balance | 1,492 | 1,492 | 1,428 | |
Gross carrying amount | Software | ||||
Reconciliation of intangible assets | ||||
Beginning Balance | 17,458 | 14,688 | ||
Additions | 2,527 | 2,938 | ||
Deductions | (175) | (19) | ||
Reclassifications/translations | (31) | (149) | ||
Ending Balance | 19,779 | 17,458 | 14,688 | |
Gross carrying amount | License | ||||
Reconciliation of intangible assets | ||||
Beginning Balance | 174 | 94 | ||
Additions | 440 | 80 | ||
Reclassifications/translations | 6 | |||
Ending Balance | 620 | 174 | 94 | |
Gross carrying amount | Other intangible assets | ||||
Reconciliation of intangible assets | ||||
Beginning Balance | 1,512 | 1,474 | ||
Additions | 49 | 11 | ||
Deductions | (70) | |||
Reclassifications/translations | 27 | |||
Ending Balance | 1,491 | 1,512 | 1,474 | |
Accumulated depreciation and impairment losses | ||||
Reconciliation of intangible assets | ||||
Beginning Balance | (13,130) | (10,838) | ||
Amortization | (2,180) | (2,002) | ||
Deductions | 245 | 11 | ||
Reclassifications/translations | (15) | (24) | ||
Ending Balance | (15,080) | (13,130) | (10,838) | |
Accumulated depreciation and impairment losses | Goodwill | ||||
Reconciliation of intangible assets | ||||
Beginning Balance | (394) | (117) | ||
Ending Balance | (394) | (394) | (117) | |
Accumulated depreciation and impairment losses | Software | ||||
Reconciliation of intangible assets | ||||
Beginning Balance | (11,714) | (9,863) | ||
Amortization | (2,063) | (1,828) | ||
Deductions | 175 | 11 | ||
Reclassifications/translations | (14) | (34) | ||
Ending Balance | (13,616) | (11,714) | (9,863) | |
Accumulated depreciation and impairment losses | License | ||||
Reconciliation of intangible assets | ||||
Beginning Balance | (125) | (94) | ||
Amortization | (26) | (31) | ||
Reclassifications/translations | (1) | |||
Ending Balance | (152) | (125) | (94) | |
Accumulated depreciation and impairment losses | Other intangible assets | ||||
Reconciliation of intangible assets | ||||
Beginning Balance | (897) | (764) | ||
Amortization | (91) | (143) | ||
Deductions | 70 | |||
Reclassifications/translations | 10 | |||
Ending Balance | Rp (918) | (897) | Rp (764) | |
Allowance for expected credit losses | Contact Centres Australia Pty Ltd | ||||
Reconciliation of intangible assets | ||||
Goodwill | (37) | |||
Allowance for expected credit losses | SSI | ||||
Reconciliation of intangible assets | ||||
Goodwill | (179) | |||
Allowance for expected credit losses | Telin Malaysia. | ||||
Reconciliation of intangible assets | ||||
Goodwill | Rp (61) |
TRADE AND OTHER PAYABLES (Detai
TRADE AND OTHER PAYABLES (Details) $ in Millions, Rp in Billions | Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) |
TRADE AND OTHER PAYABLES | |||
Trade payables | Rp 18,457 | Rp 17,170 | |
Other payables | 463 | 609 | |
Total trade and other payables | Rp 18,920 | $ 1,215 | Rp 17,779 |
TRADE AND OTHER PAYABLES - Brea
TRADE AND OTHER PAYABLES - Breakdown of trade payables (Details) - IDR (Rp) Rp in Billions | Dec. 31, 2022 | Dec. 31, 2021 |
Related parties | ||
Radio frequency usage charges, concession fees and Universal Service Obligation ("USO") charges | Rp 1,342 | Rp 1,329 |
Purchases of equipments, materials, and services | 264 | 431 |
Payables to other telecommunication providers | 169 | 112 |
Sub-total | 1,775 | 1,872 |
Third parties | ||
Purchases of equipments, materials and services | 14,451 | 12,759 |
Payables to other telecommunication providers | 2,231 | 2,539 |
Sub-total | 16,682 | 15,298 |
Total | Rp 18,457 | Rp 17,170 |
TRADE AND OTHER PAYABLES - Trad
TRADE AND OTHER PAYABLES - Trade payables by currency (Details) - IDR (Rp) Rp in Billions | Dec. 31, 2022 | Dec. 31, 2021 |
TRADE AND OTHER PAYABLES | ||
Current trade payables | Rp 18,457 | Rp 17,170 |
Rupiah | ||
TRADE AND OTHER PAYABLES | ||
Current trade payables | 16,727 | 15,584 |
United States Dollar | ||
TRADE AND OTHER PAYABLES | ||
Current trade payables | 1,636 | 1,506 |
Others Currency | ||
TRADE AND OTHER PAYABLES | ||
Current trade payables | Rp 94 | Rp 80 |
ACCRUED EXPENSES (Details)
ACCRUED EXPENSES (Details) $ in Millions, Rp in Billions | Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) |
ACCRUED EXPENSES | |||
Operation, maintenance and telecommunication services | Rp 8,183 | Rp 8,978 | |
Salaries and benefits | 4,014 | 4,180 | |
General, administrative and marketing expenses | 3,067 | 2,583 | |
Interest and bank charges | 181 | 144 | |
Total | Rp 15,445 | $ 992 | Rp 15,885 |
CONTRACT LIABILITIES (Details)
CONTRACT LIABILITIES (Details) $ in Millions, Rp in Billions | 12 Months Ended | ||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2022 USD ($) | |
Current | |||
Contract liabilities - current portion | Rp 6,295 | Rp 6,795 | $ 404 |
Non-current | |||
Contract liabilities - non-current portion | 1,561 | 1,283 | $ 100 |
Contract liabilities at the beginning period which recognized as revenue | 6,795 | 7,832 | |
Mobile | |||
Current | |||
Contract liabilities - current portion | 3,577 | 4,155 | |
Enterprise | |||
Current | |||
Contract liabilities - current portion | 1,126 | 1,161 | |
Non-current | |||
Contract liabilities - non-current portion | 17 | 39 | |
WIB | |||
Current | |||
Contract liabilities - current portion | 1,188 | 1,138 | |
Non-current | |||
Contract liabilities - non-current portion | 700 | 457 | |
Consumer | |||
Current | |||
Contract liabilities - current portion | 233 | 185 | |
Non-current | |||
Contract liabilities - non-current portion | 844 | 787 | |
Others. | |||
Current | |||
Contract liabilities - current portion | Rp 171 | Rp 156 |
SHORT-TERM BANK LOANS AND CUR_3
SHORT-TERM BANK LOANS AND CURRENT MATURITIES OF LONG-TERM LOANS AND OTHER BORROWINGS (Details) $ in Millions, Rp in Billions | Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) |
SHORT-TERM BANK LOANS AND CURRENT MATURITIES OF LONG-TERM BANK LOANS AND OTHER BORROWINGS | |||
Short-term bank loans | Rp 8,191 | Rp 6,682 | |
Current maturities of long-term borrowings | 8,858 | 9,690 | |
Total | Rp 17,049 | $ 1,095 | Rp 16,372 |
SHORT-TERM BANK LOANS AND CUR_4
SHORT-TERM BANK LOANS AND CURRENT MATURITIES OF LONG-TERM LOANS AND OTHER BORROWINGS - Short-term bank loans (Details) - IDR (Rp) Rp in Billions | Dec. 31, 2022 | Dec. 31, 2021 |
Borrowings and other credit facilities | ||
Short-term bank loans - Related parties | Rp 4,462 | Rp 1,578 |
Short-term bank loans - Third parties | 3,729 | 5,104 |
Short-term bank loans | 8,191 | 6,682 |
Bank Mandiri | ||
Borrowings and other credit facilities | ||
Short-term bank loans - Related parties | 3,483 | 550 |
BNI. | ||
Borrowings and other credit facilities | ||
Short-term bank loans - Related parties | 979 | 1,028 |
PT Bank HSBC Indonesia ("HSBC") | ||
Borrowings and other credit facilities | ||
Short-term bank loans - Third parties | 1,836 | 1,937 |
MUFG Bank, Ltd. ("MUFG Bank") | ||
Borrowings and other credit facilities | ||
Short-term bank loans - Third parties | 1,349 | 1,853 |
PT Bank DBS Indonesia ("DBS") | ||
Borrowings and other credit facilities | ||
Short-term bank loans - Third parties | 475 | 545 |
UOB | ||
Borrowings and other credit facilities | ||
Short-term bank loans - Third parties | 400 | |
PT Bank Central Asia Tbl. ("BCA") | ||
Borrowings and other credit facilities | ||
Short-term bank loans - Third parties | 350 | |
Others (each below Rp100 billion) | ||
Borrowings and other credit facilities | ||
Short-term bank loans - Third parties | Rp 69 | Rp 19 |
SHORT-TERM BANK LOANS AND CUR_5
SHORT-TERM BANK LOANS AND CURRENT MATURITIES OF LONG-TERM LOANS AND OTHER BORROWINGS - Other significant information (Details) $ in Millions, Rp in Billions | Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) |
Mandir maturing on September 27, 2023 | ||
Borrowings and other credit facilities | ||
Total facility | Rp 3,100 | |
Mandri maturing on April 28, 2023 | ||
Borrowings and other credit facilities | ||
Total facility | Rp 500 | |
Interest rate (as a percent) | 1.30% | 1.30% |
BNI Maturing on January 9, 2024 | ||
Borrowings and other credit facilities | ||
Total facility | Rp 350 | |
BNI maturing on June 6, 2023 | ||
Borrowings and other credit facilities | ||
Total facility | 1,135 | |
HSBC maturing on November 17 2023 | ||
Borrowings and other credit facilities | ||
Total facility | 400 | |
HSBC maturing on December 31, 2023 | ||
Borrowings and other credit facilities | ||
Total facility | 2,250 | |
DBS maturing on July 31, 2023 | ||
Borrowings and other credit facilities | ||
Total facility | Rp 2,430 | $ 475,000 |
Minimum | Mandir maturing on September 27, 2023 | ||
Borrowings and other credit facilities | ||
Interest rate (as a percent) | 3.85% | 3.85% |
Minimum | BNI maturing on June 6, 2023 | ||
Borrowings and other credit facilities | ||
Interest rate adjustment (as a percent) | 2% | 2% |
Minimum | BNI maturing on November 7, 2022 | ||
Borrowings and other credit facilities | ||
Interest rate (as a percent) | 7.90% | 7.90% |
Maximum | Mandir maturing on September 27, 2023 | ||
Borrowings and other credit facilities | ||
Interest rate (as a percent) | 9% | 9% |
Maximum | BNI maturing on June 6, 2023 | ||
Borrowings and other credit facilities | ||
Interest rate adjustment (as a percent) | 2.50% | 2.50% |
Maximum | BNI maturing on November 7, 2022 | ||
Borrowings and other credit facilities | ||
Interest rate (as a percent) | 8.50% | 8.50% |
Monthly Repayment of Interest | HSBC maturing on November 17 2023 | ||
Borrowings and other credit facilities | ||
Interest rate (as a percent) | 7.40% | 7.40% |
Monthly Repayment of Interest | Minimum | Mufg maturing on October , 2023 | ||
Borrowings and other credit facilities | ||
Interest rate (as a percent) | 0.70% | 0.70% |
Monthly Repayment of Interest | Minimum | HSBC maturing on December 31, 2023 | ||
Borrowings and other credit facilities | ||
Interest rate adjustment (as a percent) | 0.80% | 0.80% |
Monthly Repayment of Interest | Minimum | DBS maturing on July 31, 2023 | ||
Borrowings and other credit facilities | ||
Interest rate adjustment (as a percent) | 1.20% | 1.20% |
Monthly Repayment of Interest | Maximum | DBS maturing on July 31, 2023 | ||
Borrowings and other credit facilities | ||
Interest rate (as a percent) | 0.40% | 0.40% |
Interest rate adjustment (as a percent) | 1.45% | 1.45% |
Quarterly repayment of interest | Maximum | HSBC maturing on December 31, 2023 | ||
Borrowings and other credit facilities | ||
Interest rate (as a percent) | 1% | 1% |
SHORT-TERM BANK LOANS AND CUR_6
SHORT-TERM BANK LOANS AND CURRENT MATURITIES OF LONG-TERM LOANS AND OTHER BORROWINGS - Current maturities of long-term borrowings (Details) - IDR (Rp) Rp in Billions | Dec. 31, 2022 | Dec. 31, 2021 |
Borrowings and other credit facilities | ||
Current maturities | Rp 8,858 | Rp 9,690 |
Two-step loans | ||
Borrowings and other credit facilities | ||
Current maturities | 118 | 138 |
Bonds | ||
Borrowings and other credit facilities | ||
Current maturities | 2,200 | |
Bank loans | ||
Borrowings and other credit facilities | ||
Current maturities | 7,788 | 6,311 |
Other borrowings | ||
Borrowings and other credit facilities | ||
Current maturities | Rp 952 | Rp 1,041 |
LONG-TERM LOANS AND OTHER BOR_3
LONG-TERM LOANS AND OTHER BORROWINGS (Details) $ in Millions, Rp in Billions | Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) |
Borrowings and other credit facilities | |||
Long-term loans and other borrowings | Rp 27,331 | $ 1,756 | Rp 36,319 |
Two-step loans | |||
Borrowings and other credit facilities | |||
Long-term loans and other borrowings | 91 | 217 | |
Bonds | |||
Borrowings and other credit facilities | |||
Long-term loans and other borrowings | 4,793 | 4,793 | |
Bank loans | |||
Borrowings and other credit facilities | |||
Long-term loans and other borrowings | 22,085 | 29,745 | |
Other borrowings | |||
Borrowings and other credit facilities | |||
Long-term loans and other borrowings | Rp 362 | Rp 1,564 |
LONG-TERM LOANS AND OTHER BOR_4
LONG-TERM LOANS AND OTHER BORROWINGS - Principal payments (Details) $ in Millions, Rp in Billions | Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) |
Borrowings and other credit facilities | |||
Long-term loans and other borrowings | Rp 27,331 | $ 1,756 | Rp 36,319 |
1-2 years | |||
Borrowings and other credit facilities | |||
Long-term loans and other borrowings | 7,173 | ||
2-3 years | |||
Borrowings and other credit facilities | |||
Long-term loans and other borrowings | 7,883 | ||
3-4 years | |||
Borrowings and other credit facilities | |||
Long-term loans and other borrowings | 4,226 | ||
4-5 years | |||
Borrowings and other credit facilities | |||
Long-term loans and other borrowings | 2,167 | ||
More than 5 years | |||
Borrowings and other credit facilities | |||
Long-term loans and other borrowings | 5,882 | ||
Two-step loans | |||
Borrowings and other credit facilities | |||
Long-term loans and other borrowings | 91 | 217 | |
Two-step loans | 1-2 years | |||
Borrowings and other credit facilities | |||
Long-term loans and other borrowings | 91 | ||
Bonds | |||
Borrowings and other credit facilities | |||
Long-term loans and other borrowings | 4,793 | 4,793 | |
Bonds | 2-3 years | |||
Borrowings and other credit facilities | |||
Long-term loans and other borrowings | 2,098 | ||
Bonds | More than 5 years | |||
Borrowings and other credit facilities | |||
Long-term loans and other borrowings | 2,695 | ||
Bank loans | |||
Borrowings and other credit facilities | |||
Long-term loans and other borrowings | 22,085 | 29,745 | |
Bank loans | 1-2 years | |||
Borrowings and other credit facilities | |||
Long-term loans and other borrowings | 6,720 | ||
Bank loans | 2-3 years | |||
Borrowings and other credit facilities | |||
Long-term loans and other borrowings | 5,785 | ||
Bank loans | 3-4 years | |||
Borrowings and other credit facilities | |||
Long-term loans and other borrowings | 4,226 | ||
Bank loans | 4-5 years | |||
Borrowings and other credit facilities | |||
Long-term loans and other borrowings | 2,167 | ||
Bank loans | More than 5 years | |||
Borrowings and other credit facilities | |||
Long-term loans and other borrowings | 3,187 | ||
Other borrowings | |||
Borrowings and other credit facilities | |||
Long-term loans and other borrowings | 362 | Rp 1,564 | |
Other borrowings | 1-2 years | |||
Borrowings and other credit facilities | |||
Long-term loans and other borrowings | Rp 362 |
LONG-TERM LOANS AND OTHER BOR_5
LONG-TERM LOANS AND OTHER BORROWINGS - Two-step loans (Details) ¥ in Millions, $ in Millions, Rp in Billions | 12 Months Ended | |||||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 JPY (¥) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2021 USD ($) | Dec. 31, 2021 JPY (¥) | |
Borrowings and other credit facilities | ||||||
Current maturities | Rp (8,858) | Rp (9,690) | ||||
Long-term portion | 27,331 | $ 1,756 | 36,319 | |||
Two-step loans | ||||||
Borrowings and other credit facilities | ||||||
Total loans and other borrowings | 209 | 355 | ||||
Current maturities | (118) | (138) | ||||
Long-term portion | Rp 91 | 217 | ||||
Projected net revenue to projected debt service ratio | 2 | |||||
Internal financing exceeding annual average capital expenditure | 20% | |||||
Japanese yen | Two-step loans | ||||||
Borrowings and other credit facilities | ||||||
Total loans and other borrowings | Rp 181 | ¥ 1,536 | 285 | ¥ 2,304 | ||
Interest rate (as a percent) | 2.95% | 2.95% | 2.95% | |||
United States Dollar | Two-step loans | ||||||
Borrowings and other credit facilities | ||||||
Total loans and other borrowings | 14 | $ 1 | ||||
Rupiah | Two-step loans | ||||||
Borrowings and other credit facilities | ||||||
Total loans and other borrowings | Rp 28 | Rp 56 | ||||
Interest rate (as a percent) | 7.125% | 7.125% | 7.125% |
LONG-TERM LOANS AND OTHER BOR_6
LONG-TERM LOANS AND OTHER BORROWINGS - Bonds and Notes (Details) $ in Millions, Rp in Billions | Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) |
Borrowings and other credit facilities | |||
Current maturities | Rp (8,858) | Rp (9,690) | |
Long-term portion | 27,331 | $ 1,756 | 36,319 |
Bonds | |||
Borrowings and other credit facilities | |||
Outstanding balance | 4,800 | 7,000 | |
Unamortized debt issuance cost | (7) | (7) | |
Total loans and other borrowings | 4,793 | 6,993 | |
Current maturities | (2,200) | ||
Long-term portion | 4,793 | 4,793 | |
2015 - Series A Bonds | |||
Borrowings and other credit facilities | |||
Outstanding balance | 2,200 | ||
2015 - Series B Bonds | |||
Borrowings and other credit facilities | |||
Outstanding balance | 2,100 | ||
2015 - Series C Bonds | |||
Borrowings and other credit facilities | |||
Outstanding balance | 1,200 | ||
2015 - Series D Bonds | |||
Borrowings and other credit facilities | |||
Outstanding balance | 1,500 | ||
Rupiah | 2015 - Series A Bonds | |||
Borrowings and other credit facilities | |||
Outstanding balance | 2,200 | ||
Rupiah | 2015 - Series B Bonds | |||
Borrowings and other credit facilities | |||
Outstanding balance | 2,100 | 2,100 | |
Rupiah | 2015 - Series C Bonds | |||
Borrowings and other credit facilities | |||
Outstanding balance | 1,200 | 1,200 | |
Rupiah | 2015 - Series D Bonds | |||
Borrowings and other credit facilities | |||
Outstanding balance | Rp 1,500 | Rp 1,500 |
LONG-TERM LOANS AND OTHER BOR_7
LONG-TERM LOANS AND OTHER BORROWINGS - Bonds (Details) Rp in Billions | 12 Months Ended | |
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2021 IDR (Rp) | |
Bonds | ||
Borrowings and other credit facilities | ||
Total loans and other borrowings | Rp 4,800 | Rp 7,000 |
2015 Bonds | ||
Borrowings and other credit facilities | ||
Total loans and other borrowings | Rp 7,000 | |
Maximum debt to equity ratio | 2 | |
Minimum EBITDA to interest ratio | 4 | |
Minimum debt service coverage | 125% | |
2015 - Series A Bonds | ||
Borrowings and other credit facilities | ||
Total loans and other borrowings | Rp 2,200 | |
Interest rate (as a percent) | 9.93% | |
2015 - Series B Bonds | ||
Borrowings and other credit facilities | ||
Total loans and other borrowings | Rp 2,100 | |
Interest rate (as a percent) | 10.25% | |
2015 - Series C Bonds | ||
Borrowings and other credit facilities | ||
Total loans and other borrowings | Rp 1,200 | |
Interest rate (as a percent) | 10.60% | |
2015 - Series D Bonds | ||
Borrowings and other credit facilities | ||
Total loans and other borrowings | Rp 1,500 | |
Interest rate (as a percent) | 11% |
LONG-TERM LOANS AND OTHER BOR_8
LONG-TERM LOANS AND OTHER BORROWINGS - Bank loans (Details) $ in Millions, Rp in Billions | Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2021 USD ($) |
Borrowings and other credit facilities | ||||
Current maturities | Rp (8,858) | Rp (9,690) | ||
Long-term portion | 27,331 | $ 1,756 | 36,319 | |
Bank loans | ||||
Borrowings and other credit facilities | ||||
Total loans and other borrowings | 29,991 | 36,153 | ||
Unamortized debt issuance cost | (118) | (97) | ||
Total loans and other borrowings | 29,873 | 36,056 | ||
Current maturities | (7,788) | (6,311) | ||
Long-term portion | 22,085 | 29,745 | ||
Bank loans | Third parties | ||||
Borrowings and other credit facilities | ||||
Total loans and other borrowings | 18,707 | 18,523 | ||
Bank loans | MUFG Bank, Ltd. ("MUFG Bank") | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total loans and other borrowings | 500 | 1,972 | ||
Bank loans | Syndication of banks | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total loans and other borrowings | 680 | 350 | ||
Bank loans | Syndication of banks | United States Dollar | ||||
Borrowings and other credit facilities | ||||
Total loans and other borrowings | 265 | 17 | 338 | $ 24 |
Bank loans | PT Bank Central Asia Tbk ("BCA") | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total loans and other borrowings | 9,757 | 8,651 | ||
Bank loans | Bank Permata | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total loans and other borrowings | 1,021 | 1,188 | ||
Bank loans | Bank DBS | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total loans and other borrowings | 1,500 | 3,887 | ||
Bank loans | Bank Danamon | United States Dollar | ||||
Borrowings and other credit facilities | ||||
Total loans and other borrowings | 455 | |||
Bank loans | United Overseas Bank Limited ("UOB Singapore") | United States Dollar | ||||
Borrowings and other credit facilities | ||||
Total loans and other borrowings | 205 | 13 | 314 | 22 |
Bank loans | PT Bank HSBC | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total loans and other borrowings | 750 | 750 | ||
Bank loans | Bank of China | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total loans and other borrowings | 1,000 | 400 | ||
Bank loans | PT Bank ANZ Indonesia | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total loans and other borrowings | 198 | 286 | ||
Bank loans | Bank CIMB Niaga | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total loans and other borrowings | 2,221 | 194 | ||
Bank loans | Bank CIMB Niaga | United States Dollar | ||||
Borrowings and other credit facilities | ||||
Total loans and other borrowings | 61 | 4 | 5 | 0 |
Bank loans | Other (each below Rp100 billion) | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total loans and other borrowings | 60 | 152 | ||
Bank loans | Other (each below Rp100 billion) | Malaysian ringgit | ||||
Borrowings and other credit facilities | ||||
Total loans and other borrowings | 34 | $ 10 | 36 | $ 11 |
Bank loans | Related parties | ||||
Borrowings and other credit facilities | ||||
Total loans and other borrowings | 11,284 | 17,630 | ||
Bank loans | Bank Mandiri | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total loans and other borrowings | 4,381 | 7,374 | ||
Bank loans | BNI | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total loans and other borrowings | 5,472 | 7,500 | ||
Bank loans | BRI | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total loans and other borrowings | 1,409 | 2,223 | ||
Bank loans | BSI | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total loans and other borrowings | Rp 22 | Rp 533 |
LONG-TERM LOANS AND OTHER BOR_9
LONG-TERM LOANS AND OTHER BORROWINGS - Other significant information relating to bank loans (Details) Rp in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | |
Borrowings and other credit facilities | ||||
Proceeds from borrowings, classified as financing activities | Rp 35,958,000 | $ 2,310 | Rp 46,612,000 | Rp 24,469,000 |
BNI 2018 | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total facility | 182,000 | |||
Current period payment | 32,000 | |||
BNI 2013 - 2021 | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total facility | 8,175,000 | |||
Current period payment | 1,384,000 | |||
Bank Mandiri 2017 - 2020 | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total facility | 6,693,000 | |||
Current period payment | 1,128,000 | |||
BSI 2019 | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total facility | 55,000 | |||
Current period payment | 11,000 | |||
BCA 2020 - 2021 | ||||
Borrowings and other credit facilities | ||||
Total facility | 15,986,000 | |||
Current period payment | 2,880,000 | |||
Bank CIMB Niaga 2019 - 2022 | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total facility | 2,500,000 | |||
Current period payment | 65,000 | |||
Bank CIMB Niaga 2021 - 2022 (Telin) | United States Dollar | ||||
Borrowings and other credit facilities | ||||
Total facility | 0 | |||
DBS 2021 | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total facility | 3,500,000 | |||
Current period payment | 2,000,000 | |||
Bank Permata 2020 - 2021 | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total facility | 1,500,000 | |||
Current period payment | 167,000 | |||
Bank of china 2019 | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total facility | 1,000,000 | |||
Current period payment | 900,000 | |||
Syndication of Banks - 2018 | United States Dollar | ||||
Borrowings and other credit facilities | ||||
Total facility | 0 | |||
Current period payment | 0 | |||
Syndication of Banks - 2022 | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total facility | 2,500,000 | |||
HSBC 2021 | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total facility | 750,000 | |||
MUFG Bank 2021 | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total facility | 500,000 | |||
Bank Danamon | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total facility | 636,000 | |||
Current period payment | 182,000 | |||
UOB Singapore - 2018 | United States Dollar | ||||
Borrowings and other credit facilities | ||||
Total facility | 0 | |||
Current period payment | 0 | |||
ANZ 2015 | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total facility | 740,000 | |||
Current period payment | Rp 88,000 | |||
Monthly Repayment of Interest | BNI 2018 | Rupiah | ||||
Borrowings and other credit facilities | ||||
Interest rate (as a percent) | 8.75% | |||
Monthly Repayment of Interest | BNI 2013 - 2021 | Rupiah | Minimum | ||||
Borrowings and other credit facilities | ||||
Interest rate adjustment (as a percent) | 2.25% | |||
Monthly Repayment of Interest | BSI 2019 | Rupiah | Minimum | ||||
Borrowings and other credit facilities | ||||
Interest rate (as a percent) | 7.50% | |||
Monthly Repayment of Interest | BNI 2018 - 2019 | Rupiah | ||||
Borrowings and other credit facilities | ||||
Interest rate (as a percent) | 8.75% | |||
Quarterly repayment of interest | BNI 2013 - 2021 | Rupiah | Minimum | ||||
Borrowings and other credit facilities | ||||
Interest rate adjustment (as a percent) | 1.70% | |||
Quarterly repayment of interest | BNI 2013 - 2021 | Rupiah | Maximum | ||||
Borrowings and other credit facilities | ||||
Interest rate adjustment (as a percent) | 1.85% | |||
Quarterly repayment of interest | Bank Mandiri 2017 - 2020 | Rupiah | Minimum | ||||
Borrowings and other credit facilities | ||||
Interest rate adjustment (as a percent) | 1.50% | |||
Quarterly repayment of interest | Bank Mandiri 2017 - 2020 | Rupiah | Maximum | ||||
Borrowings and other credit facilities | ||||
Interest rate adjustment (as a percent) | 1.85% | |||
Quarterly repayment of interest | BRI 2017 - 2019 | Rupiah | ||||
Borrowings and other credit facilities | ||||
Total facility | Rp 2,500,000 | |||
Current period payment | Rp 455,000 | |||
Quarterly repayment of interest | BRI 2017 - 2019 | Rupiah | Minimum | ||||
Borrowings and other credit facilities | ||||
Interest rate adjustment (as a percent) | 1.70% | |||
Quarterly repayment of interest | BRI 2017 - 2019 | Rupiah | Maximum | ||||
Borrowings and other credit facilities | ||||
Interest rate adjustment (as a percent) | (1.85%) | |||
Quarterly repayment of interest | Bank CIMB Niaga 2019 - 2022 | Rupiah | Minimum | ||||
Borrowings and other credit facilities | ||||
Interest rate adjustment (as a percent) | 1.30% | |||
Quarterly repayment of interest | Bank CIMB Niaga 2019 - 2022 | Rupiah | Maximum | ||||
Borrowings and other credit facilities | ||||
Interest rate adjustment (as a percent) | 1.95% | |||
Quarterly repayment of interest | Bank of china 2019 | Rupiah | ||||
Borrowings and other credit facilities | ||||
Interest rate adjustment (as a percent) | 2% | |||
Quarterly repayment of interest | MUFG Bank 2021 | Rupiah | ||||
Borrowings and other credit facilities | ||||
Interest rate adjustment (as a percent) | 1.60% | |||
Quarterly repayment of interest | MUFG Bank 2021 | Rupiah | Minimum | ||||
Borrowings and other credit facilities | ||||
Interest rate adjustment (as a percent) | 1.50% | |||
Quarterly repayment of interest | MUFG Bank 2021 | Rupiah | Maximum | ||||
Borrowings and other credit facilities | ||||
Interest rate adjustment (as a percent) | 2.40% | |||
Quarterly repayment of interest | Bank Danamon | Rupiah | ||||
Borrowings and other credit facilities | ||||
Interest rate adjustment (as a percent) | 1.50% | |||
Quarterly repayment of interest | ANZ 2015 | Rupiah | Minimum | ||||
Borrowings and other credit facilities | ||||
Interest rate adjustment (as a percent) | 1.40% | |||
Quarterly repayment of interest | ANZ 2015 | Rupiah | Maximum | ||||
Borrowings and other credit facilities | ||||
Interest rate adjustment (as a percent) | 2% | |||
Repayment of Interest, Semi Annually | BCA 2020 - 2021 | Rupiah | ||||
Borrowings and other credit facilities | ||||
Interest rate adjustment (as a percent) | 1.50% | |||
Repayment of Interest, Semi Annually | Bank CIMB Niaga 2021 - 2022 (Telin) | United States Dollar | ||||
Borrowings and other credit facilities | ||||
Interest rate adjustment (as a percent) | 1.82% | |||
Repayment of Interest, Semi Annually | DBS 2021 | Rupiah | ||||
Borrowings and other credit facilities | ||||
Interest rate adjustment (as a percent) | 1.70% | |||
Repayment of Interest, Semi Annually | Syndication of Banks - 2018 | United States Dollar | ||||
Borrowings and other credit facilities | ||||
Interest rate adjustment (as a percent) | 1.25% | |||
Repayment of Interest, Semi Annually | Syndication of Banks - 2022 | Rupiah | ||||
Borrowings and other credit facilities | ||||
Interest rate adjustment (as a percent) | 7.68% | |||
Repayment of Interest, Semi Annually | HSBC 2021 | United States Dollar | ||||
Borrowings and other credit facilities | ||||
Interest rate adjustment (as a percent) | 1.50% | |||
Annually Repayment of Interest | UOB Singapore - 2018 | Rupiah | ||||
Borrowings and other credit facilities | ||||
Interest rate adjustment (as a percent) | 1.25% |
LONG-TERM LOANS AND OTHER BO_10
LONG-TERM LOANS AND OTHER BORROWINGS - Other borrowings (Details) $ in Millions, Rp in Billions | Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) |
Disclosure of detailed information about borrowings [line items] | |||
Current maturities | Rp (8,858) | Rp (9,690) | |
Long-term portion | 27,331 | $ 1,756 | 36,319 |
PT Sarana Multi Infrastruktur | |||
Disclosure of detailed information about borrowings [line items] | |||
Total loans and other borrowings | 1,315 | 2,609 | |
Unamortized debt issuance cost | (1) | (4) | |
Total loans and other borrowings | 1,314 | 2,605 | |
Current maturities | (952) | (1,041) | |
Long-term portion | Rp 362 | Rp 1,564 |
LONG-TERM LOANS AND OTHER BO_11
LONG-TERM LOANS AND OTHER BORROWINGS - Other borrowings agreements (Details) Rp in Billions | 12 Months Ended |
Dec. 31, 2022 IDR (Rp) | |
Pt Sarana Multi Infrastructure Other Borrowings Issued On March 292019 [Member] | Minimum | |
Borrowings and other credit facilities | |
Net debt to EBITDA ratio | 4% |
The company | PT Sarana Multi Infrastruktur | |
Borrowings and other credit facilities | |
Maximum debt to equity ratio | 2 |
Minimum debt service coverage | 125% |
Quarterly repayment of interest | The company | Pt Sarana Multi Infrastructure Other Borrowings Issued On March 292019 [Member] | Rupiah | |
Borrowings and other credit facilities | |
Interest rate adjustment (as a percent) | 1.75% |
Repayment of Interest, Semi Annually | Pt Sarana Multi Infrastructure Other Borrowings Issued On March 292019 [Member] | Rupiah | Telkomsat | |
Borrowings and other credit facilities | |
Total facility | Rp 164 |
Current period payment | Rp 23.5 |
Interest rate (as a percent) | 1.75% |
Repayment of Interest, Semi Annually | The company | Pt Sarana Multi Infrastructure Other Borrowings Issued On March 292019 [Member] | Rupiah | |
Borrowings and other credit facilities | |
Total facility | Rp 2,836 |
Current period payment | 700 |
Repayment of Interest, Semi Annually | The company | Pt Sarana Multi Infrastructure Other Borrowings Three Issued On November 142018 [Member] | Rupiah | |
Borrowings and other credit facilities | |
Total facility | 1,000 |
Current period payment | Rp 220 |
Interest rate (as a percent) | 1.75% |
NON-CONTROLLING INTERESTS (Deta
NON-CONTROLLING INTERESTS (Details) $ in Millions, Rp in Billions | 12 Months Ended | ||||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | Dec. 31, 2022 USD ($) | |
Noncontrolling Interests | |||||
Non-controlling interests in net assets of subsidiaries | Rp 19,851 | Rp 23,541 | $ 1,275 | ||
Non-controlling interests | 7,038 | $ 452 | 9,195 | Rp 8,469 | |
Total non-controlling interest in subsidiaries | |||||
Noncontrolling Interests | |||||
Non-controlling interests in net assets of subsidiaries | 19,851 | 23,541 | |||
Non-controlling interests | 6,984 | 9,222 | 8,838 | ||
Telkomsel | |||||
Noncontrolling Interests | |||||
Non-controlling interests in net assets of subsidiaries | 10,450 | 13,663 | |||
Non-controlling interests | 6,476 | 9,183 | 8,849 | ||
Mitratel | |||||
Noncontrolling Interests | |||||
Non-controlling interests in net assets of subsidiaries | 9,031 | 9,455 | |||
Non-controlling interests | 504 | 79 | |||
Other interests | |||||
Noncontrolling Interests | |||||
Non-controlling interests in net assets of subsidiaries | 370 | 423 | |||
Non-controlling interests | Rp 4 | Rp (40) | Rp (11) |
NON-CONTROLLING INTERESTS - Mat
NON-CONTROLLING INTERESTS - Material Partly-owned Subsidiary (Details) | 12 Months Ended | ||
Nov. 15, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Telkomsel | |||
Noncontrolling Interests | |||
Ownership interest | 35% | 35% | |
Mitratel | |||
Noncontrolling Interests | |||
Ownership interest | 28.13% | 28.15% | 28.13% |
NON-CONTROLLING INTERESTS - Sum
NON-CONTROLLING INTERESTS - Summarized Statements of Financial Position (Details) $ in Millions, Rp in Billions | Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | Dec. 31, 2019 IDR (Rp) |
Noncontrolling Interests | |||||
Current assets | Rp 55,073 | $ 3,536 | Rp 61,288 | ||
Non-current assets | 219,744 | 14,115 | 214,870 | ||
Current liabilities | (70,235) | (4,511) | (68,695) | ||
Non-current liabilities | (55,507) | (3,565) | (62,291) | ||
TOTAL EQUITY | 149,075 | 9,575 | 145,172 | Rp 120,514 | Rp 117,224 |
Owners of the parent company | 129,224 | 8,300 | 121,631 | ||
Non-controlling interests | 19,851 | $ 1,275 | 23,541 | ||
Telkomsel | |||||
Noncontrolling Interests | |||||
Current assets | 16,290 | 12,288 | |||
Non-current assets | 83,795 | 87,825 | |||
Current liabilities | (31,921) | (31,316) | |||
Non-current liabilities | (38,365) | (29,757) | |||
TOTAL EQUITY | 29,799 | 39,040 | |||
Owners of the parent company | 19,349 | 25,377 | |||
Non-controlling interests | 10,450 | 13,663 | |||
Mitratel | |||||
Noncontrolling Interests | |||||
Current assets | 7,886 | 21,303 | |||
Non-current assets | 48,163 | 36,396 | |||
Current liabilities | (10,206) | (6,480) | |||
Non-current liabilities | (12,061) | (17,605) | |||
TOTAL EQUITY | 33,782 | 33,614 | |||
Owners of the parent company | 24,751 | 24,159 | |||
Non-controlling interests | Rp 9,031 | Rp 9,455 |
NON-CONTROLLING INTERESTS - S_2
NON-CONTROLLING INTERESTS - Summarized Statements of Profit or Loss and Other Comprehensive Income (Details) $ in Millions, Rp in Billions | 12 Months Ended | |||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | |
Noncontrolling Interests | ||||
Revenue | Rp 147,306 | $ 9,462 | Rp 143,210 | Rp 136,447 |
Other expense - net | 35 | 3 | 162 | 810 |
Profit before income tax | 36,430 | 2,340 | 43,739 | 39,147 |
Income tax expense - net | (8,710) | (559) | (9,640) | (9,257) |
PROFIT FOR THE YEAR | 27,720 | 1,781 | 34,099 | 29,890 |
Other comprehensive income (loss) - net | 1,767 | 113 | 1,980 | (3,581) |
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 29,487 | 1,894 | 36,079 | 26,309 |
Attributable to non-controlling interests | 7,038 | $ 452 | 9,195 | 8,469 |
Telkomsel | ||||
Noncontrolling Interests | ||||
Revenue | 89,039 | 87,506 | 87,103 | |
Operating expenses | (59,332) | (52,356) | (55,834) | |
Other expense - net | (5,375) | (1,980) | 451 | |
Profit before income tax | 24,332 | 33,170 | 31,720 | |
Income tax expense - net | (5,805) | (6,931) | (6,436) | |
PROFIT FOR THE YEAR | 18,527 | 26,239 | 25,284 | |
Other comprehensive income (loss) - net | 145 | (75) | (1,054) | |
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 18,672 | 26,164 | 24,230 | |
Attributable to non-controlling interests | 6,476 | 9,183 | 8,849 | |
Dividend paid to non-controlling interest | 9,784 | 13,204 | Rp 7,725 | |
Mitratel | ||||
Noncontrolling Interests | ||||
Revenue | 7,729 | 6,870 | ||
Operating expenses | (4,567) | (4,123) | ||
Other expense - net | (1,195) | (820) | ||
Profit before income tax | 1,967 | 1,927 | ||
Income tax expense - net | (175) | (494) | ||
PROFIT FOR THE YEAR | 1,792 | 1,433 | ||
Other comprehensive income (loss) - net | (1) | 8 | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,791 | 1,441 | ||
Attributable to non-controlling interests | 504 | Rp 79 | ||
Dividend paid to non-controlling interest | Rp 272 |
NON-CONTROLLING INTERESTS - S_3
NON-CONTROLLING INTERESTS - Summarized Statements of Cash Flows (Details) $ in Millions, Rp in Billions | 12 Months Ended | |||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | |
Noncontrolling Interests | ||||
Operating | Rp 73,354 | $ 4,713 | Rp 68,353 | Rp 65,317 |
Investing | (39,122) | (2,513) | (37,914) | (35,099) |
Financing | (40,965) | (2,631) | (12,775) | (27,910) |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (6,733) | $ (431) | 17,664 | 2,308 |
Telkomsel | ||||
Noncontrolling Interests | ||||
Operating | 42,970 | 40,789 | 39,758 | |
Investing | (8,652) | (12,943) | (10,923) | |
Financing | (30,783) | (34,239) | (28,277) | |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 3,535 | (6,393) | Rp 558 | |
Mitratel | ||||
Noncontrolling Interests | ||||
Operating | 6,020 | 5,363 | ||
Investing | (10,893) | (12,597) | ||
Financing | (7,921) | 25,851 | ||
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | Rp (12,794) | Rp 18,617 |
CAPITAL STOCK (Details)
CAPITAL STOCK (Details) - Capital stock - IDR (Rp) Rp in Billions | Dec. 31, 2022 | Dec. 31, 2021 |
Share capital | ||
Number of shares outstanding | 99,062,216,600 | 99,062,216,600 |
Percentage of ownership | 100% | 100% |
Outstanding capital | Rp 4,953 | Rp 4,953 |
Series A Dwiwarna Share | ||
Share capital | ||
Number of shares outstanding | 1 | |
Series A Dwiwarna Share | Government agencies | ||
Share capital | ||
Number of shares outstanding | 1 | 1 |
Percentage of ownership | 0% | 0% |
Outstanding capital | Rp 0 | Rp 0 |
Series B shares | ||
Share capital | ||
Number of shares outstanding | 99,062,216,559 | |
Series B shares | Government agencies | ||
Share capital | ||
Number of shares outstanding | 51,602,353,559 | 51,602,353,559 |
Percentage of ownership | 52.09% | 52.09% |
Outstanding capital | Rp 2,580 | Rp 2,580 |
Series B shares | The Bank of New York Mellon Corporation | ||
Share capital | ||
Number of shares outstanding | 3,889,668,580 | 4,829,039,080 |
Percentage of ownership | 3.93% | 4.87% |
Outstanding capital | Rp 194 | Rp 241 |
Series B shares | Arya Mahendra Sinulingga | ||
Share capital | ||
Number of shares outstanding | 87,500 | |
Percentage of ownership | 0% | |
Outstanding capital | Rp 0 | |
Series B shares | Ririek Adriansyah | ||
Share capital | ||
Number of shares outstanding | 1,156,955 | 1,156,955 |
Percentage of ownership | 0% | 0% |
Outstanding capital | Rp 0 | Rp 0 |
Series B shares | Budi Setyawan Wijaya | ||
Share capital | ||
Number of shares outstanding | 275,000 | 275,000 |
Percentage of ownership | 0% | 0% |
Outstanding capital | Rp 0 | Rp 0 |
Series B shares | Afriwandi | ||
Share capital | ||
Number of shares outstanding | 42,500 | 42,500 |
Percentage of ownership | 0% | 0% |
Outstanding capital | Rp 0 | Rp 0 |
Series B shares | Herlan Wijanarko | ||
Share capital | ||
Number of shares outstanding | 42,500 | 42,500 |
Percentage of ownership | 0% | 0% |
Outstanding capital | Rp 0 | Rp 0 |
Series B shares | Heri Sunaryadi | ||
Share capital | ||
Number of shares outstanding | 40,000 | 40,000 |
Percentage of ownership | 0% | 0% |
Outstanding capital | Rp 0 | Rp 0 |
Series B shares | Edi Witjara | ||
Share capital | ||
Number of shares outstanding | 32,500 | |
Percentage of ownership | 0% | |
Outstanding capital | Rp 0 | |
Series B shares | Public | ||
Share capital | ||
Number of shares outstanding | 43,568,550,005 | 42,629,234,505 |
Percentage of ownership | 43.98% | 43.04% |
Outstanding capital | Rp 2,179 | Rp 2,132 |
CAPITAL STOCK - Narrative (Deta
CAPITAL STOCK - Narrative (Details) Rp / shares in Units, $ in Millions, Rp in Billions | 12 Months Ended | |||
Dec. 31, 2022 IDR (Rp) Rp / shares shares | Dec. 31, 2022 USD ($) Rp / shares shares | Dec. 31, 2021 IDR (Rp) Rp / shares shares | Dec. 31, 2020 IDR (Rp) | |
Disclosure of classes of share capital [line items] | ||||
Number of listed American Depository Shares | 38,896,686 | 38,896,686 | ||
Cash dividend | Rp | Rp 14,856 | Rp 12,482 | ||
Cash dividend (per share) | Rp / shares | 149.97 | 149.97 | 126.01 | |
Special cash dividend | Rp | Rp 4,161 | |||
Special cash dividend (per share) | Rp / shares | Rp 42 | |||
Cash dividends paid to non-controlling interests of subsidiaries | Rp 10,103 | $ 649 | Rp 13,242 | Rp 7,778 |
Capital stock | ||||
Disclosure of classes of share capital [line items] | ||||
Number of shares outstanding | 99,062,216,600 | 99,062,216,600 | 99,062,216,600 | |
Series A Dwiwarna Share | Capital stock | ||||
Disclosure of classes of share capital [line items] | ||||
Number of shares outstanding | 1 | 1 | ||
Series B shares | ||||
Disclosure of classes of share capital [line items] | ||||
Number of shares per American Depository Shares | 100 | 100 | ||
Series B shares | Capital stock | ||||
Disclosure of classes of share capital [line items] | ||||
Number of shares outstanding | 99,062,216,559 | 99,062,216,559 |
BASIC AND DILUTED EARNINGS PE_2
BASIC AND DILUTED EARNINGS PER SHARE (Details) Rp / shares in Units, $ / shares in Units, $ in Millions, Rp in Billions | 12 Months Ended | |||
Dec. 31, 2022 IDR (Rp) Rp / shares shares | Dec. 31, 2022 USD ($) $ / shares shares | Dec. 31, 2021 IDR (Rp) Rp / shares shares | Dec. 31, 2020 IDR (Rp) Rp / shares shares | |
BASIC AND DILUTED EARNINGS PER SHARE | ||||
Owners of the parent company | Rp 20,736 | $ 1,332 | Rp 24,877 | Rp 21,052 |
Weighted average shares outstanding, basic | 99,062,216,600 | 99,062,216,600 | 99,062,216,600 | 99,062,216,600 |
Profit per share - (Basic) | (per share) | Rp 209.32 | $ 0.01 | Rp 251.13 | Rp 212.51 |
REVENUES (Details)
REVENUES (Details) $ in Millions, Rp in Billions | 12 Months Ended | |||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | |
Revenues | ||||
Total revenues | Rp 147,306 | $ 9,462 | Rp 143,210 | Rp 136,447 |
Total external revenues as reported in note operating segment | 147,306 | 143,210 | 136,447 | |
Mobile | ||||
Revenues | ||||
Total revenues from contracts with customers | 85,493 | 84,267 | 83,720 | |
Total revenues | 85,493 | 84,267 | 83,720 | |
Total external revenues as reported in note operating segment | 85,493 | 84,267 | 83,720 | |
Consumer | ||||
Revenues | ||||
Total revenues from contracts with customers | 26,349 | 24,928 | 21,005 | |
Total revenues | 26,349 | 24,928 | 21,005 | |
Adjustments and eliminations | 5 | 2 | (48) | |
Total external revenues as reported in note operating segment | 26,354 | 24,930 | 20,957 | |
Enterprise | ||||
Revenues | ||||
Total revenues from contracts with customers | 19,149 | 19,133 | 17,716 | |
Total revenues | 19,149 | 19,133 | 17,716 | |
Adjustments and eliminations | 12 | 8 | 13 | |
Total external revenues as reported in note operating segment | 19,161 | 19,141 | 17,729 | |
WIB | ||||
Revenues | ||||
Total revenues from contracts with customers | 12,840 | 11,839 | 11,211 | |
Revenues from lessor transactions | 2,604 | 2,412 | 2,277 | |
Total revenues | 15,444 | 14,251 | 13,488 | |
Adjustments and eliminations | (2) | 4 | 13 | |
Total external revenues as reported in note operating segment | 15,442 | 14,255 | 13,501 | |
Others. | ||||
Revenues | ||||
Total revenues from contracts with customers | 871 | 631 | 518 | |
Total revenues | 871 | 631 | 518 | |
Adjustments and eliminations | (632) | (426) | (299) | |
Total external revenues as reported in note operating segment | 239 | 205 | 219 | |
Total Segment | ||||
Revenues | ||||
Total revenues from contracts with customers | 144,702 | 140,798 | 134,170 | |
Revenues from lessor transactions | 2,604 | 2,412 | 2,277 | |
Total revenues | 147,306 | 143,210 | 136,447 | |
Telephone revenues | Mobile | ||||
Revenues | ||||
Total revenues from contracts with customers | 11,905 | 14,664 | 19,427 | |
Telephone revenues | Consumer | ||||
Revenues | ||||
Total revenues from contracts with customers | 757 | 896 | 1,072 | |
Telephone revenues | Enterprise | ||||
Revenues | ||||
Total revenues from contracts with customers | 604 | 649 | 838 | |
Telephone revenues | WIB | ||||
Revenues | ||||
Total revenues from contracts with customers | 322 | 258 | 273 | |
Telephone revenues | Total Segment | ||||
Revenues | ||||
Total revenues from contracts with customers | 13,588 | 16,467 | 21,610 | |
Cellular | Mobile | ||||
Revenues | ||||
Total revenues from contracts with customers | 11,905 | 14,664 | 19,427 | |
Cellular | WIB | ||||
Revenues | ||||
Total revenues from contracts with customers | 147 | 73 | 83 | |
Cellular | Total Segment | ||||
Revenues | ||||
Total revenues from contracts with customers | 12,052 | 14,737 | 19,510 | |
Fixed Lines | Consumer | ||||
Revenues | ||||
Total revenues from contracts with customers | 757 | 896 | 1,072 | |
Fixed Lines | Enterprise | ||||
Revenues | ||||
Total revenues from contracts with customers | 604 | 649 | 838 | |
Fixed Lines | WIB | ||||
Revenues | ||||
Total revenues from contracts with customers | 175 | 185 | 190 | |
Fixed Lines | Total Segment | ||||
Revenues | ||||
Total revenues from contracts with customers | 1,536 | 1,730 | 2,100 | |
Interconnection revenues | Mobile | ||||
Revenues | ||||
Total revenues from contracts with customers | 285 | 368 | 410 | |
Interconnection revenues | WIB | ||||
Revenues | ||||
Total revenues from contracts with customers | 8,187 | 7,419 | 7,276 | |
Interconnection revenues | Total Segment | ||||
Revenues | ||||
Total revenues from contracts with customers | 8,472 | 7,787 | 7,686 | |
Total data, internet and information technology service revenues | Mobile | ||||
Revenues | ||||
Total revenues from contracts with customers | 73,275 | 69,228 | 63,879 | |
Total data, internet and information technology service revenues | Consumer | ||||
Revenues | ||||
Total revenues from contracts with customers | 308 | 240 | 55 | |
Total data, internet and information technology service revenues | Enterprise | ||||
Revenues | ||||
Total revenues from contracts with customers | 9,532 | 9,598 | 9,445 | |
Total data, internet and information technology service revenues | WIB | ||||
Revenues | ||||
Total revenues from contracts with customers | 3,088 | 2,978 | 2,297 | |
Total data, internet and information technology service revenues | Others. | ||||
Revenues | ||||
Total revenues from contracts with customers | 207 | 180 | 140 | |
Total data, internet and information technology service revenues | Total Segment | ||||
Revenues | ||||
Total revenues from contracts with customers | 86,410 | 82,224 | 75,816 | |
Cellular data and internet | Mobile | ||||
Revenues | ||||
Total revenues from contracts with customers | 69,006 | 64,500 | 59,502 | |
Cellular data and internet | Total Segment | ||||
Revenues | ||||
Total revenues from contracts with customers | 69,006 | 64,500 | 59,502 | |
Internet, data communication and information technology services | Consumer | ||||
Revenues | ||||
Total revenues from contracts with customers | 308 | 240 | 13 | |
Internet, data communication and information technology services | Enterprise | ||||
Revenues | ||||
Total revenues from contracts with customers | 7,750 | 7,976 | 8,066 | |
Internet, data communication and information technology services | WIB | ||||
Revenues | ||||
Total revenues from contracts with customers | 2,228 | 2,056 | 1,665 | |
Internet, data communication and information technology services | Total Segment | ||||
Revenues | ||||
Total revenues from contracts with customers | 10,286 | 10,272 | 9,744 | |
SMS | Mobile | ||||
Revenues | ||||
Total revenues from contracts with customers | 4,260 | 4,728 | 4,377 | |
SMS | Enterprise | ||||
Revenues | ||||
Total revenues from contracts with customers | 49 | 26 | 440 | |
SMS | Total Segment | ||||
Revenues | ||||
Total revenues from contracts with customers | 4,309 | 4,754 | 4,817 | |
Others | Mobile | ||||
Revenues | ||||
Total revenues from contracts with customers | 9 | |||
Others | Consumer | ||||
Revenues | ||||
Total revenues from contracts with customers | 42 | |||
Others | Enterprise | ||||
Revenues | ||||
Total revenues from contracts with customers | 1,733 | 1,596 | 939 | |
Others | WIB | ||||
Revenues | ||||
Total revenues from contracts with customers | 860 | 922 | 632 | |
Others | Others. | ||||
Revenues | ||||
Total revenues from contracts with customers | 207 | 180 | 140 | |
Others | Total Segment | ||||
Revenues | ||||
Total revenues from contracts with customers | 2,809 | 2,698 | 1,753 | |
Network revenues | Mobile | ||||
Revenues | ||||
Total revenues from contracts with customers | 3 | 4 | 4 | |
Network revenues | Enterprise | ||||
Revenues | ||||
Total revenues from contracts with customers | 1,438 | 1,087 | 766 | |
Network revenues | WIB | ||||
Revenues | ||||
Total revenues from contracts with customers | 937 | 789 | 901 | |
Network revenues | Total Segment | ||||
Revenues | ||||
Total revenues from contracts with customers | 2,378 | 1,880 | 1,671 | |
Indihome revenues | Consumer | ||||
Revenues | ||||
Total revenues from contracts with customers | 25,232 | 23,720 | 19,827 | |
Indihome revenues | Enterprise | ||||
Revenues | ||||
Total revenues from contracts with customers | 2,788 | 2,605 | 2,387 | |
Indihome revenues | Total Segment | ||||
Revenues | ||||
Total revenues from contracts with customers | 28,020 | 26,325 | 22,214 | |
Total other services | Mobile | ||||
Revenues | ||||
Total revenues from contracts with customers | 25 | 3 | ||
Total other services | Consumer | ||||
Revenues | ||||
Total revenues from contracts with customers | 52 | 72 | 51 | |
Total other services | Enterprise | ||||
Revenues | ||||
Total revenues from contracts with customers | 4,787 | 5,194 | 4,280 | |
Total other services | WIB | ||||
Revenues | ||||
Total revenues from contracts with customers | 306 | 395 | 464 | |
Total other services | Others. | ||||
Revenues | ||||
Total revenues from contracts with customers | 664 | 451 | 378 | |
Total other services | Total Segment | ||||
Revenues | ||||
Total revenues from contracts with customers | 5,834 | 6,115 | 5,173 | |
Manage service and terminal | Enterprise | ||||
Revenues | ||||
Total revenues from contracts with customers | 1,156 | 2,047 | 1,292 | |
Manage service and terminal | WIB | ||||
Revenues | ||||
Total revenues from contracts with customers | 1 | 1 | 1 | |
Manage service and terminal | Total Segment | ||||
Revenues | ||||
Total revenues from contracts with customers | 1,157 | 2,048 | 1,293 | |
Call centre service | Enterprise | ||||
Revenues | ||||
Total revenues from contracts with customers | 1,139 | 1,012 | 775 | |
Call centre service | WIB | ||||
Revenues | ||||
Total revenues from contracts with customers | 25 | 69 | 70 | |
Call centre service | Total Segment | ||||
Revenues | ||||
Total revenues from contracts with customers | 1,164 | 1,081 | 845 | |
E-health | Enterprise | ||||
Revenues | ||||
Total revenues from contracts with customers | 729 | 640 | 549 | |
E-health | Total Segment | ||||
Revenues | ||||
Total revenues from contracts with customers | 729 | 640 | 549 | |
E-payment | Mobile | ||||
Revenues | ||||
Total revenues from contracts with customers | 20 | 3 | ||
E-payment | Enterprise | ||||
Revenues | ||||
Total revenues from contracts with customers | 454 | 459 | 475 | |
E-payment | Others. | ||||
Revenues | ||||
Total revenues from contracts with customers | 25 | 24 | ||
E-payment | Total Segment | ||||
Revenues | ||||
Total revenues from contracts with customers | 474 | 487 | 499 | |
Others services | Mobile | ||||
Revenues | ||||
Total revenues from contracts with customers | 5 | |||
Others services | Consumer | ||||
Revenues | ||||
Total revenues from contracts with customers | 52 | 72 | 51 | |
Others services | Enterprise | ||||
Revenues | ||||
Total revenues from contracts with customers | 1,309 | 1,036 | 1,189 | |
Others services | WIB | ||||
Revenues | ||||
Total revenues from contracts with customers | 280 | 325 | 393 | |
Others services | Others. | ||||
Revenues | ||||
Total revenues from contracts with customers | 664 | 426 | 354 | |
Others services | Total Segment | ||||
Revenues | ||||
Total revenues from contracts with customers | Rp 2,310 | Rp 1,859 | Rp 1,987 |
REVENUES - Narrative (Details)
REVENUES - Narrative (Details) Rp in Billions | 12 Months Ended |
Dec. 31, 2022 IDR (Rp) | |
Minimum | |
Revenues | |
Lease term | 1 year |
Maximum | |
Revenues | |
Lease term | 10 years |
No later than a year | |
Revenues | |
Unsatisfied performance obligations | Rp 6,455 |
More than one year | |
Revenues | |
Unsatisfied performance obligations | Rp 4,703 |
PERSONNEL EXPENSES (Details)
PERSONNEL EXPENSES (Details) $ in Millions, Rp in Billions | 12 Months Ended | |||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | |
PERSONNEL EXPENSES | ||||
Salaries and related benefits | Rp 9,360 | Rp 8,661 | Rp 8,272 | |
Vacation pay, incentives, and other benefits | 3,835 | 4,999 | 4,321 | |
Pension and other post-employment benefits (Note 29) | 1,585 | 1,680 | 1,449 | |
LSA expense (Note 30) | 92 | 153 | 290 | |
Others | 35 | 31 | 58 | |
Total | Rp 14,907 | $ 957 | Rp 15,524 | Rp 14,390 |
OPERATION, MAINTENANCE, AND T_3
OPERATION, MAINTENANCE, AND TELECOMMUNICATION SERVICE EXPENSES (Details) $ in Millions, Rp in Billions | 12 Months Ended | |||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | |
OPERATION, MAINTENANCE, AND TELECOMMUNICATION SERVICE EXPENSES | ||||
Operation and maintenance | Rp 22,746 | Rp 21,467 | Rp 19,956 | |
Radio frequency usage charges (Note 33c.i) | 6,510 | 6,097 | 5,930 | |
Leased lines and Customer Premises Equipment("CPE") | 3,530 | 5,003 | 3,353 | |
Concession fees and USO charges (Note 16) | 2,601 | 2,472 | 2,411 | |
Electricity, gas, and water | 904 | 898 | 946 | |
Cost of SIM cards, vouchers, and sales of peripherals (Note 8) | 747 | 739 | 544 | |
Project management | 400 | 519 | 538 | |
Vehicles rental and supporting facilities | 343 | 305 | 378 | |
Insurance | 230 | 432 | 334 | |
Others (each below Rp100 billion) | 173 | 201 | 185 | |
Total | Rp 38,184 | $ 2,453 | Rp 38,133 | Rp 34,575 |
GENERAL AND ADMINISTRATIVE EX_3
GENERAL AND ADMINISTRATIVE EXPENSES (Details) $ in Millions, Rp in Billions | 12 Months Ended | |||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | |
GENERAL AND ADMINISTRATIVE EXPENSES | ||||
General expenses | Rp 2,259 | Rp 2,043 | Rp 1,805 | |
Professional fees | 1,097 | 789 | 981 | |
Allowance for expected credit losses | 563 | 477 | 2,344 | |
Traveling | 421 | 321 | 275 | |
Training, education, and recruitment | 371 | 284 | 308 | |
Meeting | 312 | 249 | 184 | |
Social contribution | 218 | 213 | 223 | |
Collection expenses | 173 | 212 | 193 | |
Research and development | 108 | 82 | 52 | |
Others (each below Rp100 billion) | 332 | 346 | 199 | |
Total | Rp 5,854 | $ 376 | Rp 5,016 | Rp 6,564 |
TAXATION - Prepaid income taxes
TAXATION - Prepaid income taxes (Details) $ in Millions, Rp in Billions | Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) |
TAXATION | |||
Total corporate income tax | Rp 600 | Rp 1,162 | |
Current portion | (332) | $ (21) | (297) |
Non-current portion (Note 15) | 268 | 865 | |
The company | |||
TAXATION | |||
Total corporate income tax | 19 | 500 | |
Subsidiaries | |||
TAXATION | |||
Total corporate income tax | Rp 581 | Rp 662 |
TAXATION - Prepaid other taxes
TAXATION - Prepaid other taxes (Details) $ in Millions, Rp in Billions | Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) |
TAXATION | |||
Total | Rp 1,865 | Rp 3,761 | |
Current portion | (1,512) | $ (97) | (2,537) |
Non-current portion (Note 15) | 353 | 1,224 | |
The company | |||
TAXATION | |||
VAT | 155 | 1,004 | |
Article 21 - Individual income tax | 3 | ||
Article 22 - Withholding tax on goods delivery and import | 1 | ||
Article 23 - Withholding tax on services delivery | 97 | 81 | |
Subsidiaries | |||
TAXATION | |||
VAT | 1,561 | 2,635 | |
Article 23 - Withholding tax on services delivery | 24 | 36 | |
Article 4 (2) - Final tax | Rp 24 | Rp 5 |
TAXATION - Current income tax l
TAXATION - Current income tax liabilities (Details) $ in Millions, Rp in Billions | Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) |
TAXATION | |||
Total | Rp 2,807 | $ 180 | Rp 1,609 |
The company | |||
TAXATION | |||
Article 25 - Installment of corporate income tax | 190 | 211 | |
Article 29 - Corporate income tax | 575 | 455 | |
Subsidiaries | |||
TAXATION | |||
Article 25 - Installment of corporate income tax | 260 | 24 | |
Article 29 - Corporate income tax | Rp 1,782 | Rp 919 |
TAXATION - Other tax liabilitie
TAXATION - Other tax liabilities (Details) $ in Millions, Rp in Billions | Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) |
TAXATION | |||
Total | Rp 2,565 | $ 165 | Rp 2,314 |
The company | |||
TAXATION | |||
Article 4 (2) - Final tax | 50 | 53 | |
Article 21 - Individual income tax | 79 | 97 | |
Article 22 - Withholding tax on goods delivery and imports | 7 | 8 | |
Article 23 - Withholding tax on services delivery | 48 | 47 | |
Article 26 - Withholding tax on non-resident income | 5 | 3 | |
VAT | 244 | 505 | |
VAT - Tax collector | 286 | 409 | |
Total | 719 | 1,122 | |
Subsidiaries | |||
TAXATION | |||
Article 4 (2) - Final tax | 287 | 214 | |
Article 21 - Individual income tax | 206 | 151 | |
Article 22 - Withholding tax on goods delivery and imports | 5 | 3 | |
Article 23 - Withholding tax on services delivery | 68 | 65 | |
Article 26 - Withholding tax on non-resident income | 262 | 14 | |
VAT | 493 | 745 | |
VAT - Tax collector | 525 | ||
Total | Rp 1,846 | Rp 1,192 |
TAXATION - Components of consol
TAXATION - Components of consolidated income tax expense (benefit) (Details) $ in Millions, Rp in Billions | 12 Months Ended | |||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | |
TAXATION | ||||
Current | Rp 9,259 | $ 595 | Rp 9,556 | Rp 9,798 |
Deferred | (549) | (36) | 84 | (541) |
Net Income Tax Expense | 8,710 | $ 559 | 9,640 | 9,257 |
The company | ||||
TAXATION | ||||
Current | 2,134 | 2,236 | 1,976 | |
Deferred | (102) | (614) | 8 | |
Subsidiaries | ||||
TAXATION | ||||
Current | 7,125 | 7,320 | 7,822 | |
Deferred | Rp (447) | Rp 698 | Rp (549) |
TAXATION - Reconciliation of in
TAXATION - Reconciliation of income tax expense (Details) $ in Millions, Rp in Billions | 12 Months Ended | |||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | |
Income Tax Disclosure [Line Items] | ||||
Profit before income tax | Rp 36,430 | $ 2,340 | Rp 43,739 | Rp 39,147 |
Less: consolidated income subject to final tax - net | (5,807) | (2,378) | (1,675) | |
Net | 30,623 | 41,361 | 37,472 | |
Income tax expense calculated at the Company's applicable statutory tax rate | 5,818 | 7,859 | 7,120 | |
Difference in applicable statutory tax rate for subsidiaries | 699 | 1,067 | 898 | |
Non-deductible expenses | 1,994 | (24) | 370 | |
Final income tax expense | 36 | 36 | 51 | |
Deferred tax adjustment rate | (508) | (230) | 210 | |
Unrecognized deferred tax | (61) | 17 | 201 | |
Others | 732 | 915 | 407 | |
Net Income Tax Expense | Rp 8,710 | $ 559 | Rp 9,640 | Rp 9,257 |
The company | ||||
Income Tax Disclosure [Line Items] | ||||
Applicable tax rate | 19% | 19% | 19% | 19% |
Subsidiaries | ||||
Income Tax Disclosure [Line Items] | ||||
Applicable tax rate | 22% | 22% | 22% | 22% |
TAXATION - Details of the net i
TAXATION - Details of the net income tax expense (Details) $ in Millions, Rp in Billions | 12 Months Ended | |||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | |
TAXATION | ||||
Estimated taxable income of the Company | Rp 11,039 | Rp 11,593 | Rp 10,140 | |
Total income tax expense - current | 9,259 | $ 595 | 9,556 | 9,798 |
Net income tax benefit - deferred | (549) | (36) | 84 | (541) |
Net Income Tax Expense | Rp 8,710 | $ 559 | 9,640 | 9,257 |
Change in tax rate | 3% | 3% | ||
Domestic Corporate Taxpayers | ||||
TAXATION | ||||
Applicable tax rate | 22% | 22% | ||
The company | ||||
TAXATION | ||||
Corporate income tax | Rp 2,098 | 2,202 | 1,927 | |
Current corporate income tax expense: | 1 | |||
Final tax expense | 36 | 34 | 48 | |
Total income tax expense - current | 2,134 | 2,236 | 1,976 | |
Net income tax benefit - deferred | Rp (102) | Rp (614) | Rp 8 | |
Threshold percentage of interest owned by public | 40% | 40% | ||
Applicable tax rate | 19% | 19% | 19% | 19% |
The company | Cost to obtain contracts | ||||
TAXATION | ||||
Net income tax benefit - deferred | Rp (24) | Rp (17) | Rp (45) | |
The company | Net periodic pension and other post-employment benefits costs and provision for employee benefits | ||||
TAXATION | ||||
Net income tax benefit - deferred | 25 | (134) | 179 | |
The company | Leases | ||||
TAXATION | ||||
Net income tax benefit - deferred | (1) | (1) | (3) | |
The company | Valuation of long-term investments | ||||
TAXATION | ||||
Net income tax benefit - deferred | (11) | |||
The company | Depreciation and gain on disposal or sale of property and equipment | ||||
TAXATION | ||||
Net income tax benefit - deferred | (174) | (217) | 13 | |
The company | Trade receivables write-off (provision for expected credit losses of receivables) | ||||
TAXATION | ||||
Net income tax benefit - deferred | 10 | (71) | (48) | |
The company | Realization of accrual (accrual) of expenses and inventory write-off (provision for inventory obsolescence) | ||||
TAXATION | ||||
Net income tax benefit - deferred | (13) | 3 | ||
The company | Amortization of (addition to) deferred installation fee | ||||
TAXATION | ||||
Net income tax benefit - deferred | (20) | (64) | (28) | |
The company | Amortization of intangible assets, land rights and others | ||||
TAXATION | ||||
Net income tax benefit - deferred | (1) | 1 | (4) | |
The company | Provision for employee benefits | ||||
TAXATION | ||||
Net income tax benefit - deferred | 96 | (111) | (48) | |
Subsidiaries | ||||
TAXATION | ||||
Corporate income tax | 7,125 | 7,318 | 7,819 | |
Final tax expense | 2 | 3 | ||
Total income tax expense - current | 7,125 | 7,320 | 7,822 | |
Net income tax benefit - deferred | Rp (447) | Rp 698 | Rp (549) | |
Applicable tax rate | 22% | 22% | 22% | 22% |
Telkomsel | ||||
TAXATION | ||||
Net income tax benefit - deferred | Rp (432) | Rp 587 | Rp (575) | |
Telkomsel | Leases | ||||
TAXATION | ||||
Net income tax benefit - deferred | 58 | (84) | 29 | |
Telkomsel | Depreciation and gain on disposal or sale of property and equipment | ||||
TAXATION | ||||
Net income tax benefit - deferred | (178) | 100 | (324) | |
Telkomsel | Trade receivables write-off (provision for expected credit losses of receivables) | ||||
TAXATION | ||||
Net income tax benefit - deferred | 35 | 103 | (384) | |
Telkomsel | Fair value measurement of other financial instruments | ||||
TAXATION | ||||
Net income tax benefit - deferred | (542) | 549 | ||
Telkomsel | Net periodic post-retirement health care benefit costs | ||||
TAXATION | ||||
Net income tax benefit - deferred | 0 | |||
Telkomsel | Amortization of (addition to) license | ||||
TAXATION | ||||
Net income tax benefit - deferred | (6) | 28 | (27) | |
Telkomsel | Provision for employee benefits | ||||
TAXATION | ||||
Net income tax benefit - deferred | (33) | (128) | 84 | |
Telkomsel | Contract liabilities | ||||
TAXATION | ||||
Net income tax benefit - deferred | (9) | 9 | ||
Telkomsel | Contract cost | ||||
TAXATION | ||||
Net income tax benefit - deferred | 27 | (27) | ||
Telkomsel | Other financial instruments | ||||
TAXATION | ||||
Net income tax benefit - deferred | 234 | 1 | 65 | |
Subsidiaries - others | ||||
TAXATION | ||||
Net income tax benefit - deferred | Rp (15) | Rp 111 | Rp 26 |
TAXATION - Tax assessments (Det
TAXATION - Tax assessments (Details) Rp in Thousands, $ in Millions | 1 Months Ended | 2 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||
Nov. 30, 2022 IDR (Rp) | Oct. 14, 2022 IDR (Rp) | Apr. 08, 2022 IDR (Rp) | Dec. 16, 2020 IDR (Rp) | Sep. 09, 2020 IDR (Rp) | Aug. 27, 2020 IDR (Rp) | Jul. 22, 2020 IDR (Rp) | Feb. 20, 2020 IDR (Rp) | Aug. 28, 2019 IDR (Rp) | Aug. 01, 2019 IDR (Rp) | Jun. 27, 2019 IDR (Rp) | May 31, 2019 IDR (Rp) | Jul. 18, 2018 IDR (Rp) | Jul. 24, 2017 IDR (Rp) | Apr. 25, 2017 IDR (Rp) | Aug. 31, 2022 IDR (Rp) | May 31, 2022 IDR (Rp) | Apr. 30, 2022 IDR (Rp) | May 23, 2018 IDR (Rp) | May 22, 2018 IDR (Rp) | May 31, 2022 IDR (Rp) | Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 13, 2022 IDR (Rp) | Sep. 24, 2019 IDR (Rp) | Aug. 23, 2019 IDR (Rp) | Aug. 20, 2019 IDR (Rp) | |
TAXATION | ||||||||||||||||||||||||||||||
Current income tax liabilities | Rp 2,807,000,000 | Rp 1,609,000,000 | $ 180 | |||||||||||||||||||||||||||
Income tax benefit (expense) | 8,710,000,000 | $ 559 | 9,640,000,000 | Rp 9,257,000,000 | ||||||||||||||||||||||||||
Current | 9,259,000,000 | $ 595 | 9,556,000,000 | 9,798,000,000 | ||||||||||||||||||||||||||
The company | ||||||||||||||||||||||||||||||
TAXATION | ||||||||||||||||||||||||||||||
VAT | 244,000,000 | 505,000,000 | ||||||||||||||||||||||||||||
Corporate income tax | 2,098,000,000 | 2,202,000,000 | 1,927,000,000 | |||||||||||||||||||||||||||
Current | 2,134,000,000 | 2,236,000,000 | 1,976,000,000 | |||||||||||||||||||||||||||
The company | 2018 SKPLB of VAT | ||||||||||||||||||||||||||||||
TAXATION | ||||||||||||||||||||||||||||||
Underpayment of tax | Rp 240,500,000 | |||||||||||||||||||||||||||||
Underpayment of penalty | 59,500,000 | |||||||||||||||||||||||||||||
The company | 2018 SKPLB of VAT WAPU | ||||||||||||||||||||||||||||||
TAXATION | ||||||||||||||||||||||||||||||
Underpayment of tax | 15,170,000 | |||||||||||||||||||||||||||||
Underpayment of penalty | 4,600,000 | |||||||||||||||||||||||||||||
Refund of corporate income taxes | Rp (270,400,000) | |||||||||||||||||||||||||||||
The company | 2018 STP of VAT WAPU | ||||||||||||||||||||||||||||||
TAXATION | ||||||||||||||||||||||||||||||
Underpayment of tax | 1,200,000 | |||||||||||||||||||||||||||||
The company | VAT Credit 2018 | ||||||||||||||||||||||||||||||
TAXATION | ||||||||||||||||||||||||||||||
Underpayment of tax | 4,800,000 | |||||||||||||||||||||||||||||
The company | SKPKB And STP Fiscal Year 2019 | ||||||||||||||||||||||||||||||
TAXATION | ||||||||||||||||||||||||||||||
Overpayment of tax | Rp 6,300,000 | |||||||||||||||||||||||||||||
Overpayment of Tax, Fine | 3,100,000 | |||||||||||||||||||||||||||||
The company | Domestic SKPKB of VAT 2019 | ||||||||||||||||||||||||||||||
TAXATION | ||||||||||||||||||||||||||||||
Overpayment of tax | Rp 60,800,000 | |||||||||||||||||||||||||||||
The company | VAT on taxable services from foreign countries | ||||||||||||||||||||||||||||||
TAXATION | ||||||||||||||||||||||||||||||
Sought value | Rp 54,600,000 | |||||||||||||||||||||||||||||
Loss Contingency, Self Assessed Offshore Value Added Tax | Rp 793,000 | |||||||||||||||||||||||||||||
The company | Withholding tax Article 21 | ||||||||||||||||||||||||||||||
TAXATION | ||||||||||||||||||||||||||||||
Corporate income tax | 1,900,000 | |||||||||||||||||||||||||||||
Underpayment of tax | 1,900,000 | |||||||||||||||||||||||||||||
Penalty charged to profit or loss | 573,900 | |||||||||||||||||||||||||||||
The company | Withholding tax Article 23 | ||||||||||||||||||||||||||||||
TAXATION | ||||||||||||||||||||||||||||||
Corporate income tax | 4,000 | |||||||||||||||||||||||||||||
Underpayment of tax | 4,000 | |||||||||||||||||||||||||||||
Penalty charged to profit or loss | 1,200 | |||||||||||||||||||||||||||||
The company | Corporate income tax 2015 | ||||||||||||||||||||||||||||||
TAXATION | ||||||||||||||||||||||||||||||
Overpayment of tax | Rp 147,000,000 | |||||||||||||||||||||||||||||
Amount accepted | 17,000,000 | |||||||||||||||||||||||||||||
Transfer of temporary differences related to provision for incentives to fixed wireless subscribers migration from fiscal year 2015 to fiscal year 2016. | 42,000,000 | |||||||||||||||||||||||||||||
Sought value | Rp 210,500,000 | |||||||||||||||||||||||||||||
The company | VAT 2015 | ||||||||||||||||||||||||||||||
TAXATION | ||||||||||||||||||||||||||||||
Underpayment of tax | 13,000,000 | 26,000,000 | ||||||||||||||||||||||||||||
Underpayment of penalty | 4,100,000 | |||||||||||||||||||||||||||||
Overpayment of tax | Rp 90,900,000 | |||||||||||||||||||||||||||||
Tax collection amount | Rp 76,000,000 | 34,000,000 | ||||||||||||||||||||||||||||
The company | VAT 2015 on tax collected | ||||||||||||||||||||||||||||||
TAXATION | ||||||||||||||||||||||||||||||
Underpayment of tax | 6,000,000 | |||||||||||||||||||||||||||||
Underpayment of penalty | 1,500,000 | |||||||||||||||||||||||||||||
Tax collection amount | 7,000,000 | |||||||||||||||||||||||||||||
The company | VAT 2015 on taxable services from foreign countries | ||||||||||||||||||||||||||||||
TAXATION | ||||||||||||||||||||||||||||||
Underpayment of tax | 55,300,000 | |||||||||||||||||||||||||||||
Underpayment of penalty | 16,800,000 | |||||||||||||||||||||||||||||
Tax collection amount | Rp 8,000,000 | |||||||||||||||||||||||||||||
Sought value | Rp 55,300,000 | |||||||||||||||||||||||||||||
The company | Corporate income tax 2018 | ||||||||||||||||||||||||||||||
TAXATION | ||||||||||||||||||||||||||||||
Income tax corrections | 1,100,000 | |||||||||||||||||||||||||||||
Corporate income tax | 101,500,000 | |||||||||||||||||||||||||||||
Underpayment of tax | Rp 85,300,000 | |||||||||||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||||||||
TAXATION | ||||||||||||||||||||||||||||||
VAT | 493,000,000 | 745,000,000 | ||||||||||||||||||||||||||||
Corporate income tax | 7,125,000,000 | 7,318,000,000 | 7,819,000,000 | |||||||||||||||||||||||||||
Current | 7,125,000,000 | Rp 7,320,000,000 | Rp 7,822,000,000 | |||||||||||||||||||||||||||
Telkomsel | 2018 SKPLB of VAT | ||||||||||||||||||||||||||||||
TAXATION | ||||||||||||||||||||||||||||||
Penalty on damages accepted | Rp 48,600,000 | |||||||||||||||||||||||||||||
Telkomsel | SKPKB And STP Fiscal Year 2014 | ||||||||||||||||||||||||||||||
TAXATION | ||||||||||||||||||||||||||||||
Claim for tax refund | Rp 99,100,000 | |||||||||||||||||||||||||||||
Refund tax received | Rp 27,200,000 | |||||||||||||||||||||||||||||
Payment of taxes | Rp 16,500,000 | |||||||||||||||||||||||||||||
Amount Of objection filed | Rp 106,800,000 | Rp 134,100,000 | ||||||||||||||||||||||||||||
Amount accepted | Rp 27,200,000 | Rp 150,600,000 | ||||||||||||||||||||||||||||
Penalty on damages accepted | Rp 54,600,000 | |||||||||||||||||||||||||||||
Telkomsel | SKPKB And STP Fiscal Year 2015 | ||||||||||||||||||||||||||||||
TAXATION | ||||||||||||||||||||||||||||||
Tax charged to profit or loss | Rp 34,600,000 | |||||||||||||||||||||||||||||
Amount Of objection filed | Rp 350,200,000 | |||||||||||||||||||||||||||||
Amount accepted | Rp 384,800,000 | |||||||||||||||||||||||||||||
Penalty on damages accepted | Rp 54,600,000 | |||||||||||||||||||||||||||||
Telkomsel | Tax Contingent Liability For CIT Tax Assessment | ||||||||||||||||||||||||||||||
TAXATION | ||||||||||||||||||||||||||||||
Amount accepted | Rp 164,790 | |||||||||||||||||||||||||||||
Income Tax Assessment Amount Paid | 57,030,000 | |||||||||||||||||||||||||||||
Income Tax Assessment Overpayment Amount Netted Off | 40,050,000 | |||||||||||||||||||||||||||||
Telkomsel | Tax Contingent Liability for Value Added Tax 2018 Tax Assessment | ||||||||||||||||||||||||||||||
TAXATION | ||||||||||||||||||||||||||||||
Overpayment of tax | 40,000,000 | |||||||||||||||||||||||||||||
Telkomsel | Withholding tax Article 26 | ||||||||||||||||||||||||||||||
TAXATION | ||||||||||||||||||||||||||||||
Overpayment of tax | Rp 159,800,000 | |||||||||||||||||||||||||||||
Telkomsel | Tax Contingent Liability for Corporate Income Tax, Value Added Tax and Withholding Tax | ||||||||||||||||||||||||||||||
TAXATION | ||||||||||||||||||||||||||||||
Amount Of objection filed | Rp 119,540,000 | |||||||||||||||||||||||||||||
Telkomsel | VAT 2015 | ||||||||||||||||||||||||||||||
TAXATION | ||||||||||||||||||||||||||||||
Amount accepted | Rp 52,900,000 | |||||||||||||||||||||||||||||
Loss Contingencies, Judicial Reviews Filed, Amount | Rp 23,700,000 | |||||||||||||||||||||||||||||
Amount of Objection Filed, Rejected Portion | 3,000,000 | |||||||||||||||||||||||||||||
Telkomsel | VAT 2014 | ||||||||||||||||||||||||||||||
TAXATION | ||||||||||||||||||||||||||||||
Amount accepted | Rp 8,000,000 | Rp 52,300,000 | Rp 13,700,000 | |||||||||||||||||||||||||||
Amount of Objection Filed, Rejected Portion | Rp 3,600,000 |
TAXATION - Deferred tax assets
TAXATION - Deferred tax assets and liabilities (Details) $ in Millions, Rp in Billions | 12 Months Ended | ||||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | Dec. 31, 2022 USD ($) | Oct. 21, 2021 | |
TAXATION | |||||
Total deferred tax assets - net | Rp 4,369 | Rp 3,824 | $ 281 | ||
Total deferred tax liabilities - net | (1,023) | (858) | $ (66) | ||
(Charged) credited to profit or loss | 549 | (84) | |||
Temporary differences associated with investments in subsidiaries and associated companies, for which deferred tax liabilities have not been recognized | Rp 23,652 | 25,480 | Rp 32,132 | ||
Change in tax rate | 3% | ||||
Value Added Tax Rate | 11% | ||||
The company | |||||
TAXATION | |||||
(Charged) credited to profit or loss | Rp 102 | 614 | |||
Deferred tax assets and liabilities | Rp 3,225 | Rp 3,227 | |||
Applicable tax rate | 19% | 19% | 19% | ||
The company | Allowances for expected credit losses | |||||
TAXATION | |||||
Deferred tax assets | Rp 885 | Rp 895 | |||
(Charged) credited to profit or loss | (10) | 71 | |||
The company | Net periodic pension and other post-employment benefits costs | |||||
TAXATION | |||||
Deferred tax assets | 981 | 1,110 | |||
(Charged) credited to profit or loss | (25) | 134 | |||
The company | Difference between accounting and tax bases of property and equipment | |||||
TAXATION | |||||
Deferred tax assets | 805 | 631 | |||
(Charged) credited to profit or loss | 174 | 217 | |||
The company | Provision for employee benefits | |||||
TAXATION | |||||
Deferred tax assets | 293 | 389 | |||
(Charged) credited to profit or loss | (96) | 111 | |||
The company | Deferred installation fee | |||||
TAXATION | |||||
Deferred tax assets | 204 | 184 | |||
(Charged) credited to profit or loss | 20 | 64 | |||
The company | Accrued expenses and provision for inventory obsolescence | |||||
TAXATION | |||||
Deferred tax assets | 85 | 72 | |||
(Charged) credited to profit or loss | 13 | ||||
The company | Leases | |||||
TAXATION | |||||
Deferred tax liabilities | (3) | (4) | |||
(Charged) credited to profit or loss | 1 | 1 | |||
The company | Capitalization Of Contract Costs | |||||
TAXATION | |||||
Deferred tax liabilities | (48) | (72) | |||
(Charged) credited to profit or loss | 24 | 17 | |||
The company | Land rights, intangible assets and others | |||||
TAXATION | |||||
Deferred tax assets | 23 | 22 | |||
(Charged) credited to profit or loss | 1 | (1) | |||
Subsidiaries | |||||
TAXATION | |||||
Deferred tax assets | Rp 777 | Rp 597 | |||
Applicable tax rate | 22% | 22% | 22% | ||
Telkomsel | |||||
TAXATION | |||||
(Charged) credited to profit or loss | Rp 432 | ||||
Deferred tax assets and liabilities | 367 | Rp (33) | |||
(Charged) credited to profit or loss | (586) | ||||
Telkomsel | Allowances for expected credit losses | |||||
TAXATION | |||||
Deferred tax assets | 144 | 179 | |||
(Charged) credited to profit or loss | (35) | (103) | |||
Telkomsel | Difference between accounting and tax bases of property and equipment | |||||
TAXATION | |||||
Deferred tax liabilities | (155) | (333) | |||
(Charged) credited to profit or loss | 178 | (100) | |||
Telkomsel | Fair Value Measurement of Financial Instrument | |||||
TAXATION | |||||
Deferred tax liabilities | (7) | (549) | |||
(Charged) credited to profit or loss | 542 | (549) | |||
Telkomsel | Provision for employee benefits | |||||
TAXATION | |||||
Deferred tax assets | 1,220 | 1,228 | |||
(Charged) credited to profit or loss | 33 | 128 | |||
Telkomsel | Leases | |||||
TAXATION | |||||
Deferred tax liabilities | (774) | (725) | |||
(Charged) credited to profit or loss | (58) | 84 | |||
Telkomsel | License amortization | |||||
TAXATION | |||||
Deferred tax liabilities | (146) | (152) | |||
(Charged) credited to profit or loss | 6 | (28) | |||
Telkomsel | Other financial instruments | |||||
TAXATION | |||||
Deferred tax assets | 177 | 384 | |||
(Charged) credited to profit or loss | (207) | 9 | |||
Deferred tax liabilities | (92) | (65) | |||
(Charged) credited to profit or loss | (27) | (27) | |||
Subsidiaries - others | |||||
TAXATION | |||||
(Charged) credited to profit or loss | 171 | 146 | |||
Total deferred tax liabilities - net | (1,023) | (825) | |||
(Charged) credited to profit or loss | Rp (156) | Rp (258) |
PENSION AND OTHER POST-EMPLOY_3
PENSION AND OTHER POST-EMPLOYMENT BENEFITS (Details) $ in Millions, Rp in Billions | 12 Months Ended | ||||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | Dec. 31, 2022 USD ($) | |
Disclosure of defined benefit plans [line items] | |||||
Pension benefits and other post-employment benefits obligations | Rp 10,272 | Rp 11,563 | $ 660 | ||
Others | 35 | 31 | Rp 58 | ||
Pension and other post-employment benefits (Note 29) | 1,585 | 1,680 | 1,449 | ||
Amounts recognized in OCI | 1,612 | 2,168 | (4,455) | ||
Deferred tax effect at the applicable tax rates | (148) | (213) | 859 | ||
Defined benefit plan actuarial (gain) losses - net of tax | 1,464 | $ 94 | 1,955 | (3,596) | |
Obligation under the Labor Law | |||||
Disclosure of defined benefit plans [line items] | |||||
Pension benefits and other post-employment benefits obligations | 928 | 926 | |||
Pension and other post-employment benefits (Note 29) | 78 | 254 | 258 | ||
Amounts recognized in OCI | 13 | 42 | 125 | ||
Post-employment health care benefit cost | |||||
Disclosure of defined benefit plans [line items] | |||||
Pension benefits and other post-employment benefits obligations | 638 | ||||
Pension and other post-employment benefits (Note 29) | 213 | 263 | 253 | ||
Amounts recognized in OCI | 851 | 1,032 | (158) | ||
Other post-employment benefit cost | |||||
Disclosure of defined benefit plans [line items] | |||||
Pension benefits and other post-employment benefits obligations | 268 | 300 | |||
Pension and other post-employment benefits (Note 29) | 25 | 23 | 81 | ||
Amounts recognized in OCI | 14 | 2 | (15) | ||
Long Service Employee Benefit | |||||
Disclosure of defined benefit plans [line items] | |||||
Pension benefits and other post-employment benefits obligations | 1 | 4 | |||
Periodic pension benefit cost | |||||
Disclosure of defined benefit plans [line items] | |||||
Pension benefits and other post-employment benefits obligations | 9,075 | 9,695 | |||
Pension and other post-employment benefits (Note 29) | 1,268 | 1,137 | 804 | ||
Periodic pension benefit cost | Telkomsel | |||||
Disclosure of defined benefit plans [line items] | |||||
Pension benefits and other post-employment benefits obligations | 4,275 | 4,188 | |||
Pension and other post-employment benefits (Note 29) | 596 | 331 | 142 | ||
Amounts recognized in OCI | 218 | (110) | (1,554) | ||
Periodic pension benefit cost | Others | |||||
Disclosure of defined benefit plans [line items] | |||||
Amounts recognized in OCI | 1 | (3) | 0 | ||
Others Pension | |||||
Disclosure of defined benefit plans [line items] | |||||
Pension benefits and other post-employment benefits obligations | 3 | ||||
The company | Defined pension benefit obligation | |||||
Disclosure of defined benefit plans [line items] | |||||
Pension benefits and other post-employment benefits obligations | 4,234 | 4,891 | |||
Pension and other post-employment benefits (Note 29) | 577 | 732 | 545 | ||
Amounts recognized in OCI | 467 | 1,123 | (2,942) | ||
The company | Additional pension benefit obligation | |||||
Disclosure of defined benefit plans [line items] | |||||
Pension benefits and other post-employment benefits obligations | 44 | ||||
Pension and other post-employment benefits (Note 29) | 37 | ||||
Amounts recognized in OCI | (7) | 0 | |||
The company | Unfunded Pension | |||||
Disclosure of defined benefit plans [line items] | |||||
Pension benefits and other post-employment benefits obligations | 522 | 613 | |||
Pension and other post-employment benefits (Note 29) | 58 | 74 | 117 | ||
Amounts recognized in OCI | Rp 55 | Rp 82 | Rp 89 |
PENSION AND OTHER POST-EMPLOY_4
PENSION AND OTHER POST-EMPLOYMENT BENEFITS - Pension benefit cost (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Mar. 01, 2003 | Feb. 28, 2003 | |
Disclosure of net defined benefit liability (asset) [line items] | ||||
Pension benefit obligations at beginning of year | Rp 9,717 | Rp 10,816 | ||
Service costs | 504 | 353 | ||
Interest income | 607 | 696 | ||
Return on plan assets (excluding amount included in net interest expense) | 82 | 720 | ||
Employer's contributions | 719 | 226 | ||
Actuarial losses recognized in OCI | 1,536 | 2,045 | ||
Pension benefits paid | (291) | |||
Benefits paid by employer | (719) | (226) | ||
Pension benefit obligations at end of year | Rp 8,509 | Rp 9,717 | ||
Funded pension | The company | ||||
Disclosure of net defined benefit liability (asset) [line items] | ||||
Percentage of participating employees contribution | 18% | 8.40% |
PENSION AND OTHER POST-EMPLOY_5
PENSION AND OTHER POST-EMPLOYMENT BENEFITS - Pension benefit cost (Plan Assets) (Details) - The company - Funded pension - IDR (Rp) Rp in Billions | Dec. 31, 2022 | Dec. 31, 2021 |
Corporate bonds | ||
Plan Assets | ||
Fixed income instruments | Rp 348 | Rp 356 |
Level 1 | ||
Plan Assets | ||
Cash and cash equivalents | 1,320 | 762 |
Equity-based mutual fund | 410 | 321 |
Total | 13,641 | 13,302 |
Level 1 | Financials | ||
Plan Assets | ||
Equity instruments | 1,638 | 1,571 |
Level 1 | Consumer non-cyclicals | ||
Plan Assets | ||
Equity instruments | 505 | 558 |
Level 1 | Basic material | ||
Plan Assets | ||
Equity instruments | 271 | 300 |
Level 1 | Infrastructure | ||
Plan Assets | ||
Equity instruments | 639 | 838 |
Level 1 | Energy | ||
Plan Assets | ||
Equity instruments | 141 | 118 |
Level 1 | Technology | ||
Plan Assets | ||
Equity instruments | 89 | 43 |
Level 1 | Industrials | ||
Plan Assets | ||
Equity instruments | 315 | 421 |
Level 1 | Consumer cyclicals | ||
Plan Assets | ||
Equity instruments | 115 | 112 |
Level 1 | Properties and real estate | ||
Plan Assets | ||
Equity instruments | 98 | 143 |
Level 1 | Healthcare | ||
Plan Assets | ||
Equity instruments | 208 | 202 |
Level 1 | Transportation and logistic | ||
Plan Assets | ||
Equity instruments | 8 | 16 |
Level 1 | Government bonds | ||
Plan Assets | ||
Fixed income instruments | 7,884 | 7,736 |
Level 1 | Mutual funds | ||
Plan Assets | ||
Fixed income instruments | 161 | |
Unquoted | ||
Plan Assets | ||
Direct placement | 368 | 355 |
Property | 187 | 186 |
Others | 247 | 545 |
Total | 5,261 | 5,644 |
Unquoted | Corporate bonds | ||
Plan Assets | ||
Fixed income instruments | 3,117 | Rp 4,558 |
Unquoted | Mutual funds | ||
Plan Assets | ||
Fixed income instruments | 122 | |
Unquoted | Midterm notes ("MTN") | ||
Plan Assets | ||
Fixed income instruments | 100 | |
Unquoted | Asset-backed securities ("EBA") | ||
Plan Assets | ||
Fixed income instruments | 30 | |
Unquoted | Sukuk | ||
Plan Assets | ||
Fixed income instruments | Rp 1,090 |
PENSION AND OTHER POST-EMPLOY_6
PENSION AND OTHER POST-EMPLOYMENT BENEFITS - Schedule of changes in projected pension benefit obligations and plan assets (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | ||
Apr. 23, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
PENSION AND OTHER POST-EMPLOYMENT BENEFITS | |||
Pension benefit obligations at beginning of year | Rp 9,717 | Rp 10,816 | |
Service costs | 504 | 353 | |
Interest costs and interest income from assets | 607 | 696 | |
Plan administration cost | 227 | 228 | |
Additional welfare benefits | 65 | 80 | |
Cost recognized in the consolidated statement of profit or loss | 1,403 | 1,357 | |
Actuarial (gain) loss on: | |||
Experience adjustments | (1,468) | (121) | |
Changes in demographic assumptions | (1) | (1,122) | |
Changes in financial assumptions | (233) | (1,522) | |
Return on plan assets (excluding amount included in net interest expense) | 82 | 720 | |
Changes in asset ceiling excluding amount in net interest | 84 | ||
Net | (1,536) | (2,045) | |
Employer's contributions | (719) | (226) | |
Benefits paid | (291) | ||
Benefits paid by employer | (65) | (185) | |
Pension benefit obligations at end of year | 8,509 | 9,717 | |
Projected pension benefit obligation at end of year | 8,509 | 9,717 | |
Telkomsel | |||
Actuarial (gain) loss on: | |||
Employer's contributions | Rp (857) | ||
Pension plan participants' contributions | Rp 73 | ||
Pension benefit obligations at end of year | 853 | ||
Benefit plan obligations | Defined pension benefit plan | Telkomsel | Funded | |||
PENSION AND OTHER POST-EMPLOYMENT BENEFITS | |||
Pension benefit obligations at beginning of year | 5,020 | 4,651 | |
Service costs | 326 | 84 | |
Interest costs and interest income from assets | 328 | 299 | |
Cost recognized in the consolidated statement of profit or loss | 654 | 383 | |
Actuarial (gain) loss on: | |||
Experience adjustments | (1) | 324 | |
Changes in demographic assumptions | (1) | ||
Changes in financial assumptions | (67) | (233) | |
Return on plan assets (excluding amount included in net interest expense) | (186) | ||
Net | (255) | 91 | |
Benefits paid | (291) | ||
Benefits paid by employer | (105) | ||
Pension benefit obligations at end of year | 5,128 | 5,020 | |
Projected pension benefit obligation at end of year | 4,275 | 4,188 | |
Benefit plan obligations | Defined pension benefit plan | The company | Funded | |||
PENSION AND OTHER POST-EMPLOYMENT BENEFITS | |||
Pension benefit obligations at beginning of year | 23,838 | 25,103 | |
Service costs | 178 | 269 | |
Interest costs and interest income from assets | 1,635 | 1,577 | |
Additional welfare benefits | 65 | 80 | |
Cost recognized in the consolidated statement of profit or loss | 1,878 | 1,926 | |
Actuarial (gain) loss on: | |||
Experience adjustments | (737) | (340) | |
Changes in demographic assumptions | (1,122) | ||
Changes in financial assumptions | (30) | ||
Net | (767) | (1,462) | |
Pension plan participants' contributions | 19 | 21 | |
Benefits paid | (1,767) | (1,670) | |
Benefits paid by employer | (65) | (80) | |
Pension benefit obligations at end of year | 23,136 | 23,838 | |
Projected pension benefit obligation at end of year | 4,234 | 4,891 | |
Benefit plan obligations | Post-employment health care benefit cost | The company | |||
PENSION AND OTHER POST-EMPLOYMENT BENEFITS | |||
Pension benefit obligations at beginning of year | 13,416 | 14,443 | |
Interest costs and interest income from assets | 982 | 955 | |
Cost recognized in the consolidated statement of profit or loss | 982 | 955 | |
Actuarial (gain) loss on: | |||
Experience adjustments | (730) | (105) | |
Changes in financial assumptions | (136) | (1,289) | |
Net | (866) | (1,394) | |
Benefits paid | (588) | ||
Benefits paid by employer | (654) | ||
Pension benefit obligations at end of year | 12,878 | 13,416 | |
Projected pension benefit obligation at end of year | 638 | ||
Benefit plan assets | Defined pension benefit plan | Telkomsel | Funded | |||
PENSION AND OTHER POST-EMPLOYMENT BENEFITS | |||
Pension benefit obligations at beginning of year | (832) | (799) | |
Interest costs and interest income from assets | (58) | (52) | |
Cost recognized in the consolidated statement of profit or loss | (58) | (52) | |
Actuarial (gain) loss on: | |||
Return on plan assets (excluding amount included in net interest expense) | 37 | 19 | |
Net | 37 | 19 | |
Pension benefit obligations at end of year | (853) | (832) | |
Benefit plan assets | Defined pension benefit plan | The company | Funded | |||
PENSION AND OTHER POST-EMPLOYMENT BENEFITS | |||
Pension benefit obligations at beginning of year | (18,947) | (19,546) | |
Interest costs and interest income from assets | (1,347) | (1,223) | |
Plan administration cost | 63 | 60 | |
Cost recognized in the consolidated statement of profit or loss | (1,284) | (1,163) | |
Actuarial (gain) loss on: | |||
Return on plan assets (excluding amount included in net interest expense) | 300 | 339 | |
Net | 300 | 339 | |
Employer's contributions | (719) | (226) | |
Pension plan participants' contributions | (19) | (21) | |
Benefits paid | 1,767 | 1,670 | |
Pension benefit obligations at end of year | (18,902) | (18,947) | |
Benefit plan assets | Post-employment health care benefit cost | The company | |||
PENSION AND OTHER POST-EMPLOYMENT BENEFITS | |||
Pension benefit obligations at beginning of year | (12,778) | (13,036) | |
Interest costs and interest income from assets | (933) | (860) | |
Plan administration cost | 164 | 168 | |
Cost recognized in the consolidated statement of profit or loss | (769) | (692) | |
Actuarial (gain) loss on: | |||
Return on plan assets (excluding amount included in net interest expense) | (69) | 362 | |
Changes in asset ceiling excluding amount in net interest | 84 | ||
Net | 15 | 362 | |
Benefits paid | 588 | ||
Benefits paid by employer | 654 | ||
Pension benefit obligations at end of year | Rp (12,878) | Rp (12,778) |
PENSION AND OTHER POST-EMPLOY_7
PENSION AND OTHER POST-EMPLOYMENT BENEFITS - Schedule of changes in projected pension benefit obligations and plan assets of pension plan (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
PENSION AND OTHER POST-EMPLOYMENT BENEFITS | |||
Pension benefit obligations at beginning of year | Rp 9,717 | Rp 10,816 | |
Service costs | 504 | 353 | |
Interest costs and interest income from assets | 607 | 696 | |
Cost recognized in the consolidated statement of profit or loss | 1,403 | 1,357 | |
Changes in asset ceiling excluding amount in net interest | 84 | ||
Actuarial (gain) losses | (1,536) | (2,045) | |
Benefits paid by employer | (65) | (185) | |
Pension benefit obligations at end of year | 8,509 | 9,717 | Rp 10,816 |
The company | Additional pension benefit obligation | |||
PENSION AND OTHER POST-EMPLOYMENT BENEFITS | |||
Service costs | 37 | ||
Cost recognized in the consolidated statement of profit or loss | 37 | ||
Plan assets | 6 | ||
Changes in asset ceiling excluding amount in net interest | (6) | ||
Actuarial (gain) losses | 7 | ||
Pension benefit obligations at end of year | 44 | ||
The company | Other post-employment benefit cost | |||
PENSION AND OTHER POST-EMPLOYMENT BENEFITS | |||
Pension benefit obligations at beginning of year | 300 | 367 | 366 |
Service costs | 8 | 7 | 4 |
Interest costs and interest income from assets | 17 | 16 | 19 |
Past service cost - plan amendments | 58 | ||
Cost recognized in the consolidated statement of profit or loss | 25 | 23 | 81 |
Actuarial (gain) losses | (14) | (2) | 15 |
Benefits paid by employer | (43) | (88) | (95) |
Pension benefit obligations at end of year | 268 | 300 | 367 |
The company | Long Service Employee Benefit | |||
PENSION AND OTHER POST-EMPLOYMENT BENEFITS | |||
Pension benefit obligations at beginning of year | 4 | 1 | |
Service costs | 1 | 3 | 53 |
Cost recognized in the consolidated statement of profit or loss | 1 | 3 | 53 |
Actuarial (gain) losses | (52) | ||
Benefits paid by employer | (4) | ||
Pension benefit obligations at end of year | 1 | 4 | 1 |
The company | Unfunded | Pension defined benefit plans [member] | |||
PENSION AND OTHER POST-EMPLOYMENT BENEFITS | |||
Pension benefit obligations at beginning of year | 613 | 962 | 1,479 |
Service costs | 24 | 25 | 28 |
Interest costs and interest income from assets | 34 | 49 | 89 |
Cost recognized in the consolidated statement of profit or loss | 58 | 74 | 117 |
Actuarial (gain) losses | (55) | (82) | (89) |
Benefits paid by employer | (94) | (341) | (545) |
Pension benefit obligations at end of year | 522 | 613 | 962 |
The company and its subsidiaries | |||
PENSION AND OTHER POST-EMPLOYMENT BENEFITS | |||
Pension benefit obligations at beginning of year | 1,843 | 2,107 | 2,535 |
Service costs | 148 | 289 | 343 |
Interest costs and interest income from assets | 51 | 65 | 108 |
Past service cost - plan amendments | 58 | ||
Cost recognized in the consolidated statement of profit or loss | 199 | 354 | 509 |
Plan assets | 6 | ||
Changes in asset ceiling excluding amount in net interest | (6) | ||
Actuarial (gain) losses | (75) | (126) | (1) |
Benefits paid by employer | (204) | (492) | (936) |
Pension benefit obligations at end of year | 1,763 | 1,843 | 2,107 |
The company and its subsidiaries | Obligation under the Labor Law | |||
PENSION AND OTHER POST-EMPLOYMENT BENEFITS | |||
Pension benefit obligations at beginning of year | 926 | 777 | 690 |
Service costs | 78 | 254 | 258 |
Cost recognized in the consolidated statement of profit or loss | 78 | 254 | 258 |
Actuarial (gain) losses | (13) | (42) | 125 |
Benefits paid by employer | (63) | (63) | (296) |
Pension benefit obligations at end of year | Rp 928 | Rp 926 | Rp 777 |
PENSION AND OTHER POST-EMPLOY_8
PENSION AND OTHER POST-EMPLOYMENT BENEFITS - Components of net periodic pension benefit cost (Details) - IDR (Rp) Rp in Millions | 12 Months Ended | |||
Sep. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of defined benefit plans [line items] | ||||
Threshold minimum pension benefits | Rp 1 | |||
The company | Retired before end of June 2002 | ||||
Disclosure of defined benefit plans [line items] | ||||
Maximum monthly pension benefits, settlements made | Rp 65,000 | Rp 80,000 | ||
The company | Funded pension | ||||
Disclosure of defined benefit plans [line items] | ||||
Percentage of companies share in total plan assets | 1.78% | 2.16% | ||
Percentage of Debt Instruments Contributed to Fair Value of Plan Assets | 1.84% | 1.88% | ||
Actual return on plan asset | Rp 984,000 | Rp 822,000 | ||
Minimum FSR required for non contribution to fund | 105% | |||
Funding Sufficiency Ratio | 105% | |||
Discount rate | 7.25% | 7% | 6.50% | |
Rate of compensation increases | 8% | 8% | 8% | |
The company | Series B shares | Funded pension | ||||
Disclosure of defined benefit plans [line items] | ||||
Equity instruments | Rp 336,000 | Rp 409,000 |
PENSION AND OTHER POST-EMPLOY_9
PENSION AND OTHER POST-EMPLOYMENT BENEFITS - Additional pension benefit obligation (Details) - IDR (Rp) Rp in Thousands | Sep. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Funded pension | The company | ||||
Disclosure of defined benefit plans [line items] | ||||
Discount rate | 7.25% | 7% | 6.50% | |
Defined Contribution Other Benefit Program | ||||
Disclosure of defined benefit plans [line items] | ||||
Threshold fund adequacy ratio | 102% | |||
Employer's contribution | Rp 120 | |||
Discount rate | 7.25% | 7% | 8% |
PENSION AND OTHER POST-EMPLO_10
PENSION AND OTHER POST-EMPLOYMENT BENEFITS - Unfunded Pension (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of defined benefit plans [line items] | ||
Pension benefit obligations at beginning of year | Rp 9,717 | Rp 10,816 |
Service costs | 504 | 353 |
Interest income | 607 | 696 |
Benefits paid by employer | (719) | (226) |
Pension benefit obligations at end of year | 8,509 | 9,717 |
The company | Unfunded Pension | ||
Disclosure of defined benefit plans [line items] | ||
Employer's contribution | Rp 48 | Rp 44 |
Pre retirement employees inactiveness period | 6 months | |
Retirement age | 56 years |
PENSION AND OTHER POST-EMPLO_11
PENSION AND OTHER POST-EMPLOYMENT BENEFITS - Unfunded Pension - Components of pension benefit cost (Details) $ in Millions, Rp in Billions | 12 Months Ended | |||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | |
Disclosure of defined benefit plans [line items] | ||||
Net periodic pension benefit cost | Rp 1,585 | Rp 1,680 | Rp 1,449 | |
Defined benefit plan actuarial gain (loss) - net of tax | (1,464) | $ (94) | (1,955) | 3,596 |
Periodic pension benefit cost | ||||
Disclosure of defined benefit plans [line items] | ||||
Net periodic pension benefit cost | 1,268 | 1,137 | 804 | |
The company | Unfunded Pension | ||||
Disclosure of defined benefit plans [line items] | ||||
Net periodic pension benefit cost | Rp 58 | Rp 74 | Rp 117 | |
The company | Unfunded Pension | Minimum | ||||
Disclosure of defined benefit plans [line items] | ||||
Discount rate | 7% | 7% | 5.75% | 5.25% |
Rate of compensation increases | 6.10% | 6.10% | 6.10% | 6.10% |
The company | Unfunded Pension | Maximum | ||||
Disclosure of defined benefit plans [line items] | ||||
Discount rate | 7.25% | 7.25% | 7% | 6.50% |
Rate of compensation increases | 8% | 8% | 8% | 8% |
PENSION AND OTHER POST-EMPLO_12
PENSION AND OTHER POST-EMPLOYMENT BENEFITS - Telkomsel (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | |||
Apr. 23, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2004 | |
Disclosure of net defined benefit liability (asset) [line items] | ||||
Employer contributions | Rp 719 | Rp 226 | ||
Pension benefit obligations at beginning of year | 9,717 | 10,816 | ||
Service costs | 504 | 353 | ||
Interest income | 607 | 696 | ||
Return on plan assets (excluding amount included in net interest expense) | (82) | (720) | ||
Benefits paid by employer | (719) | (226) | ||
Benefits paid | (291) | |||
Pension benefit obligations at end of year | 8,509 | Rp 9,717 | ||
Telkomsel | ||||
Disclosure of net defined benefit liability (asset) [line items] | ||||
Percentage of haircut from CV | 5% | |||
Cash value transferred | Rp 814 | |||
Pension plan participants' contributions | 73 | |||
Employer contributions | 857 | |||
Benefits paid by employer | Rp (857) | |||
Pension benefit obligations at end of year | Rp 853 | |||
Telkomsel | Jiwasraya | ||||
Disclosure of net defined benefit liability (asset) [line items] | ||||
Percentage of cash value transferred | 95% | |||
Periodic pension benefit cost | Until 2004 | Telkomsel | ||||
Disclosure of net defined benefit liability (asset) [line items] | ||||
Percentage of participating employees contribution | 5% |
PENSION AND OTHER POST-EMPLO_13
PENSION AND OTHER POST-EMPLOYMENT BENEFITS - Telkomsel - Movements of pension benefit obligation (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of defined benefit plans [line items] | ||
Pension benefit obligations at beginning of year | Rp 9,717 | Rp 10,816 |
Return on plan assets (excluding amount included in net interest expense) | 82 | 720 |
Employer's contributions | (719) | (226) |
Benefits paid | (291) | |
Pension benefit obligations at end of year | 8,509 | Rp 9,717 |
Telkomsel | ||
Disclosure of defined benefit plans [line items] | ||
Pension benefit obligations at end of year | Rp 853 |
PENSION AND OTHER POST-EMPLO_14
PENSION AND OTHER POST-EMPLOYMENT BENEFITS - Telkomsel - Components (Details) $ in Millions, Rp in Billions | 12 Months Ended | |||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | |
Disclosure of defined benefit plans [line items] | ||||
Net periodic pension benefit cost | Rp 1,585 | Rp 1,680 | Rp 1,449 | |
Defined benefit plan actuarial gain (loss) - net of tax | (1,464) | $ (94) | (1,955) | 3,596 |
Periodic pension benefit cost | ||||
Disclosure of defined benefit plans [line items] | ||||
Net periodic pension benefit cost | 1,268 | 1,137 | 804 | |
Periodic pension benefit cost | Telkomsel | ||||
Disclosure of defined benefit plans [line items] | ||||
Net periodic pension benefit cost | Rp 596 | Rp 331 | Rp 142 | |
Discount rate | 7.15% | 7.15% | 7% | 6.50% |
Rate of compensation increases | 8% | 8% | 8% | 8% |
PENSION AND OTHER POST-EMPLO_15
PENSION AND OTHER POST-EMPLOYMENT BENEFITS - Maturity (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Post-employment health care benefit cost | ||
Disclosure of defined benefit plans [line items] | ||
Weighted average duration of DBO | 12 years 4 months 24 days | 14 years 1 month 17 days |
Post-employment health care benefit cost | Within next 10 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | Rp 8,092 | Rp 5,959 |
Post-employment health care benefit cost | Within 10-20 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | 12,746 | 6,697 |
Post-employment health care benefit cost | Within 20-30 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | 12,019 | 5,117 |
Post-employment health care benefit cost | Within 30-40 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | 5,491 | 2,025 |
Post-employment health care benefit cost | Within 40-50 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | 970 | 259 |
Post-employment health care benefit cost | Within 50-60 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | 59 | Rp 1 |
Post-employment health care benefit cost | Within 60-70 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | 6 | |
Post-employment health care benefit cost | Within 70-80 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | Rp 1 | |
Other post-employment benefit cost | ||
Disclosure of defined benefit plans [line items] | ||
Weighted average duration of DBO | 4 years 7 months 13 days | 4 years 10 months 17 days |
Other post-employment benefit cost | Within next 10 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | Rp 324 | Rp 357 |
Other post-employment benefit cost | Within 10-20 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | 123 | 121 |
Other post-employment benefit cost | Within 20-30 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | 83 | 92 |
Other post-employment benefit cost | Within 30-40 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | Rp 6 | Rp 5 |
Post-employment benefits UUCK (Telkom) | ||
Disclosure of defined benefit plans [line items] | ||
Weighted average duration of DBO | 11 years 8 months 8 days | 7 years 4 months 28 days |
Post-employment benefits UUCK (Telkom) | Within next 10 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | Rp 59 | Rp 15 |
Post-employment benefits UUCK (Telkom) | Within 10-20 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | 414 | 14 |
Post-employment benefits UUCK (Telkom) | Within 20-30 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | 497 | Rp 1 |
Post-employment benefits UUCK (Telkom) | Within 30-40 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | 80 | |
Periodic pension benefit cost | Telkomsel | ||
Disclosure of defined benefit plans [line items] | ||
Weighted average duration of DBO | 10 years 3 months 18 days | |
Periodic pension benefit cost | Telkomsel | Within next 10 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | 5,111 | Rp 4,224 |
Periodic pension benefit cost | Telkomsel | Within 10-20 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | 11,178 | 10,849 |
Periodic pension benefit cost | Telkomsel | Within 20-30 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | 7,827 | 8,385 |
Periodic pension benefit cost | Telkomsel | Within 30-40 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | Rp 473 | Rp 901 |
The company | Telkomsel | ||
Disclosure of defined benefit plans [line items] | ||
Weighted average duration of DBO | 9 years 5 months 12 days | |
The company | Defined pension benefit obligation | ||
Disclosure of defined benefit plans [line items] | ||
Weighted average duration of DBO | 8 years 5 months 23 days | 10 years 6 months |
The company | Defined pension benefit obligation | Within next 10 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | Rp 21,232 | Rp 20,809 |
The company | Defined pension benefit obligation | Within 10-20 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | 16,485 | 23,096 |
The company | Defined pension benefit obligation | Within 20-30 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | 10,414 | 21,308 |
The company | Defined pension benefit obligation | Within 30-40 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | 4,209 | 16,537 |
The company | Defined pension benefit obligation | Within 40-50 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | 882 | 3,965 |
The company | Defined pension benefit obligation | Within 50-60 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | 77 | 2,803 |
The company | Defined pension benefit obligation | Within 60-70 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | Rp 2 | Rp 16 |
The company | Additional pension benefit obligation | ||
Disclosure of defined benefit plans [line items] | ||
Weighted average duration of DBO | 8 years 5 months 23 days | 10 years 6 months |
The company | Additional pension benefit obligation | Within next 10 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | Rp 40 | |
The company | Additional pension benefit obligation | Within 10-20 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | 31 | |
The company | Additional pension benefit obligation | Within 20-30 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | 18 | |
The company | Additional pension benefit obligation | Within 30-40 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | 6 | |
The company | Additional pension benefit obligation | Within 40-50 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | Rp 1 | |
The company | Unfunded Pension | ||
Disclosure of defined benefit plans [line items] | ||
Weighted average duration of DBO | 5 years 6 months 7 days | 5 years 9 months |
The company | Unfunded Pension | Within next 10 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | Rp 705 | Rp 691 |
The company | Unfunded Pension | Within 10-20 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | 229 | 92 |
The company | Unfunded Pension | Within 20-30 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | 430 | 85 |
The company | Unfunded Pension | Within 30-40 years | ||
Disclosure of defined benefit plans [line items] | ||
Estimated future benefit payments | Rp 96 | Rp 17 |
PENSION AND OTHER POST-EMPLO_16
PENSION AND OTHER POST-EMPLOYMENT BENEFITS - Health Care (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of net defined benefit liability (asset) [line items] | ||
Pension benefit obligations at beginning of year | Rp 9,717 | Rp 10,816 |
Service costs | 504 | 353 |
Interest income | 607 | 696 |
Return on plan assets (excluding amount included in net interest expense) | 82 | 720 |
Benefits paid from plan assets | 291 | |
Pension benefit obligations at end of year | Rp 8,509 | Rp 9,717 |
Post-employment health care benefit cost | Employee hired before November 1, 1995 | ||
Disclosure of net defined benefit liability (asset) [line items] | ||
Minimum employee working period for benefits | 20 years |
PENSION AND OTHER POST-EMPLO_17
PENSION AND OTHER POST-EMPLOYMENT BENEFITS - Health Care - Plan Assets (Details) - Post-employment health care benefit cost - IDR (Rp) Rp in Billions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of fair value of plan assets [line items] | ||
Percentage of companies share in total plan assets | 1.76% | 1.79% |
Actual return on plan asset | Rp 839 | Rp 329 |
Level 1 | ||
Disclosure of fair value of plan assets [line items] | ||
Cash and cash equivalents | 1,085 | 527 |
Equity-based mutual fund | 1,035 | 569 |
Total | 12,564 | 12,420 |
Unquoted | ||
Disclosure of fair value of plan assets [line items] | ||
Private placement | 398 | 358 |
Total | 398 | 358 |
Financials | Level 1 | ||
Disclosure of fair value of plan assets [line items] | ||
Equity instruments | 1,368 | 1,254 |
Consumer non-cyclicals | Level 1 | ||
Disclosure of fair value of plan assets [line items] | ||
Equity instruments | 114 | 100 |
Basic material | Level 1 | ||
Disclosure of fair value of plan assets [line items] | ||
Equity instruments | 264 | 256 |
Infrastructure | Level 1 | ||
Disclosure of fair value of plan assets [line items] | ||
Equity instruments | 598 | 574 |
Energy | Level 1 | ||
Disclosure of fair value of plan assets [line items] | ||
Equity instruments | 221 | 171 |
Technology | Level 1 | ||
Disclosure of fair value of plan assets [line items] | ||
Equity instruments | 63 | 24 |
Industrials | Level 1 | ||
Disclosure of fair value of plan assets [line items] | ||
Equity instruments | 185 | 274 |
Consumer cyclicals | Level 1 | ||
Disclosure of fair value of plan assets [line items] | ||
Equity instruments | 457 | 483 |
Properties and real estate | Level 1 | ||
Disclosure of fair value of plan assets [line items] | ||
Equity instruments | 95 | 93 |
Healthcare | Level 1 | ||
Disclosure of fair value of plan assets [line items] | ||
Equity instruments | 233 | 232 |
Transportation and logistic | Level 1 | ||
Disclosure of fair value of plan assets [line items] | ||
Equity instruments | 3 | 5 |
Government bonds | Level 1 | ||
Disclosure of fair value of plan assets [line items] | ||
Fixed income instruments | 82 | |
Mutual funds | Level 1 | ||
Disclosure of fair value of plan assets [line items] | ||
Fixed income instruments | 6,761 | 7,858 |
Series B shares | ||
Disclosure of fair value of plan assets [line items] | ||
Equity instruments | Rp 228 | Rp 229 |
PENSION AND OTHER POST-EMPLO_18
PENSION AND OTHER POST-EMPLOYMENT BENEFITS - Health Care - Movements of Projected Benefit Obligation (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of net defined benefit liability (asset) [line items] | ||
Pension benefit obligations at beginning of year | Rp 9,717 | Rp 10,816 |
Return on plan assets (excluding amount included in net interest expense) | (82) | (720) |
Pension benefit obligations at end of year | Rp 8,509 | Rp 9,717 |
PENSION AND OTHER POST-EMPLO_19
PENSION AND OTHER POST-EMPLOYMENT BENEFITS - Health Care - Components (Details) $ in Millions, Rp in Billions | 12 Months Ended | |||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | |
Disclosure of net defined benefit liability (asset) [line items] | ||||
Net periodic pension benefit cost | Rp 1,585 | Rp 1,680 | Rp 1,449 | |
Defined benefit plan actuarial gain (loss) - net of tax | (1,464) | $ (94) | (1,955) | 3,596 |
Post-employment health care benefit cost | ||||
Disclosure of net defined benefit liability (asset) [line items] | ||||
Net periodic pension benefit cost | Rp 213 | Rp 263 | Rp 253 |
PENSION AND OTHER POST-EMPLO_20
PENSION AND OTHER POST-EMPLOYMENT BENEFITS - Health Care - Actuarial Assumptions (Details) - Post-employment health care benefit cost | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of sensitivity analysis for actuarial assumptions [line items] | |||
Discount rate | 7.25% | 7.50% | 6.75% |
Health care costs trend rate assumed for next year | 7% | 7% | 7% |
Ultimate health care costs trend rate | 7% | 7% | 7% |
PENSION AND OTHER POST-EMPLO_21
PENSION AND OTHER POST-EMPLOYMENT BENEFITS - Other post-employment benefits cost (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of defined benefit plans [line items] | ||
Pension benefit obligations at beginning of year | Rp 9,717 | Rp 10,816 |
Service costs | 504 | 353 |
Interest income | 607 | 696 |
Employer's contributions | (719) | (226) |
Pension benefit obligations at end of year | Rp 8,509 | Rp 9,717 |
PENSION AND OTHER POST-EMPLO_22
PENSION AND OTHER POST-EMPLOYMENT BENEFITS - Other post-employment benefits cost - Components (Details) $ in Millions, Rp in Billions | 12 Months Ended | |||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | |
Disclosure of defined benefit plans [line items] | ||||
Net periodic pension benefit cost | Rp 1,585 | Rp 1,680 | Rp 1,449 | |
Defined benefit plan actuarial gain (loss) - net of tax | (1,464) | $ (94) | (1,955) | 3,596 |
Other post-employment benefit cost | ||||
Disclosure of defined benefit plans [line items] | ||||
Net periodic pension benefit cost | Rp 25 | Rp 23 | Rp 81 | |
Discount rate | 6.75% | 6.75% | 6.25% | 5% |
PENSION AND OTHER POST-EMPLO_23
PENSION AND OTHER POST-EMPLOYMENT BENEFITS - Long service employee benefit (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of defined benefit plans [line items] | |||
Total obligation | Rp 8,509 | Rp 9,717 | Rp 10,816 |
Long service employee benefit obligation | Rp 1 | 3 | Rp 53 |
Long Term Service Employee Benefit [Member] | |||
Disclosure of defined benefit plans [line items] | |||
Minimum employee working period for benefits | 30 years | ||
Total obligation | Rp 1 | 4 | |
Long service employee benefit obligation | Rp 1 | Rp 3 |
PENSION AND OTHER POST-EMPLO_24
PENSION AND OTHER POST-EMPLOYMENT BENEFITS - Obligation under the Labor Law (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of defined benefit plans [line items] | |||
Net defined benefit liability (asset) | Rp 8,509 | Rp 9,717 | Rp 10,816 |
Post-employment benefit expense, defined benefit plans | 1,585 | 1,680 | 1,449 |
Amount recognised in other comprehensive income before tax adjustment | 1,612 | 2,168 | (4,455) |
Obligation under the Labor Law | |||
Disclosure of defined benefit plans [line items] | |||
Net defined benefit liability (asset) | 928 | 926 | |
Post-employment benefit expense, defined benefit plans | 78 | 254 | 258 |
Amount recognised in other comprehensive income before tax adjustment | Rp 13 | Rp 42 | Rp 125 |
PENSION AND OTHER POST-EMPLO_25
PENSION AND OTHER POST-EMPLOYMENT BENEFITS - Sensitivity Analysis (Details) - IDR (Rp) Rp in Billions | Dec. 31, 2022 | Dec. 31, 2021 |
Discount Rate | ||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | ||
Percentage of increase in actuarial assumptions | 1% | 1% |
Percentage of decrease in actuarial assumptions | 1% | |
Rate of Compensation | ||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | ||
Percentage of increase in actuarial assumptions | 1% | |
Percentage of decrease in actuarial assumptions | 1% | |
Post-employment health care benefit cost | Discount Rate | ||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | ||
Amount of increase in actuarial assumptions | Rp (1,413) | Rp (1,605) |
Amount of decrease in actuarial assumptions | 1,703 | 1,964 |
Post-employment health care benefit cost | Rate of Compensation | ||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | ||
Amount of increase in actuarial assumptions | 1,629 | 1,985 |
Amount of decrease in actuarial assumptions | 1,380 | (1,686) |
Other post-employment benefit cost | Discount Rate | ||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | ||
Amount of increase in actuarial assumptions | (12) | (13) |
Amount of decrease in actuarial assumptions | 13 | 14 |
Post-employment benefits UUCK (Telkom) | Discount Rate | ||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | ||
Amount of increase in actuarial assumptions | (8) | (1) |
Amount of decrease in actuarial assumptions | 10 | 1 |
Post-employment benefits UUCK (Telkom) | Rate of Compensation | ||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | ||
Amount of increase in actuarial assumptions | 27 | 6 |
Amount of decrease in actuarial assumptions | (24) | (3) |
Periodic pension benefit cost | Telkomsel | Discount Rate | ||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | ||
Amount of increase in actuarial assumptions | (430) | (434) |
Amount of decrease in actuarial assumptions | 491 | 465 |
Periodic pension benefit cost | Telkomsel | Rate of Compensation | ||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | ||
Amount of increase in actuarial assumptions | 536 | 455 |
Amount of decrease in actuarial assumptions | (477) | (429) |
Defined pension benefit obligation | Discount Rate | ||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | ||
Amount of increase in actuarial assumptions | (1,948) | (2,040) |
Amount of decrease in actuarial assumptions | 2,291 | 2,419 |
Defined pension benefit obligation | Rate of Compensation | ||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | ||
Amount of increase in actuarial assumptions | 268 | 1,571 |
Amount of decrease in actuarial assumptions | 255 | (1,439) |
Unfunded Pension | Discount Rate | ||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | ||
Amount of increase in actuarial assumptions | (24) | (27) |
Amount of decrease in actuarial assumptions | 27 | 30 |
Unfunded Pension | Rate of Compensation | ||
Disclosure of sensitivity analysis for actuarial assumptions [line items] | ||
Amount of increase in actuarial assumptions | 29 | 33 |
Amount of decrease in actuarial assumptions | Rp (27) | Rp (30) |
LONG SERVICE AWARDS ("LSA") P_2
LONG SERVICE AWARDS ("LSA") PROVISIONS (Details) $ in Millions, Rp in Billions | 12 Months Ended | |||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | Dec. 31, 2022 USD ($) | |
LONG SERVICE AWARDS ("LSA") PROVISIONS | ||||
Long service award provisions | Rp 1,031 | Rp 1,206 | $ 66 | |
Long service award expense | Rp 92 | Rp 153 | Rp 290 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | |||
Jan. 01, 1995 | Dec. 31, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | |
RELATED PARTY TRANSACTIONS | ||||
Guarantees provided or received for any related party receivables or payables | Rp 0 | |||
Provisions to allowance for credit losses of receivables | Rp (33) | Rp (152) | ||
Allowance for credit losses of receivables | Rp 383 | |||
Collections made by the Company (as a percent) | 1% |
RELATED PARTY TRANSACTIONS - Re
RELATED PARTY TRANSACTIONS - Revenues (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Transactions with related parties | |||
Total | Rp 8,955 | Rp 10,335 | Rp 8,969 |
% of total revenues | 6.10% | 7.22% | 6.57% |
Ministry of Finance | |||
Transactions with related parties | |||
Total | Rp 199 | Rp 212 | Rp 184 |
% of total revenues | 0.14% | 0.15% | 0.13% |
Entities under common control | |||
Transactions with related parties | |||
Total | Rp 8,698 | Rp 10,074 | Rp 8,578 |
% of total revenues | 5.92% | 7.04% | 6.29% |
Government agencies | |||
Transactions with related parties | |||
Total | Rp 3,029 | Rp 5,598 | Rp 3,423 |
% of total revenues | 2.06% | 3.91% | 2.51% |
Indosat | |||
Transactions with related parties | |||
Total | Rp 1,923 | Rp 1,056 | Rp 1,034 |
% of total revenues | 1.31% | 0.74% | 0.76% |
MoCI | |||
Transactions with related parties | |||
Total | Rp 791 | Rp 284 | Rp 628 |
% of total revenues | 0.54% | 0.20% | 0.46% |
Pertamina | |||
Transactions with related parties | |||
Total | Rp 752 | Rp 631 | Rp 406 |
% of total revenues | 0.51% | 0.44% | 0.30% |
BNI | |||
Transactions with related parties | |||
Total | Rp 493 | Rp 404 | Rp 547 |
% of total revenues | 0.33% | 0.28% | 0.40% |
Bank Mandiri | |||
Transactions with related parties | |||
Total | Rp 180 | Rp 212 | Rp 191 |
% of total revenues | 0.12% | 0.15% | 0.14% |
Pegadaian | |||
Transactions with related parties | |||
Total | Rp 160 | Rp 148 | Rp 178 |
% of total revenues | 0.11% | 0.10% | 0.13% |
PLN | |||
Transactions with related parties | |||
Total | Rp 158 | Rp 153 | Rp 107 |
% of total revenues | 0.11% | 0.11% | 0.08% |
KAI | |||
Transactions with related parties | |||
Total | Rp 143 | Rp 84 | Rp 92 |
% of total revenues | 0.10% | 0.06% | 0.07% |
PTPN III | |||
Transactions with related parties | |||
Total | Rp 114 | Rp 99 | Rp 73 |
% of total revenues | 0.08% | 0.07% | 0.05% |
Kimia Farma | |||
Transactions with related parties | |||
Total | Rp 107 | Rp 120 | Rp 122 |
% of total revenues | 0.07% | 0.08% | 0.09% |
BRI | |||
Transactions with related parties | |||
Total | Rp 104 | Rp 341 | Rp 580 |
% of total revenues | 0.07% | 0.24% | 0.43% |
Others, (each below Rp100 billion) | |||
Transactions with related parties | |||
Total | Rp 744 | Rp 944 | Rp 1,197 |
% of total revenues | 0.51% | 0.66% | 0.87% |
Associates | |||
Transactions with related parties | |||
Total | Rp 6 | Rp 16 | Rp 47 |
% of total revenues | 0% | 0.01% | 0.03% |
Others | |||
Transactions with related parties | |||
Total | Rp 52 | Rp 33 | Rp 160 |
% of total revenues | 0.04% | 0.02% | 0.12% |
RELATED PARTY TRANSACTIONS - Ex
RELATED PARTY TRANSACTIONS - Expenses (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Transactions with related parties | |||
Total | Rp 14,550 | Rp 12,946 | Rp 13,277 |
% of total expenses | 14.36% | 13.06% | 14.20% |
Entities under common control | |||
Transactions with related parties | |||
Total | Rp 13,679 | Rp 12,093 | Rp 12,336 |
% of total expenses | 13.49% | 12.19% | 13.20% |
MoCI | |||
Transactions with related parties | |||
Total | Rp 9,965 | Rp 8,570 | Rp 8,347 |
% of total expenses | 9.82% | 8.64% | 8.94% |
PLN | |||
Transactions with related parties | |||
Total | Rp 2,473 | Rp 2,349 | Rp 2,859 |
% of total expenses | 2.44% | 2.37% | 3.06% |
Indosat | |||
Transactions with related parties | |||
Total | Rp 537 | Rp 467 | Rp 563 |
% of total expenses | 0.53% | 0.47% | 0.60% |
Jasindo | |||
Transactions with related parties | |||
Total | Rp 296 | Rp 385 | Rp 255 |
% of total expenses | 0.29% | 0.39% | 0.27% |
Government agencies | |||
Transactions with related parties | |||
Total | Rp 179 | Rp 114 | Rp 121 |
% of total expenses | 0.18% | 0.11% | 0.13% |
Others, (each below Rp100 billion) | |||
Transactions with related parties | |||
Total | Rp 229 | Rp 208 | Rp 191 |
% of total expenses | 0.23% | 0.21% | 0.20% |
Associates | |||
Transactions with related parties | |||
Total | Rp 147 | Rp 469 | Rp 805 |
% of total expenses | 0.15% | 0.48% | 0.86% |
Finarya | |||
Transactions with related parties | |||
Total | Rp 110 | Rp 125 | Rp 198 |
% of total expenses | 0.11% | 0.13% | 0.21% |
Others (each below Rp100 billion) | |||
Transactions with related parties | |||
Total | Rp 37 | Rp 344 | Rp 607 |
% of total expenses | 0.04% | 0.35% | 0.65% |
Others related entities | |||
Transactions with related parties | |||
Total | Rp 724 | Rp 384 | Rp 136 |
% of total expenses | 0.72% | 0.39% | 0.14% |
Padi UMKM | |||
Transactions with related parties | |||
Total | Rp 626 | Rp 269 | |
% of total expenses | 0.62% | 0.27% | |
Others (each below Rp100 billion) | |||
Transactions with related parties | |||
Total | Rp 98 | Rp 115 | Rp 136 |
% of total expenses | 0.10% | 0.12% | 0.14% |
RELATED PARTY TRANSACTIONS - Fi
RELATED PARTY TRANSACTIONS - Finance Income (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Transactions with related parties | |||
Total | Rp 475 | Rp 362 | Rp 572 |
% of total finance income | 54.10% | 64.88% | 71.50% |
State-owned banks | |||
Transactions with related parties | |||
Total | Rp 459 | Rp 348 | Rp 564 |
% of total finance income | 52.28% | 62.37% | 70.50% |
Government agencies | |||
Transactions with related parties | |||
Total | Rp 16 | Rp 14 | Rp 8 |
% of total finance income | 1.82% | 2.51% | 1% |
RELATED PARTY TRANSACTIONS - _2
RELATED PARTY TRANSACTIONS - Finance cost (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Transactions with related parties | |||
Total | Rp 1,123 | Rp 1,456 | Rp 1,501 |
% of total finance costs | 27.55% | 33.14% | 32.61% |
Ministry of Finance | |||
Transactions with related parties | |||
Total | Rp 10 | Rp 17 | Rp 25 |
% of total finance costs | 0.25% | 0.39% | 0.54% |
State-owned banks | |||
Transactions with related parties | |||
Total | Rp 1,004 | Rp 1,247 | Rp 1,163 |
% of total finance costs | 24.63% | 28.38% | 25.27% |
Sarana Multi Infrastruktur | |||
Transactions with related parties | |||
Total | Rp 109 | Rp 192 | Rp 313 |
% of total finance costs | 2.67% | 4.37% | 6.80% |
RELATED PARTY TRANSACTIONS - Di
RELATED PARTY TRANSACTIONS - Distribution of SIM card and voucher (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Transactions with related parties | |||
Total | Rp 1,122 | Rp 959 | Rp 1,766 |
% of total revenues | 0.77% | 0.67% | 1.29% |
Omni Inovasi Indonesia | |||
Transactions with related parties | |||
Total | Rp 981 | Rp 959 | Rp 1,766 |
% of total revenues | 0.67% | 0.67% | 1.29% |
Finarya | |||
Transactions with related parties | |||
Total | Rp 141 | ||
% of total revenues | 0.10% |
RELATED PARTY TRANSACTIONS - Pu
RELATED PARTY TRANSACTIONS - Purchase of Property and Equipment (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Transactions with related parties | ||
Total | Rp 122 | Rp 413 |
% of total property and equipment purchased | 0.35% | 1.36% |
INTI | ||
Transactions with related parties | ||
Total | Rp 117 | Rp 104 |
% of total property and equipment purchased | 0.34% | 0.34% |
Others (each below Rp100 billion) | ||
Transactions with related parties | ||
Total | Rp 5 | Rp 309 |
% of total property and equipment purchased | 0.01% | 1.02% |
RELATED PARTY TRANSACTIONS - As
RELATED PARTY TRANSACTIONS - Assets with Related Parties (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Transactions with related parties | ||
Cash and cash equivalents (Note 4) | Rp 24,902 | Rp 31,100 |
% of cash and cash equivalents on total assets | 9.06% | 11.26% |
Other current financial assets (Note 5) | Rp 400 | Rp 329 |
% of other current financial assets on total assets | 0.15% | 0.12% |
Trade receivables - net (Note 6) | Rp 2,009 | Rp 1,378 |
Percentage of trade receivables on total assets | 0.73% | 0.50% |
Contract assets | Rp 594 | Rp 791 |
Percentage of contract assets on total assets | 0.22% | 0.28% |
Other current assets | Rp 5,191 | Rp 4,798 |
% of other current assets on total assets | 1.88% | 1.74% |
Other non-current assets | Rp 1,307 | Rp 1,598 |
% of other non-current assets on total assets | 0.48% | 0.58% |
Entities under common control | ||
Transactions with related parties | ||
Contract assets | Rp 568 | Rp 783 |
Percentage of contract assets on total assets | 0.21% | 0.28% |
Other current assets | Rp 5,189 | Rp 4,798 |
% of other current assets on total assets | 1.88% | 1.74% |
Government agencies | ||
Transactions with related parties | ||
Contract assets | Rp 295 | Rp 389 |
Percentage of contract assets on total assets | 0.11% | 0.14% |
MoCI | ||
Transactions with related parties | ||
Other current assets | Rp 5,093 | Rp 4,749 |
% of other current assets on total assets | 1.85% | 1.72% |
Other non-current assets | Rp 1,291 | Rp 1,573 |
% of other non-current assets on total assets | 0.47% | 0.57% |
Others, (each below Rp100 billion) | ||
Transactions with related parties | ||
Contract assets | Rp 273 | Rp 394 |
Percentage of contract assets on total assets | 0.10% | 0.14% |
Others | ||
Transactions with related parties | ||
Other current assets | Rp 96 | Rp 49 |
% of other current assets on total assets | 0.03% | 0.02% |
Other non-current assets | Rp 16 | Rp 25 |
% of other non-current assets on total assets | 0.01% | 0.01% |
Others related entities | ||
Transactions with related parties | ||
Contract assets | Rp 1 | |
Percentage of contract assets on total assets | 0% | |
Associates | ||
Transactions with related parties | ||
Contract assets | Rp 1 | Rp 1 |
Percentage of contract assets on total assets | 0% | 0% |
Other current assets | Rp 2 | |
% of other current assets on total assets | 0% | |
Ministry of Finance | ||
Transactions with related parties | ||
Contract assets | Rp 24 | Rp 7 |
Percentage of contract assets on total assets | 0.01% | 0% |
RELATED PARTY TRANSACTIONS - Tr
RELATED PARTY TRANSACTIONS - Trade Payables (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Transactions with related parties | ||
Trade payables (Note 17) | Rp 1,775 | Rp 1,872 |
Total trade payables | Rp 1,775 | Rp 1,872 |
% of total liabilities | 1.41% | 1.42% |
Ministry of Finance | ||
Transactions with related parties | ||
Trade payables (Note 17) | Rp 0 | Rp 8 |
% of total liabilities | 0% | 0.01% |
Entities under common control | ||
Transactions with related parties | ||
Trade payables (Note 17) | Rp 1,719 | Rp 1,859 |
% of total liabilities | 1.37% | 1.41% |
MoCI | ||
Transactions with related parties | ||
Trade payables (Note 17) | Rp 1,342 | Rp 1,329 |
% of total liabilities | 1.07% | 1.01% |
Indosat | ||
Transactions with related parties | ||
Trade payables (Note 17) | Rp 140 | Rp 144 |
% of total liabilities | 0.11% | 0.11% |
Others, (each below Rp100 billion) | ||
Transactions with related parties | ||
Trade payables (Note 17) | Rp 237 | Rp 386 |
% of total liabilities | 0.19% | 0.29% |
Others related entities | ||
Transactions with related parties | ||
Trade payables (Note 17) | Rp 13 | Rp 5 |
% of total liabilities | 0.01% | 0% |
Associates | ||
Transactions with related parties | ||
Trade payables (Note 17) | Rp 43 | |
% of total liabilities | 0.03% |
RELATED PARTY TRANSACTIONS - Li
RELATED PARTY TRANSACTIONS - Liabilities with Related Parties (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Transactions with related parties | ||
Accrued expenses | Rp 134 | Rp 131 |
% of accrued expenses on total liabilities | 0.11% | 0.10% |
Customer deposits | Rp 19 | Rp 19 |
% of Customer deposits on total liabilities | 0.02% | 0.01% |
Contract liabilities | Rp 600 | Rp 664 |
% of contract liabilities on total liabilities | 0.48% | 0.50% |
Short-term bank loans (Note 20) | Rp 4,462 | Rp 1,578 |
Percentage of short-term bank loans on total liabilities | 3.55% | 1.20% |
Two-step loans (Note 21a) | Rp 209 | Rp 355 |
Percentage of two-step loans on total liabilities | 0.17% | 0.27% |
Long-term bank loans (Note 21c) | Rp 11,284 | Rp 17,630 |
Percentage of long-term bank loans on total liabilities | 8.97% | 13.46% |
Other borrowings (Note 21d) | Rp 1,314 | Rp 2,605 |
Percentage of other borrowings on total liabilities | 1.04% | 1.99% |
Government | ||
Transactions with related parties | ||
Accrued expenses | Rp 1 | Rp 3 |
% of accrued expenses on total liabilities | 0% | 0% |
Contract liabilities | Rp 34 | Rp 19 |
% of contract liabilities on total liabilities | 0.03% | 0.01% |
Government agencies | ||
Transactions with related parties | ||
Contract liabilities | Rp 328 | Rp 295 |
% of contract liabilities on total liabilities | 0.26% | 0.23% |
Entities under common control | ||
Transactions with related parties | ||
Accrued expenses | Rp 133 | Rp 128 |
% of accrued expenses on total liabilities | 0.11% | 0.10% |
Contract liabilities | Rp 561 | Rp 642 |
% of contract liabilities on total liabilities | 0.45% | 0.49% |
PLN | ||
Transactions with related parties | ||
Accrued expenses | Rp 57 | Rp 81 |
% of accrued expenses on total liabilities | 0.05% | 0.06% |
State-owned banks | ||
Transactions with related parties | ||
Accrued expenses | Rp 74 | Rp 40 |
% of accrued expenses on total liabilities | 0.06% | 0.03% |
Others, (each below Rp100 billion) | ||
Transactions with related parties | ||
Accrued expenses | Rp 2 | Rp 7 |
% of accrued expenses on total liabilities | 0% | 0.01% |
Contract liabilities | Rp 171 | Rp 229 |
% of contract liabilities on total liabilities | 0.14% | 0.17% |
MoCI | ||
Transactions with related parties | ||
Contract liabilities | Rp 62 | Rp 118 |
% of contract liabilities on total liabilities | 0.05% | 0.09% |
Associates | ||
Transactions with related parties | ||
Contract liabilities | Rp 2 | Rp 2 |
% of contract liabilities on total liabilities | 0% | 0% |
Others related entities | ||
Transactions with related parties | ||
Contract liabilities | Rp 3 | Rp 1 |
% of contract liabilities on total liabilities | 0% | 0% |
RELATED PARTY TRANSACTIONS - _3
RELATED PARTY TRANSACTIONS - Remuneration (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Directors | |||
Transactions with related parties | |||
Remuneration | Rp 401 | Rp 347 | Rp 263 |
% of total expenses | 0.40% | 0.35% | 0.28% |
Board of Commissioners | |||
Transactions with related parties | |||
Remuneration | Rp 164 | Rp 140 | Rp 108 |
% of total expenses | 0.16% | 0.14% | 0.12% |
OPERATING SEGMENTS (Details)
OPERATING SEGMENTS (Details) $ in Millions, Rp in Billions | 12 Months Ended | |||
Dec. 31, 2022 IDR (Rp) segment | Dec. 31, 2022 USD ($) segment | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | |
Segment results | ||||
Number of reportable segments | segment | 4 | 4 | ||
Number of operating segments aggregated to form reportable segments | segment | 0 | 0 | ||
External revenues | Rp 147,306 | Rp 143,210 | Rp 136,447 | |
Total revenues | 147,306 | $ 9,462 | 143,210 | 136,447 |
Profit before income tax | 36,430 | $ 2,340 | 43,739 | 39,147 |
Capital expenditures | (34,146) | (30,321) | (29,279) | |
Depreciation and amortization | (33,129) | (31,714) | (28,925) | |
Provision recognised in current period | (567) | (474) | (2,344) | |
Operating Segments. | ||||
Segment results | ||||
External revenues | 146,689 | 142,798 | 136,126 | |
Inter-segment revenue | 50,329 | 46,146 | 40,725 | |
Total revenues | 197,018 | 188,944 | 176,851 | |
Profit before income tax | 42,394 | 49,413 | 43,587 | |
Capital expenditures | (33,981) | (30,275) | (29,067) | |
Depreciation and amortization | (37,589) | (35,530) | (32,075) | |
Provision recognised in current period | (578) | (425) | (2,259) | |
Adjustment and inter-segment elimination | ||||
Segment results | ||||
External revenues | 617 | 412 | 321 | |
Inter-segment revenue | (50,329) | (46,146) | (40,725) | |
Total revenues | (49,712) | (45,734) | (40,404) | |
Profit before income tax | (5,964) | (5,674) | (4,440) | |
Capital expenditures | (165) | (46) | (212) | |
Depreciation and amortization | 4,460 | 3,816 | 3,150 | |
Provision recognised in current period | 11 | (49) | (85) | |
Mobile | ||||
Segment results | ||||
External revenues | 85,493 | 84,267 | 83,720 | |
Total revenues | 85,493 | 84,267 | 83,720 | |
Mobile | Operating Segments. | ||||
Segment results | ||||
External revenues | 85,493 | 84,267 | 83,720 | |
Inter-segment revenue | 3,344 | 3,097 | 3,297 | |
Total revenues | 88,837 | 87,364 | 87,017 | |
Profit before income tax | 26,122 | 34,435 | 32,966 | |
Capital expenditures | (12,343) | (10,548) | (9,520) | |
Depreciation and amortization | (21,028) | (20,333) | (19,715) | |
Provision recognised in current period | (128) | (99) | (83) | |
Consumer | ||||
Segment results | ||||
External revenues | 26,354 | 24,930 | 20,957 | |
Total revenues | 26,349 | 24,928 | 21,005 | |
Consumer | Operating Segments. | ||||
Segment results | ||||
External revenues | 26,354 | 24,930 | 20,957 | |
Inter-segment revenue | 195 | 187 | 1,148 | |
Total revenues | 26,549 | 25,117 | 22,105 | |
Profit before income tax | 7,579 | 5,894 | 4,561 | |
Capital expenditures | (9,038) | (10,444) | (9,770) | |
Depreciation and amortization | (6,738) | (6,566) | (3,990) | |
Provision recognised in current period | (434) | (285) | (511) | |
Enterprise | ||||
Segment results | ||||
External revenues | 19,161 | 19,141 | 17,729 | |
Total revenues | 19,149 | 19,133 | 17,716 | |
Enterprise | Operating Segments. | ||||
Segment results | ||||
External revenues | 19,161 | 19,141 | 17,729 | |
Inter-segment revenue | 24,646 | 22,395 | 18,591 | |
Total revenues | 43,807 | 41,536 | 36,320 | |
Profit before income tax | 831 | (307) | (544) | |
Capital expenditures | (5,983) | (4,514) | (5,178) | |
Depreciation and amortization | (3,999) | (3,909) | (3,276) | |
Provision recognised in current period | (45) | (13) | (1,390) | |
WIB | ||||
Segment results | ||||
External revenues | 15,442 | 14,255 | 13,501 | |
Total revenues | 15,444 | 14,251 | 13,488 | |
WIB | Operating Segments. | ||||
Segment results | ||||
External revenues | 15,442 | 14,255 | 13,501 | |
Inter-segment revenue | 19,658 | 18,072 | 16,139 | |
Total revenues | 35,100 | 32,327 | 29,640 | |
Profit before income tax | 8,925 | 9,192 | 6,497 | |
Capital expenditures | (6,612) | (4,756) | (4,587) | |
Depreciation and amortization | (5,805) | (4,702) | (5,069) | |
Provision recognised in current period | 34 | 5 | (267) | |
Others. | ||||
Segment results | ||||
External revenues | 239 | 205 | 219 | |
Total revenues | 871 | 631 | 518 | |
Others. | Operating Segments. | ||||
Segment results | ||||
External revenues | 239 | 205 | 219 | |
Inter-segment revenue | 2,486 | 2,395 | 1,550 | |
Total revenues | 2,725 | 2,600 | 1,769 | |
Profit before income tax | (1,063) | 199 | 107 | |
Capital expenditures | (5) | (13) | (12) | |
Depreciation and amortization | (19) | (20) | (25) | |
Provision recognised in current period | Rp (5) | Rp (33) | Rp (8) |
OPERATING SEGMENTS - Revenue Re
OPERATING SEGMENTS - Revenue Reconciliation (Details) $ in Millions, Rp in Billions | 12 Months Ended | |||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | |
Disclosure of operating segments [line items] | ||||
REVENUES | Rp 147,306 | $ 9,462 | Rp 143,210 | Rp 136,447 |
Operating Segments. | ||||
Disclosure of operating segments [line items] | ||||
Total segment revenues | 197,018 | 188,944 | 176,851 | |
Revenue from other non-operating segments | 617 | 412 | 336 | |
REVENUES | 197,018 | 188,944 | 176,851 | |
Adjustment and inter-segment elimination | ||||
Disclosure of operating segments [line items] | ||||
Adjustment and elimination | (50,329) | (46,146) | (40,725) | |
IFRS reconciliation | (15) | |||
REVENUES | Rp (49,712) | Rp (45,734) | Rp (40,404) |
OPERATING SEGMENTS - Segment re
OPERATING SEGMENTS - Segment result reconciliation (Details) $ in Millions, Rp in Billions | 12 Months Ended | |||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | |
Disclosure of operating segments [line items] | ||||
Finance income | Rp 878 | $ 56 | Rp 558 | Rp 800 |
Finance cost | 4,077 | 262 | 4,394 | 4,602 |
Share of loss of long-term investment in associates | (87) | (6) | (78) | (246) |
Impairment of long-term investment in associates | (763) | |||
PROFIT BEFORE INCOME TAX | 36,430 | $ 2,340 | 43,739 | 39,147 |
Operating Segments. | ||||
Disclosure of operating segments [line items] | ||||
Total segment results | 42,394 | 49,413 | 43,587 | |
Loss from other non-operating segments | (1,772) | (1,237) | (627) | |
Finance income | 878 | 558 | 799 | |
PROFIT BEFORE INCOME TAX | 42,394 | 49,413 | 43,587 | |
Adjustment and inter-segment elimination | ||||
Disclosure of operating segments [line items] | ||||
Adjustment and elimination | (1,041) | (613) | 545 | |
Finance cost | (4,033) | (4,365) | (4,520) | |
Share of loss of long-term investment in associates | (87) | (78) | (246) | |
Impairment of long-term investment in associates | (763) | |||
IFRS reconciliation | 91 | 61 | 372 | |
PROFIT BEFORE INCOME TAX | Rp (5,964) | Rp (5,674) | Rp (4,440) |
OPERATING SEGMENTS - Capital ex
OPERATING SEGMENTS - Capital expenditure reconciliation (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of operating segments [line items] | |||
Capital expenditures | Rp (34,146) | Rp (30,321) | Rp (29,279) |
Operating Segments. | |||
Disclosure of operating segments [line items] | |||
Total segment capital expenditure | (33,981) | (30,275) | (29,067) |
Capital expenditure from other non-operating segments | (175) | (66) | (369) |
Capital expenditures | (33,981) | (30,275) | (29,067) |
Adjustment and inter-segment elimination | |||
Disclosure of operating segments [line items] | |||
IFRS reconciliation | 10 | 20 | 157 |
Capital expenditures | Rp (165) | Rp (46) | Rp (212) |
OPERATING SEGMENTS - Depreciati
OPERATING SEGMENTS - Depreciation and Amortization Expense (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of operating segments [line items] | |||
Depreciation and amortization | Rp (33,129) | Rp (31,714) | Rp (28,925) |
Operating Segments. | |||
Disclosure of operating segments [line items] | |||
Total segment depreciation and amortization | (37,589) | (35,530) | (32,075) |
Depreciation and amortization from other non-operating segments | (263) | (280) | (259) |
Depreciation and amortization | (37,589) | (35,530) | (32,075) |
Adjustment and inter-segment elimination | |||
Disclosure of operating segments [line items] | |||
Adjustment and elimination | 4,597 | 3,994 | 3,442 |
IFRS reconciliation | 126 | 102 | (33) |
Depreciation and amortization | Rp 4,460 | Rp 3,816 | Rp 3,150 |
OPERATING SEGMENTS - Provision
OPERATING SEGMENTS - Provision recognized in current year (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of operating segments [line items] | |||
Total consolidated | Rp (567) | Rp (474) | Rp (2,344) |
Operating Segments. | |||
Disclosure of operating segments [line items] | |||
Total segment provision | (578) | (425) | (2,259) |
Provision recognized from other non-operating segments | (7) | (3) | (6) |
Adjustment and inter-segment elimination | |||
Disclosure of operating segments [line items] | |||
Adjustment and elimination | Rp 18 | Rp (46) | (97) |
IFRS reconciliation | Rp 18 |
OPERATING SEGMENTS - Geographic
OPERATING SEGMENTS - Geographic Information (Details) $ in Millions, Rp in Billions | 12 Months Ended | |||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | |
Geographic information: | ||||
Revenue | Rp 147,306 | $ 9,462 | Rp 143,210 | Rp 136,447 |
Non-current operating assets | 179,793 | 170,711 | ||
Indonesia | ||||
Geographic information: | ||||
Revenue | 139,983 | 136,482 | 130,082 | |
Non-current operating assets | 176,586 | 168,002 | ||
Foreign countries | ||||
Geographic information: | ||||
Revenue | 7,323 | 6,728 | Rp 6,365 | |
Non-current operating assets | Rp 3,207 | Rp 2,709 |
SIGNIFICANT COMMITMENTS AND A_3
SIGNIFICANT COMMITMENTS AND AGREEMENTS - Capital expenditures (Details) - Dec. 31, 2022 $ in Millions, Rp in Billions | IDR (Rp) | USD ($) |
SIGNIFICANT COMMITMENTS AND AGREEMENTS | ||
Capital expenditures | Rp 10,046 | $ 267 |
SIGNIFICANT COMMITMENTS AND A_4
SIGNIFICANT COMMITMENTS AND AGREEMENTS - Borrowings and other credit facilities (Details) - Dec. 31, 2022 $ in Millions, Rp in Billions | IDR (Rp) | USD ($) |
Borrowings and other credit facilities | ||
Total facility | Rp 1,500 | |
Facility utilized | 659 | |
Telkomsel | ||
Borrowings and other credit facilities | ||
Total facility | 3,100 | |
Facility utilized | 1,600 | |
BRI | ||
Borrowings and other credit facilities | ||
Total facility | 500 | |
Facility utilized | 294 | |
BRI | Telkomsel | ||
Borrowings and other credit facilities | ||
Total facility | 1,000 | |
Facility utilized | 23 | |
BNI | ||
Borrowings and other credit facilities | ||
Total facility | 500 | |
Facility utilized | 129 | |
BNI | Telkomsel | ||
Borrowings and other credit facilities | ||
Total facility | 2,100 | |
Facility utilized | 1,577 | |
Bank Mandiri | ||
Borrowings and other credit facilities | ||
Total facility | 500 | |
Facility utilized | 236 | |
Bank Mandiri | TELIN | ||
Borrowings and other credit facilities | ||
Total facility | 233 | $ 15 |
Maximum capacity | Rp 389 | $ 25 |
SIGNIFICANT COMMITMENTS AND A_5
SIGNIFICANT COMMITMENTS AND AGREEMENTS - Radio Frequency Usage (Details) - Telkomsel - IDR (Rp) Rp in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of Significant Commitments and Agreements [Line Items] | ||
Amount of performance bond | Rp 617,150 | Rp 20,000 |
Amount of surety bond | Rp 360,000 | Rp 1,030,000 |
SIGNIFICANT COMMITMENTS AND A_6
SIGNIFICANT COMMITMENTS AND AGREEMENTS - Operating lease commitments (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Operating lease commitments | ||
Future minimum lease receivables | Rp 16,043 | Rp 14,749 |
Minimum | ||
Operating lease commitments | ||
Non-cancelable lease term | 1 year | |
Maximum | ||
Operating lease commitments | ||
Non-cancelable lease term | 10 years | |
No later than a year | ||
Operating lease commitments | ||
Future minimum lease receivables | Rp 2,582 | 3,095 |
1-5 years | ||
Operating lease commitments | ||
Future minimum lease receivables | 8,354 | 6,922 |
More than 5 years | ||
Operating lease commitments | ||
Future minimum lease receivables | Rp 5,107 | Rp 4,732 |
SIGNIFICANT COMMITMENTS AND A_7
SIGNIFICANT COMMITMENTS AND AGREEMENTS - Service concession arrangement (Details) - IDR (Rp) Rp in Billions | Mar. 31, 2021 | Jun. 22, 2017 | Dec. 27, 2011 |
Service concession arrangement | |||
Percentage of gross revenue to be contributed for united service organization development | 1.25% | ||
Telkomsel | |||
Service concession arrangement | |||
Service concession arrangements amount | Rp 261 | ||
Compensation receivable | Rp 218 | ||
Compensation received | 91 | ||
Additional payment | Rp 0 |
FINANCIAL INSTRUMENTS - Financi
FINANCIAL INSTRUMENTS - Financial assets (Details) - IDR (Rp) Rp in Billions | Dec. 31, 2022 | Dec. 31, 2021 |
FINANCIAL RISK MANAGEMENT | ||
Total financial assets | Rp 50,907 | Rp 61,320 |
Amortized cost | Cash and cash equivalents | ||
FINANCIAL RISK MANAGEMENT | ||
Total financial assets | 31,947 | 38,311 |
Amortized cost | Other current financial assets | ||
FINANCIAL RISK MANAGEMENT | ||
Total financial assets | 1,268 | 415 |
Amortized cost | Trade and other receivables | ||
FINANCIAL RISK MANAGEMENT | ||
Total financial assets | 8,895 | 8,705 |
Amortized cost | Other non-current assets | ||
FINANCIAL RISK MANAGEMENT | ||
Total financial assets | 186 | 150 |
FVTPL | Other current financial assets | ||
FINANCIAL RISK MANAGEMENT | ||
Total financial assets | Rp 81 | Rp 78 |
FINANCIAL INSTRUMENTS - Finan_2
FINANCIAL INSTRUMENTS - Financial liabilities (Details) - IDR (Rp) Rp in Billions | Dec. 31, 2022 | Dec. 31, 2021 |
FINANCIAL RISK MANAGEMENT | ||
Total financial liabilities | Rp 97,432 | Rp 102,770 |
Financial liabilities measured at amortized cost | Trade and other payables | ||
FINANCIAL RISK MANAGEMENT | ||
Total financial liabilities | 18,920 | 17,779 |
Financial liabilities measured at amortized cost | Accrued expenses | ||
FINANCIAL RISK MANAGEMENT | ||
Total financial liabilities | 15,445 | 15,885 |
Financial liabilities measured at amortized cost | Customers deposits | ||
FINANCIAL RISK MANAGEMENT | ||
Total financial liabilities | 44 | 401 |
Financial liabilities measured at amortized cost | Short-term bank loans | ||
FINANCIAL RISK MANAGEMENT | ||
Total financial liabilities | 8,191 | 6,682 |
Financial liabilities measured at amortized cost | Two-step loans. | ||
FINANCIAL RISK MANAGEMENT | ||
Total financial liabilities | 209 | 355 |
Financial liabilities measured at amortized cost | Bonds and notes payable | ||
FINANCIAL RISK MANAGEMENT | ||
Total financial liabilities | 4,793 | 6,993 |
Financial liabilities measured at amortized cost | Long-term bank loans | ||
FINANCIAL RISK MANAGEMENT | ||
Total financial liabilities | 29,873 | 36,056 |
Financial liabilities measured at amortized cost | Lease liabilities | ||
FINANCIAL RISK MANAGEMENT | ||
Total financial liabilities | 18,473 | 15,888 |
Financial liabilities measured at amortized cost | Other borrowings. | ||
FINANCIAL RISK MANAGEMENT | ||
Total financial liabilities | 1,314 | 2,605 |
Financial liabilities measured at amortized cost | Other liabilities | ||
FINANCIAL RISK MANAGEMENT | ||
Total financial liabilities | Rp 170 | Rp 126 |
FINANCIAL INSTRUMENTS - Fair va
FINANCIAL INSTRUMENTS - Fair values (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
FINANCIAL RISK MANAGEMENT | ||
Financial assets | Rp 50,907 | Rp 61,320 |
Financial liabilities | 97,432 | 102,770 |
Gain or loss recognised in profit or loss | 282 | |
GOTO | ||
FINANCIAL RISK MANAGEMENT | ||
Financial assets are long-term investments | 2,159 | |
PT Global Sukses Solusi | ||
FINANCIAL RISK MANAGEMENT | ||
Financial assets are long-term investments | 13 | |
Other current financial assets | At fair value | ||
FINANCIAL RISK MANAGEMENT | ||
Financial assets | 81 | 78 |
Financial assets, fair value | 81 | 78 |
Other current financial assets | At fair value | Level 1 | ||
FINANCIAL RISK MANAGEMENT | ||
Financial assets, fair value | 81 | 78 |
Long-term investment in financial instruments | ||
FINANCIAL RISK MANAGEMENT | ||
Financial assets | 8,530 | 13,661 |
Long-term investment in financial instruments | At fair value | ||
FINANCIAL RISK MANAGEMENT | ||
Financial assets | 8,508 | 13,643 |
Financial assets, fair value | 8,508 | 13,643 |
Long-term investment in financial instruments | At fair value | Level 1 | ||
FINANCIAL RISK MANAGEMENT | ||
Financial assets, fair value | 2,172 | |
Long-term investment in financial instruments | At fair value | Level 2 | ||
FINANCIAL RISK MANAGEMENT | ||
Financial assets, fair value | 8,899 | |
Long-term investment in financial instruments | At fair value | Level 3 | ||
FINANCIAL RISK MANAGEMENT | ||
Financial assets, fair value | 6,336 | 4,744 |
Financial liabilities measured at amortized cost | Level 1 | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities, fair value | 7,867 | 8,097 |
Financial liabilities measured at amortized cost | Level 2 | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities, fair value | 8,899 | |
Financial liabilities measured at amortized cost | Level 3 | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities, fair value | 56,379 | 59,913 |
Financial liabilities measured at amortized cost | At fair value | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities, fair value | 64,246 | 76,909 |
Financial liabilities measured at amortized cost | Carrying value | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities | 63,443 | 75,762 |
Financial liabilities measured at amortized cost | Two-step loans. | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities | 209 | 355 |
Financial liabilities, fair value | 207 | 351 |
Financial liabilities measured at amortized cost | Two-step loans. | Level 3 | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities, fair value | 207 | 351 |
Financial liabilities measured at amortized cost | Bonds and notes payable | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities | 4,793 | 6,993 |
Financial liabilities, fair value | 5,614 | 8,019 |
Financial liabilities measured at amortized cost | Bonds and notes payable | Level 1 | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities, fair value | 5,614 | 8,019 |
Financial liabilities measured at amortized cost | Long-term bank loans | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities | 29,873 | 36,056 |
Financial liabilities, fair value | 29,860 | 36,176 |
Financial liabilities measured at amortized cost | Long-term bank loans | Level 3 | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities, fair value | 29,860 | 36,176 |
Financial liabilities measured at amortized cost | Lease liabilities | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities | 18,473 | 15,888 |
Financial liabilities, fair value | 18,473 | 15,888 |
Financial liabilities measured at amortized cost | Lease liabilities | Level 3 | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities, fair value | 18,473 | 15,888 |
Financial liabilities measured at amortized cost | Other borrowings. | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities | 1,314 | 2,605 |
Financial liabilities, fair value | 1,311 | 2,610 |
Financial liabilities measured at amortized cost | Other borrowings. | Level 3 | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities, fair value | 1,311 | 2,610 |
Financial liabilities measured at amortized cost | Other liabilities | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities | 170 | 126 |
Financial liabilities, fair value | 170 | 126 |
Financial liabilities measured at amortized cost | Other liabilities | Level 3 | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities, fair value | 170 | 126 |
FVTPL | Other current financial assets | ||
FINANCIAL RISK MANAGEMENT | ||
Financial assets | 81 | 78 |
FVTPL | Long-term investment in financial instruments | ||
FINANCIAL RISK MANAGEMENT | ||
Financial assets | 8,508 | 13,643 |
FVTOCI | Long-term investment in financial instruments | ||
FINANCIAL RISK MANAGEMENT | ||
Financial assets | 22 | 18 |
FVTOCI | Long-term investment in financial instruments | Level 3 | ||
FINANCIAL RISK MANAGEMENT | ||
Financial assets | Rp 22 | Rp 18 |
FINANCIAL INSTRUMENTS - Reconci
FINANCIAL INSTRUMENTS - Reconciliation (Details) $ in Millions, Rp in Billions | 12 Months Ended | ||
Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | |
Disclosure of fair value measurement of assets [line items] | |||
Assets at beginning of period | Rp 276,158 | ||
Assets at end of period | 274,817 | $ 17,651 | Rp 276,158 |
Level 3 | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets at beginning of period | 4,762 | 1,962 | |
Profit or loss | 313 | 936 | |
Other comprehensive income | (31) | ||
Purchase/addition | 1,338 | 2,068 | |
Settlement/deduction | (24) | (204) | |
Assets at end of period | Rp 6,358 | Rp 4,762 |
FINANCIAL INSTRUMENTS - Sensiti
FINANCIAL INSTRUMENTS - Sensitivity Analysis (Details) Rp in Billions | 12 Months Ended |
Dec. 31, 2022 IDR (Rp) | |
Backsolve method | Volatility | Subsidiaries investment | Non-listed equity investment - technology | |
Disclosure of fair value measurement of assets [line items] | |
Percentage of reasonably possible increase in unobservable input, assets | 10% |
Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, assets | Rp 23 |
Backsolve method | Volatility | Minimum | Subsidiaries investment | Non-listed equity investment - technology | |
Disclosure of fair value measurement of assets [line items] | |
Significant unobservable input, assets | 30 |
Backsolve method | Volatility | Maximum | Subsidiaries investment | Non-listed equity investment - technology | |
Disclosure of fair value measurement of assets [line items] | |
Significant unobservable input, assets | 93.99 |
Backsolve method | Exit timing | Subsidiaries investment | Non-listed equity investment - technology | |
Disclosure of fair value measurement of assets [line items] | |
Period of reasonably possible increase (Decrease) in unobservable input, assets | 1 year |
Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, assets | Rp 22 |
Backsolve method | Exit timing | Convertible Bonds | Non-listed equity investment - technology | |
Disclosure of fair value measurement of assets [line items] | |
Percentage of reasonably possible increase in unobservable input, assets | 10% |
Period of reasonably possible increase (Decrease) in unobservable input, assets | 1 year |
Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, assets | Rp 2 |
Backsolve method | Exit timing | Minimum | Subsidiaries investment | Non-listed equity investment - technology | |
Disclosure of fair value measurement of assets [line items] | |
Period of reasonably possible increase (Decrease) in unobservable input, assets | 1 year 3 months |
Backsolve method | Exit timing | Minimum | Convertible Bonds | Non-listed equity investment - technology | |
Disclosure of fair value measurement of assets [line items] | |
Significant unobservable input, assets | 33.42 |
Period of reasonably possible increase (Decrease) in unobservable input, assets | 3 years 3 months |
Backsolve method | Exit timing | Maximum | Subsidiaries investment | Non-listed equity investment - technology | |
Disclosure of fair value measurement of assets [line items] | |
Period of reasonably possible increase (Decrease) in unobservable input, assets | 5 years |
Backsolve method | Exit timing | Maximum | Convertible Bonds | Non-listed equity investment - technology | |
Disclosure of fair value measurement of assets [line items] | |
Significant unobservable input, assets | 48.02 |
Period of reasonably possible increase (Decrease) in unobservable input, assets | 3 years 3 months 29 days |
CoCos Equity | Volatility | Subsidiaries investment | Non-listed equity investment - technology | |
Disclosure of fair value measurement of assets [line items] | |
Percentage of reasonably possible increase in unobservable input, assets | 10% |
Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, assets | Rp 13 |
CoCos Equity | Volatility | Minimum | Subsidiaries investment | Non-listed equity investment - technology | |
Disclosure of fair value measurement of assets [line items] | |
Significant unobservable input, assets | 20 |
CoCos Equity | Volatility | Maximum | Subsidiaries investment | Non-listed equity investment - technology | |
Disclosure of fair value measurement of assets [line items] | |
Significant unobservable input, assets | 93.99 |
CoCos Equity | Exit timing | Subsidiaries investment | Non-listed equity investment - technology | |
Disclosure of fair value measurement of assets [line items] | |
Period of reasonably possible increase (Decrease) in unobservable input, assets | 1 year |
Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, assets | Rp 10 |
CoCos Equity | Exit timing | Minimum | Subsidiaries investment | Non-listed equity investment - technology | |
Disclosure of fair value measurement of assets [line items] | |
Period of reasonably possible increase (Decrease) in unobservable input, assets | 1 year |
CoCos Equity | Exit timing | Maximum | Subsidiaries investment | Non-listed equity investment - technology | |
Disclosure of fair value measurement of assets [line items] | |
Period of reasonably possible increase (Decrease) in unobservable input, assets | 6 years |
CoCos Equity | Equity value/revenue multiple | Subsidiaries investment | Non-listed equity investment - technology | |
Disclosure of fair value measurement of assets [line items] | |
Multiple of reasonably possible increase in unobservable input, assets | 1 |
Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, assets | Rp 3 |
CoCos Equity | Equity value/revenue multiple | Minimum | Subsidiaries investment | Non-listed equity investment - technology | |
Disclosure of fair value measurement of assets [line items] | |
Multiple of reasonably possible increase in unobservable input, assets | 2.36 |
CoCos Equity | Equity value/revenue multiple | Maximum | Subsidiaries investment | Non-listed equity investment - technology | |
Disclosure of fair value measurement of assets [line items] | |
Multiple of reasonably possible increase in unobservable input, assets | 4.36 |
Discounted cash flow | Weighted Average Cost of Capital ("WACC") | Subsidiaries investment | Non-listed equity investment - credit rating agency | |
Disclosure of fair value measurement of assets [line items] | |
Percentage of reasonably possible increase in unobservable input, assets | 50% |
Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, assets | Rp 9 |
Discounted cash flow | Weighted Average Cost of Capital ("WACC") | Subsidiaries investment | Non-listed equity investment - telecommunication | |
Disclosure of fair value measurement of assets [line items] | |
Percentage of reasonably possible increase in unobservable input, assets | 0.50% |
Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, assets | Rp 6 |
Discounted cash flow | Weighted Average Cost of Capital ("WACC") | Minimum | Subsidiaries investment | Non-listed equity investment - credit rating agency | |
Disclosure of fair value measurement of assets [line items] | |
Significant unobservable input, assets | 12 |
Discounted cash flow | Weighted Average Cost of Capital ("WACC") | Minimum | Subsidiaries investment | Non-listed equity investment - telecommunication | |
Disclosure of fair value measurement of assets [line items] | |
Significant unobservable input, assets | 3.40 |
Discounted cash flow | Weighted Average Cost of Capital ("WACC") | Maximum | Subsidiaries investment | Non-listed equity investment - credit rating agency | |
Disclosure of fair value measurement of assets [line items] | |
Significant unobservable input, assets | 22 |
Discounted cash flow | Weighted Average Cost of Capital ("WACC") | Maximum | Subsidiaries investment | Non-listed equity investment - telecommunication | |
Disclosure of fair value measurement of assets [line items] | |
Significant unobservable input, assets | 14 |
Discounted cash flow | Terminal growth rate | Subsidiaries investment | Non-listed equity investment - credit rating agency | |
Disclosure of fair value measurement of assets [line items] | |
Percentage of reasonably possible increase in unobservable input, assets | 1% |
Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, assets | Rp 6 |
Discounted cash flow | Terminal growth rate | Subsidiaries investment | Non-listed equity investment - telecommunication | |
Disclosure of fair value measurement of assets [line items] | |
Percentage of reasonably possible increase in unobservable input, assets | 1% |
Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, assets | Rp 3 |
Discounted cash flow | Terminal growth rate | Minimum | Subsidiaries investment | Non-listed equity investment - credit rating agency | |
Disclosure of fair value measurement of assets [line items] | |
Significant unobservable input, assets | 1 |
Discounted cash flow | Terminal growth rate | Minimum | Subsidiaries investment | Non-listed equity investment - telecommunication | |
Disclosure of fair value measurement of assets [line items] | |
Significant unobservable input, assets | 1.5 |
Discounted cash flow | Terminal growth rate | Maximum | Non-listed equity investment - telecommunication | |
Disclosure of fair value measurement of assets [line items] | |
Significant unobservable input, assets | 3.2 |
Discounted cash flow | Terminal growth rate | Maximum | Subsidiaries investment | Non-listed equity investment - credit rating agency | |
Disclosure of fair value measurement of assets [line items] | |
Significant unobservable input, assets | 5 |
Probability-weighted Method | IPO Probability | Subsidiaries investment | Non-listed equity investment - technology | |
Disclosure of fair value measurement of assets [line items] | |
Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, assets | Rp 4 |
Probability-weighted Method | IPO Probability | Minimum | Subsidiaries investment | Non-listed equity investment - technology | |
Disclosure of fair value measurement of assets [line items] | |
Significant unobservable input, assets | 30 |
Probability-weighted Method | IPO Probability | Maximum | Subsidiaries investment | Non-listed equity investment - technology | |
Disclosure of fair value measurement of assets [line items] | |
Significant unobservable input, assets | 40 |
FINANCIAL INSTRUMENTS - Signifi
FINANCIAL INSTRUMENTS - Significant customer (Details) - Foreign exchange risk ¥ in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2022 USD ($) | Dec. 31, 2022 JPY (¥) | Dec. 31, 2021 USD ($) | Dec. 31, 2021 JPY (¥) | |
FINANCIAL RISK MANAGEMENT | ||||
Foreign currency liabilities offset by time deposits and receivables (as a percent) | 25% | |||
United States Dollar | ||||
FINANCIAL RISK MANAGEMENT | ||||
Net exposure | $ | $ 590 | $ 1,150 | ||
Japanese yen | ||||
FINANCIAL RISK MANAGEMENT | ||||
Net exposure | ¥ | ¥ (1,560) | ¥ (2,310) | ||
Minimum | ||||
FINANCIAL RISK MANAGEMENT | ||||
Duration of time deposits and hedging instruments | 3 months | |||
Maximum | ||||
FINANCIAL RISK MANAGEMENT | ||||
Duration of time deposits and hedging instruments | 12 months | |||
Financial asset | United States Dollar | ||||
FINANCIAL RISK MANAGEMENT | ||||
Net exposure | $ | $ 780 | 1,360 | ||
Financial asset | Japanese yen | ||||
FINANCIAL RISK MANAGEMENT | ||||
Net exposure | ¥ | 10 | 0 | ||
Financial liability | United States Dollar | ||||
FINANCIAL RISK MANAGEMENT | ||||
Net exposure | $ | $ (190) | $ (210) | ||
Financial liability | Japanese yen | ||||
FINANCIAL RISK MANAGEMENT | ||||
Net exposure | ¥ | ¥ (1,570) | ¥ (2,310) |
FINANCIAL INSTRUMENTS - Sensi_2
FINANCIAL INSTRUMENTS - Sensitivity analysis (Details) - Foreign exchange risk Rp in Billions | Dec. 31, 2022 IDR (Rp) |
United States Dollar | |
FINANCIAL RISK MANAGEMENT | |
Increase in percent (as a percent) | 1% |
Equity change | Rp 92 |
Japanese yen | |
FINANCIAL RISK MANAGEMENT | |
Increase in percent (as a percent) | 5% |
Equity change | Rp (9) |
FINANCIAL INSTRUMENTS - Interes
FINANCIAL INSTRUMENTS - Interest rate risk profit (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities | Rp (97,432) | Rp (102,770) |
Interest rate risk | Fixed rate borrowings | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities | (27,579) | (24,944) |
Interest rate risk | Variable rate borrowings | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities | Rp (35,274) | Rp (43,634) |
Increase in percent (as a percent) | 0.25% | |
Decrease in percent (as a percent) | 0.25% | |
Equity change | Rp 88.2 | |
Equity change | (88.2) | |
Net income change | 88.2 | |
Net income change | Rp (88.2) |
FINANCIAL INSTRUMENTS - Credit
FINANCIAL INSTRUMENTS - Credit risk (Details) - IDR (Rp) Rp in Billions | Dec. 31, 2022 | Dec. 31, 2021 |
FINANCIAL RISK MANAGEMENT | ||
Maximum credit exposure | Rp 1,500 | |
Maximum share of total receivables held by any client (as a percent) | 4.32% | 5.05% |
Credit risk | ||
FINANCIAL RISK MANAGEMENT | ||
Maximum credit exposure | Rp 42,377 | Rp 47,659 |
Credit risk | Cash and cash equivalents | ||
FINANCIAL RISK MANAGEMENT | ||
Maximum credit exposure | 31,947 | 38,311 |
Credit risk | Other current financial assets | ||
FINANCIAL RISK MANAGEMENT | ||
Maximum credit exposure | 1,349 | 493 |
Credit risk | Trade and other receivables | ||
FINANCIAL RISK MANAGEMENT | ||
Maximum credit exposure | 8,895 | 8,705 |
Credit risk | Other non-current assets | ||
FINANCIAL RISK MANAGEMENT | ||
Maximum credit exposure | Rp 186 | Rp 150 |
FINANCIAL INSTRUMENTS - Liquidi
FINANCIAL INSTRUMENTS - Liquidity risk (Details) - IDR (Rp) Rp in Billions | Dec. 31, 2022 | Dec. 31, 2021 |
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities | Rp 97,432 | Rp 102,770 |
Liquidity risk | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities | 97,432 | 102,770 |
Contractual cash flow | (112,711) | (114,738) |
Liquidity risk | Trade and other payables | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities | 18,920 | 17,779 |
Contractual cash flow | (18,920) | (17,779) |
Liquidity risk | Accrued expenses | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities | 15,445 | 15,885 |
Contractual cash flow | (15,445) | (15,885) |
Liquidity risk | Customer deposits | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities | 44 | 401 |
Contractual cash flow | (44) | (401) |
Liquidity risk | Short-term bank loans. | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities | 8,191 | 6,682 |
Contractual cash flow | (8,191) | (6,682) |
Liquidity risk | Two-step loans. | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities | 209 | 355 |
Contractual cash flow | (216) | (375) |
Liquidity risk | Bonds and notes payable | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities | 4,793 | 6,993 |
Contractual cash flow | (10,096) | (12,821) |
Liquidity risk | Long-Term Bank loans. | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities | 29,873 | 36,056 |
Contractual cash flow | (36,301) | (41,867) |
Liquidity risk | Other borrowings. | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities | 1,314 | 2,605 |
Contractual cash flow | (1,394) | (2,801) |
Liquidity risk | Lease liabilities | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities | 18,473 | 15,888 |
Contractual cash flow | (21,908) | (15,979) |
Liquidity risk | Other liabilities | ||
FINANCIAL RISK MANAGEMENT | ||
Financial liabilities | 170 | 126 |
Contractual cash flow | (196) | (148) |
Liquidity risk | No later than a year | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (60,040) | (57,039) |
Liquidity risk | No later than a year | Trade and other payables | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (18,920) | (17,779) |
Liquidity risk | No later than a year | Accrued expenses | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (15,445) | (15,885) |
Liquidity risk | No later than a year | Customer deposits | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (44) | (401) |
Liquidity risk | No later than a year | Short-term bank loans. | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (8,191) | (6,682) |
Liquidity risk | No later than a year | Two-step loans. | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (123) | (150) |
Liquidity risk | No later than a year | Bonds and notes payable | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (509) | (2,817) |
Liquidity risk | No later than a year | Long-Term Bank loans. | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (10,020) | (8,228) |
Liquidity risk | No later than a year | Other borrowings. | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (1,027) | (1,164) |
Liquidity risk | No later than a year | Lease liabilities | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (5,741) | (3,922) |
Liquidity risk | No later than a year | Other liabilities | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (20) | (11) |
Liquidity risk | 1-2 years | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (13,911) | (15,533) |
Liquidity risk | 1-2 years | Two-step loans. | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (93) | (128) |
Liquidity risk | 1-2 years | Bonds and notes payable | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (510) | (507) |
Liquidity risk | 1-2 years | Long-Term Bank loans. | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (8,346) | (10,335) |
Liquidity risk | 1-2 years | Other borrowings. | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (367) | (1,115) |
Liquidity risk | 1-2 years | Lease liabilities | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (4,551) | (3,414) |
Liquidity risk | 1-2 years | Other liabilities | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (44) | (34) |
Liquidity risk | 2-3 years | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (12,255) | (11,086) |
Liquidity risk | 2-3 years | Two-step loans. | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (97) | |
Liquidity risk | 2-3 years | Bonds and notes payable | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (2,574) | (507) |
Liquidity risk | 2-3 years | Long-Term Bank loans. | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (6,871) | (7,492) |
Liquidity risk | 2-3 years | Other borrowings. | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (522) | |
Liquidity risk | 2-3 years | Lease liabilities | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (2,766) | (2,434) |
Liquidity risk | 2-3 years | Other liabilities | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (44) | (34) |
Liquidity risk | 3-4 years | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (7,469) | (10,411) |
Liquidity risk | 3-4 years | Bonds and notes payable | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (293) | (2,500) |
Liquidity risk | 3-4 years | Long-Term Bank loans. | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (4,874) | (6,064) |
Liquidity risk | 3-4 years | Lease liabilities | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (2,258) | (1,813) |
Liquidity risk | 3-4 years | Other liabilities | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (44) | (34) |
Liquidity risk | After 4 years | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (19,036) | (20,669) |
Liquidity risk | After 4 years | Bonds and notes payable | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (6,210) | (6,490) |
Liquidity risk | After 4 years | Long-Term Bank loans. | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (6,190) | (9,748) |
Liquidity risk | After 4 years | Lease liabilities | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | (6,592) | (4,396) |
Liquidity risk | After 4 years | Other liabilities | ||
FINANCIAL RISK MANAGEMENT | ||
Contractual cash flow | Rp (44) | Rp (35) |
CAPITAL MANAGEMENT - Capital st
CAPITAL MANAGEMENT - Capital structure (Details) - IDR (Rp) Rp in Billions | Dec. 31, 2022 | Dec. 31, 2021 |
CAPITAL MANAGEMENT | ||
Short-term debts amount | Rp 8,191 | Rp 6,682 |
Long-term debts amount | 54,662 | 61,897 |
Total debts amount | 62,853 | 68,579 |
Equity attributable to owners of the parent company amount | 129,224 | 121,631 |
Total amount | Rp 192,077 | Rp 190,210 |
Short-term debts portion (as a percent) | 4.26% | 3.51% |
Long-term debts portion (as a percent) | 28.46% | 32.54% |
Total debts portion (as a percent) | 32.72% | 36.05% |
Equity attributable to owners of the parent company portion (as a percent) | 67.28% | 63.95% |
Total portion (as a percent) | 100% | 100% |
CAPITAL MANAGEMENT - Debt to eq
CAPITAL MANAGEMENT - Debt to equity ratio (Details) $ in Millions, Rp in Billions | Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 IDR (Rp) | Dec. 31, 2019 IDR (Rp) |
CAPITAL MANAGEMENT | ||||||
Total interest bearing debts | Rp 62,853 | Rp 68,579 | ||||
Less cash and cash equivalents | (31,947) | $ (2,052) | (38,311) | $ (2,461) | Rp (20,589) | Rp (18,241) |
Net debt | 30,906 | 30,268 | ||||
Total equity attributable to owners of the parent company | Rp 129,224 | Rp 121,631 | ||||
Net debt-to-equity ratio (as a percent) | 23.92% | 23.92% | 24.89% | 24.89% |
SUPPLEMENTAL CASH FLOW INFORM_3
SUPPLEMENTAL CASH FLOW INFORMATION (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
SUPPLEMENTAL CASH FLOW INFORMATION | |||
Acquisition of property and equipment - Credited to trade payables | Rp 4,662 | Rp 5,723 | Rp 5,175 |
Acquisition of property and equipment - Borrowing cost capitalization | 79 | 52 | 160 |
Addition of right-of-use assets - Credited to lease liabilities (Note 13) | 10,006 | 4,234 | 4,308 |
Acquisition of intangible assets: Credited to trade payables | Rp 258 | Rp 501 | Rp 341 |
SUPPLEMENTAL CASH FLOW INFORM_4
SUPPLEMENTAL CASH FLOW INFORMATION - Changes in liabilities (Details) - IDR (Rp) Rp in Billions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Balance at beginning of period | Rp 68,578 | Rp 64,722 |
Cash flows | (15,370) | (1,353) |
Foreign exchange movement | 112 | (18) |
New leases | 10,006 | 6,597 |
Other changes | (472) | (1,370) |
Balance at end of period | 62,854 | 68,578 |
Short-term bank loans | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Balance at beginning of period | 6,682 | 9,934 |
Cash flows | 1,510 | (3,252) |
Foreign exchange movement | (1) | |
Balance at end of period | 8,191 | 6,682 |
Two-step loans. | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Balance at beginning of period | 355 | 568 |
Cash flows | (144) | (182) |
Foreign exchange movement | (2) | (31) |
Balance at end of period | 209 | 355 |
Bonds and notes payable | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Balance at beginning of period | 6,993 | 7,469 |
Cash flows | (2,200) | (478) |
Other changes | 2 | |
Balance at end of period | 4,793 | 6,993 |
Long-term bank loans | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Balance at beginning of period | 36,056 | 28,229 |
Cash flows | (6,218) | 7,827 |
Foreign exchange movement | 55 | 13 |
Other changes | (20) | (13) |
Balance at end of period | 29,873 | 36,056 |
Other borrowings. | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Balance at beginning of period | 2,605 | 3,645 |
Cash flows | (1,294) | (1,043) |
Other changes | 3 | 3 |
Balance at end of period | 1,314 | 2,605 |
Lease liabilities | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Balance at beginning of period | 15,887 | 14,877 |
Cash flows | (7,024) | (4,225) |
Foreign exchange movement | 60 | |
New leases | 10,006 | 6,597 |
Other changes | (455) | (1,362) |
Balance at end of period | Rp 18,474 | Rp 15,887 |
SUBSEQUENT EVENTS (Details)
SUBSEQUENT EVENTS (Details) $ in Millions | 12 Months Ended | ||||||||
Apr. 06, 2023 IDR (Rp) shares | Mar. 30, 2023 IDR (Rp) | Mar. 16, 2023 IDR (Rp) | Feb. 15, 2023 IDR (Rp) item | Feb. 06, 2023 IDR (Rp) | Dec. 31, 2022 IDR (Rp) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 IDR (Rp) | Dec. 31, 2020 IDR (Rp) | |
Disclosure of non-adjusting events after reporting period [line items] | |||||||||
Purchase of property, plant and equipment, classified as investing activities | Rp 35,010,000,000,000 | $ 2,249 | Rp 29,923,000,000,000 | Rp 29,403,000,000,000 | |||||
Proceeds from borrowings, classified as financing activities | Rp 35,958,000,000,000 | $ 2,310 | Rp 46,612,000,000,000 | Rp 24,469,000,000,000 | |||||
New Borrowing | Bank Mandiri | |||||||||
Disclosure of non-adjusting events after reporting period [line items] | |||||||||
Proceeds from borrowings, classified as financing activities | Rp 1,000,000,000,000 | ||||||||
New Borrowing | Bank of China | |||||||||
Disclosure of non-adjusting events after reporting period [line items] | |||||||||
Proceeds from borrowings, classified as financing activities | Rp 1,000,000,000,000 | ||||||||
TELIN | |||||||||
Disclosure of non-adjusting events after reporting period [line items] | |||||||||
Percentage of ownership interest | 100% | 100% | 100% | ||||||
PST | |||||||||
Disclosure of non-adjusting events after reporting period [line items] | |||||||||
Percentage of ownership interest | 100% | 100% | 100% | ||||||
IndiHome | Transfer Business Segment | |||||||||
Disclosure of non-adjusting events after reporting period [line items] | |||||||||
Business segment transferred value | Rp 58,250,000,000,000 | ||||||||
Telkomsel | |||||||||
Disclosure of non-adjusting events after reporting period [line items] | |||||||||
Percentage of ownership interest | 65% | 65% | 65% | ||||||
Telkomsel | Transfer Business Segment | |||||||||
Disclosure of non-adjusting events after reporting period [line items] | |||||||||
Percentage of ownership interest | 69.90% | ||||||||
Percentage of diluted ownership interest | 70.40% | ||||||||
Payment for purchase of shares | Rp 2,713 | ||||||||
SingTel | Telkomsel | Transfer Business Segment | |||||||||
Disclosure of non-adjusting events after reporting period [line items] | |||||||||
Percentage of ownership interest | 30.10% | ||||||||
Percentage of diluted ownership interest | 29.60% | ||||||||
Shares acquired | shares | 1,551 | ||||||||
Telkomsel | Repayment of Loan | Bank of China | |||||||||
Disclosure of non-adjusting events after reporting period [line items] | |||||||||
Proceeds from borrowings, classified as financing activities | Rp 1,000,000,000,000 | ||||||||
Telkomsel | Transfer Business Segment | |||||||||
Disclosure of non-adjusting events after reporting period [line items] | |||||||||
Shares issued | 33,300 | ||||||||
Mitratel | Repayment of Loan | Telecommunication Towers | |||||||||
Disclosure of non-adjusting events after reporting period [line items] | |||||||||
Purchase of property, plant and equipment, classified as investing activities | Rp 1,648,000,000,000 | ||||||||
Mitratel | Major purchases of assets [member] | Telecommunication Towers | |||||||||
Disclosure of non-adjusting events after reporting period [line items] | |||||||||
Number of Telecommunication Towers Acquired | item | 997 |