UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13 a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of March , 2017

 

 

Perusahaan Perseroan (Persero)

PT Telekomunikasi Indonesia Tbk

(Exact name of Registrant as specified in its charter)

Telecommunications Indonesia

( A state-owned public limited liability Company )

(Translation of registrant’s name into English )

J l. Japati No. 1 Bandung 40133 , Indonesia

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F :

Form 20-F þ            Form 40-F  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes ¨           No þ

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes ¨           No þ

 

 

 


 

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf by the undersigned, thereunto duly authorized.

 

 

 

 

 

 

 

 

Date March 6,2017

Perusahaan Perseroan (Persero)

PT Telekomunikasi Indonesia Tbk

 

 

-----------------------------------------------------

(Registrant)

 

By: /s/ Andi Setiawan

----------------------------------------------------

(Signature)

 

Andi Setiawan

VP Investor Relations

 

 

 


 

 

 

 

 

 

 

 

INFORMATION TO INVESTOR

No.TEL. 22/KU839/COP-I5000000/2017

 

 

 

Jakarta, March 6, 2017 – Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk. ("Telkom") filed its audited consolidated financial statement for year 2016 to Indonesian Financial Services Authority (“OJK”) and Indonesian Stock Exchanges.

 

Telkom delivered remarkable performance in FY 16 by recording triple-double-digit growth in Revenue, EBITDA, and Net Income of 13.5%, 15.7%, and 24.9% YoY, respectively.

 

 

D ata, Internet & IT Services segment was the growth driver which increased by more than 31% YoY. The segment contributed 37.0% to total Revenue.

 

 

 A summary  of  the  statement of financial position and statement of comprehensive income as follows:  

 

Key Indicators

(Rp. Bn)

 

YoY

 

FY 16

 

FY 15

 

Growth (%)

 

Revenues

 

116,333

 

102,470

 

13.5

 

Expenses

 

77,138

 

70,052

 

10.1

 

Operating Profit

 

39,195

 

32,418

 

20.9

 

EBITDA

 

59,498

 

51,415

 

15.7

 

EBITDA Margin (%)

 

51.1

 

50.2

 

0.9ppt

 

Net Income

 

19,352

 

15,489

 

24.9

 

Net Income Margin (%)

 

16.6

 

15.1

 

1.5ppt

 

Assets

 

179,611

 

166,173

 

8.1

 

Liabilities

 

74,067

 

72,745

 

1.8

 

Non-controlling Interests

 

21,160

 

18,292

 

15.7

 

Equity attributable to owners of the compan

 

84,384

 

75,136

 

12.3

 

 

The  Financial Statements  are  prepared  in according with Indonesian Financial Accounting Standards.

 

Copies of  the Telkom's statement of financial position and statement of comprehensive income for the audited full year 2016 are attached to this Information to Investor. For a complete version of all the documents above, please visit  www.telkom.co.id.

 

 

Sincerely yours,

 

 

/s/   Andi Setiawan

 

 

Andi Setiawan

Vice President  Investor  Relations

 

For  further  information,  please  contact:

 

Investor  Relations

PT Telkom Indonesia (Persero), Tbk

Tel:          62-21-5215109

Fax:         62-21-5220500

Email:      investor@telkom.co.id

Website:  www.telkom.co.id

 

About PT Telkom Indonesia (Persero) Tbk

PT Telkom Indonesia (Persero) Tbk (“Telkom”) is the largest telecommunications and network provider in Indonesia.  The company offers a wide range of network and telecommunication services, including fixed wireline connections, cellular services, network and interconnection services, as well as internet and data communication services. Beside telecommunication services, it also operates multimedia businesses such as content and applications, completing its business portfolio which includes Telecommunication, Information, Media, Edutainment and Services (TIMES).  Its shares are traded on the Indonesia Stock Exchange (“IDX”) and the New York Stock Exchange (“NYSE”) , using the TLKM and TLK tickers, respectively.

 

 

 

 

 

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As of December 31, 2016

(Figures in tables are expressed in billions of rupiah, unless otherwise stated)

 

 

 

Notes

 

201 6

 

2015

 

ASSETS

 

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

 

Cash and cash equivalents

2c,2e,2u, 3 ,31, 3 7

 

29, 767

 

28 , 117

 

Other current financial assets

2c,2e,2u, 4 ,31, 3 7

 

1,47 1

 

2,818

 

Trade Receivables - net of provision for impairment of receivables

2g,2u,2ab, 5, 3 7

 

 

 

 

 

Related parties

2c,31

 

894

 

1,104

 

Third parties

 

 

6,469

 

6,413

 

Other receivables - net of provision for impairment of receivables

2g,2u,37

 

537

 

355

 

Inventories - net of provision for obsolescence

2h, 6

 

584

 

528

 

Advances and prepaid expenses

2c,2i, 2m, 7,3 1

 

5, 246

 

5 , 839

 

Claim for tax refund

2t,26

 

592

 

66

 

Prepaid taxes

2t, 2 6

 

2 , 138

 

2,672

 

A ssets held for sale

2j,9

 

3

 

-

 

Total Current Assets

 

 

47,701

 

47,912

 

NON-CURRENT ASSETS

 

 

 

 

 

 

Long-term investments

2f,8

 

1,847

 

1 , 807

 

Property and equipment - net of accumulated depreciation

2l,2m,2aa, 9 ,34

 

114, 498

 

103 , 700

 

Prepaid pension benefit cost

2s, 29

 

199

 

1 , 331

 

Advances and other non-current assets

2c,2g,2i,2n,2u,1 0 ,3 1 , 3 7

 

11,508

 

8,166

 

Intangible assets - net of accumulated amortization

2d,2k,2n,2aa,1 1

 

3, 089

 

3 , 056

 

Deferred tax assets - net

2t,2 6

 

769

 

201

 

Total Non-current Assets

 

 

131,910

 

118,2 61

 

TOTAL ASSETS

 

 

179,611

 

166,1 73

 

LIABILITIES AND EQUITY

 

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

 

 

Trade payables

2o,2u,12,3 7

 

 

 

 

 

Related parties

2c,31

 

1,547

 

2,075

 

Third parties

 

 

11,971

 

11,919

 

Other payables

2u,37

 

1 72

 

290

 

Taxes payable

2t,2 6

 

2 , 954

 

3 , 273

 

Accrued expenses

2c,2u,1 3 ,31,37

 

11, 283

 

8 , 247

 

Unearned income

2r,1 4

 

5, 563

 

4 , 360

 

Advances from customers and suppliers

2c,3 1

 

8 40

 

805

 

Short-term bank loans

2c,2m,2p,2u,15a,31,37

 

911

 

602

 

Current maturities of long-term borrowings

2c, 2m, 2p,2u, 15 b ,3 1 ,3 7

 

4 , 5 21

 

3,842

 

Total Current Liabilities

 

 

39,762

 

35,413

 

NON-CURRENT LIABILITIES

 

 

 

 

 

 

Deferred tax liabilities - net

2t,2 6

 

745

 

2 , 110

 

Unearned income

2r,14

 

425

 

371

 

Other liabilities

 

 

29

 

11

 

Long service award provisions

2s, 30

 

613

 

501

 

Pension benefits and other post-employment benefits

2s, 29

 

6,126

 

4 , 171

 

Long-term liabilities - net of current maturities

2c,2m,2p,2u, 1 6 ,31,37

 

26,3 67

 

30 , 168

 

Total Non-current Liabilities

 

 

34,305

 

37,332

 

TOTAL LIABILITIES

 

 

74,067

 

72,745

 

EQUITY

 

 

 

 

 

 

Capital stock

1c,18

 

5,040

 

5,040

 

Additional paid-in capital

2v,19

 

4,931

 

2,935

 

Treasury stock

2v,20

 

(2,541

)

(3,804

)

Other equity

2f,2u,21

 

339

 

508

 

Retained earnings

 

 

 

 

 

 

Appropriated

28

 

15,337

 

15,337

 

Unappropriated

 

 

6 1 , 278

 

55,120

 

Net equity attributable to:

 

 

 

 

 

 

Owners of the Parent Company

 

 

8 4 , 384

 

75,136

 

Non-controlling interests

2b,17

 

21,160

 

18,292

 

TOTAL EQUITY

 

 

105,544

 

93,428

 

TOTAL LIABILITIES AND EQUITY

 

 

1 79 , 611

 

166,173

 

 


 

 

 

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the YearEnded December 3 1 , 2016

(Figures in tables are expressed in billions of rupiah, unless otherwise stated)

 

 

 

Notes

 

2016

 

2015

 

REVENUES

2c,2r,22,31

 

116,333

 

102,470

 

Operations, maintenance and telecommunication service expenses

2c,2r,24,31

 

(31,263

)

(28,116

)

Depreciation and amortization expenses

2k,2l,2m,9,11

 

(18,532

)

(18,534

)

Personnel expenses

2c,2r,2s,23,31

 

(13,612

)

(11,874

)

Interconnection expenses

2c,2r,31

 

(3,218

)

(3,586

)

General and administrative expenses

2c,2r,25,31

 

(4,610

)

(4,204

)

Marketing expenses

2r

 

(4,132

)

(3,275

)

Losson foreign exchange - net

2q

 

(52

)

(46

)

Other income

2l,2r,9c

 

750

 

1,500

 

Other expenses

2r,9c

 

(2,469

)

(1,917

)

OPERATING PROFIT

 

 

39,195

 

32,418

 

Finance income

2c,31

 

1,716

 

1,407

 

Finance costs

2c,2p,2r,31

 

(2,810

)

(2,481

)

Share of profit (losses) of associated companies

2f,8

 

88

 

(2

)

PROFIT BEFORE INCOME TAX

 

 

38,189

 

31,342

 

INCOME TAX (EXPENSE) BENEFIT

2t,26

 

 

 

 

 

Current

 

 

(10,738

)

(8,365

)

Deferred

 

 

1,721

 

340

 

 

 

 

(9,017

)

(8,025

)

PROFIT FOR THE YEAR

 

 

29,172

 

23,317

 

OTHER COMPREHENSIVE INCOME

 

 

 

 

 

 

Other comprehensive income to be reclassified to profit or loss in subsequent periods:

 

 

 

 

 

 

Foreign currency translation

2f,2q,21

 

(40

)

128

 

Change in fair value of available-for-sale financial assets

2u,21

 

0

 

(1

)

Share of other comprehensive income of associated companies

2f,8

 

(1

)

(2

)

Other comprehensive income not to be reclassified to profit or loss in subsequent periods:

 

 

 

 

 

 

(Loss) gain actuarial - net

2s,29

 

(2,058

)

506

 

Other comprehensive income - net of tax

 

 

(2,099

)

631

 

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

 

 

27,073

 

23,948

 

Profit for the year attributable to:

 

 

 

 

 

 

Owners of the parent company

 

 

19,352

 

15,489

 

Non-controlling interests

2b,17

 

9,820

 

7,828

 

 

 

 

29,172

 

23,317

 

Total comprehensive income for the year attributable to:

 

 

 

 

 

 

Owners of the parent company

 

 

17,331

 

16,130

 

Non-controlling interests

2b,17

 

9,742

 

7,818

 

 

 

 

27,073

 

23,948

 

BASIC AND DILUTED EARNINGS PER SHARE

 

 

 

 

 

 

(in full amount)

2x,27

 

 

 

 

 

Net income per share

 

 

196.19

 

157.77

 

Net income per ADS (100 Series B shares per ADS)

 

 

19,619.11

 

15,777.00

 

 

 

 

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

For the Year Ended December 3 1 , 2016

 (Figures in tables are expressed in billions of rupiah, unless otherwise stated)

                                                                                                                                   

 

                                                                                                                                                                                   

 

 

 

 

Attributable to owners of the parent company

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retained earnings

 

 

 

 

 

 

 

Descriptions

 

Notes

 

Capitalstock

 

Additionalpaid-incapital

 

Treasurystock

 

Otherequity

 

Appropriated

 

Unappropriated

 

Net

 

Non-controllinginterests

 

Totalequity

 

Balance, January 1 , 201 6

 

 

 

5,040

 

2, 935

 

(3,8 04

)

508

 

15,337

 

55,120

 

75,136

 

18 ,292

 

93,428

 

Capital contribution

 

 

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

10

 

10

 

Acquisition of non-controlling interest

 

1d

 

-

 

-

 

-

 

(129

)

-

 

-

 

(129

)

(9

)

(138

)

Cash dividends

 

2w,2 8

 

-

 

-

 

-

 

-

 

-

 

(11,213

)

(11,213

)

(7,058

)

(18,271

)

Sale of t reasury s tock

 

20

 

-

 

1,996

 

1,263

 

-

 

-

 

-

 

3,259

 

-

 

3,259

 

Profit for the year

 

2b,17

 

-

 

-

 

-

 

-

 

-

 

19 , 352

 

19 , 352

 

9,820

 

29 , 172

 

Other comprehensive income

 

2f,2q,2s,2u,17

 

-

 

-

 

-

 

(40

)

-

 

(1,981

)

(2,021

)

(78

)

(2,099

)

Balance, December 3 1 , 2016

 

 

 

5,040

 

4,931

 

(2,541

)

339

 

15,337

 

6 1 , 278

 

8 4 , 384

 

21,160

 

10 5 , 544

 

 


 

 

 

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (continued)

For the Year Ended December 3 1 , 2015

 (Figures in tables are expressed in billions of rupiah, unless otherwise stated)

 

 

 

 

 

 

Attributable to owners of the parent company

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retained earnings

 

 

 

 

 

 

 

Descriptions

 

Notes

 

Capitalstock

 

Additionalpaid-incapital

 

Treasurystock

 

Otherequity

 

Appropriated

 

Unappropriated

 

Net

 

Non-controllinginterests

 

Totalequity

 

Balance, January 1, 2015

 

 

 

5,040

 

2,899

 

(3,836

)

381

 

15,337

 

47,900

 

67,721

 

18,271

 

85,992

 

Investments in associated entities

 

 

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

34

 

34

 

Cash dividends

 

2w, 28

 

-

 

-

 

-

 

-

 

-

 

(8,783

)

(8,783

)

(7,831

)

(16,614

)

Sales of treasury stock

 

20

 

-

 

36

 

32

 

-

 

-

 

-

 

68

 

-

 

68

 

Profit for the year

 

2b,17

 

-

 

-

 

-

 

-

 

-

 

15,489

 

15,489

 

7,828

 

23,317

 

Other comprehensive income

 

2f,2q,2s,2u,17

 

-

 

-

 

-

 

127

 

-

 

514

 

641

 

(10

)

631

 

Balance, December 31, 2015

 

 

 

5,040

 

2,935

 

(3,804

)

508

 

15,337

 

55,120

 

75,136

 

18,292

 

93,428

 

 

 

 

 

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENT OF C ASH FLOW

For the Year Ended December 3 1 , 2016

(Figures in tables are expressed in billions of rupiah, unless otherwise stated)

 

 

 

Notes

 

201 6

 

201 5

 

CASH FLOWS FROM OPERATING ACTIVITIES

 

 

 

 

 

 

Cash receipts of revenues from:

 

 

 

 

 

 

Customers

 

 

113,288

 

98,002

 

Other operators

 

 

2,828

 

2,700

 

Total cash receipts of revenues

 

 

116,116

 

100,702

 

Interest income received

 

 

1,736

 

1,386

 

Cash payments for expenses

 

 

(42,433

)

(35,922

)

Cash payments to employees

 

 

(11,207

)

(10,940

)

Payments for corporate and final income taxes

 

 

(11,304

)

(9,299

)

Payments for interest costs

 

 

(3,455

)

(2,623

)

Payments for value added taxes - net

 

 

(2,696

)

(210

)

Other cash receipts - net

 

 

474

 

575

 

Net cash provided by operating activities

 

 

47,231

 

43,669

 

CASH FLOWS FROM INVESTING ACTIVITIES

 

 

 

 

 

 

Redemption in time deposits and assets available-for-sale

 

 

2,159

 

-

 

Proceeds from sale of property and equipment

9

 

765

 

733

 

Proceeds from insurance claims

9

 

60

 

119

 

Dividends received from associated company

8

 

23

 

18

 

Acquisition of property and equipment

9,39

 

(26,787

)

(26,499

)

( Increase )decrease in advances for purchases of property and equipment

 

 

(1,338

)

(67

)

Acquisition of intangible assets

11,39

 

(1,098

)

(1,439

)

Placements in time deposits and assets available-for-sale

 

 

(983

)

(146

)

Acquisition of non-controlling interests in subsidiaries

1d

 

(138

)

-

 

Acquis i tion of business – net of acquired cash

1d

 

(137

)

(114

)

Acquisition of long-term investments

8

 

(43

)

(62

)

(Increase) Decrease in other assets

 

 

(40

)

36

 

Net cash used in investing activities

 

 

(27,557

)

(27,421

)

CASH FLOWS FROM FINANCING ACTIVITIES

 

 

 

 

 

 

Proceeds from loans and other borrowings

15,16

 

7,479

 

20,561

 

Treasury stock

20

 

3,259

 

68

 

Capital contribution of non-controlling interests in subsidiaries

 

 

183

 

5

 

Cash dividends paid to the Company’s stockholders

28

 

(11,213

)

(8,783

)

Repayments of loans and other borrowings

15,16

 

(10,555

)

(10,427

)

Cash dividends paid to non-controlling interests of subsidiaries

 

 

(7,058

)

(7,831

)

Net cash used in financing activities

 

 

(17,905

)

(6,407

)

NET INCREASE IN CASH AND CASH EQUIVALENTS

 

 

1,769

 

9,841

 

EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS

 

 

(119

)

604

 

CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR

3

 

28,117

 

17,672

 

CASH AND CASH EQUIVALENTS AT END OF YEAR

3

 

29,767

 

28,117

 

 

 

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