PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK

Foreign Filer Report • Aug 1, 2006

6-K 1 u92814e6vk.htm PT TELEKOMUNIKASI INDONESIA PT Telekomunikasi Indonesia PAGEBREAK

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13 a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July , 20 06

Perusahaan Perseroan (Persero) PT TELEKOMUNIKASI INDONESIA

(Translation of registrant’s name into English)

Jalan Japati No. 1 Bandung-40133 INDONESIA

(Address of principal executive office)

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

[Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934 Yes o No þ

[If “yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

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SIGNATURES

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SIGNATURES

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

	Perusahaan Perseroan (Persero)
	PT TELEKOMUNIKASI INDONESIA
	(Registrant)
Date July 31, 2006	By	/s/ Harsya Denny Suryo
		(Signature)
		Harsya Denny Suryo Vice President Investor Relation & Corporate Secretary

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PRESS RELEASE

No. TEL. /PR000/COM-10/2006

TELKOM FILED ITS FIRST HALF UNAUDITED

CONSOLIDATED FINANCIAL STATEMENTS 2006

Jakarta, July 31, 2006 — Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk. (“TELKOM” or the “Company”) filed its un-audited consolidated first half 2006 financial Statements to BAPEPAM (Capital Market Supervisory Agency) and the Stock Exchanges.

Complete Copies of both balance sheets and income statements are attached to this Press Release. For complete version, pleaser visit www.telkom-indonesia.com

TELKOM is the principal provider of fixed-line services in Indonesia. TELKOM’s majority-owned subsidiary Telkomsel is also the largest Indonesian mobile cellular operator, as measured by subscribers and revenues. The Company also provides a wide range of other telecommunication services including interconnection, network, data and internet services, and other telecommunications services. TELKOM’s shares are listed in the Jakarta and Surabaya Stock Exchange (JSX/SSX: TLKM) and its American Depository Shares are listed in the New York Stock Exchange (NYSE:TLK) and London Stock Exchange (LSE:TKIA)

HARSYA DENNY SURYO Vice President Investor Relations & Corporate Secretary

For further information, please contact:

Investor Relations Unit PT TELEKOMUNIKASI INDONESIA, Tbk Tel: 62-21-5215109 Fax: 61-21-5220500 Email: investor@telkom.co.id Website: www.telkom-indonesia.com

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PERUSAHAAN PERSEROAN (PERSERO) PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS (UNAUDITED) AS OF JUNE 30, 2005 AND 2006 (Figures in table are presented in millions of Rupiah and thousands of United States Dollars)

	Notes	2005 — Rp	2006 — Rp	US$ (Note 3)
		(As restated)
ASSETS
CURRENT ASSETS
Cash and cash equivalents	2c,2f,6,46	6,009,872	9,346,253	1,008,824
Temporary investments	2c,2g,46	100,418	42,877	4,628
Trade accounts receivable	2c,2h,7,46
Related parties — net of allowance for
doubtful accounts of Rp115,673 million
in 2005 and Rp112,975 million in 2006		462,403	621,521	67,086
Third parties — net of allowance for
doubtful accounts of Rp543,659 million
in 2005 and Rp652,856 million in 2006		2,963,365	3,067,309	331,082
Other accounts receivable — net of allowance for
doubtful accounts of Rp12,493 million in 2005
and Rp3,944 million in 2006	2c,2h,46	69,033	177,422	19,151
Inventories — net of allowance for obsolescence of
Rp48,638 million in 2005 and Rp49,602 million in 2006	2i,8	139,680	178,441	19,261
Prepaid expenses	2c,2j,9,46	998,558	1,238,811	133,716
Prepaid taxes	40a	1,574	55,830	6,026
Other current assets	2c,10,46	45,808	155,018	16,733
Total Current Assets		10,790,711	14,883,482	1,606,507
NON-CURRENT ASSETS
Long-term investments — net	2g,11	91,062	98,126	10,592
Property, plant and equipment — net of accumulated
depreciation of Rp32,361,721 million in 2005
and Rp40,519,257 million in 2006	2k,12	40,989,777	47,066,592	5,080,316
Property, plant and equipment under revenue-sharing arrangements — net of accumulated
depreciation of Rp467,230 million in 2005
and Rp500,845 million in 2006	2m,13,49	440,456	512,838	55,355
Property, plant and equipment under capital lease
— net of accumulated depreciation of Rp108,280
million in 2006	2l,12	—	155,716	16,808
Prepaid pension benefit cost	43	1,362	460	50
Advances and other non-current assets	2c,14,46	1,133,373	476,626	51,446
Goodwill and other intangible assets — net of
accumulated amortization of Rp2,305,110 million in 2005
and Rp3,239,653 million in 2006	1c,2d,15	4,952,349	4,453,806	480,739
Escrow accounts	16	84,237	9,799	1,058
Total Non-current Assets		47,692,616	52,773,963	5,696,364
TOTAL ASSETS		58,483,327	67,657,445	7,302,871

See accompanying notes to consolidated financial statements, which form an integral part of

the consolidated financial statements.

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PERUSAHAAN PERSEROAN (PERSERO) PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (continued) AS OF JUNE 30, 2005 AND 2006 (Figures in table are presented in millions of Rupiah and thousands of United States Dollars)

	Notes	2005 — Rp	2006 — Rp	US$ (Note 3)
		(As restated)
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Trade accounts payable	2c,17,46
Related parties		707,462	757,987		81,816
Third parties		3,121,744	3,758,545		405,693
Other accounts payable		26,578	23,488		2,535
Taxes payable	2s,40b	1,433,424	1,986,462		214,417
Dividends payable		3,529,047	6,459,063		697,184
Accrued expenses	2c,18,46	1,286,390	2,092,779		225,892
Unearned income	19	1,210,464	1,902,520		205,356
Advances from customers and suppliers		281,147	271,031		29,255
Short-term bank loans	2c,20,46	791,738	17,100		1,846
Current maturities of long-term liabilities	2c,21,46	2,142,747	2,494,710		269,276
Total Current Liabilities		14,530,741	19,763,685		2,133,270
NON-CURRENT LIABILITIES
Deferred tax liabilities — net	2s,40e	2,711,005	2,228,391		240,530
Unearned income on revenue-sharing arrangements	2m,13,49	321,661	369,433		39,876
Unearned initial investor payments under joint operation scheme	2n,48	19,506	4,717		509
Provision for long service award	2c,2r,44,46	481,721	575,541		62,124
Provision for post-retirement health care benefits	2c,2r,45,46	2,947,126	2,928,934		316,146
Accrued pension and other post-retirement benefits costs	2r,43	1,400,080	1,229,987		132,763
Long-term liabilities — net of current maturities
Obligation under capital lease		—	225,921		24,386
Two-step loans — related party	2c,22,46	5,081,358	4,348,922		469,418
Notes and bonds	23	1,598,827	994,494		107,345
Bank loans	2c,24,46	1,826,436	1,905,074		205,632
Liabilities of business acquisitions	25	3,484,116	2,642,069		285,182
Total Non-current Liabilities		19,871,836	17,453,483		1,883,911
MINORITY INTEREST	26	5,128,664	6,140,456		662,794
STOCKHOLDERS’ EQUITY
Capital stock — Rp250 par value per Series A
Dwiwarna share and Series B share
Authorized — one Series A Dwiwarna share and
79,999,999,999 Series B shares
Issued and fully paid — one Series A Dwiwarna share
and 20,159,999,279 Series B shares	1b,27	5,040,000	5,040,000		544,012
Additional paid-in capital	28	1,073,333	1,073,333		115,854
Less: cost of treasury stock (55,443,500 shares)	29	—	(413,740	)	(44,659	)
Difference in value of restructuring transactions
between entities under common control	30	—	90,000		9,715
Difference due to change of equity in associated
companies		385,595	385,595		41,621
Unrealized holding gain available-for-sale securities	2g	2,383	1,597		172
Translation adjustment	2g	231,252	233,198		25,171
Retained earnings
Appropriated		1,803,397	1,803,397		194,657
Unappropriated		10,416,126	16,086,441		1,736,353
Total Stockholders’ Equity		18,952,086	24,299,821		2,622,896
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		58,483,327	67,657,445		7,302,871

See accompanying notes to consolidated financial statements, which form an integral part of

the consolidated financial statements.

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PERUSAHAAN PERSEROAN (PERSERO) PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) FOR THE SIX MONTHS PERIOD ENDED JUNE 30, 2005 AND 2006 (Figures in table are presented in millions of Rupiah and thousands of United States Dollars, except per share and per ADS data)

	Notes	2005 — Rp	Rp		US$ (Note 3)
		(As restated)
OPERATING REVENUES
Telephone	2q,31
Fixed lines		5,473,578		5,337,166		576,088
Cellular		6,408,876		9,442,926		1,019,259
Interconnection	2q,32,46	3,632,302		4,116,689		444,351
Joint operation schemes	2n,33,48	316,188		302,789		32,683
Data and Internet	34	3,060,411		4,095,813		442,098
Network	35	194,046		295,059		31,848
Revenue-sharing arrangements	2m,36,49	101,182		203,518		21,967
Other telecommunications services		198,007		202,585		21,867
Total Operating Revenues		19,384,590		23,996,545		2,590,161
OPERATING EXPENSES
Personnel	37	3,523,483		3,497,333		377,498
Depreciation	2k,2l,2m,12,13	3,303,568		4,306,831		464,875
Operations, maintenance and
telecommunication services	38	2,795,867		3,376,910		364,500
General and administrative	39	1,223,321		1,496,738		161,556
Marketing		449,239		507,013		54,727
Total Operating Expenses		11,295,478		13,184,825		1,423,156
OPERATING INCOME		8,089,112		10,811,720		1,167,005
OTHER INCOME (CHARGES)
Interest income		136,178		325,992		35,187
Interest expense		(647,594	)	(585,803	)	(63,231	)
Gain (loss) on foreign exchange — net	2e	(357,003	)	586,597		63,317
Equity in net income (loss) of
associated companies	2g,11	6,792		(3,218	)	(347	)
Others — net		265,947		52,119		5,626
Other income (charges) — net		(595,680	)	375,687		40,552
INCOME BEFORE TAX		7,493,432		11,187,407		1,207,557
TAX EXPENSE	2s,40c
Current tax		(2,545,814	)	(3,636,860	)	(392,559	)
Deferred tax		216,485		166,084		17,927
		(2,329,329	)	(3,470,776	)	(374,632	)
INCOME BEFORE MINORITY INTEREST IN NET INCOME OF SUBSIDIARIES		5,164,103		7,716,631		832,925
MINORITY INTEREST IN NET INCOME OF SUBSIDIARIES	26	(1,360,692	)	(1,897,671	)	(204,833	)
NET INCOME		3,803,411		5,818,960		628,092
BASIC EARNINGS PER SHARE	2t,41
Net income per share		188.66		288.71		31.16
Net income per ADS
(40 Series B shares per ADS)		7,546.45		11,548.30		1,246.51

See accompanying notes to consolidated financial statements, which form an integral part of

the consolidated financial statements.

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