PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK

Foreign Filer Report • Mar 11, 2013

6-K 1 edgar_pressrelease2012result.htm PT TELEKOMUNIKASI INDONESIA, TBK edgar_pressrelease2012result.htm - Generated by SEC Publisher for SEC Filing

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 , 201 3

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)

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 __ X __ 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 __ X __

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 __ X __

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,TBK
		(Registrant)
Date	March 0 6 , 201 3	By /s/ Agus Murdiyatno
		(Signature)
		Agus Murdiyatno
		Vice President Investor Relation

INFORMATION TO INVESTOR

No . T EL . 37/ PR . 0 0 0 /C OP - A 0 0 70 0 0 0 /2 0 13

T E LKOM TODAY FILED ITS A UD I T E D CONSO L I D AT E D F I NANC I A L S T A TE M E N T FOR YEAR 2012

Ja k arta , March 6 , 2 013 – P e r us a h a a n P e r s e ro an ( P e r s e ro ) P T T ele k o m u n i k a s i I n do n e s ia T b k . ( " T elkom ") f i led its a u d ited co ns o li da t e d f i na n cial s t a t e m e n t f o r y e a r 2012 to Indonesian Financial Services Authority (“OJK”) (successor of BAPEPAM/ C ap it a l Ma r k e t S u per v i s o r y A g e n c y ) a n d t h e St oc k E x c h an g e s .

O u r re s u l t s i n g e n eral w ere s atis f a c t o r y , w i th c o ns o li d ated total re v e nu e u p to 8.3 % a g ai n s t t h e pr e v i ou s y ear. T h e telec o mm u n icati o n s por ti o n o f o u r T I MES business is still t h e d o m i n a n t r e v e n u e s o u r ce, b u t t h e c o n tri b u t i o n o f t h e o t h er IMES (I nf o r m ati o n , Me d ia, E d u ta i n m e n t and Services) bu s i n e ss e s is g r o w i n g i n l i n e w i t h e x p ecta t i o ns .

T el k o m sel r e m a i n ed a h ead o f t h e c o m p e titi o n . T el k o m s el le v era g ed i t s c o n t i n u ou s prod u ct i nn o v a ti o n , str o n g b r a n d po s iti o n i n g a n d an i m pro v ed n e t w or k i n to a 16.9 % g r o w t h in nu m b er o f c u st o m e r s o n t h e str e n g th o f i t s k e y c o m p e t iti v e a d v a n t a g e – t h e a b ili t y to d eli v er e n d - t o - e n d ser v ice.

Perfo r m a nce Highlight

· Cellular voice revenue increased by 7.5% in line with the increase in subscribers number to 125.1 million subscribers with positive net-add of 18.1 million subscribers in 2012 .

· O u r da t a , i n te r ne t a n d I T s e r vic e s grew by 15.5% and con t r i bu t e d 35.8 % to t o t a l r evenue s .

· W e expe r ie nce d s t r on g g r o w t h in ou r b r oadb a n d s e r vi ce with significant increase in t h e n u m be r o f s ub s c r i be rs of 82.8% to 19.1 million subscribers .

· Profit for the year attributable to owners of the parent increased by 17.2% to Rp12.9 trillion.

Total expenses increased by 4.4% to Rp51.4 trillion, which was mainly due to the increase of interconnection and personnel expenses as a result of Early Retirement Program.

C op i e s o f t h e T elkom ' s statement of financial position a n d statement of comprehensive income fo r t h e a u d ited f u ll y e a r 2012 are attac h ed to t h i s Information to Investor . For a co m p lete v e r s ion of all t h e docu m e n t s abo v e, plea s e v i s it ww w .te l k o m . co.id.

On January 1 , 2012, the Company and its subsidiaries adopted new and revised statements of financial accounting standards (“Pernyataan Standar Akuntansi Keuangan” or “PSAK”) that is mandatory for application from that date, including PSAK 60, “Financial Instruments: Disclosures”, ISAK 16, “Service Concession Agreements” and ISAK 25, “Landrights”.

A s um m a r y o f t h e statement of financial position , statement of comprehensive income a n d op erati o n al h i g h l i gh t s as f o ll o w s :

	F Y / 2011	F Y / 2012	% I n crea s e (decrea s e)
	(In B illi o n R p )
T o t a l A s s e ts	103 , 054	111, 369	8.1
T ot a l L i a biliti e s	42 , 07 3	44,391	5.5
Non-controlling Int e r e st	13, 471	15,437	14.6
Equity	47 , 510	51,541	8.5
R eve nu e	71,253	77,143	8.3
E x p e n se	49,295	51,44 5	4.4
Profit before Finance (cost)/income and Tax	21, 9 58	25,699	17.0
Profit for the year attributable to owners of the parent	10,965	12,850	17.2
EBI T D A	36 , 558	39,757	8.8
EBI T D A Mar g in ( % )	51 .3	51.5	0.2

T h e F inan c ia l St at e m e nt s a r e p r e p a r e d i n a c c or d i n g w it h G e n e r all y A cc e pt e d A cc o u n t i n g S t a n da r d s i n I nd o n e s i a.

We will provide a printed copy of our Consolidated Financial Statement for the year 2012 to any requesting shareholder free of charge. To request a copy or additional investor information, please email to investor@telkom.co.id.

	U n it	FY /2 0 11	FY /2 0 12	% I n c r ea se ( d e c re a se)
Broadband:
- Fixed Broadband/Speedy	Subs (000)	1,789	2,341	30.9
- Mobile Broadband/Flash	Subs (000)	5,532	11,039	99.5
- Blackberry	Subs (000)	3,153	5,764	82.8
Total Broadband	Subs (000)	10,474	19,144	82.8
C u st o m er Base Cell u lar:
- P o s t p a id ( k a r t u HA L O)	Sub s ( 0 0 0 )	2, 1 88	2,149	(1.8)
- P re p a id ( sim P A T I an d K a rtu As)	Sub s ( 0 0 0 )	104 , 829	122,997	17.3
T o t a l C u st o m e r B a se C e l l u l a r	S ub s ( 000)	107,017	125,146	16.9
L i n e i n S e r v i ce :
- W i r e line	Sub s ( 0 0 0 )	8, 602	8,946	4.0
- W ir e l ess	Sub s ( 0 0 0 )	14 , 238	17,870	25.5
T o t a l Fi x e d Li n e s	S ub s ( 000)	22 , 840	26,816	17.4
MO U C e llul a r	B illi o n m i nut e s	166.3	184.8	11.1
A R P U C e llul a r/ m onth	R p . ‘ 0 0 0	39	37	(5.1)

By the end of 2012, Telkomsel had 54,297 BTSs (including 15,433 3G Node-B units) on air and that was an increase of 27.4% from the same period last year. The addition during the year were 11,674 units new BTSs (including 5,924 3G Node-B units). This underlines our commitment to expand our 3G network through our 100 broadband cities program.

President Director of Telkom, Arief Yahya, stated that "All the good achievement is closely linked to Telkom's strategy by carrying out business transformation in response to changes of business environment that has been and will continue to take place in this globalization era. Currently, the trend of the telecommunications industry has increasingly shifted toward broadband services (data and internet) for both mobile broadband and fixed broadband, with the record growth in the mobile broadband 3G and WiFi accesses. On the market side, the development observed was the emergence of converged services (multi-play and multi-screen) for the consumer and enterprise mobility services in the customer or corporate business segment".

"We will focus on the areas of future growth. Strengthening broadband-based infrastructure to support services and products innovation towards Information, Media, Edutainment and Services ("IMES") businesses became our stronghold to open new sources of revenue for the Company. Our growth strategy is based on the principle of "striving for the foremost” and focus on areas of future growth. In 2012, this strategy is implemented by allocating company’s resources particularly for investment in human resources, grow mobile business and expand broadband penetration in Indonesia," stated Arief Yahya.

By /s/ A G U S M URDIYATNO

AGUS MURDIYATNO

Vice P r esi d e n t I nv e st o r Relat i o n s

Fo r f u r t he r i n f o r ma ti on , p l ea s e con t ac t:

Invest o r Rel a ti o ns

PT TELEK O MUN I K A SI I N DONE S I A, T b k

Te l: 62- 2 1-5 2 15 1 09

F ax : 62- 2 1-5 2 20 5 00

E m a il: invest o r @tel ko m . c o. id

We b s ite: w w w.tel ko m .c o . id

PT Tel e k o m u n i k a si I n d o n e si a , Tb k . ( “ TEL K OM ” ) i s th e l a r ge st t e l ec o m m uni ca tion s an d n e t w or k pro v id e r i n I n d o n e si a . S e r v ing m illion s o f c usto m e rs n a tion w id e , w e pro v i de a stron g port f oli o o f in f or m a tio n a n d c o m m uni ca tio n s e r v i c e s, in c l ud i n g f i xe d w i r e lin e a n d f i x e d w ir e l e s s t e l e phon e , m obil e ce llul a r, d a t a an d i nt e r n e t, a n d n e t w o rk a n d in t e r co nn ec ti o n s e r v i ce s, di r ec tl y o r th r o u g h ou r s ub s i d i a ri e s. W e h a v e b r o a d e n e d ou r bu s i n e ss po r t f ol i o t o e n c o m p a ss T I M E - te l ec o m m uni ca tion s, in f o r m a tion , me di a a n d e d u t a i n m e nt . T E L K OM ’s s h are s ar e list e d in t h e In d o n es i a n S t o c k E xc h a n g e (ID X : TL K M ) a nd its A m e ri c a n D e pository S ha r e s a re list e d in the N e w York S to c k E xc h a n g e ( NY SE:T L K) a n d L ondo n S t o c k E xc h a n g e ( L SE: T K I A)

D i s c l ai m e r

T hi s d o c u m e n t c on t a in s f i n a n c ia l c on d i ti o n s a n d r e s u l t s o f o p e r a tio n , a n d m a y c o nt a i n c e r ta i n p ro j e c t i o n s, p l an s , s t r a t e g i e s, a n d ob j e c t i v e s o f the

C o m p a n y, w hic h w o u l d b e t r e at e d a s fo r w a r d loo kin g s t at e m e nt s w it h i n t h e m e an i n g o f a p p l i c ab l e l a w .

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

AS OF DECEMBER 31, 2012 WITH COMPARATIVE FIGURES

AS OF DECEMBER 31, 2011 AND JANUARY 1, 2011

(Figures in tables are presented in billions of Rupiah, unless otherwise stated)

	Notes	December 31, — 2012	December 31, — 2011*)	January 1, — 2011*)
ASSETS
CURRENT ASSETS
Cash and cash equivalents	2c,2e,2u,3,37,44	13,118	9,634	9,120
Other current financial assets	2c,2e,2u,4,37,44	4,338	373	371
Trade receivables - net of provision for impairment of receivables	2g,2u,5,29,44	701	406	408
Related parties	2c,37
Third parties		4,522	4,509	3,936
Other receivables - net of provision for impairment of receivables	2g,2u,44	186	335	89
Inventories - net of provision for obsolescence	2h,6,16,20,29	579	758	515
Advances and prepaid expenses	2c,2i,7,37	3,721	3,294	3,441
Claims for tax refund	2t,31	436	371	133
Prepaid taxes	2t,31	372	787	716
Asset held for sale	2j,8	-	791	-
Total Current Assets		27,973	21,258	18,729
NON-CURRENT ASSETS
Long-term investments	2f,2u,9,44	275	235	254
Property and equipment - net of accumulated depreciation	2l,2m,10 , 16,19,20,39	77,047	74,89 7	75,832
Prepaid pension benefit costs	2s,34	1,032	99 1	744
Advances and other non-current assets	2c,2i,2l,2n,2u , 11,37,41,44	3,510	3,817	3,095
Intangible assets - net of accumulated amortization	2d,2k,2n,12	1,443	1,789	1,785
Deferred tax assets - net	2t,31	89	67	62
Total Non-current Assets		83,396	81,796	81,772
TOTAL ASSETS		111,369	103,05 4	100,501
*) Reclassified, refer to Note 48.

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (continued)

AS OF DECEMBER 31, 2012 WITH COMPARATIVE FIGURES

AS OF DECEMBER 31, 2011 AND JANUARY 1, 2011

(Figures in tables are presented in billions of Rupiah, unless otherwise stated)

	Notes	December 31, — 2012		December 31, — 2011*)		January 1, — 2011*)
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Trade payables	2o,2r,2u,13,44	432		427		754
Related parties	2c,37
Third parties		6,848		7,890		6,757
Other payables	2u,44	176		38		276
Taxes payables	2t,31	1,844		1,039		736
Accrued expenses	2c,2r,2u,14,27,34,37,44	6,163		4,790		3,409
Unearned income	2r,15	2,729		2,821		2,681
Advances from customers and suppliers	2c,37	257		271		500
Short-term bank loans	2c,2p,2u,16,37,44	37		10 0		56
Current maturities of long-term liabilities	2c,2m,2p,2u,17,37,44	5,621		4,81 3		5,304
Total Current Liabilities		24,107		22,189		20,473
NON-CURRENT LIABILITIES
Deferred tax liabilities - net	2t,31	3,059		3,794		4,074
Other liabilities	2r	334		242		312
Long service awards provisions	2s,35	347		287		242
Post-retirement health care benefits provisions	2c,2s,36,37	679		88 8		1,050
Retirement benefits obligation and other post retirement benefits	2c,2s,34,37	2,248		1,71 5		1,280
Long-term liabilities - net of current maturities	2u,17,44
Obligations under finance leases	2m,10	1,814		314		409
Two-step loans	2c,2p,18,37	1,791		2,012		2,741
Bonds and notes	2c,2p,19,37	3,229		3,401		3,249
Bank loans	2c,2p,20,37	6,783		7,231		10,256
Total Non-current Liabilities		20,284		19,884		23,613
TOTAL LIABILITIES		44,391		42,073		44,086
Capital stock - Rp250 par value per Series A	1c,22	5,040		5,040		5,040
Dwiwarna share and Series B share
Authorized - 1 Series A Dwiwarna share and 79,999,999,999 Series B shares
Issued and fully paid - 1 Series A Dwiwarna share and 20,159,999,279 Series B shares
Additional paid-in capital	2v,23	1,073		1,073		1,073
Treasury stock	2v,24	(8,067	)	(6,323	)	(4,264	)
Difference in value arising from restructuring
transactions and other transactions between
entities under common control	2d,25	478		478		478
Effect of change in equity of associated companies	2f	386		386		386
Unrealized holding gain from available-for-sale securities	2u	42		47		50
Translation adjustment	2f	271		240		233
Difference due to acquisition of non-controlling
interest in subsidiaries	1d,2d	(508	)	(485	)	(485	)
Other reserves	1d	49		-		-
Retained earnings	33	15,337		15,337		15,337
Appropriated
Unappropriated		37,440		31,717		26,571
Total Equity Attributable to Owners of the Parent
Company		51,541		47,510		44,419
Non-controlling interests	2b,21	15,437		13,471		11,996
TOTAL EQUITY		66,978		60,981		56,415
TOTAL LIABILITIES AND EQUITY		111,369		103,054		100,501

*) Reclassified, refer to Note 48.

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

YEAR ENDED DECEMBER 31, 2012 WITH

COMPARATIVE FIGURES FOR 2011

(Figures in tables are presented in billions of Rupiah, unless otherwise stated)

REVENUES	Notes — 2c,2r,26,37	2012 — 77,143		2011 — 71,253
Operations, maintenance and telecommunication services expenses	2c,2r,28,37	(16,803	)	(16,372	)
Depreciation and amortization expenses	2k,2l,2m,2r,10,11,12	(14,456	)	(14,863	)
Personnel expenses	2c,2r,2s,14,27,34,35, 36,37	(9,786	)	(8,555	)
Interconnection expenses	2c,2r,30,37	(4,667	)	(3,555	)
Marketing expenses	2r	(3,094	)	(3,278	)
General and administrative expenses	2c,2g,2h,2r,2t,5,6, 29,37	(3,036	)	(2,935	)
Loss on foreign exchange - net	2q	(189	)	(210	)
Other income	2r,10c	2,559		665
Other expenses	2r,10c	(1,973	)	(192	)
OPERATING PROFIT		25,698		21,958
Finance income	2c,37	596		546
Finance costs	2c,2r,37	(2,055	)	(1,637	)
Share of loss of associated companies	2f,9	(11	)	(10	)
PROFIT BEFORE INCOME TAX		24,228		20,857
INCOME TAX (EXPENSE) BENEFIT	2t,31
Current		(6,628	)	(5,673	)
Deferred		762		286
		(5,866	)	(5,387	)
PROFIT FOR THE YEAR		18,362		15,470
OTHER COMPREHENSIVE INCOME (EXPENSES)
Foreign currency translation	1d,2b,2f	31		7
Change in fair value of available-for-sale financial assets	2u	(5	)	4
Total Other Comprehensive Income - net		26		11
TOTAL COMPREHENSIVE INCOME FOR THE YEAR		18,388		15,481
Profit for the year attributable to:
Owners of the parent company	2b,21	12,850		10,965
Non-controlling interests		5,512		4,505
		18,362		15,470
Total comprehensive income for the year attributable to:
Owners of the parent company		12,876		10,976
Non-controlling interests	2b,21	5,512		4,505
		18,388		15,481
BASIC AND DILUTED EARNINGS PER SHARE (in full amount)	2x,32
Net income per share		669.19		559.67
Net income per ADS (40 Series B shares per ADS)		26,767.60		22,386.80

*) Reclassified, refer to Note 48.

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

YEAR ENDED DECEMBER 31, 2012 WITH COMPARATIVE FIGURES FOR 2011

(Figures in tables are presented in billions of Rupiah, unless otherwise stated)

	Notes	2012		2011
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts from:
Customers		71,910		67,519
Other operators		3,993		3,586
Total cash receipts from revenues		75,903		71,105
Interest income received		585		549
Cash payments for expenses		(33,651	)	(25,416	)
Cash payments to employees		(8,162	)	(8,509	)
Payments for income taxes		(5,586	)	(5,359	)
Payments for interest costs		(1,111	)	(1,591	)
Cash refunds to customers		(37	)	(226	)
Net cash provided by operating activities		27,941		30,553
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from insurance claims	10	1,875		13
Proceeds from sale of property and equipment	10	360		56
Proceeds from sale of available-for-sale financial assets and dividends received		53		59
Acquisition of property and equipment	10	(8,221	)	(13,197	)
Placement in time deposits and purchases of available-for-sale financial assets	4	(4,008	)	(33	)
Increase in advances for purchases of property and equipment	11	(487	)	(834	)
Acquisition of intangible assets	12	(437	)	(603	)
Acquisition of data center business	1d	(230	)	-
(Increase) decrease in advances and other non-current assets	11	(134	)	34
Acquisition of long-term investments	9	(49	)	-
Acquisition of non-controlling interest in subsidiaries	1d	(33	)	-
Net cash used in investing activities		(11,311	)	(14,505	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from bank loans	20	3,936		2,694
Proceeds from short-term bank loans	16	590		316
Proceeds from promissory notes	19	351		559
Capital contribution of non-controlling interest in subsidiaries	1d	120		-
Proceeds from medium-term notes	19	10		20
Cash dividends paid to the Company’s stockholders	33	(7,127	)	(6,069	)
Repayment of two-step loans and bank loans	18,20	(4,259	)	(7,334	)
Cash dividends paid to non-controlling interests of subsidiaries		(3,607	)	(3,033	)
Payments for treasury stock	24	(1,744	)	(2,059	)
Repayments of short-term bank loans	16	(654	)	(272	)
Repayments of obligation under finance leases	10	(418	)	(176	)
Repayments of promissory notes	19	(403	)	(171	)
Repayments of medium-term notes	19	(109	)	(14	)
Net cash used in financing activities		(13,314	)	(15,539	)
NET INCREASE IN CASH AND CASH EQUIVALENTS		3,316		509
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		168		5
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	3	9,634		9,120
CASH AND CASH EQUIVALENTS AT END OF YEAR	3	13,118		9,634