PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK

Foreign Filer Report • Mar 6, 2017

6-K 1 shortformfy2016.htm PT TELKOM INDONESIA (PERSERO) TBK shortformfy2016.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 , 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)

REVENUES	Notes — 2c,2r,22,31	2016 — 116,333		2015 — 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