pkbl telkom 2010
TRANSCRIPT
1
Annual Report PKBL 2010 PT Telkomunikasi Indonesia Tbk
Together Building the Future
2
REPORT FORM THE PRESIDENT DIRECTOR PT Telekomunikasi Indonesia, Tbk., (TELKOM) is a state-owned enterprise which holds commitment to execute our Good Corporate Citizenship role by partnering with small medium enterprises (SME) through our Partnership Program, and through our Community Development Program. The Partnership Programs with small medium enterprises is aimed at driving economic activity and growth, create job opportunities and business opportunity for communities. Meanwhile, our main objective of the Community Development Program is to empower and improve socio-economic condition in the communities within the area of the Company’s business activity. Through these Partnership and Community Development Program, we hope to increase the Company’s image and reputation within the surrounding community which shall further provide positive contribution to TELKOM’s business development. As of January 1, 2010 until December 31, 2010, TELKOM’s Partnership Program has channeled assistance to 9,918 Foster Partners throughout Indonesia with total distribution fund of Rp283.8 billion to the industrial, commerce, animal husbandry, fishery, agriculture, plantation and other sectors. In addition to providing loan, we also provide assistance to our Foster Partners through trainings, management trainee and promotions. In 2010, our Community Development Program distributed Rp.27.4 billion for relief finds such as help victims of natural disasters, help education and or training assistance, health improvement assistance, development of infrastructure and public facilities, worship facilities improvement, and environmental conservation. As part of our corporate governance and accountability in managing the Partnership and Community Development Program, our 2010 Annual Report of Partnership & Community Development Program has been audited by the Office of Public Accountant Abdi Ichjar, BAP & Partners as per its report No.019/LAI/KAP-AR/11 with the opinion “we have audited the financial statement of the Partnership and Community Development Program for the year December 31 2010 and 2009, that are prepared based on the Minister of State-Owned Enterprise regulation as the comprehensive accounting basis in addition the Indonesian Accounting Standard Principles, and expressed an “unqualified opinion” to this financial statement ”. As a closing remark, I would like to ensure that we are determine to always enhance our contribution to our environment and society.
Wassalamualaikum wr. Wb. Rinaldi Firmansyah President Director
3
TELKOM IN BRIEF PT Telekomunikasi Indonesia, Tbk. is an SOE that operates the largest telecommunication network and service provider in Indonesia. TELKOM provides InfoComm services, fixed wireline and fixed wireless telephone, mobile cellular, data and internet, and network and interconnection services, directly and indirectly though our affiliates. In response to the mounting challenges in the domestic and global telecommunications industry, we have undertaken a fundamental and comprehensive transformation of our entire business, including our portfolio, infrastructure and systems, organization and human resources, and our culture. This transformation is part of our initiative to reduce our dependence on our legacy telecommunications portfolio of fixed line telephony, mobile telephony and multimedia, and encompass a broader portfolio of telecommunications, information, media and edutainment (TIME). With our commitment to ongoing innovation, we are now positioned as a strongly competitive new wave company. We believe our commitment to endorse mobility and connectivity without limit shall increase the confidence form our retail and corporate customers who demanded quality, speed and reliability to all products and services that we offer.
4
VISION, MISSION AND OBJECTIVE Vision To become a leading Telecommunication, Information, Media and Edutainment (TIME) in the region. Mission − To provide high quality TIME services at a competitive price. − To be one of the best-managed Indonesian corporation.
Objective To create superior position by strengthening our legacy business and growing the new wave businesses so that they are achieving 60% of the industry revenue by 2015. Organizational Structure In line with our vision, mission and strategic initiatives, and as part of our transformation into a broader TIME provider, we reorganized a number of our units, particularly our fixed line business. These organizational changes focused on the following management issues: 1. Modifying customer management arrangements, by:
a. Developing customer segment management by establishing the Business Service Division to respond to developments in the SME market segment.
b. Making customer segment management more focused by establishing the Consumer Service Division, which focuses on enhancing growth in business from fixed wireline customers by capturing opportunities in the convergence of the broadband business and other new services based on high bandwidth access. This Consumer Service Division has evolved out of the Regional Divisions.
2. Modifying service management arrangements, by: a. Forming a service/product supply unit by transforming the Multimedia Division from a business
unit focusing on managing Telkom’s new business to an organizational unit that performs service integrator, content aggregator and platform management functions.
b. Integrating the service planning and strategy and tariff management functions into the IT strategy management unit, by transferring service planning and tariff management from the Network and Solution Directorate to the IT and Supply Directorate, which is now known as the IT, Solution and Supply Directorate.
3. Modifying infrastructure management arrangements, by: Fully implementing the transfer of network access management from the Regional Divisions to the Network Access Division (the Regional Division has already been replaced by the Consumer Service Division and the Network Access Division).
4. Alignment of the support functions related to organizational change in the Regional Divisions and the formation of other organization units, including (implemented in 2010) changes in the organization of the Finance Directorate and Financial Center. These changes represent the organizational alignment of financial management activities with changes in the business units they support. The Finance Center has now become the Finance, Billing and Collection Center.
5
.
A
6
TELKOM’S PARTNERSHIP AND COMMUNITY DEVELOPMENT PROG RAM MANAGEMENT IN BRIEF
TELKOM’s Partnership and Community Development Program Management The Partnership and Community Development Program is our implementation of Regulation of the Minister of SOEs Number: PER-05/MBU/2007 dated April 27, 2007 regarding Partnership Programs between SOEs and Small Enterprises and Community Development Programs. Under Section II Article 2 paragraph (2) which states that: “Public companies may implement The Partnership and Community Development Program by referring to this regulation and ratified by the shareholders meeting.” The Partnership and Community Development Program in PT Telekomunikasi Indonesia Tbk., is managed by a unit named Community Development Center (“CDC”). Vision, Mission of TELKOM’s Partnership and Community Development Program Vision: To become the best company in the world in developing communities in support of business sustainability and company reputation. Mission:
1. To build and empower community access inline with the business of Telecommunication, Information, Media and Edutainment (TIME);
2. To build and empower community content inline with the business of Telecommunication, Information, Media and Edutainment (TIME); and
3. To build and empower social community, economy and environment. Regulation of Partnership and Community Development Program The Government issues regulations to protect and minimize negative impact of corporate operations, by endorsing Good Corporate Citizenship for corporate entities.
a. Law No.19 Year 2003 dated June 19, 2003 regarding State-owned Enterprise relating to Net Income Disbursement for Small-medium Enterprise/Co-operations and Community Development;
b. Minster of state-owned Enterprise Decree No.SE-05/MBU/2007 dated April 27 2007 regarding State-owned Enterprise Partnership Program with Small-medium Enterprise and Community Development Program;
c. Minster of state-owned Enterprise Decree No.SE-07/MBU/2008 regarding Implementation of Partnership and Community Development Program and implementation of Article 74 Law No.40 year 2007 dated May 5 2008 regarding Limited Liability Company;
d. Minster of state-owned Enterprise Circular No.SE-21/MBU/2008 dated December 24 2008 regarding Implementation of Partnership and Community Development Program and Corporate Social Responsibility for State-owned Enterprise; and
e. Minster of state-owned Enterprise Circular No.SE-14/MBU/2008 dated June 30 2008 regarding Fund Optimalization for Partnership Program through Distribution Co-operation.
TELKOM Internal Regulation TELKOM c.q Community Development Center is obliged to maintain and enhance Company reputation by issuing the following decrees:
a. Director Decree No.12/PS150/COP-B0030000/2008 dated February 5, 2008 regarding Central Organization managing Partnership Program and Community Development Program (CDC);
b. Director Decree No.18/PS180/COP-B0030000/2009 dated June 12, 2009 regarding Additional work, Authority and Responsibility Central Organization managing Partnership Program and Community Development Program (CDC) in relation to Corporate Social responsibility;
c. SGM CDC Letter Decree No.10/PS160/CDC-A1010000/2010 dated January 21, 2008 regarding Remediation for the Risk Management Implementation for Managing of the Partnership Program and Community Development Program;
d. Director Decree No.21/PR000/COP-B0030000/2010 dated April 19, 2010 regarding Managing Partnership Program and Community Development Program (CDC);
7
Organization Management of Partnership and Community Development Program TELKOM’s Community Development Center (CDC), formed based on Director Decree No.12/PS150/COP-B0030000/2008, is a business unit responsible for the implementation of the Partnership Program with small/medium enterprise and Community Development Program in TELKOM, with organizational structure as follows:
Community Development Center Organizational Structure
Senior Management of Partnership and Community Development Program
Gatot Rustamadji
Senior General Manager CDC
Harry Suranto
Senior Manager Planning and Controlling
Asep Hermawan/
Senior Manager Community Development
Harmon Yero
Senior Manager Partnership
Irwan Hendrawan
Senior Manager Finance
Suteki
Manager Community Development Area I - Sumatera
Asep Sunarya/ Manager Community
Development Area II – Jakarta & Banten
Dhofir Sunhaji/ Manager Community
Development Area III – West Java & Banten
Agus Suhartanto/Manager Community Development
Area IV – Central Java & DIY
Nur Endah Rini/ Manager Community
Development Area V – East Java
Budiman/ Manager Community Development
Area VI – Kalimantan
Syarifuddin/ Manager Community Development Area
VII – Eastern part of Indonesia
Partnership and Community Development Program Main Activity The main activity of the Partnership and Community Development Program is as follows:
a. Partnership Program: Program to enhance small/medium enterprise to be self reliance through the use of fund from State-owned enterprises net income; and
b. Community Development Program: Program to empower community socio-economic nu state-owned enterprise through the use of fund from State-owned enterprises net income.
8
Based on the Regulation of the Minister of SOEs Number: PER-05/MBU/2007 dated April 27, 2007 regarding Partnership Programs between SOEs and Small Enterprises and Community Development Programs, the source of fund for TELKOM’s Partnership and Community Development Program as as follows:
a. Source of Fund for Partnership Program - Maximum 2% of net profit - Loan administration service, deposit interest, and or from Partnership Program Fund; and - Partnership Program fund from other state-owned enterprise, if any.
b. Source of Fund for Community Development Program - Maximum 2% of net profit - Loan administration service, deposit interest, and or from Community Development
Program Fund; and - Partnership Program fund from other state-owned enterprise, if any.
Area of Operation TELKOM Partnership and Community Development Program
Location No Datel/Optel Headquarter Office 1 CDC Office Bandung
2 CD Area-I Office 3 Aceh 4 North Sumatra 5 Medan 6 West Sumatra 7 Riau Mainland 8 Riau Island 9 South Sumatra
CD Area-I
10 Lampung 11 CD Area-II Office 12 Central Jakarta 13 West Jakarta 14 East Jakarta 15 North Jakarta 16 South Jakarta 17 Tangerang 18 Bogor
CD Area-II
19 Bekasi 20 CD Area-III Office 21 Bandung 22 Subang 23 Cirebon 24 Tasikmalaya 25 Cianjur 26 Rangkasbitung 27 Garut
CD Area-III
28 Sukabumi 29 CD Area-IV Office 30 Semarang 31 Pekalongan 32 Purwokerto 33 Yogyakarta
CD Area-IV
34 Solo
Location No Datel/Optel 35 CD Area-V Office 36 West Surabaya 37 East Surabaya 38 Malang 39 Madiun
CD Area-V
40 Jember 41 CD Area-VI Office 42 Balikpapan 43 Samarinda 44 Pontianak 45 Palangkaraya 46 Banjarmasin
CD Area-VI
47 Tarakan 48 CD Area-VI Office 49 Makassar 50 Kendari 51 Palu 52 Pare-Pare 53 Luwuk 54 Poso 55 Manado 56 Gorontalo 57 Denpasar 58 Mataram 59 Kupang 60 Ambon 61 Ternate 62 Tual 63 Sorong 64 Papua 65 Fak-fak 66 Merauke 67 Manokwari
CD Area-VII
68 Biak
9
AWARDS 2010
TELKOM received GKPM Award 2010 On October 21-24, Ministry of Social Welfare held GKPM Ward and Expo participated by 8 ministry, 22 regional government, 16 state-owned enterprises and private entity, as well as 48 small/medium business enterprise opened by Coordinating Minister of Social Welfare Agung Laksono. In his speech, he stated that the Government highly praised business sector that cares and empower society through its CSR program. During the event, he awarded the winners from the national and multinational entities tat participated in building Millenium Development Goal, among others PT Bakrie Sumatra Plantation, PT Arutmin Indoensia, PT Freeport, PT Telkom Indonesia, PT Indonesian Power, PT Astra Internasional and other companies. TELKOM rewarded Best of the Best Anugerah BUMN 2010 The Ministry of State-owned Enterprise, State-owned Enterprise Public Relation Forum and BUMN Track Magazine presented an award to PT Telekomunikasi Indonesia, Tbk for the category of Best Key Performance Indicator, Best Synergy, Best Human resource Management, and second place for Good Corporate Governance, third place for Pension Fund during Anugrah BUMN 2010. TELKOM overall also awarded as the Best of the Best Anugerah BUMN 2010. TELKOM received Best CSR in the Micro Economic Sector On December 3, 2010, On December 3, 2010 we received awards in the Best CSR for Indonesia, CSR for Education and CSR for People’s Economies categories at the CSR for Indonesia Awards 2010. The awards were presented to SGM CDC, Gatot Rustamadji, by Dedi (Mi’ing) Gumilar, a member of Parliamentary Commission X. The event at Jakarta’s Four Seasons Hotel was also attended by Minister of Industry MS Hidayat and Telkom’s Director of HCGA Faisal Syam TELKOM received ISRA Award 2010 and INA Corporate Sustainability Awards 1010 ISRA is an awards presented to companies that disclosed sustainability report, issued separately or integrated with its annual report. This annual event was held in cooperation with the National Center for Sustainability Reporting and Indonesian Netherlands Association. PT Telekomunikasi Indonesia, Tbk received the 6th Indonesian Sustainability Reporting Award and 2nd INA Corporate Sustainability Award for the year 2010 presented by the NSR Chairman, Sarwono Kusumaatmadja, to the Director of Human Capital and General Affair Faisal Syam in Jakarta. TELKOM received ISRA ward for the category in finance, infrastructure, utilities, transportation, trade, services and investment. TELKOM received award for commitment in developing Cooperation TELKOM received an award from the Head of Region Sragen for its commitment in creating partnership with cooperations in the Sragen area. The ward was presented by the Sragen Head of Regional, H. Untung Wiyono, on July 6 in commemoration of the 67th Anniversary of the Cooperation Day in the Sragen Secretariat Regional Office. The theme for this year’s commemoration of the Cooperation Day is “The Advancement of Cooperation to Enhance Competitiveness as the Driver of the National Economy in facing the Free Trade Era.”
10
CORPORATE GOVERNANCE
TELKOM PARTNERSHIP AND COMMUNITY DEVELOPMENT PROGRA M Corporate Governance Partnership and Community Development Program TELKOM is required to comply with Bapepam-LK regulation as well as the United States Securities and Exchange Commission. A part of the Company’s corporate governance obligation, TELKOM applied corporate governance policy in accordance with international capital market standard practice. General Meeting of Shareholders (“GMS”) General Meeting of Shareholders (GMS), constitute our highest governance body and is the primary forums through which shareholders exercise their rights and authority over the management of the Company. At the GMS, shareholders use their rights to determine the amount of the Company’s net profit for Partnership and Community Development Fund, ratify the Partnership and Community Development Annual Report as well as giving a full acquittal and discharge (volledig acquit et decharge) to all members of the Board of Directors and Board of Commissioners for their management and supervision and for their management and supervision of Partnership and Community Development Program performed during the Financial Year and appoint the Public Accounting Firm for the Partnership and Community Development Program Board of Commissioners Subject to the Company’s Article of Association, the Board of Commissioners main responsibility is to supervise the BoD’s policy in applying business plan and operational as well as management of the Company, and provide advice to the BoD. In performing it supervisory duties, the BoC are responsible to the shareholders, Audit Committee The Audit Committee operates under the authority of the Audit Committee Charter (as amended by BoC Decree No. 20 KEP/DK/2006 on September 11, 2006). The Audit Committee Charter is regularly evaluated and, if necessary, amended to ensure compliance with Bapepam-LK and SEC requirements and other relevant regulations. During 2010, there were no amendments. The Audit Committee Charter outlines this Committee’s purpose, function and responsibilities. It provides that the Audit Committee is responsible for: − Overseeing our financial reporting process on behalf of the BoC; − Providing recommendations to the BoC regarding the selection of our external auditor, subject to
shareholder approval; − Discussing with our internal and external auditors on the overall scope and plans of their respective
audits; − Meeting on a regular basis with our internal and external auditors, without management, to discuss
the results of their examinations, their evaluation of our internal controls and the overall quality of our financial reporting and
− Carrying out additional tasks that are assigned by the BOC, especially on financial and accounting-related matters.
General Audit Partnership and Community Development Program Prior to PKBL General Audit, the External Auditor is required to submit an audit planning to the Audit Committee as work provider. Audit Planning are documents that contain schedules, timeframe, scope, methodology, location and personnel in the audit work in CDC as the auditee. The scope for the standard audit by the External Auditor must contribute an opinion to the financial statement fairness, compliance to the applicable regulation and assistance for CDC PKBL PT Telekomunikasi Indonesia, Tbk. The PKBL General Audit Report is intended to provide information for the Audit Committee, Management and Board of commissioners. However, if the report is made public, therefore the distribution is not restricted..
11
Directors The Directors is responsible to lead and manage the Company under the supervisory of the Board of Commissioners. In managing the Partnership and Community Development Program, the Board of Directors are required to submit a Partnership and Community Development activity report to the Minister/shareholders cc to Board of Commissioners, submit an RKA Partnership and Community Development Minister/shareholders cc to Board of Commissioners, maximum 60 days before the annual budget. Community Development Center Law No.19 Year 2003 dated June 19, 2003 regarding State-owned Enterprise relating to Net Income Disbursement for Small-medium Enterprise/Co-operations and Community Development, and Minster of state-owned Enterprise Decree No.SE-05/MBU/2007 dated April 27 2007 regarding State-owned Enterprise Partnership Program with Small-medium Enterprise and Community Development Program, granted authority to TELKOM in implementing its Partnership and Community Development Program. To realized the authority granted by Government in implementing the Partnership and Community Development Program, TELKOM established Community Development Center unit, through Director Decree No.61/PS150/CTG-10/2003 regarding Organization CDC, and most recently amended by Director Decree No.12/PS150/COP-B0030000/2008 dated February 5, 2008 regarding Central Organization managing Partnership Program and Community Development Program (CDC); Business Plan Community Development Center CDC Business Plan is 5 year long term plan. The formulation of the Business Plan refers to companys policy as stated in the Corporate Strategic Scenario (CSS) under the “Good Corporate Citizenship” and Director Decree No.KD.74/BL100/CA-20/2006 dated December 18 2006 regarding Corporate Planning System. RKA Partnership and Community Development Program In accordance to The Minister if State-owned Enterprise Decree No.Per.05/MBU/2007 dated April 27, 2007, TELKOM as a corporation implementing Partnership and Community Development Program is annually required to prepare an Annual Budget Planning for the Partnership and Community Development Program planned activities consisting of: estimated collection, annual assistance plan for Partnership and Community Development Program. The management of the Annual Budget Plan for CDC’s TELKOM Partnership and Community Development Program is expected to efficiently perform its role in creating the Company’s mission as a Good Corporate Citizenship prudently and responsibly in accordance with regulation. Risk Management I Managing Partnership and Community Development Program The Director Decree No.KD.16/PW000/PRO-IIC/2006 dated February 3, 2006 regarding Company Risk Management, as a manual for good corporate governance to assure management is acting the best interest of the shareholders. In referring to the Partnership and Community Development Program, TELKOM through SGM CDC issued a SGM CDC Letter Decree No.10/PS160/CDC-A1010000/2010 dated January 21, 2008 regarding Remediation for the Risk Management Implementation for Managing of the Partnership Program and Community Development Program
12
Management Information System Partnership and Community Development Program TELKOM have established and developed Partnership and Community Development Program Information System (SIM PKBL), a system that enable to provide real-time information on the management of the Partnership and Community Development Program in TELKOM for the user, which shall increase the speed and accuracy of the management report, planning and controlling based on accurate and comprehensive information. Currently, TELKOM’s SIM PKBL is the best information system owned by all State-owned Enterprise Partnership and Community Development Program Operator. In the future, SIM PKBL will continue to be developed and modified to fulfil the need distribution speed and administrative data administration. The application development are divided into programme modules which are modified in accordance to the operational need. SIM PKBL has thee modules: Partnership Program Module, Communiy development Module, and still under development is the Financial Module. Opinion Survey Partnership Program and Community Development Program In 2010, TELKOM have done a Partnership Program survey to measure:
• The significance of the Partnership Program loan distribution and contribute value to society particularly small business that received the loan,
• The significance of the Community Development Program in contributing added value for TELKOM,
• The effectiveness of the loan distribution by measuring the performance of Foster Partners, • Opinion from the loan receiver (Foster Partners) on CDC’s services.
Suprastructure 1. Ministrial Decree 05/MBU/2007
2. Director Decree.12/PS150/COP-90030000/2008
3. Director Decree.21/PR000/COP-90030000/2010
Subject Object Method
Partnership Program
Loan receiver (Foster Partner)
Benefit Effectiveness Opinion Image
Survey Sampling In depth interview
Benefit, Opinion, Effectiveness and Company Image
Environment 1. Central and Local Government
2. SME 3. TELKOM
13
In 2010, TELKOM also performed a Community Development survey to measure: • The extent of the grating of aid Community Development is able to its receiver, society and the
Company; • The effectiveness of the aid distribution for community development;, • The extent of TELKOM’s image in society.
Suprastructure 1. Ministrial Decree 05/MBU/2007
2. Director Decree.12/PS150/COP-90030000/2008
3. Director Decree.21/PR000/COP-90030000/2010
Subject Object Method 1. Receiver
Benefit Image Effectiveness
Questionnaire Observation In-depth
Community Development
Program
2. Community Benefit Image
Questionnaire Observation
Benefit, Image and Effectiveness
Environment 1. Central and Local Government
2. SME 3. TELKOM
14
IMPLEMENTATION OF PARTNERSHIP AND COMMUNITY DEVELOP MENT PROGRAM
ACTIVITY OF PARTNERSHIP PROGRAM
Method for Disbursement of Partnership Program The method for the distribution of the Partnership Program is performed by TELKOM through CD Area and refer to the CDC organizational structure as well as its programs to simplify the distribution of CDC’s programs. Based on the organizational structure and program, TELKOM’s Partnership Program are distributed through two type of methods:
• Active Distribution, aid distribution are done through proposal submitted by the Foster Partners,
• Proactive Distribution, aid distribution are done through active searching of Foster Partners by TELKOM.
Process
Proposal
Registration and evaluation proposal
Prospective Foster Partner survey
Evaluation and assessment survey results
Loan Grant Foster
Partner
A Loan Letter Agreement Foster Partner
Approval of Prospective Foster Partner
Allocation for Partnership Program Fund as approved by the AGM In 2010, the AGM approved the additional fund for Partnership Program in the amount of 0,25% of the net income profit for the year 2009 or Rp.28,330,350,184,- Distribution of Fund for the Partnership Program Distribution of Fund for Partnership Program in 2010 Per Province
Industry Trade Agriculture Animal Husbandry
Plantation Fishery Service Others Total No. Area
In million Rupiah) 1 Aceh 730 2,925 30 65 20 125 866 - 4,670 2 North Sumatra 1,784 6,057 1,630 70 60 384 3,373 100 13,200 3 West Sumatra 560 3,759 110 520 - 120 1,230 - 6,178 4 Riau Mainland 689 2,776 - 114 846 1,086 552 - 5,947 5 Riau Island 673 6,743 21 60 40 116 2,036 - 9,503 6 South Sumatra 778 5,490 30 12 - 217 2,480 150 8,981 7 Jambi 1,327 3,738 15 244 - 429 2,315 - 7,913 8 Bengkulu 215 3,080 - - - 275 1,440 50 4,963 9 Lampung 1,003 2,497 1,000 60 - 170 1,395 100 6,105 10 Bangka Belitung 372 3,215 - 15 50 - 647 50 4,266 11 Jakarta 2,536 13,184 - 2 - 165 3,003 250 18,775 12 Banten 517 3,717 216 45 - 10 1,192 - 5,588 13 West Java 12,817 12,436 2,047 1,116 30 1,883 6,441 228 36,289 14 Central Java 6,349 14,142 3,396 1,084 1 890 6,609 1,228 33,054 15 Yogyakarta 2,726 2,631 289 922 - 257 2,108 - 8,763 16 East Java/Madura 6,302 17,399 3,790 1,344 50 279 4,665 130 33,307 17 East Kalimantan 594 6,440 0 369 250 100 2,756 100 10,408 18 West Kalimantan 152 2,311 - 205 29 35 1,557 100 4,306 19 Central Kalimantan 710 2,715 12 564 18 75 1,691 - 5,673 20 South Kalimantan 440 3,730 - 46 - 54 2,238 - 6,382 21 Bali 3,375 6,900 50 1,160 225 - 3,515 1,275 16,184 22 NTB 723 2,235 - 45 - - 1,090 230 4,240
15
23 NTT 312 838 - 410 - 50 982 100 2,640 24 South Sulawesi 651 2,973 3,000 210 75 - 706 - 7,469 25 Central Sulawesi 210 1,457 - 20 - 75 990 - 2,699 26 Southeast Sulawesi 210 2,137 - 20 50 - 820 - 3,175 27 North Sulawesi 30 925 - - - - 900 - 1,819 28 West Sulawesi 125 180 - 30 - - 15 - 343 29 Gorontalo 345 1,551 36 197 - - 1,094 - 3,161 30 Maluku 50 785 - - - 30 85 - 931 31 North Maluku 455 2,375 150 180 - 120 820 - 4,021 32 West Papua - - - - - - - - - 33 East Papua 115 1,126 90 75 - 110 1,357 - 2,818 Total 46,609 138,921 15,859 9,176 1,742 7,026 60,476 3,092 283,773
Foster Partners Partnership Program 2010 Per Province
Industry Trade Agriculture Animal Husbandry
Plantation Fishery Service Others Total No. Area
In million Rupiah) 1 Aceh 35 129 1 5 1 5 38 - 213 2 North Sumatra 56 256 201 5 3 11 115 1 646 3 West Sumatra 18 158 2 9 - 3 34 - 224 4 Riau Mainland 22 101 - 4 32 31 20 - 210 5 Riau Island 28 326 1 4 2 9 84 - 453 6 South Sumatra 32 281 2 1 - 7 96 1 419 7 Jambi 43 112 1 6 - 11 62 - 235 8 Bengkulu 9 120 - - - 10 53 1 193 9 Lampung 30 141 109 1 - 5 52 1 339 10 Bangka Belitung 15 133 - 1 2 - 22 1 174 11 Jakarta 45 313 - - - 6 61 2 427 12 Banten 19 125 7 2 - 1 35 - 188 13 West Java 404 469 62 40 3 70 215 3 1,266 14 Central Java 168 420 157 28 - 31 198 18 1,021 15 Yogyakarta 57 66 14 36 - 9 40 - 221 16 East Java/Madura 205 695 268 42 1 14 193 3 1,421 17 East Kalimantan 19 243 - 12 6 2 93 1 376 18 West Kalimantan 5 84 - 8 2 2 41 1 142
19 Central Kalimantan
30 148 1 34 1 5 78 - 296
20 South Kalimantan 15 158 - 3 - 3 81 - 260 21 Bali 40 78 1 13 3 - 44 14 192 22 NTB 13 45 - 1 - - 17 3 80 23 NTT 7 23 - 10 - 1 22 1 63 24 South Sulawesi 20 95 199 7 2 - 26 - 347 25 Central Sulawesi 5 49 - 1 - 1 27 - 82
26 Southeast Sulawesi
5 50 - 1 1 - 17 - 74
27 North Sulawesi 1 22 - - - - 16 - 39 28 West Sulawesi 4 10 - 2 - - 1 - 17 29 Gorontalo 11 44 2 2 - - 25 - 83 30 Maluku 1 22 - - - 1 3 - 27 31 North Maluku 8 63 3 2 - 5 21 - 101 32 West Papua - - - - - - - - - 33 East Papua 2 43 3 2 - 4 32 - 85 Total 1,372 5,022 1,033 280 58 245 1,858 50 9,918
Fostering The amount of fostering distribution is the cost for fostering activity, which are: education, training, on the job training, marketing, promotion, research.
Year Distribution Value (Rupiah) 2008 10,162,588,546 2009 10,713,499,623 2010 14,921,115,714
16
Partnership Program Performance Partnership Program Distribution (in million) Par tnership Program Collection (in million)
■Target RKA ■ Actual ■Target RKA ■ Actual
Performance Year Description Target RKA Actual
Percentage
Distribution 190,000,000,000 182,595,000,000 96% 2007 Collection 109,077,200,000 97,455,433,315 89% Distribution 210,000,000,000 207,823,173,000 99% 2008 Collection 136,273,264,000 136,273,264,000 106% Distribution 155,000,000,000 144,724,333,329 99% 2009 Collection 139,440,909,000 153,654,200,000 123% Distribution 272,959,457,000 272,959,457,000 105% 2010 Collection 180,528,961,000 180,528,961,000 100%
Development of Foster Partners Development of Foster Partners in the past four years, since 2007, 2008, 2009 and 2010
Number of Foster Partners CD Area 2007 2008 2009 2010
CD Area-I 2,733 3,336 1,127 3,108 CD Area-II 718 1,016 315 859 CD Area-III 1,019 1,043 320 1,023 CD Area-IV 1,139 1,478 504 1,243 CD Area-V 1,152 1,290 583 1,421 CD Area-VI 1,181 1,328 432 1,074 CD Area-VII 1,759 1,898 267 1,191 Total 9,701 11,389 3,548 9,918
Partnership Program Survey
1. National Average Use 2. National Average Opinion 3. Effectiveness of Loan and 4. TELKOM Image
Partnership Program Activity TELKOM distributes loan of Rp5,452 billion to Foster Partners in Sumbagsel Area Held in Aula TELKOM Sudirman Palembang, on March 29 2010, Community Development Sub-Area TELKOM Sumbagsel granted load to 245 Foster Partners with a total fund of Rp.5,452 billion. This loan distribution is for the period of 1Q 2010. As of 2002, until Q1 2010, CD Sub-area TELKOM Sumbagsel have distributed a total loan of Rp.97 billion to 6,890 Foster Partners.
17
CD Area –IV distributes Rp2.5 billion to 72 UKM in Yogyakarta Held in JBN Hall Jl. Yos Sudarso No.21 Kotabaru Yogyakarta, TELKOM held a Partnership Program distribution to 72 SME. Total Fund distributed Rp.7.9 billion in CD Area-4 Central Java and Yogyakarta. Meanwhile, Sub Area Yogya in 1Q 2010 have distributed aid fund in the amount of Rp2.527 billion. The composition of the Foster Partners consists of 40% new partners and 60% previous partners which have been selected through a comprehensive survey. Among the Foster Partners who received aid, there are Foster Partners who run a telephone kiosk with a total distribution of Rp124 million. The remaining 70 Foster Partners disperse in numerous businesses with the amount of Rp2.3billion. CD Area-VI distributes 1Q 2010 Partnership Fund in Kaltimteng TELKOM Samarinda have again dispersed business loan fund through the Community Development Program to the Samarinda community. From 2002 until 2009, TELKOM CD Area-VI have distributed aid through 917 Foster Partners with find amounting to Rp13 billion. IN the 1Q 2010, TELKOM CD Area VI have dispersed loan fund to 33 Foster Partners with a total fund of Rp837 million. Currently the total fund distributed for community business development reached Rp14 billion with 950 Foster Partners. 1Q/2010 Distribution by CD Area-V East Java Held in Bailarung Lebah Biru TELKOM East Java have presented roll-over fund Sub Area East Surabaya dan west Surabaya on March 29, overall the fund distributed by CD Area V East Java amounted to Rp6.046 billion distributed to 314 Foster Partners. This years distribution still carries the theme “Grow with TELKOM” which is expected to enable Foster Partners to grow its business during the crisis period and further develop after receiving aid fund from TELKOM. During his opening speech, Mr. Gunawan Rismayadi as Deputy GM DBS, stated that TELKOM will continue to provide its assistance for SME in developing its business. CD Area III dropped Rp.1 billion for Foster Partner s The granting of the PKBL Fund for QIV in the amount of Rp.1 billion was done by CD Area III on December 9 in Aula TELKOM Bandung. The fund was presented to 59 Foster Partners in various business sectors, such as industry, trade, service, agriculture, animal husbandry, and fishery. The event was followed by a presentation on “Product Marketing through Internet” from Plasa.com and “Product Knowledge” from Nunung Herrana, TELKOM Bandung. CDC Area II Jakarta & Banten grated loan to 162 Foster Partners On December 9, Manager CDC Area II Jakarta and Banten M Suherman signed a Loan Letter Agreement with 162 Foster Partners in 8 area within Regional Division II Jakarta & Banten during the QIV 2008 and also provide workshops to Foster Partners in APK GCC Jakarta. CD Area-VII distributed Rp.785 billion Partnership Fund Q4/2010 During the end of 2010, Community Development rea Makasar distributed Partnership Fund in the amount of Rp785 million to 30 Foster Partners. The 30 Foster Partners have been tested and surveyed with considering community aspect and business feasibility, human resource and collectibles. Currently, the amount of partnership community development fund area Makasar that have been distributed since QIII/2002 until QIV 2010 amounted to Rp28,704,900,000 with a total of 1,514 Foster Partners. On December 20, in CS Area Makasar Meeting Room Jl. AP Pettarani, held a workshop and cooperation agreement signing for the TELKOM Partnership and Foster Partners. This event was attended by Manger CD area Makasar, Syarifudin Kahar, Officer I PKBL Makasar, Syariffudin, Manager Head Office RO KTI, Sasongko, and Amir from Modern Channel.
18
ACTIVITY OF COMMUNITY DEVELOPMENT PROGRAM
Advanced Training, Self-Reliance efforts of Foster Partners In TELKOM's Learning Center which located at Jalan Tegalsari Barat No. 9-11 Semarang, TELKOM CD Area IV Central Java and Yogyakarta on 23 March held training with the theme of "empowerment of SMEs in facing the challenges and seize opportunities". In this training, our partnership/“Foster Partners” have been given accounting intermediate materials and effective marketing. This advanced training, at least have been followed by 80 Foster Partners from the CD Sub Area as Central Java and Yogyakarta. Efforts equipping Foster Partners with the provision of materials "accounting and business motivation as well as marketing" will continue to be carried out intensively due to the many of Foster Partners that are still low in terms of marketing ability and motivation in trying. Furthermore, this training is expected to increase the competence of Foster Partners so that after the partnership with TELKOM, our Foster Partners are bankable and can access capital widely disbursed by the Bank. The results of this advanced training, our Foster Partners are required to make regular financial reports both for themselves and to be reported to TELKOM, which is in line with one of the clauses in the loan agreement. In addition to the briefing given motivation is expected to boost business partners to better compete and be able to survive amid competition in the SME sector. E-Commerce Training for Foster Partners E-commerce training for Foster Partners was held by CD Area V in collaboration with Division Business Service ("DBS”) on May 19, 2010, at BLC Mergoyo former Kandatel Surabaya Barat, which was attended by 20 participants from selected Foster Partners. The selection of participant was chosen based on the segmentation of industrial enterprises that are considered worthy of placing his business in plasa.com and can use TELKOM facilities in developing their business. Meeting of Foster Partners with the Current and Less Current in Payment On August 23, 2010 in Room Committed 2 U TELKOM Surabaya 3rd floor building, workshop was held for Foster Partners, this event was conducted by inviting Foster Partners with current and less current in payment, which was also as a means of handling accounts receivable that are bundling with training on bookkeeping simple and Intellectual Property Rights (“IPR”). In this event, we held directly discussions with the workshop participants about the problems faced by Foster Partners in the field and also the expected support by Foster Partners from TELKOM in order to expedite the loan instalments. In this event the participants with current payment share success tips in running the business. Likewise, provided are also materials on simple bookkeeping matter and issues concerning intellectual property rights of the student coop. 10 TELKOM’S Foster Partners participated in KSN Expo & Awards 2010 National Social Solidarity ("NSS") Expo & Awards 2010 for the umpteenth time again held in the Assembly Hall and Main Lobby Jakarta Convention Center ("JCC") for 4 days, from 30 September to 3 October 2010. The event was held to foster the spirit of social solidarity community. Implementation of this activity is jointly supported by several ministries, including Ministry of Social, Coordinating Ministry for People's Welfare, Ministry of the Home Affairs, MoCI, Ministry of Commerce, Ministry of Energy and Mineral Resources, Business Partnership Forum SOEs, CFCD, KADIN, IWAPI and Dekranas. NSS Expo & Awards 2010, opened by Vice President of Indonesia Boediono. In these Opportunities Boediono says, "NSS Expo is an event promotion-winning products for small and medium businesses, so business people can be more confident in marketing their products. NSS Expo & Awards 2010 is expected to be a great forum of national solidarity for all Indonesian society. This activity is also a synergy of government, private and community groups in terms of poverty reduction, empowerment of SMEs ".
19
TELKOM through its participation with the CDC Unit sent 10 partners coming from the CD Area II Jakarta and Banten two partners, CD Area III West Java 4 partners, and CD Area IV Central Java and Yogyakarta four partners. Items exhibited almost the same with handicraft and batik, but in different shapes and patterns in accordance with the character of their areas of origin. On this occasion the participation of the CD Area IV Central Java and Yogyakarta represented by Riyadi (Bantul) that showcase batik wood products, Heri Suryono (Yogyakarta) with brass and silver handicraft products, Abdul Basyar (Pekalongan) held batik products and Saefudin (Pekalongan) with batik ATBM . Entreprenuership and SME Management Training of TELKOM CD West Sub Area Kalimantan On 18-19 December, CD Sub Area of West Kalimantan, held a training event for its business partners. The event, held for two days at the Grand Room Hotel Gajahmada Pontianak, was presented by instructors from the Binis Contect on which occasion the Board of Directors Binis Contect Made Sudarta directly provided training materials assisted by Agus and Weda. Attending the opening ceremony of the training, UNER Area Manager West Kalimantan Kurnia Waras Cahyo who in his speech said that with this training is expected to support knowledge and to motivate the Foster Partners to develop its business in accordance to the demands of the time, so that in the future can become a reliable and resilient entrepreneurs. Furthermore, this training is also a manifestation of the responsibility of the Company to our Foster Partners in developing Foster Partners as well as an appreciation of TELKOM to Foster Partners. Method for Disbursement of the Community Development Program In the Community Development Program, the distribution are managed by TELKOM through Community Development Headquarters and Community Development Area. - Distribution of active undertaken directly based on proposals submitted by prospective relief object. - The distribution is based on a proactive search of aid candidate. - Distribution through SOE Care Program, the distribution of the Community Development Program
conducted jointly with other SOEs. The Flow Process of the Community Development Program
Proposal
Registration and evaluation proposal
Prospective relief object survey
Delivery of relief funds
Determination of aid approved
Evaluation and assessment survey
results Fund Allocation Community Development Program determined by the AGMS Based on the results of the GMS in 2010, the Community Development Program received additional funds amounting to 0.79% of company profits for the fiscal year 2009 of Rp90.000.000.000,-.
20
Community Development Program Fund Distribution
Community Development Fund 2010 Distribution per CD AREA
Regions BBA BPP BKM BSU BSI BPA BBP Total CD Central 1,727 4,031 1,431 1,161 3,281 563 2,000 14,194 CD Sumatera Area - 1,075 205 225 417 225 - 2,148 CD DKI Jakarta Area - 731 293 241 251 195 - 1,711 CD West Java and Banten Area
- 860 153 448 295 245 - 2,001
CD Central Java & DIY Area
- 667 110 372 209 40 - 1,397
CD East Java Area - 1,591 384 617 585 408 - 3,584 CD Kalimantan Area - 377 25 151 156 130 - 839 CD Area of Eastern Indonesia
- 560 150 275 356 215 - 1,556
Total 1,727 9,892 2,751 3,490 5,549 2,021 2,000 27,430
Remarks : BBA : Assistance to victims of natural disasters BPP : Improving Community Education and Training BKM : Improving Public Health BSU : Building Community Infrastructure and Facilities BSI : Improving Religious Activities and Community Worship Facilities BPA : Nature Conservation BBP : SOE Charity CD : Community Development
Object Assistance of Community Development Program in 2010 per CD Area Regions BBA BPP BKM BSU BSI BPA BBP Total CD Central 95 179 60 82 169 14 1 600 CD Sumatera Area - 40 14 13 45 9 - 121 CD DKI Jakarta Area - 24 6 23 26 7 - 86 CD West Java and Banten Area
- 53 27 11 41 7 - 139
CD Central Java & DIY Area
- 73 10 46 38 2 - 169
CD East Java Area - 35 21 7 32 13 - 108 CD Kalimantan Area - 40 4 22 28 7 - 101 CD Area of Eastern Indonesia
- 34 6 28 47 5 - 120
Total 95 478 148 232 426 64 1 1,444
Distribution of BUMN Peduli in 3 the last three years
Year Value Distribution (IDR)
2008 23,409,000,000 2009 500,000,000 2010 2,025,000,000
21
Performance of the Community Development Program
Performance of the Community Development Program (in millions)
25.430
5.295
47.095
41.180
37.090
8.484
55.579
87.934
2010
2009
2008
2007
Realization RKA
Distribution assistance in the last 4 years Percentage distribution of assistance
BPP 39%
BKM 13%
BPA 7%
BSI 22%
BBA 8%
BSU 11%
Community Development Program Survey 1. The benefits of the national average is 93.17%, included in the criteria are very useful (75-100%
criteria is very useful); 2. The effectiveness of the national average of 91.60%. Thus, the provision of assistance for community
development program is considered very effective (in accordance with the criteria of> 80.0% are very effective); and
3. The value of a national image for beneficiaries is 88.89% and the communities surrounding the beneficiaries is 77.78% (according to the criteria of 76-100% are very good image).
22
COMMUNITY DEVELOPMENT PROGRAM
CDC TELKOM UNIT
Building with Mind Improvement with Heart
Activity of Community Development Program RDC – CDC socialize i-Chat application and Grant Computer to School for the Disabled in Jakarta As a follow-up of the launching of an i-CHAT (I Can Hear and Talk) application by the Director of IT Solutions & Supply, Indra Utoyo, in Bandung on April 16, 2010, TELKOM R & D Center in cooperation with TELKOM CDC re-socialize the i-CHAT and delivery of computer-assisted equipped with the application i-CHAT, modems and speedy connections in some special schools in 5 cities in Indonesia. Socialization of the first phase conducted in Jakarta to 3 School for the disabled or Special School ("SLB") were a SLBN 04 Koja, North Jakarta, SLBN 06 Meruya, West Jakarta and SLB Budi Daya Pasar Rebo, East Jakarta. The CSR TELKOM team was headed by Andreas and Dank Kartiwa, conducted safaris to three schools on April 28, 2010. The session began with an introduction of TELKOM CSR team, then followed by a presentation and question and answer with school representatives, as well as delivered of the assistances (computers, merchandise, CD of i-CHAT installation with the instructions). The event ended with a photo together. The result of the socialization were some of good input obtained both TELKOM and the SLB, which are still needed support and assistance applications similar to other students with special needs. The SLB would like to thank profusely to TELKOM who was pleased to provide computer assistance and i-CHAT application to the SLB. They were very impressed with i-CHAT application that has been demonstrated. With a view pictures and an interactive video were expected special students to be enthusiastic in learning activities at once can be more familiar with computer lessons. Application i-CHAT can be seen in http://www.i-chat.web.id. BUMN Care Merapi Disaster On Tuesday (27/10) after hitting by Wedhus Gembel to Umbulharjo Village, CDC Area IV’s team that was accompanying Auditors and preparing of community development program in the Stage V Speedy Tour event, moved quickly to find such basic needs of foods, milk, instant noodles, drinking water and eating utensils, which are distributed to the refugees through a program TELKOM Care Natural Disasters. Joint Forum of SOEs, TELKOM joined and set the main of coordination post (“Posko”) of SOE Care in our STO office which was the nearest place to the barracks. Until the situation back safe and residents returned to their residence, the Posko will be closed.
23
SGM CDC granted computers to five schools in Yogyakarta Senior General Manager of Community Development Center ("SGM CDC"), Gatot Rustamadji, accompanied by Manager CS Yogyakarta Area, Arif Nurjayanto, granted five units of computer and its accessories including modem Speedy to five schools around the city of Yogyakarta. Delivery of aid was done after attending the departure of cycling participants Speedy Tour d'Indonesia ("STd'I") 2010, in front of KONI Building, Saturday (30/10). TELKOM provide aid for natural disaster relief, edu cation and religious facilities in Speedy Tour d’Indonesia 2010 Etape IV The starting point of the Stage VI STd'I departure to Madiun has been changed related to the rainfall volcanic eruption of Mount Merapi. Departure of the STd'I 2010 drivers conducted by the Police Chief who was accompanied by Director HCGA, Faisal Syam, Assistant Secretary of Yogyakarta province and the management of TELKOM Yogyakarta. Departure of participants performed in front of KONI Building in Yogyakarta and all the drivers and marshals wear masks, Saturday (30/10). As a form of awareness on the scene of Mount Merapi, Director HCGA accompanied by the SGM CDC, Gatot Rustamadji, delivered the aid directly in cash for a total of Rp50 million to the Government of Sleman District. It also handed over assistance for the renovation of two mosques with their respective value of Rp10 million and some computers to schools through which the route STd'I. TELKOM Go Green, Plant 10,000 Tress in 3 Sub-District TELKOM OBIT program has provided assistance of 10,000 trees, consisting of 4,000 oak trees, 4,000 sengon trees, 1,000 rambutan and mentoa trees, respectively, each accompanied by a fertilizer. Trees that have been given symbolically handed over to the Regent of Wonogiri, H. Dana Rahmanto. Plants that submitted were distributed to three districts including District Manyaran, Wuryantoro and Eromoko. In his speech, Dana gave appreciation for participation provided by the SOEs, local enterprises and private company. The purpose of this program included an effort of critical forest and land rehabilitation, prevented landslides and flooding, reduced greenhouse gas emissions as the effect of global warming, land management wisely by applying the principles of conservation, improved function and productivity of forest land, increased water resources and improved living standards and welfare of the community. Mudik Asik In 2010, more than 4,000 family members of TELKOMGroup partners, front liners and roadside outlets, took advantage of the opportunity to ‘Mudik’ (return to their hometowns for the Idul Fitri holiday) free of charges. This event is organized annually by TELKOM and our subsidiaries. Like last year, the free Mudik was held simultaneously in Jakarta and Surabaya. The TELKOMGroup provided 125 buses, 85 of which departed from Senayan’s East Parking Lot in Jakarta, while the rest left from Surabaya. The annual mass Mudik program is an opportunity for our customers and partners to get a safe, free passage home. In addition to being a show of our appreciation for our customers and partners, the mass Mudik program is also a response to the government’s appeal for people not to make the journey home by motorcycle, which apart from being tiring makes motorcyclists more vulnerable to accidents. The Mudik destinations include cities in West Java, Central Java and East Java, including Cirebon, Tasikmalaya, Kebumen, Yogyakarta, Solo, Semarang, Malang and Surabaya, as well as a few towns in Sumatra. Those taking part in the TELKOMGroup mass Mudik included our sales force, independent and roadside outlet operators,outlet TELKOM and internet outlet employees, TELKOMVision and Infomedia front liners, and Plasa TELKOM front liners. As well as a free journey on an air-conditioned bus, each traveler received a bag containing a T-shirt, cap, Flexi voucher, umbrella, fan and drinks and snacks. The 2010 TELKOMGroup mass Mudik program is our way of treating our customers and partners to a safe and comfortable journey home.
24
Posko TELKOMPeduli and TELKOMGroup 2010 We also demonstrated our concern for those traveling home for the holidays by establishing 2010 POSKO TELKOMPeduli and TELKOMGroup Posko, or coordination posts, on major routes and at strategic locations such as airports, terminals, stations, ports and tourist attractions. There were six TELKOM Posko and four TELKOMGroup Posko (Telkomsel, TELKOMVision/YesTV, Flexi, Infomedia and Speedy). In addition, Telkomsel independently operated 802 Telkomsel Siaga Posko throughout Indonesia. 2010 TELKOMPeduli and TELKOMGroup Posko locations included the Port of Bakauheni, Port of Merak, the Km 57 Rest Area on the Cikampek toll road, Mosque Baitul Amanah Rajapolah, Mosque Darusallam Indramayu, Kampung Kopi Banaran, Mosque Fairus Batang, SPBU Margasana Purwokerto, RM Duta 1 Madiun and Pantai Pasir Putih Situbondo. In line with the chosen theme, “Mudik Asik Bersama TELKOMGroup” (A Pleasant Journey Home with the TELKOMGroup), we took various measures to improve the quality of our services, including working with Yamaha to improve facilities and safety for travelers using Yamaha motorcycles. We hope that through this cooperation, safety for those traveling by motorcycle was enhanced. The 2010 TELKOMPeduli and TELKOMGroup Posko had various facilities and conveniences for travelers, such as toilets, prayer rooms, air-conditioned lounges, massage and reflexology, vehicle checks and first aid facilities. In addition, travelers could also take advantage of various TELKOMGroup services, such as Flexi and Telkomsel vouchers and starter packs, maps, Mudik information (telephone numbers of public services: Police posts, hospitals, restaurants, places of worship and gas stations) and information about road/traffic conditions. The 2010 TELKOMGroup Mudik Bersama is our way of maintaining good relations with our customers, partners and the general public. – West Java Area Posko
Posko locations: Mosque Baitul Amanah in Raja Polah, Tasikmalaya and Rumah Makan Kalijaga in Cirebon.
– Central Java Area Posko Posko locations: SPBU Margasana Jl. Rawalo in Purwokerto, Mosque Al Fairus in Pekalongan, and Taman Rekreasi Kopi Banaran.
– East Java Area Posko Posko locations: Rumah Makan Duta Ngawi, Jl. Ry Ngawi Solo Km 7 in Ngawi and Rumah Makan Surya, Jl. Ry Pasir Putih in Situbondo.
– Rest Area Locations: Rest Area Cikampek KM 57 and Port of Bakaheuni, Lampung.
o Standard Public Facilities o Air-conditioned lounge o Electric massage chair o Digital blood pressure check o First aid o Warm towels o Fast-breaking snack (ta’jil) and water o Tire pressure check and compressed air o Prayer room and toilet (with Mosque Itjeu facilities).
Map of Posko Mudik 2010
25
COOPERATION IN DISTRIBUTING PARTNERSHIP AND
COMMUNITY DEVELOPMENT PROGRAM Cooperation in Distributing Partnership Program thr ough other State-owned Enterprise In 2010, TELKOM have synergized its disbursement of the partnership Program with PT Sang Hyang Seri (Persero) (“PT SHS”), in accordance with the Minster of state-owned Enterprise Circular No.SE-05/MBU/2007 regarding Partnership and Community development Program and Minster of state-owned Enterprise Circular No.SE-14/MBU/2008 regarding Fund Optimalization for Partnership Program. This synergy was initiated by the recommendation of BPKP bease on its audit results on the National Performance of the Partnership and Community Development Program and the amount of fund that TELKOM holds each year. The synergy is intended to:
- Allocate Partnership Program to fund sectors with high job creation; - Increase benefit of Partnership and Community Development Program to society; - Create synergy between state-owned enterprise in implementing Partnership and Community
Development Program; and - Enhance quality of the Partnership and Community Development Program
In creating synergy between state-owned enterprise as instructed by the Minister of State-owned Enterprise, the amount of fund distributed through other State-owned Enterprise in 2010 is Rp.12 billion. Distrubution Area
Area Period Object Amount Sukabumi IV Quarter 2010 Cassava 1.000.000.000 Klaten IV Quarter 2010 Hybrid corn 1.000.000.000 Boyolali IV Quarter 2010 Hybrid corn 1.000.000.000 Pasuruan IV Quarter 2010 Hybrid corn 1.000.000.000 Banyuwangi IV Quarter 2010 Soybean 2.500.000.000 Tanjung Morawa III Quarter 2010 Inbred rice 1.500.000.000 Belitang IV Quarter 2010 Inbred rice 1.000.000.000 Sidrap III Quarter 2010 Soybean 2.500.000.000 Maros III Quarter 2010 Inbred rice 500.000.000
Total 12.000.000.000 Synergy Implementation - Synergy distribution in 2010 amounted to Rp12 billion, distributed during the third quarter of Rp4
billion and the forth quarter amounted Rp8 billion; - Generally returned per six-monthly for in-hybrid rice, hybrid rice, maize and soybean, while for
cassava crops in 1 year because the harvest period was 1 year; - Interest loan according to the standard is 6% per year from PT SHS to TELKOM; - Input data foster associates to SIM PK done by TELKOM; - For collection fees, TELKOM paid 1/3 of loan service; and - Basic Loan will be returned in July 2011 amounted to Rp7 billion and Rp1 billion in the month of
December 2011 plus a service fee of Rp1 billion, which will be returned in December 2011 because the harvest of cassava is one year.
26
COOPERATION FOR THE DISBURSEMENT OF COMMUNITY DEVEL OPMENT PROGRAM FUND WITH OTHER INSTITUTION
Allocation for the BUMN Care 2010 is taken 30% annually from Community Development Fund. Realization of the BUMN Care Program is the Post rehabilitation of the west Java Quake with the amount of Rp27.589.897.101. The synergy program for the aid distribution to communities nearby the Company, has initially implemented in the first semester 2010 together with out affiliates Telkomsel and TelkomVision. The Community Development Program has also synergize its activity with external parties such as:
- Bandung Institute of Technology (ITB) in holding training for homeless child; - Indonesia Education University (UPI) Madiun in holding public education on preserving
national heritage; and - Pondok Pesantren Tebu Ireng in Jombang for distributing religious attributes to the surrounding
community. Restorative Justice Restorative Justice is a synergic cooperation between TELKOM and Directorate General LAPAS Law and Human Rights Department. As a follow up to the MoU between State Ministry of State-owned Enterprise and State Ministry of Law and Human Rights, TELKOM became the pioneer in implementing the Community Development program in the prison facilities. This program is to provide new perspectives and choices to the prisoners after they have served their time in prison so that they can be self reliant to prevent them from returning to prison.
Activity Venue BLC Aid LAPAS Pemuda Tangerang and LAPAS Paledang Bogor Infrastructure Aid for IG2S LAPAS Anak Pria Tangerang Safe Internet Training LAPAS Pemuda tangerang, LAPAS Paledang Bogor and
LAPAS Anak Pria Tangerang Hand phone Service Training LAPAS Pemuda Tangerang and LAPAS Paledang Bogor Lavatory Aid LAPAS Perempuan Tangerang Locker Aid LAPAS Anak Pria Tangerang Clothes Drying Aid LAPAS Pondok Rajeg Cibinong Go Green with Tree Planting, Biopri and Recycling LAPAS Anak Pria Tangerang and LAPAS Pondok Rajeg
Cibinong Cooperative Academic Education (CO-OP) Program TELKOM Group Cooperative Academic Education (CO-OP) Program TELKOM Group is a comprehensive work in training program implemented by PT TELKOM together with its affiliates (PT Telkomsel and PT Infomedia) in cooperation with the academic community to create co-operative synergy bridging the industrial, academic and research community. This program provide advantages for college students by including hem in the TELKOM Group Co-op Alumni list which shall be used as TELKOM’s recruitment database. Students received honorarium and a Co-op certificate. The 2010 TELKOM Group Co-op Program is held for three months starting June 1, 2010 until August 31, 2010.
27
Standard requirements for students interested in joining the program are Student S1 Program, with minimum 117 SKS or Semester VII majoring in: electrical engineering, telecommunication engineering, informatics engineering, industrial engineering, management, accounting, law, communications, and phycology. Able to work full time for three months (June – August 2010). In addition, the students are required to achieve high grade point average, extra-curricular achievements, as well as having good English skill. The maximum age is 25, good health and character. Special requirements are determined by each Academic Institution before submitting the list to TELKOM through DPPK for selection process. Selection method used in program, are performed through 2 stages:
- Stage I, administration section by the universities (March 26, 2010). - Stage II, written test and interview by TELKOM and DPPK (April – May 2010).
Number of Participants TELKOM Group 2010 CO-OP Program
■ PT TELKOM : 250 ■ PT Telkomsel : 150 ■ PT Infomedia : 5 ■ UMKM MB TELKOM : 100
Academic Institution participants of TELKOM Group 2 010 CO-OP Program
No. Academic Institution 1. Syahkuala University, Banda Aceh 2. University of Northern Sumatera, Medan 3. University of Medan 4. University of Riau, Pekanbaru 5. Islam Negeri Riau University, Pekanbaru 6. Andalas University, Padang 7. Padang State University 8. Sriwijaya University, Palembang 9. University of Jambi 10. University of Bengkulu 11. University of Lampung 12. University of Indonesia, Jakarta 13. Trisakti University 14. Pancasila University 15. Institute of Science and Technology, Jakarta 16. Atamajaya University 17. Jakarta State University 18. Gunadarma University 19. Bina Nusantara University 20. Institute of Agriculture, Bogor 21. Institute of Technology, Bandung 22. University of Padjajaran, Bandung 23. Institute of Technology TELKOM,
Bandung 24. Institute of Management TELKOM,
Bandung 25. Universitas Pendidikan Indonesia, Bandung 26. Universitas Islam Negeri, Bandung 27. Parahyangan University, Bandung 28. University of Computer Indonesia,
Bandung 29. Widyatama University, Bandung 30. Diponegoro University, Semarang 31. Dian Nuswantoro University, Semarang 32. Semarang State University 33. Akhmad Dahlan University, Yogayakarta
No. Academic Institution 34. Gadjah Mada University 35. Pembangunan Nasional University,
Yogyakarta 36. Yogayakarta State University, Yogyakarta 37. Islam Indonesia University, Yogyakarta 38. Muhammadiyah Yogya University,
Yogyakarya 39. Atmadjaya University, Yogyakarta 40. Kristen Staya Wacana University, Yogyakarta 41. Jenderal Sudirman University, Purwokerto 42. Sebelas Maret University, Solo 43. Sepuluh November Institute of Technology,
Surabaya 44. Airlangga University 45. Surabaya State University 46. Kristen Petra University, Surabaya 47. University of Surabaya 48. Sekolah Tinggi Ilmu Komputer, Surabaya 49. Catholic Widya Mandala University, Surabaya 50. University of Jember 51. Trunojoyo BangkalanUniversity, Madura 52. Brawijaya University 53. Muhammadiyah University, Malang 54. University of Tanjung Pura, Pontianak 55. University of Palangkaraya 56. Mulawarman University 57. Lambung Mangkurat University, 58. Udayana University, Denpasar 59. University of Mataram 60. Hasannudin Univesity 61. Makasar State University 62. Sam Ratulangi University, Manado 63. Patimurra University, Ambon 64. Cendrawasih University, Jayapura 65. University of Tadulako, Palu 66. University of Haluoleo, Kendari
28
Radio Talk Show K-Lite Bandung
Since October 29, 2009, TELKOM Community Development Center Unit has cooperated with Radio K-Lite 107.1 FM Bandung in hosting a talk show program for small/medium enterprise development. This talk show program is aired every Tuesday and Friday from 19.00-12.00 Western Indonesian Time by inviting speakers from TELKOM’s Community Development Center Unit or expert practitioners in the small/medium enterprise subject. Through this talk show, TELKOM is able to identify the problems faced by our Foster Partners and provide useful solutions to them. Communications between TELKOM and its Foster Partners becomes more effective and efficient, this also creates lesson and learn for other Foster Partners. We hope that this shall provide inspiration for pubic in developing small/medium enterprise and recognize potential entrepreneurs to become Foster Partners.
29
CLOSING The 2010 Partnership and Community Development Annual Report is prepared base on the 2010 Partnership and Community Development Program Audit Report and financial statement data for the previous two years. This report is prepared and presented as management accountability in managing Partnership and Community Development Program in TELKOM. This report may be use by the stakeholders as consideration in determining the development and business sustainability of TELKOM. In maintaining quality of this report, revision may be made should there be a wording and data inaccuracy with the 2010 Partnership and Community Development Program financial audit result
30
PARTNERSHIP PROGRAM TELKOM CDC UNIT
Inspire to Self-reliance
31
Exhibits and Audit Result
Annual Report PKBL 2010
PT Telekomunikasi Indonesia Tbk
32
Binjai AB Shoes Extensive National Market I was really helped by the loan fund for business development of TELKOM. The number and type of shoes that I made before is still very limited, because I did not have sufficient funds to develop, while people that interested with my shoes at the same time increased. When I get a loan fund of Rp50 million from Telkom, I can increase the number and the type of my shoes production to meet customer demand. I also increased the number of employees from only 2 employees now have 8 employees. The market area I can only meet up before were Binjai, Medan and Aceh, but now it is spread into the area of Riau, Palembang, Jakarta, Java, Kalimantan and even Manado. To get new ideas and new models, I always access the internet at home through Speedy, even for marketing we have already received many orders through the blog (http: / / sepatubinjai.blogspot.com /) that I created on the internet. Thank you Telkom, hopefully Telkom could make more progress to help the community. Binjai, 26 April 2010 MuliadiMuliadiMuliadiMuliadi
33
Hijri Instant Herbal Beverage
Continue to Innovate and Expand Market Before becoming TELKOM’s partner, our business was like the old saying: hesitate to live but unwilling to die. Small entrepreneurs like us find it difficult to expand the market and had difficulties to get fund for our working capital because our products were only absorbed by local markets. Forget about developing market, we are lucky if we could pay the salaries of our employees. But after becoming a partner of TELKOM and have capital assistance and training, our idea and perspective become widely open. I benefited from trainings provided by TELKOM and its really helped my business. We are often included in various exhibitions, and the results are very positive, our products have been marketed to all over Indonesia. Currently we have been exploring cooperation with a large supermarket in West Kalimantan and already have around 60 outlets. We learn how to make the financial statements and preparing good marketing strategy. In the near future, we attempt to make a sachet package to enhance our product market. Thank you Telkom. Eko SuharyonoEko SuharyonoEko SuharyonoEko Suharyono
34
Ine Lombok Pearl Exceeds 1 billion Revenue Specializing in jewels and pearls in the countryside region is very difficult, because our main market is overseas. Increasing numbers of entrepreneurs in the same industry in Lombok also makes us have to continue to develop ourselves. Since becoming TELKOM’s partner, our turnover increased rapidly reaching up to Rp1 billion. Currently Ine Lombok Pearl has 6 outlets and 18 employees. We often participated in exhibitions and acquire new customers. Hopefully Telkom could also facilitate us to attend abroad exhibitions, so we can expand the market better. Dra. Hj. SuhartiniDra. Hj. SuhartiniDra. Hj. SuhartiniDra. Hj. Suhartini
35
We express our highest appreciation to TELKOM for the exceptional support to the Restorative Justice Program. This is an implementation from the MOU which was signed between the Ministry of Justice and Human Rights with the Ministry of State Owned Enterprises. Patrialis Akbar – Ministry of Law and Human Right
We express our thanks to Telkom for the support of Restorative Justice Program in several cities, for instance in Tangerang Penitentiary in Banten Province. Poppy Pudjiaswati – Head of Regional Office of Law and Human Right, Banten Province
TELKOM is very good (holding his two thumbs up). Mr. Joshua – representatives of the Australian Ambassador
36
Statement of the General Manager CDC Regarding Responsibility for
Financial Statements for year ended December 31, 2010 (audited) Partnership and Community Development Program Community Development Center
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia, Tbk Nomor: Tel 97/KU750/CDC-A1033000/2011
I undersigned : Name : Gatot Rustamadji Business address : Jl. Japati No. 1 Bandung 40133 Phone : (022) 452 8201/ 4528219 Position : Senior General Manager Community Development Centre
I hereby state as follows: 1. We are responsible for the preparation and presentation of the financial statements of Program
Kemitraan dan Bina Lingkungan Community Development Centre PT Telekomunikasi Indonesia Tbk;
2. The financial statements of Program Kemitraan dan Bina Lingkungan Community Development
Centre have been prepared and presented in accordance with accounting principles generally accepted in Indonesia;
3. a. All information has been fully and correctly disclosed in the Program Kemitraan dan Bina
Lingkungan Community Development Centre’s financial statements; b. the Program Kemitraan dan Bina Lingkungan Community Development Centre’s financial
statements do not contain false material information or facts, nor do they omit any material information or facts;
4. We are responsible for the Program Kemitraan dan Bina Lingkungan Community Development
Centre’s internal control system. This statement is considered to be true and correct. Jakarta, 18 February, 2011 On behalf of the Board of Directors, Senior General Manager Program Kemitraan dan Bina Lingkungan Community Development Centre PT Telekomunikasi Indonesia, Tbk GATOT RUSTAMADJI
37
Number: 019-LAI /KAP-AR/11
INDEPENDENT AUDITORS’ REPORT Stakeholders, Board of Commissioner and Management of the Partnership and Community Development Program Community Development Center Perusahaan Perseroan (Persero) PT.Telekomunikasi Indonesia,Tbk Bandung We have audited Report of Financial Position of Partnership and Community Development Program of Community Center of PT. Telekomunikasi Indonesia, Tbk as of 31 December 2010 and Report of Activities and Report of Cash Flows for the year ended on such date. These financial statements are the responsibility of the Corporation’s management. Our responsibility is to express an opinion on these financial statements base on our audit. Except the explanation in following paragraph, we conducted our audit in accordance with Auditing Standards established by the Indonesian Institute of Public Accountants. These standards require that we plan and perform the audit to obtain reasonable assurance that the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles applied and significant estimates made by management, as well as evaluating the overall financial statements presentation. We believe that our audit provides a reasonable basis for our report. On 31 December 2010, PKBL’s receivables are not recorded base on Statement of Financial Accounting Standard (Pernyataan Standar Akuntansi Keuangan (PSAK) No.55 - 2006 revised). “Financial Instrument: Presentation and Disclosure” (PSAK 55 R) and are not recorded based on Statement of Financial Accounting Standard No.50 (2006 revised), “Financial Instrument: Presentation and Disclosure” (PSAK 50 R). As we explain in Note 2 of financial statements, the receivables recorded based on State Owned Enterprises (SOE’s) PKBL Accounting Standard, which is sign by Minister of SOE’s through Circular Letter No.SE-04/MBU-S/2007 regarding “Application of PKBL Accounting Standard Book” (“Ministry of SOE’s Regulations”). Accounting Note to determine receivable book value based on PSAK 55 (2006 revised) and PSAK 50 (2006 revised) is not provided. Accordingly, we could not applied proper audit procedure to provide a reasonable basis of receivable value amounted Rp434,117,269,418,- which divided by receivables from Other BUMN amounted Rp12,000,000,000,- and receivable of foster partner borrowings amounted Rp387,138,465,680,- and non performing loan amounted Rp34,978,803,738 in financial statement as of 31 December 2010 and for year ended on such date. In our opinion, except for restatement effect mentioned above to the Financial Statements as of 31 December 2010 and for year ended on such date, if any, that we might be do if we applied reasonable audit procedure for those receivables value, Financial Statement that we mentioned above present fairly, in all material respects, the Financial Position of Partnership and Community Development Program of Community Development Center of PT. Telekomunikasi Indonesia, Tbk as of 31 December 2010 and 2009 and Report of Activities and Report of Cash Flows for the year ended on such date, in conformity with generally accepted accounting principles in Indonesia. We also have audited Financial Statements PKBL as of 31 December 2010 and 2009 and Report of Activities and Report of Cash Flow for year ended on such date, which is recorded based on Ministry of SOE’s Regulations, which is Comprehensive Accounting Base beside Indonesian General Accepted Accounting Standard and we expressed our opinion of those financial statements unqualified through our report No.018/KAP-AR/11 dated 23 March 2011. Our audit is conducted in order to express an opinion on the overall principal financial statements. Additional information on the Financial Statements of Partnership and Community Development Program of Community Development Center of PT. Telekomunikasi Indonesia, Tbk is presented to meet the Regulation of State Minister of State-owned Enterprises No. PER-05/MBU/2007 dated 27 April 2007 and some additional information is presented for the purpose of analysis rather than serving as part of the required principal financial statements. The information has become the object of our audit procedure
38
applied to the principal financial statements and in our opinion the financial statements have been presented fairly in all material respects, in relation to the overall principal financial statements. Team Leader, Abdi Ichjar, CPA NIAP 00.1.0756 Jakarta, 23 March 2010
39
Number: 020-LAI /KAP-AR/11
INDEPENDENT AUDITORS’ REPORT Management of the Partnership and Community Development Program Community Development Center Perusahaan Perseroan (Persero) PT.Telekomunikasi Indonesia,Tbk Bandung We have audited Report of Financial Position of Partnership and Community Development Program of Community Center of PT. Telekomunikasi Indonesia, Tbk as of 31 December 2010 and Report of Activities and Report of Cash Flows for the year ended on such date, and have issued our Report No.019-LAI/KAP-AR/11 dated March 23, 2011. We conducted our audit in accordance with Auditing Standards established by the Indonesian Institute of Accountants and Financial Audit Standards establish by the Financial Audit Body (BPK). These standards require that we plan and perform the audit to obtain reasonable assurance that the financial statements are free of material misstatement. Compliance with the requirement of laws, regulations, contracts and grants agreements that applied to PKBL CDC PT Telekomunikasi Indonesia, Tbk. is the responsibility of the management. As a part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we performed test of its compliance of PKBL CDC PT Telekomunikasi Indonesia, Tbk. with certain provisions of laws, regulations, contracts and grant agreement. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. Our audit expressed according with all aspects that we tested, PKBL CDC PT Telekomunikasi Indonesia, Tbk. comply in all material aspects with the compliance requirements referred to above. According to aspects that we were not tested, none of them as we knew makes us believe that PKBL CDC PT Telekomunikasi Indonesia, Tbk. is not comply, in all material aspects of those requirements. We also noted certain problems according to PKBL CDC PT Telekomunikasi Indonesia comply with immaterial provision of laws, regulations, contracts and grant agreement enclosed with revise suggestions that we state in Note No.2 from Compliance Report. This report is intended solely for the information and use of Audit Committee, Management and Board of Commissioners, but if this report is public report, the distribution is not restricted. Team Leader, Abdi Ichjar, CPA NIAP 00.1.0756 Jakarta, 298March 2011
40
Perusahaan Perseroan (Persero)
PT. Telekomunikasi Indonesia,Tbk Community Development Center
Partnership and Community Development Program Report of Financial Position
As of 31 December 2010 and 2009 (Amount stated in Rupiah)
DESCRIPTION NOTE 2010 2009
ASSETS Current Assets Cash and Cash Equivalents Receivables to other BUMN Receivables of Foster Partner Borrowings Allowance for Receivables of Foster Partner Borrowings
3.1 3.2 3.3 3.4
53,980,317,633 12,000,000,000
387,138,465,681 (88,961,573,152)
94,556,920,487 -
320,441,151,987 (57,231,947,189)
Total Current Assets (1) 364,157,210,162 357,766,125,284 Fixed Assets Inventory and Equipment Accumulated Depreciation of Inventory and Equipment
3.5
83,916,650 (83,916,650)
83,916,650 (83,916,650)
Total Fixed Assets (2) - - OTHER ASSETS Non-performing Loan Allowance for Non-performing Loan Placement of Security Funds (KUMLTA) BUMN Care Program
3.6 3.7 3.8 3.9
34,978,803,738 (34,978,803,738
8,345,000,000 25,940,822,479
9,845,062,323 (9,845,062,323)
8,345,000,000 1,870,675,047
Total Other Assets (3) 34,285,822,479 10,215,675,047 TOTAL ASSETS (4) = (1) + (2) + (3) 398,443,032,641 367,981,800,332 LIABILITIES AND NET ASSETS LIABILITIES Current Liabilities Unidentified Installments Overpayment of Installments Accrued Expenses
10 11 12
355,424,980 1,393,599,588
-
424,234,672 1,713,338,748
500,000,000 Total Liabilities (5) 1,749,024,568 2,637,573,420 NET ASSETS Unbinding Net Assets Temporary Binding Net Assets
13 13
370,753,185,594 25,940,822,479
363,473,551,865
1,870,675,047 Total Net Assets (6) 396,694,008,073 365,344,226,912 TOTAL LIABILITIES AND NET ASSETS 398,443,032,641 367,981,800,332
Table 1 : Report of Financial Position as of 31 December 2010 and 2009 Notes to the Financial Statements form an integral part of the entire Financial Statements.
41
Perusahaan Perseroan (Persero) PT. Telekomunikasi Indonesia,Tbk Community Development Center
Partnership and Community Development Program Report of Activities
For the years ended 31 December 2009 and 2010 (Amount stated in Rupiah)
DESCRIPTION 2010 2009
REVENUE
Allocation of Profit Allowance received by PK Allocation of Profit Allowance received by BL
28,330,350,184 90,000,000,000
53,097,346,361 -
Total Revenue (1) 118,330,350,184 53,097,346,361 INCOME
PK Loan Interest Income PK Deposit Interest/Giro Fee Income Other PK Income BL Deposit Interest/Giro Fee Income and Other BL
20,069,069,439 2,654,445,667
915,170,913 1,169,751,254
18,276,505,223 1,876,050,854
50,231,312,911 172,757,692
Total Income (2) 24,808,437,274 70,556,626,680 ALLOWANCE
Fund Allocation for BUMN Care ABT-Terminated in fulfillment of Program ABT-Expiration
(27,940,822,479) 2,000,000,000 1,870,675,047
(2,370,675,047) 500,000,000
8,616,686,137 Total Allowance (3) (24,070,147,432) 6,746,011,090 TOTAL REVENUE, INCOME AND ALLOWANCE (4) = (1) + (2) + (3)
119,068,640,026
130,399,984,131
DISTRIBUTION Expense for Grant Distribution of BL Funds
14,001,681,638 27,430,413,302
10,713,499,623 5,794,713,387
Total Distribution (5) 41,432,094,940 16,508,213,010 OPERATING EXPENSES PK Operating Expenses BL Operating Expenses Allowance of Receivables Expenses
12,138,122,672 1,355,421,307
56,863,367,377
9,095,378,280
313,970,792 -
Total Operating Expenses (6) 70,356,911,357 9,409,349,072 TOTAL DISTRIBUTION AND OPERATING EXPENSES
(7) = (5) + (6)
111,789,006,297
25,917,562,082 EXTRAORDINARY ITEMS (8) - - INCREASE (DECREASE) OF UNBINDING NET ASSETS
(9)=(4) - (7) + (8)
7,279,633,729
104,482,422,049
42
ALLOWANCE FOR BUMN CARE
Binding Net Assets - Allowance for BUMN Care Binding Net Assets - Liberated
27,940,822,479 (3,870,675,047)
2,370,675,047 (9,116,686,137)
INCREASE (DECREASE) OF BINDING NET ASSETS (10)
24,070,147432
(6,746,011,090)
INCREASE (DECREASE) OF NET ASSETS (11)=(9)+(10)
31,349,781,161
97,736,410,959
NET ASSETS AT THE BEGINNING OF PERIOD (12)
365,344,226,912
267,607,815,953
NET ASSETS AT THE END OF PERIOD (13)=(11)+(12)
396,694,008,073
365,344,226,912
Table 2 : Report of Activities for the years ended 31 December 2009 and 2010 Notes to the Financial Statements form an integral part of the entire Financial Statements.
43
Perusahaan Perseroan (Persero) PT. Telekomunikasi Indonesia,Tbk Community Development Center
Partnership and Community Development Program Report of Cash Flows
For the years ended 31 December 2009 and 2010 (Amount stated in Rupiah)
DESCRIPTION
2009
2008 A. CASH FLOWS FROM OPERATING
ACTIVITIES Cash received from: Revenue of profit allocation Repayment of principal loan Loan interest income Deposit interest, giro fee income PK Other Income and loan cancellation Excess payment BL Other income Unidentified Revenue
118,330,350,184 179,940,088,519 20,069,069,439 3,824,196,921
- 516,058,574
- 66,994,074
53,097,346,361 171,143,014,252 18,276,505,223 1,979,856,546 2,038,775,784
68,338,268 68,952,000
424,234,672 Sub Total of Revenue (1) 322,746,757,712 247,097,023,105 Cash expended for: Disbursement of partnership loan Disbursement of Principal to other BUMN Disbursement of Grant Disbursement of Community Development Payment of PK survey charges Payment of BL survey charges Payment of PK monitoring charges Payment of PK collection charges Payment of BL delivery goods charges Payment of PK administration charges Payment of BL administration charges Payment of BL Income Tax (PPh), Art 23 Realization of expenses payable of BUMN Care Restitution to foster partners
271,773,115,000 12,000,000,000 14,001,681,638 25,430,413,302 1,162,460,291
264,360,541 1,445,152,856 1,249,420,157
62,953,145 8,281,089,367
870,368,608 157,739,013 500,000,000 54,459,217
153,654,200,000 -
10,713,499,623 5,294,713,387 1,046,004,939
57,259,523 1,478,553,579
929,339,063 -
5,641,480,699 236,810,515 19,900,753
- 149,738,305
Total Expenses (2) 337,253,213,136 179,221,500,387 NET CASH RECEIVED/(EXPENDED) FOR OPERATING ACTIVITIES (3) = (1) - (2)
(14,506,455,424)
67,875,522,718 B. CASH FLOWS FROM INVESTMENT
ACTIVITY - - C. CASH FLOWS FROM FUNDING ACTIVITY
Binding Net Assets of Expired Limitation (4)
1,870,675,047
771,686,137
44
Allowance for BUMN Care Program Distribution of BUMN Care Program
25,940,822,479 2,000,000,000
2,370,675,047 500,000,000
Sub Total (5) 27,940,822,479 2,870,675,047 NET CASH RECEIVED (EXPENDED) FOR FUNDING ACTIVITY (6) = (4) - (5)
(26,070,147,432)
(2,098,988,910) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (7) = (3) + (6)
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF YEAR (8 )
(40,576,602,856)
94,556,920,489
65,776,533,808
28,780,386,679
CASH AND CASH EQUIVALENTS AT THE END OF YEAR (9) = (7) + (8)
53,980,317,633
94,556,920,487
PERUSAHAAN PERSEROAN (PERSERO) PT. TELEKOMUNIKASI INDONESIA,Tbk COMMUNITY DEVELOPMENT CENTER
PARTNERSHIP AND COMMUNITY DEVELOPMENT PROGRAM
Notes to Financial Statement For The Years Ended 31 December 2009 and 2010
(Stated in Rupiah)
45
1. INFORMATION ON PKBL
1.1 General Information Partnership and Community Development Program (PKBL) constitutes the implementation of Regulation of the State Minister of State-owned Enterprises (BUMN) Number: PER-05/MBU/2007 dated 27 April 2007 regarding Partnership Program between State-owned Enterprises and Small-scale Business and Community Development Program, which Chapter II article 2 paragraph (2) reads: “Publicly-listed Company may implement Partnership and Community Development Program as guided by this regulation that is stipulated under the resolution of General Meeting of Shareholders (RUPS)”.
Source of Funds for Partnership and Community Development Program (PKBL) is as follows: a. Funds for Partnership Program:
- Balance of Partnership Funds as of 31 December 2009 - 0.25% (null point twenty five percent) of 2009 Net Income - Administration fee of loan, interest on deposit and or giro fee from
Partnership Program after reduced by operating expenses - Pelimpahan Partnership Program fund from other BUMN, if any.
b. Funds for Community Development Program:
- Balance of Community Development funds as of 31 December 2009 - 0.79% (null point seventy nine percent) of 2009 Net Income - Interest on deposit and or giro fee from Community Development Program
fund.
Utilization of Funds for Partnership and Community Development Program is divided into:
a. Funds for Partnership Program is provided in form of:
- Loan To finance working capital and or purchase of fixed assets for the purpose of enhancing production and sales.
- Special Loan To finance funds requirement for the implementation of business activity of Foster Partner on short term basis for the purpose of meeting the order from business partners of Foster Partner.
- Grant
To finance education, training, apprentice, marketing, promotion and any other matters related to the increase of productivity of Foster Partner and for analysis/training. The amount of grant is determined at maximum 20% from the funds for Partnership Program disbursed in the current year.
b. Funds for Community Development Program:
For the benefit of the community in the business area in form of aids for:
PERUSAHAAN PERSEROAN (PERSERO) PT. TELEKOMUNIKASI INDONESIA,Tbk COMMUNITY DEVELOPMENT CENTER
PARTNERSHIP AND COMMUNITY DEVELOPMENT PROGRAM
Notes to Financial Statement For The Years Ended 31 December 2009 and 2010
(Stated in Rupiah)
46
- Victims of natural disaster - Education and or training - Health improvement - Development of infrastructure and public facilities - Praying facility - Conservation of nature
1.2 Organization Structure
TELKOM’s Community Development Center (CDC) is a unit established to manage Partnership and Community Development Program of PT Telekomunikasi Indonesia, Tbk under Decision of the Board of Directors of PT. Telekomunikasi Indonesia, Tbk Number: KD.12/PS150/COP.B.0030000/2008 dated 5 February 2008, regarding Central Management Organization of Partnership and Community Development Program/Community Development Center All employees mentioned below are the employees receiving salary and other income from PT. Telekomunikasi Indonesia, Tbk in application of Work Compensation (PSAK No. 24) and charged to PT. Telekomunikasi Indonesia, Tbk.
Organization Structure of Central PKBL (CDC) in 2010 is as follows:
Senior General Manager CDC : Gatot Rustamadji Senior Manager Planning and Control : Harry Suranto Senior Manager Financial : Irwan Hendrawan Senior Manager Partnership Program : Harmon Yero Senior Manager Community Development Program : Asep Hermawan
The activities of Community Development Center in under the coordination of the Director of Human Capital & General Affairs (HC & GA) The activity area of Partnership and Community Development Program includes all the territory of Indonesia, comprising of seven (7) Areas. Changes / revisions during 2010 were as follows: In the era of synergy program we have made synergy in the following field; a. Partnership Program
Synergy program for fund disbursement activity which not been fulfilled, started first semester 2010 have been synergized with business units in PT Telekomunikasi Indonesia, for example with Flexi Unit Business, Business Service Division, Access Division and Consumer Service Division.
b. Community Development
Synergy program for grant distribution activity which not been fulfilled, started first semester 2010 have been fulfilled with PT Telekomunikasi Indonesia subsidiaries, for example Telkomsel and Telkom Vision. Community Development also synergized its activities with other parties, such as: Institut Teknologi Bandung (ITB) in training for homeless children, and Universitas Pendidikan Indonesia (UPI) Madiun for general training about historical heritage to support nation competitiveness.
PERUSAHAAN PERSEROAN (PERSERO) PT. TELEKOMUNIKASI INDONESIA,Tbk COMMUNITY DEVELOPMENT CENTER
PARTNERSHIP AND COMMUNITY DEVELOPMENT PROGRAM
Notes to Financial Statement For The Years Ended 31 December 2009 and 2010
(Stated in Rupiah)
47
2. SUMMARY OF ACCOUNTING POLICIES
The Financial Statements for the Partnership and Community Development Program have been prepared in conformity with accounting principles and practices generally prevailing in Indonesia, i.e. Statement of Financial Accounting Standards (PSAK) No.45 Financial Statement for Non Profit Organization. 2.1. Presented Financial Statements
Presented Financial Statements, contain: a. Statements of Financial Position b. Statements of Activities c. Statements of Cash Flow d. Notes to the Financial Statements
2.2. Accounting Basis
Income and expenses are recorded on accrual basis, except income from loan administration fee and grant recorded on cash basis.
2.3. Cash and Cash Equivalents
Cash is legal payment instrument that is ready and free for use to finance the activities of PKBL unit, which consist of cash on hand, bank and deposit maturing in less than three (3) months.
2.4 Receivables of Foster Partner Borrowings Loan extended to Foster Partner is recorded as receivables in the amount of the principal loan extended. Repayment of principal loan will reduce the receivables. Income from loan administration fee is recorded as earning in the period of receipt of the earning. Receivables of Foster Partner Borrowings is presented in the Report of Financial Position (Balance Sheet) under Current Assets in net amount / principal to be collectible from Foster Partner. Based on Regulation of the State Minister of State-owned Enterprises (BUMN) Number: PER-05/MBU/2007 dated 27 April 2007, classification of loan quality is determined as follows: 1. Passed meaning that payment of installment of principal and loan administration fee
is made on a timely basis or not delayed, not later than thirty (30) days after the maturity date of installment upon mutual agreement.
2. Substandard if payment of principal installment and / or loan administration fee is
delayed passing 30 (thirty) days but not over 180 (one hundred and eighty) days as of the maturity date of installment upon mutual agreement.
3. Doubtful if payment of principal installment and / or loan administration fee is
delayed over 180 (one hundred and eighty) days and not passing 270 (two hundred and seventy) days as of the maturity date of installment upon mutual agreement.
PERUSAHAAN PERSEROAN (PERSERO) PT. TELEKOMUNIKASI INDONESIA,Tbk COMMUNITY DEVELOPMENT CENTER
PARTNERSHIP AND COMMUNITY DEVELOPMENT PROGRAM
Notes to Financial Statement For The Years Ended 31 December 2009 and 2010
(Stated in Rupiah)
48
4. Loss if payment of principal installment and / or loan administration fee is delayed over 270 (two hundred and seventy) days from the maturity date of installment upon mutual agreement.
Allocation of Allowance for Receivables of Foster Partner Borrowings Allocation of Allowance for Receivables of Foster Partner Borrowings is measured and recorded in certain percentage of the balance of receivables based on loan quality, as follows: 1. Passed Loan totaling 0% 2. Substandard Loan totaling 25% 3. Doubtful Loan totaling to 75% 4. Loss Loan totaling to 100%
Allocation of Allowance for Receivables of Foster Partner Borrowings is presented in the Report of Financial Position under Current Assets as the subtract factor of Receivables of Foster Partner Borrowings.
2.5 Grant Grant is recorded as disbursement of non-revolving funds of Partnership Program, the
recording is made on cash basis. 2.6 Community Development Proceeds and disbursement of funds for the activities of Community Development Program
are recorded separately from Partnership Program, but the reporting (Report of Financial Position, Report of Activity and Report of Cash Flow) is combined.
2.7 Non-Performing Loan Loss loan having been exerted for recovery by Rescheduling and Reconditioning but still
unrecoverable, is grouped in other assets under the name of Non-performing Loan. Allocation of Allowance for Non-performing Loan Allocation of allowance for Non-performing Loan is measured and recorded at 100% from
the balance of Non-performing Loan. Allocation of allowance for Non-performing Loan is presented in the Report of Financial
Position under Other Assets as the subtract factor of Non-performing Loan. Write off procedure of non-performing loan is made upon the decision of write off as
stipulated by the Minister pursuant to Article 28 of Regulation of the State Minister of State-owned Enterprises Number: PER-05/MBU/2007 dated 27 April 2007. However, until end March 2010, the procedure is yet to issue.
2.8 Placement of Security Funds (KUMLTA) Security funds of micro business placed in Bank Mandiri (Head Office) based on the letter
of the State Minister of State-owned Enterprises Number: S-307/MBU/2004 dated 15 June 2004 regarding Determination of Total Funds of Partnership Program placed for Loan Security of Micro Business with Bank Mandiri. Security Funds (KUMLTA) is presented in the Report of Financial Position under Other Assets.
2.9 BUMN Care Funds allocation of BUMN Care is the funds of Community Development Program to be
allocated for BUMN Care Program, originated from the beginning balance of cash / cash
PERUSAHAAN PERSEROAN (PERSERO) PT. TELEKOMUNIKASI INDONESIA,Tbk COMMUNITY DEVELOPMENT CENTER
PARTNERSHIP AND COMMUNITY DEVELOPMENT PROGRAM
Notes to Financial Statement For The Years Ended 31 December 2009 and 2010
(Stated in Rupiah)
49
equivalents of Community Development Program, income of Community Development Program, and realization of profit allocation from BUMN Developer for Community Development Program. This account represents contra account of Binding Net Asset after deduction of allowance for BUMN Care.
2.10 Net Asset Unbinding Net Asset is total Profit Allocation added by surplus (deficit) of Partnership
Program and 70% from the beginning balance of Community Development Program. Binding Net Asset is 30% from profit allocation for Community Development Program.
2.11 Inventory and Equipment
Fixed assets (Inventory and Equipment) are stated at acquisition cost. Accumulated depreciation presented once a year after acquisition year by straight line method.
PERUSAHAAN PERSEROAN (PERSERO) PT. TELEKOMUNIKASI INDONESIA,Tbk COMMUNITY DEVELOPMENT CENTER
PARTNERSHIP AND COMMUNITY DEVELOPMENT PROGRAM
Notes to Financial Statement For The Years Ended 31 December 2009 and 2010
(Stated in Rupiah)
50
3. NOTES TO FINANCIAL POSITION
DESCRIPTION As of 31-12-2010 As of 31-12-2009 3.1. Cash and Cash Equivalents 53,980,317,633 94,556,920,486 Amount presented are balance of cash and cash equivalent as of 31 December 2010 and 31 December 2009, consist of:
Cash of Partneship Program 15,570,899,796 8,961,271,863 Cash of Community Development Program 64,350,240,316 2,466,323,671 Deposit - 85,000,000,000 BUMN Care (25,940,822,479) (1,870,675,047)Total 53,980,317,633 94,556,920,486
Cash of Partnership Program with details: Cash on Bank Corporate Office TCDC: Bank Mandiri Branch GKP Telkom Bandung 12,281,430,225 7,707,751,165 Bank BNI Branch Posindo Bandung 3,106,231,284 1,013,200,781 Cash in Bank Regional Division CDC I, II,
IV, V, VI, VII 183,238,283 240,319,917 Total 15,570,889,792 8,961,271,863
Cash of Community Development with details: Cash on Bank Corporate Office TCDC: Cash in TCDC Regional Division 8,428,287 10,094,655 Bank Giro in CDC 64,341,813,019 2,456,229,016 Total 15,570,889,792 8,961,271,863
Deposit - 85,000,000,000 Time deposit with one month period Partnership Program and Community Development as of 31 December 2010 and 31 December 2009
Bank BNI 46 Posindo Bandung (PP) - - Bank Mandiri Telkom Corporate Office (CD) - 85,000,000,000 Total - 85,000,000,000
Cash on Bank Partnership Program in Regional Division with details: CD Area I Sumatra 36,140,061 97,533,108 CD Area II DKI Jakarta 18,793,912 12,709,970 CD Area III West Java/Banten 27,673,135 9,699,868 CD Area IV Central Java/DIY 15,567,294 14,918,088 CD Area V East Java/Madura 14,733,384 15,744,071 CD Area VI Kalimantan 17,953,390 17,748,241 CD Area VII Makassar 52,377,107 71,966,572 Total 183,238,283 240,319,918 Cash on Bank Community Development Program in Regional Division with details: CD Area I Sumatra 1,263,277 1,072,196 CD Area II DKI Jakarta 1,506,095 1,078,372 CD Area III West Java/Banten 1,083,026 1,102,046 CD Area IV Central Java/DIY 1,076,963 1,069,000 CD Area V East Java/Madura 1,367,878 2,138,000 CD Area VI Kalimantan 1,097,555 1,069,000 CD Area VII Makassar 1,033,503 2,566,040 Total 8,428,297 10,094,654
PERUSAHAAN PERSEROAN (PERSERO) PT. TELEKOMUNIKASI INDONESIA,Tbk COMMUNITY DEVELOPMENT CENTER
PARTNERSHIP AND COMMUNITY DEVELOPMENT PROGRAM
Notes to Financial Statement For The Years Ended 31 December 2009 and 2010
(Stated in Rupiah)
51
3.2. Receivables to BUMN Other Builder This account is receivables to BUMN Other Builder in synergy between BUMN Builder in the same manner as instruction of Ministry of BUMN. Balance of Receivables to BUMN Other Builder for the year ended 31 December 2010 and 2009 are Rp.12,000,000,000,- and Rp.Nil, respectively. Receivable to BUMN Other Builder are receivables to PT Sang Hyang Seri (Persero) based on Memorandum of Understanding dated 27 September 2010 and Agreement between PT. Telekomunikasi Indonesia (Persero), Tbk and PT Sang Hyang Seri (Persero) No.: K.Tel707/HK.810/CDC-A1010000/2010 and No.: 191/SHS.05/SP-IX/2010 dated 27 September 2010 regarding Loan Distribution to Increase Farmer Revenue Program of PT Sang Hyang Seri (Persero) through Farming Management. The Agreement stated that loan settled 6% per year with area distribution as follows:
Area Period Donation Amount Sukabumi Quarter IV 2010 Cassanava 1,000,000,000 Klaten Quarter IV 2010 Hybrida Corn 1,000,000,000 Boyolali Quarter IV 2010 Hybrida Corn 1,000,000,000 Pasuruan Quarter IV 2010 Hybrida Corn 1,000,000,000 Banyuwangi Quarter IV 2010 Soybean 2,500,000,000 Tanjung Morawa Quarter III 2010 Inbrida Rice 1,500,000,000 Belitang Quarter IV 2010 Inbrida Rice 1,000,000,000 Sidrap Quarter III 2010 Soybean 2,500,000,000 Maros Quarter III 2010 Inbrida Rice 500,000,000
12,000,000,000
PERUSAHAAN PERSEROAN (PERSERO) PT. TELEKOMUNIKASI INDONESIA,Tbk COMMUNITY DEVELOPMENT CENTER
PARTNERSHIP AND COMMUNITY DEVELOPMENT PROGRAM
Notes to Financial Statement For The Years Ended 31 December 2009 and 2010
(Stated in Rupiah)
52
As of 31-12-2010
(Rp) As of 31-12-2009
(Rp) 3.3. Receivables of Foster Partner Borrowings 387,138,465,680 320,441,151,987
The amount is principal loan of Foster Partner still open. As of 31-12-2010
(Rp) As of 31-12-2009
(Rp) CD Area I Sumatra 98,216,446,749 84,978,651,136 CD Area II DKI Jakarta 43,485,423,885 34,983,534,411 CD Area III West Java/Banten 35,490,163,481 27,212,627,571 CD Area IV Central Java/DIY 52,026,557,674 41,043,130,421 CD Area V East Java/Madura 42,708,540,761 37,005,614,712 CD Area VI Kalimantan 36,263,307,775 28,784,295,318 CD Area VII Makassar 78,948,025,355 66,433,298,418 Total 387,138,465,680 320,441,151,987 Table: 5 Receivables of Foster Partner Borrowings
3.4. Allowance For Receivables Of Foster Partner Borrowings 2010 Allowance Loan
Quality Receivables Period (from maturity date)
Receivables Balance
% Allowance 2010 2009
Allowance Expense Up to 2010
Passed Up to 30 days 259,766,823,284 0 % - - - Substandard >30 days ≤180 days 60,040,725,258 25 % 15,010,181,290 9,309,563,286 5,700,618,004 Doubtful >180 days ≤270 days 32,528,242,904 75 % 16,138,606,428 7,333,233,784 8,805,372,644 Loss >270 days 57,812,785,434 100 % 57,812,785,434 40,589,150,120 17,223,635,314 Sub Total 399,138,465,680 88,961,573,152 57,231,947,190 31,729,625,962 Non-performing 34,978,803,738 100 % 88,961,573,152 57,231,947,190 31,729,625,962 Total 434,117,269,418 123,940,376,890 67,077,009,513 56,863,367,377 Table 6: Allowance For Receivables Of Foster Partner Borrowings
3.4. Allowance For Receivables Of Foster Partner Borrowings 2009
Allowance Loan Quality
Receivables Period (from maturity date)
Receivables Balance
% Allowance 2009 2008
Allowance Expense Up to 2009
Passed Up to 30 days 232,836,103,680 0 % - - - Substandard >30 days ≤180 days 37,238,253,142 25 % 9,309,563,286 8,822,637,353 486,925,933 Doubtful >180 days ≤270 days 9,777,645,045 75 % 7,333,233,784 7,580,019,785 (246,786,001)Loss >270 days 40,589,150,120 100 % 40,589,150,120 96,522,509,174 (55,933,359,054)Sub Total 320,441,151,987 57,231,947,190 112,925,166,312 (55,693,219,123)Non-performing 9,845,062,323 100% 9,845,062,323 2,027,201,023 7,817,861,300 Total 330,286,214,310 67,077,009,513 114,952,367,335 (47,875,357,823)Table 7: Allowance For Receivables Of Foster Partner Borrowings
PERUSAHAAN PERSEROAN (PERSERO) PT. TELEKOMUNIKASI INDONESIA,Tbk COMMUNITY DEVELOPMENT CENTER
PARTNERSHIP AND COMMUNITY DEVELOPMENT PROGRAM
Notes to Financial Statement For The Years Ended 31 December 2009 and 2010
(Stated in Rupiah)
53
a. Loan Interest Rate The amount of loan interest rate charges to Foster Partner who accepted loan in 2006 was referred to Circular of Minister Number: SE-433/MBU/2003 dated 16 September 2003 and Decision of the Board of Directors Number: KD.22/KH.240/CDC-00/2004, applying the following flat system: Loan extended in 2001 up to 2001 Interest Rate - Up to Rp. 10,000,000 Flat 3 % p.a. - Above Rp. 10,000,000 up to Rp. 30,000,000 Flat 4 % p.a. - Above Rp. 30,000,000 up to Rp. 50,000,000 Flat 5 % p.a. - Above Rp. 50,000,000 Flat 6 % p.a.
Since April 2007 referred to Ministry Regulation No. PER-05/MBU/2007 dated 27 April 2007 interest rate charges to Foster Partner is flat 6%.
Loan extended in 2007 up to 2009 Interest Rate - Up to Rp. 10,000,000 Flat 6 % p.a. - Above Rp. 10,000,000 up to Rp. 30,000,000 Flat 6 % p.a. - Above Rp. 30,000,000 up to Rp. 50,000,000 Flat 6 % p.a. - Above Rp. 50,000,000 Flat 6 % p.a. Table: 7 Loan Offered Payment period for loans is 24 months with one month grace period.
b. Loan Quality As described in point 2, the summary of accounting policy above, that accounting policy applied relates to the quality of loan against the balance of receivables of borrowings as of 31 December 2010 and 31 December 2009 is as follows:
Loan Quality As of 31-12-2010
(Rp) As of 31-12-2009
(Rp) 1. Passed
(Payment of principal and interest promptly) 259,766,823,284 232,836,103,680
2. Substandard (Late payment 1 up to 180 days)
60,040,725,258 37,238,253,142
3. Doubtful (Late payment 181 up to 360 days)
32,528,242,904 9,777,645,045
4. Loss (Late payment above 360 days)
57,812,785,434 40,589,150,120
5. Non-performing 34,978,803,738 9,845,062,323 Total 434,117,269,418 330,286,214,310 Table: 8 Loan Quality as of 31 December 2010
PERUSAHAAN PERSEROAN (PERSERO) PT. TELEKOMUNIKASI INDONESIA,Tbk COMMUNITY DEVELOPMENT CENTER
PARTNERSHIP AND COMMUNITY DEVELOPMENT PROGRAM
Notes to Financial Statement For The Years Ended 31 December 2009 and 2010
(Stated in Rupiah)
54
3.5. Fixed Assets as of 31 December 2010 The amounts presented are inventory and office equipment with details as follows:
Changes in 2009 Description
Total (unit)
Beginning Balance
(Rp) Increase
(Rp) Decrease
(Rp)
Ending Balance (Rp)
At Cost: Printer Camera Notebook Acer Type 5562 WXNI Computer PC Dispenser Q.B.12 Filing Cabinet Server SMS
7 4 1 3 1 1 1
14,692,000 9,815,000
14,295,600 21,518,000
875,000 1,100,000
21,621,050
14,692,000 9,815,000
14,295,600 21,518,000
875,000 1,100,000
21,621,050 Sub Total 83,916,650 - - 83,916,650 accumulated depreciation (83,916,650) - - (83,916,650) Total - - - -
Table: 9 Fixed Assets as of 31 December 2010 Inventories acquired before 2006 booked as expense and recorded extra countable, meanwhile inventories acquired in 2006 booked as fixed assets. Depreciation to inventories begins 2007. Office equipments with purchased dated 1 January 2006 until 31 December 2006 amounted Rp. 83,916,650,- depreciated in 2007 with the same amount of inventory resulted book value inventories is zero. As of 31-12-2010
(Rp) As of 31-12-2009
(Rp) 3.6. Non-Performing Loan 34,978,803,738 9,845,062,323 3.7. Allowance for Non-performing Loan (34,978,803,738) (9,845,062,323) Details of Non-Performing Loan as follows: 2010 2009 CD Area I Sumatra 11,099,354,559 2,074,905,116 CD Area II DKI Jakarta 4,230,491,912 759,003,128 CD Area III West Java/Banten 9,821,901,820 5,624,044,659 CD Area IV Central Java/DIY 798,184,766 567,690,106 CD Area V East Java/Madura 3,198,017,788 0 CD Area VI Kalimantan 2,684,837,319 819,419,314 CD Area VII Makassar 3,146,015,574 0
PERUSAHAAN PERSEROAN (PERSERO) PT. TELEKOMUNIKASI INDONESIA,Tbk COMMUNITY DEVELOPMENT CENTER
PARTNERSHIP AND COMMUNITY DEVELOPMENT PROGRAM
Notes to Financial Statement For The Years Ended 31 December 2009 and 2010
(Stated in Rupiah)
55
Non-performing Loan of Rp. 34,978,803,738,- represents the loan balance of partnership program as of 31 December 2010 and including non-performing loan of Rp. 2,027,201,203 represents loan balance in the name of 253 foster partners in Nangroe Aceh Darussalam (NAD) suffering from earthquake, and tsunami disasters in December 2004. The Non-performing Loan of Foster Partners being the victims of tsunami has been proposed to the State Minister of BUMN for write off referring Head of Regional Division Sumatra No.Tel.807/UM.550/REI-123/2005 dated 22 August 2005, and Letter Corporate office TCDC No.Tel.876/UM.550/CDC-00/2006 dated 13 December 2006.
3.8. Placement of Security Funds As of 31-12-2010 (Rp)
As of 31-12-2009 (Rp)
(KUMLTA) 8,345,000,000 8,345,000,000 Table: 11 KUMLTA Total Placement of KUMLTA of IDR 8,345,000,000,- represents the balance of guarantee fund Usaha Mikro partnership programs placed in Bank Mandiri (Head Office) based on the letter from the State Minister of BUMN Number: S-307/MBU/2004 dated 15 June 2004 regarding Placement of Funds of Partnership Program for Kredit Usaha Mikro Layak Tanpa Agunan (KUMLTA) guarantee at Bank Mandiri. Pursuant to the Agreement between PT. TELKOM Tbk and Bank Mandiri Number: DIR.PKS/018/2004 dated 18 June 2004 article 2 paragraph (3), that for such placement of KUMLTA funds, first party shall be given giro fee and or interest by second party. However, until the end of 2007 the provision of giro fee/interest from Bank Mandiri has not been realized. Pursuant to the Agreement between PT. TELKOM Tbk and Bank Mandiri Number: DIR.PKS/018/2004 dated 18 June 2004 stated that placement and KUMLTA ended 17 Juni 2007. However, until financial year ended 31 December 2010 the fund has not been realized. In the letter No. S-123/MBU/2008 dated 12 February 2008 Ministry of BUMN proposed to the Audit Board of the Republic of Indonesia (BPK) to audit claim of KUMLTA program.
PERUSAHAAN PERSEROAN (PERSERO) PT. TELEKOMUNIKASI INDONESIA,Tbk COMMUNITY DEVELOPMENT CENTER
PARTNERSHIP AND COMMUNITY DEVELOPMENT PROGRAM
Notes to Financial Statement For The Years Ended 31 December 2009 and 2010
(Stated in Rupiah)
56
As of 31-12-2010
(Rp) As of 31-12-2009
(Rp) 3.9. BUMN Care 25,940,822,479 1,870,675,047
The amount is balance of BUMN Care as of 31 December 2010 and 31 December 2009
As of 31-12-2010 (Rp)
As of 31-12-2009 (Rp) 3.10. Unidentified Installments
355,424,980 424,234,672 The amount is balance of Unidentified Installments as of 31 December 2010 and 31 December 2009
As of 31-12-2010 (Rp)
As of 31-12-2009 (Rp) 3.11. Overpayment of Installments
1,393,599,588 1,713,338,748 The amount is balance of Overpayment of Installments as of 31 December 2010 and 31 December 2009 Table: 13 Current Liabilities Unidentified Installments 2010 2009 Beginning balance of Unidentified Installments
424,234,672
897,035,043 Identified installments (135,803,766) (541,138,639) Installments Unidentified in Current Period
66,994,074
68,338,268 Total
355,424,980
424,234,672
PERUSAHAAN PERSEROAN (PERSERO) PT. TELEKOMUNIKASI INDONESIA,Tbk COMMUNITY DEVELOPMENT CENTER
PARTNERSHIP AND COMMUNITY DEVELOPMENT PROGRAM
Notes to Financial Statement For The Years Ended 31 December 2009 and 2010
(Stated in Rupiah)
57
Overpayment Installments 2010 2009 Beginning balance of Overpayment of Installments 1,713,338,748 1,863,077,053 Restitution in Current Period and Deducted of Principal (835,797,734) (218,076,573) Payment of Overpayment Installments in Current Period 516,058,574 68,338,268 Total 1,393,599,588 1,713,338,748 Overpayment installments CD Area as follows: 2010 2009 CD Area I Sumatra
542,936,681
530,713,392 CD Area II DKI Jakarta
36,455,927
77,806,831 CD Area III West Java/Banten
91,987,763
129,009,517 CD Area IV Central Java/DIY
72,286,640
104,368,012 CD Area V East Java/Madura
144,117,462
264,383,645 CD Area VI Kalimantan
72,711,794
135,323,657 CD Area VII Eastern part of Indonesia
433,103,321
471,733,694 Total 1,393,599,588 1,713,388,748 3.12. Unbinding Net Assets For Financial Statements as of 31 December 2010 equity account reclassified to Unbinding net assets and binding net assets as follows:
PERUSAHAAN PERSEROAN (PERSERO) PT. TELEKOMUNIKASI INDONESIA,Tbk COMMUNITY DEVELOPMENT CENTER
PARTNERSHIP AND COMMUNITY DEVELOPMENT PROGRAM
Notes to Financial Statement For The Years Ended 31 December 2009 and 2010
(Stated in Rupiah)
58
2010 2009 Unbinding Net Assets 370,753,185,594 363,473,551,865 Binding Net Assets 25,940,822,479 1,870,675,047 Total 396,694,008,073 365,344,226,912
Description Net Assets Unbinding Net Assets Unbinding Net Assets Beginning of Year 363,473,551,865 258,991,129,816 Surplus (Deficit) Unbinding Net Assets 7,553,232,696 104,482,422,049 Unbinding Net Assets Year End 371,006,784,561 363,473,551,865 Binding Net Assets Binding Net Assets Beginning of Year 1,870,675,047 8,616,686,137 Surplus (Deficit) Binding Net Assets 24,070,147,432 (6,746,011,090) Binding Net Assets Year End 25,940,822,479 1,870,675,047 Total Net Assets 396,694,008,073 365,344,226,912
As of 31-12-2010 (Rp)
As of 31-12-2009 (Rp) 3.13. Temporary Binding Net Assets
25,940,822,479 1,870,675,047 The amount is balance of BUMN Care as of 31 December 2010 Rp. 25,940,822,479 2010 2009 Binding Net Assets Movement 589,897,101 2,370,675,047 Allowance for BUMN Care Beginning of Year
27,000,000,000
- Community Development Revenue
350,925,377
- Unappropiate Net Assets (2,000,000,000) (500,000,000) Total Binding Net Assets Movement 25,940,822,479 1,870,675,047
PERUSAHAAN PERSEROAN (PERSERO) PT. TELEKOMUNIKASI INDONESIA,Tbk COMMUNITY DEVELOPMENT CENTER
PARTNERSHIP AND COMMUNITY DEVELOPMENT PROGRAM
Notes to Financial Statement For The Years Ended 31 December 2009 and 2010
(Stated in Rupiah)
59
ADDITIONAL INFORMATION 1. Financial Statements
In addition to preparing the Principal Financial Statements, additional information is also presented that is required for analysis purpose at the Ministry of BUMN, as follows: Financial Position of Partnership and Community Development Program as of 31 December 2010 and 31 December 2009
DESCRIPTION As of 31-12-2010
(Rp) As of 31-12-2009
(Rp) ASSETS Current Assets Cash and Cash Equivalents 53,980,317,633 94,556,920,487 Deposit - 85,000,000,000 Receivables to Other Foster BUMN 12,000,000,000 - Receivables of Foster Partner Borrowings 387,138,465,680 320,441,151,987 Allowance for Receivables of Foster Partner Borrowings (88,961,573,152) (57,231,947,190) TotalCurrent Assets 364,157,210,161 357,766,125,284 Fixed Assets Inventory and Equipment 83,916,650 83,916,650 Accummulation Depreciation (83,916,650) (83,916,650) Total Fixed Assets - - Other Assets Non-performing Loan 34,978,803,738 9,845,062,323 Allowance for Non-performing Loan (34,978,803,738) (9,845,062,323) Placement of Security Funds (KUMLTA) 8,345,000,000 8,345,000,000 BUMN Care Program 25,940,822,479 1,870,675,047 Total Other Assets 34,285,822,479 10,215,675,047 TOTAL ASSETS 398,443,032,641 367,981,800,332 LIABILITIES AND EQUITIES Liabilities Current Liabilities - - Unidentified Installments 355,424,980 424,234,672 Overpayment of Installments 1,393,599,588 1,713,338,748 Accrued Expenses - 500,000,000 Total Liabilities 1,749,024,568 2,637,573,420 Equities Unbinding Net Assets 370,753,185,594 363,473,551,865 Binding Net Assets 25,940,822,479 1,870,675,047 Total Equities 396,694,008,073 365,344,226,912 Total Liabilities and Equities 398,443,032,641 367,981,800,332 Table: 17 Financial Position of Partnership and Community Development Program
PERUSAHAAN PERSEROAN (PERSERO) PT. TELEKOMUNIKASI INDONESIA,Tbk COMMUNITY DEVELOPMENT CENTER
PARTNERSHIP AND COMMUNITY DEVELOPMENT PROGRAM
Notes to Financial Statement For The Years Ended 31 December 2009 and 2010
(Stated in Rupiah)
60
1.2. ACTIVITY REPORT OF PARTNERSHIP PROGRAM FOR THE YEAR ENDED AS OF 31 DECEMBER 2010 AND 31 DECEMBER 2009.
DESCRIPTION
As of 31-12-2010 (Rp)
As of 31-12-2009 (Rp)
A. Funds Available Beginning Balance,1 January 102,306,271,866 29,494,822,660 Portion of Profit 28,330,350,184 53,097,346,361 Repayment of Principal Loan 179,940,088,519 171,567,248,924 Overpayment installment 516,058,574 68,338,268 Unidentified installment 66,994,074 - Total Funds Available 311,159,763,217 254,227,756,213 B Accumulated Disbursement of Funds 1. Accumulated Disbursement of Loan − Industry Sector 46,609,600,000 27,438,450,000 − Trading Sector 138,921,520,000 77,896,850,000 − Agriculture Sector 15,858,600,000 2,291,500,000 − Animal Husbandry Sector 9,176,150,000 5,766,800,000 − Plantation Sector 1,742,400,000 834,600,000 − Fishery Sector 7,026,600,000 3,920,900,000 − Service Sector 60,746,245,000 32,942,100,000 − Other Sector 3,962,000 2,563,000,000 Total Loan 283,773,115,000 153,654,200,000 2. Independent Business Saving - - 3 Grant 14,001,681,638 10,713,499,623 4 Advance - - Total Accum. Disbursement of Funds (B) 297,774,796,638 164,367,699,623 C. Available Funds (A-B) 89,860,056,590 D. Income Loan Interest 20,069,069,439 18,276,505,223 Interest on Deposit, Giro Fee 2,654,445,667 1,876,050,854 Other Income - 46,324,044,841 Total Income 22,723,515,107 66,476,600,918 E. Operational Expense Survey Expense 1,162,460,291 1,046,004,939 Monitoring Expense 1,445,152,856 1,478,553,579
Collection Expense 1,249,420,157 929,339,063 Administration Expense 8,281,089,367 5,641,480,669 Allowance Expense - - Other Expense - (3,987,123,808) Total Operational Expense (E) 122,138,122,672 5,108,254,471 F. Others Others - 48,772,392,866 Restitution to Foster Partner 54,459,217 149,738,305 Total Others (F) 54,459,217 48,992,131,171 G, Surplus (Deficit) (D-E) 10,585,392,435 61,368,346,446 H. End Balance of Funds (C+G-F) 23,915,899,797 102.306,271,865 Table: 18 Partnership Program Activity Report
PERUSAHAAN PERSEROAN (PERSERO) PT. TELEKOMUNIKASI INDONESIA,Tbk COMMUNITY DEVELOPMENT CENTER
PARTNERSHIP AND COMMUNITY DEVELOPMENT PROGRAM
Notes to Financial Statement For The Years Ended 31 December 2009 and 2010
(Stated in Rupiah)
61
1.3. FLOW OF FUNDS OF PARTNERSHIP PROGRAM FOR THE YEAR ENDED AS OF 31 DECEMBER 2010 AND 31 DECEMBER 2009.
DESCRIPTION
As of 31-12-2010 (Rp)
As of 31-12-2009 (Rp)
A. Accumulated Source of Funds Accum. Allocation of Profit Allowance 434,871,665,734 406,541,315,550 Accumulation Revenue Loan Installments 808,034,216,645 628,094,128,126 Loan Interest 79,679,203,043 59,610,133,604 Giro Fee, Interest on Deposit 39,158,019,092 36,503,573,425 Proceeds from Loan Cancellation of last year 50,000,000 50,000,000 Cancellation of Aids 100,000,000 100,000,000 Other Income 55,286,591,154 55,286,591,154 Accumulated Depreciation 83,916,650 83,916,650 Income in process 777,810,977 194,758,333 Total Revenue 983,169,757,561 779,923,101,292 Total Funds Available ( A ) 1,418,041,423,295 1,186,464,416,842 B. Accumulated Disbursement of Funds Accumulated Disbursement of Loan 218,002,270,000 171,392,670,000 − Industry Sector − Trading Sector 498,906,260,000 359,984,740,000 − Agriculture Sector 32,380,600,000 16,522,000,000 − Animal Husbandry Sector 140,783,588,000 131,607,438,000 − Plantation Sector 11,259,500,000 9,517,100,000 − Fishery Sector 26,847,000,000 19,820,400,000 − Service Sector 281,046,445,000 220,570,200,000 − Other Sector 29,494,975,000 25,532,975,000 Total Loan 1,238,720,638,000 954,947,523,000 Other Expenses Grant 55,841,979,868 41,840,298,230 Operating Expenses 45,587,760,839 33,449,638,167 Correction Beginning Balance of Receivables 514,996,726 514,996,726 Advance for BL Activities 16,143,573 16,143,573 Restitution 262,287,532 207,828,315 Others 53,181,716,965 53,181,716,965 Total Other Expenses 155,404,885,503 129,210,621,976 Total Accum. Disbursement of Funds ( B ) 1,394,125,523,503 1,084,158,144,976 End Balance of Funds (A-B) 23,915,899,792 102,306,271,866 Table: 19 Accumulated Partnership Program Fund
PERUSAHAAN PERSEROAN (PERSERO) PT. TELEKOMUNIKASI INDONESIA,Tbk COMMUNITY DEVELOPMENT CENTER
PARTNERSHIP AND COMMUNITY DEVELOPMENT PROGRAM
Notes to Financial Statement For The Years Ended 31 December 2009 and 2010
(Stated in Rupiah)
62
1.4. FLOW OF FUNDS OF COMMUNITTY DEVELOPMENT PROGRA M FOR THE YEAR ENDED AS OF 31 DECEMBER 2010 AND 31 DECEMBER 2009.
DESCRIPTION
As of 31-12-2010 (Rp)
As of 31-12-2009 (Rp)
A. Funds Available Beginning Balance 1,966,323,671 7,902,250,154 Proceeds from Profit Allocation 90,000,000,000 - Former Profit of 2005 - - Former Profit of 2006 - - Total 91,966,323,671 7,902,250,154 Proceeds of Giro Fee/Deposit Interest 1,169,751,254 103,805,692 Accrued Expenses - - Other Income - 68,952,000 Cancellation of Aids - - Temporary Fund of Partnership Program - - Total Funds Available 93,136,074,925 8,075,007,846 B. Appropriation of Funds 1. Community Development Program Aids for Victims of Natural Disaster 1,726,869,298 318,986,500 Aids for Education and or Training 9,892,225,274 1,330,232,080 Aids for Health Improvement 2,750,968,750 466,837,500 Development of Infrastructure & Public Facilities 3,490,150,000 1,211,657,307 Aids for Praying Facilities 5,549,181,980 298,000,000 Environmental Conservation 2,021,018,000 1,669,000,000 BUMN Care 2,000,000,000 500,000,000 Total Aids for Community Development 27,430,413,302 5,794,713,387 2. Operating Expenses
Expenses for Survey/Research/ Monitoring/Evaluation and Distribution of Aids 264,360,541 57,259,523
Lease Expense of Vehicle & Equipment - 5,500,000 Administration & Office Inv Expenses 870,368,604 231,310,514 Income Tax (PPh) Art. 23 on Giro Fee 157,739,013 19,900,753 Other Expenses - - Total Operating Expenses 1,355,421,303 313,970,790 Total Appropriation of Funds ( B ) 28,785,834,605 6,108,684,177 Tax expense - -C End Balance of Funds ( A-B ) 64,350,240,320 2,466,323,671 Table:20 Fund Flow Community Development Program
PERUSAHAAN PERSEROAN (PERSERO) PT. TELEKOMUNIKASI INDONESIA,Tbk COMMUNITY DEVELOPMENT CENTER
PARTNERSHIP AND COMMUNITY DEVELOPMENT PROGRAM
Notes to Financial Statement For The Years Ended 31 December 2009 and 2010
(Stated in Rupiah)
63
2. Partnership Program 2.1. Disbursement of Loan Funds The realization of disbursement of loan funds in 2010 comparing to Company Budget Plan (RKA) is as follows:
No CD Area Province Target 2010 Realization 2010 Rupiah Deviation (%)
1 2 3 4 5 6 = (4-5) 7=5/4
1 CD Area I Sumatra 10 74,325,385,000 73,062,451,000 1,262,934,000 98.30%
2 CD Area II DKI Jakarta 3 17,023,353,000 30,084,100,000 (13,060,747,000) 176.72%
3 CD Area III West Java/Banten 2 38,683,272,000 28,480,000,000 10,203,272,000 73.62%
4 CD Area IV Central Java/DIY 2 38,259,201,000 41,482,871,000 (3,223,670,000) 108.43%
5 CD Area V East Java/Madura 1 29,212,258,000 33,017,000,000 (3,804,742,000) 113.02%
6 CD Area VI Kalimantan 4 27,480,670,000 27,181,906,000 298,764,000 98.91%
7 CD Area VII Makassar 13 47,975,332,000 50,464,787,000 (2,489,455,000) 105.19%
Total 35 272,959,471,000 283,773,115,000 10,813,644,000 103.96%
Table: 21 Disbursement of Loan Funds
From the above data, the realization of disbursement loan funds (revolving) in 2010 was Rp. 283,773,115,- or103.96% from the target of 2010 of Rp. 272,959,471,000,- If compared to disbursement of the previous period, it is as follows:
Total Disbursement of Loan Increase (Decrease) 2009 2010 % No Segmentation
MB Rp MB Rp MB Rp
MB Rp
1 Industry 1,053 27,438,450,000 1,449 46,609,600,000 396 19,171,150,000 138% 170%
2 Trading 3,754 77,896,850,000 1,965 60,476,245,000 (1,789) (17,430,605,000) 52% 78%
3 Agriculture 143 2,291,500,000 51 3,962,000,000 (92) 1,670,500,000 36% 173%
4 Animal Husbandry
229 5,766,800,000 5,306 138,921,520,000 5,077 133,164,720,000 2,317% 2,409%
5 Plantation 29 834,600,000 259 7,026,600,000 230 6,192,000,000 893% 842%
6 Fishery 187 3,920,900,000 61 1,742,400,000 126 (2,178,500,000) 33% 44%
7 Services 1,364 32,942,100,000 531 15,858,600,000 (833) (17,083,500,000) 39% 48%
8 Other Sector 40 2,563,000,000 296 9,176,150,000 256 6,613,150,000 740% 358%
Total 6,799 153,654,200,000 9,918 283,773,115,000 3,119 130,118,915,000 146% 185%
Table: 22 Segmentation
From the aforementioned data, the disbursement of loan in 2010 reaching 9,918 Foster Partners with loan value of Rp. 283,773,115,000,- indicates an increase of Rp. 130,133,915,000,- or 185% from 2009.
PERUSAHAAN PERSEROAN (PERSERO) PT. TELEKOMUNIKASI INDONESIA,Tbk COMMUNITY DEVELOPMENT CENTER
PARTNERSHIP AND COMMUNITY DEVELOPMENT PROGRAM
Notes to Financial Statement For The Years Ended 31 December 2009 and 2010
(Stated in Rupiah)
64
2.2. Disbursement of Grant The realization of disbursement of Grant in 2010 was Rp 14,713,499,623 or 59.58% from the target of 2010 of Rp. 23,500,000,000,-.
No CD Area Target 2010 Realization 2010 Deviation Achievement
1 2 3 4 5 6 = (4-5)
1 CDC Corporate 10,575,000,000 6,231,396,683 4,343,603 58.93%
2 CD Area I Sumatra 3,597,263,000 1,702,050,903 1,895,212,097 47.32%
3 CD Area II DKI Jakarta 1,403,659,000 966,947,780 436,711,220 68.89%
4 CD Area III West Java/Banten 966,015,000 1,135,077,170 -169,062,170 117.50%
5 CD Area IV Central Java/DIY 1,506,162,000 1,604,980,595 98,818,595 106.56%
6 CD Area V East Java/Madura 1,141,582,000 643,252,785 498,329,215 56.35%
7 CD Area VI Kalimantan 1,257,017,000 683,139,632 573,877,368 54.35%
8 CD Area VII Makassar 3,053,302,000 1,034,836,090 2,018,465,910 33.89%
Total 23,500,000,000 14,001,681,638 9,498,318,362 59.58%
Table: 4 Disbursement of Grant 2010
3. Community Development Program
The realization of appropriation of funds of Community Development Program in 2010 was Rp. 54,375,731,710,-, comparing to RKA in 2010 of Rp 66,778,250,000 or 81.43%. The composition of realization Community Development funds in 2010 compared to RKA 2010 as follows:
No Aids For Community Development RKA In 2009 Realization Up to
2010 Deviation
(%)
1 Natural Disaster 3,703,172,000 1,726,896,298 1,976,302,702 46.63%
2 Education & Training 14,816,450,000 9,892,225,274 4,924,224,726 66.77%
3 Improvement of Public Health 3,794,000,000 2,750,968,750 1,043,031,250 72.51%
4 Development of Public Infrastructure 5,537,000,000 3,490,150,000 2,046,850,000 63.03%
5 Improvement of Praying Facilities 5,616,544,000 5,594,181,980 67,362,020 98.80%
6 Environmental Conservation 3,623,500,000 2,021,018,000 1,602,482,000 55.78%
7 BUMN Care 27,745,472,000 27,589,897,101 155,574,899 99.44%
8 BOP 1,941,986,000 1,355,421,307 586,564,693 69.80%
TOTAL 66,778,124,000 54,375,731,710 12,402,392,290 81.43%
PERUSAHAAN PERSEROAN (PERSERO) PT. TELEKOMUNIKASI INDONESIA,Tbk COMMUNITY DEVELOPMENT CENTER
PARTNERSHIP AND COMMUNITY DEVELOPMENT PROGRAM
Notes to Financial Statement For The Years Ended 31 December 2009 and 2010
(Stated in Rupiah)
65
4. Level of Performance a. Effective Loan Disbursement
Available Source of Funds
Balance of Funds as of 1 January 2010 Rp. 102,306,271,864
Incoming Funds in 2009
Repayment of Principal Loan Rp. 179,940,088,519
Loan Interest Rp. 20,069,069,439
Portion of Profit Rp. 28,330,350,184
Total Rp. 228,339,508,142
Total Funds Available ( 1 ) Rp. 330,645,780,006
Appropriation of Funds in 2009
Loan Disbursement Rp. 14,001,681,638
Grant/Development Rp. 283,773,115,000
Total Appropriation of Funds ( 2 ) Rp 297,774,796,638
Effective Loan Disbursement ( 2 / 1 x 100 % ) 90.06% In such percentage, the effective loan disbursement conforms to Decree of the State Minister of BUMN No. KEP-100/MBU/2002 dated 4 June 2002 including the category of Score "3"
b. Level of Loan Collectible Calculation of loan collectible is based on the balance of loan and weighted average value of the balance, Loan Balance as of 31 December 2010 was Rp. 434,117,269,418,- in the following categories:
Category Balance of Loan (IDR) Weight ( % ) Weighted Average (IDR)
1 2 3 4
Passed 259,766,813,184 100% 259,766,813,184
Substandard 60,040,725,158 75% 45,030,543,869
Doubtful 21,518,141,904 25% 5,379,535,476
Loss 57,812,785,434 0% -
Sub total 399,138,465,680 310,176,892,529
Non-performing 34,978,803,738 -
Total 434,117,269,418 310,176,892,529 Rate of Collectible Gross (including non-performing): ( 4 / 2 ) X 100 % = 71,45 % Rate of Collectible Gross (excluding non-performing): ( 4 / 2 ) X 100 % = 77,71 % In such percentage, the rate of loan collectible conforms to Decree of State Minister of BUMN No. KEP-100/MBU/2002 dated 4 June 2002 including the category of score "3".