Perusahaan Perseroan Persero PT Telekomunikasi Indonesia Tbk : Financial Statements (Unaudited) 1Q 2021

Perusahaan Perseroan (Persero)

PT Telekomunikasi Indonesia Tbk. and its subsidiaries

Consolidated financial statements

as of March 31, 2021 (unaudited) and for the three months period then ended (unaudited)

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PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk. AND ITS SUBSIDIARIES

CONSOLIDATED FINANCIAL STATEMENTS

AS OF MARCH 31, 2021 AND FOR THE THREE MONTHS PERIOD THEN ENDED

(UNAUDITED)

TABLE OF CONTENTS
	Page
Statement of the Board of Directors
Consolidated Statement of Financial Position	1
Consolidated Statement of Profit or Loss and Other Comprehensive Income	2
Consolidated Statement of Changes in Equity	3-4
Consolidated Statement of Cash Flows	5
Notes to the Consolidated Financial Statements	6-121

These consolidated financial statements are originally issued in the Indonesian language.

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk. AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As of March 31, 2021 (unaudited) and December 31, 2020 (audited)

(Amounts in the tables expressed in billions of Indonesian Rupiah, unless otherwise stated)

ASSETS	Notes			March 31, 2021			December 31, 2020
CURRENT ASSETS
Cash and cash equivalents	3,33,38	31,729	20,589
Other current financial assets	4,33,38	1,198	1,303
Trade receivables
Related parties	5,33,38	1,473	1,644
Third parties	5	10,907	9,695
Contract assets	6,33,38	1,098	1,036
Other receivables	38	278	214
Inventories	7	901	983
Contract cost	9	531	454
Prepaid taxes	28a	2,863	3,170
Claim for tax refund	28b	745	854
Other current assets	8,33	6,340	6,561
Total Current Assets				58,063			46,503
NON-CURRENT ASSETS
Contract assets	6,33,38	209	203
Long-term investments in financial instruments	10,38	4,307	4,045
Long-term investments in associate	11	176	192
Contract cost	9	1,429	1,254
Property and equipment	12,36	159,887	160,923
Right of use assets	13	17,388	18,566
Intangible assets	15	6,941	6,846
Deferred tax assets - net	28f	3,533	3,578
Other non-current assets	14,28,33,38	5,915	4,833
Total Non-current Assets				199,785			200,440
TOTAL ASSETS				257,848			246,943
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Trade payables	16,38
Related parties	33	874	928
Third parties		15,137	16,071
Contract liabilities	18a,33	7,223	7,834
Other payables	38	711	578
Taxes payable	28c	4,568	2,713
Accrued expenses	17,33,38	14,521	14,265
Customers deposits	33	2,500	2,024
Short-term bank loans	19a,33,38	12,191	9,934
Current maturities of long-term borrowings	19b,33,38	8,381	9,350
Current maturities of lease liabilities	13,38	6,451	5,396
Total Current Liabilities				72,557			69,093
NON-CURRENT LIABILITIES
Deferred tax liabilities - net	28f	692	561
Contract liabilities	18b,33	1,103	1,004
Long service award provisions	32	1,252	1,254
Pension benefits and other post-employment
benefits obligations	31	13,133	12,976
Long-term loans and other borrowings	20,33,38	33,418	30,561
Lease liabilities	13,38	7,567	10,221
Other liabilities		228	384
Total Non-current Liabilites				57,393			56,961
TOTAL LIABILITIES				129,950			126,054
EQUITY
Capital stock	22	4,953	4,953
Additional paid-in capital		2,711	2,711
Other equity	23	467	374
Retained earnings
Appropriated	30	15,337	15,337
Unappropriated		85,165	79,152
Net equity attributable to:
Owners of the parent company		108,633	102,527
Non-controlling interest	21	19,265	18,362
TOTAL EQUITY				127,898			120,889
TOTAL LIABILITIES AND EQUITY				257,848			246,943

The accompanying notes form an integral part of these consolidated financial statements.

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These consolidated financial statements are originally issued in the Indonesian language.

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk. AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND COMPREHENSIVE INCOME

For the Three Months Period Ended March 31, 2021 and 2020 (unaudited)

(Amounts in the tables expressed in billions of Indonesian Rupiah, unless otherwise stated)

REVENUES	Notes	2021			2020
24,33		33,945			34,194
COST AND EXPENSES
Operation, maintenance, and telecommunication
service expenses	26,33	(8,452)		(8,252)
Depreciation and amortization expenses	12,13,15	(7,286)		(6,849)
Personnel expenses	25	(3,500)		(3,451)
Interconnection expenses	33	(1,136)		(1,519)
General and administrative expenses	27,33	(1,293)		(1,572)
Marketing expenses	33	(755)		(641)
Gain on foreign exchange - net		78			205
Other income (expenses) - net			98			(186)
OPERATING PROFIT			11,699			11,929
Finance income	33	153			219
Finance cost	33	(982)		(1,215)
Share of loss of associated companies - net	11		(54)	(9)
PROFIT BEFORE INCOME TAX			10,816			10,924
INCOME TAX (EXPENSE) BENEFIT	28d
Current		(2,243)		(2,831)
Deferred		(186)		208
			(2,429)		(2,623)
PROFIT FOR THE PERIOD			8,387			8,301
OTHER COMPREHENSIVE INCOME (LOSS)
Other comprehensive income to be reclassified to profit
or loss in subsequent periods:
Foreign currency translation	23	93			419
Share of other comprehensive income of associated companies	11	-			4
Other comprehensive income not to be reclassified to profit
or loss in subsequent periods:
Defined benefit actuarial losses - net	31	(1)	-
Other comprehensive income - net			92			423
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD		8,479			8,724
Profit for the period attributable to:
Owners of the parent company		6,014			5,862
Non-controlling interests	21	2,373			2,439
Total comprehensive income for the period attributable to:			8,387			8,301
Owners of the parent company		6,106			6,285
Non-controlling interests		2,373			2,439
BASIC EARNING PER SHARE			8,479			8,724
(in full amount)	29
Net income per share		60.71			59.17
Net income per ADS (100 Series B shares per ADS)		6,070.93			5,917.49

The accompanying notes form an integral part of these consolidated financial statements.

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