Perusahaan Perseroan Persero PT Telekomunikasi Indonesia Tbk : Financial Statements (Unaudited) 2Q 2021

Perusahaan Perseroan (Persero)

PT Telekomunikasi Indonesia Tbk. and its subsidiaries

Consolidated financial statements

as of June 30, 2021 (unaudited) and for the six months period then ended (unaudited)

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PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk. AND ITS SUBSIDIARIES

CONSOLIDATED FINANCIAL STATEMENTS

AS OF JUNE 30, 2021 AND FOR THE SIX 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

of June 30, 2021 (unaudited) and December 31, 2020 (audited)

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

ASSETS	Notes			June 30, 2021			December 31, 2020
CURRENT ASSETS
Cash and cash equivalents	3,33,38	36,613	20,589
Other current financial assets	4,33,38	414	1,303
Trade receivables
Related parties	5,33,38	1,446	1,644
Third parties	5	9,753	9,695
Contract assets	6,33,38	1,055	1,036
Other receivables	38	166	214
Inventories	7	985	983
Assets held for sale	12	1,076	39
Contract cost	9	443	454
Prepaid taxes	28a	1,862	3,170
Claim for tax refund	28b	749	854
Other current assets	8,33	5,399	6,522
Total Current Assets				59,961			46,503
NON-CURRENT ASSETS
Contract assets	6,33,38	196	203
Long-term investments in financial instruments	10,38	9,877	4,045
Long-term investments in associate	11	142	192
Contract cost	9	1,485	1,254
Property and equipment	12,36	160,097	160,923
Right of use assets	13	16,744	18,566
Intangible assets	15	7,218	6,846
Deferred tax assets - net	28f	3,467	3,578
Other non-current assets	14,28,33,38	4,790	4,833
Total Non-current Assets				204,016			200,440
TOTAL ASSETS				263,977			246,943
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Trade payables	16,38
Related parties	33	796	928
Third parties		12,538	16,071
Contract liabilities	18a,33	7,637	7,834
Other payables	38	17,441	578
Taxes payable	28c	4,345	2,713
Accrued expenses	17,33,38	13,160	14,265
Customers deposits	33	2,496	2,024
Short-term bank loans	19a,33,38	16,776	9,934
Current maturities of long-term borrowings	19b,33,38	9,938	9,350
Current maturities of lease liabilities	13,38	5,964	5,396
Total Current Liabilities				91,091			69,093
NON-CURRENT LIABILITIES
Deferred tax liabilities - net	28f	589	561
Contract liabilities	18b,33	1,122	1,004
Long service award provisions	32	1,246	1,254
Pension benefits and other post-employment
benefits obligations	31	13,341	12,976
Long-term loans and other borrowings	20,33,38	38,448	30,561
Lease liabilities	13,38	7,857	10,221
Other liabilities		176	384
Total Non-current Liabilites				62,779			56,961
TOTAL LIABILITIES				153,870			126,054
EQUITY
Capital stock	22	4,953	4,953
Additional paid-in capital		2,711	2,711
Other equity	23	447	374
Retained earnings
Appropriated	30	15,337	15,337
Unappropriated		74,960	79,152
Net equity attributable to:
Owners of the parent company		98,408	102,527
Non-controlling interest	21	11,699	18,362
TOTAL EQUITY				110,107			120,889
TOTAL LIABILITIES AND EQUITY				263,977			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 Six Months Period Ended June 30, 2021 and 2020 (unaudited)

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

REVENUES	Notes	2021	2020
24,33		69,480		66,856
COST AND EXPENSES
Operation, maintenance, and telecommunication
service expenses	26,33	(17,473)	(16,227)
Depreciation and amortization expenses	12,13,15	(14,698)	(13,927)
Personnel expenses	25	(7,370)	(7,016)
Interconnection expenses	33	(2,354)	(2,959)
General and administrative expenses	27,33	(2,995)	(3,121)
Marketing expenses	33	(1,529)	(1,456)
Gain (losses) on foreign exchange - net		79	(84)
Other income - net			475		187
OPERATING PROFIT			23,615		22,253
Finance income	33	337	483
Finance cost	33	(2,065)	(2,315)
Share of loss of associated companies - net	11	(93)	(64)
Impairment losses of investment	11		-		(342)
PROFIT BEFORE INCOME TAX		21,794	20,015
INCOME TAX (EXPENSE) BENEFIT	28d
Current		(4,734)	(5,051)
Deferred		(140)	469
			(4,874)		(4,582)
PROFIT FOR THE PERIOD		16,920	15,433
OTHER COMPREHENSIVE INCOME
Other comprehensive income to be reclassified to profit
or loss in subsequent periods:
Foreign currency translation	23	73	55
Share of other comprehensive income of associated companies	11	0	3
Other comprehensive income not to be reclassified to profit
or loss in subsequent periods:
Defined benefit actuarial losses - net	31	-	-
Other comprehensive income - net			73		58
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD		16,993	15,491
Profit for the period attributable to:
Owners of the parent company		12,451	10,989
Non-controlling interests	21	4,469	4,444
Total comprehensive income for the period attributable to:			16,920		15,433
Owners of the parent company		12,524	11,047
Non-controlling interests		4,469	4,444
BASIC EARNING PER SHARE			16,993		15,491
(in full amount)	29
Net income per share		125.69	110.93
Net income per ADS (100 Series B shares per ADS)		12,568.87	11,093.03

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

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