Perusahaan Perseroan Persero PT Telekomunikasi Indonesia Tbk : Financial Statements (Unaudited) 2Q 2023

Perusahaan Perseroan (Persero)

PT Telekomunikasi Indonesia Tbk. and its subsidiaries

Consolidated financial statements

as of June 30, 2023 and for the six months period then ended (unaudited)

PERUSAHAAN PERSEROAN (PERSERO)

PT TELEKOMUNIKASI INDONESIA Tbk. AND ITS SUBSIDIARIES

CONSOLIDATED FINANCIAL STATEMENTS

AS OF JUNE 30, 2023 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	6-111

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 June 30, 2023 (unaudited) and December 31, 2022 (audited)

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

ASSETS	Notes	June 30, 2023	December 31, 2022
CURRENT ASSETS
Cash and cash equivalents - net	3,32,37	40,521	31,947
Other current financial assets - net	4,32,37	1,402	1,349
Trade receivables - net allowance for expected
credit losses
Related parties	5,32,37	1,763	1,620
Third parties	5,37	8,388	7,014
Contract assets - net	6,32,37	2,249	2,457
Other receivables - net	37	1,419	245
Inventories - net	7	1,118	1,144
Assets held for sale	11b	6	6
Contract cost	9	697	671
Prepaid taxes	27a	2,359	1,464
Claim for tax refund	27b	3	380
Other current assets	8,32	5,965	6,760
Total Current Assets		65,890	55,057
NON-CURRENT ASSETS
Contract assets - net	6,32,37	110	34
Long-term investments	10,37	9,218	8,653
Contract cost	9	1,973	1,741
Property and equipment	11,32,35a	175,471	173,329
Right-of-use assets	12	20,673	20,336
Intangible assets	14	8,105	8,302
Deferred tax assets - net	27f	4,005	4,117
Other non-current assets	13,27,32,37	5,033	3,623
Total Non-current Assets		224,588	220,135
TOTAL ASSETS		290,478	275,192
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Trade payables
Related parties	15,32,37	533	431
Third parties	15,37	14,837	18,026
Contract liabilities	17a,32	7,189	6,295
Other payables	37	16,075	463
Taxes payable	27c	5,563	5,372
Accrued expenses	16,32,37	13,717	15,445
Customer deposits	32	2,846	2,382
Short-term bank loans	18a,32,37	15,129	8,191
Current maturities of long-term
loans and other borrowings	18b,32,37	14,226	8,858
Current maturities of lease liabilities	12,37	5,235	4,925
Total Current Liabilities		95,350	70,388
NON-CURRENT LIABILITIES
Deferred tax liabilities - net	27f	1,029	1,023
Contract liabilities	17b,32	1,464	1,561
Long service award provisions	31	1,111	1,031
Pension benefits and other post-employment
benefits obligations	30	11,142	10,272
Long-term loans and other borrowings	19,32,37	26,503	27,331
Lease liabilities	12,37	13,257	13,736
Other liabilities		271	588
Total Non-current Liabilites		54,777	55,542
TOTAL LIABILITIES		150,127	125,930
EQUITY
Capital stock	21	4,953	4,953
Additional paid-in capital		2,711	2,711
Other equity	22	9,558	9,697
Retained earnings
Appropriated	29	15,337	15,337
Unappropriated		91,286	96,560
Net equity attributable to:
Owners of the parent company		123,845	129,258
Non-controlling interest	20	16,506	20,004
TOTAL EQUITY		140,351	149,262
TOTAL LIABILITIES AND EQUITY		290,478	275,192

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, 2023 and 2022 (unaudited)

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

	Notes	2023	2022
REVENUES	23,32	73,478	71,983
COST AND EXPENSES
Operation, maintenance, and telecommunication
service expenses	25,32	(19,170)	(17,847)
Depreciation and amortization expenses	11,12,14	(15,948)	(16,986)
Personnel expenses	24	(7,844)	(7,526)
General and administrative expenses	26,32	(3,331)	(2,820)
Interconnection expenses	32	(3,093)	(2,647)
Marketing expenses	32	(1,656)	(1,696)
Unrealized gain on changes in fair value of investments	10	412	294
Other income - net		283	57
(loss) gain on foreign exchange - net		(112)	124
OPERATING PROFIT		23,019	22,936
Finance income	32	526	441
Finance cost	32	(2,245)	(1,953)
Share of profit of long-term investment in associates	10	2	5
PROFIT BEFORE INCOME TAX		21,302	21,429
INCOME TAX (EXPENSE) BENEFIT	27d
Current		(4,106)	(4,611)
Deferred		(375)	737
		(4,481)	(3,874)
PROFIT FOR THE PERIOD		16,821	17,555
OTHER COMPREHENSIVE INCOME (LOSS)
Other comprehensive income (loss) to be reclassified to profit
or loss in subsequent periods:
Foreign currency translation	22	(139)	141
Share of other comprehensive income of
long-term investment in associates	10b	-	1
Other comprehensive income (loss) not to be reclassified to profit
or loss in subsequent periods:
Defined benefit actuarial loss - net	30	(1,428)	(1)
Other comprehensive income (loss) - net		(1,567)	141
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD		15,254	17,696
Profit for the period attributable to:
Owners of the parent company		12,756	13,310
Non-controlling interests	20	4,065	4,245
Total comprehensive income for the period attributable to:		16,821	17,555
Owners of the parent company		11,189	13,451
Non-controlling interests		4,065	4,245
BASIC EARNINGS PER SHARE		15,254	17,696
(in full amount)	28
Net income per share		128.77	134.36
Net income per ADS (100 Series B shares per ADS)		12,876.76	13,436.00

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

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