Indosat Eng 31 Des 09 Long Form
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Transcript of Indosat Eng 31 Des 09 Long Form
-
8/15/2019 Indosat Eng 31 Des 09 Long Form
1/796
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8/15/2019 Indosat Eng 31 Des 09 Long Form
2/796
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8/15/2019 Indosat Eng 31 Des 09 Long Form
3/796
These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES
CONSOLIDATED FINANCIAL STATEMENTS
WITH INDEPENDENT AUDITORS’ REPORT
YEARS ENDED DECEMBER 31, 2008 AND 2009
Tab! "# C"$%!$%&
Pa#e
Independent $uditors’ %eport
Consolidated &alance 'heets (((((((((((((((((((((((((((()))
1 * +
Consolidated 'tatements of Income ((((((((((((((((((((((((((
* -
Consolidated 'tatements of Chan#es in 'tockholders’ ./uity (((((((((((((((
0
Consolidated 'tatements of Cash lows ((((((((((((((((((((((((
! * "
otes to Consolidated inancial 'tatements (((((((((((((((((((((()
1 * 13
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4/796
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5/796
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8/15/2019 Indosat Eng 31 Des 09 Long Form
6/796
These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
D!'!(b!) 31, 2008 a$* 2009
+E-)!&&!* .$ (.."$& "# )/-.a a$* %"/&a$*& "# US *"a), !'!-% &a)! *a%a
2009
2008
2009
+N"%! 3
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8/15/2019 Indosat Eng 31 Des 09 Long Form
7/796
N"%!&
R-
R-
US
ASSETS
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8/15/2019 Indosat Eng 31 Des 09 Long Form
8/796
CURRENT ASSETS
Cash and cash e/ui4alents
2c,24,+,2
,030,!--
2,!3,"""
31,02
'hort*term in4estments * net of
allowance for decline in 4alue
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8/15/2019 Indosat Eng 31 Des 09 Long Form
9/796
of %p2,3" in 2! and 2"
2d
*
*
*
$ccounts recei4able
2e
Trade
,1
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10/796
%elated parties * net of
allowance for doubtful
accounts of %p-",+++
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11/796
in 2! and %p0,3!
in 2"
24,2
0-,0!
12,"12
13,3"
Third parties * net of allowance
for doubtful accounts of
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12/796
%p+2-,01" in 2! and
%p++,202 in 2"
1,2-+,-2!
1,23,0!
13,"3+
5thers * net of allowance
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13/796
for doubtful accounts of
%p1!,!-0 in 2! and
%p1-,++ in 2"
3a
1-,"1+
"3,2!0
-3,11-
In4entories * net of allowance for
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14/796
obsolescence of %p3,3-! in 2!
and %p1,0-" in 2"
2f
2+1,""1
112,2-
11,"+2
Deri4ati4e assets
2/,20
--,"+
22+,0+3
23,""
$d4ances
3",11
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15/796
3,103
3,0+2
Prepaid ta6es
-,13
"2,!!
!1!,32-
!0,-
Prepaid e6penses
2#,2k,2p,24,2+,
2,20p,3!
1,1",03
1,12,"1
11",-"1
5ther current assets
2c,24,2
+-,"!
3!,1
+,+!
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16/796
Total Current $ssets
",-"1,003
0,13",-20
0",3
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17/796
The accompanyin# notes form an inte#ral part of these consolidated financial statements)
1
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8/15/2019 Indosat Eng 31 Des 09 Long Form
18/796
These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
D!'!(b!) 31, 2008 a$* 2009 +'"$%.$/!*
+E-)!&&!* .$ (.."$& "# )/-.a a$* %"/&a$*& "# US *"a), !'!-% &a)! *a%a
2009
2008
2009
+N"%! 3
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19/796
N"%!&
R-
R-
US
NON4CURRENT ASSETS
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8/15/2019 Indosat Eng 31 Des 09 Long Form
20/796
Due from related parties * net of
allowance for doubtful
accounts of %p2,+1" in 2!
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21/796
and %p1,1!2 in 2"
2e,24,2
+2,+"-
0,21
0-0
Deferred ta6 assets * net
2s,13
-!,++
!,!12
",12"
In4estments in associated
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22/796
companies * net of allowance
for decline in 4alue of %p-,!-
in 2! and 2"
2h,0
0
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23/796
+22
+
5ther lon#*term in4estments * net
of allowance for decline in 4alue of
%p"","00 in 2! and 2"
2h,!
2,03
2,03
2"
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24/796
Property and e/uipment
2i,27,2o,
Cost
",1,21
-3,+0!,+11
0+,!1!,+2
0,"",+1
$ccumulated depreciation
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25/796
82+,"!,0209
83,2"1,3+9
83,222,+9
Impairment in 4alue
8"!,-119
8"!,-119
81,+"19
et
3!,3"+,03
++,+2!,!0
+,02-,+-"
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26/796
:oodwill and other
intan#ible assets * net
2l,1,3!
1,!33,3"2
1,!,!
1-!,"+
;on#*term prepaid licenses * net
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27/796
of current portion
2k,3!
1"",2!"
+-3,+"
+",31+
;on#*term recei4ables
!1,2+
--,-11
0,!-
;on#*term prepaid pension * net
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28/796
of current portion
2p,24,2+,2
1-","!-
1+0,3!
1,-0"
;on#*term ad4ances
24,11,2
+-,"3
2"+,3"1
31,31!
5thers
2c,2#,24
2
02,!22
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29/796
!2+,!-3
!0,01
Total on*current $ssets
+2,1,
+0,"1,!-
,","+2
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30/796
TOTAL ASSETS
51,693,323
55,071,78
5,855,7
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31/796
The accompanyin# notes form an inte#ral part of these consolidated financial statements)
2
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32/796
These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
D!'!(b!) 31, 2008 a$* 2009 +'"$%.$/!*
+E-)!&&!* .$ (.."$& "# )/-.a a$* %"/&a$*& "# US *"a), !'!-% &a)! *a%a
2009
2008
2009
+N"%! 3
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33/796
N"%!&
R-
R-
US
LIABILITIES AND
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34/796
STOCHOLDERS’ E:UITY
CURRENT LIABILITIES
$ccounts payable * trade
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35/796
%elated parties
24,2
12,1"
3!,-0
+,11+
Third parties
"-,-+
+"!,!-
3,-+
Procurement payable
24,12,2
-,++-,30
,2!",0!2
-2,0+3
Ta6es payable
2s,13
2-!,!"1
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36/796
1-1,!2
10,21
$ccrued e6penses
2p,24,1+,
2+,2
1,12,33
1,!3,032
1-!,+!2
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37/796
22,+-3
2,3"
Deri4ati4e liabilities
2/,20
31,!--
2,22
21,2"!
Current maturities of=
;oans payable
2m,24,1,2
02,+-"
1,++,2"
13,21"
&onds payable
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38/796
2m,1-
-,++2
2,!+,--2
32,1"!
5ther current liabilities
24,2
3!,!2-
,3
,303
Total Current ;iabilities
1,-0,2+
13,-!,122
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39/796
1,3",22-
NON4CURRENT LIABILITIES
Due to related parties
24,2
1+,-""
13,0-+
1,+-+
Deferred ta6 liabilities * net
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40/796
2s,13
1,3,1!
1,3,22
1-3,31"
;oans payable * net of current
maturities
2m,2r,1
%elated party
24,2
1,"-,1+2
2,1"2,+!"
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41/796
233,2++
Third parties
",21-,1!
1,2!,!1"
1,12,!0
&onds payable * net of current
maturities
2m,1-
1,31,-1-
!,+02,10
"1,2"
5ther non*current liabilities
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42/796
2p,24,10,
2+,2
!01,!"
"+2,-33
1,2!
Total on*current ;iabilities
23,31",1"
23,-!,!2
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43/796
2,1",-!"
TOTAL LIABILITIES
33,997,67
36,53,207
3,909,915
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44/796
MINORITY INTEREST
2b
288,938
330,593
35,169
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45/796
The accompanyin# notes form an inte#ral part of these consolidated financial statements)
3
-
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46/796
These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
D!'!(b!) 31, 2008 a$* 2009 +'"$%.$/!*
+E-)!&&!* .$ (.."$& "# )/-.a a$* %"/&a$*& "# US *"a), !'!-% &a)! *a%a
2009
2008
2009
+N"%! 3
-
8/15/2019 Indosat Eng 31 Des 09 Long Form
47/796
N"%!&
R-
R-
US
STOCHOLDERS’ E:UITY
Capital stock * %p1 par 4alue
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48/796
per $ share and & share
$uthori>ed * 1 $ share and
1",""",""",""" & shares
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49/796
Issued and fully paid * 1 $ share
and ,+33,"33,+"" & shares
1!
+3,3"3
+3,3"3
0,!!
Premium on capital stock
1!
1,+-,!0
1,+-,!0
1-+,3
Difference in transactions of e/uity
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chan#es in associated
companies?subsidiaries
2h
++,1+
++,1+
+2,""
Difference in forei#n currency
translation
2b
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51/796
13,2"1
2,3-"
22
%etained earnin#s
$ppropriated
1,-0!
11",+-+
12,0"
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TOTAL STOCHOLDERS’ E:UITY
1,709,621
1,95,690
1,910,393
TOTAL LIABILITIES AND
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53/796
STOCHOLDERS’ E:UITY
51,693,323
55,071,78
5,855,7
-
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54/796
The accompanyin# notes form an inte#ral part of these consolidated financial statements)
-
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55/796
+
-
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56/796
These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
Y!a)& E$*!* D!'!(b!) 31, 2008 a$* 2009
+E-)!&&!* .$ (.."$& "# )/-.a a$* %"/&a$*& "# US *"a), !'!-% &a)! *a%a
2009
2008
2009
-
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57/796
+N"%! 3
N"%!&
R-
R-
US3
-
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58/796
-
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59/796
@ultimedia, Data
Communication,
Internet 8A@IDIB9
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60/796
2,03,+"
2,02,"!+
2!",+--
i6ed telecommunication
1,0++,01-
1,0+3,+3
1!,+01
-
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61/796
T"%a O-!)a%.$= R!>!$/!&
18,659,133
18,393,016
1,956,07
OPERATIN; E?PENSES
2n
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62/796
Cost of ser4ices
2k,24,
2,2,2!#,3,3!
-,0,+1+
-,--,-!
0!,10
Depreciation and amorti>ation
2i,2l,",1,3!
+,,!"1
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63/796
,-1,3"
"1,-3!
Personnel
2o,2p,24
21,2+,2
1,-3!,""3
1,+1,-
1+,+21
@arketin#
-
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64/796
"1!,12+
!1-,"3+
!-,"!
:eneral and administration
24,22,2
030,+32
-"3,+30
03,00
T"%a O-!)a%.$= E-!$&!&
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65/796
13,925,857
15,180,001
1,617,897
OPERATIN; INCOME
7,33,29
3,213,015
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371,810
OTHER INCOME +E?PENSES
2n
:ain 8loss9 on forei#n
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e6chan#e * net
2/,2r,
8!!,02"9
1,--,+0
10-,213
Interest income
24,2
+-,!"
13!,"1
1+,0!2
inancin# cost
2m,24,1,1-,
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68/796
-
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8,09
$morti>ation of #oodwill
2l,1
8220,3109
823,+29
82,++9
5thers * net
-,",13
833,1-9
81,33!9
81,""39
O%!) E-!$&!& 4 N!%
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70/796
+2,708,167
+981,022
+107,367
INCOME BEFORE INCOME TA?
2,325,115
2,231,993
23,776
INCOME TA? BENEFIT
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+E?PENSE
2s,13
-
8/15/2019 Indosat Eng 31 Des 09 Long Form
72/796
Current
80",0239
8+-,"039
8+",3"9
Deferred
1",!"3
821-,2"29
823,19
-
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73/796
I$'"(! Ta E-!$&! 4 N!%
+719,830
+6,265
+2,079
-
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74/796
The accompanyin# notes form an inte#ral part of these consolidated financial statements)
-
8/15/2019 Indosat Eng 31 Des 09 Long Form
75/796
PT INDOSAT Tbk AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
Y!a)& E$*!* D!'!(b!) 31, 2008 a$* 2009 +'"$%.$/!*
+E-)!&&!* .$ (.."$& "# )/-.a a$* %"/&a$*& "# US *"a), !'!-% &a)! *a%a
2009
2008
2009
+N"%! 3
-
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76/796
N"%!&
R-
R-
US3
INCOME BEFORE MINORITY
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77/796
INTEREST IN NET INCOME OF
SUBSIDIARIES
1,",2!
1,+,02!
1-,3"0
MINORITY INTEREST IN NET
-
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INCOME OF SUBSIDIARIES
2b
82-,0-39
8-,+!39
8-,"9
NET INCOME
1,88,522
1,798,275
159,388
-
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BASIC EARNIN;S PER SHARE
2u,1!
3750
252
003
BASIC EARNIN;S
-
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80/796
PER ADS 8 & shares per $D'9
2u,1!
1,28510
-
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81/796
13,8601
17
-
8/15/2019 Indosat Eng 31 Des 09 Long Form
82/796
-
8/15/2019 Indosat Eng 31 Des 09 Long Form
83/796
The accompanyin# notes form an inte#ral part of these consolidated financial statements)
-
-
8/15/2019 Indosat Eng 31 Des 09 Long Form
84/796
These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIA CONSOLIDATED STATEMENTS OF CHAN;ES IN ST Y!a)& E$*!*D!'!(b!) 31, 2008 a$ +E-)!&&!* .$ (.."$& "# )/-.a
Ca-.%a S%"'k
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I&&/!* a$*
P)!(./( "
D!&').-%."$
N"%!&
F/@ Pa.*
Ca-.%a S%"
Baa$'! a& "# a$/a)@ 1, 2008
573,393
1,5
Increase in difference in forei#n currency translation arisin# from the translation of the financial
-
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86/796
statements of Indosat inance Company &)) and Indosat International inance
Company &)) from euro, and Indosat 'in#apore Pte) ;td) from
-
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87/796
%esolution durin# the $nnual 'tockholders’ :eneral @eetin# on une , 2!
2-
Declaration of cash di4idend
*
$ppropriation for reser4e fund
*
et income for the year
*
Baa$'! a& "# D!'!(b!) 31, 2008
-
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88/796
573,393
1,5
Decrease in difference in forei#n currency translation arisin# from the translation of the financial
statements of Indosat inance Company &)) and Indosat International inance
Company &)) from euro, and Indosat 'in#apore Pte) ;td) from
-
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89/796
Declaration of cash di4idend
*
$ppropriation for reser4e fund
*
et income for the year
*
Baa$'! a& "# D!'!(b!) 31, 2009
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90/796
573,393
1,5
-
8/15/2019 Indosat Eng 31 Des 09 Long Form
91/796
The accompanyin# notes form an inte#ral part of these consolid
0
-
8/15/2019 Indosat Eng 31 Des 09 Long Form
92/796
These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
Y!a)& E$*!* D!'!(b!) 31, 2008 a$* 2009 +E-)!&&!* .$ (.."$& "# )/-.a a$* %"/&a$*& "# US
*"a)
2009
2008
2009
+N"%! 3
-
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93/796
N"%!&
R-
R-
US
CASH FLOWS FROM OPERATIN;
-
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94/796
ACTI
-
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95/796
1!,33-,"1+
1!,+1,!"
1,"",130
Interest income
+-,2
1+-,!2-
1,-2
%efund of ta6es
-
201,321
!+,-
",
'ettlement from deri4ati4e
-
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contract
20a
!,30
*
*
Cash paid to?for=
'uppliers and others
80,""2,-"39
81,11-,1!39
81,0-,1"9
-
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inancin# cost
81,00-,"3+9
81,03,1+"9
81!+,!9
.mployees
81,0!,10+9
81,3",!109
81++,--19
Ta6es
8!"0,1-19
8!0!,1309
8"3,+1"9
;on#*term prepaid licenses
1a,2k
*
833!,+!9
83-,19
'wap cost from cross currency
-
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swap contracts
20a,20c*20p
823,"019
812,0+!9
813,3009
Interest rate swap contracts
paid
204*20ai
82,+329
8+0,019
8,0-9
-
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99/796
N!% Ca& P)">.*!* b@ O-!)a%.$=
A'%.>.%.!&
6,513,265
7,051,209
730,980
-
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100/796
CASH FLOWS FROM IN
-
8/15/2019 Indosat Eng 31 Des 09 Long Form
101/796
Di4idend income recei4ed
!
2-,3+!
2-,00+
2,!+!
Proceeds from sale of property
and e/uipment
"
1,131
2,23
2+
$c/uisitions of property and
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102/796
e/uipment
"
81,30,"329
81,-!+,-"9
81,13-,--"9
$c/uisition of intan#ible assets
1
8-,"29
81,++9
81,-9
Proceeds from sale of short*term
in4estment
-
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103/796
1,2
*
*
Purchase of in4estment in associated
company
0
809
*
*
-
8/15/2019 Indosat Eng 31 Des 09 Long Form
104/796
N!% Ca& U&!* .$ I$>!&%.$= A'%.>.%.!&
+10,286,855
+10,60,0
+1,135,181
-
8/15/2019 Indosat Eng 31 Des 09 Long Form
105/796
The accompanyin# notes form an inte#ral part of these consolidated financial statements)
!
These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH
FLOWS
Y!a)& E$*!* D!'!(b!) 31, 2008 a$* 2009 +'"$%.$/!* +E-)!&&!* .$ (.."$& "#
)/-.a a$* %"/&a$*& "# US *"a)
2008
2009
N"%!&
R-
R-
CASH
FLOWS
FROM
FINANCIN;
ACTI
-
8/15/2019 Indosat Eng 31 Des 09 Long Form
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Proceeds from lon#*term loans
1
,12-,0
3,!"2,0!-
Proceeds from bonds payable
1-
1,-,
1,,
Cash di4idend paid
2-
81,21,309
8"3",29
%epayment of lon#*term loans
1
8-,229
8-32,!1+9
'wap cost from cross currency
swap contract
20b
8-+,"9
8+,11-9
Decrease
8increase9 in
restricted
cash and cash
e/ui4alents
+,2
81!,2-9
%epayment of
bonds payable
1-
83,!2!,!209
81+,+39
-
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107/796
Cash di4idend paid by subsidiaries
to minority interest
811,32-9
8",2"19
'ettlement from deri4ati4e contract
20b
1",""
*
N!% Ca& P)">.*!* b@
F.$a$'.$=
A'%.>.%.!&
1,758,750
3,27,651
NET
DECREASE
IN CASH
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108/796
AND CASH E:UI
-
8/15/2019 Indosat Eng 31 Des 09 Long Form
109/796
2,835,999
DETAILS OF CASH AND CASH
E:UI
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8/15/2019 Indosat Eng 31 Des 09 Long Form
110/796
22+,+0
Ca& a$* 'a& !/.>a!$%& a&
&%a%!* .$ %! '"$&".*a%!*
baa$'! &!!%&
5,3,866
2,835,999
SUPPLEMEN
TAL CASH
FLOW
INFORMATIO
N
-
8/15/2019 Indosat Eng 31 Des 09 Long Form
111/796
Transactions not affectin# cash flows=
$c/uisitions of property and
e/uipment credited to=
;on#*term loans payable
1,1-,3+
023,112
;on#*term
ad4ances
1","-
1-1,02
Procurement
payable
20+,2+!
*
5ther non*
current
liabilities
+,11
*
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8/15/2019 Indosat Eng 31 Des 09 Long Form
112/796
2009 +N"%! 3
US
+1+,12-
1",0
8"","219
8-0,3219
8,009
81,"309
81,3!9
8"!!9
*
396,239
+30,962
-1,+11
80+09
301,02
200,!22
23,!!
301,02
0-,"20
10,22
*
*
-
8/15/2019 Indosat Eng 31 Des 09 Long Form
113/796
The accompanyin# notes form an inte#ral part of these consolidated financial statements)
"
-
8/15/2019 Indosat Eng 31 Des 09 Long Form
114/796
These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Y!a)& E$*!* D!'!(b!) 31, 2008 a$* 2009 +E-)!&&!* .$ (.."$& "# )/-.a a$* %"/&a$*& "# US*"a),
!'!-% &a)! a$* %a).## *a%a
;ENERAL
a C"(-a$@’& E&%ab.&(!$%
PT Indosat Tbk 8Athe CompanyB9 was established in the %epublic of Indonesia on o4ember 1, 1"-0
within the framework of the Indonesian orei#n In4estment ;aw o) 1 of 1"-0 based on the notarial deed
o) of @ohamad 'aid Tad7oedin, ')E) The deed of establishment was published in 'upplement o) 2+
of 'tate :a>ette o) 2- dated @arch 2", 1"-! of the %epublic of Indonesia) In 1"!, the Company was
sold by $merican Cable and %adio Corporation, an International Telephone F Tele#raph subsidiary, to the
:o4ernment of the %epublic of Indonesia 8Athe :o4ernmentB9 and became a 'tate*owned Company8Persero9)
5n ebruary 0, 23, the Company recei4ed the appro4al from the Capital In4estment Coordinatin# &oard
8&GP@9 in its letter o) 1+??P@$?23 for the chan#e of its le#al status from a 'tate*owned Company
8Persero9 to a orei#n Capital In4estment Company) 'ubse/uently, on @arch 21, 23, the Company
recei4ed the appro4al from the @inistry of ustice and Euman %i#hts of the %epublic of Indonesia on the
amendment of its $rticles of $ssociation to reflect the chan#e in its le#al status)
The Company’s $rticles of $ssociation has been amended from time to time) The latest amendment was
co4ered by notarial deed o) 11! dated une 11, 2" of $ulia Taufani, ')E) 8as a substitute notary of
'ut7ipto, ')E)9 as appro4ed in the 'tockholders’ :eneral @eetin# held on une 11, 2", in order to comply
with the Indonesian Capital @arket and inancial Institutions 'uper4isory $#ency 8&$P.P$@*;G9 %ule o)
IH))1 dated @ay 1+, 2! on the Principles of $rticles of $ssociation of ;imited ;iability Companies that
Conduct Public 5fferin# of ./uity 'ecurities and Public Companies) The latest amendment of the
Company’s $rticles of $ssociation has been appro4ed by and reported to the @inistry of ;aw and Euman
%i#hts of the %epublic of Indonesia based on its letters o) $E
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$ccordin# to article 3 of its $rticles of $ssociation, the Company shall en#a#e in pro4idin#
telecommunications networks and?or ser4ices as well as information technolo#y business by conductin#
the followin# acti4ities=
Pro4ision of telecommunications networks and?or ser4ices and information technolo#y ser4ices
Plannin# of ser4ices, construction of infrastructure and pro4ision of telecommunications and information
technolo#y facilities, includin# supportin# resources
Carryin# out operational ser4ices 8comprisin# the marketin# and sale of telecommunications networks
and?or ser4ices and information technolo#y ser4ices pro4ided by the Company9, maintenance, research
and de4elopment of telecommunications and information technolo#y infrastructure and?or facilities, and
pro4idin# education and trainin# 8both locally and o4erseas9
.n#a#in# in ser4ices which are rele4ant to the de4elopment of telecommunications networks and?or
ser4ices and information technolo#y
.n#a#in# in payment transactions and money transfer ser4ice throu#h telecommunications and information
technolo#y networks)
The Company started its commercial operations in 1"-")
&ased on ;aw o) 3 of 1"!" on Telecommunications and pursuant to :o4ernment %e#ulation o) 00 of
1""1, the Company had been re*confirmed as an 5peratin# &ody 8A&adan Penyelen##araB9 that pro4ided
international telecommunications ser4ice under the authority of the :o4ernment)
1
-
8/15/2019 Indosat Eng 31 Des 09 Long Form
116/796
These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Y!a)& E$*!* D!'!(b!) 31, 2008 a$* 2009 +E-)!&&!* .$ (.."$& "# )/-.a a$* %"/&a$*& "# US*"a),
!'!-% &a)! a$* %a).## *a%a
;ENERAL +'"$%.$/!*
C"(-a$@’& E&%ab.&(!$% +'"$%.$/!*
In 1""", the :o4ernment issued ;aw o) 3- on Telecommunications 8ATelecommunications ;awB9 which
took effect on 'eptember !, 2)
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5n $u#ust 1+, 2, the :o4ernment, throu#h the @inistry of Communications 8A@5CB9, #ranted the
Company an in* principle license as a nationwide Di#ital Communication 'ystem 8ADC'B9 1!
telecommunications pro4ider as compensation for the early termination effecti4e $u#ust 1, 23 of the
e6clusi4ity ri#hts on international telecommunications ser4ices #i4en to the Company prior to the #rantin#
of such license) 5n $u#ust 23, 21, the Company obtained the operatin# license from the @5C)
'ubse/uently, based on Decree o) GP)2+0 dated o4ember -, 21 issued by the @5C, the operatin#
license was transferred to the Company’s subsidiary, PT Indosat @ulti @edia @obile 8see AeB below9)
5n 'eptember 0, 2, the :o4ernment, throu#h the @5C, also #ranted the Company in*principle licenses
for local and domestic lon#*distance telecommunications ser4ices as compensation for the termination of
its e6clusi4ity ri#hts on international telecommunications ser4ices) 5n the other hand, PT Telekomunikasi
Indonesia Tbk 8ATelkomB9 was #ranted an in*principle license for international telecommunications ser4ices
as compensation for the early termination of Telkom’s ri#hts on local and domestic lon#*distance
telecommunications ser4ices)
&ased on a letter dated $u#ust 1, 22 from the @5C, the Company was #ranted an operatin# license for
fi6ed local telecommunications network co4erin# akarta and 'urabaya) This operatin# license was
con4erted to become a national license on $pril 10, 23 based on Decree o) GP)13 ear 23 of the
@5C) The 4alues of the abo4e licenses #ranted to Telkom and the Company on the termination of their
e6clusi4e ri#hts on local?domestic and international telecommunications ser4ices, respecti4ely, ha4e been
determined by an independent appraiser)
11
-
8/15/2019 Indosat Eng 31 Des 09 Long Form
118/796
These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Y!a)& E$*!* D!'!(b!) 31, 2008 a$* 2009 +E-)!&&!* .$ (.."$& "# )/-.a a$* %"/&a$*& "# US*"a),
!'!-% &a)! a$* %a).## *a%a
;ENERAL +'"$%.$/!*
a C"(-a$@’& E&%ab.&(!$% +'"$%.$/!*
The followin# are operatin# licenses obtained by the Company and its subsidiary=
P!)."* "#
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119/796
L.'!$&! N"1
Da%! I&&/!*
I&&/.$= B"*@
L.'!$&!
D!&').-%."$
GP)-"?Thn 2+
@arch 1,
@5C
.4aluated
5peratin#
license
for
nationwide
2+
e4ery years
closed
fi6ed
communications
network 8e)#), '$T, frame relay,
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etc)9
GP)23?Thn 2+
@ay 21, 2+
@5C
.4aluated
5peratin# license for fi6ed network
e4ery years
and
basic
telephony
ser4ices
which co4ers the pro4ision of local,
-
8/15/2019 Indosat Eng 31 Des 09 Long Form
121/796
national
lon#*distance,
and international lon#*
distance telephony ser4ices
1"?G.P?@)G5@I5?2?2-
ebruary 1+,
@inistry of
1 years
Determination of the winner and
and
2- and
Communications and
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operatin# license for I@T*2
2"?G.P?@)G5@I5?3?2-
@arch 20,
Information and
cellular
network
pro4ider
usin#
2-
Technolo#y
2)1 :E> radio fre/uency spectrum
8A@5CITB9
8a third #eneration JA3:BK mobile
communications technolo#y9 for 1
block 82 6 @h>9 of fre/uency 89
12?G.P?@)G5@I5?1?2-
5ctober 11,
@5CIT
.4aluated
$mended
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123/796
operatin#
license for
2-
e4ery year
nationwide
:'@
cellular
mobile
network
8includin#
its
basic
telephony ser4ices and the ri#hts
and obli#ations of 3: ser4ices9
1!1?G.P?@)G5@I5?12?2-
December 12,
@5CIT
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124/796
*
$llocation
of
two
nationwide
2-
fre/uency channels, i)e), channels
!" and -3 in the ! @E>
spectrum for ;ocal i6ed Lireless
etwork
'er4ices
with
;imited
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8/15/2019 Indosat Eng 31 Des 09 Long Form
125/796
@obility
1?DI%.?2!
anuary 0,
Directorate :eneral
.4aluated
5peratin#
license
as
internet
2!
of Post and
e4ery years
ser4ice pro4ider
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126/796
Telecommunications
8AD:PTB9
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127/796
1?DI%.?2!
anuary ",
D:PT
.4aluated
5peratin#
license
for
internet
2!
e4ery years
interconnection
ser4ices
8etwork
$ccess
Point?$P9,
which
replaces the pre4ious license #i4en
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8/15/2019 Indosat Eng 31 Des 09 Long Form
128/796
to 'atelindo
2?DI%.?2!
anuary ",
D:PT
.4aluated
5peratin#
license for
telephony
2!
e4ery years
internet
ser4ices
which
replaces
the
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8/15/2019 Indosat Eng 31 Des 09 Long Form
129/796
pre4ious
;icense
o) !23?DI%.?22
for
oice
o4er Internet Protocol 'er4ice with
national co4era#e that e6pired in
20
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130/796
230?G.P?@)G5@I5?0?2"
uly 20, 2"
@5CIT
1 years
5peratin#
license
for
APacket
'witchedB
local
fi6ed
telecommunication
network
usin#
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2)3 :E> radio fre/uency spectrum
of
&roadband
Lireless
$ccess
8&L$9 89
2-!?G.P?@)G5@I5?"?2"
'eptember 1,
@5CIT
1 years
5peratin#
license
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for
one
2"
additional block 82 6 @h>9 of
3: fre/uency 89
$s one of the winners in the selection of I@T*2 cellular pro4iders, the Company was obli#ed, amon# others, to pay upfront fee of %p32, 8otes 2k
and 309 and radio fre/uency fee 8ote 2!d9)
PT Indosat @e#a @edia was obli#ed, amon# others, to pay upfront fee of %p1!,+! 8ote 2k9 and radio fre/uency fee 8ote 2!d9)
The Company was obli#ed, amon# others, to pay upfront fee of %p32, 8ote 2k9 and radio fre/uency fee 8ote 2!d9)
12
-
8/15/2019 Indosat Eng 31 Des 09 Long Form
133/796
These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Y!a)& E$*!* D!'!(b!) 31, 2008 a$* 2009 +E-)!&&!* .$ (.."$& "# )/-.a a$* %"/&a$*& "# US*"a),
!'!-% &a)! a$* %a).## *a%a
;ENERAL +'"$%.$/!*
a C"(-a$@’& E&%ab.&(!$% +'"$%.$/!*
5n anuary ", 2!, based on letter o) 1?1+?D$'P from &ank Indonesia 8Central &ank9, the Company
obtained appro4al for “Indosat m-wallet” prepaid cards as a new means of payment) The Company was
also appointed as a special principal and technical ac/uirer for such prepaid cards) 5n o4ember 1", 2",
the Company launched “Indosat m-wallet” to the public)
5n @arch 10, 2!, @5CIT issued @inisterial Decree o) 2?P.%?@)G5@I5?2! on the :uidelines of
Construction and ation of 'harin# Telecommunication Towers) &ased on this Decree, the construction
of telecommunication towers re/uires permits from the rele4ant #o4ernmental institution and the local
#o4ernment determines the placement of the towers and the location in which the towers can be
constructed) urthermore, a telecommunication pro4ider or tower pro4ider which owns telecommunication
towers is obli#ed to allow other telecommunication operators to utili>e its telecommunication towers without
any discrimination) The Decree also mandated that each of the tower contractor, pro4ider and owner be
1M locally*owned companies)
5n @arch 3, 2", the @inistry of Domestic $ffairs, @inistry of Public Lorks, @5CIT and the Eead of
&GP@ 7ointly issued Decrees o) 1! ear 2", o) 0?P%T?@?2", o) 1"?P.%?@)G5@I5?3?" and
o) 3?P?2" on the Detailed :uidelines of Construction and ation of 'harin# Telecommunication
Towers) The Decrees define the re/uirements and procedures for tower construction) $ tower pro4ider can
be either a telecommunications operator or a non*telecommunications operator) If a tower pro4ider is a
non*telecommunications operator, it is re/uired to be a 1M locally*owned company)
The Company is domiciled at alan @edan @erdeka &arat o) 21, akarta and has ! re#ional offices
located in akarta, &andun#, 'emaran#, 'urabaya, @edan, Palemban#, &alikpapan and @akassar)
C"(-a$@’& P/b.' O##!).$=&
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$ll of the Company’s & shares ha4e been re#istered with and traded on the Indonesia 'tock .6chan#e
8new entity after the mer#er of akarta 'tock .6chan#e and 'urabaya 'tock .6chan#e in o4ember 209
since 1""+) The Company’s $merican Depositary 'hares 8$D', each representin# & shares9 ha4e also
been traded on the ew ork 'tock .6chan#e since 1""+)
$s of December 31, 2", the Companies’ outstandin# bonds issued to the public are as follows=
B"$* +N"%! 16
E##!'%.>! Da%!
R!=.&%!)!* .% a$* T)a*!* "$
1)
'econd Indosat &onds series & in ear 22
o4ember -, 22
Indonesia 'tock .6chan#e
with i6ed %ate
2)
Third Indosat &onds series & in ear 23
5ctober 22, 23
Indonesia 'tock .6chan#e
with i6ed %ate
3)
:uaranteed otes Due 21
o4ember , 23
;u6embour# 'tock .6chan#e and 'in#apore
.6chan#e 'ecurities Tradin# ;imited
+)
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ourth Indosat &onds in ear 2 with i6ed
une 21, 2
Indonesia 'tock .6chan#e
%ate
)
Indosat 'yari’ah I7arah &onds in ear 2
une 21, 2
Indonesia 'tock .6chan#e
-)
:uaranteed otes Due 212
une 22, 2
'in#apore .6chan#e 'ecurities Tradin# ;imited
0)
ifth Indosat &onds in ear 20 with i6ed
@ay 2", 20
Indonesia 'tock .6chan#e
%ates
!)
Indosat 'ukuk I7arah II in ear 20
@ay 2", 20
Indonesia 'tock .6chan#e
")
'i6th Indosat &onds in ear 2! with i6ed
$pril ", 2!
Indonesia 'tock .6chan#e
%ates
1) Indosat 'ukuk I7arah III in ear 2!
$pril ", 2!
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Indonesia 'tock .6chan#e
11) 'e4enth Indosat &onds in ear 2" with
December !, 2"
Indonesia 'tock .6chan#e
i6ed %ates
12) Indosat 'ukuk I7arah I in ear 2"
December !, 2"
Indonesia 'tock .6chan#e
13
-
8/15/2019 Indosat Eng 31 Des 09 Long Form
137/796
These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Y!a)& E$*!* D!'!(b!) 31, 2008 a$* 2009 +E-)!&&!* .$ (.."$& "# )/-.a a$* %"/&a$*& "# US*"a),
!'!-% &a)! a$* %a).## *a%a
;ENERAL +'"$%.$/!*
E(-"@!!&, D.)!'%")&, C"((.&&."$!)& a$* A/*.% C"((.%%!!
&ased on resolutions of the $nnual 'tockholders’ :eneral @eetin#s held on une , 2! and une 11,
2" which are notari>ed under Deeds o) 3 and o) 11!, respecti4ely, of $ulia Taufani, ')E) 8as a
substitute notary of 'ut7ipto, ')E)9 on the same dates and a resolution of the .6traordinary 'tockholders’
@eetin# held on $u#ust 2, 2! which is notari>ed under Deed o) 3+3 of $ulia Taufani, ')E) 8as
substitute notary of 'ut7ipto, ')E)9 on the same date, the composition of the Company’s &oard of
Commissioners and &oard of Directors as of December 31, 2! and 2", respecti4ely, is as follows8ote 3b9=
&oard of Commissioners=
2008
2009
NNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN
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138/796
President Commissioner
$bdulla @ohammed
$bdulla @ohammed
')$ $l Thani
')$ $l Thani
Commissioner
Dr) asser @ohd) $)
Dr) asser @ohd) $
@arafih
@arafih
Commissioner
%achmad :obel
%achmad :obel
Commissioner
'heikh @ohammed
-
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%ichard arnsworth
&in 'uhaim
'eney
Eamad $l Thani
Commissioner
arman
arman
Commissioner
%ionald 'ilaban
%ionald 'ilaban
Commissioner
'etyanto Prawira
'etyanto Prawira
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'antosa
'antosa
Commissioner
@ichael rancis
@ichael rancis
;atimer
;atimer
Commissioner
Thia Pen# Eeok
Thia Pen# Eeok
:eor#e
:eor#e
Commissioner
'oeprapto
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'oeprapto
Independent commissioner
&oard of Directors=
2008
2009
President Director and
Chief .6ecuti4e 5fficer
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ohnny 'wandi '7am
Earry 'ason#ko Tirtot7ondro
Deputy President Director
Gai>ad &omi Eeer7ee
*
Director and Chief inance
5fficer
Lon# Eean# Tuck
Peter Lladyslaw Guncewic>
Corporate 'er4ices Director
Lahyu Li7ayadi
*
Information Technolo#y
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Director
%oy Gannan
*
abotabek and Corporate
'ales Director
ad>ri 'entosa
*
%e#ional 'ales Director
'yakieb $hmad 'un#kar
*
@arketin# Director
:untur 'oaloon 'iboro
*
etwork Director
%aymond Tan Gim @en#
*
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Director and Chief
Commercial 5fficer
*
Gai>ad &omi Eeer7ee
Director and Chief
Technolo#y 5fficer
*
'tephen .dward Eobbs
Director and Chief Lholesale
and Infrastructure 5fficer
*
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ad>ri 'entosa
This position no lon#er e6ists startin# une 11, 2" due to the new or#ani>ational structure)
1+
-
8/15/2019 Indosat Eng 31 Des 09 Long Form
146/796
These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Y!a)& E$*!* D!'!(b!) 31, 2008 a$* 2009 +E-)!&&!* .$ (.."$& "# )/-.a a$* %"/&a$*& "# US*"a),
!'!-% &a)! a$* %a).## *a%a
;ENERAL +'"$%.$/!*
' E(-"@!!&, D.)!'%")&, C"((.&&."$!)& a$* A/*.% C"((.%%!! +'"$%.$/!*
The composition of
the Company’s $udit
Committee as of
December 31, 2! and 2"
is as follows=
2008
2009
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NNNNNNNNNNNNNNNNN
NNNNNNNN
Chairman
Thia Pen# Eeok :eor#e
Thia Pen# Eeok :eor#e
@ember
@ichael rancis ;atimer
@ichael rancis ;atimer
@ember
'oeprapto
'oeprapto
@ember
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'ubse/uently on anuary 2", 21, the &oard of Commissioner replaced @ichael rancis ;atimer with Chris Ganter effecti4e on the same date 8ote
3c9)
The Company and subsidiaries 8collecti4ely referred to hereafter as Athe CompaniesB9 ha4e appro6imately
0,0 and 0,12- employees 8unaudited9, includin# non*permanent employees, as of December 31, 2!
and 2", respecti4ely)
S%)/'%/)! "# %! C"(-a$@’& S/b&.*.a).!&
$s of December 31, 2! and 2", the Company has direct and indirect ownership in the followin#
subsidiaries=
S%a)% "#
P!)'!$%a=! "# O$!)&.- +
C"((!)'.a
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Na(! "# S/b&.*.a)@
L"'a%."$
P).$'.-a A'%.>.%@
O-!)a%."$&
2008
2009
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Indosat inance Company &))
8AI&B9829
$msterdam
inance
23
1)
1)
Indosat International inance
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Company &)) 8AII&B9839
$msterdam
inance
2
1)
1)
Indosat 'in#apore Pte) ;td) 8AI'PB9
'in#apore
Telecommunication
2
1)
1)
PT Indosat @e#a @edia 8AI@@B9
akarta
@ultimedia
21
"")!
"")!
PT 'tarone @itra Telekomunikasi
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8B'@TB9
'emaran#
Telecommunication
2-
02)+
02)+
PT $plikanusa ;intasarta
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8A;intasartaB9
akarta
Data Communication
1"!"
02)3-
02)3-
PT $rta7asa Pembayaran .lektronis
8A$P.B9 8ote 2b9
akarta
Telecommunication
2
3")!
3")!
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PT 'atelindo @ulti @edia 8A'@@B9819
akarta
@ultimedia
1"""
"")-
*
T"%a A&&!%& +B!#")! E.(.$a%."$&
Na(! "# S/b&.*.a)@
2008
2009
I&829
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2,-30,0+
2,2-1,22-
II&839
1,23,!1-
1,++,10+
I'P
21,1-0
2!,00"
I@@
0+1,!-
0+,2+
'@T
1+0,!-+
13","3
;intasarta
1,33!,01
1,+1","
$P.
133,2+1
10",-!1
'@@ 819
1,-"
*
;i/uidated on une 3, 2")
&ased on an I& shareholder’s resolution dated o4ember -, 2!, I& decided to refund capital in7ection amountin# to .
-
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156/796
1
-
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These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Y!a)& E$*!* D!'!(b!) 31, 2008 a$* 2009 +E-)!&&!* .$ (.."$& "# )/-.a a$* %"/&a$*& "# US*"a),
!'!-% &a)! a$* %a).## *a%a
;ENERAL +'"$%.$/!*
* S%)/'%/)! "# %! C"(-a$@’& S/b&.*.a).!& +'"$%.$/!*
'@T was established on une 1, 2- in 'emaran#, Central a4a by the Company, PT 'arana
Pemban#unan awa Ten#ah, PT Dawamiba .n#ineerin# and PT Trikomsel @ultimedia to en#a#e in
construction and operation of fi6ed wireless access network usin# Code Di4ision @ultiple $ccess 8CD@$9
2*16 technolo#y for Central a4a and its surroundin# areas)
&ased on an amendment dated $u#ust 23, 2- to '@T’s $rticles of $ssociation, in $u#ust 2- the
Company contributed %p,00" cash as part of the capital of '@T) '@T started its business operations in
anuary 20)
urthermore, based on the latest amendment dated $pril 2+, 20 to '@T’s $rticles of $ssociation, in @ay
20, the Company made additional cash capital in7ection amountin# to %p+",02! and in*kind contribution
of %p+,23 in the form of telecommunications e/uipment) &ased on such $rticles of $ssociation, the
Company has 1)M ownership in '@T) Eowe4er, one of the stockholders decided not to make its capital
in7ection as re/uired) $s a result, the Company’s ownership increased to )3-M) This increase wasappro4ed by '@T’s stockholders based on the minutes of a stockholders’ meetin# held on uly 3, 20)
5n o4ember 20, 2!, the Company entered into a 'ale and Purchase $#reement with PT 'arana
Pemban#unan awa Ten#ah 8A'PTB9 to purchase the 10)1!M ownership of 'PT in '@T for %p33,-!)
'uch purchase, which resulted in the reco#nition of #oodwill amountin# to %p",02+ 8ote 19, increased
the Company’s ownership in '@T from )3-M to 02)+M) 5n December 3, 2!, the Company fully paid
'PT for the purchase)
M!)=!) "# %! C"(-a$@, Sa%!.$*", B.(a=)aa a$* IM3
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&ased on @er#er Deed o) 0 dated o4ember 2, 23 8Amer#er dateB9 of Poerbanin#sih $di Larsito,
')E), the Company, PT 'atelit Palapa Indonesia 8A'atelindoB9, PT &ima#raha Telekomindo 8A&ima#rahaB9
and PT Indosat @ulti @edia @obile 8AI@3B9 a#reed to mer#e, with the Company as the sur4i4in# entity) $ll
assets and liabilities owned by 'atelindo, &ima#raha and I@3 were transferred to the Company on the
mer#er date) These three companies were dissol4ed by operation of law without the need to under#o the
re#ular li/uidation process)
The names A'atelindoB and AI@3B in the followin# notes refer to these entities before they were mer#ed withthe Company, or as the entities that entered into contractual a#reements that were taken o4er by the
Company as a result of the mer#er)
SUMMARY OF SI;NIFICANT ACCOUNTIN; POLICIES
The accountin# and reportin# policies adopted by the Companies conform with #enerally accepted
accountin# principles in Indonesia) The si#nificant accountin# policies applied consistently in the
preparation of the consolidated financial statements for the years ended December 31, 2! and 2" areas follows=
Ba&.& "# C"$&".*a%!* F.$a$'.a S%a%!(!$%&
The consolidated financial statements are presented usin# the historical cost basis of accountin#, e6cept
for in4entories which are stated at the lower of cost or net reali>able 4alue, deri4ati4e instruments which are
stated at fair 4alue and certain in4estments which are stated at fair 4alue)
1-
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159/796
These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Y!a)& E$*!* D!'!(b!) 31, 2008 a$* 2009 +E-)!&&!* .$ (.."$& "# )/-.a a$* %"/&a$*& "# US*"a),
!'!-% &a)! a$* %a).## *a%a
SUMMARY OF SI;NIFICANT ACCOUNTIN; POLICIES +'"$%.$/!*
Ba&.& "# C"$&".*a%!* F.$a$'.a S%a%!(!$%& +'"$%.$/!*
The consolidated statements of cash flows classify cash receipts and payments into operatin#, in4estin#
and financin# acti4ities) The cash flows from operatin# acti4ities are presented usin# the direct method)
The reportin# currency used in the consolidated financial statements is the Indonesian rupiah)
P).$'.-!& "# C"$&".*a%."$
The consolidated financial statements include the Company’s accounts and those of its subsidiaries 8ote
1d9)
The consolidated financial statements also include the accounts of $P. 8;intasarta’s M*owned
subsidiary9) The accounts of $P. in 2! and 2" were consolidated because its financial and operatin#
policies were controlled by ;intasarta)
The accounts of I&, II&, and I'P were translated into rupiah amounts at the middle rates of e6chan#e
pre4ailin# at balance sheet date for balance sheet accounts and the a4era#e rates durin# the year for profit
and loss accounts) The resultin# differences arisin# from the translations of the financial statements of I&,
II&, and I'P are presented as ADifference in orei#n Currency TranslationB under the 'tockholders’ ./uity
section of the consolidated balance sheets)
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@inority interest in subsidiaries represents the minority stockholders’ proportionate share in the e/uity
8includin# net income9 of the subsidiaries which are not wholly owned) $ll inter*company transactions and
balances are eliminated in consolidation)
Ca& a$* Ca& E/.>a!$%&
Time deposits with ori#inal maturities of three months or less at the time of placement and deposits on call
are considered as ACash ./ui4alentsB)
Cash in banks and time deposits which are pled#ed as collateral for bank #uarantees and time deposits
with ori#inal maturities of more than three months are not classified as part of ACash and Cash
./ui4alentsB) These are presented as part of either A5ther Current $ssetsB or Aon*current $ssets *
5thersB)
S")%4%!)( I$>!&%(!$%&
@utual fund
@utual fund, which is classified as tradin# security under 'tatement of inancial $ccountin# 'tandards
8A'$GB9 , A$ccountin# for In4estments in Certain 'ecuritiesB, is stated at its net assets 4alue at balance
sheet date) ed #ain or loss from the chan#e in net assets 4alue at balance sheet date is credited or
char#ed to current operations)
Time deposits with ori#inal maturities of more than three months at the time of placement are recorded at
historical 4alue)
A"a$'! #") D"/b%#/ A''"/$%&
$llowance for doubtful accounts is pro4ided based on mana#ementOs e4aluation of the collectibility of theaccounts at the end of the year)
10
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These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Y!a)& E$*!* D!'!(b!) 31, 2008 a$* 2009 +E-)!&&!* .$ (.."$& "# )/-.a a$* %"/&a$*& "# US*"a),
!'!-% &a)! a$* %a).## *a%a
SUMMARY OF SI;NIFICANT ACCOUNTIN; POLICIES +'"$%.$/!*
I$>!$%").!&
In4entories, which mainly consist of 'I@ cards, starter packs, pulse reload 4ouchers, broadband modems
and cellular handsets, are 4alued at the lower of cost or net reali>able 4alue) Cost is determined usin# the
wei#hted a4era#e method)
.ffecti4e anuary 1, 2", the Companies ha4e applied '$G 1+ 8%e4ised 2!9, AIn4entoriesB, which
supersedes '$G 1+ 81""+9) This re4ised '$G pro4ides #uidance on the determination of in4entory cost
and its subse/uent reco#nition as an e6pense, includin# any write*down to net reali>able 4alue, as well as
#uidance on the cost formula used to assi#n costs to in4entories) The adoption of this re4ised '$G did not
ha4e si#nificant effect to the Companies’ consolidated financial statements)
P)!-a.* E-!$&!&
Prepaid e6penses, which mainly consist of fre/uency fee, rentals, upfront premium for cross currency swap
8ote 20p9, and ad4ertisin#, are e6pensed as the related asset is utili>ed) The non*current portion of
prepaid e6penses is shown as part of Aon*current $ssets * 5thersB)
I$>!&%(!$%&
In4estments consist of=
In4estments in associated companies
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In4estments in shares of stock wherein the Companies ha4e e/uity interests of at least 2M but not
e6ceedin# M are accounted for under the e/uity method, whereby the in4estment cost is increased or
decreased by the Companies’ share of the net earnin#s or losses of the in4estees since the date of
ac/uisition and decreased by di4idends recei4ed) ./uity in net earnin#s 8losses9 is bein# ad7usted for the
strai#ht*line amorti>ation o4er fifteen years of the difference between the cost of such in4estment and the
Companies’ proportionate share in the underlyin# fair 4alue of the net assets at date of ac/uisition
8#oodwill9)
If the Companies’ share in the e/uity of an in4estee, subse/uent to transactions resultin# in a chan#e in the
e/uity of the in4estee, is different from the Companies’ share in the e/uity of the in4estee prior to such
transactions, the difference is reco#ni>ed by a credit or char#e to ADifference in Transactions of ./uity
Chan#es in $ssociated Companies?'ubsidiariesB, net of applicable income ta6, after ad7ustin# their e/uity
in the in4estee to conform with the former’s accountin# policies)
In4estments in shares of stock that do not ha4e readily determinable fair 4alue in which the e/uity interest
is less than 2M, and other lon#*term in4estments are carried at cost)
In4estments in e/uity shares that ha4e readily determinable fair 4alue in which the e/uity interest is less
than 2M and which are classified as a4ailable*for*sale, are recorded at fair 4alue, in accordance with '$G
)
P)"-!)%@ a$* E/.-(!$%
Property and e/uipment are stated at cost 8which includes certain capitali>ed borrowin# costs incurred
durin# the construction phase9, less accumulated depreciation and impairment in 4alue) Depreciation of
property and e/uipment is computed usin# the strai#ht*line method based on the estimated useful li4es of
the assets)
In accordance with '$G 1- 8%e4ised 209, the Companies ha4e chosen the cost model for the
measurement of their property and e/uipment) The Company re#rouped certain property and
1!
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These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Y!a)& E$*!* D!'!(b!) 31, 2008 a$* 2009 +E-)!&&!* .$ (.."$& "# )/-.a a$* %"/&a$*& "# US*"a),
!'!-% &a)! a$* %a).## *a%a
SUMMARY OF SI;NIFICANT ACCOUNTIN; POLICIES +'"$%.$/!*
P)"-!)%@ a$* E/.-(!$% +'"$%.$/!*
e/uipment startin# anuary 1, 2! based on its periodic re4iew and assessment of the economic useful
li4es of the assets) The remainin# useful li4es under the new #roupin#s were ad7usted accordin#ly) &elow
are the estimated useful li4es 8in years9 startin# anuary 1, 2!)
S%a)%.$=
a$/a)@ 1, 2008
&uildin#s
2
Information technolo#y e/uipment
3 to
5ffice e/uipment
3 to
&uildin# and leasehold impro4ements
3 to 1
ehicles
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Cellular technical e/uipment
1
Transmission and cross*connection e/uipment
1 to 1
i6ed Lireless $ccess 8AL$B9 technical e/uipment
1
5peration and maintenance center and
measurement unit
3 to
i6ed access network e/uipment
1
;andri#hts are stated at cost)
The cost of maintenance and repairs is char#ed to income as incurred si#nificant renewals and
betterments which enhance an asset’s condition on its initial performance, are capitali>ed) Lhen properties
are retired or otherwise disposed of, their costs and the related accumulated depreciation are dereco#ni>ed
from the accounts, and any resultin# #ains or losses are reco#ni>ed in the consolidated statement of
income for the year)
Properties under construction and installation are stated at cost) $ll borrowin# costs, which include interest,
amorti>ation of ancillary costs 8otes 1d and 1h9 and forei#n e6chan#e differentials 8estimated /uarterly
to the e6tent that they are re#arded as an ad7ustment to interest costs by cappin# the e6chan#e differences
taken as borrowin# costs at the amount of borrowin# costs on the functional currency e/ui4alent
borrowin#s9 that can be attributed to /ualifyin# assets, are capitali>ed to the cost of properties under
construction and installation) Capitali>ation of borrowin# costs ceases when the construction or installation
is completed and the constructed or installed asset is ready for its intended use)
The residual 4alues, useful li4es and methods of depreciation of property and e/uipment are re4iewed, and
ad7usted prospecti4ely, if appropriate, at each financial year end)
I(-a.)(!$% "# A&&!%&
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1"
-
8/15/2019 Indosat Eng 31 Des 09 Long Form
166/796
These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Y!a)& E$*!* D!'!(b!) 31, 2008 a$* 2009 +E-)!&&!* .$ (.."$& "# )/-.a a$* %"/&a$*& "# US*"a),
!'!-% &a)! a$* %a).## *a%a
SUMMARY OF SI;NIFICANT ACCOUNTIN; POLICIES +'"$%.$/!*
L!a&!&
.ffecti4e anuary 1, 2!, the Companies ha4e applied '$G 3 8%e4ised 209, A;easesB, which
supersedes '$G 3 81""9, A$ccountin# for ;easesB) radio fre/uency spectrum of
&roadband Lireless $ccess 8A&L$B9) The Company and I@@ were obli#ed to, amon# others, pay upfront
fee, and annual radio fre/uency fee for 1 years 8ote 2!d9)
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&ased on mana#ement’s interpretation of the conditions of the 3: and &L$ licenses and the written
confirmation from the D:PT, the licenses may be returned at any time without any financial obli#ation to
pay the remainin# outstandin# annual radio fre/uency fees 8i)e), the license arran#ement does not transfer
substantially all the risks and rewards incidental to ownership9)
$ccordin#ly, the Company and I@@ reco#ni>e the annual radio fre/uency fee as operatin# lease e6pense
amorti>ed usin# strai#ht*line method o4er the term of the ri#hts to operate the 3: and &L$ licenses)
@ana#ement e4aluates its plan to continue to use the licenses on an annual basis)
;""*. a$* O%!) I$%a$=.b! A&&!%&
$t the time the Company ac/uires a subsidiary which is not an entity under common control, any e6cess of
the ac/uisition cost o4er the Company’s interest in the fair 4alue of the subsidiary’s identifiable assets, net
of liabilities, as of ac/uisition date is reco#ni>ed as #oodwill)
$c/uisitions of minority interest in a subsidiary by the Company are accounted for usin# the parent entity
e6tension method) ed usin# the strai#ht*line method o4er 1 years)
2
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These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Y!a)& E$*!* D!'!(b!) 31, 2008 a$* 2009 +E-)!&&!* .$ (.."$& "# )/-.a a$* %"/&a$*& "# US*"a),
!'!-% &a)! a$* %a).## *a%a
SUMMARY OF SI;NIFICANT ACCOUNTIN; POLICIES +'"$%.$/!* ;""*. a$* O%!) I$%a$=.b!
A&&!%& +'"$%.$/!*
$t the time of ac/uisition of a subsidiary, any intan#ible assets reco#ni>ed are amorti>ed usin# the strai#ht*
line method based on the estimated useful li4es of the assets as follows=
Y!a)&
Customer base
*
Prepaid
-
*
Post*paid
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169/796
'pectrum license
&rand
!
'oftware that is not an inte#ral part of the related hardware is amorti>ed usin# the strai#ht*line method o4er
years)
The Company re4iews the carryin# amount of #oodwill and other intan#ible assets whene4er e4ents or
circumstances indicate that their 4alue is impaired) Impairment loss is reco#ni>ed as a char#e to currentoperations)
D!b% a$* B"$*& I&&/a$'! C"&%& a$* C"$&!$% S".'.%a%."$ F!!&
.6penses incurred in connection with the issuance of debt and bonds are deducted from the proceeds
thereof) The difference between the net proceeds and the nominal 4alue of the debt or bonds is reco#ni>ed
as premium or discount that should be amorti>ed o4er the term of the debt or bonds) Consent solicitation
fees resultin# from the amendments of certain terms under the debt facility a#reement and trusteea#reement, which are not accounted for as an e6tin#uishment, are reco#ni>ed as ad7ustment to the
carryin# amount of the debt or bonds and are amorti>ed o4er the remainin# term of the debt or bonds)
R!>!$/! a$* E-!$&! R!'"=$.%."$
Cellular
Cellular re4enues arisin# from airtime and roamin# calls are reco#ni>ed based on the duration of
successful calls made throu#h the Company’s cellular network)
or post*paid subscribers, monthly ser4ice fees are reco#ni>ed as the ser4ice is pro4ided)
or prepaid subscribers, the acti4ation component of starter packa#e sales is reco#ni>ed upon acti4ation
by end*customers) 'ales of initial?reload 4ouchers are recorded as unearned re4enue and reco#ni>ed asre4enue upon usa#e of the airtime or upon e6piration of the airtime)
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'ales of wireless broadband modems and cellular handsets are reco#ni>ed upon deli4ery to the
customers)
%e4enues from wireless broadband data communications are reco#ni>ed based on the duration of usa#e
or fi6ed monthly char#es dependin# on the arran#ement with the customers)
Cellular re4enues are presented on a net basis, after compensation to 4alue added ser4ice pro4iders)
21
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These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Y!a)& E$*!* D!'!(b!) 31, 2008 a$* 2009 +E-)!&&!* .$ (.."$& "# )/-.a a$* %"/&a$*& "# US*"a),
!'!-% &a)! a$* %a).## *a%a
SUMMARY OF SI;NIFICANT ACCOUNTIN; POLICIES +'"$%.$/!*
R!>!$/! a$* E-!$&! R!'"=$.%."$ +'"$%.$/!*
Customer Loyalty Program
The Company operates a customer loyalty pro#ram called APoin Plus PlusB, which allows customers to
accumulate points for e4ery reload and payment by the Company’s prepaid and post*paid subscribers,respecti4ely) The points can then be redeemed for free telecommunication and non*telecommunication
products, sub7ect to a minimum number of points bein# obtained)
Customer loyalty credits are accounted for as a separate component of the sales transaction in which they
are #ranted) The Company records a liability at the time of reload and payment by its prepaid and post*paid
subscribers, respecti4ely, based on the fair 4alue e6pected to be incurred to supply products in the future)
The consideration recei4ed is allocated between the cellular products sold and the points issued, with the
consideration allocated to the points e/ual to their fair 4alue) air 4alue of the points issued is deferred and
reco#ni>ed as re4enue when the points are redeemed or when the redemption period e6pires)
@ultimedia, Data Communication, Internet 8A@IDIB9
Internet
%e4enues arisin# from installation ser4ice are reco#ni>ed at the time the installations are placed in ser4ice)
%e4enues from monthly ser4ice fees are reco#ni>ed as the ser4ices are pro4ided) %e4enues from usa#echar#es are reco#ni>ed monthly based on the duration of internet usa#e or based on the fi6ed amount of
char#es dependin# on the arran#ement with the customers)
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Frame Net, orld Lin! and "irect Lin!
%e4enues arisin# from installation ser4ice are reco#ni>ed upon the completion of the installation of
e/uipment used for network connection purposes in the customers’ premises) %e4enues from monthly
ser4ice fees are reco#ni>ed as the ser4ices are pro4ided)
#atellite Lease
%e4enues are reco#ni>ed on the strai#ht*line basis o4er the lease term)
%e4enues from other @IDI ser4ices are reco#ni>ed when the ser4ices are rendered)
i6ed Telecommunication
International Calls
%e4enues from out#oin# international call traffic are reco#ni>ed on the basis of the actual recorded traffic
for the year and are reported on a net basis, after allocations to o4erseas international carriers)
Fi$ed ireless
i6ed wireless re4enues arisin# from usa#e char#es are reco#ni>ed based on the duration of successful
calls made throu#h the Company’s fi6ed network)
or post*paid subscribers, acti4ation fees are reco#ni>ed upon acti4ation of new subscribers in the
Company’s fi6ed network while monthly ser4ice fees are reco#ni>ed as the ser4ice is pro4ided)
or prepaid subscribers, the acti4ation component of starter packa#e sales is reco#ni>ed upon acti4ation
by end*customers) 'ale of initial?reload 4ouchers is recorded as unearned income and reco#ni>ed as
income upon usa#e of the airtime or upon e6piration of the airtime)
22
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These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Y!a)& E$*!* D!'!(b!) 31, 2008 a$* 2009 +E-)!&&!* .$ (.."$& "# )/-.a a$* %"/&a$*& "# US*"a),
!'!-% &a)! a$* %a).## *a%a
2 SUMMARY OF SI;NIFICANT ACCOUNTIN; POLICIES +'"$%.$/!*
R!>!$/! a$* E-!$&! R!'"=$.%."$ +'"$%.$/!*
i6ed Telecommunication 8continued9
Fi$ed Line
%e4enues from fi6ed line installations are reco#ni>ed at the time the installations are placed in ser4ice)
%e4enues from usa#e char#es are reco#ni>ed based on the duration of successful calls made throu#h the
Company’s fi6ed network)
Interconnection %e4enue
%e4enues from network interconnection with other domestic and international telecommunications carriers
are reco#ni>ed monthly on the basis of the actual recorded traffic for the month)
5peratin# re4enues for interconnection ser4ices under interconnection a#reements based on re4enue*
sharin# arran#ement 8ote 319 are reported on a net basis, after interconnection e6penses?char#es)
5peratin# re4enues for interconnections that are not made under contractual sharin# a#reements, i)e),
based on tariff as stipulated by the :o4ernment 8ote 39, are reported on a #ross basis, before
interconnection e6penses?char#es 8ote 29) These interconnection e6penses?char#es are accounted for
as operatin# e6penses in the year these are incurred)
.6penses
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.6penses are reco#ni>ed when incurred)
P!)&"$$! C"&%&
Personnel costs which are directly related to the de4elopment, construction and installation of property and
e/uipment are capitali>ed as part of the cost of such assets)
P!$&."$ Pa$ a$* E(-"@!! B!$!#.%&
Pension costs under the Companies’ defined benefit pension plans are determined by periodic actuarial
calculation usin# the pro7ected*unit*credit method and applyin# the assumptions on discount rate, e6pected
return on plan assets and annual rate of increase in compensation) $ctuarial #ains or losses are
reco#ni>ed as income or e6pense when the net cumulati4e unreco#ni>ed actuarial #ains or losses for each
indi4idual plan at the end of the pre4ious reportin# year e6ceed 1M of the present 4alue of the defined
benefit obli#ation or fair 4alue of plan assets, whiche4er is #reater, at that date) These #ains or losses in
e6cess of the 1M corridor are reco#ni>ed on a strai#ht*line basis o4er the e6pected a4era#e remainin#
workin# li4es of the employees) Past ser4ice cost is reco#ni>ed o4er the estimated a4era#e remainin#
ser4ice periods of the employees)
The Companies follow '$G 2+ 8%e4ised 2+9, A.mployee &enefitsB, which re#ulates the accountin# and
disclosure for employee benefits, both short*term 8e)#), paid annual lea4e, paid sick lea4e9 and lon#*term
8e)#), lon#*ser4ice lea4e, post*employment medical benefits9)
23
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These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Y!a)& E$*!* D!'!(b!) 31, 2008 a$* 2009 +E-)!&&!* .$ (.."$& "# )/-.a a$* %"/&a$*& "# US*"a),
!'!-% &a)! a$* %a).## *a%a
SUMMARY OF SI;NIFICANT ACCOUNTIN; POLICIES +'"$%.$/!*
D!).>a%.>!&
The Company enters into and en#a#es in cross currency swap, interest rate swap and currency forward
contracts?transactions for the purpose of mana#in# its forei#n e6chan#e and interest rate e6posures
emanatin# from the Company’s loans and bonds payable in forei#n currencies)
The Company applies '$G 8%e4ised 1"""9, A$ccountin# for Deri4ati4e Instruments and Eed#in#
$cti4itiesB) '$G 8%e4ised 1"""9 sets forth the accountin# and reportin# standards for deri4ati4e
transactions and hed#in# acti4ities, which re/uire that e4ery deri4ati4e instrument 8includin# embedded
deri4ati4es9 be reco#ni>ed as either asset or liability based on the fair 4alue of each contract) air 4alue is a
computation of present 4alue by usin# data and assumptions which are commonly used) &ased on the
specific re/uirements for hed#e accountin# under '$G 8%e4ised 1"""9, the Company’s instruments do
not /ualify and are not desi#nated as hed#e acti4ities for accountin# purposes) The chan#es in the fair
4alue of such deri4ati4e instruments are recorded directly as a char#e or credit to current operations)
Deri4ati4e assets and liabilities are presented under current assets and liabilities, respecti4ely) .mbeddedderi4ati4e is presented with the host contract on the balance sheet which represents an appropriate
presentation of o4erall future cash flows for the instrument taken as a whole)
The net chan#es in fair 4alue of deri4ati4e instruments, swap income or cost, termination income or cost,
and settlement of deri4ati4e instruments are credited 8char#ed9 to A:ain 8;oss9 on Chan#e in air alue of
Deri4ati4es * etB, which is presented under 5ther Income 8.6penses9 in the consolidated statements of
income)
F")!.=$ C/))!$'@ T)a$&a'%."$& a$* Baa$'!&
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Transactions in4ol4in# forei#n currencies are recorded at the rates of e6chan#e pre4ailin# at the time the
transactions are made) $t balance sheet date, monetary assets and liabilities denominated in forei#n
currencies are ad7usted to reflect the pre4ailin# e6chan#e rates at such date and the resultin# #ains or
losses are credited or char#ed to current operations, e6cept for forei#n e6chan#e differentials that can be
attributed to /ualifyin# assets which are capitali>ed to assets under construction and installation)
or December 31, 2! and 2", the forei#n e6chan#e rates used 8in full amounts9 were %p1," and
%p",+, respecti4ely, per
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These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Y!a)& E$*!* D!'!(b!) 31, 2008 a$* 2009 +E-)!&&!* .$ (.."$& "# )/-.a a$* %"/&a$*& "# US*"a),
!'!-% &a)! a$* %a).## *a%a
SUMMARY OF SI;NIFICANT ACCOUNTIN; POLICIES +'"$%.$/!*
I$'"(! Ta +'"$%.$/!*
$mendment to ta6 obli#ations is recorded when an assessment is recei4ed or, if appealed, when the result
of the appeal is determined)
or each of the consolidated entities, the ta6 effects of temporary differences and ta6 loss carryo4er, whichindi4idually are either assets or liabilities, are shown at the applicable net amounts)
S!=(!$% R!-")%.$=
The Companies follow '$G 8%e4ised 29, A'e#ment %eportin#B, in the presentation of se#ment
reportin# in their financial statements) '$G 8%e4ised 29 pro4ides more detailed #uidance for
identifyin# reportable business se#ments and #eo#raphical se#ments) The financial information which is
used by mana#ement for e4aluatin# the se#ment performance is presented in ote 33)
Ba&.' Ea)$.$=& -!) Sa)! ADS
In accordance with '$G -, A.arnin#s per 'hareB, the amount of basic earnin#s per share is computed by
di4idin# net income by the wei#hted*a4era#e number of shares outstandin# durin# the year)
The amount of basic earnin#s per $D' is computed by multiplyin# basic earnin#s per share by , which is
e/ual to the number of shares per $D')
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T)a$&a'%."$& .% R!a%!* Pa)%.!&
The Companies account for transactions with related parties as described in '$G 0, ATransactions with
%elated PartiesB)
The details of the accounts and the si#nificant transactions entered into with related parties are presentedin ote 2)
U&! "# E&%.(a%!&
The preparation of consolidated financial statements in conformity with #enerally accepted accountin#
principles re/uires the mana#ement to make estimates and assumptions that affect the reported amounts
of assets and liabilities and disclosure of contin#ent assets and liabilities at the date of the financial
statements and the reported amounts of re4enues and e6penses durin# the reportin# period) $ctual resultscould differ from those estimates)
TRANSLATIONS OF RUPIAH INTO UNITED STATES DOLLAR
The consolidated financial statements are stated in rupiah) The translations of the rupiah into
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These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Y!a)& E$*!* D!'!(b!) 31, 2008 a$* 2009 +E-)!&&!* .$ (.."$& "# )/-.a a$* %"/&a$*& "# US*"a),
!'!-% &a)! a$* %a).## *a%a
7 CASH AND CASH E:UI
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%upiah
1,1!
1,!1
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%elated parties 8ote 29
%upiah
PT &ank @andiri 8Persero9 Tbk 8A@andiriB9
1,+!
2!,0
PT &ank e#ara Indonesia 8Persero9 Tbk 8A&IB9
2,3"!
1,!00
PT &ank Pemban#unan Daerah DGI akarta
+,1!
+,-2
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8/15/2019 Indosat Eng 31 Des 09 Long Form
182/796
PT &ank 'yariah @andiri 8A@andiri 'yariahB9
1,0!-
2,31
PT &ank Pemban#unan Daerah o#yakarta 8A&PD * DIB9
1,10
!"-
5thers 8each below %p1,9
3,3+!
3,2-+
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183/796
%upiah
PT &ank Central $sia Tbk 8A&C$B9
0,!+
11,"--
PT CI@& ia#a Tbk 8formerly PT &ank ia#a Tbk9
8ACI@& ia#aB9
1,2-+
1,01
Citibank )$), akarta &ranch 8ACitibankA9
1,1!!
3,12
Deutsche &ank $:, akarta &ranch 8AD&B9
",00+
1,3-
The Eon#kon# and 'han#hai &ankin# Corporation
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;imited, akarta &ranch 8AE'&CB9
",02
+!
5thers 8each below %p,9
11,"+3
11,--"
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8/15/2019 Indosat Eng 31 Des 09 Long Form
185/796
-
8/15/2019 Indosat Eng 31 Des 09 Long Form
186/796
2-
-
8/15/2019 Indosat Eng 31 Des 09 Long Form
187/796
These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Y!a)& E$*!* D!'!(b!) 31, 2008 a$* 2009 +E-)!&&!* .$ (.."$& "# )/-.a a$* %"/&a$*& "# US*"a),
!'!-% &a)! a$* %a).## *a%a
7 CASH AND CASH E:UI
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%elated parties 8ote 29
%upiah
@andiri
---,!"
1,30","
&I
0,3"
1",!2
&%I
1-,
101,
PT &ank Tabun#an e#ara 8Persero9 8A&TB9
-",+
110,
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189/796
@andiri 'yariah
21,
1,
PT &ank Pemban#unan Daerah awa Ten#ah
1,
3,
&PD*DI
1,
1,
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190/796
%upiah
PT &ank @uamalat Indonesia Tbk 8A@uamalatB9
-1,
12,
PT &ank D&' Indonesia 8AD&'B9
1,
1,
CI@& ia#a
13,
!1,
D&
3,1"!
+,2"
PT &ank Danamon Indonesia Tbk 8ADanamonB9
0",3
22,!
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191/796
PT &ank &ukopin Tbk
22,2
1!,"
PT &ank Tabun#an Pensiunan asional Tbk
1-,
1!,
PT &ank 'yariah @e#a Indonesia
+,
,2
PT &ank @e#a Tbk
*
3,
&ank Permata 'yariah
,
2,
PT &ank Internasional Indonesia Tbk
*
2,
&C$
,2!!
*
5thers
,"!1
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192/796
2,
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,+-",3"
2,-11,2"
T"%a
5,3,866
2,835,999
no lon#er a related party since une -, 2! 8ote 1!9
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8/15/2019 Indosat Eng 31 Des 09 Long Form
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Time deposits and deposits on call denominated in rupiah earned interest at annual rates ran#in# from
1)2M to 1+)M in 2! and from 2)M to 1+)M in 2", while those denominated in
-
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These consolidated financial statements are originally issued in Indonesian language.
PT INDOSAT Tbk AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Y!a)& E$*!* D!'!(b!) 31, 2008 a$* 2009 +E-)!&&!* .$ (.."$& "# )/-.a a$* %"/&a$*& "# US*"a),
!'!-% &a)! a$* %a).## *a%a
5 ACCOUNTS RECEI
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196/796
Telkom 8includin#
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;ess allowance for doubtful accounts
-",+++
0,3!
et
6,08
125,912
Third parties
54erseas international carriers 8
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and
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i6ed wireless
11,-+0
1+,013
Total
1,-"1,3+0
1,-3,0
;ess allowance for doubtful accounts
+2-,01"
++,202
et
1,267,628
1,230,85
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200/796
T"%a
1,370,06
1,356,69
The a#in# schedule of the accounts recei4able * trade is as follows=
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2008
2009
N/(b!) "#
P!)'!$%a=!
P!)'!$%a=!
M"$%& O/%&%a$*.$=
A("/$%
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+
A("/$%
+
R!a%!* -a)%.!&
* - months
!2,+"
-)-"
121,22
--)2+
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203/796
0
* 12 months
1,1""
0)1
20,20
1+)!3