-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Ti9pvesPenMZ4qbXinStV1d2usRGg/sq0OItCM5W5/Te36drEtY13Xp2d7hM+kCH
 tyJ0ub8uZ92givlT6hVdfg==

<SEC-DOCUMENT>0001145549-03-001431.txt : 20031106
<SEC-HEADER>0001145549-03-001431.hdr.sgml : 20031106
<ACCEPTANCE-DATETIME>20031106091406
ACCESSION NUMBER:		0001145549-03-001431
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031106
FILED AS OF DATE:		20031106

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK
		CENTRAL INDEX KEY:			0001001807
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				999999999
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14406
		FILM NUMBER:		03981050
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>u92222e6vk.htm
<DESCRIPTION>PT TELEKOMUNIKASI INDONESIA
<TEXT>
<HTML>
<HEAD>
<TITLE>PT TELEKOMUNIKASI INDONESIA</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="center"><FONT size="4"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></FONT><BR>
<FONT size="3"><B>Washington, D.C. 20549</B>
</FONT>

<P align="center"><FONT size="5"><B>Form&nbsp;6-K</B>
</FONT>

<P align="center"><FONT size="3"><B>REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13 a-16 OR 15d-16<BR>UNDER THE SECURITIES EXCHANGE ACT OF 1934</B>
</FONT>

<P align="left"><FONT size="2"><B>For the month of </B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>November</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><B> , 20 <U>03</U></B>
</FONT>
<P align="center"><FONT size="6"><B>Perusahaan Perseroan (Persero)<BR>PT TELEKOMUNIKASI INDONESIA</B>
</FONT>
<HR align="center" size="1" width="80%" noshade>
<DIV align="center"><FONT size="2"><B>(Translation of registrant&#146;s name into English)</B>
</FONT></DIV>
<P align="center"><FONT size="2"><B>Jalan Japati No.&nbsp;1 Bandung-40133 INDONESIA</B>
</FONT>
<HR align="center" size="1" width="80%" noshade>
<DIV align="center"><FONT size="2"><B>(Address of principal executive office)</B>
</FONT></DIV>
<P align="left"><FONT size="2"><B>&#091;Indicate by check mark whether the registrant files or will file annual
reports under cover of Form&nbsp;20-F or Form&nbsp;40-F
&nbsp;&nbsp;&nbsp;<BR>Form&nbsp;
20-F</B></FONT> <FONT face="wingdings" size="2">&#254;</FONT> &nbsp;&nbsp;&nbsp;<FONT size="2"><B>Form&nbsp;40-F</B></FONT>
<B><FONT size="2" face="wingdings">&#111;</FONT></B>

<P align="left"><FONT size="2"><B>&#091;Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule&nbsp;12g3-2(b) under the Securities Exchange Act
of 1934<BR>Yes </B></FONT><B><FONT face="wingdings" size="2">&#111;</FONT>&nbsp;&nbsp;&nbsp; </B>
<B><FONT size="2">No&nbsp;</FONT></B>
<B><FONT face="wingdings" size="2">&#254;</FONT></B>

<P align="left"><FONT size="2"><B>&#091;If &#147;yes&#148; is marked, indicate below the file number assigned to the registrant
in connection with Rule&nbsp;12g3-2(b):</B>
</FONT>
<P align="center"><FONT size="2">&nbsp;</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">PRESS RELEASE</A></TD></TR>
</TABLE>
</CENTER>
<!-- /TOC -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>




<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="000"></A></DIV>
<P align="center"><FONT size="2"><B>SIGNATURES</B>
</FONT>

<P align="left"><FONT size="2"><B>Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on behalf by the
undersigned, thereunto duly authorized.</B>
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2"><B>Perusahaan Perseroan (Persero)<BR>
PT TELEKOMUNIKASI INDONESIA</B><BR>
</FONT><HR size="1" noshade><FONT size="2">
<B>(Registrant)</B></FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2"><B>Date</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
<B>November 6, 2003</B>
</FONT><HR size="1" noshade><FONT size="2">
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2"><B>By</B>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2"><B>/s/ Rochiman Sukarno</B><BR>
</FONT><HR size="1" noshade><FONT size="2">
<B>(Signature)</B></FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2"><B>Rochiman Sukarno</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2"><B>Head of Investor Relation Unit</B></FONT></TD>
</TR>
</TABLE>
</CENTER>

<P align="center"><FONT size="2">&nbsp;</FONT>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
\<!-- link1 "PRESS RELEASE" -->
<DIV align="left"><A NAME="001"></A></DIV>
<P align="center"><FONT size="2"><B>PRESS RELEASE<BR>
No.TEL .545</B><B>/PR000/UHI/2003</B>
</FONT>
<P align="center"><FONT size="2"><B>TELKOM 2002 AUDIT IN PROGRESS</B>
</FONT>

<P><FONT size="2"><B>Bandung, November&nbsp;6, 2003 </B>&#151; PT (PERSERO)&nbsp;Telekomunikasi Indonesia Tbk.
(&#147;TELKOM&#148;) announced today that the audit of its 2002 financial statements
being conducted by Drs.&nbsp;Hadi Sutanto &#038; Rekan &#151; PricewaterhouseCoopers (&#147;PwC&#148;)
has not been completed by the end of October 2003, as previously expected.
While substantial progress has been made in the audit, the process is taking
longer than expected primarily because TELKOM and PwC are still in the process
of determining the necessary adjustments to TELKOM&#146;s previously issued
financial statements for 2002 and because TELKOM, PwC and Hans Tuanakotta &#038;
Mustofa, a member firm of Deloitte Touche Tohmatsu (&#147;Deloitte&#148;), TELKOM&#146;s
auditor for 2001 and 2000, are engaged in discussions regarding whether and to
what extent certain matters identified by PwC will require adjustments to
TELKOM&#146;s previously issued financial statements for 2001 and 2000 in order for
PwC to issue an audit opinion on the 2002 financial statements. TELKOM expects
to be able to make available additional information regarding the progress of
discussions between TELKOM, PwC and Deloitte within the next 30&nbsp;days.
</FONT>
<P><FONT size="2">As noted in its September&nbsp;27, 2003 Press Release, TELKOM believes that it will
need to make several adjustments to its previously issued financial statements
for 2002. The adjustments to the 2002 financial statements will affect the
previously reported financial information prepared under both Indonesian and
U.S. generally accepted accounting principles. The principal adjustments are
expected to relate to the following items:
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
        <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="2%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="90%"><FONT size="2"><I>Provision for Long Service, Housing and Transport Allowances</I>.
TELKOM employees are entitled to long service awards, housing
allowances and transport and other allowances after a certain number of
years of employment. TELKOM had not previously made provision for
these liabilities. TELKOM currently expects that adjustments will need
to be made to its 2002, 2001, 2000 and prior years financial
statements.</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="2%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="90%"><FONT size="2"><I>Provision for Post-retirement Benefits &#150; Healthcare</I>. TELKOM
provides a post-retirement healthcare plan for pensioners who were
employed by TELKOM for over 20&nbsp;years. The calculation of the
liabilities associated with such post-retirement benefits is complex
and requires actuarial expertise. TELKOM is reevaluating the key
assumptions used in previous calculations, principally the medical cost
trend projections, and has retained an actuary to perform an analysis
of the liability. TELKOM currently expects, based on the results of
the analysis performed to date, that adjustments will be required to
its 2002, 2001, 2000 and prior years financial statements.</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="2%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="90%"><FONT size="2"><I>Deferred Tax</I>. TELKOM has identified the need to make certain
potential adjustments in its prior calculations of deferred taxes.
TELKOM currently expects that adjustments will need to be made to its
2002, 2001, 2000 and prior years financial statements.</FONT></TD>
</TR>
</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
        <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="2%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="90%"><FONT size="2"><I>Consolidation of Pramindo Ikat Nusantara (&#147;Pramindo&#148;)</I>. TELKOM
currently expects to make adjustments to its financial statements for
2002 to reflect the 100% consolidation of Pramindo. While TELKOM owns
less than 50% of Pramindo, it expects to make this adjustment because
it exercises control over Pramindo and retains all of the economic
interest in Pramindo.</FONT></TD>
</TR>
</TABLE>
<P><FONT size="2">In addition, subsequent to the date on which TELKOM issued its 2002 financial
statements, TELKOM settled its dispute with AriaWest. In its previously
issued financial statements for 2002, TELKOM made provisions aggregating Rp.
512&nbsp;billion relating to its dispute with AriaWest. As a result of the
settlement, and consistent with applicable accounting principles, TELKOM
currently expects to reverse the provision that it had previously made in its
2002 financial statements in respect of the AriaWest dispute.
</FONT>
<P><FONT size="2">Assuming no additional issues arise from any review or restatement of the 2001
or 2000 financial statements which would result in significant adjustments to
the 2002 financial statements, TELKOM currently expects based on the results of
the audit to date and information currently available that the likely
cumulative effect of the adjustments will be to decrease consolidated net
income after tax for 2002 by between 4% and 20% and decrease shareholders
equity for 2002 by between 3% and 5%. The cumulative effect on shareholders&#146;
equity is lower than the effect on consolidated net income in 2002. One of the
reasons for this is that certain anticipated deferred tax adjustments would
increase net income in 2001 (ignoring the effect of other adjustments we may be
required to make) and decrease net income in 2002. Because work on the audit
is still in progress and discussions between TELKOM and PwC and Deloitte are
ongoing, there can be no assurance as to the actual adjustments that may be
required to TELKOM&#146;s 2002 financial statements. Because TELKOM and Deloitte
are engaged in discussions, and as noted below will need to reach agreement
with respect to the 2001 and 2000 financial statements, TELKOM is not able
currently to predict the likely cumulative effect of adjustments to its 2001
and 2000 financial statements.
</FONT>
<P><FONT size="2">In order for PwC to issue an audit opinion on the 2002 financial statements,
TELKOM and Deloitte will need to reach agreement regarding the appropriate
treatment for certain matters identified by PwC which may require adjustments
to TELKOM&#146;s previously issued financial statements for 2001 and 2000. There
can be no assurance that TELKOM and Deloitte will be able to reach agreement
regarding these matters. If no agreement can be reached, or if there is a
significant delay in reaching agreement, TELKOM would be required to have its
financial statements for 2001 and 2000 reaudited. While it is uncertain,
TELKOM currently estimates based on discussions with PwC that a reaudit, if
necessary, would require approximately 3 to 4&nbsp;months to complete and
substantially further delay the filing by TELKOM of a 2002 annual report on
Form&nbsp;20-F that fully complies with SEC rules.
</FONT>
<P><FONT size="2">The anticipated adjustments described in this press release cannot be
conclusively identified or quantified until the audit is completed. As with
any audit, it is possible that additional issues affecting TELKOM&#146;s financial
results may arise. TELKOM will continue to work with PwC to enable completion
of its audit at the earliest possible time.
</FONT>

<P><FONT size="2">Forward-looking statements in this press release are made pursuant to the safe
harbor provisions of Section&nbsp;21E of the Securities Exchange Act of 1934, as
amended. Investors are cautioned that statements in this press release that are
not strictly historical statements, including, without limitation, statements
regarding the expected progress on the audit of the 2002 financial statements,
the expected principal adjustments to TELKOM&#146;s financial statements for 2002,
2001 and 2000, and the likelihood of and, if necessary, time required to
complete a review of the 2001 and 2000 financial statements, constitute
forward-looking statements which involve risks and uncertainties. These risks
and uncertainties include, without limitation, the possibility of further
delays in completion of the audit of the 2002 financial statements, additional
adjustments to TELKOM&#146;s financial statements for 2002, 2001 and 2000, and a
longer time period being required to complete, if necessary, a reaudit of the
2001 and 2000 financial statements.
</FONT>
<P><FONT size="2">&nbsp;
</FONT>
<P><FONT size="2">&nbsp;
</FONT>
<P><FONT size="2"><B>WOERYANTO SOERADJI</B><BR>
Corporate Secretary
</FONT>
</BODY>
</HTML>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
