XML 37 R23.htm IDEA: XBRL DOCUMENT
v3.8.0.1

LONG-TERM LOANS AND OTHER BORROWINGS | 12 Months Ended
--- | ---
Dec. 31, 2017
LONG-TERM LOANS AND OTHER BORROWINGS |
LONG-TERM LOANS AND OTHER BORROWINGS | 17. LONG-TERM LOANS AND OTHER BORROWINGS Long-term loans and other borrowings consist of the following:
|  | Notes |  | 2016 |  | 2017
Two-step loans |  | 17a |  | 1,067 |  | 892
Bonds and notes |  | 17b |  | 9,322 |  | 8,982
Bank loans |  | 17c |  | 11,929 |  | 13,894
Other borrowings |  | 17d |  | 697 |  | 1,196
Obligations under finance leases |  | 10c.xii |  | 3,352 |  | 3,010
Total |  |  |  | 26,367 |  | 27,974
Scheduled principal payments as of December 31, 2017 are as follows:
|  |  |  |  |  | Year
|  | Notes |  | Total |  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | Thereafter
Two-step loans |  | 17a |  | 892 |  | 187 |  | 187 |  | 171 |  | 135 |  | 212
Bonds and notes |  | 17b |  | 8,982 |  | — |  | 1,995 |  | — |  | 2,196 |  | 4,791
Bank loans |  | 17c |  | 13,894 |  | 4,138 |  | 3,350 |  | 2,222 |  | 1,743 |  | 2,441
Other borrowings |  | 17d |  | 1,196 |  | 199 |  | 199 |  | 199 |  | 199 |  | 400
Obligations under finance leases |  | 10c.xii |  | 3,010 |  | 744 |  | 699 |  | 668 |  | 548 |  | 351
Total |  |  |  | 27,974 |  | 5,268 |  | 6,430 |  | 3,260 |  | 4,821 |  | 8,195
a. Two-step loans Two-step loans are unsecured loans obtained by the Government from overseas banks which are then re-loaned to the Company. Loans obtained up to July 1994 are payable in rupiah based on the exchange rate at the date of drawdown. Loans obtained after July 1994 are payable in their original currencies and any resulting foreign exchange gain or loss is borne by the Company.
|  |  |  | 2016 |  | 2017
|  |  |  | Outstanding |  | Outstanding
|  |  |  | Original currency |  | Rupiah |  | Original currency |  | Rupiah
Lenders |  | Currency |  | (in millions) |  | equivalent |  | (in millions) |  | equivalent
Overseas banks |  | Yen |  | 6,143 |  | 707 |  | 5,375 |  | 648
|  | US$ |  | 22 |  | 295 |  | 17 |  | 237
|  | Rp |  | — |  | 290 |  | — |  | 213
Total |  |  |  |  |  | 1,292 |  |  |  | 1,098
Current maturities (Note 16b) |  |  |  |  |  | (225) |  |  |  | (206)
Long-term portion |  |  |  |  |  | 1,067 |  |  |  | 892
|  |  |  | Principal payment |  | Interest payment |  | Interest rate per |
Lenders |  | Currency |  | schedule |  | period |  | annum |
Overseas banks |  | Yen |  | Semi-annually |  | Semi-annually |  | 2.95 | %
|  | US$ |  | Semi-annually |  | Semi-annually |  | 3.85 | %
|  | Rp |  | Semi-annually |  | Semi-annually |  | 8.25 | %
The loans were intended for the development of telecommunications infrastructure and supporting telecommunications equipment. The loans will be settled semi-annually and due on various dates through 2024. The Company had used all facilities under the two-step loans program since 2008. Under the loan covenants, the Company is required to maintain financial ratios as follows: a. projected net revenue to projected debt service ratio should exceed 1.2:1 for the two-step loans originating from Asian Development Bank (“ADB”). b. i nternal financing (earnings before depreciation and finance costs) should exceed 20% compared to annual average capital expenditures for loans originating from the ADB. As of December 31, 2017, the Company has complied with the above-mentioned ratios. Refer to Note 31 for details of related party transactions. b. Bonds and notes
|  |  |  | 2016 |  | 2017
|  |  |  | Outstanding |  | Outstanding
|  |  |  | Original currency |  | Rupiah |  | Original currency |  | Rupiah
Bonds and notes |  | Currency |  | (in millions) |  | equivalent |  | (in millions) |  | equivalent
Bonds |  |  |  |  |  |  |  |  |  |
2010 |  |  |  |  |  |  |  |  |  |
Series B |  | Rp |  | — |  | 1,995 |  | — |  | 1,995
2015 |  |  |  |  |  |  |  |  |  |
Series A |  | Rp |  | — |  | 2,200 |  | — |  | 2,200
Series B |  | Rp |  | — |  | 2,100 |  | — |  | 2,100
Series C |  | Rp |  | — |  | 1,200 |  | — |  | 1,200
Series D |  | Rp |  | — |  | 1,500 |  | — |  | 1,500
Medium Term Notes (“MTN”) |  |  |  |  |  |  |  |  |  |
GSD |  |  |  |  |  |  |  |  |  |
Series A |  | Rp |  | — |  | 220 |  | — |  | —
Series B |  | Rp |  | — |  | 120 |  | — |  | —
Promissory note |  |  |  |  |  |  |  |  |  |
PT ZTE Indonesia (“ZTE”) |  | US$ |  | 0 |  | 1 |  | — |  | —
Total |  |  |  |  |  | 9,336 |  |  |  | 8,995
Unamortized debt issuance cost |  |  |  |  |  | (13) |  |  |  | (13)
Total |  |  |  |  |  | 9,323 |  |  |  | 8,982
Current maturities (Note 16b) |  |  |  |  |  | (1) |  |  |  | —
Long-term portion |  |  |  |  |  | 9,322 |  |  |  | 8,982
(i) Bonds 2010
|  |  |  |  |  |  |  |  |  |  |  | Interest payment |  | Interest rate per |
Bonds |  | Principal |  | Issuer |  | Listed on |  | Issuance date |  | Maturity date |  | period |  | annum |
Series B |  | 1,995 |  | The Company |  | IDX |  | June 25, 2010 |  | July 6, 2020 |  | Quarterly |  | 10.20 | %
The bonds are not secured by specific security but by all of the Company’s assets, movable or non-movable, either existing or in the future (Note 10c.ix). The underwriters of the bonds are PT Bahana Securities (“Bahana”), PT Danareksa Sekuritas, and PT Mandiri Sekuritas and the trustee is Bank CIMB Niaga. The Company received the proceeds from the issuance of bonds on July 6, 2010. The funds received from the public offering of bonds net of issuance costs, were used to finance capital expenditures which consisted of wave broadband (bandwidth, softswitching, datacom, information technology and others) and infrastructure (backbone, metro network, regional metro junction, internet protocol, and satellite system) and to optimize legacy and supporting facilities (fixed wireline and wireless). As of December 31, 2017, the rating of the bonds issued by PT Pemeringkat Efek Indonesia (“Pefindo”) is idAAA (stable outlook). Based on the indenture trusts agreement, the Company is required to comply with all covenants or restrictions, including maintaining financial ratios as follows: 1. debt to equity ratio should not exceed 2:1. 2. EBITDA to finance costs ratio should not be less than 5:1. 3. debt service coverage is at least 125%. As of December 31, 2017, the Company has complied with the above-mentioned ratios. 2015
|  |  |  |  |  |  |  |  |  |  |  | Interest payment |  | Interest rate |
Bonds |  | Principal |  | Issuer |  | Listed on |  | Issuance date |  | Maturity date |  | period |  | per annum |
Series A |  | 2,200 |  | The Company |  | IDX |  | June 23, 2015 |  | June 23, 2022 |  | Quarterly |  | 9.93 | %
Series B |  | 2,100 |  | The Company |  | IDX |  | June 23, 2015 |  | June 23, 2025 |  | Quarterly |  | 10.25 | %
Series C |  | 1,200 |  | The Company |  | IDX |  | June 23, 2015 |  | June 23, 2030 |  | Quarterly |  | 10.60 | %
Series D |  | 1,500 |  | The Company |  | IDX |  | June 23, 2015 |  | June 23, 2045 |  | Quarterly |  | 11.00 | %
Total |  | 7,000 |  |  |  |  |  |  |  |  |  |  |  |  |
The bonds are secured by all of the Company’s assets, movable or non-movable, either existing or in the future (Note 10c.ix). The underwriters of the bonds are Bahana, PT Danareksa Sekuritas, PT Mandiri Sekuritas, and PT Trimegah Sekuritas and the trustee is Bank Permata. The Company received the proceeds from the issuance of bonds on June 23, 2015. The funds received from the public offering of bonds net of issuance costs, were used to finance capital expenditures which consisted of wave broadband, backbone, metro network, regional metro junction, information technology application and support, and merger and acquisition of some domestic and international entities. As of December 31, 2017, the rating of the bonds issued by Pefindo is idAAA (stable outlook). Based on the indenture trusts agreement, the Company is required to comply with all covenants or restrictions, including maintaining financial ratios as follows: 1. debt to equity ratio should not exceed 2:1. 2. EBITDA to finance costs ratio should not be less than 4:1. 3. debt service coverage is at least 125%. As of December 31, 2017, the Company has complied with the above-mentioned ratios. (ii) MTN GSD
|  |  |  |  |  |  |  |  |  | Interest payment |  | Interest rate |
Notes |  | Currency |  | Principal |  | Issuance date |  | Maturity date |  | period |  | per annum |
Series A |  | Rp |  | 220 |  | November 14, 2014 |  | November 14, 2019 |  | Semi-annually |  | 11.00 | %
Series B |  | Rp |  | 120 |  | March 6, 2015 |  | March 6, 2020 |  | Semi-annually |  | 11.00 | %
Total |  |  |  | 340 |  |  |  |  |  |  |  |  |
Based on Agreement of Issuance and Appointment of Monitoring and Insurance Agents of Medium Term Notes (MTN) PT Graha Sarana Duta Year 2014 dated November 13, 2014 as covered by notarial deed No. 30 of Arry Supratno, S.H., GSD will issue MTN with the principle amount up to Rp500 billion in series. On June 12, 2017, GSD has been fully paid for MTN series A amounted to Rp220 billion and series B amounted to Rp120 billion to PT Mandiri Sekuritas as an Arranger. (iii) Promissory notes
|  |  |  | Principal* |  |  |  | Principal payment |  | Interest payment |  | Interest rate
Supplier |  | Currency |  | (in billions) |  | Issuance date |  | schedule |  | period |  | per annum
PT Huawei a |  | US$ |  | 0.2 |  | April 30, 2013 |  | — |  | Semi-annually |  | 6 months LIBOR+1.50%
ZTE b, c |  | US$ |  | 0.1 |  | August 20, 2009 |  | February 4, 2017 |  | Semi-annually |  | 6 months LIBOR+1.50%
*In original currency a Has been fully paid on July 30, 2016 b Has been fully paid on February 4, 2017 c Based on the latest amendment on August 15, 2011 Based on Agreement of Frame Supply and Deferred Payment Arrangement between the Company, ZTE and PT Huawei, the promissory notes issued by the Company to ZTE and PT Huawei are vendor financing facilities with no collateral covering 85% of Hand-over Report (Berita Acara Serah Terima) projects with ZTE and PT Huawei. c. Bank loans
|  |  |  | 2016 |  | 2017
|  |  |  | Outstanding |  | Outstanding
|  |  |  | Original |  |  |  | Original |  |
|  |  |  | currency |  | Rupiah |  | currency |  | Rupiah
Lenders |  | Currency |  | (in millions) |  | equivalent |  | (in millions) |  | equivalent
Related parties |  |  |  |  |  |  |  |  |  |
BNI |  | Rp |  | — |  | 3,222 |  | — |  | 4,603
BRI |  | Rp |  | — |  | 1,871 |  | — |  | 2,166
Bank Mandiri |  | Rp |  | — |  | 1,232 |  | — |  | 1,126
Sub-total |  |  |  |  |  | 6,325 |  |  |  | 7,895
Third parties |  |  |  |  |  |  |  |  |  |
Syndication of banks |  | Rp |  | — |  | 3,650 |  | — |  | 2,250
The Bank of Tokyo-Mitsubishi-UFJ, Ltd. |  | Rp |  | — |  | 2,361 |  | — |  | 1,944
Bank CIMB Niaga |  | Rp |  | — |  | 1,162 |  | — |  | 1,726
PT Bank Central Asia Tbk (“BCA”) |  | Rp |  | — |  | — |  | — |  | 1,100
Sumitomo |  | Rp |  | — |  | 647 |  | — |  | 804
United Overseas Bank Limited(“UOB Singapore”) |  | US$ |  | 36 |  | 484 |  | 49 |  | 664
UOB |  | Rp |  | — |  | 500 |  | — |  | 500
ANZ |  | Rp |  | — |  | 240 |  | — |  | 440
PT Bank ICBC Indonesia ("ICBC") |  | Rp |  | — |  | — |  | — |  | 249
PT Bank DBS Indonesia |  | Rp |  | — |  | — |  | — |  | 144
Japan Bank for International Cooperation (“JBIC”) |  | US$ |  | 16 |  | 211 |  | 9 |  | 128
Exim Bank of Malaysia Berhad |  | MYR |  | — |  | — |  | 37 |  | 124
Others |  | Rp |  | — |  | 37 |  | — |  | 26
|  | MYR |  | — |  | — |  | 15 |  | 50
Sub-total |  |  |  |  |  | 9,292 |  |  |  | 10,149
Total |  |  |  |  |  | 15,617 |  |  |  | 18,044
Unamortized debt issuance cost |  |  |  |  |  | (51) |  |  |  | (40)
|  |  |  |  |  | 15,566 |  |  |  | 18,004
Current maturities (Note 16b) |  |  |  |  |  | (3,637) |  |  |  | (4,110)
Long-term portion |  |  |  |  |  | 11,929 |  |  |  | 13,894
Refer to Note 31 for details of related party transactions. Other significant information relating to bank loans as of December 31, 2017 is as follows:
|  |  |  |  |  |  |  | Current |  |  |  |  |  |  |  |
|  |  |  |  |  | Total |  | period |  | Principal |  | Interest |  |  |  |
|  |  |  |  |  | facility* |  | payment |  | payment |  | payment |  | Interest rate |  |
|  | Borrower |  | Currency |  | (in billions) |  | (in billions) |  | schedule |  | period |  | per annum |  | Security
BNI |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
March 13, 2013 h |  | Sigma |  | Rp |  | 2,100 |  | 116 |  | Monthly (2016-2022) |  | Monthly |  | 1 month JIBOR+3.00% |  | Trade receivables (Note 6) and property and equipment (Note 10)
November 20, 2013 j |  | The Company |  | Rp |  | 1,500 |  | 375 |  | Semi-annually (2015-2018) |  | Quarterly |  | 3 months JIBOR+2.00% |  | None
January 10, 2014 h |  | Sigma |  | Rp |  | 247 |  | 41 |  | Monthly (2016-2022) |  | Monthly |  | 1 month JIBOR+3.00% |  | Trade receivables (Note 6) and property and equipment (Note 10)
November 3, 2014 c |  | Telkom Infratel |  | Rp |  | 1,050 |  | 186 |  | Quarterly (2015-2019) |  | Monthly |  | 1 month JIBOR+3.35% |  | Trade receivables (Note 6)
June 10, 2015 |  | Metra |  | Rp |  | 44 |  | 15 |  | Semi-annually (2015-2018) |  | Monthly |  | 1 month JIBOR+2.95% |  | Trade receivables (Note 6) and property and equipment (Note 10)
October 12, 2015 l |  | Telkom Akses |  | Rp |  | 1,400 |  | 350 |  | Semi-annually (2016-2020) |  | Quarterly |  | 3 months JIBOR+2.50% |  | Trade receivables (Note 6), inventories (Note 7), and property and equipment (Note 10)
March 24, 2017 e,g |  | Dayamitra |  | Rp |  | 1,005 |  | - |  | Semi-annually (2019-2024) |  | Quarterly |  | 3 months JIBOR+1.85% |  | None
March 24, 2017 e |  | GSD |  | Rp |  | 150 |  | - |  | Quarterly (2019-2024) |  | Quarterly |  | 3 months JIBOR+1.85% |  | None
March 24, 2017 e |  | The Company |  | Rp |  | 650 |  | - |  | Semi-annually (2019-2024) |  | Quarterly |  | 3 months JIBOR+1.85% |  | None
November 13, 2017 |  | Telkom Akses |  | Rp |  | 400 |  | - |  | Semi-annually (2018-2022) |  | Quarterly |  | 3 months JIBOR+2.50% |  | Trade receivables (Note 6), inventories (Note 7), and property and equipment (Note 10)
BRI |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
October 30, 2013 |  | GSD |  | Rp |  | 70 |  | 10 |  | Monthly (2014-2021) |  | Monthly |  | 10.00% |  | Trade receivables (Note 6), property and equipment (Note 10) and lease agreement
October 30, 2013 |  | GSD |  | Rp |  | 34 |  | 5 |  | Monthly (2014-2021) |  | Monthly |  | 10.00% |  | Trade receivables (Note 6), property and equipment (Note 10) and lease agreement
November 20, 2013 |  | The Company |  | Rp |  | 1,500 |  | 375 |  | Semi-annually (2015-2018) |  | Quarterly |  | 3 months JIBOR+2.65% |  | None
December 18, 2015 |  | Dayamitra |  | Rp |  | 800 |  | 75 |  | Semi-annually (2017-2020) |  | Quarterly |  | 3 months JIBOR+2.70% |  | Property and equipment (Note 10)
March 24, 2017 e |  | The Company |  | Rp |  | 500 |  | - |  | Semi-annually (2019-2024) |  | Quarterly |  | 3 months JIBOR+1.85% |  | None
March 24, 2017 e |  | Dayamitra |  | Rp |  | 500 |  | - |  | Semi-annually (2019-2024) |  | Quarterly |  | 3 months JIBOR+1.85% |  | None
|  |  |  |  |  |  |  | Current |  |  |  |  |  |  |  |
|  |  |  |  |  | Total |  | period |  | Principal |  | Interest |  | Interest |  |
|  |  |  |  |  | facility* |  | payment |  | payment |  | payment |  | rate per |  |
|  | Borrower |  | Currency |  | (in billions) |  | (in billions) |  | schedule |  | period |  | annum |  | Security
Bank Mandiri |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
November 20, 2013 |  | The Company |  | Rp |  | 1,500 |  | 375 |  | Semi-annually (2015-2018) |  | Quarterly |  | 3 months JIBOR+2.65% |  | None
September 27, 2016 |  | Patrakom |  | Rp |  | 70 |  | 9 |  | Quarterly (2017-2019) |  | Monthly |  | 9.50 | % | Trade receivables (Note 6) and property and equipment (Note 10)
March 24, 2017 e |  | Dayamitra |  | Rp |  | 500 |  | - |  | Semi-annually (2019-2024) |  | Quarterly |  | 3 months JIBOR+1.85% |  | None
March 24, 2017 e |  | TII |  | Rp |  | 195 |  | - |  | Semi-annually (2019-2024) |  | Quarterly |  | 3 months JIBOR+1.85% |  | None
Syndication of banks |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
March 13, 2015 (BNI and BCA)d,k |  | The Company |  | Rp |  | 2,900 |  | 483 |  | Semi-annually (2016-2022) |  | Quarterly |  | 3 months JIBOR+2.00% |  | All assets
March 13, 2015 (BNI and BCA)d,k |  | GSD |  | Rp |  | 100 |  | 17 |  | Semi-annually (2016-2022) |  | Quarterly |  | 3 months JIBOR+2.00% |  | All assets
The Bank of Tokyo - Mitsubishi UFJ, Ltd. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
October 9, 2014 |  | Dayamitra |  | Rp |  | 600 |  | 160 |  | Quarterly (2016-2019) |  | Quarterly |  | 3 months JIBOR+2.40% |  | Trade receivables (Note 6) and property and equipment (Note 10)
March 13, 2015 d |  | Metra |  | Rp |  | 400 |  | 68 |  | Quarterly (2016-2020) |  | Quarterly |  | 3 months JIBOR+1.50% |  | None
March 13, 2015 d |  | Infomedia |  | Rp |  | 250 |  | 28 |  | Quarterly (2016-2020) |  | Quarterly |  | 3 months JIBOR+1.50% |  | None
March 13, 2015 d |  | Dayamitra |  | Rp |  | 100 |  | 17 |  | Quarterly (2016-2020) |  | Quarterly |  | 3 months JIBOR+2.15% |  | None
November 2, 2015 |  | Dayamitra |  | Rp |  | 400 |  | 80 |  | Quarterly (2017-2020) |  | Quarterly |  | 3 months JIBOR+2.60% |  | Trade receivables (Note 6) and property and equipment (Note 10)
October 3, 2016 |  | Dayamitra |  | Rp |  | 500 |  | - |  | Semi-annually (2019-2024) |  | Quarterly |  | 3 months JIBOR+2.25% |  | Property and equipment (Note 10) and lease agreement
March 30, 2017 f |  | Dayamitra |  | Rp |  | 97.5 |  | - |  | Quarterly (2018-2024) |  | Quarterly |  | 3 months JIBOR+1.50% |  | None
March 30, 2017 f |  | GSD |  | Rp |  | 202.5 |  | - |  | Quarterly (2018-2022) |  | Quarterly |  | 3 months JIBOR+1.50% |  | None
March 30, 2017 f |  | Metra |  | Rp |  | 100 |  | - |  | Quarterly (2018-2022) |  | Quarterly |  | 3 months JIBOR+1.50% |  | None
|  |  |  |  |  |  |  | Current |  |  |  |  |  |  |  |
|  |  |  |  |  | Total |  | period |  | Principal |  | Interest |  |  |  |
|  |  |  |  |  | facility* |  | payment |  | payment |  | payment |  |  |  |
|  | Borrower |  | Currency |  | (in billions) |  | (in billions) |  | schedule |  | period |  | Interest rate per annum |  | Security
Bank CIMB Niaga |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
March 31, 2011 |  | GSD |  | Rp |  | 24 |  | 3 |  | Monthly (2011-2020) |  | Monthly |  | 9.75 | % | Property and equipment (Note 10) and lease agreement
March 31, 2011 |  | GSD |  | Rp |  | 13 |  | 2 |  | Monthly (2011-2019) |  | Monthly |  | 9.75 | % | Property and equipment (Note 10) and lease agreement
September 9, 2011 |  | GSD |  | Rp |  | 41 |  | 4 |  | Monthly (2011-2021) |  | Monthly |  | 9.75 | % | Property and equipment (Note 10) and lease agreement
September 20, 2012 i |  | TLT |  | Rp |  | 1,200 |  | 13 |  | Monthly (2015-2030) |  | Quarterly |  | 3 months JIBOR+3.45% |  | Property and equipment (Note 10)
September 20, 2012 |  | TLT |  | Rp |  | 118 |  | 1 |  | Monthly (2015-2030) |  | Monthly |  | 9.00 | % | Property and equipment (Note 10)
September 20, 2012 i |  | TLT |  | Rp |  | 100 |  | 1 |  | Monthly (2017-2030) |  | Monthly |  | 3 months JIBOR+3.45% |  | Property and equipment (Note 10)
March 30, 2017 f |  | GSD |  | Rp |  | 200 |  | - |  | Quarterly (2018-2024) |  | Quarterly |  | 3 months JIBOR+1.50% |  | None
March 30, 2017 f |  | Metra |  | Rp |  | 295 |  | - |  | Quarterly (2018-2022) |  | Quarterly |  | 3 months JIBOR+1.50% |  | None
BCA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
March 30, 2017 f |  | Metra |  | Rp |  | 170 |  | - |  | Semi-annually (2018-2022) |  | Quarterly |  | 3 months JIBOR+1.50% |  | None
May 5, 2017 a |  | Telkomsel |  | Rp |  | 3,000 |  | - |  | Monthly (2017-2019) |  | Quarterly |  | 3 months JIBOR+1.00% |  | None
Sumitomo |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
March 13, 2015 d |  | Metra |  | Rp |  | 400 |  | 68 |  | Quarterly (2016-2020) |  | Quarterly |  | 3 months JIBOR+2.15% |  | None
March 13, 2015 d |  | Infomedia |  | Rp |  | 250 |  | 28 |  | Quarterly (2016-2020) |  | Quarterly |  | 3 months JIBOR+2.15% |  | None
March 13, 2015 d |  | Dayamitra |  | Rp |  | 100 |  | 17 |  | Quarterly (2016-2020) |  | Quarterly |  | 3 months JIBOR+2.15% |  | None
March 30, 2017 f |  | Dayamitra |  | Rp |  | 97.5 |  | - |  | Quarterly (2018-2022) |  | Quarterly |  | 3 months JIBOR+1.50% |  | None
March 30, 2017 f |  | GSD |  | Rp |  | 202.5 |  | - |  | Quarterly (2018-2022) |  | Quarterly |  | 3 months JIBOR+1.50% |  | None
March 30, 2017 f |  | Metra |  | Rp |  | 100 |  | - |  | Quarterly (2018-2022) |  | Quarterly |  | 3 months JIBOR+1.50% |  | None
UOB Singapore |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
September 9, 2016 |  | TII |  | US$ |  | 0.06 |  | - |  | Semi-annually (2019-2022) |  | Quarterly |  | 3 months LIBOR+1.50% |  | None
UOB |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
September 22, 2016 |  | Dayamitra |  | Rp |  | 500 |  | - |  | Semi-annually (2018-2024) |  | Quarterly |  | 3 months JIBOR+2.20% |  | Property and equipment (Note 10)
|  |  |  |  |  |  |  | Current |  |  |  |  |  |  |  |
|  |  |  |  |  | Total |  | period |  | Principal |  | Interest |  |  |  |
|  |  |  |  |  | facility* |  | payment |  | payment |  | payment |  | Interest rate |  |
|  | Borrower |  | Currency |  | (in billions) |  | (in billions) |  | schedule |  | period |  | per annum |  | Security
ANZ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
March 13, 2015 d |  | GSD |  | Rp |  | 500 |  | — |  | June 13, 2020 |  | Quarterly |  | 3 months JIBOR+2.00% |  | None
March 13, 2017 d |  | PINS |  | Rp |  | 500 |  | — |  | May 31, 2022 |  | Quarterly |  | 3 months JIBOR+2.00% |  | None
ICBC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
April 5, 2017 |  | GSD |  | Rp |  | 272 |  | 23 |  | Quarterly (2019-2024) |  | Quarterly |  | 3 months JIBOR+2.36% |  | Trade receivables (Note 6) and property and equipment (Note 10)
PT Bank DBS Indonesia |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 23, 2016 |  | Nutech |  | Rp |  | 6 |  | 1 |  | Monthly (2017-2021) |  | Monthly |  | 13.00 | % | Trade receivables (Note 6) and property and equipment (Note 10)
March 30, 2017 f |  | Dayamitra |  | Rp |  | 100 |  | — |  | Semi-annually (2018-2022) |  | Quarterly |  | 3 months JIBOR+1.50% |  | None
March 30, 2017 f |  | Patrakom |  | Rp |  | 130 |  | — |  | Semi-annually (2018-2022) |  | Quarterly |  | 7.50 | % | None
JBIC |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
March 28, 2013 b |  | The Company |  | US$ |  | 0.03 |  | 0.006 |  | Semi-annually (2014-2019) |  | Semi-annually |  | 2.18% and 6 months LIBOR+1.20% |  | None
Exim Bank of Malaysia Berhad |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
March 23, 2016 |  | TSGN |  | MYR |  | 0.06 |  | 0.01 |  | Monthly (2016-2020) |  | Monthly |  | ECOF+1.89% |  | Trade receivables (Note 6)
As stated in the agreements, the Group is required to comply with all covenants or restrictions such as dividend distribution, obtaining new loans, and maintaining financial ratios. As of December 31, 2017, the Group has complied with all covenants or restrictions, except for certain loans. As of December 31, 2017, the Group obtained waiver from lenders to not demand the loan payment as consequence of the breach of covenants. The credit facilities were obtained by the Group for working capital purposes. * In original currency a Telkomsel has no collateral for its bank loans, or other credit facilities. The terms of the various agreements with Telkomsel’s lenders and financiers require compliance with a number of covenants and negative covenants as well as financial and other covenants, which include, among other things, certain restrictions on the amount of dividends and other profit distributions which could adversely affect Telkomsel’s capacity to comply with its obligation under the facility. The terms of the relevant agreements also contain default and cross default clauses. As of December 31, 2017, Telkomsel has complied with the above covenants. b In connection with the agreement with NEC Corporation Consortium and TE SubCom, the Company entered into a loan agreement with JBIC, for the procurement of goods and services from NEC Corporation Consortium and TE SubCom for the Southeast Asia Japan Cable System project. The facilities consist of facilities A and B amounting to US$18.8 million and US$12.5 million, respectively. c Based on the latest amendment on May 30, 2017. d On March 13, 2015, the Company, GSD, Metra, and Infomedia entered into several credit facilities agreements with Sumitomo, The Bank of Tokyo - Mitsubishi UFJ, Ltd., ANZ, and syndication of banks (BCA and BNI) amounting to Rp750 billion, Rp750 billion, Rp500 billion, and Rp3,000 billion, respectively. Based on amendment on August 2, 2016, Dayamitra and Telkom Akses are included as borrowers into Sumitomo and the Bank of Tokyo - Mitsubishi UFJ, Ltd., credit facilities agreement and excluded GSD from those agreement. Based on the latest amendment on March 13, 2017, PINS is included as one of borrower into ANZ’s credit facility agreement. In 2017, PINS drawn down the facility amounted to Rp200 billion. As of December 31, 2017, the unused facilities for Sumitomo, The Bank of Tokyo - Mitsubishi UFJ, Ltd., and ANZ amounted to Rp82.5 billion, Rp82.5 billion and Rp60 billion, respectively. e On March 24, 2017, the Company, Dayamitra, Sigma, GSD, and TII entered several credit agreements with BRI, BNI, and Bank Mandiri amounting to Rp1,000 billion, Rp1,500 billion and Rp1,500 billion, respectively. As of December 31, 2017, the unused facilities for BNI and Bank Mandiri amounted to Rp200 billion and Rp810 billion, respectively. f On March 30, 2017, The Company, GSD, Metra, Dayamitra, PINS, and Patrakom entered into several credit agreements with The Bank of Tokyo - Mitsubishi UFJ Ltd., Sumitomo, PT Bank DBS Indonesia, Bank CIMB Niaga, and BCA amounting to Rp800 billion, Rp800 billion, Rp900 billion, Rp495 billion and Rp850 billion, respectively. As of December 31, 2017, the unused facilities for The Bank of Tokyo - Mitsubishi UFJ Ltd., Sumitomo, PT Bank DBS Indonesia, Bank CIMB Niaga, and BCA amounted to Rp529 billion, Rp529 billion, Rp759 billion, Rp195 billion and Rp750 billion, respectively. g Based on the latest amendment on September 26, 2017. h Based on the latest amendment on December 21, 2017. i Based on the latest amendment on October 20, 2016. j Based on the latest amendment on April 10, 2017 k Based on the latest amendment on May 9, 2017. l Based on the latest amendment on April 7, 2017. d. Other borrowings
|  |  |  |  |  |  |  | Current |  |  |  |  |  |  |  |
|  |  |  |  |  | Total |  | period |  | Principal |  | Interest |  |  |  |
|  |  |  |  |  | facility |  | payment |  | payment |  | payment |  | Interest rate |  |
|  | Borrower |  | Currency |  | (in billions) |  | (in billions) |  | schedule |  | period |  | per annum |  | Security
PT Sarana Multi Infrastruktur |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
October 12, 2016 |  | Dayamitra |  | Rp |  | 700 |  | — |  | Semi-annually (2018-2024) |  | Quarterly |  | 3 months JIBOR+2.20% |  | Property and equipment (Note 10)
March 29, 2017 |  | Dayamitra |  | Rp |  | 600 |  | — |  | Semi-annually (2018-2024) |  | Quarterly |  | 3 months JIBOR+2.20% |  | Property and equipment (Note 10)
Under the agreement, Dayamitra is required to comply with all covenants or restrictions, including maintaining financial ratios as follows : 1. debt to equity ratio should not exceed 5:1 2. net debt to EBITDA ratio should not exceed 4:1 3. debt service coverage of at least 100%. As of December 31, 2017, Dayamitra has complied with the above-mentioned ratios. Refer to Note 31 for details of related party transactions.

X
- Definition N/A + References No definition available. + Details
Name: | tlk_DisclosureOfLongTermLoansAndOtherBorrowingsAbstract
Namespace Prefix: | tlk_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of long-term loans and other borrowings. + References No definition available. + Details
Name: | tlk_DisclosureOfLongTermLoansAndOtherBorrowingsTextBlock
Namespace Prefix: | tlk_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration