LONG-TERM LOANS AND OTHER BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2018

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings


	Notes	2017	2018
Two-step loans	19a	892	751
Bonds and notes	19b	8,982	9,956
Bank loans	19c	13,894	18,748
Other borrowings	19d	1,196	1,950
Obligations under finance leases	12c.xii	3,010	2,338
Total		27,974	33,743

Schedule of principal payments


			Year
	Notes	Total	2020	2021	2022	2023	Thereafter
Two-step loans	19a	751	198	181	144	127	101
Bonds and notes	19b	9,956	2,490	477	2,197	—	4,792
Bank loans	19c	18,748	7,648	3,051	2,577	2,813	2,659
Other borrowings	19d	1,950	404	405	405	415	321
Obligations under finance leases	12c.xii	2,338	768	670	549	233	118
Total		33,743	11,508	4,784	5,872	3,588	7,991

Two-step loans

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings


		2017		2018
		Outstanding		Outstanding
		Original currency	Rupiah	Original currency	Rupiah
Lenders	Currency	(in millions)	equivalent	(in millions)	equivalent
Overseas banks	Yen	5,375	648	4,607	602
	US$	17	237	13	188
	Rp	—	213	—	159
Total			1,098		949
Current maturities (Note 18b)			(206)		(198)
Long-term portion			892		751

Schedule of long-term loans and other borrowings, other significant information


		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	7.50	%

Bonds and notes

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings


		2017		2018
		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”)
MTN I Telkom 2018
Series A	Rp	—	—	—	262
Series B	Rp	—	—	—	200
Series C	Rp	—	—	—	296
MTN Syariah Ijarah I Telkom 2018
Series A	Rp	—	—	—	264
Series B	Rp	—	—	—	296
Series C	Rp	—	—	—	182
Total			8,995		10,495
Unamortized debt issuance cost			(13)		(14)
Total			8,982		10,481
Current maturities (Note 18b)			—		(525)
Long-term portion			8,982		9,956

2010 - Series B Bonds

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings, other significant information

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

2015 Bonds

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings, other significant information

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

MTN I Telkom 2018

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings, other significant information

Interest payment

Interest rate

Notes

Currency

Principal

Issuance date

Maturity date

period

per annum

Security

Series A

262

September 4, 2018

September 14, 2019

Quarterly

7.25

All assets

Series B

200

September 4, 2018

September 4, 2020

Quarterly

8.00

All assets

Series C

296

September 4, 2018

September 4, 2021

Quarterly

8.35

All assets

758

MTN - Syariah Ijarah I Telkom 2018

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings, other significant information

Annual

Maturity

Return

return

Notes

Currency

Principal

Issuance date

date

period

payment

Security

Series A

264

September 4, 2018

September 14, 2019

Quarterly

The Right to benefit of ijarah objects

Series B

296

September 4, 2018

September 4, 2020

Quarterly

The Right to benefit of ijarah objects

Series C

182

September 4, 2018

September 4, 2021

Quarterly

The Right to benefit of ijarah objects

742

Bank loans

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings


		2017		2018
		Outstanding		Outstanding
		Original		Original
		currency	Rupiah	currency	Rupiah
Lenders	Currency	(in millions)	equivalent	(in millions)	equivalent
Related parties
BNI	Rp	—	4,603	—	6,826
Bank Mandiri	Rp	—	1,126	—	4,546
BRI	Rp	—	2,166	—	1,248
Sub-total			7,895		12,620
Third parties
MUFG Bank	Rp	—	1,944	—	3,011
	US$	—	—	10	144
Syndication of banks	Rp	—	2,250	—	1,750
	US$	—	—	37	532
Citibank	Rp	—	—	—	1,000
PT Bank Central Asia Tbk (“BCA”)	Rp	—	1,100	—	740
UOB Singapore	US$	49	664	49	710
Sumitomo	Rp	—	804	—	661
Bank CIMB Niaga	Rp	—	1,726	—	462
ANZ	Rp	—	440	—	440
UOB	Rp	—	500	—	428
DBS	Rp	—	144	—	379
PT Bank ICBC Indonesia ("ICBC")	Rp	—	249	—	204
Exim Bank of Malaysia Berhad	MYR	37	124	23	81
Japan Bank for International Cooperation (“JBIC”)	US$	9	128	3	45
Others	Rp	—	26	—	33
	MYR	15	50	13	46
Sub-total			10,149		10,666
Total			18,044		23,286
Unamortized debt issuance cost			(40)		(61)
Gain on debt restructuring			—		(5)
			18,004		23,220
Current maturities (Note 18b)			(4,110)		(4,472)
Long-term portion			13,894		18,748

Schedule of long-term loans and other borrowings, other significant information

Current

Total

period

Principal

Interest

facility

payment

Interest rate

Borrower

Currency

(in billions)*

schedule

period

per annum

Security

BNI

2018

GSD

182

2018 - 2021

Monthly

8.75%

Trade receivables (Note 6)

2013 - 2018

The Company, Telkomsela, GSD, TLT, Sigma, Dayamitra, Telkom Infratel, Telkom Akses

9,892

671

2016 - 2033

Monthly,
Quarterly

1 month JIBOR + 2.20% - 3.00%,
3 months JIBOR + 1.50% - 2.50%

Trade receivables (Note 6), Inventory (Note 8) and Property and equipment (Note 12)

Bank Mandiri

2016 - 2018

The Company, Telkomsela,c, Balebat, Telkomsat

8,750

4,035

2017 - 2024

Monthly,
Quarterly

8.50%, 8.75%,
9.00%, 9.50%

Trade receivables (Note 6), Inventory (Note 8) and Property and equipment (Note 12)

2017

GSD, TII, Dayamitra

845

—

2019 - 2024

Quarterly

3 months JIBOR + 1.85%

None

BRI

2013

GSD

103

2014 - 2021

Monthly

10.00%

Trade receivables (Note 6), Property and equipment (Note 12) and lease agreement

2017 - 2018

The Company, Dayamitra

1,200

—

2019 - 2025

Quarterly

3 months JIBOR + 1.85%

None


MUFG Bank
2015 - 2018	GSD, Metra, Infomedia, Dayamitra	Rp	3,950	194	2016 - 2025	Quarterly	3 months JIBOR + 1.43% - 2.25%	Property and equipment (Note 12) and lease agreement
2018	TII	US$	0.01	—	2019 - 2023	Quarterly	3 months LIBOR + 1.25%	None
Syndication of Banks
2015	The Company, GSD	Rp	3,000	500	2016 - 2022	Quarterly	3 months JIBOR + 2.00%	All Assets
2018	TII	US$	0.09	—	2020 - 2024	Semi-annually	6 months LIBOR + 1.25%	None
Citibank
2018	The Company	Rp	1,000	—	2019 - 2020	Quarterly	8.50%	None

Current

Total

period

Principal

Interest

facility

payment

Borrower

Currency

(in billions)*

schedule

period

Interest rate per annum

Security

BCA

2017 - 2018

Metra, Dayamitra, Telkom Infratel

870

2018 - 2025

Quarterly

3 months JIBOR + 1.50% - 1.85%

Property and equipment (Note 12)

UOB Singapore

2016

TII

US$

0.06

—

2019 - 2024

Monthly

1 month LIBOR + 1.25%

None

Sumitomo

2015 - 2017

GSD, Metra, Infomedia, Dayamitra

1,150

194

2016 - 2022

Quarterly

3 months JIBOR + 1.50% - 2.15%

None

Bank CIMB Niaga

2011

GSD

2011 - 2021

Monthly

9.75%

Property and equipment (Note 12) and lease agreement

2017

GSD, Metra

495

2018 - 2023

Quarterly

3 months JIBOR + 1.50%

None


ANZ
2015 – 2017	GSD, PINS	Rp	750	—	2020 - 2022	Quarterly	3 months JIBOR + 2.00%	Property and equipment (Note 12)
UOB
2016	Dayamitra	Rp	500	71	2018 - 2024	Quarterly	3 months JIBOR + 2.20%	Property and equipment (Note 12)
DBS
2016 - 2017	Nutech, Telkomsat	Rp	136	17	2017 - 2022	Monthly, Quarterly	9.17%, 11.00%	Trade receivables (Note 6) and Property and equipment (Note 12)
2017	PINS, Dayamitra	Rp	400	38	2018 - 2022	Quarterly	3 months JIBOR + 1.50%	None
ICBC
2017	GSD	Rp	272	45	2017 - 2023	Quarterly	3 months JIBOR + 2.36%	Trade receivables (Note 6) and Property and equipment (Note 12)
Exim Bank of Malaysia Berhard
2016	TII	MYR	0.06	0.014	2017 - 2020	Monthly	ECOF + 1.89%	None
JBICb
2013	The Company	US$	0.03	0.004	2014 - 2019	Semi-annually	2.18%	None
2013	The Company	US$	0.03	0.003	2014 - 2019	Semi-annually	6 months LIBOR + 1.20%	None

* 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, 2018 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 December 11, 2018.

Other borrowings

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings


		Outstanding
Lenders	Currency	2017	2018
PT Sarana Multi Infrastruktur	Rp	1,300	2,250
Unamortized debt issuance cost		(5)	(6)
Total		1,295	2,244
Current maturities (Note 18b)		(99)	(294)
Long-term portion		1,196	1,950

Dayamitra | PT Sarana Multi Infrastruktur

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings, other significant information

Current

Total

period

Principal

facility

payment

Interest rate

Borrower

Currency

(in billions)

schedule

per annum

Security

PT Sarana Multi Infrastruktur

October 12, 2016

Dayamitra

700

Semi-annually
(2018-2024)

3 months JIBOR+1.85%

Property and equipment (Note 12)

March 29, 2017

Dayamitra

600

—

Semi-annually
(2018-2024)

3 months JIBOR+1.85%

Property and equipment (Note 12)

The company | PT Sarana Multi Infrastruktur

Borrowings and other credit facilities

Schedule of long-term loans and other borrowings, other significant information

Current period

Principal

Total facility

payment

Interest rate

Borrower

Currency

(in billions)

schedule

per annum

Security

PT Sarana Multi Infrastruktur

November 14, 2018

The Company

1,000

—

Semi-annually (2019-2023)

8.35

None