XML 90 R75.htm IDEA: XBRL DOCUMENT v3.22.1
PENSION AND OTHER POST-EMPLOYMENT BENEFITS (Tables)
12 Months Ended
Dec. 31, 2021
PENSION AND OTHER POST-EMPLOYMENT BENEFITS  
Schedule of pension and other post-employment benefit liabilities

    

Notes

    

2020

    

2021

Pension benefit and other post-employment benefit obligations

  

 

  

 

  

Pension benefit

  

 

  

 

  

The Company - funded

30a.i.a

 

 

Defined pension benefit obligation

30a.i.a.i

 

5,557

 

4,891

The Company - unfunded

30a.i.b

 

962

 

613

Telkomsel

30a.ii

 

3,852

 

4,188

Others

1

3

Projected pension benefit obligations

  

 

10,372

 

9,695

Net periodic post-employment health care benefit

30b

 

1,407

 

638

Other post-employment benefit

30c

 

367

 

300

Long service employee benefit

30d

53

4

Obligation under the Labor Law

30e

 

777

 

926

Total

  

 

12,976

 

11,563

Schedule of net periodic pension benefit cost

    

Notes

    

2019

    

2020

    

2021

Pension benefit cost

 

  

 

  

 

  

 

  

The Company - funded

 

30a.i.a

 

 

 

Defined pension benefit obligation

 

30a.i.a.i

 

362

 

545

 

732

Additional pension benefit obligation

 

30a.i.a.ii

 

1

 

0

 

0

The Company - unfunded

 

30a.i.b

 

163

 

117

 

74

Telkomsel

30a.ii

 

314

 

142

 

331

Others

0

0

0

Total periodic pension benefit cost

26

 

840

 

804

 

1,137

Net periodic post-employment health care benefit cost

26,30b

 

167

 

253

 

263

Other post-employment benefit cost

 

26,30c

 

33

 

81

 

23

Long service employee benefit cost

26,30d

53

3

Obligation under the Labor Law

 

26,30e

 

136

 

258

 

254

Total

 

  

 

1,176

 

1,449

 

1,680

Summary of amounts recognized in other comprehensive income (loss)

    

Notes

    

2019

    

2020

    

2021

Defined benefit plan actuarial gain (losses)

The Company - funded

 

30a.i.a

 

 

 

Defined pension benefit obligation

 

30a.i.a.i

 

(1,116)

 

(2,942)

 

1,123

Additional pension benefit obligation

 

30a.i.a.ii

 

7

 

0

 

0

The Company - unfunded

 

30a.i.b

 

(94)

 

89

 

82

Telkomsel

 

30a.ii

 

(561)

 

(1,554)

 

(110)

Others

0

0

(3)

Post-employment health care benefit cost

 

30b

 

(634)

 

(158)

 

1,032

Other post-employment benefit

 

30c

 

(15)

 

(15)

 

2

Obligation under the Labor Law

 

30e

 

(107)

 

125

 

42

Sub-total

 

  

 

(2,520)

 

(4,455)

 

2,168

Deferred tax effect at the applicable tax rates

 

29h

 

411

 

859

 

(213)

Defined benefit plan acturial gain (losses) - net of tax

 

  

 

(2,109)

 

(3,596)

 

1,955

Schedule of the timing of benefits payments and weighted average duration of DBO

Expected Benefits Payment

 

The Company

 

 

 

Funded

 

 

Post-employment

 

Other post-

Defined pension

Additional pension

health care

employment

Time Period

    

benefit obligation

    

benefit obligation

    

Unfunded

    

Telkomsel

    

benefits

    

benefits

2020

Within next 10 years

    

18,913

    

    

1,061

    

3,795

    

5,649

    

417

Within 10-20 years

 

21,775

 

 

94

 

10,620

 

6,778

 

102

Within 20-30 years

 

19,869

 

 

77

 

8,203

 

5,575

 

78

Within 30-40 years

 

14,599

 

 

20

 

1,035

 

2,479

 

4

Within 40-50 years

 

3,278

 

 

 

 

398

 

Within 50-60 years

 

378

 

 

 

 

6

 

Within 60-70 years

 

23

 

 

 

 

 

Within 70-80 years

 

 

 

 

 

 

Weighted average duration of DBO

 

10.48 years

 

10.48 years

 

5.76 years

 

11.00 years

 

15.14 years

 

7.21 years

2021

Within next 10 years

    

20,809

    

    

691

    

4,224

    

5,959

    

357

Within 10-20 years

 

23,096

 

 

92

 

10,849

 

6,697

 

121

Within 20-30 years

 

21,308

 

 

85

 

8,385

 

5,117

 

92

Within 30-40 years

 

16,537

 

 

17

 

901

 

2,025

 

5

Within 40-50 years

 

3,965

 

 

 

 

259

 

Within 50-60 years

 

2,803

 

 

 

 

1

 

Within 60-70 years

 

16

 

 

 

 

 

Within 70-80 years

 

 

 

 

 

 

Weighted average duration of DBO

 

10.50 years

 

10.50 years

 

5.75 years

 

10.30 years

 

14.13 years

 

4.88 years

Schedule of change in discount rate and rate of compensation would have effect on DBO

Discount Rate

Rate of Compensation

 

1% Increase

1% Decrease

1% Increase

1% Decrease

    

Increase (decrease) in amounts

    

Increase (decrease) in amounts

Sensitivity

2020

Funded:

    

Defined pension benefit obligation

    

(2,305)

  

2,754

  

1,733

  

(1,547)

Unfunded

 

(36)

  

28

  

30

  

(39)

Telkomsel

 

(471)

  

507

  

494

  

(463)

Post-employment health care benefits

 

(1,807)

  

2,339

  

2,248

  

(1,844)

Other post-employment benefits

 

(15)

17

2021

 

Funded:

    

Defined pension benefit obligation

    

(2,040)

  

2,419

  

1,571

  

(1,439)

Unfunded

 

(27)

  

30

  

33

  

(30)

Telkomsel

 

(434)

  

465

  

455

  

(429)

Post-employment health care benefits

 

(1,605)

  

1,964

  

1,985

  

(1,686)

Other post-employment benefits

 

(13)

14

Periodic pension benefit cost | Telkomsel  
PENSION AND OTHER POST-EMPLOYMENT BENEFITS  
Summary of amounts recognized in other comprehensive income (loss)

    

2019

2020

    

2021

Actuarial (gain) losses recognized during the year due to:

 

  

  

 

  

Experience adjustments

 

115

 

190

 

324

Changes in financial assumptions

 

499

 

1,082

 

(233)

Changes in demographic assumptions

313

Return on plan assets (excluding amount included in net interest expense)

 

(53)

 

(31)

 

19

Net

 

561

 

1,554

 

110

Schedule of changes in projected pension benefit obligations

    

2020

    

2021

Changes in projected pension benefit obligations

 

  

 

  

Projected pension benefit obligation at beginning of year

 

3,738

 

4,651

Charged to profit or loss:

 

  

 

  

Service costs

 

245

 

310

Net interest costs

 

278

 

299

Actuarial losses recognized in OCI

 

1,585

 

91

Benefit paid

 

(50)

 

(105)

Past service cost - plan amendments

(1,145)

(440)

Past service cost - curtailment effect

214

Projected pension benefit obligation at end of year

 

4,651

 

5,020

Changes in pension benefit plan assets

 

  

 

  

Fair value of pension plan assets at beginning of year

 

1,529

 

799

Interest income

 

104

 

52

Return on plan assets (excluding amount included in net interest expense)

 

31

 

(19)

Employer’s contributions

53

Benefit paid

 

(50)

 

Settlement loss

(868)

Fair value of pension plan assets at end of year

 

799

 

832

Pension benefit obligation at end of year

 

3,852

 

4,188

Summary of movements of prepaid pension benefit cost

    

2020

    

2021

Pension benefit obligation at beginning of year

 

2,209

 

3,852

Periodic pension benefit cost

 

142

 

331

Actuarial losses recognized in OCI

 

1,585

 

91

Return on plan assets (excluding amount included in net interest expense)

 

(31)

 

19

Employer’s contributions

 

(53)

 

Benefit paid

 

 

(105)

Pension benefit obligation at end of year

 

3,852

 

4,188

Schedule of components of net periodic pension benefit cost

    

2019

    

2020

    

2021

Service costs

 

187

 

(33)

 

84

Net interest costs

 

127

 

175

 

247

Total periodic pension benefit cost

 

314

 

142

 

331

Schedule of actuarial assumptions

    

2019

    

2020

    

2021

 

Discount rate

 

7.50

%  

6.50

%  

7.00

%

Rate of compensation increases

 

8.00

%  

8.00

%  

8.00

%

Indonesian mortality table

 

2011

 

2019

 

2019

Periodic pension benefit cost | The company | Defined pension benefit obligation  
PENSION AND OTHER POST-EMPLOYMENT BENEFITS  
Summary of amounts recognized in other comprehensive income (loss)

    

2019

    

2020

    

2021

Actuarial (gain) losses recognized during the year due to:

 

  

 

  

 

  

Experience adjustments

 

(677)

 

356

 

(340)

Changes in financial assumptions

 

1,952

 

2,190

 

(1,122)

Changes in demographic assumptions

 

239

 

195

 

Return on plan assets (excluding amount included in net interest expense)

 

(398)

 

201

 

339

Net

 

1,116

 

2,942

 

(1,123)

Schedule of changes in projected pension benefit obligations

    

2020

    

2021

Changes in projected pension benefit obligations

 

  

 

  

Projected pension benefit obligations at beginning of year

 

22,061

 

25,103

Charged to profit or loss:

 

  

 

  

Service costs

 

260

 

269

Interest costs

 

1,544

 

1,577

Pension plan participants’ contributions

 

27

 

21

Actuarial losses recognized in OCI

 

2,741

 

(1,462)

Pension benefits paid

 

(1,530)

 

(1,670)

Additional welfare benefits

80

80

Benefits paid by employer

(80)

(80)

Projected pension benefit obligations at end of year

 

25,103

 

23,838

Changes in pension benefit plan assets

 

  

 

  

Fair value of pension plan assets at beginning of year

 

19,723

 

19,546

Interest income

 

1,383

 

1,223

Return on plan assets (excluding amount included in net interest expense)

 

(201)

 

(339)

Employer's contributions

205

226

Pension plan participants’ contributions

 

27

 

21

Pension benefits paid

 

(1,530)

 

(1,670)

Plan administration cost

 

(61)

 

(60)

Fair value of pension plan assets at end of year

 

19,546

 

18,947

Projected pension benefit obligations at end of year

 

5,557

 

4,891

Summary of fair value of plan assets

2020

2021

    

Quoted in

    

    

Quoted in

    

active market

Unquoted

active market

Unquoted

Cash and cash equivalents

 

426

 

 

762

 

Equity instruments:

 

 

  

 

  

 

  

Financials

 

1,555

 

 

1,571

 

Consumer non-cyclicals

 

814

 

 

558

 

Basic material

 

307

 

 

300

 

Infrastructures

646

838

Energy

 

145

 

 

118

 

Technology

 

 

 

43

 

Industrials

 

462

 

 

421

 

Consumer cyclicals

 

120

 

 

112

 

Properties and real estate

 

122

 

 

143

 

Healthcare

194

202

Transportation and logistic

2

16

Equity-based mutual fund

 

678

 

 

321

 

Fixed income instruments:

 

 

  

 

  

 

  

Corporate bonds

 

 

6,208

 

 

4,558

Government bonds

 

6,821

 

 

7,736

 

Mutual funds

 

181

 

 

161

 

Non-public equity:

 

 

  

 

 

  

Direct placement

 

 

342

 

 

355

Property

 

 

185

 

 

186

Others

 

 

338

 

 

545

Total

 

12,473

 

7,073

 

13,302

 

5,644

Summary of movements of prepaid pension benefit cost

    

2020

    

2021

Projected pension benefit obligations (prepaid pension benefit cost) at beginning of year

 

2,338

 

5,557

Net periodic pension benefit cost

 

562

 

763

Employer's contribution

(205)

(226)

Actuarial (gain) losses recognized in OCI

 

2,741

 

(1,462)

Return on plan assets (excluding amount included in net interest expense)

 

201

 

339

Benefits paid by employer

(80)

(80)

Projected pension benefit obligations at end of year

 

5,557

 

4,891

Schedule of components of net periodic pension benefit cost

    

2019

    

2020

    

2021

Service costs

 

259

 

260

 

269

Plan administration cost

 

63

 

61

 

60

Net interest cost

 

76

 

161

 

354

Additional welfare benefits

80

80

Net periodic pension benefit cost

 

398

 

562

 

763

Amount charged to subsidiaries under contractual agreements

 

(36)

 

(17)

 

(31)

Net periodic pension benefit cost less cost charged to subsidiaries

 

362

 

545

 

732

Schedule of actuarial assumptions

    

2019

    

2020

    

2021

 

Discount rate

 

7.25

%  

6.50

%  

7.00

%

Rate of compensation increases

 

8.00

%  

8.00

%  

8.00

%

Indonesian mortality table

 

2011

 

2019

 

2019

Periodic pension benefit cost | The company | Unfunded Pension  
PENSION AND OTHER POST-EMPLOYMENT BENEFITS  
Summary of amounts recognized in other comprehensive income (loss)

    

2019

    

2020

    

2021

Actuarial (gain) losses recognized during the year due to:

 

  

 

  

 

  

Experience adjustments

 

12

 

(32)

 

(68)

Changes in demographic assumptions

 

37

 

(99)

 

Changes in financial assumptions

 

45

 

42

 

(14)

Net

 

94

 

(89)

 

(82)

Schedule of changes in projected pension benefit obligations

    

2020

    

2021

Unfunded projected pension benefit obligations at beginning of year

 

1,479

 

962

Charged to profit or loss:

 

  

 

  

Service costs

 

28

 

25

Net Interest costs

 

89

 

49

Actuarial (gain) losses recognized in OCI

 

(89)

 

(82)

Benefits paid by employer

 

(545)

 

(341)

Unfunded projected pension benefit obligations at end of year

 

962

 

613

Schedule of components of net periodic pension benefit cost

    

2019

    

2020

    

2021

Service costs

 

29

 

28

 

25

Net interest costs

 

134

 

89

 

49

Total periodic pension benefit cost

 

163

 

117

 

74

Schedule of actuarial assumptions

    

2019

    

2020

    

2021

Discount rate

 

6.50% - 7.25%

5.25% - 6.50%

5.75% - 7.00%

Rate of compensation increases

 

6.10% - 8.00%

6.10% - 8.00%

6.10% - 8.00%

Indonesian mortality table

 

2011

 

2019

 

2019

Post-employment health care benefit cost  
PENSION AND OTHER POST-EMPLOYMENT BENEFITS  
Summary of amounts recognized in other comprehensive income (loss)

    

2019

    

2020

    

2021

Actuarial (gain) losses recognized during the year due to:

 

  

 

  

 

  

Experience adjustments

 

810

 

(1,680)

 

(105)

Changes in financial assumptions

 

1,190

 

1,800

 

(1,289)

Changes in demographic assumptions

 

(1,095)

 

(24)

 

Return on plan assets (excluding amount included in net interest expense)

 

(271)

 

62

 

362

Net

 

634

 

158

 

(1,032)

Schedule of changes in projected pension benefit obligations

    

2020

    

2021

Changes in projected post-employment health care benefit obligation

 

  

 

  

Projected post-employment health care benefit obligation at beginning of year

 

13,823

 

14,443

Charged to profit or loss:

 

  

 

  

Interest costs

 

1,083

 

955

Actuarial (gain) losses recognized in OCI

 

96

 

(1,394)

Post-employment health care benefits paid

 

(559)

 

(588)

Projected post-employment health care benefit obligation at end of year

 

14,443

 

13,416

Changes in post-employment health care benefit plan assets

 

  

 

  

Fair value of plan assets at beginning of year

 

12,827

 

13,036

Interest income

 

1,004

 

860

Return on plan assets (excluding amount included in net interest expense)

 

(62)

 

(362)

Post-employment health care benefits paid

 

(559)

 

(588)

Plan administration cost

 

(174)

 

(168)

Fair value of plan assets at end of year

 

13,036

 

12,778

Projected for post-employment health care benefit obligation at end of year

 

1,407

 

638

Summary of fair value of plan assets

2020

2021

Quoted in

Quoted in

    

active market

    

Unquoted

    

active market

    

Unquoted

Cash and cash equivalents

 

745

 

 

527

 

Equity instruments:

 

  

 

  

 

  

 

  

Financials

 

1,191

 

 

1,254

 

Consumer non-cyclicals

 

113

 

 

100

 

Basic material

 

212

 

 

256

 

Infrastructures

458

574

Energy

 

110

 

 

171

 

Technology

 

 

 

24

 

Industrials

 

299

 

 

274

 

Consumer cyclicals

 

522

 

 

483

 

Properties and real estate

 

83

 

 

93

 

Healthcare

222

232

Transportation and logistic

 

1

 

 

5

 

Equity-based mutual funds

 

519

 

 

569

 

Fixed income instruments:

 

 

  

 

 

  

Fixed income mutual funds

 

8,239

 

 

7,858

 

Unlisted shares:

 

 

 

 

Private placement

 

 

322

 

 

358

Total

 

12,714

 

322

 

12,420

 

358

*Since January 25, 2021, the Jakarta Stock Industrial Classification (JASICA) has been officially replaced by the IDX Industrial Classification (IDX - IC)

Summary of movements of prepaid pension benefit cost

    

2020

    

2021

Projected post-employment health care benefit obligation at beginning of year

 

996

 

1,407

Net periodic post-employment health care benefit costs

 

253

 

263

Actuarial (gain) losses recognized in OCI

 

96

 

(1,394)

Return on plan assets (excluding amount included in net interest expense)

 

62

 

362

Projected post-employment health care benefit obligation at end of year

 

1,407

 

638

Schedule of components of net periodic pension benefit cost

    

2019

    

2020

    

2021

Plan administration costs

 

150

 

174

 

168

Net interest costs

 

17

 

79

 

95

Net periodic post-employment health care benefit cost

 

167

 

253

 

263

Schedule of actuarial assumptions

    

2019

    

2020

    

2021

 

Discount rate

 

8.00

%  

6.75

%  

7.50

%

Health care costs trend rate assumed for next year

 

7.00

%  

7.00

%  

7.00

%

Ultimate health care costs trend rate

 

7.00

%  

7.00

%  

7.00

%

Year that the rate reaches the ultimate trend rate

 

2019

 

2020

 

2021

Indonesian mortality table

 

2011

 

2019

 

2019

Other post-employment benefit cost  
PENSION AND OTHER POST-EMPLOYMENT BENEFITS  
Summary of amounts recognized in other comprehensive income (loss)

    

2019

    

2020

    

2021

Actuarial (gain) losses recognized during the year due to:

 

  

 

  

 

  

Experience adjusments

 

(25)

 

(18)

 

13

Changes in demographic assumptions

 

20

 

16

 

Changes in financial assumptions

 

20

 

17

 

(15)

Total

 

15

 

15

 

(2)

Summary of movements of prepaid pension benefit cost

    

2020

    

2021

Projected other post-employment benefit obligations at beginning of year

 

366

 

367

Charged to profit or loss:

 

  

 

  

Service costs

 

4

 

7

Net interest costs

 

19

 

16

Past service costs

58

Actuarial (gain) losses recognized in OCI

 

15

 

(2)

Benefits paid by employer

 

(95)

 

(88)

Projected other post-employment benefits obligations at end of year

 

367

 

300

Schedule of components of net periodic pension benefit cost

    

2019

    

2020

    

2021

Current service costs

 

4

 

4

 

7

Net interest costs

 

29

 

19

 

16

Past service costs

58

Projected other post-employment benefit cost

 

33

 

81

 

23

Schedule of actuarial assumptions

    

2019

    

2020

    

2021

 

Discount rate

 

6.25

%  

5.00

%  

6.25

%

Indonesian mortality table

 

2011

 

2019

 

2019