XML 85 R72.htm IDEA: XBRL DOCUMENT v3.23.1
PENSION AND OTHER POST-EMPLOYMENT BENEFITS (Tables)
12 Months Ended
Dec. 31, 2022
PENSION AND OTHER POST-EMPLOYMENT BENEFITS  
Schedule of pension and other post-employment benefit liabilities

    

Notes

    

2021

    

2022

Pension benefit and other post-employment benefit obligations

  

 

  

 

  

Pension benefit

  

 

  

 

  

The Company - funded

29a.i.a

 

 

Defined pension benefit obligation

29a.i.a.i

 

4,891

 

4,234

Additional pension benefit obligation

29a.i.a.ii

 

 

44

The Company - unfunded

29a.i.b

 

613

 

522

Telkomsel

29a.ii

 

4,188

 

4,275

Others

3

Projected pension benefit obligations

  

 

9,695

 

9,075

Net periodic post-employment health care benefit

29b

 

638

 

Other post-employment benefit

29c

 

300

 

268

Long service employee benefit

29d

4

1

Obligation under the Labor Law

29e

 

926

 

928

Total

  

 

11,563

 

10,272

Schedule of net periodic pension benefit cost

    

Notes

    

2020

    

2021

    

2022

Pension benefit cost

 

  

 

  

 

  

 

  

The Company - funded

 

29a.i.a

 

 

 

Defined pension benefit obligation

 

29a.i.a.i

 

545

 

732

 

577

Additional pension benefit obligation

 

29a.i.a.ii

 

 

 

37

The Company - unfunded

 

29a.i.b

 

117

 

74

 

58

Telkomsel

29a.ii

 

142

 

331

 

596

Total periodic pension benefit cost

 

804

 

1,137

 

1,268

Net periodic post-employment health care benefit cost

25,29b

 

253

 

263

 

213

Other post-employment benefit cost

 

25,29c

 

81

 

23

 

25

Long service employee benefit cost

25,29d

53

3

1

Obligation under the Labor Law

 

25,29e

 

258

 

254

 

78

Total

 

  

 

1,449

 

1,680

 

1,585

Summary of amounts recognized in other comprehensive income (loss)

    

Notes

    

2020

    

2021

    

2022

Defined benefit plan actuarial gain (loss)

The Company - funded

 

29a.i.a

 

 

 

Defined pension benefit obligation

 

29a.i.a.i

 

(2,942)

 

1,123

 

467

Additional pension benefit obligation

 

29a.i.a.ii

 

 

0

 

(7)

The Company - unfunded

 

29a.i.b

 

89

 

82

 

55

Telkomsel

 

29a.ii

 

(1,554)

 

(110)

 

218

Others

0

(3)

1

Post-employment health care benefit cost

 

29b

 

(158)

 

1,032

 

851

Other post-employment benefit

 

29c

 

(15)

 

2

 

14

Obligation under the Labor Law

 

29e

 

125

 

42

 

13

Sub-total

 

  

 

(4,455)

 

2,168

 

1,612

Deferred tax effect at the applicable tax rates

 

28h

 

859

 

(213)

 

(148)

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

 

  

 

(3,596)

 

1,955

 

1,464

Schedule of changes in projected pension benefit obligations

Funded

Post-employment

Defined pension benefit obligation

health care benefit

The Company

Telkomsel

The Company

Projected

Projected

Projected

post-employment

Post-employment

pension

Pension

pension

Pension

health care

health care

benefit

benefit

benefit

benefit

benefit

benefit

    

obligations

    

plan assets

    

obligations

    

plan assets

    

obligation

    

plan assets

    

Total

Balance, January 1, 2021

    

25,103

    

(19,546)

    

4,651

    

(799)

    

14,443

    

(13,036)

    

10,816

Service costs

 

269

 

 

84

 

 

 

 

353

Interest costs (income)

 

1,577

 

(1,223)

 

299

 

(52)

 

955

 

(860)

 

696

Plan administration cost

 

 

60

 

 

 

 

168

 

228

Additional welfare benefits

 

80

 

 

 

 

 

 

80

Cost recognized in the consolidated statement of profit or loss

 

1,926

 

(1,163)

 

383

 

(52)

 

955

 

(692)

 

1,357

Actuarial (gain) loss on:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Experience adjustments

 

(340)

 

 

324

 

 

(105)

 

 

(121)

Changes in demographic assumptions

 

(1,122)

 

 

 

 

 

 

(1,122)

Changes in financial assumptions

 

 

 

(233)

 

 

(1,289)

 

 

(1,522)

Return on plan assets

 

  

 

  

 

  

 

  

 

  

 

  

 

  

(excluding amount included in

 

  

 

  

 

  

 

  

 

  

 

  

 

  

net interest expense)

 

 

339

 

 

19

 

 

362

 

720

Cost recognized in

 

  

 

  

 

  

 

  

 

  

 

  

 

  

OCI

 

(1,462)

 

339

 

91

 

19

 

(1,394)

 

362

 

(2,045)

Employer’s contributions

 

 

(226)

 

 

 

 

 

(226)

Pension plan participants’ contributions

 

21

 

(21)

 

 

 

 

 

Benefits paid from plan assets

 

(1,670)

 

1,670

 

 

 

(588)

 

588

 

Benefits paid by employer

 

(80)

 

 

(105)

 

 

 

 

(185)

Balance, December 31, 2021

 

23,838

 

(18,947)

 

5,020

 

(832)

 

13,416

 

(12,778)

 

9,717

Projected pension benefit

 

  

 

  

 

  

 

  

 

  

 

  

 

  

obligation at end of year

 

4,891

 

 

4,188

 

 

638

 

  

 

9,717

    

Funded

    

Post-employment

    

    

Defined pension benefit obligation

health care benefit

The Company

Telkomsel

The Company

Projected

Projected

Projected

post-employment

Post-employment

pension

Pension

pension

Pension

health care

health care

benefit

benefit

benefit

benefit

benefit

benefit

    

obligations

    

plan assets

    

obligations

    

plan assets

    

obligation

    

plan assets

    

Total

Balance, January 1, 2022

 

23,838

 

(18,947)

 

5,020

 

(832)

 

13,416

 

(12,778)

 

9,717

Service costs

 

178

 

 

326

 

 

 

 

504

Interest costs (income)

 

1,635

 

(1,347)

 

328

 

(58)

 

982

 

(933)

 

607

Plan administration cost

 

 

63

 

 

 

 

164

 

227

Additional welfare benefits

 

65

 

 

 

 

 

 

65

Cost recognized in the consolidated statement of profit or loss

 

1,878

 

(1,284)

 

654

 

(58)

 

982

 

(769)

 

1,403

Actuarial (gain) loss on:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Experience adjustments

 

(737)

 

 

(1)

 

 

(730)

 

 

(1,468)

Changes in demographic assumptions

 

 

 

(1)

 

 

 

 

(1)

Changes in financial assumptions

 

(30)

 

 

(67)

 

 

(136)

 

 

(233)

Return on plan assets

 

  

 

  

 

  

 

  

 

  

 

  

 

  

(excluding amount included in

 

  

 

  

 

  

 

  

 

  

 

  

 

  

net interest expense)

 

 

300

 

(186)

 

37

 

 

(69)

 

82

Changes in asset ceiling

 

 

 

 

 

 

84

 

84

Cost recognized in

 

  

 

  

 

  

 

  

 

  

 

  

 

  

OCI

 

(767)

 

300

 

(255)

 

37

 

(866)

 

15

 

(1,536)

Employer’s contributions

 

 

(719)

 

 

 

 

 

(719)

Pension plan participants’ contributions

 

19

 

(19)

 

 

 

 

 

Benefits paid from plan assets

 

(1,767)

 

1,767

 

(291)

 

 

 

 

(291)

Benefits paid by employer

 

(65)

 

 

 

 

(654)

 

654

 

(65)

Balance, December 31, 2022

 

23,136

 

(18,902)

 

5,128

 

(853)

 

12,878

 

(12,878)

 

8,509

Projected pension benefit

 

  

 

  

 

  

 

  

 

  

 

  

 

  

obligation at end of year

 

4,234

 

 

4,275

 

 

 

  

 

8,509

    

    

    

    

    

    

    

    

The Company

The Company

and its subsidiaries

Other

Additional

post-employment

Long service

Obligations

pension benefit

benefit

employee

under

    

Unfunded

    

obligations

    

obligations

    

benefit

    

the labor law

    

Total

Balance, January 1, 2020

1,479

366

690

2,535

Service costs

 

28

 

 

4

 

53

 

258

 

343

Interest costs

 

89

 

 

19

 

 

 

108

Pas service cost

 

 

 

58

 

 

 

58

Cost recognized in the consolidated statement of profit or loss

 

117

 

 

81

 

53

 

258

 

509

 

  

 

  

 

  

 

  

 

  

 

  

Fair value of pension plan assets at beginning of year

 

 

 

 

 

 

Changes in asset ceiling

 

 

 

 

 

 

Actuarial (gain) loss recognized in OCI

 

(89)

 

 

15

 

(52)

 

125

 

(1)

Benefits paid by employer

 

(545)

 

 

(95)

 

 

(296)

 

(936)

Balance, December 31, 2020

 

962

 

 

367

 

1

 

777

 

2,107

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

Expected Benefits Payment

 

The Company

 

 

 

Funded

 

 

Post-employment

 

Other post-

Post-employment

Defined pension

Additional pension

health care

employment

benefits

Time Period

    

benefit obligation

    

benefit obligation

    

Unfunded

    

Telkomsel

    

benefits

    

benefits

    

UUCK (Telkom)

2021

Within next 10 years

    

20,809

    

    

691

    

4,224

    

5,959

    

357

15

Within 10-20 years

 

23,096

 

 

92

 

10,849

 

6,697

 

121

14

Within 20-30 years

 

21,308

 

 

85

 

8,385

 

5,117

 

92

1

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

7.41 years

2022

Within next 10 years

    

21,232

    

40

    

705

    

5,111

    

8,092

    

324

59

Within 10-20 years

 

16,485

 

31

 

229

 

11,178

 

12,746

 

123

414

Within 20-30 years

 

10,414

 

18

 

430

 

7,827

 

12,019

 

83

497

Within 30-40 years

 

4,209

 

6

 

96

 

473

 

5,491

 

6

80

Within 40-50 years

 

882

 

1

 

 

 

970

 

Within 50-60 years

 

77

 

 

 

 

59

 

Within 60-70 years

 

2

 

 

 

 

6

 

Within 70-80 years

 

 

 

 

 

1

 

Weighted average duration of DBO

 

8.48 years

 

8.48 years

 

5.52 years

 

9.45 years

 

12.40 years

 

4.62 years

11.69 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

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

Post-employment benefits UUCK (Telkom)

(1)

1

6

(3)

2022

 

Funded:

    

Defined pension benefit obligation

    

(1,948)

  

2,291

  

268

  

255

Unfunded

 

(24)

  

27

  

29

  

(27)

Telkomsel

 

(430)

  

491

  

536

  

(477)

Post-employment health care benefits

 

(1,413)

  

1,703

  

1,629

  

1,380

Other post-employment benefits

 

(12)

13

Post-employment benefits UUCK (Telkom)

(8)

10

27

(24)

Periodic pension benefit cost | Telkomsel  
PENSION AND OTHER POST-EMPLOYMENT BENEFITS  
Schedule of actuarial assumptions

    

2020

    

2021

    

2022

 

Discount rate

 

6.50

%  

7.00

%  

7.15

%

Rate of compensation increases

 

8.00

%  

8.00

%  

8.00

%

Indonesian mortality table

 

2019

 

2019

 

2019

Periodic pension benefit cost | The company | Defined pension benefit obligation  
PENSION AND OTHER POST-EMPLOYMENT BENEFITS  
Summary of fair value of plan assets

2021

2022

    

Quoted in

    

    

Quoted in

    

active market

Unquoted

active market

Unquoted

Cash and cash equivalents

 

762

 

 

1,320

 

Equity instruments*:

 

  

 

  

 

  

 

  

Financials

 

1,571

 

 

1,638

 

Consumer non-cyclicals

 

558

 

 

505

 

Basic material

 

300

 

 

271

 

Infrastructures

838

639

Energy

 

118

 

 

141

 

Technology

 

43

 

 

89

 

Industrials*

 

421

 

 

315

 

Consumer cyclicals

 

112

 

 

115

 

Properties and real estate

 

143

 

 

98

 

Healthcare

202

208

Transportation and logistic

16

8

Equity-based mutual fund

 

321

 

 

410

 

Fixed income instruments:

 

  

 

  

 

  

 

  

Corporate bonds

 

 

4,558

 

 

3,117

Government bonds

 

7,736

 

 

7,884

 

Fixed income mutual funds

 

161

 

 

 

122

Midterm notes

100

Asset-backed securities

30

Sukuk

1,090

Non-public equity:

 

 

  

 

 

  

Direct placement

 

 

355

 

 

368

Property

 

 

186

 

 

187

Others

 

 

545

 

 

247

Total

 

13,302

 

5,644

 

13,641

 

5,261

Schedule of actuarial assumptions

    

2020

    

2021

    

2022

 

Discount rate

 

6.50

%  

7.00

%  

7.25

%

Rate of compensation increases

 

8.00

%  

8.00

%  

8.00

%

Indonesian mortality table

 

2019

 

2019

 

2019

Periodic pension benefit cost | The company | Unfunded Pension  
PENSION AND OTHER POST-EMPLOYMENT BENEFITS  
Schedule of actuarial assumptions

    

2020

    

2021

    

2022

Discount rate

 

5.25% - 6.50%

5.75% - 7.00%

7.00% - 7.25%

Rate of compensation increases

 

6.10% - 8.00%

6.10% - 8.00%

6.10% - 8.00%

Indonesian mortality table

 

2019

 

2019

 

2019

Post-employment health care benefit cost  
PENSION AND OTHER POST-EMPLOYMENT BENEFITS  
Summary of fair value of plan assets

2021

2022

Quoted in

Quoted in

    

active market

    

Unquoted

    

active market

    

Unquoted

Cash and cash equivalents

 

527

 

 

1,085

 

Equity instruments*:

 

  

 

  

 

  

 

  

Financials

 

1,254

 

 

1,368

 

Consumer non-cyclicals

 

100

 

 

114

 

Basic material

 

256

 

 

264

 

Infrastructures

574

598

Energy

 

171

 

 

221

 

Technology

 

24

 

 

63

 

Industrials

 

274

 

 

185

 

Consumer cyclicals

 

483

 

 

457

 

Properties and real estate

 

93

 

 

95

 

Healthcare

232

233

Transportation and logistic

 

5

 

 

3

 

Equity-based mutual funds

 

569

 

 

1,035

 

Fixed income instruments:

 

 

  

 

 

  

Government obligations

82

Fixed income mutual funds

 

7,858

 

 

6,761

 

Unlisted shares:

 

 

 

 

Private placement

 

 

358

 

 

398

Total

 

12,420

 

358

 

12,564

 

398

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

Schedule of actuarial assumptions

    

2020

    

2021

    

2022

 

Discount rate

 

6.75

%  

7.50

%

7.25

%

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

 

2020

 

2021

2022

Indonesian mortality table

 

2019

 

2019

2019

Other post-employment benefit cost  
PENSION AND OTHER POST-EMPLOYMENT BENEFITS  
Schedule of actuarial assumptions

    

2020

    

2021

    

2022

 

Discount rate

 

5.00

%  

6.25

%  

6.75

%

Indonesian mortality table

 

2019

 

2019

 

2019

Defined pension benefit plan  
PENSION AND OTHER POST-EMPLOYMENT BENEFITS  
Schedule of changes in projected pension benefit obligations

    

    

    

    

    

    

    

    

The Company

The Company

and its subsidiaries

Other

Additional

post-employment

Long service

Obligations

pension benefit

benefit

employee

under

    

Unfunded

    

obligations

    

obligations

    

benefit

    

the labor law

    

Total

Balance, January 1, 2020

1,479

366

690

2,535

Service costs

 

28

 

 

4

 

53

 

258

 

343

Interest costs

 

89

 

 

19

 

 

 

108

Pas service cost

 

 

 

58

 

 

 

58

Cost recognized in the consolidated statement of profit or loss

 

117

 

 

81

 

53

 

258

 

509

 

  

 

  

 

  

 

  

 

  

 

  

Fair value of pension plan assets at beginning of year

 

 

 

 

 

 

Changes in asset ceiling

 

 

 

 

 

 

Actuarial (gain) loss recognized in OCI

 

(89)

 

 

15

 

(52)

 

125

 

(1)

Benefits paid by employer

 

(545)

 

 

(95)

 

 

(296)

 

(936)

Balance, December 31, 2020

 

962

 

 

367

 

1

 

777

 

2,107

The following table presents the changes in projected pension benefit obligations, changes in pension benefit plan assets, funded status of the pension plan, and net amount recognized in the consolidated statements of financial position as of December 31, 2020, 2021 and 2022, under the defined benefit pension plan (continued):

The Company

The Company

and its subsidiaries

Other

 

Additional

post-employment

Long service

Obligations

 

pension benefit

benefit

employee

under

 

    

Unfunded

    

obligations

    

obligations

    

benefit

    

the labor law

    

Total

Balance, January 1, 2021

962

367

1

777

2,107

Service costs

 

25

 

 

7

 

3

 

254

 

289

Interest costs

 

49

 

 

16

 

 

 

65

Cost recognized in the consolidated statement of profit or loss

 

74

 

 

23

 

3

 

254

 

354

Fair value of pension plan assets at

beginning of year

 

 

6

 

 

 

 

6

Changes in asset ceiling

 

 

(6)

 

 

 

 

(6)

Actuarial gain recognized in OCI

 

(82)

 

 

(2)

 

 

(42)

 

(126)

Benefits paid by employer

 

(341)

 

 

(88)

 

 

(63)

 

(492)

Balance, December 31, 2021

 

613

 

 

300

 

4

 

926

 

1,843

    

    

    

    

    

    

    

    

The Company

The Company

and its subsidiaries

Other

Additional

post-employment

Long service

Obligations

pension benefit

benefit

employee

under

    

Unfunded

    

obligations

    

obligations

    

benefit

    

the labor law

    

Total

Balance, January 1, 2022

613

300

4

926

1,843

Service costs

 

24

 

37

 

8

 

1

 

78

 

148

Interest costs

 

34

 

 

17

 

 

 

51

Cost recognized in the consolidated statement of profit or loss

 

58

 

37

 

25

 

1

 

78

 

199

Actuarial (gain) loss recognized in OCI

 

(55)

 

7

 

(14)

 

 

(13)

 

(75)

Benefits paid by employer

 

(94)

 

 

(43)

 

(4)

 

(63)

 

(204)

Balance, December 31, 2022

 

522

 

44

 

268

 

1

 

928

 

1,763

Defined Contribution Other Benefit Program | The company | Additional pension benefit obligation  
PENSION AND OTHER POST-EMPLOYMENT BENEFITS  
Schedule of actuarial assumptions

    

2020

    

2021

    

2022

 

Discount rate

 

8.00

%  

7.00

%  

7.25

%

Indonesian mortality table

 

2019

 

2019

 

2019