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RELATED PARTY TRANSACTIONS (Tables)
12 Months Ended
Dec. 31, 2022
RELATED PARTY TRANSACTIONS  
Schedule of nature of relationship with related parties

Related parties

    

Nature of relationships parties

    

Nature of accounts/ transactions

The Government Ministry of Finance

Majority stockholder

Internet and data service revenues, other telecommunication service revenues, finance income, finance costs, and investment in financial instruments

Government agencies

Entities under common control

Network service revenues, internet and data service revenues, other telecommunication revenues, life insurance expenses, press release expenses, customer education expenses, office building lease expenses, consultant expenses, training expenses, finance income, and purchase of property and equipments

MoCI

Entity under common control

Concession fees, radio frequency usage charges, USO charges, telecommunication service revenues, and license expenses

Indosat

Entity under common control

Interconnection revenues, leased lines revenues, satellite transponder usage revenues, interconnection expenses, telecommunication facilities usage expenses, operating and maintenance expenses, and usage of data communication network system expenses

PT Pertamina (Persero) (“Pertamina”)

Entity under common control

Internet and data service revenues, and other telecommunication service revenues

State-owned banks

Entities under common control

Finance income and finance costs

Bank Mandiri

Entity under common control

Internet and data service revenues, other telecommunication service revenues, finance income, and finance costs

BNI

Entity under common control

Internet and data service revenues, other telecommunication service revenues, finance income, and finance costs

BRI

Entity under common control

Internet and data service revenues, other telecommunication service revenues, finance income, and finance costs

BTN

Entity under common control

Internet and data service revenues, other telecommunication service revenues, and finance income

PT Pegadaian (“Pegadaian”)

Entity under common control

Internet and data service revenues, and other telecommunication service revenues

PT Kimia Farma (“Kimia Farma”)

Entity under common control

Internet and data service revenues, and other telecommunication service revenues

PT Perkebunan Nusantara III (Persero) (“PTPN III”)

Entity under common control

Internet and data service revenues, and other telecommunication service revenues

Related parties

    

Nature of relationships parties

    

Nature of accounts/ transactions

PT Kereta Api Indonesia (“KAI”)

Entity under common control

Internet and data service revenues, and other telecommunication service revenues

PT Perusahaan Listrik Negara (“PLN”)

Entity under common control

Internet and data service revenues, other telecommunication service revenues, and electricity expenses

PT Asuransi Jasa Indonesia (“Jasindo”)

Entity under common control

Fixed assets insurance expenses and personal insurance expenses

PT Industri Telekomunikasi Indonesia (Persero) (“INTI”)

Entity under common control

Purchase of property and equipments

Bahana TCW

Entity under common control

Mutual funds

Sarana Multi Infrastruktur

Entity under common control

Other borrowings and finance costs

Omni Inovasi Indonesia

Associated company

Distribution of SIM cards and pulse reload voucher

Finarya

Associated company

Marketing expenses and distribution of SIM cards and pulse reload voucher

Padi UMKM

Other related entity

Operational and maintenance expenses, collection fees, training expenses, internal security expenses, research and development expenses, printing expenses, meeting expenses, general and other administrative expenses, promotion expenses, advertising expenses, sales fees, customer education expenses, and marketing expenses

Directors

Key management personnel

Honorarium and facilities

Commissioners

Supervisory personnel

Honorarium and facilities

Schedule of significant transactions with related parties

2020

2021

2022

    

    

% of total

    

    

% of total

    

    

% of total

Amount

revenues

Amount

revenues

Amount

revenues

Revenues

 

  

 

  

 

  

 

  

 

  

 

  

Majority Stockholder

 

  

 

  

 

  

 

  

 

  

 

  

Ministry of Finance

 

184

 

0.13

 

212

 

0.15

 

199

 

0.14

Entities under common control

 

 

  

 

 

  

 

 

  

Government Agencies

 

3,423

 

2.51

 

5,598

 

3.91

 

3,029

 

2.06

Indosat

 

1,034

 

0.76

 

1,056

 

0.74

 

1,923

 

1.31

MoCI

628

0.46

284

0.20

791

0.54

Pertamina

406

0.30

631

0.44

752

0.51

BNI

 

547

 

0.40

 

404

 

0.28

 

493

 

0.33

Bank Mandiri

191

0.14

212

0.15

180

0.12

Pegadaian

178

0.13

148

0.10

160

0.11

PLN

107

0.08

153

0.11

158

0.11

KAI

92

0.07

84

0.06

143

0.10

PTPN III

73

0.05

99

0.07

114

0.08

Kimia Farma

122

0.09

120

0.08

107

0.07

BRI

580

0.43

341

0.24

104

0.07

Others (each below Rp100 billion)

 

1,197

 

0.87

 

944

 

0.66

 

744

 

0.51

Sub-total

 

8,578

 

6.29

 

10,074

 

7.04

 

8,698

 

5.92

Associated companies

 

47

 

0.03

 

16

 

0.01

 

6

 

0.00

Other related entities

160

0.12

33

0.02

52

0.04

Total

 

8,969

 

6.57

 

10,335

 

7.22

 

8,955

 

6.10

2020

2021

2022

    

    

% of total

    

    

% of total

    

    

% of total

Amount

expenses

Amount

expenses

Amount

expenses

Expenses

 

  

 

  

 

  

 

  

 

  

 

  

Entities under common control

MoCI

 

8,347

 

8.94

 

8,570

 

8.64

 

9,965

 

9.82

PLN

 

2,859

 

3.06

 

2,349

 

2.37

 

2,473

 

2.44

Indosat

 

563

 

0.60

 

467

 

0.47

 

537

 

0.53

Jasindo

 

255

 

0.27

 

385

 

0.39

 

296

 

0.29

Government agencies

 

121

 

0.13

 

114

 

0.11

 

179

 

0.18

Others (each below Rp100 billion)

 

191

 

0.20

 

208

 

0.21

 

229

 

0.23

Sub-total

 

12,336

 

13.20

 

12,093

 

12.19

 

13,679

 

13.49

Associated companies

 

  

 

  

 

  

 

  

 

  

 

  

Finarya

 

198

 

0.21

125

0.13

110

0.11

Others (each below Rp100 billion)

 

607

 

0.65

 

344

 

0.35

 

37

 

0.04

Sub-total

 

805

 

0.86

 

469

 

0.48

 

147

 

0.15

Other related entities

 

  

 

  

 

  

 

  

 

  

 

  

PADI UMKM

 

 

 

269

 

0.27

 

626

 

0.62

Others (each below Rp100 billion)

 

136

 

0.14

 

115

 

0.12

 

98

 

0.10

Sub-total

 

136

 

0.14

 

384

 

0.39

 

724

 

0.72

Total

 

13,277

 

14.20

 

12,946

 

13.06

 

14,550

 

14.36

2020

2021

2022

    

    

% of total

    

    

% of total

    

    

% of total

Amount

finance income

Amount

finance income

Amount

finance income

Finance income

 

  

 

  

 

  

 

  

 

  

 

  

Entities under common control

 

  

 

  

 

  

 

  

 

  

 

  

State-owned banks

 

564

 

70.50

 

348

 

62.37

 

459

 

52.28

Government agencies

8

1.00

14

2.51

16

1.82

Total

 

572

 

71.50

 

362

 

64.88

 

475

 

54.10

2020

2021

2022

    

    

% of total

    

    

% of total

    

    

% of total

Amount

finance cost

Amount

finance cost

Amount

finance cost

Finance cost

 

  

 

  

 

  

 

  

 

  

 

  

Majority stockholder

 

  

 

  

 

  

 

  

 

  

 

  

Ministry of Finance

 

25

 

0.54

 

17

 

0.39

 

10

 

0.25

Entities under common control

 

  

 

 

 

 

 

State-owned banks

 

1,163

 

25.27

 

1,247

 

28.38

 

1,004

 

24.63

Sarana Multi Infrastruktur

 

313

 

6.80

 

192

 

4.37

 

109

 

2.67

Total

 

1,501

 

32.61

 

1,456

 

33.14

 

1,123

 

27.55

2020

2021

2022

    

    

% of total

    

    

% of total

    

    

% of total

Amount

revenues

Amount

revenues

Amount

revenue

Distribution of SIM card and voucher

 

  

 

  

 

  

 

  

 

  

 

  

Associated companies

 

 

 

 

 

 

Omni Inovasi Indonesia

1,766

1.29

959

0.67

981

0.67

Finarya

 

 

 

 

 

141

 

0.10

Total

 

1,766

 

1.29

 

959

 

0.67

 

1,122

 

0.77

2021

2022

    

    

% of total

    

    

% of total

Amount

property and
equipment
purchased

Amount

property and
equipment
purchased

Purchase of property and equipments (Note 12)

 

  

 

  

 

  

 

  

Entities under common control

 

 

 

 

INTI

 

104

 

0.34

 

117

 

0.34

Others

 

309

 

1.02

 

5

 

0.01

Total

 

413

 

1.36

 

122

 

0.35

c.   Balance of accounts with related parties

2021

2022

    

    

% of total

    

    

% of total

Amount

assets

Amount

assets

Cash and cash equivalents (Note 4)

 

31,100

 

11.26

 

24,902

 

9.06

Other current financial (Note 5)

 

329

 

0.12

 

400

 

0.15

Trade receivables - net (Note 6)

 

1,378

 

0.50

 

2,009

 

0.73

Contract assets

Majority stockholder

Ministry of Finance

7

0.00

24

0.01

Entities under common control

Government agencies

389

0.14

295

0.11

Others (each below Rp100 billion)

394

0.14

273

0.10

Sub-total

783

0.28

568

0.21

Associated companies

1

0.00

1

0.00

Other related entities

1

0.00

Total

791

0.28

594

0.22

Other current asset

 

  

 

  

 

  

 

  

Entities under common control

 

  

 

  

 

  

 

  

MoCI

 

4,749

 

1.72

 

5,093

 

1.85

Others

 

49

 

0.02

 

96

 

0.03

Sub-total

 

4,798

 

1.74

 

5,189

 

1.88

Associated companies

2

0.00

Total

 

4,798

 

1.74

 

5,191

 

1.88

Other non-current asset

 

  

 

  

 

  

 

  

Entities under common control

 

  

 

  

 

  

 

  

MoCI

 

1,573

 

0.57

 

1,291

 

0.47

Others

 

25

 

0.01

 

16

 

0.01

Total

 

1,598

 

0.58

 

1,307

 

0.48

2021

2022

    

    

% of total

    

    

% of total

Amount

liabilities

Amount

liabilities

Trade payables (Note 16)

 

  

 

  

 

  

 

  

Majority stockholder

 

  

 

  

 

  

 

  

Ministry of Finance

 

8

 

0.01

 

0

 

0.00

Entities under common control

 

  

 

  

 

  

 

  

MoCI

 

1,329

 

1.01

 

1,342

 

1.07

Indosat

 

144

 

0.11

 

140

 

0.11

Others (each below Rp100 billion)

 

386

 

0.29

 

237

 

0.19

Sub-total

 

1,859

 

1.41

 

1,719

 

1.37

Associated companies

 

5

 

0.00

 

13

 

0.01

Other related entities

43

0.03

Total

 

1,872

 

1.42

 

1,775

 

1.41

Accrued expenses

 

  

 

  

 

  

 

  

Majority stockholder

 

  

 

  

 

  

 

  

Government

 

3

 

0.00

 

1

 

0.00

Entities under common control

 

  

 

  

 

  

 

  

PLN

 

81

 

0.06

 

57

 

0.05

State-owned banks

 

40

 

0.03

 

74

 

0.06

Others

 

7

 

0.01

 

2

 

0.00

Sub-total

 

128

 

0.10

 

133

 

0.11

Total

 

131

 

0.10

 

134

 

0.11

2021

2022

    

    

% of total

    

    

% of total

Amount

liabilities

Amount

liabilities

Contract liabilities

Majority stockholder

Government

19

0.01

34

0.03

Entities under common control

Government agencies

295

0.23

328

0.26

MoCI

118

0.09

62

0.05

Others (each below Rp100 billion)

229

0.17

171

0.14

Sub-total

642

0.49

561

0.45

Associated companies

2

0.00

2

0.00

Other related entities

1

0.00

3

0.00

Total

664

0.50

600

0.48

Customer deposits

 

19

 

0.01

 

19

 

0.02

Short-term bank loans (Note 19)

 

1,578

 

1.20

 

4,462

 

3.55

Two-step loans (Note 20a)

 

355

 

0.27

 

209

 

0.17

Long-term bank loans (Note 20c)

 

17,630

 

13.46

 

11,284

 

8.97

Other borrowings (Note 20d)

 

2,605

 

1.99

 

1,314

 

1.04

Schedule of remuneration of the Board of Commissioners and key management personnel

2020

2021

2022

 

    

    

% of total

    

    

% of total

    

    

% of total

 

Amount

expenses

Amount

expenses

Amount

expenses

 

Board of Directors

 

263

 

0.28

347

 

0.35

401

 

0.40

Board of Commissioners

 

108

 

0.12

140

 

0.14

164

 

0.16