XML 114 R72.htm IDEA: XBRL DOCUMENT v3.24.1
PENSION AND OTHER POST-EMPLOYMENT BENEFITS (Tables)
12 Months Ended
Dec. 31, 2023
PENSION AND OTHER POST-EMPLOYMENT BENEFITS  
Schedule of pension and other post-employment benefit liabilities

    

Notes

    

2022

    

2023

Pension benefit and other post-employment benefit obligations

  

 

  

 

  

Pension benefit

  

 

  

 

  

The Company - funded

29a.i.a

 

 

Defined pension benefit obligation

29a.i.a.i

 

4,234

 

3,666

Additional pension benefit obligation

29a.i.a.ii

 

44

 

44

The Company - unfunded

29a.i.b

 

522

 

258

Telkomsel

29a.ii

 

4,275

 

4,726

Projected pension benefit obligations

  

 

9,075

 

8,694

Net periodic post-employment health care benefit

29b

 

 

1,470

Other post-employment benefit

29c

 

268

 

244

Long service employee benefit

29d

1

1

Obligation under the Labor Law

29e

 

928

 

1,005

Total

  

 

10,272

 

11,414

Schedule of net periodic pension benefit cost

    

Notes

    

2021

    

2022

    

2023

Pension benefit cost

 

  

 

  

 

  

 

  

The Company - funded

 

29a.i.a

 

 

 

Defined pension benefit obligation

 

29a.i.a.i

 

732

 

577

 

629

Additional pension benefit obligation

 

29a.i.a.ii

 

 

37

 

3

The Company - unfunded

 

29a.i.b

 

74

 

58

 

54

Telkomsel

29a.ii

 

331

 

596

 

633

Total periodic pension benefit cost

 

1,137

 

1,268

 

1,319

Net periodic post-employment health care benefit cost

25,29b

 

263

 

213

 

205

Other post-employment benefit cost

 

25,29c

 

23

 

25

 

22

Long service employee benefit cost

25,29d

3

1

1

Obligation under the Labor Law

 

25,29e

 

254

 

78

 

217

Total

 

  

 

1,680

 

1,585

 

1,764

Summary of amounts recognized in other comprehensive income (loss)

    

Notes

    

2021

    

2022

    

2023

Defined benefit plan actuarial gain (loss)

The Company - funded

 

29a.i.a

 

 

 

Defined pension benefit obligation

 

29a.i.a.i

 

1,123

 

467

 

(524)

Additional pension benefit obligation

 

29a.i.a.ii

 

0

 

(7)

 

1

The Company - unfunded

 

29a.i.b

 

82

 

55

 

246

Telkomsel

 

29a.ii

 

(110)

 

218

 

91

Others

(3)

1

0

Post-employment health care benefit cost

 

29b

 

1,032

 

851

 

(1,265)

Other post-employment benefit

 

29c

 

2

 

14

 

(2)

Obligation under the Labor Law

 

29e

 

42

 

13

 

41

Sub-total

 

  

 

2,168

 

1,612

 

(1,412)

Deferred tax effect at the applicable tax rates

 

28h

 

(213)

 

(148)

 

23

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

 

  

 

1,955

 

1,464

 

(1,389)

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, 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

    

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, 2023

 

23,136

 

(18,902)

 

5,128

 

(853)

 

12,878

 

(12,878)

 

8,509

Service costs

 

326

 

 

331

 

 

 

 

657

Settlement costs

(2)

2

Interest costs (income)

 

1,573

 

(1,295)

 

369

 

(67)

 

913

 

(898)

 

595

Plan administration cost

 

(126)

 

126

 

 

0

 

 

187

 

187

Interest expense on effect of asset ceiling

3

3

Additional welfare benefits

 

50

 

 

 

 

 

 

50

Cost recognized in the consolidated statement of profit or loss

 

1,821

 

(1,167)

 

700

 

(67)

 

913

 

(708)

 

1,492

Actuarial (gain) loss on:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Experience adjustments

 

91

 

 

(76)

 

 

(907)

 

 

(892)

Changes in demographic assumptions

 

 

 

 

 

 

 

Changes in financial assumptions

 

906

 

 

(40)

 

 

2,349

 

 

3,215

Return on plan assets

 

  

 

  

 

  

 

  

 

  

 

  

 

  

(excluding amount included in

 

  

 

  

 

  

 

  

 

  

 

  

 

  

net interest expense)

 

 

(473)

 

 

25

 

 

(89)

 

(537)

Changes in asset ceiling

 

 

 

 

 

 

(88)

 

(88)

Cost recognized in OCI

 

997

 

(473)

 

(116)

 

25

 

1,442

 

(177)

 

1,698

Employer’s contributions

 

 

(1,635)

 

 

(4)

 

 

 

(1,639)

Pension plan participants’ contributions

 

17

 

(17)

 

 

 

 

 

Benefits paid from plan assets

 

(1,972)

 

1,972

 

(149)

 

 

(586)

 

586

 

(149)

Benefits paid by employer

(50)

(50)

Benefit obligation from transferred employees

233

(171)

62

Effect on transfer of IndiHome business to Telkomsel

 

(231)

 

170

 

 

 

(23)

 

23

 

(61)

Balance, December 31, 2023

 

23,718

 

(20,052)

 

5,796

 

(1,070)

 

14,624

 

(13,154)

 

9,862

Projected pension benefit

 

  

 

  

 

  

 

  

 

  

 

  

 

  

obligation at end of year

 

3,666

 

 

4,726

 

 

1,470

 

  

 

9,862

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)

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

2023

Within next 10 years

    

21,044

39

340

8,833

8,929

281

83

Within 10-20 years

 

15,850

30

79

13,778

13,651

116

426

Within 20-30 years

 

9,623

16

139

9,184

12,128

70

485

Within 30-40 years

 

3,630

5

21

439

5,114

3

49

Within 40-50 years

 

693

1

819

Within 50-60 years

 

53

48

Within 60-70 years

 

1

5

Within 70-80 years

 

1

Weighted average duration of DBO

 

8.42 years

8.42 years

5.45 years

9.18 years

12.39 years

4.51 years

11.18 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

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)

2023

 

Funded:

    

Defined pension benefit obligation

    

(2,030)

  

2,387

  

235

  

(224)

Unfunded

 

(10)

12

13

(12)

Telkomsel

 

(529)

602

651

(582)

Post-employment health care benefits

 

(1,609)

1,939

1,845

(1,565)

Other post-employment benefits

 

(11)

12

3

(3)

Post-employment benefits UUCK (Telkom)

(10)

12

33

(28)

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

    

2021

    

2022

    

2023

 

Discount rate

 

7.00%

6.75% - 7.25%

6.70%

Rate of compensation increases

 

8.00%

6.10% - 8.00%

7.50% - 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

2022

2023

    

Quoted in

    

    

Quoted in

    

active market

Unquoted

active market

Unquoted

Cash and cash equivalents

 

1,320

 

 

559

 

Equity instruments:

 

  

 

  

 

  

 

  

Financials

 

1,638

 

 

1,799

 

Consumer non-cyclicals

 

505

 

 

98

 

Basic material

 

271

 

 

276

 

Infrastructures

639

741

Energy

 

141

 

 

161

 

Technology

 

89

 

 

41

 

Industrials

 

315

 

 

267

 

Consumer Cyclicals

 

115

 

 

516

 

Properties and real estate

 

98

 

 

112

 

Healthcare

208

209

Transportation and logistic

8

7

Equity-based mutual fund

 

410

 

 

376

 

Fixed income instruments:

 

  

 

  

 

  

 

  

Corporate bonds

 

 

3,117

 

 

2,447

Government bonds

 

7,884

 

 

10,257

 

Fixed income mutual funds ("RDPT")

 

 

122

 

 

100

Midterm notes ("MTN")

100

99

Asset-backed securities ("EBA")

30

13

Sukuk

1,090

1,054

Non-public equity:

 

 

  

 

 

  

Direct placement

 

 

368

 

 

371

Property

 

 

187

 

 

186

Others

 

 

247

 

 

363

Total

 

13,641

 

5,261

 

15,419

 

4,633

Schedule of actuarial assumptions

    

2021

    

2022

    

2023

 

Discount rate

 

7.00

%  

7.25

%  

6.75

%

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

    

2021

    

2022

    

2023

Discount rate

 

5.75% - 7.00%

7.00% - 7.25%

6.75%

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

2022

2023

Quoted in

Quoted in

    

active market

    

Unquoted

    

active market

    

Unquoted

Cash and cash equivalents

 

1,085

 

 

391

 

Equity instruments:

 

  

 

  

 

  

 

  

Financials

 

1,368

 

 

1,465

 

Consumer Non-Cyclicals

 

114

 

 

115

 

Basic material

 

264

 

 

260

 

Infrastructures

598

617

Energy

 

221

 

 

156

 

Technology

 

63

 

 

24

 

Industrials

 

185

 

 

261

 

Consumer Cyclicals

 

457

 

 

394

 

Properties and real estate

 

95

 

 

110

 

Healthcare

233

147

Transportation and logistic

 

3

 

 

5

 

Equity-based mutual funds

 

1,035

 

 

434

 

Fixed income instruments:

 

 

  

 

 

  

Government obligations

82

1,269

Corporate obligations

6

Fixed income mutual funds

 

6,761

 

 

7,053

 

Unlisted shares:

 

 

 

 

Private placement

 

 

398

 

 

447

Total

 

12,564

 

398

 

12,707

 

447

Schedule of actuarial assumptions

    

2021

    

2022

    

2023

 

Discount rate

 

7.50

%  

7.25

%

6.75

%

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

 

2021

 

2022

2023

Indonesian mortality table

 

2019

 

2019

2019

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

    

2021

    

2022

    

2023

 

Discount rate

 

6.25

%  

6.75

%  

6.50

%

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, 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 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

    

    

    

    

    

    

    

    

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, 2023

522

44

268

1

928

1,763

Service costs

 

22

 

 

7

 

1

 

152

 

182

Interest costs

 

32

 

3

 

15

 

 

65

 

115

Cost recognized in the consolidated statement of profit or loss

 

54

 

3

 

22

 

1

 

217

 

297

Actuarial (gain) loss recognized in OCI

 

(246)

 

(1)

 

2

 

 

(41)

 

(286)

Benefits paid by employer

(53)

(2)

(38)

(1)

(102)

(196)

Effect on transfer of IndiHome business to Telkomsel

 

(19)

 

0

 

(10)

 

 

3

 

(26)

Balance, December 31, 2023

 

258

 

44

 

244

 

1

 

1,005

 

1,552

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

    

2021

    

2022

    

2023

 

Discount rate

 

7.00

%  

7.25

%  

6.75

%

Indonesian mortality table

 

2019

 

2019

 

2019