XML 119 R74.htm IDEA: XBRL DOCUMENT v3.25.1
PENSION AND OTHER POST-EMPLOYMENT BENEFITS (Tables)
12 Months Ended
Dec. 31, 2024
PENSION AND OTHER POST-EMPLOYMENT BENEFITS  
Schedule of pension and other post-employment benefit liabilities

    

Notes

    

2023

    

2024

Pension benefit and other post-employment benefit obligations

  

 

  

 

  

Pension benefit

  

 

  

 

  

The Company - funded

29a.i.a

 

 

Defined pension benefit obligation

29a.i.a.i

 

3,666

 

3,543

Additional pension benefit obligation

29a.i.a.ii

 

44

 

42

The Company - unfunded

29a.i.b

 

258

 

215

Telkomsel

29a.ii

 

4,726

 

4,950

Projected pension benefit obligations

  

 

8,694

 

8,750

Net periodic post-employment health care benefit

29b

 

1,470

 

1,550

Other post-employment benefit

29c

 

244

 

175

Long service employee benefit

29d

1

1

Obligation under the Labor Law

29e

 

1,005

 

1,064

Total

  

 

11,414

 

11,540

Schedule of net periodic pension benefit cost

    

Notes

    

2022

    

2023

    

2024

Pension benefit cost

 

  

 

  

 

  

 

  

The Company – funded

 

29a.i.a

 

 

 

Defined pension benefit obligation

 

29a.i.a.i

 

577

 

629

 

518

Additional pension benefit obligation

 

29a.i.a.ii

 

37

 

3

 

3

The Company – unfunded

 

29a.i.b

 

58

 

54

 

(27)

Telkomsel

29a.ii

 

596

 

633

 

663

Total periodic pension benefit cost

 

1,268

 

1,319

 

1,157

Net periodic post-employment health care benefit cost

25,29b

 

213

 

205

 

282

Other post-employment benefit cost

 

25,29c

 

25

 

22

 

20

Long service employee benefit cost

25,29d

1

1

0

Obligation under the Labor Law

 

25,29e

 

78

 

217

 

232

Total

 

  

 

1,585

 

1,764

 

1,691

Summary of amounts recognized in other comprehensive income (loss)

    

Notes

    

2022

    

2023

    

2024

Defined benefit plan actuarial gain (loss)

The Company – funded

 

29a.i.a

 

 

 

Defined pension benefit obligation

 

29a.i.a.i

 

467

 

(524)

 

72

Additional pension benefit obligation

 

29a.i.a.ii

 

(7)

 

1

 

1

The Company – unfunded

 

29a.i.b

 

55

 

246

 

(53)

Telkomsel

 

29a.ii

 

218

 

91

 

420

Others

1

0

0

Post-employment health care benefit cost

 

29b

 

851

 

(1,265)

 

202

Other post-employment benefit

 

29c

 

14

 

(2)

 

6

Long service employee benefit

29d

0

Obligation under the Labor Law

 

29e

 

13

 

41

 

107

Sub-total

 

  

 

1,612

 

(1,412)

 

755

Deferred tax effect at the applicable tax rates

 

28h

 

(148)

 

23

 

(120)

Defined benefit plan actuarial gain (loss) – net of tax

 

  

 

1,464

 

(1,389)

 

635

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, 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 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

    

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, 2024

 

23,718

 

(20,052)

 

5,796

 

(1,070)

 

14,624

 

(13,154)

 

9,862

Service costs

 

279

 

 

346

 

 

 

 

625

Transferred employees costs

(2)

1

2

(2)

(1)

Interest costs (income)

 

1,533

 

(1,304)

 

381

 

(65)

 

966

 

(866)

 

645

Plan administration cost

 

(115)

 

115

 

 

1

 

 

182

 

183

Additional welfare benefits

 

34

 

 

 

 

 

 

34

Cost recognized in the consolidated statement of profit or loss

 

1,729

 

(1,188)

 

729

 

(66)

 

966

 

(684)

 

1,486

Actuarial (gain) loss on:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Experience adjustments

 

(609)

 

 

(121)

 

 

65

 

 

(665)

Changes in demographic assumptions

 

(1)

 

 

 

 

0

 

 

(1)

Changes in financial assumptions

 

(491)

 

 

(314)

 

 

(863)

 

 

(1,668)

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

 

 

1,029

 

 

15

 

 

596

 

1,640

Cost recognized in OCI

 

(1,101)

 

1,029

 

(435)

 

15

 

(798)

 

596

 

(694)

Employer’s contributions

 

 

(558)

 

 

(18)

 

 

 

(576)

Pension plan participants’ contributions

 

13

 

(13)

 

1

 

(1)

 

 

 

Benefits paid from plan assets

 

(1,948)

 

1,948

 

(2)

 

1

 

(640)

 

640

 

(1)

Benefits paid by employer

(34)

 

 

 

 

 

(34)

Balance, December 31, 2024

 

22,377

 

(18,834)

 

6,089

 

(1,139)

 

14,152

 

(12,602)

 

10,043

Projected pension benefit obligation at end of year

 

3,543

 

 

4,950

 

 

1,550

 

  

 

10,043

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

Expected Benefits Payment

 

The Company

 

 

 

Funded

Post-

Post-

Defined

Additional

 

 

employment

 

Other post-

employment

pension benefit

pension benefit

health care

employment

benefits

Time Period

    

obligation

    

obligation

    

Unfunded

    

Telkomsel

    

benefits

    

benefits

    

UUCK (Telkom)

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

 

5.54 years

9.18 years

12.39 years

4.51 years

11.18 years

2024

Within next 10 years

    

20,107

39

277

9,404

8,153

202

118

Within 10-20 years

 

15,035

28

110

13,131

13,311

118

488

Within 20-30 years

 

8,744

15

212

8,449

13,927

66

610

Within 30-40 years

 

3,079

5

20

410

7,896

2

41

Within 40-50 years

 

539

1

2,142

Within 50-60 years

 

37

340

Within 60-70 years

 

1

62

Within 70-80 years

 

7

Weighted average duration of DBO

 

8.16 years

8.16 years

6.48 years

8.49 years

13.39 years

5.18 years

10.71 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

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)

2024

 

Funded:

    

Defined pension benefit obligation

    

(1,809)

  

2,113

  

153

(146)

Unfunded

 

(11)

12

13

(12)

Telkomsel

 

(502)

568

623

(559)

Post-employment health care benefits

 

(1,663)

2,031

1,943

(1,624)

Other post-employment benefits

 

(9)

10

3

(3)

Post-employment benefits UUCK (Telkom)

(12)

14

37

(32)

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

    

2022

    

2023

    

2024

 

Discount rate

 

6.75% - 7.25%

6.70%

7.10%

Rate of compensation increases

 

6.10% - 8.00%

7.50% - 8.00%

7.25% - 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

2023

2024

    

Quoted in

    

    

Quoted in

    

active market

Unquoted

active market

Unquoted

Cash and cash equivalents

 

564

 

 

921

 

Equity instruments:

 

  

 

  

 

  

 

  

Financials

 

1,815

 

 

1,265

 

Consumer non-cyclicals

 

99

 

 

48

 

Basic material

 

278

 

 

203

 

Infrastructures

748

510

Energy

 

162

 

 

146

 

Technology

 

41

 

 

91

 

Industrials

 

269

 

 

239

 

Consumer cyclicals

 

521

 

 

448

 

Properties and real estate

 

113

 

 

110

 

Healthcare

211

175

Transportation and logistic

7

4

Equity-based mutual fund

 

379

 

 

193

 

Fixed income instruments:

 

  

 

  

 

  

 

  

Corporate bonds

 

 

2,469

 

 

2,034

Government bonds

 

10,350

 

 

10,608

 

Fixed income mutual funds

 

 

101

 

 

66

MTN

100

100

Asset-backed securities

13

7

Sukuk

1,063

935

Non-public equity:

 

 

  

 

 

  

Direct placement

 

 

374

 

 

377

Property

 

 

188

 

 

202

Others

 

 

366

 

 

356

Total

 

15,557

 

4,674

 

14,961

 

4,077

Schedule of actuarial assumptions

    

2022

    

2023

    

2024

 

Discount rate

 

7.25

%  

6.75

%  

7.00

%

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

    

2022

    

2023

    

2024

Discount rate

 

7.00% - 7.25%

6.75%

7.00%

Rate of compensation increases

 

6.10% - 8.00%

6.10% - 8.00%

6.00% - 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

2023

2024

Quoted in

Quoted in

    

active market

    

Unquoted

    

active market

    

Unquoted

Cash and cash equivalents

 

392

 

 

375

 

Equity instruments:

 

  

 

  

 

  

 

  

Financials

 

1,468

 

 

1,070

 

Consumer non-cyclicals

 

115

 

 

78

 

Basic material

 

260

 

 

197

 

Infrastructures

618

517

Energy

 

156

 

 

164

 

Technology

 

24

 

 

43

 

Industrials

 

261

 

 

242

 

Consumer cyclicals

 

395

 

 

355

 

Properties and real estate

 

110

 

 

96

 

Healthcare

147

118

Transportation and logistic

 

5

 

 

4

 

Equity-based mutual funds

 

435

 

 

313

 

Fixed income instruments:

 

 

  

 

 

  

Government obligations

1,271

1,837

Corporate obligations

6

196

Fixed income mutual funds

 

7,067

 

 

6,484

 

Exchange Traded Fund (“ETF”)

24

Index mutual funds

5

Unlisted shares:

 

 

 

 

Private placement

 

 

448

 

 

507

Total

 

12,730

 

448

 

12,118

 

507

Schedule of actuarial assumptions

    

2022

    

2023

    

2024

 

Discount rate

 

7.25

%  

6.75

%

7.00

%

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

 

2022

 

2023

2024

Indonesian mortality table

 

2019

 

2019

2019

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

    

2022

    

2023

    

2024

 

Discount rate

 

6.75

%  

6.50

%  

7.00

%

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, 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

The following table presents the changes in unfunded projected pension benefit obligations, additional pension benefit obligations, other post-employment benefit obligations and obligations under the Labor Law, changes in additional pension benefit plan assets, and net amount recognized in the consolidated statements of financial position as of December 31, 2023 and 2024, 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, 2024

258

44

244

1

1,005

1,552

Service costs

 

9

 

0

 

6

 

0

 

204

 

219

Past service costs

1

18

19

Interest costs

 

14

 

3

 

13

 

 

10

 

40

Transferred employees costs

(0)

(0)

(0)

(0)

Early retirement settlement costs

(50)

0

(0)

(0)

(50)

Cost recognized in the consolidated statement of profit or loss

 

(27)

 

3

 

20

 

 

232

 

228

Actuarial (gain) loss recognized in OCI

 

53

 

(1)

 

(6)

 

(0)

 

(107)

 

(61)

Benefits paid by employer

(69)

 

(4)

 

(83)

 

 

(62)

(218)

Divestment

(4)

(4)

Balance, December 31, 2024

 

215

 

42

 

175

 

1

 

1,064

 

1,497

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

    

2022

    

2023

    

2024

 

Discount rate

 

7.25

%  

6.75

%  

7.00

%

Indonesian mortality table

 

2019

 

2019

 

2019