Telekomunikasi Indonesia Tbk.

[S]
COMPANY REPORT : JULY 2010

As of 30 July 2010
Individual Index
:
890.336
20,159,999,280
Listed Shares
:
Market Capitalization: 170,351,993,916,000

Main Board
Industry Sector : Infrastructure, Utilities & Transportation (7)
Industry Sub Sector : Telecommunication (73)
COMPANY HISTORY
Established Date

: 24-Sep-1991

Listing Date

: 14-Nov-1995

Under Writer IPO :

TLKM

SHAREHOLDERS (July 2010)

10,320,470,712 : 51.19%

1. Negara Republik Indonesia

DIVIDEND ANNOUNCEMENT

PT Bahana Securities

Bonus
Shares

Cum
Date

Ex
Date

Recording
Date

24.48

07-Jun-96

10-Jun-96

18-Jun-96

17-Jul-96 F

41.25

13-May-97 14-May-97 23-May-97

20-Jun-97 F

Cash
Devidend

Payment
Date F/I

PT Danareksa Sekuritas

Year

PT Makindo

1995
1996

PT Datindo Entrycom

1997

32.75

22-May-98 25-May-98

02-Jun-98

01-Jul-98 F

Wisma Sudirman

1997

15.75

23-Nov-98

24-Nov-98

02-Dec-98

30-Dec-98 F

Jln. Jend. Sudirman Kav. 34 - 35 Jakarta 10220

1998

35.69

24-May-99 25-May-99

02-Jun-99

01-Jul-99 F

Phone : 570-9009

1998

15.30

24-May-99 25-May-99

02-Jun-99

30-Dec-99 F

Fax

1999

Securities Administration Bureau :

: 570-9026 - 28

BOARD OF COMMISSIONERS
1. Tanri Abeng
2. Arif Arryman *)
3. Bobby A.A. Nazief
4. Mahmuddin Yasin
5. Petrus Sartono *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Rinaldi Firmansyah
2. Arief Yahya
3. Ermady Dahlan

50 : 4

24-Jun-99

25-Jun-99

26-Apr-00

27-Apr-00

05-Jul-99

02-Aug-99

1999

53.88

05-May-00 22-May-00 F

1999

53.88

09-Oct-00

10-Oct-00

18-Oct-00

01-Nov-00

2000

44.08

31-May-01

01-Jun-01

07-Jun-01

21-Jun-01

2000

44.08

10-Oct-01

11-Oct-01

17-Oct-01

31-Oct-01 F
12-Aug-02 F

2001

210.82

24-Jul-02

25-Jul-02

30-Jul-02

2002

331.16

03-Jun-03

04-Jun-03

06-Jun-03

12-Jun-03 F

2003

301.95

23-Aug-04

24-Aug-04

26-Aug-04

07-Sep-04 F

2004

7.11

23-Dec-04

27-Dec-04

29-Dec-04

2005

144.90

15-Jul-05

18-Jul-05

20-Jul-05

03-Aug-05 F

06-Jan-05

09-Aug-06 F

2005

218.86

21-Jul-06

24-Jul-06

26-Jul-06

2006

48.45

21-Dec-06

22-Dec-06

27-Dec-06

2006

254.76

20-Jul-07

23-Jul-07

25-Jul-07

08-Aug-07 F
18-Dec-07 F

02-Jan-07

2007

48.45

29-Nov-07

30-Nov-07

04-Dec-07

2007

309.42

11-Jul-08

14-Jul-08

16-Jul-08

31-Jul-08 F

2007

97.73

09-Oct-08

10-Oct-08

14-Oct-08

28-Oct-08 F

6. Indra Utoyo
7. Prasetio

2008

296.94

07-Jul-09

08-Jul-09

10-Jul-09

2009

26.65

09-Dec-09

10-Dec-09

14-Dec-09

8. Sudiro Asno

2009

261.41

07-Jul-10

08-Jul-10

12-Jul-10

4. Faisal Syam
5. I Nyoman Gede Wiryanata

AUDIT COMMITTEE
1. Arif Aryman
2. Bobby A.A. Nazief
3. Jarot Kristiono

26-Jul-10 F

ISSUED HISTORY
Type of Listing

Shares

Listing
Date

Trading
Date

933,333,000

14-Nov-95 :
14-Nov-95 :
14-Nov-95

14-Nov-95

700,000,000

14-Nov-95

14-Nov-95

5. First Issue (divesment)

233,334,000

14-Nov-95

14-Nov-95

6. Bonus Shares

746,666,640

03-Aug-99

03-Aug-99

10,079,999,640

28-Sep-04

28-Sep-04

1. Negara RI (Seri A)

4. Moh. Ghazali Latief

5. P. Sartono

2. Negara RI (Seri B) (C/ L)

3. First Issue

6. Sahat Pardede
7. Salam

4. First Issue (LN)

CORPORATE SECRETARY

27-Jul-09 F
29-Dec-09

7. Stock Split

1
7,466,665,999

Agus Murdiyatno
HEAD OFFICE
Graha Citra Caraka 5th Fl.
Jln. Gatot Subroto No. 52, Jakarta
Phone : (021) 521-5109
Fax

: (021) 522-0500

Homepage : www.telkom.co.id
Email

: agus.murdiyatno@telkom.co.id

RESEARCH DIVISION

163

Telekomunikasi Indonesia Tbk. [S]

CLOSING PRICE* AND TRADING VOLUME
TELEKOMUNIKASI INDONESIA TBK. [S]
JANUARY 2006 - JULY 2010

Volume
(Mill. Sh)

14,000

210

12,000

180

10,000

150

8,000

120

6,000

90

4,000

60

2,000

30

Jan 06

Jan 07

Jan 08

Jan 09

Jan 10

CHANGE OF CLOSING PRICE

INFRASTRUCTURE INDEX AND JAKARTA COMPOSITE INDEX
JANUARY 2006 - JULY 2010
180%

180%

Jakarta Composite Index

Infrastructure Index
Closing Price

150%

150%

120%

120%

90%

90%

60%

60%

30%

30%

-30%
Jan 06

-30%
Jan 07

SHARES TRADED
Volume (Million Shares)
Value (Billion Rp)
Frequency (X)
Days
Price (Rupiah)
High
Low
Close
Close*
PER (X)
PER Industry (X)
PBV (X)

Jan 08

Jan 09

Jan 10

2006
6,425
49,812
146,394
242

2007
7,215
74,639
265,764
246

2008
7,768
60,829
299,972
240

2009
5,523
43,930
237,839
241

Jul-10
3,806
31,060
233,556
145

10,850
5,950
10,100
10,100

12,750
8,550
10,150
10,150

10,300
4,850
6,900
6,900

10,350
5,750
9,450
9,450

9,700
6,950
8,450
8,450

18.50
26.05
7.25

15.63
41.92
6.43

14.05
11.98
4.35

15.36
29.75
5.08

14.19
6.06
4.27

* Adjusted price after corporate action

TRADING ACTIVITIES
Closing Price
Month
High
Low Close
Jan-06
Feb-06
Mar-06
Apr-06
May-06
Jun-06
Jul-06
Aug-06
Sep-06
Oct-06
Nov-06
Dec-06
Jan-00
Jan-07
Feb-07
Mar-07
Apr-07
May-07
Jun-07
Jul-07
Aug-07
Sep-07
Oct-07
Nov-07
Dec-07
Jan-00
Jan-08
Feb-08
Mar-08
Apr-08
May 08
May-08
Jun-08
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-00
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09
Jan-00
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10

6,600
6,450
7,200
8,000
8,500
7,700
7,550
8,150
8,450
8,600
10,050
10,850

Freq.
(X)

Volume
Value
(Thou. Sh) (Million Rp)

Day

Closing
Price*

TLKM

5,950 6,300
5,950 6,200
6,050 6,900
6,850 7,550
6,800 7,050
6,650 7,350
7,000 7,450
7,450 7,900
7,650 8,450
8,150 8,400
8,350 9,900
9,550 10,100

10,411
8,699
9,315
7,735
19,033
18,636
12,379
9,626
11,824
8,897
11,644
18,195

507,456 3,160,350 20
432,855 2,680,561 20
501,941 3,326,498 21
420,740 3,059,603 18
1,006,511 7,666,563 21
637,140 4,538,213 22
447,474 3,247,757.5 21
376,934 2,979,312 20
394,251 3,180,818 21
321,617 2,674,653 17
703,108 6,529,377 22
674,609 6,768,081 19

10,450 9,300 9,450

9,750 8,550 8,900
9,900 8,950 9,850
10,850 9,850 10,500
10,500 9,300 9,550
9,900 9,550 9,850
11,600 9,800 11,200
11,250 9,550 10,850
11,350 10,600 11,000
12,750 10,550 10,750
11,600 9,850 10,150
11,250 9,800 10,150

20,666
24,620
18,046
16,661
25,052
11,752
20,925
14,470
12,021
30,673
42,656
28,222

508,186
608,607
473,856
433,243
711,389
569,235
652,738
450,770
518,731
821,627
899,412
566,964

4,997,350
5,656,539
4,415,928
4,473,449
6,939,074
5,522,673
7,000,874
4,765,249
5,685,350
9,614,843
9,609,114
5,958,592

22
20
21
20
21
20
22
22
20
20
22
16

10,300
10,250
10,000
9,850
9 100
9,100
8,300
8,100
8,100
8,000
7,850
6,450
7,400

8,250
9,100
8,850
8,750
7 800
7,800
7,200
6,550
7,200
5,900
4,850
5,150
5,500

9,250
9,800
9,650
8,850
8 100
8,100
7,300
7,700
8,000
7,150
5,400
5,850
6,900

40,888
23,233
19,882
15,966
24 880
24,880
26,665
32,583
17,816
20,108
31,717
29,163
17,071

929,539
497,625
461,439
590,024
589 160
589,160
688,759
758,461
661,408
657,155
897,159
675,027
362,736

8,581,098
4,916,638
4,356,160
5,397,561
5 012 410
5,012,410
5,321,903
5,661,883
5,089,729
4,667,114
5,613,182
3,821,470
2,389,409

20
19
18
22
20
21
22
20
21
18
20
19

7,450
6,650
7,900
8,000
8,100
8,000
9,450
9,100
8,800
8,950
9,150
10,350

6,200
5,750
6,150
6,850
7,000
7,300
7,550
8,300
8,250
7,850
8,100
8,950

6,300
6,300
7,550
7,850
7,450
7,500
8,950
8,400
8,650
8,400
9,000
9,450

13,706
15,355
14,268
31,720
25,920
18,453
27,935
25,116
19,182
18,307
12,783
15,094

299,622
269,828
314,739
703,569
539,601
643,122
687,066
517,851
329,307
478,252
347,591
392,778

2,017,546
1,691,385
2,199,590
5,193,383
4,054,381
4,885,098
5,709,849
4,486,164
2,791,554
4,108,213
3,042,163
3,750,416

19
20
20
20
20
22
21
20
18
22
20
19

9,700
9,450
8,800
8,350
8,050
8,100
8,450

9,200
8,200
7,950
7,500
6,950
7,450
7,600

9,350
8,300
8,050
7,850
7,750
7,700
8,450

20,466
21,760
48,566
48,650
35,324
26,651
32,139

343,755
374,201
687,405
698,151
686,175
475,632
540,356

3,245,848
3,260,891
5,704,868
5,567,192
5,233,080
3,744,786
4,302,992

20
19
22
21
19
22
22

Telekomunikasi Indonesia Tbk. [S]

TLKM

Financial Data and Ratios

Public Accountant : Tanudiredja, Wibisana & Rekan (Member of PricewaterhouseCoopers Global Network)
BALANCE SHEET

Dec-2006

Dec-2007

Dec-2008

Dec-2009

Jun-2010

Cash & Cash Equivalents

8,315,836 10,140,791

6,889,945

7,085,460

8,271,849

R
Receivable
i bl

3
3,865,012
865 012

3,511,996
3 511 996

3
3,618,643
618 643

3,917,709
3 917 709

4,819,492
4 819 492

Inventories

213,329

211,441

511,950

435,244

506,653

Book End : December

TOTAL ASSETS AND LIABILITIES

(Million Rp except Par Value)

(Billion Rupiah)
100,000

Assets

Liabilities

2006

2007

80,000

Current Assets

13,920,792 15,978,095 14,622,310 16,186,024 17,729,232

Fixed Assets

55,232,692 61,168,983 71,066,244 76,419,897 76,047,669

Other Assets
Total Assets

1,408,764

3,187,808

2,234,288

3,010,780

75,135,745 82,058,760 91,256,250 97,559,606 99,050,328

Growth (%)

9.21%

11.21%

6.91%

1.53%

60,000
40,000
20,000
-

Current Liabilities

20,535,685 20,674,629 26,998,151 26,717,414 30,798,757

Long Term Liabilities

18,344,284 18,330,790 20,260,248 20,919,098 18,630,793

Total Liabilities

38,879,969 39,005,419 47,258,399 47,636,512 49,429,550

Growth (%)
Minority Interest
Authorized Capital
Paid up Capital
Paid up Capital (Shares)

0.32%
8,187,087

9,304,762

21.16%

0.80%

3.76%

9,683,780 10,933,347

9,747,485

5,040,000

5,040,000

5,040,000

5,040,000

20,160

20,160

20,160

20,160

20,160

250

250

250

250

250

2009

Jun-10

TOTAL EQUITY (Billion Rupiah)

20,000,000 20,000,000 20,000,000 20,000,000 20,000,000

5,040,000

2008

31,899

33,749

34,314

2007

2008

38,990

39,873

2009

Jun-10

28,069

23,924

Par Value
Retained Earnings

22,105,438 28,915,008 31,499,963 36,467,205 37,328,600

Total Equity

28,068,689 33,748,579 34,314,071 38,989,747 39,873,293

Growth (%)
INCOME STATEMENTS
Total Revenues

Dec-2006

20.24%

1.68%

13.63%

2.27%

Dec-2007

Dec-2008

Dec-2009

Jun-2010

15,949

7,975

2006

51,294,008 59,440,011 60,689,784 64,596,635 34,243,096

Growth (%)

15.88%

2.10%

6.44%

Expenses

29,700,767 32,967,303 38,382,309 41,993,494 22,883,575

Gross Profit

21,593,241 26,472,708 22,307,475 22,603,141 11,359,521

Operating Expenses

29,700,767 32,967,303 38,382,309 41,993,494 22,883,575

Operating Profit

21,593,241 26,472,708 22,307,475 22,603,141 11,359,521

Growth (%)

22.60%

-15.73%

1.33%

-877,055 -1,994,667

-253,853

TOTAL REVENUES (Billion Rupiah)

59,440

60,690

51,294
51,677

34,243

38,758

Other Income (Expenses)

Income before Tax
Tax

400,364

-479,147

21,993,605 25,595,653 20,312,808 22,349,288 10,880,374

7,039,927

7,927,823

5,639,695

6,373,076

Minority Interest

-3,948,101 -4,810,812 -4,053,643 -4,644,072 -2,059,746

Net Income

11,005,577 12,857,018 10,619,470 11,332,140

Growth (%)

6,003,275

16.82%

-17.40%

6.71%

Dec-2006

Dec-2007

Dec-2008

Dec-2009

Jun-2010

67.79

77.28

54.16

60.58

57.56

Dividend (Rp)

303.21

455.60

296.94

288.06

EPS (Rp)

545.91

637.75

526.76

562.11

297.78

BV (Rp)

1,392.30

1,674.04

1,702.09

1,934.02

1,977.84

DAR (X)

0.52

0.48

0.52

0.49

0.50

RATIOS
Current Ratio (%)

25,839

2,817,353
12,919

2006

DER(X)

1.39

1.16

1.38

1.22

1.24

ROA (%)

29.27

31.19

22.26

22.91

10.98

ROE (%)

78.36

75.84

59.20

57.32

27.29

GPM (%)

42.10

44.54

36.76

34.99

33.17

OPM (%)

42.10

44.54

36.76

34.99

33.17

NPM (%)

21.46

21.63

17.50

17.54

17.53

Payout Ratio (%)

55.54

71.44

56.37

51.25

3.00

4.49

4.30

3.05

2007

2008

2009

Jun-10

NET INCOME (Billion Rupiah)

12,857
12,857

11,006

10,619

11,332

10,286

7,714

Yield ((%))

6,003
5,143

2,571

2006

2007

2008

2009

Jun-10