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Income Statement (In Rp Billion) 9M06 9M07 Growth
GSM:
Postpaid 453 598 32%
Prepaid 2,851 3,713 30%
Interconnection & Inroaming 757 804 6%
Other GSM (Starter Pack, VoIP, etc.) 323 274 -15%
Total GSM 4,384 5,389 23%
Non GSM 181 344 90%
Revenue 4,566 5,733 26%
Less: Discount (448) (307) -32%
Revenue Net of Discount 4,118 5,426 32%
Interconnection and Telecommunication Service Charges 784 1,019 30%
Labor Cost (Permanent & Temporary) 346 353 2%
Marketing & Selling expenses 406 576 42%
Infrastructure Expenses 416 752 81%
Support & Overhead Expenses 246 296 20%
Total OPEX 2,198 2,995 36%
EBITDA 1,920 2,431 27%
EBITDA Margin 42.0% 42.4% N/A
Depreciation & Amortization 1,122 1,329 18%
EBIT 797 1,102 38%
Other Income/(Expenses)
Interest expense (311) (495) 59%
Interest income 42 42 -1%
Forex gain 232 9 -96%
Others (17) (323) 1776%
Total Other Income/(Expenses) (54) (768) 1320%
Profit Before Tax 743 335 -55%
Income tax expense (242) (179) -26%
Profit After Tax 501 156 -69%
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Balance Sheet (In Rp Billion) 9M06 9M07 Growth
Current Assets
Cash and cash equivalents 499 611 23%
Trade and other receivables - net 197 301 53%
Prepayments 479 514 7%
Others 24 87 270%
Total Current Assets 1,198 1,514 26%
Non-Current Assets 10,650 14,998 41%
Total Assets 11,849 16,512 39%
Current Liabilities
Trade and other payables 1,559 2,256 45%
Taxes payable 24 53 121%
Deferred revenue 131 365 179%
Total current liabilities 1,714 2,674 56%
Non-Current Liabilities
Trade payables 260 235 -10%
Deferred tax liabilities 239 526 120%
Long term loan - 1,736 N/A
Long term bonds 5,469 6,923 27%
Provision for employee benefits 36 48 33%
Total Non-Current Liabilities 6,005 9,468 58%
Total Liabilities 7,718 12,142 57%
Equity
Share capital & capital surplus 3,401 3,401 0%
Retained earnings 730 969 33%
Total Equity 4,130 4,370 6%
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Cash Flow (In Rp Billion) 9M06 9M07 Growth
Net cash flow provided from operating activities 1,819 2,149 18%
Net cash flow used in investing activities (3,569) (4,798) 34%
Free cash flow (1,751) (2,649) 51%
Net cash flow provided from financing activities 1,367 2,675 96%
Net (decrease)/increase in cash and cash equivalents (384) 26 N/A
Cash and cash equivalents at the beginning of the year 880 587 -33%
Effect of exchange rate changes on cash and cash equivalents 2 (2) N/A
Cash and cash equivalents at the end of the period 499 611 23%
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Banks - 1,736 N/A
Bonds 5,469 6,923 27%
USD Bond 1 3,203 3,181 -1%
USD Bond 2 2,266 2,249 -1%
IDR Bond - 1,493 N/A
Total debts 5,469 8,659 58%
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Operating Key Performance Indicator 9M06 9M07 Growth
Total O/G Minutes of Usage (billion minutes) 1.8 3.2 75%
O/G MOU/subs/month (minutes) 25 34 38%
Total O/G SMS (billion SMS) 5.9 8.8 49%
O/G SMS/subs/month (SMS) 80 94 19%
Total # subscriber (000) 8,369 12,810 53%
Prepaid 8,004 12,369 55%
Postpaid 365 442 21%
ARPU blended (Rp 000) 45 46 2%
Prepaid 40 41 2%
Postpaid 177 152 -14%
Total BTS 6,537 9,947 52%
Number of Employee (permanent) 2,022 2,126 5%
Capitalized capex (Rp Billion) 3,322 4,649 40%
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Launched on 15 September 2007 Launched on 24 August 2007
Launched on 15 July 2007
Peak Hours: 5.00 pm-10.59
pm
Off-Peak Hours: 11.00 pm-4.59
pm Nationwide
(excl. Sumatra &
Sulawesi) Sumatra Sulawesi
East Java, Central Java and Kalimantan
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