Total opex in Q4 2006 was Rp 714 billion, which represented 53% increase YoY from Rp 466 billion in Q4 2005 and 31% increase QoQ from Rp 543 billion in Q3 2006. FY 2006 opex increased by 61% to Rp 2,128 billion from Rp 1,324 billion in FY 2005. The increase in FY 2006 opex was due to the followings:
"
TM*
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#
Cellular industry # subscriber (million) 51,688 67,500 * 31%
%
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PJTKI/APJATI Serumpun – Indonesian Labour Company Association for Malaysia and Brunei Darusalam) and New Technology and Innovation Sdn Bhd (NTI) – official distributor for X-pax from Celcom Malaysia, launched bundled pack of Jimat starter pack from XL and X-pax from Celcom. X-pax will be used by Indonesian labours who work in Malaysia and Jimat will be used by their families in Indonesia. Under this program, the Indonesian labours who use X-pax will enjoy special tariff of RM 0.45/minute to call Jimat number in Indonesia, and their family will enjoy special tariff of Rp 500 per 30 seconds to call X-pax number in Malaysia and Rp 250/SMS to send SMS to X-pax number.
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6 $ 3 # " " 9 $Achieving Company’s Profitability by Implementing
Convergence Communication Services held in Novotel Hotel, Batam in November 2006.
" D /: " # " 8 " "" 9 " # " $ 3 & " " and demonstrated directly on how to utilize 3G services. On that
occasion, it was also explained how to take benefit from 3G application to support business activity such as how to make a video call and how to access internet.
6 - @ # 8 " "" 9 " & & Malaysian Club Business Council Gathering
event held in Malaysian Embassy. During this event, Business Solutions informed the visitors, mostly companies from Malaysia, about XL business solutions services including 3G services.
Another Seminar and Exhibition was held at the end of 2006 in Balai Kartini, Jakarta with topic of ‘Enhancing Fixed & Mobile Convergence Solutions through The Implementation of 3G Technology’. During the exhibition, Business Solutions demonstrated various services such as Fixed & Mobile Convergence (FMC), launching 3G Corporate Data Plan, i.e. data communication services and broadband access using XL 3G and introduce XL Blackberry.
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Board of Director
President Director Hasnul Suhaimi
Director Joris de Fretes
Director Md Nasir Ahmad
Director P. Nicanor V. Santiago III
Director Hilmi bin Mohd. Yunus
Director Joy Wahyudi
## . !#
Income Statement (In Rp Billion) Q1 05 Q2 05 Q3 05 Q4 05 Q1 06 Q2 06 Q3 06 Q4 06
GSM:
Postpaid 61 66 83 95 120 158 176 178
Prepaid 560 619 740 877 799 990 1,061 1,195 Interconnection & Inroaming 196 201 214 211 231 250 276 268
Other GSM (Starter Pack, VoIP, etc.) 41 63 77 82 90 102 131 164
Total GSM 858 949 1,114 1,265 1,240 1,500 1,645 1,805 Non GSM 23 30 29 33 47 67 68 95
Total Gross Revenue 881 979 1,143 1,298 1,287 1,566 1,712 1,900 Less: Discount (37) (105) (171) (198) (81) (201) (166) (240)
Less: COGS (Interconnection, BHP, USO, Starter Pack & Voucher) (147) (171) (207) (205) (236) (257) (292) (312)
Net Revenue 698 703 765 894 971 1,108 1,255 1,348 Labor Cost (Permanent & Temporary) 68 65 73 125 96 100 150 149
Marketing & Selling expenses 72 72 84 130 101 158 147 247
Infrastructure Expenses 78 91 95 127 132 139 148 197
Support & Overhead Expenses 49 50 60 85 70 76 98 121
Total OPEX 268 279 312 466 399 472 543 714
EBITDA 430 424 453 428 572 636 712 634
EBITDA Margin 49% 43% 40% 33% 44% 41% 42% 33% Depreciation & Amortization 257 279 298 332 338 369 416 403
EBIT 174 146 155 95 234 267 296 231
Other Income/(Expense) Interest expense (109) (111) (97) (83) (103) (103) (105) (105)
Interest income 4 4 2 11 21 11 10 9
Forex gain/(loss) (75) (94) (335) 142 356 (149) 25 113
Others (4) (12) (128) 3 (7) (6) (5) 12
Total Other Expense (184) (213) (559) 72 267 (247) (74) 29
Profit/(Loss) Before Tax (10) (67) (404) 168 501 20 221 259
Income tax benefit/(expense) 6 19 118 (53) (147) (16) (79) (108)
