Composi on of Cash Receipt and Cash Disbursement from 2016 to 2018 on graphic below.
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Comparison of Cash Flow for Year Ended December 31, 2018 Compared to Year Ended December 31, 2017
Telkom total cash and cash equivalents as of December 31, 2018 amounted to Rp17,439 billion (US$1,213 million), decreased by Rp7,706 billion or 30.6% compared to Rp25,145 billion 2017. The largest cash receipts by Rp131,469 billion or 78.3% came from opera ons ac vi es, followed by receipts from funding ac vi es by Rp35,398 billion or 21.1% and from investment ac vi es by Rp962 billion or 0.6%. Cash receipts is mostly used for opera ng ac vi es by Rp85,798 billion or 48.8%, investment ac vity by Rp53,856 billion or 30.7% and funding ac vi es by Rp36,052 billion or 20.5%.
1. Cash Flows from Opera ng Ac vi es
In 2018, Telkom recorded net cash provided by opera ng ac vi es were Rp45,671 billion (US$3,176 million) compared to Rp49,405 billion in 2017. Cash receipts from opera ng ac vi es amounted to Rp131,469 billion, increased by Rp3,800 billion or 3.0% compared to 2017. The cash receipts came from:
• Cash receipts from customers and other operators of Rp127,855 billion,
• Interest income received of Rp1,036 billion, and
• Receipts of tax refund of Rp2,578 billion.
Cash disbursements from opera ng ac vi es amounted to Rp85,798 billion (US$5,966 million) in 2018, increased by Rp7,534 billion or 9,6% compared to 2017. The cash disbursements were used for:
• Cash for expenses of Rp54,099 billion,
• Cash for employees of Rp12,657 billion,
• Cash for corporate and final income taxes of Rp10,375 billion,
• Payments for interest cost of Rp3,735 billion,
• Cash for value added taxes-net a er of Rp3,434 billion, and
• Other cash (payments) receipts – net of Rp1,498 billion.
2. Cash Flows from Inves ng Ac vi es
In 2018, net cash flows used in inves ng ac vi es was Rp35,090 billion (US$2,440 million) an increase than Rp33,007 billion in 2017. Cash receipts from inves ng ac vi es amounted to Rp962 billion in 2018 compared to Rp1,550 billion in 2017. It was decreased by Rp588 billion or 37.9%. The cash receipts came from:
• Proceeds from sale of property and equipment of Rp629 billion,
• Placement in me deposits and available-for-sale financial assets of Rp171 billion.
• Proceeds from insurance claims of Rp153 billion, and
• Dividen received from associated companies of Rp9 billion.
Cash disbursements from inves ng ac vi es was Rp36,052 billion, increased by Rp1,495 billion or 4.3% compared to Rp34,557 billion in 2017. Cash disbursements were used for:
• Purchases of property and equipment of Rp31,562 billion,
• Purchases of intangible assets of Rp2,972 billion,
• Increase of other assets of Rp461 billion,
• Acquisi on of businesses - net of acquired cash of Rp420 billion,
• Addi onal contribu on on long-term investments of Rp337 billio, and
• Advance for purchases of property and equipment by Rp300 billion.
3. Cash Flows from Financing Ac vi es
Net cash flows used in financing ac vi es in 2018 was Rp18,458 billion (US$1,284 million) compared to with Rp21,052 billion in 2017. Cash receipts from financing ac vi es amounted to Rp35,398 billion, which increased by Rp23,179 billion or 189.7% from Rp12,219 billion in 2017. The cash receipts came from:
• Proceeds from bank loans and other borrowings of Rp35,364 billion and
• Capital contribu on of non-controlling interests in subsidiaries of Rp34 billion.
In 2018, Telkom made cash disbursement for financing ac vi es of Rp53,856 billion. Compared to Rp33,271 billion in 2017, the amount increased by Rp20,585 billion or 61.9%. The cash disbursements were used for:
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• Cash dividends paid to the company stockholders and to non-controlling interest of subsidiaries of Rp16,609 billion, and Rp10,134 billion, and
• Repayment of loans and other borrowings of Rp27,113 billion.
Comparison of Cash Flow for Year Ended December 31, 2017 Compared to Year Ended December 31, 2016
The total cash and cash equivalents as of December 31, 2017 amounted to Rp25,145 billion, decreased by Rp4,622 billion or 15.5% compared to Rp29,767 billion 2016. The largest cash receipts by Rp127,669 or 90.3% came from opera ons ac vi es, followed by receipts from financing ac vi es by Rp12,219 billion or 8.6% and from investment ac vi es by Rp1,550 billion or 1.1%. Cash received is mostly used for opera ng ac vi es by Rp78,264 billion or 53.5%, investment ac vity by Rp34,557 billion or 23.7% and financing ac vi es by Rp33,271 billion or 22.8%.
1. Cash Flow from Opera ng Ac vi es
In 2017, Telkom recorded net cash provided by opera ng ac vi es at Rp49,405 billion compared to Rp47,231 billion in 2016. Cash receipts from opera ng ac vi es amounted to Rp127,669 billion, increased by Rp9,343 billion, or 7.9%
compared to 2016. The cash receipts came from:
• Cash receipts from customers and other operator of Rp125,111 billion;
• Interest income received of Rp1,431 billion;
• Other cash receipts of Rp542 billion;
• Tax refund receipts of Rp585 billion.
Cash disbursements from opera ng ac vi es amounted to Rp78,264 billion, increased by Rp7,169 billion, or 10.1%
compared to 2016. The cash disbursements were used for:
• Cash payments for expenses of Rp49,604 billion;
• Payment for corporate and final income taxes of Rp11,846 billion;
• Cash payments to employees of Rp11,739 billion;
• Payments for interest cost of Rp3,133 billion;
• Payment for value added taxes a er of Rp1,942 billion.
2. Cash Flow form Inves ng Ac vi es
In 2017, net cash flows used in inves ng ac vi es were Rp33,007 billion an increase of Rp27,557 billion in 2016. Cash receipts from inves ng ac vi es amounted to Rp1,550 billion in 2017, compared to Rp3,007 billion recorded in 2016, The amount is decreased by Rp1,457 billion, or 48.5%. The cash receipts came from:
• Proceeds from sale of property and equipment of Rp1,367 billion;
• Proceeds from insurance claims of Rp155 billion.
• Dividends received from associated companies of Rp28 billion.
Cash disbursements from inves ng ac vi es amounted to Rp34,557 billion, increased by Rp3,993 billion, or 13.1%
compared to Rp30,564 billion in 2016.Cash disbursements were used for:
• Purchases of property and equipment of Rp32,294 billion;
• Placement in me deposits and available-for-sale financial assets of Rp676 billion
• Purchases of intangible assets of Rp508 billion;
• Increases advances for purchases of property and equipment of Rp490 billion;
• Addi onal contribu on on long-term investments of Rp269 billion;
• Business acquisi on, net of acquired cash of Rp243 billion;
• Purchases of other assets of Rp77 billion.
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3. Cash Flows from Financing Ac vi es
Net cash flows used in financing ac vi es in 2017 were Rp21,052 billion compared to with Rp17,905 billion in 2016.
Cash receipts from financing ac vi es amounted to Rp12,219 billion, which increased by Rp1,298 billion, or 11.9%
from Rp10,921 billion in 2016. The cash receipts came from:
• Proceeds from bank loans and other borrowings of Rp12,169 billion;
• Capital contribu on of non-controlling interests in subsdiaries of Rp50 billion.
In 2017, Telkom had cash disbursement for financing ac vi es of Rp33,271 billion. Compared to cash disbursement of Rp28,826 billion in 2016, the amount increased by Rp4,445 billion or 15.4%. The cash disbursements were used for:
• Cash devidends paid to the Company’s stockholders and to non-controlling interest of subsidiaries of Rp11,627 billion, and Rp12,355 billion.
• Repayment of loans and other borrowings of Rp9,289 billion.
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