Kementerian Badan Usaha Milik Negara or the Ministry of State-Owned Enterprises of the Republic of Indonesia. A generic term commonly used to refer to the delivery of audio, video and other media over the Internet without the involvement of a multi-system operator in the control or distribution of the content.
OFFER STATISTICS AND EXPECTED TIMETABLE Not applicable
KEY INFORMATION
SELECTED FINANCIAL DATA
Based on the decree of the head of the PKLN, we are obliged to obtain the consent of the PKLN before taking out foreign commercial loans. During the duration of the loan, we must also submit periodic reports to PKLN.
CAPITALIZATION AND INDEBTEDNESS Not applicable
For example, only banks are authorized to deal in foreign exchange and carry out exchange transactions related to the import and export of goods. In addition, Indonesian banks (including branches of foreign banks in Indonesia) are required to report any money transfer above US$10,000 to Bank Indonesia.
REASON FOR THE OFFER AND USE OF PROCEEDS Not applicable
RISK FACTORS Risks Related to Our Business
In the future, the Government may announce or implement other regulatory changes that could adversely affect our business or our existing licenses. It may also adversely affect our existing BTS towers if local governments require any changes in the placement of the existing towers.
INFORMATION ON THE COMPANY
HISTORY AND DEVELOPMENT OF THE COMPANY Profile of Telkom Indonesia
In December 2016, we completed the construction of the Southeast Asia-Middle East-West Europe 5 (SEA-ME-WE-5) submarine cable system. In December 2018, we completed the construction of the Indonesia Global Gateway (IGG) submarine cable, which connects two major submarine cable systems: Southeast Asia-Middle East-Western Europe 5 (SEA-ME-WE 5) and Southeast Asia - United States Submarine Cable Systems (SEA -US).
BUSINESS OVERVIEW Strategy
MoCI Decree No.549 of 2019 (on the determination of radio frequency bands as a result of the rearrangement of radio frequency bands of 800 MHz and 900 MHz for the implementation of cellular mobile networks);. MoCI Decree No.615 of 2019 (on the correct amount and payment date for radio frequency spectrum usage fees in the tenth year for radio frequency band licensing for the operation of cellular mobile networks on the 800 MHz, 900 MHz and 1800 MHz radio frequency Bands by PT Telekomunikasi Selular);.
ORGANIZATIONAL STRUCTURE
Our wholesale and international business customer-facing unit is responsible for the relationships and interactions with wholesale customers and other licensed operators. Our customer-facing digital services unit is responsible for supporting digital services for all our customers.
PROPERTY AND EQUIPMENT
Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 added Section 13(r) to the Exchange Act. As of the date of this report, we are not aware of any activity, transaction or trade by us or any of our affiliates in 2019 that requires disclosure in this report under Section 13(r) of the Exchange Act, except as indicated below.
OPERATING AND FINANCIAL REVIEW AND PROSPECTS
OPERATING RESULTS
The increase is mainly due to the increase in revenues from data, internet and information services, IndiHome revenues and interconnection revenues. The increase is mainly due to an increase in revenues from data, internet and information services, other revenues and revenues from interconnection.
LIQUIDITY Liquidity Sources
In addition to recognition and measurement, IFRS 15 also provides new presentation and disclosure requirements. Contract assets and liabilities have been added as new line items in the consolidated statements of financial position, as required under IFRS 15.
RESEARCH AND DEVELOPMENT, PATENTS AND LICENSES, ET
In connection with our efforts to develop such products and services, we continued our Digital Amoeba and Indigo Creative Nation programs in 2019. We also support startups in commercializing their products and services and obtaining follow-up financing.
TREND INFORMATION
Government measures such as those described above have had a serious impact on economic activities and we expect this to result in a decline in revenue in various business segments. Our measures include managing network load and configuration to adapt to changes in traffic patterns, stabilizing the supply chain to ensure sufficient capacity, and providing support to customers to meet their increasing demand for work collaboration, learning activities and entertainment.
OFF-BALANCE SHEET ARRANGEMENTS
We have seen lockdown measures, including travel restrictions and work-from-home orders, increase the use of our fixed and mobile broadband services as businesses and consumers conduct more activities and transactions online. However, we expect that the slowdown in overall economic growth will ultimately affect our results of operations and financial condition, and we are in the process of implementing measures to address any changes in consumption.
TABULAR DISCLOSURE OF CONTRACTUAL OBLIGATIONS
We believe that consumer and mobile services can prove resilient even in economic downturns.
SAFE HARBOR
DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES
- COMPENSATION
- BOARD PRACTICES
- EMPLOYEES
- SHARE OWNERSHIP
Our board of directors is responsible for our overall management and day-to-day operations under the supervision of the board of commissioners. Board of Commissioners. conference) or by a power of attorney granted to another commissioner representing more than half of the total number of commissioners.
RELATED PARTY TRANSACTIONS
We are party to certain agreements and enter into transactions with certain parties affiliated with us, such as cooperatives and foundations. Such parties include the government and entities related to, owned or controlled by the government, such as other state-owned enterprises.
INTEREST OF EXPERTS AND COUNSEL Not applicable
FINANCIAL INFORMATION
CONSOLIDATED STATEMENTS AND OTHER FINANCIAL INFORMATION
SIGNIFICANT CHANGES
- PLAN OF DISTRIBUTION Not applicable
- MARKETS
- SELLING STOCKHOLDERS Not applicable
- DILUTION Not applicable
- EXPENSES OF THE ISSUE Not applicable
Transactions on the IDX money market must be settled on the day of the transaction (T+0) and reported to the IDX. These measures include, among others, the following decrees issued by the IDX Board of Directors: (i) Decree No.
MEMORANDUM AND ARTICLES OF ASSOCIATION Description of Articles of Association
The salaries and allowances of members of the board of commissioners are determined by the general meeting of shareholders. Under Indonesian Company Law, any dismissal (with or without reason) of a member of the board must be approved by a general meeting of shareholders.
MATERIAL CONTRACTS
The issuance of new shares must be approved by a general meeting of shareholders (with different quorum and voting requirements depending on whether the company wants to increase its authorized capital or not). Issuance of new shares in an amount exceeding the authorized capital of the company must be approved by the general meeting of shareholders, which is attended by shareholders representing at least two-thirds of the total number of issued shares with voting rights.
EXCHANGE CONTROLS
Issuance of new shares in an amount still within the company's authorized capital must be approved by a general meeting of shareholders attended by shareholders representing more than half of the total number of issued voting shares in the company, and the resolution must be approved by shareholders representing more than half of the total votes validly cast at the meeting. The general meeting of shareholders can make valid decisions with affirmative votes representing at least two-thirds of the total votes validly cast at the meeting (or more than two-thirds for public companies).
TAXATION
Holders of ADSs will be treated as the beneficial owners of the underlying common stock represented by the ADSs. Subject to the discussion below under “Passive Foreign Investment Company”, upon a sale, exchange or other disposition of the ADSs or ordinary shares, a U.S.
DIVIDENDS AND PAYING AGENTS Not applicable
Holders of ADSs or ordinary shares will generally be required to file an information return on IRS Form 8621 for any year in which the United States. It is not intended to constitute a complete analysis of all tax considerations applicable to an investment in ADSs or ordinary shares.
STATEMENT BY EXPERTS Not applicable
A payer will be required to withhold backup withholding tax from any payments of dividends on, or the proceeds from the sale or redemption of, ADSs or ordinary shares within the United States or by a US. Holders are requested to consult their own tax advisors regarding the foreign financial assets reporting obligations and their possible application to the holding of the ADSs or ordinary shares.
DOCUMENTS ON DISPLAY
- SUBSIDIARY INFORMATION Not applicable
QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK
To measure market risk fluctuations in interest rates, our company and our subsidiaries primarily use the interest margin and the maturity profile of financial assets and liabilities based on the schedule of interest rate changes. Dollar deposits are based on average interest rates offered for three-month deposits by various lending institutions where such deposits are held as of December 31, 2019; and (iv) the value of marketable securities is based on the value of such securities as of December 31, 2019.
DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES American Depositary Shares
Rights of ADR holders to access the books of the depositary and the list of ADR holders. The shares will then be deposited and the depositary will execute and deliver the ADR to the ADR holder.
DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES There are no defaults, dividend arrearages and delinquencies to which this Item applies
The deposit agreement expressly limits our obligations and liability and the obligations and liability of the depositary. We and the depositary are only obligated to act in good faith and without negligence as expressly provided in the Deposit Agreement.
MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS
Prior to the delivery, transfer or surrender of ADRs or the withdrawal of shares or other deposited Securities, an indemnity may be required if the depositary determines that fees, taxes or other charges are payable following such transactions. Neither we nor the depositary has any obligation to become involved in any legal action or other proceeding related to the ADRs or the escrow agreement on behalf of ADR holders or on behalf of any other person, unless we or the depositary, as applicable, has been made available satisfactory compensation for all expenses and liabilities.
CONTROLS AND PROCEDURES
- DISCLOSURE CONTROLS AND PROCEDURES
- MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING Management is responsible for establishing and maintaining adequate internal control over financial reporting,
- ATTESTATION REPORT OF THE REGISTERED PUBLIC ACCOUNTING FIRM
- CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING
- OVERVIEW OF INDONESIAN LAW
- COMPOSITION OF INDEPENDENT BOARD OF DIRECTORS AND BOARD OF COMMISSIONERS
- COMMITTEES
- DISCLOSURE REGARDING CORPORATE GOVERNANCE
- CODE OF BUSINESS CONDUCT AND ETHICS
The Indonesian Companies Act does not require Indonesian public companies to form any of the committees described in the NYSE Listing Standards. Not all members of our Audit Committee are independent directors as required by Rule 10A-3 of the Exchange Act.
FINANCIAL STATEMENTS See pages F-1 through F-152
NYSE listing standards require United States companies to adopt and post on their websites a set of corporate governance guidelines. The NYSE listing standards require every company listed in the United States to adopt and post on its website a code of business conduct and ethics for its directors, officers and employees.
EXHIBITS
In accordance with the requirements of Section 12 of the Securities Exchange Act of 1934, as amended, the Registrant hereby certifies that it has met all of the filing requirements on Form 20-F and has duly induced and authorized the undersigned to do so Sign Form 20. -F on her behalf.
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The consolidated income statement and other comprehensive income reflect the Group's share in the operating results of the associate. Any change in the associate's other comprehensive income is presented as part of other comprehensive income.
