Business Context and Reporting Period
This Form 6-K filing by Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (Telkom) is dated November 4, 2014. The document serves as a correction to the Consolidated Financial Statements for the third quarter of 2014 (ended September 30, 2014). Telkom is Indonesia's largest telecommunications and network provider, offering fixed wireline, mobile cellular, data, and internet services.
Key Financial Metrics and Corrections
The filing corrects misplaced figures in two specific notes of the Q3 2014 financial report. No aggregate revenue, profit, or cash flow figures for the quarter are provided in this text; only specific line item adjustments are detailed.
Note 18: Current Maturities of Long-Term Liabilities
The total current maturities remain unchanged at 5,504 (in millions of Rupiah, implied by context). The correction involves swapping values between "Two-step loans" and "Bonds and notes" for the period ended September 30, 2014:
- Two-step loans: Corrected from 1,130 to 211.
- Bonds and notes: Corrected from 211 to 1,130.
Note 26: Revenues (Data, Internet, and IT Services)
The total revenue for Data, Internet, and Information Technology Services remains unchanged at 26,915 (in millions of Rupiah, implied by context). The correction involves swapping values between "Internet, data communication..." and "VoIP" for 2014:
- Internet, data communication and IT services: Corrected from 13,110 to 16,787.
- Voice over Internet Protocol (VoIP): Corrected from 3,696 to 19.
Material Changes Versus Prior Period
The filing does not provide a comparative analysis of material changes in financial performance versus the prior period. It strictly addresses clerical errors in the presentation of Q3 2014 data. The corrected figures show a significant reallocation of revenue between internet/data services and VoIP, and a reallocation of debt maturities between two-step loans and bonds.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies. The document is limited to the notification of the correction and an apology for the inconvenience caused by the misplaced numbers. The company confirmed that the corrected figures were submitted to the Financial Services Authority and the Indonesia Stock Exchange on November 4, 2014.
Investor Verification Checklist
- Verify the corrected Q3 2014 revenue breakdown for "Internet, data communication" (16,787) versus "VoIP" (19) in the updated financial statements.
- Confirm the corrected classification of current liabilities for "Two-step loans" (211) versus "Bonds and notes" (1,130) as of September 30, 2014.
- Ensure that the total revenue for the Data, Internet, and IT segment (26,915) and total current maturities (5,504) remain consistent with the original report despite the line-item swaps.
- Check for any subsequent filings or press releases that may elaborate on the operational impact of the VoIP revenue correction.