Business Context and Reporting Period
This Form 6-K filing by Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk ("TELKOM") is dated March 27, 2008. The filing serves as a notification regarding the timeline for the submission of the company's audited consolidated financial statements for the fiscal year ended December 31, 2007.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This document is a procedural announcement concerning audit completion and filing deadlines rather than a financial results report.
Material Changes
No material financial changes are reported in this document. The primary update concerns the regulatory timeline for filing the 2007 audited financial statements, which will be submitted after the March 31, 2008 deadline, with a final submission date no later than June 30, 2008.
Guidance, Outlook, and Risks
- Audit Status: The company is currently completing its Integrated Audit for 2007, conducted by KAP Haryanto Sahari dan Rekan (a member firm of PricewaterhouseCoopers). This includes an audit of Internal Control over Financial Reporting (ICOFR) and the Financial Statements.
- Regulatory Compliance: TELKOM is complying with US SEC requirements and Bapepam-LK Regulation No.X.K.7, which allows for a filing deadline extending to June 30, 2008, deviating from the standard March 31 deadline under Regulation No.X.K.2.
- Accounting Standards: The financial statements will disclose significant differences between Indonesian and US Generally Accepted Accounting Principles (GAAP) and include a reconciliation of these differences.
- Risks and Forward-Looking Statements: The filing includes a safe harbor warning regarding forward-looking statements, specifically noting risks and uncertainties related to the expected progress of the 2007 audit.
Investor Verification Checklist
- Verify the final submission date of the 2007 audited financial statements (expected by June 30, 2008).
- Review the upcoming reconciliation of differences between Indonesian and US GAAP in the final report.
- Confirm the completion of the Internal Control over Financial Reporting (ICOFR) audit.
- Monitor for the actual financial performance data which is not contained in this specific filing.