Business Context and Reporting Period
This Form 6-K filing by Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TELKOM) was submitted on June 18, 2010. The document serves as a formal announcement regarding the distribution of cash dividends for the 2009 financial year, based on the resolution of the Annual General Meeting of Shareholders held on June 11, 2010.
Key Financial Metrics
The filing details the dividend payout structure derived from the 2009 net profit. Specific financial figures include:
- Total Net Profit Allocation: 50% of the 2009 net profit, totaling Rp 5,666,070,036,791.
- Interim Dividend Deduction: Rp 524,190,170,387 (paid on December 28, 2009, equivalent to Rp 26.65 per share).
- Final Dividend Payable: Rp 5,141,879,866,404.
- Dividend Per Share: At least Rp 261.4149 per share.
- Share Base: Calculated on 490,574,500 issued shares (excluding shares bought back as of the meeting date).
The filing text does not provide clear values for total revenue, operating profit, cash flow, margins, debt levels, or liquidity ratios for the 2009 period.
Material Changes and Distribution Schedule
The primary material event is the declaration of the final dividend for the 2009 fiscal year. The distribution schedule is as follows:
- Recording Date: July 12, 2010, at 16:00 WIB.
- Regular and Negotiation Market: Cum Dividend on July 7, 2010; Ex-Dividend on July 8, 2010.
- Cash Market: Cum Dividend on July 12, 2010; Ex-Dividend on July 13, 2010.
- Payment Date: July 26, 2010.
Guidance, Risks, and Contingencies
The filing outlines specific tax contingencies and administrative requirements for shareholders:
- Tax Withholding: Dividends are subject to Indonesian tax regulations. Domestic entity shareholders without a Tax Register Number (NPWP) by the July 12 deadline face a 30% withholding tax rate. Offshore shareholders failing to submit a Certificate of Domicile by July 19 face a 20% withholding tax rate.
- Payment Methods: Dividends are paid via KSEI for collective deposit holders, through Custodian Banks for ADS holders, or via direct cash pickup at PT Bank Negara Indonesia (BNI) branches for non-KSEI registered shareholders.
- Transfer Threshold: Direct bank transfers are only processed if the dividend amount is at least Rp 500,000.
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of unusual items beyond the standard dividend distribution process.
Investor Verification Checklist
- Verify eligibility based on the July 12, 2010, recording date.
- Confirm submission of NPWP (for domestic entities) or Certificate of Domicile (for offshore investors) to avoid higher withholding tax rates.
- Check the number of shares held to calculate the exact dividend amount (minimum Rp 261.4149 per share).
- Ensure bank account details are updated if the dividend exceeds Rp 500,000 and a transfer is requested.