Business Context and Reporting Period
This Form 6-K filing by Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk ("TELKOM") was issued on December 11, 2003. The report addresses the status of the 2002 financial statement audit and responds to market speculation regarding the company's listing status on the New York Stock Exchange (NYSE).
Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on audit progress and corporate governance matters rather than reporting financial performance data for the period ending December 31, 2003, or the fiscal year 2002.
Material Changes and Audit Status
- Audit Progress: Substantial progress is being made in the audit of TELKOM's 2002 financial statements by PricewaterhouseCoopers (PwC).
- Adjustments: TELKOM and its previous auditor, Deloitte Touche Tohmatsu, are engaged in discussions regarding necessary adjustments to previously issued financial statements for 2000 and 2001.
- Timeline: Additional information regarding the progress of discussions between TELKOM, PwC, and Deloitte is expected within 15 to 30 days of the filing date.
Outlook, Risks, and Management Commentary
- Delisting Speculation: Management addressed press reports speculating about a potential delisting of TELKOM's ADRs from the NYSE.
- Management Stance: Corporate Secretary Woeryanto Soeradji clarified that TELKOM is committed to completing the 2002 audit and achieving compliance with U.S. SEC and NYSE rules.
- Strategic Intent: TELKOM explicitly stated it has no intention of pursuing a delisting and has not received instructions from major shareholders to do so.
Key Facts for Investor Verification
- Confirmation of the final resolution of adjustments to 2000 and 2001 financial statements.
- The completion date of the 2002 financial statement audit by PwC.
- Official confirmation of continued compliance with NYSE listing requirements.
- Any subsequent communications regarding the 15-30 day update window mentioned in this filing.