Marketing and selling expenses include advertising expenses, promotion and exhibition. Sales and marketing expenses increased 6. Viewed from the percentage of gross revenue, sales and marketing expenses decreased from Operating Expenses in billion Rupiah This decline was primarily due to operating expenses that rose higher than operating revenues, along with the expansion of networks to support additional city coverage. Hence, the operating income margin was also down from This decrease was primarily due to foreign exchange gains amounting to Rp On the other hand, net financial expenses increased by Other Income Charges in billion Rupiah Financing charges - net The increase was partly the result of the implementation of PSAK For the same period, the deferred tax expense increased This figure reflects a net profit margin of 2.

This decrease was the result of increased operating and financial expenses, in line with network expansion and the application of PSAK Balance Sheet in billion Rupiah Cash and cash equivalents Change This decrease was primarily caused by a On the other hand, cash and cash equivalents increased by For the same period, non-current assets rose This increase comes from the addition of fixed assets under capital lease amounting to Rp 2, Liabilities Total liabilities increased by Balance Sheet in billion Rupiah Short-term bank loan Change - The increase was primarily due to a new short term bank loan amounting to Rp In line with this growth, trade payables increased by Non current liabilities increased by As of December 31, , total short-term and long-term debt, including obligation under financing lease of the Company, amounted to Rp 4, Debt in billion Rupiah Short-term bank loan Change - The loan principal is fully hedged.

Investment Co. Equity Total equity at year end amounted to Rp 5, Cash Flow Analysis 54 Cash flows from operating activities Total net cash received from operating activities represents cash received from customers, net of payments to suppliers, operating expenses, as well as incoming and outgoing cash in connection with income and interest expense and taxes. As of December 31, , net cash provided by operating activities amounted to Rp 1, This reflects an increase in cash receipts from operating activities of Cash flows from investing activities Total cash used for investing activities in general is used to pay for purchases and installation of equipment in connection with the development of network capacity and quality of the Company.

As of December 31, , net cash used for investment amounted to Rp This decrease was caused by the Company receiving proceeds from the sale of fixed assets of Rp Bakrie Telecom Annual Report Management Discussion and Analysis Cash flows from financing activities Total cash provided by and used for financing activities represents cash arising from the issuance of new shares and the conversion of warrants and cash from the issuance of bonds and revenues from long-term bank debt and cash used for principal payments on bank borrowings.

As of December 31, , net cash used for financing activities amounted to Rp This was a sharp contrast from when the company actually received Rp 2, Statements of Cash Flows in billion Rupiah Net cash flows provided by operating activities Change More than half of our capital spending is used for network expansion and the remainder is used for developing various facilities and other support. According to PSAK 30 Revised, a lease that transfers substantially all the risks and rewards incidental to ownership to the lessee are classified as a finance lease.

At the beginning of the lease term, finance leases are capitalized at the fair value of the leased property or at present value of minimum lease payments, if the value is now lower than the fair value. Minimum lease payments are apportioned between the finance charges and the reduction of the outstanding liability so as to produce a constant periodic rate of interest on the balance of obligations.

Finance charges appear on the income statement. Leased assets held by lessees under finance leases are recorded as fixed assets and depreciated over the useful life of the leased asset or the lease term, whichever is shorter, if there is no reasonable certainty that the lessee will obtain ownership by the end of the lease term. Any excess proceeds from the carrying value are deferred and amortized over the lease term. Leases that do not transfer substantially all the risks and rewards incidental to ownership are classified as operating leases.

Thus, all leases represent a significant shift of all the risks and benefits associated with goods that are leased to the lessees, to be classified as a finance lease financial lease. These changes are not applied retroactively to the financial statements for and Accordingly, financial statements can not be compared directly with previous financial statements.

Transactions With Related Parties In the normal course of business, the Company entered into transactions with related parties. Nature of relationship and transactions with related parties were as follows: BTEL derived revenues from the sale of services to these related parties of Rp 0. Total trade payables to these related parties were Rp 1. Extraordinary Events There were no unusual conditions during that need to be reported.

Dividend Policy Pursuant to appropriate laws and regulations, the payment of dividends must be approved by shareholders at the AGM, based on proposals from the Board of Directors. In considering the level of financial health, the level of capital adequacy and funding requirements for further business expansion, BTEL will not distribute dividends to shareholders resultant from the accumulation of BTEL retained earnings as it is still in deficit. Through the rights issue, in February 29, , BTEL issued 8,,, shares with nominal value Rp per share which were offered at Rp per share.

As of December , the proceeds, after deducting the costs of issuance, had been allocated as follows: Exchange Controls Currently, Indonesia only implements limited foreign exchange controls. The Indonesian Rupiah is basically exchanged freely. However, to maintain stability and prevent acts of speculation by foreign parties, Bank Indonesia has adopted a regulation No.

Transactions that have been reported include receipts and disbursement of funds through overseas accounts. The comprehensive description is there in the Notes to Financial Statements number The parties who have concluded agreements and commitments are as follows: Third parties: The case is still pending as of the date of completion of financial reports. Changes in Government Regulations The Government has proposed a new regulation that may affect BTEL business, namely the convergence of telecommunication and broadcasting, and a new technology mobile virtual network including a Next Generation Network.

The scope of application of this rule is not clear, but it can affect business operations, cash flows, financial condition and results of operations of the Company. Notary in Jakarta. To perform the Tower Sale Transaction, the Company is required to obtain approval or submit written notification to the creditors in relation with the asset sale transaction. The sales process will be divided into 4 batches.

On September 30, , the Company has delivered all telecommunication towers Towers and their supporting facilities for the fourth batch. Bakrie Telecom Annual Report Management Discussion and Analysis Business Development Wireless Broadband Access Sharpening competition, especially for voice and SMS services in the Indonesian telecommunications industry, has pointed to data and internet service access as a key to future growth.

Toward that end, BTEL is currently preparing to bring forward broadband wireless access BWA service that to be launched in phases in several major urban centers. The selected technology will be EV-DO, which is the next stage of the current CDMA - 1X technology utilized by the Company that will undergo both software as well as hardware upgrade.

The provision of BWA services intends to answer consumer demand for higher upload and download speeds than currently used technology allows. Network Utilization for Corporate Solutions Looking at the amount of unused capacity on existing networks and supported by licenses already obtained, BTEL has taken the initiative to increase network utilization by providing services with greater bandwidth capacity for corporate customers. These services are expected to become a source of new revenue for the Company.

The service will include high-speed data access and dedicated private line that can be used for video conferencing. BTEL sees that dedicated data access has become a fundamental business tool for corporate customers everywhere, particularly for setting up multiple local area networks LAN , such as between the head office and branch offices. Customers that access real time online data for 24 hours mainly use permanent communications platforms. Optimizing the value of the Company through maximum implementation of the principles of transparency, accountability, responsibility, independence and fairness, imbuing the Company with healthy competitiveness, both nationally and regionally.

Supporting corporate management in a clean, transparent and professional manner as well as independency of each BTEL unit, such as Board of Commissioners, Board of Directors, General Meeting of Shareholders and all other employees. Encouraging corporate management in its decision making and implementations to be based on high moral integrity and in compliance with prevailing laws and regulations. The scheme for implementation concept using logical framework to develop GCG is as follows: Integrity Pact IP IP is a commitment by management and employees to fulfill all duties, obligations and responsibilities in accordance with applicable regulations within the company.

Corporate Governance CG Good Corporate Governance is generally defined as the process and structure adopted by the organs of the Company to enhance business success and accountability of the Company in realizing shareholder value over the long term, with due regard to the interests of other stakeholders, based on legislation and the ethical values. The level of achievement must meet all requirements, demonstrating propriety and regularity in its operations in accordance with CG concepts.

Transparency, Accountability, Responsibility, Independence and Fairness. Code of Conduct CoC A code or rules of conduct includes the obligations and restrictions applied by BTEL that govern working relationships both internally, referring to interaction between management, management with employees, between employees and external relationships with third parties.

Financial-Operational Integrated System FOIS FOIS within the logical framework has the function to translate GCG and CoC principles into action by focusing on detailed and symmetrical check between operational activities in the field with a proper financial aspects related to budgeting, spending and accounting. The actual function of FOIS is to prevent any deviations that might allow corrupt practices, whether conducted by insiders or insiders working together with outside parties.

There are two things to be considered in the implementation of FOIS: At an operational level, BTEL has various policies and regulations in place, such as authority restrictions BTEL approval authority , a quality management system BTEL-QMS , guidelines and procedures in work units and implementation guidelines that will help employees in their work and activities in accordance with the specified rules in such a manner that fraud may be avoided as much as possible.

To get obtain an integrated control system of financial and operational aspects, BTEL has Risk Management, Corporate Internal Audit and Audit Quality in place to anticipate any risks that might arise, conduct investigations of fraud potential and analyze possible discrepancies and recommend solutions for the problem. Bakrie Telecom Annual Report 63 Sustainability Report — Transparency Basic Principles To maintain objectivity in conducting business, BTEL provides material and relevant information in a way that is easily accessible and can be understood by all stakeholders.

BTEL takes the initiative to disclose not only issues and concerns covered by legislation, but may also be important for decision making by shareholders, creditors and other stakeholders. Implementation Principles 1. BTEL provides information in a timely, adequate, clear, accurate, comparable and easily accessible manner to all stakeholders in accordance with their rights.

The information disclosed includes, but is not limited to, the vision, mission, objectives and strategies of BTEL, financial condition, management composition and compensation, controlling shareholders, share ownership by members of the Board of Directors and members of the Board of Commissioners and their family members in BTEL and other companies, risk management systems, internal control system and implementation of GCG and its level of compliance or important events that could affect BTEL conditions.

The principle of disclosure adopted by BTEL is not reduce the obligation to comply with the confidentiality provisions of the Company in accordance with statutory regulations, the rule of privacy and personal rights. BTEL policy is conveyed in writing and appropriately communicated to stakeholders. In order to accomplish such an objective, BTEL must be properly managed and still accomodate the interests of shareholders and other stakeholders.

Accountability is a necessary prerequisite to achieving sustainable performance. BTEL defines job descriptions and responsibilities of each organ and of all employees clearly and in line with the vision, mission, corporate values and corporate strategy. BTEL believes that all organs and employees are qualified to carry out their duties, responsibilities and roles in the implementation of same. BTEL imposes performance measures for corporate, work units and individuals, including the Board of Commissioners and Directors, consistent with BTEL business objectives, following an effective system of rewards and punishment.

In performing its duties and responsibilities, each BTEL organ and all employees must adhere to business ethics and the Code of Conduct established jointly by the Board of Commissioners and the Board of Directors. BTEL organ adhere to principles of prudence, to ensure compliance with laws and regulations, statutes, by-laws and internal policies, as well as BTEL ethical standards.

Each organ of BTEL avoids domination by any party, not influenced by specific interests, staying free from any conflict of interest as well as external pressure, so that decisions can be made objectively. Each organ of BTEL performs its functions and duties in accordance with their regulations and legislation, and does not attempt to dominate or shift responsibility to any other. BTEL provides the opportunity for stakeholders to provide input and express opinions in the interest of the Company, with open access to information in accordance with the principles of transparency within the scope of their respective capacities.

BTEL provides fair and equal treatment to stakeholders in accordance with the benefits and contribution given to the Company. BTEL provides equal opportunities in recruitment, career development and carrying out duties professionally, without distinction of race, religion, race, class, gender or physical condition. Business Ethics Business ethics is the basis of behavior or operational philosophy adhered to by all BTEL employees in carrying out their duties and responsibilities, in order to create a clean organization.

Business ethics principles adhered to include: Principle of Honesty There are three aspects to this Principle: Honesty in terms of an agreement or contract, honesty in offering quality goods and services at a fair price and honesty in internal working relationships within a company. Principle of Fairness Obliges equal treatment for each individual according to objective and rational criteria. Fairness demands that no parties are deprived of their rights and interests. The Principle of Mutual Benefit This principle demands that the business is run in a way that benefits all parties.

In a competitive business, this implies that business competition should aim for a win-win solution. In other word, this principle serves as an encouragement for an individual or the company to be the best. GCG Good Corp. Conforming to the rules and regulations mandatory or voluntary in corporate governance. Exerting effective control over business operation, especially aspects of business risks. Namely, to become known as ethical and socially responsible industry member and citizen.

At implementation level, until the end of , BTEL have successfully create and implement: Integrity Pact module 6. Company regulations 7. Enterprise Risk Management Periodic internal quality survey Formulation of management policies and procedures a. Related business process mapping b. Implementation of management policies on business processes c. AGMS has the authority to appoint and dismiss members of the Board of Commissioners and Board of Directors, to evaluate their performance, approve amendments of Articles of Association, approve the Annual Report and determine the form and amount of remuneration for Board of Commissioners and Board of Directors.

Board of Commissioners a. Duties and Responsibilities The Board of Commissioners is responsible for overseeing the operational management of BTEL as conducted by the Board of Directors, in accordance with the provisions adopted in the Articles of Association, AGMS resolutions, and applicable rules and laws, and provides advice to the Board of Directors as necessary. The Board of Commissioners plays an important role in implementing the principles of Good Corporate Governance through its supervisory function.

During the year , the Board did not find any violations of the laws or regulations in the financial or telecommunications sector. Composition of the Board of Commissioners per December 31, is as follows: Board of Commissioners Meetings During the year the Board of Commissioners held two meetings with the following details: Date of Meeting Agenda Attendance 5 February Discussion of Company Performance during the year Attended by all members of the Board of Commissioners except for Rajsekar Kuppuswawimitta 15 June Preparatory discussions on the accountability of implementation of duties by the members of the Board of Commissioners for fiscal year Attended by all members of the Board of Commissioners To assist the Commissioners in carrying out their duties, three Committees were established, namely, the Audit Committee, the Risk Management Committee and the Remuneration and Nomination Committee.

Board of Directors a. Duties and Responsibilities The Board of Directors is responsible for managing the Company, including risk management and implementation of Corporate Governance, at all levels of the organization. The Board of Directors must develop a business strategy that includes an operating plan and budget, along with implementation of accounting practices and bookkeeping, in accordance with the provisions of a public Company.

The Board of Directors are also required to account for the performance of their duties to the shareholders, through the AGMS. Composition of the Board of Directors per December 31, is as follows: Board of Directors Meetings During the year the Board of Directors held 12 meetings with the following details: Joint Meetings During the year , Board of Commissioners and Directors held two meetings with the following details: Date of Meeting Agenda Attendance 5 February Progress of business and corporate finance activities for the year - All Directors were in attendance - All Commissioners were in attendance except for Rajsekar Kuppuswawimitta 15 June Discussion of plans for the AGM to be held on 16 June All Directors and Commissioners were in attendance 4.

Remuneration Policy for the Commissioners and Directors The Board of Commissioners and Directors receive compensation in the form of salaries, allowances and facilities. Their recommendations were put to the AGMS for approval. For the year ending December 31, , the remuneration package of Commissioners and Directors, consisting of fees, incentives, insurance, bonuses and other facilities and benefits amounted to Rp. Committees There are no provisions in the Articles of Association regulating the establishment, duties and authority of the committees that assist the Board of Commissioners.

One committee that is mandatory for a public Company is the Audit Committee, in accordance with Bapepam regulations IX. Other committees are formed and delegated authority by the Board of Commissioners to assist the supervision of the Board of Commissioners in accordance with the provisions of Article of Limited Liability Company Laws, and also demonstrate the good faith of the Company in implementing the principles of GCG. To review financial information to be released by the Company, including financial reports, projections, and other financial information.

To review the audit result of internal auditors. Report to the Board of Commissioners on the various risks faced by companies and risk management practices by the Board of Directors. Maintain confidentiality of documents, data and corporate information. All members of the Audit Committee meet the independence criteria of expertise and integrity as stipulated by various regulations.

Composition of Audit Committee per December 31, are as follows: Has over 20 years experience in accounting, auditing and taxation. Experience in the field after joining KPMG from - Leo J. Susilo Member of the Audit Committee since June Managing Partner of Wimconsult, a consulting firm specializing in the field of corporate governance, business ethics, risk management and performance improvement. Audit Committee Meetings In performing its duties, the Audit Committee has conducted several meetings internally and with all parties related to their performance of duties.

Evaluate risk management policies and provide assessments of risk limits risk appetite and risk tolerance as set by the Board of Directors. Evaluate the adequacy of infrastructure, facilities, resources and competence for the implementation of enterprise risk management ERM. Ensure the implementation of ERM programs covering risk identification, risk assessment, risk treatment and risk monitoring are carried out in accordance with internationally recognized risk management standards.

Request and collect regular reports from Management regarding business risks that include, but are not limited to: Conduct discussions, evaluations, verifications and submit recommendations on risk management mentioned on the previous point and report the results to the Board of Commissioners. If necessary, the Risk Management Committee can communicate with the Audit Committee with regards to audit results related to risk assessment and compliance. If required, the Risk Management Committee, with the approval from the Board of Commissioners may invite an independent outside party to audit the implementation of ERM.

Composition of the Risk Management Committee as of December 31, is as follows: Formulate job competency criteria for members of The Board of Commissioners and Directors to be used as a criteria during the selection process. Recommend to the Board of Commissioners ways to cooperate with the Director who supervises the field of human resources in conducting an internal assessment process a fit and proper test in order to obtain candidates for the Board of Directors from within the company.

Monitor and supervise the coaching system and process for leadership candidates in the Company. If necessary, recommend to the Board of Commissioners methods and processes for selecting candidates for the Board of Directors from outside the company. Recommend to the Board of Commissioners the method and the process of selecting members of the Independent Commissioners, as representative of minority shareholders. Formulate criteria for job competency for members of the Committees to be used as selection criteria for prospective members and provide recommendations to the Board of Commissioners concerning methods and the selection process.

For the tasks associated with the system of remuneration for the Board of Commissioners and Directors, the tasks of the Committee: With the permission from the Board of Commissioners and Directors and on behalf of the company, to participate in salary surveys for the executive level and to obtain benchmarks in preparing remuneration proposals for the Board of Commissioners, Directors and Committee members. Recommend to the Board of Commissioners methods, techniques and implementation processes during individual performance appraisals for each member of the Board of Commissioners, Directors and Committee member.

Draft salaries and allowance system proposals for the Board of Commissioners, Directors and members of the Committees, as well as submit recommendations regarding: Assessment of salaries and allowances system. Performance appraisals and bonuses. Stock options. Pension system.

F mncsv is the plaintif in a lawsuit against all asia

Periodically review the type and amount of remuneration paid to members of the Board of Commissioners and Directors. Carry out other tasks requested by the Board of Commissioners. Communicate and obtain information from the Directorate of Human Resources about: Management coaching and development systems, particularly for leadership candidates. Review the current remuneration system for the Board of Commissioners, Directors, members of the Committee and other senior management.

Individual data curriculum vitae of senior managers, one level below Director. Composition of the Remuneration and Nomination Committee as of December 31, are as follows: Umar Name Chairman — Nalinkant A. Rathod Member — Bobby Gafur S. Information Disclosure 1. Corporate Secretary The Corporate Secretary has the duty and responsibility, among others, to keep track of any development in the capital markets, particularly regarding applicable regulations, providing services to the public for any information related to the company, providing input to the Board of Directors in compliance with the provisions of Law Number 8 of on Capital Markets, including its implementation of regulations, as well as serving as a liaison or contact person between BTEL, Bapepam LK and the public.

Investor Relations As a public company, BTEL has an Investor Relations division that is responsible for building and maintaining good relationships between the Company and the capital markets community, including stock analysts, investment managers and all shareholders, both internal and external. The main task of this Division is to provide accurate and timely information about BTEL to these stakeholders, to be used in making their investment decisions regarding the Company. Dissemination of information is carried out through various media, such as investor relations mailing lists or the corporate website www.

Information dissemination is also facilitated by participating in various events, such as public exposure or road shows at home and abroad. In addition, BTEL management active encourages visits from analysts or investment managers. During , there were a total of 12 research reports published. In performing these duties the Audit Committee has conducted a number of meetings, both internally and with all parties relevant to the implementation of the above tasks. The summary of the Audit Committee report is outlined below.

Financial Information The Audit Committee continuously pays attention and examines all annual and quarterly financial statements. The integrity and quality of this financial information has been judged satisfactory and in accordance with GAAP and Bapepam LK regulations. External Auditors In performing the duties and responsibilities to support the oversight function of the Board of Commissioners on the audit activities done by external auditors, as promulgated in the Audit Committee Charter point Provide recommendations on the appointment or dismissal of external auditors b.

Review the letter of assignment c. Review the scope of work and audit planning d. During the audit process, the Audit Committee is to provide input and monitor the activities of the external auditor in performing its duties, through seven meetings that have been conducted up to the publication of the audit results for In this respect, the Audit Committee always pays special attention to the audit plan during the year, the audit report and monitors recommendations and acts on internal auditor findings. The Audit Committee continuously reviews and observes the internal audit reports conducted in regional offices.

If there is a significant finding, the Audit Committee invites the head of internal audit and the head of the unit where the findings was found to clarify and to ensure that the recommendations and follow-up will be implemented by the relevant unit. When necessary, findings of irregularities and its follow-up, will be reported to the Board of Commissioners. Compliance with regulations The Audit Committee has reviewed the implementation of regulatory compliance with Bapepam regulations performed by the Corporate Secretary and compliance with other laws, performed by the Legal Division.

Based on this map, the Legal Division will conduct monitoring and the result will be presented during the Audit Committee periodic meeting.

• telephone conversation meaning in telugu.
• app to watch hong kong drama on iphone.
• Bakrie Telecom Tbk PT (BTEL) - IDNFinancials;

Risk Management Implementation of risk management is still at an early stage, but a special division has been formed to handle the implementation of risk management. Training and familiarization has been initiated in the fourth quarter of and will be continued according to the plan. In general, governance practices are already well under way; all necessary SOPs are well documented and can be accessed electronically by all parties as needed.

These good governance practices have received recognition from several external parties. Others The Audit Committee found no material complaints against the Company that require the attention of the Audit Committee to conduct any further review. The Audit Committee is confident of the integrity of financial reporting and transparency in management processes implemented during fiscal year In performing these duties, the Risk Management Committee hold meetings with all parties related to the implementation of the above tasks.

The training and orientation phase started in the fourth quarter of and is still proceeding according to plan. Management has also followed up on Risk Management Committee input regarding business process enhancement by setting up a special team involving all functions of the Company. In this Remuneration and Nomination Committee has conducted meetings with all relevant parties, to share the implementation of the above tasks.

During the Remuneration and Nomination Committee meeting with the Board of Commissioners and Directors in , the Remuneration and Nomination Committee submitted recommendations for remuneration policy related to bonuses and salary increases for the Board of Commissioners and Directors based on merit for their work in In providing its recommendations, the Remuneration and Nomination Committee has taken into account the achievement of company and individual targets.

Bobby Gafur S. Umar Chairman Nalinkant Amratlal Rathod Member Bakrie Telecom Annual Report 81 Sustainability Report Control System In line with the implementation of best practices in corporate governance, the Company has also adopted an internal control system supported with full commitment from management. With the implementation of internal control, there is clear separation of the functions and responsibilities of each employee as stated in the job description that continues to evolve along with the development of organizational structures.

Standard operating procedures SOP are also continuously developed in line with changes to support operational effectiveness. BTEL has also implemented risk assessment procedures to be carried out through direct interviews with division heads from each unit. Determination of risk, based on the work activities performed in the unit, relies on the existing SOP. In order for the the internal control process to run smoothly, communication and information dissemination to all levels of the organization is to be carried out systematically.

This is accomplished through holding weekly internal meetings in each division, and if there is important information for all employees, it will be communicated through an official email from management. Monitoring activities to ensure that the control system runs smoothly during are enforced through periodic operational audits in each work unit, at both central and regional offices, in accordance with the audit plan.

Audits are conducted by verifying the documents and through direct implementation in the field. In order for control systems to continue functioning properly, there must be a continuous improvement and development effort. Both initiatives are implemented through the involvement of all related parties during the evaluation process of systems and procedures to be applied within the company and by receiving input to improve control systems of the current SOP.

The existence of the internal audit function encourages the creation of control mechanisms that will ensure proper use of resources efficiently, effectively and in accordance with applicable compliance standards.

f MNCSV is the plaintif in a lawsuit against All Asia Multimedia Networks FZ

In general, the internal audit task is to evaluate the capabilities, effectiveness, compliance and quality performance of duties performed by all work units in the Company. The internal audit function is to: Assist the President Director in order to effectively safeguard the investments and assets of the Company.

Encourage the implementation of more effective oversight inherent to the company in implementing corporate governance 3. Carry out its function, internal audit reporting directly to the President Director. The purpose and scope of internal audit work 2. The structure and position of the internal audit 3. Authority and responsibility of internal audits 4. Accountability of Head of Internal Audit in his job capacity, as he reports to the Audit Committee 5.

Independence 6. Continuity and neutrality, including the prohibition against an internal auditor to hold multiple roles 7. Code of ethics for internal audits 8. The following table contains a summary report on the implementation of BTEL internal audit during the year Create an SOP and its legal basis. Remittances from sales in all region. All proceeds from sales are recorded in sales admin and accounting, while a better control system is created for improvement. Appointed as Head of Corporate Internal Audit from Previously served as GM Treasury from March until as well as various managerial positions in the financial directorate in Indosat and Satelindo from until February Sisingamangaraja No.

The firm conducted one audit on the financial statements as of December 31, , and did not receive other assignments. This firm does not have any connection or special relationship with the Company. BTEL has identified the risk potentials inherent in the business environment and planning, as well as the possible impact on the achievement of company objectives.

We have also taken steps to mitigate those risks. All employees involved in the business processs play active roles in the identification, evaluation and controlling of risks in an effort to build strong team coordination and commitment to manage risk and implement business processes.

The goal of this ERM implementation is for BTEL to be able to identify and manage risk by developing a solid risk management and control system. Ultimately, a solid risk management and control system will enable the Company to better achieve its goal of increasing value for its stakeholders and as well to be a safeguard in achieving both the short and long term objectives of the Company. Responsibility for managing strategic risk is also with the Directors.

Southern District of New York (Bankruptcy), nysb-1:2018-bk-10200

However, the risk management unit will assist and coordinate the process of identifying, evaluating and controlling such risks. Moreover, the company established a Risk Management Committee in The role of the Risk Management Committee is to provide recommendations to the Board of Commissioners as a control function in order to ensure the existence and effective operation of an integrated risk management process.

The BTEL Risk Officer is responsible for assisting the risk management unit in coordinating the activities of risk management and for consolidating and analyzing all the risk information in BTEL, particularly those risks included in the category of significant risk. Risk Appetite and Risk Tolerance To assess how much risk is acceptable to the Company in order to maximize the results from the existing risks or those that may occur.

BTEL risk tolerance is reflected in risk evaluation. Risk Management Process The risk studies conducted are in general based on the main strategic goals of BTEL that have been outlined by senior and executive management. The Company identifies significant risks on a continuous basis. Significant risks which may impact negatively on the Company are identified after business or strategic goals are set.

In measuring risks, BTEL has a corporate risk assessment criteria from an impact and likelihood point of view, which is uniform in nature and encompasses various areas relevant to business activities in BTEL. BTEL grades and evaluates risk based on the consequences or effects and possibility or frequency or risk occurrence.

After risk is identified and evaluated, management decides on the actions to take to eliminate, mitigate, accept or shift the identified risk so that it remains within BTEL tolerance levels. The creation of a risk mitigation plan aids in the identification, controlling and reporting of the control status on each risk. Moreover, a risk mitigation plan assists the Company in allocating available resources to manage main or critical risks. To obtain the latest and most accurate information on a risk in order to be able to create better decisions, BTEL conducts risk controlling and reporting.

BTEL has identified and evaluated risk as part of its main strategic goal. As a result of this risk management process, BTEL has identified 60 types of risks faced by the Company, which are divided into 32 risks in the significant category, 19 in the high category, 6 in the medium category and 3 in the low category. Among the significant risks faced by the Company that must be understood and mitigated are the following: BTEL anticipates this risk by preparing contingency plans to deal with an unsupportive political environment. In addition, BTEL optimizes the performance of related units in performing their functions in monitoring compliance with applicable regulations.

BTEL anticipates a competitive environment by improving service and product innovation. Interconnection unavailability may result in the disruption of service to customers and the loss of potential revenue. To reduce this risk, BTEL pays careful attention to its relationship with governments and other operators to ensure the availability of continuous interconnection.

On the other hand, some BTEL liabilities are denominated in foreign currencies. BTEL reduces this risk factor by entering into transactions to hedge the loan principal. Fraud includes embezzlement or other irregularities, whether sourced from external or internal parties, and this could affect BTEL financial and operational activities. With many market innovations undertaken by BTEL, risks arising from fraud have a potentially negative impact that must be taken into account if they occurred for long periods and in large quantities.

This could lead to damage of revenues and profits. BTEL takes precautions against fraud by implementing revenue assurance for the prevention of revenue losses. Revenue assurance conducts inspection of records, the thoroughness of the transaction and the billing system as a whole. The testing procedure also applies to new products and services, before a commercial launch. The most common form of network is towers that are usually erected in built-up residential areas.

Facing this as an operational reality, from the beginning of its operations BTEL understood that the Company must position itself as part of the community. This positioning was then expanded beyond locations where there were towers, to encompass all operational aspects of the Company including office locations, gerai outlets or employee residential neighborhoods. By positioning itself as a company that became an integral part of the community, BTEL Corporate Social Responsibility CSR activities have always focused on providing benefits to the wider community.

This is in line with the philosophy of the founder, the late H.

• iphone app to help with words with friends!
• ;
• Paradigm Shifting The;
• need for speed undercover nokia 5130!
• download watsapp messanger for nokia asha 305.
• Paradigm Shifting The.

Aside from this, BTEL also cooperates with third party partners with sterling reputations. At BTEL, CSR is a direct responsibility of the Corporate Communication Unit, which is responsible for mapping the needs and assigns priority to every activity in each region by establishing harmonious relationships between stakeholders in the area and the Company.

BTEL realizes that its employees are also members of the community and would naturally want to participate in social activities for the common good. In general, CSR activities are divided into three parts that have long, medium and short term views. For the medium term, programs are intended to provide benefits through transfer of knowledge. While for the short term, CSR measures are aimed to provide assistance based on the current needs within the community.

This goal is translated into every CSR activity undertaken by taking into consideration the interests of the surrounding community, where every activity must have knowledge value for its recipients and can build the community and encourage all aspects within that community to become better and more advanced. Corporate Social Marketing, where BTEL coordinates activities that support changes in society, especially in education, environmental and disaster preventive measures. For this activity, BTEL works together with several third parties.

This activity provides basic knowledge of telecommunications to school children aged years through attractive media and delivered in a fun way. Corporate Philanthropy, in which BTEL donates directly to the communities around its business environment. This volunteer team is then equipped through special training before they are deployed. Socially Responsible Business, in which BTEL encourage economic growth In the community by formulating a small business model in telecommunications.

Served as An Indonesian citizen, 64 years of age. An Australian citizen, 54 years of age. Little Infrastructure since March as well as several between the government, private sector and Asia, from to From to was other positions as a Director and Commissioner in civil society. From to served Brothers Tbk.

From November to the present, was being a member of the Integrity Committee in awarded in Served as An Indonesian citizen, 50 years of age. Served as Commissioner of the Company since Commissioner in Holds an Economics degree SE majoring over the period, holding various key in Management, from Parahyangan Catholic positions, including Managing Director and University Bandung in Served as A Dutch citizen, 40 years of age. Served as An Indonesian citizen, 47 years of age.

Served President Director of the Company since Previously since in charge of Network Operation. Served as An Indonesian citizen, 46 years of age. Juliandus An Indonesian citizen, 38 years of age. Served Director of the Company since Currently A. Lumban Tobing graduated from the Faculty as Director in charge of finance since Previously served as Finance Republic of Indonesia in England in , before Swasakti Utama from until , holding Director of PT Radio Telepon Indonesia during starting his career at the Ministry of Trade in various managerial positions in the Corporate the period of until and General Holds a Bachelor his career in the Bakrie Group as a Corporate In June was appointed Director of Western Australia in From to the present, has joined Bakrie Telecom as the Director who supervises the Legal Directorate.

Widarmana Triharry D. Served as Head An Indonesian citizen, 39 years of age. Previously An Indonesian citizen, 42 years of age. Previously served as President of Reliance Pte. Holds an degree majoring in Management from the University, Australia. Ahmedabad, India. Served An Indonesian citizen, 45 years of age. Previously from Bandung Institute of Technology, majoring since in charge of Marketing, Products, and he worked in various positions in Telkomsel, with in telecommunications.

Began his career as CRM. Ground Jl. Pondok Gede Raya No. Martadinata Km. Raya Puncak Km. Siliwangi No. Martadinata No. Raya Soreang No. Raya Jatinangor Km. Mayor Oking Jayaatmaja No. Mayor Abdurrahman No. Pajajaran No. Yani No. Dewi Sartika No. Cimanuk No. Tuparev No. Lapangan Bola No. Taman Pahlawan No. A Yani No. Otto Iskandar Dinata No. Gatoto Subroto Km. Ahmad Yani Km. Gatot Subroto KM 5. Margonda Raya No. Kalimalang Komersial Center Jl. Ahmad Yani No. Mustopa No. Muwardi No. Jendral Sudirman No. Kopo Sayati No.

Adisucipto No. Diponegoro No. Jend Sudirman No. Gajah Mada No. Pandanaran No. Sutomo No. Kili Suci No. Sudirman No. Jaksa Agung Suprapto No. Raya Soekarno Hatta No. A Pasuruan Gerai Mojokerto Jl. Ruko Palembang Square R. Thamrin Komp. Usman Sadar No. Panglima Sudirman No. Kolonel Mahadi No. Diponogoro no. Katamso No. Panca Usaha No. Pagar Alam No. Raya Darmo No. I Galeria Jl. Pemuda , Surabaya Gerai Malang Jl. Parman No. Teuku Umar No. Mongonsidi No. Pahlawan No. Kapt Muslim Komp. Sudirman Kav 28 Jakarta Telp: Rasuna Said Kav.

Sudirman Kav. Average Revenue per User, or the average revenue per subscriber. Mobile Switching Center, a central telephony device to manage telephone traffic, as well as controlling BSC. Companies whose financial statements are Subsidiaries consolidated into the Company in accordance with accepted accounting standards in Indonesia. The width of the frequency band, which is a measure of capacity of a communications network. Bapepam LK: Base Transceiver Stations, i. Call Center: Customer service telephone center. Code Division Multiple Access, namely, a multiple access radio system for digital voice and data transmission, where users share frequencies through unique codes.

Churn Rate CRM: The total number of disconnected customers of the Company network either unilaterally or not over a period, divided by the number of subscribers at the end of the period, divided by the number of months in the period, and expressed as a percentage.

Customer Relationship Management, namely service management for customers intended to enhance customer satisfaction and loyalty, supported by professional human resources, integrated business processes, as well as efficient and effective technologies. PT Bakrie Telecom Tbk. Foreign Direct Investment. Domestic Investment. Public Switch Telephone Network, i.

Return on Assets is the ratio of net income to total assets within the same period. Automotive And Components. Machinery And Heavy Equipment. Textile, Garment. Property, Real Estate and Building Construction. Building Construction. Property And Real Estate. Trade Services Investment. Computer And Services. Investment Company. Retail Trade. Tourism, Restaurant And Hotel. Follow This Company. Please check our pricing page to see all of our features. Subsidiary Affiliation. Company Name. Danatama Makmur Listing Board Main.

President Commissioner. Anindya Novyan Bakrie. Vice President Commissioner. Bobby Gafur Sulistyo Umar. Independent Commissioner. Ai Mulyadi Mamoer. Robertus Bismarka Kurniawan. Vice President Director. Jastiro Abi. Harya Mitra Hidayat.

1. PT Bakrie Telecom Tbk: Exhibit J - Offering Memorandum.
2. samsung galaxy s ii precio claro;
3. shoutcast radio app for blackberry.
4. PT Smartfren Telecom Tbk Registered Shs Series -A-.

Graph goes here Huawei Tech Investment 6. Mahindo Agung Sentosa 5. Bakrie Global Ventura 2. Stock trading suspension of Bakrie Telecom has been lifted since November 13, Bakrie Telecom will hold annual shareholders meeting on November 15, Bakrie Telecom will hold annual and extraordinary shareholders meeting on April 28, Bakrie Telecom will hold extraordinary shareholders' meeting on January 12, Bakrie Global Ventura.

BTEL