PT Telekomunikasi Indonesia Tbk Files 20-F for Fiscal Year Ended December 31, 2023

TL;DR

<b>PT Telekomunikasi Indonesia Tbk has submitted its 2023 annual report (20-F), detailing financial performance and key subsidiary operations.</b>

AI Summary

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK (TLK) filed a Foreign Annual Report (20-F) with the SEC on April 1, 2024. PT Telekomunikasi Indonesia Tbk filed its annual report on Form 20-F for the fiscal year ending December 31, 2023. The filing covers the company's financial performance and business operations for the year 2023. Key subsidiaries and associated companies are listed, including PT Goto Gojek Tokopedia, PT Bank Negara Indonesia (Persero) Tbk, and Indosat. The report includes information on tax contingent liabilities for VAT assessments from 2020. The company's fiscal year end is December 31st.

Why It Matters

For investors and stakeholders tracking PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK, this filing contains several important signals. This 20-F filing provides investors with a comprehensive overview of PT Telekomunikasi Indonesia's financial health and strategic positioning for the fiscal year 2023. The inclusion of specific subsidiaries and tax-related disclosures offers insight into the company's operational structure and potential financial exposures.

Risk Assessment

Risk Level: low — PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK shows low risk based on this filing. The filing is a standard annual report (20-F) and does not contain immediate red flags or urgent disclosures, indicating a routine reporting event.

Analyst Insight

Review the detailed financial statements and risk factors within the 20-F to understand PT Telekomunikasi Indonesia's performance and outlook for 2023.

Key Numbers

• 2023-12-31 — Fiscal Year End (Period of Report)
• 2024-04-01 — Filing Date (Date Filed)

Key Players & Entities

• PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK (company) — Filer
• PT Goto Gojek Tokopedia (company) — Subsidiary
• PT Bank Negara Indonesia (Persero) Tbk (company) — Associated Company
• Indosat (company) — Associated Company
• 2020 (date) — Tax Assessment Year
• 2023 (date) — Fiscal Year End
• 2024-04-01 (date) — Filing Date

FAQ

Industry Context

PT Telekomunikasi Indonesia Tbk operates within the telecommunications sector in Indonesia, a market characterized by significant mobile penetration and growing demand for digital services.

Regulatory Implications

As a publicly traded company in Indonesia, PT Telekomunikasi Indonesia Tbk is subject to Indonesian corporate law and securities regulations, in addition to SEC reporting requirements for its ADRs.

What Investors Should Do

1. Analyze the financial statements and management discussion for detailed performance metrics.
2. Investigate the listed subsidiaries and their contributions to the overall business.
3. Review any disclosed tax liabilities and their potential impact.

Key Dates

• 2023-12-31: Fiscal Year End — Reporting period for the 20-F filing.
• 2024-04-01: Filing Date — Date the 20-F was submitted to the SEC.

Year-Over-Year Comparison

This is the initial filing for the fiscal year 2023, following the previous year's report.

Filing Documents

• tmb-20231231x20f.htm (20-F) — 12741KB
• tmb-20231231xex1d1.htm (EX-1.1) — 790KB
• tmb-20231231xex2d1.htm (EX-2.1) — 155KB
• tmb-20231231xex4d1.htm (EX-4.1) — 218KB
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• tmb-20231231xex4d4.htm (EX-4.4) — 459KB
• tmb-20231231xex8d1.htm (EX-8.1) — 275KB
• tmb-20231231xex12d1.htm (EX-12.1) — 17KB
• tmb-20231231xex12d2.htm (EX-12.2) — 18KB
• tmb-20231231xex13d1.htm (EX-13.1) — 10KB
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• tmb-20231231xex97.htm (EX-97) — 42KB
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• 0001558370-24-004465.txt (&nbsp;) — 54686KB
• tmb-20231231.xsd (EX-101.SCH) — 296KB
• tmb-20231231_cal.xml (EX-101.CAL) — 152KB
• tmb-20231231_def.xml (EX-101.DEF) — 1137KB
• tmb-20231231_lab.xml (EX-101.LAB) — 1583KB
• tmb-20231231_pre.xml (EX-101.PRE) — 1611KB
• tmb-20231231x20f_htm.xml (XML) — 14626KB

Item 18

Item 17 Item 18 If this is an Annual Report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No *The Series B Shares were registered in connection with the registration of American Depositary Shares ("ADSs"). The Series B Shares are not listed for trading on the New York Stock Exchange Table of Contents TABLE OF CONTENTS DEFINITIONS 4 CERTAIN DEFINITIONS, CONVENTIONS AND GENERAL INFORMATION 21

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS 21 PART I ITEM 1 IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISORS 22 ITEM 2 OFFER STATISTICS AND EXPECTED TIMETABLE 22 ITEM 3 KEY INFORMATION 22 ITEM 4 INFORMATION ON THE COMPANY 57 ITEM 4A UNRESOLVED STAFF COMMENTS 99 ITEM 5 OPERATING AND FINANCIAL REVIEW AND PROSPECTS 99 ITEM 6 DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES 127 ITEM 7 MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS 141 ITEM 8 FINANCIAL INFORMATION 145 ITEM 9 THE OFFER AND LISTING 146 ITEM 10 ADDITIONAL INFORMATION 149 ITEM 11 QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK 175 ITEM 12

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 178 PART II ITEM 13 DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 183 ITEM 14 MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 184 ITEM 15

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 184 ITEM 16 [ RESERVED ] 185 ITEM 16A AUDIT COMMITTEE FINANCIAL EXPERT 185 ITEM 16B CODE OF ETHICS 185 ITEM 16C PRINCIPAL ACCOUNTANT FEES AND SERVICES 185 ITEM 16D EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 186 ITEM 16E PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 187 ITEM 16F CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 187 ITEM 16G CORPORATE GOVERNANCE 187 ITEM 16H MINE SAFETY DISCLOSURE 189 ITEM 16I DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 189 ITEM 16J INSIDER TRADING 189 ITEM 16K CYBERSECURITY 190 PART III ITEM 17

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 194 ITEM 18

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 194 ITEM 19 EXHIBITS 195

SIGNATURES

SIGNATURES 196 EXHIBIT 1.1 Articles of Association (as amended on June 22, 2022) EXHIBIT 2.1

Description of Securities

Description of Securities EXHIBIT 4.1 Deed of Spin-off of IndiHome Business Segment by Telkom into Telkomsel dated June 27, 2023 EXHIBIT 4.2 Fixed Broadband Core Transition Services Agreement between Telkom and Telkomsel dated April 6, 2023 EXHIBIT 4.3 IT System Transition Services Agreement between Telkom and Telkomsel dated April 6, 2023 EXHIBIT 4.4 Wholesale Agreement between Telkom and Telkomsel dated April 6, 2023 EXHIBIT 8.1 List of Significant Subsidiaries EXHIBIT 12.1 CEO Certification pursuant to section 302 2 Table of Contents EXHIBIT 12.2 CFO Certification pursuant to section 302 EXHIBIT 13.1 CEO Certification pursuant to section 906 EXHIBIT 13.2 CFO Certification pursuant to section 906 EXHIBIT 97.1 Guidelines for the Deferred Bonus Mechanism of Telkom dated June 22, 2022 3 Table of Contents DEFINITIONS 3G The generic term for third generation mobile telecommunications technology. 3G offers high speed connections to cellular phones and other mobile devices, enabling video conference and other applications requiring broadband connectivity to the internet. 3.5G A grouping of disparate mobile telephony and data technologies designed to provide better performance than 3G systems, as an interim step towards deployment of full 4G/LTE capability. 4G/LTE A fourth-generation super-fast internet network technology based on IP that makes the process of data transfer much faster and more stable than 3.5G. 5G A fifth generation of cellular mobile communications which targets high data rate, reduced latency, energy saving, cost reduction, higher system capacity and massive device connectivity. 5G Fixed Wireless Access Technology Roadmap The strategic plan that outlines the deployment of 5G networks to provide high-speed, reliable wireless internet connectivity directly to homes and businesses. ADRs American depositary receipts which, if issued, represents our ADSs. ADSs Our American deposita

View Full Filing

View this 20-F filing on SEC EDGAR