HERE IS TRAFFIC FROM INDOSAT AND THE #'s
TABLE 1
PT INDOSAT STATEMENT OF TRAFFIC VOLUME FOR THE
NINE MONTHS ENDED SEPTEMBER 30,1996,1997, AND
THE THREE MONTHS ENDED SEPTEMBER 30,1996,1997
Precentage Change % (6)
-----------------------
Nine Months Ended Three Months Ended Nine Three Nine Months Ended Three Months Ended Nine Three
September 30, September 30, Months Months
----------------- ------------------ --------- ---------
1996 1997 1996 1997 1997/1996 1997/1996
Traffic Volume
International Telephone (1)
Incoming 243.2 287.7 83.7 97.2 18.3% 16.1%
Outgoing 183.4 221.2 64.9 81.2 20.6% 25.1%
Total International Telephone 426.6 508.9 148.6 178.4 19.3% 20.0%
Other Telecommunications Services
Telex (1) 7.8 4.2 4.4 1.4 -46.1% -68.3%
Telegraph (2) 1.9 1.4 0.6 0.4 -27.3% -27.7%
High-Speed Leased Line (IBS) (3) 320 532 - - 66.3% -
Low-Speed Leased Line (3) 48 33 - - 31.3% -
Packet Switched
Data Network (PS DN) (4) 1.4 1.6 0.5 0.4 17.0% -23.9%
Telecast Services (5) 83.0 82.5 36.7 23.8 -0.6% -35.2%
(1) International Telephone & telex traffic volume numbers are in million minutes.
(2) International Telegraph traffic volume numbers are in million words.
(3) High/Low - Speed Leased Line traffic volume numbers are in number of circuits (cumulative data).
(4) PSDN traffic volume numbers are in million minutes.
(5) Telecast services numbers are in thousand minutes.
(6) Percentage changes compare three month periods ended September 30, 1996 - 1997. Actual figures shown in this table
may vary due to rounding.
TABLE 2
PERUSAHAAN PERSEROAN (PERSERO) PT INDONESIAN SATELLITE CORPORATION AND HOLDING COMPANY
CONSOLIDATED STATEMENTS OF INCOME
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1996 & 1'397
(in Billions of Indonesian Rupiah and Millions of US$, except for EPS and Earning per ADS)
Nine months Three months Percentage
ended September, 30 ended September, 30 change
-----------------------------------------------------------------
DESCRIPTION 1996 1997 1996 1997 Nine Three
Rp Rp us$ Rp Rp US $ months months
1 2 3 4 5=(2-1)11 6=4-3)13
-----------------------------------------------------------------
OPERATING REVENUES:
INTERNATIONAL TELEPHONE 810.8 942.7 287.9 278.8 333.2 101.8 16.3% 19.5%
OTHERS TELECOMMUNICATIONS SERVICES
Telex & Telegraph 14.3 17.6 5.4 2.8 5.9 1.8 23.1% 108.2%
High-Speed Leaset Line (IBS) 34.5 55.7 17.0 13.1 20.7 6.3 61.4% 58.3%
Low-Speed Leased Line 4.2 3.1 0.9 1.2 1.0 0.3 -26.9% -18.7%
Packed Switch Data Network (PSDN) 3.6 5.9 1.8 1.6 2.5 0.8 62.9% 57.7%
Telecast & Others 5.5 7.6 2.3 2.7 3.1 0.9 37.3% 15.6%
Income from subsidiary 10.8 19.5 5.9 4.6 5.8 1.8 80.4% 27.6%
TOTAL OTHER TELECOMMUNICATIONS SERVICES 73.0 109.4 33.4 25.9 39.0 11.9 49.9% 50.5%
TOTAL OPERATING REVENUES 883.8 1,052.1 321.2 304.7 372.2 113.7 19.0% 22.2%
OPERATING EXPENSES
COMPENSATION TO TELKOM 213.2 251.1 76.7 71.9 90.0 27.5 17.8% 25.1%
OTHER
Personnel 85.2 97.5 29.8 30.7 33.1 10.1 14.4% 7.5%
Administration & General 51.1 62.9 19.2 18.9 22.9 7.0 23.2% 21.0%
Other Cost of Telecommunications 51.6 62.6 19.1 22.1 21.6 6.6 21.4% -2.3%
Depreciation 40.8 49.4 15.1 13.8 17.2 5.2 21.1% 24.1%
Maintenance 21.4 27.3 8.3 6.6 10.4 3.2 27.4% 57.7%
TOTAL OTHER OPERATING EXPENSES 250.1 299.7 91.5 92.2 105.2 32.1 19.8% 14.0%
TOTAL OPERATING EXPENSES 463.3 550.8 168.2 164.1 195.2 59.6 18.9% 18.9%
OPERATING INCOME 420.5 501.3 153.1 140.6 177.1 54.1 19.2% 26.0%
OTHER INCOME - NET
Gain on Foreign exchange-net 3.9 34.5 10.5 2.6 30.9 9.4 797.1% 1081.4%
Investment Income 4.5 9.7 3.0 7.3 4.3 1.3 115.3% -41.0%
Interest-net 64.0 68.5 20.9 19.7 26.5 8.1 7.1% 34.4%
Others-net 1.1 (4.8) (1.5) 1.4 0.7 0.2 -560.9% -48.2%
TOTAL OTHER INCOME - NET 73.4 107.9 33.0 31.0 62.4 19.0 47.1% 101.5%
INCOME BEFORE PROVISION FOR INCOME TAX 493.9 609.2 186.0 171.5 239.5 73.1 23.4% 39.6%
PROVISION INCOME TAX 132.3 162.5 49.6 44.7 64.4 19.7 22.9% 44.1%
NET INCOME 361.6 446.7 136.4 126.9 175.1 53.5 23.5% 38.0%
MINORITY STOCKHOLDER'S RIGHT 0.5 0.9 0.3 0.1 0.3 0.1 78.7% 203.5%
NET INCOME AFTER MINORITY STOCKHOLDER'S
RIGHT 361.1 447.6 136.7 126.8 175.4 53.5 23.9% 38.3%
Earning per Share (EPS) & per (ADS) 348.7 432.2 1.3 122.4 169.4 0.5 23.9% 38.3%
(1) Translated into dollars based on average buying and selling rate of US$ 1.00 = Rp 3,275 which are
published by Indonesian central Bank on September 30, 1997
(2) Percentage changes may vary due to rounding.
on September 30, 1996
TABLE 3
PERUSAHAAN PERSEROAN (PERSERO) PT INDONESIAN SATELLITE CORPORATION AND HOLDING COMPANY
UNCONSOLIDATED STATEMENTS OF INCOME
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1996 & 1997
(in Billions of Indonesian Rupiah and Millions of US$, except for EPS and Earning per ADS)
Nine months Three months Precentage
DESCRIPTION ended September.30 ended September, 30 change
-----------------------------------------------------------------
1996 1997 1996 1997 Nine Three
Rp Rp US$ Rp Rp US$ months months
1 2 3 4
-----------------------------------------------------------------
OPERATING REVENUES:
INTERNATIONAL TELEPHONE 810.8 942.7 287.9 278.8 333.2 101.8 16.3% 19.5%
OTHERS TELECOMMUNICATIONS
SERVICES
Telex & Telegraph 14.3 17.6 5.4 2.8 5.9 1.8 23.1% 108.2%
High-Speed Leased Line
(IBS) 34.5 55.7 17.0 13.1 20.7 6.3 61.4% 58.3%
Low-Speed Leased Line 4.2 3.1 0.9 1.2 1.0 0.3 -26.9% -18.7%
Packed Switch Data
Network (PSDN) 3.6 5.9 1.8 1.6 2.5 0.8 62.9% 57.7%
Telecast & Others 5.5 7.6 2.3 2.7 3.1 0.9 37.3% 15.6%
TOTAL OTHER
TELECOMMUNICATIONS
SERVICES 62.2 89.9 27.4 21.4 33.2 10.1 44.6% 55.3%
TOTAL OPERATING
REVENUES 873.0 1,032.6 315.3 300.2 366.4 111.9 18.3% 22.1%
OPERATING EXPENSES
COMPENSATION TO TELKOM 213.2 251.1 76.7 71.9 89.7 27.4 17.8% 24.8%
OTHER
Personne 83.0 93.0 28.4 29.8 30.9 9.4 12.1% 3.5%
Administration and
General 48.0 58.7 17.9 17.3 21.3 6.5 22.1% 23.4%
Other cost of
Telecommunication 44.8 53.1 16.2 18.8 18.9 5.8 18.5% 1.0%
Depreciation 40.4 49.1 15.0 13.6 17.1 5.2 21.5% 25.4%
Maintenance 21.5 27.5 8.4 6.6 10.7 3.3 27.7% 62.5%
TOTAL OTHER OPERATING 237.8 281.3 85.9 86.1 98.8 30.2 18.3% 14.9%
EXPENSES
TOTAL OPERATING EXPENSES 451.0 532.5 162.6 168.0 188.6 57.6 18.1% 19.4%
OPERATING INCOME 422.0 500.2 152.7 142.2 177.8 54.3 18.5% 25.1%
OTHER INCOME - NET
Gain on Foreign
exchange-net 3.9 34.5 10.5 2.5 58.4 17.8 797.1% 2239.1%
investment Income 11.3 21.3 6.5 9.5 0.4 0.1 88.9% -95.4%
interest-net 64.0 59.8 18.3 19.0 23.5 7.2 -6.5% 23.7%
Others-net 1.1 (4.6) (1.4) 1.5 (8.0) (2.4) -541.5% -630.4%
TOTAL OTHER INCOME - NET 80.2 111.0 33.9 32.5 74.4 22.7 38.5% 128.7%
INCOME BEFORE PROVISION
FOR INCOME TAX 502.2 611.2 186.6 174.7 252.5 77.0 21.7% 44.4%
PROVISION FOR INCOME TAX 132.3 162.5 49.6 44.7 63.6 19.4 22.9% 42.4%
NET INCOME 369.9 448.6 137.0 130.0 188.6 57.6 21.3% 45.0%
Earning per Share (EPS) 357.2 433.3 1.3 125.6 182.1 0.6 21.3% 45.0%
(1) Translated into dollars based on average buying and selling rate Of US$ I.oo = Rp 3,275
which are published by Indonesian central Bank on September 30, 1997
(2) Percentage changes may vary due to rounding
TABLE 4
PERUSAHAAN PERSEROAN (PERSERO) PT INDONESIAN SATELLITE CORPORATION AND HOLDING COMPANY
BALANCE SHEET AS OF SEPTEMBER 30, 1996 AND 1997
(in Billions of Indonesian Rupfah and Millions of US$)
PTINDOSAT CONSOLIDATED (1)
DESCRIPTION 1996 1997 1996 1997
Rp Rp Rp Rp US$ (2)
---------------------------------------------------------------------
CURRENT ASSETS
Cash on Hand & in B&iks 14.2 8.4 30.2 18.7 5.7
Short-term investments 683.3 565.4 695.4 581.5 177.6
Accounts Receivable
Trade 348.3 497.2 352.2 510.7 155.9
Others 19.2 31.7 19.2 34.4 10.5
Prepaid Expenses 13.7 7.7 13.9 7.9 2.4
Advances 7.8 13.1 8.9 20.5 6.2
TOTAL CURRENT ASSETS 1,086.4 1,123.4 1,119.8 1,173.7 358.4
LONG-TERM INVESTMENTS 848.2 1,277.7 821.7 1,213.9 370.7
PROPERTY & EQUIPMENT
Net Book Value 504.2 738.0 503.6 749.3 228.8
Construction in Progress 203.2 57.6 201.8 56.4 17.2
Total Property &
Equipment 707.4 795.5 705.3 805.6 246.0
OTHER ASSETS
Long-term Receivabies 48.7 48.7 - 55,6 17.0
Deferred Stock Issuance
Cost 21.5 14.5 21.5 14.5 4.4
Intangible pension asset 5.8 10.2 5.8 10.2 3.1
Others 2.6 3.6 8.2 10.3 3.1
TOTAL OTHER ASSETS 78.6 69.0 286.0 90.6 27.7
TOTAL ASSETS 2,720.7 3,265.7 2,731.0 3,283.8 1,002.7
CURRENT LIABILITIES
Notes Payable 0 0 5.4 0 0.0
Accounts Payable
Trade 45.1 67.7 49.4 74.4 33.7
Others 38.6 165.9 37.1 168.6 51.5
Taxes Payable 21.9 42.3 23.1 43.7 13.3
Accrued Expenses 44.7 54.2 45.9 54.7 16.7
Current Maturities of 2.5 5.8 2.5 6.4 1.9
Long-term Debt 0.0 0.0 0.0 2.4 0.7
Others 152.8 335.9 163.4 350.1 106.9
TOTAL CURRENT LIABILITIES
Unfunded accumulated
pension obligation 5.9 10.2 5.9 10.2 3.1
LONG-TERM DEBT 35.3 27.9 36.1 28.2 8.6
MINORITY INTEREST 0 0 4.5 9.4 2.9
STOCKHOLDERS'EQUITY
Capital Stock 517.8 517.8 517.8 517.8 158.1
Premium on Capital
Stock 673.1 673.1 673.1 673.1 205.5
Additional paid in
capital 437.2 391.1 437.2 392.0 119.7
Retained Earning
Appropriated 0.4 0.4 0.4 0.4 0.1
Unappropriated 528.4 860.7 531.4 855.1 261.1
Net Income This Year 369.9 448.6 361.1 447.6 136.7
Total Retained Earning 898.7 1,309.8 893.0 1,303.0 397.9
TOTAL STOCKHOLDERS EQUITY 2,526.7 2,891.7 2,521.0 2,885.8 881.2
TOTAL LIABILITIES AND
STOCKHOLDERS EQUITY 2,720.7 3,265.7 2,731.0 3,283.8 1,002.7
Translated into dollars based on average buying and selling rate of
US$ 1.00 = Rp. 3,275
Which are published by Indonesian Central Bank on September 30, 1997
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