Yes, that will be the current on the secondary (12-volt) side of the transformer.
In a theoretically perfect transformer, the primary current would then be 10% of that, or 0.17A. (Primary voltage is 10 times secondary voltage, therefore for the same power secondary current must be 10 times the primary current).
In practice, the primary current will be a little higher due to losses in the transformer, and due to the circuit not being purely resistive.
