BUSINESS COMBINATION continued b. Disposal of Indonusa continued

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of March 31, 2014 and for three months period then ended unaudited Figures in tables are expressed in billions of rupiah, unless otherwise stated 40

4. CASH AND CASH EQUIVALENTS continued

Interest rates per annum on time deposits are as follows: March 31, 2014 December 31, 2013 Rupiah 2.47-11.50 1.00 - 11.50 Foreign currencies 0.03-2.70 0.03-3.00 The related parties in which the Company and subsidiaries place their funds are state-owned banks. The Company and subsidiaries placed a majority of their cash and cash equivalents in these banks because they have the most extensive branch networks in Indonesia and are considered to be financially sound banks, as they are owned by the State. Refer to Note 37 for details of related party transactions.

5. OTHER CURRENT FINANCIAL ASSETS March 31,

December 31, 2014 2013 Time deposits Related parties BRI 400 1,000 Others 20 19 Sub-total 420 1,019 Third parties CIMB Niaga 700 1,800 OCBC NISP 600 1,600 SCB 355 1,859 Others 12 10 Sub-total 1,667 5,269 Total time deposits 2,087 6,288 Available-for-sale financial assets Related parties Government 131 133 State-owned enterprises 72 74 Sub-total 203 207 Third parties 67 65 Total available-for-sale financial assets 270 272 Derivative asset - Put Option 297 297 Others 1 15 Total 2,655 6,872 As of March 31, 2014 and December 31, 2013, time deposits denominated in foreign currency amounted to Rp55 billion and Rp59 billion, respectively. The time deposits have maturities of more than three months but not more than one year, with interest rates as follows: March 31, December 31, 2014 2013 Rupiah 1.60 - 10.50 1.60 - 10.50 Foreign currency 0.10 - 1.10 1.00 - 1.10 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of March 31, 2014 and for three months period then ended unaudited Figures in tables are expressed in billions of rupiah, unless otherwise stated 41 Refer to Note 37 for details of related party transactions.

6. TRADE RECEIVABLES

Trade receivables arise from services provided to both retail and non-retail customers, with details as follows: a. By debtor i Related parties March 31, December 31, 2014 2013 State-owned enterprises 937 877 PT Indosat Tbk “Indosat” 207 48 Indonusa 93 180 CSM 56 45 Others 210 241 Total 1,503 1,391 Provision for impairment of receivables 550 491 Net 953 900 ii Third parties March 31, December 31, 2014 2013 Individual and business subscribers 7,810 7,010 Overseas international carriers 406 497 Total 8,217 7,507 Provision for impairment of receivables 2,626 2,381 Net 5,590 5,126 Trade receivables from certain parties are presented net of the Company and subsidiaries’ liabilities to such parties due to the existence of a legal right of set-off in accordance with the agreements with those parties. b. By age i Related parties March 31, December 31, 2014 2013 Up to 6 months 711 836 7 to 12 months 313 223 More than 12 months 479 332 Total 1,503 1,391 Provision for impairment of receivables 550 491 Net 953 900