Assets held for sale Property and equipment - direct acquisitions continued

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2013 and for the Year Then Ended Figures in tables are expressed in billions of rupiah, unless otherwise stated 40

3. BUSINESS COMBINATION continued

b. Disposal of Indonusa continued

The Company recognized the gain on sale of Indonusa shares in the consolidated statement of comprehensive income of the current year as follows: Amount Fair value of considerations received: Cash 926 Put Option 289 Fair value of interest retained in Indonusa Note 10 182 Carrying amount of assets and liabilities of Indonusa 14 Gain on sale of shares 1,383

4. CASH AND CASH EQUIVALENTS

2013 2012 Cash on hand 7 7 Cash in banks Related parties Rupiah PT Bank Mandiri Persero Tbk “Bank Mandiri” 804 913 PT Bank Negara Indonesia Persero Tbk “BNI” 409 284 PT Bank Rakyat Indonesia Persero Tbk “BRI” 70 87 PT Bank Tabungan Negara Persero Tbk “BTN” 50 13 Others 6 1 1,339 1,298 Foreign currencies Bank Mandiri 458 222 BNI 224 20 BRI 75 2 Others 757 244 Sub-total 2,096 1,542 Third parties Rupiah Deutsche Bank AG “DB” 62 62 Others each below Rp50 billion 163 162 225 224 Foreign currencies Standard Chartered Bank “SCB” 313 112 Others each below Rp50 billion 102 65 415 177 Sub-total 640 401 Total cash in banks 2,736 1,943 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2013 and for the Year Then Ended Figures in tables are expressed in billions of rupiah, unless otherwise stated 41

4. CASH AND CASH EQUIVALENTS continued

2013 2012 Time deposits Related parties Rupiah BRI 2,445 2,883 BNI 1,975 1,511 Bank Mandiri 1,271 312 BTN 375 401 PT Bank Syariah Mandiri ”BSM” 50 23 Others each below Rp20 billion - 20 6,116 5,150 Foreign currencies BRI 3,260 1,966 BNI 264 112 Bank Mandiri - 222 3,524 2,300 Sub-total 9,640 7,450 Third parties Rupiah PT Bank Central Asia Tbk “BCA” 599 - PT Bank Mega Tbk “Bank Mega” 275 335 PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk “BJB” 245 170 PT Bank Muamalat Indonesia Tbk 150 153 PT Bank Yudha Bhakti 145 - PT Bank Tabungan Pensiunan Nasional Tbk 136 167 PT Bank Internasional Indonesia Tbk “BII” 126 120 PT Bank CIMB Niaga Tbk “Bank CIMB Niaga” 83 225 PT Bank Ekonomi Raharja Tbk “Bank Ekonomi” 73 - PT Bank Panin Tbk 70 100 PT Bank Bukopin Tbk “Bank Bukopin” 65 160 PT Bank OCBC NISP Tbk “OCBC NISP” - 400 Citibank N.A. “Citibank” - 400 PT Bank Danamon Indonesia Tbk “Bank Danamon” - 61 PT Bank UOB Indonesia “Bank UOB” - 60 Others each below Rp50 billion 102 46 2,069 2,397 Foreign currencies OCBC NISP 244 517 SCB - 804 244 1,321 Sub-total 2,313 3,718 Total time deposits 11,953 11,168 Grand Total 14,696 13,118 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2013 and for the Year Then Ended Figures in tables are expressed in billions of rupiah, unless otherwise stated 42

4. CASH AND CASH EQUIVALENTS continued

Interest rates per annum on time deposits are as follows: 2013 2012 Rupiah 1.00 - 11.50 2.25 - 8.50 Foreign currencies 0.03 - 3.00 0.05 - 3.50 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

2013 2012 Time deposits Related parties BRI 1,000 1,650 Others 19 - Sub-total 1,019 1,650 Third parties SCB 1,859 1,350 CIMB Niaga 1,800 - OCBC NISP 1,600 1,000 Others 10 - Sub-total 5,269 2,350 Total time deposits 6,288 4,000 Available-for-sale financial assets Related parties Government 133 123 State-owned enterprises 74 67 PT Bahana Securities “Bahana” - 48 Sub-total 207 238 Third parties 65 72 Total available-for-sale financial assets 272 310 Derivative asset - Put Option 297 - Others 15 28 Total 6,872 4,338 As of December 31, 2013 and 2012, time deposits denominated in foreign currency amounted to Rp59 billion and Rp0, respectively. The time deposits have maturities of more than three months but not more than one year, with interest rates as follows: 2013 2012 Rupiah 1.60 - 10.50 6.25 - 6.75 Foreign currency 1.00 - 1.10 - Refer to Note 37 for details of related party transactions.