Treasury stock SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued u. Financial instruments continued

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2014 and for the Year Then Ended Figures in tables are expressedin billions of Rupiah, unless otherwise stated 41

3. BUSINESS COMBINATIONS continued a. Acquisitions continued

The fair values of the assets acquired and liabilities transferred at the acquisition date were as follows: Total Cash and equivalents 6 Trade receivable 20 Other current assets 17 Property and equipment 6 Intangibles 78 Lease 4 Current liabilities 29 Non current liabilities 2 Fair value of identifiable net asset acquired 100 Fair value of non-controlling interest 39 Goodwill 54 Fair value of consideration transferred 115 Exchange rate prevailing at the time of acquisition is Rp10,655AU. Since the acquisition date, CCA have generated operating revenue amounting to AU 1,139,997 equivalent to Rp12 billion. The net cash flow to acquire control, net of cash acquired, amounting to Rp110 billion. The business combination transactions mentioned in above has complied to the related Bapepam-LK Regulations.

b. Disposal of Indonusa

On October 8, 2013, the Company sold 80 of its ownership in Indonusa to PT Trans Corpora and PT Trans Media Corpora for Rp926 billion. Further, on the same date, the Company, Metra and PT Trans Corpora signed a Shareholders Agreement that establishes mutual relationship among the shareholders of Indonusa, including the grant of the right to the Company and Metra to sell their 20 remaining ownership in Indonusa to PT Trans Corpora at any time in 24 months after the second year of the closing transaction at a certain price Put Option. The Company had received the full payment for the sale transaction. The Company recognized the gain on sale of Indonusa shares in the consolidated statement of comprehensive income of the year 2013 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