832 INCOME TAX EXPENSE BENEFIT

These consolidated financial statements are originally issued in Indonesian language. The accompanying notes to the consolidated financial statem ents form an integral part of these consolidated financial statements taken as a whole. 5 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN EQUITY For the Six Months Period Ended June 30, 2015 and 2014 Unaudited Figures in tables are expressed in billions of rupiah, unless otherwise stated Attributable to owners of the parent company Difference Unrealized due to Effect of holding acquisition of change in gain on non- Additional equity of available- controlling Retained earnings Non- Capital paid-in Treasury associated for-sale Translation interests in Other controlling Total Descriptions Notes stock capital stock companies securities adjustment subsidiaries reserves Appropriated Unappropriated Net interests equity Balance, December 31, 2014 5,040 2,899 3,836 386 39 415 508 49 15,337 47,986 67,807 18,318 86,125 Adjustment in relation to implementation of Statement of Financial Accounting Standards PSAK No. 24 Employee benefits Revised 2013 2ab - - - - - - - - - 9 9 5 14 Balance, January 1, 2015, restated 5,040 2,899 3,836 386 39 415 508 49 15,337 47,995 67,816 18,323 86,139 Paid in capital for associated companies - - - - - - - - - - - 4 4 Ca sh dividends 2w,32 - - - - - - - - - 8,782 8,782 6,133 14,915 Comprehensive income 1d,2b,2f, for the period 2q,2u,21 - - - - 1 67 - - - 7,447 7,513 3,532 11,045 Balance, June 30, 2015 5,040 2,899 3,836 386 38 482 508 49 15,337 46,660 66,547 15,718 82,265 These consolidated financial statements are originally issued in Indonesian language. The accompanying notes to the consolidated financial statem ents form an integral part of these consolidated financial statements taken as a whole. 6 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN EQUITY For the Six Months Period Ended June 30, 2015 and 2014 Unaudited Figures in tables are expressed in billions of rupiah, unless otherwise stated Attributable to owners of the parent company Difference Unrealized due to Effect of holding acquisition of change in gain on non- Additional equity of available- controlling Retained earnings Non- Capital paid-in Treasury associated for-sale Translation interest in Other controlling Total Descriptions Notes stock capital stock companies securities adjustment subsidiaries reserves Appropriated Unappropriated Net interests equity Balance, December 31, 2013 5,040 2,323 5,805 386 38 391 508 49 15,337 43,291 60,542 16,882 77,424 Adjustment in relation to implementation of Statement of Financial Accounting Standards PSAK No. 24 Employee benefits Revised 2013 2ab - - - - - - - - - 658 658 50 608 Balance, January 1, 2014, restated 5,040 2,323 5,805 386 38 391 508 49 15,337 42,633 59,884 16,932 76,816 Paid in capital for associated companies - - - - - - - - - - - 35 35 Cash dividends 2w,32 - - - - - - - - - 9.943 9,943 5,485 15,428 Sales of treasury stock 24 - 576 1,969 - - - - - - - 2,545 - 2,545 Comprehensive income 1d,2b,2f, loss for the period 2q,2u,21 - - - - 3 46 - - - 7,286 7,243 3,049 10,292 Balance, June 30, 2014 5,040 2,899 3,836 386 41 345 508 49 15,337 39,976 59,729 14,531 74,260 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES CONSOLIDATED STATEMENT OF CASH FLOW For the Six months period ended June 30, 2015 and 2014 Unaudited Figures in tables are expressed in billions of Rupiah, unless otherwise stated The accompanying notes to the consolidated financial statements, form an integral part ofthese consolidated financial statements taken as a whole. 7 Notes 2015 2014 CASH FLOWS FROM OPERATING ACTIVITIES Cash receipts from: Customers 45,109 38,772 Other operators 2,136 2,440 Total cash receipts from revenues 47,245 41,212 Interest income received 595 641 Payment for value added tax - net 276 386 Other cash receipts - net 85 173 Cash payments for expenses 17,881 15,386 Cash payments to employees 6,259 4,961 Payments for corporate and final income taxes 4,438 3,960 Payments for interest costs 983 810 Net cash provided by operating activities 18,640 17,295 CASH FLOWS FROM INVESTING ACTIVITIES Increase decrease in advances for purchases of property and equipment 209 487 Proceeds from sale of property and equipment 10 177 1 Proceeds from insurance claims 10 68 40 Proceeds from time deposits 5 - 6,200 Acquisition of property and equipment 10 9,930 11,077 Acquisition of intangible assets 12 480 329 Placem ents in assets available for sale 5 169 20 Increase of long-term investments 9 7 32 Increase decrease in advances and other assets 2 172 Net cash used in investing activities 10,134 5,532 CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from bank loans 20 8,450 4,353 Proceeds from bonds 19 7,000 - Proceeds from short-term bank loans 16 1,757 2,729 Proceeds from medium term notes 19 120 - Proceeds from promissory notes 19 - 21 Proceeds from treasury stock 24 - 2,545 Cash dividends paid to the Company PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2015 and for the Six Months Period Then Ended Unaudited Figures in tables are expressed in billions of Rupiah, unless otherwise stated 8

1. GENERAL a. Establishment and general information

Perusahaan Perseroan Persero PT Telekomunikasi Indonesia Tbk the PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2015 and for the Six Months Period Then Ended Unaudited Figures in tables are expressed in billions of Rupiah, unless otherwise stated 9

1. GENERAL continued a. Establishment and general information continued