CAPITAL MANAGEMENT continued Telekomunikasi Indonesia Eng

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2012 AND FOR THE YEAR THEN ENDED WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2011 AND FOR THE YEAR THEN ENDED AND AS OF JANUARY 1, 2011 Figures in tables are presented in billions of Rupiah, unless otherwise stated 123 49. SUMMARY OF SIGNIFICANT DIFFERENCES BETWEEN PSAK AND IFRS INTERNATIONAL FINANCIAL REPORTING STANDARDS The following tables set forth a reconciliation of the consolidated statement of financial position as of December 31, 2012 and consolidated statements of comprehensive income for the year ended December 31, 2012, in each case between PSAK and IFRS. PSAK RECONCILIATION IFRS CONSOLIDATED STATEMENT OF FINANCIAL POSITION DECEMBER 31, 2012 ASSETS CURRENT ASSETS Cash and cash equivalents 13,118 - 13,118 Other current financial assets 4,338 - 4,338 Trade receivables - net of provision for impairment of receivables Related parties 701 683 1,384 Third parties 4,522 683 3,839 Other receivables - net of provision for impairment of receivables 186 - 186 Inventories - net of provision for obsolescence 579 - 579 Advances and prepaid expenses 3,721 - 3,721 Claims for tax refund 436 - 436 Prepaid taxes 372 - 372 Total Current Assets 27,973 - 27,973 NON-CURRENT ASSETS Long-term investments 275 - 275 Property and equipment - net of accumulated depreciation 77,047 139 76,908 Prepaid pension benefit costs 1,032 1,032 - Advances and other non-current assets 3,510 - 3,510 Intangible assets - net of accumulated amortization 1,443 - 1,443 Deferred tax assets - net 89 13 102 Total Non-current Assets 83,396 1,158 82,238 TOTAL ASSETS 111,369 1,158 110,211 LIABILITIES AND EQUITY CURRENT LIABILITIES Trade payables Related parties 432 609 1,041 Third parties 6,848 609 6,239 Other payables 176 - 176 Taxes payables 1,844 - 1,844 Accrued expenses 6,163 - 6,163 Unearned income 2,729 - 2,729 Advances from customers and suppliers 257 - 257 Short-term bank loans 37 - 37 Current maturities of long-term liabilities 5,621 - 5,621 Total Current Liabilities 24,107 - 24,107 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2012 AND FOR THE YEAR THEN ENDED WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2011 AND FOR THE YEAR THEN ENDED AND AS OF JANUARY 1, 2011 Figures in tables are presented in billions of Rupiah, unless otherwise stated 124 49. SUMMARY OF SIGNIFICANT DIFFERENCES BETWEEN PSAK AND IFRS INTERNATIONAL FINANCIAL REPORTING STANDARDS continued PSAK RECONCILIATION IFRS NON-CURRENT LIABILITIES Deferred tax liabilities - net 3,059 574 2,485 Other liabilities 334 - 334 Long service awards provisions 347 - 347 Post-retirement health care benefits provisions 679 2,570 3,249 Retirement benefits obligation and other post-retirement benefits 2,248 1,809 4,057 Long-term liabilities - net of current maturities Obligations under finance leases 1,814 - 1,814 Two-step loans 1,791 - 1,791 Bonds and notes 3,229 - 3,229 Bank loans 6,783 - 6,783 Total Non-current Liabilities 20,284 3,805 24,089 TOTAL LIABILITIES 44,391 3,805 48,196 EQUITY Capital stock 5,040 - 5,040 Additional paid-in capital 1,073 - 1,073 Treasury stock 8,067 - 8,067 Difference in value arising from restructuring transactions and other transactions between entities under common control 478 478 - Effect of change in equity of associated companies 386 386 - Unrealized holding gain from available-for-sale securities 42 42 - Translation adjustment 271 271 - Difference due to acquisition of non-controlling interest in subsidiaries 508 508 - Other reserves 49 33 82 Retained earnings 52,777 4,205 48,572 Total equity attributable to owners of the parent company 51,541 4,841 46,700 Non-controlling interests 15,437 122 15,315 TOTAL EQUITY 66,978 4,963 62,015 TOTAL LIABILITIES AND EQUITY 111,369 1,158 110,211