Risks Related to Our Fixed Telecommunication Business

Outstanding Balance as of December 31, 2014 Expected Maturity Date Fair value Original Currency million Rp Equiv. Rp million Rate 2015 2016 2017 2018 2019 Thereafter Rp million ASSETS Fixed Rate Cash and Cash Equivalents Time deposit Rupiah 11,531,450 11,531,450 4 - 11.5 11,531,450 - - - - - 11,531,450 U.S Dollar 279 3,460,434 0.03 - 3 3,460,434 - - - - - 3,460,434 Other Current Financial Assets Time deposit U.S Dollar 9 110,472 0.85 - 1.00 110,472 - - - - - 110,472 Available-for-sale-securities Rupiah 120,360 120,360 6.88 - 7.25 120,360 - - - - - 120,360 U.S Dollar 7 82,135 10.40 - 11.8 82,135 - - - - - 82,135 LIABILITIES Short-term Bank Loans Variable Rate Rupiah Principal 480,983 480,983 480,983 - - - - - 480,983 Interest U.S. Dollar Principal 100 1,244,000 1,244,000 - - - - - 1,244,000 Interest Fixed Rate Rupiah Principal 85,000 85,000 85,000 - - - - - 85,000 Interest Long Term Liabilities 1 Variable Rate Rupiah Principal 10,921,317 10,921,317 3,751,311 2,281,449 1,962,849 1,759,891 610,134 555,683 10,770,905 Interest 2,316,162 2,316,162 8 - 15 905,120 624,331 413,806 236,611 85,450 50,843 US Dollar Principal 56 692,552 299,676 219,813 127,168 30,407 15,488 - 687,484 Interest 1 13,495 1.14 - 6 6,441 4,382 1,946 604 122 - Fixed Rate based on the average three month deposit rate offered by the lenders; iii fixed interest rates on US Dollar deposits are based on average interest rates offered for three month placements by the various lending institutions where such deposits are located as of December 31, 2014 and iv the value of marketable securities is based on the value of such securities on December 31, 2014. However, these assumptions may change in the future. These assumptions are different from the rates used in our Consolidated Financial Statements; accordingly, amounts shown in the table may differ from the amounts shown in our Consolidated Financial Statements. 258 2014 Annual Report PT Telkom Indonesia Tbk Persero FINANCIAL AND PERF ORMANCE HIGHLIGHT MANA GEMENT REPOR T PREF A GENERAL INF ORMA TION OF TELK OM INDONE SIA MANA GEMENT’S DISCUSSION AND ANAL Y SIS CORPORA TE GO VERNANCE SOCIAL AND ENVIRONMENT AL RE SPONSIBILITY APPENDICE S