BUSINESS COMBINATIONS a. Acquisitions

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2014 and for the Six Months Period Then Ended unaudited Figures in tables are expressedin billions of rupiah, unless otherwise stated 41 June 30, 2014 December 31, 2013 Time deposits Related parties Rupiah BNI 3,948 1,975 BRI 1,973 2,445 Bank Mandiri 1,353 1,271 BTN 508 375 PT Bank Syariah Mandiri ”BSM” 51 50 7,833 6,116 Foreign currencies BRI 2,236 3,260 BNI 833 264 3,069 3,524 Sub-total 10,902 9,640 Third parties Rupiah PT Bank CIMB Niaga Tbk “Bank CIMB Niaga” 935 83 SCB 450 - PT Bank Central Asia Tbk “BCA” 412 599 PT Bank Mega Tbk “Bank Mega” 343 275 PT Bank Muamalat Indonesia Tbk “Bank Muamalat” 145 150 PT Bank Bukopin Tbk “Bak Bukopin” 75 65 DB 68 6 PT Bank Internasional Indonesia Tbk “BII” 60 126 Bank Pembangunan Daerah Jawa Barat 45 245 Bank Tabungan Pensiun Negara Tbk “BTPN” 36 136 PT Bank Panin Tbk - 70 Bank Yudha Bhakti - 145 Bank Ekonomi Raharja “Bank Ekonomi” - 73 Others each below Rp50 billion 11 96 2,580 2,069 Foreign currencies PT Bank OCBC NISP Tbk “OCBC NISP” 658 244 658 244 Sub-total 3,238 2,313 Total time deposits 14,140 11,953 Grand Total 16,828 14,696 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2014 and for the Six Months Period Then Ended unaudited Figures in tables are expressedin billions of rupiah, unless otherwise stated 42

4. CASH AND CASH EQUIVALENTS continued

Interest rates per annum on time deposits are as follows: June 30, 2014 December 31, 2013 Rupiah 2.47 - 11.50 1.60 - 10.50 Foreign currencies 0.03 - 2.75 1.00 - 1.10 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 June 30,

December 31, 2014 2013 Time deposits Related parties Mandiri 104 - BRI - 1,000 Others - 19 Sub-total 104 1,019 Third parties SCB - 1,859 Bank CIMB Niaga - 1,800 OCBC NISP - 1,600 Others 18 10 Sub-total 18 5,269 Total time deposits 122 6,288 Available-for-sale financial assets Related parties Government 131 133 State-owned enterprises 74 74 Sub-total 205 207 Third parties 67 65 Total available-for-sale financial assets 272 272 Derivative asset - Put Option 297 297 Others 16 15 Total 707 6,872 As of June 30, 2014 and December 31, 2013, time deposits denominated in foreign currency amounted to Rp91 billion and Rp59 billion, respectively. The time deposits have maturities of more than three months but not more than one year, with interest rates as follows: June 30, December 31, 2014 2013 Rupiah 0.78 - 11.50 1.60 -10.50 Foreign currency 0.53 - 1.10 1.00-1.10 Refer to Note 37 for details of related party transactions.

6. TRADE RECEIVABLES