UNEARNED INCOME FS TLKM 9M 241013 English1

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF SEPTEMBER 30, 2013 UNAUDITED AND FOR NINE MONTHS PERIOD ENDED WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2012 AUDITED AND FOR NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2012 UNAUDITED Figures in tables are presented in billions of Rupiah, unless otherwise stated 59

18. CURRENT MATURITIES OF LONG-TERM LIABILITIES continued

b. Long-term portion Scheduled principal payments as of September 30, 2013 are as follows: Year Notes Total 2014 2015 2016 2017 Thereafter Bank loans 21 6,312 1,610 2,772 1,006 576 348 Bonds and notes 20 3,108 64 1,041 8 - 1,995 Two-step loans 19 1,782 79 215 218 219 1,051 Obligations under finance leases 11 3,625 153 452 446 463 2,111 Total 14,827 1,906 4,480 1,678 1,258 5,505 19. TWO-STEP LOANS Two-step loans are unsecured loans obtained by the Government which are then re-loaned to the Company. The loans entered into up to July 1994 were recorded and payable in Rupiah based on the exchange rate at the date of drawdown. Loans entered into after July 1994 are payable in their original currencies and any resulting foreign exchange gain or loss is borne by the Company. September 30, 2013 December 31, 2012 Outstanding Outstanding Original Original currency Rupiah currency Rupiah Lenders Currency in millions equivalent in millions equivalent Overseas banks Yen 8,831 1,046 9,215 1,031 US 35 408 - 574 Rp 539 40 382 Total 1,993 1,987 Current maturities Note 18a 211 196 Long-term portion Note 18b 1,782 1,791 Interest Interest Payment payment rate Lenders Currency schedule period per annum Overseas banks US Semi-annually Semi-annually 4.00 Rp Semi-annually Semi-annually 9.81 Yen Semi-annually Semi-annually 3.10 The loans are intended for the development of telecommunications infrastructure and supporting telecommunication equipment. The loans are payable in semi-annual installments and are due on various dates through 2024. PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF SEPTEMBER 30, 2013 UNAUDITED AND FOR NINE MONTHS PERIOD ENDED WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2012 AUDITED AND FOR NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2012 UNAUDITED Figures in tables are presented in billions of Rupiah, unless otherwise stated 60

19. TWO-STEP LOANS continued

Since 2008, the Company has used all facilities under the two-step loans program and the drawdown period for the two-step loans has expired. The Company is required to maintain financial ratios as follows: a. Projected net revenue to projected debt service ratio should exceed 1.2:1 for the two-step loans originating from Asian Development Bank “ADB”. b. Internal financing earnings before depreciation and finance costs should exceed 20 compared to annual average capital expenditures for loans originating from ADB. As of September 30, 2013, the Company complied with the above mentioned ratios. Refer to Note 37 for details of related party transactions. 20. BONDS AND NOTES September 30, 2013 December 31, 2012 Outstanding Outstanding Original Original currency Rupiah currency Rupiah Bonds and notes Currency in millions equivalent in millions equivalent Bonds Series A Rp - 1,005 - 1,005 Series B Rp - 1,995 - 1,995 Medium Term Notes “MTN” PT Finnet Indonesia “Finnet” Rp - - 8 Promissory Notes PT Huawei US 25 289 46 445 PT ZTE Indonesia “ZTE” US 15 172 22 216 Total 3,461 3,669 Current maturities Note 18a 353 440 Long-term portion Note 18b 3,108 3,229 a. Bonds Interest Interest Listed Issuance Maturity payment rate Bonds Principal Issuer on date date period per annum Series A 1,005 The Company IDX June 25, 2010 July 6, 2015 Quarterly 9.60 Series B 1,995 The Company IDX June 25, 2010 July 6, 2020 Quarterly 10.20 Total 3,000 The bonds are secured by all of the Company’s assets, movable or non-movable, either existing or in the future Note 11c.x. The underwriters of the bonds are Bahana, PT Danareksa Sekuritas and PT Mandiri Sekuritas and the trustee is PT CIMB Niaga Tbk. The Company received the proceeds of the issuance of bonds on July 6, 2010.