ADVANCES AND OTHER NON-CURRENT ASSETS

PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2010 AUDITED AND SEPTEMBER 30, 2011 UNAUDITED AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2010 AND 2011 UNAUDITED Figures in tables are presented in millions of Rupiah, unless otherwise stated 60 14. ESCROW ACCOUNTS Escrow accounts as of December 31, 2010 and September 30, 2011 consist of the following: December 31, September 30, 2010 2011 Bank Mandiri 41,552 40,604 Others each below Rp.1 billion 110 110 41,662 40,714 The escrow account with Bank Mandiri were established in relation with the Palapa Ring Consortium Construction and Maintenance Agreement “CMA” as an initial deposit 5 of the commitment value Note 48c.ii. Refer to Note 44 for details of related party transactions. 15. TRADE PAYABLES December 31, September 30, 2010 2011 Related parties Radio frequency usage charges, Concession fees and Universal Service Obligation charges 393,686 335,447 Purchases of equipment, materials and services 556,433 284,709 Payables to other telecommunications providers 203,755 54,190 Sub-total 1,153,874 674,346 Third parties Purchases of equipment, materials and services 6,269,253 6,950,347 Payables to other telecommunications providers 87,668 66,821 Sub-total 6,356,921 7,017,168 Total 7,510,795 7,691,514 Trade payables by currency are as follows: December 31, September 30, 2010 2011 Rupiah 4,378,075 4,089,183 U.S. Dollars 3,126,144 3,583,592 Euro 2,128 16,315 Malaysian Ringgit 1,624 1,543 Singapore Dollars 1,645 591 Others 1,179 290 Total 7,510,795 7,691,514 Refer to Note 44 for details of related party transactions. PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2010 AUDITED AND SEPTEMBER 30, 2011 UNAUDITED AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2010 AND 2011 UNAUDITED Figures in tables are presented in millions of Rupiah, unless otherwise stated 61

16. ACCRUED EXPENSES December 31, September 30,

2010 2011 Operations, maintenance and telecommunications services 1,773,794 2,422,450 Salaries and benefits 894,733 749,605 General, administrative and marketing 514,367 743,493 Early retirement program - 628,947 Interest and bank charges 226,366 193,120 Total 3,409,260 4,737,615 Accruals for early retirement program 2011 arose from the Decision of HCGA Director No. SK.42PS940COP-B00000002011 on determination of 2011 budget year early retirement participant dated September 23, 2011. The Company accrued on the basis of the number of eligible employees by grade and who were expected to enroll. Accrued early retirement benefits as of September 30, 2011, amounted to Rp.628,947 million charged to the consolidated statements of comprehensive income for the nine months period ended September 30, 2011 Note 34. Refer to Note 44 for details of related party transactions.

17. UNEARNED INCOME December 31, September 30,

2010 2011 Prepaid pulse reload vouchers 2,419,099 2,410,631 Other telecommunications services 131,220 138,644 Others 131,164 121,325 Total 2,681,483 2,670,600

18. SHORT-TERM BANK LOANS

December 31, 2010 September 30, 2011 Outstanding Outstanding Original Original currency Rupiah currency Rupiah Lenders Currency in millions equivalent in millions equivalent Bank CIMB Niaga Rp. - 35,359 - 62,980 Bank Danamon Rp. - - - 40,000 Bank Ekonomi Rp. - 16,472 - 17,163 PT Bank Syariah Mandiri “BSM” Rp. - 4,000 - 7,000 Total 55,831 127,143 Refer to Note 44 for details of related party transactions.