FINANCIAL ASSETS AND LIABILITIES continued

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 136

53. RECENT ACCOUNTING PRONOUNCEMENTS IN INDONESIA continued

iv PSAK 60, “Financial Instruments: Disclosures”. In May 2010, the DSAK issued PSAK 60, “Financial Instruments: Disclosures” which amends PSAK 50 Revised 2006, “Financial Instruments: Presentation and Disclosures”. The objective of this IFRS is to require entities to provide disclosures in their financial statements that enable users to evaluate: a the significance of financial instruments for the entitys financial position and performance; and b the nature and extent of risks arising from financial instruments to which the entity is exposed during the period and at the end of the reporting period, and how the entity manages those risks. PSAK 60 shall be effective for the reporting period beginning on or after January 1, 2012 and prospectively applied. Early application is encouraged. The company and its subsidiaries are currently assessing the impact of the requirement of PSAK 60, “Financial Instruments: Disclosures” on the consolidated financial statements. v PSAK 56 Revised 2010, “Earnings per Share”. In April 2011, the DSAK issued PSAK 56 Revised 2010, “Earnings per Share” which amends PSAK 56 1999, “Earnings per Share”. The objective of this Standard is to prescribe principles for the determination and presentation of earnings per share, so as to improve performance comparisons between different entities in the same reporting period and between different reporting periods for the same entity. PSAK 56 Revised 2010 shall be effective for the reporting period beginning on or after January 1, 2012. The company and its subsidiaries are currently assessing the impact of the requirement of PSAK 56 Revised 2010, “Earnings per Share” on the consolidated financial statements. vi ISAK 15, ”PSAK 24 - The Limit on a Defined Benefit Asset”. In April 2010, the DSAK issued ISAK 15, ”PSAK 24 - The Limit on a Defined Benefit Asset”. This Interpretation applies to all post-employment defined benefits and other long-term employee defined benefits. ISAK 15 shall be effective for the reporting period beginning on or after January 1, 2012. Early application is prohibited. The company and its subsidiaries are currently assessing the impact of the requirement of ISAK 15, ”PSAK 24 - The Limit on a Defined Benefit Asset” on the consolidated financial statements. vii ISAK 20, “Income Taxes - Changes in the Tax Status of an Entity or its Shareholders”. In August 2010, the DSAK issued ISAK 20, “Income Taxes - Changes in the Tax Status of an Entity or its Shareholders”. A change in the tax status of an entity or of its shareholders may have consequences for an entity by increasing or decreasing its tax liabilities or assets. This may, for example, occur upon the public listing of an entitys equity instruments or upon the restructuring of an entitys equity. It may also occur upon a controlling shareholders move to a foreign country. As a result of such an event, an entity may be taxed differently; it may for example gain or lose tax incentives or become subject to a different rate of tax in the future. ISAK 20 shall be effective for the reporting period beginning on or after January 1, 2012. Early application is encouraged. The company and its subsidiaries are currently assessing the impact of the requirement of ISAK 20, “Income Taxes - Changes in the Tax Status of an Entity or its Shareholders” on the consolidated financial statements.