TRADE RECEIVABLES continued FS YE Audited 2014 English

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2014 and for the Year Then Ended Figures in tables are expressedin billions of Rupiah, unless otherwise stated 51

10. LONG-TERM INVESTMENTS continued

a Tiphone was established on June 25, 2008 as Tiphone Mobile Indonesia Tbk. The main activity of Company is engaged in telecommunication equipment businesses, such as celullar phone including the spare parts, accessories, pulse reload vouchers, repair service and content provider through its subsidiaries. On September 18, 2014, the Company through PINS acquired 25 ownerships in Tiphone amounted to Rp1,395 billion Note 1d. Reconciliation of financial information to the carrying amount of long-term investment in Tiphone: Amount Assets 5,017 Liabilities 2,518 Net assets 2,499 Net assets, excluding goodwill Rp203 billion 2,296 Group’s proportionate shares of net assets 24.92 572 Intangible assets 231 Deferred tax liabilities 58 Goodwill 647 Carrying amount of long-term investment 1,392 b Indonusa had been the Company’s subsidiary until 2013 when the Company disposed 80 of its interest in Indonusa Note 3. c Teltranet is recorded in equity method based on agreement between Metra and Telstra Holding Singapore Pte. Ltd. on August 29, 2014. Teltranet is enganged in communication system services Note 1d. Metra does not have control in determining financial and operating policies of Teltranet. d Melon is engaged in providing Digital Content Exchange Hub services “DCEH”. Metra does not have control over Melon as a result of the existence of substantive participating rights held by the other venturer over the significant financial and operating policies of Melon. e ILCS is engaged in providing E-trade logistic services and other related services. f Telin Malaysia is engaged in telecommunication services in Malaysia. g CSM is engaged in providing Very Small Aperture Terminal “VSAT”, network application services and consulting services on telecommunications technology and related facilities. The unrecognized share of losses of CSM for the years ended December 31, 2014 and 2013 are Rp131 billion and Rp80 billion, respectively. h PSN is engaged in providing satellite transponder leasing and satellite-based communication services in the Asia-Pacific Region. The Company’s share in losses of PSN has exceeded the carrying amount of its investment since 2001; accordingly, the investment value has been reduced to Rp nil. The unrecognized share of losses of PSN for the years ended December 31, 2014 and 2013 are Rp297 billion and Rp298 billion, respectively. i Patrakom is engaged in providing satellite communication system services, related services and facilities to companies in the petroleum industry. Since 2013, Patrakom has been consolidated Notes 1d and 3. j Scicom is engaged in providing call center services in Malaysia. On September 19, 2013, the Company sold its investment in Scicom MSC Berhad-Malaysia Scicom, with the proceeds of disposal and the carrying amount of the investment on the date of disposal amounting to Rp153 billion and Rp88 billion, respectively, resulting in a gain of Rp65 billion. PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2014 and for the Year Then Ended Figures in tables are expressedin billions of Rupiah, unless otherwise stated 52

11. PROPERTY AND EQUIPMENT

Januari 1, Business Reclassifications December 31, 2014 acquisition Additions Deductions Translations 2014 At cost: Directly acquired assets Land rights 1,098 - 107 21 - 1,184 Buildings 4,224 - 131 19 235 4,571 Leasehold improvements 812 - 49 52 134 943 Switching equipment 18,705 - 331 496 668 19,208 Telegraph, telex and data communication equipment 6 - - - - 6 Transmission installation and equipment 95,853 - 2,298 1,235 10,657 107,573 Satellite, earth station and equipment 7,456 - 312 21 180 7,927 Cable network 28,987 - 3,025 250 1,352 33,114 Power supply 11,755 - 225 78 874 12,776 Data processing equipment 9,230 - 684 53 381 10,242 Other telecommunications peripherals 500 - 102 - 602 Office equipment 770 4 191 5 9 951 Vehicles 332 2 18 6 346 Other equipment 104 - - - 5 99 Property under construction 1,971 - 16,660 15 14,763 3,853 Assets under finance lease Transmission installation and equipment 5,683 - 495 296 - 5,882 Data processing equipment 123 - - 21 - 102 Office equipment 7 - 15 1 - 21 Vehicles 26 - 18 - 44 CPE assets 22 - - - - 22 RSA assets 459 - - - 207 252 Total 188,123 6 24,661 2,569 503 209,718 January 1, Reclassifications December 31, 2014 Additions Impairments Deductions Translations 2014 Accumulated depreciation and impairment losses: Directly acquired assets Buildings 1,840 135 - 16 5 1,954 Leasehold improvements 649 71 - 52 1 669 Switching equipment 12,903 1,549 - 496 95 13,861 Telegraph, telex and data communication equipment 3 1 - - - 4 Transmission installation and equipment 46,666 9,084 406 1,161 231 54,764 Satellite, earth station and equipment 5,190 577 332 - 6,099 Cable network 17,758 1,101 67 249 85 18,762 Power supply 6,794 1,246 - 62 7,978 Data processing equipment 6,822 869 - 57 10 7,624 Other telecommunications peripherals 267 55 - - 322 Office equipment 564 109 - 5 9 659 Vehicles 68 46 - 2 1 113 Other equipment 100 2 - - 5 97 Assets under finance lease Transmission installation and equipment 1,345 632 - 296 - 1,681 Data processing equipment 83 17 - 21 - 79 Office equipment 2 3 - 1 2 6 Vehicles 1 4 - - - 5 CPE asets 13 2 - - - 15 RSA assets 294 130 - - 207 217 Total 101,362 15,633 805 2,418 473 114,909 Net Book Value 86,761 94,809