ACCOUNTS RECLASSIFICATION continued SUMMARY OF SIGNIFICANT DIFFERENCES BETWEEN IFAS AND IFRS continued

114 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2011 AND 2010, AND YEARS ENDED DECEMBER 31, 2011 AND 2010 Figures in tables are presented in billions of Rupiah, unless otherwise stated 115

48. SUMMARY OF SIGNIFICANT DIFFERENCES BETWEEN IFAS AND IFRS continued

DESCRIPTION IFAS RECONCILIATION IFRS CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER 31, 2011 REVENUES 71,253 15 71,238 Other income 665 1 666 EXPENSES Operations, maintenance and telecommunication services 16,372 81 16,453 Depreciation and amortization 14,863 40 14,823 Personnel 8,555 116 8,671 Interconnection 3,555 - 3,555 Marketing 3,278 - 3,278 General and administrative 2,935 - 2,935 Loss on foreign exchange - net 210 - 210 Equity in net loss of associated companies 10 - 10 Other expense 192 - 192 Total Expenses 49,970 157 50,127 PROFIT BEFORE FINANCE COST INCOME 21,948 171 21,777 OTHER EXPENSES INCOME Finance income 546 74 620 Finance costs 1,637 25 1,662 Total Finance Costs - Net 1,091 49 1,042 PROFIT BEFORE INCOME TAX 20,857 122 20,735 INCOME TAX EXPENSE 5,387 2 5,385 PROFIT FOR THE YEAR 15,470 120 15,350 OTHER COMPREHENSIVE EXPENSE INCOME Foreign currency translation - net of tax 7 - 7 Change in fair value of available-for-sale financial assets - net of tax 4 - 4 Defined benefit plan actuarial losses - 1,958 1,958 Total Other Comprehensive Expense Income 11 1,958 1,947 TOTAL COMPREHENSIVE INCOME FOR THE YEAR 15,481 2,078 13,403 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2011 AND 2010, AND YEARS ENDED DECEMBER 31, 2011 AND 2010 Figures in tables are presented in billions of Rupiah, unless otherwise stated 116

48. SUMMARY OF SIGNIFICANT DIFFERENCES BETWEEN IFAS AND IFRS continued

DESCRIPTION IFAS RECONCILIATION IFRS STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER 31, 2011 continued Profit for the year attributable to: Owners of the parent 10,965 117 10,848 Non-controlling interest 4,505 3 4,502 15,470 120 15,350 Total comprehensive income attributable to: Owners of the parent 10,976 2,007 8,969 Non-controlling interest 4,505 71 4,434 15,481 2,078 13,403 BASIC EARNINGS PER SHARE Income per share 559.67 5.97 553.70 Income per ADS 40 series B shares per ADS 22,386.80 238.80 22,148.00 Notes of reconciliation IFAS to IFRS a. Service concession arrangements Prior January 1, 2012, IFAS was silent on how to account for the above arrangement. In these periods, the Company and Telkomsel accounted for this arrangement as an executory contract in its IFAS financial statements. Further, the developed infrastructures assets under this arrangement were accounted for as property, plant and equipment and were depreciated over their estimated useful lives. Under IFRS, the above arrangement is accounted for as a service concession arrangement within the scope of IFRIC 12, Service Concession Arrangements. Under this interpretation, the Company and Telkomsel recognized and measured its revenues from the services it perform under the arrangement in accordance with IAS 11, Construction Contracts for revenues and costs relating to construction and upgrade services and IAS 18, Revenues for revenues and costs relating to operation services. Further, the developed infrastructure assets under this arrangement are not recognized as property, plant and equipment of the operator because the contractual arrangement does not convey the right to control the use of the public service infrastructure assets to the operator. 116 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2011 AND 2010, AND YEARS ENDED DECEMBER 31, 2011 AND 2010 Figures in tables are presented in billions of Rupiah, unless otherwise stated 117

48. SUMMARY OF SIGNIFICANT DIFFERENCES BETWEEN IFAS AND IFRS continued