Financial assets and liabilities

PT XL AXIATA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2007, 2008 AND 2009; AND 31 MARCH 2009 AND 2010 Expressed in millions of Rupiah, unless otherwise stated Page 23

3. CORRECTION OF THE CONSOLIDATED FINANCIAL STATEMENTS AS AT AND FOR THE

THREE-MONTH PERIOD ENDED 31 MARCH 2009 The consolidated financial statements as at and for the three-month period ended 31 March 2009 were restated to reflect the adjustments to the accounting for the finance lease transactions. Due to misinterpretation of facts, gain on finance lease transactions for the three-month period ended 31 March 2009 was understated by Rp 115 billion. This misinterpretation had the effect of understating and overstating of the following line items in the consolidated financial statements as at and for the three-month period ended 31 March 2009. 31032009 Before After Restatement Restatement Difference Consolidated balance sheets Other assets - current 80,279 105,552 25,273 Other assets - non current 1,733,576 1,826,766 93,190 Deferred tax liabilities 454,545 484,161 29,616 Consolidated statements of income Gain on finance lease transaction 333,149 448,475 115,326 Other expensesincome 46,623 49,760 3,137 Income tax expensebenefit 99,084 69,468 29,616 Net incomeloss 306,068 217,221 88,847 Earningloss per share Basic 43 31 12 Diluted 43 31 12

4. CASH AND CASH EQUIVALENTS

31122007 31122008 31122009 31032009 3103 2010 Cash on hand 1,463 1,583 1,434 1,468 1,185 Cash in bank Rupiah - PT Bank Permata Tbk 927 3,331 3,834 50,752 276,467 - Standard Chartered Bank - 30 4,049 - 173,059 - PT Bank Central Asia Tbk 28,979 18,837 12,068 13,710 32,481 - J .P.Morgan Chase Bank, N.A. 46,541 28,684 12,559 21,942 21,960 - Deutsche Bank AG 5,038 3,177 5,297 224,034 19,145 - PT Bank Mandiri Persero Tbk 4,764 1,832 3,625 1,315 2,836 - PT Bank Negara Indonesia Persero Tbk 4,853 1,603 1,800 616 1,639 - PT Bank Bukopin Tbk 539 1,411 189 4,009 291 - Others individual amount less than Rp 3,000 6,516 3,700 1,779 3,599 3,880 US Dollar - J .P.Morgan Chase Bank, N.A. 7,458 3,033 18,045 70,344 40,139 - Standard Chartered Bank 54 74 57,277 53 139 - PT Bank Mandiri Persero Tbk - - 9 - 9 105,669 65,712 120,531 390,374 572,045 Time deposits maturing within three months Rupiah - PT Bank UOB Indonesia 100,000 - 100,000 - 400,000 - PT Bank OCBC NISP Tbk formerly PT Bank NISP Tbk - - - 200,000 - - Deutsche Bank AG 67,000 53,000 50,000 - - - PT Bank DBS Indonesia 180,000 - - - - - PT Bank Central Asia Tbk - 113,908 - - - PT XL AXIATA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2007, 2008 AND 2009; AND 31 MARCH 2009 AND 2010 Expressed in millions of Rupiah, unless otherwise stated Page 24

4. CASH AND CASH EQUIVALENTS continued

31122007 31122008 31122009 31032009 31032010 Time deposits maturing within three months continued Rupiah continued - PT ANZ Panin Bank - 60,000 - - - - PT Bank CIMB Niaga Tbk formerly PT Bank Niaga Tbk 90,000 - - - - - PT Bank Mega Tbk 45,000 - 100,000 - - - US Dollar - PT Bank Permata Tbk - 109,500 94,000 - 410,175 - PT Bank Mega Tbk - 109,500 - - - - PT Bank Chinatrust Indonesia - 219,000 - - - - PT Bank CIMB Niaga Tbk formerly PT Bank Niaga Tbk - 109,500 94,000 - - PT ANZ Panin Bank - 109,500 - - - - PT Bank Danamon Indonesia Tbk - 109,500 94,000 - - - PT Bank DBS Indonesia 122,447 54,750 - - - - Standard Chartered Bank - 54,750 - - - - PT Bank OCBC NISP Tbk formerly PT Bank NISP Tbk 94,190 - 94,000 - - 698,637 1,102,908 626,000 200,000 810,175 805,769 1,170,203 747,965 591,842 1,383,405 The annual interest rates of the above time deposits are as follows: 31122007 31122008 31122009 31032009 31032010 Rupiah deposit 7.30-9.75 7.00-13.60 4.75-8.00 7,50-13,25 7,25 US Dollar deposit 5.15-5.60 1.00-7.00 1.15-3.50 1,00-7,00 2,13-2,19 Refer to Note 26 for related party information.

5. TRADE RECEIVABLES - THIRD PARTIES

31122007 31122008 31122009 31032009 3103 2010 Domestic partners - PT Hutchison CP Telecommunications 101 6,299 10,361 1,402 144,838 - PT Bakrie Telecom Tbk 1,873 5,450 17,668 62,501 107,997 - PT Mora Telematika Indonesia 46,326 80,301 50,938 78,736 62,046 - PT Indosat Tbk 2,396 2,730 18,877 1,243 32,709 - PT Telekomunikasi Indonesia Tbk 4,992 12,217 28,343 12,997 30,181 - PT Natrindo Telepon Seluler 76 13,854 11,361 4,141 23,729 - PT Sampoerna Telekomunikasi Indonesia 18 24,175 1,994 18,133 19,995 - PT Nettocyber Indonesia 10,098 4,513 3,519 3,953 3,279 - PT Insan Sarana Telematika 35 3,085 3,456 881 1,459 - PT Indo Pratama Teleglobal 5,535 720 710 1,549 1,318 - Others individual amount less than Rp 3,000 268,079 234,399 184,832 247,207 186,957 339,529 387,743 332,059 432,743 614,508 International partners - Shinetown Telecommunications Ltd. 6,792 13,520 9,764 13,092 4,687 - Digi Telecommunications Sdn Bhd 227 3,463 - 3,960 - - Telstra Corporation Ltd. - Australia 6,040 558 5,670 1,089 -