Disposal of Indonusa BUSINESS COMBINATIONS continued a. Acquisitions continued

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of September 30, 2014 and for the Nine months Period Then Ended unaudited Figures in tables are expressed in billions of rupiah, unless otherwise stated 45

4. CASH AND CASH EQUIVALENTS continued

The related parties in which the Company and subsidiaries place their funds are state-owned banks. The Company and subsidiaries placed a majority of their cash and cash equivalents in these banks because they have the most extensive branch networks in Indonesia and are considered to be financially sound banks, as they are owned by the State. Refer to Note 37 for details of related party transactions.

5. OTHER CURRENT FINANCIAL ASSETS September 30, December 31,

2014 2013 Time deposits Related parties Mandiri 83 - BRI - 1,000 Others - 19 Sub-total 83 1,019 Third parties SCB - 1,859 Bank CIMB Niaga - 1,800 OCBC NISP - 1,600 Others 10 10 Sub-total 10 5,269 Total time deposits 93 6,288 Available-for-sale financial assets Related parties Government 131 133 State-owned enterprises 75 74 Sub-total 206 207 Third parties 67 65 Total available-for-sale financial assets 273 272 Escrow account 897 - Derivative asset - Put Option 297 297 Others 24 15 Total 1,584 6,872 As of September 30, 2014 and December 31, 2013, time deposit denominated in foreign currency amounted to Rp93 billion and Rp59 billion, respectively. Escrow account represents Telkomsel’s account in BNI for transfer frequency usage from the Company to Telkomsel Notes 1.d, 41.c ii and 47. The time deposits have maturities of more than three months but not more than one year, with interest rates as follows: September 30, December 31, 2014 2013 Rupiah - 1.60 -10.50 Foreign currency 0.53 - 1.10 1.00-1.10 Refer to Note 37 for details of related party transactions. PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of September 30, 2014 and for the Nine months Period Then Ended unaudited Figures in tables are expressed in billions of rupiah, unless otherwise stated 46

6. TRADE RECEIVABLES

Trade receivables arise from services provided to both retail and non-retail customers, with details as follows: a. By debtor i Related parties September 30, December 31, 2014 2013 State-owned enterprises 645 877 PT Indosat Tbk “Indosat” 194 48 Indonusa 192 180 CSM 57 45 Others 99 241 Total 1,187 1,391 Provision for impairment of receivables 371 491 Net 816 900 ii Third parties September 30, December 31, 2014 2013 Individual and business subscribers 9,129 7,010 Overseas international carriers 641 497 Total 9,770 7,507 Provision for impairment of receivables 2,870 2,381 Net 6,900 5,126 Trade receivables from certain parties are presented net of the Company and subsidiaries’ liabilities to such parties due to the existence of a legal right of set-off in accordance with the agreements with those parties. b. By age i Related parties September 30, December 31, 2014 2013 Up to 6 months 509 836 7 to 12 months 248 223 More than 12 months 430 332 Total 1,187 1,391 Provision for impairment of receivables 371 491 Net 816 900