CAPITAL STOCK 2014 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 76

26. REVENUES continued

The details of net revenues received by the Group from agency relationships for the years ended December 31, 2014 and 2013 are as follows: 2014 2013 Gross revenues 23,920 19,557 Compensation to value added service providers 370 290 Net revenues 23,550 19,267 Refer to Note 37 for details of related party transactions.

27. PERSONNEL EXPENSES

2014 2013 Salaries and related benefits 3,759 3,553 Vacation pay, incentives and other benefits 3,182 3,252 Employees’ income tax 1,317 1,160 Net periodic pension costs Note 34 645 873 Housing 224 220 LSA expenses Note 35 115 19 Other employee benefit 108 71 Insurance 98 92 Net periodic post-retirement health care benefit costs Note 36 74 374 Other post-retirement benefit costs Note 34 61 66 Others 33 53 Total 9,616 9,733 Refer to Note 37 for details of related party transactions.

28. OPERATIONS, MAINTENANCE AND TELECOMMUNICATION SERVICE EXPENSES 2014

2013 Operations and maintenance 12,583 10,667 Radio frequency usage charges Notes 41c.i and 41c.ii 3,207 3,098 Concession fees and Universal Service Obligation charges 1,818 1,595 Electricity, gas and water 1,180 1,063 Cost of phone, set top box, SIM and RUIM cards 1,031 752 Leased lines and CPE 758 440 Vehicles rental and supporting facilities 581 439 Cost of IT services 357 677 Insurance 335 374 Project management 180 138 Others each below Rp75 billion 258 89 Total 22,288 19,332 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 December 31, 2014 and for the Year Then Ended Figures in tables are expressedin billions of Rupiah, unless otherwise stated 77

29. GENERAL AND ADMINISTRATIVE EXPENSES 2014

2013 General expenses 967 675 Provision for impairment of receivables Note 6d 784 1,589 Training, education and recruitment 528 412 Collection expenses 369 340 Travelling 355 341 Professional fees 266 272 Meetings 162 138 Security and screening 104 93 Social contribution 96 85 Others each below Rp75 billion 332 210 Total 3,963 4,155 Refer to Note 37 for details of related party transactions. 30. INTERCONNECTION EXPENSES 2014 2013 Domestic interconnection and access 3,639 3,720 International interconnection 1,254 1,207 Total 4,893 4,927 Refer to Note 37 for details of related party transactions.

31. TAXATION

a. Claims for tax refund 2014 2013 The Company Value added tax “VAT” 298 142 Corporate income tax 60 - Subsidiaries Corporate income tax 363 38 Value tax added “VAT” 305 306 Import duties - 10 Income tax Article 23 - Withholding tax on service delivery 10 13 Total claims for tax refund 1,036 509 Short-term portion 291 10 Long-term portion 745 499