OTHER EQUITY RESERVES 2016 REVENUES 2016 REVENUES continued

68 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the Three Months Period Ended March 31, 2016 and 2015 unaudited Figures in tables are expressed in billions of Rupiah, unless otherwise stated Table of Contents

20. TREASURY STOCK continued

Pursuant to the AGM of Stockholders of the Company held on June 11, 2010, the stockholders approved the change in the Company’s plan for treasury stock phase I, II, and III to become i for reissuance inside or outside stock exchange, ii for retirement of the stock by deducting from equity, iii for equity stock conversion and iv for funding purposes. Pursuant to the AGM of Stockholders of the Company held on May 19, 2011, the stockholders approved to execute the repurchase plan for treasury stock phase IV. In 2012, the Company bought back 237,270,500 shares equal to 1,186,352,500 shares after stock split from the public part of stock repurchase program phase IV for Rp1,744 billion. In the AGM on April 19, 2013, the Companys stockholders approved the change to the plan for the treasury stock phase III, which was decided to be used for the implementation of the Employee Stock Ownership Program “ESOP” for the year 2013. On July 30, 2013, the Company resold 211,290,500 shares equal to 1,056,452,500 shares after stock split of treasury stock phase I with fair value amounting to Rp2,368 billion net of related costs to sell the shares. The excess amounting to Rp544 billion in value of the treasury shares sold over their acquisition cost was recorded as additional paid-in capital Note 19. On June 13, 2014, the Company resold 215,000,000 shares equal to 1,075,000,000 shares after stock split of treasury stock phase II with fair value amounting to Rp2,541 billion net of related costs to sell the shares. The excess amounting to Rp576 billion in value of the treasury stock sold over their acquisition cost was recorded as additional paid-in capital Note 19. On December 21, 2015, the Company resold 4,472,600 shares equal to 22,363,000 shares after stock split of treasury stock phase III with fair value amounting to Rp68 billion net of related costs to sell the shares. The excess amounting to Rp36 billion in value of the treasury stock sold over their acquisition cost was recorded as additional paid-in capital Note 19.

21. OTHER EQUITY RESERVES 2016

2015 The difference in equity transaction of associates 386 386 Unrealized gain on available-for-sale securities 40 38 Transalation adjustments 473 543 The difference in acquisition of non controlling ownership interest in subsidiaries 508 508 Other equity components 49 49 Total 440 508 69 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the Three Months Period Ended March 31, 2016 and 2015 unaudited Figures in tables are expressed in billions of Rupiah, unless otherwise stated Table of Contents

22. REVENUES 2016

2015 Telephone revenues Cellular Usage charges 8,818 8,185 Monthly subscription charges 107 113 Features 199 8,925 8,497 Fixed lines Usage charges 1,032 1,199 Monthly subscription charges 822 727 Call center 69 73 Others 22 23 1,945 2,022 Total telephone revenues 10,870 10,519 Interconnection revenues Domestic interconnection 583 674 International interconnection 499 461 Total interconnection revenues 1,082 1,135 Data, internet, and information technology service revenues Celullar internet and data 6,313 4,102 Short Messaging Services “SMS” 3,957 3,429 Internet, data communication and information technology services 3,711 2,925 Pay TV 249 40 Others 28 33 Total data, internet, and information technology service revenues 14,258 10,489 Network revenues Leased lines 110 126 Satellite transponder lease 180 104 Total network revenues 290 230 Other telecommunications revenues Sales of handset 370 403 Tower leases 178 195 Call center service 137 165 CPE and terminal 60 8 Others 297 432 Total other telecommunications revenues 1,042 1,203 Total revenues 27,542 23,616 70 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the Three Months Period Ended March 31, 2016 and 2015 unaudited Figures in tables are expressed in billions of Rupiah, unless otherwise stated Table of Contents

22. REVENUES continued

The details of net revenues received by the Group from agency relationships as of March 31, 2016 and 2015 are as follows: 2016 2015 Gross revenues 3,919 3.033 Compensation to value added service providers 208 108 Net revenues 3,711 2.925 Refer to Note 32 for details of related party transactions.

23. PERSONNEL EXPENSES