Property and LONG-TERM LOANS AND OTHER BORROWINGS continued

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2017 and For the Six Months Period Then Ended unaudited Figures in tables are expressed in billions of Rupiah, unless otherwise stated 60

17. NON-CONTROLLING INTERESTS continued

Material partly-owned subsidiary As of June 30, 2017 and December 31, 2016, the non-controlling interest holds 35 ownership interest in Telkomsel which is considered material to the company Note 1d. The summarized financial information of Telkomsel below is provided based on amounts before elimination of inter-company balances and transactions. Summarized statements of financial position June 30, 2017 December 31, 2016 Current assets 21,042 28,818 Non-current assets 59,850 60,963 Current liabilities 23,385 21,891 Non-current liabilities 9,376 8,520 Total equity 48,131 59,370 Attributable to: Equity holders of parent company 31,287 38,592 Non-controlling interest 16,844 20,778 Summarized statements of profit or loss and other comprehensive income 2017 2016 Revenues 45,988 41,091 Operating expenses 25,525 23,249 Other income 219 103 Profit before income tax 20,682 17,945 Income tax expense - net 5,135 4,393 Profit for the year from continuing operations 15,547 13,552 Other comprehensive income expenses - net - - Net comprehensive income for the year 15,547 13,552 Attributable to non-controlling interest 5,441 4,743 Dividend paid to non-controlling interest 9,374 7,036 Summarized statements of cash flows 2017 2016 Operating activities 22,379 22,844 Investing activities 6,392 5,943 Financing activities 25,195 21,149 Net increase in cash and cash equivalents 9,208 4,248 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2017 and For the Six Months Period Then Ended unaudited Figures in tables are expressed in billions of Rupiah, unless otherwise stated 61

18. CAPITAL STOCK

June 30, 2017 Description Number of shares Percentage of ownership Total paid-in capital Series A Dwiwarna share Government 1 Series B shares Government 51,602,353,559 52.09 2,580 The Bank of New York Mellon Corporation 6,575,489,480 6.64 329 Commissioners Note 1b: Hendri Saparini 414,157 Dolfie Othniel Fredric Palit Hadiyanto 875,297 Directors Note 1b: Alex Janangkih Sinaga 920,349 Hary M Zen Mas’ud Khamid Herdy Rosadi Harman 828,012 Abdus Somad Arief 828,314 Dian Rachmawan 888,854 Public individually less than 5 40,879,618,557 41.27 2,044 Total 99,062,216,600 100.00 4,953 Treasury stock Note 20 1,737,779,800 87 Total 100,799,996,400 100.00 5,040 December 31, 2016 Description Number of shares Percentage of ownership Total paid-in capital Series A Dwiwarna share Government 1 Series B shares Government 51,602,353,559 52.09 2,580 The Bank of New York Mellon Corporation 7,000,589,980 7.07 350 Commissioners Note 1b: Hendri Saparini 414,157 Dolfie Othniel Fredric Palit 372,741 Hadiyanto 875,297 Directors Note 1b: Alex Janangkih Sinaga 920,349 Indra Utoyo 1,972,644 Honesti Basyir 1,945,644 Herdy Rosadi Harman 828,012 Abdus Somad Arief 828,314 Dian Rachmawan 888,854 Public individually less than 5 40,450,227,048 40.84 2,023 Total 99,062,216,600 100.00 4,953 Treasury stock Note 20 1,737,779,800 87 Total 100,799,996,400 100.00 5,040 The Bank of New York Mellon Corporation serves as the Depositary of the registered ADS holders for the Company’s ADSs. The Company issued only 1 Series A Dwiwarna share which is held by the Government and can not be transferred to any party, and has a veto in the General Meeting of Stockholders of the Company with respect to election and removal from the Boards of Commissioners and Directors, issuance of new shares, and amendments of the Company’s Articles of Association.