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 44

4. CASH AND CASH EQUIVALENTS continued September 30, 2014 December 31, 2013

Time deposits Related parties Rupiah BRI 3,575 2,445 BNI 3,143 1,975 Bank Mandiri 1,676 1,271 BTN 20 375 PT Bank Syariah Mandiri ”BSM” 1 50 8,415 6,116 Foreign currencies BRI 1,421 3,260 BNI 301 264 1,722 3,524 Sub-total 10,137 9,640 Third parties Rupiah PT Bank CIMB Niaga Tbk “Bank CIMB Niaga” 1,675 83 PT Bank Mega Tbk “Bank Mega” 597 275 Bank OCBC NISP Tbk. “OCBC NISP” 250 - PT Bank Pembangunan Daerah Jawa Barat dan Banten TBK “BJB” 75 245 PT Bank Muamalat Indonesia Tbk “Bank Muamalat” 61 150 PT Bank Tabungan Pensiun Negara Tbk “BTPN” 16 136 PT Bank Internasional Indonesia Tbk “BII” 10 126 PT Bank Central Asia Tbk “BCA” - 599 PT Bank Yudha Bhakti - 145 Others each below Rp75 billion 85 310 2,769 2,069 Foreign currencies PT Bank OCBC NISP Tbk “OCBC NISP” 1,758 244 Others 61 - 1,819 244 Sub-total 4,588 2,313 Total time deposits 14,725 11,953 Grand Total 17,834 14,696 Interest rates per annum on time deposits are as follows: September 30, 2014 December 31, 2013 Rupiah 2.47 - 11.50 1.00 - 11.50 Foreign currencies 0.03 - 2.75 0.03 - 3.00 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.