UNEARNED INCOME March 31, Disposal of Indonusa

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of March 31, 2014 and for three months period then ended unaudited Figures in tables are expressed in billions of rupiah, unless otherwise stated 57

18. CURRENT MATURITIES OF LONG-TERM LIABILITIES

a. Current maturities March 31, December 31, Notes 2014 2013 Bank loans 21 3,274 3,956 Obligations under finance leases 11 619 648 Bonds and notes 20 232 276 Two-step loans 19 206 213 Total 4,330 5,093 Refer to Note 37 for details of related party transactions. b. Long-term portion Scheduled principal payments as of March 31, 2014 are as follows: Year Notes Total 2015 2016 2017 2018 Thereafter Bank loans 21 5,928 2,570 1,110 756 563 929 Bonds and notes 20 3,061 1,025 41 - - 1,995 Two-step loans 19 1,614 181 211 213 189 820 Obligations under finance leases 11 4,228 400 540 561 551 2,176 Total 14,831 4,176 1,902 1,530 1,303 5,920 19. TWO-STEP LOANS Two-step loans are unsecured loans obtained by the Government which are then re-loaned to the Company. The loans entered into up to July 1994 were recorded and payable in rupiah based on the exchange rate at the date of drawdown. Loans entered into after July 1994 are payable in their original currencies and any resulting foreign exchange gain or loss is borne by the Company. March 31, 2014 December 31, 2013 Outstanding Outstanding Original Original currency Rupiah currency Rupiah Lenders Currency in millions equivalent in millions equivalent Overseas banks Yen 8,447 940 8,447 979 US 33 375 35 429 Rp - 505 - 507 Total 1,820 1,915 Current maturities Note 18a 206 213 Long-term portion Note 18b 1,614 1,702 Interest Interest Payment payment rate Lenders Currency schedule period per annum Overseas banks US Semi-annually Semi-annually 4.00 Rp Semi-annually Semi-annually 6.79 Yen Semi-annually Semi-annually 3.10 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of March 31, 2014 and for three months period then ended unaudited Figures in tables are expressed in billions of rupiah, unless otherwise stated 58

19. TWO-STEP LOANS continued

The loans are intended for the development of telecommunications infrastructure and supporting telecommunication equipment. The loans are payable in semi-annual installments and are due on various dates through 2024. Since 2008, the Company has used all facilities under the two-step loans program and the drawdown period for the two-step loans has expired. The Company is required to maintain financial ratios as follows: a. Projected net revenue to projected debt service ratio should exceed 1.2:1 for the two-step loans originating from the Asian Development Bank “ADB”. b. Internal financing earnings before depreciation and finance costs should exceed 20 compared to annual average capital expenditures for loans originating from the ADB. As of March 31, 2014, the Company complied with the above-mentioned ratios. Refer to Note 37 for details of related party transactions. 20. BONDS AND NOTES March 31, 2014 December 31, 2013 Outstanding Outstanding Original Original currency Rupiah currency Rupiah Bonds and notes Currency in millions equivalent in millions equivalent Bonds Series A Rp - 1,005 - 1,005 Series B Rp - 1,995 - 1,995 Promissory Notes PT Huawei US 14 163 18 213 PT ZTE Indonesia “ZTE” US 11 129 11 136 Total 3,292 3,349 Current maturities Note 18a 232 276 Long-term portion Note 18b 3,061 3,073 a. Bonds Interest Interest Listed Issuance Maturity payment rate Bonds Principal Issuer on date date period per annum Series A 1,005 The Company IDX June 25, 2010 July 6, 2015 Quarterly 9.60 Series B 1,995 The Company IDX June 25, 2010 July 6, 2020 Quarterly 10.20 Total 3,000