Retirement benefits SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2012 AND FOR THE YEAR THEN ENDED WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2011 AND FOR THE YEAR THEN ENDED AND AS OF JANUARY 1, 2011 Figures in tables are presented in billions of Rupiah, unless otherwise stated 37

3. CASH AND CASH EQUIVALENTS continued 2012

2011 Time deposits continued Third parties Rupiah PT Bank OCBC NISP Tbk “OCBC NISP” 400 - Citibank N.A. “Citibank” 400 - PT Bank Mega Tbk “Bank Mega” 335 180 Bank CIMB Niaga 225 12 PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk “BJB” 170 145 PT Bank Tabungan Pensiunan Nasional Tbk 167 190 PT Bank Bukopin Tbk “Bank Bukopin” 160 181 PT Bank Muamalat Indonesia 153 95 PT Bank Internasional Indonesia Tbk “BII” 120 25 PT Pan Indonesia Bank Tbk 100 90 PT Bank Danamon “Bank Danamon” 61 10 PT Bank Buana “Bank Buana” 60 1 DB 31 78 Others 15 19 2,397 1,026 Foreign currencies SCB 804 42 OCBC NISP 517 641 Others - 34 1,321 717 Sub total 3,718 1,743 Total time deposits 11,168 8,088 Grand Total 13,118 9,634 Interest rates per annum on time deposits are as follows: 2012 2011 Rupiah 2.25 - 8.50 2.85 - 9.25 Foreign currencies 0.05 - 3.50 0.05 - 3.00 The related parties in which the Company and subsidiaries place their funds are state-owned banks. The Company and subsidiaries placed 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. PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2012 AND FOR THE YEAR THEN ENDED WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2011 AND FOR THE YEAR THEN ENDED AND AS OF JANUARY 1, 2011 Figures in tables are presented in billions of Rupiah, unless otherwise stated 38

4. OTHER CURRENT FINANCIAL ASSETS 2012

2011 Time deposits Related party BRI 1,650 - Third parties SCB 1,350 - OCBC NISP 1,000 - Sub total 2,350 - Total time deposits 4,000 - Available-for-sale financial assets Related parties The Government 123 140 State-owned enterprises 67 83 PT Bahana Securities “Bahana” 48 64 Sub total 238 287 Third parties 72 74 Total available-for-sale financial assets 310 361 Others 28 12 Total 4,338 373 Time deposits represent time deposits with maturities of more than three months but not more than one year, with interest rates ranging from 6.25 - 6.75 per annum. Refer to Note 37 for details of related party transactions.

5. TRADE RECEIVABLES

Trade receivables arise from services provided to both retail and non-retail customers, with details as follows: a. By debtor i Related parties December 31, December 31, January 1, 2012 2011 2011 State-owned enterprises 549 237 315 PT Patra Telekomunikasi Indonesia “Patrakom” 56 31 24 PT Indosat Tbk “Indosat” 55 36 34 CSM 51 86 91 Others each below Rp30 billion 62 52 23 Total 773 442 487 Provision for impairment of receivables 72 36 79 Net 701 406 408 Reclassified, refer to Note 48.