FIXED ASSETS Daftar Laporan Audit

PT XL AXIATA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2007, 2008 AND 2009; AND 31 MARCH 2009 AND 2010 Expressed in millions of Rupiah, unless otherwise stated Page 30

8. FIXED ASSETS continued

The calculation of the loss on sale and write-off of fixed assets is as follows: 31122007 31122008 31122009 31032009 3103 2010 Cost 200,199 419,538 1,335,759 237,923 58,827 Accumulated depreciation 166,141 279,426 1,277,056 231,636 43,719 Net book value 34,058 140,112 58,703 6,287 15,108 Proceeds from sale of fixed assets and insurance claims 5,094 100,898 23,730 4,775 522 Loss on sale and write-off of fixed assets 28,964 39,214 34,973 1,512 14,586 As at 31 March 2010, the fixed assets of the Company and its subsidiaries are insured by insurance policies covering “property, all risks and business interruption” for USD 2,612,000,000 from a third party, PT MAA General Assurance, which the management believes is adequate to cover losses. Management believes that there is no impairment in assets value as at each reporting date.

9. SHORT-TERM LOANS

31122007 31122008 31122009 31032009 31032010 The Royal Bank of Scotland formerly ABN AMRO Bank N.V - 547,500 - - - On 21 January 2008, the Company entered in to a credit facility agreement with The Royal Bank of Scotland formerly ABN AMRO Bank N.V. amounting to USD 50,000,000. The loan matures 1 one year after the first drawdown. On 4 December 2008, the maturity date was amended to 22 July 2009. Interest on the loan is a 3 month’s LIBOR plus a 1.20 margin. Based on the latest amendment dated 4 December 2008, the interest rate changed to 3 months’ LIBOR plus a 1.80 margin for the period 23 January 2009 to 22 July 2009. The Company is required to comply with certain conditions, such as that the ownership of Axiata Group Berhad formerly TM International Berhad in the Company should not be less than 51. The outstanding principal as of 31 December 2008 amounted to USD 50,000,000 equivalent to Rp 547.5 billion full amount. The credit facility was utilised for loan refinancing and working capital purposes. This loan was fully repaid on 30 March 2009.

10. TRADE AND OTHER PAYABLES

31122007 31122008 31122009 31032009 3103 2010 Third parties Purchase of fixed assets 2,500,169 2,778,161 1,474,393 2,509,521 1,475,307 Operational expenditure 373,038 526,191 468,985 557,095 499,627 Interconnection and telecommunications service payable 96,646 101,136 162,037 112,858 165,788 2,969,853 3,405,488 2,105,415 3,179,474 2,140,722 Related parties Interconnection and telecommunications service payable 3,628 28,253 26,832 38,421 26,923 2,973,481 3,433,741 2,132,247 3,217,895 2,167,645 PT XL AXIATA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2007, 2008 AND 2009; AND 31 MARCH 2009 AND 2010 Expressed in millions of Rupiah, unless otherwise stated Page 31

10. TRADE AND OTHER PAYABLES continued

31122007 31122008 31122009 31032009 31032010 Less current portion: - Third parties 2,674,050 3,250,610 2,072,670 2,919,508 2,121,536 - Related parties 3,628 28,253 26,832 38,421 26,923 Non-current portion 295,803 154,878 32,745 259,966 19,186 Trade and other payables according to currency are as follows: 31122007 31122008 31122009 31032009 31032010 Rupiah 735,569 928,596 687,357 811,084 599,121 Foreign currencies 2,237,912 2,505,145 1,444,890 2,406,811 1,568,524 2,973,481 3,433,741 2,132,247 3,217,895 2,167,645 Refer to Note 26 for related party information.

11. ACCRUED EXPENSES - THIRD PARTIES

31122007 31122008 31122009 31032009 3103 2010 Telecommunications services expenses 147,565 46,177 229,413 58,686 310,057 Salaries and employee benefits 75,333 126,266 165,242 63,863 112,245 Interest 231,499 156,085 104,959 121,256 79,032 Others 57,571 100,073 49,719 93,264 66,272 511,968 428,601 549,333 337,069 567,606

12. DEFERRED REVENUE

31122007 31122008 31122009 31032009 31032010 Cellular telecommunications services 409,223 575,858 592,098 532,781 594,805 Leased tower - 14,419 4,307 425,328 495,353 Leased lines 1,195 1,155 1,499 1,129 2,480 410,418 591,432 597,904 959,238 1,092,638

13. LONG-TERM LOANS

31122007 31122008 31122009 Equivalent Equivalent Equivalent Original to million Original to million Original to million currency Rupiah currency Rupiah currency Rupiah PT Bank Mandiri Persero Tbk Rp 400,000 400,000 Rp 3,600,000 3,600,000 Rp 3,200,000 3,200,000 PT Bank Central Asia Tbk - - Rp 3,000,000 3,000,000 Rp 3,000,000 3,000,000 Exportkreditnämnden EKN - - USD 213,949,508 2,342,747 USD 344,364,981 3,237,031 PT Bank Sumitomo Mitsui Indonesia - - Rp 300,000 300,000 Rp 300,000 300,000 PT Bank DBS Indonesia USD 50,000,000 470,950 Rp 700,000 700,000 Rp 700,000 700,000 The Bank of Tokyo - Mitsubishi UFJ, LTD - - - - - - PT ANZ Panin Bank - - Rp 250,000 250,000 Rp 250,000 250,000 Standard Chartered Bank USD 100,000,000 941,900 USD 150,000,000 1,642,500 USD 50,000,000 470,000 Syndicated loan facilities I - - USD 140,000,000 1,533,000 - - PT Bank Mizuho Indonesia USD 50,000,000 470,950 USD 50,000,000 547,500 - -