Trade LONG-TERM BORROWINGS continued

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of September 30, 2016 and For the Nine-Month Period Then Ended unaudited Figures in tables are expressed in billions of rupiah, unless otherwise stated 61

17. NON-CONTROLLING INTERESTS continued

Material partly-owned subsidiary As of September 30, 2016 and December 31, 2015, the non-controlling interest holds 35 ownership interest in Telkomsel Note 1d which is considered material to the company. 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 September 30, 2016 December 31, 2015 Current assets 29,941 25,660 Non-current assets 56,454 58,426 Current liabilities 23,790 20,020 Non-current liabilities 9,916 12,565 Total equity 52,689 51,501 Attributable to: Equity holders of parent company 34,250 33,477 Non-controlling interest 18,439 18,024 Summarized statements of profit or loss and other comprehensive income 2016 2015 Revenues 63,654 55,625 Operating expenses 35,548 33,679 Other expenses 100 17 Profit before income tax 28,206 21,929 Income tax expense - net 6,916 5,447 Profit for the year from continuing operations 21,290 16,482 Other comprehensive income expenses - net - - Net comprehensive income for the year 21,290 16,482 Attributable to non-controlling interest 7,451 5,768 Dividend paid to non-controlling interest 7,036 6,112 Summarized statements of cash flows 2016 2015 Operating activities 35,275 28,095 Investing activities 9,604 9,643 Financing activities 22,309 14,279 Net increase in cash and cash equivalents 3,362 4,173 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of September 30, 2016 and For the Nine-Month Period Then Ended unaudited Figures in tables are expressed in billions of rupiah, unless otherwise stated 62

18. CAPITAL STOCK

September 30, 2016 Description Number of shares Percentage of ownership Total paid-up 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 7,644,175,380 7,72 382 Commissioners Note 1b: Hendri Saparini 18,982 Dolfie Othniel Fredric Palit 17,084 Hadiyanto 519,640 Directors Note 1b: Alex J Sinaga 42,183 Indra Utoyo 1,182,295 Honesti Basyir 1,155,295 Herdy Rosadi Harman 37,663 Abdus Somad Arief 37,965 Dian Rachmawan 98,505 Public individually less than 5 39,812,578,048 40,19 1,991 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, 2015 Description Number of shares Percentage of ownership Total paid-up capital Series A Dwiwarna share Government 1 Series B shares Government 51,602,353,559 52.55 2,580 The Bank of New York Mellon Corporation 8,161,361,980 8.31 408 Commissioners Note 1b: Hendri Saparini 18,982 Dolfie Othniel Fredric Palit 17,084 Hadiyanto 519,640 Parikesit Suprapto 502,555 Directors Note 1b: Alex J Sinaga 42,723 Heri Sunaryadi 37,965 Indra Utoyo 1,182,295 Muhammad Awaluddin 1,154,755 Honesti Basyir 1,155,295 Herdy Rosadi Haman 37,663 Abdus Somad Arief 37,965 Dian Rachmawan 98,505 Public individually less than 5 38,429,695,633 39.14 1,922 Total 98,198,216,600 100.00 4,910 Treasury stock Note 20 2,601,779,800 - 130 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.