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 JUNE 30, 2013 UNAUDITED AND FOR SIX MONTHS PERIOD ENDED WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2012 AUDITED AND FOR SIX MONTHS PERIOD ENDED JUNE 30, 2012 UNAUDITED Figures in tables are presented in billions of Rupiah, unless otherwise stated 38

3. CASH AND CASH EQUIVALENTS continued

June 30, December 31, 2013 2012 Time deposits continued Third parties Rupiah SCB 483 - PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk BJB 85 170 PT Bank Mega Tbk Bank Mega 85 335 PT Bank Muamalat Indonesia 83 153 PT Bank Internasional Indonesia Tbk BII 80 120 PT Bank Tabungan Pensiunan Nasional Tbk 62 167 PT Bank Bukopin Tbk Bank Bukopin 37 160 PT Bank Danamon Bank Danamon 31 61 PT Pan Indonesia Bank Tbk 30 100 Bank CIMB Niaga 10 225 DB 9 31 PT Bank Buana Bank Buana - 60 PT Bank OCBC NISP Tbk OCBC NISP - 400 Citibank N.A. Citibank - 400 Others 36 15 1,031 2,397 Foreign currencies SCB - 804 OCBC NISP 880 517 880 1,321 Sub total 1,911 3,718 Total time deposits 9,114 11,168 Grand Total 11,551 13,118 Interest rates per annum on time deposits are as follows: June 30, December 31, 2013 2012 Rupiah 1.00 - 8.00 2.25 - 8.50 Foreign currencies 0.03 - 3.00 0.05 - 3.50 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 JUNE 30, 2013 UNAUDITED AND FOR SIX MONTHS PERIOD ENDED WITH COMPARATIVE FIGURES AS OF DECEMBER 31, 2012 AUDITED AND FOR SIX MONTHS PERIOD ENDED JUNE 30, 2012 UNAUDITED Figures in tables are presented in billions of Rupiah, unless otherwise stated 39

4. OTHER CURRENT FINANCIAL ASSETS

June 30, December 31, 2013 2012 Time deposits Related party BRI 248 1,650 Others 10 - Sub total 258 1,650 Third parties SCB 111 1,350 OCBC NISP - 1,000 Others 14 - Sub total 125 2,350 Total time deposits 383 4,000 Available-for-sale financial assets Related parties The Government 132 123 State-owned enterprises 64 67 PT Bahana Securities Bahana 48 48 Sub total 244 238 Third parties 69 72 Total available-for-sale financial assets 313 310 Others - 28 Total 696 4,338 Time deposits represent time deposits with maturities of more than three months but not more than one year, with interest rates as follow: June 30, December 31, 2013 2012 Rupiah 4.25 - 5.25 6.25 - 6.75 Foreign currency 0.90 - 2.00 - 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 June 30, December 31, 2013 2012 State-owned enterprises 647 549 PT Patra Telekomunikasi Indonesia Patrakom 81 56 PT Indosat Tbk Indosat 62 55 CSM 45 51 Others each below Rp30 billion 359 62 Total 1,194 773 Provision for impairment of receivables 63 72 Net 1,131 701