TAXATION continued BASIC AND DILUTED EARNINGS PER SHARE

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three month periods Ended March 31, 2017 and 2016 unaudited Figures in tables are expressed in billions of Rupiah, unless otherwise stated 75

28. CASH DIVIDENDS AND GENERAL RESERVE

Pursuant to the AGM of Stockholders of the Company as stated in notarial deed No. 50 dated April 22, 2016 of Ashoya Ratam, S.H., MKn., the Company’s stockholders approved the distribution of cash dividend and special cash dividend for 2015 amounting to Rp7,744 billion Rp78.86 per share and Rp1,549 billion Rp15.77 per share, respectively. On May 26, 2016, the Company paid the cash dividend and special cash dividend totalling Rp9,293 billion. On December 27, 2016, the Company had paid an interim dividend amounting to Rp1,920 billion or totalling Rp19.38 per share. Appropriation of Retained Earnings Under the Limited Liability Company Law, the Company is required to establish a statutory reserve amounting to at least 20 of its issued and paid-up capital. The balance of the appropriated retained earnings of the Company as of March 31, 2017 and December 31, 2016 and 2015 amounting to Rp15,337 billion, respectively.

29. PENSION AND OTHER POST-EMPLOYMENT BENEFITS

The details of pension and other post-employment benefit liabilities are as follows: Notes March 31, 2017 December 31, 2016 Prepaid pension benefit cost The Company - funded 29a.i.a 102 197 MDM 1 1 Infomedia 1 1 Total 104 199 Pension benefit and other post-employment benefit obligations Pension benefit The Company - unfunded 29a.i.b 2,475 2,507 Telkomsel 29a.ii 1,255 1,193 Patrakom Sub-total pension benefit 3,730 3,700 Net periodic post-employment health care benefit 29b 1,668 1,592 Other post-employment benefit 29c 498 502 Obligation under the Labor Law 29d 346 332 Total 6,242 6,126 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the three month periods Ended March 31, 2017 and 2016 unaudited Figures in tables are expressed in billions of Rupiah, unless otherwise stated 76

29. PENSION AND OTHER POST-EMPLOYMENT BENEFITS continued

The breakdown of the net benefit expense recognized in the consolidated statements of profit or loss and other comprehensive income is as follows: Notes 2017 2016 Pension benefit cost The Company - funded 29a.i.a 95 61 The Company - unfunded 29a.i.b 60 70 Telkomsel 29a.ii 62 56 MDM - - Infomedia - - Patrakom - - Total pension benefit cost 23 217 187 Net periodic post-employment health care benefit cost 23,29b 76 - Other post-employment benefit cost 23,29c 11 46 Obligation under the Labor Law 23,29d 16 12 Total 320 245 a. Pension benefit costs i. The Company a. Funded pension plan The Company sponsors a defined benefit pension plan for employees with permanent status prior to July 1, 2002. The plan is governed by the pension laws in Indonesia and managed by Telkom Pension Fund “Dana Pensiun Telkom” or “Dapen”. The pension benefits are paid based on the participating employees’ latest basic salary at retirement and the number of years of their service. The participating employees contribute 18 before March 2003: 8.4 of their basic salaries to the pension fund. The Company did not make contributions to the pension fund for the years ended December 31, 2014, 2015 and 2016.