FINANCIAL RISK MANAGEMENT continued FINANCIAL RISK MANAGEMENT continued

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the Year Then Ended Figures in tables are expressed in billions of Rupiah, unless otherwise stated 132

43. CAPITAL MANAGEMENT continued

The Group PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the Year Then Ended Figures in tables are expressed in billions of Rupiah, unless otherwise stated

133

45. SUBSEQUENT EVENTS

a. On January 14, 2016, Telkom Akses received proceeds of bank loan from BNI credit facility amounting to Rp97 billion. b. On February 15, 2016, Telkomsel filed an appeal to the Tax Authorities for the underpayment of corporate income tax of Rp250 billion including penalty of Rp81.1 billion. As of the date of approval and authorization for issuance of these financial statements, the appeal is still in process see Note 30e.ii PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the Year Then Ended Figures in tables are expressed in billions of Rupiah, unless otherwise stated

134

46. SUMMARY OF SIGNIFICANT DIFFERENCES BETWEEN PSAK AND IFRS INTERNATIONAL FINANCIAL REPORTING STANDARDS The following tables set forth a reconciliation of the consolidated statement of financial position as of December 31, 2015 and consolidated statements of profit or loss and other comprehensive income for the year ended December 31, 2015, in each case between PSAK and IFRS. PSAK RECONCILIATION IFRS CONSOLIDATED STATEMENT OF FINANCIAL POSITION DECEMBER 31, 2015 ASSETS CURRENT ASSETS Cash and cash equivalents 28,117 - 28,117 Other current financial assets 2,818 - 2,818 Trade receivables - net of provision for impairment of receivables Related parties 1,104 493 1,597 Third parties 6,413 493 5,920 Other receivables - net of provision for impairment of receivables 355 - 355 Inventories - net of provision for obsolescence 528 - 528 Advances and prepaid expenses 5,839 - 5,839 Claim tax for refund 66 - 66 Prepaid taxes 2,672 - 2,672 Total Current Assets 47,912 - 47,912 NON-CURRENT ASSETS Long-term investments 1,807 - 1,807 Property and equipment - net of accumulated depreciation 103,700 245 103,455 Prepaid pension benefit costs 1,331 - 1,331 Advances and other non-current assets 7,153 - 7,153 Claim for tax refund-net of current portion 1,013 - 1,013 Intangible assets - net of accumulated amortization 3,056 - 3,056 Deferred tax assets - net 201 - 201 Total Non-current Assets 118,261 245 118,016 TOTAL ASSETS 166,173 245 165,928 LIABILITIES AND EQUITY CURRENT LIABILITIES Trade payables Related parties 2,075 1,329 3,404 Third parties 11,919 1,329 10,590 Other payables 290 - 290 Taxes payables 3,273 - 3,273 Accrued expenses 8,247 - 8,247 Unearned income 4,360 - 4,360 Advances from customers and suppliers 805 - 805 Short-term bank loans 602 - 602 Current maturities of long-term liabilities 3,842 - 3,842 Total Current Liabilities 35,413 - 35,413