Acquisitions continued Disposal of Indonusa

F-41 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of January 1, 2012 Restated, December 31, 2012 Restated and December 31, 2013 and for the years ended December 31, 2011 Restated, 2012 Restated and 2013 Figures in tables are presented in billions of rupiah, unless otherwise stated 3. BUSINESS COMBINATIONS continued

a. Acquisitions continued

The fair values of the assets acquired and liabilities transferred at the acquisition dates are as follows: GCI Patrakom Total Cash and cash equivalents 3 39 42 Other current assets 18 122 140 Property and equipment Note 12 225 171 396 Current liabilities 15 171 186 Non-current liabilities 16 45 61 Fair value of the identifiable net assets acquired 215 116 331 Bargain purchase 42 - 42 Fair value of previously held equity interests - 46 46 Fair value of the consideration transferred 173 70 243 The excess amounting to Rp42 billion of fair value of the identifiable net asset acquired over the fair value of the consideration transferred, was recorded as other income in the consolidated statement of comprehensive income of the current year. Transaction costs of Rp4.3 billion were expensed in the current period. Since the acquisition dates, GCI and Patrakom contributed Rp23 billion of operating revenues.

b. Disposal of Indonusa

On October 8, 2013, the Company sold 80 of its ownership in Indonusa to PT Trans Corpora and PT Trans Media Corpora for Rp926 billion. Further, on the same date, the Company, Metra and PT Trans Corpora signed a Shareholders Agreement that establishes mutual relationship among the shareholders of Indonusa, including the grant of the right to the Company and Metra to sell their 20 remaining ownership in Indonusa to PT Trans Corpora at any time in 24 months after the second year of the closing transaction at a certain price Put Option. The Company had received the full payment for the sale transaction. The Company recognized gain on sale of Indonusa shares as part of other income in the 2013 consolidated statement of comprehensive income, as follows: Amount Fair value of consideration received: Cash 926 Put Option 289 Fair value of interest retained in Indonusa Note 11 182 Carrying amount of assets and liabilities of Indonusa 14 Gain on sale of shares 1,383 F-42 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of January 1, 2012 Restated, December 31, 2012 Restated and December 31, 2013 and for the years ended December 31, 2011 Restated, 2012 Restated and 2013 Figures in tables are presented in billions of rupiah, unless otherwise stated 4. TRANSLATION OF RUPIAH INTO UNITED STATES DOLLAR The consolidated financial statements are stated in Indonesian rupiah. The translations of the Indonesian rupiah amounts into U.S. dollar amounts are included solely for the convenience of the readers and have been made using the average of the market buy and sell rates of Rp12,170 to US1 as published by Reuters on December 31, 2013. The convenience translations should not be construed as representations that the Indonesian rupiah amounts have been, could have been, or could in the future be, converted into United States dollar at this or any other rate of exchange.

5. CASH AND CASH EQUIVALENTS 2012