NON-CONTROLLING INTERESTS 2013 Telekomunikasi Indonesia Eng 31 Des 2013

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2013 and for the Year Then Ended Figures in tables are expressed in billions of rupiah, unless otherwise stated 70

25. TREASURY STOCK continued

Price per share offered was Rp10,714 and each participant received allowance discount of Rp5,575 per share. At the closing of this program, the Company had transferred a part of the treasury stock phase III to employees totaling 59,811,400 shares equivalent to 299,057,000 shares after the stock split with fair value amounting to Rp661 billion. The excess in value of treasury stock recovered over acquisition cost of the stock amounting to Rp228 billion was recorded as additional paid-in capital Note 24. The difference between the fair value of treasury stock and amount paid by the participants amounting to Rp353 billion is recorded in the consolidated statement of comprehensive income Note 27. On July 30, 2013, the Company resold 211,290,500 shares equal to 1,056,452,500 shares after the stock split for the repurchase of shares of treasury stock phase I with fair value amounting to Rp2,409 billion. The excess in value of the treasury stock sold over their acquisition cost amounting to Rp544 billion was recorded as additional paid-in capital net of related costs to sell the shares Note 24. 26. REVENUES 2013 2012 Telephone Revenues Cellular Usage charges 30,722 29,477 Monthly subscription charges 730 696 Features 686 558 32,138 30,731 Fixed lines Usage charges 6,453 7,323 Monthly subscription charges 2,682 2,805 Call center 324 228 Installation charges 12 112 Others 230 194 9,701 10,662 Total Telephone Revenues 41,839 41,393 Interconnection Revenues Domestic interconnection and transit 2,971 2,618 International interconnection 1,872 1,655 Total Interconnection Revenues 4,843 4,273 Data, Internet, and Information Technology Service Revenues Internet, data communication and information technology services 18,373 14,857 Short Messaging Services “SMS” 13,134 12,631 Voice over Internet Protocol “VoIP” 119 81 E-business 83 55 Total Data, Internet, and Information Technology Service Revenues 31,709 27,624 PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2013 and for the Year Then Ended Figures in tables are expressed in billions of rupiah, unless otherwise stated 71

26. REVENUES continued 2013

2012 Network Revenues Leased lines 861 824 Satellite transponder lease 392 384 Total Network Revenues 1,253 1,208 Other Telecommunications Service Revenues Customer Premise Equipment “CPE” and terminal 1,197 1,046 Leases 661 401 USO compensation 508 253 Directory assistance 308 295 Pay TV 274 405 Others 375 245 Total Other Telecommunications Service Revenues 3,323 2,645 TOTAL REVENUES 82,967 77,143 The details of net revenues received by the Company and subsidiaries from agency relationships for the year ended December 31, 2013 and 2012 are as follows: 2013 2012 Gross revenues 18,663 15,059 Compensation to value added service providers 290 202 Net revenues 18,373 14,857 Refer to Note 37 for details of related party transactions.

27. PERSONNEL EXPENSES

2013 2012 Salaries and related benefits 3,553 3,257 Vacation pay, incentives and other benefits 3,252 3,400 Employees’ income tax 1,160 1,022 Net periodic pension costs Note 34 873 789 Net periodic post-retirement health care benefit costs Note 36 374 90 Housing 220 200 Insurance 92 83 Other employee benefit 71 38 Other post-retirement benefit costs Note 34 66 65 LSA expense Note 35 19 121 Early retirement program Note 15 - 699 Others 53 22 Total 9,733 9,786 Refer to Note 37 for details of related party transactions.