Profit for the Year Attributable to Owners of the Parent Company

As of December 31, 2014 2013 2012 Rp billion US million Rp billion Rp billion Net cash : provided by operating activities 37,736 3,047 36,574 27,941 used in investing activities 24,748 1,998 22,702 11,311 used in financing activities 10,083 814 13,327 13,314 Net increase in cash and cash equivalents 2,905 235 545 3,316 Effect of exchange rate changes on cash and cash equivalents 71 6 1,039 168 Cash and cash equivalents at beginning of year 14,696 1,187 13,118 9,634 Ending balance of disposed subsidiary - - 6 - Cash and cash equivalents at end of year 17,672 1,428 14,696 13,118 Year ended December 31, 2014 compared to year ended December 31, 2013

1. Cash Flows from Operating Activities Net cash provided by operating activities in 2014 was

Rp37,736 billion US3,047 million compared to Rp36,574 billion in 2013. The increase was primarily due to an increase of Rp7,549 billion, or 9.8, in cash receipts from customers, Rp404 billion, or 48.6, increase on our interest income received. This was partially offset by an increase in cash payment for expense by Rp5,707 billion, or 20.8, and increase in payment for value added tax- net of Rp493 billion.

2. Cash Flows from Investing Activities Net cash flows used in investing activities in 2014 was

Rp24,748 billion US1,998 million compared to Rp22,702 billion in 2013. This increase was primarily due to an increase of Rp5,154 billion, or 26.2 in acquisition of property and equipment, Rp2,121 billion placement in escrow account, and acquisition of long-term investments by Rp1,467 billion. This was partially offset by an increase of Rp8,466 billion or 370.0 on our placement in time deposit, a decrease in advances and other non-current assets by Rp783 billion, or 99.0 and proceeds from sale of property and equipment by Rp35 billion, or 7.5.

3. Cash Flows from Financing Activities Net cash flows used in financing activities was Rp10,083

billion US814 million in 2014 compared with Rp13,327 billion in 2013. This increase was primarily due to decrese in repayment of short-term borrowings by Rp1,840 billion, or 452.1. Increase of Rp1,589 billion, or 19.0, in cash dividends paid to our stockholders and an increase of Rp795 billion, or 17.0, in our cash devidens paid to non-controling stockholder of subsidiaries. Year ended December 31, 2013 compared to year ended December 31, 2012

1. Cash Flows from Operating Activities Net cash provided by operating activities in 2013 was

Rp36,574 billion US3,005 million compared to Rp27,941 billion in 2012. The increase was primarily due to an increase of Rp5,103 billion, or 7.1, in cash receipts from customers and from other operators of Rp528 billion, CASH FLOW STATEMENT OVERVIEW The following table sets out information concerning our consolidated cash flows, as set out in and prepared on the same basis as our Consolidated Financial Statements: 130 2014 Annual Report PT Telkom Indonesia Tbk Persero FINANCIAL AND PERF ORMANCE HIGHLIGHT MANA GEMENT REPOR T PREF A GENERAL INF ORMA TION OF TELK OM INDONE SIA MANA GEMENT’S DISCUSSION AND ANAL Y SIS CORPORA TE GO VERNANCE SOCIAL AND ENVIRONMENT AL RE SPONSIBILITY APPENDICE S