Non Current Liabilities Liabilities dan Equity

133

PT Telkom Indonesia Persero Tbk

133

Growth Years ended December 31, 2015-2014 2015 2014 Restated 2013 Rp billion US million Rp billion Rp billion Revenues 14.2 102,470 7,433 100.0 89,696 100.0 82.967 100.0 Telephone revenues 5.6 45,118 3,272 44.0 42,725 47.6 41.634 50.2 Cellular 8.7 37,285 2,704 36.3 34,290 38.2 32.138 38.7 Usage charges 8.6 35,803 2,597 34.9 32,972 36.8 30.722 37.0 Monthly subscription charges 23.8 432 31 0.4 567 0.6 730 0.9 Features 39.8 1,050 76 1.0 751 0.8 686 0.8 Fixed lines 7.1 7,833 568 7.7 8,435 9.4 9.496 11.5 Usage charges 13.3 4,635 336 4.5 5,347 6.0 6.453 7.8 Monthly subscription charges 4.6 2,821 205 2.8 2,697 3.0 2.682 3.2 Call center 5.2 275 20 0.3 290 0.3 119 0.2 Others 1.0 102 7 0.1 101 0.1 242 0.3 Interconnection revenues 8.9 4,290 311 4.2 4,708 5.2 4.843 5.9 Domestic interconnection 21.7 2,276 165 2.2 2,908 3.2 2.971 3.6 International interconnection 11.9 2,014 146 2.0 1,800 2.0 1.872 2.3 Data, internet and information technology revenues 26.5 47,820 3,470 46.6 37,808 42.2 32.877 39.6 Cellular internet and data 45.0 19,665 1,427 19.2 13,563 15.1 10.113 12.2 Short Messaging Service SMS 7.8 15,132 1,098 14.8 14,034 15.7 13.134 15.8

134

PT Telkom Indonesia Persero Tbk Growth Years ended December 31, 2015-2014 2015 2014 Restated 2013 Rp billion US million Rp billion Rp billion Internet, data communication and information technology services 24.5 12,432 902 12.1 9,987 11.1 9,154 11.0 Pay TV 375.0 456 33 0.4 96 0.1 274 0.3 Others 5.5 135 10 0.1 128 0.2 202 0.3 Network revenues 3.8 1,231 89 1.2 1,280 1.5 1,253 1.5 Leased lines 17.9 719 52 0.7 610 0.7 861 1.0 Satellite transponder lease 23.6 512 37 0.5 670 0.8 392 0.5 Others telecommunication revenues 26.3 4,011 291 4.0 3,175 3.5 2,360 2.8 Sales of handset 160.5 1,516 110 1.5 582 0.6 84 0.1 Tower leased 3.0 721 52 0.7 700 0.8 570 0.7 Call center service 49.8 668 49 0.7 446 0.5 205 0.2 CPE and terminal 51.0 221 16 0.2 451 0.5 100 0.1 Others 11.1 885 64 0.9 996 1.1 1,401 1.7 Expenses 16.2 71,552 5,191 100.0 61,564 100.0 57,700 100.0 Depreciation and amortization expenses 8.2 18,534 1,345 25.9 17,131 27.8 15,780 27.3 Operations, maintenance and telecommunication service expenses 26.1 28,116 2,040 39.2 22,288 36.1 19,332 33.5 Operations and maintenance 32.4 15,658 1,136 21.9 11,827 19.2 9,658 16.7 Radio frequency usage charges 13.1 3,626 263 5.1 3,207 5.2 3,098 5.4 Concession fees and USO charges 22.7 2,230 162 3.1 1,818 3.0 1,595 2.8 Electricity, gas and water 14.1 1,014 74 1.4 1,180 1.9 1,063 1.8 Cost of handset sold 254.6 1,493 108 2.1 421 0.7 153 0.3 Cost of SIM cards and vouchers 27.2 444 32 0.6 610 1.0 599 1.0 Cost of IT services 147.1 882 64 1.2 357 0.6 677 1.2 Leased lines and CPE 82.6 1,384 100 1.9 758 1.2 440 0.8 Vehicles rental and supporting facilities 8.8 296 21 0.4 272 0.4 282 0.5 Insurance 6.9 312 23 0.4 335 0.5 374 0.6 135 PT Telkom Indonesia Persero Tbk Growth Years ended December 31, 2015-2014 2015 2014 Restated 2013 Rp billion US million Rp billion Rp billion Management project 35.0 117 9 0.2 180 0.3 138 0.2 Tower rent 39.3 646 47 0.9 1,065 1.7 1,166 2.0 Others 94.6 14 1 258 0.4 89 0.2 Personnel Expenses 21.3 11,874 861 16.7 9,787 16.0 9,733 16.9 Salaries and related beneits 7.8 4,052 294 5.7 3,759 6.1 3,553 6.2 Vacation pay, incentives and other beneits 32.8 4,225 307 5.9 3,182 5.2 3,252 5.6 Employees income tax 23.9 1,632 118 2.3 1,317 2.1 1,160 2.0 Early retirement program 100.0 683 50 1.0 - - - - Pension beneit cost 33.9 432 31 0.6 654 1.1 873 1.5 Housing 5.4 212 15 0.3 224 0.4 220 0.4 LSA expenses 32.2 152 11 0.2 115 0.2 19 Insurance 40.8 138 10 0.2 98 0.2 92 0.2 Post employment healthcare beneit cost 12.9 216 16 0.3 248 0.4 374 0.7 Other employee beneits cost 5.4 53 4 0.1 56 0.1 71 0.1 Other post- employement beneit cost 2.1 47 3 0.1 48 0.1 66 0.1 Others 62.8 32 2 86 0.1 53 0.1 Interconnection Expenses 26.7 3,586 260 5.0 4,893 7.9 4,927 8.5 Domestic interconnection and access 35.4 2,351 170 3.3 3,639 5.9 3,720 6.4 International interconnection 1.5 1,235 90 1.7 1,254 2.0 1,207 2.1 Marketing Expenses 5.9 3,275 238 4.6 3,092 5.0 3,044 5.3 General and Administrative Expenses 6.1 4,204 305 5.8 3,963 6.6 4,155 7.3 General and Administrative Expenses 6.7 1,032 75 1.4 967 1.6 675 1.2 Provision for impairment of receivables 28.8 1,010 73 1.4 784 1.3 1,589 2.8 Training, education and recruitment 25.6 393 28 0.5 528 0.9 412 0.7 Collection expenses 0.3 368 27 0.5 369 0.6 340 0.6 Travelling 2.3 347 25 0.5 355 0.6 341 0.6 136 PT Telkom Indonesia Persero Tbk Growth Years ended December 31, 2015-2014 2015 2014 Restated 2013 Rp billion US million Rp billion Rp billion Professional fees 59.4 424 31 0.6 266 0.4 272 0.5 Meeting 0.6 163 12 0.2 162 0.3 138 0.2 Security and screening 22.1 81 6 0.1 104 0.2 93 0.2 Social contribution 20.8 116 8 0.2 96 0.2 85 0.1 Others 18.7 270 20 0.4 332 0.5 210 0.4 Lost on foreign exchange - net 228.6 46 3 0.1 14 249 0.4 Other expenses 384.1 1,917 139 2.7 396 0.6 480 0.8 Other income 39.7 1,500 109 - 1,074 - 2,579 - Operating Proit 11.0 32,418 2,351 - 29,206 - 27,846 - Finance income 13.7 1,407 102 - 1,238 - 836 - Finance costs 36.8 2,481 180 - 1,814 - 1,504 - Share of loss of associated companies 88.2 2 - 17 - 29 - proit before income tax 9.5 31,342 2,273 - 28,613 - 27,149 - Income Tax Expenses + -net 9.3 8,025 582 - 7,339 - 6,859 - proit for the year 9.6 23,317 1,691 - 21,274 - 20,290 - other Comprehensive income expenses - net 17.7 631 46 - 767 - 112 - net Comprehensive income for the year 8.7 23,948 1,737 - 22,041 - 20,402 - proit for the year attributable to owners of the parent company 7.0 15,489 1,123 - 14,471 - 14,205 - proit for the year attributable to non- controlling interest 15.1 7,828 568 - 6,803 - 6,085 - net comprehensive income for the year attributable to owners of the parent company 5.5 16,130 1,170 - 15,296 - 14,317 - net comprehensive income for the year attributable to non- controlling interest 15.9 7,818 567 - 6,745 - 6,085 - proit per share 6.51 157,77 11,45 - 148,13 - 147.42 - 137 PT Telkom Indonesia Persero Tbk YEAR ENDED DECEMBER 31, 2015 COMPARED TO YEAR ENDED DECEMBER 31, 2014

1. Revenues

Total revenues increased by Rp12,774 billion, or 14.2, from Rp89,696 billion in 2014 to Rp102,470 billion US7,433 million in 2015. The increase in revenues in 2015 was due to the increase in data internet and information technology service revenues and cellular telephone revenues, and to a lesser extent others telecomunication services revenues.

a. Cellular Telephone Revenues Cellular telephone revenues increased by Rp2,995

billion, or 8.7, from Rp34,290 billion in 2014 to Rp37,285 billion US2,704 million in 2015. Usage charges increased by Rp2,831 billion, or 8.6, from Rp32,972 billion in 2014 to Rp35,803 billion in 2015 due to an increase of 8.6 in both our prepaid and postpaid subscriber. Revenues from features increased by Rp299 billion, or 39.8, from Rp751 billion in 2014 to Rp1,050 billion in 2015 due to increase in usage features by our subscribers. This increase ofset by decreased of monthly subscription charges by Rp135 billion, or 23.8, from Rp567 billion in 2014 to Rp431 billion in 2015. Our total cellular telephone revenues accounted for 36.3 of our consolidated revenues for the year ended December 31, 2015.

b. Fixed Lines Revenues Fixed lines revenues decreased by Rp602 billion, or

7.1, from Rp8,435 billion in 2014 to Rp7,833 billion US568 million in 2015. The decrease in ixed lines revenues due to decrease in usage charges of Rp712 billion, or 13.3, caused by a decrease in local and domestic long distance usage. The decrease mainly contributed by termination Flexi. This decreased was partially ofset by an increase of monthly subscription amounted to Rp124 billion, or 4.6.

c. Data, Internet and Information Technology Services Revenues

Our data, internet and information technology service revenues accounted for 46.6 of our consolidated revenues for the year ended December 31, 2015, compared to 42.2 for the year ended December 31, 2014. 2014 restated 2015 Composition of Revenues 4 7,8 2 4

6.7 3

7 ,2 8 5 3 6 .4 4 , 2 9 4 .2 4 ,01 1 3.9 7,8 33 7 .6 1 , 2 3 1 1. 2 3 7 ,8 8 , 3 4 , 29 3 8 . 2 4 , 7 8 5 .2 3, 175 3 . 5 1 ,2 8 1. 4 8, 4 35 9 . 4 3 7 , 80 8 4 2. 2 in billion rupiah in billion rupiah Cellular Fixed Line Interconnection Network Other Telecommunication Service Data, Internet IT Service

138

PT Telkom Indonesia Persero Tbk Data, internet and information technology service revenues increased by Rp10,012 billion, or 26.5, from Rp37,808 billion in 2014 to Rp47,820 billion US3,470 million in 2015. This increase was primarily due to an increase in revenues from internet, data communication and information technology services by Rp2,445 billion, or 24.5, which was driven primarily by IndiHome subscribers, and data cellular and internet revenues from Rp6,102 billion, or 45.0 due to a growth in mobile broadband usage from 31.2 million subscribers in 2014 to 43.8 million subscribers in 2015 related to high adoption of smartphone 3G4G. SMS Revenues increased by Rp1,098 billion, or 7.8, from Rp14,034 billion in 2014 to Rp15,132 billion in