CAPITAL STOCK June 30, 2014 Disposal of Indonusa

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2014 and for the Six Months Period Then Ended unaudited Figures in tables are expressedin billions of rupiah, unless otherwise stated 71

26. REVENUES 2014

2013 Telephone Revenues Cellular Usage charges 15,708 14,694 Features 369 325 Monthly subscription charges 302 379 16,379 15,398 Fixed lines Usage charges 2,856 3,324 Monthly subscription charges 1,328 1,358 Call center 221 151 Others 165 180 4,570 5,013 Total Telephone Revenues 20,949 20,411 Interconnection Revenues Domestic interconnection and transit 1,534 1,475 International interconnection 958 880 Total Interconnection Revenues 2,492 2,355 Data, Internet, and Information Technology Service Revenues Internet, data communication and information technology services 10,814 8,576 Short Messaging Services “SMS” 6,457 6,363 Voice over Internet Protocol “VoIP” 90 53 E-business 82 47 Total Data, Internet, and Information Technology Service Revenues 17,443 15,039 Network Revenues Leased lines 456 419 Satellite transponder lease 250 236 Total Network Revenues 706 655 Other Telecommunications Service Revenues Customer Premise Equipment “CPE” and terminal 925 637 Leases 415 307 E-Payment revenue 127 - Directory assistance 113 144 USO compensation 53 190 Pay TV 45 179 Sales of modem - 136 Others 274 116 Total Other Telecommunications Service Revenues 1,952 1,709 TOTAL REVENUES 43,542 40,160

26. REVENUES continued

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of June 30, 2014 and for the Six Months Period Then Ended unaudited Figures in tables are expressedin billions of rupiah, unless otherwise stated 72 The details of net revenues received by the Company and subsidiaries from agency relationships for six months period ended June 30, 2014 and 2013 are as follows: 2014 2013 Gross revenues 11,011 8,689 Compensation to value added service providers 196 112 Net revenues 10,815 8,577 Refer to Note 37 for details of related party transactions.

27. PERSONNEL EXPENSES

2014 2013 Salaries and related benefits 1,815 1,659 Vacation pay, incentives and other benefits 1,583 1,441 Employees’ income tax 711 612 Net periodic pension costs Note 34 235 439 Housing 112 109 Insurance 54 52 Net periodic post-retirement health care benefit costs Note 36 37 187 Others 121 105 Total 4,668 4,604 Refer to Note 37 for details of related party transactions.

28. OPERATIONS, MAINTENANCE AND TELECOMMUNICATION SERVICE EXPENSES 2014

2013 Operations and maintenance 6.259 5,535 Radio frequency usage charges Notes 41c.i and 41c.ii 1,576 1,511 Concession fees and Universal Service Obligation charges 814 765 Electricity, gas and water 526 492 Cost of phone, set top box, SIM and RUIM cards 338 435 Vehicles rental and supporting facilities 336 197 Leased lines and CPE 284 283 Insurance 225 195 Cost of IT services 188 190 Others 153 129 Total 10,699 9,732 Refer to Note 37 for details of related party transactions.