GOODWILL AND OTHER INTANGIBLE ASSETS continued i continued

PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2010 AUDITED AND SEPTEMBER 30, 2011 UNAUDITED AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2010 AND 2011 UNAUDITED Figures in tables are presented in millions of Rupiah, unless otherwise stated 61

16. ACCRUED EXPENSES December 31, September 30,

2010 2011 Operations, maintenance and telecommunications services 1,773,794 2,422,450 Salaries and benefits 894,733 749,605 General, administrative and marketing 514,367 743,493 Early retirement program - 628,947 Interest and bank charges 226,366 193,120 Total 3,409,260 4,737,615 Accruals for early retirement program 2011 arose from the Decision of HCGA Director No. SK.42PS940COP-B00000002011 on determination of 2011 budget year early retirement participant dated September 23, 2011. The Company accrued on the basis of the number of eligible employees by grade and who were expected to enroll. Accrued early retirement benefits as of September 30, 2011, amounted to Rp.628,947 million charged to the consolidated statements of comprehensive income for the nine months period ended September 30, 2011 Note 34. Refer to Note 44 for details of related party transactions.

17. UNEARNED INCOME December 31, September 30,

2010 2011 Prepaid pulse reload vouchers 2,419,099 2,410,631 Other telecommunications services 131,220 138,644 Others 131,164 121,325 Total 2,681,483 2,670,600

18. SHORT-TERM BANK LOANS

December 31, 2010 September 30, 2011 Outstanding Outstanding Original Original currency Rupiah currency Rupiah Lenders Currency in millions equivalent in millions equivalent Bank CIMB Niaga Rp. - 35,359 - 62,980 Bank Danamon Rp. - - - 40,000 Bank Ekonomi Rp. - 16,472 - 17,163 PT Bank Syariah Mandiri “BSM” Rp. - 4,000 - 7,000 Total 55,831 127,143 Refer to Note 44 for details of related party transactions. PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2010 AUDITED AND SEPTEMBER 30, 2011 UNAUDITED AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2010 AND 2011 UNAUDITED Figures in tables are presented in millions of Rupiah, unless otherwise stated 62

18. SHORT-TERM BANK LOANS continued

Total facility Interest Interest in Payment payment rate Borrower Currency millions schedule period per annum Security Bank CIMB Niaga April 25, 2005 a Balebat Rp. 12,000 May 29, Monthly 11.50 Property, plant and 2012 equipment Note 11, inventories Note 7, and trade receivables Note 6 April 29, 2008 a Balebat Rp. 5,000 May 29, Monthly 11.50 Property, plant and 2012 equipment Note 11, inventories Note 7, and trade receivables Note 6 April 29, 2008 a Balebat Rp. 500 May 29, Monthly 11.50 Property, plant and 2012 equipment Note 11, inventories Note 7, and trade receivables Note 6 October 18, 2005 b GSD Rp. 19,000 October 18, Monthly 10.25 Property, plant and 2011 equipment Note 11 May 14, 2010 Infomedia Rp. 28,000 May 14, Monthly 11.00 Trade receivables 2012 Note 6 Bank Danamon June 20, 2011 Infomedia Rp. 5,000 June 20, Monthly 11.00 Trade receivables 2012 Note 6 Bank Ekonomi February 11, 2009 c Sigma US 0.55 June 13, Monthly 6.00 Trade receivables 2011 Note 6 August 7, 2009 c Sigma Rp. 35,000 July 1, 2011 Monthly 10.00 Trade receivables Note 6 property, plant and equipment Note 11 January 2, 2011 c Sigma US 1.00 July 1, 2011 Monthly 6.00 Property, plant and equipment Note 11 February 23, 2011 c Sigma Rp. 100,000 August 23, Monthly 10.50 Trade receivables 2011 Note 6, property, plant and equipment Note 11 PT Bank Syariah Mandiri “BSM” September 1, 2010 d Balebat Rp. 15,000 October 16, Monthly 14.00 Property, plant and 2011 equipment Note 11, inventories Note 7, trade receivables Note 6 The credit facilities obtained by the Company’s subsidiaries are used for working capital purpose. a Based on the latest amendment on May 25, 2011. b On October 2011, the loan was fully repaid Note 52b. c Pursuant to expiry of availability period, Sigma has requested Bank Ekonomi to extend the facility period. As of the issuance date of the consolidated financial statements, for the amandment is still in process. d On August 31, 2011, the loan was fully repaid and subsequently the facility has been extended Note 52c. PERUSAHAAN PERSEROAN PERSERO P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued DECEMBER 31, 2010 AUDITED AND SEPTEMBER 30, 2011 UNAUDITED AND NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2010 AND 2011 UNAUDITED Figures in tables are presented in millions of Rupiah, unless otherwise stated 63

19. MATURITIES OF LONG-TERM LIABILITIES a. Current maturities

December 31, September 30, Notes 2010 2011 Bank loans 22 4,478,247 3,396,958 Two-step loans 20 395,363 395,143 Obligations under finance leases 11 198,062 189,679 Bonds and notes 21 126,719 290,008 Deferred consideration for business combinations 23 105,245 - Total 5,303,636 4,271,788 b. Long-term portion In billions of Rupiah Notes Total 2012 2013 2014 2015 Later Bank loans 22 7,521.7 232.0 3,574.7 2,374.7 950.5 389.8 Bonds and notes 21 3,374.0 123.7 207.1 43.2 1,005.0 1,995.0 Two-step loans 20 2,435.0 74.7 321.4 323.9 326.6 1,388.4 Obligations under finance leases 11 330.8 135.9 111.5 30.9 16.7 35.8 Total 13,661.5 566.3 4,214.7 2,772.7 2,298.8 3,809.0 20. TWO-STEP LOANS Two-step loans are unsecured loans obtained by the Government, which are then re-loaned to the Company. The loans entered into up to July 1994 were recorded and payable in Rupiah based on the exchange rate at the date of drawdown. Loans entered into after July 1994 are payable in their original currencies and any resulting foreign exchange gain or loss is borne by the Company. December 31, 2010 September 30, 2011 Outstanding Outstanding Original Original currency Rupiah currency Rupiah Lenders Currency in millions equivalent in millions equivalent Overseas bank Yen 10,750.57 1,191,378 10,366.62 1,187,392 US 120.76 1,088,639 101.87 896,500 Rp. - 856,649 - 746,326 Total 3,136,666 2,830,218 Current maturities Note 19a 395,363 395,143 Long-term portion Note 19b 2,741,303 2,435,075