<SEC-DOCUMENT>0001001807-11-000019.txt : 20110331
<SEC-HEADER>0001001807-11-000019.hdr.sgml : 20110331
<ACCEPTANCE-DATETIME>20110331161827
ACCESSION NUMBER:		0001001807-11-000019
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20101231
FILED AS OF DATE:		20110331
DATE AS OF CHANGE:		20110331

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK
		CENTRAL INDEX KEY:			0001001807
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				999999999
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14406
		FILM NUMBER:		11726428
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>pr_telkom2010doc.htm
<DESCRIPTION>PT TELEKOMUNIKASI INDONESIA
<TEXT>

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   <A href="#TOC"><U><FONT style="FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD></TR>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=windowtext face="Times New Roman,serif">UNITED STATES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=windowtext face="Times New Roman,serif">SECURITIES AND EXCHANGE COMMISSION</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=windowtext face="Times New Roman,serif">Washington, D.C. 20549</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 18pt" lang=EN-US color=windowtext face="Times New Roman,serif">Form 6-K</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=windowtext face="Times New Roman,serif">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13 a-16 OR 15d-16</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=windowtext face="Times New Roman,serif">UNDER THE SECURITIES EXCHANGE ACT OF 1934</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=windowtext face="Times New Roman,serif">For the month of </FONT></B><B><U><FONT style="FONT-SIZE: 12pt" lang=EN-US color=windowtext face="Times New Roman,serif">March</FONT></U></B><B><FONT style="FONT-SIZE: 12pt" lang=EN-US color=windowtext face="Times New Roman,serif">, 2011</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 14pt" lang=IT color=windowtext face="Times New Roman,serif">Perusahaan Perseroan (Persero)</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 18pt" lang=IT color=windowtext face="Times New Roman,serif">PT Telekomunikasi Indonesia Tbk.</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Exact name of Registrant as specified in its charter)</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 14pt" lang=EN-US color=windowtext face="Times New Roman,serif">Telecommunications Indonesia</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(a state-owned public limited liability company)</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Translation of Registrant&#8217;s name into English)</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">Jalan Japati No. 1 Bandung-40133 INDONESIA</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">(Address of principal executive office)</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">[Indicate by check mark whether the registrant files or will file annual</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"> </FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">reports under cover of Form 20-F or Form 40-F.]</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">Form 20-F </FONT></B><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face=Wingdings>&#254;&nbsp;</FONT></B><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"> &nbsp;</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">Form 40-F&nbsp; </FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face=Wingdings>&#168;&nbsp;</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">[Indicate by check mark whether the registrant by furnishing the information</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"> </FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">contained in this Form is also thereby furnishing the information to the</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"> </FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"> </FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">1934]&nbsp;</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">Yes </FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face=Wingdings>&#168;&nbsp;</FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">No </FONT></B><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face=Wingdings>&#254;&nbsp;</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">[If &#8220;yes&#8221; is marked, indicate below the file number assigned to the registrant</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"> </FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">in connection with</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"> &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">Rule 12g3-2(b): 82-</FONT></B><U><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></U><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif">]&nbsp;</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face="Times New Roman,serif"> &nbsp;</FONT></P>

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   <A href="#TOC"><U><FONT style="FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P></TD></TR></TABLE></DIV>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">SIGNATURES</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">Pursuant to the requirements of the Securities Exchange Act of 1934, the</FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"> </FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">registrant has duly caused this report to be</FONT></B></P>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">signed on behalf by the</FONT></B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif"> </FONT><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">undersigned, thereunto duly authorized.</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face="Times New Roman,serif">Perusahaan Perseroan (Persero)</FONT></B></P>

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=FI color=windowtext face="Times New Roman,serif">PT TELEKOMUNIKASI INDONESIA,TBK</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">(Registrant)</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><U><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">March 31, 2011</FONT></U></B></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" color=windowtext face="Times New Roman,serif">By&nbsp;&nbsp;&nbsp;&nbsp; /s/ Agus Murdiyatno</FONT></B></P></TD>

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   <A href="#Pressrelease"><U><FONT style="FONT-SIZE: 10pt" color=blue face="Times New Roman,serif">Press Release</FONT></U></A></P></TD>

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<A href="#TOC"><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><A name="Pressrelease"></A><B><U><FONT style="FONT-SIZE: 14pt" lang=EN-US color=windowtext face="Times New Roman,serif">PRESS RELEASE</FONT></U></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=windowtext face="Arial Narrow,sans-serif">No. TEL.62/PR.000/COP-A0070000/2011</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">TELKOM TODAY FILED ITS AUDITED CONSOLIDATED</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">&nbsp;FINANCIAL STATEMENTS 2010 AND ANNUAL REPORT 2010 </FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Jakarta, March 31, 2011</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"> &#8211; Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk. ("TELKOM" or the &#8220;Company&#8221;) filed its 2010 Annual Report (which included the audited consolidated&nbsp; financial statement for year 2010) to BAPEPAM (Capital Market Supervisory Agency) and the Stock Exchanges, as well as its Annual Report on Form 20-F to the United States Securities and Exchange Commission. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Copies of the Annual Report with TELKOM's balance sheets and income statements for the audited full year 2010 are attached to this Press Release. For a complete version of all the documents above, please visit www.telkom.co.id.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Our results in general were satisfactory, with consolidated operating revenue up to 1.4% against the previous year. The telecommunications portion of our TIME approach is still the dominant revenue source, but the contribution of the other IME (Information, Media, Edutainment) businesses is growing in line with expectations. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Performance Highlight</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Our data, internet and IT services contributed 28.9% to total revenues in 2010.</FONT></I></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">We experienced strong growth in TELKOMSpeedy, our broadband service, with a 38.0% increase in revenues and a 44.0% in the number of subscribers. </FONT></I></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.5in"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Steady growth in Flexi, our fixed wireless product, brought the total subscriber base to approximately 18.2 million, a net increase of 20.0%.</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">At a time when the overwhelming consumer preference for mobile telephony has led to a slowing in the decline of fixed line revenues, our fixed wireline business managed to outperform expectations by slowing the rate of decline in 2010 to single digits.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Although average revenue per user (&#8220;ARPU&#8221;) declined 30.2% compared to the previous year, Flexi has upheld its position as the dominant player in this market with a market share of some 56.5%. We responded to the decline in the fixed line voice market by investing in technology and diversifying our business portfolio. In 2010, we successfully grew revenues from our broadband, enterprise and IT services. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Telkomsel remained ahead of the competition. Telkomsel leveraged its continuous product innovation, strong brand positioning and an improved network into a 15.1% growth in number of customers on the strength of its key competitive advantage &#8211; the ability to deliver end-to-end service.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">In keeping with our positioning as a TIME provider, we have continued to leverage the value of our infrastructure by developing and selling solutions and applications through our growing portfolio of new wave businesses. TELKOM&#8217;s strong financial position has enabled us to continue to pursue our program of strategic investment to enhance both the capacity and quality of our core network capability and infrastructure. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">A summary of the balance sheet, income statements and operational highlights follows: </FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=white face="Times New Roman,serif">FY /2009</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=white face="Times New Roman,serif">FY / 2010</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=white face="Times New Roman,serif">% Increase</FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" color=white face="Times New Roman,serif">(decrease)</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" color=white face="Times New Roman,serif">(In Billion Rp.)</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">Total Assets</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">97,814</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">99,759</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">1.99</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: silver 1pt solid; BORDER-LEFT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="46%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">Total Liabilities</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">48,229</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">43,343</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">(10.13)</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: silver 1pt solid; BORDER-LEFT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="46%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">Minority Interest</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">10,933</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">11,996</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">9.72</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: silver 1pt solid; BORDER-LEFT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="46%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">Total Equity</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">38,652</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">44,419</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">14.92</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: silver 1pt solid; BORDER-LEFT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="46%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">Operating Revenue</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">67,678</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">68,629</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">1.41</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: silver 1pt solid; BORDER-LEFT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="46%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">Operating Expense</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">44,890</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">46,138</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">2.78</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: silver 1pt solid; BORDER-LEFT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="46%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">Operating Income</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">22,788</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">22,491</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif"><FONT style="FONT-SIZE: 9pt" face="Times New Roman">(</FONT>1.30)</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: silver 1pt solid; BORDER-LEFT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="46%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">Net Income</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">11,399</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">11,537</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">1.21</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: silver 1pt solid; BORDER-LEFT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="46%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">EBITDA</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">36,762</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">37,102</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">0.92</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: silver 1pt solid; BORDER-LEFT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="46%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">EBITDA Margin (%)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">54.3</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">54.1</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">(0.37)</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face="Times New Roman,serif">The Financial Statements are prepared in according with Generally Accepted Accounting Standards in Indonesia</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman,serif"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">
<A href="#TOC"><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=blue face="Times New Roman,serif">Table of Contents</FONT></U></A></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="BORDER-BOTTOM: silver 1pt solid; BORDER-LEFT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #3366ff; BORDER-TOP: silver 1pt solid; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" color=white face="Times New Roman,serif"></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #3366ff; BORDER-TOP: silver 1pt solid; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" color=white face="Times New Roman,serif">Unit</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #3366ff; BORDER-TOP: silver 1pt solid; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" color=white face="Times New Roman,serif">FY /2009</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #3366ff; BORDER-TOP: silver 1pt solid; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" color=white face="Times New Roman,serif">FY /2010</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #3366ff; BORDER-TOP: silver 1pt solid; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="21%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" color=white face="Times New Roman,serif">% Increase</FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" color=white face="Times New Roman,serif">(decrease)</FONT></B></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: silver 1pt solid; BORDER-LEFT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">Line in Service:</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: silver 1pt solid; BORDER-LEFT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">- Wireline</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">Subs (000)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">8,377</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">8,303</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">(0.89)</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: silver 1pt solid; BORDER-LEFT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">- Wireless</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">Subs (000)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">15,139</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">18,161</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">19.96</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: silver 1pt solid; BORDER-LEFT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">Total Fixed Lines</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">Subs (000)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">23,516</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">26,464</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">12.54</FONT></B></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: silver 1pt solid; BORDER-LEFT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">Customer Base Cellular:</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 3.5pt">

   <TD style="BORDER-BOTTOM: silver 1pt solid; BORDER-LEFT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; HEIGHT: 3.5pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">- Postpaid (</FONT><I><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">kartuHALO)&nbsp;</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; HEIGHT: 3.5pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">Subs (000)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; HEIGHT: 3.5pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">2,035</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; HEIGHT: 3.5pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">2,127</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; HEIGHT: 3.5pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">4.54</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: silver 1pt solid; BORDER-LEFT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">- Prepaid (</FONT><I><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">simPATI </FONT></I><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">and </FONT><I><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">Kartu As)</FONT></I></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">Subs (000)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">79,609</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">91,884</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">15.42</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: silver 1pt solid; BORDER-LEFT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">Total Customer Base Cellular</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">Subs (000)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face="Times New Roman,serif"><STRONG>81,644</STRONG></FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face="Times New Roman,serif"><STRONG>94,010</STRONG></FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face="Times New Roman,serif"><STRONG>15.15</STRONG></FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: silver 1pt solid; BORDER-LEFT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">ADSL (Speedy)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">Subs (000)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face="Times New Roman,serif">1,145</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face="Times New Roman,serif">1,649</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face="Times New Roman,serif">44.00</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: silver 1pt solid; BORDER-LEFT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">MOU Cellular</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">Billion minutes</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">130.3</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">128.6</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">(1)</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: silver 1pt solid; BORDER-LEFT: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="30%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">ARPU Cellular/month</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">Rp. &#8216;000 </FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">48</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">42</FONT></P></TD>

   <TD style="BORDER-BOTTOM: silver 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.75pt; PADDING-RIGHT: 5.75pt; BACKGROUND: #99ccff; BORDER-RIGHT: silver 1pt solid; PADDING-TOP: 0in" vAlign=top width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face="Times New Roman,serif">(12)</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="BACKGROUND: white; FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">The Consolidated Statements reflect certain changes imposed by the Financial Accounting Standards Board of the Indonesian Institute of Accountants, effective January 1, 2011. Whereas Interconnection revenue in the Statement of Income was previously presented on a</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"> </FONT><FONT style="BACKGROUND: white; FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">net&nbsp;</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"> </FONT><FONT style="BACKGROUND: white; FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">basis, it is now shown on a gross</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"> </FONT><FONT style="BACKGROUND: white; FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">basis. Interconnection expenses are included as operating expenses. Outgoing Interconnection revenue,</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"> </FONT><FONT style="BACKGROUND: white; FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">which was previously classified as Interconnection revenue, is now</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"> </FONT><FONT style="BACKGROUND: white; FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">presented as Fixed Line and Cellular revenue. The 2009 presentation has been</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif"> </FONT><FONT style="BACKGROUND: white; FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">reclassified to conform to the current treatment.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Reviewing the 2010 results, TELKOM President Director, Rinaldi Firmansyah, stated that: "In 2010, we executed our strategy as planned, delivering solid growth and exceeding our expectations in some strategic sectors. We kept our cost base under control. We have continued to strengthen the foundation for the future growth.&#8221; He also noted that "We are now in a position to realize the benefits of our transformation. We are confident in our capacity for sustained growth and our ability to adapt to the changing landscape in our industry. We now look forward to focusing fully on taking Indonesia forward into this new world of telecommunications, information, media and edutainment.&#8221;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">By&nbsp;&nbsp;&nbsp;&nbsp; /s/ Agus Murdiyatno&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></U></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">AGUS MURDIYATNO</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif">Vice President Investor Relations</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="Times New Roman,serif"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="Times New Roman,serif">For further information, please contact:</FONT></I></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif">PT Telekomunikasi Indonesia, Tbk. (&#8220;TELKOM&#8221;)</FONT></B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext face="Times New Roman,serif"> is the largest telecommunications and network provider in Indonesia. Serving millions of customers nationwide, we provide a strong portfolio of information and communication services, including fixed wireline and fixed wireless telephone, mobile cellular, data and internet, and network and interconnection services, directly or through our subsidiaries. </FONT><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face="Times New Roman,serif">We have broadened our business portfolio to encompass TIME - telecommunications, information, media and edutainment.&nbsp;TELKOM&#8217;s shares are listed in the Indonesian Stock Exchange (IDX: TLKM) and its American Depository Shares are listed in the New York Stock Exchange (NYSE:TLK) and London Stock Exchange (LSE:TKIA)</FONT></P>

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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC"><u><font color=blue face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Table of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:10.0pt;text-align:left;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">&nbsp;</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">PERUSAHAAN
PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">P.T.
TELEKOMUNIKASI INDONESIA Tbk  AND SUBSIDIARIES</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">CONSOLIDATED
BALANCE SHEETS</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">DECEMBER 31,
2009 AND 2010</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">(Figures in
tables are presented in millions of Rupiah and thousands of United States
Dollars)</font></b></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=48% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">2009*</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=33% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">2010</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Rp.</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Rp.</font></b></p>
  </td>
 <td valign=top width=1% style="border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">US$
  (Note 3)</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">ASSETS</font></b></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">CURRENT
  ASSETS</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=16% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Cash and
  cash equivalents</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">7,805,460</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">9,119,849</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">1,012,192</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Temporary
  investments</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">359,507</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">370,433</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">41,114</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Trade
  receivables</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><sup><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><sup><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Related parties - net of
  allowance for doubtful accounts of Rp.93,483 million in 2009 and Rp.151,266
  million in 2010</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">604,768</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">780,043</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">86,575</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Third parties - net of
  allowance for doubtful accounts of Rp.1,180,067 million in 2009 and Rp.1,294,078
  million in 2010</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">3,184,916</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">3,563,666</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">395,523</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Other receivables - net of
  allowance for doubtful accounts of Rp.9,517 million in 2009 and Rp.6,304
  million in 2010</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">128,025</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">90,140</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">10,005</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Inventories - net of allowance
  for obsolescence of Rp.72,174 million in 2009 and Rp.83,286 million in 2010</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">435,244</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">515,536</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">57,218</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Advances
  and prepaid expenses</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">2,496,539</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">3,441,031</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">381,912</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Claims
  for tax refund</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">666,351</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">133,056</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">14,768</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Prepaid
  taxes</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">379,732</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">715,698</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">79,434</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Other
  current assets</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">125,482</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">1,175</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">130</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Total
  Current Assets</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">16,186,024</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">18,730,627</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">2,078,871</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><sup><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><sup><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><sup><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><sup><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><sup><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><sup><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><sup><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><sup><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></sup></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">NON-CURRENT
  ASSETS</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Long-term
  investments - net</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">151,553</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">253,850</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">28,174</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Property, plant and equipment -
  net of accumulated depreciation of Rp.72,716,079 million in 2009 and Rp.83,712,378
  million in 2010</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">76,419,897</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">75,832,408</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">8,416,471</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Prepaid
  pension benefit cost</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">497</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">988</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">110</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Advances
  and other non-current assets</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">2,488,842</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">3,052,695</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">338,812</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Goodwill and other intangible
  assets - net of accumulated amortization of Rp.7,570,659 million in 2009 and
  Rp.9,094,032 million in 2010</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">2,428,280</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">1,784,525</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">198,061</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Escrow
  accounts</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">44,114</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">41,662</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">4,624</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Deferred
  tax assets - net</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">94,953</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">61,692</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">6,847</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:9.0pt;">Total
  Non-current Assets</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:9.0pt;">81,628,136</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:9.0pt;">81,027,820</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:9.0pt;">8,993,099</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=48% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:9.0pt;">TOTAL
  ASSETS</font></b></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:9.0pt;">97,814,160</font></b></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:9.0pt;">99,758,447</font></b></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#C6D9F1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:9.0pt;">11,071,970</font></b></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">* as restated</font></p>





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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC"><u><font color=blue face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Table of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:10.0pt;text-align:left;"><b><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;line-height:115%;">&nbsp;</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">PERUSAHAAN
PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">P.T.
TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">CONSOLIDATED
BALANCE SHEETS </font></b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">(continued)&nbsp;</font></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">DECEMBER 31,
2009 AND 2010</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">(Figures in
tables are presented in millions of Rupiah and thousands of United States
Dollars)</font></b></p>

<p style="margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:-9.0pt;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=38% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">2009*</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=40% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">2010</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=22% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Rp.</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Rp.</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=21% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">US$
  (Note 3)</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">LIABILITIES
  AND STOCKHOLDERS' EQUITY</font></b></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=22% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=21% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">CURRENT
  LIABILITIES</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=22% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=19% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=21% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Trade
  payables</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=19% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=21% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Related
  parties</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">1,759,468</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">1,153,874</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">128,066</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Third parties</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">8,038,586</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">6,356,921</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">705,541</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Other
  payables</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">3,162</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">20,953</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">2,326</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Taxes
  payables</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">1,749,789</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">735,690</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">81,653</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Dividend
  payables</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">405,175</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">255,545</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">28,362</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Accrued
  expenses</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">4,118,994</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">3,409,260</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">378,386</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Unearned
  income</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">2,946,532</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">2,681,483</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">297,612</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Advances from
  customers and suppliers</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">111,356</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">499,705</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">55,461</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Short-term
  bank loans</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">43,850</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">55,831</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">6,197</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:4.55pt;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Current maturities
  of long-term liabilities</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">7,716,213</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">5,303,636</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">588,639</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">Total
  Current Liabilities</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">26,893,125</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">20,472,898</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">2,272,243</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">NON-CURRENT
  LIABILITIES</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=21% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Deferred
  tax liabilities - net</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">3,220,510</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">4,073,814</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">452,144</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Unearned
  income </font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">393,078</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">312,029</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">34,631</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Accrued
  long service awards</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">212,518</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">242,149</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">26,876</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Accrued
  post-retirement health care benefits</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">1,801,776</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">1,050,030</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">116,541</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Accrued
  pension and other post-retirement benefits costs</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">808,317</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">536,990</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">59,599</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Long-term liabilities
  - net of current maturities</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><sup><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><sup><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><sup><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Obligations
  under finance leases</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">541,575</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">408,867</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">45,379</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Two-step loans
  - related party</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">3,094,110</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">2,741,303</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">304,251</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Bonds and
  notes</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">68,777</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">3,249,379</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">360,641</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Bank loans</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">11,086,688</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">10,256,205</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">1,138,313</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Deferred
  consideration for business </font><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">combinations&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">108,079</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">Total
  Non-current Liabilities</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">21,335,428</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">22,870,766</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">2,538,375</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">TOTAL
  LIABILITIES</font></b></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">48,228,553</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">43,343,664</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">4,810,618</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=FR style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=38% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">MINORITY
  INTEREST</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">10,933,347</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">11,996,041</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">1,331,414</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">* as restated</font></p>

<p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=left style="margin:0in;margin-bottom:.0001pt;text-align:left;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></b></p>









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</DIV>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC"><u><font color=blue face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Table of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:10.0pt;text-align:left;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">&nbsp;</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">PERUSAHAAN
PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">P.T.
TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">CONSOLIDATED
BALANCE SHEETS </font></b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">(continued)&nbsp;</font></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">DECEMBER 31,
2009 AND 2010</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">(Figures in tables
are presented in millions of Rupiah and thousands of United States Dollars)</font></b></p>

<p style="margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:-9.0pt;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=36% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">2009<sup>*</sup></font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=top width=45% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">2010</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Rp.</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=22% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Rp.</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=22% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">US$
  (Note 3)</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">STOCKHOLDERS'
  EQUITY</font></b></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=17% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=22% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=22% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0pt;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Capital stock
  - Rp.250 par value per Series A Dwiwarna share and Series B share </font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><sup><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><sup><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><sup><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Authorized - 1
  Series A Dwiwarna share and 79,999,999,999 Series B shares</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Issued and
  fully paid - 1 Series A Dwiwarna share and 20,159,999,279 Series B shares</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">5,040,000</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">5,040,000</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">559,379</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Additional
  paid-in capital</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">1,073,333</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">1,073,333</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">119,127</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Treasury stock
  &#8211; 490,574,500 shares in 2009 and 2010</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">(4,264,073</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">(4,264,073</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">(473,260</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Difference in
  value arising from restructuring transactions and other transactions between
  entities under common control</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">478,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">478,000</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">53,052</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Difference due
  to change of equity in associated companies</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">385,595</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">385,595</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">42,796</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Unrealized
  holding gain from available-for-sale securities</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">18,136</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">49,695</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">5,516</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Translation
  adjustment</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">230,995</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">233,378</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">25,902</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Difference due
  to acquisition of minority interest in subsidiaries</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">(439,444</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=22% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">(484,629</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">)</font></p>
  </td>
 <td valign=bottom width=22% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">(53,788</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Retained
  earnings </font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><sup><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><sup><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><sup><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Appropriated</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">15,336,746</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">15,336,746</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">1,702,192</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Unappropriated</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">20,792,972</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">26,570,697</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">2,949,022</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">Total
  Stockholders' Equity</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">38,652,260</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">44,418,742</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">4,929,938</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=36% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">TOTAL
  LIABILITIES AND STOCKHOLDERS' EQUITY</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">97,814,160</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">99,758,447</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=22% style="border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">11,071,970</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:10.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin-bottom:0in;margin-left:13.5pt;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:-13.5pt;"><sup><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></sup></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">* as restated</font></p>

<p style="margin-bottom:0in;margin-left:13.5pt;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:-13.5pt;"><sup><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></sup></p>





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<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=white style="mso-themecolor:background1;"><font color=white face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">F-</font></font><font color=white style="mso-themecolor:background1;"><font color=white face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">4</font></font><font color=white style="mso-themecolor:background1;">&nbsp;</font></p>





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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_9"></a><a name="_bclPageBorder9"></a><DIV STYLE="WIDTH: 100%; PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><a href="#TOC"><u><font color=blue face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Table of Contents</font></u></a></p>

<p align=left style="margin:0in;margin-bottom:10.0pt;text-align:left;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">&nbsp;</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">PERUSAHAAN
PERSEROAN (PERSERO)</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">P.T.
TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">CONSOLIDATED
STATEMENTS OF INCOME</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">YEARS ENDED
DECEMBER 31, 2008, 2009 AND 2010</font></b></p>

<p align=center style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">(Figures in
tables are presented in millions of Rupiah and thousands of United States
Dollars, except per share and per ADS data)</font></b></p>

<p style="margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:-9.0pt;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td valign=top width=43% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:30.0pt;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">2008*</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">2009*</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=29% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:2.0pt;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">2010</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:19.0pt;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Rp.</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:-9.0pt;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Rp.</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:9.0pt;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:-9.0pt;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Rp.</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:.55pt;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:-.55pt;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">US$
  (Note 3)</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">OPERATING
  REVENUES</font></b></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=center style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:center;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=15% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Telephone</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.5in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Fixed
  lines</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">16,708,647</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">14,286,212</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">12,940,007</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">1,436,183</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.5in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Cellular</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">26,529,098</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">28,532,530</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">29,133,595</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">3,233,473</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.75in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.5in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Interconnection</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">4,362,566</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">3,866,642</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">3,735,376</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">414,581</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Data,
  internet and information technology services</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">14,768,183</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">18,511,587</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">19,801,097</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">2,197,680</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.75in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.5in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Network</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">1,079,475</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">1,218,013</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">1,058,159</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">117,443</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.75in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.5in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Other
  telecommunications services</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">718,460</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">1,262,534</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">1,960,947</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">217,641</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.75in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.5in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Total
  Operating Revenues</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">64,166,429</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">67,677,518</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">68,629,181</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">7,617,001</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">OPERATING
  EXPENSES</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Depreciation
  and amortization</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">12,332,076</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">13,974,804</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">14,611,458</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">1,621,694</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Personnel</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">9,116,634</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">8,533,157</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">7,516,470</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">834,236</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Operations,
  maintenance and telecommunication services</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">12,301,277</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">14,549,413</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">16,046,414</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">1,780,956</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">General and
  administrative</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">2,366,185</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">2,643,788</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">2,352,146</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">261,059</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Interconnection</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">3,263,560</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">2,929,260</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">3,086,355</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">342,548</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Marketing</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">2,349,729</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">2,259,460</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">2,525,218</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">280,268</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Total
  Operating Expenses</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">41,729,461</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">44,889,882</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">46,138,061</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">5,120,761</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">OPERATING
  INCOME</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">22,436,968</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">22,787,636
  </font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">22,491,120</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">2,496,240</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">OTHER
  (EXPENSES) INCOME</font></b></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Interest
  income</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">671,834</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">462,169</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">421,354</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">46,765</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Equity
  in net (loss) income of associated companies</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">20,471</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(29,715</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(13,622</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(1,512</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Interest
  expense</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(1,641,285</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(2,095,978</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(1,928,035</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(213,988</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Gain
  (loss) on foreign exchange - net</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(1,613,759</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">972,947</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">42,948</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">4,767</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Others
  - net</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">524,742</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">349,962</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">402,586
  </font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">44,682</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Other
  expenses - net</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(2,037,997</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(340,615</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(1,074,769</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(119,286</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">INCOME
  BEFORE TAX</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">20,398,971</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">22,447,021</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">21,416,351</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">2,376,954</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">TAX
  (EXPENSE) BENEFIT</font></b></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Current</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(5,823,558</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(6,029,701</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(4,669,394</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(518,246</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Deferred</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">150,016</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(374,422
  </font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(876,645
  </font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% style="background:#C6D9F1;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(97,297</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(5,673,542</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(6,404,123</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(5,546,039</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(615,543</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">INCOME
  BEFORE MINORITY INTEREST IN NET INCOME OF CONSOLIDATED SUBSIDIARIES</font></b></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">14,725,429</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">16,042,898</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">15,870,312</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">1,761,411</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">MINORITY
  INTEREST IN NET INCOME OF CONSOLIDATED SUBSIDIARIES - net</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(4,053,643</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></b></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(4,644,072</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></b></p>
  </td>
 <td valign=bottom width=14% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(4,333,313</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></b></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(480,945</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">)</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">NET
  INCOME</font></b></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">10,671,786</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">11,398,826
  </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">11,536,999</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#C6D9F1;border-bottom:double windowtext 2pt;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">1,280,466</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">BASIC
  EARNINGS PER SHARE</font></b></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:justify;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><b><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Net
  income per share</font></p>
  </td>
 <td valign=top width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">540.38</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">579.52</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">586.54</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">0.07</font></p>
  </td>
 <td valign=bottom width=1% style="background:#C6D9F1;padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=43% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:-.25in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">Net
  income per ADS </font></p>
  <p align=left style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">(40
  Series B shares per ADS)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">21,615.20</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">23,180.80</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">23,461.60</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="padding:0in 0in 0in 0in;">
  <p align=right style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:right;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">2.80</font></p>
  </td>
 <td valign=bottom width=1% style="padding:0in 0in 0in 0in;">
  <p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p align=left style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;punctuation-wrap:simple;text-align:left;text-indent:0in;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">* as restated</font></p>

<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>



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