UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13 a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of                     June                    , 20 06

Perusahaan Perseroan (Persero)
PT TELEKOMUNIKASI INDONESIA

(Translation of registrant’s name into English)

Jalan Japati No. 1 Bandung-40133 INDONESIA

(Address of principal executive office)

[Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F     Form 20-F þ     Form 40-F o

[Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934                    Yes o     No þ

[If “yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

TABLE OF CONTENTS

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf by the undersigned, thereunto duly authorized.

		Perusahaan Perseroan (Persero) PT TELEKOMUNIKASI INDONESIA
		(Registrant)
Date	June 8, 2006	By:	/s/ Hartono
			(Signature)     Hartono Acting Vice President Investor Relation & Corporate Secretary

PRESS RELEASE

No. TEL.255/PR000/COM-00/2006

TELKOM FILED ITS YEAR END 2005 AUDITED RESULT TO BAPEPAM

Jakarta, June 8, 2005 — Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk. (“TELKOM” or the “Company”) filed its audited consolidated year end 2005 to BAPEPAM (Capital Market Supervisory Agency) and the Stock Exchanges.

Copies of both balance sheets and income statements are attached to this Press Release.

TELKOM is the principal provider of fixed-line services in Indonesia. TELKOM’s majority-owned subsidiary Telkomsel is also the largest Indonesian mobile cellular operator, as measured by subscribers and revenues. The Company also provides a wide range of other telecommunications services including interconnection, network, data and internet services, and other telecommunications services. TELKOM’s shares are listed in the Jakarta and Surabaya Stock Exchange (JSX/SSX: TLKM) and its American depository Shares are listed in the New York Stock Exchange (NYSE:TLK) and London Stock Exchange (LSE:TKIA)
 
 
 

HARTONO

Acting VP Investor Relations and Corporate Secretary

For further information, please contact:

Investor Relations Unit
PT TELEKOMUNIKASI INDONESIA, Tbk
Tel: 62-21-5215109
Fax: 61-21-5220500
Email: investor@telkom.co.id
Website: www.telkom-indonesia.com

PERUSAHAAN PERSEROAN (PERSERO)
P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS
AS OF DECEMBER 31, 2004 AND 2005
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars)

			2004		2005
	Notes		Rp		Rp		US$ (Note 3)
			(As restated)
ASSETS
CURRENT ASSETS
Cash and cash equivalents		2c,2f,6,45		4,856,123		5,374,684		546,763
Temporary investments		2c,2g,45		19,949		22,064		2,245
Trade accounts receivable		2c,2h,7,45
Related parties — net of allowance for doubtful accounts of Rp64,928 million in 2004 and Rp84,275 million in 2005				419,104		530,370		53,954
Third parties — net of allowance for doubtful accounts of Rp457,138 million in 2004 and Rp601,393 million in 2005				2,899,999		3,047,539		310,024
Other accounts receivable — net of allowance for doubtful accounts of Rp9,236 million in 2004 and Rp4,402 million in 2005		2c,2h,45		55,769		153,247		15,589
Inventories — net of allowance for obsolescence of Rp54,733 million in 2004 and Rp48,347 million in 2005		2i,8		203,085		220,327		22,413
Prepaid expenses		2c,2j,9,45		628,069		777,869		79,132
Prepaid taxes		39a		77,228		18,913		1,924
Other current assets		2c,10,45		44,608		159,537		16,230
Total Current Assets				9,203,934		10,304,550		1,048,274
NON-CURRENT ASSETS
Long-term investments — net		2g,11		82,613		101,400		10,315
Property, plant and equipment — net of accumulated depreciation of Rp29,297,163 million in 2004 and Rp37,092,663 million in 2005		2k,2l,12		39,572,099		45,643,243		4,643,260
Property, plant and equipment under revenue-sharing arrangements — net of accumulated depreciation of Rp694,570 million in 2004 and Rp458,234 million in 2005		2m,13,48		499,127		549,405		55,891
Prepaid pension benefit costs		2q,42		1,362		640		65
Advances and other non-current assets		2c,14,45		1,372,351		946,037		96,240
Goodwill and other intangible assets — net of accumulated amortization of Rp1,846,034 million in 2004 and Rp2,764,187 million in 2005		1c,2d,15		5,411,425		4,493,272		457,098
Escrow accounts		16,45		36,281		132,497		13,479
Total Non-current Assets				46,975,258		51,866,494		5,276,348
TOTAL ASSETS				56,179,192		62,171,044		6,324,622

See accompanying notes to consolidated financial statements, which form an integral part of
the consolidated financial statements.

PERUSAHAAN PERSEROAN (PERSERO)
P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS (continued)
AS OF DECEMBER 31, 2004 AND 2005
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars)

			2004			2005
	Notes		Rp			Rp			US$ (Note 3)
			(As restated)
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Trade accounts payable		2c,17,45
Related parties				643,094			1,014,389			103,193
Third parties				3,611,456			4,281,285			435,533
Other accounts payable				5,073			6,677			679
Taxes payable		2r,39b		1,592,479			2,469,765			251,248
Dividends payable				62,689			3,276			333
Accrued expenses		2c,18,45		1,051,366			1,521,247			154,756
Unearned income		19		1,030,000			1,592,718			162,026
Advances from customers and suppliers				278,430			223,086			22,694
Short-term bank loans		2c,20,45		1,101,633			173,800			17,681
Current maturities of long-term liabilities		2c,21,45		2,300,822			2,226,925			226,544
Total Current Liabilities				11,677,042			13,513,168			1,374,687
NON-CURRENT LIABILITIES
Deferred tax liabilities — net		2r,39e		2,927,567			2,391,810			243,317
Unearned income on revenue-sharing arrangements		2m,13,48		360,332			425,484			43,284
Unearned initial investor payments under joint operation scheme		2n,47		20,453			7,311			744
Accrued long service awards		2c,2q,43,45		449,841			524,524			53,360
Accrued post-retirement health care benefits		2c,2q,44,45		2,983,707			3,048,021			310,073
Accrued pension and other post-retirement benefit costs		42		1,479,918			1,330,664			135,368
Long-term liabilities — net of current maturities
Two-step loans — related party		2c,22,45		5,363,283			4,760,199			484,252
Notes and bonds		23		2,331,465			1,456,669			148,186
Bank loans		2c,24,45		1,775,799			1,752,104			178,240
Liabilities of business acquisitions		25		3,743,317			3,127,959			318,205
Obligations under capital leases		2l,12		—			235,537			23,961
Total Non-current Liabilities				21,435,682			19,060,282			1,938,990
MINORITY INTEREST		26		4,938,432			6,305,193			641,423
STOCKHOLDERS’ EQUITY
Capital stock — Rp250 par value per Series A Dwiwarna share and Series B share
Authorized — one Series A Dwiwarna share and 79,999,999,999 Series B shares
Issued and fully paid — one Series A Dwiwarna share and 20,159,999,279 Series B shares		1b,27		5,040,000			5,040,000			512,716
Additional paid-in capital		28		1,073,333			1,073,333			109,190
Difference in value of restructuring transactions between entities under common control		29		(7,288,271	)		90,000			9,156
Difference due to change of equity in associated companies		2g		385,595			385,595			39,226
Unrealized holding gain (loss) on available-for-sale securities		2g		884			(748	)		(76	)
Translation adjustment		2g		229,595			233,253			23,729
Retained earnings
Appropriated				1,680,813			1,803,397			183,458
Unappropriated				17,006,087			14,667,571			1,492,123
Total Stockholders’ Equity				18,128,036			23,292,401			2,369,522
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY				56,179,192			62,171,044			6,324,622

See accompanying notes to consolidated financial statements, which form an integral part of
the consolidated financial statements.

PERUSAHAAN PERSEROAN (PERSERO)
P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME
FOR THE YEARS ENDED DECEMBER 31, 2004 AND 2005
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars, except per share and per ADS data)

			2004			2005
	Notes		Rp			Rp			US$ (Note 3)
			(As restated)
OPERATING REVENUES
Telephone		2p,30
Fixed lines				10,645,021			10,781,252			1,096,770
Cellular				10,421,298			14,570,958			1,482,295
Interconnection		2p,31,45		6,187,981			7,742,084			787,598
Joint operation schemes		2n,32,47		656,614			588,647			59,883
Data and Internet		33		4,808,742			6,934,324			705,425
Network		34		654,309			586,636			59,678
Revenue-sharing arrangements		2m,35,48		280,576			302,282			30,751
Other telecommunications services				293,225			301,001			30,620
Total Operating Revenues				33,947,766			41,807,184			4,253,020
OPERATING EXPENSES
Personnel		36		4,909,965			6,563,047			667,655
Depreciation		2k,2l,2m,12,13		6,438,557			7,570,739			770,167
Write-down of assets		2k,12		—			616,768			62,743
Loss on procurement commitments		12		—			79,359			8,073
Operations, maintenance and telecommunication services		37		4,529,587			5,916,341			601,866
General and administrative		38		2,599,847			2,763,951			281,175
Marketing				881,930			1,126,229			114,571
Total Operating Expenses				19,359,886			24,636,434			2,506,250
OPERATING INCOME				14,587,880			17,170,750			1,746,770
OTHER INCOME (EXPENSES)
Interest income		45		317,941			344,686			35,065
Interest expense		45		(1,270,136	)		(1,177,268	)		(119,763	)
Loss on foreign exchange — net		2e		(1,220,760	)		(516,807	)		(52,574	)
Equity in net income of associated companies		2g,11		3,420			10,879			1,107
Others — net				331,050			409,184			41,626
Other income (expenses) — net				(1,838,485	)		(929,326	)		(94,539	)
INCOME BEFORE TAX				12,749,395			16,241,424			1,652,231
TAX EXPENSE		2r,39c
Current tax				(4,267,111	)		(5,719,644	)		(581,856	)
Deferred tax				88,585			535,757			54,502
				(4,178,526	)		(5,183,887	)		(527,354	)
INCOME BEFORE MINORITY INTEREST IN NET INCOME OF SUBSIDIARIES				8,570,869			11,057,537			1,124,877
MINORITY INTEREST IN NET INCOME OF SUBSIDIARIES, net		26		(1,956,301	)		(3,063,971	)		(311,696	)
NET INCOME				6,614,568			7,993,566			813,181
BASIC EARNINGS PER SHARE		2s,40
Net income per share				328.10			396.51			0.04
Net income per ADS (40 Series B shares per ADS)				13,124.14			15,860.25			1.61

See accompanying notes to consolidated financial statements, which form an integral part of
the consolidated financial statements.

PERUSAHAAN PERSEROAN (PERSERO)
P.T.TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
FOR THE YEARS ENDED DECEMBER 31, 2004 AND 2005
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars)

							Difference in
							Value of
							Restructuring			Difference
							Transactions			Due to Change		Unrealized
					Additional		Between Entities			of Equity		Holding Gain									Total
			Capital		Paid-in		Under Common			in Associated		on Available-for-Sale		Translation		Retained Earnings					Stockholders’
Description	Notes		Stock		Capital		Control			Companies		Securities		Adjustment		Appropriated		Unappropriated			Equity
			Rp		Rp		Rp			Rp		Rp		Rp		Rp		Rp			Rp
Balance as of January 1, 2004				5,040,000		1,073,333		(7,288,271	)		385,595		—		224,232		1,559,068		16,318,920			17,312,877
Cumulative effect due to change in method of accounting for employee benefits, net of tax effect of Rp600,059 million		2q,4		—		—		—			—		—		—		—		(2,618,665	)		(2,618,665	)
Balance as of January 1, 2004, as restated				5,040,000		1,073,333		(7,288,271	)		385,595		—		224,232		1,559,068		13,700,255			14,694,212
Unrealized holding gain on available-for-sale securities		2g		—		—		—			—		884		—		—		—			884
Foreign currency translation of CSM		2g,11		—		—		—			—		—		5,363		—		—			5,363
Resolved during the Annual General Meeting of the Stockholders on July 30, 2004
Declaration of cash dividends		41		—		—		—			—		—		—		—		(3,043,614	)		(3,043,614	)
Appropriation for general reserve		41		—		—		—			—		—		—		121,745		(121,745	)		—
Declaration of interim cash dividends				—		—		—			—		—		—		—		(143,377	)		(143,377	)
Net income for the year				—		—		—			—		—		—		—		6,614,568			6,614,568
Balance as of December 31, 2004, as restated				5,040,000		1,073,333		(7,288,271	)		385,595		884		229,595		1,680,813		17,006,087			18,128,036

See accompanying notes to consolidated financial statements, which form an integral part of the
consolidated financial statements.

PERUSAHAAN PERSEROAN (PERSERO)
P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (continued)
FOR THE YEARS ENDED DECEMBER 31, 2004 AND 2005
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars)

							Difference in
							Value of
							Restructuring			Difference
							Transactions			Due to Change		Unrealized
					Additional		Between Entities			of Equity		Holding Gain (Loss)										Total
			Capital		Paid-in		Under Common			in Associated		on Available-for-Sale			Translation		Retained Earnings					Stockholders’
Description	Notes		Stock		Capital		Control			Companies		Securities			Adjustment		Appropriated		Unappropriated			Equity
			Rp		Rp		Rp			Rp		Rp			Rp		Rp		Rp			Rp
Balance as of January 1, 2005, as restated				5,040,000		1,073,333		(7,288,271	)		385,595		884			229,595		1,680,813		17,006,087			18,128,036
Change in method of accounting for restructuring transactions between entities under common control		4		—		—		7,288,271			—		—			—		—		(7,288,271	)		—
Unrealized holding loss on available-for-sale securities		2g		—		—		—			—		(1,632	)		—		—		—			(1,632	)
Foreign currency translation of CSM		2g,11		—		—		—			—		—			3,658		—		—			3,658
Compensation for early termination of exclusive rights		29		—		—		90,000			—		—			—		—		—			90,000
Resolved during the Annual General Meeting of the Stockholders on June 24, 2005
Declaration of cash dividends		41		—		—		—			—		—			—		—		(2,921,227	)		(2,921,227	)
Appropriation for general reserve		41		—		—		—			—		—			—		122,584		(122,584	)		—
Net income for the year				—		—		—			—		—			—		—		7,993,566			7,993,566
Balance as of December 31, 2005				5,040,000		1,073,333		90,000			385,595		(748	)		233,253		1,803,397		14,667,571			23,292,401

See accompanying notes to consolidated financial statements, which form an integral part of the
consolidated financial statements.

PERUSAHAAN PERSEROAN (PERSERO)
P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2004 AND 2005
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars)

	2004			2005
	Rp			Rp			US$ (Note 3)
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts from operating revenues
Telephone
Fixed lines		10,084,558			10,668,915			1,085,342
Cellular		10,497,763			14,825,437			1,508,183
Interconnection — net		5,766,444			7,403,322			753,136
Joint operation schemes		547,487			614,652			62,528
Data and Internet		4,973,559			6,952,323			707,256
Other services		1,689,941			1,445,668			147,067
Total cash receipts from operating revenues		33,559,752			41,910,317			4,263,512
Cash payments for operating expenses		(12,270,643	)		(14,954,742	)		(1,521,337	)
Cash generated from operations		21,289,109			26,955,575			2,742,175
Interest received		321,677			341,848			34,776
Income tax paid		(4,132,359	)		(4,938,916	)		(502,433	)
Interest paid		(1,348,919	)		(1,200,484	)		(122,125	)
Cash refund to customers and advances		(78,028	)		(55,343	)		(5,630	)
Net Cash Provided by Operating Activities		16,051,480			21,102,680			2,146,763
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sale of temporary investments and maturity of time deposits		285,264			227,633			23,157
Purchase of temporary investments and placements in time deposits		(404,268	)		(226,054	)		(22,996	)
Proceeds from sale of property, plant and equipment		67,196			84,621			8,608
Proceeds from insurance claim		—			27,580			2,806
Acquisition of property, plant and equipment		(8,568,862	)		(12,106,930	)		(1,231,631	)
Payment of advances for the purchase of property, plant and equipment		(1,063,382	)		(212,187	)		(21,586	)
Decrease in advances and others		123,026			874			89
Acquisition of businesses, net of cash acquired		(27,797	)		(4,000	)		(407	)
Acquisition of long-term investments		(9,290	)		(4,250	)		(432	)
Net Cash Used in Investing Activities		(9,598,113	)		(12,212,713	)		(1,242,392	)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash dividends paid		(3,129,225	)		(2,980,640	)		(303,219	)
Cash dividends paid to minority shareholders of subsidiaries		(682,366	)		(1,694,261	)		(172,356	)
Increase in escrow accounts		(1,341,546	)		(96,216	)		(9,788	)
Proceeds from (repayments of) short-term borrowings		1,062,183			(994,709	)		(101,191	)
Payments for debt issuance cost		(2,394	)		—			—
Proceeds from Medium-term Notes		1,080,000			—			—
Repayments of Medium-term Notes		—			(470,000	)		(47,813	)
Redemption of Telkomsel’s notes		(504,101	)		(780,565	)		(79,406	)
Proceeds from long-term borrowings		2,386,748			569,995			57,985
Repayments of long-term borrowings		(5,734,156	)		(1,723,126	)		(175,293	)
Repayments of promissory notes		(40,008	)		(164,186	)		(16,703	)
Repayments of obligations under capital leases		—			(5,643	)		(574	)
Net Cash Used in Financing Activities		(6,904,865	)		(8,339,351	)		(848,358	)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS		(451,498	)		550,616			56,013
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		213,149			(32,055	)		(3,261	)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR		5,094,472			4,856,123			494,011
CASH AND CASH EQUIVALENTS AT END OF YEAR		4,856,123			5,374,684			546,763

See accompanying notes to consolidated financial statements, which form an integral part of
the consolidated financial statements.

PERUSAHAAN PERSEROAN (PERSERO)
P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)
FOR THE YEARS ENDED DECEMBER 31, 2004 AND 2005
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars)

	2004		2005
	Rp		Rp		US$ (Note 3)
SUPPLEMENTAL CASH FLOW INFORMATION
Noncash investing and financing activities:
Payment of insurance premium through the incurrence of long-term debt		11,658		—		—
Acquisition of minority interest through the issuance of Promissory Notes		126,692		—		—
Acquisition of business through the incurrence of long-term liability		3,257,566		—		—
Acquisition of property, plant and equipment through capital leases		—		257,380		26,183

See accompanying notes to consolidated financial statements which are an integral part of
the consolidated financial statements.