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                     May                                                              , 20 09

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): 82-    ]

Enclosure: 2007 Annual Report of Perusahaan Perseroan (Persero) PT TELEKOMUNIKASI INDONESIA

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	May 11, 2009	By		/s/ Heri Supriadi
			(Signature)
				Heri Supriadi VP Investor Relations/ Corporate Secretary

PRESS RELEASE

No. TEL.60/PR000/COM-10/2009

TELKOM TODAY SIMULTANEOUSLY FILED ITS ANNUAL REPORT 2008 AND ITS FIRST QUARTER UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS 2009

Jakarta, May 11, 2009 — Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk. (“TELKOM” or the “Company”) filed its Annual Report 2008 (which include the audited consolidated financial statement for year 2008) and its un-audited consolidated first quarter 2009 financial statements 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.

TELKOM’s President Director, Rinaldi Firmansyah stated that: “During Q1 2009, we maintained a good operational performance as we did in 2008, whereas ADSL (Speedy)’s subscribers increased by 144.8% from 292 thousand in Q1/2008 to 716 thousand subscribers (excluding those education and trial phase) in Q1/2009. Fixed wireless’ subscribers increased by 99.4% from 6.7 million subscribers to 13.4 million, while cellular’s subscribers increased by 40.5% as compared Q1/2008 from 51.3 million subscribers to 72.1 million subscribers.”

Rinaldi Firmansyah added: “However, our financial results were affected by the decrease in tariffs and loss of foreign exchange compared to the same period last year. It is still premature to judge all external factors impacting TELKOM’s performance in Q1 2009”

Complete Copies of both balance sheets and income statements for the audited full year 2008 and first quarter 2009 are attached to this Press Release. For complete version of all the documents above, please visit www.telkom-indonesia.com.

HERI SUPRIADI

Acting Vice President Investor Relations/Corporate Secretary

For further information, please contact:

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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk. (“TELKOM” or the “Company”) is the biggest full service and network provider 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 telecommunication services including interconnection, network, data and internet services, and other telecommunications services. TELKOM’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)

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

CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2007 AND 2008
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars)

		2007		2008
	Notes	Rp.		Rp.		US$
ASSETS
CURRENT ASSETS
Cash and cash equivalents	2c,2e,5,45		10,140,791		6,889,945		632,105
Temporary investments	2c,2f,45		159,504		267,044		24,499
Trade receivables	2c,2g,6,38,45
Related parties — net of allowance for doubtful accounts of Rp.69,521 million in 2007 and Rp.81,196 million in 2008			449,085		544,974		49,998
Third parties — net of allowance for doubtful accounts of Rp.1,030,935 million in 2007 and Rp.1,122,709 million in 2008			2,912,403		2,964,795		272,000
Other receivables — net of allowance for doubtful accounts of Rp.10,982 million in 2007 and Rp.9,194 million in 2008	2c,2g,45		150,508		108,874		9,988
Inventories — net of allowance for obsolescence of Rp.54,701 million in 2007 and Rp.64,849 million in 2008	2h,7,38		211,441		511,950		46,968
Prepaid expenses	2c,2i,8,45		1,407,410		1,875,773		172,089
Claims for tax refund	39,55		408,011		569,954		52,289
Prepaid taxes	39,55		60,222		805,594		73,908
Other current assets	2c,9,45		78,720		83,407		7,652
Total Current Assets			15,978,095		14,622,310		1,341,496
NON-CURRENT ASSETS
Long-term investments — net	2f,10		113,990		169,253		15,528
Property, plant and equipment — net of accumulated depreciation of Rp.54,005,834 million in 2007 and	2k,2l,4,11,
Rp.61,917,333 million in 2008	19,20,23,55		60,075,808		70,589,590		6,476,109
Property, plant and equipment under Revenue-Sharing Arrangements — net of accumulated depreciation of Rp.502,563 million in 2007 and Rp.249,707 million in 2008	2m,12,35,48		705,091		476,654		43,730
Prepaid pension benefit cost	2i,2r,42		398		97		9
Advances and other non-current assets	2c,2k,2o,13,
	29,45,50		1,408,764		2,159,688		198,137
Goodwill and other intangible assets — net of accumulated amortization of Rp.5,080,694 million in 2007 and Rp.6,324,335 million in 2008	2d,2j,4,14,38,55		3,775,212		3,187,808		292,459
Escrow accounts	2c,15,45		1,402		50,850		4,665
Total Non-current Assets			66,080,665		76,633,940		7,030,637
TOTAL ASSETS			82,058,760		91,256,250		8,372,133

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

1

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

CONSOLIDATED BALANCE SHEETS (continued)
DECEMBER 31, 2007 AND 2008
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars)

		2007		2008
	Notes	Rp.		Rp.		US$
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Trade payables	2c,16,45
Related parties			942,912		1,376,146		126,252
Third parties			5,962,022		10,793,238		990,205
Other payables			16,679		11,959		1,097
Taxes payable	2s,39		3,052,149		739,688		67,861
Accrued expenses	2c,17,36,42,45		2,741,076		4,093,632		375,563
Unearned income	2q,18		2,413,952		2,742,123		251,571
Advances from customers and suppliers			141,361		141,132		12,948
Short-term bank loans	2c,19,45		573,669		46,000		4,220
Current maturities of long-term liabilities	2c,2l,20,45		4,830,809		7,054,233		647,177
Total Current Liabilities			20,674,629		26,998,151		2,476,894
NON-CURRENT LIABILITIES
Deferred tax liabilities — net	2s,39		3,034,100		2,904,873		266,502
Unearned income on Revenue-Sharing Arrangements	2m,12,48		503,385		299,324		27,461
Accrued long service awards	2c,2r,43,45		74,520		102,633		9,416
Accrued post-retirement health care benefits	2c,2r,44,45		2,768,923		2,570,720		235,846
Accrued pension and other post- retirement benefits costs	2c,2r,42,45		1,354,543		1,141,798		104,752
Long-term liabilities — net of current maturities
Obligations under finance leases	2l,11,20		201,994		337,780		30,989
Two-step loans — related party	2c,20,21,45		3,727,884		3,949,431		362,333
Bank loans	2c,20,23,45		4,165,168		7,495,144		687,628
Deferred consideration for business combinations	20,24		2,500,273		1,458,545		133,811
Total Non-current Liabilities			18,330,790		20,260,248		1,858,738
MINORITY INTEREST	25		9,304,762		9,683,780		888,420

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

2

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

CONSOLIDATED BALANCE SHEETS (continued)
DECEMBER 31, 2007 AND 2008
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars)

		2007			2008
	Notes	Rp.			Rp.			US$
STOCKHOLDERS’ EQUITY
Capital stock — Rp.250 par value per Series A Dwiwarna share and Series B share
Authorized — 1 Series A Dwiwarna share and 79,999,999,999 Series B shares
Issued and fully paid — 1 Series A Dwiwarna share and 20,159,999,279 Series B shares	1c,26		5,040,000			5,040,000			462,385
Additional paid-in capital	2u,27		1,073,333			1,073,333			98,471
Treasury stock — 244,740,500 shares in 2007 and 490,574,500 shares in 2008	2u,28		(2,176,611	)		(4,264,073	)		(391,199	)
Difference in value arising from restructuring transactions and other transactions between entities under common control	2d,29		270,000			360,000			33,028
Difference due to change of equity in associated companies	2f		385,595			385,595			35,376
Unrealized holding (loss) gain from available-for-sale securities	2f		11,237			(19,066	)		(1,749	)
Translation adjustment	2f		230,017			238,319			21,864
Retained earnings
Appropriated			6,700,879			10,557,985			968,623
Unappropriated			22,214,129			20,941,978			1,921,282
Total Stockholders’ Equity			33,748,579			34,314,071			3,148,081
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY			82,058,760			91,256,250			8,372,133

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

3

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

CONSOLIDATED STATEMENTS OF INCOME
YEARS ENDED DECEMBER 31, 2006, 2007 AND 2008
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars,
except per share and per ADS data)

		2006			2007			2008
	Notes	Rp.			Rp.			Rp.			US$
OPERATING REVENUES
Telephone	2q,30
Fixed lines			10,979,033			11,001,211			9,730,257			892,684
Cellular			20,622,647			22,638,065			25,332,028			2,324,039
Interconnection	2c,2q,31,45
Revenues			11,793,805			12,705,911			12,054,314			1,105,900
Expenses			(3,112,344	)		(3,054,604	)		(3,263,560	)		(299,409	)
Net			8,681,461			9,651,307			8,790,754			806,491
Data, internet and information technology services	2q,33		9,065,187			14,684,135			14,712,758			1,349,794
Joint Operation Schemes	2n,32,47		489,414			—			—			—
Network	2c,2q,34,45		718,738			707,374			1,079,475			99,034
Revenue-Sharing Arrangements	2m,12,35,48		415,477			427,978			326,052			29,913
Other telecommunications services	2q		322,051			329,941			718,460			65,914
Total Operating Revenues			51,294,008			59,440,011			60,689,784			5,567,869
OPERATING EXPENSES
Depreciation	2k,2l,2m,11,12,13,55		9,094,187			9,440,476			11,069,575			1,015,557
Personnel	2c,2r,17,36,42,43,44,45		8,513,765			8,494,890			9,116,634			836,388
Operations, maintenance and telecommunication services	2c,2q,37,45		7,495,728			9,590,596			12,217,685			1,120,889
General and administrative	2g,2h,2q,6,7,14,38,55		3,355,583			3,672,194			3,628,686			332,907
Marketing	2q		1,241,504			1,769,147			2,349,729			215,571
Total Operating Expenses			29,700,767			32,967,303			38,382,309			3,521,312
OPERATING INCOME			21,593,241			26,472,708			22,307,475			2,046,557
OTHER (EXPENSES) INCOME
Interest income	2c,45		654,984			518,663			671,834			61,636
Equity in net income (loss) of associated companies	2f,10		(6,619	)		6,637			20,471			1,878
Interest expense	2c,45		(1,286,354	)		(1,436,165	)		(1,581,818	)		(145,121	)
(Loss) gain on foreign exchange — net	2p		836,328			(294,774	)		(1,613,759	)		(148,051	)
Others — net			202,025			328,584			508,605			46,661
Other (expenses) income — net			400,364			(877,055	)		(1,994,667	)		(182,997	)
INCOME BEFORE TAX			21,993,605			25,595,653			20,312,808			1,863,560
TAX (EXPENSE) BENEFIT	2s,39
Current			(7,097,202	)		(7,233,874	)		(5,823,558	)		(534,271	)
Deferred			57,275			(693,949	)		183,863			16,868
			(7,039,927	)		(7,927,823	)		(5,639,695	)		(517,403	)
INCOME BEFORE MINORITY INTEREST IN NET INCOME OF CONSOLIDATED SUBSIDIARIES			14,953,678			17,667,830			14,673,113			1,346,157
MINORITY INTEREST IN NET INCOME OF CONSOLIDATED SUBSIDIARIES — Net	25		(3,948,101	)		(4,810,812	)		(4,053,643	)		(371,894	)
NET INCOME			11,005,577			12,857,018			10,619,470			974,263
BASIC EARNINGS PER SHARE	2w,40
Net income per share			547.15			644.08			537.73			0.05
Net income per ADS (40 Series B shares per ADS)			21,886.00			25,763.20			21,509.20			2.00

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

4

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

CONSOLIDATED BALANCE SHEETS (UNAUDITED)
MARCH 31, 2008 AND 2009
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars)

		2008		2009
	Notes	Rp.		Rp.		US$
ASSETS
CURRENT ASSETS
Cash and cash equivalents	2c,2e,5,43		9,830,473		6,509,704		563,367
Temporary investments	2c,2f,43		186,708		287,558		24,886
Trade receivables	2c,2g,6,36,43
Related parties — net of allowance for doubtful accounts of Rp.130,703 million in 2008 and Rp.114,447 million in 2009			399,786		770,121		66,648
Third parties — net of allowance for doubtful accounts of Rp.1,161,958 million in 2008 and Rp.1,174,383 million in 2009			2,658,133		3,003,901		259,965
Other receivables — net of allowance for doubtful accounts of Rp.10,719 million in 2008 and Rp.7,734 million in 2009	2c,2g,43		122,953		102,809		8,897
Inventories — net of allowance for obsolescence of Rp.56,868 million in 2008 and Rp.68,111 million in 2009	2h,7,36		253,898		493,683		42,725
Prepaid expenses	2c,2i,8,43		1,226,795		2,087,031		180,617
Claims for tax refund	37, 52		408,011		222,954		19,295
Prepaid taxes	37, 52		71,366		803,700		69,554
Other current assets	2c,9,43		75,686		43,201		3,739
Total Current Assets			15,233,809		14,324,662		1,239,693
NON-CURRENT ASSETS
Long-term investments — net	2f,10		140,261		170,184		14,728
Property, plant and equipment — net of accumulated depreciation of Rp.56,472,320 million in 2008 and Rp.64,853,338 million in 2009	2k,2l,4,11, 19,20,22,52		60,392,109		71,165,921		6,158,885
Property, plant and equipment under Revenue-Sharing Arrangements — net of accumulated depreciation of Rp.524,688 million in 2008 and Rp.272,514 million in 2009	2m,12,33,45		664,787		453,847		39,277
Prepaid pension benefit cost	2i,2r,40		557		176		15
Advances and other non-current assets	2c,2k,2o,13, 28,43,47		1,624,082		2,260,788		195,655
Goodwill and other intangible assets — net of accumulated amortization of Rp.5,389,667 million in 2008 and Rp.6,641,019 million in 2009	2d,2j,4, 14,36,52		3,743,962		2,873,087		248,644
Escrow accounts	2c,15,43		1,285		44,105		3,817
Total Non-current Assets			66,567,043		76,968,108		6,661,021
TOTAL ASSETS			81,800,852		91,292,770		7,900,714

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

1

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

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (continued)
MARCH 31, 2008 AND 2009
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars)

		2008		2009
	Notes	Rp.		Rp.		US$
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Trade payables	2c,16,43
Related parties			577,569		1,238,113		107,150
Third parties			4,845,103		8,954,257		774,925
Other payables			50,509		23,168		2,005
Taxes payable	2s,37		1,554,280		1,163,836		100,721
Accrued expenses	2c,17,34,43		3,069,501		3,383,731		292,837
Unearned income	2q,18		2,477,559		2,794,029		241,803
Advances from customers and suppliers			174,824		711,724		61,594
Short-term bank loans	2c,19,43		215,814		42,612		3,688
Current maturities of long-term liabilities	2c,2l,20,43		4,567,427		6,980,674		604,126
Total Current Liabilities			17,532,586		25,292,144		2,188,849
NON-CURRENT LIABILITIES
Deferred tax liabilities — net	2s,37		3,023,781		2,898,126		250,811
Unearned income on Revenue-Sharing Arrangements	2m,12,45		443,013		267,392		23,141
Accrued long service awards	2c,2r,41,43		76,806		108,722		9,409
Accrued post-retirement health care benefits	2c,2r,42,43		2,894,582		2,553,531		220,989
Accrued pension and other post-retirement benefits costs	2c,2r,40,43		1,324,308		1,057,509		91,520
Long-term liabilities — net of current maturities
Obligations under finance leases	2l,11,20		209,515		292,772		25,337
Two-step loans — related party	2c,20,21,43		3,688,710		3,874,738		335,330
Bank loans	2c,20,22,43		3,830,987		6,393,675		553,325
Deferred consideration for business combinations	20,23		2,117,166		1,179,701		102,095
Total Non-current Liabilities			17,608,868		18,626,166		1,611,957
MINORITY INTEREST	24		10,556,996		10,581,091		915,715

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

2

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

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (continued)
MARCH 31, 2008 AND 2009
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars)

		2008			2009
	Notes	Rp.			Rp.			US$
STOCKHOLDERS’ EQUITY
Capital stock — Rp.250 par value per Series A Dwiwarna share and Series B share
Authorized — 1 Series A Dwiwarna share and 79,999,999,999 Series B shares
Issued and fully paid — 1 Series A Dwiwarna share and 20,159,999,279 Series B shares	1c,25		5,040,000			5,040,000			436,175
Additional paid-in capital	2u,26		1,073,333			1,073,333			92,889
Treasury stock — 337,293,000 shares in 2008 and 490,574,500 shares in 2009	2u,27		(3,030,368	)		(4,264,114	)		(369,028	)
Difference in value arising from restructuring transactions and other transactions between entities under common control	2d,28		270,000			360,000			31,155
Difference due to change of equity in associated companies	2f		385,595			385,595			33,370
Unrealized holding gain from available-for-sale securities	2f		12,586			1,653			143
Translation adjustment	2f		228,914			239,055			20,688
Retained earnings
Appropriated			6,700,879			10,557,985			913,716
Unappropriated			25,421,463			23,399,862			2,025,085
Total Stockholders’ Equity			36,102,402			36,793,369			3,184,193
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY			81,800,852			91,292,770			7,900,714

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

3

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

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
THREE MONTHS PERIOD ENDED MARCH 31, 2008 AND 2009

(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars,
except per share and per ADS data)

		2008			2009
	Notes	Rp.			Rp.			US$
OPERATING REVENUES
Telephone	2q,29
Fixed lines			2,540,438			2,116,593			183,176
Cellular			5,966,083			6,517,451			564,037
Interconnection	2c,2q,30,43
Revenues			3,041,324			2,659,347			230,147
Expenses			(781,585	)		(743,834	)		(64,373	)
Net			2,259,739			1,915,513			165,774
Data, internet and information technology services	2q,31		3,944,676			3,715,768			321,572
Network	2c,2q,32,43		218,807			263,470			22,801
Revenue-Sharing Arrangements	2m,12,33,45		97,936			43,773			3,788
Other telecommunications services	2q		3,924			129,610			11,217
Total Operating Revenues			15,031,603			14,702,178			1,272,365
OPERATING EXPENSES
Depreciation	2k,2l,2m, 11,12,13,52		2,500,577			2,964,718			256,574
Personnel	2c,2r,17,34, 40,41,42,43		2,246,902			1,904,766			164,843
Operations, maintenance and telecommunication services	2c,2q,35,43		2,506,173			3,288,635			284,607
General and administrative	2g,2h,2q,6, 7,14,36,52		858,482			841,257			72,805
Marketing	2q		376,981			414,604			35,881
Total Operating Expenses			8,489,115			9,413,980			814,710
OPERATING INCOME			6,542,488			5,288,198			457,655
OTHER (EXPENSES) INCOME
Interest income	2c,43		174,205			138,451			11,982
Equity in net income (loss) of associated companies	2f,10		(874	)		931			81
Interest expense	2c,43		(263,146	)		(517,388	)		(44,776	)
Loss on foreign exchange — net	2p		(45,655	)		(211,718	)		(18,323	)
Others — net	52		102,916			56,371			4,878
Other expenses — net			(32,554	)		(533,353	)		(46,158	)
INCOME BEFORE TAX			6,509,934			4,754,845			411,497
TAX (EXPENSE) BENEFIT	2s,37
Current			(2,058,376	)		(1,405,610	)		(121,645	)
Deferred			5,363			6,747			584
			(2,053,013	)		(1,398,863	)		(121,061	)
INCOME BEFORE MINORITY INTEREST IN NET INCOME OF CONSOLIDATED SUBSIDIARIES			4,456,921			3,355,982			290,436
MINORITY INTEREST IN NET INCOME OF CONSOLIDATED SUBSIDIARIES — net	24		(1,249,587	)		(898,098	)		(77,724	)
NET INCOME			3,207,334			2,457,884			212,712
BASIC EARNINGS PER SHARE	2w,38
Net income per share			161.50			124.46			0.01
Net income per ADS (40 Series B shares per ADS)			6,460.00			4,978.40			0.40

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

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