GOVERNMENT BONDS Insurance liabilities on insurance contracts

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2014 AND 2013 Expressed in millions of Rupiah, unless otherwise stated Appendix 562 8. GOVERNMENT BONDS continued b. By Type 2014 Interest Rates Maturity Frequency of Nominal per Annum Fair Value Dates Interest Payment Rupiah Fair value through profit or loss Government Bonds 15062015 – Fixed rate bonds 1,751,082 5.25-12.80 1,745,205 15022044 1 and 6 months Investments in unit-linked contracts 21092015 – Fixed rate bonds 1,149,889 6.25-11.00 1,149,889 15032034 1 and 6 months Available for sale 21092015 – Fixed rate bonds 9,181,113 5.25-8.50 9,018,496 15042019 1 and 6 months 25112015 – Variable rate bonds 41,074,774 SPN 3 months 40,572,829 25072020 3 months 50,255,887 49,591,325 Amortised Interest Rates Maturity Frequency of Cost Per Annum Dates Interest Payment Held to maturity 15062015 – Fixed rate bonds 306,797 8.25-11.75 15052037 6 months 25042015 – Variable rate bonds 20,630,297 SPN 3 months 25092017 3 months 20,937,094 At cost 15082015 – Fixed rate bonds 737,385 8.75-11.80 05032017 6 months Interest Rates Maturity Frequency of Nominal per Annum Fair Value Dates Interest Payment Foreign currency Available for sale 2042015 – Fixed rate bonds 10,975,339 3.30-11.63 11,595,820 1542023 6 months Amortised Interest Rates Maturity Frequency of Cost Per Annum Dates Interest Payment Held to maturity 1512016 – Fixed rate bonds 258,600 5.88-7.50 1512024 6 months At cost Fixed rate bonds 138,588 6.13 15032019 6 months Government Bonds owned by Subsidiary which was recorded in accordance with SFAS 110 “Accounting for Sukuk”. Investments in unit-linked contracts are investments owned by policyholders of Subsidiary’s unit-linked contracts which are presented at fair value. PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2014 AND 2013 Expressed in millions of Rupiah, unless otherwise stated Appendix 563 8. GOVERNMENT BONDS continued b. By Type continued 2013 Interest Rates Maturity Frequency of Nominal per Annum Fair Value Dates Interest Payment Rupiah Fair value through profit or loss Government Bonds 23022014 – Fixed rate bonds 1,378,823 5.25 - 12.80 1,320,029 15022044 1 and 6 months Investments in unit-linked contracts 23022014 – Fixed rate bonds 452,006 6.00 - 11.60 452,006 15032034 1 and 6 months Available for sale 21092015 – Fixed rate bonds 4,910,875 5.25 - 6.25 4,578,589 15052018 1 and 6 months 25122014 – Variable rate bonds 44,874,774 SPN 3 months 44,301,082 25072020 3 months 49,785,649 48,879,671 Amortised Interest Rates Maturity Frequency of Cost Per Annum Dates Interest Payment Rupiah Held to maturity 15102014 – Fixed rate bonds 304,534 9.00 - 11.75 15052037 6 months 25122014 – Variable rate bonds 21,744,598 SPN 3 months 25092017 3 months 22,049,132 At cost 15082015 – Fixed rate bonds 712,585 9.25 - 11.80 15092015 6 months Interest Rates Maturity Frequency of Nominal per Annum Fair Value Dates Interest Payment Foreign currency Fair value through profit or loss Fixed rate bonds 60,850 3.50 61,718 15052017 6 months Available for sale 1032014 – Fixed rate bonds 8,705,603 3.30 - 10.38 8,333,443 17102023 6 months Amortised Interest Rates Maturity Frequency of Cost Per Annum Dates Interest Payment Foreign currency Held to maturity 10032014 – Fixed rate bonds 418,844 5.38 - 10.38 17102023 6 months Government Bonds owned by Subsidiary which was recorded in accordance with SFAS 110 “Accounting for Sukuk”. Investments in unit-linked contracts are investments owned by policyholders of Subsidiary’s unit-linked contracts which are presented at fair value. PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2014 AND 2013 Expressed in millions of Rupiah, unless otherwise stated Appendix 564 8. GOVERNMENT BONDS continued c. Other Information As at 31 December 2014, Government Bonds with total nominal amount of Rp6,821,742 and marketable securities with total nominal amount of Rp450,000 were sold under repurchase agreements 31 December 2013: Rp5,482,742 Note 28. As at 31 December 2014, Government Bonds with total nominal amount of Rp13,772,473 and USD581,729,000 full amount 2013: Rp14,012,379 and USD158,300,000 full amount had been pledged as collateral for funds borrowing from other banks and subordinated loans Note 36c, 36d and 37. In December 2013, the Subsidiary, Bank Mandiri Europe Limited reclassified all of Government Bonds from “held to maturity” into “available for sale” classification with nominal value of Rp121,700. This reclassification was not more than insignificant amount of the “held to maturity” portfolio in the consolidated financial statements, therefore, it did not result to a breach of tainting rule in the consolidated financial statements. On 18 December 2013, the Subsidiary sold a portion of these Government Bonds amounting to Rp129,565 and recognised gains of Rp7,865.

9. OTHER RECEIVABLES - TRADE TRANSACTIONS

a. By Type, Currency, Related Parties and Third Parties: 2014 2013 Rupiah: Related parties Note 55 Usance LC payable at sight 29,126 19,533 Others 3,514,462 2,815,817 3,543,588 2,835,350 Third parties Usance LC payable at sight 966,481 681,186 Others 1,570,028 965,060 2,536,509 1,646,246 Total Rupiah 6,080,097 4,481,596 Foreign currencies: Related parties Note 55 Usance LC payable at sight 2,328,822 988,190 Others 542,213 81,318 2,871,035 1,069,508 Third parties Usance LC payable at sight 2,626,818 1,426,719 Others 1,660,017 1,970,560 4,286,835 3,397,279 Total foreign currencies Note 61B.v 7,157,870 4,466,787 Total 13,237,967 8,948,383 Less: Allowance for impairment losses 1,586,271 1,424,454 11,651,696 7,523,929 PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2014 AND 2013 Expressed in millions of Rupiah, unless otherwise stated Appendix 565 9. OTHER RECEIVABLES - TRADE TRANSACTIONS continued b. By Bank Indonesia’s Collectibility: 2014 2013 Current 11,577,417 7,497,681 Special mention 599,234 459,251 Substandard 54,964 - Loss 1,006,352 991,451 Total 13,237,967 8,948,383 Less: Allowance for impairment losses 1,586,271 1,424,454 11,651,696 7,523,929 c. By Maturity: 2014 2013 Rupiah: Less than 1 month 1,639,539 1,340,698 1 - 3 months 2,836,836 2,105,976 3 - 6 months 1,379,292 882,676 6 - 12 months 78,487 6,302 Over 12 months 145,943 145,944 Total Rupiah 6,080,097 4,481,596 Foreign currencies: Less than 1 month 663,299 794,118 1 - 3 months 2,567,987 1,312,949 3 - 6 months 3,014,228 1,477,670 6 - 12 months 51,948 36,579 Over 12 months 860,408 845,471 Total foreign currencies Note 61B.v 7,157,870 4,466,787 Total 13,237,967 8,948,383 Less: Allowance for impairment losses 1,586,271 1,424,454 11,651,696 7,523,929 d. Movements of allowance for impairment losses on other receivables - trade transactions: 2014 2013 Balance at beginning of year 1,424,454 1,125,015 Allowance during the year Note 44 115,522 39,848 Others 46,295 259,591 Balance at end of year 1,586,271 1,424,454 Includes effect of foreign exchange translation. Management believes that the allowance for impairment losses on other receivables - trade transactions is adequate. e. Information in respect of classification of “non-impaired” and “impaired” is disclosed in Note 61A. PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2014 AND 2013 Expressed in millions of Rupiah, unless otherwise stated Appendix 566 10. SECURITIES PURCHASED UNDER RESALE AGREEMENTS a. Securities purchased under resale agreements 2014 Type of Securities Starting Date Maturity Date Resale Amount Unamortised Interest Carrying Amount Third parties Rupiah Obligasi FR0044 29122014 26012015 999,092 4,143 994,949 Obligasi FR0071 05122014 06012015 942,780 784 941,996 Obligasi FR0053 12122014 08012015 902,401 1,050 901,351 Obligasi FR0056 30122014 27012015 892,005 3,847 888,158 Obligasi FR0056 30122014 27012015 892,005 3,847 888,158 Obligasi FR0066 02122014 02012015 872,905 145 872,760 Obligasi FR0027 30122014 27012015 872,458 3,763 868,695 SPN109-011015 30122014 27012015 814,148 3,512 810,636 Obligasi FR0044 29122014 26012015 769,244 3,190 766,054 Obligasi FR0063 29122014 26012015 739,787 3,069 736,718 Obligasi FR0063 29122014 26012015 739,787 3,069 736,718 Obligasi FR0063 29122014 26012015 716,466 2,971 713,495 Obligasi FR0031 04122014 05012015 710,241 473 709,768 Obligasi FR0027 30122014 27012015 645,911 2,786 643,125 Obligasi FR0064 06112014 02012015 578,887 99 578,788 SPN109-011015 30122014 27012015 542,765 2,341 540,424 Obligasi FR0053 12122014 08012015 517,577 602 516,975 Obligasi FR0057 17112014 12012015 511,502 975 510,527 Obligasi FR0058 24112014 19012015 495,669 1,552 494,117 SPN107-030915 30122014 27012015 454,949 1,963 452,986 Obligasi FR0056 30122014 27012015 420,260 1,812 418,448 Obligasi FR0070 29122014 26012015 404,335 1,677 402,658 Obligasi FR0057 13112014 08012015 315,380 383 314,997 Obligasi FR0066 06112014 02012015 262,602 45 262,557 Obligasi FR0058 24112014 19012015 247,838 777 247,061 Obligasi FR0058 24112014 19012015 247,827 773 247,054 Obligasi FR0035 29122014 26012015 228,114 946 227,168 Obligasi FR0061 15122014 09022015 226,438 1,531 224,907 Obligasi FR0059 03122014 28012015 220,719 1,031 219,688 Obligasi FR0069 04122014 05012015 219,023 146 218,877 Obligasi FR0064 03122014 28012015 202,007 945 201,062 SBSN 19122014 16012015 197,803 526 197,277 Obligasi FR0059 30122014 27012015 182,449 787 181,662 Saham 29092014 15012015 163,139 1,083 162,056 Obligasi FR0058 24112014 19012015 155,483 488 154,995 Obligasi FR0058 24112014 19012015 146,630 460 146,170 Obligasi FR0053 04122014 05012015 139,522 93 139,429 SPN104-JUL15 29122014 26012015 138,305 574 137,731 Saham 16102014 14042015 134,688 6,432 128,256 SBSN 05122014 02012015 121,352 40 121,312 Obligasi FR0071 05122014 06012015 104,753 87 104,666 SBSN 07122014 16012015 99,078 264 98,814 SBSN 05122014 02012015 81,774 27 81,747 Obligasi FR0061 12122014 08012015 75,763 88 75,675 SBSN 19122014 16012015 66,894 178 66,716 SBSN 05122014 02012015 55,749 18 55,731 Saham 18112014 18112015 58,111 8,128 49,983 Saham 20112014 20112015 58,111 8,175 49,936 Saham 24112014 24112015 58,111 8,269 49,842 Saham 29092014 15012015 40,508 269 40,239 SBSN 05122014 02012015 39,742 13 39,729 SBSN 19122014 16012015 31,101 83 31,018 Obligasi FR0062 13112014 08012015 30,015 37 29,978 Saham 13062014 12062015 28,539 1,888 26,651 Saham 15102014 12062015 27,417 1,899 25,518 Saham 27102014 26012015 10,303 102 10,201 Saham 12122014 11062015 10,603 686 9,917 Saham 29092014 15012015 8,892 59 8,833 Obligasi FR0065 24112014 19012015 7,161 23 7,138 SBSN 05122014 02012015 4,651 1 4,650 Total 19,881,769 95,024 19,786,745 Allowance for impairment losses 41,941 Net 19,744,804