GOVERNMENT RECAPITALIZATION BONDS continued OTHER RECEIVABLES - TRADE TRANSACTIONS

These consolidated financial statements are originally issued in Indonesian language. PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Year Ended December 31, 2006 With Comparative Figures For 2005 Expressed in millions of Rupiah, unless otherwise stated 42

7. GOVERNMENT RECAPITALIZATION BONDS continued

2006 continued The deposit was placed from a portion of fund received from transfer proceeds of Government Recapitalization Bonds to counterpart bank. The interest rate of deposit above is the same with the yield of Government Recapitalization Bonds at the transfer date. The agreement gives an option right to counterpart bank to early terminate the agreement by early terminationwithdrawal of the Rupiah deposit on any of the redemption date each year. If trigger events occurs, which is the defaults or restructuring of Government Recapitalization Bonds by Government of Republic of Indonesia relating to the principal or interest payment, counterpart bank may opt to return the Government Recapitalization Bonds which have been transferred to the Bank as a settlement for the callable zero coupon deposit transactions. As the Bank has not sold and transferred the significant risk and rewards of the Government Recapitalization Bonds, Bank still recognized the deposits as Government Recapitalization Bonds on the Bank’s balance sheet as of December 31, 2006. 2005 As of December 31, 2005, Government Recapitalization Bonds with a total nominal amount of Rp2,084,796 had been sold to counterparties with agreements to repurchase Note 22. Hedge bonds which matured in 2005 were settled by the Government with issuance of VR0031 series replacement bonds, with aggregate nominal value of Rp2,865,356.

8. OTHER RECEIVABLES - TRADE TRANSACTIONS

a. By Type, Currency, Related Parties and Third Parties: 2006 2005 Rupiah: Third parties Usance LC payable at sight 754,275 520,682 Others 223,273 236,832 Total Rupiah 977,548 757,514 Foreign Currency: Related parties Note 47 Others 56,878 54,531 Third parties Usance LC payable at sight 1,072,611 2,197,345 Others 663,249 816,754 1,735,860 3,014,099 Total Foreign Currency 1,792,738 3,068,630 Total 2,770,286 3,826,144 Less: Allowance for possible losses 812,247 1,101,415 1,958,039 2,724,729 These consolidated financial statements are originally issued in Indonesian language. PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Year Ended December 31, 2006 With Comparative Figures For 2005 Expressed in millions of Rupiah, unless otherwise stated 43

8. OTHER RECEIVABLES - TRADE TRANSACTIONS continued