MARKETABLE SECURITIES ISSUED continued Bonds continued

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated 132

31. ESTIMATED LOSSES ON COMMITMENTS AND CONTINGENCIES continued

c. Movements of allowance for impairment losses on commitments and contingencies: December 31, December 31, 2015 2014 Beginning balance 196,793 200,501 Allowancereversal during the year 198,450 5,313 Others 367 1,605 Ending balance 395,610 196,793 Includes effect of foreign currencies translation. Management believes that the allowance for impairment losses on commitments and contingencies is adequate. d. Information in respect of classification of “non-impaired” and“impaired” is disclosed in Note 61A. e. Deposits from customers and deposits from other banks pledged as collateral for bank guarantee and irrevocable letters of credit as of December 31, 2015 and 2014 amounting to Rp2,596,228 and Rp1,771,213, respectively Notes 21c and 24c. 32. ACCRUED EXPENSES December 31, December 31, 2015 2014 Fixed asset and software procurement 1,073,300 1,308,820 Interest expenses 969,433 1,082,993 Outsourcing expenses 287,102 258,401 Promotions 232,779 302,512 Employee related costs: uniform, recreation and others 67,326 70,706 Others 860,861 856,841 3,490,801 3,880,273 Included in the fixed asset and software procurement are payables to vendors related with operational and maintenance activities for buildings, equipments, software, ATM machines and Bank’s IT System. 33. TAXATION

a. Prepaid taxes December 31, December 31,

2015 2014 Bank Mandiri 4,570,305 2,417,736 Subsidiaries 247,091 174,246 4,817,396 2,591,982 PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated 133

33. TAXATION continued b. Taxes payable

December 31, December 31, 2015 2014 Current Income taxes payable Bank Mandiri Corporate Income Tax - Article 29 1,065,696 744,342 Subsidiaries Corporate Income Tax - Article 29 194,096 153,302 1,259,792 897,644 Taxes payable - others Bank Mandiri Income taxes Article 25 255,893 369,114 Article 21 122,795 110,231 Article 4 2 256,196 276,939 Others 100,764 89,939 735,648 846,223 Subsidiaries 136,176 131,274 871,824 977,497 2,131,616 1,875,141 c. Tax expensebenefit December 31, 2015 2014 Tax expense - current: Bank Mandiri 4,932,830 4,674,771 Subsidiaries 615,228 635,148 5,548,058 5,309,919 Tax benefitexpense - deferred: Bank Mandiri 337,514 82,730 Subsidiaries 6,488 39,417 331,026 43,313 5,217,032 5,353,232 As explained in Note 2ad, income tax for Bank Mandiri and its subsidiaries are calculated for each separate legal entity.