DERIVATIVE RECEIVABLES AND PAYABLES continued

PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2005 and 2004 Expressed in millions of Rupiah, unless otherwise stated 47

10. DERIVATIVE RECEIVABLES AND PAYABLES continued

Cross Currency Swaps continued As of December 31, 2004, a summary of derivative transactions is as follows: Notional Amount Fair Value Derivative Derivative Transactions Contract Note 2k Receivables Payables Third parties Foreign Exchange Related : 1. Forward - buy US Dollar 623,717 625,424 3,424 1,717 Others 114,801 120,566 5,765 - 2. Forward - sell US Dollar 171,520 173,681 240 2,401 Others 103,076 108,747 - 5,671 3. Swap - buy US Dollar 2,184,989 2,205,520 23,593 3,062 Others 253,335 253,696 361 - 4. Swap - sell US Dollar 4,897,836 4,698,206 229,195 29,565 5. Option Option - buy US Dollar - - 6 127 Others - - 273 - Option - sell US Dollar - - - 210 Others - - 229 - Interest Rate Related Swap - Interest rate US Dollar 25,051 24,215 Total 288,137 66,968 Less: Allowance for possible losses 2,881 - 285,256 66,968 Movements of allowance for possible losses on derivative receivables: 2005 2004 Balance at beginning of year 2,881 10,343 Provisionreversal during the year Note 37 559 7,462 Others 3 - Balance at end of year 3,443 2,881 Includes effect of foreign exchange translation. As of December 31, 2005 and 2004, the collectibility of derivative receivables is current. Management believes that the allowance for possible losses on derivative receivables is adequate. PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2005 and 2004 Expressed in millions of Rupiah, unless otherwise stated 48

11. LOANS

A. Details of loans: a By Currency and Related Parties and Third Parties: 2005 2004 Rupiah: Related parties 568,970 360,156 Third parties 73,718,795 61,266,816 74,287,765 61,626,972 Foreign Currency: Related parties 676,770 592,121 Third parties 31,888,411 32,215,646 32,565,181 32,807,767 Total 106,852,946 94,434,739 Less: Allowance for possible losses 11,823,614 8,471,343 Deferred income 159,858 164,964 94,869,474 85,798,432 b By Type and Rating: 2005 Special Sub- Current Mention standard Doubtful Loss Total Rupiah: Working capital 29,430,891 3,010,573 1,093,399 604,524 2,948,425 37,087,812 Investment 9,529,950 3,152,988 1,566,939 393,595 2,687,282 17,330,754 Export 1,913,340 88,530 76,169 84,488 225,998 2,388,525 Consumer 9,427,534 2,120,579 107,404 123,371 192,450 11,971,338 Syndicated 315,149 90,240 - 1,265,454 1,002 1,671,845 Government Program 1,514,859 361,198 77,271 55,509 140,594 2,149,431 Employees 1,469,741 2,735 127 256 3,720 1,476,579 Others 203,208 5,566 1,380 754 573 211,481 53,804,672 8,832,409 2,922,689 2,527,951 6,200,044 74,287,765 Foreign Currency: Working capital 4,511,508 695,392 1,288,343 493,546 2,832,159 9,820,948 Investment 5,898,810 2,865,175 1,137,113 1,838,462 2,306,825 14,046,385 Export 770,517 625,173 340,316 345,279 1,177,036 3,258,321 Consumer 225,719 46,884 - - - 272,603 Syndicated 489,065 389,956 10,860 172,936 3,362,862 4,425,679 Government Program 113,280 - - - - 113,280 Employees 605 - - - - 605 Others 563,704 6,319 - - 57,337 627,360 12,573,208 4,628,899 2,776,632 2,850,223 9,736,219 32,565,181 Total 66,377,880 13,461,308 5,699,321 5,378,174 15,936,263 106,852,946 Less: Allowance for possible losses 668,795 631,273 748,115 1,743,536 8,031,895 11,823,614 Deferred income 16,035 18,921 8,932 23,354 92,616 159,858 65,693,050 12,811,114 4,942,274 3,611,284 7,811,752 94,869,474