Deferred tax assets - net

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 139

34. EMPLOYEE BENEFIT LIABILITIES December 31, December 31,

2015 2014 Rupiah Provision for post-employment benefit Note 50 2,411,613 2,234,193 Provisions for bonuses, leave and holiday entitlements 3,365,464 2,946,967 5,777,077 5,181,160 The provision for post-employment benefit such as pension fund and other long term remuneration is according to Bank and Subsidiaries’ policy which had been calculated using actuarial calculation. 35. OTHER LIABILITIES December 31, December 31, 2015 2014 Rupiah: Liability to policyholders 3,486,140 3,144,685 Guarantee deposits 1,053,344 737,225 Liability related to ATM and credit card transaction 966,227 966,018 Payable to customers 926,371 2,018,396 Liabilities related to unit-link 596,316 1,152,424 Deferred income directly attributable 517,242 501,082 Deferred income not directly attributable 356,577 242,143 Customers transfer transaction 124,431 57,367 Payable from purchase of marketable securities 42,194 13,201 Others 3,442,846 4,320,549 Total 11,511,688 13,153,090 Foreign currencies: Guarantee deposits 906,797 1,178,359 Other liabilities related to UPAS transactions 743,551 796,728 Deferred income not directly attributable 321,721 422,854 Customers transfer transaction 64,301 555,859 Deferred income directly attributable 3,761 1,936 Others 637,593 261,860 Total Note 61B.v 2,677,724 3,217,596 14,189,412 16,370,686 Liabilities to policyholders consist of liabilities of the Subsidiaries AXA Mandiri Financial Services, Mandiri AXA General Insurance and PT Asuransi Jiwa Indonesia InHealth as follows: December 31, December 31, 2015 2014 Future policy benefits from non unit-linked products 1,705,778 1,724,888 Claim payables 89,324 93,824 Unearned premiums 1,188,453 954,692 Estimated claim liabilities 502,585 371,281 3,486,140 3,144,685 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 140

35. OTHER LIABILITIES continued

Payable to costumers mostly consist of debts arising from securities transactions of PT Mandiri Sekuritas Subsidiary. Liabilities associated with ATM and credit card transactions consists of liabilities on ATM transactions within ATM Bersama, ATM links and ATM Prima and liabilities to Visa and Master Card for credit card transactions. Liabilities related to unit link represents unit-linked liabilities to third parties and unit-linked policyholders’ fund liabilities of a subsidiary AXA Mandiri Financial Services. The guarantee deposit is a guarantee of cash deposited by customers from export, import transaction and issuance of bank guarantees. Directly attributed unearned income consists of income from provisionscommissions of loans which directly attributable to unamortized loan. Unearned income which is not directly attributed consists of deferred feescommissions that are not directly related to the unamortized loan. Purchase of securities accrued arising from the purchase of securities which was fully paid respectively on January 5, 2016 and January 5, 2015 as of December 31, 2015 and 2014. Other liabilities on UPAS transaction is a liability to the payer bank in foreign currency related with bill of UPAS to importers. Others mainly consist of interoffice accounts and liabilities related to trade transactions, deposit and transaction remains to be settled in the form of transfer payment transactions of customers. 36. FUND BORROWINGS December 31, December 31, 2015 2014 Rupiah: Related parties Note 55 f Others 25,178 202,609 Third parties a Ministry of Public Work and Housing Kemenpupera 132,948 137,570 b Direct off-shore loans 300,000 300,000 e Repo to maturity 494,301 494,301 f Others 4,237,157 3,221,252 5,164,406 4,153,123 Total 5,189,584 4,355,732