ACCEPTANCES RECEIVABLE continued Bank Mandiri Tbk Eng 31 Des 2015 Released

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 113

18. FIXED ASSETS

The details of fixed assets were as follows: December 31, 2015 Beginning Ending Balance Additions Deductions Reclassifications Balance At Cost Direct ownership Land 2,839,124 - - 6,805 2,845,929 Building 3,309,328 106,978 8,158 660,920 4,069,068 Furnitures, office equipment and computer 7,121,181 372,619 29,524 1,338,029 8,802,305 Vehicles 279,190 6,502 3,998 6,876 288,570 Construction in progress 1,925,734 1,538,731 76 2,012,630 1,451,759 15,474,557 2,024,830 41,756 - 17,457,631 Leased assets 12,495 - - - 12,495 15,487,052 2,024,830 41,756 - 17,470,126 Accumulated Depreciation Note 49 Direct ownership Building 1,450,960 189,886 7,526 - 1,633,320 Furnitures, office equipment and computer 4,948,105 962,248 26,374 - 5,883,979 Vehicles 156,996 35,036 3,653 - 188,379 6,556,061 1,187,170 37,553 - 7,705,678 Leased assets 2,135 625 - - 2,760 6,558,196 1,187,795 37,553 - 7,708,438 Net book value Direct ownership Land 2,845,929 Building 2,435,748 Furniture, office equipment and computer 2,918,326 Vehicles 100,191 Construction in progress 1,451,759 9,751,953 Leased assets 9,735 9,761,688 December 31, 2014 Beginning Ending Balance Additions Deductions Reclassifications Balance At Cost Direct ownership Land 2,807,067 16,540 1 15,518 2,839,124 Buildings 2,591,342 302,313 217 415,890 3,309,328 Furnitures, office equipment and computer 6,374,639 233,843 12,602 525,301 7,121,181 Vehicles 259,936 19,489 2,981 2,746 279,190 Construction in progress 1,212,770 1,678,539 6,120 959,455 1,925,734 13,245,754 2,250,724 21,921 - 15,474,557 Leased assets 12,495 - - - 12,495 13,258,249 2,250,724 21,921 - 15,487,052 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 114

18. FIXED ASSETS continued

The details of fixed assets were as follows continued: December 31, 2014 Beginning Ending Balance Additions Deductions Reclassifications Balance Accumulated Depreciation Direct ownership Buildings 1,283,489 167,693 217 5 1,450,960 Furnitures, office equipment and computer 4,206,743 753,453 12,096 5 4,948,105 Vehicles 120,909 39,034 2,947 - 156,996 5,611,141 960,180 15,260 - 6,556,061 Leased assets 1,510 625 - - 2,135 5,612,651 960,805 15,260 - 6,558,196 Net book value Direct ownership Land 2,839,124 Furniture, office equipment and computer 2,173,076 Buildings 1,858,368 Vehicles 122,194 Construction in progress 1,925,734 8,918,496 Leased assets 10,360 8,928,856 Construction in progress as of December 31, 2015 and 2014 are as follows: December 31, December 31, 2015 2014 Computers and other hardware that have not been installed 783,085 577,528 Buildings 399,543 1,045,831 Office equipment and inventory 184,177 260,958 Vehicles 10,391 6,876 Others 74,563 34,541 1,451,759 1,925,734 The estimated percentage of completion of construction in progress as of December 31, 2015 and 2014 for computers and other hardwares that have not been installed was ranging between 15.00 - 90.00 and 32.00 - 95.00, respectively. Others a. Bank Mandiri has an Agreement on Construction; Management and Transfer BOT Agreement with PT Duta Anggada Realty Tbk. Duta Anggada based on the Deed No, 105 regarding BOT Agreement dated May 24, 1991, as amended by Act No. 70 Addendum I on BOT Agreement dated June 14, 1991 and No. 65 Addendum II on BOT agreement dated December 21, 2011. The agreement, among others, managed the development of two tower as high as 27 floors of offices by Duta Anggada, which the land owned by Bank Mandiri. The term of the management of Tower 1 and Tower 2 by Duta Anggada ends on May 15, 2014 and May 15, 2016, respectively. On May 19, 2014, the Bank and Duta Anggada has signed the agreement to transfer Tower 1 building to Bank Mandiri in Deed No. 43 dated May 19, 2014 regarding temporary utilization agreement, in which is Duta Anggada is entitled to operate the Tower 1 building up to May 15, 2016, along with the right and obligation of each party.