735,266 24,442,187 FS Bank Mandiri Tbk 311210 Eng Final opini

The accompanying notes form an integral part of these consolidated financial statements. Appendix 41 PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED 31 DECEMBER 2010, 2009 AND 2008 Expressed in millions of Rupiah, unless otherwise stated Notes 2010 2009 2008 CASH FLOWS FROM OPERATING ACTIVITIES Rec eipts from interest income 34,021,221 32,078,031 26,117,536 Receipts from fees and commissions 5,101,838 5,269,940 4,262,997 Payments of interest expense 14,821,381 15,879,101 12,165,217 Payments of other financing expenses - 146,636 165,200 Receipts from the sale of Government Bonds - fair value through profit or loss 37,628,006 9,349,047 6,003,599 Acquisition of Government Bonds - fair value through profit or loss 36,985,217 9,722,868 5,184,940 Foreign exchange gainslosses - net 288,569 589,937 138,149 Operating income - others 877,840 716,236 311,092 Operating expenses - others 4,817,154 1,647,961 469,332 Salaries and employee benefits 5,802,173 4,853,601 3,403,043 General and administrative expenses 5,019,356 3,878,814 3,288,579 Non-operating income - others 163,281 197,692 82,339 Cash flow from operating activities before changes in operating assets and liabilities 10,635,474 10,892,028 11,963,103 Increasedecrease in operating assets: Placements with Bank Indonesia and other banks 41,264,635 11,958,068 12,016,854 Marketable securities - fair value through profit or loss 1,920,318 5,808,627 2,600,153 Other receivables - trade transactions 269,011 680,259 1,513,689 Loans 46,900,755 24,906,337 36,149,818 Consumer financing receivable 753,204 1,420,388 - Other assets 603,636 1,118,663 284,409 Proceeds from collection of earning assets already written-off 2,348,642 2,350,123 2,343,228 Increasedecrease in operating liabilities: Conventional Banking and Sharia - Non Syirkah Temporer Fund Demand deposits 8,471,819 6,261,015 6,650,858 Saving deposits 10,161,596 17,010,757 2,721,321 Time deposits 12,563,907 6,594,686 26,376,748 Sharia Banking - Syirkah Temporer Fund Restricted investment demand deposit and mudharabah musytarakah demand deposit 85,094 5,322 - Restricted investment saving deposit and unrestricted investment mudharabah saving deposit 9,729,281 1,871,892 1,392,953 Unrestricted investment mudharabah time deposit 15,437,049 1,770,660 2,494,381 Inter-bank call money - 7,588 823,257 Obligation due immediately 183,908 46,242 232,979 Taxes payable 3,473,497 4,798,538 2,817,792 Other liabilities 1,553,634 1,133,216 2,751,048 Net cash provided by operating activities 42,109,002 12,360,087 521,717 Effective from 1 January 2010, placements with Bank Indonesia and other banks including Certificate of Bank Indonesia with maturity of three months or less are classified as cash and cash equivalents Note 2a