Corporate income tax expense - deferred

PT BANK MANDIRI PERSERO AND SUBSIDIARIES Notes to the Consolidated Financial Statements Continued December 31, 2002 and 2001 Expressed in millions of Rupiah, unless otherwise stated - 83 -

29. OTHER LIABILITIES

2002 2001 Rupiah: Due to the Government arising from the required return of additional paid-in capital Notes 33 and 15 1,412,000 129,685 Provision for employee service entitlements Note 42 674,062 793,631 Accrued bonuses and incentives 396,552 184,774 Unearned income 225,619 324,223 Provision for possible losses on legal cases Note 58k 147,062 380,610 Accrued expenses for Government premium guarantees 146,901 130,748 Guarantee deposits 131,583 116,904 Provision arising from obligations from investment in stocks 110,513 368,111 Inter-branch accounts - net 25,195 - Accrued merger and reorganization costs - 314,064 Provision for employee medical benefits - 229,752 Others 3,121,412 2,634,690 6,390,899 5,607,192 Foreign currency: Provision for possible losses on legal cases Note 58k 1,444,455 1,248,000 Guarantee deposits 742,603 635,289 Unearned income 45,829 75,250 Others 496,130 1,027,593 2,729,017 2,986,132 9,119,916 8,593,324 Movements of certain provisions in other liabilities in 2002 follows: Provision for Provision for Accrued Merger Provision for Provision for Possible Losses Employee Service and Reorganization Employee Negative Equity on Legal Cases Entitlements Costs Medical Benefits Investments _ _ Balance at beginning of year 1,628,610 793,631 314,064 229,752 368,111 Provisionreversal during the year 519,944 119,569 192,556 229,752 257,598 Utilization during the year 272,605 - 121,508 - - Others 284,432 - - - - Balance at end of year 1,591,517 674,062 - - 110,513 Primarily consists of foreign currency translation. PT BANK MANDIRI PERSERO AND SUBSIDIARIES Notes to the Consolidated Financial Statements Continued December 31, 2002 and 2001 Expressed in millions of Rupiah, unless otherwise stated - 84 -

29. OTHER LIABILITIES Continued

Movements of certain provisions in other liabilities in 2001 follows: Provision for Provision for Accrued Merger Provision for Provision for Possible Losses Employee Service and Reorganization Employee Negative Equity on Legal Cases Entitlements Costs Medical Benefits Investments _ _ Balance at beginning of year 1,524,908 553,851 1,653,691 229,752 1,105,061 Provisionreversal during the year 8,709 239,780 995,393 - 736,950 Utilization during the year 8,337 - 341,718 - - Others 103,330 - 2,516 - - Balance at end of year 1,628,610 793,631 314,064 229,752 368,111 Primarily consists of foreign currency translation.

30. SUBORDINATED LOANS

2002 2001 a. By Currency Foreign Currency Two-Step Loans TSLs-Kreditanstalt fur Wiederaufbau, Frankfurt KfW 88,860 97,260 Others 3,279,987 2,414,116 3,368,847 2,511,376 Rupiah Two-Step Loans TSLs a Nordic Investment Bank NIB 399,035 432,945 b Export-Import Bank of Japan EBJ 224,144 295,999 c Asian Development Bank ADB 40,471 69,996 d International Bank for Reconstruction and Development IBRD 54,888 73,320 e ASEAN Japan Development Fund Overseas Economic Cooperation Fund AJDF-OECF 130,907 127,828 f ASEAN Japan Development Fund -Export-Import Bank of Japan AJDF-EBJ 7,310 8,435 856,755 1,008,523 Bank Indonesia 1,578,859 2,064,859 Investment Fund Account RDI ex-Two-Step Loans 554,504 805,443 2,990,118 3,878,825 6,358,965 6,390,201