LIQUIDITY RISK MANAGEMENT AR Mandiri 2013 English

Annual Report 2013 PT Bank Mandiri Persero Tbk.

3. LIQUIDITY RISK MANAGEMENT

Liquidity risk may arise if the Bank is unable to provide liquidity at a reasonable price. This will adversely afect the Bank’s proitability and capital. The Bank’s liquidity is inluenced by funding structure, asset liquidity, counterparty liabilities, and loan commitments to borrowers. Liquidity risk is measured through the use of such indicators as the primary reserve ratio the ratio of Cash to Minimum Giro Requirement, secondary reserve liquidity reserves, and the loan-to-deposit ratio LDR. Liquidity risk management is conducted by setting limits having regard to both the regulatory provisions and internal rules. As of 31 December 2013, the Rupiah Primary GWM stood at 8.00 of total Rupiah third-party funds, while the secondary GWM amounted to 18.08 of total Rupiah third-party funds. In the forex arena, the Bank maintained the GWM at 8.10 of total third-party funds denominated in foreign currency. These igures are in line with the regulatory and internal limits. The Bank applies liquidity reserve limits in the form of safety level limits that are based on projections of liquidity reserves over the next 3 months. As of 31 December 2013, the liquidity reserve was above the safety level, while the Bank’s LDR stood at 82.97. The Bank’s future liquidity condition is forecast using liquidity gap methodology, which employs maturity mismatches between the assets and liabilities components including of-balance sheet which are prepared for timeframes time buckets that are based on contractual maturity and behavioral maturity. As per 31 December 2013, the Bank’s liquidity projection for the next 12 months was in an optimal surplus position. To determine the impact of changes in market and internal factors in extreme conditions crisis on liquidity, the Bank conducts liquidity risk stress testing on a regular basis. The Bank has adopted a Liquidity Contingency Plan LCP on funding strategies, covering money market, repo and bilateral loans, FX swaps, securities sales, and pricing strategies. Under the LCP, the determination of liquidity conditions and funding strategies has regard to both internal and external conditions. In order to anticipate the efects of the crisis in Europe to the Bank’s liquidity and business, both directly or indirectly, the Bank activated the Business Command Center BCC to intensively manage and monitor liquidity conditions and the foreign currency LDR. In carrying out its functions, the BCC manages liquidity adequacy and the foreign exchange LDR through the selective provision of foreign currency liquidity for loans and the monitor the movements in foreign currency funding sources on a daily basis. In this way, the Bank’s foreign exchange liquidity has been maintained at above the minimum liquidity reserve and LDR limits. In addition, the BCC also coordinates programs to expand the use of low-cost and stable foreign exchange funding sources. To raise awareness of the unstable economic conditions resulting from the crisis in Europe as well as a number of domestic issues, the BCC also monitors external indicators such as the USD IDR exchange rate, Indonesia’s 5-year Credit Default Swaps CDS, the spread between the ROI 5-Year and the UST 5 Year, the Jakarta Composite Index JCI, Rupiah and USD interbank interest rates, USDIDR 1M Non-Delivery Forwards NDF and the latest market information. Since the activation of the BCC, the Banks forex liquidity reserves have been maintained above the limits and the forex LDR at the maximum level of 85. risk management Annual Report 2013 PT Bank Mandiri Persero Tbk. Table 9.1.a Disclosure of Rupiah Maturities Proile – Bank Unconsolidated No. Pos-pos 31 December 2013 Balance maturity ≤ 1 month 1 month – 3 months 3 month – 6 months 6 month – 12 months 12 month 1 2 3 4 5 6 7 8 I BALANCE SHEET A Assets 1. Cash 14.840.826 14.840.826 - - - - 2. Placements with Bank Indonesia 44.992.654 44.992.654 - - - - 3. Placements with other banks 2.933.898 2.933.898 - - - - 4. Securities 80.639.944 267.855 186.447 399.188 3.714.588 76.071.866 5. Loans 349.223.642 17.144.722 24.820.949 35.039.668 69.957.671 202.260.632 6. Other receivables 5.086.369 1.623.009 2.437.285 880.131 - 145.944 7. Other assets 2.719.534 1.243.016 120.495 162.912 228.718 964.393 Total Aset 500.436.867 83.045.980 27.565.176 36.481.899 73.900.977 279.442.835 B Liabilities 1. Third-party funds 401.898.025 359.203.482 27.328.100 7.255.797 7.867.000 243.646 2. Funds from Bank Indonesia - - - - - - 3. Funds from other banks 11.508.520 10.506.275 940.150 16.325 45.170 600 4. Securities issued 105.862 105.862 - - - - 5. Fund borrowings 109.021 372 792 1.207 2.479 104.171 6. Other liabilities 1.628.274 923.523 704.751 - - - 7. Miscellaneous 4.251.148 - 697.805 - 10.652 3.542.691 Total Liabilities 419.500.850 370.739.514 29.671.598 7.273.329 7.925.301 3.891.108 Diference between Assets and Liabilities on Balance Sheet 80.936.017 287.693.534 2.106.422 29.208.570 65.975.676 275.551.727 II ADMINISTRATIVE ACCOUNT A. Administrative Account Claims 1. Commitments 175.323 - 175.323 - - - 2. Contingencies 3.076.705 2.756.815 63.292 81.749 42.228 132.621 Total Administrative Account Liabilities 3.252.029 2.756.815 238.615 81.749 42.228 132.621 B. Administrative Account Liabilities 1. Commitments 75.028.982 72.460.485 1.882.507 145.903 113.541 426.545 2. Contingencies 25.530.796 3.072.535 6.594.538 3.520.137 5.393.058 6.950.528 Total Administrative Account Liabilities 100.559.778 75.533.020 8.477.045 3.666.040 5.506.600 7.377.073 Diference between Administrative Account Claims and Liabilities 97.307.749 72.776.205 8.238.430 3.584.291 5.464.371 7.244.452 Diference [IA-IB+IIA-IIB] 16.371.732 360.469.739 10.344.852 25.624.279 60.511.305 268.307.275 Cumulative Diference - 360.469.739 370.814.591 345.190.312 284.679.007 16.371.732 Includes income receivable PYMAD, sales of assets receivable, customer transaction receivables, claims again policy holders, and on ATM and Credit Card- related Transactions risk management Annual Report 2013 PT Bank Mandiri Persero Tbk. Table 9.1.a Disclosure of Rupiah Maturities Proile – Bank Unconsolidated No. Pos-pos 31 December 2012 Balance maturity ≤ 1 month 1 month – 3 months 3 month – 6 months 6 month – 12 months 12 month 1 2 3 4 5 6 7 8 I BALANCE SHEET A Assets 1. Cash 12.485.501 12.485.501 - - - - 2. Placements with Bank Indonesia 53.651.197 52.660.012 991.185 - - - 3. Placements with other banks 3.442.865 3.442.865 - - - - 4. Securities 80.238.136 77.041 767.622 86.314 34.796 79.272.363 5. Loans 290.353.314 2.511.799 33.861.598 25.398.433 59.925.082 168.656.402 6. Other receivables 3.509.491 1.081.864 1.784.796 491.358 5.529 145.944 7. Other assets 2.725.245 1.563.167 111.488 106.002 204.095 740.493 Total Aset 446.405.749 73.822.249 37.516.689 26.082.107 60.169.502 248.815.202 B Liabilities 1. Third-party funds 370.579.812 331.344.182 28.843.101 8.256.805 2.008.362 127.362 2. Funds from Bank Indonesia - - - - - - 3. Funds from other banks 13.211.901 13.116.901 38.140 9.615 47.245 - 4. Securities issued 296.075 296.075 - - - - 5. Fund borrowings 27.120 37 1.423 8.394 791 16.475 6. Other liabilities 1.943.849 1.100.984 842.865 - - - 7. Miscellaneous 4.963.355 - 17.153 - 702.805 4.243.397 Total Liabilities 391.022.112 345.858.179 29.742.682 8.274.814 2.759.203 4.387.234 Diference between Assets and Liabilities on Balance Sheet 55.383.637 272.035.930 7.774.007 17.807.293 57.410.299 244.427.968 II ADMINISTRATIVE ACCOUNT A. Administrative Account Claims 1. Commitments 93.280 93.280 - - - - 2. Contingencies 6.005.856 6.005.856 - - - - Total Administrative Account Liabilities 6.099.136 6.099.136 - - - - B. Administrative Account Liabilities 1. Commitments 83.248.504 81.494.515 1.077.742 67.224 609.023 - 2. Contingencies 22.577.686 2.863.338 5.909.086 3.770.115 4.297.646 5.737.501 Total Administrative Account Liabilities 105.826.190 84.357.853 6.986.828 3.837.339 4.906.669 5.737.501 Diference between Administrative Account Claims and Liabilities 99.727.054 78.258.717 6.986.828 3.837.339 4.906.669 5.737.501 Diference [IA-IB+IIA-IIB] 44.343.416 349.155.747 698.870 13.863.952 52.299.535 237.949.974 Cumulative Diference - 349.155.747 348.456.877 334.592.925 282.293.390 44.343.416 Includes income receivable PYMAD, sales of assets receivable, customer transaction receivables, claims again policy holders, and on ATM and Credit Card- related Transactions risk management Annual Report 2013 PT Bank Mandiri Persero Tbk. Tabel 9.1.b. Disclosure of Rupiah Maturities Proile – Bank Consolidated No. Pos-pos 31 December 2013 Balance maturity ≤ 1 month 1 month – 3 months 3 month – 6 months 6 month – 12 months 12 month 1 2 3 4 5 6 7 8 I BALANCE SHEET A Assets 1. Cash 16.650.311 16.650.311 - - - - 2. Placements with Bank Indonesia 53.088.376 53.088.376 - - - - 3. Placements with other banks 5.094.203 4.033.754 604.000 451.449 5.000 - 4. Securities 96.056.370 11.631.055 252.518 618.538 4.027.790 79.526.469 5. Loans 402.033.974 16.870.419 28.613.023 39.297.339 76.380.867 240.872.326 6. Other receivables 5.213.753 1.645.484 2.479.062 936.961 6.302 145.944 7. Other assets 4.715.281 3.128.979 120.530 162.912 338.467 964.393 Total Aset 582.852.268 107.048.378 32.069.133 41.467.199 80.758.426 321.509.132 B Liabilities 1. Third-party funds 409.752.497 366.993.542 27.370.781 7.276.167 7.867.987 244.020 2. Funds from Bank Indonesia - - - - - - 3. Funds from other banks 11.394.430 10.435.685 896.650 16.325 45.170 600 4. Securities issued 1.779.597 105.862 - 349.715 - 1.324.020 5. Fund borrowings 4.128.480 840.767 1.582 2.390 459.140 2.824.601 6. Other liabilities 3.053.314 2.308.602 744.712 - - - 7. Miscellaneous 4.246.148 - 697.805 - 10.652 3.537.691 Total Liabilities 434.354.466 380.684.458 29.711.530 7.644.597 8.382.949 7.930.932 Diference between Assets and Liabilities on Balance Sheet 148.497.802 273.636.080 2.357.603 33.822.602 72.375.477 313.578.200 II ADMINISTRATIVE ACCOUNT A. Administrative Account Claims 1. Commitments 175.323 - 175.323 - - - 2. Contingencies 3.529.344 3.209.454 63.292 81.749 42.228 132.621 Total Administrative Account Liabilities 3.704.668 3.209.454 238.615 81.749 42.228 132.621 B. Administrative Account Liabilities 1. Commitments 76.411.072 73.842.576 1.882.507 145.903 113.541 426.545 2. Contingencies 25.661.560 3.203.298 6.594.538 3.520.137 5.393.058 6.950.528 Total Administrative Account Liabilities 102.072.632 77.045.874 8.477.045 3.666.040 5.506.600 7.377.073 Diference between Administrative Account Claims and Liabilities 98.367.964 73.836.420 8.238.430 3.584.291 5.464.371 7.244.452 Diference [IA-IB+IIA-IIB] 50.129.838 347.472.500 5.880.827 30.238.311 66.911.106 306.333.748 Cumulative Diference - 347.472.500 353.353.328 323.115.017 256.203.911 50.129.838 Excluding Interbank Transaction risk management Annual Report 2013 PT Bank Mandiri Persero Tbk. Tabel 9.1.b. Disclosure of Rupiah Maturities Proile – Bank Unconsolidated No. Pos-pos 31 December 2012 Balance maturity ≤ 1 month 1 month – 3 months 3 month – 6 months 6 month – 12 months 12 month 1 2 3 4 5 6 7 8 I BALANCE SHEET A Assets 1. Cash 13.836.390 13.836.390 - - - - 2. Placements with Bank Indonesia 59.076.662 58.085.477 991.185 - - - 3. Placements with other banks 5.145.966 4.426.464 633.200 67.802 18.500 - 4. Securities 94.309.995 10.350.275 786.451 528.333 531.271 82.113.665 5. Loans 332.643.020 4.744.684 37.018.011 28.762.441 63.524.824 198.593.060 6. Other receivables 3.583.953 1.107.424 1.811.380 503.102 15.869 146.178 7. Other assets 4.056.221 2.894.143 111.488 106.002 204.095 740.493 Total Aset 512.652.207 95.444.857 41.351.715 29.967.680 64.294.559 281.593.396 B Liabilities 1. Third-party funds 376.580.168 337.125.943 29.020.221 8.271.875 2.028.353 133.776 2. Funds from Bank Indonesia - - - - - - 3. Funds from other banks 13.019.869 12.924.869 38.140 9.615 47.245 - 4. Securities issued 1.545.876 296.075 - 51.943 - 1.197.858 5. Fund borrowings 2.933.774 45.571 2.492 9.997 53.826 2.821.888 6. Other liabilities 3.223.830 2.345.547 878.283 - - - 7. Miscellaneous 4.958.356 - 17.153 - 697.805 4.243.398 Total Liabilities 402.261.873 352.738.005 29.956.289 8.343.430 2.827.229 8.396.920 Diference between Assets and Liabilities on Balance Sheet 110.390.334 257.293.148 11.395.426 21.624.250 61.467.330 273.196.476 II ADMINISTRATIVE ACCOUNT A. Administrative Account Claims 1. Commitments 93.280 93.280 - - - - 2. Contingencies 6.195.971 6.195.971 - - - - Total Administrative Account Liabilities 6.289.251 6.289.251 - - - - B. Administrative Account Liabilities 1. Commitments 85.029.013 81.495.014 1.279.263 1.032.546 1.222.190 - 2. Contingencies 22.789.431 3.075.083 5.909.086 3.770.115 4.297.646 5.737.501 Total Administrative Account Liabilities 107.818.444 84.570.097 7.188.349 4.802.661 5.519.836 5.737.501 Diference between Administrative Account Claims and Liabilities 101.529.193 78.280.846 7.188.349 4.802.661 5.519.836 5.737.501 Diference [IA-IB+IIA-IIB] 1.025.190 344.659.322 5.073.192 16.438.561 55.701.203 266.421.176 Cumulative Diference - 344.659.322 339.586.130 323.147.569 267.446.366 1.025.190 Excluding Interbank Transaction risk management Annual Report 2013 PT Bank Mandiri Persero Tbk. Tabel 9.2.a. Disclosure of Rupiah Maturities Proile – Bank Consolidated No. Approach 31 December 2013 Balance maturity ≤ 1 month 1 month – 3 months 3 month – 6 months 6 month – 12 months 12 month 1 2 3 4 5 6 7 8 I BALANCE SHEET A Assets 1. Cash 2.385.790 2.385.790 - - - - 2. Placements with Bank Indonesia 24.826.698 24.826.698 - - - - 3. Placements with other banks 20.776.992 18.674.241 2.030.491 - - 72.260 4. Securities 12.899.758 1.222.650 2.080.452 2.425.363 108.060 7.063.233 5. Loans 67.754.388 7.123.413 13.887.722 4.666.835 8.885.499 33.190.919 6. Other receivables 13.743.562 3.699.580 4.620.965 4.260.313 317.233 845.471 7. Other assets 383.695 187.876 101.487 16.901 11.166 66.265 Total Aset 142.770.883 58.120.248 22.721.117 11.369.412 9.321.958 41.238.148 B Liabilities 1. Third-party funds 97.820.015 95.086.706 1.812.615 507.615 404.484 8.595 2. Funds from Bank Indonesia - - - - - - 3. Funds from other banks 1.152.614 1.152.614 - - - - 4. Securities issued - - - - - - 5. Fund borrowings 13.885.152 866.504 1.435.427 420.373 121.380 11.041.468 6. Other liabilities 1.640.334 1.357.207 283.127 7. Miscellaneous 219.467 3.540 3.540 212.387 Total Liabilities 114.717.582 97.109.364 4.605.249 1.211.115 529.404 11.262.450 Diference between Assets and Liabilities on Balance Sheet 28.053.301 38.989.116 18.115.868 10.158.297 8.792.554 29.975.698 II ADMINISTRATIVE ACCOUNT A. Administrative Account Claims 1. Commitments 172.034 - 172.034 - - - 2. Contingencies 22.452.181 4.710.407 1.021.071 1.115.494 1.749.398 13.855.811 Total Administrative Account Liabilities 22.624.215 4.710.407 1.193.105 1.115.494 1.749.398 13.855.811 B. Administrative Account Liabilities 1. Commitments 24.162.274 14.289.118 5.679.687 1.508.639 1.600.632 1.084.198 2. Contingencies 39.643.850 1.308.910 3.606.048 6.213.562 6.265.212 22.250.117 Total Administrative Account Liabilities 63.806.124 15.598.028 9.285.735 7.722.201 7.865.844 23.334.315 Diference between Administrative Account Claims and Liabilities 41.181.908 10.887.621 8.092.630 6.606.707 6.116.446 9.478.505 Diference [IA-IB+IIA-IIB] 13.128.608 49.876.737 10.023.238 3.551.590 2.676.108 20.497.193 Cumulative Diference - 49.876.737 39.853.499 36.301.909 33.625.801 13.128.608 Includes income receivable PYMAD, sales of assets receivable, customer transaction receivables, claims again policy holders, and on ATM and Credit Card- related Transactions risk management Annual Report 2013 PT Bank Mandiri Persero Tbk. Tabel 9.2.a. Disclosure of Valas Maturities Proile – Bank Unconsolidated No. Approach 31 December 2012 Balance maturity ≤ 1 month 1 month – 3 months 3 month – 6 months 6 month – 12 months 12 month 1 2 3 4 5 6 7 8 I BALANCE SHEET A Assets 1. Cash 1.645.635 1.645.635 - - - - 2. Placements with Bank Indonesia 16.178.875 16.178.875 - - - - 3. Placements with other banks 15.819.308 15.290.635 173.764 300.015 - 54.894 4. Securities 5.183.309 468.817 349.939 144.533 89.810 4.130.210 5. Loans 49.620.377 909.832 10.779.885 2.950.139 5.194.710 29.785.811 6. Other receivables 10.962.850 2.087.220 4.415.177 3.139.002 651.917 669.534 7. Other assets 209.514 45.912 92.193 11.242 7.620 52.547 Total Aset 99.619.868 36.626.926 15.810.958 6.544.931 5.944.057 34.692.996 B Liabilities 1. Third-party funds 64.879.099 63.289.769 988.472 403.816 193.461 3.581 2. Funds from Bank Indonesia - - - - - - 3. Funds from other banks 906.979 906.979 - - - - 4. Securities issued - - - - - - 5. Fund borrowings 8.675.059 240.938 400.511 240.938 - 7.792.672 6. Other liabilities 2.106.083 1.030.110 1.075.973 - - - 7. Miscellaneous 179.594 1.912 - - 1.912 175.770 Total Liabilities 76.746.814 65.469.708 2.464.956 644.754 195.373 7.972.023 Diference between Assets and Liabilities on Balance Sheet 22.873.054 28.842.782 13.346.002 5.900.177 5.748.684 26.720.973 II ADMINISTRATIVE ACCOUNT A. Administrative Account Claims 1. Commitments - - - - - - 2. Contingencies 9.916.800 9.916.800 - - - - Total Administrative Account Liabilities 9.916.800 9.916.800 - - - - B. Administrative Account Liabilities 1. Commitments 10.398.827 2.215.749 4.475.726 922.935 1.083.041 1.701.376 2. Contingencies 25.951.137 1.873.083 2.713.231 3.281.401 4.980.397 13.103.025 Total Administrative Account Liabilities 36.349.964 4.088.832 7.188.957 4.204.336 6.063.438 14.804.401 Diference between Administrative Account Claims and Liabilities 26.433.164 5.827.968 7.188.957 4.204.336 6.063.438 14.804.401 Diference [IA-IB+IIA-IIB] 3.560.110 22.856.208 6.069.848 1.684.599 322.374 11.864.025 Cumulative Diference - 22.856.208 16.786.360 15.101.761 15.424.135 3.560.110 Includes income receivable PYMAD, sales of assets receivable, customer transaction receivables, claims again policy holders, and on ATM and Credit Card- related Transactions risk management Annual Report 2013 PT Bank Mandiri Persero Tbk. Tabel 9.2.b. Disclosure of Valas Maturities Proile – Bank Consolidated No. Approach 31 December 2013 Balance maturity ≤ 1 month 1 month – 3 months 3 month – 6 months 6 month – 12 months 12 month 1 2 3 4 5 6 7 8 I BALANCE SHEET A Assets 1. Cash 2.401.623 2.401.623 - - - - 2. Placements with Bank Indonesia 25.432.764 25.432.764 - - - - 3. Placements with other banks 19.556.583 19.349.062 135.262 - - 72.259 4. Securities 13.290.672 1.222.650 2.080.452 2.425.363 108.060 7.454.147 5. Loans 70.401.067 9.770.092 13.887.722 4.666.835 8.885.499 33.190.919 6. Other receivables 13.913.000 3.752.055 4.683.326 4.282.830 349.318 845.471 7. Other assets 396.287 200.468 101.487 16.901 11.166 66.265 Total Aset 145.391.996 62.128.714 20.888.249 11.391.929 9.354.043 41.629.061 B Liabilities 1. Third-party funds 99.243.761 96.510.453 1.812.615 507.615 404.483 8.595 2. Funds from Bank Indonesia - - - - - - 3. Funds from other banks 1.048.884 1.048.884 - - - - 4. Securities issued - - - - - - 5. Fund borrowings 11.868.708 - 584.160 121.700 121.380 11.041.468 6. Other liabilities 1.640.334 - 1.357.207 283.127 - - 7. Miscellaneous 219.467 3.540 - - 3.540 212.387 Total Liabilities 114.021.154 97.562.877 3.753.982 912.442 529.403 11.262.450 Diference between Assets and Liabilities on Balance Sheet 31.370.842 35.434.163 17.134.267 10.479.487 8.824.640 30.366.611 II ADMINISTRATIVE ACCOUNT A. Administrative Account Claims 1. Commitments 172.034 - 172.034 - - - 2. Contingencies 22.455.473 4.713.698 1.021.071 1.115.494 1.749.398 13.855.811 Total Administrative Account Liabilities 22.627.507 4.713.698 1.193.105 1.115.494 1.749.398 13.855.811 B. Administrative Account Liabilities 1. Commitments 24.197.340 14.324.184 5.679.687 1.508.639 1.600.632 1.084.198 2. Contingencies 39.667.080 1.332.140 3.606.048 6.213.562 6.265.212 22.250.117 Total Administrative Account Liabilities 63.864.421 15.656.325 9.285.735 7.722.201 7.865.844 23.334.315 Diference between Administrative Account Claims and Liabilities 41.236.914 10.942.627 8.092.630 6.606.707 6.116.446 9.478.505 Diference [IA-IB+IIA-IIB] 9.866.072 46.376.789 9.041.637 3.872.780 2.708.194 20.888.106 Cumulative Diference - 46.376.789 37.335.152 33.462.372 30.754.178 9.866.072 Excluding Interbank Transaction risk management Annual Report 2013 PT Bank Mandiri Persero Tbk. Tabel 9.2.b. Disclosure of Valas Maturities Proile – Bank Consolidated No. Approach 31 December 2012 Balance maturity ≤ 1 month 1 month – 3 months 3 month – 6 months 6 month – 12 months 12 month 1 2 3 4 5 6 7 8 I BALANCE SHEET A Assets 1. Cash 1.645.635 1.645.635 - - - - 2. Placements with Bank Indonesia 16.210.197 16.210.197 - - - - 3. Placements with other banks 15.814.585 15.671.412 289 87.990 - 54.894 4. Securities 5.367.544 475.118 432.672 144.533 89.810 4.225.411 5. Loans 51.938.687 927.481 10.801.265 2.956.020 5.209.020 32.044.901 6. Other receivables 11.047.977 2.101.896 4.447.567 3.176.151 652.829 669.534 7. Other assets 217.135 53.533 92.193 11.242 7.620 52.547 Total Aset 102.241.760 37.085.272 15.773.986 6.375.936 5.959.279 37.047.287 B Liabilities 1. Third-party funds 66.257.696 64.668.366 988.472 403.816 193.461 3.581 2. Funds from Bank Indonesia - - - - - - 3. Funds from other banks 996.967 996.967 - - - - 4. Securities issued - - - - - - 5. Fund borrowings 8.675.059 240.938 400.511 240.938 - 7.792.672 6. Other liabilities 2.106.083 1.030.110 1.075.973 - - - 7. Miscellaneous 179.594 1.912 - - 1.912 175.770 Total Liabilities 78.215.399 66.938.293 2.464.956 644.754 195.373 7.972.023 Diference between Assets and Liabilities on Balance Sheet 24.026.361 29.853.021 13.309.030 5.731.182 5.763.906 29.075.264 II ADMINISTRATIVE ACCOUNT A. Administrative Account Claims 1. Commitments 6.242 6.242 - - - - 2. Contingencies 9.919.327 9.919.327 - - - - Total Administrative Account Liabilities 9.925.569 9.925.569 - - - - B. Administrative Account Liabilities 1. Commitments 10.460.693 9.916.035 543.504 1.155 - - 2. Contingencies 26.057.908 1.979.853 2.713.231 3.281.401 4.980.397 13.103.025 Total Administrative Account Liabilities 36.518.601 11.895.888 3.256.735 3.282.556 4.980.397 13.103.025 Diference between Administrative Account Claims and Liabilities 26.593.032 1.970.319 3.256.735 3.282.556 4.980.397 13.103.025 Diference [IA-IB+IIA-IIB] 2.566.670 31.671.035 9.882.365 2.526.329 775.889 15.919.782 Cumulative Diference - 31.671.035 21.788.670 19.262.341 18.486.452 2.566.670 Excluding Interbank Transaction risk management Annual Report 2013 PT Bank Mandiri Persero Tbk.

4. OPERATIONAL RISK MANAGEMENT