INVESTMENTS IN SHARES OF STOCK Continued

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 - 60 -

15. PREMISES AND EQUIPMENT Continued

Movements in 2002Beginning Additions Deductions Reclassi- Adjustments Ending Balance fications Balance Cost Revaluation Land 328,145 498 - - 16,874 345,517 Buildings 1,019,269 4,372 - - 39,575 1,063,216 Furniture, fixtures and office equipment 1,409,364 217,268 1,071 16,369 9,513 1,632,417 Vehicles 30,388 6,574 643 - 337 36,656 Construction in progress 160,693 284,702 - 16,369 3,770 432,796 Total cost 2,947,859 513,414 1,714 - 51,043 3,510,602 Accumulated Depreciation and Amortization Buildings 452,657 58,177 - - 12,849 523,683 Furniture, fixtures and office equipment 745,131 267,328 705 - 5,788 1,005,966 Vehicles 22,593 4,227 467 - 4,182 22,171 Total accumulated depreciation and amortization 1,220,381 329,732 1,172 - 2,879 1,551,820 Ending 2002 Balance Net Book Value Land 345,517 Buildings 539,533 Furniture, fixtures and office equipment 626,451 Vehicles 14,485 Construction in progress 432,796 1,958,782 Construction in progress as of December 31, 2002 is comprised of: License and development cost – Core Banking 361,471 Buildings 8,367 Others 62,958 432,796 The construction in progress is approximately 61 completed as of December 31, 2002. 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 - 61 -

15. PREMISES AND EQUIPMENT Continued

Movements in 2001 Beginning Additions Deductions Reclassi- Adjustments Ending Balance fications Balance CostRevaluation Land 258,707 - - 239 69,199 328,145 Buildings 983,123 1,514 1 2,879 31,754 1,019,269 Furniture, fixtures and office equipment 1,142,291 273,503 169 88,172 94,433 1,409,364 Vehicles 53,083 7,459 861 - 29,293 30,388 Construction in progress 129,698 263,270 - 91,290 140,985 160,693 Total 2,566,902 545,746 1,031 - 163,758 2,947,859 Leased assets 16,932 - 16,932 - - - Total cost 2,583,834 545,746 17,963 - 163,758 2,947,859 Accumulated Depreciation and Amortization Landrights 4,391 - - - 4,391 - Buildings 425,620 44,566 - - 17,529 452,657 Furniture, fixtures and office equipment 973,161 204,417 156 - 432,291 745,131 Vehicles 45,569 8,627 376 - 31,227 22,593 Total 1,448,741 257,610 532 - 485,438 1,220,381 Leased assets 15,650 1,282 16,932 - - - Total accumulated depreciation and amortization 1,464,391 258,892 17,464 - 485,438 1,220,381 Ending December 31, 2001 Balance Net Book Value Land 328,145 Buildings 566,612 Furniture, fixtures and office equipment 664,233 Vehicles 7,795 Construction in progress 160,693 Total 1,727,478 Leased assets - 1,727,478 Construction in progress as of December 31, 2001 is comprised of: License and development cost – Core Banking 147,455 Software base - 24 11,230 Others 2,008 160,693 The construction in progress is approximately 39 completed as of December 31, 2001.