Tax expense - Current year

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS AT 31 DECEMBER 2010, 2009 AND 2008 Expressed in millions of Rupiah, unless otherwise stated Appendix 5110 30. OTHER LIABILITIES 2010 2009 2008 Rupiah: Accrued employee bonus and incentives,leave and yearly allowance THR 1,331,555 1,066,838 775,927 Provision for post employment benefits Note 44 1,178,427 1,044,505 925,002 Payable to customer 698,436 516,897 483,824 Guarantee deposits 610,024 493,899 466,130 Allowance for estimated losses arising from legal cases Note 57b 555,525 494,200 157,560 Liability to policyholders 370,400 - - Deferred income 103,024 377,442 368,933 Provision for employees’ service - free period benefits Note 44 56,273 973,347 794,159 Payable from purchase of marketable securities 2,165 1,912 - Others 3,364,265 2,564,248 1,897,308 Total Rupiah 8,270,094 7,533,288 5,868,843 Foreign currencies: Guarantee deposits 809,335 537,120 440,451 Allowance for estimated losses arising from legal cases Note 57b 19,403 20,166 18,756 Deferred income 85,872 148,856 198,791 Obligation under capital lease 74 1,008 2,248 Others 1,154,176 892,148 1,470,279 Total foreign currencies 2,068,860 1,599,298 2,130,525 10,338,954 9,132,586 7,999,368 Liability to policyholders’ as at 31 December 2010, consists of Subsidiary’s policyholders’ account balances - non unit linked, claims payable, unearned premium reserve and claims reserve amounting to Rp248,588, Rp21,330, Rp84,706 and Rp15,776, respectively. Deferred income represents unamortised provisioncommissions not directly attributable to loans. As at 31 December 2010, others mainly consists of accruals in relation to the Bank’s operational cost amounting to Rp914,298 31 December 2009: Rp702,204 and 31 December 2008 Rp458,480, payment related to ATM and credit card transaction amounting to Rp365,561 31 December 2009: Rp280,407 and 31 December 2008: Rp14,841. Movements of allowance for estimated losses arising from legal cases for the years ended 31 December 2010, 2009 and 2008: 2010 2009 2008 Balance at beginning of year 514,366 176,316 205,742 Allowancereversal during the year Note 39 61,381 340,707 31,133 Others 819 2,657 1,707 Balance at end of year 574,928 514,366 176,316 Includes effect of foreign currency translation Management believes that the allowance for estimated losses arising from legal cases is adequate. PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS AT 31 DECEMBER 2010, 2009 AND 2008 Expressed in millions of Rupiah, unless otherwise stated Appendix 5111 31. SUBORDINATED LOANS By Type and Currency: 2010 2009 2008 Rupiah: Two-Step Loans TSL a Nordic Investment Bank NIB 138,480 159,784 181,089 b ASEAN Japan Development Fund - Overseas Economic Cooperation Fund AJDF - OECF 32,503 45,504 58,505 c ASEAN Japan Development Fund - Export - Import Bank of Japan AJDF - EBJ - - 562 170,983 205,288 240,156 Bank Indonesia 2,230,259 2,319,559 2,366,859 Subordinated Bond Rupiah Bank Mandiri I 3,476,460 3,500,000 - Total Rupiah 5,877,702 6,024,847 2,607,015 Foreign currencies: Two-Step Loans TSL d Asian Development Bank ADB 178,870 192,221 229,635 Total foreign currencies Note 56e 178,870 192,221 229,635 6,056,572 6,217,068 2,836,650 Two-Step Loans TSL a Nordic Investment Bank NIB This account represents a credit facility obtained from Nordic Investment Bank NIB to the Government of the Republic of Indonesia, through the Ministry of Finance of the Republic of Indonesia, which re-lent the proceeds to participating banks to finance several projects in Indonesia. The detail of this facility is as follows: Credit Facility Purpose Repayment Period Nordic Investment Bank IV To promote and finance high priority investment projects in Indonesia, primarily in the private sector, or joint Indonesian and Nordic interests. 15 April 1997 – 28 February 2017 with the 1 st installment on 31 August 2002. The details of credit facilities from NIB are as follow: 2010 2009 2008 Nordic Investment Bank IV NIB IV 138,480 159,784 181,089 The interest rates on the NIB IV facility is based on variable interest rates as determined by Bank Indonesia in accordance with the prevailing average interest rates of 3 three months Certificate of Bank Indonesia in the last six months. b ASEAN Japan Development Fund - Overseas Economic Cooperation Fund AJDF - OECF This account represents a credit facility obtained from ASEAN Japan Development Fund - Overseas Economic Cooperation Fund AJDF - OECF to the Government of the Republic of Indonesia, through the Ministry of Finance of the Republic of Indonesia, which re-lent the proceeds to participating banks to finance several projects in Indonesia. The detail of this facility is as follows: Credit Facility Purpose Repayment Period Pollution Abatement Equipment Program PAE Small Scale Industry SSI To purchase equipment to prevent pollution. To finance small-scale industry. 19 August 1993 – 19 August 2013, with 1 st installment on 15 August 1998. 19 August 1993 – 19 August 2013, with 1 st installment on 15 August 1998.