Deferred tax assets - net

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2016 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated 150

34. EMPLOYEE BENEFIT LIABILITIES December 31, December 31,

2016 2015 Rupiah Provision for post-employment benefit Note 50 2,943,664 2,411,613 Provisions for bonuses, leave and holiday entitlements 3,819,404 3,365,464 6,763,068 5,777,077 The provision for post-employment benefit such as pension fund and other long term remuneration is according to Bank and Subsidiaries’ policy which had been calculated using actuarial calculation. 35. OTHER LIABILITIES December 31, December 31, 2016 2015 Rupiah: Liability to policy holders 3,840,894 3,486,140 Liability related to ATM and credit card transaction 1,394,196 966,227 Payable to customers 1,350,344 926,371 Guarantee deposits 851,298 1,053,344 Deferred income directly attributable 627,487 517,242 Liabilities related to unit-link 351,903 596,316 Deferred income not directly attributable 378,865 356,577 Customers transfer transaction 73,545 124,431 Payable from purchase of marketable securities 20,721 42,194 Others 3,828,689 3,442,846 Total 12,717,942 11,511,688 Foreign currencies: Other liabilities related to UPAS transactions 948,536 743,551 Guarantee deposits 690,140 906,797 Customers transfer transaction 485,451 64,301 Deferred income not directly attributable 314,444 321,721 Deferred income directly attributable 2,274 3,761 Others 651,249 637,593 Total Note 61B.v 3,092,094 2,677,724 15,810,036 14,189,412 Liabilities to policyholders consist of liabilities of the Subsidiaries AXA Mandiri Financial Services, Mandiri AXA General Insurance and PT Asuransi Jiwa Indonesia InHealth as follows: December 31, December 31, 2016 2015 Future policy benefits from non unit-link products 2,053,916 1,705,778 Unearned premiums 1,211,875 1,188,453 Estimated claim liabilities 491,360 502,585 Claim payables 83,743 89,324 3,840,894 3,486,140 PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2016 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated 151

35. OTHER LIABILITIES continued

Payable to costumers mostly consist of debts arising from securities transactions of PT Mandiri Sekuritas Subsidiary. Liabilities associated with ATM and credit card transactions consists of liabilities on ATM transactions within ATM Bersama, ATM links and ATM Prima and liabilities to Visa and Master Card for credit card transactions. Liabilities related to unit link represents unit-link liabilities to third parties and unit-link policyholders’ fund liabilities of a subsidiary AXA Mandiri Financial Services. The guarantee deposit is a guarantee of cash deposited by customers from export, import transaction and issuance of bank guarantees. Directly attributed unearned income consists of income from provisionscommissions of loans which directly attributable to unamortized loan. Unearned income which is not directly attributed consists of deferred feescommissions that are not directly related to the unamortized loan. Purchase of securities accrued arising from the purchase of securities which was fully paid respectively on January 5, 2017 and January 5, 2016 as of December 31, 2016 and 2015. Other liabilities on UPAS transaction is a liability to the payer bank in foreign currency related with bill of UPAS to importers. Others mainly consist of interoffice accounts and liabilities related to trade transactions, deposit and transaction remains to be settled in the form of transfer payment transactions of customers. 36. FUND BORROWINGS December 31, December 31, 2016 2015 Rupiah: Related parties Note 55 f Others - 25,178 Third parties a Ministry of Public Work and Housing Kemenpupera 127,236 132,948 b Direct off-shore loans 300,000 300,000 e Repo to maturity 494,301 494,301 f Others 4,194,807 4,237,157 5,116,344 5,164,406 Total 5,116,344 5,189,584