ACCEPTANCE PAYABLES Insurance liabilities on insurance contracts

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2014 AND 2013 Expressed in millions of Rupiah, unless otherwise stated Appendix 5101 30. MARKETABLE SECURITIES ISSUED continued Bonds continued On 20 May 2011, the Subsidiary PT Mandiri Tunas Finance issued and registered Mandiri Tunas Finance Bonds VI Year 2011 Bonds VI at the Indonesian Stock Exchange formerly the Surabaya Stock Exchange with a nominal value of Rp600,000 consisting of 4 four series: Bonds Nominal Value Fixed Interest Rate per Annum Maturity Date Series A 48,000 8.60 23 May 2012 Series B 52,000 9.60 19 May 2013 Series C 350,000 10.00 19 May 2014 Series D 150,000 10.70 19 May 2015 Mandiri Tunas Finance Bonds VI Year 2011 Series A for Rp48,000, Series B for Rp52,000 and Series C for Rp350,000 had been paid at the maturity date. The trustee for Mandiri Tunas Finance Bonds VI Year 2011 is PT Bank Mega Tbk. On 31 December 2014, the rating for Continuous Bonds and Bonds VI is idAA double A. Subordinated Notes Syariah Mudharabah On 19 December 2011, PT Bank Syariah Mandiri BSM conducted a limited offering and sale of Sukuk Subordinated Notes Syariah Mudharabah Year 2011 “BSM subnotes” with a nominal value Rp500,000. The period of these BSM subnotes is 10 ten years with call option on the 5 th fifth year starting the issuance date. The issuance of BSM Subnotes is conducted in 3 three phases, as follows: - Phase I dated 19 December 2011 with a nominal amount of Rp75,000 - Phase II dated 19 December 2011 with a nominal amount of Rp275,000 - Phase III dated 19 December 2011 with a nominal amount of Rp150,000 Medium Term Notes MTN On 24 January 2012, Subsidiary had issued and registered Medium Term Notes MTN III amounting to Rp200,000 with a fixed interest rate of 9.95 per annum, at Kustodian Sentral Efek Indonesia KSEI. MTN III has 3 three years effective period starting from 2 February 2012 to 2 February 2015. 2014 and 2013 Interest Maturity Tenor Rate Type Arranger Date months Per Annum Nominal Amount Medium Term Notes III PT UOB Kayhian Securities 2 February 2015 36 9.95 200,000 200,000 Subsidiaries had paid the interest of the above marketable securities issued in accordance to the interest payment schedule for the period from 1 January 2014 to 31 December 2014. For the period from 1 January 2014 to 31 December 2014, Subsidiaries had fulfilled the covenants as stipulated in the agreements. PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2014 AND 2013 Expressed in millions of Rupiah, unless otherwise stated Appendix 5102 31. ESTIMATED LOSSES ON COMMITMENTS AND CONTINGENCIES a. Transactions of commitment and contingent in the ordinary course of business of Bank Mandiri and its Subsidiaries activities that have credit risk are as follows: 2014 2013 Rupiah: Bank guarantees issued Note 53 26,853,713 23,777,965 Committed unused loan facilities granted Note 53 26,516,482 23,503,517 Outstanding irrevocable letters of credit Note 53 2,112,407 3,039,253 Standby letters of credit Note 53 1,709,373 1,626,837 Total Rupiah 57,191,975 51,947,572 Foreign currencies: Bank guarantees issued Note 53 34,359,188 32,641,571 Committed unused loan facilities granted Note 53 7,046,517 5,405,644 Outstanding irrevocable letters of credit Note 53 13,055,707 12,178,877 Standby letters of credit Note 53 10,180,077 7,025,509 Total foreign currencies 64,641,489 57,251,601 121,833,464 109,199,173 b. By Bank Indonesia’s collectibility: 2014 2013 Current 121,384,434 108,786,436 Special mention 367,646 352,792 Sub-standard 7,064 383 Doubtful 10,551 509 Loss 63,769 59,053 Total 121,833,464 109,199,173 Less: Allowance for impairment losses 196,793 200,501 Commitments and contingencies - net 121,636,671 108,998,672 c. Movements of allowance for impairment losses on commitments and contingencies: 2014 2013 Balance at beginning of year 200,501 189,085 Reversal during the year 5,313 10,784 Others 1,605 22,200 Balance at end of year 196,793 200,501 Includes effect of foreign currencies translation. Management believes that the allowance for impairment losses on commitments and contingencies is adequate. d. Information in respect of classification of “non-impaired” and “impaired” is disclosed in Note 61A. e. Deposits from customers and deposits from other banks pledged as collateral for bank guarantee and irrevocable letters of credit as at 31 December 2014 and 2013 amounting to Rp1,771,213 and Rp1,216,930, respectively Notes 21c and 24c.