NET INVESTMENT FINANCE LEASES

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated 111

15. ACCEPTANCES RECEIVABLE continued

d. Movements of allowance for impairment losses on acceptance receivables: December 31, December 31, 2015 2014 Beginning balance 106,927 63,481 Allowancereversal during the year Note 44 16,822 44,873 Others 16,925 1,427 Ending balance 107,030 106,927 Includes effect of foreign currency translation. Management believes that the allowance for impairment losses on acceptance receivables is adequate. e. Information in respect of classification of “non-impaired” and “impaired” is disclosed in Note 61A. 16. INVESTMENT IN SHARES a. The detail of investment in shares are as follows: December 31, December 31, 2015 2014 Investment in shares 58,644 58,672 Less: Allowance for impairment losses 10,250 3,182 48,394 55,490 The detail of investment in shares as of December 31, 2015 are as follows: Investee Nature Percentage of Carrying Companies of Business Ownership Amount Fair Value Method: W estech Electronics Trading and retail 5.50 138 Cost and Equity Method PT Istaka Karya Persero Construction service 5.00 50,331 Others each less than Rp3,000 Various 3.99 - 34.00 8,175 58,644 Less: Allowance for impairment losses 10,250 Net 48,394 The detail of investment in shares as of December 31, 2014 are as follows: Investee Nature Percentage of Carrying Companies of Business Ownership Amount Fair Value Method: W estech Electronics Trading and retail 5.50 266 Cost and Equity Method: PT Istaka Karya Persero Construction service 5.00 50,331 Others each less than Rp3,000 Various 3.99 - 34.00 8,075 58,672 Less: Allowance for impairment losses 3,182 Net 55,490 PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated 112

16. INVESTMENT IN SHARES continued

b. Investment in shares by Bank Indonesia’s collectibility: December 31, December 31, 2015 2014 Current 8,175 58,405 Substandard 50,331 - Doubtful - 266 Loss 138 1 58,644 58,672 Less: Allowance for impairment losses 10,250 3,182 Net 48,394 55,490 c. Movements of allowance for impairment losses on investment in shares: December 31, December 31, 2015 2014 Beginning balance 3,182 3,224 Allowancereversal during the year Note 44 7,087 488 Others 19 446 Ending balance 10,250 3,182 Includes effect of foreign currency translation Management believes that the allowance for impairment losses on investment in shares is adequate. 17. PREPAID EXPENSES December 31, December 31, 2015 2014 Prepaid rent 1,299,001 1,017,201 Building maintenance 587,060 557,942 Others 413,791 262,357 2,299,852 1,837,500 Prepaid rent mostly consists of rentals on buildings which are used as the Group branch’s offices and official residence across Indonesia.