POLICYHOLDERS’ INVESTMENT AND LIABILITY TO UNIT-LINKED HOLDERS

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011 Expressed in millions of Rupiah, unless otherwise stated Appendix 589 19. FIXED ASSETS The details of fixed assets were as follows: Movements from 1 January 2012 Beginning Ending to 31 December 2012 Balance Additions Deductions Reclassifications Balance CostRevalued Amount Direct ownership Land 2,780,439 3,111 4 - 2,783,546 Buildings 2,036,746 81,395 1,313 285,806 2,402,634 Furnitures, fixtures, office equipment and computer equipment 4,179,972 484,295 104,071 951,362 5,511,558 Vehicles 202,612 34,261 12,036 9,764 234,601 Construction in progress 1,183,097 1,065,604 5,838 1,246,932 995,931 10,382,866 1,668,666 123,262 - 11,928,270 Leased assets 12,495 - - - 12,495 10,395,361 1,668,666 123,262 - 11,940,765 Accumulated Depreciation Note 48 Direct ownership Buildings 1,169,521 98,703 469 49 1,267,706 Furnitures, fixtures, office equipment and computer equipment 3,102,078 490,583 17,621 49 3,575,089 Vehicles 74,256 30,764 10,625 - 94,395 4,345,855 620,050 28,715 - 4,937,190 Leased assets 260 625 - - 885 4,346,115 620,675 28,715 - 4,938,075 Net book value Direct ownership Land 2,783,546 Buildings 1,134,928 Furniture, fixtures, office equipment and computer equipment 1,936,469 Vehicles 140,206 Construction in progress 995,931 6,991,080 Leased assets 11,610 7,002,690 Construction in progress as at 31 December 2012 was comprised of: Balance Computers and other hardware that have not been installed 561,170 Buildings 348,069 Office equipment and inventory 66,816 Vehicles 3,206 Others 16,670 995,931 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011 Expressed in millions of Rupiah, unless otherwise stated Appendix 590 19. FIXED ASSETS continued The details of fixed assets were as follows continued: The estimated percentage of completion of construction in progress as at 31 December 2012 for computers and other hardware that have not been installed was ranging between 25 - 95. Movements from 1 January 2011 Beginning Ending to 31 December 2011 Balance Additions Deductions Reclassifications Balance CostRevalued Amount Direct ownership Land 2,780,205 312 78 - 2,780,439 Buildings 1,884,375 18,965 1,610 135,016 2,036,746 Furnitures, fixtures, office equipment and computer equipment 3,947,542 334,939 298,560 196,051 4,179,972 Vehicles 160,536 54,659 12,583 - 202,612 Construction in progress 712,873 798,024 - 327,800 1,183,097 9,485,531 1,206,899 312,831 3,267 10,382,866 Leased assets 3,267 12,495 - 3,267 12,495 9,488,798 1,219,394 312,831 - 10,395,361 Accumulated Depreciation Note 48 Direct ownership Buildings 1,091,391 78,299 169 - 1,169,521 Furnitures, fixtures, office equipment and computer equipment 3,081,188 308,979 290,158 2,069 3,102,078 Vehicles 61,202 24,946 11,892 - 74,256 4,233,781 412,224 302,219 2,069 4,345,855 Leased assets 1,960 369 - 2,069 260 4,235,741 412,593 302,219 - 4,346,115 Net book value Direct ownership Land 2,780,439 Buildings 867,225 Furniture, fixtures, office equipment and computer equipment 1,077,894 Vehicles 128,356 Construction in progress 1,183,097 6,037,011 Leased assets 12,235 6,049,246 Construction in progress as at 31 December 2011 was comprised of: Balance Computers and other hardware that have not been installed 705,410 Buildings 310,610 Office equipment and inventory 152,184 Vehicles 9,059 Others 5,834 1,183,097 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011 Expressed in millions of Rupiah, unless otherwise stated Appendix 591 19. FIXED ASSETS continued Others a. On 22 February 1990, the Bank signed a Joint Operation agreement KSO with PT Pakuwon Jati, where PT Pakuwon Jati will build a shopping center and office tower with 17 storeys and other supporting facilities on land owned by Bank Mandiri, which located on Jalan Basuki Rachmat No. 2, 4, 6 Surabaya. PT Pakuwon Jati is entitled to utilise the building for 22 years. The KSO agreement has matured on 21 February 2012 and the ownership of building has been transferred to Bank Mandiri. Through the Temporary utilisation agreement No. 05 dated 21 February 2012, developers can still utilise the building in the form of room rental for one year period until 20 February 2013. As at 20 February 2013, the agreement has been extended until 20 February 2014. However, the Bank has the right to terminate the agreement anytime if the Bank will utilise the building or transfer the rights to third party. On 14 June 1991, the Bank signed an Amendment I of Joint Operation agreement KSO with PT Duta Anggada Realty Tbk., in which PT Duta Anggada Realty Tbk. will build 2 office towers with 32 storeys on land owned by Bank Mandiri which located on Jalan Jenderal Sudirman lot 53-56, Jakarta. The agreement became effective from 14 June 1991 up to 20 years from the date of the construction was completed, but not longer than 23 years starting the construction was completed the office building will be handed over in May 2014 for the first tower and in May 2016 for the second tower. On the expiry date of the agreements, PT Duta Anggada Realty Tbk. will hand over the ownership of the building to Bank Mandiri. b. Estimated fair value of land and buildings owned by the Bank as at 31 December 2012 are determined using value of Sales Value of Tax Object NJOP. NJOP is regarded as the best estimates which reflect the fair value. As at 31 December 2012, the NJOP of land and buildings owned by the Bank are Rp8,199,856 and Rp1,859,879, respectively. Other than land and buildings, there are no significant difference between the estimated fair value and carrying value of fixed assets. c. Land rights acquired through Leasehold Certificate HGB that can be renewed will expire between 2014 to 2017. Based on past experience, the Group has the confidence to extend the HGB. d. All of fixed assets as at the reporting date are used to support the operating activities of the Group. e. Bank Mandiri have insured their fixed assets excluding land rights, construction in progress and leased assets to cover potential losses from risk of fire, theft and natural disaster with PT Asuransi Adira Dinamika, PT Asuransi Bina Dana Arta Tbk., PT Asuransi Bringin Sejahtera Artamakmur, PT Asuransi Dayin Mitra Tbk., PT Asuransi Himalaya Pelindung, PT Asuransi Indrapura, PT Asuransi Jasatania, PT Asuransi Jasa Indonesia Persero, PT Asuransi Jasaraharja Putera, PT Asuransi Jaya Proteksi, PT Asuransi Parolamas, PT Asuransi Raksa Pratikara, PT Asuransi Rama Satria Wibawa, PT Asuransi Ramayana Tbk., PT Asuransi Staco Mandiri formerly PT Asuransi Staco Jasapratama, PT Asuransi Umum Mega, PT Asuransi Wahana Tata, PT Caraka Mulia, PT Estika Jasatama, PT Gelora Karya Jasatama, PT Krida Upaya Tunggal, PT Asuransi Raya, PT Asuransi Purna Artanugraha and PT Mandiri AXA General Insurance formerly PT Asuransi Dharma Bangsa with total sum insured of Rp1,721,667 and USD76,357,754 full amount as at 31 December 2012 and Rp3,119,177 and USD75,699,481 full amount as at 31 December 2011. Management believes that the above insurance coverage is adequate to cover possible losses that may arise on the assets insured. Management also believes that there is no impairment of fixed assets as at 31 December 2012 and 2011.