MARKETABLE SECURITIES ISSUED continued Subordinated notes sharia mudharabah

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 143

31. ESTIMATED LOSSES ON COMMITMENTS AND CONTINGENCIES continued

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 of December 31, 2016 and 2015 are amounting to Rp2,943,910 and Rp2,596,228, respectively Notes 21c and 24c. 32. ACCRUED EXPENSES December 31, December 31, 2016 2015 Interest expenses 1,234,878 969,433 Fixed asset and software procurement 1,068,211 1,073,300 Outsourcing expenses 343,986 287,102 Promotions 216,029 232,779 Employee related costs: uniform, recreation and others 35,458 67,326 Others 844,934 860,861 3,743,496 3,490,801 Included in the fixed asset and software procurement are payables to vendors related with operational and maintenance activities for buildings, equipments, software, ATM machines and Bank’s IT System. Others consist of accrued expenses related to fees accrued that should be paid to FSA and Bank operational activities, such as data communication costs and the cost of electricity, water and gas. 33. TAXATION

a. Prepaid taxes December 31, December 31,

2016 2015 Bank Mandiri 2,421,556 4,570,305 Subsidiaries 191,151 247,091 2,612,707 4,817,396

b. Taxes payable December 31, December 31,

2016 2015 Current income taxes payable Bank Mandiri Corporate Income Tax - Article 29 558,254 1,065,696 Subsidiaries Corporate Income Tax - Article 29 102,693 194,096 660,947 1,259,792 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 144

33. TAXATION b. Taxes payable continued

December 31, December 31, 2016 2015 Others income taxes payable Bank Mandiri Income Tax Article 25 - 255,893 Article 21 122,588 122,795 Article 4 2 277,193 256,196 Others 94,705 100,764 494,486 735,648 Subsidiaries 103,359 136,176 597,845 871,824 Total taxes payable 1,258,792 2,131,616 c. Tax benefitexpense Year ended December 31, 2016 2015 Tax expense - current: Bank Mandiri 4,435,708 4,932,830 Subsidiaries 653,216 615,228 5,088,924 5,548,058 Tax benefitexpense - deferred: Bank Mandiri 1,182,488 337,514 Subsidiaries 16,366 6,488 1,166,122 331,026 3,922,802 5,217,032 As explained in Note 2ad, income tax for Bank Mandiri and its Subsidiaries are calculated for each company as a separate legal entity.