NET INVESTMENT IN FINANCE LEASE continued ACCEPTANCES RECEIVABLE

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 120

16. INVESTMENT IN SHARES continued

b. Investment in shares by Bank Indonesia’s collectibility: December 31, December 31, 2016 2015 Current 202,958 8,175 Substandard 50,331 50,331 Loss 2,120 138 255,409 58,644 Less: Allowance for impairment losses 10,273 10,250 Net 245,136 48,394 c. Movements of allowance for impairment losses on investment in shares: December 31, December 31, 2016 2015 Beginning balance 10,250 3,182 Allowance during the year Note 44 33 7,087 Others 10 19 Ending balance 10,273 10,250 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, 2016 2015 Prepaid rent 1,519,688 1,299,001 Building maintenance 679,240 587,060 Others 552,153 413,791 2,751,081 2,299,852 Prepaid rent mostly consists of rentals on buildings which are used as the Group branch’s offices and official residence across Indonesia. 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 121

18. FIXED ASSETS

The details of fixed assets were as follows: December 31, 2016 Beginning Ending Balance Additions Deductions Reclassifications balance At costrevaluation value Direct ownership Land 2,845,929 25,971,488 - 5,758 28,823,175 Building 4,069,068 254,429 114 330,149 4,653,532 Furniture and fixtures, office equipment and computer 8,802,305 186,454 18,643 608,532 9,578,648 Vehicles 288,570 3,033 4,491 13,186 300,298 Construction in progress 1,451,759 874,669 31 957,625 1,368,772 17,457,631 27,290,073 23,279 - 44,724,425 Leased assets 12,495 - - - 12,495 17,470,126 27,290,073 23,279 - 44,736,920 Accumulated depreciation Note 49 Direct ownership Building 1,633,320 195,581 76 - 1,828,825 Furniture and fixtures, office equipment and computer 5,883,979 1,134,142 5,970 - 7,012,151 Vehicles 188,379 47,308 6,418 - 229,269 7,705,678 1,377,031 12,464 - 9,070,245 Leased assets 2,760 625 - - 3,385 7,708,438 1,377,656 12,464 - 9,073,630 Net book value Direct ownership Land 28,823,175 Building 2,824,707 Furniture and fixtures, office equipment and computer 2,566,497 Vehicles 71,029 Construction in progress 1,368,772 35,654,180 Leased assets 9,110 35,663,290 As of December 31, 2016 included in the addition is the revaluation of fixed assets amounting to Rp25,942,034. December 31, 2015 Beginning Ending Balance Additions Deductions Reclassifications Balance At cost Direct ownership Land 2,839,124 - - 6,805 2,845,929 Buildings 3,309,328 106,978 8,158 660,920 4,069,068 Furniture and fixtures, office equipment and computer 7,121,181 372,619 29,524 1,338,029 8,802,305 Vehicles 279,190 6,502 3,998 6,876 288,570 Construction in progress 1,925,734 1,538,731 76 2,012,630 1,451,759 15,474,557 2,024,830 41,756 - 17,457,631 Leased assets 12,495 - - - 12,495 15,487,052 2,024,830 41,756 - 17,470,126