GOVERNMENT BONDS Employee benefit continued

PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2011 AND 2010 Expressed in millions of Rupiah, unless otherwise stated Appendix 563 8. GOVERNMENT BONDS continued c. Other Information continued As at 31 December 2011 and 2010, Government Bonds with a total nominal amount of Rp6,658,679 and Rp5,254,163 had been pledged as collateral for fund borrowing from other bank Note 27d. In relation to the transition rule implementation of SFAS 50 Revised 2006 and SFAS 55 Revised 2006 effective on 1 January 2010, the Bank had the opportunity to reassess and reclassify their financial assets classification without consequences of “tanting rule”. As at 1 January 2010, the Bank decided to reclassify its Government Bonds amounting Rp38,000,000 from Held to Maturity to Available for Sale classification. The reclassification was done based on the fair value as at 1 January 2010 and the unrealised losses from decrease in fair value of marketable securities amounting to Rp404,255 was recorded as unrealised loss on decrease in fair value of securities and Government Bonds classified as available for sale, net of deferred tax.

9. OTHER RECEIVABLES - TRADE TRANSACTIONS

a. By Type, Currency, Related Parties and Third Parties: 2011 2010 Rupiah: Related parties Note 51 Usance LC payable at sight 14,705 457,435 Others 1,266,099 - 1,280,804 457,435 Third parties Usance LC payable at sight 340,078 1,575,921 Others 560,621 171,346 900,699 1,747,267 Total Rupiah 2,181,503 2,204,702 Foreign currencies: Related parties Note 51 Usance LC payable at sight 1,442,333 107,365 Others 29,574 - 1,471,907 107,365 Third parties Usance LC payable at sight 1,018,070 724,860 Others 1,219,810 684,986 2,237,880 1,409,846 Total foreign currencies Note 57B.v 3,709,787 1,517,211 Total 5,891,290 3,721,913 Less: Allowance for impairment losses 1,079,302 1,146,327 4,811,988 2,575,586 PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2011 AND 2010 Expressed in millions of Rupiah, unless otherwise stated Appendix 564 9. OTHER RECEIVABLES - TRADE TRANSACTIONS continued b. By Bank Indonesia’s Collectibility: 2011 2010 Current 4,757,886 2,452,679 Special mention 331,300 493,233 Sub-standard - 4,117 Doubtful 5,718 - Loss 796,386 771,884 Total 5,891,290 3,721,913 Less: Allowance for impairment losses 1,079,302 1,146,327 4,811,988 2,575,586 c. By Maturity: 2011 2010 Rupiah: Less than 1 month 646,100 497,723 1 – 3 months 1,085,617 787,223 3 – 6 months 284,686 773,812 6 – 12 months 19,156 - Over 12 months 145,944 145,944 Total Rupiah 2,181,503 2,204,702 Foreign currencies: Less than 1 month 750,253 197,218 1 - 3 months 566,324 421,403 3 - 6 months 1,743,237 272,070 6 - 12 months 20,038 579 Over 12 months 629,935 625,941 Total foreign currencies Note 57B.v 3,709,787 1,517,21 1 Total 5,891,290 3,721,91 3 Less: Allowance for impairment losses 1,079,302 1,146,327 4,811,988 2,575,586 d. Movements of allowance for impairment losses on other receivables - trade transactions: 2011 2010 Balance at beginning of year 1,146,327 844,781 Adjustment to opening balance relating to implementation of SFAS 55 Revised 2006 Note 50 - 59,563 Reversalallowance during the year Note 39 98,692 269,594 Others 31,667 27,611 Balance at end of year 1,079,302 1,146,327 Includes effect of foreign exchange translation. Management believes that the allowance for impairment losses on other receivables - trade transactions is adequate. e. Information in respect of classification of “non-impaired” and “impaired” is disclosed in Note 57A. PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2011 AND 2010 Expressed in millions of Rupiah, unless otherwise stated Appendix 565 10. SECURITIES PURCHASED UNDER RESALE AGREEMENTS a. Securities purchased under resale agreements 31 December 2011 Type of Securities Starting Date Maturity Date Resale Amount Unamortised Interest Carrying Amount Rupiah Related Parties Note 51 Obligasi VR0026 28112011 28022012 409,442 3,546 405,896 Obligasi VR0028 13102011 13012012 254,308 534 253,774 Obligasi VR0023 28112011 28022012 99,898 865 99,033 Total Related Parties 763,648 4,945 758,703 Third Parties Obligasi FR0052 04112012 16022012 1,194,016 7,875 1,186,141 Obligasi FR0052 04112011 16022012 1,194,016 7,875 1,186,141 Obligasi FR0057 08112011 16022012 1,130,647 7,420 1,123,227 Obligasi FR0052 04112011 16022012 1,072,823 7,087 1,065,736 Obligasi FR0045 08112011 16022012 612,085 4,017 608,068 Obligasi FR0053 14122011 16012012 490,555 977 489,578 Obligasi FR0058 08112011 16022012 447,312 2,935 444,377 Obligasi FR0040 13122011 06012012 371,563 247 371,316 Obligasi FR0040 23122011 25012012 352,873 1,136 351,737 Obligasi FR0047 20122011 20012012 307,955 785 307,170 Obligasi FR0044 28122011 01022012 302,050 1,256 300,794 Obligasi FR0057 08112011 16022012 274,124 1,799 272,325 Obligasi FR0040 27122011 27012012 272,010 949 271,061 Obligasi FR0052 04112011 16022012 265,337 1,750 263,587 Obligasi FR0057 20122011 20012012 261,182 666 260,516 Obligasi FR0036 13122011 06012012 239,408 159 239,249 Obligasi FR0040 20122011 20012012 233,198 594 232,604 Obligasi FR0042 23122011 25012012 222,104 715 221,389 Obligasi FR0042 20122011 20012012 221,238 564 220,674 Obligasi FR0043 23122011 25012012 220,056 708 219,348 Obligasi FR0056 22122011 19012012 177,944 430 177,514 Obligasi FR0059 23122011 25012012 177,612 572 177,040 Obligasi FR0036 22122011 19012012 177,273 428 176,845 Obligasi FR0048 22122011 19012012 143,290 346 142,944 Obligasi FR0045 19122011 19012012 128,744 311 128,433 Obligasi FR0045 19122011 19012012 128,744 311 128,433 Obligasi FR0045 19122011 19012012 128,744 311 128,433 Obligasi FR0045 19122011 19012012 128,744 311 128,433 Obligasi FR0040 19122011 19012012 128,489 310 128,179 Obligasi FR0040 19122011 19012012 128,489 310 128,179 Obligasi FR0040 19122011 19012012 128,489 310 128,179 SBSN 08122011 05012012 99,753 64 99,689 Obligasi FR0045 19122011 19012012 76,174 184 75,990 SBSN 28122011 25012011 49,849 158 49,691 Obligasi FR0056 23122011 25012012 49,299 159 49,140 Obligasi FR0040 19122011 19012012 46,723 113 46,610 SBSN 28122011 25012011 38,882 124 38,758 Obligasi FR0044 27122011 27012012 32,933 115 32,818 SBSN 28122011 25012011 10,871 35 10,836 Total Third Parties 11,665,598 54,416 11,611,182 Total 12,429,246 59,361 12,369,885 Allowance for impairment losses - Net 12,369,885 PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2011 AND 2010 Expressed in millions of Rupiah, unless otherwise stated Appendix 566 10. SECURITIES PURCHASED UNDER RESALE AGREEMENTS continued a. Securities purchased under resale agreements continued 31 December 2010 Type of Securities Starting Date Maturity Date Resale Amount Unamortised Interest Carrying Amount Rupiah Related Parties Note 51 Obligasi VR0031 22112010 22022011 512,706 5,178 507,528 Obligasi VR0021 22112010 22022011 252,166 2,547 249,619 Total Related Parties 764,872 7,725 757,147 Third Parties Obligasi FR0019 29122010 24022011 895,130 8,244 886,886 Obligasi FR0023 29122010 24022011 815,122 7,507 807,615 SPN 15112010 16022011 755,641 6,359 749,282 Obligasi FR0040 12112010 14022011 513,972 4,136 509,836 Obligasi VR0020 8122010 7032011 508,368 6,112 502,256 Obligasi VR0020 8102010 8042011 482,151 8,874 473,277 SPN 29122010 24022011 462,355 4,258 458,097 SPN 29122010 24022011 366,688 3,377 363,311 Obligasi VR0029 8112010 7022011 351,624 2,458 349,166 SBI 16122010 16032011 330,857 4,514 326,343 SBI 28122010 28012011 301,786 1,463 300,323 Obligasi VR0028 11102010 11042011 306,057 5,807 300,250 SPN 29122010 24022011 275,710 2,539 273,171 SBI 24112010 24022011 269,241 2,660 266,581 Obligasi VR0029 11102010 11042011 250,325 4,750 245,575 SBI 24112010 24022011 246,804 2,439 244,365 SPN 29122010 24022011 230,410 2,122 228,288 SBI 24112010 24022011 224,368 2,217 222,151 SBI 24112010 24022011 201,931 1,995 199,936 Obligasi FR0044 15112010 16022011 181,564 1,528 180,036 SBI 16122010 16032011 178,359 2,434 175,925 SPN 15112010 16022011 83,960 707 83,253 SBI 24112010 24022011 75,378 745 74,633 Saham 25112010 23022011 3,131 77 3,054 Total Third Parties 8,310,932 87,322 8,223,610 Total 9,075,80 4 95,047 8,980,757 Allowance for impairment losses - Net 8,980,757