PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Year Ended December 31, 2006 With Comparative Figures For 2005
Expressed in millions of Rupiah, unless otherwise stated
66
15. OTHER ASSETS continued
Included in others is purchased loans from IBRA amounting to RpNil and Rp2,288 in 2006 and 2005, respectively in which related cessie agreements to these loans are still in the process of finalization Note
11. As of 31 December, 2006 all related cessie agreements to loans from IBRA have been finalized.
The allowance for possible losses amounting to Rp994,703 and Rp427,225 as of December 31, 2006 and 2005, respectively, was provided to cover possible losses arising from inter-branch accounts and other
assets. Bank Mandiri’s management believes that the allowance is adequate to cover possible losses arising from other assets.
Movement of allowance for possible losses on other assets are as follows:
2006 2005
Balance at beginning of year 427,225
1,880,346 Provisionreversal during the year
53,663 797,841
Utilization during the year open items written off -
1,089,404 Others
513,815 434,124
Balance at end of year 994,703 427,225
Includes effect of foreign currency translation.
16. DEPOSITS FROM CUSTOMERS - DEMAND DEPOSITS
a. By Currency and Related Parties and Third Parties:
2006 2005
Rupiah: Related parties Note 47
83,524 82,377
Third parties 35,366,597 31,145,666
Total Rupiah 35,450,121 31,228,043
Foreign Currency:
Related parties Note 47 249,988
232,584 Third parties
13,112,644 14,949,643 Total Foreign Currency
13,362,632 15,182,227
48,812,753 46,410,270
Included in demand deposits are wadiah deposits amounting to Rp2,058,994 and Rp1,261,474 as of December 31, 2006 and 2005, respectively.
b. Average Interest Rates and Range of Bonuses per Annum: Average interest rates per annum:
2006 2005
Rupiah 3.26 3.52
Foreign Currency 2.59 1.84
Range of bonuses per annum on wadiah deposits:
2006 2005
Rupiah 1.09 -1.42
1.31 - 2.90 Foreign Currency
1.24 -1.95 0.26 - 1.98
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Year Ended December 31, 2006 With Comparative Figures For 2005
Expressed in millions of Rupiah, unless otherwise stated
67
16. DEPOSITS FROM CUSTOMERS - DEMAND DEPOSITS continued
c. As of December 31, 2006 and 2005, demand deposits pledged by borrowers as collateral for bank guarantees, loans and trade finance facilities amounted to Rp859,951 and Rp780,244 respectively.
17. DEPOSITS FROM CUSTOMERS - SAVINGS DEPOSITS
a. By Type and Currency:
2006 2005
Rupiah: Mandiri
Savings 57,283,153 44,857,580
Mudharabah Savings 2,662,402
1,988,476 Mandiri
Haji Savings 358,006
307,122 60,303,561 47,153,178
b. As of December 31, 2006 and 2005, Bank Mandiri had saving deposits from related party amounting to Rp46,355 and Rp23,276 respectively, or 0.08 and 0.05 from total saving deposits Note 47.
c. Annual average interest rates of savings deposits for the years ended December 31, 2006 and 2005 were 4.53 and 4.33, respectively.
d. Profit sharing
for mudharabah savings ranged from 2.73 to 7.39 and 5.72 to 6.57 for the years
ended December 31, 2006 and 2005, respectively.
18. DEPOSITS FROM CUSTOMERS - TIME DEPOSITS
