PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2009, 2008 AND 2007
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5128 50. SEGMENT INFORMATION continued
Secondary Segment Information for the year ended 31 December 2007:
Indonesia Asia
West Europe Cayman Island
Elimination Consolidated
Operating income 26,589,718
298,933 206,341
210,584 -
27,305,576 Inter-segment operating income
320,708 -
- -
320,708 -
Operating income including inter-segment operating income
26,910,426 298,933
206,341 210,584
320,708 27,305,576
Operating expenses 20,351,904
184,005 144,040
412,710 -
21,092,659 Inter-segment operating expenses
21,428 -
- -
21,428 -
Operating expenses including inter-segment operating expenses
20,373,332 184,005
144,040 412,710
21,428 21,092,659
Income from operations 6,537,094
114,928 62,301
202,126 299,280
6,212,917 Net income
4,299,212 102,884
44,107 201,046
301,025 4,346,224
Total assets 306,354,573
3,658,886 2,654,475
9,375,346 2,957,690
319,085,590 Total assets as a percentage of
total consolidated assets prior to elimination
95.13 1.14
0.82 2.91
51. CAPITAL ADEQUACY RATIO
The Capital Adequacy Ratio CAR is the ratio of the Bank’s capital over its Risk-Weighted Assets RWA. Based on Bank Indonesia regulations, the total capital for credit risk consist of core Tier I capital and
supplementary capital Tier II less investments in subsidiaries. To calculate the market risk exposure, the Bank could include the supplementary capital Tier III in the form of short-term subordinated loans which
meet the criteria as capital components. The CAR of Bank Mandiri Bank Mandiri only as at 31 December 2009, 2008 and 2007 were as follows:
2009 2008
2007
Capital: Core Capital
24,473,234 22,182,866
23,194,122 Supplementary Capital
9,677,260 7,960,702
7,624,71 6 Total Core and Supplementary Capital
34,150,494 30,143,568
30,818,838 Less: Investments in subsidiaries
3,693,516 2,966,634
2,535,000 Total capital for credit risk and market risk
30,456,978 27,176,934
28,283,838 Credit RWA
195,833,993 172,833,315
133,960,413 Market RWA
1,592,975 699,652
2,355,524 Total Risk-Weighted Assets for credit and market risk
197,426,968 173,532,967
136,315,937 Excludes the impact of deferred tax expensebenefit of Rp145,719, Rp1,958,650 and Rp700,262 as at 31 December 2009,
2008 and 2007 and unrealised losses of available for sale Securities and Government Bonds available for sale of Rp 347,675, Rp236,543 and Rp5,097 as at 31 December 2009, 2008 and 2007. On 30 April 2003, Bank Mandiri underwent a quasi-
reorganisation which accumulated losses of Rp162,874,901 was eliminated against additional paid-in capitalagio.
2009 2008
2007
CAR for credit risk 15.55
15.72 21.11
CAR for credit risk and market risk 15.43
15.66 20.75
Minimum CAR 8.00
8.00 8.00
The Bank’s minimum capital adequacy ratio on a consolidated basis as at 31 December 2009 after considering market risk is 15.65 and without considering market risk is 15.78.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2009, 2008 AND 2007
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5129 52. NET OPEN POSITION
Net Open Position calculation as at 31 December 2009, 2008 and 2007 is based on Bank Indonesia’s Regulation No. 737PBI2005 dated 30 September 2005. Based on the regulation, banks are required to
maintain the overall Net Open Position and on balance sheet positions at a maximum of 20.00 from total capital. In accordance with Bank Indonesia guidelines, the overall Net Open Position ratio is the sum of
the absolute amount from the net difference between assets and liabilities for each foreign currency Rupiah equivalent and the net difference between receivables and payables from commitments and
contingencies for each foreign currency Rupiah equivalent. The on balance sheet position is the net difference between total assets and liabilities for each currency Rupiah equivalent.
Below is the Net Open Position of Bank Mandiri, as at 31 December 2009 by currency Rupiah equivalent:
Currency Assets
Liabilities Net Open Position
OVERALL ON BALANCE SHEET AND ADMINISTRATIVE ACCOUNTS
United States Dollar 60,281,348
59,556,415 724,933
Euro 1,396,804
1,344,045 52,759
Singapore Dollar 652,278
548,187 104,091
Japanese Yen 263,957
203,837 60,120
Australian Dollar 228,011
199,827 28,184
Hong Kong Dollar 159,873
185,748 25,875
Great Britain Pound Sterling 105,874
105,632 242
Others 56,510
6,972 50,354
Total 1,046,558
ON-BALANCE SHEET
United States Dollar 57,834,011
55,578,691 2,255,320
Euro 1,281,829
1,254,255 27,574
Singapore Dollar 579,546
415,951 163,595
Japanese Yen 206,926
72,916 134,010
Hong Kong Dollar 159,873
54,178 105,695
Australian Dollar 151,510
118,677 32,833
Great Britain Pound Sterling 89,344
90,467 1,123
Others 56,510
6,972 49,538
Total 2,767,442
Total Tier I and Tier II Capital less investments in subsidiaries Note 51
30,456,978 NOP Ratio On-Balance Sheet
9.09 NOP Ratio Overall
3.44
Below is the Net Open Position of Bank Mandiri, as at 31 December 2009 if calculated using November 2009 capital unaudited:
Total Capital November 2009 26,382,396
NOP Ratio On-Balance Sheet 10.49
NOP Ratio Overall 3.97
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2009, 2008 AND 2007
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5130 52. NET OPEN POSITION continued
Below is the Net Open Position of Bank Mandiri, as at 31 December 2008 by currency Rupiah equivalent:
Currency Assets
Liabilities Net Open Position
OVERALL ON BALANCE SHEET AND ADMINISTRATIVE ACCOUNTS
United States Dollar 61,593,324
63,497,969 1,904,645
Euro 917,496
886,840 30,656
Hong Kong Dollar 673,414
82,356 591,058
Singapore Dollar 369,806
352,951 16,855
Japanese Yen 295,094
296,794 1,700
Australian Dollar 145,389
124,161 21,228
Great Britain Pound Sterling 129,950
37,564 92,386
Others 35,765
6,466 29,299
Total 2,687,827
ON-BALANCE SHEET
United States Dollar 60,108,482
59,666,442 442,040
Euro 903,675
834,465 69,210
Hong Kong Dollar 372,507
91,185 281,322
Singapore Dollar 331,603
330,011 1,592
Japanese Yen 283,981
279,351 4,630
Australian Dollar 145,019
121,895 23,124
Great Britain Pound Sterling 86,938
18,589 68,349
Others 35,765
6,466 29,299
Total 919,566
Total Tier I and Tier II Capital less investments in subsidiaries Note 51
27,176,934 NOP Ratio On-Balance Sheet
3.38 NOP Ratio Overall
9.89
Below is the Net Open Position of Bank Mandiri, as at 31 December 2008 if calculated using November 2008 capital unaudited:
Total Capital November 2008 28,285,306
NOP Ratio On-Balance Sheet 3.25
NOP Ratio Overall 9.50
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2009, 2008 AND 2007
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5131 52. NET OPEN POSITION continued
Below is the Net Open Position of Bank Mandiri, as at 31 December 2007 by currency Rupiah equivalent:
Currency Assets
Liabilities Net Open Position
OVERALL ON BALANCE SHEET AND ADMINISTRATIVE ACCOUNTS
United States Dollar 54,175,402
55,037,509 862,107
Euro 1,003,792
929,991 73,801
Hong Kong Dollar 350,233
102,891 247,342
Singapore Dollar 295,974
221,501 74,473
Japanese Yen 227,332
177,165 50,167
Great Britain Pound Sterling 161,183
19,435 180,618
Australian Dollar 118,508
65,045 53,463
Others 46,460
22,229 31,179
Total 1,573,150
ON-BALANCE SHEET
United States Dollar 48,996,492
49,949,573 953,081
Euro 997,020
904,992 92,028
Singapore Dollar 289,937
201,024 88,913
Hong Kong Dollar 239,622
102,891 136,731
Japanese Yen 171,041
134,694 36,347
Great Britain Pound Sterling 123,005
12,983 110,022
Australian Dollar 110,137
29,792 80,345
Others 41,713
7,885 33,828
Total 374,867
Total Tier I and Tier II Capital less investments in subsidiaries Note 51
28,283,838 NOP Ratio On-Balance Sheet
1.33 NOP Ratio Overall
5.56
Below is the Net Open Position of Bank Mandiri, as at 31 December 2007 if calculated using November 2007 capital unaudited:
Total Capital November 2007 28,204,492
NOP Ratio On-Balance Sheet 1.33
NOP Ratio Overall 5.58
Sum from the absolute amount of difference between assets and liabilities from other foreign currencies. Sum from the amount of difference between assets and liabilities from other foreign currencies.
53. NON-PERFORMING EARNING ASSETS RATIO, ALLOWANCE FOR POSSIBLE LOSSES ON EARNING ASSETS RATIO, SMALL-SCALE LOANS RATIO AND LEGAL LENDING LIMIT
Non-performing earning assets to total earning assets ratio as at 31 December 2009, 2008 and 2007 Bank Mandiri only were 1,72, 2.98 and 4.52, respectively. The Non-Performing Loan NPL ratio
Bank Mandiri only before deducted by the allowance for possible losses gross basis as at 31 December 2009, 2008 and 2007 were 2.62, 4.69 and 7.33, respectively Note 11A.d.
The ratio of total allowance for possible losses on earning assets provided by Bank Mandiri compared to the minimum allowance for possible losses on earning assets under the guidelines prescribed by
Bank Indonesia as at 31 December 2009, 2008 and 2007 were 107.28, 103.76 and 104.22, respectively.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2009, 2008 AND 2007
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5132 53. NON-PERFORMING EARNING ASSETS RATIO, ALLOWANCE FOR POSSIBLE LOSSES ON
EARNING ASSETS RATIO, SMALL-SCALE LOANS RATIO AND LEGAL LENDING LIMIT continued
The ratio of small-scale loans to total loans provided by Bank Mandiri as at 31 December 2009, 2008 and 2007 were 3.23, 2.66 and 3.31, respectively.
The Legal Lending Limit LLL as at 31 December 2009, 2008 and 2007 did not exceed the LLL regulation for related parties and third parties. LLL is calculated in accordance with Bank Indonesia
Regulation - PBI No. 73PBI2005 dated 20 January 2005 regarding Legal Lending Limit for Commercial Bank as amended in PBI No. 813PBI2006 dated 5 October 2006.
54. CUSTODIAL AND TRUST OPERATIONS
