PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
81
7. MARKETABLE SECURITIES continued
e. Details of bonds by rating continued:
Rating Fair valueat costamortised cost
December 31, December 31,
December 31, December 31,
Rating Agencies 2015
2014 2015
2014 Foreign currencies
Available for sale Marketable securities
Bonds PT Pertamina Persero
Moody’sFitch Baa3
BBB- 4,217,700
3,803,297 PT Perusahaan Listrik
Negara Persero Pefindo
idAAA idAAA
1,049,993 213,177
PT Bank Negara Indonesia Persero
Tbk. Moody’s
Baa3 Baa3
292,018 407,219
PT Perusahaan Gas Negara Persero Tbk. Moody’s
Baa3 Baa3
132,751 88,608
Bank of China Hongkong, Ltd
SP A+
A+ 132,704
25,563 PT Bank Rakyat
Indonesia Persero Tbk.
Moody’s Baa3
Baa3 122,204
122,612 PT Pelindo Persero
Moodys Baa3
- 73,320
- Bank Of East Asia
SP -
A- -
27,421 6,020,690
4,687,897
Total 6,020,690
4,687,897
Information on rating of bonds were obtained from Bloomberg, which is based on ratings issued by the rating agencies, such as Pemeringkat Efek Indonesia Pefindo, Standard and Poor’s, Moody’s and Fitch Ratings.
f. Average interest rate yield per annum:
December 31, December 31, 2015
2014
Rupiah 7.85
6.74 Foreign currencies
3.88 5.56
g. Movements of allowance for impairment losses on marketable securities:
December 31, December 31, 2015
2014
Beginning balance 301,779
317,066 Allowance during the year Note 44
34,394 18,804
Others 27,004
34,091
Balance at end of year 309,169
301,779
Includes effect of foreign exchange translation.
Management believes that the allowance for impairment losses on marketable securities is adequate.
h. Information in respect of classification of “non-impaired” and “impaired” is disclosed in Note 61A.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
82
7. MARKETABLE SECURITIES continued
i. Investment in mutual fund of the Bank are classified as available for sale:
December 31, December 31, 2015
2014
Protected Mutual Fund BNP Paribas Selaras IV 2,513,844
- Protected Mutual Fund Schroder IDR Income Plan I
1,005,484 -
Protected Mutual Fund Emco VII 905,628
- Protected Mutual Fund Emco VIII
603,764 -
Protected Mutual Fund Emco Terproteksi 412,883
411,671 Protected Mutual Fund BNP Paribas Selaras
- 1,507,907
Protected Mutual Fund BNP Paribas Selaras II -
1,010,412 Protected Mutual Fund Schroder Income Plan X
- 808,405
Protected Mutual Fund Schroder IDR Income Plan XI -
804,267 5,441,603
4,542,662
RDT Schroder Regular Income Plan XI and BNP Paribas Selaras II matured on April 2015, Reksa Dana Terproteksi BNP Paribas Selaras and Reksa Dana Terproteksi Schroder Regular Income
Plan X matured in November 2015. The main underlying assets of the mutual funds consist of government bonds.
j. As of December 31, 2015, marketable securities with total nominal amount are Rp500,000 December 31, 2014: Rp450,000 were sold under repurchase agreements Note 28.
k. As of December 31, 2015, marketable securities with total nominal amount USD65,000,000 full amount December 31, 2014: Rp65,000,000 full amount had been pledged as collateral for
funds borrowing from other banks Note 36c.
8. GOVERNMENT BONDS
This account consists of bonds issued by Government of the Republic of Indonesia which are obtained by the Group from primary and secondary markets as of December 31, 2015 and 2014, with details as
follows:
December 31, December 31, 2015
2014
Related party Note 55 Government bonds
Fair value through profit or loss 1,583,907
1,745,205 Available for sale
74,153,603 61,187,145
Held to maturity 20,811,293
21,195,694 At cost
6,054,722 875,973
Investments in unit-linked contracts Fair value through profit or loss
1,265,836 1,149,889
103,869,361 86,153,906
Government bonds owned by Subsidiary which was recorded in accordance with SFAS 110 “Accounting for Sukuk”. Investments in unit-link contracts are investments owned by policyholders of Subsidiary’s unit-linked contracts which are presented at fair value.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
83
8. GOVERNMENT BONDS continued
a. By maturity The government bonds, by remaining period of maturity, are as follows:
December 31, December 31, 2015
2014 Rupiah
Fair value through profit or loss Government bond
Less than 1 year 621,972
114,550 1 - 5 years
384,211 601,347
5 - 10 years 407,901
410,816 Over 10 years
137,447 618,492
1,551,531 1,745,205
Investments in unit-link contracts Less than 1 year
210,782 18,721
1 - 5 years 44,968
97,069 5 - 10 years
525,698 562,420
Over 10 years 484,388
471,679 1,265,836
1,149,889 2,817,367
2,895,094
Available for sale
Less than 1 year 2,576,119
1,895,913 1 - 5 years
43,744,002 22,979,323
5 - 10 years 3,097,608
24,716,089 Over 10 years
514,063 -
49,931,792 49,591,325
Held to maturity
Less than 1 year 10,897,849
412,758 1 - 5 years
9,439,045 20,326,052
5 - 10 years 50,272
40,756 Over 10 years
148,349 157,528
20,535,515 20,937,094
At cost
Less than 1 year 2,890,495
714,000 1 - 5 years
3,013,879 23,385
5,904,374 737,385
Total 79,189,048
74,160,898
Government bonds owned by Subsidiary which was recorded in accordance with SFAS 110 “Accounting for Sukuk”. Investments in unit-linked contracts are investments owned by policyholders of Subsidiary’s unit-linked contracts which are presented at
fair value.