PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2003, April 30, 2003 and December 31, 2002 Expressed in millions of Rupiah, unless otherwise stated
54
10. DERIVATIVE RECEIVABLES AND PAYABLES continued
As of April 30, 2003, a summary of derivative transactions is as follows:
Transactions Notional Amount
Fair Value Derivative
Derivative Contract
Note 2l
Receivables Payables
Bank Mandiri only Third parties
Cross currency: 1. Forward - buy
US Dollar 283,055
273,841 -
9,214 2. Forward - sell
US Dollar
267,586 258,611
8,975 -
3. Swap - buy US
Dollar 232,604
231,316 55
1,343 4. Swap - sell
US Dollar
1,694,471 1,372,302 322,233
64 Others
Interest Rate Swap US
Dollar 88,578
- 419,841
10,621 Subsidiaries
Third parties Foreign Currency:
1. Forward - buy US
Dollar 59,980
57,918 -
2,062 3. Forward - sell
US Dollar
61,772 59,654
2,118 -
3. Swap - buy US
Dollar 71,322
70,877 -
445 2,118
2,507 Total
421,959 13,128
Less: Allowance for possible losses 4,198
-
417,761
13,128
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2003, April 30, 2003 and December 31, 2002 Expressed in millions of Rupiah, unless otherwise stated
55
10. DERIVATIVE RECEIVABLES AND PAYABLES continued
As of December 31, 2002, a summary of derivative transactions is as follows:
Transactions Notional Amount
Fair Value Derivative
Derivative Contract
Note 2l
Receivables Payables
Bank Mandiri only Third parties
Cross currency: 1. Forward - buy
US Dollar 119,541
116,798 127
2,870 Others
9,054 9,147
93 -
2. Forward - sell US
Dollar 124,162
121,270 3,007
115 Others
9,052 9,147
- 95
3. Swap - buy US
Dollar 162,494
161,100 3
1,397 4. Swap - sell
US Dollar
1,089,051 801,024
288,967 940
Others Interest Rate Swap
US Dollar
1,118,750 70,829
70,289 -
362,486 5,417
Subsidiary Third parties
Foreign Currency: 1. Forward - buy
US Dollar
75,144 77,459
2,462 147
2. Swap - buy US
Dollar 69,999
68,129 -
1,870 2,462
2,017 Total
364,948 7,434
Less: Allowance for possible losses 3,625
- 361,323
7,434
Movements of allowance for possible losses on derivative receivables:
For the 8-month For the 4-month
For the period ended
period ended year ended
December 31, 2003 April 30, 2003
December 31, 2002
______________ ____________
Balance at beginning of period 4,198
3,625 48
Provision during the period 6,145
573 3,577
______________ ____________
Balance at end of period 10,343
4,198 3,625
As of December 31, 2003, April 30, 2003 and December 31, 2002, all derivatives are classified as Current.
Management believes that the allowance for possible losses on derivative receivables is adequate.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2003, April 30, 2003 and December 31, 2002 Expressed in millions of Rupiah, unless otherwise stated
56
11. LOANS
A. Details of loans: a. By Currency and Related Parties and Third Parties:
December 31, April 30, December 31,
2003 2003
2002
Rupiah: Related parties
515,704 501,610
475,418 Third parties
47,677,466 41,240,910
39,035,326 48,193,170
41,742,520 39,510,744
Foreign Currency: Related parties
508,340 521,641
373,841 Third parties
27,241,110 27,139,752
25,532,663 27,749,450
27,661,393 25,906,504
Total 75,942,620
69,403,913 65,417,248
Less: Allowance for possible losses 8,890,383
9,879,080 8,906,545
Deferred income 209,573
203,946 164,284
66,842,664 59,320,887
56,346,419
b. By Type:
December 31, April 30, December 31,
2003 2003
2002
Rupiah: Working capital
23,075,411 19,585,221
17,959,436 Investment
13,867,587 12,257,518
11,395,818 Export
2,945,889 2,838,784
2,713,320 Consumer
2,806,793 1,232,667
1,652,150 Syndicated Note 11B.e
2,480,355 3,826,755
3,970,712 Government program Note 11B.d
1,741,660 1,694,233
1,530,757 Employees
1,275,475 292,342
288,551 Others
- 15,000
- 48,193,170
41,742,520 39,510,744
Foreign Currency: Working capital
6,906,254 7,785,720
7,830,603 Investment
11,922,801 12,036,462
9,837,491 Export
2,927,450 3,529,220
3,607,503 Consumer
63,055 62,449
21,301 Syndicated Note 11B.e
5,465,684 3,806,891
4,278,276 Government program Note 11B.d
101,547 103,028
52,268 Employees
265 660
668 Others
362,394 336,963
278,394 27,749,450
27,661,393 25,906,504
Total 75,942,620
69,403,913 65,417,248
Less: Allowance for possible losses 8,890,383
9,879,080 8,906,545
Deferred income 209,573
203,946 164,284
66,842,664 59,320,887
56,346,419
