PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2007 and 2006 Expressed in millions of Rupiah, unless otherwise stated
66
15. OTHER ASSETS continued
Accrued Income Accrued income primarily comprises accrued interest receivable from placements, securities, Government
Bonds, loans, and accrued fees and commissions. Others
2007 2006
Rupiah: Receivables from customer transactions
1,050,521 713,357
Abandoned properties - net of accumulated losses arising from difference in net realizable value of Rp29,248 and Rp28,762
as of December 31, 2007 and 2006 304,845
416,167 Prepaid expenses
274,418 303,804
Repossessed assets - net of accumulated losses arising from difference in net realizable value of Rp10,451 and Rp10,451
as of December 31, 2007 and 2006 186,953
188,094 Interbranch account - net
125,141 201,152
Prepaid taxes 7,043
7,356 Interest receivables from financial institutions
1,186 254,004
Others 972,119
1,630,052 Total Rupiah
2,922,226 3,713,986
Foreign Currency: Prepaid expenses
19,800 21,041
Receivables from customer transactions 15,152
16,052 Interest receivables from financial institutions
- 17,601
Others 1,143,355
528,318 Total Foreign Currency
1,178,307 583,012
Total 4,100,533
4,296,998 Less: Allowance for possible losses
612,638 994,703
3,487,895 3,302,295
Receivables from customer transactions primarily consist of securities transactions from PT Mandiri Sekuritas a Subsidiary.
Prepaid expenses consist of payments made in advance mostly relating to housing rental, building maintenance and prepayment for customer guarantee program to Lembaga Penjamin Simpanan LPS.
Movement of allowance for possible losses on other assets are as follows:
2007 2006
Balance at beginning of year 994,703
427,225 Provision during the year Note 37
73,424 53,663
Reversal during the year Note 37 281,496
- Reclassification during the year
133,290 -
Settlement during the year 46,513
- Write offs during the year
5,076 -
Others 10,886
513,815
Balance at end of year 612,638
994,703
Includes effect of foreign currency translation.
Management believes that the allowance for possible losses is adequate to cover possible losses from other assets.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2007 and 2006 Expressed in millions of Rupiah, unless otherwise stated
67
16. DEPOSITS FROM CUSTOMERS - DEMAND DEPOSITS
a. By Currency and Related Parties and Third Parties:
2007 2006
Rupiah: Related parties Note 47a
122,420 83,524
Third parties 51,926,055
35,366,597 Total Rupiah
52,048,475 35,450,121
Foreign Currency: Related parties Note 47a
8,102 249,988
Third parties 14,954,374
13,112,644 Total Foreign Currency
14,962,476 13,362,632
67,010,951 48,812,753
Included in demand deposits are wadiah deposits amounting to Rp1,631,330 and Rp2,058,994 as of December 31, 2007 and 2006, respectively.
b. Average Interest Rates and Range of Bonuses per Annum: Average interest rates per annum:
2007 2006
Rupiah 2.65
3.26 Foreign Currency
1.89 2.59
Range of bonuses per annum on wadiah deposits:
2007 2006
Rupiah 0.91 - 1.07
1.09 -1.42 Foreign Currency
0.23 - 2.64 1.24 -1.95
c. As of December 31, 2007 and 2006, demand deposits pledged by borrowers as collateral for bank guarantees, loans and trade finance facilities amounted to Rp575,005 and Rp859,951, respectively.
17. DEPOSITS FROM CUSTOMERS - SAVINGS DEPOSITS
a. By Type and Currency:
2007 2006
Rupiah: Mandiri Savings
81,074,229 57,283,153
Mudharabah Savings 3,860,425
2,662,402 Mandiri Haji Savings
424,160 358,006
85,358,814 60,303,561
b. As of December 31, 2007 and 2006, Bank Mandiri had saving deposits from related party amounting to Rp42,844 and Rp46,355, respectively, or 0.05 and 0.08 from total saving deposits Note 47a.
c. Annual average interest rates of savings deposits for the years ended December 31, 2007 and 2006 were 3.68 and 4.53, respectively.
d. Profit sharing for mudharabah savings ranged from 0.29 to 6.98 and 2.73 to 7.39 for the years ended December 31, 2007 and 2006, respectively.
