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
31
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
ad. Reclassification of Accounts Certain accounts in the December 31, 2005 consolidated financial statements have been reclassified to
conform to the presentation of accounts in the December 31, 2006 consolidated financial statements as follows:
December 31, 2005 As Previously
As Currently Accounts Description
Reported Reclassification
Reported Gains from Sale of Securities and
Government Recapitalization Bonds 456,494
201,036 255,458
Interest income 20,165,414
201,036 20,366,450
Premises and Equipment Revaluation Increment
3,056,724 9,788
3,046,936 Difference Arising from Transactions
Resulting in Changes in the Equity of
Subsidiaries 23,527
9,464 14,063
Minority Interests in Net Assets of Consolidated
Subsidiaries 4,381
324 4,705
3. CURRENT ACCOUNTS WITH BANK INDONESIA
2006 2005
Rupiah 20,457,558 18,896,163
United States Dollar 1,121,600 1,408,542
21,579,158 20,304,705
The current accounts with Bank Indonesia are primarily maintained to meet the minimum reserve requirements of Bank Indonesia of 11.73 and 3.01 as of December 31, 2006 2005: 11 and 3 of
Rupiah and US Dollar deposits, respectively.
The realization of the minimum reserve requirement ratio of Bank Mandiri for its Rupiah and US Dollar accounts as of December 31, 2006 and 2005, is as follows:
2006 2005
Rupiah 11.73 11.30
United States Dollar 3.01 3.01
4. CURRENT ACCOUNTS WITH OTHER BANKS
a. By Currency:
2006 2005
Rupiah 12,816 3,654
Foreign Currency 535,567 701,674
Total 548,383 705,328
Less: Allowance for Possible Losses 11,149
7,725 537,234 697,603
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
32
4. CURRENT ACCOUNTS WITH OTHER BANKS continued
b. By Collectibility:
As of December 31, 2006 and 2005, all current accounts with other banks were classified as current. c. By Related Party and Third Party:
As of December 31, 2006 and 2005, current accounts with related party were Rp70 and Rp53 respectively Note 47.
d. Average Interest Rate per Annum:
2006 2005
Rupiah 0.83 0.53
Foreign Currency 1.92 1.32
e. Movements of allowance for possible losses on current accounts with other banks:
2006 2005
Balance at beginning of year 7,725
6,557 Provision during the year Note 36
4,101 1,278
Others 677 110
Balance at end of year 11,149 7,725
Includes effect of foreign currency translation.
Management believes that the allowance for possible losses on current accounts with other banks is adequate.
5. PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS
