PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2011 AND 2010
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5130 35. MANAGEMENT STOCK OPTION PLAN continued
MSOP Stage 3 continued
A summary of the Management Stock Option Plan and the movements during the periods full amount:
31 December 2010
Weighted average Weighted average fair
excercise price of Number of
value of options options
options full amount
full amount Value of options
Options outstanding at the beginning of the year
26,665,367 606.54
1,755 .97 16,174
Options exercised during the year 26,377,937
606.15 1,747 .98
15,989 Options have been expired
287,430 642.09
2,489.09 185
Options at the end of the year -
-
36. INTEREST AND SHARIA INCOME
Interest income consist of interest income and sharia income as follow:
2011 2010
Interest income Loans
26,602,988 22,434,166
Government Bonds 4,214,014
5,702,826 Marketable securities
1,386,642 2,146,955
Placements with Bank Indonesia and other banks 1,280,868
532,119 Consumer financing income
545,944 342,464
Others 309,272
392,632 Total
34,339,728 31,551,162
Sharia income Murabahah and Istishna income
2,180,579 1,378,570
Mudharabah income 636,928
550,452 Musyarakah income
558,025 442,861
Ijarah income - net 14,759
8,605 Total
3,390,291 2,3 80,488
Total Interest and Sharia Income 37,730,019
33,931,650
Included in interest income from loans is interest income recognised on the non-impaired portion of the impaired loans time value unwinding for the year ended 31 December 2011 and 2010 amounting
to Rp480,817and Rp515,916 and fees and commissions income directly attributable to lending activities amortised using effective interest rate method for the year ended 31 December 2011 and
2010 amounting to Rp799,445 and Rp550,277.
As of 31 December 2011 and 2010 included in inter est and sharia income is income from transaction with related parties on Government Bonds and Treasury Bill amounting to Rp4,256,890 and
Rp5,770,638 refer to Note 51.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2011 AND 2010
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5131 37. INTEREST AND SHARIA EXPENSE
Interest and sharia expense are incurred on the following:
2011 2010
Time deposits 10,031,286
8,939,093 Saving deposits
3,008,988 2,585,365
Demand deposits 1,116,436
1,294,351 Insurance premiums on third party funds guarantee
program Note 59 759,174
651,057 Subordinated loans
434,401 434,964
Fund borrowings 282,964
279,439 Marketable securities issued
133,789 100,218
Others 167,004
110,111 15,934,042
14,394,598
Included in interest expense of time deposits and saving deposits is expense based on sharia principle for the years ended 31 December 2011 and 2010 amounting to Rp1,780,550 and Rp1,161,680,
respectively.
Included in interest and sharia expense above are interest expense from related parties transactions from fund borrowings for the years ended 31 December 2011 and 2010 amounting to Rp5,435 and
Rp8,565, respectively refer to Note 51.
38. OTHER OPERATING INCOME – OTHERS
2011 2010
Recovery of written-off loans relating to implementation of SFAS 55 Revised 2006
2,997,761 1,834,289
Income from loan written-off 589,961
237,897 Income from penalty
100,849 108,810
Stamp duty income 50,086
47,348 Safety deposit box
21,536 21,247
Others 652,207
485,939 4,412,400
2,735,530
For 2011 the amount includes receipt of PT Garuda Indonesia Persero “Garuda” Tbk’s Mandatory Convertible Bond p rincipal settlement amounting Rp967,869 refer to Note 51.
For 2011 the amount includes receipt of interest portion of settlement of Garuda MCB amounting Rp433,054 refer to Note 51.
39. ALLOWANCE FOR IMPAIRMENT LOSSES
2011 2010
Allowancereversal for impairment losses on: Current accounts with other banks Note 5d
828 3,323
Placements with other banks Note 6e 7,300
63,286 Marketable Securities Note 7g
17,530 167,895
Other receivables - trade transactions Note 9d 98,692
269,594 Derivative receivables Note 11
- 412
Loans Note 12B.j 3,407,728
2,450,235 Consumer financing receivables Note 13c
113,083 46,116
Net investment in lease finance 197
- Acceptance receivables Note 14 d
151,154 117,977
Investments in shares Note 15c 850
614
3,297,670 2,986,23 4
40. REVERSAL FOR POSSIBLE LOSSES
2011 2010
Reversalallowance provision for: Estimated losses arising from fraud cases
40,022 62,114
Estimated losses arising from legal cases Note 30 14,576
61,381 Others assets Note 18
339,620 89,803
Others -
1,758 285,022
88,778