PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2016 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
191
50. EMPLOYEE BENEFITS continued Labor Law No. 132003 continued
Reconciliation of plan assets:
December 31, 2016 DPBMS
DPBMD DPBMT
DPBME
Beginning fair value of plan assets 1,516,555
1,820,417 817,262
578,209 Benefit payments from plan assets
164,138 175,620
76,818 45,662
Interest income on plan assets 136,276
164,598 73,991
52,761 Result of plan assets exclude interest income
131,746 1,078
13,283 9,566
Ending fair value plan assets 1,620,439
1,810,473 827,718
575,742 December 31, 2015
DPBMS DPBMD
DPBMT DPBME
Beginning fair value of plan assets 1,566,369
1,894,023 806,043
559,406 Benefit payments from plan assets
161,482 178,782
73,142 46,806
Interest income on plan assets 127,382
155,080 66,179
46,055 Result of plan assets exclude interest income
15,714 49,904
18,182 19,554
Ending fair value plan assets 1,516,555
1,820,417 817,262
578,209
Mutations in other comprehensive income: Mutations in other comprehensive income for the Bank only for the year ended December 31, 2016 and
2015 as follows:
December 31, 2016 UUK
DPBMS DPBMD
DPBMT DPBME
No. 132003
Accumulation of actuarial gainslosses on beginning year
7,087 5,913
3,454 1,290
290,552
Actuarial loses of the current year 7,087
5,913 3,454
1,290 200,226
Accumulation of actuarial gainson ending year -
- -
- 90,326
December 31, 2015
UUK DPBMS
DPBMD DPBMT
DPBME No.132003
Accumulation of actuarial gainslosses on beginning year
- -
- -
- Actuarial gains of the current year
7,087 5,913
3,454 1,290
290,552
Accumulation of actuarial gainson ending year 7,087
5,913 3,454
1,290 290,552
Employee benefits liabilities maturing on December 31, 2016 related to UUK No. 132003 are as follows:
December 31, 2016
Year - 1 212,866
Year - 2 236,252
Year - 3 204,283
Year - 4 300,802
Year - 5 378,984
Year - 6 and later 51,603,210
52,936,397
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2016 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
192
50. EMPLOYEE BENEFITS continued Labor Law No. 132003 continued
The actuarial calculation of the pension benefit obligation for the Subsidiary on the date December 31, 2016 based on the estimated actuarial calculations for the years ended December 31, 2015.
Provision for Subsidiaries post-employment benefit on December 31, 2016 and 2015 has been calculated by an independent actuary as stated in the following independent actuarial reports:
Independent Independent
Subsidiaries actuary
2016 2015
PT Dayamandiri PT Bank Syariah Mandiri
Dharmakonsilindo December 15, 2016
December 23, 2015 PT Dayamandiri
PT Mandiri Sekuritas Dharmakonsilindo
January 4, 2017 January 11, 2016
PT Jasa Aktuaris Praptasentosa
PT Bank Mandiri Taspen Pos Guna Jasa
January 5, 2017 January 4, 2016
PT Dayamandiri PT Mandiri Tunas Finance
Dharmakonsilindo January 3, 2017
January 14, 2016 PT Dayamandiri
PT AXA Mandiri Financial Services Dharmakonsilindo
January 12, 2017 January 7, 2016
PT Dayamandiri PT Mandiri AXA General Insurance
Dharmakonsilindo January 6, 2017
January 7, 2016 PT Sigma
PT Asuransi Jiwa InHealth Indonesia Prima Solusindo
January 6, 2017 December 31, 2015
PT Kompujasa PT Mandiri Utama Finance
Aktuaria January 6, 2017
December 31, 2015
The sensitivity of the defined benefit obligation to changes in actuarial assumptions are as follows Bank Mandiri unaudited:
December 31, December 31, 2016
2015 Impact on defined
benefits obligation
Changes of assumptions: 1 increase in discount rate
2,028,234 1,686,865
1 decrease in discount rate 2,918,966
2,322,885 51. OTHER OPERATING EXPENSES - OTHERS - NET
Year ended December 31, 2016
2015
Insurance premiums on third party funds guarantee program 1,370,422
1,327,476 Insurance sales force compenstation
980,081 852,220
Fees and commissions expenses 665,707
737,454 Fees related to credit card and ATM transaction
433,560 397,698
Fees from RTGS, remittance and clearing transactions 70,574
61,171 Others
170,898 202,018
3,691,242 3,578,037
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2016 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
193
52. NON-OPERATING EXPENSEINCOME - NET Year ended December 31,
2016 2015
Building rental income 13,645
14,848 Gain on sale of fixed assets
120 228
Penalties 9,196
6,413 BOT transactions income
- 29,266
Others - net 44,331
7,471 39,762
30,458 53. COMMITMENTS AND CONTINGENCIES
The following accounts represent accounts which are recorded as off-balance sheet:
December 31, December 31, 2016
2015 COMMITMENTS
Commitment payables: Unused loan facilities granted
Related parties 38.790.412
20,811,629 Third parties
81.630.934 84,527,024
120.421.346 105,338,653
Outstanding irrevocable letters of credit Note 31: Related parties
3.519.396 5,107,643
Third parties 8.577.270
5,816,945 12.096.666
10,924,588
Commitment payables - net 132.518.012
116,263,241 CONTINGENCIES
Contingent Receivables: Guarantees received from other banks
17,741,644 20,021,563
Interest receivable on non-performing assets 6,793,156
9,466,919 Others
32,729 32,729
24,567,529 29,521,211
Contingent payables: Guarantees issued in the form of:
Bank guarantees Note 31: Related parties
23,212,078 23,280,899
Third parties 51,054,206
51,230,192 74,266,284
74,511,091 Standby letters of credit Note 31
Related parties 6,739,568
6,560,416 Third parties
6,424,992 6,175,309
13,164,560 12,735,725
Others 907,215
432,992
Include committed and uncommitted unused loan facilities.