IMPACT ON THE INITIAL IMPLEMENTATION OF SFAS 50 REVISED 2006 AND SFAS 55 REVISED 2006
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 5144 51. RELATED PARTY TRANSACTIONS continued
Related parties relationship with government related entities continued
Related Parties Nature of Relationship
Perum BULOG State Owned Enterprise
Perum DAMRI State Owned Enterprise
Perum Jaminan Kredit Indonesia Jamkrindo State Owned Enterprise
Perum Pegadaian State Owned Enterprise
Perum Percetakan Uang Republik Indonesia PERUM PERURI
State Owned Enterprise Perum Perumnas
State Owned Enterprise PT Adhi Karya Persero Tbk.
State Owned Enterprise PT Amarta Karya
State Owned Enterprise PT Aneka Tambang Persero Tbk.
State Owned Enterprise PT Angkasa Pura I Persero
State Owned Enterprise PT Angkasa Pura II Persero
State Owned Enterprise PT ASABRI Persero
State Owned Enterprise PT ASKES Persero
State Owned Enterprise PT Asuransi Jasa Indonesia Persero
State Owned Enterprise PT Asuransi Jiwasraya Persero
State Owned Enterprise PT Asuransi Kredit IndonesiaPT Askrindo
Persero State Owned Enterprise
PT Bank Negara Indonesia Persero Tbk. State Owned Enterprise
PT Bank Rakyat Indonesia Persero Tbk. State Owned Enterprise
PT Bank Tabungan Negara Persero Tbk. State Owned Enterprise
PT Barata Indonesia Persero State Owned Enterprise
PT Berdikari Persero State Owned Enterprise
PT Bhanda Ghara Reksa Persero State Owned Enterprise
PT Bina Karya Persero State Owned Enterprise
PT Bio Farma Persero State Owned Enterprise
PT Biro Klasifikasi Indonesia Persero State Owned Enterprise
PT Boma Bisma Indra Persero State Owned Enterprise
PT Brantas Abipraya Persero State Owned Enterprise
PT Dahana Persero State Owned Enterprise
PT Danareksa Persero State Owned Enterprise
PT Dirgantara Indonesia Persero State Owned Enterprise
PT Garam Persero State Owned Enterprise
PT Garuda Indonesia Persero Tbk. State Owned Enterprise
PT Hotel Indonesia Natour State Owned Enterprise
PT Hutama Karya Persero State Owned Enterprise
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 5145 51. RELATED PARTY TRANSACTIONS continued
Related parties relationship with government related entities continued
Related Parties Nature of Relationship
PT Indofarma Persero Tbk. State Owned Enterprise
PT Indonesia Infrastruktur Finance State Owned Enterprise
PT Indosat Tbk. State Owned Enterprise
PT Indra Karya Persero State Owned Enterprise
PT Industri Kereta Api State Owned Enterprise
PT Industri Telekomunikasi Indonesia State Owned Enterprise
PT Jamsostek Persero State Owned Enterprise
PT Jasa Marga Persero Tbk. State Owned Enterprise
PT Kereta Api Indonesia Persero State Owned Enterprise
PT Kimia Farma Persero Tbk. State Owned Enterprise
PT Krakatau Daya Listrik State Owned Enterprise
PT Krakatau Steel Persero Tbk. State Owned Enterprise
PT Len Industri Persero State Owned Enterprise
PT Merpati Nusantara Airlines State Owned Enterprise
PT Nindya Karya Persero State Owned Enterprise
PT Nusantara Regas State Owned Enterprise
PT PAL Indonesia Persero State Owned Enterprise
PT Pelabuhan Indonesia I Persero State Owned Enterprise
PT Pelabuhan Indonesia III Persero State Owned Enterprise
PT Pelabuhan Indonesia IV Persero State Owned Enterprise
PT Pelayaran Nasional Indonesia PerseroPT PELNI
State Owned Enterprise PT Pembangunan Perumahan Persero Tbk.
State Owned Enterprise PT Percetakan Negara Republik Indonesia
State Owned Enterprise PT Perkebunan Nusantara I Persero
State Owned Enterprise PT Perkebunan Nusantara II Persero
State Owned Enterprise PT Perkebunan Nusantara III Persero
State Owned Enterprise PT Perkebunan Nusantara IV Persero
State Owned Enterprise PT Perkebunan Nusantara V Persero
State Owned Enterprise PT Perkebunan Nusantara VI Persero
State Owned Enterprise PT Perkebunan Nusantara VII Persero
State Owned Enterprise PT Perkebunan Nusantara VIII Persero
State Owned Enterprise PT Perkebunan Nusantara IX Persero
State Owned Enterprise PT Perkebunan Nusantara X Persero
State Owned Enterprise PT Perkebunan Nusantara XI Persero
State Owned Enterprise PT Perkebunan Nusantara XII Persero
State Owned Enterprise PT Perkebunan Nusantara XIII Persero
State Owned Enterprise PT Perkebunan Nusantara XIV Persero
State Owned Enterprise PT Permodalan Nasional Madani Persero
State Owned Enterprise
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 5146 51. RELATED PARTY TRANSACTIONS continued
Related parties relationship with government related entities continued
Related Parties Nature of Relationship
PT Pertamina Persero State Owned Enterprise
PT Pertamina Drilling Services Indonesia State Owned Enterprise
PT Pertamina Hulu Energi State Owned Enterprise
PT Pertani Persero State Owned Enterprise
PT Perusahaan Gas Negara Tbk. State Owned Enterprise
PT Perusahaan Listrik Negara Persero State Owned Enterprise
PT Perusahaan Perdagangan Indonesia Persero State Owned Enterprise
PT Petrokimia Gresik State Owned Enterprise
PT Pindad Persero State Owned Enterprise
PT Pos Indonesia Persero State Owned Enterprise
PT Prasadha Pamunah Limbah Industri State Owned Enterprise
PT Primissima Persero State Owned Enterprise
PT Pupuk Kalimantan TimurPT Pupuk Kaltim State Owned Enterprise
PT Pupuk Kujang State Owned Enterprise
PT Pupuk Sriwidjaja Persero State Owned Enterprise
PT Pusat Investasi Pemerintah State Owned Enterprise
PT Rajawali Nusantara Indonesia State Owned Enterprise
PT Rekayasa IndustriPT REKIND State Owned Enterprise
PT Sarana Multi Infrastruktur Persero State Owned Enterprise
PT Sarana Multigriya Finansial Persero State Owned Enterprise
PT Sarinah Persero State Owned Enterprise
PT Semen Baturaja Persero State Owned Enterprise
PT Semen Gresik Persero Tbk. State Owned Enterprise
PT Semen Tonasa State Owned Enterprise
PT Sucofindo Persero State Owned Enterprise
PT Surveyor Indonesia State Owned Enterprise
PT Tambang Batubara Bukit Asam Persero Tbk. State Owned Enterprise
PT Telekomunikasi Indonesia TbkPT Telkom Tbk. State Owned Enterprise
PT Timah Persero Tbk. State Owned Enterprise
PT Trans Marga Jateng State Owned Enterprise
PT Tugu Pratama Indonesia State Owned Enterprise
PT Varuna Tirta Prakasya Persero State Owned Enterprise
PT Waskita Karya Persero State Owned Enterprise
PT Wijaya Karya Persero Tbk. State Owned Enterprise
PT Yodya Karya Persero State Owned Enterprise
RSUPN Dr Cipto Mangunkusumo State Owned Enterprise
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 5147 51. RELATED PARTY TRANSACTIONS continued
Related parties relationship with government related entities continued
Related Parties Nature of Relationship
Kantor Perbendaharaan dan Kas Negara Government Agency
Indonesian Embassy in Berlin Government Agency
Ministry of Religious Affairs Republic of Indonesia Government Agency
Ministry of Finance Republic of Indonesia Government Agency
Ministry of Youth and Sport Affairs Republic of Indonesia
Government Agency Consulate General of Indonesia in Cape Town,
South Africa Government Agency
Consulate General of Indonesia in Guangzhou, People’s Republic of China
Government Agency Consulate General of Indonesia in Peru
Government Agency Distric Court Pengadilan Negeri
Government Agency Pusku TNI
Government Agency POLRI
Government Agency TNI AL
Government Agency Bendaharawan Khusus Bialugri
Government Agency PPPTMGB Lemigas
Government Agency Pusat Penelitian Pengembangan Teknologi
Government Agency Pemerintah Kabupaten Gunungkidul
Government Agency Pemerintah Kabupaten Kepulauan Anambas
Government Agency Pemerintah Kabupaten Tuban
Government Agency Pemerintah Kota Dumai
Government Agency Pemerintah Provinsi Gorontalo
Government Agency Pemerintah Provinsi Kepulauan Riau
Government Agency
Nature of transactions with government related entities are current accounts with other bank, placements with other banks, marketable securities, government bond, other receivables – trade
transaction, securities purchased under resale agreement, derivative receivables, loans, acceptance receivables, derivative payables, deposit from customers, deposits from other bank,
acceptance payables, marketable securities issued, fund borrowing, subordinated loan, unused loan facility, bank guarantees, irrevocable letters of credit and standby letters of credit.
In the ordinary course of its business, the Group also purchases or pays for services, such as telecommunication expense, utility expense and other expenses to Government related entities.
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 5148 51. RELATED PARTY TRANSACTIONS continued
Transactions with management and key personnel of Bank Mandiri
Total gross salaries and allowances, bonustantiem, long-term employement benefits of the Boards of Commissioners, Directors, Audit Committee and Risk Monitoring and Good Corporate
Governance Committee, Syariah Supervisory Board and Executive Vice President and Senior Vice President Note 43 for the years ended 31 December 2011 and 2010
amounting to Rp405,791 and Rp353,831 or 2.49 and 2.93 of total consolidated operating expenses - others,
respectively. Shares owned by the Board of Directors from MSOP program for the years ended
31 December 2011 and 2010 amounting to 24,060,468 shares and 23,005,642 shares or 0.08 and 0.07 of total authorised capital, respectively.
Details of significant transactions with related parties as at 31 December 2011 and 2010 , are as follows:
2011 2010
Assets Current accounts with other banks Note 5a
49,897 16,498
Placements with Bank Indonesia and other banks Note 6b 1,128,238
1,427,260 Marketable securities Note 7a
3,917,202 416,081
Government bonds Note 8 78,459,449
78,092,734 Other receivables - trade transactions Note 9a
2,752,711 564,800
Claims on securities purchased under agreement to resell Note 10a 758,703
757,147 Derivative receivables Note 11
4,391 225
Loans Note 12A.a and 12B.g 37,470,066
33,903,536 Acceptances receivable Note 14a
861,324 1,444,574
Total assets with related parties 125,401,981
116,622,855
Total consolidated assets 551,891,704
449,774,551 Percentage of total assets with related
parties to total consolidated assets 22.72