PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
128
36. OTHER OPERATING INCOME - OTHERS
Eight-Month Four-Month
Year Ended Year Ended
Period Ended Period Ended
December 31, December 31,
December 31, April 30,
2004 2003
2003 2003
Accretion in the realizable value of the security and effective reduction of principal related
to SUFRNs Notes 15, 29 and 30 144,830
113,316 89,458
23,858 Others
557,487 522,636
376,072 146,564
702,317 635,952
465,530 170,422
37. PROVISION FOR POSSIBLE LOSSES ON EARNING ASSETS
Eight-Month Four-Month
Year Ended Year Ended
Period Ended Period Ended
December 31, December 31,
December 31, April 30,
2004 2003
2003 2003
Provisionreversal of allowance for possible losses on: Current accounts with other banks Note 4e
2,112 331
438 107
Placements with other banks Note 5f 19,428
19,522 3,389
22,911 Securities Note 6g
45,622 10,251
22,551 32,802
Other receivables - trade transactions Note 8d 26,651
41,863 46,130
4,267 Securities purchased with agreements to resell Note 9
4,800 -
- -
Derivative receivables Note 10 7,462
6,717 6,145
572 Loans Note 11B.j
275,662 1,056,661
453,382 603,279
Acceptances receivable Note 12d 6,626
29,607 49,859
20,252 Investments in shares of stock Note 13c
1,922 35,626
70,823 35,197
371,517 1,179,414
645,063 534,351
38. REVERSAL OF ALLOWANCE FOR POSSIBLE LOSSES - OTHERS
Eight-Month Four-Month
Year Ended Year Ended
Period Ended Period Ended
December 31, December 31,
December 31, April 30,
2004 2003
2003 2003
Reversal of allowanceprovision for: Possible losses on legal cases Note 28
259,172 569,563
451,103 118,460
Possible losses on other assets Note 15 -
166,192 165,094
1,098 Others
50,000 82,634
82,634 -
309,172 320,737
203,375 117,362
39. GAINSLOSSES FROM INCREASEDECREASE IN VALUE OF SECURITIES AND GOVERN- MENT RECAPITALIZATION BONDS
Eight-Month Four-Month
Year Ended Year Ended
Period Ended Period Ended
December 31, December 31,
December 31, April 30,
2004 2003
2003 2003
Securities 71
52,306 20,764
31,542 Government Recapitalization Bonds
66,201 1,364
747,476 748,840
66,272 50,942
768,240 717,298
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
129
40. GAINS FROM SALE OF SECURITIES AND GOVERNMENT RECAPITALIZATION BONDS
Eight-Month Four-Month
Year Ended Year Ended
Period Ended Period Ended
December 31, December 31,
December 31, April 30,
2004 2003
2003 2003
Securities 218,892
254,884 242,214
12,670 Government Recapitalization Bonds
1,365,343 1,868,554
1,556,802 311,752
1,584,235 2,123,438
1,799,016 324,422
41. GENERAL AND ADMINISTRATIVE EXPENSES
Eight-Month Four-Month
Year Ended Year Ended
Period Ended Period Ended
December 31, December 31,
December 31, April 30,
2004 2003
2003 2003
Depreciation and amortization of premises and equipment
533,559 340,993
250,124 90,869
Rent 346,168
344,068 231,793
112,275 Promotions
321,910 255,305
199,222 56,083
Repairs and maintenance 313,723
225,111 178,704
46,407 Communications
301,263 226,736
166,907 59,829
Professional fees 256,084
203,132 190,090
13,042 Public relations
198,343 184,255
152,076 32,179
Electricity, water and gas 153,664
94,701 72,508
22,193 Office supplies
117,450 100,937
81,374 19,563
Transportation 51,671
32,848 24,022
8,826 Office equipment
20,889 16,860
13,064 3,796
Research and development 8,469
9,713 9,153
560 Others
365,479 214,883
137,584 77,299
2,988,672 2,249,542
1,706,621 542,921
Professional fees include audit and tax services amounting to Rp21,227, Rp16,437 and Rp1,630 for the year ended December 31, 2004, the eight-month period ended December 31, 2003, and the four-month period ended April 30, 2003, respectively.
42. SALARIES AND EMPLOYEE BENEFITS
Eight-Month Four-Month
Year Ended Year Ended
Period Ended Period Ended
December 31, December 31,
December 31, April 30,
2004 2003
2003 2003
Salaries, wages, pension and tax allowances Note 43 1,337,272
1,133,364 748,509
384,855 Holidays THR, leave and related entitlements
302,524 256,798
183,030 73,768
Employee benefits in kind 148,397
128,716 100,474
28,242 Training and development
125,648 98,303
91,074 7,229
Provisionreversal for post-employment benefit expenses Note 28
84,837 312,609
312,609 -
Compensation expense on stock options Note 33 24,942
9,897 9,897
- Bonuses and others
378,137 350,481
231,738 118,743
2,401,757 1,664,950
1,052,113 612,837
In accordance with PSAK No. 24 Revised 2004 regarding Employee Benefits, the Bank have accrued tantiem expense in 2004.