PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS AT 31 DECEMBER 2010, 2009 AND 2008
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5139 50. RELATED PARTY TRANSACTIONS continued
Related by management or key personnel of Bank Mandiri continued
Details of significant transactions with related parties as at 31 December 2010, 2009 and 2008, are as follows:
2010 2009
2008 Assets
Marketable securities Note 6a -
25,000 -
Loans Notes 11A.a and 11B.g 799,179
638,057 641,263
Total assets with related parties 799,179
663,057 641,263
Total consolidated assets 449,744,551
394,616,604 358,438,678
Percentage of total assets with related parties to total consolidated assets
0.18 0.17
0.18
The percentages of marketable securities and loans compared to the total consolidated assets are as follows:
2010 2009
2008 Assets
Marketable securities -
0.01 -
Loans 0.17
0.16 0.18
Total 0.17
0.17 0.18
Liabilities and Syirkah temporer fund
Deposit from customers Conventional banking and sharia –
non Syirkah temporer fund Demand deposits Note 18a, 18d
495,154 254,439
115,857 Saving deposits Note 19b
105,513 90,589
40,562 Time deposits Note 20e
1,188,078 467,683
311,649 Sharia banking
Restricted investment saving deposit and unrestricted investment mudharabah
saving deposit -
5,984 2,777
Unrestricted investment mudharabah time deposit
5,720 2,554
2,260 Deposit from other banks
Conventional banking and sharia – Syirkah temporer fund
Demand and saving deposits Note 21c -
- 1,075
Fund Borrowings Note 27 200,000
200,000 240,000
Total liabilities and Syirkah temporer fund with related parties
1,994,465 1,021,249
714,180
Total consolidated liabilities and Syirkah
temporer fund 407,704,515
359,318,341 327,896,740
Percentage of total liabilities and Syirkah
temporer fund with related parties to total consolidated liabilities and
Syirkah
temporer fund 0.49
0.28 0.22
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS AT 31 DECEMBER 2010, 2009 AND 2008
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5140 50. RELATED PARTY TRANSACTIONS continued
Related by management or key personnel of Bank Mandiri continued
Percentages of demand deposits, saving deposits, time deposits, deposits from other banks - demand and saving deposits, marketable securities issued and fund borrowings with related
parties compared to the total consolidated liabilities and Syirkah temporer fund are as follows:
2010 2009
2008 Liabilities and Syirkah
temporer fund
Deposit from customers Conventional banking and sharia –
non Syirkah temporer fund Demand deposits
0.12 0.07
0.04 Saving deposits
0.03 0.03
0.0 1 Time deposits
0.29 0.13
0.10 Sharia banking
Restricted investment saving deposit and unrestricted investment mudharabah
saving deposit -
0.00 0.00
Unrestricted investment mudharabah time deposit 0.00
0.00 0.00
Deposit from other bank Conventional banking and sharia –
non Syirkah temporer fund Demand and Saving Deposits
- -
0.00 Fund Borrowings
0.05 0.05
0.07
Total 0.49
0.28 0.22
Transactions with related parties are conducted with terms and conditions similar to those with third parties, except for loans to the Bank’s employees Note 11B.g.
51. SEGMENT INFORMATION
The Bank considers the industries or business activities as the primary reporting segment and the geographical location as the secondary segment. The business activities of the Bank and
Subsidiaries and its geographical locations are as follows:
Name of Company Nature of Business
Geographical Location
2010 2009
2008
__
- Parent
PT Bank Mandiri Persero Tbk. Commercial Banking
Indonesia, Singapore, Hong Kong, Cayman
Islands and Timor Leste v
v v
- Subsidiaries
Bank Mandiri Europe Limited Commercial Banking
United Kingdom v
v v
Mandiri International Remittance Sendirian Berhad
Remittance Malaysia
v v
- PT Bank Sinar Harapan Bali
Commercial Banking Indonesia
v v
v PT Bank Syariah Mandiri
Sharia Banking Indonesia
v v
v PT Mandiri Sekuritas
Securities Indonesia
v v
v PT Mandiri Tunas Finance MTF Financing
Indonesia v
v -
PT AXA Mandiri Financial Services
Life Insurance Indonesia
v -
- PT Bumi Daya Plaza
and its subsidiaries Others
Indonesia v
v v
PT Usaha Gedung Bank Dagang Negara
Others Indonesia
v v
v
Remarks: v : has become a Subsidiary
- : has not become a Subsidiary
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS AT 31 DECEMBER 2010, 2009 AND 2008
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5141 51. SEGMENT INFORMATION continued
Primary segment information for the years ended 31 December 2010:
Sharia Banking
Banking Securities
Insurance Financing Remittances
Others Elimination Consolidated
Operating income 38,492,771
3,334,614 403,957
966,029 430,394
2,515 22,962
- 43,653,242
Inter-segment operating Income
475,417 -
1,606 96,539
- -
- 573,562
- Operating income
including inter - segment operating
income 38,968,188
3,334,614 405,563
1,062,568 430,394
2,515 22,962
573,562 43,653,242
Operating expenses 25,684,181
2,769,518 261,567
752,966 336,936
7,86 8 98,186
- 29,911,222
Inter-segment operating expenses
60,005 -
- -
- -
- 60,005
- Operating expenses
including inter- segment operating
expenses 25,744,186
2,769,518 261,567
752,966 336,936
7,86 8 98,186
60,005 29,911,222
Income from operations 13,224,002
565,096 143,996
309,602 93,458
5,353 75,224 513,557
13,742,020
Net income 8,887,470
418,520 103,322
229,304 70,314
5,353 28,278
513,557 9,218,298
Total assets 409,962,165
32,481,873 1,586,542
8,488,165 2,256,406
16,539 367,046 5,384,185
449,774,551 Total assets
as a percentage of total consolidated
assets prior to
elimination 90.07
7.14 0.35
1.86 0.50
0.00 0.08
Total liabilities 367,828,319
30,461,257 797,445
7,843,918 1,888,668
502 137,701 1,253,295
407,704,515 Total liabilities
as a percentage of total consolidated
liabilities prior to
elimination 89.94
7.45 0.20
1.92 0.46
0.00 0.03
Secondary segment information for the years ended 3 1 December 2010:
Cayman Indonesia
Asia West Europe
Islands Elimination
Consolidated
Operating income 43,388,541
197,008 84,881
17,188 -
43,653,242 Inter-segment operating income
573,562 -
- -
573,562 -
Operating income including inter-segment operating income
43,962,103 197,008
84,881 17,188
573,562 43,653,242
Operating expenses 29,517,433
100,115 281,920
11,754 -
29,911,222 Inter-segment operating expenses
60,005 -
- -
60,005 -
Operating expenses including inter-segment operating expenses
29,577,438 100,115
281,920 11,754
60,005 29,911,222
Income from operations 14,384,665
96,893 197,039
28,942 513,557
13,742,020
Net income 9,894,106
63,745 197,054
28,942 513,557
9,218,298 Total asset
441,488,037 6,451,713
1,238,299 5,980,687
5,384,185 449, 774,551
Total assets as a percentage of total consolidated assets
prior to elimination
96.99 1.42
0.27 1.32
Total liabilities 396,491,890
5,699,782 785,451
5,980,687 1,253,295
407,704,515 Total liabilities as a percentage of
total consolidated liabilities prior to elimination
96.95 1.40
0.19 1.46
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS AT 31 DECEMBER 2010, 2009 AND 2008
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5142 51. SEGMENT INFORMATION continued
Primary segment information for the year ended 31 December 2009:
Sharia Banking
Banking Securities
Financing Remittances
Others Elimination
Consolidated
Operating income 35,047,671
2,417,995 402,697
379,920 144
15,652 -
38,264,079 Inter-segment operating
income 390,501
- 13,302
- -
- 403,803
- Operating income
including inter- segment operating
income 35,438,172
2,417,995 415,999
379,920 144
15,652 403,803
38,264,079 Operating expenses
25,109,260 2,007,611
326,470 312,689
2,845 70,726
- 27,829,601
Inter-segment operating expenses
19,290 -
- -
- -
19,290 -
Operating expenses including inter- segment
operating expenses 25,089,970
2,007,611 326,470
312,689 2,845
70,726 19,290
27,829,601 Income from operations
10,348,202 410,384
89,529 67,231
2,701 55,074
423,093 10,434,478
Net income 7,137,716
290,943 46,185
65,587 2,701
40,827 423,093
7,155,464 Total assets
373,329,892 22,036,535
1,485,000 1,792,489
12,745 347,583
4,387,640 394,616,604
Total assets as a percentage of
total consolidated assets prior to
elimination
93.57 5.52
0.37 0.45
0.00 0.09
Total liabilities 337,421,216
20,436,075 763,508
1,465,738 2,040
130,248 900,484
359,318,341 Total liabilities
as a percentage of total consolidated
liabilities prior to elimination
93.67 5.67
0.21 0.41
0.00 0.04
Secondary segment information for the year ended 31 December 2009:
Cayman Indonesia
Asia West Europe
Islands Elimination
Consolidated
Operating income 37,793,566
249,484 129,907
91,122 -
38,264,079 Inter-segment operating income
403,803 -
- -
403,803 -
Operating income including inter- segment operating income
38,197,369 249,484
129,907 91,122
403,803 38,264,079
Operating expenses 27,236,114
207,611 110,955
274,921 -
27,829,601 Inter-segment operating expenses
19,290 -
- -
19,290 -
Operating expenses including inter-segment operating expenses
27,216,824 207,611
110,955 274,921
19,290 27,829,601
Income from operations 10,980,545
41,873 18,952
183,799 423,093
10,434,478
Net income 7,417,957
70,291 13,273
77,036 423,093
7,155,464 Total assets
387,991,438 5,298,941
2,370,709 3,343,156
4,387,640 394,616,604
Total assets as a percentage of total consolidated assets
prior to elimination
97.24 1.33
0.59 0.84
Total liabilities 347,639,545
3,920,463 1,691,391
6,967,426 900,484
359,318,341 Total liabilities as a percentage of
total consolidated liabilities prior to elimination
96.51 1.09
0.47 1.93
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS AT 31 DECEMBER 2010, 2009 AND 2008
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5143 51. SEGMENT INFORMATION continued