Tax expense - Deferred
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 5111 31. SUBORDINATED LOANS
By Type and Currency:
2010 2009
2008
Rupiah: Two-Step Loans TSL
a Nordic Investment Bank NIB
138,480 159,784
181,089 b
ASEAN Japan Development Fund - Overseas Economic Cooperation Fund AJDF - OECF
32,503 45,504
58,505 c
ASEAN Japan Development Fund - Export - Import Bank of Japan AJDF - EBJ
- -
562 170,983
205,288 240,156
Bank Indonesia 2,230,259
2,319,559 2,366,859
Subordinated Bond Rupiah Bank Mandiri I 3,476,460
3,500,000 -
Total Rupiah 5,877,702
6,024,847 2,607,015
Foreign currencies: Two-Step Loans TSL
d Asian Development Bank ADB
178,870 192,221
229,635 Total foreign currencies Note 56e
178,870 192,221
229,635 6,056,572
6,217,068 2,836,650
Two-Step Loans TSL
a Nordic Investment Bank NIB This account represents a credit facility obtained from Nordic Investment Bank NIB to the
Government of the Republic of Indonesia, through the Ministry of Finance of the Republic of Indonesia, which re-lent the proceeds to participating banks to finance several projects in
Indonesia. The detail of this facility is as follows:
Credit Facility Purpose
Repayment Period
Nordic Investment Bank IV To
promote and
finance high
priority investment projects in Indonesia, primarily
in the private sector, or joint Indonesian and Nordic interests.
15 April 1997 – 28 February 2017 with the 1
st
installment on 31 August 2002.
The details of credit facilities from NIB are as follow:
2010 2009
2008 Nordic Investment Bank IV NIB IV
138,480 159,784
181,089
The interest rates on the NIB IV facility is based on variable interest rates as determined by Bank Indonesia in accordance with the prevailing average interest rates of 3 three months Certificate
of Bank Indonesia in the last six months.
b ASEAN Japan Development Fund - Overseas Economic Cooperation Fund AJDF - OECF This account represents a credit facility obtained from ASEAN Japan Development Fund -
Overseas Economic Cooperation Fund AJDF - OECF to the Government of the Republic of Indonesia, through the Ministry of Finance of the Republic of Indonesia, which re-lent the
proceeds to participating banks to finance several projects in Indonesia. The detail of this facility is as follows:
Credit Facility Purpose
Repayment Period
Pollution Abatement Equipment Program PAE
Small Scale Industry SSI To purchase equipment to prevent
pollution. To finance small-scale industry.
19 August 1993 – 19 August 2013, with 1
st
installment on 15 August 1998. 19 August 1993 – 19 August 2013, with
1
st
installment on 15 August 1998.
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 5112 31. SUBORDINATED LOANS continued
Two-Step Loans TSL continued
b ASEAN Japan Development Fund - Overseas Economic Cooperation Fund AJDF - OECF continued
The details of outstanding credit facilities from the AJDF - OECF are as follow:
2010 2009
2008
a Pollution Abatement Equipment Program PAE
31,463 44,048
56,633 b
Small Scale Industry SSI 1,040
1,456 1,872
32,503 45,504
58,505
The payment on the above AJDF - OECF facilities are within 20 twenty years after the first drawdown inclusive of a 5 years grace period and will be settled in 30 thirty semi-annual
installments starting on 15 August 1998 to 15 February 2013.
The PAE facility is subject to variable interest rates determined every 6 six months based on the prevailing average interest rate of the 3 three months Certificates of Bank Indonesia for the last
6 six months, less 5.00 per annum.
The SSI facility is subject to variable interest rates determined every 6 six months based on the prevailing average interest rate of 3 three months Certificates of Bank Indonesia for the last
6 six months, less 2.50 per annum.
c ASEAN Japan Development Fund - Export - Import Bank of Japan AJDF - EBJ This account represents a credit facility obtained from ASEAN Japan Development Fund - Export
- Import Bank of Japan AJDF - EBJ to the Government of the Republic of Indonesia, through the Ministry of Finance of the Republic of Indonesia, which are re-lent to a number of participating
banks including Bank Mandiri to provide investment and working capital financing to small-scale industries. The credit facility amounting to Rp9,560 with 15 fifteen years repayment period after
the first drawdown inclusive of 3 years grace period by 24 twenty four semi-annual installments with the first installment starting on 15 December 1997.
The facility is subject to an interest rate determined every 6 six months based on the prevailing average interest rate of the 3 three months Certificates of Bank Indonesia for the past six
months.
The Bank had fully paid the AJDF - EBJ loan facilities on 15 June 2009. d Asian Development Bank ADB
This account represents credit facilities from Asian Development Bank ADB to the Government of the Republic of Indonesia, through the Ministry of Finance of the Republic of Indonesia, which
are re-lent to participating banks to finance several projects in Indonesia. The detail of this facility is as follows:
Credit Facility Purpose
Repayment Period
ADB 1327 - INO SF To finance Micro Credit Project PKM.
15 January 2005 - 15 July 2029 with 1
st
installment on 15 January 2005.
The details of credit facilities from ADB are as follow:
2010 2009
2008
ADB 1327 - INO SF 178,870
192,221 229,635