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 5119 31. SUBORDINATED LOANS continued
Subordinated Bond Rupiah Bank Mandiri I 2009 continued
The Subordinated Bond has obtained an approval from Bank Indonesia through the letter No. 11IIIDPB1TPB1-1 dated 14 December 2009 and has been declared effective through the letter of
Chairman of the Capital Market Financial Institutions Supervisory Agency Bapepam-LK No. S-10414BL2009 dated 3 December 2009.
The Subordinated Bond is listed on the Indonesia Stock Exchange BEI on 14 December 2009, in accordance with the announcement of listing from BEI on 11 December 2009. The Subordinated Bond
has tenor of 7 seven years and will mature on 11 December 2016, with a fixed coupon rate of 11.85 per annum and issued as scripless trading. The trustee for the Subordinated Bond issued is
PT Bank Permata Tbk.
The interests on the Subordinated Bond are payable quarterly, with the first interest payment date on 11 March 2010 and the last payment date including maturity date of the Subordinated Bond on
11 December 2016. The Bank has paid the interest of Subordinated Bond in accordance with the interest payment schedule.
There was no breach to the covenant of trusteeship agreement of Subordinated Bond for the period 1 January 2011 to 31 December 2011 unaudited.
As at 31 December 2011 and 2010, the rating of the Subordinated Bond based on Pefindo was
id
AA+ double A Plus.
32. TEMPORARY SYIRKAH FUNDS
Temporary Syirkah funds consists of: a.
Deposits from Customers 1 Demand Deposits
2011 2010
Rupiah Third parties
Mudharabah Musytarakah demand deposits 1,969
1,404 Total Rupiah
1,969 1,404
Foreign currency Third parties
Restricted investment – demand deposits 83,633
83,690 Total foreign currency
83,633 83,690
85,602 85,094
The restricted demand deposit are deposit from third parties which will receive return from their restricted investments based on the agreed share nisbah of the Subsidiary’s revenue.
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 5120 32. TEMPORARY SYIRKAH FUNDS continued
a. Deposits from Customers continued 2 Saving Deposits
a. Based on type:
2011 2010
Related parties Note 51 Unrestricted investment – Mudharahah saving deposits
BSM saving deposits 85,904
19,886 Berencana BSM saving deposits
470 279
Investa Cendekia saving deposits 345
258 Mabrur saving deposits
151 80
86,870 20,503
Third parties Restricted investment – saving deposits
400,377 234,253
Unrestricted investment – Mudharahah saving deposits BSM saving deposits
11,302,427 7,951,149
Mabrur saving deposits 1,800,383
1,166,710 Investa Cendekia saving deposits
195,994 159,914
Berencana BSM saving deposits 125,045
95,973 Qurban saving deposits
386 247
Al Washilyah Mandiri saving deposits 5
- 13,824,617
9,608,246
Total Mudharabah Saving Deposits 13,911,487
9,628,749
The restricted investment of Mudharabah saving deposits represent deposit from third parties which will receive return from their restricted investments based on the agreed share nisbah
of the Subsidiary’s revenue.
The unrestricted investments of Mudharabah saving deposits represent third parties’ deposits which will receive return from their investments based on the agreed share nisbah of the
Subsidiary’s revenue.
b. Ranging of the Annual Profit Sharing Ratio for Investment of Mudharabah Saving Deposits
2011 2010
Profit sharing ratio 0.24 - 7.43
0.26 - 6.44
3 Unrestricted – Mudharabah Time Deposit a. Based on type and currency:
2011 2010
Rupiah Related parties Note 51
5,909,214 3,676,131
Third parties 16,384,323
11,024,392 Total Rupiah
22,293,537 14,700,523
Foreign currency Related parties Note 51
5,973 13,892
Third parties 1,225,202
395,987 Total foreign currencies
1,231,175 409,879
23,524,712 15,110,402
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 5121 32. TEMPORARY SYIRKAH FUNDS continued
b. Deposits from Other Banks
2011 2010
Third parties Unrestricted investment – Mudharabah saving deposits
162,546 100,532
Unrestricted investment – Mudharabah time deposits 173,199
326,647 335,745
427,179
c. Other significant information related to the time deposits for deposit from customer and deposit from other banks
1 Based on contract period:
2011 2010
Rupiah: 1 month
15,839,854 11,032,948
3 months 3,690,758
2,110,533 6 months
1,644,208 860,548
12 months 1,291,916
1,023,142 Subtotal Rupiah
22,466,736 15,027,171
Foreign currency: 1 month
889,800 336,934
3 months 129,142
35,836 6 months
20,120 16,538
12 months 192,113
20,570 Subtotal foreign currencies
1,231,175 409,878
23,697,911 15,437,049
2 Based on maturity date:
2011 2010
Rupiah: 1 month
15,843,053 11,377,374
3 months 3,689,443
2,301,691 6 months
1,644,803 736,023
12 months 1,289,437
612,083 Subtotal Rupiah
22,466,736 15,027,171
Foreign currency: 1 month
889,800 351,222
3 months 129,142
35,048 6 months
20,120 11,514
12 months 192,113
12,094 Subtotal foreign currencies
1,231,175 409,878
23,697,911 15,437,049
The Mudharabah time deposits represent third parties’ deposits which received a profit sharing return from the Subsidiary’s income over utilization of its fund based on an agreed ratio
arranged in Mudharabah muthlaqah agreement.
3 Ranging of the Annual Profit Sharing Ratio for Mudharabah Time Deposits
2011 2010
Rupiah 4.91 - 7.23
5.39 - 8.05 Foreign currency
0.91 - 1.78 1.69 - 2.65
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 5122 32. TEMPORARY SYIRKAH FUNDS continued
