PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004 Expressed in millions of Rupiah, unless otherwise stated
42
7. GOVERNMENT RECAPITALIZATION BONDS continued
2005 continued On July 27, 2005, the subsidiary PT Mandiri Sekuritas has reclassified government recapitalization
bonds and securities with market value amounting to Rp310,847 on the reclassification date from trading to available for sale. The reclassification is to align the classification of government recapitalization bonds
and securities with the company risk management policy. In accordance with PT Mandiri Sekuritas risk management, the securities are for maintaining the company liquidity.
2004 As of December 31, 2004, Government Recapitalization Bonds with an aggregate nominal value of
Rp2,870,748 have been sold to other parties with agreements to repurchase Note 22.
Maturing hedge bonds in 2004 were replaced by variable rate serial numbers VR0028, VR0029 and VR0031 by the Government of Republic of Indonesia with an aggregate nominal value of Rp6,843,983.
8. OTHER RECEIVABLES - TRADE TRANSACTIONS
a. By Type, Currency, Related Parties and Third Parties:
2005 2004
Rupiah: Third
parties Usance LC payable at sight
520,682 167,583
Past due LC impor 15,781
- Others
221,051 145,944 757,514 313,527
Foreign Currency: Related
parties Others
54,531 - 54,531 -
Third parties
Usance LC payable at sight 2,197,345
1,683,547 Past due LC impor
138,120 74,222
Others 678,634 719,757
3,014,099 2,477,526 Total Foreign Currency
3,068,630 2,477,526
_____________ _____________ Total
3,826,144 2,791,053 Less: Allowance for possible losses
1,101,415 883,405
2,724,729 1,907,648
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004 Expressed in millions of Rupiah, unless otherwise stated
43
8. OTHER RECEIVABLES - TRADE TRANSACTIONS continued
b. By
Collectibility:
2005 2004
Current 1,794,447 1,490,833
Special mention
401,903 498,789 Sub-standard
553,073 41,855 Doubtful
192,237 - Loss
884,484 759,576 Total
3,826,144 2,791,053 Less: Allowance for possible losses
1,101,415 883,405
2,724,729 1,907,648
c. By Maturity:
2005 2004
Rupiah: Less than 1 month
333,433 175,995
1 - 3 months 120,593 36,985
3 - 6 months 303,488 100,547
757,514 313,527 Foreign Currency:
Less than 1 month 1,443,834
968,251 1 - 3 months
838,437 741,487 3 - 6 months
761,596 759,585 6 - 12 months
24,763 8,085 12 months
- 118 3,068,630 2,477,526
Total 3,826,144
2,791,053 Less: Allowance for possible losses
1,101,415 883,405
2,724,729 1,907,648
d. Movements of Allowance for Possible Losses on Other Receivables - Trade Transactions:
2005 2004
Balance at beginning of year 883,405
788,048 Provision during the year Note 37
192,897 26,008
Others 25,113
69,349
Balance at end of year 1,101,415
883,405
Includes foreign exchange translation effect.
The minimum allowance for possible losses on other receivables - trade transactions, under the guidelines prescribed by Bank Indonesia, as of December 31, 2005 and 2004 was Rp1,101,415 and
Rp805,351, respectively.
Management believes that the allowance for possible losses on other receivables - trade transactions is adequate.
