PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2008 and 2007 Expressed in millions of Rupiah, unless otherwise stated
121
51. NET OPEN POSITION continued
The Net Open Position of Bank Mandiri by currency as of December 31, 2007 is as follows:
Currency Assets
Liabilities Net Open Position
AGGREGATE ON OFF BALANCE SHEET United States Dollar
54,175,402 55,037,509
862,107 Euro
1,003,792 929,991
73,801 Hong Kong Dollar
350,233 102,891
247,342 Singapore Dollar
295,974 221,501
74,473 Japanese Yen
227,332 177,165
50,167 Great Britain Poundsterling
161,183 19,435
180,618 Australian Dollar
118,508 65,045
53,463 Others
46,460 22,229 31,179
Total 1,573,150
ON-BALANCE SHEET United States Dollar
48,996,492 49,949,573 953,081
Euro 997,020
904,992 92,028
Singapore Dollar 289,937
201,024 88,913
Hong Kong Dollar 239,622
102,891 136,731
Japanese Yen 171,041
134,694 36,347
Great Britain Poundsterling 123,005
12,983 110,022
Australian Dollar 110,137
29,792 80,345
Others 41,713 7,885 33,828 Total
374,867 Total Tier I and Tier II Capital
less investments in subsidiaries Note 50 28,283,838
NOP Ratio On-Balance Sheet 1.33
NOP Ratio Aggregate 5.56
NOP Ratios as of December 31, 2007 based on the total capital as November 2007 unaudited are as follows:
Total Capital November 2007 28,204,492
NOP Ratio On-Balance Sheet 1.33
NOP Ratio Aggregate 5.58
Sum of the absolute values of difference between assets and liabilities from other foreign currencies.
52. NON-PERFORMING EARNING ASSETS RATIO, TOTAL ALLOWANCE FOR POSSIBLE LOSSES ON EARNING ASSETS RATIO, SMALL-SCALE LOANS RATIO AND LEGAL LENDING LIMIT
Non-performing earning assets to total earning assets ratio for Bank Mandiri only as of December 31, 2008 and 2007 was 2.98 and 4.52, respectively. The Non-Performing Loan NPL ratio Bank Mandiri only
before being deducted by the allowance for possible losses gross basis as of December 31, 2008 and 2007 was 4.69 and 7.33, respectively Note 11A.d.
The total allowance for possible losses on earning assets provided by Bank Mandiri compared to the minimum allowance for possible losses on earning assets under the guidelines prescribed by Bank
Indonesia as of December 31, 2008 and 2007 were 103.76 and 104.22, respectively.
The small-scale loans to total loans ratio as of December 31, 2008 and 2007 was 2.66 and 3.31, respectively.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2008 and 2007 Expressed in millions of Rupiah, unless otherwise stated
122
52. NON-PERFORMING EARNING ASSETS RATIO, TOTAL ALLOWANCE FOR POSSIBLE LOSSES ON EARNING ASSETS RATIO, SMALL-SCALE LOANS RATIO AND LEGAL LENDING LIMIT continued
Legal Lending Limit BMPK as of December 31, 2008 and 2007 did not exceed the BMPK regulation for related parties and third parties. BMPK is calculated in accordance with Bank Indonesia Regulation - PBI
No. 73PBI2005 dated January 20, 2005 as revised with PBI No. 813PBI2006 dated October 15, 2006 regarding changes on PBI No. 73PBI2005 regarding Legal Lending Limit Commercial Bank.
53. CUSTODIAL AND TRUST OPERATIONS Custodial Operations
Bank Mandiri started rendering custodial services in 1995. The operating license for custodial services was renewed and re-issued based on Bapepam Decision Letter No. KEP.01PMKstd1999 dated October 4,
1999. Bank Mandiri’s Custodial, which is part of the Capital Market Services Department of Bank Mandiri, provides a full range of custodial services such as:
a. Settlement and handling services for script and scriptless trading transactions. b. Safekeeping and administration of securities and other valuable assets.
c. Corporate action services related to the rights on the securities. d. Proxy services for its customers’ shareholders’ meetings and obligation holders’ meetings.
e. Generate reports and information regarding customers’ securities which is kept and administered by
Bank Mandiri’s custody. In order to fulfill the investors needs in investing in various securities instruments, Bank Mandiri’s Custodial
Operations facilitates it by acting as: a. General custodial which provides services for investors investing in capital market of Indonesia;
b. Local custodial for American Depository Receipts ADRs and Global Depository Receipts GDR which is needed by the investors in converting the companies’ shares listed in local and overseas
stock exchange dualmulti listing; c. Sub-registry services for settlement of Government Bonds SUN and SBIs transactions;
d. Custodial for mutual funds issued and managed by investment manager; e. As direct participant of Euroclear for customer who is conducting investment and settlement of
securities transactions listed in overseas market and recorded in Euroclear Operations Centre, Brussels;
f. Securities lending as services for customers who want to maximize their investment return by lending their securities to securities companies through intermediary and guarantee of PT Kliring Penjaminan
Efek Indonesia. As of December 31, 2008 and 2007, Bank Mandiri’s Custodial Operations has 416 and 370 customers,
respectively. The customers are primarily pension funds, insurance companies, banks, institution, securities companies, mutual funds and other institutionlegal entity and individual customer with a total
portfolio value as of December 31, 2008 of Rp97,801,970, US425,028,200 full amount and
JPY1,344,444,444 full amount and as of December 31, 2007 of Rp90,072,761, US439,473,200 full amount and JPY672,222,222 full amount.
Bank Mandiri carries insurance on custodial services against potential losses from safekeeping and transit of securities in accordance with the Capital Market and Financial Institution Supervisory Board’s regulation.
