PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Year Ended December 31, 2006 With Comparative Figures For 2005
Expressed in millions of Rupiah, unless otherwise stated
39
6. SECURITIES continued
g. Movements of Allowance for Possible Losses on Securities:
2006 2005
Balance at beginning of year 1,209,035
1,144,501 ReversalProvision during the year Note 36
30,839 59,310
Recoveries - 3,919
Others 32,358 1,305
Balance at end of year 1,145,838 1,209,035
Includes effect of foreign exchange translation.
Management believes that the allowance for possible losses on securities is adequate.
7. GOVERNMENT RECAPITALIZATION BONDS
Government Recapitalization Bonds consist of bonds issued by the Government in connection with its Recapitalization Program, acquired from primary and secondary markets with details as follows:
2006 2005
Trading, fair value 834,273 2,143,723
Available for sale, fair value 28,719,153
28,817,643 Held to maturity, at cost
61,094,598 61,094,598 90,648,024 92,055,964
Based on maturities, the Government Recapitalization Bonds are as follows:
2006 2005 Trading:
Less than 1 year - 1,370,217
1 - 5 years 109,807 164,377
5 - 10 years 724,466 609,129
834,273 2,143,723
Available for
sale:
Less than 1 year - 19,953
1 - 5 years 1,190,795 1,496,628
5 - 10 years 14,911,591 11,111,957
Over 10 years 12,616,767 16,189,105
28,719,153 28,817,643
Held to
maturity:
1 - 5 years 1,350,000 1,350,000
5 - 10 years 12,388,900 1,505,329
Over 10 years 47,355,698 58,239,269
61,094,598 61,094,598 90,648,024 92,055,964
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Year Ended December 31, 2006 With Comparative Figures For 2005
Expressed in millions of Rupiah, unless otherwise stated
40
7. GOVERNMENT RECAPITALIZATION BONDS continued
The details of Government Recapitalization Bonds are as follows:
2006 Trading
Interest Rates Maturity
Frequency of Nominal
per Annum Fair Value
Dates Interest Payment
Fixed rate bonds 643,606
13.15- 784,274
06152009- 6 months
15.58 12152013
Variable rate bonds 50,000
3-month SBI 49,999
06252011 3 months
693,606 834,273
Available for sale
Interest Rates Maturity
Frequency of Nominal
per Annum Fair Value
Dates Interest Payment
Fixed rate bonds 1,654,272
14.25- 2,015,920
11152010- 6 months
15.58 12152013
Variable rate bonds 26,727,428
3-month SBI 26,703,233
01252008- 3 months
07252020
28,381,700 28,719,153
Held to
maturity
Interest Rates Maturity
Frequency of Nominal
per Annum Dates
Interest Payment Fixed rate bonds
1,350,000 13.15
03152010 6 months
Variable rate bonds 59,744,598
3-month SBI 12252014-
3 months 07252020
61,094,598 2005
Trading
Interest Rates Maturity
Frequency of Nominal
per Annum Fair Value
Dates Interest Payment
Fixed rate bonds 572,306
12.13- 593,198
02152006- 6 months
14.28 12152013
Variable rate bonds 1,562,361
3-month SBI 1,550,525
03252006- 3 months
06252011
2,134,667 2,143,723
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Year Ended December 31, 2006 With Comparative Figures For 2005
Expressed in millions of Rupiah, unless otherwise stated
41
7. GOVERNMENT RECAPITALIZATION BONDS continued
