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
120
50. CAPITAL ADEQUACY RATIO continued
2008 2007
CAR for credit risk 15.72
21.11 CAR for credit risk and market risk Note 55d
15.66 20.75
Minimum CAR 8
8
The Bank’s minimum capital adequacy ratio on a consolidated basis as of December 31, 2008 after considering market risk is 15.71 and without considering market risk is 15.78.
51. NET OPEN POSITION
Net Open Position calculation as of December 31, 2008 and 2007 is based on Bank Indonesia’s Regulation No. 737PBI2005 dated September 30, 2005. Based on such regulation, banks are required to maintain
aggregate and balance sheet net open position at a maximum of 20 of total capital. In accordance with Bank Indonesia guidelines, the aggregate net open position ratio is the sum of the absolute values of the net
difference between assets and liabilities denominated in each foreign currency which are stated in Rupiah plus the net difference of receivables and payables of both commitments and contingencies recorded in the
administrative accounts denominated in each foreign currency, which are stated in Rupiah. The Net Open Position for balance sheets is the net difference between total assets and total liabilities in the balance sheets
denominated in each foreign currency, which are stated in Rupiah.
The Net Open Position of Bank Mandiri by currency as of December 31, 2008 was as follows:
Currency Assets
Liabilities Net Open Position
AGGREGATE ON OFF BALANCE SHEET
United States Dollar 61,593,324
63,497,969 1,904,645
Euro 917,496
886,840 30,656
Hong Kong Dollar 673,414
82,356 591,058
Singapore Dollar 369,806
352,951 16,855
Japanese Yen 295,094
296,794 1,700
Australia Dollar 145,389
124,161 21,228
Great Britain Poundsterling 129,950
37,564 92,386
Others 35,765
6,466 29,299
Total 2,687,827
ON-BALANCE SHEET
United States Dollar 60,108,482
59,666,442 442,040
Euro 903,675
834,465 69,210
Hong Kong Dollar 372,507
91,185 281,322
Singapore Dollar 331,603
330,011 1,592
Japanese Yen 283,981
279,351 4,630
Australia Dollar 145,019
121,895 23,124
Great Britain Poundsterling 86,938
18,589 68,349
Others 35,765
6,466 29,299
Total 919,566
Total Tier I and Tier II Capital less investments in subsidiaries Note 50
27,176,934
NOP Ratio On-Balance Sheet 3.38
NOP Ratio Aggregate Note 55e 9.89
NOP Ratios as of December 31, 2008 based on the total capital as of November 2008 unaudited are as follows:
Total Capital November 2008 28,285,306
NOP Ratio On-Balance Sheet 3.25
NOP Ratio Aggregate 9.50
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.
