PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
57
13. LOANS continued
A. Details of loans: continued e By Collectibility:
June 30, 2004 June 30, 2003
April 30, 2003
Current 65,356,885
46,311,942 47,496,807
Special Mention
10,111,605 15,585,009
15,809,277 Sub-standard
2,327,723 1,454,650
1,422,020 Doubtful
471,386 1,378,651
1,395,059 Loss
3,982,047 2,056,501
3,280,750 Total
82,249,646 66,786,753 69,403,913 Less: Allowance for possible losses
8,662,010 8,513,360
9,879,080 Deferred
income 146,621 199,553
203,946 73,441,015 58,073,840 59,320,887
The non-performing loans ratio consolidated gross basis was 8.24, 7.32 and 8.79, respectively Bank Mandiri only - 8.56, 7.43 and 8.95 as of as of June 30, 2004 and 2003, and April 30,
2003, respectively.
The loans as of June 30, 2004 and 2003, and April 30, 2003 include the loans purchased from IBRA amounting to Rp5,393,449, Rp5,095,182 and Rp5,383,514, respectively, with an allowance for
possible losses of Rp2,242,066, Rp1,088,568 and Rp1,136,736, respectively, and deferred income of Rp146,621, Rp199,553 and Rp203,946, respectively.
B. Significant information related to loans: a. Included in loans are syariah finance receivables amounting to Rp3,920,392, Rp1,451,128 and
Rp1,345,155 as of June 30, 2004 and 2003, and April 30, 2003, respectively:
June 30, 2004 June 30, 2003
April 30, 2003
Receivables 3,080,220 1,335,313 1,242,787
Musyarakah finance receivables 705,021
93,555 84,039
Other syariah finance receivables 135,151
22,260 18,329
3,920,392 1,451,128 1,345,155 Less: Allowance for possible losses
70,658 35,770
48,584 3,849,734 1,415,358 1,296,571
b. Average Interest Rates and Range of Profit Sharing Per Annum: Average interest rates per annum:
June 30, 2004 June 30, 2003
April 30, 2003
Rupiah 13.14
17.59 17.72
Foreign Currency 7.60
9.75 9.93
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
58
13. LOANS continued
B. Significant information related to loans: continued b. Average Interest Rates and Range of Profit Sharing Per Annum: continued
Range of profit sharing per annum:
June 30, 2004 June 30, 2003
April 30, 2003
Receivables 17.73-24.25
11.46-26.75 16.06-21.66
Musyarakah finance receivables 14.77-15.74
9.08-24.80 14.57-24.80
Other syariah finance receivables 22.12-22.33
1.13-18.23 1.13
c. Loan Collateral The loans are generally collateralized by registered mortgages, powers of attorney to mortgage
or sell pledged assets, time deposits or other guarantees acceptable to Bank Mandiri. d. Government Program Loans
Government program loans consist of investment loans, permanent working capital loans and working capital loans which can be fully funded by the Government.
e. Syndicated Loans The syndicated loans represent loans provided to customers under syndication agreements with
other banks. Bank Mandiri’s share as facility agent in syndicated loans ranged from 4.50 to 77.54, 4.50 to 79.24 and 4.5 to 79.35 of the total syndicated loans as of June 30, 2004
and 2003, and April 30, 2003, respectively. Bank Mandiri’s total participation in syndicated loans ranged from 0.07 to 75, 0.33 to 58.41 and 0.10 to 58.13, of the total syndicated
loans as of June 30, 2004 and 2003 and April 30, 2003, respectively.
f. Restructured Loans
Below is the type and amount of restructured loans as of June 30, 2004 and 2003, and April 30, 2003:
June 30, 2004 June 30, 2003
April 30, 2003
Extension of loan maturity dates 12,007,945
14,628,233 15,826,455
Long-term loans with option to convert debt
to equity
1,940,774 2,420,913
2,344,133 Additional
loan facilities
413,355 399,855
278,365 Extension of loan maturity dates and reduction
of interest rates 2,022,223
2,618,206 2,835,903
Extension of loan maturity date and other restructuring
schemes 5,874,143
6,432,692 7,138,343
22,258,440 26,499,899
28,423,199
Other restructuring schemes mainly represent restructuring schemes involving one or more of the following: reduction of interest rate, rescheduling of unpaid interest and extension of repayment period of unpaid interest.
Total restructured loans under non-performing loans NPL category as of June 30, 2004 and 2003, and April 30, 2003 amounted to Rp2,345,050, Rp3,126,482 and Rp4,007,665,
respectively.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
59
13. LOANS continued
