PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2009, 2008 AND 2007
Expressed in millions of Rupiah, unless otherwise stated
Appendix 529 3.
CURRENT ACCOUNTS WITH BANK INDONESIA
2009 2008
2007
Rupiah 15,342,428
12,770,724 26,829,332
United States Dollar 713,443
583,565 1,331,727
16,055,871 13,354,289
28,161,059
As at 31 December 2009, the Bank’s minimum statutory reserve complies with BI Regulation No. 729PBI2005 dated 6 September 2005 which has been amended with BI Regulation
No. 1019PBI2008 dated 14 October 2008 and the latest amendment with BI Regulation No. 1025PBI2008 dated 23 October 2008 concerning Statutory Reserves of Commercial Banks with
BI in Rupiah which consist of Primary Statutory Reserves and Secondary Statutory Reserves of 5.00 and 2.50, respectively 2008: 5.00 and 0.00 and 2007: 11.00 and 0.00 and foreign currencies
of 1.00 2008: 1.00 and 2007: 3.00.
Primary statutory reserve is a minimum reserve that should be maintained by the Bank in the current accounts with Bank Indonesia while secondary statutory reserve is a minimum reserves that should be
maintained by the Bank which comprises of Certificates of Bank Indonesia, Government Debenture Debt SUN andor excess reserve of the Bank’s current accounts from the primary statutory reserve
that should be maintained in Bank Indonesia.
The ratio of the statutory reserve requirement for Bank Mandiri only for its Rupiah and United States Dollar accounts as at 31 December 2009, 2008 and 2007, were as follows:
2009 2008
2007
Rupiah - Primary reserve
5.00 5.47
14.00 - Secondary reserve
42.29 -
- United States Dollar
1.32 1.04
3.01
4. CURRENT ACCOUNTS WITH OTHER BANKS
a. By Currency:
2009 2008
2007
Rupiah 257,845
53,039 36,067
Foreign currencies 7,231,764
7,441,179 1,365,915
Total 7,489,609
7,494,218 1,401,982
Less: Allowance for possible losses 86,962
87,689 14,387
7,402,647 7,406,529
1,387,595
b. By Collectibility:
2009 2008
2007
Rupiah: Current
257,845 53,039
36,067 Total Rupiah
257,845 53,039
36,067 Foreign currencies
Current 7,220,684
7,428,353 1,365,915
Loss 11,080
12,826 -
Total Foreign currencies 7,231,764
7,441,179 1,365,915
Total 7,4 89,609
7,494,218 1,401,982
Less: Allowance for possible losses 86,962
87,689 14,387
7,402,647 7,406,529
1,387,595
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2009, 2008 AND 2007
Expressed in millions of Rupiah, unless otherwise stated
Appendix 530 4.
CURRENT ACCOUNTS WITH OTHER BANKS continued
c. By Related Party and Third Party:
As at 31 December 2009, 2008 and 2007, there were no current accounts with other banks with related party.
d. The Average Interest Rate yield per Annum:
2009 2008
2007
Rupiah 0.14
0.45 0.25
Foreign currencies 0.17
0.95 3.11
e. Movements of allowance for possible losses on current accounts with other banks are as follows:
2009 2008
2007
Balance at beginning of year 87,689
14,387 11,149
Allowance during the year Note 37 12,607
71,072 2,731
Others 13,334
2,230 507
Balance at end of year 86,962
87,689 14,387
Includes effect of foreign currency translation.
Management believes that the allowance for possible losses on current accounts with other banks is adequate.
5. PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS
a. By Type, Currency, Maturity and Collectibility:
2009
Maturity Current
Loss Total
Rupiah Bank Indonesia
1 month 19,098,450
- 19,098,450
Call Money 1 month
1,163,000 -
1,163,000 1 month 3 months
145,000 -
145,000 Time Deposit
1 month 172,486
- 172,486
1 month 3 months 147,417
- 147,417
6 months 12 months 8,500
- 8,500
Saving No maturity
991 -
991 Total Rupiah
20,735,844 -
20,735,844
Foreign currencies Call Money
1 month 15,563,690
- 15,563,690
1 month 3 months 2,457,089
- 2,457,089
12 months -
112,046 112,046
“Fixed-Term” Placement 1 month
2,732,132 -
2,732,132 1 month 3 months
94,431 -
94,431 12 months
- 7,387
7,387 Time Deposit
1 month 3 months 46,975
- 46,975
Total Foreign currencies 20,894,317
119,433 21,013,750
Total 41,749,594
Less: Allowance for Possible Losses 347,184
41,402,410
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2009, 2008 AND 2007
Expressed in millions of Rupiah, unless otherwise stated
Appendix 531 5.
PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS continued
a. By Type, Currency, Maturity and Collectibility continued:
2008
Maturity Current
Loss Total
Rupiah Bank Indonesia
1 month 13,650,642
- 13,650,642
Call Money 1 month
69,036 -
69,036 1 month 3 months
44,063 -
44,063 Time Deposit
1 month 256,050
- 256,050
1 month 3 months 36,300
- 36,300
Saving No maturity
1,107 -
1,107 Total Rupiah
14,057,198 -
14,057,198
Foreign currencies Call Money
1 month 13,261,660
- 13,261,660
12 months -
217,786 217,786
“Fixed-Term” Placement 1 month
2,196,350 -
2,196,350 1 month 3 months
548 -
548 6 months 12 months
49,493 -
49,493 12 months
- 8,491
8,491 Total Foreign currencies
15,508,051 226,277
15,734,328 Total
29,791,526 Less: Allowance for Possible Losses
386,708 29,404,818
2007
Maturity Current
Loss Total
Rupiah Bank Indonesia
1 month 11,199,067
- 11,199,067
Call Money 1 month
20,000 -
20,000 Time Deposit
1 month 175,100
- 175,100
Total Rupiah 11,394,167
- 11,394,167
Foreign currencies Call Money
1 month 3,410,630
- 3,410,630
“Fixed-Term” Placement 1 month
2,017,616 -
2,017,616 1 month 3 months
453 -
453 6 months 12 months
41,479 -
41,479 Time Deposit
1 month 28,179
- 28,179
Total Foreign currencies 5,498,357
- 5,498,357
Total 16,892,524
Less: Allowance for Possible Losses 59,200
16,833,324
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2009, 2008 AND 2007
Expressed in millions of Rupiah, unless otherwise stated
Appendix 532 5.
PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS continued
b. As at 31 December 2009, 2008 and 2007, there were no placements with related party.
As at 31 December 2007, included in Rupiah time deposit was placement from Bank Sinar Harapan Bali BSHB amounting to Rp80,000, BSHB was not considered as subsidiary of Bank Mandiri in
2007 Note 1g.
c. Average Interest Rate yield per Annum:
2009 2008
2007
Rupiah 6.33
6.55 14.45
Foreign currencies 0.22
1.91 4.37
d. As at 31 December 2009, 2008 and 2007, there were no placements pledged as cash collateral.
e. Movements of allowance for possible losses on placements with other banks
2009 2008
2007
Balance at beginning of year 386,708
59,200 97,981
Allowancereversal during the year Note 37 18,868
323,475 36,337
Others 58,392
4,033 2,444
Balance at end of year 347,184
386,708 59,200
Includes effect of foreign currency translation.
Management believes that the allowance for possible losses on placements with Bank Indonesia and other banks is adequate.
As at 31 December 2009 and 2008, Bank Mandiri has a placement with a financial institution in liquidation amounting to Rp209,153 and Rp242,708, respectively, which was classified as loss. On
the other hand, the financial institution has demand deposit and inter-bank call money in Bank Mandiri amounting to Rp14,050 and Rp16,431 as at 31 December 2009 and 2008, respectively
Note 20a and 21a. Bank Mandiri’s subsidiary also has LC UPAS obligation that already due to this financial institution amounting to USD8,054,248.50 full amount. Bank Mandiri’s placement in
this financial institution as at 31 December 2009 and 2008 has been set off against demand deposit and inter-bank call money of the financial institutions in liquidation in Bank Mandiri and also with
LC UPAS obligation of the Subsidiary only for 2009. The allowance for possible losses is provided are based on the difference between placement balance with the demand deposit and inter-bank
call money in the Bank Mandiri and LC UPAS obligation of the Subsidiary only for 2009.
6. MARKETABLE SECURITIES
