Deferred tax assets - net
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5108 35. FUND BORROWINGS
2012 2011
Rupiah: Related parties Note 54
a The Government of the Republic of Indonesia -
200,000 b PT Permodalan Nasional Madani Persero
18,712 69,406
g Others 916,156
835,259 934,868
1,104,665 Third parties
c Bank Indonesia 755
7,279 d Ministry of Public Housing Kemenpera
17,262 -
g Others 1,980,889
1,691,092 1,998,906
1,698,371 Total Rupiah
2,933,774 2,803,036
Foreign currencies: Third parties
e Direct Off-shore Loans 7,792,672
4,792,884 f Trade Financing Facilities
882,386 4,107,578
Total foreign currencies Note 60B.v 8,675,058
8,900,462 11,608,832
11,703,498
a The Government of the Republic of Indonesia This account represents fund borrowings obtained from the Government of the Republic of
Indonesia based on agreement No. KP-022DP32004 dated 14 May 2004 which was subsequently amended with agreement No. AMA-7KP-022DP32004 dated 15 December 2004
and letter No. S-662PB.72005 dated 13 May 2005 and amendment agreement No. AMA-30KP- 022DP32006 dated 24 August 2006 and letter No. S-3207PB2008 dated 21 April 2008, each of
them is regarding Amendment of Loan Agreement between the Government of the Republic of Indonesia and PT Bank Mandiri Persero Tbk. No. KP-022DP32004 dated 14 May 2004 and the
Approval of Amendment of Loan Agreement between the Government of the Republic of Indonesia and Bank Mandiri in relation to the Credit Financing for Small and Micro Businesses.
This borrowing was then lent by the Bank to small and micro businesses where the procedures, arrangements and requirements of the re-lending program are outlined in the Decision of Minister
of Finance No. 40KMK.062003 dated 29 January 2003 regarding Credit Financing Facilities for Small and Micro Businesses which amended with the Decision of Minister of Finance No.
74KMK.062004 dated 20 February 2004. This facility bears interest which will be determined every quarter on 10 March, 10 June, 10 September and 10 December by the Ministry of Finance
of the Republic of Indonesia. The Bank has made 5 five installment payments with the first installment paid on 10 December 2007. For the remaining outstanding balance of Rp200,000, the
installment payment will start in December 2017 and will mature in December 2019. On 27 July 2012, Bank Mandiri had perform early payment on the remaining outstanding balance of
Rp200,000.
b PT Permodalan Nasional Madani Persero This account represents fund borrowings granted by PT Permodalan Nasional Madani Persero
to Bank Mandiri and Bank Sinar Harapan Bali BSHB. The outstanding loan balance as at 31 December 2012 and 2011 for Bank Mandiri are Rp9,102 and Rp52,504, respectively, and for
BSHB are Rp9,610 and Rp16,902, respectively. These facilities bear interest rate at 7.00 per annum. The payment schedule of fund borrowing terms depend on the terms of the individual loan
agreement, the latest will mature in December 2013. Bank Mandiri then lent this fund to the members of Primary Cooperation Kredit Koperasi Primer kepada Anggotanya [KKPA].
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5109 35. FUND BORROWINGS continued
c Bank Indonesia This account represents credit liquidity facility obtained from Bank Indonesia BI, which was then
lent to Bank Mandiri’s debtors under the Government Credit Program. The administration and monitoring of the credit facility are performed by PT Permodalan Nasional Madani Persero, a
state-owned company, based on Law No. 231999 dated 17 May 1999 regarding BI, BI Regulation No. 23PBI2000 dated 1 February 2000 and BI Regulation No. 520PBI2003 dated
17 September 2003 regarding the Hand-over of Management of Credit Liquidity of Bank Indonesia Under Credit Program. This facility bears interest at rates ranging from 3.75 to 7.00 per
annum and will mature on various dates up to 2013. The details of this account are as follows:
2012 2011
Small-Scale Investment Loans KIK 755
7,279
d Ministry of Public Housing Kemenpera This account represents a Liquidity Facility of House Financing FLPP with sharing financing of
50.00 from Ministry of Public Housing’s fund and 50.00 from Bank Mandiri’s fund, in accordance with the Memorandum of Understanding between the Ministry of Public Housing
No. 07SKBM2012 and PT Bank Mandiri Persero Tbk. No. DIR.MOU0032012 dated 15 February 2012 regarding the Amendment of Memorandum of Understanding between the
Ministry of Public Housing No. 13SKBDP2011 and PT Bank Mandiri Persero Tbk. No. DIR.MOU0152011 regarding the Funding Distribution of Liquidity Facility of House Financing
FLPP in the framework of the housing procurement through the Welfare House Ownership Loan. The above agreement was followed by Operational Cooperation Agreement between Public
Service Center of House Financing Agency of the Ministry of Public Housing of the Republic of Indonesia
No. 02SK.9HK.02.0422012 with
PT Bank
Mandiri Persero
Tbk. No. DIR.PKO0102012 dated 15 February 2012 regarding the Funding Distribution of Liquidity
Facility of House Financing FLPP in the framework of the housing procurement through the Welfare House Ownership Loan.
The outstanding loan balance as at 31 December 2012 is amounting to Rp17,262. The facility bears interest at 0.50 per annum. The loan has a repayment schedule of maximum 180 months
15 years with the first installment begins at the next month for fund disbursed from date of 1 until 10, and at the next two months for the fund disbursed from date of 11 until the end of the
month. The repayment principal and interest to Kemenpera will be made not later than the date of 10 for each month.
e Direct Off-shore Loans The details of direct off-shore loans are as follows:
2012 2011
Deutsche Bank AG, Singapore 2,891,250
2,720,250 Standard Chartered Bank, Singapore
2,409,375 -
Standard Chartered Bank, Jakarta 963,750
906,750 Asian Development Bank
- Tranche A 574,018
673,942 - Tranche B
191,819 270,118
Agence Française de Développement 762,460
221,824 7,792,672
4,792,884