PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
137
47. FOREIGN CURRENCY TRANSACTIONS
Forward and cross currency swap transactions are presented as derivative receivablespayables in the balance sheet Note 10.
Details of outstanding spot foreign currency bought and sold transactions as of December 31, 2004 are as follows:
Spot-Bought Spot-Sold
Foreign Currency Equivalent Foreign Currency
Equivalent Original Currency
full amount Rupiah
full amount Rupiah
United States Dollars 11,340,333
105,295 9,500,333
88,211 Others
- 26,594
- 5,400
131,889 93,611
Details of outstanding spot foreign currency bought and sold transactions as of December 31, 2003 are as follows:
Spot-Bought Spot-Sold
Foreign Currency Equivalent Foreign Currency
Equivalent Original Currency
full amount Rupiah
full amount Rupiah
United States Dollars 37,033,099
312,004 67,135,616
565,618 Others
- 11,038
- 20,380
323,042 585,998
Details of outstanding spot foreign currency bought and sold transactions as of April 30, 2003 are as follows:
Spot-Bought Spot-Sold
Foreign Currency Equivalent Foreign Currency
Equivalent Original Currency
full amount Rupiah
full amount Rupiah
United States Dollars 25,924,155
224,905 35,647,844
309,263 Others
- 87,762
- 70,476
312,667 379,739
48. RELATED PARTY TRANSACTIONS a. Banking Activities in the Ordinary Course of Business
In the ordinary course of its business, Bank Mandiri engages in significant transactions with the following related parties:
Related by ownership: The Government of the Republic of Indonesia
Related by ownership andor management: PT Semen Kupang Persero, PT Estika Sedaya Finance, PT Stacomitra Sedaya Finance,
PT Bayu Beringin Lestari, PT Estika Jaya Kelola and PT Staco Bosowa Finance.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
138
48. RELATED PARTY TRANSACTIONS continued
a. Banking Activities in the Ordinary Course of Business continued Related by management andor key personnel Bank Mandiri’s employees:
December 31, December 31,
April 30, 2004
2003 2003
Securities Note 6a 399,084
420,549 260,421
Government Recapitalization Bonds Note 7 93,081,021
122,906,853 150,332,380
Loans Note 11B.g 952,277
1,019,902 1,018,631
Interest refundable by the Government Note 15 866
25,267 25,267
Deposit made to the State Treasury Note 15 -
- 1,124,194
Total assets involving related parties 94,433,248
124,372,571 152,760,893
Total consolidated assets 248,155,827
249,435,554 261,285,909
Percentage of assets involving related parties to total consolidated assets
38.05 49.86
58.47
The percentages of securities, Government Recapitalization Bonds, Loans, and Deposits made to the State Treasury in relation to a tax appeal and interest receivable from the Government
compared to the total consolidated assets are as follows:
December 31, December 31,
April 30, 2004
2003 2003
Securities 0.16
0.17 0.10
Government Recapitalization Bonds 37.50
49.27 57.54
Loans 0.38
0.41 0.39
Interest refundable by the Government 0.01
0.01 0.01
Deposit made to the State Treasury -
- 0.43
38.05 49.86
58.47 Demand Deposits Note 16a
62,412 11,854
27,545 Savings Deposits Note 17b
15,467 8,769
2,406 Time Deposits Note 18f
35,997 354,490
1,813,676 Total liabilities involving related parties
113,876 375,113
1,843,627 Total consolidated liabilities
223,217,577 229,036,856
243,998,291 Percentage of liabilities involving related
parties to total consolidated liabilities 0.05
0.16 0.76
Percentages of current accounts, savings accounts, time deposits and liabilities to the Government arising from the return of additional paid-in capital compared to the total consolidated
liabilities are as follows:
December 31, December 31,
April 30, 2004
2003 2003
Demand Deposits 0.03
0.01 0.01
Savings Deposits 0.01
- 0.01
Time Deposits 0.01
0.15 0.74
0.05 0.16
0.76
