PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
179
50. EMPLOYEE BENEFITS continued Labor Law No. 132003
continued
Reconciliation of plan assets:
December 31, 2015 DPBMS
DPBMD DPBMT
DPBME
Beginning fair value of plan assets 1,566,369
1,894,023 806,043
559,406 Benefit payments from plan assets
161,482 178,782
73,142 46,806
Interest income on plan assets 127,382
155,080 66,179
46,055 Result of plan assets exclude interest income
15,714 49,904
18,182 19,554
Ending fair value plan assets 1,516,555
1,820,417 817,262
578,209 December 31, 2014
DPBMS DPBMD
DPBMT DPBME
Beginning fair value of plan assets 1,540,476
1,770,137 816,426
551,037 Benefit payments from plan assets
160,688 175,925
73,935 48,516
Interest income on plan assets 138,712
151,396 66,254
47,410 Result of plan assets exclude interest income
47,869 148,415
2,702 9,475
Ending fair value plan assets 1,566,369
1,894,023 806,043
559,406
Mutations in other comprehensive income:
December 31, 2015
UUK DPBMS
DPBMD DPBMT
DPBME No.132003
Accumulation of actuarial gainslosses on beginning year
- -
- -
- Actuarial gains of the current year
7,087 5,913
3,454 1,290
290,552
Accumulation of actuarial gains on ending year 7,087
5,913 3,454
1,290 290,552
Employee benefits liabilities maturing on December 31, 2015 are as follows:
For the year then ended December 31, 2015
UUK DPBMS
DPBMD DPBMT
DPBME No.132003
Year-1 169,430
151,898 60,499
40,588 80,019
Year-2 140,213
144,781 56,286
37,858 108,555
Year-3 127,861
134,276 51,893
35,246 119,280
Year-4 115,083
123,797 46,887
32,538 137,994
Year-5 103,741
111,855 42,541
31,279 137,705
Year-6 to year-10 385,608
419,279 160,716
120,384 1,007,614
Year-11 to year-15 220,597
248,519 93,246
67,828 1,098,142
Year-16 to year-20 118,186
136,308 49,821
37,642 611,596
Year-20 up 101,678
129,369 44,841
41,833 831,335
Total 1,482,397
1,600,082 606,730
445,196 4,132,240
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
180
50. EMPLOYEE BENEFITS continued
Provision for Subsidiaries post-employment benefit on December 31, 2015 and 2014 has been calculated by an independent actuary as stated in the following independent actuarial reports:
Actuary report date Independent
Subsidiaries actuary
2015 2014
PT Dayamandiri PT Bank Syariah Mandiri
Dharmakonsilindo December 23, 2015
December 18, 2014 PT Dayamandiri
PT Mandiri Sekuritas Dharmakonsilindo
January 11, 2016 January 9, 2015
PT Jasa Aktuaris PT Bank Mandiri Taspen Pos
Praptasentosa formerly PT Bank Sinar Harapan Bali
Guna Jasa January 4, 2016
January 4, 2016 PT Dayamandiri
Dharmakonsilindo 2014: PT Ricky
PT Mandiri Tunas Finance Leonard Jasatama
January 14, 2016 January 15, 2015
PT Dayamandiri PT AXA Mandiri Financial Services
Dharmakonsilindo January 7, 2016
January 5, 2015 PT Dayamandiri
PT Mandiri AXA General Insurance Dharmakonsilindo
January 7, 2016 January 3, 2015
PT Sigma PT Asuransi Jiwa InHealth Indonesia
Prima Solusindo December 31, 2015
January 9, 2015 PT Kompujasa
PT Mandiri Utama Finance Aktuaria
December 31, 2015 -
Employee benefit expense for PT Bank Mandiri Taspen Pos as of December 31, 2014 has been recalculated.
51. OTHER OPERATING EXPENSES - OTHERS - NET For the year ended December 31,
2015 2014
Insurance premiums on third party funds guarantee program 1,327,476
1,171,997 Insurance sales force compenstation
852,220 306,156
Fees and commissions expenses 737,454
709,392 Fees related to credit card and ATM transaction
397,698 340,818
Fees from RTGS, remittance and clearing transactions 61,171
62,206 Employee restructuring costs
- 69,733
Others 202,018
417,708 3,578,037
3,078,010 52. NON-OPERATING INCOME - NET
For the year ended December 31, 2015
2014
Building rental income 14,848
10,235 Gain on sale of fixed assets
228 4,122
Penalties 6,413
10,904 BOT transactions income
29,266 15,597
Others - net 7,471
10,859 30,458
29,909
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
181
53. COMMITMENTS AND CONTINGENCIES
The following accounts represent accounts which are recorded as off-balance sheet:
December 31, December 31, 2015
2014 COMMITMENTS
Commitment Payables: Unused loan facilities granted
Related parties 20,811,629
26,730,367 Third parties
84,527,024 66,675,601
105,338,653 93,405,968
Outstanding irrevocable letters of credit Note 31: Related parties
5,107,643 8,325,989
Third parties 5,816,945
6,842,125 10,924,588
15,168,114
Commitment Payables - Net 116,263,241
108,574,082 CONTINGENCIES
Contingent Receivables: Guarantees received from other banks
20,021,563 18,764,479
Interest receivable on non-performing assets 9,466,919
8,567,219 Others
32,729 32,729
29,521,211 27,364,427
Contingent Payables: Guarantees issued in the form of:
Bank guarantees Note 31: Related parties
23,280,899 17,401,095
Third parties 51,230,192
43,811,806 74,511,091
61,212,901 Standby letters of credit Note 31
Related parties 6,560,416
6,510,384 Third parties
6,175,309 5,379,066
12,735,725 11,889,450
Others 432,992
377,195
Total 87,679,808
73,479,546
Contingent Payables - Net 58,158,597
46,115,119 174,421,838
154,689,201
Include committed and uncommitted unused loan facilities.
