PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2008 and 2007 Expressed in millions of Rupiah, unless otherwise stated
113
46. FOREIGN CURRENCY TRANSACTIONS continued
Details of outstanding spot foreign currency bought and sold transactions as of December 31, 2007 are as follows Bank Mandiri only:
Spot-Bought Spot-Sold
Original Currency Rupiah
Original Currency Rupiah
Original Currency full amount
Equivalent full amount
Equivalent
United States Dollars 394,566,530
3,706,163 256,664,930
2,410,854 Others
2,419,971 3,717,870
6,126,134 6,128,724
47. 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 Asuransi Dharma Bangsa, PT Asuransi Staco Jasapratama, PT Axa Mandiri Financial Services, Axa Asia Pacific Holding Limited, PT Caraka Mulia, Dana Pensiun Bank Mandiri, Dana Pensiun
Bank Mandiri I, Dana Pensiun Bank Mandiri II, Dana Pensiun Bank Mandiri III, Dana Pensiun Bank Mandiri IV, PT Estika Daya Mandiri, PT Gedung Bank Exim, PT Gelora Karya Jasatama, PT Gelora
Karya Jasatama Putera, PT Great River International Tbk, PT Griyawisata HM C, PT Koexim Mandiri Finance, Korean Exim Bank, PT Krida Upaya Tunggal, PT Kustodian Sentral Efek
Indonesia, PT Mandiri Manajemen Investasi, PT Mulia Sasmita Bhakti, National Mutual International Pty Ltd, PT Pengelola Investama Mandiri, PT Puri Pariwara, PT Sarana Bersama Pembiayaan
Indonesia, PT Staco Estika Sedaya Finance, PT Stacomitra Graha, PT Surya Chandra Permai, PT Tatapuri Perdana, PT Telekomunikasi Indonesia Persero Tbk, PT Wana Rimba Kencana and PT
Wahana Optima Permai.
· Related by management or key personnel of Bank Mandiri
Details of significant transactions with related parties as of December 31, 2008 and 2007 are as follows:
2008 2007
Assets
Securities Note 6a -
28,241 Loans Notes 11A.a and 11B.g
641,263 783,078
Total assets involving related parties 641,263
811,319 Total consolidated assets
358,438,678 319,085,590
Percentage of assets involving related parties to total consolidated assets
0.18 0.26
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2008 and 2007 Expressed in millions of Rupiah, unless otherwise stated
114
47. RELATED PARTY TRANSACTIONS continued
a. Banking Activities in the Ordinary Course of Business continued
· Related by management or key personnel of Bank Mandiri continued
The percentages of securities and loans compared to the total consolidated assets are as follows:
2008 2007
Securities -
0.01 Loans
0.18 0.25
Total 0.18
0.26 2008
2007 Liabilities
Demand deposits Note 16a 115,857
130,522 Savings deposits Note 17b
43,339 42,844
Time deposits Note 18f 313,909
181,309 Deposit from other banks - demand and saving deposits Note 19c
1,075 -
Fund Borrowings Note 25 240,000
280,000 Total liabilities involving related parties
714,180 634,675
Total consolidated liabilities 327,896,740
289,835,512
Percentage of liabilities involving related parties to total consolidated liabilities
0.22 0.22
Percentages of demand deposits, saving deposits, time deposits, deposits from other banks - demand and saving deposits and fund borrowings involving related parties compared to the total
consolidated liabilities are as follows:
2008 2007
Demand Deposit 0.04
0.05 Savings Deposits
0.01 0.01
Time Deposits 0.10
0.06 Deposit form other banks - Demand and saving deposits
- -
Fund Borrowings 0.07
0.10
Total 0.22
0.22
Salary, allowances and bonuses of the Boards of Directors and Commissioners and Executive Officers Note 41 for the years ended December 31, 2008 and 2007 amounted to Rp148,101 and Rp84,240,
respectively.
Shares held by the Board of Directors arising from MSOP program for the years ended December 31, 2008 and 2007 amounted to 46,129,749 shares and 20,500,281 shares, respectively.
b. Significant transactions with the Government of the Republic of Indonesia · In May 1999, the Government implemented a recapitalization program for Bank Mandiri by issuing
Government Recapitalization Bonds Note 1c.
