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 591 29. OTHER LIABILITIES continued
2009 2008
2007
Foreign currencies: Guarantee deposits
537,120 440,451
565,340 Deferred income
148,856 198,791
199,043 Allowance for possible losses on legal cases Note 57c
20,166 18,756
1,131 Obligation under capital lease
1,008 2,248
- Others
892,148 1,470,279
2,447,339 Total foreign currencies
1,599,29 8 2,130,525
3,212,853 9,1 32,586
7,999,368 9,624,031
As at 31 December 2009, others mainly consist of accruals in relation to Bank’s operational cost amounted to Rp702,402 2008: Rp458,480 and 2007: Rp428,770 and payment related to ATM and credit
card transaction amounted to Rp288,998 2008: Rp595,089 and 2007: Rp966,750.
Movements of allowance for possible losses on legal cases for the years ended 31 December 2009, 2008 and 2007 were as follows:
2009 2008
2007
Balance at beginning of year 176,316
205,742 316,227
Allowancereversal during the year Note 38 340,707
31,133 106,619
Others 2,657
1,707 3,866
Balance at end of year 514,366
176,316 205,742
Includes effect of foreign currency translation.
Management believes that the allowance for possible losses on legal cases is adequate.
30. SUBORDINATED LOANS
By Type and Currency:
2009 2008
2007
Rupiah: Two-Step Loans TSL
a Nordic Investment Bank NIB
159,784 181,089
213,724 b
ASEAN Japan Development Fund-Overseas Economic Cooperation Fund AJDF-OECF
45,504 58,505
71,506 c
ASEAN Japan Development Fund-Export-Import Bank of Japan AJDF-EBJ
- 562
1,687 d
Asian Development Bank ADB -
- 688
205,288 240,156
287,605 Bank Indonesia
2,319,559 2,366,859
2,423,859 Subordinated Bond Rupiah Bank Mandiri I
3,500,000 -
- Total Rupiah
6,024,847 2,607,015
2,711,464 Foreign currencies:
d Two-Step Loans - Asian Development Bank
ADB 192,221
229,635 203,864
e Two-Step Loans - Kreditanstalt fur Wiederaufbau,
Frankfurt KfW -
- 19,947
Total Foreign currencies 192,221
229,635 223,811
6,217,068 2,836,650
2,935,275
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 592 30. SUBORDINATED LOANS continued
Two-Step Loans TSL
a Nordic Investment Bank NIB This account represents a credit facility obtained from NIB to the Government of the Republic of
Indonesia, through the Ministry of Finance of the Republic of Indonesia, which re-lent the proceeds to participating banks to finance projects in Indonesia. The details of these facilities are as follows:
Credit Facility Purpose
Repayment Period
Nordic Investment Bank IV
Nordic Investment Bank III To
promote and
finance high
priority investments in Indonesia, primarily in the
private sector, or joint Indonesian and Nordic interests.
To promote
and finance
high priority
investments in Indonesia, primarily in the private sector, or joint Indonesian and
Nordic interests. 15 April 1997 – 28 February 2017 with
the 1
st
installment on 31 August 2002. 4 August 1993 – 15 August 2008 with
the 1
st
installment on 15 February 1999.
The details of credit facilities from Nordic Investment Bank are as follows:
2009 2008
2007
a Nordic Investment Bank IV NIB IV
159,784 181,089
202,394 b
Nordic Investment Bank III NIB III -
- 11,330
159,784 181,089
213,724
The interest rates on the NIB III and IV facility are based on a variable interest rate as determined by Bank Indonesia based on the prevailing average interest rates of three months Certificate of
Bank Indonesia for the past six months.
The Bank has settled NIB III loan facility on 15 August 2008. b ASEAN Japan Development Fund - Overseas Economic Cooperation Fund AJDF-OECF
This account represents a credit facility obtained from AJDF-OECF to the Government of the Republic of Indonesia, through the Ministry of Finance of the Republic of Indonesia, which re-lent
the proceeds to participating banks to finance several projects in Indonesia. The details of these facilities are as follows:
Credit Facility Purpose
Repayment Period
Pollution Abatement Equipment Program PAE
Small Scale Industry SSI To purchase equipment to prevent
pollution. To finance small-scale industry.
19 August 1993 – 19 August 2013, with 1
st
installment on 15 August 1998. 19 August 1993 – 19 August 2013, with 1
st
installment on 15 August 1998.
