DEPOSITS FROM OTHER BANKS - TIME DEPOSITS
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5100 29. MARKETABLE SECURITIES ISSUED continued
Subordinated Notes Syariah Mudharabah
On 19 December 2011, PT Bank Syariah Mandiri BSM conducted a limited offering and sale of Sukuk Subordinated Notes Syariah Mudharabah Year 2011 “BSM subnotes” with a nominal value of to
Rp500,000. The period of these BSM subnotes is 10 ten years with call option on the 5
th
fifth year starting the issuance date. The issuance of BSM Subnotes is conducted in 3 three phases, as follows:
- Phase I dated 19 December 2011 with a nominal amount of Rp75,000
- Phase II dated 19 December 2011 with a nominal amount of Rp275,000
- Phase III dated 19 December 2011 with a nominal amount of Rp150,000
On 31 January 2007, BSM conducted a limited offering and sale of Subordinated Notes Syariah Mudharabah Year 2007 “BSM Subnotes” with a nominal value of to Rp200,000. The period of these
BSM subnotes is 10 ten years with call option on the 5
th
fifth year starting from the issuance date. The issuance of BSM Subnotes is conducted in 3 three phases, as follows:
- Phase I dated 31 January 2007 with nominal amount of Rp105,000
- Phase II dated 27 February 2007 with nominal amount of Rp65,000
- Phase III dated 5 April 2007 with nominal amount of Rp30,000
Medium Term Notes MTN
In order
to support
its consumer
financing expansion,
on 16
February 2010,
PT Mandiri Tunas Finance, a Subsidiary, issued Medium Term Notes MTN II amounting to Rp350,000, with a fixed interest rate of 11.60 per annum. MTN II has an effective period of 2 two years starting
from 16 February 2010 and had been paid at the time of maturity on 16 February 2012.
On 24 January 2012, Subsidiary had issued and registered Medium Term Notes MTN III amounting to Rp200,000 with a fixed interest rate of 9.95 per annum, at Kustodian Sentral Efek Indonesia KSEI.
MTN III has 3 three years effective period starting from 2 February 2012 to 2 February 2015.
2012
Interest Maturity
Tenor Rate
Type Arranger
Date months
Per Annum Nominal Amount
Medium Term Notes III
PT UOB Kayhian Securities 2 February 2015
36 9.95
200,000 200,000
2011
Interest Maturity
Tenor Rate
Type Arranger
Date months
Per Annum Nominal Amount
Medium Term Notes II
PT Mandiri Sekuritas 16 February 2012
24 11.60
350,000 350,000
Subsidiary had paid the interest of the above marketable securities issued in accordance to the interest payment schedule for the period from 1 January 2012 to 31 December 2012.
For the period from 1 January 2012 to 31 December 2012, Subsidiary had fulfilled the covenants as stipulated in the agreements unaudited.
Included in marketable securities issued above are transactions with related parties as at 31 December 2012 and 2011 amounting to Rp205,000 and Rp158,000, respectively refer to Note 54.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5101 30. ESTIMATED LOSSES ON COMMITMENTS AND CONTINGENCIES
a. Commitment and contingent transactions in the ordinary course of business of Bank Mandiri and
its Subsidiaries activities that have credit risk are as follows:
2012 2011
Rupiah: Committed unused loan facilities granted Note 52
26,705,562 24,264,257
Bank guarantees issued Note 52 20,239,328
15,182,931 Outstanding irrevocable letters of credit Note 52
2,055,455 2,144,864
Standby letters of credit Note 52 2,302,326
1,637,463 Total Rupiah
51,302,671 43,229,515
Foreign currencies: Committed unused loan facilities granted Note 52
2,674,467 2,162,774
Bank guarantees issued Note 52 20,469,371
12,246,351 Outstanding irrevocable letters of credit Note 52
9,909,283 9,925,926
Standby letters of credit Note 52 5,588,537
3,648,066 Total foreign currencies
38,641,658 27,983,117
89,944,329 71,212,632
b. By Bank Indonesia’s collectibility:
2012 2011
Current 89,692,146
68,553,404 Special mention
218,654 2,633,119
Sub-standard 3,126
1 Doubtful
276 2,762
Loss 30,127
23,346 Total
89,944,329 71,212,632
Less: Allowance for impairment losses 189,085
234,364
Commitments and contingencies - net 89,755,244
70,978,268
c. Movements of allowance for impairment losses on commitments and contingencies:
2012 2011
Balance at beginning of year 234,364
371,665 Allowance during the year
43,937 127,257
Others 1,342
10,044
Balance at end of year 189,085
234,364
Includes effect of foreign currencies translation.
Management believes that the allowance for impairment losses on commitments and contingencies is adequate.
d. Information in respect of classification of “non-impaired” and“impaired” is disclosed in Note 60A. e. Deposits from customers and deposits from other banks pledged as collateral for bank guarantee
and irrevocable letters of credit as at 31 December 2012 and 2011 amounting to Rp1,215,980 and Rp738,609, respectively Notes 22c and 25c.