PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004 Expressed in millions of Rupiah, unless otherwise stated
73
22. SECURITIES SOLD WITH AGREEMENTS TO REPURCHASE
As of December 31, 2005, securities sold with agreements to repurchase are as follows :
Securities Nominal
Value Commen-
cement Date
Maturity Date
Repurchase Value
Unamortized Prepaid
Interest Expense
Net Value
Rupiah
Recap bonds FR0019 231,028
11032004 11032009
285,060 -
285,060 Recap bonds VR0017
289,859 11042004
11042009 284,062
- 284,062
Recap bonds VR0019 355,652
05182005 05182010
316,356 -
316,356 Recap bonds VR0013
617,500 06072005
01072008 617,500
- 617,500
Recap bonds VR0019 63,982
12052005 01042006
56,595 79
56,516 Recap bonds VR0019
57,127 12152005
01162006 50,578
289 50,289
Recap bonds VR0019 114,550
12222005 01192006
100,994 673
100,321 Recap bonds VR0019
114,550 12282005
01092006 100,398
297 100,101
Recap bonds VR0019 114,548
12292005 01302006
101,134 1,063
100,071 Recap bonds FR 02
30,000 10202005
01202006 29,108
114 28,994
Recap bonds FR 13 20,000
10202005 01202006
21,202 196
21,006 Recap bonds FR 20
1,000 12132005
01112006 999
2 997
Recap bonds FR 13 25,000
12142005 01162006
25,060 173
24,887 Recap bonds FR 02
20,000 12152005
01162006 20,258
129 20,129
Recap bonds FR 02 30,000
12232005 01232006
30,469 279
30,190
Foreign Currency
SN BMRI 9,830
10282005 01302006
9,992 51
9,941
Total 2,094,626
2,049,765 3,345 2,046,420
The agreements to repurchase Government Recapitalization Bonds with Standard Chartered Bank serial numbers VR0013 and VR0017 and HSBC serial number FR0019 and VR0019 are associated with
funding of foreign currency with cross currency swap transactions with the respective counterparties. There is no premium or discount on these contracts.
As of September 1, 2005, Bank executed call option of its agreements to repurchase Government Recapitalization Bonds with Deutsche Bank serial numbers VR0010. The Bank already repurchased the
Government Recapitalization Bonds.
As of December 31, 2004, securities sold with agreements to repurchase were as follows:
Securities Nominal Value
Commen- cement
Date Maturity Date
Repurchase Value
Unamortized Prepaid
Interest Expense
Net Value Rupiah
Recap bonds VR0010 1,312,361
05092003 10252006
1,305,000 -
1,305,000 Recap bonds VR0013
1,037,500 06042003
06062005 1,037,500
- 1,037,500
Recap bonds FR0019 231,028
11032004 11032009
285,060 -
285,060 Recap bonds VR0017
289,859 11042004
11042009 284,062
- 284,062
Bonds 1,003
12222004 01052005
1,003 -
1,003 Bonds
1,007 12102004
01102005 1,007
- 1,007
Total 2,872,758
2,913,632 -
2,913,632
The agreements to repurchase Government Recapitalization Bonds with Deutsche Bank serial numbers VR0010 and Standard Chartered Bank serial numbers VR0013 are associated with cross currency
swap transactions with the respective counterparties. There is no premium or discount on these contracts. Bank Mandiri pre-terminate the agreement to repurchase with Bank Mega amounted to Rp2,000,000 from
the contractual schedule on September 11, 2005 and September 25, 2005.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004 Expressed in millions of Rupiah, unless otherwise stated
74
23. ACCEPTANCES PAYABLE
a. By Currency and Related Parties and Third Parties:
2005 2004
Rupiah: Payable to other banks
Third parties
175,065 136,480
Payable to
debtors Third
parties 13,270
3,289 Total
Rupiah 188,335
139,769 Foreign Currency:
Payable to other banks Third
parties 4,092,280
5,080,959 Payable to debtors
Third parties
38,487 20,660
Total Foreign Currency 4,130,767
5,101,619 4,319,102
5,241,388
b. By Maturity
:
2005 2004
Rupiah: Less
than 1
month 104,444
32,183 1
- 3
months 61,374 67,331
3 - 6 months 22,517 40,255
188,335 139,769 Foreign
Currency: Less than 1 month
986,953 1,245,286
1 - 3 months 1,868,876 2,107,345
3 - 6 months 1,243,348 1,221,510
6 - 12 months 27,165 521,920
Over 12 months 4,425 5,558
4,130,767 5,101,619 4,319,102 5,241,388
