PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2007 and 2006 Expressed in millions of Rupiah, unless otherwise stated
116
50. CAPITAL ADEQUACY RATIO continued
2007 2006
Capital: Tier I
23,194,122 22,011,986
Tier II 7,624,716
8,564,284 Total Tier I and Tier II
30,818,838 30,576,270
Less: Investments in subsidiaries 2,535,000
2,210,393 Total capital for credit risk Note 51
28,283,838 28,365,877
Tier III -
- Total capital for credit risk and market risk
28,283,838 28,365,877
Credit RWA 133,960,413
112,138,825 Market RWA
2,355,524 3,057,992
Total Risk-Weighted Assets for credit and market risk 136,315,937
115,196,817 Excludes the impact of deferred tax assets of Rp700,262 and Rp1,266,286 as of December 31, 2007 and 2006 and unrealized
gainslosses of Securities and Government Bonds available for sale of Rp5,097 and Rp327,960 as of December 31, 2007 and 2006. On April 30, 2003, Bank Mandiri undertook a quasi-reorganization which resulted in the accumulated losses of Rp162,874,901
being eliminated against additional paid-in capital.
2007 2006
CAR for credit risk 21.11
25.30 CAR for credit risk and market risk
20.75 24.62
Minimum CAR 8
8
51. NET OPEN POSITION Net Open Position calculation as of December 31, 2007 and 2006 based on Bank Indonesia’s Regulation
No. 737PBI2005 dated September 30, 2005. Based on the related regulation, banks are required to maintain aggregate and balance sheet net open position of a maximum of 20 of total capital. In
accordance with Bank Indonesia guidelines, the aggregate net open position ratio is the sum of the absolute values of the net difference between assets and liabilities denominated in each foreign currency which are
stated in Rupiah plus the net difference of receivables and payables of both commitments and contingencies recorded in the administrative accounts denominated in each foreign currency, which are stated in Rupiah.
The Net Open Position for balance sheets is the net difference between total assets and total liabilities in the balance sheets denominated in each foreign currency, which are stated in Rupiah.
The NOP by currency of Bank Mandiri as of December 31, 2007 was as follows:
Currency Assets
Liabilities Net Open Position
AGGREGATE ON OFF BALANCE SHEET United States Dollar
54,175,402 55,037,509
862,107 Euro
1,003,792 929,991
73,801 Hong Kong Dollar
350,233 102,891
247,342 Singapore Dollar
295,974 221,501
74,473 Japanese Yen
227,332 177,165
50,167 Great Britain Poundsterling
161,183 19,435
180,618 Australian Dollar
118,508 65,045
53,463 Others
46,460 22,229
31,179 Total
1,573,150
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2007 and 2006 Expressed in millions of Rupiah, unless otherwise stated
117
51. NET OPEN POSITION continued
The NOP by currency of Bank Mandiri as of December 31, 2007 was as follows continued:
Currency Assets
Liabilities Net Open Position
ON-BALANCE SHEET United States Dollar
48,996,492 49,949,573
953,081 Euro
997,020 904,992
92,028 Singapore Dollar
289,937 201,024
88,913 Hong Kong Dollar
239,622 102,891
136,731 Japanese Yen
171,041 134,694
36,347 Great Britain Poundsterling
123,005 12,983
110,022 Australian Dollar
110,137 29,792
80,345 Others
41,713 7,885
33,828 Total
374,867 Total Tier I and II Capital
less investments in subsidiaries Note 50 28,283,838
NOP Ratio On-Balance Sheet 1.33
NOP Ratio Aggregate 5.56
NOP Ratios based on the total capital as of November 2007 unaudited are as follows :
Total Capital November 2007 28,204,492
NOP Ratio On-Balance Sheet 1.33
NOP Ratio Aggregate 5.58
Sum of the absolute values of difference between assets and liabilities from other foreign currency
The Net Open Position by currency of Bank Mandiri as of December 31, 2006 is as follows:
Currency Assets
Liabilities Net Open Position
AGGREGATE ON OFF BALANCE SHEET United Stated Dolar
41,030,408 40,248,117
782,291 Japanese Yen
766,483 694,392
72,091 Euro
674,356 489,332
185,024 Singapore Dollar
240,952 232,290
8,662 Hong Kong Dollar
234,456 116,265
118,191 Great Britain Poundsterling
145,491 103,108
42,383 Australian Dollar
80,941 27,316
53,625 Others
28,129 6,951
28,084 Total
1,290,351 ON-BALANCE SHEET
United Stated Dollar 39,795,789
36,153,929 3,641,860
Singapore Dollar 231,935
220,868 11,067
Euro 218,275
513,025 294,750
Hong Kong Dollar 200,761
116,265 84,496
Japanese Yen 191,539
413,525 221,986
Great Britain Poundsterling 70,622
10,623 59,999
Australian Dollar 40,013
20,198 19,815
Others 23,610
6,951 16,659
Total 3,317,160
Total Tier I and II Capital less investments in subsidiaries Note 50
28,365,877 NOP Ratio On-Balance Sheet
11.69 NOP Ratio Aggregate
4.55
