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 5115 43. PENSION AND SEVERANCE continued
Free of Service Period MBT continued
Assumptions used in the actuarial report for MBT calculation are as follows: a.
Discount rate is 10.50 per annum 2008: 12.00 and 2007: 10.00. b.
Expected rate of annual salary increase is 11.00 2008: 11 and 2007: 10.00. c.
Normal retirement age is 56 years. d.
Turnover rate is 5.00 up to employees’ age of 25 and reducing linearly by 0.167 for each year up to 0.00 up to at age 55 and there after 2008: Turnover rate is 5.00 up to employees’ age of
25 and reducing linearly by 0.167 for each year up to 0.00 up to at age 55 and there after and 2007: 5.00 up to employees’ age of 25 and reducing linearly by 0.25 for each year up to 0.00
at age 45 and thereafter.
e. Mortality rate table is Indonesia mortality table 1999 or TMI II 2008: TMI II and 2007: US 1980
Commissioners’ Standard Ordinary Table of Mortality. f.
Disability rate is 10.00 of TMI II 2008: 10.00 of TMI II and 2007: 10.00 of mortality rate. Based on those assumptions, provision for MBT facilities for years ended 31 December 2009, 2008 and
2007 amounted to Rp973,347, Rp794,159 and Rp655,489, respectively Note 29. Reconciliation of Provision for Free of Service Period facilities are as follows:
2009 2008
2007
Current Service Cost 96,324
83,014 80,551
Interest Cost 92,466
63,972 48,045
Recognition of actuarial losses 34,110
31,216 60,113
Cost of provision for free of service period 222,900
178,202 188,709
Beginning balance of provision for free for service period facilities 794,159
655,489 489,650
Expenses during the year 222,900
178,202 188,709
Payment of benefits 43,712
39,532 22,870
Provision for free of service period Note 29 973,347
794,159 655,489
Subsidiaries does not have Free of Service Period MBT Benefit.
44. OTHER OPERATING EXPENSES - OTHERS - NET
2009 2008
2007
Fees and commissions expenses 321,911
184,519 107,258
Employee restructuring cost 220,569
- -
Others 288,893
284,810 221,983
831,373 469,329
329,241
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 5116 45. NON-OPERATING INCOME - NET
2009 2008
2007
Income from KSO agreement Note 15 131,640
- -
Rental income 69,634
82,148 84,073
Gain on sale of fixed assets Note 15 60,262
1,425 3,444
Penalties 1,553
775 2,448
Others - net 129,613
75,320 35,397
389,596 158,118
120,466
46. COMMITMENTS AND CONTINGENCIES
2009 2008
2007 COMMITMENTS
Commitment Payables: Unused loan facilities granted
Third parties 39,067,994
27,932,045 25,396,389
Outstanding irrevocable letters of credit Note 27: Third parties
7,7 36,568 5,450,602
7,425,994 Commitment Payables - Net
46,804,562 33,382,647
32,822,383 CONTINGENCIES
Contingent Receivables: Interest receivable on non-performing assets
5,768,219 5,070,591
6,259,377 Guarantees received from other banks
3,587,55 4 2,898,350
2,131,530 Others
33,032 33,610
32,728 Total Contingent Receivables
9,388,805 8,002,551
8,423,635 Contingent Payables:
Guarantees issued in the form of: Bank guarantees Note 27:
Third parties 17,292,891
15,236,085 11,988,327
Related parties 32,363
5,274 5,803
17,325,254 15,241,359
11,994,130 Standby letters of credit Note 27
4,238,153 4,304,101
2,991,294 Others
60,298 120,666
30,873 Total Contingent Payables
21,623,705 19,666,126
15,016,297 Contingent Payables - Net
12,234,900 11,663,575
6,592,662 COMMITMENTS AND CONTINGENCIES PAYABLE - NET
59,039,462 45,046,222
39,415,045
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 5117 47. FOREIGN CURRENCY TRANSACTIONS
Forward and cross currency swap transactions are presented as derivative receivables or payables in the consolidated balance sheets Note 10.
Details of outstanding buy and sell foreign currency spot transactions are as follows Bank Mandiri only:
2009
Spot-Buy Spot- Sell
Original Currency Rupiah
Original Currency Rupiah
Original Currency full amount
Equivalent full amount
Equivalent
United States Dollar 18,296,000
171,891 25,459,600
239,193 Others
- 156,257
- 112,382
328,148 351,575
2008
2
Spot-Buy Spot- Sell
Original Currency Rupiah
Original Currency Rupiah
Original Currency full amount
Equivalent full amount
Equivalent
United States Dollar 18,332,661
199,826 3,503,433
38,187 Others
- 78,235
- 164,830
278,061 203,017
2007
2
Spot-Buy Spot- Sell
Original Currency Rupiah
Original Currency Rupiah
Original Currency full amount
Equivalent full amount
Equivalent
United States Dollar 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
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 5118 48. RELATED PARTY TRANSACTIONS
a. Normal Banking Activities