RELATED PARTY TRANSACTIONS Distribution of Net Income
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2014 AND 2013
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5147 55. RELATED PARTY TRANSACTIONS continued
Related parties relationship with government related entities continued
Related Parties Nature of Relationship
PT Indonesia Kendaraan Terminal Subsidiary of State Owned Enterprise
PT Indonesia Power Subsidiary of State Owned Enterprise
PT Infomedia Nusantara Subsidiary of State Owned Enterprise
PT Ismawa Trimitra Subsidiary of State Owned Enterprise
PT Itci Hutani Manunggal Subsidiary of State Owned Enterprise
PT Itci Kayan Hutani Subsidiary of State Owned Enterprise
PT Jasa Peralatan Pelabuhan Indonesia Subsidiary of State Owned Enterprise
PT Kalimantan Agro Nusantara Subsidiary of State Owned Enterprise
PT Kaltim Industrial Estate Subsidiary of State Owned Enterprise
PT Kaltim Nusa Etika Subsidiary of State Owned Enterprise
PT Kawasan Industri Kujang Cikampek Subsidiary of State Owned Enterprise
PT Kereta Api Logistik Subsidiary of State Owned Enterprise
PT Kereta Api Pariwisata Subsidiary of State Owned Enterprise
PT Kertas Padalarang Subsidiary of State Owned Enterprise
PT Kimia Farma Trading Distributor Subsidiary of State Owned Enterprise
PT Kodja Terramarin Subsidiary of State Owned Enterprise
PT Krakatau Daya Listrik Subsidiary of State Owned Enterprise
PT Krakatau Engineering Subsidiary of State Owned Enterprise
PT Krakatau Information Technology Subsidiary of State Owned Enterprise
PT Krakatau Prima Dharma Sentana Subsidiary of State Owned Enterprise
PT Mega Eltra Subsidiary of State Owned Enterprise
PT Mitra Kerinci Subsidiary of State Owned Enterprise
PT Multi Nitrotama Kimia Subsidiary of State Owned Enterprise
PT Multi Terminal Indonesia Subsidiary of State Owned Enterprise
PT Nusantara Regas Subsidiary of State Owned Enterprise
PT Pal Marine Service Subsidiary of State Owned Enterprise
PT Pann Pembiayaan Maritim Subsidiary of State Owned Enterprise
PT Patra Jasa Subsidiary of State Owned Enterprise
PT Pelindo Marine Service Subsidiary of State Owned Enterprise
PT Pelita Air Service Subsidiary of State Owned Enterprise
PT Pelita Indonesia Djaya Corp Subsidiary of State Owned Enterprise
PT Pembangkit Jawa Bali PJB Subsidiary of State Owned Enterprise
PT Perhutani Alam Wisata Subsidiary of State Owned Enterprise
PT Perhutani Anugerah Kimia Subsidiary of State Owned Enterprise
PT Permodalan Nasional Madani Investment Management
Subsidiary of State Owned Enterprise
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2014 AND 2013
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5148 55. RELATED PARTY TRANSACTIONS continued
Related parties relationship with government related entities continued
Related Parties Nature of Relationship
PT Permodalan Nasional Madani Venture Capital Subsidiary of State Owned Enterprise
PT Peroksida Indonesia Pratama Subsidiary of State Owned Enterprise
PT Pertamina Drilling Services Indonesia Subsidiary of State Owned Enterprise
PT Pertamina Hulu Energi Subsidiary of State Owned Enterprise
PT Petro Jordan Abadi Subsidiary of State Owned Enterprise
PT Petrokimia Gresik Subsidiary of State Owned Enterprise
PT Petrokimia Kayaku Subsidiary of State Owned Enterprise
PT Petrosida Subsidiary of State Owned Enterprise
PT PLN Batam Subsidiary of State Owned Enterprise
PT PLN Tarakan Subsidiary of State Owned Enterprise
PT PP Dirganeka Subsidiary of State Owned Enterprise
PT PP Pracetak Subsidiary of State Owned Enterprise
PT Prima Layanan Nasional Subsidiary of State Owned Enterprise
PT Prima Terminal Petikemas Subsidiary of State Owned Enterprise
PT Pupuk Indonesia Logistik Subsidiary of State Owned Enterprise
PT Pupuk Iskandar Muda Subsidiary of State Owned Enterprise
PT Pupuk Kalimantan TimurPT Pupuk Kaltim Subsidiary of State Owned Enterprise
PT Pupuk Kujang Subsidiary of State Owned Enterprise
PT Pupuk Sriwidjaja Palembang Subsidiary of State Owned Enterprise
PT Railindo Global Karya Subsidiary of State Owned Enterprise
PT Reasuransi Internasional Indonesia Subsidiary of State Owned Enterprise
PT Reasuransi Nasional Indonesia Subsidiary of State Owned Enterprise
PT Rekaindo Global Jasa Subsidiary of State Owned Enterprise
PT Rekayasa Engineering Subsidiary of State Owned Enterprise
PT Rekayasa IndustriPT REKIND Subsidiary of State Owned Enterprise
PT Rumah Sakit Pelni Subsidiary of State Owned Enterprise
PT Sarana Bandar Nasional Subsidiary of State Owned Enterprise
PT Sari Valuta Asing Subsidiary of State Owned Enterprise
PT Sariarthamas Hotel International Subsidiary of State Owned Enterprise
PT Semen Padang Subsidiary of State Owned Enterprise
PT Semen Tonasa Subsidiary of State Owned Enterprise
PT Stannia Bineka Jasa Subsidiary of State Owned Enterprise
PT Surveyor Carbon Consulting Indonesia Subsidiary of State Owned Enterprise
PT Surya Hutani Jaya Subsidiary of State Owned Enterprise
PT Tambang Timah Subsidiary of State Owned Enterprise
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2014 AND 2013
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5149 55. RELATED PARTY TRANSACTIONS continued
Related parties relationship with government related entities continued
Related Parties Nature of Relationship
PT Tanjung Redeb Hutani Subsidiary of State Owned Enterprise
PT Telekomunikasi Indonesia International Subsidiary of State Owned Enterprise
PT Telekomunikasi Selular Subsidiary of State Owned Enterprise
PT Terminal Peti Kemas Surabaya Subsidiary of State Owned Enterprise
PT Terminal Petikemas Indonesia Subsidiary of State Owned Enterprise
PT Terminal Petikemas Kodja Subsidiary of State Owned Enterprise
PT Trans Marga Jateng Subsidiary of State Owned Enterprise
PT Wijaya Karya Bangunan Gedung Subsidiary of State Owned Enterprise
PT Wijaya Karya Beton Subsidiary of State Owned Enterprise
PT Wijaya Karya Intrade Energy Subsidiary of State Owned Enterprise
PT Wijaya Karya Realty Subsidiary of State Owned Enterprise
BPJS Kesehatan previously PT ASKES Persero State Owned Enterprise
BPJS Ketenagakerjaan previously PT Jamsostek Persero
State Owned Enterprise Perum BULOG
State Owned Enterprise Perum DAMRI
State Owned Enterprise Perum Jaminan Kredit Indonesia JAMKRINDO
State Owned Enterprise Perum Jasa Tirta II Persero
State Owned Enterprise Perum Lembaga Penyelenggara Pelayanan Navigasi
Penerbangan Indonesia PERUM LPPNPI State Owned Enterprise
Perum Pegadaian State Owned Enterprise
Perum Percetakan Negara Republik Indonesia State Owned Enterprise
Perum Percetakan Uang Republik IndonesiaPERUM PERURI
State Owned Enterprise Perum Perikanan Indonesia PERUM PERINDO
State Owned Enterprise Perum Perumnas
State Owned Enterprise Perum PPD Tbk
State Owned Enterprise Perum Produksi Film Negara
State Owned Enterprise PT Adhi Karya Persero Tbk
State Owned Enterprise PT Amarta Karya Persero
State Owned Enterprise PT Aneka Tambang Persero Tbk.
State Owned Enterprise PT Angkasa Pura I Persero
State Owned Enterprise PT Angkasa Pura II Persero
State Owned Enterprise PT ASABRI Persero
State Owned Enterprise PT ASDP Indonesia Ferry Persero
State Owned Enterprise PT Asei Reasuransi Indonesia Persero
State Owned Enterprise PT Asuransi Ekspor Indonesia
State Owned Enterprise PT Asuransi Jasa Indonesia Persero
State Owned Enterprise
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2014 AND 2013
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5150 55. RELATED PARTY TRANSACTIONS continued
Related parties relationship with government related entities continued
Related Parties Nature of Relationship
PT Asuransi Jasa Raharja State Owned Enterprise
PT Asuransi Jiwasraya Persero State Owned Enterprise
PT Asuransi Kredit IndonesiaPT Askrindo Persero State Owned Enterprise
PT Bahana Pembinaan Usaha Indonesia Persero State Owned Enterprise
PT Balai Pustaka Persero State Owned Enterprise
PT Bali Tourism Development Corporation State Owned Enterprise
PT Bank Negara Indonesia Persero Tbk. State Owned Enterprise
PT Bank Rakyat Indonesia Persero Tbk. State Owned Enterprise
PT Bank Tabungan Negara Persero Tbk. State Owned Enterprise
PT Barata Indonesia Persero State Owned Enterprise
PT Berdikari Persero State Owned Enterprise
PT Bhanda Ghara Reksa Persero State Owned Enterprise
PT Bina Karya Persero State Owned Enterprise
PT Bio Farma Persero State Owned Enterprise
PT Biro Klasifikasi Indonesia Persero State Owned Enterprise
PT Boma Bisma Indra Persero State Owned Enterprise
PT Brantas Abipraya Persero State Owned Enterprise
PT Cambrics Primissima Persero State Owned Enterprise
PT Dahana Persero State Owned Enterprise
PT Danareksa Persero State Owned Enterprise
PT Dirgantara Indonesia Persero State Owned Enterprise
PT Djakarta Llyod Persero State Owned Enterprise
PT Dok Perkapalan Kodja Bahari Persero State Owned Enterprise
PT Dok Perkapalan Surabaya Persero State Owned Enterprise
PT Elnusa Tbk. State Owned Enterprise
PT Energi Manajemen Indonesia State Owned Enterprise
PT Garam Persero State Owned Enterprise
PT Garuda Indonesia Persero Tbk. State Owned Enterprise
PT Hotel Indonesia Natour State Owned Enterprise
PT Hutama Karya Persero State Owned Enterprise
PT Iglas Persero State Owned Enterprise
PT Indah Karya State Owned Enterprise
PT Indofarma Persero Tbk. State Owned Enterprise
PT Indosat Tbk. State Owned Enterprise
PT Indra Karya Persero State Owned Enterprise
PT Industri Kapal Indonesia Persero State Owned Enterprise
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2014 AND 2013
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5151 55. RELATED PARTY TRANSACTIONS continued
Related parties relationship with government related entities continued
Related Parties Nature of Relationship
PT Industri Kereta Api INKA State Owned Enterprise
PT Industri Nuklir Indonesia Persero previously PT Batan Teknologi
State Owned Enterprise PT Industri Sandang Nusantara
State Owned Enterprise PT Industri Soda Indonesia Persero
State Owned Enterprise PT Industri Telekomunikasi Indonesia ITI
State Owned Enterprise PT Inhutani I
State Owned Enterprise PT Inhutani II
State Owned Enterprise PT Inhutani III
State Owned Enterprise PT Inhutani IV
State Owned Enterprise PT Inhutani V
State Owned Enterprise PT INTI Persero
State Owned Enterprise PT Istaka Karya
State Owned Enterprise PT Jasa Marga Persero Tbk.
State Owned Enterprise PT Jiep
State Owned Enterprise PT Kawasan Berikat Nusantara Persero
State Owned Enterprise PT Kawasan Industri Makasar Persero
State Owned Enterprise PT Kawasan Industri Medan Persero
State Owned Enterprise PT Kawasan Industri Wijayakusuma Persero
State Owned Enterprise PT Kereta Api Indonesia Persero
State Owned Enterprise PT Kertas Kraft Aceh Persero
State Owned Enterprise PT Kertas Leces Persero
State Owned Enterprise PT Kimia Farma Persero Tbk.
State Owned Enterprise PT Kliring Berjangka Indonesia Persero
State Owned Enterprise PT Krakatau Steel Persero Tbk.
State Owned Enterprise PT Len Industri Persero
State Owned Enterprise PT Merpati Nusantara Airlines
State Owned Enterprise PT Nindya Karya Persero
State Owned Enterprise PT PAL Indonesia Persero
State Owned Enterprise PT Pann Multi Finance Persero
State Owned Enterprise PT Pelabuhan Indonesia I Persero
State Owned Enterprise PT Pelabuhan Indonesia II Persero
State Owned Enterprise PT Pelabuhan Indonesia III Persero
State Owned Enterprise PT Pelabuhan Indonesia IV Persero
State Owned Enterprise PT Pelayaran Bahtera Adiguna
State Owned Enterprise PT Pelayaran Nasional Indonesia Persero PT
PELNI State Owned Enterprise
PT Pembangunan Perumahan Persero Tbk. State Owned Enterprise
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2014 AND 2013
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5152 55. RELATED PARTY TRANSACTIONS continued
Related parties relationship with government related entities continued
Related Parties Nature of Relationship
PT Pengembangan Pariwisata Indonesia Persero State Owned Enterprise
PT Pengusahaan Daerah Industri Pulau Batam Persero
State Owned Enterprise PT Perhutani
State Owned Enterprise PT Perikanan Nusantara
State Owned Enterprise PT Perkebunan Nusantara I Persero
State Owned Enterprise PT Perkebunan Nusantara II Persero
State Owned Enterprise PT Perkebunan Nusantara III Persero
State Owned Enterprise PT Perkebunan Nusantara IV Persero
State Owned Enterprise PT Perkebunan Nusantara V Persero
State Owned Enterprise PT Perkebunan Nusantara VI Persero
State Owned Enterprise PT Perkebunan Nusantara VII Persero
State Owned Enterprise PT Perkebunan Nusantara VIII Persero
State Owned Enterprise PT Perkebunan Nusantara IX Persero
State Owned Enterprise PT Perkebunan Nusantara X Persero
State Owned Enterprise PT Perkebunan Nusantara XI Persero
State Owned Enterprise PT Perkebunan Nusantara XII Persero
State Owned Enterprise PT Perkebunan Nusantara XIII Persero
State Owned Enterprise PT Perkebunan Nusantara XIV Persero
State Owned Enterprise PT Permodalan Nasional Madani Persero
State Owned Enterprise PT Pertamina Persero
State Owned Enterprise PT Pertani Persero
State Owned Enterprise PT Perusahaan Gas Negara Tbk.
State Owned Enterprise PT Perusahaan Listrik Negara Persero
State Owned Enterprise PT Perusahaan Pengelolaan Aset
State Owned Enterprise PT Perusahaan Perdagangan Indonesia Persero
State Owned Enterprise PT Pindad Persero
State Owned Enterprise PT Pos Indonesia Persero
State Owned Enterprise PT Prasarana Perikanan Samudera
State Owned Enterprise PT Pupuk Indonesia Holding Company previously
PT Pupuk Sriwidjaja Persero State Owned Enterprise
PT Rajawali Nusantara Indonesia State Owned Enterprise
PT Reasuransi Umum Indonesia State Owned Enterprise
PT Rukindo State Owned Enterprise
PT Sang Hyang Seri State Owned Enterprise
PT Sarana Karya State Owned Enterprise
PT Sarana Multi Infrastruktur Persero State Owned Enterprise
PT Sarana Multigriya Finansial Persero State Owned Enterprise
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2014 AND 2013
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5153 55. RELATED PARTY TRANSACTIONS continued
Related parties relationship with government related entities continued
Related Parties Nature of Relationship
PT Sarinah Persero State Owned Enterprise
PT Semen Baturaja Persero State Owned Enterprise
PT Semen Indonesia Persero Tbk. previously PT Semen Gresik Persero Tbk.
State Owned Enterprise PT Semen Kupang
State Owned Enterprise PT Sier
State Owned Enterprise PT Sucofindo Persero
State Owned Enterprise PT Survey Udara Penas
State Owned Enterprise PT Surveyor Indonesia
State Owned Enterprise PT Taman Wisata Candi Borobudur, Prambanan
Ratu Boko State Owned Enterprise
PT Tambang Batubara Bukit Asam Persero Tbk. State Owned Enterprise
PT Taspen State Owned Enterprise
PT Telekomunikasi Indonesia TbkPT Telkom Tbk. State Owned Enterprise
PT Timah Persero Tbk. State Owned Enterprise
PT Varuna Tirta Prakasya Persero State Owned Enterprise
PT Virama Karya State Owned Enterprise
PT Waskita Karya Persero State Owned Enterprise
PT Wijaya Karya Persero Tbk. State Owned Enterprise
PT Yodya Karya Persero State Owned Enterprise
Lembaga Pembiayaan Ekspor Indonesia Financial Institution
PT Indonesia Infrastruktur Finance Financial Institution
PT Penjaminan Infrastruktur Indonesia Persero Financial Institution
Pusat Investasi Pemerintah Financial Institution
Nature of transactions with Government related entities are current accounts with other bank, placements with other banks, marketable securities, Government Bonds, other receivables -
trade transaction, securities purchased under resale agreement, derivative receivables, loans, consumer financing receivables, acceptance receivables, derivative payables, deposit from
customers, deposits from other bank, interbank call money, acceptance payables, marketable securities issued, fund borrowing, subordinated loan, unused loan facility, bank guarantees,
irrevocable letters of credit and standby letters of credit.
In the ordinary course of its business, the Group also purchases or pays for services, such as telecommunication expense, utility expense and other expenses to Government related entities.
On 19 December 2013, Bank Mandiri sold all of its shares in UGM to Dana Pensiun Bank Mandiri, Dana Pensiun Mandiri 2, Mandiri Healthcare and BDP to Dana Pensiun Bank Mandiri,
Dana Pensiun Mandiri 1, Mandiri Healthcare with market value amounting to Rp396,000. This transaction represents transaction between entities under common control refer Note 1g and
40b.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2014 AND 2013
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5154 55. RELATED PARTY TRANSACTIONS continued
Transactions with management and key personnel of Bank Mandiri
Total gross salaries and allowances, bonustantiem, long-term employment benefits of the Boards of Commissioners, Directors, Audit Committee and Risk Monitoring and Good Corporate
Governance Committee, Syariah Supervisory Board and Executive Vice President and Senior Vice President Note 48 for the years ended 31 December 2014 and 2013 amounting to
Rp717,073 and Rp586,221 or 2.83 and 2.60 of total consolidated operating expenses - others, respectively.
Shares owned by the Board of Directors from MSOP program for the years ended 31 December 2014 and 2013 amounting to 13,892,900 shares and 15,598,741 shares or 0.04
and 0.05 of total authorised capital, respectively.
Details of significant transactions with related parties as at 31 December 2014 and 2013, are as follows:
2014 2013
Assets Current accounts with other banks Note 5a
20,937 39,388
Placements with Bank Indonesia and other banks Note 6b 1,503,078
916,782 Marketable securities Note 7a
14,803,097 8,937,255
Government Bonds Note 8 86,153,906
82,227,428 Other receivables - trade transactions Note 9a
6,414,623 3,904,858
Derivative receivables Note 11 5,807
2,792 Loans Note 12A.a and 12B.g
67,613,532 57,315,200
Consumer financing receivables Note 13a 7,420
5,738 Acceptance receivables Note 15a
252,138 779,807
Total assets with related parties 176,774,538
154,129,248
Total consolidated assets 855,039,673
733,099,762 Percentage of total assets with related
parties to total consolidated assets 20.67