PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2008 and 2007 Expressed in millions of Rupiah, unless otherwise stated
118
49. SEGMENT INFORMATION continued
Primary Segment Information for the year ended December 31, 2008 continued:
Syariah Banking
Banking Securities
Others Elimination
Consolidated
Income from operations 7,824,134
279,939 61,480
74,265 180,846
7,910,442 Net income
5,360,122 196,416
965 16,449
261,131 5,312,821
Total assets 342,200,350
17,064,857 2,349,988
343,433 3,519,950
358,438,678 Total assets as a percentage of
total consolidated assets prior to elimination
94.54 4.71
0.65 0.09
Secondary Segment Information for the year ended December 31, 2008:
Pacific Indonesia
Asia West Europe
Cayman Elimination
Consolidated
Operating income 31,216,424
347,319 231,549
141,377 -
31,936,669 Inter-segment operating income
182,694 -
- -
182,694 -
Operating income including inter-segment operating income
31,399,118 347,319
231,549 141,377
182,694 31,936,669
Operating expenses 23,061,428
330,917 171,911
461,971 -
24,026,227 Inter-segment operating expenses
1,848 -
- -
1,848 -
Operating expenses including inter-segment operating expenses
23,063,276 330,917
171,911 461,971
1,848 24,026,227
Income from operations 8,335,842
16,402 59,638
320,594 180,846
7,910,442 Net income
5,424,121 9,398
42,148 117,081
261,131 5,312,821
Total assets 348,109,840
5,060,951 3,397,760
5,390,077 3,519,950
358,438,678 Total assets as a percentage of
total consolidated assets prior to elimination
96.17 1.40
0.94 1.49
Primary Segment Information for the year ended December 31, 2007:
Syariah Banking
Banking Securities
Others Elimination
Consolidated
Operating income 25,450,264
1,407,193 426,058
22,061 -
27,305,576 Inter-segment operating income
310,755 -
9,953 -
320,708 -
Operating income including inter-segment operating income
25,761,019 1,407,193
436,011 22,061
320,708 27,305,576
Operating expenses 19,501,579
1,239,725 271,858
79,497 -
21,092,659 Inter-segment operating expenses
21,428 -
- -
21,428 -
Operating expenses including inter-segment operating expenses
19,523,007 1,239,725
271,858 79,497
21,428 21,092,659
Income from operations 6,238,012
167,468 164,153
57,436 299,280
6,212,917 Net income
4,389,064 115,455
108,391 34,339
301,025 4,346,224
Total assets 306,090,346
12,885,378 2,721,589
345,967 2,957,690
319,085,590 Total assets as a percentage of
total consolidated assets prior to elimination
95.05 4.00
0.85 0.11
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2008 and 2007 Expressed in millions of Rupiah, unless otherwise stated
119
49. SEGMENT INFORMATION continued
Secondary Segment Information for the year ended December 31, 2007:
Pacific Indonesia
Asia West Europe
Cayman Elimination
Consolidated
Operating income 26,589,718
298,933 206,341
210,584 -
27,305,576 Inter-segment operating income
320,708 -
- -
320,708 -
Operating income including inter-segment operating income
26,910,426 298,933
206,341 210,584
320,708 27,305,576
Operating expenses 20,351,904
184,005 144,040
412,710 -
21,092,659 Inter-segment operating expenses
21,428 -
- -
21,428 -
Operating expenses including inter-segment operating expenses
20,373,332 184,005
144,040 412,710
21,428 21,092,659
Income from operations 6,537,094
114,928 62,301
202,126 299,280
6,212,917 Net income
4,299,212 102,884
44,107 201,046
301,025 4,346,224
Total assets 306,354,573
3,658,886 2,654,475
9,375,346 2,957,690
319,085,590 Total assets as a percentage of
total consolidated assets prior to elimination
95.13 1.14 0.82
2.91
50. CAPITAL ADEQUACY RATIO
The Capital Adequacy Ratio CAR is the ratio of the Bank’s capital over its Risk-Weighted Assets RWA. Under Bank Indonesia regulations, total capital includes core Tier I capital and supplementary capital
Tier II less investments in subsidiaries. To calculate the market risk exposure, the Bank could include the supplementary capital Tier III. Supplementary capital for taking account of market risk Tier III is short-term
subordinated loans which meet the criteria as capital components. The CAR of Bank Mandiri Bank Mandiri only as of December 31, 2008 and 2007 was 15.72 and 21.11 for CAR with credit risk and 15.66 and
20.75 for CAR with credit risk and market risk, respectively, and calculated as follows:
2008 2007
Capital: Tier I
22,182,866 23,194,122
Tier II 7,960,702
7,624,716 Total Tier I and Tier II
30,143,568 30,818,838
Less: Investments in subsidiaries 2,966,634
2,535,000 Total capital for credit risk Note 51
27,176,934 28,283,838
Tier III which allocated to anticipated market risk -
- Total capital for credit risk and market risk
27,176,934 28,283,838
Credit RWA 172,833,315
133,960,413 Market RWA
699,652 2,355,524
Total Risk-Weighted Assets for credit and market risk 173,532,967
136,315,937 Excludes the impact of deferred tax assets of Rp1,958,650 and Rp700,262 as of December 31, 2008 and 2007 and unrealized
losses of available for sale Securities and Government Bonds available for sale of Rp236,543 and Rp5,097 as of December 31, 2008 and 2007. On April 30, 2003, Bank Mandiri underwent a quasi-reorganization which accumulated losses of Rp162,874,901
was eliminated against additional paid-in capitalagio.
