67
Bank Syariah Mandiri
Summary PL Rp billions
14.6 1.8
11.9 75.6
83.8 136.7
137.2 435.6
93.6 479.1
386.4 865.5
2005
9.9 1.3
11.5 93.7
31.3 46.1
52.5 187.0
61.3 212.6
223.1 435.7
H 1 ‘06
3.6 1.0
20.9 66.1
15.8 24.5
23.0 159.9
51.9 131.1
148.4 279.4
2003
10.6 39.3
CAR 83.3
74.6 LD R
103.4 30.1
N et Income after tax 150.4
43.4 N et Income before tax
140.6 42.3
Income from O perations
7.4 3.6
84.4 35.5
91.3 71.5
162.7 2002
315.0 Banks Share in O perating Income
269.2 3rd Party Share on Returns
584.2 Total O perating Income
2004
276.4 O perating Expenses
2.9 RO A
22.3 102.0
O ther O perating income
RO E
Selected Financial Ratios
68
Mandiri Sekuritas
Summary PL
18.4 48.0
34.8 82.8
21.2 48.4
20.6 114.5
131.8 13.1
9.0 6.0
42.6 20.9
197.3 2005
20.5 109.4
48.4 Profit from operations
5.3 36.2
5.7 Commissions
29.1 53.7
29.8 Salaries and allowances
52.7 72.4
24.0 11.6
54.1 33.5
25.5 24.9
6.1 5.1
3.9 102.4
2003
0.8 20.6
Underwriting Selling Fees
2.9 10.4
Advisory fees 3.5
53.0 Investment Mgmt Fees
8.7 15.6
Brokerage Commissions 74.6
244.0 O perating Revenue
H 1 ‘06 2004
Rp Bn
56.2 82.7
Interest D ividends 54.2
134.6 O perating Expenses
8.6 23.4
G A expenses
13.3 8.1
O ther income charges - net 7.2
101.3 Income before tax
63.0 61.9
2.4 Gain on Trading of
Marketable Securities
N et Income after tax 0.4
692.8 305.0
137.1 52.7
30.1 565.9
9.6 84.3
746.5 -
51.8 1,258.7
2005
698.9 150.0
67.0 61.7
79.3 380.8
8.0 123.0
794.0 50.0
82.9 1,079.7
2003
279.1 478.6
Receivables 571.7
538.8 Marketable
Securities
- 50.0
Time deposit 60.7
117.4 Cash Equivalent
1,297.4 1,435.7
Total Assets H 1 ‘06
2004 Rp Bn
607.6 699.3
Total Liabilities 39.3
39.1 Payable to
Clearing Guarantee body
222.2 420.3
Payable to customers
91.5 2.0
Repo 225.0
190.0 Bank Loans
736.4 11.8
10.3 Property
Equipment-net
Shareholders Equity 689.7
Summary Balance Sheet
69
N ew Management Team
Agus Martowardojo
President D irector
I W ayan Agus Mertayasa
D eputy President D irector
Omar S. Anwar
D irector Consumer Finance
Abdul Rachman
D irector Corporate Banking
Sasmita
D irector Technology
O perations
Zulkifli Zaini
D irector Commercial Banking
T homas Arifin
D irector Treasury
Riswinandi
D irector Special Asset
Management
Sentot A. Sentausa
D irector Risk Management
Bambang Setiawan
D irector Compliance
H uman Capital
Budi G. Sadikin
D irector Micro Retail
Banking
Pahala Mansury
EVP Coordinator Finance Strategy
CFO
70
Credit Recovery I
Corporate Banking
Abdul Rachman
Consumer Finance
Omar S. Anwar
Finance Strategy
Pahala M ansury
Technology O perations
Sasmita
O rganization Structure
Board of Commissioners
AX A Mandiri Financial
Services
Risk Management
Sentot Sentausa
Electronic Banking
Mandiri Securities
Asset Management
Consumer Risk
Jakarta Commercial
Sales
Micro Business
Consumer Card
Jakarta N etwork
Corporate Banking I
Market Risk
Investor Relations
IT Planning Security
H uman Capital
Bank Syariah Mandiri
W ealth Management
Compliance Procurement
Fixed Asset Commercial
Risk I Accounting
Regional Commercial
Sales
Small Business
Consumer Loans
Learning Center
Regional N etwork
Corporate Banking II
Portfolio O perational
Risk Strategy
Performance IT Business
Solutions Product
Management
Mass Banking
Legal Corporate
Banking III Corporate
Risk Change
Management O ffice
IT Infrastructure O perations
Central O perations
Groups moved to N ew D irectorate N ew D irectorate
Consolidated D irectorate Subsidiaries
IT Information Knowledge
Mgmt
Consumer Collection
Credit O perations
Audit Committee Risk Policy Committee
N omination Remuneration Committee Good Corporate Governance Committee
Internal Audit
FIO N
Chief Economist
Treasury BMEL
Commercial Banking
Z ulkifli Z aini
Micro Retail Banking
Budi Sadikin
Compliance H C
Bambang Setiawan
Credit Recovery II
Special Asset Management
Riswinandi
Commercial Risk II
Board of D irectors
D eputy President D irector
I W ayan Agus M ertayasa
President D irector CEO
Agus M artowardojo
Corporate Center
Business Units
Shared Services
Corporate Secretary
Treasury
Thomas Arifin
21,149
19,606 18,016
17,204 17,735
18,397 19,693
21,192
1999 2000
2001 2002
2003 2004
2005 H 1 06
S ta
ff in
g an
d D
is tr
ib u
ti o
n N
e tw
o rk
G ro
w th
658 635
730 909
546 687
789 921
1999 2000
2001 2002
2003 2004
2005 H 1 06
6,131 6,025
3,160 4,000
4,716 5,537
1999 2000
2001 2002
2003 2004
2005 H 1 06
2,667
513 533
1,184 2,022
2,470 2,560
1,559
1999 2000
2001 2002
2003 2004
2005 H 1 06
E m
p lo
y e
e s
D o
m e
st ic
B ra
n c
h N
e tw
o rk
A T
M N
e tw
o rk
A T
M -L
in k
N e
tw o
rk
9
5
N e
w A
T M
s
1 7
4 9
5 2
5 2
1 1
7 .6
7 .0
C h
an ge
-0 .2
3 .7
3 .1
-4 .5
-8 .1
1 2
5 9
N e
w B
ra n
c h
e s
1 2
4 3
5 2
8 9
-1 1
2
L o
an g
ro w
th ,
q u
al it
y a
n d
p ro
v is
io n
in g
re la
ti v
e t
o p
e e
rs
B an
k O
n ly
, A
s o
f M
ar c
h 2
6
217 199
146 88
47 46
43
95 77
77
Lippo BCA
BRI Panin
D anamon Permata
BII Mandiri
N iaga BN I
R a
ti o
o f P
ro v
is io
n s t
o N
P L
98,070 76,409
59,829 51,989
35,704 29,553
22,233 15,510
8,417
20,142
Mandiri BRI
BN I BCA
D anamon N iaga
Permata BII
Panin Lippo
T o
ta l L
o a
n s
R p
b n
3.6 -4.0