NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5133 46. GAINLOSS ON SALE OF MARKETABLE SECURITIES AND GOVERNMENT BONDS
2012 2011
Marketable securities Fair value through profit and loss
76,919 80,400
Available for sale 50,992
- Government Bonds
Fair value through profit and loss 91,293
35,611 Available for sale
179,519 1,125
296,739 117,136
47. SALARIES AND EMPLOYEE BENEFITS
2012 2011
Salaries, wages, pension and tax allowances 4,476,187
3,892,610 Holidays THR, leave and related entitlements
810,835 807,860
Employee benefits in kind 579,503
424,182 Training and education
371,976 328,906
Provision for post-employment benefit expenses and free of service year
174,395 207,772
Provision of tantiem 112,739
109,822 Bonuses and others
1,520,081 995,319
8,045,716 6,766,471
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 are amounting to Rp521,447 and Rp405,791 Note 54 for the years ended 31 December 2012 and 2011,
respectively as follows:
2012 Long-term
Salaries and Bonus
Employment Allowance
Tantiem Benefits
Total
The Board of Commissioners 35,001
43,883 2,333
81,217 Directors
105,432 137,306
12,415 255,153
Audit Committee and Risk Monitoring and Good Corporate Governance Committee
2,941 1,117
- 4,058
Syariah Supervisory Board 1,110
220 -
1,330 Executive Vice Presidents and
Senior Vice Presidents 106,846
63,157 9,686
179,689 251,330
245,683 24,434
521,447 2011
Long-term Salaries and
Bonus Employment
Allowance Tantiem
Benefits Total
The Board of Commissioners 29,278
25,675 1,930
56,883 Directors
94,231 84,146
5,380 183,757
Audit Committee and Risk Monitoring and Good Corporate Governance Committee
1,614 691
- 2,305
Syariah Supervisory Board 837
- -
837 Executive Vice Presidents and
Senior Vice Presidents 105,055
41,925 15,029
162,009 231,015
152,437 22,339
405,791
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5134 48. GENERAL AND ADMINISTRATIVE EXPENSES
2012 2011
Professional fees 1,376,443
1,108,914 Promotions
1,000,810 929,292
Rent 964,594
864,746 Repairs and maintenance
861,311 631,524
Communications 763,002
577,075 Goodsservices provided by third parties
634,016 400,747
Depreciation of fixed assets Note 19 620,675
412,593 Electricity, water and gas
380,490 343,654
Office supplies 356,873
407,006 Transportations
265,332 222,711
Traveling expenses 167,844
145,454 Amortisation of intangible assets Note 20
89,884 56,311
Insurance expenses 65,550
60,564 Others
707,078 417,052
8,253,902 6,577,643
For the year ended 31 December 2012 and 2011, promotions expenses include the sweepstakes prize expense of third party funds amounting to Rp34,006 and Rp46,247, respectively.
49. EMPLOYEE BENEFITS
Under the Bank’s policy, in addition to salaries, employees are entitled to allowances and benefits, such as holiday allowance THR, medical reimbursements, death allowance, leave allowance,
functional allowance for certain levels, pension plan for permanent employees, incentives based on employee’s and the Bank’s performance, and post-employment benefits in accordance with prevailing
Labor Law.
Pension Plan
Bank Mandiri has five pension plans in the form of Employer Pension Plans DPPK as follows: a.
One defined contribution pension fund, Dana Pensiun Pemberi Kerja Program Pensiun Iuran Pasti DPPK-PPIP or Bank Mandiri Pension Plan Dana Pensiun Bank Mandiri DPBM which
was established on 1 August 1999. The DPBM’s regulations were approved by the Minister of Finance of the Republic of Indonesia through its Decision Letter No. KEP300KM.0171999
dated 14 July 1999 and was published in supplement of the State Gazette of the Republic of Indonesia
No. 62
dated 3 August
1999 and
Bank Mandiri’s
Directors’ Resolution
No. 004KEP.DIR1999 dated 26 April 1999 and were amended based on the Minister of Finance of the Republic of Indonesia’s Decision Letter No. KEP-213KM.52005 dated 22 July 2005 and
was published in the supplement of the State Gazette of the Republic of Indonesia No. 77 dated 27 September 2005 and Bank Mandiri’s Directors’ Resolution No. 068KEP.DIR2005 dated 28
June 2005.
Bank Mandiri and the employees contribute 10.00 and 5.00 of the Base Pension Plan Employee Income, respectively.
The Board of Directors and the members of the Supervisory Board of the DPBM are active employees of Bank Mandiri; therefore, in substance, Bank Mandiri has control over the DPBM.
DPBM invests a part of its investment fund in Bank Mandiri time deposits, of which total balance as at 31 December 2012 and 2011 were Rp82,260 and Rp35,175 respectively. The interest rates
on these time deposits are given on arms-length basis.
For the years ended 31 December 2012 and 2011, the Bank paid pension contributions amounting to Rp226,929 and Rp200,629, respectively.
