PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
54
12. DERIVATIVE RECEIVABLES AND PAYABLES continued
As of April 30, 2003, a summary of derivative transactions is as follows:
Notional Amount
Fair Value
Derivative Derivative
Transactions Contract
Note 2l
Recievables Payables
Third parties Cross Currency:
1. Forward - buy US
Dollar 343,035
331,759 -
11,276 2, Forward - sell
US Dollar
329,358 318,265
11,093 -
3, Swap - buy US
Dollar 303,926
302,193 55
1,788 4, Swap - selll
US Dollar
1,694,471 1,372,302
322,233 64
Others Interest Rate Swap
US Dollar
88,578 -
Total 421,959
13,128 Less: Allowance for possible losses
4,198 -
417,761 13,128
Movements of allowance for possible losses on derivative receivables:
Six-month Six-month Two
month Four-month
Period ended Period ended
Period ended Period ended
June 30, 2004 June 30, 2003
June 30, 2003 April 30, 2003
Balance at beginning of period 10,343
3,626 4,198
3,626 Reversalprovision during the period
5,000 8,251
7,679 572
Balance at end of period 5,343
11,877 11,877
4,198
As of June 30, 2004 and 2003, and April 30, 2003, all derivatives were classified as Current. Management believes that the allowance for possible losses on derivative receivables is adequate.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
55
13. LOANS
A. Details of loans: a By Currency and Related Parties and Third Parties:
June 30, 2004 June 30, 2003
April 30, 2003
Rupiah: Related
parties 365,401
543,634 496,990
Third parties
51,052,789 40,788,291 41,245,530
51,418,190 41,331,925
41,742,520 Foreign
Currency: Related
parties 447,115
496,386 521,641
Third parties
30,384,341 24,958,442 27,139,752
30,831,456 25,454,828
27,661,393 Total
82,249,646 66,786,753 69,403,913 Less: Allowance for possible losses
8,662,010 8,513,360
9,879,080 Deferred
income 146,621 199,553 203,946
73,441,015 58,073,840 59,320,887
b By Type:
June 30, 2004 June 30, 2003
April 30, 2003
Rupiah: Working
capital 24,486,095 18,741,868
19,585,221 Investment
13,195,211 12,915,091 12,257,518
Consumer 4,006,984
1,785,693 1,232,667
Government program Note 13B.d 3,626,996
1,535,248 1,694,233
Export 2,752,547
3,055,480 2,838,784
Syndicated Note 13B.e 1,937,291
2,998,590 3,826,755
Employees 1,413,066
284,776 292,342
Others -
15,179 15,000
51,418,190 41,331,925
41,742,520 Foreign
Currency: Working
capital 8,635,078
6,537,587 7,785,720
Investment 14,294,475
10,626,524 12,036,462
Consumer 115,083
57,993 62,449
Government program Note 13B.d 113,172
97,652 103,028
Export 3,492,362
2,926,191 3,529,220
Syndicated Note 13B.e 3,509,818
4,855,371 3,806,891
Employees 815
227 660
Others 670,653
353,283 336,963
30,831,456 25,454,828
27,661,393 Total
82,249,646 66,786,753 69,403,913
Lessi: Allowance for possible losses 8,662,010
8,513,360 9,879,080
Deferred income
146,621 199,553 203,946
73,441,015 58,073,840 59,320,887
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
56
13. LOANS continued
