PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
142
49. MATURITY PROFILE continued
The maturity profile of the Bank’s assets and liabilities is as follows: continued
April 30, 2003 after quasi-reorganization
No Maturity Description
Total Contract
1 mth 1 mth - 3 mth 3 mth 6 mth 6 mth 12 mth 12 mth
Assets Cash
1,846,539 -
1,846,539 -
- -
- Current accounts with
Bank Indonesia 9,643,221
- 9,643,221
- -
- -
Current accounts with other banks - net
412,651 -
412,651 -
- -
- Placements with Bank Indonesia
and other banks - net 7,019,538
- 6,857,704
35,713 -
126,121 -
Securities - net 14,133,439
- 12,566,519
322,178 42,242
7,883 1,194,617
Government Recapitalization Bonds
150,332,380 -
2,029,644 1,227,148
1,751,586 3,464,133 141,859,869
Other receivables - trade transactions - net
573,185 -
241,951 108,618
200,513 22,103
- Derivative receivables - net
417,761 -
1,448 21,619
7,148 821
386,725 Loans - net
59,320,887 -
4,527,521 6,509,196
5,301,057 7,461,067
35,522,046 Acceptances receivable - net
2,688,233 -
754,740 819,611
730,242 383,640
- Investments in shares of
stock - net 122,271
122,271 -
- -
- -
Premises and equipment - net 2,043,088
2,043,088 -
- -
- -
Deferred tax assets - net 2,923,968
2,923,968 -
- -
- -
Accrued income 3,232,512
- 3,232,512
- -
- -
Receivables 2,810,862
- -
- -
- 2,810,862
Others - net 3,765,374
3,109,582 -
- -
655,792 -
Total Assets 261,285,909
8,198,909 42,114,450
9,044,083 8,032,788
12,121,560 181,774,119 Liabilities
Liabilities immediately payable 443,908
- 443,908
- -
- -
Demand deposits 33,467,719
- 33,467,719
- -
- -
Savings deposits 30,130,336
- 30,130,336
- -
- -
Time deposits 123,626,343
- 78,414,149
18,124,025 12,271,316
13,540,239 1,276,614
Certificates of deposit 119
- 119
- -
- -
Deposits from other banks - Demand deposits
285,423 -
285,423 -
- -
- - Inter-bank call money
1,574,947 -
1,574,947 -
- -
- - Time deposits
11,930,461 -
10,726,549 993,644
205,993 4,275
- Securities sold with
agreements to repurchase 735,000
- -
- -
735,000 -
Derivative payables 13,128
- 1,158
5,294 4,779
1,165 732
Acceptances payable 2,791,637
- 772,601
854,167 774,564
390,305 -
Securities issued 4,053,877
- 263,808
9,977 -
- 3,780,092
Fund borrowings 12,658,279
- 1,211,549
3,628,476 325,688
1,207,756 6,284,810
Estimated losses on commitments and
contingencies 1,488,315
1,488,315 -
- -
- -
Accrued expenses 974,474
- 974,474
- -
- -
Taxes payable 1,091,009
- 177,936
913,073 -
- -
Other liabilities 9,906,046
7,297,497 -
2,555,358 -
- 53,191
Subordinated loans 5,901,077
- 184
162,000 304,237
1,222,207 4,212,449
Loan capital 2,926,193
- -
- -
- 2,926,193
Total Liabilities 243,998,291
8,785,812 158,444,860
27,246,014 13,886,577
17,100,947 18,534,081
Net AssetsLiabilities 17,287,618
586,903 116,330,410 18,201,931
5,853,789 4,979,387 163,240,038
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
143
50. SEGMENT INFORMATION
The Bank considers the nature of business as the primary segment, and geographical areas as the secondary segment. The business activities of the Bank and its Subsidiaries and its geographical
locations are as follows:
Name of Company Nature of Business
Location PT Bank Mandiri Persero Tbk. Parent
Commercial Banking Indonesia, Singapore, Hong Kong,
Grand Cayman and Timor Leste PT Bank Syariah Mandiri Subsidiary
Syariah Banking Indonesia
Bank Mandiri Europe Limited Subsidiary Commercial Banking
United Kingdom PT Mandiri Sekuritas Subsidiary
Securities Indonesia
PT AXA Mandiri Financial Services formerly PT Asuransi Jiwa
Mandiri Subsidiary Note 2b Insurance
Indonesia Others
PT Bumi Daya Plaza Subsidiary and its subsidiaries
Property management Indonesia
PT Usaha Gedung Bank Dagang Negara Subisidiary and its subsidiaries
Property management Indonesia
Inter-segment transactions are made under the same terms and conditions as with other parties. Primary Segment Information for the year ended December 31, 2004
‘Syariah’ Banking
Banking Securities
Insurance Others
Elimination Consolidated
Operating income 22,243,815
695,387 250,533
- 70,679
- 23,260,414
Inter-segment operating income 189,123
- 5,282
- -
194,405 -
Operating income including inter-segment operating income
22,432,938 695,387
255,815 -
70,679 194,405
23,260,414 Operating expenses
14,951,923 554,745
163,462 -
69,685 -
15,739,815 Inter-segment operating expenses
5,282 -
- -
5,282 -
Operating expenses including inter-segment operating
expenses 14,957,205
554,745 163,462
- 69,685
5,282 15,739,815
Profit from operations 7,475,733
140,642 92,353
- 994
189,123 7,520,599
Net profit 5,255,561
103,447 62,988
- 22,758
189,123 5,255,631
Total assets 240,436,505
6,869,949 1,435,684
- 1,892,203
2,478,514 248,155,827
Total assets as a percentage of total consolidated assets
prior to elimination 95.93
2.74 0.57
0.00 0.76
Excludes PT AXA Mandiri Financial Services formerly PT Asuransi Jiwa Mandiri not consolidated as 51 of the ownership previously held by Bank Mandiri has been sold to National Mutual International Pty. Ltd., member of AXA Group, on November 5, 2003 Note 2b,