PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004 Expressed in millions of Rupiah, unless otherwise stated
138
61. RECONCILIATION OF NET INCOME AND SHAREHOLDERS’ EQUITY TO THE AMOUNTS DETERMINED UNDER IFRS
The following is a summary of the adjustments to shareholders’ equity as of December 31, 2005 and 2004 and net profit for the years then ended, which would be required if IFRS had been applied by Bank Mandiri
instead of Indonesian GAAP in the preparation of its consolidated financial statements.
Dec 31, Dec 31,
2005 2004
Shareholders’ equity as reported in the consolidated financial statements prepared
under Indonesian GAAP 23,214,722
24,934,707
IFRS adjustments - increasedecrease due to: Allowance for possible losses on earning assets
1,170,791 1,509,761
Allowance for possible losses on commitments and
contingencies 338,407
561,282 Employee benefits
- -
Accretion of deferred income arising from the purchase of loans from IBRA
56,097 65,143
De-recognition of revaluation of premises and
equipment 2,747,181 2,772,609
Deferred income taxes 1,057,040
190,927 Net decrease in reported shareholders’ equity
2,466,428 445,496
Shareholders’ equity in accordance with IFRS 20,748,294
24,489,211 For the year
For the year ended
ended Dec 31, 2005
Dec 31, 2004 Net profit as reported in the consolidated financial
statements prepared under Indonesian GAAP 603,369
5,255,631
IFRS adjustments - increasedecrease due to: Allowance for possible losses on earning assets
2,680,552 309,000
Allowance for possible losses on commitments and contingencies
222,875 70,147
Employee benefits -
25,185 Accretion of deferred income arising from
the purchase of Ioans from IBRA 9,046
10,366 De-recognition of revaluation of premises
and equipment
25,428 75,301
Deferred income taxes 860,686
38,400 Net decrease in reported net profit
2,008,267 89,601
Net lossprofit in accordance with IFRS 1,404,898
5,166,030 Net lossearnings per share
Basic full amount 69.61
257.28 Diluted full amount
69.12 255.39
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004 Expressed in millions of Rupiah, unless otherwise stated
139
62. SUBSEQUENT EVENTS
a. Regarding the execution of MSOP-Stage 1, on January 5, 2006, the Bank’s Articles of Association has been amended by Notarial Deed No. 11 of Aulia Taufani, S.H., substitute notary of Sutjipto, S.H. and
has been reported to the Ministry of Justice and Human Rights Department with the receipt No. C- 02540 HT.01.04.TH.2006 dated January 27, 2006.
b. On January 2006, Bank Indonesia issued certain regulations in respect to, among others, Amendment to Bank Indonesia Regulation No. 72PBI2005 Concerning Asset Quality Rating For Commecial
Banks, Calculation of Risk-Weighted Assets for Small Business Loan, Housing Loan and EmployeeRetirement Loan, implementation of Good Corporate Governance for a Commercial Banks,
Bank Intermediaries and Implementation of consolidated Risk Management for Banks having control over subsidiaries. Management is in the process of evaluating the impact of this regulation on the
Consolidated Financial Statements.
63. COMPLETION OF THE CONSOLIDATED FINANCIAL STATEMENTS The management of the Bank is responsible for the preparation of these consolidated financial statements
which were completed on March 9, 2006.
140
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES INDEX TO ADDITIONAL INFORMATION
DECEMBER 31, 2005 AND 2004
Balance Sheets - Parent Company Only………………………………………………….………
Appendix 1 Statements of Profit and Loss - Parent Company Only …………………………………………
Appendix 2 Statements of Changes in Shareholders’ Equity - Parent Company Only …………………….
Appendix 3 Statements of Cash Flows - Parent Company Only ……………………………………………..
Appendix 4 Quality of Earnings Assets - Parent Company Only...……………………………………………
Appendix 5
