These consolidated financial statements are originally issued in Bahasa.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
27
1. GENERAL INFORMATION continued
g. Subsidiaries and Associates continued PT Asuransi Jiwa InHealth Indonesia continued
Bank Mandiri acquired 80 shares in Inhealth with total value of Rp1,320,000. Goodwill arising from the acquisition of InHealth amounted to Rp268,181 as of December 31, 2015. The Bank
periodically evaluates the impairment of goodwill the accordance with SFAS 48, Impairment of Assets Note 2s.
PT Mandiri Utama Finance
On April 16, 2014, Bank Mandiri and PT Asco Investindo ASCO and PT Tunas Ridean
Persero Tbk. TURI, has signed an agreement signing of a preliminary agreement to set up a finance company to be able to accelerate Bank Mandiri finance portfolio, especially in the segment
of vehicle financing.
On October 22, 2014, Bank Mandiri with ASCO and TURI has signed a shareholders agreement which had been agreed on the establishment of a finance company with an authorized capital is
Rp100,000 with an ownership composition of the Bank 51; ASCO 37; and TURI 12. Subsequently, on December 23, 2014, the Bank obtained a license principle equity participation in
the companys new financing from Bank Supervision FSA.
On January 21, 2015, the deed of incorporation of a new subsidiary of Bank Mandiri named PT Mandiri Utama Finance MUF has been signed as outlined in the notarial deed Ashoya
Ratam, SH, M.Kn. No. 19 dated January 21, 2015 and was approved by the Ministry of Justice and Human Rights of the Republic of Indonesia in Decree No. AHU-0003452.AH.01.01.TAHUN
2015 dated January 26, 2015. Concurrent with the signing of the deed of incorporation of the Bank also submit capital amounted to Rp51,000 as stipulated in the Bank’s shareholding in MUF. Based
on notarial deed No. 66 of Ashoya Ratam dated May 29, 2015 on the Circular Letter of Shareholders’ Meeting regarding the approval of change in composition of the Board of
Commissioners, where such changes have been registered with the Ministry of Justice and Human Rights of the Republic of Indonesia based on Letter No. AHU-AH.01.03-0936033 dated May 29,
2015.
After the signing of the deed, MUF submit application of financing company business license to OJK - Non-Bank Financial Institutions OJK IKNB. Upon request, the OJK IKNB has issued a
decree of IKNB Board of Commissioners of the OJK No. KEP-81D.052015 regarding the Granting Permit of Financing Company to PT Mandiri Utama Finance on June 25, 2015 through
letter No. SR-3516 NB.1112015 dated June 26, 2015, regarding the Granting Permit of Financing Company PT Mandiri Utama Finance.
On August 24, 2015, MUF has carried out the initial operational activities through cooperation with primary dealers and the disbursement of credit to limited customers to meet the requirements of
the OJK IKNB.
PT Mandiri Capital Indonesia
As of June 23, 2015, Bank Mandiri and PT Mandiri Sekuritas has established new subsidiary engaged in venture capital under the name of PT Mandiri Capital Indonesia MCI.
Establishment of the company was marked by the signing of the deed of Bank Mandiri and PT Mandiri Sekuritas in which the Bank invested capital amounting Rp9,900,000,000 full amount
representing 99 ownership stake in MCI and PT Mandiri Sekuritas to injected capital amounting to 100,000,000 full amount which represents a 1 stake in MCI, so that the capital structure of
MCI amounted Rp10,000,000,000 full amount.
These consolidated financial statements are originally issued in Bahasa.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
28
1. GENERAL INFORMATION continued
g. Subsidiaries and Associates continued PT Mandiri Capital Indonesia continued
Bank Mandiris equity participation in the framework of establishment of MCI was approved by the OJK per its the letter No. S-48PB.312015 regarding Application for Approval of Equity PT Bank
Mandiri Persero, Tbk. for the establishment of Venture Capital Company on June 11, 2015.
As of June 26, 2015, the establishment of MCI was approved by the Minister of Law and Human Rights through letter No. AHU-2445684.AH.01.01 2015. MCI has obtained a license to carry out
business activities in the field of venture capital on 10 November 2015 through the OJK letter No. SR-6035NB.111 2015 stating that MCI may carry out full operational activities.
h. Structure and Management
Bank Mandiri’s head office is located on Jalan Jenderal Gatot Subroto Kavling 36-38, South Jakarta, Indonesia. As of December 31, 2015 and 2014, Bank Mandiri’s domestic and overseas
offices are as follows unaudited:
31 December 31 December
2015 2014
Domestic Regional Offices 12
12 Domestic Branches:
Area 76
74 Community Branches
1,143 1.080
Mandiri Mitra Usaha offices 994
897 Cash Outlets
244 261
2,457 2,312
Overseas branches 6
6 As of
December 31, 2015, Bank Mandiri has overseas branches located in Cayman Islands, Singapore, Hong Kong, Dili Timor Leste, Shanghai People’s Republic of China and Dili Timor
Plaza. To support Bank Mandiri’s vision “To be the Best Bank in ASEAN in 2020”, Bank Mandiri divided
its organisation structure into Strategic Business Units SBU. In general, SBU consists of three major groups, which are:
1. Business Units, responsible for the Bank’s main business development consists of 2 two segments namely Wholesale segments consists of Corporate, Commercial, Treasury
Markets, and Retail retail segments consist of SME, Micro Banking and consumerIndividual include priority customers segment.
2. Corporate Center, responsible for supporting unit whom support overall Bank’s operational consists of Risk, Legal Compliance, Finance Strategy, Technology Operations, Retail
Risk, Wholesale Risk, Human Capital, Internal Audit, Corporate Transformation and Enterprise Data Management.
3. Distributions, responsible for selling products and goods unit to all segments of Bank’s customers, consist of 12 twelve Regional Offices spread across Indonesia.
On January 1, 2015, Bank restructured its organization structure and role and responsibilities of the Directors.
