PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2013 AND 2012
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5106 34. EMPLOYEE BENEFIT LIABILITIES
2013 2012
Rupiah - Provision for post-employment benefit Note 50
1,965,656 1,635,427
- Provisions for bonuses, leave and holiday entitlements 2,619,413
2,177,891 4,585,069
3,813,318
The provision for post-employment benefit such as pension fund and other long term remuneration is according
to Bank and Subsidiaries’ policy which had been calculated using actuarial calculation.
35. OTHER LIABILITIES
2013 2012
Rupiah: Liability to policyholders
1,955,475 1,342,629
Payable to customers 1,271,409
1,058,361 Liability related to ATM and credit card transaction
1,001,071 1,231,126
Non controlling interest from Subsidiary’s mutual fund consolidation 857,009
777,276 Guarantee deposits
744,712 878,283
Deferred income directly attributable 555,001
653,656 Deferred income not directly attributable
181,831 142,884
Customers transfer transaction 138,046
130,256 Payable from purchase of marketable securities
726 22,940
Others 4,624,750
3,614,293 Total Rupiah
11,330,030 9,851,704
Foreign currencies: Guarantee deposits Note 61B.v
1,357,207 1,030,110
Customers transfer transaction 535,090
623,867 Deferred income not directly attributable
447,467 313,707
Other liabilities related to UPAS transactions Note 61B.v 283,127
1,075,973 Deferred income directly attributable
5,813 848
Others 207,480
883,832 Total foreign currencies
2,836,184 3,928,337
14,166,214 13,780,041
Liabilities to policy holders consists of Subsidiary’s AXA Mandiri Financial Services and Mandiri AXA
General Insurance liability for future policy benefits for non unit-linked policyholders, claim payables, unearned premium income and estimated claim liabilities, amounting to Rp1,368,306, Rp35,394,
Rp399,103 and Rp152,672 as at 31 December 2013 and amounting to Rp1,042,530, Rp33,526, Rp160,266 and Rp106,307 as at 31 December 2012.
Payable to customers are mostly represent payable arising from marketable securities transactions done by PT
Mandiri Sekuritas the Bank’s subsidiary. Liability related to ATM and credit card transactions represents payable arising from ATM transactions
via ATM Bersama, ATM Link and ATM Prima network and payable to Visa and MasterCard on credit card transactions.
Non-
controling interest from Subsidiary’s mutual funds consolidation represents the portion of non- controling arises from consolidation of mutual funds controlled by Subsidiary AXA Mandiri Financial
Services. Guarantee deposits are cash guarantee deposited by the Bank’s customers for export and import
transaction and bank guarantee issuance. Deferred income directly attributable represents unamortised provisioncommissions income directly
attributable to loans. Deferred income not directly attributable represents unamortised provisioncommissions income not
directly attributable to loans.
Payable from purchase of marketable securities represents the Bank’s liability related to purchase of marketable securities transactions that have been subsequently settled on 3 January 2014 and 3
January 2013, respectively for the year 2013 and 2012.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2013 AND 2012
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5107 35. OTHER LIABILITIES continued
Other liabilities related to UPAS transactions represents liability to the paying bank in foreign currencies in relation to UPAS receivables from importer.
Others mostly consist of inter-office account, liabilities related to import transaction, and suspense such as settlement of cust
omer’s financial transaction such as money transfer.
36. FUND BORROWINGS
2013 2012
Rupiah: Related parties Note 55
a PT Permodalan Nasional Madani Persero 2,369
18,712 g Others
775,945 916,156
778,314 934,868
Third parties b Bank Indonesia
- 755
c Ministry of Public Housing Kemenpera 109,021
17,262 g Others
3,241,145 1,980,889
3,350,166 1,998,906
Total Rupiah 4,128,480
2,933,774 Foreign currencies:
Third parties d Direct Off-shore Loans
8,121,615 6,828,922
e Bilateral Loan 3,041,233
963,750 f Trade Financing Facilities
705,860 882,386
Total foreign currencies Note 61B.v 11,868,708
8,675,058 15,997,188
11,608,832
a PT Permodalan Nasional Madani Persero This account represents fund borrowings granted by PT Permodalan Nasional Madani Persero
to Bank Mandiri and Bank Sinar Harapan Bali BSHB. The outstanding loan balance as at 31 December 2013 and 2012 for Bank Mandiri are RpNil and Rp9,102, respectively, and for
BSHB are Rp2,369 and Rp9,610, respectively. These facilities bear interest rate at 7.00 per annum. The payment schedule of fund borrowing terms depend on the terms of the individual loan
agreement, the last in June 2013 for the Bank and for the month of June 2014 for BSHB. Bank Mandiri lent this fund to the members of Primary Cooperation Kredit Koperasi Primer kepada
Anggotanya [KKPA]. The Bank has repaid the loan on June 2013. The outstanding balance as at 31 December 2013 was from BSHB.
b Bank Indonesia This account represents credit liquidity facility obtained from Bank Indonesia BI, which was lent
to Bank Mandiri’s debtors under the Government Credit Program. The administration and monitoring of the credit facility are performed by PT Permodalan Nasional Madani Persero, a
state-owned enterprise, based on Law No. 231999 dated 17 May 1999 regarding BI, BI Regulation No. 23PBI2000 dated 1 February 2000 and BI Regulation No. 520PBI2003 dated
17 September 2003 regarding the hand-over of
Bank Indonesia’s Credit Liquidity Management in relation to Credit Program. This facility bears interest at rates ranging from 3.75 per annum and
wil be matured on various dates, the latest is at the end of 2013. This facility was already paid at the maturity date. The details of this account are as follows:
2013 2012
Small-Scale Investment Loans KIK -
755
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2013 AND 2012
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5108 36. FUND BORROWINGS continued
c Ministry of Public Housing Kemenpera This account represents a Liquidity Facility of House Financing FLPP with sharing financing of
70.00 from Ministry of Public Housing’s fund and 30.00 from Bank Mandiri’s fund, in accordance with the Memorandum of Understanding between the Ministry of Public Housing
No. 07SKBM2012 and PT Bank Mandiri Persero Tbk. No. DIR.MOU0032012 dated 15 February 2012 regarding the Amendment of Memorandum of Understanding between the
Ministry of Public Housing No. 13SKBDP2011 and PT Bank Mandiri Persero Tbk. No. DIR.MOU0152011 regarding the Funding Distribution of Liquidity Facility of House Financing
FLPP in the framework of the housing procurement through the Welfare House Ownership Loan. The agreement was followed by Operational Cooperation Agreement between Public Service
Center of House Financing Agency of the Ministry of Public Housing of the Republic of Indonesia No. 02SK.9HK.02.0422012 with PT Bank Mandiri Persero Tbk. No. DIR.PKO0102012 dated
15 February 2012 regarding the Funding Distribution of Liquidity Facility of House Financing FLPP in the framework of the housing procurement through the Welfare House Ownership Loan.
The outstanding loan balance as at 31 December 2013 and 2012 was amounted to Rp109,021 and Rp17,262. The facility bears interest at 0.50 per annum. The loan has a payment schedule
of maximum 240 months 20 years with the first installment start at the following month for fund disbursed from date of 1 until 10, and start the next two months for the fund disbursed from date
of 11 until the end of the month. The repayment principal and interest to Kemenpera will be made not later than the date of 10 for each month.
d Direct Off-shore Loans The details of direct off-shore loans are as follows:
2013 2012
Deutsche Bank AG, Singapore 3,651,000
2,891,250 Standard Chartered Bank, Singapore
3,042,500 2,409,375
Asian Development Bank - Tranche A
544,570 574,018
- Tranche B 121,380
191,819 Agence Française de Développement
762,165 762,460
8,121,615 6,828,922
Deutsche Bank AG, Singapore
2013
Interest Nominal amount
Type Arranger
Maturity Date Tenor
Rate USD
Rupiah months
per annum full amount
equivalent Standby Loan
Deutsche Bank AG, LIBOR 6 months
Singapore 23 June 2016
60 + certain margin
300,000,000 3,651,000
2012
Interest Nominal amount
Type Arranger
Maturity Date Tenor
Rate USD
Rupiah months
per annum full amount
equivalent Standby Loan
Deutsche Bank AG, LIBOR 6 months
Singapore 23 June 2016
60 + certain margin
300,000,000 2,891,250