PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2007 and 2006 Expressed in millions of Rupiah, unless otherwise stated
110
47. RELATED PARTY TRANSACTIONS continued
a. Banking Activities in the Ordinary Course of Business continued ·
Related by management or key personnel Bank Mandiri’s employees continued:
2007 2006
Current Accounts with Other Banks -
- Securities
0.01 0.02
Other Receivables - Trade transaction -
0.02 Loans
0.25 0.28
Acceptance Receivables -
- Total
0.26 0.32
2007 2006
Liabilities Demand deposits Note 16a
130,522 333,512
Savings deposits Note 17b 42,844
46,355 Time deposits Note 18f
181,309 877,911
Deposits from other banks - demand and savings deposits Note 19c -
138 Acceptance payables Note 23
- 839
Fund borrowings Note 25 280,000
350,000 Total liabilities involving related parties
634,675 1,608,755
Total consolidated liabilities 289,835,512
241,171,346
Percentage of liabilities involving related parties to total consolidated liabilities
0.22 0.67
Percentages of demand deposits, savings deposits, time deposits, deposits from other banks - demand and savings deposits, acceptance payables and fund borrowings involving related parties
compared to the total consolidated liabilities are as follows:
2007 2006
Demand deposit 0.05
0.14 Savings deposits
0.01 0.02
Time deposits 0.06
0.36 Deposits from other banks - demand and savings deposits
- -
Acceptance Payables -
- Fund Borrowings
0.10 0.15
Total 0.22
0.67
Salary, allowances and bonuses of the Boards of Commissioners and Directors and Executive Officers Note 41 for the years ended December 31, 2007 and 2006 amounted to Rp84,240 and
Rp61,242, respectively.
b. Significant transactions with the Government of the Republic of Indonesia ·
In May 1999, the Government implemented a recapitalization program for Bank Mandiri by issuing Government Bonds Notes 1c and 7.
· The Committee on Financial Sector Policy KKSK and the Minister of Finance approved and
guaranteed the issuance of standby letters of credit and conversion of loans of PT Garuda Indonesia to Mandatory Convertible Bonds.
· The Bank returned additional paid-in capital of Rp1,412,000 representing a portion of the excess
recapitalization Note 31a.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2007 and 2006 Expressed in millions of Rupiah, unless otherwise stated
111
47. RELATED PARTY TRANSACTIONS continued
b. Significant transactions with the Government of the Republic of Indonesia continued Based on the Decree of the Minister of Finance of the Republic of Indonesia No. 227KMK.022003
dated May 23, 2003 and the Decree of the Minister of State - Owned Enterprises, as the Bank’s shareholder, No. KEP-154M-MBU2002 dated October 29, 2002 the Government converted the
Recapitalization Fund amounting to Rp5,000,000 with 5,000,000 shares with nominal Rp1,000,000 full amount per share, and with the remaining recapitalization fund amounting to Rp168,801,315 recorded
as Agio. The regulation of the Government of the Republic of Indonesia No. 26 year 2003 dated May 29, 2003
approved the increase in fully issued and paid - up capital of the Bank amounting to Rp1,000,000 from capitalization of partial appropriated reserve.
48. MATURITY PROFILE
This profile as of December 31, 2007 and 2006 is based on the remaining maturity period since those dates. Historically, a significant proportion of deposits are rolled-over on maturity. Also, Government Bonds trading
and available for sale could be liquidated through sale or used as collateral in the inter-bank market should the need for liquidity arise. The Bank’s policy with regards to the maturity gap between the monetary assets
and liabilities is to determine a gap limit which is adjusted to the Bank’s and Subsidiaries ability to obtain immediate liquidity.
The maturity profile of the Bank’s assets and liabilities is as follows:
2007
No Maturity Description
Total Contract
1 mth 1 mth - 3 mth 3 mth 6 mth 6 mth 12 mth
12 mth Assets
Cash 5,909,369
- 5,909,369
- -
- -
Current accounts with Bank Indonesia
28,161,059 -
28,161,059 -
- -
- Current accounts with
other banks - net 1,387,595
- 1,387,595
- -
- -
Placements with Bank Indonesia and
other banks - net 16,833,324
- 16,791,810
449 -
41,065 -
Securities - net 27,316,553
68,650 24,630,935
504,134 448,488
113,768 1,550,578
Government Bonds 89,466,317
- 739,520
- -
9,279 88,717,518
Other receivables-trade transactions - net
2,028,542 -
675,144 799,038
554,360 -
- Securities purchased with
agreements to resell - net 3,290,853
- 2,459,851
374,616 456,386
- -
Derivative receivables - net 336,651
- 153,427
3,415 563
- 179,246
Loans - net 125,488,384
- 8,887,611
12,601,250 10,539,535
23,100,480 70,359,508
Acceptances receivable - net 4,953,481
- 1,508,123
2,055,124 1,012,096
378,138 -
Investments in shares of stock - net
124,905 124,905
- -
- -
- Premises and equipment - net
4,531,577 4,531,577
- -
- -
- Deferred tax assets - net
4,096,447 4,096,447
- -
- -
- Accrued income
1,672,638 -
- 1,672,638
- -
- Others - net
3,487,895 2,120,961
1,065,673 -
- 301,261
-
Total Assets 319,085,590
10,942,540 92,370,117
18,010,664 13,011,428
23,943,991 160,806,850
