PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Six Months Ended June 30, 2006 Unaudited and 2005 Audited Expressed in millions of Rupiah, unless otherwise stated
41
7. GOVERNMENT RECAPITALIZATION BONDS continued
Significant information relating to Government Recapitalization Bonds is as follows: continued 2005
As of June 30, 2005, Government Recapitalization Bonds with a total nominal amount of Rp6,280,400 had been sold to counterparties with agreements to repurchase Note 22.
Maturiting hedge bonds in six-month period ended June 30, 2005 were replace by variable rate serial numbers VR0031 by the Government of Republic with an aggregate nominal value of Rp2,865,356.
The ownership of Government Recapitalization Bonds with an aggregate nominal value of Rp1,926,843 have been transferred to counterparty bank related with Callable Parallel Deposits Note 21 and Callable
Zero Coupon Deposits transactions. Because of significant risk and rewards of ownership of Government Recapitalization Bonds that have not been transferred to counterparty bank, the Bank still recognized
Government Recapitalization Bonds on its balance sheet.
8. OTHER RECEIVABLES - TRADE TRANSACTIONS
a. By Type, Currency, Related Parties and Third Parties:
2006 2005
Rupiah: Third
party Usance LC payable at sight
416,699 484,466
Past due LC Impor 6,282
24,209 Others
145,944 145,944 Total
Rupiah 568,925 654,619
Foreign Currency: Related Party Note 48
Usance LC payable at sight -
619 Others
33,818 73,674 33,818 74,293
Third party
Usance LC payable at sight 1,304,217
2,890,703 Past due LC impor
158,913 110,389
Others 639,221 790,124
2,102,351 3,791,216 Total Foreign Currency
2,136,169 3,865,509
Total 2,705,094 4,520,128
Less: Allowance for possible losses 886,823
1,092,292 1,818,271 3,427,836
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Six Months Ended June 30, 2006 Unaudited and 2005 Audited Expressed in millions of Rupiah, unless otherwise stated
42
8. OTHER RECEIVABLES - TRADE TRANSACTIONS continued
b. By
Collectibility:
2006 2005
Current 1,210,008 1,902,985
Special mention
479,294 700,120 Sub-standard
131,983 906,756 Doubtful
105,697 216,046 Loss
778,112 794,221 Total
2,705,094 4,520,128 Less: Allowance for possible losses
886,823 1,092,292
1,818,271 3,427,836
c. By Maturity:
2006 2005
Rupiah: Less than 1 month
279,811 247,760
1 - 3 months 123,946 230,458
3 - 6 months 165,168 176,401
Total Rupiah 568,925 654,619
Foreign Currency: Less than 1 month
1,011,002 1,420,415
1 - 3 months 565,507 1,434,111
3 - 6 months 559,660 978,717
6 - 12 months - 29,893
12 months - 2,373
Total Foreign Currency 2,136,169
3,865,509 Total
2,705,094 4,520,128
Less: Allowance for possible losses 886,823
1,092,292 1,818,271
3,427,836
d. Movements of Allowance for Possible Losses on Other Receivables - Trade Transactions:
2006 2005
Balance at beginning of period 1,101,415
884,047 Provisionreversal during the period Note 37
161,061 170,539
Others 53,531
37,706
Balance at end of period 886,823
1,092,292
Includes foreign exchange translation effect.
The minimum allowance for possible losses on other receivables - trade transactions, under the guidelines prescribed by Bank Indonesia, as of June 30, 2006 and 2005 was Rp886,823 and
Rp1,092,292 respectively.
Management believes that the allowance for possible losses on other receivables - trade transactions is adequate.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Six Months Ended June 30, 2006 Unaudited and 2005 Audited Expressed in millions of Rupiah, unless otherwise stated
43
9. SECURITIES PURCHASED WITH AGREEMENTS TO RESELL
