INTEREST INCOME Difference in Transactions of Equity Changes in Subsidiaries
42. GENERAL AND ADMINISTRATIVE EXPENSES
2009 2008 2007 Promotions 647,882 514,760 419,835 Rent 543,754 510,997 466,808 Professional fees 513,460 428,124 338,147 Depreciation and amortisation of fixed assets Note 15 446,079 573,105 583,877 Communications 412,107 379,456 376,893 Repairs and maintenance 381,447 329,311 297,788 Office supplies 271,404 197,412 179,641 Electricity, water and gas 260,475 226,337 208,762 Transportations 125,933 114,108 96,192 Goods and services provided by third parties 260,096 215,984 179,792 Others 462,256 372,090 274,048 4,324,893 3,861,684 3,421,78343. PENSION AND SEVERANCE
Under the Bank’s policy, in addition to salaries, employees are entitled to allowances and benefits, such as yearly allowance THR, pre-retirement MBT allowance, medical reimbursements, death allowance, leave allowance, functional allowance for certain levels, pension plan for permanent employees, incentives based on employee’s and the Bank’s performance, and post-employment benefits in accordance with prevailing Labor Law. Pension Plan Bank Mandiri has five pension plans in the form of Employer Pension Plans as follows: a. One defined contribution pension plan, Dana Pensiun Pemberi Kerja Program Pensiun Iuran Pasti DPPK-PPIP or Bank Mandiri Pension Plan Dana Pensiun Bank Mandiri DPBM established on 1 August 1999. The DPBM’s regulations were approved by Ministry of Finance of Republic of Indonesia through its decision letter No. KEP300KM.0171999 dated 14 July 1999 and was published in supplement of the State Gazette of the Republic of Indonesia No. 62 dated 3 August 1999 and Bank Mandiri’s Directors’ Resolution No. 004KEP.DIR1999 dated 26 April 1999 and were amended based on the Ministry of Finance of the Republic of Indonesia’s decision letter No. KEP-213KM.52005 dated 22 July 2005 and was published in the supplement of the State Gazette of the Republic of Indonesia No. 77 dated 27 September 2005 and Bank Mandiri’s Directors’ Resolution No. 068KEP.DIR2005 dated 28 June 2005.Parts
» Mandiri - Investor Relations - Audited Financials 2009 12English
» Merger Mandiri - Investor Relations - Audited Financials 2009 12English
» Recapitalisation Mandiri - Investor Relations - Audited Financials 2009 12English
» Quasi-Reorganisation Mandiri - Investor Relations - Audited Financials 2009 12English
» Divestment of Government Share Ownership
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» Basis of Preparation of the Consolidated Financial Statements
» Principles of Consolidation Mandiri - Investor Relations - Audited Financials 2009 12English
» Foreign Currency Transactions and Balances
» Transactions with Related Parties
» Placements with Bank Indonesia and Other Banks
» Marketable Securities Mandiri - Investor Relations - Audited Financials 2009 12English
» Government Bonds Mandiri - Investor Relations - Audited Financials 2009 12English
» Securities PurchasedSold under ResaleRepurchase Agreements
» Derivative Receivables and Derivative Payables
» Joint Financing Mandiri - Investor Relations - Audited Financials 2009 12English
» Acceptance Receivables and Payables
» Investments in Shares Mandiri - Investor Relations - Audited Financials 2009 12English
» Allowance for Possible Losses on Earning and Non-Earning Assets
» Fixed Assets and Leased Assets
» Other Assets Mandiri - Investor Relations - Audited Financials 2009 12English
» Obligation due Immediately Mandiri - Investor Relations - Audited Financials 2009 12English
» Marketable Securities Issued Mandiri - Investor Relations - Audited Financials 2009 12English
» CURRENT ACCOUNTS WITH OTHER BANKS
» MARKETABLE SECURITIES Fund Borrowings
» GOVERNMENT BONDS Fund Borrowings
» SECURITIES PURCHASED UNDER RESALE AGREEMENTS
» ACCEPTANCE RECEIVABLES Fund Borrowings
» INVESTMENTS IN SHARES Fund Borrowings
» FIXED ASSETS Fund Borrowings
» DEPOSITS FROM CUSTOMERS - SAVING DEPOSITS
» DEPOSITS FROM CUSTOMERS - TIME DEPOSITS
» DEPOSITS FROM OTHER BANKS - TIME DEPOSITS
» SECURITIES SOLD UNDER REPURCHASE AGREEMENTS
» ACCEPTANCE PAYABLES Fund Borrowings
» MARKETABLE SECURITIES ISSUED Fund Borrowings
» Tax expense Mandiri - Investor Relations - Audited Financials 2009 12English
» Tax expense - Current year continued
» OTHER LIABILITIES Deferred tax assets
» SUBORDINATED LOANS Deferred tax assets
» SHARE CAPITAL a. Deferred tax assets
» Authorised, Issued and Fully Paid-in Capital continued
» Additional Paid-In CapitalAgio Mandiri - Investor Relations - Audited Financials 2009 12English
» Additional Paid-In CapitalAgio continued
» Fixed Assets Revaluation Reserve
» INTEREST INCOME Difference in Transactions of Equity Changes in Subsidiaries
» INTEREST EXPENSE Difference in Transactions of Equity Changes in Subsidiaries
» ALLOWANCE FOR POSSIBLE LOSSES ON EARNING ASSETS
» ALLOWANCEREVERSAL FOR POSSIBLE LOSSES - OTHERS
» GAINSLOSSES FROM SALE OF MARKETABLE SECURITIES AND GOVERNMENT BONDS
» GENERAL AND ADMINISTRATIVE EXPENSES PENSION AND SEVERANCE
» OTHER OPERATING EXPENSES - OTHERS - NET
» COMMITMENTS AND CONTINGENCIES Difference in Transactions of Equity Changes in Subsidiaries
» Normal Banking Activities Mandiri - Investor Relations - Audited Financials 2009 12English
» Normal Banking Activities continued
» CAPITAL ADEQUACY RATIO Other Significant Transactions
» CUSTODIAL AND TRUST OPERATIONS
» CHANNELING LOANS Other Significant Transactions
» RISK MANAGEMENT Other Significant Transactions
» Liquidity Risk Management Mandiri - Investor Relations - Audited Financials 2009 12English
» Liquidity Risk Management continued
» Interest Rate Risk Management
» Interest Rate Risk Management continued
» Pricing Management Mandiri - Investor Relations - Audited Financials 2009 12English
» Market Risk Management Mandiri - Investor Relations - Audited Financials 2009 12English
» Market Risk Management continued
» Foreign Exchange Risk Management
» Operational Risk Mitigation Mandiri - Investor Relations - Audited Financials 2009 12English
» SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES a.
» Development Agreement with the Operational Risk Management ABN AMRO Bank N.V.
» Legal Matters Mandiri - Investor Relations - Audited Financials 2009 12English
» Value Added Tax VAT on Bank Sharia Mandiri Murabahah Transactions
» Long Term Fund Borrowing from the Asian Development Bank ADB
» Trade Financing with Asian Development Bank ADB
» ECONOMIC CONDITIONS Purchase of Shares Agreement of AXA Mandiri Financial Services
» GOVERNMENT GUARANTEE FOR THE OBLIGATIONS OF LOCALLY INCORPORATED BANKS
» NEW ACCOUNTING STANDARDS Purchase of Shares Agreement of AXA Mandiri Financial Services
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