PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Year Ended December 31, 2006 With Comparative Figures For 2005
Expressed in millions of Rupiah, unless otherwise stated
97
31. SHAREHOLDERS’ EQUITY continued
b. Additional Paid-In CapitalAgio continued Based on the results of a due diligence review conducted on behalf of the Government dated
December 31, 1999 and a Management Contract IMPA dated April 8, 2000, it was determined that there was an excess recapitalization amounting to Rp4,069,000. The Bank returned Rp2,657,000 of
Government Recapitalization Bonds to the Government on July 7, 2000 pursuant to the Management Contract. The balance of Rp1,412,000 was returned to the Government on April 25, 2003 as approved
by the Shareholder during its meeting on October 29, 2002 and the Minister of State-Owned Enterprises Decision Letter No. KEP-154M-MBU2002 dated October 29, 2002.
The return of the above excess recapitalization amounting to Rp1,412,000 includes issued and fully paid-up capital of Rp251,000.
On May 23, 2003, the Minister of Finance of the Republic of Indonesia issued decree “KMK-RI” No. 227KMK.022003 dated May 23, 2003, which was amended by KMK No. 420KMK.022003 dated
September 30, 2003, which provides further guidance on Government Regulations No. 52 year 1999 and No. 97 year 1999 regarding the additional Government participation in Bank Mandiri’s capital.
Matters decided under the KMK RI, among others, are as follows: a. The final Bank Mandiri recapitalization amount is Rp173,801,314,557,593 full amount;
b. Recapitalization of Rp5,000,000,000,000 full amount is converted into 5,000,000 full amount new shares issued by Bank Mandiri with a nominal value of Rp1,000,000 full amount per share;
c. The remaining recapitalization amount of Rp168,801,314,557,593 full amount is recorded as agio. Through quasi-reorganization, the Bank’s accumulated losses as of April 30, 2003 amounting to
Rp162,874,901 were eliminated against additional paid-in capitalagio. c. Premises and Equipment Revaluation Increment
The premises and equipment revaluation increment amounting to Rp3,046,936 as of December 31, 2006 and 2005, represents the revaluation increment of the premises and equipment of the Merged Banks
based on an appraisal as of July 31, 1999. This was based on the Decision Letter of the Minister of Finance No. 211KMK.032003 dated May 14, 2003, Bank Mandiri letter No. S.206MK.012003 dated
May 21, 2003 and approval of the Directorate General of Taxation, through the Head of State and Regional Offices of Corporate Tax Services Decision Letter No. KEP-01WPJ.07KP.01052003 dated
June 18, 2003.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Year Ended December 31, 2006 With Comparative Figures For 2005
Expressed in millions of Rupiah, unless otherwise stated
98
31. SHAREHOLDERS’ EQUITY continued
