These consolidated financial statements are originally issued in Indonesian language.
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
109
42. PENSION AND SEVERANCE continued
Free of Service Period MBT continued Assumptions used in the actuarial report for MBT are as follows:
a. Discount rate is 10 per annum December 31, 2005: 13 per annum. b. Expected rate of annual salary increase is 10 December 31, 2005: 12 per annum.
c. Normal pension age 56 years. d. Early retirement rate is 5 from age 25 decreasing linearly at 0.25 per year up to 0 at age 45 and
thereafter. e. Mortality rate table is US 1980 Commissioners’ Standard Ordinary Table of Mortality.
f. Disability rate is 10 of mortality rate. Based on those assumptions, provision for MBT facilities for years 2006 and 2005 amounted to Rp489,650
and Rp376,340 respectively Note 28. Reconciliation of Provision for Free of Service Period facilities is as follows:
2006 2005
Current Service Cost 67,637 376,340
Interest Cost 52,397 -
Adjustment from last year tax calculation effect 30,178
- Recognition of Actuarial Gainsloss
25,884 -
Cost of free of service period
124,328 376,340
Beginning balance of provision of free of service period facilities 376,340
- Expenses during the year
124,328 376,340 Payment of benefit
11,018 - Cost of Pension benefits
489,650 376,340
43. OTHER OPERATING EXPENSES – OTHERS - NET
2006 2005
Insurance premiums on customer guarantees Note 58 401,219
422,916 Others
192,361 157,745 593,580 600,661
44. NON-OPERATING INCOMEEXPENSE - NET
2006 2005
Gain on sale of premises and equipment 16,217
16,781 Penalties
16,417 31,489 Others - net
120,286 60,012 120,086 45,304
These consolidated financial statements are originally issued in Indonesian language.
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
110
45. COMMITMENTS AND CONTINGENCIES
2006 2005 COMMITMENTS
Commitment Receivables: Unrealized spot foreign currencies bought Note 46
Third Parties
1,861,522 479,336 Total Commitment Receivables
1,861,522 479,336
Commitment Payables: Unused loan facilities granted
Third Parties
20,128,250 19,494,865 Related
Parties - 32,008
20,128,250 19,526,873 Outstanding irrevocable letters of credit Note 26
Third Parties
3,916,516 3,827,930 Related
Parties 44 11,830
3,916,560 3,839,760 Unrealized spot foreign currencies sold Note 46
Third Parties
1,860,475 478,878 1,860,475 478,878
Total Commitment Payables 25,905,285
23,845,511 Commitment Payables - Net
24,043,763 23,366,175
CONTINGENCIES
Contingent Receivables: Interest receivable on non-performing assets
6,913,744 4,205,991
Guarantees received from other banks 2,479,215
2,542,446 Others
32,741 32,904 Total Contingent Receivables
9,425,700 6,781,341
Contingent Payables: Guarantees issued in the form of:
Bank guarantees issued Note 26: Third
Parties 8,277,171
8,486,811 Related
Parties 4,579 6,342
8,281,750 8,493,153 Standby letters of credit Note 26
2,866,448 3,557,056
Others 37,645 106,227
Total Contingent Payables 11,185,843
12,156,436 Contingent Payables - Net
1,760,143 5,375,095
COMMITMENTS AND CONTINGENCIES PAYABLE – NET 25,803,906
28,741,270
These consolidated financial statements are originally issued in Indonesian language.
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
111
46. FOREIGN CURRENCY TRANSACTIONS
