PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
75
17. OTHER ASSETS
June 30, 2004 June 30, 2003
April 30, 2003
Accrued income
1,312,554 2,174,522
3,232,512 Receivables
3,228,675 2,689,225
2,810,862 Prepaid
taxes 14,264
1,496,690 366,724
Prepaid expenses
294,625 188,606
289,068 Others - net
1,852,909 1,666,279
3,109,582 6,703,027
8,215,322 9,808,748
Accrued Income Accrued income primarily comprises accrued interest receivables from placements, securities,
Government recapitalization Bonds and loans, and accrued fees and commissions.
Receivables Receivables from the accretion in realizable value of the zero coupon instruments and deposits placed
with foreign institutions which serve as security for certain Subordinated Undated Floating Rate Notes SUFRNs which were issued by Bank Exim and BDN, and the effective reduction in the principal
liability of the SUFRNs which were issued by Bapindo, are as follows:
June 30, 2004 June 30, 2003
April 30, 2003
SUFRNs classified as subordinated loans Note 31 Bank Exim SUFRNs
1,044,081 878,156
921,772 Bapindo
SUFRNs 1,056,986
862,659 893,576
2,101,067 1,740,815
1,815,348
SUFRNs classified as loan capital
BDN SUFRNs Note 32 1,127,608
948,410 995,514
3,228,675 2,689,225
2,810,862
Prepaid Taxes Prepaid taxes as of June 30, 2004 and 2003, and April 30, 2003 are primarily comprised of corporate
income tax installments. Prepaid Expenses
Prepaid expenses consist of payments made in advance mostly relating to rent and insurance.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
76
17. OTHER ASSETS continued
Others This consists of the following:
June 30, 2004 June 30, 2003
April 30, 2003
Rupiah: Assets not in use
187,886 172,877
172,813 Repossessed
assets 203,926
79,316 76,174
Office supplies
51,960 55,490
64,524 Interest refundable by the Government
25,267 25,267
25,267 Receivables from customer transactions
498,091 36,892
50,245 Deferred
charges 13,251
11,636 26,734
Loans purchased from IBRA 2,207
137,140 165,916
Deposit made to State Treasury Note 59b -
- 1,124,194
Inter-branch account - net -
2,255,423 -
Others 1,667,424
987,437 1,086,123
Total Rupiah
2,650,012 3,761,478
2,791,990 Foreign Currency:
Repossessed assets
- 1,243
1,305 Inter-branch account - net
534,171 -
1,764,152 Others
406,654 807,774
992,966 Total
foreign currency
940,825 809,017
2,758,423 Total
3,590,837 4,570,496
5,550,413 Less: Allowance for possible losses
1,737,928 2,904,216
2,440,831 1,852,909 1,666,279 3,109,582
Loans purchased from IBRA represent loans for which cessie agreements related to these loans are still in the process of finalization.
The allowance for possible losses amounting to Rp1,737,928, Rp2,904,216 and Rp2,440,831 as of June 30, 2004 and 2003, and April 30, 2003, respectively, was primarily to cover possible losses
arising from inter-branch accounts and other assets. The inter-branch accounts consisted of open items among branches and Head Office, and included certain differences in the balance of current
accounts with Bank Indonesia per Bank and per Bank Indonesia. Bank Mandiri’s management is of the opinion that the provision is adequate to cover possible losses arising from inter-branch open
items, and for other assets.
Movements of allowance for possible losses on other assets are as follows:
Six-month Six-month Two-month
Four-month Period
ended Period ended Period ended Period
ended June 30, 2004
June 30, 2003 June 30, 2003
April 30, 2003
Balance at beginning of period 2,486,456
2,191,455 2,440,831
2,191,455 Provision during the period
- 1,603
505 1,098
Others 748,528 711,158
462,880 248,278
Balance at end of period 1,737,928 2,904,216
2,904,216 2,440,831
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
77
18. DEPOSITS FROM CUSTOMERS - DEMAND DEPOSITS
