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
52
11. LOANS continued
B. Significant information related to loans: a. Included in loans are syariah finance receivables amounting to Rp7,215,491 and Rp5,790,544 as of
December 31, 2006 and 2005:
2006 2005
Receivables 4,291,887 4,020,059
Musyarakah finance receivables 1,554,196
1,206,012 Other syariah finance receivables
1,369,408 564,473
7,215,491 5,790,544 Less: Allowance for possible losses
261,133 126,687
6,954,358 5,663,857
b. Average Interest Rates and Range of Profit Sharing Per Annum: Average interest rates per annum:
2006 2005
Rupiah 15.30
14.10 Foreign
Currency 9.31
8.85
Range of profit sharing per annum:
2006 2005
Receivables 11.56 -13.46
13.16 - 14.08 Musyarakah finance receivables
11.96 -16.45 13.57 - 13.95
Other syariah finance receivables
14.70 -17.48 15.80 - 16.58
c. Loan Collateral Loans are generally collateralized by registered mortgages, powers of attorney to mortgage or sell
pledged assets, time deposits or other guarantees acceptable to Bank Mandiri. d. Government Program Loans
Government program loans consist of investment loans, permanent working capital loans and working capital loans which can be fully funded by the Government.
e. Syndicated Loans Syndicated loans represent loans provided to customers under syndication agreements with other
banks. Bank Mandiri’s share as facility agent in syndicated loans ranged from 4.50 to 73.40 and 4.50 to 83.09 of the total syndicated loans as of December 31, 2006 and 2005, respectively.
Bank Mandiri’s total participation in syndicated loans ranged from 0.07 to 95.56 and 0.07 to 95.69, of the total syndicated loans as of December 31, 2006 and 2005, respectively.
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
53
11. LOANS continued
B. Significant information related to loans: continued f. Restructured
Loans Below is the type and amount of restructured loans as of December 31, 2006 and 2005:
2006 2005
Extension of loan maturity dates 12,063,859
9,738,462 Extension of loan maturity dates and reduction of interest rates
4,483,994 2,369,978
Long-term loans with options to convert debt to equity 1,518,801
1,568,052 Additional loan facilities
319,187 511,201
Extension of loan maturity dates and other restructuring schemes 2,528,410
5,239,505 20,914,251 19,427,198
Other restructuring schemes mainly involve one or more of the following: reduction of interest rates, rescheduling of unpaid interest and extension of repayment periods for unpaid interest.
Total restructured loans under non-performing loans NPL category as of December 31, 2006 and 2005 amounted to Rp7,362,544 and Rp9,419,958, respectively.
g. Loans to Related Parties Note 47a Loans to related parties amounted to Rp750,672 and Rp1,245,740 as of December 31, 2006 and
2005 or 0.28 and 0.47 of total consolidated assets as of December 31, 2006 and 2005, respectively. Details of loans given to related parties are as follows:
2006 2005
Republic of Indonesia 533,855
572,775 PT Great River International
200,899 209,747
PT Kertas Padalarang - 6,000
PT Staco Estika Sedaya Finance previously PT Stacomitra Sedaya Finance -
220,992 Danareksa
- 214,000 PT Bayu Beringin Lestari
- 10,500
Employee loans 15,918 11,726
750,672 1,245,740
Originated from conversion of debt to equity. These are subsidiaries of the Bank’s pension fund.
The loans to Bank Mandiri employees consist of interest-bearing loans at 4 per annum which are intended for the acquisition of vehicles and houses, and are repayable within 1 one to 15 fifteen
years through monthly payroll deductions.
h. Legal Lending Limit LLL As of December 31, 2006 and 2005, Bank Mandiri had not exceeded the Legal Lending Limit as
required by Bank Indonesia Regulations. i. Bank Mandiri has several loan-channeling agreements with several international financial
institutions Note 54.
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
54
11. LOANS continued
