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
34
7. PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS continued
a. By Currency: continued
June 30, 2004 June 30, 2003
April 30, 2003
“Fixed-term” Placements: Sumitomo Mitsui Banking, Singapore
140,563 -
- HSBC Bank Plc, London
109,590 -
- Overseas Chinesse, Hongkong
93,850 -
- Bank Islam Labuan, Malaysia
93,849 -
26,027 Llyods TSB bank plc, London
91,597 -
- United Overseas Bank Limited, Singapore
84,465 -
- Den Norske Bank ASA, Oslo
- 121,128
127,144 Bank Negara Indonesia, Hong Kong
- -
52,053 Others
27,686 4,991
12,453 641,600 126,119 217,677
Time Deposits: Sumitomo Bank, Singapore
178,047 -
286,292 RZB
Bank, Singapore
168,676 -
- De Indosesische Overzeese Bank NV, Amsterdam
71,219 -
- Standard Chartered Bank, Singapore
59,514 -
59,641 OCBC,
Singapore 54,599
- -
Caylon, Singapore
51,540 -
- Bank Mega, Jakarta
- 140,000
- BNP Paribas, Hong kong
- -
86,755 Others
- 54,341
43,363 583,595 194,341
476,051 Total Foreign Currency
6,045,503 5,328,185
6,634,224 Total
11,690,126 10,380,727
7,089,877 Less: Allowance for Possible Losses
76,074 56,577
70,339 11,614,052 10,324,150
7,019,538
b. By Collectibility:
June 30, 2004 June 30, 2003
April 30, 2003
Current 11,690,126
10,380,727 7,089,709
Loss -
- 168
Total 11,690,126
10,380,727 7,089,877
Less: Allowance for Possible Losses 76,074
56,577 70,339
11,614,052 10,324,150
7,019,538
c. Bank Mandiri has no placements with related party banks. d. Average Interest Rate per Annum:
June 30, 2004 June 30, 2003
April 30, 2003
Rupiah 7.04 12.95
11.28 Foreign Currency
1.76 1.27
1.06 e. The placements with Bank Indonesia and other banks are for the periods ranging from 1 to
91 days, 1 to 90 days and 1 to 367 days for the six-month periods ended June 30, 2004 and 2003, and the four-month period ended April 30, 2003, respectively.
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
35
7. PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS continued
f. A placement amounting to RpNil, Rp121,128 and Rp127,144 as of June 30, 2004 and 2003, and April 30, 2003, respectively, is pledged as cash collateral for a bank guarantee in favor of a
borrower of Bank Mandiri. g. Movements of allowance for possible losses on placements with other banks:
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 64,849
51,317 70,339
51,317 Provisionreversal for the period
8,985 16,475
6,436 22,911
Write-offs -
168 168
- Others
2,240 11,047 7,158 3,889
Balance at end of period 76,074 56,577
56,577 70,339
Includes foreign currency translation effect.
Management believes that the allowance for possible losses on placements with other banks is adequate.
8. SECURITIES
a. By Purpose and Related and Third Parties:
June 30, 2004 June 30, 2003
April 30, 2003
Related parties
Held to
maturity 187,648
140,009 145,703
Trading 153,225
- 27,718
Available for
sale 93,850
- 87,000
434,723 140,009
260,421 Third
parties Held
to maturity
7,980,399 17,169,788 12,474,120 Trading
3,793,341 380,942
598,332 Available
for sale
1,749,802 734,062
578,254 13,523,542
18,284,792 13,650,706
Total 13,958,265
18,424,801 13,911,127
Less: Unamortized interest
22,858 87,027
83,565 Unrealized lossesgains from decreaseincrease
in value of securities 10,233
22,020 13,121
Allowance for possible losses 1,094,798
1,105,569 1,105,828
12,830,376 17,254,225
12,734,855
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
36
8. SECURITIES continued
