PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
85
22. SECURITIES SOLD WITH AGREEMENTS TO REPURCHASE continued
The agreements to repurchase Government Recapitalization Bonds with Deutsche Bank series VR0010 and Standard Chartered Bank series VR0013 are associated with cross currency swap
transactions with the respective counterparties. The Bank will settle all the repurchase agreements at nominal values at maturity. There is no premium or discount on these contracts Notes 7 and 10.
April 30, 2003 As of April 30, 2003, securities sold with agreements to repurchase were as follows:
Counter-party Commencement
Date Marutity Date
Repurchase Amount
Serial Number Deutsche Bank
01312002 01312004
735,000 GRB FR0002
The Bank sold Government recapitalization bond serial number FR0002 with an agreement to repurchase, and entered into a swap transaction with Deutsche Bank Notes 7 and 10.
23. ACCEPTANCES PAYABLE a. By Currency:
December 31, December 31,
April 30, 2004
2003 2003
Rupiah: Payable to other banks
Related parties -
- -
Third parties 136,480
50,407 77,142
Payable to debtors Related parties
- -
- Third parties
3,289 -
- Total Rupiah
139,769 50,407
77,142 Foreign Currency:
Payable to other banks Related parties
- -
- Third parties
5,080,959 3,200,235
2,688,977 Payable to debtors
Related parties -
- -
Third parties 20,660
14,230 25,518
Total Foreign Currency 5,101,619
3,214,465 2,714,495
5,241,388 3,264,872
2,791,637
b. By Maturity
:
December 31, December 31,
April 30, 2004
2003 2003
Rupiah: Less than 1 month
32,183 12,196
77,142 1 - 3 months
67,331 10,172
- 3 - 6 months
40,255 28,039
- 6 - 12 months
- -
- More than 12 months
- -
- 139,769
50,407 77,142
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
86
23. ACCEPTANCES PAYABLE continued
b. By Maturity: continued
December 31, December 31,
April 30, 2004
2003 2003
Foreign Currency: Less than 1 months
1,245,286 1,038,533
695,459 1 - 3 months
2,107,345 1,115,246
854,167 3 - 6 months
1,221,510 773,329
774,564 6 - 12 months
521,920 287,357
390,305 More than 12 months
5,558 -
- 5,101,619
3,214,465 2,714,495
5,241,388 3,264,872
2,791,637
24. SECURITIES ISSUED a. By Type and Currency:
December 31, December 31,
April 30, 2004
2003 2003
Rupiah Mandiri travelers’ cheques
906,572 488,613
263,244 Commercial papers
688 568
564 Syariah bonds
200,000 200,000
- 1,107,260
689,181 263,808
Foreign Currency: Floating Rate Notes FRN and Medium Term Notes MTN
2,897,856 3,635,040
3,795,520 Inter-bank call money
- -
9,977 2,897,856
3,635,040 3,805,497
Total 4,005,116
4,324,221 4,069,305
Less: Unamortized discount 11,136
11,609 15,428
3,993,980 4,312,612
4,053,877
Details of FRNs and MTN are as follows: December 31, 2004
Interest Nominal Amount
Type Maturity
Tenor Rate
US Equivalent
ISIN No Arranger
Date months Per Annum
full amount Rupiah
FRN BDN Merryll Lynch Securities,
Nov 10, 2005 120
2.32 17,000,000
157,845 XS0061292263
Hong Kong MTN
Credit Suisse First XS0167272375
Boston Europe Ltd., London, Apr 22, 2008
60 7.00
297,392,025 2,761,284
UBS Hong Kong and PT Mandiri Sekuritas
314,392,025 2,919,129
Less: Securities issued and held by Bank Mandiri and Subsidiaries 2,291,134
21,273 312,100,891
2,897,856 Less: Unamortized discount
1,199,354 11,136
310,901,537 2,886,720