PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004 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 Rp5,790,544 and Rp5,266,893 as of
December 31, 2005 and 2004:
2005 2004
Receivables 4,020,059
4,143,861 Musyarakah finance receivables
1,206,012 767,144
Other syariah finance receivables
564,473 355,888
5,790,544 5,266,893
Less: Allowance for possible losses 126,687
85,899 5,663,857
5,180,994
b. Average Interest Rates and Range of Profit Sharing Per Annum: Average interest rates per annum:
2005 2004
Rupiah 14.10
13.75 Foreign
Currency 8.85
8.38
Range of profit sharing per annum:
2005 2004
Receivables 13.16 - 14.08
8.80 - 24.25 Musyarakah finance receivables
13.57 - 13.95 0.00 - 15.74
Other syariah finance receivables
15.80 - 16.58 22.12 - 22.33
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 83.09 and 4.50 to 75.08 of the total syndicated loans as of December 31, 2005 and 2004, respectively.
Bank Mandiri’s total participation in syndicated loans ranged from 0.07 to 95.69 and 0.03 to 75.00, of the total syndicated loans as of December 31, 2005 and 2004, respectively.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004 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, 2005 and 2004
2005 2004
Extension of loan maturity dates 9,738,462
11,199,799 Long-term loans with options to convert debt to equity
1,568,052 1,940,924
Additional loan facilities 511,201
415,326 Extension of loan maturity dates and reduction of interest rates
2,369,978 1,988,565
Extension of loan maturity dates and other restructuring schemes 5,239,505
5,500,340 19,427,198 21,044,954
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, 2005 and 2004 amounted to Rp9,419,958 and Rp1,533,485, respectively.
g. Loans to Related Parties Note 48a Loans to related parties amounted to Rp1,245,740 and Rp952,277 as of December 31, 2005 and
2004 or 0.47 and 0.38 of total consolidated assets as of December 31, 2005 and 2004, respectively. Details of loans given to related parties are as follows:
2005 2004
Republik of Indonesia 572,775
591,899 PT Staco Estika Sedaya Finance previously PT Stacomitra Sedaya Finance
220,992 98,050
Danareksa 214,000
- PT Great River International
209,747 -
PT Bayu Beringin Lestari 10,500
15,625 PT Kertas Padalarang
6,000 6,000
PT Semen Kupang Persero -
158,541 PT Estika Sedaya Finance
- 59,211
PT Estika Jasa Kelola -
14,869 Employee
loans 11,726
8,082 1,245,740
952,277
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 2004:4 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.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004 Expressed in millions of Rupiah, unless otherwise stated
54
11. LOANS continued
