PT BANK MANDIRI PERSERO AND SUBSIDIARIES
Notes to the Consolidated Financial Statements Continued December 31, 2002 and 2001
Expressed in millions of Rupiah, unless otherwise stated
-
84
-
29. OTHER LIABILITIES Continued
Movements of certain provisions in other liabilities in 2001 follows:
Provision for Provision for
Accrued Merger Provision for
Provision for Possible Losses Employee Service
and Reorganization Employee
Negative Equity on Legal Cases
Entitlements Costs
Medical Benefits Investments
_ _
Balance at beginning of year 1,524,908
553,851 1,653,691
229,752 1,105,061
Provisionreversal during the year 8,709
239,780 995,393
- 736,950
Utilization during the year 8,337
- 341,718
- -
Others 103,330
- 2,516
- -
Balance at end of year 1,628,610
793,631 314,064
229,752 368,111
Primarily consists of foreign currency translation.
30. SUBORDINATED LOANS
2002 2001
a. By Currency
Foreign Currency
Two-Step Loans TSLs-Kreditanstalt fur Wiederaufbau, Frankfurt KfW
88,860 97,260
Others 3,279,987
2,414,116 3,368,847
2,511,376
Rupiah
Two-Step Loans TSLs a
Nordic Investment Bank NIB 399,035
432,945 b
Export-Import Bank of Japan EBJ 224,144
295,999 c
Asian Development Bank ADB 40,471
69,996 d
International Bank for Reconstruction and Development IBRD
54,888 73,320
e ASEAN Japan Development Fund Overseas
Economic Cooperation Fund AJDF-OECF 130,907
127,828 f
ASEAN Japan Development Fund -Export-Import Bank of Japan AJDF-EBJ
7,310 8,435
856,755 1,008,523
Bank Indonesia 1,578,859
2,064,859 Investment Fund Account RDI ex-Two-Step Loans
554,504 805,443
2,990,118 3,878,825
6,358,965 6,390,201
PT BANK MANDIRI PERSERO AND SUBSIDIARIES
Notes to the Consolidated Financial Statements Continued December 31, 2002 and 2001
Expressed in millions of Rupiah, unless otherwise stated
-
85
-
30. SUBORDINATED LOANS Continued
2002 2001
b. By Type
Two-Step Loans TSLs a
Nordic Investment Bank NIB 399,035
432,945 b
Export-Import Bank of Japan EBJ 224,144
295,999 c
Asian Development Bank ADB 40,471
69,996 d
International Bank for Reconstruction and Development IBRD
54,888 73,320
e ASEAN Japan Development Fund Overseas
Economic Cooperation Fund AJDF-OECF 130,907
127,828 f
ASEAN Japan Development Fund -Export-Import Bank of Japan AJDF-EBJ
7,310 8,435
g Kreditanstalt fur Wiederaufbau, Frankfurt KfW 88,860
97,260 945,615
1,105,783 Bank Indonesia
1,578,859 2,064,859
Investment Fund Account RDI ex-Two-Step Loans 554,504
805,443 Others
3,279,987 2,414,116
6,358,965 6,390,201
Two-Step Loans a Nordic Investment Bank NIB
This account represents a credit facility obtained from NIB through the Government of the Republic of Indonesia, via the Ministry of Finance of the Republic of Indonesia, which re-lent the
proceeds to participating banks to finance projects in Indonesia. The details of these facilities are as follows:
Credit Facility Purpose
Repayment Period Nordic Investment Bank I
To promote and finance high priority investments in Indonesia, primarily in the
private sector, or joint Indonesian and Nordic interests.
March 23, 1988 - July 15, 2002 with the 1
st
installment on January 15, 1993.
Nordic Investment Bank II Nordic Investment
Bank III Nordic Investment
Bank IV To promote and finance high priority
investments in Indonesia, primarily in the private sector, or joint Indonesian and
Nordic interests. To promote and finance high priority
investments in Indonesia, primarily in the private sector, or joint Indonesian and
Nordic interests. To promote and finance high priority
investments in Indonesia, primarily in the private sector, or joint Indonesian and
Nordic interests. December 10, 1990 - July 15, 2005
with the 1
st
installment on January 15, 1996.
August 4, 1993 - August 15, 2008 with the 1
st
installment on February 15, 1999.
April 15, 1997 - February 28, 2017 with the 1
st
installment on August 31, 2002.
