Tax expense - Current year
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS AT 31 DECEMBER 2010, 2009 AND 2008
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5110 30. OTHER LIABILITIES
2010 2009
2008
Rupiah: Accrued employee bonus and incentives,leave and
yearly allowance THR 1,331,555
1,066,838 775,927
Provision for post employment benefits Note 44 1,178,427
1,044,505 925,002
Payable to customer 698,436
516,897 483,824
Guarantee deposits 610,024
493,899 466,130
Allowance for estimated losses arising from legal cases Note 57b
555,525 494,200
157,560 Liability to policyholders
370,400 -
- Deferred income
103,024 377,442
368,933 Provision for employees’ service - free period
benefits Note 44 56,273
973,347 794,159
Payable from purchase of marketable securities 2,165
1,912 -
Others 3,364,265
2,564,248 1,897,308
Total Rupiah 8,270,094
7,533,288 5,868,843
Foreign currencies: Guarantee deposits
809,335 537,120
440,451 Allowance for estimated losses arising from legal cases
Note 57b 19,403
20,166 18,756
Deferred income 85,872
148,856 198,791
Obligation under capital lease 74
1,008 2,248
Others 1,154,176
892,148 1,470,279
Total foreign currencies 2,068,860
1,599,298 2,130,525
10,338,954 9,132,586
7,999,368
Liability to policyholders’ as at 31 December 2010, consists of Subsidiary’s policyholders’ account balances - non unit linked, claims payable, unearned premium reserve and claims reserve amounting
to Rp248,588, Rp21,330, Rp84,706 and Rp15,776, respectively.
Deferred income represents unamortised provisioncommissions not directly attributable to loans. As at 31 December 2010, others mainly consists of accruals in relation to the Bank’s operational cost
amounting to Rp914,298 31 December 2009: Rp702,204 and 31 December 2008 Rp458,480, payment related to ATM and credit card transaction amounting to Rp365,561 31 December 2009:
Rp280,407 and 31 December 2008: Rp14,841.
Movements of allowance for estimated losses arising from legal cases for the years ended 31 December 2010, 2009 and 2008:
2010 2009
2008
Balance at beginning of year 514,366
176,316 205,742
Allowancereversal during the year Note 39 61,381
340,707 31,133
Others 819
2,657 1,707
Balance at end of year 574,928
514,366 176,316
Includes effect of foreign currency translation
Management believes that the allowance for estimated losses arising from legal cases is adequate.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS AT 31 DECEMBER 2010, 2009 AND 2008
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5111 31. SUBORDINATED LOANS
By Type and Currency:
2010 2009
2008
Rupiah: Two-Step Loans TSL
a Nordic Investment Bank NIB
138,480 159,784
181,089 b
ASEAN Japan Development Fund - Overseas Economic Cooperation Fund AJDF - OECF
32,503 45,504
58,505 c
ASEAN Japan Development Fund - Export - Import Bank of Japan AJDF - EBJ
- -
562 170,983
205,288 240,156
Bank Indonesia 2,230,259
2,319,559 2,366,859
Subordinated Bond Rupiah Bank Mandiri I 3,476,460
3,500,000 -
Total Rupiah 5,877,702
6,024,847 2,607,015
Foreign currencies: Two-Step Loans TSL
d Asian Development Bank ADB
178,870 192,221
229,635 Total foreign currencies Note 56e
178,870 192,221
229,635 6,056,572
6,217,068 2,836,650
Two-Step Loans TSL
a Nordic Investment Bank NIB This account represents a credit facility obtained from Nordic Investment Bank NIB to the
Government of the Republic of Indonesia, through the Ministry of Finance of the Republic of Indonesia, which re-lent the proceeds to participating banks to finance several projects in
Indonesia. The detail of this facility is as follows:
Credit Facility Purpose
Repayment Period
Nordic Investment Bank IV To
promote and
finance high
priority investment projects in Indonesia, primarily
in the private sector, or joint Indonesian and Nordic interests.
15 April 1997 – 28 February 2017 with the 1
st
installment on 31 August 2002.
The details of credit facilities from NIB are as follow:
2010 2009
2008 Nordic Investment Bank IV NIB IV
138,480 159,784
181,089
The interest rates on the NIB IV facility is based on variable interest rates as determined by Bank Indonesia in accordance with the prevailing average interest rates of 3 three months Certificate
of Bank Indonesia in the last six months.
b ASEAN Japan Development Fund - Overseas Economic Cooperation Fund AJDF - OECF This account represents a credit facility obtained from ASEAN Japan Development Fund -
Overseas Economic Cooperation Fund AJDF - OECF to the Government of the Republic of Indonesia, through the Ministry of Finance of the Republic of Indonesia, which re-lent the
proceeds to participating banks to finance several projects in Indonesia. The detail of this facility is as follows:
Credit Facility Purpose
Repayment Period
Pollution Abatement Equipment Program PAE
Small Scale Industry SSI To purchase equipment to prevent
pollution. To finance small-scale industry.
19 August 1993 – 19 August 2013, with 1
st
installment on 15 August 1998. 19 August 1993 – 19 August 2013, with
1
st
installment on 15 August 1998.