PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2009, 2008 AND 2007
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5119 48. RELATED PARTY TRANSACTIONS continued
a. Normal Banking Activities continued
Related by ownership andor management continued:
Related Party Nature of Relationship
Nature of Transaction
PT Tunas Mobilindo Parama Owned by subsidiaries’ minority
shareholders Deposit from customers
PT Astra Graphia Tbk Owned by subsidiaries’ minority
shareholders Deposit from customers, Bank
Guarantee PT Astra International Tbk
Owned by subsidiaries’ minority shareholders
Deposit from customers, Bank Guarantee, Loans
PT Astra Sedaya Finance Owned by subsidiaries’ minority
shareholders Deposit from customers, Marketable
Securities PT Asuransi Permata Nipponkoa
Owned by subsidiaries’ minority shareholders
Deposit from customers PT Bali Securities
Owned by subsidiaries’ minority shareholders
Deposit from customers PT Bina Pertiwi
Owned by subsidiaries’ minority shareholders
Deposit from customers, Loans PT Federal International Finance
Owned by subsidiaries’ minority shareholders
Deposit from customers, Marketable Securities
PT Komatsu Remanufacturing Asia Owned by subsidiaries’ minority
shareholders Deposit from customers
PT Pamapersada Nusantara Owned by subsidiaries’ minority
shareholders Deposit from customers
PT Jardine Tangguh Transport Owned by subsidiaries’ minority
shareholders Deposit from customers
PT Sasana Artha Finance Owned by subsidiaries’ minority
shareholders Deposit from customers, Loans
PT Surya Artha Nusantara SAN Finance
Owned by subsidiaries’ minority shareholders
Deposit from customers PT Tunas Andalan Pratama
Owned by subsidiaries’ minority shareholders
Deposit from customers PT Tunas Dwipa Matra
Owned by subsidiaries’ minority shareholders
Deposit from customers, Bank Guarantee
PT Tunas Ridean Tbk Owned by subsidiaries’ minority
shareholders Deposit from customers
PT United Tractors Tbk Owned by subsidiaries’ minority
shareholders Deposit from customers, Bank
Guarantee PT Telekomunikasi Indonesia
Persero Tbk. Related by management personnel
Deposit from customers, Bank Guarantee
PT Sarana Bersama Pembiayaan Indonesia
Associate Company Investment in shares, Deposit from
customers PT Astratel Nusantara
Owned by subsidiaries’ minority shareholders
Deposit from customers PT Marga Trans Nusantara
Owned by subsidiaries’ minority shareholders
Deposit from customers, Bank Guarantee
PT United Tractors Pandu Engineering
Owned by subsidiaries’ minority shareholders
Deposit from customers PT United Tractors Semen Gresik
Owned by subsidiaries’ minority shareholders
Deposit from customers PT Bank Permata Tbk
Owned by subsidiaries’ minority shareholders
Deposit from other banks
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2009, 2008 AND 2007
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5120 48. RELATED PARTY TRANSACTIONS continued
a. Normal Banking Activities continued
Related by management or key personnel of Bank Mandiri
Salary, allowances and bonuses of the Boards of Commissioners, Directors, Audit Committee, Risk Monitoring Committee and Executive Vice President and Senior Vice President Note 41
for the years ended 31 December 2009, 2008 and 2007 amounted to Rp188,993, Rp148,875 and Rp84,976 or 0.68, 0.61 and 0.39 from consolidated operating expenses, respectively.
Shares owned by the Board of Directors from MSOP program for the years ended 31 December 2009, 2008 and 2007 amounted to 54,913,985 shares, 46,129,749 shares and
20,500,281 shares or 0.17, 0.14 and 0.06 from number of shares of authorised capital, respectively.
Details of significant transactions with related parties as at 31 December 2009, 2008 and 2007 were as follows:
2009 2008
2007 Assets
Marketable securities Note 6a 25,000
- 28,241
Loans Notes 11A.a and 11B.g 638,057
641,263 783,078
Total assets with related parties 663,057
641,263 811,319
Total consolidated assets 394,616,604
358,438,678 319,085,590
Percentage of assets involving related parties to total consolidated assets
0.17 0.18
0.2 5
The percentages of marketable securities and loans compared to the total consolidated assets are as follows:
2009 2008
2007 Assets
Marketable securities 0.01
- 0.01
Loans 0.16
0.18 0.24
Total 0.17
0.18 0.25
Liabilities Demand deposits Note 17a
254,439 115,857
130,522 Savings deposits Note 18b
96,573 43,339
42,844 Time deposits Note 19f
470,237 313,909
181,309 Deposit from other banks - Demand and saving
deposits Note 20c -
1,075 -
Marketable securities issued Note 25 -
- 30,000
Fund Borrowings Note 26 200,000
240,000 280,000
Total liabilities with related parties 1,021,249
714,180 664,675
Total consolidated liabilities 359,318,341
327,896,740 289,835,512
Percentage of liabilities involving related parties to total consolidated liabilities
0.28 0.22
0.2 3
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2009, 2008 AND 2007
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5121 48. RELATED PARTY TRANSACTIONS continued
a. Normal Banking Activities continued