PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2013 AND 2012
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5128 40. SHARE CAPITAL continued
a. Authorised, Issued and Fully Paid Capital continued
The Limited Public Offering LPO has been approved by the Capital Market Supervisory Board and Financial Institution “Bapepam and LK” through its letter No. S-807BL2011 dated 27 January
2011, and the LPO has become effective after obtaining approval in the Extraordinary General Shareholders Meeting held on 28 January 2011.
The pre-emptive rights of 2,336,838,591 shares were traded during the period of 14 - 21 February 2011 with an exercise price of Rp5,000 full amount per share which resulted in an additional of
issued and paid-up capital amounted to Rp1,168,420.
b. Additional Paid-In CapitalShare Premium
The additional paid-in capitalagio as at 31 December 2013 and 2012 amounted to Rp17,316,192 and Rp17,195,760 are derived from Limited Public Offering and Recapitalisation Program Note 1c
and Sale
of Bank
Mandiri Shareholding
in PT
Usaha Gedung
Mandiri and
PT Bumi Daya Plaza Note 1g. As at 31 December 2013 and 2012, the share premium amount of Rp17,316,192 and Rp17,195,760 already includes the share premium from LPO Note 40a
amounted to Rp10,515,774 before deducted by expenditures related to the LPO amounted to Rp274,078. The additional share premium in 2013 amounting Rp113,817 in the consolidated
financial statements Rp273,932 in Parent Entity financial statements is generated from the transfer of share ownership of Bank Mandiri in UGM and BDP to entities under common control, which
represents the difference between selling price and book value of shares in consolidated financial statements Note 1g. The difference between selling price and book value of shares recorded as
share premium in Parent Entity and consolidated financial statements are amounted to Rp273,932 and Rp113,817, respetively.
Based on the results of a due diligence review conducted on behalf of the Government dated 31 December 1999 and Management Contract IMPA dated 8 April 2000, it was decided that there
was an excess on recapitalisation amounted to Rp4,069,000. The Bank has refunded Rp2,657,000 of Government Recapitalisation Bonds to the Government on 7 July 2000 pursuant to the
Management Contract. The remaining balance of Rp1,412,000 was refunded to the Government on 25 April 2003 based on approval from the shareholders during its meeting on 29 October 2002 and
the Ministry of State-Owned Enterprises Decision Letter No. KEP-154M-MBU2002 dated 29 October 2002.
The refund for above excess of recapitalisation amounted to Rp1,412,000 includes a portion of issued and fully paid capital of Rp251,000.
On 23 May 2003,
the Minister of Finance of the Republic of Indonesia issued Decree “KMK-RI” No. 227KMK.022003 dated 23 May 2003, which was amended by KMK-RI No. 420KMK.022003
dated 30 September 2003, which provides further guidance on Government Regulations No. 52 year 1999 and No. 97 year 1999 regarding the additional Government participation in Bank
Mandiri’s capital. The following are the matters decided under the KMK-RI:
a. The final Bank Mandiri recapitalisation amount is Rp173,801,315; b. The recapitalisation fund of Rp5,000,000 is converted into 5,000,000 new shares issued by Bank
Mandiri with a nominal value of Rp1,000,000 full amount per share; c. The remaining recapitalisation fund amount of Rp168,801,315 is recorded as share premium
within the capital structure of Bank Mandiri.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2013 AND 2012
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5129 40. SHARE CAPITAL continued
b. Additional Paid-In CapitalShare Premium continued
Through quasi- reorganisation, the Bank’s accumulated losses as at 30 April 2003 amounted to
Rp162,874,901 were eliminated against additional paid-in capitalshare premium.
c. Distribution of Net Income
Based on the Annual General Shareholders’ Meeting held on 2 April 2013 and 23 April 2012, the shareholders approved the distribution of the 2012 and 2011 net income as follows:
2012 2011
Dividends 4,651,220
2,449,209 Cooperative Development Fund Program
- 122,461
Community Development Fund Program -
367,381 4,651,220
2,939,051 Retained Earnings
Appropriated 1,503,894
- Unappropriated
9,348,953 9,306,993
15,504,067 12,246,044
Dividend per share full amount
199.33799 104.96609
Dividends from 2012 net income amounted to Rp4,651,220 were paid on 16 May 2013. Dividends from 2011 net income amounted to Rp2,449,209 were paid on 5 June 2012. Payment of dividends
were recorded in the consolidated statement of changes in equity on the respective payment date.
The appropriated retained earnings amounting Rp1,503,894 is allocated to business expansion and supporting infrastructure construction such as procurement of office building and construction
of Mandiri University. There is no funds allocated to cooperative and community development programs from net profit of
2012. The funds allocation for the Cooperative and Community Development Program generated from net profit of 2011 were paid on 31 May 2012.
41. INTEREST INCOME AND SHARIA INCOME Interest income and sharia income are as follow:
2013 2012
Interest income Loans
38,195,089 32,310,460
Government Bonds 3,483,598
3,075,008 Marketable securities
1,085,226 886,746
Placements with Bank Indonesia and other banks 846,733
730,463 Consumer financing income
919,784 654,336
Others 608,123
546,243 Total
45,138,553 38,203,256
