PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
129
40. GAINS FROM SALE OF SECURITIES AND GOVERNMENT RECAPITALIZATION BONDS
Eight-Month Four-Month
Year Ended Year Ended
Period Ended Period Ended
December 31, December 31,
December 31, April 30,
2004 2003
2003 2003
Securities 218,892
254,884 242,214
12,670 Government Recapitalization Bonds
1,365,343 1,868,554
1,556,802 311,752
1,584,235 2,123,438
1,799,016 324,422
41. GENERAL AND ADMINISTRATIVE EXPENSES
Eight-Month Four-Month
Year Ended Year Ended
Period Ended Period Ended
December 31, December 31,
December 31, April 30,
2004 2003
2003 2003
Depreciation and amortization of premises and equipment
533,559 340,993
250,124 90,869
Rent 346,168
344,068 231,793
112,275 Promotions
321,910 255,305
199,222 56,083
Repairs and maintenance 313,723
225,111 178,704
46,407 Communications
301,263 226,736
166,907 59,829
Professional fees 256,084
203,132 190,090
13,042 Public relations
198,343 184,255
152,076 32,179
Electricity, water and gas 153,664
94,701 72,508
22,193 Office supplies
117,450 100,937
81,374 19,563
Transportation 51,671
32,848 24,022
8,826 Office equipment
20,889 16,860
13,064 3,796
Research and development 8,469
9,713 9,153
560 Others
365,479 214,883
137,584 77,299
2,988,672 2,249,542
1,706,621 542,921
Professional fees include audit and tax services amounting to Rp21,227, Rp16,437 and Rp1,630 for the year ended December 31, 2004, the eight-month period ended December 31, 2003, and the four-month period ended April 30, 2003, respectively.
42. SALARIES AND EMPLOYEE BENEFITS
Eight-Month Four-Month
Year Ended Year Ended
Period Ended Period Ended
December 31, December 31,
December 31, April 30,
2004 2003
2003 2003
Salaries, wages, pension and tax allowances Note 43 1,337,272
1,133,364 748,509
384,855 Holidays THR, leave and related entitlements
302,524 256,798
183,030 73,768
Employee benefits in kind 148,397
128,716 100,474
28,242 Training and development
125,648 98,303
91,074 7,229
Provisionreversal for post-employment benefit expenses Note 28
84,837 312,609
312,609 -
Compensation expense on stock options Note 33 24,942
9,897 9,897
- Bonuses and others
378,137 350,481
231,738 118,743
2,401,757 1,664,950
1,052,113 612,837
In accordance with PSAK No. 24 Revised 2004 regarding Employee Benefits, the Bank have accrued tantiem expense in 2004.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
130
42. SALARIES AND EMPLOYEE BENEFITS continued
Total gross salaries, allowances and bonuses of the Boards of Directors and Commissioners, and Executive Officers amounted to Rp96,168, Rp54,604 and Rp17,487, for the year ended
December 31, 2004, the eight-month period ended December 31, 2003, and the four-month period ended April 30, 2003, respectively.
Details for the year ended December 31, 2004 are as follows:
Number of Members
Officers Salaries
Allowances Bonuses
Total Board of Commissioners
7 4,436
2,663 7,302
14,401 Board of Directors
9 14,919
7,752 20,750
43,421 Audit Committee
3 636
123 272
1,031 Senior Executive Vice Presidents,
Group Heads and Advisors of Directors
37 21,333
4,903 11,079
37,315
56 41,324
15,441 39,403
96,168
Details for the eight-month period ended December 31, 2003 are as follows:
Number of Members
Officers Salaries
Allowances Bonuses
Total Board of Commissioners
7 1,792
1,973 1,912
5,677 Board of Directors
9 7,252
7,221 7,779
22,252 Audit Committee
3 306
92 175
573 Senior Executive Vice Presidents,
Group Heads and Advisors of Directors
32 15,079
1,082 9,941
26,102
51 24,429
10,368 19,807
54,604
Details for the four-month period ended April 30, 2003 are as follows:
Number of Members
Officers Salaries
Allowances Bonuses
Total Board of Commissioners
4 614
110 -
724 Board of Directors
8 1,284
645 -
1,929 Audit Committee
3 153
- -
153 Senior Executive Vice Presidents,
Group Heads and Advisors of Directors
38 9,625
1,300 3,756
14,681
53 11,676
2,055 3,756
17,487