PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2003, April 30, 2003 and December 31, 2002 Expressed in millions of Rupiah, unless otherwise stated
30
5. CURRENT ACCOUNTS WITH OTHER BANKS
a. By Currency:
December 31, April 30, December 31,
2003 2003
2002
Rupiah 7,753
3,882 2,746
Foreign Currency: Deutsche Bank AG, Frankfurt
48,486 64,862
91,952 American Express Bank Ltd., New York
44,511 49,977
48,275 Sumitomo Mitsui Banking Corporation, Tokyo
26,479 10,485
1,470 JP Morgan Chase Bank, New York
50,186 29,915
1,658 Bank Central, Timor Leste
17,424 -
- Mizuho Bank, Singapore
16,264 -
- Bankers Trust Company, New York
12,195 -
- Bank One International Corporation, New York
9,867 -
- Union Bank of Calilfornia International, New York
9,799 -
- Australia New Zealand Banking Group Ltd., Melbourne
8,338 55,238
16,117 Atlantic Bank of New York, New York
8,115 -
- Westpac Banking Corporation, Sydney
8,115 31,867
2,934 The National Commercial Bank, Jeddah
7,477 -
- Bayerische Landesbank Girozentrale, Munich
6,055 -
- Standard Chartered Bank, New York
5,404 -
- ABN AMRO Bank NV, Amsterdam
4,256 -
- De Indosesische Overzeese Bank NV, Amsterdam
4,079 -
- The Hong Kong and Shanghai Banking
Corporation Ltd., Hong Kong 4,003
- -
Svenska Handelsbanken AB, Stockholm 3,223
- -
Commerzbank AG, Frankfurt 3,187
- -
Standard Chartered Bank, Hong Kong 2,793
- -
HSBC Bank plc., London 2,094
- -
Royal Bank of Canada, Toronto 1,939
- -
First Union Bank, New York 1,935
- -
Bank Of California, New York 1,715
15,154 26,288
Deutsche Bank AG, Jakarta 1,688
52,678 170
United Overseas Bank Limited, Singapore 1,208
11,821 1,072
Others 13,470
90,366 122,809
Total Foreign Currency 324,305
412,363 312,745
Total 332,058
416,245 315,491
Less: Allowance for possible losses 3,203
3,594 3,726
328,855 412,651 311,765
b. By Collectibility:
As of December 31, 2003, April 30, 2003 and December 31, 2002, all current accounts with other banks are classified as current.
c. By Related Party and Third Party: As of December 31, 2003, April 30, 2003 and December 31, 2002, there are no current accounts
with related party banks.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2003, April 30, 2003 and December 31, 2002 Expressed in millions of Rupiah, unless otherwise stated
31
5. CURRENT ACCOUNTS WITH OTHER BANKS continued
d. Average Interest Rates Per Annum:
December 31, April 30, December 31,
2003 2003
2002
Rupiah 0.58
1.05 2.35
Foreign currency 0.34
0.52 1.17
e. Movements of allowance for possible losses on current accounts with other banks:
For the 8-month For the 4-month
For the period ended
period ended year ended
December 31, 2003 April 30, 2003
December 31, 2002
_______________ ____________ ______________
Balance at beginning of period 3,594
3,726 2,461
Reversalprovision for the period 438
107 2,274
Others 47
239 3,539
Balance at end of period 3,203
3,594 3,726
Includes foreign currency translation effect.
Management believes that the allowance for possible losses on current accounts with other banks is adequate.
f. A current account with another bank amounting to Rp2,387, Rp2,492 and Rp2,568 as of December 31, 2003, April 30, 2003 and December 31, 2002, respectively is used as cash
collateral for a bank guarantee issued in favor of a borrower of Bank Mandiri Note 48.
6. PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS
a. By Type and Currency:
December 31, April 30, December 31,
2003 2003
2002
Rupiah: Call money:
Bank Indonesia, Jakarta 3,499,223
- 9,528,396
ABN AMRO Bank, Jakarta 100,000
- -
Bank Mega,
Jakarta 100,000
2,000 -
Rabobank International,
Jakarta -
70,000 -
Deutsche Bank AG, Jakarta -
150,000 -
NISP Bank,
Jakarta -
50,000 -
Bank Bukopin,
Jakarta 35,000
- -
Bank Multicor,
Jakarta 5,000
- -
3,739,223 272,000
9,528,396 “Fixed-term” Placements:
Others -
168 168
- 168
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