PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
171
48. SALARIES AND EMPLOYEE BENEFITS For the year ended December 31,
2015 2014
Salaries, wages, pension and tax allowances 6,890,207
6,100,140 Holidays allowance, leave and related entitlements
1,192,666 1,206,130
Employee benefits in kind 945,705
904,372 Training and education
557,580 463,904
Provision for post-employment benefit expenses 491,225
293,932 Provision of tantiem
226,952 152,273
Bonuses and others 2,072,320
1,727,280 12,376,655
10,848,031
Total gross salaries and allowances, bonus and tantiem, long-term employment benefits of the Boards of Commissioners, Directors, Audit Committee and Risk Monitoring and Good Corporate Governance
Committee, Sharia Supervisory Board and Executive Vice President and Senior Vice President are amounting to Rp857,365 and Rp717,073 Note 55 for the years ended December 31, 2015 and 2014,
respectively as follows:
For the year ended December 31, 2015
Long-term Salaries and
Bonus and employment
allowance tantiem
benefits Total
The Board of Commissioners 38,248
63,591 3,700
105,539 Directors
128,803 206,908
28,241 363,952
Audit Committee and Risk Monitoring Committee 4,364
- -
4,364 Syariah Supervisory Board
1,246 138
- 1,384
Senior Executive Vice Presidents and Senior Vice Presidents
218,186 149,276
14,664 382,126
390,847 419,913
46,605 857,365
For the year ended December 31, 2014
Long-term Salaries and
Bonus and employment
allowance tantiem
benefits Total
The Board of Commissioners 29,609
53,981 2,459
86,049 Directors
110,995 200,259
10,835 322,089
Audit Committee and Risk Monitoring and Good Corporate Governance Committee
3,255 1,404
- 4,659
Syariah Supervisory Board 1,114
21 -
1,135 Senior Executive Vice Presidents and
Senior Vice Presidents 176,079
112,135 14,927
303,141 321,052
367,800 28,221
717,073
Effective from January 9, 2014, Execuvitve Vice Presidents changed to Senior Executive Vice Presidents as mentioned at Board of Directors’ Decree SK No. KEP.DIR122014
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
172
49. GENERAL AND ADMINISTRATIVE EXPENSES For the year ended December 31,
2015 2014
Professional fees 2,750,772
2,380,440 Rent
1,627,002 1,291,413
Depreciation of fixed assets Note 18 1,187,795
938,547 Goodsservices provided by third parties
1,186,835 1,116,362
Communication 1,025,079
918,280 Repairs and maintenance
1,039,401 973,698
Promotion 982,701
986,272 Office supplies
518,344 488,373
Electricity, water and gas 527,356
512,952 Transportations
365,134 339,631
Amortisation of intangible assets 302,590
217,254 Traveling expenses
187,991 247,239
Insurance expenses 66,899
70,404 Others
1,031,952 967,445
12,799,851 11,448,310
For the year ended December 31, 2015 and 2014, promotions expenses include the sweepstakes prize expense of third party funds amounting to Rp68,648 and Rp48,145, respectively.
50. EMPLOYEE BENEFITS
Under the Bank’s policy, in addition to salaries, employees are entitled to allowances and benefits, such as holiday allowance, medical reimbursements, death allowance, leave allowance, functional
allowance for certain levels, pension plan for permanent employees, incentives based on employee’s and the Bank’s performance, and post-employment benefits in accordance with prevailing Labor Law.
Pension Plan
Bank Mandiri has five pension plans in the form of Employer Pension Plans DPPK as follows: a. One defined contribution pension fund, Dana Pensiun Pemberi Kerja Program Pensiun Iuran Pasti
DPPK-PPIP or Bank Mandiri Pension Plan Dana Pensiun Bank Mandiri DPBM which was established on August 1, 1999. The DPBM’s regulations were approved by the Minister of Finance
of the Republic of Indonesia through its Decision Letter No. KEP300KM.0171999 dated July 14, 1999 and was published in supplement of the State Gazette of the Republic of Indonesia No. 62
dated August 3, 1999 and Bank Mandiri’s Directors’ Resolution No. 004KEP.DIR1999 dated April 26, 1999 and were amended based on the Minister of Finance of the Republic of Indonesia’s
Decision Letter No. KEP-213KM.52005 dated July 22, 2005 and was published in the supplement of the State Gazette of the Republic of Indonesia No. 77 dated September 27, 2005 and Bank
Mandiri’s Directors’ Resolution No. 068KEP.DIR2005 dated June 28, 2005.
Bank Mandiri and the employees contribute 10.00 and 5.00 of the Base Pension Plan Employee Income, respectively.
The Board of Directors and the members of the Supervisory Board of the DPBM are active employees of Bank Mandiri; therefore, in substance, Bank Mandiri has control over the DPBM.
DPBM invests a part of its investment fund in Bank Mandiri time deposits and deposit on-call, of which total balance as of December 31, 2015 and 2014 were Rp198,800 and Rp374,090,
respectively. The interest rates on these time deposits are given on arms-length basis.
For the years ended December 31, 2015 and 2014, the Bank has paid pension contributions amounting to Rp331,278 and Rp290,647, respectively.
