These consolidated financial statements are originally issued in Indonesian language.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Year Ended December 31, 2006 With Comparative Figures For 2005
Expressed in millions of Rupiah, unless otherwise stated
41
7. GOVERNMENT RECAPITALIZATION BONDS continued
2005 continued
Available for sale
Interest Rates Maturity
Frequency of Nominal
per Annum Fair Value
Dates Interest Payment
Fixed rate bonds 1,829,634
14.00- 1,875,674
06152009- 6 months
15.58 12152013
Variable rate bonds 27,267,428
3-month SBI 26,941,969
03252006- 3 months
07252020
29,097,062 28,817,643
Held to maturity
Interest Rates Maturity
Frequency of Nominal
per Annum Dates
Interest Payment Fixed rate bonds
1,350,000 13.15
03152010 6 months
Variable rate bonds 59,744,598
3-month SBI 12252014-
3 months 07252020
61,094,598
Significant information relating to Government Recapitalization Bonds is as follows: 2006
As of December 31, 2006, Government Recapitalization Bonds with a total nominal amount of Rp1,605,954 had been sold to counterparties with agreements to repurchase Note 22.
The ownership of Government Recapitalization Bonds with an aggregate nominal value of Rp1,926,843 have been transferred to counterparty bank related with Callable Parallel Deposits Note 21 and Callable
Zero Coupon Deposits transactions. Because of significant risk and rewards of ownership of Government Recapitalization Bonds that have not been transferred to counterparty bank, the Bank still recognized
Government Recapitalization Bonds on its balance sheet.
The Bank has also entered in two Callable Zero Coupon Deposits transaction with counterparty bank related to transfer contract of Government Recapitalization Bonds. Such contract was initiated when the
Bank transferred Government Recapitalization Bonds to counterparty bank and received the fund from the proceeds in Rupiah. A portion of the total transfer proceeds amounting to Rp974,666 was placed back as
Callable Zero Coupon Deposits to the counterparty bank.
A summary of callable zero coupon deposit contract is as follows:
Effective Maturity
Beginning Ending
Effective Deposits
Date Date
Balance Balance
Interest Rate
Rupiah July 29, 2004
June 20, 2013 359,666
1,000,000 12.18
Rupiah April 8, 2005
December 20, 2013 615,000
1,514,470 10.90
These consolidated financial statements are originally issued in Indonesian language.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Year Ended December 31, 2006 With Comparative Figures For 2005
Expressed in millions of Rupiah, unless otherwise stated
42
7. GOVERNMENT RECAPITALIZATION BONDS continued
