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
102
28. OTHER LIABILITIES continued
Movements of certain provisions for the year ended December 31, 2002 were as follows:
Provision Arising
Provision for Provision for
Accrued Merger Provision for
from Obligations Possible Losses
Post Employment and Reorganization Employee from
Investments on Legal Cases
Benefits Costs
Medical Benefits in Shares of Stocks
_ _
Balance at beginning of period 1,628,610 793,631 314,064 229,752 368,111
Provisionreversal during the period 519,944 119,569
192,556 229,752 257,598 Utilization during the period 272,605 - 121,508
- -
Others 284,432
- -
- -
Balance at end of period 1,591,517 674,062
- - 110,513
Includes foreign currency translation effect.
29. SUBORDINATED LOANS
a. By Currency:
December 31, April 30, December 31,
2003 2003
2002
Rupiah:
Two-Step Loans TSLs a
Nordic Investment Bank NIB 359,021
381,282 399,035
b Export-Import Bank of Japan EBJ
152,728 188,214
224,144 c
Asian Development Bank ADB 25,573
33,022 40,471
d International Bank for Reconstruction
and Development IBRD 37,508
46,577 54,888
e ASEAN Japan Development Fund Overseas
Economic Cooperation Fund AJDF-OECF 118,439
124,673 130,907
f ASEAN Japan Development Fund-Export-Import
Bank of Japan AJDF-EBJ 6,185
7,310 7,310
699,454 781,078
856,755 Bank Indonesia
930,859 1,416,859
1,578,859 Investment Fund Account RDI ex-Two-Step Loans 277,252
415,878 554,504
1,907,565 2,613,815
2,990,118
Foreign Currency:
Two-Step Loans TSLs-Kreditanstalt fur Wiederaufbau, Frankfurt KfW
92,674 91,614
88,860 Others
3,118,245 3,195,648
3,279,987 3,210,919
3,287,262 3,368,847
5,118,484 5,901,077
6,358,965
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
103
29. SUBORDINATED LOANS continued
b. By Type:
December 31, April 30, December 31,
2003 2003
2002
Two-Step Loans TSLs a
Nordic Investment Bank NIB 359,021
381,282 399,035
b Export-Import Bank of Japan EBJ
152,728 188,214
224,144 c
Asian Development Bank ADB 25,573
33,022 40,471
d International Bank for Reconstruction
and Development IBRD 37,508
46,577 54,888
e ASEAN Japan Development Fund Overseas
Economic Cooperation Fund AJDF-OECF 118,439
124,673 130,907
f ASEAN Japan Development Fund -Export-Import
Bank of Japan AJDF-EBJ 6,185
7,310 7,310
g Kreditanstalt fur Wiederaufbau, Frankfurt KfW
92,674 91,614
88,860 792,128
872,692 945,615
Bank Indonesia 930,859
1,416,859 1,578,859
Investment Fund Account RDI ex-Two-Step Loans 277,252 415,878
554,504 Others
3,118,245 3,195,648
3,279,987 5,118,484
5,901,077 6,358,965
Two-Step Loans a Nordic Investment Bank NIB
This account represents a credit facility obtained from NIB through the Government of the Republic of Indonesia, via the Ministry of Finance of the Republic of Indonesia, which re-lent the
proceeds to participating banks to finance projects in Indonesia. The details of these facilities are as follows:
Credit Facility Purpose
Repayment Period Nordic Investment Bank II
Nordic Investment Bank III
Nordic Investment Bank IV
To promote and finance high priority investments in Indonesia, primarily in the
private sector, or joint Indonesian and Nordic interests.
To promote and finance high priority investments in Indonesia, primarily in the
private sector, or joint Indonesian and Nordic interests.
To promote and finance high priority investments in Indonesia, primarily in the
private sector, or joint Indonesian and Nordic interests.
December 10, 1990 - July 15, 2005 with the 1
st
installment on January 15, 1996.
August 4, 1993 - August 15, 2008 with the 1
st
installment on February 15, 1999.
April 15, 1997 - February 28, 2017 with the 1
st
installment on August 31, 2002.
Details of outstanding credit facilities from Nordic Investment Bank are as follows:
December 31, April 30,
December 31, 2003
2003 2002
a Nordic Investment Bank II NIB II
14,759
18,448 22,138
b Nordic Investment Bank III NIB III
56,650
64,566 67,980
c Nordic Investment Bank IV NIB IV
287,612
298,268 308,917
359,021
381,282 399,035
