PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2007 and 2006 Expressed in millions of Rupiah, unless otherwise stated
117
51. NET OPEN POSITION continued
The NOP by currency of Bank Mandiri as of December 31, 2007 was as follows continued:
Currency Assets
Liabilities Net Open Position
ON-BALANCE SHEET United States Dollar
48,996,492 49,949,573
953,081 Euro
997,020 904,992
92,028 Singapore Dollar
289,937 201,024
88,913 Hong Kong Dollar
239,622 102,891
136,731 Japanese Yen
171,041 134,694
36,347 Great Britain Poundsterling
123,005 12,983
110,022 Australian Dollar
110,137 29,792
80,345 Others
41,713 7,885
33,828 Total
374,867 Total Tier I and II Capital
less investments in subsidiaries Note 50 28,283,838
NOP Ratio On-Balance Sheet 1.33
NOP Ratio Aggregate 5.56
NOP Ratios based on the total capital as of November 2007 unaudited are as follows :
Total Capital November 2007 28,204,492
NOP Ratio On-Balance Sheet 1.33
NOP Ratio Aggregate 5.58
Sum of the absolute values of difference between assets and liabilities from other foreign currency
The Net Open Position by currency of Bank Mandiri as of December 31, 2006 is as follows:
Currency Assets
Liabilities Net Open Position
AGGREGATE ON OFF BALANCE SHEET United Stated Dolar
41,030,408 40,248,117
782,291 Japanese Yen
766,483 694,392
72,091 Euro
674,356 489,332
185,024 Singapore Dollar
240,952 232,290
8,662 Hong Kong Dollar
234,456 116,265
118,191 Great Britain Poundsterling
145,491 103,108
42,383 Australian Dollar
80,941 27,316
53,625 Others
28,129 6,951
28,084 Total
1,290,351 ON-BALANCE SHEET
United Stated Dollar 39,795,789
36,153,929 3,641,860
Singapore Dollar 231,935
220,868 11,067
Euro 218,275
513,025 294,750
Hong Kong Dollar 200,761
116,265 84,496
Japanese Yen 191,539
413,525 221,986
Great Britain Poundsterling 70,622
10,623 59,999
Australian Dollar 40,013
20,198 19,815
Others 23,610
6,951 16,659
Total 3,317,160
Total Tier I and II Capital less investments in subsidiaries Note 50
28,365,877 NOP Ratio On-Balance Sheet
11.69 NOP Ratio Aggregate
4.55
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2007 and 2006 Expressed in millions of Rupiah, unless otherwise stated
118
51. NET OPEN POSITION continued
NOP Ratios based on the total capital as of November 2006 unaudited are as follows :
Total Capital November 2006 28,276,345
NOP Ratio On-Balance Sheet 11.73
NOP Ratio Aggregate 4.56
Sum of the absolute values of difference between assets and liabilities from other foreign currecy.
52. NON-PERFORMING EARNING ASSETS RATIO, TOTAL ALLOWANCE FOR POSSIBLE LOSSES ON EARNING ASSETS RATIO, SMALL-SCALE LOANS RATIO AND LEGAL LENDING LIMIT
Non-performing earning assets to total earning assets Bank Mandiri only, was 4.52 and 8.25 as of December 31, 2007 and 2006, respectively. The Non-Performing Loan NPL ratio Bank Mandiri only
before being deducted by the allowance for possible losses gross basis was 7.33 and 17.08 as of December 31, 2007 and 2006, respectively Note 11A.d.
The total allowance for possible losses on earning assets provided by Bank Mandiri compared to the minimum allowance for possible losses on earning assets under the guidelines prescribed by Bank
Indonesia were 104.22 and 107.83 as of December 31, 2007 and 2006, respectively. The small-scale loans to total loans ratio was 3.31 and 4.15 as of December 31, 2007 and 2006,
respectively. Legal Lending Limit BMPK as of December 31, 2007 and 2006 did not exceed the BMPK regulation for
related parties and third parties. BMPK is calculated in accordance with Bank Indonesia Regulation - PBI No. 73PBI2005 dated January 20, 2005 as revised with PBI No. 813PBI2006 regarding Changes on
PBI No. 73PBI2005 regarding Legal Lending Limit Commercial Bank.
53. CUSTODIAL AND TRUST OPERATIONS Custodial Operations
Bank Mandiri started rendering custodial services in 1995. The operating license for custodial services was renewed and re-issued based on Bapepam Decision Letter No. KEP.01PMKstd1999 dated
October 4, 1999. Bank Mandiri’s Custodial, which is part of the Securities Services Department SSD of Bank Mandiri, provides a full range of custodial services such as:
a. Settlement and handling services for script and scriptless trading transactions. b. Safekeeping and administration of securities and other valuable assets.
c. Corporate action services related to the rights on the securities. d. Proxy services for its customers’ shareholders’ meetings and obligation holders’ meetings.
e. Generate reports and informations regarding customers’ securities kept and administrated by custody.
In order to fulfill the investors needs in investing in various securities instruments, Bank Mandiri’s Custodial facilitates by acting as:
a. General custodial which provides services for the investors in investing in the Indonesia capital market;
b. Local custodial for American Depository Receipts ADRs and Global Depository Receipts GDR which is needed by the investors in converting the companies’ shares listed in local and overseas
stock exchange dualmulti listing; c. Sub-registry services for settlement of government bonds SUN and SBIs transactions;
d. Custodial for mutual fund issued and managed by investment manager;
