PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Six Months Ended June 30, 2006 Unaudited and 2005 Audited Expressed in millions of Rupiah, unless otherwise stated
79
25. FUND BORROWINGS continued
g Others
2006 2005
i Rupiah
DBS Bank Ltd., Jakarta 100,000
100,000 Bank
Permata 50,000 -
Bank Lippo
50,000 - HSBC, Jakarta
25,000 75,000
Bank International Indonesia, Jakarta -
50,000 Bank Panin, Jakarta
- 125,000
225,000 350,000
iiForeign Currency
ABN AMRO N.V., Jakarta -
243,813 Others
- 5,881
- 249,694
26. ESTIMATED LOSSES ON COMMITMENTS AND CONTINGENCIES
a. Commitment and contingent transactions in the normal course of Bank Mandiri activities that have credit risk are as follows:
2006 2005
Rupiah: Bank guarantees issued Note 46
3,350,376 3,409,867
Outstanding irrevocable letters of credit Note 46 687,347
585,162 Standby letters of credit Note 46
- -
4,037,723 3,995,029
Foreign Currency: Bank guarantees issued Note 46
3,937,506 4,039,456
Outstanding irrevocable letters of credit Note 46 2,935,402
4,956,035 Standby letters of credit Note 46
3,783,617 3,509,304
10,656,525 12,504,795
14,694,248 16,499,824
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Six Months Ended June 30, 2006 Unaudited and 2005 Audited Expressed in millions of Rupiah, unless otherwise stated
80
26. ESTIMATED LOSSES ON COMMITMENTS AND CONTINGENCIES continued
b. By Collectibility:
2006 2005
Current 14,108,144
10,999,423 Special mention
219,240 4,840,293
Sub-standard 54,164
512,883 Doubtful
154,406 74,610
Loss 158,294
72,615 Total
14,694,248 16,499,824
Less: Estimated losses 510,581
669,710
Commitments and Contigencies - net 14,183,667
15,830,114
c. Movements of estimated losses on commitments and contingencies:
2006 2005
Balance at beginning of period 594,084
565,898 ProvisionReversal of provision during the period
41,517 76,754
Others 41,986
27,058
Balance at end of period 510,581
669,710
includes effect of foreign currency translation.
The minimum estimated losses on commitments and contingencies, under the guidelines prescribed by Bank Indonesia, as of June 30, 2006 and 2005, were Rp388,722 and Rp541,409, respectively.
Management believes that the estimated losses on commitments and contingencies provided for is adequate.
27. TAXATION a.
Taxes payable
2006 2005
Bank Mandiri
Income Taxes:
Employee income tax - Article 21 35,415
61,479 Withholding tax - Article 42
215,339 115,632
Corporate income tax - Article 25 1,086
- Land and building tax
- 17
Others 9,379
319 261,219
177,447 Subsidiaries
23,824 29,116
285,043 206,563
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Six Months Ended June 30, 2006 Unaudited and 2005 Audited Expressed in millions of Rupiah, unless otherwise stated
81
27. TAXATION continued
