PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
81
22. DEPOSITS FROM OTHER BANKS - INTER-BANK CALL MONEY continued
c. Average Interest Rates Per Annum:
June 30, 2004 June 30, 2003
April 30, 2003
Rupiah 7.05
9.56 9.45
Foreign Currency 1.21
1.25 1.22
d. As of June 30, 2004 and 2003, and April 30, 2003, the Bank has no inter-bank call money from related party banks.
23. DEPOSITS FROM OTHER BANKS - TIME DEPOSITS
a. By Currency:
June 30, 2004 June 30, 2003
April 30, 2003
Rupiah 4,045,304 12,463,718
11,827,721 Foreign
currency 1,084,589
248,592 102,740
5,129,893 12,712,310 11,930,461
b. By Period:
June 30, 2004 June 30, 2003
April 30, 2003
Rupiah: Less
than 1
month 4,026,918
10,910,976 10,379,432
3 months
14,947 1,145,057
1,250,789 6
months 360
391,755 192,975
12 months
3,079 15,930
4,525 More than 12 months
- -
- 4,045,304
12,463,718 11,827,721
Foreign currency:
Less than
1 month
689,941 53,537
53,345 3
months 356,986
167,035 17,351
6 months 37,662
28,020 32,044
12 months
- -
- More than 12 months
- -
- 1,084,589
248,592 102,740
5,129,893 12,712,310
11,930,461
Included in deposits from other banks - time deposits are unrestricted investments - mudharabah time deposits amounting to Rp38,920, Rp26,010 and Rp9,670 as of June 30, 2004 and 2003, and
April 30, 2003, respectively.
c. Average Interest Rates and Range of Profit Sharing Per Annum: Average interest rates per annum:
June 30, 2004 June 30, 2003
April 30, 2003
Rupiah 5.95
10.49 11.68
Foreign currency 0.74
2.26 2.41
Range of profit sharing per annum:
June 30, 2004 June 30, 2003
April 30, 2003
___________ __________ __________
Rupiah 6.61 - 9.01 10.34 - 11.60
10.18 - 13.12 Foreign currency
1.81 - 1.91 2.84 - 3.55
2.80 - 4.01
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
82
23. DEPOSITS FROM OTHER BANKS - TIME DEPOSITS continued
d. As of June 30, 2004 and 2003, and April 30, 2003, the Bank has no time deposits from related party banks.
e. As of June 30, 2004 and 2003, and April 30, 2003, the Bank had time deposits which were frozen and blocked as collateral for bank guarantees and loan and working capital facilities amounting to
Rp57,286, Rp Nil and Rp Nil, respectively. 24. SECURITIES SOLD WITH AGREEMENTS TO REPURCHASE
June 30, 2004
Counter-party Commencement
date Maturity date
Nominal value
Serial Number
Deutsche Bank 05092003
10252006 1,305,000
GRB VR0010 Standard Chartered Bank
06042003 06062005
1,037,500 GRB VR0013
Various 01022004
to 04202004
07022004 to
07202004 62,133
Various corporate bonds
2,404,633
The agreements to repurchase Government recapitalization bonds with Deutsche Bank series VR0010 and Standard Chartered Bank series VR0013 are associated with cross currency swap
transactions with the respective counterparties. The Bank will settle all the repurchase agreements at nominal values at maturity. There is no premium or discount on these contracts. On January 28, 2004,
Bank Mandiri made an early termination of its securities sold with agreements to repurchase which matures on September 11 and 25, 2005 amounting to Rp2,000,000 with Bank Mega.
June 30, 2003 As of June 30, 2003, securities sold with agreements to repurchase were as follows:
Counter-party Commencement
date Maturity
date Nominal value
Serial Number
Deutsche Bank 31012002
31012004 735,000
GRB FR0002 Deutsche Bank
09052003 25102006
1,305,000 GRB VR0010
Standard Chartered 04062003
06062005 1,037,500
GRB VR0013 3,077,500
The agreements to repurchase Government recapitalization bonds with Deutsche Bank series VR0010 and Standard Chartered Bank series VR0013 are associated with cross currency swap
transactions with the respective counterparties. The Bank will settle all the repurchase agreements at nominal values at maturity. There is no premium or discount on these contracts Notes 9 and 12.
As of April 30, 2003, securities sold with agreements to repurchase were as follows:
Counter-party Commencement
date Marutity
date Nominal value
Note Deutsche Bank
31012002 31012004
735,000 GRB FR0002
The Bank sold Government recapitalization bond serial number FR0002 with an agreement to repurchase, and entered into a swap transaction with Deutsche Bank Notes 9 and 12.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
83
25. ACCEPTANCES PAYABLE
