These consolidated financial statements are originally issued in Bahasa.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
168
40. SHARE CAPITALcontinued c.
Distribution of Net Income continued
Dividends from 2014 net income amounted to Rp4,967,968 were paid on April 17, 2015 and dividends from 2013 net income amounted to Rp5,461,126 were paid on April 15, 2014. Payment
of dividends were recorded in the consolidated statement of changes in equity on the respective payment date.
The appropriated retained earnings for the year 2014 amounting Rp2,622,936 and the year 2013 amounting Rp2,348,284 is allocated to business expansion and supporting infrastructure
construction such as construction of Mandiri University, procurement of office building, procurement of ATM, non-IT capital expenditure and technology system development.
41. INTEREST INCOME AND SHARIA INCOME
Interest income and sharia income are as follow:
For the year ended December 31, 2015
2014
Interest income Loans
55,191,771 48,237,589
Government bonds 5,273,855
4,634,503 Marketable securities
1,626,369 1,652,818
Consumer financing income 1,523,637
1,118,631 Placements with Bank Indonesia and other banks
1,337,831 1,104,672
Others 1,413,196
815,051 66,366,659
57,563,264 Sharia income
Murabahah and Istishna income - net 3,832,690
3,878,231 Musyarakah income
887,760 750,937
Mudharabah income 364,450
420,136 Ijarah income - net
118,568 25,374
5,203,468 5,074,678
71,570,127 62,637,942
Included in interest income from loans is interest income recognised on the non-impaired portion of the impaired loans time value unwinding for the year ended December 31, 2015 and 2014 amounting to
Rp560,920 and Rp470,717 and fees and commissions income directly attributable to lending activities amortised using effective interest rate method for the year ended December 31, 2015 and 2014
amounting to Rp1,586,373 and Rp1,705,602.
Included in the interest income is interest income from financial assets at fair value through profit or loss amounting to Rp334,442 and Rp284,145, respectively for the years ended on December 31, 2015 and
2014.
As of December 31, 2015 and 2014 included in interest income and sharia income is income from transaction with related parties on government bonds and treasury bill amounting to Rp5,364,814 and
Rp4,681,935 respectively refer to Note 55.
These consolidated financial statements are originally issued in Bahasa.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
169
42. INTEREST EXPENSE AND SHARIA EXPENSE
Interest expense and sharia expense are incurred on the following:
For the year ended December 31, 2015
2014
Time deposits 18,487,729
16,481,206 Saving deposits
2,918,599 3,352,005
Demand deposits 1,961,379
1,562,423 Fund borrowings
1,206,241 825,948
Marketable securities issued 454,181
446,278 Subordinated loans
424,118 425,860
Others 754,777
411,798 26,207,024
23,505,518
Included in interest expense of time deposits and saving deposits is expense based on sharia principle for the years ended December 31, 2015 and 2014 amounting to Rp2,438,112 and Rp2,451,302,
respectively.
Included in interest expense and sharia expense above are interest expense from related parties transactions from fund borrowings for the years ended December 31, 2015 and 2014 amounting to
Rp3,759 and Rp59,292, respectively Note 55.
43. OTHER OPERATING INCOME - OTHERS For the year ended December 31,
2015 2014
Income from loan written-off 3,430,132
2,607,206 Income from penalty
196,154 156,921
Stamp duty income 47,275
48,237 Safety deposit box
34,954 34,979
Others 2,417,255
1,120,858 6,125,770
3,968,201 44. ALLOWANCE FOR IMPAIRMENT LOSSES
For the year ended December 31, 2015
2014
Allowancereversal for provision of impairment losses on: Current accounts with other banks Note 5d
46 6,846
Placements with other banks Note 6e 26,256
10,321 Marketable securities Note 7g
34,394 18,804
Other receivables - trade transactions Note 9d 41,428
115,522 Securities purchased under resale agreements Note 10c
41,941 41,941
Loans Note 12B.j 11,460,581
5,294,726 Consumer financing receivables Note 13c
291,624 209,113
Net investment in lease finance Note 14c 2,356
10,806 Acceptance receivables Note 15d
16,822 44,873
Investments in shares Note 16c 7,087
488
11,664,837 5,718,130
