PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2014 AND 2013
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5137 48. SALARIES AND EMPLOYEE BENEFITS continued
Total gross salaries and allowances, bonustantiem, long-term employment benefits of the Boards of Commissioners, Directors, Audit Committee and Risk Monitoring and Good Corporate Governance
Committee, Sharia Supervisory Board and Executive Vice President and Senior Vice President are amounting to Rp717,073 and Rp586,221 Note 55 for the years ended 31 December 2014 and 2013,
respectively as follows:
2014 Long-term
Salaries and Bonus
Employment Allowance
Tantiem Benefits
Total
The Board of Commissioners 29,609
53,981 2,459
86,049 Directors
110,995 200,259
10,835 322,089
Audit Committee and Risk Monitoring and Good Corporate Governance Committee
3,255 1,404
- 4,659
Syariah Supervisory Board 1,114
21 -
1,135 Senior Executive Vice Presidents and
Senior Vice Presidents 176,079
112,135 14,927
303,141 321,052
367,800 28,221
717,073
Effective from 9 January 2014, Execuvitve Vice Presidents changed to Senior Executive Vice Presidents as mentioned at Board of Directors’ Decree SK No. KEP.DIR122014
2013 Long-term
Salaries and Bonus
Employment Allowance
Tantiem Benefits
Total
The Board of Commissioners 29,173
52,636 1,757
83,566 Directors
111,619 169,158
11,482 292,259
Audit Committee and Risk Monitoring and Good Corporate Governance Committee
3,133 1,129
- 4,262
Sharia Supervisory Board 1,159
21 -
1,180 Executive Vice Presidents and
Senior Vice Presidents 119,644
74,614 10,696
204,954 264,728
297,558 23,935
586,221
49. GENERAL AND ADMINISTRATIVE EXPENSES
2014 2013
Professional fees 2,380,440
1,978,886 Rent
1,291,413 1,157,268
Goodsservices provided by third parties 1,116,362
829,061 Promotions
986,272 989,542
Repairs and maintenance 973,698
883,411 Depreciation of fixed assets Note 19
938,547 822,193
Communications 918,280
824,442 Electricity, water and gas
512,952 433,332
Office supplies 488,373
412,631 Transportations
339,631 294,589
Traveling expenses 247,239
212,948 Amortisation of intangible assets
217,254 131,282
Insurance expenses 70,404
75,737 Others
967,445 853,078
11,448,310 9,898,400
For the year ended 31 December 2014 and 2013, promotions expenses include the sweepstakes prize expense of third party funds amounting to Rp48,145 and Rp21,880, respectively.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2014 AND 2013
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5138 50. EMPLOYEE BENEFITS
Under the Bank’s policy, in addition to salaries, employees are entitled to allowances and benefits, such as holiday allowance THR, medical reimbursements, death allowance, leave allowance,
functional allowance for certain levels, pension plan for permanent employees, incentives based on employee’s and the Bank’s performance, and post-employment benefits in accordance with
prevailing Labor Law.
Pension Plan
Bank Mandiri has five pension plans in the form of Employer Pension Plans DPPK as follows: a.
One defined contribution pension fund, Dana Pensiun Pemberi Kerja Program Pensiun Iuran Pasti DPPK-PPIP or Bank Mandiri Pension Plan Dana Pensiun Bank Mandiri DPBM which
was established on 1 August 1999. The DPBM’s regulations were approved by the Minister of Finance of the Republic of Indonesia through its Decision Letter No. KEP300KM.0171999
dated 14 July 1999 and was published in supplement of the State Gazette of the Republic of Indonesia
No. 62
dated 3 August
1999 and
Bank Mandiri’s
Directors’ Resolution
No. 004KEP.DIR1999 dated 26 April 1999 and were amended based on the Minister of Finance of the Republic of Indonesia’s Decision Letter No. KEP-213KM.52005 dated 22 July 2005 and
was published in the supplement of the State Gazette of the Republic of Indonesia No. 77 dated 27 September 2005 and Bank Mandiri’s Directors’ Resolution No. 068KEP.DIR2005 dated
28 June 2005.
Bank Mandiri and the employees contribute 10.00 and 5.00 of the Base Pension Plan Employee Income, respectively.
The Board of Directors and the members of the Supervisory Board of the DPBM are active employees of Bank Mandiri; therefore, in substance, Bank Mandiri has control over the DPBM.
DPBM invests a part of its investment fund in Bank Mandiri time deposits and deposit on-call, of which total balance as at 31 December 2014 and 2013 were Rp374,090 and Rp97,200
respectively. The interest rates on these time deposits are given on arms-length basis.
For the years ended 31 December 2014 and 2013, the Bank has paid pension contributions amounting to Rp290,647 and Rp252,762, respectively.
b. Four defined benefit pension funds, Dana Pensiun Pemberi Kerja Program Pensiun Manfaat
Pasti DPPK-PPMP which were derived from the respective pension plans of the ex-legacy Merged Banks, namely Dana Pensiun Bank Mandiri Satu or DPBMS BBD, DPBMD BDN,
DPBMT Bank Exim and DPBME Bapindo. The regulations of the respective pension plans were approved by the Minister of Finance of the Republic of Indonesia’s through its decision
letters No. KEP-394KM.0171999, No. KEP-395KM.0171999, No. KEP-396KM.0171999 and No. KEP-397KM.0171999 all dated 15 November 1999. Based on the approval from
shareholders No. S-923M-MBU2003 dated 6 March 2003, Bank Mandiri has adjusted pension benefits for each Pension Fund. Such approval has been incorporated in each of the Pension
Fund’s Regulations Peraturan Dana Pensiun PDP which have been approved by the Minister of Finance of the Republic of Indonesia based on its decision letters No. KEP115KM.62003 for
PDP DPBMS, No. KEP116KM.62003 for PDP DPBMD, No. KEP117KM.62003 for PDP DPBMT, and No. KEP118KM.62003 for DPBME, all dated 31 March 2003.