PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
84
22. SECURITIES SOLD WITH AGREEMENTS TO REPURCHASE
December 31, 2004
Counter-party Commencement
Date Maturity Date
Repurchase Amount
Serial Number Deutsche Bank
05092003 10252006
1,305,000 GRB VR0010
Standard Chartered Bank 06042003
06062005 1,037,500
GRB VR0013 HSBC Bank
11032004 11032009
285,060 GRB FR0019
Standard Chartered Bank 11042004
11042009 284,062
GRB VR0017 PT Mega Finadana
12222004 01052005
1,003 Bonds
PT Mega Finadana 12102004
01102005 1,007
Bonds
2,913,632
The agreements to repurchase Government Recapitalization Bonds with Standard Chartered Bank serial numbers VR0013 and VR0017 and HSBC Bank serial number FR00019 are associated with
cross currency swap transactions with the respective counterparties. 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 were due to mature on September 11, 2005 and September 25, 2005 amounting to Rp2,000,000 with Bank Mega.
December 31, 2003 As of December 31, 2003, securities sold with agreements to repurchase were as follows:
Counter-party Commencement
Date Maturity Date
Repurchase Amount
Serial Number Deutsche Bank
05092003 10252006
1,305,000 GRB VR0010
Standard Chartered 06042003
06062005 1,037,500
GRB VR0013 Standard Chartered
11172003 01122004
32,603 GRB FR0002
Standard Chartered 11172003
01122004 9,000
GRB FR0005 Standard Chartered
11172003 01122004
4,500 GRB FR0004
Bank Mega 09112003
09112005 266,667
GRB VR0014 Bank Mega
09112003 09112005
266,667 GRB VR0015
Bank Mega 09112003
09112005 266,666
GRB VR0017 Bank Mega
09252003 09252005
400,000 GRB VR0014
Bank Mega 09252003
09252005 400,000
GRB VR0015 Bank Mega
09252003 09252005
400,000 GRB VR0017
Bank Bumiputera 12232003
01292004 17,074
FRN 4,405,677
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
85
22. SECURITIES SOLD WITH AGREEMENTS TO REPURCHASE continued
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 7 and 10.
April 30, 2003 As of April 30, 2003, securities sold with agreements to repurchase were as follows:
Counter-party Commencement
Date Marutity Date
Repurchase Amount
Serial Number Deutsche Bank
01312002 01312004
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 7 and 10.
23. ACCEPTANCES PAYABLE a. By Currency:
December 31, December 31,
April 30, 2004
2003 2003
Rupiah: Payable to other banks
Related parties -
- -
Third parties 136,480
50,407 77,142
Payable to debtors Related parties
- -
- Third parties
3,289 -
- Total Rupiah
139,769 50,407
77,142 Foreign Currency:
Payable to other banks Related parties
- -
- Third parties
5,080,959 3,200,235
2,688,977 Payable to debtors
Related parties -
- -
Third parties 20,660
14,230 25,518
Total Foreign Currency 5,101,619
3,214,465 2,714,495
5,241,388 3,264,872
2,791,637
b. By Maturity
:
December 31, December 31,
April 30, 2004
2003 2003
Rupiah: Less than 1 month
32,183 12,196
77,142 1 - 3 months
67,331 10,172
- 3 - 6 months
40,255 28,039
- 6 - 12 months
- -
- More than 12 months
- -
- 139,769
50,407 77,142