Distribution of Net Income
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS AT 31 DECEMBER 2010, 2009 AND 2008
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5123 34. MANAGEMENT STOCK OPTION PLAN continued
MSOP Stage 3 continued
Number of options exercised for the year ended 31 December 2009 amounting to 64,469,017 options Notes 33a and 33b which consist of MSOP Stage 2 and MSOP Stage 3 amounting to 86,800 options
and 64,382,217 options, respectively
Number of options exercised for the year ended 31 December 2008 amounting to 92,882,614 options Notes 33a and 33b which consist of MSOP Stage 1, MSOP Stage 2 and MSOP Stage 3 amounting to
4,835,783 options, 55,110 options and 87,991,721 options, respectively.
In relation to Bank Mandiri’s plans to undertake Rights Issue, 11,649,602 options and 3,224,264 options of MSOP Stage 3 have been exercised on 4 November 2010 and 14 December 2010, respectively. The
last period of MSOP Stage 3 execution was brought forward from 4 May 2011 to 14 December 2010. This particular change is in relation with Bank’s plan to undertake a Limited Public Offering Note 60.
As at 31 December 2010, there is no outstanding stock option.
A summary of the Management Stock Option Plan and the movements during the periods full amount:
31 December 2010
Weighted average Weighted average fair
excercise price of Number of
value of options options
options full amount
full amount Value of options
Options outstanding at beginning of the year
26,665,367 606.54
1,755.97 16,174
Options exercised during the year 26,377,937
606.15 1,747 .98
15,989 Options have been expired
287,430 642.09
2,489.09 185
Options that can be exercised at the end of the year
- -
- -
31 December 2009
Weighted average Weighted average fair
excercise price of Number of
value of options options
options full amount
full amount Value of options
Options outstanding at beginning of the year
91,134,384 597.64
1,572.36 54,465
Options exercised during the year 64,469,017
593.96 1,496.42
38,291
Options that can be exercised at the end of the year
26,665,367 606.54
1,755.97 16,174
31 December 2008
Weighted average Weighted average fair
excercise price of Number of
value of options options
options full amount
full amount Value of options
Options outstanding at beginning of the year
187,234,826 573.18
1,500.62 107,320
Options exercised during the year 92,882,614
566.63 1,456.49
52,630 Options have been expired
3,217,828 69.71
742.50 225
Options that can be exercised at the end of the year
91,134,384 597.64
1,572.36 54,465
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS AT 31 DECEMBER 2010, 2009 AND 2008
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5124 35. INTEREST INCOME
Interest income was derived from the following:
2010 2009
2008
Loans 24,814,654
21,063,743 15,958,332
Government Bonds 5,702,826
7,437,326 7,798,646
Marketable securities 2,146,955
2,198,833 1,624,862
Placements with Bank Indonesia and other banks 532,119
474,577 662,042
Consumer financing income 342,464
255,617 -
Fees and commissions -
958,705 839,750
Others 392,632
210,163 452,605
33,931,650 32,598,964
27,336,237
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 31 December 2010 amounting to
Rp515,916 and fees and commissions income directly attributable to lending activities amortised using effective interest rate method for the year ended 31 December 2010 amounting to Rp550,277.
Included in interest income from loans and others is income based on sharia principle for the years ended 31 December 2010, 2009 and 2008, amounting to Rp2,380,488, Rp1,770,270 and
Rp1,555,619 respectively as follows:
2010 2009
2008
Murabahah and Istishna income 1,366,532
940,223 824,275
Musyarakah income 442,861
336,320 260,521
Others 571,095
493,727 470,823
2,380,488 1,770,270
1,555,619