PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004 Expressed in millions of Rupiah, unless otherwise stated
118
48. RELATED PARTY TRANSACTIONS continued
b. Significant transactions with the Government of the Republic of Indonesia continued • The Committee on Financial Sector Policy KKSK and the Minister of Finance approved and
guaranteed the issuance of standby letters of credit and conversion of loans of PT Garuda Indonesia to Mandatory Convertible Bonds.
• The Bank returned additional paid-in capital of Rp1,412,000 representing a portion of the excess
recapitalization Note 32b.
• Based on the Minister of Finance’s Decision Letter No. 227KMK.022003 dated May 23, 2003, and Decree of the Minister of State-Owned Enterprises, as the Bank’s shareholder, No. KEP-154M-
MBU2002 dated October 29, 2002, the Government converted recapitalization funds amounting to Rp5,000,000 into 5,000,000 shares with a nominal value of Rp1,000,000 full amount per share, and
the remaining recapitalization funds amounting to Rp168,801,315 were recorded as agio.
• Based on Government Regulation PP No. 26 dated May 29, 2003, the Government of the Republic of Indonesia converted Rp1,000,000 of appropriated retained earnings to issued and fully paid-up
capital.
49. MATURITY PROFILE
This profile as of December 31, 2005 and 2004 is based on the remaining maturity period since those dates. Historically, a significant proportion of deposits are rolled-over on maturity. Also, Government
recapitalization bonds trading and available for sale could be liquidated through sale or used as collateral in the inter-bank market should the need for liquidity arise. The Bank’s policy with regards to the maturity gap
between the monetary assets and liabilities is to determine a gap limit which is adjusted to the Bank’s ability to obtain immediate liquidity.
The maturity profile of the Bank’s assets and liabilities is as follows:
2005
No Maturity
Description Total
Contract 1 mth
1 mth - 3 mth 3 mth 6 mth 6 mth 12 mth 12 mth
Assets Cash 2,522,764
- 2,522,764
- -
- -
Current accounts with Bank
Indonesia 20,304,705
- 20,304,705
- -
- -
Current accounts with other banks - net
697,603 -
697,603 -
- -
- Placements with
Bank Indonesia and other banks - net
23,617,054 -
23,355,312 176,616
38,671 46,455
- Securities - net
10,504,269 55,530
7,488,147 355,044
232,059 261,000
2,112,489 Government Recapitalization
Bonds 92,055,964 - -
57,568 - 1,332,602
90,665,794 Other receivables-trade
transactions - net 2,724,729
- 834,141
867,759 999,742
23,087 -
Securities bought with agreements to resell - net
317,043 -
215,513 101,530
- -
- Derivative receivables - net
315,243 -
19,545 18,795
5,673 -
271,230 Loans - net
94,869,474 -
15,469,798 9,987,343
6,415,058 8,718,649
54,278,626 Acceptances receivable - net
3,890,010 -
906,352 1,757,492
1,194,869 26,901
4,396 Investments in shares of
stock - net 68,066
68,066 -
- -
- -
Premises and equipment - net 5,305,413
5,305,413 -
- -
- -
Deferred tax assets - net 2,231,402
2,231,402 -
- -
- -
Accrued income
1,852,191 1,852,191 -
- - -
- Others - net
2,107,418 238,236
107,000 -
- 631,389
1,130,793
Total Assets 263,383,348
9,750,838 71,920,880
13,322,147 8,886,072
11,040,083 148,463,328
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004 Expressed in millions of Rupiah, unless otherwise stated
119
49. MATURITY PROFILE continued
2005 continued
No Maturity
Description Total
Contract 1 mth
1 mth - 3 mth 3 mth 6 mth 6 mth 12 mth 12 mth
Liabilities Liabilities immediately payable
675,285 -
675,285 -
- -
- Demand deposits
46,410,270 -
46,410,270 -
- -
- Savings deposits
47,153,178 -
47,153,178 -
- -
- Time deposits
112,726,204 -
84,841,715 17,321,397
2,930,751 3,908,353
3,723,988 Deposits from other banks
- Demand deposits 415,841
- 415,841
- -
- -
- Inter-bank call money 838,019
- 838,019
- -
- -
- Time deposits 5,545,129
- 4,104,556
222,658 674,276
543,639 -
Securities sold with agreements to repurchase
2,046,420 -
543,443 -
- -
1,502,977 Derivative payables
189,546 -
20,194 21,027
5,771 2,391
140,163 Acceptances payable
4,319,102 -
1,091,398 1,930,249
1,265,865 27,165
4,425 Securities issued
3,983,469 -
949,015 83,693
- -
2,950,761 Fund
borrowings 4,279,631
- 508,495 462,223 420,623
1,103,936 1,784,354
Estimated losses
on commitments and
contingencies 594,084
594,084 - - -
- -
Accrued expenses 693,956
- 693,956
- -
- -
Taxes payable 272,101 - -
- - -
272,101 Other liabilities
5,619,744 5,205,407
- -
389,992 -
24,345 Subordinated loans
4,402,266 -
- -
4,562 -
4,397,704
Total Liabilitiies 240,164,245
5,799,491 188,245,365
20,041,247 5,691,840
5,585,484 14,800,818
Net Assets Liabilities 23,219,103
3,951,347 116,324,485
6,719,100 3,194,232
5,454,599 133,662,510
2004
No Maturity
Description Total
Contract 1 mth
1 mth - 3 mth 3 mth 6 mth 6 mth 12 mth 12 mth
Assets Cash 2,439,465
- 2,439,465
- -
- -
Current accounts
with Bank
Indonesia 15,986,630
- 15,986,630
- -
- -
Current accounts
with other banks - net
650,631 -
650,631 -
- -
- Placements with
Bank Indonesia and other banks – net
14,180,058 -
13,403,697 58,677
717,684 -
- Securities - net
12,504,729 295,208
9,149,299 206,490
228,344 139,015
2,486,373 Government Recapitalization
Bonds 93,081,021
- 470,472 940,943 1,411,137
1,891 90,256,578
Other receivables - trade transactions - net
1,907,648 -
348,744 734,958
815,987 7,843
116 Securities Purchased with
Agreements to Resell 703,334
- 475,200
- -
228,134 -
Derivative receivables - net 285,256
- 17,398
31,306 107,925
- 128,627
Loans - net 85,798,432
- 4,784,770
9,666,077 5,915,334
10,230,606 55,201,645
Acceptances receivable - net 5,094,102
- 1,241,876
2,113,459 1,222,348
510,913 5,506
Investments in shares of stock - net
8,849 8,849
- -
- -
- Premises and equipment - net
5,483,628 5,483,628
- -
- -
- Deferred tax assets - net
2,252,144 2,252,144
- -
- -
- Receivables
3,256,714 - - - -
3,256,714 -
Accrued income 1,145,139
- 1,145,139
- -
- -
Others - net 3,378,047
1,800,182 31,597
- 1,207,926
338,342 -
Total
Assets 248,155,827
9,840,011 50,144,918 13,751,910 11,626,685
14,713,458 148,078,845