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
76
15. OTHER ASSETS
December 31, December 31,
April 30, 2004
2003 2003
Receivables 3,256,714
2,819,848 2,810,862
Accrued income 1,145,139
1,634,516 3,232,512
Others - net 3,378,047
4,065,418 3,765,374
7,779,900 8,519,782
9,808,748
Receivables Receivables from the accretion in realizable value of the zero coupon instruments and deposits
placed with foreign institutions which serve as security for certain Subordinated Undated Floating Rate Notes SUFRNs which were issued by Bank Exim and BDN, and the effective reduction in the
principal liability of the SUFRNs which were issued by Bapindo, are as follows:
December 31, December 31,
April 30, 2004
2003 2003
SUFRNs classified as subordinated loans Note 29 Bank Exim SUFRNs
1,044,563 916,219
921,772 Bapindo SUFRNs
1,084,024 914,113
893,576 2,128,587
1,830,332 1,815,348
SUFRNs classified as loan capital
BDN SUFRNs Note 30 1,128,127
989,516 995,514
3,256,714 2,819,848
2,810,862
Accrued Income Accrued income primarily comprises accrued interest receivable from placements, securities,
Government Recapitalization Bonds, loans, and accrued fees and commissions.
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
77
15. OTHER ASSETS continued
Others
December 31, December 31,
April 30, 2004
2003 2003
Rupiah: Prepaid dividends
1,207,926 1,000,000
- Prepaid expenses
338,279 257,639
289,068 Assets not in use
255,738 219,802
172,813 Inter-branch accounts - net
216,145 1,270,518
- Repossessed assets
200,040 195,271
76,174 Office supplies
53,741 55,632
64,524 Receivables from financial institutions
31,597 377,155
- Deferred charges
12,544 10,435
26,734 Loans purchased from IBRA
2,188 2,031
165,916 Interest refundable by the Government
866 25,267
25,267 Prepaid taxes
63 16,559
366,724 Receivables from customer transactions
- 16,600
50,245 Deposit made to State Treasury Note 48
- -
1,124,194 Others
2,392,562 2,134,337
1,086,123 Total Rupiah
4,711,689 5,581,246
3,447,782 Foreign Currency:
Inter-branch accounts - net 258,433
- 1,764,152
Repossessed assets -
1,267 1,305
Others 288,271
969,361 992,966
Total Foreign Currency 546,704
970,628 2,758,423
Total 5,258,393
6,551,874 6,206,205
Less: Allowance for possible losses 1,880,346
2,486,456 2,440,831
3,378,047 4,065,418
3,765,374
Prepaid dividends amounting to Rp1,207,926 and Rp1,000,000 as of December 31, 2004 and 2003, represent payments of interim dividends for the years 2004 and 2003.
Prepaid Expenses Prepaid expenses consist of payments made in advance mostly relating to rent and insurance.
Loans purchased from IBRA represent loans for which cessie agreements related to these loans are still in the process of finalization.
Prepaid Taxes Prepaid taxes as of December 31, 2004 and 2003, and April 30, 2003 are primarily comprised of
corporate income tax installments and others. The allowance for possible losses amounting to Rp1,880,346, Rp2,486,456 and Rp2,440,831 as of
December 31, 2004 and 2003, and April 30, 2003, respectively, was primarily to cover possible losses arising from inter-branch accounts and other assets. The inter-branch accounts consist of open
items among branches and Head Office. Bank Mandiri’s management is of the opinion that the provision is adequate to cover possible losses arising from inter-branch open items, and for other
assets.
