PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2011 AND 2010
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5187 58. SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES
a. Integrated Banking System Agreement with Vendor
On 20 July 2001, Bank Mandiri entered into an agreement with vendor for software procurement and installation services for an integrated banking system, called eMAS Enterprise Mandiri Advanced
System, for a total contract value of USD47,535,022.70 full amount including 10 VAT. Additional agreements were also entered on 23 April 2002, 28 August 2003, 12 April 2004, 4 July 2005, 22
September 2008 and December 2009 with a contract value after VAT of USD20,467,218.20 full amount, USD462,000 full amount, USD1,014,344.21 full amount, USD44,000 full amount,
USD44,000 full amount and USD44,000 full amount, respectively. On 8 September 2008, Bank Mandiri amended the contract with Vendor regarding with CRM module with original contract dated
23 April 2002 of USD5,262,865.3 full amount, after VAT to USD1,155,000 full amount, after VAT therefore total contract value of USD65,502,719.81 full amount, after VAT. The actual payment
until 31 December 2011 amounting to USD65,489,516.88 full amount, after VAT. The estimated percentage of project completion as at 31 December 2011 was 99.98.
On 14 September 2009, the Bank entered into an agreement with vendor to enhance the eMAS feature based on Application Management Services 2008 agreement with blanket order system for a
maximum contract value of USD693,000 full amount, after VAT. Agreement with blanket order system is based on estimated actual man-days by the Vendor. On 31 December 2011, the contract
value using approximation of payments realisation is amounting to USD547,112.50 full amount and the Bank recorded fixed assets based on payment realisation amounting to USD449,350.00 full
amount. The estimated percentage of completion as at 31 December 2011 is 82.13.
On 15 January 2011, Bank Mandiri entered into an agreement to enhance eMAS feature with a vendor based on Application Management Services 2010 agreement with blanket order system for a
maximum contract value of USD1,052,722 full amount, after VAT. As at 31 December 2011, the contract value using approximation of payment realisation amounting to USD691,283.45 full amount
and the Bank recorded fixed assets based on payment realisation amounting to USD359,700.00 full amount. The estimated percentage of completion as at 31 December 2011 is 52.03.
b. Legal Matters
