Lap Keu Publikasi 0917 English

CONSOLIDATED FINANCIAL STATEMENTS
PT Bank Mandiri (Persero) Tbk. & Subsidiaries
STATEMENTS OF FINANCIAL POSITION

STATEMENTS OF INCOME AND OTHER COMPREHENSIVE

As of September 30, 2017 and December 31, 2016

For the Period Ended September 30, 2017 and 2016

(In Millions of Rupiah)
INDIVIDUAL

No.

30 September 2017

DESCRIPTION

INDIVIDUAL
No.


31 December 2016 30 September 2017 31 December 2016
(Audited)
(Audited)

10.
11.
12.
13.
14.

15.
16.
17.

18.
19.
20.
21.


TOTAL ASSETS

19,439,227
110,908,251
20,058,007
432,609

21,223,106
103,914,079
19,800,517
240,870

21,026,875
121,210,670
24,223,993
444,796

22,906,775
111,261,518
25,286,905

240,870

2,701,792
105,986,038
6,956,453
4,645,819
3,635,880
11,635,107

3,425,406
96,012,792
15,936,503
3,914,691
3,746,090
14,679,621

26,035,391
108,714,004
21,234,384
4,645,819

4,485,142
11,679,179

25,052,381
98,685,007
27,708,751
3,914,691
5,054,488
14,789,244

605,885,376
6,873,063
-

592,669,270
6,583,203
-

669,987,546
14,379,428

348,144
-

649,322,953
11,855,216
255,409
-

(55,011)
(32,585,371)
(1,769,611)
3,784,029
(2,360,765)
42,479,900
(8,393,598)

(57,584)
(30,762,076)
(2,092,833)
3,502,458

(2,066,144)
42,009,451
(7,550,662)

(72,283)
(34,318,404)
(2,133,050)
4,543,228
(2,589,401)
45,349,563
(10,101,778)

(230,380)
(32,616,760)
(2,430,998)
4,213,322
(2,257,826)
44,736,920
(9,073,630)


108,754
19,815
1,890,991

146,581
19,815
718,439

108,754
20,754
1,890,991

146,814
21,414
718,439

(18,727,064)
18,812,997
(306,136)
4,077,031

34,531,629

(17,283,437)
17,360,910
(291,491)
5,435,589
26,946,346

(18,727,064)
18,812,997
(307,075)
1,789,983
4,535,691
41,485,086

(17,283,437)
17,360,910
(292,430)
834,483
5,990,101

32,534,859

940,665,212

918,181,510

1,078,703,363

1,038,706,009

176,176,809
277,213,890
225,581,013
25,485,394
887,677
4,017,258
11,635,107
10,785,745
30,889,012
1,343,498


180,559,528
273,772,515
233,617,801
9,552,251
503,650
3,353,042
14,679,621
4,975,923
32,050,986
1,517,665

184,810,250
307,715,340
268,964,170
26,163,306
887,667
4,017,258
11,679,179
17,075,488

37,613,850
1,343,498

187,052,253
302,327,614
273,120,837
9,668,280
503,667
3,353,042
14,789,244
8,953,959
36,105,018
1,517,665

22,265,765
786,281,168

19,529,778
774,112,760

21,321,241
33,220,998
914,812,245

19,602,950
28,341,757
885,336,286

16,000,000
(4,333,333)
-

16,000,000
(4,333,333)
-

16,000,000
(4,333,333)
-

16,000,000
(4,333,333)
-

17,476,308
-

17,476,308
-

17,316,192
-

17,316,192
-

8,975
1,029,421
24,796,520
90,326
(140,626)
-

45,441
(497,624)
24,796,520
90,326
(288,663)
-

167,772
669,606
(3,915)
25,140,523
8,151
325,708
-

202,363
(924,074)
25,140,523
17,658
196,567
-

-

-

(106,001)

(92,751)

2,333,333
-

2,333,333
-

2,333,333
-

2,333,333
-

82,233,488
14,889,632
154,384,044

75,375,254
13,071,188
144,068,750

88,384,506
15,069,230
160,971,772
2,919,346
163,891,118
1,078,703,363

80,790,895
13,806,565
150,453,938
2,915,785
153,369,723
1,038,706,009

LIABILITIES

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.

Demand deposits **)
Savings deposits **)
Time deposits **)
Investment fund - revenue sharing
Fund from Bank Indonesia
Fund from other banks **)
Spot and derivative liabilities
Securities sold under repurchase agreements (Repo)
Acceptances liabilities
Securities issued
Fund borrowings
Margin deposits received
Inter office liabilities
a. Operational activities conducted in Indonesia
b. Operational activities conducted outside Indonesia
14. Deferred tax liabilities
15. Liability to Unit Link Holders
16. Other liabilities
17. Investment fund - profit sharing
TOTAL LIABILITIES
EQUITY
18. Share capital
a. Authorised capital
b. Unpaid-in capital-/-  
c. Treasury stock -/19. Additional Paid-in Capital
a. Agio
b. Disagio -/c. Donated capital
d. Funds for paid-up capital
e. Others
20. Other comprehensive income
a. Adjustment arising from translation of financial statement
b. Gain (Losses) from changes of financial assets on available for sale
c. Effective cash flow hedges
d. Premises and equipment revaluation increment
e. Other comprehensive income from entity associations
f. Remeasurement from actuarial benefit program
g. Income tax related to other comprehensive income
h. Others
21. Difference arising from quasi reorganisation
22. Difference arising from restructuring value of transaction
of entities under common control
23. Other equity
24. Reserve
a. General reserve
b. Appropriated reserve ****)
25. Retained Earning
a. Previous years *)
b. Current year
TOTAL EQUITY ATTRIBUTABLE TO OWNER
26. Non controlling interest
TOTAL EQUITY
TOTAL LIABILITIES AND EQUITY

154,384,044
940,665,212

144,068,750
918,181,510

30 September 2017

OTHER COMPREHENSIVE INCOME
1. Unreclassified to profit (loss)
a. Premises and equipment revaluation increment
b. Remeasurement from actuarial benefit program
c. Other comprehensive income from entity associations
d. Others
e. Income tax related to other comprehensive income
2. Reclassified to profit (loss)
a. Adjustment arising from translation of financial statement
b. Gain (Losses) from changes of financial assets on available for sale
c. Effective cash flow hedges
d. Others
e. Income tax related to other comprehensive income
Other comprehensive income current period after income tax - net
TOTAL OTHER COMPREHENSIVE INCOME CURRENT PERIOD
Income current period atributtable to :
Parent Company
Non controlling interest
TOTAL INCOME CURRENT PERIOD
Total other comprehensive income current period atributtable to :
Parent Company
Non controlling interest
TOTAL OTHER COMPREHENSIVE INCOME CURRENT PERIOD
Total comprehensive income current period atributtable to :
Parent Company
Non controlling interest
TOTAL COMPREHENSIVE INCOME CURRENT PERIOD

*)

Accumulated losses of Rp162,874,901 million has been eliminated against additional paid-in capital/agio through quasi-reorganisation
on April 30, 2003.
**) Consolidated balance includes temporary syirkah funds from a Subsidiary.
***) Including Securities owned by Subsidiary which classified "At Cost", accordance with SFAS 110 "Accounting for Sukuk", which was effective
since January 1, 2012.
****) As of September 30, 2016, Appropriated reserve of Rp9,299,631 million has been reclassified to Retained Earning.

30 September 2016

30 September 2017

30 September 2016

59,308,417
54,101,378
5,207,039
20,469,365
18,477,439
1,991,926
38,839,052
7,782,493
6,001,536
1,780,957

56,885,233
50,872,720
6,012,513
18,228,293
16,804,349
1,423,944
38,656,940
7,550,446
5,254,810
2,295,636

40,620,009

40,952,576

17,227,159

14,415,394

133,019
1,898,765
-

97,831
1,469,596
-

792,891
208,468
9,152,260
356,999
4,684,757
37,915,889

574,044
165,042
8,266,547
185,784
3,656,550
39,405,877

-

-

-

-

12,309,693
1,650
58,621
474,239
205,435
10,287,499
662,689
13,916,063
(20,688,730)
19,931,279

124,328
15,470,444
384,065
5,959
517,944
112,289
9,808,350
730,974
12,251,524
(24,990,483)
15,962,093

4,347
(96,629)
(92,282)
19,838,997

(105)
(22,593)
(22,698)
15,939,395

(3,157,835)
(1,053,134)
15,628,028

(2,364,966)
(937,419)
12,637,010

-

25,588,987
(11,775)
(790,112)

(10,672)
2,668

25,933,025
(11,719)
(790,127)

(36,466)
2,067,306
(392,224)
1,638,616
16,528,248

(33,770)
2,555,455
(442,855)
26,865,930
38,497,486

(34,201)
2,167,544
(6,189)
(414,299)
1,704,851
17,332,879

(68,971)
2,724,755
(474,223)
27,312,740
39,949,750

14,889,632
14,889,632

11,631,556
11,631,556

15,069,230
558,798
15,628,028

12,013,201
623,809
12,637,010

1,638,616
1,638,616

26,865,930
26,865,930

1,674,806
30,045
1,704,851

27,266,818
45,922
27,312,740

38,497,486
38,497,486

16,744,036
588,843
17,332,879

39,280,019
669,731
39,949,750

TRANSFER INCOME (LOSSES) TO HEAD OFFICE

-

-

-

-

DIVIDEND

-

-

-

-

EARNING PER SHARE

-

-

322.91

514.85

(In Millions of Rupiah)
INDIVIDUAL
30 September 2017
Current

I.
1.

2.

3.

4.

5.

6.
7.

8.
9.
10.
11.

12.
II.
1.

2.

3.

4.

5.

6.
7.

8.
9.
10.
11.

12.
III.
1.

2.
3.
4.
5.
6.
7.
8.

Special Mention

RELATED PARTIES
Placements with other banks
22
a. Rupiah
1,042,254
b. Foreign currencies
Spot and derivative receivables
1,033
a. Rupiah
b. Foreign currencies
Securities
530,342
a. Rupiah
b. Foreign currencies
Securities sold with agreement to
repurchase (Repo)
a. Rupiah
b. Foreign currencies
Securities purchased with agreement to resell
(Reverse Repo)
a. Rupiah
b. Foreign currencies
2,717,233
Acceptances receivables
Loans
15,485
a. Micro, small and medium loans (UMKM)
15,485
i. Rupiah
ii. Foreign currencies
23,722,359
b. Non UMKM
13,754,801
i. Rupiah
9,967,558
ii. Foreign currencies
c. Restructured loans
i. Rupiah
ii. Foreign currencies
12,523
d. Property loans
5,981,665
Investments in shares
Temporary investment
828,093
Other Receivable
Commitments and contingencies
2,012,980
a. Rupiah
5,274,891
b. Foreign currencies
Repossessed assets
THIRD PARTIES
Placements with other banks
9,720,059
a. Rupiah
67,835,206
b. Foreign currencies
Spot and derivative receivables
409,106
a. Rupiah
22,470
b. Foreign currencies
Securities
77,122,216
a. Rupiah
37,991,725
b. Foreign currencies
Securities sold with agreement to
repurchase (Repo)
4,645,819
a. Rupiah
b. Foreign currencies
Securities purchased with
agreement to resell (Reverse Repo)
3,635,880
a. Rupiah
b. Foreign currencies
8,911,349
Acceptances receivables
Loans
a. Micro, small and medium loans (UMKM) 69,007,088
68,472,067
i. Rupiah
535,021
ii. Foreign currencies
463,105,100
b. Non UMKM
387,602,293
i. Rupiah
75,502,807
ii. Foreign currencies
22,123,705
c. Restructured loans
13,669,242
i. Rupiah
8,454,463
ii. Foreign currencies
40,846,265
d. Property loans
Investments in shares
38,779
Temporary investment
20,039,885
Other Receivable
Commitments and contingencies
154,610,911
a. Rupiah
73,096,305
b. Foreign currencies
Repossessed assets
OTHER INFORMATIONS
Value of bank's assets pledge as collateral :
a. To Bank Indonesia
b. To others
Total allowance for impairment on financial
assets to earning assets
Total required allowance for possible
losses on earning assets
Percentage of UMKM loans to total loans
Percentage of UMK loans to total loans
Percentage of UMKM debtors to total debtors
Percentage of UMK debtors to total debtors
Others
a. Chanelling of loans
b. Mudharabah Muqayyadah financing
c. Write off on earning assets
d. Recovery of write off on earning assets
e. Write off on earning assets with
elimination of right to collect

Sub Standard

30 September 2016

Doubtful

Loss

Total

Current

6.
7.
8.
9.
10.
11.

Total

22
1,301,948

-

-

-

-

-

-

-

-

-

1,033
-

14,466
-

-

-

-

-

14,466
-

-

-

-

-

530,342
-

378,875
-

-

-

-

-

378,875
-

-

-

-

-

-

-

-

-

-

-

-

22
1,042,254

-

-

-

-

2,717,233

3,279,857

-

-

-

-

3,279,857

3,795
3,795
85
-

825,227
-

5
5
-

58
58
25,191
-

15,485
15,485
23,726,217
13,758,659
9,967,558
12,608
6,832,083
828,093

1,055
1,055
19,492,978
9,505,668
9,987,310
7,629
5,024,630
311,438

1,927
1,927
225
-

723,227
-

-

25,191
-

1,055
1,055
19,494,905
9,507,595
9,987,310
7,854
5,773,048
311,438

248
-

-

-

-

2,013,228
5,274,891
-

3,018,784
4,516,107
-

333
-

-

-

-

3,019,117
4,516,107
-

-

-

-

52,031

9,720,059
67,887,237

7,502,297
51,693,886

-

-

-

47,788

7,502,297
51,741,674

-

-

-

-

409,106
22,470

530,013
711

-

-

-

-

530,013
711

-

-

-

-

77,122,216
37,991,725

74,662,822
32,576,094

-

-

-

21,590

74,662,822
32,597,684

-

-

-

-

4,645,819
-

14,182,430
-

-

-

-

-

14,182,430
-

6,525

-

-

-

3,635,880
8,917,874

661,761

-

-

-

-

661,761

8,930,699

49,386

20,236

-

613

9,000,934

5,495,592
5,484,322
11,270
21,877,961
19,219,651
2,658,310
13,011,135
10,612,958
2,398,177
3,949,477
160,170

698,830
698,008
822
4,584,938
4,583,308
1,630
4,121,915
4,121,915
205,056
8,511

1,026,255
1,026,255
2,350,900
2,225,412
125,488
2,101,327
1,975,840
125,487
211,487
483

1,823,774
1,823,774
12,173,236
10,947,163
1,226,073
8,575,617
7,731,648
843,969
798,194
1,955
246
1,081,833

78,051,539
77,504,426
547,113
504,092,135
424,577,827
79,514,308
49,933,699
38,111,603
11,822,096
46,010,479
1,955
39,025
21,290,882

66,664,710
66,371,074
293,636
427,705,200
366,538,252
61,166,948
16,841,309
11,487,378
5,353,931
38,419,562
12,880,265

6,169,050
6,067,361
101,689
19,624,691
16,273,577
3,351,114
13,204,995
10,556,974
2,648,021
3,269,565
52,594

785,779
785,779
3,834,226
3,516,146
318,080
3,423,830
3,265,195
158,635
122,840
1,341

1,021,075
1,021,075
1,413,453
1,301,620
111,833
936,722
936,722
126

3,200,495
3,200,495
10,405,826
8,016,255
2,389,571
4,911,606
3,519,198
1,392,408
580,545
1,955
135
1,214,529

77,841,109
77,445,784
395,325
462,983,396
395,645,850
67,337,546
39,318,462
29,765,467
9,552,995
42,530,156
1,955
135
14,148,855

1,273,623
327,396
-

48,297
-

14,217
-

33,100
1,264
19,815

155,980,148
73,424,965
19,815

140,457,844
58,314,669
-

694,155
366,965
-

1,223
1,974
-

6,237
-

27,200
879
19,815

141,186,659
58,684,487
19,815

-

-

34,409,993

30,125,642

25,475,969
12.88%
6.26%
53.38%
51.03%

24,035,928
13.89%
6.25%
57.14%
54.29%

306,299
7,919,820
2,538,082

337,538
6,132,509
2,049,968

-

Allowance for Impairment

Collective

Placements with other banks
52,031
Spot and derivative receivables
Securities
44,627
10,384
Securities sold with agreement to repurchase (Repo)
Securities purchased with agreement to resell
(Reverse Repo)
Acceptances receivables
144,604
40,529
Loans
23,992,368 8,593,003
Investments in shares
71,239
Temporary invesment
634
Other Receivable
1,371,703
88,871
Commitments and contingencies
188,234
25,247

General

200,060
4,176
235,960
4,396
116,286
5,558,500
5,551
388
208,680
921,665

Specific

52,031
-

Allowance for Impairment

Individual Collective

47,788
40,587
-

23,455
11,824
-

326
111,712
17,847,079 19,330,278
150,930
50,360
246
135
1,091,360 1,719,278
73,012
151,844

39,123
8,701,753
49,349
18,385

No.

TRANSACTION

Required Allowance for Possible
Losses of Earning Assets

General

164,524
5,330
231,688
-

(In Millions of Rupiah)

Specific

47,788
21,590
-

6,618
122,106
6,118
5,138,639 16,806,369
53
135,630
135
131,917 1,217,423
897,052
31,086

NOTIONAL AMOUNT

A.
1.
2.
3.

4.
5.
6.
B.
1.
2.

3.
4.
5.
C.

Exchange Rate Related
Spot
Forward
Option
a. Written
b. Purchased
Future
Swap
Others
Interest Rate Related
Forward
Option
a. Written
b. Purchased
Future
Swap
Others
Others
TOTAL

Type
Trading

Derivative Receivables & Payables
Hedging

Receivables

10,813,696
6,470,932

94,503
12,086,273

14,748
149,504

11,717
95,524

1,007
3,623,845
80,352,127
-

71,478,065
-

1,007
3,623,845
8,874,062
-

3
27,840
159,966
-

5
24,118
642,517
-

-

-

-

-

-

- 20,645,309
- 10,463,957
88,762,693 55,788,956

35,442
45,106
432,609

24,464
89,332
887,677

20,645,309
10,463,957
144,551,649

(In %)

INDIVIDUAL
RATIOS

30 September 2017

INDIVIDUAL

30 September 2016

PERFORMANCE RATIOS
1. Capital Adequacy Ratio (CAR)

22.63%

to total earning assets and non earning assets

2.30%

3. Non performing earning assets to total earning assets

2.90%

2.33%
2.93%

7. Return on Asset (ROA)

4.05%
3.74%
0.85%
2.72%

3.88%
3.69%
1.04%
2.35%

8. Return on Equity (ROE)

14.68%

13.76%

9. Net Interest Margin (NIM)

5.64%
71.85%
89.05%

6.40%
77.13%
89.90%

2. Non performing earning assets and non
performing non earning assets

4. Allowance for impairment on financial assets to

6. Net NPL

10. Operating Expenses to Operating Income
11. Loan to Deposit Ratio (LDR)

RATIOS

30 September 2017

30 September 2016

COMPLIANCE
21.98%

5. Gross NPL

No.

1. a. Percentage violation of the Legal Lending Limit
i. Related parties

0.00%

0.00%

ii. Third parties

0.00%

0.00%

i. Related parties

0.00%

0.00%

ii. Third parties

0.00%

0.00%

a. Primary reserve requirement Rupiah

6.58%

6.50%

b. Reserve requirement Foreign currencies

8.40%

8.14%

2.16%

5.70%

b. Percentage of excess of the Legal Lending Limit

2. Reserve requirement

3. Net Open Position - Overall

152,505,657
152,505,657
11,666,667
149,258,336
149,481,128
26,377,867

11,801

8.50%
0.00%
1.07%

7.89%
0.00%
1.11%

142,523,927
142,523,927
11,666,667
138,158,533
138,701,670
26,248,049

170,598

45,078

183,027

930,309
1,066,746
24,796,520
25,140,523
116,932,761 123,103,261
17,476,308
17,316,192
2,333,333
2,333,333
82,233,488
88,384,506
14,889,632
15,069,230
(221,853)
(222,792)
(2,826)
(2,826)

893,566
24,796,520
106,816,451
17,476,308
2,333,333
75,375,254
11,631,556
(542,198)
(294,270)

924,499
25,140,523
112,453,621
17,316,192
2,333,333
80,790,895
12,013,201
(543,137)
(294,270)

(2,826)

(2,826)

(9,074)

(9,074)

(219,027)
-

(219,966)
-

(285,196)
(247,928)
-

(285,196)
(248,867)
-

-

-

-

-

(219,027)
(12,288,094)
(4,077,031)
(1,423,264)
(6,762,799)
(25,000)
-

(219,966)
515,616
(8,934,962)
(4,324,958)
(117,741)
(1,522,186)
(2,945,077)
(25,000)
-

(247,928)
(9,941,285)
(3,021,633)
(1,172,411)
(5,722,241)
(25,000)
-

(248,867)
311,457
(7,612,730)
(3,290,079)
(117,741)
(1,260,456)
(2,919,454)
(25,000)
-

-

-

-

-

7,323,238

8,075,566

6,929,088

7,592,731

190,146
7,133,092
-

190,146
7,885,420
-

334,341
6,594,747
-

334,341
7,258,390
-

149,151,349

160,581,223

140,663,887

150,116,658

CONSOLIDATED

7.90%
0.00%
1.10%

CONSOLIDATED

133,734,799
133,734,799
11,666,667
132,009,417
132,551,615
25,735,164

KPMM Ratio
CET 1 Ratio (%)
Tier 1 Ratio (%)
Tier 2 Ratio (%)
KPMM Ratio (%)
CET 1 FOR BUFFER (%)
PERCENTAGE OF BUFFER MANDATORY
FILLED BY BANK(%)
Capital conservation buffer (%)
Countercyclical Buffer (%)
Capital Surcharge for Systemic Bank (%)

30 September 2017

30 September 2016

INDIVIDUAL

CONSOLIDATED

INDIVIDUAL

20.90%
20.90%
1.08%
21.98%
12.42%

20.17%
20.17%
1.07%
21.24%
11.67%

21.51%
21.51%
1.11%
22.63%
13.63%

20.63%
20.63%
1.10%
21.73%
12.73%

1.25%
0.00%
1.25%

1.25%
0.00%
1.25%

0.625%
0.00%
0.625%

0.625%
0.00%
0.625%

INDIVIDUAL
No.

DESCRIPTION

30 September 2017

I. COMMITMENT RECEIVABLES
1. Unused fund borrowings facilities
a. Rupiah
b. Foreign currencies
2. Outstanding purchase position on spot and derivative
3. Others
II. COMMITMENT PAYABLES
1. Unused loan facilities granted to customer
a. BUMN
i. Committed
- Rupiah
- Foreign currencies
ii. Uncommitted
- Rupiah
- Foreign currencies
b. Others
i. Committed
ii. Uncommitted
2. Unused loan facilities granted to other banks
a. Committed
i. Rupiah
ii. Foreign currencies
b. Uncommitted
i. Rupiah
ii. Foreign currencies
3. Outstanding irrevocable letters of credit
a. Foreign L/C
b. Local L/C
4. Outstanding sales position on spot and derivative
5. Others
III. CONTINGENT RECEIVABLES
1. Guarantees received
a. Rupiah
b. Foreign currencies
2. Unrecognized interest income
a. Interest loan
b. Others interest
3. Others
IV. CONTINGENT PAYABLES
1. Guarantees issued
a. Rupiah
b. Foreign currencies
2. Others

CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from interest income
Receipts from sharia income
Receipts from fees, commissions
and premium - net
Payments of interest expense
Payments of sharia expenses
Receipts from the sale of Government
Bonds - Fair value through profit or loss
Acquisition of Government Bonds - Fair
value through profit or loss
Foreign exchange (losses)/gain - net
Other operating income - others
Other operating expenses - others
Salaries and employee benefits
General and administrative expenses
Non operating expenses - net
Payment of corporate income tax
Cash Flow From Operating Activities Before
Changes in Operating Assets and Liabilities
Decrease/(increase) in operating assets:
Placements with Bank Indonesia and other banks
Marketable securities - Fair value through profit or loss
Other receivables - trade transactions
Loans
Sharia financing
Securities purchased under resale agreements
Consumer financing receivable
Net investment in lease financing
Prepaid taxes
Prepaid expense
Other assets
Proceeds from collection of financial
assets already written - off
Increase/(decrease) in operating liabilities
and temporary syirkah funds:
Conventional Banking
Demand deposits
Saving deposits
Time deposits
Inter-bank call money
Obligation due immediately
Liability to unit - linked policyholders
Other taxes payable
Other liabilities
Sharia Banking - Temporary Syirkah Funds
Demand deposit - restricted investment and
demand deposit - mudharabah musytarakah
Saving deposit - restricted investment and mudharabah
saving deposit - unrestricted investment
Mudharabah time deposit - unrestricted investment
Net cash provided by operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Increase in marketable securities - other than at
fair value through profit or loss
Decrease in Government Bonds - other than
at fair value through profit or loss
Proceeds from sale of fixed assets
Acquisition of fixed assets
Acquisition of intangible assets
Net cash provided by investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Increase of investment in Subsidiaries
Increase in marketable securities issued
Increase/(decrease) in fund borrowings
Decrease of Subordinated Loans
Increase in securities sold under repurchase agreements
Payments of dividend
Net cash provided by financing activities
NET INCREASE IN CASH AND CASH EQUIVALENTS
EFFECT OF EXCHANGE RATE CHANGES ON
CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD
CASH AND CASH EQUIVALENTS AT END OF PERIOD
Cash and cash equivalents at end of period consist of :
Cash
Current accounts with Bank Indonesia
Current accounts with other banks
Placements with Bank Indonesia and other banks
Certificate of Bank Indonesia

2,081,550
-

CONSOLIDATED

31 December 2016
(Audited)

30 September 2017

517,108
-

2,081,550
-

31 December 2016
(Audited)

517,108
-

5,517,257
5,500,729

4,957,430
1,017,119

5,517,257
5,500,729

4,957,430
1,017,119

19,384,681
2,486,954

22,483,005
3,184,070

19,384,681
2,486,954

22,483,005
3,184,070

21,346,128
82,332,325

20,887,034
66,946,874

21,346,128
83,174,388

20,887,137
67,856,900

31,175
-

35,685
-

31,175
-

35,685
-

2,000
-

-

2,000
-

-

11,967,019
4,335,114
960,800
-

8,944,724
3,143,078
880,595
-

11,990,030
4,365,235
1,049,771
-

8,952,789
3,143,877
880,595
-

1,700,036
13,165,887

1,766,173
15,780,336

1,700,036
13,357,560

1,766,173
15,975,471

7,687,541
51,998
32,729

6,397,668
51,949
32,729

7,700,889
323,088
32,729

6,411,985
381,171
32,729

43,627,920
40,161,930
551,904

43,881,089
42,882,472
492,556

43,695,655
40,807,151
551,904

43,939,477
43,491,367
907,215

NOTES
(In millions of Rupiah)
CONSOLIDATED
30 September 2016

52,133,683
4,702,898

50,990,939
4,017,446

10,901,290
(18,094,966)
(1,862,325)

10,533,571
(16,222,978)
(1,709,270)

39,297,210

39,950,597

(39,058,230)
(15,671)
1,773,140
(4,004,938)
(10,704,649)
(9,671,780)
(96,629)
(3,804,040)

(39,985,693)
7,616,866
1,356,862
(3,373,223)
(10,240,309)
(9,144,736)
(22,698)
(3,271,302)

21,494,993

30,496,072

(1,612,105)
107,077
(5,957,357)
(25,383,944)
(4,985,118)
569,346
(2,963,004)
(957,300)
(386,405)
(533,929)
(2,873,703)

916,914
(5,128,950)
731,812
(31,580,573)
(3,096,830)
(1,449,777)
(2,290,170)
(121,193)
1,652,002
(724,079)
(680,726)

2,913,519

2,325,060

(2,859,078)
4,518,552
10,029,276
1,018,335
420,272
1,718,291
373,287
6,322,014

(9,330,488)
1,682,178
22,247,818
(2,273,741)
460,501
3,293,529
(212,145)
3,526,380

188,931

(760)

999,753
1,581,483
3,743,186

832,967
2,216,216
13,492,017

(4,000,905)

(6,905,138)

1,142,786
17,405
(636,352)
(329,906)
(3,806,972)

4,313,778
109,907
(1,426,696)
(57,487)
(3,965,636)

(661,222)
8,117,184
1,387,287
(25,286)
664,216
(6,212,954)
3,269,225
3,205,439

(708,706)
5,960,572
(980,640)
(44,709)
8,186,827
(6,100,490)
6,312,854
15,839,235

2,591,952
157,560,107
163,357,498

(8,034,181)
125,667,407
133,472,461

21,026,875
58,639,970
10,202,082
72,490,135
998,436

20,126,036
48,039,364
9,668,551
55,638,510
-

163,357,498

133,472,461

1. The above financial information is extracted from the consolidated financial
statements of PT Bank Mandiri (Persero) Tbk. (the "Bank") and its subsidiaries as of
September 30, 2017 and 2016 and for the nine-months period then ended,
prepared by the Bank's management in accordance with Indonesian Financial
Accounting Standards (unaudited). The consolidated financial statements of the
Bank and its subsidiaries as of December 31,2016 and for the period then ended,
which have been audited by Purwantono, Sungkoro&Surja ("PSS") (a member firm
of Ernst & Young Global Limited) with Danil Setiadi Handaja, CPA as partner in
charge, independent auditors, with an unmodified audit opinion, as stated in their
report dated Januari 30, 2017.
2. The above published financial statements are presented to comply with Financial
Services Authority Regulation No.6/POJK.03/2015 dated March 31, 2015 which is
amended by Financial Services Authority Regulation No.32/POJK.03/2016 dated
August 8, 2016 regarding Amendment of Financial Services Authority Regulation
No. 6/POJK.03/2015 regarding Transparency and Published Financial Statements of
the Bank and Circular Letter of Financial Services Authority No. 43/SEOJK.03/2016
dated September 28, 2016 regarding Transparency and Published Financial
Statements of Commercial Banks and also in accordance with Rule No. X.K.2,
Attachment to Decision of Chairman of Bapepam and LK No. Kep-346/BL/2011
dated July 5, 2011 regarding Submission of Periodic Financial Statements for
Issuers or Public Companies. Financial information and statement of cash flows
included in the published financial statements have been prepared in accordance
with Bapepam and LK Regulation No.VIII.G7, Attachment to Decision of Chairman
of Bapepam and LK No. Kep-347/BL/2012 dated June 25, 2012.
3. Composite value/rating of Bank Mandiri's Good Corporate Governance as at June
30, 2017 is 2 (Good) - The management of the Bank has made the implementation
of Good Corporate Governance in general good. This is reflected in an adequate
fulfillment of the principles of good corporate governance. In the event that there
is a weakness in applying the Good Corporate Governance, these weaknesses are
generally less significant and can be resolved with normal actions by the Bank
Management.
4. Related Parties in the Assets' Quality and Other Information Report are presented
in accordance with Bank Indonesia Regulation No. 8/13/PBI/2006 dated October 5,
2006 regarding Amendment of Bank Indonesia Regulation No. 7/3/PBI/2005 dated
January 20, 2005 regarding The Legal Lending Limit for Commercial Banks.
5. Exchange rate of 1 US Dollar as at September 30, 2017, September 30 ,2016 and
December 31,2016 were Rp13,471.50; Rp13,051.00 and Rp13,472.50 respectively

Herewith are some of the achievements of Bank Mandiri:
• The Best Bank Service Excellence (2008 -2017)
Infobank
• Platinum Trophy for Excellent Performance for 10 consecutive Years
Infobank
• The Legend in Good Corporate Governance (2007-2016)
The Indonesian Institute For Corporate Governance
• Supporting Bank in Monetary and Foreign Exchange Management
Bank Indonesia
• Best Private Bank
Finance Asia
• The Best Cash Management Bank in Indonesia
The Asian Banker
• Best Bank In Indonesia
Euromoney
• Best Domestic Bank In Indonesia
Asiamoney





Best Bank In Indonesia
Best Forex Bank For Corporate & Fls
Best Private Wealth Management
Best Cash Management
Alpha Southeast Asia

MANAGEMENT OF THE BANK

www.bankmandiri.co.id

Board of Commissioners
- President Commissioner/
Independent Commissioner
- Deputy President Commissioner
- Independent Commissioner
- Independent Commissioner
- Independent Commissioner
- Commissioner
- Commissioner
- Commissioner

: Hartadi Agus Sarwono *)
: Imam Apriyanto Putro
: Goei Siauw Hong
: Bangun Sarwito Kusmulyono
: Makmur Keliat
: Askolani
: Ardan Adiperdana
: R. Widyo Pramono *)

Board of Directors
- President Director
- Deputy President Director
- Director of Operations
- Director of Wholesale Banking
- Director of Distributions
- Director of Retail Banking
- Director of Risk Management & Compliance
- Director of Institutional
- Director of Digital Banking & Technology
- Director of Treasury

: Kartika Wirjoatmodjo
: Sulaiman Arif Arianto
: Ogi Prastomiyono
: Royke Tumilaar
: Hery Gunardi
: Tardi
: Ahmad Siddik Badruddin
: Kartini Sally
: Rico Usthavia Frans
: Darmawan Junaidi **)

SHAREHOLDERS
Republic of Indonesia
Non Ultimate Shareholder through
Capital Market (≥ 5%)

CONSOLIDATED

(In Millions of Rupiah)

As of September 30, 2017 and December 31, 2016

Total cash and cash equivalents

Payables

10,908,199
18,557,205

141,828,111
141,828,111
11,666,667
142,449,538
142,671,391
25,738,630

INDIVIDUAL

30 September 2016
INDIVIDUAL

570,647,320 630,833,627 527,579,736 580,671,189
3,270,323
3,668,861 2,027,839
2,428,284
104,792,639 121,563,432 92,008,869 107,636,532
678,710,282 756,065,920 621,616,444 690,736,005
9.56%
9.57%
9.00%
9.00%

8.48%
0.00%
1.08%

CONSOLIDATED

STATEMENTS OF COMMITMENTS AND CONTINGENCIES

30 September 2017

INDIVIDUAL

30 September 2016

Required Allowance for Possible
Losses of Earning Assets

As of September 30, 2017

CONSOLIDATED

30 September 2016

INDIVIDUAL

*) Capital Adequacy Ratio as of September 30, 2017 and 2016 has been calculated based on POJK No.34/POJK.03/2016 dated September 22, 2016 regarding
Minimum Capital Adequacy Requirement for commercial Bank.

For the Period Ended September 30, 2017 and 2016

STATEMENTS OF SPOT AND DERIVATIVE TRANSACTIONS

As of September 30, 2017 and 2016

earning assets

RISK WEIGHTED ASSETS
CREDIT RISK - WEIGHTED ASSETS
MARKET RISK - WEIGHTED ASSETS
OPERATIONAL RISK - WEIGHTED ASSETS
TOTAL RISK WEIGHTED ASSETS
CAR BASED ON RISK PROFILE (%)
CAPITAL ALLOCATION FOR CAR
BASED ON RISK PROFILE
From CET 1 (%)
From AT 1 (%)
From Tier 2 (%)

STATEMENTS OF CASH FLOW

-

CALCULATION OF FINANCIAL RATIOS
No.

22
1,301,948

INDIVIDUAL

DESCRIPTION

30 September 2017

1.
2.
3.
4.
5.

Loss

-

(In Millions of Rupiah)

Individual

Doubtful

-

As of September 30, 2017 and 2016
DESCRIPTION

Sub Standard

-

ALLOWANCES FOR IMPAIRMENT
No

Special Mention

I. Core Capital (Tier 1)
1. Common Equity Tier 1 (CET 1)
1.1 Paid-in Capital (net of Treasury Stock)
1.2 Disclosed Reserves
1.2.1 Additional Factor
1.2.1.1 Other comprehensive income
1.2.1.1.1 Excess differences arising from translation
of financial statement
1.2.1.1.2 Potential gain of the increase in the fair value
of financial assets available for sale
1.2.1.1.3 Surplus of fixed assets revaluation
1.2.1.2 Other disclosed reserves
1.2.1.2.1 Agio
1.2.1.2.2 General reserves
1.2.1.2.3 Previous year profit
1.2.1.2.4 Current year profit
1.2.1.2.5 Funds for paid-in capital
1.2.1.2.6 Others
1.2.2 Deduction Factor
1.2.2.1 Other comprehensive income
1.2.2.1.1 Negative differences arising from translation
of financial statement
1.2.2.1.2 Potential losses from the decrease in the fair
value of financial assets available for sale
1.2.2.2. Other disclosed reserves
1.2.2.2.1 Disagio
1.2.2.2.2. Previous year loss
1.2.2.2.3 Current year loss
1.2.2.2.4 Negative difference in allowance for possible losses and
allowance for impairment on earning assets
1.2.2.2.5 Negative difference in adjusment amounts from fair value
of financial assets in trading book
1.2.2.2.6 Required allowance for non earning assets
1.2.2.2.7 Others
1.3 Non controlling interest
1.4 Deduction Factor of CET 1
1.4.1 Deffered tax calculation
1.4.2 Goodwill
1.4.3 Other intangible assets
1.4.4 Investments in share
1.4.5 Shortfall of capital on insurance subsidiaries
1.4.6 Securitisation exposure
1.4.7 Other deduction of CET 1
1.4.7.1 Placement of funds in instrumen AT 1 and/or Tier 2 to other bank
1.4.7.2 Cross-ownership in another entity acquired by the transition
due to law, grants, or grants will
2. Additional Tier 1 (AT 1)
2.1 Instrument which comply with AT 1 requirements
2.2 Agio/Disagio
2.3 Deduction factor of AT 1
2.3.1 Placement of funds in instrumen AT 1 and/or Tier 2 to other bank
2.3.2 Cross-ownership in another entity acquired by the
transition due to law, grants, or grants will
II. Supplemental Capital (Tier 2)
1. Capital Instrument in the form of Stock or others which
comply with Tier 2 Requirements
2. Agio/Disagio
3. General provison on earning assets (max. 1.25% credit risk - weighted assets)
4. Deduction supplemental capital (Tier 2)
4.1 Sinking Fund
4.2 Placement of funds in instrumen AT 1 and/or Tier 2 to other bank
4.3 Cross-ownership in another entity acquired by
the transition due to law, grants, or grants will
TOTAL CORE AND SUPPLEMENTAL CAPITAL
30 September 2017

16,528,248
16,528,248

As of September 30, 2017 and 2016
DESCRIPTION

(In Millions of Rupiah)
30 September 2017

STATEMENTS OF ASSETS' QUALITY AND OTHER INFORMATION
No.

As of September 30, 2017 and 2016
COMPONENTS OF CAPITAL

DESCRIPTION

A. Interest and Sharia Income, Interest and Sharia Expenses, and Premium Income and Claim Expenses
50,845,424
1. Interest and Sharia Income
49,946,288
45,869,361
a. Rupiah
44,101,144
4,976,063
b. Foreign currencies
5,845,144
17,431,701
2. Interest and Sharia Expenses
15,751,817
15,453,339
a. Rupiah
14,340,679
1,978,362
1,411,138
b. Foreign currencies
33,413,723
34,194,471
Net Interest Income and Sharia Income (Expenses)
3. Premium Income
4. Claim Expense
Net Premium Income (Claim Expenses)
Net Interest and Sharia Income (Expenses),
33,413,723
34,194,471
and Net Premium Income (Claim Expenses)
B. Other Operating Income and Expenses
15,468,454
13,257,147
1. Other Operating Income
a. Increase in fair value of financial assets
1,089
i. Securities
ii. Loans
1,898,765
iii. Spot and derivative
1,469,596
iv. Other financial assets
b. Decrease in fair value of financial liabilities
c. Gain from sale of financial assets
758,469
i. Securities
528,473
ii. Loans
iii. Other financial assets
d. Gain from spot and derivative transaction (realised)
170,699
141,237
e. Dividend
817,030
702,267
f. Gain from investment in shares with equity method
g. Comissions/provisions/fees and administrative
8,397,892
7,661,331
h. Recovery on allowance for impairment
334,739
185,784
i. Other income
3,089,771
2,568,459
2. Other Operating Expenses
30,217,863
32,995,009
a. Decrease in fair value of financial assets
8,115
i. Securities
ii. Loans
iii. Spot and derivative
iv. Other financial assets
b. Increase in fair value of financial liabilities
c. Losses from sale of financial assets
i. Securities
ii. Loans
iii. Other financial assets
d. Losses from spot and derivative transaction (realised)
e. Impairment for financial assets
124,532
i. Securities
14,430,250
10,154,343
ii. Loans
iii. Sharia financing
70,482
iv. Other financial assets
5,959
58,621
f. Losses related to operational risk
g. Losses from investment in shares under equity method
514,701
444,216
h. Comissions/provisions/fees and administrative
118,631
273
i. Impairment on non financial assets
8,017,060
7,708,019
j. Salaries and employee benefits
551,250
636,177
k. Promotion expenses
10,873,742
9,496,501
l. Other expenses
Other Operating Income (Expenses)
(14,749,409)
(19,737,862)
PROFIT (LOSS) FROM OPERATIONS
18,664,314
14,456,609
NON OPERATING INCOME AND EXPENSES
1. Gain (Losses) from sale of premises and equipment
1,194
(156)
2. Gain (Losses) from foreign currencies translation
3. Other non operating income (expenses)
(6,706)
3,058
PROFIT FROM NON OPERATING
(5,512)
2,902
PROFIT CURRENT PERIOD BEFORE TAX
18,658,802
14,459,511
Income tax expenses
(2,802,836)
(1,971,407)
a. Estimated current tax
(966,334)
(856,548)
b. Deffered tax income (expenses)
PROFIT CURRENT PERIOD
14,889,632
11,631,556

LIABILITIES AND EQUITY

STATEMENTS OF CALCULATION OF CAPITAL ADEQUACY RATIO COMMERCIAL BANK *)

CONSOLIDATED

OPERATING INCOME AND EXPENSES

Cash
Placements with Bank Indonesia
Placements with other banks
Spot and derivative receivables
Securities
a. Fair value through profit/loss
b. Available for sale
c. Held to maturity ***)
d. Loans and receivables
Securities sold under repurchase agreements (Repo)
Securities purchased under resale agreements (Reverse Repo)
Acceptances receivables
Loans
a. Fair value through profit/loss
b. Available for sale
c. Held to maturity
d. Loans and receivables
Consumer financing receivables
Sharia financing
Investments in shares
Policy holder's investment in Unit Link Contract
Allowance for impairment on financial assets -/a. Securities
b. Loans
c. Others
Intangible assets
Accumulated amortisation for intangible assets -/- 
Premises and equipment
Accumulated depreciation for premises and equipment -/Non earning assets
a. Abandoned properties
b. Repossessed assets
c. Suspense account
d. Inter office assets
i. Operational activities conducted in Indonesia
ii. Operational activities conducted outside Indonesia
Allowance for impairment on non financial assets -/Lease Financing
Deferred tax assets
Other assets

6.
7.
8.
9.

(In Millions of Rupiah)

CONSOLIDATED

ASSETS
1.
2.
3.
4.
5.

Leading, Trusted. Enabling growth.

: 60.00%
: Nill

*) Appointed at the Extraordinary General Meeting of Shareholders of Bank Mandiri dated August 21, 2017, the
appointment of the commissioner will become effective after approval by the Otoritas Jasa Keuangan on Fit &
Proper Test and meet the prevailing regulations.
**) Appointed at the Extraordinary General Meeting of Shareholders of Bank Mandiri dated August 21, 2017, the
appointment of the director of treasury will become effective after approval by the Otoritas Jasa Keuangan on
Fit & Proper Test and meet the prevailing regulations.

Jakarta, October 25, 2017
S. E & O
Board of Directors
PT Bank Mandiri (Persero) Tbk.

Sulaiman Arif Arianto
Deputy President Director

Kartika Wirjoatmodjo
President Director

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