NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5129 39. SHARE CAPITAL continued
a. Authorised, Issued and Fully Paid-in Capital continued
On 27 December 2010, Bank Mandiri submitted a first registration to the Capital Market Supervisory Board and Financial Institution “Bapepam and LK” in relation to the limited public offering to the
Bank’s shareholders in respect to the issuance of pre-emptive rights Rights of 2,336,838,591 B series of shares. The limited public offering has been approved by the Board of Commissioners
through its letter dated 29 April 2010. The Bank has submitted the notification letter regarding the limited public offering to Bank Indonesia through its letter dated 17 September 2010. The limited
public offering has been enacted through the Indonesian Government Regulation No. 75 of 2010 dated 20 November 2010.
The Limited Public Offering LPO has been approved by the Capital Market Supervisory Board and Financial Institution “Bapepam and LK” through its letter No. S-807BL2011 dated 27 January
2011, and the LPO has become effective after obtaining approval in the Extraordinary General Shareholders Meeting held on 28 January 2011.
The pre-emptive rights of 2,336,838,591 shares were traded during the period of 14 - 21 February 2011 with an exercise price of Rp5,000 full amount per share which resulted an additional of
issued and paid-up capital amounting to Rp1,168,420.
b. Additional Paid-In CapitalAgio
The additional paid-in capitalagio as at 31 December 2012 and 2011 amounting to Rp17,195,760 are derived from Limited Public Offering and Recapitalisation Program Note 1c. As at
31 December 2012 and 2011, the agio amount of Rp17,195,760 already includes the agio from LPO Note 39a amounting to Rp10,515,774 after deducted with expenditures relating to the LPO
amounting to Rp280,694.
Based on the results of a due diligence review conducted on behalf of the Government dated 31 December 1999 and Management Contract IMPA dated 8 April 2000, it was decided that there
was an excess on recapitalisation amounting to Rp4,069,000. The Bank has refunded Rp2,657,000 of Government Recapitalisation Bonds to the Government on 7 July 2000 pursuant to the
Management Contract. The remaining balance of Rp1,412,000 was refunded to the Government on 25 April 2003 based on approval from the shareholders during its meeting on 29 October 2002 and
the Ministry of State-Owned Enterprises Decision Letter No. KEP-154M-MBU2002 dated 29 October 2002.
The refund of the above excess recapitalisation amounting to Rp1,412,000 includes a portion of issued and fully paid-in capital of Rp251,000.
On 23 May 2003, the Minister of Finance of the Republic of Indonesia issued Decree “KMK-RI” No. 227KMK.022003 dated 23 May 2003, which was amended by KMK-RI No. 420KMK.022003
dated 30 September 2003, which provides further guidance on Government Regulations No. 52 year 1999 and No. 97 year 1999 regarding the additional Government participation in Bank
Mandiri’s capital.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5130 39. SHARE CAPITAL continued
b. Additional Paid-In CapitalAgio continued
The following are the matters decided under the KMK-RI: a. The final Bank Mandiri recapitalisation amount is Rp173,801,315;
b. The recapitalisation fund of Rp5,000,000 is converted into 5,000,000 new shares issued by Bank Mandiri with a nominal value of Rp1,000,000 full amount per share;
c. The remaining recapitalisation fund amount of Rp168,801,315 is recorded as agio within the capital structure of Bank Mandiri.
Through quasi-reorganisation, the Bank’s accumulated losses as at 30 April 2003 amounting to Rp162,874,901 were eliminated against additional paid-in capitalagio.
c. Distribution of Net Income
Based on the Annual General Shareholders’ Meeting held on 23 April 2012 and 23 May 2011, the shareholders approved the distribution of the 2011 and 2010 net income as follows:
2011 2010
Dividends 2,449,209
3,226,404 Cooperative Development Fund Program
122,461 46,091
Community Development Fund Program 367,381
322,640 2,939,051
3,595,135 Retained Earnings
Appropriated -
220,347 Unappropriated
9,306,993 5,402,816
12,246,044 9,218,298
Dividend per share full amount 104,96609
120,59884
Dividends from 2011 net income amounting to Rp2,449,209 were paid on 05 June 2012.
Dividends from 2010 net income amounting to Rp3,226,404 were paid through an interim dividend of Rp412,431 on 30 December 2010 and final dividend of Rp2,813,972 on 30 June 2011,
respectively. Payment of dividends were recorded in the consolidated statement of changes in equity in the respective payment date. The Cooperative Development Fund Program and the
Community Development Fund Program, which are allocated from the 2011 and 2010 net income, were paid on 31 May 2012 and 28 June 2011 respectively. The Cooperative Development Fund
Program and Community Development Fund Program for Subsidiary from net income subsidiary in 2011 and 2010 amounted to Rp1,833 and RpNil.
40. INTEREST INCOME AND SHARIA INCOME
Interest income and sharia income are as follow:
2012 2011
Interest income Loans
32,310,460 26,602,988
Government Bonds 3,075,008
4,214,014 Marketable securities
886,746 1,386,642
Placements with Bank Indonesia and other banks 730,463
1,280,868 Consumer financing income
654,336 545,944
Others 546,243
309,272 Total
38,203,256 34,339,728
