PT BANK MANDIRI PERSERO AND SUBSIDIARIES
Notes to the Consolidated Financial Statements Continued December 31, 2002 and 2001
Expressed in millions of Rupiah, unless otherwise stated
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127
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54. SEGMENT INFORMATION
Pursuant to the retroactive implementation of SFAS No. 5 Revised - “Reporting Financial Information by Segment” which is effective January 1, 2002, previously issued segment information
has been restated. The Bank considers the nature of business as the primary segment, and geographical area as the
secondary segment. The business activities of the Bank and its Subsidiaries and its geographical location are as follows:
Name of Company Nature of Business
Location
__
PT Bank Mandiri Persero parent Banking
Indonesia, Singapore, Hong Kong, Grand Cayman and Cook Islands
PT Bank Syariah Mandiri subsidiary Syariah banking
Indonesia Bank Mandiri Europe Limited subsidiary Banking
United Kingdom
PT Mandiri Sekuritas subsidiary Securities
Indonesia PT Asuransi Jiwa Mandiri subsidiary
Insurance Indonesia
Others PT Bumi Daya Plaza subsidiary
and its subsidiaries Property management
Indonesia PT Usaha Gedung Bank Dagang Negara
subisidiary and its subisidiaries Property management
Indonesia
Inter-segment transactions are made under the same terms and conditions as with other parties. Primary Segment Information as of and for the Year Ended December 31, 2002
Banking ‘Syariah’
Securities Insurance Others Elimination Consolidated
Banking Operating income
33,189,278 196,853
17,660 13,338
73,414 -
33,490,543 Inter-segment operating
Income 3,001
- -
- -
3,001 -
Operating income including Inter-segment
operating income
33,192,279 196,853
17,660 13,338 73,414
3,001 33,490,543 Operating expenses
29,734,416 163,930
16,498 23,709
63,049 -
30,001,602 Inter-segment operating
expenses 3,001
- -
- -
3,001 -
Operating expenses including inter-segment
operating expenses
29,737,417 163,930
16,498 23,709
63,049 3,001
30,001,602 Profit from Operations
4,529,241 42,023
1,162 10,370
10,365 -
4,572,421 Net Profit
3,614,867 29,404
2,092 10,461
11,082 61,395
3,585,589 Total Assets
250,257,847 1,618,060
381,554 17,976
265,565 2,146,313 250,394,689
Total assets as a percentage of total consolidated assets
prior to elimination 99.10
0.64 0.15
0.01 0.10
PT BANK MANDIRI PERSERO AND SUBSIDIARIES
Notes to the Consolidated Financial Statements Continued December 31, 2002 and 2001
Expressed in millions of Rupiah, unless otherwise stated
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128
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54. SEGMENT INFORMATION Continued
Secondary Segment Information as of and for the Year Ended December 31, 2002
Indonesia Asia
Europe Other
Elimination Consolidated Domestic
Operating income 32,243,040
169,682 85,591
992,230 -
33,490,543 Inter-segment operating Income
3,001 -
- -
3,001 -
Operating income including inter-segment
operating income
32,246,041 169,682
85,591 992,230
3,001 33,490,543 Operating expenses
29,105,546 85,746
67,926 742,384
- 30,001,602
Inter-segment operating expenses 3,001
- -
- 3,001
- Operating expenses including
Inter-segment operating
expenses 29,108,547
85,746 67,926
742,384 3,001 30,001,602
Profit from Operations 4,285,055
22,157 15,799
249,410 -
4,572,421 Net Profit
3,296,787 71,509
29,278 249,410
61,395 3,585,589
Total Assets 234,916,481
4,251,687 1,088,038
12,284,796 2,146,313
250,394,689 Total assets as a percentage of
total consolidated assets prior to elimination
93.02 1.68
0.43 4,87
Primary Segment Information as of and for the Year Ended December 31, 2001
Banking ‘Syariah’ Securities Insurance Others
Elimination Consolidated
Banking Operating
income 32,746,031
113,647 12,744 15,524 63,969 -
32,951,915 Inter-segment operating
income 42,584 - - - -
42,584 - Operating income including
inter-segment operating
income 32,788,615
113,647 12,744 15,524 63,969 42,584 32,951,915
Operating expenses
28,359,739 99,592 12,796 13,623 60,814 -
28,546,564 Inter-segment operating
expenses 18,902
- - - - 18,902 -
Operating expenses including inter-segment
operating expenses
28,340,837 99,592 12,796 13,623 60,814 18,902 28,546,564
Profit from Operations 1,687,877
14,054 52
1,901 3,155
61,485 1,645,450
Net Profit
2,771,230 16,744 5,521 1,901 11,662
61,301 2,745,757
Total Assets
262,553,991 951,629 62,475 16,584 369,240
1,662,924 262,290,995
Total assets as a percentage of total consolidated assets
prior to
elimination 99.47 0.36 0.02 0.01 0.14
