These consolidated financial statements are originally issued in Bahasa.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
19
1. GENERAL INFORMATION continued
g. Subsidiaries associates
Subsidiaries included in the consolidated financial statements as of December 31, 2015 and 2014, are as follows:
Percentage of Ownership Name of Subsidiaries
Nature of Business Domicile
2015 2014
PT Bank Syariah Mandiri BSM Sharia Banking
Jakarta 99.99
99.99 Bank Mandiri Europe Limited BMEL
Commercial Banking London
100.00 100.00
PT Mandiri Sekuritas Securities
Jakarta 99.99
99.99 PT Bank Mandiri Taspen Pos
Commercial Banking Denpasar
58.25 93.23
formerly PT Bank Sinar Harapan Bali PT Mandiri Tunas Finance MTF
Consumer Financing Jakarta
51.00 51.00
Mandiri International Remittance Sendirian Berhad MIR
Remittance Kuala Lumpur
100.00 100.00
PT AXA Mandiri Financial Services Life Insurance
Jakarta 51.00
51.00 PT Mandiri AXA General Insurance MAGI
General Insurance Jakarta
60.00 60.00
PT Asuransi Jiwa InHealth Indonesia Life Insurance
Jakarta 80.00
60.00 PT Mandiri Utama Finance MUF
Consumer Financing Jakarta
51.00 -
PT Mandiri Capital Indonesia Venture Capital
Jakarta 99.00
- Effective starting from January 21, 2015
Effective starting from March 30, 2015 Effective starting from May 28, 2015
Effective starting from June 23, 2015
The Subsidiaries’ total assets as of December 31, 2015 and 2014 before elimination are follows:
Total assets before eliminaton Year of
commercial December 31,
December 31, Subsidiaries
operation 2015
2014
PT Bank Syariah Mandiri 1955
70,369,709 66,942,422
Bank Mandiri Europe Limited 1999
2,543,040 2,334,225
PT Mandiri Sekuritas 1992
1,712,002 2,969,264
PT Bank Mandiri Taspen Pos formerly PT Bank Sinar Harapan Bali
1970 2,578,095
1,761,790 PT Mandiri Tunas Finance
1989 9,202,994
7,419,798 Mandiri International Remittance Sdn Bhd
2009 11,404
11,523 PT AXA Mandiri Financial Services
1991 23,032,740
23,385,397 PT Mandiri AXA General Insurance
1962 1,551,866
1,177,732 PT Asuransi Jiwa lnHealth Indonesia
2008 1,841,695
1,779,156 PT Mandiri Utama Finance
2015 114,121
- PT Mandiri Capital Indonesia
2015 11,376
-
Total 112,969,042
107,781,307
PT Bank Syariah Mandiri
PT Bank Syariah Mandiri BSM is engaged in banking activities with Islamic banking principles, was established under the name PT Bank Industri Nasional “PT Bina” on June 15, 1955. On
October 4, 1967, the subsidiarys name was changed from PT Bina to PT Bank Maritim Indonesia which subsequently changed to PT Bank Susila Bhakti on August 10, 1973 which is a subsidiary of
BDN. The latest change of the subsidiary’s name to PT Bank Syariah Mandiri BSM is based on Notarial Deed of Sutjipto, S.H, No. 23 dated September 8, 1999. BSM obtain an operating license
based on the decree of the Minister of Finance of the Republic of Indonesia No. 275122U.M.II dated December 19, 1995 as a commercial bank based on Islamic principles and began operating
in 1999.
These consolidated financial statements are originally issued in Bahasa.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
20
1. GENERAL INFORMATION continued
g. Subsidiaries associates continued PT Bank Syariah Mandiri continued
On January 9, 2009, the Bank made additional capital investment in cash at the BSM, amounting Rp100,000. The Bank has received approval from Bank Indonesia through letter dated
December 31, 2008 and the Resolution of Extraordinary General Meeting of Shareholders of BSM No. 10 dated June 19, 2008.
On December 31, 2008, the Bank made an investment capital of Rp199,871, in the form of cash and inbreng non-cashexchange of land and buildings. The Bank has received approval from
Bank Indonesia through letter dated December 31, 2008 and the Resolution of Extraordinary General Meeting of Shareholders of BSM No.10 dated June 19, 2008.
On March 18, 2011, the Bank made an investment capital in cash of Rp200.000. The Bank has received approval from Bank Indonesia through letter dated January 31, 2011 and Circular
Resolution of Shareholders dated February 28, 2011 with Notarial Deed No.19 dated March 21, 2011 on the additional capital.
On December 29, 2011, the Bank made additional capital investment in cash at the BSM for Rp300,000. The Bank has received approval from Bank Indonesia through letter dated
January 31, 2011 and Circular Resolution of Shareholders dated December 29, 2011 with Notarial Deed No. 42 dated December 29, 2011 on the additional capital.
On December 21, 2012, the Bank made additional capital investment in cash at the BSM for Rp300,000. The Bank has received approval from Bank Indonesia through letter dated
December 21, 2012 and Circular Resolution of Shareholders dated December 21, 2012 with Notarial Deed No. 38 dated December 28, 2012 on the additional capital.
On December 30, 2013, the Bank made additional equity in the form of non-cash inbreng of land and buildings on BSM for Rp30,778. The Bank has received approval from Bank Indonesia
through letter dated December 19, 2013 and Circular Resolution of Shareholders dated
December 27, 2013 with Notarial Deed No. 22 dated January 22, 2014 which was re-affirmed in Circular Resolution of Shareholders dated December 29, 2014 with Notarial Deed No. 22 dated
January 23, 2015 on the additional capital.
On November 24, 2015, the Bank made additional equity in the form of cash on BSM amounted to Rp500,000. The Bank has received approval from the Bank Indonesia through letter dated
November 4, 2015 and Circular Resolution of Shareholder dated November 18, 2015 with Notarial Deed No.33 dated November 25, 2015 on the additional capital.
Bank Mandiri Europe Limited
Bank Mandiri Europe Limited “BMEL” was established in London, United Kingdom on June 22, 1999 under “The Companies Act 1985 of the United Kingdom”. It was established from the
conversion of Bank Exim London branch to a Subsidiary and operate effectively on July 31,1999. BMEL, located in London, United Kingdom, is mandated to act as a commercial bank to represent
the interests of Bank Mandiri.
