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 5116 30. OTHER LIABILITIES continued
Movements of allowance for estimated losses arising from legal cases for the years ended 31 December 2011 and 2010 are as follows:
2011 2010
Balance at beginning of year 574,928
514,366 Allowance during the year Note 40
14,57 6 61,381
Reversal during the year 14,939
- Others
58 819
Balance at end of year 574,623
574,928
Includes effect of foreign currency translation.
Management believes that the allowance for estimated losses arising from legal cases is adequate.
31. SUBORDINATED LOANS
By Type and Currency:
2011 2010
Rupiah: Related parites Note 51
Subordinated Bond Rupiah Bank Mandiri I 2,055,900
2,004,900 Third parties
Two-Step Loans TSL a Nordic Investment Bank NIB
117,175 138,480
b ASEAN Japan Development Fund - Overseas Economic Cooperation Fund AJDF - OECF
19,501 32,503
136,676 170,983
Bank Indonesia 2,061,459
2,230,259 Subordinated Bond Rupiah Bank Mandiri I
1,423,335 1,471,560
3,621,470 3,872,802
Total Rupiah 5,677,370
5,877,702 Foreign currencies:
Third parties Two-Step Loans TSL
d Asian Development Bank ADB 174,428
178,870 Total foreign currencies Note 57B.v
174,428 178,870
5,851,798 6,056,572
Two-Step Loans TSL a Nordic Investment Bank NIB
This account represents a credit facility obtained from Nordic Investment Bank NIB to the Government of the Republic of Indonesia, through the Ministry of Finance of the Republic of
Indonesia, which re-lent the proceeds to participating banks to finance several projects in Indonesia. The detail of this facility is as follows:
Credit Facility Purpose
Repayment Period
Nordic Investment Bank IV To
promote and
finance high
priority investment projects in Indonesia, primarily
in the private sector, or joint Indonesian and Nordic interests.
15 April 1997 – 28 February 2017 with the 1
st
installment on 31 August 2002.
The details of credit facilities from NIB are as follow:
2011 2010
Nordic Investment Bank IV NIB IV 117,175
138,480
The interest rates on the NIB IV facility is based on variable interest rates as determined by Bank Indonesia in accordance with the prevailing average interest rates of Certificate of Bank Indonesia
in the last 3 three months.
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 5117 31. SUBORDINATED LOANS continued
Two-Step Loans TSL continued
b ASEAN Japan Development Fund - Overseas Economic Cooperation Fund AJDF - OECF This account represents a credit facility obtained from ASEAN Japan Development Fund -
Overseas Economic Cooperation Fund AJDF - OECF to the Government of the Republic of Indonesia, through the Ministry of Finance of the Republic of Indonesia, which re-lent the
proceeds to participating banks to finance several projects in Indonesia. The detail of this facility is as follows:
Credit Facility Purpose
Repayment Period
Pollution Abatement Equipment Program PAE
Small Scale Industry SSI To purchase equipment to prevent
pollution. To finance small-scale industry.
19 August 1993 – 19 August 2013, with 1
st
installment on 15 August 1998. 19 August 1993 – 19 August 2013, with
1
st
installment on 15 August 1998.
The details of outstanding credit facilities from the AJDF - OECF are as follow:
2011 2010
a Pollution Abatement Equipment Program PAE
18,877 31,463
b Small Scale Industry SSI
624 1,040
19,501 32,503
The payment on the above AJDF - OECF facilities are within 20 twenty years after the first drawdown inclusive of a 5 years grace period and will be settled in 30 thirty semi-annual
installments starting on 15 August 1998 to 15 February 2013.
The PAE facility is subject to variable interest rates determined every 6 six months based on the prevailing average interest rate of the 3 three months Certificates of Bank Indonesia for the last 6
six months, less 5.00 per annum.
The SSI facility is subject to variable interest rates determined every 6 six months based on the prevailing average interest rate of 3 three months Certificates of Bank Indonesia for the last
6 six months, less 2.50 per annum.
c Asian Development Bank ADB This account represents credit facilities from Asian Development Bank ADB to the Government
of the Republic of Indonesia, through the Ministry of Finance of the Republic of Indonesia, which are re-lent to participating banks to finance several projects in Indonesia. The detail of this facility
is as follows:
Credit Facility Purpose
Repayment Period
ADB 1327 - INO SF To finance Micro Credit Project PKM.
15 January 2005 - 15 July 2029 with 1
st
installment on 15 January 2005.
The details of credit facilities from ADB are as follow:
2011 2010
ADB 1327 - INO SF 174,428
178,870
