NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5107 33. EMPLOYEE BENEFIT LIABILITIES
2012 2011
Rupiah - Provision for post-employment benefit Note 49
1,635,427 1,404,375
- Provisions for bonuses, leave and holiday entitlements 2,177,891
1,414,811 - Provision for employees’ service free period
- 10,352
Foreign currencies: - Provisions for bonuses, leave and holiday entitlements
- 381
3,813,318 2,829,919
The provision for post-employment benefit such as pension fund and other long term remuneration is according to Bank and Subsidiaries’ policy which had been calculated with actuary calculation.
34. OTHER LIABILITIES
2012 2011
Rupiah: Liability to policy holders
1,302,356 695,113
Liability related to ATM and credit card transaction 1,231,126
600,894 Payable to customers
1,058,361 615,996
Guarantee deposits 878,283
715,208 Deferred income directly attributable
653,656 526,392
Deferred income not directly attributable 142,884
117,211 Payable from purchase of marketable securities
22,940 682,240
Others 3,784,822
3,878,946 Total Rupiah
9,074,428 7,832,000
Foreign currencies: Other liabilities related with UPAS transactions Note 60B.v
1,075,973 610,503
Guarantee deposits Note 60B.v 1,030,110
969,853 Deferred income not directly attributable
313,707 184,514
Deferred income directly attributable 848
937 Others
1,507,699 555,745
Total foreign currencies 3,928,337
2,321,552 13.002.765
10,153,552
Liabilities to policy holders consists of Subsidiary’s liability for future policy benefits for non unit-linked policy holders, claim payables, unearned premium income and estimated claim liabilities, amounting
to Rp1,042,530, Rp33,120, Rp163,642 and Rp63,064 as at 31 December 2012 and amounting to Rp511,321, Rp25,067, Rp118,476 and Rp40,249 as at 31 December 2011, respectively.
Payable to customers are mostly represent payable arising from marketable securities transactions by PT Mandiri Sekuritas the Bank’s subsidiary.
Liability related to ATM and credit card transactions represents payable arising from ATM transactions within ATM Bersama network and payable to Visa and MasterCard on credit card transactions.
Guarantee deposits are cash guarantee deposited by the Bank’s customers for export and import transaction and bank guarantee issuance.
Deferred income directly attributable presents unamortised provisioncommissions income directly attributable to loans.
Deferred income not directly attributable represents unamortised provisioncommissions income not directly attributable to loans.
Other liabilities related to UPAS transactions represents liability to financing bank in foreign currencies related to UPAS payable to importer.
Payable from purchase of marketable securities represents the Bank’s liability relatied to purchase of marketable securities transactions that have been subsequently settled on 3 January 2013.
Others mostly consist of inter-office account, liabilities related to import transaction, and suspense such as settlement of customer’s financial transaction such as money transfer.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5108 35. FUND BORROWINGS
2012 2011
Rupiah: Related parties Note 54
a The Government of the Republic of Indonesia -
200,000 b PT Permodalan Nasional Madani Persero
18,712 69,406
g Others 916,156
835,259 934,868
1,104,665 Third parties
c Bank Indonesia 755
7,279 d Ministry of Public Housing Kemenpera
17,262 -
g Others 1,980,889
1,691,092 1,998,906
1,698,371 Total Rupiah
2,933,774 2,803,036
Foreign currencies: Third parties
e Direct Off-shore Loans 7,792,672
4,792,884 f Trade Financing Facilities
882,386 4,107,578
Total foreign currencies Note 60B.v 8,675,058
8,900,462 11,608,832
11,703,498
a The Government of the Republic of Indonesia This account represents fund borrowings obtained from the Government of the Republic of
Indonesia based on agreement No. KP-022DP32004 dated 14 May 2004 which was subsequently amended with agreement No. AMA-7KP-022DP32004 dated 15 December 2004
and letter No. S-662PB.72005 dated 13 May 2005 and amendment agreement No. AMA-30KP- 022DP32006 dated 24 August 2006 and letter No. S-3207PB2008 dated 21 April 2008, each of
them is regarding Amendment of Loan Agreement between the Government of the Republic of Indonesia and PT Bank Mandiri Persero Tbk. No. KP-022DP32004 dated 14 May 2004 and the
Approval of Amendment of Loan Agreement between the Government of the Republic of Indonesia and Bank Mandiri in relation to the Credit Financing for Small and Micro Businesses.
This borrowing was then lent by the Bank to small and micro businesses where the procedures, arrangements and requirements of the re-lending program are outlined in the Decision of Minister
of Finance No. 40KMK.062003 dated 29 January 2003 regarding Credit Financing Facilities for Small and Micro Businesses which amended with the Decision of Minister of Finance No.
74KMK.062004 dated 20 February 2004. This facility bears interest which will be determined every quarter on 10 March, 10 June, 10 September and 10 December by the Ministry of Finance
of the Republic of Indonesia. The Bank has made 5 five installment payments with the first installment paid on 10 December 2007. For the remaining outstanding balance of Rp200,000, the
installment payment will start in December 2017 and will mature in December 2019. On 27 July 2012, Bank Mandiri had perform early payment on the remaining outstanding balance of
Rp200,000.
b PT Permodalan Nasional Madani Persero This account represents fund borrowings granted by PT Permodalan Nasional Madani Persero
to Bank Mandiri and Bank Sinar Harapan Bali BSHB. The outstanding loan balance as at 31 December 2012 and 2011 for Bank Mandiri are Rp9,102 and Rp52,504, respectively, and for
BSHB are Rp9,610 and Rp16,902, respectively. These facilities bear interest rate at 7.00 per annum. The payment schedule of fund borrowing terms depend on the terms of the individual loan
agreement, the latest will mature in December 2013. Bank Mandiri then lent this fund to the members of Primary Cooperation Kredit Koperasi Primer kepada Anggotanya [KKPA].
