PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
50
10. TRADE DOCUMENTS AND OTHER FACILITIES
a. By Type and Currencies:
June 30, 2004 June 30, 2003
April 30, 2003
Rupiah: Discounted
export bills
184,771 253,975
220,849 Export
bills 9,165
3,344 118
Others 18,285
5,943 55,126
212,221 263,262
276,093 Foreign
Currency: Discounted
export bills
1,191,554 1,734,929
1,201,371 Export
bills 858,435
673,650 704,942
Others 1,447,307
227,820 558,861
3,497,296 2,636,399
2,465,174 Total
3,709,517 2,899,661
2,741,267 Less: Allowance for possible losses
871,403 767,193
769,498 2,838,114
2,132,468 1,971,769
b. By
Collectibility:
June 30, 2004 June 30, 2003
April 30, 2003
Current 2,943,333
2,207,458 2,021,972
Loss 766,184
692,203 719,295
Total 3,709,517
2,899,661 2,741,267
Less: Allowance for possible losses 871,403
767,193 769,498
2,838,114 2,132,468
1,971,769
c. By
Maturity:
June 30, 2004 June 30, 2003
April 30, 2003
Less than 1 month 2,326,611
1,228,722 1,325,975
1 - 3 month 768,607
354,072 423,292
Over 3 months 614,299
1,316,867 992,000
Total 3,709,517
2,899,661 2,741,267
Less: Allowance for possible losses 871,403
767,193 769,498
2,838,114 2,132,468
1,971,769
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
51
10. TRADE DOCUMENTS AND OTHER FACILITIES continued
d. Movements of Allowance for Possible Losses on Trade Documents and Other Facilities:
Six-month Six-month Two-month
Four-month Period
ended Period ended Period ended Period
ended June 30, 2004
June 30, 2003 June 30, 2003
April 30, 2003
Balance at beginning of period 799,322
829,362 769,498
829,362 Additionreversal of provision during
the period
1,823 151,520
109,201 42,319
Others 70,258
89,351 106,896
17,545
Balance at end of period 871,403 767,193
767,193 769,498
Includes foreign exchange translation effect.
The minimum allowances for possible losses on trade documents and other facilities, under the guidelines prescribed by Bank Indonesia, as of June 30, 2004 and 2003, and April 30, 2003 were
Rp813,802, Rp565,001 and Rp744,410, respectively. Management believes that the allowance for possible losses on trade documents and other
facilities is adequate.
e. Discounted export facilities amounted to Rp1,376,325, Rp1,988,904 and Rp1,422,220 as of June 30, 2004 and 2003, and April 30, 2003, respectively, with average interest rates per annum of
4.61, 3.70 and 5.97, respectively, for the six-month periods ended June 30, 2004 and 2003, and the four-month period ended April 30, 2003.
f. All trade documents and other facilities are held to maturity. 11. SECURITIES PURCHASED WITH AGREEMENTS TO RESELL
Summary of securities purchased with agreements to resell as of June 30, 2004 is as follows: June 30, 2004
Counterparty Commence-
ment date Maturity date
Nominal Name of Bonds
PT Andatama Makmur 18 and
29032004 20
and 24092004
96,410 PT Bumi Resource Tbk
PT Agung Ometraco Muda 20042004
20072004 102,761
PT Plaza Indonesia Realty
Tbk PT Investindo Nusantara Sekuritas
17 and 30062004
06 and
19072004 29,073
Various shares
228,244
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
52
12. DERIVATIVE RECEIVABLES AND PAYABLES
