Tax assessment letter TAXATION a.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5109 35. FUND BORROWINGS continued
c Bank Indonesia This account represents credit liquidity facility obtained from Bank Indonesia BI, which was then
lent to Bank Mandiri’s debtors under the Government Credit Program. The administration and monitoring of the credit facility are performed by PT Permodalan Nasional Madani Persero, a
state-owned company, based on Law No. 231999 dated 17 May 1999 regarding BI, BI Regulation No. 23PBI2000 dated 1 February 2000 and BI Regulation No. 520PBI2003 dated
17 September 2003 regarding the Hand-over of Management of Credit Liquidity of Bank Indonesia Under Credit Program. This facility bears interest at rates ranging from 3.75 to 7.00 per
annum and will mature on various dates up to 2013. The details of this account are as follows:
2012 2011
Small-Scale Investment Loans KIK 755
7,279
d Ministry of Public Housing Kemenpera This account represents a Liquidity Facility of House Financing FLPP with sharing financing of
50.00 from Ministry of Public Housing’s fund and 50.00 from Bank Mandiri’s fund, in accordance with the Memorandum of Understanding between the Ministry of Public Housing
No. 07SKBM2012 and PT Bank Mandiri Persero Tbk. No. DIR.MOU0032012 dated 15 February 2012 regarding the Amendment of Memorandum of Understanding between the
Ministry of Public Housing No. 13SKBDP2011 and PT Bank Mandiri Persero Tbk. No. DIR.MOU0152011 regarding the Funding Distribution of Liquidity Facility of House Financing
FLPP in the framework of the housing procurement through the Welfare House Ownership Loan. The above agreement was followed by Operational Cooperation Agreement between Public
Service Center of House Financing Agency of the Ministry of Public Housing of the Republic of Indonesia
No. 02SK.9HK.02.0422012 with
PT Bank
Mandiri Persero
Tbk. No. DIR.PKO0102012 dated 15 February 2012 regarding the Funding Distribution of Liquidity
Facility of House Financing FLPP in the framework of the housing procurement through the Welfare House Ownership Loan.
The outstanding loan balance as at 31 December 2012 is amounting to Rp17,262. The facility bears interest at 0.50 per annum. The loan has a repayment schedule of maximum 180 months
15 years with the first installment begins at the next month for fund disbursed from date of 1 until 10, and at the next two months for the fund disbursed from date of 11 until the end of the
month. The repayment principal and interest to Kemenpera will be made not later than the date of 10 for each month.
e Direct Off-shore Loans The details of direct off-shore loans are as follows:
2012 2011
Deutsche Bank AG, Singapore 2,891,250
2,720,250 Standard Chartered Bank, Singapore
2,409,375 -
Standard Chartered Bank, Jakarta 963,750
906,750 Asian Development Bank
- Tranche A 574,018
673,942 - Tranche B
191,819 270,118
Agence Française de Développement 762,460
221,824 7,792,672
4,792,884
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5110 35. FUND BORROWINGS continued
e Direct Off-shore Loans continued
Deutsche Bank AG, Singapore
2012
Interest Nominal amount
Type Arranger
Maturity Date Tenor
Rate USD
Rupiah months
per annum full amount
equivalent Standby Loan
Deutsche Bank AG, LIBOR 6 months
Singapore 23 June 2016
60 + certain margin
300,000,000 2,891,250
2011
Interest Nominal amount
Type Arranger
Maturity Date Tenor
Rate USD
Rupiah months
per annum full amount
equivalent Standby Loan
Deutsche Bank AG, LIBOR 6 months
Singapore 23 June 2016
60 + certain margin
300,000,000 2,720,250
On 16 June 2011, Bank Mandiri obtained a loan facility from Deutsche Bank AG, Singapore of USD300,000,000 full amount with interest rate at a 6-months LIBOR plus a certain margin.
This loan facility has a tenor of 5 five years and will mature on 23 June 2016. During the tenor of the loan facility, Bank Mandiri could drawdown and repay the outstanding loan at any time. On
27 June 2011, Bank Mandiri exercised the first drawdown on this loan facility amounting to USD100,000,000 full amount and subsequently on 28 September 2011, the Bank exercised the
second drawdown amounting to USD200,000,000 full amount. As at 31 December 2012 and 2011, this loan facility is secured by Government Bonds VR0031 series with a nominal value of
Rp4,297,228 Note 8c.
Standard Chartered Bank, Singapore
2012
Interest Nominal amount
Type Arranger
Maturity Date Tenor
Rate USD
Rupiah months
per annum full amount
equivalent Bilateral Loan
Standard Chartered Bank, LIBOR 6 months
Singapore 09 July 2015
36 + certain margin
250,000,000 2,409,375
On 28 June 2012, Bank Mandiri obtained a loan facility from Standard Chartered Bank, Singapore for USD250,000,000 full amount with interest rate at a 6-months LIBOR plus a certain margin.
This loan facility has a tenor of 3 three years and will mature on 9 July 2015. On 9 July 2012, Bank Mandiri has conducted drawdown on this loan facility amounting to USD250,000,000 full
amount. As at 31 December 2012, this loan facility is secured by Government Bonds VR0030 series with a nominal value of Rp3,000,000 and VR0031 series with a nominal value of
Rp343,746 Note 8c.
Standard Chartered Bank, Jakarta
2012
Interest Nominal amount
Type Arranger
Maturity Date Tenor
Rate USD
Rupiah months
per annum full amount
equivalent Bilateral Loan
Standard Chartered Bank, LIBOR 3 months
Jakarta 11 July 2016
60 + certain margin
100,000,000 963,750