MARKETABLE SECURITIES ISSUED continued Bonds continued
30. MARKETABLE SECURITIES ISSUED continued Subordinated notes sharia mudharabah continued
- Nisbah provided to the BSM subnotes holders’ is 16.30 per annum of the profit sharing which is paid every three 3 months. The issuance of BSM Subnotes divided into three 3 phases: - Phase I dated December 19, 2011 with nominal amount of Rp75,000. - Phase II dated December 19, 2011 with nominal amount of Rp275,000. - Phase III dated December 19, 2011 with nominal amount of Rp150,000. Subnotes are neither covered by a specific collateral nor guaranteed by a third party or by the Republic of Indonesia and not included in the Bank Guarantee Program implemented by Bank Indonesia or other guarantee institution in accordance to with the law and regulation in force. Subnotes are obligation of the BSM that is subordinated. During the validity period of Subnotes, and before the redemption of all of principal and profit sharing, the BSM is obliged to: i maintain the amount of assets that are not pledged at a minimum of 150 of total liabilities; ii ensure that subnotes not owned by more than 49 forty-nine investors; iii submit to the monitoring agent financial information as follows: annual audited financial statements, quarterly financial statements and the financial statements used for the calculation of profit sharing and BSM health rating reports issued by Bank Indonesia. Without written approval from the monitoring agent, BSM is not allowed to do the following: i reduce the issued and paid-in capital; ii make some changes in business field; iii do a merger or consolidation or reorganization, except if there was some regulation from the Government or Bank Indonesia; iv do a merger, consolidation, acquisition with another entity that will result to the dissolution of BSM. The trustees of BSM’s subnotes mudharabah year 2011 are PT Bank Mandiri Persero Tbk. and PT Bank CIMB Niaga Tbk. As of December 31, 2015, the rating of BSM subnotes mudharabah year 2011 based on Pefindo’s rating is idAA double A. On December 19, 2016, BSM has executed its call option right of the subnotes mudharabah year 2011 subnotes BSM amounting to Rp500,000. Medium Term Notes MTN To assist with business expansion, mainly in order to support credit financing, on November 18, 2016, the Subsidiary PT Bank Mandiri Taspen Pos “ Bank Mantap ” issued Medium-Term Notes MTN PT Bank Mandiri Taspen Pos “ MTN Bank Mantap ” amounting to Rp350,000 with an interest rate of 9.50 per annum. MTN Bank Mantap has a period of 370 days from the date of issuance, while the interest is payable on a quarterly basis with the first interest payment due on February 18, 2017. December 31, 2016 Interest Maturity Tenor rate Type Arranger date days per annum Nominal amount MTN Bank Mantap PT Mandiri Sekuritas November 28, 2017 370 9.50 350,000 On December 31, 2016, the rating of MTN Bank Mantap Based on Pefindo’s Rating is idA + A plus. Bank Mandiri and its Subsidiaries have made interest payments on securities issued in accordance with the schedule of interest payments during the years ended December 31, 2016 and 2015. During the years ended December 31, 2016 and 2015, Bank Mandiri and Subsidiaries have fulfilled the requirements stipulated in the agreement of all issued securities. PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2016 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated 14231. ESTIMATED LOSSES ON COMMITMENTS AND CONTINGENCIES
a. Transactions of commitments and contingencies in the ordinary course of business of Bank Mandiri and its Subsidiaries activities that have credit risk are as follows: December 31, December 31, 2016 2015 Rupiah: Bank guarantees issued Note 53 42,070,997 37,077,825 Committed unused loan facilities granted 20,843,506 22,273,685 Outstanding irrevocable letters of credit Note 53 3,263,998 2,426,922 Standby letters of credit Note 53 1,868,480 1,970,917 Total 68,046,981 63,749,349 Foreign currencies: Bank guarantees issued Note 53 32,195,287 37,433,266 Committed unused loan facilities granted 6,053,865 7,006,333 Outstanding irrevocable letters of credit Note 53 8,832,668 8,497,666 Standby letters of credit Note 53 11,296,080 10,764,808 Total 58,377,900 63,702,073 126,424,881 127,451,422 b. By Bank Indonesia’s collectibility: December 31, December 31, 2016 2015 Current 125,828,356 126,481,063 Special mention 511,293 685,904 Sub-standard 60,493 230,090 Doubtful 13,468 16,541 Loss 11,271 37,824 Total 126,424,881 127,451,422 Less: Allowance for impairment losses 207,401 395,610 Commitments and contingencies - net 126,217,480 127,055,812 c. Movements of allowance for impairment losses on commitments and contingencies: December 31, December 31, 2016 2015 Beginning balance 395,610 196,793 Reversalallowance during the year 181,459 198,450 Others 6,750 367 Ending balance 207,401 395,610 Includes effect of foreign currencies translation. Management believes that the allowance for impairment losses on commitments and contingencies is adequate.Parts
» Bank Mandiri Eng 31 Des 2016 Released Password Removed
» Merger GENERAL INFORMATION a. Establishment
» Recapitalisation GENERAL INFORMATION continued b. Merger continued
» Divestment of Government Share Ownership
» GENERAL INFORMATION continued g. Subsidiaries
» GENERAL INFORMATION continued g. Subsidiaries continued
» Structure and Management GENERAL INFORMATION continued g. Subsidiaries continued
» GENERAL INFORMATION continued h. Structure and Management continued
» Basis of Preparation of the Consolidated Financial Statements
» Financial instruments A. Financial assets
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued c. Financial instruments continued
» Transactions with related parties
» Current accounts with Bank Indonesia and other banks
» Placements with Bank Indonesia and other banks
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» Securities purchasedsold under resalerepurchase agreements
» Derivative receivables and derivative payables
» Loans and sharia receivablesfinancing
» Consumer financing receivables SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued l.
» Fixed Assets, leased assets and intangible assets i. Fixed assets and software
» Fixed assets and software continued
» Allowance for possible losses on non-earning assets
» Acceptance receivables and payables
» Deposits from customers SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued v. Other assets
» Deposits from other banks Insurance contract
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued z. Insurance contract continued
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued ad. Income tax continued
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued ae. Temporary syirkah funds continued
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued ai. Employee benefits continued
» Determining fair values of financial instruments
» Impairment of non-financial assets
» CURRENT ACCOUNTS WITH BANK INDONESIA December 31, December 31,
» CURRENT ACCOUNTS WITH BANK INDONESIA continued December 31, December 31,
» CURRENT ACCOUNTS WITH OTHER BANKS
» CURRENT ACCOUNTS WITH OTHER BANKS continued
» PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS continued
» PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS continued MARKETABLE SECURITIES
» MARKETABLE SECURITIES continued MARKETABLE SECURITIES continued
» MARKETABLE SECURITIES continued Bank Mandiri Eng 31 Des 2016 Released Password Removed
» MARKETABLE SECURITIES continued GOVERNMENT BONDS GOVERNMENT BONDS continued
» GOVERNMENT BONDS continued Bank Mandiri Eng 31 Des 2016 Released Password Removed
» OTHER RECEIVABLES - TRADE TRANSACTIONS
» OTHER RECEIVABLES - TRADE TRANSACTIONS continued
» SECURITIES PURCHASED UNDER RESALE AGREEMENTS
» SECURITIES PURCHASED UNDER RESALE AGREEMENTS continued
» DERIVATIVE RECEIVABLES AND PAYABLES
» DERIVATIVE RECEIVABLES AND PAYABLES continued
» 2 By type and Bank Indonesia’s collectibility:
» 2 By type and Bank Indonesia’s collectability continued:
» LOANS AND SHARIA RECEIVABLESFINANCING continued
» LOANS AND SHARIA RECEIVABLESFINANCINGcontinued
» LOANS AND SHARIA RECEIVABLESFINANCING continued LOANS AND SHARIA RECEIVABLESFINANCING continued
» CONSUMER FINANCING RECEIVABLES continued
» NET INVESTMENT FINANCE LEASES
» NET INVESTMENT IN FINANCE LEASE continued ACCEPTANCES RECEIVABLE
» ACCEPTANCES RECEIVABLE continued Bank Mandiri Eng 31 Des 2016 Released Password Removed
» ACCEPTANCES RECEIVABLE continued INVESTMENT IN SHARES
» INVESTMENT IN SHARES continued
» FIXED ASSETS Bank Mandiri Eng 31 Des 2016 Released Password Removed
» FIXED ASSETS continued Bank Mandiri Eng 31 Des 2016 Released Password Removed
» FIXED ASSETS continued Others
» FIXED ASSETS continued Others continued
» INTANGIBLE ASSETS December 31, December 31, OTHER ASSETS December 31, December 31,
» OTHER ASSETS continued DEPOSITS FROM CUSTOMERS - DEMANDWADIAH DEMAND DEPOSITS
» DEPOSITS FROM CUSTOMERS - SAVINGWADIAH SAVING DEPOSITS continued
» DEPOSITS FROM CUSTOMERS - TIME DEPOSITS continued
» DEPOSITS FROM OTHER BANKS - DEMANDWADIAH DEMAND AND SAVING DEPOSITS
» DEPOSITS FROM OTHER BANKS -DEMANDWADIAH DEMAND AND SAVING DEPOSITS continued
» DEPOSITS FROM OTHER BANKS - INTER-BANK CALL MONEY
» DEPOSITS FROM OTHER BANKS - TIME DEPOSITS
» LIABILITY TO UNIT-LINK HOLDERS
» LIABILITY TO UNIT-LINK HOLDERS continued
» LIABILITY TO UNIT-LINK HOLDERScontinued
» SECURITIES SOLD UNDER REPURCHASE AGREEMENTS
» ACCEPTANCES PAYABLE Bank Mandiri Eng 31 Des 2016 Released Password Removed
» MARKETABLE SECURITIES ISSUED Bank Mandiri Eng 31 Des 2016 Released Password Removed
» MARKETABLE SECURITIES ISSUED continued Bonds continued
» MARKETABLE SECURITIES ISSUED continued Subordinated notes sharia mudharabah
» MARKETABLE SECURITIES ISSUED continued Subordinated notes sharia mudharabah continued
» ESTIMATED LOSSES ON COMMITMENTS AND CONTINGENCIES
» Prepaid taxes December 31, December 31,
» Taxes payable December 31, December 31,
» TAXATION b. Taxes payable continued
» TAXATION continued d. Tax expense - current
» TAXATION continued d. Tax expense - current continued
» Tax on fixed assets revaluation
» Tax assessment letters Fiscal year 2013
» Tax collection letter Fiscal year 2014
» EMPLOYEE BENEFIT LIABILITIES December 31, December 31,
» OTHER LIABILITIES continued Bank Mandiri Eng 31 Des 2016 Released Password Removed
» FUND BORROWINGS continued December 31, December 31,
» FUND BORROWINGS continued FUND BORROWINGS continued
» FUND BORROWINGS continued Bank Mandiri Eng 31 Des 2016 Released Password Removed
» SUBORDINATED LOANS Bank Mandiri Eng 31 Des 2016 Released Password Removed
» SUBORDINATED LOANS continued Bank Mandiri Eng 31 Des 2016 Released Password Removed
» TEMPORARY SYIRKAH FUNDS Bank Mandiri Eng 31 Des 2016 Released Password Removed
» TEMPORARY SYIRKAH FUNDS continued
» Authorised, Issued and Fully Paid Capital
» SHARE CAPITAL continued a. Authorised, Issued and Fully Paid Capital continued
» SHARE CAPITAL continued a. Authorised, Issued and Fully Paid-in Capital continued
» Additional Paid-In CapitalShare Premium
» SHARE CAPITAL continued c. Distribution of net income continued
» INTEREST EXPENSE AND SHARIA EXPENSE OTHER OPERATING INCOME - OTHERS Year ended December 31,
» ALLOWANCE AND REVERSAL FOR IMPAIRMENT LOSSES Year ended December 31,
» UNREALISED GAINSLOSSES Bank Mandiri Eng 31 Des 2016 Released Password Removed
» GAIN ON SALE OF MARKETABLE SECURITIES AND GOVERNMENT BONDS Year ended December 31,
» SALARIES AND EMPLOYEE BENEFITS Year ended December 31,
» SALARIES AND EMPLOYEE BENEFITS continued
» GENERAL AND ADMINISTRATIVE EXPENSES Year ended December 31, EMPLOYEE BENEFITS
» EMPLOYEE BENEFITScontinued Pension Plan
» EMPLOYEE BENEFITS continued Pension Plan continued
» EMPLOYEE BENEFITS continued Pension Plan
» EMPLOYEE BENEFITScontinued Bank Mandiri Eng 31 Des 2016 Released Password Removed
» EMPLOYEE BENEFITS continued EMPLOYEE BENEFITS continued
» EMPLOYEE BENEFITS continued Labor Law No. 132003 continued
» NON-OPERATING EXPENSEINCOME - NET Year ended December 31,
» COMMITMENTS AND CONTINGENCIES continued
» FOREIGN CURRENCY TRANSACTIONS Bank Mandiri Eng 31 Des 2016 Released Password Removed
» RELATED PARTY TRANSACTIONS Bank Mandiri Eng 31 Des 2016 Released Password Removed
» RELATED PARTY TRANSACTIONS continued
» RELATED PARTY TRANSACTIONS continued RELATED PARTY TRANSACTIONS continued
» Liabilities RELATED PARTY TRANSACTIONS continued
» Temporary Syirkah Funds Note 38
» SEGMENT INFORMATION Bank Mandiri Eng 31 Des 2016 Released Password Removed
» SEGMENT INFORMATION continued Bank Mandiri Eng 31 Des 2016 Released Password Removed
» CAPITAL ADEQUACY RATIO Bank Mandiri Eng 31 Des 2016 Released Password Removed
» CAPITAL ADEQUACY RATIO continued
» CUSTODIAL SERVICES AND TRUST OPERATIONS
» CUSTODIAL SERVICES AND TRUST OPERATIONS continued
» CHANNELING LOANS Bank Mandiri Eng 31 Des 2016 Released Password Removed
» RISK MANAGEMENT Bank Mandiri Eng 31 Des 2016 Released Password Removed
» RISK MANAGEMENT continued Bank Mandiri Eng 31 Des 2016 Released Password Removed
» RISK MANAGEMENT continued RISK MANAGEMENT continued
» Integrated banking system agreement with vendor
» Legal matters Trade Financing with Asian Development Bank ADB
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