These consolidated financial statements are originally issued in Indonesian language.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Year Ended December 31, 2006 With Comparative Figures For 2005
Expressed in millions of Rupiah, unless otherwise stated
58
11. LOANS continued
B. Significant information related to loans: continued p. On December 22, 2006, the Bank held Extraordinary Shareholder’s General Meeting RUPS-LB, the
shareholders agreed to approve the Directors’ actions to accelerate the process of resolving non- performing loans through Bank Mandiri’s Loss Rated Loans Settlement Program PPKM Mandiri, in
order to regain the status of well-performing bank as required by Bank Indonesia, by granting the Directors authorization to:
x Perform transfer including release of right and or sale of problem loans under principal value to investor, with write-off loans limit in the amount of the difference between principal value and
transfer value, as determined by the RUPS from time to time. x Utilize the write-off limit on loss loan principal written-off as approved by RUPSLB on September
29, 2003 and RUPSLB on December 21, 2005 with total amount of Rp5 trillion, in order to optimize the Bank’s assets including loans, by performing loan disposal on loss loan principal and
or loan disposal on difference of principal value and transfer value, including PPKM Mandiri. x Enter into Management Performance Contract with the Government as the execution of Joint
Decree between Coordinating Ministry of the Economy, Ministry of Finance, Ministry of State- Owned Enterprises, Governor of Bank Indonesia regarding Financial Sector Policy Package
dated July 5, 2006. The resolution was documented in the Notarial deed of Minutes of Meeting of Ny. Poerbaningsih Adi
Warsito, S.H. No. 64 dated December 22, 2006. The copy of the notarial is still in the finalization process.
q. The Bank has adjusted the collectibility of several debtors as of December 2006 based on subsequent event transaction on the payment of principal and interest in January 2007.
12. ACCEPTANCES RECEIVABLE
a By Currency, Related Parties and Third Parties:
2006 2005
Rupiah: Receivables from other banks
Related parties Note 47 769
552 Third parties
20,708 12,718 Receivables from debtors
Third parties 290,583 175,065
Total Rupiah 312,060 188,335
Foreign Currency: Receivables from other banks
Third parties 38,450 38,487
Receivables from debtors Third parties
3,257,883 4,092,280 Total Foreign Currency
3,296,333 4,130,767
Total 3,608,393 4,319,102
Less: Allowance for possible losses 155,223
429,092 3,453,170 3,890,010
These consolidated financial statements are originally issued in Indonesian language.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Year Ended December 31, 2006 With Comparative Figures For 2005
Expressed in millions of Rupiah, unless otherwise stated
59
12. ACCEPTANCES RECEIVABLE continued
