PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS AT 31 DECEMBER 2010, 2009 AND 2008
Expressed in millions of Rupiah, unless otherwise stated
Appendix 549 5. PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS continued
a. By Type, Currency, Maturity and Bank Indonesia’s Collectibility: continued
31 December 2008
Maturity Current
Loss Total
Rupiah Bank Indonesia
1 month 13,650,642
- 13,650,642
Call Money 1 month
69,036 -
69,036 1 month 3 months
44,063 -
44,063 Time Deposit
1 month 256,050
- 256,050
1 month 3 months 36,300
- 36,300
Saving No maturity
1,107 -
1,107 Total Rupiah
14,057,198 -
14,057,198
Foreign currencies
Call Money 1 month
13,261,660 -
13,261,660 12 months
- 217,786
217,786 “Fixed-Term” Placement
1 month 2,196,350
- 2,196,350
1 month 3 months 548
- 548
6 months 12 months 49,493
- 49,493
12 months -
8,491 8,491
Total foreign currencies 15,508,051
226,277 15,734,328
Total 29,791,526
Less: Allowance for impairment losses 386,708
29,404,818
b. As at 31 December 2010, 2009 and 2008, there were no placements with related party.
c. Average Interest Rate yield per Annum:
2010 2009
2008
Rupiah 6.4 6
6.33 6.55
Foreign currencies 0.29
0.22 1.91
d. As at 31 December 2010, 2009 and 2008, there were no placements pledged as cash collateral. e.
Movements of allowance for impairment losses on placements with other banks:
2010 2009
2008
Balance at beginning of year 347,184
386,708 59, 200
Adjustment to opening balance relating to implementation of SFAS 55 Revised 2006 Note 49
108,175 -
- Reversalallowance during the year Note 38
63,286 18,868
323,475 Others
37,838 58,392
4,033 Balance at end of year
137,885 347,184
386,708
Includes effect of foreign currency translation.
Management believes that the allowance for impairment losses on placements with Bank Indonesia and other banks is adequate.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS AT 31 DECEMBER 2010, 2009 AND 2008
Expressed in millions of Rupiah, unless otherwise stated
Appendix 550 5. PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS continued
e. Movements of allowance for impairment losses on placements with other banks: continued
Bank Mandiri has a placement with a financial institution in liquidation, which was classified as loss or “impaired”. Bank Mandiri’s claims that have been approved by the Trustee based on the
creditors meeting on 5 November 2009 was amounting to EUR16,395,092 full amount for the placement. On 10 March 2010 and 24 November 2010, the Trustee has paid portion of the claims
interim distribution to Bank Mandiri, after a set-off with balance of demand deposit, inter-bank call money and LC UPAS obligation of a Subsidiary to the financial institution, so the balance of
Bank Mandiris placement on financial institutions in liquidation as at 31 December 2010 amounting to EUR5,815,120 full amount. As at 31 December 2010, Bank Mandiri has
established a reserve for impairment losses on the remaining outstanding balance on the financial institution.
As at 31 December 2009 and 2008, Bank Mandiri has a placement with a financial institution in liquidation amounting to Rp209,153 and Rp242,708, which was classified as loss. On the other
hand, the financial institution in liquidation has demand deposit and inter-bank call money in Bank Mandiri amounting to Rp14,050 and Rp16,431 as at 31 December 2009 and 2008 Note
21a and 22a. Bank Mandiri’s Subsidiary also has LC UPAS obligation that already due to this financial institution in liquidation amounting to USD8,054,248.50 full amount. Bank Mandiri’s
placement in this financial institution in liquidation as at 31 December 2009 and 2008 has been set-off against demand deposit and inter-bank call money of the financial institutions in
liquidation in Bank Mandiri and also with LC UPAS obligation of the Subsidiary as at 31 December 2009. The allowance for impairment losses has been provided based on the
difference between placement balance with the demand deposit and inter-bank call money in the Bank Mandiri as at 31 December 2009.
f. Information in respect of classification of “non-impaired” and “impaired” is disclosed in Note 56.
6. MARKETABLE SECURITIES
a. By Purpose and Related Parties and Third Parties:
2010 2009
2008
Related parties Note 50: Held to maturity
- 25,000
- -
25,000 -
Third parties: Fair value through profit or loss
17,687,892 13,432,182
20,328,692 Available for sale
5,504,534 327,875
475,092 Held to maturity
4,167,342 4,383,357
3,866,576 27,359,768
18,143,414 24,670,360
Total 27,359,768
18,168,414 24,670,360
Lessadd: Unamortised discounts
17,009 42,211
41,724 Unrealised gain on increase in fair value of
marketable securities 153,665
80,681 40,257
Allowance for impairment losses 248,895
53,492 44,046
112,239 15,022
45,513 27,247,529
18,153,392 24,624,847
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS AT 31 DECEMBER 2010, 2009 AND 2008
Expressed in millions of Rupiah, unless otherwise stated
Appendix 551 6. MARKETABLE SECURITIES continued
b. By Type, Currency and Bank Indonesia’s Collectibility:
31 December 2010
Cost Unamortised
Unrealised Fair ValueAmortised Cost
Nominal Discounts
Gains Value
Premiums Losses
Current Substandard
Loss Total
Rupiah: Fair value through profit or loss
Certificates of Bank Indonesia 17,398,516
- 108,796
17,507,312 -
- 17,507,312
Shares 92,243
- 1,833
90,410 -
- 90,410
Investments in mutual fund units 67,964
- 6,667
74,631 -
- 74,631
Bonds 69,169
- 374
69,333 -
210 69,543
Medium-term notes 60,000
- -
60,000 -
- 60,000
17,687,892 -
114,004 17,801,686
- 210
17,801,896 Available for sale
Investments in mutual fund units 5,021,883
- 35,071
5,056,954 -
- 5,056,954
Sharia Corporate bonds 80,000
- 3,420
83,420 -
- 83,420
Sharia mutual fund 25,000
- 1,233
26,233 -
- 26,233
Bonds 11,753
- 97
11,850 -
- 11,850
5,138,636 -
39,821 5,178,457
- -
5,178,457
-
Held to maturity Sharia Certificates of Bank Indonesia
1,250,000 -
- 1,250,000
- -
1,250,000 Sharia Corporate bonds
953,000 303
- 903,303
- 50,000
953,303 Bonds
516,000 16,636
- 413,695
- 85,669
499,364 Export bills
104,510 -
- 104,510
- -
104,510 Certificates of Bank Indonesia
20,000 379
- 19,621
- -
19,621 2,843,510
16,712 -
2,691,129 -
135,669 2,826,798
Total Rupiah 25,670,038
16 ,712 153,825
25,671,272 -
135,879 25,807,151
Foreign currencies: Available for sale
Export bills 199,610
- -
199,610 -
- 199,610
Floating rate notes 138,350
- 298
138,052 -
- 138,052
Bonds 27,938
- 138
28,076 -
- 28,076
365,898 -
160 365,738
- -
365,738 Held to maturity
Export bills 1,091,565
- -
1,091,565 -
- 1,091,565
Treasury bills 151,057
67 -
150,990 -
- 150,990
Bonds 63,190
470 -
63,660 -
- 63,660
Floating rate notes 18,020
700 -
17,320 -
- 17,320
-
1,323,832 297
- 1,323,535
- -
1,323,535 Total foreign currencies note 56e
1,689,730 297
160 1,689,273
- -
1,689,273 Total
27,359,768 17,009
153,665 27,360,545
- 135,879
27,496,424 Less: Allowance for impairment losses
248,895
Net 27,247,529
Held to maturity securities are stated at nominal value. Held to maturity securities are stated at amortised cost.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS AT 31 DECEMBER 2010, 2009 AND 2008
Expressed in millions of Rupiah, unless otherwise stated
Appendix 552 6. MARKETABLE SECURITIES continued
b. By Type, Currency and Bank Indonesia’s Collectibility continued:
31 December 2009
Cost Unamortised
Unrealised Fair ValueBook Value
Nominal Discounts
Gains Value
Premiums Losses
Current Substandard
Loss Total
Rupiah: Fair value through profit or loss
Certificates of Bank Indonesia 11,606,367
- 67,695
11,674,062 -
- 11,674,062
Bonds 1,651,777
- 13,942
1,665,453 -
266 1,665,719
Investments in mutual fund units 153,495
- 5,254
158,749 -
- 158,749
Shares 20,543
- 6,166
14,377 -
- 14,377
13,432,182 -
80,725 13,512,641
- 266
13,512,907 Available for sale
Sharia mutual fund 8,000
- 1,854
9,854 -
- 9,854
Investments in mutual fund units 6,675
- 298
6,377 -
- 6,377
14,675 -
1,556 16,231
- -
16,231 Held to maturity
Sharia Certificates of Bank Indonesia 1,915,000
- -
1,915,000 -
- 1,915,000
Sharia Corporate bonds 970,500
241 -
920,741 50,000
- 970,741
Bonds 571,000
24,979 -
460,264 85,757
- 546,021
Certificates of Bank Indonesia 62,000
248 -
61,752 -
- 61,752
Export bills 54,686
- -
54,686 -
- 54,686
3,573,186 24,986
- 3,412,443
135,757 -
3,548,200 Total Ru piah
17,020,043 24,986
82,281 16,941,315
135,757 266
17,077,338 Foreign currencies:
Available for sale Export bills
211,727 -
- 211,727
- -
211,727 Floating rate notes
54,187 -
1,978 52,209
- -
52,209 Bonds
47,286 -
378 47,664
- -
47,664 313,200
- 1,600
311,600 -
- 311,600
Held to maturity Export bills
399,117 -
- 399,117
- -
399,117 Bonds
208,014 344
- 180,179
28,179 -
208,358 Treasury bills
134,090 28
- 134,062
- -
134,062 Floating rate notes
93,950 17,541
- 76,409
- -
76,409 835,171
17,225 -
789,767 28,179
- 817,946
Total foreign currencies 1,148,371
17,225 1,600
1,101,367 28,179
- 1,129,546
Total 18,168,414
42,211 80,681
18,042,682 163,936
266 18,206,884
Less: Allowance for impairment losses 28,636
24,590 266
53,492
Net 18,014,046
139,346 -
18,153,392
Held to maturity securities are stated at nominal value. Held to maturity securities are stated at book value.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS AT 31 DECEMBER 2010, 2009 AND 2008
Expressed in millions of Rupiah, unless otherwise stated
Appendix 553 6. MARKETABLE SECURITIES continued