These financial statements are originally issued in Indonesian language
PT BANK DKI
NOTES TO THE FINANCIAL STATEMENTS Continued For the Years Ended December 31, 2006 and 2005
In Full Rupiah
44
DRAFT
For Discussion Purpose Only April 26, 2007
To be Finalized Agreed by
: Date
:
32. Commitments and Contingencies
As part of normal banking business, the Bank has commitments and contingencies that are not presented in the financial statements.
The following is a summary of the Bank’s commitments and contingencies at the equivalent Rupiah contractual amounts:
2006 2005
Rp Rp
Commitments Commitments Payable
Rupiah Unused Loan Facilities Granted
231,831,210,393 142,293,209,252
Foregn Currencies Outstanding Irrevocable LC
for Export and Import Purposes 17,157,488,520
-- Total Commitment Payables
248,988,698,913 142,293,209,252
Total Commitments-Net 248,988,698,913
142,293,209,252 Contingencies
Contingent Receivables Rupiah
Interest Receivables on Non Performing Loans 44,013,852,797
69,733,571,588 Others
18,292,581,904 10,992,975,187
Total Contingent Receivables 62,306,434,701
80,726,546,775
Contingent Payables Rupiah
Bank Guarantees 329,580,580,137
142,091,091,964 Foreign Currency
Bank Guarantees 51,346,098,663
15,126,376,254 Total Contingent Payables
380,926,678,800 157,217,468,218
Total Contingent - Net 318,620,244,099
76,490,921,443 Commitments and Contingencies-Net
567,608,943,012 218,784,130,695
For the year ended December 31, 2006, Bank has recorded estimated loss from commitments and contingencies amounted to Rp 6,299,153,778 2005: Rp 1,645,764,436.
Bank involved in various legal cases either as prosecutor or the party that is prosecuted by third parties as well as Bank’s asset. Significant legal cases per December 31, 2006 are as follows:
a. Rental of sub branch Tangerang;
b. Embezzlement of customers’ fund at sub branch Kalimalang by accused employees of the Bank;
c. Request from Djunaidy A former General Director of the Bank regarding employee service entitlement;
d. Request PT Alfa Karsa Persada as guarantor to PT Gelar Gatra Laras Contractor and Bank Bank
Guarantee Issuer. In relation to the above mentionned legal cases, the Bank has provided provision of nil as of December 31, 2006
2005: Rp 6,019,420,905. Management believes that the allowance for loss is adequate to cover the loss possibility of the uncollected
commitments and contingencies.
