QuarterlyFinancials updates 4162016Q12016 Mei English

CONSOLIDATED FINANCIAL STATEMENTS
PT Bank Mandiri (Persero) Tbk. & Subsidiaries
STATEMENT OF FINANCIAL POSITION

STATEMENT OF INCOME AND OTHER COMPREHENSIVE

As of March 31, 2016 and December 31, 2015

(In Millions of Rupiah)
BANK

No.

DESCRIPTION

31 March 2016
(Audited)

For the Year Ended March 31, 2016 and 2015

31 December 2015

(Audited)

31 March 2016
(Audited)

BANK

No.

31 December 2015
(Audited)

6.
7.
8.
9.

10.
11.
12.

13.
14.

15.
16.
17.

18.
19.
20.
21.

Cash
Placements with Bank Indonesia
Placements with other banks
Spot and derivative receivables
Securities
a. Fair value through profit/loss
b. Available for sale
c. Held to maturity ***)

d. Loans and receivables
Securities sold under repurchase agreements (Repo)
Securities purchased under resell agreements (Reverse Repo)
Acceptances receivables
Loans
a. Fair value through profit/loss
b. Available for sale
c. Held to maturity
d. Loans and receivables
Consumer financing receivables
Sharia financing
Investments in shares
Policy holder's investment in Unit Link Contract
Allowance for impairment on financial assets -/a. Securities
b. Loans
c. Others
Intangible assets
Accumulated amortisation for intangible assets -/-   
Premises and equipment
Accumulated depreciation for premises and equipment -/Non earning assets

a. Abandoned properties
b. Repossessed assets
c. Suspense account
d. Inter office assets
i. Operational activities conducted in Indonesia
ii. Operational activities conducted outside Indonesia
Allowance for impairment on non financial assets -/Lease financing
Deferred tax assets
Other assets
TOTAL ASSETS

14.
15.
16.
17.

18.

19.


20.

21.
22.
23.
24.

25.

26.

DESCRIPTION

31 March 2016
(Audited)

As of March 31, 2016 and 2015

31 March 2015
(Reviewed)


31 March 2016
(Audited)

16,808,395
84,788,295
18,517,397
571,818

23,118,246
77,227,592
16,161,252
702,877

18,439,929
92,207,830
23,254,162
571,818

25,109,124

83,452,384
20,405,181
703,186

COMPONENTS OF CAPITAL

31 March 2015
(Reviewed)

I. CORE CAPITAL (TIER 1)
1. Core Capital (Common Equity Tier 1)
1.1 Paid-in Capital
1.2 Disclosed Reserves
1.2.1 Additional paid-in capital
1.2.2 Contributed capital
1.2.3 General reserves
1.2.4 Previous years profit/loss
1.2.5 Current year profit/loss
1.2.6 Excess translation adjustment of financial statement
1.2.7 Fund for paid-up capital

1.2.8 Warrant issued
1.2.9 Stock option issued related to stock compensation program
1.2.10 Other comprehensive income
1.2.11 Fixed assets revaluation surplus
1.2.12 Difference in allowance for possible losses and allowance for
impairment on earning assets
1.2.13 Allowance for impairment on non earning assets which shall
be calculated
1.2.14 Difference in adjusment amounts from fair value of financial
assets in trading book
1.3 Non Controlling Interest
1.4 Deduction
1.4.1 Deffered tax
1.4.2 Goodwill
1.4.3 Other intangible assets
1.4.4 Investments in shares
1.4.5 Shortfall of capital on insurance subsidiaries
1.4.6 Securitisation exposure
1.4.7 Other deduction core capital
1.4.8 Investment in AT 1 and Tier 2 instruments in other banks


2,978,798
86,601,583
18,621,527
2,962,859
15,895,349
11,539,905

2,525,862
84,299,093
25,267,020
5,342,711
11,331,273

22,936,443
89,195,453
28,920,167
2,962,857
16,339,258
11,539,905


20,979,816
86,600,853
34,467,541
5,342,711
676,900
11,331,273

513,809,969
5,694,176
-

536,029,812
5,354,140
-

564,705,166
9,375,682
151,277
-


586,675,437
8,178,063
58,644
-

(58,566)
(21,915,488)
(2,087,673)
3,088,253
(1,810,556)
15,382,003
(6,705,024)

(133,392)
(20,470,785)
(1,928,050)
3,109,126
(1,733,034)
15,352,695
(6,443,338)

(210,843)
(23,785,355)
(2,415,115)
3,788,654
(1,966,984)
17,526,708
(8,032,957)

(285,317)
(22,281,842)
(2,215,456)
3,793,181
(1,877,989)
17,470,126
(7,708,438)

150,039
19,815
1,186,659

150,039
19,815
573,821

150,272
21,414
1,186,659

150,272
21,414
573,821

(20,120,613)
20,195,564
(307,208)
3,800,630
29,124,700
798,732,606

(19,487,387)
19,567,324
(309,964)
4,318,681
27,605,683
807,551,112

(20,120,613)
20,195,564
(308,147)
623,102
4,318,147
35,168,954
906,739,407

(19,487,387)
19,567,324
(310,903)
604,150
4,834,522
33,234,818
910,063,409

152,367,811
224,079,493
213,917,794
25,856,748
226,080
2,562,111
11,539,905
564
32,423,840
1,521,978

166,404,947
246,324,710
200,431,272
12,440,574
303,547
4,863,171
11,331,273
564
33,686,787
1,863,755

157,768,621
248,756,528
248,537,988
26,331,500
226,080
2,562,111
11,539,905
2,320,779
37,657,277
1,521,978

172,165,990
271,707,530
232,513,741
12,951,692
303,661
4,863,171
11,331,273
2,320,975
37,504,851
1,863,755

A. Interest and Sharia Income, Interest and Sharia Expenses, and Premium Income and Claim Expenses
1. Interest and Sharia Income
a. Rupiah
b. Foreign currencies
2. Interest and Sharia Expenses
a. Rupiah
b. Foreign currencies
Net Interest Income and Sharia Income (Expenses)
3. Premium Income
4. Claim Expenses
Net Premium Income (Claim Expenses)
Net Interest and Sharia Income (Expenses), and Net Premium Income
(Claim Expenses)

LIABILITIES
Demand deposits **)
Savings deposits **)
Time deposits **)
Investment fund - revenue sharing
Fund from Bank Indonesia
Fund from other banks **)
Spot and derivative liabilities
Securities sold under repurchase agreements (Repo)
Acceptances liabilities
Securities issued
Fund borrowings
Margin deposits received
Inter office liabilities
a. Operational activities conducted in Indonesia
b. Operational activities conducted outside Indonesia
Deferred tax liabilities
Liability to Unit Link Holders
Other liabilities
Investment fund - profit sharing
TOTAL LIABILITIES
EQUITY
Share capital
a. Authorised capital
b. Unpaid-in capital-/-   
c. Treasury stock -/-    
Additional Paid-in Capital
a. Agio
b. Disagio -/c. Donated capital
d. Funds for paid-up capital
e. Others
Other comprehensive income (losses)
a. Adjustment arising from translation of financial statement
b. Gain (Losses) from changes of financial assets on available for sale
c. Effective cash flow hedges
d. Premises and equipment revaluation increment
e. Other comprehensive income from entity associations
f. Gain (Losses) from actuarial benefit program
g. Income tax related to other comprehensive income
h. Others
Difference arising from quasi reorganisation
Difference arising from restructuring value of transaction of entities under common control
Other equity
Reserve
a. General reserve
b. Appropriated reserve
Retained Earning
a. Previous years *)
b. Current year
TOTAL EQUITY ATTRIBUTABLE TO OWNER
Non controlling interest
TOTAL EQUITY
TOTAL LIABILITIES AND EQUITY

18,154,547
695,805,147

23,206,827
687,703,151

16,000,000
(4,333,333)
-

16,000,000
(4,333,333)
-

16,000,000
(4,333,333)
-

1. Other Operating Income
a. Increase in fair value of financial assets
i. Securities
ii. Loans
iii. Spot and derivative
iv. Other financial assets
b. Decrease in fair value of financial liabilities
c. Gain from sale of financial assets
i. Securities
ii. Loans
iii. Other financial assets
d. Gain from spot and derivative transaction (realised)
e. Dividend
f. Gain from investment in shares with equity method
g. Comissions/provisions/fees and administrative
h. Recovery on allowance for impairment
i. Other income
2. Other Operating Expenses
a. Decrease in fair value of financial assets
i. Securities
ii. Loans
iii. Spot and derivative
iv. Other financial assets
b. Increase in fair value of financial liabilities
c. Losses from sale of financial assets
i. Securities
ii. Loans
iii. Other financial assets
d. Losses from spot and derivative transaction (realised)
e. Impairment for financial assets
i. Securities
ii. Loans
iii. Sharia financing
iv. Other financial assets
f. Losses related to operational risk
g. Losses from investment in shares under equity method
h. Comissions/provisions/fees and administrative
i. Impairment on non financial assets
j. Salaries and employee benefits
k. Promotion expenses
l. Other expenses
Other Operating Income (Expenses)
PROFIT (LOSS) FROM OPERATIONS

17,476,308
-

17,316,192
-

17,316,192
-

59,040
(456,686)
296,521
93,860
-

69,774
(1,901,815)
308,294
317,660
-

207,978
(317,395)
333,493
(41,415)
(92,751)

242,807
(1,815,490)
343,636
184,511
(92,751)

2,333,333
9,299,632

2,333,333
7,022,115

2,333,333
9,299,632

2,333,333
7,022,115

66,075,622
4,185,158
111,029,455
111,029,455
798,732,606

54,349,199
20,104,430
111,745,965
111,745,965

71,491,263
3,816,955
116,013,952
2,033,306
118,047,258

59,534,302
20,334,968
117,070,290
2,421,551
119,491,841

807,551,112

906,739,407

910,063,409

18,307,758
16,883,970
1,423,788
5,976,464
5,553,848
422,616
12,331,294
2,346,596
1,640,788
705,808

17,117,069
15,966,890
1,150,179
6,853,114
6,471,051
382,063
10,263,955
2,456,552
1,775,860
680,692

10,899,470

9,025,854

13,037,102

10,944,647

4,431,536

4,175,942

4,276,512

3.960,039

1,341
367,618
-

2,223
319,442
-

57,522
367,618
-

66,430
319,442
-

132,717
41,651
701,545
2,366,845
73,920
745,899

145,506
62,297
717,799
2,139,463
81,812
707,400

145,514
49,152
2,538,995
73,920
1,043,791

163,607
68,359
579
2,359,794
82,625
899,203

10,255,993

6,473,337

12,242,517

8,113,330

-

-

-

-

-

-

-

-

1,
2.
3.

Gain (Losses) from sale of premises and equipment
Gain (Losses) from foreign currencies translation
Other non operating income (expenses)

11,444
4,020,738
215,396
11,684
183,791
123
2,610,150
228,535
2,974,132
(5,824,457)

1,229,114
126,839
2,152
188,995
2,253,955
120,377
2,551,905
(2,297,395)

11,796
4,312,270
330,131
11,684
183,791
4,249
3,318,075
258,806
3,811,715
(7,966,005)

1,444,081
185,829
2,152
188,995
2,874,900
147,500
3,269,873
(4,153,291)

5,075,013

6,728,459

5,071,097

6,791,356

3,396

(4,841)

2,398

(620)
5,074,393

3,396
6,731,855

(4,841)
5,066,256

2,398
6,793,754

(594,984)
(294,251)

(854,685)
(393,931)

(733,837)
(305,214)

(1,004,647)
(419,241)

4,185,158

5,483,239

4,027,205

5,369,866

(11,775)
2,355

(6,800)
-

(10,634)
2,069

(6,800)
-

(10,734)
1,445,131
(226,155)

2,659
432,659
(86,532)

(34,866)
1,521,350
(229,464)

36,960
440,419
(88,084)

Other comprehensive income current years after income tax - net

1,198,822

341,986

1,248,455

382,495

TOTAL OTHER COMPREHENSIVE INCOME CURRENT PERIOD

5,383,980

5,825,225

5,275,660

5,752,361

Income atributtable to :
Parent Company
Non controlling interest
TOTAL INCOME CURRENT PERIOD

4,185,158
4,185,158

5,483,239
5,483,239

3,816,955
210,250
4,027,205

5,138,332
231,534
5,369,866

341,986
341,986

1,227,197
21,258
1,248,455

382,495
382,495

5,825,225
5,825,225

5,044,152
231,508
5,275,660

5,520,827
231,534
5,752,361

PROFIT (LOSS) AFTER INCOME TAX - NET

2.

*) Accumulated losses of Rp162,874,901 million has been eliminated against additional paid-in capital through quasi-reorganisation as of April 30, 2003.
**) Consolidated balance includes temporary syirkah funds from Subsidiary.
***) Including Securities owned by Subsidiary which classified "At Cost", accordance with SFAS 110 "Accounting for Sukuk", which was effective since January 1, 2012.

BANK

98,642,112

82,041,600
82,041,600
11,666,667
79,309,065
17,476,308
2,333,333
54,349,199
5,483,239
100,851
(213,140)
-

31 March 2016 (Audited)

-

-

-

(233,646)

(233,787)

(10,725,811)
(3,800,630)
(1,277,697)
(5,647,484)
-

299,329
(7,961,164)
(4,110,584)
(117,741)
(1,384,497)
(2,348,342)
-

(220,725)
(8,934,132)
(3,322,862)
(1,019,000)
(4,592,270)
-

13,766
(6,929,438)
(3,545,009)
(117,741)
(1,126,786)
(2,139,902)
-

-

-

-

-

16,040,708

16,678,524

14,177,017

14,732,993

695,856
6,045,220
9,299,632
-

695,856
6,683,036
9,299,632
-

1,416,172
5,738,730
7,022,115
96,218,617

1,416,172
6,294,706
7,022,115
-

115,320,636

BANK

CONSOLIDATED

BANK

CONSOLIDATED

534,642,852
1,363,552
107,636,532
643,642,936
9.00%

459,098,366
930,794
78,491,065
538,520,225
9.00%

503,576,441
1,237,987
96,538,932
601,353,360
9.00%

6.22%

6.41%

From AT 1

0.00%

0.00%

From Tier 2

2.78%

2.59%

OTHER COMPREHENSIVE INCOME
Unreclassified to profit (loss)
a. Premises and equipment revaluation increment
b. Gain (losses) from actuarial benefit program
c. Other comprehensive income from entity associations
d. Others
e. Income tax related to other comprehensive income
Reclassified to profit (loss)
a. Adjustment arising from translation of financial statement
b. Gain (Losses) from changes of financial assets on available for sale
c. Effective cash flow hedges
d. Others
e. Income tax related to other comprehensive income

Total other comprehensive income atributtable to :
Parent Company
Non controlling interest
TOTAL OTHER COMPREHENSIVE INCOME CURRENT PERIOD

1,198,822

Total comprehensive income atributtable to :
Parent Company
Non controlling interest
TOTAL COMPREHENSIVE INCOME CURRENT PERIOD

5,383,980

1,198,822

5,383,980

TRANSFER OF INCOME (LOSSES) TO HEAD OFFICE
DIVIDEND

-

-

CAR
CET 1 Ratio
Tier 1 Ratio
Tier 2 Ratio
Total Ratio
CET 1 for Buffer

BANK

CONSOLIDATED

BANK

15.70%
15.70%
2.78%
18.48%
1.25%

15.33%
15.33%
2.59%
17.92%
1.25%

15.23%
15.23%
2.63%
17.87%

EARNING PER SHARE

-

-

-

-

-

163.58

14.83%
14.83%
2.45%
17.28%

0.625%

0.625%

0.00%

0.00%

0.625%

0.625%

STATEMENT OF COMMITMENTS AND CONTINGENCIES
(In Millions of Rupiah)
BANK
No.

DESCRIPTION

31 March 2016

I. COMMITMENT RECEIVABLES
1. Unused fund borrowings facilities
a. Rupiah
b. Foreign currencies
2. Outstanding purchase position on spot and derivative
3. Others
II. COMMITMENT PAYABLES
1. Unused loan facilities granted to customer
a. BUMN
i. Committed
- Rupiah
- Foreign currencies
ii. Uncommitted
- Rupiah
- Foreign currencies
b. Others
i. Committed
ii. Uncommitted
2. Unused loan facilities granted to other banks
a. Committed
i. Rupiah
ii. Foreign currencies
b. Uncommitted
i. Rupiah
ii. Foreign currencies
3. Outstanding irrevocable letters of credit
a. Foreign letters of credit
b. Local letters of credit
4. Outstanding sales position on spot and derivative
5. Others
III. CONTINGENT RECEIVABLES
1. Guarantees received
a. Rupiah
b. Foreign currencies
2. Unrecognized interest income
a. Interest loan
b. Others interest
3. Others
IV. CONTINGENT PAYABLES
1. Guarantees issued
a. Rupiah
b. Foreign currencies
2. Others

220.22

STATEMENTS OF ASSETS' QUALITY AND OTHER INFORMATION
As of March 31, 2016 and 2015

CONSOLIDATED

Buffer percentage that must be fulfilled by bank
Capital
conservation
buffer
Countercyclical
buffer
Capital
surcharge
for D-SIB

(Audited)

-

103,886,074

Description 31 March 2016 (Audited) 31 March 2015 (Reviewed)

31 March 2015 (Reviewed)

483,617,562
1,051,098
92,008,869
576,677,529
9.00%

From CET 1

89,153,081
89,153,081
11,666,667
84,402,086
17,316,192
2,333,333
59,719,328
5,138,332
240,586
(111,898)
-

-

106,593,030

III. TOTAL CORE CAPITAL AND SUPPLEMENTAL CAPITAL (I + II)

CONSOLIDATED

(232,707)

II. SUPPLEMENTAL CAPITAL (TIER 2)
1. Capital Instrument in the form of Stock or others which comply
with regulations
2. Additional paid-in capital
3. General provison on earning assets (max. 1.25% RWA)
4. Specific reserves
5. Deduction supplemental capital (Tier 2)
5.1 Sinking Fund
5.2 Investment in Tier 2 instruments in other banks

RISK WEIGHTED ASSETS
CREDIT RISK
MARKET RISK
OPERATIONAL RISK
TOTAL RISK
CAR BASED ON RISK PROFILE

98,642,112
11,666,667
94,637,280
17,316,192
2,333,333
71,491,263
3,816,955
207,978
(294,795)
-

As of March 31, 2016 and December 31, 2015

Income tax expenses
a. Estimated current tax
b. Deffered tax income (expenses)

1.

CONSOLIDATED

KPMM Allocation

(620)

PROFIT (LOSS) FROM NON OPERATING
PROFIT (LOSS) CURRENT YEAR BEFORE TAX

BANK
90,552,322
90,552,322
11,666,667
89,611,466
17,476,308
2,333,333
66,075,622
4,185,158
59,040
(285,288)
-

2. Additional Tier 1
2.1 Instrument of AT1
2.2 Additional paid-in capital
2.3 Investment in AT 1 and Tier 2 instruments in other banks

NON OPERATING INCOME AND EXPENSES

16,000,000
(4,333,333)
-

17,476,308
-

15,059,471
13,971,029
1,088,442
6,033,617
5,652,949
380,668
9,025,854
-

B. Other Operating Income and Expenses

17,019,049
26,025,880
790,571,568

18,348,255
33,121,127
788,692,149

16,050,105
14,695,279
1,354,826
5,150,635
4,731,387
419,248
10,899,470
-

(In Millions of Rupiah)
31 March 2015 (Reviewed)

31 March 2016 (Audited)

CONSOLIDATED

OPERATING INCOME AND EXPENSES

LIABILITIES AND EQUITY
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.

STATEMENT OF CALCULATION OF CAPITAL ADEQUACY RATIO COMMERCIAL BANK

(In Millions of Rupiah)

CONSOLIDATED
(dalam Jutaan Rupiah)

ASSETS
1.
2.
3.
4.
5.

Leading, Trusted. Enabling growth.

(In Millions of Rupiah)

CONSOLIDATED
31 Dec 2015
(Audited)

31 March 2016
(Audited)

31 Dec 2015
(Audited)

3,978,000
893,343
-

4,135,500
1,078,194
-

3,978,000
893,343
-

4,135,500
1,078,194
-

7,638,473
804,463

9,050,393
479,761

7,638,473
804,463

9,050,393
479,761

10,858,127
1,064,738

13,272,271
2,849,730

10,858,127
1,064,738

13,272.271
2,849,730

22,260,378
61,594,233

19,669,309
59,417,877

22,260,456
62,893,056

19,669,811
59,934,634

124,435
-

80,053
-

124,435
-

80,053
-

2,000
-

2,000
-

2,000
-

2,000
-

8,155,995
2,270,789
726,675
-

7,779,251
3,112,079
462,558
-

8,155,995
2,270,789
726,675
-

7,812,509
3,112,079
462,558
-

793,204
14,627,708

831,441
18,974,250

795,447
14,914,555

833,784
19,187,779

8,080,094
51,949
32,729

7,933,487
51,949
32,729

8,086,370
1,628,285
32,729

7,939,596
1,527,323
32,729

34,680,727
39,739,132
440,145

38,889,327
47,965,496
432,992

34,826,403
40,402,024
440,145

39,048,742
48,198,074
432,992

BANK
No.

DESCRIPTION

31 March 2016 (Audited)
Current

I

Special Mention

Sub Standard

31 March 2015 (Reviewed)

Doubtful

Loss

Total

Current

Special Mention

Sub Standard

Doubtful

Loss

STATEMENT OF CASH FLOW

Total

For the Period Ended March 31, 2016 and 2015

RELATED PARTIES

1. Placements with other banks
a. Rupiah
b. Foreign currencies
2. Spot and derivative receivables
a. Rupiah
b. Foreign currencies
3. Securities
a. Rupiah
b. Foreign currencies
4. Securities sold under repurchase agreements
(Repo)
a. Rupiah
b. Foreign currencies
5. Securities purchased under resell agreements
(Reverse Repo)
a. Rupiah
b. Foreign currencies
6. Acceptances receivables
7. Loans
a. Micro, small and medium loans (UMKM)
i. Rupiah
ii. Foreign currencies
b. Non UMKM
i. Rupiah
ii. Foreign currencies
c. Restructured loans
i. Rupiah
ii. Foreign currencies
d. Property loans
8. Investments in shares
9. Temporary investment
10. Other Receivables
11. Commitments and contingencies
a. Rupiah
b. Foreign currencies
12. Repossessed assets
II. THIRD PARTIES
1. Placements with other banks
a. Rupiah
b. Foreign currencies
2. Spot and derivative receivables
a. Rupiah
b. Foreign currencies
3. Securities
a. Rupiah
b. Foreign currencies
4. Securities sold under repurchase agreements
(Repo)
a. Rupiah
b. Foreign currencies
5. Securities purchased under resell agreements
(Reverse Repo)
a. Rupiah
b. Foreign currencies
6. Acceptances receivables
7. Loans
a. Micro, small and medium loans (UMKM)
i. Rupiah
ii. Foreign currencies
b. Non UMKM
i. Rupiah
ii. Foreign currencies
c. Restructured loans
i. Rupiah
ii. Foreign currencies
d. Property loans
8. Investments in shares
9. Temporary investment
10. Other Receivables
11. Commitments and contingencies
a. Rupiah
b. Foreign currencies
12. Repossessed assets

22
1,227,641
377,150
3,134,884

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,756
1,756
13,763,097
4,290,598
9,472,499
9,016
5,024,629
268,918

1,075
1,075
361
-

3,087,178
4,773,529
-

142
-

642,227
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

791
791
-

-

-

305,672
126,658

377,150
-

-

3,134,884

9,637

1,756
1,756
13,764,172
4,291,673
9,472,499
9,377
5,692,047
268,918

2,441
2,441
11,685,163
3,746,418
7,938,745
9,822
4,027,729
32,011

-

3,087,320
4,773,529
-

738,230
6,077,750
-

202
-

-

-

-

22
1,749,725

561,227
-

9,637
2,441
2,441
11,685,954
3,747,209
7,938,745
9,822
4,614,147
32,011
738,432
6,077,750
-

-

-

-

-

14,313,034
44,410,170

21,643,396
37,400,006

-

-

-

570,241
1,577

-

-

-

-

570,241
1,577

121,965
6,896

-

-

-

77,552,947
30,271,811

-

-

-

-

77,552,947
30,271,811

86,304,711
25,031,634

-

-

-

2,962,859
-

-

-

-

-

2,962,859
-

5,080,480
-

-

-

-

-

5,080,480
-

-

-

15,895,349
8,405,021

4,330,250
19,114,124

546,353

-

-

-

4,330,250
19,660,477

49,291

Receipts from interest income and sharia income
Receipts from fees, commissions and premium - net
Payments of interest expense and sharia expenses
Receipts from the sale of government bonds fair value through profit or loss
Acquisition of government bonds - fair value through profit or loss
Foreign exchange gains/ (losses) - net
Other operating income - others
Other operating expenses - others
Salaries and employee benefits
General and administrative expenses
Non operating income - net
Payment of corporate income tax
Cash flow from operating activities before changes in
operating assets and liabilities
Decrease/(increase) in operating assets:
Placements with Bank Indonesia and other banks
Marketable securities - Fair value through profit or loss
Other receivables - trade transactions
Loans
Securities purchased under resale agreements
Consumer financing receivable
Net investment in finance leases
Prepaid taxes
Prepaid expense
Other assets
Proceeds from collection of financial assets already written - off
Increase/(decrease) in operating liabilities and temporary syirkah funds:
Conventional Banking
Demand deposits
Saving deposits
Time deposits
Inter-bank call money
Obligation due immediately
Liability to unit - linked policyholders
Other taxes payable
Other liabilities
Sharia Banking - temporary syirkah funds
Demand deposits - restricted investment and demand deposit mudharabah musytarakah
Saving deposits - restricted investment and mudharabah
saving deposits - unrestricted investment
Mudharabah time deposits - unrestricted investment

305,672
126,658

25,191
-

-

-

-

14,313,034
44,360,879

45,891

21,643,396
37,445,897
121,965
6,896

-

86,391,711
25,031,634

87,000
-

15,895,349
8,351,337

13,408

40,276

64,503,011
64,194,132
308,879
394,389,247
325,057,299
69,331,948
13,484,516
8,388,313
5,096,203
35,654,940
1,955
13,083,703

6,089,619
6,089,619
20,179,787
16,656,275
3,523,512
9,742,736
6,787,908
2,954,828
3,356,273
618,384

572,638
572,638
2,597,401
2,535,686
61,715
951,357
889,711
61,646
88,852
2,711

856,659
856,659
1,246,726
1,225,289
21,437
684,979
663,542
21,437
72,138
-

2,614,138
2,614,138
6,994,815
5,863,870
1,130,945
3,389,440
3,008,943
380,497
416,823
174
1,116,900

74,636,065
74,327,186
308,879
425,407,976
351,338,419
74,069,557
28,253,028
19,738,417
8,514,611
39,589,026
1,955
174
14,821,698

63,930,518
63,596,910
333,608
371,089,785
311,538,207
59,551,578
6,003,296
3,062,532
2,940,764
24,682,209
1,955
12,477,804

5,515,243
5,508,740
6,503
17,590,773
13,448,236
4,142,537
6,529,338
4,488,690
2,040,648
3,609,492
655,679

399,090
399,090
940,963
326,566
614,397
558,429
117,066
441,363
87,662
57,143

790,125
790,125
515,518
515,518
121,671
121,671
112,896
236
-

1,759,702
1,759,702
4,299,607
3,369,978
929,629
1,192,608
811,374
381,234
354,418
1,054,218

72,394,678
72,054,567
340,111
394,436,646
329,198,505
65,238,141
14,405,342
8,601,333
5,804,009
28,846,677
1,955
236
14,244,844

124,490,043
55,581,621
-

671,917
460,232
-

67,171
18,059
-

9,050
-

27,852
6,696
19,815

125,266,033
56,066,608
19,815

105,653,412
62,775,811
-

501,446
559,174
-

1,801
4,662
-

1,386
79
-

29,192
139
19,815

106,187,237
63,339,865
19,815

Net cash provided by operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Increase in marketable securities - Available for sale and Held
to maturity
Increase in Government Bonds - Available for sale and Held
to maturity
Proceeds from sale of fixed assets
Acquisition of fixed assets
Sales/(acquisition) of intangible assets
Net cash used in investing activities

1. Value of bank's assets pledge as collateral :
a. To Bank Indonesia
b. To others
2. Total allowance for impairment on financial assets to earning assets
3. Total required allowance for possible losses on earning assets
4. Percentage of UMKM loans to total loans
5. Percentage of UMK loans to total loans
6. Percentage of UMKM debtors to total debtors
7. Percentage of UMK debtors to total debtors
8. Others
a. Channelling of loans
b. Mudharabah Muqayyadah financing
c. Write off on earning assets
d. Recovery of write off on earning assets
e. Write off on earning assets with elimination of right to collect

24,061,727
19,141,785
14.53%
6.61%
26.79%
25.43%

18,512,971
14,635,618
14.59%
6.41%
22.37%
20.93%

385,342
2,316,245
570,591
-

8,981,308
949,333
553,850
-

ALLOWANCES FOR IMPAIRMENT
(In Millions of Rupiah)
31 March 2016 (Audited)
No

DESCRIPTION

Allowance for Impairment

Individual
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.

Placements with other banks
Spot and derivative receivables
Securities
Securities sold under repurchase agreements
(Repo)
Securities purchased under resell agreements
(Reverse Repo)
Acceptances receivables
Loans
Investments in shares
Temporary invesment
Other Receivables
Commitments and contingencies

Collective

General

Specific

Allowance for Impairment

Individual Collective

49,291

26,031

184,681

49,291

45,891

40,903

213,430

48,467

10,099

5,631
200,839

-

118,222

8,183

1,226
190,767

-

-

-

-

-

-

-

-

-

34,436
8,270,574
-

114,862
4,726,571
73

6,712 148,289
12,449,675 9,070,614
26,385
121,525

111,502
7,265,175
-

12,952

-

45,883

133,526

118
174
1,148,225 1,646,136

31,553

191,238
4,467,079
72
-

27,318
8,068,480
109,375
118

125,098

1,095,574

16,870

842,733

92,468

28,842

842,904

60,599

198,869
13,644,914
44,119
174
1,688,870
269,350

56,663

As of March 31, 2016
No.

Specific
45,891
-

TRANSACTION

(In Millions of Rupiah)

NOTIONAL AMOUNT

Type
Trading

A.
1.
2.
3.

87,000
4.
5.
6.
B.
1.
2.

3.
4.
5.
C.

EXCHANGE RATE RELATED
Spot
Forward
Option
a. Written
b. Purchased
Future
Swap
Others
INTEREST RATE RELATED
Forward
Option
a. Written
b. Purchased
Future
Swap
Others
OTHERS

5,533,636
225,819

321,654
6,383,587

8,694
240,694

43,284,625
-

39,904,382
-

3,380,243
-

316,228
-

-

-

-

-

31,512,657
-

45,663,837

7,887
30,650
135,354
-

6,202
-

41,598,141

571,818

52,189
226,080

(In %)

BANK
31 March 2016 31 March 2015 No.
(Audited)

RATIOS

(Reviewed)

PERFORMANCE RATIOS
1. Capital Adequacy Ratio (CAR)
2. Non performing earning assets and
non performing non earning assets to total
earning assets and non earning assets
3. Non performing earning assets to total
earning assets
4. Allowance for impairment on financial
assets to earning assets
5. NPL - Gross
6. NPL - Net
7. Return on Asset (ROA)
8. Return on Equity (ROE)
9. Net Interest Margin (NIM)
10. Operating Expenses to Operating Income (BOPO)
11. Loan to Deposit Ratio (LDR)

Payables

-

31,512,657
-

As of March 31, 2016 and 2015

RATIOS

Receivables

5,855,290
6,609,406

87,261,978

TOTAL

Derivative Receivables & Payables
Hedging

CALCULATION OF FINANCIAL RATIOS
No.

BANK
31 March 2016 31 March 2015
(Audited)

(Reviewed)

0.00%

0.00%

0.00%

0.00%

COMPLIANCE
18.48%

17.87%

1.85%

1.23%

2.28%

1.51%

3.28%
2.89%
0.85%
2.58%
17.84%
6.28%
75.22%
86.72%

2.65%
1.81%
0.53%
3.54%
25.84%
5.41%
65.02%
83.80%

31 March 2015
(Reviewed)

17,474,976
3,236,470
(5,738,906)

16,251,573
3,029,495
(6,746,743)

9,992,201
(9,494,332)
(1,763,205)
481,493
(1,381,504)
(4,482,408)
(2,888,568)
(4,841)
(1,164,593)

26,521,237
(27,096,773)
(289,174)
375,431
(1,679,431)
(3,964,424)
(2,242,853)
2,398
(1,187,515)

4,266,783

2,973,221

453,944
(1,953,797)
(89,295)
19,511,634
(15,662,358)
(1,271,503)
(19,759)
(42,154)
(329,525)
(1,843,952)
570,632

1,177,090
3,777,329
(1,242,511)
(4,085,888)
14,550,683
(166,198)
37,297
(54,406)
(618,628)
(1,022,934)
535,342

(14,959,379)
(22,367,829)
30,602,365
(2,511,293)
207,264
1,329,206
161,817
2,729,981

14,346,700
(21,581,977)
14,170,979
(1,970,985)
149,523
865,068
49,771
3,345,206

1,007

(457)

(637,492)
1,925,827

(624,543)
(635,269)

72,124

23,974,413

(85,462)

(8,165,106)

6,142,550
2,084
(61,472)
4,526
6,002,226

(12,816,250)
2,769
(156,454)
(72,642)
(21,207,683)

(691,128)
(1,764)
1,250,762
(25,560)
(2,301,060)
(1,768,750)
4,305,600

(838,167)
(201,428)
(3,321,918)
(5,237)
(1,730,298)
(6,097,048)
(3,330,318)

872,111
125,667,407
130,845,118

2,241,980
138,804,383
137,716,045

18,439,929
46,511,460
10,902,956
54,905,288
85,485
130,845,118

16,756,025
51,585,439
8,579,087
60,476,049
319,445
137,716,045

(294,795)
(611,086)

(219,013)
(585,397)

STATEMENT OF SPOT AND DERIVATIVE TRANSACTIONS

Required Allowance for Possible
Losses of Earning Assets

General

Increase of investment in Subsidiaries
Decrease in marketable securities issued
Increase/(decrease) in payment fund borrowings
Decrease of Subordinated Loans
Decrease in securities sold under repurchase agreements
Net cash provided by financing activities
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS
EFFECT OF EXCHANGE RATE CHANGES ON CASH
AND CASH EQUIVALENT
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
CASH AND CASH EQUIVALENTS AT END OF PERIOD
Cash and cash equivalent at end of year consist of :
Cash
Current accounts with Bank Indonesia
Current accounts with other banks
Placements with Bank Indonesia and other banks
Certificate of Bank Indonesia
Total cash and cash equivalents
Supplemental Cash Flows Information
Activities not affecting cash flows :
Unrealised losses in available for sale marketable securities
and Government Bonds - net of deffered tax
Acquisition of fixed assets - payable

BANK

31 March 2015 (Reviewed)

Required Allowance for Possible
Losses of Earning Assets

31 March 2016
(Audited)

CASH FLOWS FROM FINANCING ACTIVITIES

III. OTHER INFORMATIONS

As of March 31, 2016 and 2015

CONSOLIDATED

CASH FLOWS FROM OPERATING ACTIVITIES
-

25,191
-

-

-

22
1,749,725

22
1,227,641

(In Millions of Rupiah)

DESCRIPTION

1. a. Percentage violation of Legal Lending Limit
i. Related parties
ii. Third parties
b. Percentage of excess of the Legal
Lending Limit
i. Related parties
ii. Third parties
2. Reserve requirement
a. Primary reserve requirement Rupiah
b. Reserve requirement Foreign currencies
3. Net Open Position - Overall

0.00%
0.00%

0.00%
0.00%

6.50%
8.10%

8.00%
8.10%

4.70%

0.95%

MANAGEMENT OF THE BANK
BOARD OF COMMISSIONERS
- President Commissioner/
Independent Commissioner
- Deputy President Commissioner
- Independent Commissioner
- Independent Commissioner
- Commissioner
- Commissioner
- Commissioner
- Independent Commissioner
- Independent Commissioner
BOARD OF DIRECTORS
- President Director
- Vice President Director
- Director
- Director
- Director
- Director
- Director
- Director
- Director
- Director
SHAREHOLDER
Ultimate Shareholder
Republic of Indonesia

: Wimboh Santoso *)
: Imam Apriyanto Putro
: Abdul Aziz
: Aviliani
: Askolani
: - **)
: Ardan Adiperdana ***)
: Goei Siauw Hong
: Bangun Sarwito Kusmulyono
: Kartika Wirjoatmodjo ****)
: Sulaiman Arif Arianto
: Ogi Prastomiyono
: Pahala N. Mansury
: Royke Tumilaar
: Hery Gunardi
: Tardi
: Ahmad Siddik Badruddin
: Kartini Sally
: Rico Usthavia Frans ***)

: 60.00%

Non ultimate shareholder through
capital market (≥ 5%)

: Nil

Non ultimate shareholder through
non capital market (≥ 5%)

: Nil

*) In accordance the decision of the Annual General Meeting of Bank Mandiri dated March 21, 2016 there was
a transfer instruction from the President Commisioner as President Commisioner/Independent Commissioner,
where the transfer of such assignment will be effective upon the approval of the Otoritas Jasa Keuangan on Fit
and Proper Test and meet the prevailing legislation.
**) Tenure Mr. Suwhono as Commissioner ends in connection with the appointment as President Director
PT Berdikari (Persero) on March 29, 2016.
***) Appointed at the Annual General Meeting on March 21, 2016 and will become effective upon approval
by the Otoritas Jasa Keuangan on Fit and Proper Test and meet the prevailing legislation.
****) In accordance the decision of the Annual General Meeting of Bank Mandiri dated March 21, 2016 there was
a transfer instruction from the Director as Managing Director, where the transfer of such assignment will be
effective upon the approval of the Otoritas Jasa Keuangan on Fit and Proper Test and meet the prevailing legislation.

NOTES
1.

The above financial information is extracted from the consolidated financial statements of PT
Bank Mandiri (Persero) Tbk. (the "Bank") and its subsidiaries as of March 31, 2016 and for the
three-month period then ended, prepared by the Bank's management in accordance with
Indonesian Financial Accounting Standards.
The consolidated financial statements of the Bank and its subsidiaries have been audited by
Purwantono, Sungkoro & Surja ("PSS")(a member firm of Ernst & Young Global Limited) with Danil
Setiadi Handaja, CPA as partner incharge, independent auditors, in accordance with Standards on
Auditing established by the Indonesian Institute of Certified Public Accountants (“IICPA”), with an
unmodified audit opinion (formerly unqualified opinion), as stated in their report dated May 12,
2016 not included in this publication. Such audit report also contains Other Matters paragraphs,
which describe presentation of parent entity financial information, and 2014 and 2013
consolidated financial statements were audited by other independent auditors.
The interim consolidated financial information of the Bank and its subsidiaries for the
three-month period ended March 31, 2015 have been reviewed by PSS with Danil Setiadi
Handaja, CPA as partner in charge, independent auditors, in accordance with Standard on Review
Engagements 2410, "Review of Interim Financial Information Performed by the Independent
Auditor of the Entity", established by the IICPA, with an unmodified review conclusion, as stated in
their report dated May 12, 2016 not included in this publication. Such review report contains an
Other Matter paragraph, which describes the presentation of parent entity financial information.

2.

Published Financial Statements are presented to comply with Otoritas Jasa Keuangan Regulation
No. 6/POJK.03/2015 dated March 31, 2015 regarding Transparency and Published Financial
Statements of the Bank and Circular Letter of Otoritas Jasa Keuangan No.11/SEOJK.03/2015 dated
April 17, 2015 regarding Transparency and Published Financial Statements of Commercial Banks
and also in accordance with rule of Capital Market and Financial Institution Supervisory Agency
(Bapepam-LK) No.X.K.2. Attachment to Decision of Chairman of Bapepam-LK
No.Kep-346/BL/2011 dated July 5, 2011 regarding Submission of Periodic Financial Statement for
Issuers or Public Companies. Financial Information and Statement of Cash Flows included in the
published financial statement have also been prepared in accordance with Bapepam-LK
regulation No.VIII.G7. Attachment to Decision of Chairman of Bapepam-LK No.Kep-347/BL/2012
dated June 25, 2012.

3.

Related Parties in the Assets' Quality and Other Information are presented in accordance with
Bank Indonesia Regulation No. 7/3/PBI/2005 dated January 20, 2005 which was amended by Bank
Indonesia Regulation No. 8/13/PBI/2006 dated October 5, 2006 regarding The Legal Lending Limit
For Commercial Banks.

4.

Exchange rate of 1 US Dollar as at March 31, 2016, March 31, 2015 and December 31, 2016 were
Rp13,260.00; Rp13,074.00 and Rp13,785.00 respectively.

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Jakarta, May 14, 2016
S. E & O
Board of Directors
PT Bank Mandiri (Persero) Tbk.

Sulaiman Arif Arianto
Vice President Director

Pahala N. Mansury
Director