MANDIRI Q2 2016 ENGLISH

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

STATEMENT OF INCOME AND OTHER COMPREHENSIVE

As of June 30, 2016 and December 31, 2015

(In Millions of Rupiah)
BANK

No.

DESCRIPTION

30 June 2016

For the Period Ended June 30, 2016 and 2015

31 December 2015
(Audited)


30 June 2016

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

30 June 2016

As of June 30, 2016 and 2015

30 June 2015

30 June 2016

21,783,697

91,189,195
23,989,015
438,018

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

23,550,297
98,637,786
28,009,498
441,618

25,109,124
83,452,384
20,405,181
703,186

COMPONENTS OF CAPITAL


30 June 2015

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

2,444,482
84,329,417
18,879,518
9,735,182
13,204,195


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

23,393,805
87,277,850
27,710,774
9,735,182
607,248
13,204,195

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


546,952,351
5,694,141
-

536,029,812
5,354,140
-

599,973,244
10,278,306
151,247
-

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

(72,875)

(24,492,020)
(2,086,246)
3,090,995
(1,890,314)
41,181,076
(6,978,491)

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

(224,970)
(26,255,797)
(2,418,857)
3,791,585
(2,058,419)
43,774,798
(8,373,212)

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

150,039
19,815
1,348,564

150,039
19,815
573,821

150,272
21,414
1,348,564

150,272
21,414
573,821

(19,034,312)
19,100,262
(302,423)
3,572,692
26,649,950
858,895,923

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

(19,034,312)
19,100,262
(303,362)
635,161
4,060,179
34,260,078
971,444,434

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

158,886,732
248,607,824
217,636,055
15,714,513
271,718
8,792,664
13,204,195
564
32,433,531
1,597,680

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

165,815,213
273,584,487
251,958,889
15,939,702
271,718
8,792,664
13,204,195
3,280,094
37,731,430
1,597,680

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

22,658,762
719,804,238

18,154,547
695,805,147

19,282,818
32,896,350
824,355,240

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

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

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

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

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

17,476,308
-

17,476,308
-

17,316,192
-

17,316,192
-

41,802
137,390
25,588,987
298,874
(904,679)
-

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

188,272
210,268
25,932,955
333,333
(950,552)
(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

54,349,199
20,104,430
111,745,965
111,745,965
807,551,112

71,491,263
7,080,379
144,808,991
2,280,203
147,089,194

59,534,302
20,334,968
117,070,290
2,421,551
119,491,841
910,063,409

66,075,622
7,077,749
139,091,685
139,091,685
858,895,923

TOTAL LIABILITIES AND EQUITY

971,444,434

31,832,003
29,193,419
2,638,584
10,491,099
9,570,408
920,691
21,340,904
-

30,502,321
28,283,412
2,218,909
11,749,096
11,048,779
700,317
18,753,225
-

36,367,712
33,620,684
2,747,028
12,124,006
11,196,260
927,746
24,243,706
5,042,828
3,498,436
1,544,392

34,571,085
32,272,345
2,298,740
13,371,176
12,667,646
703,530
21,199,909
5,036,629
3,481,128
1,555,501

21,340,904

18,753,225

25,788,098

22,755,410

8,794,529

8,025,289

9,279,181

8,140,774

1,507
914,132
-

740,747
-

80,744
914,132
-

740,747
-

306,542
86,475
701,546
5,142,329
88,340
1,553,658

268,170
106,715
751,420
4,609,697
40,551
1,507,989

328,168
102,188
14
5,500,575
88,340
2,265,020

284,284
120,209
581
5,054,101
40,551
1,900,301

21,423,625

14,354,391

25,606,202

17,811,962

-

195
-

-

71,023
-

-

-

-

-

79,663
8,791,101
161,854
19,859
353,090
116
5,268,227
412,818
6,336,897
(12,629,096)

3,390,071
217,716
(123)
393,418
1,043
4,627,138
319,336
5,405,597
(6,329,102)

79,833
9,348,806
386,807
19,859
353,090
141,001
6,665,942
473,504
8,137,360
(16,327,021)

6,940
3,702,277
327,743
(123)
393,418
(470)
5,904,491
396,723
7,009,940
(9,671,188)

8,711,808

12,424,123

9,461,077

13,084,222

B. Other Operating Income and Expenses
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

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
III. TOTAL CORE CAPITAL AND SUPPLEMENTAL CAPITAL (I + II)
30 June 2016
BANK

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

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

(173)
5,186

87
9,079

(134)
(7,776)

100
2,082

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

5,013
8,716,821

9,166
12,433,289

(7,910)
9,453,167

2,182
13,086,404

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

(1,211,215)
(427,857)

(1,925,398)
(475,711)

(1,475,219)
(475,802)

(2,233,737)
(516,148)

PROFIT (LOSS) AFTER INCOME TAX - NET

7,077,749

7,502,146

10,032,180

(6,800)
-

25,933,025
(10,586)
(792,176)

(9,092)
-

(27,972)
1,929,821
(320,488)

38,113
(551,940)
101,522

(54,535)
2,058,669
(342,922)

87,026
(559,328)
103,679

Other comprehensive income current period after income tax - net

26,368,461

(419,105)

26,791,475

(377,715)

TOTAL OTHER COMPREHENSIVE INCOME CURRENT PERIOD

33,446,210

9,613,075

34,293,621

9,958,804

7,077,749
7,077,749

10,032,180
10,032,180

7,080,379
421,767
7,502,146

9,924,439
412,080
10,336,519

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

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

26,368,461
26,368,461

(419,105)
(419,105)

26,758,812
32,663
26,791,475

(377,715)
(377,715)

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

33,446,210
33,446,210

9,613,075
9,613,075

33,839,191
454,430
34,293,621

9,546,724
412,080
9,958,804

TRANSFER OF INCOME (LOSSES) TO HEAD OFFICE
DIVIDEND

-

-

-

-

EARNING PER SHARE

-

-

303.44

425.33

As of June 30, 2016 and 2015

30 June 2016

I

Sub Standard

Loss

Total

Current

Special Mention

Sub Standard

Doubtful

Loss

22
1,216,406

-

-

-

-

22
1,216,406

22
1,641,576

-

-

-

-

22
1,641,576

148,608
-

-

-

-

-

148,608
-

-

-

-

-

-

-

383,913
-

-

-

-

-

383,913
-

293,951
1,287

-

-

-

-

293,951
1,287

-

-

-

-

-

-

-

-

-

-

-

-

3,562,777

-

-

-

-

3,562,777

14,963

-

-

-

-

14,963

2,465
2,465
16,123,553
6,696,019
9,427,534
8,228
5,024,629
271,743

1,133
1,133
341
-

642,227
-

-

25,191
-

2,465
2,465
16,124,686
6,697,152
9,427,534
8,569
5,692,047
271,743

1,722
1,722
11,702,093
3,499,457
8,202,636
9,456
4,235,629
133,325

491
491
-

561,227
-

-

25,191
-

1,722
1,722
11,702,584
3,499,948
8,202,636
9,456
4,822,047
133,325

2,846,515
4,426,844
-

-

-

-

-

2,846,515
4,426,844
-

889,867
6,085,470
-

336
-

-

-

-

890,203
6,085,470
-

25,840,519
44,024,264

-

-

-

48,092

25,840,519
44,072,356

-

-

-

-

-

-

289,147
263

67,709
5,927

-

-

-

-

67,709
5,927

-

-

-

87,000
-

79,573,355
30,390,739

-

-

-

-

9,941,005
-

289,147
263

-

75,737,223
29,532,281

-

-

-

-

75,737,223
29,532,281

79,486,355
30,390,739

9,735,182
-

-

-

-

-

9,735,182
-

9,941,005
-

9,602,325

35,388

-

-

-

3,705

-

9,641,418

13,725,477
28,814,642

108,381

-

-

-

13,725,477
28,923,023

66,322,341
65,943,698
378,643
418,854,711
346,904,407
71,950,304
13,936,316
8,734,471
5,201,845
38,181,353
1,955
12,756,200

6,381,440
6,381,440
18,822,771
16,743,460
2,079,311
11,259,539
9,235,341
2,024,198
3,232,276
102,550

745,502
723,701
21,801
4,439,497
3,779,575
659,922
3,554,144
3,146,570
407,574
110,232
2,244

982,084
982,084
4,513,466
3,623,890
889,576
1,756,409
1,003,846
752,263
135,896
319,555

2,751,168
2,751,168
7,012,220
5,864,882
1,147,338
3,620,277
3,219,630
400,647
513,314
139
1,120,347

77,182,535
76,782,091
400,444
453,642,665
376,916,214
76,726,451
34,126,685
25,339,858
8,786,827
42,173,071
1,955
139
14,300,896

65,313,037
64,935,566
377,471
383,713,995
322,004,168
61,709,827
8,789,614
3,880,067
4,909,547
24,802,508
1,955
13,011,936

5,809,549
5,804,185
5,364
19,254,234
14,756,172
4,498,062
9,431,594
5,804,709
3,626,885
3,681,547
761,012

479,346
479,346
1,827,491
1,082,140
745,351
1,338,651
768,422
570,229
108,306
52,862

821,671
821,671
985,041
930,284
54,757
242,063
187,306
54,757
107,466
175
-

1,931,244
1,931,244
3,927,171
2,618,416
1,308,755
1,090,278
342,533
747,745
353,280
1,072,176

74,354,847
73,972,012
382,835
409,707,932
341,391,180
68,316,752
20,892,200
10,983,037
9,909,163
29,053,107
1,955
175
14,897,986

127,195,721
57,692,653
-

784,132
371,580
-

1,756
20,439
-

21,621
513
-

16,767
2,074
19,815

128,019,997
58,087,259
19,815

103,900,619
62,876,017
-

1,105,848
696,592
-

13,123
7,646
-

3,567
-

14,856
52
19,815

105,038,013
63,580,307
19,815

As of June 30, 2016 and 2015

26,651,141
21,768,335
14.11%
6.50%
54.74%
52.14%

19,027,293
15,237,666
15.00%
6.07%
50.36%
47.26%

383,619
4,307,365
1,216,584
-

13,310,459
2,696,876
1,200,347
-

(In Millions of Rupiah)
30 June 2016
Allowance for Impairment

Individual

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

48,092
59,725

Collective

General

39,522
13,150

239,409
4,311
241,433

-

-

-

136,808
15,986,782
44,922
139
1,729,312
250,084

40,145
8,505,238
47,306
20,848

131,651
5,013,031
72
130,280
848,067

Specific

Allowance for Impairment

Individual Collective

48,092
-

48,622
119,918

41,817
9,558

-

-

194,526
3,622
14,549,182 9,165,861
121,525
37,784
139
88
1,285,588 1,708,972
44,257
109,420

As of June 30, 2016
No.

TRANSACTION

Net cash provided by operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Increase in marketable securities - Available for sale and Held
to maturity
Decrease/(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 provided by/(used) in investing activities

0.00%

0.00%

From Tier 2

2.64%

2.47%

DESCRIPTION

30 June 2016

30 June 2015

35,271,882
7,026,886
(12,071,896)

33,141,211
6,581,400
(13,366,735)

25,423,177
(24,908,207)
111,997
885,754
(2,507,806)
(7,960,953)
(6,095,830)
(7,910)
(2,394,047)

35,636,789
(36,716,846)
1,129,605
780,048
(2,841,787)
(6,380,833)
(5,048,041)
2,182
(3,109,900)

General

Specific

248,131
638
222,937

48,622
87,000

-

-

-

104,461
7,555,670
40,016
51,592

9,161
288,296
4,607,308
72
-

5,419
8,361,010
109,375

131,453

88
1,118,156

856,821

78,038

Type
Trading

A.
1.
2.
3.

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
TOTAL

Increase of investment in Subsidiaries
Increase/(decrease) in marketable securities issued
Increase/(decrease) in payment fund borrowings
Decrease of Subordinated Loans
Increase in securities sold under repurchase agreements
Payments of dividends
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 PERIOD
CASH AND CASH EQUIVALENTS AT END OF PERIOD
Cash and cash equivalent at end of period 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

Receivables

4,515,644
329,823

936,122
9,809,863

6,936
84,186

11,478
73,600

34,006,932
-

26,642,325
-

7,364,607
-

338,730
-

52,716
-

-

-

-

-

-

13,514,242
6,695,211

-

13,514,242
6,695,211

2,621
5,545

51,221
82,703

69,807,837

31,487,792

38,320,045

438,018

271,718

No.

RATIOS

30 June 2016

30 June 2015

COMPLIANCE
21.78%

17.63%

2.38%

1.31%

2.95%

1.59%

3.47%
3.74%
1.33%
2.15%
13.33%
6.06%
78.56%
87.19%

2.55%
2.00%
0.63%
3.21%
23.68%
5.58%
67.75%
82.97%

9,807,093

723,997
(2,288,018)
399,068
(18,119,526)
69,652
(2,279,198)
(31,795)
1,107,924
(424,900)
(3,001,610)
1,397,362

(1,652,120)
5,586,140
(1,791,084)
(25,390,289)
5,358,605
(882,910)
14,687
(136,789)
(547,199)
312,547
1,149,036

(6,308,988)
2,297,661
23,101,660
(1,262,414)
476,119
2,263,769
(317,390)
10,212,929

40,800,165
(15,991,409)
15,568,636
(819,106)
109,792
(465,560)
(67,289)
4,262,970

438

(1,562)

(10,420,053)
(3,572,692)
(1,200,681)
(5,646,680)
-

304,755
(7,836,716)
(3,852,579)
(117,741)
(1,297,243)
(2,569,153)
-

(9,230,347)
(3,429,138)
(1,012,435)
(4,788,774)
-

290,923
(7,171,377)
(3,634,582)
(117,741)
(1,112,260)
(2,306,794)
-

-

-

-

-

16,416,909

17,076,661

14,354,398

14,956,594

520,024
6,597,253
9,299,632
135,324,384

520,024
7,257,005
9,299,632
144,632,659

1,244,269
6,088,014
7,022,115
99,877,048

1,244,269
6,690,210
7,022,115
108,162,496

BANK

Description

CONSOLIDATED

487,041,127
775,007
78,627,774
566,443,908
9.00%

30 June 2016
BANK

RATIO KPMM
Ratio CET1
Ratio Tier 1
Ratio Tier 2
Ratio Total
CET 1 for
Buffer

535,216,769
938,454
95,640,437
631,795,660
9.00%

30 June 2015

CONSOLIDATED

BANK

19.14%
19.14%
2.64%
21.78%

18.46%
18.46%
2.47%
20.93%

15.10%
15.10%
2.53%
17.63%

1.25%

1.25%

CONSOLIDATED

14.75%
14.75%
2.37%
17.12%

Buffer percentage that must be fulfilled by bank
Capital
conservation
0.625%
0.625%
buffer
Countercylical
0.00%
0.00%
buffer
Capital
surcharge
0.625%
0.625%
for D-SIB

(In Millions of Rupiah)
30 June 2016

CONSOLIDATED
31 Dec 2015
(Audited)

30 June 2016

31 Dec 2015
(Audited)

485,321
-

4,135,500
1,078,194
-

485,321
-

4,135,500
1,078,194
-

4,402,206
997,903

9,050,393
479,761

4,402,206
997,903

9,050,393
479,761

13,729,989
1,060,924

13,272,271
2,849,730

13,729,989
1,060,924

13,272,271
2,849,730

20,149,246
67,661,287

19,669,309
59,417,877

20,149,246
68,370,718

19,669,811
59,934,634

42,734
-

80,053
-

42,734
-

80,053
-

-

2,000
-

-

2,000
-

6,157,364
3,012,932
604,263
-

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

6,162,619
3,012,932
604,263
29,068

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

944,240
14,269,379

831,441
18,974,250

944,240
14,471,354

833,784
19,187,779

8,668,112
51,949
32,729

7,933,487
51,949
32,729

8,674,755
1,834,263
32,729

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

37,479,322
38,686,708
451,950

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

37,587,658
39,018,844
451,950

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

NOTES
1. Presentation of the above published Financial Statement as at and for six months ended 30 June

2016 and 2015 are derived from the Consolidated Financial Statement of PT Bank Mandiri (Persero)
Tbk. and Subsidiaries (unaudited), and Consolidated Financial Statement as at and for the years
ended 31 December 2015 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, dated 2 February 2015 with an unmodified audit opinion (formerly unqualified opinion).
2. Published financial statements are presented to comply with Financial Services Authority

Regulation (“POJK”) No.6/POJK.03/2015 dated March 31, 2015 regarding Transparency and
Published Financial Statements of the Bank and Circular Letter of Financial Services Authority
(“SEOJK”) No.11/SEOJK.03/2015 dated April 17, 2015 regarding Transparency and Published
Financial Statements of Commercial Banks and also in accordance with regulation of Capital
Market and Financial Institution Supervisory Agency (“Bapepam and LK”) No.X.K.2., Attachment to
Decision of Chairman of Bapepam and LK No.Kep-346/BL/2011 dated July 5,2011 regarding
Submission of Periodic Financial Statements for Issuers or Public Companies. Financial
information and statement of cash flows included in the published financial statements have also
been prepared in accordance with Bapepam and LK regulation No.VIII.G7. Attachment to Decision
of Chairman of Bapepam and 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 20 January 2005 which was amended by Bank
Indonesia Regulation No. 8/13/PBI/2006 dated 5 October 2006 regarding The Legal Lending Limit
For Commercial Banks.
4. Exchange rate of 1 US Dollar as at June 30, 2016, June 30, 2015 and December 31, 2015 were

Rp13,212.50; Rp13,332.50 and Rp13,785.00 respectively.

BEST BANK
IN INDONESIA
2015

THE BEST BANK IN
SERVICE EXCELLENCE
2008 - 2015

MRI and Infobank Magazine

(685,954)
814,457

(705,463)
(1,499,664)

20,918,290

33,019,227

(3,392,767)

(12,579,750)

Alpha Southeast Asia
and Finance Asia

6,323,784
1,947
(1,169,850)
1,595
1,764,709

(13,063,092)
3,028
(566,788)
(129,023)
(26,335,625)

1st PLACE ANNUAL
REPORT AWARD 2015

(655,718)
954,738
1,532,012
(25,327)
3,929,493
(6,100,490)
(365,292)
22,317,707

(573,598)
(203,873)
(3,648,023)
(11)
2,748,365
(4,967,968)
(6,645,108)
38,494

(556,367)
125,667,407
147,428,747

1,884,120
138,804,383
140,726,997

23,550,297
47,338,360
12,435,010
64,001,679
103,401
147,428,747

19,523,886
52,525,216
12,212,076
55,986,975
478,844
140,726,997

117,817
(413,841)

(1,026,997)
(375,619)

MANAGEMENT OF THE BANK
BOARD OF COMMISSIONERS
- President Commissioner
- Deputy President Commissioner
- Independent Commissioner
- Commissioner
- Independent Commissioner
- Independent Commissioner
- Independent Commissioner
- Commissioner

: Wimboh Santoso *)
: Imam Apriyanto Putro
: Abdul Aziz
: Askolani
: Aviliani
: Goei Siauw Hong
: Bangun Sarwito Kusmulyono
: Ardan Adiperdana **)

BOARD OF DIRECTORS

BANK

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

5,451,766
10,139,686

BANK
30 June 2015

Supplemental Cash Flows Information
Activities not affecting cash flows :
Unrealised gain/(losses) in available for sale marketable securities
and Government Bonds - net of deffered tax
Acquisition of fixed assets - payable

Derivative Receivables & Payables
Hedging

(In %)

30 June 2016

12,773,047

CASH FLOWS FROM FINANCING ACTIVITIES

(In Millions of Rupiah)

NOTIONAL AMOUNT

Required Allowance for Possible
Losses of Earning Assets

As of June 30, 2016 and 2015

RATIOS

(244,372)

Kategori BUMN
KEUANGAN LISTED
Otoritas Jasa Keuangan (OJK)
Kementrian Keuangan
and Bursa Efek Indonesia (BEI)

INDONESIA MOST
TRUSTED COMPANY
(IMTC) 2007-2015

Indonesian Institute for
Corporate Governance (IICG)
and SWA Magazine

Jakarta, July 27, 2016
S. E & O
Board of Directors
PT Bank Mandiri (Persero) Tbk.

STATEMENT OF SPOT AND DERIVATIVE TRANSACTIONS

CALCULATION OF FINANCIAL RATIOS
No.

From AT 1

CONSOLIDATED

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/(expense) - 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 resell 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

BANK

30 June 2015

Required Allowance for Possible
Losses of Earning Assets

(231,310)

(In Millions of Rupiah)

DESCRIPTION

21,093,073
44,219,304

48,622

21,093,073
44,170,682

ALLOWANCES FOR IMPAIRMENT

1.
2.
3.
4.

6,53%

CASH FLOWS FROM OPERATING 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

DESCRIPTION

(246,487)

STATEMENT OF CASH FLOW

Total

III. OTHER INFORMATIONS

No

6.36%

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

For the Period Ended June 30, 2016 and 2015

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

-

30 June 2015

Doubtful

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

From CET 1

93,205,902
93,205,902
11,666,667
88,419,689
17,316,192
2,333,333
59,719,328
9,924,439
290,651
(919,882)
-

(245,548)

BANK

(In Millions of Rupiah)

Special Mention

581,570,079
1,894,617
107,636,532
691,101,228
9.00%

CONSOLIDATED

STATEMENT OF COMMITMENTS AND CONTINGENCIES

BANK

Current

85,522,650
85,522,650
11,666,667
83,086,330
17,476,308
2,333,333
54,349,199
10,032,180
136,305
(1,009,685)
-

KPMM Allocation

STATEMENTS OF ASSETS' QUALITY AND OTHER INFORMATION
DESCRIPTION

BANK

127,555,998
127,555,998
11,666,667
123,421,292
17,316,192
2,333,333
71,491,263
7,080,380
188,272
117,816
25,140,523

10,336,519

25,588,987
(11,775)
(790,112)

2.

CONSOLIDATED

As of June 30, 2016 and December 31, 2015

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

*) 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.

No.

527,780,240
1,563,735
92,008,869
621,352,844
9.00%

No.

1.

BANK

30 June 2015

CONSOLIDATED

30 June 2015

118,907,475
118,907,475
11,666,667
117,660,861
17,476,308
2,333,333
66,075,622
7,077,749
41,802
105,075
24,796,520

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
1,
2.
3.

(In Millions of Rupiah)
30 June 2016

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.

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%

0.00%
0.00%

0.00%
0.00%

6.50%
8.10%

8.00%
8.10%

5.21%

1.06%

-

President Director
Vice President Director
Director
Director
Director
Director
Director
Director
Director
Director

: Kartika Wirjoatmodjo ***)
: Sulaiman Arif Arianto
: Ogi Prastomiyono
: Pahala N. Mansury
: Royke Tumilaar
: Hery Gunardi
: Kartini Sally
: Ahmad Siddik Badruddin ****)
: Tardi
: Rico Usthavia Frans **)

SHAREHOLDER
Ultimate Shareholder
Republic of Indonesia

: 60.00%

Non ultimate shareholder through
capital market (≥ 5%)

: Nill

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

: Nill

*) Appointment as Commissioner has received approval from the Otoritas Jasa Keuangan (OJK) on Fit and Proper
Test and has become effective served since February 16, 2016.
**) Appointed at the Annual General Meeting on 21 March 2016 and will become effective after approval by the
Otoritas Jasa Keuangan on Fit and Proper Test and meet the prevailing regulations.
***) The transfer of assignment of the Director as Managing Director according to the decision of Annual General
Meeting dated March 21, 2016, has received approval from the Otoritas Jasa Keuangan on Fit and Proper Test
and has been effective since May 17, 2016.
****) Director of Compliance.

Kartika Wirjoatmodjo
President Director

Pahala N. Mansury
Director