STATEMENTS OF COMMITMENTS AND CONTINGENCIES
As at 31 December 2014 and 2013
(In Millions of Rupiah)
No. DESCRIPTION
BANK CONSOLIDATED
31 December 2014 31 December 2013 31 December 2014 31 December 2013
(Audited) (Audited) (Audited) (Audited)
I. COMMITMENT RECEIVABLES 1. Unused fund borrowings facilities
a. Rupiah - - -
-b. Foreign currencies 1,238,500 - 1,238,500
-2. Outstanding purchase position on spot and derivative 517,643 347,357 517,643 347,357
3. Others - - -
-II. COMMITMENT PAYABLES
1. Unused loan facilities granted to customer a. BUMN
i. Committed
- Rupiah 8,784,000 7,591,000 8,784,000 7,591,000
- Foreign currencies 829,871 793,437 829,871 793,437
ii. Uncommitted
- Rupiah 8,560,597 11,372,089 8,560,597 11,372,089
- Foreign currencies 371,870 584,900 371,870 584,900
b. Others
i. Committed 23,909,362 20,460,055 23,910,508 20,462,699
ii. Uncommitted 50,111,245 42,999,343 50,900,502 44,257,143
2. Unused loan facilities granted to other banks a. Committed
i. Rupiah 38,620 62,025 38,620 62,025
ii. Foreign currencies - - -
-b. Uncommitted
i. Rupiah 10,000 28,300 10,000 28,300
ii. Foreign currencies - - -
-3. Outstanding irrevocable letters of credit
a. Foreign L/C 12,255,309 11,739,958 12,287,396 11,861,603
b. Local L/C 2,852,728 3,321,460 2,880,718 3,356,527
4. Outstanding sales position on spot and derivative 174,640 238,689 174,640 238,689
5. Others - - -
-III. CONTINGENT RECEIVABLES 1. Guarantees received
a. Rupiah 453,429 359,299 455,772 361,902
b. Foreign currencies 18,305,893 18,195,261 18,308,707 18,198,552
2. Unrecognized interest income
a. Interest loan 7,615,239 6,889,648 7,620,314 6,895,977
b. Others interest 51,949 51,949 946,905 495,657
3. Others 32,729 32,729 32,729 32,729
IV. CONTINGENT PAYABLES 1. Guarantees issued
a. Rupiah 28,458,307 25,274,039 28,563,086 25,404,802
b. Foreign currencies 44,501,007 39,643,850 44,539,265 39,667,080
2. Others 377,195 256,757 377,195 256,757
STATEMENTS OF ASSETS’ QUALITY AND OTHER INFORMATION
As at 31 December 2014 and 2013
(In Millions of Rupiah)
No.
DESCRIPTION
31 December 2014 (Audited) 31 December 2013 (Audited)BANK
Current Special Sub Doubtful Loss Total Current Special Sub Doubtful Loss Total
Mention Standard Mention Standard
I. 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 with agreement to repurchase (Repo) a. Rupiah
b. Foreign currencies
5. Securities purchased with agreement to resell (Reverse Repo) a. Rupiah
b. Foreign currencies 6. Acceptances receivables 7. Other receivable - Trade Transaction
a. Rupiah b. Foreign currencies 8. 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 9. Investments in shares 10. Temporary investment 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 with agreement to repurchase (Repo) a. Rupiah
b. Foreign currencies
5. Securities purchased with agreement to resell (Reverse Repo) a. Rupiah
b. Foreign currencies 6. Acceptances receivables 7. Other receivable - Trade Transaction
a. Rupiah b. Foreign currencies 8. 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 9. Investments in shares 10. Temporary investment 11. Administrative account transaction
a. Rupiah b. Foreign currencies 12. Repossessed assets III. OTHER INFORMATIONS 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 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. Chanelling 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
22 - - - 22 30,259 - - - - 30,259
1,668,884 - - - - 1,668,884 2,554,066 - - - - 2,554,066
- - - - - - -
-- - - - - - - - -
256,183 - - - - 256,183 248,250 - - - - 248,250
14,700 - - - - 14,700 - - - - -
-- - - - - - -
-- - - - - - -
-- - - - - - -
-- - - - - - -
28,278 - - - - 28,278 79,844 - - - - 79,844
- - - - - - - - -
-- - - - - - - - -
-622 - - - - 622 - - - - -
-622 - - - - 622 - - - - -
-- - - - - - -
11,663,263 298 - - - 11,663,561 5,761,450 2,062 - - 3 5,763,515
3,738,680 298 - - - 3,738,978 3,683,016 2,062 - - 3 3,685,081
7,924,583 - - - - 7,924,583 2,078,434 - - - - 2,078,434
- - - - - - - - - - -
-- - - - - - -
-- - - - - - -
14,652 - - - - 14,652 12,353 1,015 - - 3 13,371
3,644,451 - - 414,227 174,469 4,233,147 2,654,452 - - 474,227 27,469 3,156,148
- - - - - - -
-1,006,230 176 - - - 1,006,406 457,771 137 - - - 457,908
4,432,356 - - - - 4,432,356 2,862,038 - - - - 2,862,038
- - - - - - -
25,771,953 - - - - 25,771,953 16,299,359 - - - - 16,299,359
32,151,186 - - - 49,271 32,200,457 33,971,666 - - - 72,260 34,043,926
65,121 - - - - 65,121 175,323 - - - - 175,323
10,168 - - - - 10,168 624 - - - - 624
76,005,220 - 86,960 - - 76,092,180 75,074,711 - - - 86,768 75,161,479
17,454,866 - - - - 17,454,866 12,376,897 - - - 13,319 12,390,216
7,088,104 - - - - 7,088,104 5,182,903 - - - - 5,182,903
- - - - - - -
-18,528,320 - - - - 18,528,320 3,103,351 - - - - 3,103,351
- - -
13,079,446 6,335 - - - 13,085,781 10,073,728 24,798 - - - 10,098,526
5,596,359 79,228 14,664 - 145,944 5,836,195 4,190,065 65,514 - - 145,944 4,401,523
5,860,461 552,164 40,300 - 860,408 7,313,333 3,540,586 420,798 - - 845,507 4,806,891
65,749,058 5,114,152 237,631 378,278 1,916,904 73,396,023 58,648,452 3,653,170 248,821 476,982 1,582,377 64,609,802 65,371,394 5,107,807 237,631 378,278 1,916,904 73,012,014 58,348,287 3,639,821 248,821 476,982 1,582,377 64,296,288
377,664 6,345 - - - 384,009 300,165 13,349 - - - 313,514
370,745,908 14,073,703 869,504 1,125,385 3,392,120 390,206,620 330,431,954 11,735,235 317,531 235,555 3,884,438 346,604,713 307,142,398 12,079,420 280,687 1,125,181 2,505,631 323,133,317 268,580,535 9,694,445 317,468 235,555 2,414,270 281,242,273
63,603,510 1,994,283 588,817 204 886,489 67,073,303 61,851,419 2,040,790 63 - 1,470,168 65,362,440
5,887,500 3,954,025 547,385 89,698 1,271,844 11,750,452 7,522,637 3,414,760 45,902 19,183 1,654,605 12,657,087
3,088,798 2,165,713 126,199 89,698 910,701 6,381,109 3,942,389 1,552,225 45,902 19,183 818,115 6,377,814
2,798,702 1,788,312 421,186 - 361,143 5,369,343 3,580,248 1,862,535 - - 836,490 6,279,273
25,242,969 3,483,089 84,031 66,579 349,333 29,226,001 26,404,734 3,055,251 59,553 62,136 296,851 29,878,525
1,955 - - - - 1,955 1,955 - - - - 1,955
- - - 266 - 266 - - - 1,362 - 1,362
110,884,814 756,546 1,811 10,605 65,235 111,719,011 99,097,986 457,415 383 574 58,180 99,614,538
63,300,911 218,976 5,124 - 132 63,525,143 60,585,149 191,910 - - 158,913 60,935,972
- - - - 19,815 19,815 - - - - 19,815 19,815
-
--
17,906,264 16,828,352
13,806,544 12,654,998
15.44% 15.49%
6.89% 6.56%
51.48% 47.62%
48.27% 44.37%
9,037,109 11,409,429
-
2,986,162 2,304,223
2,686,428 3,075,755
-
-STATEMENTS OF CALCULATION OF FINANCIAL RATIOS
As at 31 December 2014 and 2013
(In %)
STATEMENTS OF SPOT AND DERIVATIVE TRANSACTIONS
As at 31 December 2014 (In Millions of Rupiah)
No. TRANSACTION Type Derivative Receivables & Payables
Trading Hedging Receivables Payables
BANK
Notional Amount
A. Exchange Rate Related
1. Spot 2,475,779 2,360,422 115,357 4,245 2,983
2. Forward 6,918,112 49,092 6,869,020 43,588 12,852
3. Option
a. Written - - - -
-b. Purchased - - - -
-4. Future - - - -
-5. Swap 14,309,823 13,769,520 540,303 17,660 95,143
6. Others - - - -
-B. Interest Rate Related
1. Forward - - - -
-2. Option
a. Written - - - -
-b. Purchased - - - -
-3. Future - - - -
-4. Swap 32,563,700 - 32,563,700 9,796 49,060
5. Others - - - -
-C. Others - - - -
-TOTAL 56,267,414 16,179,034 40,088,380 75,289 160,038
No.
RATIOS
BANK
31 December 2014 31 December 2013 (Audited) (Audited)
PERFORMANCE RATIOS
1. Capital Adequacy Ratio (CAR) 16.60% 14.93% 2. Non performing earning assets and non performing non earning assets
to total earning assets and non earning assets 1.15% 1.17% 3. Non performing earning assets to total earning assets 1.42% 1.43% 4. Allowance for impairment on financial assets to earning assets 2.61% 2.86%
5. Gross NPL 1.66% 1.60%
6. Net NPL 0.44% 0.37%
7. Return on Asset (ROA) 3.57% 3.66% 8. Return on Equity (ROE) 25.81% 27.31% 9. Net Interest Margin (NIM) 5.94% 5.68% 10. Operating Expenses to Operating Income 64.98% 62.41% 11. Loan to Deposit Ratio (LDR) 82.02% 82.97% COMPLIANCE
1. a. Percentage violation of Legal Lending Limit
i. Related parties 0.00% 0.00% ii. Third parties 0.00% 0.00% b. Percentage of excess of the Legal Lending Limit
i. Related parties 0.00% 0.00% ii. Third parties 0.00% 0.00% 2. Reserve requirement
a. Primary reserve requirement Rupiah 8.00% 8.00% b. Reserve requirement Foreign currencies 8.49% 8.10% 3. Net Open Position - Overall 2.01% 2.40%
OPERATING INCOME AND EXPENSES
A. Interest and Sharia Income, Interest and Sharia Expenses and Premium Income and Claim Expenses
1. Interest and Sharia Income 55,092,073 43,339,930 62,637,942 50,208,842
a. Rupiah 50,994,855 40,338,122 58,331,972 47,029,634
b. Foreign currencies 4,097,218 3,001,808 4,305,970 3,179,208
2. Interest and Sharia Expenses 20,408,408 13,803,483 23,505,518 16,399,424
a. Rupiah 19,522,984 13,192,293 22,614,551 15,783,269
b. Foreign currencies 885,424 611,190 890,967 616,155
Net Interest Income and Sharia Income (Expenses) 34,683,665 29,536,447 39,132,424 33,809,418
3. Premium Income - - 9,364,287 6,446,149
4. Claim Expense - - 6,683,717 3,820,143
Net Premium Income (Claim Expenses) - - 2,680,570 2,626,006
Net Interest and Sharia Income (Expenses) and Net Premium Income (Claim Expenses) 34,683,665 29,536,447 41,812,994 36,435,424
B. Other Operating Income and Expenses
1. Other Operating Income 13,901,688 13,330,254 15,128,442 14,759,607
a. Increase in fair value of financial assets (mark to market)
i. Securities 2,578 - 146,521
-ii. Loans - - -
-iii. Spot and derivative 1,383,388 1,617,223 1,383,388 1,617,223
iv. Other financial assets - - -
-b. Decrease in fair value of financial liabilities (mark to market) - - -
-c. Gain from sale of financial assets
i. Securities 183,617 24,514 234,463 39,116
ii. Loans - - -
-iii. Other financial assets - - -
-d. Gain from spot and derivative transaction (realised) 177,111 195,462 204,251 235,876
e. Gain from investment in shares with equity method - - -
-f. Dividend 561,119 432,714 - 615
g. Comissions/provisions/fees and administrative 8,332,048 7,579,358 9,172,074 8,706,027
h. Recovery on allowance for impairment 49,122 27,871 59,642 33,854
i. Other income 3,212,705 3,453,112 3,928,103 4,126,896
2. Other Operating Expenses 24,422,885 21,562,367 30,963,330 27,643,320
a. Decrease in fair value of financial assets (mark to market)
i. Securities - 2,769 - 219,353
ii. Loans - - -
-iii. Spot and derivative - - -
-iv. Other financial assets - - -
-b. Increase in fair value of financial liabilities (mark to market) - - -
-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 - 5,833 1,740 5,180
ii. Loans 4,284,203 3,798,149 5,294,726 4,635,551
iii. Sharia financing - - -
-iv. Other financial assets 154,181 103,461 433,518 230,711
f. Losses related to operational risk (141,006) 18,746 (141,006) 18,746
g. Losses from investment in shares under equity method - - -
-h. Comissions/provisions/fees and administrative 709,392 563,784 709,392 563,784
i. Impairment on non financial assets - - -
-j. Salaries and employee benefits 8,183,968 7,163,504 10,369,554 8,995,513
k. Promotion expenses 842,983 855,085 986,272 989,542
l. Other expenses 10,389,164 9,051,036 13,309,134 11,984,940
Other Operating Income (Expenses) (10,521,197) (8,232,113) (15,834,888) (12,883,713)
PROFIT (LOSS) FROM OPERATIONS 24,162,468 21,304,334 25,978,106 23,551,711
NON OPERATING INCOME AND EXPENSES
1. Gain (Losses) from sale of premises and equipment 3,992 127,836 4,121 101,983
2. Gain (Losses) from foreign currencies translation - - -
-3. Other non operating income (expenses) 19,369 239,295 25,788 408,143
PROFIT (LOSS) FROM NON OPERATING 23,361 367,131 29,909 510,126
PROFIT (LOSS) CURRENT YEAR BEFORE TAX 24,185,829 21,671,465 26,008,015 24,061,837
Income tax expenses
a. Estimated current tax (4,674,771) (4,528,782) (5,309,919) (5,288,489)
b. Deffered tax income (expenses) (82,730) 70,285 (43,313) 56,586
PROFIT (LOSS) AFTER INCOME TAX - NET 19,428,328 17,212,968 20,654,783 18,829,934
OTHER COMPREHENSIVE INCOME
a. Adjustment arising from translation of financial statement (27,818) 53,316 (17,995) 173,943
b. Gain (Losses) from changes of financial assets on available for sale 1,038,560 (1,231,853) 1,057,365 (1,259,738)
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 (207,712) 246,370 (211,473) 251,947
h. Others - - -
-Other comprehensive income current year after income tax - net 803,030 (932,167) 827,897 (833,848)
TOTAL OTHER COMPREHENSIVE INCOME CURRENT YEAR 20,231,358 16,280,801 21,482,680 17,996,086
Income atributtable to:
Parent Company 19,428,328 17,212,968 19,871,873 18,203,753
Non controlling interest - - 782,910 626,181
TOTAL INCOME CURRENT YEAR 19,428,328 17,212,968 20,654,783 18,829,934
Total comprehensive income atributtable to:
Parent Company 20,231,358 16,280,801 20,699,770 17,369,905
Non controlling interest - - 782,910 626,181
TOTAL COMPREHENSIVE INCOME CURRENT YEAR 20,231,358 16,280,801 21,482,680 17,996,086
TRANSFER INCOME (LOSSES) TO HEAD OFFICE - - -
-DIVIDEND - - -
-EARNING PER SHARE - - 851.66 780.16
*) Accumulated losses of Rp162,874,901 million has been eliminated against additional paid-in capital/agio through quasi-reorganisation on 30 April 2003. **) Consolidated balance includes temporary syirkah funds from a Subsidiary.
***) Including Securities owned by Subsidiary which classsified "At Cost", accordance with SFAS 110 "Accounting for Sukuk", which was effective since 1 January 2012.
No. DESCRIPTION 31 December 2014
BANK
31 December 2013 31 December 2014CONSOLIDATED
31 December 2013(Audited) (Audited) (Audited) (Audited)
STATEMENTS OF FINANCIAL POSITION
As at 31 December 2014 and 2013 (In Millions of Rupiah)
No. DESCRIPTION BANK CONSOLIDATED
31 December 2014 31 December 2013 31 December 2014 31 December 2013
(Audited) (Audited) (Audited) (Audited)
ASSETS
1. Cash 18,719,445 17,226,616 20,704,563 19,051,934
2. Placements with Bank Indonesia 83,185,965 69,819,352 93,335,143 78,521,140
3. Placements with other banks 24,227,538 23,710,890 27,463,279 24,650,787
4. Spot and derivative receivables 75,289 175,947 75,289 175,947
5. Securities
a. Fair value through profit/loss 2,442,863 1,470,994 22,381,653 14,866,672
b. Available for sale 66,730,393 61,370,553 67,678,009 62,197,173
c. Held to maturity ***) 24,644,673 24,945,188 29,406,588 26,518,455
d. Loans and receivables - 13,210 - 13,210
6. Securities sold with agreement to repurchase (Repo) 7,088,104 5,182,903 7,088,104 5,182,903
7. Securities purchased with agreement to resell (Reverse Repo) 18,528,320 3,103,351 19,786,745 3,737,613
8. Acceptances receivables 13,114,059 10,178,370 13,114,059 10,178,370
9. Loans
a. Fair value through profit/loss - - -
-b. Available for sale - - -
-c. Held to maturity - - -
-d. Loans and receivables 475,266,826 416,978,030 523,101,817 467,170,449
10. Consumer finance receivables - - 6,087,987 4,644,901
11. Sharia financing - - -
-12. Investments in shares 4,235,368 3,159,465 58,672 7,891
13. Policy holder's investment in Unit Link Contract - - -
-14. Allowance for impairment on financial assets
-/-a. Securities (127,801) (148,728) (272,861) (292,049)
b. Loans (15,927,985) (15,002,015) (17,706,947) (16,535,651)
c. Others (1,850,478) (1,677,609) (2,077,815) (1,774,259)
15. Intangible assets 2,565,198 2,178,033 3,219,982 2,514,368
Accumulated amortisation for intangible assets -/- (1,472,270) (1,288,191) (1,575,399) (1,354,113)
16. Premises and equipment 13,716,579 11,700,899 15,487,052 13,258,249
Accumulated depreciation for premises and equipment -/- (5,514,581) (4,807,311) (6,558,196) (5,612,651)
17. Non earning assets
a. Abandoned properties 150,039 151,090 150,272 151,323
b. Repossessed assets 19,815 19,815 33,537 33,838
c. Suspense account 480,606 427,009 480,606 427,009
d. Inter office assets
i. Operational activities conducted in Indonesia (12,382,956) - (12,382,956)
-ii. Operational activities conducted outside Indonesia 12,484,994 - 12,484,994
-18. Allowance for impairment on non financial assets -/- (249,240) (287,147) (262,302) (300,209)
19. Lease financing - - 783,737 619,691
20. Deferred tax assets 3,803,325 4,093,766 4,189,120 4,322,498
21. Other assets 23,085,124 15,555,697 28,764,941 20,724,273
TOTAL ASSETS 757,039,212 648,250,177 855,039,673 733,099,762
LIABILITIES AND EQUITY LIABILITIES
1. Demand deposits **) 123,042,656 116,250,862 128,067,091 123,445,524
2. Savings deposits **) 229,454,611 214,128,654 252,444,999 236,510,887
3. Time deposits **) 223,828,534 169,338,524 255,870,003 196,385,250
4. Investment fund - revenue sharing - - -
-5. Fund from Bank Indonesia - - -
-6. Fund from other banks **) 17,690,236 12,658,783 17,772,200 12,669,235
7. Spot and derivative liabilities 160,038 230,621 160,038 231,955
8. Liabilities sold with repo agreements to repurchase (Repo) 6,112,589 4,656,149 6,112,589 4,656,149
9. Acceptances liabilities 13,114,059 10,178,370 13,114,059 10,178,370
10. Securities issued 564 564 1,924,934 1,674,299
11. Fund borrowings
a. Loans capital 3,761,574 4,470,615 3,746,574 4,465,615
b. Others fund borrowings 21,367,445 13,996,524 24,229,054 15,999,539
12. Margin deposits received 1,849,027 2,061,958 1,849,027 2,061,958
13. Inter office liabilities
a. Operational activities conducted in Indonesia - 8,729,833 - 8,729,833
b. Operational activities conducted outside Indonesia - (8,753,251) - (8,753,251)
14. Deferred tax liabilities - - -
-15. Liability to Unit Link Holders - - 17,343,799 12,002,997
16. Other liabilities 19,326,331 17,740,655 27,560,744 24,050,806
17. Investment fund - profit sharing - - -
-TOTAL LIABILITIES 659,707,664 565,688,861 750,195,111 644,309,166
EQUITY 18. Share capital
a. Authorised capital 16,000,000 16,000,000 16,000,000 16,000,000
b. Unpaid-in capital-/- (4,333,333) (4,333,333) (4,333,333) (4,333,333)
c. Treasury stock -/- - - -
-19. Additional Paid-in Capital
a. Agio 17,476,308 17,476,308 17,316,192 17,316,192
b. Disagio -/- - - -
-c. Donated capital - - -
-d. Funds for paid-up capital - - -
-e. Others - - -
-20. Other comprehensive income (losses)
a. Adjustment arising from translation of financial statement 98,192 126,010 203,625 221,620
b. Gain (Losses) from changes of financial assets on available for sale (722,051) (1,760,611) (708,443) (1,765,808)
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 139,817 347,529 137,095 348,568
h. Others - - -
-21. Difference arising from quasi reorganisation - - -
-22. Difference arising from restructuring value of transaction of entities under common control - - -
-23. Other equity - - -
-24. Reserve
a. General reserve 2,333,333 2,333,333 2,333,333 2,333,333
b. Appropriated reserve 4,399,179 2,050,894 4,399,179 2,050,894
25. Retained Earning
a. Previous years *) 42,511,775 33,108,218 47,438,360 37,044,018
b. Current year 19,428,328 17,212,968 19,871,873 18,203,753
TOTAL EQUITY ATTRIBUTABLE TO OWNER 97,331,548 82,561,316 102,657,881 87,419,237
26. Non controlling interest - - 2,186,681 1,371,359
TOTAL EQUITY 97,331,548 82,561,316 104,844,562 88,790,596
TOTAL LIABILITIES AND EQUITY 757,039,212 648,250,177 855,039,673 733,099,762
STATEMENTS OF COMPREHENSIVE INCOME
For the Years Ended 31 December 2014 and 2013 (In Millions of Rupiah)
Jakarta, 12 February 2015
S. E & O
Board of Directors
PT Bank Mandiri (Persero) Tbk.
Budi G. Sadikin
Pahala N. Mansury
Group CEO
Director
Notes :
1. Presentation of the above Published Financial Statements as at and for the years ended 31 December 2014 and 2013 are derived from the Consolidated Financial Statements of PT Bank Mandiri (Persero) Tbk. and Subsidiaries which were audited by Public Accounting Firm KAP Tanudiredja, Wibisana, dan Rekan - a member Firm of PwC Global Network with partner in-charge : Drs. Haryanto Sahari, CPA whose report dated 2 February 2015 and 10 February 2014, respectively expressed an Unqualified Opinion.
2. The above Published Financial Statements are presented to comply with Bank Indonesia Regulation No. 3/22/PBI/2001 dated 13 December 2001 which was amended by Bank Indonesia Regulation No. 14/14/PBI/2012 dated 18 October 2012 regarding Transparency and Published Financial Statements of the Bank and Circular Letter of Bank Indonesia No. 3/30/DPNP dated 14 December 2001 regarding Quarterly Published Financial Statements and Monthly Financial Statements of Commercial Banks and Specific Reports to Bank Indonesia, which was amended by Circular Letter of Bank Indonesia No. 13/30/DPNP dated 16 December 2011, and also in accordance with regulation of Capital Market and Financial Institution Supervisory Agency (Bapepam and LK) No. X.K.2, Decision of Chairman of Bapepam and LK No. Kep-346/BL/2011 dated 5 July 2011 regarding Submission of Periodic Financial Statement for Issuers or Public Companies. Financial Statements Information and Statements of Cash Flows included in the published financial statements have been prepared in accordance with Bapepam and LK regulation No. VIII.G.7. Decision of Chairman of Bapepam and LK No. Kep 347/BL/2012 dated 25 June 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. Since 2 May 2014, the Financial Statements of PT Asuransi Jiwa InHealth Indonesia has been consolidated into the Consolidated Financial Statements of PT Bank Mandiri (Persero) Tbk. and Subsidiaries upon acquisition of 60% ownership in PT Asuransi Jiwa InHealth Indonesia by PT Bank Mandiri (Persero) Tbk.
5. Exchange rate of 1 US Dollar as at 31 December 2014 and 31 December 2013 were Rp12,385.00 and Rp12,170.00 respectively.
No. DESCRIPTION
31 December 2014 (Audited) 31 December 2013 (Audited)
Required Allowance for Required Allowance for
Allowance for Impairment Possible Losses on Earning Assets Allowance for Impairment Possible Losses on Earning Assets
Individual Collective General Spesific Individual Collective General Spesific
ALLOWANCES FOR IMPAIRMENT
As at 31 December 2014 and 2013
(In Millions of Rupiah)
1. Placements with other banks 49,271 47,107 241,783 49,271 72,260 37,498 236,386 72,260
2. Spot and derivative receivables - - 710 - - - 1,607
-3. Securities 119,442 8,359 159,921 13,044 141,819 6,909 126,480 100,087
4. Securities sold with agreement to repurchase (Repo) - - -
-5. Securities purchased with agreement to resell (Reverse Repo) - - - 31,034
-6. Acceptances receivables 67,033 39,894 131,077 317 28,092 35,389 101,536 1,240
7. Other Receivable - Trade Transaction 1,585,983 29,206 114,568 1,046,166 1,428,133 21,338 77,306 1,015,767
8. Loans 9,299,586 6,628,399 4,481,589 7,186,333 9,582,174 5,419,841 3,948,419 6,677,563
9. Investments in shares 31,851 - 50 381,582 54,218 - 50 264,582
10. Temporary invesment 133 - - 133 681 - - 681
11. Administrative account transaction 172,537 22,610 877,128 88,467 189,113 8,694 797,205 77,005
Board of Commissioners
- President Commissioner : Mahmuddin Yasin - Independent Commissioner : Pradjoto - Independent Commissioner : Krisna Wijaya
- Commissioner : Abdul Aziz
- Commissioner : Askolani
- Independent Commissioner : Aviliani
- Independent Commissioner : Anton Hermanto Gunawan
Board of Directors
- Group CEO : Budi Gunadi Sadikin
- Deputy Group CEO : Riswinandi
- Director : Abdul Rachman
- Director : Sentot A. Sentausa
- Director : Ogi Prastomiyono
- Director : Pahala N. Mansury
- Director : Fransisca N. Mok
- Director : Sunarso
- Director : Kresno Sediarsi
- Director : Royke Tumilaar
- Director : Hery Gunardi
Ultimate Shareholder
SHAREHOLDER MANAGEMENT OF THE BANK
STATEMENTS OF CALCULATION OF CAPITAL ADEQUACY RATIO COMMERCIAL BANK
As at 31 December 2014 and 2013 (In Millions of Rupiah)
No.
COMPONENTS OF CAPITAL
31 December 2014 (Audited) 31 December 2013 (Audited)BANK CONSOLIDATED BANK CONSOLIDATED
I. COMPONENTS
A. Core Capital 79,052,150 84,422,801 65,853,989 71,446,525
1. Paid-in Capital 11,666,667 11,666,667 11,666,667 11,666,667
2. Disclosed Reserves 69,487,242 73,601,673 55,739,397 60,059,012
2.1. Additional 69,713,880 73,841,373 55,971,155 60,303,832
a. Agio 17,476,308 17,316,192 17,476,308 17,316,192
b. Donated capital - - -
-c. General reserves 2,333,333 2,333,333 2,333,333 2,333,333
d. Appropriated reserves 4,399,179 4,399,179 2,050,894 2,050,894
e. Previous years profit (100%) 35,651,339 39,628,823 25,413,268 29,325,353
f. Current year profit (50%) 9,755,529 9,960,221 8,571,342 9,056,440
g. Differences arising from translation of financial statement 98,192 203,625 126,010 221,620
h. Funds for Paid-up Capital - - -
-i. Warrant issued (50%) - - -
-j. Stock option issued for stock-based compensation program (50%) - - -
-2.2. Deduction (226,638) (239,700) (231,758) (244,820)
a. Disagio - - -
-b. Previous years loss (100%) - - -
-c. Current year loss (100%) - - -
-d. Differences arising from translation of financial statement - - -
-e. Other comprehensive income: Losses from decrease in fair value of investment in shares classified Available for sale - - -
-f. Difference in allowance for possible losses and allowance for impairment on earning assets - - -
-g. Allowance for impairment on non earning assets which shall be calculated (226,638) (239,700) (231,758) (244,820)
h. Difference in adjustment amounts from fair value of financial assets in trading book - - -
-3. Innovative Capital - - -
-3.1. Subordinated bonds (non cummulative perpetual) - - -
-3.2. Subordinated loans (non cummulative perpetual) - - -
-3.3. Other innovative capital Instrument - - -
-4. Core Capital Deduction (2,101,759) (1,300,731) (1,552,075) (628,743)
4.1. Goodwill - (117,741) - (117,741)
4.2. Other intangible assets - - -
-4.3. Investments in shares (50%) (2,101,759) (1,182,990) (1,552,075) (511,002)
4.4. Shortage of capital on insurance subsidiaries (50%) - - -
-5. Non Controlling Interest - 455,192 - 349,589
B. Supplemental Capital 6,427,547 7,909,442 7,491,432 9,001,217
1. Upper Tier 2 6,936,802 7,499,928 6,691,917 7,160,629
1.1. Preference stock (cummulative perpetual) - - -
-1.2. Subordinated bonds (cummulative perpetual) - - -
-1.3. Subordinated loans (cummulative perpetual) - - -
-1.4. Mandatory convertible bond - - -
-1.5. Innovative capital not included as core capital - - -
-1.6. Other supplemental capital (upper tier 2) - - -
-1.7. Fixed assets revaluation 1,371,121 1,371,121 1,371,121 1,371,121
1.8. General provision on earning assets (max. 1.25% RWA) 5,565,681 6,128,807 5,320,796 5,789,508
1.9. Other comprehensive income: Gain from increase in fair value of investment in shares classified as Available for sale (45%) - - -
-2. Lower Tier 2 maximum 50% of Core Capital 1,592,504 1,592,504 2,351,590 2,351,590
2.1. Redeemable preference shares - - -
-2.2. Subordinated loans and bonds 1,592,504 1,592,504 2,351,590 2,351,590
2.3. Other supplemental capital instrument (lower tier 2) - - -
-3. Supplemental Capital Deduction (2,101,759) (1,182,990) (1,552,075) (511,002)
3.1. Investments in shares (50%) (2,101,759) (1,182,990) (1,552,075) (511,002)
3.2. Shortage of capital on insurance subsidiaries (50%) - - -
-C. Core Capital and Supplemental Capital Deduction - - -
-Securitisation exposure - - -
-D. Additional Supplemental Capital Fulfilling Requirement (Tier 3) - - -
-E. Additional Supplemental Capital Allocated To Anticipate Market Risk - - -
-II. TOTAL CORE CAPITAL AND SUPPLEMENTAL CAPITAL (A+B-C) 85,479,697 92,332,243 73,345,421 80,447,742
III. TOTAL CORE CAPITAL,SUPPLEMENTAL CAPITAL, AND ADDITIONAL SUPPLEMENTAL CAPITAL ALLOCATED TO ANTICIPATE MARKET RISK (A+B-C+E) 85,479,697 92,332,243 73,345,421 80,447,742
IV. CREDIT RISK-WEIGHTED ASSETS 445,254,441 490,304,562 431,632,851 476,508,651
V. OPERATIONAL RISK-WEIGHTED ASSETS 67,786,852 79,510,013 57,671,278 67,642,899
VI. MARKET RISK-WEIGHTED ASSETS 1,863,243 2,446,704 1,972,041 1,990,242
VII. REQUIRED MINIMUM CAPITAL ADEQUACY RATIO FOR CREDIT RISK AND OPERATIONAL RISK {II:(IV+V)} 16.66% 16.20% 14.99% 14.78%
VIII. REQUIRED MINIMUM CAPITAL ADEQUACY RATIO FOR CREDIT RISK, OPERATIONAL RISK AND MARKET RISK {III:(IV+V+VI)} 16.60% 16.13% 14.93% 14.73%
STATEMENTS OF CASH FLOWS
For the Years Ended 31 December 2014 and 2013
(In Millions of Rupiah)
DESCRIPTION
31 December 2014 31 December 2013*)CONSOLIDATED
(Audited) (Audited)
* ) For comparative purposes, certain accounts in the Statement of Cash Flows for the year ended 31 December 2013 have been reclassified to conform with the presentation of Statement of Cash flows for the year ended 31 December 2014.
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from interest income and sharia income
59,752,177
48,006,235
Receipts from fees, commissions and premium - net
11,812,545
11,330,101
Payments of interest expense and sharia expense
(23,121,999) (16,258,800)
Receipts from the sale of Government Bonds - Fair value through profit or loss
26,624,838
26,689,634
Acquisition of Government Bonds - Fair value through profit or loss
(26,249,130) (26,364,288)
Foreign exchange gains/ (losses) - net
1,876,047
(1,684,990)
Other operating income - others
1,360,996
1,126,887
Other operating expenses - others
(2,912,216)
(2,327,867)
Salaries and employee benefits
(10,251,940)
(8,659,586)
General and administrative expenses
(10,266,219)
(8,935,985)
Non operating income - net
29,909
523,356
Payment of corporate income tax
(5,716,191)
(5,911,725)
Cash Flow From Operating Activities Before Changes in Operating Assets and Liabilities
22,938,817
17,532,972
Decrease/(increase) in operating assets:
Placements with Bank Indonesia and other banks
(2,321,185)
(975,057)
Marketable securities - Fair value through profit or loss
(11,765,022)
(743,827)
Other receivables - trade transactions
(4,289,584)
(2,273,965)
Loans
(59,909,017) (85,610,294)
Securities purchased under resale agreements
(16,049,132)
10,777,622
Consumer financing receivable
(1,590,704)
(833,329)
Net investment in lease financing
(165,177)
(291,229)
Prepaid taxes
(1,465,433)
(1,098,375)
Prepaid expense
(348,490)
(53,253)
Other assets
(1,583,311)
172,342
Proceeds from collection of financial assets already written - off
2,607,206
3,002,556
Increase/(decrease) in operating liabilities and temporary syirkah funds:
Conventional Banking
Demand deposits
4,832,745
10,098,878
Saving deposits
15,682,853
32,276,298
Time deposits
57,414,439
21,255,943
Inter-bank call money
1,611,150
953,750
Obligation due immediately
394,236
(932,101)
Liability to unit - linked policyholders
5,340,802
968,758
Other taxes payable
244,614
(211,620)
Other liabilities
3,910,075
1,523,844
Sharia Banking - Temporary Syirkah Funds
Demand deposit - restricted investment and demand deposit - mudharabah musytarakah
(4,342)
14,717
Saving deposit - restricted investment and mudharabah saving deposit - unrestricted investment
509,134
2,210,646
Mudharabah time deposit - unrestricted investment
5,097,017
4,968,241
Net cash provided by operating activities
21,091,691
12,733,517
CASH FLOWS FROM INVESTING ACTIVITIES
Increase in marketable securities - Available for sale and Held to maturity
(965,192)
(6,410,209)
Increase in Government Bonds - Available for sale and Held to maturity
(3,169,133)
(4,642,580)
Proceeds from sale of fixed assets
6,661
119,287
Acquisition of fixed assets
(2,250,724)
(1,584,388)
Acquisition of intangible assets
(705,614)
(439,775)
Sale of investment in PT Bumi Daya Plaza shares
-
264,000
Sale of investment in PT Usaha Gedung Mandiri shares
-
132,000
Net cash used in investing activities
(7,084,002) (12,561,665)
CASH FLOWS FROM FINANCING ACTIVITIES
Decrease of investment in Subsidiaries
(36,365)
98,830
Increase in marketable securities issued
230,028
233,721
Increase in fund borrowings
8,026,295
6,688,977
Payment of Subordinated Loans
(719,041)
(672,335)
Increase in securities sold under repurchase agreements
1,456,440
4,656,149
Payments of dividends
(5,461,126)
(4,651,220)
Net cash provided by financing activities
3,496,231
6,354,122
NET INCREASE IN CASH AND CASH EQUIVALENTS
17,503,920
6,525,974
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENT
277,305
2,993,395
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
121,023,158
111,503,789
CASH AND CASH EQUIVALENTS AT END OF YEAR
138,804,383
121,023,158
Cash and cash equivalent at end of year consist of :
Cash
20,704,563
19,051,934
Current accounts with Bank Indonesia
50,598,840
43,904,419
Current accounts with other banks
8,986,831
14,048,075
Placements with Bank Indonesia and other banks
57,690,864
44,018,730
Certificate of Bank Indonesia
823,285
-Total cash and cash equivalents
138,804,383
121,023,158
Supplemental Cash Flows Information
Activities not affecting cash flows :
