*) 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 classified "At Cost", accordance with SFAS 110 "Accounting for Sukuk", which was effective since 1 January 2012.
STATEMENTS OF COMMITMENTS AND CONTINGENCIES
As at 30 September 2015 and 31 December 2014 (In Millions of Rupiah)
STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
For the Periods Ended 30 September 2015 and 2014 (In Millions of Rupiah)
No. DESCRIPTION
BANK
CONSOLIDATED
30 September 2015 30 September 2014 30 September 2015 30 September 2014
STATEMENTS OF FINANCIAL POSITION
As at 30 September 2015 and 31 December 2014 (In Millions of Rupiah)
No. DESCRIPTION BANK CONSOLIDATED
30 September 2015 31 December 2014 30 September 2015 31 December 2014
(Audited) (Audited)
No. DESCRIPTION 30 September 2015 31 December 2014 30 September 2015 31 December 2014
BANK
CONSOLIDATED
(Audited) (Audited)
I. COMMITMENT RECEIVABLES 1. Unused fund borrowings facilities
a. Rupiah - - -
-b. Foreign currencies 4,395,000 1,238,500 4,395,000 1,238,500 2. Outstanding purchase position on spot and derivative 481,512 517,643 481,512 517,643
3. Others - - -
-II. COMMITMENT PAYABLES 1. Unused loan facilities granted to customer
a. BUMN i. Committed
- Rupiah 7,367,132 8,784,000 7,367,132 8,784,000
- Foreign currencies 567,440 829,871 567,440 829,871
ii. Uncommitted
- Rupiah 8,046,578 8,560,597 8,046,578 8,560,597
- Foreign currencies 448,009 371,870 448,009 371,870
b. Others
i. Committed 23,034,304 23,909,362 23,035,268 23,910,508 ii. Uncommitted 59,440,670 50,111,245 59,861,462 50,900,502 2. Unused loan facilities granted to other banks
a. Committed
i. Rupiah 71,833 38,620 71,833 38,620
ii. Foreign currencies - - -
-b. Uncommitted
i. Rupiah 2,000 10,000 2,000 10,000
ii. Foreign currencies - - -
-3. Outstanding irrevocable letters of credit
a. Foreign L/C 10,176,511 12,255,309 10,187,179 12,287,396
b. Local L/C 3,754,262 2,852,728 3,767,009 2,880,718
4. Outstanding sales position on spot and derivative 1,741,061 174,640 1,741,061 174,640
5. Others - - -
-III. CONTINGENT RECEIVABLES 1. Guarantees received
a. Rupiah 687,032 453,429 689,375 455,772
b. Foreign currencies 20,957,866 18,305,893 20,960,993 18,308,707 2. Unrecognized interest income
a. Interest loan 7,806,424 7,615,239 7,812,357 7,620,314
b. Others interest 51,949 51,949 1,373,795 946,905
3. Others 32,729 32,729 32,729 32,729
IV. CONTINGENT PAYABLES 1. Guarantees issued
a. Rupiah 32,425,283 28,458,307 32,548,659 28,563,086
b. Foreign currencies 51,430,434 44,501,007 51,688,217 44,539,265
2. Others 401,915 377,195 401,915 377,195
ASSETS
1. Cash 17,002,459 18,719,445 19,062,408 20,704,563
2. Placements with Bank Indonesia 91,383,590 83,185,965 96,831,699 93,335,143
3. Placements with other banks 28,718,849 24,227,538 31,789,938 27,463,279
4. Spot and derivative receivables 109,491 75,289 109,491 75,289
5. Securities
a. Fair value through profit/loss 2,940,176 2,442,863 19,098,323 22,381,653
b. Available for sale 89,605,116 66,730,393 91,409,818 67,678,009
c. Held to maturity ***) 25,438,789 24,644,673 32,563,698 29,406,588
d. Loans and receivables - - -
-6. Securities sold with agreement to repurchase (Repo) 3,532,318 7,088,104 3,532,318 7,088,104 7. Securities purchased with agreement to resell (Reverse Repo) 222,475 18,528,320 1,849,002 19,786,745
8. Acceptances receivables 26,746,538 13,114,059 26,746,538 13,114,059
9. Loans
a. Fair value through profit/loss - - -
-b. Available for sale - - -
-c. Held to maturity - - -
-d. Loans and receivables 502,779,253 475,266,826 552,660,011 523,101,817
10. Consumer finance receivables - - 7,297,068 6,087,987
11. Sharia financing - - -
-12. Investments in shares 4,854,148 4,235,368 58,652 58,672
13. Policy holder's investment in Unit Link Contract - - -
-14. Allowance for impairment on financial assets
-/-a. Securities (135,789) (127,801) (286,400) (272,861)
b. Loans (19,422,139) (15,927,985) (21,191,957) (17,706,947)
c. Others (2,274,967) (1,850,478) (2,502,010) (2,077,815)
15. Intangible assets 2,681,316 2,565,198 3,430,910 3,219,982
Accumulated amortisation for intangible assets -/- (1,652,018) (1,472,270) (1,785,601) (1,575,399)
16. Premises and equipment 14,356,614 13,716,579 16,222,616 15,487,052
Accumulated depreciation for premises and equipment -/- (6,194,142) (5,514,581) (7,415,311) (6,558,196) 17. Non earning assets
a. Abandoned properties 150,039 150,039 150,272 150,272
b. Repossessed assets 19,815 19,815 33,537 33,537
c. Suspense account 704,522 480,606 704,522 480,606
d. Inter office assets
i. Operational activities conducted in Indonesia (16,971,114) (12,382,956) (16,971,114) (12,382,956) ii. Operational activities conducted outside Indonesia 17,093,241 12,484,994 17,093,241 12,484,994 18. Allowance for impairment on non financial assets -/- (255,160) (249,240) (268,222) (262,302)
19. Lease Financing - - 672,546 783,737
20. Deferred tax assets 3,637,243 3,803,325 3,986,089 4,189,120
21. Other assets 25,178,652 23,085,124 30,877,218 28,764,941
TOTAL ASSETS 810,249,315 757,039,212 905,759,300 855,039,673
LIABILITIES AND EQUITY LIABILITIES
1. Demand deposits **) 162,666,893 123,042,656 168,386,966 128,067,091
2. Savings deposits **) 223,986,175 229,454,611 247,520,794 252,444,999
3. Time deposits **) 207,595,059 223,828,534 238,687,635 255,870,003
4. Investment fund - revenue sharing - - -
-5. Fund from Bank Indonesia - - -
-6. Fund from other banks **) 39,223,352 17,690,236 39,640,052 17,772,200
7. Spot and derivative liabilities 1,372,717 160,038 1,372,717 160,038
8. Liabilities sold with repo agreements to repurchase (Repo) 3,197,103 6,112,589 3,197,103 6,112,589
9. Acceptances liabilities 26,746,538 13,114,059 26,746,538 13,114,059
10. Securities issued 564 564 1,725,536 1,924,934
11. Fund borrowings 20,543,252 25,129,019 23,923,819 27,975,628
12. Margin deposits received 1,607,381 1,849,027 1,607,381 1,849,027
13. Inter office liabilities
a. Operational activities conducted in Indonesia - - -
-b. Operational activities conducted outside Indonesia - - -
-14. Deferred tax liabilities - - -
-15. Liability to Unit Link Holders - - 14,776,236 17,343,799
16. Other liabilities 17,909,754 19,326,331 25,037,524 27,560,744
17. Investment fund - profit sharing - - -
-TOTAL LIABILITIES 704,848,788 659,707,664 792,622,301 750,195,111
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 152,489 98,192 369,290 203,625 b. Gain (Losses) from changes of financial assets on available for sale (2,512,301) (699,084) (2,456,694) (600,479)
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 (6,800) - (11,906)
-g. Income tax related to other comprehensive income 493,595 139,817 499,303 137,095
h. Others (22,967) (22,967) (107,115) (107,964)
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 7,022,115 4,399,179 7,022,115 4,399,179
25. Retained Earning
a. Previous years *) 54,349,199 42,511,775 59,719,329 47,438,360
b. Current year 14,448,889 19,428,328 14,582,523 19,871,873
TOTAL EQUITY ATTRIBUTABLE TO OWNER 105,400,527 97,331,548 110,933,037 102,657,881
26. Non controlling interest - - 2,203,962 2,186,681
TOTAL EQUITY 105,400,527 97,331,548 113,136,999 104,844,562
TOTAL LIABILITIES AND EQUITY 810,249,315 757,039,212 905,759,300 855,039,673
Jakarta, 30 October 2015 S. E & O Board of Directors PT Bank Mandiri (Persero) Tbk.
Budi G. Sadikin Kartika Wirjoatmodjo
President Director Director
PT Bank M andiri (Persero) Tbk. and Subsidiaries
CO N SO LI D ATED FI N AN CI AL STATEM EN TS
* ) For comparative purposes, certain accounts in the Statement of Cash Flows for the periods ended 30 September 2014 have been reclassified to conform with the presentation of Statement of Cash flows for the periods ended 30 September 2015.
STATEMENTS OF CALCULATION OF FINANCIAL RATIOS
As at 30 September 2015 and 2014 (In %)
No. RATIOS
BANK
30 September 2015 30 September 2014
PERFORMANCE RATIOS
1. Capital Adequacy Ratio (CAR) 17.81% 16.47%
2. Non performing earning assets and non performing non earning assets
to total earning assets and non earning assets 1.53% 1.20% 3. Non performing earning assets to total earning assets 1.91% 1.44% 4. Allowance for impairment on financial assets to earning assets 2.95% 2.68%
5. Gross NPL 2.41% 1.68%
6. Net NPL 0.74% 0.46%
7. Return on Asset (ROA) 3.00% 3.53%
8. Return on Equity (ROE) 22.49% 25.15%
9. Net Interest Margin (NIM) 5.63% 5.87%
10. Operating Expenses to Operating Income 70.26% 64.95%
11. Loan to Deposit Ratio (LDR) 84.27% 84.34%
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% 8.10%
b. Reserve requirement Foreign currencies 8.10% 8.10%
3. Net Open Position - Overall 0.47% 1.07%
STATEMENTS OF SPOT AND DERIVATIVE TRANSACTIONS
As at 30 September 2015 (In Millions of Rupiah)
No. TRANSACTION Type Derivative Receivables & Payables
Trading Hedging Receivables Payables BANK
Notional Amount
A. Exchange Rate Related
1. Spot 6,035,899 5,379,413 656,486 8,540 7,576
2. Forward 13,624,279 - 13,624,279 24,494 602,515
3. Option
a. Written - - - -
-b. Purchased - - - -
-4. Future - - - -
-5. Swap 28,232,174 27,551,411 680,763 73,559 723,366
6. Others - - - -
-B. Interest Rate Related
1. Forward - - - -
-2. Option
a. Written - - - -
-b. Purchased - - - -
-3. Future - - - -
-4. Swap 42,913,322 - 42,913,322 2,898 39,260
5. Others - - - -
-C. Others - - - -
-TOTAL 90,805,674 32,930,824 57,874,850 109,491 1,372,717
Notes :
1. Presentation of the above published Financial Statement as at and for nine months ended 30 September 2015 and 2014 are derived form 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 2014 are derived from the Consolidated Financial Statement of PT Bank Mandiri (Persero) Tbk and subsidiaries which were audited by Public Accounting Firm KAP Tanudiredja, Wibisana & Rekan – a member Firm of PwC Global Network with partner in charge Drs.Haryanto Sahari,CPA whose report dated 2 February 2015 expressed an Unqualified Opinion.
2. The above Published Financial Statements are presented to comply with Otoritas Jasa Keuangan Regulation No. 6/POJK.03/2015 dated 31 March 2015 regarding Transparency and Published Financial Statements of the Bank and Circular Letter of Otoritas Jasa Keuangan No.11/SEOJK.03/2015 dated 17 April 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. Decision of Chairman of Bapepam-LK No.Kep-346/BL/2011 dated 5 July 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 been prepared in accordance with Bapepam-LK regulation No.VIII.G7. Decision of Chairman of Bapepam-LK No.Kep-347/BL/2012 dated 25 June 2012.
3. Bank has adjusted Consolidated Financial Statements for the year 2015 in respect of the Implementation of SFAS 24 (Revised 2013) regarding Actuarial Benefit Program.
4. 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.
5. Since 21 January 2015, the Financial Statements of PT Mandiri Utama Finance has been consolidated into the Consolidated Financial Statements of PT Bank Mandiri (Persero) Tbk. and Subsidiaries upon acquisition of 51.00% ownership in PT Mandiri Utama Finance by PT Bank Mandiri (Persero) Tbk.
6. Since 23 June 2015, the Financial Statements of PT Mandiri Capital Indonesia has been consolidated into the Consolidated Financial Statements of PT Bank Mandiri (Persero) Tbk. and Subsidiaries upon acquisition of 99.00% ownership in PT Mandiri Capital Indonesia by PT Bank Mandiri (Persero) Tbk.
7. Exchange rate of 1 US Dollar as at 30 September 2015, 30 September 2014 and 31 December 2014 were Rp14,650.00; Rp12,185.00 and Rp12,385.00 respectively.
No. DESCRIPTION
30 September 2015 30 September 2014
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 30 September 2015 and 2014 (In Millions of Rupiah)
1. Placements with other banks 53,840 36,383 286,650 53,840 38,588 49,586 220,972 49,587
2. Spot and derivative receivables - - 1,010 - - - 1,062
-3. Securities 121,725 14,064 234,304 87,000 123,000 5,325 149,832 86,912
4. Securities sold with agreement to repurchase (Repo) - - -
-5. Securities purchased with agreement to resell (Reverse Repo) - - 2,225 - - - -
-6. Acceptances receivables 178,393 95,213 266,092 7,675 75,988 73,445 99,166 22,696
7. Loans 11,861,475 7,560,664 4,666,002 9,211,906 8,753,783 6,581,253 4,242,571 7,115,023
8. Investments in shares 61,040 - 582 113,875 39,999 - 50 318,583
9. Temporary invesment 146 - - 146 169 - - 169
10. Other Receivable - Trade Transaction 1,813,227 36,725 121,874 1,207,639 1,499,716 28,797 112,371 1,023,429
11. Commitments and contingencies 206,526 19,040 971,218 57,899 191,603 38,400 782,977 304,997
STATEMENTS OF CALCULATION OF CAPITAL ADEQUACY RATIO COMMERCIAL BANK
*)As at 30 September 2015 and 2014 (In Millions of Rupiah)
No. COMPONENTS OF CAPITAL 30 September 2015 30 September 2014 BANK CONSOLIDATED BANK CONSOLIDATED
I. Core Capital (Tier 1) 88,699,278 97,082,585 76,812,018 82,275,762
1. Core Capital (Common Equity Tier 1) 88,699,278 97,082,585 76,812,018 82,275,762
1.1 Paid-in Capital 11,666,667 11,666,667 -
-1.2 Disclosed Reserves 86,497,004 92,105,706 -
-1.2.1 Agio/Disagio 17,476,308 17,316,192 -
-1.2.2 Donated capital - - -
-1.2.3 General reserves 2,333,333 2,333,333 -
-1.2.4 Previous years profit/(loss) 54,349,199 59,719,329 -
-1.2.5 Current year profit/(loss) 14,448,889 14,582,523 -
-1.2.6 Differences arising from translation of financial statement 152,489 369,290 -
-1.2.7 Funds for paid-up capital - - -
-1.2.8 Warrant issued - - -
-1.2.9 Stock option issued for stock-based compensation program - - -
-1.2.10 Other comprehensive income (2,018,706) (1,957,391) -
-1.2.11 Surplus of fixed assets revaluation - - -
-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 (244,508) (257,570) -
-1.2.14 Difference in adjusment amounts from fair value of financial assets in trading book - - -
-1.3 Non Controlling Interest - 873,661 -
-1.4 Deduction (9,464,393) (7,563,449) -
-1.4.1 Deffered tax calculated (3,637,243) (3,828,853) -
-1.4.2 Goodwill - (117,741) -
-1.4.3 Other intangible assets (1,029,298) (1,121,821) -
-1.4.4 Investments in shares (4,797,852) (2,495,034) -
-1.4.5 Shortage of capital on insurance subsidiaries - - -
-1.4.6 Securitisation exposure - - -
-1.4.7 Other deduction core capital - - -
-1.4.8 Instrument AT1 and Tier 2 to other bank investment - - -
-2. Additional Tier 1 - - -
-2.1 Instrument of AT1 - - -
-2.2 Agio/Disagio - - -
-2.3 Deduction: Instrument AT1 and Tier 2 to other bank investment - - -
-II. Supplemental Capital (Tier 2) 14,330,844 14,945,464 6,526,558 8,117,067
1. Capital Instrument in the form of Stock or others which comply with regulations 1,079,099 1,079,099 -
-2. Agio/disagio supplemental capital - - -
-3. General provison on earning assets (max, 1,25% credit risk weighted assets) 6,229,630 6,844,250 -
-4. Appropriated reserves 7,022,115 7,022,115 -
-5. Deduction supplemental capital (Tier 2) - - -
-5.1 Sinking Fund - - -
-5.2 Instrument Tier 2 to other bank investment - - -
-III. Total Core Capital and supplemental capital (I+II) 103,030,122 112,028,049 83,338,576 90,392,829
RISK WEIGHTED ASSETS CAR
CREDIT RISK - WEIGHTED ASSETS 498,370,438 547,540,006 436,459,848 481,124,564 CET1 RATIO 15.33% 15.06% 15.18% 14.63% MARKET RISK - WEIGHTED ASSETS 1,442,122 1,559,939 1,631,089 1,581,683 Tier 1 Ratio 15.33% 15.06% 15.18% 14.63% OPERATIONAL RISK - WEIGHTED ASSETS 78,627,774 95,640,437 67,786,852 79,510,013 Tier 2 Ratio 2.48% 2.32% 1.29% 1.45% TOTAL RISK WEIGHTED ASSETS 578,440,334 644,740,382 505,877,789 562,216,260 Total Ratio 17.81% 17.38% 16.47% 16.08%
CAR BASED ON RISK PROFILE 9.00% 9.00% 9.00% 9.00%
30 September 2015 30 September 2014 30 September 2015
Description 30 September 2014 Bank Consolidated Bank Consolidated Bank Consolidated Bank Consolidated
*) Capital Adequacy Ratio as at 30 September 2015 has been calculated based on Bank Indonesia Regulation (PBI) No.15/12/PBI/2013 regarding Minimum Capital Adequacy Requirement for Commercial Bank, Capital Adequacy Ratio as at 30 September 2014 has been calculated based on PBI No.14/18/PBI/2012 regarding Minimum Capital Adequacy Requirement for Commercial Bank.
STATEMENTS OF ASSETS’ QUALITY AND OTHER INFORMATION
As at 30 September 2015 and 2014 (In Millions of Rupiah)
No. DESCRIPTION 30 September 2015 30 September 2014
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. 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 Receivable - Trade Transaction 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. 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 Receivable - Trade Transaction 11. Commitments and contingencies
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 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. 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 22 - - - - 22
1,752,855 - - - - 1,752,855 1,660,321 - - - - 1,660,321
1 - - - - 1 - - -
-- - - - - - -
-274,410 - - - - 274,410 260,028 - - - - 260,028
19,493 - - - - 19,493 8,759 - - - - 8,759
- - - - - - -
-- - - - - - -
-- - - - - - -
-- - - - - - -
-3,497,285 - - - - 3,497,285 2,265,170 - - - - 2,265,170
1,792 - - - - 1,792 - - - - -
-1,792 - - - - 1,792 - - -
-- - -
12,482,639 849 - - - 12,483,488 10,792,285 831 - - - 10,793,116
2,887,221 849 - - - 2,888,070 3,514,562 831 - - - 3,515,393
9,595,418 - - - - 9,595,418 7,277,723 - - - - 7,277,723
- - - - - - - - - - -
-- - - - - - -
-- - - - - - -
-9,997 285 - - - 10,282 14,861 - - - - 14,861
4,235,629 - 591,227 - 25,191 4,852,047 3,644,451 - - 414,227 111,469 4,170,147
- - - - - - -
-9,406 - - - - 9,406 - - -
-1,057,394 414 - - - 1,057,808 611,240 681 - - - 611,921
6,207,209 - - - - 6,207,209 6,184,609 - - - - 6,184,609
- - -
-11,211,095 - - - - 11,211,095 20,734,066 - - - - 20,734,066
55,634,636 - - - 53,840 55,688,476 40,187,109 - - - 49,587 40,236,696
106,755 - - - - 106,755 113,387 - - - - 113,387
2,735 - - - - 2,735 10,532 - - - - 10,532
84,896,535 - - - 87,000 84,983,535 80,783,541 - - - 86,912 80,870,453
32,706,643 - - - - 32,706,643 16,888,746 - - - - 16,888,746
3,532,318 - - - - 3,532,318 2,851,477 - - - - 2,851,477
- - - - - - -
-222,475 - - - - 222,475 1,463,810 - - - - 1,463,810
- - - - - - -
-23,111,987 129,153 8,113 - - 23,249,253 7,651,497 453,913 - - - 8,105,410 63,372,256 5,892,645 543,038 808,300 2,097,368 72,713,607 61,864,962 5,292,406 267,413 445,637 1,958,688 69,829,106 63,058,863 5,887,557 543,038 808,300 2,097,368 72,395,126 61,553,074 5,281,813 267,413 445,637 1,958,688 69,506,625
313,393 5,088 - - - 318,481 311,888 10,593 - - - 322,481
390,743,554 18,138,903 2,479,556 2,325,947 3,892,406 417,580,366 351,599,850 14,667,369 1,057,121 317,154 3,578,230 371,219,724 327,560,866 15,045,962 1,020,932 2,319,490 3,026,905 348,974,155 290,748,579 12,482,015 316,717 317,154 2,712,626 306,577,091 63,182,688 3,092,941 1,458,624 6,457 865,501 68,606,211 60,851,271 2,185,354 740,404 - 865,604 64,642,633 12,972,899 8,801,703 1,713,565 1,838,050 1,114,213 26,440,430 5,144,437 3,262,257 499,798 17,650 1,233,238 10,157,380 4,971,182 6,339,707 466,875 1,838,050 854,019 14,469,833 2,064,693 1,561,253 25,398 17,650 877,927 4,546,921 8,001,717 2,461,996 1,246,690 - 260,194 11,970,597 3,079,744 1,701,004 474,400 - 355,311 5,610,459 34,590,084 3,485,564 123,947 113,036 376,595 38,689,226 24,619,931 3,642,649 95,417 87,285 348,587 28,793,869
1,955 - - - - 1,955 1,955 - - - - 1,955
- - - - 146 146 - - - 339 - 339
12,177,935 723,244 51,815 - 1,163,705 14,116,699 11,237,127 619,433 - - 992,457 12,849,017 116,178,800 593,325 3,854 19,686 13,431 116,809,096 98,560,794 550,115 393 1,625 79,949 99,192,876 72,102,550 572,458 3,082 12,208 45 72,690,343 60,411,447 332,318 - - 200,636 60,944,401
- - - - 19,815 19,815 - - - - 19,815 19,815
-
--
-21,832,895 17,269,649
16,260,820 13,442,423
14.46% 15.45%
6.01% 6.79%
50.56% 49.56%
47.64% 46.37%
9,253,468 9,788,352
-
-4,420,661 2,130,008
1,951,481 1,882,705
-
-SHAREHOLDER MANAGEMENT OF THE BANK
Ultimate Shareholder Board of Commissioners
- President Commissioner*) :
-- Deputy President Commissioner : Imam Apriyanto Putro - Independent Commissioner : Abdul Aziz
- Commissioner : Askolani
- Independent Commissioner : Aviliani
- Commissioner : Suwhono
- Independent Commissioner : Goei Siauw Hong - Independent Commissioner : Bangun Sarwito Kusmuljono
Board of Directors
- President Director : Budi Gunadi Sadikin - Vice President Director : Sulaiman Arif Arianto - Director : Sentot A. Sentausa - Director : Ogi Prastomiyono - Director : Pahala N. Mansury - Director : Royke Tumilaar - Director : Hery Gunardi - Director : Tardi **) - Director : Ahmad Siddik Badruddin - Director : Kartini Sally - Director : Kartika Wirjoatmodjo ***)
*) Tenure Mr. Darmin Nasution as Commissioner ends in connection with his appointment as Coordinating Minister for the Economy on August 12, 2015 and has not been appointed President Commissioner of the Substitute (vacant). **) Has been approved by Otoritas Jasa Keuangan upon Fit & Proper Test.
***) Has obtained approval by Otoritas Jasa Keuangan on Fit & Proper Test and his appointment was effected by the issuance of Decree of the President of the Republic of Indonesia Number 124 / M Year 2015 dated August 10, 2015 on Members of the Board of Commissioners accredited to the dismissal of Chief Executive of the Lembaga Penjamin Simpanan.
STATEMENTS OF CASH FLOWS
For the Periods Ended 30 September 2015 and 2014 (In Millions of Rupiah)
DESCRIPTION
CONSOLIDATED
30 September 2015 30 September 2014*)
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from interest income and sharia income
50,366,610
43,310,101
Receipts from fees, commissions and premium - net
10,012,566
8,581,484
Payments of interest expense and sharia expenses
(20,216,477) (16,732,987)
Receipts from the sale of Government Bonds - Fair value through profit or loss
31,697,647
19,934,491
Acquisition of Government Bonds - Fair value through profit or loss
(32,508,290) (20,686,420)
Foreign exchange gains/ (losses) - net
4,607,791
485,977
Other operating income - others
2,231,169
999,624
Other operating expenses - others
(3,641,387)
(3,005,370)
Salaries and employee benefits
(8,995,493)
(8,291,699)
General and administrative expenses
(7,993,175)
(7,084,555)
Non operating income - net
7,133
20,398
Payment of corporate income tax
(4,168,193)
(3,207,446)
Cash Flow From Operating Activities Before Changes in Operating Assets and Liabilities
21,399,901
14,323,598
Decrease/(increase) in operating assets:
Placements with Bank Indonesia and other banks
(701,125)
362,988
Marketable securities - Fair value through profit or loss
7,832,505
(6,219,387)
Other receivables - trade transactions
(765,662)
(3,955,192)
Loans
(34,925,330) (35,676,842)
Securities purchased under resale agreements
17,937,743
826,374
Consumer financing receivable
(1,349,336)
(856,116)
Net investment in lease financing
104,002
(136,798)
Prepaid taxes
(292,153)
(280,501)
Prepaid expense
(850,988)
(657,893)
Other assets
341,813
(1,686,156)
Proceeds from collection of financial assets already written - off
1,879,849
1,836,585
Increase/(decrease) in operating liabilities and temporary syirkah funds:
Conventional Banking
Demand deposits
41,448,084
8,668,048
Saving deposits
(5,588,361)
(5,935,745)
Time deposits
5,605,148
44,987,920
Inter-bank call money
(360,750)
(823,913)
Obligation due immediately
308,963
368,192
Liability to unit - linked policyholders
(2,567,563)
4,286,536
Other taxes payable
(415,423)
(966,281)
Other liabilities
110,007
5,207,331
Sharia Banking - Temporary Syirkah Funds
Demand deposit - restricted investment and demand deposit - mudharabah musytarakah
(1,404)
(2,259)
Saving deposit - restricted investment and mudharabah saving deposit - unrestricted investment
303,116
(347,082)
Mudharabah time deposit - unrestricted investment
(1,326,629)
3,800,827
Net cash provided by operating activities
48,126,407
27,124,234
CASH FLOWS FROM INVESTING ACTIVITIES
Increase in marketable securities - Available for sale and Held to maturity
(13,735,545)
(2,286,940)
Increase in Government Bonds - Available for sale and Held to maturity
(15,465,430)
(3,811,886)
Proceeds from sale of fixed assets
3,806
68
Acquisition of fixed assets
(748,771)
(1,086,647)
Acquisition of intangible assets
(210,928)
(82,324)
Net cash used in investing activities
(30,156,868)
(7,267,729)
CASH FLOWS FROM FINANCING ACTIVITIES
(Increase)/decrease of investment in Subsidiaries
(560,159)
712,792
(Decrease)/increase in marketable securities issued
(205,035)
234,459
Decrease in fund borrowings
(7,688,302)
(364,692)
Increase/(Decrease) of Subordinated Loans
4,316
(723,335)
Increase in securities sold under repurchase agreements
(2,915,486)
(2,093,816)
Payments of dividends
(4,967,968)
(5,461,126)
Net cash provided by financing activities
(16,332,634)
(7,695,718)
NET INCREASE IN CASH AND CASH EQUIVALENTS
1,636,905
12,160,787
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENT
3,157,836
811,063
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
138,804,383
121,023,158
CASH AND CASH EQUIVALENTS AT END OF YEAR
143,599,124
133,995,008
Cash and cash equivalent at end of year consist of :
Cash
19,062,408
15,727,497
Current accounts with Bank Indonesia
54,400,550
47,540,361
Current accounts with other banks
17,014,476
9,427,746
Placements with Bank Indonesia and other banks
52,983,598
59,557,004
Certificate of Bank Indonesia
138,092
1,742,400
Total cash and cash equivalents
143,599,124
133,995,008
Supplemental Cash Flows Information
Activities not affecting cash flows :
Unrealised losses from decrease in fair value of available for sale marketable securities
and Government Bonds - net of deffered tax
(2,064,506)
(774,384)
Acquisition of fixed assets - payable
(290,169)
(413,369)
OPERATING INCOME AND EXPENSESA. Interest Income and Sharia, Interest Expenses and Sharia, and Premium Income and Claim Expenses
1. Interest Income and Sharia Income 46,443,063 39,694,839 52,637,202 45,275,388
a. Rupiah 43,017,293 36,947,628 48,989,943 42,355,310
b. Foreign currencies 3,425,770 2,747,211 3,647,259 2,920,078
2. Interest Expenses and Sharia Expenses 17,756,479 14,663,529 20,185,098 16,969,790
a. Rupiah 16,760,688 14,056,964 19,182,414 16,358,763
b. Foreign currencies 995,791 606,565 1,002,684 611,027
Net Interest Income and Sharia Income (Expenses) 28,686,584 25,031,310 32,452,104 28,305,598
3. Premium Income - - 7,342,001 7,068,151
4. Claim Expense - - 4,900,944 5,084,334
Net Premium Income (Claim Expenses) - - 2,441,057 1,983,817
Net Interest and Sharia Income (Expenses), and Net Premium Income (Claim Expenses) 28,686,584 25,031,310 34,893,161 30,289,415 B. Other Operating Income and Expenses
1. Other Operating Income 12,901,795 10,131,751 13,403,096 10,902,890
a. Increase in fair value of financial assets
i. Securities 1,212 2,923 - 69,742
ii. Loans - - -
-iii. Spot and derivative 1,209,835 1,026,511 1,209,835 1,026,510
iv. Other financial assets - - -
-b. Decrease in fair value of financial liabilities - - -
-c. Gain from sale of financial assets
i. Securities 296,159 160,449 274,294 200,476
ii. Loans - - -
-iii. Other financial assets - - -
-d. Gain from spot and derivative transaction (realised) 161,839 141,970 184,597 161,703
e. Dividend 752,534 561,119 605
-f. Gain from investment in shares with equity method - - -
-g. Comissions/provisions/fees and administrative 7,009,260 5,939,985 7,597,656 6,627,524
h. Recovery on allowance for impairment 2,712 9,031 51,843 10,582
i. Other income 3,468,244 2,289,763 4,084,266 2,806,353
2. Other Operating Expenses 23,941,217 17,700,330 29,411,981 22,220,921
a. Decrease in fair value of financial assets
i. Securities - - 194,679
-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 - - 5,549
-ii. Loans 7,436,048 2,836,117 8,136,703 3,408,803
iii. Sharia financing - - -
-iv. Other financial assets 149,072 133,562 341,660 301,450
f. Losses related to operational risk (2,051) 7,576 (2,051) 7,576
g. Losses from investment in shares under equity method - - -
-h. Comissions/provisions/fees and administrative 580,934 519,825 580,934 519,825
i. Impairment on non financial assets 18,016 48,926 60,489 43,171
j. Salaries and employee benefits 6,955,737 6,165,872 8,698,277 7,772,007
k. Promotion expenses 543,311 561,177 645,234 658,251
l. Other expenses 8,260,150 7,427,275 10,750,507 9,509,838
Other Operating Income (Expenses) (11,039,422) (7,568,579) (16,008,885) (11,318,031)
PROFIT (LOSS) FROM OPERATIONS 17,647,162 17,462,731 18,884,276 18,971,384
NON OPERATING INCOME AND EXPENSES
1. Gain (Losses) from sale of premises and equipment 88 3,367 101 3,427
2. Gain (Losses) from foreign currencies translation - - -
-3. Other non operating income (expenses) 15,224 11,654 7,032 16,971
PROFIT (LOSS) FROM NON OPERATING 15,312 15,021 7,133 20,398
PROFIT (LOSS) CURRENT PERIOD BEFORE TAX 17,662,474 17,477,752 18,891,409 18,991,782
Income tax expenses
a. Estimated current tax (2,693,725) (2,566,015) (3,152,813) (3,050,661)
b. Deffered tax income (expenses) (519,860) (898,474) (578,613) (902,401)
PROFIT (LOSS) AFTER INCOME TAX - NET 14,448,889 4,013,263 15,159,983 15,038,720
OTHER COMPREHENSIVE INCOME 1. Unreclassified accounts to profit (loss)
a. Premises and equipment revaluation increment - - -
-b. Gain (losses) from actuarial benefit program (6,800) - (11,906)
-c. Other comprehensive income from entity associations - - -
-d. Others - - -
-e. Income tax related to unreclassified accounts to profit (loss) - - -
-2. Reclassified accounts to profit (loss)
a. Adjustment arising from translation of financial statement 54,297 (10,403) 165,665 (9,210) b. Gain (Losses) from changes of financial assets on available for sale (1,813,215) 789,860 (1,856,215) 803,570
c. Effective cash flow hedges - - -
-d. Others - - -
-e. Income tax related to reclassified accounts to profit (loss) 353,776 (157,972) 363,057 (160,714) Other comprehensive income current period after income tax - net (1,411,942) 621,485 (1,339,399) 633,646 TOTAL OTHER COMPREHENSIVE INCOME CURRENT PERIOD 13,036,947 14,634,748 13,820,584 15,672,366 Income atributtable to :
Parent Company 14,448,889 14,013,263 14,582,523 14,453,515
Non controlling interest - - 577,460 585,205
TOTAL INCOME CURRENT PERIOD 14,448,889 14,013,263 15,159,983 15,038,720
Total other comprehensive income atributtable to :
Parent Company (1,411,942) 621,485 (1,339,399) 633,646
Non controlling interest - - -
-TOTAL OTHER COMPREHENSIVE INCOME CURRENT PERIOD (1,411,942) 621,485 (1,339,399) 633,646 Total comprehensive income atributtable to :
Parent Company 13,036,947 14,634,748 13,243,124 15,087,161
Non controlling interest - - 577,460 585,205
TOTAL COMPREHENSIVE INCOME CURRENT PERIOD 13,036,947 14,634,748 13,820,584 15,672,366
TRANSFER INCOME (LOSSES) TO HEAD OFFICE - - -
