*) 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.
STATEMENTS OF COMMITMENTS AND CONTINGENCIES
As at 30 June 2015 and 31 December 2014 (In Millions of Rupiah)
STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
For the Periods Ended 30 June 2015 and 2014 (In Millions of Rupiah)
No. DESCRIPTION
BANK
CONSOLIDATED
30 June 2015 30 June 2014 30 June 2015 30 June 2014
STATEMENTS OF FINANCIAL POSITION
As at 30 June 2015 and 31 December 2014 (In Millions of Rupiah)
No. DESCRIPTION BANK CONSOLIDATED
30 June 2015 31 December 2014 30 June 2015 31 December 2014
(Audited) (Audited)
No. DESCRIPTION 30 June 2015
BANK
31 December 2014 30 June 2015CONSOLIDATED
31 December 2014(Audited) (Audited)
I. COMMITMENT RECEIVABLES 1. Unused fund borrowings facilities
a. Rupiah - - -
-b. Foreign currencies 3,999,750 1,238,500 3,999,750 1,238,500
2. Outstanding purchase position on spot and derivative 314,146 517,643 316,558 517,643
3. Others - - -
-II. COMMITMENT PAYABLES 1. Unused loan facilities granted to customer
a. BUMN i. Committed
- Rupiah 7,605,618 8,784,000 7,605,618 8,784,000
- Foreign currencies 421,002 829,871 421,002 829,871
ii. Uncommitted
- Rupiah 7,688,107 8,560,597 7,688,107 8,560,597
- Foreign currencies 228,502 371,870 228,502 371,870
b. Others
i. Committed 22,062,416 23,909,362 22,063,358 23,910,508
ii. Uncommitted 50,419,502 50,111,245 51,048,600 50,900,502
2. Unused loan facilities granted to other banks a. Committed
i. Rupiah 72,311 38,620 72,311 38,620
ii. Foreign currencies - - -
-b. Uncommitted
i. Rupiah 177,000 10,000 177,000 10,000
ii. Foreign currencies - - -
-3. Outstanding irrevocable letters of credit
a. Foreign L/C 8,685,893 12,255,309 8,708,760 12,287,396
b. Local L/C 3,017,916 2,852,728 3,037,627 2,880,718
4. Outstanding sales position on spot and derivative 482,893 174,640 485,302 174,640
5. Others - - -
-III. CONTINGENT RECEIVABLES 1. Guarantees received
a. Rupiah 511,999 453,429 514,342 455,772
b. Foreign currencies 20,109,435 18,305,893 20,112,264 18,308,707 2. Unrecognized interest income
a. Interest loan 7,683,169 7,615,239 7,688,781 7,620,314
b. Others interest 51,949 51,949 1,213,797 946,905
3. Others 32,729 32,729 32,729 32,729
IV. CONTINGENT PAYABLES 1. Guarantees issued
a. Rupiah 27,476,016 28,458,307 27,581,732 28,563,086
b. Foreign currencies 47,739,710 44,501,007 47,982,217 44,539,265
2. Others 383,968 377,195 383,968 377,195
ASSETS
1. Cash 17,190,231 18,719,445 19,523,886 20,704,563
2. Placements with Bank Indonesia 91,710,382 83,185,965 97,366,453 93,335,143
3. Placements with other banks 24,861,693 24,227,538 28,531,822 27,463,279
4. Spot and derivative receivables 73,636 75,289 73,636 75,289
5. Securities
a. Fair value through profit/loss 3,266,736 2,442,863 21,992,987 22,381,653
b. Available for sale 82,366,034 66,730,393 84,073,454 67,678,009
c. Held to maturity ***) 24,626,562 24,644,673 31,009,621 29,406,588
d. Loans and receivables - - -
-6. Securities sold with agreement to repurchase (Repo) 9,941,005 7,088,104 9,941,005 7,088,104
7. Securities purchased with agreement to resell (Reverse Repo) 13,725,477 18,528,320 14,428,140 19,786,745
8. Acceptances receivables 28,937,986 13,114,059 28,937,986 13,114,059
9. Loans
a. Fair value through profit/loss - - -
-b. Available for sale - - -
-c. Held to maturity - - -
-d. Loans and receivables 495,767,085 475,266,826 545,123,134 523,101,817
10. Consumer finance receivables - - 6,888,862 6,087,987
11. Sharia financing - - -
-12. Investments in shares 4,824,177 4,235,368 58,681 58,672
13. Policy holder's investment in Unit Link Contract - - -
-14. Allowance for impairment on financial assets
-/-a. Securities (129,476) (127,801) (281,477) (272,861)
b. Loans (16,721,531) (15,927,985) (18,268,782) (17,706,947)
c. Others (2,176,286) (1,850,478) (2,428,515) (2,077,815)
15. Intangible assets 2,601,138 2,565,198 3,349,005 3,219,982
Accumulated amortisation for intangible assets -/- (1,588,703) (1,472,270) (1,712,316) (1,575,399)
16. Premises and equipment 14,213,115 13,716,579 16,046,210 15,487,052
Accumulated depreciation for premises and equipment -/- (5,951,455) (5,514,581) (7,116,098) (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 751,728 480,606 751,728 480,606
d. Inter office assets
i. Operational activities conducted in Indonesia (14,487,762) (12,382,956) (14,487,762) (12,382,956) ii. Operational activities conducted outside Indonesia 14,604,149 12,484,994 14,604,149 12,484,994 18. Allowance for impairment on non financial assets -/- (254,734) (249,240) (267,796) (262,302)
19. Lease financing - - 765,950 783,737
20. Deferred tax assets 3,429,138 3,803,325 3,800,979 4,189,120
21. Other assets 25,377,191 23,085,124 31,186,453 28,764,941
TOTAL ASSETS 817,127,370 757,039,212 914,075,204 855,039,673 LIABILITIES AND EQUITY
LIABILITIES
1. Demand deposits **) 161,136,586 123,042,656 167,517,440 128,067,091
2. Savings deposits **) 214,074,793 229,454,611 236,429,793 252,444,999
3. Time deposits **) 220,111,864 223,828,534 250,910,500 255,870,003
4. Investment fund - revenue sharing - - -
-5. Fund from Bank Indonesia - - -
-6. Fund from other banks **) 36,352,745 17,690,236 36,650,107 17,772,200
7. Spot and derivative liabilities 143,364 160,038 143,338 160,038
8. Liabilities sold with repo agreements to repurchase (Repo) 8,860,954 6,112,589 8,860,954 6,112,589
9. Acceptances liabilities 28,937,986 13,114,059 28,937,986 13,114,059
10. Securities issued 564 564 1,725,575 1,924,934
11. Fund borrowings 22,451,665 25,129,019 25,789,263 27,975,628
12. Margin deposits received 1,431,034 1,849,027 1,431,034 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 - - 16,878,239 17,343,799
16. Other liabilities 21,649,160 19,326,331 29,539,166 27,560,744
17. Investment fund - profit sharing - - -
-TOTAL LIABILITIES 715,150,715 659,707,664 804,813,395 750,195,111 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 136,305 98,192 290,651 203,625
b. Gain (Losses) from changes of financial assets on available for sale (1,251,024) (699,084) (1,159,807) (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) - (9,092)
-g. Income tax related to other comprehensive income 241,339 139,817 239,925 137,095
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 10,032,180 19,428,328 9,924,439 19,871,873
TOTAL EQUITY ATTRIBUTABLE TO OWNER 101,976,655 97,331,548 107,236,637 102,657,881
26. Non controlling interest - - 2,025,172 2,186,681
TOTAL EQUITY 101,976,655 97,331,548 109,261,809 104,844,562 TOTAL LIABILITIES AND EQUITY 817,127,370 757,039,212 914,075,204 855,039,673
Jakarta, 31 July 2015
S. E & O
Board of Directors
PT Bank Mandiri (Persero) Tbk.
Budi G. Sadikin
Pahala N. Mansury
President Director
Director
*) For comparative purposes, certain accounts in the Statement of Cash Flows for the periods ended 30 June 2014 have been reclassified to conform with the presentation of Statement of Cash flows for the periods ended 30 June 2015.
STATEMENTS OF CALCULATION OF FINANCIAL RATIOS
As at 30 June 2015 and 2014 (In %)
No. RATIOS
BANK
30 June 2015 30 June 2014
PERFORMANCE RATIOS
1. Capital Adequacy Ratio (CAR) 17.63% 16.04%
2. Non performing earning assets and non performing non earning assets
to total earning assets and non earning assets 1.31% 1.22% 3. Non performing earning assets to total earning assets 1.59% 1.50% 4. Allowance for impairment on financial assets to earning assets 2.55% 2.81%
5. Gross NPL 2.00% 1.77%
6. Net NPL 0.63% 0.47%
7. Return on Asset (ROA) 3.21% 3.48%
8. Return on Equity (ROE) 23.68% 24.49%
9. Net Interest Margin (NIM) 5.58% 5.89%
10. Operating Expenses to Operating Income 67.75% 64.77%
11. Loan to Deposit Ratio (LDR) 82.97% 85.40%
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 1.06% 1.16%
STATEMENTS OF SPOT AND DERIVATIVE TRANSACTIONS
As at 30 June 2015 (In Millions of Rupiah)
No. TRANSACTION Type Derivative Receivables & Payables
Trading Hedging Receivables Payables BANK
Notional Amount
A. Exchange Rate Related
1. Spot 4,780,031 4,716,008 64,023 9,649 7,506
2. Forward 6,160,437 53,750 6,106,687 14,088 39,591
3. Option
a. Written - - - -
-b. Purchased - - - -
-4. Future - - - -
-5. Swap 49,842,477 49,276,519 565,958 44,146 40,838
6. Others - - - -
-B. Interest Rate Related
1. Forward - - - -
-2. Option
a. Written - - - -
-b. Purchased - - - -
-3. Future - - - -
-4. Swap 35,673,940 - 35,673,940 5,753 55,429
5. Others - - - -
-C. Others - - - -
-TOTAL 96,456,885 54,046,277 42,410,608 73,636 143,364
Notes :
1. Presentation of the above published Financial Statement as at and for six months ended 30 June 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 June 2015, 30 June 2014 and 31 December 2014 were Rp13,332.50; Rp11,855.00 and Rp12,385.00 respectively.
No. DESCRIPTION
30 June 2015 30 June 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 June 2015 and 2014 (In Millions of Rupiah)
1. Placements with other banks 48,622 41,817 248,131 48,622 53,073 27,937 552,711 53,073
2. Spot and derivative receivables - - 638 - - - 4,166
-3. Securities 119,918 9,558 222,937 87,000 127,795 7,147 154,188 86,863
4. Securities sold with agreement to repurchase (Repo) - - -
-5. Securities purchased with agreement to resell (Reverse Repo) - - 9,161 - - - -
-6. Acceptances receivables 194,526 104,461 288,296 5,419 149,791 37,297 101,469 6,371
7. Loans 9,165,861 7,555,670 4,607,308 8,361,010 9,312,326 6,151,295 4,048,941 7,123,141
8. Investments in shares 37,784 - 72 109,375 40,582 - 50 318,582
9. Temporary invesment 88 - - 88 253 - - 253
10. Other receivable 1,708,972 40,016 131,453 1,118,156 1,439,119 34,106 120,798 999,680
11. Commitments and contingencies 109,420 51,592 856,821 78,038 196,216 33,725 756,300 125,083
Alpha Southeast Asia, Finance Asia, The Asset and
Corporate Treasurer
MRI and Infobank Magazine Indonesia Institute for Corporate Governance (IICG)
and SW A Magazine
STATEMENTS OF CALCULATION OF CAPITAL ADEQUACY RATIO COMMERCIAL BANK
*)As at 30 June 2015 and 2014 (In Millions of Rupiah)
No. COMPONENTS OF CAPITAL 30 June 2015 30 June 2014
BANK CONSOLIDATED BANK CONSOLIDATED
I. Core Capital (Tier 1) 85,522,650 93,759,906 74,258,685 79,848,780
1. Core Capital (Common Equity Tier 1) 85,522,650 93,759,906 74,258,685 79,848,780
1.1 Paid-in Capital 11,666,667 11,666,667 -
-1.2 Disclosed Reserves 83,086,330 88,419,689 -
-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 59,719,328 -
-1.2.5 Current year profit/(loss) 10,032,180 9,924,439 -
-1.2.6 Differences arising from translation of financial statement 136,305 290,651 -
-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 (1,009,685) (919,882) -
-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 (231,310) (244,372) - -1.2.14 Difference in adjusment amounts from fair value of financial assets in trading book - - -
-1.3 Non Controlling Interest - 844,927 -
-1.4 Deduction (9,230,347) (7,171,377) -
-1.4.1 Deffered tax calculated (3,429,138) (3,634,582) -
-1.4.2 Goodwill - (117,741) -
-1.4.3 Other intangible assets (1,012,435) (1,112,260) -
-1.4.4 Investments in shares (4,788,774) (2,306,794) -
-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) 14,354,398 14,956,594 6,701,247 8,336,535
1. Capital Instrument in the form of Stock or others which comply with regulations 1,244,269 1,244,269 -
-2. Agio/disagio supplemental capital - - -
-3. General provison on earning assets (max, 1,25% credit risk weighted assets) 6,088,014 6,690,210 -
-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) 99,877,048 108,716,500 80,959,932 88,185,315
RISK WEIGHTED ASSETS CAR
CREDIT RISK - WEIGHTED ASSETS 487,041,127 535,216,769 435,976,522 481,926,449 CET1 RATIO 15.10% 14.84% 14.71% 14.19% MARKET RISK - WEIGHTED ASSETS 775,007 938,454 1,059,349 1,306,492 Tier 1 Ratio 15.10% 14.84% 14.71% 14.19% OPERATIONAL RISK - WEIGHTED ASSETS 78,627,774 95,640,437 67,786,852 79,511,930 Tier 2 Ratio 2.53% 2.37% 1.33% 1.48% TOTAL WEIGHTED ASSETS 566,443,908 631,795,660 504,822,723 562,744,871 Total Ratio 17.63% 17.21% 16.04% 15.67%
CAR BASED ON RISK PROFILE 9.00% 9.00% 9.00% 9.00%
30 June 2015 30 June 2014 30 June 2015
Description 30 June 2014
Bank Consolidated Bank Consolidated Bank Consolidated Bank Consolidated
*) Capital Adequacy Ratio as at 30 June 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 June 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 June 2015 and 2014 (In Millions of Rupiah)
No. DESCRIPTION 30 June 2015 30 June 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 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 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
1,641,576 - - - - 1,641,576 1,363,473 - - - - 1,363,473
- - - - - - -
-- - - - - - -
-293,951 - - - - 293,951 248,813 - - - - 248,813
1,287 - - - - 1,287 - - -
-- - - - - - -
-- - - - - - -
-- - - - - - -
-- - - - - - -
-14,963 - - - - 14,963 19,047 - - - - 19,047
1,722 - - - - 1,722 - - - - -
-1,722 - - - - 1,722 - - -
-- - -
11,702,093 491 - - - 11,702,584 7,487,467 2,399 - - - 7,489,866
3,499,457 491 - - - 3,499,948 3,567,091 2,399 - - - 3,569,490
8,202,636 - - - - 8,202,636 3,920,376 - - - - 3,920,376
- - - - - - - - - - -
-- - - - - - -
-- - - - - - -
-9,456 - - - - 9,456 14,964 - - - - 14,964
4,235,629 - 561,227 - 25,191 4,822,047 3,644,451 - - 414,227 111,469 4,170,147
- - - - - - -
-133,325 - - - - 133,325 - - -
-889,867 336 - - - 890,203 497,386 182 - - - 497,568
6,085,470 - - - - 6,085,470 2,789,183 - - - - 2,789,183
- - -
-21,093,073 - - - - 21,093,073 20,095,365 - - - - 20,095,365
44,170,682 - - - 48,622 44,219,304 33,905,216 - - - 53,073 33,958,289
67,709 - - - - 67,709 416,479 - - - - 416,479
5,927 - - - - 5,927 138 - - - - 138
79,486,355 - - - 87,000 79,573,355 77,027,064 - - - 86,863 77,113,927
30,390,739 - - - - 30,390,739 17,394,784 - - - - 17,394,784
9,941,005 - - - - 9,941,005 7,232,155 - - - - 7,232,155
- - - - - - -
-- - - - - - -
13,725,477 - - - - 13,725,477 1,815,222 - - - - 1,815,222
- - - - - - -
-28,814,642 108,381 - - - 28,923,023 10,127,876 127,418 - - - 10,255,294
65,313,037 5,809,549 479,346 821,671 1,931,244 74,354,847 58,309,796 4,948,532 295,920 553,098 1,760,761 65,868,107
64,935,566 5,804,185 479,346 821,671 1,931,244 73,972,012 58,051,117 4,938,978 295,920 553,098 1,760,761 65,599,874
377,471 5,364 - - - 382,835 258,679 9,554 - - - 268,233
383,713,995 19,254,234 1,827,491 985,041 3,927,171 409,707,932 339,096,824 12,879,705 497,343 955,192 3,597,714 357,026,778
322,004,168 14,756,172 1,082,140 930,284 2,618,416 341,391,180 284,162,848 10,533,214 329,772 493,042 2,751,432 298,270,308
61,709,827 4,498,062 745,351 54,757 1,308,755 68,316,752 54,933,976 2,346,491 167,571 462,150 846,282 58,756,470 8,789,614 9,431,594 1,338,651 242,063 1,090,278 20,892,200 6,254,704 3,497,343 17,386 560,515 1,134,818 11,464,766
3,880,067 5,804,709 768,422 187,306 342,533 10,983,037 3,243,318 1,695,240 17,386 98,365 789,130 5,843,439
4,909,547 3,626,885 570,229 54,757 747,745 9,909,163 3,011,386 1,802,103 - 462,150 345,688 5,621,327 24,802,508 3,681,547 108,306 107,466 353,280 29,053,107 25,121,974 3,539,813 97,530 76,163 324,546 29,160,026
1,955 - - - - 1,955 1,955 - - - - 1,955
- - - 175 - 175 - - - 505 - 505
13,011,936 761,012 52,862 - 1,072,176 14,897,986 12,079,781 602,958 - - 969,532 13,652,271
103,900,619 1,105,848 13,123 3,567 14,856 105,038,013 98,586,252 513,640 2,065 2,342 87,331 99,191,630
62,876,017 696,592 7,646 - 52 63,580,307 62,225,570 184,665 14 - 1,345 62,411,594
- - - - 19,815 19,815 - - - - 19,815 19,815
-
--
-19,027,293 17,380,721
15,237,666 13,570,286
15.00% 15.30%
6.07% 6.71%
50.36% 48.47%
47.26% 45.32%
13,310,459 10,701,957
-
-2,696,876 1,273,997
1,200,347 1,317,936
-
-SHAREHOLDER MANAGEMENT OF THE BANK
Ultimate Shareholder Board of Commissioners
- President Commissioner : Darmin Nasution ***) - 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 ***) - Independent Commissioner : Cahaya Dwi Rembulan Sinaga *)
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 ****)
*) Based on General Shareholders' Meeting on 16 March 2015, waiting for approval from Otoritas Jasa Keuangan (OJK) upon fit & proper test. **) Position become independent comissioner has been approved by Otoritas Jasa Keuangan upon fit and proper test.
***) Has been approved by Otoritas Jasa Keuangan upon fit & proper test.
****) Has been approved from Otoritas Jasa Keuangan upon fit & proper test dated 3 July 2015, which will be effective after obtaining approval from President Republic of Indonesia regarding to discontinuation as a member of Board of Commissioner concurrently as a Chief Executive to Lembaga Penjamin Simpanan.
STATEMENTS OF CASH FLOWS
For the Periods Ended 30 June 2015 and 2014 (In Millions of Rupiah)
DESCRIPTION
CONSOLIDATED
30 June 2015 30 June 2014*)
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from interest income and sharia income
33,141,211
28,187,558
Receipts from fees, commissions and premium - net
6,581,400
5,601,936
Payments of interest expense and sharia expenses
(13,366,735) (11,044,294)
Receipts from the sale of Government Bonds - Fair value through profit or loss
35,636,789
13,854,167
Acquisition of Government Bonds - Fair value through profit or loss
(36,716,846) (14,382,366)
Foreign exchange gains/ (losses) - net
1,129,605
(3,143,768)
Other operating income - others
780,048
660,037
Other operating expenses - others
(2,841,787)
(1,549,823)
Salaries and employee benefits
(6,380,833)
(5,592,930)
General and administrative expenses
(5,048,041)
(4,411,763)
Non operating income - net
2,182
5,312
Payment of corporate income tax
(3,109,900)
(2,139,225)
Cash Flow From Operating Activities Before Changes in Operating Assets and Liabilities
9,807,093
6,044,841
Decrease/(increase) in operating assets:
Placements with Bank Indonesia and other banks
(1,652,120)
442,684
Marketable securities - Fair value through profit or loss
5,586,140
(3,613,080)
Other receivables - trade transactions
(1,791,084)
(4,808,738)
Loans
(25,390,289) (13,869,189)
Securities purchased under resale agreements
5,358,605
1,021,154
Consumer financing receivable
(882,910)
(981,869)
Net investment in lease financing
14,687
(100,189)
Prepaid taxes
(136,789)
(222,021)
Prepaid expense
(547,199)
(375,236)
Other assets
312,547
(725,964)
Proceeds from collection of financial assets already written - off
1,149,036
1,287,226
Increase/(decrease) in operating liabilities and temporary syirkah funds:
Conventional Banking
Demand deposits
40,800,165
(3,865,681)
Saving deposits
(15,991,409)
(8,913,939)
Time deposits
15,568,636
27,726,302
Inter-bank call money
(819,106)
5,106,525
Obligation due immediately
109,792
570,812
Liability to unit - linked policyholders
(465,560)
2,668,502
Other taxes payable
(67,289)
(1,083,131)
Other liabilities
4,262,970
3,948,100
Sharia Banking - Temporary Syirkah Funds
Demand deposit - restricted investment and demand deposit - mudharabah musytarakah
(1,562)
(2,555)
Saving deposit - restricted investment and mudharabah saving deposit - unrestricted investment
(705,463)
(1,050,441)
Mudharabah time deposit - unrestricted investment
(1,499,664)
2,283,500
Net cash provided by operating activities
33,019,227
11,487,613
CASH FLOWS FROM INVESTING ACTIVITIES
Increase in marketable securities - Available for sale and Held to maturity
(12,579,750)
(3,390,645)
Increase in Government Bonds - Available for sale and Held to maturity
(13,063,092)
(5,384,520)
Proceeds from sale of fixed assets
3,028
360
Acquisition of fixed assets
(566,788)
(607,427)
Acquisition of intangible assets
(129,023)
(71,669)
Net cash used in investing activities
(26,335,625)
(9,453,901)
CASH FLOWS FROM FINANCING ACTIVITIES
(Increase)/decrease of investment in Subsidiaries
(573,598)
643,823
(Decrease)/increase in marketable securities issued
(203,873)
235,604
(Decrease)/increase in fund borrowings
(3,648,023)
263,725
Decrease in Subordinated Loans
(11)
(715,591)
Increase in securities sold under repurchase agreements
2,748,365
1,790,725
Payments of dividends
(4,967,968)
(5,461,126)
Net cash used in financing activities
(6,645,108)
(3,242,840)
NET INCREASE IN CASH AND CASH EQUIVALENTS
38,494
(1,209,128)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENT
1,884,120
2,860,607
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
138,804,383
121,023,158
CASH AND CASH EQUIVALENTS AT END OF YEAR
140,726,997
122,674,637
Cash and cash equivalent at end of year consist of :
Cash
19,523,886
16,347,441
Current accounts with Bank Indonesia
52,525,216
44,765,341
Current accounts with other banks
12,212,076
12,409,082
Placements with Bank Indonesia and other banks
55,986,975
48,352,773
Certificate of Bank Indonesia
478,844
800,000
Total cash and cash equivalents
140,726,997 122,674,637
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
(1,026,997)
(723,097)
Acquisition of fixed assets - payable
(375,619)
(467,082)
OPERATING INCOME AND EXPENSES
A. Interest Income and Sharia, Interest Expenses and Sharia, and Premium Income and Claim Expenses
1. Interest Income and Sharia Income 30,502,321 25,586,042 34,571,085 29,291,415
a. Rupiah 28,283,412 23,800,817 32,272,345 27,413,796
b. Foreign currencies 2,218,909 1,785,225 2,298,740 1,877,619
2. Interest Expense and Sharia Expenses 11,749,096 9,143,578 13,371,176 10,667,145
a. Rupiah 11,048,779 8,743,484 12,667,646 10,263,532
b. Foreign currencies 700,317 400,094 703,530 403,613
Net Interest Income and Sharia Income (Expenses) 18,753,225 16,442,464 21,199,909 18,624,270
3. Premium Income - - 5,036,629 4,077,524
4. Claim Expense - - 3,481,128 2,817,871
Net Premium Income (Claim Expenses) - - 1,555,501 1,259,653 Net Interest and Sharia Income (Expenses), and Net Premium Income (Claim Expenses) 18,753,225 16,442,464 22,755,410 19,883,923 B. Other Operating Income and Expenses
1. Other Operating Income 8,025,289 6,377,901 8,140,774 7,275,163
a. Increase in fair value of financial assets
i. Securities - 1,506 - 81,863
ii. Loans - - -
-iii. Spot and derivative 740,747 684,145 740,747 684,145
iv. Other financial assets - - -
-b. Decrease in fair value of financial liabilities - - -
-c. Gain from sale of financial assets
i. Securities 268,170 102,226 284,284 116,948
ii. Loans - - -
-iii. Other financial assets - - -
-d. Gain from spot and derivative transaction (realised) 106,715 87,386 120,209 100,148
e. Dividend 751,420 38,722 581
-f. Gain from investment in shares with equity method - - -
-g. Comissions/provisions/fees and administrative 4,609,697 3,868,494 5,054,101 4,363,575
h. Recovery on allowance for impairment 40,551 1,112 40,551 2,513
i. Other income 1,507,989 1,594,310 1,900,301 1,925,971
2. Other Operating Expenses 14,354,391 11,560,870 17,811,962 14,606,938
a. Decrease in fair value of financial assets
i. Securities 195 - 71,023
-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 - - 6,940
-ii. Loans 3,390,071 2,107,619 3,702,277 2,548,161
iii. Sharia financing - - -
-iv. Other financial assets 217,716 139,847 327,743 253,568
f. Losses related to operational risk (123) 2,392 (123) 2,392
g. Losses from investment in shares under equity method - - -
-h. Comissions/provisions/fees and administrative 393,418 332,983 393,418 332,983
i. Impairment on non financial assets 1,043 44,574 (470) 39,614
j. Salaries and employee benefits 4,627,138 4,069,840 5,904,491 5,129,742
k. Promotion expenses 319,336 308,670 396,723 354,978
l. Other expenses 5,405,597 4,554,945 7,009,940 5,945,500
Other Operating Income (Expenses) (6,329,102) (5,182,969) (9,671,188) (7,331,775) PROFIT (LOSS) FROM OPERATIONS 12,424,123 11,259,495 13,084,222 12,552,148 NON OPERATING INCOME AND EXPENSES
1. Gain (Losses) from sale of premises and equipment 87 3,342 100 3,342
2. Gain (Losses) from foreign currencies translation - - -
-3. Other non operating income (expenses) 9,079 3,457 2,082 1,971
PROFIT (LOSS) FROM NON OPERATING 9,166 6,799 2,182 5,313 PROFIT (LOSS) CURRENT PERIOD BEFORE TAX 12,433,289 11,266,294 13,086,404 12,557,461 Income tax expenses
a. Estimated current tax (1,925,398) (1,458,134) (2,233,737) (1,774,253)
b. Deffered tax income (expenses) (475,711) (814,377) (516,148) (817,654)
PROFIT (LOSS) AFTER INCOME TAX - NET 10,032,180 8,993,783 10,336,519 9,965,554 OTHER COMPREHENSIVE INCOME
1. Unreclassified accounts to profit (loss)
a. Premises and equipment revaluation increment - - -
-b. Gain (losses) from actuarial benefit program (6,800) - (9,092)
-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 38,113 (4,246) 87,026 (19,260) b. Gain (Losses) from changes of financial assets on available for sale (551,940) 863,012 (559,328) 877,306
c. Effective cash flow hedges - - -
-d. Others - - -
-e. Income tax related to reclassified accounts to profit (loss) 101,522 (180,304) 103,679 (183,163)
Other comprehensive income current period after income tax - net (419,105) 678,462 (377,715) 674,883 TOTAL OTHER COMPREHENSIVE INCOME CURRENT PERIOD 9,613,075 9,672,245 9,958,804 10,640,437 Income atributtable to :
Parent Company 10,032,180 8,993,783 9,924,439 9,585,405
Non controlling interest - - 412,080 380,149
TOTAL INCOME CURRENT PERIOD 10,032,180 8,993,783 10,336,519 9,965,554 Total other comprehensive income atributtable to :
Parent Company (419,105) 678,462 (377,715) 674,883
Non controlling interest - - -
-TOTAL OTHER COMPREHENSIVE INCOME CURRENT PERIOD (419,105) 678,462 (377,715) 674,883 Total comprehensive income atributtable to :
Parent Company 9,613,075 9,672,245 9,546,724 10,260,288
Non controlling interest - - 412,080 380,149
TOTAL COMPREHENSIVE INCOME CURRENT PERIOD 9,613,075 9,672,245 9,958,804 10,640,437 TRANSFER INCOME (LOSSES) TO HEAD OFFICE - - -
-DIVIDEND - - -
