PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2007 and 2006 Expressed in millions of Rupiah, unless otherwise stated
63
14. PREMISES AND EQUIPMENT
The details of premises and equipment are as follows:
Movements from January 1, 2007 Beginning
Ending to December 31, 2007
Balance Additions
Deductions Reclassifications
Balance CostValuation
Direct ownership Land
2,604,103 -
628 107,045
2,710,520 Buildings
1,540,552 14,926
3,572 55,929
1,607,835 Furnitures, fixtures, office
equipment and computer equipmentsoftware
3,717,510 107,876
3,037 134,012
3,956,361 Vehicles
73,178 6,957
2,548 562
77,025 Construction in progress
166,570 168,608
3,722 180,553
150,903 8,101,913
298,367 13,507
115,871 8,502,644
Accumulated Depreciation and Amortization Note 40
Direct ownership Buildings
800,243 86,341
3,381 4,069
887,272 Furnitures, fixtures, office
equipment and computer equipmentsoftware
2,550,474 487,802
3,197 -
3,035,079 Vehicles
41,953 9,734
2,971 -
48,716 3,392,670
583,877 9,549
4,069 3,971,067
Net book value Direct ownership
Land 2,710,520
Buildings 720,563
Furniture, fixtures, office equipment and computer equipmentsoftware 921,282
Vehicles 28,309
4,380,674 Construction in progress
150,903 4,531,577
Construction in progress as of December 31, 2007 is comprised of:
Product and license - Core Banking System 54,013
Buildings 15,464
Others 81,426
150,903
The construction in progress for Integrated Banking System agreement with PT Silverlake Informatikatama was approximately 96.24 complete whilst with Silverlake Corporation was
approximately 73.77 complete as of December 31, 2007. Certain premises and equipment of Bank Syariah Mandiri, a subsidiary, with net book value as of
December 31, 2007 amounting to Rp23,882 have been pledged as collateral to Bank Indonesia in relation to BSM’s proposal for the settlement of its Rp32,000 subordinated loan from BI Note 29.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2007 and 2006 Expressed in millions of Rupiah, unless otherwise stated
64
14. PREMISES AND EQUIPMENT continued
Movements from January 1, 2006 Beginning
Ending to December 31, 2006
Balance Additions
Deductions Reclassifications
Balance CostValuation
Direct ownership Land
2,824,925 6,725
- 227,547
2,604,103 Buildings
1,463,485 11,233
1,226 67,060
1,540,552 Furnitures, fixtures, office
equipment and computer equipmentsoftware
3,510,938 107,065
29,418 128,925
3,717,510 Vehicles
70,737 4,267
1,617 209
73,178 Construction in progress
272,185 134,557
47,322 192,850
166,570 8,142,270
263,847 79,583
224,621 8,101,913
Accumulated Depreciation and Amortization Note 40
Direct ownership Buildings
737,114 84,805
348 21,328
800,243 Furnitures, fixtures, office
equipment and computer equipmentsoftware
2,065,724 513,860
29,110 -
2,550,474 Vehicles
34,019 9,693
1,550 209
41,953 2,836,857
608,358 31,008
21,537 3,392,670
Net book value Direct ownership
Land 2,604,103
Buildings 740,309
Furniture, fixtures, office equipment and computer equipmentsoftware 1,167,036
Vehicles 31,225
4,542,673 Construction in progress
166,570 4,709,243
The premises and equipment was revalued in 1979, 1987 and 2003. The amount includes an increment in value of fixed assets based on revaluation of fixed assets of the merged banks performed by an Independent Appraiser, PT Vigers Hagai Sejahtera,
using market values as of July 31, 1999. The revaluation increment was recorded prospectively on June 18, 2003 Note 14a. Reclassified to abandoned property and construction in progress.
Construction in progress as of December 31, 2006 is comprised of:
Product and license - Core Banking System 79,562
Buildings 30,851
Others 56,157
166,570
The construction in progress for integrated banking system agreement with PT Silverlake Informatikatama was approximately 96.22 complete whilst with Silverlake Corporation was approximately 31.72
complete as of December 31, 2006.
