PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2009, 2008 AND 2007
Expressed in millions of Rupiah, unless otherwise stated
Appendix 566 14. INVESTMENTS IN SHARES continued
c. Movements of allowance for possible losses on investments in shares:
2009 2008
2007
Balance at beginning of year 1,656
73,943 73,625
Allowance during the year Note 37 450
339 318
Writt en-offs -
72,626 -
Balance at end of year 2,106
1,656 73,943
Management believes that the allowance for possible losses on investments in shares is adequate.
15. FIXED ASSETS
The details of fixed assets were as follows:
Movements from 1 January 2009 Beginning
Ending to 31 December 2009
Balance Additions
Deductions Reclassifications
Balance
CostRevalued Amount Direct ownership
Land 2,761,131
92 192
28,487 2,789,518
Buildings 1,637,465
148,140 422
46,843 1,832,026
Furnitures, fixtures, office equipment and computer
equipmentsoftware 4,167,285
168,031 3,779
365,154 4,696,691
Vehicles 79,069
12,013 5,812
3,678 88,948
Construction in progress 416,690
454,833 -
449,045 422,478
Leased assets 3,267
- -
- 3,267
9,064,907 783,109
10,205 4,883
9,8 32,928 Accumulated Depreciation
and Amortisation Note 42 Direct ownership
Buildings 925,316
82,793 403
4,843 1,012,549
Furnitures, fixtures, office equipment and computer
equipmentsoftware 3,478,309
355,936 1,305
34,849 3,798,091
Vehicles 57,069
6,697 5,781
309 57,676
Leased assets 653
653 -
- 1,306
4,461,347 446,079
7,489 30,315
4,869,622 Net book value
Direct ownership Land
2,789,518 Buildings
819,477 Furniture, fixtures, office equipment and computer equipmentsoftware
898,600 Vehicles
31,272 4,538,867
Construction in progress 422,478
Leased assets 1,961
4,963,306
The fixed assets were revalued in 1979, 1987 and 2003. The amount includes an increment in value o f 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 at 31 July 1999. The revaluation increment was recorded prospectively on 18 June 2003 Note 15a. Reclassified to abandoned property and construction in progress.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2009, 2008 AND 2007
Expressed in millions of Rupiah, unless otherwise stated
Appendix 567 15. FIXED ASSETS continued
Construction in progress as at 31 December 2009 was comprised of:
Balance
Computers and other hardware that have not been installed 161,017
Product and license – Integrated Banking System 106,049
Office equipment and inventory 102,105
Buildings 49,287
Others 4,020
422,478
The estimated percentage of completion of construction in progress as at 31 December 2009 for Integrated Banking System agreement was ranging between 97.22 - 98.98.
Included in the addition of fixed assets during 2009 is a building which was transferred by the Subsidiary PT Usaha Gedung BDN or UG BDN in accordance with the Joint Operation agreement
KSO, which states that at the end of KSO agreement, UG BDN will transfer the building to Bank Mandiri. Bank Mandiri recorded the building at fair value of Rp131,640 Note 45 and depreciate it for
20 years.
Movements from 1 January 2008 Beginning
Ending to 31 December 2008
Balance Additions
Deductions Reclassifications
Balance
CostRevalued Amount Direct ownership
Land 2,710,520
20,817 -
29,794 2,761,131
Buildings 1,607,835
14,477 45,577
60,730 1,637,465
Furnitures, fixtures, office equipment and computer
equipmentsoftware 3,956,361
136,129 35,697
110,492 4,167,285
Vehicles 77,025
4,407 2,363
- 79,069
Construction in progress 150,903
434,410 -
168,623 416,690
Leased assets -
3,267 -
- 3,267
8,502,644 613,507
83,637 32,393
9,064,907 Accumulated Depreciation
and Amortisation Note 42 Direct ownership
Buildings 887,272
83,297 45,295
42 925,316
Furnitures, fixtures, office equipment and computer
equipmentsoftware 3,035,079
478,530 35,300
- 3,478,309
Vehicles 48,716
10,625 2,272
- 57,069
Leased assets -
653 -
- 653
3,971,067 573,105
82,867 42
4,461,347 Net book value
Direct ownership Land
2,761,13 1 Buildings
712,149 Furniture, fixtures, office equipment and computer equipmentsoftware
688,976 Vehicles
22,000 4,184,256
Construction in progress 416,690
Leased assets 2,614
4,603,560
The fixed assets were revalued in 1979, 1987 and 2 003. 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 at 31 July 1999. The revaluation increment was recorded prospectively on 18 June 2003 Note 15a. Reclassified to abandoned property and construction in progress.
