PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2013 AND 2012
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5105 33. TAXATION continued
e. Deferred tax assets - net continued
2012
Beginning balance
Credited charged to
consolidated statement of
comprehensive income
Charged to equity
Ending balance
Bank Mandiri
Deferred tax assets: Loans write-off until 2008
1,883,339 175,688
- 1,707,651
Allowance for impairment loan losses 609,577
240,950 -
850,527 Allowance for impairment losses on financial assets other
than loans 304,215
7,845 -
296,370 Provision for post-employment benefit expense, provision
for bonuses, leave and holiday THR entitlements 539,979
180,893 -
720,872 Allowance for estimated losses arising from legal cases
114,886 2,390
- 112,496
Estimated losses on commitments and contingencies 46,333
9,110 -
37,223 Allowance for possible losses on abandoned properties
33,940 -
- 33,940
Allowance for possible losses on repossessed assets 2,292
298 -
1,994 Accumulated losses arising from difference in
net realisable value of abandoned properties 2,069
- -
2,069 Accumulated losses arising from difference in
net realisable value of repossessed assets 1,973
4 -
1,969 Unrealised losses on increasedecrease in fair value
of marketable securities and Government Bonds available for sale
131,084 -
29,926 101,158
Deferred tax assets 3,669,687
226,508 29,926
3,866,269 Deferred tax liabilities:
Unrealised gain on BOT transactions -
54,590 -
54,590 Unrealised gainlosses on increasedecrease in
fair value of marketable securities and Government Bonds fair value through profit or loss
2,520 1,418
- 1,102
Net book value of fixed assets 18,540
14,926 -
33,466
Deferred tax assets - Bank Mandiri only 3,648,627
158,410 29,926
3,777,111
Net deferred tax assets - Subsidiaries 151,785
189,502 Total consolidated deferred tax assets - net
3,800,412 3,966,613
Deferred tax assets are calculated using applicable tax rate or substantially enacted tax rate at consolidated statement of financial position dates.
Management believes that it is possible that future taxable income will be available against the temporary difference, which results in deferred tax assets, can be utilised.
f. Tax assessment letters
On 6 December 2012, the Bank received Tax Underpayment Assessment Letters SKPKB which stated underpayments of corporate income tax and Value Added Tax VAT and Tax Collection
Letter penalties STP for fiscal year 2010 totalled to Rp1,108,071. Management disagree with the tax assessment result and on 4 March 2013, Bank has submitted a
tax objection letter to the tax office and paid all the tax underpayment which recorded as prepaid tax.
On December 2013, the Tax Office issued a
decision letter to the Bank’s objection letters above and partially accepted the Bank’s objection, therefore the Tax office refunded the prepaid tax
related to value added tax. Bank disagreed with the above decision letter and will submit appeal letters on the above decision letter to the Tax Court.
Until the date of this consolidated financial statements, Bank is still waiting on the results of the objection for SKPKB of Income Taxes.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2013 AND 2012
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5106 34. EMPLOYEE BENEFIT LIABILITIES
2013 2012
Rupiah - Provision for post-employment benefit Note 50
1,965,656 1,635,427
- Provisions for bonuses, leave and holiday entitlements 2,619,413
2,177,891 4,585,069
3,813,318
The provision for post-employment benefit such as pension fund and other long term remuneration is according
to Bank and Subsidiaries’ policy which had been calculated using actuarial calculation.
35. OTHER LIABILITIES
2013 2012
Rupiah: Liability to policyholders
1,955,475 1,342,629
Payable to customers 1,271,409
1,058,361 Liability related to ATM and credit card transaction
1,001,071 1,231,126
Non controlling interest from Subsidiary’s mutual fund consolidation 857,009
777,276 Guarantee deposits
744,712 878,283
Deferred income directly attributable 555,001
653,656 Deferred income not directly attributable
181,831 142,884
Customers transfer transaction 138,046
130,256 Payable from purchase of marketable securities
726 22,940
Others 4,624,750
3,614,293 Total Rupiah
11,330,030 9,851,704
Foreign currencies: Guarantee deposits Note 61B.v
1,357,207 1,030,110
Customers transfer transaction 535,090
623,867 Deferred income not directly attributable
447,467 313,707
Other liabilities related to UPAS transactions Note 61B.v 283,127
1,075,973 Deferred income directly attributable
5,813 848
Others 207,480
883,832 Total foreign currencies
2,836,184 3,928,337
14,166,214 13,780,041
Liabilities to policy holders consists of Subsidiary’s AXA Mandiri Financial Services and Mandiri AXA
General Insurance liability for future policy benefits for non unit-linked policyholders, claim payables, unearned premium income and estimated claim liabilities, amounting to Rp1,368,306, Rp35,394,
Rp399,103 and Rp152,672 as at 31 December 2013 and amounting to Rp1,042,530, Rp33,526, Rp160,266 and Rp106,307 as at 31 December 2012.
Payable to customers are mostly represent payable arising from marketable securities transactions done by PT
Mandiri Sekuritas the Bank’s subsidiary. Liability related to ATM and credit card transactions represents payable arising from ATM transactions
via ATM Bersama, ATM Link and ATM Prima network and payable to Visa and MasterCard on credit card transactions.
Non-
controling interest from Subsidiary’s mutual funds consolidation represents the portion of non- controling arises from consolidation of mutual funds controlled by Subsidiary AXA Mandiri Financial
Services. Guarantee deposits are cash guarantee deposited by the Bank’s customers for export and import
transaction and bank guarantee issuance. Deferred income directly attributable represents unamortised provisioncommissions income directly
attributable to loans. Deferred income not directly attributable represents unamortised provisioncommissions income not
directly attributable to loans.
Payable from purchase of marketable securities represents the Bank’s liability related to purchase of marketable securities transactions that have been subsequently settled on 3 January 2014 and 3
January 2013, respectively for the year 2013 and 2012.