PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2011 AND 2010
Expressed in millions of Rupiah, unless otherwise stated
Appendix 589 17. FIXED ASSETS continued
Movements from 1 January 2010 Beginning
Ending to 31 December 2010
Balance Additions
Deductions Reclassifications
Balance
CostRevalued Amount Direct ownership
Land 2,789,518
412 10,436
711 2,780,205
Buildings 1,832,026
11,508 1,874
42,715 1,884,375
Furnitures, fixtures, office equipment and computer
equipmentsoftware 4,696,691
290,568 4,843
156,415 5,138,831
Vehicles 88,948
77,982 7,800
1,406 160,536
Construction in progress 422,478
646,718 -
209,273 859,923
9,829,661 1,027,188
24,953 8,026
10,823,870 Leased assets
3,267 -
- -
3,267 9,832,928
1,027,188 24,953
8,026 10,827,137
Accumulated Depreciation and Amortisation Note 44
Direct ownership Buildings
1,012,549 77,656
- 1,186
1,091,391 Furnitures, fixtures, office
equipment and computer equipmentsoftware
3,798,091 358,394
4,134 6,767
4,145,584 Vehicles
57,676 11,912
8,118 268
61,202 4,868,316
447,962 12,252
5,849 5,298,177
Leased assets 1,306
654 -
- 1,960
4,869,622 448,616
12,252 5,849
5,300,137 Net book value
Direct ownership Land
2,780,205 Buildings
792,984 Furniture, fixtures, office equipment and computer equipmentsoftware
993,247 Vehicles
99,334 Construction in progress
859,923 5,525,693
Leased assets 1,307
5,527,000
Reclassified from Abandoned Property and Construction In Progress.
Construction in progress as at 31 December 2010 was comprised of:
Balance
Computers and other hardware that have not been installed 338,660
Buildings 227,866
Product development and license - Integrated Banking System 147,050
Office equipment and inventory 137,962
Vehicles 775
Others 7,610
859,923
The estimated percentage of completion of construction in progress as at 31 December 2010 for Integrated Banking System agreement was ranging between 82.13 - 99.93.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2011 AND 2010
Expressed in millions of Rupiah, unless otherwise stated
Appendix 590 17. FIXED ASSETS continued
a. On 22 February 1990, the Bank signed a Joint Operation agreement KSO with PT Pakuwon Jati, where PT Pakuwon Jati will build a shopping center and office tower with 17 storeys and other
supporting facilities on land owned by Bank Mandiri, which located on Jalan Basuki Rachmat No. 2, 4, 6 Surabaya. PT Pakuwon Jati is entitled to use the building for 22 years. By the end of
the KSO agreement on 22 March 2012, the ownership of building will be handed over to Bank Mandiri.
On 14 June 1991, the Bank signed an Amendment I of Joint Operation agreement KSO with PT Duta Anggada Realty Tbk., in which PT Duta Anggada Realty Tbk. will build 2 office towers
with 32 storeys on land owned by Bank Mandiri which located on Jalan Jenderal Sudirman lot 53- 56, Jakarta. The agreement became effective from 14 June 1991 up to 20 years from the date of
the construction was completed, but not longer than 23 years since the construction was completed the office building will be handed over in May 2014 for the first tower and in May 2016
for the second tower. On the maturity date, PT Duta Anggada Realty Tbk. will hand over the ownership of the building to Bank Mandiri.
b. Bank Mandiri and Subsidiaries have insured their fixed assets excluding land rights, construction in progress and leased assets to cover potential losses from risk of fire, theft and natural disaster
with PT Asuransi Adira Dinamika, PT Asuransi Dayin Mitra Tbk., PT Asuransi Jaya Indonesia, PT Asuransi Jaya Proteksi, PT Asuransi Ramayana Tbk., PT Bringin Sejahtera Arhamakmur, PT
Mandiri AXA General Insurance formerly PT Asuransi Dharma Bangsa and PT Asuransi Staco Mandiri formerly PT Staco Jasapratama with total sum insured of Rp3,119,177 and
USD75,699,481 full amount as at 31 December 2011 and Rp2,512,683 and USD147,973,294.07 full amount as at 31 December 2010. Management believes that the above insurance coverage
is adequate to cover possible losses that may arise on the assets insured.
Management also believes that there is no impairment of fixed assets as at 31 December 2011 and 2010 .
18. OTHER ASSETS
2011 2010
Accrued income 1,704,382
1,687,176 Others - net
5,545,519 3,697,621
7,249,901 5,384,797
Accrued Income Accrued income mainly consist of accrued interest receivables from placements, marketable
securities, Government Bonds, loans and accrued fees and commissions.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2011 AND 2010
Expressed in millions of Rupiah, unless otherwise stated
Appendix 591 18. OTHER ASSETS continued
Others - net
2011 2010
Rupiah: Prepaid expenses
1,343,723 887,825
Receivables from sales of marketable securities 1,298,053
1,374 Receivables from customer transactions
551,262 694,517
Receivables from transactions related to ATM and credit card 447,975
301,756 Abandoned properties - net of
accumulated losses arising from impairment in net realisable value amounting to
Rp10,349 and Rp10,349 as at 31 December 2011 and 2010, respectively
169,931 175,979
Receivables to policy’s holder 167,955
91,232 Repossessed assets - net of accumulated losses arising
from impairment in net realisable value amounting to Rp9,871 and 10,129 as at 31 December 2011
and 2010, respectively 133,181
142,928 Prepaid taxes
21,274 23,277
Others 1,318,474
1,316,540 Total Rupiah
5,451,828 3,635,428
Foreign currencies: Prepaid expenses
61,035 10,023
Receivables from customer transactions Note 57B.v 7,192
7,147 Receivables from sales of marketable securities Note 57B.v
3,716 -
Receivables to policy’s holder Note 57B.v 1,569
228 Prepaid taxes
266 295
Others 319,918
784,512 Total foreign currencies
393,696 802,205
Total 5,845,524
4,437,633 Less: Allowance for possible losses
300,005 740,012
5,545,519 3,697,621
Prepaid expenses mostly consist of advance payments relating to building rental and maintenance. Receivable from sale of marketable securities represents receivable arising from selling of securities
transactions that have matured on 4 January 2012. Receivables from customer transactions mainly consist of receivable arising from securities
transactions of PT Mandiri Sekuritas Subsidiary. As at 31 December 2011 and 2010, included in receivables from customer transactions is an impaired portfolio amounting to Rp175,484 and
Rp335,372, respectively.
Receivable from transactions related to ATM and credit card represent receivable arising from ATM transactions within ATM Bersama network and receivable from Visa and MasterCard on credit card
transactions.
Receivables to policy’s holder represent the Subsidiary’s receivable to policy’s holder on premium of non unit-linked products.
Others mainly consist of inter-office accounts, various receivables from transaction with third parties, including clearing transactions and others.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2011 AND 2010
Expressed in millions of Rupiah, unless otherwise stated
Appendix 592 18. OTHER ASSETS continued
Movement of allowance for possible losses on other assets are as follows:
2011 2010
Balance at beginning of year 740,012
936,622 Reversal during the year Note 40
339,620 89,803
Reclassification during the year -
112,475 Others
100,387 5,668
Balance at end of year 300,005
740,012
Includes effect of foreign currency translation.
Management believes that the allowance for possible losses is adequate to cover any potential losses from other assets.
19. DEPOSITS FROM CUSTOMERS - DEMAND DEPOSITS
a. By Currency, Related Parties and Third Parties:
2011 2010
Rupiah: Related parties Note 51
22,512,729 15,877,000
Third parties 44,696,490
30,325,530 Total Rupiah
67,209,219 46,202,530
Foreign currencies: Related parties Note 51
4,236,222 96,843
Third parties 21,085,145
21,987,880 Total foreign currencies Note 57B.v
25,321,367 22,084,723
92,530,586 68,287,253
Included in demand deposits were wadiah deposits amounting to Rp4,583,523 and Rp3,930,121, as at 31 December 2011 and 2010, respectively.
b. Average Interest Rates Cost of Funds and Range of Profit Sharing per Annum: Average interest rates cost of funds per annum:
2011 2010
Rupiah 2.32
2.89 Foreign currencies
0.13 0.16
Range of profit sharing per annum on wadiah deposits:
2011 2010
Rupiah 0.76 - 2.83
0.85 - 0.99 Foreign currencies
0.19 - 0.89 0.21 - 0.99
c. As at 31 December 2011 and 2010, demand deposits pledged as collateral for bank guarantees,
loans and trade finance facilities irrevocable letters of credits were amounting to Rp1,592,173 and Rp1,127,973, respectively Note 12B.c and 28e.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2011 AND 2010
Expressed in millions of Rupiah, unless otherwise stated
Appendix 593 20. DEPOSITS FROM CUSTOMERS - SAVING DEPOSITS
a. By Currency, Type, Related Parties and Third Parties:
2011 2010
Rupiah: Related parties Note 51
Mandiri Saving 811,981
374,098 Third parties
Mandiri Saving 136,166,827
111,113,702 Mandiri Haji Saving
862,304 822,321
Total Rupiah 137,841,112
112,310,121 Foreign currencies:
Third parties Mandiri Saving Note 57B.v
12,027,221 11,646,486
Total foreign currencies 12,027,221
11,646,486 149,868,333
123,956,607
b. Average Interest Rates Cost of Funds per annum:
2011 2010
Rupiah 2.25
2.39 Foreign currencies
0.22 0.24
21. DEPOSITS FROM CUSTOMERS - TIME DEPOSITS
a. By Currency, Related Parties and Third Parties:
2011 2010
Rupiah Related parties Note 51
31,737,658 44,421,077
Third parties 94,051,630
88,664,832 125,789,288
133,085,909 Foreign currencies Note 57B.v
Third parties 16,540,396
12,058,140 142,329,684
145,144,049
b. By Contract Period:
2011 2010
Rupiah: 1 month
89,028,175 98,329,104
3 months 24,481,581
26,820,757 6 months
7,909,980 3,547,941
12 months 4,192,834
4,311,500 Over 12 months
176,718 76,607
Total Rupiah 125,789,288
133,085,909 Foreign currencies:
1 month 14,400,413
10,093,542 3 months
880,973 1,082,728
6 months 930,113
742,280 12 months
312,509 137,700
Over 12 months 16,388
1,890 Total foreign currencies
16,540,396 12,058,140
142,329,684 145,144,049
