Derivative Receivables and Derivative Payables continued
q. Net Investment in Finance Lease
Net investment in finance lease is a finance lease receivable plus the amount of residual value to be received at the end of the lease financing decreased by unearned lease income, security deposits and the allowance for doubtful accounts. The difference between the gross lease receivable and the present value of the lease receivables is recognized as unearned lease income. Unearned lease income is allocated to current year consolidated statement of income based on a constant rate of return on net investment using the effective interest rate. The lessee have the right financing option to purchase the leased asset at the end of the lease period at a price mutually agreed upon at the commencement of the agreement. Early termination is treated as a cancellation of an existing contracts and the resulting gain or loss is credited or charged to the current year consolidated statement of income at the transaction date. Net investment in finance leases are classified as loans and receivables. Refer to Note 2c to the accounting policy for loans and receivables.r. Fixed Assets and Leased Assets
i. Fixed assets Fixed assets except for land is stated at cost less accumulated depreciation and impairment losses. Such cost includes the cost of replacing part of the fixed assets when that cost is incurred, if the recognition criteria are met. Likewise, when a major inspection is performed, its cost is recognised in the carrying amount of the fixed assets as a replacement if the recognition criteria are satisfied. All other repairs and maintenance costs that do not have future economics benefit are recognised in the consolidated statement of income as incurred. Depreciation and amortisation is calculated using the straight-line method over the estimated useful lives of the assets as follows: Years Buildings 20 Furniture, fixtures, office equipment and computer equipmentsoftware and vehicles 4-5 Fixed assets are derecognised upon disposal or when no future economic benefits are expected from their use or disposal. Any gain or loss arising from derecognition of the asset calculated as the difference between the net disposal proceeds and the carrying amount of the asset is included in consolidated statement of income in the year the asset is derecognised. The asset’s residual values, useful lives and methods of depreciation are reviewed, and adjusted prospectively if appropriate, at each financial year end. Construction in progress is stated at cost and is presented as part of fixed assets. Accumulated costs are reclassified to the appropriate fixed assets account when the assets are substantially complete and are ready for their intended use.Parts
» FS Bank Mandiri Tbk 311211 Eng 1 Final opini
» Establishment FS Bank Mandiri Tbk 311211 Eng 1 Final opini
» Merger FS Bank Mandiri Tbk 311211 Eng 1 Final opini
» Merger continued FS Bank Mandiri Tbk 311211 Eng 1 Final opini
» Recapitalisation FS Bank Mandiri Tbk 311211 Eng 1 Final opini
» Recapitalisation continued FS Bank Mandiri Tbk 311211 Eng 1 Final opini
» Quasi-Reorganisation FS Bank Mandiri Tbk 311211 Eng 1 Final opini
» Divestment of Government Share Ownership Subsidiaries Associates
» Subsidiaries and Associates continued PT Bank Syariah Mandiri
» Subsidiaries and Associates continued PT Mandiri Sekuritas
» Subsidiaries and Associates continued PT Mandiri Tunas Finance
» Subsidiaries and Associates continued PT AXA Mandiri Financial Services
» Subsidiaries and Associates continued PT Mandiri AXA General Insurance continued
» Structure and Management FS Bank Mandiri Tbk 311211 Eng 1 Final opini
» Structure and Management continued
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» Changes in accounting policies in current year continued
» Financial instruments A. Financial assets
» Financial instruments continued A. Financial assets continued
» Financial instruments continued B. Financial liabilities
» Financial instruments continued C. Derecognition
» Financial instruments continued E. Classes of financial instrument
» Financial instruments continued E. Classes of financial instrument continued
» Financial instruments continued G. Allowance for impairment losses of financial assets
» Financial instruments continued G. Allowance for impairment losses of financial assets continued
» Financial instruments continued I.
» Principles of Consolidation FS Bank Mandiri Tbk 311211 Eng 1 Final opini
» Principles of Consolidation continued
» Foreign Currency Transactions and Balances
» Transactions with Related Parties
» Transactions with Related Parties continued
» Current Accounts with Bank Indonesia and Other Banks
» Placements with Bank Indonesia and Other Banks
» Marketable Securities FS Bank Mandiri Tbk 311211 Eng 1 Final opini
» Government Bonds FS Bank Mandiri Tbk 311211 Eng 1 Final opini
» Government Bonds continued FS Bank Mandiri Tbk 311211 Eng 1 Final opini
» Other Receivables - Trade Transactions
» Securities PurchasedSold under ResaleRepurchase Agreements
» Derivative Receivables and Derivative Payables
» Derivative Receivables and Derivative Payables continued
» Loans FS Bank Mandiri Tbk 311211 Eng 1 Final opini
» Loans continued FS Bank Mandiri Tbk 311211 Eng 1 Final opini
» Consumer Financing Receivables FS Bank Mandiri Tbk 311211 Eng 1 Final opini
» Net Investment in Finance Lease
» Fixed Assets and Leased Assets
» Fixed Assets and Leased Assets continued
» Investments in Shares FS Bank Mandiri Tbk 311211 Eng 1 Final opini
» Allowance for Possible Losses on Non-Earning Assets
» Acceptance Receivables and Payables
» Other Assets FS Bank Mandiri Tbk 311211 Eng 1 Final opini
» Obligation due Immediately FS Bank Mandiri Tbk 311211 Eng 1 Final opini
» Deposits from Customers FS Bank Mandiri Tbk 311211 Eng 1 Final opini
» Liability for Future Policy Benefits and Liability to Unit-Linked Holders
» Determining fair values of financial instruments Employee benefit
» CURRENT ACCOUNTS WITH BANK INDONESIA
» MARKETABLE SECURITIES Employee benefit continued
» GOVERNMENT BONDS Employee benefit continued
» DERIVATIVE RECEIVABLES AND PAYABLES
» CONSUMER FINANCING RECEIVABLES Employee benefit continued
» ACCEPTANCE RECEIVABLES Employee benefit continued
» POLICYHOLDERS’ INVESTMENT AND LIABILITY TO UNIT-LINKED HOLDERS
» OTHER ASSETS Employee benefit continued
» DEPOSITS FROM CUSTOMERS - DEMAND DEPOSITS
» DEPOSITS FROM CUSTOMERS - TIME DEPOSITS
» DEPOSITS FROM OTHER BANKS - DEMAND AND SAVING DEPOSITS
» DEPOSITS FROM OTHER BANKS - INTER-BANK CALL MONEY
» ACCEPTANCE PAYABLES Employee benefit continued
» MARKETABLE SECURITIES ISSUED Employee benefit continued
» FUND BORROWINGS Employee benefit continued
» ESTIMATED LOSSES ON COMMITMENTS AND CONTINGENCIES
» Tax Expense FS Bank Mandiri Tbk 311211 Eng 1 Final opini
» Tax expense - Current continued
» SUBORDINATED LOANS Deferred tax assets - net continued
» TEMPORARY SYIRKAH FUNDS Deferred tax assets - net continued
» NON CONTROLLING INTEREST IN NET ASSETS OF CONSOLIDATED SUBSIDIARIES
» SHARE CAPITAL a. Authorised, Issued and Fully Paid-in Capital
» Authorised, Issued and Fully Paid-in Capital continued
» Additional Paid-In CapitalAgio FS Bank Mandiri Tbk 311211 Eng 1 Final opini
» Additional Paid-In CapitalAgio continued Distribution of Net Income
» MANAGEMENT STOCK OPTION PLAN
» OTHER OPERATING INCOME – OTHERS
» ALLOWANCE FOR IMPAIRMENT LOSSES
» REVERSAL FOR POSSIBLE LOSSES
» GAINS ON SALE OF MARKETABLE SECURITIES AND GOVERNMENT BONDS
» SALARIES AND EMPLOYEE BENEFITS
» GENERAL AND ADMINISTRATIVE EXPENSES EMPLOYEE BENEFITS
» OTHER OPERATING EXPENSES - OTHERS - NET
» IMPACT ON THE INITIAL IMPLEMENTATION OF SFAS 50 REVISED 2006 AND SFAS 55 REVISED 2006
» Liabilities 17.87 FS Bank Mandiri Tbk 311211 Eng 1 Final opini
» CUSTODIAL SERVICES AND TRUST OPERATIONS
» Integrated Banking System Agreement with Vendor
» Legal Matters FS Bank Mandiri Tbk 311211 Eng 1 Final opini
» Value Added Tax VAT on Bank Syariah Mandiri BSM Murabahah Transactions
» Temporary suspension in receiving new Rahn’s customer by Bank Syariah Mandiri BSM
» GOVERNMENT GUARANTEE FOR THE OBLIGATIONS OF LOCALLY INCORPORATED BANKS
Show more