NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 586 16. INVESTMENTS IN SHARES continued
a. The details of investments in shares are as follows continued:
The details of investments in shares as at 31 December 2011 are as follows:
Investee Nature
Percentage of Carrying
Companies of Business
Ownership Amount
Fair Value Method: Westech Electronics
Trading and retail 5.50
124 Cost Method:
Others each less than Rp3,000
Various 3.99 - 10.00
7,203 Total
7,327 Less: Allowance for impairment losses
829
6,498
b. Investments in shares by Bank Indonesia’s collectibility:
2012 2011
Current 6,234
7,147 Doubtful
1,060 124
Loss 56
56 Total
7,350 7,327
Less: Allowance for impairment losses 3,044
829
4,306 6,498
c. Movements of allowance for impairment losses on investments in shares:
2012 2011
Balance at beginning of year 829
1,285 Allowance during the year Note 43
2,237 850
Others 22
1,306 Balance at end of year
3,044 829
Includes effect of foreign currency translation
Management believes that the allowance for impairment losses on investments in shares is adequate.
17. POLICYHOLDERS’ INVESTMENT AND LIABILITY TO UNIT-LINKED HOLDERS
This account represents Subsidiary’s policyholders’ investment and liability to unit-linked holders placed in unit-linked investment, with details as follow:
2012 2011
Non-Sharia 10,282,995
8,405,310 Sharia
751,244 638,956
11,034,239 9,044,266
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 587 17. POLICYHOLDERS’ INVESTMENT AND LIABILITY TO UNIT-LINKED HOLDERS continued
The details of non-sharia unit-linked investments type of contracts are as follow:
2012 2011
Dynamic Money 6,122,382
5,661,420 Progressive Money
2,150,890 2,126,169
Attractive Money 1,409,386
409,248 Excellent Equity
382,341 86,755
Secure Money 86,409
78,096 Active Money
77,715 24,262
Fixed Money 46,360
11,918 Money Market
7,512 7,442
10,282,995 8,405,310
The policyholders’ funds - non-sharia placed in statutory deposits as of 31 December 2012 and 2011 amounted to Rp177,548 and Rp177,500, respectively.
Included in the above policyholders’ investments in unit-linked contracts are policyholders’ fund in foreign currency as at 31 December 2012 and 2011 amounted to USD3,503,323 and USD3,315,060,
respectively.
Dynamic Money This is an equity fund with underlying exposures in stocks listed in Indonesia Stock Exchange and
money market instruments through mutual fund Schroder Dana Prestasi Dinamis.
Progressive Money This is a balanced fund with underlying exposures in stocks and bonds listed in Indonesia Stock
Exchange and money market instruments through mutual fund Schroder Dana Campuran Progresif.
Attractive Money This is an equity fund with underlying exposures in stocks and bonds listed in Indonesia Stock
Exchange and money market instruments through mutual fund Mandiri Saham Attractive.
Excellent Equity This is an equity fund with underlying exposures in small cap equities exclude top 20 traded in
Indonesia Stock Exchange and money market instruments through mutual fund Mandiri Dynamic Equity 2011: mutual fund Mandiri Investa Ekuitas Dinamis.
Secure Money Secure Money Rupiah fund is a fixed income fund with underlying exposures in fixed income
securities listed in Indonesia Stock Exchange and money market instruments through mutual fund Schroder Dana Obligasi Mantap. The USD fund has underlying exposures in fixed income securities
listed in Indonesia Stock Exchange as well as foreign stock exchanges and money market instruments through mutual fund Investa Dana Dollar Mandiri.
Active Money This is a balanced fund with underlying exposures in stocks and bonds listed in Indonesia Stock
Exchange and money market instruments through mutual fund Mandiri Aktif 2011: mutual fund Mandiri Investa Aktif.
Fixed Money This is a fixed income fund with underlying exposures in Indonesian Government Bonds and money
market instruments through mutual fund Mandiri Investa Dana Obligasi II.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 588 17. POLICYHOLDERS’ INVESTMENT AND LIABILITY TO UNIT-LINKED HOLDERS continued
Money Market This is money market fund with underlying exposures in money market instrument including term
deposits and fixed income securities listed in Indonesia Stock Exchange through mutual fund Mandiri Investa Pasar Uang.
The details of sharia unit-linked investments type of contracts are as follow:
2012 2011
Attractive Money Syariah 649,302
567,787 Active Money Syariah
71,487 58,440
Advanced Commodity Syariah 28,549
12,729 Amanah Equity Syariah
1,906 -
751,244 638,956
The policyholders’ funds - sharia placed in statutory deposits as of 31 December 2012 and 2011 amounted to Rp15,235 and Rp14,430, respectively.
Attractive Money Syariah This is an equity fund with underlying exposures in stocks and bonds listed in Indonesia Stock
Exchange and money market instruments in accordance with sharia principle through mutual fund Mandiri Saham Syariah Attractive.
Active Money Syariah This is a balanced fund with underlying exposures in stocks and bonds listed in Indonesia Stock
Exchange and money market instruments in accordance with sharia principle through mutual fund Mandiri Berimbang Syariah Aktif.
Advanced Commodity Syariah This is an equity fund with underlying exposures mainly in commodity and commodity - related stocks
that listed in Indonesia Stock Exchange and money market instruments in accordance with sharia principle through mutual fund Mandiri Komoditas Syariah Plus.
Amanah Syariah Equity This is an equity fund with underlying exposures in stocks listed in Indonesia Stock Exchange and
money market instruments in accordance with sharia principle through mutual fund BNP Paribas Pesona Amanah.
18. PREPAID EXPENSES
2012 2011
- Prepaid rent 737,746
616,183 - Building maintenance
410,197 368,475
- Others 287,814
420,100 1,435,757
1,404,758
Prepaid rent mostly consists of rent on buildings which are used as the Group branch’s offices across Indonesia.
