PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2014 AND 2013
Expressed in millions of Rupiah, unless otherwise stated
Appendix 584 13. CONSUMER FINANCING RECEIVABLES continued
c. Movements of allowance for impairment losses on consumer financing receivables are as
follows:
2014 2013
Balance at beginning of year 133,356
90,777 Allowance during the years Note 44
209,113 150,153
Cash recoveries 28,414
27,290 Write-offs
176,031 134,864
Balance at end of year 194,852
133,356
Management believes that the allowance for impairment losses on consumer financing receivables is adequate.
d. Information in respect of classification of “non-impaired” and “impaired” is disclosed in Note 61A.
14. NET INVESTMENT IN LEASE FINANCING
a. Details of Subsidiary’s net investment in lease financing are as follows:
2014 2013
Net investment in lease financing
Rupiah Third parties
Gross lease financing receivables 920,620
713,332 Guaranteed residual value
236,200 173,118
Deferred lease income 136,883
93,641 Security deposit
236,200 173,118
Total net investment in lease financing 783,737
619,691
Less: Allowance for impairment losses 17,213
7,537
Net 766,524
612,154
Financing period for contracts disbursed by the Subsidiary on motor vehicles ranges between 12 - 36 months.
Finance leases receivable - gross have the following settlement agreement are as follows:
2014 2013
Year 2014
- 368,706
2015 458,400
267,864 2016
296,360 64,788
2017 129,785
11,315 2018
35,972 659
2019 and later 103
- 920,620
713,332 Guaranteed residual value, deferred lease income, and security deposit
136,883 93,641
Finance leases receivable 783,737
619,691
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2014 AND 2013
Expressed in millions of Rupiah, unless otherwise stated
Appendix 585 14. NET INVESTMENT IN LEASE FINANCING continued
b. Details of net investment in lease financing by Bank Indonesia’s collectibility as at 31 December
2014 and 2013 are as follows:
2014 2013
Current 718,818
576,394 Special mention
34,738 29,361
Substandard 2,777
3,568 Doubtful
27,404 1,253
Loss -
9,115 Total
783,737 619,691
Less: Allowance for impairment losses 17,213
7,537 766,524
612,154
c. Movements of allowance for impairment losses on net investment in lease financing are as follows:
2014 2013
Balance at beginning of year 7,537
1,767 Allowance during the years Note 44
10,806 6,756
Write-offs 1,684
1,486 Cash recoveries
554 500
Balance at end of year 17,213
7,537
Management believes that the allowance for impairment losses on net investment in lease financing is adequate.
d. Information in respect of classification of “not impaired” and “impaired” is disclosed in Note 61A.
15. ACCEPTANCE RECEIVABLES
a. By Currency, Related Parties and Third Parties:
2014 2013
Rupiah: Receivables from other banks
Related parties Note 55 19,436
53,201 Third parties
176,639 241,133
196,075 294,334
Receivables from debtors Related parties Note 55
165,412 178,887
Third parties 576,520
258,936 741,932
437,823 Total Rupiah
938,007 732,157
Foreign currencies: Receivables from other banks
Related parties Note 55 3,065
- Third parties
86,413 387,330
89,478 387,330
Receivables from debtors Related parties Note 55
64,225 547,719
Third parties 12,022,349
8,511,164 12,086,574
9,058,883 Total foreign currencies Note 61B.v
12,176,052 9,446,213
Total 13,114,059
10,178,370 Less: Allowance for impairment losses
106,927 63,481
13,007,132 10,114,889
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2014 AND 2013
Expressed in millions of Rupiah, unless otherwise stated
Appendix 586 15. ACCEPTANCE RECEIVABLES continued
b. By Maturity:
2014 2013
Rupiah: Less than 1 month
270,125 304,786
1 - 3 months 515,103
373,086 3 - 6 months
152,779 54,285
Total Rupiah 938,007
732,157 Foreign currencies:
Less than 1 month 3,228,606
2,957,937 1 - 3 months
4,295,136 3,370,377
3 - 6 months 4,643,115
2,805,160 6 - 12 months
9,195 312,739
Total foreign currencies Note 61B.v 12,176,052
9,446,213 Total
13,114,059 10,178,370
Less: Allowance for impairment losses 106,927
63,481 13,007,132
10,114,889
c. By Bank Indonesia’s Collectibility:
2014 2013
Current 13,107,724
10,153,572 Special mention
6,335 24,798
Total 13,114,059
10,178,370 Less: Allowance for impairment losses
106,927 63,481
13,007,132 10,114,889
d. Movements of allowance for impairment losses on acceptance receivables:
2014 2013
Balance at beginning of year 63,481
37,041 Allowancereversal during the year Note 44
44,873 3,649
Others 1,427
30,089
Balance at end of year 106,927
63,481
Includes effect of foreign currency translation.
Management believes that the allowance for impairment losses on acceptance receivables is adequate.
e. Information in respect of classification of “non-impaired” and “impaired” is disclosed in Note 61A.
