PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
253
65. NEW FINANCIAL ACCOUNTING STANDARDS AND INTERPRETATION continued
Amendments and Improvements of Indonesian Financial Accounting Standards and Interpretations that are issued by the Indonesian Financial Accounting Standards Board DSAK, but not yet effective
for current year financial statements are disclosed below. The Group intends to adopt these standards, if applicable, when they become effective continued.
viii Amendments to SFAS 67: Disclosure of Interests in Other Entities on Investment Entities: Applying
the Consolidation Exception, effective January 1, 2016 The amendments address issues that have arisen in applying the investment entities exception
under SFAS 65 Consolidated Financial Statements. The amendments clarify that the exemption from presenting consolidated financial statements applies to a parent entity that is a subsidiary of
an investment entity, when the investment entity measures all of its subsidiaries at fair value.
ix SFAS 5 2015 Improvement: Operating Segments, effective January 1, 2016
The improvement clarifies that: -
An entity must disclose the judgements made by management in applying the aggregation criteria in paragraph 12 of SFAS 5 including a brief description of operating segments that
have been aggregated and the economic characteristics. -
Disclose the reconciliation of segment assets to total assets if the reconciliation is reported to the chief operating decision maker, similar to the required disclosure for segment liabilities.
x SFAS 7 2015 Improvement: Related Party Disclosures, effective January 1, 2016.
The improvement clarifies that a management entity an entity that provides key management personnel services is a related party subject to the related party disclosures. In addition, an entity
that uses a management entity is required to disclose the expenses incurred for management services.
xi SFAS 13 2015 Improvement: Investment Property, effective January 1, 2016
The description of ancillary services in SFAS 13 differentiates between investment property and owner-occupied property. The improvement clarifies that SFAS 22, and not the description of
ancillary services in SFAS 13, is used to determine if the transaction is the purchase of an asset or business combination.
xii SFAS 16 2015 Improvement: Property, Plant and Equipment, effective January 1, 2016
The improvement clarifies that in SFAS 16 and SFAS 19 that the asset may be revalued by reference to observable data on either the gross or the net carrying amount. In addition, the
accumulated depreciation or amortization is the difference between the gross and carrying amounts of the asset. Carrying amounts of the asset is restated by revaluated amounts.
xiii SFAS 19 2015 Improvement: Intangible Assets, effective January 1, 2016
The improvement clarifies that in SFAS 16 and SFAS 19 that the asset may be revalued by reference to observable data on either the gross or the net carrying amount. In addition, the
accumulated depreciation or amortization is the difference between the gross and carrying amounts of the asset. Carrying amounts of the asset is restated by revaluated amounts.
xiv SFAS 68 2015 Improvement: Fair value Measurement, effective January 1, 2016
The improvement clarifies that the portfolio exception in SFAS 68 can be applied not only to financial assets and financial liabilities, but also to other contracts within the scope of SFAS 55.
The Group is presently evaluating and has not yet determined the effects of these accounting standards on its financial statements.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
254
66. SUBSEQUENT EVENT
Based on the approval letter from the OJK No. S-1PB.312016 dated January 7, 2016 regarding to Application for Approval of Participation Bank Saudara to PT Mandiri Capital Indonesia PT MCI, the
FSA expressed no objection to the Bank’s plan to make additional equity participation to PT MCI amounted Rp345,000.
On January 21, 2016, additional investment transaction has been executed to PT MCI for Rp340,000, so that MCI becomes the authorized capital amounting to Rp350,000.
The additional investment to PT MCI has been done by issuing 3,400 full amount new shares in PT MCI each share have a nominal value Rp100,000,000 full amount in which all the new shares
executed 100 by Bank Mandiri. The additional investment amounting to Rp340,000 which was carried out entirely by Bank Mandiri so
the percentage ownership of equity in PT MCI owned by Bank Mandiri amounted to 99.97 and Mandiri Sekuritas amounted to 0.03, respectively.
67. ADDITIONAL INFORMATION
The additional information presented in appendix 1 - 4 is supplementary financial information of PT Bank Mandiri Persero Tbk., the Parent, which presents the Bank’s investments in subsidiaries
based on cost method.
PARENT ENTITY FINANCIAL INFORMATION
Appendix 1
PT BANK MANDIRI PERSERO Tbk. STATEMENTS OF FINANCIAL POSITION - PARENT ONLY
As of December 31, 2015 Expressed in millions of Rupiah, unless otherwise stated
December 31, December 31, 2015
2014 ASSETS
Cash 23,118,246
18,719,445 Current accounts with Bank Indonesia
53,276,224 47,772,187
Current accounts with other banks Related parties
349,373 306,556
Third parties 9,201,021
8,100,465 9,550,394
8,407,021 Less: allowance for impairment losses
3,181 3,181
Total 9,547,213
8,403,840 Placements with Bank Indonesia and other banks
Related parties 1,754,200
1,610,050 Third parties
28,808,026 49,624,245
30,562,226 51,234,295
Less: allowance for impairment losses 66,760
93,197 Total - net
30,495,466 51,141,098
Marketable securities Related parties
10,234,479 7,194,304
Third parties 12,986,506
11,701,317 23,220,985
18,895,621 Less:
Unamortised discounts, unrealised losses from decrease in fair
value of marketable securities and allowance for impairment losses
480,077 242,728
Total - net 22,740,908
18,652,893 Government bonds - related parties
94,965,707 82,462,907
Other receivables - trade transactions Related parties
7,498,733 6,414,623
Third parties 7,051,776
6,368,419 14,550,509
12,783,042 Less: allowance for impairment losses
1,669,497 1,586,271
Total - net 12,881,012
11,196,771
