Financial instruments continued H. Determination of fair value
f. Transactions with Related Parties
The Bank and Subsidiaries enter into transactions with parties which are defined as related parties in accordance with Statement of Financial Accounting Standards SFAS No. 7 regarding “Related Party Disclosures” and Regulation of Financial Services Authority formerly Bapepam and LK No. KEP-347BL2012, dated 25 June 2012 regarding “Financial Statements Presentation and Disclosure of Issuers or Public Companies”, which are defined, among others, as: I. entities under the control of the Bank and Subsidiaries; II. associated companies; III. investors with an interest in the voting that gives them significant influence; IV. entities controlled by investors under Note III above; V. key employees and family members; and VI. entity that is controlled, jointly controlled or significantly influenced by Government, which is defined as the Minister of Finance or Provincial Government who has share ownership in the entity. All significant transactions with related parties have been disclosed in Note 55.g. Cash and Cash Equivalents
Cash and cash equivalents consist of cash, current accounts with Bank Indonesia and current accounts with other banks and other short term highly liquid investments with original maturities of 3 three months or less.h. Current Accounts with Bank Indonesia and Other Banks
Current accounts with Bank Indonesia and Other Banks are classified as loans and receivables. Refer to Note 2c for the accounting policy of loans and receivables. The Minimum Statutory Reserve Based on Bank Indonesia Regulation No.1019PBI2008 dated 14 October 2008 concerning Statutory Reserves of Commercial Banks in the Bank Indonesia in Rupiah and Foreign Currency, as amended by Bank Indonesia Regulation No. 1025PBI2008 dated 23 October 2008 as amended by Bank Indonesia Regulation No. 1219PBI2010 dated 4 October 2010 as amended by Bank Indonesia Regulation No. 1310PBI2011 dated 9 February 2011 which has been amended with PBI No. 1515PBI2013 dated 24 December 2013, the Bank should comply with a minimum reserve requirement GWM in Bank Indonesia in Rupiah and foreign currencies. Minimum reserve requirement in Rupiah consists of Primary GWM, Secondary GWM and Loan to Deposit Ratio GWM. Primary GWM in Rupiah is set at 8.00 from the Rupiah third party funds, secondary GWM in Rupiah is set at minimum 4.00 from the Rupiah third party funds and GWM LDR in Rupiah is calculated by the difference between lower disincentive parameter or higher disincentive parameter with the difference between Bank’s LDR and target LDR by taking into account the difference between Bank’s Capital Adequacy Ratio CAR and incentive CAR. Primary GWM and secondary GWM are applied effectively starting 1 November 2010 and GWM LDR is applied effectively starting 1 March 2011.Parts
» Consolidated FS with Indep Auditors
» Establishment Consolidated FS with Indep Auditors
» Merger Consolidated FS with Indep Auditors
» Merger continued Consolidated FS with Indep Auditors
» Recapitalisation Consolidated FS with Indep Auditors
» Recapitalisation continued Consolidated FS with Indep Auditors
» Divestment of Government Share Ownership
» Public Offering of Bank Mandiri Subordinated Bonds, Limited Public Offering and Changes
» Subsidiaries Associates Consolidated FS with Indep Auditors
» Subsidiaries and Associates continued Bank Mandiri Europe Limited
» Subsidiaries and Associates continued PT Bank Sinar Harapan Bali continued
» Subsidiaries and Associates continued PT Mandiri Tunas Finance continued
» Subsidiaries and Associates continued PT AXA Mandiri Financial Services continued
» Subsidiaries and Associates continued PT Mandiri AXA General Insurance continued
» Subsidiaries and Associates continued PT Asuransi Jiwa InHealth Indonesia continued
» Subsidiaries and Associates continued PT Bumi Daya Plaza Structure and Management
» Structure and Management continued
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» Basis of Preparation of the Consolidated Financial Statements
» Basis of Preparation of the Consolidated Financial Statements lanjutan
» Changes in accounting policies 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 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 H. Determination of fair value
» Principles of Consolidation Consolidated FS with Indep Auditors
» Principles of Consolidation continued
» Foreign Currency Transactions and Balances
» Transactions with Related Parties
» Current Accounts with Bank Indonesia and Other Banks
» Current Accounts with Bank Indonesia and Other Banks continued
» Placements with Bank Indonesia and Other Banks
» Marketable Securities Consolidated FS with Indep Auditors
» Marketable Securities continued Consolidated FS with Indep Auditors
» Government Bonds Consolidated FS with Indep Auditors
» Other Receivables - Trade Transactions
» Securities PurchasedSold under ResaleRepurchase Agreements
» Derivative Receivables and Derivative Payables Loans
» Loans continued Consolidated FS with Indep Auditors
» Consumer Financing Receivables Consolidated FS with Indep Auditors
» Consumer Financing Receivables continued
» Net Investment in Finance Lease Fixed Assets and Leased Assets
» Fixed Assets and Leased Assets continued
» Investments in Shares Consolidated FS with Indep Auditors
» Allowance for Possible Losses on Non-Earning Assets
» Acceptance Receivables and Payables
» Other Assets Consolidated FS with Indep Auditors
» Obligation due Immediately Consolidated FS with Indep Auditors
» Deposits from Customers Consolidated FS with Indep Auditors
» Deposits from Customers continued
» Deposits from Other Banks Insurance Contract
» Insurance Contract continued Consolidated FS with Indep Auditors
» USE OF CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
» Employee benefit Consolidated FS with Indep Auditors
» CURRENT ACCOUNTS WITH BANK INDONESIA
» GOVERNMENT BONDS Insurance liabilities on insurance contracts
» LOANS Insurance liabilities on insurance contracts
» CONSUMER FINANCING RECEIVABLES Insurance liabilities on insurance contracts
» NET INVESTMENT IN LEASE FINANCING
» ACCEPTANCE RECEIVABLES Insurance liabilities on insurance contracts
» FIXED ASSETS Insurance liabilities on insurance contracts
» OTHER ASSETS Insurance liabilities on insurance contracts
» DEPOSITS FROM CUSTOMERS - DEMAND DEPOSITS
» DEPOSITS FROM CUSTOMERS - SAVING DEPOSITS
» DEPOSITS FROM OTHER BANKS - DEMAND AND SAVING DEPOSITS
» DEPOSITS FROM OTHER BANKS - TIME DEPOSITS
» ACCEPTANCE PAYABLES Insurance liabilities on insurance contracts
» MARKETABLE SECURITIES ISSUED Insurance liabilities on insurance contracts
» Tax Payables Consolidated FS with Indep Auditors
» Tax BenefitExpense Tax Expense - Current
» Tax Expense - Current continued
» Deferred tax assets - net continued
» Tax assessment letters Consolidated FS with Indep Auditors
» EMPLOYEE BENEFIT LIABILITIES Tax assessment letters continued
» OTHER LIABILITIES Tax assessment letters continued
» FUND BORROWINGS Tax assessment letters continued
» SUBORDINATED LOANS Tax assessment letters continued
» TEMPORARY SYIRKAH FUNDS Tax assessment letters continued
» NON CONTROLLING INTEREST IN NET ASSETS OF CONSOLIDATED SUBSIDIARIES
» SHARE CAPITAL a. Authorised, Issued and Fully Paid Capital
» Authorised, Issued and Fully Paid-in Capital continued
» Additional Paid-In CapitalShare Premium
» INTEREST INCOME AND SHARIA INCOME
» INTEREST EXPENSE AND SHARIA EXPENSE
» OTHER OPERATING INCOME - OTHERS
» ALLOWANCE FOR IMPAIRMENT LOSSES
» UNREALISED GAINSLOSSES Distribution of Net Income
» GAINLOSS ON SALE OF MARKETABLE SECURITIES AND GOVERNMENT BONDS
» SALARIES AND EMPLOYEE BENEFITS
» GENERAL AND ADMINISTRATIVE EXPENSES
» OTHER OPERATING EXPENSES - OTHERS - NET
» COMMITMENTS AND CONTINGENCIES Distribution of Net Income
» RELATED PARTY TRANSACTIONS Distribution of Net Income
» CUSTODIAL SERVICES AND TRUST OPERATIONS
» SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES a.
» Liabilities Legal Matters Consolidated FS with Indep Auditors
» Value Added Tax VAT on Bank Syariah Mandiri BSM Murabahah Financing Transactions
» Trade Financing with Asian Development Bank ADB
» GOVERNMENT GUARANTEE FOR THE OBLIGATIONS OF LOCALLY INCORPORATED BANKS
Show more