Basis of Preparation of the Consolidated Financial Statements Changes in accounting policies in current year
b. Changes in accounting policies in current year continued
b.iv. SFAS 25 Revised 2009 – “Accounting Policies, Changes in Accounting Estimates and Errors” continued Allowance for impairment losses on financial guarantee contracts and commitments continued Determination of allowance for impairment losses on financial guarantee contracts with credit risk and commitments are classified into five categories with the minimum percentage of allowance for impairment losses as follows: Minimum percentage of allowance Classification for impairment losses Pass 1 Special mention 5 Substandard 15 Doubtful 50 Loss 100 The above percentages are applied to commitments and contingencies unused committed loan facilities, letter of credits and bank guarantee, less collateral value, except for commitments and contingencies categorised as pass, where the rates are applied directly to the outstanding balance of commitment and contingencies. Allowance for impairment losses on non-earning assets Starting from 1 January 2011, the Bank determines allowance for possible losses on foreclosed assets and abandoned properties at the lower of the carrying amount and fair value less costs to sell. Prior 1 January 2011, the determination of allowance for impairment losses on foreclosed assets and abandoned properties was calculated by the bank in accordance with Bank Indonesia regulation as follows: Period Current Up to 1 year Substandard More than 1 year up to 3 years Doubtful More than 3 years up to 5 years Loss More than 5 years Starting from 1 January 2011, the Bank determines allowance for impairment losses on inter- office accounts and suspense accounts at the lower of carrying amount and recoverable amount. PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2011 AND 2010 Expressed in millions of Rupiah, unless otherwise stated Appendix 517 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continuedb. Changes in accounting policies in current year continued
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
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