Deposits and Deposits from Other Banks
g. Income Tax
Significant judgment is required in determining the provision for income taxes. There are many transactions and calculations for which the ultimate tax determination is uncertain due to different interpretation of tax regulations. Where the final tax outcome of these matters is different from the amounts that were initially recorded, such differences will have an impact on the current and deferred income tax assets and liabilities in the period in which such determination is made. Estimates and Assumptions The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period are disclosed below. The Group based its assumptions and estimates on parameters available when the consolidated financial statements were prepared. Existing circumstances and assumptions about future developments may change due to market changes on circumstances arising beyond the control of the Group. Such changes are reflected in the assumptions when they occur:a. Fair Value of Financial Assets and Financial Liabilities
Indonesian Financial Accounting Standards require measurement of certain financial assets and liabilities at fair values, and the disclosure requires the use of estimates. Significant component of fair value measurement is determined based on verifiable objective evidence i.e. foreign exchange rate, interest rate, while timing and amount of changes in fair value might differ due to different valuation method used. The fair value of financial assets and liabilities are set out in Note 52.b. Estimated Useful Lives of Investment Properties and Property and Equipment
The useful life of each of the item of the Group’s investment properties and property and equipment are estimated based on the period over which the asset is expected to be available for use. Such estimation is based on a collective assessment of similar business, internal technical evaluation and experience with similar assets. The estimated useful life of each asset is reviewed periodically and updated if expectations differ from previous estimates due to physical wear and tear, technical or commercial obsolescence, and legal or other limits on the use of the asset. It is possible, however, that future results of operations could be materially affected by changes in the amounts and timing of recorded expenses brought about by changes in the factors mentioned above. A reduction in the estimated useful life of any item of investment properties and property and equipment would increase the recorded depreciation and decrease the carrying values of these assets. There is no change in the estimated useful lives of investment properties and property and equipment during the year. The carrying value of these assets are further explained in Notes 18 and 19. - 47 -Parts
» Penandatanganan Perjanjian Kerjasama Program Ainity antara Asuransi Sinar Mas dengan Columbia.
» Penandatanganan Kerjasama Coordination of Beneit CoB
» Penandatanganan Kerjasama Ainity dengan PT Abacus Distribution Systems.
» Signing of Cooperation Agreement Contra Bank
» Signing of Cooperation Ainity with PT Abacus Distribution Systems.
» Direct Billing Agreement between ASM Augusta Hospital, Germany
» Seminar Kesehatan SMMA 2014AR. SMMA 2014AR
» Direct Billing Agreement between ASM and Augusta Hospital, Germany
» Literasi Keuangan bagi warga masyarakat lingkungan
» Literasi Keuangan mengenai Jaminan Kesehatan Nasional dan Koordinasi Manfaat BPJS Kesehatan
» Literasi keuangan bagi nasabah asurani kecelakaan diri Larissa
» Financial Literacy for citizens ASM oice environment
» Financial Literacy on the National Health Insurance and Beneits Coordination BPJS
» Financial Literacy for customers asurani personal accident Larissa
» Fitch Ratings 2014 SMMA 2014AR. SMMA 2014AR
» Indonesia Brand Champion Award 2013
» PT. Asuransi Sinar Mas melalui Unit Syariahnya mendapatkan beberapa penghargaan yaitu :
» PT. Asuransi Sinar Mas through sharia Unit received several awards, namely:
» Indonesia Insurance Consumer Choice Award 2014
» Berita Foto Photo Description
» Penghargaan Award SMMA 2014AR. SMMA 2014AR
» Produk-produk perusahan ada 2 yaitu:
» Existing Branch Oices SMMA 2014AR. SMMA 2014AR
» The Company has 2 products, namely:
» Peristiwa Penting di tahun yang lalu
» Kinerja keuangan Perseroan di tahun Buku 2014 5. Signiicant Events in the previous year
» Company’s Financial Performance in 2014 Fiscal year
» Investor Best Syariah 2014 August
» Media Asuransi Insurance Award 2014 June
» Infobank Insurance Award 2014 August
» Infobank Sharia Insurance Award 2014 September
» Karim Consulting Indonesia The 10th Islamic Finance Award 2014 February
» Infobank Insurance Award Syariah 2014 September
» Karim Consulting Indonesia The 10th Islamic Finance Award 2014
» Establishment and General Information
» Public Offering of the Company’s Shares
» Employees, Directors and Commissioners
» Basis of Consolidated Financial Statements Preparation and Measurement
» Principles of Consolidation Summary of Significant Accounting and Financial Reporting Policies
» Accounting for Business Combination
» Foreign Currency Translation Summary of Significant Accounting and Financial Reporting Policies
» Transactions with Related Parties
» Minimum Liquidity Reserve Summary of Significant Accounting and Financial Reporting Policies
» Financial Instruments Summary of Significant Accounting and Financial Reporting Policies
» Securities Summary of Significant Accounting and Financial Reporting Policies
» Consumer Financing Receivables Summary of Significant Accounting and Financial Reporting Policies
» Lease Transactions Summary of Significant Accounting and Financial Reporting Policies
» Factoring Receivables Summary of Significant Accounting and Financial Reporting Policies
» Segregated Funds Net Assets and Contract Liabilities – Unit Link
» Loans Summary of Significant Accounting and Financial Reporting Policies
» Ijarah Assets Summary of Significant Accounting and Financial Reporting Policies
» Investments in Associates Summary of Significant Accounting and Financial Reporting Policies
» Investment Properties Summary of Significant Accounting and Financial Reporting Policies
» Property and Equipment Summary of Significant Accounting and Financial Reporting Policies
» Foreclosed Properties Summary of Significant Accounting and Financial Reporting Policies
» Prepaid Expenses Summary of Significant Accounting and Financial Reporting Policies
» Impairment of Non-Financial Assets
» Deposits and Deposits from Other Banks
» Insurance Contracts Summary of Significant Accounting and Financial Reporting Policies
» Loans Received Summary of Significant Accounting and Financial Reporting Policies
» Securities Issued Summary of Significant Accounting and Financial Reporting Policies
» Financial Guarantee Contracts Summary of Significant Accounting and Financial Reporting Policies
» Financial Assets Not Quoted in Active Market Allowance for Impairment of Financial Instruments
» Impairment of AFS Equity Investments Lease Commitmens
» Estimated Useful Lives of Investment Properties and Property and Equipment
» Time deposits Short-term Investments
» Placements with Bank Indonesia and other banks
» Segregated Funds Net Assets - Unit Link
» Securities Purchased Under Agreements to Resell Consumer Financing Receivables
» Net Investments in Finance Lease
» Factoring Receivables SMMA 2014AR. SMMA 2014AR
» Premiums and Reinsurance Receivables
» Loans SMMA 2014AR. SMMA 2014AR
» Acceptance Receivables and Payables Ijarah Assets
» Receivables From Brokers SMMA 2014AR. SMMA 2014AR
» Other Accounts Receivable SMMA 2014AR. SMMA 2014AR
» The Company’s Investments in Shares of Stock
» Subsidiaries’ investments in shares of stock
» Reinsurance Assets Property and Equipment
» Foreclosed Properties SMMA 2014AR. SMMA 2014AR
» Insurance Payable SMMA 2014AR. SMMA 2014AR
» Liability for Future Policy Benefits
» Unearned Premiums Estimated Claims Liability
» Payables To Brokers Taxes Payable
» Accrued Expenses Securities Issued
» Other Liabilities SMMA 2014AR. SMMA 2014AR
» Non Controlling Interests in Net Assets and Comprehensive Income Losses of the Subsidiaries
» Capital Stock SMMA 2014AR. SMMA 2014AR
» Additional Paid-in Capital - Net
» Other Equity Components SMMA 2014AR. SMMA 2014AR
» Cash Dividends SMMA 2014AR. SMMA 2014AR
» Insurance Underwriting Income SMMA 2014AR. SMMA 2014AR
» Interest Income and Profit Sharing
» Sales SMMA 2014AR. SMMA 2014AR
» Other Income SMMA 2014AR. SMMA 2014AR
» Insurance Underwriting Expenses Interest Expense and Profit Sharing
» Long Term Employee Benefits Liability
» Income Taxes SMMA 2014AR. SMMA 2014AR
» Earnings Per Share SMMA 2014AR. SMMA 2014AR
» Nature of Relationship and Transactions with Related Parties Nature of Relationship
» Net Monetary Assets and Liabilities Denominated in Foreign Currencies
» Fair Value of Financial Assets and Financial Liabilities
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