NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 591 19. FIXED ASSETS continued
Others
a. On 22 February 1990, the Bank signed a Joint Operation agreement KSO with PT Pakuwon Jati,
where PT Pakuwon Jati will build a shopping center and office tower with 17 storeys and other supporting facilities on land owned by Bank Mandiri, which located on Jalan Basuki Rachmat
No. 2, 4, 6 Surabaya. PT Pakuwon Jati is entitled to utilise the building for 22 years. The KSO agreement has matured on 21 February 2012 and the ownership of building has been transferred to
Bank Mandiri.
Through the Temporary utilisation agreement No. 05 dated 21 February 2012, developers can still utilise the building in the form of room rental for one year period until 20 February 2013. As at
20 February 2013, the agreement has been extended until 20 February 2014. However, the Bank has the right to terminate the agreement anytime if the Bank will utilise the building or transfer the
rights to third party.
On 14 June 1991, the Bank signed an Amendment I of Joint Operation agreement KSO with PT Duta Anggada Realty Tbk., in which PT Duta Anggada Realty Tbk. will build 2 office towers with
32 storeys on land owned by Bank Mandiri which located on Jalan Jenderal Sudirman lot 53-56, Jakarta. The agreement became effective from 14 June 1991 up to 20 years from the date of the
construction was completed, but not longer than 23 years starting the construction was completed the office building will be handed over in May 2014 for the first tower and in May 2016 for the
second tower. On the expiry date of the agreements, PT Duta Anggada Realty Tbk. will hand over the ownership of the building to Bank Mandiri.
b. Estimated fair value of land and buildings owned by the Bank as at 31 December 2012 are
determined using value of Sales Value of Tax Object NJOP. NJOP is regarded as the best estimates which reflect the fair value. As at 31 December 2012, the NJOP of land and buildings
owned by the Bank are Rp8,199,856 and Rp1,859,879, respectively. Other than land and buildings, there are no significant difference between the estimated fair value and carrying value of fixed
assets.
c. Land rights acquired through Leasehold Certificate HGB that can be renewed will expire between
2014 to 2017. Based on past experience, the Group has the confidence to extend the HGB. d.
All of fixed assets as at the reporting date are used to support the operating activities of the Group. e.
Bank Mandiri have insured their fixed assets excluding land rights, construction in progress and leased assets to cover potential losses from risk of fire, theft and natural disaster with PT Asuransi
Adira Dinamika, PT Asuransi Bina Dana Arta Tbk., PT Asuransi Bringin Sejahtera Artamakmur, PT Asuransi Dayin Mitra Tbk., PT Asuransi Himalaya Pelindung, PT Asuransi Indrapura, PT Asuransi
Jasatania, PT Asuransi Jasa Indonesia Persero, PT Asuransi Jasaraharja Putera, PT Asuransi Jaya Proteksi, PT Asuransi Parolamas, PT Asuransi Raksa Pratikara, PT Asuransi Rama Satria
Wibawa, PT Asuransi Ramayana Tbk., PT Asuransi Staco Mandiri formerly PT Asuransi Staco Jasapratama, PT Asuransi Umum Mega, PT Asuransi Wahana Tata, PT Caraka Mulia, PT Estika
Jasatama, PT Gelora Karya Jasatama, PT Krida Upaya Tunggal, PT Asuransi Raya, PT Asuransi Purna Artanugraha and PT Mandiri AXA General Insurance formerly PT Asuransi Dharma Bangsa
with total sum insured of Rp1,721,667 and USD76,357,754 full amount as at 31 December 2012 and Rp3,119,177 and USD75,699,481 full amount as at 31 December 2011. Management
believes that the above insurance coverage is adequate to cover possible losses that may arise on the assets insured.
Management also believes that there is no impairment of fixed assets as at 31 December 2012 and 2011.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 592 20. INTANGIBLE ASSETS
2012 2011
- Software 717,842
555,853 - Godwill
142,860 142,860
860,702 698,713
Net of amortisation of Rp1,213,891 and Rp1,125,502 as at 31 December 2012 and 2011.
Software is amortised over its useful lives, which is 5 years refer to Note 2.r.i. As at 31 December 2012 and 2011, the balance of construction in progress for software were
Rp288,621 and Rp456,715. The estimated percentage of completion of software as at 31 December 2012 was ranging between 15 - 95.
Goodwill arises from the difference between the cost of acquisition with the fair value of Subsidiary’s assets acquired. Goodwill is assessed regularly for impairment. As at 31 December 2012 and 2011
there is no impairment on the Bank’s goodwill.
21. OTHER ASSETS
2012 2011
Accrued income 1,926,902
1,704,382 Others - net
5,413,063 3,960,856
7,339,965 5,665,238
Accrued Income
2012 2011
Rupiah 1,716,630
1,570,405 Foreign currencies Note 60B.v
210,272 133,977
1,926,902 1,704,382
Accrued income mainly consist of accrued interest receivables from placements, marketable securities, Government Bonds, loans and accrued fees and commissions.
Others - net
2012 2011
Rupiah: Receivables from customer transactions
980,166 551,262
Receivables from transactions related to ATM and credit card 872,740
447,975 Receivables from policy’s holders
272,331 167,955
Receivables from sales of marketable securities 214,351
1,298,053 Abandoned properties - net of accumulated losses arising from
impairment in net realisable value amounting to Rp10,349 and Rp10,349 as at 31 December 2012 and 2011, respectively
169,931 169,931
Repossessed assets - net of accumulated losses arising from impairment in net realisable value amounting
to Rp9,850 and Rp9,871 as at 31 December 2012 and 2011, respectively
23,988 133,181
Others 2,419,343
1,160,109 Total Rupiah
4,952,850 3,928,466
Foreign currencies: Receivables from customer transactions Note 60B.v
4,996 7,192
Receivables to policy’s holder Note 60B.v 1,870
1,569 Receivables from sales of marketable securities Note 60B.v
- 3,716
Others 730,116
319,918 Total foreign currencies
736,982 332,395
Total 5,689,832
4,260,861 Less: Allowance for possible losses
276,769 300,005
5,413,063 3,960,856
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 593 21. OTHER ASSETS continued
Receivables from customer transactions mainly consist of receivables arising from securities transactions of PT Mandiri Sekuritas Subsidiary. As at 31 December 2012 and 2011, included in
receivables from customer transactions is an impaired portfolio amounting to Rp166,216 and Rp175,484, respectively.
Receivables related to ATM and credit card transactions represent receivable arising from ATM transactions within ATM Bersama, Prima and Link network and receivable from Visa and MasterCard
on credit card transactions.
Receivables to policy holders represent the Subsidiary’s receivables to policy holders related to policy holders’ premium of non unit-linked products.
Receivables from sales of marketable securities represent receivables arising from sale of marketable securities which have settlement date on 3 January 2013 and 4 January 2012, respectively for the
year 2012 and 2011.
Others mainly consist of inter-office accounts, various receivables from transaction with third parties, including clearing transactions and others.
Movement of allowance for possible losses on other assets are as follows:
2012 2011
Balance at beginning of the year 300,005
740,012 Reversal during the year Note 44
13,124 339,620
Others 10,112
100,387 Balance at end of the year
276,769 300,005
Including effect of foreign currency translation.
Management believes that the allowance for possible losses is adequate.
22. DEPOSITS FROM CUSTOMERS - DEMAND DEPOSITS
a. By Currency, Related Parties and Third Parties:
2012 2011
Rupiah: Related parties Note 54
12,876,389 18,749,205
Third parties 64,971,338
48,460,014 Total Rupiah
77,847,727 67,209,219
Foreign currencies: Related parties Note 54
12,677,893 4,577,963
Third parties 23,382,236
20,743,404 Total foreign currencies Note 60B.v
36,060,129 25,321,367
113,907,856 92,530,586
Included in demand deposits were wadiah deposits amounting to Rp6,430,911 and Rp4,583,523 as at 31 December 2012 and 2011, respectively.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 594 22. DEPOSITS FROM CUSTOMERS - DEMAND DEPOSITS continued
b. Average Interest Rates Cost of Funds and Range of Profit Sharing per Annum: Average interest rates cost of funds per annum:
2012 2011
Rupiah 2.04
2.32 Foreign currencies
0.22 0.13
Range of profit sharing per annum on wadiah deposits:
2012 2011
Rupiah 0.75 - 1.10
0.76 - 2.83 Foreign currencies
0.19 - 0.68 0.19 - 0.89
c. As at 31 December 2012 and 2011, demand deposits pledged as collateral for bank guarantees,
loans and trade finance facilities irrevocable Letters of Credits were amounting to Rp2,440,972 and Rp1,592,173, respectively Note 12B.c and 30e.
23. DEPOSITS FROM CUSTOMERS - SAVING DEPOSITS
a. By Currency, Type, Related Parties and Third Parties:
2012 2011
Rupiah: Related parties Note 54
Mandiri Saving 165,577
748,157 Third parties
Mandiri Saving 167,555,465
136,230,651 Mandiri Haji Saving
938,976 862,304
Total Rupiah 168,660,018
137,841,112 Foreign currencies:
Related parties Note 54 Mandiri Saving
763,274 -
Third parties Mandiri Saving
14,546,464 12,027,221
Total foreign currencies Note 60B.v 15,309,738
12,027,221 183,969,756
149,868,333
b. Average Interest Rates Cost of Funds per annum:
2012 2011
Rupiah 1.61
2.25 Foreign currencies
0.22 0.22
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 595 24. DEPOSITS FROM CUSTOMERS - TIME DEPOSITS
a. By Currency, Related Parties and Third Parties:
2012 2011
Rupiah Related parties Note 54
17,233,023 25,151,704
Third parties 112,839,400
100,637,584 Total Rupiah
130,072,423 125,789,288
Foreign currencies Related parties Note 54
4,371,767 3,499,812
Third parties 10,516,061
13,040,584 Total foreign currencies Note 60B.v
14,887,828 16,540,396
144,960,251 142,329,684
b. By Contract Period:
2012 2011
Rupiah: 1 month
81,288,822 89,028,175
3 months 30,279,072
24,481,581 6 months
14,657,520 7,909,980
12 months 3,613,750
4,192,834 Over 12 months
233,259 176,718
Total Rupiah 130,072,423
125,789,288 Foreign currencies:
1 month 13,292,026
14,400,413 3 months
787,908 880,973
6 months 297,357
930,113 12 months
490,862 312,509
Over 12 months 19,675
16,388 Total foreign currencies Note 60B.v
14,887,828 16,540,396
144,960,251 142,329,684
c. By remaining period until maturity dates:
2012 2011
Rupiah: Less than 1 month
92,986,410 94,264,718
1 - 3 months 26,652,009
24,343,627 3 - 6 months
8,271,875 4,336,161
6 - 12 months 1,971,598
2,722,676 Over 12 months
190,531 122,106
Total Rupiah 130,072,423
125,789,288 Foreign currencies:
Less than 1 month 13,532,537
13,165,726 1 - 3 months
754,434 2,295,551
3 - 6 months 403,816
877,713 6 - 12 months
190,147 186,644
Over 12 months 6,894
14,762 Total foreign currencies Note 60B.v
14,887,828 16,540,396
144,960,251 142,329,684
d. Average Interest Rates Cost of Funds per Annum:
2012 2011
Rupiah 5.15
6.37 Foreign currencies
0.68 0.63