Marketable Securities FS Bank Mandiri Tbk 311211 Eng 1 Final opini
o. Loans continued
Murabahah receivables are the financing such goods by confirming purchase price to a buyer and the buyer pays it with a higher price as an agreed profit. Murabahah receivables are stated at the balance of the receivable less deferred margin and allowance for possible losses. Istishna receivables are the financing such goods in the form of manufacturing the ordered goods with the agreed criteria and specification by both of orderer or buyer Mustashni and manufacturer or seller Shani. Istishna receivables are presented based on the outstanding billings less allowance for possible losses. Qardh receivables are a borrowing at the condition that the borrower should repay the loan at specified period of time. The Subsidiary will obtain a free ujrah from this transaction, which is recognized upon receipt. Qardh receivables is stated at its outstanding balance less allowance for possible losses. Rahn represent the mortgage of goods or assets owned by the customer for an equivalent amount of money. Assets or goods mortgaged are appraised based on market value, less a certain deduction percentage. The Subsidiary will obtain a fee ujrah, which is recognized upon receipt. Loans are classified as financial assets in loans and receivables. Refer to Note 2c for the accounting policy of loans and receivables. Loans Purchased from IBRA Bank Indonesia issued Regulation No. 47PBI2002 regarding “Prudential Principles for Credits Purchased by Banks from IBRA” dated 27 September 2002, which applies for all loans purchased from IBRA starting 1 January 2002. The difference between the outstanding loan principal and purchase price is booked as deferred income if the Bank enters into a new agreement with the borrower, and as an allowance for impairment losses if the Bank does not enter into a new credit agreement with the borrower. The allowance for loan losses or deferred income can only be adjusted once the Bank has recovered the original purchase price. Income arising from the loans purchased from IBRA is recognised on a cash basis. If the Bank enters into a new credit agreement with the borrower, any receipts from a borrower are recognised as a deduction of the outstanding principal andor as interest income following the terms or conditions as set out in the new credit agreement. If the Bank does not enter into a new credit agreement with the borrower, any receipts from a borrower must be recognised firstly as a deduction of outstanding principal. The excess of receipts over the outstanding principal balance shall be recognised as interest income. Bank Indonesia requires banks to fully recover the purchase price of the loans within five years from the date of loan booking. Any unpaid amount after five years should be written off by the banks. Based on the letter from Bank Indonesia No. 958DPNPIDPnP dated 16 February 2007, Bank Mandiri can continue to manage ex-IBRA loans which have passed a period of 5 years after purchase, if the loans at the time reach 5-years period, are classified as current based on factors of business prospects, performance and the ability of debtors to pay as stipulated in the relevant BI regulation regarding Asset Quality. Loans purchased from IBRA are classified as financial assets in loans and receivables. Refer to Note 2c for the accounting policy of loans and receivables.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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