PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
139
34. EMPLOYEE BENEFIT LIABILITIES December 31,
December 31, 2015
2014
Rupiah Provision for post-employment benefit Note 50
2,411,613 2,234,193
Provisions for bonuses, leave and holiday entitlements 3,365,464
2,946,967 5,777,077
5,181,160
The provision for post-employment benefit such as pension fund and other long term remuneration is according to Bank and Subsidiaries’ policy which had been calculated using actuarial calculation.
35. OTHER LIABILITIES December 31,
December 31, 2015
2014
Rupiah: Liability to policyholders
3,486,140 3,144,685
Guarantee deposits 1,053,344
737,225 Liability related to ATM and credit card transaction
966,227 966,018
Payable to customers 926,371
2,018,396 Liabilities related to unit-link
596,316 1,152,424
Deferred income directly attributable 517,242
501,082 Deferred income not directly attributable
356,577 242,143
Customers transfer transaction 124,431
57,367 Payable from purchase of marketable securities
42,194 13,201
Others 3,442,846
4,320,549 Total
11,511,688 13,153,090
Foreign currencies: Guarantee deposits
906,797 1,178,359
Other liabilities related to UPAS transactions 743,551
796,728 Deferred income not directly attributable
321,721 422,854
Customers transfer transaction 64,301
555,859 Deferred income directly attributable
3,761 1,936
Others 637,593
261,860 Total Note 61B.v
2,677,724 3,217,596
14,189,412 16,370,686
Liabilities to policyholders consist of liabilities of the Subsidiaries AXA Mandiri Financial Services, Mandiri AXA General Insurance and PT Asuransi Jiwa Indonesia InHealth as follows:
December 31, December 31,
2015 2014
Future policy benefits from non unit-linked products 1,705,778
1,724,888 Claim payables
89,324 93,824
Unearned premiums 1,188,453
954,692 Estimated claim liabilities
502,585 371,281
3,486,140 3,144,685
These consolidated financial statements are originally issued in Bahasa.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
140
35. OTHER LIABILITIES continued
Payable to costumers mostly consist of debts arising from securities transactions of PT Mandiri Sekuritas Subsidiary.
Liabilities associated with ATM and credit card transactions consists of liabilities on ATM transactions within ATM Bersama, ATM links and ATM Prima and liabilities to Visa and Master Card for credit card
transactions.
Liabilities related to unit link represents unit-linked liabilities to third parties and unit-linked policyholders’ fund liabilities of a subsidiary AXA Mandiri Financial Services.
The guarantee deposit is a guarantee of cash deposited by customers from export, import transaction and issuance of bank guarantees.
Directly attributed unearned income consists of income from provisionscommissions of loans which directly attributable to unamortized loan.
Unearned income which is not directly attributed consists of deferred feescommissions that are not directly related to the unamortized loan.
Purchase of securities accrued arising from the purchase of securities which was fully paid respectively on January 5, 2016 and January 5, 2015 as of December 31, 2015 and 2014.
Other liabilities on UPAS transaction is a liability to the payer bank in foreign currency related with bill of UPAS to importers.
Others mainly consist of interoffice accounts and liabilities related to trade transactions, deposit and transaction remains to be settled in the form of transfer payment transactions of customers.
36. FUND BORROWINGS December 31,
December 31, 2015
2014
Rupiah: Related parties Note 55
f Others 25,178
202,609 Third parties
a Ministry of Public Work and Housing Kemenpupera 132,948
137,570 b Direct off-shore loans
300,000 300,000
e Repo to maturity 494,301
494,301 f Others
4,237,157 3,221,252
5,164,406 4,153,123
Total 5,189,584
4,355,732
