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 586 15. INVESTMENTS IN SHARES continued
c. Movements of allowance for impairment losses on investments in shares:
2011 2010
Balance at beginning of year 1,285
2,106 Allowance during the year Note 39
850 614
Others 1,306
1,435 Balance at end of year
829 1,285
Includes effect of foreign currency translation
Management believes that the allowance for impairment losses on investments in shares is adequate.
16. POLICYHOLDERS’ INVESTMENT AND LIABILITY TO UNIT-LINKED HOLDERS
This account represents Subsidiary’s policyholders’ funds placed in unit-linked investment, with details as follow:
2011 2010
Non-Sharia 8,405,310
6,707,586 Sharia
638,956 504,527
9,044,266 7,212,113
The details of unit-linked investments non-sharia by type of contracts are as follow:
2011 2010
Dynamic Money 5,661,420
4,480,162 Progressive Money
2,126,169 2,035,432
Attractive Money 409,248
109,677 Excellent Money
86,755 -
Secure Money 78,096
66,390 Active Money
24,262 5,961
Fixed Money 11,918
2,168 Money Market
7,442 7,796
8,405,310 6,707,586
The policyholders’ funds - non-sharia placed in statutory deposits as of 31 December 2011 and 2010 amounting to Rp177,500 and Rp 138,500, respectively.
Included in the above policyholders’ investments in unit-linked contracts are policyholders’ fund in foreign currency as at 31 December 2011 and 2010 amounting to USD3,315,060 and USD2,437,683
full amount, respectively.
Dynamic Money This is an equity fund with underlying exposures in stocks listed in Indonesia Stock Exchange and
money market instruments through mutual fund Schroder Dana Prestasi Dinamis 2010: mutual fund Schroder Dana Prestasi Plus.
Progressive Money This is a balanced fund with underlying exposures in stocks and bonds listed in Indonesia Stock
Exchange and money market instruments through mutual fund Schroder Dana Campuran Progresif 2010: mutual fund Schroder Dana Terpadu II.
Attractive Money This is an equity fund with underlying exposures in stocks and bonds listed in Indonesia Stock Exchange
and money market instruments through mutual fund Mandiri Saham Attractive 2010: mutual fund Mandiri Investa Attractive.
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 587 16. POLICYHOLDERS’ INVESTMENT AND LIABILITY TO UNIT-LINKED HOLDERS continued
Excellent Money This is an equity fund with underlying exposures in small cap equities exclude Top 20 traded in
Indonesia Stock Exchange and money market instruments through mutual fund Mandiri Investa Ekuitas Dinamis.
Secure Money Secure Money Rupiah fund is a fixed income fund with underlying exposures in fixed income securities
listed on the Indonesia Stock Exchange and money market instruments through mutual fund Schroder Dana Mantap 2010: mutual fund Schroder Dana Mantap Plus II. The USD fund has underlying
exposures in fixed income securities listed in Indonesia as well as foreign stock exchanges and money market instruments through mutual fund Danareksa Melati Dollar.
Active Money This is a balanced fund with underlying exposures in stocks and bonds listed in Indonesia Stock
Exchange and money market instruments through mutual fund Mandiri Investa Aktif.
Fixed Money This is a fixed income fund with underlying exposures in Indonesian Government Bonds and money
market instruments through mutual fund Mandiri Investa Dana Obligasi.
Money Market This is money market fund with underlying exposures in money market instrument including term
deposits and fixed income securities listed on Indonesia Stock Exchange through mutual fund Mandiri Pasar Uang.
The details of unit-linked investments sharia by type of contracts are as follow:
2011 2010
Attractive Money Syariah 567,787
455,647 Active Money Syariah
58,440 48,880
Advanced Commodity Syariah 12,729
- 638,956
504,527
The policyholders’ funds - sharia placed in statutory deposits as of 31 December 2011 and 2010 amounted to Rp14,430 and Rp 9,882, respectively.
Attractive Money Syariah This is an equity fund with underlying exposures in stocks and bonds listed in Indonesia Stock Exchange
and money market instruments in accordance with sharia principle through mutual fund Mandiri Saham Syariah Attractive 2010: mutual fund Mandiri Investa Atraktif Syariah.
Active Money Syariah This is a balanced fund with underlying exposures in stocks and bonds listed in the Indonesia Stock
Exchange and money market instruments in accordance with sharia principle through mutual fund Mandiri Berimbang Syariah Aktif 2010: mutual fund Mandiri Investa Syariah Berimbang.
Advanced Commodity Syariah This is an equity fund with underlying exposures mainly in commodity and commodity – related stocks
that listed in the Indonesia Stock Exchange and money market instruments in accordance with sharia principle through mutual fund Mandiri Komoditas Syariah Plus.
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 588 17. FIXED ASSETS
The details of fixed assets were as follows:
Movements from 1 January 2011 Beginning
Ending to 31 December 2011
Balance Additions
Deductions Reclassifications
Balance
CostRevalued Amount Direct ownership
Land 2,780,205
312 78
- 2,780,439
Buildings 1,884,375
18,965 1,610
135,016 2,036,746
Furnitures, fixtures, office equipment and computer
equipmentsoftware 5,138,831
342,571 301,904
200,230 5,379,728
Vehicles 160,536
54,659 12,583
- 202,612
Construction in progress 859,923
1,111,868 -
331,979 1,639,812
10,823,870 1,528,375
316,175 3,267
12,039,337 Leased assets
3,267 12,495
- 3 ,267
12,495 10,827,137
1,540,870 316,175
- 12,051,832
Accumulated Depreciation and Amortisation Note 44
Direct ownership Buildings
1,091,391 78,299
169 -
1,169,521 Furnitures, fixtures, office
equipment and computer equipmentsoftware
4,145,584 362,116
291,568 2,069
4,218,201 Vehicles
61,202 24,946
11,892 -
74,256 5,298,177
465,361 303,629
2,069 5,461,978
Leased assets 1,960
369 -
2,069 260
5,300,137 465,730
303,629 -
5,462,238 Net book value
Direct ownership Land
2,780,43 9 Buildings
867,225 Furniture, fixtures, office equipment and computer equipmentsoftware
1,161,527 Vehicles
128,356 Construction in progress
1,639,812 6,577,359
Leased assets 12,235
6,5 89,594
Reclassified from Abandoned Property and Construction In Progress.
Construction in progress as at 31 December 2011 was comprised of:
Balance
Computers and other hardware that have not been installed 705,410
Product development and license - Integrated Banking System 456,715
Buildings 310,610
Office equipment and inventory 152,184
Vehicles 9,059
Others 5,834
1,639,812
The estimated percentage of completion of construction in progress as at 31 December 2011 for Integrated Banking System agreement was ranging between 52.03 - 99.98.
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 589 17. FIXED ASSETS continued
Movements from 1 January 2010 Beginning
Ending to 31 December 2010
Balance Additions
Deductions Reclassifications
Balance
CostRevalued Amount Direct ownership
Land 2,789,518
412 10,436
711 2,780,205
Buildings 1,832,026
11,508 1,874
42,715 1,884,375
Furnitures, fixtures, office equipment and computer
equipmentsoftware 4,696,691
290,568 4,843
156,415 5,138,831
Vehicles 88,948
77,982 7,800
1,406 160,536
Construction in progress 422,478
646,718 -
209,273 859,923
9,829,661 1,027,188
24,953 8,026
10,823,870 Leased assets
3,267 -
- -
3,267 9,832,928
1,027,188 24,953
8,026 10,827,137
Accumulated Depreciation and Amortisation Note 44
Direct ownership Buildings
1,012,549 77,656
- 1,186
1,091,391 Furnitures, fixtures, office
equipment and computer equipmentsoftware
3,798,091 358,394
4,134 6,767
4,145,584 Vehicles
57,676 11,912
8,118 268
61,202 4,868,316
447,962 12,252
5,849 5,298,177
Leased assets 1,306
654 -
- 1,960
4,869,622 448,616
12,252 5,849
5,300,137 Net book value
Direct ownership Land
2,780,205 Buildings
792,984 Furniture, fixtures, office equipment and computer equipmentsoftware
993,247 Vehicles
99,334 Construction in progress
859,923 5,525,693
Leased assets 1,307
5,527,000
Reclassified from Abandoned Property and Construction In Progress.
Construction in progress as at 31 December 2010 was comprised of:
Balance
Computers and other hardware that have not been installed 338,660
Buildings 227,866
Product development and license - Integrated Banking System 147,050
Office equipment and inventory 137,962
Vehicles 775
Others 7,610
859,923
The estimated percentage of completion of construction in progress as at 31 December 2010 for Integrated Banking System agreement was ranging between 82.13 - 99.93.
