PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2009, 2008 AND 2007
Expressed in millions of Rupiah, unless otherwise stated
Appendix 564 13. ACCEPTANCE RECEIVABLES continued
c. By Collectibility:
2009 2008
2007
Current 4,126,632
3,422,193 4,557,947
Special mention 230,141
204,136 464,207
Sub-standard -
17,474 658
Loss -
198,564 423
Total 4,356,773
3,842,367 5,023,235
Less: Allowance for possible losses 52,773
246,008 69,754
4,304,000 3,596,359
4,953,481
d. Movements of Allowance for Possible Losses on Acceptance Receivables:
2009 2008
2007
Balance at beginning year 246,008
69,754 155,223
Reversalallowance during the year Note 37 219,512
137,045 96,805
Others 26,277
39,209 11,336
Balance at end of year 52,773
246,008 69,754
Includes effect of foreign currency translation.
Management believes that the allowance for possible losses on acceptance receivables is adequate.
14. INVESTMENTS IN SHARES
a. The details of investments in shares are as follows:
2009 2008
2007
Equity method 182,665
153,540 119,933
Cost method 6,289
6,289 78,915
Total 188,954
159,829 198,848
Less: Allowance for possible losses 2,106
1,656 73,943
186,848 158,173
124,905
The details of investments in shares as at 31 December 2009 were as follows:
Investee Nature
Percentage of Accumulated Equity
Carrying Companies
of Business Ownership
Cost on Net Income
Amount
Equity Method: PT AXA Mandiri Financial
Services Insurance
49.00 16,761
165,904 182,665
Cost Method: Others each less than
Rp3,000 Various
3.99 -10.00 6,289
- 6,289
Total 188,954
Less: Allowance for possible losses 2,106
186,848
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2009, 2008 AND 2007
Expressed in millions of Rupiah, unless otherwise stated
Appendix 565 14. INVESTMENTS IN SHARES continued
a. The details of investments in shares are as follows continued:
The details of investments in shares as at 31 December 2008 were as follows:
Investee Nature
Percentage of Accumulated Equity
Carrying Companies
of Business Ownership
Cost on Net Income
Amount
Equity Method: PT AXA Mandiri Financial
Services Insurance
49.00 16,761
136,779 153,540
Cost Method: Others each less than
Rp3,000 Various
3.99 - 10.00 6,289
- 6,289
Total 159,829
Less: Allowance for possible losses 1,656
158,173
In 2008, temporary investments resulted from loan restructuring through debt to equity conversion Debt Equity Swap had been written-off because the Bank has owned the investments for more
than 5 five years. This is to comply with Bank Indonesia Regulations - PBI No. 72PBI2005 dated 20 January 2005 regarding Asset Quality Rating for Commercial Banks which has been amended
by Bank Indonesia Regulation - PBI No. 112PBI2009 dated 29 January 2009.
The details of investments in shares as at 31 December 2007 were as follows:
Investee Nature
Percentage of Accumulated Equity
Carrying Companies
of Business Ownership
Cost on Net Income Loss
Amount
Equity Method: PT AXA Mandiri Financial
Services Insurance
49.00 16,761
103,172 119,933
PT Sarana Bersama Pembiayaan Indonesia
Holding company 34.00
2,278 2,278
- 119,933
Cost Method: Others
Various 3.99 - 59.70
78,915 -
78,915 Total
198,848 Less: Allowance for possible losses
73,943 124,905
Include temporary investment obtained from Debt to Equity Swap.
b. Investments in shares by collectibility:
2009 2008
2007
Current 188,898
159,773 126,168
Loss 56
56 72,680
Total 188,954
159,829 198,848
Less: Allowance for possible losses 2,106
1,656 73,943
186,848 158,173
124,905
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2009, 2008 AND 2007
Expressed in millions of Rupiah, unless otherwise stated
Appendix 566 14. INVESTMENTS IN SHARES continued
c. Movements of allowance for possible losses on investments in shares:
2009 2008
2007
Balance at beginning of year 1,656
73,943 73,625
Allowance during the year Note 37 450
339 318
Writt en-offs -
72,626 -
Balance at end of year 2,106
1,656 73,943
Management believes that the allowance for possible losses on investments in shares is adequate.
15. FIXED ASSETS
