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 563 12. CONSUMER FINANCING RECEIVABLES continued
c. Movements of allowance for possible losses on consumer financing receivables are as follows:
2009 2008
2007
Balance at beginning year 13,802
- -
Allowance during the year Note 37 22,525
- -
Recoveries 5,457
- -
Write-off 25,441
- -
Balance at end of year 16,343
- -
Management believes that the allowance for possible losses on consumer financing receivables is adequate.
13. ACCEPTANCE RECEIVABLES
a. By Currency, Related Parties and Third Parties:
2009 2008
2007
Rupiah: Receivables from other banks
Third parties 121,364
8,783 118,195
Receivables from debtors Third parties
187,478 85,168
74,688 Total Rupiah
308,842 93,951
192,883 Foreign currencies:
Receivables from other banks Third parties
120,792 78,323
491,475 Receivables from debtors
Third parties 3,927,139
3,670,093 4,338,877
Total Foreign currencies 4,047,931
3,748,416 4,830,352
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
As at 31 December 2009, 2008 and 2007, there were no acceptance receivables with related party. b. By Maturity:
2009 2008
2007
Rupiah: Less than 1 month
165,954 89,063
104,358 1 - 3 months
124,895 411
81,246 3 - 6 months
17,993 4,477
7,279 Total Rupiah
308,842 93,951
192,883 Foreign currencies:
Less than 1 month 1,090,792
3,721,136 1,425,862
1 - 3 months 1,705,214
16,996 2,000,819
3 - 6 months 1,240,472
5,638 1,021,231
6 - 12 months 11,453
4,646 382,440
Total Foreign currencies 4,047,931
3,748,416 4,830,352
Total 4,356,773
3,842,367 5,023,235
Less: Allowance for possible losses 52,773
246,008 69,754
4,3 04,000 3,596,359
4,953,481
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
