Value Added Tax VAT on Bank Sharia Mandiri Murabahah Transactions
60. NEW ACCOUNTING STANDARDS
Financial Accounting Standard Board of Indonesian Institute of Accountants DSAK-IAI has withdrawn the following accounting standards which will be effective as at 1 January 2010: - PPSAK 2: Withdrawal of SFAS 41 – Accounting for Warrants and SFAS 43 – Accounting for Factoring, - PPSAK 3: Withdrawal of SFAS 54 – Accounting for Troubled Debt Restructuring, - PPSAK 4: Withdrawal of SFAS 31 revised 2000 – Accounting for Banking, SFAS 42 – Accounting for Securities Companies and SFAS 49 – Accounting for Mutual Funds, - PPSAK 5: Withdrawal of ISAK 06 – Interpretation of paragraph 12 and 16 SFAS No. 55 1999 regarding Embedded Derivative Instruments in Foreign Currency Contracts. DSAK-IAI has issued revision of the followings accounting standards which are applicable for financial statements covering periods beginning on or after 1 January 2010: - SFAS 26 revised 2008 - Borrowing cost There is no impact for the implementation of the above revised standard on the Bank’s financial statement. - SFAS 50 revised 2006 - Financial Instruments: Presentation and Disclosures effective for financial reporting periods beginning on or after 1 January 2009. - SFAS 55 revised 2006 - Financial Instruments: Recognition and Measurement effective for financial reporting periods beginning on or after 1 January 2009. On 30 December 2008, DSAK-IAI has announced the postponement of the application of SFAS 50 revised 2006 and SFAS 55 revised 2006 for a year by mail No. 1705DSAKIAI12-2008, therefore SFAS 50 revised 2006 and SFAS 55 revised 2006 will apply to financial reporting periods beginning on or after 1 January 2010. In July 2009, DSAK-IAI also has issued a Technical Bulletin No. 4 of the Early Implementation of the Transitional Provisions SFAS 50 revised 2006 and SFAS 55 revised 2006.Parts
» Mandiri - Investor Relations - Audited Financials 2009 12English
» Merger Mandiri - Investor Relations - Audited Financials 2009 12English
» Recapitalisation Mandiri - Investor Relations - Audited Financials 2009 12English
» Quasi-Reorganisation Mandiri - Investor Relations - Audited Financials 2009 12English
» Divestment of Government Share Ownership
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» Basis of Preparation of the Consolidated Financial Statements
» Principles of Consolidation Mandiri - Investor Relations - Audited Financials 2009 12English
» Foreign Currency Transactions and Balances
» Transactions with Related Parties
» Placements with Bank Indonesia and Other Banks
» Marketable Securities Mandiri - Investor Relations - Audited Financials 2009 12English
» Government Bonds Mandiri - Investor Relations - Audited Financials 2009 12English
» Securities PurchasedSold under ResaleRepurchase Agreements
» Derivative Receivables and Derivative Payables
» Joint Financing Mandiri - Investor Relations - Audited Financials 2009 12English
» Acceptance Receivables and Payables
» Investments in Shares Mandiri - Investor Relations - Audited Financials 2009 12English
» Allowance for Possible Losses on Earning and Non-Earning Assets
» Fixed Assets and Leased Assets
» Other Assets Mandiri - Investor Relations - Audited Financials 2009 12English
» Obligation due Immediately Mandiri - Investor Relations - Audited Financials 2009 12English
» Marketable Securities Issued Mandiri - Investor Relations - Audited Financials 2009 12English
» CURRENT ACCOUNTS WITH OTHER BANKS
» MARKETABLE SECURITIES Fund Borrowings
» GOVERNMENT BONDS Fund Borrowings
» SECURITIES PURCHASED UNDER RESALE AGREEMENTS
» ACCEPTANCE RECEIVABLES Fund Borrowings
» INVESTMENTS IN SHARES Fund Borrowings
» FIXED ASSETS Fund Borrowings
» DEPOSITS FROM CUSTOMERS - SAVING DEPOSITS
» DEPOSITS FROM CUSTOMERS - TIME DEPOSITS
» DEPOSITS FROM OTHER BANKS - TIME DEPOSITS
» SECURITIES SOLD UNDER REPURCHASE AGREEMENTS
» ACCEPTANCE PAYABLES Fund Borrowings
» MARKETABLE SECURITIES ISSUED Fund Borrowings
» Tax expense Mandiri - Investor Relations - Audited Financials 2009 12English
» Tax expense - Current year continued
» OTHER LIABILITIES Deferred tax assets
» SUBORDINATED LOANS Deferred tax assets
» SHARE CAPITAL a. Deferred tax assets
» Authorised, Issued and Fully Paid-in Capital continued
» Additional Paid-In CapitalAgio Mandiri - Investor Relations - Audited Financials 2009 12English
» Additional Paid-In CapitalAgio continued
» Fixed Assets Revaluation Reserve
» INTEREST INCOME Difference in Transactions of Equity Changes in Subsidiaries
» INTEREST EXPENSE Difference in Transactions of Equity Changes in Subsidiaries
» ALLOWANCE FOR POSSIBLE LOSSES ON EARNING ASSETS
» ALLOWANCEREVERSAL FOR POSSIBLE LOSSES - OTHERS
» GAINSLOSSES FROM SALE OF MARKETABLE SECURITIES AND GOVERNMENT BONDS
» GENERAL AND ADMINISTRATIVE EXPENSES PENSION AND SEVERANCE
» OTHER OPERATING EXPENSES - OTHERS - NET
» COMMITMENTS AND CONTINGENCIES Difference in Transactions of Equity Changes in Subsidiaries
» Normal Banking Activities Mandiri - Investor Relations - Audited Financials 2009 12English
» Normal Banking Activities continued
» CAPITAL ADEQUACY RATIO Other Significant Transactions
» CUSTODIAL AND TRUST OPERATIONS
» CHANNELING LOANS Other Significant Transactions
» RISK MANAGEMENT Other Significant Transactions
» Liquidity Risk Management Mandiri - Investor Relations - Audited Financials 2009 12English
» Liquidity Risk Management continued
» Interest Rate Risk Management
» Interest Rate Risk Management continued
» Pricing Management Mandiri - Investor Relations - Audited Financials 2009 12English
» Market Risk Management Mandiri - Investor Relations - Audited Financials 2009 12English
» Market Risk Management continued
» Foreign Exchange Risk Management
» Operational Risk Mitigation Mandiri - Investor Relations - Audited Financials 2009 12English
» SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES a.
» Development Agreement with the Operational Risk Management ABN AMRO Bank N.V.
» Legal Matters Mandiri - Investor Relations - Audited Financials 2009 12English
» Value Added Tax VAT on Bank Sharia Mandiri Murabahah Transactions
» Long Term Fund Borrowing from the Asian Development Bank ADB
» Trade Financing with Asian Development Bank ADB
» ECONOMIC CONDITIONS Purchase of Shares Agreement of AXA Mandiri Financial Services
» GOVERNMENT GUARANTEE FOR THE OBLIGATIONS OF LOCALLY INCORPORATED BANKS
» NEW ACCOUNTING STANDARDS Purchase of Shares Agreement of AXA Mandiri Financial Services
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