INVESTMENTS IN SHARES Fund Borrowings
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 567 15. FIXED ASSETS continued
Construction in progress as at 31 December 2009 was comprised of:
Balance
Computers and other hardware that have not been installed 161,017
Product and license – Integrated Banking System 106,049
Office equipment and inventory 102,105
Buildings 49,287
Others 4,020
422,478
The estimated percentage of completion of construction in progress as at 31 December 2009 for Integrated Banking System agreement was ranging between 97.22 - 98.98.
Included in the addition of fixed assets during 2009 is a building which was transferred by the Subsidiary PT Usaha Gedung BDN or UG BDN in accordance with the Joint Operation agreement
KSO, which states that at the end of KSO agreement, UG BDN will transfer the building to Bank Mandiri. Bank Mandiri recorded the building at fair value of Rp131,640 Note 45 and depreciate it for
20 years.
Movements from 1 January 2008 Beginning
Ending to 31 December 2008
Balance Additions
Deductions Reclassifications
Balance
CostRevalued Amount Direct ownership
Land 2,710,520
20,817 -
29,794 2,761,131
Buildings 1,607,835
14,477 45,577
60,730 1,637,465
Furnitures, fixtures, office equipment and computer
equipmentsoftware 3,956,361
136,129 35,697
110,492 4,167,285
Vehicles 77,025
4,407 2,363
- 79,069
Construction in progress 150,903
434,410 -
168,623 416,690
Leased assets -
3,267 -
- 3,267
8,502,644 613,507
83,637 32,393
9,064,907 Accumulated Depreciation
and Amortisation Note 42 Direct ownership
Buildings 887,272
83,297 45,295
42 925,316
Furnitures, fixtures, office equipment and computer
equipmentsoftware 3,035,079
478,530 35,300
- 3,478,309
Vehicles 48,716
10,625 2,272
- 57,069
Leased assets -
653 -
- 653
3,971,067 573,105
82,867 42
4,461,347 Net book value
Direct ownership Land
2,761,13 1 Buildings
712,149 Furniture, fixtures, office equipment and computer equipmentsoftware
688,976 Vehicles
22,000 4,184,256
Construction in progress 416,690
Leased assets 2,614
4,603,560
The fixed assets were revalued in 1979, 1987 and 2 003. The amount includes an increment in value of fixed assets based on revaluation of fixed assets of the merged banks performed by an Independent Appraiser, PT Vigers Hagai Sejahtera,
using market values as at 31 July 1999. The revaluation increment was recorded prospectively on 18 June 2003 Note 15a. Reclassified to abandoned property and construction in progress.
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 568 15. FIXED ASSETS continued
Construction in progress as at 31 December 2008 was comprised of:
Balance
Computers and other hardware that has not been installed 297,136
Product and license – Integrated Banking System 78,567
Office equipment and inventory 24,175
Buildings 10,864
Others 5,948
416,690
The estimated percentage of completion of construction in progress as at 31 December 2008 for Integrated Banking System agreement was ranging between 74.95 - 96.24.
Certain fixed assets of Bank Syariah Mandiri, a Subsidiary, with net book value of Rp23,576 as at 30 November 2008 are no longer pledged to Bank Indonesia in accordance with the approval from
Bank Indonesia on the settlement of subordinated loans with Bank Indonesia amounting to Rp32,000 Note 30.
Movements from 1 January 2007 Beginning
Ending to 31 December 2007
Balance Additions
Deductions Reclassifications
Balance
CostRevalued Amount Direct ownership
Land 2,604,103
- 628
107,045 2,710,520
Buildings 1,540,552
14,926 3,572
55,929 1,607,835
Furnitures, fixtures, office equipment and computer
equipmentsoftware 3,717,510
107,876 3,037
134,012 3,956,361
Vehicles 73,178
6,957 2,548
562 77,025
Construction in progress 166,570
168,608 3,722
180,553 150,903
8,101,913 298,367
13,507 115,871
8,502,644 Accumulated Depreciation
and Amortisation Note 42 Direct ownership
Buildings 800,243
86,341 3,381
4,069 887,272
Furnitures, fixtures, office equipment and computer
equipmentsoftware 2,550,474
487,802 3,197
- 3,035,079
Vehicles 41,953
9,734 2,971
- 48,716
3,392,670 583,877
9,549 4,069
3,971,067 Net book value
Direct ownership Land
2,710,520 Buildings
720,563 Furniture, fixtures, office equipment and computer equipmentsoftware
921,282 Vehicles
28,309 4,380,674
Construction in progress 150,903
4,531,577
The fixed assets were revalued in 1979, 1987 and 2003. The amount includes an increment in value of fixed assets based on revaluation of fixed assets of the merged banks performed by an Independent Appraise r, PT Vigers Hagai Sejahtera,
using market values as at 31 July 1999. The revaluation increment was recorded prospectively on 18 June 2003 Note 15a. Reclassified to abandoned property and construction in progress.
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 569 15. FIXED ASSETS continued