NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5105 32. TAXATION continued
e. Deferred tax assets - net
Deferred tax arises from temporary differences between book value based on commercial and tax calculation are as follows:
2012
Beginning balance
Credited charged to
consolidated statement of
comprehensive income
Charged to equity
Ending balance
Bank Mandiri Deferred tax assets:
Loans write-off until 2008 1,883,339
175,688 -
1,707,651 Allowance for impairment loan losses
609,577 240,950
- 850,527
Allowance for impairment losses on financial assets other than loans
304,215 7,845
- 296,370
Provision for post-employment benefit expense, provision for bonuses, leave and holiday THR entitlements
539,979 180,893
- 720,872
Allowance for estimated losses arising from legal cases 114,886
2,390 -
112,496 Estimated losses on commitments and contingencies
46,333 9,110
- 37,223
Allowance for possible losses on abandoned properties 33,940
- -
33,940 Allowance for possible losses on repossessed assets
2,292 298
- 1,994
Accumulated losses arising from difference in net realisable value of abandoned properties
2,069 -
- 2,069
Accumulated losses arising from difference in net realisable value of repossessed assets
1,973 4
- 1,969
Unrealised losses on increasedecrease in fair value of marketable securities and
Government Bonds available for sale 131,084
- 29,926
101,158 Deferred tax assets
3,669,687 226,508
29,926 3,866,269
Deferred tax liabilities: Unrealised gain on BOT transactions
- 54,590
- 54,590
Unrealised gainlosses on increasedecrease in fair value of marketable securities and
Government Bonds fair value through profit or loss 2,520
1,418 -
1,102 Net book value of fixed assets
18,540 14,926
- 33,466
Deferred tax assets - Bank Mandiri only 3,648,627
158,410 29,926
3,777,111
Net deferred tax assets - Subsidiaries 151,785
189,502 Total consolidated deferred tax assets - net
3,800,412 3,966,613
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5106 32. TAXATION continued
e. Deferred tax assets - net continued
2011
Beginning balance
Credited charged to
consolidated statement of
comprehensive income
Charged to equity
Realisation of provision
for decrease in value
Ending balance
Bank Mandiri Deferred tax assets:
Loans write-off until 2008 2,536,635
145,969 -
507,327 1,883,339
Allowance for impairment loan losses 1,061,120
239,319 -
212,224 609,577
Allowance for impairment losses on financial assets other than loans
672,978 234,167
- 134,596
304,215 Provision for post-employment benefit expense, provision
for bonuses, leave and holiday THR entitlements 626,272
38,961 -
125,254 539,979
Allowance for estimated losses arising from legal cases 143,670
50 -
28,734 114,886
Allowance for possible losses on other assets 40,365
32,292 -
8,073 -
Estimated losses on commitments and contingencies 92,016
27,280 -
18,403 46,333
Allowance for possible losses on abandoned properties 43,937
1,210 -
8,787 33,940
Allowance for possible losses on repossessed assets 29,977
21,690 -
5,995 2,292
Accumulated losses arising from difference in net realisable value of abandoned properties
2,587 -
- 518
2,069 Accumulated losses arising from difference in
net realisable value of repossessed assets 2,532
53 -
506 1,973
Unrealised losses on increasedecrease in fair value of marketable securities and
Government Bonds available for sale 126,624
- 29,786
25,326 131,084
Deferred tax assets 5,378,713
663,069 29,786
1,075,743 3,669,687
Deferred tax liabilities: Unrealised gainlosses on increasedecrease in
fair value of marketable securities and Government Bonds fair value through profit or loss
27,235 19,268
- 5,447
2,520 Net book value of fixed assets
23,450 220
- 4,690
18,540
Deferred tax assets - Bank Mandiri only 5,328,028
643,581 29,786
1,065,606 3,648,627
Provision for decrease in deferred tax assets 1,065,606
-
Net deferred tax assets - Bank Mandiri only 4,262,422
3,648,627
Net deferred tax assets - Subsidiaries 138,666
151,785 Total consolidated deferred tax assets - net
4,401,088 3,800,412
Deferred tax assets are calculated using applicable tax rate or substantially enacted tax rate at consolidated statement of financial position dates.
Management believes that it is possible that future taxable income will be available against the temporary difference, which results in deferred tax assets, can be utilised.
f. Tax assessment letter
On 6 December 2012, the Bank received Tax Assessment Letters SKPKB which stated underpayments of income tax and Value Added Tax VAT and Tax Collection Letter penalties
STP for fiscal year 2010 amounting to Rp1,108,071.
The management does not agree with the above SKPKB and will submit objection letters for the above SKPKB to the Tax Office.
