Tax expense - Deferred
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2011 AND 2010
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5115 30. OTHER LIABILITIES
2011 2010
Rupiah: Accrued employee bonus and incentives, leave and yearly allowance THR
1,414,811 1,331,555
Provision for post employment benefits Note 45 1,404,375
1,178,427 Acrrued expenses operational and IT
1,322,131 1,191,762
Guarantee deposits 715,208
610,024 Liability to policyholders
695,113 370,400
Payable from purchase of marketable securities 682,240
2,165 Payable to customer
615,996 698,436
Liability related to ATM and credit card transaction 600,894
543,007 Allowance for estimated losses arising from legal cases Note 58b
565,256 555,525
Deferred income 117,211
103,024 Provision for employees’ service – service free period Note 45
10,352 56,273
Others 4,558,808
1,629,496 Total Rupiah
12,702,395 8,270,094
Foreign currencies: Guarantee deposits
969,853 809,335
Acrrued expenses operational and IT 344,491
168,330 Deferred income
184,514 85,872
Allowance for estimated losses arising from legal cases Note 58b 9,367
19,403 Accrued employee bonus and incentives, leave and
yearly allowance THR 381
2,076 Obligation under capital lease
- 74
Others 1,167,186
983,770 Total foreign currencies
2,675,792 2,068,860
15,378,187 10,338,954
Accrued expenses consists of liability to vendors which includes the Bank’s IT-related operational activities.
Guarantee deposits are cash guarantee deposited by the Bank’s customers for export and import transaction and bank guarantee issuance.
Liabilities to policyholders consists of Subsidiary’s liability for non unit-linked policy holders, debt claims, deferred premium income and claim liability, amounting Rp511,321, Rp25,067, Rp118,476
and Rp40,249 as at 31 December 2011 and amounting to Rp248,588, Rp21,330, Rp84,706 and Rp15,776 as at 31 December 2010, respectively.
Payable from purchase of marketable securities represents the Bank’s liability relating to purchase of marketable securities transactions that have been subsequently settled on 4 January 2012.
Payable to customer are mostly represent payable arising from marketable securities transaction by PT Mandiri Sekuritas the Bank’s subsidiary.
Liability related to ATM and credit card transaction represents payable arising from ATM transactions within ATM Bersama network and payable to Visa and MasterCard on credit card transactions.
Deferred income represents unamortised provisioncommissions not directly attributable to loans. Others mostly consist of inter-office account, liabilities related to import transaction, and suspense
such as settlement of customer’s financial transaction such as money transfer.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2011 AND 2010
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5116 30. OTHER LIABILITIES continued
Movements of allowance for estimated losses arising from legal cases for the years ended 31 December 2011 and 2010 are as follows:
2011 2010
Balance at beginning of year 574,928
514,366 Allowance during the year Note 40
14,57 6 61,381
Reversal during the year 14,939
- Others
58 819
Balance at end of year 574,623
574,928
Includes effect of foreign currency translation.
Management believes that the allowance for estimated losses arising from legal cases is adequate.