PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
136
33. TAXATION continued d. Tax expense - current continued
Based on Certificate No. DEI2016-0117 dated January 5, 2016 regarding Monthly Stock Ownerships of Publicly Listed Companies Report and the Recapitulation form No X.H. 1-2 dated
Desember 31, 2015 from PT Datindo Entrycom Securities Administration Agency to Bank Mandiri, it was stated that the Bank has fullfilled the requirements to obtain the income tax rate
reduction to become 20 based on GR No. 77 Year 2013 and GR No. 56 Year 2015. In accordance with Minister of Finance Regulation No. 238PMK.032008, OJK previously “Bapepam
- LK” will then later submit the information regarding the fulfillment by the Bank to the Tax office. Therefore the Bank’s corporate income tax for the year ended December 31, 2015 are calculated
using the tax rate of 20.
e. Deferred tax assets - net
Deferred tax arises from temporary differences between book value based on commercial and tax calculation are as follows:
December 31, 2015
Beginning balance
Credited charged to
consolidated statement of
profit or loss and other
comprehensive income
Charged to equity
Ending balance
Bank Mandiri Deferred tax assets:
Loans write-off until 2008 1,331,538
82,825 -
1,248,713 Provision for post-employment benefit expense, provision
for bonuses, leave and holiday THR entitlements 963,865
163,217 58,110
1,068,972 Allowance for impairment loan losses
869,007 242,700
- 1,111,707
Allowance for impairment losses on financial assets other than loans
410,180 16,632
- 426,812
Unrealised losses on decrease in fair value of marketable securities and
government bonds available for sale 139,816
- 235,953
375,769 Allowance for estimated losses arising from legal cases
100,936 6,710
- 107,646
Estimated losses on commitments and contingencies 39,030
35,116 -
74,146 Allowance for possible losses on abandoned properties
29,819 -
- 29,819
Allowance for possible losses on repossessed assets 1,994
- -
1,994 Accumulated losses arising from difference in
net realisable value of repossessed assets 1,969
- -
1,969 Unrealised losses on decrease in
fair value of marketable securities and government bonds - fair value through profit or loss
1,501 3,156
- 4,657
Accumulated losses arising from difference in net realisable value of abandoned properties
189 -
- 189
Deferred tax assets 3,889,844
384,706 177,843
4,452,393 Deferred tax liabilities:
Unrealised gain on BOT transactions 20,268
1,560 -
21,828 Net book value of fixed assets
66,252 45,632
- 111,884
Deferred tax assets - Bank Mandiri only 3,803,324
337,514 177,843
4,318,681
Net deferred tax assets - Subsidiaries 385,796
515,841
Total consolidated deferred tax assets - net 4,189,120
4,834,522
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
137
33. TAXATION continued e. Deferred tax assets - net continued
December 31, 2014
Beginning balance
Credited charged to
consolidated statement of
profit or loss and other
comprehensive income
Charged to equity
Ending balance
Bank Mandiri Deferred tax assets:
Loans write-off until 2008 1,486,003
154,465 -
1,331,538 Provision for post-employment benefit expense, provision
for bonuses, leave and holiday THR entitlements 864,471
99,394 -
963,865 Allowance for impairment loan losses
919,733 50,726
- 869,007
Allowance for impairment losses on financial assets other than loans
379,792 30,388
- 410,180
Unrealised losses on decrease in fair value of marketable securities and
government bonds available for sale 347,528
- 207,712
139,816 Allowance for estimated losses arising from legal cases
125,778 24,842
- 100,936
Estimated losses on commitments and contingencies 39,562
532 -
39,030 Allowance for possible losses on abandoned properties
30,029 210
- 29,819
Allowance for possible losses on repossessed assets 1,994
- -
1,994 Accumulated losses arising from difference in
net realisable value of repossessed assets 1,969
- -
1,969 Unrealised losses on decrease in
fair value of marketable securities and government bonds fair value through profit or loss
108 1,393
- 1,501
Accumulated losses arising from difference in net realisable value of abandoned properties
189 -
- 189
Deferred tax assets 4,197,156
99,600 207,712
3,889,844 Deferred tax liabilities:
Unrealised gain on BOT transactions 57,709
37,441 -
20,268 Net book value of fixed assets
45,681 20,571
- 66,252
Deferred tax assets - Bank Mandiri only 4,093,766
82,730 207,712
3,803,324
Net deferred tax assets - Subsidiaries 228,732
385,796 Total consolidated deferred tax assets - net
4,322,498 4,189,120
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 on fixed assets revaluation
Bank through letter No. FST10422015 dated December 8, 2015 has filed to the tax office, an application of fixed assets revaluation for tax purposes were filed in 2015 by taxpayers who have not
been revalued fixed assets. Based on the Regulation of the Minister of Finance No. 191PMK.0102015 dated October 15, 2015
the application filed until the date of December 31, 2015, will receive special treatment in the form of final income tax of 3. In this regard, the Bank has estimated the fair value of fixed assets such as
land and later on increase in fair value compared to the book value of existing fixed assets, the Bank has made tax payments amounting to Rp693,277 on December 11, 2015, although it has not been
approved from the Tax Office. The tax payments are recorded as prepaid taxes as of December 31, 2015.
