PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
70
15. INVESTMENTS IN SHARES OF STOCK continued
b. By Collectibility:
June 30, 2004 June 30, 2003
April 30, 2003
Current 12,728
78,642 129,042 Loss
89,364 31,577
20,862 Total
102,092 110,219
149,904 Less: Allowance for possible losses
96,233 32,454
27,633 5,859
77,765 122,271
c. Movements of allowance for possible losses on investments in shares of stocks:
Six-month Six-month Two-month
Four-month Period
ended Period ended Period ended Period
ended June 30, 2004
June 30, 2003 June 30, 2003
April 30, 2003
Balance at beginning of period 89,693
62,807 27,633
62,807 Provision during the period
6,540 30,336
4,861 35,197
Others -
17 40
23
Balance at end of period 96,233 32,454
32,454 27,633
The minimum allowance for possible losses on investments in shares of stock, under the guidelines prescribed by Bank Indonesia, as of June 30, 2004, 2003 and April 30, 2003 were Rp96,233,
Rp32,454 and Rp27,633, respectively.
Management believes that the allowance for possible losses on investments in shares of stock is adequate.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
71
16. PREMISES AND EQUIPMENT
June 30, 2004 June 30, 2003
April 30, 2003
Costrevaluation 7,445,700
6,981,147 3,685,787
Less: Accumulated depreciation and amortization 2,093,801
1,684,275 1,642,699
Net book value 5,351,899
5,296,872 2,043,088
Movements from Jan 1, 2004 Beginning
Ending to June 30, 2004
Balance Addition
Deduction Reclassification
Balance Cost or valuation
Direct ownership
Land 2,903,770
19,418 4,693
- 2,918,495
Buildings 1,391,505
5,853 2,529
7,737 1,402,566
Furniture, fixtures,
office equipment and computerssoftware
2,484,614 73,759
2,843 306,502
2,862,032 Vehicles
47,446 7,579
201 -
54,824 Construction in progress
380,759 103,713
- 314,239
170,233 Leased
assets 37,550
- -
- 37,550
Total cost ot revaluation 7,245,644
210,322 10,266
- 7,445,700
Accumulated Depreciation And Amortization
Direct ownership
Buildings 599,243
50,579 2,499
- 647,323
Furniture, fixtures,
office equipment and computerssoftware
1,226,794 180,610
2,684 -
1,404,720 Vehicles
25,222 2,930
162 -
27,990 Leased
assets 10,013
3,755 -
- 13,768
Total Accumulated Depreciation and Amortization
1,861,272 237,874
5,345 -
2,093,801 Net
book value
Direct ownership
Land 2,918,495
Buildings 755,243
Furniture, fixtures, office equipment and computersoftware 1,457,312
Vehicles 26,834
5,157,884 Construction in progress
170,233 Leased
assets 23,782
5,351,899
Certain premises and equipment were revalued in 1979, 1987 and 2003. The amount includes 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 prices as of July 30, 1999. The increment was recorded prospectively on June 18, 2003 Note 16a.
Construction in progress as of June 30, 2004 is comprised of: Product and license - Core Banking System
126,673 Buidlings
22,420 Others
21,140 170,233
The construction in progress was approximately 89.5 completed as of June 30, 2004.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
72
16. PREMISES AND EQUIPMENT continued
