Subsidiaries and Associates continued PT Mandiri AXA General Insurance continued
a. Basis of Preparation of the Consolidated Financial Statements continued
All figures in the consolidated financial statements, are rounded and presented in million rupiah Rp unless otherwise stated.b. Changes in accounting policies
On 1 January 2012, the Group applied new and revised statements of financial accounting standards SFAS and interpretations ISAK effective starting on that date. Changes to the Group’s accounting policies, in accordance with the transitional provisions in the respective standards and interpretations. The adaption of the following new or revised standards and interpretations, which are relevant to the Groups operations and resulted in an effect on the consolidated financial statements, are as follows: b.i. SFAS 60 - Financial Instruments: Disclosures The new standard consolidated and expands a number of existing disclosure requirements and adds some new disclosures. The over riding principle of the standard is to disclose sufficient information that enables users of financial statements evaluating the performance and financial position of significant financial instruments owned by an entity. SFAS 60 requires more extensive disclosures on risks and risk management, and requires reporting entities to report the sensitivity of its financial instruments to movement of such risks. Some additional new disclosures are as follows: 1 Qualitative and quantitative disclosure on the impact of certain risks, including market risk, credit risk and liquidity risk; 2 Additional disclosure for those items that affect the amount of comprehensive income, in which gains and losses are separated by category of financial instruments, and 3 Disclosure of fair value for each class of financial assets and financial liabilities, and disclosure of the fair value hierarchy of financial instruments measured at fair value at the reporting date. The Group has incorporated disclosures requirements of SFAS No. 60 for the consolidated financial statements as at and for the year ended 31 December 2012. The Group has decided to early adopt improvements on SFAS 60 refer to Note 65. b.ii. SFAS 62 - Insurance Contract Several revisions which have impact to the Subsidiary are as follows: a. The Subsidiary is required to comply with the requirement on unbundling deposit component from insurance component subject to the following: - Unbundling is required if both the following conditions are met i the Subsidiary can measure the deposit component including any embedded surrender options separately i.e. without considering the insurance component and ii the Subsidiary’s accounting policies do not otherwise require it to recognise all obligations and rights arising from the deposit component; - Unbundling is permitted, but not required, if the Subsidiary can measure the deposit component separately but its accounting policies require it to recognise all obligations and rights arising from the deposit component, regardless of the basis used to measure those rights and obligations; and - Unbundling is prohibited if the Subsidiary cannot measure the deposit component separately.Parts
» Mandiri - Investor Relations - Audited Financials
» Establishment Mandiri - Investor Relations - Audited Financials
» Merger Mandiri - Investor Relations - Audited Financials
» Merger continued Mandiri - Investor Relations - Audited Financials
» Recapitalisation Mandiri - Investor Relations - Audited Financials
» Recapitalisation continued Mandiri - Investor Relations - Audited Financials
» Quasi-Reorganisation Mandiri - Investor Relations - Audited Financials
» Divestment of Government Share Ownership Subsidiaries Associates
» Subsidiaries and Associates continued
» Subsidiaries and Associates continued PT Bumi Daya Plaza
» Subsidiaries and Associates continued PT Bank Sinar Harapan Bali continued
» Subsidiaries and Associates continued PT Mandiri Tunas Finance continued
» Subsidiaries and Associates continued PT AXA Mandiri Financial Services continued
» Subsidiaries and Associates continued PT Mandiri AXA General Insurance continued
» Structure and Management Mandiri - Investor Relations - Audited Financials
» Structure and Management continued
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» Basis of Preparation of the Consolidated Financial Statements
» Basis of Preparation of the Consolidated Financial Statements continued
» Changes in accounting policies
» Changes in accounting policies continued
» Financial instruments A. Financial assets
» Financial instruments continued A. Financial assets continued
» Financial instruments continued C. Derecognition
» Financial instruments continued E. Classes of financial instrument
» Financial instruments continued E. Classes of financial instrument continued
» Financial instruments continued G. Allowance for impairment losses of financial assets
» Financial instruments continued G. Allowance for impairment losses of financial assets continued
» Principles of Consolidation Mandiri - Investor Relations - Audited Financials
» Principles of Consolidation continued
» Foreign Currency Transactions and Balances
» Transactions with Related Parties
» Current Accounts with Bank Indonesia and Other Banks
» Current Accounts with Bank Indonesia and Other Banks continued
» Placements with Bank Indonesia and Other Banks
» Marketable Securities Mandiri - Investor Relations - Audited Financials
» Marketable Securities continued Mandiri - Investor Relations - Audited Financials
» Government Bonds Mandiri - Investor Relations - Audited Financials
» Other Receivables - Trade Transactions
» Securities PurchasedSold under ResaleRepurchase Agreements
» Derivative Receivables and Derivative Payables
» Loans Mandiri - Investor Relations - Audited Financials
» Loans continued Mandiri - Investor Relations - Audited Financials
» Consumer Financing Receivables Mandiri - Investor Relations - Audited Financials
» Net Investment in Finance Lease
» Fixed Assets and Leased Assets
» Fixed Assets and Leased Assets continued
» Investments in Shares Mandiri - Investor Relations - Audited Financials
» Allowance for Possible Losses on Non-Earning Assets
» Acceptance Receivables and Payables
» Other Assets Mandiri - Investor Relations - Audited Financials
» Obligation due Immediately Mandiri - Investor Relations - Audited Financials
» Deposits from Customers Mandiri - Investor Relations - Audited Financials
» Deposits from Customers continued
» Insurance Contract Mandiri - Investor Relations - Audited Financials
» Insurance Contract continued Mandiri - Investor Relations - Audited Financials
» USE OF CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
» GOVERNMENT BONDS Insurance liabilities on insurance contracts and Liability Adequacy Test LAT
» DERIVATIVE RECEIVABLES AND PAYABLES
» NET INVESTMENT IN LEASE FINANCING
» INVESTMENTS IN SHARES Insurance liabilities on insurance contracts and Liability Adequacy Test LAT
» POLICYHOLDERS’ INVESTMENT AND LIABILITY TO UNIT-LINKED HOLDERS
» PREPAID EXPENSES Insurance liabilities on insurance contracts and Liability Adequacy Test LAT
» OTHER ASSETS Insurance liabilities on insurance contracts and Liability Adequacy Test LAT
» DEPOSITS FROM CUSTOMERS - DEMAND DEPOSITS
» DEPOSITS FROM CUSTOMERS - SAVING DEPOSITS
» DEPOSITS FROM OTHER BANKS - DEMAND AND SAVING DEPOSITS
» DEPOSITS FROM OTHER BANKS - TIME DEPOSITS
» ACCEPTANCE PAYABLES Insurance liabilities on insurance contracts and Liability Adequacy Test LAT
» ACCRUED EXPENSES Insurance liabilities on insurance contracts and Liability Adequacy Test LAT
» Employee benefit Tax Payables
» Tax BenefitExpense Mandiri - Investor Relations - Audited Financials
» Tax Expense - Current continued
» Deferred tax assets - net continued
» OTHER LIABILITIES Tax assessment letter
» SUBORDINATED LOANS Tax assessment letter
» NON CONTROLLING INTEREST IN NET ASSETS OF CONSOLIDATED SUBSIDIARIES
» Authorised, Issued and Fully Paid-in Capital
» Authorised, Issued and Fully Paid-in Capital continued
» Additional Paid-In CapitalAgio Mandiri - Investor Relations - Audited Financials
» Additional Paid-In CapitalAgio continued
» INTEREST INCOME AND SHARIA INCOME
» INTEREST EXPENSE AND SHARIA EXPENSE
» ALLOWANCE FOR IMPAIRMENT LOSSES
» ALLOWANCEREVERSAL FOR POSSIBLE LOSSES
» UNREALISED GAINSLOSSES Distribution of Net Income
» SALARIES AND EMPLOYEE BENEFITS
» EMPLOYEE BENEFITS Distribution of Net Income
» OTHER OPERATING EXPENSES - OTHERS - NET
» RELATED PARTY TRANSACTIONS Distribution of Net Income
» CUSTODIAL SERVICES AND TRUST OPERATIONS
» Liabilities Integrated Banking System Agreement with Vendor
» Legal Matters Mandiri - Investor Relations - Audited Financials
» Value Added Tax VAT on Bank Syariah Mandiri BSM Murabahah Transactions
» Value Added Tax VAT on Bank Syariah Mandiri BSM Murabahah Transactions continued
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