PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2014 AND 2013
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5108 33. TAXATION continued
f. Tax assessment letters continued
Fiscal Year 2010 continued
Management disagree with the Tax Underpayment Assessment letter result and on 4 March 2013, Bank has submitted an objection letter to the tax office. The Bank has paid all the tax
underpayment which recorded as prepaid tax as at 31 December 2014 and 2013.
On December 2013, the Tax Office issued a decision letter to the Bank’s objection letters on VAT above and partially accepted the Bank’s objection, therefore the Tax office refunded a portion of
prepaid tax related to value added tax. The Bank disagreed with the above decision letter and has submitted an appeal for on the above decision letter to the Tax Court in March 2014. Until the date
of this consolidated financial statements, the tax court is still on progress.
On 21 February 2014, Tax Office issued a decision letter to the Bank’s objection letters on tax underpayment on corporate income tax and Tax office rejected the objection. The Bank has filed an
appeal against the objection decision letter to the Tax Court on 19 May 2014. Until the date of this consolidated financial statements, the tax court is still on progress.
34. EMPLOYEE BENEFIT LIABILITIES
2014 2013
Rupiah - Provision for post-employment benefit Note 50
2,234,193 1,965,656
- Provisions for bonuses, leave and holiday entitlements 2,946,967
2,619,413 5,181,160
4,585,069
The provision for post-employment benefit such as pension fund and other long term remuneration is according to Bank and Subsidiaries’ policy which had been calculated using actuarial calculation.
35. OTHER LIABILITIES
2014 2013
Rupiah: Liability to policyholders
3,144,685 1,955,475
Payable to customers 2,018,396
1,271,409 Non controlling interest from Subsidiary’s mutual fund consolidation
1,152,424 857,009
Liability related to ATM and credit card transaction 966,018
1,001,071 Guarantee deposits
737,225 744,712
Deferred income directly attributable 501,082
555,001 Deferred income not directly attributable
242,143 181,831
Customers transfer transaction 57,367
138,046 Payable from purchase of marketable securities
13,201 726
Others 4,320,549
4,624,750 Total Rupiah
13,153,090 11,330,030
Foreign currencies: Guarantee deposits
1,178,359 1,357,207
Customers transfer transaction 555,859
535,090 Deferred income not directly attributable
422,854 447,467
Other liabilities related to UPAS transactions 796,728
283,127 Deferred income directly attributable
1,936 5,813
Others 261,860
207,480 Total foreign currencies Note 61B.v
3,217,596 2,836,184
16,370,686 14,166,214
Liabilities to policyholders consists of Subsidiaries’ AXA Mandiri Financial Services and Mandiri AXA General Insurance and PT Asuransi Jiwa InHealth Indonesia liability for future policy benefits for non
unit-linked policyholders, claim payables, unearned premium income and estimated claim liabilities, amounting to Rp1,724,888, Rp93,824, Rp954,692 and Rp371,251 as at 31 December 2014 and
amounting to Rp1,368,306, Rp35,394, Rp399,103 and Rp152,672 as at 31 December 2013.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2014 AND 2013
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5109 35. OTHER LIABILITIES continued
Payable to customers mostly represent payable arising from marketable securities transactions done by PT Mandiri Sekuritas the Bank’s subsidiary.
Liability related to ATM and credit card transactions represents payable arising from ATM transactions via ATM Bersama, ATM Link and ATM Prima network and payable to Visa and MasterCard on credit
card transactions.
Non-controling interest from Subsidiary’s mutual funds consolidation represents the portion of non- controling arises from consolidation of mutual funds controlled by Subsidiary AXA Mandiri Financial
Services.
Guarantee deposits are cash guarantee deposited by the Bank’s customers for export and import transaction and bank guarantee issuance.
Deferred income directly attributable represents unamortised provisioncommissions income directly attributable to loans.
Deferred income not directly attributable represents unamortised provisioncommissions income not directly attributable to loans.
Payable from purchase of marketable securities represents the Bank’s liability related to purchase of marketable securities transactions that have been subsequently settled on 5 January 2015 and
3 January 2014, respectively for the year 2014 and 2013.
Other liabilities related to UPAS transactions represents liability to the paying bank in foreign currencies in relation to UPAS receivables from importer.
Others mostly consist of inter-office account, liabilities related to import transaction, suspense and unsettled transaction such as customer’s financial transaction.
36. FUND BORROWINGS
2014 2013
Rupiah: Related parties Note 55
a PT Permodalan Nasional Madani Persero -
2,369 g Others
202,609 775,945
202,609 778,314
Third parties b Ministry of Public Housing Kemenpera
137,570 109,021
c Direct Off-shore Loans 300,000
- f
Repo to Maturity 494,301
- g Others
3,221,252 3,241,145
4,153,123 3,350,166
Total Rupiah 4,355,732
4,128,480 Foreign currencies:
Related parties Note 55 e Trade Financing Facilities
49,540 -
Third parties c Direct Off-shore Loans
10,500,576 8,121,615
d Bilateral Loan 6,190,452
3,041,233 e Trade Financing Facilities
3,130,804 705,860
Total foreign currencies Note 61B.v 19,821,832
11,868,708 19,871,372
11,868,708 24,227,104
15,997,188