NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5106 32. TAXATION continued
e. Deferred tax assets - net continued
2011
Beginning balance
Credited charged to
consolidated statement of
comprehensive income
Charged to equity
Realisation of provision
for decrease in value
Ending balance
Bank Mandiri Deferred tax assets:
Loans write-off until 2008 2,536,635
145,969 -
507,327 1,883,339
Allowance for impairment loan losses 1,061,120
239,319 -
212,224 609,577
Allowance for impairment losses on financial assets other than loans
672,978 234,167
- 134,596
304,215 Provision for post-employment benefit expense, provision
for bonuses, leave and holiday THR entitlements 626,272
38,961 -
125,254 539,979
Allowance for estimated losses arising from legal cases 143,670
50 -
28,734 114,886
Allowance for possible losses on other assets 40,365
32,292 -
8,073 -
Estimated losses on commitments and contingencies 92,016
27,280 -
18,403 46,333
Allowance for possible losses on abandoned properties 43,937
1,210 -
8,787 33,940
Allowance for possible losses on repossessed assets 29,977
21,690 -
5,995 2,292
Accumulated losses arising from difference in net realisable value of abandoned properties
2,587 -
- 518
2,069 Accumulated losses arising from difference in
net realisable value of repossessed assets 2,532
53 -
506 1,973
Unrealised losses on increasedecrease in fair value of marketable securities and
Government Bonds available for sale 126,624
- 29,786
25,326 131,084
Deferred tax assets 5,378,713
663,069 29,786
1,075,743 3,669,687
Deferred tax liabilities: Unrealised gainlosses on increasedecrease in
fair value of marketable securities and Government Bonds fair value through profit or loss
27,235 19,268
- 5,447
2,520 Net book value of fixed assets
23,450 220
- 4,690
18,540
Deferred tax assets - Bank Mandiri only 5,328,028
643,581 29,786
1,065,606 3,648,627
Provision for decrease in deferred tax assets 1,065,606
-
Net deferred tax assets - Bank Mandiri only 4,262,422
3,648,627
Net deferred tax assets - Subsidiaries 138,666
151,785 Total consolidated deferred tax assets - net
4,401,088 3,800,412
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 assessment letter
On 6 December 2012, the Bank received Tax Assessment Letters SKPKB which stated underpayments of income tax and Value Added Tax VAT and Tax Collection Letter penalties
STP for fiscal year 2010 amounting to Rp1,108,071.
The management does not agree with the above SKPKB and will submit objection letters for the above SKPKB to the Tax Office.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5107 33. EMPLOYEE BENEFIT LIABILITIES
2012 2011
Rupiah -
Provision for post-employment benefit Note 49 1,635,427
1,404,375 -
Provisions for bonuses, leave and holiday entitlements 2,177,891
1,414,811 -
Provision for employees’ service free period -
10,352 Foreign currencies:
- Provisions for bonuses, leave and holiday entitlements
- 381
3,813,318 2,829,919
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 with actuary calculation.
34. OTHER LIABILITIES
2012 2011
Rupiah: Liability to policy holders
1,302,356 695,113
Liability related to ATM and credit card transaction 1,231,126
600,894 Payable to customers
1,058,361 615,996
Guarantee deposits 878,283
715,208 Deferred income directly attributable
653,656 526,392
Deferred income not directly attributable 142,884
117,211 Payable from purchase of marketable securities
22,940 682,240
Others 3,784,822
3,878,946 Total Rupiah
9,074,428 7,832,000
Foreign currencies: Other liabilities related with UPAS transactions Note 60B.v
1,075,973 610,503
Guarantee deposits Note 60B.v 1,030,110
969,853 Deferred income not directly attributable
313,707 184,514
Deferred income directly attributable 848
937 Others
1,507,699 555,745
Total foreign currencies 3,928,337
2,321,552 13.002.765
10,153,552
Liabilities to policy holders consists of Subsidiary’s liability for future policy benefits for non unit-linked policy holders, claim payables, unearned premium income and estimated claim liabilities, amounting
to Rp1,042,530, Rp33,120, Rp163,642 and Rp63,064 as at 31 December 2012 and amounting to Rp511,321, Rp25,067, Rp118,476 and Rp40,249 as at 31 December 2011, respectively.
Payable to customers are mostly represent payable arising from marketable securities transactions by PT Mandiri Sekuritas the Bank’s subsidiary.
Liability related to ATM and credit card transactions represents payable arising from ATM transactions within ATM Bersama network and payable to Visa and MasterCard on credit card transactions.
Guarantee deposits are cash guarantee deposited by the Bank’s customers for export and import transaction and bank guarantee issuance.
Deferred income directly attributable presents unamortised provisioncommissions income directly attributable to loans.
Deferred income not directly attributable represents unamortised provisioncommissions income not directly attributable to loans.
Other liabilities related to UPAS transactions represents liability to financing bank in foreign currencies related to UPAS payable to importer.
Payable from purchase of marketable securities represents the Bank’s liability relatied to purchase of marketable securities transactions that have been subsequently settled on 3 January 2013.
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.