Financial instruments continued G. Allowance for impairment losses of financial assets
c. Financial instruments continued G. Allowance for impairment losses of financial assets continued
a Financial assets carried at amortised cost continued Collective impairment calculation For the purpose of a collective evaluation of impairment, financial asset are grouped on the basis of similar credit risk characteristics such by considering credit segmentation and past-due status. Those characteristics are relevant to the estimation of future cash flows for groups of such assets which indicate debtors or counterparties’ ability to pay all amounts due according to the contractual terms of the assets being evaluated. Future cash flows in a group of financial assets that are collectively evaluated for impairment are estimated on the basis of historical loss experience for assets with credit risk characteristics similar to those in the Bank. Historical loss experience is adjusted on the basis of current observable data to reflect the effects of current conditions that did not affect the period on which the historical loss experience is based and to remove the effects of conditions in the historical period that do not currently exist. The Group uses statistical model analysis methods, namely roll rates analysis method and migration analysis method for financial assets impairment which collectively assessed, using at the minimum of 3 three years historical data. In migration analysis method, management determines 12 months as the estimated and identification period between a loss occuring for each identified portfolio, except for Micro banking segment in which the loss identification period used 9 months. When a loan is uncollectible, it is written off against the related allowance for loan impairment losses. Such loans are written off after all the necessary procedures have been completed and the amount of the loss has been determined. Impairment charges relating to loans and marketable securities in held-to-maturity and loans and receivables categories are classified into “Allowance for impairment losses”. If in a subsequent period, the amount of the impairment loss decreases and the decrease can be related objectively to an event occurring after the impairment was recognised such as an improvement in the debtor’s credit rating, the previously recognised impairment loss is reversed by adjusting the allowance account. The amount of the impairment reversal is recognised in the consolidated statement of comprehensive income. Subsequent recoveries of loans written off in the current year are credited to the allowance for impairment losses account. Subsequent recoveries of loans written off in previous year, are recognised as other non- operating income. 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 526 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continuedc. Financial instruments continued G. Allowance for impairment losses of financial assets continued
Parts
» Consolidated FS with Indep Auditors
» Establishment Consolidated FS with Indep Auditors
» Merger Consolidated FS with Indep Auditors
» Merger continued Consolidated FS with Indep Auditors
» Recapitalisation Consolidated FS with Indep Auditors
» Recapitalisation continued Consolidated FS with Indep Auditors
» Divestment of Government Share Ownership
» Public Offering of Bank Mandiri Subordinated Bonds, Limited Public Offering and Changes
» Subsidiaries Associates Consolidated FS with Indep Auditors
» Subsidiaries and Associates continued Bank Mandiri Europe Limited
» 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
» Subsidiaries and Associates continued PT Asuransi Jiwa InHealth Indonesia continued
» Subsidiaries and Associates continued PT Bumi Daya Plaza Structure and Management
» 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 lanjutan
» Changes in accounting policies Financial instruments A. Financial assets
» Financial instruments continued A. Financial assets continued
» Financial instruments continued B. Financial liabilities
» Financial instruments continued C. Derecognition
» 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
» Financial instruments continued H. Determination of fair value
» Principles of Consolidation Consolidated FS with Indep Auditors
» 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 Consolidated FS with Indep Auditors
» Marketable Securities continued Consolidated FS with Indep Auditors
» Government Bonds Consolidated FS with Indep Auditors
» Other Receivables - Trade Transactions
» Securities PurchasedSold under ResaleRepurchase Agreements
» Derivative Receivables and Derivative Payables Loans
» Loans continued Consolidated FS with Indep Auditors
» Consumer Financing Receivables Consolidated FS with Indep Auditors
» Consumer Financing Receivables continued
» Net Investment in Finance Lease Fixed Assets and Leased Assets
» Fixed Assets and Leased Assets continued
» Investments in Shares Consolidated FS with Indep Auditors
» Allowance for Possible Losses on Non-Earning Assets
» Acceptance Receivables and Payables
» Other Assets Consolidated FS with Indep Auditors
» Obligation due Immediately Consolidated FS with Indep Auditors
» Deposits from Customers Consolidated FS with Indep Auditors
» Deposits from Customers continued
» Deposits from Other Banks Insurance Contract
» Insurance Contract continued Consolidated FS with Indep Auditors
» USE OF CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
» Employee benefit Consolidated FS with Indep Auditors
» CURRENT ACCOUNTS WITH BANK INDONESIA
» GOVERNMENT BONDS Insurance liabilities on insurance contracts
» LOANS Insurance liabilities on insurance contracts
» CONSUMER FINANCING RECEIVABLES Insurance liabilities on insurance contracts
» NET INVESTMENT IN LEASE FINANCING
» ACCEPTANCE RECEIVABLES Insurance liabilities on insurance contracts
» FIXED ASSETS Insurance liabilities on insurance contracts
» OTHER ASSETS Insurance liabilities on insurance contracts
» 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
» MARKETABLE SECURITIES ISSUED Insurance liabilities on insurance contracts
» Tax Payables Consolidated FS with Indep Auditors
» Tax BenefitExpense Tax Expense - Current
» Tax Expense - Current continued
» Deferred tax assets - net continued
» Tax assessment letters Consolidated FS with Indep Auditors
» EMPLOYEE BENEFIT LIABILITIES Tax assessment letters continued
» OTHER LIABILITIES Tax assessment letters continued
» FUND BORROWINGS Tax assessment letters continued
» SUBORDINATED LOANS Tax assessment letters continued
» TEMPORARY SYIRKAH FUNDS Tax assessment letters continued
» NON CONTROLLING INTEREST IN NET ASSETS OF CONSOLIDATED SUBSIDIARIES
» SHARE CAPITAL a. Authorised, Issued and Fully Paid Capital
» Authorised, Issued and Fully Paid-in Capital continued
» Additional Paid-In CapitalShare Premium
» INTEREST INCOME AND SHARIA INCOME
» INTEREST EXPENSE AND SHARIA EXPENSE
» OTHER OPERATING INCOME - OTHERS
» ALLOWANCE FOR IMPAIRMENT LOSSES
» UNREALISED GAINSLOSSES Distribution of Net Income
» GAINLOSS ON SALE OF MARKETABLE SECURITIES AND GOVERNMENT BONDS
» SALARIES AND EMPLOYEE BENEFITS
» GENERAL AND ADMINISTRATIVE EXPENSES
» OTHER OPERATING EXPENSES - OTHERS - NET
» COMMITMENTS AND CONTINGENCIES Distribution of Net Income
» RELATED PARTY TRANSACTIONS Distribution of Net Income
» CUSTODIAL SERVICES AND TRUST OPERATIONS
» SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES a.
» Liabilities Legal Matters Consolidated FS with Indep Auditors
» Value Added Tax VAT on Bank Syariah Mandiri BSM Murabahah Financing Transactions
» Trade Financing with Asian Development Bank ADB
» GOVERNMENT GUARANTEE FOR THE OBLIGATIONS OF LOCALLY INCORPORATED BANKS
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