Basis of Preparation of the Consolidated Financial Statements continued Changes in accounting policies in current year
A. Financial assets continued
c Held-to-maturity financial assets continued Held-to-maturity financial assets are initially recognised at fair value including transaction costs and subsequently measured at amortised cost, using the effective interest method. Interest income on held-to-maturity financial assets is included in the consolidated statement of income and reported as “Interest income”. In the case of impairment, the impairment loss is reported as a deduction from the carrying value of the investment and recognised in the consolidated financial statements as “Allowance for impairment losses”. d Available-for-sale financial assets Available-for-sale are financial assets that are intended to be held for indefinite period of time, which may be sold in response to needs for liquidity or changes in interest rates, exchange rates or that are not classified as loans and receivables, held-to- maturity or financial assets at fair value through profit or loss. Available-for-sale financial assets are initial recognised at fair value, plus transaction costs, and measured subsequently at fair value with gains or losses arising from the changes in fair value being recognised in the statement of changes in equity, except for impairment losses and foreign exchange gains or losses, until the financial assets is derecognised. If an available-for-sale financial asset is determined to be impaired, the cumulative unrealised gain or loss arising from the changes in fair value previously recognised in the statement of changes in equity is recognised in the consolidated statement of income. Interest income is calculated using the effective interest method, and foreign currency gains or losses on monetary assets classified as available for-sale are recognised in the consolidated statement of income. Recognition The Bank uses trade date accounting for regular way contracts when recording marketable securities and Government Bonds transactions whilst for other financial assets use settlement date. Financial assets that are transferred to a third party but not qualify for derecognition are presented in the consolidated balance sheets as “Pledged assets”, if the transferee has the right to sell or repledge them. PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS AT 31 DECEMBER 2010, 2009 AND 2008 Expressed in millions of Rupiah, unless otherwise stated Appendix 516 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued b. Changes in accounting policies in current year continued i. Financial assets and liabilities continuedParts
» FS Bank Mandiri Tbk 311210 Eng Final opini
» 735,266 24,442,187 FS Bank Mandiri Tbk 311210 Eng Final opini
» Divestment of Government Share Ownership Subsidiaries Associates
» Subsidiaries and Associates continued PT Bank Syariah Mandiri
» Subsidiaries and Associates continued PT Bank Sinar Harapan Bali continued
» Subsidiaries and Associates continued PT AXA Mandiri Financial Services Structure and Management
» Structure and Management continued
» Basis of Preparation of the Consolidated Financial Statements
» Changes in accounting policies in current year continued
» Financial assets continued Financial assets and liabilities A. Financial assets
» Financial assets continued Financial liabilities
» Derecognition Financial assets and liabilities A. Financial assets
» Changes in accounting policies in current year continued iii. Classes of financial instrument
» Principles of Consolidation SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» Principles of Consolidation continued
» Foreign Currency Transactions and Balances
» Transactions with Related Parties
» Transactions with Related Parties continued
» Current Accounts with Bank Indonesia and Other Banks
» Placements with Bank Indonesia and Other Banks
» Marketable Securities SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» Marketable Securities continued SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» Government Bonds SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» Other Receivables - Trade Transactions
» Securities PurchasedSold under ResaleRepurchase Agreements
» Securities PurchasedSold under ResaleRepurchase Agreements continued
» Derivative Receivables and Derivative Payables
» Derivative Receivables and Derivative Payables continued
» Loans SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» Loans continued SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» Consumer Financing Receivables SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» Fixed Assets and Leased Assets
» Fixed Assets and Leased Assets continued
» Investments in Shares SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» Investments in Shares continued
» Allowance for Possible Losses on Non-Earning Assets
» Allowance for Possible Losses on Non-Earning Assets continued
» Acceptance Receivables and Payables
» Other Assets SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» Obligation due Immediately SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» Deposits from Customers SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» Liability for Future Policy Benefits and Liability to Unit-Linked Holders
» Marketable Securities Issued SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» Marketable Securities Issued continued
» Fund Borrowings SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
» CURRENT ACCOUNTS WITH BANK INDONESIA
» MARKETABLE SECURITIES FS Bank Mandiri Tbk 311210 Eng Final opini
» DERIVATIVE RECEIVABLES AND PAYABLES
» CONSUMER FINANCING RECEIVABLES FS Bank Mandiri Tbk 311210 Eng Final opini
» ACCEPTANCE RECEIVABLES FS Bank Mandiri Tbk 311210 Eng Final opini
» POLICYHOLDERS’ INVESTMENT AND LIABILITY TO UNIT-LINKED HOLDERS
» OTHER ASSETS FS Bank Mandiri Tbk 311210 Eng Final opini
» DEPOSITS FROM CUSTOMERS - DEMAND DEPOSITS
» DEPOSITS FROM CUSTOMERS - SAVING DEPOSITS
» DEPOSITS FROM OTHER BANKS - DEMAND AND SAVING DEPOSITS
» DEPOSITS FROM OTHER BANKS - INTER-BANK CALL MONEY
» DEPOSITS FROM OTHER BANKS - TIME DEPOSITS
» ACCEPTANCE PAYABLES FS Bank Mandiri Tbk 311210 Eng Final opini
» MARKETABLE SECURITIES ISSUED FS Bank Mandiri Tbk 311210 Eng Final opini
» FUND BORROWINGS FS Bank Mandiri Tbk 311210 Eng Final opini
» ESTIMATED LOSSES ON COMMITMENTS AND CONTINGENCIES
» Tax expense TAXATION a. Taxes payable
» Tax expense - Current year continued
» MINORITY INTERESTS IN NET ASSETS OF CONSOLIDATED SUBSIDIARIES
» Authorised, Issued and Fully Paid-in Capital continued
» Additional Paid-In CapitalAgio SHARE CAPITAL a. Authorised, Issued and Fully Paid-in Capital
» Additional Paid-In CapitalAgio continued
» Fixed Assets Revaluation Reserve
» Distribution of Net Income continued
» Difference in Transactions of Equity Changes in Subsidiaries
» MANAGEMENT STOCK OPTION PLAN
» INTEREST EXPENSE FS Bank Mandiri Tbk 311210 Eng Final opini
» ALLOWANCEREVERSAL FOR IMPAIRMENT LOSSES
» REVERSALALLOWANCE FOR POSSIBLE LOSSES
» UNREALISED LOSSESGAINS FS Bank Mandiri Tbk 311210 Eng Final opini
» SALARIES AND EMPLOYEE BENEFITS
» GENERAL AND ADMINISTRATIVE EXPENSES
» COMMITMENTS AND CONTINGENCIES FS Bank Mandiri Tbk 311210 Eng Final opini
» IMPACT ON THE INITIAL IMPLEMENTATION OF SFAS 50 REVISED 2006 AND SFAS 55 REVISED 2006
» RELATED PARTY TRANSACTIONS FS Bank Mandiri Tbk 311210 Eng Final opini
» CUSTODIAL SERVICES AND TRUST OPERATIONS
» CHANNELING LOANS FS Bank Mandiri Tbk 311210 Eng Final opini
» Liquidity Risk Management RISK MANAGEMENT
» Liquidity Risk Management continued
» Interest Rate Risk Management
» Interest Rate Risk Management continued Pricing Management
» Market Risk Management Foreign Exchange Risk Management
» Foreign Exchange Risk Management continued
» Fair value of financial assets and liabilities
» Fair value of financial assets and liabilities continued
» Operational Risk Mitigation RISK MANAGEMENT
» Capital Charge Calculation to Cover Operational Risk
» Legal Matters SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES a.
» Value Added Tax VAT on Bank Syariah Mandiri BSM Murabahah Transactions
» Value Added Tax VAT on Bank Syariah Mandiri BSM Murabahah Financing Transactions
» Trade Financing with Asian Development Bank ADB
» Settlement Mandatory Convertible Bond MCB PT Garuda Indonesia Persero
» Settlement Mandatory Convertible Bond MCB PT Garuda Indonesia Persero continued
» GOVERNMENT GUARANTEE FOR THE OBLIGATIONS OF LOCALLY INCORPORATED BANKS
» NEW ACCOUNTING STANDARDS FS Bank Mandiri Tbk 311210 Eng Final opini
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