POLICYHOLDERS’ INVESTMENT AND LIABILITY TO UNIT-LINKED HOLDERS
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 589 19. FIXED ASSETS
The details of fixed assets were as follows:
Movements from 1 January 2012 Beginning
Ending to 31 December 2012
Balance Additions
Deductions Reclassifications
Balance
CostRevalued Amount Direct ownership
Land 2,780,439
3,111 4
- 2,783,546
Buildings 2,036,746
81,395 1,313
285,806 2,402,634
Furnitures, fixtures, office equipment and computer
equipment 4,179,972
484,295 104,071
951,362 5,511,558
Vehicles 202,612
34,261 12,036
9,764 234,601
Construction in progress 1,183,097
1,065,604 5,838
1,246,932 995,931
10,382,866 1,668,666
123,262 -
11,928,270 Leased assets
12,495 -
- -
12,495 10,395,361
1,668,666 123,262
- 11,940,765
Accumulated Depreciation Note 48
Direct ownership Buildings
1,169,521 98,703
469 49
1,267,706 Furnitures, fixtures, office
equipment and computer equipment
3,102,078 490,583
17,621 49
3,575,089 Vehicles
74,256 30,764
10,625 -
94,395 4,345,855
620,050 28,715
- 4,937,190
Leased assets 260
625 -
- 885
4,346,115 620,675
28,715 -
4,938,075 Net book value
Direct ownership Land
2,783,546 Buildings
1,134,928 Furniture, fixtures, office equipment and computer equipment
1,936,469 Vehicles
140,206 Construction in progress
995,931 6,991,080
Leased assets 11,610
7,002,690
Construction in progress as at 31 December 2012 was comprised of:
Balance
Computers and other hardware that have not been installed 561,170
Buildings 348,069
Office equipment and inventory 66,816
Vehicles 3,206
Others 16,670
995,931
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 590 19. FIXED ASSETS continued
The details of fixed assets were as follows continued: The estimated percentage of completion of construction in progress as at 31 December 2012 for
computers and other hardware that have not been installed was ranging between 25 - 95.
Movements from 1 January 2011 Beginning
Ending to 31 December 2011
Balance Additions
Deductions Reclassifications
Balance
CostRevalued Amount Direct ownership
Land 2,780,205
312 78
- 2,780,439
Buildings 1,884,375
18,965 1,610
135,016 2,036,746
Furnitures, fixtures, office equipment and computer
equipment 3,947,542
334,939 298,560
196,051 4,179,972
Vehicles 160,536
54,659 12,583
- 202,612
Construction in progress 712,873
798,024 -
327,800 1,183,097
9,485,531 1,206,899
312,831 3,267
10,382,866 Leased assets
3,267 12,495
- 3,267
12,495 9,488,798
1,219,394 312,831
- 10,395,361
Accumulated Depreciation Note 48
Direct ownership Buildings
1,091,391 78,299
169 -
1,169,521 Furnitures, fixtures, office
equipment and computer equipment
3,081,188 308,979
290,158 2,069
3,102,078 Vehicles
61,202 24,946
11,892 -
74,256 4,233,781
412,224 302,219
2,069 4,345,855
Leased assets 1,960
369 -
2,069 260
4,235,741 412,593
302,219 -
4,346,115 Net book value
Direct ownership Land
2,780,439 Buildings
867,225 Furniture, fixtures, office equipment and computer equipment
1,077,894 Vehicles
128,356 Construction in progress
1,183,097 6,037,011
Leased assets 12,235
6,049,246
Construction in progress as at 31 December 2011 was comprised of:
Balance
Computers and other hardware that have not been installed 705,410
Buildings 310,610
Office equipment and inventory 152,184
Vehicles 9,059
Others 5,834
1,183,097
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2012 AND 2011
Expressed in millions of Rupiah, unless otherwise stated
Appendix 591 19. FIXED ASSETS continued
Others
a. On 22 February 1990, the Bank signed a Joint Operation agreement KSO with PT Pakuwon Jati,
where PT Pakuwon Jati will build a shopping center and office tower with 17 storeys and other supporting facilities on land owned by Bank Mandiri, which located on Jalan Basuki Rachmat
No. 2, 4, 6 Surabaya. PT Pakuwon Jati is entitled to utilise the building for 22 years. The KSO agreement has matured on 21 February 2012 and the ownership of building has been transferred to
Bank Mandiri.
Through the Temporary utilisation agreement No. 05 dated 21 February 2012, developers can still utilise the building in the form of room rental for one year period until 20 February 2013. As at
20 February 2013, the agreement has been extended until 20 February 2014. However, the Bank has the right to terminate the agreement anytime if the Bank will utilise the building or transfer the
rights to third party.
On 14 June 1991, the Bank signed an Amendment I of Joint Operation agreement KSO with PT Duta Anggada Realty Tbk., in which PT Duta Anggada Realty Tbk. will build 2 office towers with
32 storeys on land owned by Bank Mandiri which located on Jalan Jenderal Sudirman lot 53-56, Jakarta. The agreement became effective from 14 June 1991 up to 20 years from the date of the
construction was completed, but not longer than 23 years starting the construction was completed the office building will be handed over in May 2014 for the first tower and in May 2016 for the
second tower. On the expiry date of the agreements, PT Duta Anggada Realty Tbk. will hand over the ownership of the building to Bank Mandiri.
b. Estimated fair value of land and buildings owned by the Bank as at 31 December 2012 are
determined using value of Sales Value of Tax Object NJOP. NJOP is regarded as the best estimates which reflect the fair value. As at 31 December 2012, the NJOP of land and buildings
owned by the Bank are Rp8,199,856 and Rp1,859,879, respectively. Other than land and buildings, there are no significant difference between the estimated fair value and carrying value of fixed
assets.
c. Land rights acquired through Leasehold Certificate HGB that can be renewed will expire between
2014 to 2017. Based on past experience, the Group has the confidence to extend the HGB. d.
All of fixed assets as at the reporting date are used to support the operating activities of the Group. e.
Bank Mandiri have insured their fixed assets excluding land rights, construction in progress and leased assets to cover potential losses from risk of fire, theft and natural disaster with PT Asuransi
Adira Dinamika, PT Asuransi Bina Dana Arta Tbk., PT Asuransi Bringin Sejahtera Artamakmur, PT Asuransi Dayin Mitra Tbk., PT Asuransi Himalaya Pelindung, PT Asuransi Indrapura, PT Asuransi
Jasatania, PT Asuransi Jasa Indonesia Persero, PT Asuransi Jasaraharja Putera, PT Asuransi Jaya Proteksi, PT Asuransi Parolamas, PT Asuransi Raksa Pratikara, PT Asuransi Rama Satria
Wibawa, PT Asuransi Ramayana Tbk., PT Asuransi Staco Mandiri formerly PT Asuransi Staco Jasapratama, PT Asuransi Umum Mega, PT Asuransi Wahana Tata, PT Caraka Mulia, PT Estika
Jasatama, PT Gelora Karya Jasatama, PT Krida Upaya Tunggal, PT Asuransi Raya, PT Asuransi Purna Artanugraha and PT Mandiri AXA General Insurance formerly PT Asuransi Dharma Bangsa
with total sum insured of Rp1,721,667 and USD76,357,754 full amount as at 31 December 2012 and Rp3,119,177 and USD75,699,481 full amount as at 31 December 2011. Management
believes that the above insurance coverage is adequate to cover possible losses that may arise on the assets insured.
Management also believes that there is no impairment of fixed assets as at 31 December 2012 and 2011.