These consolidated financial statements are originally issued in Bahasa.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
31
1. GENERAL INFORMATION continued
h. Structure and Management continued
As of December 31, 2015, Bank Mandiri’s Integrated Governance Committee consists of:
December 31, 2015
Chairman and member : Abdul Aziz
Member : Goei Siauw Hong
Member : Aviliani
Member : Bangun Sarwito Kusmuljono
Member : Ramzi A. Zuhdi PT Bank Syariah Mandiri
Member : M. Syafii Antonio PT Bank Syariah Mandiri-DP
Member : I Wayan D. Ardjana PT Bank Mandiri Taspen Pos
Member : Frans A. Wiyono PT Mandiri AXA General Insurance
Member : I Ketut Sendra PT Asuransi Jiwa Inhealth Indonesia
Member : D. Cyril Noerhadi PT Mandiri Sekuritas
Member : Jiantok Hardjiman PT Mandiri Manajemen Investasi
Member : Hanifah Purnama PT Mandiri Tunas Finance
Member : Wihana Kirana Jaya PT AXA Mandiri Financial Services
No longer serve as an independent commissioner since April 8, 2015 .
As of December 31, 2014, Bank Mandiri’s Risk Oversight Committee and Good Corporate Governance consists of:
December 31, 2014
Chairman and member : Anton Hermanto Gunawan
Member : Pradjoto
Member : Krisna Wijaya
Member : Abdul Aziz
Member : Ridwan Darmawan Ayub
Member : Budi Sulistio
Secretary ex-officio : Group Head Market Operational Risk
As of December 31, 2015, Chairman of the Internal Audit Committee of Bank Mandiri is Mustaslimah which was approved by the Board of Commissioners of Bank Mandiri through letter
No. KOM0352015 dated April 8, 2015 and has been reported to OJK through letter No. CEO1522015
dated April
14, 2015
and Indonesia
Stock Exchange
by letter
No. FST.CSCCMA.11312015 dated April 14, 2015, while the Chairman of the Internal Audit of Bank Mandiri as of December 31, 2014 is Riyani T. Bondan.
As of December 31, 2015 and 2014, Bank Mandiri’s Corporate Secretary is Rohan Hafas. The number of employees of the Bank Mandiri on December 31, 2015 and 2014 are 36,737 and
34,696 people, respectively unaudited.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The Management is responsible for the preparation of the accompanying consolidated financial statements which were completed and authorised for issuance by the Board of Directors on
January 28, 2016.
The consolidated financial statements have been prepared in accordance with Indonesian Financial Accounting Standards, and the Capital Market Supervisory Agency and Financial Institution Bapepam
and LK regulation No. VIII.G.7 Attachment of the Chairman of Bapepam and LK’s decree No. KEP- 347BL2012 dated June 25, 2012, regarding “Financial Statements Presentation and Disclosure for
Issuer or Public Companies”.
These consolidated financial statements are originally issued in Bahasa.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
32
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
The principal accounting policies adopted in preparing the consolidated financial statements of the Bank and Subsidiaries are set out below:
a. Basis of Preparation of the Consolidated Financial Statements
The consolidated financial statements have been prepared under the historical cost, except for financial assets classified as available for sale, financial assets and liabilities held at fair value
through profit or loss and all derivative instruments which have been measured at fair value. The consolidated financial statement are prepared under the accrual basis of accounting, except for
the consolidated statement of cash flows.
Consolidated statements of cash flows are prepared using the direct method by classifying cash flows in operating, investing and financing activities.
The financial statements of a Subsidiary company engaged in sharia banking have been prepared in conformity with the Statement of Financial Accounting Standards SFAS 101 Revised 2014,
“Presentation of Financial Statement for Sharia Banking”, SFAS 102 Revised 2013 “Accounting for Murabahah”, SFAS 104 “Accounting for Istishna”, SFAS 105 ”Accounting for Mudharabah”,
SFAS 106 “Accounting for Musyarakah”, SFAS 107 “Accounting for Ijarah”, SFAS 110 “Accounting for Sukuk”and other prevailing Statements of Financial Accounting Standards, as long as not
contradict with Sharia principle also Accounting Guidelines for Indonesian Sharia Banking PAPSI Revised 2013.
The preparation of consolidated financial statements in accordance with Indonesian Financial Accounting Standards requires the use of estimates and assumptions. It also requires
management to make judgments in the process of applying the accounting policies the Group. The area that is complex or requires a higher level of consideration or areas where assumptions and
estimates could have a significant impact on the consolidated financial statements are disclosed in Note 3.
All figures in the consolidated financial statements, are rounded and presented in million rupiah Rp unless otherwise stated.
b. Changes in accounting policies
Effective on January 1, 2015, the Group has applied new standards and interpretation or revision that are relevant to the Group’s operation effective from such date as follows:
- SFAS 1 revised 2013 “Presentation of financial statements”
- SFAS 4 revised 2013 “Separate financial statements”
- SFAS 15 revised 2013 “Investment in associates and joint ventures”
- SFAS 24 revised 2013 “Employee benefits”
- SFAS 65 “Consolidated financial statements”
- SFAS 66 “Joint arrangements”
- SFAS 67 “Disclosure of interests in other entities”
- SFAS 68 “Fair value measurement”
- SFAS 46 revised 2014 “Income tax”
- SFAS 48 revised 2014 “Impairment of asset”
- SFAS 50 revised 2014 “Financial instrument : Presentation”
- SFAS 55 revised 2014 “Financial instrument : Recognition and measurement”
- SFAS 60 revised 2014 “Financial instrument : Disclosures”
- IFAS 26 “Reassessment of embedded derivatives”
The above new and revised standards and interpretations have no material impact to the Bank and Subsidaries’ consolidated financial statements, except changes in consolidated the financial
statement presentation which separated items that will be reclassified to profit or loss with items that will never be reclassified to profit or loss and addition of certain disclosures.
