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 587 16. INVESTMENTS IN SHARES
a. The detail of investments in shares is as follows:
2014 2013
Investment in shares 58,672
7,891 Less: Allowance for impairment losses
3,182 3,224
55,490 4,667
The detail of investments in shares as at 31 December 2014 is as follows:
Investee Nature
Percentage of Carrying
Companies of Business
Ownership Amount
Fair Value Method: Westech Electronics
Trading and retail 5.50
266 Cost Method:
Others each less than Rp3,000
Various 3.99 - 34.00
58,406 Total
58,672 Less: Allowance for impairment losses
3,182 55,490
The detail of investments in shares as at 31 December 2013 is as follows:
Investee Nature
Percentage of Carrying
Companies of Business
Ownership Amount
Fair Value Method: Westech Electronics
Trading and retail 5.50
1,362 Cost and Equity Method:
Others each less than Rp3,000
Various 3.99 - 34.00
6,529 Total
7,891 Less: Allowance for impairment losses
3,224 4,667
b. Investments in shares by Bank Indonesia’s collectibility:
2014 2013
Current 58,405
6,528 Doubtful
266 1,362
Loss 1
1 Total
58,672 7,891
Less: Allowance for impairment losses 3,182
3,224 55,490
4,667
c. Movements of allowance for impairment losses on investments in shares:
2014 2013
Balance at beginning of year 3,224
3,044 Reversalallowance during the year Note 44
488 310
Others 446
130
Balance at end of year 3,182
3,224
Includes effect of foreign currency translation
Management believes that the allowance for impairment losses on investments in shares is adequate.
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 588 17. PREPAID EXPENSES
2014 2013
- Prepaid rent 1,017,201
789,658 - Building maintenance
557,942 454,705
- Others 262,357
244,647 1,837,500
1,489,010
Prepaid rent mostly consists of rent on buildings which are used as the Group branch’s offices and official residence across Indonesia.
18. FIXED ASSETS
The details of fixed assets were as follows:
Movements from 1 January 2014 Beginning
Ending to 31 December 2014
Balance Additions
Deductions Reclassifications
Balance
CostRevalued Amount Direct ownership
Land 2,807,067
16,540 1
15,518 2,839,124
Buildings 2,591,342
302,313 217
415,890 3,309,328
Furnitures, fixtures, office equipment and computer
equipment 6,374,639
233,843 12,602
525,301 7,121,181
Vehicles 259,936
19,489 2,981
2,746 279,190
Construction in progress 1,212,770
1,678,539 6,120
959,455 1,925,734
13,245,754 2,250,724
21,921 -
15,474,557 Leased assets
12,495 -
- -
12,495 13,258,249
2,250,724 21,921
- 15,487,052
Accumulated Depreciation Direct ownership
Buildings 1,283,489
167,693 217
5 1,450,960
Furnitures, fixtures, office equipment and computer
equipment 4,206,743
753,453 12,096
5 4,948,105
Vehicles 120,909
39,034 2,947
- 156,996
5,611,141 960,180
15,260 -
6,556,061 Leased assets
1,510 625
- -
2,135 5,612,651
960,805 15,260
- 6,558,196
Net book value Direct ownership
Land 2,839,124
Buildings 1,858,368
Furniture, fixtures, office equipment and computer equipment 2,173,076
Vehicles 122,194
Construction in progress 1,925,734
8,918,496 Leased assets
10,360 8,928,856
Included in the additions of fixed asset is the acquisition cost of fixed assets amounted Rp33,622 and accumulated depreciation amounted to Rp20,140 resulted from consolidation of InHealth, a subsidiary since 2 May 2014.
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 589 18. FIXED ASSETS continued
The details of fixed assets were as follows: continued
Movements from 1 January 2013 Beginning
Ending to 31 December 2013
Balance Additions
Deductions Reclassifications
Balance
CostRevalued Amount Direct ownership
Land 2,783,546
47,715 27,265
3,071 2,807,067
Buildings 2,402,634
65,009 158,851
282,550 2,591,342
Furnitures, fixtures, office equipment and computer
equipment 5,511,558
249,920 66,842
680,003 6,374,639
Vehicles 234,601
35,238 13,109
3,206 259,936
Construction in progress 995,931
1,186,506 837
968,830 1,212,770
11,928,270 1,584,388
266,904 -
13,245,754 Leased assets
12,495 -
- -
12,495 11,940,765
1,584,388 266,904
- 13,258,249
Accumulated Depreciation Direct ownership
Buildings 1,267,706
113,110 97,327
- 1,283,489
Furnitures, fixtures, office equipment and computer
equipment 3,575,089
669,855 38,201
- 4,206,743
Vehicles 94,395
38,603 12,089
- 120,909
4,937,190 821,568
147,617 -
5,611,141 Leased assets
885 625
- -
1,510 4,938,075
822,193 147,617
- 5,612,651
Net book value Direct ownership
Land 2,807,067
Buildings 1,307,853
Furniture, fixtures, office equipment and computer equipment 2,167,896
Vehicles 139,027
Construction in progress 1,212,770
7,634,613 Leased assets
10,985 7,645,598
Construction in progress as at 31 December 2013 and 2014 were comprised of:
2014 2013
Buildings 1,045,831
638,895 Computers and other hardware that have not been installed
577,528 427,977
Office equipment and inventory 260,958
106,833 Vehicles
6,876 2,746
Others 34,541
36,319 1,925,734
1,212,770
The estimated percentage of completion of construction in progress as at 31 December 2014 for computers and other hardwares that have not been installed was ranging between 32 - 95 and
31 December 2013 was ranging between 20 - 97.
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 590 18. FIXED ASSETS continued