ACCEPTANCES RECEIVABLE 2004 12 Full Audited Financial Statements w Notes
13. INVESTMENTS IN SHARES OF STOCK continued
a. The details of investments in shares of stock are as follows: continued The details of investments in shares of stock as of December 31, 2004 are as follows: Accumulated Equity Investee Percentage of in Retained Earnings Companies Nature of Business Ownership Cost Accumulated Losses Carrying Value Equity Method of Accounting: PT Sarana Bersama Pembiayaan Indonesia Holding company 34.00 2,278 2,881 5,159 PT AXA Mandiri Financial Services Insurance 49.00 16,761 12,939 3,822 8,981 Cost Method of Accounting: PT Semen Kupang a Manufacturing 59.73 45,023 45,023 PT Sri Thai a Manufacturing 21.60 23,055 23,055 Others Various 9,935 9,935 78,013 Total 86,994 Less: Allowance for possible losses 78,145 8,849 a These investments represent restructured loans through debt to equity participations Note 11B.g. Such investments are temporary investments for up to a maximum of five 5 years based on Bank Indonesia regulations. Accordingly, such investments are accounted for using the cost method regardless of the percentage of ownership, effective January 1, 2001. PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS December 31, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated 6913. INVESTMENTS IN SHARES OF STOCK continued
a. The details of investments in shares of stock are as follows: continued The details of investments in shares of stock as of December 31, 2003 are as follows: Accumulated Equity Investee Percentage of in Retained Earnings Companies Nature of Business Ownership Cost Accumulated Losses Carrying Value Equity Method of Accounting: PT Sarana Bersama Pembiayaan Indonesia Holding company 34.00 2,278 2,881 5,159 PT AXA Mandiri Financial Services Insurance 49.00 16,761 7,343 9,418 PT Bapindo Bumi Sekuritas Securities trading 26.19 2,750 795 1,955 16,532 Cost Method of Accounting: PT Semen Kupang a Manufacturing 59.70 45,023 45,023 PT Sri Thai a Manufacturing 21.60 23,055 23,055 PT Kertas Padalarang a Pulp and paper 51.50 9,530 9,530 Others Various 10,075 8,275 85,883 Total 102,415 Less: Allowance for possible losses 89,693 12,722 a These investments represent restructured loans through debt to equity participations Note 11B.g. Such investments are temporary investments for up to a maximum of five 5 years based on Bank Indonesia regulations. Accordingly, such investments are accounted for using the cost method regardless of the percentage of ownership, effective January 1, 2001.Parts
» 2004 12 Full Audited Financial Statements w Notes
» GENERAL 2004 12 Full Audited Financial Statements w Notes
» GENERAL continued 2004 12 Full Audited Financial Statements w Notes
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued
» SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES continued CURRENT ACCOUNTS WITH BANK INDONESIA
» CURRENT ACCOUNTS WITH OTHER BANKS PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS
» PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS continued
» By Type, Currency and Collectibility: continued
» SECURITIES continued 2004 12 Full Audited Financial Statements w Notes
» SECURITIES continued SECURITIES continued
» SECURITIES continued GOVERNMENT RECAPITALIZATION BONDS GOVERNMENT RECAPITALIZATION BONDS continued
» GOVERNMENT RECAPITALIZATION BONDS continued
» OTHER RECEIVABLES - TRADE TRANSACTIONS
» OTHER RECEIVABLES - TRADE TRANSACTIONS continued
» DERIVATIVE RECEIVABLES AND PAYABLES
» DERIVATIVE RECEIVABLES AND PAYABLES continued
» DERIVATIVE RECEIVABLES AND PAYABLES continued LOANS
» LOANS continued LOANS continued
» LOANS continued 2004 12 Full Audited Financial Statements w Notes
» ACCEPTANCES RECEIVABLE 2004 12 Full Audited Financial Statements w Notes
» ACCEPTANCES RECEIVABLE continued INVESTMENTS IN SHARES OF STOCK continued
» INVESTMENTS IN SHARES OF STOCK continued
» INVESTMENTS IN SHARES OF STOCK continued PREMISES AND EQUIPMENT
» PREMISES AND EQUIPMENT continued PREMISES AND EQUIPMENT continued
» PREMISES AND EQUIPMENT continued
» OTHER ASSETS 2004 12 Full Audited Financial Statements w Notes
» OTHER ASSETS continued 2004 12 Full Audited Financial Statements w Notes
» DEPOSITS FROM CUSTOMERS - SAVINGS DEPOSITS DEPOSITS FROM CUSTOMERS - TIME DEPOSITS
» DEPOSITS FROM CUSTOMERS - TIME DEPOSITS continued
» DEPOSITS FROM OTHER BANKS - DEMAND DEPOSITS DEPOSITS FROM OTHER BANKS - INTER-BANK CALL MONEY
» DEPOSITS FROM OTHER BANKS - TIME DEPOSITS continued
» SECURITIES SOLD WITH AGREEMENTS TO REPURCHASE
» SECURITIES SOLD WITH AGREEMENTS TO REPURCHASE continued
» ACCEPTANCES PAYABLE continued 2004 12 Full Audited Financial Statements w Notes
» SECURITIES ISSUED continued 2004 12 Full Audited Financial Statements w Notes
» FUND BORROWINGS 2004 12 Full Audited Financial Statements w Notes
» FUND BORROWINGS continued 2004 12 Full Audited Financial Statements w Notes
» ESTIMATED LOSSES ON COMMITMENTS AND CONTINGENCIES
» ESTIMATED LOSSES ON COMMITMENTS AND CONTINGENCIES continued TAXATION
» TAXATION continued 2004 12 Full Audited Financial Statements w Notes
» TAXATION continued d. Corporate income tax expense - deferred
» OTHER LIABILITIES 2004 12 Full Audited Financial Statements w Notes
» OTHER LIABILITIES continued SUBORDINATED LOANS
» SUBORDINATED LOANS continued 2004 12 Full Audited Financial Statements w Notes
» SUBORDINATED LOANS continued SUBORDINATED LOANS continued
» LOAN CAPITAL 2004 12 Full Audited Financial Statements w Notes
» LOAN CAPITAL continued 2004 12 Full Audited Financial Statements w Notes
» MINORITY INTERESTS IN NET ASSETS OF CONSOLIDATED SUBSIDIARIES SHAREHOLDERS’ EQUITY
» SHAREHOLDERS’ EQUITY continued 2004 12 Full Audited Financial Statements w Notes
» MANAGEMENT STOCK OPTION PLAN
» MANAGEMENT STOCK OPTION PLAN continued
» INTEREST INCOME 2004 12 Full Audited Financial Statements w Notes
» INTEREST EXPENSE 2004 12 Full Audited Financial Statements w Notes
» REVERSAL OF ALLOWANCE FOR POSSIBLE LOSSES - OTHERS
» GAINS FROM SALE OF SECURITIES AND GOVERNMENT RECAPITALIZATION BONDS
» GENERAL AND ADMINISTRATIVE EXPENSES
» SALARIES AND EMPLOYEE BENEFITS continued
» PENSION AND SEVERANCE 2004 12 Full Audited Financial Statements w Notes
» PENSION AND SEVERANCE continued
» PENSION AND SEVERANCE continued NON-OPERATING INCOMEEXPENSE - NET
» COMMITMENTS AND CONTINGENCIES 2004 12 Full Audited Financial Statements w Notes
» FOREIGN CURRENCY TRANSACTIONS 2004 12 Full Audited Financial Statements w Notes
» RELATED PARTY TRANSACTIONS continued
» RELATED PARTY TRANSACTIONS continued MATURITY PROFILE
» MATURITY PROFILE continued 2004 12 Full Audited Financial Statements w Notes
» SEGMENT INFORMATION 2004 12 Full Audited Financial Statements w Notes
» SEGMENT INFORMATION continued 2004 12 Full Audited Financial Statements w Notes
» SEGMENT INFORMATION continued CAPITAL ADEQUACY RATIO continued
» CUSTODIAL AND TRUST OPERATIONS continued
» CHANNELING LOANS 2004 12 Full Audited Financial Statements w Notes
» CHANNELING LOANS continued 2004 12 Full Audited Financial Statements w Notes
» RISK MANAGEMENT continued 2004 12 Full Audited Financial Statements w Notes
» RISK MANAGEMENT continued SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES
» SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES
» SIGNIFICANT AGREEMENTS, COMMITMENTS AND CONTINGENCIES continued
» ECONOMIC CONDITIONS 2004 12 Full Audited Financial Statements w Notes
» IMPLEMENTATION OF QUASI-REORGANIZATION 2004 12 Full Audited Financial Statements w Notes
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