PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Year Ended December 31, 2006 With Comparative Figures For 2005
Expressed in millions of Rupiah, unless otherwise stated
65
15. OTHER ASSETS
2006 2005
Accrued income
1,661,130 1,852,191 Others
3,302,295 2,107,418 4,963,425 3,959,609
Accrued Income Accrued income primarily comprises accrued interest receivable from placements, securities, Government
Recapitalization Bonds, loans, and accrued fees and commissions.
Others
2006 2005
Rupiah: Receivables from customer transactions
713,357 107,000
Abandoned properties – net of accumulated losses arising from difference in net realizable value of Rp28,762 and Rp31,064
as of December 31, 2006 and 2005 416,167
238,236 Prepaid expenses
303,804 361,361 Interest receivables from financial institutions
254,004 43,496
Interbranch account – net 201,152 265,400
Repossessed assets – net of accumulated losses arising from difference in net realizable value of Rp10,451 and Rp10,451
as of December 31, 2006 and 2005 188,094
188,703 Prepaid taxes
7,356 217,292 Others
1,630,052 729,753 Total
Rupiah 3,713,986 2,151,241
Foreign Currency: Prepaid expenses
21,041 52,736 Interest receivables from financial institutions
17,601 -
Receivables from customer transactions 16,052
26,860 Prepaid taxes
92 - Interbranch account – net
- 39,306 Others
528,226 264,500 Total Foreign Currency
583,012 383,402 Total
4,296,998 2,534,643 Less: Allowance for possible losses
994,703 427,225
3,302,295 2,107,418
Receivables from customer transactions primarily consist of securities transactions from PT Mandiri Sekuritas subsidiary.
Abandoned properties are the fixed assets in the form of property owned by the Bank but are not utilized for the Bank’s general operational activities.
Prepaid expenses consist of payments made in advance mostly relating to rent and insurance. Prepaid taxes as of December 31, 2006 and 2005 primarily comprised of corporate income tax
installments and others.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Year Ended December 31, 2006 With Comparative Figures For 2005
Expressed in millions of Rupiah, unless otherwise stated
66
15. OTHER ASSETS continued
Included in others is purchased loans from IBRA amounting to RpNil and Rp2,288 in 2006 and 2005, respectively in which related cessie agreements to these loans are still in the process of finalization Note
11. As of 31 December, 2006 all related cessie agreements to loans from IBRA have been finalized.
The allowance for possible losses amounting to Rp994,703 and Rp427,225 as of December 31, 2006 and 2005, respectively, was provided to cover possible losses arising from inter-branch accounts and other
assets. Bank Mandiri’s management believes that the allowance is adequate to cover possible losses arising from other assets.
Movement of allowance for possible losses on other assets are as follows:
2006 2005
Balance at beginning of year 427,225
1,880,346 Provisionreversal during the year
53,663 797,841
Utilization during the year open items written off -
1,089,404 Others
513,815 434,124
Balance at end of year 994,703 427,225
Includes effect of foreign currency translation.
16. DEPOSITS FROM CUSTOMERS - DEMAND DEPOSITS
