Unearned Premiums Estimated Claims Liability
39. Insurance Underwriting Income
2014 2013 Gross premiums 11,915,604 13,885,244 Premi reasuransi 2,301,116 1,951,178 Increase in unearned premiums Note 26 31,697 123,190 Total 9,582,791 11,810,87640. Interest Income and Profit Sharing
2014 2013 Loans 1,598,144 1,220,272 Consumer finance 339,222 386,224 Short-term investment 494,916 413,828 Time deposits 182,134 260,938 Factoring 216,201 167,634 Finance leases 13,307 19,395 Securities purchased under agreements to resell 6,764 4,542 Mortgage receivables 337 3,804 Others 6,359 1,766 Total 2,857,384 2,478,40341. Sales
This account represent sales of foreign currencies by SMC, a subsidiary, in 2014 and 2013, and sales of electronic goods by the Company in 2014.42. Other Income
2014 2013 Dividend income 63,616 39,135 Service center income 46,631 32,304 Operators remuneration for managing insurance operation 39,361 39,464 Interest income - current account 24,454 19,439 Printing insurance policy income 13,286 12,261 Investment management income 8,677 3,671 Income from penalties 3,185 19,921 Surplus underwriting income distribution 2,011 7,371 Others 77,524 57,311 Total 278,745 230,877 Others include service income, gain on sale of investment properties and property and equipment Notes 18 and 19, and other income. - 101 - PT SINAR MAS MULTIARTHA Tbk AND ITS SUBSIDIARIES Notes to Consolidated Financial Statements For the Years Ended December 31, 2014 and 2013 Figures are Presented in Millions of Rupiah,unless Otherwise Stated43. Insurance Underwriting Expenses
2014 2013 Gross claims 9,342,806 16,155,084 Reinsurance claims 752,680 129,168 Increase in liability for future policy benefits Note 25 649,466 2,117,408 Decrease in segregated fund contract liabilities - unit link 387,470 2,030,844 Commission - net 583,508 454,308 Increase in insurance contract liabilities 4,900 122,624 Increase in estimated claims liabilities Note 26 11,117 32,449 Other underwriting expense 64,790 48,212 Total 9,506,637 12,290,009 44. General and Administrative Expenses 2014 2013 Office appliances 301,532 236,547 Depreciation Notes 18 and 19 218,304 197,704 Marketing and advertising 172,992 120,829 Electricity, water, and telephone 179,719 158,903 Rental 108,512 113,158 Defined-benefit post employment expense Note 47 40,016 32,665 Professional fees 30,182 29,227 Others 58,393 44,799 Total 1,109,650 933,83245. Interest Expense and Profit Sharing
2014 2013 Saving Time deposits 394,912 257,970 Savings deposits 262,560 215,077 Current account 59,597 50,063 Securities Issued Medium term notes 89,167 101,267 Bonds 54,551 40,347 Loans received 78,786 83,634 Premiums on Government guarantee 31,455 27,640 Deposits and deposits from other banks 15,904 1,793 Others 2,787 1,131 Total 989,719 778,922 46. Other Expenses 2014 2013 Repairs and maintenance 113,517 87,617 Training and education 52,681 46,635 Direct costs of service center 17,851 16,317 Others 32,751 53,461 Total 216,800 204,030 Others consist of donation, fine, loss on sale of foreclosed properties and others. - 102 -Parts
» Penandatanganan Perjanjian Kerjasama Program Ainity antara Asuransi Sinar Mas dengan Columbia.
» Penandatanganan Kerjasama Coordination of Beneit CoB
» Penandatanganan Kerjasama Ainity dengan PT Abacus Distribution Systems.
» Signing of Cooperation Agreement Contra Bank
» Signing of Cooperation Ainity with PT Abacus Distribution Systems.
» Direct Billing Agreement between ASM Augusta Hospital, Germany
» Seminar Kesehatan SMMA 2014AR. SMMA 2014AR
» Direct Billing Agreement between ASM and Augusta Hospital, Germany
» Literasi Keuangan bagi warga masyarakat lingkungan
» Literasi Keuangan mengenai Jaminan Kesehatan Nasional dan Koordinasi Manfaat BPJS Kesehatan
» Literasi keuangan bagi nasabah asurani kecelakaan diri Larissa
» Financial Literacy for citizens ASM oice environment
» Financial Literacy on the National Health Insurance and Beneits Coordination BPJS
» Financial Literacy for customers asurani personal accident Larissa
» Fitch Ratings 2014 SMMA 2014AR. SMMA 2014AR
» Indonesia Brand Champion Award 2013
» PT. Asuransi Sinar Mas melalui Unit Syariahnya mendapatkan beberapa penghargaan yaitu :
» PT. Asuransi Sinar Mas through sharia Unit received several awards, namely:
» Indonesia Insurance Consumer Choice Award 2014
» Berita Foto Photo Description
» Penghargaan Award SMMA 2014AR. SMMA 2014AR
» Produk-produk perusahan ada 2 yaitu:
» Existing Branch Oices SMMA 2014AR. SMMA 2014AR
» The Company has 2 products, namely:
» Peristiwa Penting di tahun yang lalu
» Kinerja keuangan Perseroan di tahun Buku 2014 5. Signiicant Events in the previous year
» Company’s Financial Performance in 2014 Fiscal year
» Investor Best Syariah 2014 August
» Media Asuransi Insurance Award 2014 June
» Infobank Insurance Award 2014 August
» Infobank Sharia Insurance Award 2014 September
» Karim Consulting Indonesia The 10th Islamic Finance Award 2014 February
» Infobank Insurance Award Syariah 2014 September
» Karim Consulting Indonesia The 10th Islamic Finance Award 2014
» Establishment and General Information
» Public Offering of the Company’s Shares
» Employees, Directors and Commissioners
» Basis of Consolidated Financial Statements Preparation and Measurement
» Principles of Consolidation Summary of Significant Accounting and Financial Reporting Policies
» Accounting for Business Combination
» Foreign Currency Translation Summary of Significant Accounting and Financial Reporting Policies
» Transactions with Related Parties
» Minimum Liquidity Reserve Summary of Significant Accounting and Financial Reporting Policies
» Financial Instruments Summary of Significant Accounting and Financial Reporting Policies
» Securities Summary of Significant Accounting and Financial Reporting Policies
» Consumer Financing Receivables Summary of Significant Accounting and Financial Reporting Policies
» Lease Transactions Summary of Significant Accounting and Financial Reporting Policies
» Factoring Receivables Summary of Significant Accounting and Financial Reporting Policies
» Segregated Funds Net Assets and Contract Liabilities – Unit Link
» Loans Summary of Significant Accounting and Financial Reporting Policies
» Ijarah Assets Summary of Significant Accounting and Financial Reporting Policies
» Investments in Associates Summary of Significant Accounting and Financial Reporting Policies
» Investment Properties Summary of Significant Accounting and Financial Reporting Policies
» Property and Equipment Summary of Significant Accounting and Financial Reporting Policies
» Foreclosed Properties Summary of Significant Accounting and Financial Reporting Policies
» Prepaid Expenses Summary of Significant Accounting and Financial Reporting Policies
» Impairment of Non-Financial Assets
» Deposits and Deposits from Other Banks
» Insurance Contracts Summary of Significant Accounting and Financial Reporting Policies
» Loans Received Summary of Significant Accounting and Financial Reporting Policies
» Securities Issued Summary of Significant Accounting and Financial Reporting Policies
» Financial Guarantee Contracts Summary of Significant Accounting and Financial Reporting Policies
» Financial Assets Not Quoted in Active Market Allowance for Impairment of Financial Instruments
» Impairment of AFS Equity Investments Lease Commitmens
» Estimated Useful Lives of Investment Properties and Property and Equipment
» Time deposits Short-term Investments
» Placements with Bank Indonesia and other banks
» Segregated Funds Net Assets - Unit Link
» Securities Purchased Under Agreements to Resell Consumer Financing Receivables
» Net Investments in Finance Lease
» Factoring Receivables SMMA 2014AR. SMMA 2014AR
» Premiums and Reinsurance Receivables
» Loans SMMA 2014AR. SMMA 2014AR
» Acceptance Receivables and Payables Ijarah Assets
» Receivables From Brokers SMMA 2014AR. SMMA 2014AR
» Other Accounts Receivable SMMA 2014AR. SMMA 2014AR
» The Company’s Investments in Shares of Stock
» Subsidiaries’ investments in shares of stock
» Reinsurance Assets Property and Equipment
» Foreclosed Properties SMMA 2014AR. SMMA 2014AR
» Insurance Payable SMMA 2014AR. SMMA 2014AR
» Liability for Future Policy Benefits
» Unearned Premiums Estimated Claims Liability
» Payables To Brokers Taxes Payable
» Accrued Expenses Securities Issued
» Other Liabilities SMMA 2014AR. SMMA 2014AR
» Non Controlling Interests in Net Assets and Comprehensive Income Losses of the Subsidiaries
» Capital Stock SMMA 2014AR. SMMA 2014AR
» Additional Paid-in Capital - Net
» Other Equity Components SMMA 2014AR. SMMA 2014AR
» Cash Dividends SMMA 2014AR. SMMA 2014AR
» Insurance Underwriting Income SMMA 2014AR. SMMA 2014AR
» Interest Income and Profit Sharing
» Sales SMMA 2014AR. SMMA 2014AR
» Other Income SMMA 2014AR. SMMA 2014AR
» Insurance Underwriting Expenses Interest Expense and Profit Sharing
» Long Term Employee Benefits Liability
» Income Taxes SMMA 2014AR. SMMA 2014AR
» Earnings Per Share SMMA 2014AR. SMMA 2014AR
» Nature of Relationship and Transactions with Related Parties Nature of Relationship
» Net Monetary Assets and Liabilities Denominated in Foreign Currencies
» Fair Value of Financial Assets and Financial Liabilities
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