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2 LAPORAN TAHUNAN 2008 ANNUAL REPORT
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2 LAPORAN TAHUNAN 2008 ANNUAL REPORT
1 2 2 LAPORAN TAHUNAN 2008 ANNUAL REPORT3 4 4 LAPORAN TAHUNAN 2008 ANNUAL REPORT5 6 Rp juta Rp million Data per Saham (Rp) Per Share Data (Rp) Rasio-r...
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8
LAPORAN TAHUNAN
2008
ANNUAL REPORT
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10
LAPORAN TAHUNAN
2008
ANNUAL REPORT
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12
LAPORAN TAHUNAN
2008
ANNUAL REPORT
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
AVedgVcIV]jcVc'%%.6ccjVaGZedgi'(
24
LAPORAN TAHUNAN
2008
ANNUAL REPORT
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
AVedgVcIV]jcVc'%%.6ccjVaGZedgi',
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
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LAPORAN TAHUNAN
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
>c '%&%! V hZg^Zh d[ AZVYZgh]^e VcY Bdi^kVi^dc IgV^c^c\ Egd\gVbh l^aa WZXdbZ eVgi d[ i]Z =G 9^k^h^dcÉh eaVc [dg Ig^bZ\V]Éh hVaZh aZVYZgh VcY bVcV\Zgh#
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
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60
LAPORAN TAHUNAN
2008
ANNUAL REPORT
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
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70
LAPORAN TAHUNAN
2008
ANNUAL REPORT
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
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78
LAPORAN TAHUNAN
2008
ANNUAL REPORT
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LAPORAN TAHUNAN
2008
ANNUAL REPORT
9:L6C9>G:@H>
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83
LAPORAN TAHUNAN
2008
ANNUAL REPORT
9:L6C9>G:@H>
I=:7D6G9D;9>G:8IDGH
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85
LAPORAN TAHUNAN
2008
ANNUAL REPORT
@DB>I:6J9>I
I=:6J9>I8DBB>II::
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87
LAPORAN TAHUNAN
2008
ANNUAL REPORT
@DB>I:6J9>I
I=:6J9>I8DBB>II::
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89
LAPORAN TAHUNAN
2008
ANNUAL REPORT
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I]^h hiViZbZci ^h bVYZ Vh Vc ^ciZ\gViZY eVgi d[ EI Ig^bZ\V] HZXjg^i^Zh IW`#Éh 6ccjVa GZedgi [dg i]Z nZVg '%%.#
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6G'%%. 9Zh^bdc 9^gZ`ijg$9^gZXidg
PT TRIMEGAH SECURITIES Tbk
2008 ANNUAL REPORT LAPORAN TAHUNAN
=6A6B6C>C>H:C<6?69>@DHDC<@6C
I=>HE6<:>H>CI:CI>DC6AANA:;I7A6C@
AVedgVcIV]jcVc'%%.6ccjVaGZedgi..
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7DJ
A6EDG6C@:J6C<6C
;>C6C8>6AHI6I:B:CIH
102
LAPORAN TAHUNAN
2008
ANNUAL REPORT
R/077.AGA/5.1/03/10
PT TRIMEGAH SECURITIES Tbk NERACA Per 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah)
ASET
Catatan
2009 Rp
2008 Rp
2007 Rp
Kas dan Setara Kas 2.b, 2.c, 3 Deposito Berjangka 2.d, 4 Portofolio Efek: 2.g, 2.k, 5, 40 Diperdagangkan (termasuk keuntungan (kerugian) yang belum direalisasi sebesar (Rp 2.705.513), (Rp 4.380.380) dan Rp 22.504.565, masing-masing pada 31 Desember 2009, 2008 dan 2007) Tersedia Untuk Dijual (termasuk kerugian yang belum direalisasi sebesar Rp 96.919.552, Rp 60.136.179 dan Rp 4.750.815, masing-masing pada 31 Desember 2009, 2008 dan 2007) 7 Piutang Marjin - Pihak Ketiga 2.e, 2.i, 6 (setelah dikurangi penyisihan piutang ragu-ragu sebesar Rp 2.980.239, Rp 528.152 dan nihil, masing-masing pada 31 Desember 2009, 2008 dan 2007) Piutang Lembaga Kliring dan Penjaminan 2.e, 7 Piutang Perusahaan Efek 2.e, 2.i, 8 Piutang Nasabah: 2.e, 2.i, 9 Pihak Hubungan Istimewa 2.k, 40 Pihak Ketiga Piutang Karyawan 2.k, 10 Piutang Lain-lain 11 Pihak Hubungan Istimewa 2.k, 40 Pihak Ketiga Penyertaan Saham 2.h, 12 Pajak Dibayar di Muka 2.o, 13.a Aset Pajak Tangguhan - Bersih 2.o, 13.e Aset Tetap 2.j, 14 (Setelah dikurangi akumulasi penyusutan sebesar Rp 42.391.421, Rp 35.281.654 dan Rp 33.113.287 masingmasing pada 31 Desember 2009, 2008 dan 2007) Aset Lain-lain 15
146.042.020 14.983.975
377.882.942 4.911.073
148.281.934 4.841.540
89.576.178
10.933.956
305.777.711
271.693.355
405.243.621
113.579.809
221.990.496 47.188.571 --
57.390.843 21.224.308 100.023
889.268.138 84.947.213 --
9.429.632 65.925.850 1.232.748
2.562.223 12.309.552 1.033.142
8.735.495 68.884.500 1.580.295
-3.767.750 435.000 26.413.206 8.104.670
-6.919.062 435.000 23.080.701 8.260.343
7.915.312 5.560.168 435.000 -16.053.862
23.106.942 8.491.488
25.294.268 10.535.092
13.028.463 8.378.175
JUMLAH ASET
938.381.881
968.116.149
1.677.267.615
Lihat Catatan atas Laporan Keuangan yang merupakan bagian tidak terpisahkan dari Laporan ini
105
R/077.AGA/5.1/03/10
PT TRIMEGAH SECURITIES Tbk NERACA (Lanjutan) Per 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah)
KEWAJIBAN DAN EKUITAS
KEWAJIBAN Pinjaman j Bank Efek Dijual dengan Janji Beli Kembali Hutang Lembaga Kliring dan Penjaminan Hutang Nasabah: Pihak Hubungan Istimewa Pihak Ketiga Hutang Marjin - Pihak Ketiga Hutang Pajak Kewajiban Imbalan Kerja Biaya Masih Harus Dibayar dan Pencadangan Surat Hutang Jangka Pendek Hutang Obligasi Hutang Bunga Hutang Lain-lain Jumlah Kewajiban EKUITAS Modal Saham Modal Dasar - 13.600.000.000 Saham Nilai Nominal per Saham Rp 50 (Nilai Penuh) Modal Ditempatkan dan Disetor Penuh 3.655.000.000 Saham Tambahan Modal Disetor - Bersih Modal Saham Diperoleh Kembali Opsi Saham Penurunan Belum Direalisasi atas Perubahan Nilai Wajar Efek-efek Tersedia Dijual Saldo Laba: Telah Ditentukan Penggunaannya Belum Ditentukan Penggunaannya Jumlah Ekuitas
Catatan
2009 Rp
16 2.f, 17 2.e, 7 2.e, 18 2.k, 40
84.990.946 -3.286.631
--251.191
170.000.000 134.459.290 16.291.585
8.968.194 239.210.158 14.651.044 5.230.295 20.533.956 10.172.133 27.148.646 149.794.836 3.624.800 8.702.362 576.314.001
10.383.837 169.805.106 13.053.341 12.116.183 15.710.345 13.235.265 95.183.719 240.576.378 5.811.826 10.192.417 586.319.608
9.871.247 377.908.651 83.455.619 34.277.225 24.148.314 30.264.152 -339.438.136 8.428.534 6.307.605 1.234.850.358
182.750.000 644.975 (16.056.000) 11.163.903
182.750.000 644.975 (16.056.000) 4.933.284
182.750.000 644.975 (16.056.000) --
(96.919.552)
(60.136.179)
(4.750.815)
3.800.000 276.684.554 362.067.880
3.600.000 266.060.461 381.796.541
3.100.000 276.729.097 442.417.257
938.381.881
968.116.149
1.677.267.615
2.e, 19 2.o,13.b 2.q, 20 22 23 2.m, 2.t, 24 25
26 2.l, 27 2.s, 26 2.r, 21 2.g, 5
39
JUMLAH KEWAJIBAN DAN EKUITAS
Lihat Catatan atas Laporan Keuangan yang merupakan bagian tidak terpisahkan dari Laporan ini
106
2008 Rp
2007 Rp
R/077.AGA/5.1/03/10
PT TRIMEGAH SECURITIES Tbk LAPORAN LABA RUGI Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah) Catatan PENDAPATAN USAHA Komisi Perantara Perdagangan Efek Pendapatan Bunga - Bersih Jasa Manajemen Investasi Keuntungan (Kerugian) Perdagangan Efek - Bersih Jasa Penjaminan Emisi dan Penjualan Efek Jasa Penasehat Investasi Lain-lain Jumlah Pendapatan Usaha
2009 Rp
2008 Rp
2007 Rp
2.k, 2.n, 28, 40 2.n, 30 2.k, 2.n, 33, 40, 41 2.k, 2.n, 31, 40 2.n, 32 2.n, 29
87.098.656 33.389.722 45.995.722 5.721.699 14.082.332 1.950.000 273.089 188.511.220
101.846.395 101.938.887 62.172.944 (11.772.601) 32.767.709 378.636 1.546.358 288.878.328
128.784.538 91.206.589 63.490.053 42.394.883 15.072.235 1.120.000 211.492 342.279.790
34
82.040.547 13.042.050 7.778.510 7.584.735 7.532.731 6.932.961 6.230.619 7.422.805 2.452.087 1.545.911 1.390.229 792.503 708.170 695.164 4.460.347 150.609.369
104.672.050 10.547.715 18.105.793 5.557.627 7.322.286 17.556.781 4.933.284 7.885.506 528.152 2.945.136 2.105.286 756.247 1.154.082 2.170.626 7.111.085 193.351.656
130.652.947 7.323.560 14.555.515 3.590.860 6.046.655 7.796.582 -6.453.597 -2.173.166 2.047.707 916.554 1.147.172 1.984.443 3.507.007 188.195.765
37.901.851
95.526.672
154.084.025
19.063.569 198.933 (28.971.391) (1.311.912) (630.659) (11.651.460)
18.292.700 236.881 (71.419.328) 3.485.806 (616.575) (50.020.516)
12.204.245 611.400 (37.789.161) 221.130 (5.997.188) (30.749.574)
26.250.391
45.506.156
123.334.451
4.907.725 155.673 5.063.398
6.429.673 7.793.519 14.223.192
31.448.650 (3.833.172) 27.615.478
21.186.993
31.282.964
95.718.973
11 6
28 9
45 28
BEBAN USAHA Gaj a i dan Tunjangan Telekomunikasi Iklan dan Promosi Penyusutan Aset Tetap Sewa Kantor Beban Imbalan Kerjra - Bersih Kompensasi EMSOP Umum dan Administrasi Penyisihan Piutang Ragu-ragu Perjralanan Dinas Jasa Profesional Kustodian Jamuan dan Sumbangan Pelatihan dan Seminar Lain-lain Jumlah Beban Usaha
35 2.j, 14 2.q, 20 2.r, 21
LABA USAHA PENDAPATAN (BEBAN) LAIN-LAIN Pendapatan Bunga - Pihak Ketiga Laba atas Penjualan Aset Tetap Beban Bunga dan Keuangan Laba (Rugi) Selisih Kurs - Bersih Lain-lain - Bersih Jumlah Beban Lain-lain - Bersih
36 2.j 37 2.b
LABA SEBELUM PAJAK PENGHASILAN MANFAAT (BEBAN) PAJAK PENGHASILAN Kini Tangguhan Jumlah Beban Pajak Penghasilan - Bersih
2.o, 13.c
LABA BERSIH Laba Usaha per Saham - Dasar Laba Bersih per Saham - Dasar
2.p, 38 2.p, 38
Lihat Catatan atas Laporan Keuangan yang merupakan bagian tidak terpisahkan dari Laporan ini
107
108 -----644.975
-----182.750.000
5 2.r, 21 39
39
644.975
---
---
39 182.750.000
----
644.975
182.750.000 ----
---
---
39
5 2.r, 21 39
---
---
5 39
644.975
Rp
Rp 182.750.000
Tambahan Modal Disetor
Modal Saham
Lihat Catatan atas Laporan Keuangan yang merupakan bagian tidak terpisahkan dari Laporan ini
SALDO 31 DESEMBER 2009
Penurunan Belum Direalisasi atas Efek-efek yang Tersedia untuk Dijual - Bersih Opsi Saham Dividen Saldo Laba yang Telah Ditentukan Penggunaannya Laba Bersih
SALDO 31 DESEMBER 2008
Penurunan Belum Direalisasi atas Efek-efek yang Tersedia untuk Dijual - Bersih Opsi Saham Dividen Saldo Laba yang Telah Ditentukan Penggunaannya Laba Bersih
SALDO 31 DESEMBER 2007
Penurunan Belum Direalisasi atas Efek-efek yang Tersedia untuk Dijual - Bersih Dividen Saldo Laba yang Telah Ditentukan Penggunaannya Laba Bersih
SALDO 31 DESEMBER 2006
Catatan
LAPORAN PERUBAHAN EKUITAS Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah)
PT TRIMEGAH SECURITIES Tbk
(16.056.000)
---
----
(16.056.000)
---
----
(16.056.000)
---
---
(16.056.000)
Rp
Modal Saham Diperoleh Kembali
--
---
---
--
11.163.903
---
-6.230.619 --
4.933.284
---
-4.933.284 --
Rp
Opsi Saham
(96.919.552)
---
(36.783.373) ---
(60.136.179)
---
(55.385.364) ---
(4.750.815)
---
(5.332.863) --
582.048
Kenaikan (Penurunan) Belum Direalisasi atas Perubahan Nilai Waj a ar Efek-efek Tersedia Dijual Rp
3.800.000
200.000 --
----
3.600.000
500.000 --
----
3.100.000
500.000 --
---
2.600.000
Rp
362.067.880
-21.186.993
(36.783.373) 6.230.619 (10.362.900)
381.796.541
-31.282.964
(55.385.364) 4.933.284 (41.451.600)
442.417.257
-95.718.973
(5.332.863) (34.543.000)
386.574.147
March 28, 2010
FINAL
276.684.554
(200.000) 21.186.993
--(10.362.900)
266.060.461
(500.000) 31.282.964
--(41.451.600)
276.729.097
(500.000) 95.718.973
-(34.543.000)
216.053.124
Saldo Laba Telah Ditentukan Belum Ditentukan Penggunaannya Penggunaannya Rp Rp
Jumlah Ekuitas
R/077.AGA/5.1/03/10
R/077.AGA/5.1/03/10
PT TRIMEGAH SECURITIES Tbk LAPORAN ARUS KAS Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah) Catatan
ARUS KAS DARI AKTIVITAS OPERASI Peenerimaan Komisi Perantara Pedagang Efek Peenerimaan Jasa Penasehat Investasi, Penjamin Emisi dan Penjualan dan Manajer Investasi Peenerimaan Penghasilan Bunga Peenerimaan atas Efek Diperdagangkan Peenerimaan dari (Pembayaran kepada) Nasabah, Bersih Peenerimaan dari (Pembayaran kepada) Lembaga Kliring dan Penjaminan, Bersih Peenjualan Reverse Repo , Bersih Peenerimaan dari (Pembayaran kepada) Peerusahaan Efek, Bersih Peenerimaan dari (Pembayaran kepada) Naasabah Margin, Bersih Peenjualan (Pembelian) Portofolio Efek, Bersih Peembayaran kepada Pemasok dan Karyawan Peembayaran Paj a ak Penghasilan Taagihan Derivatif Peenerimaan (Pembayaran) Lainnya, Bersih Kas Bersih Diperoleh dari (Digunakan untuk) Aktivitas Operasi ARUS KAS DARI AKTIVITAS INVESTASI Peenerimaan Bunga Peencairan Deposito Berjrangka Haasil Penjualan Aset Tetap Peenempatan Deposito Berjrangka Peembelian Aset Tetap Kas Bersih Diperoleh dari (Digunakan untuk) Aktivitas Investasi
2009 Rp
2008 Rp
2007 Rp
87.098.656
101.846.395
128.784.538
60.278.072 35.613.292 5.464.948 5.514.662
101.773.343 101.404.526 14.905.393 (145.431.023)
75.901.148 92.443.799 52.683.878 176.032.266
(22.684.158) --
47.431.319 (134.459.290)
(53.606.895) 134.459.290
(151.168)
151.168
857.514
(165.454.036) 18.381.421 (129.616.095) (5.690.844) -(4.622.126)
760.946.864 (78.883.414) (204.935.236) (44.699.684) -2.869.232
(449.085.649) (264.118.705) (150.504.310) (11.373.247) 153.000 1.243.099
(115.867.376)
522.919.593
(266.130.274)
15.140.374 26.049.500 472.620 (36.049.500) (5.671.096)
14.571.883 691.140 247.983 (691.140) (17.834.534)
11.627.249 115.560.150 611.394 (97.000.000) (6.026.699)
(58.102)
(3.014.668)
24.772.094
Lihat Catatan atas Laporan Keuangan yang merupakan bagian tidak terpisahkan dari Laporan ini
109
FINAL March 28, 2010
R/077.AGA/5.1/03/10
PT TRIMEGAH SECURITIES Tbk LAPORAN ARUS KAS (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah) Catatan
ARUS KAS DARI AKTIVITAS PENDANAAN Peenerbitan Surat Hutang Jangka Pendek Peenerimaan Pinjaman Bank Peembayaran Pinjaman Bank Peembayaran Surat Hutang Jangka Pendek Haasil Penerbitan Hutang Obligasi Biaaya Penerbitan Obligasi Peelunasan Obligasi Peembayaran Bunga Peembayaran Dividen Kas Bersih Diperoleh dari (Digunakan untuk) Aktivitas Pendanaan
2009 Rp
2008 Rp
2007 Rp
25.640.440 84.990.946 -(97.450.000) --(91.350.000) (27.383.930) (10.362.900)
302.875.420 -(170.000.000) (223.250.000) --(100.000.000) (58.477.737) (41.451.600)
130.541.023 65.611.564 -(213.950.000) 300.000.000 (2.444.462) -(23.267.861) (34.543.000)
(115.915.444)
(290.303.917)
221.947.264
(231.840.922)
229.601.008
(19.410.916)
KAS DAN SETARA KAS PADA AWAL TAHUN
377.882.942
148.281.934
167.692.850
KAS DAN SETARA KAS PADA AKHIR TAHUN
146.042.020
377.882.942
148.281.934
126.000 145.916.020 --
129.000 377.753.942 --
114.500 136.107.285 12.060.149
146.042.020
377.882.942
148.281.934
23 24 24 24
KENAIKAN (PENURUNAN) BERSIH KAS DAN SETARA KAS K
Kas dan Setara Kas Pada Akhir Tahun terdiri dari: Kas Bank Deposito
3
Jumlah
Lihat Catatan atas Laporan Keuangan yang merupakan bagian tidak terpisahkan dari Laporan ini
110
FINAL March 28, 2010
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) 1. Umum 1.a. Pendirian Perusahaan PT Trimegah Securities Tbk (dahulu PT Trimegah Securindolestari) ("Perusahaan") didirikan berdasarkan akta No. 64 tanggal 9 Mei 1990 yang dibuat dihadapan Rachmat Santoso, S.H., notaris di Jakarta, dengan nama PT Trimulya Securindolestari. Akta pendirian ini telah diubah dengan akta No. 227 tanggal 28 Mei 1990 dari notaris yang sama dan telah disahkan oleh Menteri Kehakiman Republik Indonesia dengan Surat Keputusannya No. C2-3353.HT.01.01.TH.90 tanggal 7 Juni 1990 serta diumumkan dalam Berita Negara Republik Indonesia No. 80 tanggal 5 Oktober 1990, Tambahan No. 3832. Anggaran Dasar Perusahaan telah mengalami beberapa kali perubahan, terakhir dengan akta No. 92 tanggal 24 Juni 2008 dari Fathiah Helmi, S.H., notaris di Jakarta, mengenai penyesuaian dengan Undang-undang No. 40 Tahun 2007. Laporan akta perubahan anggaran dasar tersebut disetujui oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dengan Keputusan No. AHU-66636.AH.01.02.Tahun 2008 tanggal 22 September 2008. Perusahaan berdomisili di Jakarta dan berkantor pusat di Gedung Artha Graha Jalan Jenderal Sudirman Kav. 52-53 dengan kantor cabang di Mangga Dua -Jakarta, Pluit - Jakarta, Kelapa Gading - Jakarta, Kebon Jeruk Jakarta, Semarang - Jawa Tengah, Solo - Jawa Tengah, Surabaya - Jawa Timur, Denpasar - Bali, Medan Sumatera Utara, Bandung - Jawa Barat, Makassar - Sulawesi Selatan, Malang - Jawa Timur, Pekan Baru Riau, Palembang - Sumatera Selatan dan kantor perwakilan Balikpapan - Kalimantan Timur, Daerah Istimewa Yogyakarta, dan Cirebon - Jawa Barat. Sesuai dengan pasal 3 Anggaran Dasar Perusahaan, ruang lingkup kegiatan Perusahaan meliputi perantara pedagang efek, manajer investasi/penasehat investasi dan penjamin emisi efek. Perusahaan mulai beroperasi secara komersial pada tahun 1990. Perusahaan memperoleh izin usaha sebagai perantara pedagang efek, penjamin emisi efek dan manajer investasi dari Ketua Badan Pengawas Pasar Modal (BAPEPAM, sekarang ”BAPEPAM-LK") masing-masing berdasarkan Surat Keputusan No. KEP-252/PM/1992 tanggal 2 Mei 1992, No. KEP-27/PM/1993 tanggal 18 September 1993 dan No. KEP-02/PM-MI/1994 tanggal 20 April 1994. Berdasarkan surat No. Peng-356/BEJ.ANG/12-1999 tanggal 23 Desember 1999 dari PT Bursa Efek Jakarta (sekarang PT Bursa Efek Indonesia ("BEI")), Perusahaan memperoleh izin untuk melakukan transaksi marjin. 1.b. Komisaris, Direksi dan Karyawan Susunan anggota Dewan Komisaris dan Dewan Direksi Perusahaan pada tanggal 31 Desember 2009, 2008 dan 2007 adalah sebagai berikut: 2009
2008
2007
Komisaris Utama Komisaris Independen
: :
Philip S. Purnama Sumantri Slamet
Philip S. Purnama Sumantri Slamet
Philip S. Purnama Sumantri Slamet
Direktur Utama Direktur Direktur Direktur
: : : :
Avi Y. Dwipayana Karman Pamurahardjo Rosinu Desimon
Avi Y. Dwipayana Karman Pamurahardjo Rosinu Desimon
Avi Y. Dwipayana Yulian Kusuma Kwee Rosinu Desimon
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PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) Susunan komite audit Perusahaan pada tanggal 31 Desember 2009, 2008, dan 2007 adalah sebagai berikut: 2009 Ketua Anggota Anggota
: : :
Sumantri Slamet Achmad Sofyan Didi Susetyo
2008 Sumantri Slamet Achmad Sofyan Didi Susetyo
2007 Sumantri Slamet Mulyo Sutrisno H. Parman Zuharman Djakaria
Pada tanggal 31 Desember 2009, 2008 dan 2007, Perusahaan memiliki masing-masing 283, 287 dan 253 karyawan tetap (tidak diaudit). 1.c. Penawaran Umum Saham dan Obligasi Perusahaan Penawaran Umum Saham Pada tanggal 28 Desember 1999, Perusahaan memperoleh pernyataan efektif dari Ketua BAPEPAM-LK melalui surat No. S/2681/PM/1999 untuk melakukan penawaran umum atas 50.000.000 saham Perusahaan dengan nilai nominal Rp 500 (nilai penuh) per saham dengan harga penawaran Rp 2.000 (nilai penuh) per saham kepada masyarakat. Perusahaan mencatatkan seluruh sahamnya pada Bursa Efek Jakarta dan Bursa Efek Surabaya masing-masing pada tanggal 28 Januari 2000 dan 1 Februari 2000 berdasarkan surat No. S-170/BEJ.CAT/01-2000 dan 001/EMT/LIST/BES/II/2000. Pada tanggal 3 April 2000, Perusahaan melakukan pemecahan nilai nominal saham dari Rp 500 (nilai penuh) per saham menjadi Rp 50 (nilai penuh) per saham. Pada tanggal 5 Juni 2000, Perusahaan mengeluarkan 1.400.000.000 saham bonus yang berasal dari kapitalisasi agio saham hasil penawaran umum saham perdana. Pada tanggal 6 dan 7 Juni 2000 saham bonus tersebut dicatatkan masing-masing pada Bursa Efek Surabaya dan Bursa Efek Jakarta (sekarang Bursa Efek Indonesia). Sebelum pernyataan pendaftaran dalam rangka Penawaran Umum efektif, Perusahaan telah menerbitkan sejumlah 15.000.000 waran atas nama Koperasi Karyawan Perusahaan berdasarkan Akta Pernyataan Waran Nomor 34 tanggal 12 November 1999, yang dibuat dihadapan Fathiah Helmi, S.H., notaris di Jakarta, yang untuk selanjutnya waran tersebut akan diberikan secara cuma-cuma kepada karyawan Perusahaan secara bertahap setiap tahun berdasarkan formula pemberian waran. Setiap pemegang satu waran berhak membeli satu saham biasa atas nama dengan harga pelaksanaan sebesar Rp 500 (nilai penuh) per saham. Perubahan karena pemecahan nilai nominal saham dari Rp 500 (nilai penuh) per saham menjadi Rp 50 (nilai penuh) per saham dan pembagian saham bonus (lihat Catatan 27) dari agio saham menyebabkan jumlah waran berubah dari 15.000.000 waran menjadi 255.000.000 waran. Pada tanggal 31 Desember 2006 seluruh waran telah dikonversi menjadi saham. Pada tanggal-tanggal 31 Desember 2009, 2008 dan 2007 jumlah saham yang telah tercatat pada BEI masingmasing berjumlah 3.655.000.000 saham, dimana sejumlah 200.700.000 saham merupakan modal saham diperoleh kembali (lihat Catatan 26). Penawaran Umum Obligasi Pada tanggal 30 Juni 2004, Perusahaan memperoleh pernyataan efektif dari BAPEPAM-LK berdasarkan Surat No. S-1980/PM/2004 untuk melakukan penawaran umum atas Obligasi I PT Trimegah Securities Tbk Tahun 2004 dengan tingkat bunga tetap sebesar Rp 300.000.000 (lihat Catatan 24). Sedangkan pada tanggal 29 Juni 2007, Perusahaan memperoleh pernyataan efektif dari BAPEPAM-LK berdasarkan surat No. S-3239/BL/2007 untuk melakukan penawaran umum atas Obligasi II PT Trimegah Securities Tbk Tahun 2007 dengan tingkat bunga tetap sebesar Rp 300.000.000 (lihat Catatan 24).
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PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) 2.
Ikhtisar Kebijakan Akuntansi 2.a. Dasar Pengukuran dan Penyusunan Laporan Keuangan Laporan keuangan disajikan seusai dengan Pernyataan Standar Akuntansi Keuangan ("PSAK") No. 42 tentang "Akuntansi Perusahaan Efek" dan prinsip-prinsip lainnya yang berlaku umum sebagaimana diterbitkan oleh Ikatan Akuntan Indonesia dan sesuai dengan Peraturan BAPEPAM-LK No. VIII.G.7 Lampiran Keputusan BAPEPAM-LK No. KEP-06/PM/2000 tanggal 13 Maret 2000 tentang Pedoman Penyajian Laporan Keuangan, yang telah diperbaharui dengan Surat Edaran BAPEPAM No. 02/PM/2002 tanggal 27 Desember 2002 tentang Pedoman Penyajian dan Pengungkapan Laporan Keuangan Emiten atau Perusahaan Publik. Laporan keuangan disajikan dalam ribuan Rupiah kecuali dinyatakan lain, telah disusun berdasarkan konsep akuntansi biaya historis dan dasar akrual, kecuali untuk laporan arus kas dan beberapa akun tertentu yang disajikan berdasarkan penilaian lain seperti dijelaskan dalam kebijakan akuntansi masing-masing akun yang bersangkutan. Laporan arus kas disusun dengan menggunakan metode langsung dengan mengelompokkan arus kas dalam aktivitas operasi, investasi dan pendanaan. 2.b. Transaksi dan Saldo dalam Mata Uang Asing Perusahaan menyelenggarakan pencatatan akuntansi dalam mata uang Rupiah. Transaksi dalam mata uang asing dijabarkan dalam Rupiah dengan nilai kurs yang berlaku pada tanggal transaksi. Pada tanggal neraca, seluruh aset dan kewajiban moneter dalam mata uang asing dijabarkan ke dalam Rupiah dengan menggunakan kurs tengah yang ditetapkan oleh Bank Indonesia pada tanggal tersebut. Laba atau rugi selisih kurs yang timbul diakui pada laporan laba rugi tahun berjalan. Per 31 Desember 2009, 2008 dan 2007, kurs mata uang asing terhadap Rupiah yang digunakan adalah sebagai berikut (dalam Rupiah penuh): 2009 1 Dolar Amerika Serikat
2008 9.400
2007 10.950
9.419
2.c. Setara Kas Setara kas merupakan deposito yang jangka waktunya sama atau kurang dari 3 (tiga) bulan sejak tanggal penempatan dan tidak dijadikan jaminan serta tidak ada pembatasan dalam pencairannya. 2.d. Deposito Berjangka Deposito berjangka baik yang dijaminkan untuk pinjaman bank maupun yang tidak dijaminkan dinyatakan sebesar nilai nominal. 2.e. Transaksi Efek Transaksi pembelian dan penjualan efek baik untuk nasabah (transaksi perantara perdagangan efek) maupun untuk sendiri diakui pada saat timbulnya perikatan. Pembelian efek baik untuk nasabah reguler maupun nasabah marjin dicatat sebagai piutang nasabah atau piutang marjin dan hutang kepada Lembaga Kliring dan Penjaminan ("LKP"). Sedangkan penjualan efek baik untuk nasabah reguler maupun nasabah marjin dicatat sebagai hutang nasabah atau hutang marjin dan piutang LKP. Penerimaan dana dari nasabah pemilik rekening dalam rangka pembelian efek, pembayaran dan penerimaan atas transaksi pembelian dan penjualan efek untuk nasabah pemilik rekening dicatat dalam rekening nasabah. Saldo kelebihan dana pada rekening nasabah disajikan di neraca sebagai kewajiban sedangkan saldo kekurangan dana pada rekening nasabah disajikan sebagai aset. Transaksi dengan LKP disajikan pada posisi bersih harian.
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PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) 2.f. Transaksi Jual Efek dengan Janji dibeli Kembali (repo) Efek yang dijual dengan janji dibeli kembali (repo) disajikan sebagai kewajiban sebesar harga pembelian kembali yang disepakati dikurangi beban bunga yang belum direalisasi. Beban bunga yang belum direalisasi merupakan selisih antara harga jual dan harga beli kembali yang disepakati tersebut dan diakui sebagai beban bunga selama jangka waktu sejak efek dijual hingga dibeli kembali. Efek yang dijual tetap dicatat sebagai aset dalam neraca karena secara substansi kepemilikan efek tetap berada pada pihak Perusahaan sebagai penjual. 2.g. Portofolio Efek Investasi pada efek hutang dan ekuitas terdiri dari obligasi, saham dan waran yang terdaftar pada bursa efek, reksadana dan surat hutang jangka pendek. Investasi pada efek hutang dan ekuitas yang dimiliki oleh Perusahaan diklasifikasikan berdasarkan tujuan manajemen pada saat perolehan, sebagai berikut: x Efek hutang dan ekuitas yang tujuan investasinya untuk diperdagangkan ("trading') disajikan sebesar nilai wajarnya. Keuntungan atau kerugian yang belum direalisasi akibat kenaikan atau penurunan nilai wajarnya disajikan dalam laporan laba rugi tahun yang bersangkutan. Atas penjualan efek hutang dan ekuitas untuk diperdagangkan, perbedaan antara harga jual dengan nilai tercatat diakui sebagai keuntungan atau kerugian terealisasi pada saat penjualan. x Efek hutang yang tujuan investasinya untuk dimiliki hingga jatuh tempo ("held to maturity') disajikan sebesar biaya perolehan yang disesuaikan dengan premi dan/atau diskonto yang belum diamortisasi. Premi dan diskonto diamortisasi dengan menggunakan metode garis lurus. Bila terjadi penurunan nilai wajar di bawah biaya perolehan (termasuk amortisasi premi dan/atau diskonto) yang bersifat permanen, maka biaya perolehan efek individual diturunkan menjadi sebesar nilai wajarnya, dan jumlah penurunan tersebut dibebankan pada laba rugi tahun berjalan. x Efek hutang dan ekuitas yang tujuan investasinya tersedia untuk dijual ("available for sale') disajikan sebesar nilai wajarnya. Keuntungan atau kerugian yang belum direalisasi akibat kenaikan atau penurunan nilai wajarnya, setelah dikurangi pajak, diakui dan dicatat sebagai komponen ekuitas. Keuntungan atau kerugian tersebut, setelah dikurangi pajak akan dilaporkan dalam laporan laba rugi tahun berjalan pada saat penjualan (realisasi). x Portofolio efek unit penyertaan reksadana yang diperoleh dalam rangka pendirian reksadana disajikan sebesar biaya perolehan. Biaya perolehan tersebut akan disesuaikan apabila nilai aktiva bersih ("NAB") unit penyertaan reksadana mengalami penurunan secara signifikan dan permanen. Untuk portofolio efek yang diperdagangkan secara aktif di pasar keuangan yang terorganisasi, nilai wajar umumnya ditentukan dengan mengacu pada harga penawaran pasar yang terjadi di bursa portofolio efek pada hari bursa terakhir pada tanggal neraca. Investasi reksa dana disajikan sebesar nilai aktiva bersih reksadana tersebut pada tanggal neraca yang dihitung oleh bank kustodian. Untuk portofolio efek yang tidak mempunyai harga penawaran pasar, estimasi atas nilai wajar portofolio efek ditetapkan dengan mengacu pada nilai wajar instrumen lain yang substansinya sama atau dihitung berdasarkan arus kas yang diharapkan dari aktiva bersih yang mendasari portofolio efek tersebut. Harga pokok efek yang dijual ditentukan berdasarkan metode first in, first-out. Pemindahan efek ke kelompok dimiliki hingga jatuh tempo dari tersedia untuk dijual dicatat sebesar nilai wajarnya. Laba atau rugi yang belum direalisasi tetap dilaporkan dalam komponen ekuitas dan diamortisasi dengan metode garis lurus selama sisa umur efek tersebut. Pemindahan efek ke kelompok dimiliki hingga jatuh tempo dari diperdagangkan dicatat sebesar nilai wajarnya, yang dianggap sebagai biaya perolehan dari efek tersebut. Pemindahan efek ke kelompok tersedia untuk dijual dari dimiliki hingga jatuh tempo dicatat sebesar nilai wajarnya. Laba atau rugi yang belum direalisasi pada tanggal transfer diakui dalam komponen ekuitas secara terpisah. Penyisihan penghapusan aset dan kenaikan/penurunan nilai pasar disajikan sebagai penambah/pengurang terhadap nilai efek-efek. 114
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) 2.h. Penyertaan Saham Penyertaan dalam bentuk saham dengan pemilikan kurang dari 20% yang nilai wajarnya tidak tersedia dan dimaksudkan untuk penyertaan jangka panjang dinyatakan sebesar biaya perolehan (metode biaya). Bila terjadi penurunan nilai yang bersifat permanen, nilai tercatat penyertaan dalam bentuk saham tersebut dikurangi untuk mengakui penurunan tersebut yang ditentukan untuk setiap investasi secara individu dan kerugiannya dibebankan pada laba rugi tahun berjalan. 2.i. Penyisihan Piutang Ragu-ragu Penyisihan piutang ragu-ragu untuk piutang marjin, piutang perusahaan efek, dan piutang nasabah dibuat berdasarkan hasil penelaahan manajemen terhadap kolektibilitas akun masing-masing piutang pada tanggal neraca. Penyisihan piutang ragu-ragu akan dihapus bukukan pada saat manajemen berpendapat bahwa piutang tersebut tidak dapat ditagih. Penyisihan ataupun penghapusan piutang tidak menghilangkan hak tagih kepada masing-masing debitur. 2.j. Aset Tetap Sebelum tanggal 1 Januari 2008, aset tetap dinyatakan sebesar biaya perolehan dikurangi akumulasi penyusutan dan rugi penurunan nilai. Sejak tanggal 1 Januari 2008, Perusahaan menerapkan PSAK No. 16 (Revisi 2007), "Aset Tetap", yang menggantikan PSAK No, 16 (1994), "Aktiva Tetap dan Aktiva Lain-lain" dan PSAK No. 17 (1994), "Akuntansi Penyusutan", dimana Perusahaan telah memilih model biaya sebagai kebijakan akuntansi pengukuran atas aset tetap. Penerapan PSAK revisi ini tidak menimbulkan dampak yang signifikan terhadap laporan keuangan Perusahaan. Aset tetap dinyatakan sebesar biaya perolehan dikurangi akumulasi penyusutan dan rugi penurunan nilai. Biaya perolehan termasuk biaya penggantian bagian aset tetap saat biaya tersebut terjadi, jika memenuhi kriteria pengakuan. Selanjutnya, pada saat inspeksi yang signifikan dilakukan, biaya inspeksi itu diakui ke dalam jumlah tercatat ("carrying amount') aset tetap sebagai suatu penggantian jika memenuhi kriteria pengakuan. Semua biaya pemeliharaan dan perbaikan yang tidak memenuhi kriteria pengakuan diakui dalam laporan laba rugi pada saat terjadinya. Aset tetap, kecuali tanah, disusutkan sejak bulan ketika aset tersebut digunakan berdasarkan taksiran masa manfaat aset tetap sebagai berikut: Tahun 20 5 5 5
Bangunan Renovasi gedung sewa Kendaraan bermotor Perabot dan peralatan kantor Tanah dicatat berdasarkan biaya perolehan dan tidak disusutkan.
Nilai yang dapat diperoleh kembali atas aset diestimasi apabila terdapat peristiwa atau perubahan keadaan yang memberikan indikasi bahwa nilai perolehan mungkin tidak sepenuhnya dapat diperoleh kembali. Apabila terjadi penurunan nilai aset, maka kerugian atas penurunan nilai aset diakui pada laporan laba rugi tahun berjalan. Pada setiap akhir tahun buku, nilai residu, umur manfaat dan metode penyusutan di-review, dan jika sesuai dengan keadaan, disesuaikan secara prospektif. Aset tetap dihentikan pengakuannya pada saat pelepasan atau tidak ada manfaat ekonomis dimasa yang akan datang diharapkan dari penggunaan atau pelepasannya. Laba dan rugi yang muncul dari penghentian pengakuan aset tetap (diperhitungkan sebagai selisih antara nilai tercatat aset dan hasil penjualan bersih) dimasukkan pada laporan laba rugi tahun yang bersangkutan. 2.k. Saldo dan Transaksi dengan Pihak yang Mempunyai Hubungan Istimewa Perusahaan melakukan transaksi dengan pihak-pihak tertentu yang mempunyai hubungan istimewa sebagaimana didefinisikan dalam PSAK No. 7 (pengungkapan transaksi dengan pihak yang mempunyai hubungan istimewa). 115
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) Semua transaksi dan saldo dengan pihak-pihak terkait baik dilakukan atau tidak dilakukan dengan syarat normal, sebagaimana dilakukan dengan pihak yang tidak terkait diungkapkan dalam Catatan 40. Karyawan, selain karyawan kunci, tidak dikelompokkan sebagai pihak terkait. 2.l. Biaya Emisi Saham Biaya-biaya yang dikeluarkan dalam rangka penawaran umum saham kepada masyarakat disajikan sebagai pengurang akun tambahan modal disetor dan tidak diamortisasi. 2.m. Biaya Emisi Obligasi Biaya yang terjadi sehubungan dengan penerbitan hutang obligasi ditangguhkan dan diamortisasikan selama periode hutang obligasi tersebut dan saldo biaya yang belum diamortisasi disajikan sebagai pengurang dari saldo hutang obligasi. 2.n. Pengakuan Pendapatan dan Beban Pendapatan Pendapatan komisi perdagangan efek baik untuk nasabah regular maupun marjin dan pendapatan dari jasa lainnya diakui pada saat terjadinya transaksi. Pendapatan bunga yang terkait dengan transaksi marjin diakui atas dasar akrual. Pendapatan dari jasa manajemen investasi dan jasa penasehat investasi diakui pada saat jasa diberikan sesuai dengan ketentuan dalam kontrak. Keuntungan (kerugian) dari perdagangan efek meliputi keuntungan (kerugian) yang timbul dari penjualan efek dan keuntungan (kerugian) yang belum direalisasi akibat kenaikan (penurunan) nilai wajar portofolio efek. Jasa penjaminan emisi efek diakui pada saat aktivitas penjaminan emisi secara substansi telah selesai dan jumlah pendapatan telah dapat ditentukan. Pendapatan dividen dari portofolio efek diakui pada saat perusahaan investee mengumumkan pembayaran dividen (ex-dividend dates). Beban Beban yang timbul sehubungan dengan proses penjaminan emisi diakumulasikan dan dibebankan pada saat pendapatan penjaminan emisi diakui. Pada saat diketahui bahwa kegiatan penjaminan emisi tidak diselesaikan dan emisi efek dibatalkan, maka beban penjaminan emisi tersebut dibebankan pada laba rugi. Beban yang terjadi sehubungan dengan perdagangan efek untuk nasabah regular maupun marjin, manajemen investasi dan penasehat investasi diakui pada saat transaksi terjadi. Beban lainnya diakui atas dasar akrual. 2.o. Perpajakan Beban pajak kini ditetapkan berdasarkan taksiran laba kena pajak tahun berjalan. Aset dan kewajiban pajak tangguhan diakui atas perbedaan temporer antara aset dan kewajiban untuk tujuan komersial dan untuk tujuan perpajakan setiap tanggal pelaporan. Manfaat pajak di masa mendatang, sepertisaldo rugi fiskal yang belum digunakan, diakui sejauh besar kemungkinan realisasi atas manfaat pajak tersebut. Aset dan kewajiban pajak tangguhan diukur pada tarif pajak yang diharapkan akan digunakan pada periode ketika aset direalisasi atau ketika kewajiban dilunasi berdasarkan tarif pajak (dan peraturan perpajakan) yang berlaku atau secara substansial telah diberlakukan pada tanggal neraca. Perubahan nilai tercatat aset dan kewajiban pajak tangguhan yang disebabkan oleh perubahan tarif pajak dibebankan pada tahun berjalan, kecuali untuk transaksi-transaksi yang sebelumnya telah langsung dibebankan atau dikreditkan ke ekuitas. Perubahan terhadap kewajiban perpajakan diakui pada saat Surat Ketetapan Pajak ("SKP") diterima atau, jika Perusahaan mengajukan keberatan, pada saat keputusan atas keberatan tersebut telah ditetapkan. 116
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) 2.p. Laba per Saham Laba per saham dasar dihitung dengan membagi laba bersih dengan jumlah rata-rata tertimbang saham yang beredar pada tahun yang bersangkutan. Laba per saham dilusian dihitung dengan membagi laba bersih dengan rata-rata tertimbang saham yang beredar pada tahun yang bersangkutan yang disesuaikan dengan mengasumsikan konversi seluruh potensi saham yang bersifat dilutif sejak tanggal potensi saham tersebut diterbitkan. 2.q. Imbalan Kerja Perusahaan mengakui kewajiban imbalan kerja karyawan yang tidak didanai berdasarkan Undang-undang Tenaga Kerja No. 13/2003 tanggal 25 Maret 2003 ("UUTK") dan ketentuan dalam Perjanjian Kerja Bersama ("PKB"). Kewajiban imbalan kerja ini diperhitungkan dengan membandingkan manfaat yang akan diterima karyawan pada usia pensiun normal dari UUTK dibandingkan dengan manfaat yang akan diterima dariDana Pensiun Lembaga Keuangan (“DPLK”). Jika manfaat UUTK Iebih besar dari DPLK, maka Perusahaan akan mengakui tambahan beban imbalan kerja. Biaya imbalan kerja menurut UUTK ditentukan dengan metode penilaian aktuarial projected unit credit. Keuntungan dan kerugian aktuarial diakui sebagai penghasilan atau beban apabila akumulasi keuntungan dan kerugian aktuarial bersih yang belum diakui pada akhir periode pelaporan sebelumnya melebihi jumlah 10% dari nilai kini imbalan pasti pada tanggal tersebut. Bagian dari keuntungan dan kerugian diakui secara garis lurus sepanjang perkiraan sisa rata-rata masa kerja dari para pekerja. Selanjutnya, biaya jasa lalu yang timbul saat perkenalan program imbalan pasti atau saat perubahan imbalan terutang pada program imbalan pasti yang ada harus diamortisasi selama periode sampai dengan imbalan tersebut menjadi hak pekerja. Perusahaan membentuk dana pensiun iuran pasti untuk karyawan melalui Dana Pensiun Lembaga Keuangan Manulife ("DPLK"). Program ini diperuntukkan untuk karyawan tetap, yang mana Perusahaan berkewajiban memberikan kontribusi sebesar minimal 3% dari gaji pokok bulanan sedangkan selain daripada itu karyawan dapat melakukan kontribusi sebesar 3% dari gaji pokok bulanan. Perusahaan juga melakukan akrual atas beban imbalan kerja menurut UUTK. 2.r. Program Pemilikan Saham oleh Karyawan dan Manajemen (EMSOP Trimegah) Perusahaan memberikan opsi saham kepada manajemen dan karyawan berdasarkan kriteria tertentu. Jumlah biaya kompensasi saham dihitung pada tanggal diberikannya opsi saham (grant date) dengan menggunakan nilai wajar dari opsi saham tersebut. Beban kompensasi diakui selama periode opsi saham berdasarkan program hak bertingkat (graded vesting). Beban kompensasi yang timbul sehubungan dengan pelaksanaan program pemilikan saham oleh karyawan dan manajemen (EMSOP) diakui pada saat hak opsi diberikan kepada manajemen sebesar nilai wajar hak opsi tersebut sesuai dengan PSAK No. 53, "Akuntansi Kompensasi Berbasis Saham". Nilai wajar dari opsi saham tersebut dinilai berdasarkan pada laporan hasil penilaian oleh konsultan independen dengan menggunakan metode penentuan harga opsi modified black-scholes. 2.s. Modal Saham diperoleh Kembali Perolehan kembali modal saham yang telah diterbitkan oleh Perusahaan dicatat dengan menggunakan metode biaya (cost method). Saham yang dibeli kembali dicatat sesuai dengan harga perolehan kembali dan disajikan sebagai pengurang modal saham. 2.t. Obligasi diperoleh Kembali Saat perolehan kembali obligasi, agio atau disagio yang belum diamortisasi dan proporsi biaya emisi obligasi yang ditangguhkan, akan diamortisasi hingga tanggal perolehan kembali tersebut. Selisih antara harga perolehan kembali dan nilai tercatat obligasi diakui sebagai keuntungan atau kerugian pada laporan laba rugi tahun yang bersangkutan dan diklasifikasikan sebagai pos luar biasa. 117
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) 2.u. Penggunaan Estimasi Penyusunan laporan keuangan sesuai dengan prinsip akuntansi yang berlaku umum mengharuskan manajemen membuat estimasi dan asumsi yang mempengaruhi aset, kewajiban, komitmen dan kontinjensi yang dilaporkan. Karena adanya unsur ketidakpastian yang melekat dalam melakukan estimasi sehingga dapat menyebabkan jumlah sesungguhnya yang dilaporkan pada periode yang akan datang berbeda dengan jumlah yang diestimasikan.
3.
Kas dan Setara Kas 2009 Rp Kas Bank Rupiah PT Bank Permata Tbk PT Bank Central Asia Tbk PT Bank Mandiri (Persero) Tbk PT Bank CIMB Niaga Tbk PT Bank Permata Tbk (unit Syariah) PT Bank Sinarmas PT Bank Bumiputera PT Bank Syariah Mega Indonesia PT Bank Kesawan Tbk PT Bank Danamon Indonesia Tbk PT Bank Internasional Indonesia Tbk PT Bank UOB Buana Tbk PT Bank Ganesha PT Bank Rakyat Indonesia (Persero) Tbk Dolar Amerika Serikat PT Bank Mandiri (Persero) Tbk Deutsche Bank AG PT Bank Central Asia Tbk PT Bank Permata Tbk PT Bank CIMB Niaga Tbk Dolar Singapura PT Bank Permata Tbk PT Bank Central Asia Tbk Deposito yang Jatuh Tempo Dalam 3 Bulan Rupiah PT Bank Central Asia Tbk Jumlah Tingkat Bunga Deposito per Tahun Rupiah
118
2008 Rp
2007 Rp
126.000
129.000
114.500
59.050.965 54.655.721 17.473.548 2.147.149 1.087.888 317.864 311.533 284.889 206.954 182.122 152.285 43.693 34.676 6.584 135.955.871
82.254.093 171.480.313 21.815.620 4.146.408 436.917 -68.402 25.851.540 65.362 165.545 53.093.954 143.714 269.152 6.757 359.797.777
1.342.175 60.447.378 39.888.754 13.116.910 425.748 --12.804 69.323 198.806 77.385 71.313,00 47.567 3.776.313 119.474.476
9.342.536 132.042 17.636 15.335 5.197 9.512.746
16.555.634 1.332.326 61.374 -6.831 17.956.165
14.426.766 1.146.865 353.706 -705.472 16.632.809
391.764 55.639 447.403
----
----
-146.042.020
-377.882.942
12.060.149 148.281.934
--
--
6,25% - 9,50%
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) 4.
Deposito Berjangka 2009 Rp Deposito Berjrangka - Rupiah PT Bank Mandiri (Persero) Tbk Jumlah Tingkat Bunga Deposito per Tahun
2008 Rp
2007 Rp
14.983.975 14.983.975
4.911.073 4.911.073
4.841.540 4.841.540
6,00% - 7,00%
6,00% - 6,75%
6,25% - 9,25%
Deposito berjangka pada PT Bank Mandiri (Persero) Tbk pada tanggal 31 Desember 2009 sebesar Rp 14.983.975 (2008: Rp 4.911.073; 2007: Rp 4.841.540) digunakan sebagai jaminan kepada PT Kliring Penjaminan Efek Indonesia ("KPEI") sehubungan transaksi efek melalui KPEI.
5.
Portofolio Efek 2009 Rp Efek untuk Diperdagangkan Obligasi Reksadana Pihak Hubungan Istimewa (Lihat Catatan 40) Pihak Ketiga Ekuitas Keuntungan (Kerugian) yang Belum Direalisasi - Bersih Nilai Wajar Efek Tersedia untuk Dijual Obligasi Reksadana Pihak Ketiga Ekuitas Keuntungan (Kerugian) yang Belum Direalisasi - Bersih Nilai Wajar
2008 Rp
2007 Rp
10.369.023
8.401.668
55.021.272
78.003.388 3.909.280 -92.281.691 (2.705.513) 89.576.178
3.003.388 3.909.280 -15.314.336 (4.380.380) 10.933.956
4.366.854 -223.885.020 283.273.146 22.504.565 305.777.711
116.886.022
213.771.114
117.200.172
250.923.485 803.400 368.612.907 (96.919.552) 271.693.355
250.923.486 685.200 465.379.800 (60.136.179) 405.243.621
-1.130.452 118.330.624 (4.750.815) 113.579.809
Peringkat obligasi yang diperdagangkan di bursa efek adalah sebagai berikut: Peringkat Lembaga Diperdagangkan Obligasi Negara Obligasi Korporasi idAA idAATersedia untuk Dijual Obligasi Negara Obligasi Korporasi id BBB id BBB-
--
2009 Rp
2008 Rp
2007 Rp
369.023
8.401.668
54.021.272
Pefindo Pefindo
-10.000.000 10.369.023
--8.401.668
1.000.000 -55.021.272
--
115.507.600
212.236.138
115.507.600
Pefindo Pefindo
1.378.422 -116.886.022 127.255.045
-1.534.976 213.771.114 222.172.782
-1.692.572 117.200.172 172.221.444
Jumlah Obligasi Diperdagangkan
119
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) Tingkat bunga per tahun dari obligasi tahun 2009, 2008 dan 2007 adalah sebagai berikut: 2009 Tingkat Bunga per Tahun
9,30% - 12,80%
2008 9,28% - 12,80%
2007 9,28% - 12,05%
Obligasi tersedia dijual berdasarkan periode jatuh tempo adalah sebagai berikut:
Jatuh Tempo 5 - 10 Tahun Jatuh Tempo Lebih dari 10 Tahun Nilai Perolehan
2009 Rp
2008 Rp
2007 Rp
24.353.822 92.532.200 116.886.022
54.131.776 159.639.338 213.771.114
1.692.572 115.507.600 117.200.172
Efek Diperdagangkan Perusahaan menetapkan nilai wajar portofolio obligasi dan ekuitas yang diperdagangkan di bursa efek dan reksadana sebesar Rp 89.576.178 ((2008: Rp 10.933.956; 2007: Rp 305.777.711) dengan menggunakan nilai pasar rata-rata tertimbang (weighted average price) yang dikeluarkan oleh BEI. Pada tanggal 19 Juli 2007, Perusahaan dan Parallax Venture Partners XVIII Ltd., pihak ketiga, menandatangani nota kesepahaman (memorandum of understanding) sehubungan dengan rencana Perusahaan untuk menjual pinjaman sindikasi milik PT Wisata Triloka Buana (WTB) dengan harga sebesar Rp18.000.000. Pelunasan atas penjualan tersebut telah diterima oleh Perusahaan pada tanggal 10 September 2007. Obligasi untuk diperdagangkan dengan nilai pasar Rp 39.995.000 pada tanggal 31 Desember 2007 dijadikan sebagai jaminan transaksi repo dengan PT Bank Internasional Indonesia Tbk (lihat Catatan 17). Pada tanggal 31 Desember 2009, Perusahaan memiliki unit penyertaan reksadana pada TRIM Kombinasi 2 sebesar Rp 2.293.299 yang terdiri dari 2.003.388 unit penyertaan (2008: Rp 1.456.704, terdiri dari 2.003.388 unit penyertaan; 2007: Rp 2.864.546, terdiri dari 2.003.388 unit penyertaan), TRIM Dana Stabil sebesar Rp 1.523.552 yang terdiri dari 1.000.000 unit penyertaan (2008: Rp 1.359.766, terdiri dari 1.000.000 unit penyertaan; 2007: Rp1.502.308, terdiri dari 1.000.000 unit penyertaan) dan TRIM Tetap 2 sebesar Rp 75.397.702 yang terdiri dari 61.606.174 unit penyertaan (2008: nihil, 2007: nihil). Perusahaan bertindak sebagai sponsor dalam rangka pendirian reksadana TRIM Kombinasi 2, reksadana Trim Dana Stabil, dan reksadana Trim Tetap 2. Efek Tersedia untuk Dijual Pada tanggal 31 Desember 2009, 2008 dan 2007, efek saham dan obligasi tersedia untuk dijual merupakan sahamsaham dan obligasi yang diperdagangkan di BEI. Nilai wajar efek ditentukan berdasarkan harga pasar tercatat di BEI pada hari terakhir bursa pada tahun-tahun tersebut. Kerugian yang belum direalisasi atas perubahan nilai wajar efek-efek yang tersedia untuk dijual masing-masing sebesar Rp 96.919.552, Rp 60.136.179 dan Rp 4.750.815 pada tanggal 31 Desember 2009, 2008 dan 2007 disajikan sebagai akun "penurunan yang belum direalisasi atas perubahan nilai wajar efek-efek tersedia untuk dijual yang menjadi komponen Ekuitas dalam neraca. Obligasi tersedia untuk dijual dengan nilai pasar Rp 109.726.560 pada tanggal 31 Desember 2007 dijadikan sebagai jaminan transaksi repo dengan PT Bank Internasional Indonesia Tbk dan PT Bank Sinarmas (lihat Catatan 17).
120
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) Pada tanggal 23 dan 24 Desember 2008, Perusahaan melakukan pembelian unit Penyertaan Reksadana Penyertaan Terbatas Millenium Restructured Fund II ("MRF II") yang dikelola oleh PT Millenium Danatama Indonesia ("MDI") senilai Rp 254.832.765 yang terdiri dari 50,9666 unit penyertaan dimana sebesar Rp 3.909.280 diklasifikasikan sebagai efek untuk diperdagangkan. Selanjutnya, MRF II melakukan pembelian 390.928.000 saham yang dimiliki Perusahaan pada PT Sat Nusapersada pada harga Rp 650 per saham atau senilai Rp 254.187.054 (sudah termasuk biaya komisi sebesar 0,033%) yang merupakan harga yang disepakati bersama antara Perusahaan dengan MDI. Sesuai dengan Kontrak Investasi Kolektif (KIK) MRF II, penilaian portofolio investasi Reksadana dilakukan oleh MDI selaku manajer investasi berdasarkan harga wajar dengan menggunakan pendekatan arus kas diskontoan. Berdasarkan pendekatan arus kas diskontoan tersebut, nilai wajar penyertaan unit investasi reksadana pada tanggal 31 Desember 2009 dan 2008 masing-masing sebesar Rp 155.731.984 dan Rp 215.792.256.
6.
Piutang Marjin Pihak Ketiga - Bersih Akun ini merupakan saldo piutang dari dana nasabah sehubungan dengan transaksi marjin yang dilakukan melalui Perusahaan. 2009 Rp Saldo masing-masing lebih atau sama dengan 5% dari jumlah piutang marjrin Saldo masing-masing kurang dari 5% dari jumlah piutang marjrin
2008 Rp
2007 Rp
97.935.099
2.925.155
143.859.615
Jumlah
127.035.636 224.970.735 (2.980.239) 221.990.496
54.993.840 57.918.995 (528.152) 57.390.843
745.408.523 889.268.138 -889.268.138
Piutang marjrin berdasarkan jenis nasabah: Institusi Perorangan Jumlah
15.006.552 206.983.944 221.990.496
319.093 57.071.750 57.390.843
27.094.327 862.173.811 889.268.138
18,00% - 21,00%
18,00% - 21,00%
18,00% - 20,00%
Dikurangi : Penyisihan Piutang Ragu-ragu
Tingkat Bunga per Tahun
Perusahaan memberikan pembiayaan transaksi marjin dengan jaminan nasabah minimal sebesar 153% dari besarnya fasilitas marjin yang diberikan. Jaminan piutang marjin pada umumnya berupa saham nasabah. Piutang marjin digunakan sebagai jaminan atas penerbitan Obligasi Trimegah I Tahun 2004 sebesar jumlah obligasi yang terhutang pada tanggal 31 Desember 2008 dan 2007(lihat Catatan 24). Pada tanggal 31 Desember 2009 dan 2008, Perusahaan membentuk penyisihan piutang ragu-ragu sebesar Rp 2.980.239 dan Rp 528.152. Manajemen Perusahaan berkeyakinan bahwa penyisihan piutang ragu-ragu tersebut cukup untuk menutup kemungkinan kerugian dari piutang tak tertagih. Perusahaan tidak membentuk penyisihan piutang ragu-ragu u pada tanggal 31 Desember 2007 karena manajemen Perusahaan berkeyakinan bahwa seluruh piutang marjin dapat tertagih dan jaminan dari nasabah cukup untuk menutupi kerugian yang mungkin timbul akibat piutang marjin tersebut tidak tertagih.
121
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) 7.
Piutang dan Hutang Lembaga Kliring dan Penjaminan - Bersih Piutang Lembaga Kliring dan Penjaminan Akun ini merupakan tagihan sehubungan dengan transaksi jual efek dan deposit yang diserahkan Perusahaan dalam rangka transaksi efek, sebagai berikut:
Piutang Transaksi Deposit Jumlah
2009 Rp
2008 Rp
2007 Rp
43.784.778 3.403.793 47.188.571
18.088.885 3.135.423 21.224.308
82.005.700 2.941.513 84.947.213
Hutang Lembaga Kliring dan Penjaminan Akun ini merupakan kewajiban kepada KPEI dari transaksi efek di bursa yang penyelesaiannya dilakukan dengan KPEI.
8.
Piutang Perusahaan Efek Akun ini merupakan piutang dari perusahaan efek lain sehubungan dengan transaksi perdagangan efek. Pada 31 Desember 2009, 2008 dan 2007 saldo piutang perusahaan efek masing-masing sebesar nihil, Rp 100.023, dan nihil. Perusahaan tidak membentuk penyisihan piutang ragu-ragu karena pihak manajemen berkeyakinan bahwa piutang perusahaan efek dapat tertagih.
9.
Piutang Nasabah Akun ini merupakan piutang yang timbul dari transaksi Perusahaan sebagai perantara perdagangan efek dan manajer investasi. 2009 Rp Pihak Hubungan Istimewa (Lihat Catatan 40) TRIM Kapital TRIM Kapital Plus TRIM Dana Tetap 2 TRIM Syariah Saham TRIM Kas 2 TRIM Syariah Berimbang TRIM Gebyar Terproteksi TRIM Kombinasi 2 Desimon TRIM Dana Stabil TRIM Terproteksi Prima II TRIM Selaras 7B TRIM Lestari 2 TRIM Lestari 3 TRIM Syariah Terproteksi Prima II TRIM Terproteksi Prima III TRIM Syariah Terproteksi Prima I TRIM Selaras 9E TRIM Kas TRIM Selaras TRIM Lestari TRIM Performa Terproteksi TRIM Dana Tetap
7.003.419 704.634 414.016 265.816 207.963 192.636 182.986 120.987 89.595 60.824 37.341 34.444 26.031 25.327 24.104 23.387 8.672 7.450 ------
122
2008 Rp ---963.809 -1.003.725 92.114 82.029 -63.904 --32.437 -----94.714 79.512 77.607 39.842 12.299
2007 Rp 3.230.810 --2.605.944 -158.805 -180.062 -1.971.736 --37.172 -----334.233 -150.814 -12.669
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) 2009 Rp
TRIM Syariah Sukuk TRIM Pendapatan Reguler TRIM Terproteksi Prima Pundi Terproteksi TRIM Kombinasi TRIM Pundi Reksa Jumlah Pihak Ketiga Saldo masing-masing lebih atau sama dengan 5% dari jumlah piutang nasabah Saldo masing-masing kurang dari 5% dari jumlah piutang nasabah Jumlah
2008 Rp
2007 Rp
------9.429.632
7.587 7.128 5.516 ---2.562.223
---42.372 6.511 4.367 8.735.495
37.441.874 28.483.976 65.925.850
1.153.531 11.156.021 12.309.552
4.367.164 64.517.336 68.884.500
Perusahaan tidak membentuk penyisihan piutang ragu-ragu pada tanggal 31 Desember 2009, 2008 dan 2007 karena manajemen Perusahaan berkeyakinan bahwa seluruh piutang nasabah dapat tertagih. 10. Piutang Karyawan Akun ini merupakan pinjaman karyawan yang pembayarannya dilakukan melalui pemotongan gaji bulanan. Pinjaman dibebankan bunga sebesar 10% per tahun. 11. Piutang Lain-lain 2009 Rp Pihak Hubungan Istimewa (Lihat Catatan 40) Avi Y. Dwipayana Jumlah Pihak Ketiga Piutang Bunga Portofolio Efek Piutang Bunga Deposito Piutang Penasehat Investasi Lain-lain (masing-masing di bawah Rp 50.000)
2008 Rp
2007 Rp
---
---
7.915.312 7.915.312
3.470.084 46.376 -251.290 3.767.750
5.693.654 8.795 -1.216.613 6.919.062
5.159.293 16.052 275.000 109.823 5.560.168
Pada 31 Desember 2009, 2008 dan 2007, Perusahaan tidak membentuk penyisihan piutang ragu-ragu karena pihak manajemen berkeyakinan bahwa piutang lain-lain dapat tertagih. 12. Penyertaan Saham 2009 Rp Kustodian Sentral Efek Indonesia Bursa Efek Indonesia
300.000 135.000 435.000
2008 Rp 300.000 135.000 435.000
2007 Rp 300.000 135.000 435.000
Penyertaan saham pada Bursa Efek Indonesia (BEI) merupakan salah satu persyaratan sebagai anggota bursa. Perusahaan memiliki penyertaan saham pada BEI sebanyak 1 lembar saham. Penyertaan saham pada PT Kustodian Sentral Efek Indonesia merupakan penyertaan sebanyak 60 lembar saham. 123
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) 13. Perpajakan a. Pajak Dibayar di Muka 2009 Rp
2008 Rp
2007 Rp
Pajak Penghasilan Pasal 28A Tahun 2008 Pajak Penghasilan Pasal 28A Tahun 2009 Pajak Pertambahan Nilai (PPN) - Bersih
21.183.210 4.591.333 638.663
21.183.210 -1.897.491
----
Jumlah
26.413.206
23.080.701
--
b. Hutang Pajak 2009 Rp
2008 Rp
2007 Rp
Pajak Penghasilan Pasal 21 Pasal 23 Pasal 4(2) Pasal 26 Pasal 25 Pasal 29 Pajak Pertambahan Nilai - Bersih Transaksi Penjualan Saham
1.547.595 270.873 232.875 1.921.421 ---1.257.531
4.879.216 4.013.387 163.035 23.376 1.427.936 --1.609.233
7.630.742 46.228 156.585 18.914 -20.745.340 3.288.919 2.390.497
Jumlah
5.230.295
12.116.183
34.277.225
Perusahaan menerima surat No.5-1186/WPJ.07/KP 0808/2007 tanggal 7 Desember 2007 dari Kantor Pelayanan Pajak Perusahaan Masuk Bursa tentang koreksi pajak masukan yang berasal dari biaya levy untuk masa Januari 2004 sampai dengan Desember 2006. Perusahaan telah melakukan perhitungan kekurangan pajak tersebut sebesar Rp 3.431.835 dan melakukan pembayaran pada tanggal 9 Januari 2008. Pada tanggal 31 Desember 2007 pajak kurang bayar tersebut termasuk dalam saldo hutang Pajak Pertambahan Nilai. c. Beban Pajak Penghasilan Badan 2009 Rp Pajak Kini Berasal dari Operasi Normal Perusahaan Berasal dari Beban Pajak Penghasilan Final Jumlah Pajak Kini Pajak Tangguhan Berasal dari Perbedaan Temporer Berasal dari Perubahan Tarif Pajak Penyesuaian Lainnya Jumlah Beban (Manfaat) Pajak Tangguhan Jumlah
124
2008 Rp
2007 Rp
1.095.011 3.812.714 4.907.725
2.771.133 3.658.540 6.429.673
29.007.800 2.440.850 31.448.650
(988.188) 916.387 227.474 155.673
6.807.331 986.188 -7.793.519
(3.833.172) --(3.833.172)
5.063.398
14.223.192
27.615.478
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) Rekonsiliasi antara laba sebelum pajak penghasilan, seperti disajikan dalam laporan laba rugi dengan laporan fiskal adalah sebagai berikut: 2009 Rp Laba Sebelum Paj a ak Penghasilan menurut Laporan Laba Rugi Pendapatan Bunga yang telah Dikenakan Pajak Final Jumlah Paj a ak dengan Tarif Tunggal 28% Paj a ak dengan Tarif Maksimum 30% Perbedaan Tetap Bersih dengan Tarif Paj a ak Maksimum Efek Paj a ak Penghasilan dengan Tarif kurang dari 30% Penurunan Tarif Paj a ak Penyesuaian Lainnya
2008 Rp
2007 Rp
26.250.391 (19.063.569) 7.186.822
45.506.156 (18.292.700) 27.213.456
123.334.451 (12.204.245) 111.130.206
2.012.310 -(1.905.487) -916.387 227.474 1.250.684
-8.164.037 3.404.303 (17.500) (986.188) -10.564.652
-33.339.062 (8.146.934) (17.500) --25.174.628
Ditambah dengan: Beban Pajak Penghasilan Final (20%)
3.812.714
3.658.540
2.440.850
Jumlah Beban Paj a ak Penghasilan
5.063.398
14.223.192
27.615.478
d. Beban Pajak Kini Taksiran laba kena pajak Perusahaan untuk tahun-tahun yang berakhir pada 31 Desember 2009, 2008 dan 2007 adalah sebagai berikut: 2009 Rp Laba Sebelum Pajak Menurut Laporan Laba Rugi Pendapatan Bunga yang telah Dikenakan Pajak Final Jumlah Beda Waktu Beban Penyisihan Piutang Penyusutan Aset Tetap Penambahan (Pemulihan) Akrual Beban Imbalan Kerja - Bersih Penambahan (Pemulihan) Akrual Bonus Karyawan Beban Penyisihan Tunjangan Karyawan Keuntungan (Kerugian) yang Belum Direalisasi Akibat Penyesuaian Nilai Wajar Efek
Beda Tetap Keuntungan (kerugian) yang belum direalisasi akibat penyesuaian nilai wajar efek yang merupakan objek pajak final - Bersih Beban EMSOP Beban Pemasaran Jamuan dan Sumbangan Beban yang Terkait dengan Penghasilan Pajak Final Laba atas Penjualan Aset Tetap Pendapatan Bunga Kupon Obligasi yang Dikenakan Pajak Final Keuntungan atas Penjualan Investasi yang Bukan Objek Pajak atau Telah Dikenakan Pajak Final - Bersih Lain-lain
Laba Kena Paj a ak
125
2008 Rp
2007 Rp
26.250.391 (19.063.569) 7.186.822
45.506.156 (18.292.700) 27.213.456
123.334.451 (12.204.245) 111.130.206
2.452.088 (227.312)
528.152 (26.329)
-(564.371)
4.823.612 (862.220) (2.233.416)
(8.437.969) (16.816.021) --
7.483.681 13.000.000 --
-3.952.752
-(24.752.167)
(6.994.873) 12.924.437
(1.674.868) 6.230.619 2.654.846 708.169 2.511.279 (194.433)
28.245.881 4.933.284 1.835.007 1.154.082 1.045.995 (67.287)
(9.380.602) -2.058.326 1.147.172 7.379.801 (147.195)
(14.585.446)
(2.940.157)
(4.970.379)
(4.052.160) 1.173.174 (7.228.820)
(28.592.738) 1.220.088 6.834.155
(29.105.228) 5.714.467 (27.303.638)
3.910.754
9.295.444
96.751.005
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) 2009 Rp Taksiran Pajak Penghasilan Badan: 10% x Rp 50.000 15% x Rp 50.000 28% x (2008 dan 2007: Rp Nihil) 30% x (2008: Rp 9.195.444; 2007: Rp 96.651.005) Dikurangi: Paj a ak Penghasilan Dibayar di Muka Paj a ak Penghasilan Pasal 23 Paj a ak Penghasilan Pasal 25 Fiskal Luar Negeri Taksiran Hutang (Lebih Bayar) Paj a ak Penghasilan Badan
2008 Rp
2007 Rp
--1.095.011 -1.095.011
5.000 7.500 -2.758.634 2.771.134
5.000 7.500 -28.995.300 29.007.800
(1.402.534) (4.283.810) -(5.686.344)
(5.195.015) (18.716.129) (43.200) (23.954.344)
(4.670.688) (3.583.772) (8.000) (8.262.460)
(4.591.333)
(21.183.210)
20.745.340
Estimasi laba kena pajak untuk tahun-tahun yang berakhir pada 31 Desember 2008 dan 2007 seperti disebut di atas digunakan sebagai dasar penyusunan SPT untuk tahun 2008 dan 2007 yang dilaporkan masing-masing pada tanggal 30 April 2009 dan 1 April 2008. Sedangkan estimasi laba kena pajak untuk tahun yang berakhir pada 31 Desember 2009 diatas, akan digunakan sebagai dasar penyusunan pada saat Perusahaan menyusun SPT tahun 2009. Perusahaan melaporkan sendiri Surat Pemberitahuan Tahunan dengan menggunakan dasar penilaian sendiri. Kantor Pajak dapat menetapkan atau mengubah besarnya kewajiban pajak dalam batas waktu lima tahun sejak tanggal terhutangnya pajak penghasilan. e. Aset Pajak Tangguhan - Bersih
Perhitungan taksiran manfaat (beban) pajak penghasilan tangguhan atas beda temporer untuk tahun-tahun yang berakhir pada 31 Desember 2009, 2008 dan 2007 adalah sebagai berikut: 2006
Rp Kewajiban Imbalan Kerjra Penyisihan Bonus Karyawan Penyisihan Tunjangan Karyawan Aset Tetap Penyisihan Piutang Ragu-ragu Kerugian (Keuntungan) yang belum Direalisasi Akibat Penurunan (Kenaikan) Nilai Wajar Efek Jumlah
4.999.390 3.900.000 -492.446 --
2.828.854 12.220.690
Dikreditkan (Dibebankan) ke Laporan Laba Rugi Rp
2007
Rp
Dikreditkan (Dibebankan) ke Laporan Laba Rugi Rp
Perubahan Tarif
2008
Dikreditkan (Dibebankan) ke Laporan Laba Rugi Rp
Perubahan Tarif
Penyesuaian Lainnya
2009
Rp
Rp
Rp
Rp
Rp
2.245.104 3.900.000 -(213.470) --
7.244.494 7.800.000 -278.976 --
(2.531.391) (5.044.806) 900.000 440.812 158.446
(606.809) (183.680) (60.000) (125.136) (10.563)
4.106.294 2.571.514 840.000 594.652 147.883
1.205.903 (215.555) (558.354) (56.828) 613.022
(471.310) (275.519) (90.000) (63.713) (15.845)
292.602 (224.143) -(295.933) --
5.133.489 1.856.297 191.646 178.178 745.060
(2.098.462) 3.833.172
730.392 16.053.862
(730.392) (6.807.331)
-(986.188)
-8.260.343
-988.188
-(916.387)
-(227.474)
-8.104.670
Pada September 2008, Undang-undang No. 7 Tahun 1983 mengenai "Pajak Penghasilan" diubah untuk keempat kalinya dengan Undang-undang No. 36 Tahun 2008. Perubahan tersebut juga mencakup perubahan tarif pajak penghasilan badan dari sebelumnya menggunakan tarif pajak bertingkat dengan tarif maksimum 30% menjadi tarif tunggal yaitu 28% untuk tahun fiskal 2009 dan 25% untuk tahun fiskal 2010 dan seterusnya. Pemanfaatan aset pajak tangguhan oleh Perusahaan tergantung pada laba kena pajak di masa yang akan datang. Pada tanggal-tanggal 31 Desember 2009, 2008 dan 2007, manajemen berkeyakinan bahwa seluruh aset pajak tangguhan dapat digunakan sehingga manajemen Perusahaan tidak membentuk penyisihan penurunan nilai atas aset pajak tangguhan tersebut.
126
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) 14. Aset Tetap Saldo Awal Rp
Penambahan Rp
2009 Pengurangan Rp
Koreksi Rp
Saldo Akhir Rp
Harga Perolehan Pemilikan Langsung Tanah Bangunan Renovasi Gedung Sewa Kendaraan Bermotor Perabotan dan Peralatan Kantor Jumlah
86.375 1.911.747 16.088.313 3.466.905 39.022.582 60.575.922
--1.732.489 -3.938.607 5.671.096
86.375 374.625 --100.655 561.655
---(187.000) -(187.000)
-1.537.122 17.820.802 3.279.905 42.860.534 65.498.363
Akumulasi Penyusutan Pemilikan Langsung Bangunan Renovasi Gedung Sewa Kendaraan Bermotor Perabotan dan Peralatan Kantor Jumlah Nilai Buku
882.460 11.674.495 2.639.561 20.085.138 35.281.654 25.294.268
86.222 1.619.725 405.137 5.473.651 7.584.735
187.313 --100.655 287.968
--(187.000) -(187.000)
781.369 13.294.220 2.857.698 25.458.134 42.391.421 23.106.942
Saldo Awal Rp
Penambahan Rp
2008 Pengurangan Rp
Koreksi Rp
Saldo Akhir Rp
Harga Perolehan Pemilikan Langsung Tanah Bangunan Renovasi Gedung Sewa Kendaraan Bermotor Perabotan dan Peralatan Kantor Jumlah
86.375 1.911.747 13.721.700 3.466.905 26.955.023 46.141.750
--2.366.613 -15.467.921 17.834.534
----3.400.362 3.400.362
-------
86.375 1.911.747 16.088.313 3.466.905 39.022.582 60.575.922
Akumulasi Penyusutan Pemilikan Langsung Bangunan Renovasi Gedung Sewa Kendaraan Bermotor Perabotan dan Peralatan Kantor Jumlah Nilai Buku
786.873 10.391.695 2.081.847 19.852.872 33.113.287 13.028.463
95.587 1.282.800 557.714 3.621.526 5.557.627
---3.389.260 3.389.260
------
882.460 11.674.495 2.639.561 20.085.138 35.281.654 25.294.268
127
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain)
Saldo Awal Rp
Penambahan Rp
2007 Pengurangan Rp
Koreksi Rp
Saldo Akhir Rp
Harga Perolehan Pemilikan Langsung Tanah Bangunan Renovasi Gedung Sewa Kendaraan Bermotor Perabotan dan Peralatan Kantor Jumlah
86.375 1.911.747 12.395.843 3.704.505 23.130.073 41.228.543
--1.325.857 647.690 4.053.152 6.026.699
---885.290 228.202 1.113.492
-------
86.375 1.911.747 13.721.700 3.466.905 26.955.023 46.141.750
Akumulasi Penyusutan Pemilikan Langsung Bangunan Renovasi Gedung Sewa Kendaraan Bermotor Perabotan dan Peralatan Kantor Jumlah Nilai Buku
691.286 9.359.320 2.365.130 18.220.183 30.635.919 10.592.624
95.587 1.032.375 602.007 1.860.891 3.590.860
--885.290 228.202 1.113.492
------
786.873 10.391.695 2.081.847 19.852.872 33.113.287 13.028.463
Beban penyusutan untuk tahun-tahun yang berakhir pada 31 Desember 2009, 2008 dan 2007 masing-masing adalah sebesar Rp 7.584.735, Rp 5.557.627, dan Rp 3.590.860. Aset tetap, kecuali tanah, telah diasuransikan terhadap risiko kerugian kebakaran dan risiko lainnya dengan nilai pertanggungan sebagai berikut:
PT Asuransi Allianz Utama Indonesia PT Asuransi Adira Dinamika Jumlah
2009 Rp
2008 Rp
2007 Rp
20.255.832 -20.255.832
28.851.391 -28.851.391
7.908.575 4.171.715 12.080.290
Manajemen Perusahaan berkeyakinan bahwa nilai pertanggungan tersebut cukup untuk menutup kemungkinan kerugian atas risiko tersebut. Manajemen Perusahaan berpendapat bahwa nilai tercatat dari seluruh aset tetap dapat dipulihkan, sehingga tidak diperlukan adanya penurunan nilai atas aset tersebut. 15. Aset Lain-lain 2009 Rp Biaya Dibayar di Muka Setoran Jaminan Lain-lain (masing-masing di bawah Rp 350.000) Jumlah
5.518.908 1.908.892 1.063.688 8.491.488
128
2008 Rp 6.336.000 2.213.282 1.985.810 10.535.092
2007 Rp 4.822.370 2.179.921 1.375.884 8.378.175
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) 16. Pinjaman Bank 2009 Rp PT Bank Permata Tbk PT Bank Sinarmas PT Bank Central Asia Tbk PT Bank Mandiri (Persero) Tbk Jumlah
25.000.000 25.000.000 24.990.946 10.000.000 84.990.946
2008 Rp
2007 Rp ------
75.000.000 -50.000.000 45.000.000 170.000.000
PT Permata Tbk (”Bank Permata”) Berdasarkan perjanjian kredit tertanggal 18 Agustus 2005, Perusahaan memperoleh fasilitas kredit tanpa jaminan "money market line" dengan jumlah maksimum Rp 45.000.000 dengan tingkat bunga sebesar suku bunga Sertifikat Bank Indonesia ("SBI") satu bulan ditambah 2,50% per tahun. Perjanjian tersebut mengalami beberapa kali perubahan, yang terakhir pada tanggal 1 September 2009, perjanjian tersebut diubah menjadi fasilitas money market dengan jumlah maksimum fasilitas menjadi Rp 85.000.000 dengan tingkat suku bunga yang berlaku di pasar. Fasilitas ini jatuh tempo pada tanggal 30 Agustus 2010. Saldo pinjaman pada tanggal 31 Desember 2009 adalah sebesar Rp 25.000.000 (2008: Nihil; 2007: Rp75.000.000). Pada tanggal 1 September 2009, Perusahaan juga memperoleh fasilitas tambahan yaitu foreign exchange line dan fixed income trading untuk mendukung fasilitas treasury dengan batasmaksimum fasilitas settlement limit sebesar USD 15,000,000 (nilai penuh). Saldo pinjaman pada tanggal 31 Desember 2009 adalah nihil. PT Bank Sinarmas Berdasarkan perjanjian kredit No. OL.188/2009/CM/CR-AO/TH tertanggal 28 Oktober 2009, Perusahaan memperoleh fasilitas Kredit Demand Loan - revolving tanpa jaminan dengan jumlah fasilitas maksimum sebesar Rp 75.000.000 dan tingkat bunga sesuai money market + 2,00%per tahun. Fasilitas ini berjangka waktu satu tahun yang berakhir pada tanggal 6 Agustus 2010. Saldo pinjaman pada tanggal 31 Desember 2009 adalah sebesar Rp 25.000.000. PT Bank Central Asia Tbk ("Bank BCA") Berdasarkan perjanjian kredit yang diperbaharui pada tanggal 2 Mei 2007, Perusahaan memperoleh fasilitas kredit lokal dari Bank BCA tanpa jaminan dengan fasilitas maksimum sebesar Rp10.000.000 dan tingkat suku bunga 1,50% per tahun diatas suku bunga deposito Bank BCA. Pada tanggal 2 Mei 2007, Perusahaan juga memperoleh fasilitas-fasilitas kredit tanpa jaminan lainnya dari Bank BCA yang seluruhnya jatuh tempo pada tanggal 29 Maret 2008 sesuai dengan Surat Pemberitahuan No.1817/GBK/2007 sebagai berikut: a. Fasilitas kredit lokal untuk tujuan pembiayaan modal kerja dengan batas maksimum limit sebesar Rp 30.000.000, dengan tingkat bunga 11,50% per tahun. b. Fasilitas kredit time loan revolving untuk modal kerja dengan batas maksimum Rp 50.000.000, dengan tingkat bunga 11,50% per tahun. c. Fasilitas kredit intraday KPEI untuk mendukung transaksi penyelesaian penjualan saham di BEI dengan batas maksimum Rp 80.000.000 dengan biaya Rp 50 per transaksi. d. Fasilitas kredit foreign exchange (FX) line untuk keperluan hedging dengan batas maksimum USD 5,000,000 (nilai penuh). Perjanjian kredit tersebut telah diperpanjang sampai dengan tanggal 29 Desember 2009 berdasarkan surat pemberitahuan perpanjangan batas waktu penarikan dan/atau penurunan fasilitas kredit dari Bank BCA No. 30069/GBK/2009 yaitu sebagai berikut: a. Fasilitas kredit lokal untuk tujuan pembiayaan modal kerja dengan batas maksimum limit sebesar Rp 30.000.000, dengan tingkat bunga 14,00% per tahun. b. Fasilitas kredit time loan revolving untuk modal kerja dengan batas maksimum Rp 50.000.000, dengan tingkat bunga 14,00% per tahun. c. Fasilitas kredit foreign exchange (FX) line untuk keperluan hedging dengan batas maksimum USD 5,000,000 (nilai penuh). 129
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) Perjanjian kredit tersebut kemudian telah diperpanjang kembali sampai dengan tanggal 29 Maret 2010 berdasarkan surat pemberitahuan perpanjangan batas waktu penarikan dan/atau penggunaan fasilitas kredit dari Bank BCA No. 31061/GBK/2009. Saldo pinjaman Bank BCA pada tanggal 31 Desember 2009 adalah Rp 24.990.946 (2008: Nihil; 2007: Rp 50.000.000). PT Bank Mandiri (Persero) Tbk ("Bank Mandiri") Berdasarkan perjanjian kredit tertanggal 27 Desember 2007, Perusahaan memperoleh fasilitas Kredit Jangka Pendek ("KJP") tanpa jaminan dengan jumlah maksimum sebesar Rp 45.000.000 dengan tingkat bunga yang ditentukan oleh Bank Mandiri. Saldo pinjaman yang berasal dari fasilitas ini pada tanggal 31 Desember 2007 adalah sebesar Rp 45.000.000. Berdasarkan perjanjian jasa pelayanan transaksi foreign exchange line pada tanggal 8 Januari 2008, Perusahaan memperoleh fasilitas jasa transaksi foreign exchange line tanpa jaminan dengan limit sebesar Rp 45.000.000 dari Bank Mandiri. Fasilitas ini berjangka waktu satu tahun yang berakhir pada tanggal 7 Januari 2009 dan tidak diperpanjang. Jangka waktu untuksetiap transaksi foreign exchange line maksimun satu bulan dan dapat diperpanjang 14 hari kerja sebelum tanggal berakhirnya jangka waktu tersebut. Perusahaan juga memperoleh fasilitasforeign exchange line untuk melakukan transaksi forex, hedging dan menutup kewajiban forex Perusahaan, dengan jumlah maksimum Rp 45.000.000 atau ekuivalen dalam valuta asing (atas dasar potential future exposure). Berdasarkan perjanjian kredit No. KP-CRO/034/PK-KMK/2009 tertanggal 17 Desember 2009, Perusahaan memperoleh fasilitas Kredit Modal Kerja Jangka Pendek ("KMKJP") tanpa jaminan dengan jumlah maksimum sebesar Rp 90.000.000 dengan tingkat bunga yang ditentukan oleh Bank Mandiri. Fasilitas ini berjangka waktu satu tahun yang berakhir pada tanggal 16 Desember 2010. Saldo pinjaman yang berasal dari fasilitas ini pada tanggal 31 Desember 2009 adalah sebesar Rp 10.000.000. Berdasarkan perjanjian jasa pelayanan transaksi treasury pada tanggal 17 Desember 2009, Perusahaan memperoleh fasilitas kredit berupa fasilitas jasa pelayanan transaksi treasury line dengan limit sebesar USD 5,000,000 (nilai penuh) yang berakhir pada tanggal 16 Desember 2010. Pada tanggal 29 Oktober 2009 Perusahaan memperoleh perpanjangan Fasilitas Intraday yang bersifat uncommitted dengan batasan maksimum sebesar Rp 177.000.000 mencakup fasilitas: a. Penerimaan dana yang berasal dari: x Penerimaan dana PT KPEI dari hasil net sell transaksi saham di pasar regular. x Penerimaan dana Bank Mandiri Kustodian dari hasil transaksi beli-jual Surat Utang Negara (SUN) dan/atau transaksi saham di pasar negosiasi dan/atau transaksi obligasi korporasi di Bursa Efek Indonesia. b. Penempatan dana tunai PT Bank Mandiri (Persero) Tbk, cabang Jakarta Bursa Efek, berupa: x Deposito Berjangka dan/atau deposit on call dalam valuta Rupiah dan/atau USD. x Giro valuta USD. Bunga yang dikenakan adalah fee intraday dengan besaran minimal 0.008% sampai dengan 0.02% per hari dan/atau fee administrasi Rp 100 sampai Rp 250. Fasilitas ini berjangka waktu satu tahun yang berakhir pada tanggal 27 Agustus 2010.
130
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) 17. Efek Dijual Dengan Janji Beli Kembali Jenis Efek PT Bank Internasional Indonesia Tbk Obligasi Pemerintah Seri FR0034 Tahun 2006, FR0043 Tahun 2007 dan FR0045 Tahun 2007 PT Bank Sinarmas Obligasi Pemerintah Seri FR0038 Tahun 2006, FR0045 Tahun 2007 PT Bank Sinarmas Obligasi Pemerintah Seri FR0040 Tahun 2007, FR0042 Tahun 2007 dan FR0047 Tahun 2007 Harga Pembelian Kembali Bunga yang Belum Dibayarkan Jumlah Tercatat
2009 Rp
2008 Rp
2007 Rp
--
--
46.722.735
--
--
45.191.368
---
-----
42.949.400 134.863.503 (404.213) 134.459.290
--
a. Obliqasi Pemerintah Seri FR0034 Tahun 2006, FR0043 Tahun 2007, dan FR0045 Tahun 2007 Berdasarkan perjanjian penjualan dengan janji beli kembali (repo) antara Perusahaan dengan PT Bank Internasional Indonesia Tbk tertanggal 22 Nopember 2007, Perusahaan menjual Obligasi Pemerintah Seri FR0034 Tahun 2006, FR0043 Tahun 2007, dan FR0045 Tahun 2007 dengan nilai nominal masing-masing Rp 10.000.000; Rp 30.000.000 dan Rp 10.000.000 dengan harga jual keseluruhan sebesar Rp 46.209.615. Harga pasar obligasi pemerintah tersebut pada tanggal 31 Desember 2007 adalah sebesar Rp 50.438.980. Harga pembelian kembali obligasi pemerintah tersebut pada tanggal 3 Januari 2008 adalah Rp 46.722.734. b. Obligasi Pemerintah Seri FR0038 Tahun 2006 dan FR0045 Tahun 2007 Berdasarkan perjanjian Pembelian dan Penjualan kembali Obligasi (repo) antara Perusahaan dengan PT Bank Sinarmas tertanggal 19 Desember 2007, Perusahaan menjual Obligasi Pemerintah Seri FR0038 Tahun 2006 dan FR0045 Tahun 2007 dengan nilai nominal masing-masing Rp 20.000.000 dan Rp 30.000.000 dengan harga jual keseluruhan sebesar Rp 44.800.000. Harga pasar obligasi pemerintah tersebut pada tanggal 31 Desember 2007 adalah sebesar Rp 49.471.020. Harga pembelian kembali obligasi pemerintah tersebut pada tanggal 29 Januari 2008 adalah Rp 45.191.378. c. Obliqasi Pemerintah Seri FR0040 Tahun 2007, FR0042 Tahun 2007 dan FR0047 Tahun 2007 Berdasarkan perjanjian Pembelian dan Penjualan Kembali Obligasi (repo) antara Perusahaan dengan PT Bank Sinarmas tertanggal 30 Nopember 2007, Perusahaan menjual Obligasi Pemerintah Seri FR0040 Tahun 2007, FR0042 Tahun 2007 dan FR0047 Tahun 2007 dengan nilai nominal masing-masing Rp 20.000.000; Rp 10.000.000 dan Rp 20.000.000 dengan harga jual keseluruhan sebesar Rp 42.610.000. Harga pasar obligasi pemerintah tersebut pada tanggal 31 Desember 2007 adalah sebesar Rp 49.811.600. Harga pembelian kembali obligasi pemerintah tersebut pada tanggal 3 Januari 2008 adalah Rp 42.949.400. Seluruh harga pasar obligasi pemerintah yang dijaminkan oleh Perusahaan kepada PT Bank Internasional Indonesia Tbk dan PT Bank Sinarmas sehubungan dengan transaksi repo terdiri dari obligasi untuk diperdagangkan dan obligasi tersedia untuk dijual yang memiliki nilai pasar masing-masing sebesar Rp 39.995.000 dan Rp 109.726.560 (lihat Catatan 5).
131
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) 18. Hutang Nasabah 2009 Rp Pihak Hubungan Istimewa (Lihat Catatan 40) TRIM Syariah Berimbang TRIM Syariah Saham Tn. Avi Y. Dwipayana TRIM Kapital TRIM Kombinasi 2 Jumlah Pihak Ketiga Saldo Masing-masing Kurang dari 5% dari Jumlah Hutang Nasabah Saldo Masing-masing Lebih atau Sama dengan 5% dari Jumlah Hutang Nasabah Jumlah Hutang Nasabah Berdasarkan Jenis Nasabah: Perorangan Institusi Jumlah
2008 Rp
2007 Rp
5.427.660 2.187.077 1.353.457 --8.968.194
--184.020 10.199.439 378 10.383.837
4.607.862 -55.217 -5.208.168 9.871.247
216.853.076
15.571.240
377.908.651
22.357.082 239.210.158
154.233.866 169.805.106
-377.908.651
221.751.816 26.426.536 248.178.352
146.062.552 34.126.391 180.188.943
362.067.833 25.712.065 387.779.898
19. Hutang Marjin - Pihak Ketiga Akun ini merupakan dana nasabah pada Perusahaan sehubungan dengan transaksi marjin yang dilakukan oleh nasabah melalui Perusahaan. 2009 Rp
2008 Rp
2007 Rp
Saldo Masing-masing Lebih dari atau sama dengan 5% dari Jumlah Hutang Marjrin Saldo Masing-masing Kurang dari 5% dari Jumlah Hutang Marjrin Jumlah
3.258.816 11.392.228 14.651.044
5.825.979 7.227.362 13.053.341
64.427.403 19.028.216 83.455.619
Hutang Marjrin Berdasarkan Jenis Nasabah Perorangan Institusi Jumlah
13.922.097 728.947 14.651.044
13.043.038 10.303 13.053.341
83.455.619 -83.455.619
5,90% - 9,42%
10,00%
10,00%
Tingkat Bunga per Tahun
20. Imbalan Kerja Perusahaan memberikan imbalan pasca kerja kepada karyawan yang tidak didanai dan didasarkan atas Perjanjian Kerja Bersama (“PKB”) antara Perusahaan dengan karyawan dan Undang-undang Tenaga Kerja (“UUTK”) No. 13/2003 tanggal 25 Maret 2003 sebagai berikut: 31 Desember 2009 x Usia pensiun dini adalah 45 tahun atau masa kerja lebih dari 15 tahun, x Kontribusi Perusahaan atas iuran DPLK untuk tahun 2009 sebesar 3% dari gaji pokok, x 2,8 kali pembayaran uang pesangon sesuai dengan Pasal 156 Ayat 2 UUTK, ditambah, x 1,4 kali pembayaran uang penghargaan sesuai dengan Pasal 156 Ayat 3 UUTK, ditambah, dan x 15% dari jumlah pembayaran uang pesangon dan uang penghargaan. 132
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) 31 Desember 2008 x Usia pensiun dini adalah 45 tahun atau masa kerja lebih dari 15 tahun, x Kontribusi Perusahaan atas iuran DPLK untuk tahun 2008 sebesar 8% dari gaji pokok, x 2,8 kali pembayaran uang pesangon sesuai dengan Pasal 156 Ayat 2 UUTK, ditambah, x 1,4 kali pembayaran uang penghargaan sesuai dengan Pasal 156 Ayat 3 UUTK, ditambah, dan x 15% dari jumlah pembayaran uang pesangon dan uang penghargaan. 31 Desember 2007 x 2,8 kali pembayaran uang pesangon sesuai dengan Pasal 156 Ayat 2 UUTK, ditambah, x 1,4 kali pembayaran uang penghargaan sesuai dengan Pasal 156 Ayat 3 UUTK, ditambah, dan x 15% dari jumlah pembayaran uang pesangon dan uang penghargaan. Perusahaan mempunyai program pensiun iuran pasti yang meliputi seluruh karyawan tetap yang didanai melalui iuran tetap bulanan kepada DPLK. Selama tahun 2009 dan 2008 iuran pensiun yang merupakan kontribusi Perusahaan adalah sebesar 3%(2008: 8%) dari gaji pokok bulanan karyawan dan diakui sebagai beban personalia dalam laporan laba rugi tahun berjalan sebesar Rp 661.767 dan Rp 25.757.160. Tabel-tabel berikut ini meringkas unsur beban imbalan kerja bersih yang diakui dalam laporan laba rugi dan jumlahjumlah yang diakui dalam neraca untuk kewajiban imbalan kerja seperti ditentukan oleh aktuaris independen. a. Beban Imbalan Kerja Bersih 2009 Rp Biaya Jasa Kini Biaya Bunga Amortisasi Biaya Jasa Lalu yang Belum Diakui Amortisasi Keuntungan Aktuaria Biaya Jasa Lalu atas Perubahan Kebijakan Manfaat Keuntungan Sebagai Akibat Pengunduran Diri Kary r awan Beban Imbalan Kerja Bersih
3.580.166 2.199.296 -491.732 --6.271.194
2008 Rp 4.626.712 2.282.010 15.163.859 9.392.513 8.018.446 (47.683.919) (8.200.379)
2007 Rp 4.542.045 2.091.774 36.491 353.922 772.350 -7.796.582
b. Kewajiban Imbalan Kerja
Nilai Kini Kewaj a iban Imbalan Kerjra Kary r awan Kerugian Akturial yang Belum Diakui Biaya Jasa Lalu yang Belum Diakui Kewajiban Imbalan Kerja
2009 Rp
2008 Rp
2007 Rp
21.250.264 (716.308) -20.533.956
18.327.469 (2.617.124) -15.710.345
40.910.511 (8.444.995) (8.317.202) 24.148.314
Perubahan kewajiban imbalan kerja untuk tahun-tahun yang berakhir pada 31 Desember 2009, 2008 dan 2007 adalah sebagai berikut:
Saldo Awal Beban Imbalan Kerjra Bersih Pembayaran Imbalan Saldo Akhir
2009 Rp
2008 Rp
2007 Rp
15.710.345 6.271.194 (1.447.583) 20.533.956
24.148.314 (8.200.379) (237.590) 15.710.345
16.664.634 7.796.582 (312.902) 24.148.314
Penyisihan imbalan kerja karyawan pada 31 Desember 2009, 2008, dan 2007 telah dihitung oleh aktuaris independen, PT Sentra Jasa Aktuaria, dalam laporannya tertanggal 15 Maret 2010, 30 Maret 2009, dan 14 Maret 2008. 133
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) Asumsi-asumsi utama yang dipakai dalam menentukan kewajiban imbalan kerja pada tanggal 31 Desember 2009, 2008 dan 2007 adalah sebagai berikut: 2009 Tingkat diskonto per tahun Kenaikan gaji tahunan per tahun Hasil yang diharapkan dari aset program per tahun Mortalitas Umur pensiun normal Tingkat cacat
10,00% 10,00% 9,00% TMI '99 55 tahun 5% dari mortalitas
2008 12,00% 10,00% 9,00% TMI '99 55 tahun 5% dari mortalitas
2007 10,00% 8,00% TMI '99 55 tahun 5% dari mortalitas
Tingkat perputaran pekerja sebesar 2,0% untuk karyawan yang berumur dibawah 30 tahun dan akan turun secara garis lurus sampai 0% pada umur 52 tahun.
21. Kompensasi Berbasis Saham Berdasarkan Rapat Umum Pemegang Saham Luar Biasa ("RUPSLB") pada tanggal 19 Desember 2007, pemegang saham Perusahaan menyetujui pengalihan Modal Saham Diperoleh Kembali untuk dijual kepada karyawan dan manajemen Perusahaan melalui Program Employee/Management Stock Option Plan Trimegah ("EMSOP Trimegah"). Jangka waktu berlangsungnya EMSOP Trimegah terhitung sejak disetujui dan diputuskan dalam RUPSLB pada tanggal 19 Desember 2007 sampai dengan tanggal 13 Agustus 2010, dengan 3 (tiga) tahap pelaksanaan dan 2 (dua) periode setiap tahapnya yaitu sebagai berikut: Jadwal pelaksanaan EMSOP Trimegah, yaitu: x Tahap pertama : 17 Maret 2008 sampai dengan 13 Agustus 2010 x Tahap kedua : 17 Maret 2009 sampai dengan 13 Agustus 2010 x Tahap ketiga : 17 Maret 2009 sampai dengan 13 Agustus 2010 Periode Pelaksanaan EMSOP Trimegah, sebagai berikut: x Tahun 2008 : 19 Mei 2008 - 30 Juni 2008 dan 12 Nopember 2008 - 24 Desember 2008 x Tahun 2009 : 20 Mei 2009 - 30 Juni 2009 dan 13 Nopember 2009 - 24 Desember 2009 x Tahun 2010 : 24 Mei 2009 - 2 Juli 2010 dan 5 Juli 2010 - 13 Agustus 2010 Pihak yang memenuhi syarat untuk menerima EMSOP Trimegah adalah direksi dan karyawan kunci Perusahaan dengan mengacu kepada masa kerja, kepangkatan dan kinerja. lkhtisar posisi EMSOP pada tanggal 31 Desember 2009, termasuk perubahan-perubahan untuk tahun berjalan adalah sebagai berikut: Jumlah
Hak Opsi Saham yang Diberikan Selama Tahun Berjralan Hak Opsi Saham yang Tidak Dieksekusi Selama Tahun 2009 Hak Opsi Saham yang Dieksekusi Selama Tahun 2009 Harga Opsi Saham yang Gagal diperoleh (forfeit ( t) oleh Kary r awan Jumlah Hak Opsi Saham yang beredar pada akhir Tahun Nilai Waj a ar Hak Opsi pada saat Pemberian Hak Opsi Saham
134
56.865.000 48.713.719 -21.712.685 83.866.034
Rata-rata Tertimbang Harga Ekseskusi Opsi 247 247 --247 66,43
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) lkhtisar posisi EMSOP pada tanggal 31 Desember 2008, termasuk perubahan-perubahan untuk tahun berjalan adalah sebagai berikut: Jumlah
Rata-rata Tertimbang Harga Ekseskusi Opsi
Hak Opsi Saham yang Diberikan Selama Tahun Berjalan Hak Opsi Saham yang Tidak Dieksekusi Selama Tahun 2008
56.864.906 48.731.617
247 247
Hak Opsi Saham yang Dieksekusi Selama Tahun 2008 Harga Opsi Saham yang Gagal diperoleh (forfeit ( t) oleh Kary r awan
-8.151.289 48.731.617
--247 66,43
Jumlah Hak Opsi Saham yang beredar pada akhir Tahun Nilai Wajar Hak Opsi pada saat Pemberian Hak Opsi Saham
Beban kompensasi yang diakui dalam laporan laba rugi berjalan sehubungan dengan opsi saham untuk tahun-tahun yang berakhir pada tanggal 31 Desember 2009 dan 2008 adalah sebesar Rp 6.230.619 dan Rp 4.933.284 dan dikreditkan ke akun opsi saham di sisi ekuitas. Nilai wajar dari setiap hak opsi diestimasi pada setiap tanggal pemberian hak opsi dengan menggunakan model "modified black-scholes", dengan asumsi utama sebagai berikut: Dividen yang diharapkan Harga saham saat tanggal pemberian opsi (dalam Rupiah penuh) Harga pelaksanaan (dalam Rupiah penuh) Volatifitas harga saham yang diharapkan Suku bunga bebas risiko Tingkat opsi yang gagal diperoleh
0% 240 247 53,07% 8,9% 14,88%
22. Biaya Masih Harus Dibayar dan Pencadangan
Tunjangan Lain-lain Bonus Jasa Profesional Beban Pemasaran Komisi Penjualan Lain-lain (masing-masing di bawah Rp 200.000) Jumlah
135
2009 Rp
2008 Rp
2007 Rp
5.816.452 2.750.000 439.000 334.417 178.953 653.311 10.172.133
3.000.000 8.584.434 420.391 216.403 428.755 585.282 13.235.265
-26.000.000 272.700 536.879 3.026.134 428.439 30.264.152
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) 23. Surat Hutang Jangka Pendek Surat hutang jangka pendek Perusahaan yang diterbitkan pada tahun 2009, 2008 dan 2007 adalah sebagai berikut: Nilai Nominal Rp TRIM PN VI Tahun 2007 TRIM PN VII Tahun 2007 TRIM PN VIII Tahun 2007 TRIM PN IX Tahun 2008 TRIM PN X Tahun 2008 TRIM PN XI Tahun 2008 TRIM PN XIIA Tahun 2008 TRIM PN XIVA Tahun 2008 TRIM PN XIIIA Tahun 2008 TRIM PN XIIB Tahun 2008 TRIM PN XIVB Tahun 2008 TRIM PN XIIIB Tahun 2008 TRIM PN XV Tahun 2008 TRIM PN XVI Tahun 2008
50.750.000 53.900.000 32.850.000 26.400.000 43.950.000 58.350.000 39.850.000 54.200.000 25.750.000 25.800.000 22.250.000 15.700.000 8.000.000 28.050.000
Diskonto Rp (3.053.199) (2.473.504) (514.865) (628.207) (2.142.648) (2.844.676) (2.038.580) (1.477.163) (1.311.090) (2.008.125) (1.135.088) (1.221.999) (408.121) (147.251)
Jumlah Rp
Tanggal Jatuh Tempo
Tingkat Diskonto
47.696.801 10 Juli 2007 12,470%-13,370% 51.426.496 5 September 2007 11,875%-12,470% 32.335.135 5 September 2007 11,875%-12,470% 25.771.793 24 April 2008 11,521% 41.807.352 4 Agustus 2008 12,169% 55.505.324 29 Oktober 2008 12,169% 37.811.420 30 Desember 2008 12,770% 52.722.837 11 Nopember 2008 12,415% 24.388.910 28 Januari 2009 12,770% 23.791.875 31 Maret 2009 13,440% 21.114.912 9 Pebruari 2009 13,440% 14.478.001 28 April 2009 13,440% 7.591.879 28 April 2009 12,770% 27.902.749 12 April 2010 12,530%
Surat hutang jangka pendek yang belum jatuh tempo pada tanggal 31 Desember 2009 adalah: Nilai Nominal Rp TRIM PN XVI Tahun 2008 Jumlah
28.050.000 28.050.000
Diskonto yang Belum Diamortisasi Rp (901.354) (901.354)
Jumlah Rp 27.148.646 27.148.646
Surat hutang jangka pendek yang belum jatuh tempo pada tanggal 31 Desember 2008 adalah: Nilai Nominal Rp
Diskonto yang Belum Diamortisasi Rp
Jumlah Rp
TRIM PN XIIB Tahun 2008 TRIM PN XIIIA Tahun 2008 TRIM PN XIIIB Tahun 2008 TRIM PN XIVB Tahun 2008 TRIM PN XV Tahun 2008
25.800.000 25.700.000 15.700.000 22.250.000 8.000.000
(787.500) (238.612) (625.986) (296.755) (317.428)
25.012.500 25.461.388 15.074.014 21.953.245 7.682.572
Jumlah
97.450.000
(2.266.281)
95.183.719
Surat hutang jangka pendek Perusahaan telah dilunasi seluruhnya pada tanggal jatuh tempo masing-masing surat hutang jangka pendek tersebut.
136
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) 24. Hutang Obligasi
Nilai Nominal: Obligasi I Obligasi II Jumlah Biaya Emisi Obligasi yang Belum Diamortisasi: Obligasi I Obligasi II Jumlah Jumlah Hutang Obligasi Biaya Emisi: Obligasi I Obligasi II Jumlah Dikurangi : Akumulasi Amortisasi Obligasi I Obligasi II Jumlah Akumulasi Amortisasi Biaya Emisi Obligasi yang Belum Diamortisasi
2009 Rp
2008 Rp
2007 Rp
-150.000.000 150.000.000
41.350.000 200.000.000 241.350.000
41.350.000 300.000.000 341.350.000
-(205.164) (205.164) 149.794.836
(55.113) (718.509) (773.622) 240.576.378
(157.911) (1.753.953) (1.911.864) 339.438.136
-2.444.462 2.444.462
3.729.122 2.444.462 6.173.584
3.729.122 2.444.462 6.173.584
-(2.239.298) (2.239.298) 205.164
(3.674.009) (1.725.953) (5.399.962) 773.622
(3.571.210) (690.510) (4.261.720) 1.911.864
Obligasi I PT Trimegah Securities Tbk Tahun 2004 Pada tanggal 14 Juli 2004, Perusahaan menerbitkan dan mendaftarkan Obligasi I PT Trimegah Securities Tbk Tahun 2004 ("Obligasi I Trimegah") dengan tingkat bunga tetap sebesar 12,875% per tahun dengan nilai nominal sebesar Rp 300.000.000 pada BEI. Bunga Obligasi Trimegah I tersebut dibayarkan setiap triwulan dimulai pada tanggal 14 Oktober 2004. Obligasi tersebut berjangka waktu 5 (lima) tahun dan jatuh tempo pada tanggal 14 Juli 2009. Obligasi I Trimegah tersebut memperoleh pernyataan efektif dari BAPEPAM-LK berdasarkan Surat No. S1980/PM/2004 tanggal 30 Juni 2004. Persyaratan dalam perjanjian dengan wali amanat, PT Bank Rakyat Indonesia (Persero) Tbk ("BRI"), sehubungan dengan hutang Obligasi I Trimegah tersebut meliputi covenant, antara lain: a. Memelihara perbandingan antara jumlah kewajiban bersih (jumlah kewajiban yang memiliki kewajiban pembayaran bunga dikurangi kas dan setara kas) dengan ekuitas (net debt to equity) y tidak lebih dari 4:1. b. Memelihara perbandingan antara jumlah laba sebelum bunga, pajak dan penyusutan/amortisasi dengan jumlah beban bunga bersih (jumlah beban bunga dikurangi jumlah pendapatan bunga) tidak kurang dari 2,5:1. c. Mengajukan permohonan pailit atau Penundaan Kewajiban Pembayaran Utang ("PKPU") kecuali permohonan PKPU yang dilakukan karena adanya gugatan pailit dari pihak ketiga kepada Perusahaan. d. Mengurangi modal dasar, modal ditempatkan dan modal disetor Perusahaan kecuali pembelian kembali saham Perusahaan yang diperkenankan oleh perundang-undangan yang berlaku. e. Memberikan hutang atau pinjaman baru kepada pihak manapun di luar dari kegiatan inti Perusahaan seharihari. Obligasi I Trimegah dijamin dengan piutang marjin Perusahaan (lihat Catatan 6) berdasarkan skema berikut: a. Minimal 30% dari piutang marjin sejak tanggal emisi (14 Juli 2004) b. Menjadi 75% dari piutang marjin sejak 31 Desember 2004 c. Menjadi 100% dari piutang marjin sejak tanggal 31 Maret 2005 sampai jatuh tempo obligasi per tanggal 14 Juli 2009. Apabila jumlah piutang marjin lebih kecil dari skema di atas, Perusahaan harus menempatkan jaminan tambahan dan/atau jaminan konversi piutang nasabah dan/atau unit penyertaan reksadana dan/atau portofolio efek Iainnya dan/atau deposito berjangka yang dimiliki Perusahaan. 137
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) Pada tanggal 31 Desember 2008 dan 2007, Perusahaan telah memenuhi seluruh jaminan yang ditetapkan dalam persyaratan perjanjian Obligasi I Trimegah. Berdasarkan laporan PT Pemeringkat Efek Indonesia ("PT Pefindo") No. 265/PEF-Dir/IV/2004 tanggal 14 Mei 2004, peringkat Obligasi I PT Trimegah Securities Tbk Tahun 2004 adalah idA-. Pada tanggal 29 Juni 2009, 17 Juni 2008, dan 5 Juni 2007, PT Pefindo menetapkan peringkat obligasi Obligasi I PT Trimegah Securities Tbk Tahun 2004 tetap pada idA-. Pada tanggal 12 Juli 2009, Perusahaan telah melakukan pelunasan atas Obligasi I Trimegah sebesar Rp 41.350.000. Obligasi II PT Trimeqah Securities Tbk Tahun 2007 Pada tanggal 12 Juli 2007, Perusahaan menerbitkan dan mendaftarkan Obligasi II PT Trimegah Securities Tbk. Tahun 2007 ("Obligasi II Trimegah") dengan tingkat bunga tetap dengan nilai nominal sebesar Rp 300.000.000 pada BEI. Bunga Obligasi II Trimegah tersebut dibayarkan setiap triwulan dimulai pada tanggal 12 Oktober 2007. Penerbitan Obligasi II Trimegah tersebut telah memperoleh pernyataan efektif dari BAPEPAM-LK berdasarkan surat No. S-3239/BL/2007 tanggal 29 Juni 2007. Obligasi II Trimegah terdiri dari 3 seri sebagai berikut: a.
Seri A:
b.
Seri B:
c.
Seri C:
Nilai nominal Rp100.000.000 dengan tingkat bunga 10,000% per tahun dan berjangka waktu 370 hari sejak tanggal emisi (jatuh tempo pada tanggal 22 Juli 2008). Nilai nominal Rp 50.000.000 dengan tingkat bunga 10,375% per tahun dan berjangka waktu dua (2) tahun sejak tanggal emisi (jatuh tempo pada tanggal 12 Juli 2009). Nilai nominal Rp150.000.000 dengan tingkat bunga 10,875% per tahun dan berjangka waktu tiga (3) tahun sejak tanggal emisi (jatuh tempo pada tanggal 12 Juli 2010).
Berdasarkan surat PT Pefindo No. 314/PEF-DIR/VI//2007 tanggal 5 Juni 2007 peringkat Obligasi II Trimegah Tahun 2007 adalah IdA-. Pada tanggal 29 Juni 2009 dan 17 Juni 2008, PT Pefindo menetapkan peringkat obligasi Obligasi II PT Trimegah Securities Tbk Tahun 2007 tetap pada idA-. Persyaratan dalam perjanjian wali amanat, BRI, sehubungan dengan hutang Obligasi II Trimegah tersebut meliputi covenant, antara lain: a. Perusahaan tidak diperbolehkan menjamin atau membebani dengan cara apapun baik sebagian (dengan nilai lebih dari 75% harta kekayaan Perusahaan) maupun seluruh harta kekayaan Perusahaan termasuk hak atas pendapatan Perusahaan baik yang telah ada maupun yang akan ada di kemudian hari kepada pihak ketiga. b. Memberikan jaminan perusahaan (corporate guarantee) kepada pihak lain. c. Memberikan hutang atau jaminan kepada pihak manapun. d. Menjual atau mengalihkan dengan cara apapun juga harta kekayaan Perusahaan yang jumlahnya lebih dari 10% dari seluruh harta kekayaan Perusahaan berdasarkan laporan keuangan Perusahaan yang telah diaudit kecuali penjualan atau pengalihan yang dilakukan dalam suatu transaksi perdagangan yang normal sesuai dengan kegiatan usaha Perusahaan. e. Melakukan penggabungan dan/atau peleburan dan/atau pengambilalihan, kecuali penggabungan dan/atau peleburan, dan/atau pengambilalihan yang dilakukan pada perusahaan dengan bidang usaha yang sama dan/atau mendukung bidang usaha Perusahaan sepanjang tidak menyebabkan perubahan material dari kegiatan usaha dan berakibat negatif terhadap kemampuan Perusahaan untuk melaksanakan kewajiban berdasarkan Perjanjian Perwaliamanatan. f. Mengadakan perubahan dalam arti mengurangi sifat dan ruang lingkup usaha. g. Mengajukan permohonan pailit atau PKPU, kecuali permohonan PKPU yang dilakukan sehubungan dengan adanya gugatan pailit dari pihak ketiga kepada Perusahaan. h. Mengurangi modal dasar, modal ditempatkan dan modal disetor Perusahaan, kecuali pembelian kembali saham Perusahaan yang diperkenankan oleh peraturan perundang-undangan yang berlaku.
138
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) Perusahaan wajib, antara lain: a. Menyetorkan dana (in good fund) yang diperlukan untuk pelunasan pokok obligasi atau pembayaran bunga obligasi yang jatuh tempo kepada agen pembayaran paling lambat 1 hari bursa sebelum tanggal pembayaran bunga obligasi. b. Memenuhi kewajiban keuangan berdasarkan laporan keuangan tahunan yang telah diaudit dengan memelihara perbandingan antara laba sebelum bunga, pajak dan penyusutan/amortisasi dengan total beban bunga bersih (total beban bunga dikurangi jumlah pendapatan bunga) tidak kurang dari 2,5 : 1. c. Mempertahankan Modal Kerja Bersih Disesuaikan (MKBD) sesuai dengan peraturan BAPEPAM-LK. Pada tanggal 31 Desember 2009, 2008 dan 2007, Perusahaan telah memenuhi seluruh persyaratan dalam perjanjian sehubungan dengan Obligasi lI Trimegah diatas. Pada tanggal 12 Juli 2009 dan 22 Juli 2008, Perusahaan telah melakukan pelunasan Obligasi II Trimegah seri B dan seri A masing-masing sejumlah Rp 50.000.000 dan Rp 100.000.000. 25. Hutang Bunga 2009 Rp Obligasi II Trimegah Securities Tbk Tahun 2007 Obligasi I Trimegah Securities Tbk Tahun 2004 Pinjaman dari PT Bank Sinarmas Pinjaman dari PT Bank Permata Tbk Pinjaman dari PT Bank Central Asia Tbk Pinjaman dari PT Bank Mandiri (Persero) Tbk Jumlah
3.534.374 -31.771 27.778 25.321 5.556 3.624.800
2008 Rp 4.658.333 1.153.493 ----5.811.826
2007 Rp 6.824.995 1.153.493 -246.361 168.060 35.625 8.428.534
Rincian beban bunga obligasi Perusahaan untuk tahun pelaporan adalah sebagal berikut:
Obligasi II PT Trimegah Securities Tbk Tahun 2007 Obligasi I PT Trimegah Securities Tbk Tahun 2004 Jumlah
2009 Rp
2008 Rp
2007 Rp
19.079.166 2.839.367 21.918.533
27.111.111 5.323.813 32.434.924
14.700.000 5.323.813 20.023.813
Jumlah beban bunga untuk fasifitas kredit dari bank untuk tahun-tahun yang berakhir pada 31 Desember 2009, 2008 dan 2007 masing-masing adalah sebesar Rp 1.685.205, Rp 13.501.370 dan Rp 6.880.022 (lihat Catatan 37). 26. Modal Saham Jumlah Saham (Lembar) MLPFS S/A Demerara Limited Deutsche Bank AG, London United Investment Inc. Northern TST GSL Re Clients - Treaty Accounts Masyarakat (masing-masing di bawah 5%)
915.753.000 822.819.047 727.752.750 350.000.000 637.975.203 3.454.300.000 200.700.000 3.655.000.000
Modal Saham Diperoleh Kembali Jumlah
139
2009 Persentase Kepemilikan 26,51% 23,82% 21,07% 10,13% 18,47% 100,00%
Jumlah Rp 45.787.650 41.140.952 36.387.638 17.500.000 31.898.760 172.715.000 10.035.000 182.750.000
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain)
Jumlah Saham (Lembar) MLPFS S/A Demerara Limited Deutsche Bank AG, London United Investment Inc. Northern TST GSL Re Clients - Treaty Accounts Avi Y. Dwipayana (Presiden Direktur) Desimon (Direktur) Masyarakat (masing-masing di bawah 5%)
915.753.000 892.808.500 727.752.750 350.000.000 2.236.500 1.863.500 563.885.750 3.454.300.000 200.700.000 3.655.000.000
Modal Saham Diperoleh Kembali Jumlah
Jumlah Saham (Lembar) MLPFS S/A Demerara Limited United Investment Inc. Morgan Stanley & Co. Intl PLC - IPB Client Account RBC Dexia Investor Services Trust - Treaty Accounts PT Dwipa Miranda Lestari Avi Y. Dwipayana (Presiden Direktur) Masyarakat (masing-masing di bawah 5%)
915.753.000 727.752.750 662.258.000 350.000.000 77.400.000 48.400.000 672.736.250 3.454.300.000 200.700.000 3.655.000.000
Modal Saham Diperoleh Kembali Jumlah
2008 Persentase Kepemilikan 26,51% 25,85% 21,07% 10,13% 0,06% 0,05% 16,32% 100,00%
2007 Persentase Kepemilikan 26,51% 21,07% 19,17% 10,13% 2,24% 1,40% 19,48% 100,00%
Jumlah Rp 45.787.650 44.640.425 36.387.638 17.500.000 111.825 93.175 28.194.287 172.715.000 10.035.000 182.750.000
Jumlah Rp 45.787.650 36.387.637 33.112.900 17.500.000 3.870.000 2.420.000 33.636.813 172.715.000 10.035.000 182.750.000
Pada tanggal 29 Mei 2007, Spinnaker Asset Management - SAM Limited ("SAM Limited") yang merupakan afiliasi dariSpinnaker Global Emerging Markets Fund Ltd., Spinnaker Global Opportunity Fund Ltd., dan Spinnaker Global Strategic Fund Ltd. atau perusahaan afiliasi lainnya ("Spinnaker Capital Funds"), telah menandatangani Perjanjian Jual Beli Saham ("PJBS") dengan para pemegang saham Perusahaan yaitu United Investment Inc., PT Philadel Terra Lestari dan Tuan Pieter Tanuri, sehubungan dengan akuisisi sejumlah 914.752.750 saham ("Akuisisi") yang merupakan 25,02% dari seluruh saham yang ditempatkan dan disetor penuh pada Perusahaan dengan nilai pembelian sebesar Rp 215 (nilai penuh) per saham. Pada tanggal 9 Juli 2007, MLPFS S/A Demerara Limited ("Demerara Limited"), perusahaan yang 100% dimiliki oleh Spinnaker Emerging Global Emerging Market Funds Limited, melakukan pengambilalihan terhadap sejumlah 914.752.750 saham yang merupakan 25,02% dari saham PT Trimegah Securities Tbk yang ditempatkan dan disetorkan secara penuh. Dengan dilakukannya pengambilalihan saham tersebut, maka Demerara Limited menjadi pemegang saham pengendali baru. Untuk memenuhi peraturan BAPEPAM-LK No. 1X.H.1 tentang Pengambilalihan Perusahaan Terbuka, lampiran dari Keputusan Ketue BAPEPAM-LK No. Kep-05/PM/2002 tanggal 3 April 2002, maka Demerara Limited berkewajiban melakukan penawaran tender terhadap 1.811.794.500 saham yang mewakili 49,57% dari seluruh saham yang ditempatkan dan disetor secara penuh pada PT Trimegah Securities Tbk yang dimiliki oleh masyarakat dan bukan oleh pemegang saham utama maupun pihak pengendali lainnya. Pada tanggal 13 Juli 2007, Direksi Demerara Limited mengumumkan rencana penawaran tender tersebut dalam dua surat kabar Indonesia. BAPEPAM-LK telah memberikan persetujuan atas akuisisi saham tersebut berdasarkan suratnya No. S-3268/BL/2007 tertanggal 5 Juli 2007.
140
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) Modal saham diperoleh kembali Berdasarkan Rapat Umum Pemegang Saham Luar Biasa sebagaimana tercantum dalam Akta No. 62 tanggal 20 Mei 2003 yang dibuat dihadapan Fathiah Helmi, S.H., notaris di Jakarta, pemegang saham menyetujui pembelian kembali saham Perusahaan yang dimiliki publik sesuai dengan peraturan BAPEPAM-LK No. XI.B.2 dalam jangka waktu 18 bulan dengan syarat sebagai berikut: - Jumlah maksimum pembelian kembali saham adalah 340.000.000 lembar saham atau 10% dari modal yang ditempatkan dan disetor penuh (3.400.000.000 lembar saham). - Jumlah maksimum dana untuk pembelian kembali saham Perusahaan adalah Rp 27.336.000, termasuk beban transaksi, komisi perantara dan beban-beban lain yang mungkin timbul berkaitan dengan pembelian kembali saham tersebut. Untuk pelaksanaan pembelian kembali saham tersebut, Perusahaan menunjuk PT Artha Pacific Securities sebagai perantara pedagang efek Perusahaan. Perusahaan telah membeli kembali sejumlah 200.700.000 lembar saham dengan harga perolehan sebesar Rp 16.056.000 (lihat Catatan 1.c) dalam jangka waktu 18 bulan. Padatanggal-tanggal 31 Desember 2009, 2008 dan 2007, Perusahaan mempunyai modal disetor diatas ketentuan yang ditetapkan oleh Keputusan Menteri Keuangan No. 179/KMK.010/2003 tentang kepemilikan saham dan permodalan perusahaan efek. 27. Tambahan Modal Disetor Akun ini merupakan agio saham yang berasal dari selisih antara hasil penerimaan dari penawaran perdana saham kepada masyarakat dikurangi dengan pembagian saham bonus dan biaya emisi saham. Saldo pada tanggal-tanggal 31 Desember 2009, 2008 dan 2007 adalah sebagai berikut: Penawaran Umum Perdana 50.000.000 Saham dengan Harga Rp 2.000 untuk Nilai Nominal Rp 500 (nilai penuh) per Saham Pembagian Saham Bonus (Lihat Catatan 1.c) Biaya Emisi Saham Jumlah
75.000.000 (70.000.000) (4.355.025) 644.975
28. Komisi Perantara Perdagangan Efek Akun ini merupakan komisi yang diperoleh dari aktivitas Perusahaan sebagai perantara pedagang efek dengan komisi jual rata-rata sebesar 0,4% dan komisi beli rata-rata sebesar 0,3% dari jumlah transaksi termasuk biaya transaksi bursa efek dan pajak. 29. Jasa Penasihat Investasi Akun ini merupakan imbalan atas jasa penasehat yang diberikan Perusahaan kepada nasabahnya yang akan melakukan restrukturisasi keuangan, divestasi aset dan penjualan aset strategis. 30. Pendapatan Bunga - Bersih 2009 Rp Pendapatan Bunga dari Efek Obligasi Pendapatan Bunga atas Piutang Nasabah - Bersih Pendapatan Bunga Lain-lain Jumlah
17.530.960 15.603.363 255.399 33.389.722
141
2008 Rp 24.516.506 77.133.221 289.160 101.938.887
2007 Rp 10.639.955 80.157.404 409.230 91.206.589
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) 31. Keuntungan (Kerugian) dari Perdagangan Efek - Bersih Akun ini merupakan keuntungan bersih dari transaksi perdagangan efek termasuk (kerugian) keuntungan yang belum direalisasi akibat (penurunan) kenaikan nilai efek. 2009 Rp Laba atas Penjualan Reksadana - Bersih Laba Penjualan Obligasi Laba (Rugi) Belum Terealisasi atas Efek Untuk Diperdagangkan - Bersih Realisasi Laba (Rugi) Penjualan Efek Diperdagangkan - Bersih Jumlah
2.464.871 1.589.850 (7.397) 1.674.375 5.721.699
2008 Rp 506.022 2.333.392 (4.173.428) (10.438.587) (11.772.601)
2007 Rp 7.032.857 5.427.328 22.931.495 7.003.203 42.394.883
32. Jasa Penjaminan Emisi dan Penjualan Efek Akun ini merupakan imbalan jasa yang diterima Perusahaan sebagai penjamin emisi dan agen penjualan atas penawaran umum saham dan obligasi serta penawaran umum terbatas dengan hak memesan terlebih dahulu atas saham dan reksadana.
Penjaminan Emisi Agen Penjualan Jumlah
2009 Rp
2008 Rp
2007 Rp
8.037.927 6.044.405 14.082.332
15.009.470 17.758.239 32.767.709
10.141.514 4.930.721 15.072.235
33. Jasa Manajemen Investasi Akun ini merupakan imbalan jasa yang diperoleh Perusahaan sebagai manajer investasi dari dana yang dikelola Perusahaan (lihat Catatan 40 dan 41).
34. Gaji dan Tunjangan
Gaji dan Tunjangan Pesangon Karyawan Bonus Penghargaan Komisaris Jumlah
2009 Rp
2008 Rp
2007 Rp
79.290.547 -2.750.000 -82.040.547
96.708.067 1.963.983 6.000.000 -104.672.050
96.051.740 312.902 26.000.000 8.288.305 130.652.947
Jumlah kompensasi yang diberikan oleh Perusahaan kepada Dewan Komisaris dan Direksi untuk tahun-tahun yang berakhir pada 31 Desember 2009, 2008 dan 2007 masing-masing adalah sebesar Rp 14.270.955, Rp 16.985.926 dan Rp 9.794.553. Pada tanggal 11 Juli 2007, Perusahaan memberikan uang penghargaan sebesar Rp 8.288.305 kepada Komisaris yang telah mengundurkan diri.
142
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) 35. Iklan dan Promosi 2009 Rp Beban Pemasaran Beban Iklan Jumlah
2008 Rp
2007 Rp
12.787.945 5.317.848 18.105.793
11.110.058 3.445.457 14.555.515
2009 Rp
2008 Rp
2007 Rp
5.777.164 13.286.405 19.063.569
9.426.274 8.866.426 18.292.700
9.998.664 2.205.581 12.204.245
2009 Rp
2008 Rp
2007 Rp
21.918.533 3.774.487 1.685.205 189.989 568.458 834.719 28.971.391
32.434.924 15.558.300 13.501.370 8.224.548 1.138.242 561.944 71.419.328
20.023.813 7.829.661 6.880.022 1.424.862 793.309 837.494 37.789.161
6.824.808 953.702 7.778.510
36. Pendapatan Bunga - Pihak Ketiga
Pendapatan Bunga dari Deposito Pendapatan Bunga dari Jasa Giro Jumlah
37. Beban Bunga dan Keuangan - Pihak Ketiga
Beban Bunga Hutang Obligasi (Lihat Catatan 25) Beban Bunga Surat Hutang Jangka Pendek (Lihat Catatan 23) Pinjaman Bank dan Lainnya (Lihat Catatan 25) Beban Bunga dan Transaksi Repo (Lihat Catatan 17) Amortisasi Biaya Emisi Obligasi (Lihat Catatan 24) Administrasi Bank dan Lainnya Jumlah
38. Laba Per Saham Dasar Laba usaha dan laba bersih untuk tujuan penghitungan laba per saham adalah sebagai berikut:
Laba Usaha Laba Bersih
2009 Rp
2008 Rp
2007 Rp
37.901.851 21.186.993
95.526.672 31.282.964
154.084.025 95.718.973
Jumlah saham berdasarkan rata-rata tertimbang saham beredar untuk tujuan penghitungan laba per saham dasar adalah sebesar 3.454.300.000 (jumlah penuh) saham masing-masing pada tanggal 31 Desember 2009, 2008 dan 2007. Pada 31 Desember 2009, 2008, dan 2007, tidak terdapat efek dilusian yang berasal dari Program EMSOP Perusahaan (lihat Catatan 21) disebabkan harga eksekusi opsi saham lebih tinggi dibandingkan dengan harga pasar saham Perusahaan pada tanggal neraca.
143
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) Laba per saham dasar pada 31 Desember 2009, 2008 dan 2007 adalah sebagai berikut: 2009 Laba per Saham Dasar Laba Usaha per Saham Laba Bersih per Saham
2008
11 6
2007
28 9
45 28
39. Dividen Tunai dan Cadangan Umum Berdasarkan keputusan Rapat Umum Pemegang Saham Tahunan sebagaimana tercantum dalam akta No.78 tanggal 25 Juni 2009 yang dibuat dihadapan Fathiah Helmi, S.H., notaris di Jakarta, pemegang saham menyetujui pembagian dividen tunai untuk tahun 2008 sebesar Rp 10.362.900 atau Rp 3 (nilai penuh) per saham dan menetapkan dana cadangan sebesar Rp 200.000. Berdasarkan keputusan Rapat Umum Pemegang Saham Tahunan sebagaimana tercantum dalam akta No.91 tanggal 24 Juni 2008 yang dibuat dihadapan Fathiah Helmi, S.H., notaris di Jakarta, pemegang saham menyetujui pembagian dividen tunai untuk tahun 2007 sebesar Rp 41.451.600 atau Rp 12 (nilai penuh) per saham dan menetapkan dana cadangan sebesar Rp 500.000. Berdasarkan keputusan Rapat Umum Pemegang Saham Tahunan sebagaimana tercantum dalam akta No. 69 tanggal 28 Juni 2007 yang dibuat dihadapan Fathiah Helmi, S.H., notaris di Jakarta, pemegang saham menyetujui pembagian dividen tunai untuk tahun 2006 sebesar Rp 34.543.000 atau Rp 10 (nilai penuh) per saham dan menetapkan dana cadangan sebesar Rp 500.000. 40. Sifat dan Transaksi Hubungan Istimewa Sifat Hubungan Istimewa a. Tn. Avi Y. Dwipayana dan PT Dwipa Miranda Lestari adalah pemegang saham Perusahaan. b. Karyawan kunci dan direksi merupakan orang-orang yang mempunyai wewenang dan tanggung jawab untuk merencanakan, memimpin dan mengendalikan kegiatan Perusahaan. Transaksi-transaksi Hubungan Istimewa Perusahaan, dalam kegiatan usaha normalnya, melakukan beberapa transaksi dengan pihak-pihak yang mempunyai hubungan istimewa dimana transaksi tersebut dilakukan dengan harga dan syarat, yang sama dengan pihak yang tidak mempunyai hubungan istimewa. Perusahaan berkeyakinan bahwa tidak terdapat benturan kepentingan atas transaksi-transaksi dengan pihak-pihak yang mempunyai hubungan istimewa sebagaimana dimaksud dalam Peraturan BAPEPAM-LK No. IX.E.I tentang Benturan Kepentingan Transaksi Tertentu, sampai dengan tanggal laporan keuangan ini diselesaikan. Transaksi-transaksi dengan pihak yang mempunyai hubungan istimewa adalah sebagai berikut: a. Tn. Avi Y. Dwipayanamerupakan salah satu nasabah dari Perusahaan. Pada tanggal 31 Desember 2009, 2008 dan 2007, Perusahaan memiliki hutang kepadanya masing-masing sebesar Rp 1.353.457, Rp 184.020 dan Rp 55.217 (lihat Catatan 18). Pada tanggal 31 Desember 2009, Tn. Avi Y. Dwipayana memiliki hutang kepada Perusahaan sebesar Nihil (2008: Nihil; 2007: Rp 7.915.312) (lihat Catatan 11). b. Tn. Desimon merupakan salah satu nasabah dari Perusahaan. Pada tanggal 31 Desember 2009. Perusahaan memiliki piutang dari yang bersangkutan sebesar Rp 89.595 (lihat Catatan 9). c. Perusahaan adalah sponsor reksadana berikut ini: TRIM Kapital (sebelumnya bernama Dana Megah Kapital), TRIM Dana Tetap (sebelumnya bernama Trimegah Dana Tetap), TRIM Kombinasi (sebelumnya bernama Trimegah Dana Kombinasi), TRIM Pundi Reksa (sebelumnya bernama Pundi Reksa Rupiah), TRIM Kas (sebelumnya bernama Trimegah Dana Kas), TRIM Dana Stabil (sebelumnya bernama Trimegah Dana Stabil), TRIM Sejahtera (sebelumnya bernama Trimegah Sejahtera), Trimegah Dana Terproteksi, Pundi Terproteksi dan TRIM Kombinasi 2. 144
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) d. Perusahaan memberikan jasa perantara perdagangan efek dan jasa manajemen terhadap reksadana berikut ini: TRIM Kapital, TRIM Dana Tetap, TRIM Kombinasi, TRIM Pundi Reksa, TRIM Kas, TRIM Dana Stabil, TRIM Sejahtera, Trimegah Dana Terproteksi, Pundi Terproteksi, TRIM Lestari, TRIM Kombinasi 2, TRIM Lestari 2, TRIM Syariah Berimbang, TRIM Syariah Saham, TRIM Performs Terproteksi, TRIM Kas 2, TRIM Kapital Plus, TRIM Dana Tetap 2, TRIM Gebyar Terproteksi I, Pooled Fund TRIM Selaras I - VIll dan Pooled Fund TRIM Pendapatan Regular, TRIM Terproteksi Prima II, TRIM Terproteksi Prima III, TRIM Syariah Terproteksi Prima I, TRIM Syariah Terproteksi Prima II dan TRIM Terproteksi Lestari 3. e. Perusahaan bertindak sebagai agen penjual TRIM Dana Stabil dimana selama tahun 2009, 2008 dan 2007 Perusahaan memperoleh jasa penjualan masing-masing sebesar Rp 200.769, Rp 5.315.951 dan Rp 10.313.446. f. Perusahaan mengadakan transaksi penjualan obligasi dengan reksadana yang dikelolanya. Saldo-saldo signifikan dengan pihak-pihak yang mempunyai hubungan istimewa adalah sebagai berikut: 2009 Rp Aset Portfolio Efek - Unit Penyertaan Reksadana (Lihat Catatan 5) Persentase terhadap Jumlah Aset Piutang Nasabah (Lihat Catatan 9) Persentase terhadap Jumlah Aset Piutang Lain-lain (Lihat Catatan 11) Persentase terhadap Jumlah Aset Kewajiban Hutang Nasabah (Lihat Catatan 18) Persentase terhadap Jumlah Kewajiban
2008 Rp
2007 Rp
78.003.388 8,31% 9.429.632 1,00% ---
3.003.388 0,31% 2.562.223 0,26% ---
4.366.854 0,26% 8.735.495 0,52% 7.915.312 0,47%
8.968.194 1,56%
10.383.837 1,77%
9.871.247 0,80%
Transaksi-transaksi signifikan dengan pihak-pihak yang mempunyai hubungan istimewa adalah sebagai berikut: 2009 Rp Pendapatan Komisi Perantara Perdagangan Efek Persentase terhadap Jumlah Pendapatan Keuntungan dari Perdagangan Efek - Realisasi Laba atas Penjualan Reksadana Persentase terhadap Jumlah Pendapatan Laba (Rugi) Penjualan Obligasi Persentase terhadap Jumlah Pendapatan Jasa Manajemen Investasi Persentase terhadap Jumlah Pendapatan
145
2008 Rp
2007 Rp
5.837.158
7.708.634
9.486.051
3,10%
2,67%
2,77%
1.046.754 0,56% (5.613) 0,00%
2.076.435 0,72% 210.532 0,07%
5.940.941 1,74% 17.685.165 5,17%
45.995.722 24,40%
50.464.207 17,47%
47.798.958 13,96%
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) 41. Ikatan dan Perjanjian a. Perusahaan mengadakan kerjasama dengan bank-bank kustodian berikut ini sehubungan dengan Kontrak lnvestasi Kolektif (KIK) Reksadana, dimana Perusahaan bertindak sebagai manajer investasi yang mengelola kekayaan reksadana dan memperoleh imbalan jasa (lihat Catatan 33). Berikut ini adalah KIK Reksadana yang masih berlaku sampai dengan tanggal laporan sebagai berikut:
Tanggal Perjanjian
Bank Kustodian
Reksadana
Maksimum Imbalan Jasa dari Nilai Aset Bersih
8 Nopember 2006
Standard Chartered Indonesia
TRIM Lestari 2
1,50%
10 Maret 1997 dan Perubahan Terakhir tanggal 14 Februari 2007
PT Bank CIMB Niaga Tbk
TRIM Kapital
5,00%
31 Oktober 2001 dan Pembubarannya tanggal 6 Agustus 2008
PT Bank CIMB Niaga Tbk
TRIM Kombinasi
3,00%
31 Oktober 2001 dan Pembubarannya tanggal 6 Agustus 2008
PT Bank CIMB Niaga Tbk
TRIM Dana Tetap
1,50%
20 Januari 2003 dan Pembubarannya tanggal 6 Agustus 2008
PT Bank CIMB Niaga Tbk
TRIM Kas
1,50%
22 Maret 2003 dan Perubahannya tanggal 19 Juni 2007 serta Pembubarannya tanggal 4 September 2008
PT Bank Internasional Indonesia Tbk
TRIM Pundi Reksa
0,25%
18 Nopember 2003 dan Perubahannya tanggal 19 Juni 2007
PT Bank Internasional Indonesia Tbk
TRIM Dana Stabil
2,00%
4 Maret 2005 dan Perubahannya tanggal 14 Desember 2005 serta Pembubarannya tanggal 9 Agustus 2007
PT Bank Internasional Indonesia Tbk
TRIM Sejahtera
2,00%
13 September 2005 serta Pembubarannya tanggal 13 Nopember 2007
PT Bank CIMB Niaga Tbk
Trimegah Dana Terproteksi
1,50%
22 September 2005 dan Pembubarannya tanggal 23 September 2008
PT Bank Internasional Indonesia Tbk
Pundi Terproteksi
1,50%
3 Oktober 2006 serta Pembubarannya tanggal 11 Agustus 2009
Deutsche Bank AG, Indonesia
TRIM Lestari
1,50%
5 Oktober 2006 dan Perubahannya tanggal 25 Maret 2008
Deutsche Bank AG, Indonesia
TRIM Kombinasi 2
5,00%
18 Desember 2006 dan Perubahannya tanggal 25 Maret 2008
Deutsche Bank AG, Indonesia
TRIM Syariah Saham
3,00%
18 Desember 2006 dan Perubahannya tanggal 25 Maret 2008
Deutsche Bank AG, Indonesia
TRIM Syariah Berimbang
3,00%
146
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain)
Tanggal Perjanjian
Bank Kustodian
Reksadana
Maksimum Imbalan Jasa dari Nilai Aset Bersih
4 Januari 2008 serta Pembubarannya tanggal 22 Oktober 2009
PT Bank CIMB Niaga Tbk
TRIM Performa Terproteksi
1,50%
14 Maret 2008
PT Bank CIMB Niaga Tbk
TRIM Kas 2
1,50%
4 April 2008
PT Bank CIMB Niaga Tbk
TRIM Kapital Plus
3,80%
28 April 2008 dan Perubahannya tanggal 11 Agustus 2008
PT Bank CIMB Niaga Tbk
TRIM Dana Tetap 2
1,50%
2 Juni 2008
PT Bank Central Asia Tbk
TRIM Gebyar Terproteksi I
1,50%
26 Nopember 2008
PT Bank CIMB Niaga Tbk
TRIM Terproteksi Prima
1,50%
25 Juli, 14 Agustus, 4 September, 10 September, dan 19 Desember 2008
PT Bank CIMB Niaga Tbk
Pooled Fund TRIM Selaras I - IX dan Pendapatan Reguler
2,00%
6 Januari 2009
PT Bank CIMB Niaga Tbk
TRIM Terproteksi Prima II
1,50%
29 April 2009
PT Bank CIMB Niaga Tbk
TRIM Terproteksi Prima III
1,50%
4 Mei 2009
PT Bank Permata Tbk
TRIM SyariahTerproteksi Prima I
0,50%
4 Mei 2009
PT Bank Negara Indonesia (Persero) Tbk
TRIM SyariahTerproteksi Prima II
1,00%
28 Agustus 2009
Deutsche Bank AG, Indonesia
TRIM Terproteksi Lestari 3
1,50%
b. Pada tanggal 1 Februari 2001, Perusahaan mengadakan perjanjian r kerjasama dengan Bank BCA dimana Bank BCA akan memberikan fasilitas layanan untuk melakukan pembayaran atas pembelian unit penyertaan reksadana TRIM Dana Tetap, reksadana TRIM Kombinasi dan reksadana TRIM Kapital dan pembayaran atas transaksi pembelian saham dengan Perusahaan. Perjanjian ini berlaku selama satu tahun dan terus diperpanjang secara otomatis. 42. Modal Kerja Bersih Disesuaikan Peraturan BAPEPAM-LK No. V.D.5 sebagaimana dimuat dalam lampiran keputusan ketua BAPEPAMLK No. Kep20/PM/2003 tertanggal 8 Mei 2003 dan peraturan BAPEPAM-LK No. X.E.1 yang sebagaimana dimuat dalam lampiran keputusan ketua BAPEPAM-LK No. Kep-06/BL/2006 tertanggal 31 Juli 2006 yang kemudian diperbaharui dengan keputusan ketua BAPEPAM-LK No. Kep-460/BL/2008 tertanggal 10 Nopember 2008, antara lain menetapkan jumlah Modal Kerja Bersih Disesuaikan ("MKBD") bagi perusahaan efek yang menjalankan kegiatan sebagai perantara perdagangan efek yang mengadministrasikan rekening efek nasabah dan penjamin emisi efek sebesar Rp 25.200.000. Pada tanggal 31 Desember 2009, 2008 dan 2007, Perusahaan mempunyai MKBD masing masing sebesar Rp 193.512.237, Rp 205.525.521 dan Rp 287.313.119 yang mana jumlah masing-masing tersebut melebihi ketentuan yang ditetapkan peraturan di atas.
147
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) 43. Perkara Hukum Perusahaan tercatat sebagai Turut Tergugat pada kasus No. 405/Pdt.G/2006/PN.Jkt.Pst di Pengadilan Negeri Jakarta Pusat antara Tn. Ng Ming Hwe sebagai Penggugat dan PT Bank Internasional Indonesia Tbk (“Bank BII”) sebagai Tergugat. Tidak ada kewajiban yang dibebankan pada Perusahaan sehubungan gugatan tersebut, kecuali mentaati keputusan yang diputus majelis hakim terkait kasus tersebut. Pada tanggal 12 September 2007, Majelis Hakim Pengadilan Negeri Pusat telah memutuskan untuk menolak seluruh gugatan Penggugat dan meminta Penggugat untuk mengganti biaya perkara yang timbul. Pada tanggal 28 Januari 2008 Bank BII sebagai Terbanding (semula Tergugat) mengajukan Kontra Memori Banding atas putusan Pengadilan Negeri Jakarta Pusat Perkara No. 405/Pdt.G12007/PN.JKT.PST hanya kepada Ng Ming Hwe selaku Pembanding (semula Penggugat). Pada tanggal 30 April 2008, Pengadilan Negeri Jakarta Pusat mengirimkan surat Pemberitahuan Banding dan Penyerahan Memori No.150/SRT.PDT.BDG/2007/PN.JKT.PST. Jo.NO.405/PDT/G/2006/PN.JKT.PST dimana Ng Ming Hwe sebagai Pembanding dan PT Bank Internasional Indonesia Tbk sebagai Terbanding dan Perusahaan sebagai Turut Terbanding. Pada tanggal 17 Nopember 2008, Majelis Hakim Pengadilan Tinggi DKI Jakarta telah memutuskan untuk menolak seluruh gugatan Pembanding (semula Penggugat) dan meminta Pembanding untuk mengganti biaya perkara yang timbul. Putusan Pengadilan Tinggi DKI Jakarta ini telah diberitahukan kepada: x Pembanding semula Penggugat tanggal 1 Juni 2009; x Terbanding semula Tergugat tanggal 28 Mei 2009; dan x Turut Terbading semula Turut Tergugat tanggal 1 Juni 2009. Sampai dengan 31 Desember 2009, belum terdapat upaya hukum kasasi dari para pihak yang terlibat dalam perkara hukum ini. 44. Kejadian Setelah Tanggal Neraca Berdasarkan Surat Pemberitahuan Perusahaan ke BAPEPAM-LK pada tanggal 11 Pebruari 2010 disampaikan bahwa efektif tanggal 31 Januari 2010 Tn. Rosinu mengundurkan diri dari jabatannya sebagai Direktur Perusahaan di mana sampai dengan tanggal tersebut, yang bersangkutan tetap melaksanakan kewajibannya sebagai Direktur dan tetap menerima hak-hak yang melekat padanya. Berdasarkan Surat Pemberitahuan Perusahaan keBAPEPAM-LK pada tanggal 11 Maret 2010 disampaikan bahwa Tn Desimon telah mengajukan permohonan pengunduran diri dari jabatannya sebagai Direktur Perusahaan yang akan berlaku efektif pada saat diselenggarakannya Rapat Umum Pemegang Saham (RUPS) mengenai pengunduran diri yang bersangkutan atau waktu 60 (enam puluh) hari setelah Perusahaan menerima surat pengunduran diri yang bersangkutan mana yang terjadi lebih dulu.
45. Revisi Pernyataan Standar Akuntansi Keuangan Berikut ini ikhtisar Standar Akuntansi yang telah dikeluarkan oleh Dewan Standar Akuntansi Keuangan (DSAK), yang relevan terhadap penyelesaian laporan keuangan Perusahaan tetapi belum efektif: Efektif berlaku pada atau setelah tanggal 1 Januari 2010: x PSAK 50 (Revisi 2006) "Instrumen Keuangan: Penyajian dan Pengungkapan'' Berisi persyaratan penyajian dari instrumen keuangan dan pengidentifikasian informasi yang harus diungkapkan. x PSAK 55 (Revisi 2006) ”Instrumen Keuangan: Pengakuan dan Pengukuran” Mengatur prinsip-prinsip dasar pengakuan dan pengukuran aset keuangan, kewajiban keuangan, dan kontrak pembelian dan penjualan unsur non-keuangan.
148
PT TRIMEGAH SECURITIES Tbk CATATAN ATAS LAPORAN KEUANGAN (Lanjutan) Untuk Tahun-tahun yang Berakhir pada 31 Desember 2009, 2008 dan 2007 (Dalam Ribuan Rupiah, Kecuali Dinyatakan Lain) Efektif berlaku pada atau setelah tanggal 1 Januari 2011: x PSAK 1 (Revisi 2009) ”Penyajian Laporan Keuangan” Menetapkan dasar-dasar bagi penyajian laporan keuangan bertujuan umum (general purpose financial statements) agar dapat dibandingkan baik dengan laporan keuangan periode sebelumnya maupun dengan laporan keuangan entitas lain. x PSAK 2 (Revisi 2009) ”Laporan Arus Kas” Memberikan pengaturan atas informasi mengenai perubahan historis dalam kas dan setara kas melalui laporan arus kas yang mengklasifikasikan arus kas berdasarkan aktivitas operasi, investasi, maupun pendanaan (financing) selama suatu periode. x PSAK 25 (Revisi 2009) ”Kebijakan Akuntansi, Perubahan Estimasi Akuntansi, dan Kesalahan” Menentukan kriteria untuk pemilihan dan perubahan kebijakan akuntansi, bersama dengan perlakuan akuntansi dan pengungkapan atas perubahan kebijakan akuntansi, perubahan estimasi akuntansi, dan koreksi kesalahan. x PSAK 48 (Revisi 2009) ”Penurunan Nilai Aset” Menetapkan prosedur-prosedur yang diterapkan agar aset dicatat tidak melebihi jumlah terpulihkan dan jika aset tersebut terjadi penurunan nilai, rugi penurunan nilai harus diakui. x PSAK 57 (Revisi 2009) ”Provisi, Kewajiban Kontijensi, dan Aset Kontijensi” Bertujuan untuk mengatur pengakuan dan pengukuran kewajiban diestimasi, kewajiban kontijensi serta untuk memastikan informasi memadai telah diungkapkan dalam catatan atas laporan keuangan untuk memungkinkan para pengguna memahami sifat, waktu, dan jumlah yang terkait dengan informasi tersebut. Perusahaan sedang mengevaluasi dan belum menentukan dampak dari Standar yang direvisi tersebut terhadap laporan keuangan.
46. Tanggung Jawab Manajemen atas Laporan Keuangan Manajemen Perusahaan bertanggung jawab atas penyusunan laporan keuangan yang diselesaikan pada tanggal20 Maret 2010.
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PT TRIMEGAH SECURITIES Tbk BALANCE SHEETS As of December 31, 2009, 2008 and 2007 (In Thousand Rupiah)
ASSET
Cash and Cash Equivalents Time Deposits Marketable Securities: Held for Trading (including unrealized gain (loss) amounting to (Rp 2,705,513), (Rp 4,380,380) and Rp 22,504,565, for the years ended December 31, 2009, 2008 and 2007, respectively) Available for Sale (including unrealized loss amounting to Rp 96,919,552, Rp 60,136,179 and Rp 4,750,815, for the years ended December 31, 2009, 2008 and 2007, 7 resp s ectively) l Margin Receivables - Third Parties (less an allowance for doubtful accounts amounting to Rp 2,980,239, Rp 528,152 and nil, for the years ended December 31, 2009, 2008 and 2007, respectively) Receivables from Clearing and Guarantee Institution Receivables from Brokers Receivables from Customers: Related Parties Third Parties Employees Receivables Other Receivables: Related Party Third Parties Investments In Shares Prepaid Taxes Deferred Tax Assets - Net Fixed Assets (Less accumulated depreciation amounting to Rp 42,391,421, Rp 35,281,654 and Rp 33,113,287 for the years ended 31 Desember 2009, 2008 and 2007, respectively) Other Assets
Note
2.b, 2.c, 3 2.d, 4 2.g, 2.k, 5, 40
2009 Rp
2008 Rp
2007 Rp
146,042,020 14,983,975
377,882,942 4,911,073
148,281,934 4,841,540
89,576,178
10,933,956
305,777,711
271,693,355
405,243,621
113,579,809
221,990,496 47,188,571 --
57,390,843 21,224,308 100,023
889,268,138 84,947,213 --
9,429,632 65,925,850 1,232,748
2,562,223 12,309,552 1,033,142
8,735,495 68,884,500 1,580,295
-3,767,750 435,000 26,413,206 8,104,670
-6,919,062 435,000 23,080,701 8,260,343
7,915,312 5,560,168 435,000 -16,053,862
23,106,942 8,491,488
25,294,268 10,535,092
13,028,463 8,378,175
938,381,881
968,116,149
1,677,267,615
2.e, 2.i, 6
2.e, 7 2.e, 2.i, 8 2.e, 2.i, 9 2.k, 40 2.k, 10 11 2.k, 40 2.h, 12 2.o, 13.a 2.o, 13.e 2.j, 14
15
TOTAL ASSETS
See the Accompanying Notes which are an integral part of these Financial Statements d1/April 14, 2010
153
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R/077.AGA-E/5.1/03/10
PT TRIMEGAH SECURITIES Tbk BALANCE SHEETS (Continued) As of December 31, 2009, 2008 and 2007 (In Thousand Rupiah)
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES Bank Loans Repo Liability Payables to Clearing and Guarantee Institution Payables y to Customers: Related Parties Third Parties Margin Payables - Third Parties Taxes Payable Employee Benefits Liability Accrued Expenses and Provision Promissory Notes Bonds Payable Interests Payable Other Payables Total Liabilities STOCKHOLDERS' EQUITY Share Capital Authorized Capital - 13,600,000,000 Shares Par Value per Share: Rp 50 (Full Amount) Issued and Fully Paid in Capital 3,655,000,000 Shares Additional Paid in Capital Treasury Stock Stock Option Unrealized Decrease in Market Value of Available for Sale Marketable Securities Retained Earnings: Appropriated Unappropriated Total Stockholders' Equity
Note
16 2.f, 17 2.e, 7 2.e, 18 2.k, 40 2.e, 19 2.o,13.b 2.q, 20 22 23 2.m, 2.t, 24 25
26 2.l, 27 2.s, 26 2.r, 21 2.g, 5
39
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
2009 Rp
2008 Rp
2007 Rp
84,990,946 -3,286,631
--251,191
170,000,000 134,459,290 16,291,585
8,968,194 239,210,158 14,651,044 5,230,295 20,533,956 10,172,133 27,148,646 149,794,836 3,624,800 8,702,362 576,314,001
10,383,837 169,805,106 13,053,341 12,116,183 15,710,345 13,235,265 95,183,719 240,576,378 5,811,826 10,192,417 586,319,608
9,871,247 377,908,651 83,455,619 34,277,225 24,148,314 30,264,152 -339,438,136 8,428,534 6,307,605 1,234,850,358
182,750,000 644,975 (16,056,000) 11,163,903
182,750,000 644,975 (16,056,000) 4,933,284
182,750,000 644,975 (16,056,000) --
(96,919,552)
(60,136,179)
(4,750,815)
3,800,000 276,684,554 362,067,880
3,600,000 266,060,461 381,796,541
3,100,000 276,729,097 442,417,257
938,381,881
968,116,149
1,677,267,615
See the Accompanying Notes which are an integral part of these Financial Statements d1/April 14, 2010
154
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These financial statements are originally issued in the Indonesian language
R/077.AGA-E/5.1/03/10
PT TRIMEGAH SECURITIES Tbk STATEMENTS OF INCOME For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah) Note REVENUES Brokerage Commissions Interest Income - Net Investment Management Fees Gain (Loss) on Trading of Marketable Securities - Net Underwriting and Selling Fees Investment Advisory Fees Others Total Revenues OPERATING EXPENSES Salaries and Allowances Telecommunications Advertising and Promotions Depreciation of Fixed Assets Office Rental Employee Benefits - Net EMSOP Expenses General and Administrative Bad Debt Expenses Travelling Professional Fees Custodian Representation and Donations Training and Seminar Others Total Operating Expenses
101,846,395 101,938,887 62,172,944 (11,772,601) 32,767,709 378,636 1,546,358 288,878,328
128,784,538 91,206,589 63,490,053 42,394,883 15,072,235 1,120,000 211,492 342,279,790
34
82,040,547 13,042,050 7,778,510 7,584,735 7,532,731 6,932,961 6,230,619 7,422,805 2,452,087 1,545,911 1,390,229 792,503 708,170 695,164 4,460,347 150,609,369
104,672,050 10,547,715 18,105,793 5,557,627 7,322,286 17,556,781 4,933,284 7,885,506 528,152 2,945,136 2,105,286 756,247 1,154,082 2,170,626 7,111,085 193,351,656
130,652,947 7,323,560 14,555,515 3,590,860 6,046,655 7,796,582 -6,453,597 -2,173,166 2,047,707 916,554 1,147,172 1,984,443 3,507,007 188,195,765
37,901,851
95,526,672
154,084,025
19,063,569 198,933 (28,971,391) (1,311,912) (630,659) (11,651,460)
18,292,700 236,881 (71,419,328) 3,485,806 (616,575) (50,020,516)
12,204,245 611,400 (37,789,161) 221,130 (5,997,188) (30,749,574)
26,250,391
45,506,156
123,334,451
4,907,725 155,673 5,063,398
6,429,673 7,793,519 14,223,192
31,448,650 (3,833,172) 27,615,478
21,186,993
31,282,964
95,718,973
11 6
28 9
45 28
35 2.j, 14 2.q, 20 2.r, 21
36 2.j 37 2.b
2.o, 13.c
NET INCOME Basic Operating Income per Share Basic Earnings per Share
2007 Rp
87,098,656 33,389,722 45,995,722 5,721,699 14,082,332 1,950,000 273,089 188,511,220
INCOME BEFORE CORPORATE INCOME TAX A INCOME TAX (BENEFIT) EXPENSES Current Deferred Total Income Tax Expenses - Net
2008 Rp
2.k, 2.n, 28, 40 2.n, 30 2.k, 2.n, 33, 40, 41 2.k, 2.n, 31, 40 2.n, 32 2.n, 29
OPERATING INCOME OTHER INCOME (EXPENSES) Interest Income - Third Parties Gain on Sale of Fixed Assets Interest and Financial Expenses Gain (Loss) on Foreign Exchange - Net Others - Net Total Other Expenses - Net
2009 Rp
2.p, 38 2.p, 38
See the Accompanying Notes which are an integral part of these Financial Statements d1/April 14, 2010
155
paraf:
156
d1/April 14, 2010
See the Accompanying Notes which are an integral part of these Financial Statements
BALANCE AS OF DECEMBER 31, 2009
Unrealized Decrease in Market Value of Available for Sale Marketable Securities - Net Stock Option Dividend Appropriated of Retained Earnings Net Income
BALANCE AS OF DECEMBER 31, 2008
Unrealized Decrease in Market Value of Available for Sale Marketable Securities - Net Stock Option Dividend Appropriated of Retained Earnings Net Income
BALANCE AS OF DECEMBER 31, 2007
Unrealized Decrease in Market Value of Available for Sale Marketable Securities - Net Dividend Appropriated of Retained Earnings Net Income
BALANCE AS OF DECEMBER 31, 2006
5 2.r, 21 39 39
5 2.r, 21 39 39
5 39 39
Note
182,750,000
644,975
------
644,975
182,750,000 ------
------
644,975
-----
------
182,750,000
-----
644,975
Rp
Rp 182,750,000
Additional Paid in Capital
Share Capital
STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah)
PT TRIMEGAH SECURITIES Tbk
These financial statements are originally issued in the Indonesian language
(16,056,000)
------
(16,056,000)
------
(16,056,000)
-----
(16,056,000)
Rp
Treasury r Stock
--
-----
--
11,163,903
-6,230,619 ----
4,933,284
-4,933,284 ----
Rp
Stock Option
(96,919,552)
(36,783,373) -----
(60,136,179)
(55,385,364) -----
(4,750,815)
(5,332,863) ----
582,048
Unrealized Decrease in Market Value of Available for Sale Marketable Securities Rp
3,800,000
---200,000 --
3,600,000
---500,000 --
3,100,000
--500,000 --
2,600,000
Rp
276,684,554
--(10,362,900) (200,000) 21,186,993
266,060,461
--(41,451,600) (500,000) 31,282,964
276,729,097
-(34,543,000) (500,000) 95,718,973
216,053,124
Rp
Retained Earnings Appropriated Unappropriated
paraf:
362,067,880
(36,783,373) 6,230,619 (10,362,900) -21,186,993
381,796,541
(55,385,364) 4,933,284 (41,451,600) -31,282,964
442,417,257
(5,332,863) (34,543,000) -95,718,973
386,574,147
Rp
Total Stockholders' Equity
R/077.AGA-E/5.1/03/10
These financial statements are originally issued in the Indonesian language
R/077.AGA-E/5.1/03/10
PT TRIMEGAH SECURITIES Tbk STATEMENTS OF CASH FLOWS For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah) Note CASH FLOWS FROM OPERATING ACTIVITIES Reeceipts from Brokerage Commissions Reeceipts from Investment Advisory, Underwriting and Seelling and Investment Manager Fees Intterest Received Reeceipts from Securities Traded Reeceipts from (Payments to) Customers - Net Reeceipts from (Payments to) Clearing and Guarantee Insstitutions - Net Prooceeds from Sale of Reverse Repo - Net Receipts from (Payments to) Brokers - Net Receipts from (Payments to) Margin Customers - Net Saale (Purchase) of Marketable Securities - Net Paayments to Suppliers and Employees Taax Payments Deerivative Receivables Other Receipts (Payments) - Net Net Cash Provided by (Used in) Operating Activities
2009 Rp
2008 Rp
2007 Rp
87.098.656
101.846.395
128.784.538
60.278.072 35.613.292 5.464.948 5.514.662
101.773.343 101.404.526 14.905.393 (145.431.023)
75.901.148 92.443.799 52.683.878 176.032.266
(22.684.158) -(151.168) (165.454.036) 18.381.421 (129.616.095) (5.690.844) -(4.622.126) (115.867.376)
47.431.319 (134.459.290) 151.168 760.946.864 (78.883.414) (204.935.236) (44.699.684) -2.869.232 522.919.593
(53.606.895) 134.459.290 857.514 (449.085.649) (264.118.705) (150.504.310) (11.373.247) 153.000 1.243.099 (266.130.274)
CASH FLOWS FROM INVESTING ACTIVITIES Intterest Received Wiithdrawal of Time Deposits Prooceeds from Sale of Fixed Assets Plaacement of Time Deposits Accquisition of Fixed Assets Net Cash Provided by (Used in) Investing Activities
15.140.374 26.049.500 472.620 (36.049.500) (5.671.096) (58.102)
14.571.883 691.140 247.983 (691.140) (17.834.534) (3.014.668)
11.627.249 115.560.150 611.394 (97.000.000) (6.026.699) 24.772.094
CASH FLOWS FROM FINANCING ACTIVITIES Proomissory Notes Issuance Prooceeds from Bank Loans Paayments of Bank Loans Proomissory Notes Repayment Boonds Payable Issuance Boonds Payable Cost Paayment of Bonds Intterest Paid Divvidends Paid Net Cash Provided by (Used in) Financing Activities
25.640.440 84.990.946 -(97.450.000) --(91.350.000) (27.383.930) (10.362.900) (115.915.444)
302.875.420 -(170.000.000) (223.250.000) --(100.000.000) (58.477.737) (41.451.600) (290.303.917)
130.541.023 65.611.564 -(213.950.000) 300.000.000 (2.444.462) -(23.267.861) (34.543.000) 221.947.264
(231.840.922)
229.601.008
(19.410.916)
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR
377.882.942
148.281.934
167.692.850
CASH AND CASH EQUIVALENTS AT END OF THE YEAR
146.042.020
377.882.942
148.281.934
126.000 145.916.020 --
129.000 377.753.942 --
114.500 136.107.285 12.060.149
146.042.020
377.882.942
148.281.934
23 24 24 24
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
Cash and Cash Equivalents at the End of the Year consist of: Cash on Hand Cash in Banks Time Deposits
3
Total
See the Accompanying Notes which are an integral part of these Financial Statements d1/April 14, 2010
157
paraf:
These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) 1.
General 1.a. Company Establishment PT Trimegah Securities Tbk (formerly PT Trimegah Securindolestari) (“the Company”) was established based on notarial deed No. 64 dated May 9, 1990 of Rachmat Santoso, S.H., notary in Jakarta, under the name of PT Trimulya Securindolestari. The deed of establishment was amended with notarial deed No. 227 dated May 28, 1990 of the same notary and was approved by the Minister of Justice of the Republic of Indonesia in decision letter No. C2-3353.HT.01.01 .TH.90 dated June 7, 1990 and was published in the State Gazette of the Republic of Indonesia No. 80 dated October 5, 1990, Supplement No. 3832. The Company’s Articles of Association has been amended for several times with the latest amendment by notarial deed No. 92 dated June 24, 2008 of Fathiah Helmi, S.H., notary in Jakarta, concerning the Corporate Law No. 40 year 2007. The change was approved by the Minister of Law and Human Rights based on his letter No. AHU-66636.AH.01.02.Year 2008 dated September 22, 2008. The Company is domiciled in Jakarta with its head office at the Artha Graha Building, Jalan Jenderal Sudirman Kav 52-53; it also has branch offices in Mangga Dua - Jakarta, Pluit - Jakarta, Kelapa Gading - Jakarta, Kebon Jeruk - Jakarta, Semarang - Central Java, Solo - Central Java, Surabaya - East Java, Denpasar - Bali, Medan - North Sumatra, Bandung - West Java, Makassar - South Sulawesi, Malang - East Java, Pekan Baru - Riau, Palembang - South Sumatra and representative offices in Balikpapan - East Kalimantan, Yogyakarta, and Cirebon - West Java. In accordance with Article 3 of the Company’s Articles of Association, the scope of its activities comprises mainly brokerage, investment management and advisory, and securities underwriting. The Company started to operate commercially in 1990. The Company obtained its brokerage, underwriting and investment management licenses from the Chairman of the Capital Market Supervisory Board (BAPEPAM-LK) through decision letters No. KEP-252/PM/1992 dated May 2, 1992, No. KEP-27/PM/1993 dated September 18, 1993 and No. KEP-02/PM-Ml/1994 dated April 20, 1994, respectively. In accordance with letter No. Peng-356/BEJ.ANG/1 2-1999 dated December 23, 1999 from the Indonesia Stock Exchange (“IDX”) (formerly known as Jakarta Stock Exchange), the Company obtained its license to engage in margin trading. 1.b. Commissioners, Directors and Employees The composition of the Boards of Commissioners and Directors of the Company as of December 31, 2009, 2008 and 2007 are as follows: 2009
2008
2007
President Commissioner Independent Commissioner
: :
Philip S. Purnama Sumantri Slamet
Philip S. Purnama Sumantri Slamet
Philip S. Purnama Sumantri Slamet
President Director Director Director Director
: : : :
Avi Y. Dwipayana Karman Pamurahardjo Rosinu Desimon
Avi Y. Dwipayana Karman Pamurahardjo Rosinu Desimon
Avi Y. Dwipayana Yulian Kusuma Kwee Rosinu Desimon
158
These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) The composition of audit committee of the Company as of December 31, 2009, 2008 and 2007 are as follows: 2009 Chairman Member Member
: : :
Sumantri Slamet Achmad Sofyan Didi Susetyo
2008 Sumantri Slamet Achmad Sofyan Didi Susetyo
2007 Sumantri Slamet Mulyo Sutrisno H. Parman Zuharman Djakaria
As of December 31, 2009, 2008 and 2007, the Company has a total of 283, 287, 253 permanent employees (unaudited), respectively. 1.c. Public Offering of the Company’s Shares and Bonds Public Offering of the Company’s Shares On December 28, 1999, the Chairman of the BAPEPAM-LK through decision letter No. S2681/PM/1999 approved the Company’s public offering of 50,000,000 shares with a par value of Rp 500 (fulI amount) per share at an offering price of Rp 2,000 (full amount) per share. The Company listed its shares on the Jakarta and Surabaya Stock Exchanges on January 28, 2000 and February 1, 2000, respectively, based on letters No. S-170/BEJ.CAT/01-2000 and 001/EMT/LIST/BES/II/2000. On April 3, 2000, the Company’s stock was split from Rp 500 (full amount) per share to Rp 50 (full amount) per share. On June 5, 2000, the Company issued 1,400,000,000 bonus shares from the additional paid-in capital of the initial public offering of shares. On June 6 and 7, 2000, such shares were listed on the Surabaya and Jakarta Stock Exchanges (currently as Indonesia Stock Exchange (“IDX”)). Before the Company obtained the approval for its public offering, it had issued 15,000,000 warrants under the name of the Company’s Employees Cooperative based on Warrant Notification Deed No. 34 dated November 12, 1999 of Fathiah Helmi, S.H., notary in Jakarta, in which warrants will be granted to the Company employees once a year based on a warrant distribution formula. Every holder of one warrant has the right to purchase one common share of the Company at an exercise price of Rp 500 (full amount) per share. The changes due to stock split from Rp 500 (full amount) per share to Rp 50 (full amount) per share and distribution of bonus shares (Note 27) from the additional paid-in capital resulted in the change of total warrants from 15,000,000 warrants to 255,000,000 warrants. As of December31, 2006, all warrants have been converted into shares. As of December 31, 2009, 2008 and 2007, all of the Company’s shares of 3,655,000.000 shares, respectively were listed on IDX in which 200,700,000 shares represent treasury stock (see Note 26). Public Offering of the Company’s Bonds On June 30, 2004, the Chairman of BAPEPAM-LK through decision letter No. S-1980/PM/2004 approved the Company’s bond offering of Rp 300,000,000 PT Trimegah Securties Tbk Bonds I year 2004 with a fixed interest rate (see Note 24). On June 29, 2007, the Chairman of BAPEPAM-LK through decision letter No. S-3239/BL/2007 approved the Company’s bond offering of Rp 300,000,000 PT Trimegah Securties Tbk Bonds II year 2007 with a fixed interest rate (see Note 24).
159
These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) 2.
Summary of Accounting Policies 2.a. Basis of Measurement and Preparation of the Financial Statements The Company’s financial statements have been prepared in accordance with Statement of Financial Accounting Standards (PSAK) No. 42, “Accounting for Securities Companies” and other generally accepted accounting principles established by the Indonesian Institute of Accountants, and, where applicable, with BAPEPAM-LK regulation No. VIII.G.7 and attachment of BAPEPAM-LK decision No. KEP-06/PM/2000, “Financial Statements Presentation Guidance” dated March 13, 2000 which has been renewed with circular letter BAPEPAM-LK No.02/PM/2002 dated December 27, 2002, regarding “Presentation Manual of Public Company or Issuer Financial Statement Disclosure”. The financial statements presented in thousands of Rupiah unless otherwise stated, have been prepared on accrual basis using the historical cost concept, except for statements of cash flows and certain accounts, which are presented based on other valuation as explained in each - accounting policy. The statements of cash flows are presented using the direct method and classified cash flows into operating, investing and financing activities. 2.b. Foreign Currency Transactions and Balances The Company maintains its accounting records in Rupiah. Transactions in currencies other than Rupiah are recorded at the prevailing rates of exchange in effect on the date of the transactions. As of the balance sheet dates, all foreign currency monetary assets and liabilities are translated at the middle exchange rates quoted by Bank Indonesia on those dates. The resulting net foreign exchange gains or losses are recognized in current year’s statement of income. The exchange rate used as of December 31, 2009, 2008 and 2007 were as follows (in Full Rupiah):
1 USD
2009 9,400
2008 10,950
2007 9,419
2.c. Cash Equivalents Cash equivalents represent time deposits with maturities of 3 (three) months or less from the date of placement, unpledged as collateral and unrestricted deposits. 2.d. Time Deposits Time deposits that are either pledge as collateral for loan or not are carried at nominal values. 2.e. Securities Transactions Purchases and sales of securities both for customers (securities brokerage transactions) and for the Company’s portfolio are recognized when the transactions are made. Purchase of securities for regular trading and margin customers were recorded as receivable from customers or margin receivable and payable to clearing and guarantee institution (KPEI). Meanwhile sales of securities for regular customers or margin customers were recorded as payable to customers or margin payables and receivable from clearing and guarantee institution (KPEI). Funds received from customers in connection with securities purchased for their account, and payments and receipts related to purchases and sales of securities on behalf of the customers are recorded as customers’ accounts. Payable balances of customers’ accounts are presented in the balance sheet as a liability, while receivable balances are presented as an asset. Transaction with clearing and guarantee institution is presented on daily net position. 160
These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) 2.f. Repo Transactions Securities sold under repurchase agreements (repo) are recognized as repo liability at repurchased price less unrealized interest expense. Unrealized interest expense that represents the difference between the selling price and the repurchase price is recognized as an expense based on the period since the securities were sold until they were repurchased. Securities sold are recorded as assets in the balance sheets because securities ownership substantially belongs to the Company as seller. 2.g. Marketable Securities Investments in debt and equity securities consist of marketable securities such as bonds, shares and warrants listed on stock exchanges, mutual fund units and promissory notes. Investments in debt and equity securities held by the Company are accounted as follows: x Debt and equity securities held for trading purposes are reported at the fair market values. Unrealized gain or losses due to increases or decreases in market values are recognized in the current year’s statement of income. Upon sale of trading portfolio securities, the difference between selling price and fair value per books is recognized as a realized gain or loss on sale. x Debt securities held to maturity are stated at historical cost adjusted for amortization of premiums or accretion of discounts. Premium and discount are amortized using the straight-line method. If it is probable that the cost (including amortization of premium and/or discount) of such securities will not be fully recovered, a permanent decline in value is considered to have occurred and the individual security is written down to its fair value. Any such write-down is recognized as loss in the current year. x Debt and equity securities available for sale are stated at fair market values. Unrealized gains or losses due to increases or decreases in fair value, net of tax, are recognized and presented as an equity component. Such gain or loss will be stated on current year’s statement of income when the securities were sold (realized). x Units of mutual funds, which are acquired in relation to the establishment of such mutual funds, are stated at cost. The historical costs are adjusted for significant and permanent declines in the net asset value (“NAV”) of the mutual funds. For marketable securities which are actively traded in organized financial markets, fair value is generally determined by reference to quoted market bid prices by the stock exchanges at the close of business on the balance sheet date. Investments in mutual funds are reported at the net assets value of mutual funds on the balance sheet date which is calculated by custodian bank. For marketable securities in which the available market price is not reliable, estimated fair value of marketable securities is determined referring to fair value of other instruments which have similar substance or calculated based on expected cash flow from the underlying net assets of those marketable securities. Cost of trading securities is recorded based on first in first out method. Transfer of marketable securities from “available-for-sale” category to “held-to-maturity’ category is recorded at fair value. Unrealized gain or loss on the transfer is recorded as part of equity and is amortized using the straight-line method over the remaining life of the securities. Transfer of marketable securities from “trading” category to “held-to-maturity” category is recorded at fair value, which is considered as cost of the marketable securities. Transfer of marketable securities from “held-to-maturity” category to “available-for-sale” category is recorded at fair value. Unrealized gains or losses at the date of the transfer shall be recognized in the equity separately. Allowance for possible losses and increase/decline in fair value are presented as additions/deductions from the outstanding balance of marketable securities.
161
These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) 2.h. Investment in Shares Investments in shares of stock with ownership interest of less than 20% that do not have readily determinable fair values and are intended for long-term investments are stated at cost (cost method). The carrying amount of the investments is written down to recognize a permanent decline in value of the individual investments and a loss on write down is charged directly to current year’s statement of income. 2.i. Allowance for Doubtful Accounts Allowance for doubtful accounts of margin receivables, receivables from brokers, and receivables from customers were provided based on a review of the status of individual receivables at balance sheet dates. Bad debts are written off when management believes that the receivable is uncollectible. An allowance or write off of receivables does not omit billing right to each debtor. 2.j. Fixed Assets Prior to January 1, 2008 fixed assets are stated at cost less accumulated depreciation and impairment losses. Effective January 1, 2008, the Company applied PSAK No. 16 (Revised 2007), “Fixed Assets”, which supersedes PSAK No. 16 (1994), “Fixed Assets and Other Assets”, and PSAK No. 17 (1994), “Accounting for Depreciation”, whereby the Company has chosen the cost model. The adoption of this revised PSAK did not result in a significant effect in the Company’s financial statements. Fixed assets are stated at cost less accumulated depreciation and impairment losses. Such cost includes the cost of replacing part of the fixed assets when that cost is incurred, if the recognition criteria are met. Likewise, when a major inspection is performed, its cost is recognized in the carrying amount of the fixed assets as a replacement if the recognition criteria are satisfied. All other repairs and maintenance costs that do not meet the recognition criteria are recognized in statement of income as incurred. Fixed assets, except for land, are depreciated from the month the assets are placed in service over their estimated useful lives as follows: Year Buildings 20 Leasehold Improvements 5 Motor Vehicles 5 Office Equipments 5 Land is stated at cost and is not depreciated. The recoverable amount of an asset is estimated whenever events or changes in circumstances indicate that its carrying amount may not be fully recoverable. Impairment in asset value, if any, is recognized as loss in the current year’s statement of income. The assets’ residual values, useful lives and methods of depreciation are reviewed, and adjusted prospectively if appropriate, at each financial year end. An item of fixed assets is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the current year’s statement of income. 2.k. Balances and Transactions with Related Parties. The Company has transactions with certain parties, which have special relationship as defined under PSAK No. 7, “related party disclosure”. All significant transactions and balances with related parties whether or not performed on terms and conditions similar to those with third parties are disclosed in Note 40. The Company’s personnel or employees, except for key management personnel, are not considered as related parties. 162
These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) 2.l. Share Issuance Cost Expenses related to the initial public offering of shares are presented as a deduction of additional paid-in capital and are not amortized. 2.m. Bonds Issuance Costs Bonds issuance costs are deferred and amortized over the term of the bonds. The balance of unamortized bonds issuance costs were presented as a deduction from the bonds payable. 2.n. Revenue and Expense Recognition Revenue Commission income from brokerage and other services are recognized at the transaction date. Interest incomes related to margin transactions are recognized based on accrual basis. Fees from investment management and advisory services are recognized when the services are rendered based on the terms of the contracts. Gains (losses) on trading of securities consist of gains (losses) on securities sold and unrealized gains (losses) because of increases (decreases) in the fair value of securities owned. Underwriting fees are recognized when underwriting activities are substantially completed and the amount of income has been determined. Dividend income from marketable securities is recognized upon declaration by the issuer of equity securities. Expenses Expenses incurred relating to underwriting activities are accumulated and charged against income when underwriting fees are recognized. When the underwriting activities are not completed and shares issuance is cancelled, the underwriting expenses are charged to the current year’s statement of income. Expenses relating to trading securities of both regular and margin customer, investment management and advisory services are recognized when incurred. Other expenses are recognized based on the accrual basis. 2.o. Taxation Current tax expense is provided based on the estimated taxable income for the year. Deferred tax assets and liabilities are recognized for temporary differences between the financial and the tax bases of assets and liabilities at each reporting date. Future tax benefits, such as the carry-forward of unused tax losses, are also recognized to the extent that realization of such benefits is probable. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the balance sheet dates. Changes in the carrying amount of deferred tax assets and liabilities due to a change in tax rates is charged to current year operations, except to the extent that it relates to items previously charged or credited to equity. Amendments to tax obligations are recorded when an assessment is received (‘SKP’) or, if appealed against by the Company, when the result of the appeal is determined.
163
These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) 2.p. Earnings per Share Basic earnings per share are computed by dividing operating income and net income, with the weighted average number of shares outstanding during the year. Diluted earnings per share is computed by dividing net income, with the weighted average number of shares outstanding during the year including potential number of shares assumed to be issued based on fair value. 2.q. Employee Benefits The Company recognized an unfunded employee benefits liability in accordance with Labor Law No. 13/2003 dated March 25, 2003 (“the Law) and its Collective Labor Agreement (“CLA”). The employee benefits are calculated with comparison of the benefits that will be received by employee in normal retirement age based on the Law and the benefits that will be received from Dana Pensiun Lembaga Keuangan (“DPLK”). If the benefits from the Law is greater than from DPLK, the Company will recognize additional employee benefits expense. The cost of providing employee, benefits under the Law is determined using the projected unit credit actuarial valuation method. Actuarial gains and losses are recognized as income or expense when the net cumulative unrecognized actuarial gains and losses for each individual plan at the end of the previous reporting year exceed 10% of the defined benefit obligation at that date. These gains or losses are recognized on a straightline basis over the expected average remaining working lives of the employees. Further, past service cost arising from the introduction of a defined benefits plan or changes in the benefit payable of an existing plan are required to be amortized over the period until the benefits concerned become vested. The Company entered into defined contribution pension plan for its employees through the financial institution pension fund (DPLK) Manulife. The program covers all permanent employees in which the Company is obligated to pay a monthly contribution of 3% of employees’ monthly basic salaries and the employees could pay a monthly contribution of 3% from their monthly basic salaries. The Company also accrues employee benefits expense based on the Law. 2.r. Employee and Management Stock Option Program (EMSOP Trimegah) The Company granted stock options to directors and key employees based on certain criteria. Stock compensation cost is calculated at the grant date using the fair value of the stock options. Compensation expense is recognized over the vesting period of the stock options based on graded vesting. Compensation expense incurred in connection with the implementation of employee and management stock option program (EMSOP) are recognized at the time the option rights are granted to the management and employees at the fair value of the option rights, in accordance with the PSAK No. 53, “Accounting for Stock Based Compensation”. The fair value of the stock options granted is based on independent consultants’ valuation report calculated using the modified black-scholes option pricing model. 2.s. Treasury stock Reacquisition of the Company’s previously issued stock is accounted using the cost method. Treasury stock is recorded at acquisition cost and presented as a deduction from the capital stock account. 2.t. Treasury bonds At the time of reacquisition, the unamortized premium or discount, and any proportional deferred expenses in connection with the issuance cost of the bonds, are amortized up to the reacquisition date. The difference between the reacquisition price and net carrying amount of the redeemed bonds is recognized as gain or loss in current year’s statement of income and classified as an extraordinary item. 164
These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) 2.u. Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimations and assumptions that affect amounts reported therein. Due to the inherent uncertainty in making estimates, actual results reported in future periods may be based on amounts that differ from those estimates. 3.
Cash and Cash Equivalents 2009 Rp
Cash on Hand Cash in Banks Rupiah PT Bank Permata Tbk PT Bank Central Asia Tbk PT Bank Mandiri (Persero) Tbk PT Bank CIMB Niaga Tbk PT Bank Permata Tbk (Sharia unit) PT Bank Sinarmas PT Bank Bumiputera PT Bank Syariah Mega Indonesia PT Bank Kesawan Tbk PT Bank Danamon Indonesia Tbk PT Bank Internasional Indonesia Tbk PT Bank UOB Buana Tbk PT Bank Ganesha PT Bank Rakyat Indonesia (Persero) Tbk USD PT Bank Mandiri (Persero) Tbk Deutsche Bank AG PT Bank Central Asia Tbk PT Bank Permata Tbk PT Bank CIMB Niaga Tbk SGD PT Bank Permata Tbk PT Bank Central Asia Tbk Time Deposits which Mature Less than 3 Months Rupiah PT Bank Central Asia Tbk Total Interest Rate per Annum on Time Deposits Rupiah
d1/April 14, 2010
165
2008 Rp
2007 Rp
126,000
129,000
114,500
59,050,965 54,655,721 17,473,548 2,147,149 1,087,888 317,864 311,533 284,889 206,954 182,122 152,285 43,693 34,676 6,584 135,955,871
82,254,093 171,480,313 21,815,620 4,146,408 436,917 -68,402 25,851,540 65,362 165,545 53,093,954 143,714 269,152 6,757 359,797,777
1,342,175 60,447,378 39,888,754 13,116,910 425,748 --12,804 69,323 198,806 77,385 71,313.00 47,567 3,776,313 119,474,476
9,342,536 132,042 17,636 15,335 5,197 9,512,746
16,555,634 1,332,326 61,374 -6,831 17,956,165
14,426,766 1,146,865 353,706 -705,472 16,632,809
391,764 55,639 447,403
----
----
-146,042,020
-377,882,942
12,060,149 148,281,934
--
--
6.25% - 9.50%
paraf:
These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) 4.
Time Deposits 2009 Rp
2008 Rp
2007 Rp
Time Deposits - Rupiah PT Bank Mandiri (Persero) Tbk
14,983,975
4,911,073
4,841,540
Total
14,983,975
4,911,073
4,841,540
6.00% - 7.00%
6.00% - 6.75%
6.25% - 9.25%
Interest Rate per Annum on Time Deposits
Time deposit with PT Bank Mandiri (Persero) Tbk as of December 31, 2009 amounting to Rp 14,983,975 (2008: Rp 4,911,073 and 2007: Rp 4,841,540) is used as collateral to PT Kliring Penjaminan Efek Indonesia (“KPEI”) in relation to securities trading through KPEI. 5.
Marketable Securities 2009 Rp Trading: Bonds Mutual Funds Related Parties (see Note 40) Third Parties Equity Unrealized Gain (Loss) - Net Fair Value Available for Sale: Bonds Mutual Funds Third Parties Equity Unrealized Loss - Net Fair Value
2008 Rp
2007 Rp
10,369,023
8,401,668
55,021,272
78,003,388 3,909,280 -92,281,691 (2,705,513) 89,576,178
3,003,388 3,909,280 -15,314,336 (4,380,380) 10,933,956
4,366,854 -223,885,020 283,273,146 22,504,565 305,777,711
116,886,022
213,771,114
117,200,172
250,923,485 803,400 368,612,907 (96,919,552) 271,693,355
250,923,486 685,200 465,379,800 (60,136,179) 405,243,621
-1,130,452 118,330,624 (4,750,815) 113,579,809
The ratings of bonds that are traded in the stock exchange are as follows: Rating Agency Trading Government Bonds Corporate Bonds idAA idAAAvailable for Sale Government Bonds Corporate Bonds id BBB id BBB-
--
2008 Rp
2007 Rp
369,023
8,401,668
54,021,272
Pefindo Pefindo
-10,000,000 10,369,023
--8,401,668
1,000,000 -55,021,272
--
115,507,600
212,236,138
115,507,600
Pefindo Pefindo
1,378,422 -116,886,022 127,255,045
-1,534,976 213,771,114 222,172,782
-1,692,572 117,200,172 172,221,444
Total Bonds Traded in Stock Exchange
d1/April 14, 2010
2009 Rp
166
paraf:
These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) The interest rate per annum in 2009, 2008 and 2007 for all bonds are as follows:
Interest Rate per Annum
2009
2008
2007
9.30% - 12.80%
9.28% - 12.80%
9.28% - 12.05%
The following is classification of available for sale of bonds securities, by year of maturity: 2009 Rp Mature Between 5 - 10 Years Mature Over 10 Years Acquisition Cost
24,353,822 92,532,200 116,886,022
2008 Rp
2007 Rp
54,131,776 159,639,338 213,771,114
1,692,572 115,507,600 117,200,172
Trading The Company determined the fair value of debt and equity securities which are traded on the stock exchange amounting to Rp 89,576,178 (2008: Rp 10,933,956; 2007 Rp 305,777,711) based on the weighted average prices which are published by IDX. On July 19, 2007, the Company and Parallax Venture Partners XVIII Ltd., third party, signed memorandum of understanding related to the Company’s plan to sell the syndicated loan of PT Wisata Triloka Buana (WTB) at the amount of Rp 18,000,000. The Company had received settlement on such sale on September 10, 2007. Bonds securities - trading with market value amounting to Rp 39,995,000 as of December 31 2007 are pledged as collateral for repo transactions with PT Bank Internasional Indonesia Tbk (see Note 17). As of December 31, 2009, the Company had portfolio investments in mutual funds of TRIM Kombinasi 2 amounting to Rp 2,293,299 consisting of 2,003,388 units participation (2008: Rp 1,456,704 consisting of 2,003,388 units participation; 2007: Rp 2,864,546 consisting of 2,003,388 units participation), Trim Dana Stabil amounting to Rp 1,523,552 consisting 1,000,000 units participation (2008: Rp 1,359,766 consisting of 1,000,000 units participation; 2007: Rp 1,502,308 consisting of 1,000,000 units participation) and TRIM Tetap 2 amounting to Rp 75,397,702 consisting 61,606,174 units participation (2008: nil; 2007: nil). The Company acted as a sponsor for the establishment of mutual fund of TRIM Kombinasi 2, mutual fund of TRIM Dana Stabil, and mutual fund of TRIM Sejahtera. Available for Sale Securities. On December 31 2009, 2008, and 2007, equity and bond securities- available for sale are shares and bonds, which are traded in IDX. Fair value of securities is determined based on market price stated in IDX at the last trading day of the respective year. Unrealized loss on changes in fair value of marketable securities - available for sale amounting to Rp 96,919,552, Rp 60,136,179 and Rp 4,750 815 as of December 31, 2009, 2008 and 2007, respectively, is presented as ‘unrealized decrease in market value of available for sale marketable securities net’ as part of Stockholders’ Equity section in the balance sheets. Bonds securities available for sale with market value amounting to Rp 109,726 560 as of December 31, 2007 are pledged as collateral for repo transactions with PT Bank lnternasional Indonesia Tbk and PT Bank Sinarmas (see Note 17).
d1/April 14, 2010
167
paraf:
These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) On December 23 and 24, 2008, the Company had bought portfolio investments in limited participation mutual funds of Millenium Restructured Fund II (“MRF II”) which is managed by PT Millenium Danatama Indonesia (MDI) amounting to Rp 254,832,765, consisting 50.966 units participation where is for amounts of Rp 3,909,280 was classified as marketable securities - trading. Furthermore, MRF II had bought 390,928,000 shares owned by the Company at PT Sat Nusapersada at the price of Rp 650 (full amount) per share or equivalent to Rp 254,187,054 (already included commission fees by 0.033%) which represents the agreed price between the Company and MDI. Pursuant to Collective Investment Contract (CIC) of MRF II, the valuation of portfolio investment mutual funds is performed by MDI as the investment manager based on fair value, using the discounted cash flow approach. Based on discounted cash flow approach, the fair value of portfolio investments in mutual funds as of December 31, 2009 and 2008 is Rp 155,731,984 and Rp 215,792,256, respectively.
6.
Margin Receivables from Third Parties - Net This account represents customer’s receivable accounts resulting from their margin transactions through the Company. 2009 Rp
2008 Rp
2007 Rp
Total
97,935,099 127,035,636 224,970,735 (2,980,239) 221,990,496
2,925,155 54,993,840 57,918,995 (528,152) 57,390,843
143,859,615 745,408,523 889,268,138 -889,268,138
Margin receivables are classified by type of customer are as follows: Institutions Individuals Total
15,006,552 206,983,944 221,990,496
319,093 57,071,750 57,390,843
27,094,327 862,173,811 889,268,138
18.00% - 21.00%
18.00% - 21.00%
18.00% - 20.00%
Balance More than or Equal to 5% of Total Margin Receivables Balance Less than 5% of Total Margin Receivables Less : Allowance for f Doubtful Accounts
Interest Rates per Annum
The Company offers financing for margin transactions with minimum customers’ collateral amounting to 153% of margin facilities offered. Margin receivables collaterals are generally in the form of customers’ stocks. Margin receivables are pledged as collateral to the Trimegah Bonds I Year 2004 amounting to the total outstanding bonds payable as of December 31, 2008 and 2007 (see Note 24). On December 31, 2009 and 2008, the Company provided an allowance for doubtful accounts amounting to Rp 2,980,239 and Rp 528,152. The Company’s management believes the allowance for doubtful accounts is adequate to cover possible losses from uncollectible margin receivables. The Company did not provide an allowance for doubtful accounts as of December 31, 2007 as management believes that the margin receivables are fully collectible and collateral from customers are adequate to cover possible losses from uncollectible margin receivables.
d1/April 14, 2010
168
paraf:
These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) 7.
Receivables from and Payables to Clearing and Guarantee Institution - Net Receivables from Clearing and Guarantee Institution This account represents the receivables related to securities sold and deposits made by the Company in relation to securities transactions, as follows:
Receivables Deposits To tal
2009 Rp
2008 Rp
43,784,778 3,403,793 47,188,571
18,088,885 3,135,423 21,224,308
2007 Rp 82,005,700 2,941,513 84,947,213
Payables to Clearing and Guarantee Institution This account represents the payables to KPEI for securities transactions on the stock exchange, which are to be settled with KPEI. 8.
Receivables from Brookers This account represents receivables from other brokers in connection with securities transactions. As of December 31, 2009, 2008 and 2007 balance of receivables from brokers amounting to nil, Rp 100,023, andnil. The Company did not provide an allowance for doubtful accounts, as management believes that the receivables from brokers are collectible.
9.
Receivables from Customers This account represents receivables arising from the Company’s transactions as a securities broker and investment manager. 2009 Rp Related Parties (see Note 40) TRIM Kapital TRIM Kapital Plus TRIM Dana Tetap 2 TRIM Syariah Saham TRIM Kas 2 TRIM Syariah Berimbang TRIM Gebyar Terproteksi TRIM Kombinasi 2 Desimon TRIM Dana Stabil TRIM Terproteksi Prima II TRIM Selaras 7B TRIM Lestari 2 TRIM Lestari 3 TRIM Syariah Terproteksi Prima II TRIM Terproteksi Prima III TRIM Syariah Terproteksi Prima I TRIM Selaras 9E TRIM Kas
d1/April 14, 2010
7,003,419 704,634 414,016 265,816 207,963 192,636 182,986 120,987 89,595 60,824 37,341 34,444 26,031 25,327 24,104 23,387 8,672 7,450 --
169
2008 Rp
2007 Rp
---963,809 -1,003,725 92,114 82,029 -63,904 --32,437 -----94,714
3,230,810 --2,605,944 -158,805 -180,062 -1,971,736 --37,172 -----334,233
paraf:
These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) 2009 Rp TRIM Selaras T TRIM Lestari T TRIM Performa Terproteksi T TRIM Dana Tetap T TRIM S yariah Sukuk T TRIM Pendapatan Reguler T TRIM Terproteksi Prima T Pundi Terproteksi TRIM Kombinasi T TRIM Pundi Reksa T Total Third Parties Each more than or equal to 5% of total customer receivables Each below 5% of total customer receivables Total
2008 Rp
2007 Rp
----------9,429,632
79,512 77,607 39,842 12,299 7,587 7,128 5,516 ---2,562,223
-150,814 -12,669 ---42,372 6,511 4,367 8,735,495
37,441,874 28,483,976 65,925,850
1,153,531 11,156,021 12,309,552
4,367,164 64,517,336 68,884,500
The Company did not provide an allowance for doubtful accounts as of December 31, 2009, 2008 and 2007 as management believes that the receivables from customers are fully collectible.
10. Employees Receivables This account represents loans given to the Company’s employees, which are collected through monthly salary deductions. The loans are charged with interest rate at 10% per annum.
11. Other Receivables 2009 Rp Related Party (see Note 40) Avi Y. Dwipayana Total Third Parties Interest Receivables of Marketable Securities Interest Receivables of Time Deposits Receivables from Investments Advisory Others (each below Rp 50,000)
2008 Rp
2007 Rp
---
---
7,915,312 7,915,312
3,470,084 46,376 -251,290 3,767,750
5,693,654 8,795 -1,216,613 6,919,062
5,159,293 16,052 275,000 109,823 5,560,168
As of December 31, 2009, 2008 and 2007, the Company did not provide an allowance for doubtful accounts, as management believes that the other receivables from customers are fully collectible.
d1/April 14, 2010
170
paraf:
These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) 12. Investments in Shares 2009 Rp Kustodian Sentral Efek Indonesia Indonesia Stock Exchange (IDX) X
300,000 135,000 435,000
2008 Rp
2007 Rp
300,000 135,000 435,000
300,000 135,000 435,000
Investments in the shares of IDX are requirements formembers of the stock exchanges. The Company owns one of IDX’s shares. Investment in shares of PT Kustodian Sentral Efek Indonesia consists of 60 shares. 13. Taxation a. Prepaid Taxes 2009 Rp
2008 Rp
2007 Rp
Income Tax Article 28A Year 2008 Income Tax Article 28A Year 2009 Value Added Tax - Net
21,183,210 4,591,333 638,663
21,183,210 -1,897,491
----
Total
26,413,206
23,080,701
--
2009 Rp
2008 Rp
b. Taxes Payables 2007 Rp
Income Tax Article 21 Article 23 Article 4(2) Article 26 Article 25 Article 29 Value Added Tax - N et Sale of Share Transaction
1,547,595 270,873 232,875 1,921,421 ---1,257,531
4,879,216 4,013,387 163,035 23,376 1,427,936 --1,609,233
7,630,742 46,228 156,585 18,914 -20,745,340 3,288,919 2,390,497
T otal
5,230,295
12,116,183
34,277,225
The Company received letter No 5-11 86/WPJ.07/KP 0808/2007 dated December 7, 2007 from the Directorate General of Public Companies Tax Office for value added taxes (VAT) correction that resulted from levy for the period January 2004 through December 2006. The Company had computed such VAT underpayment amounting to Rp 3,431,835 and was settled on January 9, 2008. As of December 31, 2007 such underpayment was included under VAT payable account.
d1/April 14, 2010
171
paraf:
These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) c. Corporate Income Tax Expenses 2009 Rp Current Tax Expenses: From Normal Business Operation Final Income Tax Expenses Total Current Tax Expenses Deferred Tax Expenses From Temporary Difference From Changes of Tax Rate Other Adjustments Total Deferred Tax Expenses (Benefit) Total
2008 Rp
2007 Rp
1,095,011 3,812,714 4,907,725
2,771,133 3,658,540 6,429,673
29,007,800 2,440,850 31,448,650
(988,188) 916,387 227,474 155,673 5,063,398
6,807,331 986,188 -7,793,519 14,223,192
(3,833,172) --(3,833,172) 27,615,478
Reconciliation between income before income tax expense per statements of income and taxable of income are as follows: 2009 Rp Income Before Income Tax Expense Interest Income Subjected to Final Tax Total At Single Tax Rate of 28% At Maximum Tax Rate of 30% Net Permanent Differences at Maximum Tax Rate Effect of Income Taxed at Rates Less than 30% Effect of Reduction of Tax Rate Other Adjustments
2008 Rp
2007 Rp
26,250,391 (19,063,569) 7,186,822
45,506,156 (18,292,700) 27,213,456
123,334,451 (12,204,245) 111,130,206
2,012,310 -(1,905,487) -916,387 227,474 1,250,684
-8,164,037 3,404,303 (17,500) (986,188) -10,564,652
-33,339,062 (8,146,934) (17,500) --25,174,628
Added by: Final Income Tax Expense (20%)
3,812,714
3,658,540
2,440,850
Total Corporate Income Tax Expenses
5,063,398
14,223,192
27,615,478
d. Current Tax Expenses The Company’s estimated taxable incomes for the years ended December 31, 2009, 2008 and 2007 are follows: 2009 Rp Income Before Income Tax as Per Statements of Income Interest Income Subjected to Final Tax Total Timing Differences Allowance for Doubtful Accounts Accumulated Depreciation of Fixed Assets (Reversal) Addition of Accrued Employee Benefits Expenses - Net (Reversal) Addition of Accrued for Employee Bonuses Employees Allowances Unrealized Gain (Loss) Due to Adjustment in Market Value of Marketable Securities
d1/April 14, 2010
172
2008 Rp
2007 Rp
26,250,391 (19,063,569) 7,186,822
45,506,156 (18,292,700) 27,213,456
123,334,451 (12,204,245) 111,130,206
2,452,088 (227,312)
528,152 (26,329)
-(564,371)
4,823,612 (862,220) (2,233,416)
(8,437,969) (16,816,021) --
7,483,681 13,000,000 --
-3,952,752
-(24,752,167)
(6,994,873) 12,924,437
paraf:
These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated)
Permanent Differences Unrealized Gain (Loss) Due to Adjustment in Market Value of Marketable Securities that Subject to Final Tax - Net EMSOP Expenses Marketing Expenses Entertainment and Donation Expenses Related to Income Subject to Final Tax Gain on Sale of Fixed Assets Interest Coupon from Bonds Subject to Final Tax Gain on Sale of Investment Not Subject to Tax or Subject to Final Tax Others Taxable Income Estimated Current Income Tax Expenses 10% x Rp 50,000 15% x Rp 50,000 28% x (2008 and 2007: Nil) 30% x (2008: Rp 9,195,444; 2007: Rp 96,651,005) Less: Prepayment of Income Taxes: Income Tax Article 23 Income Tax Article 25 Fiscal Estimated (Overpayment) Underpayment Corporate Income Tax
2009 Rp
2008 Rp
2007 Rp
(1,674,868) 6,230,619 2,654,846 708,169 2,511,279 (194,433) (14,585,446)
28,245,881 4,933,284 1,835,007 1,154,082 1,045,995 (67,287) (2,940,157)
(9,380,602) -2,058,326 1,147,172 7,379,801 (147,195) (4,970,379)
(4,052,160) 1,173,174 (7,228,820)
(28,592,738) 1,220,088 6,834,155
(29,105,228) 5,714,467 (27,303,638)
3,910,754
9,295,444
96,751,005
--1,095,011 -1,095,011
5,000 7,500 -2,758,634 2,771,134
5,000 7,500 -28,995,300 29,007,800
(1,402,534) (4,283,810) -(5,686,344)
(5,195,015) (18,716,129) (43,200) (23,954,344)
(4,670,688) (3,583,772) (8,000) (8,262,460)
(4,591,333)
(21,183,210)
20,745,340
Estimated taxable income for the years ended December 31, 2008 and 2007as mentioned above were used as basis of the annual income tax return for 2008 and 2007, which were reported on April 30, 2009 and April 1, 2008, respectively. Meanwhile estimated taxable income for the year ended December 31, 2009 as mentioned above will be used as basis for the 2009 annual income tax return. The Company submits tax returns on the basis of self-assessment. The tax authorities may assess or amend taxes within five years from the date when the tax was payable. e. Deferred Tax Assets - Net
The calculation of deferred tax benefit (expenses) in relation to the temporary differences for the years ended December 31, 2009, 2008, and 2007 are as follows: 2006
Rp Employee Benefits Liability Provision for Employee Bonuses Provision for Employee Allowances Fixed Assets Allowance for Doubtful Accounts Unrealized Loss (Gain) Due to Decrease (Increase) in Fair Value of Marketable Securities Total
d1/April 14, 2010
Credited (Charged) to Statements of Income Rp
2007
Rp
Credited (Charged) to Statements of Income Rp
Change of Tax Rate
Rp
Credited (Charged) to Statements of Income Rp
Change of Tax Rate
Other Adjustments
2009
Rp
Rp
4,999,390 3,900,000 -492,446 --
2,245,104 3,900,000 -(213,470) --
7,244,494 7,800,000 -278,976 --
(2,531,391) (5,044,806) 900,000 440,812 158,446
(606,809) (183,680) (60,000) (125,136) (10,563)
4,106,294 2,571,514 840,000 594,652 147,883
1,205,903 (215,555) (558,354) (56,828) 613,022
(471,310) (275,519) (90,000) (63,713) (15,845)
292,602 (224,143) -(295,933) --
5,133,489 1,856,297 191,646 178,178 745,060
2,828,854 12,220,690
(2,098,462) 3,833,172
730,392 16,053,862
(730,392) (6,807,331)
-(986,188)
-8,260,343
-988,188
-(916,387)
-(227,474)
-8,104,670
173
Rp
2008
paraf:
Rp
These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) In September 2008, Law No. 7 Year 1983 regarding “Income Tax” has been revised for the fourth time with Law No. 36 Year 2008. The revised Law stipulates changes in corporate tax rate from progressive tax rates up to maximum 30% to a single rate of 28% for year 2009 and 25% for year 2010 onwards. The utilization of deferred tax assets recognized by the Company is dependent upon future taxable profits in excess of profits arising from the reversal of existing taxable temporary differences. As of December 31, 2009, 2008, 2007, management believes that deferred tax assets can be utilized therefore the Company’s management does not provide provision for diminishing value for those deferred tax assets. 14. Fixed Assets Beginning Balance Rp
Additions Rp
2009 Disposals Rp
Corrections Rp
Ending Balance Rp
Cost Direct Ownership Land Buildings Leasehold Improvements Motor Vehicles Office Equipments Total T
86,375 1,911,747 16,088,313 3,466,905 39,022,582 60,575,922
--1,732,489 -3,938,607 5,671,096
86,375 374,625 --100,655 561,655
---(187,000) -(187,000)
-1,537,122 17,820,802 3,279,905 42,860,534 65,498,363
Accumulated Depreciation Direct Ownership Buildings Leasehold Improvements Motor Vehicles Office Equipments Total T Book Value
882,460 11,674,495 2,639,561 20,085,138 35,281,654 25,294,268
86,222 1,619,725 405,137 5,473,651 7,584,735
187,313 --100,655 287,968
--(187,000) -(187,000)
781,369 13,294,220 2,857,698 25,458,134 42,391,421 23,106,942
Beginning Balance Rp
Additions Rp
2008 Disposals Rp
Corrections Rp
Ending Balance Rp
Cost Direct Ownership Land Buildings Leasehold Improvements Motor Vehicles Office Equipments T Total
86,375 1,911,747 13,721,700 3,466,905 26,955,023 46,141,750
--2,366,613 -15,467,921 17,834,534
----3,400,362 3,400,362
-------
86,375 1,911,747 16,088,313 3,466,905 39,022,582 60,575,922
Accumulated Depreciation Direct Ownership Buildings Leasehold Improvements Motor Vehicles Office Equipments Total T Book Value
786,873 10,391,695 2,081,847 19,852,872 33,113,287 13,028,463
95,587 1,282,800 557,714 3,621,526 5,557,627
---3,389,260 3,389,260
------
882,460 11,674,495 2,639,561 20,085,138 35,281,654 25,294,268
d1/April 14, 2010
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These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) Beginning Balance Rp
Additions Rp
2007 Disposals Rp
Corrections Rp
Ending Balance Rp
Cost Direct Ownership Land Buildings Leasehold Improvements Motor Vehicles Office Equipments T Total
86,375 1,911,747 12,395,843 3,704,505 23,130,073 41,228,543
--1,325,857 647,690 4,053,152 6,026,699
---885,290 228,202 1,113,492
-------
86,375 1,911,747 13,721,700 3,466,905 26,955,023 46,141,750
Accumulated Depreciation Direct Ownership Buildings Leasehold Improvements Motor Vehicles Office Equipments Total T Book Value
691,286 9,359,320 2,365,130 18,220,183 30,635,919 10,592,624
95,587 1,032,375 602,007 1,860,891 3,590,860
--885,290 228,202 1,113,492
------
786,873 10,391,695 2,081,847 19,852,872 33,113,287 13,028,463
Depreciation expenses for the years ended December 31, 2009, 2008 and 2007 amounting to Rp 7,584,735, Rp 5,557,627, and Rp 3,590,860, respectively. The fixed assets, except land, were insured with insurance coverage as follows:
PT Asuransi Allianz Utama Indonesia PT Asuransi Adira Dinamika Total
2009 Rp
2008 Rp
2007 Rp
20,255,832 -20,255,832
28,851,391 -28,851,391
7,908,575 4,171,715 12,080,290
The management believes that the insurance coverage is adequate to cover possible losses arising from such risks. In management’s opinion, the carrying values of all fixed assets are fully recoverable, and hence, no writedown for impairment in asset value is necessary. 15. Other Assets 2009 Rp
2008 Rp
2007 Rp
Prepaid Expenses Guarantee Deposits Others ((each below Rp 350,000)
5,518,908 1,908,892 1,063,688
6,336,000 2,213,282 1,985,810
4,822,370 2,179,921 1,375,884
Total
8,491,488
10,535,092
8,378,175
d1/April 14, 2010
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These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) 16. Bank Loans 2009 Rp PT Bank Permata Tbk PT Bank Sinarmas PT Bank Central Asia Tbk PT Bank Mandiri (Persero) Tbk Total
25,000,000 25,000,000 24,990,946 10,000,000 84,990,946
2008 Rp
2007 Rp ----------
75,000,000 -50,000,000 45,000,000 170,000,000
PT Bank Permata Tbk (“Bank Permata”) Based on loan agreement dated August 18, 2005, the Company obtained “money market line” unsecured credit facility for a maximum of Rp 45,000,000 that bears interest rate at rate of one month certificate of Bank Indonesia (“SBI”) plus 2.50% per annum. The loan agreement was amended several times with the latest amendment on September 1, 2009, which changed the agreement into money market facility with the maximum facility of Rp 85,000,000 with the bears interest rate which valid at the market. This facility will mature on August 30, 2010. The outstanding loan as of December 31, 2009 is Rp 25.000.000 (2008: Nil; 2007: Rp 75,000,000). On September 1, 2009, the Company also obtained additional facility, foreign exchange line and fixed income trading to support treasury facility with settlement facility maximum limit amounting to USD 15,000,000 (full amount). Outstanding loan as of December 31, 2009 is nil. PT Bank Sinarmas Based on loan agreement No. OL.188/2009//CM/CR-AO/TH dated October 28, 2009, the Company obtained “Demand Loan - revolving unsecured credit facility for a maximum of Rp 75,000,000 that bears interest rate following money market plus 2.00% per annum. The term of facility was one year and will be matured on August 6, 2010. The outstanding loan as of December 31, 2009 is Rp 25,000,000. PT Bank Central AsiaTbk (“Bank BCA”) Based on a renewed loan agreement dated May 2, 2007, the Company obtained a local unsecured credit facility from Bank BCA with a maximum limit of Rp 10,000,000, which bears interest rate at 1.50% per annum above Bank BCA’s time deposits rate. On May 2, 2007, the Company also obtained other unsecured credit facilities from Bank BCA that will be matured on March 29, 2008 as stated on the acknowledgement letter No. 1817/GBK/2007 as follows: a. Local credit facility for working capital financing up to maximum of Rp 30,000,000 which bears interest rate at 11.50% per annum. b. Time loan revolving credit facility for working capital up to maximum of Rp 50,000,000 which bears interest rate at 11.50% per annum. c. Intraday KPEI credit facility for stock trading settlement support in Indonesia Stock Exchange (IDX) up to maximum of Rp 80,000,000 with charges of Rp 50 per transaction. d. Foreign exchange (FX) line credit facility for hedging requirement with maximum limit of USD 5,000,000 (full amount). Based on notice of extension of withdrawal and/or decrease in credit facility from Bank BCA No. 30069/GBK/2009 those credit facilities were extended until December 29, 2009, as follows: a. Local credit facility for working capital financing with maximum limit of Rp 30,000,000 which bears interest rate at 14.00% per annum. b. Time loan revolving credit facility for working capital with maximum limit of Rp 50,000,000 which bears interest rate at 14.00% per annum. c. Foreign exchange (FX) line credit facility for hedging requirement with maximum limit of USD 5,000,000 (full amount). d1/April 14, 2010
176
paraf:
These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) This credit facility has been extended until March 29, 2010 based on notice of extension of withdrawal and/or using in credit facility from Bank BCA No. 31061/GBK/2009 The outstanding balance of loan from Bank BCA as of December 31, 2009 is Rp 24,990,946 (2008: nil; 2007: Rp 50,000,000). PT Bank Mandiri (Persero) Tbk (Bank Mandiri”) Based on credit agreement dated December 27, 2007, the Company obtained unsecured short-term credit facility with maximum amount of Rp 45,000,000 and an interest rate as determined by Bank Mandiri. The outstanding loan as of December 31, 2007 amounted to Rp 45,000,000. Based on agreement for foreign exchange line transaction services dated January 8, 2008, the Company obtained unsecured foreign exchange line transaction services with limit amounted to Rp 45,000,000 from Bank Mandiri. This facility is for one-year period that will mature on January 7, 2009 and not extended. The period for each foreign exchange line transaction is maximum one month and can be extended 14 workdays before the maturity of such period. The Company also obtained foreign exchange line facility to perform forex transaction, hedging and settlement of Company’s forex liability, with maximum limit of Rp 45,000,000 or equivalent in foreign exchange market (based on potential future exposure). Based on credit agreement No.KP-CRO/034/PK-KMK/2009 dated December 17, 2009, the Company obtained unsecured short-term working capital credit facility (“KMKJP”) with maximum amount of Rp 90,000,000 and an interest rate as determined by Bank Mandiri. This facility is for one-year period that will mature on December 16, 2010. The outstanding balance of loan from this facility as of December 31, 2009 is Rp 10,000,000. Based on agreement for treasury transaction services dated December 17, 2009, the Company obtained unsecured treasury line services credit facility with maximum amount of USD 5,000,000 (full amount) which will be matured on December 16, 2010. On October 29, 2009, the Company obtained extended uncommitted intraday facility with maximum amount of Rp 177,000,000 which covered: a. Receiving fund which come from: x Receiving fund from PT Kustodian Sentral Efek Indonesia (KPEI) resulted from net sell stocks transaction in regular market. x Receiving fund from Bank Mandiri custodian resulted from buy-sell transaction for Government Bonds (Surat Utang Negara - “SUN”) and/or stocks transaction in negotiation market and/or corporation bonds transaction in Indonesia Stock Exchange (IDX). b. Placement fund in “cash” in Bank Mandiri, Stock Exchange Jakarta branch in the form of: x Time deposits and/or deposits on call in Rupiah and/or USD currencies. x Current account in USD currency. The interest which charged to this facility was intraday fee with minimum percentage of 0.008% - 0.02% per day and/or admintrative fee from Rp 100 up to Rp 250. This facility is for one-year period that will mature on August 27, 2010.
d1/April 14, 2010
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PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) 17. Repo Liability Securities Pledged PT Bank Internasional Indonesia Tbk
PT Bank Sinarmas PT Bank Sinarmas
Government Bonds FR0034 Year 2006, FR0043 Year 2007 and FR0045 Year 2007 Government Bonds FR0038 Year 2006, FR0045 Year 2007 Government Bonds FR0040 Year 2007, FR0042 Year 2007 and FR0047 Year 2007
Repurchase Price Unamortized Interest Carrying Amount
2009 Rp
2008 Rp
2007 Rp
--
--
46,722,735
--
--
45,191,368
---
-----
42,949,400 134,863,503 (404,213) 134,459,290
--
a. Government Bonds Series FR0034 Year 2006, FR0043 Year 2007 and FR0045 Year 2007 Based on the repo agreement between the Company and PT Bank lnternasionaI Indonesia Tbk dated November 22, 2007, the Company sold Government Bonds series FR0034 Year 2006, FR0043 Year 2007 and FR0045 Year 2007 with nominal value of Rp 10,000,000, Rp 30,000,000 and Rp 10,000,000, respectively, with total sales price of Rp 46,209,615. The market price of such Government Bonds as of December 31, 2007 was Rp 50,438,980. The repurchase price of such Government Bonds as of January 3, 2008 was Rp 46,722,735. b. Government Bonds Series FR0038 Year 2006 and FR0045 Year 2007 Based on the repo agreement between the Company and PT Bank Sinarmas dated December 19, 2007, the Company sold Government Bonds series FR0038 Year 2006, and FR0045 Year 2007 with nominal value of Rp 20,000,000 and Rp 30,000,000, respectively, with total sales price of Rp 44,800,000. The market price of such Government Bonds as of December 31, 2007 was Rp 49,471,020. The repurchase price of those Government Bonds as of January 29, 2008 was Rp 45,191 368. c. Government Bonds Series FR0040 Year 2007, FR0042 Year 2007 and FR0047 Year 2007 Based on the repo agreement between the Company and PT Bank Sinarmas dated November 30, 2007, the Company sold Government Bonds series FR0040 Year 2007, F0042 Year 2007 and FR0047 Year 2007 with nominal value of Rp 20,000,000, Rp 10,000,000 and Rp 20,000,000, respectively, with total sales price of Rp 42,610,000. The market price of such Government Bonds as of December 31, 2007 was Rp 49,811,600. The repurchase price of such Government Bonds as of January 3, 2008 was Rp 42,949,400. All market prices of such Government Bonds which have secured by the Company to PT Bank Internasional Indonesia Tbk dan PT Bank Sinarmas in relation to repo transaction were consist of bonds securities - trading and bonds securities - available for sale, which have market value amounting to Rp 39,995,000 and Rp 109,726,560, respectively (see Note 5).
d1/April 14, 2010
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PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) 18. Payables to Customers 2009 Rp Related Parties (see Note 40) TRIM Syariah Berimbang TRIM Syariah Saham Mr. Avi Y. Dwipayana TRIM Kapital TRIM Kombinasi 2 Total Third Parties Each Below 5% of Total Payables to Customers Each More than or Equal to 5% of Total Payables to Customers Total Payables to Customers are Classified by Type of Customer: Individuals Institutions Total
2008 Rp
2007 Rp
5,427,660 2,187,077 1,353,457 --8,968,194
--184,020 10,199,439 378 10,383,837
4,607,862 -55,217 -5,208,168 9,871,247
216,853,076
15,571,240
377,908,651
22,357,082 239,210,158
154,233,866 169,805,106
-377,908,651
221,751,816 26,426,536 248,178,352
146,062,552 34,126,391 180,188,943
362,067,833 25,712,065 387,779,898
19. Margin Payables - Third Parties This account represents fund from customers in relation to margin trading transactions through the Company. 2009 Rp
2008 Rp
2007 Rp
Each More than or Equal to 5% of total Margin Payables Each Below 5% of Total Margin Payables Total
3,258,816 11,392,228 14,651,044
5,825,979 7,227,362 13,053,341
64,427,403 19,028,216 83,455,619
Margin Payables are Classified by Type of Customers: Individual Non-individual Total
13,922,097 728,947 14,651,044
13,043,038 10,303 13,053,341
83,455,619 -83,455,619
Interest Rate per Annum
5.90% - 9.42%
10.00%
10.00%
20. Employee Benefits The Company provides unfunded post-employment benefits for its employees based on the Company’s Collective Labor Agreement (“CLA”) between the Company and employees and Labor Law No. 13/2003 dated March 25, 2003 (“the Law”) as follows: December 31, 2009 x The early retirement age is 45 or working period more than 15 year, x The Company’s contribution for DPLK premium for 2009 is 3% from employees’ basic salaries, x 2.8 times payment of severance amounts specified by Article 156 (2) of the Law, plus, x 1.4 times payment of the service amounts specified by Article 156 (3) of the Law, plus, x 15% of the total severance and service payments. d1/April 14, 2010
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paraf:
These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) December 31, 2008 x The early retirement age is 45 or working period more than 15 year, x The Company s contribution for DPLK premium for 2008 is 8% from employees’ basic salaries, x 2.8 times payment of severance amounts specified by Article 156 (2) of the Law, plus, x 1.4 times payment of the service amounts specified by Article 156 (3) of the Law, plus, x 15% of the total severance and service payments. December 31, 2007 x 2.8 times payment of severance amounts specified by Article 156 (2) of the Law, plus, x 1.4 times payment of the service amounts specified by Article 156 (3) of the Law, plus, x 15% of the total severance and service payments. The Company entered into defined contribution pension plan for its permanent employees through monthly fixed contribution to DPLK. During year 2009 and 2008, contribution pension which was funded by the Company’s contribution amounted to 3% (2008: 8%) from the monthly employees’ basic salaries and recognized as personal expenses amounted to Rp 661,767 and Rp 25,757,160. The following tables summarize the components of net employee benefits expense recognized in the statements of income and amounts recognized in the balance sheets for the employee benefits liability as determined by an independent actuary. a. Net Employee Benefits Expense 2009 Rp
2008 Rp
2007 Rp
Current Service Cost Interest Cost Amortization of Unrecognized Past Service Cost Amortization of Actuarial Gain Past Service Cost-Plan Amendment Gain from Curtailment and Settlement
3,580,166 2,199,296 -491,732 ---
4,626,712 2,282,010 15,163,859 9,392,513 8,018,446 ( (47,683,919 )
4,542,045 2,091,774 36,491 353,922 772,350 ---
Net Employee Benefits (Income) Settlement
6,271,194
(8,200,379)
7,796,582
b. Employee Benefits Liability
Present Value of Employee Benefits Obligation Unrecognized Actuarial Loss Unrecognized Past Service Cost-Unvested Employee Benefit Liability
2009 Rp
2008 Rp
2007 Rp
21,250,264 (716,308) -20,533,956
18,327,469 (2,617,124) -15,710,345
40,910,511 (8,444,995) (8,317,202) 24,148,314
Movements in the benefits liability during the years ended December 31, 2009, 2008 and 2007 are as follows:
Beginning Balance Net Employee Benefits Expenses Benefits Payment Ending Balance
d1/April 14, 2010
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2009 Rp
2008 Rp
2007 Rp
15,710,345 6,271,194 (1,447,583) 20,533,956
24,148,314 (8,200,379) (237,590) 15,710,345
16,664,634 7,796,582 (312,902) 24,148,314
paraf:
These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) The employee benefits expenses as of December 31, 2009, 2008 and 2007 was calculated by an independent actuary, PT Sentra Jasa Aktuaria, in its report dated March 15, 2010, March 30, 2009, and March 14, 2008. The principal assumptions used in determining employee benefits liability as of December 31, 2009, 2008 and 2007 are as follows: 2009 Discount Rate per Year Annual Salary Increase per Year Expected Return from Plant Assets per Year Mortality Normal Retirement Age Disability Age
10.00% 10.00% 9.00% TMI '99 55 years 5% from mortality
2008 12.00% 10.00% 9.00% TMI '99 55 years 5% from mortality
2007 10.00% 8.00% TMI '99 55 years 5% from mortality
Voluntary resignation rate at 2% for employee below the age of 30 years and will linearly decreased until 0% at the age of 52 years.
21. Share-Based Compensation Based on Extraordinary General Shareholders Meeting (“EGSM”) on December, 19 2007, the Company’s shareholders approved the transfer of treasury stock for selling to the employees and management through Employee/Management- Stock Option Plan Program Trimegah (“EMSOP Trimegah”). The EMSOP Trimegah period starts from date of approval in EGSM on December 19, 2007, until August 13, 2010, with 3 (three) phases of implementation and 2 (two) periods as follows: Implementation schedules EMSOP Trimegah, are as follows: x First Phase : March 17, 2008 until August 13, 2010 x Second Phase : March 17, 2009 until August 13, 2010 x Third Phase : March 17, 2010 until August 13, 2010 Implementation periods EMSOP Trimegah, are as follows: x Year 2008 : May 19, 2008 - June 30, 2008 and November 12, 2008 - December 24, 2008 x Year 2009 : May 20, 2009 - June 30, 2009 and November 13, 2009 - December 24, 2009 x Tahun 2010 : May 24, 2010 - July 2, 2010 and July 5, 2010 - August 13,2010 Those entitled to this program are the Company’s board of directors and key employees with reference to working period, title and performance The position summary of the EMSOP Trimegah as of December, 31 2009 and the changes for the current year are as follows: T Total
Stock Option Granted During the Year Forfeited Stock Option During 2009 Stock Option Exercised During 2009 Forfeited Stock Option by Employee Total Outstanding Stock Option at Year End Fair Value of Stock Option at Grant Date
d1/April 14, 2010
Wei ghted Average Option Exercise Price
56,865,000 48,713,719 -21,712,685 83,866,034
181
247 247 ----247 66.43
paraf:
These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) The position summary of the EMSOP Trimegah as of December, 31 2008 and the changes for the current year are as follows: Total
Stock Opt ion Granted During the Year Forfeited Stock Option During 2008 Stock Opt ion Exercised During 2008 Forfeited Stock Option by Employee Total Outstanding Stock Option at Year End Fair Value of Stock Option at Grant Date
Wei ghted Average Option Exercise Price
56,864,906 48,731,617 -8,151,289 48,731,617
247 247 --247 66.43
Compensation costs recognized in the statements of income in relation to stock options for the year ended December 31, 2009 and 2008 amounting to Rp 6,230,619 dan Rp 4,933,284, respectively and credited to share options reserve in equity. The fair value of each option right was estimated on the vesting date using the modified black-scholes option pricing model with the following primary assumptions. Expected Dividend Yield Share’s Price at Grant Date (in Full Rupiah) Exercise Price (in Full Rupiah) Exercise Volatilty of Stock Price Risk Free Interest Rate Forfeiture Rate
0% 240 247 53.07% 8.9% 14.88%
22. Accrued Expenses and Provision 2009 Rp Other Allowances Bonuses Prof essional Fees Market ing Expenses Sales Commission Others (each belo w Rp 20 0,000) Total
d1/April 14, 2010
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2008 Rp
2007 Rp
5,816,452 2,750,000 439,000 334,417 178,953 653,311
3,000,000 8,584,434 420,391 216,403 428,755 585,282
-26,000,000 272,700 536,879 3,026,134 428,439
10,172,133
13,235,265
30,264,152
paraf:
These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) 23. Promissory Notes The Company’s promissory notes issued Turing 2009, 2008 and 2007 are as follows: Nominal Amount Rp TRIM PN VI Year 2007 TRIM PN VII Yea r 2007 TRIM PN VIII Yea r 2007 TRIM PN IX Year 2008 TRIM PN X Year 2008 TRIM PN XI Year 2008 TRIM PN XIIA Year 2008 TRIM PN XIVA Year 2008 TRIM PN XIIIA Year 2008 TRIM PN XIIB Year 2008 TRIM PN XIVB Year 2008 TRIM PN XIIIB Year 2008 TRIM PN XV Year 2008 TRIM PN XVI Year 2008
50, 750,000 53, 900,000 32, 850,000 26, 400,000 43, 950,000 58, 350,000 39, 850,000 54, 200,000 25, 750,000 25, 800,000 22, 250,000 15, 700,000 8, 000,000 28, 050,000
Discount Rp (3,053,199) (2,473,504) (514,865) (628,207) (2,142,648) (2,844,676) (2,038,580) (1,477,163) (1,311,090) (2,008,125) (1,135,088) (1,221,999) (408,121) (147,251)
Total T Rp 47,696,801 51,426,496 32,335,135 25,771,793 41,807,352 55,505,324 37,811,420 52,722,837 24,388,910 23,791,875 21,114,912 14,478,001 7,591,879 27,902,749
Maturity Date
Discount Rate
July 10, 2 007 Septe mber 5, 2 007 Septe mber 5, 2 007 April 24, 2 008 August 4, 2 008 Octo ber 29, 2 008 December 30,2 008 November 11, 2 008 January r 28, 2 009 March 31, 2 009 Feb ruarry 9, 2 009 F April 28, 2 009 April 28, 2 009 April 12, 2 009
12.470%-13.370% 11.875%-12.470% 11.875%-12.470% 11.521% 12.169% 12.169% 12.770% 12.415% 12.770% 13.440% 13.440% 13.440% 12.770% 12.530%
Promissory notes which have not yet matured as of December 31, 2009 are as follows: Nominal Amoun t Rp TRIM PN XVI Year 2008 To tal
28,050,000 28,050,000
Unamortized Discount Rp (901,354) (901,354)
Total Rp 27,148,646 27,148,646
Promissory notes which have not yet matured as of December 31, 2008 are as follows: Nominal Amount
Unamortized Discount
Total
Rp
Rp
Rp
TRIM PN XIIB Year 2008 TRIM PN XIIIA Year 2008 TRIM PN XIIIB Year 2008
25,800,000 25,700,000 15,700,000
(787,500) (238,612) (625,986)
25,012,500 25,461,388 15,074,014
TRIM PN XIVB Year 2008 TRIM PN XV Year 2008 To tal
22,250,000 8,000,000 97,450,000
(296,755) (317,428) (2,266,281)
21,953,245 7,682,572 95,183,719
The Company has fully repaid the promissory notes on the maturity date of each promissory note.
d1/April 14, 2010
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PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) 24. Bonds Payable 2009 Rp Nominal Value: Bonds I Bonds II Total Una mortized Bond Issuance Cost: Bonds I Bonds II Total Total Bonds Payable Issuance Cost: Bonds I Bonds II Total Less : Accumulated Amortization Bonds I Bonds II Total Accumula ted Amortized Cost Unamorized Bonds Issuance Cost
2008 Rp
2007 Rp
-150,000,000 150,000,000
41,350 ,000 200,000 ,000 241,350 ,000
41,350,000 3 00,000,000 3 41,350,000
-((205,164) ( (205,164 ) 149,794,836
(55,113) (718,509) (773,622) 240,576 ,378
(157,911) (1,753,953) (1,911,864) 3 39,438,136
-2,444,462 2,444,462
3,729 ,122 2,444 ,462 6,173 ,584
3,729,122 2,444,462 6,173,584
-((2,239,298) ( (2,239,298 ) 205,164
(3,674,009) (1,725,953) (5,399,962) 773 ,622
(3,571,210) (690,510) ( (4,261,720 ) 1,911,864
PT Trimegah Securities Tbk Bonds I Year 2004 On July 14, 2004, the Company issued and listed the PT Trimegah Securities Tbk Bonds I Year 2004 (“Trimegah Bonds I”) with a fixed interest rate at 12.875% per annum and a nominal value amounting to Rp 300,000,000 on Indonesia Stock Exchange (IDX). Interest is paid every three months commencing from October 14, 2004. The term of this Trimegah Bonds I is 5 (five) years and will mature on July 14, 2009. The issuance of this Trimegah Bonds I is covered by effective statement from BAPEPAM-LK based on its letter No. S-1980/PM/2004 dated June 30, 2004. The terms of the indenture with trustee, PT Bank Rakyat Indonesia (Persero) Tbk (“BRI”) related to Trimegah Bonds I payable contain covenants, as follows: a. Maintaining the ratio between the net total liabilities (total liabilities which has, interest payable less cash and cash equivalents) and equity (net debt to equity ratio) not more than 4:1. b. Maintaining the ratio between total income before interest, tax and depreciation/amortization and total net interest expense (total interest expense less total interest income) not less than 2.5:1. c. Filing for bankruptcy or postponement of the Liability Settlement (“PLS”), except for PLS in connectionwith bankruptcy claim from third parties against the Company. d. Reducing the authorized, issued and fully paid up capital of the Company except for treasury stocks that is allowed by the prevailing laws. e. Grant new borrowings to any parties outside the Company’s core businees activities. The Trimegah Bonds I is secured by the Company’s margin receivables (see Note 6) based on the following scheme: a. Minimum 30% from margin receivables starting the issuance date (July 14, 2004). b. Becoming 75% from margin receivables starting December 31, 2004. c. Becoming 100% from margin receivables starting March 31, 2005 until the maturity date of the bonds as of July 14, 2009.
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184
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These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) If the amount of margin receivables is less than the above scheme, the Company has to place additional collateral and/or security conversion of receivables from customers and/or mutual funds participating units and/or other marketable securities and/or time deposits owned by the Company. As of December 31, 2008 and 2007, the Company had complied with all collaterals required by Trirnegah Bonds I agreement. Based on a report of PT Pemeringkat Efek Indonesia (PT Pefindo) No. 265/PEF-Dir/IV/2004 dated May 14, 2004, the Trimegah Bonds I Year 2004 rating was idA-. Meanwhile on June 29, 2009, June 17, 2008 and June 5, 2007, PT Pefindo rated the Trimegah Bonds I Year 2004 still at idA-. On July 12, 2009, the Company has settled the Trimegah Bonds I Year 2004 amounting to Rp 41,350,000. PT Trimegah Securities Tbk Bonds II Year 2007 On July 12, 2007, the Company has issued and listed the PT Trimegah Securities Tbk Bonds II Year 2007 (“Trimegah Bonds II”) with a fixed interest rate and a nominal value of Rp 300,000,000 on BEI. Interest is paid on quarterly basis commencing from October 12, 2007. The issuance of the Trimegah Bonds II is covered by effective statement from BAPEPAM-LK based on its letter No S-3239/BL/2007 dated June 29, 2007. Trimegah Bonds II comprised of three series: a. Seri A: b. Seri B: c.
Seri C:
Nominal value of Rp 100,000,000 with a fixed coupon rate of 10.000% per annum maturing 370 days since the issuance date (due date on July 22, 2008). Nominal value of Rp50,000,000 with a fixed coupon rate at 10.375% per annum, maturing two (2) years since the issuance date (due date on July 12, 2009). Nominal value Rp150 000,000 with a fixed coupon rate at 10 875% per annum, maturing three (3) years since the issuance date (due date on July 12, 2010).
Based on PT Pefindos letter No 314/PEF-DIR/Vl/2007 dated June 5 2007, the Company’s Trimegah Bonds Il Year 2007 rating was idA-. Meanwhile on June 29, 2009 and June 17, 2008, PT Pefindo rated the Trimegah Bonds II Year 2007 still at idA-. The terms of the indenture with trustee, BRI, related to Trimegah Bonds II Year 2007 included the covenants as follows: a. The Company is not allowed to pledge or charge in anyway either a part (with value up to 75% of the Company’s assets) or the total assets including rights on the Company’s revenue both realized and unrealized to third parties. b. Grant corporate guarantee to other parties c. Grant new borrowings or guarantee to any parties d. Sale or transfer in anyway more than 10% of audited total assets except for sale or transfer in the normal course of business of the Company e. Merger and/or business combination and/or acquisition, except for the same operation activities and/or supporting the Company’s activities and not resulting in material changes in the current activities and negatively affect the Company’s ability to fulfill obligations based on the Trustee agreement. f. Initiating changes in the nature and scope of activity. g. Filing bankruptcy claim or PLS, except for bankruptcy claim filed by third parties to the Company. h. Reducing authorized capital, issued shares and fully paid shares, except the execution of buy back of the Company’s shares in accordance with the prevailing regulation.
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PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) The Company is obligated to: a. Transfer funds (in good fund) which is needed to settle the bond principal or to settle the matured bonds interest to the Trustee at the latest one trading day before the bonds interest settlement date. b. Fulfill all financial liabilities based on audited annual financial statements by maintaining the ratio between total income before interest, tax and depreciation/amortization and total net interest expense (total interest expense less total interest income) not less than 2.5:1. c. Maintain adjusted net working capital in accordance with BAPEPAM-LK rules. As of December 31, 2009, 2008 and 2007, the Company had fulfilled all the above mentioned requirements as stipulated in Trimegah Bonds II agreement. On July 12, 2009 and July 22, 2008, the Company had settled Trimegah Bonds II serie B and serie A amounting to Rp 50,000,000 and Rp 100,000,000.
25. Interests Payable 2009 Rp Trimegah Securities Tbk Bonds II Year 2007 Trimegah Securities Tbk Bonds I Year 2004 Loan from PT Bank Sinarmas Loan from PT Bank Permata Tbk Loan from PT Bank Central Asia Tbk Loan from PT Bank Mandiri (Persero) Tbk To tal
3,534,374 -31,771 27,778 25,321 5,556 3,624,800
2008 Rp
2007 Rp
4,658,333 1,153,493 ----5,811,826
6,824,995 1,153,493 -246,361 168,060 35,625 8,428,534
Details of bonds interest expenses are as follows:
Trimegah Securities Tbk Bonds II Year 2007 Trimegah Securities Tbk Bonds I Year 2004 Total
2009 Rp
2008 Rp
2007 Rp
19,079,166 2,839,367 21,918,533
27,111,111 5,323,813 32,434,924
14,700,000 5,323,813 20,023,813
Total bank loans interest expenses for years ended December 31, 2009, 2008 and 2007 amounting to Rp 1,685,205, Rp 13,501,370 and Rp 6,880,022, respectively (see Note 37). 26. Share Capital Number of Shares
MLPFS S/A Demerara Limited Deutsche Bank AG, London United Investment Inc. Northern TST GSL Re Clients - Treaty Accounts Public (each below 5% )
915,753,000 822,819,047 727,752,750 350,000,000 637,975,203 3,454,300,000 200,700,000 3,655,000,000
Treasury r Stock Total
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2009 Percentage of Ownership 26.51% 23.82% 21.07% 10.13% 18.47% 100.00%
Total Rp 45,787,650 41,140,952 36,387,638 17,500,000 31,898,760 172,715,000 10,035,000 182,750,000
paraf:
These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated)
Number of Shares
MLPFS S/A Demerara Limited Deutsche Bank AG, London United Investment Inc. Northern TST GSL Re Clients - Treaty Accounts Avi Y. Dwipayana (President Director) r Desimon (Director) Public (each below 5% )
915,753,000 892,808,500 727,752,750 350,000,000 2,236,500 1,863,500 563,885,750 3,454,300,000 200,700,000 3,655,000,000
Treasury r Stock Total
Number of Shares
MLPFS S/A Demerara Limited United Investment Inc. Morgan Stanley & Co. Intl PLC - IPB Client Account RBC Dexia Investor Services Trust - Treaty Accounts PT Dwipa Miranda Lestari Avi Y. Dwipayana (President Director) r Public (each below 5% )
915,753,000 727,752,750 662,258,000 350,000,000 77,400,000 48,400,000 672,736,250 3,454,300,000 200,700,000 3,655,000,000
Treasury r Stock Total
2008 Percentage of Ownership 26.51% 25.85% 21.07% 10.13% 0.06% 0.05% 16.32% 100.00%
2007 Percentage of Ownership 26.51% 21.07% 19.17% 10.13% 2.24% 1.40% 19.48% 100.00%
Total Rp 45,787,650 44,640,425 36,387,638 17,500,000 111,825 93,175 28,194,287 172,715,000 10,035,000 182,750,000
Total Rp 45,787,650 36,387,637 33,112,900 17,500,000 3,870,000 2,420,000 33,636,813 172,715,000 10,035,000 182,750,000
On May 29, 2007, Spinnaker Asset Management - SAM Limited (‘SAM Limited”), an associate company of Spinnaker Global Emerging Markets Fund Ltd., Spinnaker Global Opportunity Fund Ltd. and Spinnaker Global Strategic Fund Ltd. or other associated companies (“Spinnaker Capital Funds”), signed a Share Sale and Purchase Agreement (“PJBS”) with United Investment Inc., PT Philadel Terra Lestari and Mr. Pieter Tanuri in connection with the acquisition of 914,752,750 shares (“Acquisition”) representing 25.02% of the Company’s issued and paid up shares with purchase price of Rp 215 (full amount) per share. On July 9, 2007, MLPFS S/A Demerara Limited (“Demerara Limited”), a company that is fully owned by Spinnaker Emerging Global Emerging Market Funds Limited, acquired 914,752,750 shares representing 25.02% of the Company’s issued and paid up shares. With the above acquisition, Demerara Limited becomes the new controlling shareholder. To fulfill the BAPEPAM-LK regulation No. IX.H.1 concerning the Acquisition of Public Company, relating to the decision of the Chairman of BAPEPAM-LK No. Kep-05/PM/2002 dated April 3, 2002, Demerara Limited shall conduct tender offer for the remaining shares of the Company owned by the public totaling 1,811,794,500 shares representing 49.57% of total paid up and issued shares, excluding the shares owned by the principal shareholders or other controlling shareholders. On July 13, 2007, Demerara Limited announced the tender offer plan in two daily Indonesia newspapers. BAPEPAM-LK has approved the above acquisition based on letter No.S-3268/BL/2007 dated July 5, 2007.
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PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) Treasury stock. Based on the Extraordinary General Shareholders’ Meeting as stated in Notarial Deed. No. 62 dated May 20, 2003 by Fathiah Helmi, S.H., a notary in Jakarta, the shareholders approved to buy back (reacquisition) the Company’s shares which were held by the public in accordance with BAPEPAM-LK regulation No. Xl.B.2 within an 18 months period with the following conditions: x The maximum total of buy back shares shall be 340,000,000 shares or 10% of the issued and fully paid in capital (3,400,000,000 shares); x The maximum total fund to buy back the Company’s shares is Rp 27,336,000, including transaction fees, broker’s fees and other expenses that may be incurred in relation to the buy back of the shares. For the execution of the buy back of shares, the Company has appointed PT Artha Pacific Securities as the Company’s broker. The Company had bought back 200,700,000 shares with an acquisition cost of Rp 16,056,000 (see Note 1.c) in 18 months. As of December 31, 2009, 2008 and 2007, the Company’s issued and paid in capital has fulfilled the minimum requirement by the Ministry of Finance Decision Letter No. 179/KMK.010/2003 concerning to securities company’s shares ownership and equity.
27. Additional Paid in Capital This account represents premium on share capital resulting from the difference between proceeds from initial public offering of shares less distribution of bonus shares and share issuance costs. The balance as of December 31, 2009, 2008 and 2007 was as follows: Initial Public Offering of 50,000,000 Shares with a Price of Rp 2,000 (full amount)t per Share and Par Value Rp 500 (full amount)t per Share Distribution of Bonus Shares (see Note 1.c) Shares Issuance Cost Total
75,000,000 (70,000,000) (4,355,025) 644,975
28. Brokerage Commissions This account represents commissions obtained by the Company from brokerage services in relation to securities with selling commission at average of 0.4% and purchase commission at average of 0.3% from transaction including securities exchange transaction fee and related tax. 29. Investment Advisory Fees This account represents fee from advisory services rendered by the Company to its customers in relation to financial restructuring, assets divestment and sale of strategic assets.
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PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) 30. Interest Income - Net 2009 Rp Interest Income from Bonds Securities Interest Income from Customer Receivables - Net Other Interest Income Total
17,530,960 15,603,363 255,399 33,389,722
2008 Rp 24,516,506 77,133,221 289,160 101,938,887
2007 Rp 10,639,955 80,157,404 409,230 91,206,589
31. Gain (Loss) on Trading of Marketable Securities - Net This account represents the net gain on sale of securities including unrealized (loss) gain on the (decrease) increase in value of securities. 2009 Rp Realized Gain on Trading of Mutual Funds - Net Gain on Trading of Bonds Unrealized (Loss) Gain on Marketable Securities Held for Trading - Net Realized (Loss) Gain on Marketable Securities Held for Trading - Net Total
2,464,871 1,589,850 (7,397) 1,674,375 5,721,699
2008 Rp 506,022 2,333,392 (4,173,428) (10,438,587) (11,772,601)
2007 Rp 7,032,857 5,427,328 22,931,495 7,003,203 42,394,883
32. Underwriting and Selling Fees This account represents fees obtained by the Company from underwriting activities and the selling agent for limited public offerings of shares and bonds with pre-order right for share and mutual funds.
Underwriting Fees Selling Fees To tal
2009 Rp
2008 Rp
2007 Rp
8,037,927 6,044,405 14,082,332
15,009,470 17,758,239 32,767,709
10,141,514 4,930,721 15,072,235
33. Investment Management Fees This account represents fees obtained by the Company as investment manager of funds managed by the Company (Notes 40 and 41).
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PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) 34. Salaries and Allowances 2009 Rp Salaries and Allowances Severance Bonuses Reward to Comissioners Total
79,290,547 -2,750,000 -82,040,547
2008 Rp 96,708,067 1,963,983 6,000,000 -104,672,050
2007 Rp 96,051,740 312,902 26,000,000 8,288,305 130,652,947
Total compensation benefits paid by the Company to the Boards of Commissioners and Directors for the years ended December 31, 2009, 2008 and 2007 amounting to Rp 14,270,955, Rp 16,985,926 and Rp 9,794,553, respectively. On July 11, 2007, the Company granted a reward of Rp 8,288,305 to the Company’s former commissioner who resigned from the Company. 35. Advertising and Promotion 2009 Rp Marketing Expenses Advertising Expenses Total
2008 Rp
2007 Rp
12,787,945 5,317,848 18,105,793
11,110,058 3,445,457 14,555,515
2009 Rp
2008 Rp
2007 Rp
5,777,164 13,286,405 19,063,569
9,426,274 8,866,426 18,292,700
9,998,664 2,205,581 12,204,245
2009 Rp
2008 Rp
2007 Rp
21,918,533 3,774,487 1,685,205 189,989 568,458 834,719 28,971,391
32,434,924 15,558,300 13,501,370 8,224,548 1,138,242 561,944 71,419,328
20,023,813 7,829,661 6,880,022 1,424,862 793,309 837,494 37,789,161
6,824,808 953,702 7,778,510
36. Interest Income - Third Parties
Time Deposits Current Accounts Total
37. Interest and Financial Expenses – Third Parties
Interest Expenses of Bonds Payable (see Note 25) Interest Expenses of Promissory Notes Payable (see Note 23) Bank Loans and Others (see Note 25) Interest Expenses and Repo Transactions (see Note 17) Amortization of Bond Issuance Cost (see Note 24) Bank Administration and Others Total
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PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) 38. Basic Earnings Per Share Income from operation and net income for the calculation of earnings per share are as follows:
Operating Income Net Income
2009 Rp
2008 Rp
2007 Rp
37,901,851 21,186,993
95,526,672 31,282,964
154,084,025 95,718,973
The weighted average number of shares for the calculation of basic earnings per share amounted to 3,454,300,000 (full amount), as of December 31, 2009, 2008 and 2007, respectively. As of December 31, 2009, 2008, and 2007, there was no diluted effect which arising from the Company’s EMSOP program (see Note 21) due to execution price of stocks option was higher than market price of the Company’s shares as at balance sheets date. Basic earnings per share are as follows: 2009 Basic Earnings per Share Operating Income per Share Earnings per Share
2008
11 6
2007
28 9
45 28
39. Cash Dividend And General Reserve Based on the Annual General shareholders’ Meeting as stated in notarial deed No. 78 dated June 25, 2009 of Fathiah Helmi, S.H., notary in Jakarta, the shareholders’ approved the distribution of cash dividends for 2008 amounting to Rp 10,362,900 or Rp 3 (full amount) per share, and an appropriation of Rp 200,000 to general reserves. Based on the Annual General Shareholders’ Meeting as stated in notarial deed No. 91 dated June 24, 2008 of Fathiah Helmi, S.H., notary in Jakarta, the shareholders’ approved the distribution of cash dividends for 2007 amounting to Rp 41,451,600 or Rp 12 (full amount) per share, and an appropriation of Rp 500,000 to general reserves. Based on the Annual General Shareholders’ Meeting as stated in notarial deed No. 69 dated June 28, 2007 of Fathiah Helmi, S.H., notary in Jakarta, the shareholders’ approved the distribution of cash dividends for 2006 amounting to Rp 34,543,000 or Rp 10 (full amount) per share, and an appropriation of Rp 500,000 to general reserves.
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These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) 40. Nature of Relationship and Transaction with Related Parties Nature of relationship a. Mr. Avi Y. Dwipayana and PT Dwipa Miranda Lestari are shareholders of the Company. b. Key employees and directors are personnel who have an authority and responsibility to plan, lead and control the Company’s operations. Transactions with related parties In the normal course of business, the Company entered into certain transactions with related parties under similar terms and conditions as those with non-related parties. The Company believes that there is no conflict of interest on such transactions with related parties as stated in the BAPEPAM-LK regulation No. IX.E.l related to Conflict of Interest on Certain Transactions, up to the completion date of this report. Transactions with related parties are as follows: a. Mr. Avi Y. Dwipayana is one of the Company’s’ customers. As of December 31, 2009, 2008, and 2007, the Company has payable to him amounting to Rp 1,353,457, Rp 184,020, and Rp 55,217 (see Note 18). As of December 31, 2009, Mr. Avi Y. Dwipayana had payable to the Company amounting to nil (2008: nil; 2007: Rp 7,915,312) (see Note 11). b. Mr. Desimon is one of the Company’s customers. As of December 31, 2009, the Company has receivable from him amounting to Rp 89,595 (see Note 9). c. The Company is a sponsor of the following mutual funds: TRIM Kapital (formerly known as Dana Megah Kapital), TRIM Dana Tetap (formerly known as Trimegah Dana Tetap), TRIM Kombinasi (formerly known as Trimegah Dana Kombinasi), TRIM Pundi Reksa (formerly known as Pundi Reksa Rupiah), TRIM Kas (formerly known as Trimegah Dana Kas), TRIM Dana Stabil (formerly known as Trimegah Dana Stabil), TRIM Sejahtera (formerly known as Trimegah Sejahtera), Trimegah Dana Terproteksi, Pundi Terproteksi and TRIM Kombinasi 2. d. The Company renders brokerage services and management services to the foIIowig mutual funds: TRIM Kapital, TRIM Dana Tetap, TRIM Kombinasi, TRIM Pundi Reksa Rupiah, TRIM Kas, TRIM Dana Stabil, TRIM Sejahtera, Trimegah Dana Terproteksi, Pundi Terproteksi, TRIM Lestari, TRIM Kombinasi 2, TRIM Lestari 2, TRIM Syariah Berimbang, TRIM Syariah Saham, TRIM Performa Terproteksi, TRIM Kas 2, TRIM Kapital Plus, TRIM Dana Tetap 2, TRIM Gebyar Terproteksi I, Pooled Fund TRIM Selaras I - VIII, Pooled Fund TRIM Pendapatan Reguler, TRIM Terproteksi Prima II, TRIM Terproteksi Prima III, TRIM Syariah Terproteksi Prima I, TRIM Syariah Terproteksi Prima II and TRIM Terproteksi Lestari III. e. The Company acted as a selling agent of TRIM Dana Stabil whereas during 2009, 2008, and 2007, the Company earned selling agent fees amounting to Rp 200,769, Rp 5,315,951, and Rp 10,313,446. f. The Company had sales of debt securities with mutual funds under its management. Significant balances with related parties were as follows: 2009 Rp Assets Marketable Securities - Units of Mutual Funds (see Note 5) Percentage to Total Assets Receivables from Customers (see Note 9) Percentage to Total Assets Other Receivables (see Note 11) Percentage to Total Assets Liabilities Payables to Customers (see Note 18) Percentage to Total Liabilities
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2008 Rp
2007 Rp
78,003,388 8.31% 9,429,632 1.00% ---
3,003,388 0.31% 2,562,223 0.26% ---
4,366,854 0.26% 8,735,495 0.52% 7,915,312 0.47%
8,968,194 1.56%
10,383,837 1.77%
9,871,247 0.80%
paraf:
These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) Significant transactions with related parties were as follows: 2009 Rp Revenues Brokerage Commissions Percentage to Total Revenues Gain on Trading Marketable Securities - Realized Gain on Trading of Mutual Funds Percentage to Total Revenues Gain (Loss) on Trading of Bonds Percentage to Total Revenues Investment Management Fees Percentage to Total Revenues
2008 Rp
2007 Rp
5,837,158 3.10%
7,708,634 2.67%
9,486,051 2.77%
1,046,754 0.56% (5,613) 0.00% 45,995,722 24.40%
2,076,435 0.72% 210,532 0.07% 50,464,207 17.47%
5,940,941 1.74% 17,685,165 5.17% 47,798,958 13.96%
41. Agreements and Commitments a. The Company entered into agreements with the following custodian banks in connection with Collective Investment Contract for the following mutual funds whereby the Company acts as an investment manager of the assets of the mutual funds and receives fees (see Note 33). The following summarized of Collective Investment Contracts which still valid up to the date of the report as follows: Date of Agreement
Custodian Bank
Mutual Funds
Maximum fee from Net Asset Value
November 8, 2006
Standard Chartered Indonesia
TRIM Lestari 2
1.50%
March 10, 1997 and the Latest Amendment Dated Februari 14, 2007
PT Bank CIMB Niaga Tbk
TRIM Kapital
5.00%
October 31, 2001 and Terminated Dated August 6, 2008
PT Bank CIMB Niaga Tbk
TRIM Kombinasi
3.00%
October 31, 2001 and Terminated Dated August 6, 2008
PT Bank CIMB Niaga Tbk
TRIM Dana Tetap
1.50%
January 20, 2003 and Terminated Dated August 6, 2008
PT Bank CIMB Niaga Tbk
TRIM Kas
1.50%
March 22, 2003 and the Latest Amendment Dated June 19, 2007 and then Terminated Dated September 4, 2008
PT Bank Internasional Indonesia Tbk
TRIM Pundi Reksa
0.25%
November 18, 2003 and the Latest Amendment Dated June 19, 2007
PT Bank Internasional Indonesia Tbk
TRIM Dana Stabil
2.00%
March 4, 2005 and the Latest Amendment Dated December 14, 2005 then Terminated Dated August 9, 2007
PT Bank Internasional Indonesia Tbk
TRIM Sejahtera
2.00%
September 13, 2005 then Terminated Dated November 13, 2007
PT Bank CIMB Niaga Tbk
Trimegah Dana Terproteksi
1.50%
September 22, 2005 then Terminated Dated September 23, 2008
PT Bank Internasional Indonesia Tbk
Pundi Terproteksi
1.50%
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PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated)
Date of Agreement
Custodian Bank
Maximum fee from Net Asset Value
Mutual Funds
October 3, 2006 then Terminated Dated August 11, 2009
Deutsche Bank AG, Indonesia
TRIM Lestari
1.50%
October 5, 2006 and the Latest Amendment Dated March 25, 2008
Deutsche Bank AG, Indonesia
TRIM Kombinasi 2
5.00%
December 18, 2006 and the Latest Amendment Dated March 25, 2008
Deutsche Bank AG, Indonesia
TRIM Syariah Saham
3.00%
December 18, 2006 and the Latest Amendment Dated March 25, 2008
Deutsche Bank AG, Indonesia
TRIM Syariah Berimbang
3.00%
January 4, 2008 then Terminated Dated October 22, 2009
PT Bank CIMB Niaga Tbk
TRIM Performa Terproteksi
1.50%
March 14, 2008
PT Bank CIMB Niaga Tbk
TRIM Kas 2
1.50%
April 4, 2008
PT Bank CIMB Niaga Tbk
TRIM Kapital Plus
3.80%
April 28, 2008 and the Latest Amendment Dated August 11, 2008
PT Bank CIMB Niaga Tbk
TRIM Dana Tetap 2
1.50%
June 2, 2008
PT Bank Central Asia Tbk
TRIM Gebyar Terproteksi I
1.50%
November 26, 2008
PT Bank CIMB Niaga Tbk
TRIM Terproteksi Prima
1.50%
July 25, August 14, September 4, September 10, and December 19, 2008
PT Bank CIMB Niaga Tbk
Pooled Fund TRIM Selaras I - IX and Pendapatan Reguler
2.00%
January 6, 2009
PT Bank CIMB Niaga Tbk
TRIM Terproteksi Prima II
1.50%
April 29, 2009
PT Bank CIMB Niaga Tbk
TRIM Terproteksi Prima III
1.50%
Mei 4, 2009
PT Bank Permata Tbk
TRIM SyariahTerproteksi Prima I
0.50%
Mei 4, 2009
PT Bank Negara Indonesia (Persero) Tbk
TRIM SyariahTerproteksi Prima II
1.00%
August 28, 2009
Deutsche Bank AG, Indonesia
TRIM Terproteksi Lestari 3
1.50%
b. On February 1, 2001, the Company entered into an agreement with Bank BCA whereby Bank BCA will provide service facilities for the payments of TRIM Dana Tetap mutual funds, TRIM Kombinasi mutual funds and TRIM Kapital mutual funds purchases and share purchase transactions with the Company. This agreement is valid for a year and is automatically renewable. 42. Adjusted Net Working Capital BAPEPAM-LK regulation No.V.D.5 as included in Chairman of BAPEPAM-LK decision attachment No. Kep20/PM/2003 dated May 8, 2003 and BAPEPAM-LK regulation No.X.E.1 as included in Chairman of BAPEPAM-LK decision attachment No. Kep-06/BL/2006 dated July 31, 2006 which was subsequently renewed with Chairman of BAPEPAM-LK decision No. Kep-460/BL/2008 dated November 10, 2008, among others, determined the Adjusted Net Working Capital (“ANWC”) for securities companies that operate as broker which administers customers’ accounts and as underwriter amounting to Rp 25,200,000. d1/April 14, 2010
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These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) As of December 31, 2009, 2008 and 2007, the Company had ANWC balance of Rp 193,512,237, Rp 205,525,521, and Rp 287,313,119, respectively, which exceed the minimum balance required by the above regulation.
43. Legal Case The Company was involved a co-defendant on case No. 405/Pdt.G/2006/PN.Jkt.Pst on Central Jakarta District Court between Mr. Ng Ming Hwe as the Plaintiff and PT Bank Internasional Indonesia Tbk (“Bank BII) as the Defendant. There is no liability being claimed to the Company pursuant to petition of such case, except to obey the decision, which shall be made by the judge on the mentioned case. On September 12, 2007, the Council of Judges of Central Jakarta District Court rejected all the petitions of the Plaintiff and asked the Plaintiff to compensate all the fees relating to the legal proceeding. On January 28, 2008, Bank BII as an appellee (formerly a defendant) has filed its counter memory appeal to Central Jakarta District Court for its decision No. 405/Pdt.G/2007/PN.JKT.PST solely to Mr. Ng Ming Hwe as an appellant (formerly a plaintiff). On April 30, 2008, Central Jakarta District Court has sent the notice of appeal letter and transfer memory No.150/SRT.PDT.BDG/2007/PN.JKT.PST. Jo.No.405/PDT/G/2006/PN.JKT.PST whereas Mr. Ng Ming Hwe as an appellant and Bank BII as an appellee and the Company as joint appellee. On November 17, 2008, the Council of Judges of DKI Jakarta High Court rejected all the petitions of the appellant (formerly a plaintiff) and asked the appellant to compensate all the fees relating to the legal proceeding. The decision of such DKI Jakarta High Court has been announced to: x Appellant formerly Plaintiff dated June 1, 2009; x Appellee formerly Defendant dated May 28, 2009; and x Joint Appellee formerly co-Defendant dated June 1, 2009. Up to December 31, 2009, there is no appeal action to the Supreme Court from the parties who involved in this legal case. 44. Subsequent Events Based on notification letter from the Company to BAPEPAM-LK dated February 11, 2010, it is annouched that effective January 31, 2010 Mr. Rosinu has resigned from his occupation as the Company’s Director, whereas up to the resigned date, he still undertaked his liability as Director and still received his rights which embedded to him. Based on notification letter from the Company to BAPEPAM-LK dated March 11, 2010, it is annouched Mr. Desimon has proposed resignation from his occupation as the Company’s Director which will be valid when Extraordinary General Shareholders Meeting (“EGSM”) regarding his resignation was held or during 60 days after the Company received his resignation letter, whichever comes first. 45. Revised Statements of Financial Statement of Financial Accounting Standards The following summarized the Statements of Financial Accounting Standards (PSAK) which have been recently issued by the Indonesian Institute of Accountants and relevant with the Company’s financial statements but not effective yet as follows: Effective valid at or after January 1, 2010: x PSAK No. 50 (Revised 2006), “Financial Instruments: Presentation and Disclosures” Containsthe requirements for the presentation of financial instruments and identifies the information that should be disclosed. d1/April 14, 2010
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These financial statements are originally issued in Indonesia language
PT TRIMEGAH SECURITIES Tbk NOTES TO THE FINANCIAL STATEMENTS (Continued) For the Years Ended December 31, 2009, 2008 and 2007 (In Thousand Rupiah, Unless otherwise Stated) x
PSAK No. 55 (Revised 2006), “Financial Instruments: Recognition and Measurement” Establishes the principles for recognizing and measuring financial assets, financial liabilities, and some contracts to buy or sell non-financial items.
Effective valid at or after January 1, 2011: x PSAK No. 1 (Revised 2009), “Presentation of Financial Statements” Prescribes the basis for the presentation of general purpose financial statements to ensure comparability both with the entity’s financial statementsfrom the prior periods and with the financial statements from other entities. x PSAK No. 2 (Revised 2009), “Statement of Cash Flows” Establishes obligation of information regarding historical changed in cash and cash equivalents through statement of cash flows which classified cash flows into operating, investing, and financing activities during one period. x PSAK No. 25 (Revised 2009), “Accounting Policies, Changes in Accounting Estimates and Errors” Prescribes the criteria for selecting and changing in accounting policies, simultaneously with the accounting treatment and disclosure of changing in accounting policies, changing in accounting estimates, and correction of errors. x PSAK No. 48 (Revised 2009), “Impairment of Assets” Prescribes the procedures that should be applied to ensure the recorded assets not exceeding the recoverable amount and if the impairment of assets is occurred, therefore the impairment loss should be recognized. x PSAK No. 57 (Revised 2009), “Provisions, Contingent Liabilities and Contingent Assets” Prescribes the recognition and measurement of provisions, contingent liabilities and contingent assets and to ensure that sufficient information is disclosed in the notes to the financial statements, therefore, the users will understand the nature, timing and amount, related to such information. The Company is presently evaluating and has not determined yet the effects of these revised Standards on its financial statements. 46. Management Responsibilities on Completion of Financial Statements The management of the Company is responsible for preparation of these financial statements that were completed on March 20, 2010.
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