NOT FOR DISTRIBUTION IN THE UNITED STATES
PT BANK DANAMON INDONESIA TBK
LIMITED PUBLIC OFFERING V RELATING TO THE ISSUANCE OF PRE-EMPTIVE RIGHTS
138 FOR 1,000 RIGHTS OFFERING OF 1,162,285,399 SERIES B SHARES AT A PRICE OF RP4,300 PER SHARE
Standby Purchasers
The date of this document is 24 August 2011
IMPORTANT — PLEASE READ The information in the attached is an unofficial English translation (the “English Translation”) of the prospectus of PT Bank Danamon Indonesia Tbk (the “Company”) dated 24 August, 2011 and written in Bahasa Indonesia (the “Bahasa Prospectus”). The Bahasa Prospectus has been prepared by the Company solely to provide current shareholders of the Company information in connection with a rights offering by the Company (the “Rights Offering”). The English Translation is confidential and must not be copied, reproduced, distributed, passed (in whole or in part) through any medium or in any form or disclosed or made available to any person other than the intended recipient at any time. The English Translation has been provided only for the convenience of the recipient. No representation or warranty, express or implied, is or will be made in or in relation to, and no responsibility or loss is or will be accepted by the Company or any of its advisers as to the accuracy of the translation or its contents and any liability therefore is hereby expressly disclaimed. To the fullest extent permissible by law, neither the Company nor any of its advisers have any responsibility or liability whatsoever, for negligence or otherwise, for any loss arising from the use of the attached English Translation or its contents, or any liability otherwise arising in connection with the attached English Translation. The Bahasa Prospectus is the governing version and, in the event of any inconsistency, the Bahasa Prospectus shall prevail over the English Translation. Any decision to participate in the Rights Offering should be made solely on the basis of the information contained in the final Bahasa Prospectus, which shall be made available to the recipient upon request. Such request can be made to the Company by contacting the Investors Relations Division in writing to: Head of Investor Relations PT. Bank Danamon Indonesia Tbk Menara Bank Danamon, 6th Floor JI. Prof. DR. Satrio Kav. E 4 No. 6 Mega Kuningan, Jakarta 12950 Indonesia Email:
[email protected]
ADDITIONAL INVESTMENT DECISION CONSIDERATIONS Results of Operation and Financial Information for the Six Months Ended 30 June 2011 In addition to the information contained in the Bahasa Prospectus and the convenience English Translation, persons considering making an investment decision in respect of the Rights Offering should consider the Company’s consolidated results of operation and financial information as at and for the six months ended June 30, 2011, which are available at http://www.idx.co.id/Home/ ListedCompanies/ReportDocument/tabid/91/language/en-US/Default.aspx (code: BDMN, Year: 2011, Period: Triwulan II). Risk Factors Relating to Indonesia Persons considering making an investment decision should also consider the following risk factors relating to Indonesia: Adverse political and social conditions may affect the Company’s business, financial performance and operations. Since the 1997 Asian financial crisis, Indonesia has suffered from political instability, as well as social and civil unrest. President Suharto’s regime ended in 1998, and since then, Indonesia has undergone democratic change. In 1999, Indonesia successfully conducted its first free parliamentary and presidential elections. However, the country continues to face various socio-political problems, including conflicts among various political factions, conflicts between regional authorities and the central government, friction between civilian and military institutions, civil disturbances, social unrest, labour unrest and activism, clashes among religious and ethnic groups, various armed separatist uprisings and, most recently, terrorist attacks on foreign tourists and consular facilities. The Government has attempted to address instability and unrest with limited success. The Government has continued negotiations with certain regions in Indonesia, where there have been separatist movements and clashes among religious and ethnic groups. The Government has enjoyed a degree of success in these negotiations but there are still various issues that remain outstanding. Further tensions in these regions could exacerbate political instability in Indonesia. The Company is incorporated in Indonesia, and most of its assets and operations are located in Indonesia. As a result, future political and social conditions in Indonesia, as well as certain actions and policies that the Government may adopt, could materially and adversely affect the Company’s businesses, financial condition, results of operations and prospects. Political and related social developments in Indonesia have been unpredictable in the past and there can be no assurance that social and civil disturbances will not occur in the future and on a wider scale, or that any such disturbances will not, directly or indirectly, materially and adversely affect the Company’s business, financial condition, results of operations and prospects. Terrorist attacks in Indonesia and the surrounding region, as well as other destabilising events in Southeast Asia, could have a significant adverse effect on the Indonesian economy and on the Company’s business and financial performance. The 11 September 2001 terrorist attacks in the United States, coupled with the military response by the United States and allied forces in Iraq, have resulted in economic volatility and social unrest in Southeast Asia. Recent terrorist attacks in Southeast Asia and specifically the Bali bombings have exacerbated this volatility. Subsequent geo-political events and any further terrorist actions may cause further volatility. Any additional significant military or other response by the United States and its allies could also materially and adversely affect international financial markets and thus the Indonesian economy.
During the last five years, there have been various bombing incidents. As a reaction to the terrorist attacks, the Government of Indonesia has institutionalised certain security improvements and carried out certain legal reforms to more effectively fight terrorism. In addition, some suspected key terrorists figures have been captured and tried, but there can be no assurance that further terrorist acts will not occur in the future. Violent acts arising from and leading to instability and unrest have in the past had, and could continue to have, a material adverse effect on investment, confidence in, and the performance of, certain sectors of the Indonesian economy, and in turn, the Company’s business. Any of the events described above, including any damage to the Company’s assets, could disrupt the Company’s business and materially and adversely affect its financial condition, results of operations and, prospects. The Company’s insurance policies currently do not cover terrorist attacks. Indonesia is located in an earthquake zone and is subject to significant geological risk that could lead to social unrest and economic loss. The Indonesian archipelago is one of the most volcanically active regions in the world. Because it is located in the convergence zone of three major lithospheric plates, it is subject to significant seismic activity that can lead to destructive earthquakes, tsunamis, or tidal waves. On 26 December 2004, an underwater earthquake off the coast of Sumatra caused a tsunami, devastating coastal communities in Indonesia, Thailand and Sri Lanka. In Indonesia, more than 220,000 people died or were recorded as missing in the disaster. Aftershocks from the December 2004 tsunami also claimed casualties. On 27 May 2006, another earthquake struck the Indonesian provinces of Yogyakarta and central Java, in which more than 5,000 people died. On 17 July 2006, an earthquake followed by a tsunami struck the southern coast of Indonesia’s Java Island, in which more than 600 people died. While the December 2004 tsunami did not have a significant economic impact on Indonesian capital markets, the Government has had to expend significant amounts of resources on emergency aid and resettlement efforts. There can be no assurance that future geological occurrences will not significantly impact the Indonesian economy. A significant earthquake or other geological disturbance in any of Indonesia’s more populated cities and financial centres could severely disrupt the Indonesian economy and undermine investor confidence, thereby materially and adversely affecting the Company’s businesses, financial condition, results of operations and prospects. Labour unrest may materially and adversely affect the Company. The weak economic conditions have resulted, and may continue to result, in labour unrest and activism in Indonesia. On 25 February 2003, the House of Representatives passed Law No. 13/2003 (the “Labour Law”) which became effective on 25 March 2003. The Labour Law adopted provisions for severance pay, long service pay and compensation as components of the amount payable to an employee upon termination. Employees have the right to refuse to continue their employment if there is a change of status, change of ownership or merger or consolidation of its employer. If employment is terminated based on these reasons, the employees will be entitled to severance pay, long service pay and other compensation which are calculated based on their basic salary and fixed allowances, as well as their length of employment with such employer. In April 2006, thousands of workers across Indonesia protested against proposed parliamentary revisions to the Labour Law which, if implemented, would have curbed the ability of workers to strike and softened regulations on termination payments for dismissed workers. In response to these protests, President Yudhoyono called upon Government officials and representatives of labour unions and employers to meet and agree on mutually acceptable revisions to the proposed law. While the Government has issued certain regulations to redefine the entitlement of employees to termination payments by introducing certain salary limitations that would entitle employees to termination payments under the Labour Law, labour unrest and activism in Indonesia could disrupt the Company’s operations and could also affect the financial condition of Indonesian companies in general, reducing the prices of Indonesian securities on the Jakarta or other stock exchanges and the value of the Rupiah relative to other currencies. Such events could materially and adversely affect the Company’s businesses, financial condition, results of operations, and prospects.
Avian influenza or other contagious diseases have in the past and may in the future have an adverse effect on the economic conditions of certain Asian countries. During the last five years, many parts of Asia experienced unprecedented outbreaks of avian influenza. The World Health Organisation announced in June 2006 that human-to-human transmission of avian influenza had been confirmed in Sumatra, Indonesia. According to the World Health Organisation, as at 30 September 2007, 86 people in Indonesia were confirmed to have died from avian influenza. Currently, no fully effective avian influenza vaccines have been developed, and there can be no assurance that an effective vaccine can be produced in time to guard against a potential avian influenza pandemic. There can be no assurance that an outbreak of avian influenza or other contagious diseases will not occur, or that the measures taken by governments of affected countries against such potential outbreaks will not seriously interrupt the Company’s operations or those of its customers, which may in turn have a material adverse effect on its results of operations.
NOTICE TO INVESTORS No person is authorized to give any information or to make any representation in connection with the Rights Offering other than as contained in the Bahasa Prospectus. If any such information is given or made, it must not be relied upon as having been authorized by the Company or any of its subsidiaries, affiliates or advisors or the standby purchasers or any of their affiliates. Neither the delivery of this English Translation nor any sale made hereunder shall under any circumstances imply that there has been no change in our affairs or in the affairs of our subsidiaries or that the information set forth or incorporated by reference herein is correct as of any date subsequent to the date hereof. No action has been or will be taken in any jurisdiction other than the Republic of Indonesia to permit a public offering of the Rights (as defined herein) or the New Shares (as defined herein) or the circulation or distribution of the English Translation or the Bahasa Prospectus or any other offering material relating to the Rights Offering, the Rights or the New Shares in any jurisdiction where any such action is required. Persons who receive the English Translation, the Bahasa Prospectus or any other offering material or who participate in the Rights Offering are deemed to have represented to the Company and its advisers that they are able to do so in compliance with all applicable laws in all relevant jurisdictions. The distribution of the attached English Translation and the Bahasa Prospectus in jurisdictions other than the Republic of Indonesia may be restricted by law and persons who receive such documents should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of law in the relevant jurisdiction. This English Translation does not constitute an offer of, or an invitation to purchase, any of the Rights or New Shares in any jurisdiction in which such offer or invitation would be unlawful. The English Translation is confidential and must not be copied, reproduced, distributed, passed (in whole or in part) through any medium or in any form or disclosed or made available to any person other than the intended recipient at any time. Each offeree of the Rights or the New Shares, by accepting delivery of this English Translation, agrees to the foregoing. SELLING RESTRICTIONS United States The New Shares and Rights offered hereby have not been and will not be registered under the Securities Act of 1933 (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered, sold, pledged or otherwise transferred except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable state securities laws. Any representation to the contrary is a criminal offense in the United States. The New Shares are being offered (i) outside the United States only in “offshore transactions” as defined in Regulation S under the Securities Act and (ii) in the United States only to qualified Institutional buyers, as defined in Rule 144A under the Securities Act, in reliance on an exemption from the registration requirements of the Securities Act. There will be no public offer of the Rights or the New Shares in the United States. European Economic Area In relation to each member state of the European Economic Area which has implemented the Prospectus Directive (as defined below) (each, a “Relevant Member State”), there has been no offer of our shares or rights to the public in any Relevant Member State in any manner requiring the publication of a prospectus. Shares and rights in this offering may only be offered in any Relevant Member State: •
to legal entitles which are authorized or regulated to operate in the financial markets or, if not so authorized or regulated, whose corporate purpose is solely to invest in securities; or
•
to any legal entity which has two or more of (a) an average of at least 250 employees during the last financial year; (b) a total balance sheet of more than C43,000,000; and (c) an annual net turnover of more than C50,000,000, as shown in its last annual or consolidated accounts; or
•
in any other circumstances which do not require the publication by the Company of a prospectus pursuant to Article 3 of the Prospectus Directive.
For the purposes of the above, the expression an “offer of shares to the public” in any Relevant Member State means the communication in any form and by any means of sufficient information on the terms of the offer and the shares to be offered so as to enable an investor to decide to purchase or subscribe the shares, as the same may be varied in that Relevant Member State by any measure implementing the Prospectus Directive in that Relevant Member State, and the expression “Prospectus Directive” means Directive 2003/71/EC and includes any relevant implementing measure in each Relevant Member State. United Kingdom This English Translation and any other material in relation to the securities described herein is only being distributed to and is directed only at persons (i) who are outside the United Kingdom; (ii) who have professional experience in matters relating to investments; (iii) who are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations, etc.”) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005; or (iv) to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Acts 2000) may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). The exercise of rights and the purchase of shares are only available to, and any invitation, offer or agreement to exercise the rights or to subscribe, purchase or otherwise acquire the shares will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Hong Kong The Company has not offered or sold and will not offer or sell, in Hong Kong, by means of any document, any Rights or New Shares other than (a) to persons whose ordinary business is to buy or sell shares or debentures (whether as principle or agent), or (b) in other circumstances which do not constitute an offer, to the public within the meaning of the Companies Ordinance (Cap. 32) (the “CO”), or (c) to “professional investors” within the meaning of the Securities and Futures Ordinance (Cap. 571) (the “SFO”) and any rules made under the SFO, or (d) in other circumstances which do no result in the document being a “prospectus” within the meaning of the CO; and it has not issued, or had in its possession for the purpose of issue, and will not issue, or have in its possession for the purpose of issue (in each case whether in Hong Kong or elsewhere), any advertisement, invitation or document relating to the Rights or the New Shares which is directed at, or the contents of which are likely to be accessed or read by, the public in Hong Kong (except if permitted to do so under the laws of Hong Kong) other than with respect to the Rights or the New Shares which are or are intended to be disposed of only to persons outside Hong Kong or only to “professional investors” within the meaning of the SFO and any rules made under the SFO. Singapore Neither the English Translation, the Bahasa Prospectus nor any other offering material in connection with any offering of the Rights or New Shares has been registered as a prospectus with the Monetary Authority of Singapore under the Securities and Futures Act, Chapter 289 of Singapore (the “Securities and Futures Act”). The Company represents, warrants and agrees that the Rights and New Shares may not be offered or sold or made the subject of an invitation for subscription or purchase nor may the English Translation, the Bahasa Prospectus or any other document or material in connection with the offer or sale or invitation for subscription or purchase of any Rights or New Shares be circulated or
distributed, whether directly or indirectly, to the public or any member of the public in Singapore other than (a) to an institutional investor or other person falling within Section 274 of the Securities and Futures Act, (b) to a relevant person, or any person pursuant to Section 275(1A) of the Securities and Futures Act, and in accordance with the conditions specified in Section 275 of the Securities and Futures Act, or (c) otherwise than pursuant to, and in accordance with the conditions of, any other applicable provision of the Securities and Futures Act. Each of the following relevant persons specified in Section 275 of the Securities and Futures Act which has subscribed or purchased the Rights or New Shares, namely a person who is: (a)
a corporation (which is not an accredited investor) the sole business of which is to hold investments and the entire share capital of which is owned by one or more individuals, each of whom is an accredited investor; or
(b)
a trust (where the trustee is not an accredited investor) whose sole purpose is to hold investments and each beneficiary is an accredited investor,
should note that shares, debentures and units of shares and debentures of that corporation or the beneficiaries’ rights and interest in that trust shall not be transferable for 6 months after that corporation or that trust has acquired the Rights or New Shares under Section 275 of the Securities and Futures Act except: (1)
to an institutional investor under Section 274 of the Securities and Futures Act or to a relevant person, or any person pursuant to Section 275(1A) of the Securities and Futures Act, and in accordance with the conditions, specified in Section 275 of the Securities and Futures Act;
(2)
where no consideration is given for the transfer; or
(3)
by operation of law.
Japan THE NEW SHARES AND RIGHTS HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE FINANCIAL INSTRUMENTS AND EXCHANGE LAW OF JAPAN, AS AMENDED (“FIEL”). IN PARTICULAR, NO REGISTRATION HAS BEEN MADE IN RESPECT OF THE SOLICITATION OF AN OFFER FOR THE ACQUISITION OF THE NEW SHARES AND RIGHTS PURSUANT TO ARTICLE 4, PARAGRAPH 1 OF FIEL UNDER AN EXEMPTION THEREFROM PURSUANT TO ARTICLE 2, PARAGRAPH 3, ITEM 1 OF FIEL AND RELATED CABINET ORDER. ACCORDINGLY, IN CONNECTION WITH THE OFFERING MADE HEREBY THE NEW SHARES AND RIGHTS MAY NOT, DIRECTLY OR INDIRECTLY, BE OFFERED OR SOLD IN JAPAN TO, OR FOR THE BENEFIT OF, ANY RESIDENT OF JAPAN, OR TO OTHERS FOR REOFFERING OR RE-SALE DIRECTLY OR INDIRECTLY IN JAPAN TO, OR FOR THE BENEFIT OF, ANY RESIDENT OF JAPAN EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF, AND OTHERWISE IN COMPLIANCE WITH FIEL AND OTHER RELEVANT LAWS AND REGULATIONS OF JAPAN. AS USED IN THIS PARAGRAPH, “RESIDENT OF JAPAN” MEANS ANY PERSON RESIDENT IN JAPAN, INCLUDING ANY CORPORATION OR OTHER ENTITY ORGANISED UNDER THE LAWS OF JAPAN. South Korea The New Shares and Rights have not been and will not be registered under the Financial Investment Services and Capital Market Act of the Republic of Korea (“Korea”), and the New Shares and Rights are not to be offered, sold or delivered and will not be offered or sold, directly or indirectly, in Korea or to, or for the account or benefit of, any resident of Korea or to others for re-offering or resale, directly or indirectly, in Korea or to, or for the account or benefit of, any resident in Korea, except (i) pursuant
to an exemption from the registration requirements of, or otherwise in compliance with, the Financial Investment Services and Capital Market Act of Korea and (ii) in compliance with the other relevant laws and regulations of Korea. Dubai International Financial Centre investors This document relates to an Exempt Offer in accordance with the Offered Securities Rules of the Dubai Financial Services Authority. This document is intended for distribution only to persons of a type specified in those rules. It must not be delivered to, or relied on by, any other Person. The Dubai Financial Services Authority has no responsibility for reviewing or verifying any documents in connection with Exempt Offers. The Dubai Financial Services Authority has not approved this document nor taken steps to verify the information set out in it, and has no responsibility for it. The New Shares and Rights to which this document relates may be illiquid and/or subject to restrictions on their resale. Prospective purchasers of the New Shares and Rights offered should conduct their own due diligence on the New Shares and Rights. If you do not understand the contents of this document you should consult an authorized financial advisor. United Arab Emirates This document has not been reviewed, approved or authorised by the UAE Central Bank, the Emirates Securities and Commodities Authority, or any other relevant authority in the United Arab Emirates (“UAE”), and it does not constitute a public offer of securities in the UAE under the Federal Law No. 8 of 1984 concerning Commercial Companies (as amended) or otherwise. For the purposes of this Limited Public Offering V, neither PT Bank Danamon Indonesia Tbk nor any other person has received any authorisation from the UAE Central Bank, or any other authority in the UAE to market, offer or sell any securities within the UAE. This document is not intended to constitute an offer, sale or delivery of shares or other securities under the laws of the UAE. The New Shares and Rights have not been and will not be registered under the Federal Law No. 4 of 2000 Concerning the Emirates Securities and Commodities Authority and Market, with the Emirates Security and Commodity Exchange, or with the UAE Central Bank, the Dubai Financial Market, the Abu Dhabi Securities Market, or with any other UAE exchange. Nothing contained in this document is intended to constitute UAE investment, legal, tax, accounting or other professional advice. This document is for information purposes only and nothing in this document is intended to endorse or recommend a particular course of action. Prospective investors should consult with an appropriate professional for specific advice rendered on the basis of their situation. No marketing of any financial products or services is to be made from within the UAE and no subscription to any services, products or financial services is to be consummated within the UAE. Neither PT Bank Danamon Indonesia Tbk nor any standby purchasers is a licensed broker or dealer or investment adviser under the laws applicable in the UAE, or advises individuals resident in the UAE as to the appropriateness of investing in or purchasing or selling securities or transacting in other financial products. This document is strictly private and confidential and is being distributed to a limited number of investors and must not be provided to any person other than the original recipient, and may not be reproduced or used for any other purpose. The interests in the New Shares and Rights may not be offered or sold directly or indirectly in the UAE.
CONVENIENCE TRANSLATION Effective date of Registration Statement Date of Extraordinary General Meeting of Shareholders (“EGMS”) Date of Cum Rights — Regular Market and Negotiation Market
:
24 August 2011
:
24 August 2011
:
7 September 2011
— Cash Market Date of Ex — Rights
:
12 September 2011
— Regular Market and Negotiation Market — Cash Market Final Recording Date in Registry of Shareholders Entitled to Rights
:
8 September 2011
: :
13 September 2011 12 September 2011
Date of Rights, Prospectus and Form Distribution Date of Rights Listing on the IDX
:
13 September 2011
:
14 September 2011
Trading Period of Rights Period of Registration, Order, Implementation and Payment of Rights
: :
14-21 September 2011 14-21 September 2011
Date of Distribution Shares Electronic Rights Implementation Final Date of Payment of Additional Shares Subscription
:
16-23 September 2011
:
23 September 2011
Date of Allotment of Subscription of Additional Shares Date of Refund for Subscription of Additional Shares
:
26 September 2011
:
28 September 2011
BAPEPAM-LK HAS NEITHER APPROVED NOR DISAPPROVED OF THESE SECURITIES, NOR HAS IT VERIFIED ON THE ACCURACY OR SUFFICIENCY OF THE CONTENTS OF THIS PROSPECTUS. ANY STATEMENT TO THE CONTRARY IS A VIOLATION OF THE LAW. PT BANK DANAMON INDONESIA TBK (THE “COMPANY”) IS FULLY RESPONSIBLE FOR THE ACCURACY OF ALL INFORMATION, DATA OR REPORTS AND FOR THE FAIRNESS OF THE OPINIONS STATED IN THIS PROSPECTUS.
PT BANK DANAMON INDONESIA Tbk Line of Business: Engaged in Banking Services and Other Financial Services Domiciled in Jakarta HEAD OFFICE Menara Bank Danamon, 6th Floor Jl. Prof. Dr. Satrio Kav. E4, No. 6 Mega Kuningan, Jakarta 12950 Phone.: (021) 57991001-3 Fax: (021) 57991048 Internet website: www.danamon.co.id
BRANCH OFFICES As of 30 June 2011, the Company has 79 domestic branch offices, 390 domestic supporting branch offices, 920 Danamon Credits and Savings (Danamon Simpan Pinjam) branch offices (including 19 implant branches, with the support of 200 mobile units), 246 sales representative offices, 8 Syariah branch offices, 3 Syariah supporting offices, 10 Syariah Gold Solution offices and 1 overseas branch office
LIMITED PUBLIC OFFERING V TO SHAREHOLDERS IN RELATION TO THE ISSUANCE OF PRE-EMPTIVE RIGHTS (“RIGHTS”) By a total of 1,162,285,399 (one billion one hundred and sixty two million two hundred eighty five thousand three hundred and ninety nine) Series B shares with a par value of Rp500 (five hundred Rupiah) per share. Each holder of 1,000 (one thousand) shares of the Company whose name is registered at the Shareholders Register of PT Bank Danamon Indonesia Tbk on 12 September 2011 at 16.00 WIB shall be entitled to 138 (one hundred and thirty eight) Rights whereby every 1 Right is entitled to subscribe for 1 (one) new Series B shares at the offering price of Rp4,300 (four thousand three hundred Rupiah) per share. Total funds that will be accepted by the Company in this Limited Public Offering V are Rp4,997,827,215,700 (four trillion nine hundred ninety seven billion eight hundred twenty seven million two hundred fifteen thousand seven hundred Rupiah). All of the shares offered in the Limited Public Offering V are new Series B shares which shall be issued from the portfolio of the Company. Shares resulting from the exercise of the Rights shall be listed on the Indonesian Stock Exchange. The Rights shall be traded at the Stock Exchange and outside the Stock Exchange within a period of not less than 6 (six) Business Days, commencing from 14 September 2011 until 21 September 2011. The listing of Rights shall be conducted on the Indonesian Stock Exchange on 14 September 2011. Asia Financial (Indonesia) Pte. Ltd., in the Undertaking Agreement In The Context of Limited Public Offering V PT Bank Danamon Indonesia dated 22 July 2011, as amended and supplemented, has stated its commitment to exercise its full entitlement to Rights. If the new shares offered in this Limited Public Offering V are not fully subscribed for by the shareholders or holders of Rights, such remaining shares shall be allocated to any other Rights holder who has subscribed for more than their entitlements, as set forth in their Rights Certificate, in proportion to their exercised Rights, and if shares still remain, such remaining shares shall be purchased by Citigroup Global Markets Singapore Pte. Ltd. and Deutsche Bank AG, Hong Kong Branch, as Standby Purchasers, up to a maximum of 189,602,650 (one hundred eighty nine million six hundred two thousand and six hundred fifty) shares each at the offering price of Rp4,300 (four thousand three hundred Rupiah) per share. THE RIGHTS CERTIFICATES MAY BE TRADED ON OR OUTSIDE THE STOCK EXCHANGE IN A PERIOD OF NOT LESS THAN 6 MARKET DAYS COMMENCING FROM 14 SEPTEMBER 2011 UNTIL 21 SEPTEMBER 2011. THE LAST DAY TO EXERCISE THE RIGHTS SHALL BE 21 SEPTEMBER 2011. THE LIMITED PUBLIC OFFERING V WILL BE EFFECTIVE UPON ITS APPROVAL BY THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS (“EGMS”) OF THE COMPANY. IN THE EVENT THE EGMS DOES NOT APPROVE THIS LIMITED PUBLIC OFFERING V, THE ACTIVITIES CARRIED OUT BY THE COMPANY IN RELATION TO THIS LIMITED PUBLIC OFFERING V WILL BE DEEMED AS NEVER HAVING BEEN CONDUCTED. THE PRINCIPAL RISK FACED BY THE COMPANY IS THAT THE COMPANY’S GROWTH STRATEGY MAY NOT SUCCEED, WHICH MAY ADVERSELY AFFECT ITS PERFORMANCE. OTHER RISK FACTORS ARE FURTHER DISCUSSED IN CHAPTER V TITLED “RISK FACTORS” IN THIS PROSPECTUS. IMPORTANT NOTICE TO THE SHAREHOLDERS SHAREHOLDERS OF THE COMPANY WHO DO NOT EXERCISE THEIR RIGHTS TO SUBSCRIBE FOR NEW SERIES B SHARES OFFERED IN THIS LIMITED PUBLIC OFFERING V IN ACCORDANCE WITH THEIR RIGHTS SHALL UNDERGO A DILUTION OF THEIR PERCENTAGE OF SHARE OWNERSHIP IN THE COMPANY UP TO A MAXIMUM OF 12.13%. THE COMPANY IN THIS LIMITED PUBLIC OFFERING V SHALL NOT ISSUE ANY COLLECTIVE SHARE CERTIFICATE. SAID SHARES SHALL BE DISTRIBUTED ELECTRONICALLY AND ADMINISTERED IN THE COLLECTIVE DEPOSITORY OF PT KUSTODIAN SENTRAL EFEK INDONESIA (KSEI). This prospectus is issued in Jakarta on 24 August 2011
PT Bank Danamon Indonesia, Tbk (hereinafter in this Prospectus referred to as the “Company”) has submitted a Registration Statement in relation to Limited Public Offering V to The Shareholders for the issuance of the Pre-emptive Rights (hereinafter referred to as “LPO V”) by virtue of letter No. 244-DIR dated 25 July 2011 and submitted to the Capital Market and Financial Institution Supervisory Agency (BAPEPAM-LK) on 25 July 2011, in accordance with the conditions set forth in Law of the Republic of Indonesia No. 8 of 1995 dated 10 November 1995 regarding the Capital Market, State Gazette of the Republic of Indonesia No. 64 of 1995, Supplement No. 3608 along with its implementing regulations (“the Capital Market Law”). The Company, the Capital Market Supporting Institutions and Professionals in this Limited Public Offering V are fully responsible for the accuracy of all material information or facts, statements or reports as well as the truthfulness of opinions made herein in accordance with their respective duties pursuant to the laws and regulations prevailing in the territory of the Republic of Indonesia and the code of ethics and standards for their respective professions. Government Regulation No. 29 of 1999 (“GR No. 29”) regarding the Purchase of Shares of Commercial Banks as an Implementation of Law No. 10 of 1998 regarding Amendment to Law No. 7 of the Banking Law of 1992 (the “Banking Law”) stipulates that: (a)
The share ownership of a bank by a Foreign Citizen and/or Foreign Legal Entity, obtained through direct purchase or the Stock Exchange, comprises at most 99% of the shares of the relevant bank (Article 3 of GR No. 29);
(b)
The purchase by a Foreign Citizen and/or Foreign Legal Entity through the Stock Exchange may reach 100% from the amount of the bank shares that are listed on the Stock Exchange (Article 4 paragraph 1 of GR No. 29);
(c)
A bank can only list its shares on the Stock Exchange in an amount equal to at most 99% of the amount of shares of the relevant bank (Article 4 paragraph 2 of GR No. 29);
(d)
At least 1% (one per cent) of the bank shares as referred to in Article 4 paragraph 2 that are not listed on the Stock Exchange must be owned by an Indonesian Citizen or an Indonesian Legal Entity (Article 4 paragraph 3 of GR No. 29).
In accordance with the GR No. 29 above, the amount of 83,786,256 (eighty three million seven hundred and eighty six thousand two hundred fifty six) shares or 1% (one percent) of all shares of the Company that are not listed in the Indonesian Stock Exchange is in the name of PT Guna Dharma. With regard to this LPO V, each affiliated party shall not provide an explanation or issue a statement regarding confidential information in this Prospectus without the Company’s prior written consent. If the new Series B shares offered in this LPO V are not fully subscribed by the Rights holders, the remaining unsubscribed shares shall be allocated to other shareholders who subscribed for more than their entitled shares as provided in the Rights Certificate or Certificate of Ownership (SBK). These shares will be issued proportionately pursuant to the exercised Rights and if there are still any unsubscribed shares, such shares shall be allocated to Citigroup Global Markets Singapore Pte. Ltd. and Deutsche Bank AG, Hong Kong Branch as the Standby Purchasers in accordance with the provisions of the Standby Purchase Agreement, at an offering price of Rp4,300 (four thousand three hundred Rupiah) per share to be fully paid in cash. The final date of the Rights exercise shall be 21 September 2011. Any Rights exercised after this date shall be unenforceable. Shareholders who own certain amount of shares which give less than 1 Right, are guaranteed to be allocated 1 Right based on the statement from Asia Financial (Indonesia) Pte. Ltd. In the event in the future the Company will conduct a limited public offering for the purpose of Rights Issue, then the allocation of Rights to the rightful shareholders shall be calculated pursuant to the prevailing regulations. i
With respect to Rule IX.D.1, in the event shareholders own the Rights in fraction forms, the Company shall own and sell these fractions with any proceeds recorded in the Company’s account. The Capital Market Supporting Professionals and Institutions that are participating in this LPO V firmly state that they are not the affiliated parties of the Company, directly and/or indirectly, as defined in the Capital Market Law.
This Limited Public Offering V is not registered pursuant to other laws and regulations besides Indonesian law. If any party obtains this Prospectus or the Rights Certificate outside of Indonesia, these documents shall not constitute offering documents to purchase the Shares in this Limited Public Offering V or to subscribe for the Rights unless the offering and purchase of Shares offered in this Limited Public Offering V or the subscription and exercise of the Rights do not violate or are not deemed as a violation of any prevailing laws and regulations in these jurisdictions.
The Company has disclosed any and all information that must be disclosed to the public and there is no other information that has not been disclosed which would be misleading to the public.
ii
TABLE OF CONTENTS Page TABLE OF CONTENTS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
iii
DEFINITIONS AND ABBREVIATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
v
SUMMARY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
xi
I.
LIMITED PUBLIC OFFERING V . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
II.
USE OF PROCEEDS FROM LIMITED PUBLIC OFFERING V . . . . . . . . . . . . . . . . .
5
III.
STATEMENT OF LIABILITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
IV.
MANAGEMENT DISCUSSION AND ANALYSIS. . . . . . . . . . . . . . . . . . . . . . . . . . . .
14
1.
General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14
2.
Summary of Significant Accounting Policies . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
3.
Financial Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24
4.
Sound Banking Principles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
46
V.
RISK FACTORS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
59
VI.
SIGNIFICANT EVENTS SUBSEQUENT TO THE DATE OF INDEPENDENT AUDITOR’S REPORT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
73
INFORMATION ON THE COMPANY AND ITS SUBSIDIARIES . . . . . . . . . . . . . . . .
74
1.
Brief Background of the Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
74
2.
Development of the Company’s Share Ownership . . . . . . . . . . . . . . . . . . . . . .
77
3.
Brief Description of the Corporate Shareholders of the Company . . . . . . . . . . .
84
4.
Information on the Company’s Subsidiaries and Associated Companies . . . . . .
85
5.
The Company’s Organisation Structure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
93
6.
Human Resources . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
109
7.
Organisational Structure, Management and Supervision of the Company and Corporate Shareholders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
114
8.
Information on Fixed Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
115
9.
Related Party Transactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
115
10. Material Agreements with Third Parties. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
117
11.
Disputes Related to the Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
120
ACTIVITIES AND PROSPECTS OF THE COMPANY. . . . . . . . . . . . . . . . . . . . . . . .
123
1.
General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
123
2.
Distribution Network. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
123
3.
Business Strategy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
125
VII.
VIII.
iii
Page 4.
Competitive Advantages. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
127
5.
Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
129
6.
Loans Granted. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
140
7.
Funding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
142
8.
Sound Banking Principles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
143
9.
Business Prospects . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
147
10. Competition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
150
11.
Risk Management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
155
12. Corporate Governance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
156
13. Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
158
14. License, Franchise, Main Concession and Intellectual Property Rights . . . . . . .
158
15. Corporate Social Responsibility (“CSR”) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
158
IX.
SUMMARY OF SIGNIFICANT FINANCIAL DATA . . . . . . . . . . . . . . . . . . . . . . . . . .
160
X.
EQUITY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
165
XI.
DIVIDEND POLICY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
167
XII.
TAXATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
168
XIII.
CAPITAL MARKET SUPPORTING INSTITUTIONS AND PROFESSIONALS . . . . . .
170
XIV.
CONSOLIDATED FINANCIAL STATEMENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
173
XV.
PARTIES ACTING AS STANDBY PURCHASERS . . . . . . . . . . . . . . . . . . . . . . . . . .
404
XVI.
CONDITIONS OF SHARES SUBSCRIPTION. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
407
XVII.
INFORMATION ON THE RIGHTS ISSUE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
414
XVIII.
DISTRIBUTION OF PROSPECTUS, FORMS AND CERTIFICATE OF EVIDENCE OF RIGHTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
417
ADDITIONAL INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
418
XIX.
iv
DEFINITIONS AND ABBREVIATIONS “Adira Asuransi”
Shall mean PT Asuransi Adira Dinamika.
“Adira Finance”
Shall mean PT Adira Dinamika Multi Finance Tbk.
“Adira Quantum”
Shall mean PT Adira Quantum Multifinance.
“Adira”
Shall mean PT Adira Dinamika Multi Finance Tbk, PT Asuransi Adira Dinamika and PT Adira Quantum Multifinance.
“Affiliation”
Shall mean: (a)
family relations as a result of marriage and descendants until the second degree, both horizontally and vertically;
(b)
relations between one party and the employee, director or commissioner of the said party;
(c)
relations between 2 (two) companies with 1 (one) or more similar members from the Board of Directors or the Board of Commissioners;
(d)
relations between 1 (one) company and 1 (one) party that directly or indirectly controls or is controlled by the said company;
(e)
relations between 2 (two) companies that are directly or indirectly controlled by a similar party; or
(f)
relations between shareholder.
the
company
and
the
principal
“AFI”
Shall mean Asia Financial (Indonesia) Pte. Ltd.
“API”
Shall mean Arsitektur Perbankan Indonesia or Indonesian Banking Architecture.
“Articles of Association”
Shall mean the Articles of Association of the Company as amended from time to time.
“ATM”
Shall mean Automated Teller Machine.
“Bank Day”
Shall mean a bank business day on which the head office of Bank Indonesia in Jakarta conducts inter-bank clearing activities.
“Bank Restructuring Programme”
Shall mean a restructuring programme organized by the Government through IBRA in relation to the financial crisis in Asia for the purpose of restructuring and recapitalization of the national banking system.
“BAPEPAM-LK”
Shall mean the Capital Market and Financial Institution Supervisory Agency as stipulated in the Decree of Minister of Finance of the Republic of Indonesia No. 606/KMK.01/2005 dated 30 December 2005 concerning Organisation and Work Structure of the Capital Market and Financial Institution Supervisory Board, or the substitutes and assignees thereof.
v
“BASEL II”
Shall mean the Second BASEL Accords, i.e. recommendations of laws and regulations on banking issued by the BASEL Committee on Banking Supervision.
“BCM”
Shall mean Business Continuity Management.
“BI”
Shall mean Bank Indonesia.
“BTO”
Shall mean Bank Take-Over.
“Business Day”
Shall mean days beginning on Monday until Friday, save for national holidays determined by the Government of the Republic of Indonesia or other days, which for certain reasons, are determined by the Government of the Republic of Indonesia as not an ordinary Business Day.
“Calendar Day”
Shall mean any day in 1 (one) year in accordance with the Gregorian calendar with no exceptions, including Saturdays, Sundays and national holidays which may be determined from time to time by the Government of the Republic of Indonesia and ordinary Business Days which are in certain conditions are stipulated by the Government of the Republic of Indonesia as being a non-ordinary Business day.
“Capital Market Law”
Shall mean the Law of the Republic of Indonesia No. 8 of 1995, dated 10 November 1995 concerning Capital Markets, the State Gazette of the Republic of Indonesia No. 64 Year 1995, Supplement No. 3608, and its implementing regulations.
“CAR”
Shall mean Capital Adequacy Ratio.
“CAS”
Shall mean Customer Acquisition System.
“Citi”
Shall mean Citigroup Global Markets Singapore Pte. Ltd.
“CMS”
Shall mean Collective Management System.
“Company”
Shall mean PT Bank Danamon Indonesia Tbk, a public company which has listed its shares in the IDX, domiciled in South Jakarta, that will conduct the LPO V.
“Deutsche Bank”
Shall mean Deutsche Bank AG, Hong Kong Branch.
“DSP”
Shall mean Danamon Simpan Pinjam (Danamon Credit and Savings).
“Effective Date”
Shall mean the date whereby the Company’s submitted Registration Statement becomes effective pursuant to the prevailing laws and regulations of Indonesia, after the EGMS approves the LPO V.
“EGMS”
Shall mean Extraordinary General Meeting of Shareholders of the Company to be held in accordance with the provisions of the Articles of Association of the Company and the prevailing rules of BAPEPAM-LK on 24 August 2011 to approve the LPO V.
“EMV”
Shall mean Europay, MasterCard and Visa.
vi
“ESOP”
Shall mean Employee Stock Option Programme.
“FPPS”
Shall mean Share Subscription Form.
“FTP”
Shall mean Fund Transfer Pricing.
“GMS”
Shall mean the General Meeting of Shareholders of the Company.
“Government”
Shall mean Government of the Republic of Indonesia.
“Holder of Rights”
Shall mean the Company’s shareholders or Rights Holders.
“IBRA”
Shall mean the Indonesian Banking Restructuring Agency.
“IDX”
Shall mean the Indonesian Stock Exchange.
“IMF”
Shall mean the International Monetary Fund.
“IVR”
Shall mean Interactive Voice Response.
“KSEI”
Shall mean PT Kustodian Sentral Efek Indonesia.
“LDR”
Shall mean Loan to Deposit Ratio, namely ratio of total loans extended to third party funds and capital based on the formula stipulated by Bank Indonesia.
“Limited Public Offering IV”
Shall mean the 2009 Bank Danamon Limited Public Offering IV.
“Limited Public Offering V” or “LPO V”
Shall mean the offering of a total of 1,162,285,399 (one billion one hundred and sixty two million two hundred eighty five thousand three hundred and ninety nine) Series B shares with a par value of Rp500 (five hundred Rupiah) per share. Each holder of 1,000 (one thousand) shares of the Company whose name is registered in the Shareholder Registry of PT Bank Danamon Indonesia Tbk on 12 September 2011, at 16.00 WIB, are entitled to 138 (one hundred and thirty eight) Rights in which 1 (one) Right will be entitled to purchase 1 (one) new Series B share at the offering price of Rp4,300 (four thousand three hundred Rupiah) per share which shall be fully paid upon the submission of FPPS.
“Listing Date in IDX”
Shall mean the listing date for Rights in the LPO V, in this case 14 September 2011.
“LPS”
Shall mean Indonesia Deposit Insurance Corporation.
“Market Day”
Shall mean the days where the Stock Exchange conducts the security trading transaction activities.
“MSOP”
Shall mean Management Stock Option Programme.
“NCBS”
Shall mean New Core Banking System.
“NIM”
Shall mean Net Interest Margin, namely net interest income divided by average earning assets in the collectibility of a Pass and Special Mention loan.
“NOP”
Shall mean Net Open Position.
vii
“NPL”
Shall mean Non-Performing Loan, namely non-performing, doubtful and bad debts pursuant to the provisions on the classification of collectibility of Bank Indonesia.
“ORMS”
Shall mean Operational Risk Management System.
“PAPI”
Shall mean Indonesian Banking Accounting Guidelines.
“Principal Shareholder”
Shall mean Asia Financial (Indonesia) Pte Ltd.
“Prospectus”
Shall mean the offering document as defined in Article 1 number 26 of the Capital Market Law.
“Public Offering of Bonds I”
Shall mean the 2007 Bank Danamon Public Offering of Bonds I With Fixed Interest Rate.
“Public Offering of Bonds II”
Shall mean the 2010 Bank Danamon Public Offering of Bonds II With Fixed Interest Rate.
“Public”
Shall mean individuals and legal entities, Indonesian citizens or foreign citizens and Indonesian legal entities or foreign legal entities resided or legally domiciled in Indonesia or resided or legally domiciled outside the jurisdiction of the Republic of Indonesia.
“RCSA”
Shall mean Risk Control Self Assessment.
“Register of Shareholders”
Shall mean Shareholder Registry issued by RSR of the securities administration bureau of the Company as set forth in Article 50 of Law No. 40 of 2007, which refers to a Limited Liability Company that sets out information on share ownership by Shareholders, both in the script and scriptless forms. Shares in the script form shall be shares in the form of an instrument and are under the possession of each shareholder, whereas shares in the scriptless form shall be shares in an electronic form administered in the collective custody of KSEI.
“Registration Statement”
Shall mean a registration statement submitted by the Company to the Chairman of BAPEPAM-LK in relation to the LPO V in accordance with Rule No. IX.D.2.
“Rights Certificate”
Shall mean the certificate of ownership for a number of Rights Shares that entitles its shareholder to subscribe for Rights Shares at the Shares Offering Price.
“Rights Shares”
Shall mean new Series B Shares which shall be issued in the LPO V.
“Rights”
Shall mean the right attached to the Certificate of Evidence of Rights, which entitles the Shareholder to purchase new series B Shares which will be issued in this LPO V that may be transferred or traded in accordance with Rule No. IX.D.1.
“ROA”
Shall mean Return On Average Asset.
“ROE”
Shall mean Return On Average Equity.
“RRS”
Shall mean Risk Rating System.
viii
“RSR”
Shall mean PT Raya Saham Registra, a securities administration bureau managing the administration of the Company’s shares, either in script or scriptless form.
“Rule No. IX.D.1”
Shall mean Rule No. IX.D.1, attachment to Decree of the Chairman of BAPEPAM No. Kep-26/PM/2003 dated 17 July 2003 concerning Rights Issues.
“Rule No. IX.D.2”
Shall mean Rule No. IX D.2, attachment to Decree of the Chairman of BAPEPAM No. Kep-08/PM/2000 dated 13 March 2000 regarding Guidelines on the Form and Substance of the Registration Statement in Relation to the Issuance of a Rights Issue.
“Rule No. IX.E.1”
Shall mean Rule No. IX.E.1, attachment to Decree of the Chairman of BAPEPAM-LK No. Kep-412/BL/2009 dated 25 November 2009 regarding Affiliated Transactions and Conflict of Interest in Specific Transactions.
“Rule No. IX.E.2”
Shall mean Rule No. IX.E.2, attachment to Decree of the Chairman of BAPEPAM-LK No. 413/BL/2009 dated 25 November 2009 regarding Material Transactions and Changes in Primary Business Activities.
“Rule No. X.K.4”
Shall mean Rule No. X.K.4, attachment to Decree of Chairman of BAPEPAM-LK No. Kep-27/PM/2003 dated 17 July 2003 concerning the Report on Realization of Use of Proceeds of the Public Offering.
“Rupiah” or “Rp”
Shall mean the lawful currency of the Republic of Indonesia.
“SBI”
Shall mean Bank Indonesia Certificates.
“SEMM”
Shall mean Self-Employed Mass Market.
“SFAS”
Shall mean the Statement of Financial Accounting Standards applicable in Indonesia.
“Shares Offering Price”
Shall mean Rp4,300 (four thousand three hundred Rupiah) per Series B share.
“SKAI”
Shall mean Internal Audit Unit.
“SME”
Shall mean Small and Medium Enterprises.
“Standby Purchase Agreement”
Shall mean Standby Purchase Agreement dated 25 July 2011 entered into by and between the Company, Citi, and Deutsche Bank with all the amendments and/or the additions made by the relevant parties in the future.
“Standby Purchasers”
Shall mean each person that shall subscribe for the remaining series B shares which are offered in the LPO V that have not been subscribed for by the Company’s shareholders or the Rights Holders at the Shares Offering Price of Rp4,300 (four thousand three hundred Rupiah) per share, in this case namely Citi and Deutsche Bank.
ix
“Subsidiary”
Shall mean companies incorporated as limited liability companies under the Law of the Republic of Indonesia whose shares are directly held by the Company and in which the Company holds more than 50% of the total issued shares and whose financial statements are consolidated into the Company’s financial statements, including Adira Finance, Adira Quantum and Adira Asuransi.
“Undertaking Agreement”
Shall mean the Undertaking Agreement In The Context Of Limited Public Offering V dated 22 July 2011 with all the amendments and/or the additions, whereby AFI commits to subscribe for new Series B shares of the Company issued in this LPO V.
“US Dollar” or “US$”
Shall mean the lawful currency of the United States of America.
“WIB”
Shall mean West Indonesian Time (GMT + 7:00).
x
SUMMARY The summary below shall constitute an inseparable part of the Prospectus and shall be read in conjunction with the more detailed information, financial statements and notes set forth in this Prospectus. This summary is based on facts and the considerations of significant importance for the Company. All financial information of the Company is presented in Rupiah and in compliance with Indonesia Financial Accounting Standards. COMPANY The Company is domiciled in Jakarta, and was established under the name of PT Bank Kopra Indonesia, pursuant to Deed No. 134 dated 16 July 1956, drawn before Meester Raden Soedja,SH. then serving as a notary in Jakarta. The Minister of Justice of the Republic of Indonesia approved the deed under Decree No. J.A.5/40/8 dated 24 April 1957, registered at the Jakarta District Court under No. 845 dated 7 May 1957 and announced in the State Gazette of Republic of Indonesia No. 46 dated 7 June 1957, Supplement No. 664. The Company obtained a business licence as a commercial bank, foreign exchange bank and bank conducting activities based on syariah principles respectively by virtue of Decree by the Minister of Finance of the Republic of Indonesia No. 161259/U.M.II dated 30 September 1958, decree of the Board of Directors of Bank Indonesia No. 21/10/Dir/UPPS dated 5 November 1988 and Letter of the Directorate of Banking License and Information No. 3/744/DPIP/Prz dated 31 December 2001. Since the issuance of the prospectus of the Limited Public Offering IV, the Articles of Association of the Company have been amended several times with the last amendment by the Deed No. 3 dated 12 August 2011, drawn up before Pahala Sutrisno Amijoyo Tampubolon, SH., Notary in Jakarta, based on the Statement letter from the Notary Pahala Sutrisno Amijoyo Tampubolon No. 06./PSAT dated 12 August 2011, Deed No. 3/2011 still on the process of delivering the notification of amendment in the AoA to MOLHR. The Deed stipulates the change of the increase of issued and paid-up capital in order to excercise the E/MSOP Programme. The table below presents the Subsidiaries of the Company: Percentage of Ownership
Year of Participation
Financing (Lease, Factoring, Consumer Finance)
95.00%
2004
PT Adira Quantum Multi Finance
Financing (Lease, Factoring, Consumer Finance)
99.00%
2004
PT Asuransi Adira Dinamika
Loss Insurance
90.00%
2004
Subsidiaries
Line of Business
PT Adira Dinamika Multi Finance Tbk
In addition to the above mentioned Subsidiaries, the Company holds shares in 12 (twelve) associated companies as set out in Chapter VII of this Prospectus. The Company is one of the leading providers of banking and financial services to low- and middle-income individuals in the mass market segment in Indonesia, offering individuals and businesses throughout the country a full suite of banking and non-banking products and services to address their financial needs. As of 31 March 2011, the Company’s consolidated total assets reached Rp122,804 billion, total gross loans and gross consumer financing receivables reached Rp85,944 billion and total deposits from customers reached Rp80,685 billion. According to the Publication Report of BI, the Company was the sixth largest commercial bank and the third largest private national bank in Indonesia as measured by assets, loans and deposits. Through its subsidiary Adira Finance, the xi
Company is one of the largest automotive financing companies by managed receivables with market shares of 13.9% and 5.3% for new motorcycle and car sales, respectively, in 2010. It is also the second largest microfinance provider in Indonesia as measured by loans extended. The Company has a broad and strategic multi-channel distribution network located throughout Indonesia. As of 30 June 2011, the Company had 79 domestic branch offices, 390 domestic supporting branch offices, 920 Danamon Credits and Savings (Danamon Simpan Pinjam) branch offices (including 19 implant branches, with the support of 200 mobile units), 246 sales representative offices, 8 Syariah branch offices, 3 Syariah supporting offices, 10 Syariah Gold Solution offices spread throughout Indonesia, and 1 overseas branch office, as well as 1,084 Company-owned ATMs and more than 25,000 shared network ATMs with other banks. The Company is, and immediately following the completion of the LPO V will continue to be, majority owned and controlled by Asia Financial (Indonesia) Pte. Ltd. Since the completion of Limited Public Offering IV in 2009, the Company has successfully executed its strategic initiatives, which have resulted in significant improvements in the operations, financial performance and expansion of its funding base, which is in turn favourable for the position of the Company: 1.
Consolidated net income increased from Rp1,614 billion in 2009 to Rp2,984 billion in 2010, with ROE increasing from 11.23% in 2009 to 18.52% in 2010
2.
Total gross loans and gross consumer financing receivables grew 31% from Rp63,278 billion as of 31 December 2009 to Rp82,638 billion as of 31 December 2010
3.
Total deposits from customers grew 18% from Rp67,216 billion as of 31 December 2009 to Rp79,643 billion as of 31 December 2010 with low cost deposits (such as current and savings accounts) growing 42% in the same period. This has resulted in an increase in the proportion of low cost deposits to total deposts from 33% to 40% and a decrease in cost of funds from 7.18% in 2009 to 5.16% in 2010
4.
The gross consolidated NPL ratio declined from 4.47% as of 31 December 2009 to 3.02% as of 31 December 2010. The decline in gross NPL was accompanied by a decrease in the Company’s ratio of the fullfillment of allowance for impairment to earning assets from 136.29% as of 31 December 2009 to 118.73% as of 31 December 2010
The Company conducts its business activities primarily through the following business lines: Mass Market The mass market segment includes Self Employed Mass Market (“SEMM”), also known as Danamon Simpan Pinjam, or “DSP, Adira Finance, Adira Quantum and Syariah Gold Solution, providing banking products and services to the low- to middle-income customer base. As of 31 March 2011, the Mass Market segment contributed Rp49,905 billion in loans or 58% of our total gross loans. Retail The retail business serves the middle class and affluent segments by meeting their savings, transaction, wealth management and loan needs. The Company offers a broad selection of deposit, personal loans, credit card, bancassurance and investment products. Retail also includes the Company’s Syariah banking unit that provides Islamic banking products to individuals and small businesses. As of 31 March 2011, the retail segment contributed Rp4,440 billion in loans or 5% of our total gross loans.
xii
SME, Commercial Banking and Asset Based Finance Small & Medium Enterprise (“SME”) banking unit of the Company serves businesses with an annual sales turnover of Rp2 billion to Rp40 billion and loan sizes ranging from Rp500 million to Rp10 billion. The Company’s commercial customers consist of businesses with annual sales turnover of Rp40 billion to Rp500 billion and loans sizes of Rp10 billion to Rp100 billion. This segment also includes Asset Based Finance, offering financing for heavy equipment. As of 31 March 2011, the SME and Commercial segment contributed Rp21,088 billion in loans or 25% of our total gross loans. Wholesale The wholesale banking segment comprises of corporate banking, trade finance and treasury, capital markets and financial institutions. As of 31 March 2011, the wholesale segment contributed Rp10,569 billion in loans or 12% of the Company’s total gross loans. In addition, the Company offers a wide range of general insurance products through its Subsidiary, namely Adira Asuransi, falling generally into two categories: motor vehicles and non-motor vehicles insurance. Adira Asuransi was established in 2002 and has been operating through 41 outlets across Indonesia and currently ranks as the best general insurance provider in the category of gross written premium above Rp200 billion as of 2010 (based on the July 2011 edition of Infobank magazine). CAPITAL STRUCTURE OF THE COMPANY The capital structure and shareholding composition of the Company according to the Register of Shareholders as of 31 March 2011 issued by PT Raya Saham Registra as the Securities Administrative Bureau of the Company, is as follows: Remarks
Number of Shares Series A Shares
Authorized Capital
Series B Shares
Number of Par Value (Rp) Series A Shares
Series B Shares
@ Rp50,000,-
@ Rp500,-
22,400,000
17,760,000,000
1,120,000,000,000 8,880,000,000,000
Asia Financial (Indonesia) Pte. Ltd.
—
5,674,493,482
— 2,837,246,741,000
JPMCB-FRANKLIN Templeton Investment Funds
—
473,958,470
22,400,000
%
Issued and Paid-Up Capital
Public* Total Issued and Paid-Up Capital Shares in Portfolio
236,979,235,000
5.63
2,246,991,514
1,120,000,000,000 1,123,495,757,000
26.96
22,400,000
8,395,443,466
1,120,000,000,000 4,197,721,733,000
100.00
—
9,364,556,534
— 4,682,278,267,000
—
* ownership of less than 5%
xiii
—
67.41
The capital structure and shareholding composition of the Company according to the Register of Shareholders as of 1 July 2011 issued by PT Raya Saham Registra as the Securities Administrative Bureau of the Company, is as follows: Remarks
Authorized Capital
Number of Shares
Number of Par Value (Rp) Series A Shares @ Rp50,000,-
%
Series B Shares @ Rp500,-
Series A Shares
Series B Shares
22,400,000
17,760,000,000
1,120,000,000,000 8,880,000,000,000
—
5,674,493,482
— 2,837,246,741,000
Issued and Paid-Up Capital Asia Financial (Indonesia) Pte. Ltd. JPMCB-FRANKLIN Templeton Investment Funds Public* Total Issued and Paid-Up Capital
—
484,402,970
242.201.485.000
5.75
22,400,000
2,241,061,514
1,120,000,000,000 1,120,530,757,000
26.88
22,400,000
8,399,957,966
1,120,000,000,000 4,199,978,983,000
100.00
—
9,360,042,034
— 4,680,021,017,000
—
Shares in Portfolio
—
67.37
* ownership of less than 5%
LIMITED PUBLIC OFFERING V Number of Rights offered
:
Series B Shares in the amount up to 1,162,285,399 (one billion one hundred and sixty two million two hundred eighty five thousand three hundred and ninety nine) shares
Par Value
:
Rp500 (five hundred Rupiah)
Shares Offering Price
:
Rp4,300 (four thousand and three hundred Rupiah)
Rights Ratio
:
Each holder of 1,000 (one thousand) shares of the Company shall be entitled to 138 (one-hundred and thirty eight) Rights in which 1 (one) Right will be entitled to subscribe for 1 (one) new Series B share
Date of the Company’s Registry of Shareholders entitled to Rights
:
12 September 2011
Listing Date of Rights
:
14 September 2011
Trading Period of Rights
:
14-21 September 2011
Exercise Period of Rights
:
14-21 September 2011
Standby Purchasers
:
Citigroup Global Markets Singapore Pte. Ltd. and Deutsche Bank AG, Hong Kong Branch
Maximum dilution
:
12.13%
Rights in the form of fractions
:
In the event that a shareholder owns its Rights in the form of fractions, the Company is entitled to own or sell such fractions with proceeds of sale to be recorded in the Company’s account.
xiv
Right to Shares issued
:
Shares issued in relation to this LPO V have equal and equivalent rights in all respects with other issued and fully paid up shares of the Company.
The Board of Directors on behalf of the Company hereby conducts a LPO V to the shareholders of the Company in relation to the issuance of Rights to subscribe for new Series B shares at a total of 1,162,285,399 (one billion one hundred and sixty two million two hundred eighty five thousand three hundred and ninety nine) Series B shares with par value of Rp500 (five hundred Rupiah) for each share, at the offering price of Rp4,300 (four thousand and three hundred Rupiah) per share. Each holder of 1,000 (one thousand) shares whose name is registered in the Company Shareholders Registry on 12 September 2011 at 16.00 WIB is entitled to a total of 138 (one hundred and thirty eight) Rights in which 1 (one) Right will be entitled to purchase 1 (one) new Series B shares at the offering price of Rp4,300 (four thousand and three hundred Rupiah) per share to be fully paid at the shares subscription. The Rights will be traded in the Stock Exchange or outside the IDX in accordance with Regulation No. IX.D.1 for not less than 6 (six) Market Days starting from 14 September 2011 until 21 September 2011. The listing of the Rights Shares in the IDX will be conducted on 14 September 2011. If until the end of such trading period the Rights owned by the Shareholders are not exercised, then such Rights shall no longer be valid. Asia Financial (Indonesia) Pte. Ltd., as a Principal Shareholder of the company, has committed to exercise its full entitlement to Rights as set out in the Undertaking Agreement dated 22 July 2011, as amended and supplemented. If the New Shares offered in this LPO V are not fully subscribed for by the holders of Rights, such remaining Rights shall be allocated to the other Rights holders who have subscribed for more than their entitlements, as set forth in their Rights Certificate, in compliance with applicable regulations. If after such allocation there still are remaining shares, each of Citigroup Global Markets Singapore Pte. Ltd. and Deutsche Bank AG, Hong Kong Branch as the Standby Purchasers shall purchase the remaining shares unsubscribed for by shareholders at the offering price of Rp4,300 (four thousand and three hundred Rupiah) per share, up to a maximum of 189,602,650 (one hundred eighty nine million six hundred two thousand and six hundred fifty) shares. If the Rights offered in this LPO V are all exercised to become shares in the Company, then the Company’s capital structure before and after the implementation of LPO V would be as follows: Before LPO V Capital
Number of Shares Series A Shares
Authorised Capital
Series B Shares
After LPO V
Par Value Series A Shares (@ Rp50,000)
%
Series B Shares (@ Rp500)
22,400,000 17,760,000,000 1,120,000,000,000 8,880,000,000,000
Asia Financial (Indonesia) Pte, Ltd,
—
5,674,493,482
JPMCBFRANKLIN Templeton Investment Funds
—
484,402,970
—
Number of Shares Series A Shares
Series B Shares
Par Value Series A Shares (@ Rp50,000)
%
Series B Shares (@ Rp500)
22,400,000 17,760,000,000 1,120,000,000,000 8,880,000,000,000
2,837,246,741,000
67.37
—
6,457,573,582
242,201,485,000
5.75
—
551,250,580
— 3,228,786,791,000 67.37
—
275,625,290,000
5.75
Public*
22,400,000
2,241,061,514 1,120,000,000,000 1,120,530,757,000
26.88 22,400,000
2,553,419,203 1,120,000,000,000 1,276,709,601,500 26.88
Issued and Paid Up Capital
22,400,000
8,399,957,966 1,120,000,000,000 4,199,978,983,000 100.00 22,400,000
9,562,243,365 1,120,000,000,000 4,781,121,682,500 100.0
9,360,042,034
8,197,756,635
Shares in Portfolio
—
— 4,680,021,017,000
—
*Ownership below 5%
xv
— 4,098,878,317,500
If all the Rights offered in this LPO V are not exercised by all the holders, except by AFI in accordance to the Undertaking Agreement, then the Company’s capital structure before and after the implementation of LPO V would be as follows: Before LPO V Capital
Number of Shares Series A Shares
Authorised Capital
After LPO V
Par Value
Series B Shares
Series A Shares (@ Rp50,000)
%
Series B Shares (@ Rp500)
22,400,000 17,760,000,000 1,120,000,000,000 8,880,000,000,000
Asia Financial (Indonesia) Pte, Ltd,
—
5,674,493,482
JPMCBFRANKLIN Templeton Investment Funds
—
484,402,970
—
Citigroup Global Markets Singapore Pte, Ltd,
—
—
Deutsche Bank AG, Hong Kong Branch
—
—
Number of Shares Series A Shares
— 2,837,246,741,000
Series B Shares
Par Value Series A Shares (@ Rp50,000)
%
Series B Shares (@ Rp500)
22,400,000 17,760,000,000 1,120,000,000,000 8,880,000,000,000
67.37
—
6,457,573,582
— 3,228,786,791,000 67.37
242,201,485,000
5.75
—
484,402,970
—
242,201,485,000
5.05
—
—
—
—
189,602,650
0
94,801,325,000
1.98
—
—
—
—
189,602,649
0
94,801,324,500
1.98
Public*
22,400,000
2,241,061,514 1,120,000,000,000 1,120,530,757,000
26.88 22,400,000
2,241,061,514 1,120,000,000,000 1,120,530,757,000 23.62
Issued and Paid Up Capital
22,400,000
8,399,957,966 1,120,000,000,000 4,199,978,983,000 100.00 22,400,000
9,562,243,365 1,120,000,000,000 4,781,121,682,500 100.00
9,360,042,034
8,197,756,635
Shares in Portfolio
4,680,021,017,000
—
4,098,878,317,500
*Ownership below 5%
If the holders of Rights do not exercise their Rights to subscribe for new Series B shares in this LPO V, they may sell these Rights to other parties from 14 September 2011 until 21 September 2011 through IDX and outside the stock exchange market, in accordance with rule No. IX.D.1. If the shareholders of the Company do not exercise their Rights to subscribe for new Series B shares offered in this LPO V proportionately pursuant to their entitled shares, the percentage of their shareholding in the Company may be diluted by a maximum of 12.13%. If the holders of Rights do not fully subscribe to the new Series B shares offered in this LPO V, the remaining shares shall be allocated to other Rights holders, who have subscribed for more than they are entitled to as stipulated in the Certificate of Evidence of Rights, proportionately pursuant to their exercised Rights. The final date of exercise of Rights shall be 21 September 2011 whereby any Right that has not been exercised until such date shall be deemed invalid. In the event that a shareholder owns its Rights in the form of fractions, then the Company with the right over such fractions shall own and sell these shares and the proceeds of sale shall be recorded in the Company’s account. Shareholders who own certain amount of shares which provide less than 1 Rights, are guaranteed to obtain 1 Right based on the statement from Asia Financial (Indonesia) Pte. Ltd. If in the future the Company conducts a limited public offering for the purpose of Rights Issue, then the allocation of Rights to the rightful shareholders shall be calculated pursuant to the prevailing regulations. In relation to Regulation IX.D.1, if a shareholder owns Rights in fractions, then such fractional Rights shall be owned by the Company and will be sold by the Company and the proceeds of the sale will be put in the Company’s account. USE OF PROCEEDS FROM LPO V Proceeds from LPO V, after deducting the issuance expenses, will be used to extend credit in the microfinance, SME and automotive finance segments. xvi
In addition, LPO V will also strengthen the Company’s capital position in light of uncertain global market conditions and in preparation for the implementation of BASEL II in 2012 and BASEL III, which is likely to be implemented in 2015-2019. After LPO V, the pro-forma consolidated and standalone Capital Adequacy Ratios of the Company as of 31 March 2011 will increase from 14.75% to 19.16% and from 12.05% to 16.98%, respectively. DIVIDEND POLICY The Company plans to pay a minimum cash dividend amount of 5% of the Company’s net profit each year for the next three years, as the distribution of dividend is based on net profit for the year 2011. Such distribution would be subject to approval from the General Meeting of Shareholders (GMS) and considering the Company’s financial condition, profit level and future needs. There are no limitations which may limit the right of public shareholders to receive dividends. RISK FACTORS The main risks which are faced by the Company are risks related to an unsuccessful growth strategy. The Company faces the following additional risks: 1.
Risks in relation to the Company 1.
The Company’s growth strategy may not succeed.
2.
Expansion and diversification of the Company’s scope of products and services.
3.
The Company’s past performance may not be an accurate indicator of the Company’s future performance.
4.
The market value of Government bonds and marketable securities in the Company’s portfolio may be lower than the book value of these assets.
5.
The Company may need additional allowance for impairment losses of loans extended by the Company to cover actual losses in the future.
6.
The banking industry is very competitive, and the Company’s growth strategy depends on its ability to compete effectively.
7.
Changes in Government regulations, including those related to shareholding limits in national banks by foreign citizen or legal entities and provisions on shareholding in national banks could affect the Company’s business.
8.
The Company’s standalone capital adequacy ratio is affected by changes in the capital account of the Company’s Subsidiaries.
9.
If the Company is unable to maintain the quality of loan portfolio effectively, its financial condition and results of operations may be adversely affected.
10. The concentration of loans to certain sectors or geographic regions, as well as significant exposure to certain customer groups, could increase the Company’s aggregate risk. 11.
The Company’s security or collateral may not be sufficient, and the Company may not able to enforce the full value of such security.
12. Reliance on short-term deposits from customers may increase the Company’s exposure to liquidity risks. 13. The Company may experience significant fraud. 14. The Company is subject to credit risk in relation to certain commitments and guarantees. xvii
15. The Company faces foreign exchange risk. 16. The Company’s business greatly depends on the consistent operation and improvement of its information technology system. 17. Decreased liquidity in the global credit market, if continued, may adversely impact the Company’s liquidity and business. 18. The laws governing the Company are evolving, and failure to comply with such laws could harm the Company’s business and reputation. 19. The Company may be unable to detect money laundering and other illegal activities in a comprehensive or timely manner, which may expose the Company to additional liabilities and harm the Company’s business or reputation. 20. The Company is subject to risk in the consolidation of its Subsidiaries. 2.
3.
Risks in relation to the Indonesian banking sector 1.
Failure to comply with Bank Indonesia’s rules and regulations could have a material adverse effect on the Company’s financial condition and results of operations.
2.
Discontinuance of the Government Guarantee Programme in Indonesia may lead to instability in the banking sector.
3.
The credit risk of Indonesian borrowers may be higher than that of borrowers in more developed countries.
4.
The banking sector in Indonesia remains vulnerable to volatility in interest rates.
5.
Independent information related to the borrowers’ credit history in Indonesia is limited.
6.
Enforcement difficulties may prevent lenders from recovering the assessed value of collateral when the Company’s borrowers default on their obligations in Indonesia.
7.
Continuously developing policies, provisions and regulations in Indonesia may affect the Company.
Risks in relation to Indonesia 1.
A downturn in Indonesian economic conditions could affect the Company’s financial performance.
2.
Disruptions in the financial sector may adversely affect the Company’s business.
3.
Instability in the financial conditions of other countries, particularly emerging market countries, could have an adverse effect on the Company’s business and financial performance.
4.
Future changes in the value of the Rupiah against the US Dollar and other currencies could adversely affect the Company’s business.
5.
A continued increase in oil prices could adversely affect the Indonesian economy.
6.
Determination of credit ratings of Indonesia and Indonesian companies could materially and adversely affect the Company.
xviii
SUMMARY OF SIGNIFICANT FINANCIAL DATA The information table contained in the following discussion, especially regarding the financial performance of the Company and Subsidiaries, for the three months ended 31 March 2011 and the years ended 31 December 2010, 2009, 2008, 2007 and 2006 as extracted from the consolidated financial statements of the Company and its Subsidiaries (“Consolidated Financial Statements”). The Consolidated Financial Statements as of 31 March 2011, 31 December 2010, 2009, 2008 and 2007 were audited by the Registered Public Accountants of Siddharta & Widjaja (a member firm of KPMG International), formerly named Siddharta Siddharta & Widjaja, with unqualified opinions in each report. The independent auditor’s report for the Consolidated Financial Statements as of 31 March 2011 includes an explanatory paragraph which states that the Company and Subsidiaries adopted certain SFAS that became effective as of 1 January 2011, which were applied prospectively as well as retrospectively. The independent auditor report for the Consolidated Financial Statements as of 31 December 2010 includes an explanatory paragraph which states that effective 1 January 2010 the Company and Subsidiaries prospectively adopted SFAS No. 50 (2006 Revision), “Financial Instruments: Presentation and Disclosures” and SFAS No. 55 (2006 Revision), “Financial Instruments: Recognition and Measurement”. The independent auditor report for the Consolidated Financial Statements as of 31 December 2008 include an explanatory paragraph regarding reissuance of the Consolidated Financial Statements as of and for the year ended 31 December 2008, in order to conform with the presentations as required by the capital market regulations, in relation with the Company’s plan for a Limited Public Offering IV to Shareholders in Relation to the Issuance of Rights Issue. The Consolidated Financial Statements as of 31 December 2006 was audited by the Certified Public Accountants of Haryanto Sahari & Rekan (a member firm of Pricewaterhouse Coopers), with unqualified opinion and include an explanatory paragraph regarding reissuance of the Consolidated Financial Statements of the Company and Subsidiaries as of and for the year ended 31 December 2006, in order to conform with the presentations as required by the capital market regulations, in relation with the Company’s plan for a Public Offering Bank Danamon Bonds I Year 2007 with Fixed Interest Rate. (in million Rupiah except ROA and ROE) Remarks
31 March 2011
31 December 2010*
2009*
2008*
2007*
2006*
Total Assets
122,804,135
118,206,573
98,597,953
107,268,363
89,409,827
82,072,687
Total Liabilities
104,483,820
99,597,545
82,695,967
96,159,098
78,239,344
72,385,809
18,320,315
18,609,028
15,901,986
11,109,265
11,170,483
9,686,878
3,967,638
14,417,745
15,682,777
14,189,334
12,047,645
10,895,958
(1,359,063)
(4,509,295)
(6,220,816)
(5,834,855)
(4,912,113)
(5,251,036)
3,583,835
2,882,959
2,560,220
2,381,839
1,467,621
(9,235,221)
(9,791,651)
(8,412,171)
(6,019,952)
(4,701,431)
2,983,761
1,613,722
1,802,004
2,269,976
1,450,913
Total Equity Interest Income Interest Expense Other Operating Income
889,768
Other Operating Expense (2,382,274) Net income
788,827
Return on average assets (ROA) (%)
3.57**
3.87
1.50
1.52
2.43
1.78
Return on average equity (ROE) (%)
17.59**
18.51
11.24
14.64
22.91
15.63
* After reclassification to adjust its presentation to other period/year ** The ROA and ROE ratios for the quarterly period ending on 31 March 2011 present annualised data in accordance with Bank Indonesia Circular Letter No. 12/11/DPNP dated 31 March 2010 and Bank Indonesia Circular Letter No. 7/10/DPNP dated 31 March 2005.
xix
BUSINESS STRATEGY The Company’s objective is to become as a leading financial institution in Indonesia, committed to providing quality banking services to customers and delivering superior returns to its shareholders. The Company seeks to continuously raise its standards to that of a top-tier international financial institution through an increased focus on growing its business, strengthening its relationships with existing customers, training and recruitment, strengthening its product offerings and brand awareness, capturing cross-segment synergies and improving internal processes with respect to customer service and risk management. The key elements of the Company’s strategy are as follows: Continued Focus on Core Businesses and Expanding Range of Products and Services to Existing Customers Due to the positive macroeconomic environment and attractive growth prospects of Indonesia, the Company will remain focused on growing its mass market businesses (which include microfinance businesses, white goods financing, and automotive financing), retail and consumer lending (especially mortgage loans, personal loans and credit cards), and mid-size market lending to SME and commercial customers throughout Indonesia. The Company will also seek to grow its non-mass market business by offering quality customer sales and service with the goal of providing more business products and services, such as asset based finance and trade finance. The Company aims to maintain its presence in the corporate segment by concentrating on further cultivating relationships with existing customers who operate in all industries throughout Indonesia that are globally competitive or are critical to the Indonesian economy. Enhance Cross-Sell Capabilities Due to the Company’s large customer base, cross-selling represents a significant opportunity to grow its business. The Company has increased cross-selling efforts by encouraging customers to take advantage of products and other services through product bundling and crossing business lines. The Company continues to define its business segments to reflect customers’ profiles by maintaining an integrated IT system that captures customer data to allow the Company to identify opportunities for cross-selling. The Company will remain focused on developing closer synergies between Adira Asuransi and Adira Finance and other core business segments (including the SME and the SEMM segments) to promote the growth of non-motor vehicle insurance and loans. Moreover, the Corporate Banking and Financial Institutions segments aim to focus on strengthening their relationships with their various product partners, including Treasury and Capital Markets and Custody, to achieve greater cross-selling of diversified fee-based income. By introducing the products and services of its different business segments to its target customers, the Company is seeking to create a “one-stop shop” for its customers, providing a comprehensive range of products and services. Increasing Competitiveness and Productivity of Employees The Company plans to further strengthen its employees’ competitiveness and productivity to meet its strategic goals. The Company will continue to recruit, train and retain talented employees to improve the quality and productivity of its human resources in line with its strategic business objectives. In order to optimize workforce composition, the Company intends to adopt international best practices in human resources management. For example, the Company has introduced the Danamon Corporate University and introduced monthly high-level human resources meetings. It also conducted 8,000 training programs during 2010 with a focus on building a positive working climate for employees. In addition, the Company launched a programme called Employee Opinion Survey to measure the level of satisfaction of employees.
xx
Selectively Entering New Lines of Businesses The Company has a demonstrated the ability to be a product innovator, able to develop unique products which cater to the changing needs of its customers. The establishment of DSP in 2004 to become a market leader in the microfinance segment is testament to the Company’s ability to successfully take advantage of profitable opportunities in niche market segments. The newest business line is Syariah Pawn Broking, which the Company entered in 2010 and presently has 10 branches offices. This product was developed to serve the needs of mass market customers, by offering a unique value proposition of Syariah financing in an emerging customer segment. The Company sees a number of opportunities across its business for the development of new products, as the financial services market continues to evolve. Expand Distribution Channels to Meet Customers’ Demands for Convenience and Reduce Funding Costs The Company plans to expand its branch network to meet customers’ demands for convenience with the aim of offering a complete network service in all branch offices so that customers can enjoy the convenience of banking services at any time wherever they are. In addition, the Company will continue to develop the process of centralization to achieve efficiency and to create a dynamic space for the sake of convenience and customer and employee satisfaction. The Company will also continue to build out alternative distribution channels in the form of internet banking, call centres, mobile banking, ATMs and others. With regards to funding, the Company will also take advantage of funding opportunities from the Mass Market segment through a network of existing offices of DSP. The Company believes these steps will increase customer convenience and improve customer service, particularly with respect to the Company’s target to increase total deposits and contribution of current and savings accounts to total deposits which as at 31 March 2011 stood at 37%. Further Strengthening of Risk Management The Company will continue to implement a prudent and effective risk management culture while also maintaining a strong capital position, high asset quality and a healthy balance sheet. It also seeks to improve the efficiency and effectiveness of its internal operations by implementing evaluation policies and a multi-tiered credit approval process, assessing and monitoring risk exposure at both the business segment and the company level, and reviewing risks faced by the Company on a monthly basis by the Risk Management Committee. BUSINESS PROSPECTS The Company’s financial condition and results of operations will continue to be affected by global economic conditions, as well as by Indonesia’s economic conditions. The Indonesia economic growth in the first quarter of 2011 increased by 6.5%, supported by the growth of household consumption, investment and export. 2011 economic growth is estimated by the Company to be approximately 6.4%, as compared to 6.1% in 2010. Based on the improving macroeconomic environment and improving banking indicators, the Indonesian banking sector is expected to perform strongly in the next few years. The Company faces competition across all of its business segments primarily from other Indonesian banks, as well as from foreign banks operating in Indonesia. Competition in certain segments also exists from other types of financial services providers, including leasing companies, financing companies (multi finance), credit cooperatives and pawnshops. Notwithstanding the existence of such xxi
competition, the Company is optimistic about its future business prospects due to the expected favourable economic environment, as well as its strong brand name, existing distribution network and market leadership in several segments of customers. Based on various banking indicators as well as the continuous improvement of macroeconomic conditions, the national banking industry is expected to grow going forward. Assuming conditions conducive to growth, the Company will have more opportunities to serve its main function as a financial intermediary and encourage the growth of real sectors in the country. Supported by conducive conditions, the Company as the sixth largest bank in terms of total assets, would be able to increase loans to customers from various industrial sectors and business segments. The improving economy would provide an opportunity for the Company to enhance services and product development according to customers’ needs. The Company is optimistic about future business prospects although it faces both direct and indirect competition from national banks, foreign banks, joint venture banks, as well as other financing institutions such as leasing companies, cooperatives, pawnshops, etc. By having a broad and loyal customer base in all segments, large branch networks with various banking products and quality banking services, the Company will continue to succeed in the finance industry. COMPETITIVE ADVANTAGES As a bank which focuses on the mass market segment, the Company has a number of advantages over its competitors. Given the currently favourable conditions of the Indonesian economy, the Company believes it can capitalise on existing opportunities that play to its competitive advantages. Highly Recognized Brand Name With A Long Reputation The Company has a long history and reputation as one of the leading players in the Indonesian banking sector. With over 55 years of operating history since 1956, the Company has one of the most recognized brand names among Indonesian financial institutions with over 2,000 customer touch points in the form of branches, ATMs, SEMM or DSP outlets, spread strategically across Indonesia. As of 11 March 2011, the Company was the sixth largest commercial bank and the third largest private national bank in Indonesia by assets, loans and deposits. The combination of its brand recognition, reach and scale have made it a premier financial institution in Indonesia and the preferred lender in the mass market segment. Leadership In Mass Market Banking The Company’s leadership position among Indonesia’s banks within the mass market segment has provided it with a strong national profile and highly recognizable brand. The Company is a leading player in the following key business segments: •
Automotive financing: The Company’s automotive financing business is conducted through its Subsidiary, Adira Finance. Adira Finance is one of the largest auto financing companies with market shares of 13.9% and 5.3% for new motorcycle and car sales, respectively, in 2010. Unlike many other automotive financing providers, Adira Finance has a multi-brand dealership strategy with a focus on both motorcycles and cars.
•
Micro Finance: Since its inception in 2004, DSP has achieved rapid growth and established itself as one of the leading microfinance provider in Indonesia. DSP has a highly customized product offering focused on sellers in traditional or wet markets and is the leader in servicing this market.
xxii
•
Consumer financing: Adira Kredit is the market leader in white/durable goods financing. This is a high growth and high margin segment which remains relatively underpenetrated by Indonesia’s commercial banks.
Its long history as a leading mass market lender provides significant operational expertise and strong relationships with automotive dealerships and other vendors that are difficult to replicate in an increasingly competitive environment. The portfolio Company in mass market delivers high yields relatively compared to the yield of the Indonesian banking sector in general. As of 31 March 2011, loans to the mass market segment accounted for 58% of the total loan portfolio, resulting in the Company’s ability to achieve the highest net interest margins (NIM) compared with that achieved by the six largest banks in Indonesia. Established Business Model Offering Cross-Selling Opportunities The Company believes that its strong brand recognition provides it with a powerful platform from which to market its products and services. The Company believes that it can use the breadth of its existing mass market portfolio to increase cross selling of products in particular between Adira Finance, Adira Asuransi and DSP. The Company has established relationships with an extensive base of small- and medium-sized business customers and mass market retail customers which the Company believes allows it to effectively implement strategies to cross-sell products and services. As of 31 March 2011, it had approximately 18,000 small- and medium-sized customer loan accounts, 4 million mass market customer loan accounts and 1.9 million customer deposit accounts. Expanding Distribution Network With Strong Momentum In Deposit Growth The Company has a broad and strategic multi-channel distribution platform located throughout Indonesia. As of 30 June 2011, The Company had 79 domestic branch offices, 390 domestic supporting branch office, 920 Danamon Credits and Savings (Danamon Simpan Pinjam) branch offices (including 19 implant branches, with the support of 200 mobile units), 246 sales representative offices, 8 Syariah branch offices, 3 Syariah supporting branch offices and 10 Syariah Gold Solution offices spread throughout Indonesia, and 1 overseas branch office, 1,084 ATMs owned by the Company and more than 25,000 shared network ATMs with other banks. From 2006 to 2010, the number of the Company’s conventional branches and ATM networks grew by 18% and 44% respectively. The Company offers a variety of electronic banking services, including mobile banking, Internet banking and call centers, to build and develop our retail presence in order to increase deposits. Stable Asset Quality The Company’s management team and employees are focused and dedicated to prudent risk management and have established a comprehensive risk management framework covering credit, market, liquidity and operational risks. Specifically, it maintains independent checks and balances in its credit extension process through a decentralized credit scoring and risk management system. This enables the Company to accurately identify, monitor and assess customers’ credit profiles according to their respective segmentation. This comprehensive risk management framework, which is supported by advanced risk management information technology systems, enables us to better manage our credit risk and loan portfolio.
xxiii
As a result, the Company has been able to significantly improve the asset quality of our loan portfolio. As of 31 March 2011, our gross NPL ratio and NPL coverage ratio were 3.09% and 100.3%, respectively, compared to 4.0% and 90.3% as of 31 March 2010. Highly Experienced Management Team The Company’s senior management team has extensive banking industry and leadership experience in Indonesia. The management team’s ability to provide strategic direction and execute business initiatives in a highly competitive market is best evidenced by the Company’s strong position in the Indonesian banking sector. In the last two years, the senior management team has executed a series of strategic initiatives that has resulted in our continued delivery of growth and profitability, stable asset quality as well as strong share price performance. In addition, the senior management invests significant time and resources in ensuring that all staff have the requisite skill sets to implement the Company’s policies through the pursuit of qualified external hires and the training of existing employees. The Company believes this track record demonstrates senior management’s strategic vision and their ability to continue to provide the Company with a critical advantage in an increasingly competitive environment.
xxiv
I.
LIMITED PUBLIC OFFERING V
The Board of Directors on behalf of the Company hereby conducts this LPO V to the shareholders of the Company in relation to the issuance of Rights to subscribe for a total of 1,162,285,399 (one billion one hundred sixty two million two hundred eighty five thousand three hundred and ninety nine) Series B shares with a par value of Rp500 (five hundred Rupiah) for each share at the offering price of Rp4,300 (four thousand and three hundred Rupiah) per share. Each holder of 1,000 (one thousand) shares whose name is registered in the Company’s Shareholders Registry on 12 September 2011 at 16.00 WIB is entitled to 138 (one hundred and thirty eight) Rights in which 1 (one) Right will be entitled to subscribe for 1 (one) new Series B share at the offering price of Rp4,300 (four thousand and three hundred Rupiah) per share which shall be fully paid at the shares subscription. Every Right in fraction shall be rounded down. The total proceeds which will be obtained by the Company in the LPO V is Rp4,997,827,215,700 (four trillion nine hundred ninety seven billion eight hundred twenty seven million two hundred fifteen thousand seven hundred Rupiah). The shares offered in this LPO V are Series B shares to be issued from the Company’s portfolio and listed at the IDX. These Rights shall be traded on the IDX for 6 (six) business days commencing on 14 September 2011 until 21 September 2011. Rights are no longer valid if they are not duly exercised on the last date of such period. Shareholders who own certain amount of shares which provide less than 1 Rights, are guaranteed to obtain 1 (one) Right based on the statement from Asia Financial Indonesia (Pte. Ltd). In the event the Company exercises the Rights in the LPO V, then the allocation of Rights to the Shareholders will comply with the determined ratio at the time of execution of such LPO V. Up to the maximum total New Shares offered in this LPO V may be listed at the IDX in accordance with prevailing laws and regulations. Shares in this LPO V shall have equal and equivalent Rights in all respects including the right to dividends with other fully paid up shares. Asia Financial (Indonesia) Pte. Ltd. in the Undertaking Agreement has committed to exercise its full entitlement to the Rights. If the shares offered in this LPO V are not fully subscribed for by Rights holders, the remaining shares shall be allocated proportionally to any other Rights holders who have exercised their Rights and have applied to subscribe for more than their entitlements as set forth in the Certificates of Evidence of Rights pursuant to prevailing regulations. If after such allocations there remain any unsubscribed shares, Citigroup Global Markets Singapore Pte. Ltd. and Deutsche Bank AG, Hong Kong Branch as Standby Purchasers shall purchase the remaining shares up to a maximum of 189,602,650 (one hundred eighty nine thousand million six hundred two thousand and six hundred fifty) shares at the offering price of Rp4,300 (four thousand three hundred Rupiah) per share.
PT Bank Danamon Indonesia Tbk Line of Business: Engaged in Banking Services and Other Financial Services Domiciled in Jakarta HEAD OFFICE Menara Bank Danamon, 6th Floor Jl. Prof. Dr. Satrio Kav. E4, No. 6 Mega Kuningan, Jakarta 12950 Phone.: (021) 57991001-3 Fax: (021) 57991048 Internet website: www.danamon.co.id
BRANCH OFFICES As of 30 June 2011, the Company has 79 domestic branch offices, 390 domestic supporting branch offices, 920 Danamon Credits and Savings (Danamon Simpan Pinjam) branch offices (including 19 implant branches, with the support of 200 mobile units), 246 sales representative offices, 8 Syariah branch offices, 3 Syariah supporting offices, 10 Syariah Gold Solution offices spread throughout Indonesia, and 1 overseas branch office
THE PRINCIPAL RISK FACED BY THE COMPANY IS THAT THE COMPANY’S GROWTH STRATEGY MAY NOT SUCCEED, WHICH MAY ADVERSELY AFFECT ITS PERFORMANCE. OTHER RISK FACTORS ARE DISCUSSED IN CHAPTER V, TITLED “RISK FACTORS”, IN THIS PROSPECTUS. 1
The Company is domiciled in Jakarta and was first established under the name of PT Bank Kopra Indonesia pursuant to Deed No. 134 dated 16 July 1956, drawn up before Meester Raden Soedja,SH. then Notary in Jakarta. Such deed was approved by the Minister of Justice of the Republic of Indonesia by virtue of his Decree No. J.A.5/40/8 dated 24 April 1957, was registered at the Jakarta District Court under No. 845 dated 7 May 1957 and announced in the State Gazette of the Republic of Indonesia No. 46 dated 7 June 1957, Supplement No. 664. Since the issuance of the Limited Public Offering IV prospectus, the Articles of Association of the Company have been amended several times, and the last amendment was based on Deed of Amendment to the Articles of Association No.2 dated 5 May 2011, drawn up before Pahala Sutrisno Amijoyo Tampubolon, SH., MKn., Notary in Jakarta, as received by virtue of Letter of Notification and registered in the Administrative System for Legal Entities of the Directorate General of General Law Administration of the Department of Law and Human Rights Republic of Indonesia No. AHU.AH.01.1016473 dated 30 May 2011 and registered with the Company Registry under No. AHU0043719.AH.01.09.Tahun 2011 dated 30 May 2011 jo Letter of Acceptance of Notification No. AHU-AH.01.10-16474 dated 30 May 2011 and registered with the Company Registry under No. AHU-0043720.AH.01.09 Tahun 2011 dated 30 May 2011. Such deed sets out changes in the increase of the Company’s issued and paid-up capital for the purposes of implementation of the E/MSOP programme. The capital composition and structure of the Company based on the Company’s Shareholder Registry as issued by PT Raya Saham Registra as Securities Administration Bureau as at 1 July 2011 are presented in the table below. Remarks
Number of Shares Series A Shares
Authorized Capital
Number of Par Value (Rp)
Series B Shares
22,400,000 17,760,000,000
%
Series A Shares @ Rp50,000,-
Series B Shares @ Rp500,-
1,120,000,000,000
8,880,000,000,000
Issued and Paid-Up Capital Asia Financial (Indonesia) Pte. Ltd. JPMCB-FRANKLIN Templeton Investment Funds Public*
— —
5,674,493,482 484,402,970
— —
2,837,246,741,000 242,201,485,000
67.37 5.75
22,400,000
2,241,061,514
1,120,000,000,000
1,120,530,757,000
26.88
Total Issued and Paid-Up Capital
22,400,000
8,399,957,966
1,120,000,000,000
4,199,978,983,000
100.00
—
9,360,042,034
—
4,680,021,017,000
—
Shares in Portfolio * Ownership of less than 5%
In the event that the Rights offered in relation to this LPO V are converted into shares of the Company, the Company’s capital structure before and after the implementation of this LPO V will be as follows: Before LPO V Capital
Number of Shares Series A Shares
Authorised Capital
Series B Shares
Series A Shares (@ Rp50,000)
%
Series B Shares (@ Rp500)
—
5,674,493,482
JPMCBFRANKLIN Templeton Investment Funds
—
484,402,970
22,400,000
Series B Shares
Par Value Series A Shares (@ Rp50,000)
%
Series B Shares (@ Rp500)
22,400,000 17,760,000,000 1,120,000,000,000 8,880,000,000,000
— 2,837,246,741,000
—
Number of Shares Series A Shares
22,400,000 17,760,000,000 1,120,000,000,000 8,880,000,000,000
Asia Financial (Indonesia) Pte. Ltd.
Public*
After LPO V
Par Value
67.37
242,201,485,000
5.75
2,241,061,514 1,120,000,000,000 1,120,530,757,000
6,457,573,582
—
26.88 22,400,000
2
551,250,580
— 3,228,786,791,000 67.37
—
275,625,290,000
5.75
2,553,419,203 1,120,000,000,000 1,276,709,601,500 26.88
Before LPO V Capital
Number of Shares Series A Shares
Issued and Paid Up Capital Shares in Portfolio
After LPO V
Par Value
Series B Shares
Series A Shares (@ Rp50,000)
22,400,000 8,399,957,966
%
Series B Shares (@ Rp500)
Number of Shares Series A Shares
Series B Shares
1,120,000,000,000 4,199,978,983,000 100.00 22,400,000 9,562,243,365
— 9,360,042,034
4,680,021,017,000
Par Value Series A Shares (@ Rp50,000)
%
Series B Shares (@ Rp500)
1,120,000,000,000 4,781,121,682,500 100.00
8,197,756,635
4,098,878,317,500
* Ownership of less than 5%
Holders of Rights who do not exercise their Rights to subscribe for shares in this LPO V may sell their rights to other parties as of 14 September 2011 up to 21 September 2011 through the BEI and outside of the stock exchange, in accordance with Rule No. IX.D.1. Shareholders who do not exercise their rights to subscribe for Rights Shares so offered in this LPO V, may experience a material dilution of their shareholding up to a maximum 12.13%. AFI as the Company’s principal shareholder in the Undertaking Agreement has declared its commitment to exercise all of its entitlement to the Rights. If the shares offered in this LPO V are not fully subscribed for by Rights holders, the remaining shares shall be allocated proportionally to any other Rights holders who have exercised their Rights and have applied to subscribe for more than their entitlements as set forth in the Certificates of Evidence of Rights pursuant to prevailing regulations. If after such allocations there remain any unsubscribed shares, Citigroup Global Markets Singapore Pte. Ltd. and Deutsche Bank AG, Hong Kong Branch as Standby Purchasers shall purchase the remaining shares up to a maximum of 189,602,650 shares, at the offering price of Rp4,300 per share. If all the Rights offered in this LPO V are not exercised by all the holders except the AFI shareholders in accordance with the Undertaking Agreement, then the Company’s capital structure before and after the implementation of LPO V would be as follows: Before LPO V Capital
Number of Shares Series A Shares
Authorised Capital
After LPO V
Par Value
Series B Shares
Series A Shares (@ Rp50,000)
%
Series B Shares (@ Rp500)
Series A Shares
22,400,000 17,760,000,000 1,120,000,000,000 8,880,000,000,000
Asia Financial (Indonesia) Pte, Ltd,
—
5,674,493,482
JPMCBFRANKLIN Templeton Investment Funds
—
484,402,970
—
Citigroup Global Markets Singapore Pte. Ltd.
—
—
Deutsche Bank AG, Hong Kong Branch
—
—
Number of Shares Series B Shares
Par Value Series A Shares (@ Rp50,000)
%
Series B Shares (@ Rp500)
22,400,000 17,760,000,000 1,120,000,000,000 8,880,000,000,000
— 2,837,246,741,000
67.37
—
6,457,573,582
— 3,228,786,791,000 67.37
242,201,485,000
5.75
—
484,402,970
—
242,201,485,000
5.05
—
—
—
—
189,602,650
—
94,801,325,000
1.98
—
—
—
—
189,602,649
—
94,801,324,500
1.98
Public*
22,400,000
2,241,061,514 1,120,000,000,000 1,120,530,757,000
26.88 22,400,000
2,241,061,514 1,120,000,000,000 1,120,530,757,000 23.62
Issued and Paid Up Capital
22,400,000
8,399,957,966 1,120,000,000,000 4,199,978,983,000 100.00 22,400,000
9,562,243,365 1,120,000,000,000 4,781,121,682,500 100.00
9,360,042,034
8,197,756,635
Shares in Portfolio
—
— 4,680,021,017,000
—
* Ownership of less than 5%
3
— 4,098,878,317,500
All of the Company’s issued and fully paid up shares, including new Series B shares to be issued in this LPO V, shall have equal and equivalent rights in all respects with the other issued and fully paid-up shares of the Company, including in their rights to dividends. THE COMPANY DOES NOT INTEND TO ISSUE NEW SHARES OR OTHER SECURITIES WHICH MAY BE CONVERTED INTO SHARES WITHIN A PERIOD OF 12 (TWELVE) MONTHS AS OF THE EFFECTIVE DATE.
4
II.
USE OF PROCEEDS FROM LIMITED PUBLIC OFFERING V
Proceeds from this LPO V, after deducting issuance expenses, will be allocated for the extension of credit to microfinance, SME and automotive financing segments. In addition, this LPO V will also strengthen the Company’s capital position in relation to uncertain global economic conditions and also in relation to the Company’s preparations in implementing BASEL II in 2012 and BASEL III which is projected to be implemented in 2015-2019. After this Limited Public Offering V, the pro-forma consolidated and standalone CAR of the Company as of 31 March 2011 will increase from 14.75% to 19.16% and from 12.05% to 16.98%, respectively. The Company shall account for the use of proceeds from this LPO V periodically to the shareholders at the GMS of the Company and report the same to BAPEPAM-LK as Rule No. X.K.4. requires. If the Company wishes to amend the use of proceeds obtained from this LPO V, the Company shall (i) report to BAPEPAM-LK to disclose the reason and the consideration (ii) obtain the approval from the shareholders on such amendment during the Company’s GMS according to BAPEPAM-LK Regulation No. X.K.4. Pursuant to the Circular issued by BAPEPAM-LK Number SE-05/BL/2006 dated 29 September 2006 regarding the Disclosure of Information on the Costs incurred for the Public Offering, the estimated total expenses incurred by the Company in this LPO V shall be 1.2845% of the issuance value, which consist of: 1.
Standby Purchaser fees payable to Citi and Deutsche Bank as Standby Purchasers of approximately 0.9618% of total issuance value;
2.
Organisation service fees of approximately 0.03% of total issuance value;
3.
Public accountant fees of approximately 0.1103% of total issuance value;
4.
Legal counsel fees of approximately 0.044% of total issuance value;
5.
Securities administration bureau fees of approximately 0.002% of total issuance value;
6.
Notarial fees of approximately 0.0024% of total issuance value;
7.
Other counsel fees of approximately 0.044% of total issuance value; and
8.
Printing and miscellaneous fees of approximately 0.09% of total issuance value.
If the Company conducts a transaction which utilises the proceeds from this LPO V and that is deemed a material transaction, an affiliated transaction or a conflict of interest transaction, the Company shall comply with Rule No. IX.E.2 and Rule No. IX.E.1. The proceeds obtained from LPO IV have been utilised in full in accordance with the plan on the use of proceeds as set out in the Prospectus for LPO IV and has been reported to BAPEPAM-LK according to Regulation No. X.K.4 as stated in the Company’s Letter No. B.196-Corp.Sec dated 14 April 2010. The funds obtained from Bank Danamon’s 2010 fixed rate Bond Public Offering II have been used accordance with used of proceed stated in Prospectus in Bank Danamon Bond II year 2010 with fixed rates reported to BAPEPAM-LK by a Company’s letter No. B.011-Corp.Sec dated 14 January 2011.
5
III.
STATEMENT OF LIABILITIES
The information table contained in the following discussion, especially regarding the financial performance of the Company and Subsidiaries, is based on the three-months ended 31 March 2011 as extracted from the Consolidated Financial Statements of the Company and its Subsidiaries (“Consolidated Financial Statement”). The Consolidated Financial Statement as of 31 March 2011 was audited by the Registered Public Accountants of Siddharta & Widjaja (a member firm of KPMG International) with unqualified opinions and includes an explanatory paragraph which states that the Company and Subsidiaries adopted certain Statement of Financial Accounting Standards (“SFAS”) that became effective as of 1 January 2011, which were applied prospectively as well as retrospectively, as well as a paragraph regarding the re-issuance of the Company’s Consolidated Financial Statements as of and for the three months period ended 31 March 2011, in order to adjust the presentation in accordance with the capital market regulations, in relation to the Company’s plan to conduct LPO V for the purposes of the Rights Issue. The table below presents the liabilities of the Company and its Subsidiaries, for a total Rp104,483,820 million with the following details: A.
CONSOLIDATED LIABILITIES (in millions of Rupiah)
Remarks
Rupiah
Foreign Exchange Currency (equivalent in Rupiah)
Total (31 March 2011)
Deposits from customers — Related Parties
90,657
—
90,657
71,746,763
8,847,683
80,594,446
Deposits from other banks
1,821,260
503,677
2,324,937
Securities sold under repurchase agreements
2,790,276
—
2,790,276
Deferred premium income
662,431
—
662,431
Unearned premium reserve
346,173
—
346,173
20,697
866,307
887,004
Bonds issued
6,302,358
—
6,302,358
Borrowings
2,124,071
2,075,949
4,200,020
96,689
—
96,689
Derivative liabilities
161,105
94,966
256.071
Deferred tax liabilities, net
348,535
—
348,535
4,748,487
335,736
5,084,223
500,000
—
500,000
91,759,502
12,724,318
104,483,820
— Third Parties
Acceptance liabilities
Taxes payable
Accruals and other liabilities Subordinated debts Total Liabilities
In the absence of negative convenants that may be detrimental to the rights of public shareholders, no revocation of a negative covenant has been made.
6
1.
Deposits from customers Deposits from customers as of 31 March 2011 which have been successfully collected by the Company are in the total amount of Rp80,685,103 million and consist of deposits from related parties in the amount of Rp90,657 million and deposits from third parties in the amount of Rp80,594,446 million. Based on types of exchange currencies, the following table shows customer savings in Rupiah currency in the amount of Rp71,837,420 million and in foreign currencies in the amount of Rp8,847,683 million. (in millions of Rupiah) Remarks
31 March 2011
Related parties
90,657
Third parties
80,594,446
Total deposits from customers
80,685,103
(in millions of Rupiah) Remarks
31 March 2011
Rupiah Current accounts
5,445,522
Savings
18,358,729
Time Deposits
48,033,169
Foreign Currencies Current accounts
3,138,698
Savings
2,579,514
Time Deposits
3,129,471
Total Deposits from customers
80,685,103
(in millions of Rupiah) Average one year weighted effective interest rate for three months period ended 31 March 2011
Remarks Current accounts
2.15%
Savings
3.08%
Time Deposit
7.01%
Remaining periods of maturity based on contractual and behavioural assumptions (in millions of Rupiah) Remarks
31 March 2011
< 1 month
10,965,607
1–3 months
9,078,521
3–12 months
9,916,890
7
(in millions of Rupiah) Remarks
31 March 2011
> 12 months
50,724,085
Total Deposits from customers
80,685,103
Deposits blocked and pledged as loan collateral (in millions of Rupiah) Remarks
31 March 2011
Time deposits
3,021,022
Based on Law No. 1/PLPS/2006, the Indonesia Deposit Insurance Corporation (Lembaga Penjaminan Simpanan, LPS) secures deposits from customers in the form of currents accounts, time deposits, deposit certificates and savings in accordance with the interest rate of such deposit insurance. Any bank which carries out business activities within the territory of the Republic of Indonesia is obliged to participate in such deposit insurance and pay a participation contribution and insurance premium. 2.
Deposits from Other Banks The Company’s total deposits in other banks equals Rp2,324,937 million which consists of current accounts, call money, savings, deposits and on call deposits. (in millions of Rupiah) Remarks
31 March 2011
Rupiah Current accounts
1,194,720
Deposits and deposits on call
577,186
Savings
49,354
Foreign Currencies Current accounts
7,350
Call money
496,327
Total deposits from other banks
3.
2,324,937
Securities Sold under Repurchase Agreements As of 31 March 2011, liabilities from Government bonds sold under Repurchase Agreements have reached an amount of Rp2,790,276 million which are presented as securities sold under repurchase agreements. The liabilities to repurchase Government bonds will mature between 15 August 2011 until 12 February 2014 and the maturity of these Government bonds will take place from 25 December 2014 until 25 November 2015.
8
4.
Acceptance Payables As of 31 March 2011, the Company’s acceptance liabilities total Rp887,004 million, including acceptance liabilities in foreign currencies (United States Dollars, Euro, Japanese Yen) in the amount of Rp866,307 million.
5.
Issued Bonds The table below presents issued bonds which constitute liabilities of the Company and its Subsidiaries as of 31 March 2011 of Rp6,302,358 million and consist of: (in millions of Rupiah) Remarks
31 March 2011
The Company
3,987,111
Subsidiaries
2,315,247
Total
6,302,358
Bonds issued by the Company’s Subsidiaries consist of: (in millions of Rupiah) Remarks
31 March 2011
Nominal value
2,544,000
Costs for unamortised bonds’ issuance of bonds
(7,753)
Elimination for consolidation purposes
(221,000)
Total bonds issued — net
6.
2,315,247
Accepted Borrowings Total borrowings received constitute borrowings in Rupiah and foreign currencies as received from Bank Indonesia, banks and other financial institutions. As of 31 March 2011, the Company and its Subsidiaries received total borrowings in the amount of Rp4,200,020 million which consist of Rp2,124,071 million in Rupiah currency and Rp2,075,949 million in foreign currencies. (in millions of Rupiah) Remarks
31 March 2011
Rupiah International Finance Corporation (IFC)
662,940
PT Panin Bank Tbk.
1,025,000
PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk.
250,000
Borrowings from banks/other Institutions
50,000
PT Permodalan Nasional Madani (PNM)
24,205
Bank Indonesia (BI)
11,168
Pinjaman penerusan
758
Bankers Acceptance loans
100,000
9
(in millions of Rupiah) Remarks
31 March 2011
Total
2,124,071
Foreign currencies Bankers acceptance loans
1,523,813
Letter of Credit financing
395,401
International Finance Corporation (IFC)
7.
156,735
Total
2,075,949
Total borrowings
4,200,020
Taxes payable The Company’s and its Subsidiaries’ total taxes payable as of 31 March 2011 in the amount of Rp96,689 million consist of: (in millions of Rupiah) Remarks
31 March 2011
Income tax Article 21
8.
40,813
Articles 23/26
8,745
Value added tax
2,778
Taxes Payable by Company
52,336
Taxes Payable by Subsidiaries
44,353
Total Taxes payable
96,689
Derivative Liabilities The Company’s total derivative liabilities as of 31 March 2011 amount to Rp256,071 million with the following specifications: (in millions of Rupiah) Counterparty Customer Bank Counterparty
Remarks
31 March 2011
Foreign exchange cash contract
838
1
839
Foreign exchange contract with tenor
961
171
1,132
21,995
—
21,995
138,661
266
138,927
20,761
6,403
27,164
6.688
58,852
65,540
474
—
474
190,378
65,693
256,071
Foreign currency swap Cross currency swap Interest swap Foreign currency option contract Futures Total derivative liabilities
10
9.
Deferred Tax Liabilities Deferred tax liabilities-net have all derived from the Subsidiaries. As of 31 March 2011, deferred tax liabilities of the subsidiaries amount to Rp348,535 million with following specifications: (in millions of Rupiah)
1 January 2010
Credited/ (charged) to consolidated statement of income
Deferred charges
367,520
22,763
Payable Allowance for employee benefits
(50,326)
8,742
Remarks
Reclassification — (2,883)
31 March 2011 390,283 (44,467)
Depreciation of fixed assets
11,053
200
194
11,447
Allowance for possible losses from depreciation of other receivables
(4,841)
19,200
742
15,101
(19,707)
(3,728)
—
(23,435)
(897)
(122)
625
(394)
Promotion Others Total deferred tax liabilities — net
302,802
47,055
(1,322)
348,535
10. Accruals and Other Liabilities The total accruals and other liabilities of the Company and its Subsidiaries as of 31 March 2011 total Rp5,084,223 million namely, Rp4,748,487 million in Rupiah and Rp335,736 million in foreign currencies. Such amount consist of: (in millions of Rupiah) Remarks
31 March 2011
Compensation for merger costs of 8 BTOs
16,119
Interest payables
397,225
Accrued expenses
1,276,216
Allowance for employee benefits
603,085
Other liabilities — subordinated debts and loan capital
279,320
Dividend payables
1,011,670
Dealer payables
252,077
Accrued purchase of marketable securities
302,460
Accrued option premium
20,121
Down payment loan provision
55,021
Re-insurance payables
72,730
Self retained claim estimation
102,148
Other reserve funds
8,617
Merchant payables
46,732
Security deposits
25,692
Final taxes
60,249
Deposit funds
74,471
Others
480,270
Total accruals and other liabilities
5,084,223
11
11.
Subordinated Debts On 31 March 2011, the Company owns subordinated debts in the amount of Rp500,000 million with the following details: (in millions of Rupiah) Remarks
31 March 2011
Subordinated loans
624,320
Subordinated loans transferred into other liability accounts Total subordinated loans
(124,320) 500,000
The balance of Rp624,320 million represents the subordinated loans as received by the Company from BI and shareholders of BTO Banks that merged with the Company. These loans will mature on various dates, the latest being in 2017. At the time of issuance of this Prospectus, the subordinated loans have been settled. A more detailed explanations on the above liabilities may be seen in Chapter XVI on the Independent Auditor’s Report and the Company’s Financial Report. B.
COMMITMENT AND CONTINGENCIES As of 31 March 2011, the total commitment and contingency liabilities-net of the Company total Rp2,758,156 million, which consist of liabilities in the amount of Rp1,348,197 million and contingency liabilities-net in the amount of Rp1,409,959 million. (in millions of Rupiah) Remarks
31 March 2011
Commitment charges Unused borrowing facilities received
3,813
Total Commitment Charges
3,813
Liability commitments Unused credit facilities to borrowers Outstanding irrevocable letters of credit
37,534 1,314,476
Total commitment liabilities
1,352,010
Commitment Liabilities-net
1,348,197
Contingency Charges Guarantees from other banks Interest revenues in settlement Others
93,977 355,576 1,369
Total Contingency charges
450,922
Contingent Liabilities Guarantees issued in the form of Bank guarantees Standby letters of credit
1,678,317 182,564
Total Contingent Liabilities
1,860,881
Contingency Liabilities-Net
1,409,959
Total commitment and contingency liabilities — net
2,758,156
12
More detailed information on the above liabilities can be found in Chapter XVI on the Independent Auditors’ Report and Financial Statements of the Company. C.
ADDITIONAL REMARKS The Company and its Subsidiaries hold liabilities in various foreign currencies among others United States Dollars, British Pound Sterling, Singapore Dollars, Euro, and Japanese Yen. Fluctuations in the exchange rates of such foreign currencies against the Rupiah may affect the total consolidated liabilities of the Company and its subsidiaries. After 31 March 2011 up to the date of the Independent Auditor’s Report and after the date of the Independent Auditor’s Report up to the effective date of the Registration Statement, the Company does not have any other liabilities and commitments other than those stated in this Prospectus and disclosed in the Consolidated Financial Statements which constitute an inseparable part of this Prospectus. THE COMPANY DOES NOT HAVE ANY OTHER LIABILITIES, OTHER THAN THOSE STATED ABOVE AND DISCLOSED IN THE CONSOLIDATED FINANCIAL STATEMENTS PRESENTED IN CHAPTER XVI OF THIS PROSPECTUS. WITH THE SYSTEMATIC MANAGEMENT OF ASSETS AND LIABILITIES, THE MANAGEMENT OF THE COMPANY STATES ITS COMMITMENT IN DULY SETTLING ALL OF ITS LIABILITIES AS DISCLOSED IN THIS PROSPECTUS IN ACCORDANCE WITH THE REQUIREMENTS. ON 31 MARCH 2011, THERE IS NO MATURED OBLIGATION WHICH HAS NOT BEEN REPAID/SETTLED.
13
IV.
MANAGEMENT DISCUSSION AND ANALYSIS
The information contained in the following discussion, especially regarding the financial performance of the Company and Subsidiaries, is based on the three months ended 31 March 2011 and for the years ended 31 December 2010, 2009 and 2008 as extracted from the Consolidated Financial Statements of the Company and Subsidiaries (“Consolidated Financial Statements”). The Consolidated Financial Statements as of 31 March 2011, 31 December 2010, 2009, 2008 were audited by the Registered Public Accountants of Siddharta & Widjaja (a member firm of KPMG International) with unqualified opinions in each of the reports. The independent auditor’s report for the Consolidated Financial Reports as of 31 March 2011 includes an explanatory paragraph stating that the Company and Subsidiaries adopted certain Statements of Financial Accounting Standards (“SFAS”) that have become effective as of 1 January 2011, which were applied prospectively as well as retrospectively, as well as a paragraph regarding the re-issuance of the Company’s Consolidated Financial Statements as of the date and for the three-months period ended 31 March 2011, in order to adjust the presentation in accordance with the capital market regulations, in relations to the Company’s plan to conduct LPO V for the purposes of the Rights Issue. The independent auditor’s report for the Consolidated Financial Reports as of 31 December 2010 includes an explanatory paragraph which states that effective 1 January 2010 the Company and Subsidiaries prospectively adopted SFAS No. 50 (2006 Revision): “Financial Instruments: Presentation and Disclosure” and SFAS No. 55 (2006 Revision): Financial Instruments: Recognition and Measurement”. The independent auditor’s report for the Consolidated Financial Reports as of 31 March 2008 includes an explanatory paragraph regarding reissuance of the Consolidated Financial Statements of the Company and its Subsidiaries as of and for the year ended 31 December 2008 in order to conform with the presentation as required by the capital market regulations, in relation with the Company’s plan for the Limited Public Offering IV to shareholders. 1.
GENERAL The Company is domiciled in Jakarta and established under the name of PT Bank Kopra Indonesia. On 30 September 1958, by Decree of the Minister of Finance of the Republic of Indonesia No. 161259/U.M.II, the Company obtained a business licence to operate as a Commercial Bank. The Company commenced commercial operations in that same year and became a foreign exchange bank as of 5 November 1988 by Decree of the Board of Directors of Bank Indonesia No.21/10/Dir/UPPS. The Company is ranked as one of the leading financial services institutions in Indonesia. It is the sixth largest commercial bank and the third largest private national bank in Indonesia in terms of total assets, loans and total deposits. As of 30 June 2011, the Company has 79 domestic branch offices, 390 domestic auxiliary branch offices, 920 Danamon Simpan Pinjam branch offices (including 19 implant branches and 200 mobile units), 246 sales representatives office, 8 Syariah branches, 3 supporting Syariah branch offices, 10 Syariah Gold Solution offices throughout Indonesia, and 1 overseas branch and also 1,084 self-owned ATMs and a number of shared network ATMs. The Company’s network is one of the largest amongst private national banks and is widely spread throughout Indonesia covering most of the regions of the country. In line with its business development from year to year, the Company has successfully provided various banking and other financial services for large-scale companies (corporates), mid-scale companies (commercial), small and medium enterprises (SME), small business (microfinance) and consumers. The types of banking services provided by the Company include, among others: (i) fund collection from savings accounts, current accounts and time deposits, (ii) granting of loan facilities in forms of government programme loans, consumer loans, export loans, investment loans, working capital loans, trade finance, syndicated loans, bank guarantees and credit cards, and (iii) other
14
banking services such as ATM services, money transfer, foreign exchange trading, processing of credit card transactions, bill payment facilities, payroll processing and safe deposit box services. The Company consistently provides superior service in offering a variety of financial services, from banking services, insurance and multifinance. The Company’s multifinance business is operated via through Adira Finance, which is one of the leading multifinance companies in Indonesia. The Indonesian economy grew at the rate of 6.5% in the first quarter of 2011, supported by the increase in household consumption, investment activities and exports. The 2011 economic growth is estimated by the Company to be approximately 6.4%, as compared to 6.1% in 2010. Based on the development of various banking indicators and improving macroeconomic environment in general, the national banking sector is expected to continue its growth and development. Considering this conducive operating environment, the Company is anticipated to have more opportunities in performing its main function as a financial intermediation institution to mobilize the real sector at the national level. Further discussions on the business prospects of the Company can be found in Chapter VIII on the Business Activities and Prospects of the Company. The Company is facing competition across all its lines of its businesses. The main competitors of the Company are the large Indonesian banks and foreign banks operating in Indonesia. The Company also faces indirect competition from other types of financial services companies, including leasing companies, financing companies and cooperatives. The Company also faces competition from government-related companies engaging in the industry of the development of fund accumulation and export/import financing and services. Several market strategies are proposed to promote competitive excellence in the distribution sector and through internet transactions (such as utilising a new line of service Danamon@work, e-channel and social network) and mobile phone facilities (SMS Banking), expansion banking services, providing reliable services and superior products, expansion in target markets, and continuing to develop a good relationship with customers. Furthermore, the Company faces various risks inherent to the banking industry. These risks include, among others, macroeconomic risk, credit risk, interest rate risk, foreign currency fluctuation risk, liquidity risk, operational risk, legal risk, reputation and strategic risks, compliance risk and technology risk. The impact of these risks on the performance of the Company will be further discussed in Chapter V on Business Risks. The steps taken by the Company to mitigate these risks will be further discussed in Chapter VIII on the Business Activities and Prospects of the Company. Changes in commercial paper rates, exchange rates and interest rates will also impact the results of operations and the financial condition of the Company. Changes in commercial paper rates will affect the portfolio of commercial papers owned by the Company, especially long-term commercial papers which are more sensitive to changes in interest rate. Therefore, the Company has begun reducing its long term commercial paper portfolios to mitigate any negative impact on the value of such portfolios. Changes in exchange rates are generally caused by market trading of foreign currencies affecting the assets and liabilities of the Company as a foreign exchange bank. Rupiah exchange rates against foreign currencies are influenced by various factors so as the weakening of foreign currencies owned by the Company may negatively impact the performance of the Company. Meanwhile, changes in interest rate occur due to the fluctuation of interest rate in the market. Net interest income from the Company’s portfolios in the form of assets, liabilities, and administrative accounts is highly influenced by the prevailing interest rate. In addition, as an increase in the interest rate will affect the ability of debtors to settle their obligations, this increase will also decrease the asset quality of the Company.
15
The Company’s steps in maintaining and improving performance, among others, encourage loan growth in all segments including the Sharia Gold Solution together with the implementation of the prudent risk management to continue developing operational capabilities thus the costumer may benefit from banking services at any time and any where they are located. Beside that, the Company is also improving the human resources specifically to increase productivity. 2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following sets out material accounting policies, which were applied in preparing the consolidated financial statements of the Company and its Subsidiaries for the three month period ended 31 March 2011 and for the years ended 31 December 2010, 2009 and 2008, especially those related to the application of SFAS No. 55 (2006 Revision): “Financial Instruments: Recognition and Measurement”.
(a)
Financial Assets and Liabilities The Company and its Subsidiaries’ financial assets mainly consist of cash, current accounts with BI, current accounts with other banks, placement with other banks and BI, marketable securities, derivative receivables, loans, consumer financing receivables, premium receivables, acceptance receivables, Government Bonds, investments in shares and prepayments and other assets (derivative transactions, interest receivables, other receivables, premium receivables on option, receivables from sales of marketable securities and receivables from credit card transactions). The Company and its Subsidiaries’ financial liabilities consist of deposits from customers, deposits from other banks, securities sold under repurchase agreements, derivative liabilities, acceptance liabilities, bonds issued, borrowings, and subordinated loans. The Company and its Subsidiaries adopted SFAS No. 55 (2006 Revision): “Financial Instruments: Recognition and Measurement” and SFAS No. 50 (2006 Revision): “Financial Instruments: Presentation and Disclosures” effective from 1 January 2010, which replaced SFAS No. 55 (1999 Revision): “Accounting for Derivatives and Hedging Activities” and SFAS No. 50: “Accounting for Investments in Certain Securities” respectively. Classifications Based on SFAS No. 55 (2006 Revision), as of 1 January 2010, financial assets are classified into the following categories at initial recognition: (i)
Fair value through profit or loss, which has two sub-classifications, i.e. financial assets designated as such upon initial recognition and financial assets classified as held for trading;
(ii)
Available for sale;
(iii)
Held to maturity; and
(iv) Loans and receivables. Financial liabilities are classified into the following categories at initial recognition: (i)
Fair value through profit or loss, which has two sub-classifications, i.e. financial liabilities designated as such upon initial recognition and financial liabilities as held for trading;
(ii)
Financial liabilities measured at amortized cost.
16
Held for trading are financial assets and liabilities that the Company and its Subsidiaries acquire or incur principally for the purpose of selling or repurchasing in the near term, or hold as part of a financial instrument portfolio that is managed together for short-term profit or position taking. Available for sale category consists of non-derivative financial assets that are designated as available for sale or are not classified in one of other categories of financial assets. Held to maturity category consists of non-derivative financial assets with fixed or determinable payments and fixed maturity that the Company and its Subsidiaries have the positive intent and ability to hold to maturity, and which are not designated at fair value through profit or loss or available for sale. Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market and that the Company and its Subsidiaries do not intend to sell immediately or in the near term. Prior to 1 January 2010, marketable securities and government bonds were classified into one of the following categories: held to maturity, for trading and available for sale in accordance with SFAS No. 50: “Accounting for Investments in Certain Securities”. Recognition The Company and its Subsidiaries initially recognize loans which are granted and deposits on the date of origination. Regular purchases and sales of financial assets are recognized on the trade date on which the Company or its Subsidiaries commit to purchase or sell the asset. All other financial assets and liabilities are initially recognized on the trade date on which the Company or its Subsidiaries become a party to the contractual provisions of the instruments. At the time of initial recognition, a financial asset or liability is measured at fair value plus (for an item not subsequently measured at fair value through profit and loss) transaction costs that are directly attributable to its acquisition or issuance of financial liability. The subsequent measurement of financial assets and liabilities depends on their classification. Transaction costs include only costs that are directly attributable to the acquisition of a financial asset or issue of a financial liability and are incremental costs that would not have been incurred if the instrument had not been acquired or issued. In the case of financial assets, transaction costs are added to the amount recognized initially, while for financial liabilities, transaction costs are deducted from the amount of debt recognized initially. Such transactions costs are amortized over the terms of the instruments based on the effective interest rate method and are recorded as part of interest income for transaction costs related to financial assets or interest expense for transaction costs related to financial liabilities. Prior to 1 January 2010, transaction costs of Subsidiaries were recorded at a separate account, as deferred charges and not as part of consumer financing receivables. Derecognition The Company and its Subsidiaries derecognize a financial asset when the contractual rights to the cash flows from the asset expire, or when the Company and its Subsidiaries transfer the rights to receive the contractual cash flows on the financial asset in a transaction in which substantially all the risks and rewards of ownership of the financial asset are transferred. Any right or obligation in transferred financial assets that is created or retained by the Company and its Subsidiaries is recognized as a separate asset or liability.
17
The Company and its Subsidiaries derecognize a financial liability when its contractual obligations are discharged, cancelled or expired. The Company and its Subsidiaries enter into transactions whereby they transfer assets recognized on its consolidated statements of financial position, but retains all risks and rewards of the transferred assets or a portion of them. If all or substantially all risks and rewards are retained, then the transferred assets are not derecognized from the consolidated statements of financial position. When assets are sold to a third party with a concurrent total rate of return swap on the transferred assets, the transaction is accounted for as a secured financing transaction similar to repurchase transactions. In transactions in which the Company and its Subsidiaries neither retain nor transfer substantially all the risks and rewards of the ownership of a financial asset, the Company and its Subsidiaries will derecognize the asset if they do not retain control over the assets. The rights and obligations retained in the transfer are recognized separately as assets and liabilities as appropriate. In transfers in which control over the asset is retained, the Company and its Subsidiaries will continue to recognize the asset transferred to the extent of its continuing involvement, determined by the extent to which it is exposed to changes in the value of the transferred asset. In certain transactions, the Company and its Subsidiaries retain rights to service transferred financial assets for certain fees. The transferred assets are derecognized in their entirety if they fulfil the derecognition criteria. An asset or liability is recognized for the servicing rights, depending on whether the servicing fee is more than adequate to cover servicing expenses (asset) or is less than adequate to perform the servicing (liability). The Company and its Subsidiaries write off the balance of loans which are granted, customer financing receivables, and debt securities for the purpose of investment and related allowance for impairment losses when the Company and its Subsidiaries determine that those loans which are granted, consumer financing receivables or debt securities, are uncollectible. This determination is reached after considering information such as the occurrence of significant changes in the borrower’s/issuer’s financial position such that the borrower/issuer can no longer pay the obligation, or that proceeds from collateral will not be sufficient to pay back the entire exposure. Offsetting Financial assets and liabilities are set off and the net amount is presented in the consolidated statements of financial position when, and only when, the Bank and Subsidiaries have a legal right to set off the recognized amounts and intends either to settle on a net basis or realize the asset and settle the liability simultaneously. Income and expense are presented on a net basis only when permitted by accounting standards. Amortized Acquisition Cost Measurement The amortized acquisition cost of a financial asset or liability is the amount in which the financial asset or liability is measured at initial recognition, minus principal repayments, plus or minus the cumulative amortization using the effective interest rate method of any difference between the initial amount recognized and the maturity amount, minus allowance for impairment losses.
18
Fair Value Measurement Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction on the measurement date. When available, the Company and its Subsidiaries measure the fair value of financial instrument using quoted prices in an active market for that instrument. A market is regarded as active if quoted prices are readily and regularly available, representing actual and regularly occurring market transactions on an arm’s length basis. If a market for a financial instrument is not active, the Company and its Subsidiaries is to establish fair value using a valuation technique. Valuation techniques include using recent arm’s length transactions between knowledgeable, willing parties and if available, reference to the current fair value of other instruments that are substantially the same, discounted cash flows analysis and option pricing models. The chosen valuation technique makes maximum use of market inputs, relies as little as possible on estimates specific to the Company and its Subsidiaries, incorporates all factors that market participants would consider in setting a price, and is consistent with accepted economic methodologies for pricing financial instruments. Inputs to valuation techniques reasonably reflects market expectations and measures of the risk-return factors inherent in the financial instrument. The Company and its Subsidiaries calibrate valuation techniques and tests them for validity using prices from observable current market transactions in the same instrument or based on other available observable market data. The best evidence of the fair value of a financial instrument at initial recognition is the transaction price, namely the fair value of the consideration given or received, unless the fair value of that instrument is evidenced by comparison with other observable current market transactions in the same instrument (i.e., without modification or repackaging) or based on a valuation technique whose variables include only data from observable markets. When the transaction price provides the best evidence of fair value at initial recognition, the financial instrument is initially measured at the transaction price and any difference between this price and the value initially obtained from a valuation model is subsequently recognized in the consolidated statements of income depending on individual facts and circumstances of the transaction but no later than when the valuation is supported wholly by observable market data or the transaction is closed out. Fair values reflect the credit risk of the instrument and include adjustments to be taken into account such as credit risk of the Company and its Subsidiaries and counterparty where appropriate. Estimated fair values obtained from valuation models are adjusted for any other factors, such as liquidity risk or valuation model uncertainties, to the extent that the Company and its Subsidiaries believe a third-party market participation would take them into account in pricing a transaction. Starting 1 January 2010, financial assets and long positions are measured at a bid price while financial liabilities and short positions are measured at an asking price. Where the Company and its Subsidiaries have positions with offsetting risk, mid-market prices are used to measure the offsetting risk positions and a bid or asking price adjustment is applied only to the net open position as appropriate. Prior to 1 January 2010, financial assets and liabilities as well as long and short position are measured at mid-price. (b)
Loans Extended Starting 1 January 2010, loans extended are initially measured at fair value plus incremental direct attributable transaction costs and subsequently measured at their amortized cost using the effective interest rate method. 19
Syndicated loans are stated at amortized cost in accordance with the risk borne by the Company. Included in the loans extended is Syariah financing which consists of murabahah receivables, musyarakah financing and mudharabah financing. Murabahah is an agreement for the sale and purchase of goods between the buyer and seller at the agreed cost and margin and can be done based on order or without order. Musyarakah is an agreement between investors (musyarakah partners) to combine capital in a partnership, at an agreed nisbah profit sharing arrangement based on the capital contribution. Mudharabah is a cooperation agreement between the Company as an investor (shahibul maal) and customer as a fund manager (mudharib) to run a business with pre-defined terms of nisbah (gain or loss). Prior to 1 January 2010, loans extended are stated at principal amount outstanding, net of allowance for impairment losses and unearned interest income. Loans extended are written off when there are no realistic prospects of collection or when the Company’s normal relationships with the collateralised borrowers cease to exist. When loans are deemed uncollectible, they are written-off against the related allowance for impairment losses. Subsequent recoveries of loans written-off are credited to the allowance for impairment losses in the consolidated statements of financial position. (c)
Allowance for Impairment Losses of Financial Assets Starting 1 January 2010, at each reporting date, the Company and its Subsidiaries assess whether there is objective evidence that financial assets not carried at fair value though profit or loss are impaired. Financial assets are impaired when objective evidence demonstrates that a loss event has occurred after the initial recognition of the assets and the loss event has an impact on the future cash flows on the assets that can be estimated reliably. Objective evidence that financial assets are impaired can include default or delinquency by a borrower, restructuring of a loan or advance by the Company and its Subsidiaries on terms that the Company and its Subsidiaries would not otherwise consider, indications that a borrower or issuer will enter bankruptcy, the disappearance of an active market for a security due to financial difficulties, or other observable data relating to a group of assets such as adverse changes in the payment status of borrowers or issuer in the group, or economic conditions that correlate with defaults in the group. The Company and its Subsidiaries consider evidence of impairment for financial assets at both specific and collective level. Individual impairment assessments are then performed on individually significant financial assets. All individually significant financial assets not individually impaired are then collectively assessed for any impairment that has been incurred but not yet identified. Financial assets that are not individually significant are collectively assessed for impairment by grouping together such financial assets with similar risk characteristics. In assessing collective impairment the Company and its Subsidiaries use statistical models of historical trends of the probability of default, timing of recoveries and the amount of loss incurred, adjusted for management’s judgment as to whether current economic and credit conditions are such that the actual losses are likely to be greater or less than suggested by statistical models. Default rates, loss rates and the expected timing of future recoveries are regularly benchmarked against actual outcomes to ensure that the statistical models used remain appropriate. Impairment losses on financial assets carried at amortized cost are measured as the difference between the carrying amount of the financial assets and the present value of estimated future cash flows discounted at the financial assets’ original effective interest rate. The calculation of the present value of the estimated future cash flows of a collateralised financial asset reflects the cash 20
flows that may result from foreclosure less costs for obtaining and selling the collateral, whether or not foreclosure is probable. Losses are recognized in the consolidated statements of income and reflected in an allowance account against financial assets carried at amortized cost. Interest income on the impaired financial asset continues to be recognized using the rate of interest used to discount the future cash flows for the purpose of measuring the impairment loss. When a subsequent event causes the amount of impairment loss to decrease, the impairment loss is reversed through the consolidated statements of income. Impairment losses on available for sale marketable securities are recognized by transferring the cumulative loss that has been recognized directly as other comprehensive income to profit or loss as a reclassification adjustment. The cumulative loss that is reclassified from other comprehensive income to profit or loss is the difference between the acquisition cost, net of any principal repayment and amortization, and the current fair value, less any impairment loss previously recognized in the consolidated statements of income. Changes in impairment provisions attributable to time value are reflected as a component of interest income. If, in a subsequent period, the fair value of an impaired available for sale debt security increases and the increase can be objectively related to an event occurring after the impairment loss was recognized in the consolidated statements of income, the impairment loss is reversed, with the amount of reversal recognized in the consolidated statements of income. If the terms of a loan, receivable or held to maturity security are renegotiated or otherwise modified because of financial difficulties of the borrower or issuer, impairment is measured using the original effective interest rate before the modification of terms. Prior to 1 January 2010, the Company and its Subsidiaries provided an allowance for impairment losses of value of productive assets and estimated losses from administrative account transactions (recorded as estimated loss on commitments and contingencies which constituting a portion of accrued expenses and other liabilities) based on the evaluation of collectability of each individual productive asset and off balance sheet transactions with credit risk in accordance with BI regulation on Assets Quality Rating for Commercial Banks. Starting 1 January 2010 and only applicable for syariah banking activities, the Company provides an allowance for impairment losses of productive assets and estimated losses from off balance sheet transactions (recorded as estimated loss on commitments and contingencies which constituting a portion of executed expenses and other liabilities) based on the evaluation of collectability of each individual productive asset and off-balance sheet transactions with credit risk in accordance with BI regulation on Assets Quality Rating for Commercial Banks. Productive assets include current accounts with other banks, placements with other banks and BI, marketable securities, derivative receivables, loans extended, consumer financing receivables, acceptance receivables, investments in share, off-balance sheet transactions which contain credit risk and productive assets from syariah banking activities. Management’s evaluation on the collectability of each individual productive asset and off balance sheet transaction with credit risk is based on a number of factors, including punctuality of payment of principal and or interest, current and anticipated economic condition/borrower performance, financial conditions, payment ability and other relevant factors. In accordance with BI regulation, the allowance for impairment losses on productive assets is calculated using the following guidelines: 1.
General allowance at a minimum of 1% of productive assets and off balance sheet transactions that are classified as pass.
2.
Specific allowance for productive assets and off-balance sheet transactions.
21
Minimum allowance percentage
Classification Special mention
5%
Substandard
15%
Doubtful
50%
Loss
100%
General allowance are maintained for losses that are not yet identified but can reasonably be expected to arise, based on historical experience, from the existing overall loan portfolio. Specific allowance for productive assets and off-balance sheet transactions with credit risk are classified as special mention, substandard, doubtful and loss is calculated on total loan principal after deducting the value of allowable collateral. No allowance is provided for any portion of facility backed by cash collateral. Productive assets and off-balance sheet transactions with credit risk are classified as pass and special mention in accordance with BI regulations and are considered as performing productive assets and off-balance sheet transactions which do not have performing credit risk. Whilst, productive assets and off-balance sheet transactions with credit risk are classified as substandard, doubtful, and loss and are considered as non-performing productive assets and off-balance sheet transactions. Adjustments to the allowance for impairment losses from assets are reported in the period in order for such adjustments to become known or can be reasonably estimated. These adjustments include additional allowance for impairment losses, as well as recoveries of previously written-off assets. (d)
Consumer Financing Receivables Consumer financing receivables are stated at net of joint financing, unearned consumer financing income and allowance for impairment losses. Unearned consumer financing income represents the difference between total instalments to be received from the consumer and the principal amount financed, which is recognized as income over the term of the contract based on effective interest rate of the related consumer financing receivable. Starting 1 January 2010, consumer financing receivables are classified as loans and receivables, which subsequent to initial recognition, are carried at amortized cost using the effective interest rate method. Consumer financing receivables which instalments are overdue for more than 90 days are classified as non-performing receivables and the related consumer financing income is recognized only when it is actually collected on a cash basis. Early termination of a contract is treated as a cancellation of an existing consumer financing contract and the resulting gain or loss is recognized in the current period/year consolidated statements of income.
22
(e)
Joint Financing In joint financing arrangements between Company and its Subsidiaries, the Subsidiaries have the right to set higher interest rates to the consumers than the interest rates stated in the joint financing agreement with the Company. All joint financing contracts entered by the Subsidiaries represent joint financing without recourse in which only the Subsidiaries’ financing portion of the total instalments are recorded as consumer financing receivables in the consolidated statements of financial position (net approach). Consumer financing income is presented in the consolidated statements of income after deducting the portions that belong to the other parties participating in such joint financing transactions.
(f)
Interest Income and Expense Starting 1 January 2010, interest income and expenses are recognized in the consolidated statements of income using the effective interest rate method. The effective interest rate is the rate that exactly discounts the estimated future cash payments and receipts through the expected life of the financial asset or liability (or, where appropriate, a shorter period) to the carrying amount of the financial asset or liability. When calculating the effective interest rate, the Company and its Subsidiaries estimate future cash flows considering all contractual terms of the financial instrument but not future credit losses. The calculation of effective interest rate includes transaction costs and all fees and points paid or received that are an integral part of the effective interest rate. Interest income and expenses presented in the consolidated statements of income include: •
Interest on financial assets and financial liabilities at amortized cost calculated on an effective interest rate basis;
•
Interest on available for sale financial assets calculated on an effective interest rate basis;
•
Interest on all trading assets. Interest incomes on all trading financial assets are considered to be incidental to the Company’s trading operations.
Loans which their principal and interest have been past due for 90 days or more, or where reasonable doubt exist as to the timely collection, are generally classified as impaired loans (non-performing loans in 2009). Non-performing loans in 2009 consisted of loans classified as substandard, doubtful and loss. All cash receipts from loans classified as doubtful or loss are applied as a reduction to the principal, recognised first. The excess of cash receipts over the outstanding principal is recognised as interest income in the current period consolidated statements of income. The recognition of interest income on loans and consumer financing receivables is discontinued when the loans and consumer financing receivables are classified as non-performing (substandard, doubtful and loss). Interest income from non-performing loans and consumer financing receivables is reported as contingent receivables and to be recognised as income when the cash is received (cash basis).
23
(g)
Fees and Commission Income and Expense Starting 1 January 2010, fees and commission income and expenses which are integral to the effective interest rate on a financial asset or liability shall be included in the calculation of effective interest rate. Other fees and commission income, including credit related fees, export-import related fees, syndication lead arranger fees, and services fees are recognized as the related services are rendered. Other fees and commission expense related to inter-bank transactions which are expensed as the services are received. Prior to 1 January 2010, fees and commission income and expense which are directly related to the Company’s lending activities and/or related to a certain period and the amount is significant, are recognized as unearned income/prepaid expenses and amortized by using the straight-line method over the term of the related loans. The outstanding balances of unamortized fees and commissions on loans settled prior to maturity are recognized as income at settlement.
3.
FINANCIAL ANALYSIS
3.1 Consolidated Profit and Loss Report (a)
Operational Revenues and Expenses (in millions of Rupiah) Remarks
31 March
31 December
2011
2010
2010
2009
2008
Interest revenues
3,967,638
3,440,396
14,417,745
15,682,777
14,189,334
Interest expenses
(1,359,063)
(1,046,247)
(4,509,295)
(6,220,816)
(5,834,855)
2,608,575
2,394,149
9,908,450
9,461,961
8,354,479
Net Interest Revenues
9,908,450
9,461,961 8,354,479
2,608,575
31 March 2011
2,394,149
31 March 2010
31 December 2010 31 December 2009 31 December 2008
24
For the three months ended 31 March 2011 as compared to the three months ended 31 March 2010 Net interest revenues increased 8.96%, or Rp214,426 million, to Rp2,608,575 million for the three months ended 31 March 2011 from Rp2,394,149 million for the three months ended 31 March 2010. This was primarily due to an increase in the average volume of earning assets, particularly extended loans and receivables from consumer financing which were relatively higher if compared to the increase in average overall financing. The average volume of earning assets increased 23.85% or Rp19,285,593 million from Rp80,849,489 million in March 2010 to Rp100,135,082 million in March 2011. In the meantime, average overall funding increased 22.15% or Rp16,398,208 million from Rp74,018,687 million in March 2010 to Rp90,416,895 million in March 2011. For the year ended 31 December 2010 as compared to the year ended 31 December 2009 Net interest revenues increased by 4.72%, or Rp446,489 million, from Rp9,461,961 million in 2009 to Rp9,908,450 million in 2010. This increase was primarily due to a decline in yields on productive assets being less than the decline in cost of funds in line with the decreased interest rate in Indonesia. The average cost of funds declined by 1.90%, from 7.33% in 2009 to 5.43% in 2010, while average yields of loans decreased by 1.82%, from 18.42% in 2009 to 16.60% in 2010. For the year ended 31 December 2009 as compared to the year ended 31 December 2008 Net interest revenues increased by 13.26%, or Rp1,107,482 million, from Rp8,354,479 million in 2008 to Rp9,461,961 million in 2009. This increase was mainly due to a higher increase in yields as compared to the increase in cost of funds as the Company focused on increasing higher margin assets such as consumer loans. Average yields from loans increased from 16.80% in 2008 to 18.42% in 2009, while cost of funds (COF) only increased from 6.96% in 2008 to 7.33% in 2009. •
Interest Revenues (in millions of Rupiah) Remarks
Interest from loans
31 March
31 December
2011
2010
2010
2009
2008
2,886,105
2,555,717
10,835,560
10,782,801
9,752,808
Interest from consumer financing
756,942
567,125
2,405,854
2,997,356
2,502,476
Interest from Government Bonds
103,482
205,803
674,724
1,122,854
1,235,082
Interest from marketable securities and bills receivable
181,649
65,642
232,952
554,041
498,859
39,460
46,109
268,655
225,725
200,109
3,967,638
3,440,396
14,417,745
15,682,777
14,189,334
Interest from placements in other banks and Bank Indonesia Total Interest Revenues
25
15,682,777 14,417,745
3,967,638
31 March 2011
14,189,334
3,440,396
31 March 2010
31 December 2010 31 December 2009 31 December 2008
For the three months ended 31 March 2011 as compared to the three months ended 31 March 2010 Interest revenues for the three months ended 31 March 2011 amounted to Rp3,967,638 million or 15.33% higher than that of the previous year, namely Rp3,440,396 million. This increase was primarily derived from interest revenues from extended loans, consumer financing and interest from securities and other receivables and had been net off with a decline in interest revenues from government bonds and interest from placements in other banks and in Bank Indonesia. Interest from loans extended increased 12.93%, or Rp330,388 million, to Rp2,886,105 million for the three months ended 31 March 2011 from Rp2,555,717 million for the three months ended 31 March 2010. This increase resulted from an increase in average balance of loans extended of 29.63% from Rp62,646,277 million for the three months ended 31 March 2010 to Rp81,211,744 million for the three months ended 31 March 2011. This was in line with the Company’s plan of continued growth by focusing on developing loans which yield high margins. Interest from consumer financing increased 33.47%, or Rp189,817 million to Rp756,942 million for the three months ended 31 March 2011 from Rp567,125 million for the three months ended 31 March 2010. This increase was primarily due to an increase in the average balance of receivables from consumer financing of around 97.11%, or Rp2,565,316 million, from Rp2,641,674 million for the three months ended 31 March 2010 to Rp5,206,990 million for the three months ended 31 March 2011. This was in line with the increasingly improving economy of Indonesia. Interest from securities increased by 176.73%, or Rp116,007 million, to Rp181,649 million for the three months ended 31 March 2011 from Rp65,642 million for the three months ended 31 March 2010. This increase was mainly caused by the increase of average volume of SBI ownership during 2010 and also during the first quarter of 2011 from Rp2,932,563 million for the three months ended 31 March 2010 to Rp4,592,721 million for the three months ended 31 March 2011. Interest from Government bonds decreased by 49.72%, or Rp102,321 million, to Rp103,482 million for the three months ended 31 March 2011 from Rp205,803 million for the three months ended 31 March 2010. This was mainly caused by a decline in Government bonds ownership due to sales throughout 2010. Interest from the placements in other Banks and in Bank Indonesia decreased by 14.42%, or Rp6,649 million to Rp39,460 million for the three months ended 31 March 2011 from Rp46,109 million for the three months ended 31 March 2010. This decrease was mainly caused by a decrease in the average volume of placements in other banks throughout 2010.
26
For the year ended 31 December 2010 as compared to the year ended 31 December 2009 Total interest revenues is in the amount of Rp14,417,745 million in 2010 or lower by 8.07%, from Rp15,682,777 million in the previous year. The relatively small increase in interest revenues from loans did not offset the decrease in interest revenues from Government bonds, from consumer financing and from marketable securities and bills receivable. Interest from loans increased by 0.49%, or Rp52,759 million, from Rp10,782,801 million in 2009 to Rp10,835,560 million in 2010. This was due to an increase of approximately 15% in the average balance of loans from Rp55,562 million in 2009 to Rp63,711 million in 2010. This increase is in line with the Company’s plan to continue developing by focusing on increasing the proportion of loans with higher margins. Interest from consumer financing decreased by 19.73%, or Rp591,502 million, from Rp2,997,356 million in 2009 to Rp2,405,854 million in 2010. This decrease is mainly related to the implementation of SFAS No. 55 (2006 revision), which required the amortization of expenses for the acquisition of consumer financing customers of the Subsidiaries (transaction cost) of Rp1,301,211 million netted off from interest revenues. Prior to 2010, such amortization was calculated as fees and commissions expenses. Interest from Government bonds decreased by 39.91%, or Rp448,130 million, from Rp1,122,854 million in 2009 to Rp674,724 million in 2010. This decrease was due to a decline in the ownership of Government bonds due to sales throughout 2010. Interest from securities decreased by 57.95%, or Rp321,089 million, from Rp554,041 million in 2009 to Rp232,952 million in 2010. This decline was mainly due to a decrease in the volume of ownership of Bank Indonesia Certificates throughout 2010 and the declining interest rates in Indonesia. Interest from placements in other banks and Bank Indonesia increased by 19.02%, or Rp42,930 million, from Rp225,725 million in 2009 to Rp268,655 million in 2010. This increase was mainly due to the increase in average FASBI placement volume from Rp728 million in 2009 to Rp1,532 million in 2010. For the year ended 31 December 2009 as compared to the year ended 31 December 2008 Total interest revenues increased by 10.53%, or Rp1,493,443 million, from Rp14,189,334 million in 2008 to Rp15,682,777 million in 2009. Interest from loans increased by 10.56%, or Rp1,029,993 million, from Rp9,752,808 million in 2008 to Rp10,782,801 million in 2009. This increase was due to improvements in average yields which were relatively high in 2009 compared to that in 2008.This is because the Company was focused on increasing its proportion of loans with higher margins. Interest from consumer financing increased by 19.78%, or Rp494,880 million, from Rp2,502,476 million in 2008 to Rp2,997,356 million in 2009. This increase was primarily due to an increase in consumer financing, particularly in motorcycles as well as due to expansion of the Company’s dealer relationships. Interest from government bonds declined by 9.09%, or Rp112,228 million, from Rp1,235,082 million in 2008 to Rp1,122,854 million in 2009. This was due to the decline in the ownership of government bonds due to sales throughout 2009, particularly long-term government bonds with interest rate sensitive to interest rate fluctuation.
27
Interest from securities increased by 11.06%, or Rp55,182 million, from Rp498,859 million in 2008 to Rp554,041 million in 2009. This increase was due to an increase in Bank Indonesia Certificates in 2009. •
Interest Expense (in millions of Rupiah) Remarks
31 March
31 December
2011
2010
2010
2009
2008
62,652
28,883
144,431
110,025
108,030
Interest expense from time deposits
816,634
711,530
2,871,956
4,658,611
3,916,044
Interest expense from savings
154,037
95,273
501,241
341,230
366,672
Total interest expense from 1,033,323 customer deposit and other banks
835,686
3,517,628
5,109,866
4,390,746
Interest expense from the borrowings from other banks
124,445
114,293
582,085
702,088
1,022,249
Interest expense from bonds issued
160,012
63,428
272,124
263,283
286,552
Deposit insurance guarantee expense
41,283
32,840
137,458
145,579
135,308
1,359,063
1,046,247
4,509,295
6,220,816
5,834,855
Interest expense from current accounts
Total interest expense
6,220,816 5,834,855
4,509,295
1,359,063 1,046,247
31 March 2011
31 March 2010
31 December 2010 31 December 2009 31 December 2008
For the three months ended 31 March 2011 compared to the three months ended 31 March 2010 The interest expense increased by 29.90%, or Rp312,816 million, to Rp1,359,063 million for the three months ended 31 March 2011 from Rp1,046,247 million for the three months ended 31 March 2010. This was mainly caused by the increase of the interest expense from customer’s savings and savings from other banks, bonds issued and the loans received. Interest expense of the customers’ savings and other banks savings increased by 23.65%, or Rp197,637 million to Rp1,033,323 million for the three months ended 31 March 2011 from Rp835,686 million for the three months ended 31 March 2010. This was mainly caused by the increase of average funding. 28
The average balance of the customers’ savings and other banks savings increased by 21.05%, or Rp13,885,337 million, to Rp79,857,106 million for the three months ended 31 March 2011 from Rp65,971,769 million for the three months ended 31 March 2010. In overall, this increase is in line with the Company’s plan to increase the financing from customers’ savings. Average current account balance increased by 47.30%, or Rp3,451,237 million, to Rp10,747,464 million as at March 2011 from Rp7,296,227 million as at March 2010. The savings average balance also increased by 30.68%, or Rp4,682,006 million, to Rp19,941,011 million as at March 2011 from Rp15,259,005 million as at March 2010. Average balance of time deposit increased by 13.25%, or Rp5,752,094 million, to Rp49,168,630 million as at March 2011 from Rp43,416,536 million as at March 2010. Interest expense from the issued bonds increased by 152.27%, or Rp96,584 million, to Rp160,012 million for the three months ended 31 March 2011 from Rp63,428 million for the three months ended 31 March 2010. This was caused by the issuance of new bonds of the Company and Subsidiaries in the nominal amount of Rp4.8 trillion. Interest expense from the loans received (including interest expense of subordinated loans) increased by 8.88%, or Rp10,152 million, to Rp124,445 million for the three months ended 31 March 2011 from Rp114,293 million for the three months ended 31 March 2010. This was mainly caused by the increase of new loans in the form of bankers’ acceptance and also new loan drawdown by Subsidiaries. For the year ended 31 December 2010 as compared to the year ended 31 December 2009 Total interest expense decreased by 27.51%, or Rp1,711,521 million, to Rp4,509,295 million in 2010 from Rp6,220,816 million in 2009. This was in line with the trend of declining interest rates in Indonesia in 2010. Interest expense from deposits from customer and other banks decreased by 31.16%, or Rp1,592,238 million, from Rp5,109,866 million in 2009 to Rp3,517,628 million in 2010. This decrease was due to the decrease in average funding and declining interest rates throughout 2010. The average balance of deposits from customer and deposits from other banks decreased by 3.81%, or Rp2,727,549 million, from Rp71,559,300 million in 2009 to Rp68,831,751 million in 2010. In general, this decrease was in line with the Company’s plan to reduce its proportion of high-cost funds and to focus on low-cost funds such as savings and current accounts. The average balance of time deposits decreased by 16.49%, or Rp8,499,925 million, to Rp43,058,298 million in 2010 from Rp51,558,223 million in 2009. On the contrary, the average balance of current accounts increased by 22.91%, or Rp1,556,301 million, to Rp8,350,800 million in 2010 from Rp6,794,499 million in 2009. The average balance of savings accounts increased by 31.92%, or Rp4,216,074 million, to Rp17,422,653 million in 2010 from Rp13,206,579 million in 2009. The average interest rate for deposits from customer and other banks decreased from 7.20% in 2009 to 5.16% in 2010. This decrease followed the trend of declining interest rates in Indonesia throughout 2010, particularly for time deposits. The average interest rate for time deposits decreased from an average of 9.12% in 2009 to an average of 6.76% in 2010. The average interest rate for current accounts experienced a slight increase from an average of 1.63% in 2009 to 1.81% in 2010. The interest expense from borrowings (including interest expense from subordinated debt) decreased by 17.09%, or Rp120,003 million, from Rp702,088 million in 2009 to Rp582,085 million in 2010. This decrease was due to the settlement of certain borrowings from IFC and securities resold under repurchase agreements.
29
The average balance of borrowings decreased by 8.46%, or Rp673,518 million, from Rp7,965,425 million in 2009 to Rp7,291,907 million in 2010. For the year ended 31 December 2009 as compared to the year ended 31 December 2008 Total interest expense increased by 6.61%, or Rp385,961 million, from Rp5,834,855 million in 2008 to Rp6,220,816 million in 2009. This increase was a result of the increase in average interest-bearing liabilities and increase in cost of fund. Interest expense resulting from deposits from customer and deposits from other banks increased by 16.38%, or Rp719,120 million, from Rp4,390,746 million in 2008 to Rp5,109,866 million in 2009. This increase was due to the increase in average funding and funding costs, which were triggered by intense competition with other banks in obtaining funding as other banks offering aggressive interest rates to attract customers. The average balance of deposits from customer and deposits from other banks increased by 8.13%, or Rp5,380,731 million, from Rp66,178,569 million in 2008 to Rp71,559,300 million in 2009. In general, this increase was in line with the growing business of the Company. The average balance of current accounts increased by 2.69%, or Rp177,997 million, from Rp6,616,502 million in 2008 to Rp6,794,499 million in 2009. The average balance of savings accounts increased by 11.76%, or Rp1,389,179 million, from Rp11,817,400 million in 2008 to Rp13,206,579 million in 2009. The average balance of the Company’s time deposits increased by 7.99%, or Rp3,813,557 million, from Rp47,744,666 million in 2008 to Rp51,558,223 million in 2009. The average interest rate for deposits from customer and banks deposits increased from 6.66% in 2008 to 7.20% in 2009. This increase was primarily a result of the increase in domestic interest rates due to a shortage of liquidity. The increase in the average interest rate directly affected the average interest rate for the Company’s short-term time deposits (time deposits with a maturity period of up to three months) which increased from 8.24% in 2008 to 9.12% in 2009. The average interest rate for current accounts decreased from 1.65% in 2008 to 1.63% in 2009. The average interest rate for savings accounts decreased from 3.06% in 2008 to 2.49% in 2009. The interest expense from borrowings (including interest expense from subordinated debt) decreased by 31.32%, or Rp320,161 million, to Rp702,088 million in 2009 from Rp1,022,249 million in 2008. This decrease was a result of the settlement of the USD 300 million subdebt bearing an interest rate of 7.65%. The average balance of borrowings decreased by 25.35%, or Rp2,704,959 million, from Rp10,670,384 million in 2008 to Rp7,965,425 million in 2009. (b)
Consolidated Income and Other Operating Expenses (in millions of Rupiah) Remarks
31 March
31 December
2011
2010
2010
2009
2008
Fees and commissions income
300,667
283,316
1,204,966
1,158,700
1,154,894
Fees
576,621
405,794
2,125,035
1,426,624
1,554,327
(Losses)/gains from changes in fair value of financial instruments
(34,661)
1,687
(12,929)
68,572
(90,606)
Realized gains/(losses) on derivative instruments
(32,199)
52,864
20,339
326,835
17,621
Other operating income
30
(in millions of Rupiah) Remarks
31 March 2011
(Expenses)/income from foreign currency transactions
2010
(37,785)
2009
1,215
2008
(142,427)
99,243
—
—
2,140
3,241
12,158
14,764
242,178
41,414
808
—
891
—
—
889,768
720,640
3,583,835
2,882,959
2,560,220
(Losses)/gains from sale of marketable securities and Government Bonds — net Others Total other operating income
2010
66,374
Dividend income
31 December
1,357 (176,616)
Other operating expenses Fees and commissions expense General and administrative expenses Salaries and employee benefits Allowance for possible losses on depreciation
(55,272)
(81,055)
(329,431)
(1,246,693)
(1,006,623)
(692,492)
(582,555)
(2,545,376)
(2,465,669)
(2,267,604)
(1,015,920)
(845,315)
(3,838,754)
(3,003,000)
(3,058,580)
(505,934)
(511,343)
(2,134,124)
(2,842,055)
(1,777,204)
(4)
(4,889)
Recovery of/(additional) allowance for estimated losses on commitments and contingencies Others Total other operating expenses
•
—
7,734
15,715
(112,656)
(72,342)
(387,532)
(229,935)
(317,875)
(2,382,274)
(2,084,878)
(9,235,221)
(9,791,651)
(8,412,171)
Other operating income 3,583,835
2,882,959 2,560,220
889,768
31 March 2011
720,640
31 March 2010
31 December 2010 31 December 2009 31 December 2008
For the three months ended 31 March 2011 compared to the three months ended 31 March 2010 Other operating income increased by 23.47% or Rp169,128 million to become Rp889,768 million for the three months ended in 31 March 2011 from Rp720,640 million for the three months ended 31 March 2010. This increase resulted mainly from the profit of foreign exchange transactions in line with the appreciation of Rupiah against United States Dollar and the service fee. Meanwhile, the increases of service fees were in line with increase of new loans recorded in the Company’s Subsidiaries. 31
For the year ended 31 December 2010 as compared to the year ended 31 December 2009 Other operating income in 2010 increased by 24.31%, or Rp700,876 million from Rp2,882,959 million in 2009, to Rp3,583,835 million in 2010. This increase resulted, in particular, from the gains on sale of marketable securities and government bonds as well as fees. The increase in gains on sale of government bonds was due to an increase in the sales of government bonds, particularly those with long-term tenures, and the increase in the price of government bonds due to the increase in demand. The increase in fees was in line with the increase in new loans recorded in the Subsidiaries’ book. For the year ended 31 December 2009 as compared to the year ended 31 December 2008 Other operating income in 2009 increased by 12.61%, or Rp322,739 million, from Rp2,560,220 million in 2008 to Rp2,882,959 million in 2009. This increase was mainly due to the gains on sale of marketable securities and government bonds, realized gains from derivative transactions, and gains from changes in fair value of financial instruments. •
Other Operating Expenses 9,791,651 9,235,221 8,412,171
2,382,274
31 March 2011
2,084,876
31 March 2010
31 December 2010 31 December 2009 31 December 2008
For the three months ended 31 March 2011 compared to the three months ended 31 March 2010 Other operating expenses have increased by 14.26% or Rp297,398 million to become Rp2,382,274 million for the three months ended 31 March 2011 from Rp2,084,876 million for the three months ended 31 March 2010. This increase mainly resulted from the increase of manpower expenses in line with the addition of employees during 2010 and the first quarter of 2011, and also, the allowance for long term compensation expenses for senior employees. In addition, this increase was also due to the general expenses and administration in relation to promotions and addition of branch/network. For the year ended 31 December 2010 as compared to the year ended 31 December 2009 Other operating expenses decreased by 5.68%, or Rp556,430 million, from Rp9,791,651 million in 2009 to Rp9,235,221 million in 2010. The decreased was mainly resulted from the implementation of SFAS No. 55 (2006 Revision), which required the amortization of the expenses for the acquisition of consumer financing customers of the Subsidiaries of Rp1,301,211 million to be netted off from interest income. Prior to 2010, the amortization was recorded as fees and commissions expense.
32
For the year ended 31 December 2009 as compared to the year ended 31 December 2008 Other operating expenses increased by 16.40%, or Rp1,379,480 million, from Rp8,412,171 million in 2008 to Rp9,791,651 million in 2009. This was due to an increase in allowance for impairment losses of loans and asset impairments on productive assets, as a result of the declining credit quality related to the global financial crisis, and the increase in commissions given to dealers. (c)
Consolidated Net Profit (in millions of Rupiah) Remarks
31 March
Net operating income Non-operating income/(expenses), net Income before tax Income tax expenses Net profit
31 December
2011
2010
2010
2009
2008
1,210,992
1,108,344
4,630,064
2,849,271
2,747,608
(151,114)
(122,706)
1,059,878
985,638
(271,051)(262,551) (1,017,770) 788,827
723,087
(628,533) 4,001,531 (756,838) 2,983,761
(478,711) 2,370,560
(69,771) 2,677,837
(875,833) 1,613,722
1,802,004
2,983,761
1,802,004 1,613,722
788,827
31 March 2011
723,087
31 March 2010
31 December 2010 31 December 2009 31 December 2008
For the three months ended 31 March 2011 as compared to the three months ended 31 March 2010 The consolidated net profit increased by 9.09%, or Rp65,740 million, to Rp788,827 million for the three months ended 31 March 2011 from Rp723,087 million for the three months ended 31 March 2010. This increase was due to the increase of net interest profit by 8.96%, or Rp214,426 million as a result of the average increase of productive asset volume particularly loans granted and the consumer finance receivables, increase of other operating income by 23.47% or Rp169,128 million resulted from the foreign exchange transaction profit, in line with the appreciation of Rupiah and the service fees, offset by the increase of other operational expenses by 14.26% or Rp297,398 million due to the addition of employees, allowance for long term compensation expenses and the promotion expenses and the addition of new networks.
33
For the year ended 31 December 2010 as compared to the year ended 31 December 2009 Consolidated net profit in 2010 increased by 84.90%, or Rp1,370,039 million, from Rp1,613,722 million in 2009 to Rp2,983,761 million in 2010. This was mainly due to the increase in net interest income of 4.72% as a result of a decline in cost of funds that was greater than the decline in yields on interest income from earnings assets for 2010. In addition to that, it was also cause by the increase in other operating income of 24.31%, derived from fees received from Subsidiaries’ customers along with the decrease of other operating expenses, fees and commission expenses due to the implementation of SFAS No. 55 (2006 revision). For the year ended 31 December 2009 as compared to the year ended 31 December 2008 Consolidated net profit in 2009 decreased by 10.45%, or Rp188,282 million, from Rp1,802,004 million in 2008 to Rp1,613,722 million in 2009. This was due to an increase in net interest income of 13.26% and other operating income of 12.60%, in line with the growth of consumer financing, and the increase in other operating expenses of 16.24%, due to the increase in allowance for impairment losses. 3.2 Consolidated Assets, Liabilities and Equity (a)
Consolidated Assets The following table presents the breakdown of consolidated assets of the Company and its Subsidiaries as of 31 March 2011 and 31 December 2010, 2009 and 2008: (in millions of Rupiah) Remarks
31 March 2011
Cash Current accounts with Bank Indonesia Current accounts with other banks — net Placement with other banks and Bank Indonesia — net Securities — net Derivative receivables — net Loans — net Consumer financing receivables — net Premium receivables — net Acceptance receivables — net Government bonds Prepaid tax Investment in shares — net Intangible assets — net Fixed assets — net Deferred tax assets — net Prepayment and other assets — net Total Assets
31 December 2010
2009
2008
1,328,346 5,864,250 1,085,013 10,417,692
1,985,338 5,274,888 1,658,426 9,257,137
2,117,368 3,820,180 1,907,506 4,189,435
4,161,520 2,820,413 3,606,269 3,488,786
5,758,610 206,038 76,376,557 6,935,814 76,703 885,805 5,612,754 81,741 12,175 1,540,943 1,744,978 903,371 3,973,345
5,323,969 189,545 73,268,325 6,663,061 62,017 759,124 6,138,340 — 12,175 1,576,096 1,771,489 950,784 3,315,859
4,431,548 322,103 58,367,570 2,654,674 28,856 1,109,287 11,010,829 — 64,419 1,534,668 1,549,504 980,280 4,509,726
4,137,089 1,751,416 63,410,474 1,876,712 22,283 856,599 13,083,338 — 12,053 515,958 1,639,517 850,038 5,035,898
122,804,135
118,206,573
98,597,953
107,268,363
34
122,804,135
118,205,573 107,268,363 98,597,953
31 March 2011
31 December 2010 31 December 2009 31 December 2008
For the three months ended 31 March 2011 as compared to the year ended 31 December 2010 Total consolidated assets as of 31 March 2011 amounted to Rp122,804,135 million increased by 3.89%, or Rp4,597,562 million, from Rp118,206,573 million as of 31 December 2010. This increase mainly resulted from the increase in net loans extended of Rp3,108,232 million or 4.24% compared to that on 31 December 2010. The increase was in line with the Company’s plan to encourage credit growth in every line of business, as well as the improving economic conditions in Indonesia in 2011. For the year ended 31 December 2010 as compared to the year ended 31 December 2009 Total consolidated assets as of 31 December 2010 amounted to Rp118,206,573 million increased by 19.89%, or Rp19,608,620 million, from Rp98,597,953 million in 2009. The increase in total assets mainly resulted from the increase in loans extended of Rp14,900,755 million, due to the growth of loans in every line of business and the increase in consumer financing receivables of Rp4,008,387 million in line with the increased motor vehicles financing in 2010. The increase in total assets was also caused by the temporary placement of funds acquired from the bond issuance in the end of 2010 at other banks and Bank Indonesia, i.e. FASBI. For the year ended 31 December 2009 as compared to the year ended 31 December 2008 Total consolidated assets as of 31 December 2009 amounted to Rp98,597,953 million decreased by 8.08%, or Rp8,670,410 million, from Rp107,268,363 million on 31 December 2008. The main driver was the reduction in loans due to decrease in loans extended because of conservative credit policy in relation to uncertainties of the global crisis. •
Liquid Assets Liquid assets are intended to fulfil commitments to customers and other parties, as well as for cash needs (transactions through ATMs), repayment of third party funds, extension of credits and for other liquidity needs. The Company’s liquid assets consist of cash, current account with Bank Indonesia, current accounts with other bank, placements with other banks and Bank Indonesia with maturity of up to three months as of the acquisition dates, marketable securities both for trading and available for sale, and Government Bonds both for trading and available for sale.
35
(in millions of Rupiah) Remarks
Rupiah
31 March
31 December
2011
2010
2009
2008
25,943,717
25,926,207
19,070,987
21,731,891
Foreign currencies
2,261,840
2,369,275
4,661,845
5,849,570
Total liquid assets
28,205,557
28,295,482
23,732,832
27,581,461
For the three months ended 31 March 2011 as compared to the year ended 31 December 2010 The Company’s total liquid assets as of 31 March 2011 amounted to Rp28,205,557 million decreased by 0.32% or Rp89,925 million, compared to Rp28,295,482 million as at 31 December 2010. This decrease was caused by the decrease of government bonds due to sale during 2011 balanced with the increase of placement in Bank Indonesia particularly FASBI. For the year ended 31 December 2010 as compared to the year ended 31 December 2009 The total liquid assets increased by 19.23%, or Rp4,562,650 million to become Rp28,295,482 million as of 31 December 2010 from Rp23,732,832 million as of 31 December 2009. Such increase of liquid assets was caused by increase placements with other banks and Bank Indonesia, particularly in FASBI, in relation to the liquidity from the proceeds of bond issuance in the last quarter of 2010. For the year ended 31 December 2009 as compared to the year ended 31 December 2008 The Company’s total liquid assets as of 31 December 2009 amounted to Rp23,732,832 million decreased by 13.95%, or Rp3,848,629 million, from Rp27,581,461 million as of 31 December 2008. This decrease resulted from a decrease in cash and cash equivalents •
Earning Assets Earning assets consist of current accounts with other banks, placement with other banks and Bank Indonesia, marketable securities, securities purchased under resale agreements, derivative receivables, loans, consumer financing receivables, acceptance receivables, Government Bonds, investment in shares and off balance sheet administrative accounts. (in millions of Rupiah) Remarks
Current accounts with other banks — net Placement with other banks and Bank Indonesia — net Marketable securities — net Derivative receivables — net Loans — net Consumer financing receivables — net Acceptance receivables — net Government Bonds Investment in shares — net
31 March
31 December
2011
2010
2009
2008
1,085,013
1,658,426
1,907,506
3,606,269
10,417,692
9,257,137
4,189,435
3,488,786
5,758,610
5,323,969
4,431,548
4,137,089
206,038
189,545
322,103
1,751,416
76,376,557
73,268,325
58,367,570
63,410,474
6,935,814
6,663,061
2,654,674
1,876,712
885,805
759,124
1,109,287
856,599
5,612,754
6,138,340
11,010,829
13,083,338
12,175
12,175
64,419
12,053
36
(in millions of Rupiah) Remarks
31 March 2011
Administrative accounts Total earning assets
31 December 2010
2009
2008
3,175,357
3,493,209
3,310,039
2,757,586
110,465,815
106,763,311
87,367,410
94,980,322
For the three months ended 31 March 2011 as compared to the year ended 31 December 2010 The Company’s total consolidated earning assets increased by 3.47%, or Rp3,702,504 million, from Rp106,763,311 million as of 31 December 2010 to Rp110,465,815 million as of 31 March 2011. This increase mainly resulted from the increase in loans which is in line with the Company’s plan to encourage credit growth in every line of business. For the year ended 31 December 2010 as compared to the year ended 31 December 2009 The Company’s total consolidated earning assets increased by 22.20%, or Rp19,395,901 million to Rp106,763,311 million as of 31 December 2010 from Rp87,367,410 million as of 31 December 2009. This increase in total consolidated earning assets mainly resulted from the increase in loans due to the expansion of loans in every line of business and the growth in consumer financing receivables from in line with the increase of motor vehicles financing in 2010. The increase in total assets was also driven by the bond issuance in at the last quarter end of 2010 whereby the net proceeds were invested in placements with other banks and Bank Indonesia, particularly from the placement of FASBI. For the year ended 31 December 2009 as compared to the year ended 31 December 2008 The Company’s total consolidated earning assets decreased by 8.02%, or Rp7,612,912 million to become Rp87,367,410 million as of 31 December 2009 from 94,980,322 million as of 31 December 2008. The main driver was the reduction in loans due to the Company’s conservative credit policy implemented to manage the uncertainties of the global financial crisis. As of 31 December 2009, loans and consumer financing receivables represented 69.85% of the total earning assets, government bonds 12.60% and marketable securities 5.07%. Gross Loans Based on Economic Sector Gross loans based on the economic sectors as defined in accordance with Bank Indonesia Regulation (“PBI”) No. 10/40/PBI/2008 on Commercial Bank Reports as amended by PBI No. 11/18/PBI/2009 on the Amendment of Bank Indonesia Regulation No. 10/40/PBI/2008 on Commercial Bank Reports, namely: (in millions of Rupiah) Remarks
31 March 2011
31 December 2010
Agriculture, hunting and forestry
1,122,456
1,006,264
211,452
162,167
Mining and quarrying
1,680,982
1,439,995
Manufacturing
9,760,409
7,996,695
Fishery
37
(in millions of Rupiah) Remarks
31 March 2011
Electricity, gas and water
31 December 2010
22,041
23,199
694,906
616,311
21,176,978
22,911,454
Accommodation, food and beverage services
1,210,100
1,107,415
Transport, warehousing and communications
2,412,378
2,435,566
Financial Intermediaries
2,602,704
2,652,655
Real Estate, leasing services and servicing companies
4,469,282
3,794,257
3,518
5,014
38,458
42,216
262,800
257,729
1,288,765
1,271,552
37,904
43,490
30,072,031
28,441,339
1,733,198
1,566,204
78,800,362
75,773,522
Construction Wholesale and retail trade
Government administration, defence and compulsory social security Educational services Health and social services Public services, services in social, culture, recreation and other individual services Individual services to households Household Others Total loans — gross
The presentations of gross loans based on economic sector as of 31 December 2009 and 2008 complied with PBI No. 2/21/PBI/2000. (in millions of Rupiah) Remarks
31 December 2009
2008
18,283,600
17,846,746
7,327,868
9,615,062
16,509
50,542
Agriculture, farming and agriculture facilities
1,181,551
948,633
Business services
7,324,026
8,664,241
586,107
533,885
Transport, warehousing and communications
1,797,902
1,632,541
Mining
1,303,385
2,173,303
664,227
938,943
Others
22,094,100
22,579,226
Total loans — gross
60,579,275
64,983,122
Trading, restaurant and hotel Manufacturing Electricity, gas and water
Social/public services
Construction
As of 31 March 2011 and 31 December 2010 respectively, the contributions of each sector to total gross loans were as follows: household (38.16% and 37.53%), wholesale (26.87% and 30.24%), and manufacturing (12.39% and 10.55%).
38
As of 31 December 2009 and 2008 respectively, the contributions of each sector to total gross loans were as follows: trade, restaurant and hotel (30.18% and 27.46%), manufacturing (12.10% and 14.80%) and business services (12.09% and 13.33%). For the three months ended 31 March 2011 as compared to the year ended 31 December 2010 Total gross loans increased by 3.99%, or Rp3,026,840 million, from Rp75,773,522 million as of 31 December 2010 to Rp78,800,362 million as of 31 March 2011. This increase resulted by the increase in households loan sector mainly in the mass market and automotive financing segments. For the year ended 31 December 2010 as compared to the year ended 31 December 2009 Total gross loans also increased by 25.08%, or Rp15,194,247 million, from Rp60,579,275 million as of 31 December 2009 to Rp75,773,522 million as of 31 December 2010. The increase was in line with the Company’s business development in terms of increase in credit extension, especially to the mass market and mining segments. Household and trade represented the largest sectors in the Company’s loan portfolio in 2010, contributing 37.53% and 30.24%, respectively. For the year ended 31 December 2009 as compared to the year ended 31 December 2008 Total gross loans decreased by 6.78%, or Rp4,403,847 million, from Rp64,983,122 million as of 31 December 2008 to Rp60,579,275 million as of 31 December 2009. This decrease was a result of the Company’s conservative credit policy implemented to manage the uncertainties of the global financial crisis, especially in the wholesale and commercial segments. •
Loan Quality Collectability (in millions of Rupiah) Remarks
31 March
31 December
2011 Rp Current Special mention
2010 %
68,433,043 7,778,967
Rp
86.84 65,979,435 9.87
7,347,080
2009 %
Rp
87.07
52,117,991
9.70
5,659,342
2008 %
Rp
%
86.03 58,050,973 9.33
89.33
5,398,107
8.31
Substandard
644,947
0.82
561,004
0.74
977,637
1.62
483,996
0.74
Doubtful
962,392
1.23
954,869
1.26
851,134
1.40
339,294
0.52
Loss
981,013
1.24
931,134
1.23
973,171
1.62
710,752
1.10
100.00 64,983,122
100.00
Total loans — gross
78,800,362
100.00 75,773,522
—
—
100.00 60,579,275
Deducted by: Deferred interest income
(84)
(84)
Allowance for possible losses
(2,423,805)
(2,505,197)
(2,211,621)
(1,572,564)
Total loans — net
76,376,557
73,268,325
58,367,570
63,410,474
39
For the three months ended 31 March 2011 as compared to the year ended 31 December 2010 The gross non-performing loan (NPL) ratio experienced a slight increase of 0.05% from 3.25% as of 31 December 2010 to 3.30% as of 31 March 2011. This increase reflects the increasing credit risks inherent in lending to the mass market and small and medium enterprise sectors. The net non-performing loan (NPL) ratio increased by 0.22% from 0.00% as of 31 December 2010 to 0.22% as of 31 March 2011 This increase reflects the increasing credit risks inherent in lending to the mass market and small and medium enterprise sectors. For the year ended 31 December 2010 as compared to the year ended 31 December 2009 The gross NPL ratio decreased by 1.39% from 4.64% as of 31 December 2009 to 3.25% as of 31 December 2010, resulting from the improving economic conditions in Indonesia in 2010. The net NPL ratio remains at 0.00% as of 31 December 2009 and 31 December 2010. This indicated that allowance established for decrease in value had exceeded the total non-performing loan in 2009 and 2010. The calculation of this ratio was in line with the new BI circular letter. For the year ended 31 December 2009 as compared to the year ended 31 December 2008 The gross NPL ratio increased by 2.28% from 2.36% as of 31 December 2008 to 4.64% as of 31 December 2009 due to the declining economic conditions in Indonesia in 2009 as a result of the global financial crisis. The net NPL ratio decreased by 1.18% from 1.18% as of 31 December 2008 to 0.00% as of 31 December 2009 due to the application of new BI circular for the calculation of net NPL. •
Loans by Type of Credit (in millions of Rupiah) Remarks
31 March
31 December
2011
2010
2009
2008
Consumption
31,743,319
29,950,421
21,672,171
21,959,346
Working capital
32,105,639
32,127,185
26,388,838
30,473,378
Investment
14,054,369
12,529,529
11,803,234
10,798,760
883,821
1,155,477
710,364
1,738,915
13,214
10,910
4,688
12,723
78,800,362
75,773,522
60,579,275
64,983,122
Export Loans to commissioners and key management Total loans — gross
In terms of loan composition, working capital facilities represented the largest proportion of gross loans at 40.74%, 42.40%, 43.56% and 46.89% of the loan portfolio as of 31 March 2011 and 31 December 2010, 2009, and 2008, respectively. Consumption facilities are the second largest category, representing 40.28%, 39.53%, 35.77% and 33.79% of the loan portfolio as of 31 March 2011 and 31 December 2010, 2009, and 2008, respectively.
40
(a)
Consolidated Liabilities The following table displays the composition of consolidated liabilities of the Company and its Subsidiaries as of 31 March 2011 and 31 December 2010, 2009, and 2008: (in millions of Rupiah) Remarks
31 March
Deposits from customers
31 December
2011
2010
2009
2008
80,685,103
79,642,803
67,216,228
73,969,078
Deposits from other banks
2,324,937
1,937,479
1,437,814
1,470,781
Securities sold under repurchase agreements
2,790,276
2,790,127
3,754,370
4,914,104
Deferred premium income
662,431
621,731
415,223
386,541
Unearned premium reserve
346,173
322,344
259,146
227,114
Acceptance payables
887,004
759,124
1,170,870
907,459
Bonds issued
6,302,358
6,300,464
2,050,855
2,234,043
Borrowings
4,200,020
2,481,832
2,393,561
2,543,620
96,689
183,020
192,041
362,840
Derivative payables
256,071
204,259
327,836
2,485,908
Deferred tax liabilities, net
348,535
302,802
218,984
213,278
5,084,223
3,551,560
2,759,039
2,647,768
500,000
500,000
500,000
3,769,564
104,483,820
99,597,545
82,695,967
96,159,098
Taxes payable
Accruals and other liabilities Subordinated debts Total Liabilities
104,483,820 99,597,545
96,159,098 82,695,967
31 March 2011
31 December 2010 31 December 2009 31 December 2008
41
For the three months ended 31 March 2011 as compared to the year ended 31 December 2010 Total consolidated liabilities increased by 4.91%, or Rp4,886,275 million, from Rp99,597,545 million as of 31 December 2010 to Rp104,483,820 million as of 31 March 2011. This is primarily driven by the increase of Rp1,429,758 million in deposits from other banks and customers, the increase in borrowings of Rp1,718,188 million is mainly from two new facilities from other banks and bankers’ acceptance, and the increase in accruals and other liabilities of Rp1,532,663 million, driven by an increase in dividends payable. Deposits from customers and other banks increased by 1.75%, or Rp1,429,758 million, from Rp81,580,282 million as of 31 December 2010 to Rp83,010,040 million as of 31 March 2011 due to the growth in time deposit transactions as part of the Company’s plan to improve its the Company’s liquidity. Borrowings increased by 69.23%, or Rp1,718,188 million, from Rp2,481,832 million as of 31 December 2010 to Rp4,200,020 million as of 31 March 2011. The increase was mainly due to additional borrowings by the Subsidiaries amounting to Rp1,000,000 million and the withdrawal of borrowings of bankers’ acceptance amounting to Rp622,813 million. For the year ended 31 December 2010 as compared to the year ended 31 December 2009 Total consolidated liabilities increased by 20.44%, or Rp16,901,578 million, from Rp82,695,967 million as of 31 December 2009 to Rp99,597,545 million as of 31 December 2010, primarily driven by the increase in deposits from customers and bonds issuances. Deposits from customers increased by 18.49%, or Rp12,426,575 million, from Rp67,216,228 million as of 31 December 2009 to Rp79,642,803 million as of 31 December 2010. This increase can be attributed to the Company’s strategy to strengthen its funding base through rebranding, promotion and enhancement of its ATM network infrastructure. Bonds issued increased by Rp4,249,609 million or 207.21% from Rp2,050,855 million as of 31 December 2009 to Rp6,300,464 million as of 31 December 2010 due to the bond issuance by the Company as well as its Subsidiaries. The Company and its Subsidiaries issued new bonds with a par value of Rp2,800,000 million and Rp2,000,000 million respectively. For the year ended 31 December 2009 as compared to the year ended 31 December 2008 Total consolidated liabilities decreased by 14.00%, or Rp13,463,131 million, from Rp96,159,098 million as of 31 December 2008 to Rp82,695,967 million as of 31 December 2009. This is mainly due to the decrease in deposits from customers, decrease in time deposits as a result of the Company’s policy to reduce financing with high interest rates, derivative payables and decrease in subordinated debt. Deposits from customers decreased by 9.13%, or Rp6,752,850 million, from Rp73,969,078 million in 2008 to Rp67,216,228 million in 2009 as a result of the management’s strategy to reduce high interest rates funding. Decrease in derivative payables of approximately Rp2,158,702 million was mainly due to the strengthening of the Rupiah against the United States Dollar, as well as a decrease in derivative exposures. The decrease in subordinated debt was due to the repayment in March 2009 of US$300 million.
42
A breakdown of deposits from customers is presented below: (in millions of Rupiah) Remarks
31 March 2011
31 December 2010
2009
2008
Rupiah: Current accounts
5,445,522
6,776,693
4,675,015
4,678,786
Savings
18,358,729
19,036,920
13,799,820
11,937,669
Time deposits
48,033,169
45,149,018
40,727,826
47,051,397
3,138,698
3,285,810
2,183,230
2,215,236
Savings
2,579,514
2,360,599
1,564,348
909,724
Time deposits
3,129,471
3,033,763
4,265,989
7,176,266
Foreign currencies: Current accounts
Total deposits from customers: Current accounts
•
8,584,220
10,062,503
6,858,245
6,894,022
Savings
20,938,243
21,397,519
15,364,168
12,847,393
Time deposits
51,162,640
48,182,781
44,993,815
54,227,663
Total
80,685,103
79,642,803
67,216,228
73,969,078
Current Accounts As of 31 December 2011, current accounts were Rp8,584,220 million, decreasing by Rp1,478,283 million or 14.69% compared to 31 December 2010 of Rp10,062,503 million. This is mainly due to the shift of funds from current accounts to time deposits yielding higher interest rates. As of 31 December 2010, current accounts were Rp10,062,503 million, increasing by Rp3,204,258 million or 46.72%, compared to Rp6,858,245 million as of 31 December 2009. This growth was in line with the Company’s plan to focus on low-cost funds such as current accounts. As of 31 December 2009, current accounts were Rp6,858,245 million, decreasing by Rp35,777 million or 0.52%, compared to Rp6,894,022 million as at 31 December 2008. This is due to the decrease in equivalent values of current accounts denominated in foreign currency as a result of the strengthening of the Rupiah exchange rate. The average interest rate for the three months ended 31 March 2011 was 3.12%, and for the years ended 31 December 2010, 2009 and 2008, the average interest rates for current accounts in Rupiah were 2.40%, 2.00% and 1.97%, respectively, while the interest rates for current accounts in foreign currencies were 0.42%, 0.39%, 0.83% and 1.05% respectively.
•
Savings Accounts As of 31 March 2011, savings accounts were Rp20,938,243 million, decreasing by Rp459,276 million or 2.15%, compared to Rp21,397,519 million as of 31 December 2010. This is mainly due to the shift of funds from savings accounts to time deposits yielding higher interest rates. As of 31 December 2010 savings accounts were Rp21,397,519 million, increasing by or Rp6,033,351 million or 39.27%, compared to Rp15,364,168 million as of 31 December 2009. This was primarily driven by the continuing growth in the retail banking business and was in line with the Company’s policy to increase low-cost customers’ deposits, such as savings.
43
As of 31 December 2009 savings accounts were Rp15,364,168 million, increasing by Rp2,516,775 million or 19.59%, compared to Rp12,847,393 million as of 31 December 2008. This increase is due to the continuing growth in the retail banking business and was in line with the Company’s policy to increase low-cost customers’ deposits, such as savings. The average interest rate for the three months ended 31 March 2011 was 3.45%, and for the years ended on 31 December 2010, 2009 and 2008, was 3.11%, 2.63% and 3.21%, respectively. The interest rate for savings accounts denominated in foreign currencies for the three months ended 31 March 2011 was 0.46%, and for the years ending on 31 December 2010, 2009 and 2008, was 0.62%, 1.08% and 1.13%, respectively. Prior to May 2008, foreign currency customer savings accounts were not allowed under Bank Indonesia regulations. •
Time Deposits As of 31 March 2011, time deposits were Rp51,162,640 million, increasing by Rp2,979,859 million or 6.18%, compared to Rp48,182,781 million as of 31 December 2010. This increase was mainly due to the shift of funds from current and savings accounts to time deposits with higher interest rates. As of 31 December 2010, time deposits were Rp48,182,781 million, increasing by Rp3,188,966 million or 7.09%, compared to Rp44,993,815 million as of 31 December 2009. This increase was mainly due to the continuing growth in the retail banking business and was in line with the Company’s plan to strengthen its funding base through rebranding, promotion and strengthening of its ATM network infrastructure. As of 31 December 2009, time deposits were Rp44,993,815 million, decreasing by Rp9,233,848 million or 17.03%, compared to Rp54,227,663 million as of 31 December 2008. This decrease was in line with the Company’s policy to reduce customers’ deposits with high interest rates, as well as the Company’s improving liquidity position due to the issuance of new shares through Limited Public Offering with Pre-emptive Rights (Rights Issue) IV in 2009. The average interest rates for the three months ended 31 March 2011 and for the years ending on 31 December 2010, 2009 and 2008 for time deposits in Rupiah, were 7.37%, 7.20%, 9.88% and 9.20%, respectively. The interest rates for time deposits in foreign currencies were 0.93%, 0.88%, 3.56% and 3.21% respectively for the same periods.
(b)
Consolidated Equity (in millions of Rupiah) Remarks
31 March
31 December
2011
2010
2009
2008
Issued and fully paid-up capital
5,317,722
5,317,363
5,303,992
3,631,865
Additional paid-up capital
3,048,214
3,046,452
2,964,113
675,000
189
189
189
189
162,680
133,844
118,520
103,220
8,209
78,136
(322,697)
(820,619)
9,598,415
9,873,803
7,741,634
6,989,413
18,135,429
18,449,787
15,805,751
10,579,068
184,886
159,241
96,235
530,197
Total Consolidated Shareholders’ Equity 18,320,315
18,609,028
15,901,986
11,109,265
Other paid-up capital General and legal reserve Other equity components Retained Earnings
Non-controlling interest
44
18,320,315
18,609,028 15,901,986
11,109,265
31 March 2011
31 December 2010 31 December 2009 31 December 2008
For the three months ended 31 March 2011 as compared to the year ended 31 December 2010 The Company’s consolidated equity decreased by Rp288,713 million or 1.55% from Rp18,609,208 million as of 31 December 2010 to Rp18,320,315 million as of 31 March 2011 due to the decrease in the Company’s retained earnings of Rp275,388 million as a result of the payment of cash dividends associated with fiscal year 2010 of Rp1,009,213 million and retained profits during the first quarter of 2011 of Rp788,827 million. For the year ended 31 December 2010 compared to the year ended 31 December 2009 The Company’s consolidated equity increased by Rp2,707,042 million or 17.02% from Rp15,901,986 million as of 31 December 2009 to Rp18,609,028 million as of 31 December 2010. This was mainly due to the increase in retained earnings, derived from profits in 2010 of Rp2,983,761 million net of dividends associated with fiscal year 2009 of Rp766,300 million, and an increase in unrealized gains on marketable securities and available for sale Government Bonds of Rp400,833 million. For the year ended 31 December 2009 compared to the year ended 31 December 2008 The Company’s consolidated equity increased by 43.14% from Rp11,109,265 million as of 31 December 2008 to Rp15,901,986 million as of 31 December 2009, primarily due to the Limited Public Offering with Pre-emptive Rights (Rights Issue) IV in the amount of Rp3,895,130 million and an increase in the Company’s retained earnings of Rp752,221 million.
45
4.
Sound Banking Principles (in%) Remarks
31 March
31 December
2011
2010
2009
2008
1. Capital Adequacy Ratio (CAR) with calculation of risk and operational risks *
12.14
13.33
17.72
13.99
2. CAR with calculation of credit, market and operational* risks
12.05
13.25
17.55
13.37
3. Fixed assets to total capital
14.59
15.06
19.30
24.38
1. Non-Performing Assets
2.60
3.26
3.91
1.73
2. Allowance for possible losses on earning assets
2.49
2.82
3.68
2.80
I. Capital
II Earning Assets
3. Non-Performing Loans (NPL) — gross
3.30
3.25
4.64
2.36
4. Non-Performing Loans (NPL) — net
0.22
0.00
0.00
1.18
5. Allowance for possible losses on total credit
3.08
3.31
3.65
2.42
101.27
118.73
136.29
150.08
6. Fulfilment of allowance for possible losses on earning assets III Earnings 1. ROA(1)
3.08
3.34
1.78
2.01
2. ROE(1)
17.59
18.52
11.23
14.64
7.94
8.97
7.81
8.15
76.72
74.93
86.46
85.77
94.86
93.82
88.76
86.42
3. NIM, including insurance premium 4. Operating expenses to operating income IV Liquidity 1. Loan to Deposit Ratio (LDR)
(a)
(1)
ROA and ROE are calculated based on the methodology determined by Bank Indonesia, in which ROA is calculated based on the net profit divided by the average earning assets, ROE is calculated based on the net profit divided by the average core capital
*
Operational risks was effective since 2010
Capital Adequacy Requirements The Company is subject to the capital adequacy requirements of Bank Indonesia, which are primarily based on the capital adequacy accord reached by the BASEL Committee of the Bank of International Settlements in 1988. In September 2008, Bank Indonesia issued new regulation No. 10/15/PBI/2008 regarding “Capital Adequacy Ratio (“CAR”) of Commercial Bank” which determines CAR requirements for the Bank and Consolidated Subsidiaries, effective since 1 January 2009; except for CAR with operational risk, it was postponed until 2010 and to be gradually implemented based on Circular Letter of Bank Indonesia No.11/3/DPNP dated 27 January 2009. The table below presents the Company’s capital adequacy ratio calculated in accordance with Bank Indonesia Regulations as of 31 March 2011 and 31 December 2010, 2009, and 2008:
46
(in millions of Rupiah)
I.
31 March 2011
31 December 2010
31 December 2009
31 December 2008
Company Consolidated
Company Consolidated
Company Consolidated
Company Consolidated
Capital Components A.
Core capital
16,837,512
15,762,980
16,003,430
14,927,733
14,616,965
13,334,061
10,237,047
10,437,779
B.
SUPPLEMENTARY 1,126,957
1,172,826
1,253,019
1,297,384
1,283,659
1,334,271
1,390,971
1,405,152
17,964,469
16,935,806
17,256,449
16,225,117
15,900,624
14,668,332
11,628,018
11,842,931
6,098,820
729,338
5,652,142
672,976
4,748,700
701,336
2,136,073
389,428
11,865,649
16,206,468
11,604,307
15,552,141
11,151,924
13,966,996
9,491,945
11,453,503
Risk weighted assets — credit risk
79,841,764
87,506,575
76,531,756
83,886,152
62,941,010
67,017,808
67,853,672
71,104,775
VI. Risk weighted assets — market risk
703,047
703,047
563,125
563,125
617,972
617,972
3,129,312
3,129,312
VII. Risk weighted assets — operational risk
17,892,259
21,670,495
10,499,489
12,489,377
—
—
—
—
VIII. Capital Adequacy Ratio with credit risk (IV: V)
14.86%
18.52%
15.16%
18.54%
17.72%
20.84%
13.99%
16.11%
IX. CAPITAL ADEQUACY RATIO WITH CREDIT RISK AND OPERATIONAL RISK
12.14%
14.84%
13.33%
16.14%
17.72%
20.84%
13.99%
16.11%
14.73%
18.37%
15.05%
18.42%
17..55%
20.65%
13.37%
15.43%
XI. AVAILABLE CAPITAL ADEQUACY RATIO WITH CREDIT RISK, MARKET RISK AND OPERATIONAL RISK 12.05%
14.75%
13.25%
16.04%
17.55%
20.65%
13.37%
15.43%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
II.
TOTAL CORE AND SUPPLEMENTARY CAPITAL (A+B)
III. Investments (-/-) IV. Total capital (II-Ill) V.
X.
AVAILABLE CAPITAL ADEQUACY RATIO WITH CREDIT RISK AND MARKET RISK (IV: (V+VI))
XII. MINIMUM REQUIRED CAPITAL ADEQUACY RATIO
8.00%
The consolidated CAR declined to 14.75% as of 31 March 2011 from 16.04% as of 31 December 2010 (the Company’s standalone CAR declined to 12.05% as of 31 March 2011 from 13.25% as of 31 December 2010). This was as a result of an increase in risk weighted assets (RWA) by Rp12,941,463 million, where Rp3,620,423 million was due to the increase in RWA for credit risk in connection with the increase in loans balances and Rp9,181,118 million was due to the increase in RWA for operational risk in 2011 in accordance with the Circular Letter of Bank Indonesia No. 11/3/DPNP dated 27 January 2009. The consolidated CAR declined to 16.04% as of 31 December 2010 from 20.65% as of 31 December 2009 (the Company’s standalone CAR declined to 13.25% as of 31 December 2010 from 17.55% as of 31 December 2009). As the Company continues to increase its loan portfolio and reduce the proportion of assets from Government bonds, which have zero-risk weighting, the Company’s risk-weighted assets have gradually increased, with a negative impact on CAR. In addition, the consolidated and standalone CAR declined due to the implementation of operational risk charge as of 2010.
47
The consolidated CAR increased to 20.65% as of 31 December 2009 from 15.43% as of 31 December 2008 (the Company’s standalone CAR was at 17.55% as of 31 December 2009 and 13.37% as of 31 December 2008). This is primarily as a result of the increase in the paid up capital from Limited Public Offering with Preemptive Rights (Rights Issue) IV in 2009 of Rp3,895,130 million. During the three months ended 31 March 2011 and the years ended 31 December 2010, 2009, and 2008, the consolidated and the Company’s standalone CAR remained well above Bank Indonesia’s minimum CAR requirement of 8.00%. (b)
Asset Quality The quality of earning assets is classified as current, special mention, substandard, doubtful and loss. Non-performing earning assets are classified as substandard, doubtful and loss. This classification is made based on an evaluation by the Company’s management of the customer’s performance and payment ability and of the business’s prospects, financial conditions, and payment ability (for other loans and other earning assets). Based on this classification of earning assets quality, the allowance provision for possible assets losses on earning assets is calculated established as governed required by Bank Indonesia Regulation No. 7/2/PBI/2009 dated 20 January 2009 on the Assessment of Assets’ Quality for Commercial Banks as amended from time to time. The quality of earning assets is affected by the overall economic conditions in Indonesia. To manage credit risk and asset quality, the Company has adopted policies and procedures governing credit approval, origination, pricing, monitoring, non-performing loans management and portfolio management. The Company also carefully monitors the development of its credit portfolio to allow timely preventive measures in the event of any deterioration in credit quality. The Company has also established a Credit Committee overseeing the approval of credit proposals. The Credit Committee is also responsible for the underwriting standards within the Company. Members of the Credit Committee are delegated with discretionary limits, based upon their capabilities and experience. Comprehensive management information systems are available to detect any adverse development at the early stage, allowing timely measures to rectify any potential deterioration in credit quality and minimize credit losses. In addition, the collection process is key to preventing asset quality deterioration, particularly for mass market loans. Non-performing earning assets This ratio is used to calculate the percentage of non-performing earning assets as compared to the total earning assets excluding administrative accounts. The ratio of non-performing earning assets as of 31 March 2011 declined by 0.66% to 2.60% from 3.26% as of 31 December 2010. This decline was as a result of improved credit quality, which followed the improving economic conditions increase in loan volume in Indonesia in the first quarter of 20110. The ratio of non-performing earning assets as of 31 December 2010 decreased by 0.65% to 3.26% from 3.91% as of 31 December 2009. This increase was as a result of improvement in credit quality that is in line with the improvement of the Indonesia economic condition, as well as the increase in loans volume in all sectors during 2010. The ratio of non-performing earning assets as of 31 December 2009 increased by 2.18% to 3.91% from 1.73% as of 31 December 2008. The increase was as a result of the decline in credit quality, particularly for loans granted throughout 2009 as economic conditions in Indonesia deteriorated due to the global financial crisis.
48
Allowance for impairment losses of financial assets This ratio is used to calculate the amount of allowance for impairment losses on productive assets compared to the total productive assets excluding administrative accounts. The ratio of allowance for impairment losses on earning assets as of 31 March 2011 decreased by 0.33% to 2.49% from 2.82% as of 31 December 2010. This decrease is a result of the improvement of credit quality. The ratio of allowance for impairment losses on earning assets as of 31 December 2010 decreased by 0.86% to 2.82% from 3.68% as of 31 December 2009. The decrease is as a result of the decrease in impairment losses in the form of derivative transactions and the improvement of the credit quality along with the improvement the economic conditions in Indonesia in 2010. The ratio of allowance for impairment losses on earning assets as of 31 December 2009 increased by 0.88% to 3.68% from 2.80% as of 31 December 2008. The increase is as a result of declining credit quality, particularly for loans originated in 2008 as economic conditions in Indonesia deteriorated due to the global financial crisis and also the increase of allowance of losses which formed for derivative transaction. Gross and net non-performing loans (NPL) The gross non-performing loans (NPL) ratio increased by 0.05% from 3.25% as of 31 December 2010 to 3.30% as of 31 March 2011. The increase is a result of the improving increasing risk of loans quality from the small and medium-scale enterprises sectors economic conditions in Indonesia in 2010. The net non-performing loan (NPL) ratio increased by 0.22% from 0.00% as of 31 December 2010 to 0.22% as of 31 March 2011. The increase is due to the deteriorating improved risk of loans quality, in particular for from the small and medium-scale enterprises sector and mass market. The gross NPL ratio decreased by 1.39% from 4.64% as of 31 December 2009 to 3.25% as of 31 December 2010. The decrease is due to the improved economic condition in Indonesia in 2010. The net NPL ratio as of 31 December 2010 remained the same compared to that of as of 31 December 2009. This is due to the implementation of new circular letter of BI to the calculation of net NPL. The gross NPL ratio increased by 2.28% from 2.36% as of 31 December 2008 to 4.64% as of 31 December 2009. The increase is due to the deteriorating economic conditions in Indonesia in 2009 due to the global financial crisis. The net NPL ratio decreased by 1.18% from 1.18% as of 31 December 2008 to 0.00% as of 31 December 2009. This decrease results from the implementation of the new circular letter of BI on the calculation of net NPL. Allowance for impairment losses of total credit loans This ratio is used to calculate the amount of allowance for impairment losses of loans compared to the total gross loans. The ratio of allowance for impairment losses of total credit loans as of 31 March 2011 decreased by 0.23% to 3.08% from 3.31% as of 31 December 2010. This decrease is mainly a result of the increase in loans volume extended due to the continuous improvement of Indonesian economic conditions in 2011. The ratio of allowance for impairment losses of total credit loan as of 31 December 2010 decreased by 0.34% to 3.31% from 3.65% as of 31 December 2009. The decrease is as a result
49
of the improved loan quality increase in line with the improvement in the economic conditions in Indonesia deteriorated throughout 2010 due to the global crisis and increased volume of loans granted. The ratio of allowance for impairment losses of total credit loan as of 31 December 2009 increased by 1.23% to 3.65% from 2.42% as of 31 December 2008. The increase is as a result of the increase of allowance for impairment losses of total credit and the declining credit quality, particularly for loans originated in 2009 as economic conditions in Indonesia deteriorated due to the global financial crisis. Fulfilment of allowance for impairment losses of productive asset This ratio is used to calculate the percentage of allowance for impairment losses compared to the minimum required total allowance. The ratio of fulfillment of allowance for impairment losses of productive asset as of 31 March 2011 decreased by 17.46% to 101.27% from 118.73% as of 31 December 2010. The decrease is mainly resulted by the improvement of the credit quality which affect to the improvement of the loss rate. The ratio of fulfillment of allowance for impairment losses of productive asset as of 31 December 2010 decreased by 17.56% to 118.73% from 136.29% as of 31 December 2009. The decrease is as a result of the the application of impairment method in accordance with SFAS 55 (2006 Revision) while in accordance with the previous regulation, the allowance is still required. The ratio of fulfillment of allowance for impairment losses of productive asset as of 31 December 2009 decreased by 13.79% to 136.29% from 150.08% as of 31 December 2008. The decrease is as a result of the increase in the required allowance for possible losses as credit quality declined, particularly for loans granted throughout 2009 as economic conditions in Indonesia deteriorated due to the global crisis. (c)
Earnings Ratios Return on Asset (ROA) ROA is used to measure the ability of the Company and its Subsidiaries to earn profits after tax from the assets owned. The ratio is obtained by comparing the profit after tax and the average total assets for a certain period of time. The annualised ROA for three months period which ended on 31 March 2011 is 3.08%. Throughout 2010, the ROA of the Company and Subsidiaries increased to 3.34% from 1.78% in 2009. The increase in ROA was primarily as a result of the stable increasing net income of the Company attributable to the majority shareholders in 2010 in the amount of Rp2,883,468 million compared to the amount of Rp1,532,533 million in 2009 period. Throughout 2009, the ROA of the Company and its Subsidiaries declined to 1.78% from 2.01% in 2008. The decline is primarily as a result of the stable decrease in the net income of the Company attributable to the majority shareholders, and along with the average total assets increasing to Rp101,973,205 million in 2009 from Rp100,366,939 million in 2008.
50
Return on Equity (ROE) ROE is used to measure the ability of the Company and its Subsidiaries to earn net profit from invested equity. The ratio is obtained by comparing the income after tax and the average equity for a certain period of time. The annualised ROE for the three months ended 31 March 2011 was 17.59%. Throughout 2010, the annualized ROE of the Company and its Subsidiaries increased to 18.52% from 11.23% in 2009. The increase in ROE is primarily due to the rise in the net income of the Company attributable to the majority shareholders in 2010 be in the amount of Rp2,883,468 million compared to the amount of Rp1,532,533 million in 2009. Throughout 2009, the ROE of the Company and its Subsidiaries declined to 11.23% from 14.64% in 2008. The decline in ROE is as a result of the slight decrease on net income of the Company attributable to the majority shareholder, but the average total equity increased to Rp13,630,651 million in 2009 from Rp10,451,519 million in 2008. Net Interest Margin (NIM) For the three months ended 31 March 2011, the Company’s consolidated NIM was 7.94%. In 2010, the Company’s consolidated NIM increased to 8.97% from 7.81% in 2009. This was primarily due to the decrease of yield on average earning assets, compared to the decrease in the cost of funds. The decreasing yield particularly results from SBI in line with the downward trend toward interest rate in Indonesia, while the decrease in cost of fund is primarily due to the time deposits in accordance with the Company’s policy continue to focus on growing high margin assets such as consumer loans while simultaneously reduce low cost fund instruments with higher interest and focuses on those with lower interest, such as savings and current accounts. The average yield on earning assets decreased from 18.34% in 2009 to 16.56% in 2010, while the cost of funds COF decreased from 7.33% in 2009 to 5.43% in 2010. In 2009, the Company’s consolidated NIM decreased to 7.81% from 8.15% in 2008. The decrease is primarily as a result of the improvement in yield on average earning assets, which exceeded the increase in the cost of funds. The average COF increased to 7.33% in 2009 from 6.96% in 2008, while the average yield on earning asset improve to 18.34% in 2009 compared to 16.80% in 2008. Operating Expenses to Operating Income Ratio For the three months period ended 31 March 2011, the Company’s ratio of consolidated operating expenses to operating income was 76.72%. In 2010 the Company’s ratio of operating expenses to operating income decreased to 74.93% from 86.46% in 2009. This decrease is mainly due to the increase operating income, particularly net interest income and other operating income, such as fees, while in terms of operating expense, the Company managed to apply efficiency which leads to relatively stable in operating expenses. In 2009 the Company’s ratio operating expenses to operating income increased to 86.46% from 85.77% in 2008. This is particularly as a result of the increase in operating expenses driven by the increase in the allowance for impairment loss and the expense interest provision and commission expenses in 2009, which relatively exceeded the increase in operating income in the same year.
51
(d)
Liquidity Ratio The Company believes that the funds obtained should be utilized optimally to maximize profits without compromising the liquidity of the Company. One of the measurements used is the ratio of average weekly loans granted against third party deposits (LDR). As of 31 March 2011, the LDR was at 94.86%, an increase as compared to 93.82% as of 31 December 2010. The increase in LDR reflects the Company focusing on loan growth in the mass market segment, while the third party fund was relatively steady. As of 31 December 2010, the Company’s LDR increased to 93.82% from 88.76% as of 31 December 2009. The increase in LDR reflects the Company focusing on loan growth in the mass market segment, while third party funds was relatively stable as it did not increase as rapidly as credit development. As of 31 December 2009, the Company’s LDR increased to 88.76% from 86.42% as of 31 December 2008. The increase is a result of the decrease in loans granted, which was lower than the decrease in third party funds, particularly time deposits. The Company seeks to maintain the optimum LDR at 90%. In its efforts to maintain the LDR rate, the Company continues to focus on the collection of customers’ funds in the form of savings and current accounts by improving services to customers, improved infrastructure and promotional programs. However, it needs to be noted that LDR is not the main indicator to measure the Company’s liquidity risk since there are other funding components which are not reflected in the measurement of LDR. LDR only takes into account third party funds as a source of funding and does not take into account other sources of funding which are also important, such as long-term structured capital and funding (issuance of bonds, etc.). Therefore, in monitoring liquidity the Company takes into account other structured capital and funding.
(e)
Statutory Reserve Requirement (Giro Wajib Minimum (“GWM”)) Bank Indonesia requires commercial banks to have daily GWM, in the form of non-interest accounts at Bank Indonesia. GWM operates as a liquidity reserve and is calculated as a certain percentage of third party funds. GWM on 31 March 2011, and 31 December 2010, 2009 and 2008 is as follows: (in%) Remarks
31 March 2011
31 December 2010
2009
2008
5.07
GWM in Rupiah Primary GWM
8.09
8.26
5.11
Secondary GWM
9.41
9.56
15.59
NA
GWM in Foreign Currencies
5.05
1.14
11.79
1.06
According to Bank Indonesia Regulation No.12/19/PBI/2010 concerning GWM of Commercial Banks in Bank Indonesia in Rupiah and in Foreign Currency as amended by BI Regulation No. 13/10/PBI/2011 on the Amendment of Bank Indonesia Regulation No. 12/19/PBI/2010 concerning GWM of Commercial Banks in Bank Indonesia in Rupiah and in Foreign Currency, the Company’s required Primary GWM in Rupiah is 8% and the Company’s required Secondary GWM in Rupiah is 2.5%. The Company has complied with the requirements by allocating its Primary and Secondary GWMs at 8.09% and 9.41%, respectively, as at 31 March 2011.
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As of 1 June 2011, GWM in foreign currency is set at 8%, according to the applicable Bank Indonesia’s regulation, GWM in foreign currency for the period of 1 March 2011 until 31 May 2011, is set at 5%. The Company has complied with the applicable Bank Indonesia’s requirements on Statutory Reserve Requirement (GWM) of Commercial Banks. (f)
Legal Lending Limit (“LLL”) To avoid the centralized extension of credit to one or more borrower groups of borrower, and to avoid any potential risks, Bank Indonesia applies a credit limitation percentage to one party or certain groups for the capital owned by the bank. This credit limitation is stipulated under BI Regulation No.7/3/PBI/2005 dated 20 January 2005 on the Legal Lending Limit and was subsequently amended by BI Regulation No. PBI No.8/13/PBI/2006 dated 5 October 2006. The key of LLL provisions are as follows: 1.
2.
For unrelated parties with the bank, for one lender or in aggregate are as follows: (a)
Total exposure to 1 (one) borrower not affiliated with such bank shall not exceed 20% of the bank’s total capital
(b)
Total exposure to 1 (one) group of borrowers not affiliated with the bank shall not exceed 25% of the bank’s total capital
For affiliated parties, for one or in aggregate shall not exceed 10% of the bank’s total capital.
Based on the LLL reports submitted to Bank Indonesia dated 31 March 2011, 31 December 2010, 2009 and 2008, the Company has been in compliance with the Bank Indonesia LLL provisions. (g)
Consolidated Cash Flow Analysis The following table contains the summary of consolidated cash flow of the Company and the Subsidiaries for the three months ended 31 March 2011 and for the years ended 31 December 2010, 2009 and 2008: (in million rupiah) Remarks
31 March
31 December
2011
2010
2009
2008
Net cash flow from operating activity
(1,585,917)
(2,962,519)
(435,778)
1,917,268
Net cash flow from investing activity
1,209,053
3,575,115
210,687
1,070,294
Net cash flow from financing activity
1,720,459
2,483,919
(1,573,680)
907,578
Net increase of cash and cash equivalent
1,343,595
3,096,515
(1,798,771)
3,895,140
Cash Flow from Operating Activity Net cash flow used for operating activity for the three months ended on 31 March 2011 amounted to Rp1,585,917 million and originated from cash inflow mainly in the form of interest income, provision and commissions in the amount of Rp2,360,485 million, income from consumer financing transactions in the amount of Rp3,231,569 million, income from insurance activities, other operating income and profit from foreign exchange transaction of Rp727,986 million, increase from time deposit of Rp3,268,565 million, increase from deposits with other banks of 53
Rp407,801 million and increase of accruals and other liabilities of Rp549,790 million and cash outflow in the form of payment for new consumer financing transactions in the amount of Rp1,682,620 million, payment of interest, provision and commission in the amount of Rp1,250,151 million, payment of bond interest of Rp160,012 million, payment of other operating and non-operating expenses of Rp2,168,408 million, increase of loan of Rp3,960,574 million, increase of placement with other banks and Bank Indonesia of Rp399,001 million, decrease of current account and savings of Rp1,937,559 million, increase of advance expenses and other assets and payment of withholding tax in the current period. Net cash flow used for operating activity for the year ended on 31 December 2010 amounted to Rp2,962,519 million and originated from cash outflow in the form of payment for new consumer financing transactions in the amount of Rp9,883,305 million, payment of interest, provision and commission in the amount of Rp4,601,103 million, payment of other non-operating expenses in the amount of Rp 5,791,629 million, increase of loans granted in the amount of Rp17,081,151 million, payment of withholding tax in the current period, bond interest, non-operating expenses and losses in the transactions in foreign currencies and cash inflow in the form of interest income, provision and commissions in the amount of Rp6,978,795 million, income from new consumer financing transactions in the amount of Rp10,631,713 million, increase in savings, current accounts and time deposits in the amount of Rp12,758,995 million, income from insurance activities, increase in placements with other banks and Bank Indonesia, prepaid assets and other assets, decrease in deposits with other banks and accruals and other liabilities. Net cash flow used for operating activity for the year ended on 31 December 2009 in the amount of Rp435,778 million originated from cash outflow in the form of increase in operating liabilities in the form of term deposit in the amount of Rp8,021,335 million, payment of interest, provision and commission in the amount of Rp7,288,744 million, other operating expenses in the amount of Rp5,121,105 million, payment for new consumer financing transactions in the amount of Rp3,555,682 million, payment of withholding tax in the current year in the amount of Rp1,205,726 million, payment of tantiem, non-operating expenses-net and prepaid expenses and other assets, decrease in operating liabilities in the form of liabilities due immediately, deposits from customerscurrent accounts, deposits with other banks and accruals and other liabilities. Cash inflow in the form of payment of interest, provision and commission in the amount of Rp12,362,107 million, income from consumer financing transactions in the amount of Rp8,105,315 million, increase in operating liabilities in the form of savings in the amount of Rp2,516,775 million, decrease in assets in the form of loans in the amount of Rp1,202,308 million, other operating expenses, income from insurance activities, proceeds from transactions in foreign currencies-net and decreased in operating assets in the form of marketable securities and Government Bond as well as in the form of deposits with other banks and Bank Indonesia which are matured more than 3 months as of their acquisition date. Net cash flow from operating activity for the year ended on 31 December 2008 in the amount of Rp1,917,268 million originated from cash inflow in the form of increase in operating liabilities in the form of current accounts, savings and time deposits in the amount of Rp14,961,032 million, interest income, provision and commission in the amount of Rp11,145,689 million, income from consumer financing transactions in the amount of Rp6,963,280 million, decrease in operating assets in the form of placements with other banks and Bank Indonesia which are matured more than 3 months as of their acquisition date, other operating expenses, income from insurance activity, non-operating income-net and decrease in operating assets in the form of securities purchased under repurchase agreement, decrease in operating assets in the form of marketable securities and government bonds. Cash outflow in the form of increase in operating assets in the form of loans in the amount of Rp13,128,195 million, payment of interest, provision and commission in the amount of Rp6,426,425 million, other operating expenses in the amount of Rp5,951,020 million, decreased liabilities in the form of deposits with other banks in the amount of Rp3,180,568 million, payment for new consumer financing transactions in the amount of Rp1,981,479 million, payment of withholding tax for the current year in the amount of Rp1,019,841 54
million, losses from transactions in foreign currencies-net, payment of tantiem, decrease in operating liabilities in the form of accruals and other liabilities, increase in operating assets in the form of prepaid charges and other assets. Cash Flow from Investing Activity Net cash flow obtained from investing activity for the three months ended on 31 March 2011 amounted to Rp1,209,053 million and originated from cash inflow in the form of proceeds from the sale of marketable securities and government bonds owned until maturity and available for sale in the amount Rp2,911,438 million, income from return of investment in the amount of Rp28,520 million, disposal of fixed assets in the amount of Rp14,578 million, and cash outflow in the form of placements in term deposits in the amount of Rp337,134 million, purchase of marketable securities and government bonds owned until maturity and available for sale in the amount of Rp1,324,743 million and acquisition of fixed assets in the amount of Rp83,606 million. Net cash flow obtained from investing activity for the year ended on 31 December 2010 amounted to Rp3,575,115 million which originated from cash inflow in the form of proceeds from the sale of marketable securities and government bonds owned until maturity and available for sale in the amount of Rp6,314,458 million, proceeds from the disposal of fixed assets in the amount of Rp63,135 million, proceeds from return of investment in the amount of Rp111,924 million, proceeds from investment in shares in the amount of Rp62,675 million and receipt from cash dividends in the amount of Rp2,140 million. Cash outflow in the form of purchase of marketable securities and government bonds owned until maturity and available for sale in the amount Rp1,636,257 million, placements in time deposits in the amount of Rp348,559 million, and the acquisition of fixed assets in the amount of Rp994,401 million. Net cash flow from investing activity for the year ended on 31 December 2009 amounted to Rp210,687 million which originated from cash inflow in the form of proceeds from the sale of marketable securities and government bonds owned until maturity and available for sale in the amount of Rp2,461,773 million, proceeds from the disposal of fixed assets in the amount of Rp70,753 million, proceeds from return of investment in the amount of Rp97,649 million and receipt from cash dividends in the amount of Rp3,241 million. Cash outflow in the form of additional investment in 20% of shareholding in PT Adira Dinamika Multi Finance in the amount of Rp1,441,937 million, purchase of marketable securities and government bonds owned until maturity and available for sale in the amount of Rp34,809 million, placements in time deposits in the amount of Rp588,529 million, the acquisition of fixed assets in the amount of Rp356,454 million and additional investment in 10% of shareholding in PT Adira Quantum in the amount of Rp1,000 million. Net cash flow from investing activity for the year ended on 31 December 2008 was Rp1,070,294 million which originated from cash inflow in the form of proceeds from the sale of marketable securities and government bonds owned until maturity and available for sale in the amount of Rp3,566,473 million, proceeds from the disposal of fixed assets in the amount of Rp81,522 million, return of investment in the amount of Rp66,039 million and receipt from cash dividends in the amount of Rp1,353 million. Cash outflow takes the form of the purchase of marketable securities and government bonds owned until maturity and available for sale in the amount of Rp1,266,000 million, acquisition of fixed assets in the amount of Rp785,233 million and placements in time deposits in the amount of Rp593,860 million. Cash Flow from Financing Activity Net cash flow from financing activity for the three months ended on 31 March 2011 was Rp1,720,459 million originated from cash outflow in the form of payment of loans in the context of joint financing in the amount of Rp25,000 million and cash inflow in the form of receipt of loans
55
in the context of joint financing in the amount of Rp1,250,000 million, increase in borrowings in the amount of Rp493,188 million, increase in marketable securities sold under repurchase agreement in the amount of Rp149 million and option of share ownership by employees/management executed in the amount of Rp2,122 million. Net cash flow from financing activity for the year ended on 31 December 2010 totalled Rp2,483,919 million which originated from cash inflow in the form of income for the issuance of bonds in the amount of Rp4,628,353 million, receipt of loans in the context of joint financing in the amount of Rp772,000 million, increase in borrowings in the amount of Rp88,271 million, option of share ownership by employees/management executed in the amount of Rp95,710 million. Cash outflow in the form of decrease in marketable securities sold under repurchase agreement in the amount of Rp964,243 million, payment of cash dividends in the amount of Rp808,172 million, payment of loans in the context of joint financing in the amount of Rp947,000 million, and payment of principal amount of bonds in the amount of Rp381,000 million. Net cash flow used for financing activity for the year ended on 31 December 2009 was Rp1,573,680 million which originated from cash inflow in the form of income from the issuance of bonds in the amount of Rp379,000 million, receipt of loans in the context of joint financing in the amount of Rp1,008,333 million, proceeds from limited public offering with pre-emptive rights (rights issue) IV in the amount of Rp3,895,130 million, option of share ownership by employees/ management executed in the amount of Rp65,017 million. Cash outflow in the form of decrease in securities sold under repurchase agreement in the amount of Rp1,159,734 million, payment of subordinated loans in the amount of Rp3,269,865 million, payment of cash dividends in the amount of Rp892,335 million, payment of loans in the context of joint financing in the amount of Rp879,167 million, payment of principal amount of bonds in the amount of Rp570,000 million, and decrease in borrowings in the amount of Rp150,059 million. Net cash flow from financing activity for the year ended on 31 December 2008 amounted to Rp907,578 million which originated from cash inflow in the form of increase in the securities sold under repurchase agreement in the amount of Rp1,511,439 million, increase in borrowings in the amount of Rp1,033,496 million, receipt of loans in the context of joint financing in the amount of Rp987,000 million and option of share ownership by employees/management executed in the amount of Rp36,991 million. Cash outflow in the form of payment of cash dividends in the amount of Rp1,128,064 million, payment of loans in the context of joint financing in the amount of Rp1,037,001 million, payment of principal amount of bonds in the amount of Rp452,750 million, and payment of subordinated loans in the amount of Rp43,533 million. (h)
Net Open Position Pursuant to Bank Indonesia regulation No.12/10/PBI/2010 dated 1 July 2010 on the Third Amendment to Bank Indonesia Regulation No.5/13/PBI/2003 on Net Open Position for Commercial Banks (“PBI No.12”), banks are required to maintain its net open position in the end of business days in aggregate at a maximum of 20% of its capital and for balance sheet maximum 20% of capital. In accordance with PBI No.12, aggregate net open position is the accumulation of absolute value for the amount from net assets and liabilities in the balance sheet for each foreign currency added with net receivables which constitutes commitment and contingency in the administrative account for each foreign currency where all amounts are stated in Rupiah. (in%) Remarks
Net Open Position Ratios
31 March
31 December
2011
2010
2009
2008
1.09
0.55
4.15
7.83
56
(i)
Expenditure on Fixed Assets Expenditure on consolidated fixed assets for the three months ended 31 March 2011, and for the years ended 31 December 2010, 2009 and 2008 are as follows: (in millions of Rupiah) Remarks
31 March 2011
Land
31 December 2010
2009
2008
—
4,338
7,226
3,129
4,199
9,275
34,172
36,534
Office Inventories
42,467
293,310
200,137
291,685
Motor Vehicles
34,993
320,285
17,766
277,641
Amount
81,659
627,208
259,301
608,989
Building
Most of the Company’s expenditure on fixed assets was utilized for activities in relation to expansion of business operations in the form of renovations of branch and auxiliary offices and representative offices, purchase of office equipment and office furniture, to support the performance of the Company on fixed assets. The source for such expenditure is the operational resources of the Company. The purpose of this expenditure on fixed assets is to improve the business performance of the Company by improving the business network. For the year 2011, the Company has a budget of Rp885,239 million for expansion and branch renovation and for the refurbishment of the head office, Rp1,081,272 million for information technology and Rp51,967 million for other expenditures on fixed assets such as office equipment. (j)
Commitments and Contingencies Foreign Exchange Rate and Derivative Contracts The Company’s policy regarding foreign exchange risk is to comply with Bank Indonesia’s regulatory limits with respect to its net open position (“NOP”). In accordance with Bank Indonesia regulation, the Company is required to maintain Net Open Position at a maximum of 20% of the total end position against main capital, and complementary capital for the previous month. As of 31 March 2011, the Net Open Position ratio of the Company (total) is 1.09%. The Company’s policies include entering into transactions to transfer foreign exchange risk from derivative transactions with its customers to other parties, and buying and selling foreign currencies as required to managing its net open position. The Company enters into forward swap transactions with its customers. These forward swap transactions enable customers to transfer, modify or reduce their foreign exchange risks. As part of its risk management policy, the Company covers these derivative contracts with customers through forward agreements with other financial institutions. These forward agreements are designed to have substantially similar notional amounts and maturities to the original derivative contracts. Letters of Credit, and Guarantees and Commitment to Unused Loan Facilities to Debtor As a part of the Company’s ordinary banking activities, the Company issues export letters of credit and bank guarantees, for which the Company charges a fee based on the value of the letters of credit or guarantees and the relative credit risk of the reimbursing customer.
57
The table below sets forth the Company’s outstanding letters of credit and bank guarantee outstanding: (in billion Rupiah and million United States Dollar) Remarks
31 March
31 December
2011 (Rp) Irrevocable letters of credit
2010
(US$)
(Rp)
2009
(US$)
(Rp)
2008
(US$)
(Rp)
(US$)
129
136
61
142
104
107
125
34
30
18
30
20
87
27
8
36
1,456
26
1,644
33
1,633
23
1,558
27
1,615
180
1,735
195
1,824
157
1,691
97
Guarantee: Standby letters of credit Bank Guarantees Amount
Total commitment to unused loan facilities for debtor as of 31 March 2011 and 31 December 2010 is Rp37,534 million and Rp43,756 million, respectively. There are no commitments to unused loan facilities for debtor as of 31 December 2009 and 2008. (k)
Bank Soundness Assessment Based on the results of self-assessment of the Company’s soundness level pursuant to Bank Indonesia Regulation No. 6/10/PBI/2004 on the commercial bank soundness assessment system, the following is the Company’s self-assessment for the first quarter of 2011: Component
Composite Rating
Assessment
Capital
1
Very sound
Assets Quality
2
Sound
Management
2
Sound
Earnings
2
Sound
Liquidity
2
Sound
Sensitivity to market risks
2
Sound
Conclusion
2
Sound
58
V.
RISK FACTORS
Investment in shares carries a high degree of risk and requires careful attention to all information contained in this Prospectus, including the risks as described below. The Company’s management has disclosed risks considered material at this time and has arranged the risks in order of their weight and financial impact on the Company. Moreover, risks and uncertainty not known by the Company or not material at this time may arise or become material in the future. RISKS RELATING TO THE COMPANY 1.
The Company’s growth strategy may not succeed. In recent years, the Company has experienced significant growth in its business. The Company’s total assets have grown from Rp89,410 billion as at 31 December 2007 to Rp122,804 billion as at 31 March 2011, and its customer base has grown from approximately 5.7 million depositor accounts as at 31 December 2007 to approximately 6.0 million depositor accounts as at 31 March 2011. Such growth encouraged the Company to continue to effectively manage and control both historic risks and potential new risks. The Company’s ability to sustain its growth depends primarily upon its ability to manage key issues, such as recruiting and retaining skilled personnel, maintaining an effective technology platform that can be continually upgraded, developing a knowledge base to face emerging challenges, and maintaining a high standard of customer service. Inability on the Company’s part to effectively manage any of these issues may adversely affect its business growth and, as a result, impact future financial performance. The Company’s strategy is to focus on consumers, the mass market, microfinance and SME businesses, and various related products and services. The Company believes that this strategy is necessary to allow the Company to increase its ability to issue loans in a sustained and prudent manner, to grow a stable deposit base, and to maintain its interest margin and net profit. However, the Company’s consumer, mass market and SME-focused strategy may not succeed. These businesses have special requirements with respect to risk management procedures, guidelines and systems, credit appraisal monitoring, and recovery. Given the limited availability of financial information on Indonesian borrowers, the Company is exposed to a higher credit risk in the consumer and mass market sectors compared to banks in developed countries. Indonesian consumers are also limited to an existing customer base, and this may have a detrimental effect on both the Company’s loan and deposit base as well as non-performing loans (NPLs). Off-market loan pricing by competitors and interest rate ceilings imposed by the Government may result in a lower net interest rate margin. In addition to that, slower economic growth and high inflation may cause significant deterioration in the purchasing power of consumers and mass markets, thus resulting in reduced loan demand and higher NPLs. The Company’s growth in the consumer segment, partly through the Subsidiaries, will expose the Company to additional competition, namely other consumer finance companies with more experience in this segment. There is no guarantee that the Company or its Subsidiaries will be able to perform its activities effectively in adverse conditions and when facing additional competition, and such factors may have a material impact on the Company’s development plans, results of operations, and financial position.
2.
Expansion and diversification of the Company’s scope of products and services. The Company plans to diversify its scope of products and services to fulfil customer needs and to expand its business. The expansion and diversification of the Company’s businesses may result in the following risks, namely: •
the Company does not have enough experience and expertise in several certain new products and services, and therefore may not be able to compete as effectively with an expanded business scope;
59
•
the new products and services may not be well received by customers or may not meet the Company’s profit expectations;
•
the Company may need to employ individuals with certain skills, who may not be available;
•
the Company may fail in obtaining approvals for its new products and services; and
•
the Company may not succeed in improving the capacity of risk management and information technology systems to support the expanded range of the products and services.
If the Company is not able to meet the expected results for its products, services, and business, the Company’s financial condition and results of operations may be materially adversely affected. 3.
The Company’s past performance may not be an accurate indicator of the Company’s future performance. The Company’s results in the future are dependent upon many factors, including the Company’s ability to implement its business strategies, performance of its Government bonds portfolio (including, but not limited to, recapitalisation bonds), loan portfolios, general economic growth in Indonesia, and interest and exchange rates fluctuations, and other factors. There can be no assurance that the Company will be profitable or will not incur significant operating losses in the future.
4.
The market value of the Government bonds and marketable securities in the Company’s portfolio may be lower than the book value of these assets. As at 31 March 2011, the Company held Rp11,371 billion Government bonds and marketable securities, which represented 9.26% of the Company’s total assets. Furthermore, 13.17% of the Company’s total assets as at 31 March 2011 were direct Government obligations (such as the Government bonds, current accounts with Bank Indonesia and SBIs). Interest payments on the Company’s Government bonds represented 2.61% of its interest income for the three-month period ended 31 March 2011. Any delay or default in the payment of interest or principal by the Government when due may have a material adverse effect on the Company’s financial condition, liquidity, and results of operations. As at 31 March 2011, most of the Government bonds and marketable securities in the Company’s portfolios were held in its trading and available-for-sale portfolios, respectively, with a mark-tomarket value of Rp279 billion and Rp10,407 billion. The Company did not have any held-tomaturity securities. Even though the Government, since 2002, has developed policies to stimulate a liquid secondary market for its bonds, the price of Indonesian bonds continues to be volatile. This depends on many factors, such as the direction of interest rate policy, the Government’s credit rating, the amount of Government bonds available in the market, existing interest rates and availability of other fixed income investments. There can be no assurance that the Company will be able to sell all of its Government bonds without suffering losses that may be significant. Subsequently, there can be no assurance with respect to future credit rating of the Government, which may also result in a decrease in the value of the Company’s Government bonds. Any significant reduction in the value or liquidity of Government bonds or marketable securities, any change to the regulation or compliance obligation in the Indonesian SFAS applicable to Government bonds or marketable securities, could have a material adverse effect on the Company’s financial condition, liquidity and results of operations.
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5.
The Company may need additional allowance for impairment losses of loans extended by the Company to cover actual losses in the future. As at 31 March 2011, the Company’s gross and net NPL ratios (out of the total loans granted by the Company) were 3.30% and 0.22%, respectively. The amount of the Company’s allowance for impairment losses of loans was based on the current assessment and expectations on various factors which affect the Company’s loan portfolio quality. These factors include, among others, the financial condition of the debtor, the debtor’s capability and intention to repay, the realized amount from all collaterals and the ability of the guarantor to fulfil obligations, Indonesia’s economic conditions, the Government’s macroeconomic policies, interest and exchange rates and applicable Indonesian laws and regulations. Such factors are not within the Company’s control. If the Company’s assessment and expectation with regards to these factors are different from actual developments, or if the Company’s loan portfolio quality decreases, the allowance for impairment losses of loans allocated by the Company may not be sufficient to cover actual losses, and the Company may need additional provision for losses. This may have a material adverse impact on the Company’s financial condition and results of operations. The Company continually reviews its allowance model to ensure that the stipulated allowance for impairment losses of loans is sufficient to cover losses in line with the development.
6.
The banking industry is very competitive, and the Company’s growth strategy depends on its ability to compete effectively. The Indonesian banking sector remains very competitive. The Company’s primary competitors are major domestic and reputable foreign banks operating in Indonesia. The Company also faces competition for customers from a variety of financial services companies, such as multi-finance companies and legal entities affiliated with the Government, which provide industrial development funding, as well as export and import lending and other related services. The Company may also face increased competition in the future from financial institutions offering a wider array of commercial banking services and products and others with higher lending limits, greater financial resources, and stronger balance sheets. Increased competition may result from: •
foreign banks, due to, among other things, relaxed standards permitting large foreign banks to open additional branch offices and acquire control of Indonesian banks;
•
domestic banks entering into strategic alliances with foreign banks with significant financial and management resources;
•
financial services companies specifically in products which the Company also offers directly or through its subsidiaries or strategic alliances, such as automotive financing, insurance sales, leasing and rural development loans;
•
Government reform of the financial sector and the restructuring and recapitalisation of Indonesian banks, many of which also have established relationships with the Government and large corporate groups and which therefore benefit from the ability of the Government to direct opportunities to them and favour their interests over the Company’s; and
•
continued consolidation, both with and without Government assistance, in the banking sector involving domestic and foreign banks.
61
There can be no assurance that the Company will be able to compete effectively, and increased competition may make it difficult for the Company to increase the size of both its loan portfolio and deposit base, thereby resulting in a material adverse effect to the Company’s growth plans, results of operations and financial condition. 7.
Changes in Government regulations, including those related to the limit for the shareholding in national banks by foreign citizens or legal entities and provisions on shareholding in national banks may cause disruption to the Company’s business activities. In 1998, the Government relaxed the limit of shareholding by foreign investors in national banking as an effort to attract foreign investors to the banking sector during the crisis. In line with that, in 2003 the Government divested its majority shareholding in the Company to AFI and, subsequently, the Company became one of national private banks whose majority shares were held by foreign investors. In recent years, protests were staged against the government’s privatization policy particularly for the selling of shares in Bank Bali (1999), Semen Gresik (2001), and Indosat (2002), which were sold to foreign investors. There is a possibility that the holding of majority shares in the Company by foreign parties will face the same protests and demands resulting in significant disruption to the Company’s business activities. Bank Indonesia recently announced its plan to set a maximum limit for shareholding in a national bank by a shareholder. If such plan is realized and applied retroactively, there is a possibility that the controlling shareholder of a national private bank will be asked by Bank Indonesia to divest a part of its shareholding. The imposition of a new Law or Regulation or amendment to an applicable Law or Regulation directly related to the business activities of the Company or the Subsidiaries may affect the Company’s ability to compete with other banks not affected by the same.
8.
The Company’s standalone capital adequacy ratio is affected by the changes in the capital account of the Company’s Subsidiaries The Company’s standalone capital adequacy ratio will be affected by the increase and decrease in the capital account of the Company’s Subsidiaries. As an example, as the Subsidiaries’ retained earnings increases, the deduction from non-consolidated investments in financial subsidiaries also increases in the calculation of the standalone capital adequacy ratio. The amount of the capital account of the Company’s Subsidiaries will depend upon, among other things, the macroeconomic conditions in Indonesia, the financial and operational performance of the Subsidiaries and the strategic initiatives adopted by the Subsidiaries. To the extent any of the Company’s Subsidiaries’ capital account were to increase or decrease, it could affect the Company’s standalone capital adequacy ratio and, consequently, the Company’s financial position.
9.
If the Company is unable to maintain the quality of its loan portfolio effectively, its financial condition and results of operations may be adversely affected. The Company’s results of operations are negatively impacted by NPLs, and thus sustaining the Company’s growth depends on the ability to effectively manage credit risks and maintain loan portfolio quality. The Company’s NPLs as at 31 March 2011 stood at Rp2,588 billion, representing 3.30% (gross NPLs) or 0.22% (net NPLs) of total loans. Although the Company sustainably manages and monitors its loan portfolio to improve its credit risk management policies, procedures, and systems, the Company cannot guarantee that such policies, procedures, and systems are free 62
from any deficiency. Failures in the credit risk management policies, procedures, and systems may result in an increase in the level of NPLs and adversely affect the quality of the Company’s loan portfolio. In addition, the quality of the Company’s loan portfolio may also deteriorate due to various other reasons, including factors beyond the Company’s control. If such deterioration occurs, it may result in a material adverse effect on the Company’s financial condition and results of operations. 10. The concentration of loans distributed to certain sectors and geographic regions, as well as significant exposure to certain customer groups, may increase the Company’s aggregate risk. As a result of economic centralisation in big cities, over half of the Company’s branch network is located in Indonesia’s four largest metropolitan areas: Jakarta, Bandung, Surabaya, and Medan. As at 31 March 2011, 75.36% of the Company’s loans and 80.92% of its total deposits (including deposits from other banks) originated from these metropolitan areas. Jakarta alone represented 36.34% of the Company’s total loans and 52.86% of the Company’s total deposits as at 31 March 2011. As of 31 March 2011, the Company’s loan portfolio (including consumer financing receivables) reached Rp85,944 billion, 58% of which represented loans to segment mass market and 12% to wholesale segment, 5% retail loans, and 25% to SME segment. As the Company’s loan portfolio is significantly concentrated in certain borrower, sector and regional groups, if any large loans become non-performing or if any of the sectors or regions in which loans are concentrated experience financial difficulty, the quality of the Company’s total asset portfolio and its financial condition could be adversely affected. 11.
The Company’s security or collateral may not be sufficient, and the Company may not be able to enforce the full value of such security. Several loans granted by the Company have been encumbered with collateral, particularly in the form of land, buildings and cash. The value of such securities can fluctuate significantly due to factors beyond the control of the Company. Macroeconomic factors, which may affect the Indonesian economy, can affect and cause values of property used as security to fall significantly below the balance of the loan principal. Each decrease in the value of collateral can decrease the amount that can be regained by the Company and thereby increase allowance for impairment losses which must be allocated by the Company. Although the Company has conducted periodic surveys of its collateral, the Company does not always conduct reassessment on the property which has been appraised by an independent appraiser. Consequently, the Company may not have up-to-date information regarding the value of such collateral. In certain circumstances, the Company’s rights to such collateral may be of lower priority compared to other rights in a liquidation process. In Indonesia, although the procedure to realize the value of collateral in the form fixed assets is protected, the process of executing such collateral may face obstruction. For a more detailed discussion, please refer to the “Risks Relating to the Indonesian Banking Sector” in this section. Difficulties in execution can prevent the creditor from obtaining the value of the collateral when the Company’s debtor experiences difficulties in its obligation.
12. Reliance on short-term deposits from customers may increase the Company’s exposure to liquidity risks. Similar to most Indonesian banks, most of the Company’s deposits from customers are short-term time deposits which have a maturity of one month. If a large number of the Company’s depositors 63
fail to roll-over its deposited funds upon maturity, the Company’s liquidity position could be adversely affected. Other sources of funds that the Company may draw on in such circumstances are likely to have significantly higher costs as compared to the Company’s current funding sources, and therefore the use of these other sources of liquidity are likely to have a material adverse effect on the Company’s financial condition and performance. 13. The Company may experience significant fraud. The Company has experienced a number of incidents of employees engaging in fraudulent activities in recent years, although none of which were material. A number of weaknesses in the Company’s internal controls may have contributed to the occurrence of these fraudulent activities. While the Company has taken various steps to improve internal procedures, the steps which the Company has taken to prevent fraudulent actions may be insufficient to prevent similar instances from happening in the future. There can be no assurance that the Company will be able to avoid future material incidents of fraud. 14. The Company is subject to credit risk in relation to certain commitments and guarantees. In the ordinary course of business, the Company makes commitments and guarantees that are not reflected on its statement of financial position, including the provision of financial guarantees and letters of credit to guarantee the performance of its customers to third parties and bank acceptances. The Company is subject to credit risk on its commitments and guarantees because certain commitments and guarantees may need to be fulfilled as a result of non-performance of the Company’s customers. If the Company is not able to obtain payment from its customers in respect of these commitments and guarantees, its financial condition and results of operations may be adversely affected. 15. The Company faces foreign exchange risk. As of 31 March 2011, the Company had USD and other currency-denominated gross loans of Rp 7,136 billion and USD as well as other currency-denominated deposits from customers of Rp8,848 billion and borrowings of Rp2,076 billion. The Company’s foreign currency net open position was 1.09% as at 31 March 2011, which did not exceed the 20% limit of previous month end position of major capital and complement capital set by BI regulations. If the Rupiah depreciates significantly at any time when the Company has a significant net open position in foreign currency, such depreciation could cause the Company to suffer losses, reducing its capital adequacy ratio and requiring the Company to seek additional capital or otherwise possibly be considered to be in breach of Bank Indonesia’s minimum capital requirements. There can be no assurance that any additional capital required would be available on acceptable terms and conditions when needed to meet the minimum capital requirement. 16. The Company’s business greatly depends on the consistent operation and improvement of its information technology system. The Company’s business depends highly on the ability of information technology systems to accurately process a large volume of transactions in various markets and involving various products. The proper functioning of the Bank’s financial control, risk management, accounting, customer service and other data processing systems, as well as successful operation of the communication network among the various branches and data processing centers, is crucial to the Bank’s business and ability to compete effectively. The Company has data backups for data processing system and has formed a data and disaster recovery centre in the event of disaster or failure of the main system. The Company also seeks to protect its computer systems and network infrastructure from physical break-ins, as well as fraud and other violations. The Company cannot guarantee that its operations will not be materially disrupted if there is a failure 64
in the information technology systems or communication networks caused by factors such as software disruption, computer virus attack or conversion error due to system upgrades. Each breach of security which would result in unauthorised access to information in the system, the loss of data or corruption, and the destruction of software, hardware or computer equipment could have an adverse effect on the Bank’s business, reputation, results of operations and financial condition. The Company’s ability to remain competitive partly depends on the ability to upgrade the information technology system in a timely manner and at a low cost. As such, any additional available information and received by the Company through the existing information technology system may not be up-to-date or sufficient for planning and managing risks or responding to market changes and other developments within the Company’s operational environment. Every substantial failure to fix or upgrade the information technology system effectively or periodically could adversely impact the competitive position, financial condition and results of operations of the Company. 17. Significant decrease of liquidity may adversely affect the Company’s liquidity and the business. Although the Company has not, to date, experienced any substantial adverse effect on its assets or funding sources as a consequence of this liquidity crisis, there can be no assurance that this liquidity crisis will not, if ongoing, adversely affect the Company’s business, financial condition, results of operations or prospects. In particular, if the Company perceives a likelihood of impending deterioration of economic conditions, it may decrease its risk tolerance in its lending activities, which could have the effect of reducing its interest margin and interest income, and ultimately adversely affect the Company’s business, financial condition and results of operations. 18. The laws governing the Company are evolving, and failure to comply with such laws could harm the Company’s business and reputation. In carrying out its business, the Company is regulated principally by, and has reporting obligations to BI. The Company is also subject to banking, corporate and other laws in effect in Indonesia, including the requirement that the Company be licensed to conduct its banking and financial services operations. The Company is further subject to the banking laws and regulations of the other jurisdictions in which it has branches or subsidiaries. As a listed company in Indonesia, the Company is also subject to BAPEPAM-LK and IDX rules. The Indonesian regulatory and legal framework governing the Company differs in certain material respects from that of the jurisdiction of other countries and may continue to change as the Indonesian economy and financial markets evolve. As of November 1989, the applicable rules and regulations have undergone many changes and reform. New rules, regulations and reforms have been introduced for the purpose of providing more stringent and transparent monitoring in the banking sector. There can be no assurance that the Government or Bank Indonesia will not continue with the reforms or amend, revoke, dilute, reinforce or apply the above rules and regulations in a manner that will not be detrimental to the Company’s commercial interests. The Government has adopted Law No. 8 of 2010 on the prevention and eradication of Money Laundering Criminal Act (“MLCA”), dated 22 October 2010 which requires the financial services provider to among others report to the Financial Transaction Analysis and Reporting Centre (PPATK): (i)
suspicious financial transaction;
65
(ii)
financial transaction with a value more than Rp500,000,000 either in a single or a series of transaction in one business day; and
(iii)
financial transaction from and to overseas.
If the Company is unable to comply with the applicable rules and regulations, the Company may lose its business licences and reputation and be subject to fines, any of which could have a material adverse effect on the Company’s financial condition and results of operations. In the event of changes in regulations, the customer or counterparties may lose confidence in the Indonesian banking system, which in turn could have a negative effect on the Company’s business and customers’ deposits base. 19. The Company may be unable to detect money laundering and other illegal activities in a comprehensive or timely manner, which may expose the Company to additional liabilities and harm the Company’s business or reputation. The Company is obliged to comply with anti-money laundering, anti-terrorism and other regulations in Indonesia and other jurisdictions where the Company operates. These laws and regulations require the Company to adopt and apply “Know Your Customer” policies and procedures and report suspicious and relatively large transactions to the relevant authority in pursuant to the jurisdictions. For instance, implementation of MLCA on 17 April 2002, and as of 13 October 2003, addition to MLCA, among other things the expansion of scope of transactions requiring disclosure to Bank Indonesia with respect to foreign currency transactions and shortened period of obligation to report suspicious transactions to three working days for non-cash transactions. If existing rules and regulations are enforced on a more stringent basis, the Company may incur substantial compliance and monitoring costs. On the other hand, if the current regulation is less strictly enforced, customers or counterparties may lose confidence in the Indonesian banking system on the whole, which in turn could have a negative effect on the Company’s business and customers base. The Company is in the process of improving its anti-money laundering and anti-terrorism systems. Meanwhile, the Company has already adopted policies and procedures for detecting and preventing use of the Company’s network for money laundering activities and by and related terrorist organisations and individuals. These policies and procedures may not fully prevent cases where the Company could be used for money laundering or other illegal or improper activities. In such circumstances, the Company could fail to comply with all applicable laws and regulations and the relevant Government bodies would have the power and authority to impose fine or other sanctions on the Company, which could have an adverse effect on the Company’s financial condition and results of operations. Furthermore, the Company’s business and reputation could be affected if customers use the Company for money laundering or other illegal or improper purposes. 20. The Company is subject to risk in the consolidation of its Subsidiaries The Company consolidates the financial performance and the position of its subsidiaries to its financial statements. If the activities and performance of the subsidiaries deteriorate, this will directly impact the financial performance of the Company. In addition, the Company receives dividends from its subsidiaries, and if there is any limitation on such dividend distributions, such limitation could decrease the dividend amount received by the Company and lead to an adverse effect on the Company’s results of operations. In relation to the ownership of the Company in the subsidiaries which engages in different business activities with the Company, material risks attached to the business activities of such subsidiaries shall also have impact to the Company.
66
RISKS RELATING TO THE INDONESIAN BANKING SECTOR 1.
Failure to comply with Bank Indonesia’s rules and regulations could have a material adverse effect on the Company’s financial condition and results of operations. Principally, the Company submits to and has reporting obligations to BI. The Company is also subject to banking, corporate and other laws in effect in Indonesia from time to time. The Indonesian regulatory and legal framework governing the Company differs in certain material respects from those in effect in other jurisdictions and may continue to change as the Indonesian economy and financial markets evolve. If additional rules or regulations are introduced, the Company may incur substantial compliance and monitoring costs. Failure by the Company to comply with applicable rules and regulations could result in penalties, loss of regulatory permits and damage to business reputation, which could all have a material adverse effect on the Company’s financial condition and results of operations. BI has developed a programme for the implementation of a banking industry blueprint, called Arsitektur Perbankan Indonesia (“API”). The API programme aims to increase the capital level in the Indonesian banking system over a period of 10–15 years through, among other things, bank mergers, an increase in new capital equities, new share issues and public offerings, and issues of subordinated loans. Failure by the Company to comply with the API programme could result in fines and/or other penalties, which could have a material adverse effect on the Company’s financial condition and results of operations.
2.
Discontinuance of the Government Guarantee Programme in Indonesia may lead to instability in the banking sector. Since 26 January 1998, deposits in Indonesian banks have been guaranteed by the Government pursuant to Presidential Decree 26/1998, whilst previously deposits in Indonesian banks were not guaranteed by any Government agency. The Government Guarantee Programme will be gradually reduced from time to time, with effect from 22 March 2007. The enactment of the LPS on 22 September 2005 replaced the Government Guarantee Programme. Under the LPS, the Government’s guaranteed obligations are limited to the savings of customers of Indonesian banks in the form of current accounts, deposits, deposits certificates, savings and/or other similar forms. The value of the guarantee per customer for each bank is limited to a maximum of Rp2 billion. However, such maximum value of guaranteed deposits may be changed if liquidity shortages occur, resulting from withdrawals of deposits, a surge in inflation, or if the percentage of customers whose deposits are guaranteed falls below 90%. Any change in or termination of the LPS could lead to instability in the banking sector or the Company, including liquidity shortages caused by withdrawals of deposits. Any such instability could have a material adverse effect on the Company’s financial condition and results of operations.
3.
The credit risk of Indonesian borrowers may be higher than that of borrowers in more developed countries. Indonesian banks are subject to the credit risk that Indonesian borrowers may not make timely payments of both principal and interest on loans, and that upon such failure to pay, Indonesian banks may not be willing or able to enforce any security interest or guarantee they may have. The credit risk of Indonesian borrowers may be higher compared to that of borrowers in more developed countries due to some of the following reasons: •
greater uncertainty associated with the Indonesian regulatory, political, legal and economic environment;
•
the large foreign debt of the Government and corporations, relative to Indonesia’s gross domestic product; and
•
greater volatility of interest rates and Rupiah-US Dollar exchange rates. 67
The higher credit risk has a material adverse effect on loan portfolio quality and exposes Indonesian banks, including the Company, to more potential losses and higher risks than banks in more developed countries. Such losses would have a material adverse effect on the Company’s financial condition, liquidity, and results of operations. 4.
The banking sector in Indonesia remains vulnerable to volatility in interest rates. Like most financial institutions, Indonesian banks realise income from the margin, or “spread”, between interest received from interest-earning assets, such as investments and loans, and the interest paid on interest-bearing liabilities, such as deposits and borrowings. The business of Indonesian banks, including the Company’s, is subject to fluctuations in market interest rates as a result of mismatches in the re-pricing of assets and liabilities. The ability of an Indonesian bank to manage interest rate risk is limited by the effect of the Government’s guaranteed interest rate, which may not reflect the rate that would otherwise exist in the market. These interest rate fluctuations are neither predictable nor controllable and may have a material adverse impact on the operations and financial condition of Indonesian banks, such as the Company.
5.
Independent information related to borrowers’ credit history in Indonesia is limited. Indonesia does not have a central credit agency or bureau which keeps information on Indonesian borrowers’ credit history, including information such as timeliness of loan repayments. There is also no domestic credit rating agency in Indonesia with a sufficiently wide coverage of Indonesian borrowers. The only centralised source of information on borrowers which Indonesian banks may rely on in their credit approval process is the limited information kept by Bank Indonesia on borrowers with loans over Rp50 million. The absence of detailed information makes it difficult for Indonesian banks to assess the credit worthiness of loan or credit card applicants, which may result in an increase in NPLs, credit card receivables or provisions for losses.
6.
Enforcement difficulties may prevent lenders from recovering the assessed value of collateral when the Company’s borrowers default on their obligations in Indonesia. Indonesian banks may not be able to fully recover collateral or enforce any guarantees due, in part, to the legal uncertainties in enforcing such rights. Although the law provides for expedited procedures for the enforcement of certain types of collateral, in practice lenders generally end up submitting a petition to an Indonesian court or face challenges by borrowers which could result in delays that can last up to several years and lead to deterioration in both the physical condition and market value of the collateral, particularly where the collateral is in the form of inventory or receivables. In addition, such collateral may not be insured. In the past, these factors have exposed, and continue to expose, lenders in Indonesia to legal liability while in possession of collateral. The current difficulty of bringing enforcement actions under the Indonesian legal system significantly reduces the ability of lenders to realise the value of collateral located in Indonesia and therefore reduces the effectiveness of taking a secured position on loans to Indonesian borrowers. In addition, there can be no assurance that lenders will be able to realise the full value, or any value, of any collateral located in Indonesia in a bankruptcy or foreclosure proceeding or otherwise, especially as the value of secured assets such as real property and inventory has been, and may continue to be, negatively affected by the current political, economic and social conditions in Indonesia.
7.
Continuously developing policies, provisions and regulations in Indonesia may affect the Company. In response to the 1997 Asian financial crisis, the Government, through BI, undertook significant reforms including closing, liquidating, selling interests in or merging a number of Indonesian banks. BI also developed a programme for the implementation of a banking industry blueprint which is called API. The API reform measures were aimed at strengthening the banking system by encouraging bank mergers, new share issues and public offerings and issues of subordinated 68
debt. We cannot assure you that BI will not take certain actions in relation to Indonesian banks, including us, such as forced acquisitions or mergers, bank closures, interest rate hikes and increases in regulatory capital requirements or exchange controls. The Company’s failure to comply with applicable laws and regulations could result in fines and/or other penalties, loss of its banking licence and harm to its business reputation, which could have a material adverse effect on the Company’s financial condition and results of operations. RISKS RELATING TO INDONESIA The Company is subject to the political, economic, legal and regulatory environment in Indonesia. Investing in Indonesia involves various risks, including the following: 1.
A downturn in Indonesian economic conditions could affect the Company’s financial performance. The Company’s financial condition and performance depend on the Indonesia economy condition. A decline in the Indonesian economy could have an adverse effect on the business operation of the Company. Although Indonesia has significantly reduced its budget deficit and stabilized its exchange rate since the 1997 Asian financial crisis, Indonesia’s outstanding external loans are still recorded in a large amount. Indonesia still faces problems relating to its limited foreign exchange reserves, Rupiah exchange rate volatility and developing banking sectors. A downturn in the economic condition could have a material adverse effect on the Company’s debtors and thus on the financial condition and operations of the Company, including specifically asset quality and the prospect of the granting of loans. Indonesia has relied on foreign loans to finance its fiscal deficit, including official development aid from foreign governments and loans from financing organisations such as the World Bank, Asian Development Bank (“ADB”) and Paris Club, an informal financial club comprised of several foreign governmental creditors. Indonesian fund policy at that time was funded with external aid and foreign loans from official sources. At the time of the 1997 Asian financial crisis, the Indonesian Government obtained foreign loans from the IMF, which purported to support Indonesia’s payment stability, when foreign exchange reserves decreased and the Rupiah value diminished. The IMF loans have been repaid in full by the Government before they matured in October 2006. Post-crisis, Indonesia has succeeded in completing the three steps of rescheduling its debts from the Paris Club, extend the maturity date and reduce the principal amount. Indonesia is no longer reliant on external lending. As of 1998, the government issued domestic debt as part of a programme to capitalize Indonesian banks, and in 2002, the government began to issue bonds denominated in Rupiah in the domestic market. Supported by regulatory improvement and Government support, the secondary market for government bonds has continued to improve. Although there were efforts to diversify its financing, there is no guarantee the Government will be able to secure funding. Volatile market conditions render the Company to be at the risk of investors avoiding assets with perceived higher risks. Moreover, unprecedented levels of debt issuance by emerging market governments to finance domestic economies and banking systems have resulted in an unprecedented supply of debt instruments and possible investor fatigue. The inability of the Government to successfully access the local and external capital markets and to obtain other additional financing sources, as well as to secure commitments from multilateral institutions and other lenders, may result in failure by the government to pay its debt. Such failure could cause an economic crisis, which may in turn have a material impact on the Company. The government may also seek alternative financing structure loans with various multilateral lending institutions or other lenders, the impact of which is currently unknown. 69
2.
Disruptions in the financial sector may adversely affect the Company’s business. The 1997 Asian financial crisis resulted in significant financial and operating difficulties in the Indonesian banking sector. These difficulties include interest rate volatility, liquidity constraints, low or negative interest margins, low deposit growth, deterioration of asset and credit quality, declining collateral values, substantial NPL, low or negative loan growth and potential or actual under-capitalisation. The Asian financial crisis also caused a substantial depreciation in the value of the Rupiah and depletion of Indonesia’s foreign currency reserves which caused a reliance on multilateral lenders and creditor groups to prevent sovereign debt defaults. Since December 2008, the banking sector increased credit growth, reduced non-performing loans and increased the capital adequacy ratio and loan to deposit ratios. Further disruptions in the financial sector or adverse economic conditions may hinder the financial recovery of the Indonesian banking sector in general and of the Company in particular. In 1998, the Government established IBRA to restructure the banking system. In 1999, the Government, through BI and IBRA, carried out significant reforms including closing, liquidating and selling interests in or merging a number of banks. When IBRA’s five-year mandate ended on 27 February 2004, Government Regulation and Presidential Decrees were issued, establishing a state-owned asset management company, PT Perusahaan Pengelola Aset (Persero), to manage on behalf of the Ministry of Finance the non-disputed assets previously held by IBRA. IBRA’s duties with regard to the Government Guarantee Programme will be carried out by the Ministry of Finance through the Unit Pelaksanaan Penjaminan Pemerintah, (Government Guarantee Programme Implementation Unit or “UP3”) for this purpose. The Government Guarantee Programme was implemented by the Ministry of Finance in 1998 and guarantees deposits in Indonesian banks. By its terms, the guarantee will be automatically extended at six-month intervals unless the Ministry of Finance announces otherwise. The Government Guarantee Programme was concluded on 22 September 2005 when the LPS was introduced. Neither the notes nor any other subordinated indebtedness of the Company are covered by the Government Guarantee Programme or the LPS that replaced the Government Guarantee Programme. A default by the Government on the Government recapitalisation bonds that were used to recapitalise a number of banks in Indonesia would have a material adverse effect on both the Company and the Indonesian banking sector as a whole. There can be no assurance that the Government, acting through BI or otherwise, will not take additional actions toward Indonesian banks, such as the Company, including forced acquisitions or mergers, bank closures, increases in interest rates, regulatory capital requirements or exchange controls. There can be no assurance that the Government Guarantee Programme will be continued in its present form or at all.
3.
Instability in the financial conditions of other countries, particularly emerging market countries, could have an adverse effect on the Company’s business and financial performance. There has been unprecedented and intensifying disruption and volatility in global capital and credit markets since mid-2007, when deterioration in asset prices in the United States sub-prime residential mortgage market began to impinge substantially on liquidity in the United States, and later in European and Asian capital and credit markets. This disruption and volatility further intensified after Lehman Brothers Inc. announced its bankruptcy in the United States on 15 September 2008 and the US Federal Reserve intervened with respect to the insurer, American International Group, on 16 September 2008. The share prices of numerous financial institutions drastically declined, leading to mark-to-market write-downs in the portfolios of numerous financial institutions, subsequently causing many of them to raise new capital or to merge with larger financial institutions, either voluntarily or under government interventions. In some cases, these portfolios failed. Numerous countries, including the United States, England, Japan and France
70
were forced to inject large amounts of capital into their financial sectors, adopting policies such as comprehensive nationalization of various failed institutions; such policies may be required in the future as well. The Indonesian economy has been affected by the factors discussed above, among others. The loss of investor confidence in the financial system and financial volatility throughout the world economy could have an adverse effect on the Indonesian banking sector and economy, which could in turn have a material adverse effect on the Company’s business, financial condition, results of operations and prospects. 4.
Future changes in the value of the Rupiah against the US Dollar and other currencies could adversely affect the Company’s business. Since July 1997, the Rupiah has been subject to significant depreciation and volatility against the US Dollar and other currencies. Depreciation or volatility of the Rupiah or changes in the Government’s exchange rate policies may result in significantly higher domestic interest rates, liquidity, shortages, sovereign and corporate loan defaults, capital or exchange controls and withholding of further financial assistance by multilateral institutions. This could result in a reduction of economic activity, an economic recession, loan defaults and increases in the prices of imports. These consequences could have a material adverse effect on the Indonesian economy, as well as on the Company’s financial condition, and results of operations and ability to make payments on foreign currency denominated obligations. The Rupiah has generally been freely convertible and transferable, except that Indonesian banks are restricted from transferring Rupiah to any bank account (offshore and onshore) for the benefit of non-residents, which includes foreign individuals, foreign legal entities and Indonesian citizens with permanent resident status outside of Indonesia and Indonesian or foreign banks domiciled offshore. However, from time to time, Bank Indonesia has intervened in the currency exchange markets in furtherance of its policies, either by selling Rupiah or by using its foreign currency reserves to purchase Rupiah. There can be no assurance that the current floating exchange rate policy of Bank Indonesia will not be modified, that further depreciation of the Rupiah against other currencies (including the US Dollar) will not occur, or that the Government will take other actions to stabilise, maintain or increase the value of the Rupiah, if taken, will be successful. Because the Company does not generate significant revenues in US Dollars, a sustained and significant appreciation in the value of the US Dollar against the Rupiah could have an adverse effect on the Company’s ability to meet any obligation denominated in US Dollars. Any of the foregoing consequences could materially and adversely affect the Company’s businesses, financial condition, results of operations and prospects.
5.
A continued increase in oil prices could adversely affect the Indonesian economy. Future increases in the global cost of oil may negatively affect Indonesia’s economic growth and stability. The economic and political conditions in Indonesia make it difficult to predict whether oil will continue to be available at prices that will not harm economic growth and stability. For example, in October 2008, the Government implemented new policies, including a reduction in fuel subsidies that resulted in significant political tensions. In addition to reducing fuel subsidies, policies have been formulated to reduce reliance on the use of oil as a main source of energy and improve the supply of oil that can be produced domestically to allow Indonesia to become a net exporter of oil. There can be no assurance that future increases in oil prices in Indonesia will not occur and will not lead to political, social and economic instability, which in turn could have a material adverse effect on the Company’s businesses, financial condition and results of operations.
71
6.
Determination of credit ratings of Indonesia and Indonesian companies could materially and adversely affect the Company. Entering 2011, various international credit rating agencies have upgraded Indonesia’s sovereign credit rating and the ratings of a large number of Indonesian banks and companies. Indonesia’s sovereign foreign currency long-term debt was rated “BB+” by S&P and “BB+” by Fitch, and “Ba1” by Moody’s. These ratings reflect an assessment of the Government’s overall financial capacity to pay its obligations and its ability or willingness to meet its financial commitments as they become due. No assurance can be given that international credit rating institutions will not further downgrade the credit ratings of Indonesia or Indonesian companies. Any such downgrade could have an adverse impact on liquidity in the Indonesian financial markets and the ability of the Government and Indonesian companies, including the Company, to raise additional funds. When and if such additional financing is available, the interest rates and other commercial terms of such financing may be unfavourable and thus have a material adverse effect on the Company’s business results of operations.
THE COMPANY’S MANAGEMENT STATES THAT ALL RISKS FACED BY THE COMPANY IN CONDUCTING ITS BUSINESS ACTIVITIES HAVE BEEN DISCLOSED AND ARRANGED BASED ON THE WEIGHT OF THE IMPACT OF EACH RISK TO THE FINANCIAL PERFORMANCE OF THE COMPANY IN THE PROSPECTUS. THE COMPANY’S MANAGEMENT HAS DISCLOSED ALL RISKS FACED BY THE COMPANY.
72
VI.
SIGNIFICANT EVENTS SUBSEQUENT TO THE DATE OF INDEPENDENT AUDITOR’S REPORT
There are no events with material impact on the financial and business result of the Company which have occurred after the date of the Independent Auditor report dated 12 August 2011 on the Consolidated Financial Statements ended 31 March 2011 and which has been audited by the Registered Public Accountant of Siddharta & Widjaja with an unqualified opinion and includes an explanation that the Company and its Subsidiaries have implemented certain SFAS which has been in effect as of 1 January 2011, both prospectively or retrospectively, as well as an explanation in relation to the re-issuance of the Company’s consolidated financial statements as of and for the three months period ended 31 March 2011, in order to adjust the presentation in accordance with the capital market regulations, in relation to the Company’s plan to conduct LPO V for the purpose of Rights Issue.
73
VII. 1.
INFORMATION ON THE COMPANY AND ITS SUBSIDIARIES
Brief Background of the Company The Company is domiciled in Jakarta and was initially established under the name of PT Bank Kopra pursuant to Deed of Establishment No. 134 dated 16 July 1956, drawn up before Meester Raden Soedja, SH., Notary in Jakarta. The deed was approved by the Minister of Justice of the Republic of Indonesia by virtue of Decree No. J.A.5/40/8 dated 24 April 1957, registered at the Jakarta District Court under No. 845 on 7 May 1957 and announced in the State Gazette of the Republic of Indonesia No. 46 dated 7 June 1957, Supplement No. 664. The Company obtained a business licence on 30 September 1958 from the Minister of Finance of the Republic of Indonesia to qualify as a Commercial Bank by virtue of his Decree No. 161259/U.M.II, and The Company then became a foreign exchange bank starting 5 November 1988 by virtue of Decree of the Board of Directors of Bank Indonesia No. 21/10/Dir/UPPS. On 31 August 1981, the Company merged with PT Bank Asia Afrika Banking Corporation Ltd. This merger was approved by the Minister of Finance of the Republic of Indonesia by virtue of Decree No. Kep-27/KM.11/1981 dated 26 August 1981. In 1989, the Company held an initial public offering of 12,000,000 (twelve million) shares with a par value of Rp1,000 (one thousand Rupiah) per share to the public at an offering price per share of Rp12,000 (twelve thousand Rupiah). In 1994, the Company held the Limited Public Offering I in relation to the issuance of Rigths for a maximum of 224,000,000 (two hundred and twenty four million) shares with a par value of Rp1,000 (one thousand Rupiah) per share for an offering price per share of Rp1,500 (one thousand five hundred Rupiah). In 1996, the Company held the Limited Public Offering II in relation to the issuance of Rigths for a maximum of 560,000,000 (five hundred and sixty million) shares with a par value of Rp1,000 (one thousand Rupiah) per share for an offering price per share of Rp1,500 (one thousand five hundred Rupiah). On 30 June 1996, the Company conducted merger with PT Bank Delta. As part of the merger, PT Bank Delta transferred all of its assets, receivables, rights and obligations to the Company prior to liquidation and all of its assets, receivables, rights and obligation were by virtue of law transferred to the Company. Based on Decree of the Board of Directors of Bank Indonesia No. 30/229/KEP/DIR dated 14 February 1998 (“BOD Decree No. 30/229”) on the placement of PT Bank Danamon Indonesia Tbk. under the Restructuring Programme, the Company was placed under a restructuring programme whereby Bank Indonesia delegated developmental and supervisory duties for such restructuring to the IBRA. By virtue of Letter No. S-1/PROG/BPPN/1998 dated 14 February 1998 (“Letter No. S-1/PROG”), IBRA then declared the placement of the Company under IBRA control for the purposes of the restructuring programme as well as to overcome financial problems faced by the Company. Under IBRA supervision, the Company was legally bound to settle its obligations to Bank Indonesia and/or the Government, including settling its non-performing loans. Pursuant to Decree of IBRA Chairman No. 2/BPPN/1998 dated 4 April 1998 regarding the Takeover of Operations of the Company for the Purposes of the Bank Restructuring Programme, IBRA or another party appointed by IBRA was permitted to take over the operations and management of the Company. IBRA also issued a letter to the shareholders of the Company by 74
virtue of Letter No. S-293-a-c/PROG/BPPN/II/99 dated 27 February 1999 regarding Notification and Approval regarding the Rights and Authorities of Shareholders of the Company (“Letter No. 293-a-c/PROG”). In relation to the completion of programmes for the recapitalization and transfer of the Company’s non-performing assets to IBRA (Asset Management Unit), IBRA by virtue of Letter No. 437c/ BPPN/0699 dated 1 July 1999 to the Company stated that Letter No. S-1/PROG and Letter No. 293-a-c/PROG were declared invalid, which revocations would only be effective if the business plan of the Company was approved by IBRA. Revocations of the above letters would not prejudice the authorities of IBRA as referred to in BOD Decree No. 30/229 regarding the placement of the Company in the Restructuring Programme. On 5 April 1999, the Company held Limited Public Offering III to the shareholders for the issuance of Rights for a maximum 215,040,000,000 (two hundred and fifteen billion forty million) series B shares with a par value of Rp5 (five Rupiah) per share for an offering price per share of Rp150 (one hundred and fifty Rupiah). Following the approval of the Company’s business plan, the Revocation of Letter No. S-1/PROG and Letter No. 293-a-c/PROG, as stated above, became effective when IBRA published Letter No. PB-530/BPPN/0899, dated 8 September 1999. Following which, the authority of the board of directors and the board of commissioners of the Company in the case of credit expansion, resolution of the Company’s non-performing loans, sale of collateral under the control of the Company and other powers of the Company was reinstated in accordance with the Company’s articles of association. In addition, the Company was required to submit monthly reports to IBRA in relation to the exercise of said authority of the board of directors and the board of commissioners. On 31 August 1999, the Company shareholders approved the merger plan between the Company and PT Bank PDFCI Tbk., in which the Company acted as the bank accepting the merger. This merger became effective on 30 December 1999, upon the approval of the Minister of Law and Legislation of the merger plan as set forth in Deed No. 31 dated 31 August 1999 and Deed No. 2 dated 15 September 1999 which was drawn up before Hendra Karyadi, SH., Notary in Jakarta, following the receipt of approval from Bank Indonesia Senior Governor Decision No. 1/16/ KEP.DGS/1999 dated 20 December 1999. On 11 October 1999, IBRA’s Chairman issued SK-421/BPPN/1099, followed by Letter No. PB-717/BPPN/1299 dated 1 December 1999, stating IBRA’s willingness, in principle, to conduct the organisational restructuring of the banks under IBRA’s management through a merger. PT Bank Duta Tbk., PT Bank Rama Tbk., PT Bank Tamara Tbk., PT Bank Tiara Asia Tbk., PT Bank Nusa Nasional, PT Bank Pos Nusantara, PT Jayabank International and PT Bank Risjad Salim Internasional (together, the “Merging Banks”) were placed in the Bank Restructuring Programme by Bank Indonesia. As an effort to restructure the Merging Banks, IBRA has decided to merge the Merging Banks (the “Merger”) into the Company. The merger was seen as an important step towards the recovery of Indonesia’s economy. The Merger was stipulated by Decree of the Head of IBRA No. SK347/BPPN/0300 dated 27 March 2000 regarding the Implementation of Merger between PT Bank Danamon Indonesia, Tbk. with the Merging Banks in the Bank Restructuring Programme. The merger of the merging banks into the Company reflects the Government’s efforts to establish a robust and competitive Indonesian private bank, capable of meeting the CAR requirements and other provisions specified by Bank Indonesia and taking a step towards consolidating Indonesia’s banking sector.
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The above plan was based on the consideration that the Merging Banks were, since February 1998 and March 1999, placed under IBRA’s Restructuring Programme. In accordance with its function as a banking restructuring institution responsible for executing the bank restructuring programme, IBRA may take certain acts such as to merge banks under such restructuring with other national banks or financial institutions. IBRA conducted a thorough examination into the condition of each of the Merging Banks. The research showed that the high interest rate for savings compared to the interest rate of loan and the high level of NPLs had caused each of the Merging Banks to experience a continued high negative spread. IBRA chose to include the Company as part of the Merger, which, upon recapitalization, showed a positive capital structure with a CAR above 4%. Deed No. 22 dated 17 May 2000 regarding the Merger had been signed before Hendra Karyadi, SH, Notary in Jakarta, between the Company and the Merging Banks, pursuant to which the Merging Banks had agreed to consolidate their business which the Company acted as the survival bank, while the other merging banks were legally dissolved on the effective date of merger. Pursuant to Decree of Senior Deputy Governor of Bank Indonesia No. 2/8/KEP.DGS/2000 dated 30 June 2000, Bank Indonesia had approved the merger of the Merging Banks into the Company and this merger became effective as of the approval of Minister of Law and Legislation No. C-12650.HT.01.04.TH.2000 dated 30 June 2000. AFI, a company established under the laws of Singapore, purchased 2,502,530,220 Series B shares of the Company or representing approximately 51% of all shares issued by the Company on 16 June 2003 based on the Sale and Purchase Agreement relating to the Sale of Shares in PT Bank Danamon Indonesia, Tbk. between AFI and IBRA on 21 May 2003. Fullerton is indirectly owned by Temasek Holdings (Private) Limited. Afterwards on 2 September 2003, AFI increased its ownership by 338,288,000 series B shares of the Company or approximately 6.89% of the shares issued by the Company. In the following years, AFI increased its ownership of the Company’s shares so that its ownership of the Company’s shares totals 3,424,842,220 series B shares or representing approximately 68% of Series B shares. Following the completion of the Bank Restructuring Programme, IBRA reverted to Bank Indonesia through Letter No. PB-334/BPPN/0204, dated 25 February 2004 and Decision No. 39/BPPN/ 0204, dated 25 February 2004, representing the completion of the Company’s restructuring and returning control of the Company back to Bank Indonesia. IBRA also stated that in principal, the Company met the requirements and provisions of IBRA and Bank Indonesia and it was ready to be handed back to Bank Indonesia, and the Bank In Restructuring (BDP) status of the Company may be revoked. The Decision of IBRA No. 39/BPPN/0204 is supported by the Decision of the Governor of Bank Indonesia No. 6/3/KEP.GBI/2004 dated 29 March 2004, regarding The Revocation of Bank in restructuring Status upon PT Bank Danamon Indonesia Tbk. Since the issuance of Prospectus for Limited Public Offering IV, the Articles of Association of the Company have been amended several times with the latest amendment set out in Deed of Amendment to the Articles of Association No. 3 dated 12 August 2011, drawn up before Pahala Sutrisno Amijoyo Tampubolon, SH., Notary in Jakarta, which pursuant to Cover Letter from Notary Pahala Sutrisno Amijoyo Tampubolon No. 06/PSAT dated 12 August 2011, Deed No. 3/2011 is in the process of notification to the Minister of Law and Human Rights. Such deed sets forth an amendment regarding the increase of issued and paid up capital of the Company for the purposes of implementation of the E/MSOP programme.
76
2.
Development of the Company’s Share Ownership The capital structure and shareholder composition of the Company from the establishment of the Company up to Limited Public Offering IV was disclosed in the Prospectus of Limited Public Offering IV as issued on 19 March 2009. The following tables provide the shareholder compositions and capital structures of the Company since Limited Public Offering IV of 2009 up to the date of issuance of this Prospectus. Based on a resolution of the EGMS dated 26 March 2004, the Company agreed to increase its issued and paid-up capital without pre-emptive rights for the purposes of the E/MSOP Programme by issuing series B shares with a par value of Rp500 per share in an amount not exceeding 245,346,100 (“E/MSOP Shares”) or a total of Rp122,673,050,000. Rights option was granted in 4 stages, 1 July 2004, 8 November 2004, 1 July 2005, and 1 July 2006. The exercise period for rights option begins on July 1, 2005 and completed in its entirety on 1 July 2011 thus, there is no more E/MSOP exercised after such date. Until the end of E/MSOP Program on 1 July 2011, there has been an exercised shares option in the amount of 200,542,850 shares or reached 81.74% from the total addition of issued/paid up capital agreed by the EGMS held on 26 March 2004. Since the Limited Public Offering IV until the date of publication of this Prospectus, the issued and paid-up capital of the Company has increased, including the implementation of the E/MSOP, so that the Company’s capital structure is as follows: 2009 Based on the Deed of Minutes of EGMS No. 32 dated 23 March 2009 as later restated in Deed of Restatement of Resolutions of EGMS No. 67 dated 22 May 2009, both drawn up before Fathiah Helmi, SH, Notary in Jakarta, the shareholders of the Company agreed to approve Limited Public Offering IV with Rights Issue of common shares with the number of shares offered being a maximum 3,328,206,411 series B shares and the implementation of the E/MSOP Programme in the amount of 0.18% from E/MSOP Shares. The amount of shares issued by the company through the Limited Public Offering IV was 3,314,893,116. Accordingly, the capital structure and shareholder composition of the Company after Limited Public Offering IV were as follows: Total Shares
Total Par Value
Details Series B Shares
22,400,000
17,760,000,000
1,120,000,000,000
8,880,000,000,000
—
5,674,493,482
—
2,837,246,741,000
67.86
Public*
22,400,000
2,664,874,334
1,120,000,000,000
1,332,437,167,000
32.14
Total issued and paid-up capital
22,400,000
8,339,367,816
1,120,000,000,000
4,169,683,908,000
100.00
Authorised Capital
Series B Shares @ Rp500
%
Series A Shares
Series A Shares @ Rp50,000
Issued and Fully Paid-up Capital Asia Financial (Indonesia) Pte Ltd
Total Portfolio Shares
9,420,632,184
* Ownership below 5%
77
4,710,316,092,000
Based on Deed No. 19 dated 26 August 2009, drawn up before Pahala Sutrisno Amijoyo Tampubolon SH., MKn, Notary in Jakarta, an increase in issued and fully paid-up capital of 5.32% from E/MSOP Shares took place as a result of implementation of E/MSOP and accordingly the capital structure and shareholder composition of the Company were as follows: Total Shares
Total Par Value
Details Series B Shares
22,400,000
17,760,000,000
1,120,000,000,000
8,880,000,000,000
—
5,674,493,482
—
2,837,246,741,000
67.76
Public*
22,400,000
2,677,627,634
1,120,000,000,000
1,338,813,817,000
32.24
Total issued and paid-up capital
22,400,000
8,352,121,116
1,120,000,000,000
4,176,060,558,000
100.00
Authorised Capital
Series B Shares @ Rp500
%
Series A Shares
Series A Shares @ Rp50,000
Issued and Fully Paid-up Capital Asia Financial (Indonesia) Pte Ltd
Total Portfolio Share
9,407,878,884
4,703,939,442,000
* Ownership below 5%
Based on Deed of Amendment to the Articles of Association No. 03 dated 7 October 2009, drawn up before Charlon Situmeang SH as a substitute of Pahala Sutrisno Amijoyo Tampubolon, SH., M.Kn., Notary in Jakarta, an increase of 2.92% from E/MSOP Shares in the issued and paid-up capital took place as a result of implementation of E/MSOP so that the capital structure and shareholder composition of the Company were as follows: Total Shares
Total Par Value
Details Series B Shares
22,400,000
17,760,000,000
1,120,000,000,000
8,880,000,000,000
—
5,674,493,482
—
2,837,246,741,000
67.70
Public*
22,400,000
2,684,786,134
1,120,000,000,000
1,342,393,067,000
32.30
Total issued and paid-up capital
22,400,000
8,359,279,616
1,120,000,000,000
4,179,639,808,000
100.00
Authorised Capital
Series B Shares @ Rp500
%
Series A Shares
Series A Shares @ Rp50,000
Issued and Fully Paid-up Capital Asia Financial (Indonesia) Pte Ltd
Total Portfolio Shares
9,400,720,384
* Ownership below 5%
78
4,700,360,192,000
2010 Based on Deed of Amendment to the Articles of Association No. 4 dated 11 January 2010, drawn up before Pahala Sutrisno Amijoyo Tampubolon, SH., M.Kn., Notary in Jakarta, an increase of 3.55% from E/MSOP Shares in the issued and paid-up capital took place as a result of implementation of E/MSOP so that the capital structure and shareholder composition of the Company were as follows: Total Shares
Total Par Value (Rp)
Details Series B Shares
22,400,000
17,760,000,000
1,120,000,000,000
8,880,000,000,000
—
5,674,493,482
—
2,837,246,741,000
67.63
Public*
22,400,000
2,693,489,634
1,120,000,000,000
1,346,744,817,000
32.37
Total of Issued and Fully Paid-up Capital
22,400,000
8,367,983,116
1,120,000,000,000
4,183,991,558,000
100.00
—
9,392,016,884
—
4,696,008,442,000
Authorised Capital
Series B Shares @ Rp500
%
Series A Shares
Series A Shares @ Rp50,000
Issued & Fully Paid-up Capital: Asia Financial (Indonesia) Pte. Ltd
Total Portfolio Share * Ownership below 5%
Based on the Deed of Amendment to the Articles of Association No. 27 dated 20 April 2010, drawn up before Pahala Sutrisno Amijoyo Tampubolon, SH., MKn., Notary in Jakarta, an increase of 2.13% from E/MSOP Shares in the issued and paid-up capital took place as a result of implementation of E/MSOP so that the capital structure and shareholder composition of the Company were as follows: Total Shares
Total Par Value (Rp)
Details Series B Shares
22,400,000
17,760,000,000
1,120,000,000,000
8,880,000,000,000
—
5,674,493,482
—
2,837,246,741,000
67.59
Public*
22,400,000
2,698,725,634
1,120,000,000,000
1,349,362,817,000
32.41
Total of Issued and Fully Paid-up Capital
22,400,000
8,373,219,116
1,120,000,000,000
4,186,609,558,000
100.00
—
9,386,780,884
—
4,693,390,442,000
Authorised Capital
Series B Shares @ Rp500
%
Series A Shares
Series A Shares @ Rp50,000
Issued & Fully Paid-up Capital: Asia Financial (Indonesia) Pte. Ltd
Total Portfolio Share * Ownership below 5%
79
Based on Deed of Amendment to the Articles of Association No. 18 dated 21 July 2010, drawn up before Pahala Sutrisno Amijoyo Tampubolon, SH., MKn., Notary in Jakarta, an increase of 7.94% from E/MSOP Shares in the issued and paid-up capital took place as a result of implementation of E/SOP so that the capital structure and shareholder composition of the Company were as follows: Total Shares
Total Par Value (Rp)
Details Series B Shares
22,400,000
17,760,000,000
1,120,000,000,000
8,880,000,000,000
—
5,674,493,482
—
2,837,246,741,000
67.43
Public*
22,400,000
2,718,194,984
1,120,000,000,000
1,359,097,492,000
32.57
Total of Issued and Fully Paid-up Capital
22,400,000
8,392,688,466
1,120,000,000,000
4,196,344,233,000
100.00
—
9,367,311,534
—
4,683,655,767,000
Authorised Capital
Series B Shares @ Rp500
%
Series A Shares
Series A Shares @ Rp50,000
Issued & Fully Paid-up Capital: Asia Financial (Indonesia) Pte. Ltd
Total Portfolio Share * Ownership below 5%
2011 Based on Deed of Amendment to the Articles of Association of the Company No. 2 dated 11 January 2011, drawn up before Pahala Sutrisno Amijoyo Tampubolon, SH., MKn. Notary in Central Jakarta, from the period of 1 October 2010 up to 31 December 2010 there was an increase of the issued and paid up capital as a result of implementation of E/MSOP of 1.17% from E/MSOP Shares, so that the capital structure and shareholder composition of the Company were as follows: Number of Shares
Total Par Value (Rp)
Details Series B Shares
22,400,000
17,760,000,000
1,120,000,000,000
8,880,000,000,000
—
5,674,493,482
—
2,837,246,741,000
67.42
Public*
22,400,000
2,720,231,984
1,120,000,000,000
1,360,115,992,000
32.58
Total of Issued and Fully Paid-Up Capital
22,400,000
8,394,725,466
1,120,000,000,000
4,197,362,733,000
100.00
—
9,365,274,534
—
4,682,637,267,000
Authorised Capital
Series B Shares @ Rp500
%
Series A Shares
Series A Shares @ Rp50,000
Issued & Fully Paid-Up Capital: Asia Financial (Indonesia) Pte. Ltd
Total Portfolio Share * Ownership below 5%
80
Based on Deed of Amendment to the Articles of Association of the Company No. 25 dated 30 March 2011, drawn up before Pahala Sutrisno Amijoyo Tampubolon, SH., MKn. Notary in Central Jakarta, there was an increase of issued and paid up capital as a result of implementation of E/MSOP of 0.24% from E/MSOP Shares, so that the capital structure and shareholder composition of the Company were as follows: Total Shares
Total Par Value (Rp)
Details Series B Shares
22,400,000
17,760,000,000
1,120,000,000,000
8,880,000,000,000
—
—
5,674,493,482
—
2,837,246,741,000
67.41
Public*
22,400,000
2,720,809,484
1,120,000,000,000
1,360,404,742,000
32.59
Total of Issued and Fully Paid-up Capital
22,400,000
8,395,302,966
1,120,000,000,000
4,197,651,483,000
100.00
—
9,364,697,034
—
4,682,348,517,000
Authorised Capital
Series B Shares @ Rp500
%
Series A Shares
Series A Shares @ Rp50,000
Issued & Fully Paid-up Capital: Asia Financial (Indonesia) Pte. Ltd
Total Portfolio Share * Ownership below 5%
Based on Deed of Amendment to the Articles of Association of the Company No. 6 dated 12 April 2011, drawn up before Pahala Sutrisno Amijoyo Tampubolon, SH., Notary in Central Jakarta, there was an increase of the issued and paid up capital as a result of implementation of E/MSOP of 0.06% from E/MSOP Shares, so that the capital structure and shareholder composition of the Company were as follows: Total Shares
Total Par Value (Rp)
Details Series B Shares
22,400,000
17,760,000,000
1,120,000,000,000
8,880,000,000,000
—
—
5,674,493,482
—
2,837,246,741,000
67.41
Public*
22,400,000
2,720,949,984
1,120,000,000,000
1,360,474,992,000
32.59
Total of Issued and Fully Paid-up Capital
22,400,000
8,395,443,466
1,120,000,000,000
4,197,721,733,000
100.00
—
9,364,556,534
—
4,682,278,267,000
Authorised Capital
Series B Shares @ Rp500
%
Series A Shares
Series A Shares @ Rp50,000
Issued & Fully Paid-up Capital: Asia Financial (Indonesia) Pte. Ltd
Total Portfolio Share * Ownership below 5%
81
Based on Deed of Amendment to the Articles of Association of the Company No. 2 dated 5 May 2011, drawn up before Pahala Sutrisno Amijoyo tampubolon, SH., Notary in Central Jakarta, there was an increase of the issued and paid up capital as a result of implementation of E/MSOP of 0.51% from E/MSOP Shares, so that the capital structure and shareholder composition of the Company were as follows: Total Shares
Total Par Value (Rp)
Details Series B Shares
22,400,000
17,760,000,000
1,120,000,000,000
8,880,000,000,000
—
—
5,674,493,482
—
2,837,246,741,000
67.40
Public*
22,400,000
2,722,202,984
1,120,000,000,000
1,361,101,492,000
32.60
Total of Issued and Fully Paid-up Capital
22,400,000
8,396,696,466
1,120,000,000,000
4,198,348,233,000
100.00
—
9,363,303,534
—
4,681,651,767,000
—
Authorised Capital
Series B Shares @ Rp500
%
Series A Shares
Series A Shares @ Rp50,000
Issued & Fully Paid-up Capital: Asia Financial (Indonesia) Pte. Ltd
Total Portfolio Share * Ownership below 5%
Based on Deed of Amendment to the Articles of Association of the Company No. 14 dated 13 July 2011, drawn up before Pahala Sutrisno Amijoyo tampubolon, SH., Notary in Central Jakarta, there was an increase of the issued and paid up capital as a result of implementation of E/MSOP of 1.31% from E/MSOP Shares, so that the capital structure and shareholder composition of the Company were as follows: Total Shares
Total par Value (Rp)
Details Authorised Capital
Series B Shares @ Rp500
%
Series A Shares
Series B Shares
Series A Shares @ Rp50,000
22,400,000
17,760,000,000
1,120,000,000,000
8,880,000,000,000
—
Issued & Fully Paid-up Capital: Asia Financial (Indonesia) Pte. Ltd
—
5,674,493,482
–
2,837,246,741,000
67.37
Public*
22,400,000
2,725,411,484
1,120,000,000,000
1,362,705,742,000
32.63
Total of Issued and Fully Paid-up Capital
22,400,000
8,399,904,966
1,120,000,000,000
4,199,952,483,000
100.00
—
9,360,095,034
—
4,680,047,517,000
Total of Rights in Portfolio * Ownership below 5%
82
The capital structure and shareholder composition of the Company based on the Shareholders Register as at 1 July 2011 as issued by PT Raya Saham Registra as the Securities Administration Bureau of the Company were as follows: Total Shares
Total Par Value (Rp)
Details Series B Shares
22,400,000
17,760,000,000
1,120,000,000,000
8,880,000,000,000
—
Asia Financial (Indonesia) Pte. Ltd
—
5,674,493,482
—
2,837,246,741,000
67.37
JPMCB-FRANKLIN Templeton Investment Funds
—
484,402,970
—
242,201,485,000
5.75
Public*
22,400,000
2,241,061,514
1,120,000,000,000
1,120,530,757,000
26.88
Total of Issued and Fully Paid-up Capital
22,400,000
8,399,957,966
1,120,000,000,000
4,199,978,983,000
100.00
—
9,360,042,043
—
4,680,021,017,000
—
Authorised Capital
Series B Shares @ Rp500
%
Series A Shares
Series A Shares @ Rp50,000
Issued & Fully Paid-up Capital:
Total Portfolio Share * Ownership below 5%
Pursuant to the Shareholders Register as at 1 July 2011, on the Deed of Amendment to the Articles of Association of the Company No. 3 dated 12 August 2011, drawn up before Pahala Sutrisno Amijoyo tampubolon, SH., Notary in Central Jakarta, there was an increase of the issued and paid up capital as a result of implementation of E/MSOP of 0.02% E/MSOP Shares, so that the capital structure and shareholder composition of the Company were as follows: Total Shares
Total par Value (Rp)
Details Series B Shares
22,400,000
17,760,000,000
1,120,000,000,000
8,880,000,000,000
—
—
5,674,493,482
—
2,837,246,741,000
67.37
Public*
22,400,000
2,725,411,484
1,120,000,000,000
1,362,705,742,000
32.63
Total of Issued and Fully Paid-up Capital
22,400,000
8,399,904,966
1,120,000,000,000
4,199,952,483,000
100.00
—
9,360,095,034
—
4,680,047,517,000
—
Authorised Capital
Series B Shares @ Rp500
%
Series A Shares
Series A Shares @ Rp50,000
Issued & Fully Paid-up Capital: Asia Financial (Indonesia) Pte. Ltd
Total Portfolio Share * Ownership below 5%
83
3.
Brief Description of the Corporate Shareholders of the Company Asia Financial (Indonesia) Pte. Ltd. (AFI) AFI was established by virtue of Company Registry No. 199005540H dated 10 November 1990. AFI was previously known as ENV Corporation (Pte) Ltd. which changed its name to Asia Financial (Indonesia) Pte. Ltd. on 15 April 2003. AFI is an investment holding company. Capital Structure Based on information dated 12 July 2011 obtained from Accounting and Corporate Regulatory Authority of Singapore (previously known as Registry of Companies and Businesses), the table below is the capital structure and composition of shareholders of Asian Financial (Indonesia) Pte. Ltd. Total Shares ordinary Other Issued and Paid-up Capital
799,982,074
862,900
Fullerton Financial Holding Pte. Ltd
799,982,074
862,900
AFI Controlling Shareholder Fullerton Financial Holdings Pte. Ltd. (“FFH”) is indirectly, owned by Temasek Holdings (Private) Limited (“Temasek”), which other than having shares in the Company, it also owns shares either directly or indirectly in various banks and other financial institutions including Fullerton India Credit Co. Ltd. in India, Alliance Financial Group Berhad in Malaysia and NIB Bank Ltd. in Pakistan. Management Based on information obtained from the Company’s profile dated 12 July 2011, which was obtained from the Accounting and Corporate Regulatory Authority in Singapore, the table below is the composition of AFI’s Board of Directors. Name
Position
Ong Tiong Boon
Director
Cheo Hock Kuan
Director
Summary of Material Financial Data
Remarks
31 March
(in millions of Singapore dollars) 31 December 2009 2008
2011
2010
Total Assets
18,182,728
17,331,342
15,044,936
14,136,676
Total Liabilities
15,255,153
14,491,505
12,611,606
12,361,811
2,927,575
2,839,837
2,433,330
1,774,865
Revenue
711,282
2,750,628
2,536,953
2,342,385
Expenditure
559,159
2,110,174
2,168,178
1,969,911
Net Profits
113,192
492,714
259,233
244,390
Total Equity
84
Remarks
(in millions of Singapore dollars) 31 December 2009 2008
2011
2010
15.91%
17.91%
10.22%
10.43%
Net Profits/Assets (ROA)
0.62%
2.84%
1.72%
1.73%
Net Profits/Equity (ROE)
3.87%
17.35%
10.65%
13.77%
Net Profits/Revenue
4.
31 March
Information on the Company’s Subsidiaries and Associated Companies The Company currently holds shares in several companies, the largest of which are described below. The following table provides a list of subsidiaries of the company and the percentage of the company’s ownership in such companies as at the date this prospectus was published.
a.
Subsidiaries
Lines of Business
Ownership Percentage
1
PT Adira Dinamika Multi Finance Tbk
Consumer Financing Service
95.00%
2
PT Adira Quantum Multi Finance
Consumer Financing Service
99.00%
3
PT Asuransi Adira Dinamika
Loss Insurance
90.00%
PT ADIRA DINAMIKA MULTI FINANCE Establishment PT Adira Dinamika Multi Finance Tbk. (“Adira Finance”) was established under the name of PT Adira Dinamika Multi Finance based on Deed of Limited Liability Company Number 131 dated 13 November 1990 drawn up before Misahardi Wilamarta, SH, Notary in Jakarta, which was approved by MOLHR based on his Decree Number C2-19.HT01.01.TH.91 dated 8 January 1991 and registered for such purpose in South Jakarta District Court Number 34/Not.1991/PN/JKT.SEL dated 14 January 1991, and announced in the State Gazette of the Republic of Indonesia Number 12 dated 8 February 1991, Supplement Number 421. As of the Limited Public Offering IV of the Company, the Articles of Association of Adira Finance have not been amended. The latest amendment is in the Deed of Amendment to the Articles of Associations No. 2 dated 13 March 2009 drawn up before Sinta Dewi Sudarsana, S.H., Notary in Jakarta as notified to MOLHR of the Republic of Indonesia as received by his letter Number AHU-AH.01.10-03555 dated 13 April 3009 and registered under TDP Number AHU0015784.AH.01.09 Tahun 2009 dated 13 April 2009 by MOLHR and were announced in the State Gazette of the Republic of Indonesia No 61 dated 31 July 2009, Supplement No. 603. Adira Finance obtained a business licence to operate as a financing company from the Ministry of Finance with Decree Number 253/KMK.013/1991 dated 4 March 1991. Adira Finance is domiciled in Central Jakarta with 121 branch offices, 126 representative offices and 126 points of service, 48 stands, and 6 dealer outlets throughout Indonesia. Adira Finance commenced its commercial operations in 1990. Business Activities In accordance with Article 3 Paragraph 1 of the Articles of Association of Adira Finance, the purpose and objective of Adira Finance is to carry out financing business activities.
85
In order to achieve the purpose and objective in accordance with Article 3 Paragraph 2 of Adira Finance’s Articles of Association, Adira Finance may conduct the following business activities: 1.
leasing, namely the supply of capital goods, according to a financial lease or operating lease, to be utilised by the lessee during a specific period of time with installment payments;
2.
factoring, namely the purchase and management of short-term accounts receivables of a company;
3.
consumer finance, namely the procurement of goods based on consumer needs with installment payments; and
4.
credit card business, namely financing activities for the purchase of goods and/or services using a credit card.
Capital Structure and Shareholding Composition Based on the shareholders composition that reach 5% or more on 30 June 2011 as published by Securities Administration Bearu PT Adimitra Transferindo, the capital structure, shareholders composition and share ownership composition within Adira Finance is as follow:
Remarks Authorised Capital
Par Value Rp100 per share Total Par Value Number of Shares (in Rupiah)
%
4,000,000,000
400,000,000,000
950,000,000
950,000,000,000
95
50,000,000
5,000,000,000
5
Total Issued and Paid-up Capital
1,000,000,000
100,000,000,000
100.00
Shares in Portfolio
3,000,000,000
300,000,000,000
Issued and Paid-up Capital Company Public*
*
Comprising shareholders who have ownership stakes in Adira Finance of less than 5% (five percent) of total shares issued and fully paid to Adira Finance
Management and Supervision Based on the Deed of Minutes of Meeting of Adira Finance No. 22 dated 28 April 2011 drawn up before Pahala Sutrisno Amijoyo Tampubolon, S.H., MKn. notary in Central Jakarta, as notified to MOLHR with Receipt on the Amendment to the Adira Finance’s data number AHU-AH.01.1015237 dated 20 May 2011 which was registered in the Corporate Register No. AHU0040665.AH.01.09 of 2011 dated 20 May 2011, and registered in Company Register No. AHU.0040655.AH.01.09Tahun 2011 dated 20 May 2011 the composition of the Board of Directors and Board of Commissioners of Adira Finance are as follows: Board of Directors President Director
:
Stanley Setia Atmadja
Director
:
Marwoto Soebiakno
Director
:
Hafid Hadeli
Director
:
Ho Lioeng Min
Director
:
I Dewa Made Susila
86
Board of Commissioners President Commissioner
:
Ho Hon Cheong
Commissioner also acts as Independent Commissioner
:
Djoko Sudyatmiko
Commissioner also acts as Independent Commissioner
:
Eng Heng Nee Philip
Commissioner also acts as Independent Commissioner
:
Pande Rajda Silalahi*
Commissioner
:
Muliadi Rahardja
Commissioner
:
Vera Eve Lim
Commissioner
:
Rajeev Kakar
Summary of Material Financial Data The information table contained in the following discussion is based on the 3 (three) months ended 31 March 2011 and the years ended 31 December 2010, 2009, 2008, 2007 and 2006 as extracted from the Consolidated Financial Statements of Adira Finance. The Adira Finance Financial Statements as of 31 December 2010, 2009, 2008 and 2007 were audited by the Registered Public Accountants of Siddharta & Widjaja, previously the Registered Public Accountants of Siddharta Siddharta & Widjaja (a member firm of KPMG International), with unqualified opinion in each of the reports. The independent auditor’s report for the Adira Finance Financial Statements 31 December 2010 includes an explanatory paragraph which states that effective 1 January 2010 Adira Finance prospectively adopted SFAS No. 50 (2006 Revision), “Financial Instruments: Presentation and Disclosures” and SFAS No. 55 (2006 Revision), “Financial Instruments: Recognition and Measurement” and on the reissuance of the Adira Finance Financial Statements for the dates and years ended 31 December 2010, in order to conform it to the presentations in accordance with the capital market regulations, in relation with the Adira Finance plan for a Bond Public Offering V in 2011 with fixed interest rate. The independent auditor’s report for the Consolidated Financial Statements as of 31 December 2008 includes an explanatory paragraph regarding reissuance of the Adira Finance Financial Statements as of and for the year ended 31 December 2008, in order to conform with the presentations as required by the capital market regulations, in relation with the Adira Finance plan for a Limited Public Offering of Adira Dinamika Multi Finance Bonds III Year 2007 with Fixed Interest Rate.
Remarks
31 March
(in millions of Rupiah) 31 December 2009 2008
2011
2010
Total Assets
9,176,522
7,599,615
4,329,549
3,592,024
Total Liabilities
4,994,119
3,804,856
1,677,146
1,642,021
Total Equity
4,182,403
3,794,759
2,652,403
1,950,003
Revenue
1,543,870
3,897,185
3.944.766
3.379.303
Expenses
1,026,919
1,965,462
2,286,419
1,959,981
387,645
1,467,906
1,212,400
1,020,233
25.11%
38.44%
30.73%
30.19%
Net Profits/Assets (ROA)
4.22%
19.71%
28.00%
28.40%
Net Profits/Equity (ROE)
9.27%
39.47%
45.71%
52.32%
Net Profits Net Profits/Revenue
*
Unaudited
87
b.
PT ADIRA QUANTUM MULTI FINANCE Establishment PT Adira Quantum Multi Finance (“Adira Quantum”), (formerly known as PT Dana Samapersada) was established by the Deed of Establishment Number 76 dated 12 August 1992, and Deed Number 101 dated 11 March 1993, drawn up before Joenes Enoeng Maogimon, SH, Notary in Jakarta, which has been approved by the Minister of Justice, Decree Number C23005.HT.01.01.TH.93 on 11 May 1993. It was announced in the State Gazette Number 82, dated 12 October 1993, Supplement No. 4770. The Ministry of Finance granted the business license to Adira Quantum pursuant to a Decree of the Minister of Finance of the Republic of Indonesia Number 907/KMK.017/1993 on 26 September 1993 as amended by the Decree of the Minister of Finance of The Republic of Indonesia No. 221/KMK.017/1997 and the Decree of the Minister of Finance of The Republic of Indonesia No. KEP.079/KM.06/2003 dated 24 March 2003. Since the time of the Company’s Limited Public Offering IV, Adira Quantum’s Articles of Association have been amended several times. An amendment of the shareholder composition was stipulated in the Deed of Resolutions of Meetings No. 84/2006 concerning the minimum authorised capital of the finance company based on the Deed of Resolutions of Meetings No. 29 dated 23 July 2009, drawn up before P. Sutrisno A. Tampubolon, SH., M.Kn, Notary in Jakarta (“Deed No. 29/2009”), in which the amendment has been approved by Minister of Law and Human Rights of the Republic of Indonesia under Approval No. AHU-39039.AH.01.02-2009, dated 13 August 2009 and registered on the Registration of the Company. Business Activities Pursuant to Article 3 of Adira Quantum’s Articles of Association, Adira Quantum engages in leasing, factoring, credit card financing, consumer financing and other business related activities as permitted by law. In order to achieve its purposes and objectives, Adira Quantum conducts the following activities: 1.
financing activities in the form of supplying capital goods, under either both a financial lease or operating lease, to be used by lessor during a specific period of time based on periodic payment;
2.
financing activities in the form of purchase and/or assignment and management of receivables or short-term liabilities of a Company from trading transactions in the country or abroad;
3.
financing activities to purchase goods and services using;
4.
financing activities for the procurement of goods based on the needs of consumers with the and periodic system of payments; and
5.
other closely related business activities that have a direct or indirect goal to achieve Adira Quantum’s objectives.
Capital Structure and Shareholding Composition Based on Deed No. 29/2009, the composition of capital structure of Adira Quantum is as follows:
88
Authorised Capital
:
Rp180,000,000,000, (one hundred eighty billion Rupiah), divided into 180,000 (one hundred eighty thousand) shares with a par value of Rp1,000,000 (one million Rupiah) per share;
Issued capital
:
Rp100,000,000,000 (one hundred billion Rupiah) divided into 100,000 (one hundred thousand) shares with a par value of Rp1,000,000 (one million Rupiah) per share and
Paid-up Capital
:
Rp100,000,000,000 (one hundred billion Rupiah) divided into 100,000 (one hundred thousand) shares with a par value of Rp1,000,000 (one million Rupiah) per share.
Based on Deed No. 29/2009, the following table provides the latest composition of Adira Quantum shareholders. Nominal value Rp1,000,000 per share Total Par Value Number of Shares (in Rupiah)
Remarks Authorised Capital
%
180,000
180,000,000,000
99,000
99,000,000,000
99
1,000
1,000,000,000
1
100,000
100,000,000,000
100.00
80,000
80,000,000,000
Issued and Paid-up Capital Company PT Adira Dinamika Multifinance Tbk. Total Issued and Paid-up Capital Shares in Portfolio
Management and Supervision Based on Deed No. 10 dated 8 July 2011, drawn up before Pahala Sutrisno Amijoyo Tampubolon, SH, MKn., Notary in Jakarta, which has been reported to the Minister of Law and Human Rights under letter of acceptance of notification No. AHU-AH.01.10-22226 dated 15 July 2011, the latest composition of the Board of Directors and Board of Commissioners of Adira Quantum is provided below. Board of Directors: President Director
:
Lynn Ramli
Director
:
Reza Pely Rusli
President Commissioner
:
Ali Rukmijah (Ali Yong)
Commissioner
:
Satinder Pal Singh Ahluwalia
Commissioner
:
Khoe Minhari Handikusuma
Board of Commissioners:
Summary of Significant Financial Data The information table contained in the following discussion is based on the 3 (three) months ended 31 March 2011 and the years ended 31 December 2010, 2009, and 2008 as extracted from the Consolidated Financial Statements of Adira Quantum. Adira Quantum Financial Statements as of 31 December 2010, 2009, 2008 were audited by the Registered Public Accountants of Siddharta & Widjaja, previously the Registered Public Accountants of Siddharta Siddharta & Widjaja (a member firm of KPMG International), with unqualified opinion in each of the reports. 89
The independent auditor’s report for the Adira Quantum Financial Statements 31 December 2010 includes an explanatory paragraph which states that effective 1 January 2010 Adira Quantum prospectively adopted SFAS No. 50 (2006 Revision), “Financial Instruments: Presentation and Disclosures” and SFAS No. 55 (2006 Revision), “Financial Instruments: Recognition and Measurement”. (in millions of Rupiah) 31 March
31 December
Remarks 2011
2010
2009
2008
265,008
241,214
189,384
128,117
34,460
32,718
35,149
76,006
Total Equity
230,548
208.495
154.236
52,111
Revenue
103,900
345,160
263,417
206,092
Expenses
74,041
272,337
196,654
159,982
Net Profits
22,052
54,850
47,124
32,079
21.22%
15.89%
17.89%
15.57%
Net Profits/Assets (ROA)
8.32%
22.74%
24.88%
25.04%
Net Profits/Equity (ROE)
9.57%
26.31%
30.55%
61.56%
Total Assets Total Liabilities
Net Profits/Revenue
c.
PT ASURANSI ADIRA DINAMIKA Establishment PT Asuransi Adira Dinamika (“Adira Asuransi”) was formerly named PT Asuransi Kerugian Nexus, established based on the Deed of Establishment No. 106 dated 17 July 1996, approved by the Minister of Justice with Decree No. C2-10988.HT.01.01.TH’96 dated 12 December 1996, and registered at the Company Registry Office of South Jakarta No. 556/BH.09.03/III/97 dated 13 March 1997, and has been announced in the State Gazette No. 1631, dated 31 March 2000, Supplement No. 26. The Department of Finance granted PT Asuransi Kerugian Nexus a business licence in the insurance industry by virtue of Decree of the Minister of Finance of the Republic of Indonesia No. 462/KMK.017/1997 dated 8 September 1997 as amended by Letter of the Minister of Finance of the Republic of Indonesia No. S.1469/LK/2002 dated 10 April 2002 were related to changes its name to PT Asuransi Adira Dinamika. As of the Company’s Limited Public Offering IV, Adira Asuransi’s Articles of Association have been amended several times, with the last amendment was under Deed of Shareholders Minutes Meeting of PT Asuransi Adira Dinamika No. 4 dated 5 May 2011 drawn up before Pahala Sutrisno Amijoyo Tampubolon (“Deed No. 4/2011”). Related to the changes in Article 11 paragraph (1) and Article 12 Article of Association of Adira Asuransi regarding Directors and Board of Directors Duties and Authority. This change has been reported to the Minister of Law and Human Rights based on the letter of acceptance of notification No. AHU-AH.01.10-14300 dated 12 May 2011. Business Activities In accordance with Article 3 of the Adira Asuransi’s Articles of Association, Adira Asuransi engages in business of providing loss insurance, particularly loss insurance under syariah principles. In order to achieve its purposes and objectives, Adira Asuransi can provide risk coverage service, loss of benefit and third party legal liability insurance caused by unpredicted occurences.
90
Capital Structure and Shareholding Composition Based on the Deed of Resolutions of Meetings No. 26, dated 21 December 2010 (“the Deed No. 26/2010”), which was drawn up before Pahala Sutrisno Amijoyo, SH, MKn, Notary in Jakarta, which has been approved by the MOLHR based on Decree No. AHU-60063.AH.01.02.Tahun 2010 dated 27 December 2010 and has been notified to the Minister of Law and Human Rights based on Letter of Acceptance of Notification No. AHU-AH.01.10-33415 dated 28 December 2010 the latest composition of Adira Asuransi Shareholders is as follows: Authorised Capital
:
Rp400,000,000,000 (four hundred billion Rupiah) divided into 400,000 (four hundred thousand) shares with a par value of Rp1,000,000 (one million Rupiah) per share;
Issued Capital
:
Rp100,000,000,000 (one hundred billion Rupiah) divided into 100,000 (one hundred thousand) shares with a par value of Rp1,000,000 (one million Rupiah) per share and
Paid-up Capital
:
Rp100,000,000,000 (one hundred billion Rupiah) divided into 100,000 (one hundred thousand) shares with a par value of Rp1,000,000 (one million Rupiah) per share.
Based on Deed No. 26/2010, the table below provides the latest composition of Adira Asuransi Shareholders. Nominal value Rp1,000,000 per share Total Par Value Number of Shares (in Rupiah)
Remarks Authorised Capital
%
400,000
400,000,000,000
Company
90,000
90,000,000,000
90
Ir. Willy Suwandi Dharma
10,000
10,000,000,000
10
Total Issued and Paid-up Capital
100,000
100,000,000,000
100.00
Shares in Portfolio
300,000
300,000,000,000
Issued and Paid-up Capital
Management and Supervision Based on Deed No. 4/2011 the composition of the Board of Directors and Board of Commissioners of Adira Asuransi is as follows: Board of Directors: President Director
:
Willy Suwandi Dharma
Director
:
Indra Baruna
Director
:
Pratomo
President Commissioner
:
Stanley Setia Atmadja
Vice President Commissioner
:
Vera Eve Lim
Independent Commissioner
:
Manggi Taruna Habir
Board of Commissioners:
91
Summary of Significant Financial Data The information table contained in the following discussion is based on the 3 (three) months ended 31 March 2011 and the years ended 31 December 2010, 2009, and 2008 as extracted from the Consolidated Financial Statements of Adira Insurance. Adira Insurance Financial Statements as of 31 December 2010, 2009, and 2008 were audited by the Registered Public Accountants of Siddharta & Widjaja, previously the Registered Public Accountants of Siddharta Siddharta & Widjaja (a member firm of KPMG International), with unqualified opinion in each of the reports. The independent auditor’s report for the Adira Quantum Financial Statements 31 December 2010 includes an explanatory paragraph which states that effective 1 January 2010 Adira Insurance prospectively adopted SFAS No. 50 (2006 Revision), “Financial Instruments: Presentation and Disclosures” and SFAS No. 55 (2006 Revision), “Financial Instruments: Recognition and Measurement”. (in millions of Rupiah) 31 March
31 December
Remarks 2011
2010
2009
2008
Total Assets
2,141,478
2,031,614
1,597,032
1,252,857
Total Liabilities
1,292,041
1,241,470
904,904
833,581
849,437
790,144
692,128
419,276
Revenue
94,923
372,986
296,002
241,945
Expenses
44,310
154,796
149,017
118,373
Net Profits
67,827
268,990
205,690
150,010
71.45%
72.12%
69.49%
62.00%
Net Profits/Assets (ROA)
3.17%
13.24%
12.88%
11.97%
Net Profits/Equity (ROE)
7.98%
34.04%
29.72%
35.78%
Total Equity
Net Profits/Revenue
In addition to investments in subsidiaries, the Company also invested in companies with holdings below 5% as shown in the following table: No.
Subsidiaries
Line Business
Ownership
1.
PT Bank Chinatrust Indonesia (d/h PT Bank Chinatrust Tamara)
Banking
1.00%
2.
PT Bank Woori Indonesia (d/h PT Bank Hanvit Indonesia)
Banking
4.81%
3.
PT Sarana Lampung Ventura
Venture Capital
4.21%
4.
PT Sarana Kalteng Ventura
Venture Capital
3.90%
5.
PT Sarana Kalbar Ventura
Venture Capital
2.45%
6.
PT Sarana Sumbar Ventura
Venture Capital
1.78%
7.
PT Sarana Jambi Ventura
Venture Capital
2.25%
8.
PT Sarana Kalsel Ventura
Venture Capital
1.04%
9.
PT Sarana Sulteng Ventura
Venture Capital
0.25%
10.
PT Bhakti Sarana Ventura
Venture Capital
0.30%
11.
PT Mitra Dana Jimbaran
Venture Capital
3.85%
12.
PT Aplikanusa Lintasarta
Telecomunication and Information Technology
0.57%
92
93
5.
Market Research & Business Development Head Loefly Wahjoe L. Risk Management Head Adil Pamungkas
Business Planning Head Rudy Mahasin
Special Unit Management Head Juwono Akuan
Sales & Distribution Head II Indrayana L.S. Sales Management & Marketing Head Denny Goutama
Mass Market Business HR Head Made Yudanegara
SMEC Business HR Head Neslie C. Warouw
SMEC Credit Risk Head Anil K. Parimoo
Asset Based Finance Head Andre H.T.The
SMEC Strategic Planning & Business Development Head Ong Tek Tjan
SME Banking Head Alexander C Setjadi
Nomination & Remuneration Committee
Board of Commissioners
Cash Management Product & Value Chaln Head Paulus Adineta Widia
Transaction Banking Sales & Service Head Isabella Aritonang
Trade Product Management Head Margaret Tjahjono
Balance Sheet Management Head Ivan Petrozzi
Financial Institution Head Emy Resha Tantry
Chief Economist Anlon Gunawan
Treasury Sales & Trading Head Johannes Husin
TCM & FI Director Pradip Chhadva
Risk Monitoring Committee
Commercial Business Head Harapman Kasan
SMEC & Corporate Director Ali Yong
Corporate Banking Head Hery Adriawan Zaenal
Sales & Distribution Head I Sahat Horas Sitompul
SEMM Business Control & Fraud Management Head Hermanto R. Danujaya
Operations & Business Support Head Liliana Veronica Lie
Micro Business Director* Khoe Minhari
President Director Henry Ho
Annual General Meeting of Shareholders
Organisation structure of the Company as of 31 May 2011 is as follows:
The Company’s Organisation Structure
Corporate Governance Committee
Wholesale Credit & Analytics Audit Development Group Head Yulius Setiawan Fraud Investigation Group Head Chaerul J. Huwae
SEMM Audit Group Head Muhammad Rizaldy
Branches & IT Audit Group Head Nathan Tanuwidjaja Quality Assurance Head Vacant
Product & Support Audit Group Head Vacant
Chief Internal Auditor Antony Kurniawan
Ratail Credit Audit Group Head Yessy Catharina Muy
Audit Committee
Sharia Supervisory Board
Management and Supervision In accordance with provisions in the Articles of Association, the Company is led by the Board of Directors under the supervision of the Board of Commissioners. Members of the Board of Directors and the Board of Commissioners are elected and appointed by the General Meeting of Shareholders (“GMS”), each for a period commencing from the date specified in the GMS and ending upon closure of the third annual GMS after the date of appointment. Duties and authorities of the Commissioner and Director are set forth in the Articles of Association of the Company. Based on Deed of Minutes Meeting No. 27 dated 30 March 2011, drawn up before Pahala Sutrisno Amijoyo Tampubolon SH., Mkn., Notary in Central Jakarta, has been received and recorded by the Department of Law and Human Rights based on Letter of Receipt of the Company Information Change No. AHU-AH.01.10-12462, dated 27 April 2011, and has been registered in the Company Registration No. AHU-0033412.AH.01.09.Tahun 2011 dated 27 April 2011. It has also been registered in accordance with Law No. 3/1982 on the Registration of the Company in the Cooperative Office, UMKM and Trade of South Jakarta Administration Office dated 15 June 2011 (without number). Based on this deed, the composition of the Board of Directors and Board of Commissioners of the Company is as follows. Board of Commissioners President Commissioner
:
Ng Kee Choe
Vice President Commissioner/ Independent Commissioner
:
Johanes Berchmans Kristiadi Pudjosukanto
Commissioner
:
Milan Robert Shuster
Commissioner
:
Harry Arief Soepardi Sukadis
Commissioner
:
Manggi Taruna Habir
Commissioner
:
Gan Chee Yen
Commissioner
:
Ernest Wong Yuen Weng
Commissioner
:
Benedictus Raksaka Mahi*
President Director
:
Ho Hon Cheong (Henry Ho)
Director of Operational and Human Resources
:
Muliadi Rahardja
Director of Syariah Banking and Gold Solution
:
Herry Hykmanto
Director of Technology and Informatics
:
Kanchan Keshav Nijasure
Director of Banking, Corporate and Small and Middle Business and Commercial
:
Ali Rukmijah (Ali Yong)
Director of Finance
:
Vera Eve Lim
Director of Compliance, Legal and Litigation
:
Fransiska Oei Lan Siem
Director Treasury and Capital market, Financial Institution and Banking Transaction
:
Pradip Chhadva
Director of Retail Banking and Consumer
:
Michellina Laksmi Triwardhany
Director of Risks Sector
:
Satinder Pal Singh Ahluwalia
Director of Micro Banking Business
:
Khoe Minhari Handikusuma*
Board of Directors
94
The following table provides a brief profile for each member of the Board of Commissioners and Board of Directors of the Company: BOARD OF COMMISSIONER Ng Kee Choe President Commissioner Singaporean Citizen, 67 years old. He achieved a Bachelor of Science Degree from the Singapore University in 1966. He has held the position of President Commissioner of the Company from 2006 until the present. He worked at DBS Bank (1970-2003) with his last position being the Senior Advisor to CEO (2004-2006). Currently, he occupies positions in several leading companies: Director of Singapore Exchange Limited (2003-present), Director of Singapore Power Ltd. (2000-present), Director of Singapore Airport Terminal Services Ltd. (2000-present) and Director of SP Ausnet (2005-present). He also chairs NTUC Income Insurance Cooperative Limited (2004-present) and holds the position as Director of Fullerton Financial Holdings Pte. Ltd. (2008-present). He is a member of the advisory board of Temasek (2003-present), member of the advisory board of International Advisory Council of China Development Bank (2000-present) and Chairman of Tanah Merah Country Club (2008-present). He received a Public Service Star Award from the Government of Singapore in August 2001. Johanes Berchmans Kristiadi Pudjosukanto Vice President Commissioner Indonesian Citizen, 65 years old. He obtained a Doctor of Philosophy degree from Sorbonne University in France in 1979. He has held the position as Commissioner since 2005. At present, he also holds the position as the Chairman of the Supervisory Board of RS Jantung Harapan Kita (2003-present). He worked as an expert for the Department of Finance of the Republic of Indonesia (2008-2009), Director of Asset Maintenance and Director of Budget in the Ministry of Finance, Chairman of the State Administration Institution of the Republic of Indonesia (1990-1998), Assistant V Coordinating Minister of Supervision, Development, Administrative Reforms (1998-1999), Deputy IV State Ministry of Administrative Reform (1999-2001), Secretary of State Ministry of Communications and Information (2001-2005), General Secretary of the Ministry of Finance of the Republic of Indonesia (2005-2006), Chairman of the Board of Commissioners at PT Jakarta Lloyd in 2002 and Commissioner at PT Bank BNI Tbk. (2005-2006).
95
Milan Robert Shuster Commissioner Canadian Citizen, 70 years old. He has been a Commissioner of the Company since 2000. He obtained a Doctor of Philosophy degree in the International Law and Economics Programme from the University of Oxford in 1970. He worked for the Asian Development Bank (1970-1974), Inter Alpha Asia — Hong Kong (ING Bank) (1974-1979), National Bank of Canada (1979-1991), and he was the Joint General Manager of Nippon Credit Bank of Singapore (1991-1997), the President Director & CEO of PT Bank Private Development Finance Company in Indonesia Tbk. (PDFCI) (1997-1998) and President Director of the Company (1998-2000). Harry Arief Soepardi Sukadis Commissioner Indonesian Citizen, 58 years old. He has been a Commissioner of the Company since 2003. He obtained his Bachelors degree in Accounting from the Faculty of Economics, Padjajaran University Bandung in 1982. Currently, he holds the position as the Director of PERURI (2008-present). He worked as General Manager in the Accounting Division in PT Indosat (1986-1993) and Manager of the Accounting and Control Division of PT Semen Cibinong Tbk. (1993-2000). He joined IBRA in 2000 with the latest position being Director of Finance of IBRA (2002-2004) and as the Daily Coordinator, Administration and Audit Team of IBRA (2004-2005). Manggi Taruna Habir Commissioner Indonesian Citizen, 58 years old. He has been a Commissioner of the Company since 2005. He obtained a Masters in International Business Administration from the University of Michigan in 1979 and a Masters in Public Administration, Economic and Financial Policy from Harvard University in 2002. Currently, he holds the position as the Chairman of the Supervisory Board of Yayasan Danamon Peduli (2005-present). He started his career at the Multinational Finance Corporation (1979-1981), then served as a business and economics correspondent for the Far Eastern Economic Review (1982-1985). He worked at Citibank NA, Jakarta (1981-1990) with last position as Vice President. He has also served in positions such as a Research Director of PT Bahana Securities (1995-1998), President Director of PT Pefindo (1998-2001) and Director of Standard & Poor’s in Singapore in 2002.
96
Gan Chee Yen Commissioner Singaporean Citizen, 52 years old. He has been a Commissioner of the Company since 2003. He obtained a Bachelors in Accounting from the National University of Singapore in 1984. He currently serves as Director of Fullerton Financial Holdings Pte. Ltd. (2003-present). He started his career as an Audit Assistant at Cooper & Lybrand (1984-1986), then worked at Showa Leasing (S) Pte. Ltd. (September 1986-1988), and as Senior Manager of Finance at Singapore Technologies Marine Ltd. (1988-1996), and Finance Director of Singapore Technologies Pte. Ltd. (1996-2003). He currently occupies the position of Financial Director at Temasek Holdings Pte. Ltd. (2004-present) Ernest Wong Yuen Weng Commissioner Singaporean Citizen, 66 years old. He has been a Commissioner of the Company since 2010. He graduated from the University of Surrey, United Kingdom, majoring in Chemical Engineering and obtaining his Bachelor of Science degree in 1967. He started his career in the Economic Development Board and the Ministry of Finance of Singapore serving as Principal Assistant Secretary (1967-1971). He joined the United Overseas Bank Group (UOB) (1972-2000). He worked as UOB Group President and Board Member (1990-2000), and then joined MediaCorp Pte Ltd and assumed the position as Group CEO (2000-2005). During this period, Ernest continued serving as Non-executive Director of UOB and chaired the Audit Committee. He was appointed as the President Commissioner of Bank Internasional Indonesia (2006-2008). At present, he serves as the member of Temasek Advisory Panel (2005-present) and as a Board Member of Fullerton Financial Holdings Private Limited (2008-present), Invida Pharmaceutical Holdings Private Limited (2006-present), Nucleus Connect Private Limited (2009-present) and SingBridge International Private Limited (2009-present). He also joined non-profit institutions, such as Nanyang Technological University (2006-present), Singapore Academy of Law (2008-present) and Singapore Health Services Private Limited (2006-present).
97
Benedictus Raksaka Mahi Commissioner Indonesian Citizen, 48 years old He assumed the position of Commissioner in 2011 He graduated from the University of Indonesia, Faculty of Economics in 1989, obtained a Master of Science in policy economics from the University of Illinois at Urbana-Champaign, Illinois, United States in 1992 and a PhD. in economics from the University of Illinois at Urbana-Champaign, Illinois, United States in 1996. He started his career in the position of Chairman of Economic Postgraduate Programme 1999-2001) and as the Vice Dean for the Academic division in the Law Faculty of the University of Indonesia (2001-2005). During 2005-2009 he worked as Special Staff for the Minister for Coordination of the Economic Sector with roles, among others, as the chairman of the Monitoring Team for Policy in the Improvement of Investment Climate, a member of the team that drafted Bill No. 25/2007 on Investment and a member of the expert team for the development of the Indonesian Economic Corridor. In 2008-2011 he was assigned as Vice Secretary of the National Team of Development of Export and Investment (Timnas PEPI). Raksa Mahi at present is a member of the Assistance Team for the Minister of Finance in relation to the Fiscal Decentralization Policy, member of the team of financial and economic consultation for the Fiscal Authority Body (BKF) of the Ministry of Finance, and as an advisor for the Implementing Team of the National Council of Special Economic Zone (KEK) Indonesia. He is also a lecturer and senior researcher in the field of macroeconomics, micro economics, public sector economics and national finance, development of country economics and fiscal decentralization in the Economics Faculty of the University of Indonesia. DIRECTORS Ho Hon Cheong (Henry Ho) President Director Malaysian Citizen, 57 years old. He has been the President Director of the Company since 2010. He graduated from the University of Malaya — Kuala Lumpur, majoring in Mechanical Engineering and earned his Bachelor’s degree in Engineering (Honours) in 1978. He obtained a Master’s degree in Business Administration where he majored in Accounting & Finance from McGill University, Montreal, Quebec, Canada in 1980.
98
He worked at Citibank NA, Kuala Lumpur as a Country Risk Officer (1992-1994), in Citibank NA, Singapore as Pan Asia Corporate Head (1994-1995), in Citibank NA, Bangkok as Chief Country Officer (1996-2001), and Saudi American Bank Riyadh, Kingdom of Saudi Arabia as General Manager and Group Head (2002). He then joined PT Bank International Indonesia as President Director, or CEO (2004-2009), before he joined the Company. He also worked for Temasek Holdings (Private) Ltd as Managing Director (2009-2010). Muliadi Rahardja Director of Operation and Human Resources Indonesian Citizen, 52 years old. He has been a Director of the Company since 1999. He graduated from the Faculty of Economics of the University of Indonesia majoring in Accounting in 1984 and obtained an MBA from the Sloan School of Management, Massachusetts Institute of Technology, USA in 1998. He started his career as a senior consultant at the MAS Association (1983-1984) and joined PT Sepatu Bata Indonesia Tbk. (1984-1985). He joined PT Asuransi Lippo Life Tbk (1985-1989) and lastly served as Deputy Group Head in the field of MIS and accountant in Budget Planning and Control. He worked in the Company since 1989 as Head of the Tangerang Branch. Before acting as a Director, he served as Head of the Division of Planning and Strategy. Ali Rukmijah (Ali Yong) Director of Banking and Small Business, Medium and Commercial Indonesian Citizen, 39 years old. He has been a Director of the Company since 2006. He obtained a Bachelors degree in Mechanical Engineering at the Bandung Institute of Technology in 1994. He also attended the Executive Development Program at Harvard Business School in 2003. He started his career as a Management Associate with the Citigroup Team (1994-1997). He worked at PT Bank Papan (1997-1999) as Assistant Vice President and served on the Management Team IBRA in Bank Pos (1999). He worked as a Commissioner for PT Korea Exchange Bank Danamon (2004-2005). He joined the Company in 1999 and served as Head of Transaction and Services before being appointed as Director. In 2008, The Asian Banker named him “Promising Young Banker”.
99
Vera Eve Lim Director of Finance Indonesian Citizen, 46 years old. She has been a Director of the Company since 2006. She obtained a Bachelor’s degree in Economics from the Faculty of Economics at the University of Tarumanegara in 1989 and participated in the “Executive Development Programme” at the Stanford Graduate School of Business in 2008. She started her career in PT Asuransi Sinar Mas in 1988. She worked in PT Sinar Mas Dipta Insurance (1988-1990). She joined the Company in 1991 and served several positions including the Head of Financial Accounting and Planning Division and Chief Financial Officer (2003-2006). From 2004 until the present, she served as Commissioner of PT Adira Dinamika Multi Finance Tbk. Kanchan Keshav Nijasure Director of Information and Technology Indian Citizen, 53 years old. He has been a Director of the Company since 2008. He graduated from the Indian Institute of Technology, Bombay with a Bachelor’s Degree in Technology and major in Electronic Engineering in 1980. He started his career in the field of banking technology while supervising the treasury system in Unisys (1985-1987). He then joined Citigroup (1987-1988) and worked with a number of information and technology platforms in many countries. He occupied various senior management positions in a number of companies in Citigroup. He worked as Global Technology Head for Commercial and SME business in Citigroup International in London (2000-2003). He joined the Company in April 2004 and was appointed Chief Technology Officer in July 2006. Herry Hykmanto Director of Syariah and Gold Solution Indonesian Citizen, 43 years old. He has been a Director of the Company since 2008. He graduated from the University of Padjajaran, Bandung, Faculty of Livestock/Nutrition, in 1992. He served as Senior Cash Management & Trade Business Development Manager Standard Chartered Indonesia (2000-2003) and as International Operation Head in Bank Universal (1992-2000). He joined the Company and served as the Head of Transaction Banking (2006-2008).
100
He is the first Indonesian Banker to receive an international certification for letter of credit from the International Chamber of Commerce in France in 1988. He also serves as Head of the International Chamber of Commerce for the Banking Commission in Indonesia and represents Indonesia both in international and regional forums with regard to the issue of International Commercial Practices and Regulations. Fransiska Oei Lan Siem Director of Compliance, Legal and Litigation Indonesian Citizen, 54 years old. She has been a Director of the Company since 2009. She graduated from the Faculty of Law of the University of Trisakti in 1981. She started her career in PT Ficorinvest (1982-1984). She worked for Citibank (1984-2000) and served as the Legal Compliance Director and Corporate Secretary of PT Bank International Indonesia (2005-2009). She was the founder and Senior Partner of the LBAF Law Firm before becoming appointed as the Commissioner of PT Bank Mandiri Tbk (2004-2005). Pradip Chhadva Director of Treasury, Capital Market, Financial Institution and Banking transactions American Citizen, 57 years old. He has been a Director of the Company since 2010. He graduated from M.S. University of Baroda, India with a Bachelor of Commerce degree in 1974, and he obtained a Master of Business Administration degree from Berry College, Rome, Georgia in 1978, and a Master of International Management degree from Thunderbird graduate School of International Management in Glendale, Arizona in 1981. He worked in the field of treasury for 28 years, working with Saudi American Bank in Riyadh, Saudi Arabia, an affiliate of Citibank (1984-1986), and then working in Citicorp Savings & Loans in Miami, Florida (1986-1988). He also served as Country Treasurer in Citicorp Investment Bank in Luxembourg, as Programme Director (1988-1992), Treasury & Capital market Products and Vice President Treasurer in Citibank International, Fort Lauderdale, Florida (1996-2006). He served as Deputy Division Head for Sales & trading for Citibank International in Miami, Florida (1996-2006) And lastly before he joined the Company, he worked for three years for First Caribbean International Bank in Barbados as Group Head & Managing Director of Treasury Sales & Trading (TST) (2007-2009).
101
Michellina Laksmi Triwardhany Director of Retail Banking and Consumer Indonesian Citizen, 45 years old. She has been a Director of the Company since 2010. She graduated from North Texas University, Denton, Texas obtaining her Bachelor of Science degree in 1987. She attended the University of Texas, Austin and obtained her Masters of Business Administration degree, ranking with distinction in 1990. She started her career with Citibank Jakarta (1990-2001) serving as Card Business Director and Marketing Director. She joined the Manhattan Credit Card Company, Hong Kong, a subsidiary of Standard Chartered Bank in Hong Kong as General Manager (2001-2003). She joined Citibank NA Manila Philippines and served as Card Business Director (2003-2006) and Country Retail Bank Director (2006-2007). Before joining the Company, she worked as Country Business Head in Citibank Berhad, Kuala Lumpur, Malaysia (2007-2009). Satinder Pal Singh Ahluwalia Director of Risk Sector Indian Citizen, 49 years old. He has been a Director of the Company since 2010. He graduated from Mumbai University, obtaining his Master of Commerce degree in 1985. He is a Chartered Accountant. He started his career in Standard Chartered Bank in India and the Philippines (1987-2002), where he served as the Head of Credit, Consumer Banking in Malaysia. He then joined Mashreqbank, United Arab Emirates and served as Vice President and Head Retail Credit, (2003-2005). He also joined ABN Amro Bank, Dubai and served as Senior Vice President and Regional Head, Consumer Lending Group Risk Management in 2006. He worked for Bank Internasional Indonesia serving as Managing Director and Chief Risk Officer (2006-2010), and as the Commissioner of WOM Finance, a subsidiary of BII (2009-2010). Khoe Minhari Handikusuma Director of Micro Banking Business Indonesian Citizen, 47 years old. He has been a Director of the Company since 2011. He graduated from Waylan Baptist University in the field finance in 1989. He joined Bank Danamon as of 1989 as an Account Officer & Marketing Manager. Other positions that he held previously were Branch Manager, Deputy Regional Branch Banking head, Regional Business manager Consumer Segment, Regional Head, National Sales & Distribution Head, and lastly as SEMM Business Head.
102
The appointment of the board of commissioners and the board of directors of the Company are in accordance with BAPEPAM-LK Rules No. IX.I.6 regarding Directors and Commissioners of the Company and Public Company. They passed the fit and proper test by Bank Indonesia and were approved by Bank Indonesia. Salary and other compensation benefits payable to the Board of Commissioners, Audit Committee and the Board of Directors of the Company for the period ended on 31 March 2011 and for years ended on 31 December 2010, 2009 and 2008 equal Rp25,352 million, Rp130,128 million, Rp95,757 million and Rp135,355 million, respectively. These amounts were stipulated at the Annual General Meeting of the Shareholders of the Company. Committees of the Board of Commissioner To further uphold its duties and responsibilities, Bank Indonesia Regulations require the Board of Commissioners to establish committees, the members of which are to be appointed by the Board of Directors after the Board of Commissioners pass a resolution to create a certain committee. The Board of Commissioners formed the Audit Committee, Risk Monitoring Committee, Nomination and Remuneration Committee and Corporate Governance Committee. Audit Committee Audit Committee has been formed pursuant to the BAPEPAM-LK Regulation No. IX.I.5 and Bank Indonesia Regulation No. 8/4/PBI/2006 dated 30 January 2006 and No. 8/14/I/2006 dated 5 October 2006 on the Implementation of Good Governance for Commercial Banks Based on a Decision by the Board of Directors of the Company No. KEP: DIR-CORP.SEC-006, dated 30 March 2011, the composition of the members of the Audit Committee is as follows: Name
Position
Expertise
Milan Robert Shuster
Chairman/Independent Commissioner
Credit/Finance/Risk Management
Gan Chee Yen
Member/Commissioner
Accounting/Finance/Risk Management
Ernest Wong Yuen Weng
Member/Commissioner
Treasury/Risk Management
Johanes Berchmans Kristiadi Pudjosukanto
Member/Commissioner
Finance/Risk Management
Amir Abadi Jusuf
Member/Independent Party
Accounting/Risk Management
Felix Oentoeng Soebagjo
Member/Independent Party
Law Expert
The duties and responsibilities of the Audit Committee are detailed below. The Audit Committee of the Company is assigned to monitor and evaluate audit planning and implementation and observe follow up action of audit findings for the purpose of assessing the adequacy of internal controls and the adequacy of the financial reporting process.
103
The Committee is responsible for providing professional and independent opinions to the Board of Commissioners on any report or matters conveyed by the Board of Directors to the Board of Commissioners and identifying matters that need attention from Board of Commissioners, which include: (a)
to prepare an annual activity plan approved by the Board of Commissioners;
(b)
to review financial information to be issued by the Company such as financial statements, projections and other financial information as well as to ensure that the financial statements have complied with the applicable accounting standards;
(c)
to analyse the Company’s compliance with laws and regulations in the capital market sector and other legal matters related to the Company’s activities;
(d)
to evaluate and analyse the Company’s audit plan and its implementation, to ensure that any audit has been conducted with frequency and within the appropriate scope and to supervise follow up questions on audit reports;
(e)
to analyse the independence and objectivity of public accountants as well as compliance of audit implementation by the Public Accountant Firm against the prevailing audit standards;
(f)
to analyse the adequacy of audits conducted by the Public Accountant Firm to ensure that all material risks have been taken into account;
(g)
to monitor and evaluate the Board of Directors in conducting any follow up to the findings of the Internal Audit Work Unit, the Public Accountant Firm, and Bank Indonesia in order to provide recommendations to the Board of Commissioners;
(h)
to provide recommendations on the appointment of public accountants and the Public Accountant Firm to the Board of Commissioners to be presented at GMS;
(i)
to review and report to the Board of Commissioners any complaints related to the Company;
(j)
to keep confidential all documents relating to the Company’s data and other information in the Committee’s possession;
(k)
to prepare, review and update Guidance and Work Procedures for the Audit Committee;
(l)
to administer or grant authority to conduct investigation within the scope of its duties;
(m) to retain consultants, accountants, or other external parties, who will provide advice, conduct investigations and collect information from employees; and (n)
to perform other duties given at any time by the Board of Commissioners.
Risk Monitoring Committee Risk Monitoring Committee has been formed pursuant to BI Regulation No. 5/8/PBI/2003 dated 19 May 2003, No. 8/4/PBI/2006 dated 30 January 2006, No. 8/14/PBI/2006 dated 5 October 2006 and Circular of Bank Indonesia No. 5/21/DPNP dated 29 September 2003.
104
Based on a Decision of the Board of Directors of the Company No. KEP: DIR-CORP.SEC 006 dated 30 March 2011, the composition of the members of the Risk Monitoring Committee is as follows: Name
Position
Expertise
Manggi Taruna Habir
Chairman
Credit/Finance/Risk Management Corporate Governance
Ernest Wong Yuen Weng
Member/Commissioner
Treasury/Risk Management
Harry Arif Soepardi Sukadis
Member/Independent Commissioner
Accounting/IT/Risk Management
Milan Robert Shuster
Member/Independent Commissioner
Credit/Finance/Risk Management
Gan Chee Yen
Member/Commissioner
Accounting/Finance/Risk Management
Amir Abadi Jusuf
Member/Independent Party
Accounting/Risk Management
Felix Oentoeng Soebagjo
Member/Independent Party
Law Expert
The Risk Monitoring Committee is responsible for providing independent and professional opinions to the Board of Commissioners on any report or matters conveyed by the Board of Directors to the Board of Commissioners and identifying matters that need attention from the Board of Commissioners, which include: (a)
to prepare the annual activity plan of the Committee for approval by the Board of Commissioners;
(b)
to evaluate compliance of the Company’s risk management policy with its implementation;
(c)
to monitor and evaluate the performance of duties of the Risk Management Committee and risk management work unit in order to provide recommendation to the Board of Commissioners;
(d)
to report to the Board of Commissioners any risks faced by the Company and the application of risk management by the Board of Directors;
(e)
to evaluate the Company’s risk management policy at least once a year;
(f)
to evaluate any risk management policy implemented by the Board of Directors of the risk management policy on at least a quarterly basis;
(g)
to keep confidential all documents, data and information of the Company;
(h)
to prepare, review and update the Guidance and Code of Conduct of the Risk Monitoring Committee on a periodical basis;
(i)
to administer or to grant authority to conduct an investigation within the scope of its duties;
(j)
to retain consultant and accountant services as well as other external parties who will provide advice or to conduct an investigation and collect information required by the Committee from employees; and
(k)
to perform other duties given at any time by the Board of Commissioners.
105
Nomination and Remuneration Committee Committee has been formed pursuant to BI Regulation No. 8/4/PBI/2006 dated 30 January 2006 and No. 8/14/PBI/2006 dated 5 October 2006. Based on a Decision by the Board of Directors of the Company No. KEP: DIR-CORP.SEC-006 dated 30 March 2011, the composition of members of the Committee is as follows: Name
Position
Expertise
Johanes Berchmans Kristiadi Pudjosukanto
Chairman/Independent Commissioner
Finance/Risk Management
Ng Kee Choe
Member/President Commissioner
Credit/Finance /Human Resources/ Treasury/Risk Management
Harry Arif Soepardi Sukadis
Member/Independent Commissioner
Accounting/IT/Risk Management
Milan Robert Shuster
Member/Independent Commissioner
Credit/Finance/Risk Management
Maria Theodora
Member/Executive Officer
Human Resources
The Nomination and Remuneration Committee shall have the following Duties and Responsibilities: •
•
With regard to any remuneration policy, the Committee shall conduct an evaluation on the remuneration policy and provide the Board of Commissioners recommendations on a remuneration policy for: (a)
the Board of Commissioners and the Board of Directors to be presented at the General Meeting of Shareholders; and
(b)
the Executive Official and employees to be submitted to the Board of Directors.
With regard to any nomination policy, the Committee shall prepare and provide recommendations on the system and procedure for the nomination and/or replacement of members of the Board of Commissioners and the Board of Directors to be Board of Commissioners. These recommendations may be presented at the General Meeting of Shareholders and serve the following purposes: (a)
to provide recommendations on candidate members of the Board of Commissioners and the Board of Directors; and
(b)
to provide recommendations on an Independent Party nominated as candidate members of the committee to the Board of Commissioners.
Corporate Governance Nomination Committee Based on a Decision by the Board of Directors of the Company No. KEP: DIR-CORP.SEC-006 dated 30 March 2011, the composition of members of the Corporate Governance Nomination Committee per 31 March 2011 is as follows:
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Name
Position
Expertise
Manggi Taruna Habir
Chairman/Independent Commissioner
Credit/Finance/Risk Management/ Corporate Governance
Johanes Berchmans Kristiadi Pudjosukanto
Member/Independent Commissioner
Finance/Risk Management
Benedictus Raksaka Mahi*
Member/Commissioner
Economic Policy
The Corporate Governance Committee has the duty to fulfil and perform its functions and responsibilities, the Committee consider the application of the principles of the implementation of the process below, in particular by way of: •
Convening a regular meeting with the President Commissioner, the chairman of the other Company’s committees and the Board of Directors of the Company throughout the year as they are material and significant to improving the Committee’s knowledge to relevant, current or future issues on corporate governance;
•
together with the Board of Directors of the Company, to develop and participate in the process of systematic review on corporate governance issues that may affect the Company and improve the Committee’s effectiveness;
•
to perform other functions, which are deemed appropriate and necessary to perform its responsibilities; and
•
to report all material activities of the Committee to the Board of Commissioners from time to time or upon the request of the Board of Commissioners through the Committee’s chairman.
The Corporate Governance Committee holds full power and authority in performing the following responsibilities: •
Taking into account and assessing the independence of the President Director, Commissioner and Independent Party;
•
evaluating whether the majority (51%) of members of the Board of Commissioners are Independent Commissioners; and
•
reporting to the Board of Commissioners any findings to be further discussed if necessary.
The Committee prepares the principles of corporate governance to be adopted by the Company and reviews and evaluates these principles on a periodical basis and their adoption and recommends necessary changes to the Board of Commissioners. The table below provides a brief profile for each member of the Committees mentioned above who are not members of the Board of Commissioners of the Company. Amir Abadi Jusuf, Member of Audit Committee Indonesian Citizen, 59 years old. He has been a member of the Audit Committee since 2008. He graduated from the University of Indonesia, majoring in Accounting in 1976, and obtained a Masters in Accounting from the University of Hawaii-Manoa, United States in 1981.
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He held or currently holds the following positions: (a)
Audit Committee of PT HM Sampoerna Tbk (2001-present),
(b)
Audit Committee of PT Bank Pembangunan Indonesia (Persero) (1996-1999),
(c)
Commissioner and member of the Audit Board of PT Bank Tiara Tbk (1998-2000),
(d)
Commissioner of PT Bank Universal Tbk (1999-2003),
(e)
President Commissioner of PT Asuransi Bintang Tbk (1999-2007), and
(f)
Founder, Director and Chief Executive Partner of RSM AAJ Associates (1985-present).
Felix Oentoeng Soebagjo, Member of Audit Committee Indonesian Citizen, 62 years old. He has been a member of the Audit Committee since 2008. He graduated from the University of Indonesia, majoring in Law in 1976, and obtained an LLM degree from the University of California-Berkeley in 1980 and his PhD degree in law in 2004 from the University of Gajah Mada. He held or currently holds the following positions: (a)
Professor of the Faculty of Law - University of Indonesia, Jakarta (2008-present),
(b)
Independent Commissioner of PT Bursa Efek Indonesia (2008-present),
(c)
Chairman of the Capital Market Legal Consultant Association (Himpunan Konsultan Hukum Pasar Modal-HKHPM) (2006- present),
(d)
President of Inter Pacific Bar Association (2005-2006),
(e)
Secretary General of the Indonesian Board of Capital Market Arbitration (BAPMI) (2002present),
(f)
Founder of Soebagjo, Jatim, Djarot (1988- present), and
(g)
Makarim & Taira S, Attorney at Law (1980-1988).
Maria Theodora, Member of Nomination and Remuneration Committee Indonesian Citizen, 49 years old. She has been the member of the Nomination and Remuneration Committee since 2006. She graduated from the Institute of Business Management in Jayakarta in 1995 with an MBA degree.
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She held or currently holds the following positions: (a)
Bank Danamon (2006-2008), Head of Human Resources Division (2008-present),
(b)
Standard Chartered Indonesia in 1996,
(c)
Johnson & Johnson Indonesia in 1993,
(d)
Banker Trust in 1990, and
(e)
IBM in 1985.
Corporate Secretary In compliance with BAPEPAM-LK Rule No. IX.I.4 regarding the Establishment of Corporate Secretary and Securities Listing Rule of PT Bursa Efek Indonesia (formerly PT Bursa Efek Jakarta) Number 1-A attachment II to the Decision of the Board of Directors of BEJ Number Kep-305/BEJ/07-2004 dated 19 July 2004, the Company appointed Dini Herdini as Corporate Secretary of the Company based on a Decision of the Board of Directors of PT Bank Danamon dated 29 February 2008 No. KSR-DIR.Corpsec-007. The appointment has been reported to BAPEPAM-LK under Letter No. 088-CORPSEC dated 4 April 2008. The Corporate Secretary is required to fulfil the following responsibilities:
6.
•
to follow developments in capital markets, particularly any applicable regulations;
•
to provide the public with information required by the financier that is related to the Company’s condition;
•
to advise the Board of Directors on compliance provisions under Law number 8 of 1995 regarding capital markets and its corresponding regulations; and
•
to act as a liaison between the Company, BAPEPAM-LK and the public.
Human Resources The Management of the Company acknowledges the importance of having loyal and highly dedicated employees, who are important assets to support the success and progress of the Company. The Company believes, that its focus on “productivity through operational perfection” shall bring the Company success. To improve productivity through education, the Human Resources division not only operates a Training Centre, but has also developed an internal school for its employees called Danamon Corporate University (DCU), which was officially launched on 16 July 2008. DCU provides a competence-based curriculum, which is a set or collection of learning modules (courses) that are arranged in the pattern, duration and level of specific proficiencies that enable participants to perform in accordance with the requirements of competence, so that they can meet the elements of “grow yourself, grow your team and grow your business”. In implementing its mission to produce high quality bankers and business partners, and in promoting the target achievement, DCU has developed a Learning Architecture, which includes a competence-based curriculum that functions as a “Learning Blueprint”, a foundation for developing and implementing learning throughout Danamon. This architecture was developed
109
based on analysis of main banking competence and supporting operational competence of banking and is in line with Bank Indonesia’s requirements on Banking Human Resources competence. Competencies are grouped into five major banking pillars, each headed by a Chairman (Dean). The curriculum is intended to help Danamon employees in an effort to improve business performance (Grow Your Business), namely: (a)
Banking Education in Sales and Service Competence in sales and service is needed to perform activities relating to:
(b)
•
collecting funds from the public;
•
selling the bank’s products and services;
•
handling other customer services, including setting and developing standard customer services; and
•
marketing, funding, and researching in the context of development and improvement of the quality and value of the bank’s products and services.
Operations and Technology School Competence in operations and technology is needed to perform activities relating to:
(c)
•
financial transactions process and other banking services, with respect to an operational unit, branch or head office operation;
•
bookkeeping and application of accounting standards;
•
application and development of information systems and technology that addresses customers’ need for safe, effective and efficient banking processes; and
•
other supporting activities which are necessary for banking operations, including the management of public facilities and administration, compliance, legal, human resources, and the corporate secretary.
Credit & Risk School Competence in credit and risk is needed to perform activities relating to the distribution and management of bank funds including: •
fund channelling and management activities
•
treasury and trade finance activities;
•
product asset development activities;
•
banking risk management activities; and
•
banking internal controls, either by adopting the principle of convention or Syariah bank.
110
(d)
Financial Industry School Competence in financial industry is needed to perform activities related to non-banking operations, namely:
(e)
•
general financial activities including General Accounting, Finance for Non Finance (FINON), Taxation and Financial Industry (non-banking); and
•
certification other than those in the banking industry, including Certification of a Mutual Fund Selling Agent (WAPERD), Certification of a Life Insurance Agent (AAJI), Certification of a General Insurance Agent (AAUI), and Certification as Financial Consultant of a Bank Partner (KKMB).
School of Leadership & Personal Effectiveness Education Beside the above curriculum, DCU has also developed a Leadership and Cultural Development curriculum, including “Personal Effectiveness” to support each Danamon employee’s personal development (“Grow Your Self” and “Grow your Team”) and development of managerial skills, and a “Leadership” curriculum to enable the development of leadership skills (“Grow Your Team”). The characteristic of these curriculums is crosssector within Danamon which will serve as the basis and umbrella for the main curriculum as well as become the corporate identity of Danamon.
As part of the Company’s commitment to innovating and improving learning efficiency, DCU launched a new e-learning education system that is supported by the new Education Management System. The Company did not stop to introduce innovation. The Company also believes that the empowerment of Human Resources Division is the key to success of the Company. From facility sector, regional empowerment conducted by DCU, which established in four Regional Training Centres in four cities, which are Semarang, Makassar, Medan, and Surabaya. Meanwhile, the potential empowerment owned by the Company conducted through Leaders as Teacher Programme. This programme is the Company’s contribution to the employees of the Company as a form of Corporate Social Responsibility internally, an example of which is the University established by the Company as a partner in the development of education. The Company will strive towards innovation in and the development of learning. Therefore, the Human Resources division of the Company constantly remains prepared to respond to novel developments and dynamics in the banking industry. In terms of employees’ welfare, the Company provides employees with incentives and life and health insurance programmes, religious holiday benefits twice a year, and housing and vehicle loans. The Company’s salary/wage payment system meets the standard minimum wages applicable in each of the locations of the Company’s business activities. In addition, the Danamon Labor Union was established in 1996 to act as a representative for the Company’s employees. As of 31 March 2011, the number of employees in the Company totalled 34,529 people, consisting of 21,091 permanent employees, 5,975 non-permanent employees and 7,463 outsourced employees.
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The tables below provide the composition of fixed employees in the Company. Composition of Permanent Employees According to Levels of Management: 31 March
31 December
Level 2011
%
2010
%
2009
%
2008
%
Senior Management
272
1.3
253
1.2
202
1.0
200
0.9
Middle Management
2,318
11.0
2,112
9.9
1,850
8.9
1,740
7.5
First-Line Manager
8,841
41.9
8,450
39.5
7,759
37.5
8,460
36.5
Clerk
9,660
45.8
10,564
49.4
10,873
52.6
12,756
55.1
Total
21,091
100.0
21,379
100.0
20,684
100.0
23,156
100.0
2008
%
Composition of Permanent Employees According to Levels of Education: 31 March
31 December
Remarks 2011
%
2010
%
2009
%
S2
405
1.9
404
1.9
414
2.0
476
2.1
S1
13,899
65.9
14,153
66.2
13,811
66.8
15,659
67.6
D3
3,975
18.8
4,018
18.8
3,754
18.1
4,095
17.7
High School
2,666
12.6
2,655
12.4
2,531
12.2
2,726
11.8
146
0.7
149
0.7
174
0.8
200
0.9
21,091
100.0
21,379
100.0
20,684
100.0
23,156
100.0
2008
%
Junior High School/ Elementary School Total
Composition of Employees According to Age Groupings: 31 March
31 December
Remarks 2011
%
2010
%
2009
%
More than 45 years
1,413
6.7
1,336
6.2
1,036
5.0
841
3.6
35-44 years
7,392
35.0
7,515
35.2
7,627
36.9
7,610
32.9
25-34 years
10,617
50.3
10,828
50.6
10,557
51.0
12,089
52.2
1,669
7.9
1,700
8.0
1,464
7.1
2,616
11.3
21,091
100.0
21,379
100.0
20,684
100.0
23,156
100.0
Less than 25 years Total
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In addition to the above number of employees, the Company currently employs ten expatriates from various countries. The following table provides information on these expatriates. No. Name
Position
Permit No.
Validity Period
KITAS No.
a.
HO HON CHEONG (HENRY HO)
President Director
KEP.06054/MEN/ P/IMTA/2011
14 June 2011 − 13 June 2012
2C21JE591-K
b.
KANCHAN KESHAV NIJASURE
Information Technology Director
KEP. 06112/ MEN/P/IMTA/ 2011
12 June 2011 − 11 June 2012
2C21JE6104-K
c.
SATINDER PAL SINGH AHLUWALIA
Integrated Risk Director
KEP. 06111/ MEN/P/IMTA/ 2011
27 May 2011 − 26 May 2012
2C21JD1542-K
d.
PRADIP CHHADVA(1)
TCM & FI Director
KEP.13555/MEN/ P/IMTA/2010
20 November 2010 − 19 November 2011
2C21JE2563AJ
e.
ANIL KUMAR PARIMOO
SMEC Credit Risk Head
KEP.03662/MEN/ B/IMTA/2011
31 January 2011 − 24 January 2012
2C11JE1248-K
f.
HARRY JESUS RODRIGUEZ-PALMER
Portfolio Management Head Mass Market
KEP.16151/MEN/ P/IMTA/2010
01 January 2011 − 31 December 2011
2C21JE5477AJ
g.
HAFEEZ AHMAD CHOUDHRY
Integrated Credit Risk Head (Wholesale)
KEP.16972/MEN/ P/IMTA/2010
01 January 2011 − 31 December 2011
2C21JE6097AJ
h.
VAIBHAV MANOHAR SAKORIKAR
Transaction Systems Group Head
KEP.16399/MEN/ P/IMTA/2010
01 January 2011 − 31 December 2011
2C21JE7120AJ
i.
ARMANDO IVAN PETROZZI
Balance Sheet Management Head
KEP.06822/MEN/ B/IMTA/2011
25 February 2011 − 16 February 2012
2C11JD0533-K
j.
LORELLEI PAULA BOQUIREN ARJONILLO
Market & Liquidity Risk Head
KEP.04094/MEN/ B/IMTA/2011
21 February 2011 − 31 December 2011
2C11JD0533-K
(1)
All foreign employees, employed by the Company already fulfil the Minister of Employment and Transmigration regulation.
113
7.
Organisational Structure, Management and Supervision of the Company and Corporate Shareholders (a)
DIAGRAM OF OWNERSHIP As at 1 July 2011, the ownership structure of the Company is as follows: Temasek Holdings Private Limited 100% Fullerton Management, Pte. Ltd. 100% Fullerton Financial Holdings Pte. Ltd. 100% JPMCB-FRANKLIN Templeton Investment
Asia Financial (Indonesia) Pte. Ltd. 67.37%
PUBLIC (ownership ≤ 5% Shares)
5.75%
26.88%
PT Bank Danamon Indonesia Tbk.
95%
PT Adira Dinamika Multi Finance Tbk
(b)
99%
90%
PT Asuransi Adira Dinamika
PT Adira Quantum Multifinance
MANAGEMENT AND SUPERVISION RELATION AND AFFILIATIONS The management and supervisory relationship between the Company, its Subsidiaries and corporate shareholders is presented in the following table:
Company
Adira Finance
Adira Quantum
PC
—
—
—
—
VPC
—
—
—
—
Milan Robert Shuster
C
—
—
—
—
Harry Arief Soepardi Sukadis
C
—
—
—
—
Gan Chee Yen
C
—
—
—
—
Ernest Wong Yuen Weng
C
—
—
—
—
Manggi Taruna Habir
C
—
—
IC
—
Benedictus Raksaka Mahi
C*
—
—
—
—
Ho Hon Cheong (Henry Ho)
PD
PC
—
—
—
Ng Kee Choe Johanes Berchmans Kristiadi Pudjosukanto
Adira Asuransi
AFI
Muliadi Rahardja
D
C
—
—
—
Ali Yong
D
—
—
—
—
Vera Eve Lim
D
C
—
VPD
—
Herry Hykmanto
D
—
—
—
—
Pradip Chhadva
D
—
—
—
—
114
Company
Adira Finance
Adira Quantum
Adira Asuransi
AFI
Kanchan Keshav Nijasure
D
—
—
—
—
Fransiska Oei Lan Siem
D
—
—
—
—
Michellina Laksmi Triwardhany
D
—
C
—
—
Satinder Pal Singh Ahluwalia
D
—
—
—
—
Khoe Minhari Handikusuma
D
—
—
—
—
Note: PC (President Commissioner); VPC (Vice President Commissioner); C (Commissioner); IC (Independent Commissioner); PD (President Director); VPD (Vice President Director); D (Director)
8.
Information on Fixed Assets The Company controls or owns land areas located in nearly all the provinces of Indonesia, which includes Right to Build (Hak Guna Bangunan or “HGB”), Ownership Right on Apartment Unit (Hak Milik Atas Satuan Rumah Susun or “HMSRS”), as well as the right of use based on Land Use Permit, Ownership Rights and Deed of Sale and Purchase, where the majority of land areas are used for the Company’s operations. The total consolidated assets of the Company and Subsidiaries as at 31 March 2011 after deducted with depreciation accumulation of Rp1,383,197 million are Rp1,744,978 million. The Company owns or controls the following land areas: Certificate No
Total
Area HGB
Area
HMSRS
Area
Others
Area
Certificate
Area
1
Area 1
120
100,400
2
552
4
21,882
126
122,834
2
Area 2
24
13,112
—
—
1
217
5
13,329
3
Area 3
54
30,271
1
45
2
199
57
30,515
4
Area 4
20
12,873
—
—
—
—
20
12,873
5
Area 5
20
7,668
—
—
—
—
20
7,668
6
Area 6
51
40,898
—
—
1
154
52
41,052
7
Area 7
27
15,340
—
—
—
—
27
15,340
Total
316
220,562
3
597
8
22,452
327
243,611
* “Others” refers to land with Ownership Rights, deed of sale and purchase and Land Use Permit issued by Surabaya Mayor and acquired by the Company by merger in 2000. Up to the date of issuance of the Prospectus. these lands were under full control of the Company.
9.
Related Party Transactions As part of its operations, the Company enters into transactions with related parties — Save for the loans provided to the Commissioners, the Board of Directors and key employees, these transactions are conducted in accordance with market terms and conditions. The Loans provided to the Commissioners, the Board of Directors and key employees have lower interest rates as they are part of the benefits received by these individuals.
115
Related Parties
Nature of Relationship
Nature of Transaction
Standard Chartered Bank PLC
Owned by same ultimate shareholder
Fund placements, Derivative Transactions
PT Bank Permata Tbk.
Owned by same ultimate shareholder
Fund placements
Development Bank of Singapore (DBS), Ltd.
Owned by same ultimate shareholder
Fund placements. Derivative Transactions
PT Chandra Asri
Owned by same ultimate shareholder
Acceptance Transactions
(in millions of Rupiah) Remarks
31 March
31 December
2011
2010
2009
2008
56,828
111,242
140,412
344,421
2,083
892
3,721
1,982
—
—
—
89,762
Total
58,911
112,134
144,133
436,165
Percentage against the amount of assets
0.05%
0.09%
0.15%
0.41%
PT Bank Permata Tbk.
—
120,000
—
—
Deutsche Bank AG
—
—
—
247,500
Standard Chartered Bank PLC
275,000
475,000
556,875
680,625
Total
275,000
595,000
556,875
928,125
0.22%
0.50%
0.56%
0.87%
—
—
—
129
1
251
—
—
—
—
—
2
1
251
—
131
0.00%
0.00%
0.00%
0.00%
Commissioners and key managements
13,214
10,910
4,668
12,594
Total
13,214
10,910
4,668
12,594
Consolidated Assets (a)
Current account with other banks — net Standard Chartered Bank PLC. Development Bank of Singapore (DBS) Ltd. American Express Bank Ltd.
(b)
Placement in other banks and Bank Indonesia — net
Percentage against the amount of assets (c)
Derivative receivables — net Deutsche Bank AG Development Bank of Singapore (DBS) Ltd. Standard Chartered Bank PLC Total Percentage against the amount of assets
(d)
Loans — net
116
(in millions of Rupiah) Remarks
31 March 2011
2010
2009
0.01%
0.01%
0.00%
0.00%
PT Chandra Asri
—
190,220
—
—
Total
—
190,220
—
—
Percentage against the amount of
—
0.16%
—
—
347,126
908,515
705,676
1,377,015
0.28%
0.77%
0.72%
1.28%
Current accounts
14,993
86,785
1,059
378
Savings
44,175
33,631
17,462
20,501
Time deposits
31,489
36,123
50,984
107,438
Total
90,657
156,539
69,505
128,317
Percentage of total liabilities
0.09%
0.16%
0.08%
0.13%
PT Adira Sarana Armada
—
—
—
2,051
Commissioners and key managements
44
36
79
1,167
Total
44
36
79
3,218
0.00%
0.00%
0.00%
0.02%
416
474
554
15,848
—
—
—
4
416
474
554
15,852
0.03%
0.01%
0.01%
0.27%
Percentage against the amount of assets (e)
31 December 2008
Acceptance receivables — net
Total Percentage of total assets Consolidated Liabilities (f)
Deposits from customers
Consolidated Profit Loss (g)
Interest income
Percentage of total interest income (h)
Interest expenses Commissioners the Board of Directors and key management Others Total Percentage of total interest expense
10. MATERIAL AGREEMENTS WITH THIRD PARTIES In its normal course of business, the Company conducts material transactions with third parties as detailed below, and the Company expects to enter into similar material transactions in the future.
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(a)
Hardware Maintenance — Core Routers and Switch Agreement No. F.048/001/010508/ IT.VM dated 1 May 2008, extended Agreement No. F.048/001/290411/IT/VM dated 29 April 2011 made between the Company and PT Master System Infotama The parties have agreed and consent to enter into an agreement regarding the Core Routers and Switch Maintenance, in consideration of the Company is a private bank (foreign exchange) which requires a national Core Router and Switch Maintenance service. The Company appointed Mastersystem to perform maintenance work and repairs on hardware and software owned by the Company including periodic inspection and testing, as well as other support services. The agreement is valid until 30 April 2012.
(b)
Trademark License Agreement dated 31 August 2006 between the Company and American Express Limited The Company is given and received licensing rights for brands Amex Licensed Marks. The licence rights are non-exclusive and non-transferable. This Agreement shall enter into force at the time of the effective date as mentioned above, and will continue to be valid as long as Independent Operator Agreement applies or is terminated. License fees amounted to USD6,450,000.
(c)
Independent Operator Agreement dated 31 August 2006 between (i) the Company, and (ii) American Express Limited (“Amex”) Amex hereby give consent to the Company to act as a credit card issuer of American Express in Indonesia; as Acquirer in Indonesia, as well as entering collective agreements to establish a Local Service Establishment, and as the organizer of the American Express credit card services in Indonesia. Company in this regard is obligated to pay certain fee as specified in the Agreement. This Agreement is effective on 31 August 2006 for the period of 8 years and can be extended with prior notice.
(d)
GLOBE License Agreement dated 31 August 2006 between (i) the Company and (ii) American Express Limited (“Amex”) The Company hereby agrees to lease from Amex and Amex agreed to lease to the Company, GLOBE (i.e.: hardware, operating components, and other related material that can support the Company in making network between the host system owned by the Company with Amex). The amount of the rent for each of Globe amounted to US$ 1,980 for each of the GLOBE. This agreement also ends if the Independent Operator Agreement is expired/terminated.
(e)
ATM Agreement dated 30 August 2006 between (i) the Company and (ii) American Express Limited (“Amex”) The Company will provide access to each cardholder to the ATM network owned by the Company to make cash withdrawals including in other ATM networks that cooperate with the Company. Company in this regard is required to pay certain fee to American Express Limited as specified in the agreement. This Agreement shall enter into force on 30 June 2007 and also end if the Independent Operator Agreement is expired/terminated.
118
(f)
Cooperation Agreement on Cash in Transit (Delivery & Pick Up) and Cash Processing No. 442/SPDD/0904 dated 15 September 2004 as lastly amended by addendum VI of Cooperation Agreement between the Company and PT G4S Cash Services No. B.070/PYMT/RPC, dated 23 October 2008 The Company appointed Securicor to provide cash in transit (delivery & pick-ups) and cash processing services. This agreement is valid for 12 months and will be extended automatically for the same period unless terminated in accordance with the provisions of the agreement. This agreement has been automatically renewed and still valid.
(g)
Managed Services and Support Agreement for SAP HR systems Ref: P.026/008/ 311209/IT.VM dated 31 December 2009 between the Company and PT Emerio Indonesia, and extended by Agreement P/026/003/311210/IT.VM on 31 December 2010. The Company appointed PT Emerio Indonesia to provide maintenance service and support for the software specified in the agreement in accordance with the terms and conditions of the agreement. The agreement is valid until 31 December 2011.
(h)
Managed Services and Support Agreement of Oracle Data Base — NCBS dated 12 February 2010 between Company and PT Emerio Indonesia, and extended by an Agreement P/026/001/110211/IT.VM on 11 February 2011 The Company appointed PT Emerio Indonesia to provide maintenance service and support for the software specified in the agreement in accordance with the terms and conditions of the agreement. This agreement is valid until 2012.
(i)
Cooperation Agreement on Implementation of Auction upon the Security of Working Credit No. 396/Coll/CMM/R1/0909, dated 18 September 2009, between (i) the Company (“Bank Danamon”) and (ii) PT Srijaya Realty (“Auction House”), extended by an Agreement No. 011/SCC/HKM/R7/1210 dated 20 December 2010 Enforcement by Sale through an auction by Auction House over the security of a credit facility given by Company to its debtor and where security has been encumbered with security rights, through a public auction to receive maximum sale price. This Agreement is valid until 31 December 2011.
(j)
Cooperation Agreement Regarding Autorefill SMS Services for Simpati Pulse Refill, Telkomsel No. 534/LG.05/PD.00/V/2003 and Bank Danamon No. B.204-DIR, dated 19 May 2003, as amended by First Amendment on Autorefill SMS Services for Simpati Pulse Refill No. B442 CMC 8 SME and No. AMD.369/LG.05/PD-00/VI/2004, dated 11 August 2004, and Second Amendment No. 1024/LG.05/CO-00/V/2006 and Bank Danamon No. B.0234.AHM.SR dated 15 May 2006. Telkomsel and the Company agree to cooperate on Simpati Pulse Refill through an Autorefill SMS services. In order to perform the cooperation as contemplated under this SMS Autorefill Agreement, Telkomsel will use Euronet network to connect Telkomsel Computer Centre with the Company Computer Centre (hereinafter referred to as “Link Network”). This Agreement is automatically renewed and still valid.
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(k)
Cooperation Agreement on ATM Cash Replenishment Service and First Line Maintenance of ATM Machine No. B-437/SPDD/0904 dated 14 September 2004 as amended by Addendum I Cooperation Agreement No. B-D111/PYMT-RCCV dated 14 September 2007, and Addendum II Cooperation Agreement No. B-0080/PYMT-RCCV, made between the Company and PT Cisco Mas Sekurititama and Addendum III No. C06.09/043/CC/SD/ATM dated 17 June 2009 The Company hereby appointed Cisco and Cisco accepted its appointment to provide ATM Cash Replenishment and Maintenance Services for ATM. This agreement is valid for 12 month period and will be automatically renewed.
THERE ARE NO RESTRICTIONS (NEGATIVE COVENANTS) IN ANY OF THE AGREEMENTS REFERRED TO ABOVE THAT COULD PROHIBIT THE LIMITED PUBLIC OFFERING V, AND COULD HARMED THE RIGHT AND INTEREST OF THE PUBLIC SHAREHOLDERS. 11.
DISPUTES RELATED TO THE COMPANY The Company in conducting its business has been involved with various lawsuits. Material disputes involving the Company as a defendant are as follows: (a)
The Company is defending against allegations that the Company committed illegal acts by blocking funds from subordinated loans by the plaintiffs, namely: (i) Scholarship Foundation Super Semar, (ii) Dakab Foundation, and (iii) Dharmais Foundation to PT Bank Duta Tbk as a result of the Company’s current business mergers. This lawsuit has a value of Rp124,320,000,000 (one hundred twenty-four billion three hundred and twenty million Rupiah). The case is currently on appeal at the Court of Appeals in Jakarta. After the Company prevailed in the South Jakarta District Court, the plaintiffs appealed to the Court of Appeals in Jakarta.
(b)
The Company is involved in a tax dispute, in which the Company is acting as an applicant of appeal against the Director General of Taxes. The reason for the appeal is as follows: The Company filed its application following a correction conducted by the Director General of Tax on the “receivables assignment to BPPN” and “unclear receivables reserves funds” as mentioned in the letter of examination result (SPHP) for the tax year of 1999 No. SPHP-150 /WPJ.19/KP.0100/2003 dated 6 November 2003. The Directorate General of Tax provided the following bases for its correction: 1.
Deletion of receivables transferred to the Indonesia Bank Restructuring Agency (BPPN) That the transfer of receivables to the BPPN is the elimination of receivables that do not meet the requirements stipulated by the provisions of the applicable tax.
2.
The cost of accounts receivable reserves is unclear That the costs of accounts receivable reserves are not clearly corrected because the calculation of the cost of the tax receivable reserves is unclear; The company did not agree with: (i)
Correction of receivables transferred to BPPN in the amount of Rp17,243,324,000,000 (seventeen trillion two hundred forty-three billion three hundred and twenty-four million Rupiah);
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(ii)
The cost of accounts receivable reserves in the amount of Rp2,814,435,000,000 (two trillion eight hundred fourteen billion four hundred and thirty-five million Rupiah).
In 2004, the Company had paid tax in the amount of Rp651,390,000,000 (six hundred fifty one billion three hundred ninety million Rupiah) with respect to claims submitted by the Director General of Taxes. At the appellate level, the Company lost, and the Company then filed an application for civil review (peninjauan kembali) in the Supreme Court. Based on the information on the Supreme Court’s website, the Company has lost in the civil review (peninjauan kembali) stage. At this time, the Company will re-file on the civil review (peninjauan kembali). (c)
The Company is involved in a lawsuit in which the Company is a Co-Defendant, with PT Bumirejo as Plaintiff and (i) Rini Ariasi, (ii) Simon Susilo, (iii) Arman, (iv) PT Arman Jaya Perdana as the Defendants. This case related to the tort case in connection with the fraud of power of attorney conducted by head of branch of PT Bumirejo to perform transaction on the PT Bumirejo’s account recorded in the Company, Teluk Betung — Bandar Lampung Branch and the Company is accused not performing bank’s prudential principle in the opening of account process. The amount of material and immaterial claim is Rp20,480,000,000. The Company has lost in the District Court and Court of Appeal stage. At this time such case is in the Cassation stage in the Supreme Court;
(d)
The Company is involved in a lawsuit in which the Company is the Defendant and PT Necis Indah Cemerlang is the Plaintiff, in connection with the case whereby the management of PT Necis Indah Cemerlang entered into TARN Agreement without obtaining prior approval from the General Meeting Of the Shareholders (GMS) as provided in the deed of establishment of Necis and that the relevant TARN Agreement is in breach of Law No. 8 of 1999 regarding the Consumer Protection. The amount of material and immaterial claim is Rp328,000,000 or equivalent to US$277,506.46. The Company has lost in the District Court, Court of Appeal and Supreme Court stage. At this time such case is in the civil review (peninjauan kembali) stage;
(e)
The Company is involved in the lawsuit case whereby the Company is the Defendant and Fiveri Yenti is the Plaintiff, in connection with tort case on the termination of employment related to the fraudulence act. The amount of material and immaterial claim is Rp28,000,000,000. The District Court of Padang has rendered a judgment on such case (The Company has been punished to make and publish an apology statement to Fiveri Yenti in five newspapers with a national circulation for three consecutive publications at the Company’s own cost). At this time such case is in the appeal stage in the Court of Appeal;
(f)
The Company is involved in the lawsuit case whereby the Company is one of the Defendants in addition to Ria Tanudjaja and Lilianan Tedjopasrto. The Plaintiffs in this case are (i) Yuni Mulyani and (ii) Juwono. Bank Indonesia, Head of Semarang National Land Office and Indonesian Notary Union as Co-Defendant respectively. This case is in connection with tort case on the Invalid Deed of Sale and Purchase or contravene with the law between Defendant I and Defendant III. The amount of material and immaterial claim is Rp6,897,500,000. The Company won in the District Court and Court of Appeal stage. At this time such case is in the Cassation stage in the Supreme Court;
(g)
The Company is involved in the lawsuit case whereby the Company is the Defendant and Gamal Suwantoro is the Plaintiff, in connection with tort case related to the cancellation of Credit Agreement between Gamal Suwantoro and the Company pursuant to fraudulence case. This case is related to Kranggan fraudulence case conducted by Agung cs. The amount of material and immaterial claim is Rp1,000,000,000. The Company has won in the District Court and Court of Appeal stage. Based on information from the Supreme Court 121
website, the application of Gamal Suwantoro Cassation was rejected by the Supreme Court based on a decision dated July 15, 201 (won by the Company); (h)
The Company is involved in the lawsuit case whereby the Company is the Defendant and Funny is the Plaintiff, in connection with the complaint filed by Funny related to the inclusion of her name in the SID system (bad debtors) in Bank Indonesia. Funny claim that she has never done any transaction using Bank Danamon credit card. The amount of material and immaterial claim is Rp29,000,000,000. The Company won this case in the District Court. At this time such case is in the appeal stage in the Court of Appeal; and
(i)
The Company involved in the lawsuit case whereby the Company is one of the Defendants besides Agung Purnomo, Asta Dewasta Mandegani, Lilis Setyani and Rita Nurlili. The Plaintiff in this case is Lily Mulyani, Sarwo Hardono and Sri Wahyuni. This case is in connection with tort case, for deliberately made or caused false record in the credit agreement bookkeeping or in the banking report and by law cancel such credit agreements. The claim is to punish the Defendants to jointly pay the material and immaterial compensation in the amount of Rp20,480,000,000. The Company won the case in the District Court. At this time such case is in the Appeal stage in the Court of Appeal.
THE COMPANY MANAGEMENT HAS DISCLOSED ABOVE ALL MATERIAL DISPUTES IN WHICH IT IS A PARTY. REGARDING THE MATERIAL DISPUTES DISCLOSED ABOVE, THE COMPANY BELIEVES THAT THE OUTCOME OF THE CASES, WHETHER FAVORABLE OR NOT, WILL NOT HAVE IMPACT ON THE CONTINUITY OF THE COMPANY’S BUSINESS OR ITS FINANCIAL VIABILITY.
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VIII. 1.
ACTIVITES AND PROSPECTS OF THE COMPANY
General The Company is domiciled in Jakarta and established under the name of PT Bank Kopra Indonesia or PT Indonesian Copra Banking Corporation by virtue of Deed No. 134 dated 16 July 1956 drawn up before Meester Raden Soedja, at the time Notary in Jakarta. Such deed has been approved by the Minister of Justice of the Republic of Indonesia by virtue of a Decree No. J.A.5/40/8 dated 24 April 1957, registered at the District Court of Jakarta under No. 845 dated 7 May 1957 and announced in the State Gazette of the Republic of Indonesia No. 46 dated 7 June 1957, Supplement No. 664. The Company has obtained business licence as a commercial bank from the Ministry of Finance of the Republic of Indonesia on 30 September 1958 by virtue of Decree of the Minister of Finance of the Republic of Indonesia No. 161259/U.M.II and has been a foreign exchange bank since 5 November 1988 by virtue of Decree of the Board of Directors of Bank Indonesia No. 21/10/Dir/ UPPS.
2.
Distribution Network As at 30 June 2011, the Company has 79 domestic branches offices, 390 domestic supporting branch offices, 920 Danamon Credits and Savings (Danamon Simpan Pinjam) branch offices (including 19 implant branches which are supported by 200 mobile units), 246 sales representative office, 8 Syariah branch offices, 3 Syariah supporting branch offices, 10 Syariah Gold Solution offices spread throughout Indonesia and 1 overseas branch. The following table shows the branch office network of the Company based on working area (excluding syariah branches, sales representative offices and overseas branches) as at 30 June 2011:
Region
Coverage of Area
Area I
Jakarta, Bogor, Tangerang, Bekasi, Karawang, Cilegon, Lampung
Area II
Location of Regional Offices
Total Branch Offices
Total ATMs
Jakarta
255
418
West Java
Bandung
113
71
Area III
East Java, Bali, Nusa Tenggara
Surabaya
273
178
Area IV
Sulawesi, Maluku, Irian Jaya
Makassar
158
110
Area V
Kalimantan
Balikpapan
90
83
Area VI
Sumatera
Medan
263
126
Area VII
Central Java, Yogyakarta
Semarang
237
98
1,389
1,084
Total
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The ownership status of the above branch offices are based on Hak Milik (“HMSRS”) or Right to Build (“HGB”) Certificates, which are owned and/or possessed by the Company and rent as indicated below: Total Offices and Status Location of Regional Offices
HGB/ HMSRS
Other Rights On Land
Rent*
Jakarta
122
4
127
Region
Coverage of Area
Area I
Jakarta, Bogor, Tangerang, Bekasi, Karawang, Cilegon, Lampung
Area II
WEST JAVA
Bandung
24
1
81
Area III
East Jawa, Bali, Nusa Tenggara
Surabaya
55
2
196
Area IV
Sulawesi, Maluku, Irian Jaya
Makassar
20
—
74
Area V
Kalimantan
Balikpapan
20
—
38
Area VI
Sumatera
Medan
51
1
160
Area VII
Central Java, Yogyakarta
Semarang
27
—
206
319
8
882
Total *
All branch offices of the Company which derive from third party rent are based on rental agreements that are legal, enforceable and binding on the Company
Besides branches offices, the Company also established several special networking channels in order to provide better services to its customers. •
Small Medium Enterprises (“SME”) Business Segment The SME business segment covers small and medium financing needs with total financing ranging from Rp500 million up to Rp10 billion. The Company serves the customers of SME throughout Indonesia through 136 branch offices which are located in 7 marketing regions namely Jakarta, Bogor, Tangerang, Bekasi, West Java, Central Java, East Java (including Bali and Nusa Tenggara), East Indonesia (Sulawesi, Maluku and Irian Jaya), Kalimantan and Sumatera.
•
Danamon Access Centre Danamon Access Centre is a 24-hour banking service which is accessible from 8 of the largest cities in Indonesia (Jakarta, Bandung, Surabaya, Semarang, Medan, Makassar, Denpasar and Balikpapan) through local calls.
•
Credit Card Centre Centre for credit card services of the Company which offer VISA and Master Card customer services in Jakarta and 6 credit card services regional offices in Medan, Bandung, Yogyakarta, Surabaya, Makassar and Denpasar.
•
Syariah banking Up to the end of June 2011, the Company has 8 Syariah branch offices, 3 Syariah supporting branch offices and 10 Syariah Gold Solution in Jakarta, Bogor, Makassar, Banda Aceh, Bukit Tinggi, Solo, Surabaya, Martapura, Bandung and currently plans on expanding such branches to distribute banking products from Syariah finance. 124
•
Danamon Simpan Pinjam (“DSP”) The Company intends to become a community bank which offers products and services to individual customers throughout Indonesia by building special distribution networks called Danamon Simpan Pinjam (“DSP”). Since its launch in March 2004 and up to the first semester of 2011, the Company has opened 1,047 DSP units spread throughout Indonesia.
3.
Business Strategy The Company’s target is to become a renowned financial company in Indonesia, which is committed to providing quality banking services to its customers and offering attractive returns to its shareholders. The Company strives to continually raise its standards in order to reach those of other renowned international financial institutions through continuous efforts to expand its business, strengthen its cooperation networks with existing customers, hold manpower training and recruitment activities, strengthen product marketing and brand awareness activities, build synergies between segments and existing customers, and improve internal processes as regards customer service and risk management. The key elements of the Company’s strategy are as follows: •
Continued Focus on Core Strengths and Expansion of the Range of Products and Services Offered to Existing Customers In relation to positive macro-economic conditions and increasingly attractive prospects for growth in Indonesia, the Company will continue to focus on development of the mass market business (including microfinance businesses, financing of white goods and motor vehicles financing), retail and consumer loans (especially house loans, personal loans and credit cards) and loans to middle and small-scale as well as commercial customers throughout Indonesia. The Company will also continue to develop its non-mass market businesses by offering quality customer services through the offering of more varied business products and services such as asset based finance and trade finance. The Company intends to maintain its activities in the corporate segment by concentrating on efforts to strengthen its cooperation networks with existing customers that engage in operational activities in various industrial sectors throughout Indonesia which are competitive in international markets or which bring about impact to the Indonesian economy.
•
Enhancement of Cross-Selling Capabilities With its large customer base, cross-selling activities offer extensive opportunities to the Company in supporting its business growth. The Company has succeeded in increasing cross-selling activities through its efforts of encouraging customers to take advantage of products and services offered by it, through the combining of products across business lines. The Company continues to assist its business segments to consolidate customer profile data through the application of an integrated information technology system so as to be able to identify available opportunities for cross selling. The Company will continue to focus on developing closer synergies between Adira Asuransi and Adira Finance as well as other business segments that are targeted by the Company (including UKM and DSP systems) as efforts to better promote the development of financing and insurance to non-motor vehicles. Corporate banking and financial institution activities are centred upon efforts to strengthen cooperation networks with various product partners such as treasury, capital market and custodianship so as to achieve an increase in cross selling which in turn will bring about variations in commission income (fee based income). By introducing products and services to differing business segments to prospective customers, the Company plans on creating a “one-stop shop” to customers by way of providing comprehensive products and services.
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•
Increase in Competitiveness and Productivity of Employees The Company plans on strengthening the quality of its employees as regards their competitiveness and productivity as part of efforts to reach its strategic objectives. The Company will continue to recruit, hold trainings for and retain talented employees to increase the quality and productivity of its human resources in accordance with its strategies. In optimizing its employees, the Company plans to apply international scale best practices in managing its human resources. For example, the Company has established Danamon Corporate University and carried out monthly internal meetings on human resources on a periodical basis. Throughout 2010, the Company held training programs for 8,000 of its employees for the purposes of building a positive working culture and environment for such employees. The Company has also introduced a programme called Employee Opinion Survey to assess the level of satisfaction of employees working for the Company.
•
Selective Development of New Business Lines The Company has been successful in creating and developing new products to meet the needs of its customers. The success of DSP which was introduced in 2004 as a market leader in the micro financing segment constitutes evidence of the Company’s success in gaining profits from such segment. The newest line of business developed by the Company is Syariah Gold Solution introduced in 2010 which, to date, has been well developed through its 10 branch offices. This product has been developed to serve the needs of mass market customers through the offering of products of special syariah financing characteristics to customer segments currently being developed in Indonesia. The Company is of the view that a number of opportunities still exist for the development of new products and services in line with the growth of the financial services industry.
•
Development of Distribution Networks to Fulfil the Needs of Customers for Convenient Services and the Reduction of Funding Fees The Company plans on increasing the number of its branch offices to fulfil the needs of customers for more convenient services. The Company shall provide complete services in all of its branch offices so that customers may enjoy banking services in a convenient manner any time and anywhere. The Company shall continue to develop its data centralization process so as to attain efficient services and create conducive conditions to support the fulfilment customer and employee needs for convenient services. The Company shall further develop distribution network alternatives through internet banking, call centre, mobile banking, ATM and other services. In terms of funding, the Company shall seek opportunities to enlarge sources of its financing from the mass market segment through the DSP offices network. The Company is of the opinion that this step will increase customer services and convenience, particularly with regards to the Company’s target to increase the amount of its deposits and contributions from current and savings accounts to total deposits which, as at 31 March 2011, stood at 37%.
•
Strengthening of Risk Management The Company shall continue to carry out prudent and effective risk management. The Company shall continue to maintain a strong capital position, good asset quality and healthy balance sheet. The Company shall continue to encourage steps to create efficient and effective internal operations by way of creating evaluation process policies and approvals on the granting of credit in tiers, assessment and monitoring of risk exposures derived from both business sectors and the company itself, and review of risks faced by the Company which shall be held monthly by the Risk Management Committee. 126
4.
Competitive Advantages As a bank which focuses on the mass market segment, the Company has a number of advantages over its competitors. Given the currently favourable conditions of the Indonesian economy, the Company believes it can capitalise on existing opportunities that play to its competitive advantages. Highly Recognized Brand Name With A Long Reputation The Company has a long history and reputation as one of the leading players in the Indonesian banking sector. With over 55 years of operating history since 1956, the Company has one of the most recognized brand names among Indonesian financial institutions with over 2,000 customer touch points in the form of branches, ATMs, SEMM or DSP outlets, spread strategically across Indonesia. As of 11 March 2011, the Company was the sixth largest commercial bank and the third largest private national bank in Indonesia by assets, loans and deposits. The combination of its brand recognition, reach and scale have made it a premier financial institution in Indonesia and the preferred lender in the mass market segment. Leadership In Mass Market Banking The Company’s leadership position among Indonesia’s banks within the mass market segment has provided it with a strong national profile and highly recognizable brand. The Company is a leading player in the following key business segments: •
Automotive financing: The Company’s automotive financing business is conducted through its Subsidiary, Adira Finance. Adira Finance is one of the largest auto financing companies with market shares of 13.9% and 5.3% for new motorcycle and car sales, respectively, in 2010. Unlike many other automotive financing providers, Adira Finance has a multi-brand dealership strategy with a focus on both motorcycles and cars.
•
Micro Finance: Since its inception in 2004, DSP has achieved rapid growth and established itself as one of the leading microfinance provider in Indonesia. DSP has a highly customized product offering focused on sellers in traditional or wet markets and is the leader in servicing this market.
•
Consumer financing: Adira Kredit is the market leader in white/durable goods financing. This is a high growth and high margin segment which remains relatively under-penetrated by Indonesia’s commercial banks.
Its long history as a leading mass market lender provides significant operational expertise and strong relationships with automotive dealerships and other vendors that are difficult to replicate in an increasingly competitive environment. The portfolio Company in mass market delivers high yields relatively compared to the yield of the Indonesian banking sector in general. As of 31 March 2011, loans to the mass market segment accounted for 58% of the total loan portfolio, resulting in the Company’s ability to achieve the highest net interest margins (NIM) compared with that achieved by the six largest banks in Indonesia.
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Established Business Model Offering Cross-Selling Opportunities The Company believes that its strong brand recognition provides it with a powerful platform from which to market its products and services. The Company believes that it can use the breadth of its existing mass market portfolio to increase cross selling of products in particular between Adira Finance, Adira Asuransi and DSP. The Company has established relationships with an extensive base of small- and medium-sized business customers and mass market retail customers which the Company believes allows it to effectively implement strategies to cross-sell products and services. As of 31 March 2011, it had approximately 18,000 small- and medium-sized customer loan accounts, 4 million mass market customer loan accounts and 1.9 million customer deposit accounts. Expanding Distribution Network With Strong Momentum In Deposit Growth The Company has a broad and strategic multi-channel distribution platform located throughout Indonesia. As of 30 June 2011, The Company had 79 domestic branch offices, 390 domestic supporting branch office, 920 Danamon Credits and Savings (Danamon Simpan Pinjam) branch offices (including 19 implant branches, with the support of 200 mobile units), 246 sales representative offices, 8 Syariah branch offices, 3 Syariah supporting branch offices, 10 Syariah Gold Solution spread throughout Indonesia, and 1 overseas branch office, 1,084 ATMs owned by the Company and more than 25,000 shared network ATMs with other banks. From 2006 to 2010, the number of the Company’s conventional branches and ATM networks grew by 18% and 44% respectively. The Company offers a variety of electronic banking services, including mobile banking, Internet banking and call centers, to build and develop our retail presence in order to increase deposits. Stable Asset Quality The Company’s management team and employees are focused and dedicated to prudent risk management and have established a comprehensive risk management framework covering credit, market, liquidity and operational risks. Specifically, it maintains independent checks and balances in its credit extension process through a decentralized credit scoring and risk management system. This enables the Company to accurately identify, monitor and assess customers’ credit profiles according to their respective segmentation. This comprehensive risk management framework, which is supported by advanced risk management information technology systems, enables us to better manage our credit risk and loan portfolio. As a result, the Company has been able to significantly improve the asset quality of our loan portfolio. As of 31 March 2011, our gross NPL ratio and NPL coverage ratio were 3.09% and 100.3%, respectively, compared to 4.0% and 90.3% as of 31 March 2010. Highly Experienced Management Team The Company’s senior management team has extensive banking industry and leadership experience in Indonesia. The management team’s ability to provide strategic direction and execute business initiatives in a highly competitive market is best evidenced by the Company’s strong position in the Indonesian banking sector. In the last two years, the senior management team has executed a series of strategic initiatives that has resulted in our continued delivery of growth and profitability, stable asset quality as well as strong share price performance. In addition, the senior management invests significant time and resources in ensuring that all staff have the requisite skill sets to implement the Company’s policies through the pursuit of qualified external hires and the training of existing employees. The Company believes this track record 128
demonstrates senior management’s strategic vision and their ability to continue to provide the Company with a critical advantage in an increasingly competitive environment. 5.
Business Activities Retail Banking In the first quarter of 2011, Retail Banking maintained its role as an important contributor in the financing sector of the Company. The total funds raised represent an increase to Rp52,411 billion from the previous year’s amount of Rp43,938 billion and constitute 63% of the total third party funds of the Company. Low cost funds from savings and current accounts grew significantly by 35%, far surpassing the growth rate of deposit products. 2010 was an eventful year for the growth of the national consumer banking industry. As consumer confidence levels recovered, the opportunities for the growth in consumer banking business increased. In 2010, the Company completed the reorganisation process to incorporate the entire consumer banking business into a single structure. This new structure will encourage greater synergies in the products offered and in turn increase the Company’s ability to provide better service. The retail banking business continues to deliver on its strategic plans and has experienced positive momentum in most business activities. The transformation of business includes improvements in the product portfolio, marketing and promotions, customer segmentation and analysis capabilities, service and sales and process efficiency. In 2010, the Company implemented a new branch concept called “Winning Model Branch” in 470 conventional branches. The new branch model was launched to improve relations with customers through the transformation of the branch function. The main goal is to turn every customer visit into an unforgettable experience of banking, where customers can better understand existing products, conduct discussions with competent staff and choose products according to individual needs. Customers in the upper middle segment can enjoy exclusive personal service known as privilege banking. Up to 30 June 2011, the Company expanded its ATM network which covers 1,084 ATMs of Danamon. In combination with the ATM machines of the Company’s partners, the Danamon ATM network consists of more than 25,000 ATM machines throughout Indonesia. Similarly, the development of internet banking services increased its number of transactions five-fold from a year earlier. Significant progress has been made in the effort to increase savings products, investments, loans and credit cards in Danamon. The Company increased the choice of unit-linked products and new investment products, in collaboration with strategic partners. Danamon Cards The Company conducts its credit card business through its main card centre in Jakarta, which carries out all aspects of the management of credit cards including marketing, sales, acquisition, application processing, operation and credit card collection. The main card centre is supported by regional card centres in Bandung, Surabaya, Yogyakarta, Medan, Batam, Bali, Manado, Makassar, Balikpapan, Palembang and Pekanbaru. The credit card unit was first established in 1989 when the Company obtained a licence to become an issuer and acquirer for both VISA and Master Card. In 2006, the Company acquired the franchise of American Express cards in Indonesia, which included the issuance of American Express and exclusive management of merchants in Indonesia. 129
In 2010, under the supervision of a new and experienced management team, the card centre conducted a review and upgrade of the credit card business, such as carrying out re-organisation based on industry best practices, unlike its previous strategy that focused on portfolio development. The Bank started to develop a wide range of attractive offers for card holders and increasing awareness of credit card. As of 31 March 2011, the total of receivables outstanding was Rp1,588 billion compared to the 31 March 2010 amount of Rp1,680 billion, a decrease of 5.5% which resulted from the change of management decision to separate the sales and credit card and unsecured credit. Over the past three years, the Company has enjoyed a significant reduction in delinquency and loss rates. NPLs at a rate of 2.5% are categorized low for NPLs, and credit cards are much better than the industry average. This improvement in asset quality is partly attributable to improvements in risk management and collections and focusing on new account acquisition strategies. A loss is recognized at 180 days past due, as stated in the Company’s credit policies. To cover losses, the Company has formed a loss provision policy in accordance with Bank Indonesia’s regulations. Currently, the business of credit card of the Company has various choices in Indonesia, offers credit services such as Visa, Master Card and American Express. As at 31 March 2011, the Company has more than 350,000 credit cards including credit card of dirham syariah. The credit cards business offers products that are tailored to various market segments. The American Express Charge Card provides high-end customers with the convenience of “no pre-set spending limit”. The American Express Corporate Card aims to provide companies with both convenience and control when managing their corporate expenses, while the American Express credit cards allow more convenient and flexible payment instalments. My Own Cards from Visa/MasterCard focuses on providing cash back to the customer for their daily expenses. In addition, the Company is the only card issuer in Indonesia to have cards linked to the English Premier League clubs such as Manchester United, Liverpool and Arsenal. Also included in the MasterCard is the Dirham Card, the first ever syariah principles-based credit card to be introduced in Indonesia. As of 31 March 2011, the Company maintained a network of more than 18,000 credit cards and American Express merchants, with a monthly sales volume of approximately Rp1 billion. To support its merchant acquisition business, the Company provides a 24-hour merchant hot-line and authorisation centre. In order to manage credit risk in a high growth environment, the Company has an independent credit policy unit that develops and reviews the Company’s credit related policies and procedures for its card business. The Company makes extensive use of the Credit Bureau and believes that this is a key factor in maintaining asset quality in this business. The operations of the Company’s credit card business are also governed by regulations applicable to American Express, VISA and MasterCard. Bank Danaman’s credit card service continues to strengthen its presence by offering various benefits through cooperation with partners in the Company’s business. In addition the Company continued to increase its merchant network and make Bank Danamon credit cards the only card to provide EDC terminals that accept credit and debit cards of American Express, MasterCard and VISA.
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Syariah Banking The Syariah banking business was first established in 2002 in response to emerging Indonesian demand for banking in accordance with Islamic principles. On 30 June 2011, the Company had 8 dedicated Syariah branches, 3 Syariah supporting branches and 100 office channelling in big cities in Indonesia. The various syariah products and services include a Danamon Syariah Savings Account product, Danamon Syariah Current Account, Danamon Deposit, Danamon Syariah Daily Investment (investment product) and RencanaKu Syariah (pension product investment). Danamon Syariah also offers syariah cash management services, which has become a solution for cash management that has proven to have one of the best syariah bases in the industry. Danamon syariah continuously develops its business and focuses on the cooperation segment and on small and medium businesses in the trade and distribution sector. Danamon syariah is one of the best syariah banks in providing the solutions to meet the needs in the cooperation and small and medium business segment. Since 2010, Asset Based Financing (ABF) with a syariah basis has been introduced in heavy equipment financing. The strategic goal of the Syariah Banking division is to maintain the performance of asset portfolios and to increase liquidity through financing products provided by the SME segment as well as to collect third party funds in a cost effective manner. In order to better serve its customers and capture potential markets. the Company also launched a number of new products. One of the newly developed products and services is Solusi Emas (gold solution) which was launched to serve the needs of mass market customers by offering a unique value proposition through easy, fast and convenient features as well as other additional attractive features. In 2008, Syariah Banking received an award as the “Best Syariah Bank with assets over Rp500 billion” from Investor magazine. For two consecutive years in 2008 and 2009, it received an award as the “Most Prudent Syariah Banking” from Karim Business Consulting and in 2009, it received an award as “The Best Security Squad” from Karim Business Consulting. The total assets of Syariah Banking reached Rp1,042 billion as of 31 March 2011. Meanwhile, the amount of the gross Company’s Syariah financing as of 31 March 2011 was Rp719 billion as compared to Rp726 billion as of 31 March 2010, due to the recovery of the economic condition, which had positive impacts to the Company’s business growth. The amount of the Company’s Syariah financing was approximately 1.0% of the total financing of Syariah banking in Indonesia. Syariah deposits and unrestricted investment funds decreased by 2% from Rp623 billion as of 31 March 2010 to Rp612 billion as of 31 March 2011, with the composition of cheap funds at approximately 47%. Mass Market Business High and sustainable growth in the high-yielding mass market segment is a key part of the Company’s strategy. The Company views this segment as the major engine of growth in the Indonesian banking sector and aims to capture market share, as the segment is generally regarded as under-banked. Self Employed Mass Market (SEMM) The SEMM business, also known as DSP, was established in 2004 to serve and help microfinance and small scale enterprises gain better access to banking services. Under this business, the Company targets customers requiring loans up to Rp500 million. The target market is microfinance and small businesses or traders with annual sales of up to Rp2 billion.
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SEMM currently runs two distinct business models: the Traditional or Wet Market Model and the Capital Solution Model. •
The Traditional or Wet Market Model targets traders in markets across Indonesia, operating 920 DSP units to serve big wet markets and 264 mobile units to serve smaller wet markets as of 30 June 2011.
•
The Capital Solution Model, introduced in July 2007 is designed to serve small and microfinance businesses that are the focus of non-collateral loan products and operates 246 sales offices as of 30 June 2011.
This banking procedure prioritizes speed and convenience in conducting transactions. Loans can be approved within an average of three days through a simple credit process supported by technological capability such as paperless cash transactions, thumb-print verification, etc. In addition, SEMM provides facilities in which transactions can be carried out at the customer’s residence. In its six years of operations, the SEMM staffed more than 18,700 people and serving more than 626,000 customers throughout Indonesia as of 31 March 2011. As its portfolio developed, in order to maintain growth and quality, the SEMM unit has strengthened its team support in various divisions such as collection, control and risk management through improvement of capacity and capabilities. As of 31 March 2011, the SEMM loan portfolio amounted to Rp15,871 billion as compared to Rp12,888 billion as of 31 December 2010, representing 23% annual growth. The cost to income ratio was 45.8% as compared to 47.8% as of 31 March 2010. In the first quarter of 2011, the credit charges (calculated as provisions for loan loss including write-off and additions of recovery, if any to the average amount of assets) were at 5.0% and have remained stable as compared to the first quarter of 2010. Adira Finance The Company’s motor vehicle financing business is conducted through its Subsidiary, Adira Finance. As of 30 June 2011, Adira Finance operates 121 branches offices, 115 representative offices, 189 point of collection, spread throughout Indonesia and is currently one of the largest motor vehicle financing companies in the country. Staffed with over 25,000 employees, Adira Finance offers a wide range of consumer auto financing products, aiming to offer quality service to its approximately 2.9 million customers. Adira Finance provides new and used motorcycle and car financing. The borrowers are required to pledge the underlying assets as collateral. As of the first quarter of 2011, Adira Finance recorded new financing bookings of Rp7,069 billion, as compared to Rp4,825 billion as of the first semester of 2010, representing an increase of 47%. The outstanding gross receivables (after deduction of unrecognized consumer financial revenues) increased by 38.7% to Rp30,978 billion as of 31 March 2011 from Rp22,327 billion as of 31 March 2010 As of the first quarter of 2011, motorcycle financing accounted for 65% of all financing loans generated by Adira Finance, while the remaining 35% was contributed by car financing. For the same period, interest rates for motorcycle financing ranged between 21%−30%, while car financing interest rates stayed between 14%−16%. Adira Finance’s market shares in new motorcycle and new car financing increased to 13.9% and 5.3% in the first quarter of 2011 and to 13.4% and 4.5% in the first quarter of 2010, respectively, due to the improved macroeconomic condition in Indonesia. Adira Finance’s net interest income in the first quarter of 2011 is up to Rp889 billion or increase 39,3% compare with the first quarter
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period of 2010. The increase in Indonesian public revenue propelled growth in the automotive industry, which in turn has had a positive impact on the financing industry, leading to increased competition. The prevailing banking interest rates allowed financing companies to lower their financing rate. However, Adira Finance continued to maintain prudent lending policies. In the first quarter of 2011, Adira Finance’s consolidated credit charge ratio stayed at 4.6% of the average receivables, as compared to 3.7% in the same period in 2010. The quality of Adira Finance’s receivables’ portfolio (including joint financing receivables with the Bank) remained stable as a result of prudent risk management policies implemented by Adira Finance, including disciplined lending to only targeted customers and adhering to strict down payment requirements. With a team of over 8,500 collectors, Adira Finance continued focusing on collections dated 31 March 2011, NPL ratio Adira Finance on the level 1.3% Adira Quantum Multifinance (Adira Quantum) Adira Quantum (PT Adira Quantum Multifinance) is a subsidiary of the Company (99% ownership) in the financing consumer goods such as electronic goods, computer, furniture and household items (durable goods). As a subsidiary, Adira Quantum plays an important role in supporting the Company’s white goods financing business strategy to become the selected bank in the mass market segment. Adira Quantum’s main business development plan has its emphasis on network expansion by opening 100 new points of sales, particularly in Kalimantan and eastern Indonesia. In line with such expansion, improved control and supervision of infrastructure are also developed. The number of regional offices increased from 4 to 6 offices for better supervision coverage. Adira also continues improving collection process, better loan approval analysis and more efficient cost since it was launched last year. Various new initiatives will be launched to improve re-sale to more than 500,000 Adira credit customers. In line with this, various efforts will be made to improve productivity effectiveness and fast services. As of 30 June 2011, Adira Quantum served more than 570,000 customers in 275 outlets consisting of 31 branches, 17 representative offices and 227 points of sales (POS) and more than 9,000 partnership store across Indonesia. Adira Quantum intends to prioritise fast service, ease of access and comfort for the customer. In the first quarter of 2011, Adira Quantum managed to increase new financing by Rp489 billion or an increase of 37% as compared to the similar period of last year. As of 31 March 2011, the total receivables outstanding were Rp1,262 billion, an increase of 39% as compared to March 2010. Effective risk management and control resulted in a low non-performing financing receivable ratio of 2.2% for the overall portfolio. Syariah Gold Solution Although it experienced significant growth in the last five years, the national syariah banking sector is still very much in its infancy phase, with the promise of major development in the years ahead. The Company’s Syariah Gold Solution business is expected to become one of the key drivers of its Syariah business going forward. Syariah Gold Solution was launched in bigger scale starting 2011. On 31 March 2011, the credit granted through syariah gold solution reached approximately Rp7 billion with more than 1,200 customers. On 30 June 2011, the Company owned 10 syariah gold Solution offices in big cities in Indonesia.
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Small Medium Enterprise (SME), Commercial Banking and Asset Based Finance The Company’s SME and Commercial Banking (SMEC) sector had Rp21,088 billion in outstanding loans as of 31 March 2011, or 25% of the Company’s total credit. As of 31 March 2011, SMEC contributed a total of 17% of the Company’s total interest income on earning assets other than Government bonds. SME The Company’s SME business is a leading performer in this segment in Indonesia. The Company’s SME strategy is to become the sole reliable customer partner for its SME customers. The Company seeks to provide a full range of products to satisfy all of the needs of SME segment customers from time to time. Since 2007, the Company also has restructured its end-to-end process in a sustainable manner to ensure customer satisfaction at every contact point. The Company’s end-to-end process delivers excellence in convenience and simplicity to the customers in a cost-effective manner, and allows the Company to market its competitive products and services. The Company believes that superior experience will lead to long-term customer loyalty, encourage customer referrals, and increase the Company’s competitiveness in the market. The Company’s SME business segment targets candidate customers from individual businessmen or small business entities which have annual sales or turnover rate of Rp2 billion to Rp40 billion and require loans between Rp500 million and Rp10.0 billion. In reaching its key business targets, the SME business is always focused on the development strategy of products, marketing, maintaining a quality loan portfolio, and ensuring that the front line staff is equipped with proper skills and knowledge in credit and technique to sell, while also maintaining good relationships with the customers. The Company provides various credit facilities to SME customers, and most of the loans are working capital loans with one year average tenors. SME loans on 31 March 2011 in the amount of Rp10,578 billion represent 12% of the total portfolio loans provided by the Company, increasing 32% from Rp7,988 billion that represent 12% of the total portfolio loan provided by the Company on 31 March 2010. For the first quarter 2011, the weighted average yield of the Company’s Rupiah SME loans was 12%. Danamon SME Banking is the first to widely introduce Asset Based Finance products in the SME sector, supporting customers’ needs for purchasing capital investment equipment. Several new products in this segment were launched in the past three years. These included Dana Oto (an unsecured loan facility for motorcycle dealers in partnership with Adira Finance), and Quick Cash, designed to reward existing SME customers by providing loans for contingencies. The Company’s lending programme to rural banks or Bank Perkreditan Rakyat (BPR) rose by 30% in loan volume in 2010. In addition to lending products, the SME Banking division provides a range of innovative saving products to its customers. One of its key products is Dana Fleksi, which offers a unique combination of Current Account and Savings Account with additional free transaction benefits and connection to Cash@Work Internet Banking, to provide a comprehensive cash management solution to SME customers. The Company has also implemented a pioneering analysis unit, which is designed to have better understanding of business condition and customer needs in order to support their growing business.
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In the first quarter of 2011, 60% of SME business revenue was derived from lending. 19% from fee-based income and 22% from funding activities, The Company’s loan growth in the SME sector has been achieved while still maintaining prudent asset quality, with NPL at 2.6%. On 31 March 2011, the Company owned 136 branches to serves SME loans in various locations in Indonesia. Besides, the SME segment works closely with Adira Finance, Adira Quantum and Adira Asuransi to cross-sell products to the Customers who become their business partners. In line with its strategy to become the “sole” bank for its SME customers, the Company intends to build a greater presence in the market by increasing the number of banking service centres throughout Indonesia. The Company’s commitment to training and developing talent is evidenced by its planned batches of Management Trainees, with staff being offered specialized training and planned career development. Commercial Banking The strategy of the Company’s Commercial Banking division is to become a long-term strategic partner for its commercial customers, providing a one-stop service for all of the customer’s financial solutions and business needs under a full banking relationship approach. The Company emphasizes delivering value-added solutions through faster turnaround times, rather than merely offering lending products or competing on price. The Company has invested in employee training, product development. customer fulfilment and risk management systems of the Commercial Banking division to ensure that it can become a real “SAHABAT” to its customers — a reliable partner that is present in all stages of customers’ business cycles. The dynamic nature of the Commercial Banking business requires sophisticated products and services, and DANAMON SAHABAT offers technical competence and financial assistance through its full range of foreign-exchange and trade finance facilities, which equip its customers to do business in global markets. The Company believes that “SAHABAT’s” unique value proposition is accepted by customers who consider “DANAMON SAHABAT” the right choice to help them become the next generation of leading Indonesian companies. The commercial segment targets customers with an annual sales turnover of Rp40 to Rp500 billion and require loans between Rp10 billion and Rp100 billion in major cities and provincial capital cities in Indonesia. During the last two years, Commercial Banking extended its footprint by adding more staff in Samarinda, Batam, Pekanbaru and Palembang. As of 31 March 2011, the “DANAMON SAHABAT” Commercial Banking service was available in 16 cities, serving almost 6,200 customers across the country. Considerable progress was also made in terms of human resources development, as the successful Management Trainee programme which has produced high quality staff, welcomed a new batch of trainees, who are now employed by the Commercial Banking unit. The “Sahabat University” programmes continue to improve the skills and capabilities of sales people throughout the specialized training programmes. An improved performance management tracking process was initiated to align employees with the Company’s growth aspirations. Business processes were also re-aligned to significantly improve credit process and enhance lead generation capabilities. As at 31 March 2011, the Company’s commercial loans totalled Rp7,258 billion or 8% of the Company’s total loan portfolio. Meanwhile as at 31 March 2010, commercial loans were Rp6,261 billion.
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Asset Based Finance Product Asset Based Finance (ABF) offers financing of heavy equipment particularly for the agriculture sector (palm oil) and coal mining industry, which are both developing rapidly. ABF recorded growth of 13% to become Rp3,252 trillion at the end of March 2011. 2011 will also be the year in which the ABF Syariah product will be developed to service primary sectors, namely agriculture and mining. Corporate Banking While the Company’s overall strategy is focused on consumer and SME banking, it remains committed to its corporate segment which contributes approximately 12% of the Company’s total loans. Commitment to this sector is driven by a desire for a strong and well-diversified loan portfolio and the opportunity to provide additional services to high quality corporate clients. Following the establishment of the division’s own loan support and administration group in 2002, the Corporate Banking division started to engage in greater lending activity, club deals and syndication. As of 31 March 2011, corporate loans accounted for Rp10,569 billion, registering growth of 30% over Rp8,151 billion as of 31 March 2010. The quality of assets was maintained in the first quarter of 2011 and the Company noted the recovery in the amount of Rp3.7 billion compared to the provision fee in the amount of Rp9 billion in the first quarter of 2010. Corporate banking focuses not only on core lending activities but also on a range of fee earning transactional banking products and services, including cash management, trade finance, treasury products and the full complement of banking investment services. The Company remains focused on selected targets within the corporate sector in line with the Company’s strategic interests, including companies in high-growth or export-oriented sectors, companies that generate substantial fee-based income from recurring transactions, or companies engaged in industries with long upstream and downstream manufacturing or distribution chain lines that provide cross-selling opportunities for each of the Company’s business sectors. A customer profiling platform, which was developed in 2007, provides the Company with improved analysis, target definition and settings as well as tracking processes. The Company will continue to focus on increasing the quality and profitability of the corporate banking franchise by building a strong customer base, enhancing profitable relationships, managing credit risks rigorously, increasing efficiency and productivity, diversifying the product range, enhancing competency and empowering people and organisations. The Company’s top 25 corporate clients accounted for 57.4% of its corporate loan portfolio as of 31 March 2011 as compared to 67.6% of the Company’s corporate loan portfolio as of 31 March 2010. As of 31 March 2011, all of such accounts were performing. The Bank’s corporate loan strategy is to allocate loans to corporation-scale companies and to have good categorization in every industry that will become the target markets of Corporate Banking. The Corporate Banking division has worked closely with various groups to expand the range of products available to its clients. To further deepen its relationship with its valued clients, the Company now offers tailored trade financial solutions to facilitate import and export requirements, plain vanilla treasury products to satisfy foreign exchange as well as cash management collection and payment solutions.
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The Company has extended its capability to deliver more sophisticated solutions and tailored products. The Company was the first bank in Indonesia to adopt the newly launched SWIFT Trade Service Utility, which allows customers to electronically transact and exchange documents through e-banking systems. The Company’s cash management services continue to develop Unique Value Position that emphasize customized solutions, comprehensive product suites, automated processing and easy access. In 2011, the Company keeps trying to reach the Unique Value Position by strengthening on the integrated services that include Financial Supply Chain and Employee Solution. Treasury, Capital Market, and Financial Institutions The Treasury and Capital Markets (“TCM”) division of the Company have the main task to assure the continuity of the liquidity availability with appropriate fee, to ensure that the Company can deliver on its responsibility and support credit development. Consistently, that goal is achieved through the practice of risk liquidity management and prudent interest rate risk management, together with incentives offered to support customer financing, and diversification of the fund resources through the issuance of bonds and the other financing products. In addition, it serves to generate income through financial and capital market transactions both for customers and the Company’s accounts. In managing financial balance sheet risks and serving customers’ business, TCM consists of four groups, which work closely with one another and with the Company’s other functions. The Balance Sheet Management group which is supported by a strong risk management and control framework continues to manage liquidity risk and interest rate risk under the guidance of the Committee of Assets and Liabilities within the risk scheme that has been approved. The Treasury Sales, Treasury Trading & Business Management groups are responsible for serving the Company’s business units in addition to providing treasury services and products. The Company offers treasury products covering various hedging facilities with respect to foreign currency risk and interest rate risk that are acceptable to Bank Indonesia and has successfully gained international recognition for its treasury services, such as being named “Best Domestic Provider of FX Services in Indonesia”. The Financial Institution (“FI”) division is responsible for expanding the Company’s financial institutions business by building closer relationships with banks, securities companies, asset management houses, pension funds and insurance companies. It offers a broad range of services such as correspondent banking, international remittance, trade finance, custody services, cash management, as well as offering tailored treasury products and solutions. For the customers, TCM and FI also have roles as active business units that provide product and treasury services. To serve its customers, TCM sales works closely with other business units, while TCM Trading Team remains active in the interbank market to offer competitive prices to its customers. Looking forward, the Company will continue to make TCM and FI Division its main focus, as they generate and circulate funds for the Company’s business activities. As global capital markets recover from the recent economic and political crises, the role of TCM and FI will become more significant. In 2010, TCM issued bonds for the Company and Adira in the amount of Rp4.8 trillion and in the first half of 2011 did the same for Adira in the amount of Rp2.5 trillion. Such events mark the biggest issuance of obligation conducted by the Company and by an Indonesian financial institution. The Company’s revenue from treasury activities, including portfolio investment and foreign currency transactions, decreased from Rp339,3 billion for the period ended 31 March 2011 to 137
Rp36.5 billion for the period ended 31 March 2011. This decrease was primarily due to a reduction in money market and bonds transactions. In 2011, TCM continued to improve and increase its systems to obtain better control and tracking mechanisms. It also continued to focus on soft skills in management by improving the knowledge of TCM members and Line of Business (LoB) sales through Treasury Product Certification. TCM will continue to improve the services and value of products to customers as part of its sales strategies as it maintains the following goals: 1.
To further emphasize appropriateness and suitability between customers and products.
2.
To increase the base of retail customers and tailor products to the needs of retail customers.
3.
To strengthen customer franchise and establish better coordination with other LoBs.
In addition, to support the overall strategies of the Bank in 2010, TCM operated in a more prudent manner in managing risks and providing stronger control in its operations, costs and processes. Trade Finance The Company’s trade finance activities are designed to provide trade financing services and bank guarantees for customers engaged in exporting and importing activities. The Company faces challenges in achieving its goal of increasing its market share in this segment, particularly with regards to pricing competitiveness relative to its primary competitors. Danamon’s trade finance products offer extensive trade delivery channels, payment methods and services according to need, which combined with wide international partnership and local service networks for a solution can achieve business target of the customers. Cash management service offers integrated banking solution to assist customer in managing cash flow and liquidity effectively. One of the main solution of cash management is Cash@work, an electronic banking services which gives ability to access cash management transaction through internet network. The Company is one of the banks that gives complete trade finance products in Indonesia. Since 2004, Danamon keeps maintaining its position as one of the front play in the trade finance and cash management. The superiority of Danamon in this sector is already being recognised internationally with the awards of “Best Trade Finance Provider in Indonesia” from Global Finance for 2004, 2005, 2006, 2007 and 2010 and the award of “Best Local Cash Management Banks in Indonesia” from Asiamoney for 2008, 2009 and 2010. Adira Asuransi Adira Asuransi (PT Asuransi Adira Dinamika) is a subsidiary of the Company (90% ownership) in the general insurance business. Established in 2002, Adira Asuransi offers two categories of general insurance products, namely motor vehicles and non-motor vehicles. Non-motor vehicle insurance includes personal accident, fire, heavy equipment, transport and other insurance products. Motor vehicle insurance contributes 66.5% to the total portfolio, with the remaining 33.5% from non-motor vehicles insurance. As of 30 June 2011, with 9 branch offices and 41 outlets across Indonesia, Adira Asuransi is one of the top three largest providers of motor vehicle insurance in Indonesia. Adira Asuransi offers its products under a widely known brand and with value added features such as customer services which is one of the best in its industry. Autocilin auto insurance product (consisting of Autocillin Classic and syariah-based Autocillin Ikhlas insurance) from Adira Asuransi is supported by workshop partners available in a number of places with a promising good and 138
guaranteed work. Insurance product for motor-bicycle, Motopro, is also known as one of the best motor-bicycle insurance products. Important progress was also achieved in developing the categories of non-motor vehicle insurance. The initiative includes efforts to strengthen the ability of Adira Asuransi in the natural resource sector (energy and coal mining). New products and collaborations were launched last year, including the strategic partnership with CIGNA Life Insurance and cooperation with the credit card business to encourage the sales of insurance products and various synergy efforts with the other Danamon business units, including cooperation with the micro-banking unit and Adira Quantum. In the first quarter of 2011, Adira Asuransi generated a net income of Rp66.6 billion from total gross written premium of Rp290.4 billion as compared to Rp217 billion for the first quarter of 2010. Total assets grew by 26% from Rp1.7 trillion in the first quarter of 2010 to Rp2.1 trillion in the first quarter of 2011 followed with the increase in total investment at 21% from Rp1.5 trillion in the first quarter of 2010 to Rp1.8 trillion in the first quarter of 2011. The customers of Adira Asuransi also get unlimited services through Adira Care 500 456, call centre 24 hours and via 34 outlets across Indonesia. In 2010, Adira Asuransi call centre for the third time in a row was awarded “Call Centre Award” auto insurance categories from Marketing Magazine. The other awards in 2010, include “Top Brand Award” for auto insurance from Frontier and Marketing Magazine, “Best Brand” for motor-bicycle insurance from SWA Magazine, “Service Quality Gold Award” for auto insurance from Carre and Marketing Magazine, “Customer Loyalty Award” for auto insurance, “Second Best Indonesia’s Most Admired Company (IMAC)” from Business Week Magazine and Frontier, “Insurance Golden Trophy” to be the General Insurance Company with a “very good” rating for 5 consecutive years from Info Bank Magazine, “Best Insurance Company” for general insurance with assets above Rp1 trillion from Investor Magazine, “Second Best Islamic General Insurance” from Karim Business Consulting and achieved ISO Certificate 9001:2008 for national scale. In order to encourage a faster level of service, the IT core system has been renewed with the capacity and a higher security. The efforts had successfully improved the business performance of Adira Asuransi. All of these initiatives were supported by the Application of “CARE” Core System. This application includes all operations such as production of policy claims handling collection and payment, etc. Another application which was being developed was an application to support the core application connected to the call centre text message and integrated agency system. Adira Asuransi has been trusted to serve close to 5 million active policies handled by thousands of its agents. Its excellence is evidenced by its ISO certification at the national level since 2007 and the various awards from reputable institutions in the country in the categories of company performance, brand, service, syariah, and others for 2004 up to the first quarter of 2011.
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6.
Loans Granted The following table lists loans granted based on their maturity as of 31 March 2011 and 31 December 2010, 2009, 2008, 2007 and 2006: (in millions of Rupiah)
Maturity
31 March 2011
31 December %
2010
%
2009
%
2008
%
2007
%
2006
%
<1 month
5,860,220
7.44
3,823,839
5.05
3,268,855
5.40
5,180,781
7.97
2,754,869
5.37
1,847,217
4.49
1–3 months
9,538,263
12.10
3,787,982
5.00
2,273,576
3.75
4,150,856
6.39
2,609,344
5.08
3,081,912
7.49
3–6 months
9,368,901
11.89
2,215,087
2.92
1,544,383
2.55
1,656,517
2.55
2,708,304
5.28
1,947,199
4.73
6–12 months
12,566,484
15.95
775,465
1.02
919,280
1.52
1,028,640
1.58
1,125,277
2.19
1,065,887
2.59
>12 months
41,466,494
52.62 65,171,149
82.08 33,222,578
80.70
86.01 52,573,181
86.78 52,966,328
81.51 42,139,258
Total loans — gross 78,800,362 100.00 75,773,522 100.00 60,579,275 100.00 64,983,122 100.00 51,337,052 100.00 41,164,793 100.00 Allowance for loss
(2,423,805)
Deferred Income Total loans — net
*
(2,505,197)
—
—
76,376,557
73,268,325
(2,211,621)
3.65
(84)
(1,572,564)
2.42
(84)
58,367,570
(1,478,641)
2.88
(118)
63,410,474
(1,413,329)
3.43
(4,820)
49,858,293
39,746,644
Unaudited
The following table presents the composition of loans granted, according to the use of the loans, as of 31 March 2011 and 31 December 2010, 2009, 2008, 2007 and 2006: (in millions of Rupiah) Maturity
31 March 2011
31 December %
2010
%
2009
%
2008
%
2007
%
2006
%
Consumer
31,743,319
40.28 29,950,421
39.53 21,672,171
35.78 21,959,346
33.79 17,862,605
34.80 14,983,440
36.40
Working Capital
32,105,639
40.74 32,127,185
42.40 26,388,838
43.56 30,473,378
46.89 23,986,088
46.72 19,038,334
46.25
Investment
14,054,369
17.84 12,529,529
16.54 11,803,234
19.48 10,798,760
Export Loaned to board of directors and employees
16.62
8,247,177
16.07
6,006,206
14.59
883,821
1.12
1,155,477
1.52
710,364
1.17
1,738,915
2.68
1,234,162
2.40
1,128,329
2.74
13,214
0.02
10,910
0.01
4,668
0.01
12,723
0.02
7,020
0.01
8,484
0.02
Total loans — gross 78,800,362 100.00 75,773,522 100.00 60,579,275 100.00 64,983,122 100.00 51,337,052 100.00 41,164,793 100.00 Allowance for loss
(2,423,805)
Deferred Income Total loans — net
(2,505,197)
—
—
76,376,557
73,268,325
(2,211,621)
3.65
(84)
(1,572,564)
2.42
(84)
58,367,570
(1,478,641)
2.88
(118)
63,410,474
(1,413,329)
3.43
(4,820)
49,858,293
39,746,644
A large portion of the Company’s loan portfolio is concentrated in consumer and working capital loans. The channelling of loans denominated in Rupiah still dominates the Company’s loans. The following table shows the channelling of loans granted in Rupiah denomination and foreign currencies as of 31 March 2011 and 31 December 2010, 2009, 2008, 2007 and 2006: (in millions of Rupiah) Maturity
31 March 2011
Rupiah Foreign currencies
31 December %
71,664,718 7,135,644
2010
%
90.94 69,014,286 9.06
6,759,236
2009
91.08 54,926,334 8.92
5,652,941
%
2008
90.67 55,985,655 9.33
8,997,467
%
2007
%
2006
%
86.15 44,260,389
86.22 36,857,162
89.54
13.85
13.78
10.46
7,076,663
4,307,631
Total loans — gross 78,800,362 100.00 75,773,522 100.00 60,579,275 100.00 64,983,122 100.00 51,337,052 100.00 41,164,793 100.00 Allowance for loss Deferred Income Total loans — net
*
(2,423,805)
(2,505,197)
—
—
76,376,557
76,376,557
(2,211,621) (84) 58,367,570
Unaudited
140
3.65
(1,572,564 (84) 63,410,474
2.42
(1,478,641) (118) 49,858,293
2.88
(1,413,329) (4.820) 39,746,644
3.43
The loans granted comprise the main component of the Company’s earning assets. Therefore, the Company remains guided by principle of prudence in channelling its loans. The following table demonstrates how the channelling of loans to the Company’s related parties is maintained at the lowest possible level. (in millions of Rupiah) Maturity
31 March 2011
Third party Related party Total loans — net
76,363,343 13,214
31 December %
2010
99.98 73,257,415 0.02
10,910
%
2009
99.99 58,362,902 0.01
4,668
%
2008
%
99.99 63,397,880 0.01
2007
99.98 49,850,621
12,594
0.02
7,672
%
2006
99.98 39,687,444 0.02
59,200
% 99.85 0.15
76,376,557 100.00 73,268,325 100.00 58,367,570 100.00 63,410,474 100.00 49,858,293 100.00 39,746,644 100.00
FUND CHANNELLING CHART The following chart describes the Company’s procedure for channelling funds: Credit Approval Process
Marketing Customer contact and check customer application form Application form Others credit document
Pre screen Check Black List BI & Internal Black List
Black list ?
Yes
Reject
No
Credit factory
Check CAC and CSC* Document**
Credit Committee
Yes
Agree?
Credit analysis and approval Credit analysis memorandum
Send to loan operation to set up facility and disbursement
No
Reject
*
CAC (Credit Acceptance Criteria) and CSC (Customer Selection Criteria) examples, customer rating, collateral allowed, business age, onset, finance condition, 5 C, etc.
**
Document examples: application form, survey result (business, collateral appraisal, etc.)
141
The governance framework related to the credit approval process in Danamon has been made in accordance with the best practices in the industry and Bank Indonesia’s regulations. One of the Company’s main objectives in its governance model is to ensure that credit approval is granted in a timely manner by an experienced manager in accordance with the Company’s risk policy. Danamon’s Board of Commissioners has delegated the authority over credit to the Board of Directors, which in turn, has established a credit committee in various business divisions and in the head office. These committees will grant approval to credit facilities subject to the limit delegated to them and pursuant to the Company’s risk credit management policy. The members of the committees are senior experienced managers from the Commercial/Business and Risk division. Independence of the risk function in a line of business is a basic principle in the Company’s governance model; the credit manager in a line of business is accountable to and will report directly to the Credit Director. Large credit facilities and all programs of retail credit are approved by the Credit Committee in the Head Office, headed by the CEO and co-chaired by the Director of Risk Management/Integrated Risk Director. This is to ensure that any risk assumed by the Company follows after a balancing of the risks and rewards attributed to all loans and credit businesses. 7.
Funding Current Account and Savings Account products (CASA), which are available in Rupiah and foreign currencies, are low interest funding products that enable the Company to obtain low funding fees. To increase savings, the Company holds a lucky draw (Danamon Terkabul) programme which rewards customers. The Company can use information from the customers who participate in the programme to provide products and services that are suitable to their needs. As of 31 March 2011, the Company’s total third party funds amounted to Rp80,685,103 million, representing an increase of Rp1,042,300 million from 31 December 2010. The following table shows third party funds, which the Company managed to collect as at three months period ended 31 March 2011 and year ended 31 December 2010, 2009, 2008, 2007 and 2006: (in millions of Rupiah)
Maturity
31 March 2011
31 December %
2010
%
2009
%
2008
%
2007
%
2006
%
Current Account (a) Rupiah
5,445,522
6.75
6,776,693
8.51
4,675,015
6.95
4,678,786
6.33
3,923,019
6.79
3,396.069
6,27
(b) Foreign currencies
3,138,698
3.89
3,285,810
4.13
2,183,230
3.25
2,215,236
2.99
2,671,697
4.62
1,812,071
3.34
16.14 11,395,097
19.71
9,712,196
17.92
—
—
—
Savings Account (a) Rupiah (b) Foreign currencies
18,358,729 2,579,514
22.75 19,036,920 3.20
2,360,599
23.90 13,799,820 2.96
1,564,348
20.53 11,937,669 2.33
909,724
1.23
—
Time Deposit (a) Rupiah (b) Foreign currencies Total
48,033,169 3,129,471
59.53 45,149,018 3.88
3,033,763
56.69 40,727,826 3.81
4,265,989
60.59 47,051,397 6.35
7,176,266
63.61 32,423,313 9.70
7,390,739
56.09 32,701,939
60.34
12.79
12.13
6,571,981
80,685,103 100.00 79,642,803 100.00 67,216,228 100.00 73,969,078 100.00 57,803,865 100.00 54,194,256 100.00
142
(in millions of Rupiah) Maturity
31 March 2011
<1 month
10,965,607
31 December %
2010
%
2009
%
2008
2007
%
%
13.59 13,069,387
16.41 13,560,123
11.25
8,021,608
10.07
4,590,183
3–6 months
9,916,890
12.29 11,278,711
14.16
7,866,626
6–12 months
50,724,085
62.87 47,273,097
59.36 41,199,296
>12 months
80,685,103 100.00 79,642,803 100.00 67,216,228 100.00 73,969,078 100.00 57,803,865 100.00 54,194,256 100.00
6.83
4,969,407
11.70
7,380,483
61.29 46,702,860
20.17 10,268,737
2006
9,078,521
1–3 months
20.17 14,916,328
%
17.76 15,102,617
27.87
6.72
6,069,131
10.50
5,739,889
10.59
9.98
8,405,189
14.54
4,675,390
8.63
57.19 28,676,360
52.91
63.14 33,060,808
The Company will continue to endorse the CASA strategy to provide new products based on the suitability of those products to customers’ needs. A wide range of programs such as cross-selling are implemented to support this strategy. With respect to current accounts, the Company will continue to seek the appropriate opportunities to offer special packages in current account products, such as the management of cash in a current account. 8.
Sound Banking Principles Each year, Bank Indonesia assesses the soundness of banks in Indonesia to ensure that a bank is managed prudently and in accordance with Bank Indonesia’s regulations. Bank Indonesia uses the results of such assessment to carry out its function as the banking regulator and supervisor in Indonesia. The assessment is conducted using quantitative and qualitative factors on various aspects, which affect the condition and development of banks in terms of capital, asset quality, management, earnings and liquidity. The assessment also considers whether there is any violation of regulations which will affect the assessment result, for example, a violation of the Legal Lending Limit (LLL) and Net Open Position (NOP). (a)
Capital Adequacy Ratio (CAR) Capital Adequacy Ratio (CAR) is one of the criteria used to calculate a bank’s level of soundness. To maintain the capital adequacy ratio, Bank Indonesia requires commercial banks to have a minimum capital of 8.00% of weighted assets, according to the risks based on the Regulation of Bank Indonesia No.10/15/PBI/2008 dated 24 September 2008 on the Bank’s Capital Adequacy Ratio. The Company’s capital adequacy ratio as of 31 March 2011 and 31 December 2010, 2009, 2008, 2007 and 2006 is presented in the table below. (in%) The Company’s CAR including credit and operational risks*
The Company’s CAR including credit, market and operational risks*
Bank Indonesia’ regulation on CAR
31 March 2011
12.14
12.05
8.00
31 December 2010
13.33
13.25
8.00
31 December 2009
17.72
17.55
8.00
31 December 2008
13.99
13.37
8.00
31 December 2007
20.57
19.27
8.00
31 December 2006
22.37
20.39
8.00
Date
*
Operational risks are calculated only for the purpose of computing CAR as at 2010
143
(b)
Asset Quality The quality of assets is based on the following ratios: (in%)
Ratio of non-performing earning assets
Ratio of allowance for possible losses on earning assets to minimum required allowance
31 March 2011
2.60
101.27
31 December 2010
3.26
118.73
31 December 2009
3.91
136.29
31 December 2008
1.73
150.08
31 December 2007
1.40
114.48
31 December 2006
1.81
107.66
Date
(in%)
NPL (gross)
NPL (net)
Maximum Minimum Requirement for NPL (gross) from Bank Indonesia
31 March 2011
3.30
0.22
5.00
31 December 2010
3.25
0.00
5.00
31 December 2009
4.64
0.00
5.00
31 December 2008
2.36
1.18
5.00
31 December 2007
2.26
0.68
5.00
31 December 2006
3.31
1.16
5.00
Date
Asset quality (productive assets quality) is a measurement of earning asset potential. The ratio of allowance for possible losses on earning assets (PPAP) to minimum required allowance (PPAP wajib dibentuk) is always above 100%; hence, it is safe for the Company to anticipate losses on non-performing earning assets. Given this result, the assessment of asset quality is sound. (c)
Management The assessment of management performance is based on questionnaires with 40% of the questions on general management and 60% of the questions on risk management pursuant to BI regulations. Based on the answers obtained from the questionnaires, Bank Indonesia’s assessment is that management performance is sound.
(d)
Earnings Earnings indicate the capability of the Company and its Subsidiaries to earn profits. Profitability is assessed based on the following ratios: (in%) Period/Year Ending on:
ROA
ROE*
NIM
BOPO
31 March 2011
3.08
17.59
7.94
76.72
31 December 2010
3.34
18.52
8.97
74.93
144
(in%) Period/Year Ending on:
ROA
ROE*
NIM
BOPO
31 December 2009*
1.78
11.23
7.81
86.46
31 December 2008
2.01
14.64
8.15
85.77
31 December 2007
3.81
22.91
8.30
74.19
31 December 2006
2.40
15.63
7.22
80.33
*
Return on average core capital
The above ratios indicate that the earnings of the Company are sound. (e)
Liquidity Liquidity is the ability of the Company to fulfil its liabilities at any time through the management of deposits and other liabilities to be made as earning assets. One of the measurements of liquidity is LDR (loan to deposit ratio). The following table indicates the LDR ratio as at 31 March 2011, 31 December 2010, 2009, 2008, 2007 and 2006: (in%) Date
Loan to Deposit Ratio
31 March 2011
94.86
31 December 2010
93.82
31 December 2009
88.76
31 December 2008
86.42
31 December 2007
88.05
31 December 2006
75.51
LDR keeps increasing from year to year, reflecting a continuous improvement in the management of third party funds (deposits) used for loans and a view to increasing the Company’s profits and to avoiding idle funds. (f)
Statutory Reserve Requirement (“GWM”) The development of the Company’s GWM ratio is as follows: (in%) Date
31 March 2011 31 December 2010
Rupiah GWM
United States Dollar GWM
Company
BI Regulation
Company
BI Regulation
17.50
10.50(1)
5.05
5.00
17.82
10.50
(1)
1.14
1.00
7.50
(2)
11.79
3.00
31 December 2009
20.70
31 December 2008
5.07
5.00
1.06
3.00
31 December 2007
8.29
8.00
3.04
3.00
31 December 2006
8.14
8.00
3.03
3.00
145
(1)
Comprising primary GWM of 5% and secondary GWM of 2.5%
(2)
Comprising primary GWM of 5% and secondary GWM of 2.5%
The Company has complied with Bank Indonesia requirements regarding the Statutory Reserve Requirement. On 31 March 2011 and 31 December 2010, the calculation of the GWM ratio was based on PBI No. 12/9/PBI/2010 dated 4 October 2010 as amended with PBI No. 13/10/PBI/2011 dated 9 February 2011. On 31 December 2009 and 2008, the calculation of the GWM ratio was based on PBI No. 10/25/PBI/2008 dated 23 October 2008. On 31 December 2007 and 2006, the calculation of GWM ratio was based on Bank Indonesia’s Regulation No. 7/29/PBI/2005 dated 6 September 2005. (g)
Legal Lending Limit — LLL (Batas Maksimum Pemberian Kredit) The Company’s LLL ratios as of 31 March 2011 and 31 December 2010, 2009, 2008, 2007, and 2006 are presented in the table below: (in%) Remarks
31 March
31 December
2011
2010
2009
2008
2007
2006
10
10
10
10
10
10
2.32
2.49
1.81
1.59
0.71
9.09
Excess of LLL
—
—
—
—
—
—
Violation of LLL
—
—
—
—
—
—
25
25
25
25
25
25
7.87
3.51
4.01
4.88
3.74
3.50
Excess of LLL
—
—
—
—
—
—
Violation of LLL
—
—
—
—
—
—
20
20
20
20
20
20
3.00
2.16
2.54
5.21
7.37
6.60
Excess of LLL
—
—
—
—
—
—
Violation of LLL
—
—
—
—
—
—
Related Parties LLL Highest amount of fund provision
Third Party (one group of borrowers) LLL Highest amount of credit provision
Third Party (one borrower) LLL Highest amount of credit provision
LLL is the percentage of the maximum permitted provision of funds to a party or a group of obligors in proportion to a bank’s capital. Bank Indonesia Regulation on LLL set forth in Bank Indonesia Regulation No. 7/3/PBI/2005 as amended by Bank Indonesia Regulation No. 8/13/PBI/2006 dated 5 October 2006 provides that LLL to related parties of a bank is no more than 10% of its capital, in total. Subsequently, LLL to a single borrower not constituting a related party cannot be more than
146
20% of a bank’s capital; and LLL to a single group of borrowers not constituting a related party is cannot be more than 25% of a bank’s capital. The Company always seeks to maintain the LLL in accordance with Bank Indonesia regulations. However, due to the issuance of Bank Indonesia Regulation No.7/3/PBI/2005, there has been an excess of LLL to related parties. Such Regulation stipulates that the maximum permitted provision of funds to a group of borrowers not constituting a related party cannot be more than 10% of a bank’s capital. On 20 April 2005, the Company conveyed its follow-up plan to settle any excess. In accordance with the provisions of Bank Indonesia, the time frame for the settlement of this excess which is caused by changes in the regulation is 18 months following the date of submission of the follow-up plan report. The excess of LLL was settled completely in September 2006. As of 31 December 2006, there was no excess of LLL for related parties and unrelated parties. As of 31 December 2007, the Company applied Bank Indonesia Regulation No.8/6/PBI/ 2006 concerning the implementation of consolidated risk management for banks performing control on subsidiaries in the calculation of the Company’s LLL. (h)
Net Open Position — “NOP” (Posisi Devisa Netto) Pursuant to Bank Indonesia Regulation No. 5/13/PBI/2003 dated 17 July 2003, as amended by Bank Indonesia Regulation No. 6/20/PBI/2004 dated 15 July 2004, Bank Indonesia Regulation No. 7/37/PBI/2005 dated 30 September 2005 and most recently by Bank Indonesia Regulation No. 12/10/PBI/2010 dated 1 July 2010, banks are obligated to maintain their net open position at a maximum of 20% of their capital, in total. According to Bank Indonesia guidelines, the total net open position is the sum of the absolute value of the net differences between assets and liabilities in the balance sheet for each foreign currency and the net differences between claims and liabilities in the form of commitments or contingencies in administrative accounts for each foreign currency, which are all stated in Rupiah. Date
9.
Net Open Position (%)
31 March 2011
1.09
31 December 2010
0.55
31 December 2009
4.15
31 December 2008
7.83
31 December 2007
1.64
31 December 2006
1.79
Business Prospects The Company’s financial condition and results of operations will continue to be affected by global economic conditions, as well as by Indonesia’s economic conditions. Indonesian economic growth in the first quarter of 2011 increased by 6.5%, supported by the growth of household consumption, investment and export. 2011 economic growth is estimated to be approximately 6.4%, as compared to 6.1% in 2010. Based on the improving macroeconomic environment and banking indicators, the Indonesian banking sector is expected to perform strongly in the next few years.
147
The Company faces competition across all of its business segments primarily from other Indonesian banks, as well as from foreign banks operating in Indonesia. Competition in certain segments also exists from other types of financial services providers, including leasing companies, financing companies, credit cooperatives and pawnshops. Notwithstanding the existence of such competition, the Company is optimistic about its future business prospects due to the expected favourable economic environment, as well as its strong brand name, existing distribution network and market leadership in several segments of customers. Based on various banking indicators and also the continued improvement of macroeconomic conditions, the national banking industry is expected to grow going forward. Assuming conditions conducive to growth, the Company will have more opportunities to serve its main function as a financial intermediary and encourage the growth of real sectors in the country. Supported by conducive conditions, the Company as the sixth largest bank in terms of total assets would be able to increase loans to the customers from various industrial sectors and business segments. The improving economy would provide an opportunity for the Company to enhance services and product development according to customers’ needs The Company is optimistic about its future business prospects although it faces both direct and indirect competition from national banks, foreign banks, joint venture banks, as well as other financing institutions such as leasing companies, cooperatives, pawnshops, etc. By having a broad and loyal customer base in all segments, large branch networks with various banking products and quality banking services, the Company believes it will continue to succeed in the finance industry. 10. Competition The Company faces competition across all of its business segments, primarily from other Indonesian big banks, as well as from foreign banks operating in Indonesia. In addition, the Company faces indirect competition from other types of financial services providers, including leasing companies, financing companies and cooperatives. The Company also faces competition from companies related to the government which provide fund-raising financing and export/import services. In addition, limitations for foreign ownership in banks and for foreign banks to open branch offices in Indonesia have been revoked. Competition with newcomer and old foreign banks which may be in the form of joint ventures or investments in Indonesian banks, could have an adverse effect on the operations and financial condition of the Company. In line with the sustainable development and reform of Indonesia’s financial sector, the Company anticipates increased competition from financial institutions capable of offering a wider array of commercial banking services and products or having higher lending limits or stronger balance sheets. Many of these financial institutions will compete for substantially similar customers as the Company, and many of these banks will also have ties to the Government or large business groups with significant financial resources. Moreover, a number of competitors have emerged and showed serious interest in micro banking (mass market), which is one of the Company’s strengths. On 31 March 2011, based on unconsolidated financial information on Indonesian commercial banks, the Company ranked sixth in terms of deposits from customers and total assets among all commercial banks in Indonesia and ranked the third among national private banks. The fund absorption of the Company is still focused on deposits where it produced funds of about Rp51.2 trillion.
148
The following table indicates deposits and related market shares based on an unconsolidated report as of 31 March 2011, the information of which has not been audited: (in trillions of Rupiah, excluding percentages) Bank
Comparative Market Share of Deposits as at 31 March 2011 Current Market Saving Market Time Market Accounts Share Accounts Share Deposits Share
Mandiri
70.7
13.1%
132.1
18.3%
153.9
14.10%
BRI
45.0
8.3%
118.8
16.4%
135.0
12.4%
BCA
65.7
12.1%
145.6
20.2%
64.5
5.9%
BNI
49.3
9.1%
63.3
8.8%
76.0
7.0%
CIMB
27.0
5.8%
20.8
3.4%
58.5
6.1%
8.6
1.6%
20.9
2.9%
51.2
4.7%
Panin
15.7
2.9%
26.5
3.7%
36.6
3.4%
BII
10.6
2.0%
14.1
1.9%
35.6
3.3%
Permata
13.6
2.5%
12.7
1.8%
38.0
3.5%
262.0
46.12%
189.0
25.40%
497.0
43.37%
Danamon
Other Banks Source:
Published Financial Statements of individual banks
The following table indicates the gross loans and total assets as well as information on related market shares for Indonesian commercial banks based on an unconsolidated report as of 31 March 2011, the information of which has not been audited. The Company has total outstanding loans of Rp85.9 trillion and total assets of Rp122.8 trillion. This table shows that the Company is well-positioned among commercial banks in Indonesia. (in trillions of Rupiah excluding percentages) Bank
Comparative Market Share of Loans and Total Assets — 31 March 2011 Outstanding Loans
Market Share
Total Assets
Market Share
Bank BRI
252.4
13.9%
376.1
12.8%
Bank Mandiri
254.0
14.0%
466.1
15.9%
Bank BCA
153.3
8.4%
326.5
11.1%
Bank BNI
139.5
7.7%
244.3
8.3%
Bank CIMB Niaga
105.0
5.5%
149.1
4.8%
Bank Danamon
85.9
4.7%
122.8
4.2%
Bank Panin
64.1
3.5%
113.0
3.8%
Bank BII
58.9
3.2%
77.4
2.6%
Bank Permata
54.9
3.0%
79.6
2.7%
752.0
39.2%
1131.0
36.7%
Other banks in Indonesia Source:
Published Financial Statements of individual banks
The following table indicates the net interest margin (NIM), return on equity (ROE), capital adequacy ratio (CAR), loan to deposit ratio (LDR) and the ratio of total non-performing loan to total loans (“NPL ratio”) for Indonesian commercial banks as of 31 March 2011.
149
(in%) Bank
Comparative Financial Ratios — 31 March 2011 NIM
ROE
CAR
LDR
NPL
Bank Danamon
7.9
17.6
12.1
94.9
3.3
Bank BRI
9.7
37.7
15.6
85.7
3.1
Bank CIMB
5.5
23.4
14.4
89.2
2.8
Bank BNI
5.7
16.9
18.4
73.3
4.7
Bank BII
5.5
8.6
12.0
85.4
2.6
Bank Permata
5.2
19.5
14.1
83.9
2.6
Bank BCA
5.4
26.2
14.8
54.4
0.7
Bank NISP
5.1
10.3
16.6
83.6
1.9
Bank Panin
4.0
9.3
16.5
75.4
4.3
Bank Mandiri
5.1
36.7
18.5
67.9
2.4
Source:
Published Financial Statements of individual banks
Banks in Indonesia competed with each other to keep growing and increasing its market segments which is in line with the improvement of the operational condition in Indonesia and the increase of public income. The Competition not only comes from the local banks, but also from the foreign banks and capital markets where the capital in-flow keeps growing. As as a result of such conditions, the competition is getting tougher and NIM of industry tends to decrease. To deal with this situation, the Company as one of the biggest bank in Indonesia continues to increase its performance. Without prejudice to the prudential principle, the Company continues to grow by expanding the range and increasing brand awareness. Service improvement and product development are conducted carefully in accordance with the developing of the customer’s necessity and demand. The Company also concerns in developing human resources by increasing the knowledge and productivity of its employees. Until June 2011, the Company records the increase of loans in the amount of 31% and third party funds in the amount of 23%. This increase is far above the industry averages which reflects the ability of the Company to strengthen its position toward the banking competition condition in Indonesia. In dealing with the competition in future, the Company is optimistic to improve its competitiveness and to grow by pay the attention to balance of the profit and risk level. 11.
Risk Management The philosophy of the Company’s risk management is to establish the correct balance between risk and benefit which results in the long term continued growth of shareholding value. The Company applies a holistic approach toward the eight risk categories as defined by Bank Indonesia, namely credit, market, liquidity, operational, strategic, reputation, legal and compliance. In accordance with Bank Indonesia regulation on risk management on subsidiaries, the Company has put in place a senior risk officer in most Subsidiaries to ensure comprehensive risk management. The Company’s risk management organization involves supervision from the Board of Commissioners, Board of Directors and the Risk Monitoring Committee. The Risk Monitoring Committee is the highest risk committee at the level of Board of Commissioners. This committee approves policies on risk management framework in the Company and Subsidiaries, and supervises the implementation of such policies throughout the organization. This committee has authorized the President Director, the Board of Directors and Integrated Risk Director to 150
implement its function in managing risks. This committee meets once a month to analyse the performance of the credit portfolio and to discuss risk related matters. The Risk Management Committee is established at the Directors level and is responsible to manage risk throughout the Company and the Subsidiaries. This committee monitors the strategy for managing risks and the development of policies and evaluating the strategy for risk management policies annually. This committee also functions as the main forum where the Company ensures that all Company’s and Subsidiary’s business activity has complied with the risk management policies. The Risk Management Committee comprises all members of the Board of Directors and senior management. This committee is headed by the Integrated Risk director and meets once a month. The risk management policy of the Company is set to identify and analyse risks faces by the Company, to set the risk limit and appropriate management, also to supervise risks and compliance to the set limit. Risk management policy and system is reviewed periodically to reflect changes in market condition, products and services offered. The Company, through training and standard and management procedure, is aimed to develop a compliance and constructive management environment, where all employees understand their role and obligations. For the purpose of implementing consolidated risk management in accordance with BASEL II recommendation, the Company has established an Integrated Risk Working Group which covers credit risk, market risk and liquidity and operational risks. The Integrated Risk Working Group is a centralized function and independent, separated from every line of risk taking unit. This working group approves risk management policies and the limit for every line of business, also to determine an umbrella policy and procedure. The Risk Integrated Working Group oversees risk strategy and policies to all related business units and ensures the creation of strong risk culture and risk awareness throughout the organization of the Company and Subsidiaries. Several initiatives have been implemented in 2010 among others the implementation of provision calculation method in accordance with SFAS 50/55 and the formation of the Fraud, Quality Assurance and Collection Unit. Credit Risk Credit risk is a risk of financial loss arising due to the failure of a borrower or counter-party to fulfil its obligations. Credit risks arise because the debtor is relying on future cashflows to repay debt. Investors receive compensation for credit risk from the payment of interest rate from debtors or issuers of debt obligation. Credit risk is managed through established policies and procedures covering credit acceptance criteria, origination, approval, pricing, monitoring, non-performing loans management and portfolio management. The Company also carefully monitors the development of the Company’s credit portfolio, including that of the Subsidiaries to allow an initiation of timely preventive measures in the event of any credit quality deterioration. Going forward, the Company would continue reviewing and if necessary improving the credit risk management process and methodology, including the improvement in main credit policies and product programme structure. In 2010, the Company implemented calculation for impairment losses in accordance with SFAS 50/55 where the impairment losses applied where there is objective evidence that an adverse event occurred as a result of one or more events which occurred after the initial recognition of the relevant credit, and the adverse event affected the estimated future cash flow over financial assets or group of financial assets. The decrease of credits and receivables is calculated as the difference between the carrying amount and the present value of the estimated future cash flow 151
discounted with the initial effective interest rate of such asset. If the carrying amount is less than the discounted cash, there will be no further reserve required. Decrease is calculated individually over significant assets and collectively over the portfolio of assets as a whole using the appropriate statistic technique. The Risk Management function is established in line with International Best Practice which covers all businesses and activities and allows substantial growth. Each line of businesses (LOB) has a risk management working unit. The Integrated Risk Group in the head office of the Company undertakes the independent monitoring function. This monitoring function is done by Senior Credit Officers which covers risk wholesale and retail/mass market. The National Fraud, Quality Assurance and Collection unit was created in the III quarter of 2010, where fraud focuses on strengthening organizational platform and supporting system to support the implementation of a strong fraud management. Quality Assurance (QA) focuses on the improvement in a bank wide working framework and QA methodology and the approach to strengthen internal monitoring of the Company, and Collection focuses in the harmonious collection policy and its measurement bank wide, also to continue the improve in process and strategy. Comprehensive Management Information Systems are available to detect any adverse developments at an early stage, allowing timely measures to counteract any potential deterioration in credit quality and minimize credit losses. The Company has developed a credit risk rating system for corporate and commercial business segments in the context of improving the portfolio management. Market Risk Market risk is risk for losses which arise as a result of movement in market factors that impact the Company’s portfolio. Market factors are interest rate and exchange rate. Market risk exists in the Company’s functional activities and treasury activities, including position placement in the form of commercial paper and money market including participation in other financial institutions, provision of fund (loan and other similar form), and funding activities and issuance of bond and trading finance activities. The purpose of market risk management is to control and manage the exposure of market risk within the acceptable parameter, and also to maximize return rate over risk. Market risk is managed through comprehensive policies and limited framework to measure, monitor and control risks value based on the Company’s risk appetite. The limit of market risk is allocated bank wide monitored and reported on a daily basis by the Market and Liquidity Risk division. Management Action Triggers (MAT) assists the management when there is a high level of risk. The Asset and Liability Committee (ALCO) has the role of the highest senior management forum for determining policies and decisions related to market risk management and liquidity. The Market and Liquidity Risk Division is responsible for identifying measurement, monitoring and management of market risk in the Company based on the framework approved by ALCO. In total, market risk is divided into two parts as follow: (a)
Currency risk Currency Risk arises from balance sheet position, commitment and contingency (off balance sheet) from asset side also from the obligations arise from foreign exchange transaction. The Company measures currency rate to foresee the impact of exchange rate to the Company’s capital and income. To manage and to mitigate currency risk, standard limit is set 152
at 20% in accordance with the regulatory limit. For net open position, the Company has applied sensitivity and limitation of VAR to increase control against currency risk including internal position limit. (b)
Interest rate risk Interest rate risk refers to the potential losses which arise from the fluctuation of market interest rate which is contradictory with the Company’s position or transaction where interest rate risk exists. The Company manages interest rate risk by using sensitivity approach and re-pricing gap analysis, simulation with fluctuating interest rate scenario (increase/decrease). To increase the management of interest rate risk, the Company also applied Earning-at-Risk (EAR) and Economic Value to Equity (EVE) to complete in risk measurement. Both would provide estimation to the impact of interest rate fluctuation against Company’s income and capital. Trading book remains maintained by controlling the position, sensitivity and VAR value. Limit is set by using this measurement to control interest rate exposure.
Liquidity Risk Liquidity risk is a risk arising due to the failure of the Company to fulfil due liabilities and cover its market position. Liquidity risk is the most crucial risk for any commercial bank and it must be managed on a continual basis. Asset and Liability Committee (ALCO), the highest forum of senior management, plays a role of monitoring the Company’s liquidity situation. ALCO is responsible for determining the policies and strategies related to the Company’s assets and liabilities in line with the prudential principles in risk management and the applicable regulations. ALCO approves limits, namely considering the Company’s structure of balance sheet positions in the long term, and approves liquidity assumptions and stress testing scenarios to be applied. The Company manages its risk liquidity by conducting analysis on the difference between the maturity of liquidity and liquidity ratios. Liquidity risks are measured and monitored on a daily basis based on the liquidity risk limit framework. This framework is used for the purpose of managing the Company’s liquidity situation under normal conditions (business-as-usual) and stress condition occurrences. A liquidity contingency plan has been prepared to support the Company in the event of any liquidity crisis. Liquidity gap analysis gives an ongoing view of any discrepancy between cash inflow and outflow. This condition is managed by treasury which has an access and direct authority to interbank, large-scale customers (institution) and other market professionals to support the Company’s business activities with regard to fund collection and loan extension. Operational Risk Operational Risk is defined as a risk of loss due to the inadequacy or failure of internal processes, including personnel negligence, system failure or external factors. In managing its operational risk, the Company uses an approach that sets the most efficient mitigation strategy to obtain the optimum balance between the operational risk exposure, effectiveness of control mechanism and level of risk acceptable to the Company by applying Operational Risk Management Framework in a consistent and comprehensive manner which is adjusted to the specific risk in the existing business process.
153
The Company develops operational risk awareness and culture at all levels and appoints operational risk management function in all relevant parties. The Board of Directors and Commissioners perform their supervisory function, while Operational Risk Management Division facilitates operational risk management practices. Every LoB and internal control unit are actively engaged in the application of ORM (Operational Risk Management) cycle from time to time. The Company’s Operational Risk Management Framework is implemented through an integrated cycle to ensure sufficient risk control and maximum application of operational risk cycle which consists of: •
Identification of operational risk inherent in all products, processes and systems used by the Company and its Subsidiaries by reviewing Policies, Procedures, Product Programme, etc.
•
Operational risk is measured on a quarterly basis by conducting a Risk Control Self Assessment (RCSA) in every work unit, including its Subsidiaries. RCSA is aimed at mapping risk exposure, measuring adequate control over risky key process. Corrective measures are taken to improve any weakness in control process. Measurement is also conducted by recording near misses and loss events in the daily operational activities from LoB (including those occurred in its Subsidiaries) into the database (Risk/Loss Event Database) in the ORMS application. This database provides an analysis of risk events based on the root of problem, potential event and the extent of consequence arising from such loss.
•
Operational risk is monitored on a regular basis by producing report on the result of measurement, including among others, reports on RCSA, RLED, risk profile, operational loss, loss due to fraud, penalty, etc.
•
Control over the process, product and system used includes taking a number of measures to ensure that the operational risk mitigation has been applied properly by, for example, issuing/revising Operational Policy and Procedure, setting transaction limit, etc.
This ORM cycle is supported by Operational Risk Management System (ORMS) application, an on-line and real-time operational risk management system in which all ORM components are integrated into an integrated description in a web-based instrument. The harmonization of operational risk management with control function and Internal Audit is conducted periodically to ensure effective layer control. Therefore, in order to minimize exposure to operational risk in the future and to improve the capacity to prevent illegal activities in an early phase, in 2010 a National Fraud Management as well as QA and Collection work unit were established under the Directorate of Integrated Risk. The Company has conducted an Internal Capital Adequacy Assessment Process (ICAAP) for operational risk by adopting Base Indicator Approach since January 2010, in line with Bank Indonesia schedule. Further measure which adopts a Standard Approach has been prepared also in accordance with Bank Indonesia schedule. In 2010, a revision was made to BCP process by improving the template of Business Analysis Impact (BIA), Risk Assessment (RA) and BCP Strategy as well as BCP drafting. The scope of critical unit in preparing BCP has also been expanded to include the units of its Subsidiary, namely Adira. In addition to that, the Crisis Management Plan has been revised to also include subsidiaries. This is a follow-up to recommendation on the result of assessment conducted by the Business Continuity Institute (BCI) of Singapore representative office on the Company’s Business Continuity Management programme.
154
Moreover, in 2010, many incidents, such as the riot in Tarakan, the eruption of Merapi volcano and other local incidents, for example, the flood which hit West Java, have been effectively handled by the functionality of the Regional Command Centre (RCC). As comparative study media and facility, in 2010 the Company also convened the second BCM Forum in which large-scale banks and institutions in Indonesia participated. This is considering that up to now, there are no comprehensive references available for applying Business Continuity Management (BCM) programme. Strategic and Reputation Risk Strategic risk management includes any risk attributable to inadequate strategy formulation and implementation, while reputational risk management addresses issues related to maintaining the trust of customers and the public. The above risks are managed by the Company through Strategic and Reputation Risk Coordination Committee chaired by the Operational Risk Management Head and including representatives from the Integrated Risk unit, the CFO (Chief Financial Officer), the Legal, Litigation and Compliance Divisions as well as from the Subsidiaries. The Committee oversees and monitors the strategic and reputation risks and reports them to the Board of Directors and the Risk Committee. Legal and Compliance Risk Legal risk arises from inadequate legal aspect, while compliance risk results from failure to adhere with applicable regulations and provisions in Indonesia. Legal risks are managed by the Company’s Legal Group, while compliance risks are managed by the Compliance Group. Key issues and findings pertaining to both risks are reported to the Board of Directors and the Risk Committee. BASEL II The Company actively cooperates with Bank Indonesia at each level of BASEL II, taking the opportunity to attend and participate in various consultative forums. The Company has formed a BASEL II Coordination Committee, involving key business Risk Managers, a CFO Office, the Information Technology and Compliance Divisions. The BASEL II Coordination Committee is assigned to implement all regulations issued by Bank Indonesia and to ensure full compliance with all BASEL II regulations. The Company’s current assessment shows that the Company has complied with the applicable guidelines relating to BASEL II imposed by Bank Indonesia. 12. Corporate Governance The Company’s Compliance Director is responsible for ensuring that the Company’s compliance functions are consistent with applicable laws and regulations, including Bank Indonesia regulations. The Compliance Division monitors the proper fulfilment of agreements and commitments made by the Company to relevant regulatory authorities. The Compliance Director submits a monthly report on the activities of the Company’s compliance function to the President Director, with a copy to the Board of Commissioners. The Compliance Director reports any crucial information concerning the Company’s compliance to the Risk Monitoring Committee on a monthly basis. The Company always seeks to achieve beyond mere
155
compliance with regulations by implementing best practices in all of its businesses. Each new product is reviewed by the Compliance Division to ensure that there is no violation of the applicable laws and regulations. The Company has a formal compliance policy manual approved by the Board of Directors. The Compliance Director is responsible for communicating all compliance policies, guidelines, systems and procedures to all relevant units and to all levels of organization. The Compliance Director is also responsible for creating and implementing an effective and integrated compliance system for the Company. The Company’s Compliance Monitoring Function extends to its Subsidiaries. The Finance, Accounting and Tax Division is responsible for monitoring the Company’s compliance with the capital adequacy requirements stipulated by Bank Indonesia (and for setting targets and policies related to the Company’s overall capital adequacy). The Company monitors the provision of loans to individual customers or group of customers so as to comply with the Legal Lending Limit (LLL) requirements imposed by Bank Indonesia. The Company adheres to all regulations on Anti Money Laundering and Terrorism Financing Prevention issued through laws, PPATK regulations and Bank Indonesia regulations. The Company ensures that all staff has attended the training on the “Know Your Customer” requirements as well as on Anti Money Laundering and Terrorism Financing Prevention. 13. Insurance The Company has insured its assets both in the form of immoveable and moveable assets which are of significant value to the Company for the performance of its business activities as well as cash in treasury, cash in ATMs, cash in transit and cash for operations to PT Asuransi Adira Dinamika, PT Asuransi Tugu Pratama Indonesia, PT Mega Insurance, PT Sedana Pasifik Servistama, PT Asuransi Sinarmas and an Insurance Company mediated by Marsh Ltd. The Company believes that it has had adequate insurance for all insurable risks which materially relate to the Company’s business activities. The aforementioned insurance companies are not affiliated with the Company, except PT Asuransi Adira Dinamika. There are no differences in the terms and conditions applicable to the insurance company affiliated with the company as compared to the terms and conditions for the non-affiliated insurance companies. Type of Insurance
Insured Object
Insured Amount
Insurer
Police Number
Office Building Insurance and all of the inventories (Property All Risk Insurance and Indonesian Standard Earthquake Policy)
Land and/or Building 12 at 12 Branch Offices SEMM, offices CMM and 498 conventional branches. 8 Syariah Offices
Rp5,575,500,000 Rp1,614,670,242,038.02 Rp134,732,240,000 Rp5,279,255,150.84
PT Asuransi Adira Dinamika
990111000380 990111000376 990110000365 990110000367 990110000354 990110000368 515111000902 515111000905
156
Validity 28 February 2012
Type of Insurance
Insured Object
Insured Amount
Insurer
Police Number
Validity
Money Insurance Syariah
Cash money, gold, Commercial Paper in building
PT Asuransi Adira Dinamika
51621100015
28 February 2012
Cash in ATM
Cash money in building, for all losses within the location in maximum amount of US$ 125,000 per incident
Cash money, gold, Commercial Paper in transit.
Cash money within ATM in maximum amount of US$10,000 per incident, Cash Money in transit in maximum amount of US$ 125,000, per incident Employee cheating in the amount of US$50,000/incident or maximum US$250,000/ year
Bankers Blanket Bond/ Electronic and Risk Computer Crime Insurance (Property All and Earthquake Insurance)
All Server
Aggregate in the amount of US$ 27,416,943,60
PT Asuransi Adira Dinamika
991110000353 991110000366
28 February 2012
Directors and Officers Liability Policy
Obligation of the Directors and Company Officers beyond the Company indemnity.
US$ 20,000,000 per loss US$ 20,000,000 per insurance period
PT Asuransi Tugu Pratama Indonesia
PUL0900234
30 October 2009 until 30 October 2010
Money Insurance
Building: 1. Building 1 Bank Indonesia Building; Jl.Ir.H.Juanda 28 Jakarta Pusat 2. Building 2 Jl. Sumatera No.47, Surabaya 3. Building 3 Jl. Gandeng Cantel UH II/330, Yogyakarta. Or that is still in travel wherever in Indonesia, except Aceh, Maluku, and Papua.
Cash money in transit
PT Asuransi Tugu
PUV 1000004
1 February 2012
Cash money in transit including foreign exchange in Company’s ATM in Jakarta, Bogor, Tangerang, Bekasi, Serang, Karawang, Makasar, and Medan.
For the delivery with vehicle maximum in the amount of Rp50,000,000,000/one delivery or maximum Rp98,500,000,000,000/ year
PT Mega Insurance
IP.01.03.11.000037
01 February 2011 until 01 February 2012
Perusahaan Asuransi mediated by Marsh Ltd.
QR001811/ QR011211/ QR012011/ QR002011
Cash in Transit
Cash money in building safe
For the delivery by using train/plane/ship in the amount of Rp5,000,000,000/one delivery or maximum Rp1,500,000,000,000/ year Cash Management Insurance
Cash, currency, coins, gold, silver, platinum, silverware, jewellery, fur materials, precious stones, bonds, signed or not, and similar products. For all risks and responsibility including static terrorism, and static terrorism liability.
GBP 100,000,000 for each losses GBP 54,000,000 for each incident and in every form of terrorism activity, and subject to permitted operation limit in each country,
157
31 December 2011
Type of Insurance
Insured Object
Insured Amount
Insurer
Police Number
Validity
Cash Management Insurance
Cash saved in:
money in the maximum amount of: Rp80,000,000,000
PT Tugu Pratama Indonesia
010/CN/III/2011
25 March 2012
Jl. Diponegoro No.77 Surabaya 60264, Jl. Gatot Subroto No. 336 Denpasar Bali Jl. Yos Sudarso No.86, Sunter, Jakarta Utara Jl. Sungai Saddang, Kel. Pisang Selatan, Kompleks Latanete Plaza Blok D No.11-12, Ujung Pandang Jl. Seri Asahan No.7/27, Kel. BatubaraKel. Merdeka, Kec Medan Baru, Medan, Sumatera Utara. Jl. Palasari no 21 lingkar selatan Bandung Jl. Raja Ali Haji Blok A 10–11 Batam Jl. Wolter Monginsidi Lampung Jl. Brigjen Sudianto Semarang Jl. Kasintu, Bogor Jl. Nusa Indah Raya No. 439, Jaka Setia, Taman Galaxy Bekasi
Rp80,000,000,000 Rp800,000,000,000
Rp500,000,000,000
Rp100,000,000,000
Rp100,000,000,000 Rp60,000,000,000 Rp100,000,000,000 Rp50,000,000,000 Rp80,000,00,000 Rp100,000,000,000
The Company believes it has adequate insurance for all insurable risk that is material and related to the business activity of the Company. All insurance companies as mentioned above are insurance companies that have no affiliated relationship with the Company, except PT Asuransi Adira Dinamika. 14. License, Franchise, Main Concession and Intellectual Property Right As at the issuance date of this Prospectus, the Company has 269 Marks all of which have obtained the Certificates of Protection over Marks and Copyright and 5 Copyrights over Logo and Songs, and all of such protection over mark and intellectual property are still valid. 15. Corporate Social Responsibility (“CSR”) Established by the Company as independent entity on 2006, Danamon Peduli Foundation (Yayasan Danamon Peduli (“YDP”) (www.danamonpeduli.or.id) is a foundation supporting sustainable development based on community needs and volunteerism. Through the establishment of YDP with separate budget and full time staffs, the Company manages its social activity better, in accordance with its vision of “Bringing prosperity to the millions”. In order to reach its vision effectively, YDP adopted the best international practices from non-profit organization in the world. The establishment of Trustee Board consists of individuals with recognized reputation and have concerns to the development of Indonesia. YDP also supports the transparent financial responsibility through the publication of its audited annual financial statement. The employees of the Company are the main asset of YDP as volunteers that interact with society. Through Danamon Cares programs, more than 53,000 employees from 2,300 branches of the Company and its subsidiaries are given the chance to become involved as members of society who care about their environment. In its programme, YDP is focused on two main programs. First, the market revitalization programme known as Programme Pasar Sehat, Hijau, Bersih, Terawat (PASAR SEJAHTERA) and “Danamon Go Green” programme that supports the revitalization of traditional markets by focusing on the enhanced maintenance of market conditions and integrated market waste management by converting organic waste into organic fertilizers. 158
Through Danamon Go Green programme and cooperation with the regional government, YDP has operated 31 integrated waste management units within or around traditional market. Those units converted market organic waste into fertilizers that help reduce the amount of waste about 30–40%. In 2010, the Company chose the five best performing units in Payakumbuh, Pekalongan, Sragen, and Probolinggo as testing locations from Pasar Sejahtera programme. In each market, the Company chose one trader area that consists of 80–120 market traders, where improvement of physical infrastructure is conducted to meet the national standard of healthy market. To assure the continuity and the concern of community, the Company also supports the creation of sense of belonging through various socialization and education attended by chosen cadres in each market. Even more, in each area, the Company conducting multi sector facility forum that involved various government bodies to develop the integrated market improvement programme and involving all sectors. This programme is launched in October 2010, and will continue in 2011 where the Company will facilitate the government and the other stakeholders to expand the scope of the programme. The second is the Disaster Quick Response Programme that purported to help the victims of natural disaster. The Company tries to be the first company that gives help in the disaster area. During 2010, the Company was continuously involved in giving help in 47 disaster locations such as earthquake, fire, flood, landslide, volcano eruption and other disasters that involved more than 600 volunteers of the Company. Total Company’s contribution reached IDR300 million for more than 31,000 aid recipients. In 2011, the Company will conduct training programs to the Company’s volunteers to increase their capacity analysis when the disaster comes. This is conducted to assure that when the disaster occurs, the volunteers could give more accurate help as need by the victim of disasters. The Company has also launched the Danamon Award. Since launched in 2006, Danamon Award has been aimed to identify and award the member of society that has struggled to increase the prosperity of the fellow society members. This programme invites the participation of individuals, groups, business or non-profit organizations that have shown the “Semangat Bisa” in line with the vision of the Company. The Company always pays attention to the importance of Banking Knowledge spreading to the customer and society, and the importance of giving protection to customer’s interest. Danamon Education Programme is implemented through various medium, including media publication, seminar with senior officer of Danamon as the speaker and the other speaker. During 2010, there were 30 education activities conducted in big cities attended by many participants. The Company also owns a customer call centre, Danamon Access Centre (DAC), which gives telephone access services in-bound and outbound also customer services for all Danamon Customers. Nationally launched in November 2001, DAC invites the customers to communicate information request or its complaint through phone, e-mail, letter or other media. Customer Services Unit in DAC will settle every question or complaint professionally based on the determined services standard.
159
IX.
SUMMARY OF SIGNIFICANT FINANCIAL DATA
The information contained in the following discussion, especially regarding the financial performance of the Company and Subsidiaries, is based on three-months ended 31 March 2011 and the years ended 31 December 2010, 2009, 2008, 2007 and 2006 as extracted from the Consolidated Financial Statements of the Company and Subsidiaries (“Consolidated Financial Statements”). The Consolidated Financial Statements as of 31 March 2011, 31 December 2010, 2009, 2008 and 2007 were audited by the Registered Public Accountants of Siddharta & Widjaja, previously the Registered Public Accountants of Siddharta Siddharta & Widjaja (a member firm of KPMG International), with unqualified opinion in each of the reports. The independent auditor’s report for the Consolidated Financial Statements as of 31 March 2011 includes an explanatory paragraph which states that the Company and Subsidiaries adopted certain Statements of Financial Accounting Standard (“SFAS”) that become effective as of 1 January 2011, which were applied prospectively as well as retrospectively and an explanation paragraph regarding the reissuance of the Consolidated Financial Report of the Company and its Subsidiaries as of and for three months ended on 31 March 2011, to adjust the presentation in accordance to capital market regulations, in relation to the Company plan to conduct Limited Public Offering V for the purpose of Rights Issue to the shareholders. The independent auditor’s report for the Consolidated Financial Statements as of 31 December 2010 includes an explanatory paragraph which states that effective 1 January 2010 the Company and Subsidiaries prospectively adopted Statements of Financial Accounting Standard (“SFAS”) No. 50 (2006 Revision), “Financial Instruments: Presentation and Disclosures” and SFAS No. 55 (2006 Revision), “Financial Instruments: Recognition and Measurement”. The independent auditor’s report for the Consolidated Financial Statements as of 31 December 2008 includes an explanatory paragraph regarding reissuance of the Consolidated Financial Statements of the Company and Subsidiaries as of and for the year ended 31 December 2008, in order to conform with the presentations as required by the capital market regulations, in relation with the Company’s plan for a Limited Public Offering IV to Shareholders in Relation to the Issuance of Rights Issue. The Consolidated Financial Statements as of 31 December 2006 were audited by the Registered Public Accountants of Haryanto Sahari & Rekan (a member firm of Pricewaterhouse Coopers), with unqualified opinion and include an explanatory paragraph regarding reissuance of the Consolidated Financial Statements of the Company and Subsidiaries as of and for the year ended 31 December 2006, in order to conform with the presentations as required by the capital market regulations, in relation with the Company’s plan for a Public Offering Bank Danamon Bonds I Year 2007 with Fixed Interest Rate. CONSOLIDATED STATEMENT OF FINANCIAL POSITION (in millions of Rupiah) 31 March
31 December
2011
2010*
2009*
2008*
2007*
2006*
Cash
1,328,346
1,985,338
2,117,368
4,161,520
1,237,518
832,583
Current accounts with Bank Indonesia
5,864,250
5,274,888
3,820,180
2,820,413
3,976,039
3,949,723
Current accounts with other banks — net
1,085,013
1,658,426
1,907,506
3,606,269
597,400
570,047
Placement with other banks and Bank Indonesia — net
10,417,692
9,257,137
4,189,435
3,488,786
4,959,485
4,986,250
5,758,610
5,323,969
4,431,548
4,137,089
4,110,753
6,012,055
—
—
—
—
40,124
—
ASSETS
Securities — net Securities purchased under resale agreements — net
160
(in millions of Rupiah) 31 March
31 December 2007*
2006*
1,751,416
332,111
110,047
58,367,570
63,410,474
49,858,293
39,746,644
6,663,061
2,654,674
1,876,712
1,949,227
1,782,402
76,703
62,017
28,856
22,283
32,354
26,913
885,805
759,124
1,109,287
856,599
677,674
613,057
5,612,754
6,138,340
11,010,829
13,083,338
15,807,971
18,702,292
Prepaid tax
81,741
—
—
—
—
—
Investment in shares — net
12,175
12,175
64,419
12,053
12,053
12,052
Intangible assets
1,540,943
1,576,096
1,534,668
515,958
512,476
417,419
Fixed assets — net
1,744,978
1,771,489
1,549,504
1,639,517
1,360,337
1,574,536
903,371
950,784
980,280
850,038
280,297
40,253
3,973,345
3,315,859
4,509,726
5,035,898
3,665,715
2,696,414
98,597,953 107,268,363
89,409,827
82,072,687
Derivative receivables — net Loans — net Consumer financing receivables — net Premium receivables — net Acceptance receivables — net Government bonds
Deferred tax assets. net Prepaid expenses and other assets — net TOTAL ASSETS
2011
2010*
2009*
206,038
189,545
322,103
76,376,557
73,268,325
6,935,814
122,804,135 118,206,573
2008*
*After being reclassified to conform its presentation with other periods/years
31 March
31 December
2011
2010*
2009*
2008*
2007*
2006*
80,685,103
79,642,803
67,216,228
73,969,078
57,803,865
54,194,256
Deposits from other banks
2,324,937
1,937,479
1,437,814
1,470,781
4,609,144
4,769,254
Securities sold under repurchase agreements
2,790,276
2,790,127
3,754,370
4,914,104
3,402,665
4,000,000
Deferred premium income
662,431
621,731
415,223
386,541
301,622
223,580
Unearned premium reserve
346,173
322,344
259,146
227,114
177,312
138,699
Acceptance payables
887,004
759,124
1,170,870
907,459
684,518
619,276
Bonds issued
6,302,358
6,300,464
2,050,855
2,234,043
2,666,025
1,193,890
Borrowings
4,200,020
2,481,832
2,393,561
2,543,620
1,510,124
1,028,329
96,689
183,020
192,041
362,840
184,687
167,039
Derivative payables
256,071
204,259
327,836
2,485,908
335,620
184,361
Deferred tax liabilities — net
348,535
302,802
218,984
213,278
191,233
139,267
Accruals and other liabilities
5,084,223
3,551,560
2,759,039
2,674,768
3,013,109
2,198,918
500,000
500,000
500,000
3,769,564
3,359,420
3,373,940
—
—
—
—
—
155,000
104,483,820
99,597,545
82,695,967
96,159,098
78,239,344
72,385,809
18,320,315
18,609,028
15,901,986
11,109,265
11,170,483
9,686,878
LIABILITIES AND EQUITY Deposits from customers
Taxes payable
Subordinated debts Loan capital Total liabilities Total equity
161
31 March 2011 TOTAL LIABILITIES AND EQUITY
31 December 2010*
122,804,135 118,206,573
2009*
2008*
98,597,953 107,268,363
2007*
2006*
89,409,827
82,072,687
* After being reclassified to conform its presentation with other periods/years
CONSOLIDATED STATEMENTS OF INCOME (in millions of Rupiah, except per share figures) 31 March 2011 Interest income Interest expenses Net interest income Net underwriting income Net interest and underwriting income Other operating income Other operating expenses Net operating income Non-operating (expenses)/ income — net Income before tax Income tax expenses
31 December 2010*
2009*
2008*
2007*
2006*
3,967,638 14,417,745 15,682,777 14,189,334 12,047,645 10,895,958 (1,359,063) (4,509,295) (6,220,816) (5,834,855) (4,912,113) (5,251,036) 2,608,575
9,908,450
9,461,961
8,354,479
7,135,532
5,644,922
94,923
373,000
296,002
245,080
171,321
141,724
2,703,498 10,281,450
9,757,963
8,599,559
7,306,853
5,786,646
2,882,959
2,560,220
2,381,839
1,467,621
889,768
3,583,835
(2,382,274) (9,235,221) (9,791,651) (8,412,171) (6,019,952) (4,701,431) 1,210,992 (151,114) 1,059,878
4,630,064 (628,533) 4,001,531
(271,051) (1,017,770)
2,849,271 (478,711) 2,370,560 (756,838)
2,747,608 (69,771) 2,677,837
3,668,740 (355,215) 3,313,525
(875,833) (1,043,549)
2,552,836 (449,595) 2,103,241 (652,328)
Net profit
788,827
2,983,761
1,613,722
1,802,004
2,269,976
1,450,913
Net Profit Attributable to: Equity Holders of the Parent Entity
762,661
2,883,468
1,532,533
1,530,022
2,116,915
1,325,332
26,166
100,293
81,189
271,982
153,061
125,581
90.60
342.92
186.36
303.70
423.27
268.91
Non-controlling Interest Net profit per share attributed to holding entity
* After being reclassified to conform its presentation with other periods/years
SELECTED RATIOS (in%) 31 March
31 December
2011
2010
2009
2008
2007
2006*
1. Net interest income
N/A
4.72
13.26
17.08
26.41
22.63
2. Net operating income
N/A
62.50
3.70
(25.11)
43.71
(22.06)
3. Net profit
N/A
84.90
(10.45)
(20.62)
56.45
(33.84)
4. Total assets
3.89
19.89
(8.08)
19.97
8.94
21.04
Growth Ratio(2)
162
(in%) 31 March 2011
31 December 2010
2009
2008
4.91
20.44
(14.00)
22.90
8.09
22.60
(1.55)
17.02
43.14
(0.55)
15.32
9.93
1. Capital Adequacy Ratio (CAR) with credit risk and operational risks
12.14
13.33
17.72
13.99
20.57
22.37
2. CAR with credit risk, market risk and operational risks
12.05
13.25
17.55
13.37
19.27
20.39
3. Fixed assets to total capital
14.59
15.06
19.30
24.38
16.64
17.70
1. Non-performing earning assets
2.60
3.26
3.91
1.73
1.40
1.81
2. Allowance for possible losses on earning assets
2.49
2.82
3.68
2.80
1.94
2.03
3. NPL Gross(5)
3.30
3.25
4.64
2.36
2.26
3.31
0.22
0.00
0.00
1.18
0.68
1.16
3.08
3.31
3.65
2.42
2.88
3.45
101.27
118.73
136.29
150.08
114.48
107.66
3.08
3.34
1.78
2.01
3.81
2.40
17.59
18.52
11.23
14.64
22.91
15.63
7.94
8.97
7.81
8.15
8.30
7.22
76.72
74.93
86.46
85.77
74.19
80.33
94.86
93.82
88.76
86.42
88.05
75.51
Primary GWM
8.09
8.26
5.11
5.07
8.29
8.14
Secondary GWM
9.41**
9.56**
15.59**
N/A
N/A
N/A
2. Statutory Reserve Requirements Foreign Currency
5.05
1.14
11.79
1.06
3.04
3.03
3. Net Open Position(3)
1.09
0.55
4.15
7.83
1.64
1.79
4. Net Open Position (statement of financial position)(4)
N/A***
N/A***
14.64
1.70
5.83
1.52
0.00
0.00
0.00
0.00
0.00
0.00
5. Total liabilities 6. Total equity Capital
2007
2006*
(1)
Earning Assets
4. NPL Net
(1)
(5)
5. Allowance for possible losses on total credit 6. Fulfilment of allowance for possible losses on earning assets Rentability(1) 1. ROA 2. Return on average core capital (ROE) 3. NIM including insurance premium 4. Operating expenses to operating income (BOPO)(6) Liquidity(1) LDR Compliance
(1)
1. Statutory Reserve Requirement (GWM)(1)
5. LLL violation percentage a. affiliated party
163
(in%) 31 March
31 December
2011
2010
2009
2008
2007
2006*
0.00
0.00
0.00
0.00
0.00
0.00
a. affiliated party
0.00
0.00
0.00
0.00
0.00
0.00
b. unaffiliated party
0.00
0.00
0.00
0.00
0.00
0.00
b. unaffiliated party 6. LLL overrun percentage
Note: ROA and ROE are calculated based on the methodology determined by Bank Indonesia, in which ROA is calculated based on the net profit divided by the average earning assets. ROE is calculated based on the net profit divided by the average core capital. (1)
Company Ratio
(2)
Consolidated Ratio
(3)
The sum of absolute value of difference between the assets and liabilities in the balance sheet for each foreign currency is added with the difference between the claims and liabilities in the form of commitments and contingencies.
(4)
The calculation of net open position in the statement of financial position was effective as of 2004. in accordance with Bank Indonesia Regulation No. 6/20/PBI/2004 dated 15 July 2004 on “Amendment to Bank Indonesian Regulation No. 5/13/PBI/2003 concerning Net Open Position of Commercial Banks”.
(5)
The NPL, ROA, ROE and NIM ratios for the quarterly period ending on 31 March 2011. used the annualized data in accordance with Bank Indonesia Circular Letter No. 12/11/DPNP dated 31 March 2010 and Bank Indonesia Circular Letter No. 7/10/DPNP dated 31 March 2005.
(6)
The BOPO ratio for the quarterly period ending on 31 March 2011 used the unannualized data in accordance with Bank Indonesia Circular Letter No. 12/11/DPNP dated 31 March 2010 and Bank Indonesia Circular Letter No. 7/10/DPNP dated 31 March 2005. Hence. the ratio cannot be compared with the ratios as at 31 December 2009-2006.
*
After being reclassified to conform its presentation with other periods/years
**
In accordance PBI No. 10/25/PBI/2008 dated 23 October 2008 regarding the “Amendment to BI Regulation No. 10/19/PBI/2008 on Statutory Minimum Reserves (“GWM”) Commercial Banks at Bank Indonesia in Rupiah and Foreign Exchange” provides that starting on 24 October 2009, the Bank must meet the secondary reserve requirement for the Rupiah currency by 2.5% from the average number of third party funds Rupiah in the form of Bank Indonesia Certificates (“SBI”), Government Bond (“SUN”) and/or the Excess Reserve.
***
PBI. 12/10/PBI/2010 dated July 1, 2010 on “Third Amendment of Bank Indonesia Regulation. No. 5/13/PBI/2003 on the Net Open Position (“PDN”) of Commercial Banks” states that starting July 1, 2010, the Bank is only required to maintain the highest overall PDN 20% of the capital.
In relation to credit agreements, IFC requested the Company to maintain the CAR, LLL and NOP ratios as well as the Open Credit Exposure Ratio, Interest Rate Gap Ratio, and the Actuarial Maturity Gap Ratio not to violate Bank Indonesia requirements. The Company has fulfilled all of the foregoing ratio requirements.
164
X. EQUITY The information table contained in the following discussion, regards the financial performance of the Company and Subsidiaries, for the three-months ended 31 March 2011 and the years ended 31 December 2010, 2009 and 2008 as extracted from the Consolidated Financial Statements of the Company and Subsidiaries (“Consolidated Financial Statements”). The Consolidated Financial Statements as of 31 March 2011, 31 December 2010, 2009 and 2008 were audited by the Registered Public Accountants of Siddharta & Widjaja, previously the Registered Public Accountants of Siddharta Siddharta & Widjaja (a member firm of KPMG International), with unqualified opinion in each of the reports. The independent auditor’s report for the Consolidated Financial Statements as of 31 March 2011 includes an explanatory paragraph which states that the Company and Subsidiaries adopted certain Statements of Financial Accounting Standard (“SFAS”) that become effective as of 1 January 2011, which were applied prospectively as well as retrospectively. The independent auditor’s report for the Consolidated Financial Statements as of 31 December 2010 includes an explanatory paragraph which states that effective 1 January 2010 the Company and Subsidiaries prospectively adopted SFAS No. 50 (2006 Revision), “Financial Instruments: Presentation and Disclosures” and SFAS No. 55 (2006 Revision), “Financial Instruments: Recognition and Measurement”. The independent auditor’s report for the Consolidated Financial Statements as of 31 December 2008 includes an explanatory paragraph regarding reissuance of the Consolidated Financial Statements of the Company and Subsidiaries as of and for the year ended 31 December 2008, in order to conform with the presentations as required by the capital market regulations, in relation with the Company’s plan for a Limited Public Offering IV to Shareholders in Relation to the Issuance of Rights Issue. COMPANY EQUITY STRUCTURE (in millions of Rupiah) Remarks
31 March
31 December
2011
2010
2009
2008
Issued and fully paid-up capital
5,317,722
5,317,363
5,303,992
3,631,865
Additional paid-up capital
3,048,214
3,046,452
2,964,113
675,000
189
189
189
189
8,209
78,136
(322,697)
(820,619)
162,680
133,844
118,520
103,220
9,598,415
9,873,803
7,741,634
6,989,413
18,135,429
18,449,787
15,805,751
10,579,068
184,886
159,241
96,235
530,197
18,320,315
18,609,028
15,901,986
11,109,265
Other paid-up capital Other equity components Retained earnings: Appropriated Unappropriated
Non-controlling interest Total Equity
The significant changes to the capital structure after the date of the financial statement per 31 March 2011 are: The increase of the subscribed and paid up capital and the additional paid up capital in the amount of IDR2,257 million and IDR11,074 million compared to 31 March 2011 position in the event of the execution of the last Employee/Management Stock Option Programme (E/MSOP). The change in retained earnings is due to earnings additions during 2011.
165
In the event that LPO V had taken on 31 March 2011, the pro forma equity structure of the Company as of that date would have been as follows: Pro Forma Equity on 31 March 2011 (in millions of Rupiah) Issued and Fully Paid-up Capital Series A
Series B
Additional Paid-up Capital
1,120,000
4,197,722
3,048,214
189
LPO V in the amount of 1,162,285,399 shares with par value of Rp500 for each share at the offering price range of Rp4,300 per share
—
581,143
4,416,684
Pro forma Equity on 31 March 2011 after LPO V
1,120,000
4,778,865
7,464,898
Equity Position according to the financial statement on 31 March 2011 with par value of Rp50,000 for each share of Series A and of Rp500 for each share of Series B
Other Other Paid Equity Up Capital Component
Appropriated
Unappropriated
Noncontrolling Interest
Total Equity
8,209
162,680
9,598,415
184,886
18,320,315
—
—
—
—
—
4,997,827
189
8,209
162,680
9,598,415
184,886
23,318,142
166
Retained Earnings
XI. DIVIDEND POLICY The Company is planning to distribute a minimum cash dividend of 5% (five percent) of annual net profit of the Company, for the next three years, since the distribution of dividend is based on profit for the year 2011. Such distribution would be subject to obtaining approval from General Meeting of Shareholders (GMS), the financial condition of the Company, and growth target of the Company and the Company’s future capital requirements. There are no limitations which may limit the right of public shareholders to receive dividends. The following table sets out the cash dividends that have been declared and paid for the fiscal years 2006 to 2010 (in millions Rupiah).
Year
% Net Profit
Dividend per Share for Series A and Series B (Rp)
2006
50%
132.87
662,666
5 June 2007
2007
50%
209.80
1,058,457
4 June 2008
2008
50%
91.37
765,012
7 July 2009
2009
50%
91.12
766,300
10 June 2010
2010
35%
119.83
1,009,197
10 May 2011
167
Total Profit Payment (Rp Million)
Date of Cash Dividend Payment
XII. TAXATION Income tax on dividends is imposed in accordance with applicable regulations. Under Law No. 36 Year 2008 concerning the Fourth Amendment of Law No. 7 of 1983 dealing with the Indonesian Income Tax Law, the dividend received by the immediate shareholder that is an Indonesian corporate entity, cooperative, state owned enterprises, or region owned enterprises, is not subject to Income Tax provided the following conditions are met: 1.
The dividends originate from retained earnings, and
2.
For limited liability company, state owned enterprise and regional owned enterprise that receive dividend, the dividend recipient owns more than 25% of the shares in the company distributing the dividend.
According to the Ministry of Finance of the Republic of Indonesia’s Regulation No. 234/PMK.03/2009 dated 29 December 2009 regarding Specific Field of Investment Generating Dividends on Pension Funds Which Excludes Tax Object from Income Tax, dividends received or acquired by Pension Funds approved by the Ministry of Finance are not subject to Income Tax Object provided the income is originating from share ownership, including among others, dividends from the shares in a listed company. Government Regulation of the Republic of Indonesia No.14 of 1997 regarding amendment to Government Regulation No. 41 of 1994 regarding Income Tax on income from Share Purchase Transaction in Stock Exchange stipulates as follows: 1.
The sale of shares transactions that are listed in a stock exchange is subject to final withholding tax of 0.1% of the gross amount of the transaction value. The payment of such income tax should be withheld by the stock exchange through the broker handling the transaction at the time of the settlement of shares transaction.
2.
The sale of founder shares is subject to additional tax of 0.5% (zero point five percent) of the founding share selling value that they owned at the time of the Initial Public Offering.
3.
Founder shareholders can thus meet their tax obligations based on their own calculations in accordance with the provisions of the above. Founder shareholders for tax purposes can calculate the final tax obligations on the basis of their own presumption that existing revenue. Additional Deposit Income tax payable can be performed by each of the founding shareholders no later than one month after the shares are traded on the Stock Exchange, but if founder shareholders do not take advantage of these provisions, sale proceeds of the founder shares are subject to normal tax rates pursuant to article 17 of Law No. 36 of 2008.
4.
According to article 23.a.1 of Law No. 36 Year 2008, dividends from shares, whether trading on the stock market or not, payable or paid to the taxpayer or permanent form of business, are subject to Article 23 of the Income Tax deducted at 15% (fifteen percent) of gross amount.
5.
Based on Article 17.2.c Law No. 36 Year 2008, the distributed dividend to the individual taxpayer is subject to income tax Article 4(2) in the amount of 10% and final.
Dividends paid or payable to Foreign Taxpayers will be charged a rate of 20% (twenty percent) or a lower rate in terms of payments made to them which are a resident of a country that has signed the Avoidance of Double Taxation Agreement (P3B) with Indonesia, in adherence with the requirement as govern on the Regulation of Director General of Taxes No. PER-61/PJ/2009 dated 5 November 2009 in regards to the Procedure on the Application of Double Taxation Agreement.
168
PROSPECTIVE PURCHASERS OF SHARES IN LPO V ARE ADVISED TO CONSULT THEIR OWN TAX ADVISORS REGARDING THE TAX TREATMENT OF AN INVESTMENT IN THE COMPANY’S SHARES THROUGH THIS LPO V IN LIGHT OF THEIR OWN CIRCUMSTANCES.
THE COMPANY’S TAX LIABILITY As a taxpayer, the Company has a tax liability for income tax (PPh), Value Added Tax (PPN) and the Land and Building Tax (PBB). The Company has fulfilled its obligations in accordance with the provisions of tax legislation and taxation rules and regulations. As of the date of publication of this Prospectus, the Company has no tax in arrears. The calculation of corporate income tax for the year ended 31 December 2010 is in accordance with the Annual Tax Return (SPT) method. The calculation of the entity income tax for 3 (three) months periods ended 31 March 2011 was a preliminary estimate which was made for accounting purposes and could change when the Company lodges its annual corporate tax return.
169
XIII. CAPITAL MARKET SUPPORTING INSTITUTIONS AND PROFESSIONALS The Capital Market Supporting Institutions and Professionals engaged in this LPO V are as follows: Legal Consultant
:
HADIPUTRANTO, HADINOTO & PARTNERS Gedung Bursa Efek Indonesia Tower II 21st Floor Sudirman Central Business District Jl. Jend. Sudirman Kav. 52-53 Jakarta 12190 No. STTD: 93/STTD-KH/PM/1996 Main Duties: The scope of the Legal Consultant’s task is to conduct legal due diligence on the facts concerning the Company as conveyed by the Company to the Legal Consultants. Due Diligence results have been published in the Legal Audit report which constitutes an explanation concerning the Company in terms of the law and constitutes an integral part of the “Legal Opinion”. The Company appointed Hadiputranto, Hadinoto & Partners by virtue of Legal Consultant Appointment Letter No. 263522v3/INR/V/11 dated 14 May 2011. Operational Guidance used by Hadiputranto, Hadinoto & Partners to perform its duties as Legal Consultant is the Standard Professional of Capital Market Legal Consultant Association, attachment to HKHPM Decision No.KEP. 01/ HKHPM/2005. Registration Certificate of Capital Market Supporting Profession: No.93/STTD-KH/PM/1996, dated 22 July 1996 under the name of Indah Nurwitri Respati, SH. Association Membership: Capital Market Legal Consultant Association (Himpunan Konsultan Hukum Pasar Modal-HKHPM) No. 89021.
Public Accountant
:
REGISTERED PUBLIC ACCOUNTANTS SIDDHARTA & WIDJAJA (a member Firm of KPMG — International) Wisma GKBI 33rd Floor Jl. Jend. Sudirman No. 28 Jakarta 10210, Indonesia Main Duties: 1.
To read the financial aspects of the Prospectus prepared by the Management for the LPO V to shareholders in relation to the issuance of the Pre-Emptive Rights.
170
2.
To issue Comfort Letter that is addressed to BAPEPAM-LK and the Standby Purchasers as long as the public accountant receives a representation letter from the Standby Purchasers.
3.
To help and assist the Company in conducting meetings or discussions with BAPEPAM-LK in regards to the LPO V.
The Company appointed KAP Siddharta & Widjaja based on Appointment Letter No. 070/NS/VI/11 dated 30 June 2011. The work guideline used by Registered Public Accountant Siddharta & Widjaja in conducting its task as Public Accountant is Public Accountant Professional Standards is that issued by the Indonesian Public Accountant Institute Public Accountant Professional Standards Councils. Registration Certificate of Capital Profession: No. 34/BL/STTD-AP/2007.
Market
Supporting
Association Membership: SW membership number in IAPI, unlimited, subject to annual renewal, SW reference in IAPI: 192 JKT. Notary
:
FATHIAH HELMI, SH. Gedung Graha Irama Fl. 6 C Jl. HR. Rasuna Said Blok X-1 Ka. 1 & 2 Jakarta 12950, Indonesia Main Duties: The scope of the Notary’s task is to draw up notary deeds in connection with the agreement between the Company with the Securities and Administration Bureau and between the Company and the Standby Purchaser in connection with the LPO V, and to draw up Minutes of Extraordinary General Meeting of Shareholders Company in relation to the Limited Public Offering V in accordance with the Notary’s Code of Conducts. The Company appointed Notary Fathiah Helmi, SH., by virtue of Appointment Letter No. 11/Prop/PUT/VII/2011 dated 12 July 2011. Registration Certificate of Capital Market Supporting Professional: No. 02/STTD-N/PM/1996 under the name of Fathiah Helmi, S.H. Association Membership: Indonesian Notary Association (INI) No. 011.003.027.260958. Operational Guidance: Statement of Law No.30 of 2004 regarding Notary Position and Code of Ethics of Indonesian Notary Association.
171
Securities Administration Bureau (“BAE”)
:
PT Raya Saham Registra Gedung Plaza Sentral, 2nd floor Jl. Jenderal Sudirman Kav. 47-48 Jakarta 12930, Indonesia Main Duties: The scope of the BAE’s task is to prepare the List of Shareholders that are entitled to participate in LPO V, to issue and distribute Rights certificates or electronic form of Rights into the collective deposit of KSEI, to receive requests for Rights exercise, to conduct fund reconciliation for payment of such requests with the Bank appointed by the Company, to conduct process of allotment for registration of purchase of additional shares, to conduct the issuance and distribution process of shares in the form of a letter or in electronic form into the collective deposit of KSEI, and to conduct refund of the payment for registration of purchase of shares. The Company appointed PT Raya Saham Registra based on Appointment Letter No. 148/DIR-RSR/BDMN/2011 and 149/ DIR-RSR/BDMN/2011, both dated 7 July 2011. Business License No. KEP-79/PM/1991, dated 18 September 1991.
The Capital Market Supporting Professionals in this the Limited Public Offering V state that they have no direct or indirect affiliation with the Company (as defined in Law No. 8 of 1995 on Capital Market).
172
XIV. CONSOLIDATED FINANCIAL STATEMENTS
173
174
175
176
177
178
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION 31 MARCH 2011 AND 31 DECEMBER 2010, 2009 AND 1 JANUARY 2009/31 DECEMBER 2008 (Expressed in million Rupiah, except par value per share)
LAPORAN POSISI KEUANGAN KONSOLIDASIAN 31 MARET 2011 DAN 31 DESEMBER 2010, 2009 DAN 1 JANUARI 2009/31 DESEMBER 2008 (Dinyatakan dalam jutaan Rupiah, kecuali nilai nominal per saham)
31 Desember/December
Catatan/ Notes
31 Maret/ March 2011
2010
2009
1 Januari 2009/31 Desember 2008/ 1 January 2009/31 December 2008 4,161,520 2,820,413
ASET Kas 2b,2e,4 Giro pada Bank Indonesia 2b,2e,2f,2g,5 Giro pada bank lain, setelah dikurangi penyisihan kerugian penurunan nilai sebesar Rp nihil pada 31 Maret 2011 (31 Desember 2010: Rp nihil; 31 Desember 2009: Rp 16.964 dan 1 Januari 2009: Rp 33.882) 2b,2e,2g,2n,6 - Pihak berelasi 2aj,44a - Pihak ketiga Penempatan pada bank lain dan Bank Indonesia, setelah dikurangi penyisihan kerugian penurunan nilai sebesar Rp nihil pada 31 Maret 2011 (31 Desember 2010: Rp nihil; 31 Desember 2009: Rp 24.794 dan 1 Januari 2009: Rp 16.464) 2b,2e,2h,2n,7 - Pihak berelasi 2aj,44b - Pihak ketiga Efek-efek, setelah dikurangi penyisihan kerugian penurunan nilai sebesar Rp 1.950 pada 31 Maret 2011 (31 Desember 2010: Rp 1.950; 31 Desember 2009: Rp 6.130; dan 1 Januari 2009: Rp 8.694) 2b,2e,2i,2n,8 Tagihan derivatif, setelah dikurangi penyisihan kerugian penurunan nilai sebesar Rp nihil pada 31 Maret 2011 (31 Desember 2010: Rp nihil; 31 Desember 2009: Rp 3.468 dan 1 Januari 2009: Rp 660.150) 2e,2k,2n,9 - Pihak berelasi 2aj,44c - Pihak ketiga Pinjaman yang diberikan, setelah dikurangi penyisihan kerugian penurunan nilai sebesar Rp 2.423.805 pada 31 Maret 2011 (31 Desember 2010: Rp 2.505.197; 31 Desember 2009: Rp 2.211.621; dan 1 Januari 2009: Rp 1.572.564) dan pendapatan bunga ditangguhkan sebesar Rp nihil pada 31 Maret 2011 (31 Desember 2010: Rp nihil; 31 Desember 2009: Rp 84; dan 1 Januari 2009: Rp 84) 2e,2l,2n,10 - Pihak berelasi 2aj,44d - Pihak ketiga Piutang pembiayaan konsumen, setelah dikurangi penyisihan kerugian penurunan nilai sebesar Rp 207.425 pada 31 Maret 2011 (31 Desember 2010: Rp 201.063; 31 Desember 2009: Rp 43.752; dan 1 Januari 2009: Rp 37.800) 2e,2n,2p,2u,11 - Pihak berelasi 2aj - Pihak ketiga Piutang premi, setelah dikurangi penyisihan kerugian penurunan nilai sebesar Rp nihil pada 31 Maret 2011 (31 Desember 2010: Rp nihil; 31 Desember 2009: Rp 17 dan 1 Januari 2009: Rp 20) 2e,2n,2q Tagihan akseptasi, setelah dikurangi penyisihan kerugian penurunan nilai sebesar Rp nihil pada 31 Maret 2011 (31 Desember 2010: Rp nihil; 31 Desember 2009: Rp 10.824 dan 1 Januari 2009: Rp 9.315) 2e,2n,2v,12 - Pihak berelasi 2aj,44e - Pihak ketiga Dipindahkan
ASSETS 1,328,346 5,864,250
1,985,338 5,274,888
2,117,368 3,820,180
58,911 1,026,102
112,134 1,546,292
144,133 1,763,373
275,000 10,142,692
595,000 8,662,137
556,875 3,632,560
5,758,610
5,323,969
4,431,548
1 206,037
251 189,294
322,103
13,214 76,363,343
10,910 73,257,415
4,668 58,362,902
6,935,814
6,663,061
2,654,674
76,703
62,017
28,856
Cash Current accounts with Bank Indonesia Current accounts with other banks, net of allowance for impairment losses of Rp nil as at 31 March 2011 (31 December 2010: Rp nil; 31 December 2009: Rp 16,964 and 1 January 2009: Rp 33,882) 436,165 Related parties 3,170,104 Third parties Placements with other banks and Bank Indonesia, net of allowance for impairment losses of Rp nil as at 31 March 2011 (31 December 2010: Rp nil; 31 December 2009: Rp 24,794 and 1 January 2009: Rp 16,464) 928,125 …Related parties -... 2,560,661 Third parties Marketable securities, net of allowance for impairment losses of Rp 1,950 as at 31 March 2011 (31 December 2010: Rp 1,950; 31 December 2009: Rp 6,130; 4,137,089 and 1 January 2009: Rp 8,694) Derivative receivables, net of allowance for impairment losses of Rp nil as at 31 March 2011 (31 December 2010: Rp nil; 31 December 2009: Rp 3,468 and 1 January 2009: Rp 660,150) 131 Related parties 1,751,285 Third parties Loans, net of allowance for impairment losses of Rp 2,423,805 as at 31 March 2011 (31 December 2010: Rp 2,505,197; 31 December 2009: Rp 2,211,621; and 1 January 2009: Rp 1,572,564) and unearned interest income of Rp nil as at 31 March 2011 (31 December 2010: Rp nil; 31 December 2009: Rp 84 and 1 January 2009: Rp 84) Related parties 12,594 63,397,880 Third parties Consumer financing receivables, net of allowance for impairment losses of Rp 207,425 as at 31 March 2011 (31 December 2010: Rp 201,063; 31 December 2009: Rp 43,752; and 1 January 2009: Rp 37,800) 5,259 Related parties 1,871,453 Third parties Premium receivables, net of allowance for impairment losses of Rp nil as at 31 March 2011 (31 December 2010: Rp nil; 31 December 2009: Rp 17 22,283 and 1 January 2009: Rp 20)
1,109,287 78,948,527
Acceptance receivables, net of allowance for impairment losses of Rp nil as at 31 March 2011 (31 December 2010: Rp nil; 31 December 2009: Rp 10,824 and 1 January 2009: Rp 9,315) Related parties Third parties Carry forward
885,805 108,934,828
190,220 568,904 104,441,830
Catatan atas laporan keuangan konsolidasian merupakan bagian tak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.
856,599 86,131,561
The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.
* tidak diaudit
unaudited * LAMPIRAN – 1/1- SCHEDULE
179
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION 31 MARCH 2011 AND 31 DECEMBER 2010, 2009 AND 1 JANUARY 2009/31 DECEMBER 2008 (Expressed in million Rupiah,except par value per share)
LAPORAN POSISI KEUANGAN KONSOLIDASIAN 31 MARET 2011 DAN 31 DESEMBER 2010, 2009 DAN 1 JANUARI 2009/31 DESEMBER 2008 (Dinyatakan dalam jutaan Rupiah, kecuali nilai nominal per saham)
31 Desember/December
Catatan/ Notes
31 Maret/ March 2011
2010
2009
1 Januari 2009/31 Desember 2008/ 1 January 2009/31 December 2008
ASET (lanjutan)
ASSETS (continued)
Pindahan ………..108,934,828 Obligasi Pemerintah 2e,2i,13 5,612,754 Pajak dibayar dimuka 2ae,23a 81,741 Investasi dalam saham, setelah dikurangi penyisihan kerugian penurunan nilai sebesar Rp nihil pada 31 Maret 2011 (31 Desember 2010: Rp nihil; 31 Desember 2009: Rp 21.316 dan 1 Januari 2009: Rp 122) 2e,2m,2n,14 12,175 Aset tak berwujud, setelah dikurangi akumulasi amortisasi sebesar Rp 1.223.986 pada 31 Maret 2011 (31 Desember 2010: Rp 1.186.886; 31 Desember 2009: Rp 1.027.746 dan 1 Januari 2009: Rp 735.505) 2r,15 1,540,943 Aset tetap, setelah dikurangi akumulasi penyusutan sebesar Rp 1.383.197 pada 31 Maret 2011 (31 Desember 2010: Rp 1.310.473; 31 Desember 2009: Rp 1.305.034 dan 1 Januari 2009: Rp 1.039.104) 2s,16 1,744,978 Aset pajak tangguhan, bersih 2ae,23d 903,371 Beban dibayar dimuka dan aset lain-lain, setelah dikurangi penyisihan kerugian penurunan nilai sebesar Rp 143.181 pada 31 Maret 2011 (31 Desember 2010: Rp 313.469; 31 Desember 2e,2n,2o, 2009: Rp 934.498 dan 1 Januari 2009: Rp 414.649) 2t,2u,17 3,973,345
104,441,830 6,138,340 -
78,948,527 11,010,829 -
86,131,561 13,083,338 -
12,175
64,419
12,053
1,576,096
1,534,668
508,768
1,771,489 950,784
1,549,504 980,280
1,646,707 850,038
3,315,859
4,509,726
5,035,898
Carried forward Government Bonds Prepaid taxes Investment in shares net of allowance for impairment losses of Rp nil as at 31 March 2011 (31 December 2010:Rp nil; 31 December 2009: Rp 21,316 and 1 January 2009: Rp 122) Intangible assets, net of accumulated amortization of Rp 1,223,986 as at 31 March 2011 (31 December 2010: Rp 1,186,886; 31 December 2009: Rp 1,027,746 and 1 January 2009: Rp 735,505) Fixed assets, net of accumulated depreciation of Rp 1,383,197 as at 31 March 2011 (31 December 2010: Rp 1,310,473; 31 December 2009: Rp 1,305,034 and 1 January 2009: Rp 1,039,104) Deferred tax asset, net Prepayments and other assets, net of allowance for impairment losses of Rp 143,181 as at 31 March 2011 (31 December 2010: Rp 313,469; 31 December 2009: Rp 934,498 and 1 January 2009: Rp 414,649)
JUMLAH ASET
118,206,573
98,597,953
107,268,363
TOTAL ASSETS
122,804,135
Catatan atas laporan keuangan konsolidasian merupakan bagian tak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.
The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.
* tidak diaudit
unaudited * LAMPIRAN – 1/2- SCHEDULE
180
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION 31 MARCH 2011 AND 31 DECEMBER 2010, 2009 AND 1 JANUARY 2009/31 DECEMBER 2008 (Expressed in million Rupiah, except par value per share)
LAPORAN POSISI KEUANGAN KONSOLIDASIAN 31 MARET 2011 DAN 31 DESEMBER 2010, 2009 DAN 1 JANUARI 2009/31 DESEMBER 2008 (Dinyatakan dalam jutaan Rupiah, kecuali nilai nominal per saham)
31 Desember/December
Catatan/ Notes
31 Maret/ March 2011
2010
2009
1 Januari 2009/31 Desember 2008/ 1 January 2009/31 December 2008
LIABILITAS DAN EKUITAS
LIABILITIES AND EQUITY
LIABILITAS Simpanan nasabah: 2e,2w,18 - Pihak berelasi 2aj,44f - Pihak ketiga Simpanan dari bank lain 2e,2w,19 Efek yang dijual dengan janji dibeli kembali 2e,2j,13a Pendapatan premi tangguhan Premi yang belum merupakan pendapatan Liabilitas akseptasi 2e,2v,20 Obligasi yang diterbitkan 2e,2ac,21 Pinjaman yang diterima 2e,22 Utang pajak 2ae,23b Liabilitas derivatif 2e,2k,9 Liabilitas pajak tangguhan, bersih 2ae,23e Beban yang masih harus dibayar 2x, 2ad, 2ai dan liabilitas lain-lain 24,39,43,56 Pinjaman subordinasi 2e,2ad,25 Modal pinjaman 26 JUMLAH LIABILITAS EKUITAS Ekuitas yang dapat diatribusikan kepada pemilik entitas induk Modal saham - nilai nominal sebesar Rp 50.000 pada 31 Maret 2011 (31 Desember 2010: Rp 50.000; 31 Desember 2009: Rp 50.000; dan 1 Januari 2009: Rp 50.000) per saham untuk seri B Modal dasar - 22.400.000 pada 31 Maret 2011 (31 Desember 2010: 22.400.000; 31 Desember 2009: 22.400.000; dan 1 Januari 2009: 22.400.000) saham seri A dan 17.760.000.000 pada 31 Maret 2011 (31 Desember 2010: 17.760.000.000; 31 Desember 2009: 17.760.000.000; dan 1 Januari 2009: 17.760.000.000) saham seri B Modal ditempatkan dan disetor penuh 22.400.000 pada 31 Maret 2011 (31 Desember 2010: 22.400.000; 31 Desember 2009: 22.400.000; dan 1 Januari 2009: 22.400.000) saham seri A dan 8.395.443.466 pada 31 Maret 2011 (31 Desember 2010:8.394.725.466; 31 Desember 2009: 8.367.983.116; dan 1 Januari 2009: 5.023.730.700) saham seri B 27 Tambahan modal disetor 2af,2ah,40 Modal disetor lainnya Cadangan umum dan wajib 29 Komponen ekuitas lainnya 2c,2d,2i,8e,13e,56 Saldo laba (setelah defisit sebesar Rp 32.968.831 dieliminasi melalui kuasi-reorganisasi tanggal 1 Januari 2001) 53
Kepentingan non-pengendali JUMLAH EKUITAS JUMLAH LIABILITAS DAN EKUITAS
45,56
90,657 80,594,446 2,324,937
156,539 79,486,264 1,937,479
69,505 67,146,723 1,437,814
128,317 73,840,761 1,470,781
2,790,276 662,431 346,173 887,004 6,302,358 4,200,020 96,689 256,071 348,535
2,790,127 621,731 322,344 759,124 6,300,464 2,481,832 183,020 204,259 302,802
3,754,370 415,223 259,146 1,170,870 2,050,855 2,393,561 192,041 327,836 218,984
4,914,104 386,541 227,114 907,459 2,234,043 2,543,620 362,840 2,485,908 213,278
LIABILITIES Deposits from customers: Related parties Third parties Deposits from other banks Securities sold under repurchase agreements Deferred premium income Unearned premium reserve Acceptance payables Bonds issued Borrowings Taxes payable Derivative liabilities Deferred tax liabilities, net
5,084,223 500,000 -
3,551,560 500,000 -
2,759,039 500,000 -
2,674,768 3,769,564 -
Accruals and other liabilities Subordinated debts Loan capital
104,483,820
99,597,545
82,695,967
96,159,098
TOTAL LIABILITIES
5,317,722 3,048,214 189 162,680 8,209
5,317,363 3,046,452 189 133,844 78,136
5,303,992 2,964,113 189 118,520 (322,697)
EQUITY Equity attributable to equity holders of the parent equity Share capital - par value per share of Rp 50,000.as at 31 March 2011 (31 December 2010: Rp 50,000; 31 December 2009: Rp 50,000; and 1 January 2009: Rp 50,000) for B series shares Authorised - 22,400,000 as at 31 March 2011 (31 December 2010: 22,400,000;…. 31 December 2009: 22,400,000; and 1 January 2009: 22,400,000) A series shares and 17,760,000,000 as at 31 March 2011 (31 December 2010: 17,760,000,000; 31 December 2009:17,760,000,000; and 1 January 2009: 17,760,000,000) B series shares Issued and fully paid - 22,400,000.. as at 31 March 2011 (31 December 2010: 22,400,000; and 1 January 2009: 22,400,000) A series shares and 8,395,443,466 as at 31 March 2011 (31 December 2010: 8,394,725,466; 31 December 2009: 8,367,983,116; and 1 January 2009: 5,023,730,700) 3,631,865 B series shares 675,000 Additional paid-up capital 189 Other paid-up capital 103,220 General and legal reserves (820,619) Other equity components Retained earnings (after deficit of Rp 32,968,831 was eliminated through quasi-reorganisation on 6,989,413 1 January 2001)
9,598,415
9,873,803
7,741,634
18,135,429
18,449,787
15,805,751
184,886
159,241
96,235
530,197
Non-controlling interests
18,320,315
18,609,028
15,901,986
11,109,265
122,804,135
118,206,573
98,597,953
107,268,363
TOTAL EQUITY TOTAL LIABILITIES AND EQUITY
Catatan atas laporan keuangan konsolidasian merupakan bagian tak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.
10,579,068
The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.
* tidak diaudit
unaudited * LAMPIRAN – 1/3- SCHEDULE
181
LAPORAN LABA RUGI KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah, kecuali laba bersih per saham) Catatan/ Notes PENDAPATAN DAN BEBAN OPERASIONAL Pendapatan bunga Beban bunga
2x,2aj,30,44g 2x,2aj,31,44h
Pendapatan bunga bersih Pendapatan premi Beban underwriting
2y,2ab 2y,2ab
Pendapatan underwriting bersih Pendapatan bunga dan underwriting bersih PENDAPATAN OPERASIONAL LAINNYA Pendapatan provisi dan komisi Imbalan jasa (Kerugian)/keuntungan atas perubahan nilai wajar atas instrumen keuangan (Kerugian)/keuntungan yang telah direalisasi atas instrumen derivatif Pendapatan/(beban) atas transaksi dalam mata uang asing Pendapatan dividen Keuntungan penjualan efek-efek dan Obligasi Pemerintah - bersih Lain-lain
BEBAN OPERASIONAL LAINNYA Beban provisi dan komisi Beban umum dan administrasi Beban tenaga kerja dan tunjangan Penyisihan kerugian penurunan nilai Pemulihan/(penambahan) atas estimasi kerugian komitmen dan kontinjensi Lain-lain
PENDAPATAN OPERASIONAL BERSIH
CONSOLIDATED STATEMENTS OF INCOME FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah, except earnings per share)
31 Maret/March 2011 2010*
31 Desember/December 2010 2009
3,967,638 (1,359,063)
3,440,396 (1,046,247)
14,417,745 (4,509,295)
15,682,777 (6,220,816)
2,608,575
2,394,149
9,908,450
9,461,961
192,589 (97,666)
153,554 (75,123)
768,024 (395,024)
633,132 (337,130)
94,923
78,431
373,000
296,002
Net underwriting income
2,703,498
2,472,580
10,281,450
9,757,963
Net interest and underwriting income
2z,32,56 33,56 2i,2aa,8a,13a, 34,56
300,667 576,621
283,316 405,794
1,204,966 2,125,035
1,158,700 1,426,624
(34,661)
1,687
(12,929)
68,572
56
(32,199)
52,864
20,339
326,835
56
66,374 -
(37,785) -
1,215 2,140
(142,427) 3,241
2i,8a,13a
12,158 808
14,764 -
242,178 891
41,414 -
889,768
720,640
3,583,835
2,882,959
(55,272)
(81,055)
(329,431)
(1,246,643)
2z,32,56 35,56 2af,36,39,41 44i,56 2n,6,7,8,9,10 11,12,14,17
2n 56
OPERATING INCOME AND EXPENSES Interest income Interest expense
(692,492)
(582,555)
(2,545,376)
(2,465,669)
(1,015,920)
(845,315)
(3,838,754)
(3,003,000)
(505,934)
(511,343)
(2,134,124)
(2,842,055)
(112,656)
7,734 (72,342)
(4) (387,532)
(4,889) (229,395)
(2,382,274)
(2,084,876)
(9,235,221)
(9,791,651)
1,210,992
1,108,344
4,630,064
2,849,271
Catatan atas laporan keuangan konsolidasian merupakan bagian tak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.
Net interest income Premium income Underwriting expenses
OTHER OPERATING INCOME Fees and commissions income Fees (Loss)/gain from changes in fair value of financial instruments Realized (loss)/gain from derivative instruments Income/(expense) from foreign exchange transactions Dividend income Gains on sale of marketable securities and Government Bonds - net Others
OTHER OPERATING EXPENSES Fees and commissions expense General and administrative expenses Salaries and employee benefits. Allowance for impairment losses (Recovery)/addition of possible losses on commitments and contingencies Others
NET OPERATING INCOME
The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.
* tidak diaudit
unaudited * LAMPIRAN – 2/1- SCHEDULE
182
LAPORAN LABA RUGI KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah, kecuali laba bersih per saham) Catatan/ Notes
CONSOLIDATED STATEMENTS OF INCOME FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah, except earnings per share)
31 Maret/March 2011 2010*
31 Desember/December 2010 2009
PENDAPATAN DAN BEBAN BUKAN OPERASIONAL Pendapatan bukan operasional Beban bukan operasional
NON-OPERATING INCOME AND EXPENSES 37,56 38,56
BEBAN BUKAN OPERASIONAL - BERSIH LABA SEBELUM PAJAK PENGHASILAN BEBAN PAJAK PENGHASILAN
22,012 (173,126)
21,594 (144,300)
54,701 (683,234)
88,711 (567,422)
Non-operating income Non-operating expenses
(151,114)
(122,706)
(628,533)
(478,711)
NON-OPERATING EXPENSES - NET
1,059,878 2ae,23c
LABA BERSIH
985,638
4,001,531
(271,051)
(262,551)
(1,017,770)
2,370,560
788,827
723,087
2,983,761
1,613,722
NET INCOME
762,661 26,166
700,555 22,532
2,883,468 100,293
1,532,533 81,189
Net income attributable to: Equity holders of the parent entity Non-controlling interests
788,827
723,087
2,983,761
1,613,722
(756,838)
Laba bersih yang dapat diatribusikan kepada: Pemilik entitas induk Kepentingan non-pengendali
LABA BERSIH PER SAHAM DASAR YANG DIATRIBUSIKAN KEPADA PEMILIK ENTITAS INDUK LABA BERSIH PER SAHAM DILUSIAN YANG DIATRIBUSIKAN KEPADA PEMILIK ENTITAS INDUK
45
2ag,42a
2ag,42b
90.60
83.47
83.43
90.47
Catatan atas laporan keuangan konsolidasian merupakan bagian tak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.
342.92
341.68
INCOME BEFORE TAX INCOME TAX EXPENSE
186.36
BASIC EARNINGS PER SHARE ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT ENTITY
179.13
DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT ENTITY
The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.
* tidak diaudit
unaudited * LAMPIRAN – 2/2- SCHEDULE
183
LAPORAN LABA RUGI KOMPREHENSIF KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah, kecuali laba bersih per saham)
Catatan/ Notes
LABA BERSIH
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah, except earnings per share)
31 Maret/March 2011 2010*
788,827
31 Desember/December 2010 2009
723,087
2,983,761
1,613,722
Pendapatan komprehensif lain: Selisih kurs karena penjabaran laporan keuangan dalam mata uang asing Aset keuangan tersedia untuk dijual: (Kerugian)/keuntungan periode berjalan Jumlah yang ditransfer ke laba rugi sehubungan dengan perubahan nilai wajar
NET INCOME Other comprehensive income:
2d
(3)
(10)
(11)
(870)
(75,005)
431,263
765,268
727,789
(17,188)
(10,061)
(236,546)
(27,989)
Available for sale financial assets: (Losses)/gains in current periods Amounts transferred to profit or loss in respect of fair value changes
21,748
(103,834)
(128,272)
(194,291)
Income tax relating to components of other comprehensive income
Pendapatan komprehensif lain setelah pajak
(70,448)
317,358
400,439
504,639
Other comprehensive income, net of tax
JUMLAH LABA KOMPREHENSIF
718,379
1,040,445
3,384,200
2,118,361 TOTAL COMPREHENSIVE NCOME
Laba komprehensif yang dapat diatribusikan kepada: Pemilik entitas induk Kepentingan non-pengendali
692,734 25,645
1,016,773 23,672
3,284,301 99,899
Comprehensive income attributable to: 2,030,455 Equity holders of the parent entity 87,906 Non-controlling interests
718,379
1,040,445
3,384,200
2,118,361
Pajak penghasilan terkait dengan komponen laba komprehensif lain
2c,2i
Foreign exchange difference from translation of financial statements in foreign currency
23
2c,45
Catatan atas laporan keuangan konsolidasian merupakan bagian tak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.
The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.
* tidak diaudit
unaudited * LAMPIRAN – 2/3- SCHEDULE
184
185 2af,40
28
5,317,722
359
-
3,048,214
1,762
-
-
189
-
-
-
-
-
-
-
-
-
-
-
1,982
-
-
-
(3)
(3)
-
(3)
-
1,985
* tidak diaudit
-
-
92,888
162,680
-
-
28,836
-
-
-
-
-
133,844
-
692,734
(69,927)
(69,924)
(3)
762,661
18,449,787
9,598,415
-
18,135,429
2,121
(1,009,213) (1,009,213)
(28,836)
762,661
-
-
-
762,661
9,873,803
Saldo laba/ Retained earnings
184,886
-
-
-
25,645
(521)
(521)
-
26,166
159,241
Kepentingan nonpengendali/ Noncontrolling interests
Balance as at 1 January 2011
Foreign exchange difference from translation of financial statements
Other comprehensive income, net of tax
18,320,315
2,121
(1,009,213)
-
718,379
(70,448)
Balance as at 31 March 2011
Employee/management stock options exercised
Distribution of cash dividends
Total comprehensive income for the period Appropriation for general and legal reserve
Total other comprehensive income
Unrealised losses of available for sale marketable securities and Government (70,445) Bonds, net
(3)
788,827
18,609,028
Jumlah ekuitas/ Total equity
unaudited *
The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.
(21,420)
-
-
-
(4,683)
(4,683)
(4,683)
-
-
(16,737)
LAMPIRAN – 3/1- SCHEDULE
27,647
-
-
-
(65,241)
(65,241)
(65,241)
Catatan atas laporan keuangan konsolidasian merupakan bagian tak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.
Saldo pada tanggal 31 Maret 2011
Opsi kepemilikan saham karyawan/ manajemen yang dieksekusi
Pembagian dividen tunai
-
Pembentukan cadangan umum dan wajib
28,29
-
Jumlah laba komprehensif periode berjalan
-
2c,2i
Kerugian yang belum direalisasi atas efek-efek dan Obligasi Pemerintah dalam kelompok tersedia untuk dijual, bersih
-
Jumlah pendapatan komprehensif lain
2d
Selisih kurs karena penjabaran laporan keuangan
Pendapatan komprehensif lain, setelah pajak
-
189
Cadangan umum dan wajib/ General and legal reserve
Jumlah sebelum kepentingan nonpengendali/ Total before noncontrolling interests
Net income for the period
-
3,046,452
Selisih transaksi perubahan ekuitas Anak Perusahaan/ Difference in transactions of changes in equity of Subsidiaries
Laba bersih periode berjalan
5,317,363
Modal disetor lainnya/ Other paidup capital
Keuntungan/(kerugian) yang belum direalisasi atas efek-efek dan Obligasi Pemerintah dalam kelompok tersedia untuk dijual, bersih/Unrealised gains/(losses) of available for sale marketable securities and Government Bonds, net
Total comprehensive income for the period
Saldo pada tanggal 1 Januari 2011
Modal saham/ Share capital
Tambahan modal disetor/ Additional paid-up capital
Selisih kurs karena penjabaran laporan keuangan/ Foreign exchange difference from translation of financial statements
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
Jumlah laba komprehensif periode berjalan
Catatan/ Notes
1 Januari - 31 Maret/1 January - 31 March 2011 Atribusi kepada pemilik entitas induk/Attributable to owners of the parent entity
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES
186 2af,40 5,306,306
2,314 189
13,418 2,977,531
-
-
-
-
-
-
-
189
Modal disetor lainnya/ Other paidup capital
-
-
-
2,964,113
Tambahan modal disetor/ Additional paid-up capital
1,986
-
(10)
(10)
-
(10)
-
1,996
Selisih kurs karena penjabaran laporan keuangan/ Foreign exchange difference from translation of financial statements
* tidak diaudit
118,520
-
-
-
-
-
-
118,520
Cadangan umum dan wajib/ General and legal reserve
8,442,189
-
700,555
-
-
-
700,555
7,741,634
Saldo laba/ Retained earnings
16,838,256
15,732
1,016,773
316,218
316,228
(10)
700,555
15,805,751
Jumlah sebelum kepentingan nonpengendali/ Total before noncontrolling interests
119,907
-
23,672
1,140
1,140
-
22,532
96,235
Kepentingan nonpengendali/ Noncontrolling interests
Foreign exchange difference from translation of financial statements
Other comprehensive income, net of tax
Net income for the period
Total comprehensive income for the period
Balance as at 1 January 2010
16,958,163
15,732
1,040,445
317,358
Balance as at 31 March 2010
Employee/management stock options exercised
Total comprehensive income for the period
Total other comprehensive income
Unrealised gains of available for sale marketable securities and Government 317,368 Bonds, net
(10)
723,087
15,901,986
Jumlah ekuitas/ Total equity
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
unaudited *
The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.
(28,042)
-
4,725
4,725
4,725
-
-
(32,767)
Selisih transaksi perubahan ekuitas Anak Perusahaan/ Difference in transactions of changes in equity of Subsidiaries
LAMPIRAN – 3/2- SCHEDULE
19,577
-
311,503
311,503
311,503
-
-
(291,926)
(Kerugian)/keuntungan yang belum direalisasi atas efek-efek dan Obligasi Pemerintah dalam kelompok tersedia untuk dijual, bersih/Unrealised (losses)/gains of available for sale marketable securities and Government Bonds, net
Catatan atas laporan keuangan konsolidasian merupakan bagian tak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.
Saldo pada tanggal 31 Maret 2010
Opsi kepemilikan saham karyawan/ manajemen yang dieksekusi
-
Jumlah laba komprehensif periode berjalan
-
-
2c,2i
Keuntungan yang belum direalisasi atas efek-efek dan Obligasi Pemerintah dalam kelompok, tersedia untuk dijual bersih
-
-
5,303,992
Modal saham/ Share capital
Jumlah pendapatan komprehensif lain
2d
Selisih kurs karena penjabaran laporan keuangan
Pendapatan komprehensif lain, setelah pajak
Laba bersih periode berjalan
Jumlah laba komprehensif periode berjalan
Saldo pada tanggal 1 Januari 2010
Catatan/ Notes
1 Januari - 31 Maret*/1 January - 31 March 2010* Atribusi kepada pemilik entitas induk/Attributable to owners of the parent entity
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES
187 -
-
-
-
2,964,113
-
2,964,113
-
-
-
-
189
-
189
Modal disetor lainnya/ Other paidup capital
(11)
-
(11)
-
1,996
-
1,996
384,814
384,814
* tidak diaudit
-
-
(291,926)
-
(291,926)
(Kerugian)/keuntungan yang belum direalisasi atas efek-efek dan Obligasi Pemerintah dalam kelompok tersedia untuk dijual, bersih/Unrealised (losses)/gains of available for sale marketable securities and Government Bonds, net
-
-
-
-
118,520
-
118,520
Cadangan umum dan wajib/ General and legal reserve
-
-
-
2,883,468
7,771,959
30,325
7,741,634
Saldo laba/ Retained earnings
400,833
400,844
(11)
2,883,468
15,836,076
30,325
15,805,751
(394)
(394)
-
100,293
92,410
(3,825)
96,235
Kepentingan nonpengendali/ Noncontrolling interests
Foreign exchange difference from translation of financial statements
Other comprehensive income, net of tax
Net income for the year
Total comprehensive income for the year
Balance as at 1 January 2010 after effect of first adoption of SFAS
Adjustment in connection with the implementation of SFAS No. 55 (2006 Revision)
Balance as at 1 January 2010
400,439
Total other comprehensive income
Unrealised gains/(loss) of available for sale marketable securities and Government 400,450 Bonds, net
(11)
2,983,761
15,928,486
26,500
15,901,986
Jumlah ekuitas/ Total equity
unaudited *
The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.
16,030
16,030
-
-
(32,767)
-
(32,767)
Selisih transaksi perubahan ekuitas Anak Perusahaan/ Difference in transactions of changes in equity of Subsidiaries
LAMPIRAN – 3/3- SCHEDULE
Catatan atas laporan keuangan konsolidasian merupakan bagian tak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.
-
-
Jumlah pendapatan komprehensif lain
-
2d
-
5,303,992
Keuntungan/(kerugian) yang belum direalisasi atas efek-efek dan Obligasi Pemerintah dalam kelompok tersedia untuk dijual, bersih 2c,2i
Selisih kurs karena penjabaran laporan keuangan
Pendapatan komprehensif lain, setelah pajak
Laba bersih tahun berjalan
Jumlah laba komprehensif tahun berjalan
Saldo pada tanggal 1 Januari 2010, setelah dampak penerapan awal PSAK
-
2e,55
5,303,992
Penyesuaian sehubungan dengan penerapan PSAK No. 55 (Revisi 2006)
Modal saham/ Share capital
Saldo pada tanggal 1 Januari 2010
Catatan/ Notes
Tambahan modal disetor/ Additional paid-up capital
Selisih kurs karena penjabaran laporan keuangan/ Foreign exchange difference from translation of financial statements
Atribusi kepada pemilik entitas induk/Attributable to owners of the parent entity
Jumlah sebelum kepentingan nonpengendali/ Total before noncontrolling interests
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
1 Januari - 31 Desember/1 January - 31 December 2010
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES
188 2af,40 5,317,363
13,371 3,046,452
82,339
-
-
-
-
-
-
-
-
-
189
Modal disetor lainnya/ Other paidup capital
1,985
-
-
-
-
(11)
* tidak diaudit
133,844
-
-
-
15,324
-
Cadangan umum dan wajib/ General and legal reserve
9,873,803
-
-
(766,300)
(15,324)
2,883,468
Saldo laba/ Retained earnings
18,449,787
95,710
-
(766,300)
-
3,284,301
Jumlah sebelum kepentingan nonpengendali/ Total before noncontrolling interests
159,241
-
8,500
(41,568)
-
99,899
Employee/management stock options exercised
Addition in non-contrrolling interest due to change of percentage of ownership
Distribution of cash dividends
Appropriation for general and legal reserve
Total comprehensive income for the year
18,609,028 Balance as at 31 December 2010
95,710
8,500
(807,868)
-
3,384,200
Jumlah ekuitas/ Total equity
unaudited *
The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.
(16,737)
-
-
-
-
16,030
Selisih transaksi perubahan ekuitas Anak Perusahaan/ Difference in transactions of changes in equity of Subsidiaries
LAMPIRAN – 3/4- SCHEDULE
92,888
-
-
-
-
384,814
(Kerugian)/keuntungan yang belum direalisasi atas efek-efek dan Obligasi Pemerintah dalam kelompok tersedia untuk dijual, bersih/Unrealised (losses)/gains of available for sale marketable securities and Government Bonds, net
Catatan atas laporan keuangan konsolidasian merupakan bagian tak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.
Saldo pada tanggal 31 Desember 2010
Opsi kepemilikan saham karyawan/ manajemen yang dieksekusi
-
-
Pembagian dividen tunai
Penambahan kepentingan non-pengendali akibat perubahan penyertaan
-
Pembentukan cadangan umum dan wajib 28,29 28
-
Modal saham/ Share capital
Jumlah laba komprehensif tahun berjalan
Catatan/ Notes
Tambahan modal disetor/ Additional paid-up capital
Selisih kurs karena penjabaran laporan keuangan/ Foreign exchange difference from translation of financial statements
Atribusi kepada pemilik entitas induk/Attributable to owners of the parent entity
Kepentingan nonpengendali/ Noncontrolling interests
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
1 Januari – 31 Desember/1 January – 31 December 2010 (lanjutan/continued)
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES
189 -
-
-
-
-
675,000
-
-
-
-
-
189
Modal disetor lainnya/ Other paidup capital
(870)
(870)
-
(870)
-
2,866
457,906
457,906
457,906
* tidak diaudit
-
-
(749,832)
(Kerugian)/keuntungan yang belum direalisasi atas efek-efek dan Obligasi Pemerintah dalam kelompok tersedia untuk dijual, bersih/Unrealised (losses)/gains of available for sale marketable securities and Government Bonds, net
-
-
-
-
-
103,220
Cadangan umum dan wajib/ General and legal reserve
1,532,533
-
-
-
1,532,533
6,989,413
Saldo laba/ Retained earnings
2,030,455
497,922
498,792
(870)
1,532,533
10,579,068
89,209
6,717
6,717
-
82,492
530,197
Kepentingan nonpengendali/ Noncontrolling interests
Balance as at 1 January 2009
Foreign exchange difference from translation of financial statements
Other comprehensive income, net of tax
Net income for the year
Total comprehensive income for the year
2,119,664
504,639
Total comprehensive income for the year
Total other comprehensive income
Unrealised gains of available for sale marketable securities and Government 505,509 Bonds, net
(870)
1,615,025
11,109,265
Jumlah ekuitas/ Total equity
unaudited *
The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.
40,886
40,886
40,886
-
-
(73,653)
Selisih transaksi perubahan ekuitas Anak Perusahaan/ Difference in transactions of changes in equity of Subsidiaries
LAMPIRAN – 3/5- SCHEDULE
Catatan atas laporan keuangan konsolidasian merupakan bagian tak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.
-
Jumlah laba komprehensif tahun berjalan
-
-
-
2c,2i
Keuntungan yang belum direalisasi atas efek-efek dan Obligasi Pemerintah dalam kelompok tersedia untuk dijual, bersih
-
3,631,865
Modal saham/ Share capital
Jumlah pendapatan komprehensif lain
2d
Selisih kurs karena penjabaran laporan keuangan
Pendapatan komprehensif lain, setelah pajak
Laba bersih tahun berjalan
Jumlah laba komprehensif tahun berjalan
Saldo pada tanggal 1 Januari 2009
Catatan/ Notes
Tambahan modal disetor/ Additional paid-up capital
Selisih kurs karena penjabaran laporan keuangan/ Foreign exchange difference from translation of financial statements
Atribusi kepada pemilik entitas induk/Attributable to owners of the parent entity
Jumlah sebelum kepentingan nonpengendali/ Total before noncontrolling interests
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
1 Januari – 31 Desember/1 January – 31 December 2009
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES
190 28
2af,40
Opsi kepemilikan saham karyawan/ manajemen yang dieksekusi 5,303,992
14,680
-
1,657,447
-
-
-
Modal saham/ Share capital
2,964,113
50,337
1,093
2,237,683
-
-
-
-
-
-
-
-
-
189
Modal disetor lainnya/ Other paidup capital
1,996
-
-
-
-
-
-
* tidak diaudit
118,520
-
-
-
-
-
15,300
Cadangan umum dan wajib/ General and legal reserve
7,741,634
-
-
-
-
(765,012)
(15,300)
Saldo laba/ Retained earnings
15,805,751
65,017
1,093
3,895,130
-
(765,012)
-
Jumlah sebelum kepentingan nonpengendali/ Total before noncontrolling interests
96,235
-
-
-
(395,671)
(127,500)
-
Employee/management stock options exercised
Compensation costs of employee/ management stock options
Shares from limited public offering with pre-emptive rights (Rights Issue) IV
Reduction in non-controlling interest due to change of percentage of ownership
Distribution of cash dividends
Appropriation for general and legal reserve
15,901,986 Balance as at 31 December 2009
65,017
1,093
3,895,130
(395,671)
(892,512)
-
Jumlah ekuitas/ Total equity
unaudited *
The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.
(32,767)
-
-
-
-
-
-
Selisih transaksi perubahan ekuitas Anak Perusahaan/ Difference in transactions of changes in equity of Subsidiaries
LAMPIRAN – 3/6- SCHEDULE
(291,926)
-
-
-
-
-
-
(Kerugian)/keuntungan yang belum direalisasi atas efek-efek dan Obligasi Pemerintah dalam kelompok tersedia untuk dijual, bersih/Unrealised (losses)/gains of available for sale marketable securities and Government Bonds, net
Catatan atas laporan keuangan konsolidasian merupakan bagian tak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.
Saldo pada tanggal 31 Desember 2009
2af,40
Beban kompensasi karyawan/ manajemen berbasis saham
Saham yang berasal dari penawaran umum terbatas dengan hak memesan efek terlebih dahulu (Rights Issue) IV 1b,2ah
Pengurangan kepentingan non-pengendali akibat perubahan penyertaan
Pembagian dividen tunai
Pembentukan cadangan umum dan wajib 28,29
Catatan/ Notes
Tambahan modal disetor/ Additional paid-up capital
Selisih kurs karena penjabaran laporan keuangan/ Foreign exchange difference from translation of financial statements
Atribusi kepada pemilik entitas induk/Attributable to owners of the parent entity
Kepentingan nonpengendali/ Noncontrolling interests
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
1 Januari – 31 Desember/1 January – 31 December 2009 (lanjutan/continued)
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
Catatan/ Notes
CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
31 Maret/March 2011 2010*
31 Desember/December 2010 2009 Cash flows from operating activities:
Arus kas dari kegiatan operasi: Pendapatan bunga, provisi dan komisi Penerimaan dari transaksi pembiayaan konsumen Pembayaran transaksi pembiayaan konsumen baru Pembayaran bunga, provisi dan komisi Pembayaran bunga obligasi Penerimaan dari kegiatan asuransi Pendapatan operasional lainnya Keuntungan/(kerugian) transaksi mata uang asing - bersih Pembayaran tantiem Beban operasional lainnya Beban non-operasional - bersih Arus kas sebelum perubahan dalam aset dan liabilitas operasi
3,231,569)
2,084,456)
10,631,713)
8,105,315)
(1,682,620)
(986,360)
(9,883,305)
(3,555,682)
(1,250,151)
(1,166,741)
(4,601,103)
(7,288,744)
(160,012) 144,766) 576,621)
(58,830) 95,485) 172,457)
(271,910) 609,545) 2,125,035)
(263,283) 350,143) 603,697)
6,599) -) (2,016,344) (152,064)
(62,945) -) (1,398,653) (73,564)
(63,930) (57,848) (5,719,629) (423,800)
220,117) (41,525) (5,121,105) (249,548)
1,058,849
1,089,501
(676,437)
5,121,492
Interest income, fees and commissions Receipts from consumer financing transactions Payments of new consumer financing transactions Payments of interest, fees and commissions Payments of interests on bonds issued Receipts from insurance operation Other operating income Gains/(losses) from foreign exchange transactions - net Payment of tantiem Other operating expenses Non-operating expenses - net Cash flows before changes in operating assets and liabilities Changes in operating assets and liabilities: (Increase)/Decrease in operating assets: Placements with other banks and Bank Indonesia - mature more than 3 months from the date of acquisition
2,360,485)
2,484,196)
6,978,795)
12,362,107)
Perubahan dalam aset dan liabilitas operasi: (Kenaikan)/penurunan aset operasi: Penempatan pada bank lain dan Bank Indonesia - jatuh tempo lebih dari 3 bulan sejak tanggal perolehan Efek-efek dan Obligasi Pemerintahdiperdagangkan Pinjaman yang diberikan Beban dibayar dimuka dan aset lain-lain Kenaikan/(penurunan) liabilitas operasi: Simpanan nasabah: - Giro - Tabungan - Deposito berjangka Simpanan dari bank lain Beban yang masih harus dibayar dan liabilitas lain-lain Pembayaran pajak penghasilan selama periode/tahun berjalan Kas bersih digunakan untuk kegiatan operasi
(399,001)
1,867,607
1,006,154
118,664
22. (3,960,574) (314,503)
(57,875) (1,429,838) (711,531)
139,300 (17,081,151) 1,223,699
281,172 1,202,308 (328,262)
Marketable securities and Government Bonds - trading Loans Prepayments and other assets
(35,778) 2,516,775 (8,021,335) (32,966)
Increase/(decrease) in operating liabilities: Deposits from customers: Current accounts Savings Time deposits Deposits from other banks
(1,478,283) (459,276) 3,268,565 407,801
173,813 198,532 (2,707,664) (246,093)
3,204,258 6,033,351 3,521,386 517,202
549,790
834,356
(259,307)
(310,262)
(1,055,195)
(1,205,726)
(1,585,917)
(1,299,454)
(2,962,519)
(435,778)
Catatan atas laporan keuangan konsolidasian merupakan bagian tak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.
204,914
(52,122)
Accruals and other liabilities Income tax paid during the period/year Net cash used in operating activities
The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.
* tidak diaudit
unaudited * LAMPIRAN – 4/1- SCHEDULE
191
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES LAPORAN ARUS KAS KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) Catatan/ Notes
CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
31 Maret/March 2011 2010*
31 Desember/December 2010 2009 Cash flows from investing activities:
Arus kas dari kegiatan investasi: Hasil penjualan efek-efek dan Obligasi Pemerintah - dimiliki hingga jatuh tempo dan tersedia untuk dijual Pembelian efek-efek dan Obligasi Pemerintah - dimiliki hingga jatuh tempo dan tersedia untuk dijual Tambahan penyertaan atas 20% kepemilikan saham Adira Dinamika Multi Finance (ADMF) Tambahan penyertaan atas 10% kepemilikan Saham Adira Quantum (AQ) Perolehan aset tetap dan perangkat lunak Hasil penjualan aset tetap Penerimaan hasil investasi Penempatan deposito Penerimaan dividen kas Hasil penjualan investasi dalam saham
15,16 16
6,968,598)
6,314,458)
2,461,773)
(1,324,743)
(6,853,585)
(1,636,257)
(34,809)
-)
-)
-)
(1,441,937)
-) (83,606) 14,578) 28,520) (337,134)
-) (47,749) 8,368 77,546 (1,936,347) 760)
-) (994,401) 63,135) 111,924) (348,559) 2,140)
(1,000) (356,454) 70,753) 97,649) (588,529) 3,241)
62,675)
-)
-)
Kas bersih diperoleh dari/(digunakan untuk) kegiatan investasi Arus kas dari kegiatan pendanaan: Kenaikan/(penurunan) efek yang dijual dengan janji dibeli kembali Pembayaran pokok obligasi Penerimaan dari penerbitan obligasi Pembayaran dividen kas Penerimaan pinjaman dalam rangka pembiayaan bersama Pembayaran pinjaman dalam rangka pembiayaan bersama Pembayaran pinjaman subordinasi Kenaikan/(penurunan) pinjaman yang diterima Hasil dari penawaran umum terbatas dengan hak memesan terlebih dahulu (Right Issue) IV Opsi kepemilikan saham oleh karyawan/ manajemen yang dieksekusi
2,911,438)
13
25
-)
1,209,053.
(1,782,409)
3,575,115)
210,687)
149) -) -) -)
1,422) -) -) -)
(964,243) (381,000) 4,628,353) (808,172)
(1,159,734) (570,000) 379,000 (892,335)
1,250,000)
327,000)
772,000)
1,008,333)
(25,000) -)
(352,000) -)
(947,000) -)
(879,167) (3,269,865)
493,188)
(178,362)
88,271)
(150,059)
Proceeds from sales of marketable securities and Government Bonds - held to maturity and available for sale Acquisition of marketable securities and Government Bonds - held to maturity and available for sale Additional investment in 20% ownership of Adira Dinamika Multi Finance (ADMF) shares Additional investment in 10% ownership of Adira Quantum (AQ) shares Acquisition of fixed assets and software Proceeds from sale of fixed assets Receipt from investment Placement in deposits Receipt of cash dividends Proceeds from sale of investment in shares Net cash provided by /(used in) iinvesting activities Cash flows from financing activities: Increase/(decrease) in securities sold under repurchase agreements Payments of principal on bonds issued Proceeds from bonds issuance Payments of cash dividends Proceeds from borrowings in relation to joint financing Repayment of borrowings in relation to joint financing Repayment of subordinated loans
-)
-)
-)
3,895,130)
2,122)
15,732)
95,710)
65,017)
Increase/(decrease) in borrowings Proceeds from limited public offeringwith pre-emptive rights (Right issue) IV Employee/management stock options exercised
Kas bersih diperoleh dari/(digunakan untuk) kegiatan pendanaan
1,720,459)
(186,208)
2,483,919)
(1,573,680)
Net cash provided by/(used in) financing activities
Kenaikan/(penurunan) bersih kas dan setara kas
1,343,595)
(3,268,071)
3,096,515)
(1,798,771)
Net increase/(decrease) in cash and cash equivalents
Kas dan setara kas pada awal periode/tahun
17,815,360)
14,718,845)
14,718,845)
16,517,616)
Cash and cash equivalents as at the beginning of period/year
Kas dan setara kas pada akhir periode/tahun
19,158,955
11,450,774)
17,815,360
14,718,845)
Cash and cash equivalents as at the ending of period/year
1,328,346) 5,864,250) 1,085,013)
1,528,728) 4,635,368) 1,391,605)
1,985,338) 5,274,888) 1,658,426)
9,241,644)
1,550,341)
8,797,337)
1,639,702) 19,158,955)
2,344,732) 11,450,774)
99,371) 17,815,360)
Kas dan setara kas terdiri dari: Kas Giro pada Bank Indonesia Giro pada bank lain Penempatan pada bank lain dan Bank Indonesia - jatuh tempo sampai dengan 3 bulan sejak tanggal perolehan Sertifikat Bank Indonesia - jatuh tempo sampai dengan 3 bulan sejak tanggal perolehan Jumlah kas dan setara kas
2b 4 5 6
Catatan atas laporan keuangan konsolidasian merupakan bagian tak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.
Cash and cash equivalents consist of: Cash Current accounts with Bank Indonesia Current accounts with other banks Placements with other banks and Bank Indonesia - mature within 3 months from the date of acquisition 3,068,729) Certificates of Bank Indonesia - mature within 3 months from the date of 3,788,098) acquisition 14,718,845) Total cash and cash equivalents 2,117,368) 3,820,180) 1,924,470)
The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.
* tidak diaudit
unaudited * LAMPIRAN – 4/2- SCHEDULE
192
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 1.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
UMUM a.
1.
Pendirian dan informasi umum Bank
GENERAL a.
Establishment and general information of the Bank
PT Bank Danamon Indonesia Tbk (“Bank”), berkedudukan di Jakarta, didirikan pada tanggal 16Juli 1956 berdasarkan akta notaris Meester Raden Soedja, S.H. No. 134. Akta pendirian ini disahkan oleh Menteri Kehakiman Republik Indonesia dengan Surat Keputusan No. J.A.5/40/8 tanggal 24 April 1957 dan telah diumumkan dalam Tambahan No. 664, pada Berita Negara Republik Indonesia No. 46 tanggal 7 Juni 1957.
PT Bank Danamon Indonesia Tbk (the “Bank”), domiciled in Jakarta, was established on 16 July 1956 based on a notarial deed No. 134 of Meester Raden Soedja, S.H. The deed of establishment was approved by the Minister of Justice of Republic of Indonesia in its decision letter No. J.A.5/40/8 dated 24 April 1957 and was published in Supplement No. 664 to the State Gazette of Republic of Indonesia No. 46 dated 7June 1957.
Bank memperoleh izin usaha sebagai bank umum, bank devisa dan bank yang melakukan kegiatan berdasarkan prinsip Syariah masing-masing berdasarkan surat keputusan Menteri Keuangan No. 161259/U.M.II tanggal 30 September 1958, surat keputusan Direksi Bank Indonesia (“BI”) No. 21/10/Dir/UPPS tanggal 5 Nopember 1988 dan Surat Direktorat Perizinan dan Informasi Perbankan No. 3/744/DPIP/Prz tanggal 31Desember 2001.
The Bank obtained a license as a commercial bank, a foreign exchange bank and a bank engaged in activities based on Sharia principles based on the decision letter No. 161259/U.M.II of the Minister of Finance dated 30 September 1958, the decision letter No. 21/10/Dir/UPPS of the Director of Bank Indonesia (“BI”) dated 5November 1988 and the letter of Directorate of Licensing and Banking Information No. 3/744/DPIP/Prz dated 31 December 2001, respectively.
Anggaran Dasar Bank telah mengalami beberapa kali perubahan, perubahan terakhir dilakukan sehubungan dengan (i) penyesuaian Anggaran Dasar Perseroan dengan Peraturan Bapepam-LK No.IX.J.1 tentang Pokok-Pokok Anggaran Dasar Perseroan yang melakukan penawaran umum efek bersifat ekuitas dan Perusahaan Publik melalui akta notaris No. 87 tanggal 31 Maret 2009, dibuat di hadapan P. Sutrisno A. Tampubolon, SH, Notaris di Jakarta yang telah diterima serta dicatat dalam Database Sistem Administrasi Badan Hukum Direktorat Jenderal Administrasi Hukum Umum Kementrian Hukum dan Hak Asasi Manusia Republik Indonesia No. AHU-AH.01.10-04281 tanggal 22 April 2009 dan pemberitahuan perubahan telah diterima oleh Kantor Pendaftaran Perusahaan Kotamadya Jakarta Selatan pada tanggal 2 Juli 2009, serta telah diumumkan di Berita Negara Republik Indonesia No. 52 Tambahan No. 506 tanggal 30 Juni 2009, dan (ii) pernyataan kembali seluruh pasal dalam Anggaran Dasar Perseroan melalui akta notaris No. 27 tanggal 30 Maret 2011, yang dibuat di hadapan P. Sutrisno A. Tampubolon, SH, Notaris di Jakarta. Penerimaan serta pencatatan dalam Database Sistem Administrasi Badan Hukum Direktorat Jenderal Administrasi Hukum Umum Kementrian
The Bank’s Articles of Association have been amended several times, the latest amendments was made in relation to (i) the adjustment to Bapepam-LK Regulation No.IX.J.1 regarding the Main Articles of Association for Companies that conduct equity securities public offering and Public Listed Company by notarial deed No. 87 dated 31 March 2009 of P. Sutrisno A. Tampubolon, SH, Notary in Jakarta, which has been received and registered in Sistem Administrasi Badan Hukum Database of Directorate General of Common Law Administration of the Ministry of Law and Human Rights of the Republic of Indonesia No. AHUAH.01.10-04281 dated 22 April 2009 and the notification of such amendment has been received by the Registration Office of South Jakarta district on 2 July 2009, and has also been published in Supplement No. 506 to the State Gazette of Republic of Indonesia No. 52 dated 30 June 2009, and (ii) the restatement of all articles in the Company’s Articles of Association by notarial deed No. 27 dated 30 March 2011 of P. Sutrisno A. Tampubolon, SH, Notary in Jakarta. The receipt and registration in Sistem Administrasi Badan Hukum Database of Directorate General of Common Law
* tidak diaudit
unaudited * LAMPIRAN – 5/1- SCHEDULE
193
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 1.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
UMUM (lanjutan) a.
1.
GENERAL (continued)
Pendirian dan informasi umum Bank (lanjutan)
a.
Establishment and general information of the Bank (continued)
Hukum dan Hak Asasi Manusia Republik Indonesia dan penerimaan pemberitahuan perubahan oleh Kantor Pendaftaran Perusahaan Kotamadya Jakarta Selatan masih dalam proses, serta (iii) penambahan modal ditempatkan dan disetor Bank dalam rangka Program Kompensasi Karyawan/Manajemen Berbasis Saham (“E/MSOP”) tanggal 31 Maret 2011 melalui Akta Perubahan Anggaran Dasar No. 6 tanggal 12 April 2011 dibuat di hadapan P. Sutrisno A. Tampubolon, SH., Notaris di Jakarta. Adapun penerimaan serta pencatatan dalam Database Sistem Administrasi Badan Hukum Direktorat Jenderal Administrasi Hukum Umum Kementrian Hukum dan Hak Asasi Manusia Republik Indonesia dan penerimaan pemberitahuan perubahan oleh Kantor Pendaftaran Perusahaan Kotamadya Jakarta Selatan masih dalam proses.
Administration of the Ministry of Law and Human Rights of the Republic of Indonesia and the receipt of notification by the Company Registration Office of South Jakarta district are still in process, and also (iii) the increase of issued and paid-up capital in conjunction with Employee/ Management Stock Option Program (“E/MSOP”) as at 31 March 2011 by Deed of change in Articles of Association No. 6 dated 12 April 2011 of P. Sutrisno A. Tampubolon, SH., Notary in Jakarta. The receipt and registration in Sistem Administrasi Badan Hukum Database of Directorate General of Common Law Administration of the Ministry of Law and Human Rights of the Republic of Indonesia and the receipt of notification by the Company Registration Office of South Jakarta district are still in process.
Sesuai dengan pasal 3 Anggaran Dasar Bank, ruang lingkup kegiatan Bank adalah menjalankan kegiatan usaha di bidang perbankan sesuai dengan undang-undang dan peraturan yang berlaku, dan melakukan kegiatan perbankan lainnya berdasarkan prinsip Syariah. Bank mulai melakukan kegiatan berdasarkan prinsip Syariah tersebut sejak tahun 2002.
According to article 3 of the Bank’s Articles of Association, the Bank’s scope of activities is to engage in general banking services in accordance with prevailing laws and regulations, and to engage in other banking activities based on Sharia principles. The Bank started its activities based on the Sharia principles since 2002.
Sejak Maret 2004, Bank mulai melakukan kegiatan usaha mikro dengan nama Danamon Simpan Pinjam.
Since March 2004, the Bank has started to engage in micro business under the name of Danamon Simpan Pinjam.
Kantor pusat Bank berlokasi di gedung Menara Bank Danamon, Jalan Prof. Dr. Satrio Kav. E4 No.6 Mega Kuningan, Jakarta. Pada tanggal 31 Maret 2011, Bank mempunyai cabang-cabang dan kantor-kantor pembantu sebagai berikut:
The Bank’s head office is located at Menara Bank Danamon building, Jalan Prof. Dr. Satrio Kav. E4 No. 6, Mega Kuningan, Jakarta. As at 31 March 2011, the Bank had the following branches and representative offices as follows:
Jumlah/Total* Kantor cabang domestik Kantor cabang pembantu domestik dan Danamon Simpan Pinjam Kantor cabang Syariah dan Pegadaian Kantor cabang luar negeri (Kepulauan Cayman)
80 1,392 21 1
*sesuai ijin BI
Domestic branches Domestic supporting branches and Danamon Simpan Pinjam Sharia and Pawnbroking branches Overseas branch (Cayman Islands) as approved by BI*
* tidak diaudit
unaudited * LAMPIRAN – 5/2- SCHEDULE
194
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
1.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
UMUM (lanjutan) a.
1.
Pendirian dan informasi umum Bank (lanjutan)
GENERAL (continued) a.
Seluruh kantor cabang, kantor cabang pembantu dan kantor cabang Syariah berlokasi di berbagai pusat bisnis yang tersebar di seluruh Indonesia. b.
Penawaran umum saham Bank
Establishment and general information of the Bank (continued) The branches, supporting branches, and Sharia offices are located in various major business centers throughout Indonesia.
b.
Public offering of the Bank’s shares
Pada tanggal 8 Desember 1989, berdasarkan Izin Menteri Keuangan No. SI-066/SHM/MK.10/1989 tertanggal 24 Oktober 1989, Bank melakukan Penawaran Umum Perdana atas 12.000.000 saham dengan nilai nominal Rp 1.000 per saham (nilai penuh). Pada tanggal 8 Desember 1989, seluruh saham ini telah dicatatkan di Bursa Efek Jakarta (sekarang bernama Bursa Efek Indonesia setelah digabungkan dengan Bursa Efek Surabaya).
On 8 December 1989, based on the license from the Minister of Finance No. SI066/SHM/MK.10/1989 dated 24 October 1989, the Bank undertook an Initial Public Offering (IPO) of 12,000,000 shares with par value of Rp 1,000 per share (full amount). On 8 December 1989, these shares were listed at the Jakarta Stock Exchange (now namely Indonesian Stock Exchange, after being merged with Surabaya Stock Exchange).
Setelah itu, Bank melakukan penambahan jumlah saham-saham terdaftar melalui saham bonus, Penawaran Umum Terbatas dengan Hak Memesan Efek Terlebih Dahulu (Rights Issue) I, II, III dan IV dan dalam rangka Program Kompensasi Karyawan/Manajemen Berbasis Saham (“E/MSOP”).
Subsequently, the Bank increased its listed shares through bonus shares, Limited Public Offerings with Pre-emptive Rights (Rights Issue) I, II, III and IV and through Employee/Management Stock Option Program (“E/MSOP”).
Bank menerima Surat Pemberitahuan Efektif No. S-2196/PM/1993 dari Bapepam-LK sehubungan dengan Penawaran Umum Terbatas I dengan Hak Memesan Efek Terlebih Dahulu pada tanggal 24 Desember 1993.
The Bank received Effective Letter No. S-2196/PM/1993 from Bapepam-LK in conjunction with Limited Public Offering I with Pre-emptive Rights on 24 December 1993.
Bank menerima Surat Pemberitahuan Efektif No. S-608/PM/1996 dari Bapepam-LK sehubungan dengan Penawaran Umum Terbatas II dengan Hak Memesan Efek Terlebih Dahulu pada tanggal 29 April 1996.
The Bank received Effective Letter No. S-608/PM/1996 from Bapepam-LK in conjunction with Limited Public Offering II with Pre-emptive Rights on 29 April 1996.
Bank menerima Surat Pemberitahuan Efektif No. S-429/PM/1999 dari Bapepam-LK sehubungan dengan Penawaran Umum Terbatas III dengan Hak Memesan Efek Terlebih Dahulu pada tanggal 29 Maret 1999.
The Bank received Effective Letter No. S-429/PM/1999 from Bapepam-LK in conjunction with Limited Public Offering III with Pre-emptive Rights on 29 March 1999.
Bank menerima Surat Pemberitahuan Efektif No. S-2093/BL/2009 dari Bapepam-LK sehubungan dengan Penawaran Umum Terbatas IV dengan Hak Memesan Efek Terlebih Dahulu pada tanggal 20 Maret 2009.
The Bank received Effective Letter No. S-2093/BL/2009 from Bapepam-LK in conjunction with Limited Public Offering IV with Pre-emptive Rights on 20 March 2009.
* tidak diaudit
unaudited * LAMPIRAN – 5/3- SCHEDULE
195
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
1.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
UMUM (lanjutan) b.
1.
Penawaran umum saham Bank (lanjutan)
GENERAL (continued) b.
Public offering (continued)
of
the
Bank’s
shares
Sesuai dengan akta notaris No. 32 tanggal 23 Maret 2009 yang dibuat di hadapan Fathiah Helmi, SH, Notaris di Jakarta, para pemegang saham Bank melalui Rapat Umum Pemegang Saham Luar Biasa (“RUPSLB”) pada tanggal 23 Maret 2009 telah menyetujui rencana untuk melakukan Penawaran Umum Terbatas dengan Hak Memesan Efek Terlebih Dahulu (Rights Issue) IV, dengan jumlah saham baru yang akan dikeluarkan oleh Bank sebanyak-banyaknya 3.328.206.411 saham seri B. Sesuai dengan Daftar Pemegang Saham pada tanggal 22 April 2009 yang merupakan tanggal penjatahan Rights Issue tersebut di atas, jumlah saham baru yang dikeluarkan dalam rangka Rights Issue IV adalah sebanyak 3.314.893.116 saham seri B.
In accordance with notarial deed No. 32 dated 23 March 2009 of Fathiah Helmi, SH, Notary in Jakarta, the Bank’s shareholders through the Extraordinary General Meeting of Shareholders (“EGMS”) dated 23 March 2009 approved the Bank’s plan to conduct the Limited Public Offering with pre-emptive rights (Rights Issue) IV, with the approved maximum new shares issued by the Bank of 3,328,206,411 B series shares. In accordance with the Shareholders Register dated 22 April 2009, an allotment date of the above Rights Issue, the total new shares issued in conjunction with Rights Issue IV was in amount of 3,314,893,116 B series shares.
Berikut adalah kronologis pencatatan saham Bank pada bursa efek di Indonesia sejak Penawaran Umum Perdana:
The chronological overview of the Bank’s issued shares on the stock exchanges in Indonesia since the Initial Public Offering was as follows:
Saham Seri A/ A Series Shares Saham yang berasal dari Penawaran Umum Perdana pada tahun 1989 Saham pendiri Saham bonus yang berasal dari kapitalisasi tambahan modal disetor - agio saham pada tahun 1992 Saham yang berasal dari Penawaran Umum Terbatas dengan Hak Memesan Efek Terlebih Dahulu (Rights Issue) I pada tahun 1993 Saham bonus yang berasal dari kapitalisasi tambahan modal disetor-agio saham pada tahun 1995 Saham yang berasal dari Penawaran Umum Terbatas dengan Hak Memesan Efek Terlebih Dahulu (Rights Issue) II pada tahun 1996 Saham pendiri pada tahun 1996 Saham yang berasal dari perubahan nilai nominal saham pada tahun 1997 Peningkatan nilai nominal saham menjadi Rp 10.000 (nilai penuh) per saham melalui pengurangan jumlah saham (reverse stock split) pada tahun 2001 Peningkatan nilai nominal saham menjadi Rp 50.000 (nilai penuh) per saham melalui pengurangan jumlah saham (reverse stock split) pada tahun 2003 Jumlah saham seri A pada tanggal 31 Maret 2011 (lihat Catatan 27)
12,000,000 22,400,000 34,400,000
Shares from Initial Public Offering in 1989 Founders’ shares Bonus shares from capitalisation of additional paid-up capital - capital paid in excess of par value in 1992
112,000,000
Shares from Limited Public Offering with Pre-emptive Rights (Rights Issue) I in 1993 Bonus shares from capitalisation of additional paid-up capital - capital paid in excess of par value in 1995
560,000,000 155,200,000
Shares from Limited Public Offering with Pre-emptive Rights (Rights Issue) II in 1996 Founders’ shares in 1996
224,000,000
1,120,000,000 2,240,000,000 : 20
112,000,000 :5
22,400,000 22,400,000
* tidak diaudit
Shares resulting from stock split in 1997 Increase in par value to Rp 10,000 (full amount) per share through reduction in total number of shares (reverse stock split) in 2001 Increase in par value to Rp 50,000 (full amount) per share through reduction in total number of shares (reverse stock split) in 2003 Total A series shares as at 31 March 2011 (see Note 27) unaudited *
LAMPIRAN – 5/4- SCHEDULE
196
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 1.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
UMUM (lanjutan) b.
1.
Penawaran umum saham Bank (lanjutan)
GENERAL (continued) b.
Public offering (continued)
of
the
Bank’s
shares
Saham Seri B/ B Series Shares Saham yang berasal dari Penawaran Umum Terbatas dengan Hak Memesan Efek Terlebih Dahulu (Rights Issue) III pada tahun 1999 Saham yang diterbitkan dalam rangka penggabungan usaha dengan PDFCI pada tahun 1999 Saham yang diterbitkan dalam rangka penggabungan usaha dengan Bank Tiara pada tahun 2000 Saham yang diterbitkan dalam rangka penggabungan usaha dengan 7 BTO* (Taken-Over Banks) lainnya pada tahun 2000 Peningkatan nilai nominal saham menjadi Rp 100 (nilai penuh) per saham melalui pengurangan jumlah saham (reverse stock split) pada tahun 2001 Peningkatan nilai nominal saham menjadi Rp 500 (nilai penuh) per saham melalui pengurangan jumlah saham (reverse stock split) pada tahun 2003 Saham yang berasal dari Penawaran Umum Terbatas dengan Hak Memesan Efek Terlebih Dahulu (Rights Issue) IV pada tahun 2009
Shares issued in connection with the Bank’s merger with the former PDFCI in 1999 Shares issued in connection with the Bank’s merger with Bank Tiara in 2000
45,375,000,000 35,557,200,000
Shares issued in connection with the Bank’s merger with 7 Taken-Over Banks* (BTOs) in 2000
192,480,000,000 488,452,200,000 : 20
4,884,522,000
Increase in par value to Rp 100 (full amount) per share through reduction in total number of shares (reverse stock split) in 2001 Increase in par value to Rp 500 (full amount) per share through reduction in total number of shares (reverse stock split) in 2003
3,314,893,116
Shares from Limited Public Offering with Pre-emptive Rights (Rights Issue) IV in 2009
13,972,000 24,863,000 87,315,900 13,057,800 29,359,300 26,742,350 718,000
Shares issued in connection with Employee/Management Stock Option Program (tranche I-III) (see Note 40): 2005 2006 2007 2008 2009 2010 2011 -
8,395,443,466
Total B series shares as at 31 March 2011 (see Note 27)
24,422,610,000 :5
Saham yang diterbitkan dalam rangka Program Kompensasi Karyawan/ Manajemen Berbasis Saham (tahap I-III) (lihat Catatan 40): - 2005 - 2006 - 2007 - 2008 - 2009 - 2010 - 2011 Jumlah saham seri B pada tanggal 31 Maret 2011 (lihat Catatan 27)
Shares from Limited Public Offering with Pre-emptive Rights (Rights Issue) III in 1999
215,040,000,000
* 7 BTO terdiri dari PT Bank Duta Tbk, PT Bank Rama Tbk, PT Bank Tamara Tbk, PT Bank Nusa Nasional Tbk, PT Bank Pos Nusantara, PT Jayabank International dan PT Bank Risjad Salim Internasional.
* 7 BTOs consist of PT Bank Duta Tbk, PT Bank Rama Tbk, PT Bank Tamara Tbk, PT Bank Nusa Nasional Tbk, PT Bank Pos Nusantara, PT Jayabank International and PT Bank Risjad Salim Internasional.
* tidak diaudit
unaudited * LAMPIRAN – 5/5- SCHEDULE
197
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
1.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
UMUM (lanjutan) c.
1.
Anak Perusahaan
GENERAL (continued) c.
Bank mempunyai kepemilikan langsung pada Anak Perusahaan sebagai berikut:
Nama perusahaan/ Company’s name
Kegiatan usaha/ Business activity
Domisili/ Domicile
Subsidiaries The Bank has a direct ownership interest in the following Subsidiaries:
Persentase kepemilikan/ Percentage of ownership 31 Maret/ 31 Desember/ March December 2009 2011 2010
Tahun beroperasi komersial/ Year commercial operations commenced
Jumlah aset/ Total assets 31 Maret/ 31 Desember/ March December 2011
2010
2009
1990
9,176,522
7,599,615
4,329,549
90%
1997
2,141,478
2,031,614
1,597,032
99%
2003
265,008
241,214
189,384
PT Adira Dinamika Multi Perusahaan Pembiayaan/ Finance Tbk Financing Company
Jakarta, Indonesia
95%
95%
95%
PT Asuransi Adira Dinamika
Perusahaan Asuransi/ Insurance Company
Jakarta, Indonesia
90%
90%
PT Adira Quantum Multifinance
Perusahaan Pembiayaan/ Financing Company
Jakarta, Indonesia
99%
99%
Pada tanggal 26 Januari 2004, Bank telah menandatangani Perjanjian Jual Beli Bersyarat (“PJBB”) untuk mengakuisisi 75% dari jumlah saham yang dikeluarkan PT Adira Dinamika Multi Finance Tbk (“ADMF”) dengan harga perolehan Rp 850.000. Akuisisi ini diselesaikan pada tanggal 7 April 2004. Sesuai dengan PJBB ini, Bank berhak atas 75% dari laba bersih ADMF sejak tanggal 1 Januari 2004.
On 26 January 2004, the Bank signed a Conditional Sale and Purchase Agreement (“CSPA”) to acquire 75% of the issued shares of PT Adira Dinamika Multi Finance Tbk (“ADMF”) with a purchase price of Rp 850,000. The closing date of this acquisition was on 7 April 2004. Based on the CSPA, the Bank is entitled to 75% of ADMF’s net income starting from 1 January 2004.
Rincian aset bersih yang diakuisisi dan goodwill pada tanggal akuisisi adalah sebagai berikut:
Details of net assets acquired and goodwill as at the acquisition date were as follows:
Jumlah aset
1,572,026
Jumlah liabilitas
Total assets
(1,241,411)
Aset bersih
Total liabilities
330,615
Net assets
Penyesuaian atas nilai wajar aset bersih karena pembayaran dividen
(125,000)
Nilai wajar aset bersih (100%)
205,615
Fair value of net assets (100%)
Harga perolehan
850,000
Purchase price
Nilai wajar aset bersih yang diakuisisi (75%)
Adjustment to fair value of net assets due to dividend distribution
(154,211)
Goodwill (Catatan 2r)
Fair value of net assets acquired (75%) Goodwill (Note 2r)
695,789
Berdasarkan PJBB, Bank juga memperoleh 90% hak kepemilikan atas perusahaan terafiliasi ADMF, PT Asuransi Adira Dinamika (“AI”) dan PT Adira Quantum Multifinance (“AQ”).
Based on the CSPA, the Bank is also entitled to 90% ownership of the affiliated companies of ADMF, PT Asuransi Adira Dinamika (“AI”) and PTAdira Quantum Multifinance (“AQ”).
* tidak diaudit
unaudited * LAMPIRAN – 5/6- SCHEDULE
198
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
1.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
UMUM (lanjutan) c.
1.
Anak Perusahaan (lanjutan)
GENERAL (continued) c.
Subsidiaries (continued)
Pada tanggal 26 Januari 2004, Bank juga telah menandatangani Perjanjian Call Option, yang terakhir diubah dengan “Fourth Amendment to the Amended and Restated Call Option Agreement” tertanggal 22 Desember 2006. Berdasarkan Perjanjian Call Option tersebut, Bank berhak untuk membeli sampai dengan 20%, dari jumlah saham yang dikeluarkan oleh ADMF pada harga tertentu yang telah disetujui. Call option ini jatuh tempo pada tanggal 30 April 2009. Pada tanggal 8 April 2009, Bank telah menandatangani “Extention to the Amended and Restated Call Option Agreement” yang memperpanjang jatuh tempo Call Option menjadi tanggal 31 Juli 2009. Pada tanggal penerbitan Call Option, Bank membayar premi sebesar Rp 186.875 atas call option ini.
On 26 January 2004, the Bank also signed a Call Option Agreement, most recently amended by the “Fourth Amendment to the Amended and Restated Call Option Agreement” dated 22 December 2006. Based on the Call Option Agreement, the Bank has a right to purchase up to 20%, of the remaining total issued shares of ADMF at an approved predetermined strike price. This call option expired on 30 April 2009. On 8 April 2009, the Bank signed “Extention to the Amended and Restated Call Option Agreement” which extends the Call Option expiry date to 31 July 2009. On the Call Option issuance date, the Bank paid a premium of Rp186,875 for this call option.
Pada tanggal 22 November 2005, BI memberikan persetujuan formal atas penyertaan modal pada ADMF dengan porsi kepemilikan saham sebesar 95%.
On 22 November 2005, BI gave a formal approval on the 95% ownership investment in ADMF.
Pada tanggal 9 Juli 2009, Bank telah mengeksekusi call option-nya untuk membeli 20% saham ADMF dengan nilai akuisisi sebesar Rp 1.628.812, dimana jumlah ini termasuk premi yang telah dibayar untuk call option sebesar Rp 186.875. Dengan demikian, sejak tanggal 9 Juli 2009, Bank telah memiliki 95% saham ADMF dan berhak atas tambahan 20% dari laba bersih ADMF sejak tanggal 1 Januari 2009.
On 9 July 2009, the Bank had executed its call option to buy 20% of ADMF’s shares with acquisition cost of Rp 1,628,812, in which this amount included the amount paid for call option of Rp 186,875. Therefore, since 9 July 2009, the Bank had owned 95% of ADMF’s shares and entitled for 20% addition of ADMF’s net profit since 1 January 2009.
Rincian aset bersih yang diakuisisi dan goodwill pada tanggal eksekusi adalah sebagai berikut:
Details of net assets acquired and goodwill as at the exercise date were as follow:
Jumlah aset
3,592,024
Jumlah liabilitas
Total assets
(1,642,021)
Nilai wajar aset bersih (100%)
1,950,003
Harga perolehan
1,628,812
Nilai wajar aset bersih yang diakuisisi (20%)
Total liabilities Fair value of net assets (100%) Purchase price
(390,000)
Goodwill (Catatan 2r)
Fair value of net assets acquired (20%) Goodwill (Note 2r)
1,238,812
Konsolidasi atas AI dan AQ telah dilakukan sejak April 2006 setelah diperolehnya surat persetujuan atas penyertaan modal dari BI.
Consolidation with AI and AQ had been performed starting April 2006 upon receiving a written approval for the investment from BI.
* tidak diaudit
unaudited * LAMPIRAN – 5/7- SCHEDULE
199
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
1.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
UMUM (lanjutan) c.
1.
Anak Perusahaan (lanjutan)
GENERAL (continued) c.
Subsidiaries (continued)
Pada tanggal 12 Desember 2007, penegasan perjanjian jual beli saham AQ sudah ditandatangani. Penegasan dan persetujuan atas transaksi tersebut dari Rapat Umum Pemegang Saham Tahunan (“RUPST”) AQ telah dimuat dalam Akta Pernyataan Keputusan Rapat No. 15 tanggal 13 Juni 2008 yang dibuat di hadapan Catherina Situmorang, SH, Notaris di Jakarta dan telah disetujui perubahannya oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat Keputusan No. AHU-AH.01.1018248 tanggal 18 Juli 2008.
On 12 December 2007, the confirmation of sales and purchase of shares agreement for AQ had been signed. Confirmation and approval for such transaction has been obtained from the Annual General Meeting of Shareholders (“AGMS”) of AQ as stipulated on Deed No. 15 dated 13 June 2008 of Catherina Situmorang, SH, Notary in Jakarta and its amendment has been approved by Ministry of Law and Human Rights of the Republic of Indonesia in a Decree Letter No. AHU-AH.01.10-18248 dated 18 July 2008.
BI dalam suratnya tertanggal 31 Desember 2008 telah menyetujui rencana Bank untuk meningkatkan porsi kepemilikan atas AQ dari 90% menjadi 99% dan melakukan penambahan modal disetor AQ menjadi Rp 100.000. Lebih lanjut, pada tanggal 23 April 2009, Bank dan ADMF telah menandatangani perjanjian jual beli saham dengan pemegang saham minoritas AQ dimana pemegang saham minoritas setuju untuk menjual, mengalihkan dan memindahkan 900 lembar dan 100 lembar saham setara dengan 9% dan 1% dari keseluruhan saham AQ kepada Bank dan ADMF yang telah dilaksanakan pada bulan Mei 2009. Dengan demikian, kepemilikan Bank dan ADMF atas AQ meningkat sebesar 10%. Penegasan dan persetujuan atas transaksi pengalihan dari RUPS AQ telah dimuat dalam Akta Pernyataan Keputusan Pemegang Saham No. 12 tanggal 15 Mei 2009 dibuat oleh P. Sutrisno A. Tampubolon, SH, Notaris di Jakarta, yang telah diterima serta dicatat dalam Database Sistem Administrasi Badan Hukum Direktorat Jenderal Administrasi Hukum Umum Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia No. AHU-AH.01.10-10739 tanggal 17 Juli 2009. Penambahan modal disetor AQ menjadi Rp 100.000 telah dimuat dalam Akta Penyataan Keputusan Pemegang Saham No. 29 tanggal 23 Juli 2009 dibuat oleh P. Sutrisno A. Tampubolon, SH, Notaris di Jakarta, dan telah disetujui perubahannya oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat Keputusan No. AHU-39039.AH.01.02 tanggal 13 Agustus 2009.
BI in its letter dated 31 December 2008 had approved the Bank’s plan to increase its ownership in AQ from 90% to 99% and increase AQ’s share capital to reach Rp 100,000. Further, on 23 April 2009, the Bank and ADMF entered into a sale and purchase of shares agreement with minority shareholders of AQ whereas minority shareholders agreed to sell, transfer and assign 900 shares and 100 shares constituting of 9% and 1% of total issued shares of AQ to the Bank and ADMF which have been executed in May 2009. As a result, the Bank and ADMF increased their ownership in AQ by 10%. Confirmation and approval for such transfer transaction has been obtained from EGMS of AQ stipulated on Deed No.12 dated 15 May 2009 by P. Sutrisno A. Tampubolon, SH, Notary in Jakarta, which was received and registered in Sistem Administrasi Badan Hukum Database of Directorate General of Common Law Administration of the Ministry of Law and Human Rights of the Republic of Indonesia No. AHUAH.01.10-10739 dated 17 July 2009. The increase in AQ’s share capital to reach Rp 100,000 was stipulated on Deed No. 29 dated 23 July 2009 by P. Sutrisno A. Tampubolon, SH, Notary in Jakarta, and its amendment has been approved by the Ministry of Law and Human Rights of the Republic of Indonesia in a Decree Letter No. AHU-39039.AH.01.02 dated 13 August 2009.
* tidak diaudit
unaudited * LAMPIRAN – 5/8- SCHEDULE
200
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
1.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
UMUM (lanjutan) c.
1.
Anak Perusahaan (lanjutan)
GENERAL (continued) c.
Subsidiaries (continued)
Menteri Keuangan (Bapepam-LK) dalam suratnya tanggal 30 Juni 2009 telah menyetujui perubahan kepemilikan saham AI dari PT Adira Dinamika Investindo ke Bank. Pada tanggal 9 Juli 2009, PT Adira Dinamika Investindo telah menandatangani perjanjian pengalihan 90% saham AI kepada Bank. Sehingga saat ini Bank telah memiliki 90% saham AI. Penegasan dan persetujuan atas transaksi pengalihan dari RUPSLB AI telah dimuat dalam Akta Berita Acara Rapat Umum Pemegang Saham Luar Biasa No. 8 tanggal 9 Juli 2009 yang dibuat oleh P. Sutrisno A. Tampubolon, SH, Notaris di Jakarta, yang telah diterima serta dicatat dalam Database Sistem Administrasi Badan Hukum Direktorat Jenderal Administrasi Hukum Umum Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia No.AHU-AH.01.10-12574 tanggal 7 Agustus 2009.
Ministry of Finance (Bapepam-LK) in its letter dated 30 June 2009 approved the change of ownership of AI’s shares from PT Adira Dinamika Investindo to the Bank. On 9 July 2009, PT Adira Dinamika Investindo signed transfer agreement of 90% AI’s shares to the Bank. Therefore, currently the Bank owns 90% of AI’s shares. Confirmation and approval for such transfer transaction was obtained from EGMS of AI as stipulated on Deed No. 8 dated 9 July 2009 by P. Sutrisno A. Tampubolon, SH, Notary in Jakarta, which was received and registered in Sistem Administrasi Badan Hukum Database of Directorate General of Common Law Administration of the Ministry of Law and Human Rights of the Republic of Indonesia No.AHU-AH.01.10-12574 dated 7 August 2009.
BI dalam suratnya tertanggal 14 Desember 2010 telah menyetujui rencana Bank untuk meningkatkan penyertaan modal AI dan melakukan penambahan modal disetor AI dari Rp 15.000 menjadi Rp 100.000. Penambahan modal disetor AI menjadi Rp 100.000 telah dimuat dalam Akta Pernyataan Keputusan Pemegang Saham No. 26 tanggal 21 Desember 2010 yang dibuat oleh Charlon Situmeang, SH, pengganti dari P. Sutrisno A. Tampubolon, SH, Notaris di Jakarta. Perubahan ini telah diterima oleh Menteri Hukum dan Hak Asasi Manusia dalam Surat Penerimaan Pemberitahuan Data Perseroan No.AHU-60063.AH.01.02 tanggal 27 Desember 2010.
BI in its letter dated 14 December 2010 had approved the Bank’s plan to increase its ownership in AI and increase AI’s share capital from Rp 15,000 to Rp 100,000. The increase in AI’s share capital to reach Rp 100,000 was stipulated on Deed No. 26 dated 21 December 2010 by Charlon Situmeang SH, replacement of P. Sutrisno A. Tampubolon, SH, Notary in Jakarta. This change was accepted by the Minister of Law and Human Rights in its Letter of Acceptance of the Announcement of changes in the Company’s Data No.AHU-60063.AH.01.02 dated 27 December 2010.
Konsolidasi AI dan AQ pada bulan April 2006 menyebabkan perubahan nilai penyertaan modal pada ADMF dan perubahan nilai buku goodwill seperti berikut ini:
Consolidation of AI and AQ in April 2006 caused a change in the investment amount in ADMF and change in net book value of goodwill as calculated below:
Perhitungan awal/Initial calculation ADMF saja/only Harga perolehan Nilai wajar aset bersih yang diakuisisi Goodwill (Catatan 2r)
Sesudah konsolidasi dengan AI dan AQ/ After consolidating AI and AQ ADMF
AI
AQ
Total
850,000
822,083
19,020
8,897
850,000
(154,211)
(154,211)
(19,020)
(8,897)
(182,128)
Purchase price Fair value of net assets acquired
695,789
667,872
667,872
Goodwill (Note 2r)
-
* tidak diaudit
-
unaudited * LAMPIRAN – 5/9- SCHEDULE
201
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
1.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
UMUM (lanjutan) c.
1.
Anak Perusahaan (lanjutan)
GENERAL (continued) c.
Bank merupakan bagian dari Asia Financial (Indonesia) Pte.Ltd., dimana pemegang saham akhir adalah Temasek Holding Pte.Ltd., sebuah perusahaan investasi yang berkedudukan di Singapura dan sepenuhnya dimiliki oleh Pemerintah Singapura. d.
Dewan Komisaris dan Direksi
The Bank is part of Asia Financial (Indonesia) Pte.Ltd., which the ultimate shareholder is Temasek Holding Pte.Ltd., an investment holding company based in Singapore which is wholly owned by the Government of Singapore.
d.
Pada tanggal 31 Maret 2011 dan 2010, 31 Desember 2010 dan 2009, susunan Dewan Komisaris dan Direksi Bank adalah sebagai berikut:
Subsidiaries (continued)
Board of Commissioners and Directors As at 31 March 2011 and 2010, 31 December 2010 and 2009, the composition of the Bank’s Board of Commissioners and Board of Directors was as follows:
31 Maret/March 2011 Komisaris Utama Wakil Komisaris Utama Komisaris Komisaris Komisaris Komisaris Komisaris Komisaris Direktur Utama Direktur Operasional dan Sumber Daya Manusia Direktur Perbankan Korporasi dan Usaha Kecil, Menengah dan Komersial Direktur Perbankan Syariah dan Gadai Emas Direktur Keuangan Direktur Bidang Risiko Direktur Teknologi dan Informasi
Bpk./Mr. Ng Kee Choe Bpk./Mr. Johanes Berchmans Kristiadi 1) Pudjosukanto Bpk./Mr. Milan Robert Shuster 1) Bpk./Mr. Harry Arief Soepardi Sukadis1) Bpk./Mr. Gan Chee Yen 1) Bpk./Mr. Manggi Taruna Habir Bpk./Mr. Ernest Wong Yuen Weng Bpk./Mr. Benedictus Raksaka Mahi 3) Bpk./Mr. Henry Ho Hon Cheong Bpk./Mr. Muliadi Rahardja
Bpk./Mr. Ali Rukmijah/Ali Yong Bpk./Mr. Herry Hykmanto Ibu/Ms. Vera Eve Lim Bpk./Mr. Satinder Pal Singh Ahluwalia Bpk./Mr. Kanchan Keshav Nijasure
Direktur Kepatuhan, Hukum dan Litigasi Direktur Tresuri dan Capital Market, Financial Institution dan Transaksi Perbankan Direktur Perbankan Retail dan Konsumer Direktur Usaha Perbankan Mikro
Ibu/Ms. Fransiska Oei Lan Siem
Bpk./Mr. Pradip Chhadva Ibu/Ms. Michellina Laksmi Triwardhany Bpk./Mr. Khoe Minhari Handikusuma
* tidak diaudit
4)
President Commissioner Vice President Commissioner Commissioner Commissioner Commissioner Commissioner Commissioner Commissioner President Director Operational and Human Resources Director Corporate Banking and Small Medium Enterprise and Commercial Director Sharia Banking and Gadai Emas Director Finance Director Integrated Risk Director Information and Technology Director Litigation, Legal and Compliance Director Treasury and Capital Market, Financial Institution and Banking Transaction Director Retail and Consumer Banking Director Micro Business Banking Director
unaudited * LAMPIRAN – 5/10- SCHEDULE
202
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
1.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
UMUM (lanjutan) d.
1.
Dewan Komisaris dan Direksi (lanjutan)
Komisaris Utama Wakil Komisaris Utama Komisaris Komisaris Komisaris Komisaris Komisaris Komisaris Direktur Utama Wakil Direktur Utama Direktur Operasional Direktur Bisnis Mikro Direktur Keuangan Direktur Bidang Risiko Direktur Syariah dan Transaksi Perbankan Direktur Teknologi dan Informasi Direktur Kepatuhan
Komisaris Utama Wakil Komisaris Utama Komisaris Komisaris Komisaris Komisaris Komisaris Direktur Utama Wakil Direktur Utama Direktur Operasional Direktur Bisnis Mikro Direktur Keuangan Direktur Bidang Risiko Direktur Syariah dan Transaksi Perbankan Direktur Teknologi dan Informasi Direktur Kepatuhan Direktur Tresuri dan Capital Market Direktur Perbankan Retail dan Konsumer
GENERAL (continued) d.
Board of (continued)
31 Maret/March 2010 Bpk./Mr. Ng Kee Choe Bpk./Mr. Johanes Berchmans Kristiadi 1) Pudjosukanto 1) Bpk./Mr. Milan Robert Shuster Bpk./Mr. Harry Arief Soepardi Sukadis 1) Bpk./Mr. Gan Chee Yen 6) Bpk./Mr. Liew Cheng San Victor 1) Bpk./Mr. Manggi Taruna Habir 2) Bpk./Mr. Krisna Wijaya Bpk./Mr. Juan Eugenio Sebastian 6) Paredes Muirragui 5) Bpk./Mr. Joseph Fellipus Peter Luhukay Bpk./Mr. Muliadi Rahardja Bpk./Mr. Ali Rukmijah/Ali Yong Ibu/Ms. Vera Eve Lim 6) Bpk./Mr. Sanjiv Malhotra Bpk./Mr. Herry Hykmanto Bpk./Mr. Kanchan Keshav Nijasure Ibu/Ms. Fransiska Oei Lan Siem 31 Desember/December 2010 Bpk./Mr. Ng Kee Choe Bpk./Mr. Johanes Berchmans Kristiadi 1) Pudjosukanto 1) Bpk./Mr. Milan Robert Shuster 1) Bpk./Mr. Harry Arief Soepardi Sukadis Bpk./Mr. Gan Chee Yen Bpk./Mr. Manggi Taruna Habir 1) Bpk./Mr. Ernest Wong Yuen Weng Bpk./Mr. Henry Ho Hon Cheong Bpk./Mr. Joseph Fellipus Peter Luhukay 5) Bpk./Mr. Muliadi Rahardja Bpk./Mr. Ali Rukmijah/Ali Yong Ibu/Ms. Vera Eve Lim Bpk./Mr. Satinder Pal Singh Ahluwalia Bpk./Mr. Herry Hykmanto Bpk./Mr. Kanchan Keshav Nijasure Ibu/Ms. Fransiska Oei Lan Siem Bpk./Mr. Pradip Chhadva Ibu/Ms. Michellina Laksmi Triwardhany
* tidak diaudit
Commissioners
and
Directors
President Commissioner Vice President Commissioner Commissioner Commissioner Commissioner Commissioner Commissioner Commissioner President Director Vice President Director Operation Director Micro Business Director Finance Director Integrated Risk Director Sharia and Transaction Banking Director Information and Technology Director Compliance Director
President Commissioner Vice President Commissioner Commissioner Commissioner Commissioner Commissioner Commissioner President Director Vice President Director Operational Director Micro Business Director Finance Director Integrated Risk Director Sharia and Banking Transaction Director Information and Technology Director Compliance Director Treasury and Capital Market Director Retail and Consumer Banking Director
unaudited * LAMPIRAN – 5/11- SCHEDULE
203
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
1.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
UMUM (lanjutan) d.
1.
Dewan Komisaris dan Direksi (lanjutan)
Komisaris Utama Wakil Komisaris Utama Komisaris Komisaris Komisaris Komisaris Komisaris Komisaris Direktur Utama Wakil Direktur Utama Direktur Operasional Direktur Bisnis Mikro Direktur Keuangan Direktur Bidang Risiko Direktur Syariah dan Transaksi Perbankan Direktur Teknologi dan Informasi Direktur Kepatuhan 1)
GENERAL (continued) d.
Board of (continued)
31 Desember/December 2009 Bpk./Mr. Ng Kee Choe Bpk./Mr. Johanes Berchmans Kristiadi 1) Pudjosukanto 1) Bpk./Mr. Milan Robert Shuster Bpk./Mr. Harry Arief Soepardi Sukadis 1) Bpk./Mr. Gan Chee Yen 6) Bpk./Mr. Liew Cheng San Victor 1) Bpk./Mr. Manggi Taruna Habir 2) Bpk./Mr. Krisna Wijaya Bpk./Mr. Juan Eugenio Sebastian Paredes 6) Muirragui Bpk./Mr. Joseph Fellipus Peter Luhukay 5) Bpk./Mr. Muliadi Rahardja Bpk./Mr. Ali Rukmijah/Ali Yong Ibu/Ms. Vera Eve Lim 6) Bpk./Mr. Sanjiv Malhotra Bpk./Mr. Herry Hykmanto Bpk./Mr. Kanchan Keshav Nijasure Ibu/Ms. Fransiska Oei Lan Siem
Commissioners
and
Directors
President Commissioner Vice President Commissioner Commissioner Commissioner Commissioner Commissioner Commissioner Commissioner President Director Vice President Director Operation Director Micro Business Director Finance Director Integrated Risk Director Sharia and Transaction Banking Director Information and Technology Director Compliance Director
Komisaris Independen.
1)
Independent Commissioner.
2)
Krisna Wijaya telah mengajukan pengunduran diri selaku Komisaris Bank pada tanggal 5 Juli 2010, dengan demikian, sesuai Peraturan Bapepam-LK No.IX.J.1 dan Anggaran Dasar Bank, pengunduran diri yang bersangkutan berlaku efektif sejak tanggal 4 September 2010.
2)
Krisna Wijaya proposed his resignation as the Bank’s Commissioner on 5 July 2010; therefore, pursuant with Bapepam-LK Regulation No.IX.J.1 and the Bank’s Articles of Association, his resignation was effective as of 4 September 2010.
3)
Benedictus Raksaka Mahi diangkat melalui Rapat Umum Pemegang Saham (RUPS) Tahunan tanggal 30 Maret 2011 dan akan efektif sejak memperoleh persetujuan Bank Indonesia.
3)
Benedictus Raksaka Mahi was appointed by the Annual General Meeting of Shareholders (Annual GMS) dated 30 March 2011 and will become effective upon obtaining Bank Indonesia’s approval.
4)
Khoe Minhari Handikusuma diangkat melalui RUPS Tahunan tanggal 30 Maret 2011 dan akan efektif sejak memperoleh persetujuan Bank Indonesia.
4)
Khoe Minhari Handikusuma was appointed by the Annual GMS dated 30 March 2011 and will become effective upon obtaining Bank Indonesia’s approval.
5)
RUPS Tahunan tanggal 30 Maret 2011 memutuskan untuk menerima baik surat dari Joseph Fellipus Peter Luhukay yang menyatakan permintaan untuk tidak mengangkat kembali dirinya sebagai Wakil Direktur Utama.
5)
Annual GMS dated 30 March 2011 decided to accept a letter from Joseph Fellipus Peter Luhukay which requested not to reappoint him as Vice President Director.
6)
RUPS Tahunan tanggal 29 April 2010 memutuskan untuk menerima baik pengunduran diri Juan Eugenio Sebastian Paredes Muirragui selaku Direktur Utama, pengunduran diri Sanjiv Malhotra selaku Direktur dan pengunduran diri Liew Cheng San Victor selaku Komisaris.
6)
Annual GMS dated 29 April 2010 decided to approve the resignation of Juan Eugenio Sebastian Paredes Muirragui as President Director, resignation of Sanjiv Malhotra as Director and resignation of Liew Cheng San Victor as Commissioner.
* tidak diaudit
unaudited * LAMPIRAN – 5/12- SCHEDULE
204
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
1.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
UMUM (lanjutan) d.
1.
Dewan Komisaris dan Direksi (lanjutan)
GENERAL (continued) d.
Pada tanggal 31 Maret 2011, Bank dan Anak Perusahaan mempunyai 37.266 karyawan tetap dan 26.866 karyawan tidak tetap, termasuk 8.338 karyawan outsource (31 Maret 2010: 32.547 karyawan tetap dan 20.431 karyawan tidak tetap, termasuk 8.191 karyawan outsource; 31 Desember 2010: 36.431 karyawan tetap dan 25.159 karyawan tidak tetap, termasuk 8.188 karyawan outsource; 31 Desember 2009: 32.870 karyawan tetap dan 17.987 karyawan tidak tetap, termasuk 9.242 karyawan outsource).
e.
Dewan Pengawas Syariah dan Komite-komite Dewan Komisaris
Board of (continued)
Commissioners
and
Directors
As at 31 March 2011, the Bank and Subsidiaries had 37,266 permanent employees and 26,866 non-permanent employees, including 8,338 outsource employees (31 March 2010: 32,547 permanent employees and 20,431 nonpermanent employees, including 8,191 outsource employees; 31 December 2010: 36,431 permanent employees and 25,159 nonpermanent employees, including 8,188 outsource employees; 31 December 2009: 32,870 permanent employees and 17,987 nonpermanent employees, including 9,242 outsource employees). e.
Sharia Supervisory Board and Board of Commissioners’ Committees
Dewan Pengawas Syariah dibentuk pertama kali pada tanggal 1 Pebruari 2002, dengan masa jabatan mengikuti masa jabatan Dewan Komisaris yang berjalan pada saat itu. Melalui RUPS Tahunan tanggal 30 Maret 2011, Pemegang saham Bank telah menyetujui perpanjangan masa jabatan anggota Dewan Pengawas Syariah yang akan berakhir pada saat pelaksanaan RUPS Tahunan pada tahun 2014.
The Sharia Supervisory Board was initially formed on 1 February 2002 with the same term office as the incumbent Board of Commissioners. Through the Annual GMS dated 30 March 2011, the Bank’s Shareholders agreed to extend the official term member of Sharia Supervisory Board which will expire at the Annual GMS in the year of 2014.
Dengan demikian, susunan Dewan Pengawas Syariah pada tanggal 31 Maret 2011 dan 31 Desember 2010 adalah sebagai berikut:
Therefore, the Composition of Sharia Supervisory Board as at 31 March 2011 and 31 December 2010 was as follows:
Ketua Anggota Anggota 1)
Bpk./Mr. Prof. DR. M. Din Syamsuddin, MA. Bpk./Mr. Drs Hasanuddin, M.Ag Bpk./Mr. Drs.H.Karnaen A. Perwataatmadja, MPA.FIIS. 1)
Drs. H. Karnaen A. Perwataatmadja, MPA. FIIS menggantikan kedudukan Ir.H.Adiwarman A Karim, SE MBA, melalui RUPS Tahunan tanggal 29 April 2010, berdasarkan rekomendasi dari Dewan Syariah Nasional MUI No.U-107DSN-MUI/IV/2010 tanggal 1 April 2010 dan telah memperoleh persetujuan Bank Indonesia melalui surat No.12/631/DPbS tanggal 4 Mei 2010.
Susunan Dewan Pengawas Syariah pada tanggal 31 Maret 2010 dan 31 Desember 2009 adalah sebagai berikut: Ketua Anggota Anggota
1)
Chairman Member Member
Drs. H. Karnaen A. Perwataatmadja, MPA. FIIS replacing Ir.H.Adiwarman A Karim, SE MBA, as resolved by the Annual GMS dated 29 April 2010, in accordance with recommendation of Dewan Syariah Nasional MUI No.U-107DSN-MUI/IV/2010 dated 1 April 2010 and has been approved by Bank Indonesia by letter No.12/631/DPbS dated 4 May 2010.
The composition of Sharia Supervisory Board as at 31 March 2010 and 31 December 2009 was as follows:
Bpk./Mr. Prof. DR. M. Din Syamsuddin, MA. Bpk./Mr. Drs Hasanuddin, M.Ag Bpk./Mr. Ir.H.Adiwarman A Karim, SE MBA
* tidak diaudit
Chairman Member Member
unaudited * LAMPIRAN – 5/13- SCHEDULE
205
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
1.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
UMUM (lanjutan) e.
1.
Dewan Pengawas Syariah dan Komite-komite Dewan Komisaris (lanjutan)
GENERAL (continued) e.
Sharia Supervisory Board and Board of Commissioners’ Committees (continued)
Komite Audit dibentuk berdasarkan Peraturan Bapepam-LK No. IX.1.5 dan Peraturan BI No. 8/4/PBI/2006 tanggal 30 Januari 2006 dan No. 8/14/PBI/2006 tanggal 5 Oktober 2006 tentang pelaksanaan Good Corporate Governance bagi Bank Umum.
Audit Committee was appointed based on Bapepam-LK Regulation No. IX.1.5 and BI Regulation No. 8/4/PBI/2006 dated 30 January 2006 and No. 8/14/PBI/2006 dated 5 October 2006 regarding Good Corporate Governance for Commercial Bank.
Untuk memenuhi ketentuan Bapepam-LK dan BI, Dewan Komisaris telah membentuk Komite Audit.
In order to comply with Bapepam-LK and BI regulations, Board of Commissioners has formed Audit Committee.
Sehubungan dengan masa jabatan para anggota Dewan Komisaris dan para anggota Komite Audit telah berakhir pada saat pelaksanaan RUPS Tahunan pada tahun 2011 dan karena 2 anggota Komite Audit telah menjabat selama 2 kali masa jabatan secara berturut-turut, maka dengan merujuk Sirkuler Resolusi Dewan Komisaris sebagai Pengganti Keputusan yang Diambil dalam Rapat Dewan Komisaris PT Bank Danamon Indonesia Tbk No.KSR-Kom.Corp.Sec-018 tanggal 30 Maret 2011, susunan anggota Komite Audit pada tanggal 31 Maret 2011 adalah sebagai berikut:
Term offices of incumbent members of the Board of Commissioners and members of the Audit Committee have expired at the 2011 Annual GMS and because 2 members of the Audit Committee have consecutively served for two terms; therefore, referring to the Circular Resolutions of the Board of Commissioners in lieu of the Resolutions adopted at a Meeting of the Board of Commissioners of PT Bank Danamon Indonesia Tbk No.KSR-Kom.Corp.Sec-018 dated 30 March 2011, the composition of the Audit Committee as at 31 March 2011 was as follows:
Ketua Anggota Anggota Anggota Anggota (Pihak Independen) Anggota (Pihak Independen)
31 Maret/March 2011 Bpk./Mr. Milan Robert Shuster Bpk./Mr. Gan Chee Yen Bpk./Mr. Ernest Wong Yuen Weng Bpk./Mr. JB Kristiadi Bpk./Mr. Amir Abadi Jusuf Bpk./Mr. Felix Oentoeng Soebagjo
Susunan anggota Komite Audit pada tanggal 31 Desember 2010 adalah sebagai berikut:
Ketua Anggota Anggota Anggota Anggota (Pihak Independen) Anggota (Pihak Independen)
Chairman Member Member Member Member (Independent Party) Member (Independent Party)
The composition of Audit Committee as at 31 December 2010 was as follows:
31 Desember/December 2010 Bpk./Mr. Manggi Taruna Habir Bpk./Mr. Gan Chee Yen Bpk./Mr. Ernest Wong Yuen Weng Bpk./Mr. Harry Arief Soepardi Sukadis Bpk./Mr. Amir Abadi Jusuf Bpk./Mr. Felix Oentoeng Soebagjo
* tidak diaudit
Chairman Member Member Member Member (Independent Party) Member (Independent Party)
unaudited * LAMPIRAN – 5/14- SCHEDULE
206
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 1.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
UMUM (lanjutan) e.
1.
Dewan Pengawas Syariah dan Komite-komite Dewan Komisaris (lanjutan) Susunan anggota Komite Audit pada tanggal 31 Maret 2010 dan 31 Desember 2009 adalah sebagai berikut:
Ketua Anggota Anggota Anggota Anggota (Pihak Independen) Anggota (Pihak Independen)
GENERAL (continued) e.
Sharia Supervisory Board and Board of Commissioners’ Committees (continued) The composition of Audit Committee as at 31 March 2010 and 31 December 2009 was as follows:
31 Maret/March 2010 31 Desember/December 2009 Bpk./Mr. Manggi Taruna Habir Bpk./Mr. Liew Cheng San Victor Bpk./Mr. Gan Chee Yen Bpk./Mr. Harry Arief Soepardi Sukadis Bpk./Mr. Amir Abadi Jusuf Bpk./Mr. Felix Oentoeng Soebagjo
Chairman Member Member Member Member (Independent Party) Member (Independent Party)
Komite Pemantau Risiko dibentuk berdasarkan Peraturan BI No. 5/8/PBI/2003 tanggal 19 Mei 2003, No. 8/4/PBI/2006 tanggal 30 Januari 2006, No. 8/14/PBI/2006 tanggal 5 Oktober 2006 dan Surat Edaran Bank Indonesia No. 5/21/DPNP tanggal 29 September 2003.
Risk Monitoring Committee was appointed based on BI Regulation No. 5/8/PBI/2003 dated 19 May 2003, No. 8/4/PBI/2006 dated 30 January 2006, No. 8/14/PBI/2006 dated 5 October 2006 and Bank Indonesia Circular Letter No. 5/21/DPNP dated 29 September 2003.
Sesuai dengan Surat Keputusan Direksi PT Bank Danamon Indonesia Tbk No.KEP.DIR.CORP. SEC.-006 tanggal 30 Maret 2011, susunan Komite Pemantau Risiko pada tanggal 31 Maret 2011 adalah sebagai berikut:
Based on Director Decision Letter of PT Bank Danamon Indonesia Tbk No. KEP.DIR.CORP. SEC.-006 dated 30 Maret 2011, the composition of the Risk Monitoring Committee as at 31 March 2011 was as follows:
Ketua Anggota Anggota Anggota Anggota Anggota (Pihak Independen) Anggota (Pihak Independen)
31 Maret/March 2011 Bpk./Mr. Manggi Taruna Habir Bpk./Mr. Harry Arief Soepardi Sukadis Bpk./Mr. Milan Robert Shuster Bpk./Mr. Ernest Wong Yuen Weng Bpk./Mr. Gan Chee Yen Bpk./Mr. Amir Abadi Jusuf Bpk./Mr. Felix Oentoeng Soebagjo
Sesuai dengan Surat Keputusan Direksi PT Bank Danamon Indonesia Tbk No.KEP.DIR.CORP. SEC.-009 tanggal 28 April 2010 yang berlaku efektif sejak tanggal 14 September 2010, susunan Komite Pemantau Risiko pada tanggal 31 Desember 2010 adalah sebagai berikut:
Ketua Anggota Anggota Anggota Anggota Anggota (Pihak Independen) Anggota (Pihak Independen)
Chairman Member Member Member Member Member (Independent party) Member (Independent party)
Based on Director Decision Letter of PT Bank Danamon Indonesia Tbk No.KEP.DIR.CORP. SEC.-009 dated 28 April 2010 which became effective starting on 14 September 2010, the composition of Risk Monitoring Committee as at 31 December 2010 was as follows:
31 Desember/December 2010 Bpk./Mr. Milan Robert Shuster Bpk./Mr. Ernest Wong Yuen Weng Bpk./Mr. Harry Arief Soepardi Sukadis Bpk./Mr. Manggi Taruna Habir Bpk./Mr. Gan Chee Yen Bpk./Mr. Amir Abadi Jusuf Bpk./Mr. Felix Oentoeng Soebagjo
* tidak diaudit
Chairman Member Member Member Member Member (Independent party) Member (Independent party)
unaudited * LAMPIRAN – 5/15- SCHEDULE
207
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
1.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
UMUM (lanjutan) e.
1.
Dewan Pengawas Syariah dan Komite-komite Dewan Komisaris (lanjutan) Sesuai dengan Surat Keputusan Direksi PT Bank Danamon Indonesia Tbk No.KEP.DIR.CORP. SEC.-017 tanggal 10 September 2008, susunan Komite Pemantau Risiko pada tanggal 31 Maret 2010 dan 31 Desember 2009 adalah sebagai berikut:
Ketua Anggota Anggota Anggota Anggota Anggota Anggota (Pihak Independen) Anggota (Pihak Independen)
GENERAL (continued) e.
Sharia Supervisory Board and Board of Commissioners’ Committees (continued) Based on Director Decision Letter of PT Bank Danamon Indonesia Tbk No.KEP.DIR.CORP. SEC.-017 dated 10 September 2008, the composition of Risk Monitoring Committee as at 31 March 2010 and 31 December 2009 was as follows:
31 Maret/March 2010 31 Desember/December 2009 Bpk./Mr. Milan Robert Shuster Bpk./Mr. Liew Cheng San Victor Bpk./Mr. Harry Arief Soepardi Sukadis Bpk./Mr. Manggi Taruna Habir Bpk./Mr. Gan Chee Yen Bpk./Mr. Krisna Wijaya Bpk./Mr. Amir Abadi Jusuf Bpk./Mr. Felix Oentoeng Soebagjo
Chairman Member Member Member Member Member Member (Independent party) Member (Independent party)
Komite Nominasi dan Remunerasi dibentuk berdasarkan Peraturan BI No. 8/4/PBI/2006 tanggal 30 Januari 2006 dan No. 8/14/PBI/2006 tanggal 5 Oktober 2006.
Nomination and Remuneration Committee was appointed based on BI Regulation No. 8/4/PBI/2006 dated 30 January 2006 and No. 8/14/PBI/2006 dated 5 October 2006.
Berdasarkan Surat Keputusan Direksi PT Bank Danamon Indonesia Tbk No.KEP.DIR.CORP. SEC.-006 tanggal 30 Maret 2011, susunan Komite Nominasi dan Remunerasi pada tanggal 31 Maret 2011 adalah sebagai berikut:
Based on Director Decision Letter of PT Bank Danamon Indonesia Tbk No.KEP.DIR.CORP. SEC.-006 dated 30 March 2011, the composition of the Nomination and Remuneration Committee as at 31 March 2011 was as follows:
Ketua Anggota Anggota Anggota Anggota Anggota (eksekutif)
31 Maret/March 2011 Bpk./Mr. Johanes Berchmans Kristiadi Pudjosukanto Bpk./Mr. Ng Kee Choe Bpk./Mr. Milan Robert Shuster Bpk./Mr. Harry Arief Soepardi Sukadis Bpk./Mr. Gan Chee Yen Ibu/Ms. Maria Theodora
* tidak diaudit
Chairman Member Member Member Member Member (executive)
unaudited * LAMPIRAN – 5/16- SCHEDULE
208
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 1.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
UMUM (lanjutan) e.
1.
Dewan Pengawas Syariah dan Komite-komite Dewan Komisaris (lanjutan) Berdasarkan Surat Keputusan Direksi PT Bank Danamon Indonesia Tbk No.KEP.DIR.CORP. SEC.-009 tanggal 28 April 2010 yang berlaku efektif sejak tanggal 14 September 2010, susunan Komite Nominasi dan Remunerasi pada tanggal 31 Desember 2010 adalah sebagai berikut:
Ketua Anggota Anggota Anggota Anggota Anggota (eksekutif)
Anggota Anggota Anggota Anggota (eksekutif)
Anggota
Sharia Supervisory Board and Board of Commissioners’ Committees (continued) Based on Director Decision Letter of PT Bank Danamon Indonesia Tbk No.KEP.DIR.CORP. SEC.-009 dated 28 April 2010 which became effective starting on 14 September 2010, the composition of Nomination and Remuneration Committee as at 31 December 2010 was as follows:
Member Member Member Member Member (executive)
Chairman Member Member Member Member (executive)
Based on Director Decision Letter of PT Bank Danamon Indonesia Tbk No.KEP.DIR.CORP. SEC.-006 dated 30 March 2011, composition of the Corporate Governance Committee as at 31 March 2011 was as follows:
31 Maret/March 2011 Bpk./Mr. Manggi Taruna Habir Bpk./Mr. Johanes Berchmans Kristiadi Pudjosukanto Bpk./Mr. Benedictus Raksaka Mahi
Berdasarkan Surat Keputusan Direksi PT Bank Danamon Indonesia Tbk No.KEP.DIR.CORP. SEC.-009 tanggal 28 April 2010 yang berlaku efektif sejak tanggal 14 September 2010, susunan Komite Corporate Governance pada tanggal 31 Desember 2010 adalah sebagai berikut:
Chairman
Based on Director Decision Letter of PT Bank Danamon Indonesia Tbk No.KEP.DIR.CORP. SEC.-005 dated 16 January 2007, the composition of Nomination and Remuneration Committee as at 31 March 2010 and 31 December 2009 was as follows:
31 Maret/March 2010 31 Desember/December 2009 Bpk./Mr. Johanes Berchmans Kristiadi Pudjosukanto Bpk./Mr. Ng Kee Choe Bpk./Mr. Milan Robert Shuster Bpk./Mr. Harry Arief Soepardi Sukadis Ibu/Ms. Maria Theodora
Berdasarkan Surat Keputusan Direksi PT Bank Danamon Indonesia Tbk No.KEP.DIR.CORP. SEC.-006 tanggal 30 Maret 2011, susunan Komite Corporate Governance pada tanggal 31 Maret 2011 adalah sebagai berikut:
Ketua Anggota
e.
31 Desember/December 2010 Bpk./Mr. Johanes Berchmans Kristiadi Pudjosukanto Bpk./Mr. Ng Kee Choe Bpk./Mr. Milan Robert Shuster Bpk./Mr. Harry Arief Soepardi Sukadis Bpk./Mr. Gan Chee Yen Ibu/Ms. Maria Theodora
Berdasarkan Surat Keputusan Direksi PT Bank Danamon Indonesia Tbk No.KEP.DIR.CORP. SEC.-005 tanggal 16 Januari 2007, susunan Komite Nominasi dan Remunerasi pada tanggal 31 Maret 2010 dan 31 Desember 2009 adalah sebagai berikut:
Ketua
GENERAL (continued)
Chairman Member Member
Based on Director Decision Letter of PT Bank Danamon Indonesia Tbk No.KEP.DIR.CORP. SEC.-009 dated 28 April 2010 which became effective starting on 14 September 2010, the composition of Corporate Governance Committee as at 31 December 2010 was as follows:
* tidak diaudit
unaudited * LAMPIRAN – 5/17- SCHEDULE
209
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 1.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
UMUM (lanjutan) e.
1.
Dewan Pengawas Syariah dan Komite-komite Dewan Komisaris (lanjutan)
Ketua Anggota
GENERAL (continued) e.
31 Desember/December 2010 Bpk./Mr. Manggi Taruna Habir Bpk./Mr. Johanes Berchmans Kristiadi Pudjosukanto
Berdasarkan Surat Keputusan Direksi PT Bank Danamon Indonesia Tbk No.KEP.DIR CORP.SEC.-006 tanggal 16 Januari 2007, susunan Komite Corporate Governance pada tanggal 31 Maret 2010 dan 31 Desember 2009 adalah sebagai berikut:
Ketua Anggota Anggota
Chairman Member
Based on Director Decision Letter of PT Bank Danamon Indonesia Tbk No.KEP.DIR CORP.SEC.-006 dated 16 January 2007, the composition of Corporate Governance Committee as at 31 March 2010 and 31 December 2009 was as follows:
31 Maret/March 2010 31 Desember/December 2009 Bpk./Mr. Manggi Taruna Habir Bpk./Mr. Johanes Berchmans Kristiadi Pudjosukanto Bpk./Mr. Gan Chee Yen
f. (Laporan keuangan konsolidasian Bank dan Anak Perusahaan diotorisasi untuk terbit oleh Direksi pada tanggal 29 April 2011, yang diterbitkan kembali pada tanggal 28 Juni 2011, dengan penambahan penyajian komparatif laporan posisi keuangan konsolidasian tanggal 31 Desember 2009 dan 1 Januari 2009/31 Desember 2008 serta laporan laba rugi konsolidasian, laporan laba rugi komprehensif konsolidasian, laporan perubahan ekuitas konsolidasian, dan laporan arus kas konsolidasian untuk tahun yang berakhir pada tanggal 31 Desember 2010 dan 2009. 2.
Sharia Supervisory Board and Board of Commissioners’ Committees (continued)
IKHTISAR KEBIJAKAN AKUNTANSI PENTING
f.
2.
Chairman Member Member
The consolidated financial statements of the Bank and Subsidiaries were authorized for issue by the Board of Directors on 29 April 2011, which was reissued on 28 June 2011, with additional comparative consolidated statements of financial position as of 31 December 2009 and 1 January 2009/31 December 2008, and consolidated statements of income, consolidated statements of comprehensive income, consolidated statements of changes in equity, and consolidated statements of cash flows for the years ended 31 December 2010 and 2009.
SUMMARY POLICIES
OF
SIGNIFICANT
ACCOUNTING
Kebijakan akuntansi yang diterapkan dalam penyusunan laporan keuangan interim konsolidasian adalah selaras dengan kebijakan akuntansi yang diterapkan dalam penyusunan laporan keuangan konsolidasian Bank dan Anak Perusahaan untuk tahun yang berakhir pada tanggal 31 Desember 2010, kecuali bagi penerapan beberapa SAK yang telah direvisi efektif sejak tanggal 1 Januari 2011 seperti yang telah diungkapkan pada Catatan 2ak.
The accounting policies adopted in the preparation of the interim consolidated financial statements are consistent with those made in the preparation of the consolidated financial statements of the Bank and Subsidiaries for the year ended December 31, 2010, except for the adoption of several amended SAKs effective 1 January 2011 as disclosed in Note 2ak.
Kebijakan akuntansi yang penting, yang diterapkan dalam penyusunan laporan keuangan konsolidasian Bank dan Anak Perusahaan untuk periode tiga bulan yang berakhir tanggal 31 Maret 2011 dan 2010 dan tahun yang berakhir tanggal 31 Desember 2010 dan 2009 adalah sebagai berikut:
The significant accounting policies, applied in the preparation of the consolidated financial statements of the Bank and Subsidiaries for the three-month periods ended 31 March 2011 and 2010 and years ended 31 December 2010 and 2009 were as follows:
* tidak diaudit
unaudited * LAMPIRAN – 5/18- SCHEDULE
210
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR KEBIJAKAN AKUNTANSI (lanjutan) a.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
Pernyataan Kepatuhan
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) a.
Laporan keuangan konsolidasian untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 dan 2010 dan tahun yang berakhir pada tanggal 31 Desember 2010 dan 2009 disusun sesuai dengan Standar Akuntansi Keuangan di Indonesia, yang mencakup Peraturan Badan Pengawas Pasar Modal (Bapepam) No. VIII.G.7 tentang Pedoman Penyajian Laporan Keuangan yang terdapat dalam Lampiran Keputusan Ketua Bapepam No. KEP-06/PM/2000 tanggal 13 Maret 2000 dan perubahannya, Keputusan Ketua Bapepam - LK No. KEP-554/BL/2010 tanggal 30 Desember 2010.
b.
Dasar penyusunan konsolidasian
laporan
keuangan
ACCOUNTING
Statement of Compliance The consolidated financial statements for the three-month periods ended 31 March 2011 and 2010 and years ended 31 December 2010 and 2009 were prepared in accordance with Indonesian Financial Accounting Standards which include the Capital Market Supervisory Board (Bapepam) Regulation No. VIII.G.7 regarding Financial Statements Presentation Guidelines as included in the Appendix of the Decision Decree of the Chairman of Bapepam No. KEP06/PM/2000 dated 13 March 2000 and its amendment, the Decision Decree of the Chairman of Bapepam - LK No. KEP554/BL/2010 dated 30 December 2010.
b.
Basis for preparation of the consolidated financial statements
Laporan keuangan konsolidasian disusun berdasarkan konsep nilai historis dan atas dasar akrual, kecuali untuk hal-hal dibawah ini:
The consolidated financial statements were prepared on the accrual basis and under the historical cost concept, except for the following matters:
x Instrumen keuangan derivatif diukur pada nilai wajar. x Instrumen keuangan pada nilai wajar melalui laporan laba rugi diukur pada nilai wajar. x Aset keuangan tersedia untuk dijual diukur pada nilai wajar. x Liabilitas atas kewajiban imbalan pasti diakui sebesar nilai kini kewajiban imbalan pasti dikurangi dengan aset bersih dana pensiun ditambah keuntungan aktuaria yang belum diakui dikurangi beban jasa lalu yang belum diakui dan kerugian aktuaria yang belum diakui.
x
Derivative financial instruments are measured at fair value. x Financial instruments at fair value through profit or loss are measured at fair value. x Available for sale financial assets are measured at fair value. x The liability for defined benefit obligations is recognized as the present value of the defined benefit obligation less the net total of the plan assets, plus unrecognized actuarial gains, less unrecognized past service cost and unrecognized actuarial losses.
* tidak diaudit
unaudited * LAMPIRAN – 5/19- SCHEDULE
211
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
IKHTISAR KEBIJAKAN AKUNTANSI (lanjutan)
PENTING
b.
keuangan
Dasar penyusunan konsolidasian (lanjutan)
laporan
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) b.
ACCOUNTING
Basis for preparation of the consolidated financial statements (continued)
Laporan arus kas konsolidasian disusun dengan menggunakan metode langsung dengan mengelompokkan arus kas ke dalam kegiatan operasi, investasi dan pendanaan. Untuk tujuan laporan arus kas konsolidasian, kas dan setara kas mencakup kas, giro pada Bank Indonesia, giro pada bank lain, penempatan pada bank lain dan Bank Indonesia dan Sertifikat Bank Indonesia yang jatuh tempo dalam waktu tiga bulan sejak tanggal perolehan, sepanjang tidak digunakan sebagai jaminan atas pinjaman yang diterima serta tidak dibatasi penggunaannya.
The consolidated statements of cash flows are prepared based on direct method by classifying cash flows on the basis of operating, investing and financing activities. For the purpose of consolidated statements of cash flows, cash and cash equivalents include cash, current accounts with Bank Indonesia, current accounts with other banks, placements with other banks and Bank Indonesia and Certificates of Bank Indonesia that mature within three months from the date of acquisition, as long as they are not being pledged as collateral for borrowings nor restricted.
Dalam penyusunan laporan keuangan konsolidasian sesuai dengan Standar Akuntansi Keuangan di Indonesia, dibutuhkan pertimbangan, estimasi dan asumsi yang mempengaruhi:
The preparation of consolidated financial statements in conformity with Indonesian Financial Accounting Standards requires the use of estimates and assumptions that affect:
x penerapan kebijakan akuntansi; x jumlah aset dan liabilitas yang dilaporkan, dan pengungkapan atas aset dan liabilitas kontinjensi pada tanggal laporan keuangan konsolidasian; x jumlah pendapatan dan beban yang dilaporkan selama periode pelaporan.
x x
x
the application of accounting policies; the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements; the reported amounts of income and expenses during the reporting period.
Walaupun estimasi ini dibuat berdasarkan pengetahuan terbaik manajemen atas kejadian dan tindakan saat ini, hasil aktual mungkin berbeda dengan jumlah yang diestimasi semula.
Although these estimates are based on management’s best knowledge of current events and activities, actual results may differ from those estimates.
Estimasi dan asumsi yang digunakan ditelaah secara berkesinambungan. Revisi atas taksiran akuntansi diakui pada periode dimana taksiran tersebut direvisi dan periode yang akan datang yang dipengaruhi oleh revisi taksiran tersebut.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period which the estimate is revised and in any future period affected.
Secara khusus, informasi mengenai hal-hal penting yang terkait dengan ketidakpastian taksiran dan pertimbangan penting dalam penerapan kebijakan akuntansi yang memiliki dampak yang signifikan terhadap jumlah yang diakui dalam laporan keuangan konsolidasian dijelaskan dalam Catatan 3.
In particular, information about significant areas of estimation uncertainty and critical judgements in applying accounting policies that have significant effect on the amount recognized in the consolidated financial statements are described in Note 3.
* tidak diaudit
unaudited * LAMPIRAN – 5/20- SCHEDULE
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PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
IKHTISAR KEBIJAKAN AKUNTANSI (lanjutan)
PENTING
b.
keuangan
Dasar penyusunan konsolidasian (lanjutan)
laporan
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) b.
Seluruh angka dalam laporan keuangan konsolidasian ini dibulatkan menjadi jutaan Rupiah yang terdekat, kecuali dinyatakan secara khusus. c.
Akuntansi atas transaksi antara Bank dan Anak Perusahaan
ACCOUNTING
Basis for preparation of the consolidated financial statements (continued) Figures in these consolidated financial statements are rounded to and stated in millions of Rupiah, unless otherwise stated.
c.
Accounting for transactions between Bank and Subsidiaries
Bank telah mengubah kebijakan akuntansi atas akuntansi untuk kombinasi bisnis. Lihat Catatan 2ak.iv untuk penjelasan lebih lanjut.
The Bank has changed its accounting policy with respect to accounting for business combination. See Note 2ak.iv for further details.
Anak Perusahaan, yang merupakan suatu entitas dimana Bank memiliki kepemilikan sebesar lebih dari setengah hak suara atau mampu menentukan kebijakan keuangan dan operasional, dikonsolidasikan.
Subsidiaries, as entities which the Bank has an interest of more than half of the voting rights or otherwise has the power to govern the financial and operating policies, are consolidated.
Anak Perusahaan dikonsolidasikan sejak tanggal kendali atas anak perusahaan tersebut beralih kepada Bank dan tidak lagi dikonsolidasikan sejak tanggal kendali tidak lagi dimiliki oleh Bank. Laporan keuangan Anak Perusahaan telah disusun dengan menggunakan kebijakan akuntansi yang sama dengan kebijakan akuntansi yang diterapkan oleh Bank untuk transaksi yang serupa dan kejadian lain dalam keadaan yang serupa.
Subsidiaries are consolidated from the date on which control is transferred to the Bank and are no longer consolidated from the date that control ceases. The financial statements of Subsidiaries have been prepared using uniform accounting policies for like transactions and other events in similar circumstances.
Akuisisi Anak Perusahaan dicatat dengan menggunakan metode akuntansi pembelian. Biaya akuisisi diukur sebesar nilai wajar aset yang diserahkan, saham yang diterbitkan atau liabilitas yang diambil alih pada tanggal akuisisi, ditambah biaya yang terkait secara langsung dengan akuisisi (sebelum 1 Januari 2011). Kelebihan biaya akuisisi atas nilai wajar aset bersih Anak Perusahaan dicatat sebagai goodwill (lihat Catatan 2r untuk kebijakan akuntansi atas goodwill).
Acquisitions of subsidiaries are accounted for using the purchase method of accounting. The cost of an acquisition is measured at the fair value of the assets given up, shares issued or liabilities assumed at the date of acquisition plus costs directly attributable to the acquisition (prior to 1 January 2011). The excess of the acquisition cost over the fair value of net assets of the Subsidiaries acquired is recorded as goodwill (see Note 2r for the accounting policy of goodwill).
* tidak diaudit
unaudited * LAMPIRAN – 5/21- SCHEDULE
213
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR KEBIJAKAN AKUNTANSI (lanjutan) c.
d.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
Akuntansi atas transaksi antara Bank dan Anak Perusahaan (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) c.
ACCOUNTING
Accounting for transactions between Bank and Subsidiaries (continued)
Transaksi signifikan antar Bank dan Anak Perusahaan, saldo dan keuntungan signifikan yang belum direalisasi dari transaksi tersebut, dieliminasi. Kerugian yang belum direalisasi juga dieliminasi, kecuali apabila harga perolehan tidak dapat diperoleh kembali.
Significant intercompany transactions, balances and unrealised gains on transactions between Bank and Subsidiaries are eliminated. Unrealised losses are also eliminated unless cost cannot be recovered.
Kepentingan nonpengendali disajikan di ekuitas dalam laporan posisi keuangan konsolidasian, terpisah dari ekuitas induk perusahaan. Laba atau rugi dari setiap komponen pendapatan komprehensif lain dialokasikan kepada induk perusahaan dan kepentingan non pengendali.
Non-controling interests are presented within the equity in the consolidated statement of financial position, separately from the equity of the parent company. Profit or loss and each component of other comprehensive income is allocated to the parent company and non-controling interests.
Penjabaran mata uang asing
d.
1. Mata uang pelaporan
Foreign currency translation 1. Reporting currency
Laporan keuangan konsolidasian dinyatakan dalam Rupiah, yang merupakan mata uang pelaporan Bank dan Anak Perusahaan. 2. Transaksi dan saldo
The consolidated financial statements are presented in Rupiah, which is the reporting currency of the Bank and Subsidiaries. 2. Transactions and balances
Transaksi dalam mata uang asing dijabarkan ke Rupiah dengan menggunakan kurs yang berlaku pada tanggal transaksi. Pada tanggal pelaporan, aset dan liabilitas moneter dalam mata uang asing dijabarkan ke dalam Rupiah dengan kurs yang berlaku pada tanggal tersebut.
Transactions denominated in foreign currencies are translated into Rupiah at the exchange rates prevailing at the transaction date. At the reporting date, monetary assets and liabilities denominated in foreign currencies are translated into Rupiah using the exchange rates prevailing at that date.
Keuntungan dan kerugian selisih kurs yang timbul dari transaksi dalam mata uang asing dan dari penjabaran aset dan liabilitas moneter dalam mata uang asing, diakui pada laporan laba rugi konsolidasian periode/tahun berjalan.
Exchange gains and losses arising from transactions in foreign currencies and from the translation of foreign currency monetary assets and liabilities are recognised in the consolidated statements of income for the period/year.
Sejak 1 Januari 2010, laba atau rugi kurs mata uang asing atas aset dan liabilitas moneter merupakan selisih antara biaya perolehan diamortisasi dalam Rupiah pada awal periode/tahun, disesuaikan dengan suku bunga efektif dan pembayaran selama periode/tahun berjalan, dan biaya perolehan diamortisasi dalam mata uang asing yang dijabarkan ke dalam Rupiah dengan menggunakan kurs pada akhir periode/tahun.
Starting 1 January 2010, the foreign currency gain or loss on monetary assets and liabilities is the difference between amortized cost in Rupiah at the beginning of the period/year, adjusted for effective interest and payments during the period/year, and the amortized cost in foreign currency translated into Rupiah at the exchange rate at the end of the period/year.
* tidak diaudit
unaudited * LAMPIRAN – 5/22- SCHEDULE
214
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR KEBIJAKAN AKUNTANSI (lanjutan) d.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
2.
Penjabaran mata uang asing (lanjutan)
SUMMARY OF SIGNIFICANT POLICIES (continued) d.
3. Kantor cabang luar negeri
ACCOUNTING
Foreign currency translation (continued) 3. Overseas branch
Laporan keuangan kantor cabang luar negeri dijabarkan ke Rupiah dengan kurs sebagai berikut:
The financial statements of the overseas branch are translated into Rupiah using the following exchange rates:
Laporan posisi keuangan, kecuali untuk akun rekening kantor pusat serta rekening administratif - menggunakan kurs pada tanggal pelaporan. Akun rekening kantor pusat dijabarkan dengan kurs historis.
Statements of financial position, with the exception of the head office accounts and off balance sheet accounts - at the exchange rates prevailing at the reporting date. Head office accounts are translated at historical rates.
Laporan laba rugi dan laporan laba rugi komprehensif - menggunakan kurs rata-rata dalam periode yang bersangkutan, yang mendekati kurs tanggal transaksi.
Statements of income and statements of comprehensive income - at the average exchange rates during the related period, which approximate the transaction date rates.
Selisih yang timbul dari proses penjabaran laporan keuangan tersebut diakui secara langsung pada pendapatan komprehensif lain.
The difference arising from the translation of such financial statements is recognized directly in other comprehensive income.
Berikut ini adalah kurs mata uang asing utama yang digunakan pada tanggal 31 Maret 2011 dan 31 Desember 2010 dan 2009 yang menggunakan kurs tengah Reuters pukul 16:00 Waktu Indonesia Barat (Rupiah penuh):
Below are the major exchange rates used as at 31 March 2011 and 31 December 2010 and 2009 using the Reuters’ middle rates at 16:00 Western Indonesian Time (whole Rupiah):
31 Maret/March 2011
Dolar Amerika Serikat Dolar Australia Dolar Singapura Euro Yen Jepang Poundsterling Inggris Dolar Hong Kong Franc Swiss Baht Thailand Dolar Selandia Baru
31 Desember/December 2010 2009
9,010 9,169 7,026 12,018 111 13,941 1,159 9,619 300 6,970
8,708 9,004 6,907 12,375 105 14,037 1,119 9,511 288 6,630
* tidak diaudit
9,395 8,453 6,705 13,542 102 15,165 1,211 9,117 282 6,828
United States Dollar Australian Dollar Singapore Dollar Euro Japanese Yen Great Britain Poundsterling Hong Kong Dollar Swiss Franc Thailand Baht New Zealand Dollar
unaudited * LAMPIRAN – 5/23- SCHEDULE
215
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR KEBIJAKAN AKUNTANSI (lanjutan) e.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
Aset dan liabilitas keuangan
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) e.
ACCOUNTING
Financial assets and liabilities
Aset keuangan Bank dan Anak Perusahaan terdiri dari kas, giro pada Bank Indonesia, giro pada bank lain, penempatan pada bank lain dan Bank Indonesia, efek-efek, tagihan derivatif, pinjaman yang diberikan, piutang pembiayaan konsumen, piutang premi, tagihan akseptasi, Obligasi Pemerintah, investasi dalam saham, dan aset lainlain (transaksi derivatif, piutang bunga, piutang lainlain, premi atas opsi yang masih harus diterima, piutang atas penjualan efek-efek dan tagihan transaksi kartu kredit).
The Bank and Subsidiaries’ financial assets mainly consist of cash, current accounts with Bank Indonesia, current accounts with other banks, placement with other banks and Bank Indonesia, marketable securities, derivative receivables, loans, consumer financing receivables, premium receivables, acceptance receivables, Government Bonds, investments in shares and other assets (derivative transactions, interest receivables, other receivables, premium receivables on option, receivables from sales of marketable securities and receivables from credit card transactions).
Liabilitas keuangan Bank dan Anak Perusahaan terdiri dari simpanan nasabah, simpanan dari bank lain, efek yang dijual dengan janji dibeli kembali, liabilitas derivatif, liabilitas akseptasi, obligasi yang diterbitkan, pinjaman yang diterima, dan pinjaman subordinasi.
The Bank and Subsidiaries’ financial liabilities consisted of deposits from customers, deposits from other banks, securities sold under repurchase agreements, derivative liabilities, acceptance payables, bonds issued, borrowings, and subordinated loans.
Bank dan Anak Perusahaan menerapkan PSAK No. 55 (Revisi 2006), “Instrumen Keuangan: Pengakuan dan Pengukuran” dan PSAK No. 50 (Revisi 2006), “Instrumen Keuangan: Penyajian dan Pengungkapan” efektif sejak tanggal 1Januari 2010.
The Bank and Subsidiaries adopted SFAS No. 55 (2006 Revision), “Financial Instruments: Recognition and Measurement” and SFAS No. 50 (2006 Revision), “Financial Instruments: Presentation and Disclosures” effective from 1 January 2010.
Dampak penerapan awal PSAK No. 55 (Revisi 2006) dan PSAK No. 50 (Revisi 2006) dijelaskan pada Catatan 55.
The effect of first adoption of SFAS No. 55 (2006 Revision) and SFAS No. 50 (2006 Revision) is discussed in Note 55.
1. Klasifikasi
1. Classification
Berdasarkan PSAK No. 55 (Revisi 2006), mulai tanggal 1 Januari 2010, aset keuangan diklasifikasikan dalam kategori sebagai berikut pada saat pengakuan awal:
Based on SFAS No. 55 (2006 Revision), starting 1 January 2010, financial assets are classified into the following categories at initial recognition:
i. Diukur pada nilai wajar melalui laporan laba rugi, yang memiliki 2 sub-klasifikasi, yaitu aset keuangan yang ditetapkan demikian pada saat pengakuan awal dan aset keuangan yang diklasifikasikan dalam kelompok diperdagangkan; ii. Tersedia untuk dijual; iii. Dimiliki hingga jatuh tempo; dan iv. Pinjaman yang diberikan dan piutang.
i. Fair value through profit or loss, which has two sub-classifications, i.e. financial assets designated as such upon initial recognition and financial assets classified as held for trading; ii. Available for sale; iii. Held to maturity; and iv. Loans and receivables.
* tidak diaudit
unaudited * LAMPIRAN – 5/24- SCHEDULE
216
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 2.
IKHTISAR KEBIJAKAN AKUNTANSI (lanjutan) e.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
Aset dan liabilitas keuangan (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) e.
1. Klasifikasi (lanjutan)
ACCOUNTING
Financial assets and liabilities (continued) 1. Classification (continued)
Liabilitas keuangan diklasifikasikan ke dalam kategori sebagai berikut pada saat pengakuan awal:
Financial liabilities are classified into the following categories at initial recognition:
i. Diukur pada nilai wajar melalui laporan laba rugi, yang memiliki dua sub-klasifikasi, yaitu liabilitas keuangan yang ditetapkan demikian pada saat pengakuan awal dan liabilitas keuangan yang diklasifikasikan dalam kelompok diperdagangkan;
i. Fair value through profit or loss, which has two sub-classifications, i.e. those designated as such upon initial recognition and those classified as held for trading;
ii. Liabilitas keuangan yang diukur pada biaya perolehan diamortisasi.
ii. Financial liabilities measured at amortized cost.
Kategori untuk diperdagangkan adalah aset keuangan dan liabilitas keuangan yang diperoleh atau dimiliki Bank dan Anak Perusahaan terutama untuk tujuan dijual dan dibeli kembali dalam waktu dekat, atau dimiliki sebagai bagian dari portofolio instrumen keuangan yang dikelola secara bersama-sama untuk memperoleh laba jangka pendek atau position taking.
Held for trading are those financial assets and financial liabilities that the Bank and Subsidiaries acquire or incur principally for the purpose of selling or repurchasing in the near term, or holds as part of a portfolio that is managed together for short-term profit or position taking.
Kategori tersedia untuk dijual terdiri dari aset keuangan non-derivatif yang ditetapkan sebagai tersedia untuk dijual atau yang tidak diklasifikasikan ke dalam salah satu kategori aset keuangan lainnya.
Available for sale category consists of nonderivative financial assets that are designated as available for sale or are not classified in one of other categories of financial assets.
Kategori dimiliki hingga jatuh tempo adalah aset keuangan non-derivatif dengan pembayaran tetap atau telah ditentukan dan jatuh temponya telah ditetapkan dimana Bank dan Anak Perusahaan mempunyai intensi positif dan kemampuan untuk memiliki aset keuangan tersebut hingga jatuh tempo, dan tidak ditetapkan pada nilai wajar melalui laporan laba rugi atau tersedia untuk dijual.
Held to maturity category are non-derivative financial assets with fixed or determinable payments and fixed maturity that the Bank and Subsidiaries have the positive intent and ability to hold to maturity, and which are not designated at fair value through profit or loss or available for sale.
Pinjaman yang diberikan dan piutang adalah aset keuangan non-derivatif dengan pembayaran tetap atau telah ditentukan yang tidak mempunyai kuotasi di pasar aktif dan Bank dan Anak Perusahaan tidak berniat untuk menjualnya segera atau dalam waktu dekat.
Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market and that the Bank and Subsidiaries do not intend to sell immediately or in the near term.
* tidak diaudit
unaudited * LAMPIRAN – 5/25- SCHEDULE
217
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR KEBIJAKAN AKUNTANSI (lanjutan) e.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
Aset dan liabilitas keuangan (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) e.
1. Klasifikasi (lanjutan)
ACCOUNTING
Financial assets and liabilities (continued) 1. Classification (continued)
Sebelum tanggal 1 Januari 2010, efek-efek dan Obligasi Pemerintah diklasifikasikan ke dalam salah satu dari kategori berikut ini: dimiliki hingga jatuh tempo, diperdagangkan dan tersedia untuk dijual sesuai dengan PSAK No. 50, “Akuntansi Investasi Efek Tertentu”. 2. Pengakuan
Prior to 1 January 2010, marketable securities and government bonds were classified into one of the following categories: held to maturity, trading and available for sale in accordance with SFAS No. 50, “Accounting for Investments in Certain Securities”. 2. Recognition
Bank dan Anak Perusahaan pada awalnya mengakui pinjaman yang diberikan serta simpanan pada tanggal perolehan. Pembelian dan penjualan aset keuangan yang lazim (regular) diakui pada tanggal perdagangan dimana Bank/Anak Perusahaan memiliki komitmen untuk membeli atau menjual aset tersebut. Semua aset dan liabilitas keuangan lainnya pada awalnya diakui pada tanggal perdagangan dimana Bank/Anak Perusahaan menjadi suatu pihak dalam ketentuan kontraktual instrumen tersebut.
The Bank and Subsidiaries initially recognize loans and deposits on the date of origination. Regular way purchases and sales of financial assets are recognized on the trade date at which the Bank/Subsidiaries commit to purchase or sell the asset. All other financial assets and liabilities are initially recognized on the trade date at which the Bank/Subsidiaries become a party to the contractual provisions of the instruments.
Pada saat pengakuan awal, aset keuangan atau liabilitas keuangan diukur pada nilai wajar ditambah (untuk item yang tidak diukur pada nilai wajar melalui laporan laba rugi setelah pengakuan awal) biaya transaksi yang dapat diatribusikan secara langsung atas perolehan aset keuangan atau penerbitan liabilitas keuangan. Pengukuran aset keuangan dan liabilitas keuangan setelah pengakuan awal tergantung pada klasifikasi aset keuangan dan liabilitas keuangan tersebut.
A financial asset or financial liability is initially measured at fair value plus (for an item not subsequently measured at fair value through profit and loss) transaction costs that are directly attributable to its acquisition or issue. The subsequent measurement of financial assets and financial liabilities depends on their classification.
* tidak diaudit
unaudited * LAMPIRAN – 5/26- SCHEDULE
218
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR KEBIJAKAN AKUNTANSI (lanjutan) e.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
Aset dan liabilitas keuangan (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) e.
2. Pengakuan (lanjutan)
ACCOUNTING
Financial assets and liabilities (continued) 2. Recognition (continued)
Biaya transaksi hanya meliputi biaya-biaya yang dapat diatribusikan secara langsung untuk perolehan suatu aset keuangan atau penerbitan suatu liabilitas keuangan dan merupakan biaya tambahan yang tidak akan terjadi apabila instrumen keuangan tersebut tidak diperoleh atau diterbitkan. Untuk aset keuangan, biaya transaksi ditambahkan pada jumlah yang diakui pada awal pengakuan aset, sedangkan untuk liabilitas keuangan, biaya transaksi dikurangkan dari jumlah utang yang diakui pada pengakuan awal liabilitas. Biaya transaksi tersebut diamortisasi selama umur instrumen berdasarkan metode suku bunga efektif dan dicatat sebagai bagian dari pendapatan bunga untuk biaya transaksi sehubungan dengan aset keuangan atau sebagai bagian dari beban bunga untuk biaya transaksi sehubungan dengan liabilitas keuangan.
Transaction costs include only those costs that are directly attributable to the acquisition of a financial asset or issue of a financial liability and are incremental costs that would not have been incurred if the instrument had not been acquired or issued. In the case of financial assets, transaction costs are added to the amount recognized initially, while for financial liabilities, transaction costs are deducted from the amount of debt recognized initially. Such transactions costs are amortized over the terms of the instruments based on the effective interest method and were recorded as part of interest income for transaction costs related to financial assets or interest expense for transaction costs related to financial liabilities.
Sebelum tanggal 1 Januari 2010, biaya transaksi Bank dan Anak Perusahaan dicatat pada akun tersendiri yaitu beban tangguhan dan bukan merupakan bagian dari aset keuangan terkait.
Prior to 1 January 2010, transaction costs of the Bank and Subsidiary were recorded at a separate account, as deferred charges and not as part of respective financial assets.
3. Penghentian pengakuan
3. Derecognition
Bank dan Anak Perusahaan menghentikan pengakuan aset keuangan pada saat hak kontraktual atas arus kas yang berasal dari aset keuangan tersebut kadaluwarsa, atau pada saat Bank dan Anak Perusahaan mentransfer seluruh hak untuk menerima arus kas kontraktual dari aset keuangan dalam transaksi dimana Bank dan Anak Perusahaan secara substansial telah mentransfer seluruh risiko dan manfaat atas kepemilikan aset keuangan yang ditransfer. Setiap hak atau liabilitas atas aset keuangan yang ditransfer yang timbul atau yang masih dimiliki oleh Bank dan Anak Perusahaan diakui sebagai aset atau liabilitas secara terpisah.
The Bank and Subsidiaries derecognize a financial asset when the contractual rights to the cash flows from the asset expire, or when the Bank and Subsidiaries transfer the rights to receive the contractual cash flows on the financial asset in a transaction in which substantially all the risks and rewards of ownership of the financial asset are transferred. Any interest in transferred financial asset that is created or retained by the Bank and Subsidiaries is recognized as a separate asset or liability.
Bank dan Anak Perusahaan menghentikan pengakuan liabilitas keuangan pada saat kewajiban yang ditetapkan dalam kontrak dilepaskan atau dibatalkan atau kadaluwarsa.
The Bank and Subsidiaries derecognize a financial liability when its contractual obligations are discharged or cancelled or expired.
* tidak diaudit
unaudited * LAMPIRAN – 5/27- SCHEDULE
219
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 2.
IKHTISAR KEBIJAKAN AKUNTANSI (lanjutan) e.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
Aset dan liabilitas keuangan (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) e.
3. Penghentian pengakuan (lanjutan)
ACCOUNTING
Financial assets and liabilities (continued) 3. Derecognition (continued)
Bank dan Anak Perusahaan melakukan transaksi dimana Bank mentransfer aset yang diakui pada laporan posisi keuangan konsolidasian, tetapi masih memiliki semua risiko dan manfaat atas aset yang ditransfer atau bagian darinya. Jika seluruh atau secara substansial seluruh risiko dan manfaat masih dimiliki, maka aset yang ditransfer tidak dihentikan pengakuannya dari laporan posisi keuangan konsolidasian.
The Bank and Subsidiaries enter into transactions whereby they transfer assets recognized on its consolidated statements of financial position, but retains all risks and rewards of the transferred assets or a portion of them. If all or substantially all risks and rewards are retained, then the transferred assets are not derecognized from the consolidated statements of financial position.
Pada saat aset dijual ke pihak ketiga dengan pertukaran tingkat pengembalian secara bersamaan dari aset yang ditransfer, transaksi dianggap sebagai transaksi keuangan yang dijamin, serupa dengan transaksi dengan janji akan dibeli kembali.
When assets are sold to a third party with a concurrent total rate of return swap on the transferred assets, the transaction is accounted for as a secured financing transaction, similar to repurchase transactions.
Dalam transaksi dimana Bank dan Anak Perusahaan secara substansial tidak memiliki atau tidak mentransfer seluruh risiko dan manfaat dari kepemilikan aset keuangan, Bank dan Anak Perusahaan menghentikan pengakuan aset tersebut jika Bank dan Anak Perusahaan tidak lagi memiliki pengendalian atas aset tersebut. Hak dan kewajiban yang masih dimiliki dalam transfer tersebut diakui secara terpisah sebagai aset atau liabilitas. Dalam transfer dimana pengendalian atas aset masih dimiliki, Bank dan Anak Perusahaan mengakui aset yang ditransfer tersebut sebesar keterlibatan berkelanjutan, dimana tingkat keberlanjutan Bank dan Anak Perusahaan dalam aset yang ditransfer adalah sebesar perubahan nilai aset yang ditransfer.
In transactions in which the Bank and Subsidiaries neither retain nor transfer substantially all the risks and rewards of ownership of a financial asset, the Bank and Subsidiaries derecognize the asset if they do not retain control over the assets. The rights and obligations retained in the transfer are recognized separately as assets and liabilities as appropriate. In transfers in which control over the asset is retained, the Bank and Subsidiaries continue to recognize the asset to the extent of its continuing involvement, determined by the extent to which it is exposed to changes in the value of the transferred asset.
Dalam beberapa transaksi, Bank dan Anak Perusahaan masih memiliki hak untuk mengelola aset keuangan yang ditransfer dengan imbalan tertentu. Aset yang ditransfer dihentikan pengakuannya secara keseluruhan ketika memenuhi kriteria penghentian pengakuan. Suatu aset atau liabilitas diakui untuk hak pengelolaan atas aset tersebut, tergantung apakah imbalan yang akan diterima diperkirakan lebih dari cukup untuk mengkompensasi beban penyediaan jasa yang diberikan (aset) atau imbalan tersebut tidak cukup untuk menyediakan jasa pengelolaan (liabilitas).
In certain transactions, the Bank and Subsidiaries retain rights to service transferred financial assets for certain fees. The transferred assets are derecognized entirely if they meet the derecognition criteria. An asset or liability is recognized for the servicing rights, depending on whether the servicing fee is more than adequate to cover servicing expenses (asset) or is less than adequate for performing the servicing (liability).
* tidak diaudit
unaudited * LAMPIRAN – 5/28- SCHEDULE
220
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 2.
IKHTISAR KEBIJAKAN AKUNTANSI (lanjutan) e.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
Aset dan liabilitas keuangan (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) e.
3. Penghentian pengakuan (lanjutan)
ACCOUNTING
Financial assets and liabilities (continued) 3. Derecognition (continued)
Bank dan Anak Perusahaan menghapusbukukan saldo aset keuangan beserta penyisihan kerugian penurunan nilai terkait pada saat Bank dan Anak Perusahaan menentukan bahwa pinjaman yang diberikan, piutang pembiayaan konsumen atau efek-efek utang tersebut tidak dapat lagi ditagih. Keputusan ini diambil setelah mempertimbangkan informasi terkait seperti telah terjadinya perubahan signifikan atas posisi keuangan debitur/penerbit yang mengakibatkan debitur/penerbit tidak lagi dapat melunasi liabilitasnya, atau hasil penjualan agunan tidak akan cukup untuk melunasi seluruh exposurnya. 4. Saling hapus
The Bank and Subsidiaries write off financial assets and any related allowance for impairment losses when the Bank and Subsidiaries determine that those loans, consumer financing receivables or debt securities are uncollectible. This determination is reached after considering information such as the occurrence of significant changes in the borrower’s/issuer’s financial position such that the borrower/issuer can no longer pay the obligation, or that proceeds from collateral will not be sufficient to pay back the entire exposure.
4. Offsetting
Aset keuangan dan liabilitas keuangan dapat saling hapus dan nilai bersihnya disajikan dalam laporan posisi keuangan konsolidasian jika, dan hanya jika, Bank dan Anak Perusahaan memiliki hak yang berkekuatan hukum untuk melakukan saling hapus atas jumlah yang telah diakui tersebut dan berniat untuk menyelesaikan secara neto atau untuk merealisasikan aset dan menyelesaikan liabilitasnya secara simultan.
Financial assets and liabilities are set off and the net amount is presented in the consolidated statements of financial position when, and only when, the Bank and Subsidiaries have a legal right to set off the amounts and intend either to settle on a net basis or realize the asset and settle the liability simultaneously.
Pendapatan dan beban disajikan dalam jumlah bersih hanya jika diperkenankan oleh standar akuntansi.
Income and expense are presented on a net basis only when permitted by accounting standards.
5. Pengukuran biaya perolehan diamortisasi
5. Amortized cost measurement
Biaya perolehan diamortisasi dari aset keuangan atau liabilitas keuangan adalah jumlah aset atau liabilitas keuangan yang diukur pada saat pengakuan awal dikurangi pembayaran pokok, ditambah atau dikurangi dengan amortisasi kumulatif dengan menggunakan metode suku bunga efektif yang dihitung dari selisih antara nilai awal dan nilai jatuh temponya, dan dikurangi penyisihan kerugian penurunan nilai.
The amortized cost of a financial asset or financial liability is the amount at which the financial asset or liability is measured at initial recognition, minus principal repayments, plus or minus the cumulative amortization using the effective interest method of any difference between the initial amount recognized and the maturity amount, minus allowance for impairment losses.
* tidak diaudit
unaudited * LAMPIRAN – 5/29- SCHEDULE
221
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR KEBIJAKAN AKUNTANSI (lanjutan) e.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
Aset dan liabilitas keuangan (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) e.
6. Pengukuran nilai wajar
ACCOUNTING
Financial assets and liabilities (continued) 6. Fair value measurement
Nilai wajar adalah nilai dimana suatu aset dapat dipertukarkan, atau suatu liabilitas diselesaikan antara pihak yang memahami dan berkeinginan untuk melakukan transaksi wajar (arm’s length transaction) pada tanggal pengukuran.
Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction on the measurement date.
Jika tersedia, Bank dan Anak Perusahaan mengukur nilai wajar instrumen keuangan dengan menggunakan harga kuotasi di pasar aktif untuk instrumen tersebut. Suatu pasar dianggap aktif jika harga kuotasi sewaktu-waktu dan secara berkala tersedia dan mencerminkan transaksi pasar yang aktual dan rutin dalam suatu transaksi yang wajar.
When available, the Bank and Subsidiaries measure the fair value of financial instrument using quoted prices in an active market for that instrument. A market is regarded as active if quoted prices are readily and regularly available and represent actual and regularly occurring market transactions on an arm’s length basis.
Jika pasar untuk suatu instrumen keuangan tidak aktif, Bank dan Anak Perusahaan menentukan nilai wajar dengan menggunakan teknik penilaian. Teknik penilaian mencakup penggunaan transaksi pasar terkini yang dilakukan secara wajar oleh pihak-pihak yang memahami, berkeinginan, dan jika tersedia, referensi atas nilai wajar terkini dari instrumen lain yang secara substansial sama, penggunaan analisa arus kas yang didiskonto dan penggunaan model penetapan harga opsi (option pricing model). Teknik penilaian yang dipilih memaksimalkan penggunaan input pasar, dan meminimalkan penggunaan taksiran yang bersifat spesifik dari Bank dan Anak Perusahaan, memasukkan semua faktor yang akan dipertimbangkan oleh para pelaku pasar dalammenetapkansuatu harga dan konsisten dengan metodologi ekonomi yang diterima dalam penetapan harga instrumen keuangan. Input yang digunakan dalam teknik penilaian secara memadaimencerminkan ekspektasi pasar dan ukuran atas faktor risiko dan pengembalian (risk-return) yang melekat pada instrumen keuangan. Bank dan Anak Perusahaan mengkalibrasi teknik penilaian dan menguji validitasnya dengan menggunakan harga-harga dari transaksi pasar terkini yang dapat diobservasi untuk instrumen yang sama atau atas dasar data pasar lainnya yang tersedia yang dapat diobservasi.
If a market for a financial instrument is not active, the Bank and Subsidiaries establish fair value using a valuation technique. Valuation techniques include using recent arm’s length transactions between knowledgeable, willing parties and if available, reference to the current fair value of other instruments that are substantially the same, discounted cash flows analysis and option pricing models. The chosen valuation technique makes maximum use of market inputs, relies as little as possible on estimates specific to the Bank and Subsidiaries, incorporates all factors that market participants would consider in setting a price, and is consistent with accepted economic methodologies for pricing financial instruments. Inputs to valuation techniques reasonably represent market expectations and measures of the risk-return factors inherent in the financial instrument. The Bank and Subsidiaries calibrate valuation techniques and tests them for validity using prices from observable current market transactions in the same instrument or based on other available observable market data.
* tidak diaudit
unaudited * LAMPIRAN – 5/30- SCHEDULE
222
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR KEBIJAKAN AKUNTANSI (lanjutan) e.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
Aset dan liabilitas keuangan (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) e.
6. Pengukuran nilai wajar (lanjutan)
ACCOUNTING
Financial assets and liabilities (continued) 6. Fair value measurement (continued)
Bukti terbaik atas nilai wajar instrumen keuangan pada saat pengakuan awal adalah harga transaksi, yaitu nilai wajar dari pembayaran yang diberikan atau diterima, kecuali jika nilai wajar dari instrumen keuangan tersebut ditentukan dengan perbandingan terhadap transaksi pasar terkini yang dapat diobservasi dari suatu instrumen yang sama (yaitu tanpa modifikasi atau pengemasan ulang) atau berdasarkan suatu teknik penilaian yang variabelnya hanya menggunakan data dari pasar yang dapat diobservasi. Jika harga transaksi memberikan bukti terbaik atas nilai wajar pada saat pengakuan awal, maka instrumen keuangan pada awalnya diukur pada harga transaksi dan selisih antara harga transaksi dan nilai yang sebelumnya diperoleh dari model penilaian diakui dalam laporan laba rugi konsolidasian setelah pengakuan awal tergantung pada masing-masing fakta dan keadaan dari transaksi tersebut namun tidak lebih lambat dari saat penilaian tersebut didukung sepenuhnya oleh data dari pasar yang dapat diobservasi atau saat transaksi ditutup.
The best evidence of the fair value of a financial instrument at initial recognition is the transaction price, i.e., the fair value of the consideration given or received, unless the fair value of that instrument is evidenced by comparison with other observable current market transactions in the same instrument (i.e., without modification or repackaging) or based on a valuation technique whose variables include only data from observable markets. When transaction price provides the best evidence of fair value at initial recognition, the financial instrument is initially measured at the transaction price and any difference between this price and the value initially obtained from a valuation model is subsequently recognized in the consolidated statements of income depending on the individual facts and circumstances of the transaction but not later than when the valuation is supported wholly by observable market data or the transaction is closed out.
Nilai wajar mencerminkan risiko kredit atas instrumen keuangan dan termasuk penyesuaian yang dilakukan untuk memasukkan risiko kredit Bank/Anak Perusahaan dan pihak lawan, mana yang lebih sesuai. Estimasi nilai wajar yang diperoleh dari model penilaian akan disesuaikan untuk mempertimbangkan faktor-faktor lainnya, seperti risiko likuiditas atau ketidakpastian model penilaian, sepanjang Bank dan Anak Perusahaan yakin bahwa keterlibatan suatu pasar pihak ketiga akan mempertimbangkan faktor-faktor tersebut dalam penerapan harga suatu transaksi.
Fair values reflect the credit risk of the instrument and include adjustments to take account of the credit risk of the Bank/Subsidiaries and counterparty where appropriate. Estimated fair values obtained from models are adjusted for any other factors, such as liquidity risk or model uncertainties, to the extent that the Bank and Subsidiaries believe a third-party market participation would take them into account in pricing a transaction.
* tidak diaudit
unaudited * LAMPIRAN – 5/31- SCHEDULE
223
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR KEBIJAKAN AKUNTANSI (lanjutan) e.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
Aset dan liabilitas keuangan (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) e.
6. Pengukuran nilai wajar (lanjutan)
f.
Financial assets and liabilities (continued) 6. Fair value measurement (continued)
Sejak tanggal 1 Januari 2010, aset keuangan dan posisi long diukur menggunakan harga penawaran, liabilitas keuangan dan posisi short diukur menggunakan harga permintaan. Jika Bank dan Anak Perusahaan memiliki posisi aset dan liabilitas dimana risiko pasarnya saling hapus, maka Bank dan Anak Perusahaan dapat menggunakan nilai tengah dari harga pasar sebagai dasar untuk menentukan nilai wajar posisi risiko yang saling hapus tersebut dan menerapkan penyesuaian terhadap harga penawaran atau harga permintaan terhadap posisi terbuka netto (net open position), mana yang lebih sesuai.
Starting 1 January 2010, financial assets and long positions are measured at a bid price, financial liabilities and short positions are measured at an asking price. Where the Bank and Subsidiaries have positions with offsetting risk, mid-market prices are used to measure the offsetting risk positions and a bid or asking price adjustment is applied only to the net open position as appropriate.
Sebelum tanggal 1 Januari 2010, aset dan liabilitas keuangan maupun posisi long dan short diukur pada nilai tengah dari harga pasar (mid price).
Prior to 1 January 2010, financial assets and liabilities as well as long and short position are measured at mid price.
Giro Wajib Minimum
f.
Sesuai dengan Peraturan BI mengenai Giro Wajib Minimum Bank Umum pada BI dalam Rupiah dan mata uang asing, Bank diwajibkan untuk menempatkan sejumlah persentase atas simpanan nasabah. g.
ACCOUNTING
Giro pada Bank Indonesia dan bank lain
Statutory Reserves Requirement In accordance with prevailing BI Regulation concerning Commercial Banks’ Statutory Reserves Requirement with BI in Rupiah and foreign currency, Bank is required to place certain percentage of deposits from customers.
g.
Current accounts with Bank Indonesia and other banks
Sejak tanggal 1 Januari 2010, setelah pengakuan awal, giro pada Bank Indonesia dan giro pada bank lain dicatat pada biaya perolehan diamortisasi dengan menggunakan metode suku bunga efektif pada laporan posisi keuangan konsolidasian.
Starting 1 January 2010, subsequent to initial recognition, current accounts at Bank Indonesia and other banks were carried at amortized cost using effective interest method on the consolidated statements of financial position.
Sebelum tanggal 1 Januari 2010, giro pada Bank Indonesia dinyatakan sebesar saldo giro, sedangkan giro pada bank lain dinyatakan sebesar saldo giro dikurangi dengan penyisihan kerugian penurunan nilai.
Prior to 1 January 2010, current accounts at Bank Indonesia were stated at their outstanding balances while current accounts at other banks were stated at their outstanding balances less allowance for impairment losses.
* tidak diaudit
unaudited * LAMPIRAN – 5/32- SCHEDULE
224
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2. IKHTISAR KEBIJAKAN AKUNTANSI (lanjutan) h.
i.
Penempatan Indonesia
pada
bank
lain
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
dan
Bank
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) h.
ACCOUNTING
Placements with other banks and Bank Indonesia
Sejak tanggal 1 Januari 2010, penempatan pada bank lain dan Bank Indonesia pada awalnya diukur pada nilai wajar ditambah biaya transaksi yang dapat diatribusikan secara langsung dan merupakan biaya tambahan untuk memperoleh aset keuangan tersebut, dan setelah pengakuan awal diukur pada biaya perolehan diamortisasi menggunakan metode suku bunga efektif.
Starting 1 January 2010, placements with other banks and Bank Indonesia are initially measured at fair value plus incremental direct transaction costs, and subsequently measured at their amortized cost using the effective interest method.
Sebelum tanggal 1 Januari 2010, penempatan pada bank lain dinyatakan sebesar saldo penempatan dikurangi dengan penyisihan kerugian penurunan nilai. Penempatan pada Bank Indonesia dinyatakan sebesar saldo penempatan.
Prior to 1 January 2010, placements with other banks are stated at their outstanding balance less allowance for impairment losses. Placements with Bank Indonesia are stated at the outstanding balance.
Efek-efek dan Obligasi Pemerintah
i.
Marketable securities and Government Bonds
Efek-efek terdiri dari Sertifikat BI (“SBI”), wesel ekspor, obligasi (termasuk obligasi korporasi yang diperdagangkan di bursa efek, obligasi syariah ijarah dan obligasi syariah mudharabah), fixed rate notes, promissory notes, dan efek utang lainnya.
Marketable securities consist of BI Certificates (“SBI”), trading export bills, bonds (including corporate bonds traded on the stock exchange, ijarah sharia bonds and mudharabah sharia bonds), fixed rate notes, promissory notes and other debt securities.
Efek-efek dan Obligasi Pemerintah diklasifikasikan sebagai aset keuangan dalam kelompok diperdagangkan, tersedia untuk dijual dan dimiliki hingga jatuh tempo.
Marketable securities and Government Bonds are classified as financial assets held for trading, available for sale and held to maturity.
1. Diperdagangkan
1. Trading
Efek-efek dan Obligasi Pemerintah yang diklasifikasikan ke dalam kelompok diperdagangkan diakui dan diukur pada nilai wajar di laporan posisi keuangan konsolidasian pada saat pengakuan awal dan setelah pengakuan awal, dengan biaya transaksi yang terjadi diakui langsung di dalam laporan laba rugi konsolidasian periode/tahun berjalan. Keuntungan atau kerugian yang belum direalisasi akibat perubahan nilai wajar efekefek dan Obligasi Pemerintah yang diperdagangkan diakui sebagai bagian dari keuntungan atau kerugian dari perubahan nilai wajar instrumen keuangan dalam laporan laba rugi konsolidasian periode/tahun berjalan. Efekefek dan Obligasi Pemerintah yang diperdagangkan tidak direklasifikasi setelah pengakuan awal.
Marketable securities and Government Bonds classified as trading are initially recognized and subsequently measured at fair value in the consolidated statements of financial position with transaction costs taken directly to consolidated statements of income for the period/year. Unrealised gains or losses from changes in fair value of marketable securities and Government Bonds are recognised as part of gain or loss from changes in fair value of financial statements in the consolidated statements of income for the period/year. Trading marketable securities and Government Bonds are not reclassified subsequent to their initial recognition.
* tidak diaudit
unaudited * LAMPIRAN – 5/33- SCHEDULE
225
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2. IKHTISAR KEBIJAKAN AKUNTANSI (lanjutan) i.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
Efek-efek dan Obligasi Pemerintah (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) i.
2. Tersedia untuk dijual dan dimiliki hingga jatuh tempo
ACCOUNTING
Marketable securities and Government Bonds (continued) 2. Available for sale and held to maturity
Sejak tanggal 1 Januari 2010, efek-efek dan Obligasi Pemerintah dalam kelompok tersedia untuk dijual dan dimiliki hingga jatuh tempo pada awalnya diukur pada nilai wajar ditambah biaya transaksi dan setelah pengakuan awal dicatat sesuai dengan klasifikasi masingmasing sebagai tersedia untuk dijual atau dimiliki hingga jatuh tempo.
Starting 1 January 2010, marketable securities and Government Bonds classified as available for sale and held to maturity are initially measured at fair value plus transaction costs and subsequently accounted for in accordance with their classification either as available for sale or held to maturity.
Setelah pengakuan awal, efek-efek dan Obligasi Pemerintah yang diklasifikasikan dalam kelompok tersedia untuk dijual dinyatakan pada nilai wajarnya.
After initial recognition, marketable securities and Government Bonds classified as available for sale are carried at their fair value.
Pendapatan bunga diakui dalam laporan laba rugi konsolidasian dengan menggunakan metode suku bunga efektif. Laba atau rugi selisih kurs atas efek-efek utang dan Obligasi Pemerintah yang tersedia untuk dijual diakui pada laporan laba rugi konsolidasian.
Interest income is recognized in the consolidated statements of income using the effective interest method. Foreign exchange gains or losses on available for sale debt securities and Government Bonds are recognized in the consolidated statements of income.
Perubahan nilai wajar lainnya diakui secara langsung sebagai pendapatan komprehensif lain sampai investasi tersebut dijual atau mengalami penurunan nilai, dimana keuntungan dan kerugian kumulatif yang sebelumnya diakui sebagai pendapatan komprehensif lain direklasifikasi ke laba rugi sebagai penyesuaian reklasifikasi.
Other fair value changes are recognized directly as other comprehensive income until the investment is sold or impaired, where upon the cumulative gains and losses previously recognized in other comprehensive income are reclassified to profit loss as a reclassification adjustment.
* tidak diaudit
unaudited * LAMPIRAN – 5/34- SCHEDULE
226
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR KEBIJAKAN AKUNTANSI (lanjutan) i.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
Efek-efek dan Obligasi Pemerintah (lanjutan)
2.
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) i.
ACCOUNTING
Marketable securities and Government Bonds (continued)
Tersedia untuk dijual dan dimiliki hingga jatuh tempo (lanjutan)
2. Available for sale and held to maturity (continued)
Setelah pengakuan awal, efek-efek dan Obligasi Pemerintah yang diklasifikasikan dimiliki hingga jatuh tempo dicatat pada biaya perolehan diamortisasi menggunakan metode suku bunga efektif. Bila terjadi penjualan atau reklasifikasi dalam jumlah yang lebih dari jumlah yang tidak signifikan dari efek-efek dan Obligasi Pemerintah dalam kelompok dimiliki hingga jatuh tempo yang belum mendekati tanggal jatuh tempo, maka hal ini akan menyebabkan reklasifikasi atas semua efekefek dan Obligasi Pemerintah yang dimiliki hingga jatuh tempo ke dalam kelompok tersedia untuk dijual, dan Bank/Anak Perusahaan tidak diperkenankan untuk mengklasifikasikan efek-efek dan Obligasi Pemerintah sebagai dimiliki hingga jatuh tempo untuk periode/tahun berjalan dan untuk kurun waktu dua tahun mendatang.
After initial recognition, marketable securities and Government Bonds classified as held to maturity are carried at amortized cost using effective interest method. Any sale of reclassification of a more than insignificant amount of held to maturity marketable securities and Government Bonds not close to their maturity would result in the reclassification of all held to maturity marketable securities and Government Bonds as available for sale and prevent the Bank/Subsidiaries from classifying marketable securities and Government Bonds as held to maturity for the current period/year and the following two financial years.
Sebelum tanggal 1 Januari 2010, pengukuran efek-efek dan Obligasi Pemerintah yang diklasifikasikan sebagai kelompok tersedia untuk dijual dan dimiliki hingga jatuh tempo pada saat pengakuan awal dan setelah pengakuan awal tergantung pada klasifikasi masing-masing.
Prior to 1 January 2010, the initial and subsequent measurement of marketable securities and Government Bonds classified as available for sale and held to maturity depend on their respective classification.
Efek-efek dan Obligasi Pemerintah yang diklasifikasikan ke dalam kelompok tersedia untuk dijual dinyatakan berdasarkan nilai wajar pada tanggal pelaporan dan disajikan setelah dikurangi penyisihan kerugian penurunan nilai. Keuntungan atau kerugian yang belum direalisasi yang berasal dari selisih antara nilai wajar dan harga perolehan efek-efek dan Obligasi Pemerintah yang tersedia untuk dijual dicatat sebagai komponen ekuitas lainnya dan diakui dalam laporan laba rugi konsolidasian saat efek-efek dan Obligasi Pemerintah tersebut dijual. Keuntungan atau kerugian yang belum direalisasi atas efek-efek dan Obligasi Pemerintah dengan denominasi mata uang asing yang berasal dari selisih kurs dicatat di dalam laporan laba rugi konsolidasian periode/tahun berjalan.
Marketable securities and Government Bonds classified as available for sale are stated at fair value at the reporting date and presented net of allowance for impairment losses. Unrealised gains or losses resulting from the differences between the fair value and acquisition cost of available for sale marketable securities and Government Bonds, are presented as an other equity components and will be recognized in the consolidated statements of income when the marketable securities and Government Bonds are sold. Unrealised gains or losses from marketable securities and Government Bonds denominated in foreign currencies arising from foreign exchange differences are recorded in the consolidated statements of income for the period/year.
* tidak diaudit
unaudited * LAMPIRAN – 5/35- SCHEDULE
227
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR KEBIJAKAN AKUNTANSI (lanjutan) i.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
Efek-efek dan Obligasi Pemerintah (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) i.
ACCOUNTING
Marketable securities and Government Bonds (continued)
2. Tersedia untuk Dijual dan Dimiliki hingga Jatuh Tempo (lanjutan)
2. Available for Sale and Held to Maturity (continued)
Nilai wajar ditentukan berdasarkan harga kuotasi pasar yang berlaku. Manajemen akan menentukan nilai wajar efek-efek dan Obligasi Pemerintah berdasarkan model yang dikembangkan secara internal dan estimasi terbaik jika harga pasar yang dapat diandalkan tidak tersedia.
Fair values are determined on the basis of quoted market prices. Management will determine the fair value of marketable securities and Government Bonds based upon internal models and best estimates, if a reliable market value is not available.
Efek-efek dan Obligasi Pemerintah yang diklasifikasikan ke dalam kelompok dimiliki hingga jatuh tempo disajikan pada laporan posisi keuangan konsolidasian berdasarkan harga perolehan setelah amortisasi premi atau diskonto, dan khusus untuk efek-efek disajikan bersih setelah dikurangi penyisihan kerugian penurunan nilai.
Marketable securities and Government Bonds classified as held to maturity are presented in the consolidated statements of financial position at acquisition cost, after amortization of premiums or discounts and specifically for marketable securities, presented net of allowance for impairment losses.
Amortisasi premi/diskonto untuk efek-efek dan Obligasi Pemerintah yang tersedia untuk dijual dan dimiliki hingga jatuh tempo dilakukan sejak tanggal perolehan sampai dengan tanggal jatuh tempo berdasarkan metode suku bunga efektif.
Amortization of premium/discount for available for sale and held to maturity marketable securities and Government Bonds is calculated from the acquisition date until the maturity date using the effective interest method.
Penurunan nilai wajar di bawah harga perolehan (termasuk amortisasi premi dan diskonto) yang tidak bersifat sementara dicatat sebagai penurunan permanen nilai investasi dan dibebankan dalam laporan laba rugi konsolidasian periode/tahun berjalan.
The decline in fair value below the acquisition cost (including amortization of premium and discount), which is determined to be other than temporary, is recorded as a permanent decline in the value of investment and charged to the consolidated statements of income for the period/year.
Keuntungan dan kerugian yang direalisasi dari penjualan efek-efek dan Obligasi Pemerintah dihitung berdasarkan metode rata-rata tertimbang harga pembelian untuk efek-efek dan Obligasi Pemerintah dalam kelompok untuk diperdagangkan dan tersedia untuk dijual.
Realised gains and losses from selling of marketable securities and Government Bonds are calculated based on weighted average method of purchase price for marketable securities and Government Bonds classified as trading and available for sale.
* tidak diaudit
unaudited * LAMPIRAN – 5/36- SCHEDULE
228
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR (lanjutan) j.
k.
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
Efek-efek yang dijual dengan janji dibeli kembali dan efek-efek yang dibeli dengan janji dijual kembali
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) j.
ACCOUNTING
Securities sold under repurchase agreements and securities purchased under resale agreements
Efek-efek yang dijual dengan janji dibeli kembali (repo) disajikan sebagai liabilitas sebesar harga pembelian kembali yang disepakati dikurangi selisih antara harga jual dan harga pembelian kembali yang disepakati. Selisih antara harga jual dan harga pembelian kembali yang disepakati tersebut diamortisasi dengan menggunakan metode suku bunga efektif (sebelum tanggal 1 Januari 2010 dengan metode garis lurus) sebagai beban bunga selama jangka waktu sejak efek-efek tersebut dijual hingga saat dibeli kembali.
Securities sold under repurchase agreements (repo) are presented as liabilities and stated at the agreed repurchase price less the difference between the selling price and agreed repurchase price. The difference between the selling price and agreed repurchase price is amortized using effective interest method (prior to 1 January 2010 using straight-line method) as interest expense over the year commencing from the selling date to the repurchase date.
Efek-efek yang dibeli dengan janji dijual kembali (reverse repo) disajikan sebagai tagihan sebesar harga jual kembali efek-efek yang disepakati dikurangi selisih antara harga beli dan harga jual kembali yang disepakati. Selisih antara harga beli dan harga jual kembali yang disepakati tersebut diamortisasi dengan metode suku bunga efektif (sebelum tanggal 1 Januari 2010 dengan metode garis lurus) sebagai pendapatan bunga selama jangka waktu sejak efek-efek tersebut dibeli hingga dijual kembali.
Securities purchased under resale agreements (reverse repo) are presented as receivables and stated at the agreed resale price less the difference between the purchase price and the agreed resale price. The difference between the purchase price and the agreed resale price is amortized using the effective interest method (prior to 1 January 2010 using straight-line method) as interest income over the year commencing from the acquisition date to the resale date.
Instrumen keuangan derivatif
k.
Dalam melakukan usaha bisnisnya, Bank melakukan transaksi instrumen keuangan derivatif seperti kontrak tunai dan berjangka mata uang asing, swaps mata uang asing, cross currency swaps, swap suku bunga, kontrak opsi mata uang asing, dan kontrak future. Semua instrumen derivatif yang diadakan Bank adalah untuk diperdagangkan dan untuk tujuan lindung nilai terhadap risiko bank atas net open position, risiko interest rate gap, risiko maturity gap dan risiko lainnya dalam kegiatan operasional Bank dan tidak memenuhi kriteria akuntansi lindung nilai. Oleh karena itu, instrumen keuangan derivatif dicatat pada nilai wajarnya dan perubahan nilai wajar dari instrumen derivatif ini dibebankan atau dikreditkan dalam laporan laba rugi konsolidasian periode/tahun berjalan.
Derivative financial instruments In the normal course of business, the Bank enters into transactions involving derivative financial instruments such as foreign currency spot and forward contracts, foreign currency swaps, cross currency swaps, interest rate swaps, foreign currency options, and future contracts. All derivative instruments entered by the Bank were for trading as well for hedging the Bank’s exposures to net open position, interest rate gap risk, maturity gap risk, and other risks in the Bank’s daily operations, and did not qualify for hedge accounting. As such, the derivative financial instruments are stated at fair value and the changes in fair value of these derivative financial instruments are charged or credited to the consolidated statements of income for the period/year.
* tidak diaudit
unaudited * LAMPIRAN – 5/37- SCHEDULE
229
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR (lanjutan) l.
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
Pinjaman yang diberikan
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) l.
ACCOUNTING
Loans
Sejak tanggal 1 Januari 2010, pinjaman yang diberikan pada awalnya diukur pada nilai wajar ditambah biaya transaksi yang dapat diatribusikan secara langsung dan merupakan biaya tambahan untuk memperoleh aset keuangan tersebut, dan setelah pengakuan awal diukur pada biaya perolehan diamortisasi dengan menggunakan metode suku bunga efektif.
Starting 1 January 2010, loans are initially measured at fair value plus incremental direct transaction cost and subsequently measured at their amortized cost using the effective interest method.
Kredit dalam rangka pembiayaan bersama (kredit sindikasi) dinyatakan sebesar biaya perolehan diamortisasi sesuai dengan porsi risiko yang ditanggung oleh Bank.
Syndicated loans are stated at amortized cost in accordance with the risk borne by the Bank.
Termasuk dalam pinjaman yang diberikan adalah pembiayaan Syariah yang terdiri dari piutang murabahah, pembiayaan musyarakah dan pembiayaan mudharabah. Murabahah adalah akad jual beli barang dengan menyatakan harga perolehan dan keuntungan (marjin) yang disepakati oleh penjual dan pembeli, dan dapat dilakukan berdasarkan pesanan atau tanpa pesanan. Musyarakah adalah akad kerjasama yang terjadi diantara para pemilik modal (mitra musyarakah) untuk menggabungkan modal dan melakukan usaha secara bersama dalam suatu kemitraan, dengan nisbah pembagian hasil sesuai dengan kontribusi modal. Mudharabah adalah akad kerjasama usaha antara Bank dengan pemilik dana (shahibul maal) dan nasabah sebagai pengelola dana (mudharib) untuk melakukan kegiatan usaha dengan nisbah pembagian hasil (keuntungan atau kerugian) menurut kesepakatan dimuka.
Included in the loans are Sharia financing which consists of murabahah receivables, musyarakah financing and mudharabah financing. Murabahah is an agreement for the sale and purchase of goods between the buyer and the seller at the agreed cost and margin and can be done based on order or without order. Musyarakah is an agreement between investors (musyarakah partners) to join the capital in a partnership, at an agreed nisbah sharing portion, while losses will be proportionately distributed based on the capital contribution. Mudharabah is an agreement between the Bank as an investor (shahibul maal) and customer as a fund manager (mudharib) to run a business with pre-defined terms of nisbah (gain or loss).
Sebelum tanggal 1 Januari 2010, pinjaman yang diberikan dinyatakan sebesar saldo pokok pinjaman yang diberikan dikurangi dengan penyisihan kerugian penurunan nilai dan pendapatan bunga ditangguhkan.
Prior to 1 January 2010, loans are stated at principal amount outstanding, net of allowance for impairment losses and unearned interest income.
Pinjaman yang diberikan dihapusbukukan ketika tidak terdapat prospek yang realistis mengenai pengembalian pinjaman atau hubungan normal antara Bank dan debitur dengan jaminan telah berakhir. Pinjaman yang tidak dapat dilunasi dihapusbukukan dengan mendebit penyisihan kerugian penurunan nilai. Pelunasan kemudian atas pinjaman yang telah dihapusbukukan sebelumnya, dikreditkan ke penyisihan kerugian penurunan nilai di laporan posisi keuangan konsolidasian.
Loans are written-off when there are no realistic prospects of collection or when the Bank’s normal relationship with the collateralized borrowers has ceased to exist. When loans are deemed uncollectible, they are written-off against the related allowance for impairment losses. Subsequent recoveries of loans written-off are credited to the allowance for impairment losses in the consolidated statements of financial position.
* tidak diaudit
unaudited * LAMPIRAN – 5/38- SCHEDULE
230
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR (lanjutan)
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
m. Investasi dalam saham
2.
SUMMARY OF SIGNIFICANT POLICIES (continued)
ACCOUNTING
m. Investments in shares
Sejak tanggal 1 Januari 2010, investasi dalam saham yang diklasifikasikan sebagai aset keuangan tersedia untuk dijual dicatat sebesar biaya perolehan setelah pengakuan awalnya karena terdiri dari efek ekuitas tanpa harga kuotasi yang nilai wajarnya tidak dapat diukur secara handal.
Starting 1 January 2010, investment in shares classified as available for sale financial asset is carried at cost after its initial recognition as it consists of unquoted equity securities whose fair value cannot be reliably measured.
Dividen kas (kecuali dividen saham) yang diterima atas investasi dalam saham diakui sebagai pendapatan.
Cash dividend (except stock dividend) received from investment in shares is recognized as income.
Investasi saham yang diterima dalam rangka restrukturisasi tagihan dengan konversi tagihan menjadi penyertaan modal sementara, dicatat dengan metode biaya.
Shares received in conjunction with debt restructuring through conversion of the debt into temporary investment are accounted for under the cost method.
Sebelum tanggal 1 Januari 2010, penyertaan pada perusahaan dimana Bank mempunyai persentase hak suara kurang dari 20% dicatat dengan metode biaya.
Prior to 1 January 2010, investment where the Bank has an ownership interest less than 20% are recorded based on the cost method.
n. Penyisihan kerugian penurunan nilai aset keuangan
n.
Allowance for impairment losses of financial assets
Sejak tanggal 1 Januari 2010, pada setiap tanggal pelaporan, Bank dan Anak Perusahaan mengevaluasi apakah terdapat bukti obyektif bahwa aset keuangan yang tidak dicatat pada nilai wajar melalui laporan laba rugi telah mengalami penurunan nilai. Aset keuangan mengalami penurunan nilai jika bukti obyektif menunjukkan bahwa peristiwa yang merugikan telah terjadi setelah pengakuan awal aset keuangan, dan peristiwa tersebut berdampak pada arus kas masa datang atas aset keuangan yang dapat diestimasi secara handal.
Starting 1 January 2010, at each reporting date, the Bank and Subsidiaries assess whether there is objective evidence that financial assets not carried at fair value through profit or loss are impaired. Financial assets are impaired when objective evidence demonstrates that a loss event has occurred after the initial recognition of the assets and the loss event has an impact on the future cash flows on the assets that can be estimated reliably.
Bukti obyektif bahwa aset keuangan mengalami penurunan nilai meliputi wanprestasi atau tunggakan pembayaran oleh debitur, restrukturisasi kredit atau uang muka oleh Bank dan Anak Perusahaan dengan persyaratan yang tidak mungkin diberikan jika debitur tidak mengalami kesulitan keuangan, indikasi bahwa debitur atau penerbit akan dinyatakan pailit, hilangnya pasar aktif dari aset keuangan akibat kesulitan keuangan, atau data yang dapat diobservasi lainnya yang terkait dengan kelompok aset keuangan seperti memburuknya status pembayaran debitur atau penerbit dalam kelompok tersebut, atau kondisi ekonomi yang berkorelasi dengan wanprestasi atas aset dalam kelompok tersebut.
Objective evidence that financial assets are impaired can include default or delinquency by a borrower, restructuring of a loan or advance by the Bank and Subsidiaries on terms that the Bank and Subsidiaries would not otherwise consider, indications that a borrower or issuer will enter bankruptcy, the disappearance of an active market for a security due to financial difficulties, or other observable data relating to a group of assets such as adverse changes in the payment status of borrowers or issuers in the group, or economic conditions that correlate with defaults in the group.
* tidak diaudit
unaudited * LAMPIRAN – 5/39- SCHEDULE
231
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 2.
IKHTISAR (lanjutan)
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
n. Penyisihan kerugian penurunan nilai aset keuangan (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) n.
ACCOUNTING
Allowance for impairment losses of financial assets (continued)
Bank dan Anak Perusahaan menentukan bukti penurunan nilai atas aset keuangan secara individual dan kolektif. Evaluasi penurunan nilai terhadap aset keuangan yang signifikan dilakukan secara individual.
The Bank and Subsidiaries consider evidence of impairment for financial assets at both specific and collective level. All individually significant financial assets are assessed for specific impairment.
Semua aset keuangan yang signifikan secara individual yang tidak mengalami penurunan nilai secara individual dievaluasi secara kolektif untuk menentukan penurunan nilai yang sudah terjadi namun belum diidentifikasi. Aset keuangan yang tidak signifikan secara individual akan dievaluasi secara kolektif untuk menentukan penurunan nilainya dengan mengelompokkan aset keuangan tersebut berdasarkan karakteristik risiko yang serupa.
All individually significant financial assets not to be specifically impaired are then collectively assessed for any impairment that has been incurred but not yet identified. Financial assets that are not individually significant are collectively assessed for impairment by grouping together such financial assets with similar risk characteristics.
Dalam menentukan penurunan nilai secara kolektif, Bank dan Anak Perusahaan menggunakan model statistik dari data historis atas probability of default, saat pemulihan dan jumlah kerugian yang terjadi, yang disesuaikan dengan pertimbangan manajemen mengenai apakah kondisi ekonomi dan kredit saat ini mungkin menyebabkan kerugian aktual lebih besar atau lebih kecil daripada yang dihasilkan oleh model statistik. Tingkat wanprestasi, tingkat kerugian pada saat pemulihan yang diharapkan di masa datang secara berkala dibandingkan dengan hasil aktual yang diperoleh untuk memastikan bahwa model statistik yang digunakan masih memadai.
In assessing collective impairment the Bank and Subsidiaries use statistical modelling of historical trends of the probability of default, timing of recoveries and the amount of loss incurred, adjusted for management’s judgement as to whether current economic and credit conditions are such that the actual losses are likely to be greater or less than suggested by historical modelling. Default rates, loss rates and the expected timing of future recoveries are regularly benchmarked against actual outcomes to ensure that they remain appropriate.
* tidak diaudit
unaudited * LAMPIRAN – 5/40- SCHEDULE
232
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 2.
IKHTISAR (lanjutan)
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
n. Penyisihan kerugian penurunan nilai aset keuangan (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) n.
ACCOUNTING
Allowance for impairment losses of financial assets (continued)
Kerugian penurunan nilai atas aset keuangan yang dicatat pada biaya perolehan diamortisasi diukur sebesar selisih antara nilai tercatat aset keuangan dengan nilai kini estimasi arus kas masa datang yang didiskonto menggunakan suku bunga efektif awal dari aset keuangan tersebut. Perhitungan nilai kini dari estimasi arus kas masa datang atas aset keuangan dengan agunan (collateralized financial aset) mencerminkan arus kas yang dapat dihasilkan dari pengambilalihan agunan dikurangi biaya-biaya untuk memperoleh dan menjual agunan, terlepas apakah pengambilalihan tersebut berpeluang terjadi atau tidak. Kerugian yang terjadi diakui pada laporan laba rugi konsolidasian dan dicatat pada akun penyisihan kerugian penurunan nilai atas aset keuangan yang dicatat pada biaya perolehan diamortisasi. Pendapatan bunga atas aset keuangan yang mengalami penurunan nilai tetap diakui atas dasar suku bunga yang digunakan untuk mendiskonto arus kas masa datang dalam pengukuran kerugian penurunan nilai. Ketika peristiwa yang terjadi setelah penurunan nilai menyebabkan jumlah kerugian penurunan nilai berkurang, kerugian penurunan nilai yang sebelumnya diakui harus dipulihkan dan pemulihan tersebut diakui pada laporan laba rugi konsolidasian.
Impairment losses on financial assets carried at amortized cost are measured as the difference between the carrying amount of the financial assets and the present value of estimated future cash flows discounted at the financial assets’ original effective interest. The calculation of the present value of the estimated future cash flows of a collateralized financial asset reflects the cash flows that may result from foreclosure less costs for obtaining and selling the collateral, whether or not foreclosure is probable. Losses are recognized in the consolidated statements of income and reflected in an allowance account against financial assets carried at amortized cost. Interest on the impaired financial asset continues to be recognized using the rate of interest used to discount the future cash flows for the purpose of measuring the impairment loss. When a subsequent event causes the amount of impairment loss to decrease, the impairment loss is reversed through the consolidated statements of income.
Kerugian penurunan nilai atas efek-efek yang tersedia untuk dijual diakui dengan mengeluarkan kerugian kumulatif yang telah diakui secara langsung sebagai pendapatan komprehensif lain ke laba rugi sebagai penyesuaian reklasifikasi. Jumlah kerugian kumulatif yang direklasifikasi dari pendapatan komprehensif lain ke laba rugi merupakan selisih antara biaya perolehan, setelah dikurangi pelunasan pokok dan amortisasi, dengan nilai wajar kini, dikurangi kerugian penurunan nilai aset keuangan yang sebelumnya telah diakui pada laporan laba rugi konsolidasian. Perubahan pada penyisihan penurunan nilai yang berasal dari nilai waktu dinyatakan sebgai komponen dari pendapatan bunga.
Impairment losses on available-for-sale marketable securities are recognized by transferring the cumulative loss that has been recognized directly as other comprehensive income to profit or loss as a reclassification adjustment. The cumulative loss that is reclassified from other comprehensive income to profit or loss is the difference between the acquisition cost, net of any principal repayment and amortization, and the current fair value, less any impairment loss previously recognized in the consolidated statements of income. Changes in impairment provisions attributable to time value are reflected as a component of interest income.
* tidak diaudit
unaudited * LAMPIRAN – 5/41- SCHEDULE
233
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 2.
IKHTISAR (lanjutan)
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
n. Penyisihan kerugian penurunan nilai aset keuangan (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) n.
ACCOUNTING
Allowance for impairment losses of financial assets (continued)
Jika, pada periode/tahun berikutnya, nilai wajar efek utang yang diklasifikasikan dalam kelompok tersedia untuk dijual yang mengalami penurunan nilai meningkat dan peningkatan tersebut dapat secara obyektif dihubungkan dengan peristiwa yang terjadi setelah pengakuan kerugian penurunan nilai pada laporan laba rugi konsolidasian, maka kerugian penurunan nilai tersebut harus dipulihkan dan pemulihan tersebut diakui pada laporan laba rugi konsolidasian.
If, in a subsequent period/year, the fair value of an impaired available for sale debt security increases and the increase can be objectively related to an event occurring after the impairment loss was recognized in the consolidated statements of income, the impairment loss is reversed, with the amount of reversal recognized in the consolidated statements of income.
Jika persyaratan kredit, piutang atau efek yang dimiliki hingga jatuh tempo dinegosiasi ulang atau dimodifikasi karena debitur atau penerbit mengalami kesulitan keuangan, maka penurunan nilai diukur dengan suku bunga efektif awal yang digunakan sebelum persyaratan diubah.
If the terms of a loan, receivable or held to maturity security are renegotiated or otherwise modified because of financial difficulties of the borrower or issuer, impairment is measured using the original effective interest before the modification of terms.
Sebelum tanggal 1 Januari 2010, Bank dan Anak Perusahaan membentuk penyisihan kerugian penurunan nilai aset produktif serta taksiran kerugian atas rekening administratif (dicatat sebagai estimasi kerugian atas komitmen dan kontinjensi yang merupakan bagian dari beban yang masih harus dibayar dan liabilitas lain-lain) berdasarkan hasil penelaahan terhadap kolektibilitas dari masing-masing aset produktif dan transaksi rekening administratif yang mempunyai risiko kredit sesuai dengan Peraturan BI tentang Penilaian Kualitas Aset Bank Umum.
Prior to 1 January 2010, the Bank and Subsidiaries provided an allowance for impairment losses of productive assets and estimated losses from off-balance sheet transactions (recorded as estimated loss on commitments and contingencies which is part of accruals and other liabilities) based on the evaluation of collectibility of each individual asset and off balance sheet transactions with credit risk in accordance with BI regulation on Assets Quality Rating for Commercial Banks.
Sejak tanggal 1 Januari 2010 dan hanya berlaku untuk kegiatan perbankan syariah, Bank membentuk penyisihan kerugian penurunan nilai aset produktif serta taksiran kerugian atas rekening administratif (dicatat sebagai estimasi kerugian atas komitmen dan kontinjensi yang merupakan bagian dari beban yang masih harus dibayar dan liabilitas lain-lain) berdasarkan hasil penelaahan terhadap kolektibilitas dari masing-masing aset produktif dan transaksi rekening administratif yang mempunyai risiko kredit sesuai dengan Peraturan BI tentang Penilaian Kualitas Aset Bank Umum.
Starting 1 January 2010 and only applicable for sharia banking activities, the Bank provide an allowance for impairment losses of productive assets and estimated losses from off-balance sheet transactions (recorded as estimated loss on commitments and contingencies which is part of accruals and other liabilities) based on the evaluation of collectibility of each individual asset and off balance sheet transactions with credit risk in accordance with BI regulation on Assets Quality Rating for Commercial Banks.
Aset produktif terdiri dari giro pada bank lain, penempatan pada bank lain dan Bank Indonesia, efek-efek, tagihan derivatif, pinjaman yang diberikan, piutang pembiayaan konsumen, tagihan akseptasi, investasi dalam saham, transaksi rekening administratif yang mempunyai risiko kredit serta aset produktif yang berasal dari kegiatan perbankan syariah.
Productive assets include current accounts with other banks, placements with other banks and Bank Indonesia, marketable securities, derivative receivables, loans, consumer financing receivables, acceptance receivables, investments in shares, off-balance sheet transactions which contain credit risk and productive assets from sharia banking activities.
* tidak diaudit
unaudited * LAMPIRAN – 5/42- SCHEDULE
234
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 2.
IKHTISAR (lanjutan)
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
2.
n. Penyisihan kerugian penurunan nilai aset keuangan (lanjutan)
SUMMARY OF SIGNIFICANT POLICIES (continued) n.
ACCOUNTING
Allowance for impairment losses of financial assets (continued)
Penelaahan manajemen atas kolektibilitas masingmasing aset produktif dan transaksi rekening administratif yang mempunyai risiko kredit dilakukan berdasarkan sejumlah faktor, termasuk ketepatan pembayaran pokok dan atau bunga, keadaan ekonomi/prospek usaha saat ini maupun yang diantisipasi untuk masa yang akan datang, kondisi keuangan/kinerja debitur, kemampuan membayar dan faktor-faktor lain yang relevan. Sesuai dengan ketentuan BI, penyisihan penghapusan aset produktif dibentuk dengan acuan sebagai berikut:
Management’s evaluation on the collectibility of each individual productive asset and off-balance sheet transactions with credit risk is based on a number of factors, including punctuality of payment of principal and or interest, current and anticipated economic condition/borrower performance, financial conditions, payment ability and other relevant factors. In accordance with BI regulation, the allowance for impairment losses on productive assets is calculated using the following guidelines:
1.
Penyisihan umum sekurang-kurangnya 1% dari aset produktif dan transaksi rekening administratif yang digolongkan lancar.
1.
General allowance at a minimum of 1% of productive assets and off-balance sheet transactions that are classified as pass.
2. Penyisihan khusus untuk aset produktif dan transaksi rekening administratif:
2.
Specific allowance for productive assets and off balance sheet transactions:
Klasifikasi Dalam perhatian khusus Kurang lancar Diragukan Macet
Persentase minimum penyisihan / Minimum percentage of allowance 5% 15% 50% 100%
Classification Special mention Substandard Doubtful Loss
Penyisihan umum dibentuk untuk kerugian yang belum teridentifikasi namun diperkirakan mungkin terjadi berdasarkan pengalaman masa lalu, dari keseluruhan portofolio pinjaman.
General provisions are maintained for losses that are not yet identified but can reasonably be expected to arise, based on historical experience, from the existing overall loan portfolio.
Penyisihan khusus untuk aset produktif dan transaksi rekening administratif yang mempunyai risiko kredit yang digolongkan sebagai dalam perhatian khusus, kurang lancar, diragukan dan macet dihitung atas jumlah pokok pinjaman yang diberikan setelah dikurangi dengan nilai agunan yang diperkenankan. Pencadangan tidak dibentuk untuk porsi fasilitas yang dijamin dengan agunan tunai.
Specific allowance for productive assets and offbalance sheet transactions with credit risk classified as special mention, substandard, doubtful and loss is calculated on total loan principal after deducting the value of allowable collateral. No allowance is provided for any portion of facility backed by cash collateral.
* tidak diaudit
unaudited * LAMPIRAN – 5/43- SCHEDULE
235
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR (lanjutan)
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
n. Penyisihan kerugian penurunan nilai aset keuangan (lanjutan)
o.
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) n.
ACCOUNTING
Allowance for impairment losses of financial assets (continued)
Aset produktif dan transaksi rekening administratif yang mempunyai risiko kredit dengan klasifikasi lancar dan dalam perhatian khusus sesuai dengan peraturan BI digolongkan sebagai aset produktif dan transaksi rekening administratif yang tidak bermasalah. Sedangkan untuk aset produktif dan transaksi rekening administratif yang mempunyai risiko kredit dengan klasifikasi kurang lancar, diragukan, dan macet digolongkan sebagai aset produktif dan transaksi rekening administratif bermasalah.
Productive assets and off-balance sheet transactions with credit risk classified as pass and special mention in accordance with BI regulations are considered as performing productive assets and off-balance sheet transactions. On the other hand, productive assets and off balance sheet transactions with credit risk classified as substandard, doubtful, and loss are considered as non-performing productive assets and off-balance sheet transactions.
Penyesuaian atas penyisihan kerugian penurunan nilai dari aset dicatat dalam periode dimana penyesuaian tersebut diketahui atau dapat ditaksir secara wajar. Penyesuaian ini termasuk penambahan penyisihan kerugian penurunan nilai, maupun pemulihan aset yang telah dihapusbukukan.
Adjustments to the allowance for impairment losses from assets are reported in the period such adjustments become known or can be reasonably estimated. These adjustments include additional allowance for impairment losses, as well as recoveries of previously written-off assets.
Penyisihan kerugian penurunan nilai atas aset yang bukan aset keuangan
o.
Allowance for impairment losses on nonfinancial assets
Nilai tercatat dari aset yang bukan aset keuangan milik Bank dan Anak Perusahaan, kecuali aset pajak tangguhan, ditelaah setiap tanggal pelaporan untuk menentukan apakah terdapat indikasi penurunan nilai. Jika indikasi tersebut ada, maka nilai yang dapat diperoleh kembali dari aset tersebut akan diestimasi. Untuk Goodwill dan aset tak berwujud yang memiliki masa manfaat yang tidak dapat ditentukan atau tidak tersedia untuk digunakan, maka nilai yang dapat diperoleh kembali harus diestimasi setiap tahunnya pada saat yang sama.
The carrying amounts of the Bank and Subsidiaries’ non-financial assets, other than deferred tax assets, are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists then the asset’s recoverable amount is estimated. For goodwill and intangible assets that have indefinite useful lives or that are not yet available for use, the recoverable amount is estimated each year at the same time.
Nilai yang dapat diperoleh kembali dari suatu aset atau unit penghasil kas adalah sebesar jumlah yang lebih tinggi antara nilai pakainya dan nilai wajar aset atau unit penghasil kas dikurangi biaya untuk menjual. Dalam menilai nilai pakai, estimasi arus kas masa depan didiskontokan ke nilai sekarang dengan menggunakan tingkat diskonto sebelum pajak yang mencerminkan penilaian pasar saat ini terhadap nilai kas kini dan risiko spesifik terhadap aset tersebut.
The recoverable amount of an asset or cashgenerating unit is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset.
* tidak diaudit
unaudited * LAMPIRAN – 5/44- SCHEDULE
236
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR (lanjutan) o.
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
Penyisihan kerugian penurunan nilai atas aset yang bukan aset keuangan (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) o.
ACCOUNTING
Allowance for impairment losses on nonfinancial assets (continued)
Untuk tujuan pengujian penurunan nilai, aset yang tidak dapat diuji secara individual akan digabungkan dalam kelompok yang lebih kecil yang memberikan arus kas masuk dari penggunaan berkelanjutan yang sebagian besar independen terhadap arus kas masuk atas aset lainnya atau kelompok aset (“unit penghasil kas” atau “UPK”). Untuk tujuan penilaian penurunan nilai dari goodwill, UPK yang memperoleh alokasi Goodwill akan dijumlahkan sehingga tingkat dimana penurunan nilai diuji menunjukkan tingkat terendah dimana Goodwill tersebut dipantau untuk tujuan pelaporan internal. Goodwill yang diperoleh dari kombinasi bisnis akan dialokasikan ke kelompok UPK yang diharapkan untuk mendapatkan benefit dari sinergi atas kombinasi tersebut.
For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or groups of assets (the “cash generating unit” or “CGU”). For the purposes of goodwill impairment testing, CGUs to which goodwill has been allocated are aggregated so that the level at which impairment is tested reflects the lowest level at which goodwill is monitored for internal reporting purposes. Goodwill acquired in a business combination is allocated to groups of CGUs that are expected to benefit from the synergies of the combination.
Aset Bank dan Anak Perusahaan yang tidak dapat dialokasi tidak menghasilkan arus kas masuk yang terpisah. Jika terdapat indikasi bahwa aset Bank dan Anak Perusahaan yang tidak dapat dialokasi mungkin mengalami penurunan nilai, maka nilai yang dapat diperoleh kembali ditentukan untuk UPK dimana aset yang tidak dapat dialokasi tersebut dimiliki.
The Bank and Subsidiaries’ unallocated assets do not generate separate cash inflows. If there is an indication that an unallocated asset may be impaired, then the recoverable amount is determined for the CGU to which the unallocated asset belongs.
Penyisihan penurunan nilai diakui jika nilai tercatat dari suatu aset atau UPK melebihi nilai yang dapat diperoleh kembali. Penyisihan penurunan nilai diakui pada laporan laba rugi konsolidasian periode/tahun berjalan. Penyisihan penurunan nilai yang diakui sehubungan dengan UPK akan dialokasikan pertama kali untuk mengurangi nilai tercatat dari Goodwill yang dialokasikan ke UPK dan kemudian mengurangi nilai tercatat dari aset lainnya di dalam unit tersebut (kelompok unit) secara pro rata.
An impairment loss is recognized if the carrying amount of an asset or a CGU exceeds its recoverable amount. Impairment losses are recognized in the current period/year consolidated statements of income. Impairment losses recognized in respect of CGUs are allocated first to reduce the carrying amount of any goodwill allocated to the CGU and then to reduce the carrying amount of the other assets in the unit (group of units) on a pro rata basis.
Penyisihan penurunan nilai sehubungan dengan Goodwill tidak dapat dijurnal balik. Sehubungan dengan aset lainnya, penyisihan penurunan nilai diakui pada periode/tahun sebelumnya dinilai pada setiap tanggal pelaporan untuk melihat adanya indikasi bahwa kerugian telah menurun atau tidak ada lagi. Kerugian penurunan nilai dijurnal balik jika terdapat perubahan estimasi yang digunakan dalam menentukan nilai yang dapat diperoleh kembali.
An impairment loss in respect of goodwill is not reversed. In respect of other assets, impairment losses recognized in prior period/year are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount.
* tidak diaudit
unaudited * LAMPIRAN – 5/45- SCHEDULE
237
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR (lanjutan) o.
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
2.
Penyisihan kerugian penurunan nilai atas aset yang bukan aset keuangan (lanjutan)
SUMMARY OF SIGNIFICANT POLICIES (continued) o.
ACCOUNTING
Allowance for impairment losses on nonfinancial assets (continued)
Penyisihan kerugian penurunan nilai dijurnal balik hanya hingga nilai tercatat aset tidak melebihi nilai tercatat yang telah ditentukan, dikurangi dengan depresiasi atau amortisasi, jika penyisihan penurunan nilai tidak pernah diakui.
An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized.
Sebelum 1 Januari 2011, perseroan membentuk penyisihan penghapusan atas aset non-produktif sesuai dengan peraturan BI. Aset non-produktif terdiri dari agunan yang diambil alih, properti terbengkalai, rekening antar kantor dan suspense account.
Prior to 1 January 2011, the company provides an allowance for losses from non-productive assets in accordance with BI regulation. Non-productive assets consist of foreclosed assets, abandoned properties, inter office and suspense accounts.
Sesuai dengan peraturan BI, penggolongan aset non-produktif berupa agunan yang diambil alih dan properti terbengkalai adalah sebagai berikut:
In accordance with BI regulation, non-productive assets in form of foreclosed assets and abandoned properties are classified as follows:
Penggolongan Lancar Kurang lancar Diragukan Macet
Lama kepemilikan/ Holding year
Persentase minimum/ Minimum percentage
Sampai dengan 1 tahun/Up to 1 year Lebih dari 1 tahun sampai dengan 3 tahun/More than 1 year up to 3 years Lebih dari 3 tahun sampai dengan 5 tahun/More than 3 years up to 5 years Lebih dari 5 tahun/More than 5 years
0%
Sesuai dengan peraturan BI, penggolongan kualitas untuk aset non-produktif yang berupa rekening antar kantor dan suspense account adalah sebagai berikut:
Penggolongan
Lancar Macet
Doubtful 50% 100%
Loss
In accordance with BI regulation, the classification for non-productive assets in form of inter-office and suspense accounts are as follows:
Sampai dengan 180 hari/ Up to 180 days Lebih dari 180 hari/ More than 180 days
Penyesuaian atas penyisihan penghapusan aset non-produktif dicatat dalam periode/tahun dimana penyesuaian tersebut diketahui atau dapat ditaksir secara wajar. Termasuk dalam penyesuaian ini adalah penambahan penyisihan penghapusan aset non-produktif maupun pemulihan aset nonproduktif yang telah dihapusbukukan sebelumnya.
Pass Substandard
15%
Persentase minimum/ Minimum percentage
Umur/Aging
Classification
Classification
0%
Pass
100%
Loss
Adjustments to the allowance for losses on nonproductive assets are reported in the period/year that such adjustments become known or can be reasonably estimated. These adjustments include additional allowance for losses as well as recoveries of previously written-off non-productive assets.
* tidak diaudit
unaudited * LAMPIRAN – 5/46- SCHEDULE
238
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR (lanjutan) o.
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
Penyisihan kerugian penurunan nilai atas aset yang bukan aset keuangan (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) o.
Aset non-produktif dihapusbukukan dengan mengurangi penyisihan penghapusan yang bersangkutan apabila menurut manajemen aset tersebut tidak mungkin diperoleh kembali lagi. p.
Piutang pembiayaan konsumen
ACCOUNTING
Allowance for impairment losses on nonfinancial assets (continued) Non-productive assets are written-off against the respective allowance for losses when management believes that the recoverability of those assets in unlikely.
p.
Consumer financing receivables
Piutang pembiayaan konsumen merupakan jumlah piutang setelah dikurangi dengan bagian pembiayaan bersama, pendapatan pembiayaan konsumen yang belum diakui dan penyisihan kerugian penurunan nilai.
Consumer financing receivables are stated at net of joint financing, unearned consumer financing income and allowance for impairment losses.
Pendapatan pembiayaan konsumen yang belum diakui merupakan selisih antara jumlah keseluruhan pembayaran angsuran yang akan diterima dari konsumen dan jumlah pokok pembiayaan, yang diakui sebagai pendapatan selama jangka waktu kontrak berdasarkan suku bunga efektif dari piutang pembiayaan konsumen yang bersangkutan.
Unearned consumer financing income represents the difference between total installments to be received from the consumer and the principal amount financed, which is recognized as income over the term of the contract based on effective interest of the related consumer financing receivable.
Sejak tanggal 1 Januari 2010, piutang pembiayaan konsumen diklasifikasikan sebagai pinjaman yang diberikan dan piutang, yang setelah pengakuan awal, dicatat pada biaya perolehan diamortisasi dengan menggunakan metode suku bunga efektif (lihat Catatan 2.e.5).
Starting 1 January 2010, consumer financing receivables are classified as loans and receivables, which subsequent to initial recognition, are carried at amortized cost using the effective interest method (see Note 2.e.5).
Piutang pembiayaan konsumen yang pembayaran angsurannya menunggak lebih dari 90 hari diklasifikasikan sebagai piutang bermasalah dan pendapatan pembiayaan konsumen diakui pada saat pendapatan tersebut diterima (cash basis). Penyelesaian kontrak sebelum masa pembiayaan konsumen berakhir diperlakukan sebagai pembatalan kontrak pembiayaan konsumen dan keuntungan atau kerugian yang timbul diakui dalam laporan laba rugi konsolidasian periode/tahun berjalan.
Consumer financing receivables which installments are overdue for more than 90 days are classified as non-performing receivables and the related consumer financing income is recognized only when it is actually collected (cash basis). Early termination of a contract is treated as a cancellation of an existing contract and the resulting gain or loss is recognized in the current period/year consolidated statements of income.
Sebelum 1 Januari 2011, pada saat piutang pembiayaan konsumen diklasifikasikan sebagai piutang bermasalah, pendapatan pembiayaan konsumen yang telah diakui tetapi belum tertagih dibatalkan pengakuannya.
Prior to 1 January 2011, when the consumer financing receivables are classified as nonperforming receivables, any consumer financing income recognized but not collected is reversed.
* tidak diaudit
unaudited * LAMPIRAN – 5/47- SCHEDULE
239
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR (lanjutan) p.
q.
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
Piutang pembiayaan konsumen (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) p.
Consumer financing receivables (continued)
Pembiayaan bersama
Joint financing
Dalam pembiayaan bersama antara Bank dan Anak Perusahaan, Anak Perusahaan berhak menentukan tingkat bunga yang lebih tinggi kepada konsumen dibandingkan tingkat bunga yang ditetapkan dalam perjanjian pembiayaan bersama dengan Bank.
In joint financing arrangements between Bank and Subsidiaries, the Subsidiaries have the right to set higher interest rates to the consumers than the interest rates stated in the joint financing agreement with the Bank.
Seluruh kontrak pembiayaan bersama yang dilakukan oleh Anak Perusahaan merupakan pembiayaan bersama tanpa tanggung renteng (without recourse) dimana hanya porsi jumlah angsuran piutang yang dibiayai Anak Perusahaan yang dicatat sebagai piutang pembiayaan konsumen di laporan posisi keuangan konsolidasian (pendekatan neto). Pendapatan pembiayaan konsumen disajikan pada laporan laba rugi konsolidasian setelah dikurangi dengan bagian yang merupakan hak pihak-pihak lain yang berpartisipasi pada transaksi pembiayaan bersama tersebut.
All joint financing contracts entered by the Subsidiaries represent joint financing without recourse in which only the Subsidiaries’ financing portion of the total installments are recorded as consumer financing receivables in the consolidated statements of financial position (net approach). Consumer financing income is presented in the consolidated statements of income after deducting the portions belong to other parties participated to these joint financing transactions.
Piutang premi
q.
Piutang premi asuransi Anak Perusahaan disajikan bersih setelah dikurangi dengan penyisihan kerugian penurunan nilai. Piutang dihapusbukukan pada saat piutang tersebut dipastikan tidak akan tertagih. r.
ACCOUNTING
Aset tak berwujud
Premiums receivable Insurance premium receivables on the Subsidiary are recorded net of allowance for impairment losses. The receivables are written-off when they are determined to be uncollectible.
r.
Intangible assets
Aset tak berwujud terdiri dari goodwill dan perangkat lunak yang dibeli Bank dan Anak Perusahaan.
Intangible assets consist of goodwill and software acquired by the Bank and Subsidiaries.
1. Goodwill
1. Goodwill
Goodwill merupakan selisih lebih antara harga perolehan investasi dan bagian Bank atas nilai wajar aset bersih Anak Perusahaan yang diakuisisi pada tanggal akuisisi.
Goodwill represents the excess of the acquisition cost over the Bank’s share of fair value of the acquired subsidiaries’ net assets at the date of the acquisition.
Sejak tanggal 1 Januari 2011, Goodwill tidak diamortisasi. Goodwill untuk selanjutnya disajikan sebesar harga perolehan dikurangi dengan akumulasi penurunan nilai.
Starting 1 January 2011, Goodwill is not amortized. Goodwill is subsequently measured at cost less accumulated impairment losses.
* tidak diaudit
unaudited * LAMPIRAN – 5/48- SCHEDULE
240
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 2.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
IKHTISAR KEBIJAKAN AKUNTANSI PENTING (lanjutan) r.
Aset tak berwujud (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) r.
1. Goodwill (lanjutan)
ACCOUNTING
Intangible assets (continued) 1. Goodwill (continued)
Sebelum tanggal 1 Januari 2011, Goodwill disajikan sebesar harga perolehan dikurangi dengan akumulasi amortisasi. Goodwill diamortisasi dengan metode garis lurus selama periode 8 dan 10 tahun. Bank menentukan estimasi manfaat ekonomi atas goodwill berdasarkan penilaian atas perusahaan yang dibeli, dengan mempertimbangkan beberapa faktor seperti potensi pertumbuhan, sinergi yang diharapkan dan faktor-faktor inheren lainnya. 2. Perangkat Lunak
Prior to 1 January 2011, Goodwill is subsequently measured at cost less accumulated amortization. Goodwill is amortized using the straight-line method over a period of 8 and 10 years. The Bank determines the estimated useful life of goodwill based on its assessment of the acquired company, with consideration of factors such as potential growth, expected synergy and others factors inherent in the acquired company. 2. Software
Perangkat lunak yang dibeli oleh Bank dan Anak Perusahaan dicatat sebesar biaya perolehan dikurangi akumulasi amortisasi dan akumulasi kerugian penurunan nilai.
Software acquired by Bank and Subsidiaries is stated at cost less accumulated amortization and accumulated impairment losses.
Pengeluaran untuk pengembangan perangkat lunak secara internal diakui sebagai aset ketika Bank dan Anak Perusahaan dapat mendemostrasikan maksud dan kemampuannya untuk menyelesaikan pengembangan dan memakai perangkat lunak tersebut dalam menghasilkan keuntungan ekonomis dimasa mendatang, dan dapat secara handal mengukur biaya untuk menyelesaikan pengembangan. Biaya yang dikapitalisasi dari pengembangan perangkat lunak secara internal mencakup semua biaya yang dapat diatribusikan langsung yang dinyatakan pada biaya yang dikapitalisasi dikurangi akumulasi amortisasi dan penurunan nilai.
Expenditure on internally developed software is recognized as an asset when the Bank and Subsidiaries are able to demonstrate its intention and ability to complete the development and use the software in a manner that will generate future economic benefits, and can reliably measure the costs to complete the development. The capitalized costs of internally developed software include all costs directly attributable to develop the software, and are amortized over its useful life. Internally developed software is stated at capitalized cost less accumulated amortization and impairment losses.
Pengeluaran selanjutnya untuk perangkat lunak akan dkapitalisasi hanya jika pengeluaran tersebut menambah manfaat ekonomis aset yang bersangkutan di masa mendatang. Semua pengeluaran lainnya dibebankan pada saat terjadinya.
Subsequent expenditure on software assets is capitalized only when it increases the future economic benefits embodied in the specific asset to which it relates. All other expenditure is expensed as incurred.
Amortisasi diakui dalam laporan laba rugi konsolidasian dengan menggunakan metode garis lurus sepanjang masa manfaat dari perangkat lunak tersebut, dari tanggal perangkat lunak tersebut tersedia untuk dipakai. Estimasi masa manfaat dari perangkat lunak adalah lima tahun.
Amortization is recognized in consolidated statements of income on a straight-line basis over the estimated useful life of the software, from the date that it is available for use. The estimated useful life of software is five years.
* tidak diaudit
unaudited * LAMPIRAN – 5/49- SCHEDULE
241
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 2.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
IKHTISAR KEBIJAKAN AKUNTANSI PENTING (lanjutan) r.
2.
Aset tak berwujud (lanjutan)
SUMMARY OF SIGNIFICANT POLICIES (continued) r.
2. Perangkat Lunak (lanjutan)
Intangible assets (continued) 2. Software (continued)
Metode amortisasi, estimasi masa manfaat dan nilai residual ditelaah pada setiap akhir periode/tahun pelaporan dan disesuaikan jika dianggap tepat. s.
ACCOUNTING
Aset tetap dan penyusutan
Amortization method, useful lives and residual values are reviewed at each financial period-end/year-end and adjusted if appropriate. s.
Fixed assets and depreciation
Aset tetap pada awalnya dinyatakan sebesar harga perolehan. Setelah pengukuran awal, aset tetap diukur dengan model biaya, dicatat pada harga perolehan dikurangi akumulasi penyusutan dan akumulasi penurunan nilai.
Fixed assets are initially recognized at acquisition cost. After initial measurement, fixed assets are measured using the cost model, carried at its cost less any accumulated depreciation and accumulated impairment losses.
Harga perolehan mencakup harga pembelian dan semua beban yang terkait secara langsung untuk membawa aset tersebut ke lokasi dan kondisi yang diperlukan untuk memungkinkan aset tersebut beroperasi sebagaimana ditentukan oleh manajemen.
Acquisition cost includes purchase price and any costs directly attributable to bringing the assets to the location and condition necessary for it to be capable of operating in the manner intended by management.
Tanah dinyatakan sebesar harga perolehan dan tidak disusutkan.
Land is stated at cost and not depreciated.
Penyusutan aset tetap selain tanah dihitung dengan menggunakan metode garis lurus untuk mengalokasikan harga perolehan hingga mencapai nilai sisa sepanjang estimasi masa manfaatnya sebagai berikut:
Depreciation of fixed assets other than land are calculated on the straight-line method to allocate their cost to their residual values over their estimated useful lives as follows:
Tahun/Years Bangunan Perlengkapan kantor Kendaraan bermotor
20 4-5 3-5
Buildings Office equipment Motor vehicles
Apabila aset tetap tidak digunakan lagi atau dijual, maka nilai tercatat dan akumulasi penyusutannya dikeluarkan dari laporan posisi keuangan konsolidasian, dan keuntungan dan kerugian yang terjadi diakui dalam laporan laba rugi konsolidasian.
When fixed assets are retired or otherwise disposed of, their carrying values and the related accumulated depreciation are removed from the consolidated statements of financial position, and the resulting gains and losses are recognised in the consolidated statements of income.
Akumulasi beban konstruksi aset tetap dikapitalisasi sebagai aset dalam penyelesaian. Beban tersebut direklasifikasi ke aset tetap pada saat proses konstruksi selesai. Penyusutan mulai dibebankan pada bulan yang sama.
The accumulated costs of the construction of fixed assets are capitalised as construction in progress. These costs are reclassified to fixed assets when the construction is completed. Depreciation is charged from such month.
* tidak diaudit
unaudited * LAMPIRAN – 5/50- SCHEDULE
242
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR (lanjutan) s.
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
Aset tetap dan penyusutan (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) s.
Beban perbaikan dan pemeliharaan dibebankan ke dalam laporan laba rugi konsolidasian periode/tahun berjalan. Beban renovasi dan penambahan yang jumlahnya signifikan dicatat sebagai bagian dari nilai tercatat aset yang bersangkutan apabila kemungkinan besar Bank dan Anak Perusahaan akan mendapatkan manfaat ekonomi masa depan dari aset tersebut yang melebihi standar kinerja yang diperkirakan sebelumnya. t.
u.
Agunan yang diambil alih
ACCOUNTING
Fixed assets and depreciation (continued) Repair and maintenance costs are charged to the current period/year consolidated statements of income. Significant cost of renovation and betterments is included in the carrying amount of the assets when it is probable that future economic benefits in excess of the originally assessed standard of performance of the existing assets will flow to the Bank and Subsidiaries.
t.
Repossessed assets
Agunan yang diambil alih sehubungan dengan penyelesaian kredit dinyatakan berdasarkan nilai terendah antara nilai tercatat pinjaman yang diberikan terkait atau nilai realisasi bersih dari agunan yang diambil alih. Nilai realisasi bersih adalah nilai wajar agunan yang diambil alih setelah dikurangi beban pelepasan. Selisih lebih antara nilai tercatat dan nilai realisasi bersih dicatat sebagai penyisihan penurunan nilai atas agunan yang diambil alih dan dibebankan pada laporan laba rugi konsolidasian periode/tahun berjalan.
Repossessed assets acquired in conjunction with settlement of loans are stated at the lower of related loans’ carrying value or net realisable value of the repossessed assets. Net realisable value is the fair value of the repossessed assets after deducting the estimated cost of disposal. The excess between the carrying value and the net realisable value is recorded as allowance for decline in value of repossessed assets and is charged to the current period/year consolidated statements of income.
Beban-beban sehubungan dengan perolehan dan pemeliharaan agunan yang diambil alih tersebut dibebankan pada saat terjadinya.
Expenses in relation with the acquisition and maintenance of those repossessed assets are charged as incurred.
Piutang lain-lain
u.
Other receivables
Salah satu bagian dari aset lain-lain adalah piutang lain-lain yang merupakan piutang yang berasal dari jaminan kendaraan dan barang-barang konsumsi milik konsumen untuk pelunasan piutang pembiayaan konsumen, yang dinyatakan sebesar nilai terendah antara nilai tercatat piutang pembiayaan konsumen terkait atau nilai realisasi bersih dari jaminan kendaraan dan barang-barang konsumsi milik konsumen tersebut. Selisih antara nilai tercatat dan nilai realisasi bersih dicatat sebagai penyisihan kerugian penurunan nilai piutang lain-lain dan dibebankan pada laporan laba rugi konsolidasian periode/tahun berjalan.
A part of other assets is other receivables which represent the receivables deriving from motor vehicles and consumer goods collateral owned by customers for settlement of their consumer financing receivables, which is presented at the lower of carrying value of the related consumer financing receivables or net realizable value of the motor vehicles and consumer goods collaterals. The difference between the carrying value and the net realizable value is recorded as allowance for impairment losses of other receivables and is charged to the current period/year consolidated statements of income.
Anak Perusahaan menerima kendaraan dan barang-barang konsumsi dari konsumen dan membantu untuk menjual kendaraan dan barangbarang konsumsi tersebut sehingga konsumen dapat melunasi utang pembiayaan konsumennya.
The Subsidiaries receive motor vehicles and consumer goods from customers and assist them in selling their motor vehicles and consumer goods so that the customers are able to settle their consumer financing payables.
* tidak diaudit
unaudited * LAMPIRAN – 5/51- SCHEDULE
243
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR (lanjutan) u.
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
Piutang lain-lain (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) u.
Konsumen memberi kuasa kepada Anak Perusahaan untuk menjual kendaraan dan barang-barang konsumsi ataupun melakukan tindakan lainnya dalam upaya penyelesaian piutang pembiayaan konsumen bila terjadi wanprestasi terhadap perjanjian pembiayaan. Konsumen berhak atas selisih lebih antara nilai penjualan dari kendaraan dan barang-barang konsumsi dengan saldo piutang pembiayaan konsumen. Jika terjadi selisih kurang, kerugian yang terjadi dibebankan pada laporan laba rugi konsolidasian periode/tahun berjalan. v.
Tagihan dan liabilitas akseptasi
ACCOUNTING
Other receivables (continued) The customer gives the right to the Subsidiaries to sell the motor vehicles and durable goods or take any other actions to settle the outstanding consumer financing receivables in the events of default. Customers are entitled to the positive differences between the proceeds from sales of motor vehicles and consumer goods and the outstanding consumer financing receivables. If the differences are negative, the resulting losses are charged to the current period/year consolidated statements of income.
v.
Acceptance receivables and payables
Sejak tanggal 1 Januari 2010, setelah pengakuan awal, tagihan dan liabilitas akseptasi dicatat pada biaya perolehan diamortisasi.
Starting 1 January 2010, after initial recognition, acceptance receivables and payables are carried at amortized cost.
Sebelum tanggal 1 Januari 2010, tagihan dan liabilitas akseptasi dinyatakan sebesar nilai nominal Letter of Credit (“L/C”) atau nilai realisasi L/C yang diaksep oleh bank pengaksep, dikurangi penyisihan kerugian penurunan nilai.
Prior to 1 January 2010, acceptance receivables and payables are stated at the nominal value of the Letter of Credit (“L/C”) or realisable value of the L/C accepted by the accepting bank, less allowance for impairment losses.
w. Simpanan nasabah dan simpanan dari bank lain
w. Deposits from customers and deposits from other banks
Sejak tanggal 1 Januari 2010, simpanan nasabah dan simpanan dari bank lain pada awalnya diukur pada nilai wajar ditambah biaya transaksi yang dapat diatribusikan secara langsung dan setelah pengakuan awal diukur pada biaya perolehan diamortisasi dengan menggunakan metode suku bunga efektif.
Starting 1 January 2010, deposits from customers and deposits from other banks are initially measured at fair value plus directly attributable transaction costs and subsequently measured at their amortized cost using the effective interest method.
Sebelum tanggal 1 Januari 2010, simpanan nasabah dan simpanan dari bank lain, dinyatakan sebesar nilai liabilitas Bank kepada nasabah dan bank lain.
Prior to 1 January 2010, deposits from customers and deposits from other banks are stated at the amounts payable to the account holders and other banks.
* tidak diaudit
unaudited * LAMPIRAN – 5/52- SCHEDULE
244
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 2.
IKHTISAR (lanjutan) x.
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
Pendapatan dan beban bunga
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) x.
ACCOUNTING
Interest income and expenses
Sejak tanggal 1 Januari 2010, pendapatan dan beban bunga diakui dalam laporan laba rugi konsolidasian dengan menggunakan metode suku bunga efektif. Suku bunga efektif adalah tingkat suku bunga yang secara tepat mendiskontokan estimasi pembayaran dan penerimaan kas di masa datang selama perkiraan umur dari aset keuangan atau liabilitas keuangan (atau, jika lebih tepat, digunakan tahun yang lebih singkat) untuk memperoleh nilai tercatat dari aset keuangan atau liabilitas keuangan. Pada saat menghitung suku bunga efektif, Bank dan Anak Perusahaan mengestimasi arus kas di masa datang dengan mempertimbangkan seluruh persyaratan kontraktual dalam instrumen keuangan tersebut, tetapi tidak mempertimbangkan kerugian kredit di masa mendatang.
Starting 1 January 2010, interest income and expenses are recognized in the consolidated statements of income using the effective interest method. The effective interest is the rate that exactly discounts the estimated future cash payments and receipts through the expected life of the financial asset or financial liability (or, where appropriate, a shorter year) to the carrying amount of the financial asset or financial liability. When calculating the effective interest, the Bank and Subsidiaries estimate future cash flows considering all contractual terms of the financial instrument but not future credit losses.
Perhitungan suku bunga efektif mencakup biaya transaksi (Catatan 2.e.2) dan seluruh imbalan/provisi dan bentuk lain yang dibayarkan atau diterima yang merupakan bagian tak terpisahkan dari suku bunga efektif.
The calculation of effective interest includes transaction costs (Note 2.e.2) and all fees and points paid or received that are an integral part of the effective interest.
Pendapatan dan beban bunga yang disajikan di dalam laporan laba rugi konsolidasian meliputi:
Interest income and expenses presented in the consolidated statements of income include:
x
Bunga atas aset keuangan dan liabilitas keuangan yang dicatat pada biaya perolehan diamortisasi yang dihitung dengan menggunakan suku bunga efektif;
x
Interest on financial assets and financial liabilities at amortized cost calculated on an effective interest basis;
x
Bunga atas aset keuangan untuk tujuan investasi yang tersedia untuk dijual yang dihitung menggunakan suku bunga efektif;
x
Interest on available-for-sale financial assets calculated on an effective interest basis;
x
Bunga atas semua aset yang diklasifikasikan dalam kelompok diperdagangkan. Pendapatan bunga dari semua aset keuangan yang diperdagangkan dipandang insidentil terhadap kegiatan perdagangan Bank.
x
Interest on all trading assets. Interest income on all trading financial assets are considered to be incidental to the Bank’s trading operations.
Kredit yang pembayaran angsuran pokok atau bunganya telah lewat 90 hari atau lebih setelah jatuh tempo, atau yang pembayarannya secara tepat waktu diragukan, secara umum diklasifikasikan sebagai kredit yang mengalami penurunan nilai (2009 sebagai kredit nonperforming). Kredit non-performing pada tahun 2009 terdiri dari kredit yang digolongkan sebagai kurang lancar, diragukan dan macet.
Loans which their principal and interest have been past due for 90 days or more, or where reasonable doubt exist as to the timely collection, are generally classified as impaired loans (2009 as non-performing loans). Non-performing loans in 2009 consist of loans classified as substandard, doubtful and loss.
* tidak diaudit
unaudited * LAMPIRAN – 5/53- SCHEDULE
245
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 2.
IKHTISAR (lanjutan) x.
y.
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
Pendapatan dan beban bunga (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) x.
ACCOUNTING
Interest income and expenses (continued)
Seluruh penerimaan kas atas kredit yang diklasifikasikan sebagai diragukan atau macet, diakui terlebih dahulu sebagai pengurang pokok kredit. Kelebihan penerimaan kas di atas pokok kredit diakui sebagai pendapatan bunga dalam laporan laba rugi konsolidasian tahun berjalan.
All cash receipts from loans classified as doubtful or loss are applied as a reduction to the principal first. The excess of cash receipts over the outstanding principal is recognised as interest income in the current year consolidated statements of income.
Sebelum 1 Januari 2011, bunga yang telah diakui tetapi belum tertagih akan dibatalkan pada saat kredit diklasifikasikan sebagai kredit yang mengalami penurunan nilai (2009 sebagai nonperforming).
Prior to 1 January 2011, interest accrued but not yet collected is reversed when loans are classified as impaired loans (2009 as non-performing).
Pengakuan pendapatan bunga dari pinjaman yang diberikan (kredit) dan piutang pembiayaan konsumen dihentikan pada saat kredit dan piutang pembiayaan konsumen tersebut diklasifikasikan sebagai non-performing (kurang lancar, diragukan dan macet). Pendapatan bunga dari kredit, dan piutang pembiayaan konsumen yang diklasifikasikan sebagai non-performing dilaporkan sebagai tagihan kontinjensi dan diakui sebagai pendapatan pada saat pendapatan tersebut diterima (cash basis).
The recognition of interest income on loans and consumer financing receivables is discontinued when the loans and consumer financing receivables are classified as non-performing (substandard, doubtful and loss). Interest income from non-performing loans and consumer financing receivables is reported as contingent receivables and to be recognised as income when the cash is received (cash basis).
Pendapatan dan beban underwriting
y.
Underwriting income and expenses
Pendapatan premi bruto diakui sejak berlakunya polis.
Gross premium income is recognised at the inception of the policy.
Pendapatan premi bruto asuransi yang berjangka waktu lebih dari satu tahun diakui sebagai pendapatan premi tangguhan dan diamortisasi sesuai dengan periode berlakunya polis asuransi.
Gross premium income with a term of more than one year is recognised as deferred premium income and amortized over the period of the insurance policy.
Premi bruto mencakup premi koasuransi sebesar bagian pertanggungan Anak Perusahaan.
Gross premiums include the Subsidiary’s share of coinsurance policy premiums.
Pendapatan underwriting bersih ditentukan setelah memperhitungkan cadangan untuk premi yang belum merupakan pendapatan, estimasi klaim retensi sendiri dan komisi. Metode yang digunakan untuk menentukan cadangan tersebut adalah sebagai berikut:
Net underwriting income is determined net after making provisions for unearned premium reserves, estimated own retention claims and commissions. The methods used to determine these provisions are as follows:
* tidak diaudit
unaudited * LAMPIRAN – 5/54- SCHEDULE
246
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR (lanjutan) y.
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
Pendapatan dan beban underwriting (lanjutan)
i)
Premi yang belum merupakan pendapatan Premi yang belum merupakan pendapatan dihitung dengan menggunakan persentase agregat dari premi bersih tanggungan sendiri dengan tarif 40%, kecuali untuk produk asuransi kesehatan dengan perjanjian reasuransi inward yang dicatat berdasarkan statement of account dari pihak lawan dimana premi yang belum merupakan pendapatan dihitung secara bulanan pro-rata selama sisa periode asuransi.
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) y.
Underwriting (continued) i)
Secara keseluruhan, premi yang belum merupakan pendapatan tidak lebih rendah dari ketentuan minimum yang diatur dalam Keputusan Menteri Keuangan No. 424/KMK.06/2003, yaitu 10% dari premi neto untuk polis dengan masa pertanggungan tidak lebih dari satu bulan dan 40% dari premi neto untuk polis dengan masa pertanggungan lebih dari satu bulan. ii)
Estimasi klaim retensi sendiri Cadangan klaim retensi sendiri merupakan estimasi kewajiban atas beban klaim dalam proses, setelah dikurangi pemulihan klaim dari reasuradur, termasuk klaim yang telah terjadi namun belum dilaporkan (incurred but not reported) pada tanggal pelaporan.
income
ACCOUNTING
and
expenses
Unearned premium reserve The unearned premium reserve is calculated based on the aggregate percentage of net premiums written at the rate of 40%, except for health insurance product entered under an inward reinsurance agreement which is recorded based on the statement of account from the counterparty, which calculated the unearned premium reserve on a monthly prorata basis for the remaining insurance period.
In overall, the unearned premium reserve shall not be less than the minimum requirement regulated under the Minister of Finance Decree No. 424/KMK.06/2003, i.e. 10% of net premiums for policies with coverage period of not more than one month and 40% of net premiums for policies with coverage period of more than one month.
ii)
Estimated own retention claims Estimated claims retained is the estimated obligation in respect of claims in process, net of reinsurance recoveries, including incurred but not reported claims as of the reporting date.
Beban klaim
Claim expenses
Beban klaim dicatat pada saat terjadinya kerugian. Beban klaim meliputi klaim yang telah disetujui, estimasi beban klaim yang masih dalam proses penyelesaian, estimasi beban klaim yang terjadi namun belum dilaporkan (“IBNR”), setelah dikurangi pemulihan klaim dari reasuradur.
Claims expenses are recognised when an insured loss is incurred. It includes claims approved, an estimate of the liability for claims reported but not yet approved, an estimate of incurred-but-not-reported (“IBNR”) claims, net of reinsurance recoveries.
Perubahan jumlah estimasi kewajiban klaim, sebagai akibat proses penelaahan lebih lanjut dan perbedaan antara jumlah estimasi klaim dengan klaim yang dibayarkan, diakui dalam laporan laba rugi konsolidasian pada periode/tahun terjadinya perubahan.
Changes in the amount of estimated claim liabilities as a result of further review and differences between estimated claims and claims paid are recognised in the consolidated statement of income in the period/year when the changes occur.
Penerimaan dari hak subrogasi dan pendapatan residu dicatat sebagai pengurang beban klaim pada saat jumlahnya telah diketahui dengan pasti.
Recoveries under subrogation rights and salvage are recorded as a reduction of claim expenses when the amount is known.
* tidak diaudit
unaudited * LAMPIRAN – 5/55- SCHEDULE
247
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR (lanjutan) z.
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
Pendapatan dan beban provisi dan komisi
2.
SUMMARY OF SIGNIFICANT POLICIES (continued) z.
ACCOUNTING
Fees and commission income and expense
Sejak tanggal 1 Januari 2010, pendapatan dan beban provisi dan komisi yang signifikan yang merupakan bagian tak terpisahkan dari suku bunga efektif atas aset keuangan atau liabilitas keuangan dimasukkan ke dalam perhitungan suku bunga efektif.
Starting 1 January 2010, significant fees and commission income and expenses that are integral to the effective interest on a financial asset or financial liability are included in the calculation of effective interest.
Pendapatan provisi dan komisi lainnya termasuk provisi yang terkait dengan kegiatan perkreditan, kegiatan ekspor-impor, provisi sebagai pengatur sindikasi dan provisi atas jasa diakui pada saat jasa tersebut dilakukan.
Other fees and commission income, including credit related fees, export-import related fees, syndication lead arranger fees, and services fees are recognized as the related services are performed.
Beban provisi dan komisi lainnya sehubungan dengan transaksi antar bank diakui sebagai beban pada saat jasa tersebut diterima.
Other fees and commission expense related mainly to inter-bank transactions which are expensed as the services are received.
Sebelum tanggal 1 Januari 2010, pendapatan dan beban provisi dan komisi yang berkaitan langsung dengan kegiatan pemberian pinjaman Bank, dan/atau mempunyai jangka waktu tertentu dan jumlahnya signifikan diakui sebagai pendapatan ditangguhkan/beban dibayar dimuka dan diamortisasi dengan menggunakan metode garis lurus selama jangka waktu pinjaman. Apabila pinjaman diselesaikan sebelum jatuh tempo, maka saldo pendapatan provisi dan komisi yang belum diamortisasi, diakui pada saat pinjaman diselesaikan.
Prior to 1 January 2010, significant fees and commission income which are directly related to the Bank’s lending activities, and/or related to a specific period and the amount is significant, are recognized as unearned income/prepaid expenses and amortized using a straight-line method over the term of the related loans. The outstanding balances of unamortized fees and commissions on loans terminated or settled prior to maturity are recognised as income at settlement.
aa. Laba atau rugi dari perubahan nilai wajar instrumen keuangan
aa. Gain or loss from changes in fair value of financial instruments
Laba atau rugi dari perubahan nilai wajar instrumen keuangan merupakan perubahan nilai wajar efek-efek dan Obligasi Pemerintah yang diperdagangkan dan instrumen derivatif.
Gain or loss from changes in fair value of financial instruments represents changes in fair value of trading marketable securities and Government Bonds and derivative instruments.
ab. Reasuransi
ab. Reinsurance
Anak Perusahaan mempunyai kontrak reasuransi treaty proporsional dan non-proporsional, dan facultative dengan perusahaan asuransi dan reasuransi di dalam maupun di luar negeri. Tujuan reasuransi ini adalah untuk membagi risiko yang melebihi kapasitas retensi Anak Perusahaan. Penerimaan pemulihan yang diharapkan dari reasuradur dicatat sebagai klaim reasuransi.
The Subsidiary has proportional and nonproportional treaty reinsurance, as well as facultative reinsurance contracts with local and foreign insurance and reinsurance companies. The objective of the reinsurance is to cede the risks exceeding the Subsidiary’s retention capacity. Expected reinsurance recoveries are recorded as reinsurance claims.
* tidak diaudit
unaudited * LAMPIRAN – 5/56- SCHEDULE
248
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR (lanjutan)
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
ab. Reasuransi (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued)
ACCOUNTING
ab. Reinsurance (continued)
Beban premi reasuransi dicatat sebagai pengurang dari pendapatan premi bruto. Apabila reasuradur gagal memenuhi kewajibannya, maka Anak Perusahaan tetap memiliki kewajiban kepada pemegang polis atas kerugian yang telah direasuransikan. ac. Obligasi yang diterbitkan
Reinsurance premium cost is presented as a reduction of gross premium income. The Subsidiary remains liable to the policy holders for reinsured losses in the event the reinsurers are unable to meet their obligations.
ac. Bonds issued
Obligasi yang diterbitkan dicatat sebesar nilai nominal dikurangi saldo diskonto yang belum diamortisasi. Beban emisi obligasi sehubungan dengan penerbitan obligasi diakui sebagai diskonto dan dikurangkan langsung dari hasil emisi obligasi. Diskonto diamortisasi selama jangka waktu obligasi tersebut dengan menggunakan metode suku bunga efektif (sebelum 1 Januari 2010 dengan menggunakan metode garis lurus). ad. Pinjaman subordinasi
Bonds issued are presented at nominal value, net of unamortized discounts. Bond issuance costs in connection with the issuance of bonds are recognised as discounts and directly deducted from the proceeds of bonds issued. The discounts are amortized over the period of the bonds using the effective interest method (prior to 1 January 2010 using the straight-line method).
ad. Subordinated debts
Pinjaman subordinasi dicatat sebesar nilai nominal dikurangi saldo diskonto yang belum diamortisasi. Selisih antara nilai nominal dengan kas yang diterima diakui sebagai diskonto atau premi dan diamortisasi sepanjang jangka waktu pinjaman berdasarkan metode suku bunga efektif (sebelum 1 Januari 2010 dengan menggunakan metode garis lurus). ae. Perpajakan
Subordinated debts are presented at nominal value, net of unamortized discounts. The differences between nominal value and cash received are recognised as discounts or premium and amortized over the period of the debts using the effective interest method (prior to 1 January 2010 using the straight-line method).
ae. Taxation
Beban pajak terdiri dari beban pajak kini dan beban pajak tangguhan. Beban pajak diakui pada laporan laba rugi konsolidasian kecuali untuk item yang langsung diakui di komponen ekuitas lainnya, dimana beban pajak yang terkait dengan item tersebut diakui di pendapatan komprehensif lain.
Income tax expense comprises of current and deferred tax. Income tax expense is recognized in the consolidated statement of income except to the extent it relates to items recognized directly in other equity components, in which case it is recognized in other comprehensive income.
Beban pajak kini adalah utang pajak yang ditentukan berdasarkan laba kena pajak untuk periode/tahun yang bersangkutan yang dihitung berdasarkan tarif pajak yang berlaku atau yang secara substansial telah berlaku pada tanggal pelaporan.
Current tax is the expected tax payable on the taxable income for the period/year, using tax rates enacted or substantively enacted at the reporting date.
* tidak diaudit
unaudited * LAMPIRAN – 5/57- SCHEDULE
249
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 2.
IKHTISAR (lanjutan)
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
ae. Perpajakan (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued)
ACCOUNTING
ae. Taxation (continued)
Bank dan Anak Perusahaan menerapkan metode aset dan liabilitas dalam menghitung beban pajaknya. Dengan metode ini, aset dan liabilitas pajak tangguhan diakui pada setiap tanggal pelaporan sebesar perbedaan temporer aset dan liabilitas untuk tujuan akuntansi dan tujuan pajak. Metode ini juga mengharuskan pengakuan manfaat pajak di masa akan datang, jika kemungkinan realisasi manfaat tersebut di masa mendatang cukup besar (probable). Tarif pajak yang berlaku atau yang secara substansial telah berlaku digunakan dalam menentukan pajak penghasilan tangguhan.
The Bank and Subsidiaries adopt the asset and liability method in determining its income tax expense. Under this method, deferred tax assets and liabilities are recognised at each reporting date for temporary differences between the financial and tax bases of assets and liabilities. This method also requires the recognition of future tax benefits, to the extent that realization of such benefits is probable. Currently enacted or substantially enacted tax rates are used in the determination of deferred income tax.
Aset pajak tangguhan diakui apabila terdapat kemungkinan besar bahwa jumlah laba fiskal pada masa datang akan memadai untuk mengkompensasi perbedaan temporer yang menimbulkan aset pajak tangguhan tersebut.
Deferred tax assets are recognised to the extent that it is probable that future taxable profit will be available to compensate the temporary differences which result in such deferred tax assets.
Perubahan terhadap kewajiban perpajakan dicatat pada saat diterimanya surat ketetapan, atau apabila dilakukan banding, ketika hasil banding diterima.
Amendments to taxation obligations are recorded when an assessment is received or, if appeal is applied, when the results of the appeal are received.
af. Imbalan kerja
af. Employee benefits
Kewajiban imbalan pasca-kerja
Obligation for post-employment benefits
Bank dan Anak Perusahaan memiliki berbagai program pensiun sesuai dengan peraturan perundang-undangan yang berhubungan dengan ketenagakerjaan atau kebijakan yang dimiliki oleh Bank dan Anak Perusahaan. Program-program ini pada umumnya didanai melalui pembayaran kepada pengelola dana pensiun yang jumlahnya ditentukan berdasarkan perhitungan aktuaria yang dilakukan secara berkala.
The Bank and Subsidiaries have various pension schemes in accordance with prevailing laborrelated laws and regulations or Bank and Subsidiaries’ policies. The schemes are generally funded through payments to trustee-administered funds at an amount as determined by periodic actuarial calculations.
Program pensiun imbalan pasti adalah program pensiun yang menentukan jumlah imbalan pensiun yang akan diberikan, biasanya berdasarkan satu faktor atau lebih seperti usia, masa kerja atau kompensasi. Program pensiun iuran pasti adalah program pensiun dimana perusahaan akan membayar iuran tetap kepada sebuah entitas yang terpisah (dana pensiun) dan tidak memiliki kewajiban hukum atau konstruktif untuk membayar kontribusi lebih lanjut apabila dana pensiun tersebut tidak memiliki aset yang memadai untuk membayar seluruh imbalan karyawan yang timbul dari pelayanan yang diberikan oleh karyawan pada masa kini dan masa lalu.
A defined benefit pension plan is a pension plan that defines an amount of pension benefits to be provided, usually as a function of one or more factors such as age, years of services or compensation. A defined contribution plan is a pension plan under which a company pays fixed contributions to a separate entity (a fund) and will have no legal or constructive obligations to pay further contributions if the fund does not hold sufficient assets to pay all employees benefits relating to employee service in the current and prior periods.
* tidak diaudit
unaudited * LAMPIRAN – 5/58- SCHEDULE
250
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 2.
IKHTISAR (lanjutan)
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
af. Imbalan kerja (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued)
ACCOUNTING
af. Employee benefits (continued)
Kewajiban imbalan pasca-kerja (lanjutan)
Obligations for post-employment benefits (continued)
Kewajiban program imbalan pasti yang diakui di laporan posisi keuangan konsolidasian dihitung sebesar nilai kini dari estimasi kewajiban imbalan pasca-kerja di masa depan yang timbul dari jasa yang telah diberikan oleh karyawan pada masa kini dan masa lalu, dikurangi dengan nilai wajar aset bersih dana pensiun. Perhitungan dilakukan oleh aktuaris independen dengan metode projected-unit-credit.
The obligation recognised in the consolidated statements of financial position in respect of defined benefit pension plans is calculated at present value of estimated future benefits that the employees have earned in return for their services in the current and prior periods, deducted by any plan assets. The calculation is performed by an independent actuary using the projected-unit-credit method.
Ketika imbalan pasca-kerja berubah, porsi kenaikan atau penurunan imbalan sehubungan dengan jasa yang telah diberikan oleh karyawan pada masa lalu dibebankan atau dikreditkan ke dalam laporan laba rugi konsolidasian dengan menggunakan metode garis lurus (straight-line method) selama rata-rata sisa masa kerja karyawan hingga imbalan pasca kerja menjadi hak karyawan (vested). Imbalan pasca kerja yang telah menjadi hak karyawan diakui segera sebagai beban dalam laporan laba rugi konsolidasian.
When the benefits of a plan change, the portion of the increased or decreased benefits relating to past services by employees is charged or credited to the consolidated statements of income on a straight-line basis over the average remaining service year until the benefits become vested. To the extent that the benefits vest immediately, the expense is recognised immediately in the consolidated statements of income.
Keuntungan atau kerugian aktuaria diakui sebagai pendapatan atau beban apabila akumulasi keuntungan atau kerugian aktuaria bersih yang belum diakui pada akhir periode/tahun pelaporan sebelumnya melebihi 10% dari nilai kini imbalan pasca-kerja pada tanggal tersebut. Keuntungan atau kerugian diakui dengan menggunakan metode garis lurus (straight-line method) selama sisa masa kerja rata-rata karyawan. Jika tidak, keuntungan atau kerugian aktuaria tidak diakui.
Actuarial gains or losses are recognised as income or expense when the net cumulative unrecognised actuarial gains or losses at the end of the previous reporting period/year exceeded 10% of the present value of the defined benefit obligation at that date. These gains or losses are recognised on a straight-line basis over the average remaining working lives of the employees. Otherwise, the actuarial gains or losses are not recognized.
Selain program pensiun imbalan pasti, Bank dan Anak Perusahaan juga memiliki program iuran pasti dimana Bank dan Anak Perusahaan membayar iuran yang dihitung berdasarkan prosentase tertentu dari gaji pokok karyawan kepada program asuransi pensiun yang diselenggarakan oleh dana pensiun lembaga keuangan. Iuran dibebankan ke dalam laporan laba rugi konsolidasian pada saat terutang.
In addition to a defined benefit pension plan, the Bank and Subsidiary also have a defined contribution plan where the Bank and Subsidiary pay contributions at a certain percentage of employees’ basic salaries to a financial institution pension plans. The contributions are charged to the consolidated statements of income as they become payable.
* tidak diaudit
unaudited * LAMPIRAN – 5/59- SCHEDULE
251
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR (lanjutan)
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
af. Imbalan kerja (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued)
ACCOUNTING
af. Employee benefits (continued)
Pesangon
Termination benefits
Pesangon terutang ketika karyawan dihentikan kontrak kerjanya sebelum usia pensiun normal. Bank dan Anak Perusahaan mengakui pesangon ketika Bank dan Anak Perusahaan menunjukkan komitmennya untuk memutuskan kontak kerja dengan karyawan berdasarkan suatu rencana formal terperinci yang kecil kemungkinannya untuk dibatalkan. Pesangon yang akan dibayarkan dalam waktu lebih dari 12 bulan setelah tanggal pelaporan didiskontokan untuk mencerminkan nilai kini.
Termination benefits are payable whenever an employee’s employment is terminated before the normal retirement age. The Bank and Subsidiaries recognise termination benefits when it is demonstrably committed to terminate the employment of current employees according to a detailed formal plan and the possibility to withdraw the plan is remote. Benefits falling due more than 12 months after the reporting date are discounted at present value.
Kompensasi karyawan/manajemen berbasis saham
Employee/management stock option
Bank memberikan opsi saham kepada para manajemen dan karyawan yang berhak. Beban kompensasi ditentukan pada tanggal pemberian opsi berdasarkan nilai wajar dari opsi saham yang diberikan yang dihitung dengan menggunakan metode penentuan harga opsi Binomial dan kombinasi metode Black & Scholes dengan Upand-In Call Option, dan diakui dalam laporan laba rugi konsolidasian selama masa bakti karyawan hingga opsi saham tersebut menjadi hak karyawan (vesting year).
The Bank provides stock options to key management and eligible employees. Compensation cost is measured at grant date based on the fair value of the stock options using Binomial and a combination of Black & Scholes and Up-and-In Call Option pricing models, and is recognised in the consolidated statements of income over the vesting year.
Program kompensasi jangka panjang
Long-term compensation program
Bank memberikan program kompensasi jangka panjang kepada Direksi dan karyawan Bank yang memenuhi persyaratan. Beban kompensasi ditentukan berdasarkan pencapaian beberapa penilaian perusahaan dan peringkat kinerja perorangan. Beban untuk periode/tahun berjalan diakui pada laporan laba rugi konsolidasian.
The Bank provides long term compensation program to the Bank’s Board of Directors and eligible employees. Compensation is measured based on achievement of certain corporate measurements and individual performance rating. The cost for the current period/year is recognised in the consolidated statements of income.
ag. Laba bersih per saham
ag. Earnings per share
Laba bersih per saham dasar dihitung dengan membagi laba bersih dengan rata-rata tertimbang jumlah saham yang beredar pada periode/tahun berjalan.
Basic earnings per share are computed by dividing net income with the weighted average number of shares outstanding during the period/year.
Laba bersih per saham dilusian dihitung dengan menggunakan metode yang sama dengan penghitungan laba bersih per saham dasar, kecuali bahwa ke dalam perhitungannya dimasukkan dampak dilutif dari opsi saham.
Diluted earnings per share are computed on a similar basis with the computation of basic earnings per share, except that it includes the dilutive effect from the stock options.
* tidak diaudit
unaudited * LAMPIRAN – 5/60- SCHEDULE
252
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR (lanjutan)
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
ah. Beban emisi saham
2.
SUMMARY OF SIGNIFICANT POLICIES (continued)
ACCOUNTING
ah. Shares issuance cost
Beban yang terjadi sehubungan dengan Penawaran Umum Terbatas IV dengan Hak Memesan Efek Terlebih Dahulu (Rights Issue) IV, dicatat sebagai pengurang tambahan modal disetor, yang merupakan selisih antara nilai yang diterima dari pemegang saham dengan nilai nominal saham. ai. Dividen
Cost incurred in relation with Limited Public Offering IV with Pre-emptive Rights (Rights Issue) IV is recorded as deduction to the additional paidup capital which represents the excess of funds received from the shareholders over the par value of share. ai. Dividends
Pembagian dividen kepada para pemegang saham Bank dan Anak Perusahaan diakui sebagai sebuah liabilitas dalam laporan keuangan konsolidasian Bank dan Anak Perusahaan pada tahun ketika dividen tersebut disetujui oleh para pemegang saham Bank dan Anak Perusahaan. aj. Transaksi dengan pihak yang berelasi
Dividend distribution to the Bank’s and Subsidiaries’ shareholders is recognised as a liability in the Bank and Subsidiaries’ consolidated financial statements in the year in which the dividends are approved by the Bank’s and Subsidiaries’ shareholders. aj. Transactions with related parties
Bank dan Anak Perusahaan melakukan transaksi dengan pihak yang berelasi. Dalam laporan keuangan konsolidasian ini, istilah pihak yang berelasi sesuai dengan ketentuan Pernyataan Standar Akuntansi Keuangan (”PSAK”) No. 7 (Revisi 2010) mengenai “Pengungkapan pihakpihak yang berelasi”.
The Bank and Subsidiaries enter into transactions with related parties. In these consolidated financial statements, the term related parties are used as defined in the Statement of Financial Accounting Standards (“SFAS”) No. 7 (2010 Revision) regarding “Related party disclosures”.
Jenis transaksi dan saldo dengan pihak yang berelasi, baik yang dilaksanakan dengan ataupun tidak dilaksanakan dengan syarat serta kondisi normal yang sama untuk pihak yang bukan pihak berelasi, diungkapkan dalam catatan atas laporan keuangan konsolidasian.
The nature of transactions and balances of accounts with related parties, whether or not transacted on normal terms and conditions similar to those with non-related parties, are disclosed in the notes to the consolidated financial statements.
ak. Perubahan kebijakan akuntansi
ak. Changes in accounting policies
Berikut ini adalah standar, perubahan dan interpretasi yang berlaku efektif sejak tanggal 1 Januari 2011 dan relevan dengan Bank dan Anak Perusahaan:
The following standards, amendments and interpretations, which became effective starting 1 January 2011, are relevant to the Bank and Subsidiaries:
- PSAK No. 1 (Revisi 2009), “Penyajian Laporan Keuangan”.
- SFAS No. 1 (2009 Revision), “Presentation of Financial Statements”.
- PSAK No. 2 (Revisi 2009), “Laporan Arus Kas”.
- SFAS No. 2 (2009 Revision), “Statement of Cash Flows”.
- PSAK No. 3 (Revisi 2010), “Laporan Keuangan Interim”.
- SFAS No. 3 (2010 Revision), “Interim Financial Reporting”.
* tidak diaudit
unaudited * LAMPIRAN – 5/61- SCHEDULE
253
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR (lanjutan)
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
ak. Perubahan kebijakan akuntansi (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued)
ACCOUNTING
ak. Changes in accounting policies (continued)
- PSAK No. 4 (Revisi 2009), “Laporan Keuangan Konsolidasian dan Laporan Keuangan Tersendiri”.
- SFAS No. 4 (2009 Revision), “Consolidated and Separate Financial Statements”.
- PSAK No. 5 (Revisi 2009), “Segmen Operasi”.
- SFAS No. 5 (2009 Revision), “Operating Segments”.
- PSAK No. 7 (Revisi 2010), “Pengungkapan Pihak-pihak Berelasi”.
- SFAS No. 7 (2010 Revision), “Related Parties Disclosures”.
- PSAK No. 8 (Revisi 2010), “Peristiwa Setelah Periode Pelaporan”.
- SFAS No. 8 (2010 Revision), “Events After the Reporting Period”.
- PSAK No. 15 (Revisi 2009), “Investasi pada Entitas Asosiasi”.
- SFAS No. 15 (2009 Revision), “Investments in Associates”.
- PSAK No. 19 Berwujud”.
- SFAS No. 19 (2010 Revision), “Intangible Assets”.
(Revisi
2010), “Aset Tak
- PSAK No. 22 (Revisi 2010), “Kombinasi Bisnis”.
- SFAS No. 22 (2010 Revision), “Business Combinations”.
- PSAK No. 23 (Revisi 2010), “Pendapatan”.
- SFAS No. 23 (2010 Revision), “Revenue”.
- PSAK No. 25 (Revisi 2009), “Kebijakan Akuntansi, Perubahan Estimasi Akuntansi, dan Kesalahan”.
- SFAS No. 25 (2009 Revision), “Accounting Policies, Changes in Accounting Estimates, and Errors”.
- PSAK No. 48 (Revisi 2009), “Penurunan Nilai Aset”.
- SFAS No. 48 (2009 Revision), “Impairment of Assets”.
- PSAK No. 57 (Revisi 2009), “Provisi, Liabilitas Kontinjensi dan Aset Kontinjensi”.
- SFAS No. 57 (2009 Revision), “Provisions, Contingent Liabilities and Contingent Assets”.
- PSAK No. 58 (Revisi 2009), “Aset Tidak Lancar yang Dimiliki untuk Dijual dan Operasi yang Dihentikan”.
- SFAS No. 58 (2009 Revision), “Non-Current Assets Held for Sale and Discountinued Operations”.
- ISAK No. 9, “Perubahan atas Liabilitas Aktivitas Purnaoperasi, Restorasi dan Liabilitas Serupa”.
- IFAS No. 9, “Changes in Existing Decommissioning, Restoration and Similar Liabilities”.
- ISAK No. 10, “Program Loyalitas Pelanggan”.
- IFAS No. 10, “Customer Loyalty Programmes”.
- ISAK No. 14 (Revisi 2010), “Aset Tak Berwujud Biaya Situs Web”.
- IFAS No. 14 (2010 Revision), “Intangible Assets - Web Site Costs”.
- ISAK No. 17, “Laporan Keuangan Interim dan Penurunan Nilai”.
- IFAS No. 17, “Interim Financial Reporting and Impairment”.
* tidak diaudit
unaudited * LAMPIRAN – 5/62- SCHEDULE
254
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR (lanjutan)
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
ak. Perubahan kebijakan akuntansi (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued)
ACCOUNTING
ak. Changes in accounting policies (continued)
Dampak dari perubahan kebijakan akuntansi Bank dan Anak Perusahaan sehubungan dengan implementasi dari standar akuntansi baru di atas tidak signifikan kecuali untuk area berikut ini:
The impacts from the changes in the Bank and Subsidiaries’ accounting policies in response to the above new accounting standards implementation are not significant except for the following areas:
i.
i.
Penyajian Laporan Keuangan
Presentation of Financial Statements
Bank dan Anak Perusahaan mengimplementasikan PSAK No. 1 (Revisi 2009), “Penyajian Laporan Keuangan”, yang berlaku efektif sejak tanggal 1 Januari 2011. Perubahan signifikan dari standar akuntansi tersebut terhadap Bank dan Anak Perusahaan adalah sebagai berikut:
The Bank and Subsidiaries apply SFAS No. 1 (2009 Revision), “Presentation of Financial Statements”, which became effective as of 1 January 2011. The significant changes of this accounting standard to the Bank and Subsidiaries are as follows:
x
Laporan keuangan konsolidasian terdiri dari laporan posisi keuangan konsolidasian, laporan laba rugi konsolidasian, laporan laba rugi komprehensif konsolidasian, laporan perubahan ekuitas konsolidasian, laporan arus kas konsolidasian, catatan atas laporan keuangan konsolidasian dan penambahan laporan posisi keuangan konsolidasian yang menunjukkan saldo awal (dalam hal dimana terjadi reklasifikasi atau penyajian kembali). Sedangkan sebelumnya, laporan keuangan konsolidasian terdiri dari neraca konsolidasian, laporan laba rugi konsolidasian, laporan perubahan ekuitas konsolidasian, laporan arus kas konsolidasian dan catatan atas laporan keuangan konsolidasian.
x
The consolidated financial statements comprise of consolidated statement of financial position, consolidated statement of income, consolidated statement of comprehensive income, consolidated statement of changes in equity, consolidated statement of cash flows, notes to consolidated financial statements and additional consolidated statement of financial position showing beginning balance (in case of reclassification or restatement). Whilst, previously, the consolidated financial statements comprise of consolidated balance sheets, consolidated statement of income, consolidated statement of changes in equity, consolidated statement of cash flows and notes to consolidated financial statements.
x
Kepentingan non-pengendali sebagai bagian ekuitas, dimana sebelumnya hak minoritas disajikan terpisah diantara liabilitas dan ekuitas.
x
Non-controlling interest is presented within equity, previously minority interest is presented separately between the liabilities and equities.
x
Penambahan pengungkapan diperlukan seperti pertimbangan untuk menerapkan kebijakan akuntansi dan manajemen modal.
x
Additional disclosures required, among others, consideration in determination of applying accounting policy and capital management.
Informasi komparatif telah disajikan kembali agar sesuai dengan standar tersebut. Karena perubahan pada kebijakan akuntansi hanya mempengaruhi aspek pengungkapan, maka tidak ada dampak terhadap laba per saham. * tidak diaudit
Comparative information has been represented so that it also in conformity with the revised standard. Since the change in accounting policy only impacts presentation aspects, there is no impact on earnings per share. unaudited *
LAMPIRAN – 5/63- SCHEDULE
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PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR (lanjutan)
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
ak. Perubahan kebijakan akuntansi (lanjutan) ii.
2.
SUMMARY OF SIGNIFICANT POLICIES (continued)
ACCOUNTING
ak. Changes in accounting policies (continued)
ISAK No. 10, “Program Loyalitas Pelanggan”
ii.
IFAS No. 10, “Customer Loyalty Program”
Program loyalitas pelanggan digunakan entitas untuk memberikan insentif kepada pelanggan untuk membeli barang atau jasa entitas. Jika pelanggan membeli barang atau jasa, maka entitas akan memberikan poin penghargaan kepada pelanggan (seringkali disebut sebagai “poin”). Pelanggan dapat menukar poin penghargaan tersebut dengan barang atau jasa secara gratis atau dengan potongan harga. Interpretasi ini berlaku untuk poin penghargaan loyalitas pelanggan yang:
Customer loyalty program are used by entities to provide customers with incentives to buy their goods or services. If a customer buys goods or services, the entity grants the customer award credits (often described as ‘points’). The customer can redeem the award credits for awards such as free or discounted goods or services. This Interpretation applies to customer loyalty award credits that:
a. entitas berikan kepada pelanggannya sebagai bagian dari transaksi penjualan yaitu penjualan barang, pemberian jasa, atau penggunaan aset entitas oleh pelanggan, dan
a. an entity grants to its customers as part of a sales transaction, i.e. a sale of goods, rendering of services or use by a customer of entity assets; and
b. bergantung pada pemenuhan terhadap setiap kondisi lebih lanjut yang disyaratkan, pelanggan dapat menukar barang atau jasa secara gratis atau dengan potongan harga di masa depan.
b. subject to meeting any further qualifying conditions, the customers can redeem in the future for free or discounted goods or services.
Interpretasi ini membahas perlakuan akuntansi oleh entitas yang memberikan poin penghargaan kepada pelanggannya.
The Interpretation addresses accounting by the entity that grants award credits to its customers.
iii. Penyajian Segmen Operasi
iii. Presentation of Operating Segments
Sejak tanggal 1 Januari 2011, Bank dan Anak Perusahaan menentukan dan menyajikan segmen operasi berdasarkan informasi yang secara internal diberikan kepada pengambil keputusan operasional. Perubahan kebijakan akuntansi disebabkan karena implementasi PSAK No. 5 (Revisi 2009), “Segmen Operasi”. Sebelumnya, segmen operasi ditentukan ditentukan dan disajikan sesuai dengan PSAK No. 5 (Revisi 2000), “Pelaporan Segmen”. Kebijakan akuntansi baru sehubungan dengan pengungkapan atas segmen operasi disajikan di bawah ini.
* tidak diaudit
Starting 1 January 2011, the Bank and Subsidiaries determines and presents operating segments based on the information that internally is provided to the chief operating decision maker. This change in accounting policy is due to the adoption of SFAS No. 5 (2009 Revision), “Operating Segments”. Previously operating segments were determined and presented in accordance with SFAS No. 5 (2000 Revision), “Segment Reporting”. The new accounting policy in respect of operating segment disclosures is presented as follows.
unaudited * LAMPIRAN – 5/64- SCHEDULE
256
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR (lanjutan)
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
ak. Perubahan kebijakan akuntansi (lanjutan)
2.
SUMMARY OF SIGNIFICANT POLICIES (continued)
ACCOUNTING
ak. Changes in accounting policies (continued)
iii. Penyajian Segmen Operasi (lanjutan)
iii. Presentation (continued)
of
Operating
Segments
Informasi segmen komparatif telah disajikan kembali agar sesuai dengan ketentuan transisi dari standar tersebut. Karena perubahan kebijakan akuntansi hanya berdampak terhadap aspek penyajian dan pengungkapan, maka tidak ada dampak terhadap laba per saham.
Comparative segment information has been re-presented in conformity with the transitional requirements of this standard. Since the change in accounting policy only impacts presentation and disclosure aspects, there is no impact on earnings per share.
Segmen operasi adalah suatu komponen dari entitas yang terlibat dalam aktivitas bisnis yang mana memperoleh pendapatan dan menimbulkan beban, termasuk pendapatan dan beban terkait dengan transaksi dengan komponen lain dari entitas yang sama, yang hasil operasinya dikaji ulang secara reguler oleh pengambil keputusan operasional untuk membuat keputusan tentang sumber daya yang dialokasikan pada segmen tersebut dan menilai kinerjanya, dan tersedia informasi keuangan yang dapat dipisahkan. Hasil segmen yang dilaporkan kepada pengambil keputusan operasional termasuk item yang dapat diatribusikan secara langsung kepada segmen dan juga yang dapat dialokasikan dengan basis yang wajar. Item yang tidak dapat dialokasikan terutama terdiri dari Divisi Tresuri, biaya Kantor Pusat dan aset dan liabilitas pajak penghasilan.
An operating segment is a component of the entity that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses that relate to transactions with any of the entity’s components, whose operating results are reviewed regularly by the chief operating decision maker to make decisions about resources allocated to the segment and assess its performance, and for which discrete financial information is available. Segment results that are reported to the chief operating decision maker include items directly attributable to a segment as well as those that can be allocated on a reasonable basis. Unallocated items comprise mainly Treasury Division, Head Office expenses, and income tax assets and liabilities.
Pengeluaran modal segmen adalah jumlah beban yang terjadi selama periode untuk memperoleh aset tetap dan aset tak berwujud selain goodwill.
Segment capital expenditure is the total cost incurred during the period to acquire fixed assets, and intangible assets other than goodwill.
iv. Akuntansi Kombinasi Bisnis
iv. Accounting for Business Combination
Sejak tanggal 1 Januari 2011, akuntansi atas kombinasi bisnis mengikuti PSAK No. 22 (Revisi 2010), “Kombinasi Bisnis”. Revisi standar ini diimplementasikan secara prospektif untuk kombinasi bisnis pada dan setelah tanggal 1 Januari 2011 dimana tidak diperlukan penyesuaian atas aset dan liabilitas dari kombinasi bisnis yang ada sebelum tanggal 1 Januari 2011.
* tidak diaudit
Starting 1 January 2011, the accounting for business combination follows SFAS No. 22 (2010 Revision), “Business Combination”. The revised standard is applied prospectively for business combination on and after 1 January 2011 which requires no adjustment for assets and liabilities of business combination entered prior to 1 January 2011.
unaudited * LAMPIRAN – 5/65- SCHEDULE
257
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
2.
IKHTISAR (lanjutan)
KEBIJAKAN
AKUNTANSI
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENTING
2.
ak. Perubahan kebijakan akuntansi (lanjutan)
SUMMARY OF SIGNIFICANT POLICIES (continued)
ak. Changes in accounting policies (continued)
iv. Akuntansi Kombinasi Bisnis (lanjutan)
3.
ACCOUNTING
iv. Accounting (continued)
for
Business
Combination
Perseroan mengukur kepentingan nonpengendali atas basis proporsional pada jumlah yang diakui atas aset bersih yang diidentifikasi pada tanggal akuisisi.
The Company measure non-controlling interest at its proportionate share of the recognized amount of the identifiable net assets at acquisition date.
Biaya transaksi, selain biaya yang berhubungan dengan penerbitan instrumen utang atau ekuitas, yang ditanggung Perseroan sehubungan dengan kombinasi bisnis, dibebankan pada saat terjadinya.
Transaction costs, other than those associated with the issue of debt or equity securities, that the Company incurs in connection with a business combination are expensed as incurred.
Goodwill yang timbul dari akuisisi Anak Perusahaan dimasukkan sebagai aset tak berwujud. Bank telah mengubah kebijakan akuntansi sehubungan dengan akuntansi kombinasi bisnis.
Goodwill that arises upon the acquisition of Subsidiaries are included in intangible assets. The Bank has changed its accounting policy with respect to accounting for business.
Penerapan atas standar yang direvisi ini tidak menimbulkan dampak yang material terhadap Laporan Keuangan Konsolidasian dan laba per saham Perseroan.
The application of this revised accounting standard had no material impact to the Company’s consolidated financial statements as well as its earning per share.
PENGGUNAAN ESTIMASI DAN PERTIMBANGAN
3.
USE OF ESTIMATES AND JUDGMENTS
Pengungkapan ini merupakan tambahan atas pembahasan tentang manajemen risiko keuangan (lihat Catatan 47).
These disclosures supplement the commentary on financial risk management (see Note 47).
a.
a.
Sumber utama atas ketidakpastian estimasi
Key sources of estimation uncertainty
a.1. Penyisihan kerugian penurunan nilai aset keuangan
a.1. Allowances for impairment losses of financial assets
Evaluasi atas kerugian penurunan nilai aset keuangan yang dicatat pada biaya perolehan diamortisasi dijelaskan di Catatan 2n.
Financial assets accounted for at amortized cost are evaluated for impairment on a basis described in Note 2n.
Penyisihan kerugian penurunan nilai terkait dengan pihak lawan spesifik dalam seluruh penyisihan kerugian penurunan nilai dibentuk atas tagihan yang penurunan nilainya dievaluasi secara individual berdasarkan estimasi terbaik manajemen atas nilai tunai arus kas yang diharapkan akan diterima. Dalam mengestimasi arus kas ini, manajemen membuat pertimbangan mengenai kondisi keuangan dari pihak lawan dan nilai bersih yang dapat direalisasi dari agunan yang diterima. Setiap aset yang mengalami penurunan nilai dievaluasi, dan strategi penyelesaiannya serta estimasi arus kas yang dinilai dapat diperoleh kembali disetujui secara independen oleh bagian risiko kredit.
The specific counterparty component of the total allowances for impairment applies to claims evaluated individually for impairment and is based upon management’s best estimate of the present value of the cash flows that are expected to be received. In estimating these cash flows, management makes judgments about the counterparty’s financial situation and the net realizable value of any underlying collateral. Each impaired asset is assessed on its merits, and the workout strategy and estimated cash flows considered recoverable are independently approved by the credit risk unit.
* tidak diaudit
unaudited * LAMPIRAN – 5/66- SCHEDULE
258
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
3.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENGGUNAAN ESTIMASI DAN PERTIMBANGAN (lanjutan) a.
Sumber utama atas ketidakpastian estimasi (lanjutan)
3.
USE OF (continued) a.
ESTIMATES
Key sources (continued)
of
AND
estimation
JUDGMENTS
uncertainty
a.1. Penyisihan kerugian penurunan nilai aset keuangan (lanjutan)
a.1. Allowances for impairment losses of financial assets (continued)
Evaluasi penyisihan kerugian penurunan nilai secara kolektif meliputi kerugian kredit yang melekat pada portofolio tagihan dengan karakteristik ekonomi yang serupa ketika terdapat bukti obyektif bahwa telah terjadi penurunan nilai tagihan dalam portofolio tersebut, namun penurunan nilai secara individu belum dapat diidentifikasi. Dalam menentukan perlunya untuk membentuk penyisihan kerugian penurunan nilai secara kolektif, manajemen mempertimbangkan faktor-faktor seperti kualitas kredit, besarnya portofolio, konsentrasi kredit dan faktor-faktor ekonomi. Dalam mengestimasi penyisihan yang dibutuhkan, asumsi-asumsi dibuat untuk menentukan model kerugian bawaan dan untuk menentukan parameter input yang diperlukan, berdasarkan pengalaman historis dan kondisi ekonomi saat ini. Ketepatan dari penyisihan ini bergantung pada seberapa tepat estimasi arus kas masa depan untuk menentukan penyisihan individual serta asumsi model dan parameter yang digunakan dalam penentuan penyisihan kolektif.
Collectively assessed impairment allowances cover credit losses inherent in portfolios of receivables with similar economic characteristics when there is objective evidence to suggest that they contain impaired receivables, but the individual impaired items cannot yet be identified. In assessing the need for collective allowances, management considers factors such as credit quality, portfolio size, credit concentrations, and economic factors. In order to estimate the required allowance, assumptions are made to define the way inherent losses are modeled and to determine the required input parameters, based on historical experience and current economic conditions. The accuracy of the allowances depends on how well these estimate future cash flows for specific counterparty allowances and the model assumptions and parameters used in determining collective allowances.
a.2. Penentuan nilai wajar
a.2. Determining fair values
Dalam menentukan nilai wajar atas aset keuangan dan liabilitas keuangan dimana tidak terdapat harga pasar yang dapat diobservasi, Bank dan Anak Perusahaan harus menggunakan teknik penilaian seperti dijelaskan pada Catatan 2.e.6. Untuk instrumen keuangan yang jarang diperdagangkan dan tidak memiliki harga yang transparan, nilai wajarnya menjadi kurang obyektif dan karenanya, membutuhkan tingkat pertimbangan yang beragam, tergantung pada likuiditas, konsentrasi, ketidakpastian faktor pasar, asumsi penentuan harga, dan risiko lainnya yang mempengaruhi instrumen tertentu.
* tidak diaudit
In determining the fair value for financial assets and financial liabilities for which there is no observable market price, the Bank and Subsidiaries must use the valuation techniques as described in Note 2.e.6. For financial instruments that trade infrequently and have little price transparency, fair value is less objective, and requires varying degrees of judgment depending on liquidity, concentration, uncertainty of market factors, pricing assumptions and other risks affecting the specific instrument.
unaudited * LAMPIRAN – 5/67- SCHEDULE
259
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
3.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENGGUNAAN ESTIMASI DAN PERTIMBANGAN (lanjutan) b.
Pertimbangan akuntansi yang penting dalam menerapkan kebijakan akuntansi Bank dan Anak Perusahaan
3.
USE OF (continued) b.
ESTIMATES
AND
JUDGMENTS
Critical accounting judgments in applying the Bank and Subsidiaries’ accounting policies
Pertimbangan akuntansi yang penting dalam menerapkan kebijakan akuntansi Bank dan Anak Perusahaan meliputi:
Critical accounting judgments made in applying the Bank and Subsidiaries’ accounting policies include:
b.1. Penilaian instrumen keuangan
b.1. Valuation of financial instruments
Kebijakan akuntansi Bank dan Anak Perusahaan untuk pengukuran nilai wajar dibahas di Catatan 2.e.6.
The Bank and Subsidiaries’ accounting policy on fair value measurements is discussed in Note 2.e.6.
Bank dan Anak Perusahaan mengukur nilai wajar dengan menggunakan hirarki dari metode berikut:
The Bank and Subsidiaries measure fair values using the following hierarchy of methods:
x
Harga kuotasi di pasar aktif untuk instrumen keuangan yang sejenis.
x
Quoted market price in an active market for an identical instrument.
x
Teknik penilaian berdasarkan input yang dapat diobservasi. Termasuk dalam kategori ini adalah instrumen keuangan yang dinilai dengan menggunakan harga kuotasi di pasar aktif untuk instrumen yang sejenis; harga kuotasi untuk instrumen keuangan yang sejenis di pasar yang kurang aktif; atau teknik penilaian lainnya dimana seluruh input signifikan yang digunakan dapat diobservasi secara langsung ataupun tidak langsung dari data yang tersedia di pasar.
x
Valuation techniques based on observable inputs. This category includes instruments valued using quoted market prices in active markets for similar instruments; quoted prices for similar instruments in markets that are considered less than active; or other valuation techniques where all significant inputs are directly or indirectly observable from market data.
Nilai wajar dari aset keuangan dan liabilitas keuangan yang diperdagangkan di pasar aktif didasarkan pada kuotasi harga pasar atau kuotasi dari harga dealer. Untuk seluruh instrumen keuangan lainnya, Bank dan Anak Perusahaan menentukan nilai wajar menggunakan teknik penilaian. Teknik penilaian termasuk model nilai tunai dan arus kas yang didiskontokan, dan perbandingan dengan instrumen yang sejenis dimana terdapat harga pasar yang dapat diobservasi. Asumsi dan input yang digunakan dalam teknik penilaian termasuk suku bunga bebas risiko (risk-free) dan suku bunga acuan, credit spread dan variabel lainnya yang digunakan dalam mengestimasi tingkat diskonto, harga obligasi, kurs mata uang asing, serta tingkat kerentanan dan korelasi harga yang diharapkan. * tidak diaudit
Fair values of financial assets and financial liabilities that are traded in active markets are based on quoted market prices or dealer price quotations. For all other financial instruments, the Bank and Subsidiaries determines fair values using valuation techniques. Valuation techniques include net present value and discounted cash flow models, and comparison to similar instruments for which market observable prices exist. Assumptions and inputs used in valuation techniques include risk-free and benchmark interest rates, credit spreads and other premia used in estimating discount rates, bond prices, foreign currency exchange rates, and expected price volatilities and correlations.
unaudited * LAMPIRAN – 5/68- SCHEDULE
260
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
3.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENGGUNAAN ESTIMASI DAN PERTIMBANGAN (lanjutan) b.
3.
Pertimbangan akuntansi yang penting dalam menerapkan kebijakan akuntansi Bank dan Anak Perusahaan (lanjutan)
USE OF (continued) b.
b.1. Penilaian instrumen keuangan (lanjutan)
AND
JUDGMENTS
Critical accounting judgments in applying the Bank and Subsidiaries accounting policies (continued) b.1. Valuation of financial instruments (continued)
Tujuan dari teknik penilaian adalah penentuan nilai wajar yang mencerminkan harga dari instrumen keuangan pada tanggal pelaporan yang akan ditentukan oleh para partisipan di pasar dalam suatu transaksi yang wajar.
The objective of valuation techniques is to arrive at a fair value determination that reflects the price of the financial instrument at the reporting date that would have been determined by market participants acting at arm’s length.
b.2. Klasifikasi aset dan liabilitas keuangan
b.2. Financial asset and liability classification
Kebijakan akuntansi Bank dan Anak Perusahaan memberikan keleluasaan untuk menetapkan aset dan liabilitas keuangan ke dalam berbagai kategori pada saat pengakuan awal sesuai dengan standar akuntansi yang berlaku berdasarkan kondisi tertentu:
The Bank and Subsidiaries’ accounting policies provide scope for assets and liabilities to be designated on inception into different accounting categories in certain circumstances:
x
x
In classifying financial assets as “trading”, the Bank and Subsidiaries have determined that it meets the description of trading assets set out in Note 2.e.1.
x
In classifying financial assets as “held to maturity”, the Bank and Subsidiaries have determined that Bank and Subsidiaries have both the positive intention and ability to hold the assets until their maturity date as required (see Note 2.e.1).
x
4.
ESTIMATES
Dalam mengklasifikasikan aset keuangan ke dalam kelompok “diperdagangkan”, Bank dan Anak Perusahaan telah menetapkan bahwa aset tersebut sesuai dengan definisi aset dalam kelompok diperdagangkan yang dijabarkan di Catatan 2.e.1. Dalam mengklasifikasikan aset keuangan sebagai “dimiliki hingga jatuh tempo”, Bank dan Anak Perusahaan telah menetapkan bahwa Bank dan Anak Perusahaan memiliki intensi positif dan kemampuan untuk memilki aset keuangan tersebut hingga tanggal jatuh tempo seperti yang dipersyaratkan (lihat Catatan 2.e.1).
KAS
4.
Informasi mengenai jatuh tempo diungkapkan pada Catatan 47d.
Information in respect of maturities is disclosed in Note 47d. 31 Desember/ December 2010 2009
31 Maret/ March 2011
Rupiah Mata uang asing
CASH
1,199,933 128,413
1,841,913 143,425
1,998,197 119,171
1,328,346
1,985,338
2,117,368
* tidak diaudit
Rupiah Foreign currencies
unaudited * LAMPIRAN – 5/69- SCHEDULE
261
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 4.
5.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
KAS (lanjutan)
4.
CASH (continued)
Saldo dalam mata uang Rupiah termasuk uang pada mesin ATM (Automatic Teller Machines) sejumlah Rp 215.038 pada tanggal 31 Maret 2011 (31 Desember 2010: Rp 354.519 dan 2009: Rp 310.230).
The Rupiah balance includes cash in ATMs (Automatic Teller Machines) amounting to Rp 215,038 as at 31 March 2011 (31 December 2010: Rp 354,519 and 2009: Rp 310,230).
Kas dalam mata uang asing terdiri dari Dolar Amerika Serikat, Dolar Singapura dan Dolar Australia (lihat Catatan 52).
Cash in foreign currencies are denominated in United States Dollar, Singapore Dollar and Australian Dollar (see Note 52).
Informasi mengenai klasifikasi dan nilai wajar kas diungkapkan pada Catatan 48.
Information with regards to the classification and fair value of cash was disclosed in Note 48.
GIRO PADA BANK INDONESIA
5.
Informasi mengenai jatuh tempo diungkapkan pada Catatan 47d.
Information in respect of maturities is disclosed in Note 47d. 31 Desember/December 2010 2009
31 Maret/ March 2011
Rupiah Dolar Amerika Serikat (lihat Catatan 52)
CURRENT ACCOUNTS WITH BANK INDONESIA
5,280,962
5,161,525
2,549,292
Rupiah
583,288
113,363
1,270,888
United States Dollar (see Note 52)
5,864,250
5,274,888
3,820,180
Sesuai PBI No. 10/25/PBI/2008 tanggal 23 Oktober 2008 tentang “Perubahan atas Peraturan BI No. 10/19/PBI/2008 tentang Giro Wajib Minimum (”GWM”) Bank Umum pada Bank Indonesia dalam Rupiah dan Valuta Asing”, mulai tanggal 24 Oktober 2009, Bank wajib memenuhi GWM Sekunder untuk mata uang Rupiah sebesar 2,5% dari rata-rata jumlah dana pihak ketiga dalam Rupiah berupa Sertifikat Bank Indonesia (”SBI”), Surat Utang Negara (”SUN”) dan/atau Excess Reserve.
In line with BI regulation No. 10/25/PBI/2008 dated 23 October 2008 regarding “Changes on BI Regulation No. 10/19/PBI/2008 regarding Statutory Reserve Requirements (“GWM”) of Commercial Bank in Bank Indonesia in Rupiah and Foreign Currency”, starting 24 October 2009, Bank is required to fulfil Secondary GWM for Rupiah Currency amounted to 2.5% from average of total third party funds in Rupiah through Bank Indonesia Certificates (“SBI”), Surat Utang Negara (“SUN”) and/or Excess Reserve.
Sesuai PBI No. 12/19/PBI/2010 tanggal 4 Oktober 2010 tentang “GWM Bank Umum pada Bank Indonesia dalam Rupiah dan Valuta Asing”, mulai tanggal 1 Nopember 2010, GWM Primer dalam mata uang Rupiah ditetapkan sebesar 8% dari dana pihak ketiga dalam Rupiah.
In line with BI regulation No. 12/19/PBI/2010 dated 4 October 2010 regarding “GWM of Commercial Bank in Bank Indonesia in Rupiah and Foreign Currency”, starting 1 November 2010, Primary GWM for Rupiah Currency amounted to 8% from total third party funds in Rupiah.
Sesuai PBI No. 13/10/PBI/2011 tanggal 19 Pebruari 2011 tentang “Perubahan atas Peraturan Bank Indonesia No. 12/19/PBI/2010 tentang “GWM Bank Umum pada Bank Indonesia dalam Rupiah dan Valuta Asing”, mulai tanggal 1 Maret 2011 sampai dengan tanggal 31 Mei 2011, GWM dalam valuta asing ditetapkan sebesar 5% dari dana pihak ketiga dalam valuta asing dan mulai tanggal 1 Juni 2011, GWM dalam valuta asing ditetapkan sebesar 8% dari dana pihak ketiga dalam valuta asing.
In line with BI regulation No. 13/10/PBI/2011 dated 19 February 2011 regarding “Changes on BI Regulation No. 12/19/PBI/2010 regarding “GWM of Commercial Bank in Bank Indonesia in Rupiah and Foreign Currency”, starting 1 March 2011 until 31 May 2011, GWM in foreign currency amounted to 5% from total third party funds in foreign currency and starting 1 June 2011, GWM in foreign currency amounted to 8% from total third party funds in foreign currency.
* tidak diaudit
unaudited * LAMPIRAN – 5/70- SCHEDULE
262
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 5.
6.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
GIRO PADA BANK INDONESIA (lanjutan)
5.
CURRENT ACCOUNTS WITH BANK INDONESIA (continued)
Pada tanggal 31 Maret 2011, 31 Desember 2010 dan 2009, GWM Bank masing-masing sebesar 17,50%, 17,82% dan 20,70% untuk mata uang Rupiah serta sebesar 5,05%, 1,14% dan 11,79% untuk mata uang asing.
As at 31 March 2011, 31 December 2010 and 2009, GWM of the Bank were 17.50%, 17.82% and 20.70% for Rupiah currency, and 5.05%, 1.14% and 11.79% for foreign currency, respectively.
GWM Bank dalam Rupiah pada tanggal 31 Maret 2011, 31 Desember 2010 dan 2009 sebesar 17,50%, 17,82% dan 20,70% terdiri dari GWM Utama sebesar 8,09%, 8,26% dan 5,11% dengan menggunakan saldo rekening giro Rupiah pada BI dan GWM Sekunder sebesar 9,41%, 9,56% dan 15,59% dengan menggunakan SBI dan Obligasi Pemerintah.
GWM of the Bank in Rupiah as at 31 March 2011, 31 December 2010 and 2009 of 17.50%, 17.82% and 20.70% consists of Primary GWM of 8.09%, 8.26% and 5.11% through Rupiah current accounts with BI and Secondary GWM of 9.41%, 9.56% and 15.59% through SBI and Government Bonds.
Bank telah memenuhi ketentuan BI yang berlaku tentang Giro Wajib Minimum Bank Umum.
The Bank has fulfilled BI’s regulation regarding Statutory Reserve Requirement of Commercial Banks.
Informasi mengenai klasifikasi dan nilai wajar giro pada Bank Indonesia diungkapkan pada Catatan 48.
Information with regards to the classification and fair value of current accounts with Bank Indonesia was disclosed in Note 48.
GIRO PADA BANK LAIN
6.
CURRENT ACCOUNTS WITH OTHER BANKS
Giro pada bank lain yang merupakan pihak berelasi diungkapkan pada Catatan 44a.
Current accounts with other banks which are related parties are disclosed in Note 44a.
Informasi mengenai jatuh tempo diungkapkan pada Catatan 47d.
Information in respect of maturities is disclosed in Note 47d.
a.
a.
Berdasarkan mata uang
31 Desember/December 2010 2009
31 Maret/ March 2011
Rupiah Mata uang asing
Dikurangi: Penyisihan kerugian penurunan nilai
Terdiri dari: - Pihak berelasi - Pihak ketiga
By currency
322,308 762,705
304,321 1,354,105
264,230 1,660,240
1,085,013
1,658,426
1,924,470
Rupiah Foreign currencies
Less: -
-
1,085,013
1,658,426
1,907,506
58,911 1,026,102
112,134 1,546,292
144,133 1,763,373
1,085,013
1,658,426
1,907,506
* tidak diaudit
(16,964)
Allowance for impairment losses
Consist of: Related parties Third parties -
unaudited * LAMPIRAN – 5/71- SCHEDULE
263
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
6.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
GIRO PADA BANK LAIN (lanjutan)
a.
b.
c.
6.
Berdasarkan mata uang (lanjutan)
a.
By currency (continued)
Suku bunga efektif rata-rata tertimbang setahun untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 adalah 1,22% untuk Rupiah dan 0,13% untuk mata uang asing (31 Desember 2010: 1,67% dan 0,05% dan 2009: tingkat suku bunga rata-rata tertimbang 3,90% dan 0,28%).
Weighted average effective interest per annum for the three-month period ended 31 March 2011 was 1.22% for Rupiah and 0.13% for foreign currencies (31 December 2010: 1.67% and 0.05% and 2009: weighted average interest rate 3.90% and 0.28%).
Giro pada bank lain dalam mata uang asing terutama terdiri dari Yen Jepang, Dolar Amerika Serikat, Euro, Dolar Australia, Dolar Hong Kong, Dolar Singapura dan Poundsterling Inggris (lihat Catatan 52).
Current accounts with other banks in foreign currencies are mainly denominated in Japanese Yen, United States Dollar, Euro, Australian Dollar, Hong Kong Dollar, Singapore Dollar and Great Britain Poundsterling (see Note 52).
Berdasarkan kolektibilitas BI
b.
By BI collectibility
Berdasarkan ketentuan BI yang berlaku, semua giro pada bank lain pada tanggal 31 Maret 2011, 31 Desember 2010 dan 2009 digolongkan lancar.
Based on the prevailing BI regulation, all current accounts with other banks as at 31 March 2011, 31 December 2010 and 2009 were classified as pass.
Manajemen berpendapat bahwa jumlah penyisihan kerugian penurunan nilai atas giro pada bank lain telah memadai.
Management believes that the allowance for impairment losses on current accounts with other banks is adequate.
Perubahan penyisihan kerugian penurunan nilai
Saldo awal Penyesuaian sehubungan dengan penerapan PSAK No. 55 (Revisi 2006) (Catatan 55) Pemulihan selama periode/ tahun berjalan Saldo akhir
c.
Movement of allowance for impairment losses
31 Desember/December 2010 2009
31 Maret/ March 2011 -
16,964
33,882
-
(16,954)
-
-
(10) -
Informasi mengenai klasifikasi dan nilai wajar giro pada bank lain diungkapkan pada Catatan 48.
7.
CURRENT ACCOUNTS WITH OTHER BANKS (continued)
PENEMPATAN PADA BANK LAIN DAN BANK INDONESIA
(16,918) 16,964
Beginning balance Adjustment in connection with the implementation of SFAS No. 55 (2006 Revision) (Note 55) Recovery during the period/ year Ending balance
Information with regards to the classification and fair value of current accounts with other banks was disclosed in Note 48. 7.
PLACEMENTS WITH OTHER BANKS AND BANK INDONESIA
Penempatan pada bank lain yang merupakan pihak berelasi diungkapkan pada Catatan 44b.
Placements with other banks which are related parties are disclosed in Note 44b.
Informasi mengenai jatuh tempo diungkapkan pada Catatan 47d.
Information in respect of maturities is disclosed in Note 47d.
* tidak diaudit
unaudited * LAMPIRAN – 5/72- SCHEDULE
264
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
7.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENEMPATAN PADA BANK LAIN DAN BANK INDONESIA (lanjutan) a.
Berdasarkan jenis dan mata uang
Rupiah - Penempatan pada Bank Indonesia (FASBI) - Call money - Deposit on call dan deposito berjangka Mata uang asing - Call money - Deposito berjangka
Dikurangi: Penyisihan kerugian penurunan nilai
Terdiri dari: - Pihak berelasi - Pihak ketiga
PLACEMENTS WITH OTHER BANKS AND BANK INDONESIA (continued) a.
By type and currency
31 Desember/December 2010 2009
31 Maret/ March 2011
b.
7.
7,446,345 1,350,000
5,561,356 2,155,000
1,134,253 1,567,535
922,352 9,718,697
874,612 8,590,968
593,165 3,294,953
688,107 10,888 698,995
657,730 8,439 666,169
916,919 2,357 919,276
10,417,692
9,257,137
4,214,229
Rupiah Placements with Bank Indonesia (FASBI) Call money Deposit on call and time deposits Foreign currencies Call money Time deposits -
Less: -
-
(24,794)
10,417,692
9,257,137
4,189,435
275,000 10,142,692
595,000 8,662,137
556,875 3,632,560
10,417,692
9,257,137
4,189,435
Allowance for impairment losses
Consist of: Related parties Third parties -
Suku bunga efektif rata-rata tertimbang setahun untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 adalah 6,39% untuk Rupiah dan 0,86% untuk mata uang asing (31 Desember 2010: 6,76% dan 0,71% dan 2009: tingkat suku bunga rata-rata tertimbang 8,21% dan 0,85%).
Weighted average effective interest per annum for the three-month period ended 31 March 2011 was 6.39% for Rupiah and 0.86% for foreign currencies (31 December 2010: 6.76% and 0.71% and 2009: weighted average interest rate 8.21% and 0.85%).
Pada tanggal 31 Maret 2011, call money sebesar Rp 275.000 (31 Desember 2010: Rp 275.000 dan 2009: Rp 742.500) dijaminkan sehubungan dengan efek yang dijual dengan janji dibeli kembali.
As at 31 March 2011, call money amounting to Rp 275,000 (31 December 2010: Rp 275,000 and 2009: Rp 742,500) was pledged as collateral in relation to securities sold under a repurchase agreement.
Penempatan pada bank lain dan Bank Indonesia dalam mata uang asing terdiri dari Dolar Amerika Serikat, Dolar Australia dan Euro (lihat Catatan 52).
Placements with other banks and Bank Indonesia in foreign currencies are denominated in United States Dollar, Australian Dollar and Euro (see Note 52).
Berdasarkan kolektibilitas BI
b.
By BI collectibility
Berdasarkan ketentuan BI yang berlaku, seluruh penempatan pada bank lain dan Bank Indonesia pada tanggal 31 Maret 2011, 31 Desember 2010 dan 2009 digolongkan sebagai lancar.
Based on the prevailing BI Regulation, all placements with other banks and Bank Indonesia as at 31 March 2011, 31 December 2010 and 2009 were classified as pass.
Manajemen berpendapat bahwa jumlah penyisihan kerugian penurunan nilai atas penempatan pada bank lain telah memadai.
Management believes that the allowance for impairment losses on placements with other banks is adequate.
* tidak diaudit
unaudited * LAMPIRAN – 5/73- SCHEDULE
265
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
7.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PENEMPATAN PADA BANK LAIN DAN BANK INDONESIA (lanjutan) b.
7.
Perubahan penyisihan kerugian penurunan nilai
b.
Movement of allowance for impairment losses
31 Desember/December 2010 2009
31 Maret/ March 2011
Saldo awal Penyesuaian sehubungan dengan penerapan PSAK No. 55 (Revisi 2006) (Catatan 55) Pembentukan selama periode/ tahun berjalan
-
24,794
-
(24,794)
-
-
8,330
Beginning balance Adjustment in connection with the implementation of SFAS No. 55 (2006 Revision) (Note 55) Addition during the period/year
Saldo akhir
-
-
24,794
Ending balance
Informasi mengenai klasifikasi dan nilai penempatan pada bank lain dan Indonesia diungkapkan pada Catatan 48. 8.
PLACEMENTS WITH OTHER BANKS AND BANK INDONESIA (continued)
wajar Bank
16,464
-
Information with regards to the classification and fair value of placements with other banks and Bank Indonesia was disclosed in Note 48.
EFEK-EFEK
8.
MARKETABLE SECURITIES
Informasi mengenai jatuh tempo diungkapkan pada Catatan 47d.
Information in respect of maturities is disclosed in Note 47d.
a.
a.
Berdasarkan jenis dan mata uang
By type and currency
31 Maret/March 2011 Nilai nominal/ Nilai tercatat/ Nominal value Carrying value Dimiliki hingga jatuh tempo (harga perolehan, setelah premi/diskonto yang belum diamortisasi): Rupiah - Obligasi korporasi, setelah dikurangi/ditambah diskonto atau premi yang belum diamortisasi sebesar Rp 1.474 - Obligasi korporasi - Syariah - Surat berharga lainnya
Mata uang asing - Wesel ekspor - Fixed-rate notes - Promissory notes - Surat berharga lainnya
Jumlah dimiliki hingga jatuh tempo
Held to maturity (cost, net of unamortized premium/discount): Rupiah
87,000 195,000
85,526 195,000
Corporate bonds, net of unamortized discount or premium of Rp 1,474 Corporate bonds - Sharia Other marketable securities -
9,928
9,928
291,928
290,454
47,556 174,150 174,150 700
47,556 174,150 174,150 700
396,556
396,556
688,484
687,010
* tidak diaudit
Foreign currencies Trading export bills Fixed-rate notes Promissory notes Other marketable securities -
Total held to maturity
unaudited * LAMPIRAN – 5/74- SCHEDULE
266
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
8.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
EFEK-EFEK (lanjutan) a.
8.
Berdasarkan jenis dan mata uang (lanjutan)
MARKETABLE SECURITIES (continued) a.
By type and currency (continued)
31 Maret/March 2011 Nilai nominal/ Nilai tercatat/ Nominal value Carrying value Tersedia untuk dijual (nilai wajar): Rupiah - Sertifikat Bank Indonesia, setelah dikurangi/ditambah diskonto atau premi yang belum diamortisasi sebesar Rp 101.061 - Obligasi korporasi - Efek utang lainnya Mata uang asing - Obligasi korporasi Jumlah tersedia untuk dijual Diperdagangkan (nilai wajar): Rupiah - Sertifikat Bank Indonesia, setelah dikurangi/ditambah diskonto atau premi yang belum diamortisasi sebesar Rp 8.923 Jumlah diperdagangkan Jumlah efek-efek
Available for sale (fair value): Rupiah Bank Indonesia certificates, net of unamortized discount or premium of Rp 101,061 Corporate bonds Other debt securities -
4,600,000 234,000 50,000
4,501,616 242,238 50,246
4,884,000
4,794,100
87,075
88,439
Foreign currencies Corporate bonds -
4,971,075
4,882,539
Total available for sale Trading (fair value): Rupiah
200,000
191,011
Bank Indonesia certificates, net of unamortized discount or premium of Rp 8,923
200,000
191,011
Total trading
5,859,559
5,760,560
Total marketable securities
Dikurangi: Penyisihan kerugian penurunan nilai
(1,950)
Jumlah efek-efek-bersih
5,758,610
Less: Allowance for impairment losses Total marketable securities-net
31 Desember/December 2010 Nilai nominal/ Nilai tercatat/ Nominal value Carrying value Dimiliki hingga jatuh tempo (harga perolehan, setelah premi/diskonto yang belum diamortisasi): Rupiah - Obligasi korporasi, setelah dikurangi/ditambah diskonto atau premi yang belum diamortisasi sebesar Rp 1.603 - Obligasi korporasi - Syariah - Surat berharga lainnya
Mata uang asing - Wesel ekspor - Fixed-rate notes - Promissory notes - Surat berharga lainnya
Jumlah dimiliki hingga jatuh tempo
Held to maturity (cost, net of unamortized premium/discount): Rupiah
87,000 195,000 9,617
85,397 195,000 9,617
291,617
290,014
51,410 360,400 180,200 2,742
51,410 360,400 180,200 2,742
594,752
594,752
886,369
884,766
* tidak diaudit
Corporate bonds, net of unamortized discount or premium of Rp 1,603 Corporate bonds - Sharia Other marketable securities -
Foreign currencies Trading export bills Fixed-rate notes Promissory notes Other marketable securities -
Total held to maturity unaudited *
LAMPIRAN – 5/75- SCHEDULE
267
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
8.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
EFEK-EFEK (lanjutan) a.
8.
MARKETABLE SECURITIES (continued) a.
Berdasarkan jenis dan mata uang (lanjutan)
By type and currency (continued)
31 Desember/December 2010 Nilai nominal/ Nilai tercatat/ Nominal value Carrying value Tersedia untuk dijual (nilai wajar): Rupiah - Sertifikat Bank Indonesia, setelah dikurangi/ditambah diskonto atau premi yang belum diamortisasi sebesar Rp 142.981 - Obligasi korporasi - Efek utang lainnya Mata uang asing - Obligasi korporasi Jumlah tersedia untuk dijual
Available for sale (fair value): Rupiah Bank Indonesia certificates, net of unamortized discount or premium of Rp 142,981 Corporate bonds Other debt securities -
4,050,000 180,000 50,000
3,908,834 195,332 50,105
4,280,000
4,154,271
90,100
92,213
Foreign currencies Corporate bonds -
4,370,100
4,246,484
Total available for sale
Diperdagangkan (nilai wajar): Rupiah - Sertifikat Bank Indonesia, setelah dikurangi/ditambah diskonto atau premi yang belum diamortisasi sebesar Rp 5.310
200,000
194,669
Bank Indonesia certificates, net of unamortized discount or premium of Rp 5,310
Jumlah diperdagangkan
200,000
194,669
Total trading
5,456,469
5,325,919
Total marketable securities
Jumlah efek-efek
Trading (fair value): Rupiah
Dikurangi: Penyisihan kerugian penurunan nilai
(1,950)
Jumlah efek-efek-bersih
5,323,969
Less: Allowance for impairment losses Total marketable securities-net
31 Desember/December 2009 Nilai nominal/ Nilai tercatat/ Nominal value Carrying value Dimiliki hingga jatuh tempo (harga perolehan, setelah premi/diskonto yang belum diamortisasi): Rupiah - Obligasi korporasi - Syariah - Surat berharga lainnya
Mata uang asing - Wesel ekspor - Obligasi korporasi, setelah dikurangi/ditambah diskonto atau premi yang belum diamortisasi sebesar Rp 290 - Surat berharga lainnya
Jumlah dimiliki hingga jatuh tempo
Held to maturity (cost, net of unamortized premium/discount): Rupiah Corporate bonds - Sharia Other marketable securities -
180,000 60,365
180,000 60,365
240,365
240,365
28,756
28,756
Foreign currencies Trading export bills -
28,185 15,089
27,895 15,089
Corporate bonds, net of unamortized discount or premium of Rp 290 Other marketable securities -
72,030
71,740
312,395
312,105
* tidak diaudit
Total held to maturity
unaudited * LAMPIRAN – 5/76- SCHEDULE
268
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 8.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
EFEK-EFEK (lanjutan) a.
8.
Berdasarkan jenis dan mata uang (lanjutan)
MARKETABLE SECURITIES (continued) a.
By type and currency (continued)
31 Desember/December 2009 Nilai nominal/ Nilai tercatat/ Nominal value Carrying value Tersedia untuk dijual (nilai wajar): Rupiah - Sertifikat Bank Indonesia, setelah dikurangi/ditambah diskonto atau premi yang belum diamortisasi sebesar Rp 11.445 - Obligasi korporasi Mata uang asing - Obligasi korporasi Jumlah tersedia untuk dijual Diperdagangkan (nilai wajar): Rupiah - Sertifikat Bank Indonesia, setelah dikurangi/ditambah diskonto atau premi yang belum diamortisasi sebesar Rp 716 Jumlah diperdagangkan Jumlah efek-efek
Available for sale (fair value): Rupiah Bank Indonesia certificates, net of unamortized discount or premium of Rp 11,445 Corporate bonds -
3,600,000 250,000
3,588,806 241,318
3,850,000
3,830,124
112,740
96,157
Foreign currencies Corporate bonds -
3,962,740
3,926,281
Total available for sale Trading (fair value): Rupiah
200,000
199,292
Bank Indonesia certificates, net of unamortized discount or premium of Rp 716
200,000
199,292
Total trading
4,475,135
4,437,678
Total marketable securities
Dikurangi: Penyisihan kerugian penurunan nilai
(6,130)
Jumlah efek-efek-bersih
4,431,548
Less: Allowance for impairment losses Total marketable securities-net
Efek-efek dalam mata uang asing terdiri dari Dolar Amerika Serikat (lihat Catatan 52).
Marketable securities in foreign currencies are denominated in United States Dollar (see Note 52).
Wesel ekspor tidak terdaftar di bursa efek.
The trading export bills are not listed at stock exchange.
Informasi mengenai klasifikasi dan nilai wajar efekefek diungkapkan pada Catatan 48.
Information with regards to the classification and fair value of marketable securites was disclosed in Note 48.
Selama periode tiga bulan berakhir 31 Maret 2011, kerugian bersih yang belum direalisasi atas penurunan nilai wajar efek-efek dalam klasifikasi diperdagangkan diakui sebagai kerugian dalam laporan laba rugi konsolidasian sebesar Rp 46 (31 Maret 2010: Rp 6; 31 Desember 2010: Rp 29; dan 2009: keuntungan bersih yang belum direalisasi sebesar Rp 8).
During the three-month period ended 31 March 2011, unrealised net losses arising from the decrease in fair value of marketable securities classified as trading securities were recorded as loss in the consolidated statements of income amounting to Rp 46 (31 March 2010: Rp 6; 31 December 2010: Rp 29; and 2009: unrealised net gain amounting to Rp 8).
Bank mengakui keuntungan bersih atas penjualan efek-efek sejumlah Rp nihil selama periode tiga bulan berakhir 31 Maret 2011 (31 Maret 2010: Rp 5; 31 Desember 2010: Rp 5 dan 2009: Rp 4.565).
The Bank recognised net gains from the sale of marketable securities amounting to Rp nil for the three-month period ended 31 March 2011 (31 March 2010: Rp 5; 31 December 2010: Rp 5 dan 2009: Rp 4,565).
* tidak diaudit
unaudited * LAMPIRAN – 5/77- SCHEDULE
269
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 8.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
EFEK-EFEK (lanjutan) b.
8.
Berdasarkan penerbit
b.
Dikurangi: Penyisihan kerugian penurunan nilai
4,692,627 588,917 479,016 5,760,560
4,103,503 755,369 467,047 5,325,919
(1,950)
(1,950) 5,323,969
Berdasarkan kolektibilitas BI
c.
Berdasarkan ketentuan Bank Indonesia yang berlaku, efek-efek (sebelum penyisihan kerugian penurunan nilai) digolongkan sebagai berikut:
Bank Indonesia Banks Corporates
(6,130)
Allowance for impairment losses
4,431,548
By BI collectability Based on prevailing Bank Indonesia regulation, marketable securities (before allowance for impairment losses) were classified as follows:
31 Desember/ December 2010 2009
31 Maret/ March 2011
Lancar Diragukan
3,788,098 193,990 455,590 4,437,678
Less:
5,758,610
c.
By issuer
31 Desember/ December 2010 2009
31 Maret/ March 2011
Bank Indonesia Bank-bank Korporasi
MARKETABLE SECURITIES (continued)
5,757,338 3,222
5,325,919 -
4,437,678 -
5,760,560
5,325,919
4,437,678
Manajemen berpendapat bahwa jumlah penyisihan kerugian penurunan nilai atas efek-efek telah memadai.
Pass Doubtful
Management believes that the allowance for impairment losses on marketable securities is adequate.
* tidak diaudit
unaudited * LAMPIRAN – 5/78- SCHEDULE
270
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 8.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
EFEK-EFEK (lanjutan) d.
8.
Berdasarkan peringkat
d.
Nilai nominal/ Nominal value Dimiliki hingga jatuh tempo/ Held to maturity Rupiah/Rupiah Obligasi Syariah I Bank Mandiri Obligasi Syariah Ijarah PLN I MTN Sukuk Ijarah PTPN III Obligasi PT PLN XII seri A Obligasi Syariah Ijarah PT Berlian Laju Tanker Obligasi PT Telekomunikasi Indonesia 2A Sukuk Ijarah PT Titan Petrokimia Nusantara I Sukuk Mudharabah Adhi Karya Obligasi Syariah Ijarah PLN II Obligasi PT FIF X seri C Obligasi PT Jasa Marga XI Obligasi PT Jasa Marga I Wesel SKBDN/SKBDN Bills
Mata Uang Asing/Foreign Currencies Wesel Ekspor/Trading Export Bills Wesel SKBDN/SKBDN Bills Fixed-rate notes - UBS AG Promissory notes - Goldman Sachs Jumlah-dimiliki hingga jatuh tempo/Total-held to maturity Tersedia untuk dijual/Available for sale: Rupiah/Rupiah Obligasi Bank Panin Obligasi Perusahaan Listrik Negara Obligasi PT Surya Citra Televisi, Tbk Sertifikat Bank Indonesia Obligasi PT Jasa Marga (Persero) Tbk EBA - BTN
Mata Uang Asing/Foreign Currencies Obligasi Bank Lippo Jumlah-tersedia untuk dijual/Total-available for sale
MARKETABLE SECURITIES (continued) By rating
31 Maret/March 2011 Nilai tercatat/ Nilai wajar/ Carrying value/ Pemeringkat/ Fair value Rated by
50,000 20,000 40,000 4,000
50,000 20,000 40,000 4,000
Fitch Pefindo Pefindo Pefindo
idAAidAAidAA+ idAA+
20,000
20,000
Pefindo
idA+
15,000
15,000
Pefindo
idAAA
25,000 10,000 30,000 50,000 8,000 10,000 9,928 291,928
25,000 10,000 30,000 50,000 8,506 8,020 9,928 290,454
Pefindo Pefindo Pefindo Pefindo Pefindo Pefindo N/A
idAAidAidAAidAA idAA idAA Non rating
47,556 700 174,150 174,150 396,556
47,556 700 174,150 174,150 396,556
N/A N/A Fitch Fitch
Non rating Non rating A+ A+
688,484
687,010
100,000
102,178
Pefindo
idAA
50,000
60,986
Pefindo
idAA+
50,000 4,600,000 34,000 50,000 4,884,000
50,770 4,501,616 28,304 50,246 4,794,100
Pefindo N/A Pefindo Pefindo
idA Non rating idAA idAAA
87,075
88,439
S&P
B+
N/A
Non rating
4,971,075
4,882,539
Diperdagangkan/Trading: Rupiah/Rupiah Sertifikat Bank Indonesia/Bank Indonesia Certificates
200,000
191,011
Jumlah-diperdagangkan/Total-trading
200,000
191,011
5,859,559
5,760,560
Jumlah efek-efek/Total marketable securities
Peringkat/ Rating
* tidak diaudit
unaudited * LAMPIRAN – 5/79- SCHEDULE
271
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 8.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
EFEK-EFEK (lanjutan) d.
8.
Berdasarkan peringkat (lanjutan)
d.
Nilai nominal/ Nominal value Dimiliki hingga jatuh tempo/ Held to maturity Rupiah/Rupiah Obligasi Syariah I Bank Mandiri Obligasi Syariah Ijarah PLN I MTN Sukuk Ijarah PTPN III Obligasi PT PLN XII seri A Obligasi Syariah Ijarah PT Berlian Laju Tanker Obligasi PT Telekomunikasi Indonesia 2A Sukuk Ijarah PT Titan Petrokimia Nusantara I Sukuk Mudharabah Adhi Karya Obligasi Syariah Ijarah PLN II Obligasi PT FIF X seri C Obligasi PT Jasa Marga XI Obligasi PT Jasa Marga I Wesel SKBDN/SKBDN Bills Wesel Lainnya/Other Bills Mata Uang Asing/Foreign Currencies Wesel Ekspor/Trading Export Bills Wesel SKBDN/SKBDN Bills Fixed-rate notes - UBS AG Fixed-rate notes - UBS AG Promissory notes - Goldman Sachs Jumlah-dimiliki hingga jatuh tempo/Total-held to maturity Tersedia untuk dijual/Available for sale: Rupiah/Rupiah Obligasi Bank Panin Obligasi Perusahaan Listrik Negara Obligasi PT Surya Citra Televisi, Tbk Sertifikat Bank Indonesia Obligasi PT Jasa Marga (Persero) Tbk EBA - BTN Mata Uang Asing/Foreign Currencies Obligasi Bank Lippo Jumlah-tersedia untuk dijual/Total-available for sale
MARKETABLE SECURITIES (continued) By rating (continued)
31 Desember/December 2010 Nilai tercatat/ Pemeringkat/ Nilai wajar/ Rated by Carrying value/ Fair value
50,000 20,000 40,000 4,000
50,000 20,000 40,000 4,000
Fitch Pefindo Pefindo Pefindo
idAA+ idAAidAAidAA+
20,000
20,000
Pefindo
idA+
15,000
15,000
Pefindo
idAAA
25,000 10,000 30,000 50,000 8,000 10,000 9,533 84 291,617
25,000 10,000 30,000 50,000 8,550 7,847 9,533 84 290,014
Pefindo Pefindo Pefindo Pefindo Pefindo Pefindo N/A N/A
idAAidAidAAidAAidAA idAA Non rating Non rating
51,410 2,742 180,200 180,200 180,200 594,752
51,410 2,742 180,200 180,200 180,200 594,752
N/A N/A Fitch Fitch Fitch
Non rating Non rating A+ A+ A+
886,369
884,766
70,000
72,556
Pefindo
idAA
50,000
62,913
Pefindo
idAA+
50,000 4,050,000 10,000 50,000 4,280,000
52,051 3,908,834 7,812 50,105 4,154,271
Pefindo N/A Pefindo Pefindo
idA Non rating idAA idAAA
90,100
92,213
S&P
B+
N/A
Non rating
4,370,100
4,246,484
Diperdagangkan/Trading: Rupiah/Rupiah Sertifikat Bank Indonesia/Bank Indonesia Certificates
200,000
194,669
Jumlah-diperdagangkan/Total-trading
200,000
194,669
5,456,469
5,325,919
Jumlah efek-efek/Total marketable securities
Peringkat/ Rating
* tidak diaudit
unaudited * LAMPIRAN – 5/80- SCHEDULE
272
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 8.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
EFEK-EFEK (lanjutan) d.
8.
Berdasarkan peringkat (lanjutan)
d.
Nilai nominal/ Nominal value Dimiliki hingga jatuh tempo/ Held to maturity Rupiah/Rupiah Obligasi Syariah I Bank Mandiri Obligasi Syariah Ijarah PLN I MTN Sukuk Ijarah PTPN III Obligasi Syariah Ijarah PT Berlian Laju Tanker Obligasi Syariah Ijarah PT Apexindo Pratama Duta Sukuk Mudharabah Adhi Karya Obligasi Syariah Ijarah PLN II Wesel SKBDN/SKBDN Bills
MARKETABLE SECURITIES (continued) By rating (continued)
31 Desember/December 2009 Nilai tercatat/ Pemeringkat/ Nilai wajar/ Rated by Carrying value/ Fair Value
Peringkat/ Rating
50,000 20,000 40,000
50,000 20,000 40,000
Fitch Pefindo Pefindo
idAA+ idAAidAA-
20,000
20,000
Pefindo
idA+
10,000 10,000 30,000 60,365 240,365
10,000 10,000 30,000 60,365 240,365
Pefindo Pefindo Pefindo N/A
idA+ idAidAANon rating
28,185 28,756 15,089 72,030
27,895 28,756 15,089 71,740
S&P N/A N/A
B Non rating Non rating
312,395
312,105
70,000
65,570
Pefindo
idAA-
50,000
52,856
Pefindo
idAA-
50,000
47,065
Pefindo
idA
45,000
41,709
Pefindo
idA+
35,000 3,600,000 3,850,000
34,118 3,588,806 3,830,124
Pefindo N/A
idA Non rating
93,950 18,790 112,740
78,420 17,737 96,157
S&P S&P
BB
3,962,740
3,926,281
Diperdagangkan/Trading: Rupiah/Rupiah Sertifikat Bank Indonesia
200,000
199,292
N/A
Non rating
Jumlah-diperdagangkan/Total-trading
200,000
199,292
4,475,135
4,437,678
Mata Uang Asing/Foreign Currencies Obligasi MEI Euro Finance Ltd. Wesel Ekspor/Trading Export Bills Wesel SKBDN/SKBDN Bills Jumlah-dimiliki hingga jatuh tempo/Total-held to maturity Tersedia untuk dijual/Available for sale: Rupiah/Rupiah Obligasi Bank Panin Obligasi Perusahaan Listrik Negara Obligasi PT Surya Citra Televisi, Tbk Obligasi PT Apexindo Pratama Duta, Tbk Obligasi PT Tunas Finansindo Sarana, Tbk Sertifikat Bank Indonesia
Mata Uang Asing/Foreign Currencies Obligasi Bank Lippo Obligasi MEI Euro Finance Ltd. Jumlah-tersedia untuk dijual/Total-available for sale
Jumlah efek-efek/Total marketable securities
* tidak diaudit
unaudited * LAMPIRAN – 5/81- SCHEDULE
273
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 8.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
EFEK-EFEK (lanjutan) e.
8.
Perubahan keuntungan/(kerugian) yang belum direalisasi
MARKETABLE SECURITIES (continued) e.
Perubahan keuntungan/(kerugian) yang belum direalisasi atas efek-efek dalam kelompok tersedia untuk dijual adalah sebagai berikut:
Saldo akhir periode/tahun - bersih
f.
20,616
(25,659)
-
-
(6,559)
Balance, beginning of period/year before deferred income tax Realised gains from sale of marketable securities during the period/year-net
46,275
39,446
16,249 (4,062)
20,616 (5,154)
(25,659) 6,415
Additional of unrealised (losses)/gains during the period/year - net Total before deferred income tax Deferred income tax
12,187
15,462
(19,244)
Balance end of period/year - net
Perubahan penyisihan kerugian penurunan nilai
f.
Movement of allowance for impairment losses
31 Desember/ December 2010 2009
Saldo awal Penyesuaian sehubungan dengan penerapan PSAK No. 55 (Revisi 2006) (Catatan 55) Penambahan/(pemulihan) selama periode/tahun berjalan
1,950
-
160
Saldo akhir
1,950
1,950
6,130
-
(4,340)
Suku bunga efektif rata-rata tertimbang (2009: suku bunga rata-rata tertimbang) setahun untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 dan tahun yang berakhir 31 Desember 2010 dan 2009 31 Maret/ March 2011
Sertifikat Bank Indonesia Obligasi korporasi - Rupiah Obligasi korporasi - mata uang asing Obligasi syariah
(58,546)
(4,367)
31 Maret/ March 2011
g.
Movement in unrealised gains/(losses) for available for sale marketable securities was as follows: 31 Desember/ December 2010 2009
31 Maret/ March 2011 Saldo awal periode/tahun - sebelum pajak penghasilan tangguhan Laba yang direalisasi atas penjualan efek-efek selama periode/tahun berjalan-bersih Penambahan (rugi)/laba yang belum direalisasi selama periode/tahun berjalan - bersih Jumlah sebelum pajak penghasilan tangguhan Pajak penghasilan tangguhan
Movement of unrealised gains/(losses)
6.47% 10.75%
g.
8,694
(2,564) 6,130
Ending balance
Weighted average effective interest rate (2009: weighted average interest rate) per annum for the three-month period ended 31 March 2011 and years ended 31 December 2010 and 2009
31 Desember/ December 2010 2009 6.54% 9.16% 11.64% 11.71%
6.97% 12.10%
Beginning balance Adjustment in connection with the implementation of SFAS No. 55 (2006 Revision) (Note 55) Addition/(recovery) during the period/year
7.65% 11.12%
* tidak diaudit
7.53% 11.90%
Certificates of Bank Indonesia Corporate bonds - Rupiah Corporate bonds - foreign currency Sharia bonds
unaudited * LAMPIRAN – 5/82- SCHEDULE
274
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
8.
EFEK-EFEK (lanjutan) i.
9.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
8.
Reklasifikasi efek-efek dalam kelompok dimiliki hingga jatuh tempo ke kelompok tersedia untuk dijual
MARKETABLE SECURITIES (continued) i.
Reclassification of held to maturity marketable securities to available for sale
Sesuai dengan ketentuan transisi penerapan PSAK 55 (revisi 2006), “Instrumen Keuangan: Pengakuan dan Pengukuran” dan Surat Bank Indonesia No. 11/18/DPNP/DPnP tanggal 14 Januari 2009, efektif tanggal 1 Januari 2010, Bank telah melakukan reklasifikasi atas efek-efek dalam kelompok dimiliki hingga jatuh tempo ke dalam kelompok tersedia untuk dijual dengan nominal sejumlah USD 3.000.000.
According to transition rule on implementation PSAK 55 (revised 2006), “Financial Instrument: Recognition and Measurement” and Bank Indonesia Letter No. 11/18/DPNP/DPnP dated 14 January 2009, effective on 1 January 2010, Bank has reclassified its held to maturity marketable securities to available for sale category with nominal value amounted to USD 3,000,000.
Selisih antara nilai pasar atas efek-efek tersebut dengan nilai tercatatnya pada tanggal pemindahan sebesar USD 137.241 (setara dengan Rp 1.289) telah dibukukan dan disajikan sebagai rugi yang belum direalisasi atas efek-efek dalam kelompok tersedia untuk dijual, yang dicatat sebagai komponen ekuitas lainnya.
The difference between market value and carrying amount of the marketable securities on the date of reclassification amounted to USD 137,241 (equivalent to Rp 1,289) has been booked and presented as unrealised loss of available for sale marketable securities which is presented as other equity components.
TAGIHAN DAN LIABILITAS DERIVATIF
9.
Tagihan derivatif dari pihak berelasi diungkapkan pada Catatan 44c. Informasi mengenai jatuh tempo diungkapkan pada Catatan 47d.
DERIVATIVE RECEIVABLES AND LIABILITIES Derivative receivables from related parties are disclosed in Note 44c. Information in respect of maturities is disclosed in Note 47d.
31 Maret/March 2011
Instrumen Kontrak tunai mata uang asing Kontrak berjangka mata uang asing Swap mata uang asing Cross currency swaps Swap suku bunga Kontrak opsi mata uang asing Futures
Nilai kontrak/ nosional (setara dengan Dolar Amerika Serikat)/ Contract/notional amount (equivalent to United States Dollar) Counterparty Bank/ Nasabah/ Counterparty Bank Customer
Nilai wajar/Fair values Tagihan derivatif/ Liabilitas derivatif/ Derivative receivables Derivative liabilities Counterparty Bank/ Nasabah/ Counterparty Bank/ Nasabah/ Counterparty Bank Customer Counterparty Bank Customer
94,304,998
100,000
585
-
838
5,400,000 220,824,143 387,333,333 182,771,494
11,230,406 90,748,684 116,698,324
37,504 20,834 29,639
1,838 42,975 7,014
961 21,995 138,661 20,761
171 Foreign currency forward - Foreign currency swaps 266 Cross currency swaps 6,403 Interest rate swaps
44,182,763 54,000,000
44,182,763 -
58,852 109 147,523
6,688 58,515
6,688 474 190,378
58,852 Foreign currency options Futures 65,693
* tidak diaudit
1
Instruments Foreign currency spot
unaudited * LAMPIRAN – 5/83- SCHEDULE
275
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
9.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan)
9.
DERIVATIVE RECEIVABLES AND LIABILITIES (continued)
31 Desember/December 2010
Instrumen Kontrak tunai mata uang asing Kontrak berjangka mata uang asing Swap mata uang asing Cross currency swaps Swap suku bunga Kontrak opsi mata uang asing Futures
Nilai kontrak/ nosional (setara dengan Dolar Amerika Serikat)/ Contract/notional amount (equivalent to United States Dollar) Counterparty Bank/ Nasabah/ Counterparty Bank Customer
Nilai wajar/Fair values Tagihan derivatif/ Liabilitas derivatif/ Derivative receivables Derivative liabilities Counterparty Bank/ Nasabah/ Counterparty Bank/ Nasabah/ Counterparty Bank Customer Counterparty Bank Customer
Instruments
73,250,848
672,386
1,256
-
994
5
Foreign currency spot
26,554,470 223,547,364 347,733,333 173,218,350
5,525,000 64,502,582 116,773,825
14,747 26,378 37,639
134 12,746 11,412
6,163 4,278 61,067 29,230
38 Foreign currency forward - Foreign currency swaps 3,163 Cross currency swaps 14,022 Interest rate swaps
44,947,783 163,000,000
44,947,783 -
70,628 363
14,242 -
14,242 429
70,628 Foreign currency options Futures
151,011
38,534
116,403
87,856
31 Desember/December 2009
Instrumen Kontrak tunai mata uang asing Kontrak berjangka mata uang asing Swap mata uang asing Cross currency swaps Swap suku bunga Kontrak opsi mata uang asing Futures
Nilai kontrak/ nosional (setara dengan Dolar Amerika Serikat)/ Contract/notional amount (equivalent to United States Dollar) Counterparty Bank/ Nasabah/ Counterparty Bank Customer
Nilai wajar/Fair values Tagihan derivatif/ Liabilitas derivatif / Derivative receivables Derivative liabilities Counterparty Bank/ Nasabah/ Counterparty Bank/ Nasabah/ Counterparty Bank Customer Counterparty Bank Customer
Instruments
12,959,615
2,710,672
333
30
257
13,950,000 247,327,261 84,977,778 236,502,756
4,680,081 30,364,078 151,021,279
696 42,412 19,390 53,832
290 11,753 32,824
474 54,203 8,547 64,943
2,472 Foreign currency forward - Foreign currency swaps 2,557 Cross currency swaps 30,683 Interest rate swaps
87,590,256 57,000,000
87,590,256 -
112,664 339 229,666
51,008 95,905
51,008 28 179,460
112,664 Foreign currency options Futures 148,376 Less: Allowance for impairment losses
Dikurangi: Penyisihan kerugian penurunan nilai
(2,296) 227,370
(1,172)
-
94,733
179,460
* tidak diaudit
-
Foreign currency spot
148,376
unaudited * LAMPIRAN – 5/84- SCHEDULE
276
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
9.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan)
9.
DERIVATIVE RECEIVABLES AND LIABILITIES (continued)
31 Desember/ December 2010 2009
31 Maret/ March 2011
Tagihan derivatif terdiri dari: - Pihak berelasi - Pihak ketiga
1 206,037
251 189,294
322,103
206,038
189,545
322,103
Derivative receivables consist of: Related parties Third parties -
Jumlah nosional adalah suatu jumlah dalam unit mata uang yang disebutkan dalam perjanjian. Jumlah dalam daftar di atas disajikan secara bruto (penjumlahan posisi beli dan jual). Tagihan/liabilitas derivatif merupakan nilai penyelesaian transaksi derivatif pada tanggal pelaporan.
A notional amount is a number of the currency units specified in the contract. The amount in the above table is presented at gross basis (a sum of buy and sell position). Derivative receivables/payables represent the settlement value of derivative instruments as at the reporting date.
Suku bunga efektif rata-rata tertimbang (2009: suku bunga rata-rata tertimbang) setahun untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 dan tahun yang berakhir 31 Desember 2010 dan 2009 untuk transaksi swap suku bunga adalah sebagai berikut:
Weighted average effective interest rate (2009: weighted average interest rate) per annum for the three-month period ended 31 March 2011 and years ended 31 December 2010 and 2009 for interest rate swap deals are as follows: 31 Desember/ December 2010 2009
31 Maret/ March 2011
IDR Yang akan dibayar Suku bunga mengambang Suku bunga tetap
7.44% 10.72%
6.83% 10.83%
7.52% 10.87%
IDR To be paid Floating Fixed
Yang akan diterima Suku bunga mengambang Suku bunga tetap
8.11% 10.71%
7.51% 10.99%
7.94% 10.57%
To be received Floating Fixed
USD Yang akan dibayar Suku bunga mengambang Suku bunga tetap
3.71% 2.92%
3.77% 3.79%
4.68% 5.51%
USD To be paid Floating Fixed
Yang akan diterima Suku bunga mengambang Suku bunga tetap
1.30% 6.07%
2.06% 5.47%
2.73% 6.99%
To be received Floating Fixed
Pertukaran tingkat suku bunga dieksekusi setiap bulanan, kuartalan dan semesteran.
The interest rate exchanges are exercised on a monthly, quarterly and semi annually.
Jangka waktu kontrak swap suku bunga berkisar antara 2-6 tahun. Pada tanggal 31 Maret 2011, sisa jangka waktu kontrak dari swap suku bunga berkisar antara 1 bulan - 4 tahun 10 bulan.
The contract period of interest rate swaps ranged between 2-6 years. As at 31 March 2011, the remaining contract period of interest rate swaps ranged between 1 month - 4 years 10 months.
Berdasarkan ketentuan Bank Indonesia yang berlaku, tagihan derivatif (sebelum penyisihan kerugian penurunan nilai) digolongkan sebagai berikut:
Based on prevailing Bank Indonesia regulation, derivatives receivables (before allowance for impairment losses) were classified as follows:
* tidak diaudit
unaudited * LAMPIRAN – 5/85- SCHEDULE
277
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
9.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan)
9.
31 Desember/ December 2010 2009
31 Maret/ March 2011
Lancar Kurang lancar
DERIVATIVE RECEIVABLES AND LIABILITIES (continued)
206,038 -
189,545 -
324,054 1,517
206,038
189,545
325,571
Pass Substandard
Manajemen berpendapat bahwa jumlah penyisihan kerugian penurunan nilai atas tagihan derivatif telah memadai.
Management believes that the allowance for impairment losses on derivative receivables is adequate.
Tagihan dan liabilitas derivatif dalam mata uang asing terdiri dari Yen Jepang dan Dolar Amerika Serikat (lihat Catatan 52).
Derivative receivables and liabilities in foreign currencies are denominated in Japanese Yen and United States Dollar (see Note 52).
Selama 2008, Bank telah melakukan beberapa transaksi kontrak berjangka mata uang asing untuk nasabahnya yang di dalamnya terdiri dari beberapa pertukaran mata uang asing pada tanggal-tanggal yang telah disepakati (mingguan atau dua-mingguan). Di dalam kontrak-kontrak berjangka mata uang asing ini terdapat karakteristik opsi tertentu, dimana jika strike price yang telah ditentukan tercapai atau terlampaui, nasabah berkewajiban untuk menyerahkan Dolar Amerika Serikat dalam jumlah tertentu seperti yang dinyatakan dalam kontrak. Untuk setiap kontrak yang dilakukan dengan nasabah, Bank melakukan offsetting transaksi dengan counterparty bank dengan syarat yang serupa untuk meng-offset risiko pasar. Kontrak ini dilakukan atas dasar arus mata uang asing dari nasabah dan tidak mencerminkan aktivitas perdagangan Bank.
During 2008, the Bank entered into foreign exchange forward contacts on behalf of customers which involved a series of foreign currency exchange contracts, on agreed predetermined delivery dates (weekly or bi-weekly). These foreign exchange contracts incorporate certain “option-like” characteristics, in which if the exchange rate was at or above a predetermined strike price, the customer was obliged to deliver a certain amount of United States Dollars as stated in the contract. For each contract entered into with the customer, the Bank also entered into offsetting contracts with counterparty banks on identical terms in order to offset the market risk. These contracts were executed on account of the underlying foreign exchange cash flows from the customers and did not represent proprietary trading activities of the Bank.
Sehubungan dengan penurunan nilai Rupiah terhadap Dolar Amerika Serikat, penurunan harga komoditas di pasar internasional dan dampak kondisi ekonomi global yang tidak menguntungkan terhadap bisnis nasabah pada kuartal terakhir tahun 2008, beberapa nasabah mengalami kegagalan untuk menyerahkan jumlah dalam mata uang asing kepada Bank pada saat jatuh tempo. Melihat penurunan kapasitas nasabah, Bank telah membatalkan beberapa kontrak dengan menggunakan harga pasar terkini dan dicatat sebagai tagihan kepada nasabah. Bank telah melakukan kesepakatan penyelesaian dengan nasabah.
Due to a significant depreciation of the Rupiah against the United States Dollar, the reduction of international commodity prices and the impact of unfavourable global economic conditions to certain customers’ business in the last quarter of 2008, certain customers failed to deliver the foreign currency amounts to the Bank when they were due. In the light of the customers’ impaired capacity, the Bank has unwound some contracts at current market costs and they were recorded as receivables to customers. The Bank has negotiated settlement agreements with the customers.
* tidak diaudit
unaudited * LAMPIRAN – 5/86- SCHEDULE
278
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
9.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan)
9.
DERIVATIVE RECEIVABLES AND LIABILITIES (continued)
Pada tanggal 31 Maret 2011, jumlah kontrak yang dibatalkan dan menjadi tagihan derivatif yang akan diselesaikan oleh nasabah adalah sebesar Rp 233.132 (31 Desember 2010: Rp 454.614 dan 2009: Rp 1.195.566) yang telah dibukukan sebagai aset lain-lain (lihat Catatan 17), dengan jumlah penyisihan yang dibentuk atas tagihan ini adalah sebesar Rp 66.705 (31 Desember 2010: Rp 260.969 dan 2009: Rp 867.111).
As at 31 March 2011, total unwound contracts and derivative receivables that will be settled by the customers amounted to Rp 233,132 (31 December 2010: Rp 454,614 and 2009: Rp 1,195,566) and has been recorded as other assets (see Note 17), with the total allowance provided for these receivables amounted to Rp 66,705 (31 December 2010: Rp 260,969 and 2009: Rp 867,111).
Pada tanggal 31 Maret 2011, tidak terdapat kontrak berjangka mata uang asing dari nasabah yang disebutkan di atas yang masih berjalan yang dicatat sebagai tagihan derivatif.
As at 31 March 2011, there is no outstanding foreign exchange forward contract on behalf of customers mentioned above which is recorded as derivative receivables.
Perubahan penyisihan kerugian penurunan nilai
Movement of allowance for impairment losses 31 Desember/ December 2010 2009
31 Maret/ March 2011
Saldo awal Penyesuaian sehubungan dengan penerapan PSAK No. 55 (Revisi 2006) (Catatan 55) Reklasifikasi ke beban dibayar dimuka dan aset lain-lain Pemulihan selama periode/ tahun berjalan Penyesuaian karena penjabaran mata uang asing Saldo akhir
-
3,468
-
(3,468)
660,150
-
Beginning balance Adjustment in connection with the implementation of SFAS No. 55 (2006 Revision) (Note 55) Reclassification to prepayments and other assets
-
-
(631,497)
-
-
(36,872)
-
-
11,687
Recovery during the period/year Foreign exchange translation adjustment
-
-
3,468
Ending balance
Informasi mengenai klasifikasi dan nilai wajar tagihan dan kewajiban derivatif diungkapkan pada Catatan 48.
Information with regards to the classification and fair value of derivative receivables and liabilities was disclosed in Note 48.
* tidak diaudit
unaudited * LAMPIRAN – 5/87- SCHEDULE
279
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
10. PINJAMAN YANG DIBERIKAN
10. LOANS
Pinjaman yang diberikan kepada pihak berelasi diungkapkan pada Catatan 44d. Informasi mengenai jatuh tempo diungkapkan Catatan 47d.
Loans to related parties are disclosed in Note 44d. Information in respect of maturities is disclosed in Note 47d.
a.
a.
Berdasarkan jenis dan mata uang
31 Desember/ December 2010 2009
31 Maret/ March 2011 Rupiah Konsumsi Modal kerja Investasi Ekspor Pinjaman kepada karyawan kunci
Mata uang asing Konsumsi Modal kerja Investasi Ekspor
Jumlah
By type and currency
31,647,216 28,501,875 10,961,277 541,136
29,841,271 29,004,566 9,736,569 420,970
21,539,561 24,097,960 9,057,980 226,165
13,214 71,664,718
10,910 69,014,286
4,668 54,926,334
96,103 3,603,764 3,093,092 342,685 7,135,644
109,150 3,122,619 2,792,960 734,507 6,759,236
132,610 2,290,878 2,745,254 484,199 5,652,941
78,800,362
75,773,522
60,579,275
Dikurangi: Pendapatan bunga ditangguhkan Penyisihan kerugian penurunan nilai
(2,423,805)
(2,505,197)
(2,211,621)
Jumlah - bersih
76,376,557
73,268,325
58,367,570
-
-
Pinjaman yang diberikan dalam mata uang asing terdiri dari Dolar Amerika Serikat, Dolar Singapura, Yen Jepang dan Euro (lihat Catatan 52).
(84)
Rupiah Consumer Working capital Investment Export Loans to key management
Foreign currencies Consumer Working capital Investment Export
Total Less: Unearned interest income Allowance for impairment losses Total - net
Loans in foreign currencies are denominated in United States Dollar, Singapore Dollar, Japanese Yen and Euro (see Note 52).
* tidak diaudit
unaudited * LAMPIRAN – 5/88- SCHEDULE
280
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
10. PINJAMAN YANG DIBERIKAN (lanjutan) b.
10. LOANS (continued)
Berdasarkan sektor ekonomi
b.
By economic sector
31 Maret/March 2011
Lancar/ Pass
Dalam Perhatian Khusus/ Special Mention
Kurang Lancar/ Substandard
Diragukan/ Doubtful
Macet/ Loss
Penyisihan kerugian penurunan nilai/ Allowance for impairment losses
Bersih/ Net
Rupiah Pertanian, perburuan dan kehutanan Perikanan Pertambangan dan penggalian Industri pengolahan Listrik, gas dan air Konstruksi Perdagangan besar dan eceran Penyediaan akomodasi dan penyediaan makan minum Transportasi, pergudangan dan komunikasi Perantara keuangan Real estate, usaha persewaan dan jasa perusahaan Administrasi pemerintahan, pertahanan dan jaminan sosial wajib Jasa pendidikan Jasa kesehatan dan kegiatan sosial Jasa kemasyarakatan, sosial budaya, hiburan dan perorangan lainnya Jasa perorangan yang melayani rumah tangga Rumah tangga Lain-lain
Rupiah 803,984 130,707
35,789 16,774
6,201 3,131
10,325 3,412
9,543 9,537
(17,476) (7,624)
848,366 155,937
Agriculture, hunting and forestry Fishing
205,730 6,127,911 19,848 531,221
19,379 165,795 1,570 3,437
544 99,771 110 1,751
1,663 119,377 133 5,068
1,069 111,736 380 7,258
(3,067) (156,851) (573) (9,519)
225,318 6,467,739 21,468 539,216
Mining and excavation Manufacturing Electricity, gas and water Construction
18,412,636
1,074,675
294,996
438,562
381,014
(720,291) 19,881,592
1,032,286
91,419
12,405
21,664
17,345
(41,105)
1,134,014
1,605,123 2,500,584
227,054 2,666
9,150 347
11,218 1,318
77,222 2,817
(61,018) (17,565)
1,868,749 2,490,167
3,592,169
105,819
26,261
19,850
29,525
(48,943)
3,724,681
3,430 34,013
88 3,095
201
802
347
(28) (776)
3,490 37,682
232,653
20,976
3,017
3,478
2,149
(5,256)
257,017
962,818
130,961
20,394
33,013
24,975
(41,414)
1,130,747
Wholesale and retail Accomodation and food and beverages Transportation, warehousing and communications Financial intermediary Real estate, leasing services and servicing companies Government administration, defense and mandatory social security Educational services Health and social services Services in social, art, culture, recreation and other individual services
30,698 24,169,784 1,320,456 61,716,051
4,413 5,357,693 232,105 7,493,708
784 151,274 14,581 644,918
1,037 225,778 23,187 919,885
972 167,502 46,765 890,156
* tidak diaudit
(1,746) 36,158 (900,649) 29,171,382 (183,134) 1,453,960 (2,217,035) 69,447,683
Individual services to households Households Others
unaudited * LAMPIRAN – 5/89- SCHEDULE
281
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
10. PINJAMAN YANG DIBERIKAN (lanjutan) b.
10. LOANS (continued)
Berdasarkan sektor ekonomi (lanjutan)
b.
By economic sector (continued)
31 Maret/March 2011
Lancar/ Pass Mata uang asing Pertanian, perburuan dan kehutanan Perikanan Pertambangan dan penggalian Industri pengolahan Konstruksi Perdagangan besar dan eceran Penyediaan akomodasi dan penyediaan makan minum Transportasi, pergudangan dan komunikasi ....Perantara keuangan Real estate, usaha persewaan dan jasa perusahaan Jasa kesehatan dan kegiatan sosial Jasa kemasyarakatan, sosial budaya, hiburan dan perorangan lainnya Rumah tangga
Jumlah - bersih
Dalam Perhatian Khusus/ Special Mention
Kurang Lancar/ Substandard
Diragukan/ Doubtful
Penyisihan kerugian penurunan nilai/ Allowance for impairment losses
Macet/ Loss
Bersih/ Net
256,614 -
-
-
-
47,891
(2,310) (47,891)
254,304 -
Foreign currencies Agriculture, hunting and forestry Fishing
1,433,312 2,814,088 146,171
19,285 238,586 -
-
42,396 -
40,749 -
(24,579) (113,364) (1,097)
1,428,018 3,022,455 145,074
Mining and excavation Manufacturing Construction
572,724
1,403
-
-
968
(4,610)
570,485
34,981
-
-
-
-
(210)
34,771
482,611 94,972
-
-
-
-
(3,708) (551)
478,903 94,421
671,247
23,954
-
-
457
(5,640)
690,018
527
-
-
-
-
(5)
522
115,896 93,849 6,716,992
2,031 285,259
29 29
111 42,507
708 84 90,857
(2,281) (524) (206,770)
114,323 95,580 6,928,874
Wholesale and retail Accomodation and food and beverages Transportation, warehousing and communications Financial intermediary Real estate, leasing services and servicing companies Health and social services Services in social, art, culture, recreation and other individual services Households
68,433,043
7,778,967
644,947
962,392
981,013
* tidak diaudit
(2,423,805) 76,376,557
Total - net
unaudited * LAMPIRAN – 5/90- SCHEDULE
282
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
10. PINJAMAN YANG DIBERIKAN (lanjutan) b.
10. LOANS (continued)
Berdasarkan sektor ekonomi (lanjutan)
b.
By economic sector (continued)
31 Desember/December 2010
Lancar/ Pass
Dalam Perhatian Khusus/ Special Mention
Kurang Lancar/ Substandard
Diragukan/ Doubtful
Macet/ Loss
Penyisihan kerugian penurunan nilai/ Allowance for impairment losses
Bersih/ Net
Rupiah Pertanian, perburuan dan kehutanan Perikanan Pertambangan dan penggalian Industri pengolahan Listrik, gas dan air Konstruksi Perdagangan besar dan eceran Penyediaan akomodasi dan penyediaan makan minum Transportasi, pergudangan dan komunikasi Perantara keuangan Real estate, usaha persewaan dan jasa perusahaan Administrasi pemerintahan, pertahanan dan jaminan sosial wajib Jasa pendidikan Jasa kesehatan dan kegiatan sosial Jasa kemasyarakatan, sosial budaya, hiburan dan perorangan lainnya Jasa perorangan yang melayani rumah tangga Rumah tangga Lain-lain
Rupiah 675,781 131,033
33,461 19,696
6,023 2,561
7,146 3,198
9,585 5,679
(16,440) (7,350)
715,556 154,817
Agriculture, hunting and forestry Fishing
225,008 5,696,193 21,344 487,498
8,801 173,414 1,295 9,580
579 23,626 206 75
271 85,559 316 3,003
1,006 129,248 38 8,380
(3,645) (167,298) (363) (7,401)
232,020 5,940,742 22,836 501,135
Mining and excavation Manufacturing Electricity, gas and water Construction
18,871,573
950,911
317,510
419,304
383,766
(757,191) 20,185,873
946,931
80,825
15,208
14,360
13,499
(34,413)
1,036,410
1,695,702 2,566,043
233,676 5,784
5,422 957
44,514 2,816
51,173 1,434
(64,799) (17,470)
1,965,688 2,559,564
3,080,060
90,903
6,510
20,303
13,990
(42,948)
3,168,818
5,014 37,654
2,612
746
503
701
(34) (847)
4,980 41,369
233,754
17,061
2,310
2,603
1,396
(4,034)
253,090
992,177
111,393
19,909
18,838
22,954
(36,389)
1,128,882
Wholesale and retail Accomodation and food and beverages Transportation, warehousing and communications Financial intermediary Real estate, leasing services and servicing companies Government administration, defense and mandatory social security Educational services Health and social services Services in social, art, culture, recreation and other individual services
37,320 22,708,376 1,268,986 59,680,447
3,957 5,108,363 207,811 7,059,543
613 142,917 15,706 560,878
819 226,615 25,734 875,902
781 145,920 47,966 837,516
* tidak diaudit
(1,310) 42,180 (901,197) 27,430,994 (193,977) 1,372,226 (2,257,106) 66,757,180
Individual services to households Households Others
unaudited * LAMPIRAN – 5/91- SCHEDULE
283
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
10. PINJAMAN YANG DIBERIKAN (lanjutan) b.
10. LOANS (continued)
Berdasarkan sektor ekonomi (lanjutan)
b.
By economic sector (continued)
31 Desember/December 2010
Lancar/ Pass Mata uang asing Pertanian, perburuan dan kehutanan Pertambangan dan penggalian Industri pengolahan Konstruksi Perdagangan besar dan eceran Penyediaan akomodasi dan penyediaan makan minum Transportasi, pergudangan dan komunikasi ....Perantara keuangan Real estate, usaha persewaan dan jasa perusahaan Jasa kesehatan dan kegiatan sosial Jasa kemasyarakatan, sosial budaya, hiburan dan perorangan lainnya Rumah tangga Lain-lain
Jumlah - bersih
Dalam Perhatian Khusus/ Special Mention
Kurang Lancar/ Substandard
Diragukan/ Doubtful
Penyisihan kerugian penurunan nilai/ Allowance for impairment losses
Macet/ Loss
Bersih/ Net
274,268
-
-
-
-
(2,606)
271,662
Foreign currencies Agriculture, hunting and forestry
1,204,180 1,630,236 107,775
258,419 -
-
-
150 -
(20,778) (39,168) (812)
1,183,552 1,849,487 106,963
Mining and excavation Manufacturing Construction
1,796,798
-
119
78,279
93,194
(170,246)
1,798,144
36,592
-
-
-
-
(249)
36,343
405,079 75,621
-
-
-
-
(3,273) (469)
401,806 75,152
554,896
27,004
-
591
-
(5,504)
576,987
605
-
-
-
-
(5)
600
106,145 106,793 6,298,988
2,114 287,537
7 126
97 78,967
136 137 1 93,618
(4,302) (679) (248,091)
101,979 108,469 1 6,511,145
Wholesale and retail Accomodation and food and beverages Transportation, warehousing and communications Financial intermediary Real estate, leasing services and servicing companies Health and social services Services in social, art, culture, recreation and other individual services Households Others
65,979,435
7,347,080
561,004
954,869
931,134
* tidak diaudit
(2,505,197) 73,268,325
Total - net
unaudited * LAMPIRAN – 5/92- SCHEDULE
284
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
10. PINJAMAN YANG DIBERIKAN (lanjutan) b.
10. LOANS (continued)
Berdasarkan sektor ekonomi (lanjutan)
b.
By economic sector (continued)
31 Desember/December 2009
Dalam Perhatian Khusus/ Special Mention
Lancar/ Pass Rupiah Perdagangan, restoran dan hotel Industri pengolahan Listrik, gas dan air Pertanian, peternakan dan sarana pertanian Jasa-jasa dunia usaha Jasa-jasa sosial/ masyarakat Pengangkutan, pergudangan dan komunikasi Pertambangan Konstruksi Lain-lain Mata uang asing Perdagangan, restoran dan hotel Industri pengolahan Listrik, gas dan air Pertanian, peternakan dan sarana pertanian Jasa-jasa dunia usaha Jasa-jasa sosial/ masyarakat Pengangkutan, pergudangan dan komunikasi Pertambangan Konstruksi Lain-lain
Jumlah Dikurangi: Pendapatan bunga ditangguhkan Jumlah - bersih
Kurang Lancar/ Substandard
Diragukan/ Doubtful
Penyisihan kerugian penurunan nilai/ Allowance for impairment losses
Macet/ Loss
15,681,730 4,654,568
936,606 319,373
326,999 37,551
314,226 135,583
416,615 164,177
14,478
959
44
76
48
(367)
722,773 5,608,719
38,758 525,620
67,300 23,336
6,015 55,870
4,803 28,999
(24,081) (174,301)
477,881
20,508
6,352
4,419
45,445
(55,302)
1,397,362 267,413 534,957 17,813,277 47,173,158
37,454 7,230 11,652 3,615,490 5,513,650
6,400 138 499 152,096 620,715
4,903 306 10,976 185,113 717,487
30,578 13,634 1,513 195,512 901,324
Bersih/ Net Rupiah Trading, restaurant and hotel Manufacturing Electricity, gas 15,238 and water Agriculture, farming and 815,568 agriculture facilities 6,068,243 Business services
(836,010) 16,840,166 (267,860) 5,043,392
499,303
(56,952) 1,419,745 (12,170) 276,551 (10,689) 548,908 (528,877) 21,432,611 (1,966,609) 52,959,725
Foreign currencies Trading, restaurant 564,415 and hotel 1,876,829 Manufacturing Electricity, gas 895 and water Agriculture, farming and 313,163 agriculture facilities 1,070,667 Business services
340,933 1,763,033
1,353 101,276
264,093 -
81,624
1,045 70,683
(43,009) (139,787)
904
-
-
-
-
(9)
290,229 1,081,482
-
-
51,673 -
-
(28,739) (10,815)
30,516
986
-
-
-
(169)
31,333
321,086 883,314 104,436 128,900 4,944,833
38,768 3,309 145,692
92,582 247 356,922
194 156 133,647
119 71,847
(3,237) (16,666) (1,029) (1,552) (245,012)
317,968 997,998 103,601 131,060 5,407,929
52,117,991
5,659,342
977,637
851,134
973,171
-
-
-
-
52,117,991
5,659,342
977,637
851,134
* tidak diaudit
(84) 973,087
(2,211,621) 58,367,654
-
Social/public services Transportation, warehousing and communication Mining Construction Others
(84)
(2,211,621) 58,367,570
Social/public services Transportation, warehousing and communication Mining Construction Others
Total Less: Unearned interest income Total - net
unaudited * LAMPIRAN – 5/93- SCHEDULE
285
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
10. PINJAMAN YANG DIBERIKAN (lanjutan) c.
10. LOANS (continued)
Berdasarkan wilayah geografis
c.
31 Desember/ December 2010 2009
31 Maret/ March 2011 Jakarta, Bogor, Tangerang dan Bekasi Jawa Barat
29,492,498 6,220,267
28,823,006 5,857,199
24,781,183 4,614,817
Jawa Timur, Bali, NTT dan NTB Sulawesi, Maluku dan Papua Kalimantan Sumatra Jawa Tengah dan Yogyakarta Jumlah
11,284,148 5,889,897 5,043,622 12,648,494 8,221,436 78,800,362
11,109,662 5,479,962 4,556,224 11,946,253 8,001,216 75,773,522
8,280,788 3,826,625 3,347,838 9,330,845 6,397,179 60,579,275
-
-
Dikurangi: Pendapatan bunga ditangguhkan
d.
Penyisihan kerugian penurunan nilai
(2,423,805)
(2,505,197)
Jumlah - bersih
76,376,557
73,268,325
Pinjaman yang direstrukturisasi
d.
Pinjaman yang direstrukturisasi meliputi antara lain penjadwalan ulang pembayaran pokok pinjaman dan bunga, penyesuaian tingkat suku bunga, pengurangan tunggakan bunga dan penambahan fasilitas pinjaman.
Pinjaman yang direstrukturisasi Dikurangi: Penyisihan kerugian penurunan nilai
Jakarta, Bogor, Tangerang and Bekasi Jawa Barat Jawa Timur, Bali, NTT and NTB Sulawesi, Maluku and Papua Kalimantan Sumatra Jawa Tengah and Yogyakarta Total
(84) (2,211,621) ) 58,367,570
Less: Unearned interest income Allowance for impairment losses Total - net
Restructured loans Restructured loans consist of loans with rescheduled principal and interest payments, adjusted interest rates, reduced overdue interest, and increased loan facilities.
31 Desember/ December 2010 2009
31 Maret/ March 2011 2,122,152
2,236,296
1,973,450
Restructured loans Less:
(324,031) 1,798,121
e.
By geographic region
(331,263) 1,905,033
Pinjaman sindikasi
e.
Pinjaman sindikasi merupakan pinjaman yang diberikan kepada debitur berdasarkan perjanjian pembiayaan bersama (sindikasi) dengan bankbank lain. Jumlah pinjaman sindikasi pada tanggal 31 Maret 2011 adalah sebesar Rp 965.101 (31 Desember 2010: Rp 673.734 dan 2009: Rp 126.492). Keikutsertaan Bank dalam pinjaman sindikasi sebagai anggota sebesar 1,50% 84,62% (31 Desember 2010: 1,50% - 84,62% dan 2009: 1,50% - 84,62%) dari masing-masing fasilitas pinjaman.
(252,580)
Allowance for impairment losses
1,720,870
Syndicated loans Syndicated loans represent loans provided to debtors under syndication agreements with other banks. Total syndicated loans as at 31 March 2011 amounted to Rp 965,101 (31 December 2010: Rp 673,734 and 2009: Rp126,492). The participation of the Bank as a member of syndications is between 1.50% - 84.62% (31 December 2010: 1.50% - 84.62% and 2009: 1.50% - 84.62%) of each syndicated loan facility.
* tidak diaudit
unaudited * LAMPIRAN – 5/94- SCHEDULE
286
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
10. PINJAMAN YANG DIBERIKAN (lanjutan) f.
10. LOANS (continued)
Perubahan penyisihan kerugian penurunan nilai
f.
Perubahan penyisihan kerugian penurunan nilai adalah sebagai berikut:
Movement in the allowance for impairment losses was as follows:
31 Maret/ March 2011 Saldo awal periode/tahun Penyisihan kerugian penurunan nilai kolektif: Penyesuaian sehubungan dengan penerapan PSAK No. 55 (Revisi 2006) (Catatan 55) Penambahan kerugian penurunan nilai selama periode/tahun berjalan Penerimaan kembali pinjaman yang telah dihapusbukukan Penghapusbukuan selama periode/tahun berjalan Penyisihan kerugian penurunan nilai spesifik: Penyesuaian sehubungan dengan penerapan PSAK No. 55 (Revisi 2006) (Catatan 55) (Pemulihan)/penambahan kerugian penurunan nilai selama periode/ tahun berjalan Penerimaan kembali pinjaman yang telah dihapusbukukan Penghapusbukuan selama periode/tahun berjalan Selisih kurs Saldo akhir periode/tahun
Movement of allowance for impairment losses
31 Desember/ December 2010
2,505,197
2,211,621
-
98,017
533,399
1,454,956
122,003
508,481
(548,425)
(1,963,374)
Recoveries from loans written-off Write-offs during the period/year
440,362 70,386
Recoveries from loans written-off
(224,248) (20,600)
Write-offs during the periode/year Exchange rate difference
(70,404)
(191,626) 310
2,423,805
Collective allowance for impairment losses: Adjustment in connection with the implementation of SFAS No. 55 (2006 Revision) (Note 55) Addition of impairment losses during the period/year
Specific allowance for impairment losses: Adjustment in connection with the implementation of SFAS No. 55 (2006 Revision) (Note 55) (Recovery)/addition of impairment losses during the period/year
-
(5,329) 8,276
Balance at the beginning of period/year
2,505,197
Balance at the end of period/year
31 Desember/ December 2009 Saldo awal tahun Penambahan kerugian penurunan nilai selama tahun berjalan, termasuk kerugian restrukturisasi kredit sebesar Rp 135.271 Penerimaan kembali pinjaman yang telah dihapusbukukan Penghapusbukuan selama tahun berjalan Selisih kurs
1,572,564
2,069,304 545,104
Saldo akhir tahun
Manajemen berpendapat bahwa jumlah penyisihan kerugian penurunan nilai atas pinjaman yang diberikan telah memadai.
Balance at the beginning of year Addition of impairment losses during the year, including losses from debt restructuring of Rp 135,271 Recoveries from loans written-off
(1,895,297) (80,054)
Write-offs during the year Exchange rate difference
2,211,621
Balance at the end of year
Management believes that the allowance for impairment losses on loans is adequate.
* tidak diaudit
unaudited * LAMPIRAN – 5/95- SCHEDULE
287
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
10. PINJAMAN YANG DIBERIKAN (lanjutan) g.
10. LOANS (continued)
Pembiayaan bersama
g.
Bank mengadakan perjanjian pemberian fasilitas pembiayaan bersama dengan beberapa lembaga pembiayaan untuk membiayai kepemilikan kendaraan bermotor dan barang-barang konsumtif. Jumlah saldo fasilitas pembiayaan bersama dengan dan tanpa tanggung renteng pada tanggal 31 Maret 2011 adalah sebesar Rp 13.513.154 (31 Desember 2010: Rp 13.149.288 dan 2009: Rp 10.095.711) yang termasuk dalam pinjaman konsumsi (lihat Catatan 10a). h.
i.
Kredit kelolaan
The Bank has entered into joint financing agreements with several multi-finance companies for financing retail purchases of vehicles and consumer durable products. The outstanding balance of joint financing agreements with and without recourse as at 31 March 2011 was Rp 13,513,154 (31 December 2010: Rp 13,149,288 and 2009: Rp 10,095,711) and was included under consumer loans (see Note 10a).
h.
Channelling loans
Kredit kelolaan adalah kredit yang diterima oleh Bank dari BI untuk diteruskan membiayai proyekproyek pertanian di Indonesia. Bank tidak menanggung risiko atas kredit kelolaan yang diteruskan ini sehingga kredit ini tidak dicatat sebagai pinjaman dalam laporan keuangan konsolidasian.
Channelling loans are loans received by the Bank from BI which have been channelled to finance agricultural projects in Indonesia. The Bank bears no credit risk on these loans; therefore, these channelling loans were not recorded as loans in the consolidated financial statements.
Pada tanggal 31 Maret 2011, saldo kredit kelolaan adalah Rp 350.660 (31 Desember 2010: Rp 350.682 dan 2009: Rp 350.708).
As at 31 March 2011, the balance of channelling loans amounted to Rp 350,660 (31 December 2010: Rp 350,682 and 2009: Rp 350,708).
Pinjaman lain-lain
i.
Bank juga mengadakan perjanjian dengan beberapa lembaga pembiayaan untuk pengambilalihan piutang pembiayaan konsumen. Untuk perjanjian piutang tanpa tanggung renteng (without recourse), risiko kredit akhir berada pada debitur lembaga pembiayaan, sedangkan untuk perjanjian dengan tanggung renteng (with recourse), risiko kredit akhir berada pada lembaga pembiayaan. j.
Joint financing
Informasi pokok lainnya sehubungan dengan pinjaman yang diberikan Pada tanggal 31 Maret 2011, rasio NPL-gross dan rasio NPL-net adalah masing-masing sebesar 3,30% dan 0,22% (31 Desember 2010: 3,25% dan 0,00% dan 2009: 4,64% dan 0,00%) yang dihitung berdasarkan Surat Edaran Bank Indonesia No. 12/11/DPNP tanggal 31 Maret 2010.
Other loans The Bank has also entered into agreements with several multi-finance companies to take over consumer financing receivables. For agreements without recourse, the ultimate credit risk is with the customers of the finance companies, whilst for the agreements with recourse, the ultimate credit risk is with the respective multi-finance companies.
j.
Other significant information relating to loans
As at 31 March 2011, the percentage of NPLgross and NPL-net were 3.30% and 0.22% (31 December 2010: 3.25% and 0.00% and 2009: 4.64% and 0.00%), respectively, which was calculated based on Circular Letter of Bank Indonesia No. 12/11/DPNP dated 31 March 2010.
* tidak diaudit
unaudited * LAMPIRAN – 5/96- SCHEDULE
288
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
10. PINJAMAN YANG DIBERIKAN (lanjutan) j.
10. LOANS (continued)
Informasi pokok lainnya sehubungan dengan pinjaman yang diberikan (lanjutan)
j.
Other significant information relating to loans (continued)
Pada tanggal 31 Desember 2009, rasio NPL-net yang dihitung berdasarkan Surat Edaran Bank Indonesia No. 7/10/DPNP tanggal 31 Maret 2005 adalah sebesar 2,47%.
As at 31 December 2009, the percentage of NPLnet which was calculated based on Circular Letter of Bank Indonesia No. 7/10/DPNP dated 31 March 2005 was 2.47%.
Pinjaman yang diberikan pada umumnya dijamin dengan deposito berjangka atau harta tak bergerak yang diaktakan dengan akta pemberian hak tanggungan atau surat kuasa untuk menjual, atau jaminan lain yang umumnya diterima oleh Bank (lihat Catatan 18).
These loans are generally secured by time deposits or by registered mortgages or by powers of attorney to mortgage or sell, or by other guarantees acceptable to the Bank (see Note 18).
Jumlah pinjaman yang diberikan yang dijamin dengan agunan tunai pada tanggal 31 Maret 2011 adalah sebesar Rp 2.027.280 (31 Desember 2010: Rp 1.995.870 dan 2009: Rp 1.849.694).
Total loans with cash collaterized as at 31 March 2011 was Rp 2,027,280 (31 December 2010: Rp 1,995,870 and 2009: Rp 1,849,694).
Termasuk dalam pinjaman yang diberikan dalam mata uang Rupiah pada tanggal 31 Maret 2011 adalah pembiayaan syariah, bruto sebesar Rp 718.796 (31 Desember 2010: Rp 683.094 dan 2009: Rp 747.177).
Included in loans denominated in Rupiah as at 31 March 2011 is sharia financing - gross amounting to Rp 718,796 (31 December 2010: Rp 683,094 and 2009: Rp 747,177).
Rasio kredit usaha mikro kecil terhadap kredit yang diberikan pada tanggal 31 Maret 2011 adalah sebesar 16,97% (31 Desember 2010: 17,50%).
Ratio of small micro business credits to loans receivable as at 31 March 2011 was 16.97% (31 December 2010: 17.50%).
Rasio kredit usaha kecil terhadap kredit yang diberikan pada tanggal 31 Desember 2009 adalah sebesar 15,10%.
Ratio of small business credits to loans receivable as at 31 December 2009 was 15.10%.
Suku bunga efektif rata-rata tertimbang setahun untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 adalah 16,21% untuk Rupiah dan 5,63% untuk mata uang asing (31 Desember 2010: 17,29% dan 6,58% dan 2009: tingkat suku bunga rata-rata tertimbang 19,09% dan 8,15%).
Weighted average effective interest per annum for the three-month period ended 31 March 2011 was 16.21% for Rupiah dan 5.63% for foreign currencies (31 December 2010: 17.29% and 6.58% and 2009: weighted average interest rate 19.09% and 8.15%).
Informasi mengenai klasifikasi dan nilai wajar pinjaman diberikan diungkapkan pada Catatan 48.
Information with regards to the classification and fair value of loans was disclosed in Note 48.
* tidak diaudit
unaudited * LAMPIRAN – 5/97- SCHEDULE
289
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
11. PIUTANG PEMBIAYAAN KONSUMEN
11. CONSUMER FINANCING RECEIVABLES
Informasi mengenai jatuh tempo diungkapkan pada Catatan 47d.
Information in respect of maturities is disclosed in Note 47d.
Piutang pembiayaan konsumen Anak Perusahaan adalah sebagai berikut:
The Subsidiaries’ consumer financing receivables were as follows: 31 Desember/ December 2010 2009
31 Maret/ March 2011 Piutang pembiayaan konsumen pihak ketiga Pendapatan pembiayaan konsumen yang belum diakui pihak ketiga Dikurangi: Penyisihan kerugian penurunan nilai pihak ketiga Jumlah - bersih
16,639,663
15,982,331
(9,496,424)
9,222,473
(9,118,207)
(207,425)
(201,063) 6,663,061
6,935,814
Consumer financing receivables third parties
(6,524,047)
Unrecognized consumer financing income third parties
(43,752)
Less: Allowance for impairment losses third parties
2,654,674
Total - net
Pada tanggal 31 Maret 2011 dan 31 Desember 2010, biaya transaksi yang terkait langsung dengan perolehan nasabah baru disajikan sebagai bagian dari piutang pembiayaan konsumen masing-masing sebesar Rp1.538.636 dan Rp 1.552.771 (lihat Catatan 2e.2, 2p).
As at 31 March 2011 and 31 December 2010, the gross consumer financing receivables include transaction costs directly attributed to the origination of consumer financing accounts amounted to Rp 1,538,636 and Rp 1,552,771, respectively (see Notes 2e.2, 2p).
Suku bunga kontraktual setahun untuk pembiayaan konsumen adalah sebagai berikut:
Contractual interest rates per annum for consumer financing were as follows:
Produk Mobil Motor Produk barang konsumtif
31 Maret/ March 2011 14.93% - 20.01% 29.27% - 35.14% 40.00% - 70.00%
31 Desember/ December 2010 2009 14.73% - 21.57% 29.23% - 37.73% 45.00% - 70.00%
17.52% - 28.05% 31.36% - 41.54% 40.00% - 70.00%
Products Automobiles Motorcycles Consumer durables products
Suku bunga efektif rata-rata tertimbang setahun untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 adalah 14,50% untuk mobil, 23,08% untuk motor dan 46,15% untuk produk konsumtif (31 Desember 2010: 14,32%, 21,86% dan 48,40% dan 2009: tingkat suku bunga rata-rata tertimbang 21,77%, 34,86% dan 51,47%).
The weighted average effective interest rate per annum for the three-month period ended 31 March 2011 was 14.50% for automobiles, 23.08% for motorcycles and 46.15% for consumer durables products (31 December 2010: 14.32%, 21.86% and 48.40% and 2009: weighted average interest rate 21.77%, 34.86% and 51.47%).
Sebagai jaminan atas piutang pembiayaan konsumen yang diberikan, Anak Perusahaan menerima jaminan dari konsumen berupa Bukti Pemilikan Kendaraan Bermotor (BPKB) atas kendaraan bermotor yang dibiayai.
The consumer financing receivables are secured by the Certificates of Ownership (BPKB) of the motor vehicles financed by the Subsidiary.
* tidak diaudit
unaudited * LAMPIRAN – 5/98- SCHEDULE
290
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
11. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan)
11. CONSUMER (continued)
FINANCING
RECEIVABLES
Piutang pembiayaan konsumen yang dijadikan jaminan atas obligasi yang diterbitkan dan fasilitas pinjaman yang diterima Anak Perusahaan pada tanggal 31 Maret 2011 seperti yang dijelaskan pada Catatan 21 dan 22 masing-masing sebesar Rp 1.526.400 dan Rp 175.000 (31 Desember 2010: Rp 926.400 dan Rp 50.000 dan 2009: Rp 408.000 dan Rp 240.000).
The total consumer financing receivables which were pledged as collateral for bonds issued and borrowing facilities granted to the Subsidiary as at 31 March 2011, as disclosed in Notes 21 and 22 amounted to Rp 1,526,400 and Rp 175,000 (31 December 2010: Rp 926,400 and Rp 50,000 and 2009: Rp 408,000 and Rp 240,000), respectively.
Perubahan penyisihan kerugian penurunan nilai
Movement of allowance for impairment losses
Perubahan penyisihan kerugian penurunan nilai kolektif adalah sebagai berikut:
Movement in the collective allowance for impairment losses was as follows: 31 Desember/ December 2010 2009
31 Maret/ March 2011 Saldo awal Penyesuaian sehubungan dengan penerapan PSAK No. 55 (Revisi 2006) (Catatan 55) Penambahan/(pemulihan) kerugian penurunan nilai selama periode/tahun berjalan Penghapusbukuan selama periode/ tahun berjalan Penerimaan kembali piutang pembiayaan konsumen yang telah dihapusbukukan
201,063
43,752
37,800
Beginning balance Adjustment in connection with the implementation of SFAS No. 55 (2006 Revision) (Note 55) Addition/(recovery) of impairment losses during the period/year
-
83,661
-
31,654
63,764
(74,650)
(46,681)
(126,525)
(31,054)
21,389
136,411
111,656
Write-offs during the period/year Recoveries from consumer financing receivables written-off
Saldo akhir
207,425
201,063
43,752
Ending balance
Piutang pembiayaan konsumen yang telah direstrukturisasi pada tanggal 31 Maret 2011, 31 Desember 2010 dan 2009 masing-masing sebesar Rp 81.401, Rp 64.621 dan Rp 63.883.
The restructured consumer financing receivables as at 31 March 2011, 31 December 2010 and 2009 were Rp 81,401, Rp 64,621 and Rp 63,883, respectively.
Manajemen berpendapat bahwa jumlah penyisihan kerugian penurunan nilai atas piutang pembiayaan konsumen telah memadai.
Management believes that the allowance for impairment losses on consumer financing receivables is adequate.
Informasi mengenai klasifikasi dan nilai wajar piutang pembiayaan konsumen diungkapkan pada Catatan 48.
Information with regards to the classification and fair value of consumer financing receivables was disclosed in Note 48.
* tidak diaudit
unaudited * LAMPIRAN – 5/99- SCHEDULE
291
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
12. TAGIHAN AKSEPTASI
12. ACCEPTANCE RECEIVABLES
Tagihan akseptasi kepada pihak berelasi diungkapkan pada Catatan 44e. Informasi mengenai jatuh tempo diungkapkan pada Catatan 47d.
Acceptance receivables to related parties are disclosed in Note 44e. Information in respect of maturities is disclosed in Note 47d.
a.
a.
Berdasarkan pihak dan mata uang
31 Desember/ December 2010 2009
31 Maret/ March 2011
b.
By party and currency
Rupiah - Bank lain - Debitur
9,380 11,828
3,430 23,504
1,179 255,750
Rupiah Other banks Debtors -
Jumlah - Rupiah
21,208
26,934
256,929
Total - Rupiah
Mata uang asing - Bank lain - Debitur
7,516 857,081
1,812 730,378
5,466 857,716
Foreign currencies Other banks Debtors -
Jumlah - mata uang asing
864,597
732,190
863,182
Total - foreign currencies
Jumlah Penyisihan kerugian penurunan nilai
885,805
759,124
1,120,111
Total
-
-
Jumlah - bersih
885,805
759,124
Berdasarkan jatuh tempo
b.
(10,824) 1,109,287
Allowance for impairment losses Total - net
By maturity
31 Desember/ December 2010 2009
31 Maret/ March 2011
Rupiah - Kurang dari 1 bulan - 1 - 3 bulan - > 3 - 6 bulan - > 6 - 12 bulan
8,995 11,923 290 -
9,077 17,541 316 -
18,876 178,253 48,469 11,331
Rupiah Less than 1 month 1 - 3 months > 3 - 6 months > 6 - 12 months -
Jumlah - Rupiah
21,208
26,934
256,929
Total - Rupiah
Mata uang asing - Kurang dari 1 bulan - 1 - 3 bulan - > 3 - 6 bulan - > 6 - 12 bulan - Lebih dari 12 bulan
185,890 434,422 244,285 -
146,323 330,380 249,643 5,844 -
125,552 451,747 282,657 1,261 1,965
Foreign currencies Less than 1 month 1 - 3 months > 3 - 6 months > 6 - 12 months More than 12 months -
Jumlah - mata uang asing
864,597
732,190
863,182
Total - foreign currencies
Jumlah Penyisihan kerugian penurunan nilai
885,805
759,124
1,120,111
Total
-
-
Jumlah - bersih
885,805
759,124
* tidak diaudit
(10,824) 1,109,287
Allowance for impairment losses Total - net
unaudited * LAMPIRAN – 5/100- SCHEDULE
292
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
12. TAGIHAN AKSEPTASI (lanjutan)
12. ACCEPTANCE RECEIVABLES (continued)
c. Berdasarkan kolektibilitas BI
c.
Berdasarkan peraturan BI yang berlaku, seluruh tagihan akseptasi pada tanggal 31 Maret 2011, 31 Desember 2010 dan 2009 digolongkan sebagai lancar.
By BI collectibility Based on the prevailing BI regulation, all acceptance receivables as at 31 March 2011, 31 December 2010 and 2009 were classified as pass.
d. Perubahan penyisihan kerugian penurunan nilai
d.
Movement of allowance for impairment losses
31 Desember/ December 2010 2009
31 Maret/ March 2011
Saldo awal Penyesuaian sehubungan dengan penerapan PSAK No. 55 (Revisi 2006) (Catatan 55) (Pemulihan)/penambahan selama periode/tahun berjalan
-
10,824
Saldo akhir
-
-
(10,757)
-
-
(67)
1,509
Beginning balance Adjustment in connection with the implementation of SFAS No.55 (2006 Revision) (Note 55) (Recovery)/addition during the period/year
10,824
Ending balance
-
9,315
Manajemen berpendapat bahwa jumlah penyisihan kerugian penurunan nilai atas tagihan akseptasi telah memadai.
Management believes that the allowance for impairment losses on acceptance receivables is adequate.
Tagihan akseptasi dalam mata uang asing terdiri dari Dolar Amerika Serikat, Yen Jepang dan Euro (lihat Catatan 52).
Acceptance receivables in foreign currencies are denominated in United States Dollar, Japanese Yen and Euro (see Note 52).
Informasi mengenai klasifikasi dan nilai wajar tagihan akseptasi diungkapkan pada Catatan 48.
Information with regards to the classification and fair value of acceptance receivables was disclosed in Note 48.
* tidak diaudit
unaudited * LAMPIRAN – 5/101- SCHEDULE
293
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
13. OBLIGASI PEMERINTAH
13. GOVERNMENT BONDS Information in respect of maturities is disclosed in Note 47d.
Informasi mengenai jatuh tempo diungkapkan pada Catatan 47d. a.
Berdasarkan jenis
a.
By type
31 Desember/ December 2010
31 Maret/March2011 Nilai Nilai tercatat/ nominal/ Carrying Nominal value value
31 Desember/ December 2009
Nilai tercatat/ Carrying value
Nilai nominal/ Nominal value
Nilai nominal/ Nominal value
Nilai tercatat/ Carrying value
Dimiliki hingga jatuh tempo (harga perolehan, setelah premi/diskonto yang belum diamortisasi) - Suku bunga tetap, setelah dikurangi/ ditambah diskonto atau premi yang belum diamortisasi sebesar Rp 124.970
-
-
-
-
2,459,287
2,334,317
Tersedia untuk dijual (nilai wajar) - Suku bunga tetap - Suku bunga mengambang
1,243,951 4,227,220
1,298,190 4,226,388
1,487,610 4,397,220
1,600,208 4,451,173
2,130,224 6,300,000
Available for sale (fair value) 2,291,836 Fixed interest rate 6,168,389 Floating interest rate -
5,471,171
5,524,578
5,884,830
6,051,381
8,430,224
8,460,225
Diperdagangkan (nilai wajar) - Suku bunga tetap Jumlah
Held to maturity (cost, net of unamortized premium/discount)
84,120
88,176
82,103
5,555,291
5,612,754
5,966,933
Pada tanggal 31 Maret 2011 termasuk dalam Obligasi Pemerintah dalam kelompok tersedia untuk dijual dengan nilai nominal sejumlah Rp 3.147.220 (31 Desember 2010: Rp 3.147.220 dan 2009: Rp 3.750.000) yaitu obligasi yang dijual dengan janji dibeli kembali. Liabilitas atas pembelian kembali Obligasi Pemerintah dan efekefek lainnya sebesar Rp 2.790.276 (31 Desember 2010: Rp 2.790.127 dan 2009: Rp 3.754.370) disajikan pada akun efek yang dijual dengan janji dibeli kembali. Liabilitas atas pembelian kembali Obligasi Pemerintah akan jatuh tempo antara tanggal 15 Agustus 2011 sampai dengan tanggal 12 Pebruari 2014, dan jatuh tempo dari Obligasi Pemerintah itu sendiri antara tanggal 25 Desember 2014 sampai dengan tanggal 25 Nopember 2015.
Fixed interest rate, net of amotized discount or premium of Rp 124,970
216,287
Trading (fair value) Fixed interest rate -
6,138,340 11,093,806 11,010,829
Total
86,959
204,295
As at 31 March 2011 included in the available for sale Government Bonds with nominal value of Rp 3,147,220 (31 December 2010: Rp 3,147,220 dan 2009: Rp 3,750,000) represented bonds sold under repurchase agreements. The corresponding liability in relation to this agreement together with repurchase agreement for other marketable securities of Rp 2,790,276 (31 December 2010: Rp 2,790,127 and 2009: Rp 3,754,370) is presented under the account securities sold under repurchase agreements. The liability in relation to the repurchase agreements of Government Bonds will be matured between 15 August 2011 up to 12 February 2014, and the maturity of the Government Bonds itself are between 25 December 2014 up to 25 November 2015.
* tidak diaudit
unaudited * LAMPIRAN – 5/102- SCHEDULE
294
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
13. OBLIGASI PEMERINTAH (lanjutan)
13. GOVERNMENT BONDS (continued)
a. Berdasarkan jenis (lanjutan)
a.
By type (continued)
Pada tanggal 31 Desember 2009, nilai pasar Obligasi Pemerintah yang dimiliki hingga jatuh tempo dengan tingkat suku bunga tetap adalah berkisar antara 94,94% - 130,04%.
As at 31 December 2009, the market value of held to maturity Government Bonds with fixed interest rates ranging from 94.94% - 130.04%.
Suku bunga efektif rata-rata tertimbang setahun atas Obligasi Pemerintah dalam mata uang asing dan Rupiah untuk periode tiga bulan yang berakhir 31 Maret 2011 adalah masing-masing 5,98% dan 6,87% (31 Desember 2010: 7,37% dan 6,48% dan 2009: tingkat suku bunga rata-rata tertimbang 8,81% dan 6,91%).
Weighted average effective interest rate per annum for Government Bonds in foreign currencies and Rupiah currency for the threemonth period ended 31 March 2011 was 5.98% and 6.87% (31 December 2010: 7.37% and 6.48% and 2009: weighted average interest rate 8.81% and 6.91%).
Selama periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 dan tahun yang berakhir pada tanggal 31 Desember 2010 dan 2009, tidak ada Obligasi Pemerintah dalam kelompok dimiliki hingga jatuh tempo yang diterima oleh Bank dalam rangka program rekapitalisasi yang dipindahkan ke kelompok tersedia untuk dijual dalam rangka transaksi efek yang dijual dengan janji dibeli kembali.
During the three-month period ended 31 March 2011 and years ended 31 December 2010 and 2009, there were no Government Bonds received by the Bank through the recapitalisation program classified as held to maturity which were reclassified to the available for sale portfolio with the purpose of entering into repurchase agreements.
Obligasi Pemerintah dengan nilai nominal setara dengan Rp 7.929.859 telah dijual selama periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 (31 Desember 2010: Rp 33.665.441 dan 2009: Rp 23.981.751) pada harga yang berkisar antara 89% - 144,65% dari nilai nominal (31 Desember 2010: 78,51% - 152,28% dan 2009: 67,75% - 138,20%). Sementara itu, Obligasi Pemerintah dengan nilai nominal setara dengan Rp 7.687.941 telah dibeli selama periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 (31 Desember 2010: Rp 28.725.628 dan 2009: Rp 21.908.892) pada harga yang berkisar antara 89% - 144,63% dari nilai nominal (31 Desember 2010: 78,50% - 152,25% dan 2009: 67,75% 138,63%).
Government Bonds with total nominal value equivalent to Rp 7,929,859 were sold during the three-month period ended 31 March 2011 (31 December 2010: Rp 33,665,441 and 2009: Rp 23,981,751) at prices ranging from 89% 144.65% of nominal value (31 December 2010: 78.51% - 152.28% and 2009: 67.75% - 138.20%). Meanwhile, Government Bonds with total nominal value equivalent to Rp 7,687,941 were bought during the three-month period ended 31 March 2011 (31 December 2010: Rp 28,725,628 and 2009: Rp 21,908,892) at prices ranging from 89% - 144.63% of nominal value (31 December 2010: 78.50% - 152.25% and 2009: 67.75% - 138.63%).
* tidak diaudit
unaudited * LAMPIRAN – 5/103- SCHEDULE
295
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
13. OBLIGASI PEMERINTAH (lanjutan)
13. GOVERNMENT BONDS (continued)
a. Berdasarkan jenis (lanjutan)
b.
a.
By type (continued)
Selama periode tiga bulan berakhir 31 Maret 2011, keuntungan bersih yang belum direalisasi atas kenaikan nilai wajar Obligasi Pemerintah dalam klasifikasi diperdagangkan diakui pada laporan laba rugi konsolidasian sebesar Rp 191 (31 Maret 2010: kerugian bersih sebesar Rp 453; 31 Desember 2010: kerugian bersih sebesar Rp 292 dan 2009: kerugian bersih sebesar Rp 1.485).
During the three-month period ended 31 March 2011, unrealised net gains arising from the increase in fair value of Government Bonds classified as trading securities were recorded in the consolidated statements of income amounting to Rp 191 (31 March 2010: net loss amounting to Rp 453; 31 December 2010: net loss amounting to Rp 292 and 2009: net loss amounting to Rp 1,485).
Akumulasi keuntungan yang belum direalisasi atas kenaikan nilai wajar Obligasi Pemerintah dalam klasifikasi tersedia untuk dijual yang dicatat sebagai komponen ekuitas lainnya, setelah pajak tangguhan, sebesar Rp 15.460 (31 Desember 2010: Rp 77.426 dan 2009: kerugian yang belum direalisasi sebesar Rp 272.682).
Accumulated unrealised gains arising from the increase in fair value of Government Bonds classified as available for sale securities recorded as other equity components, after deferred tax, amounted to Rp 15,460 (31 December 2010: Rp 77,426 dan 2009: unrealised net losses amounting to Rp 272,682).
Bank mengakui keuntungan bersih atas penjualan Obligasi Pemerintah sejumlah Rp 12.158 selama periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 (31 Maret 2010: Rp 14.759; 31 Desember 2010: Rp 242.173 dan 2009: Rp 36.849).
The Bank recognised net gains from the sale of Government Bonds amounting to Rp 12,158 during the three-month period ended 31 March 2011 (31 March 2010: Rp 14,759; 31 December 2010: Rp 242,173 and 2009: Rp 36,849).
Berdasarkan mata uang
b. 31 Maret/March 2011
- Rupiah - Dolar Amerika Serikat
By currency
31 Desember/ December 2010 2009
5,612,754 -
6,138,340 -
9,499,608 1,511,221
5,612,754
6,138,340
11,010,829
* tidak diaudit
Rupiah United States Dollar -
unaudited * LAMPIRAN – 5/104- SCHEDULE
296
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
13. OBLIGASI PEMERINTAH (lanjutan) c.
13. GOVERNMENT BONDS (continued)
Berdasarkan jatuh tempo
c.
Seri Obligasi/ Bonds Series FR12 FR13 FR16 FR17 FR18 FR19 FR20 FR21 FR22 FR23 FR25 FR26 FR27 FR28 FR30 FR31 FR32 FR33 FR36 FR38 FR43 FR44 FR48 FR49 IND_GOV 14 IND_GOV 15 IND_GOV 16 IND_GOV 17 IND_GOV 35 FR54 FR55 ORI2 ORI3 ORI4 ORI5 ORI6 ORI7 ZC03 ZC05
Jatuh tempo/ Maturity 15-May-10 15-Sep-10 15-Aug-11 15-Jan-12 15-Jul-12 15-Jun-13 15-Dec-13 15-Dec-10 15-Sep-11 15-Dec-12 15-Oct-11 15-Oct-14 15-Jun-15 15-Jul-17 15-May-16 15-Nov-20 15-Jul-18 15-Mar-13 15-Sep-19 15-Aug-18 15-Jul-22 15-Sep-24 15-Sep-18 15-Sep-13 10-Mar-14 20-Apr-15 15-Jan-16 09-Mar-17 12-Oct-35 15-Jul-31 15-Sep-16 28-Mar-10 12-Sep-11 12-Mar-12 15-Sep-13 15-Aug-12 15-Aug-13 20-Nov-12 20-Feb-13
Tahun kupon/ Year of coupon Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Semesteran/Semi Annually Bulanan/Monthly Bulanan/Monthly Bulanan/Monthly Bulanan/Monthly Bulanan/Monthly Bulanan/Monthly N/A N/A
VR19
25-Dec-14
Triwulanan/Quarterly
VR20
25-Apr-15
Triwulanan/Quarterly
VR21
25-Nov-15
Triwulanan/Quarterly
By maturity
Jenis Bunga/ Type of Interest rate Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Tetap/Fixed Mengambang/ Floating Mengambang/ Floating Mengambang/ Floating
* tidak diaudit
Nilai tercatat/nilai wajar Carrying value/fair value 31 31 Desember/ Desember/ 31 Maret/ March December December 2010 2009 2011 30,716 105,811 51,428 52,415 65,327 32,265 32,875 86,562 88,461 88,998 22,976 265,268 262,041 117,242 120,395 171,018 10,431 113,007 114,952 117,645 123,780 125,752 123,669 131,239 131,896 37,219 38,162 213,778 74,823 25,792 243,218 33,130 34,028 123,786 90,969 247,544 220,840 168,977 172,550 169,912 136,123 11 11 260,298 208 211 213,427 488 489 356 493 504 56,719 22,200 22,588 1,247 1,017,748 42,278 138,623 267,476 45,096 20,346 57,640 304 92,380 143,332 4,861 2,430 3,615 12,374 129 761 55,153 41,344 41,725 41,784 204,649 158,818 3,564 3,559 3,089 111,340 110,275 95,010 1,291,057
1,308,098
1,972,932
2,292,925
2,496,873
3,411,760
642,406 5,612,754
646,202 6,138,340
783,697 11,010,829
unaudited * LAMPIRAN – 5/105- SCHEDULE
297
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
13. OBLIGASI PEMERINTAH (lanjutan) d.
e.
13. GOVERNMENT BONDS (continued)
Program reprofiling
d.
Reprofiling program
Pada tanggal 25 Pebruari 2003, Pemerintah Indonesia melaksanakan program reprofiling Obligasi Pemerintah dengan menarik dan menyatakan lunas Obligasi Pemerintah tertentu. Sebagai pengganti Obligasi Pemerintah yang dilunasi tersebut, Departemen Keuangan menerbitkan Obligasi Pemerintah baru.
On 25 February 2003, the Government of Indonesia launched a reprofiling program of Government Bonds by withdrawing and declaring settlement of certain Government Bonds. The Ministry of Finance issued new Government Bonds to replace the settled Government Bonds.
Berdasarkan program ini, Obligasi Pemerintah milik Bank sebesar Rp 7.800.000 (nilai nominal) dengan masa jatuh tempo pada awalnya berkisar antara 2007 - 2009 telah ditarik dan diganti dengan Obligasi Pemerintah baru, yang memiliki jenis dan nilai nominal yang sama dan masa jatuh tempo antara 2014 - 2015. Saldo pada tanggal 31 Maret 2011, 31 Desember 2010 dan 2009 adalah sebesar Rp 3.300.000 (nilai nominal).
Under this program, the Bank’s Government Bonds amounting to Rp 7,800,000 (nominal value) with original maturity between 2007 - 2009 were withdrawn and replaced by new Government Bonds, with the same type and nominal amount and maturity between 2014 2015. Outstanding balance as at 31 March 2011, 31 December 2010 and 2009 amounting to Rp 3,300,000 (nominal value).
Perubahan keuntungan/(kerugian) yang belum direalisasi
e.
Perubahan keuntungan/(kerugian) yang belum direalisasi atas Obligasi Pemerintah dalam kelompok tersedia dijual adalah sebagai berikut:
Saldo, akhir periode/tahun - bersih
Movement in unrealised gains/(losses) for available for sale Government Bonds was as follows: 31 Desember/ December 2010 2009
31 Maret/ March 2011 Saldo, awal periode/tahun sebelum pajak penghasilan tangguhan Penambahan (rugi)/laba yang belum direalisasi selama periode/tahun berjalan - bersih Laba yang direalisasi atas penjualan Obligasi Pemerintah selama periode/tahun berjalan bersih Jumlah sebelum pajak penghasilan tangguhan Pajak penghasilan tangguhan
Movement in unrealised gains/(losses)
103,235
(363,576)
(982,886)
Balance, beginning of period/year before deferred income tax
(65,434)
703,357
640,740
Addition of unrealised (loss)/gains during the period/year - net
(17,188)
(236,546)
(21,430)
Realised gains from sale of Government Bonds during the period/year - net
20,613 (5,153)
103,235 (25,809)
(363,576) 90,894
Total before deferred income tax Deferred income tax
15,460
77,426
(272,682)
Balance, end of period/year - net
* tidak diaudit
unaudited * LAMPIRAN – 5/106- SCHEDULE
298
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
13. OBLIGASI PEMERINTAH (lanjutan) f.
13. GOVERNMENT BONDS (continued)
Reklasifikasi Obligasi Pemerintah dalam kelompok tersedia untuk dijual ke kelompok dimiliki hingga jatuh tempo
f.
Reclassification of Government Bonds from available for sale to held to maturity
Sesuai dengan ketentuan transisi penerapan PSAK No. 55 (revisi 2006), “Instrumen Keuangan: Pengakuan dan Pengukuran” dan Surat Bank Indonesia No. 11/18/DPNP/DPnP tanggal 14 Januari 2009, pada tanggal 1 Januari 2010, Bank telah melakukan reklasifikasi atas Obligasi Pemerintah dalam kelompok dimiliki hingga jatuh tempo ke dalam kelompok tersedia untuk dijual dengan nilai nominal sejumlah Rp 1.427.033 dan USD 97.845.000.
According to transition rule on implementation of SFAS No. 55 (2006 revision), “Financial Instrument: Recognition and Measurement” and Bank Indonesia Letter No. 11/18/DPNP/DPnP dated 14 January 2009, on 1 January 2010, the Bank reclassified its held to maturity Government Bonds to available for sale category with nominal value amounted to Rp 1,427,033 and USD 97,845,000.
Selisih antara nilai pasar atas Obligasi Pemerintah tersebut dengan nilai tercatatnya pada tanggal pemindahan sebesar Rp 238.169 dan USD 9.491.974 telah dibukukan dan disajikan sebagai kerugian yang belum direalisasi atas Obligasi Pemerintah dalam kelompok tersedia untuk dijual dicatat sebagai komponen ekuitas lainnya.
The difference between market value and carrying amount of the above Government Bonds on the date of reclassification amounted to Rp 238,169 and USD 9,491,974 have been booked and presented as unrealised loss of available for sale Government Bonds, which is presented as other equity components.
Informasi mengenai klasifikasi dan nilai wajar Obligasi Pemerintah diungkapkan pada Catatan 48.
Information with regards to the classification and fair value of Government Bonds was disclosed in Note 48.
14. INVESTASI DALAM SAHAM Investasi dicatat menggunakan metode biaya:
14. INVESTMENT IN SHARES 31 Desember/December 2010 2009
31 Maret/ March 2011
Biaya perolehan Dikurangi: Penyisihan penurunan nilai penyertaan
12,175
12,175
85,735)
-
-
(21,316)
Nilai tercatat
12,175
12,175
64,419
Investments recorded. using the cost method:
Cost Less: Allowance for diminution in value of investments Carrying amount
Investasi dalam saham pada tahun 2009 termasuk obligasi yang dapat ditukar menjadi saham yang diterima oleh Bank sehubungan dengan restrukturisasi tagihan bermasalah. Pada tahun 2010, Bank telah menjual investasi tersebut.
Investment in shares in 2009 included the exchangeable bonds received by the Bank in relation to a troubled debt restructuring. In 2010, the Bank sold this investment.
Berdasarkan ketentuan Bank Indonesia yang berlaku, investasi saham pada tanggal 31 Maret 2011, 31 Desember 2010 dan 2009 digolongkan sebagai lancar.
Based on prevailing Bank Indonesia regulation, investment in shares as at 31 March 2011, 31 December 2010 and 2009 were classified as pass.
Manajemen berpendapat bahwa jumlah penyisihan penurunan nilai investasi dalam saham telah memadai.
Management believes that the allowance for reduction value of investment in shares is adequate.
Informasi mengenai klasifikasi dan nilai wajar investasi dalam saham diungkapkan pada Catatan 48.
Information with regards to the classification and fair value of investment in shares was disclosed in Note 48.
* tidak diaudit
unaudited * LAMPIRAN – 5/107- SCHEDULE
299
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
14. INVESTASI DALAM SAHAM (lanjutan)
14. INVESTMENT IN SHARES (continued)
Perubahan penyisihan kerugian penurunan nilai:
Movement of allowance for impairment losses: 31 Desember/December 2010 2009
31 Maret/ March 2011
Saldo awal (Pemulihan)/pembentukan selama periode/tahun berjalan Penghapusbukuan selama periode/tahun berjalan Selisih kurs Saldo akhir
-
21,316
-
(11,308)
21,194
-
(9,445) (563) -
21,316
Investasi dalam saham jangka panjang pada tanggal 31 Maret 2011 dan 31 Desember 2010 mencakup:
122
The long-term investment in shares as at 31 March 2011 and 31 December 2010 included: Persentase kepemilikan/ Percentage of ownership
Nama perusahaan/Company’s name Kegiatan usaha/Business activity PT Bank Woori Indonesia PT Bank Chinatrust Indonesia Lain-lain/Others
Beginning balance (Recovery)/addition during the period/year Write-offs during the period/year Foreign exchange difference Ending balance
Bank/Banking Bank/Banking Usaha Patungan, Telekomunikasi/ Joint Venture, Telecommunication
Investasi dalam saham jangka panjang pada tanggal 31 Desember 2009 mencakup:
4.81% 1.00% 0.24% - 4.21%
The long-term investment in shares as at 31 December 2009 included: Persentase kepemilikan/ Percentage of ownership
Nama perusahaan/Company’s name Kegiatan usaha/Business activity PT Bank Woori Indonesia PT Bank Chinatrust Indonesia Lain-lain/Others
Bank/Banking Bank/Banking Usaha Patungan, Telekomunikasi, Pertanian/ Joint Venture, Telecommunication, Agriculture
15. ASET TAK BERWUJUD
4.81% 1.00% 0.24% - 4.70%
15. INTANGIBLE ASSETS 31 Maret/March 2011 1 Januari/ 1 January
Harga perolehan Perangkat lunak Goodwill
Akumulasi amortisasi Perangkat lunak Goodwill
Nilai buku bersih
Penambahan/ Additions
Pengurangan dan reklasifikasi/ Disposals and reclassifications
31 Maret/ 31 March
856,298 1,906,684 2,762,982
1,947 1,947
-
858,245 1,906,684 2,764,929
354,735 832,151 1,186,886
37,100 37,100
-
391,835 832,151 1,223,986
1,576,096
1,540,943
Harga perolehan goodwill pada tanggal 31 Maret 2011, setelah penyesuaian dengan akumulasi amortisasi goodwill pada tanggal 1 Januari 2011 (lihat Catatan 2r) adalah sebesar Rp 1.074.533.
Cost Software Goodwill
Accumulated amortization Software Goodwill
Net book value
Cost of goodwill as at 31 March 2011, after adjusting with accumulated amortization of goodwill as at 1 January 2011 (see Note 2r) amounted to Rp 1,074,533.
* tidak diaudit
unaudited * LAMPIRAN – 5/108- SCHEDULE
300
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
15. ASET TAK BERWUJUD (lanjutan)
15. INTANGIBLE ASSETS (continued) 31 Desember/December 2010
1 Januari/ 1 January Harga perolehan Perangkat lunak Goodwill
Akumulasi amortisasi Perangkat lunak Goodwill
Nilai buku bersih
Penambahan/ Additions
Pengurangan dan reklasifikasi/ Disposals and reclassifications
31 Desember/ 31 December
655,730 1,906,684 2,562,414
361,915 361,915
161,347 161,347
856,298 1,906,684 2,762,982
402,960 624,786 1,027,746
106,947 207,365 314,312
155,172 155,172
354,735 832,151 1,186,886
1,534,668
1,576,096
Cost Software Goodwill
Accumulated amortization Software Goodwill
Net book value
31 Desember/December 2009 1 Januari/ 1 January Harga perolehan Perangkat lunak Goodwill
Akumulasi amortisasi Perangkat lunak Goodwill
Nilai buku bersih
Penambahan/ Additions
Pengurangan dan reklasifikasi/ Disposals and reclasifications
31 Desember/ 31 December
583,591 667,872 1,251,463
76,038 1,238,812 1,314,850
3,899 3,899
655,730 1,906,684 2,562,414
318,084 417,421 735,505
88,642 207,365 296,007
3,766 3,766
402,960 624,786 1,027,746
515,958
1,534,668
Cost Software Goodwill
Accumulated amortization Software Goodwill
Net book value
Nilai tercatat goodwill seluruhnya dialokasikan ke bisnis unit retail. Tidak ada kerugian penurunan nilai goodwill yang diakui selama periode tiga bulan berakhir 31 Maret 2011 dan 2010 dan tahun berakhir 31 Desember 2010 dan 2009.
The carrying amount of goodwill was all allocated to the retail business unit. No impairment losses on goodwill were recognized during the three-month periods ended 31 March 2011 and 2010 and years ended 31 December 2010 and 2009.
Pada tahun 2006, Bank mengadakan perikatan New Core Banking System: Development, Integration, Implementation, Maintenance and Support Agreement dengan I-Flex Solutions Pte.Ltd., untuk membantu Bank dalam rangka penggantian sistem inti perbankan dari ICBS menjadi NCBS untuk periode 4 tahun dari tahun 2007 sampai 2010.
In 2006, the Bank entered into New Core Banking System: Development, Integration, Implementation, Maintenance and Support Agreement with I-Flex Solutions Pte.Ltd., to assist the Bank for the changeout of its core banking system from ICBS to NCBS for a period of 4 years starting from 2007 to 2010.
Pada tahun 2010, sistem NCBS telah diimplementasikan dan diakui sebagai aset tak berwujud sebesar USD 38.074.442. Sistem ICBS yang diganti telah dihapusbukukan dan kerugian yang terjadi diakui dalam laporan laba rugi konsolidasian.
In 2010, the NCBS system has been successfully implemented and was recognized as intangible assets with amount of USD 38,074,442. The replaced ICBS system was written off and the resulting losses are recognized in the consolidated statements of income.
* tidak diaudit
unaudited * LAMPIRAN – 5/109- SCHEDULE
301
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
16. ASET TETAP
16. FIXED ASSETS 31 Maret/March 2011 1 Januari/ 1 January
Harga perolehan Tanah Bangunan Perlengkapan kantor Kendaraan bermotor Aset dalam penyelesaian Akumulasi penyusutan Bangunan Perlengkapan kantor Kendaraan bermotor
Nilai buku bersih
Penambahan/ Additions
Pengurangan dan reklasifikasi/ Disposals and reclassifications
31 Maret/ 31 March
478,978 589,734 1,408,693 604,043 3,081,448 514 3,081,962
4,199 42,467 34,993 81,659 81,659
149 580 3,844 30,571 35,144 302 35,446
478,829 593,353 1,447,316 608,465 3,127,963 212 3,128,175
258,047 859,246 193,180 1,310,473
9,991 53,609 30,104 93,704
167 3,851 16,962 20,980
267,871 909,004 206,322 1,383,197
1,771,489
1,744,978
Cost Land Buildings Office equipment Motor vehicles Construction in progress Accumulated depreciation Building Office equipment Motor vehicles
Net book value
31 Desember/December 2010 1 Januari/ 1 January
Harga perolehan Tanah Bangunan Perlengkapan kantor Kendaraan bermotor Aset dalam penyelesaian Akumulasi penyusutan Bangunan Perlengkapan kantor Kendaraan bermotor
Nilai buku bersih
Penambahan/ Additions
Pengurangan dan reklasifikasi/ Disposals and reclassifications
31 Desember/ 31 December
474,640 580,459 1,348,601 443,167 2,846,867 7,671 2,854,538
4,338 9,275 293,310 320,285 627,208 5,278 632,486
233,218 159,409 392,627 12,435 405,062
478,978 589,734 1,408,693 604,043 3,081,448 514 3,081,962
216,549 897,219 191,266 1,305,034
41,498 189,601 102,113 333,212
227,574 100,199 327,773
258,047 859,246 193,180 1,310,473
1,549,504
1,771,489
* tidak diaudit
Cost Land Buildings Office equipment Motor vehicles Construction in progress Accumulated depreciation Buildings Office equipment Motor vehicles
Net book value
unaudited * LAMPIRAN – 5/110- SCHEDULE
302
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
16. ASET TETAP (lanjutan)
16. FIXED ASSETS (continued) 31 Desember/December 2009 1 Januari/ 1 January
Harga perolehan Tanah Bangunan Perlengkapan kantor Kendaraan bermotor Aset dalam penyelesaian Akumulasi penyusutan Bangunan Perlengkapan kantor Kendaraan bermotor
Nilai buku bersih
Penambahan/ Additions
Pengurangan dan reklasifikasi/ Disposals and reclassifications
31 Desember/ 31 December
472,157 560,095 1,163,640 479,927 2,675,819 2,802 2,678,621
7,226 34,172 200,137 17,766 259,301 21,115 280,416
4,743 13,808 15,176 54,526 88,253 16,246 104,499
474,640 580,459 1,348,601 443,167 2,846,867 7,671 2,854,538
182,814 726,005 130,285 1,039,104
41,100 181,468 93,275 315,843
7,365 10,254 32,294 49,913
216,549 897,219 191,266 1,305,034
1,639,517
1,549,504
Cost Land Buildings Office equipment Motor vehicles Construction in progress Accumulated depreciation Buildings Office equipment Motor vehicles
Net book value
Manajemen berpendapat bahwa tidak terdapat indikasi terjadinya penurunan nilai permanen aset tetap.
Management believes that there is no permanent impairment in the value of fixed assets.
Pengurangan aset tetap merupakan penjualan aset dengan rincian sebagai berikut:
Fixed assets disposal represent sales of assets with detail as follows: 31 Desember/ December 2010 2009
31 Maret/ March 2011
Hasil penjualan Nilai buku Keuntungan penjualan aset tetap bersih (lihat Catatan 37 dan 38)
14,578 (13,628)
950
Pada tanggal 31 Maret 2011, aset tetap, kecuali tanah, telah diasuransikan terhadap risiko kerugian kebakaran, kebanjiran dan risiko lainnya dengan nilai pertanggungan sejumlah Rp 4.471.653 (31 Desember 2010: Rp 4.020.928 dan 2009: Rp 2.991.934). Manajemen berpendapat bahwa nilai pertanggungan tersebut sudah memadai.
63,135 (60,500)
70,753 (54,719)
2,635
16,034
Proceeds from sale Net book value Gain on sale of fixed assets - net (see Notes 37 and 38)
As at 31 March 2011, fixed assets, except for land, are insured against losses arising from fire, flood and other risks with a total insurance coverage amounting to Rp 4,471,653 (31 December 2010: Rp 4,020,928 and 2009: Rp 2,991,934). Management believes that the coverage is adequate.
* tidak diaudit
unaudited * LAMPIRAN – 5/111- SCHEDULE
303
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
17. BEBAN DIBAYAR DIMUKA DAN ASET LAIN-LAIN
17. PREPAYMENTS AND OTHER ASSETS Information in respect of maturity is disclosed in Note 47d.
Informasi mengenai jatuh tempo diungkapkan pada Catatan 47d.
31 Desember/ December 2010 2009
31 Maret/ March 2011
Pihak ketiga Piutang bunga Setoran jaminan dan beban dibayar dimuka Beban tangguhan - bersih Agunan yang diambil alih Piutang lain-lain - bersih Uang muka lain-lain Aset tetap yang tidak digunakan Aset lain-lain - pinjaman subordinasi dan modal pinjaman (lihat Catatan 25 dan 26) Premi atas option yang masih harus diterima Aset lain-lain atas transaksi derivatif (lihat Catatan 9) Piutang atas penjualan efek-efek Dana setoran kliring Bank Indonesia Tagihan transaksi kartu kredit Lain-lain Dikurangi: Penyisihan kerugian penurunan nilai
691,366
692,270
767,051
900,697 39,594 110,963 104,058 84,394 26,393
673,824 36,419 107,050 110,336 104,874 26,205
521,496 1,196,986 132,752 51,164 387,287 28,604
279,320
279,320
279,320
76,676
20,121
33,867
233,132
454,614
1,195,566
419,340
20,619
21,680
725,938
726,551
587,621
43,796 380,859 4,116,526
35,025 342,100 3,629,328
45,590 195,240 5,444,224
(143,181) 3,973,345
(313,469) 3,315,859
(934,498)
Third parties Interest receivables Security deposits and prepaid expenses Deferred expenses - net Repossessed assets Other receivables - net Other advances Idle properties Other assets - subordinated loans and loan capital (see Notes 25 and 26) Premium receivables on option Other assets for derivative transactions (see Note 9) Receivables from sales of marketable securities Deposits for clearing transactions to Bank Indonesia Receivable from credit card transactions Others Less: Allowance for impairment losses
4,509,726
Saldo di atas terdiri dari beban dibayar di muka dan aset lain-lain dalam Rupiah dan mata uang asing masing-masing sebesar Rp 3.969.757 dan Rp 146.769 (31 Desember 2010: Rp 3.506.101 dan Rp 123.227 dan 2009: Rp 5.331.717 dan Rp 112.507).
The above balance consists of prepayments and other assets in Rupiah and foreign currencies of Rp 3,969,757 and Rp 146,769 (31 December 2010: Rp 3,506,101 and Rp 123,227 and 2009: Rp 5,331,717 and Rp 112,507), respectively.
Manajemen berpendapat bahwa jumlah penyisihan kerugian penurunan nilai atas aset lain-lain telah memadai.
Management believes that the allowance impairment losses on other assets is adequate.
Beban dibayar di muka dan aset lain-lain dalam mata uang asing terdiri dari Dolar Amerika Serikat (lihat Catatan 52).
Prepayment and other assets in foreign currencies are denominated in United States Dollar (see Note 52).
Informasi mengenai klasifikasi dan nilai wajar aset lainlain yang merupakan aset keuangan diungkapkan pada Catatan 48.
Information with regards to the classification and fair value of other assets which are financial assets was disclosed in Note 48.
Piutang bunga
Interest receivable
Termasuk dalam piutang bunga adalah piutang bunga Obligasi Pemerintah sebesar Rp 49.177 (31 Desember 2010: Rp 59.554 dan 2009: Rp 134.542 dan USD 3.382.024).
Included in interest receivables is interest receivable from Government Bonds of Rp 49,177 (31 December 2010: Rp 59,554 and 2009: Rp 134,542 and USD 3,382,024).
* tidak diaudit
for
unaudited * LAMPIRAN – 5/112- SCHEDULE
304
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
17. BEBAN DIBAYAR DIMUKA DAN ASET LAIN-LAIN (lanjutan)
17. PREPAYMENTS AND OTHER ASSETS (continued)
Setoran jaminan dan beban dibayar dimuka
Security deposits and prepaid expenses
Termasuk dalam akun ini adalah setoran jaminan dalam rangka transaksi antar bank sebesar Rp 23.038 (31 Desember 2010: Rp 22.771 dan 2009: Rp 21.318) dan beban sewa dan pemeliharaan dibayar dimuka sebesar Rp 271.468 (31 Desember 2010: Rp 263.481 dan 2009: Rp 262.115).
Included in this accounts is pledged security deposits for interbank transactions of Rp 23,038 (31 December 2010: Rp 22,771 and 2009: Rp21,318) and prepaid rent and maintenance of Rp 271,468 (31 December 2010: Rp 263,481 and 2009: Rp 262,115).
Beban tangguhan
Deferred charges
Sebelum tanggal 1 Januari 2010, termasuk dalam akun ini adalah beban yang terkait langsung dengan perolehan nasabah, serta beban dibayar di muka yang berasal dari transaksi pinjaman yang diperoleh Bank dan transaksi-transaksi kartu kredit. Sebelum tanggal 1 Januari 2010, saldo beban yang terkait langsung dengan perolehan nasabah ditangguhkan dan dicatat sebagai beban tangguhan. Saldo beban tangguhan tersebut pada tanggal 31 Desember 2009 adalah sebesar Rp 1.101.783, setelah dikurangi akumulasi amortisasi sebesar Rp 1.174.273. Sedangkan saldo beban dibayar di muka atas pinjaman yang diperoleh Bank dan beban lainnya yang tidak terkait langsung dengan perolehan nasabah tersebut pada tanggal 31 Desember 2009 adalah sebesar Rp 95.203.
Prior to 1 January 2010, included in the account is cost directly incurred in acquiring customer, and prepaid expenses from the Bank’s borrowing and credit card related transactions. Prior to 1 January 2010, cost directly incurred in acquiring customer was deferred and was recorded as deferred charges. Balance of deferred charges as of 31 December 2009 was Rp 1,101,783, net of accumulated amortization of Rp 1,174,273. Balance of prepaid expenses due to Bank’s borrowing and other indirect expenses incurred in acquiring customer as of 31 December 2009 were Rp 95,203.
Sejak tanggal 1 Januari 2010, beban yang terkait langsung dengan perolehan nasabah (biaya transaksi) pada tanggal 31 Maret 2011 dan 31 Desember 2010 masing-masing sebesar Rp 69.498 dan Rp 71.449 disajikan sebagai bagian dari pinjaman yang diberikan dan sebesar Rp 1.538.636 dan Rp 1.552.771 disajikan sebagai bagian dari piutang pembiayaan konsumen. Sedangkan saldo beban tangguhan - bersih pada tanggal 31 Maret 2011 dan 31 Desember 2010 terdiri dari beban dibayar dimuka yang berasal dari transaksi pinjaman yang diperoleh Bank dan transaksi - transaksi kartu kredit.
Starting 1 January 2010, deferred charges which is directly incurred in acquiring customers in the Bank and Subsidiaries amounting to Rp 69,498 and Rp 71,449 were presented as part of loans and Rp 1,538,636 and Rp 1,552,771 were presented as part of consumer financing receivables as at 31 March 2011 and 31 December 2010, respectively. Balance of deferred charges - net as of 31 March 2011 and 31 December 2010 comprises of prepaid expenses from the Bank’s borrowing and credit card related transactions.
Perubahan penyisihan kerugian penurunan nilai aset lain-lain:
Movement in the allowance for impairment losses of other assets: 31 Desember/ December 2010 2009
31 Maret/ March 2011
Saldo awal Reklasifikasi dari tagihan derivatif Penyesuaian sehubungan dengan penerapan PSAK No. 55 (Revisi 2006) (Catatan 55) (Pemulihan)/penambahan selama periode/tahun berjalan Penghapusbukuan selama periode/tahun berjalan Saldo akhir
313,469
934,498
414,649
-
-
631,497
-
(46,727)
-
(117,013)
94,441
787,514
(53,275)
(668,743)
(899,162)
143,181
313,469
934,498
* tidak diaudit
Beginning balance Reclassification from derivative receivables Adjustment in connection with the implementation of SFAS No. 55 (2006 Revision) (Note 55) (Recovery)/Addition during the period/year Write-offs during the period/year Ending balance unaudited *
LAMPIRAN – 5/113- SCHEDULE
305
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
18. SIMPANAN NASABAH
18. DEPOSITS FROM CUSTOMERS
Simpanan dari pihak berelasi diungkapkan pada Catatan 44f. Informasi mengenai jatuh tempo diungkapkan pada Catatan 47d.
Deposits from related parties are disclosed in Note 44f. Information in respect of maturities is disclosed in Note 47d.
a.
a.
Berdasarkan jenis dan mata uang
31 Desember/ December 2010 2009
31 Maret/ March 2011 Rupiah - Giro - Tabungan - Deposito berjangka
Mata uang asing - Giro - Tabungan - Deposito berjangka
Terdiri dari: - Pihak berelasi - Pihak ketiga
By type and currency
5,445,522 18,358,729 48,033,169
6,776,693 19,036,920 45,149,018
4,675,015 13,799,820 40,727,826
71,837,420
70,962,631
59,202,661
3,138,698 2,579,514 3,129,471
3,285,810 2,360,599 3,033,763
2,183,230 1,564,348 4,265,989
8,847,683
8,680,172
8,013,567
80,685,103
79,642,803
67,216,228
90,657 80,594,446
156,539 79,486,264
69,505 67,146,723
80,685,103
79,642,803
67,216,228
Rupiah Current accounts Savings Time deposits -
Foreign currencies Current accounts Savings Time deposits -
Consist of: Related parties Third parties -
Simpanan nasabah dalam mata uang asing terutama terdiri dari Dolar Amerika Serikat, Yen Jepang, Dolar Singapura, Euro, Dolar Australia dan Poundsterling Inggris (lihat Catatan 52).
Deposits from customers in foreign currencies are mainly denominated in United States Dollar, Japanese Yen, Singapore Dollar, Euro, Australian Dollar and Great Britain Poundsterling (see Note 52).
b.
b.
Suku bunga efektif rata-rata tertimbang (2009: suku bunga rata-rata tertimbang) setahun untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 dan tahun yang berakhir 31 Desember 2010 dan 2009
31 Desember/ December 2010 2009
31 Maret/ March 2011
- Giro - Tabungan - Deposito berjangka
c.
2.15% 3.08% 7.01%
1.81% 2.82% 6.77%
Simpanan yang diblokir dan dijadikan jaminan atas pinjaman yang diberikan
1.58% 2.49% 9.12%
Current accounts Savings Time deposits -
c. Amounts blocked and pledged as loan collaterals 31 Desember/ December 2010 2009
31 Maret/ March 2011
- Deposito berjangka
Weighted average effective interest rate (2009: weighted average interest rate) per annum for the three-month period ended 31 March 2011 and years ended 31 December 2010 and 2009
3,021,022
3,014,932
Informasi mengenai klasifikasi dan nilai wajar simpanan nasabah diungkapkan pada Catatan 48.
2,154,081
Time deposits -
Information with regards to the classification and fair value of deposits from customers was disclosed in Note 48.
* tidak diaudit
unaudited * LAMPIRAN – 5/114- SCHEDULE
306
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
19. SIMPANAN DARI BANK LAIN
19. DEPOSITS FROM OTHER BANKS
Informasi mengenai jatuh tempo diungkapkan pada Catatan 47d.
Information in respect of maturities is disclosed in Note 47d.
a.
a.
Berdasarkan jenis dan mata uang
31 Desember/ December 2010 2009
31 Maret/ March 2011
Pihak ketiga Rupiah - Giro - Deposito dan deposits on call - Tabungan Mata uang asing - Giro - Call money
1,194,720 577,186 49,354
908,243 397,755 35,898
540,196 656,881 5,856
1,821,260
1,341,896
1,202,933
7,350 496,327
923 594,660
6 234,875
503,677
595,583
234,881
2,324,937
1,937,479
1,437,814
Simpanan dari bank lain dalam mata uang asing terdiri dari Dolar Amerika Serikat (lihat Catatan 52). b.
Foreign currency Current accounts Call money -
b.
Weighted average effective interest rate (2009: weighted average interest rate) per annum for the three-month period ended 31 March 2011 and years ended 31 December 2010 and 2009
31 Desember/ December 2010 2009
31 Maret/ March 2011
Giro Tabungan Deposito berjangka Call money
Third parties Rupiah Current accounts Deposits and deposits on call Savings -
Deposits from other banks in foreign currency are denominated in United States Dollar (see Note 52).
Suku bunga efektif rata-rata tertimbang (2009: suku bunga rata-rata tertimbang) setahun untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 dan tahun yang berakhir 31 Desember 2010 dan 2009
-
By type and currency
4.23% 4.78% 6.60% 1.68%
1.75% 2.39% 6.55% 5.36%
Informasi mengenai klasifikasi dan nilai wajar simpanan dari bank lain diungkapkan pada Catatan 48.
2.64% 1.93% 8.74% 4.71%
Current accounts Savings Time deposits Call money
-
Information with regards to the classification and fair value of deposits from other banks was disclosed in Note 48.
20. LIABILITAS AKSEPTASI
20. ACCEPTANCE PAYABLES
Informasi mengenai jatuh tempo diungkapkan pada Catatan 47d.
Information in respect of maturities is disclosed in Note 47d.
a.
a.
Berdasarkan pihak dan mata uang 31 Maret/ March 2011
By party and currency
31 Desember/ December 2010 2009
Rupiah - Bank lain - Debitur
9,669 11,028
23,003 3,931
255,750 51,938
Rupiah Other banks Debtors -
Jumlah - Rupiah
20,697
26,934
307,688
Total - Rupiah
Mata uang asing - Bank lain - Debitur
858,791 7,516
726,993 5,197
857,716 5,466
Foreign currencies Other banks Debtors -
Jumlah - Mata uang asing
866,307
732,190
863,182
Total - Foreign currencies
Jumlah
887,004
759,124
1,170,870
* tidak diaudit
Total unaudited *
LAMPIRAN – 5/115- SCHEDULE
307
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
20. LIABILITAS AKSEPTASI (lanjutan) b.
20. ACCEPTANCE PAYABLES (continued)
Berdasarkan jatuh tempo
b.
By maturity
31 Desember/ December 2010 2009
31 Maret/ March 2011
Rupiah - Kurang dari 1 bulan - 1 - 3 bulan - > 3 - 6 bulan - > 6 - 12 bulan
8,484 11,923 290 -
9,739 16,879 316 -
25,359 217,495 53,503 11,331
Rupiah Less than 1 month 1 - 3 months > 3 - 6 months > 6 - 12 months -
Jumlah - Rupiah
20,697
26,934
307,688
Total - Rupiah
Mata uang asing - Kurang dari 1 bulan - 1 - 3 bulan - > 3 - 6 bulan - > 6 - 12 bulan - Lebih dari 12 bulan
189,367 433,096 243,844 -
148,093 328,792 249,462 5,843 -
125,552 451,747 282,657 1,261 1,965
Foreign currencies Less than 1 month 1 - 3 months > 3 - 6 months > 6 - 12 months More than 12 months -
Jumlah - Mata uang asing
866,307
732,190
863,182
Total - Foreign currencies
Jumlah
887,004
759,124
1,170,870
Total
Liabilitas akseptasi dalam mata uang asing terdiri dari Dolar Amerika Serikat, Yen Jepang dan Euro (lihat Catatan 52).
Acceptance payables in foreign currencies are denominated in United States Dollar, Japanese Yen and Euro (see Note 52).
Informasi mengenai klasifikasi dan nilai wajar liabilitas akseptasi diungkapkan pada Catatan 48.
Information with regards to the classification and fair value of acceptance liabilities was disclosed in Note 48.
21. OBLIGASI YANG DITERBITKAN
21. BONDS ISSUED Information in respect of maturities is disclosed in Note 47d.
Informasi mengenai jatuh tempo diungkapkan pada Catatan 47d.
31 Desember/ December 2010 2009
31 Maret/ March 2011
Bank Anak Perusahaan
3,987,111 2,315,247 6,302,358
3,986,232 2,314,232 6,300,464
Informasi mengenai klasifikasi dan nilai wajar obligasi yang diterbitkan diungkapkan pada Catatan 48.
1,500,000 550,855 2,050,855
Bank Subsidiary
Information with regards to the classification and fair value of bonds issued was disclosed in Note 48.
* tidak diaudit
unaudited * LAMPIRAN – 5/116- SCHEDULE
308
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
21. OBLIGASI YANG DITERBITKAN (lanjutan)
21. BONDS ISSUED (continued)
Bank
Bank 31 Desember/ December 2010 2009
31 Maret/ March 2011 Rupiah
Nilai nominal Dikurangi: Beban emisi obligasi yang belum diamortisasi Eliminasi untuk keperluan konsolidasian Jumlah - bersih Beban amortisasi yang dibebankan ke laporan laba rugi konsolidasi
Rupiah
4,050,000
4,050,000
(12,889) (50,000)
(13,768) (50,000) 3,986,232
3,987,111 879
214
1,500,000
Nominal value
-
Less: Unamortized bonds’ issuance cost Elimination for consolidation purposes
1,500,000
Total - net
Amortization costs charged to the - consolidated statements of income
Pada tanggal 20 April 2007, Bank menerbitkan dan mencatatkan Obligasi Bank Danamon I tahun 2007 Dengan Tingkat Bunga Tetap dengan nilai nominal sebesar Rp 1.500.000 di Bursa Efek Indonesia (dahulu Bursa Efek Surabaya). Obligasi ini terbagi menjadi 2 seri, yaitu seri A dan seri B yang masing-masing akan jatuh tempo pada tanggal 19 April 2010 dan 19 April 2012, dan memiliki suku bunga tetap masing-masing sebesar 9,40% dan 10,60% setahun. Bunga dibayar setiap tiga bulan dengan pembayaran pertama dilakukan pada tanggal 19 Juli 2007 dan terakhir dilakukan bersamaan dengan pelunasan pokok masing-masing seri obligasi. Wali amanat untuk Obligasi Bank Danamon I adalah PT Bank Mega Tbk.
On 20 April 2007, the Bank issued and registered Bank Danamon Bonds I Year 2007 With Fixed Interest Rate with a nominal value of Rp 1,500,000 at the Indonesian Stock Exchange (previously Surabaya Stock Exchange). These bonds consist of 2 series, serie A and serie B which will mature on 19 April 2010 and 19 April 2012, and bear a fixed interest rate per annum at 9.40% and 10.60%, respectively. Interest is paid on a quarterly basis with the first payment on 19 July 2007 and the last payment together with payment of principal of each series of bonds. PT Bank Mega Tbk is the trustee for Bank Danamon Bonds I.
Pada tanggal 10 Desember 2010, Bank menerbitkan dan mencatatkan Obligasi Bank Danamon II tahun 2010 Dengan Tingkat Bunga Tetap dengan nilai nominal sebesar Rp 2.800.000 di Bursa Efek Indonesia. Obligasi ini terbagi menjadi 2 seri, yaitu seri A dan seri B yang masing-masing akan jatuh tempo pada tanggal 9 Desember 2013 dan 9 Desember 2015, dan memiliki suku bunga tetap masing-masing sebesar 8,75% dan 9,00% setahun. Bunga dibayar setiap tiga bulan dengan pembayaran pertama dilakukan pada tanggal 9 Maret 2011 dan terakhir dilakukan bersamaan dengan pelunasan pokok masing-masing seri obligasi. Wali amanat untuk Obligasi Bank Danamon II adalah PT Bank Mandiri (Persero) Tbk.
On 10 December 2010, the Bank issued and registered Bank Danamon Bonds II Year 2010 With Fixed Interest Rate with a nominal value of Rp 2,800,000 at the Indonesian Stock Exchange. These bonds consist of 2 series, serie A and serie B which will mature on 9 December 2013 and 9 December 2015, and bear a fixed interest rate per annum at 8.75% and 9.00%, respectively. Interest is paid on a quarterly basis with the first payment on 9 March 2011 and the last payment together with payment of principal of each series of bonds. The trustee for Bank Danamon Bonds II is PT Bank Mandiri (Persero) Tbk.
* tidak diaudit
unaudited * LAMPIRAN – 5/117- SCHEDULE
309
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
21. OBLIGASI YANG DITERBITKAN (lanjutan)
21. BONDS ISSUED (continued)
Bank (lanjutan)
Bank (continued)
Obligasi I dan II tidak dijamin dengan jaminan khusus, akan tetapi dijamin dengan seluruh harta kekayaan Bank, baik barang bergerak maupun barang tidak bergerak, baik yang telah ada maupun yang akan ada dikemudian hari sesuai dengan ketentuan dalam pasal 1131 dan 1132 Kitab Undang-undang Hukum Perdata (KUHP) Indonesia.
Bonds I and II are not secured by specific guarantee, but secured by all of the Bank’s assets, moveable and non-moveable assets, including assets that already owned and will be owned in the future in accordance with Article 1131 and 1132 of Indonesia’s Civil Code.
Perjanjian obligasi juga mencakup beberapa pembatasan, antara lain mengenai penggabungan dan peleburan usaha, perubahan bidang usaha utama Bank serta pengurangan modal dasar, modal ditempatkan dan modal disetor.
The bonds agreement also includes several covenants, among others, merger, change of the Bank’s main business as well as the reduction of authorized capital, issued capital and paid-up capital.
Bank dapat melakukan pembelian kembali (buy back) untuk sebagian atau seluruh obligasi dengan ketentuan bahwa hal tersebut hanya dapat dilaksanakan setelah ulang tahun pertama sejak tanggal emisi.
The Bank can buy back part or all of the bonds issued under a condition that such action can only be conducted after the first anniversary since the issuance date.
Suku bunga efektif rata-rata tertimbang setahun untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 adalah 9,38% (31 Desember 2010: 10,34% dan 2009: tingkat suku bunga rata-rata tertimbang 10,40%).
Weighted average effective interest rate per annum for the three-month period ended 31 March 2011 was 9.38% (31 December 2010: 10.34% and 2009: weighted average interest rate 10.40%).
Beban bunga atas obligasi yang diterbitkan termasuk amortisasi emisi obligasi yang ditangguhkan untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 dan 2010 masing-masing sebesar Rp 95.830 dan Rp 39.000 dan tahun yang berakhir pada tanggal 31 Desember 2010 dan 2009 masing-masing sebesar Rp 154.877 dan Rp 156.000 (lihat Catatan 31).
The amount of interest expense on the bonds issued including amortization of bond’s issuance cost for the three-month periods ended 31 March 2011 and 2010 amounted to Rp 95,830 and Rp 39,000, respectively, and for the years ended 31 December 2010 and 2009 amounted to Rp 154,877 and Rp 156,000, respectively (see Note 31).
Pada tanggal 31 Maret 2011, Obligasi I dan II tersebut mendapat peringkat idAA+ dari PT Pemeringkat Efek Indonesia (Pefindo) (31 Desember 2010: Obligasi I dan II mendapat peringkat idAA+ dan 2009: Obligasi I mendapat peringkat idAA+).
As at 31 March 2011, Bonds I and II were rated at idAA+ by PT Pemeringkat Efek Indonesia (Pefindo) (31 December 2010: Bonds I and II was rated at idAA+ and 2009: Bonds I was rated at idAA+).
Pada tanggal 19 April 2010, Bank melunasi pokok Obligasi I seri A sebesar Rp 250.000.
On 19 April 2010, the Bank fully paid the principal balance of Bond I serie A amounted to Rp 250,000.
* tidak diaudit
unaudited * LAMPIRAN – 5/118- SCHEDULE
310
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
21. OBLIGASI YANG DITERBITKAN (lanjutan)
21. BONDS ISSUED (continued)
Anak Perusahaan
Subsidiary 31 Desember/ December 2010 2009
31 Maret/ March 2011 Rupiah Nilai nominal Dikurangi: Beban emisi obligasi yang belum diamortisasi Eliminasi untuk keperluan konsolidasian Jumlah - bersih Beban amortisasi yang dibebankan ke laporan laba rugi konsolidasi
2,544,000
2,544,000
680,000
(7,753)
(8,768)
(3,146)
(221,000)
(221,000)
(125,999)
2,315,247
2,314,232
2,043
1,016
Rupiah Nominal value Less: Unamortized bonds’ issuance cost Elimination for consolidation purposes
550,855
Total - net
1,850
Amortization costs charged to the consolidated statements of income
Pada tanggal 8 Juni 2006, ADMF menerbitkan dan mencatatkan Obligasi Adira Dinamika Multi Finance II Tahun 2006 (Obligasi II) dengan nilai nominal sebesar Rp 750.000 di Bursa Efek Indonesia (dahulu Bursa Efek Surabaya). Obligasi II ini terbagi menjadi Seri A, B dan C yang masing-masing akan jatuh tempo pada tanggal 8 Juni 2009, 8 Juni 2010 dan 8 Juni 2011 dan memiliki suku bunga tetap 14,40% - 14,60% setahun. Bunga dibayar setiap tiga bulan dengan pembayaran pertama pada tanggal 8 September 2006 dan pembayaran terakhir bersamaan dengan pelunasan pokok masingmasing seri obligasi. Wali amanat untuk Obligasi II adalah PT Bank Permata Tbk.
On 8 June 2006, ADMF issued and registered Adira Dinamika Multi Finance II Bonds Year 2006 (Bonds II) with a nominal value of Rp 750,000 at the Indonesian Stock Exchange (previously Surabaya Stock Exchange). Bonds II consist of Series A, B and C which will mature on 8 June 2009, 8 June 2010 and 8June 2011, respectively, and bear a fixed interest rate at 14.40% - 14.60% per annum. Interest is paid on a quarterly basis with the first payment on 8September 2006 and the last payment together with payment of principal of each series of bonds. PT Bank Permata Tbk is the trustee for Bonds II.
Obligasi II ini dijamin oleh piutang pembiayaan konsumen masing-masing sebesar Rp 54.000, Rp 54.000 dan Rp 108.000 pada tanggal 31 Maret 2011, 31 Desember 2010 dan 2009 (lihat Catatan 11) dan rasio jumlah pinjaman terhadap ekuitas tidak melebihi 7,5:1. Selain itu, selama pokok obligasi belum dilunasi, ADMF tidak diperkenankan, antara lain, membagi dividen selama ADMF lalai dalam membayar jumlah terutang obligasi, melakukan penggabungan usaha serta menjual atau mengalihkan lebih dari 40% aset ADMF yang bukan piutang pembiayaan konsumen.
Bonds II were secured by consumer financing receivables of Rp 54,000, Rp 54,000 and Rp 108,000 as at 31 March 2011, 31 December 2010 and 2009 (see Note 11) and debt to equity ratio at the maximum of 7.5:1. During the year that the bonds issued are still outstanding, ADMF is not allowed to, among others, declare dividends in the event that ADMF defaults on its bond obligations, merge and sell or assign more than 40% of ADMF’s assets which are non-consumer financing receivables.
ADMF dapat melakukan pembelian kembali (buy back) untuk sebagian atau seluruh obligasi dengan ketentuan bahwa hal tersebut hanya dapat dilaksanakan setelah ulang tahun pertama sejak tanggal emisi.
ADMF can buy back part or all of the bonds issued under a condition that such action can only be conducted after the first anniversary since the issuance date.
Pada tanggal 31 Maret 2011, Obligasi II tersebut mendapat peringkat idAA+ dari PT Pemeringkat Efek Indonesia (Pefindo) (31 Desember 2010: idAA dan 2009: idAA).
As at 31 March 2011, Bonds II were rated at idAA+ by PT Pemeringkat Efek Indonesia (Pefindo) (31 December 2010: idA and 2009: idAA).
* tidak diaudit
unaudited * LAMPIRAN – 5/119- SCHEDULE
311
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
21. OBLIGASI YANG DITERBITKAN (lanjutan)
21. BONDS ISSUED (continued)
Anak Perusahaan (lanjutan)
Subsidiary (continued)
ADMF melunasi pokok Obligasi II Seri A dan Seri B masing-masing pada tanggal 8 Juni 2009 dan 8 Juni 2010.
ADMF fully paid the outstanding principal of Bonds II Serie A and Serie B on 8 June 2009 and 8 June 2010, respectively.
Pada tanggal 14 Mei 2009, ADMF menerbitkan dan mencatatkan Obligasi Adira Dinamika Multi Finance III Tahun 2009 (Obligasi III) dengan nilai nominal sebesar Rp 500.000 di Bursa Efek Indonesia. Obligasi III ini terbagi menjadi Seri A, B dan C yang masing-masing akan jatuh tempo pada tanggal 18 Mei 2010, 13 Mei 2011 dan 13 Mei 2012 dan memiliki suku bunga tetap 12,55% - 14,60% setahun. Bunga dibayar setiap tiga bulan dengan pembayaran pertama pada tanggal 13 Agustus 2009 dan pembayaran terakhir bersamaan dengan pelunasan pokok masing-masing seri obligasi. Wali amanat untuk Obligasi III adalah PT Bank Negara Indonesia (Persero) Tbk.
On 14 May 2009, ADMF issued and registered Adira Dinamika Multi Finance III Bonds Year 2009 (Bonds III) with a nominal value of Rp 500,000 at the Indonesian Stock Exchange. Bonds III consist of Series A, B and C which will mature on 18 May 2010, 13 May 2011 and 13 May 2012, respectively, and bear a fixed interest rate at 12.55% - 14.60% per annum. Interest is paid on a quarterly basis with the first payment on 13 August 2009 and the last payment together with payment of principal of each series of bonds. PT Bank Negara Indonesia (Persero) Tbk is the trustee for Bonds III.
Obligasi III ini dijamin oleh piutang pembiayaan konsumen masing-masing sebesar Rp 272.400, Rp 272.400 dan Rp 300.000 pada tanggal 31 Maret 2011, 31 Desember 2010 dan 2009 (lihat Catatan 11) dan rasio jumlah pinjaman terhadap ekuitas tidak melebihi 10:1. Selain itu, selama pokok obligasi belum dilunasi, ADMF tidak diperkenankan, antara lain, membagi dividen selama ADMF lalai dalam membayar jumlah terutang obligasi, melakukan penggabungan usaha serta menjual atau mengalihkan lebih dari 40% aset ADMF yang bukan piutang pembiayaan konsumen.
Bonds III were secured by consumer financing receivables of Rp 272,400, Rp 272,400 and Rp 300,000 as at 31 March 2011, 31 December 2010 and 2009 (see Note 11), respectively, and debt to equity ratio at the maximum of 10:1. During the year that the bonds issued are still outstanding, ADMF is not allowed to, among others, declare dividends in the event that ADMF defaults on its bond obligations, merge and sell or assign more than 40% of ADMF’s assets which are non-consumer financing receivables.
ADMF dapat melakukan pembelian kembali (buy back) untuk sebagian atau seluruh obligasi dengan ketentuan bahwa hal tersebut hanya dapat dilaksanakan setelah ulang tahun pertama sejak tanggal emisi.
ADMF can buy back part or all of the bonds issued under a condition that such action can only be conducted after the first anniversary since the issuance date.
Pada tanggal 31 Maret 2011, Obligasi III tersebut mendapat peringkat idAA+ dari PT Pemeringkat Efek Indonesia (Pefindo) (31 Desember 2010: idAA dan 2009: idAA).
As at 31 March 2011, Bonds III were rated at idAA+ by PT Pemeringkat Efek Indonesia (Pefindo) (31 December 2010: idAA and 2009: idAA).
Pada tanggal 18 Mei 2010, ADMF melunasi seluruh pokok obligasi III seri A.
On 18 May 2010, ADMF fully paid the outstanding principal of Bonds III serie A.
* tidak diaudit
unaudited * LAMPIRAN – 5/120- SCHEDULE
312
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
21. OBLIGASI YANG DITERBITKAN (lanjutan)
21. BONDS ISSUED (continued)
Anak Perusahaan (lanjutan)
Subsidiary (continued)
Pada tanggal 1 November 2010, ADMF menerbitkan dan mencatatkan Obligasi Adira Dinamika Multi Finance IV Tahun 2010 dengan tingkat bunga tetap (Obligasi IV) dengan nilai nominal sebesar Rp 2.000.000 di Bursa Efek Indonesia. Obligasi IV ini terbagi menjadi Seri A, B, C, D dan E yang masingmasing akan jatuh tempo pada tanggal 29 April 2012, 29 Oktober 2012, 29 April 2013, 29 Oktober 2013 dan 29 Oktober 2014 dan memiliki suku bunga tetap 7,60% - 9,25% setahun. Bunga dibayar setiap tiga bulan dengan pembayaran pertama pada tanggal 29 Januari 2011 dan pembayaran terakhir bersamaan dengan pelunasan pokok masing-masing seri obligasi. Wali amanat untuk Obligasi IV adalah PT Bank Negara Indonesia (Persero) Tbk.
On 1 November 2010, ADMF issued and registered Adira Dinamika Multi Finance IV Bonds Year 2010 with fixed interest rate (Bonds IV) with a nominal value of Rp 2,000,000 at the Indonesian Stock Exchange. Bonds IV consist of series A, B, C, D and E which will mature on 29 April 2012, 29 October 2012, 29 April 2013, 29 October 2013 and 29 October 2014, respectively, and bear fixed interest rate at 7.60% 9.25% per annum. Interest is paid on a quarterly basis with the first payment on 29 January 2011 and the last payment together with payment of principal of each series of bonds. PT Bank Negara Indonesia (Persero) Tbk is the trustee for Bonds IV.
Obligasi IV ini dijamin oleh piutang pembiayaan konsumen sebesar Rp 1.200.000 dan Rp 600.000 masing-masing pada tanggal 31 Maret 2011 dan 31 Desember 2010 (lihat Catatan 11) dan rasio jumlah pinjaman terhadap ekuitas tidak melebihi 10:1. Selain itu, selama pokok obligasi belum dilunasi, ADMF tidak diperkenankan, antara lain, membagi dividen selama ADMF lalai dalam membayar kewajiban obligasinya, melakukan penggabungan usaha serta menjual atau mengalihkan lebih dari 40% aset ADMF yang bukan piutang pembiayaan konsumen.
Bonds IV were secured by consumer financing receivables of Rp 1,200,000 and Rp 600,000 as at 31 March 2011 and 31 December 2010, respectively (see Note 11) and debt to equity ratio at the maximum of 10:1. During the period that the bonds are still outstanding, ADMF is not allowed to, among others, declare dividends in the event that ADMF defaults on its bond obligations, merge and sell or assign more than 40% of ADMF’s assets which are non-consumer financing receivables.
ADMF dapat melakukan pembelian kembali (buy back) untuk sebagian atau seluruh obligasi dengan ketentuan bahwa hal tersebut hanya dapat dilaksanakan setelah ulang tahun pertama sejak tanggal emisi.
ADMF can buy back part or all of the bonds issued under a condition that such action can only be conducted after the first anniversary since the issuance date.
Pada tanggal 31 Maret 2011, Obligasi IV tersebut mendapat peringkat idAA+ dari PT Pemeringkat Efek Indonesia (Pefindo) (31 Desember 2010: idAA).
As at 31 March 2011, Bonds IV were rated at idAA+ by PT Pemeringkat Efek Indonesia (Pefindo) (31 December 2010: idAA).
Suku bunga efektif rata-rata tertimbang setahun untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 adalah 9,98% (31 Desember 2010: 9,98% dan 2009: tingkat suku bunga rata-rata tertimbang 14,37%).
The weighted average effective interest rate per annum for the three-month period ended 31 March 2011 was 9.98% (31 December 2010: 9.98% and 2009: weighted average interest rate 14.37%).
Beban bunga atas obligasi yang diterbitkan termasuk amortisasi emisi obligasi yang ditangguhkan untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 dan 2010 adalah masing-masing sebesar Rp 64.182 dan Rp 24.428 dan tahun yang berakhir pada tanggal 31 Desember 2010 dan 2009 masing-masing sebesar Rp 117.247 dan Rp 107.283 (lihat Catatan 31).
The amount of interest expense on the bonds issued including amortization of bonds’ issuance cost for the three-month periods ended 31 March 2011 and 2010 amounted to Rp 64,182 and Rp 24,428 respectively and years ended 31 December 2010 and 2009 amounted to Rp 117,247 and Rp 107,283, respectively (see Note 31).
* tidak diaudit
unaudited * LAMPIRAN – 5/121- SCHEDULE
313
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
21. OBLIGASI YANG DITERBITKAN (lanjutan)
21. BONDS ISSUED (continued)
Anak Perusahaan (lanjutan)
Subsidiary (continued)
Pada tanggal 31 Maret 2011, 31 Desember 2010 dan 2009, Bank dan Anak Perusahaan telah mematuhi semua pembatasan-pembatasan penting sehubungan dengan perjanjian obligasi yang diterbitkan. Seluruh pembayaran atas jumlah bunga dan pokok yang jatuh tempo telah dilakukan secara tepat waktu.
As at 31 March 2011, 31 December 2010 and 2009, the Bank and Subsidiary were in compliance with the aforementioned covenants in relation to the bonds issuance agreement. All payments of amounts due for interest and principle has been done on timely basis.
22. PINJAMAN YANG DITERIMA
22. BORROWINGS Information in respect of maturities is disclosed in Note 47d.
Informasi mengenai jatuh tempo diungkapkan pada Catatan 47d.
By type and currency
Berdasarkan jenis dan mata uang
31 Desember/ December 2010 2009
31 Maret/ March 2011 Pihak ketiga Rupiah - International Finance Corporation (IFC) - PT Bank Panin Tbk - PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk - Pinjaman dari bank/lembaga keuangan lain - PT Permodalan Nasional Madani (PNM) - Bank Indonesia - Pinjaman penerusan - PT Bank Central Asia Tbk - Pinjaman Bankers Acceptance
Mata uang asing - Pinjaman Bankers Acceptance - Pembiayaan Letter of Credit - International Finance Corporation (IFC)
662,940 1,025,000
662,940 50,000
883,920 150,000
250,000
-
-
50,000
50,000
50,000
24,205 11,168 758 100,000
28,127 13,043 947 100,000
40,841 26,533 11,656 75,000 -
2,124,071
905,057
1,237,950
1,523,813 395,401
901,000 513,595
930,131
156,735
162,180
225,480
2,075,949
1,576,775
1,155,611
4,200,020
2,481,832
2,393,561
Third parties Rupiah International Finance Corporation (IFC) PT Bank Panin Tbk PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk Placements by other banks/ financial institutions PT Permodalan Nasional Madani (PNM) Bank Indonesia Two-step loans PT Bank Central Asia Tbk Bankers Acceptance -
Foreign currency Bankers Acceptance Letter of Credit Financing International Finance Corporation (IFC)
Suku bunga efektif rata-rata tertimbang setahun untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 adalah 8,34% untuk Rupiah dan 2,08% untuk mata uang asing (31 Desember 2010: 8,53% untuk Rupiah dan 3,04% untuk mata uang asing dan 2009: tingkat suku bunga rata-rata tertimbang 9,17% untuk Rupiah dan 3,55% untuk mata uang asing).
Weighted average effective interest rate per annum for the three-month period ended 31 March 2011 was 8.34% for Rupiah and 2.08% for foreign currencies (31 December 2010: 8.53% for Rupiah and 3.04% for foreign currencies and 2009: weighted average interest rate 9.17% for Rupiah and 3.55% for foreign currencies).
Informasi mengenai klasifikasi dan nilai wajar pinjaman yang diterima diungkapkan pada Catatan 48.
Information with regards to the classification and fair value of borrowings was disclosed in Note 48.
* tidak diaudit
unaudited * LAMPIRAN – 5/122- SCHEDULE
314
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
22. PINJAMAN YANG DITERIMA (lanjutan)
22. BORROWINGS (continued)
International Finance Corporation (IFC)
International Finance Corporation (IFC)
Akun ini merupakan fasilitas kredit yang diperoleh dari IFC untuk disalurkan sebagai kredit kepada pengusaha kecil dan menengah, kredit konsumen dan kredit usaha mikro. Fasilitas kredit yang diperoleh setara dengan USD 150.000.000 dan akan jatuh tempo pada tahun 2013. Tingkat suku bunga setahun berkisar antara 4,71% - 7,43% untuk periode tiga bulan berakhir pada tanggal 31 Maret 2011 (31 Desember 2010: 4,71% 10,72% dan 2009: 5,47% - 11,73%). Pada tanggal 31 Maret 2011, 31 Desember 2010 dan 2009, seluruh fasilitas sebesar USD 150.000.000 telah dicairkan oleh Bank. Saldo pinjaman pada tanggal 31 Maret 2011 sebesar USD 94.129.995 (31 Desember 2010: USD 91.578.246 dan 2009: USD 120.000.000) atau setara dengan Rp 662.940 dan USD 18.000.000 (lihat Catatan 52) (31 Desember 2010: Rp 662.940 dan USD 18.000.000 dan 2009: Rp 883.920 dan USD 24.000.000).
This account represents credit facility obtained from IFC to finance small and medium scale enterprises, consumer and microfinance lending. Total facility is equivalent to USD 150,000,000 and will mature in 2013. Interest rate per annum ranging from 4.71% 7.43% for the three-month period ended 31 March 2011 (31 December 2010: 4.71% - 10.72% and 2009: 5.47% - 11.73%). As at 31 March 2011, 31 December 2010 and 2009, all facility of USD 150,000,000 had been drawn down by the Bank. The outstanding balance of borrowing as at 31 March 2011 amounting to USD 94,129,995 (31 December 2010: USD 91,578,246 and 2009: USD 120,000,000) or equivalent to Rp 662,940 and USD 18,000,000 (see Note 52) (31 December 2010: Rp 662,940 and USD 18,000,000 and 2009: Rp 883,920 and USD 24,000,000).
Perjanjian pinjaman ini mencakup adanya pembatasanpembatasan tertentu yang umumnya diharuskan dalam pemberian fasilitas kredit, antara lain, pembatasan untuk melakukan penggabungan usaha atau konsolidasi dengan pihak lain, mengadakan transaksi dengan pihak lain selain yang timbul dalam kegiatan usaha yang normal dengan persyaratan komersial yang normal dan merupakan transaksi yang wajar, melakukan perubahan atas Anggaran Dasar yang menyebabkan ketidakkonsistenan dengan perjanjian ini, atau melakukan perubahan tahun fiskal; menjual, memindahkan, menyewakan atau sebaliknya menjual semua atau sebagian besar aset yang dimiliki baik dalam satu transaksi maupun beberapa transaksi (di luar aset untuk sekuritisasi) tanpa pemberitahuan secara tertulis sebelumnya kepada IFC; mempertahankan rasio-rasio keuangan tertentu seperti Kewajiban Penyediaan Modal Minimum, Posisi Devisa Neto, Batas Maksimum Pemberian Kredit Bank Umum, Open Credit Exposure Ratio, Interest Rate Gap Ratio dan Actuarial Maturity Gap Ratio yang disepakati; dan pembatasan pemberian dividen.
This loan agreement includes certain covenants which are normally required for such credit facilities, among others, limitations to initiate merger or consolidation with other parties, enter into any transaction except in the ordinary course of business on ordinary commercial terms and on the basis of arm’s-length arrangement, change its articles of association in any manner which would be inconsistent with the provisions of this agreement, or change its fiscal year; sell, transfer, lease or otherwise dispose of all or a substantial part of its assets whether in a single transaction or in a series of transactions (excluding assets for securitization) without prior written notification to IFC; maintenance of certain agreed financial ratios such as Capital Adequacy Ratio, Net Open Position, Legal Lending Limit for Commercial Bank, Open Credit Exposure Ratio, Interest Rate Gap Ratio and Actuarial Maturity Gap Ratio; and limitation of distributing dividend.
Pembatasan pemberian dividen yang dimaksud adalah kecuali jika disetujui oleh IFC, Bank dilarang untuk mengumumkan atau membayar dividen ataupun mendistribusikan sahamnya (selain dividen atau distribusi terutang dalam bentuk saham Bank), atau melakukan pembelian, menarik kembali, atau memperoleh saham Bank atau memberikan opsi terhadap saham Bank jika Cidera Janji atau Potensi Cidera Janji telah terjadi dan masih berlangsung, atau Bank tidak menepati pembatasan keuangan (financial covenants), atau Bank mengalami kerugian pada tahun buku dimana dividen dipertimbangkan.
Limitation of distributing dividends means that unless IFC otherwise agrees, the Bank shall not declare or pay any dividend or make any distribution on its share capital (other than dividends or distributions payable in shares of the Bank), or purchase, redeem, or otherwise acquire any shares of the Bank or grant option over them if an Event of Default or Potential Event of Default has occurred and is then continuing, or the Bank does not comply with financial covenants, or the Bank incurred a loss in the fiscal year for which the dividend is considered.
* tidak diaudit
unaudited * LAMPIRAN – 5/123- SCHEDULE
315
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
22. PINJAMAN YANG DITERIMA (lanjutan)
22. BORROWINGS (continued)
International Finance Corporation (IFC) (lanjutan)
International Finance Corporation (IFC) (continued)
Pada tanggal 31 Maret 2011, 31 Desember 2010 dan 2009, Bank telah mematuhi semua pembatasanpembatasan penting sehubungan dengan perjanjian pinjaman dengan IFC tersebut.
As at 31 March 2011, 31 December 2010 and 2009, the Bank was in compliance with the aforementioned covenants in relation to the loan agreements with IFC.
PT Bank Panin Tbk
PT Bank Panin Tbk
Akun ini merupakan fasilitas pinjaman modal kerja ADMF yang diperoleh dari PT Bank Panin Tbk, dengan batas maksimum kredit sebesar Rp 200.000 (fasilitas I) dan Rp 1.000.000 (fasilitas II). Fasilitas II merupakan fasilitas pinjaman modal kerja berulang. Jangka waktu fasilitas I dimulai sejak tanggal 29 Juni 2009 dan jatuh tempo pada tanggal 29 September 2011, sedangkan fasilitas II dimulai sejak tanggal 30 Maret 2011 dan jatuh tempo pada tanggal 30 Maret 2012. Tingkat suku bunga kontraktual setahun sebesar 13,00% (fasilitas I) dan 9,00% (fasilitas II) untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 dan tahun yang berakhir pada tanggal 31 Desember 2010 dan 2009.
This account represents a working capital facility obtained by ADMF from PT Bank Panin Tbk, with a maximum credit limit amounting to Rp 200,000 (facility I) and Rp 1.000.000 (facility II). Facility II represents a revolving working capital facility. The periods of facility I starting on 29 June 2009 and maturing on 29 September 2011, and facility II starting on 30 March 2011 and maturing on 30 March 2012. Contractual interest rate per annum was at 13.00% (facility I) and 9.00% (facility II) for the three-month period ended 31 March 2011 and years ended 31 December 2010 and 2009.
Fasilitas I dijamin dengan piutang pembiayaan konsumen dengan nilai sekurang-kurangnya sebesar 100% dan fasilitas II tidak dijamin oleh jaminan khusus (lihat Catatan 11). Rasio jumlah utang terhadap jumlah ekuitas tidak melebihi rasio 7,5:1 (fasilitas I) dan 10:1 (fasilitas II).
Facility I is secured by consumer financing receivables with a minimum amount of 100% and facility II is unsecured loan (see Note 11). Debt to equity ratio not to exceed 7.5:1 (facility I) and 10:1 (facility II).
Selama pinjaman belum dilunasi, ADMF tidak diperkenankan antara lain, melakukan penggabungan usaha atau mengikat diri sebagai penjamin, kecuali dengan persetujuan tertulis terlebih dahulu dari PT Bank Panin Tbk.
During the period that the loans are still outstanding, ADMF is not allowed to, among others, enter into a merger or act as a guarantor, except with prior written consent from PT Bank Panin Tbk.
Semua persyaratan perjanjian yang berkaitan dengan fasilitas pinjaman yang diterima oleh ADMF telah dipenuhi pada tanggal 31 Maret 2011.
All covenants in relation to borrowing facility received by ADMF were fulfilled as at 31 March 2011.
PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (Bank BJB)
PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (Bank BJB)
ADMF memiliki fasilitas pinjaman modal kerja dari Bank BJB dengan batas maksimum kredit sejumlah Rp 250.000, dimulai sejak tanggal 25 Maret 2011 dan jatuh tempo pada tanggal 25 September 2011. Tingkat suku bunga kontraktual setahun sebesar 9,10% untuk periode tiga bulan berakhir 31 Maret 2011.
ADMF has a working capital facility from Bank BJB with a maximum credit limit amounting to Rp 250,000, starting on 25 March 2011 and maturing on 25 September 2011. Contractual interest rate per annum was at 9.10% for three-month period ended 31 March 2011.
* tidak diaudit
unaudited * LAMPIRAN – 5/124- SCHEDULE
316
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
22. PINJAMAN YANG DITERIMA (lanjutan)
22. BORROWINGS (continued)
PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (Bank BJB) (lanjutan)
PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (Bank BJB) (continued)
Fasilitas pinjaman ini dijamin dengan piutang pembiayaan konsumen dengan nilai sekurangkurangnya sebesar 60% dari jumlah saldo pinjaman yang diterima (lihat Catatan 11), rasio jumlah utang terhadap jumlah ekuitas tidak melebihi rasio 10:1, dan rasio aset lancar terhadap utang lancar tidak melebihi rasio 1,2:1.
This loan facility is secured by consumer financing receivables with a minimum amount of 60% of total outstanding borrowing (see Note 11) and debt to equity ratio not to exceed 10:1 and current asset to current liability ratio not to exceed 1.2:1.
Selama pinjaman belum dilunasi, ADMF tidak diperkenankan antara lain, melakukan investasi, membagikan deviden atau mengikat diri sebagai penjamin, kecuali dengan persetujuan tertulis terlebih dahulu dari Bank BJB.
During the period that the loan is still outstanding, ADMF is not allowed to, among others, making an investment, declare devidend or act as a guarantor, except with prior written consent from Bank BJB.
Pada tanggal 31 Maret 2011, ADMF telah memenuhi seluruh persyaratan yang disebutkan dalam perjanjian fasilitas pinjaman ini.
As at 31 March 2011, ADMF has complied with all the requirements mentioned in this loan facility agreement.
PT Permodalan Nasional Madani (PNM)
PT Permodalan Nasional Madani (PNM)
Akun ini merupakan fasilitas kredit yang diperoleh Bank dari PNM dalam bentuk kredit likuiditas, terdiri dari fasilitas kredit untuk Kredit Koperasi Primer untuk Anggota (“KKPA”).
This account represents credit facilities obtained by the Bank from PNM in the form of liquidity credits consisting of loans for primary cooperative members (“KKPA”).
Pinjaman ini jatuh tempo pada tahun 2007 - 2014 dengan tingkat suku bunga kontraktual tetap setahun sebesar 9%.
These facilities mature in 2007 - 2014, bear fixed contractual interest rates per annum of 9%.
Bank Indonesia (“BI”)
Bank Indonesia (“BI”)
Akun ini merupakan fasilitas-fasilitas kredit yang diperoleh dari BI untuk dipinjamkan kembali kepada pengusaha kecil dalam bentuk kredit investasi dan kredit modal kerja.
This account represents credit facilities obtained from BI which are channelled to the Bank’s small scale customers in the form of investment loans and working capital loans.
Pinjaman ini jatuh tempo pada tahun 2009 - 2019 dengan tingkat suku bunga tetap setahun berkisar antara 3% - 9%.
These facilities mature in 2009 - 2019 and bear fixed interest rates per annum ranging from 3% - 9%.
Pinjaman penerusan
Two-step loans
Pinjaman penerusan terdiri dari fasilitas pinjaman dalam Rupiah dan mata uang asing yang diperoleh dari berbagai lembaga pembiayaan internasional melalui BI, yang ditujukan untuk membiayai proyek-proyek tertentu di Indonesia. Pinjaman ini jatuh tempo pada tahun 2007 - 2013 dengan tingkat suku bunga setahun berkisar antara 4,07% - 4,23% untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 (31 Desember 2010: 1,57% - 4,07% dan 2009: 3,65% - 8,65%).
Two-step loans consist of credit facilities in Rupiah and foreign currencies obtained from international funding institutions through BI which are used to finance specific projects in Indonesia. These facilities will mature in 2007 - 2013 and bear annual interest rates ranging from 4.07% - 4.23% for the three-month period ended 31 March 2011 (31 December 2010: 1.57% - 4.07% and 2009: 3.65% - 8.65% ).
* tidak diaudit
unaudited * LAMPIRAN – 5/125- SCHEDULE
317
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
22. PINJAMAN YANG DITERIMA (lanjutan)
22. BORROWINGS (continued)
PT Bank Central Asia Tbk (BCA)
PT Bank Central Asia Tbk (BCA)
Akun ini merupakan fasilitas pinjaman modal kerja ADMF yang bersifat berulang yang diperoleh dari BCA, dengan batas maksimum kredit sebesar Rp 75.000. Fasilitas ini dijamin dengan piutang pembiayaan konsumen dengan nilai sekurang-kurangnya sebesar 120% dari jumlah saldo pinjaman yang diterima (lihat Catatan 11). Fasilitas pinjaman ini akan jatuh tempo pada tanggal 14 Maret 2011 dengan tingkat suku bunga kontraktual setahun berkisar antara 10,50% 11,00% dan 11,50% - 14,00% masing-masing untuk tahun yang berakhir pada tanggal 31 Desember 2010 and 2009.
This account represents a revolving working capital facility obtained by ADMF from BCA, with a maximum credit limit amounting to Rp 75,000. This facility is secured by consumer financing receivables with a minimum total amount of 120% of total outstanding borrowing (see Note 11). The facility will mature on 14 March 2011 and bears annual contractual interest rates ranging 10.50% - 11.00% and 11.50% - 14.00% for the years ended 31 December 2010 and 2009, respectively.
Semua persyaratan perjanjian yang berkaitan dengan fasilitas pinjaman yang diterima oleh ADMF telah dipenuhi pada tanggal 31 Desember 2009. Saldo pinjaman masing-masing sebesar Rp nihil, Rp nihil dan Rp 75.000 pada tanggal 31 Maret 2011, 31 Desember 2010 dan 2009.
All covenants in relation to borrowing facility received by ADMF were fulfilled as at 31 December 2009. The outstanding balance of borrowing is amounting to Rp nil, Rp nil and Rp 75,000 as at 31 March 2011, 31 December 2010 and 2009, respectively.
Pembiayaan Letter of Credit
Letter of Credit Financing
Akun ini merupakan pinjaman antar bank yang diperoleh Bank dari CoBank, Denver. Pada tanggal 31 Maret 2011, saldo pinjaman ini adalah sebesar USD 45.409.216 (lihat Catatan 52) atau setara dengan Rp 395.401 (31 Desember 2010: USD 57.002.749 atau setara dengan Rp 513.595 dan 2009: USD 99.002.767 atau setara dengan Rp 930.131) dengan tingkat suku bunga kontraktual setahun berkisar antara 0,65% - 0,96% untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 (31 Desember 2010: 0,65% - 1,10% dan 2009: 0,76% 1,38%).
This account represents interbank borrowings obtained by the Bank from CoBank, Denver. As at 31 March 2011, this outstanding borrowing is amounting to USD 45,409,216 (see Note 52) or equivalent to Rp 395,401 (31 December 2010: USD 57,002,749 or equivalent to Rp 513,595 and 2009: USD 99,002,767 or equivalent to Rp 930,131) bear annual contractual interest rates ranging from 0.65% - 0.96% for the three-month period ended 31 March 2011 (31 December 2010: 0.65% - 1.10% and 2009: 0.76% - 1.38%).
Pinjaman Bankers Acceptance
Bankers Acceptance
Pada tanggal 31 Maret 2011 dan 31 Desember 2010, akun ini merupakan pinjaman antar bank yang diperoleh Bank dari Indonesia Eximbank dan pinjaman antar bank yang diperoleh Bank dari berbagai bank luar negeri. Pada tanggal 31 Maret 2011, saldo pinjaman ini adalah Rp 100.000 dan USD 175.000.000 (lihat Catatan 52) (31 Desember 2010: Rp 100.000 dan USD 100.000.000) dengan tingkat suku bunga kontraktual setahun sebesar 6,58% untuk pinjaman dalam mata uang rupiah dan berkisar antara 1,21% 1,33% untuk pinjaman dalam mata uang asing untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 (31 Desember 2010: 7,10% untuk mata uang Rupiah dan 1,21% - 1,33% untuk mata uang asing).
As at 31 March 2011 and 31 December 2010, this account represents interbank borrowings obtained by the Bank from Indonesia Eximbank and interbank borrowings obtained by the Bank from various foreign banks. As at 31 March 2011, this outstanding borrowing amounted to Rp 100,000 and USD 175,000,000 (see Note 52) (31 December 2010: Rp 100,000 and USD 100,000,000) with bear annual contractual interest rates at 6.58% for borrowings in Rupiah currency and ranging from 1.21% - 1.33% for borrowings in foreign currency for the three-month periods ended 31 March 2011 (31 December 2010: 7.10% for Rupiah currency and 1.21% - 1.33% for foreign currency).
* tidak diaudit
unaudited * LAMPIRAN – 5/126- SCHEDULE
318
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
23. PAJAK PENGHASILAN a.
23. INCOME TAX
Pajak dibayar dimuka
a.
31 Desember/ December 2010 2009
31 Maret/ March 2011 Bank Pajak Penghasilan Badan
b.
81,741
-
-
81,741
-
-
Utang pajak
b.
Anak Perusahaan - Pajak Penghasilan Badan - Pajak Penghasilan Lainnya
c.
5,579
11,388
40,813 8,745 2,778 52,336
28,519 7,690 69,837 1,657 113,282
23,841 5,789 70,895 1,511 113,424
20,936 23,417
47,404 22,334
63,004 15,613
44,353
69,738
78,617
96,689
183,020
192,041
c. 31 Maret/March 2011 2010*
Anak Perusahaan Kini Tangguhan
Konsolidasian Kini Tangguhan
Taxes payable
-
Beban pajak penghasilan
Bank Kini Tangguhan
Bank Corporate Income Tax
31 Desember/ December 2010 2009
31 Maret/ March 2011 Bank Pajak Penghasilan Badan Pajak Penghasilan: - Pasal 21 - Pasal 23/26 - Pasal 25 Pajak Pertambahan Nilai
Prepaid taxes
Subsidiaries Corporate Income Tax Other Income Taxes -
Income tax expense
31 Desember/December 2010 2009
54,544 66,970
99,750 34,457
579,260 (98,878)
564,706 (317,466)
121,514
134,207
480,382
247,240
101,613 47,924
86,814 41,530
453,468 83,920
505,942 3,656
149,537
128,344
537,388
509,598
156,157 114,894
186,564 75,987
1,032,728 (14,958)
1,070,648 (313,810)
271,051
262,551
1,017,770
756,838
Rekonsiliasi antara laba sebelum pajak, seperti yang disajikan dalam laporan laba rugi konsolidasian, dan penghasilan kena pajak untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 dan 2010 dan tahun yang berakhir pada tanggal 31 Desember 2010 dan 2009 adalah sebagai berikut:
Bank Corporate Income Tax Income Tax: Article 21 Articles 23/26 Article 25 Value Added Tax
Bank Current Deferred
Subsidiaries Current Deferred
Consolidated Current Deferred
The reconciliation between income before tax, as shown in the consolidated statements of income, and taxable income for the three-month periods ended 31 March 2011 and 2010 and years ended 31 December 2010 and 2009 was as follows:
* tidak diaudit
unaudited * LAMPIRAN – 5/127- SCHEDULE
319
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
23. PAJAK PENGHASILAN (lanjutan) c.
23. INCOME TAX (continued)
Beban pajak penghasilan (lanjutan)
c. Income tax expense (continued)
31 Maret/March 2011 2010* Laba konsolidasian sebelum pajak penghasilan Laba bersih sebelum pajak - Anak Perusahaan Laba sebelum pajak - Bank Bagian atas laba Anak Perusahaan Laba akuntansi sebelum pajak (Bank saja) Perbedaan temporer: - (Pemulihan)/penyisihan kerugian penurunan nilai atas aset - Penghapusbukuan pinjaman - Kerugian/(keuntungan) yang belum direalisasi atas perubahan nilai wajar efekefek dan Obligasi Pemerintah - bersih - Penyusutan aset tetap - Penyisihan imbalan kerja karyawan - Penyisihan penurunan nilai agunan yang diambil alih - Lain-lain
1,059,878
985,638
4,001,531
2,370,560
(175,703) 884,175
(150,876) 834,762
(637,681) 3,363,850
(590,787) 1,779,773
(451,360)
(385,043)
(1,691,452)
(1,387,752)
432,815
449,719
1,672,398
(413,958) 222,362
Penghasilan kena pajak Beban pajak penghasilan badan Dikurangi: Pajak dibayar dimuka pasal 25 Utang pajak penghasilan badan tahun sebelumnya (Pajak dibayar dimuka badan)/ utang pajak penghasilan badan
(8,840) (129,780)
69,107 (64,135)
392,021
Consolidated income before tax Net income before tax - Subsidiaries Income before tax - Bank Equity in net income of Subsidiaries Accounting income before tax (Bank only)
1,055,296 306,111
Temporary differences: (Recovery of)/allowance for impairment losses on assets Loans written-off -
(145) (5,591) (75,539)
459 22,459 (25,752)
321 41,843 330,378
(207) (38,404) 119,301
4,990 -
3,626 -
18,000 -
3,308 (44,540)
(267,881) Perbedaan permanen: - Penyisihan/(pemulihan) kerugian penurunan nilai atas aset - Penyusutan aset tetap - Penghapusbukuan pinjaman yang diberikan - Amortisasi Goodwill - Lain-lain
31 Desember/December 2010 2009
Unrealised losses/(gains) from changes in fair value of marketable securities and Government Bonds - net Depreciation of fixed assets Provision for employee benefits Allowance for decline in value of repossessed assets Others
-
-
(137,828)
395,514
26,559 11,928
(960) 2,671
(9,532) 28,166
(4,814) 35,672
Permanent differences: Allowance for/(recovery of) impairment losses on assets Depreciation of fixed assets -
14,755
(13,501) 51,841 47,057
(143,614) 207,365 166,743
(69,959) 207,365 55,657
Loans written-off Amortization of Goodwill Others -
53,242
87,108
249,128
223,921
218,176
398,999
2,317,040
2,016,807
Taxable income
54,544
99,750
579,260
564,706
Corporate income tax expense
(141,864)
(112,785)
(573,681)
(553,318)
5,579
11,388
-
-
Less: Prepaid tax article 25 Previous year corporate income tax payable
(81,741)
(1,647)
5,579
11,388
(Corporate prepaid tax)/ corporate income tax payable
Perhitungan pajak penghasilan badan untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 dan 2010 dan tahun yang berakhir pada tanggal 31 Desember 2010 dan 2009 adalah suatu perhitungan sementara yang dibuat untuk tujuan akuntansi dan dapat berubah pada waktu Bank menyampaikan Surat Pemberitahuan Tahunan (“SPT”) pajaknya.
1,400,865
The corporate tax calculation for the three-month periods ended 31 March 2011 and 2010 and years ended 31 December 2010 and 2009 was a preliminary estimate made for accounting purposes and was subject to revision when the Bank lodged its Annual Corporate Tax Return.
* tidak diaudit
unaudited * LAMPIRAN – 5/128- SCHEDULE
320
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
23. PAJAK PENGHASILAN (lanjutan) c.
23. INCOME TAX (continued)
Beban pajak penghasilan (lanjutan)
c. Income tax expense (continued)
Perhitungan pajak penghasilan untuk tahun yang berakhir pada tanggal 31 Desember 2010 dan 2009 masing-masing lebih besar sebesar Rp 2.334 dan Rp 6.279 dari SPT Bank untuk tahun 2010 dan 2009. Perbedaan tersebut dibebankan ke laporan laba rugi konsolidasian tahun 2011 dan 2010.
The calculation of income tax for the years ended 31 December 2010 and 2009 was higher by Rp 2,334 and Rp 6,279, respectively, compared to the Bank’s 2010 and 2009 annual tax return. The difference was charged to the 2011 and 2010 consolidated statements of income.
Rekonsiliasi atas beban pajak penghasilan Bank dengan perkalian laba akuntansi Bank sebelum pajak penghasilan dan tarif pajak yang berlaku adalah sebagai berikut:
The reconciliation between the Bank’s income tax expense and the Bank’s accounting profit before tax multiplied by the prevailing tax rates was as follows:
31 Maret/March 2011 2010* Laba sebelum pajak - Bank, setelah dikurangi bagian laba atas laba Anak Perusahaan Pajak dihitung pada tarif pajak tunggal Beban yang tidak dapat dikurangkan Penyesuaian tarif Penyesuaian sehubungan dengan Penerapan PSAK No. 55 (Revisi 2006) Beban pajak penghasilan
31 Desember/December 2010 2009 Income before tax - Bank, net of equity in net income of Subsidiaries Tax calculated at single rates
432,815
449,719
1,672,398
392,021
108,204
112,430
418,099
109,766
13,310 121,514
21,777 134,207
34,742 452,841
62,698 172,464
Non-deductible expenses
-
-
-
74,776
-
-
27,541
-
Rate adjustment Adjustment in connection with the implementation of SFAS No. 55 (2006 Revision)
121,514
134,207
480,382
247,240
Income tax expense
Pada bulan September 2008, Undang-Undang No. 36 tahun 2008 tentang perubahan ke empat atas Undang-Undang No. 7 tahun 1983 atas Pajak Penghasilan telah disahkan. Undang-Undang ini berlaku efektif sejak 1 Januari 2009. Perubahan signifikan yang diatur dalam Undang-Undang, salah satunya adalah perubahan tarif pajak penghasilan badan menjadi tarif tunggal, yaitu sebesar 28% untuk tahun fiskal 2009 dan 25% untuk tahun fiskal 2010 dan seterusnya. Bank telah membukukan pengaruh dari perubahan tarif pajak penghasilan tersebut terhadap perhitungan aset pajak tangguhan pada laporan keuangan konsolidasian tanggal dan untuk periode yang berakhir pada tanggal 31 December 2009 sebesar Rp 86.453 yang terdiri dari jumlah sebesar Rp 74.776 dikreditkan ke laporan laba rugi konsolidasian dan jumlah sebesar Rp 11.677 dikreditkan ke ekuitas konsolidasian.
In September 2008, Law No. 36 year 2008 which is the fourth amendment of Law No. 7 year 1983 regarding income tax has been approved. The law is effective starting 1 January 2009. The significant change stipulated in the law is a change of corporate income tax rate to a single rate, which is 28% for the year 2009 and 25% for the year 2010 onwards. Bank has recorded the impact of this change to the calculation of deferred tax assets in the consolidated financial statements as of and for the period ended 31 December 2009 of Rp 86,453 consisting of Rp 74,776 credited to consolidated statement of income and Rp 11,677 credited to consolidated equity.
* tidak diaudit
unaudited * LAMPIRAN – 5/129- SCHEDULE
321
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
23. PAJAK PENGHASILAN (lanjutan) c.
23. INCOME TAX (continued)
Beban pajak penghasilan (lanjutan)
c.
Income tax expense (continued)
Bank
Bank
Pemeriksaan pajak tahun 1998 dan 1999
Tax audit for the fiscal years 1998 and 1999
Kantor Pelayanan Pajak melakukan koreksi atas rugi fiskal pajak penghasilan badan Bank tahun 1998 dan 1999 masing-masing sebesar Rp4.768.889 dan Rp 20.129.570. Koreksi ini mengakibatkan Bank mempunyai penghasilan kena pajak sebesar Rp 12.395.042 dan bukan posisi kerugian fiskal sebesar Rp 7.734.528, seperti yang dilaporkan Bank untuk tahun fiskal 1999. Penyesuaian ini tidak menimbulkan utang pajak bagi Bank untuk tahun fiskal 2003 karena jumlah ini dapat dikompensasi dengan kerugian fiskal tahun 1998.
The Tax Office corrected the tax losses of the Bank’s corporate income tax of 1998 and 1999 fiscal years amounted to Rp 4,768,889 and Such correction Rp20,129,570, respectively. resulted in Bank’s taxable income position of Rp12,395,042 instead of a tax loss of Rp7,734,528, as previously reported by the Bank for its 1999 fiscal year. This adjustment did not result in tax payable for the Bank for fiscal year 2003 as it was fully compensated with the 1998 tax losses carried forward.
Manajemen Bank menyetujui koreksi terhadap pajak penghasilan tahun fiskal 1998 dan hanya menyetujui koreksi sebesar Rp 71.811 untuk tahun fiskal 1999.
The Bank’s Management agreed with the assessment related to the 1998 fiscal year and only agreed with an assessment of Rp 71,811 for the 1999 fiscal year.
Pada bulan Pebruari 2004, Bank telah mengajukan keberatan atas SKP untuk tahun fiskal 1999 tersebut dan ditolak oleh Kantor Pelayanan Pajak.
In February 2004, the Bank filed an objection letter in respect of the 1999 assessment and was rejected by Tax Office.
Pada bulan Juli 2004, Bank telah mengajukan permohonan banding atas SKPN untuk tahun fiskal 1999 tersebut dan ditolak oleh Pengadilan Pajak. Atas penolakan ini Bank telah mengajukan permohonan peninjauan kembali atas putusan pengadilan pajak ke Mahkamah Agung pada bulan Nopember 2005. Sampai dengan tanggal 31 Maret 2011, hasil atas permohonan peninjauan kembali tersebut belum diketahui.
In July 2004, the Bank submitted an appeal letter in respect of the 1999 assessment and was rejected by the Tax Court. The Bank has requested a judicial review of the decision by the Tax Court to the Supreme Court in November 2005. Up to 31 March 2011, the result of this judicial review was still unknown.
Pemeriksaan pajak tahun 2000 dan 2001
Tax audit for the fiscal years 2000 and 2001
Pada tahun 2004, Bank menerima SKP hasil pemeriksaan pajak tahun fiskal 2000 dan 2001 dengan jumlah masing-masing sebesar Rp 28.101 dan Rp 26.589, setelah dikompensasi dengan kelebihan pembayaran pajak penghasilan karyawan dan pajak penghasilan badan tahun 2000. SKP tersebut menetapkan kurang bayar atas pajak penghasilan karyawan, pajak penghasilan pasal 23/26, pajak final pasal 4(2) dan Pajak Pertambahan Nilai (“PPN”). Hasil pemeriksaan tersebut telah disetujui oleh Manajemen Bank, kecuali ketetapan kurang bayar PPN sebesar Rp19.769. Bank telah mengajukan surat keberatan atas SKP PPN tersebut pada bulan Januari 2005.
In 2004, the Bank received tax assessment letters for the fiscal years 2000 and 2001 of Rp 28,101 and Rp 26,589, respectively, after being compensated with the tax overpayment of 2000 employee income tax and corporate income tax. This tax assessment letters confirmed the underpayment of employee income tax, withholding tax article 23/26, final tax article 4(2) and Value Added Tax (“VAT”). The result of the audit was agreed by the Bank’s Management, except for the assessment on the VAT underpayment of Rp 19,769. The Bank has submitted an objection letter on the VAT assessment in January 2005.
* tidak diaudit
unaudited * LAMPIRAN – 5/130- SCHEDULE
322
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
23. PAJAK PENGHASILAN (lanjutan) c.
23. INCOME TAX (continued)
Beban pajak penghasilan (lanjutan)
c.
Income tax expense (continued)
Bank (lanjutan)
Bank (continued)
Pada bulan Desember 2005, Kantor Pelayanan Pajak telah menerbitkan surat keputusan penolakan permohonan keberatan tersebut. Atas penolakan ini Bank telah mengajukan banding ke Pengadilan Pajak pada bulan Maret 2006. Walaupun Bank mengajukan keberatan atas SKP PPN, sesuai dengan Undang-Undang Pajak, Bank telah membayar seluruh kekurangan bayar tersebut di atas. Berdasarkan surat putusan nomor PUT.10218/PP/M.II/16/2007 tertanggal 16 Maret 2007, Pengadilan Pajak telah mengabulkan seluruh permohonan banding Bank atas PPN tersebut di atas sejumlah Rp 19.769.
In December 2005, the Tax Office issued a rejection letter to the objection letter. The Bank submitted an appeal to the Tax Court in March 2006. Despite the fact that the Bank appealed on the VAT assessment, in accordance with the Tax Laws, all underpayments have been paid by the Bank. Based on decision letter number PUT.10218/PP/M.II/16/2007 dated 16 March 2007, the Tax Court has accepted all the Bank’s appeal for the said VAT totalling Rp 19,769.
Kantor Pajak telah mengajukan permohonan peninjauan kembali ke Mahkamah Agung atas putusan Pengadilan Pajak No. PUT.10218/PP/M.II/16/2007 tanggal 10 September 2007. Sampai dengan tanggal 31 Maret 2011, hasil atas permohonan peninjauan kembali belum diketahui.
The Tax Office filed an appeal for judicial review to the Supreme Court on decision by Tax Court No. PUT.10218/PP/M.II/16/2007 on 10 September 2007. Up to 31 March 2011, the result of this judicial review was still unknown.
Pemeriksaan pajak tahun 2008
Tax audit for the fiscal year 2008
Pada tanggal 16 Juli 2010, Bank mendapatkan Surat Perintah Pemeriksaan Pajak sebagai pemberitahuan untuk pemeriksaan umum tahun fiskal 2008. Sampai dengan tanggal laporan keuangan konsolidasian ini diotorisasi oleh manajemen untuk diterbitkan, hasil pemeriksaan masih belum diketahui.
On 16 July 2010, the Bank received “Surat Perintah Pemeriksaan Pajak” as a notification of general tax audit for fiscal year 2008. Up to that these consolidated financial statements are authorized for issue by the management, the results of the audit have not been known yet.
* tidak diaudit
unaudited * LAMPIRAN – 5/131- SCHEDULE
323
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
23. PAJAK PENGHASILAN (lanjutan) d.
23. INCOME TAX (continued)
Aset pajak tangguhan
d.
Bank
Bank
1 Januari/ January Aset/(liabilitas) pajak tangguhan: - Penyisihan kerugian penurunan nilai atas aset - Kerugian/(keuntungan) yang belum direalisasi atas perubahan nilai wajar efek-efek dan Obligasi Pemerintah - bersih - Penghapusbukuan pinjaman - Imbalan kerja karyawan yang masih harus dibayar - Penyusutan aset tetap - Penyisihan kerugian penurunan nilai piutang lain-lain Jumlah aset pajak tangguhan - bersih
568,702
Jumlah aset pajak tangguhan - bersih
31 Maret/March 2011 Dikreditkan ke laporan laba Dikreditkan/ rugi komprehensif (dibebankan ke konsolidasian/ laporan laba rugi Credited to konsolidasian/ consolidated Credited/(charged) statement of to consolidated comprehensive statement of income income
(101,354)
-
(25,991) 158,170
(36) 53,455
21,748 -
232,077 (6,675)
(18,885) (1,398)
-
10,129
1,248
-
936,412
(66,970)
21,748
1 Januari/ January Aset/(liabilitas) pajak tangguhan: - Penyisihan kerugian penurunan nilai atas aset - Kerugian/(keuntungan) yang belum direalisasi atas perubahan nilai wajar efek-efek dan Obligasi Pemerintah - bersih - Penghapusbukuan pinjaman - Imbalan kerja karyawan yang masih harus dibayar - Penyusutan aset tetap - Penyisihan penurunan nilai agunan yang diambil alih
Deferred tax assets
31 Desember/December 2010 Dikreditkan ke laporan laba rugi Dikreditkan/ komprehensif (dibebankan ke konsolidasian/ laporan laba rugi Credited to konsolidasian/ consolidated Credited/(charged) statement of to consolidated comprehensive statement of income income
551,425
17,277
-
102,201 174,204
80 (16,034)
149,483 (17,136)
82,594 10,461
-
5,629
4,500
-
965,806
98,878
(128,272) -
(128,272)
* tidak diaudit
31 Maret/ March Deferred tax assets/ (liabilities): Allowance for impairment 467,348 losses on assets Unrealised losses/(gains) from changes in fair value of marketable securities and (4,279) Government Bonds - net 211,625 Loans written-offAccrued employee’s 213,192 benefits (8,073) Depreciation of fixed assets Allowance for impairement losses on 11,377 other receivables 891,190
Total deferred tax assets - net
31 Desember/ December Deferred tax assets/ (liabilities): Allowance for impairment 568,702 losses on assets Unrealised losses/(gains) from changes in fair value of marketable securities and (25,991) Government Bonds - net 158,170 Loans written-offAccrued employee’s 232,077 benefits (6,675) Depreciation of fixed assets Allowance for decline in value 10,129 of repossessed assets 936,412
Total deferred tax assets - net unaudited *
LAMPIRAN – 5/132- SCHEDULE
324
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
23. PAJAK PENGHASILAN (lanjutan) d.
23. INCOME TAX (continued)
Aset pajak tangguhan (lanjutan)
d.
Bank (lanjutan)
Bank (continued)
1 Januari/ January Aset/(liabilitas) pajak tangguhan: - Penyisihan kerugian penurunan nilai aset - Kerugian yang belum direalisasi atas perubahan nilai wajar efek-efek dan Obligasi Pemerintah - bersih - Penghapusbukuan pinjaman - Imbalan kerja karyawan yang masih harus dibayar - Penyusutan aset tetap - Penyisihan penurunan nilai agunan yang diambil alih Jumlah aset pajak tangguhan - bersih
31 Desember/December 2009 Dikreditkan ke laporan laba rugi Dikreditkan/ komprehensif (dibebankan ke konsolidasian/ laporan laba rugi Credited to konsolidasian/ consolidated Credited/(charged) statement of to consolidated comprehensive statement of income income
301,857
249,568
309,610 109,397
(13,117) 64,807
124,829 (8,439)
24,654 (8,697)
-
5,378
251
-
842,632
317,466
Anak Perusahaan
Jumlah aset pajak tangguhan bersih
-
(194,292) -
(194,292)
31 Desember/ December
5,629
Deferred tax assets/ (liabilities): Allowance for impairment losses on assets Unrealised losses from changes in fair value of marketable securities and Government Bonds - net Loan writen-off Accrued employee’s benefit Depreciation of fixed assets Allowance for decline in value of repossessed assets
965,806
Total deferred tax assets - net
551,425
102,201 174,204 149,483 (17,136)
Subsidiaries
1 Januari/ January Aset/(liabilitas) pajak tangguhan: - Penyisihan untuk Incurred But Not Yet Reported (IBNR) - Penyisihan kerugian penurunan nilai piutang lain-lain - Penyusutan aset tetap - Imbalan kerja karyawan yang masih harus dibayar - Lain-lain
Deferred tax assets (continued)
31 Maret/March 2011 Dikreditkan/ (dibebankan) ke laporan laba rugi konsolidasian/ Credited/ (charged) to consolidated statement of Reklasifikasi/ income Reclassification
31 Maret/ March
(148)
-
3,516
(742) (352)
(694)
742 194
(852)
12,427 (625)
(27) -
(2,883) 625
9,517 -
Deferred tax assets/ (liabilities): Provision for Incurred But Not Yet Reported (IBNR) Allowance for impairment losses on other receivables Depreciation of fixed assets Accrued employee’s benefits Others -
14,372
(869)
(1,322)
12,181
Total deferred tax assets - net
3,664
* tidak diaudit
unaudited * LAMPIRAN – 5/133- SCHEDULE
325
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
23. PAJAK PENGHASILAN (lanjutan) d.
23. INCOME TAX (continued)
Aset pajak tangguhan (lanjutan)
d.
Anak Perusahaan (lanjutan)
Deferred tax assets (continued) Subsidiaries (continued)
31 Desember/December 2010 Dikreditkan/ (dibebankan) ke laporan laba rugi konsolidasian/ Credited/ (charged) to consolidated statement of income
1 Januari/ January
31 Desember/ December
Aset/(liabilitas) pajak tangguhan: - Penyisihan untuk Incurred But Not Yet Reported (IBNR) - Penyisihan kerugian penurunan nilai piutang lain-lain - Penyusutan aset tetap - Imbalan kerja karyawan yang masih harus dibayar - Lain-lain
(139) (368)
(603) 16
(742) (352)
11,034 (123)
1,393 (502)
12,427 (625)
Jumlah aset pajak tangguhan bersih
14,474
(102)
14,372
4,070
(406)
3,664
Deferred tax assets/ (liabilities): Provision for Incurred But Not Yet Reported (IBNR) Allowance for impairment losses on other receivables Depreciation of fixed assets Accrued employee’s benefits Others Total deferred tax assets - net
31 Desember/December 2009
1 Januari/ January
Dikreditkan/ (dibebankan) ke laporan laba rugi konsolidasian/ Credited/ (charged) to consolidated statement of income
Reklasifikasi/ Reclassification
31 Desember/ December
Aset/(liabilitas) pajak tangguhan: - Penyisihan untuk Incurred But Not Yet Reported (IBNR) - Penyisihan kerugian penurunan nilai piutang lain-lain - Penyusutan aset tetap - Imbalan kerja karyawan yang masih harus dibayar - Lain-lain
655 (263)
(750) (115)
(44) 10
(139) (368)
4,853 474
6,308 (566)
(127) (31)
11,034 (123)
Jumlah aset pajak tangguhan bersih
7,406
7,260
(192)
14,474
1,687
2,383
* tidak diaudit
-
4,070
Deferred tax assets/ (liabilities): Provision for Incurred But Not Yet Reported (IBNR) Allowance for impairment losses on other receivables Depreciation of fixed assets Accrued employee’s benefits Others Total deferred tax assets - net
unaudited * LAMPIRAN – 5/134- SCHEDULE
326
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
23. PAJAK PENGHASILAN (lanjutan) e.
23. INCOME TAX (continued)
Liabilitas pajak tangguhan
e.
Deferred tax liabilities
Anak Perusahaan
Subsidiaries 31 Maret/March 2011 Dikreditkan/ (dibebankan) ke laporan laba rugi konsolidasian/ Credited/ (charged) to consolidated statement of income
1 Januari/ January Aset/(liabilitas) pajak tangguhan: - Beban tangguhan - Imbalan kerja karyawan yang masih belum dibayar - Penyusutan aset tetap - Penyisihan kerugian penurunan nilai piutang lain-lain - Promosi - Lain-lain Jumlah liabilitas pajak tangguhan - bersih
Reklasifikasi/ Reclassification
-
31 Maret/ March
(367,520)
(22,763)
50,326 (11,053)
(8,742) (200)
2,883 (194)
44,467 (11,447)
4,841 19,707 897
(19,200) 3,728 122
(742) (625)
(15,101) 23,435 394
(302,802)
(47,055)
1,322
(390,283)
(348,535)
Deferred tax assets/ (liabilities): Deferred charges Accrued employee’s benefits Depreciation of fixed assets Allowance for impairement losses on other receivables Promotion Others Total deferred tax liabilities - net
31 Desember/December 2010 Dikreditkan/ (dibebankan) ke laporan laba rugi konsolidasian/ Credited/ (charged) to consolidated statement of income
1 Januari/ January
Aset/(liabilitas) pajak tangguhan: - Beban tangguhan - Imbalan kerja karyawan yang masih belum dibayar - Penyusutan aset tetap - Penyisihan kerugian penurunan nilai piutang lain-lain - Promosi - Lain-lain Jumlah liabilitas pajak tangguhan - bersih
31 Desember/ December
(245,570)
(121,950)
(367,520)
34,426 (9,599)
15,900 (1,454)
50,326 (11,053)
1,643 116
3,198 19,707 781
4,841 19,707 897
(83,818)
(302,802)
(218,984)
* tidak diaudit
Deferred tax assets/ (liabilities): Deferred charges Accrued employee’s benefits Depreciation of fixed assets Allowance for impairement losses on other receivables Promotion Others Total deferred tax liabilities - net
unaudited * LAMPIRAN – 5/135- SCHEDULE
327
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
23. PAJAK PENGHASILAN (lanjutan) e.
23. INCOME TAX (continued)
Liabilitas pajak tangguhan (lanjutan)
e.
Anak Perusahaan (lanjutan)
Deferred tax liabilities (continued) Subsidiaries (continued)
31 Desember/December 2009
1 Januari/ January
Aset/(liabilitas) pajak tangguhan: - Beban tangguhan - Imbalan kerja karyawan yang masih harus dibayar - Penyusutan aset tetap - Penyisihan kerugian penurunan nilai piutang lain-lain - Lain-lain Jumlah liabilitas pajak tangguhan - bersih
f.
Dikreditkan/ (dibebankan) ke laporan laba rugi konsolidasian/ Credited/ (charged) to consolidated statement of income
Penyesuaian/ Adjustment
31 Desember/ December
(253,053)
5,596
1,887
(245,570)
27,730 (9,784)
6,696 185
-
34,426 (9,599)
21,508 321
(23,188) (205)
3,323 -
(213,278)
(10,916)
5,210
Administrasi
f.
Sesuai dengan peraturan perpajakan di Indonesia, Bank dan Anak Perusahaan melaporkan/ menyetorkan pajak untuk setiap perusahaan sebagai suatu badan hukum yang terpisah (pelaporan pajak penghasilan konsolidasi tidak diperbolehkan) berdasarkan prinsip self assessment. Fiskus dapat menetapkan/mengubah pajak-pajak tersebut dalam jangka waktu tertentu sesuai peraturan yang berlaku.
1,643 116 (218,984)
Deferred tax assets/ (liabilities): Deferred charges Accrued employee’s benefits Depreciation of fixed assets Allowance for impairement losses on other receivables Others Total deferred tax liabilities - net
Administration Under the taxation laws in Indonesia, the Bank and Subsidiaries submit/pay individual company tax returns (submission of consolidated income tax computation is not allowed) on the basis of self assessments. The tax authorities may assess or amend taxes within the statute of limitations, under prevailing regulations.
* tidak diaudit
unaudited * LAMPIRAN – 5/136- SCHEDULE
328
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
24. BEBAN YANG MASIH HARUS DIBAYAR DAN LIABILITAS LAIN-LAIN
24. ACCRUALS AND OTHER LIABILITIES
Informasi mengenai jatuh tempo beban yang masih harus dibayar dan liabilitas lain-lain diungkapkan pada Catatan 47d.
31 Desember/ December 2010 2009
31 Maret/ March 2011 Kompensasi beban penggabungan usaha 8 BTO Utang bunga Beban yang masih harus dibayar Penyisihan imbalan kerja karyawan (lihat Catatan 39) Liabilitas lain-lain - pinjaman subordinasi dan modal pinjaman (lihat Catatan 25 dan 26) Utang dividen Utang kepada dealer Pembelian efek-efek yang masih harus dibayar Premi option yang masih harus dibayar Provisi pinjaman diterima dimuka Utang reasuransi Estimasi klaim retensi sendiri Cadangan biaya lainnya Utang kepada merchant Setoran jaminan Pajak final Dana setoran Lain-lain
Information in respect of maturities of accruals and other liabilities is disclosed in Note 47d.
16,119 397,225 1,276,216
16,119 393,053 1,339,413
16,119 427,340 739,321
603,085
575,844
486,176
279,320 1,011,670 252,077
279,320 2,456 255,318
279,320 2,759 156,458
302,460 20,121 55,021 72,730 102,148 8,617 46,732 25,692 60,249 74,471 480,270
408 20,121 54,243 89,654 101,247 8,607 42,686 46,065 60,136 48,573 218,297
1,315 33,867 75,466 42,269 83,960 9,968 69,906 7,595 88,846 18,232 220,122
5,084,223
3,551,560
2,759,039
Compensation for merger costs 8 BTOs Interest payables Accrued expenses Provision for employee benefits (see Note 39) Other liabilities - subordinated debts and loan capital (see Notes 25 and 26) Dividend payable Payable to dealers Accrued purchase of marketable securities Accrued option premium Unearned fees and commissions Reinsurance payable Estimated own retention claims Other provisions Payable to merchant Security deposits Final tax Temporary fund Others
Saldo di atas terdiri atas beban yang masih harus dibayar dan liabilitas lain-lain dalam Rupiah sebesar Rp 4.748.487 dan mata uang asing sebesar Rp 335.736 (31 Desember 2010 : Rp 3.405.008 dan Rp 146.552 dan 2009 : Rp 2.681.998 dan Rp 77.041).
The above balance consists of accruals and other liabilities in Rupiah of Rp 4,748,487 and in foreign currencies of Rp 335,736 (31 December 2010 : Rp 3,405,008 and Rp 146,552 and 2009: Rp 2,681,998 and Rp 77,041).
Beban yang masih harus dibayar dan liabilitas lain-lain terdiri dari Dolar Amerika Serikat, Yen Jepang, Dolar Singapura, Euro, Dolar Australia dan Poundsterling Inggris (lihat Catatan 52).
Accruals and other liabilities in foreign currencies are denominated in United States Dollar, Japanese Yen, Singapore Dollar, Euro, Australian Dollar and Great Britain Poundsterling (see Note 52).
Kompensasi beban penggabungan usaha dengan 8 Bank Taken Over (BTO)
Compensation for merger costs with 8 Bank Taken Over (BTOs)
Kompensasi beban penggabungan usaha merupakan cadangan beban sehubungan dengan penggabungan usaha eks 8 BTO dengan Bank, yang antara lain terdiri dari beban pemutusan hubungan kerja, beban legal dan beban lindung nilai untuk menutupi risiko kerugian valuta asing.
Compensation for merger costs is a provision for expenditures incurred in relation to the Bank’s merger with 8 BTOs, consisting of, among others, termination of employees, legal costs and hedging costs to cover the foreign currency exposures.
Penggunaan cadangan kompensasi selama periode tiga bulan berakhir 31 Maret 2011 adalah sebesar Rp nihil (31 Desember 2010: Rp nihil dan 2009: Rp 1.404).
The utilization of this provision during the three-month periods ended 31 March 2011 was Rp nil (31 December 2010: Rp nil and 2009: Rp 1,404).
* tidak diaudit
unaudited * LAMPIRAN – 5/137- SCHEDULE
329
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
24. BEBAN YANG MASIH HARUS DIBAYAR DAN LIABILITAS LAIN-LAIN (lanjutan)
24. ACCRUALS AND OTHER LIABILITIES (continued)
Kompensasi beban penggabungan usaha dengan 8 Bank Taken Over (BTO) (lanjutan)
Compensation for merger costs with 8 Bank Taken Over (BTOs) (continued)
Bank telah mendapatkan persetujuan dari BPPN pada tanggal 30 Januari 2003 atas pertanggungjawaban penggunaan cadangan kompensasi beban ini sampai dengan tanggal 30 Nopember 2002. BPPN juga memberikan wewenang kepada Bank atas penggunaan sisa kompensasi merger.
The Bank obtained approval from IBRA on 30 January 2003 regarding the utilisation of this provision up to 30November 2002. IBRA also gave the authority to the Bank to utilise the remaining balance of this provision.
Beban yang masih harus dibayar
Accrued expenses
Akun ini terdiri dari cadangan untuk bonus karyawan sebesar Rp 43.255 (31 Desember 2010: Rp 215.559 dan 2009: Rp 151.816) dan sisanya merupakan cadangan untuk beban operasional Bank dan Anak Perusahaan.
This account represents an accrual for employees’ bonus of Rp 43,255 (31 December 2010: Rp 215,559 and 2009: Rp 151,816) and the remainder represents accruals in relation to operational costs of the Bank and Subsidiaries.
Utang kepada dealer
Payable to dealers
Utang kepada dealer merupakan liabilitas Anak Perusahaan kepada dealer atas nasabah-nasabah yang telah memperoleh persetujuan kredit dan pihak dealer telah menyerahkan kendaraan yang dibiayai kepada nasabah tersebut.
Payables to dealers represent the Subsidiary’s liabilities to dealers for the approved consumer financing contracts, where the dealers have delivered the vehicles to the customers.
Utang kepada merchant
Payable to merchants
Akun ini merupakan utang kepada merchant dalam rangka transaksi kartu kredit.
This account represents payable to merchants in relation to credit card transactions.
25. PINJAMAN SUBORDINASI
25. SUBORDINATED DEBTS
Informasi mengenai jatuh tempo diungkapkan pada Catatan 47d.
31 Desember/ December 2010 2009
31 Maret/ March 2011 Pinjaman subordinasi Pinjaman subordinasi dipindahkan ke akun liabilitas lain-lain Jumlah pinjaman subordinasi
Information in respect of maturities is disclosed in Note 47d.
624,320
624,320
624,320
(124,320)
(124,320)
(124,320)
500,000
500,000
500,000
Subordinated loans Subordinated loans reclassified to other liabilities Total subordinated debts
Informasi mengenai klasifikasi dan nilai wajar pinjaman subordinasi diungkapkan pada Catatan 48.
Information with regards to the classification and fair value of subordinated debts was disclosed in Note 48.
Saldo sebesar Rp 624.320 (31 Desember 2010 dan 2009: Rp 624.320) merupakan pinjaman subordinasi yang diperoleh Bank dari BI dan pemegang saham BTO yang bergabung dengan Bank. Pinjaman ini akan jatuh tempo pada berbagai tanggal dan terakhir pada tahun 2017 dengan tingkat suku bunga kontraktual setahun sebesar 10% (31 Desember 2010 dan 2009: 10%).
Balance of Rp 624,320 (31 December 2010 and 2009: Rp 624,320) represents subordinated debts received by the Bank from BI and the former shareholders of BTO banks which merged with the Bank. These loans will mature on various dates, the latest in 2017 and bear annual contractual interest rates at 10% (31 December 2010 and 2009: 10%).
* tidak diaudit
unaudited * LAMPIRAN – 5/138- SCHEDULE
330
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
25. PINJAMAN SUBORDINASI (lanjutan)
25. SUBORDINATED DEBTS (continued)
Pada tanggal 13 Januari 2011, Bank and BI telah menandatangani addendum atas perjanjian pinjaman subordinasi ini dimana Bank setuju untuk mempercepat pembayaran angsuran pokok dan bunga berjalan sampai dengan 31 Desember 2011. Selain itu, selisih bunga capping akibat percepatan pelunasan pokok pinjaman ini akan dibebankan dan dibayar setiap semester mulai dari 31 Desember 2010 sampai dengan 31 Desember 2013.
On 13 January 2011, the Bank and BI signed an addendum to current existing subordinated loan agreement where the Bank agreed to accelerate the payment of principal and interest up to 31 December 2011. The different of interest capping due to this accelerated of principal payment will be charged and paid semi annually starting from 31 December 2010 up to 31 December 2013.
Suku bunga efektif rata-rata tertimbang setahun untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 adalah 15,03% (31 Desember 2010: 10,14% dan 2009: tingkat suku bunga rata-rata tertimbang 10,14%).
Weighted average effective interest rate per annum for the three-month period ended 31 March 2011 was 15.03% (31 December 2010: 10.14% and 2009: weighted average interest rate 10.14%).
Pinjaman subordinasi sebesar Rp 124 miliar merupakan pinjaman yang diperoleh pada tahun 1996 oleh PT Bank Duta Tbk (“Bank Duta”), yang merupakan salah satu dari Bank BTO yang merger dengan Bank pada tahun 2000, dari eks pemegang saham Bank Duta terdahulu. Pinjaman subordinasi ini telah dibukukan sebagai liabilitas di laporan keuangan Bank, dengan nama “Pinjaman Subordinasi”, sebagai konsekuensi dari merger, sejak tanggal 30 Juni 2000, yang merupakan tanggal efektif merger. Pada tanggal 31 Desember 2007 pinjaman subordinasi ini dipindahkan ke akun liabilitas lain-lain (lihat Catatan 24).
Subordinated loans of Rp 124 billion were loans received in 1996 by PT Bank Duta Tbk (“Bank Duta”), being one of the BTO banks merged into the Bank in 2000, from Bank Duta’s former shareholders. These subordinated loans have been recorded as liabilities in the Bank’s financial statements, as “Subordinated Debts”, as a consequence of the merger, since 30June 2000, being the effective date of merger. As at 31 December 2007, these subordinated loans were reclassified as other liabilities (see Note 24).
Alasan dari reklasifikasi tersebut adalah sebagai berikut:
The reasons for the reclassification are as follows:
a.
a.
Sehubungan dengan pinjaman subordinasi ini, Bank telah menerima, antara lain, surat dari Menteri Keuangan Republik Indonesia (“MenKeu”) tanggal 17 Januari 2007. Dalam surat tersebut, MenKeu telah meminta Bank untuk membayar kepada Negara/Pemerintah Republik Indonesia sejumlah uang yang jumlahnya sama dengan jumlah pinjaman subordinasi ini sebagai kelebihan rekapitalisasi oleh Pemerintah. Surat tersebut juga menyebutkan bahwa pinjaman subordinasi ini merupakan bagian dari modal pelengkap yang seharusnya ikut tergerus dalam rangka rekapitalisasi Bank Duta. Bank telah menerima beberapa surat lainnya dari MenKeu sehubungan dengan pinjaman subordinasi ini, termasuk surat tertanggal 23 Oktober 2007, dimana MenKeu mengulangi permintaannya agar Bank membayar sejumlah uang yang jumlahnya sama dengan jumlah pinjaman subordinasi kepada Negara/Pemerintah.
In connection with these subordinated loans, the Bank has received, inter alia, a letter from the Ministry of Finance of the Republic of Indonesia (“MoF”) dated 17 January 2007. In that letter, MoF has requested that the Bank pay to the State/Government of the Republic of Indonesia an amount equivalent to the amount of these subordinated loans as excess of recapitalization by the Government. The letter also stated that these subordinated loans constituted part of supplemental capital that should have been “tergerus” (eliminated-set off) in the framework of recapitalization of Bank Duta. The Bank has received other letters from MoF in relation to these subordinate loans, including a letter dated 23 October 2007, in which MoF repeated its request that the Bank pay an amount equal to the amount of these subordinated loans to the State/Government.
* tidak diaudit
unaudited * LAMPIRAN – 5/139- SCHEDULE
331
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
25. PINJAMAN SUBORDINASI (lanjutan)
25. SUBORDINATED DEBTS (continued)
b.
Dengan mempertimbangkan permintaan yang berulang dari MenKeu, pada tanggal 13Desember 2007 Bank telah membayar sejumlah uang yang jumlahnya sama dengan jumlah pinjaman subordinasi ini kepada Negara/Pemerintah, dengan pengertian bahwa pembayaran tersebut merupakan pembayaran atas pinjaman subordinasi ini.
b.
In view of the repeated requests from MoF, on 13December 2007 the Bank has paid an amount equal to the amount of these subordinated loans to the State/Government, on the understanding that such payment constitutes payment of these subordinated loans.
c.
Sehubungan dengan pembayaran tersebut di atas, maka pinjaman subordinasi ini telah dipindahkan ke akun liabilitas lain-lain dan pembayaran kepada Negara/Pemerintah sebagaimana disebutkan pada item b di atas telah dicatat sebagai aset lain-lain (lihat Catatan 17), sampai terdapat keputusan final dari pengadilan yang kompeten sehubungan dengan pinjaman subordinasi ini. Sampai dengan 31 Maret 2011 Bank sedang mengikuti proses persidangan dalam menghadapi gugatan dari pihak ketiga di Pengadilan Tinggi Jakarta.
c.
In view of the above payment, these subordinated loans have been reclassified as other liabilities and the payment to the State/Government as mentioned in point b above has been recorded as other assets (see Note 17), until there is a final binding decision of the competent court in respect of these subordinated loans. Until 31 March 2011 the Bank is attending the court to counter a claim from third party at Jakarta High Court.
d. Pada tanggal 5 Maret 2009, Yayasan Supersemar, Dakab dan Dharmais mendaftarkan gugatan perbuatan melawan hukum terhadap Bank di Pengadilan Negeri Jakarta Selatan dengan alasan pinjaman subordinasi adalah hak Yayasan Supersemar, Dakab dan Dharmais dan oleh karenanya wajib dikembalikan kepada Yayasan Supersemar, Dakab dan Dharmais.
d.
On 5 March 2009, Yayasan Supersemar, Dakab and Dharmais have submitted a legal claim to the Bank through South Jakarta District Court for Unlawful Act with the reason that this subordinated loans are the right of Yayasan Supersemar, Dakab and Dharmais and therefore have to be repaid to Yayasan Supersemar, Dakab and Dharmais.
Sementara itu, MenKeu pada tanggal 23 Juli 2009 telah mengajukan Gugatan Intervensi untuk dapat diikutsertakan sebagai pihak dalam perkara ini dengan dasar bahwa objek perkara (Rp 124 miliar) yang telah dialihkan ke rekening Bendahara Umum Negara di Bank Indonesia adalah sah milik Pemerintah Republik Indonesia karena merupakan kelebihan dana rekapitalisasi oleh Pemerintah.
Meanwhile, on 23 July 2009, MoF has filed an Intervention Suit to request to be included as a party in this case with the basis that the object of the case (Rp 124 billion) which had been transferred to Bendahara Umum Negara account at Bank Indonesia is legally owned by the Government of Republic of Indonesia as these subordinated loans were considered as excess of recapitalization.
* tidak diaudit
unaudited * LAMPIRAN – 5/140- SCHEDULE
332
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
25. PINJAMAN SUBORDINASI (lanjutan)
25. SUBORDINATED DEBTS (continued)
Pada tanggal 28 Januari 2010, Majelis Hakim Pengadilan Negeri Jakarta Selatan telah membacakan putusannya yang diberitahukan melalui Pengadilan Negeri Jakarta Selatan kepada Bank pada tanggal 5 Agustus 2010. Adapun isi keputusan tersebut adalah tidak menerima gugatan intervensi MenKeu tersebut diatas dan tidak menerima gugatan Yayasan Supersemar, Dakab dan Dharmais terhadap Bank. Atas keputusan tersebut MenKeu maupun Yayasan Supersemar, Dakab dan Dharmais telah mengajukan banding pada Pengadilan Negeri Jakarta Selatan. Saat ini perkara masih dalam proses pemeriksaan tingkat banding di Pengadilan Tinggi Jakarta.
On 28 January 2010, Panel of judges of South Jakarta District Court has made a decision which inform through South Jakarta District Court to the Bank on 5 August 2010. The decision was to refuse the intervention suit of MoF and to refuse the suit of Yayasan Supersemar, Dakab and Dharmais to the Bank. As a result of the above decision, MoF and Yayasan Supersemar, Dakab and Dharmais have filed their appeal to South Jakarta District Court. Currently, the case is still in process in the Jakarta High Court.
Surat berharga subordinasi
Subordinated notes
Pada tanggal 30 Maret 2004, Bank melalui cabang Cayman Islands menerbitkan surat berharga subordinasi sebesar USD 300 juta dan dicatatkan di Singapore Stock Exchange. Surat berharga ini adalah kewajiban subordinasi Bank dan bersifat unsecured. Surat berharga ini akan jatuh tempo pada tanggal 30 Maret 2014 dengan opsi pelunasan tanggal 30Maret 2009.
On 30 March 2004, the Bank through its Cayman Islands branch, issued USD 300 million subordinated notes listed on the Singapore Stock Exchange. These notes are unsecured and subordinated to all other obligations of the Bank. These notes will mature on 30 March 2014, with an optional redemption on 30March 2009.
Amortisasi yang dibebankan ke laporan laba rugi konsolidasian selama tahun yang berakhir pada tanggal 31 Desember 2009 sebesar Rp 477.
Amortization charged to the consolidated statements of income during the year ended 31 December 2009 was Rp 477.
Surat berharga ini memiliki tingkat suku bunga kontraktual tetap sebesar 7,65% per tahun, dibayarkan setiap enam bulan setiap tanggal 30 Maret dan 31 Desember tiap tahunnya. Kecuali dilunasi pada tanggal 30 Maret 2009, tingkat bunga akan ditentukan kembali berdasarkan tingkat bunga Tresuri Amerika Serikat untuk jangka waktu 5 tahun ditambah 7,62% (762 poin) per tahun mulai dari tanggal tersebut. Wali amanat untuk penerbitan surat berharga ini adalah DB Trustees (Hong Kong) Limited.
The notes bear interest at a fixed contractual rate of 7.65% per annum, payable semi-annually in arrears on 30 March and 31 December each year. Unless redeemed on 30March 2009, the interest rate will be reset at the 5years US Treasury rate plus 7.62% (762 points) per annum from that date. The trustee of these notes is DB Trustees (Hong Kong) Limited.
Pada tanggal 30 Maret 2009, Bank melunasi surat berharga subordinasi sebesar USD 300 juta.
On 30 March 2009, the Bank settled its subordinated notes of USD 300 million.
* tidak diaudit
unaudited * LAMPIRAN – 5/141- SCHEDULE
333
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
26. MODAL PINJAMAN
26. LOAN CAPITAL
Bank menerima modal pinjaman sebesar Rp 155.000 pada tahun 1997 dari PT Danamon International, eks pemegang saham pengendali Bank. Modal pinjaman ini telah dibukukan sebagai liabilitas di laporan keuangan Bank sejak tahun 1997, dengan nama “Modal Pinjaman“. Pada tanggal 31 Desember 2007, modal pinjaman ini telah dipindahkan ke liabilitas lain-lain (lihat Catatan 24).
The Bank received a loan capital of Rp 155,000 in 1997 from PT Danamon International, a former controlling shareholder of the Bank. This loan capital has been recorded as a liability in the Bank’s financial statements since 1997, as a “Loan Capital”. As at 31December 2007, this loan capital was reclassified as other liabilities (see Note 24).
Alasan dari reklasifikasi tersebut adalah sebagai berikut:
The reasons for the reclassification are as follows:
a.
Sehubungan dengan modal pinjaman ini, Bank telah menerima, antara lain surat dari Menteri Keuangan Republik Indonesia (“MenKeu”) tanggal 23 April 2007. Dalam surat tersebut, MenKeu telah meminta Bank untuk membayar kepada Negara/Pemerintah Republik Indonesia sejumlah uang yang jumlahnya sama dengan jumlah modal pinjaman ini sebagai kelebihan rekapitalisasi oleh Pemerintah. Surat tersebut juga menyebutkan bahwa modal pinjaman ini merupakan bagian dari modal pelengkap yang seharusnya diperhitungkan dalam kerugian Bank tahun 1998, sebelum terjadinya rekapitalisasi Bank oleh Pemerintah. Bank telah menerima beberapa surat lainnya dari MenKeu sehubungan dengan modal pinjaman ini, termasuk surat tertanggal 23 Oktober 2007, dimana MenKeu mengulangi permintaannya agar Bank membayar sejumlah uang yang jumlahnya sama dengan modal pinjaman kepada Negara/Pemerintah.
a.
In connection with this loan capital, the Bank has received, inter alia, a letter from the Ministry of Finance of Republic of Indonesia (“MoF”) dated 23 April 2007. In that letter, MoF has requested that the Bank pay to the State/Government of the Republic of Indonesia an amount equivalent to the amount of the loan capital as excess of recapitalization by the Government. The letter also stated that this loan capital constituted part of supplemental capital that should have been set off against the losses of the Bank in 1998, prior to the recapitalization of the Bank by the Government. The Bank has received other letters from MoF in relation to this loan capital, including a letter dated 23 October 2007, in which MoF repeated its request that the Bank pay an amount equal to the amount of this loan capital to the State/Government.
b.
Dengan mempertimbangkan permintaan yang berulang dari MenKeu, pada tanggal 13Desember 2007 Bank telah membayar sejumlah uang yang jumlahnya sama dengan jumlah modal pinjaman ini kepada Negara/Pemerintah, dengan pengertian bahwa pembayaran tersebut merupakan pembayaran atas modal pinjaman ini.
b.
In view of the repeated requests from MoF, on 13December 2007 the Bank has paid an amount equal to the amount of this loan capital to the State/Government, on the understanding that such payment constitutes payment of this loan capital.
c.
Sehubungan dengan pembayaran tersebut di atas, maka modal pinjaman ini telah dipindahkan ke akun liabilitas lain-lain dan pembayaran kepada Negara/Pemerintah sebagaimana disebutkan pada item b di atas telah dicatat sebagai aset lainlain (lihat Catatan 17), kecuali terdapat keputusan final dari pengadilan yang kompeten sehubungan dengan modal pinjaman ini.
c.
In view of the above payment, this loan capital is reclassified as other liabilities and the payment to the State/Government as mentioned in point b above has been recorded as other assets (see Note 17), unless there is a final binding decision of the competent court in respect of this loan capital.
* tidak diaudit
unaudited * LAMPIRAN – 5/142- SCHEDULE
334
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
27. MODAL SAHAM
27. SHARE CAPITAL 31 Maret/March 2011
Pemegang saham Saham Seri A (nilai nominal Rp 50.000 (nilai penuh) per saham) Masyarakat (kepemilikan di bawah 5%) Saham Seri B (nilai nominal Rp 500 (nilai penuh) per saham) Asia Financial (Indonesia) Pte.Ltd. JPMCB - Franklin Templeton Investment Funds Masyarakat (kepemilikan di bawah 5%) Komisaris dan Direksi
Jumlah saham ditempatkan dan disetor penuh/ Number of shares issued and fully paid
Persentase kepemilikan/ Percentage of ownership
22,400,000
Jumlah nominal/ Nominal value
0.27%
1,120,000
5,674,493,482
67.41%
2,837,247
473,958,470
5.63%
236,979
2,223,960,627 23,030,887
26.42% 0.27%
1,111,980 11,516
8,395,443,466
99.73%
4,197,722
8,417,843,466
100.00%
5,317,722
Shareholders A Serie shares (par value Rp 50,000 (full amount) per share) Public (ownership interest below 5%)
B Serie shares (par value Rp 500 (full amount) per share) Asia Financial (Indonesia) Pte.Ltd. JPMCB - Franklin Templeton Investment Funds Public (ownership interest below 5%) Commissioners and Directors
31 Desember/December 2010
Pemegang saham Saham Seri A (nilai nominal Rp 50.000 (nilai penuh) per saham) Masyarakat (kepemilikan di bawah 5%) Saham Seri B (nilai nominal Rp 500 (nilai penuh) per saham) Asia Financial (Indonesia) Pte.Ltd. Masyarakat (kepemilikan di bawah 5%) Komisaris dan Direksi
Jumlah saham ditempatkan dan disetor penuh/ Number of shares issued and fully paid
Persentase kepemilikan/ Percentage of ownership
22,400,000
0.27%
Jumlah nominal/ Nominal value
1,120,000
Shareholders A Serie shares (par value Rp 50,000 (full amount) per share) Public (ownership interest below 5%)
5,674,493,482
67.42%
2,706,439,097 13,792,887
32.15% 0.16%
B Serie shares (par value Rp 500 (full amount) per share) Asia Financial (Indonesia) 2,837,247 Pte.Ltd. Public (ownership interest 1,353,220 below 5%) 6,896 Commissioners and Directors
8,394,725,466
99.73%
4,197,363
8,417,125,466
100.00%
5,317,363
* tidak diaudit
unaudited * LAMPIRAN – 5/143- SCHEDULE
335
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
27. MODAL SAHAM (lanjutan)
27. SHARE CAPITAL (continued) 31 Desember/December 2009
Pemegang saham
Jumlah saham ditempatkan dan disetor penuh/ Number of shares issued and fully paid
Saham Seri A (nilai nominal Rp 50.000 (nilai penuh) per saham) Masyarakat (kepemilikan di bawah 5%) Saham Seri B (nilai nominal Rp 500 (nilai penuh) per saham) Asia Financial (Indonesia) Pte.Ltd. Masyarakat (kepemilikan di bawah 5%) Komisaris dan Direksi
Persentase kepemilikan/ Percentage of ownership
Jumlah nominal/ Nominal value
0.27%
22,400,000
1,120,000
Shareholders A Series shares (par value Rp 50,000 (full amount) per share) Public (ownership interest below 5%)
5,674,493,482
67.63%
2,679,709,747 13,779,887
31.94% 0.16%
B Series shares (par value Rp 500 (full amount) per share) Asia Financial (Indonesia) 2,837,247 Pte.Ltd. Public (ownership interest 1,339,855 below 5%) 6,890 Commissioners and Directors
8,367,983,116
99.73%
4,183,992
8,390,383,116
100.00%
5,303,992
Pada periode Januari - Maret 2011, jumlah saham ditempatkan dan disetor penuh bertambah sebanyak 718.000 saham. Hal ini disebabkan oleh adanya program E/MSOP (lihat Catatan 40).
During the period January - March 2011, the total number of issued and fully paid increased by 718,000 shares. This due to the E/MSOP program (see Note 40).
Pemegang saham akhir AFI adalah Temasek Holding Pte.Ltd., sebuah perusahaan investasi yang berkedudukan di Singapura dan dimiliki oleh Departemen Keuangan Singapura.
The ultimate shareholder of AFI is Temasek Holding Pte.Ltd., an investment holding company based in Singapore which is wholly owned by the Ministry of Finance of Singapore.
28. PENGGUNAAN LABA BERSIH
28. APPROPRIATION OF NET INCOME
Penggunaan laba bersih untuk tiga tahun buku terakhir adalah sebagai berikut:
The appropriation of net income for the last three financial years was as follows:
Laba bersih untuk tahun buku/ Net Income of financial year 2010
Pembagian dividen tunai Pembentukan cadangan umum dan wajib Saldo laba
2009
2008
1,009,213
766,300
765,012
28,836 1,845,419
15,324 750,909
15,300 749,710
2,883,468
1,532,533
1,530,022
* tidak diaudit
Distribution of cash dividend Appropriation for general and legal reserve Retained earnings
unaudited * LAMPIRAN – 5/144- SCHEDULE
336
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
28. PENGGUNAAN LABA BERSIH (lanjutan)
28. APPROPRIATION OF NET INCOME (continued)
Rapat Umum Pemegang Saham Tahunan (RUPS Tahunan) yang diadakan pada tanggal 30 Maret 2011, memutuskan pembagian dividen tunai untuk tahun buku 2010 sebesar 35% dari laba bersih atau sejumlah Rp 1.009.213 atau Rp 119,83 (nilai penuh) per saham seri A dan seri B dan pembentukan penyisihan cadangan umum dan wajib sebesar Rp 28.836 dengan asumsi bahwa jumlah saham yang beredar pada saat pembagian dividen tidak lebih dari 8.422.321.466 lembar saham.
The Annual General Meeting of Shareholders (Annual GMS) which was held on 30 March 2011, resolved the cash dividend distribution for the 2010 financial year of 35% of the net profit or in amount of Rp 1,009,213 or Rp 119.83 (full amount) per share for A series and B series shares and the allocation for general and legal reserves of Rp 28,836 with the assumption that total issued shares as of dividend distribution date will not exceed 8,422,321,466 shares.
Sesuai dengan surat Bank kepada BapepamLK No.B.198-Corp.Sec tanggal 27 April 2011, jumlah saham yang beredar pada tanggal 27 April 2011 adalah 8.419.096.466 lembar saham, sehingga dividen per saham yang akan dibagikan pada tanggal 10 Mei 2011 adalah sebesar Rp 119,87 (nilai penuh) per saham seri A dan seri B atau jumlah dividen tunai adalah Rp 1.009.197.
In accordance with the Bank’s letter to Bapepam-LK No.B.198-Corp.Sec dated 27 April 2011, total issued shares as of 27 April 2011 amounted to 8,419,096,466 shares; therefore, dividend to be distributed on 10 May 2011 amounted to Rp 119.87 (full amount) per share for A series and B series shares or total cash dividend of Rp 1,009,197.
Rapat Umum Pemegang Saham Tahunan (RUPS Tahunan) yang diadakan pada tanggal 29 April 2010, memutuskan pembagian dividen tunai untuk tahun buku 2009 sebesar 50% dari laba bersih atau sejumlah Rp 766.267 atau Rp 90,97 (nilai penuh) per saham seri A dan seri B dan pembentukan penyisihan cadangan umum dan wajib sebesar Rp 15.324 dengan asumsi bahwa jumlah saham yang beredar pada saat pembagian dividen tidak lebih dari 8.423.111.616 lembar saham.
The Annual General Meeting of Shareholders (Annual GMS) which was held on 29 April 2010, resolved the cash dividend distribution for the 2009 financial year of 50% of the net profit or in amount of Rp 766,267 or Rp 90.97 (full amount) per share for A series and B series shares and the allocation for general and legal reserves of Rp 15,324 with the assumption that total issued shares as of dividend distribution date will not exceed 8,423,111,616 shares.
Sesuai dengan surat Bank kepada Bapepam-LK No.B.323-Corp.Sec tanggal 26 Mei 2010, jumlah saham yang beredar pada tanggal 26 Mei 2010 adalah 8.409.801.516 lembar saham, sehingga dividen per saham yang dibagikan pada tanggal 10 Juni 2010 adalah sebesar Rp 91,12 (nilai penuh) per saham seri A dan seri B atau jumlah dividen tunai adalah Rp 766.300.
In accordance with the Bank’s letter to Bapepam-LK No.B.323-Corp.Sec dated 26 May 2010, total issued shares as of 26 May 2010 amounted to 8,409,801,516 shares; therefore, dividend to be distributed on 10 June 2010 amounted to Rp 91.12 (full amount) per share for A series and B series shares or total cash dividend of Rp 766,300.
RUPS Tahunan yang diadakan pada tanggal 25 Mei 2009, memutuskan pembagian dividen tunai untuk tahun buku 2008 sebesar 50% dari laba bersih atau sejumlah Rp 765.012 atau Rp90,82 (nilai penuh) per saham seri A dan seri B dan pembentukan penyisihan cadangan umum dan wajib sebesar Rp15.300 dengan asumsi bahwa jumlah saham yang beredar pada saat pembagian dividen tidak lebih dari 8.423.625.816 lembar saham.
The Annual GMS which was held at 25 May 2009, resolved the cash dividend distribution for the year 2008 by 50% of the net profit or in amount of Rp 765,012 or Rp 90.82 (full amount) per share for A series and B series shares and the allocation for general and legal reserves of Rp 15,300 with the assumption that total issued shares as of dividend distribution date will not exceed 8,423,625,816 shares.
* tidak diaudit
unaudited * LAMPIRAN – 5/145- SCHEDULE
337
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
28. PENGGUNAAN LABA BERSIH (lanjutan)
28. APPROPRIATION OF NET INCOME (continued)
RUPS Tahunan tanggal 25 Mei 2009 selanjutnya menetapkan besaran tantiem Dewan Komisaris dan Direksi dalam agenda mengenai Penetapan gaji dan tunjangan lain untuk anggota Dewan Komisaris Bank dan Penetapan gaji dan/atau penghasilan lainnya dari anggota Direksi Bank, sehingga menjadi bagian terpisah dari agenda mengenai penggunaan laba bersih Bank untuk tahun buku 2008.
The Annual GMS on 25 May 2009 has further determined total tantiem to Board of Commissioners and Board of Directors, which are resolved under the agenda of Determination of remuneration and other allowances for Board of Commissioners of the Bank and Determination of remuneration and/or other allowances of the members of Board of Directors of the Bank, therefore it has been separated from the agenda of appropriation of the Bank’s net income for the 2008 financial year.
Sesuai dengan surat Bank kepada Bapepam-LK No.B.333-Corp.Sec tanggal 24 Juni 2009, jumlah saham yang beredar pada tanggal 23 Juni 2009 adalah 8.373.381.616 lembar saham, sehingga dividen per saham yang dibagikan pada tanggal 7 Juli 2009 adalah sebesar Rp 91,37 (nilai penuh) per saham seri A dan seri B atau jumlah dividen tunai adalah Rp 765.077.
In accordance with the Bank’s letter to Bapepam-LK No.B.333-Corp.Sec dated 24 June 2009, total issued shares as of 23 June 2009 amounted to 8,373,381,616 shares; therefore, dividend to be distributed on 7 July 2009 in amount of Rp 91.37 (full amount) per share for A series and B series shares or total cash dividend of Rp 765,077.
29. CADANGAN UMUM DAN WAJIB
29. GENERAL AND LEGAL RESERVE
Pada tanggal 31 Maret 2011, Bank telah membentuk penyisihan cadangan umum dan wajib sebesar Rp 162.680 (31 Desember 2010: Rp 133.844 dan 2009: Rp 118.520). Cadangan umum dan wajib ini dibentuk sehubungan dengan Undang-Undang Republik Indonesia No.1/1995 yang telah digantikan dengan Undang-Undang No.40/2007 efektif tanggal 16 Agustus 2007 mengenai Perseroan Terbatas, yang mengharuskan perusahaan-perusahaan untuk membuat penyisihan cadangan umum sebesar sekurang-kurangnya 20% dari jumlah modal yang ditempatkan dan disetor penuh. Undang-undang tersebut tidak mengatur jangka waktu untuk penyisihan tersebut. 30. PENDAPATAN BUNGA
As at 31 March 2011, the Bank had a general and legal reserve of Rp 162,680 (31 December 2010: Rp 133,844 and 2009: Rp 118,520). This general and legal reserve was provided in relation with the Law of Republic Indonesia No.1/1995 which has been replaced with the Law No.40/2007 effective on 16 August 2007 regarding the Limited Liability Company which requires companies to set up a general reserve amounting to at least 20% of the issued and paid up share capital. There is no timeline over which this amount should be provided.
30. INTEREST INCOME
Pendapatan bunga dari pihak-pihak diungkapkan pada Catatan 44g.
berelasi
31 Maret/March 2011 2010* Pinjaman yang diberikan Obligasi Pemerintah Efek-efek dan tagihan lainnya Pendapatan pembiayaan konsumen Penempatan pada bank lain dan BI
Interest income from related parties are disclosed in Note 44g. 31 Desember/December 2010 2009
2,886,105 103,482
2,555,717 205,803
10,835,560 674,724
10,782,801 1,122,854
181,649 756,942
65,642 567,125
232,952 2,405,854
554,041 2,997,356
39,460
46,109
268,655
225,725
3,967,638
3,440,396
14,417,745
15,682,777
* tidak diaudit
Loans Government Bonds Marketable securities and other bills receivable Consumer financing income Placements with other banks and BI
unaudited * LAMPIRAN – 5/146- SCHEDULE
338
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
30. PENDAPATAN BUNGA (lanjutan)
30. INTEREST INCOME (continued)
Selama periode tiga bulan yang berakhir 31 Maret 2011, amortisasi dari beban yang terkait langsung dari perolehan nasabah (“biaya transaksi”) sebesar Rp 421.689 disajikan sebagai pengurang dari pendapatan bunga (31 Maret 2010: Rp 282.073 dan 31 Desember 2010: Rp 1.380.395).
During the three-month period ended 31 March 2011, the amortization of costs directly incurred in acquiring customers (“transaction cost”) amounting to Rp 421,689 was recorded as a deduction of interest income (31 March 2010: Rp 282,073 and 31 December 2010: Rp 1,380,395).
Selama periode tiga bulan yang berakhir 31 Maret 2011, jumlah pendapatan bunga yang dihitung dengan menggunakan metode suku bunga efektif yang dilaporkan di atas, yang terkait dengan aset keuangan yang tidak diukur pada nilai wajar melalui laporan laba rugi adalah sebesar Rp 3.964.079 (31 Maret 2010: Rp 3.430.465; 31 Desember 2010: Rp 14.383.437 dan 2009: Rp 15.630.243).
During the three-month period ended 31 March 2011, total interest income calculated using the effective interest method reported above that relate to financial assets not carried at fair value through profit or loss amounted to Rp 3,964,079 (31 March 2010: Rp 3,430,465; 31 December 2010: Rp 14,383,437 and 2009: Rp 15,630,243).
31. BEBAN BUNGA
31. INTEREST EXPENSE
Beban bunga kepada pihak-pihak berelasi diungkapkan pada Catatan 44h.
Interest expense to related parties is disclosed in Note 44h.
31 Maret/March 2011 2010* Simpanan nasabah Pinjaman yang diterima dan simpanan dari bank lain Obligasi yang diterbitkan (lihat Catatan 21) Beban asuransi penjaminan simpanan
31 Desember/December 2010 2009
1,020,522
827,850
3,468,581
5,088,464
137,246
122,129
631,132
723,490
160,012
63,428
272,124
263,283
41,283
32,840
137,458
145,579
1,359,063
1,046,247
4,509,295
6,220,816
32. PENDAPATAN DAN BEBAN PROVISI DAN KOMISI
32. FEES AND EXPENSE
Deposits from customers Borrowings and deposits from other banks Bonds issued (see Note 21) Deposit insurance guarantee expense
COMMISSIONS
INCOME
AND
Selama periode tiga bulan berakhir 31 Maret 2011, termasuk di dalam pendapatan provisi dan komisi adalah provisi terkait dengan kegiatan perkreditan sebesar Rp 23.643 (31 Maret 2010: Rp 23.384 dan 31 Desember 2010: Rp 89.730 dan 2009: Rp 189.940) dan komisi atas jasa yang dilakukan sebesar 121.147 (31 Maret 2010: Rp 137.946 dan 31 Desember 2010: Rp 598.447 dan 2009: Rp 446.800).
During the three-month period ended 31 March 2011, included in fees and commissions income are credit related fees amounted to Rp 23,643 (31 March 2010: Rp 23,384 and 31 December 2010: Rp 89,730 and 2009: Rp 189,940) and services commissions amounted to Rp 121,147 (31 March 2010: Rp 137,946 and 31 December 2010: Rp 598,447 and 2009: Rp 446,800).
Untuk tahun yang berakhir 31 Desember 2009, amortisasi biaya transaksi Anak Perusahaan sebesar Rp 955.837 dicatat sebagai bagian dari beban provisi dan komisi, sedangkan untuk periode tiga bulan yang berakhir 31 Maret 2011 dan 2010, dan tahun yang berakhir 31 Desember 2010 dicatat sebagai pengurang dari pendapatan bunga masing-masing sebesar Rp 404.525 dan Rp 261.328, dan Rp 1.301.211.
For the year ended 31 December 2009, amortization of the subsidiaries’ transaction cost amounted to Rp 955,837 was recorded as part of fees and commissions expense, meanwhile for the three-month periods ended 31 March 2011 and 2010, and year ended 31 December 2010 was recorded as a deduction of interest income amounting to Rp 404,525 and Rp 261,328, and Rp 1,301,211, respectively.
* tidak diaudit
unaudited * LAMPIRAN – 5/147- SCHEDULE
339
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
33. IMBALAN JASA
33. FEES 31 Maret/March 2011 2010*
Imbalan administrasi Transaksi kartu kredit Lain-lain
31 Desember/December 2010 2009
504,280 54,303 18,038
347,160 34,172 24,462
1,904,254 150,609 70,172
1,197,096 126,201 103,327
576,621
405,794
2,125,035
1,426,624
Termasuk di dalam imbalan jasa adalah pendapatan administrasi Anak Perusahaan yang diperoleh dari konsumen untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 dan 2010 masing-masing sebesar Rp 374.501 dan Rp 233.337 dan tahun yang berakhir tanggal 31 Desember 2010 dan 2009 masingmasing sebesar Rp 1.378.448 dan Rp 824.633. 34. (KERUGIAN)/KEUNTUNGAN ATAS PERUBAHAN NILAI WAJAR PADA INSTRUMEN KEUANGAN
Included in fees are Subsidiaries’ administrative income from customers for the three-month periods ended 31 March 2011 and 2010 amounted to Rp 374,501 and Rp 233,337, respectively and years ended 31 December 2010 and 2009 amounted to Rp 1,378,448 and Rp 824,633, respectively.
34. (LOSSES)/GAINS FROM CHANGES VALUE OF FINANCIAL INSTRUMENTS
31 Maret/March 2011 2010* Efek-efek dan Obligasi Pemerintah yang diperdagangkan Instrumen derivatif
(459) 2,146
(321) (12,608)
(1,477) 70,049
(34,661)
1,687
(12,929)
68,572
FAIR
Trading securities and Government Bonds Derivative instruments..
35. GENERAL AND ADMINISTRATIVE EXPENSES
31 Maret/March 2011 2010* Beban kantor Penyusutan aset tetap (lihat Catatan 16) Amortisasi perangkat lunak (lihat Catatan 15) Sewa Komunikasi Iklan dan promosi Lain-lain
IN
31 Desember/December 2010 2009
145 (34,806)
35. BEBAN UMUM DAN ADMINISTRASI
Administration fees Credit card transactions Others
31 Desember/December 2010 2009
329,203
291,553
1,243,099
1,168,245
93,704
78,943
333,212
315,843
37,100 85,310 78,796 62,240 6,139
24,332 73,181 74,819 32,624 7,103
106,947 318,175 305,561 213,088 25,294
88,642 296,943 297,571 266,997 31,428
692,492
582,555
2,545,376
2,465,669
Sejak tanggal 1 Januari 2010, amortisasi dari biaya transaksi dicatat sebagai bagian dari pendapatan bunga. Sebelum tanggal 1 Januari 2010, amortisasi dari biaya transaksi dicatat sebagai bagian dari beban kantor dan beban iklan dan promosi. Untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 dan 2010, dan tahun yang berakhir tanggal 31 Desember 2010, amortisasi biaya transaksi yang diakui sebagai pengurang dari pendapatan bunga adalah masingmasing sebesar Rp 14.552 dan Rp 20.415, dan Rp 74.316.
Office expenses Depreciation of fixed assets (see Note 16) Amortization of software (see Note 15) Rental Communications Advertising and promotion Others
Starting 1 January 2010, the amortization of transaction cost were recorded as part of interest income. Prior to 1 January 2010, amortization of transaction cost were recorded as part of office expenses and advertising and promotion. For the three-month periods ended 31 March 2011 and 2010, and year ended 31 December 2010, the amortization of such cost recognized as a reduction to interest income was Rp 14,552 and Rp 20,415, and Rp 74,316, respectively.
* tidak diaudit
unaudited * LAMPIRAN – 5/148- SCHEDULE
340
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
36. BEBAN TENAGA KERJA DAN TUNJANGAN
36. SALARIES AND EMPLOYEE BENEFITS
31 Maret/March 2011 2010* Gaji, bersih Tunjangan dan fasilitas lainnya Pendidikan dan pelatihan Lain-lain
31 Desember/December 2010 2009
436,278 474,346 40,248 65,048
362,190 411,922 22,424 48,779
1,570,662 1,866,561 149,481 252,050
1,332,407 1,409,844 69,195 191,554
1,015,920
845,315
3,838,754
3,003,000
Salaries, net Other allowance and benefits Education and training Others
Sejak tanggal 1 Januari 2010, amortisasi dari beban yang terkait langsung dengan perolehan nasabah (“biaya transaksi”) dicatat sebagai bagian dari pendapatan bunga. Sebelum tanggal 1 Januari 2010, amortisasi dari beban yang terkait langsung dengan perolehan nasabah dicatat sebagai bagian dari beban tunjangan dan fasilitas lainnya. Untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 dan 2010, dan tahun yang berakhir pada tanggal 31 Desember 2010, amortisasi biaya transaksi yang diakui sebagai pengurang dari pendapatan bunga adalah masing-masing sebesar Rp 2.612 dan Rp 332, dan Rp 4.868.
Starting 1 January 2010, the amortization of costs directly incurred in acquiring customers (‘transaction cost”) were recorded as part of interest income. Prior to 1 January 2010, amortization of costs directly incurred in acquiring customers were recorded as part of other allowance and benefits. For the three-month periods ended 31 March 2011 and 2010, and year ended 31 December 2010, the amortization of such cost recognized as a reduction to interest income was Rp 2,612 and Rp 332, and Rp 4,868, respectively.
Remunerasi Direksi dalam bentuk program kompensasi jangka panjang dijelaskan lebih lanjut pada Catatan 41.
Remuneration for Board of Directors in form of longterm compensation program is explained further in Note 41.
Remunerasi Direksi, Dewan Komisaris dan Komite Audit Bank adalah sebagai berikut:
Remuneration for Board of Directors, Board of Commissioners and Audit Committee of the Bank are as follow:
31 Maret/March 2011
Jumlah orang/ Headcount
Direksi Dewan Komisaris Komite Audit
10 7 2 19
Tunjangan dan fasilitas lainnya, bersih/ Other allowance and benefits, net
Gaji, bersih/ Salaries, net
5,235 1,649 218 7,102
10,013 1,423 9 11,445 Pajak/Tax Jumlah/Total
Jumlah/Total
15,248 3,072 227 18,547 6,805 25,352
Board of Directors Board of Commissioners Audit Committee
31 Maret/March 2010*
Jumlah orang/ Headcount
Direksi Dewan Komisaris Komite Audit
11 8 2 21
Tunjangan dan fasilitas lainnya, bersih/ Other allowance and benefits, net
Gaji, bersih/ Salaries, net
4,003 1,793 210 6,006
10,893 1,771 9 12,673 Pajak/Tax Jumlah/Total
* tidak diaudit
Jumlah/Total
14,896 3,564 219 18,679 7,057 25,736
Board of Directors Board of Commissioners Audit Committee
unaudited * LAMPIRAN – 5/149- SCHEDULE
341
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 36. BEBAN TENAGA (lanjutan)
KERJA
DAN
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
TUNJANGAN
36. SALARIES AND EMPLOYEE BENEFITS (continued)
31 Desember/December 2010
Jumlah orang/ Headcount
Direksi Dewan Komisaris Komite Audit
11 7 2 20
Tunjangan dan fasilitas lainnya, bersih/ Other allowance and benefits, net
Gaji, bersih/ Salaries, net
19,689 7,121 868 27,678
55,521 11,661 110 67,292 Pajak/Tax Jumlah/Total
Jumlah/Total
75,210 18,782 978 94,970 35,158 130,128
Board of Directors Board of Commissioners Audit Committee
31 Desember/December 2009
Jumlah orang/ Headcount
Direksi Dewan Komisaris Komite Audit
9 8 2 19
Tunjangan dan fasilitas lainnya, bersih/ Other allowance and benefits, net
Gaji, bersih/ Salaries, net
16,871 7,171 840 24,882
38,040 7,781 106 45,927 Pajak/Tax Jumlah/Total
Jumlah/Total
54,911 14,952 946 70,809 24,948 95,757
Board of Directors Board of Commissioners Audit Committee
Remunerasi selama tahun 2010 termasuk remunerasi untuk 2 anggota Direksi dan 2 anggota Dewan Komisaris yang telah berhenti pada tahun 2010.
Remuneration for 2010 included remuneration for 2 members of Board of Directors and 2 members of Board of Commissioners resigned in 2010.
Remunerasi Direksi, Dewan Komisaris dan Komite Audit Bank dan Anak Perusahaan adalah sebagai berikut:
Remuneration for Board of Directors, Board of Commissioners and Audit Committee of the Bank and Subsidiaries are as follow:
31 Maret/March 2011
Jumlah orang/ Headcount
Direksi Dewan Komisaris Komite Audit
21 12 6 39
Tunjangan dan fasilitas lainnya, bersih/ Other allowance and benefits, net
Gaji, bersih/ Salaries, net
8,427 2,241 519 11,187
19,282 1,590 38 20,910 Pajak/Tax Jumlah/Total
Jumlah/Total
27,709 3,831 557 32,097 11,561 43,658
Board of Directors Board of Commissioners Audit Committee
31 Maret/March 2010*
Jumlah orang/ Headcount
Direksi Dewan Komisaris Komite Audit
22 16 8 46
Tunjangan dan fasilitas lainnya, bersih/ Other allowance and benefits, net
Gaji, bersih/ Salaries, net
6,955 2,637 732 10,324
19,704 1,967 67 21,738 Pajak /Tax Jumlah/Total
* tidak diaudit
Jumlah/Total
26,659 4,604 799 32,062 11,939 44,001
Board of Directors Board of Commissioners Audit Committee
unaudited * LAMPIRAN – 5/150- SCHEDULE
342
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
36. BEBAN TENAGA (lanjutan)
KERJA
DAN
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
TUNJANGAN
36. SALARIES AND EMPLOYEE BENEFITS (continued)
31 Desember/December 2010
Jumlah orang/ Headcount
Direksi Dewan Komisaris Komite Audit
Tunjangan dan fasilitas lainnya, bersih/ Other allowance and benefits, net
Gaji, bersih/ Salaries, net
22 15 4 41
32,382 9,973 1,108 43,463
99,554 13,511 110 113,175 Pajak/Tax Jumlah/Total
Jumlah/Total
131,936 23,484 1,218 156,638 58,923 215,561
Board of Directors Board of Commissioners Audit Committee
31 Desember/December 2009
Jumlah orang/ Headcount
Direksi Dewan Komisaris Komite Audit
Tunjangan dan fasilitas lainnya, bersih/ Other allowance and benefits, net
Gaji, bersih/ Salaries, net
19 18 4 41
29,015 10,589 1,100 40,704
74,373 9,252 106 83,731 Pajak/Tax Jumlah/Total
37. PENDAPATAN BUKAN OPERASIONAL
Board of Directors Board of Commissioners Audit Committee
31 Desember/December 2010 2009
1,883
1,456
6,878
7,651
980 19,149
1,516 18,622
3,967 43,856
16,651 64,409
22,012
21,594
54,701
88,711
38. BEBAN BUKAN OPERASIONAL
Insurance recoveries of loan written-offs Gain on sales of fixed assets (see Note 16) Others
38. NON-OPERATING EXPENSES 31 Maret/March 2011 2010*
Kerugian atas penjualan aset yang diambil alih Kerugian atas penghapusan piutang lain-lain Amortisasi goodwill (lihat Catatan 15) Kerugian penjualan aset tetap (lihat Catatan 16) Lain-lain
103,388 19,841 1,206 124,435 45,754 170,189
37. NON-OPERATING INCOME
31 Maret/March 2011 2010* Penerimaan dari asuransi atas pinjaman yang telah dihapusbukukan Keuntungan penjualan aset tetap (lihat Catatan 16) Lain-lain
Jumlah/Total
31 Desember/December 2010 2009
1,596
2,461
4,163
2,158
133,141
59,215
397,097
256,981
-
51,839
207,365
207,365
30 38,359
1,122 29,663
1,332 73,277
617 100,301
173,126
144,300
683,234
567,422
* tidak diaudit
Loss on disposal of repossessed assets Loss on disposal of other receivables Goodwill amortization (see Note 15) Loss on disposal of fixed assets (see Note 16) Others
unaudited * LAMPIRAN – 5/151- SCHEDULE
343
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
39. DANA PENSIUN DAN IMBALAN KERJA LAINNYA
39. PENSION PLAN BENEFITS
AND
OTHER
EMPLOYEE
Program pensiun iuran pasti
Defined contribution pension plan
Bank
Bank
Bank menyelenggarakan program pensiun iuran pasti untuk karyawan tetap yang memenuhi syarat yang dikelola dan diadministrasikan oleh PT Asuransi Jiwa Manulife Indonesia.
The Bank has a defined contribution pension plan covering its qualified permanent employees, which is managed and administered by PT Asuransi Jiwa Manulife Indonesia.
Pada tanggal 31 Maret 2011 dan 2010, 31 Desember 2010 dan 2009, iuran yang dibayarkan oleh karyawan dan Bank masing-masing adalah sebesar 3,75% dan 6,25% dari penghasilan dasar karyawan.
As at 31 March 2011 and 2010, 31 December 2010 and 2009, the employees’ and Bank’s contributions are 3.75% and 6.25%, respectively of the employees’ basic salaries.
Selama periode tiga bulan berakhir 31 Maret 2011, iuran pasti yang sudah dibayarkan Bank ke PT Asuransi Jiwa Manulife Indonesia adalah sebesar Rp 8.190 (31 Maret 2010: Rp 7.741, 31 Desember 2010: Rp 32.110 dan 2009: Rp 30.321).
During the three-month period ended 31 March 2011, defined contributions paid by the Bank to PT Asuransi Jiwa Manulife Indonesia amounted to Rp 8,190 (31 March 2010: Rp 7,741, 31 December 2010: Rp 32,110 and 2009: Rp 30,321).
Anak Perusahaan
Subsidiary
Sejak tanggal 16 Mei 2007, ADMF menyelenggarakan program pensiun iuran pasti untuk karyawan tetap yang memenuhi kriteria yang ditetapkan ADMF, dimana program pensiun iuran pasti ini dikelola dan diadministrasikan oleh PT Asuransi Jiwa Manulife Indonesia.
Since 16 May 2007, ADMF has a defined contribution pension plan covering its qualified permanent employees who meet the criteria, where the contribution pension plan is managed and administered by PT Asuransi Jiwa Manulife Indonesia.
Pada tanggal 31 Maret 2011 dan 2010, 31 Desember 2010 dan 2009, ADMF membayar iuran pensiun sebesar 3% dari penghasilan dasar karyawan.
As at 31 March 2011 and 2010, 31 December 2010 and 2009, ADMF has paid pension at 3% from the employees’ basic salaries.
Selama periode tiga bulan berakhir 31 Maret 2011, iuran pasti yang sudah dibayarkan ADMF ke PT Asuransi Jiwa Manulife Indonesia adalah sebesar Rp 1.989 (31 Maret 2010: Rp 1.069, 31 Desember 2010: Rp 6.717 dan 2009: Rp 5.968).
During the three month periods ended 31 March 2011, defined contributions paid by ADMF to PT Asuransi Jiwa Manulife Indonesia amounted Rp 1,989 (31 March 2010: Rp 1,069, 31 December 2010: Rp 6,717 and 2009: Rp 5,968).
* tidak diaudit
unaudited * LAMPIRAN – 5/152- SCHEDULE
344
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
39. DANA PENSIUN DAN IMBALAN KERJA LAINNYA (lanjutan)
39. PENSION PLAN AND BENEFITS (continued)
OTHER
EMPLOYEE
Imbalan kerja lainnya
Other employee benefits
Bank
Bank
Kewajiban atas imbalan kerja jangka panjang dan imbalan pasca kerja meliputi uang jasa, uang pisah, pesangon dan kompensasi lainnya dihitung oleh perusahaan konsultan aktuaria PT Towers Watson Purbajaga (sebelumnya bernama PT Watson Wyatt Purbajaga) dengan menggunakan metode ProjectedUnit-Credit.
The liability for long-term and post-employment benefits consists of service payments, severance payments, termination benefits and other compensation which was calculated by a licensed actuarial consulting firm PT Towers Watson Purbajaga (previously named PT Watson Wyatt Purbajaga) using the Projected-Unit-Credit method.
Tabel berikut ini menyajikan kewajiban imbalan kerja Bank:
The following table summarizes the Bank’s employee benefits liabilities:
Kewajiban imbalan kerja
Employee benefits liabilities 31 Desember/December 2010 2009
Nilai kini kewajiban imbalan pasti Nilai yang belum diakui: - (Kerugian)/keuntungan aktuaria - Beban jasa lalu
586,093
392,649
(65,143) (41,041)
73,353 (46,851)
479,909
419,151
Beban imbalan kerja
Present value of defined benefit obligation Unrecognised amounts of: Actuarial (loss)/gain Past service cost -
Employee benefits expenses 1 Januari/January 31 Desember/December 2010 2009
Beban jasa kini Beban bunga atas kewajiban Amortisasi atas: - Keuntungan aktuaria - Beban jasa lalu
53,159 42,821
54,104 42,687
(1,796) 5,810
5,727
99,994
Current service cost Interest on obligation Amortization of: Actuarial gain Past service cost -
102,518
* tidak diaudit
unaudited * LAMPIRAN – 5/153- SCHEDULE
345
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
39. DANA PENSIUN DAN IMBALAN KERJA LAINNYA (lanjutan) Imbalan kerja lainnya (lanjutan) Asumsi-asumsi utama perhitungan di atas:
yang
39. PENSION PLAN AND BENEFITS (continued)
OTHER
EMPLOYEE
Other employee benefits (continued) digunakan
dalam
Key assumptions used in the above calculation:
31 Desember/ December
Asumsi ekonomi: - Tingkat diskonto per tahun - Tingkat kenaikan penghasilan dasar per tahun
2010
2009
9% 7%
11% 7%
Economic assumptions: Annual discount rate Annual basic salary growth rate -
Kewajiban imbalan kerja Bank untuk tahun yang berakhir 31 Desember 2010 dan 2009 telah sesuai dengan laporan aktuaris masing-masing tertanggal 2 Pebruari 2011 dan 12 Pebruari 2010.
The Bank’s employee benefits liabilities for the years ended 31 December 2010 and 2009 is in accordance with the actuary report dated 2 February 2011 and 12 February 2010.
Anak Perusahaan
Subsidiaries
Kewajiban atas imbalan kerja jangka panjang dan imbalan pasca kerja meliputi pensiun, cuti berimbalan jangka panjang, jubilee, uang pisah, uang penghargaan dan kompensasi lainnya dihitung oleh perusahaan konsultan aktuaria PT Towers Watson Purbajaga (sebelumnya bernama PT Watson Wyatt Purbajaga) dengan menggunakan metode Projected-Unit-Credit yang dilakukan setiap tahun.
The liability for long-term and post-employment employee benefits consist of pension, long service leave, jubilee awards, severance pay and other compensation which was calculated by a licensed actuarial consulting firm PT Towers Watson Purbajaga (previously named PT Watson Wyatt Purbajaga) using the Projected-Unit-Credit method which is performed annually.
Tabel berikut ini menyajikan kewajiban imbalan kerja Anak Perusahaan:
The following table summarizes the Subsidiaries’ employee benefits liabilities:
Kewajiban imbalan kerja
Employee benefits liabilities 31 Desember/December 2010 2009
Nilai kini kewajiban imbalan pasti Nilai yang belum diakui: - Kerugian aktuaria - Beban jasa lalu
148,268
85,817
(58,685) 6,352
(25,601) 6,809
95,935
67,025
34,051
20,697
* tidak diaudit
Present value of defined benefit obligation Unrecognised amounts of: Actuarial loss Past service cost -
unaudited * LAMPIRAN – 5/154- SCHEDULE
346
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
39. DANA PENSIUN DAN IMBALAN KERJA LAINNYA (lanjutan)
39. PENSION PLAN AND BENEFITS (continued)
OTHER
Imbalan kerja lainnya (lanjutan)
Other employee benefits (continued)
Beban imbalan kerja
Employee benefits expenses
EMPLOYEE
1 Januari/January 31 Desember/December 2010 2009
Beban jasa kini Beban bunga atas kewajiban Amortisasi atas: - Kerugian aktuaria - Beban jasa lalu
19,003 10,737
12,641 6,757
4,768 (457)
1,756 (457)
34,051
Asumsi-asumsi utama perhitungan di atas:
yang
digunakan
dalam
Current service cost Interest on obligation Amortization of: Actuarial loss Past service cost -
20,697
Key assumptions used in the above calculation:
31 Desember/December 2010 2009 Asumsi ekonomi: - Tingkat diskonto per tahun - Tingkat kenaikan penghasilan dasar per tahun
9% 2011: 8% - 10% Onward: 7% - 10%
11% 2010: 7% - 10% Onward: 8%
Economic assumptions: Annual discount rate Annual basic salary growth rate -
Kewajiban imbalan kerja ADMF untuk tahun yang berakhir 31 Desember 2010 dan 2009 telah sesuai dengan laporan aktuaris independen masing-masing tertanggal 7 Januari 2011 dan 21 Januari 2010.
The ADMF’s employee benefits liability for the years ended 31 December 2010 and 2009 was in accordance with the independent actuary report dated 7 January 2011 and 21 January 2010.
Kewajiban imbalan kerja AI untuk tahun yang berakhir 31 Desember 2010 dan 2009 telah sesuai dengan laporan aktuaris independen masing-masing tertanggal 24 Januari 2011 dan 22 Januari 2010.
The AI’s employee benefits liability for the years ended 31 December 2010 and 2009 was in accordance with the independent actuary report dated 24 January 2011 and 22 January 2010.
Kewajiban imbalan kerja AQ untuk tahun yang berakhir 31 Desember 2010 dan 2009 telah sesuai dengan laporan aktuaris independen masing-masing tertanggal 24 Januari 2011 dan 15 Pebruari 2010.
The AQ’s employee benefits liability for the years ended 31 December 2010 and 2009 was in accordance with the independent actuary report dated 24 January 2011 and 15 February 2010.
* tidak diaudit
unaudited * LAMPIRAN – 5/155- SCHEDULE
347
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
39. DANA PENSIUN DAN IMBALAN KERJA LAINNYA (lanjutan)
39. PENSION PLAN AND BENEFITS (continued)
OTHER
EMPLOYEE
Imbalan kerja lainnya (lanjutan)
Other employee benefits (continued)
Bank dan Anak Perusahaan
Bank and Subsidiaries
Tabel berikut ini adalah perubahan kewajiban imbalan kerja Bank dan Anak Perusahaan untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 dan tahun yang berakhir pada tanggal 31 Desember 2010 dan 2009:
The following table is the movement of the employee benefits liability of the Bank and Subsidiaries for the three-month period ended 31 March 2011 and years ended 31 December 2010 and 2009: 31 Desember/ December 2010 2009
31 Maret/March 2011
Saldo awal, 1 Januari Beban periode berjalan - bersih Pembayaran kepada karyawan
575,844 41,989 (14,748)
486,176 134,045 (44,377)
401,759 123,215 (38,798)
Beginning balance as at 1 January Current period expenses - net Payment to employees
Liabilitas yang diakui di laporan posisi keuangan konsolidasian
603,085
575,844
486,176
Liability recognised in consolidated statements of financial position
Kewajiban imbalan kerja Bank dan Anak Perusahaan untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 merupakan estimasi yang dibuat berdasarkan laporan aktuaris untuk tahun 2010. 40. KOMPENSASI KARYAWAN/ MANAJEMEN BERBASIS SAHAM
The employee benefits liability of the Bank and Subsidiaries for the three-month period ended 31 March 2011 represent an estimation made based on the 2010 actuary reports. 40. EMPLOYEE/MANAGEMENT STOCK OPTIONS
Dalam Rapat Umum Pemegang Saham Luar Biasa yang dilaksanakan pada tanggal 26 Maret 2004, pemegang saham menyetujui untuk memberikan hak opsi kepada Direksi dan karyawan Senior Bank yang memenuhi persyaratan untuk membeli saham baru seri B sejumlah 245.346.100 lembar saham.
At the Extraordinary General Shareholders’ Meeting held on 26 March 2004, the shareholders agreed to grant options to purchase 245,346,100 new shares B series to the eligible Bank’s Directors and Senior employees.
Pada tanggal 31 Maret 2011, rincian hak opsi saham adalah sebagai berikut:
As at 31 March 2011, the details of stock options were as follows:
Tahap I/ Tranche I
Tanggal Pemberian/ Grant date 1 Jul/ Jul 2004
Tahap I/ Tranche I
8 Nop/ Nov 2004
Tahap II/ Tranche II
1 Jul/Jul 2005
Tahap III/ Tranche III
1 Jul/Jul 2006
Hak opsi yang Jumlah opsi yang Opsi yang Jumlah opsi saham gugur selama dieksekusi 2011/ Jumlah opsi beredar akhir yang beredar saham yang selama 2011/ periode/ Number of awal periode/ Number of forfeited stock diberikan/ Options Options options exercised outstanding Number of outstanding at option stock option at the end of during during the beginning of 2011 2011 granted period the period 66,025,000
-
-
-
Tahun eksekusi/ Exercise year 1 Jul/ Jul 2005- 1 Jul/ Jul 2009
98,100,000
-
-
-
1 Jan/Jan 2007- 8 Nop/ Nov 2009
-
1 Jul/ Jul 2006- 1 Jul/ Jul 2010
(718,000) (718,000)
1 Jul/ Jul 20074,478,000 1 Jul/ Jul 2011 4,478,000
61,071,800
29,441,500 254,638,300
-
5,196,000 5,196,000
-
-
* tidak diaudit
Harga eksekusi (nilai penuh) Harga setelah 15 eksekusi April 2009/ Exercise Nilai wajar opsi (nilai (nilai penuh)/ price (full penuh)/ Exercise amount) Option fair price (full after 15 April value (full amount) 2009 amount 1,412 1,423 2,451 1,792
2,451
1,709
1,033
5,173
3,749
2,081 2,098
4,353
2,953
1,610 1,618
unaudited * LAMPIRAN – 5/156- SCHEDULE
348
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
40. KOMPENSASI KARYAWAN/MANAJEMEN BERBASIS SAHAM (lanjutan)
40. EMPLOYEE/MANAGEMENT STOCK OPTIONS (continued)
Hak opsi yang gugur selama tahun 2005 sampai dengan tanggal 30 Juni 2006 berjumlah 36.995.600 lembar saham. Dari jumlah opsi saham yang diberikan pada tahap III sejumlah 29.441.500 lembar opsi saham, sejumlah 9.292.200 lembar opsi saham diambil dari hak opsi yang telah gugur sampai dengan tanggal 30 Juni 2006.
Total of forfeited stock option during 2005 until 30 June 2006 was 36,995,600 shares. From total of stock options granted at tranche III of 29,441,500 shares, 9,292,200 shares were taken from the forfeited stock options up to 30 June 2006.
Saham baru yang dibagikan akan diambil dari saham dalam portepel, dan bukan merupakan saham yang telah diterbitkan atau dibeli kembali.
The new shares are granted from the authorised capital, and not from issued or repurchased capital stock.
Nilai wajar opsi ditentukan dengan menggunakan metode binomial, kecuali untuk opsi yang diberikan dalam Tahap I tanggal 8 Nopember 2004 dengan menggunakan kombinasi metode Black & Scholes dan Up-and-In Call Option.
The fair value of these options is estimated using the binomial method, except for option granted under Tranche I dated 8 November 2004 where the valuation method used is a combination of Black & Scholes and Up-and-In Call Option.
Asumsi-asumsi yang digunakan adalah sebagai berikut:
The assumptions used are as follows:
Tahap I/ Tranche I Tingkat pengembalian dividen Ketidakstabilan harga yang diharapkan Suku bunga bebas risiko yang diharapkan Tahun opsi yang diharapkan
Tahap I/ Tranche I
Tahap II/ Tranche II
Tahap III/ Tranche III
4.13%
4.13%
4.70%
4.55%
Dividend yield
56.56%
18.47%
51.31%
49.28%
10.94%
9.62%
10.33%
11.80%
5 tahun/years
5 tahun/years
5 tahun/years
5 tahun/years
Expected volatility Expected risk-free interest rate Expected years of the options
Dalam Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) yang dilaksanakan pada tanggal 23 Maret 2009, pemegang saham menyetujui perubahan terhadap harga pelaksanaan kompensasi karyawan/manajemen berbasis saham sehubungan dengan Penawaran Umum Terbatas IV (lihat Catatan 1b). Dalam RUPSLB ini diputuskan bahwa tanggal penetapan perubahan harga eksekusi opsi yang belum dilaksanakan (“modification date”) adalah 1 April 2009, yang merupakan tanggal ex-Penawaran Umum Terbatas HMETD untuk penawaran umum ini.
At the Extraordinary General Shareholders’ Meeting held on 23 March 2009, the shareholders agreed with the adjustment made to the exercise prices of employee/ management stock option in relation to Rights Issue IV (see Note 1b). One of the resolutions concluded from the Extraordinary General Meeting is the date in which the adjustment to exercise prices (“modification date”) will be set on 1 April 2009, which is ex-right date for this Rights Issue.
Perubahan harga pelaksanaan opsi yang belum dilaksanakan dihitung berdasarkan rata-rata harga penutupan saham Bank selama berturut-turut dua puluh lima (25) hari perdagangan di Bursa Efek Indonesia sebelum tanggal 1 April 2009 dengan menggunakan Equivalent Economic Value Concept yang direkomendasikan oleh pihak konsultan independen, Carrots Consulting Pte. Ltd.
The adjustment to the exercise price of outstanding share options that have not yet been exercised is computed based on the average Bank’s closing price during the twenty five (25) consecutive trading days in the Indonesian Stock Exchange prior to 1 April 2009 using Equivalent Economic Value Concept as recommended by an independent consultant, Carrots Consulting Pte. Ltd.
* tidak diaudit
unaudited * LAMPIRAN – 5/157- SCHEDULE
349
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
40. KOMPENSASI KARYAWAN/MANAJEMEN BERBASIS SAHAM (lanjutan)
40. EMPLOYEE/MANAGEMENT STOCK OPTIONS (continued)
Dengan adanya perubahan harga eksekusi opsi yang belum dilaksanakan ini, maka nilai ekonomis opsi yang belum dilaksanakan, baik sebelum maupun setelah Penawaran Umum Terbatas IV, tidak mengalami perubahan. Perubahan harga eksekusi tidak merubah ketentuan jadwal vesting dan sisa jangka waktu opsi atas opsi yang belum dilaksanakan.
With the adjustment to the exercise price at modification date, the economic value of the outstanding share options remains unchanged before and after Rights Issue IV. The adjustment to the exercise price will not change the existing vesting schedules and the remaining option terms of the outstanding share options.
Tanggal efektif perubahan harga eksekusi opsi yang belum dilaksanakan dengan harga eksekusi yang disesuaikan adalah tanggal 15 April 2009. Perincian harga eksekusi yang disesuaikan adalah sebagai berikut:
The effective date of the adjustment to the exercise price of the outstanding options was 15 April 2009. Set out below is the adjusted exercise price:
Tanggal Pemberian/ Grant Date 1 Juli/July 2004 8 Nop/Nov 2004 1 Juli/July 2005 1 Juli/July 2006
Harga eksekusi (jumlah penuh)/ Exercise Price (full amount) Sebelum/Before Mulai/Starts 15 April 2009 15 April 2009 2,451 1,792 2,451 1,709 5,173 3,749 4,353 2,953
41. PROGRAM KOMPENSASI JANGKA PANJANG
41. LONG-TERM COMPENSATION PROGRAM
Pada tahun 2007, Dewan Komisaris menyetujui untuk memberikan Program Kompensasi Jangka Panjang (“LTCP”) kepada Direksi dan karyawan Bank yang memenuhi persyaratan. Program tersebut merupakan rencana tiga (3) tahunan yang dimulai pada tanggal 1 Juli 2007 dan terutang pada tahun 2008, 2009 dan 2010. Pembayaran dari LTCP akan tergantung pada kinerja perusahaan yang telah ditetapkan dan peringkat kinerja perorangan. Penilaian kinerja Bank akan ditentukan oleh Dewan Komisaris, sementara kinerja perorangan akan ditentukan berdasarkan penilaian kinerja pada akhir tahun.
In 2007, the Board of Commissioners agreed to grant the Long Term Compensation Program (“LTCP”) to the Bank’s Board of Directors and eligible employees. This program is a three (3) year plan commencing on 1 July 2007 and payable in 2008, 2009 and 2010. Payment of this LTCP will depend on the achievement of certain corporate measures and individual performance rating. Bank performance measures will be determined by Board of Commissioners, whilst the individual performance will be based on year-end performance appraisal.
Pada tahun 2009, LTCP sejumlah Rp 48.495 tidak dibayarkan karena kinerja perusahaan yang telah ditetapkan tidak terpenuhi, oleh karena itu tidak ada beban yang terkait dengan program LTCP yang diakui di tahun 2009.
In 2009, LTCP amounting to Rp 48,495 was not paid since the predetermined corporate measures were not achieved, therefore there was no cost associated to the LTCP program recognised in 2009.
* tidak diaudit
unaudited * LAMPIRAN – 5/158- SCHEDULE
350
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
41. PROGRAM (lanjutan)
KOMPENSASI
JANGKA
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
PANJANG
41. LONG-TERM (continued)
COMPENSATION
PROGRAM
Pada tahun 2010, Dewan Komisaris menyetujui untuk untuk kembali memberikan Program Kompensasi Jangka Panjang (“LTCP”) kepada Direksi dan karyawan Bank yang memenuhi persyaratan. Program ini merupakan bagian dari Strategi Total Kompensasi Bank dan Anak Perusahaan, dengan tujuan mengkaitkan kinerja Bank dan Anak Perusahaan secara keseluruhan dengan kompensasi yang diterima oleh karyawan yang memenuhi persyaratan dan Direksi, serta untuk menjaga pertumbuhan Bank dan Anak Perusahaan yang berkesinambungan.
In 2010, the Board of Commissioners agreed to grant another Long Term Compensation Plan (“LTCP”) to the Bank’s Board of Directors and eligible employees. The Plan is part of the Bank’s and Subsidiaries’ Total Compensation Strategy, with the objective to link the Bank’s and Subsidiaries’ overall performance with the compensation of eligible employees and Board of Directors, as well as to maintain continuous growth of the Bank and Subsidiaries.
Program ini terdiri dari dua skema, yaitu:
This program consists of two schemes, i.e:
x
Program kas, program tiga tahunan yang dimulai pada tanggal 1 Juli 2010 dan terutang pada tahun 2011, 2012 dan 2013. Jumlah yang dibayarkan akan tergantung pada pencapaian kinerja Bank dan Anak Perusahaan secara konsolidasi yang telah ditetapkan sebelumnya oleh Komite Remunerasi dan peringkat kinerja perorangan berdasarkan penilaian kinerja pada akhir tahun.
x
Cash plan, a three-year-plan that commencing on 1 July 2010, to be payable in 2011, 2012 and 2013. The amount to be paid will depend on the achievement of the Bank’s and Subsidiaries’ performance at consolidated level as predetermined by the Remuneration Committee and individual performance rating based on yearend performance appraisal.
x
Program saham, dimana karyawan yang memenuhi persyaratan akan menerima sejumlah uang tunai yang telah ditetapkan sebelumnya dan langsung digunakan untuk membeli saham Bank. Saham dibeli atas nama masing-masing karyawan untuk ditahan dan ditempatkan dalam kustodian independen. Saham akan diserahkan setelah masa tunggu tiga atau enam tahun selesai. Tanggal pemberian kompensasi dari program ini adalah 1 Juli 2010.
x
Stock plan, in which eligible employees will receive a certain predetermined amount of cash and directly to be used to purchase the Bank’s stocks. The stocks are purchased under the individual employees’ names to be held and put under an independent custody. The stocks will be released upon completion of the holding period of three or six years. The grant date of this plan was 1 July 2010.
Beban sehubungan dengan program tersebut dicatat pada “beban tenaga kerja dan tunjangan” di laporan laba rugi konsolidasian untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 sebesar Rp 60.675 (termasuk pajak), dimana sebesar Rp 11.400 (termasuk pajak) dialokasikan untuk Direksi Bank dan Rp 2.389 (termasuk pajak) dialokasikan untuk Direksi Anak Perusahaan [31 Desember 2010: Rp 208.322 (termasuk pajak), dimana sebesar Rp 32.625 (termasuk pajak) dialokasikan untuk Direksi Bank dan Rp 8.057 (termasuk pajak) dialokasikan untuk Direksi Anak Perusahaan].
The expense associated with this program is recognized as “salaries and employee benefits” in the consolidated statements of income for the three-month period ended 31 March 2011 amounted to Rp 60,675 (include tax), in which Rp 11,400 (include tax) out of this amount was allocated for Bank’s Board of Directors and Rp 2,389 (include tax) was allocated for Subsidiaries’ Board of Directors [31 December 2010: Rp 208,322 (include tax), in which Rp 32,625 (include tax) out of this amount was allocated for Bank’s Board of Directors and Rp 8,057 (include tax) was allocated for Subsidiaries’ Board of Directors].
* tidak diaudit
unaudited * LAMPIRAN – 5/159- SCHEDULE
351
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
42. LABA BERSIH PER SAHAM DASAR DAN DILUSIAN YANG DIATRIBUSIKAN KEPADA PEMILIK ENTITAS INDUK a.
42. BASIC AND DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO EQUITY HOLDER OF THE PARENT ENTITY
Laba per saham dasar yang diatribusikan kepada pemilik entitas induk
a.
Laba bersih per saham dasar dihitung dengan membagi laba bersih dengan rata-rata tertimbang jumlah saham biasa yang beredar pada periode/tahun bersangkutan. 31 Maret/March 2011 2010* Laba bersih yang diatribusikan kepada pemilik entitas induk Rata-rata tertimbang jumlah saham biasa yang beredar Laba bersih per saham dasar yang diatribusikan kepada pemilik entitas induk (nilai penuh)
b.
Basic earning per share is calculated by dividing net income by the weighted average number of ordinary shares outstanding during the period/year. 31 Desember/December 2010 2009
2,883,468
1,532,533
8,417,481,966 8,392,959,283 8,408,474,479
8,223,556,863
762,661
90.60
700,555
Basic earnings per share attributable to equity holder of the parent entity
83.47
Laba per saham dilusian yang diatribusikan kepada pemilik entitas induk
342.92
b.
186.36
Net income attributable to equity holder of the parent entity Weighted average number of ordinary shares outstanding Basic earnings per share attributable to equity holder of the parent entity (full amount)
Diluted earnings per share attributable to equity holder of the parent entity
Dalam perhitungan laba bersih per saham dilusian, rata-rata tertimbang jumlah saham yang beredar disesuaikan dengan memperhitungkan dampak dari semua surat berharga yang berpotensi dilutif. Selama periode tiga bulan yang berakhir pada tanggal 31 Maret 2011 dan 2010 dan tahun yang berakhir pada tanggal 31 Desember 2010 dan 2009, Bank memiliki surat berharga yang potensial bersifat dilutif dalam bentuk opsi saham.
In the calculation of diluted earnings per share, the outstanding weighted average number of shares is adjusted by calculating the effects of all potential dilutive securities. During the threemonth periods ended 31 March 2011 and 2010 and years ended 31 December 2010 and 2009, the Bank had potential dilutive securities in the form of stock options.
Perhitungan dilusian yang dilakukan untuk opsi saham adalah untuk menentukan berapa jumlah saham yang dapat diperoleh dengan harga pasar (ditentukan sebagai harga rata-rata saham Bank selama setahun) berdasarkan nilai moneter hak pesan yang terkait dengan opsi saham yang masih beredar. Jumlah saham berdasarkan perhitungan ini dibandingkan dengan jumlah saham yang seharusnya diterbitkan apabila opsi saham dieksekusi. Penyesuaian terhadap laba bersih dan rata-rata tertimbang jumlah saham biasa yang beredar adalah sebagai berikut:
A dilution calculation for stock options is performed to determine the number of shares that could have been acquired at market price (determined as the average share price of the Bank for one year) based on the monetary value of the subscription rights attached to outstanding share options. The number of shares calculated in this way is compared with the number of shares that would have been issued assuming the exercise of the share options. The adjustment to net income and the weighted average number of ordinary shares outstanding is as follows:
* tidak diaudit
unaudited * LAMPIRAN – 5/160- SCHEDULE
352
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
42. LABA BERSIH PER SAHAM DASAR DAN DILUSIAN YANG DIATRIBUSIKAN KEPADA PEMILIK ENTITAS INDUK (lanjutan) b.
42. BASIC AND DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO EQUITY HOLDER OF THE PARENT ENTITY (continued)
Laba per saham dilusian yang diatribusikan kepada pemilik entitas induk (lanjutan)
b.
31 Maret/March 2011 2010* Laba bersih yang diatribusikan kepada pemilik entitas induk Rata-rata tertimbang jumlah saham biasa yang beredar Penyesuaian untuk opsi saham Rata-rata tertimbang saham biasa yang beredar untuk menentukan laba per saham dilusian Laba bersih per saham dilusian yang diatribusikan kepada pemilik entitas induk (nilai penuh)
31 Desember/December 2010 2009
700,555
2,883,468
1,532,533
8,417,481,966 8,392,959,283 8,408,474,479 4,256,179 30,655,163 12,443,371
8,223,556,863 331,898,258
762,661
8,429,925,337 8,397,215,462 8,439,129,642
90.47
83.43
43. KOMITMEN DAN KONTINJENSI
8,555,455,121
341.68
179.13
Net income attributable to equity holder of the parent entity Weighted average number of ordinary shares outstanding Adjustment for stock options Weighted average number of ordinary shares for diluted earnings per shares Diluted earnings per share attributable to equity holder of the parent entity (full amount)
43. COMMITMENTS AND CONTINGENCIES 31 Maret/ March 2011
Tagihan komitmen - Fasilitas pinjaman yang diterima dan belum digunakan
Diluted earnings per share attributable to equity holder of the parent entity (continued)
31 Desember/ December 2010 2009
3,813
3,813
3,813
Commitment receivables Borrowing facilities received and unused
Liabilitas komitmen - Fasilitas kredit kepada debitur yang belum digunakan - Irrevocable letters of credit yang masih berjalan
37,534
43,756
-
1,314,476
1,347,173
1,113,562
Commitment payables Unused loan facilities to debtors Outstanding irrevocable letters of credit
Jumlah liabilitas komitmen
1,352,010
1,390,929
1,113,562
Total commitment payables
Liabilitas komitmen - bersih
1,348,197
1,387,116
1,109,749
Commitment payables - net
Tagihan kontinjensi - Garansi dari bank lain - Pendapatan bunga dalam penyelesaian - Lain-lain
93,977
101,735
41,942
355,576 1,369
383,834 1,273
300,161 -
Contingent receivables Guarantee from other banks Interest receivable on non-performing assets Others -
Jumlah tagihan kontinjensi
450,922
486,842
342,103
Total contingent receivables
Liabilitas kontinjensi - Garansi yang diterbitkan dalam bentuk: - Garansi Bank - Standby letters of credit
1,678,317 182,564
1,937,497 208,539
1,853,846 342,631
Contingent payables Guarantees issued in the form of: Bank guarantees Standby letters of credit -
Jumlah liabilitas kontinjensi
1,860,881
2,146,036
2,196,477
Total contingent payables
Liabilitas kontinjensi - bersih
1,409,959
1,659,194
1,854,374
Contingent payables - net
Liabilitas komitmen dan liabilitas kontinjensi - bersih
2,758,156
3,046,310
2,964,123
Commitment payables and contingent payables - net
* tidak diaudit
unaudited * LAMPIRAN – 5/161- SCHEDULE
353
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
43. KOMITMEN DAN KONTINJENSI (lanjutan)
43. COMMITMENTS AND CONTINGENCIES (continued)
Liabilitas komitmen
Commitment payables
a.
a.
Berdasarkan jenis dan mata uang 31 Maret/ March 2011
Rupiah Irrevocable letters of credit yang masih berjalan: - L/C dalam negeri Fasilitas kredit kepada debitur yang belum digunakan Jumlah - Rupiah Mata uang asing Irrevocable letters of credit yang masih berjalan: - L/C luar negeri - L/C dalam negeri Fasilitas kredit kepada debitur yang belum digunakan
b.
By type and currency
31 Desember/ December 2010 2009
128,533
60,963
104,489
10,833
5,206
-
Rupiah Outstanding irrevocable letters of credit: Domestic L/C Unused loan facilities to debtors
139,366
66,169
104,489
Total - Rupiah
980,226 205,717
1,154,696 131,514
931,517 77,556
26,701
38,550
-
Foreign currencies Outstanding irrevocable letters of credit: Foreign L/C Domestic L/C Unused loan facilities to debtors
Jumlah - Mata uang asing
1,212,644
1,324,760
1,009,073
Total - Foreign currencies
Jumlah
1,352,010
1,390,929
1,113,562
Total
Berdasarkan kolektibilitas BI
b. 31 Maret/ March 2011
By BI collectability
31 Desember/ December 2010 2009
Lancar Dalam perhatian khusus Kurang lancar
1,349,865 914 1,231
1,388,921 777 1,231
1,085,503 28,059 -
Pass Special mention Sub-standard
Jumlah
1,352,010
1,390,929
1,113,562
Total
* tidak diaudit
unaudited *
LAMPIRAN – 5/162- SCHEDULE
354
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
43. KOMITMEN DAN KONTINJENSI (lanjutan)
43. COMMITMENTS AND CONTINGENCIES (continued)
Liabilitas kontinjensi
Contingent payables
a.
a.
Berdasarkan jenis dan mata uang 31 Maret/ March 2011
31 Desember/ December 2010 2009
Rupiah Garansi yang diterbitkan dalam bentuk: - Garansi bank - Standby letters of credit
1,455,963 30,000
1,643,547 30,000
1,633,421 86,826
Rupiah Guarantees issued in the form: Bank guarantees Standby letters of credit -
Jumlah - Rupiah
1,485,963
1,673,547
1,720,247
Total - Rupiah
Mata uang asing Garansi yang diterbitkan dalam bentuk: - Garansi bank - Standby letters of credit
222,354 152,564
293,950 178,539
220,425 255,805
Foreign currencies Guarantees issued in the form: Bank guarantees Standby letters of credit -
Jumlah - Mata uang asing
374,918
472,489
476,230
Total - Foreign currencies
1,860,881
2,146,036
2,196,477
Total
Jumlah
b.
By type and currency
Berdasarkan kolektibilitas BI
b. 31 Maret/ March 2011
By BI collectability
31 Desember/ December 2010 2009
Lancar Dalam perhatian khusus Kurang lancar Diragukan
1,857,195 713 2,973
2,142,796 267 2,600 373
2,190,840 5,637 -
Pass Special mention Sub-standard Doubtful
Jumlah
1,860,881
2,146,036
2,196,477
Total
Pada tanggal 31 Maret 2011, 31 Desember 2010 dan 2009 seluruh liabilitas komitmen dan kontinjensi merupakan liabilitas kepada pihak ketiga.
As at 31 March 2011, 31 December 2010 and 2009 all commitment and contingent liabilities were due from third parties.
* tidak diaudit
unaudited *
LAMPIRAN – 5/163- SCHEDULE
355
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
43. KOMITMEN DAN KONTINJENSI (lanjutan)
43. COMMITMENTS AND CONTINGENCIES (continued)
Bank menghadapi berbagai kasus hukum yang belum terselesaikan, tuntutan administrasi, dan gugatan sehubungan dengan kegiatan usaha Bank. Tidak memungkinkan bagi Bank untuk memperkirakan dengan pasti apakah Bank akan berhasil dalam setiap kasus hukum tersebut, atau jika tidak, dampak yang mungkin timbul. Akan tetapi, Manajemen Bank tidak mengharapkan hasil yang timbul dari tuntutan tersebut akan memberikan dampak yang signifikan terhadap hasil operasi, posisi keuangan atau likuiditas Bank.
The Bank is a party to various unresolved legal actions, administrative proceedings, and claims in the ordinary course of its business. It is not possible to predict with certainty whether or not the Bank will ultimately be successful in any of these legal matters or, if not, what the impact might be. However, the Bank’s Management does not expect that the results in any of these proceedings will have a material adverse effect on the Bank’s results of operations, financial position or liquidity.
PT Esa Kertas Nusantara
PT Esa Kertas Nusantara
Bank menghadapi kasus litigasi di Pengadilan Negeri Jakarta Selatan dengan PT Esa Kertas Nusantara (EKN) sehubungan dengan transaksi derivatif. Proses perkara ini dilanjutkan di Pengadilan Negeri Jakarta Selatan setelah kedua pihak tidak menemukan kata sepakat dalam proses mediasi.
The Bank is facing a litigation case in the South Jakarta District Court with PT Esa Kertas Nusantara (EKN) related to derivative transactions. This litigation process was continued in the State Court Jakarta Selatan after both parties were unable to reach an agreement during the mediation process.
Pada tanggal 27 Januari 2010, Pengadilan Negeri Jakarta Selatan mengabulkan sebagian gugatan EKN dan mewajibkan Bank membayar ganti rugi (kerugian material) sebesar Rp 63 miliar. Sehubungan dengan hal di atas, Bank telah menyatakan untuk mengajukan banding atas putusan tersebut. Pada tanggal 17 Mei 2010, Bank telah mendaftarkan Memori Banding di Pengadilan Negeri Jakarta Selatan dan EKN pada tanggal 28 September 2010 telah mendaftarkan Kontra Memori Banding atas Memori Banding yang telah didaftarkan Bank.
On 27 January 2010, the South Jakarta District Court granted EKN’s claims partially and required the Bank to pay loss (material damages) of Rp 63 billion. In relation to this case, the Bank has already initiated a court appeal. On 17 May 2010, the Bank filed “Memory Banding” at South Jakarta District Court and EKN on 28 September 2010 filed “Kontra Memori Banding” upon the “Memori Banding” which filed by the Bank.
Sementara itu, Bank juga telah mengajukan permohonan pailit terhadap EKN terkait dengan tidak terpenuhinya kewajiban fasilitas L/C di Pengadilan Niaga Jakarta Pusat. Bank telah menyatakan Kasasi atas putusan Pengadilan Niaga yang menolak permohonan pailit atas EKN. Pada tanggal 8 Maret 2010, Mahkamah Agung telah memutuskan untuk menolak permohonan pailit yang diajukan Bank yang selanjutnya melalui Pengadilan Negeri Jakarta Selatan diberitahukan kepada Bank pada tanggal 12 Agustus 2010. Atas keputusan tersebut Bank telah mengajukan Peninjauan Kembali ke Mahkamah Agung.
Meanwhile, the Bank has also filed a bankruptcy petition against EKN on default of their L/C facility obligation through the Central Jakarta Commercial Court. The Bank has appealed for the Commercial Court’s decision that refused the request for EKN’s bankruptcy. On 8 March 2010, Supreme Court decided to reject the bankruptcy petition that was filed by the Bank and then informed the Bank through South Jakarta District Court on 12 August 2010. As a result of the above decision, the Bank has filed Civil Review to Supreme Court through South Jakarta District Court.
* tidak diaudit
unaudited *
LAMPIRAN – 5/164- SCHEDULE
356
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
43. KOMITMEN DAN KONTINJENSI (lanjutan)
43. COMMITMENTS AND CONTINGENCIES (continued)
Pada tanggal 14 Maret 2011 kedua belah pihak telah menandatangani Perjanjian Perdamaian. Pada tanggal 16 Maret 2011, EKN telah mencabut gugatannya dan piutang EKN telah dialihkan ke PEAK Securities berdasarkan Cessie dengan nilai sebesar USD 4.300.650. Dengan telah ditandatanganinya Perjanjian Perdamaian maka permasalahan hukum dengan EKN dapat dinyatakan selesai.
On 14 March 2011 both parties signed the Reconciliation Agreement. On 16 March 2011, EKN revoked the lawsuit and EKN’s receivable was transferred to PEAK Securities in amount of USD 4,300,650 by a Cessie. Therefore, EKN’s civil and bankruptcy case was closed due to Reconciliation Agreement signed above.
PT Danamon Usaha Gedung (“DUG”)
PT Danamon Usaha Gedung (“DUG”)
DUG mengajukan klaim kepada Bank atas tagihan pajak terutang untuk tahun pajak 2004 sebesar Rp 75.805, yang menurut DUG seharusnya menjadi tanggung jawab Bank, melalui Pengadilan Negeri Jakarta Selatan pada bulan Nopember 2010. Bank telah menunjuk kuasa hukum untuk menangani perkara tersebut.
DUG filed a claim to the Bank for an outstanding tax bill in 2004 amounted of Rp 75,805 of which according to DUG opinion, it should be the Bank’s responsibility, through South Jakarta District Court, filed in November 2010. The Bank has appointed attorney to handle this case.
Persidangan pertama dengan agenda Mediasi pada Pengadilan Negeri Jakarta Selatan dimulai sejak tanggal 4 Januari 2011 dan mediasi dinyatakan gagal pada tanggal 2 Pebruari 2011. Pada tanggal 30 Maret 2011 Majelis Hakim Pengadilan Negeri Jakarta Selatan telah menjatuhkan putusan sela yang amar putusannya adalah menerima eksepsi Bank.
The first trial with the agenda of Mediation at the South Jakarta District Court began on 4 January 2011 and mediation was stated as fail on 2 February 2011. On 30 March 2011, Judge Panel of the South Jakarta District Court has imposed interlocutory and accepted Bank’s exception.
44. INFORMASI MENGENAI PIHAK BERELASI
44. RELATED PARTIES INFORMATION
Saldo dan transaksi dengan pihak yang berelasi, kecuali pinjaman yang diberikan kepada Komisaris, Direksi dan karyawan kunci, diperlakukan sama dengan transaksi dengan pihak ketiga. Pihak berelasi/ Related parties
Balances and transactions with related parties, except loans to Commissioners, Directors and key management, are on normal commercial terms as with third parties.
Sifat dari hubungan/ Nature of relationship
Sifat dari transaksi/ Nature of transaction
Standard Chartered Bank PLC
Dimiliki oleh pemegang saham akhir yang sama/Owned by the same ultimate shareholder
Penempatan dana/Fund placements, Transaksi Derivatif/Derivative transactions
PT Bank Permata Tbk
Dimiliki oleh pemegang saham akhir yang sama/Owned by the same ultimate shareholder
Penempatan dana/Fund placements
Development Bank of Singapore (DBS), Ltd.
Dimiliki oleh pemegang saham akhir yang sama/Owned by the same ultimate shareholder
Penempatan dana/Fund placements, Transaksi Derivatif/Derivative transactions
PT Chandra Asri
Dimiliki oleh pemegang saham akhir yang sama/Owned by the same ultimate shareholder
Transaksi Akseptasi/Acceptance receivables
* tidak diaudit
unaudited *
LAMPIRAN – 5/165- SCHEDULE
357
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
44. INFORMASI MENGENAI PIHAK BERELASI (lanjutan)
44. RELATED PARTIES INFORMATION (continued)
31 Desember/ December 2010 2009
31 Maret/ March 2011
Aset a. Giro pada bank lain - bersih Standard Chartered Bank PLC Development Bank of Singapore (DBS), Ltd.
Persentase terhadap jumlah aset
b. Penempatan pada bank lain - bersih Standard Chartered Bank PLC PT Bank Permata Tbk
Presentase terhadap jumlah aset c. Tagihan derivatif - bersih Development Bank of Singapore (DBS), Ltd.
Persentase terhadap jumlah aset d. Pinjaman yang diberikan - bersih Komisaris dan karyawan kunci; - I Dewa Made Susila - Jugie Sugiarto - Sri Wahyuni Hadi - Alexander C. Setjadi - Ray Rumawas - Gemilang Madyakusuma - Dini Herdini - Lain-lain 2)
Persentase terhadap jumlah aset
56,828
111,242
140,412
2,083
892
3,721
58,911
112,134
144,133
0.05%
0.09%
0.15%
Assets a. Current account with other banks - net Standard Chartered Bank PLC Development Bank of Singapore (DBS), Ltd.
Percentage of total assets b. Placements with other banks - net Standard Chartered Bank PLC.. PT Bank Permata Tbk
275,000 -
475,000 120,000
556,875
275,000
595,000
556,875
0.22%
0.50%
0.56%
Percentage of total assets
1
251
-
c. Derivative receivables - net Development Bank of Singapore (DBS), Ltd.
0.00%
0.00%
0.00%
Percentage of total assets d. Loans - net Commissioners and key managements; I Dewa Made Susila Jugie Sugiarto Sri Wahyuni Hadi Alexander C. Setjadi Ray Rumawas Gemilang Madyakusuma Dini Herdini Others 2) -
1,214 1,977 1,431 1,326 937 446 5,883
1,241 2,040 1,166 455 6,008
1,383 1,055 2,230
13,214
10,910
4,668
0.01%
0.01%
0.00%
1)
Percentage of total assets
1)
Ray Rumawas mengundurkan diri dari Bank efektif pada tanggal 1 Oktober 2010.
1)
Ray Rumawas resigned from the Bank effective on 1 October 2010.
2)
Jumlah secara individu dibawah Rp 1 milyar.
2)
Individual amount below Rp 1 billion.
* tidak diaudit
unaudited *
LAMPIRAN – 5/166- SCHEDULE
358
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
44. INFORMASI MENGENAI PIHAK BERELASI (lanjutan)
31 Desember/ December 2010 2009
31 Maret/ March 2011
e. Tagihan akseptasi - bersih PT Chandra Asri Persentase terhadap jumlah aset
Liabilitas f. Simpanan nasabah Giro Tabungan Deposito berjangka
Persentase terhadap jumlah liabilitas
44. RELATED PARTIES INFORMATION (continued)
-
190,220
-
e. Acceptance receivables - net PT Chandra Asri
-
0.16%
-
Percentage of total assets
Liabilities f. Deposits from customers Current accounts Savings Time deposits
14,993 44,175 31,489
86,785 33,631 36,123
1,059 17,462 50,984
90,657
156,539
69,505
0.09%
0.16%
0.08%
31 Maret/March 2011 2010*
Percentage of total liabilities
31 Desember/December 2010 2009
44
56
36
79
Consolidated statement of income g. Interest income Commissioners and key management
0.00%
0.00%
0.00%
0.00%
Percentage of total interest income
Laporan laba rugi konsolidasian g. Pendapatan bunga Komisaris dan karyawan kunci Persentase terhadap jumlah pendapatan bunga h. Beban bunga Komisaris, direksi dan karyawan kunci Persentase terhadap jumlah beban bunga i. Beban tenaga kerja dan tunjangan Komisaris Bank dan Anak Perusahaan, direksi Bank dan Anak Perusahaan dan karyawan kunci Bank dan Anak Perusahaan Imbalan kerja jangka pendek Imbalan pasca kerja Imbalan kerja jangka panjang lainnya Pembayaran berbasis saham Pesangon pemutusan kontrak kerja Pajak Persentase terhadap jumlah beban tenaga kerja dan tunjangan
416
493
474
554
h. Interest expense Commissioners, directors and key management
0.03%
0.05%
0.01%
0.01%
Percentage of total interest expense
56,289 206
54,309 165
255,890 731
210,657 619
16,988 6,459
186 -
61,268 12,674
12,568 -
79,942 26,950 106,892
54,660 17,675 72,335
848 331,411 121,291 452,702
1,055 224,899 65,737 290,636
10.52%
8.56%
11.79%
* tidak diaudit
9.68%
i. Salaries and employee benefits Bank and Subsidiaries’ Commissioners, Bank and Subsidiaries’ directors and Bank and Subsidiaries’ key management Short-term employee benefits Post employment benefits Other long-term employee benefits Share based payment Working termination benefits Tax Percentage of total salaries and employee benefits
unaudited *
LAMPIRAN – 5/167- SCHEDULE
359
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
44. INFORMASI MENGENAI PIHAK BERELASI (lanjutan)
44. RELATED PARTIES INFORMATION (continued)
Tidak terdapat kerugian penurunan nilai atas saldo transaksi selama periode/tahun berjalan dengan personil manajemen kunci, dan tidak ada penyisihan khusus yang dibuat untuk kerugian penurunan nilai atas transaksi dengan personil manajemen kunci dan kerabat dekat mereka pada akhir periode/tahun. 45. KEPENTINGAN NON-PENGENDALI
No impairment losses have been recorded against balances outstanding during the period/year with key management personnel, and no specific allowance has been made for impairment losses on balances with key management personnel and their immediate relatives at the period/year end. 45. NON-CONTROLLING INTERESTS
Kepentingan non-pengendali atas kekayaan bersih Anak Perusahaan adalah sebagai berikut:
31 Desember/ December 2010 2009
31 Maret/ March 2011 Kepentingan non-pengendali pada awal periode/tahun Penambahan kepentingan non-pengendali akibat perubahan penyertaan Bagian kepentingan non-pengendali atas (kerugian)/keuntungan yang belum direalisasi atas efek-efek dan Obligasi Pemerintah dalam kelompok yang tersedia untuk dijual setelah pajak Penyesuaian sehubungan dengan Penerapan PSAK No.55 (Revisi 2006) (Catatan 55) Bagian kepentingan non-pengendali atas laba bersih periode/tahun berjalan Bagian kepentingan non-pengendali atas laba bersih tahun 2008 dan 2007 Pembagian tantiem Pembagian dividen Kepentingan non-pengendali pada akhir periode/tahun
The movements of the non-controlling interests’ share in the net assets of the Subsidiaries are as follows: 1 January/ January 2009
159,241
96,235
530,197
-
8,500
(395,671)
(521)
-
26,166
-
184,886
(394)
6,717
(3,825)
-
100,293
81,189
(41,568)
1,303 (127,500)
159,241
96,235
* tidak diaudit
337,038
-
Non-controlling interests at the beginning of period/year Additional in non-controlling interest due to changing in investment
Unrealised (losses)/gains of available for sale marketable securities and Goverment Bonds attributable to non-controlling (5,043) interest, net of tax Adjustment in connection with the implementation of SFAS No. 55 (2006 Revision) (Note 55) Net income for the period/year attributable to 271,982 non-controlling interest Net income of 2008 and 2007 attributable to (69) non-controlling interest (3,711) Tantiem distribution (70,000) Dividend distribution
530,197
Non-controlling interests at the end of period/year
unaudited *
LAMPIRAN – 5/168- SCHEDULE
360
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
46. INFORMASI SEGMEN OPERASI
46. OPERATING SEGMENT INFORMATION
Informasi yang berkaitan dengan segmen usaha utama secara konsolidasian disajikan dalam tabel di bawah ini:
Information concerning the main business segments as a consolidated entity was set out in the table below:
31 Maret/March 2011 Retail Hasil segmen Pendapatan bunga, bersih Pendapatan selain bunga Jumlah pendapatan operasional Beban operasional Beban atas kredit Pendapatan dan beban bukan operasional - bersih Laba sebelum pajak penghasilan Beban pajak penghasilan Laba bersih
1)
Mid Size
2)
Wholesale
3)
Jumlah/Total Segment results Net interest income Non interest income
2,146,071 778,843
285,590 63,504
176,914 2,513
2,608,575 844,860
2,924,914 (1,515,228) (600,139)
349,094 (176,675) (22,658)
179,427 (72,808) 4,742
3,453,435 (1,764,711) (618,055)
(9,350)
(10,791)
Total operating income Operating expenses Cost of credit Non-operating income and expenses - net
Income before tax Income tax expenses
(1,806)
365
807,741 (197,237)
150,126 (39,633)
102,011 (34,181)
1,059,878 (271,051)
610,504
110,493
67,830
788,827
Net income
31 Maret/March 2011 Retail
1)
Mid Size
2)
Wholesale
3)
Jumlah/Total
Aset Segmen: Pinjaman yang diberikan dan piutang pembiayaan konsumen, tidak termasuk piutang bunga Aset treasuri
Segment Assets:
54,102,557 -
20,641,257 -
11,009,264 22,876,020
54,102,557
20,641,257
33,885,284
Aset yang tidak dapat dialokasi Jumlah aset Liabilitas Segmen Pendanaan Liabilitas treasuri
Loans and consumer financing receivables, excluding 85,753,078 interest receivables 22,876,020 Treasury assets 108,629,098 14,175,037
Unallocated assets
122,804,135
Total assets Segment Liabilities: Funding Treasury liabilities
53,715,851 -
19,178,806 -
9,600,953 14,558,349
82,495,610 14,545,460
53,715,851
19,178,806
24,159,302
97,041,070
Liabilitas yang tidak dapat dialokasi Jumlah liabilitas
* tidak diaudit
7,442,750
Unallocated liabilities
104,483,820
Total liabilities
unaudited *
LAMPIRAN – 5/169- SCHEDULE
361
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
46. INFORMASI SEGMEN OPERASI (lanjutan)
46. OPERATING SEGMENT INFORMATION (continued) 31 Maret/March 2010
Retail Hasil segmen Pendapatan bunga, bersih Pendapatan selain bunga Jumlah pendapatan operasional Beban operasional Beban atas kredit Pendapatan dan beban bukan operasional - bersih Amortisasi Goodwill Laba sebelum pajak penghasilan Beban pajak penghasilan Laba bersih
1)
Mid Size
2)
Wholesale
3)
Jumlah/Total Segment results Net interest income Non interest income
1,894,907 635,282
325,534 50,438
173,708 5,884
2,394,149 691,604
2,530,189 (1,219,169) (515,438)
375,972 (174,686) (68,794)
179,592 (78,124) 5,787
3,085,753 (1,471,979) (578,445)
(2,626) (51,841)
(387) -
5,163 -
2,150 (51,841)
Total operating income Operating expenses Cost of credit Non-operating income and expenses - net Goodwill amortization
741,115 (196,202)
132,105 (34,875)
112,418 (31,474)
985,638 (262,551)
Income before tax Income tax expenses
544,913
97,230
80,944
723,087
Net income
31 Maret/March 2010 Retail
1)
Mid Size
2)
Wholesale
3)
Jumlah/Total
Aset Segmen: Pinjaman yang diberikan dan piutang pembiayaan konsumen, tidak termasuk piutang bunga Aset treasuri
Segment Assets:
39,740,941 -
16,340,314 -
8,185,622 18,549,949
Loans and consumer financing receivables, excluding 64,266,877 interest receivables 18,549,949 Treasury assets
39,740,941
16,340,314
26,735,571
82,816,826
Aset yang tidak dapat dialokasi
14,513,419
Unallocated assets
Jumlah aset
97,330,245
Total assets Segment Liabilities: Funding Treasury liabilities
Liabilitas Segmen Pendanaan Liabilitas treasuri
45,190,158 -
13,399,581 -
6,989,015 8,762,627
65,578,754 8,762,627
45,190,158
13,399,581
15,751,642
74,341,381
Liabilitas yang tidak dapat dialokasi Jumlah liabilitas
* tidak diaudit
6,030,701
Unallocated liabilities
80,372,082
Total liabilities
unaudited *
LAMPIRAN – 5/170- SCHEDULE
362
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
46. INFORMASI SEGMEN OPERASI (lanjutan)
46. OPERATING SEGMENT INFORMATION (continued) 31 Desember/December 2010
Retail Hasil segmen Pendapatan bunga, bersih Pendapatan non bunga Jumlah pendapatan operasional Beban operasional Beban atas kredit Pendapatan dan beban bukan operasional - bersih Amortisasi Goodwill Laba sebelum pajak penghasilan Beban pajak penghasilan Laba bersih
1)
Mid Size
7,914,715 2,914,029 10,828,744 (5,408,328) (2,007,572) (27,002) (207,365)
2)
1,228,291 247,725 1,476,016 (714,884) (311,924) 2,221 -
Wholesale
3)
765,444 172,894 938,338 (458,308) (117,148) 8,743 -
Jumlah/Total
(16,038) (207,365)
Segment results Net interest income Non interest income Total operating incpme Operating expenses Cost of credit Non-operating income and expenses - net Goodwill amortization Income before tax Income tax expenses
9,908,450 3,334,648 13,243,098 (6,581,520) (2,436,644)
3,178,477 (816,419)
451,429 (119,177)
371,625 (82,174)
4,001,531 (1,017,770)
2,362,058
332,252
289,451
2,983,761
Net income
31 Desember/December 2010 Retail Aset Segmen: Pinjaman yang diberikan dan piutang pembiayaan konsumen, tidak termasuk piutang bunga Aset treasuri
1)
Mid Size
2)
Wholesale
3)
Segment Assets:
51,506,688 -
19,639,187 -
11,279,511 22,379,822
51,506,688
19,639,187
33,659,333
Aset yang tidak dapat dialokasi Jumlah aset Liabilitas Segmen: Pendanaan Liabilitas treasuri
Jumlah/Total
Loans and consumer financing receivables, excluding 82,425,386 interest receivables 22,379,822 Treasury assets 104,805,208 13,401,365
Unallocated assets
118,206,573
Total assets Segment Liabilities: Funding Treasury liabilities
53,375,077 -
18,172,673 -
9,373,532 12,791,036
80,921,282 12,791,036
53,375,077
18,172,673
22,164,568
93,712,318
Liabilitas yang tidak dapat dialokasi Jumlah liabilitas
* tidak diaudit
5,885,227
Unallocated liabilities
99,597,545
Total liabilities
unaudited *
LAMPIRAN – 5/171- SCHEDULE
363
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
46. INFORMASI SEGMEN OPERASI (lanjutan)
46. OPERATING SEGMENT INFORMATION (continued) 31 Desember/December 2009
Retail Hasil segmen Pendapatan bunga, bersih Pendapatan non bunga Jumlah pendapatan operasional Beban operasional Beban atas kredit Pendapatan dan beban bukan operasional - bersih Amortisasi Goodwill Laba sebelum pajak penghasilan Beban pajak penghasilan Laba bersih
1)
Mid Size
7,491,289 1,441,629 8,932,918 (4,686,810) (1,866,040)
2)
Wholesale
1,177,688 262,303 1,439,991 (614,542) (396,448)
(45,182) (207,365)
3)
25,564 -
(13,103) (207,365)
Segment results Net interest income Non interest income Total operating incpme Operating expenses Cost of credit Non-operating income and expenses - net Goodwill amortization Income before tax Income tax expenses
792,983 193,150 986,133 (383,231) (820,943)
6,515 -
Jumlah/Total 9,461,960 1,897,082 11,359,042 (5,684,583) (3,083,431)
2,127,521 (614,039)
435,516 (126,300)
(192,477) (16,499)
2,370,560 (756,838)
1,513,482
309,216
(208,976)
1,613,722
Net income
31 Desember/December 2009 Retail
1)
Mid Size
2)
Wholesale
3)
Jumlah/Total
Aset Segmen: Pinjaman yang diberikan dan piutang pembiayaan konsumen, tidak termasuk piutang bunga Aset treasuri
Segment Assets:
38,308,239 -
16,480,600 -
8,320,326 21,617,577
Loans and consumer financing receivables, excluding 63,109,165 interest receivables 21,617,577 Treasury assets
38,308,239
16,480,600
29,937,903
84,726,742
Aset yang tidak dapat dialokasi
13,871,211
Unallocated assets
Jumlah aset
98,597,953
Total assets Segment Liabilities: Funding Treasury liabilities
Liabilitas Segmen Pendanaan Liabilitas treasuri
46,535,573 -
15,001,598 -
6,882,243 8,941,378
68,419,414 8,941,378
46,535,573
15,001,598
15,823,621
77,360,792
Liabilitas yang tidak dapat dialokasi Jumlah liabilitas 1)
5,335,175
Unallocated liabilities
82,695,967
Total liabilities
Retail terdiri dari bisnis mikro, kartu kredit, syariah, bisnis asuransi, pembiayaan konsumen, pawnbroking dan perbankan retail.
1)
Retail consists of micro business, credit card, sharia, insurance business, consumer financing, pawnbroking and retail banking.
2)
Mid size terdiri dari usaha kecil dan menengah dan komersial.
2)
Mid size consists of small medium enterprise and commercial.
3)
Wholesale terdiri dari perbankan korporasi, institusi keuangan dan tresuri.
3)
Wholesale consists of corporate banking, financial institution and treasury.
* tidak diaudit
unaudited *
LAMPIRAN – 5/172- SCHEDULE
364
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
47. MANAJEMEN RISIKO KEUANGAN
47. FINANCIAL RISK MANAGEMENT
Bank memiliki eksposur terhadap risiko di bawah ini yang berasal dari instrumen keuangan: - Risiko kredit - Risiko pasar - Risiko likuiditas - Risiko operasional
The Bank has exposures to the following risks from financial instruments: - Credit risk - Market risk - Liquidity risk - Operational risk
Catatan di bawah ini menyajikan informasi mengenai eksposur Bank terhadap setiap risiko di atas, tujuan, kebijakan dan proses yang dilakukan oleh Bank dalam mengukur dan mengelola risiko.
The following notes present information about the Bank’s exposure to each of the above risks, the Bank’s objectives and policies for measuring and managing risk.
a. Kerangka manajemen risiko
a.
Risk management framework
Organisasi manajemen risiko Bank melibatkan pengawasan dari Dewan Komisaris, Direksi dan Komite Pengawasan Risiko. Komite Pengawasan Risiko merupakan pengawas risiko tertinggi di Dewan Komisaris. Komite Pengawasan Risiko tersebut menyetujui dan memonitor pelaksanaan kerangka dan kebijakan manajemen risiko Bank dan Anak Perusahaan. Komite Pengawasan Risiko tersebut mengadakan pertemuan setiap bulannya untuk menilai kinerja dari setiap portofolio kredit dan mendiskusikan masalah-masalah risiko. Dewan Komisaris mendelegasikan kuasa kepada Direktur Utama dan Direksi untuk mengimplementasikan strategi manajemen risiko. Komite Pengawasan Risiko dibentuk oleh Direksi dan bertanggungjawab untuk mengelola risiko yang ada di Bank dan Anak Perusahaan. Komite Pengawasan Risiko tersebut terdiri dari semua anggota Direksi dan senior manajer eksekutif. Komite Manajemen Risiko diketuai oleh Direktur Bidang Risiko.
The organization of the Bank’s risk management involves oversight from the Board of Commissioners, the Board of Directors, and the Risk Monitoring Committee. The Risk Monitoring Committee is the highest risk authority in the Board of Commissioners’ level. The Risk Monitoring Committee approves and monitors the implementation of risk management policies and framework of the Bank and its subsidiaries. The Risk Monitoring Committee meets every month to assess the performance of the respective credit portfolios and discuss risk issues. Board of Commissioners delegate authority to the President Director and Board of Directors to implement the risk management strategy. The Risk Monitoring Committee is established by the Board of Directors and is responsible for managing risk of the Bank and its subsidiaries. The Risk Monitoring Committee comprises of all members of the Board of Directors and senior management executives. It is chaired by Integrated Risk Director.
Kebijakan manajemen risiko Bank ditetapkan untuk mengidentifikasi dan menganalisa risiko-risiko yang dihadapi Bank, untuk menetapkan batasan risiko dan pengendalian yang sesuai, serta untuk mengawasi risiko dan kepatuhan terhadap batasan yang telah ditetapkan. Kebijakan dan sistem manajemen risiko ditelaah secara berkala untuk mencerminkan perubahan dalam kondisi pasar, produk, dan jasa yang ditawarkan. Bank, melalui pelatihan serta standar dan prosedur pengelolaan, berusaha untuk mengembangkan lingkungan pengendalian yang taat dan konstruktif, dimana semua karyawan memahami tugas dan kewajiban mereka.
The Bank’s risk management policies are established to identify and analyze the risks faced by the Bank, to set appropriate risk limits and controls, and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions, products and services offered. The Bank, through its training and management standards and procedures, aims to develop a disciplined and constructive control environment, in which all employees understand their roles and obligations.
* tidak diaudit
unaudited *
LAMPIRAN – 5/173- SCHEDULE
365
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
47. MANAJEMEN RISIKO KEUANGAN (lanjutan)
47. FINANCIAL RISK MANAGEMENT (continued)
a. Kerangka manajemen risiko (lanjutan)
a.
Komite Audit Bank memiliki tanggung jawab untuk memantau kepatuhan terhadap kebijakan dan prosedur manajemen risiko, dan untuk menelaah kecukupan kerangka manajemen risiko yang terkait dengan risiko-risiko yang dihadapi oleh Bank. Dalam menjalankan fungsinya, Komite Audit dibantu oleh Internal Audit Departemen. Internal Audit secara berkala maupun sesuai kebutuhan, menelaah pengendalian dan prosedur manajemen risiko dan melaporkan hasilnya ke Komite Audit Bank. b. Risiko kredit
Risk management framework (continued) The Bank’s Audit Committee is responsible for monitoring compliance with the Bank’s risk management policies and procedures, and for reviewing the adequacy of the risk management framework in relation to the risks faced by the Bank. The Bank’s Audit Committee is assisted in these functions by Internal Audit. Internal Audit undertakes both regular and ad-hoc reviews of risk management controls and procedures, the results of which are reported to the Bank’s Audit Committee.
b.
Credit risk
Risiko kredit adalah risiko terjadinya kerugian keuangan yang disebabkan nasabah atau counterparty gagal memenuhi kewajibannya.
Credit risk is defined as the risk of losses associated with the possibility that a customer or counterparty fail to meet its obligation.
Risiko kredit dikelola melalui penetapan kebijakan kebijakan dan proses-proses yang meliputi kriteria pemberian kredit, origination dan persetujuan kredit, penetapan harga, pemantauan, pengelolaan kredit bermasalah dan manajemen portofolio. Bank juga dengan ketat memantau perkembangan portofolio kredit Bank, termasuk Anak-anak Perusahaan yang memungkinkan Bank untuk melakukan tindakan pencegahan secara tepat waktu apabila terjadi penurunan kualitas kredit.
Credit risk is managed through established policies and processes covering credit acceptance criteria, credit origination and approval, pricing, monitoring, problem loan management and portfolio management. The Bank also closely monitors the development of its loan portfolios, including its Subsidiaries to enable the Bank initiate a preventive action in a timely manner when there is a deterioration in credit quality.
Produk program telah dikembangkan oleh masingmasing bisnis unit berdasarkan kebijakan kredit yang telah ditetapkan.
Product programs have been developed by each business unit based on the established credit policy.
Sistem Informasi Manajemen telah tersedia dan mencakup tingkat yang cukup rinci untuk mendeteksi setiap perkembangan yang kurang baik sedini mungkin sehingga memungkinkan dilakukannya tindakan secara tepat waktu atas penurunan kualitas kredit atau untuk meminimalisasi kerugian kredit.
Management Information Systems (MIS) are in place and cover a sufficient level of detail to detect any adverse development at an early stage, allowing for timely measures to be taken to counteract for any possible deterioration in credit quality or to minimize credit losses.
Bank sedang mengembangkan sistem pemeringkat kredit untuk bisnis korporasi dan komersial dalam rangka meningkatkan manajemen portofolio. Usaha ini telah dilakukan melalui konsultasi dengan Moody’s KMV.
The Bank is in the process of developing a credit risk rating system for its corporate and commercial business in order to enhance portfolio management. This action is currently performed through a consultation with Moody’s KMV.
Bank secara aktif terlibat dalam persiapan penerapan Basel II sesuai dengan panduan dari Bank Sentral.
The Bank is actively involved in the preparation of Basel II implementation in accordance with the Central Bank guidelines.
* tidak diaudit
unaudited *
LAMPIRAN – 5/174- SCHEDULE
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PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
47. MANAJEMEN RISIKO KEUANGAN (lanjutan)
47. FINANCIAL RISK MANAGEMENT (continued) b.
b. Risiko kredit (lanjutan) i.
Credit risk (continued) i.
Eksposur maksimum terhadap risiko kredit
Maximum exposure to credit risk
Untuk aset keuangan yang diakui di laporan posisi keuangan konsolidasian, eksposur maksimum terhadap risiko kredit sama dengan nilai tercatatnya. Untuk liabilitas kontinjensi, eksposur maksimum terhadap risiko kredit adalah nilai maksimum yang harus Bank bayarkan dalam hal timbul kewajiban atas instrumen yang diterbitkan. Untuk komitmen kredit, eksposur maksimum terhadap risiko kredit adalah sebesar jumlah fasilitas yang belum ditarik dari nilai penuh fasilitas kredit yang telah disepakati (committed) kepada nasabah.
For financial assets recognized on the consolidated statement of financial position, the maximum exposure to credit risk equals their carrying amount. For contingent liabilities, the maximum exposure to credit risk is the maximum amount that the Bank would have to pay if the obligations of the instruments issued are called upon. For credit commitments, the maximum exposure to credit risk is the full amount of the un-drawn committed credit facilities granted to customers.
Tabel berikut menyajikan eksposur maksimum terhadap risiko kredit Bank atas instrumen keuangan pada laporan posisi keuangan dan komitmen dan kontinjensi (rekening administratif), tanpa memperhitungkan agunan yang dimiliki atau jaminan kredit lainnya.
The following table presents the Bank’s maximum exposure to credit risk of statements of financial position and offbalance sheet financial instruments, without taking into account of any collateral held or other credit enhancement.
31 Maret/ March 2011
31 Desember/December 2010 2009
Laporan Posisi Keuangan: Giro pada Bank Indonesia
5,864,250
5,274,888
3,820,180
Giro pada bank lain Penempatan pada bank lain dan Bank Indonesia Tagihan derivatif Pinjaman yang diberikan Piutang pembiayaan konsumen Efek-efek
1,085,013
1,658,426
1,907,506
10,417,692 206,038 76,376,557
9,257,137 189,545 73,268,325
4,189,435 322,103 58,367,570
6,935,814 5,758,610
6,663,061 5,323,969
2,654,674 4,431,548
885,805 5,612,754 76,703 1,501,663 114,720,899
759,124 6,138,340 62,017 193,645 108,788,477
1,109,287 11,010,829 28,856 328,455 88,170,443
Tagihan akseptasi Obligasi Pemerintah Piutang premi Aset lain-lain - bersih
Komitmen dan kontinjensi: Fasilitas kredit kepada debitur yang belum digunakan Garansi yang diterbitkan Letters of credit yang tidak dapat dibatalkan
Jumlah
Statements of Financial Position: Current accounts with Bank Indonesia Current accounts with other banks Placements with other banks and Bank Indonesia Derivative receivables Loans Consumer financing receivables Marketable securities Acceptance receivables Premium receivables Government Bonds Other assets - net
Off-Balance Sheet: 37,534 1,860,881
43,756 2,146,036
2,196,477
1,314,476 3,212,891
1,347,173 3,536,965
1,113,562 3,310,039
117,933,790
112,325,442
91,480,482
* tidak diaudit
Unused loan facilities Guarantees issued Irrevocable letters of credit issued
Total
unaudited *
LAMPIRAN – 5/175- SCHEDULE
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PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
47. MANAJEMEN RISIKO KEUANGAN (lanjutan)
47. FINANCIAL RISK MANAGEMENT (continued) b.
b. Risiko kredit (lanjutan) ii.
iii.
Credit risk (continued) ii.
Analisis risiko konsentrasi kredit
Concentration of credit risk analysis
Risiko konsentrasi kredit timbul ketika sejumlah pelanggan bergerak dalam aktivitas usaha yang sejenis atau memiliki kegiatan usaha dalam wilayah geografis yang sama, atau memiliki karakteristik yang sejenis yang dapat menyebabkan kemampuan nasabah untuk memenuhi kewajiban kontraktualnya sama-sama dipengaruhi oleh perubahan kondisi ekonomi ataupun kondisi lainnya.
Concentrations of credit risk arise when a number of customers are engaged in similar business activities or activities within the same geographic region, or when they have similar characteristics that would cause their ability to meet contractual obligations to be similarly affected by changes in economic or other conditions.
Bank mendorong adanya diversifikasi dari portofolio kreditnya pada berbagai wilayah geografis, industri, dan produk kredit sebagai upaya untuk meminimalisasi risiko kredit.
The Bank encourages the diversification of its credit portfolio among a variety of geographies, industries, and credit product in order to minimize the credit risk.
Penambahan diversifikasi ini berdasarkan rencana strategi Bank, sektor target, kondisi ekonomi saat ini, kebijakan pemerintah, sumber pendanaan, dan proyeksi pertumbuhan. Konsentrasi kredit yang diberikan berdasarkan jenis kredit, mata uang, sektor ekonomi dan wilayah geografis diungkapkan pada Catatan 10.
The extent of diversification is based on the Bank’s strategic plan, target sectors, current economic conditions, government policy, funding sources and growth projections. Concentration of credit risk of loans receivable by type of loans, currency, economic sector and geographic region is disclosed in Note 10.
Konsentrasi berdasarkan jenis debitur
iii.
Tabel berikut menyajikan konsentrasi aset keuangan berdasarkan jenis debitur:
Concentration by type of debtors The following table presents the concentration of financial assets by type of debtors:
31 Maret/March 2011
Korporasi Pemerintah dan Bank Indonesia Bank - bank Retail Total
Piutang premi dan Piutang aset lainPenempatan Giro pada pembiayaan lain/ bank lain dan pada bank lain Komitmen dan Tagihan Tagihan Pinjaman konsumen/ Premium dan BI/ Obligasi BI/Current kontinjensi/ derivatif/ yang Consumer receivables akseptasi/ Pemerintah/ Commitments account with Placement with Efek-efek/ diberikan/ financing and other Acceptance Government marketable Derivative other banks and Jumlah/ other banks assets receivables receivables Loans securities receivables and BI contingencies Total and BI Bonds 477,566 58,515 22,183,957 416,305 372,009 868,909 2,317,974 26,695,235 5,864,250 1,085,013 6,949,263
7,446,345 2,971,347 10,417,692
4,692,627 588,417 5,758,610
147,523 206,038
472,411 464,278 53,255,911 76,376,557
58,685 447,688 6,519,509 699,984 6,935,814 1,578,366
* tidak diaudit
- 5,612,754 16,896 885,805 5,612,754
% 23%
248,146 24,395,218 21% 3,578 5,724,740 4% 643,193 61,118,597 52% 3,212,891 117,933,790 100%
Corporates Government and Bank Indonesia Banks Retail
unaudited *
LAMPIRAN – 5/176- SCHEDULE
368
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
47. MANAJEMEN RISIKO KEUANGAN (lanjutan)
47. FINANCIAL RISK MANAGEMENT (continued) b.
b. Risiko kredit (lanjutan) iii.
Konsentrasi (lanjutan)
berdasarkan
jenis
debitur
Credit risk (continued) iii.
Concentration by type of debtors (continued)
31 Desember/December 2010
Korporasi Pemerintah dan Bank Indonesia Bank - bank Retail Total
Piutang premi dan Penempatan aset lainGiro pada Piutang lain/ bank lain dan pada bank lain Komitmen dan pembiayaan dan BI/ Tagihan kontinjensi/ BI/Current Tagihan Pinjaman konsumen/ Premium Obligasi account with Placement with Efek-efek/ derivatif/ Consumer receivables akseptasi/ Pemerintah/ Commitments yang financing and other Acceptance Government other banks other banks marketable Derivative and Jumlah/ diberikan/ % assets receivables and BI and BI securities receivables Bonds contingencies Total Loans receivables 465,597 38,714 21,948,042 349,023 214,737 753,882 2,597,715 26,367,710 24% 5,274,888 1,658,426 6,933,314
5,561,356 3,695,781 9,257,137
4,103,503 754,869 5,323,969
150,831 189,545
428,752 501,340 50,390,191 73,268,325
6,314,038 6,663,061
14,589 26,336 255,662
- 6,138,340 5,242 759,124 6,138,340
293,581 21,800,420 19% 32,188 6,813,266 6% 613,481 57,344,046 51% 3,536,965 112,325,442 100%
Corporates Government and Bank Indonesia Banks Retail
31 Desember/December 2009
Korporasi Pemerintah dan Bank Indonesia Bank - bank Retail Total
Piutang premi dan aset lainPiutang Giro pada Penempatan lain/ pembiayaan bank lain dan pada bank lain Komitmen dan Tagihan Tagihan Pinjaman konsumen/ Premium kontinjensi/ BI/Current dan BI/ Obligasi derivatif/ yang Consumer receivables akseptasi/ pemerintah/ Commitments account with Placement with Efek-efek/ marketable Derivative diberikan/ financing and other Acceptance Government and contingent- Jumlah/ other banks other banks assets receivables receivables securities receivables Loans and BI and BI bonds cies Total 451,400 94,733 17,440,532 72,805 332,513 1,102,708 2,254,379 21,749,070 3,820,180 1,907,506 5,727,686
1,134,253 3,055,182 4,189,435
3,788,098 192,050 4,431,548
227,370 322,103
205,396 400,939 40,320,703 58,367,570
2,581,869 2,654,674
c. Risiko pasar
9,609 15,189 357,311
- 11,010,829 6,579 1,109,287 11,010,829
% 24%
462,772 20,421,528 22% - 5,799,235 6% 592,888 43,510,649 48% 3,310,039 91,480,482 100%
Corporates Government and Bank Indonesia Banks Retail
c. Market risk
Risiko pasar merupakan risiko yang timbul karena adanya pergerakan faktor pasar dari portofolio yang dimiliki oleh Bank, yang dapat merugikan Bank (adverse movement). Yang dimaksud dengan faktor pasar adalah suku bunga dan nilai tukar, termasuk derivatif dari kedua jenis risiko pasar tersebut misalnya perubahan harga opsi.
Market risk is the risk arising from movement in market variables in portfolios held by the Bank that could incur losses for the Bank (adverse movement). Market variables are defined as interest rates and exchange rates, including derivatives of these two types of market risk, i.e., change in option prices.
Risiko pasar terdapat pada aktivitas fungsional Bank dan kegiatan tresuri. Aktivitas ini mencakup penempatan posisi dalam bentuk surat berharga dan pasar uang maupun penyertaan pada lembaga keuangan lainnya, penyediaan dana (pinjaman dan bentuk sejenis lainnya), dan kegiatan pendanaan dan penerbitan surat utang, serta kegiatan pembiayaan perdagangan.
Market risk exists in both bankwide and treasury activities. These activities include placement in securities and money market, equity participation in other financial institutions, provisions of funds (loans and other similar forms), funding and issuance of debt instruments, and trade financing activities.
Tujuan dari manajemen risiko pasar adalah untuk mengelola dan melakukan kontrol atas eksposur risiko pasar dalam parameter yang dapat diterima, serta memaksimalkan tingkat pengembalian atas risiko.
The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing the return on risk.
* tidak diaudit
unaudited *
LAMPIRAN – 5/177- SCHEDULE
369
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
47. MANAJEMEN RISIKO KEUANGAN (lanjutan)
47. FINANCIAL RISK MANAGEMENT (continued)
c. Risiko pasar (lanjutan)
c. Market risk (continued)
Risiko pasar dikelola melalui kebijakan yang komprehensif dan kerangka limit untuk mengukur dan memonitor nilai risiko berdasarkan tingkat risiko yang akan diambil (risk appetite) oleh Bank. Limit dari risiko pasar dialokasikan pada tingkat bank-wide dan dilaporkan serta dipantau oleh Divisi Market and Liquidity Risks setiap hari. Management Action Triggers (MAT) membantu manajemen pada saat tingkat risiko berada pada posisi tinggi.
Market risk is managed through a comprehensive policy and limit framework to measure and monitor the amount of risk based on risk appetite of the Bank. Market risk limits are allocated at bank-wide level and are reported and monitored by Market Risk on a daily basis. Management Action Triggers (MAT) helps to sensitize the management in case the risk level is high.
ALCO berperan sebagai forum manajemen senior tertinggi untuk mengambil keputusan atas kebijakan yang berkaitan dengan manajemen risiko pasar dan likuiditas. Divisi Market and Liquidity Risks bertanggung jawab untuk melakukan identifikasi, pengukuran, pemantauan dan pengendalian risiko pasar di Bank berdasarkan kerangka yang disetujui oleh ALCO.
ALCO acts as the apex senior management forum charged to take all decisions on policy regarding market and liquidity risk management. Market Risk is responsible for identifying, measuring, monitoring and controlling market risk in the Bank based on framework approved by ALCO.
Secara keseluruhan, risiko pasar dibagi menjadi dua bagian sebagai berikut:
On overall, market risk is divided into two following risks:
i.
i.
Risiko mata uang
Currency risk
Risiko mata uang timbul dari adanya posisi neraca dan komitmen dan kontinjensi (offbalance sheet) baik di sisi aset maupun liabilitas yang timbul melalui transaksi mata uang asing.
Currency risks arise from on- and off-balance sheet positions both on the asset and liability sides through transactions in foreign currencies.
Bank mengukur risiko nilai tukar untuk melihat dampak perubahan nilai tukar pada pendapatan dan modal Bank. Untuk mengelola dan memitigasi risiko nilai tukar, pembatasan posisi secara internal telah ditentukan, sebagai tambahan dari pembatasan regulator sebesar 20%. Untuk posisi devisa terbuka, Bank melakukan analisa sensitivitas dan pembatasan VAR untuk meningkatkan kontrol terhadap risiko nilai tukar.
The Bank measures the foreign exchange risk to understand the impact of the exchange rate movement on the Bank’s revenue and capital. In order to manage and mitigate the foreign exchange risk, predefined internal position limits are set on top of the 20% regulatory limit. For net open position (NOP), we are introducing sensitivity analysis and VAR limits to enhance on control of foreign exchange risk.
* tidak diaudit
unaudited *
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PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
47. MANAJEMEN RISIKO KEUANGAN (lanjutan)
47. FINANCIAL RISK MANAGEMENT (continued)
c. Risiko pasar (lanjutan) i.
c. Market risk (continued)
Risiko mata uang (lanjutan)
i.
Currency risk (continued)
31 Maret/March 2011 Mata Uang Keseluruhan (Laporan posisi keuangan dan Rekening Administratif) Dolar Amerika Serikat Euro Dolar Singapura Dolar Hong Kong Yen Jepang Poundsterling Inggris Dolar Australia Lain-lain Jumlah
Aset/Assets
Laporan posisi keuangan Dolar Amerika Serikat Euro Dolar Singapura Dolar Hong Kong Yen Jepang Poundsterling Inggris Dolar Australia Lain-lain Jumlah
Liabilitas/Liabilities
14,944,150 136,589 311,015 4,194 222,844 86,416 139,312 20,290
15,061,147 140,098 314,058 10 221,371 87,484 138,253 11,489
10,350,518 109,983 310,728 4,194 92,067 54,453 113,624 15,901
12,603,181 105,672 121,029 10 138,498 36,107 84,574 3,946
Jumlah Modal Tier I dan II
Posisi Devisa Neto/ Net Open Position
116,997 3,509 3,043 4,184 1,473 1,068 1,059 *) 8,801 140,134
Statements of financial position (2,252,663) United States Dollar 4,311 Euro 189,699 Singapore Dollar 4,184 Hong Kong Dollar (46,431) Japanese Yen 18,346 Great Britain Poundsterling 29,050 Australian Dollar 11,955 Other currencies Total (2,041,549) 12,877,336 **)
Rasio PDN (Laporan posisi keuangan) Rasio PDN (Keseluruhan)
Currencies Aggregate (Statements of financial position and Off-Balance Sheet) United States Dollar Euro Singapore Dollar Hong Kong Dollar Japanese Yen Great Britain Poundsterling Australian Dollar Other currencies Total
N/A 1.09%
Total Tier I and II Capital NOP Ratio (Statements of financial position NOP Ratio (Aggregate)
31 Desember/December 2010 Mata Uang Keseluruhan (Laporan posisi keuangan dan Rekening Administratif) Dolar Amerika Serikat Euro Dolar Singapura Dolar Hong Kong Yen Jepang Poundsterling Inggris Dolar Australia Lain-lain Jumlah
Aset/Assets
Laporan posisi keuangan Dolar Amerika Serikat Euro Dolar Singapura Dolar Hong Kong Yen Jepang Poundsterling Inggris Dolar Australia Lain-lain Jumlah
Liabilitas/Liabilities
14,413,171 226,947 430,983 4,235 306,785 28,424 112,592 7,207
14,384,568 229,377 422,638 301,809 23,968 108,164 477
10,146,148 189,451 333,481 4,235 147,734 28,424 65,352 7,207
11,730,265 176,858 116,040 203,805 22,337 92,760 477
Jumlah Modal Tier I dan II
Posisi Devisa Neto/ Net Open Position
28,603 2,430 8,345 4,235 4,976 4,456 4,428 *) 6,730 64,203
(1,584,117) 12,593 217,441 4,235 (56,071) 6,087 (27,408) 6,730 (1,420,510) 11,692,325 **)
Rasio PDN (Laporan posisi keuangan) Rasio PDN (Keseluruhan)
N/A 0.55%
* tidak diaudit
Currencies Aggregate (Statements of financial position and Off-Balance Sheet) United States Dollar Euro Singapore Dollar Hong Kong Dollar Japanese Yen Great Britain Poundsterling Australian Dollar Other currencies Total Statements of financial position United States Dollar Euro Singapore Dollar Hong Kong Dollar Japanese Yen Great Britain Poundsterling Australian Dollar Other currencies Total Total Tier I and II Capital NOP Ratio (Statements of financial position NOP Ratio (Aggregate) unaudited *
LAMPIRAN – 5/179- SCHEDULE
371
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
47. MANAJEMEN RISIKO KEUANGAN (lanjutan)
47. FINANCIAL RISK MANAGEMENT (continued)
c. Risiko pasar (lanjutan) i.
c. Market risk (continued)
Risiko mata uang (lanjutan)
i.
Currency risk (continued)
31 Desember/December 2009 Mata Uang Keseluruhan (Laporan posisi keuangan dan Rekening Administratif) Dolar Amerika Serikat Euro Dolar Singapura Dolar Hong Kong Yen Jepang Poundsterling Inggris Dolar Australia Lain-lain Jumlah
Aset/Assets
Laporan posisi keuangan Dolar Amerika Serikat Euro Dolar Singapura Dolar Hong Kong Yen Jepang Poundsterling Inggris Dolar Australia Lain-lain Jumlah
Posisi Devisa Neto/ Net Open Position
Liabilitas/ Liabilities
13,822,839 104,260 223,305 2,330 221,912 30,951 269,564 12,472
13,402,013 92,729 216,648 217,742 29,376 260,885 2,635
12,366,191 85,707 223,305 2,330 184,958 30,951 252,657 12,472
10,875,884 92,729 95,207 178,769 29,376 243,978 1,406
Jumlah Modal Tier I dan II Rasio PDN (Laporan posisi keuangan) Rasio PDN (Keseluruhan)
420,826 11,531 6,657 2,330 4,170 1,575 8,679 *) 9,837 465,605
Currencies Aggregate (Statements of financial position and Off-Balance Sheet) United States Dollar Euro Singapore Dollar Hong Kong Dollar Japanese Yen Great Britain Poundsterling Australian Dollar Other currencies Total
Statements of financial position 1,490,307 United States Dollar (7,022) Euro 128,098 Singapore Dollar 2,330 Hong Kong Dollar 6,189 Japanese Yen 1,575 Great Britain Poundsterling 8,679 Australian Dollar 11,066 Other currencies Total 1,641,222 11,209,102
Total Tier I and II Capital
14.64% 4.15%
NOP Ratio (Statements of financial position NOP Ratio (Aggregate)
*)
Merupakan penjumlahan dari nilai absolut atas selisih aset dan liabilitas di Laporan posisi keuangan untuk setiap mata uang asing ditambah dengan selisih tagihan dan liabilitas dalam bentuk komitmen dan kontinjensi.
*)
The sum of the absolute values of the difference between assets and liabilities at Statement of financial position for each foreign currency and added by the difference between receivables and liabilities in the form of commitment and contingencies.
**)
PBI No.12/10/PBI/2010 tanggal 1 Juli 2010 tentang "Perubahan ketiga atas Peraturan Bank Indonesia No. 5/13/PBI/2003 tentang Posisi Devisa Neto (PDN) Bank Umum” menyatakan bahwa mulai tanggal 1 Juli 2010, Bank hanya diwajibkan untuk memelihara PDN secara keseluruhan paling tinggi 20% dari modal.
**)
BI regulation No. 12/10/PBI/2010 dated 1 July 2010 regarding "Third changes on Bank Indonesia Regulation No. 5/13/PBI/2003 regarding Net Open Position (NOP) for Commercial Banks” stated that starting 1 July 2010, Bank is only required to maintain its aggregate NOP at a maximum of 20% of capital.
* tidak diaudit
unaudited *
LAMPIRAN – 5/180- SCHEDULE
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PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
47. MANAJEMEN RISIKO KEUANGAN (lanjutan)
47. FINANCIAL RISK MANAGEMENT (continued)
c. Risiko pasar (lanjutan) ii.
c. Market risk (continued)
Risiko tingkat suku bunga
ii.
Interest rate risk
Risiko suku bunga adalah potensi kerugian yang timbul akibat pergerakan suku bunga di pasar yang berlawanan dengan posisi atau transaksi Bank yang mengandung risiko suku bunga.
Interest rate risk is the potential loss incurred from adverse movement in market interest rates in respect of a Bank position or transaction carrying interest rate risk.
Tabel di bawah merangkum tingkat suku bunga efektif rata-rata setahun untuk Rupiah dan mata uang asing per 31 Maret 2011 dan 31 Desember 2010.
The table below summarises the weighted average effective interest per annum for Rupiah and foreign currencies as at 31 March 2011 and 31 December 2010.
31 Maret/ March 2011
ASET Giro pada bank lain Penempatan pada bank lain dan Bank Indonesia Efek-efek Pinjaman yang diberikan Piutang pembiayaan konsumen Obligasi Pemerintah KEWAJIBAN Simpanan nasabah - Giro - Tabungan - Deposito berjangka Simpanan dari bank lain Efek yang dijual dengan janji dibeli kembali Obligasi yang diterbitkan Pinjaman yang diterima Pinjaman subordinasi
31 Desember/ December 2010
Rupiah/ Rupiah %
Mata Uang Asing/ Foreign Currencies %
Rupiah/ Rupiah %
Mata Uang Asing/ Foreign Currencies %
0.24
0.01
1.45
0.03
6.58 6.65 16.12 26.99 6.94
0.95 7.38 5.65 -
6.08 6.43 16.38 27.32 7.74
0.76 7.38 5.61 -
1.86 2.57 7.66 6.16
0.51 0.48 1.10 1.10
1.59 2.87 7.54 3.36
0.38 0.47 1.05 1.17
7.98 9.61 8.88 15.23
2.01 -
7.65 9.61 8.56 10.88
2.36 -
* tidak diaudit
ASSETS Current account with other banks Placements with other banks and Bank Indonesia Marketable securities Loans Consumer financing receivables Government Bonds LIABILITIES Deposits from customers Current accounts Savings Time deposits Deposits from other banks Securities sold under repurchase agreements… Bonds issued Borrowings Subordinated debts
unaudited *
LAMPIRAN – 5/181- SCHEDULE
373
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
47. MANAJEMEN RISIKO KEUANGAN (lanjutan)
47. FINANCIAL RISK MANAGEMENT (continued)
c. Risiko pasar (lanjutan) ii.
c. Market risk (continued)
Risiko tingkat suku bunga (lanjutan)
ii.
Interest rate risk (continued)
Bank mengelola risiko suku bunga dengan menggunakan pendekatan analisa gap repricing, simulasi dengan skenario perubahan suku bunga (naik/turun). Untuk meningkatkan pengelolaan risiko tingkat bunga, kita juga sedang menerapkan Earning-at-Risk (EAR) dan Economic Value of Equity (EVE) untuk melengkapi dalam pengukuran risiko. Keduanya akan memberi estimasi dari dampak perubahan suku bunga terhadap pendapatan bank maupun perubahan modal bank.
The Bank manages its interest rate risk through the use of re-pricing gap analysis, simulation with interest rate shock (increase/ decrease) scenario. To enhance our management of interest rate risk, we are implementing likewise Earning-at-Risk (EAR) and Economic Value of Equity (EVE) to supplement gap measures. These two effectively provides insight on the impact of interest rate changes to the Bank’s earnings and capital.
Buku Trading tetap dikelola dengan mengatur posisi, sensitivitas dan nilai VAR. Limit ditetapkan dengan menggunakan pengukuran ini untuk memantau eksposur suku bunga.
Trading book remains to be managed through position, sensitivity, and VAR. Limits are established using these measures to control interest rate exposures.
Tabel di bawah ini menyajikan portofolio Bank (tidak termasuk portofolio yang diperdagangkan) pada nilai tercatatnya, yang dikelompokkan menurut mana yang lebih awal antara tanggal re-pricing atau tanggal jatuh tempo kontraktual:
The table below summarizes the Bank’s nontrading portfolios at carrying amounts, categorized by the earlier of contractual re-pricing or maturity dates:
31 Maret/March 2011 Suku bunga mengambang/ Floating interest rate Suku bunga tetap/Fixed interest rate Lebih dari/ Kurang dari/ Kurang dari/ 12-24 More than 3-12 Less than 3-12 Less than bulan/ bulan/ bulan/ 24 bulan/ 3 bulan/ 3 bulan/ months months months months months months
Nilai tercatat/ Carrying amount
ASET Giro pada Bank Indonesia
5,864,250
-
-
5,864,250
-
-
-
Giro pada bank lain 1,085,013 Penempatan pada bank lain dan Bank Indonesia Indonesia 10,417,692 Efek-efek 5,567,599 Pinjaman yang diberikan 76,376,557 Piutang pembiayaan konsumen 6,935,814 Obligasi Pemerintah 5,524,578 Aset lain-lain - bersih 166,427 Jumlah 111,937,930
-
-
1,085,013
-
-
-
367,394 9,790,268
457,741
9,149,250 1,872,037 17,041,737
871,048 3,036,063 13,841,393
211,642 13,116,337
30,000 447,857 22,129,081
4,226,390 53,681 14,437,733
457,741
1,297,155 36,309,442
2,262,312 245,789 3,167 20,259,772
2,093,964 535,567 15,957,510
1,282,383 516,832 109,579 24,515,732
LIABILITAS Simpanan nasabah
(80,685,103) (11,539,431) (17,976,284) (43,293,349)
(7,840,424)
(35,615)
Simpanan dari bank lain Obligasi yang diterbitkan Pinjaman yang diterima Pinjaman subordinasi Jumlah
(2,324,937) (217,688) (1,893,915) (6,302,358) (140,964) (4,200,020) (2,144,404) (366,473) (25,000) (500,000) (94,012,418) (13,683,835) (18,560,445) (45,353,228)
(213,334) (1,250,000) (500,000) (9,803,758)
(1,992,424) (2,028,039)
Pengaruh dari derivatif untuk manajemen risiko Selisih
17,925,512
(229,369)
(1,773,281)
524,529 (19,875,985)
22,416
261,366
884,928
(9,021,370) 10,717,380
14,814,399
* tidak diaudit
ASSETS Current accounts with Bank Indonesia Current accounts with other banks Placements with other banks and) Bank Indonesia) Marketable securities Loans Consumer financing receivables Government Bonds Other assets - net Total
LIABILITIES - Deposits from customers Deposits from other banks (4,168,970) Bonds issued (414,143) Borrowings Subordinated loan (4,583,113) Total Effect of derivatives held 833,940 for risk management 20,766,559
Difference unaudited *
LAMPIRAN – 5/182- SCHEDULE
374
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
47. MANAJEMEN RISIKO KEUANGAN (lanjutan)
47. FINANCIAL RISK MANAGEMENT (continued)
c. Risiko pasar (lanjutan) ii.
c. Market risk (continued)
Risiko tingkat suku bunga (lanjutan)
ii.
Interest rate risk (continued)
31 Desember/December 2010 Suku bunga mengambang/ Suku bunga tetap/Fixed interest rate Floating interest rate Lebih dari/ Kurang dari/ Kurang dari/ 12-24 3-12 3-12 More than Less than Less than 24 bulan/ bulan/ bulan/ 3 bulan/ 3 bulan/ bulan/ months months months months months months
Nilai tercatat/ Carrying amount
ASET Giro pada Bank Indonesia
5,274,888
-
-
5,274,888
-
-
-
Giro pada bank lain Penempatan pada bank lain dan Bank Indonesia Efek-efek Pinjaman yang diberikan Piutang pembiayaan konsumen Obligasi Pemerintah Aset lain-lain - bersih Jumlah
1,658,426
-
-
1,658,426
-
-
-
9,257,137 5,129,300 73,268,325
365,100 3,203,722
6,326,847
8,892,037 343,340 17,560,772
4,194,863 12,872,790
194,607 13,637,702
396,490 19,666,492
6,663,061 6,051,381 193,645 107,496,163
4,451,173 58,070 8,078,065
6,326,847
1,188,710 34,918,173
2,173,540 411,110 19,652,303
1,981,285 237,738 4,049 16,055,381
1,319,526 951,360 131,526 22,465,394
LIABILITAS Simpanan nasabah
(79,642,803) (14,343,676) (17,116,346) (41,583,311)
(6,502,554)
(96,916)
Simpanan dari bank lain Obligasi yang diterbitkan Pinjaman yang diterima Pinjaman subordinasi Jumlah
(1,937,479) (225,250) - (1,712,229) (6,300,464) (2,481,832) (543,085) (466,860) (25,217) (500,000) (90,862,578) (15,112,011) (17,583,206) ( 43,320,757)
(140,885) (1,026,189) (500,000) (8,169,628)
(2,116,934) (41,521) (2,255,371)
Pengaruh dari derivatif untuk manajemen risiko Selisih
16,633,585
(191,929)
(1,840,902)
(7,225,875) (13,097,261)
30,248
253,433
893,935
(8,372,336) 11,736,108
14,693,945
* tidak diaudit
ASSETS Current accounts with Bank Indonesia Current accounts with other banks Placements with other banks and) Bank Indonesia) Marketable securities Loans Consumer financing receivables Government Bonds Other assets - net Total
LIABILITIES - Deposits from customers Deposits from other banks (4,042,645) Bonds issued (378,960) Borrowings Subordinated loan (4,421,605) Total Effect of derivatives held 855,215 for risk management 18,899,004
Difference
unaudited *
LAMPIRAN – 5/183- SCHEDULE
375
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
47. MANAJEMEN RISIKO KEUANGAN (lanjutan)
47. FINANCIAL RISK MANAGEMENT (continued)
c. Risiko pasar (lanjutan) ii.
c. Market risk (continued)
Risiko tingkat suku bunga (lanjutan)
ii.
Interest rate risk (continued)
31 Desember/December 2009 Nilai tercatat/ Carrying amount
Suku bunga mengambang/ Suku bunga tetap/Fixed interest rate Floating interest rate Kurang dari/ Lebih dari/ Kurang dari/ 12-24 More than 3-12 Less than Less than 3-12 bulan/ bulan/ bulan/ 24 bulan/ 3 bulan/ 3 bulan/ months months months months months months
ASET Giro pada Bank Indonesia
3,820,180
-
-
3,820,180
-
-
-
Giro pada bank lain 1,907,506 Penempatan pada bank lain dan Bank Indonesia Indonesia 4,189,435 Efek-efek 4,232,256 Pinjaman yang diberikan 58,367,570 Piutang pembiayaan konsumen 2,654,674 Obiligasi Pemerintah 10,794,542 Aset lain-lain 328,455 Jumlah 86,294,618
-
-
1,907,506
-
-
-
735,075 12,991,489
5,090,149
2,320,315 3,622,923 7,893,603
199,535 8,745,900
1,134,045 9,870,114
409,798 13,776,315
6,168,389 68,193 19,963,146
5,090,149
546,549 20,111,076
828,286 116,242 3,457 9,893,420
805,592 283,211 12,092,962
474,247 4,226,700 256,805 19,143,865
LIABILITAS Simpanan nasabah
(67,216,228)
(8,790,904) (13,742,620) (37,981,023)
(6,591,173)
(76,272)
Simpanan dari bank lain Obligasi yang diterbitkan Pinjaman yang diterima Pinjaman subordinasi Jumlah
(1,437,814) (2,050,855) (2,393,561) (500,000) (73,598,458)
(234,875) - (1,182,154) (847,324) (828,847) (24,999) (9,873,103) (14,571,467) (39,188,176)
(20,785) (130,819) (74,997) (6,817,774)
(141,000) (50,004) (267,276)
Selisih
12,696,160
10,090,043
(9,481,318) (19,077,100)
3,075,646
11,825,686
ASSETS Current accounts with Bank Indonesia Current accounts with other banks Placements with other banks and) Bank Indonesia) Marketable securities Loans Consumer financing receivables Government Bonds Other assets Total
LIABILITIES (34,236)Deposits from customers Deposits from other banks (1,779,036) Bonds issued (567,390) Borrowings (500,000) Subordinated loan (2,880,662) Total 16,263,203
Difference
Analisis sensitivitas
Sensitivity analysis
Pengelolaan risiko tingkat suku bunga dilengkapi dengan analisa sensitivitas secara periodik untuk mengukur dampak dari perubahan suku bunga yang signifikan. Analisis sensitivitas terhadap kenaikan atau penurunan suku bunga pasar, dengan asumsi perubahan yang simetris pada kurva imbal hasil, posisi keuangan yang konstan menggunakan asumsi perilaku, dengan dampak terhadap aset bersih yang mengandung komponen bunga sebagai berikut:
The interest rate risk management is supplemented by regularly conducting sensitivity analyses on scenarios to see the impact of significant changes in interest rate. An analysis of the Bank’s sensitivity to an increase or decrease in market interest rates, assuming no asymmetrical movement in yield curves, a constant financial position using behavioral assumptions, with impact to net interest bearing assets is as follows:
* tidak diaudit
unaudited *
LAMPIRAN – 5/184- SCHEDULE
376
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
47. MANAJEMEN RISIKO KEUANGAN (lanjutan)
47. FINANCIAL RISK MANAGEMENT (continued)
c. Risiko pasar (lanjutan) ii.
c. Market risk (continued)
Risiko tingkat suku bunga (lanjutan)
ii.
100 bp parallel increase
Interest rate risk (continued)
100 bp parallel decrease
Sensitivitas terhadap risiko suku bunga Per tanggal 31 Maret 2011 Mata uang asing Rupiah
1)
Per tanggal 31 Maret 2010 Mata uang asing Rupiah
1)
Sensitivity to interest rate risk
Per tanggal 31 Desember 2010 Mata uang asing Rupiah
1)
Per tanggal 31 Desember 2009 Mata uang asing Rupiah
2)
(11,597) 217,290
As at 31 March 2011 Foreign currencies Rupiah
1)
11,597 (217,290)
40,079 234,759
As at 31 March 2010 Foreign currencies Rupiah
1)
(40,079) (234,759)
(163,336) 456,071
As at 31 December 2010 Foreign currencies Rupiah
1)
163,336 (456,071)
11,735 (29,251)
As at 31 December 2009 Foreign currencies Rupiah
2)
(11,735) 29,251
1) On 31 March 2011 and 2010 and 31 December 2010 equity was placed in bucket 2 years. 2) On 31 December 2009 equity was placed in bucket 5 years.
1) Pada tanggal 31 Maret 2011 dan 2010 dan 31 Desember 2010 ekuitas ditempatkan dalam bucket 2 tahunan. 2) Pada tanggal 31 Desember 2009 ekuitas ditempatkan dalam bucket 5 tahunan.
d.
d. Risiko likuiditas
Liquidity risk
Risiko likuiditas adalah risiko yang disebabkan antara lain oleh ketidakmampuan Bank dalam memenuhi kewajiban yang telah jatuh tempo dan menutup posisi di pasar. Risiko likuiditas merupakan risiko yang terpenting pada bank umum dan perlu dikelola secara berkesinambungan.
Liquidity risk is a risk caused among others by the inability of the Bank to meet its obligation associated with financial liabilities at due date. Liquidity risk is the most important risk to a commercial bank and as such needs to be managed on an on-going basis.
Asset and Liability Committee (ALCO) berperan sebagai forum manajemen senior tertinggi untuk memonitor situasi likuiditas Bank. ALCO bertanggungjawab untuk menentukan kebijakan dan strategi yang berkaitan dengan aset dan liabilitas Bank sejalan dengan prinsip kehati-hatian manajemen risiko dan peraturan yang berlaku. ALCO menyetujui kerangka limit, mempertimbangkan struktur laporan posisi keuangan jangka panjang dari Bank. ALCO juga menyetujui asumsi likuiditas dan skenario stress testing yang akan diterapkan.
The Asset and Liability Committee (ALCO), which acts as the apex body entrusted to monitor liquidity situation of the Bank. ALCO is in charge of determining the policy and strategy of the Bank’s asset and liabilities in line with the principles of prudent risk management and applicable regulatory requirements. ALCO approves the limit framework, deliberates on the long-term structural statement of financial position positioning of the Bank. In addition, ALCO approves all liquidity assumption and stress testing scenarios.
* tidak diaudit
unaudited *
LAMPIRAN – 5/185- SCHEDULE
377
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
47. MANAJEMEN RISIKO KEUANGAN (lanjutan)
47. FINANCIAL RISK MANAGEMENT (continued) d.
d. Risiko likuiditas (lanjutan)
Liquidity risk (continued)
Bank mengelola risiko likuiditas melalui analisis perbedaan jatuh tempo likuiditas dan rasio-rasio likuiditas. Risiko likuiditas diukur dan dipantau secara harian berdasarkan kerangka kerja limit risiko likuiditas. Kerangka kerja digunakan untuk mengelola situasi likuiditas Bank pada kondisi normal (business-as-usual) dan kejadian kondisi stress. Rencana pendanaan darurat likuiditas (liquidity contingency plan) telah disusun untuk mempersiapkan Bank jika terjadi krisis likuiditas.
The Bank manages liquidity risk through liquidity gap analysis and liquidity ratios. Liquidity risk is measured and monitored on a daily basis based on liquidity risk limit framework. The framework manages the liquidity situation of the Bank under both a business-as-usual and stress event. Liquidity contingency plan is in place to prepare the Bank in the case of a liquidity crisis.
Eksposur terhadap risiko likuiditas
Exposure to liquidity risk
Analisis kesenjangan likuiditas untuk memberikan pandangan terhadap ketidaksesuaian arus kas masuk terkait dengan arus kas keluar di setiap saat. Kondisi ini dikelola secara terpusat oleh Tresuri yang mempunyai akses dan otorisasi secara langsung ke interbank, nasabah besar (institusional) dan professional market yang lainnya, dalam upaya membantu aktivitas bisnis Bank di pengumpulan dana dan pemberian kredit.
Liquidity gap analysis provides insight as to the mismatch of expected cash inflows vis-à-vis outflows on any given day. This is centrally managed within Treasury which has direct and authorized access to interbank, wholesale, and other professional markets, to supplement core banking activities of lending and deposit taking.
Salah satu rasio likuiditas adalah rasio dari aset likuid bersih terhadap liabilitas 1 bulan. Untuk tujuan ini, aset yang bersifat likuid termasuk kas dan setara kas dan efek-efek berperingkat investasi, yang diperdagangkan secara aktif dan likuid di pasar dikurangi dengan simpanan dari bank dan komitmen yang jatuh tempo dalam satu bulan mendatang.
One of liquidity ratios is net liquid assets to 1 month liabilities. For this purpose, net liquid assets are considered as including cash and cash equivalents and investment grade debt securities for which there is an active and liquid market less any deposits from banks and commitments maturing within next month.
* tidak diaudit
unaudited *
LAMPIRAN – 5/186- SCHEDULE
378
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
47. MANAJEMEN RISIKO KEUANGAN (lanjutan)
47. FINANCIAL RISK MANAGEMENT (continued) d.
d. Risiko likuiditas (lanjutan) Pada tanggal 31 Maret 2011, 31 Desember 2010 dan 2009, rasio dari aset likuid bersih terhadap simpanan nasabah adalah sebagai berikut:
Liquidity risk (continued) As of 31 March 2011, 31 December 2010 and 2009, the ratio of net liquid assets to deposits from customers were as follows:
31 Desember/ December 2010 2009
31 Maret/ March 2011 Kas dan setara kas Efek-efek dan Obligasi Pemerintah diperdagangkan, tidak termasuk SBI yang sudah diklasifikasikan sebagai kas dan setara kas Efek-efek dan Obligasi Pemerintah tersedia untuk dijual, tidak termasuk SBI yang sudah diklasifikasikan sebagai kas dan setara kas Simpanan dari bank lain
19,158,955
17,815,360
14,718,845
279,187
281,628
216,287
8,767,415 (2,324,937)
10,198,494 (1,937,479)
8,797,700 (1,437,814)
Jumlah aset likuid bersih
25,880,620
26,358,003
22,295,018
Total net liquid assets
Simpanan dari nasabah
80,685,103
79,642,803
67,216,228
Deposits from customers
32%
33%
33%
Ratio of net liquid assets to deposits from customers
Rasio aset likuid bersih terhadap simpanan dari nasabah
Cash and cash equivalents Trading marketable securities and Government Bonds, excluding Certificates of Bank Indonesia classified as cash and cash equivalents Available for sale marketable securities and Government Bonds, excluding Certificates of Bank Indonesia classified as cash and cash equivalents Deposits from other banks
Sisa jatuh tempo kontraktual dari liabilitas keuangan
Residual contractual maturities of financial liabilities
Tabel di bawah ini menyajikan ekspektasi arus kas dari liabilitas keuangan Bank berdasarkan periode jatuh tempo kontraktual yang terdekat dan asumsi perilaku (behavioral assumptions) pada tanggal laporan posisi keuangan.
The table below shows the expected cash flows on the Bank’s financial liabilities on the basis of their earliest possible contractual maturity and behavioral assumptions as at the statements of financial position date.
Nilai nominal arus masuk/arus keluar yang disajikan pada tabel di bawah ini merupakan arus kas kontraktual yang tidak didiskontokan terkait dengan pokok dan bunga atas liabilitas keuangan. Pengungkapan instrumen derivatif menunjukkan nilai bersih derivatif yang dapat diselesaikan secara neto, juga arus masuk dan arus keluar bruto untuk derivatif yang diselesaikan bruto secara bersamaan (misalnya, kontrak berjangka valuta asing).
The nominal inflow/outflow disclosed in the following table represents the contractual undiscounted cash flows relating to the principal and interest on the financial liability or commitment. The disclosure for derivatives shows a net amount for derivatives that are net settled, but a gross inflow and outflow amount for derivatives that have simultaneous gross settlement (e.g. currency forward).
* tidak diaudit
unaudited *
LAMPIRAN – 5/187- SCHEDULE
379
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
47. MANAJEMEN RISIKO KEUANGAN (lanjutan)
47. FINANCIAL RISK MANAGEMENT (continued) d.
d. Risiko likuiditas (lanjutan)
Liquidity risk (continued) Residual contractual maturities of financial liabilities (continued)
Sisa jatuh tempo kontraktual dari liabilitas keuangan (lanjutan)
31 Maret/March 2011 Nilai tercatat/ Carrying amount
Liabilitas non derivatif: Simpanan dari nasabah Simpanan dari bank lain Efek yang dijual dengan janji dibeli kembali Liabilitas akseptasi Pinjaman yang diterima Obligasi yang diterbitkan Pinjaman subordinasi Derivatif: Arus keluar Arus masuk
Kurang dari 1 bulan/Less than 1 month
1 - 3 bulan/ months
>3 - 12 bulan/ months
(80,685,103)
(10,965,607)
(9,078,521)
(9,916,890)
(2,324,937)
(1,762,925)
(66,993)
(495,019)
(2,790,276) (887,004) (4,200,020) (6,302,358) (500,000) (97,689,698)
(953) (197,851) (1,711,853) (14,639,189)
(14,323) (445,019) (16,675) (140,964) (9,762,495)
(625,000) (244,134) (1,586,219) (500,000) (13,367,262)
(7,702,129) 7,432,504 (269,625)
(1,645,661) 1,649,016 3,355
(1,278,781) 1,259,167 (19,614)
(1,125,386) 1,033,648 (91,738)
(97,959,323)
(14,635,834)
(9,782,109)
(13,459,000)
>12 bulan/ months
Non-derivative liabilities: (50,724,085) Deposits from customers Deposits from other banks Securities sold under (2,150,000)repurchase agreements Acceptance payables (885,273) Borrowing (6,161,394) Bonds issued Subordinated debts (59,920,752) Derivatives: (3,652,301) Outflow 3,490,673 Inflow (161,628) (60,082,380)
31 Desember/December 2010 Kurang dari 1 bulan/Less than Nilai tercatat/ Carrying amount 1 month
Liabilitas non derivatif: Simpanan dari nasabah Simpanan dari bank lain Efek yang dijual dengan janji dibeli kembali Liabilitas akseptasi Pinjaman yang diterima Obligasi yang diterbitkan Pinjaman subordinasi Derivatif: Arus keluar Arus masuk
1 - 3 bulan/ months
>3 - 12 bulan/ months
(79,642,803)
(13,069,387)
(8,021,608)
(11,278,711)
(1,937,479)
(1,613,185)
(275,849)
(48,445)
(2,790,127) (759,124) (2,481,832) (6,300,464) (500,000) (94,411,829)
(631) (157,832) (104,345) (14,945,380)
(14,496) (345,671) (75,331) (8,732,955)
(625,000) (255,621) (1,257,512) (140,885) (500,000) (14,106,174)
(7,420,453) 7,190,806 (229,647)
(2,625,220) 2,620,964 (4,256)
(297,391) 271,039 (26,352)
(1,319,871) 1,238,134 (81,737)
(94,641,476)
(14,949,636)
(8,759,307)
(14,187,911)
* tidak diaudit
>12 bulan/ months
Non-derivative liabilities: (47,273,097) Deposits from customers Deposits from other banks Securities sold under (2,150,000)repurchase agreements Acceptance payables (1,044,644) Borrowing (6,159,579) Bonds issued Subordinated debts (56,627,320) Derivatives: (3,177,971) Outflow 3,060,669 Inflow (117,302) (56,744,622)
unaudited *
LAMPIRAN – 5/188- SCHEDULE
380
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
47. MANAJEMEN RISIKO KEUANGAN (lanjutan)
47. FINANCIAL RISK MANAGEMENT (continued) d.
d. Risiko likuiditas (lanjutan) Sisa jatuh tempo kontraktual dari liabilitas keuangan (lanjutan)
Nilai tercatat/ Carrying amount Liabilitas non derivatif: Simpanan dari nasabah Simpanan dari bank lain Efek yang dijual dengan janji dibeli kembali Liabilitas akseptasi Pinjaman yang diterima Obligasi yang diterbitkan Pinjaman subordinasi Derivatif: Arus keluar Arus masuk
Liquidity risk (continued) Residual contractual maturities of financial liabilities (continued)
31 Desember/December 2009 Kurang dari 1 bulan/Less than 1 - 3 bulan/ >3 - 12 bulan/ 1 month months months
>12 bulan/ months
(1,437,814)
(1,154,626)
(27,528)
(20,785)
(3,754,370) (1,170,870) (2,393,561) (2,050,855) (500,000) (78,523,698)
(150,911) (106,311) (14,971,971)
(669,242) (157,155) (5,444,108)
(348,752) (326,725) (130,819) (8,693,707)
(3,968,066) 3,977,071 9,005
(1,236,728) 1,252,943 16,215
(871,937) 896,232 24,295
(1,288,894) 1,235,664 (53,230)
Non-derivative liabilities: (41,199,296) Deposits from customers Deposits from other (234,875) banks Securities sold under (3,754,370) repurchase agreement (1,965) Acceptance payables (1,803,370) Borrowing (1,920,036) Bond issued (500,000) Subordinated debt (49,413,912) Derivatives: (570,507) Outflow 592,232 Inflow 21,725
(78,514,693)
(14,955,756)
(5,419,813)
(8,746,937)
(49,392,187)
(67,216,228)
(13,560,123)
(4,590,183)
(7,866,626)
Analisis perbedaan jatuh tempo aset dan liabilitas keuangan
Maturity gap analysis of financial assets and liabilities
Tabel dibawah ini menyajikan analisa jatuh tempo aset dan liabilitas Bank dan Anak-anak Perusahaan pada tanggal 31 Maret 2011, 31 Desember 2010 dan 2009, berdasarkan jangka waktu yang tersisa sampai tanggal jatuh tempo kontrak dan asumsi perilaku (behavioral assumptions):
The table below shows an analysis of maturities of assets and liabilities of the Bank and Subsidiaries as of 31 March 2011, 31 December 2010 and 2009, based on remaining terms to contractual maturity date and behavioral assumptions:
* tidak diaudit
unaudited *
LAMPIRAN – 5/189- SCHEDULE
381
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
47. MANAJEMEN RISIKO KEUANGAN (lanjutan)
47. FINANCIAL RISK MANAGEMENT (continued) d.
d. Risiko likuiditas (lanjutan)
Liquidity risk (continued)
31 Maret/March 2011
Nilai tercatat/ Carrying amount
ASET Kas Giro pada Bank Indonesia Giro pada bank lain Penempatan pada bank lain dan Bank Indonesia Efek-efek: Diperdagangkan Tersedia untuk dijual Dimiliki hingga jatuh tempo Tagihan derivatif Pinjaman yang diberikan Piutang pembiayaan konsumen Piutang premi Tagihan akseptasi Obligasi Pemerintah: Diperdagangkan Tersedia untuk dijual Pajak dibayar dimuka Investasi dalam saham Aset tak berwujud - bersih Aset tetap - bersih Aset pajak tangguhan -bersih Beban dibayar dimuka dan aset lain-lain Jumlah Dikurangi: Penyisihan kerugian penurunan nilai
LIABILITAS Simpanan nasabah Simpanan dari bank lain Efek yang dijual dengan janji dibeli kembali Pendapatan premi tangguhan Premi yang belum merupakan pendapatan Liabilitas akseptasi Obligasi yang diterbitkan Pinjaman yang diterima Utang pajak Liabilitas derivatif Liabilitas pajak tangguhan – bersih Beban yang masih harus dibayar dan liabilitas lain-lain Pinjaman subordinasi
Selisih
Tidak mempunyai tanggal jatuh tempo kontraktual/ No contractual maturity
Kurang dari/ Less than 1 bulan/month
1-3 bulan/ months
3-6 bulan/ months
-
-
-
ASSETS Cash Current accounts with Bank Indonesia Current accounts with other banks Placements with other banks and Bank Indonesia Marketable securities: Trading Available for sale Held to maturity Derivative receivables
1,328,346
-
1,328,346
5,864,250
-
5,864,250
-
-
-
-
1,085,013
-
1,085,013
-
-
-
-
10,417,692
-
6,639,416
2,602,228
649,933
346,115
180,000
191,011 4,882,539 687,010 206,038
-
598,811 52,593 13,712
1,040,892 179,741 49,581
2,336,634 174,150 10,032
191,011 525,279 24,347
380,923 280,526 108,366
78,800,362 7,143,239
-
5,860,220 533,532
9,538,263 796,089
9,368,901 854,370
12,566,484 1,483,982
41,466,494 3,475,266
76,703 885,805
-
41,000 194,885
25,089 446,345
5,308 244,575
5,232 -
74 -
88,176 5,524,578 81,741 12,175 1,540,943 1,744,978 903,371
81,741 12,175 1,540,943 1,744,978 903,371
-
-
11,024 245,791 -
2,430 -
74,722 5,278,787 -
4,116,526
1,232,274
1,385,105
751,511
29,496
47,371
670,769
125,580,496
5,515,482
23,596,883
15,429,739
13,930,214
15,192,251
51,915,927
Total Less: Allowance for impairment losses
(2,776,361)
-
Lebih dari/ More than 12 bulan/ months
6 - 12 bulan/ months
(2,776,361)
-
-
-
-
-
122,804,135
2,739,121
23,596,883
15,429,739
13,930,214
15,192,251
51,915,927
80,685,103 2,324,937
-
10,965,607 1,762,925
9,078,521 66,993
5,140,092 221,332
4,776,798 273,687
50,724,085 -
Loans Consumer financing receivables Premium receivables Acceptance receivables Government Bonds: Trading Available for sale Prepaid tax Investment in shares Intangible assets - net Fixed assets - net Defered tax assets - net Prepayments and other assets
LIABILITIES Deposits from customers Deposits from other banks Securities sold under 2,150,000 repurchase agreements
2,790,276
-
953
14,323
625,000
-
662,431
-
18,400
36,802
55,203
110,405
441,621
346,173 887,004 6,302,358 4,200,020 96,689 256,071
96,689 -
28,847 197,851 1,711,853 10,733
57,696 445,019 140,964 16,675 45,065
86,543 244,134 1,250,000 5,098
173,087 336,219 37,881
6,161,394 885,273 157,294
Deferred premium income Unearned premium reserve Acceptance payables Bonds issued Borrowings Taxes payable Derivative liabilities
348,535
348,535
-
-
-
-
-
Deferred tax liabilities - net
5,084,223 500,000
2,787,947 -
720,047 -
568,142 -
36,730 -
88,408 500,000
882,949 -
Accruals and other liabilities Subordinated loans
104,483,820
3,233,171
15,417,216
10,470,200
7,664,132
6,296,485
61,402,616
18,320,315
(494,050)
8,179,667
4,959,539
6,266,082
8,895,766
(9,486,689)
* tidak diaudit
Difference
unaudited *
LAMPIRAN – 5/190- SCHEDULE
382
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
47. MANAJEMEN RISIKO KEUANGAN (lanjutan)
47. FINANCIAL RISK MANAGEMENT (continued) d.
d. Risiko likuiditas (lanjutan)
Liquidity risk (continued)
31 Desember/December 2010
Nilai tercatat/ Carrying amount
ASET Kas Giro pada Bank Indonesia Giro pada bank lain Penempatan pada bank lain dan Bank Indonesia Efek-efek: Diperdagangkan Tersedia untuk dijual Dimiliki hingga jatuh tempo Tagihan derivatif Pinjaman yang diberikan Piutang pembiayaan konsumen Piutang premi Tagihan akseptasi Obligasi Pemerintah: Diperdagangkan Tersedia untuk dijual Investasi dalam saham Aset tak berwujud - bersih Aset tetap - bersih Aset pajak tangguhan- bersih Beban dibayar dimuka dan aset lain-lain Jumlah Dikurangi: Penyisihan kerugian penurunan nilai
LIABILITAS Simpanan nasabah Simpanan dari bank lain Efek yang dijual dengan janji dibeli kembali Pendapatan premi tangguhan Premi yang belum merupakan pendapatan Liabilitas akseptasi Obligasi yang diterbitkan Pinjaman yang diterima Utang pajak Liabilitas derivatif Liabilitas pajak tangguhan - bersih Beban yang masih harus dibayar dan liabilitas lain-lain Pinjaman subordinasi
Selisih
Tidak mempunyai tanggal jatuh tempo kontraktual/ No contractual maturity
Kurang dari/ Less than 1 bulan/month
1-3 bulan/ months
3-6 bulan/ months
-
Lebih dari/ More than 12 bulan/ months
6 - 12 bulan/ months
1,985,338
-
1,985,338
-
-
-
5,274,888
-
5,274,888
-
-
-
-
1,658,426
-
1,658,426
-
-
-
-
9,257,137
-
6,288,852
2,508,485
159,800
125,000
175,000
194,669 4,246,484 884,766 189,545
-
51,818 11,875
99,371 11,952 1,978
194,669 1,511,978 360,400 43,767
2,297,486 180,200 34,385
337,649 280,396 97,540
75,773,522
-
3,823,839
3,787,982
2,215,087
775,465
65,171,149
6,864,124 62,017
-
508,343 48,981
716,467 13,036
826,593 -
1,416,272 -
3,396,449 -
759,124
-
155,400
347,921
249,959
5,844
-
86,959 6,051,381 12,175 1,576,096 1,771,489 950,784
12,175 1,576,096 1,771,489 950,784
-
-
-
30,828 411,109 -
56,131 5,640,272 -
ASSETS Cash Current accounts with Bank Indonesia Current accounts with other banks Placements with other banks and Bank Indonesia Marketable securities: Trading Available for sale Held to maturity Derivative receivables
3,629,328
1,016,983
882,840
714,106
125,124
34,539
855,736
Loans Consumer financing receivables Premium receivables Acceptance receivables Government Bonds: Trading Available for sale Investment in shares Intangible assets - net Fixed assets - net Defered tax assets - net Prepayments and other assets
121,228,252
5,327,527
20,690,600
8,201,298
5,687,377
5,311,128
76,010,322
Total
(3,021,679)
-
-
-
-
-
Less: Allowance for impairment losses
118,206,573
2,305,848
20,690,600
8,201,298
5,687,377
5,311,128
76,010,322
79,642,803 1,937,479
-
13,069,387 1,613,185
8,021,608 275,849
5,518,046 18,062
5,760,665 30,383
47,273,097 -
(3,021,679)
LIABILITIES Deposits from customers Deposits from other banks Securities sold under repurchase agreements
2,790,127
-
631
14,496
-
625,000
2,150,000
621,731
-
20,725
41,449
62,173
124,346
373,038
322,344 759,124 6,300,464 2,481,832 183,020 204,259
-
26,862 157,832 104,345 183,020 10,223
53,724 345,671 75,331 2,376
80,586 249,778 140,885 1,056,717 47,878
161,172 5,843 200,795 34,022
6,159,579 1,044,644 109,760
Deferred premium income Unearned premium reserve Acceptance payables Bonds issued Borrowings Taxes payable Derivative liabilities
302,802
302,802
-
-
-
-
-
Deferred tax liabilities - net
3,551,560 500,000
1,233,759 -
686,524 -
646,828 -
83,589 250,000
14,125 250,000
886,735 -
Accruals and other liabilities Subordinated debts
99,597,545
1,536,561
15,872,734
9,477,332
7,507,714
7,206,351
57,996,853
18,609,028
769,287
4,817,866
(1,276,034) (1,820,337) (1,895,223) 18,013,469
* tidak diaudit
Difference
unaudited *
LAMPIRAN – 5/191- SCHEDULE
383
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
47. MANAJEMEN RISIKO KEUANGAN (lanjutan)
47. FINANCIAL RISK MANAGEMENT (continued) d.
d. Risiko likuiditas (lanjutan)
Liquidity risk (continued)
31 Desember/December 2009
Nilai tercatat/ Carrying value
ASET Kas Giro pada Bank Indonesia Giro pada bank lain Penempatan pada bank lain dan Bank Indonesia Efek-efek: Diperdagangkan Tersedia untuk dijual Dimiliki hingga jatuh tempo Tagihan derivatif Pinjaman yang diberikan Piutang pembiayaan konsumen Piutang premi Tagihan akseptasi Obiligasi Pemerintah: Diperdagangkan Tersedia untuk dijual Dimiliki hingga jatuh tempo Investasi dalam saham Aset tak berwujud - bersih Aset tetap - bersih Aset pajak tangguhanbersih Beban dibayar dimuka dan aset lain-lain Jumlah Dikurangi: Penyisihan kerugian dan pendapatan bunga ditangguhkan LIABILITAS Simpanan nasabah Simpanan dari bank lain Efek yang dijual dengan janji dibeli kembali Pendapatan premi tangguhan Premi yang belum merupakan pendapatan Liabilitas akseptasi Obligasi yang diterbitkan Pinjaman yang diterima Utang pajak Liabilitas derivatif Liabilitas pajak tangguhan - bersih Beban yang masih harus dibayar dan liabilitas lain-lain Pinjaman subordinasi
Selisih
Tidak mempunyai tanggal jatuh tempo kontraktual/ No contractual maturity
Kurang dari/ Less than 1 bulan/month
1-3 bulan/ months
3-6 bulan/ months
Lebih dari/ More than 12 bulan/ months
6 - 12 bulan/ months
2,117,368
-
2,117,368
-
-
-
-
3,820,180
-
3,820,180
-
-
-
-
1,924,470
-
1,924,470
-
-
-
-
4,214,229
-
2,676,752
391,977
-
-
1,145,500
199,292 3,926,281
-
199,292 3,588,806
34,118
59,446
-
243,911
ASSETS Cash Current accounts with Bank Indonesia Current accounts with other banks Placements with other banks and Bank Indonesia Marketable securities: Trading Available for sale
312,105 325,571
-
42,646 17,292
56,530 120,292
42,929 13,115
27,823
170,000 147,049
Held to maturity Derivative receivables
60,579,275
-
3,268,855
2,273,576
1,544,383
919,280
52,573,181
2,698,426 28,873 1,120,111
-
240,783 28,873 144,428
281,489 630,000
300,565 331,126
555,097 12,592
1,320,492 1,965
216,287 8,460,225
-
-
304 -
30,716 -
-
185,267 8,460,225
Loans Consumer financing receivables Premium receivables Acceptance receivables Government Bonds: Trading Available for sale
2,334,317 85,735 1,534,668 1,549,504
85,735 1,534,668 1,549,504
-
-
-
116,242 -
2,218,075 -
Held to maturity Investment in shares Intagible assets - net Fixed assets - net Defered tax assets - net Prepayments and other assets
980,280
980,280
-
-
-
-
-
5,444,224
1,260,734
870,017
949,754
246,001
340,299
1,777,419
101,871,421
5,410,921
18,939,762
4,738,040
2,568,281
1,971,333
68,243,084
Total Less: Allowance for impairment losses and unearned interest income
(3,273,468)
(3,273,468)
-
-
-
-
-
98,597,953
2,137,453
18,939,762
4,738,040
2,568,281
1,971,333
68,243,084
67,216,228 1,437,814
-
13,560,123 1,154,626
4,590,183 27,528
2,420,466 8,383
5,446,160 12,402
3,754,370
-
-
-
-
-
LIABILITIES 41,199,296 Deposits from customers 234,875 Deposits from other banks Securities sold under repurchase 3,754,370 agreements
415,223
-
6,598
13,196
19,794
39,587
336,048 Deferred premium income
259,146 1,170,870 2,050,855 2,393,561 192,041 327,836
259,146 -
150,911 106,311 192,041 925
669,242 157,155 35,829
336,160 130,819 92,913 34,149
12,592 233,812 71,083
218,984
218,984
-
-
-
-
2,759,039 500,000
823,917 -
411,091 -
690,787 -
24,500 -
8,991 -
799,753 500,000
82,695,967
1,302,047
15,582,626
6,183,920
3,067,184
5,824,627
50,735,563
15,901,986
835,406
3,357,136
(1,445,880)
(3,853,294)
17,507,521
* tidak diaudit
(498,903)
1,965 1,920,036 1,803,370 185,850
Unearned premium reserve Acceptance payables Bonds issued Borrowings Taxes payable Derivative liabilities
- Deferred tax liabilities - net Accruals and other liabilities Subordinated debts
Difference
unaudited *
LAMPIRAN – 5/192- SCHEDULE
384
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
47. MANAJEMEN RISIKO KEUANGAN (lanjutan) e.
47. FINANCIAL RISK MANAGEMENT (continued)
Risiko operasional
e.
Operational risk
Risiko operasional adalah risiko kerugian yang diakibatkan oleh kurang memadainya atau kegagalan dari proses internal, faktor manusia dan sistem atau dari kejadian-kejadian eksternal.
Operational risk is defined as the risk of losses resulting from inadequate or failure of internal control processes, people and systems or from external events.
Risiko ini melekat dalam semua proses bisnis, kegiatan operasional, sistem dan produk Bank, dari mulai Kantor Pusat sampai cabang kecil di seluruh Indonesia. Kegagalan mengelola risiko operasional dapat menyebabkan kerugian finansial, keselamatan karyawan dan reputasi Bank.
This type of risk is inherent in every business processes, operational activities, systems and products of Bank, from Head Office Units to micro branches located in remote areas of Indonesia. Failure to manage operational risks correctly could lead to financial losses, employee safety and reputation of the Bank.
Komponen utama dari Kerangka Kerja Pengelolaan Risiko Operasional yang dijalankan secara berkesinambungan antara lain:
Major components of Management Framework consistently practiced are:
1.
1.
Akuntabilitas yang jelas Semua pihak di Bank dan Anak Perusahaan menjalankan penugasan terkait dengan perannya masing-masing dalam pengelolaan risiko operasional. Direksi seperti halnya Dewan Komisaris bertanggung-jawab untuk mengawasi efektivitas dari kerangka-kerja pengelolaan resiko operasional secara menyeluruh serta pelaksanaannya. Sistem Pengendalian Internal yang ada pada setiap Risk Taking Unit (RTU) berperan sebagai lini pertahanan lapis pertama dalam penegakan pengelolaan risiko operasional sehari-hari. Divisi Operational Risk Management (“ORM”) bersama-sama dengan Divisi Compliance berperan sebagai pertahanan lapis kedua. ORM berfungsi dalam pendefinisian, penyempurnaan dan pemeliharaan kerangka kerja risiko operasional, memastikan kecukupan kebijakan dan prosedur, metodologi penilaian risiko operasional serta berperan sebagai koordinator/fasilitator atas aktivitas pengelolaan risiko operasional yang efektif. Sedangkan Auditor Internal secara independen berperan sebagai pertahanan lapis ketiga.
* tidak diaudit
Operational which are
Risk being
Clear accountabilities All parties in Bank and Subsidiaries are designated for their respective roles in the management of operational risk. The Board of Directors as well as the Board of Commissioners are responsible to oversee the effectiveness of the overall operational risk management framework as well as its execution. System of Internal Controls in each Risk Taking Units (RTU) act as the first line of defense in day-to-day enforcement of operational risk management. Operational Risk Management (“ORM”) Division together with Compliance Division acts as the second layer of defense. ORM function in defining, refining and maintaining the operational risk framework, ensuring the adequacy of policies and procedures, operational risk assessment methodology and act as the coordinator/facilitator of the overall operational risk management activities to ensure its effectiveness. Meanwhile, the Internal Auditors are independently doing the role as the third line of defense.
unaudited *
LAMPIRAN – 5/193- SCHEDULE
385
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
47. MANAJEMEN RISIKO KEUANGAN (lanjutan) e.
47. FINANCIAL RISK MANAGEMENT (continued)
Risiko operasional (lanjutan) 2.
3.
e.
Siklus pengelolaan risiko operasional
Operational risk (continued) 2.
Operational risk management cycle
Pelaksanaan kerangka kerja ORM di Bank dan Anak Perusahaan dilakukan dalam siklus ORM yang terpadu dan terdiri dari proses identifikasi, penilaian/pengukuran, pemantauan serta pengendalian/mitigasi risiko.
Practices of ORM Framework in Bank and Subsidiaries are being conducted through an integrated ORM cycle consists of risk identification, assessment/measurement, monitoring and controlling/mitigating.
Siklus ini menjalankan tinjauan risiko secara menyeluruh atas produk, sistem maupun aktivitas/proses Bank yang baru maupun perubahannya, pengembangan risk registration pendefinisian mitigasi/mekanisme kontrol, serta secara menerus melakukan pengukuran atas pemaparan risiko maupun tingkat kedisiplinan unit kerja dalam menerapkan mekanisme kontrol.
The cycle involves comprehensive risk reviews over new as well as changes to Bank’s products, system and activities/processes, development of risk registration, definition of mitigations/control mechanisms as well as continuous measurement over residual risk exposures and the level of the units’ discipline in deploying control mechanisms.
Penerapan asuransi yang terkoordinasi secara komprehensif dan merupakan salah satu mitigasi utama dari risiko operasional meyakinkan tercapainya cakupan polis asuransi yang optimum terhadap pemaparan risiko. Polis asuransi aset dan finansial Bank secara komprehensif terdiri dari Money Insurance, Property All Risk, hingga Bankers Blanket Bonds/Electronic Computer Crime dan Directors & Officers.
Bankwide coordination over insurance practice as one of major operational risk mitigations ensures an optimum coverage of the policies to the risk exposure. Bank’s comprehensive financial & assets insurance coverage are ranging from Money Insurance, Property All Risk, up to Bankers Blanket Bonds/Electronic Computer Crime and Directors & Officers.
Sarana pendukung
3.
Implementasi dari siklus pengelolaan risiko operasional secara menyeluruh didukung dengan alat bantu online real time yaitu ORMS (Operational Risk Management System). ORMS memperkuat pencatatan, analisis dan pelaporan dari data risiko operasional dengan kemampuan melakukan identifikasi risiko, penilaian/pengukuran, pemantauan dan pengendalian/mitigasi yang dilaksanakan secara terintegrasi, dengan demikian meningkatkan efektivitas dari manajemen risiko operasional. ORMS telah dioperasikan secara efektif di semua unit kerja Bank termasuk Anak Perusahaan.
* tidak diaudit
Supporting infrastructure The implementation of the comprehensive ORM Cycle is supported by ORMS (Operational Risk Management System), an internally designed online-real time tool. ORMS strengthen the capture, analysis and reporting of operational risk data by enabling risk identification, assessment/measurement, monitoring and controlling/mitigating to be conducted in an integrated manner, thereby enhance the effectiveness of operational risk management. The ORMS is currently in effective operational at working units within Bank as well as Subsidiaries.
unaudited *
LAMPIRAN – 5/194- SCHEDULE
386
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
47. MANAJEMEN RISIKO KEUANGAN (lanjutan) e.
47. FINANCIAL RISK MANAGEMENT (continued)
Risiko operasional (lanjutan) 4.
e.
Perhitungan Beban Modal Risiko Operasional
Operational risk (continued)
4. Operational Calculation
Danamon telah melakukan perhitungan beban modal untuk risiko operasional dengan menggunakan Pendekatan Indikator Dasar sejak Januari 2010, sesuai dengan jadwal Bank Indonesia. Persiapan untuk langkah selanjutnya, Kewajiban Penyediaan Modal Minimum (KPMM) dengan menggunakan Pendekatan Standar juga telah dimulai dan akan disesuaikan dengan jadwal Bank Indonesia. 5.
Business Continuity Management
Capital
Charges
The Bank has performed the capital charges calculation for operational risk by using Basic Indicator Approach since January 2010 as per Bank Indonesia timeline. Preparation towards the adoption of the next stage Internal Capital Adequacy Assessment Process (ICAAP) of Standardized Approach has been started and will concur to Bank Indonesia timetable.
5.
Dengan tujuan untuk mengantisipasi risiko operasional yang mungkin terjadi dari kondisi krisis karena bencana (dari bencana alam seperti banjir, gempa bumi atau kebakaran dan juga yang lainnya seperti gangguan sistem, listrik mati), hingga kondisi bisnis yang tidak menunjang, Bank dan Anak Perusahaan telah menerapkan Business Continuity Management (BCM) yang komprehensif guna memastikan kelangsungan layanan konsumen. Dalam tahun 2010, Bank telah melakukan penyempurnaan pembuatan Business Continuity Plan (BCP) dan Incident/Crisis Management Plan (IMT). Bank juga telah mensponsori Forum BCM kedua yang dihadiri oleh bank/korporasi terkemuka di Indonesia. 48. ASET KEUANGAN DAN LIABILITAS KEUANGAN
Risk
Business Continuity Management With the objective to anticipate operational risks which might arise caused by crisis conditions from a disaster (both natural such as flood, earthquake or fire and others such as system dropped, power failure), as well as a non-conducive business environment, the Bank and Subsidiaries has implemented a comprehensive Business Continuity Management (BCM) in order to ensure continuous services to customer. During 2010, the Bank has improved the development process of Business Continuity Plan (BCP) as well as the Incident/Crisis Management Plan (IMT). The Bank has also sponsored the second BCM Forum which was attended by major banks/corporations in Indonesia.
48. FINANCIAL ASSETS AND FINANCIAL LIABILITIES
Sebagian besar instrumen keuangan pada laporan posisi keuangan konsolidasian disajikan menggunakan nilai wajar. Berikut ini adalah perbandingan antara nilai tercatat seperti yang dilaporkan pada laporan posisi keuangan konsolidasian dan nilai wajar laporan keuangan konsolidasian.
A significant number of financial instruments are carried at fair value in the consolidated statements of financial position. Below is the comparison of the carrying amounts, as reported on the consolidated statements of financial position, and the fair value of consolidated financial statements.
Pada tabel berikut ini, instrumen keuangan telah dialokasikan berdasarkan klasifikasinya. Kebijakan akuntansi penting pada Catatan 2e menjelaskan bagaimana setiap kategori aset keuangan dan liabilitas keuangan diukur dan bagaimana pendapatan dan beban, termasuk keuntungan dan kerugian atas nilai wajar (perubahan nilai wajar instrumen keuangan) diakui.
In the following table, financial instruments have been allocated based on their classification. The significant accounting policies in Note 2e describe how the categories of the financial assets and financial liabilities are measured and how income and expenses, including fair value gains and losses (changes in fair value of financial instruments), are recognized.
* tidak diaudit
unaudited *
LAMPIRAN – 5/195- SCHEDULE
387
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
48. ASET KEUANGAN DAN LIABILITAS KEUANGAN (lanjutan)
48. FINANCIAL ASSETS DAN FINANCIAL LIABILITIES (continued)
Pengelompokan aset keuangan telah diklasifikasikan menjadi aset keuangan yang diperdagangkan; aset keuangan dimiliki hingga jatuh tempo; pinjaman yang diberikan dan piutang; dan aset keuangan tersedia untuk dijual. Demikian halnya dengan setiap liabilitas keuangan juga telah diklasifikasikan menjadi yang diperdagangkan dan biaya perolehan diamortisasi.
Financial asset classes have been allocated into trading; held to maturity; loans and receivables and available for sale financial assets. Similarly, each class of financial liability has been allocated into trading and at amortized cost.
Nilai wajar pada tanggal laporan posisi keuangan adalah berdasarkan informasi yang tersedia dan belum diperbaharui untuk merefleksikan perubahaan keadaan pasar setelah tanggal laporan posisi keuangan.
The fair value are based on relevant information available as at the statements of financial position date and have not been updated to reflect changes in market condition after the statements of financial position date.
Tabel berikut ini merupakan nilai tercatat dan nilai wajar dari aset keuangan dan liabilitas keuangan Bank dan Anak Perusahaan pada tanggal 31 Maret 2011 dan 31 Desember 2010.
The table below sets out the carrying amount and fair values of the Bank and Subsidiaries’ financial assets and liabilities as of 31 March 2011 and 31 December 2010.
31 Maret/March 2011 Nilai wajar/ Fair value
Nilai tercatat/Carrying amount Dimiliki hingga jatuh tempo/Heldto-maturity
Diperdagangkan/ Trading
Aset keuangan Kas Giro pada Bank Indonesia Giro pada bank lain Penempatan pada bank lain dan Bank Indonesia Efek-efek Tagihan derivatif Pinjaman yang diberikan Piutang pembiayaan konsumen Piutang premi Tagihan akseptasi Obligasi Pemerintah Investasi dalam saham Aset lain-lain - bersih
Pinjaman yang diberikan dan piutang/Loans and receivables
Jumlah nilai Tersedia Biaya perolehan tercatat/ Total untuk dijual/ diamortisasi Available-for- lainnya/Other carrying amount amortized cost sale
1,328,346
-
1,328,346
Jumlah nilai wajar/Total fair value
-
-
-
1,328,346
-
-
5,864,250
-
-
5,864,250
5,864,250
-
-
1,085,013
-
-
1,085,013
1,085,013
191,011
685,060
10,417,692 -
4,882,539
-
10,417,692 5,758,610
10,417,692 5,761,817
206,038
-
-
-
-
206,038
206,038
-
-
76,376,557
-
-
76,376,557
77,126,385
-
-
6,935,814 76,703
-
-
6,935,814 76,703
7,016,294 76,703
88,178 -
-
885,805 1,501,663
5,524,576 12,175 -
-
885,805 5,612,754 12,175 1,501,663
885,805 Acceptance receivables 5,612,754 Government Bonds 12,175 Investments in shares 1,501,663 Other Assets - net
-
-
-
-
80,685,103
80,685,103
80,685,103
-
-
-
-
2,324,937
2,324,937
2,324,937
Liabilitas keuangan Simpanan nasabah Simpanan dari bank lain Efek yang dijual dengan janji dibeli kembali Liabilitas akseptasi Obligasi yang diterbitkan Pinjaman yang diterima Liabilitas derivatif Pinjaman subordinasi
Financial Assets Cash Current accounts with Bank Indonesia Current accounts with other banks Placements with other banks and Bank Indonesia Marketable securities Derivative receivables Loans Consumer financing receivables Premium receivables
-
-
-
-
2,790,276
2,790,276
2,790,276
-
-
-
-
887,004
887,004
887,004
Financial liabilities Deposits from customers Deposits from other banks Securities sold under repurchase agreements Acceptance payables
-
-
-
-
6,302,358
6,302,358
6,584,342
Bonds issued
256,071
-
-
-
4,200,020 -
4,200,020 256,071
4,235,084 256,071
Borrowings Derivative liabilities
-
-
-
-
500,000
500,000
500,000
Subordinated loans
* tidak diaudit
unaudited *
LAMPIRAN – 5/196- SCHEDULE
388
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
48. ASET KEUANGAN DAN LIABILITAS KEUANGAN (lanjutan)
48. FINANCIAL ASSETS DAN FINANCIAL LIABILITIES (continued)
31 Desember/December 2010 Nilai wajar/ Fair value
Nilai tercatat/Carrying amount Dimiliki hingga jatuh tempo/Heldto-maturity
Diperdagangkan/ Trading
Aset keuangan Kas Giro pada Bank Indonesia Giro pada bank lain Penempatan pada bank lain dan Bank Indonesia Efek-efek Tagihan derivatif Pinjaman yang diberikan Piutang pembiayaan konsumen Piutang premi Tagihan akseptasi Obligasi Pemerintah Investasi dalam saham Aset lain-lain - bersih
Pinjaman yang diberikan dan piutang/Loans and receivables
Jumlah nilai Tersedia Biaya perolehan tercatat/ untuk dijual/ diamortisasi Total carrying Available-for- lainnya/Other sale amortized cost amount
1,985,338
-
1,985,338
Jumlah nilai wajar/Total fair value
1,985,338
-
-
-
-
5,274,888
-
-
5,274,888
5,274,888
-
-
1,658,426
-
-
1,658,426
1,658,426
194,669
882,816
9,257,137 -
4,246,484
-
9,257,137 5,323,969
9,257,137 5,326,748
189,545
-
-
-
-
189,545
189,545
-
-
73,268,325
-
-
73,268,325
73,380,244
-
-
6,663,061 62,017
-
-
6,663,061 62,017
6,862,472 62,017
86,959 -
-
759,124 193,645
6,051,381 12,175 -
-
759,124 6,138,340 12,175 193,645
759,124 Acceptance receivables 6,138,340 Government Bonds 12,175 Investments in shares 193,645 Other Assets - net
Kewajiban keuangan Simpanan nasabah Simpanan dari bank lain Efek yang dijual dengan janji dibeli kembali Kewajiban akseptasi Obligasi yang diterbitkan Pinjaman yang diterima Kewajiban derivatif Pinjaman subordinasi
Financial Assets Cash Current accounts with Bank Indonesia Current accounts with other banks Placements with other banks and Bank Indonesia Marketable securities Derivative receivables
-
Loans Consumer financing receivables Premium receivables
-
-
-
-
2,790,127
2,790,127
-
-
-
-
759,124
759,124
759,124
Financial liabilities Deposits from customers Deposits from other banks Securities sold under repurchase agreements Acceptance payables
-
-
-
-
6,300,464
6,300,464
6,346,157
Bonds issued
204,259
-
-
-
2,481,832 -
2,481,832 204,259
2,516,896 204,259
Borrowings Derivative payables
-
-
-
-
500,000
500,000
500,000
Subordinated debts
-
-
-
-
79,642,803
79,642,803
79,642,803
-
-
-
-
1,937,479
1,937,479
1,937,479
2,790,127
* tidak diaudit
unaudited *
LAMPIRAN – 5/197- SCHEDULE
389
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
48. ASET KEUANGAN DAN LIABILITAS KEUANGAN (lanjutan)
48. FINANCIAL ASSETS DAN FINANCIAL LIABILITIES (continued)
Metode dan asumsi yang digunakan untuk estimasi nilai wajar adalah sebagai berikut:
The following methods and assumptions are used to estimate the fair values:
Nilai wajar aset keuangan dan liabilitas keuangan, kecuali efek-efek dimiliki hingga jatuh tempo, pinjaman yang diberikan yang mempunyai risiko nilai wajar, piutang pembiayaan konsumen, obligasi yang diterbitkan, dan pinjaman yang diterima, mendekati nilai tercatatnya karena mempunyai jangka waktu tempo yang singkat atas instrumen keuangan tersebut dan/atau suku bunganya sering ditinjau ulang.
The fair value of financial assets and liabilities, except for held to maturity marketable securities, loans with fair value risk, consumer financing receivables, bonds issued, and borrowings, approximated to the carrying amount largely due to short-term maturities of these instruments and/or repricing frequently.
Nilai wajar efek-efek dimiliki hingga jatuh tempo dan obligasi yang diterbitkan ditentukan berdasarkan harga kuotasi pasar yang berlaku pada tanggal 31 Maret 2011 dan 31 Desember 2010.
The fair value of held to maturity marketable securities and bonds issued was determined on the basis of quoted market price as at 31 March 2011 and 31 December 2010.
Nilai wajar pinjaman yang diberikan yang mempunyai risiko nilai wajar, piutang pembiayaan konsumen, dan pinjaman yang diterima dinilai menggunakan diskonto arus kas berdasarkan tingkat suku bunga pasar pada tanggal 31 Maret 2011 dan 31 Desember 2010.
The fair value of loans with fair value risk, consumer financing receivables, and borrowing are determined by discounting cash flows using market interest rate as at 31 March 2011 and 31 December 2010.
Nilai wajar investasi dalam saham dinilai sebesar biaya perolehannya karena nilai wajarnya tidak dapat diukur secara handal.
The fair value of investments in shares is carried at cost due to its fair value cannot be reliably measured.
49. AKTIVITAS FIDUCIARY
49. FIDUCIARY ACTIVITIES
Bank menyediakan jasa kustodian, agen sekuritas, trustee, pengelolaan investasi discretionary dan reksadana kepada pihak ketiga. Aset yang terdapat dalam aktivitas fiduciary tidak termasuk dalam laporan keuangan konsolidasian ini. Jumlah komisi yang diterima dari pemberian jasa ini untuk periode yang berakhir tanggal 31 Maret 2011 adalah Rp 5.747 (31 Maret 2010: Rp 4.804, 31 Desember 2010: Rp 20.565 dan 2009: Rp 13.449). 50. BATAS MAKSIMUM PEMBERIAN KREDIT BANK UMUM (“BMPK”)
The Bank provides custodial, securities agency, trustee, investment management discretionary and mutual fund services to third parties. Assets that are held in fiduciary activities are not included in these consolidated financial statements. Total fees received from these services for the period ended 31 March 2011 was Rp 5,747 (31 March 2010: Rp 4,804, 31 December 2010: Rp 20,565 and 2009: Rp 13,449).
50. LEGAL LENDING BANKS (“LLL”)
LIMIT
FOR
COMMERCIAL
Pada tanggal 31 Maret 2011 dan 2010 dan 31 Desember 2010 dan 2009, tidak terdapat pelampauan BMPK kepada pihak terkait maupun pihak tidak terkait.
As at 31 March 2011 and 2010 and 31 December 2010 and 2009, there was no excess of LLL to both related parties and non-related parties.
Mulai tanggal 31 Desember 2007, Bank telah menerapkan peraturan BI No. 8/6/PBI/2006 tentang penerapan manajemen risiko secara konsolidasi bagi bank yang melakukan pengendalian terhadap anak perusahaan dalam perhitungan BMPK Bank.
Starting 31 December 2007, the Bank has implemented BI regulation No. 8/6/PBI/2006 regarding the implementation of consolidated risk management to the subsidiaries which are controlled by the Bank in the Bank’s LLL calculation.
* tidak diaudit
unaudited *
LAMPIRAN – 5/198- SCHEDULE
390
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
50. BATAS MAKSIMUM PEMBERIAN KREDIT BANK UMUM (“BMPK”) (lanjutan) Sesuai dengan peraturan BI No. 7/3/PBI/2005 tentang Batas Maksimum Pemberian Kredit Bank Umum, batas maksimum penyediaan dana kepada pihak terkait, satu peminjam yang bukan pihak terkait dan satu kelompok peminjam yang bukan pihak terkait masing-masing tidak melebihi 10%, 20% dan 25% dari modal Bank. 51. MANAJEMEN MODAL
50. LEGAL LENDING LIMIT BANKS (“LLL”) (continued)
FOR
COMMERCIAL
Based on BI regulation No. 7/3/PBI/2005 regarding Legal Lending Limit for Commercial Bank, the maximum lending limit to related parties, one nonrelated party debtor and one non-related party group of debtors shall not exceed 10%, 20% and 25% of the Bank’s capital, respectively. 51. CAPITAL MANAGEMENT
Sejak tahun 2007, Bank diwajibkan untuk memenuhi kerangka kerja Basel II dalam hal permodalan Bank dengan mengikuti road map implementasi Basel II di Indonesia yang dipimpin oleh Bank Indonesia.
Starting 2007, Bank is required to comply with Basel II framework in respect with regulatory capital following the Basel II implementation road map in Indonesia led by Bank Indonesia.
Penerapan Bank atas risiko pasar, risiko kredit dan risiko operasional dalam permodalan adalah sebagai berikut:
Bank implementation on market risk, credit risk and operational risk in regulatory capital are as follows:
a. Risiko Pasar
a. Market Risk
Sejak Nopember 2007, Bank sudah menerapkan pendekatan standar untuk mengelola risiko pasar sesuai dengan Peraturan BI No. 9/13/PBI/2007 tanggal 1 Nopember 2007. b. Risiko Kredit
Starting November 2007, Bank had adopted standardized approach for market risk management according to BI regulation No. 9/13/PBI/2007 dated 1 November 2007. b. Credit Risk
Sesuai dengan Surat Edaran BI No. 7/10/DPNP tanggal 31 Maret 2005, saat ini Bank masih menggunakan pendekatan Basel I untuk mengelola risiko kredit.
In accordance with BI Circular Letter No. 7/10/DPNP dated 31 March 2005, currently Bank still using Basel I approach in managing credit risk.
Bank akan menerapkan pendekatan standar untuk mengelola risiko kredit mulai 1 Januari 2012 sesuai dengan Surat Edaran BI No. 13/6/DPNP tanggal 18 Pebruari 2011.
Bank will adopt standardized approach for credit risk management effective 1 January 2012 in line with BI Circular Letter No. 13/6/DPNP dated 18 February 2011.
c. Risiko Operasional
c. Operational Risk
Untuk pengelolaan risiko operasional Bank menerapkan pendekatan indikator dasar sesuai dengan Surat Edaran (SE) BI No. 11/3/DPNP tanggal 27 Januari 2009. Berdasarkan SE ini, beban modal untuk risiko operasional sebesar 5%, 10% dan 15% dari rata-rata pendapatan kotor selama tiga tahun terakhir masing-masing efektif tanggal 1 Januari 2010, 1 Juli 2010 dan 1 Januari 2011.
Operational risk management still uses basic indicator approach as per BI Circular Letter No. 11/3/DPNP dated 27 January 2009. Based on this Circular Letter, the capital charge with operational risk at 5%, 10% and 15% of average gross income for the last three years which effective 1 January 2010, 1 July 2010 and 1 January 2011, respectively.
* tidak diaudit
unaudited *
LAMPIRAN – 5/199- SCHEDULE
391
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
51. MANAJEMEN MODAL (lanjutan)
51. CAPITAL MANAGEMENT (continued)
Bank Indonesia menganalisa modal dalam dua tingkatan:
Bank Indonesia analyzed the capital into two tiers:
1. Modal Tier 1 terdiri dari modal saham biasa, agio saham, obligasi perpetual (yang diklasifikasikan sebagai surat berharga inovatif Tier 1), saldo laba, selisih penjabaran laporan keuangan, dan kepentingan non-pengendali setelah dikurangi goodwill dan aset tak berwujud dan penyesuaian lainnya sehubungan dengan item yang termasuk dalam modal tetapi diperlakukan secara berbeda untuk kepentingan kecukupan modal.
1. Tier 1 capital consists of ordinary share capital, share premium, perpetual bonds (which is classified as innovative Tier 1 securities), retained earnings, translation reserve, and non-controlling interest after deduction for goodwill and intangible assets and other regulatory adjustments relating to items that are included in equity but are treated differently for capital adequacy proposes.
2. Modal Tier 2 terdiri dari pinjaman subordinasi yang memenuhi syarat dan cadangan umum (maksimum 1,25%).
2. Tier 2 capital consists of qualifying subordinated loans and general reserve (maximum 1.25%).
Berikut adalah posisi modal berdasarkan peraturan BI pada tanggal 31 Maret 2011, 31 Desember 2010 dan 2009:
The following is the Bank’s capital position based on BI regulation as of 31 March 2011, 31 December 2010 dan 2009: 31 Desember/ December 2010 2009
31 Maret/ March 2011
Bank Dengan memperhitungkan risiko kredit, risiko pasar dan risiko operasional - Aset tertimbang menurut risiko - Jumlah modal - Rasio Kewajiban Penyediaan Modal Minimum Bank dan Anak Perusahaan Dengan memperhitungkan risiko kredit, risiko pasar dan risiko operasional - Aset tertimbang menurut risiko - Jumlah modal - Rasio Kewajiban Penyediaan Modal Minimum
98,437,070 11,865,649
87,594,370 11,604,307
63,558,982 11,151,924
12.05%
13.25%
17.55%
109,880,117 16,206,468
96,938,654 15,552,141
67,635,780 13,966,996
14.75%
16.04%
20.65%
Bank With credit risk, market risk and operational risk Risk Weighted Assets Total capital Capital Adequacy Ratio Bank and Subsidiaries With credit risk, market risk and operational risk Risk Weighted Assets Total capital Capital Adequacy Ratio
Manajemen menggunakan rasio permodalan dengan tujuan untuk memonitor jumlah modal dan rasio modal tersebut mengikuti standar industri untuk mengukur kecukupan modal. Pendekatan BI atas pengukuran tersebut terutama berdasarkan pengawasan atas hubungan kebutuhan sumber modal (diukur sebesar 8 persen atas aset tertimbang menurut risiko) terhadap ketersediaan sumber modal.
Management uses regulatory capital ratios in order to monitor its capital base, and these capital ratios remain the industry standards for measuring capital adequacy. BI’s approach to such measurement is primarily based on monitoring the relationship of the capital resources requirement (measured as 8 percent of risk-weighted assets) to available capital resources.
Bank telah memenuhi ketentuan BI yang berlaku tentang Kewajiban Penyediaan Modal Minimum dan Perhitungan ATMR.
The Bank has fulfilled BI’s regulation regarding Capital Adequacy Ratio and Calculation of RWA.
* tidak diaudit
unaudited *
LAMPIRAN – 5/200- SCHEDULE
392
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
52. ASET DAN LIABILITAS DALAM MATA UANG ASING Saldo aset dan liabilitas moneter dalam mata uang asing adalah sebagai berikut:
52. ASSETS AND CURRENCIES
LIABILITIES
IN
FOREIGN
Balance of monetary assets and liabilities in foreign currencies was as follows:
31 Maret/March 2011 Mata uang asing Ekuivalen Rupiah (dalam ribuan)/ (dalam jutaan)/ Foreign currency Rupiah equivalent (in thousand) (in million) ASET Kas Dolar Amerika Serikat Dolar Singapura Dolar Australia
10,738 3,415 1,257
93,502 23,590 11,321 128,413
Giro pada Bank Indonesia Dolar Amerika Serikat
66,987
583,288 583,288
188,328 69,239 3,099 1,354 3,748 2,158 3,879 2,254
19,814 602,899 38,345 12,190 4,194 14,907 54,453 15,903 762,705
Giro pada bank lain Yen Jepang Dolar Amerika Serikat Euro Dolar Australia Dolar Hong Kong Dolar Singapura Poundsterling Inggris Lain-lain Penempatan pada bank lain dan Bank Indonesia Dolar Amerika Serikat Dolar Australia Euro
64,250 10,000 4,000
559,460 90,036 49,499 698,995
Efek-efek Dolar Amerika Serikat
55,699
484,995 484,995
Tagihan derivatif Yen Jepang Dolar Amerika Serikat
622,935 5,189
65,539 45,187 110,726
Pinjaman yang diberikan Dolar Amerika Serikat Dolar Singapura Yen Jepang Euro
786,058 39,646 13,440 1,277
6,844,600 273,829 1,414 15,801 7,135,644
* tidak diaudit
ASSETS Cash United States Dollar Singapore Dollar Australian Dollar Current accounts with Bank Indonesia United States Dollar Current accounts with other banks Japanese Yen United States Dollar Euro Australian Dollar Hong Kong Dollar Singapore Dollar Great Britain Poundsterling Others Placements with other banks and Bank Indonesia United States Dollar Australian Dollar Euro Marketable securities United States Dollar Derivative receivables Japanese Yen United States Dollar Loans United States Dollar Singapore Dollar Japanese Yen Euro
unaudited *
LAMPIRAN – 5/201- SCHEDULE
393
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
52. ASET DAN LIABILITAS DALAM MATA UANG ASING (lanjutan)
52. ASSETS AND LIABILITIES CURRENCIES (continued)
IN
FOREIGN
31 Maret/March 2011 Mata uang asing Ekuivalen Rupiah (dalam ribuan)/ (dalam jutaan)/ Rupiah equivalent Foreign currency (in thousand) (in million) Tagihan akseptasi Dolar Amerika Serikat Yen Jepang Euro
97,950 50,451 516
852,899 5,308 6,390 864,597
Beban dibayar di muka dan aset lain-lain Dolar Amerika Serikat
16,855
146,769 146,769
Jumlah aset
10,916,132
LIABILITAS Simpanan nasabah Dolar Amerika Serikat Yen Jepang Dolar Singapura Euro Dolar Australia Poundsterling Inggris Lain-lain
970,476 631,756 17,123 7,824 8,430 2,556 593
8,450,418 66,467 118,268 96,816 75,903 35,880 3,931 8,847,683
Simpanan dari bank lain Dolar Amerika Serikat
57,844
503,677 503,677
Liabilitas akseptasi Dolar Amerika Serikat Yen Jepang Euro
98,146 50,451 516
854,609 5,308 6,390 866,307
Pinjaman yang diterima Dolar Amerika Serikat
238,409
2,075,949 2,075,949
Liabilitas derivatif Yen Jepang Dolar Amerika Serikat
622,935 3,380
65,539 29,427 94,966
37,932 912 385 49 214 16
330,232 96 2,656 601 1,925 226 335,736
Beban yang masih harus dibayar dan liabilitas lain-lain Dolar Amerika Serikat Yen Jepang Dolar Singapura Euro Dolar Australia Poundsterling Inggris Jumlah liabilitas
Acceptance receivables United States Dollar Japanese Yen Euro
Prepayment and other asset United States Dollar Total assets LIABILITIES Deposits from customers United States Dollar Japanese Yen Singapore Dollar Euro Australian Dollar Great Britain Poundsterling Others Deposits from other banks United States Dollar Acceptance payables United States Dollar Japanese Yen Euro Borrowings United States Dollar Derivative liabilities Japanese Yen United States Dollar
Accruals and other liabilities United States Dollar Japanese Yen Singapore Dollar Euro Australian Dollar Great Britain Poundsterling
12,724,318
Total liabilities
1,808,186
Liabilities position - net
Posisi liabilitas - bersih
* tidak diaudit
unaudited *
LAMPIRAN – 5/202- SCHEDULE
394
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
52. ASET DAN LIABILITAS DALAM MATA UANG ASING (lanjutan) Dalam melakukan transaksi dalam mata uang asing, Bank memiliki kebijakan untuk memelihara posisi devisa neto sesuai dengan peraturan BI yakni setinggitingginya sebesar 20% dari jumlah modal Tier I dan Tier II. Berdasarkan kebijakan ini, Bank akan melakukan lindung nilai atau melakukan square atas posisi yang dimiliki jika diperlukan untuk menjaga agar posisi devisa neto masih dalam limit sesuai peraturan BI. 53. PELAKSANAAN KUASI - REORGANISASI
52. ASSETS AND LIABILITIES CURRENCIES (continued)
IN
FOREIGN
In foreign currencies transaction, the Bank has a policy to maintain net open position as required by BI regulation of maximum 20% of total Tier I and Tier II capital. Based on this policy, the Bank will hedge or square their open position, if necessary, within the limit as per BI regulation.
53. IMPLEMENTATION OF QUASI - REORGANISATION
Pada tanggal 31 Desember 2000, Bank mempunyai saldo defisit sebesar Rp 32.028.390 dan saldo negatif selisih nilai transaksi restrukturisasi entitas sepengendali sebesar Rp 26.396.157, yang terjadi sehubungan dengan penggabungan usaha 8 BTO dengan Bank.
As at 31 December 2000, the Bank had an accumulated deficit of Rp 32,028,390 and a negative balance of difference arising from restructuring transactions of entities under common control amounting to Rp 26,396,157, which was incurred in relation to the merger of the 8 BTOs with the Bank.
Bank telah melaksanakan kuasi-reorganisasi pada tanggal 1 Januari 2001 sehingga aset bersih Bank sesudah kuasi-reorganisasi turun sebesar Rp 940.441, yang terutama berasal dari penurunan Obligasi Pemerintah dan pinjaman yang diberikan.
The Bank implemented a quasi-reorganisation as at 1 January 2001, which resulted in the Bank’s net assets, after quasi-reorganisation, decreased by Rp940,441, which principally arose from the decrease in book value of Government Bonds and loans.
Sebagai akibat kuasi-reorganisasi, defisit sebesar Rp 32.968.831 (setelah penyesuaian dampak penurunan aset bersih karena penilaian kembali aset dan liabilitas Bank pada tanggal 1 Januari 2001 sebesar Rp 940.441) dan saldo negatif selisih nilai transaksi restrukturisasi entitas sepengendali sebesar Rp 26.396.157, dihapus ke akun tambahan modal disetor sehingga tambahan modal disetor menjadi tersisa sebesar Rp 25.412.
As a result of the quasi-reorganisation, the deficit amounted to Rp 32,968,831 (after the effect of the decrease in net assets of Rp 940,441 as at 1 January 2001 due to revaluation of assets and liabilities) and the negative balance of the difference arising from restructuring transactions of entities under common control amounted to Rp 26,396,157, was eliminated against additional paid-up capital, thus resulting in an additional paid-up capital balance of Rp 25,412.
54. INFORMASI SYARIAH
KEUANGAN
TAMBAHAN
-
UNIT
54. SUPPLEMENTARY FINANCIAL INFORMATION SHARIA UNIT
Sesuai dengan Surat dari BI No 10/57/DpG/DPbS tanggal 27 Mei 2008 perihal “penyeragaman nama produk dan jasa perbankan syariah”, mulai bulan September 2008, semua produk/jasa perbankan syariah diseragamkan menjadi Islamic Banking (“iB”).
In accordance with Letter from BI No 10/57/DpG/DPbS dated 27 May 2008 regarding “equalisation of sharia banking products and services”, starting September 2008, all sharia banking products/services are equalised as Islamic Banking (“iB”).
* tidak diaudit
unaudited *
LAMPIRAN – 5/203- SCHEDULE
395
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
54. INFORMASI KEUANGAN SYARIAH (lanjutan)
TAMBAHAN
-
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
UNIT
31 Desember/ December 2010 2009
31 Maret/ March 2011 ASET Kas
54. SUPPLEMENTARY FINANCIAL INFORMATION SHARIA UNIT (continued)
ASSETS Cash Current accounts with Bank Indonesia
7,408
13,522
6,619
Giro pada Bank Indonesia
32,417 39,825
40,018 53,540
30,179 36,798
Sertifikat Bank Indonesia - Syariah
75,000
104,000
-
Surat berharga Dikurangi: Penyisihan kerugian aset
195,000 (1,950) 193,050
195,000 (1,950) 193,050
180,000 (1,800) 178,200
Marketable securities Less: Allowance for possible losses
Piutang iB*) Dikurangi: Penyisihan kerugian aset
80,449 (2,689) 77,760
84,871 (1,663) 83,208
280,382 (2,706) 277,676
iB receivables*) Less: Allowance for possible losses
Piutang iB lainnya Dikurangi: Penyisihan kerugian aset
27,637 (3,290) 24,347
27,840 (4,493) 23,347
32,621 (1,184) 31,437
Other iB receivables Less: Allowance for possible losses
Pembiayaan iB Dikurangi: Penyisihan kerugian aset
610,710 (8,091) 602,619
570,383 (8,405) 561,978
434,174 (6,198) 427,976
iB financing Less: Allowance for possible losses
10,762 (2,956) 7,806
10,667 (2,834) 7,833
9,084 (2,508) 6,576
Fixed assets Less: Accumulated depreciation Net book value
8,159 3,417 9,711
7,434 2,898 10,183
6,376 450 18,093
Deferred income Prepayments Other assets
1,041,694
1,047,471
983,582
TOTAL ASSETS
Aset tetap Dikurangi: Akumulasi penyusutan Nilai buku bersih Pendapatan yang masih akan diterima Beban dibayar dimuka Aset lain-lain JUMLAH ASET *)
Jumlah piutang iB tidak termasuk marjin yang belum diterima masing-masing sebesar Rp 23.684, Rp 25.444 dan Rp 63.052 pada tanggal 31 Maret 2011, 31 Desember 2010 dan 2009.
*)
Certifcates of Bank Indonesia Sharia
Total iB receivables do not include unreceived margin amounting to Rp 23,684, Rp 25,444 and Rp 63,052 as at 31 March 2011, 31 December 2010 and 2009, respectively.
* tidak diaudit
unaudited *
LAMPIRAN – 5/204- SCHEDULE
396
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah) 54. INFORMASI KEUANGAN SYARIAH (lanjutan)
TAMBAHAN
-
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah) UNIT
31 Maret/ March 2011
54. SUPPLEMENTARY FINANCIAL INFORMATION SHARIA UNIT (continued) 31 Desember/ December 2010 2009
LIABILITAS, INVESTASI TIDAK TERIKAT DAN EKUITAS
LIABILITIES, NON-BINDING INVESTMENT AND EQUITY
LIABILITAS Dana simpanan iB - Giro iB titipan - Tabungan iB titipan Liabilitas segera iB lainnya Liabilitas kepada bank lain Surat berharga iB yang diterbitkan Liabilitas lain-lain
164,276 1,903 1,424 180,677 238,632
273,159 2,504 1,376 154,056 65,000 106,387
117,674 1,561 1,145 96,597 208,096
LIABILITIES iB deposits iB deposit current accounts iB deposit savings Other iB obligations due immediately Liabilities to other banks iB marketable securities issued Other liabilities
JUMLAH LIABILITAS
586,912
602,482
425,073
TOTAL LIABILITIES
INVESTASI TIDAK TERIKAT Dana investasi tidak terikat - Tabungan iB - Deposito iB
121,828 323,652
123,875 284,208
115,454 405,839
UNRESTRICTED INVESTMENT Unrestricted investment funds iB savings iB deposits -
JUMLAH INVESTASI TIDAK TERIKAT
445,480
408,083
521,293
TOTAL UNRESTRICTED INVESTMENT
9,302
36,906
37,216
GAIN Retained earnings
983,582
TOTAL LIABILITIES, UNRESTRICTED INVESTMENT AND EQUITY
LABA Saldo laba
JUMLAH LIABILITAS, INVESTASI TIDAK TERIKAT DAN EKUITAS
1,041,694
1,047,471
* tidak diaudit
unaudited *
LAMPIRAN – 5/205- SCHEDULE
397
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
54. INFORMASI KEUANGAN SYARIAH (lanjutan)
TAMBAHAN
-
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
UNIT
54. SUPPLEMENTARY FINANCIAL INFORMATION SHARIA UNIT (continued)
31 Maret/March 2011 2010*
31 Desember/December 2010 2009
LAPORAN LABA RUGI Margin Bagi hasil Bonus Operasional lainnya
3,009 20,442 69 9,242
8,084 16,736 11,227
26,020 73,118 429 39,171
37,316 64,630 50,199
Jumlah pendapatan operasional
32,762
36,047
138,738
152,145
Bagi hasil untuk investor dana investasi tidak terikat - Bank - Bukan Bank
(716) (4,916)
(981) (6,373)
(3,611) (19,043)
(11,917) (28,646)
Jumlah bagi hasil
(5,632)
(7,354)
(22,654)
(40,563)
PENDAPATAN OPERASIONAL SETELAH DISTRIBUSI BAGI HASIL UNTUK INVESTOR DANA INVESTASI TIDAK TERIKAT
STATEMENTS OF INCOME Margin Profit sharing Bonus Other operating income Total operating income Margin distribution for unrestricted investment funds Bank Non Bank Total profit sharing INCOME FROM OPERATION AFTER DEDUCTING MARGIN DISTRIBUTION FOR UNRESTRICTED INVESTMENT FUNDS
27,130
28,693
116,084
111,582
Bonus iB Penyisihan kerugian pada aset Administrasi dan umum Personalia Lainnya
(328) (1,836) (1,269) (10,278) (2,702)
(408) (4,425) (551) (6,521) (2,855)
(2,078) (15,357) (3,330) (37,519) (13,081)
(848) iB Bonus (30,557) Allowance for possible losses on assets (1,899) General and administrative (23,384) Salaries and employee benefits (12,855) Others
Jumlah beban operasional
(16,413)
(14,760)
(71,365)
(69,543)
Total operating expenses
PENDAPATAN OPERASIONAL BERSIH
10,717
13,933
44,719
42,039
NET OPERATING INCOME
Pendapatan bukan operasional Beban bukan operasional
45 (1,460)
1 (1,974)
98 (7,911)
32 (4,855)
Non-operating income Non-operating expense
BEBAN BUKAN OPERASIONAL
(1,415)
(1,973)
(7,813)
(4,823)
NET NON-OPERATING EXPENSE
9,302
11,960
36,906
37,216
LABA PERIODE BERJALAN
Pada tanggal 31 Maret 2011, rasio pembiayaan bermasalah (“NPF”) bruto terhadap jumlah pembiayaan yang diberikan adalah sebesar 1,08% (31 Desember 2010: 0,87% dan 2009: 0,84%).
INCOME DURING THE PERIOD
As at 31 March 2011 the percentage of gross nonperforming finance (“NPF”) to total loans was 1.08% (31 December 2010: 0.87% and 2009: 0.84%).
* tidak diaudit
unaudited *
LAMPIRAN – 5/206- SCHEDULE
398
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
55. PENERAPAN AWAL ATAS PSAK 50 (REVISI 2006) DAN PSAK 55 (REVISI 2006)
55. FIRST ADOPTION OF PSAK 50 (2006 REVISION) AND PSAK 55 (2006 REVISION)
Bank dan Anak Perusahaan telah menerapkan PSAK No. 50 (Revisi 2006) dan PSAK No. 55 (Revisi 2006) secara prospektif sejak tanggal 1 Januari 2010.
The Bank and Subsidiaries prospectively implemented SFAS No. 50 (2006 Revision) and SFAS No. 55 (2006 Revision) effective on 1 January 2010.
Dalam implementasi standar baru tersebut, Bank dan Anak Perusahaan telah melakukan identifikasi penyesuaian transisi di bawah ini berdasarkan Buletin Teknis No. 4 mengenai provisi transisi atas implementasi PSAK No. 50 (Revisi 2006) dan PSAK No. 55 (Revisi 2006) untuk pertama kalinya yang dikeluarkan oleh Ikatan Akuntan Indonesia.
In adopting the above new standards, the Bank and Subsidiaries had identified the following transitional adjustments in accordance with the Technical Bulletin No. 4 concerning the transitional provisions for the first adoption of SFAS No. 50 (2006 Revision) and SFAS No. 55 (2006 Revision) as issued by Indonesia Institute of Accountants.
Dampak atas transisi PSAK No. 50 (Revisi 2006) dan PSAK No. 55 (Revisi 2006) terhadap saldo awal laporan posisi keuangan konsolidasian tanggal 1 Januari 2010 ditampilkan pada tabel berikut ini:
The effect of the transition to SFAS No. 50 (2006 Revision) and SFAS No. 55 (2006 Revision) to the Bank’s opening consolidated statement of financial position as at 1 January 2010 was set out in the following table:
Sesuai yang dilaporkan/ As reported Aset Giro pada bank lain Penempatan pada bank lain dan Bank Indonesia Efek-efek Tagihan derivatif Pinjaman yang diberikan Piutang pembiayaan konsumen Tagihan akseptasi Beban dibayar dimuka dan aset lain-lain
Penyesuaian atas penerapan ke PSAK No. 50 dan No. 55 (Revisi 2006)/ Transitional adjustments to SFAS No. 50 and No. 55 (2006 Revision)
Setelah penyesuaian/ As adjusted
1,907,506
16,954
1,924,460
4,189,435 4,431,548 322,103 58,367,570 2,654,674 1,109,287
24,794 4,340 3,468 (27,613) (83,661) 10,757
4,214,229 4,435,888 325,571 58,339,957 2,571,013 1,120,044
4,509,726
46,727
4,556,453
Assets Current accounts with other banks Placements with other banks and Bank Indonesia Marketable securities Derivative receivables Loans Consumer financing receivables Acceptance receivables Prepayments and other assets
Liabilitas Estimasi kerugian atas komitmen dan kontinjensi
30,734
(30,734)
-
Liabilities Estimated losses on commitments and contingencies
Hak minoritas
96,235
(3,825)
92,410
Minority interest
7,771,959
Equity Retained earnings
Ekuitas Saldo laba
7,741,634
30,325
Penyesuaian atas penerapan ke PSAK No. 50 dan No. 55 (Revisi 2006) tersebut diatas merupakan penyesuaian atas saldo awal penyisihan kerugian penurunan nilai aset keuangan pada tanggal 1 Januari 2010.
The transitional adjustments to SFAS No. 50 and No. 55 (2006 Revision) represented the adjustments to the opening balance of allowance for impairment losses of financial assets as of 1 January 2010.
* tidak diaudit
unaudited *
LAMPIRAN – 5/207- SCHEDULE
399
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
56. REKLASIFIKASI AKUN
56. RECLASSIFICATION OF ACCOUNTS
Akun tertentu dalam laporan keuangan konsolidasian untuk periode yang berakhir pada tanggal 31 Maret 2010 dan tahun yang berakhir pada tanggal 31 Desember 2010, 2009 dan 1 Januari 2009/ 31 Desember 2008 telah direklasifikasi agar sesuai dengan penyajian laporan keuangan konsolidasian untuk periode yang berakhir pada tanggal 31 Maret 2011.
Certain accounts in the consolidated financial statement for the period ended 31 March 2010 and years ended 31 December 2010, 2009 and 1 January 2009/31 December 2008 have been reclassified to conform with the presentation of consolidated financial statements for the period ended 31 March 2011.
31 Maret/March 2010* Sebelum reklasifikasi/ Before reclassifications
Reklasifikasi/ Reclassifications
Setelah reklasifikasi/ After reclassifications
LAPORAN LABA RUGI KONSOLIDASIAN Pendapatan provisi dan komisi Imbalan jasa Keuntungan/(kerugian) transaksi mata uang asing - bersih (Kerugian)/keuntungan atas perubahan nilai wajar atas instrumen keuangan Keuntungan yang telah direalisasi atas instrumen derivatif Beban atas transaksi dalam mata uang asing Beban operasional lainnya Beban provisi dan komisi Beban umum dan administrasi Beban tenaga kerja dan tunjangan Keuntungan/(kerugian) yang belum direalisasi atas perubahan nilai wajar efek-efek dan Obligasi Pemerintah - bersih Lain-lain Pendapatan dan beban bukan operasional Pendapatan bukan operasional Beban bukan operasional
CONSOLIDATED STATEMENT OF INCOME 516,653 172,457
(233,337) 233,337
283,316 405,794
17,225
(17,225)
-
-
1,687
1,687
-
52,864
52,864
-
(37,785)
(37,785)
Fees and commissions income Fees Foreign exchange gains/ (losses) - net (Loss)/gain from changes in fair value of financial instruments Realized gain from derivative instruments Expense from foreign exchange transactions
(81,533)
478
(81,055)
(577,982) (845,357)
(4,573) 42
(582,555) (845,315)
(459) (74,090)
459 1,748
(72,342)
Other operating expenses Fees and commissions expense General and administrative expenses…. Salaries and employee benefits Unrealized gains/(losses) from changes in fair value of securities and Government Bonds - net Others
21,594 (144,300)
Non-operating income and expenses Non-operating income Non-operating expenses
29,829 (154,840)
(8,235) 10,540
* tidak diaudit
unaudited *
LAMPIRAN – 5/208- SCHEDULE
400
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
56. REKLASIFIKASI AKUN (lanjutan)
56. RECLASSIFICATION OF ACCOUNTS (continued) 31 Desember/December 2010
Sebelum reklasifikasi/ Before reclassifications
Reklasifikasi/ Reclassifications
Setelah reklasifikasi/ After reclassifications
LAPORAN POSISI KEUANGAN KONSOLIDASIAN
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
LIABILITAS Estimasi kerugian atas komitmen dan kontijensi Beban yang masih harus dibayar dan liabilitas lain-lain
3,551,560
LIABILITIES Estimated loss on commitments and contingencies Accrual and other liabilities
-
Non-controlling interests EQUITY Equity attributable to equity holders of the parent company Foreign exchange difference from translation of financial statements
Kepentingan non-pengendali EKUITAS Ekuitas yang dapat diatribusikan kepada pemilik entitas induk Selisih kurs karena penjabaran laporan keuangan Keuntungan yang belum direalisasi atas efek-efek dan Obligasi Pemerintah dalam kelompok tersedia untuk dijual, bersih Selisih transaki perubahan ekuitas Anak Perusahaan Komponen ekuitas lainnya
424
(424)
3,551,136
424
159,241
-
(159,241)
1,985
(1,985)
-
92,888
(92,888)
-
(16,737) -
16,737 78,136
78,136
Unrealised gains of available for sale marketable securities and Government Bonds, net Difference in transaction of changes in equity of Subsidiaries Other equity components
159,241
159,241
Non-controlling interests
Kepentingan non-pengendali
-
31 Desember/December 2009 Sebelum reklasifikasi/ Before reclassifications
Reklasifikasi/ Reclassifications
Setelah reklasifikasi/ After reclassifications
LAPORAN POSISI KEUANGAN KONSOLIDASIAN
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
LIABILITAS Estimasi kerugian atas komitmen dan kontijensi Beban yang masih harus dibayar dan liabilitas lain-lain
-
LIABILITIES Estimated loss on commitments and contingencies
Kepentingan non-pengendali EKUITAS Ekuitas yang dapat diatribusikan kepada pemilik entitas induk Selisih kurs karena penjabaran laporan keuangan Kerugian yang belum direalisasi atas efek-efek dan Obligasi Pemerintah dalam kelompok tersedia untuk dijual, bersih Selisih transaksi perubahan ekuitas Anak Perusahaan Komponen ekuitas lainnya Kepentingan non-pengendali
30,734
(30,734)
2,728,305
30,734
2,759,039
Accruals and other liabilities
96,235
(96,235)
-
Non-controlling interests
-
EQUITY Equity attributable to equity holders of the parent company Foreign exchange difference from translation of financial statements
1,996
(1,996)
(291,926)
291,926
(32,767) -
32,767 (322,697)
-
96,235
* tidak diaudit
Unrealised loss of available for sale marketable securities and Government Bonds, net Difference in transaction of - changes in equity of Subsidiaries (322,697) Other equity components 96,235
Non-controlling interests
unaudited *
LAMPIRAN – 5/209- SCHEDULE
401
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
56. REKLASIFIKASI AKUN (lanjutan)
56. RECLASSIFICATION OF ACCOUNTS (continued) 31 Desember/December 2008 1 Januari/January 2009
Sebelum reklasifikasi/ Before reclassifications
Reklasifikasi/ Reclassifications
Setelah reklasifikasi/ After reclassifications
LAPORAN POSISI KEUANGAN KONSOLIDASIAN
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
LIABILITAS Estimasi kerugian atas komitmen dan kontijensi Beban yang masih harus dibayar dan liabilitas lain-lain
2,674,768
LIABILITIES Estimated loss on commitments and contingencies Accrual and other liabilities
-
Non-controlling interests
-
EQUITY Equity attributable to equity holders of the parent company Foreign exchange difference from translation of financial statements
Kepentingan non-pengendali EKUITAS Ekuitas yang dapat diatribusikan kepada pemilik entitas induk Selisih kurs karena penjabaran laporan keuangan Kerugian yang belum direalisasi atas efek-efek dan Obligasi Pemerintah dalam kelompok tersedia untuk dijual, bersih Selisih transaki perubahan ekuitas Anak Perusahaan Komponen ekuitas lainnya Kepentingan non-pengendali
27,411
(27,411)
2,647,357
27,411
530,197
(530,197)
2,866
(2,866)
-
(749,832)
749,832
(73,653) -
73,653 (820,619)
(820,619)
530,197
530,197
-
57. STANDAR AKUNTANSI BARU
-
Unrealised losses of available for sale marketable securities and Government Bonds, net Difference in transaction of changes in equity of Subsidiaries Other equity components Non-controlling interests
57. NEW ACCOUNTING STANDARDS
Terdapat beberapa standar akuntansi yang sudah diterbitkan tetapi belum efektif pada tanggal 31 Maret 2011 dan belum diterapkan di dalam penyusunan laporan keuangan konsolidasian ini.
A number of new accounting standards have been issued but are not yet effective as at 31 March 2011 and have not been applied in preparing these consolidated financial statements.
x
x
Standar akuntansi yang akan berlaku efektif untuk laporan keuangan dengan periode yang dimulai pada atau setelah tanggal 1 Januari 2012: -
PSAK No. 10 (Revisi 2010), “Pengaruh Perubahan Kurs Valuta Asing”.
The accounting standards which will be effective for financial statements beginning on or after 1 January 2012: -
* tidak diaudit
SFAS No. 10 (2010 Revision), “The Effects of Changes in Foreign Exchange Rates”.
unaudited *
LAMPIRAN – 5/210- SCHEDULE
402
PT BANK DANAMON INDONESIA Tbk DAN ANAK PERUSAHAAN / AND SUBSIDIARIES CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK PERIODE TIGA BULAN YANG BERAKHIR 31 MARET 2011 DAN 2010* DAN TAHUN YANG BERAKHIR 31 DESEMBER 2010 DAN 2009 (Dinyatakan dalam jutaan Rupiah)
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIODS ENDED 31 MARCH 2011 AND 2010* AND YEARS ENDED 31 DECEMBER 2010 AND 2009 (Expressed in million Rupiah)
57. STANDAR AKUNTANSI BARU (lanjutan)
57. NEW ACCOUNTING STANDARDS (continued)
-
PSAK No. 18 (Revisi 2010), “Akuntansi dan Pelaporan Program Manfaat Purnakarya”.
-
SFAS No. 18 (2010 Revision), “Accounting and Reporting by Retirement Benefits Plan”.
-
PSAK No. 24 (Revisi 2010), “Imbalan Kerja”.
-
SFAS No. 24 (2010 Revision), “Employee Benefits”.
-
PSAK No. 46 (Revisi 2010), “Akuntansi Pajak Penghasilan”.
-
SFAS No. 46 (2010 Revision), “Accounting for Income Taxes”.
-
PSAK No. 50 (Revisi 2010), “Instrumen Keuangan: Penyajian”.
-
SFAS No. 50 (2010 Revision), “Financial Instrument: Presentation”.
-
PSAK No. 53 (Revisi 2010), “Pembayaran Berbasis Saham”.
-
SFAS No. 53 (2010 Revision), “Share-Based Payment”.
-
PSAK No. 60, Pengungkapan”.
Keuangan:
-
SFAS No. Disclosure”.
-
PSAK No. 61, “Akuntansi Hibah Pemerintah dan Pengungkapan Bantuan Pemerintah”.
-
SFAS No. 61, “Accounting for Government Grants and Disclosure of Government Assistance”.
-
ISAK No. 13, “Lindung Nilai Investasi Neto dalam Kegiatan Usaha Luar Negeri”.
-
IFAS No. 13, “Hedge of a Net Investment in a Foreign Operation”.
-
ISAK No. 15, “PSAK 24 - Batas Aset Imbalan Pasti, Persyaratan Pendanaan Minimum dan Interaksinya”.
-
IFAS No. 15, “SFAS 24 - The Limit on a Defined Benefit Asset, Minimum Funding Requirement and their Interaction”.
-
ISAK No. 20, “Pajak Penghasilan - Perubahan dalam Status Pajak Entitas atau Para Pemegang Saham”.
-
IFAS No. 20, “Income Taxes - Changes in the Tax Status of an Entity or its Shareholders”.
-
ISAK No. 18, “Bantuan Pemerintah - Tidak Ada Relasi Spesifik dengan Aktivitas Operasi”.
-
IFAS No. 18, “Government Assistance - No Specific Relation to Operating Activities”.
“Instrumen
Perseroan sedang dalam proses menganalisis dampak yang akan ditimbulkan dari penerapan standar-standar akuntansi ini. 58. PERISTIWA SETELAH TANGGAL NERACA
60,
“Financial
Instruments:
The Company is in the process of analyzing the impact that will result from the adoption of these accounting standards. 58. SUBSEQUENT EVENT
Pada tanggal 18 Mei 2011, ADMF menerima Surat Pemberitahuan Efektif No. S-5474/BL/2011 dari Bapepam dan LK sehubungan dengan Penawaran Umum Obligasi Adira Dinamika Multi Finance V Tahun 2011 dengan Tingkat Bunga Tetap.
On 18 May 2011, ADMF received Effective Letter No. S-5474/BL/2011 from Bapepam and LK in relation to a Public Offering of Adira Dinamika Multi Finance Bonds V Year 2011 with Fixed Interest Rate.
* tidak diaudit
unaudited *
LAMPIRAN – 5/211- SCHEDULE
403
XV. PARTIES ACTING AS STANDBY PURCHASERS Based on the Standby Purchase Agreement, the parties acting as Standby Purchasers in relation to LPO V are as follows: Citigroup Global Markets Singapore Pte. Ltd.
Deutsche Bank AG, Hong Kong Branch
Centennial Tower 3 Temasek Avenue, #12-00 Singapore 039190 Fax: +65-6432-1111 Phone: +65-6722-4330
Level 52, International Commerce Centre 1 Austin Road West, Kowloon Hong Kong, China Fax: +852-2203-7300 Phone: +852-2203-8888
Based on the Standby Purchase Agreement, the Standby Purchasers have agreed to the following: If the shares offered in this LPO V are not fully subscribed or purchased by the holders of Rights, the remaining shares shall be allocated to other holders of Rights who have subscribed for more than their entitlement in the Rights in proportion with their respective shareholding. If after such allocation unsubscribed shares still remain, then in accordance with the provisions of the Standby Purchase Agreement, the Standby Purchasers have declared their commitment to purchase such remaining shares which have not been purchased by the shareholders or the holders of Rights, with Citi and Deutsche Bank taking equal amounts between them from such remaining shares. The following are some of the conditions precedent in relation to the Standby Purchase Agreement: The obligation of the Standby Purchasers to purchase shares will depend on the following conditions precedent, among others, having been fulfilled by no later than the Effective Date. 1.
the English language translation of the draft Prospectus having already been obtained and ratified by the Company to be used in LPO V;
2.
the Company having submitted, the legal opinion of Hadiputranto, Hadinoto & Partners in the form agreed upon by BAPEPAM-LK on or prior to the date of the EGMS in the event of LPO V;
3.
the final legal due diligence report as amended or finalised which has been prepared by Hadiputranto, Hadinoto & Partners in the form agreed by BAPEPAM-LK must be provided to the Standby Purchasers no later than on or prior to the date of the EGMS;
4.
the Standby Purchasers having agreed to the disclosures in the Prospectus, or press conferences, advertisements or announcements related to LPO V;
5.
the representations and warranties of the Company as set out in the Standby Purchase Agreement must be true and correct on the date of the Standby Purchase Agreement and on the Effective Date; and
6.
from the date of signing the Standby Purchase Agreement up to the date of the EGMS, no change having taken place on the financial conditions or income or activities of the Company and its subsidiaries as a whole which, in the opinion of the Standby Purchasers, is of a material and adverse nature.
The Standby Purchase Agreement also contains termination provisions, as follows (among others): 1.
Standby Purchase Agreement shall automatically terminate if the Effective Date has not occurred by 30 September 2011.
404
2.
The Standby Purchasers may terminate the Standby Purchase Agreement in their absolute discretion by written notice given to the Company, if after the execution and delivery of this Agreement and prior to the Registration Statement Effective Date: (i)
trading generally shall have been suspended or materially limited on, or by, as the case may be, the New York Stock Exchange, the London Stock Exchange, the Stock Exchange of Singapore, the Hong Kong Stock Exchange, the IDX or any over-the-counter market;
(ii)
trading of any securities issued or guaranteed by the Company shall have been suspended or materially limited on any exchange or in any over-the-counter market;
(iii)
a material disruption in securities settlement, payment or clearance services in the United States, United Kingdom, Singapore, Hong Kong or the Republic of Indonesia shall have occurred;
(iv) any moratorium on commercial banking activities shall have been declared by U.S. federal or New York State authorities in the United States, by authorities in the United Kingdom, by authorities in Singapore, by authorities in Hong Kong or by authorities in the Republic of Indonesia; (v)
the rating for debt of the Company or of the Republic of Indonesia shall have been downgraded by an internationally recognized statistical rating organisation, or other rating organisation; or
(vi) there has occurred a decrease of 10% on the composite share price index in the IDX during any period from the date of this Agreement through the Registration Statement of LPO V becomes effective. The Standby Purchasers state that they have the funds and commitment to purchase remaining shares which are unsubscribed for by the shareholders or the holders of Rights. Information on the Standby Purchasers Citigroup Global Markets Singapore Pte. Ltd. Citigroup Global Markets Singapore Pte. Ltd. (“CGMSPL”) is incorporated in the Republic of Singapore. The principal activities of CGMSPL are those relating to investment banking activities, equity research, acting as an introducing broker for its related corporations on securities, marketing fixed income products on behalf of related corporations, and providing administrative and operational support to its related corporations. The immediate holding company is Citigroup Global Markets Singapore Holdings Pte. Ltd., incorporated in Singapore. The ultimate holding company is Citigroup Inc., incorporated in the United States of America. Summary of Important Financial Data of CGMSPL (in S$) 31 December 2010 2009
Remarks Total Assets
568,170,423
410,933,537
Total Liabilities
208,642,166
102,455,408
405
(in S$) 31 December 2010 2009
Remarks Total Equity Profit for year
359,528,257
308,478,129
41,528,827
62,718,348
Deutsche Bank AG, Hong Kong Branch Deutsche Bank AG, Hong Kong Branch, is a branch of Deutsche Bank AG, a company whose shares are listed on the Deutsche Borse (Ticker “DBK”) and the New York Stock Exchange (Ticker “DB”), with market capitalisation of EUR37.8 billion and US$55.1 billion respectively, as at 30 June 2011. Deutsche Bank AG is is a global financial services company that provides commercial, investment, private and retail banking services. It has more than 100,000 employees in 73 countries as at 30 June 2011. Summary of Important Financial Data of Deutsche Bank AG (in million Euro) 31 December 2010 2009
Remarks Assets
1,905,630
1,500,664
Liabilities
1,855,238
1,462,695
Equity
50,392
37,969
Interest income
28,779
26,953
Non-interest Income
12,984
15,493
2,330
4,958
Net Profit
406
XVI. CONDITIONS OF SHARES SUBSCRIPTION The Company has appointed PT Raya Saham Registra (“Raya Saham” or “Registrar”) as the shares administration manager and execution agency in relation to this LPO V, in accordance with the Deed of Agreement on Shares Administration Management and Execution Agency in LPO V of the Company No 28 dated, 15 August 2011, drawn up before Fathiah Helmi, SH, Notary in Jakarta, between the Company and the Registrar. The foregoing are the conditions and procedures for shares subscription: 1.
ENTITLED SUBSCRIBER The shareholders are entitled to purchase a number of new shares in LPO V provided that any shareholder holding 1,000 (one thousand) shares shall be entitled to 138 (one hundred thirty eight) Rights, where 1 (one) Right is entitled to purchase 1 (one) new B Series share. The Shares Offering Price shall be Rp4,300 (four thousand and three hundred Rupiah) per share which must be fully paid up at the time of subscription for purchase of the shares. A subscriber who is entitled to subscribe for new shares is a holder of a valid Right, namely a shareholder who has obtained Rights from the Company and who is yet to sell such Rights or a subscriber of Rights whose name is listed in the Certificate of Evidence of Rights or in the endorsement column of the Certificate of Evidence of a Holder of Rights who is registered at the KSEI Collective Depository. The subscriber may consist of an Indonesian or foreign individual or legal institution or entity as regulated under Law No.8 year 1995 dated 10 November 1995 on the Capital Market.
2.
DISTRIBUTION OF RIGHTS, PROSPECTUS AND FORMS (a)
For shareholders whose shares are deposited in the Collective Depository of KSEI, the Rights will be distributed electronically through the respective securities accounts of IDX members (“Exchange Members”) or custodian banks in KSEI (“Custodian Banks”) no later than one Business Day after the date of recording in the Shareholders Register (Daftar Pemegang Saham, DPS) with Rights on 12 September 2011 at 16:00 WIB. The Prospectus, Additional Shares Subscription Form (Formulir Pemesanan Pembelian Saham Tambahan, FPPS) and other forms may be obtained by shareholders from each Exchange Member or Custodian Bank and may be obtained at the Securities Administration Bureau (BAE) of the Company.
(b)
For shareholders whose shares have not been converted to scripless form nor deposited in the Collective Depository system of KSEI, the Company shall issue a Certificate of Evidence of Rights in the name of the Shareholders.
Shareholders who are domiciled in Jakarta and outside Jakarta, including non-Indonesian shareholders, may collect Certificates of Evidence of Rights (for shareholders who have not deposited shares in the Collective Depository system in KSEI), Prospectus, Additional FPPS and other forms to the Securities Administration Bureau of the Company during each business day and during business hours on 13 September 2011. The shareholders must also present photocopies and original valid identifications (identity cards (KTPs)/passports/KITAS). For shareholders granting powers of attorney to third parties to collect such documents, such third parties shall submit photocopies and original powers of attorney as signed by the shareholders so granting such authorisation as well as originals and copies of identifications (ID cards/Passports/KITAS) of the shareholders.
407
3.
REGISTRATION OF RIGHTS EXERCISE A Holder of Rights which is registered at the KSEI Collective Depository and wishes to exercise its Rights, including a Holder of Rights not domiciled in Indonesia, must request for its exercise through an Exchange Member/Custodian Bank so appointed as its securities manager. Further, such Exchange Member/Custodian Bank shall submit a request or instruction of exercise through the C-BEST system in accordance with the procedures determined by KSEI. In performing such exercise instruction, the Exchange Member/Custodian Bank shall meet the following conditions: 1.
The Holder of Rights must provide sufficient funds for the exercise of the Rights at the time of filing of such request.
2.
The sufficiency of the Rights and the payment funds for the exercise of the Rights must already be made available in the securities account of the Holder of Rights so exercising its right.
On One Business Day thereafter, KSEI will deliver its list of Holders of Rights in the KSEI Collective Depository who have exercised their Rights and delivered payment funds for such exercise of Rights in the account of the Company. Shares resulting from the exercise of Rights will be distributed by the Company or Raya Saham in electronic form to the bank account designated by KSEI to be further distributed to each securities account of the Holder of Rights exercising its Rights by KSEI. Shares resulting from the exercise of Rights will be distributed by the Company/or the Registrar no later than 2 (two) Business Days upon receipt of the exercise request from KSEI and receipt of the payment funds in good funds in the account of the Company. Indonesian and non-Indonesian shareholders who have not registered their shares at the Collective Depository system at KSEI and who wish to exercise their Rights must submit requests to exercise such Rights to the Securities Administration Bureau of the Company, as follows: PT Raya Saham Registra Plaza Sentral Building, 2nd floor Jl. Jenderal Sudirman Kav 47-48 Jakarta 12930, Indonesia and submit the following documents: 1.
Original Rights Certificate which has been duly completed and signed.
2.
Original evidence of payment by way of transfer/book transfer/clearing/cheque/cash to the account of the Company from the payment bank.
3.
Photocopies of valid KTPs/Passports/KITAS (for individuals) or photocopy of the Articles of Association attached with the composition of the Board of Directors/Management (for Institutions/Legal Entities);
4.
Original valid power of attorney (if authorized) which is affixed with Rp6,000 (six thousand Rupiah) stamp duty and attached with photocopies of the KTPs/Passports/KITAS of both the Attorney and the Authorizer. A foreign applicant is obliged to provide the name and complete address of its authorized third parties as well as the complete name and address of a foreign applicant residing outside of Indonesia; and
5.
If a Holder of Rights wishes for its shares which result from the exercise to be in electronic form, such request for exercise shall be submitted to the Securities Administration Bureau 408
of the Company through the appointed Exchange Member/Custodian Bank by submitting the following additional documents: (a)
Original power of attorney from the Holder of Rights to such Exchange Member/ Custodian Bank to submit a request for the exercise of Rights in the KSEI collective custody on behalf of the authorising person;
(b)
Original Form of Securities Deposit issued by the KSEI which has been completed and signed,
(c)
Cost of conversion to electronic form will be charged with fees in the amount of Rp1,650 (one thousand six hundred fifty Rupiah) per Rights Certificate or minimum Rp25,000 (twenty five thousand Rupiah) plus Value Added Tax in the amount of 10% per Rights Certificates.
If the Holder of Rights does not wish for its Rights shares to be deposited in the collective deposit, the Company shall issue Rights in the form of SKS. The registration of Rights Exercise shall be carried out at the Securities Administration Bureau of the Company, Registration may be conducted from 14 September 2011 until 21 September 2011 during each business day and working hours (Monday-Friday, 09.00-15.00 WIB). If the completion of Certificate of Evidence of Rights does not accord with the guidelines/terms of shares subscription as set out in the Certificate of Evidence of Rights and the Prospectus, this matter may lead to the rejection of such subscription. The Rights shall only be considered exercised upon evidence that payment has been received in good funds in the account of the Company, in accordance with the conditions set out in the terms of purchase in the Prospectus. 4.
SUBSCRIPTION OF ADDITIONAL SHARES A shareholder who refuses to sell its Rights or a Rights purchaser/holder whose name is set out in the Certificate of Evidence of Rights or a Holder of Rights in the KSEI Collective Depository may subscribe for additional shares which exceed shares so owned by it by completing the additional shares subscription column as provided in the Certificate of Evidence of Rights and/or Additional FPPS in a minimum amount of 500 (five hundred) shares or multiples thereof. 1.
A holder of Rights in the form of warrant/Certificate of Evidence of Rights who wishes for its allotted shares to be in electronic form shall submit a request to the Securities Administration Bureau of the Company through an Exchange Member/Custodian Bank by submitting the following documents: (a)
Original Additional FPPS which has been duly and correctly completed;
(b)
Original power of attorney from the holder of Rights to the Exchange Member or Custodian Bank to apply for the subscription of additional shares and to manage securities on the allotted shares in the KSEI Collective Depository and other authorisations which may be provided in relation to the subscription of additional shares on behalf of the authorising person;
(c)
Photocopies of valid KTPs/Passports/KITAS (for individuals) or photocopy of Articles of Association which is attached with the composition of the Board of Directors/ Management (for Institutions/Legal Entities);
(d)
Original evidence of payment by way of transfer/book transfer/clearing/cheque/cash to the account of the Company’s from the payment bank; 409
2.
(e)
Original Securities Deposit Form issued by the KSEI which has been duly completed for the purposes of distribution of shares resulting from the exercise by the Securities Administration Bureau;
(f)
Additional exercise in the electronic system will be imposed with an additional fee of Rp1,650 (one thousand six hundred and fifty Rupiah) per Rights Certificate or a minimum Rp25,000 (twenty five thousand Rupiah), in addition to 10% Value Added Tax for each Rights Certificate.
A holder of Rights in the KSEI Collective Depository shall complete and submit the Additional FPPS by attaching the following documents: (a)
Original settled exercise instruction as conducted accordingly through C-BEST under the name of said Holder of Rights (specifically for a Holder of Rights in the KSEI Collective Depository which has exercised its Rights through the C-BEST system);
(b)
Original Securities Deposit Form issued by KSEI which has been duly completed for the purposes of distribution of shares resulting from the exercise by the Securities Administration Bureau;
(c)
Original evidence of payment by way of transfer/book transfer/clearing/cheque/cash to the account of the Company from the payment bank;
(d)
Additional execution in the electronic system will be imposed with an additional fee of Rp1,650 (one thousand six hundred and fifty Rupiah) per Rights Certificate or a minimum Rp25,000 (twenty five thousand Rupiah), in addition to 10% Value Added Tax for each Rights Certificate.
Payment for such additional subscription may be conducted and shall have been received in good funds in the account of the Company no later than 23 September 2011. A subscription which does not accord with the guidelines under the subscription conditions may result in such subscription being rejected. 3.
A Holder of Rights who is not registered in the KSEI Collective Depository yet wish to have their allocated shares be in script form must submit a request to the Securities Administration Bureau of the Company through an Exchange Member /Custodian Bank by submitting the following documents: (a)
Original Additional FPPS which has been duly completed;
(b)
Original power of attorney from the holder of Rights to the Exchange Member or Custodian Bank to request for the subscription of additional shares and to manage securities on the allotted shares in the KSEI Collective Depository and other authorisations which may be provided in relation to the subscription of additional shares on behalf of the authorising person;
(c)
Photocopies of valid KTPs/Passports/KITAS (for individuals) or photocopy of Articles of Association which is attached with the composition of the Board of Directors/ Management (for Institutions/Legal Entities);
(d)
Original evidence of payment by way of transfer/book transfer/clearing/cheque/cash to the account of the Company from the payment bank.
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5.
ALLOTMENT FOR ADDITIONAL SUBSCRIPTION The allotment for additional shares subscription shall be determined on 26 September 2011 in accordance with BAPEPAM-LK Regulation Number VIII.G.12 under the following terms and conditions: 1.
If the total number of subscribed shares, including additional shares subscription, does not exceed the total number of shares offered in this LPO V, then all subscriptions of additional shares shall be met; or
2.
If the total number of subscribed shares, including the subscription of additional shares, exceeds the total number of shares offered in this LPO V, then towards the subscribers of additional shares a proportional allotment system which is based on the amount of Rights exercised by each shareholder so subscribing for additional shares shall be applied. At the latest 30 (thirty) days after the allotment date, the Allotment Manager will submit the report of Accountant Audit Result to BAPEPAM-LK in regards to the fairness of the allotment implementation with reference to the BAPEPAM-LK Regulation No. VIII.G.12 regarding the Examination Guideline by the Accountant on the Subscription of Securities Allotment or the Distribution of Share Bonus and BAPEPAM-LK Regulation No. IX. A.7 reagrding the Responsibility of Allotment Manager in relation to the subscription and Allotments of Securities in Public Offering.
6.
CONDITIONS OF PAYMENT Payment for Shares Subscription in relation to LPO V, which subscription is submitted directly to the Securities Administration Bureau, shall be paid in good funds in the Rupiah currency at the time of subscription by way of cash, clearing, or book transfer or transfer by including the Number of Certificate of Evidence of Rights or the Number of Additional FPPS, and such payment shall be made into the account of the Company as follows: Deutsche Bank AG Jakarta Branch Account Holder Name: PT Bank Danamon Indonesia Tbk. No.: 0200758-00-0 All bank cheques and money orders shall be disbursed upon receipt. If during the disbursement, said bank’s cheque and money order are declined by the bank, the relevant shares subscription shall be deemed cancelled. If payment is conducted by way of cheque or transfer or clearing, the payment date shall be determined based on the date of receipt of such cheque/transfer/clearing which fund has been received in good funds in the above account of the Company. For the subscription of additional shares, payment shall be conducted on the subscription date, which payment shall have been received in good funds in the above account of the Company no later than 23 September 2011. All fees which may be incurred as a result of shares subscription in this LPO V shall be borne by the subscriber. A shares subscription which fails to meet the conditions of payment shall be cancelled.
7.
EVIDENCE OF RECEIPT OF SHARES SUBSCRIPTION Upon the receipt of a shares subscription, the Securities Administration Bureau on behalf of the Company shall deliver the Evidence of Receipt of Shares Subscription to the subscribers as part of the Rights, which has been duly chopped and signed as evidence of subscription. Meanwhile,
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holders of Rights in the KSEI Collective Depository shall receive confirmations on the Rights exercise request from C-BEST at KSEI through the KSEI Account Holder. 8.
CANCELLATION OF SHARES SUBSCRIPTION The Company is entitled to cancel a shares subscription, in part or in whole, with due observance of the prevailing conditions. Notification concerning the cancellation of shares subscription shall be announced at the same time as the announcement of shares allotment. Matters which may result in the cancellation of a shares subscription are as follows:
9.
1.
Completion of Certificate of Evidence of Rights or Additional FPPS which do not accord with the shares subscription guidelines/conditions as set out in the Certificate of Evidence of Rights and the Prospectus;
2.
Failure in meeting the conditions of payment.
3.
Failure in meeting the conditions for completion of request documents.
REFUND OF SUBSCRIPTION MONIES In the event of non-fulfilment in part or in whole of an additional shares subscription or in the event of cancellation of shares subscription, the Company shall refund part of or all of the subscription monies in Rupiah currency by way of LLG/Transfer or bank transfer to the account of the shareholders entitled to received the refund of such subscription money. The refund of such subscription monies shall be conducted no later than 2 (two) Business Days after the allotment date, namely on 28 September 2011. The shares subscription refund monies may only be collected by the subscriber or its proxy by presenting original valid KTPs/Passports/KITAS (for individuals) or photocopy of Articles of Association (for Institutions/Legal Entities) and the original power of attorney as signed on Rp6,000 (six thousand Rupiah) stamp duty, by presenting the originals thereof and photocopies of valid KTPs/Passports/KITAS of the Authorizer and the Attorney (for the proxy). The amount of interest over such late refund of subscription monies shall be calculated based on the average deposit interest rate for one year PT Bank Central Asia Tbk., PT Bank Mandiri (Persero) Tbk., PT Bank Rakyat Indonesia (Persero) Tbk and PT Bank Danamon Indonesia Tbk applicable during the time of refund. The Company shall not pay interest over the late refund of subscription monies if such delay is caused by a subscriber who fails to collect its money at the designated time. For a holder of Rights in the KSEI Collective Depository who exercises its right through the KSEI, the subscription monies shall be returned by the Securities Administration Bureau.
10. DISTRIBUTION OF SHARES RESULTING FROM THE RIGHTS EXERCISE AND THE CREDITING INTO SECURITIES ACCOUNT Shares which result from the exercise of Rights for subscribers who have executed their Rights through the KSEI shall be credited into the securities account 2 (two) Business Days following receipt of the request to exercise Rights from KSEI and the payment funds in good funds into the Company’s account. Shares resulting from the exercise of Rights shall be issued in SKS form and may be collected no later than 2 (two) business days following receipt of the request by the Securities Administration Bureau of the Company and the payment funds in good funds by the Company. 412
Shares resulting from the allotment of additional shares subscription may be collected in the form of SKS or may be distributed electronically by the KSEI Collective Depository no later than 2 (two) Business Days after the allocation process. 11.
ALLOCATION FOR UNSUBSCRIBED RIGHTS If the shares offered in this LPO V are not fully subscribed for by the Holders of Rights, the remaining shares shall be allocated to other shareholders subscribing for additional shares as set out in the Certificate of Evidence of Rights in proportion to the exercised right. If after such allocation offered shares still remain then, in accordance with the provisions in the Standby Purchase Agreement, the Standby Purchasers have agreed to purchase such shares.
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XVII. INFORMATION ON THE RIGHTS ISSUE The shares offered in this LPO V are issued based on the Rights which may be traded, both in and outside of the stock exchange by the eligible shareholders. SHAREHOLDERS ELIGIBLE TO RECEIVE RIGHTS Each holder of 1,000 shares whose name is listed in the Share Register of the Company on 12 September 2011 at 4:00 BBWI shall be entitled for 138 (one hundred thirty eight) Rights in which 1 (one) Right will be entitled to purchase 1 (one) Series B share. VALID HOLDERS OF RIGHTS Valid holders of Rights are as follows: 1.
Shareholders who are entitled to receive Rights and not to sell their Rights,
2.
Purchasers of Rights whose names are listed in Certificates of Evidence of Rights, or
3.
Holders of Rights in the Collective Depository of KSEI,
until the final date of the trading period of the Rights. TRADING OF RIGHTS Holders of Rights may trade or assign their Rights during the trading period, namely from 14 September 2011 until 21 September 2011. Rights trading shall need to take into account the laws and regulations prevailing in the Republic of Indonesia, including but not limited to taxation and Capital Market regulations and including stock exchange regulations of the respective Stock Exchanges where such Rights is traded as well as regulations of the PT Kustodian Sentral Efek Indonesia (KSEI). If a Holder of Rights experiences doubt in making its decision, it is advisable to consult first with an investment consultant, securities trading dealer, investment manager, legal consultant, public accountant or other professional advisers. The Rights in the Collective Depository in KSEI is traded at the Stock Exchange, while the Certificate of Evidence of Rights in determined form shall only be traded outside of the Stock Exchange. The settlement of Rights trade conducted at the Stock Exchange shall be conducted by way of book transfer of the securities account in the name of the custodian bank or the securities company in KSEI All expenses and taxes which may be incurred due to the trading and transfer of Rights shall be the liability of and be borne by Holder of Rights or prospective holders of Rights. FORM OF RIGHTS For a shareholder whose shares are not yet deposited in the Collective Depository system in KSEI, the Company shall issue a Certificate of Evidence of Rights which states the name and address of the Holder of Rights, the total amount of shares owned, the amount of Rights which may be used to purchase the shares and a column which states the number of shares to be purchased, the total price to be paid and the amount of additional subscription of shares.
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For a shareholder whose shares are already deposited in the Collective Depository system in KSEI, the Company shall not issue a Certificate of Evidence of Rights but rather conduct a crediting of securities account in the name of a custodian bank or a securities company appointed by each of the shareholders in KSEI. REQUEST FOR SPLITTING OF CERTIFICATE OF EVIDENCE OF RIGHTS A holder of Certificate of Evidence of Rights who wishes to sell or assign parts of the Rights so owned by it may contact the Securities Administration Bureau of the company to obtain its desired Rights denomination. The Holder of Rights may conduct the splitting of Certificate of Evidence of Rights commencing from 14 September 2011 up to 21 September 2011. Each splitting shall be subject to a fee which shall be borne by the applicant, namely an amount of Rp3,300 (three thousand three hundred Rupiah) for each new Certificate of Evidence of Rights resulting from said splitting. Said fee already includes Value Added Tax. VALUE OF RIGHTS (a)
The value of each Rights offered by a valid Holder of Rights shall differ for each Rights based on the power of supply and demand existing at the time of offer.
(b)
The following is an illustration of a theoretical calculation of Rights value in this Limited Public Offering. The following calculation is solely a theoretical illustration and shall not be construed as a guarantee or estimation of the Rights value. This illustration is provided to give a general description on the calculation of Rights value: If the final share price on the final trading date Shares containing Rights (Cum Rights)
= RpC
Limited Public Offering Exercise Price (Exercise Price)
= RpE
If each holder of L old shares is entitled to subscribe for new B shares, then the total amount of shares after such Rights exercise shall be L+B. As such, the theoretical price of the new shares commencing on the trading date of shares which do not contain Rights is as follows: (RpC X L) + (RpE X B) (L + B) = RpN Rights theoretical price
= RpN − RpE
FRACTIONS OF RIGHTS In accordance with Regulation No. IX.D.1., such fractions of Rights must be sold by the Company and the proceeds thereof shall be deposited into the account of the Company.
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USE OF CERTIFICATE OF EVIDENCE OF RIGHTS A Certificate of Evidence of Rights is an evidence of right which is granted by the Company to its holder to purchase Series B shares as offered by the Company pursuant to the LPO V. The Certificate of Evidence of Rights may not be converted into money or any other form at the Company nor traded in photocopy form. The Certificate of Evidence of Rights for a Holder of Rights in the Collective Depository of KSEI will be granted by KSEI through an Exchange Member or its Custodian Bank. MISCELLANEOUS A Holder of Rights or a prospective Holder of Rights must be liable for all costs incurred from the transfer of Rights. For further information concerning the Rights, the investor may contact the Securities Administration Bureau of the Company for this LPO V.
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XVIII. DISTRIBUTION OF PROSPECTUS, FORMS AND CERTIFICATE OF EVIDENCE OF RIGHTS The Company has announced material information in relation to this LPO V through newspaper advertisements. 1.
For a shareholder whose shares are deposited with the Collective Depository of KSEI, the Rights will be distributed electronically through the securities account of an Exchange Member or its Custodian Bank in KSEI by no later than one Business Day after the date of registration at the Registry of Shareholders entitled to Rights, namely on 12 September 2011 at 16.00 WIB. The Prospectus, Additional Shares Subscription Form (Additional FPPS) and other forms will be distributed by the Company to KSEI and may be obtained by each shareholder from each Exchange Member or its Custodian Bank.
2.
For a shareholder whose shares are not deposited in the Collective Depository of KSEI, the Company shall issue the Certificate of Evidence of Rights under the name of such shareholder.
Shareholders residing in Jakarta, Bogor, Tangerang and Bekasi (Jabotabek) or domiciled outside Jabotabek may personally collect their Certificates of Evidence of Rights, Additional FPPS and other forms during business days and business hours on 13 September 2011 by presenting their original identifications (KTPs/Passports/KITAS) and submitting photocopies thereof as well as original Powers of Attorney for those are unable to personally collect the same at the Securities Administration Bureau: PT Raya Saham Registra Gedung Plaza Sentral, 2nd Floor Jl. Jend. Sudirman Kav 47-48, Jakarta 12930 — Indonesia Phone: (6221) 252 5666, Facsimile: (6221) 252 5028 Attention: Corporate Action Division If up to 21 September 2011 the shareholders of the Company whose names are registered in the Shareholders Registry of the Company dated 12 September 2011 have not yet collected their Certificates of Evidence of Rights, Prospectus, Additional FPPS and other forms and fail to contact the Securities Administration Bureau of the Company, then all of the risks or losses which may arise shall not form the liability of the Company or the Securities Administration Bureau but rather form the liability of the respective shareholders.
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XIX. ADDITIONAL INFORMATION For further information or inquiries in relation to this Prospectus, the shareholders may contact the following parties: PT Bank Danamon Indonesia Tbk Head Office Menara Bank Danamon, 6th Floor Jl. Prof. Dr. Satrio Kav. E4, No.6 Mega Kuningan, Jakarta 12950 Phone: (6221) 57991001-3, Fax: (6221) 5799-1048 Internet website: www.danamon.co.id PT Raya Saham Registra Gedung Plaza Sentral 2nd Floor Jl. Jenderal Sudirman Kav 47-48 Jakarta 12930, Indonesia Phone: (6221) 2525666, Fax: (6221) 2525028 Attention: Corporate Action Division
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TOPPAN VITE PTE. LTD. SCR1108033
