PT Bank Panin, Tbk. & Subsidiaries PT Bank Panin, Tbk ... · PT Bank Panin, Tbk. & Subsidiaries...
1
STATEMENTS OF EARNING ASSET QUALITY AND OTHER INFORMATION AS OF MARCH 31, 2018 AND 2017 (In Millions Rupiah) No. DESCRIPTION INDIVIDUAL MARCH 31, 2018 MARCH 31, 2017 C SM S D L Total C SM S D L Total I. RELATED PARTIES 1. Interbank placement a. Rupiah - - - - - - - - - - - - b. Foreign currency 93,432 - - - - 93,432 82,789 - - - - 82,789 2. Spot and derivatives claims a. Rupiah - - - - - - - - - - - - b. Foreign currency - - - - - - - - - - - - 3. Securities a. Rupiah 148,114 - - - - 148,114 9,261 - - - - 9,261 b. Foreign currency - - - - - - - - - - - - 4. Securities sold under repurchase agreement (repo) a. Rupiah - - - - - - - - - - - - b. Foreign currency - - - - - - - - - - - - 5. Claims on securities bought under reverse repo a. Rupiah - - - - - - - - - - - - b. Foreign currency - - - - - - - - - - - - 6. Acceptance claims 4,172 - - - - 4,172 1,640 - - - - 1,640 7. Loans a. Micro, small and medium enterprises (UMKM) i. Rupiah 169,596 - - - 289 169,885 9,772 - - - - 9,772 ii. Foreign currency - - - - - - - - - - - - b. Non micro, small and medium enterprises (UMKM) i. Rupiah 2,243,766 21,957 - - - 2,265,723 1,567,496 - - - - 1,567,496 ii. Foreign currency - - - - - - - - - - - - c. Restructured loans i. Rupiah 214,490 - - - - 214,490 206,453 - - - - 206,453 ii. Foreign currency - - - - - - - - - - - - d. Loans on property 482,387 21,957 - - - 504,344 454,836 - - - - 454,836 8. Equity investment 1,484,360 - - - - 1,484,360 1,489,796 - - - - 1,489,796 9. Temporary equity investment - - - - - - - - - - - - 10. Other receivables - - - - - - - - - - - - 11. Commitments and contingencies a. Rupiah 410,904 - - - - 410,904 349,500 - - - - 349,500 b. Foreign currency 3,019 - - - - 3,019 674 - - - - 674 12. Foreclosed assets - - - - - - - - - - - - II. NON-RELATED PARTIES 1. Interbank placement a. Rupiah 177,958 - - - - 177,958 1,329,408 - - - - 1,329,408 b. Foreign currency 2,801,376 - - - - 2,801,376 3,660,267 - - - - 3,660,267 2. Spot and derivatives claims a. Rupiah 30,199 - - - - 30,199 8,994 - - - - 8,994 b. Foreign currency 987 - - - - 987 1,161 - - - - 1,161 3. Securities a. Rupiah 31,734,520 - - - 6,250 31,740,770 20,300,272 - - - 6,250 20,306,522 b. Foreign currency 2,835,741 - - - - 2,835,741 2,534,293 - - - - 2,534,293 4. Securities sold under repurchase agreement (repo) a. Rupiah - - - - - - 1,152,529 - - - - 1,152,529 b. Foreign currency - - - - - - - - - - - - 5. Claims on securities bought under reverse repo (Reverse Repo) a. Rupiah 6,897,914 - - - - 6,897,914 15,370,322 - - - - 15,370,322 b. Foreign currency - - - - - - - - - - - - 6. Acceptance claims 2,529,836 - - - - 2,529,836 2,473,129 - - - - 2,473,129 7. Loans a. Micro, small and medium enterprises (UMKM) i. Rupiah 29,514,946 1,576,869 103,212 202,764 941,580 32,339,371 30,896,293 1,432,672 138,336 190,108 951,341 33,608,750 ii. Foreign currency 67,978 122 - - - 68,100 58,214 13,333 - - - 71,547 b. Non micro, small and medium enterprises (UMKM) i. Rupiah 75,462,767 2,773,050 249,576 189,218 1,701,194 80,375,805 69,180,512 2,378,958 302,235 360,820 1,578,367 73,800,892 ii. Foreign currency 12,624,457 - - - - 12,624,457 10,665,648 - - - 3,978 10,669,626 c. Restructured loans i. Rupiah 4,506,060 982,718 189,292 132,280 556,587 6,366,937 3,752,109 869,260 44,369 239,655 261,527 5,166,920 ii. Foreign currency 666,850 - - - - 666,850 743,582 - - - - 743,582 d. Loans on property 31,983,107 1,869,426 61,440 158,037 747,214 34,819,224 29,072,719 1,225,975 152,724 193,630 913,895 31,558,943 8. Equity investment 790 - - - 625 1,415 790 - - - 625 1,415 9. Temporary equity investment - - - - - - - - - - - - 10. Other receivables 6,735 433 - - - 7,168 6,279 - - - - 6,279 11. Commitments and contingencies a. Rupiah 35,211,229 37,511 3,650 9,983 72 35,262,445 33,155,015 64,549 1,631 2,325 92 33,223,612 b. Foreign currency 9,273,011 2,808 - - - 9,275,819 10,176,171 3,169 - - - 10,179,340 12. Foreclosed assets 24,839 - 24,840 288,173 98,685 436,537 4,728 - 299,850 25,169 91,997 421,744 III. OTHER INFORMATIONS 1. Assets pledged as collateral : a. To Bank Indonesia - - b. To Other parties - - 2. Impairment provision on earning assets 2,993,307 3,068,682 3. Required regulatory provision on earning assets 4,255,746 2,954,071 4. Percentage of UMKM to total loans 25.48% 28.14% 5. Percentage of to micro and small enterprises (UMK) to total loans 2.70% 3.13% 6. Percentage of UMKM debtor to total debtor 11.30% 15.87% 7. Percentage of micro and small enterprises (UMK) debtor to total debtor 4.17% 5.06% 8. Others a. Chanelling - - b. Mudharabah Muqayyadah - - c. Writen off earning assets 4,188,180 3,276,936 d. Written off earning assets that has been re-collected 1,588,681 1,471,865 e. Charged off earning assets 801,037 725,977 CALL PANIN = 500 678 ( PSTN ) = 60 678 ( PONSEL ) = +6221 - 251 5555 ( IDD ) www.panin.co.id CONSOLIDATED FINANCIAL STATEMENTS PT Bank Panin, Tbk. & Subsidiaries Notes: 1. This consolidated financial statement have been prepared in accordance with the Financial Services Authority Regulation No. 32/POJK.03/2016 dated August 8, 2016 concerning amendments to the requirements of Financial Services Authority Regulation No. 6/POJK.03/2015 regarding “Transparency and Publication of Bank’s Report” and copy of the OJK’s Circular Letter No.43/SEOJK.03/2016 dated September 28, 2016 regarding “Transparency and Publication of Convensional Commercial Bank’s Report”, and also to comply with Bapepam-LK Regulation No.VIII.G.7 included in the Appendix of the Decree of the Chairman of Bapepam-LK (currently OJK) No. KEP-347/BL/2012 dated June 25, 2012 regarding “Presentation and Disclosure of Issuer or Public Companies’ Financial Statements” related to the presentation of consolidated financial statement above. 2. The above financial information as of December 31, 2017 was derived from the consolidated financial statements which have been audited by Public Accounting Firm Satrio Bing Eny & Rekan, member of Deloitte Touche Tohmatsu Limited, (Partner in charge: Bing Harianto) which expressed an unmodified opinion. 3. To be effective after the approval from the Otoritas Jasa Keuangan (OJK). 4. The ultimate shareholders of PT Panin Financial Tbk are Gunadi Gunawan, Mu’min Ali Gunawan, Muljadi Koesumo and Tidjan Ananto. 5. The exchange rates are as of March 31, 2018 USD 1 = Rp 13,767.50; December 31, 2017 USD 1 = Rp 13,567.50 and as of March 31, 2017 USD 1 = Rp 13,325.50. Jakarta, April 23, 2018 PT BANK PANIN Tbk. Herwidayatmo President Director Hendrawan Danusaputra Vice President Director STATEMENTS OF FINANCIAL POSITION AS OF MARCH 31, 2018 AND DECEMBER 31, 2017 (In Millions Rupiah) No. DESCRIPTION INDIVIDUAL CONSOLIDATED 31 MAR 2018 31 DEC 2017 31 MAR 2018 31 DEC 2017 ASSETS 1. Cash 1,002,911 1,141,305 1,025,538 1,169,008 2. Placement to Bank Indonesia 10,386,965 10,465,172 12,233,562 11,497,447 3. Interbank placement 3,072,766 5,394,218 3,098,621 5,449,749 4. Spot and derivatives claims 31,186 8,184 31,186 8,184 5. Securities a. Measured at fair value through profit and loss 1.935.622 1.622.236 1.936.389 1,619,189 b. Available for sale 2.567.286 2.352.349 2.473.945 2.397.143 c. Held to maturity 30.221.717 18.533.684 30.870.276 19.639.296 d. Loans and receivables - - - - 6. Securites sold under repurchase agreement (repo) - 8,691,894 - 8,691,894 7. Claims on securites bought under reverse repo (reverse repo) 6,897,914 7,933,546 6,897,914 7,933,546 8. Acceptance claims 2,534,008 2,271,855 2,534,008 2,271,855 9. Loans a. Measured at fair value through profit and loss - - - - b. Available for sale - - - - c. Held to maturity - - - - d. Loans and receivables 127,843,341 127,274,920 141,148,350 140,424,860 10. Sharia financing - - - - 11. Equity investment 1,485,775 1,512,032 593,175 585,820 12. Goodwill - - - - 13. Impairment on financial assets -/- a. Securities (6,250) (6,250) (6,250) (6,250) b. Loans (2,986,432) (2,742,968) (3,750,287) (3,493,019) c. Others (625) (625) (79,776) (69,159) 14. Intangible Assets 278,892 275,558 341,057 337,266 Accumulated amortisation on intangible assets -/- (214,842) (211,845) (225,153) (220,683) 15. Fixed assets and equipment 9,876,634 9,837,247 10,242,229 10,191,623 Accumulated depreciation on fixed assets and equipments -/- (506,008) (447,753) (568,138) (503,307) 16. Non productive assets a. Abandoned properties 183,382 184,469 183,382 184,469 b. Foreclosed assets 436,537 435,963 731,446 442,135 c. Suspense accounts - - - - d. Interbranch assets * i. Conducting operational activities in Indonesia 142 - 142 - ii. Conducting operational activities outside Indonesia - - - - 17. Impairment on Non Financial Assets -/- - - - - 18. Leasing - - 2,530,703 2,897,430 19. Deferred tax assets 328,372 324,997 348,976 343,390 20. Other assets 2,553,881 1,780,094 1,950,330 1,749,911 TOTAL ASSETS 197,923,174 196,630,282 214,541,625 213,541,797 LIABILITIES AND EQUITIES LIABILITIES 1. Current account 11,161,353 9,470,116 10,572,744 9,730,637 2. Saving account 39,742,706 40,747,178 40,381,589 41,324,982 3. Time deposit 90,724,048 87,967,626 96,368,363 94,615,477 4. Revenue sharing investment - - - - 5. Liabilities to Bank Indonesia - - - - 6. Interbank liabilities 4,244,714 3,304,812 4,480,756 3,631,554 7. Spot and derivatives liabilities 36,343 9,426 36,343 9,426 8. Liabilities on securites sold under repurchase agreement (repo) - 8,138,487 - 8,138,487 9. Acceptance Liabilities 2,534,008 2,276,597 2,534,008 2,276,597 10. Issued securities 7,996,811 4,114,519 9,940,959 4,848,812 11. Loans received 4,925,770 4,918,221 8,883,706 8,961,801 12. Margin deposit 240,549 208,729 257,569 225,802 13. Interbranch liabilities * a. Conducting operational activities in Indonesia - - - - b. Conducting operational activities outside Indonesia - - - - 14. Deferred tax liabilities - - - - 15. Other liabilities 3,229,016 2,991,299 3,793,483 3,489,491 16. Profit sharing investment - - - - TOTAL LIABILITIES 164,835,318 164,147,010 177,249,520 177,253,066 EQUITIES 17. Paid in capital a. Capital 9,600,000 9,600,000 9,600,000 9,600,000 b. Unpaid capital -/- (7,191,235) (7,191,235) (7,191,235) (7,191,235) c. Treasury stock -/- - - - - 18. Additional paid in capital a. Agio 3,444,330 3,444,330 3,444,330 3,444,330 b. Disagio -/- - - - - c. Donated capital - - - - d. Fund for paid-up capital - - - - e. Other - - (28,569) (28,569) 19. Other comprehensive gain (loss) a. Translation adjustment from foreign currency - - - - b. Gain (loss) on value changes of financial assets categorized as available for sale 110,444 123,840 111,503 125,235 c. Effective portion of cash flow hedge - - - - d. Difference in fixed asset revaluation 6,765,187 6,765,259 6,820,596 6,820,872 e. Portion of other comprehensive income from associates - - 1,178 1,183 f. Gain (loss) on defined benefit actuarial program (272,977) (272,977) (274,831) (274,831) g. Income tax of other comprehensive income 40,633 37,284 40,829 37,397 h. Others - - - - 20. Difference in quasi-reorganization - - - - 21. Difference in restructuring under common control - - - - 22. Other Equity - - - - 23. Reserves a. General reserves 17,109,472 17,109,400 17,446,439 17,446,369 b. Appropriated reserves 140,000 140,000 140,000 140,000 24. Gain/loss a. Previous years 2,727,371 - 3,861,355 1,448,689 b. Current year 614,631 2,727,371 667,168 2,412,458 TOTAL EQUITIES ATTRIBUTABLE TO OWNERS 33,087,856 32,483,272 34.638.763 33,981,898 25. Non controlling interest - - 2.653.342 2,306,833 TOTAL EQUITIES 33,087,856 32,483,272 37,292,105 36,288,731 TOTAL LIABILITIES AND EQUITIES 197,923,174 196,630,282 214,541,625 213,541,797 *stated at net carrying value STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE THREE MONTHS PERIOD ENDED MARCH 31, 2018 AND 2017 (In Millions Rupiah) No. DESCRIPTION INDIVIDUAL CONSOLIDATED 31 MAR 2018 31 MAR 2017 31 MAR 2018 31 MAR 2017 OPERATIONAL INCOME AND EXPENSES A. Interest income and expenses 1. Interest income a. Rupiah 3,586,767 3,667,721 4,124,627 4,136,782 b. Foreign currency 160,477 143,175 160,590 144,706 2. Interest expenses a. Rupiah 1,851,355 1,958,189 2,092,956 2,180,476 b. Foreign currency 18,994 18,920 18,994 18,920 Net interest income (expenses) 1,876,895 1,833,787 2,173,267 2,082,092 B. Operational Income and Expenses Other than Interest 1. Operational Income Other than Interest 304,118 442,677 694,260 553,407 a. Positive mark to market on financial assets i. Securities 4,861 26,064 4,861 26,064 ii. Loans - - - - iii. Spot and derivatives 1,422 5,384 1,422 5,384 iv. Other financial assets - - - - b. Negative mark to market on financial liabilities - - - - c. Gain on sale of financial assets i. Securities 35,947 34,265 35,947 34,265 ii. Loans - - - - iii. Other financial assets - - - - d. Gain on spot and derivatives (realised) 12,081 11,099 12,081 11,099 e. Dividend 13,667 34 13,667 34 f. Gain on investment under equity method - - 13,569 24,388 g. Commission/provision/fee and administration 129,220 118,184 182,533 161,555 h. Recovery of asset impairment 12,096 35,000 312,079 46,063 i. Other income 94,824 212,647 118,101 244,555 2. Operational Expenses Other than Interest 1,380,355 1,400,865 1,949,738 1,653,793 a. Negative mark to market on financial assets i. Securities 46,687 2,922 46,873 2,947 ii. Loans - - - - iii. Spot and derivatives 5,338 947 5,338 947 iv. Other financial assets - - - - b. Positive mark to market on financial liabilities - - - - c. Loss on sale of financial assets i. Securities 298 - 298 67 ii. Loans - - - - iii. Other financial assets - - - - d. Loss on spot and derivatives (realised) - 1,956 - 1,956 e. Impairment of financial assets i. Securities - - - - ii. Loans 295,397 408,914 658,275 487,901 iii. Sharia financing - - - - iv. Other financial assets - - 24,043 17,817 f. Losses on operational risk 114 85 114 85 g. Losses on investment under equity method - - - - h. Commission/provision/fee and administration 4,132 2,203 4,132 2,203 i. Impairment of other assets (non financial assets) 50 - 481 185 j. Personnel expenses 407,726 397,199 510,655 472,370 k. Promotion expenses 7,465 11,559 12,715 15,824 l. Other expenses 613,148 575,080 686,814 651,491 Net Operational Income (Expenses) Other than Interest (1,076,237) (958,188) (1,255,478) (1,100,386) OPERATIONAL PROFIT (LOSS) 800,658 875,599 917,789 981,706 NON OPERATIONAL INCOME (EXPENSES) 1. Gain (loss) on sale of fixed assets and equipment 119 1 266 15 2. Gain (loss) on foreign exchange translation 2,557 656 3,356 118 3. Other non operational income (expenses) 10,133 8,988 13,515 23,923 NON OPERATIONAL PROFIT (LOSS) 12,809 9,645 17,137 24,056 CURRENT YEAR PROFIT (LOSS) BEFORE TAX 813,467 885,244 934,926 1,005,762 Income taxes a. Estimated current year tax (198,862) (204,410) (230,526) (228,694) b. Deferred tax income (expenses) 26 (17,578) 2,272 (16,663) NET PROFIT (LOSS) 614,631 663,256 706,672 760,405 OTHER COMPREHENSIVE INCOME 1. Items that will not be reclassified to profit or loss a. Gain on fixed asset revaluation - (23,963) - (24,148) b. Gain (loss) on defined benefit actuarial program - - - - c. Portion of other comprehensive income from associates - - (10) (357) d. Others - - - - e. Income tax relating to items that will not be reclassified to profit or loss - - - - 2. Items that will be reclassified to profit or loss a. Translation adjustment from foreign currency - - - - b. Gain (loss) on value changes of financial assets categorized as available for sale (13,396) 63,495 (13,618) 63,407 c. Effective portion from cash flow hedge - - - - d. Others - - - - e. Income tax relating to items that will be reclassified to profit or loss 3,349 (15,874) 3,405 (15,851) OTHER COMPREHENSIVE INCOME OF THE CURRENT YEAR - NET OF APPLICABLE INCOME TAX (10,047) 23,658 (10,223) 23,051 CURRENT YEAR TOTAL COMPREHENSIVE INCOME 604,584 686,914 696,449 783,456 Profit attributable to: EQUITY HOLDERS OF THE PARENT ENTITY 614,631 663,256 667,168 724,708 NON CONTROLLING INTEREST 39,504 35,697 CURRENT YEAR TOTAL PROFIT 614,631 663,256 706,672 760,405 Total Comprehensive Profit (Loss) Attributable to: EQUITY HOLDERS OF THE PARENT ENTITY 604,584 686,914 656,865 748,154 NON CONTROLLING INTEREST - - 39,584 35,302 TOTAL COMPREHENSIVE PROFIT (LOSS) FOR THE YEAR 604,584 686,914 696,449 783,456 TRANSFER OF PROFIT (LOSS) TO HEAD OFFICE - - - - DIVIDEND - - - - NET EARNINGS (LOSS) PER SHARE 25.52 27.54 27.70 30.09 STATEMENTS OF COMMITMENTS AND CONTINGENCIES AS OF MARCH 31, 2018 AND DECEMBER 31, 2017 (In Millions Rupiah) No. DESCRIPTION INDIVIDUAL CONSOLIDATED 31 MAR 2018 31 DEC 2017 31 MAR 2018 31 DEC 2017 I. COMMITTED CLAIMS 1. Unused borrowing a. Rupiah - - - - b. Foreign currency - - - - 2. Outstanding spot and derivatives (purchased) 7,801,082 7,125,370 7,801,082 7,125,370 3. Others - - - - II. COMMITTED LIABILITIES 1. Undisbursed loan facilities to debtors a. BUMN i. Committed - Rupiah 2,358,896 2,192,999 2,358,896 2,192,999 - Foreign currency 1 1 1 1 ii. Uncommitted - Rupiah 220,001 300,001 220,001 300,001 - Foreign currency 2,753,499 4,070,250 2,753,499 4,070,250 b. Others i. Committed 28,779,934 27,334,710 28,672,561 27,124,710 ii. Uncommitted 8,616,584 7,685,886 9,106,866 7,941,487 2. Undisbursed loan facilities to other banks a. Committed i. Rupiah 35,352 44,568 35,352 44,568 ii. Foreign currency - - - - b. Uncommitted i. Rupiah - - 93,604 90,158 ii. Foreign currency - - - - 3. Outstanding irrevocable L/C a. Foreign L/C 696,187 923,378 696,187 923,378 b. Local L/C 634,150 576,370 634,150 576,370 4. Outstanding spot and derivatives (sold) 7,803,866 7,124,673 7,803,866 7,124,673 5. Others - - - - III. CONTINGENT CLAIMS 1. Received guarantees a. Rupiah - - - - b. Foreign currency - - - - 2. Accrued interest a. Loan Interest 685,555 581,761 685,555 582,099 b. Other interest - - - - 3. Others - 1,247 - 1,247 IV. CONTINGENT LIABILITIES 1. Issued guarantees a. Rupiah 793,487 685,412 826,645 718,570 b. Foreign currency 64,096 72,361 64,096 72,361 2. Others 452,266 409,480 452,266 409,480 STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS PERIOD ENDED MARCH 31, 2018 AND 2017 (In Millions Rupiah) DESCRIPTION CONSOLIDATED 31 MAR 2018 31 MAR 2017 CASH FLOWS FROM OPERATING ACTIVITIES Interest, loan commissions and fees received 4,272,733 4,239,420 Interest, prizes, fund commissions and fees paid (2,023,369) (2,153,959) Other operating revenues received 220,740 279,870 Other operating expenses paid (1,189,726) (1,108,092) Gain on foreign exchange transactions - net 26,164 20,334 Non-operating income received - net 13,852 20,720 Tax expense paid (151,820) (147,058) Operating cash flows before changes in operating assets and liabilities 1,168,574 1,151,235 Decrease (Increase) in operating assets Placement with Bank Indonesia and other banks 373,719 396,560 Securities (3,240,394) (3,637,127) Loans 64,675 2,380,459 Securities purchased with agreements to resell 1,035,632 (11,182,886) Finance lease receivables 354,410 (231,448) Consumer financing receivables (908,841) (357,896) Factoring receivables 46,163 9,909 Other assets (233,643) (81,781) Increase (Decrease) in operating liabilities Liabilities payable immediately 179,458 176,512 Deposits 1,651,535 3,142,731 Deposits from other banks 849,201 869,897 Acceptances payable (4,742) (806) Securities sold with agreements to repurchase (8,138,487) (479,196) Other liabilities (117,479) (13,778) Net cash Used in Operating Activities (6,920,219) (7,857,615) CASH FLOWS FROM INVESTING ACTIVITIES Increase in invesment in an associate - (5,250) Proceeds from sale of premises and equipment 1,335 623 Dividends received 13,667 34 Acquisition of premises and equipment (53,996) (10,276) Net cash Used in Investing Activities (38,994) (14,869) CASH FLOWS FROM FINANCING ACTIVITIES Issuance of bonds 3,900,000 - Bonds issuance cost (18,608) - Issuance of subsidiary’s securities 2,000,000 - Subsidiary’s securities issuance cost (6,801) - Redemption of subsidiary’ssecurities (700,000) (132,000) Treasury bond and subordinated bonds (84,000) (11,452) Additional subsidiary’s equity 286,875 27,158 Borrowings paid (79,005) (6,092) Issuance of subordinated bonds - 2,400,000 Subordinated bonds issuance cost - (11,614) Net cash Provided by Financing Activities 5,298,461 2,266,000 NET DECREASE IN CASH AND CASH EQUIVALENTS (1,660,752) (5,606,484) Effect of foreign exchange rate changes 100,986 49,739 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 17,779,811 25,150,092 CASH AND CASH EQUIVALENTS AT END OF PERIOD 16,220,045 19,593,347 Cash and cash equivalents consist of: Cash on hand 1,025,538 1,171,395 Demand deposits with Bank Indonesia 10,742,762 11,073,670 Demand deposits with other banks 785,169 989,804 Placements with Bank Indonesia and other banks 3,666,576 6,358,478 Total cash and cash equivalents 16,220,045 19,593,347 IMPAIRMENT LOSS ALLOWANCE AS OF MARCH 31, 2018 AND 2017 (In Millions Rupiah) No. DESCRIPTION MARCH 31, 2018 MARCH 31, 2017 Allowance for Impairment Required Allowance for Possible Losses on Earning Assets Allowance for Impairment Required Allowance for Possible Losses on Earning Assets Individual Collective General Specific Individual Collective General Specific 1. Interbank placement - - 30,728 - - - 50,725 - 2. Spot and derivatives claims - - 312 - - - 102 - 3. Securities 6,250 - 37,160 6,250 6,250 - 41,089 6,250 4. Securities sold under repurchase agreement (repo) - - - - - - - - 5. Claims on securities bought under reverse repo - - - - - - - - 6. Acceptances claims - - 20,456 - - - 21,158 - 7. Loans 793,187 2,193,245 1,125,940 2,995,925 902,671 2,159,136 1,127,888 1,676,863 8. Equity investment 625 - 14,851 625 625 - 14,906 625 9. Temporary equity investment - - - - - - - - 10. Other receivables - - 67 22 - - 63 - 11. Commitment and contingencies - - 15,783 7,627 - - 9,517 4,885 FOREIGN EXCHANGE AND DERIVATIVE TRANSACTION AS OF MARCH 31, 2018 (In Millions Rupiah) No. TRANSACTION INDIVIDUAL Notional Amount Type Derivatives Receivables and Payables Trading Hedging Receivables Payables A. Exchanged Rate Related 1. Spot 2,509,176 2,509,176 - 1,259 1,128 2. Forward 2,081,719 2,081,719 - 14,570 12,039 3. Option a. Written - - - - - b. Purchased - - - - - 4. Future - - - - - 5. Swap 4,189,684 4,189,684 - 15,357 23,177 6. Other - - - - - B. Interest Rate Related 1. Forward - - - - - 2. Option a. Written - - - - - b. Purchased - - - - - 3. Future - - - - - 4. Swap - - - - - 5. Other - - - - - C. Others - - - - - TOTAL 8,780,579 8,780,579 - 31,186 36,344 MARCH 31, 2018 MARCH 31, 2017 MARCH 31, 2018 MARCH 31, 2017 INDIVIDUAL CONSOLIDATED INDIVIDUAL CONSOLIDATED INDIVIDUAL CONSOLIDATED INDIVIDUAL CONSOLIDATED RISK WEIGHTED ASSETS KPMM Ratio CREDIT RISK - WEIGHTED ASSETS 136,129,107 148,757,985 133,467,609 146,667,224 CET1 RATIO (%) 19.44% 19.54% 19.15% 19.43% MARKET RISK - WEIGHTED ASSETS 1,373,798 1,428,125 829,490 773,263 Tier 1 Ratio (%) 19.44% 19.54% 19.15% 19.43% OPERATIONAL RISK - WEIGHTED ASSETS 15,293,025 17,537,088 14,175,563 16,234,750 Tier 2 Ratio (%) 2.91% 2.73% 1.88% 1.79% TOTAL RISK WEIGHTED ASSETS 152,795,930 167,723,198 148,472,662 163,675,237 KPMM Ratio (%) 22.35% 22.27% 21.03% 21.21% CAR BASED ON RISK PROFILE 8.00% 9.16% 9.25% 9.22% CET 1 for Buffer (%) 13.44% 13.11% 11.78% 11.99% CAPITAL ALLOCATION FOR CAR BASED ON RISK PROFILE PERCENTAGE OF BUFFER MANDATORY FILLED BY BANK (%) From CET 1 (%) 6.00% 6.43% 7.37% 7.43% Capital Conservation Buffer (%) 1.875% 1.875% 1.250% 1.250% From AT 1 (%) 0.00% 0.00% 0.00% 0.00% Countercyclical Buffer (%) 0.000% 0.000% 0.000% 0.000% From Tier 2 (%) 2.00% 2.73% 1.88% 1.79% Capital surcharge for D-SIB 0.750% 0.750% 0.500% 0.500% *) Capital Adequacy Ratio as at March 31, 2018 and 2017 has been calculated based on POJK No.34/POJK.03/2016 dated September 22, 2016 regarding Minimum Capital Adequacy Requirement for commercial Bank. STATEMENTS OF CALCULATION OF CAPITAL ADEQUACY RATIO COMMERCIAL BANK AS OF MARCH 31, 2018 AND 2017 (In Millions Rupiah) COMPONENTS OF CAPITAL MARCH 31, 2018 MARCH 31, 2017 INDIVIDUAL CONSOLIDATED INDIVIDUAL CONSOLIDATED I. Core Capital (Tier 1) 29,708,462 32,772,083 28,434,474 31,797,903 1 Core Capital/Common Equity Tier 1 (CET 1) 29,708,462 32,772,083 28,434,474 31,797,903 1.1 Paid-in Capital (net of Treasury Stock) 2,408,765 2,408,765 2,408,765 2,408,765 1.2 Capital Additional Reserves 29,091,735 30,827,842 27,824,304 29,716,290 1.2.1 Additional Tier 1 30,771,435 32,351,391 28,149,245 30,041,700 1.2.1.1 Other comprehensive income 6,875,631 6,932,099 6,935,823 6,983,006 1.2.1.1.1 Surplus of the financial statement translation - - - - 1.2.1.1.2 Potential benefits of the increase in the fair value of financial assets available for sale 110,444 111,503 166,999 166,898 1.2.1.1.3 Surplus of fixed assets revaluation 6,765,187 6,820,596 6,768,824 6,816,108 1.2.1.2 Other capital additional reserves (other disclosed reserves) 23,895,804 25,419,292 21,213,422 23,058,694 1.2.1.2.1 Agio 3,444,330 3,444,330 3,444,330 3,444,330 1.2.1.2.2 General reserves 17,109,472 17,446,439 14,875,601 15,155,238 1.2.1.2.3 Previous year profit 2,727,371 3,861,355 2,230,235 3,734,418 1.2.1.2.4 Current year profit 614,631 667,168 663,256 724,708 1.2.1.2.5 Funds for paid-in capital - - - - 1.2.1.2.6 Others - - - - 1.2.2 Deduction Tier 1 (1,679,700) (1,523,549) (324,941) (325,410) 1.2.2.1 Other comprehensive income - - - - 1.2.2.1.1 Defisit of the financial statement translation - - - - 1.2.2.1.2 Potential losses from the increase in the fair value of financial assets available for sale - - - - 1.2.2.2 Other capital additional reserves (other disclosed reserves) (1,679,700) (1,523,549) (324,941) (325,410) 1.2.2.2.1 Disagio - - - - 1.2.2.2.2 Previous year loss - - - - 1.2.2.2.3 Current year loss - - - - 1.2.2.2.4 Less difference between the allowance for assets and the allowance for impairment losses on productive assets (1,262,439) (1,105,194) - - 1.2.2.2.5 Less difference of fair value adjustment of financial instruments in the Trading Book - - - - 1.2.2.2.6 Required allowance for assets non productive (417,261) (418,355) (324,941) (325,410) 1.2.2.2.7 Others - - - - 1.3 Non Controlling Interest - 456,812 - 609,688 1.4 Deduction Core Capital (1,792,038) (921,336) (1,798,595) (936,840) 1.4.1 Deffered tax calculated (260,128) (274,654) (247,941) (256,317) 1.4.2 Goodwill - - - (9,918) 1.4.3 Other intangible assets (64,050) (115,904) (77,358) (94,184) 1.4.4 Investments in shares (1,467,860) (530,778) (1,473,296) (576,421) 1.4.5 Shortage of capital on insurance subsidiaries - - - - 1.4.6 Securitisation exposure - - - - 1.4.7 Other deduction core capital - - - - 1.4.7.1 Placement of funds in instrument AT 1 and/or Tier 2 to other bank - - - - 1.4.7.2 Cross-ownership in another entity acquired by the transition because of the law, grants, or grants will - - - - 2 Additional Core Capital/Additional Tier 1 (AT 1) - - - - 2.1 Instrument which comply with AT 1 - - - - 2.2 Agio/Disagio - - - - 2.3 Other deduction core capital - - - - 2.3.1 Placement of funds in instrument AT 1 and/or Tier 2 to other bank - - - - 2.3.2 Cross-ownership in another entity acquired by the transition because of the law, grants, or grants will - - - - II. Supplemental Capital (Tier 2) 4,445,297 4,587,139 2,793,448 2,921,610 1 Capital Instrument in the form of Stock or others which comply with Tier 2 3,200,000 3,200,000 1,528,000 1,528,000 2 Agio/Disagio - - - - 3 General provison on earning assets (maks. 1,25% ATMR Risiko kredit) 1,245,297 1,397,906 1,265,448 1,404,291 4 Deduction supplemental capital (Tier 2) - (10,767) - (10,681) 4.1 Sinking Fund - - - - 4.2 Placement of funds in instrument AT 1 and/or Tier 2 to other bank - (10,767) - (10,681) 4.3 Cross-ownership in another entity acquired by the transition because of the law, grants, or grants will - - - - Total Core Capital and Supplemental Capital 34,153,759 37,359,222 31,227,922 34,719,513 FINANCIAL RATIOS CALCULATION AS OF MARCH 31, 2018 AND 2017 (in %) 31 MAR 2018 31 MAR 2017 Performance Ratio Consolidated 1. Capital Adequacy Ratio (CAR) 22.27 21.21 2. Non performing earning assets and non earning assets to total earning assets and non earning assets 2.07 1.97 3. Non performing earning assets to non earning assets 2.24 2.12 4. Impairment provision on earning assets to total earning assets 1.98 1.83 5. Gross NPL 2.99 2.91 6. Net NPL 0.83 0.84 7. Return on Asset (ROA) 1.68 1.91 8. Return on Equity (ROE) 8.22 9.23 9. Net Interest Margin (NIM) 4.57 4.64 10. Operating Expense to Operating Revenue 81.57 79.70 11. Loan to Deposit Ratio (LDR) 95.80 90.73 12. Net Stable Funding Ratio (NSFR) 144.73 - Individual 1. Capital Adequacy Ratio (CAR) 22.35 21.03 2. Non performing earning assets and non earning assets to total earning assets and non earning assets 1.80 1.93 3. Non performing earning assets to non earning assets 1.92 2.07 4. Impairment provision on earning assets to total earning assets 1.69 1.80 5. Gross NPL 2.65 2.94 6. Net NPL 0.69 0.73 7. Return on Asset (ROA) 1.65 1.88 8. Return on Equity (ROE) 8.30 9.41 9. Net Interest Margin (NIM) 4.35 4.47 10. Operating Expense to Operating Revenue 80.24 79.41 11. Loan to Deposit Ratio (LDR) 90.25 86.58 12. Net Stable Funding Ratio (NSFR) 151.81 - Compliance 1. a. Percentage violation of Legal Lending Limit i. Related parties - - ii. Non related parties - - b. Percentage of excess of violation of the Legal Lending Limit i. Related parties - - ii. Non related parties - - 2. Reserve Requirement a. Primary reserve requirement (Rupiah) 6.51 6.52 b. Reserve requirement (Foreign currency) 8.07 8.08 3. Net Open Position 1.67 0.80 BANK'S MANAGEMENT BOARD OF COMMISSIONERS - President Commissioner : Drs. Johnny - Vice President Commissioner - Independent Commissioner : Lintang Nugroho - Vice President Commissioner : Chandra Rahardja Gunawan 3) - Independent Commissioner : Drs. H. Bambang Winarno - Independent Commissioner : Drs. H. Riyanto - Commissioner : Lianna Loren Limanto DIRECTORS - President Director : Herwidayatmo - Vice President Director : Roosniati Salihin - Vice President Director : Hendrawan Danusaputra - Director : Lionto Gunawan - Director : Gunawan Santoso - Director : Ng Kean Yik - Director : Edy Heryanto - Director : Januar Hardi - Compliance and Risk Management Director : Antonius Ketut Dwirianto - Director : Suwito Tjokrorahardjo - Director : H. Ahmad Hidayat SHAREHOLDERS I. Ultimate Shareholder: 4) Through : PT Panin Financial Tbk. *) : 46.04% II. Non Ultimate Sharehoder through Capital Market (≥ 5%) - Votraint No. 1103 Pty Limited : 38.82% III. Non Ultimate Shareholder through non Capital Market (≥ 5%) : nill IV. Public (< 5% each) : 15.14% CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE THREE MONTHS PERIOD ENDED MARCH 31, 2018 AND 2017 (In Millions Rupiah) Capital Stock Additional paid in capital Difference in value of equity transaction with non controlling interest Other Comprehensive Income Retained Earnings Equity attributable to owners of the parent entity Non Controlling Interest Total Equity Revaluation of premises and equipment Actuarial gain (loss) Changes in fair value of AFS securities Shares of other comprehensive income of associate Appropriated Unappropriated Balance as of January 1, 2017 2,408,765 3,444,330 (51,315) 6,840,216 (136,292) 77,608 2,117 140,000 18,889,464 31,614,893 2,585,907 34,200,800 Transfer of surplus revaluation of premises and equipment to retained earning arising from sale of revalued premises and equipment - - - (192) - - - - 192 - - - Net income for the period - - - - - - - - 724,708 724,708 35,697 760,405 Other comprehensive income-after tax - - - (23,916) - 47,515 (153) - - 23,446 (395) 23,051 Additional paid-in capital of subsidiaries - - - - - - - - - - 30,342 30,342 Balance as of March 31, 2017 2,408,765 3,444,330 (51,315) 6,816,108 (136,292) 125,123 1,964 140,000 19,614,364 32,363,047 2,651,551 35,014,598 Difference in value of equity transaction with non-controlling interest - - 22,746 - - - - - - 22,746 25,716 48,462 Transfer of surplus revaluation of premises and equipment to retained earning arising from sale of revalued premises and equipment - - - (5,402) - - - - 5,402 - - - Net income for the period - - - - - - - - 1,687,750 1,687,750 (439,718) 1,248,032 Other comprehensive income-after tax - - - 10,166 (69,830) (31,200) (781) - - (91,645) 10,460 (81,185) Additional paid-in capital of subsidiaries - - - - - - - - - - 58,824 58,824 Balance as of December 31, 2017 2,408,765 3,444,330 (28,569) 6,820,872 (206,122) 93,923 1,183 140,000 21,307,516 33,981,898 2,306,833 36,288,731 Transfer of surplus revaluation of premises and equipment to retained earning arising from sale of revalued premises and equipment - - - (276) - - - - 276 - - - Net income for the period - - - - - - - - 667,168 667,168 39,504 706,672 Other comprehensive income-after tax - - - - - (10,298) (5) - - (10,303) 80 (10,223) Additional paid-in capital of subsidiaries - - - - - - - - - - 306,925 306,925 Balance as of March 31, 2018 2,408,765 3,444,330 (28,569) 6,820,596 (206,122) 83,625 1,178 140,000 21,974,960 34,638,763 2,653,342 37,292,105
Transcript of PT Bank Panin, Tbk. & Subsidiaries PT Bank Panin, Tbk ... · PT Bank Panin, Tbk. & Subsidiaries...
STATEMENTS OF EARNING ASSET QUALITY AND OTHER INFORMATIONAS OF MARCH 31, 2018 AND 2017
(In Millions Rupiah)
No. DESCRIPTIONINDIVIDUAL
MARCH 31, 2018 MARCH 31, 2017C SM S D L Total C SM S D L Total
I. RELATED PARTIES 1. Interbank placement a. Rupiah - - - - - - - - - - - - b. Foreign currency 93,432 - - - - 93,432 82,789 - - - - 82,789 2. Spot and derivatives claims a. Rupiah - - - - - - - - - - - - b. Foreign currency - - - - - - - - - - - - 3. Securities a. Rupiah 148,114 - - - - 148,114 9,261 - - - - 9,261 b. Foreign currency - - - - - - - - - - - - 4. Securities sold under repurchase agreement (repo) a. Rupiah - - - - - - - - - - - - b. Foreign currency - - - - - - - - - - - - 5. Claims on securities bought under reverse repo a. Rupiah - - - - - - - - - - - - b. Foreign currency - - - - - - - - - - - - 6. Acceptance claims 4,172 - - - - 4,172 1,640 - - - - 1,640 7. Loans a. Micro, small and medium enterprises (UMKM) i. Rupiah 169,596 - - - 289 169,885 9,772 - - - - 9,772 ii. Foreign currency - - - - - - - - - - - - b. Non micro, small and medium enterprises (UMKM) i. Rupiah 2,243,766 21,957 - - - 2,265,723 1,567,496 - - - - 1,567,496 ii. Foreign currency - - - - - - - - - - - - c. Restructured loans i. Rupiah 214,490 - - - - 214,490 206,453 - - - - 206,453 ii. Foreign currency - - - - - - - - - - - - d. Loans on property 482,387 21,957 - - - 504,344 454,836 - - - - 454,836 8. Equity investment 1,484,360 - - - - 1,484,360 1,489,796 - - - - 1,489,796 9. Temporary equity investment - - - - - - - - - - - -
10. Other receivables - - - - - - - - - - - - 11. Commitments and contingencies a. Rupiah 410,904 - - - - 410,904 349,500 - - - - 349,500 b. Foreign currency 3,019 - - - - 3,019 674 - - - - 674
12. Foreclosed assets - - - - - - - - - - - - II. NON-RELATED PARTIES 1. Interbank placement a. Rupiah 177,958 - - - - 177,958 1,329,408 - - - - 1,329,408 b. Foreign currency 2,801,376 - - - - 2,801,376 3,660,267 - - - - 3,660,267 2. Spot and derivatives claims a. Rupiah 30,199 - - - - 30,199 8,994 - - - - 8,994 b. Foreign currency 987 - - - - 987 1,161 - - - - 1,161 3. Securities a. Rupiah 31,734,520 - - - 6,250 31,740,770 20,300,272 - - - 6,250 20,306,522 b. Foreign currency 2,835,741 - - - - 2,835,741 2,534,293 - - - - 2,534,293 4. Securities sold under repurchase agreement (repo) a. Rupiah - - - - - - 1,152,529 - - - - 1,152,529 b. Foreign currency - - - - - - - - - - - - 5. Claims on securities bought under reverse repo (Reverse Repo) a. Rupiah 6,897,914 - - - - 6,897,914 15,370,322 - - - - 15,370,322 b. Foreign currency - - - - - - - - - - - - 6. Acceptance claims 2,529,836 - - - - 2,529,836 2,473,129 - - - - 2,473,129 7. Loans a. Micro, small and medium enterprises (UMKM) i. Rupiah 29,514,946 1,576,869 103,212 202,764 941,580 32,339,371 30,896,293 1,432,672 138,336 190,108 951,341 33,608,750 ii. Foreign currency 67,978 122 - - - 68,100 58,214 13,333 - - - 71,547 b. Non micro, small and medium enterprises (UMKM) i. Rupiah 75,462,767 2,773,050 249,576 189,218 1,701,194 80,375,805 69,180,512 2,378,958 302,235 360,820 1,578,367 73,800,892 ii. Foreign currency 12,624,457 - - - - 12,624,457 10,665,648 - - - 3,978 10,669,626 c. Restructured loans i. Rupiah 4,506,060 982,718 189,292 132,280 556,587 6,366,937 3,752,109 869,260 44,369 239,655 261,527 5,166,920 ii. Foreign currency 666,850 - - - - 666,850 743,582 - - - - 743,582 d. Loans on property 31,983,107 1,869,426 61,440 158,037 747,214 34,819,224 29,072,719 1,225,975 152,724 193,630 913,895 31,558,943 8. Equity investment 790 - - - 625 1,415 790 - - - 625 1,415 9. Temporary equity investment - - - - - - - - - - - -
10. Other receivables 6,735 433 - - - 7,168 6,279 - - - - 6,279 11. Commitments and contingencies a. Rupiah 35,211,229 37,511 3,650 9,983 72 35,262,445 33,155,015 64,549 1,631 2,325 92 33,223,612 b. Foreign currency 9,273,011 2,808 - - - 9,275,819 10,176,171 3,169 - - - 10,179,340
12. Foreclosed assets 24,839 - 24,840 288,173 98,685 436,537 4,728 - 299,850 25,169 91,997 421,744
III. OTHER INFORMATIONS 1. Assets pledged as collateral : a. To Bank Indonesia - - b. To Other parties - - 2. Impairment provision on earning assets 2,993,307 3,068,682 3. Required regulatory provision on earning assets 4,255,746 2,954,071 4. Percentage of UMKM to total loans 25.48% 28.14%5. Percentage of to micro and small enterprises (UMK) to total loans 2.70% 3.13%6. Percentage of UMKM debtor to total debtor 11.30% 15.87%7. Percentage of micro and small enterprises (UMK) debtor to total debtor 4.17% 5.06%8. Others a. Chanelling - - b. Mudharabah Muqayyadah - - c. Writen off earning assets 4,188,180 3,276,936 d. Written off earning assets that has been re-collected 1,588,681 1,471,865 e. Charged off earning assets 801,037 725,977
Laporan Keuangan KonsolidasianPT Bank Panin, Tbk. & Entitas Anak
CALL PANIN
=500 678 ( PSTN )=60 678 ( PONSEL )=+6221 - 251 5555 ( Idd )
www.panin .co. idCONSOLIDATED FINANCIAL STATEMENTSPT Bank Panin, Tbk. & Subsidiaries
Notes:1. Thisconsolidatedfinancial statementhavebeenprepared inaccordancewith theFinancialServicesAuthorityRegulationNo.32/POJK.03/2016datedAugust8,
2016concerningamendmentstotherequirementsofFinancialServicesAuthorityRegulationNo.6/POJK.03/2015regarding“TransparencyandPublicationofBank’sReport”andcopyoftheOJK’sCircularLetterNo.43/SEOJK.03/2016datedSeptember28,2016regarding“TransparencyandPublicationofConvensionalCommercialBank’sReport”,andalsotocomplywithBapepam-LKRegulationNo.VIII.G.7includedintheAppendixoftheDecreeoftheChairmanofBapepam-LK(currentlyOJK)No.KEP-347/BL/2012datedJune25,2012regarding“PresentationandDisclosureofIssuerorPublicCompanies’FinancialStatements”relatedtothepresentationofconsolidatedfinancialstatementabove.
2. TheabovefinancialinformationasofDecember31,2017wasderivedfromtheconsolidatedfinancialstatementswhichhavebeenauditedbyPublicAccountingFirmSatrioBingEny&Rekan,memberofDeloitteToucheTohmatsuLimited,(Partnerincharge:BingHarianto)whichexpressedanunmodifiedopinion.
3. TobeeffectiveaftertheapprovalfromtheOtoritasJasaKeuangan(OJK).4. TheultimateshareholdersofPTPaninFinancialTbkareGunadiGunawan,Mu’minAliGunawan,MuljadiKoesumoandTidjanAnanto.5. TheexchangeratesareasofMarch31,2018USD1=Rp13,767.50;December31,2017USD1=Rp13,567.50andasofMarch31,2017USD1=Rp13,325.50.
Jakarta,April23,2018PT BANK PANIN Tbk.
HerwidayatmoPresident Director
Hendrawan DanusaputraVice President Director
STATEMENTS OF FINANCIAL POSITIONAS OF MARCH 31, 2018 AND DECEMBER 31, 2017
(In Millions Rupiah)
No. DESCRIPTION INDIVIDUAL CONSOLIDATED31 MAR 2018 31 DEC 2017 31 MAR 2018 31 DEC 2017
ASSETS1. Cash 1,002,911 1,141,305 1,025,538 1,169,008 2. Placement to Bank Indonesia 10,386,965 10,465,172 12,233,562 11,497,447 3. Interbank placement 3,072,766 5,394,218 3,098,621 5,449,749 4. Spot and derivatives claims 31,186 8,184 31,186 8,184 5. Securities a. Measuredatfairvaluethroughprofitandloss 1.935.622 1.622.236 1.936.389 1,619,189
b. Available for sale 2.567.286 2.352.349 2.473.945 2.397.143c. Heldtomaturity 30.221.717 18.533.684 30.870.276 19.639.296d. Loans and receivables - - - -
6. Securites sold under repurchase agreement (repo) - 8,691,894 - 8,691,894 7. Claims on securites bought under reverse repo
(reverse repo) 6,897,914 7,933,546 6,897,914 7,933,546 8. Acceptance claims 2,534,008 2,271,855 2,534,008 2,271,855 9. Loans
a. Measuredatfairvaluethroughprofitandloss - - - - b. Available for sale - - - - c. Heldtomaturity - - - - d. Loans and receivables 127,843,341 127,274,920 141,148,350 140,424,860
10. Shariafinancing - - - - 11. Equity investment 1,485,775 1,512,032 593,175 585,820 12. Goodwill - - - -13. Impairmentonfinancialassets-/-
a. Securities (6,250) (6,250) (6,250) (6,250)b. Loans (2,986,432) (2,742,968) (3,750,287) (3,493,019)c. Others (625) (625) (79,776) (69,159)
14. Intangible Assets 278,892 275,558 341,057 337,266 Accumulatedamortisationonintangibleassets-/- (214,842) (211,845) (225,153) (220,683)
15. Fixedassetsandequipment 9,876,634 9,837,247 10,242,229 10,191,623 Accumulateddepreciationonfixedassetsandequipments-/- (506,008) (447,753) (568,138) (503,307)
16. Non productive assetsa. Abandoned properties 183,382 184,469 183,382 184,469 b. Foreclosed assets 436,537 435,963 731,446 442,135 c. Suspense accounts - - - - d. Interbranch assets *
i. Conducting operational activities in Indonesia 142 - 142 - ii. Conducting operational activities outside Indonesia - - - -
17. ImpairmentonNonFinancialAssets-/- - - - - 18. Leasing - - 2,530,703 2,897,430 19. Deferredtaxassets 328,372 324,997 348,976 343,390 20. Other assets 2,553,881 1,780,094 1,950,330 1,749,911
TOTAL ASSETS 197,923,174 196,630,282 214,541,625 213,541,797
LIABILITIES AND EQUITIESLIABILITIES
1. Current account 11,161,353 9,470,116 10,572,744 9,730,637 2. Saving account 39,742,706 40,747,178 40,381,589 41,324,982 3. Time deposit 90,724,048 87,967,626 96,368,363 94,615,477 4. Revenue sharing investment - - - - 5. Liabilities to Bank Indonesia - - - - 6. Interbank liabilities 4,244,714 3,304,812 4,480,756 3,631,554 7. Spot and derivatives liabilities 36,343 9,426 36,343 9,426 8. Liabilities on securites sold under repurchase
agreement (repo) - 8,138,487 - 8,138,487 9. Acceptance Liabilities 2,534,008 2,276,597 2,534,008 2,276,597
10. Issued securities 7,996,811 4,114,519 9,940,959 4,848,812 11. Loans received 4,925,770 4,918,221 8,883,706 8,961,801 12. Margin deposit 240,549 208,729 257,569 225,802 13. Interbranch liabilities *
a. Conducting operational activities in Indonesia - - - - b. Conducting operational activities outside Indonesia - - - -
14. Deferredtaxliabilities - - - - 15. Other liabilities 3,229,016 2,991,299 3,793,483 3,489,491 16. Profitsharinginvestment - - - -
TOTAL LIABILITIES 164,835,318 164,147,010 177,249,520 177,253,066
EQUITIES17. Paid in capital
a. Capital 9,600,000 9,600,000 9,600,000 9,600,000 b.Unpaidcapital-/- (7,191,235) (7,191,235) (7,191,235) (7,191,235)c.Treasurystock-/- - - - -
18. Additional paid in capitala. Agio 3,444,330 3,444,330 3,444,330 3,444,330 b.Disagio-/- - - - - c.Donatedcapital - - - - d. Fund for paid-up capital - - - - e. Other - - (28,569) (28,569)
19. Other comprehensive gain (loss)a. Translationadjustmentfromforeigncurrency - - - - b. Gain(loss)onvaluechangesoffinancialassets
categorized as available for sale 110,444 123,840 111,503 125,235 c. Effectiveportionofcashflowhedge - - - - d. Differenceinfixedassetrevaluation 6,765,187 6,765,259 6,820,596 6,820,872 e. Portion of other comprehensive income from
associates - - 1,178 1,183 f. Gain(loss)ondefinedbenefitactuarialprogram (272,977) (272,977) (274,831) (274,831)g. Incometaxofothercomprehensiveincome 40,633 37,284 40,829 37,397 h. Others - - - -
20. Differenceinquasi-reorganization - - - - 21. Differenceinrestructuringundercommoncontrol - - - - 22. Other Equity - - - - 23. Reserves
a. Generalreserves 17,109,472 17,109,400 17,446,439 17,446,369 b. Appropriated reserves 140,000 140,000 140,000 140,000
24. Gain/lossa. Previous years 2,727,371 - 3,861,355 1,448,689 b. Current year 614,631 2,727,371 667,168 2,412,458 TOTAL EQUITIES ATTRIBUTABLE TO OWNERS 33,087,856 32,483,272 34.638.763 33,981,898
25. Non controlling interest - - 2.653.342 2,306,833 TOTAL EQUITIES 33,087,856 32,483,272 37,292,105 36,288,731
TOTAL LIABILITIES AND EQUITIES 197,923,174 196,630,282 214,541,625 213,541,797 *stated at net carrying value
STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE THREE MONTHS PERIOD ENDED MARCH 31, 2018 AND 2017
(In Millions Rupiah)
No. DESCRIPTION INDIVIDUAL CONSOLIDATED 31 MAR 2018 31 MAR 2017 31 MAR 2018 31 MAR 2017
OPERATIONAL INCOME AND EXPENSES A. Interest income and expenses
1. Interest incomea. Rupiah 3,586,767 3,667,721 4,124,627 4,136,782 b. Foreign currency 160,477 143,175 160,590 144,706
2. Interest expensesa. Rupiah 1,851,355 1,958,189 2,092,956 2,180,476 b. Foreign currency 18,994 18,920 18,994 18,920 Net interest income (expenses) 1,876,895 1,833,787 2,173,267 2,082,092
B. Operational Income and Expenses Other than Interest 1. Operational Income Other than Interest 304,118 442,677 694,260 553,407
a.Positivemarktomarketonfinancialassets i. Securities 4,861 26,064 4,861 26,064 ii. Loans - - - - iii. Spot and derivatives 1,422 5,384 1,422 5,384 iv.Otherfinancialassets - - - - b.Negativemarktomarketonfinancialliabilities - - - - c.Gainonsaleoffinancialassets i. Securities 35,947 34,265 35,947 34,265 ii. Loans - - - - iii.Otherfinancialassets - - - - d.Gainonspotandderivatives(realised) 12,081 11,099 12,081 11,099 e.Dividend 13,667 34 13,667 34 f.Gainoninvestmentunderequitymethod - - 13,569 24,388 g.Commission/provision/feeandadministration 129,220 118,184 182,533 161,555 h. Recovery of asset impairment 12,096 35,000 312,079 46,063 i. Other income 94,824 212,647 118,101 244,555
2. Operational Expenses Other than Interest 1,380,355 1,400,865 1,949,738 1,653,793 a.Negativemarktomarketonfinancialassets i. Securities 46,687 2,922 46,873 2,947 ii. Loans - - - - iii. Spot and derivatives 5,338 947 5,338 947 iv.Otherfinancialassets - - - - b.Positivemarktomarketonfinancialliabilities - - - - c.Lossonsaleoffinancialassets i. Securities 298 - 298 67 ii. Loans - - - - iii.Otherfinancialassets - - - - d. Loss on spot and derivatives (realised) - 1,956 - 1,956 e.Impairmentoffinancialassets i. Securities - - - - ii. Loans 295,397 408,914 658,275 487,901 iii.Shariafinancing - - - - iv.Otherfinancialassets - - 24,043 17,817 f. Losses on operational risk 114 85 114 85 g. Losses on investment under equity method - - - - h.Commission/provision/feeandadministration 4,132 2,203 4,132 2,203 i.Impairmentofotherassets(nonfinancialassets) 50 - 481 185 j.Personnelexpenses 407,726 397,199 510,655 472,370 k.Promotionexpenses 7,465 11,559 12,715 15,824 l.Otherexpenses 613,148 575,080 686,814 651,491 Net Operational Income (Expenses) Other than Interest (1,076,237) (958,188) (1,255,478) (1,100,386)OPERATIONAL PROFIT (LOSS) 800,658 875,599 917,789 981,706
NON OPERATIONAL INCOME (EXPENSES) 1. Gain(loss)onsaleoffixedassetsandequipment 119 1 266 15 2. Gain(loss)onforeignexchangetranslation 2,557 656 3,356 118 3. Othernonoperationalincome(expenses) 10,133 8,988 13,515 23,923
NON OPERATIONAL PROFIT (LOSS) 12,809 9,645 17,137 24,056 CURRENT YEAR PROFIT (LOSS) BEFORE TAX 813,467 885,244 934,926 1,005,762 Incometaxesa.Estimatedcurrentyeartax (198,862) (204,410) (230,526) (228,694)b.Deferredtaxincome(expenses) 26 (17,578) 2,272 (16,663)NET PROFIT (LOSS) 614,631 663,256 706,672 760,405 OTHER COMPREHENSIVE INCOME1.Itemsthatwillnotbereclassifiedtoprofitorloss
a. Gainonfixedassetrevaluation - (23,963) - (24,148)b. Gain(loss)ondefinedbenefitactuarialprogram - - - - c. Portion of other comprehensive income from
associates - - (10) (357)d. Others - - - - e. Incometaxrelatingtoitemsthatwillnotbe
reclassifiedtoprofitorloss - - - - 2.Itemsthatwillbereclassifiedtoprofitorloss
a.Translationadjustmentfromforeigncurrency - - - - b.Gain(loss)onvaluechangesoffinancialassets
categorized as available for sale (13,396) 63,495 (13,618) 63,407 c.Effectiveportionfromcashflowhedge - - - - d. Others - - - - e.Incometaxrelatingtoitemsthatwillbereclassified
toprofitorloss 3,349 (15,874) 3,405 (15,851)OTHER COMPREHENSIVE INCOME OF THE CURRENTYEAR - NET OF APPLICABLE INCOME TAX (10,047) 23,658 (10,223) 23,051 CURRENT YEAR TOTAL COMPREHENSIVE INCOME 604,584 686,914 696,449 783,456 Profit attributable to:
EQUITYHOLDERSOFTHEPARENTENTITY 614,631 663,256 667,168 724,708 NONCONTROLLINGINTEREST 39,504 35,697
CURRENT YEAR TOTAL PROFIT 614,631 663,256 706,672 760,405
Total Comprehensive Profit (Loss) Attributable to:EQUITYHOLDERSOFTHEPARENTENTITY 604,584 686,914 656,865 748,154 NONCONTROLLINGINTEREST - - 39,584 35,302
TOTAL COMPREHENSIVE PROFIT (LOSS) FOR THE YEAR 604,584 686,914 696,449 783,456
TRANSFER OF PROFIT (LOSS) TO HEAD OFFICE - - - - DIVIDEND - - - - NET EARNINGS (LOSS) PER SHARE 25.52 27.54 27.70 30.09
STATEMENTS OF COMMITMENTS AND CONTINGENCIESAS OF MARCH 31, 2018 AND DECEMBER 31, 2017
(In Millions Rupiah)
No. DESCRIPTION INDIVIDUAL CONSOLIDATED31 MAR 2018 31 DEC 2017 31 MAR 2018 31 DEC 2017
I. COMMITTED CLAIMS1.Unusedborrowing a. Rupiah - - - - b. Foreign currency - - - - 2. Outstanding spot and derivatives (purchased) 7,801,082 7,125,370 7,801,082 7,125,370 3. Others - - - -
II. COMMITTED LIABILITIES1. Undisbursed loan facilities to debtors a. BUMN i. Committed - Rupiah 2,358,896 2,192,999 2,358,896 2,192,999 - Foreign currency 1 1 1 1 ii. Uncommitted - Rupiah 220,001 300,001 220,001 300,001 - Foreign currency 2,753,499 4,070,250 2,753,499 4,070,250 b. Others i. Committed 28,779,934 27,334,710 28,672,561 27,124,710 ii. Uncommitted 8,616,584 7,685,886 9,106,866 7,941,487 2. Undisbursed loan facilities to other banks a. Committed i. Rupiah 35,352 44,568 35,352 44,568 ii. Foreign currency - - - - b. Uncommitted i. Rupiah - - 93,604 90,158 ii. Foreign currency - - - - 3.OutstandingirrevocableL/C
a.ForeignL/C 696,187 923,378 696,187 923,378 b.LocalL/C 634,150 576,370 634,150 576,370
4. Outstanding spot and derivatives (sold) 7,803,866 7,124,673 7,803,866 7,124,673 5. Others - - - -
III. CONTINGENT CLAIMS1. Received guarantees a. Rupiah - - - - b. Foreign currency - - - - 2. Accrued interest a. Loan Interest 685,555 581,761 685,555 582,099 b. Other interest - - - - 3. Others - 1,247 - 1,247
IV. CONTINGENT LIABILITIES1. Issued guarantees a. Rupiah 793,487 685,412 826,645 718,570 b. Foreign currency 64,096 72,361 64,096 72,361 2. Others 452,266 409,480 452,266 409,480
STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS PERIOD ENDED MARCH 31, 2018 AND 2017
(In Millions Rupiah)
DESCRIPTION CONSOLIDATED31 MAR 2018 31 MAR 2017
CASH FLOWS FROM OPERATING ACTIVITIESInterest, loan commissions and fees received 4,272,733 4,239,420 Interest, prizes, fund commissions and fees paid (2,023,369) (2,153,959)Other operating revenues received 220,740 279,870 Otheroperatingexpensespaid (1,189,726) (1,108,092)Gainonforeignexchangetransactions-net 26,164 20,334 Non-operating income received - net 13,852 20,720 Taxexpensepaid (151,820) (147,058)Operatingcashflowsbeforechangesinoperatingassetsandliabilities 1,168,574 1,151,235
Decrease(Increase)inoperatingassetsPlacementwithBankIndonesiaandotherbanks 373,719 396,560 Securities (3,240,394) (3,637,127)Loans 64,675 2,380,459 Securitiespurchasedwithagreementstoresell 1,035,632 (11,182,886)Finance lease receivables 354,410 (231,448)Consumerfinancingreceivables (908,841) (357,896)Factoring receivables 46,163 9,909 Other assets (233,643) (81,781)
Increase(Decrease)inoperatingliabilitiesLiabilities payable immediately 179,458 176,512 Deposits 1,651,535 3,142,731 Depositsfromotherbanks 849,201 869,897 Acceptances payable (4,742) (806)Securitiessoldwithagreementstorepurchase (8,138,487) (479,196)Other liabilities (117,479) (13,778)
Net cash Used in Operating Activities (6,920,219) (7,857,615)
CASH FLOWS FROM INVESTING ACTIVITIESIncrease in invesment in an associate - (5,250)Proceeds from sale of premises and equipment 1,335 623 Dividendsreceived 13,667 34 Acquisition of premises and equipment (53,996) (10,276)Net cash Used in Investing Activities (38,994) (14,869)
CASH FLOWS FROM FINANCING ACTIVITIESIssuance of bonds 3,900,000 - Bonds issuance cost (18,608) - Issuanceofsubsidiary’ssecurities 2,000,000 - Subsidiary’ssecuritiesissuancecost (6,801) - Redemptionofsubsidiary’ssecurities (700,000) (132,000)Treasury bond and subordinated bonds (84,000) (11,452)Additionalsubsidiary’sequity 286,875 27,158 Borrowingspaid (79,005) (6,092)Issuance of subordinated bonds - 2,400,000 Subordinated bonds issuance cost - (11,614)Net cash Provided by Financing Activities 5,298,461 2,266,000
NETDECREASEINCASHANDCASHEQUIVALENTS (1,660,752) (5,606,484)
Effectofforeignexchangeratechanges 100,986 49,739 CASHANDCASHEQUIVALENTSATBEGINNINGOFPERIOD 17,779,811 25,150,092 CASH AND CASH EQUIVALENTS AT END OF PERIOD 16,220,045 19,593,347
Cash and cash equivalents consist of:Cash on hand 1,025,538 1,171,395 DemanddepositswithBankIndonesia 10,742,762 11,073,670 Demanddepositswithotherbanks 785,169 989,804 PlacementswithBankIndonesiaandotherbanks 3,666,576 6,358,478
Total cash and cash equivalents 16,220,045 19,593,347
IMPAIRMENT LOSS ALLOWANCEAS OF MARCH 31, 2018 AND 2017
(In Millions Rupiah)
No. DESCRIPTION
MARCH 31, 2018 MARCH 31, 2017
Allowance for ImpairmentRequired Allowance for
Possible Losses on Earning Assets
Allowance for ImpairmentRequired Allowance for
Possible Losses on Earning Assets
Individual Collective General Specific Individual Collective General Specific1. Interbank placement - - 30,728 - - - 50,725 - 2. Spot and derivatives claims - - 312 - - - 102 - 3. Securities 6,250 - 37,160 6,250 6,250 - 41,089 6,250 4. Securities sold under repurchase agreement (repo) - - - - - - - - 5. Claims on securities bought under reverse repo - - - - - - - - 6. Acceptances claims - - 20,456 - - - 21,158 - 7. Loans 793,187 2,193,245 1,125,940 2,995,925 902,671 2,159,136 1,127,888 1,676,863 8. Equity investment 625 - 14,851 625 625 - 14,906 625 9. Temporary equity investment - - - - - - - -
10. Other receivables - - 67 22 - - 63 - 11. Commitment and contingencies - - 15,783 7,627 - - 9,517 4,885
FOREIGN EXCHANGE AND DERIVATIVE TRANSACTIONAS OF MARCH 31, 2018
(In Millions Rupiah)
No. TRANSACTION
INDIVIDUAL
NotionalAmount
Type Derivatives Receivables and Payables
Trading Hedging Receivables PayablesA. Exchanged Rate Related1. Spot 2,509,176 2,509,176 - 1,259 1,128 2. Forward 2,081,719 2,081,719 - 14,570 12,039 3. Option
a. Written - - - - - b. Purchased - - - - -
4. Future - - - - - 5. Swap 4,189,684 4,189,684 - 15,357 23,177 6. Other - - - - - B. Interest Rate Related1. Forward - - - - - 2. Option
a. Written - - - - - b. Purchased - - - - -
3. Future - - - - - 4. Swap - - - - - 5. Other - - - - - C. Others - - - - -
TOTAL 8,780,579 8,780,579 - 31,186 36,344
MARCH 31, 2018 MARCH 31, 2017 MARCH 31, 2018 MARCH 31, 2017INDIVIDUAL CONSOLIDATED INDIVIDUAL CONSOLIDATED INDIVIDUAL CONSOLIDATED INDIVIDUAL CONSOLIDATED
RISK WEIGHTED ASSETS KPMM RatioCREDIT RISK - WEIGHTED ASSETS 136,129,107 148,757,985 133,467,609 146,667,224 CET1 RATIO (%) 19.44% 19.54% 19.15% 19.43%MARKET RISK - WEIGHTED ASSETS 1,373,798 1,428,125 829,490 773,263 Tier 1 Ratio (%) 19.44% 19.54% 19.15% 19.43%
OPERATIONAL RISK - WEIGHTED ASSETS 15,293,025 17,537,088 14,175,563 16,234,750 Tier 2 Ratio (%) 2.91% 2.73% 1.88% 1.79%TOTAL RISK WEIGHTED ASSETS 152,795,930 167,723,198 148,472,662 163,675,237 KPMM Ratio (%) 22.35% 22.27% 21.03% 21.21%CAR BASED ON RISK PROFILE 8.00% 9.16% 9.25% 9.22% CET 1 for Buffer (%) 13.44% 13.11% 11.78% 11.99%
CAPITAL ALLOCATION FOR CAR BASED ON RISK PROFILE PERCENTAGE OF BUFFER MANDATORY FILLED BY BANK (%)
From CET 1 (%) 6.00% 6.43% 7.37% 7.43%Capital Conservation Buffer (%)
1.875% 1.875% 1.250% 1.250%
From AT 1 (%) 0.00% 0.00% 0.00% 0.00% Countercyclical Buffer (%) 0.000% 0.000% 0.000% 0.000%
From Tier 2 (%) 2.00% 2.73% 1.88% 1.79% Capital surcharge for D-SIB 0.750% 0.750% 0.500% 0.500%
*) CapitalAdequacyRatioasatMarch31,2018and2017hasbeencalculatedbasedonPOJKNo.34/POJK.03/2016datedSeptember22,2016regardingMinimumCapitalAdequacyRequirementforcommercialBank.
STATEMENTS OF CALCULATION OF CAPITAL ADEQUACY RATIO COMMERCIAL BANKAS OF MARCH 31, 2018 AND 2017
(In Millions Rupiah)
COMPONENTS OF CAPITAL MARCH 31, 2018 MARCH 31, 2017INDIVIDUAL CONSOLIDATED INDIVIDUAL CONSOLIDATED
I. Core Capital (Tier 1) 29,708,462 32,772,083 28,434,474 31,797,9031 Core Capital/Common Equity Tier 1 (CET 1) 29,708,462 32,772,083 28,434,474 31,797,903
1.1 Paid-in Capital (net of Treasury Stock) 2,408,765 2,408,765 2,408,765 2,408,765 1.2 Capital Additional Reserves 29,091,735 30,827,842 27,824,304 29,716,290
1.2.1 Additional Tier 1 30,771,435 32,351,391 28,149,245 30,041,700 1.2.1.1 Other comprehensive income 6,875,631 6,932,099 6,935,823 6,983,006
1.2.1.1.1 Surplusofthefinancialstatementtranslation - - - -
1.2.1.1.2 Potentialbenefitsoftheincreaseinthefairvalueoffinancialassetsavailable for sale 110,444 111,503 166,999 166,898
1.2.1.1.3 Surplusoffixedassetsrevaluation 6,765,187 6,820,596 6,768,824 6,816,108 1.2.1.2 Other capital additional reserves (other disclosed
reserves) 23,895,804 25,419,292 21,213,422 23,058,694 1.2.1.2.1 Agio 3,444,330 3,444,330 3,444,330 3,444,330 1.2.1.2.2 Generalreserves 17,109,472 17,446,439 14,875,601 15,155,238 1.2.1.2.3 Previousyearprofit 2,727,371 3,861,355 2,230,235 3,734,418 1.2.1.2.4 Currentyearprofit 614,631 667,168 663,256 724,708 1.2.1.2.5 Funds for paid-in capital - - - - 1.2.1.2.6 Others - - - -
1.2.2 DeductionTier1 (1,679,700) (1,523,549) (324,941) (325,410)1.2.2.1 Other comprehensive income - - - -
1.2.2.1.1 Defisitofthefinancialstatementtranslation - - - -
1.2.2.1.2 Potential losses from the increase inthefairvalueoffinancialassetsavailable for sale - - - -
1.2.2.2 Other capital additional reserves (other disclosed reserves) (1,679,700) (1,523,549) (324,941) (325,410)1.2.2.2.1 Disagio - - - - 1.2.2.2.2 Previous year loss - - - - 1.2.2.2.3 Current year loss - - - - 1.2.2.2.4 Lessdifferencebetweentheallowance
forassetsandtheallowanceforimpairment losses on productive assets (1,262,439) (1,105,194) - -
1.2.2.2.5 Less difference of fair value adjustmentoffinancialinstrumentsinthe Trading Book - - - -
1.2.2.2.6 Requiredallowanceforassetsnonproductive (417,261) (418,355) (324,941) (325,410)
1.2.2.2.7 Others - - - - 1.3 Non Controlling Interest - 456,812 - 609,688 1.4 Deduction Core Capital (1,792,038) (921,336) (1,798,595) (936,840)
1.4.1 Defferedtaxcalculated (260,128) (274,654) (247,941) (256,317)1.4.2 Goodwill - - - (9,918)1.4.3 Other intangible assets (64,050) (115,904) (77,358) (94,184)1.4.4 Investments in shares (1,467,860) (530,778) (1,473,296) (576,421)1.4.5 Shortage of capital on insurance subsidiaries - - - - 1.4.6 Securitisationexposure - - - - 1.4.7 Other deduction core capital - - - -
1.4.7.1 PlacementoffundsininstrumentAT1and/orTier2 to other bank - - - -
1.4.7.2 Cross-ownershipinanotherentityacquiredbythetransitionbecauseofthelaw,grants,orgrantswill - - - -
2 Additional Core Capital/Additional Tier 1 (AT 1) - - - - 2.1 InstrumentwhichcomplywithAT1 - - - - 2.2 Agio/Disagio - - - - 2.3 Other deduction core capital - - - -
2.3.1 PlacementoffundsininstrumentAT1and/orTier2toother bank - - - -
2.3.2 Cross-ownershipinanotherentityacquiredbythetransitionbecauseofthelaw,grants,orgrantswill - - - -
II. Supplemental Capital (Tier 2) 4,445,297 4,587,139 2,793,448 2,921,610 1 Capital Instrument in the form of Stock or others which comply
with Tier 2 3,200,000 3,200,000 1,528,000 1,528,000 2 Agio/Disagio - - - - 3 General provison on earning assets (maks. 1,25% ATMR Risiko kredit) 1,245,297 1,397,906 1,265,448 1,404,291 4 Deduction supplemental capital (Tier 2) - (10,767) - (10,681)
4.1 Sinking Fund - - - - 4.2 PlacementoffundsininstrumentAT1and/orTier2tootherbank - (10,767) - (10,681)4.3 Cross-ownershipinanotherentityacquiredbythetransitionbecause
ofthelaw,grants,orgrantswill - - - - Total Core Capital and Supplemental Capital 34,153,759 37,359,222 31,227,922 34,719,513
FINANCIAL RATIOS CALCULATIONAS OF MARCH 31, 2018 AND 2017
(in %)31 MAR 2018 31 MAR 2017
Performance RatioConsolidated
1. Capital Adequacy Ratio (CAR) 22.27 21.21 2. Non performing earning assets and non earning assets to total earning assets
and non earning assets 2.07 1.97 3. Non performing earning assets to non earning assets 2.24 2.12 4. Impairment provision on earning assets to total earning assets 1.98 1.83 5. GrossNPL 2.99 2.91 6. Net NPL 0.83 0.84 7. Return on Asset (ROA) 1.68 1.91 8. Return on Equity (ROE) 8.22 9.23 9. Net Interest Margin (NIM) 4.57 4.64
10. OperatingExpensetoOperatingRevenue 81.57 79.70 11. LoantoDepositRatio(LDR) 95.80 90.73 12. Net Stable Funding Ratio (NSFR) 144.73 -
Individual1. Capital Adequacy Ratio (CAR) 22.35 21.03 2. Non performing earning assets and non earning assets to total earning assets
and non earning assets 1.80 1.93 3. Non performing earning assets to non earning assets 1.92 2.07 4. Impairment provision on earning assets to total earning assets 1.69 1.80 5. GrossNPL 2.65 2.94 6. Net NPL 0.69 0.73 7. Return on Asset (ROA) 1.65 1.88 8. Return on Equity (ROE) 8.30 9.41 9. Net Interest Margin (NIM) 4.35 4.47
10. OperatingExpensetoOperatingRevenue 80.24 79.41 11. LoantoDepositRatio(LDR) 90.25 86.58 12. Net Stable Funding Ratio (NSFR) 151.81 -
Compliance1. a. Percentage violation of Legal Lending Limit
i. Related parties - - ii. Non related parties - - b.PercentageofexcessofviolationoftheLegalLendingLimit i. Related parties - - ii. Non related parties - -
2. Reserve Requirementa. Primary reserve requirement (Rupiah) 6.51 6.52 b. Reserve requirement (Foreign currency) 8.07 8.08
3. Net Open Position 1.67 0.80
BANK'S MANAGEMENTBOARD OF COMMISSIONERS- President Commissioner :Drs.Johnny-VicePresidentCommissioner-IndependentCommissioner : Lintang Nugroho -VicePresidentCommissioner :ChandraRahardjaGunawan3)
- Independent Commissioner :Drs.H.BambangWinarno- Independent Commissioner :Drs.H.Riyanto- Commissioner : Lianna Loren Limanto DIRECTORS-PresidentDirector :Herwidayatmo-VicePresidentDirector : Roosniati Salihin -VicePresidentDirector :HendrawanDanusaputra-Director :LiontoGunawan-Director :GunawanSantoso-Director : Ng Kean Yik-Director :EdyHeryanto-Director :JanuarHardi-ComplianceandRiskManagementDirector :AntoniusKetutDwirianto-Director :SuwitoTjokrorahardjo-Director :H.AhmadHidayat
SHAREHOLDERS I. Ultimate Shareholder: 4)
Through : PT Panin Financial Tbk.*) : 46.04%
II.NonUltimateSharehoderthroughCapitalMarket(≥5%)-VotraintNo.1103PtyLimited : 38.82%
III.NonUltimateShareholderthroughnonCapitalMarket(≥5%) : nill
IV.Public(<5%each) : 15.14%
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITYFOR THE THREE MONTHS PERIOD ENDED MARCH 31, 2018 AND 2017
(In Millions Rupiah)
Capital Stock
Additional paid in capital
Difference in value of equity transaction with non controlling
interest
Other Comprehensive Income Retained Earnings Equity attributable to owners of the parent entity
Non Controlling
Interest
Total Equity
Revaluation of premises and
equipment
Actuarial gain
(loss)
Changes in fair value
of AFS securities
Shares of other comprehensive
income of associate
Appropriated Unappropriated
Balance as of January 1, 2017 2,408,765 3,444,330 (51,315) 6,840,216 (136,292) 77,608 2,117 140,000 18,889,464 31,614,893 2,585,907 34,200,800 Transfer of surplus revaluation of premises and equipment to retained earning arising from
sale of revalued premises and equipment - - - (192) - - - - 192 - - - Net income for the period - - - - - - - - 724,708 724,708 35,697 760,405 Othercomprehensiveincome-aftertax - - - (23,916) - 47,515 (153) - - 23,446 (395) 23,051 Additional paid-in capital of subsidiaries - - - - - - - - - - 30,342 30,342 Balance as of March 31, 2017 2,408,765 3,444,330 (51,315) 6,816,108 (136,292) 125,123 1,964 140,000 19,614,364 32,363,047 2,651,551 35,014,598 Differenceinvalueofequitytransactionwithnon-controllinginterest - - 22,746 - - - - - - 22,746 25,716 48,462 Transfer of surplus revaluation of premises and equipment to retained earning arising from
sale of revalued premises and equipment - - - (5,402) - - - - 5,402 - - - Net income for the period - - - - - - - - 1,687,750 1,687,750 (439,718) 1,248,032 Othercomprehensiveincome-aftertax - - - 10,166 (69,830) (31,200) (781) - - (91,645) 10,460 (81,185)Additional paid-in capital of subsidiaries - - - - - - - - - - 58,824 58,824 Balance as of December 31, 2017 2,408,765 3,444,330 (28,569) 6,820,872 (206,122) 93,923 1,183 140,000 21,307,516 33,981,898 2,306,833 36,288,731 Transfer of surplus revaluation of premises and equipment to retained earning arising from sale of revalued premises and equipment - - - (276) - - - - 276 - - - Net income for the period - - - - - - - - 667,168 667,168 39,504 706,672 Othercomprehensiveincome-aftertax - - - - - (10,298) (5) - - (10,303) 80 (10,223)Additional paid-in capital of subsidiaries - - - - - - - - - - 306,925 306,925 Balance as of March 31, 2018 2,408,765 3,444,330 (28,569) 6,820,596 (206,122) 83,625 1,178 140,000 21,974,960 34,638,763 2,653,342 37,292,105
