| BALANCE SHEET |
|
| |
2006 |
2005 |
| |
Rp '000 |
Rp '000 |
| ASSETS |
|
|
| Cash |
10.285.215 |
4.039.129 |
| Demand deposits with Bank Indonesia |
136.553.586 |
30.115.928 |
| Demand deposit with other banks |
|
|
| Related parties |
656.785 |
2.652.637 |
| Third parties |
6.915.260 |
1.947.979 |
| Allowance for possible losses |
(75.720) |
(46.006) |
| Net |
7.496.325 |
4.554.610 |
| Placements with other bank |
|
|
| Third parties |
374.206.789 |
367.965.611 |
| Allowance for possible losses |
(3.742.068) |
(3.679.656) |
| Net |
370.464.721 |
364.285.955 |
| |
|
|
| Securities |
|
|
| Related parties |
7.891.784 |
- |
| Third parties |
415.122.080 |
164.897.728 |
| Unamortized interest received in advance |
(845.013) |
(74.497) |
| Allowance for posible losses |
(1.136.982) |
(197.983) |
| Net |
421.031.869 |
164.625.248 |
| |
|
|
| Securities purchased under agreements |
82.566.264 |
- |
| Unamortized interest received in advance |
(1.016.042) |
- |
| Allowance for possible losses |
(71.955) |
- |
| Net |
81.478.267 |
- |
| |
|
|
| Loans |
|
|
| Related parties |
207.074.401 |
13.044.425 |
| Third parties |
765.466.628 |
144.840.864 |
| Total |
972.541.029 |
157.885.289 |
| Allowance for possible losses |
(14.185.358) |
(17.403.630) |
| Net |
958.355.671 |
140.481.659 |
| Acceptance receiveables |
|
|
| Related parties |
- |
- |
| Third parties |
- |
2.183.798 |
| Total |
- |
2.183.798 |
| Allowance for possible losses |
- |
(54.595) |
| Net |
- |
2.129.203 |
| Interest receiveables |
7.769.209 |
3.484.896 |
| Prepaid expenses |
6.216.759 |
696.954 |
| Premises and equipment |
|
|
| Cost |
29.809.470 |
17.476.789 |
| Accumulated depreciation |
(7.649.639) |
(5.390.248) |
| Net |
22.159.831 |
12.086.54 |
| Deferred tax assets |
769.510 |
897.796 |
| Other assets − net |
28.361.888 |
11.899.416 |
TOTAL ASSETS |
2.050.942.851 |
739.297.335 |
| |
| LIABILITIES AND EQUITY |
|
|
| Liabilities |
|
|
| Liabilities immediately payable |
3.513.661 |
360.952 |
| Deposits |
|
|
| Related parties |
985.740.091 |
338.347.523 |
| Third parties |
858.652.157 |
286.616.269 |
| Total |
1.844.392.248 |
624.963.792 |
| Deposits from other bank |
38.511.754 |
1.000.000 |
| Derivative liabilities |
4.009 |
- |
| Acceptance liabilities |
- |
2.183.798 |
| Taxes payable |
2.482.800 |
1.116.834 |
| Securities issued |
1.150.000 |
- |
| Estimated losses on commitments and contingencias |
1.464.062 |
126.627 |
| Accrued expenses |
6.361.480 |
1.434.622 |
| Defined-benefit post-employment reserve |
1.220.791 |
1.995.169 |
| Other liabilities |
5.706.357 |
2.580.480 |
| Total liabilities |
1.904.807.162 |
635.762.274 |
Equity |
|
|
| Capital stock − Rp 500.000.- per value per share |
|
|
| Authorized Rp 1.000.000.- shares in 2006 and Rp 400.000.- shares in 2005 |
|
|
| Issued and paid-up Rp 250.000.- share-in 2006 and Rp 130.000.- share-in 2005 |
125.000.000 |
65.000.000 |
| General reserve |
1.000.000 |
1.000.000 |
| Retained earnings |
20.135.689 |
37.535.061 |
Total Equity |
146.135.689 |
103.535.061 |
TOTAL LIABILITIES AND EQUITY |
2.050.942.851 |
739.297.335 |
| |
| STATEMENTS OF INCOME |
| |
| For the Years Ended December 31, 2006 & 2005 |
| |
2006 |
2005 |
| |
IDR '000 |
IDR '000 |
| OPERATING REVENUES AND EXPENSES |
|
|
| Interest revenues |
|
|
| Interest |
99.740.204 |
40.574.383 |
| Fees and commissions |
6.581.242 |
1.487.010 |
| Total interest revenues |
106.321.446 |
42.061.393 |
| Interest Expense |
|
|
| Interest |
65.973.290 |
23.418.252 |
| Interest revenue − Net |
40.348.156 |
18.643.141 |
| Other operating revenues |
|
|
| Fees and commisions other than from loans |
8.435.404 |
4.473.182 |
| Gain on increase in value of trading securities − Net |
|
|
| Securities − Net |
854.615 |
- |
| Gain on foreign exchange − Net |
346.361 |
397.345 |
| Others |
75.968 |
71.950 |
| Total other operating revenues |
9.712.348 |
4.924.477 |
| Other operating expenses |
|
|
| Personel expenses |
16.597.673 |
10.557.279 |
| General and administrative expenses |
19.738.459 |
7.934.324 |
| Depreciation |
2.263.266 |
1.145.398 |
| Provision for possible losses on earning asstes |
511.544 |
62.215 |
| Non- earning assets |
525.074 |
- |
| Others |
137.985 |
- |
| Total other operating expenses |
39.774.001 |
19.699.216 |
| Other operating expenses − Net |
(30.061.653) |
(14.774.739) |
| INCOME FROM OPERATIONS |
10.268.503 |
3.868.402 |
| NON − OPERATING REVENUES AND EXPENSES |
|
|
| Non − operating revenues |
97.884 |
2.097.557 |
| Non − operating expenses |
95.745 |
266.590 |
| NON − OPERATING REVENUES − NET |
2.139 |
1.830.967 |
| INCOME BEFORE TAX |
10.288.642 |
5.699.369 |
| TAX EXPENSE (BENEFIT) |
|
|
| Current tax |
2.559.728 |
1.657.657 |
| Deferred tax |
128.286 |
(39.498) |
| |
2.688.014 |
1.618.159 |
| NET INCOME |
7.600.628 |
4.081.210 |
