| BALANCE SHEET |
|
| |
2005 |
2004 |
| |
IDR '000 |
IDR '000 |
| ASSETS |
|
|
| Cash |
4.039.129 |
3.241.450 |
| Demand deposits with Bank Indonesia |
30.115.928 |
16.385.359 |
| Demand deposits with other banks |
|
|
| Related Parties |
2.652.637 |
- |
| Third parties |
1.947.979 |
3.605.401 |
| Allowance for possible losses |
(46.006) |
(36.054) |
| Net |
4.554.610 |
3.569.347 |
| Placements with other bank |
|
|
| Third parties |
367.965.611 |
27.653.833 |
| Allowance for possible losses |
(3.679.656) |
(276.538) |
| Net |
364.285.955 |
27.377.295 |
| Securities |
|
|
| Held-to-maturity |
164.897.728 |
261.593.895 |
| Unamortized Interest |
(74.497) |
(463.769) |
| Allowance for possible losses |
(197.983) |
(23.177) |
| Net |
164.625.248 |
261.106.949 |
| Acceptance Receivables |
|
|
| Related parties |
13.044.425 |
10.305.446 |
| Third parties |
144.840.864 |
137.854.093 |
| Total |
157.885.289 |
148.159.539 |
| Allowance for possible losses |
(17.403.630) |
(20.872.034) |
| Net |
140.481.659 |
127.287.505 |
| Acceptance Receivables |
|
|
| Related parties |
- |
10.999.467 |
| Third parties |
2.183.798 |
- |
| Total |
2.183.798 |
10.999.467 |
| Allowance for possible losses |
(54.595) |
(109.995) |
| Net |
2.129.203 |
10.889.472 |
| Interest receivables |
3.484.896 |
433.079 |
| Prepaid expense |
696.954 |
770.477 |
| Premises and Equipment |
|
|
| Cost |
17.476.789 |
12.905.639 |
| Accumulate depreciation |
(5.390.248) |
(5.556.824) |
| Net |
12.086.541 |
7.348.815 |
| Deffered tax assets |
897.796 |
858.298 |
| Other assets − net |
11.899.416 |
2.064.328 |
| TOTAL ASSETS |
739.297.335 |
461.332.374 |
| |
| LIABILITIES AND EQUITY |
|
|
| Liabilities |
|
|
| Liabilities immediately payable |
360.952 |
3.476.746 |
| Deposits |
|
|
| Related parties |
338.347.523 |
52.486.819 |
| Third parties |
286.616.269 |
302.862.033 |
| Total |
624.963.792 |
355.348.852 |
| Deposits from other bank |
1.000.000 |
- |
| Acceptance liabilities |
2.183.798 |
10.999.467 |
| Taxes payable |
1.116.834 |
1.541.029 |
| Estimated losses on commitments and contingencias |
126.627 |
128.484 |
| Accrued expenses |
1.434.622 |
723.008 |
| Defined-benefit post-employment reserve |
1.995.169 |
1.485.108 |
| Other liabilities |
2.580.480 |
3.175.829 |
| Total Liabilities |
635.762.274 |
376.878.523 |
| Equity |
|
|
| Capital stock − Rp 500.000.- per value per share |
|
|
| Authorized − 400.000 shares |
|
|
| Issued and paid-up 130.000 shares in 2005 100.000 shares in 2004 |
65.000.000 |
50.000.000 |
| General reserve |
1.000.000 |
500.000 |
| Retained earnings |
37.535.061 |
33.953.851 |
| Total Equity |
103.535.061 |
84.453.851 |
| TOTAL LIABILITIES AND EQUITY |
739.297.335 |
461.332.374 |
| |
| STATEMENTS OF INCOME |
|
| For the Years Ended December 31, 2005 & 2004 |
| |
2005 |
2004 |
| |
IDR '000 |
IDR '000 |
| OPERATING REVENUES AND EXPENSES |
|
|
| Interest Revenues |
|
|
| Interest |
40.574.383 |
31.498.042 |
| Fees and commissions |
1.487.010 |
1.159.259 |
| Total Interest Revenues |
42.061.393 |
32.657.301 |
| Interest Expense |
|
|
| Interest |
23.418.252 |
16.106.016 |
| Interest Revenue − Net |
18.643.141 |
16.551.285 |
| Other Operating Revenues |
|
|
| Fees and commissions other than from loans |
4.473.182 |
3.236.842 |
| Gain on foreign exchange − net |
397.345 |
59.494 |
| Reversal of provision for possible losses on earning assets |
- |
6.013.571 |
| Gain on sale of securities |
- |
12.224 |
| Others |
71.950 |
91.350 |
| Total Other Operating Revenues |
4.924.477 |
9.413.481 |
| Other Operating Expense |
|
|
| Personal Expense |
10.557.279 |
9.965.008 |
| General and administrative expenses |
7.934.324 |
9.576.379 |
| Depreciation |
1.145.398 |
757.029 |
| Provision for possible losses on earning assets |
62.215 |
- |
| Total Other Operating Expenses |
19.699.216 |
20.969.691 |
| Other Operating Expenses − Net |
(14.774.739) |
(10.884.953) |
| INCOME FROM OPERATION |
3.868.402 |
5.666.332 |
| NON-OPERATING REVENUES AND EXPENSES |
|
|
| Non − Operating Revenues |
2.097.557 |
911.130 |
| Non − Operating Expenses |
266.590 |
105.750 |
| NON-OPERATING REVENUES-NET |
1.830.967 |
805.380 |
| INCOME BEFORE TAX |
5.699.369 |
6.471.712 |
| TAX EXPENSE (BENEFIT) |
|
|
| Current Tax |
1.657.657 |
2.205.461 |
| Deffered Tax |
(39.498) |
(357.550) |
| |
1.618.159 |
1.892.911 |
| NET INCOME |
4.081.210 |
4.578.801 |
