financial_statement_qiii-ing

8/7/2019 Financial_Statement_QIII-Ing

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F I N A N C I A L S T A T E M E N T - As at 30 September 2010 (Una

P U B L I C L I S T E D B A N K

LIST OF CONTENT

Sheet 1 BALANCE SHEET - ASSETS

Sheet 2 INCOME STATEMENT

Sheet 3 COMMITMENTS AND CONTINGENCIES

Sheet 4 EARNING ASSETS QUALITY

Sheet 5 FINANCIAL RATIO CALCULATION

Sheet 6 CALCULATION OF CAPITAL ADEQUACY RATIO

Sheet 7 FOREIGN CURRENCIES TRANSACTIONS AND DERIVATIVE

Sheet 8 NOTES

Sheet 9 SHARIA - BALANCE SHEET - ASSETS

SHARIA - INCOME STATEMENT

SHARIA - COMMITMENTS AND CONTIGENCIES

Sheet 10 SHARIA - NOTES


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dited)


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F I N A N C I A L S T A T E M E N T

F O R E I G N E X C H A N G E & P U B L I C L I S T E D B A N K

BALANCE SHEETS

As at 30 September 2010 and 2009 As at 3(in million Rupiah)

N0. Description 2010 2009N0.

Descrip

ASSETS LIABILITIES AND SHAREHOLDER

1 Cash 944,240 928,811 1 Demand deposits

2 Placements with Bank Indonesia 2,806,973 1,283,551 2 Savings

3 Placements with Other Banks 4,001,971 2,498,443 3 Time deposits

4 Derivative receivables 23,948 31,595 4 Revenue sharing investment fund

5 Marketable securities 5 Liabilities to Bank Indonesia

a. at Fair value through profit/loss 2,415,549 4,210,427 6 Liabilities to other banks

b. Available for Sale 2,476,722 2,147,951 7 Spot and derivative liabilities

c. Held to Maturity 45,830 121,385 8 Marketable securit ies resell sold with re

d. Loans and recievables - - 9 Acceptance Payables

6 Marketable securities sold with repurchase agreement - - 10 Marketable Securities Issued

7 Marketable securities purchased under resale agreements 411,239 142,154 11 Borrowings

8 Acceptance receivable 637,519 406,529 12 Security deposits

9 Loans 13 Interoffice liabilities

a. Fair value through to profit and loss - - a. Operational Activity in Indonesia

b. Available for Sale - - b. Operational Activity Outside Indon

c. Held to Maturity - - 14 Deferred tax liabilities

d. Loans and recievables 25,181,401 19,868,882 15 Allowance for possible losses on off bal

10 Sharia Financing - - 16 Other liabilities

11 Investments 4,991 50,368 17 Profit sharing fund investment

12 Allowance for impairment of financial assets -/- 18 Minority interest

a. Marketable Securities (467) (6,608) 19 Loan Capital

b. Loans (613,764) (586,040) 20 Paid in capitalc. Others (5,730) (30,338) a. Authorised capital

13 Intangible Assets - - b. Un paid up capital -/-

Accumulated depreciation of intangible assets -/- - - c. Treasury shares -/-

14 Fixed assets and fixtures 1,153,773 1,025,262 21 Additional paid-in capital

Accumulated depreciation of fixed assets and fixtures -/- (319,566) (240,819) a. Share premium

15 Abandoned properties - - b. Share discount -/-

16 Foreclosed assets 115,586 131,904 c. Donation Capital

17 Suspend Account 35,570 15,648 d. Adjustments due to financial state

18 Interoffice Assets e. Other comprehensive income

a. Conduct Operational Activity in Indonesia 18 14 f. Others

a. Conduct Operational Activity outsite Indonesia - - g. Capital deposits funds

19 Allowance for impairment of other assets -/- (45,981) (50,117) 22 Difference on revaluation of fixed asset

20 Allowance for possible losses on non earning assets -/- (2,694) (209) 23 Difference due to quation reorganisation

21 Leased assets - - 24 Difference on restructuring of entities un

22 Deferred tax assets - - 25 Reserves

23 Other assets 967,273 650,933 a. General reserves

b. Specific reserves

26 Profit/loss

a. Previous years

b. Current year

TOTAL ASSETS 40,234,401 32,599,726 TOTAL LIABILITIES AND SH


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STATEMENT OF INCOME

For The Nine Month Period Ended30 September 2010 and 2009

(in million rupiah, except Earnings per Share)

N0. DESCRIPTION 2010 2009

OPERATING INCOME AND EXPENSES

A. Interest income and expenses

1 Interest income

a. R u p i a h 2,228,328 2,341,579

b. Foreign currencies 191,762 242,699

Total Interest income 2,420,090 2,584,278

2 Interest expenses

a. R u p i a h 1,025,811 1,237,410

b. Foreign currencies 41,504 61,974

Total Interest expenses 1,067,315 1,299,384

NET INTEREST INCOME 1,352,775 1,284,894

B. Non Interest Income (Expenses)

1 Non Interest Income

i. Marketable securities - 2,894

ii. Loans - -

iii. Spot and derivatives 1,604 41,236

iv. Other financial assets - -

- -

c. Gain on sale of financial assets

i. Marketable securities 39,654 45,834

ii. Loans - -iii. Other financial assets - -

65,688 66,235

e. Dividend, gains from Equity Method Investment,

commisions/provision/fee & administration 245,386 202,814

f. Reversal of Impairment provisions,

Allowance for possible lossess of Non Productive Assests

& off balance sheet accounts 26,463 34,789

g. Others income 19,223 29,798

Total Non Interest Income 398,018 423,600

2 Operating Expenses excluding interest

i. Marketable securities 515 -

ii. Loans - -

iii. Spot and derivatives 11,351 -iv. Other financial assets - -

- -

c. Loss on sale of financial assets

i. Marketable securities 69 -

ii. Loans - -

iii. Other financial assets - -

382 -

e. Allowance for Impairment on financial assets

i. Marketable securities 55 958ii. Loans 107,695 197,687

iii. Sharia Financing - -

iv. Other financial assets - 14,954

f. Allowance for possible losses on off balance sheets accounts 5,275 881

g. Allowance for possible losses on operational risk - -

h. Loss on operational risk 640 472i. Loss from Equity Method investment commision/provision/fee

and administration - 21,280

j. Allowance for impairment of other assets (Non Financial) 2,841 25,513

k. Allowance for possible losses of non earning assets - -

l. Personnel expenses 622,165 517,449

m.Promotion expenses 42,745 54,264n.Other expenses 467,327 435,392Total Operating Expenses excluding interest 1,261,060 1,268,850

Net operating income/expenses excluding interest (863,042) (845,250)

OPERATING INCOME (EXPENSES) 489,733 439,644

NON OPERATING INCOME (EXPENSES)

1 Gain (loss) on sale of fixed assets and fixtures 3,378 1,045

2 Gain (loss) on foreign exchange translation - -

3 Non operating income (expense) 1,398 (712)

NON OPERATING INCOME (EXPENSES) 4,776 333

INCOME BEFORE TAX 494,509 439,977

1 Profit (loss) transfer to Head Office - -

2 Income Tax

E ti t d C t t 118 877 117 187

a. Increase in Fair Value of Financial Assets ( Mark to Market )

b. Decrease in fair value financial liabilities ( Mark to Market )

d. Foreign exchange gain spot and derivatives (realised)

a. Decrease in Fair Value of Financial Assets ( Mark to Market )

b. Increase in fair value financial liabilities ( Mark to Market )

d. Loss on spot and derivatives transaction (realized)


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COMMITMENT AND CONTINGENCIES

As at September 30, 2010 and 2009(in million Rupiah)

No. DESCRIPTION 2010 2009

I COMMITMENT RECEIVABLES

1. Undrawn borrowing facilities received

a. R u p i a h - -

b. Foreign currencies - -

2. Outstanding spot and derivative position 5,119,095 3,419,920

3. Other Commitments - 15,802

Total Commitment Receivables 5,119,095 3,435,722

II COMMITMENTS PAYABLES

1 1. Undrawn loan facilities granted to customersa. State-owned enterprises

i. Committed

- Rupiah - -

- Foreign currencies - -

ii. Uncommitted

- Rupiah - -


b. Others

i. Committed - -

ii. Uncommitted 8,764,430 5,959,074

2. Undrawn loan facilities granted to other bank

i. Committed

- Rupiah - -


ii. Uncommitted

- Rupiah - -- Foreign currencies - -

3. Outstanding irrevocable letters of credit

a. Overseas L/C 516,316 408,541

b. Local L/C 158,516 248,879

4. Outstanding spot dan derivative positition 5,101,790 3,393,495

5. Others 255,000 15,802

Total Commitment Payables 14,796,052 10,025,791

TOTAL COMMITMENTS - NET (9,676,957) (6,590,069)

III CONTINGENT RECEIVABLES

1. Guarantees received

a. R u p i a h - -

b. Foreign currencies - -

2. Interest receivable on non performing assets

a. Loan interest 300,298 251,715

b. Other interest - -3. Others - -

Total Contingent Receivables 300,298 251,715

IV. CONTINGENT PAYABLES

1 1. Guaranteed issued

a. Bank Guarantees

- R u p i a h 868,584 978,306

- Foreign currencies 485,840 416,066

2. Others - -

Total Contingent Payables 1,354,424 1,394,372

TOTAL CONTINGENCIES - NET (1,054,126) (1,142,657)

M A N A G E M E N T

COMMISSIONERS

- President Commissioner : Pramukti Surjaudaja

- Deputy President Commissioner : Peter Eko Sutioso *)

- Commissioner : Lelarati Lukman- Commissioner : David Philbrick Conner

- Commissioner : Roy Karaoglan *)

- Commissioner : Jusuf Halim *)

- Commissioner : Goh Kim Bun, Benny *) #)

- Commissioner : Lai Teck Poh (Dua Teck Poh)

DIRECTORS

- President Director : Parwati Surjaudaja

- Deputy President Director : Na Wu Beng

- Director : Hardi Juganda

- Director : Yogadharma Ratnapalasari

- Director : Rama Pranata Kusumaputra

- Director : Louis (Luianto) Sudarmana

- Director : Rudy N Hamdani

- Director : Alan JenviphakulS H A R E H O L D E R S

OCBC Overseas Investment Pte.Ltd.

(Controlling shareholder) 81.90%

Others 18.10%

#) Passed away on 17 July 2010

*) Independent commissioner


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ASSETS QUALITY AND OTHER INFORMATIONAs at 30 September 2010 and 2009

PT BANK OCBC NISP Tbk.

(in million Rupiah)

No Description 2010

Current Special Mention Substandard Doubtful Loss

I. RELATED PARTIES

1. Placement with other banks

a. Rupiah - - - - -

b. Foreign currency 2,721,508 - - - -

2. Spot and derivatif receivable

a. Rupiah - - - - -

b. Foreign currency - - - - -

3. Marketable securities

a. Rupiah - - - - -


4. Marketable securities sold with agreement to purchased (repo)

a. Rupiah - - - - -


5. Marketable securities purchased with agreement to resell (reverse repo)

a. Rupiah - - - - -


6. Acceptance payable - - - - -

7. Loans

a. Micro debtors,

Small and medium business (UMKM)

i. Rupiah 29,530 239 - - -

ii. Foreign currency 5,901 - - - -

b. Not small and medium business (UMKM)

i. Rupiah 124,056 - - - -

ii. Foreign currency 36,389 - - - -

c. Restructured loans

i. Rupiah - - - - -

ii. Foreign currency - - - - -

d. Property loans 1,823 66 - - -

8. Investments - - - - -

9. Temporary investment - - - - -

10. Commitement and contingencies

a. Rupiah - - - - -

b. Foreign currency - - - - - 11. Foreclosed assets - - - - -

II. NON-RELATED PARTIES1. Placement with other banks

a. Rupiah 994,706 - - - -

b. Foreign currency 285,757 - - - -

2. Spot and derivatif receivable

a. Rupiah 1,690 - - - -

b. Foreign currency 22,258 - - - -

3. Marketable securities

a. Rupiah 4,920,927 - - - -

b. Foreign currency 12,491 4,683 - - -

4. Marketable securities sold with agreement to purchased (repo)

a. Rupiah - - - - - b. Foreign currencies - - - - -


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No Description 2010

Current Special Mention Substandard Doubtful Loss

5. Marketable securities purchased with agreement to resell (reverse repo)

a. Rupiah 411,239 - - -

b. Foreign currencies - - - -

6. Acceptance payable 634,876 2,643 - -

7. Loans

a. Micro debtors,

Small and medium business (UMKM)

i. Rupiah 11,939,195 525,266 35,627 62,685 339,7

ii. Foreign currency 429,821 8,368 - - 11,5

b. Not small and medium business (UMKM)

i. Rupiah 7,960,899 19,409 - - 187,4

ii. Foreign currency 3,136,434 213,321 34,033 37,009 44,4

c. Restructured loans

i. Rupiah 52,961 - 5,776 1,810 55,5

ii. Foreign currency - 171,444 34,033 31,535 3,6

d. Property loans 4,461,969 295,920 13,259 17,320 80,2

8. Investments 4,991 - - -

9. Temporary investment - - - -

10. Others Receivables 397,412 838 - 1,773 6

11. Commitments and contingencies

a. Rupiah 1,180,212 992 - - 2

b. Foreign currencies 1,080,439 22,377 - -

12. Foreclosed assets 17,479 - 8,774 89,333

III. OTHERS INFORMATION

1. Collateralized Assets :

a. To the Bank Indonesia

b. To the other banks

2. Total allowance for impairment of earning assets

3. Total required provision for possible losses on asset

4. Percentage loans to small medium enterprises

total loans

5. Percentage of loans to micro debtors

to the total loans

6. Percentage number of small medium enterprises debtors to total debtors

7. Percentage number of small business debtors

to the total debtors

8. Others

a. Credit chanelling

b. Mudharabah Muqayyadah funding

c. Written-off Earning assets

d. Recovery from written off earning assets

e. Productive assets claims writen-off

, , , , , ,

ALLOWANCE FOR POSSIBLE LOSSES

As at 30 September 2010 and 2009

2010

No Description Allowance for Impairment Provision required Allowa

Individual Collective General Specific Individua

1. Placement with other banks - - - -

2. Spot and derivatif receivable - - - -

3. Marketable securities - 467 124 343

4. Marketable securities sold with agreement to purchased (repo) - - - -

5. Marketable securities purchased with agreement to resell (reverse repo) - - - -

6. Acceptance payable - 2,098 1,904 194

7. Loans 416,961 196,803 104,821 508,943

8. Investment - - - -

9. Temporary capital investments - - - -

10. Other Receivable 2,397 1,235 1,193 2,439


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FINANCIAL RATIOS

As at 30 September 2010 and 2009

No. RASIO (%) 2010 2009

Performance Ratio

1 Capital Adequacy Ratio *) 17.03% 18.92%

2 Non performing earning and non earning assets

to the total earning and non earning assets 2.26% 2.91%

3 Non performing assets to the productive assets 1.99% 2.51%

4 Allowance for financial assets impairment to earning assets 1.64% 2.05%

5 NPL - gross 2.99% 3.93%

6 NPL - net 1.33% 2.04%

7 Return on Aset (ROA) 1.74% 1.72%8 Return on Equity (ROE) 11.85% 11.34%

9 Net Interest Margin (NIM) 5.26% 5.53%

10 Operating Expenses to Operating Income (BOPO) 82.62% 85.21%

11 LDR 78.51% 76.46%

COMPLIANCE

1 a. Percentage in excess of legal lending limit

i. Related parties - -

ii. Non related parties - -

b. Percentage lending in excess of legal lending limit

i. Related parties - -

ii. Non related parties - -

2 Reserve Requirement

a. IDR Statutory Reserves 5.06% 5.06%b. Foreign Currencies Statutory Reserves 1.03% 1.08%

3 Net Open Position 2.45% 4.99%

*) CAR as of 30 September 2010 including for credit risk,market risk and operasional risk while CAR as of 30 September 2009

including credit risk and market risk


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CALCULATION OF

CAPITAL ADEQUACY RATIOAs at 30 September 2010 and 2009

( in million Rupiah )

D E S C R I P T I O N

I CAPITAL COMPONENTS

A. CORE CAPITAL

1. Paid up Capital

2. CAdditional Capital Reserve

2.1 Additional Factor

a. a. Share premium

b. b. Donation Capital

c. c. General Reserve

d. d. Specific Reserve

e. e. Prior years profit (100%)

f. f. Current year profit (50%)g. g. Differences arising from financial statement translation

h. h. Paid Up Capital fund

i. i. Warrant issued (50%)

j. j. Stock Option in relation with compensation program

stock basis (50%)2.2 Less Factor

a. Share discount

b. Prior year loss (100%)

c. Current year loss (100%)

d. Differences arising from financial statement translation

e. Others Comphrehensive Income : Loss on Fair Value

on Available for sale investment

f. Shortage between required provisions with allowance for impairment

of earning assets

g. Shortage in mark to market on trading book

3. Inovative Capital

3.1 Subordinated Bonds (perpetual non cummulative)

3.2 Subordinated Borrowing (perpetual non cummulative)

3.3 Others Inovative Capital Instruments

4. Less Factor Core Capital

4.1 Goodwill

4.2 Others Intangible Assets

4.3 Investment (50%)

4.4 Lack in capital in Insurance subsidiary (50%)

5. Minority Interest

B SUPPLEMENTARY CAPITAL

1.1 Preferred Stock (perpetual cummulative)

1.2 Subordinated Bonds (perpetual cummulative)

1.3 Subordinated Borrowing (perpetual cummulative)

1.5 Innovative Capital which can not be calculated as Core Capital

1.7 Fixed assets revaluation

1.8 General provision for productive assets (maks 1.25% of RWA)

1.9 Others Comphrehensive Income : Gains from increase fair value

from Available for sale investment (45%)

2.2. Borrowings or subordinated bond can be calculated

2.3. Others supplementary capital instrument low level (lower tier 2)

3. Less Factor Supplementary Capital *)

3.1 Investment (50%)

3.2 Capital lack in Insurance subsidiary (50%)

C Deduction Factor for Core Capital and Supplementary Capital

Securitization exposureD

E ADDITIONAL SUPPLEMENTARY CAPITAL ALLOCATED TOANTICIPATE MARKET RISK

II TOTAL CORE AND SUPPLEMENTARY CAPITAL ( A + B - C )

III TOTAL CORE CAPITAL, SUPPLEMENTARY CAPITAL, AND ADDITIONAL SUPPLEMENTARY CAPITALALLOCATED TO ANTICIPATE MARKET RISK ( A + B - C + E )

IV RISK WEIGHTED ASSETS FOR CREDIT RISK

V RISK WEIGHTED ASSETS FOR OPERATIONAL RISK

1. Upper Tier 2

1.4 Mandatory convertible bond

1.6 Others up level supplementary capital instrument (upper tier 2)

2. Low Level (Lower Tier 2) max 50% from Core Capital *)

2.1 Redeemable preference shares

Additional Supplementary Capital (Tier 3)


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VI RISK WEIGHTED ASSETS FOR MARKET RISK

VII. CAPITAL ADEQUACY RATIO FOR CREDIT RISK ANDOPERATIONAL RISK ( II : ( IV+V )

VIII. CAPITAL ADEQUACY RATIO FOR CREDIT RISK,OPERASIONAL RISK AND MARKET RISK (III : ( IV + V + VI ) *)

*) CAR as of 30 September 2010 including for credit risk,market risk and operasional risk while CAR as of 30 September 2009

including credit risk and market risk


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2010 2009

4,267,994 3,734,871

726,822 726,822

3,541,172 3,008,049

3,541,172 3,008,049

1,221,814 1,221,814- -

1,350 1,250- -

2,130,192 1,648,774

187,816 161,395- -- -

- -

- -

- -

- -- -

- -- -

- -

- -

- -

- -- -

- -- -

- (25,184)

- -

- -

- (25,184)

- -- -

1,341,741 674,223179,025 291,549

- -

- -

- -

- -

- -- -

48,376 48,376

130,649 243,173

- -

1,162,716 407,858- -

1,162,716 407,858- -

- (25,184)

- (25,184)

- -

- -

- -

- -

5,609,735 4,409,094

5,609,735 4,409,094

29,499,816 22,523,630

2,395,847 N/A


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1,047,737 786,200

17.59% 19.58%

17.03% 18.92%


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SPOT AND DERIVATIVE TRANSACTIONS

As at 30 September 2010

(in million Rupiah)

No.TRANSACTION

Notional AmountPurpose Derivative Recei

Trading Hedging Receivables

A. Related to exchange rate

1. Spot 3,228,575 3,228,575 - 2,620

2. Forward 201,032 201,032 - 1,397

3. Option

a. Purchased - - - -

b. Written - - - -

4. Future - - - -

5. Swap 555,277 555,277 - 19,931

6. Others - - - -

B. Related to Interest Rate

1. Forward - -

2. Option

a. Purchased - -b. Written - -

3. Future - -

4. Swap 659,717 - 659,717 -

5. Others - -

C. Others - -

TOTAL 4,644,601 3,984,884 659,717 23,948


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able and Payable

Payables

2,871

2,902

-

-

-

2,525

-

-

--

-

871

-

-

9,169


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Notes :

-

-

-

-

- The USD exchange rates as at 30 September 2010 was Rp 8,925 (2009: 1 USD = Rp 9,665).

The above financial statements is prepared based on financial statements as of and for the nine month period ended 30 September 2010 and 2009 (unaudited), with some recaccomplish the regulation of Bank Indonesia No. 3/22/PBI/2001 dated 13 December 2001 as amended with the regulation of Bank Indonesia No. 7/50/PBI/2005 dated 29 Noveregarding the Amendment of Transparancy of Banking Financial Condition and Circular Letter of Bank Indonesia No. 3/30/DPNP dated 14 December 2001 as amended with CBank Indonesia No. 7/10/DPNP dated 31 March 2005 regarding Quarterly Published Financial Statements, Monthly Financial Statements of Commercial Bank and Certain RepBank Indonesia, as amanded with Circular Letter of Bank Indonesia No. 12/11/DPNP dated 31 March 2010.

The Published Financial Statements as at and for the nine month period ended 30 September 2010 has been prepared based on Statement of Financial Accounting Standard 2006) and No. 55 (revised 2006) and the Published Financial Statements as at and for nine month period ended 30 September 2009 has been prepared based on Statement oStandard No. 31.

For comparative purposes, certain accounts in the financial statement as at and for the period ended 30 September 2009 have been reclassified to conform with the presentatiin the financial statement as at and for the nine month period ended 30 September 2010.

On 22 September 2010 , the Board of Commissioners and Directors of the Bank OCBC NISP and Bank OCBC Indonesia approved the Merger Plan with regard to the merger Bank OCBC Indonesia. On 24 September 2010, the Merger Plan was submitted to Bapepam-LK as part of the registration documentation to obtain the effective statement. In The Board of Commissioners and Directors of both banks have recommended that Bank OCBC Indonesia will be merged into Bank OCBC NISP, and Bank OCBC NISP will beBank.


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BALANCE SHEETS

As at 30 September 2010 and 2009(in million Rupiah)

2010 2009No. Description

ASSETS

1 Cash 607 -

2 Current Accounts with Bank Indonesia 5,262 -

3 Bank Indonesia Wadiah Certificates 35,900 -

4 Placements with Other Banks - -

5 Allowance for Possible Losses -/- - -

6 Marketable Securities 172,153 -


8 Murabahah Receivables - -


10 Other Receivables - -11 Allowance for Possible Losses -/- - -

12 Mudharabah and Musyarakah Financing - -


14 Accrued Interest Receivables 723 -

15 Prepaid Expenses - -

16 Premises and Equipment - -

17 Accumulated Depreciation - -

18 Other Assets - net 44,440 -

TOTAL ASSETS 259,085 -


LIABILITIES

1 Wadiah Demand Deposits 100,858 -

2 Other Liabilities Immediately Payable 1 -

3 Liabilities to Bank Indonesia (FPJPS) - -

4 Liabilities to Other Banks 2,402 -

5 Securities Issued - -

6 Other Liabilities 152,755 -

7 Unrestricted Investment Funds - -

a. Mudharabah Saving Deposits - -

b. Mudharabah Time Deposits - -

8 Retained Earnings (Accumulated Losses) 3,069 -

Total Pasiva 259,085 -

STATEMENTS OF INCOME

For The Nine Month Period ended 30 September 2010 and 2009

(in million Rupiah)


A. INCOME FROM OPERATIONS

1 Murabahah Margin - -

2 Mudharabah Profit Sharing 1,508 -

3 Bonuses - -

4 Other Operating Income 6,641 -

B. TOTAL OPERATING INCOME 8,149 -

C Investors' Share on Returns of Unrestricted

Investment Funds

a. Bank - -

b. Non Bank - -

c. Bank Indonesia (FPJPS) - -

D TOTAL PROFIT SHARING - -

E Operating income after distribution of profit sharing

for investor of unrestricted investment funds 8,149 -

F EXPENSES FROM OPERATIONS

1 Wadiah Bonuses 2 -

2 Provision for Possible Losses on Earning Assets - -

3 General and Administrative Expenses 603 -

4 Personnel Expenses 2,610 -

5 Other Expenses 1,865 -

G TOTAL OPERATING EXPENSES 5,080 -

H INCOME (EXPENSES) FROM OPERATIONS - NET 3,069 -

I Non Operating Income - -

J Non Operating Expenses - -

K NON OPERATING INCOME (EXPENSES) - NET - -

L NET INCOME (LOSS) FOR CURRENT PERIOD 3,069 -

COMMITMENTS AND CONTINGENCIESAs at 30 September 2010 and 2009

(in million Rupiah)


1 Unused Financing Facilities Granted to Customers - -

2 Outstanding Irrevocable L/C - -

3 Guarantees (Kafalah) Issued


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Catatan :

-

-

Board of Sharia Supervision Sharia bussiness unit

Dr. Muhammad Anwar Ibrahim Koko Tjatur Rachmadi

Based on the Decision letter of Deputy Governor of Bank Indonesia No.11/11/Kep.DpG/2009 dated 8 September 2009 regarding approval inconducting sharia bussiness unit, Bank OCBC NISP started its banking activities based on the sharia principles on 12 October 2009.

The financial statements is prepared base on the Circular Letter of Bank Indonesia No. 7/56/DPbs dated 9 December 2005 as amended withCircular Letter of Bank Indonesia No. 8/11/DPbs dated 7 March 2006 regarding Annual Report, Quarterly and Monthly Published FinancialStatements and Certain Report submitted to Bank Indonesia.

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