PT Bank Central Asia Tbk : Financial Report June 2022

PT BANK CENTRAL ASIA Tbk & Subsidiaries

STATEMENTS OF FINANCIAL POSITION

As of June 30, 2022 & December 31, 2021

(In millions of Rupiah)

		INDIVIDUAL	CONSOLIDATED
No.	ACCOUNTS	Unaudited	Audited	Unaudited	Audited
		Jun 30, 2022	Dec 31, 2021	Jun 30, 2022	Dec 31, 2021
	ASSETS
1.	Cash	15,497,112	23,607,364	15,527,363	23,615,635
2.	Placement with Bank Indonesia	194,190,470	133,302,108	196,460,092	135,020,049
3.	Placement with other banks	15,180,713	28,114,587	16,797,805	29,523,621
4.	Spot and derivative/forward receivables	185,718	1,330,085	185,828	1,330,085
5.	Securities	229,624,775	222,804,896	238,009,982	231,066,100
6.	Securities sold under repurchase agreement (repo)	-	-	22,733	79,748
7.	Claims on securities bought under reverse repo	94,522,121	145,529,001	97,074,684	147,066,103
8.	Acceptance receivables	14,596,111	11,460,314	14,596,111	11,460,314
9.	Loans and financing	656,872,451	620,640,134	668,196,067	630,653,538
10.	Sharia financing	-	-	7,072,664	6,248,459
11.	Equity investment	10,193,904	10,193,904	842,561	841,711
12.	Other financial assets	9,796,226	9,768,580	10,950,621	10,758,103
13.	Impairment on financial assets -/-	(36,320,457)	(33,016,176)	(37,532,763)	(34,093,869)
	a. Securities	(208,626)	(196,218)	(221,084)	(209,381)
	b. Loans and Sharia financing	(35,721,315)	(32,189,591)	(36,905,680)	(33,238,656)
	c. Others	(390,516)	(630,367)	(405,999)	(645,832)
14.	Intangible assets	2,349,442	2,270,402	3,689,195	3,605,958
	Accumulated amortization on intangible asset -/-	(1,979,122)	(1,859,328)	(2,155,405)	(2,023,666)
15.	Fixed assets and equipment	29,729,760	29,940,202	30,973,374	31,108,373
	Accumulated depreciation on fixed assets and equipment -/-	(8,477,230)	(8,481,767)	(8,980,125)	(8,939,074)
16.	Non earning assets	1,443,877	1,338,993	1,597,530	1,523,208
	a. Abandoned property	46,130	38,893	66,492	54,501
	b. Foreclosed assets	1,360,081	1,233,051	1,493,368	1,401,658
	c. Suspense accounts	18,643	13,967	18,647	13,967
	d. Interbranch assets	19,023	53,082	19,023	53,082
17.	Other assets	10,297,421	8,548,500	11,139,602	9,500,284
	TOTAL ASSETS	1,237,703,292	1,205,491,799	1,264,467,919	1,228,344,680

PT BANK CENTRAL ASIA Tbk & Subsidiaries

STATEMENTS OF FINANCIAL POSITION

As of June 30, 2022 & December 31, 2021

				(In millions of Rupiah)
		INDIVIDUAL	CONSOLIDATED
No.	ACCOUNTS	Unaudited	Audited	Unaudited	Audited
		Jun 30, 2022	Dec 31, 2021	Jun 30, 2022	Dec 31, 2021
	LIABILITIES AND EQUITIES
	LIABILITIES
1.	Current account	303,349,942	284,639,503	304,808,299	285,639,525
2.	Saving account	510,220,703	479,404,641	513,003,350	481,372,612
3.	Time deposit	185,536,421	202,939,420	193,230,972	208,936,634
4.	Electronic money	1,042,830	935,221	1,042,830	935,221
5.	Liabilities to Bank Indonesia	577	577	577	577
6.	Liabilities to other banks	7,147,890	10,039,091	7,094,427	10,017,194
7.	Spot and derivative/forward liabilities	871,646	55,162	871,646	55,162

8. Liabilities on securities sold under repurchase

		agreement (repo)	-	-	20,214	77,021
	9.	Acceptance liabilities	9,105,773	6,644,294	9,105,773	6,644,294
	10.	Issued securities	500,000	500,000	982,646	982,149
	11.	Loans/financing received	795	417	755,090	975,648
	12.	Margin deposit	248,400	229,304	248,657	229,556
	13.	Interbranch liabilities	8,305	6,904	8,305	6,904
	14.	Other liabilities	25,215,765	25,385,703	30,166,540	29,623,249
	15.	Minority interest	-	-	141,783	136,172
		TOTAL LIABILITIES	1,043,249,047	1,010,780,237	1,061,481,109	1,025,631,918
		EQUITIES
	16.	Paid in capital	1,540,938	1,540,938	1,540,938	1,540,938
		a. Capital	5,500,000	5,500,000	11,500,000	11,500,000
		b. Unpaid capital -/-	(3,959,062)	(3,959,062)	(9,959,062)	(9,959,062)
		c. Treasury stock -/-	-	-	-	-
	17.	Additional paid in capital	5,711,368	5,711,368	5,548,977	5,548,977
		a. Agio	5,711,368	5,711,368	5,711,368	5,711,368
		b. Disagio -/-	-	-	-	-
		c. Fund for paid up capital	-	-	-	-
		d. Others	-	-	(162,391)	(162,391)
	18.	Other comprehensive income	9,497,830	12,455,457	10,037,228	13,023,485
		a. Gains	12,522,435	15,480,062	13,056,469	16,042,726
		b. Losses -/-	(3,024,605)	(3,024,605)	(3,019,241)	(3,019,241)
	19.	Reserves	2,826,792	2,512,565	2,826,792	2,512,565
		a. General reserves	2,826,792	2,512,565	2,826,792	2,512,565
		b. Appropriated reserves	-	-	-	-
	20.	Gain/loss	174,877,317	172,491,234	183,032,875	180,086,797
		a. Previous years	172,180,847	154,811,304	179,776,410	162,396,977
		b. Current Year	17,489,476	31,412,770	18,049,471	31,422,660
		c. Dividends paid -/-	(14,793,006)	(13,732,840)	(14,793,006)	(13,732,840)
		TOTAL EQUITIES	194,454,245	194,711,562	202,986,810	202,712,762
		TOTAL LIABILITIES AND EQUITIES	1,237,703,292	1,205,491,799	1,264,467,919	1,228,344,680

PT BANK CENTRAL ASIA Tbk & Subsidiaries

STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the Periods Ended June 30, 2022 & 2021

(In millions of Rupiah)

		INDIVIDUAL	CONSOLIDATED
No.	ACCOUNTS	Unaudited	Unaudited	Unaudited	Unaudited
		Jun 30, 2022	Jun 30, 2021	Jun 30, 2022	Jun 30, 2021
OPERATIONAL INCOME AND EXPENSES
A. Interest income and expenses
1.	Interest income	31,811,292	31,197,824	33,749,766	33,124,257
2.	Interest expenses	3,807,707	4,721,739	3,976,456	4,846,470
	Net interest income (expenses)	28,003,585	26,476,085	29,773,310	28,277,787
B. Other operational income and expenses
1.	Gains (losses) from increase (decrease) fair value on financial
	assets	(1,956,465)	(910,001)	(1,955,508)	(902,314)
2.	Gains (losses) from decrease (increase) fair value on financial
	liabilities	-	-	-	-
3.	Gains (losses) on sale of financial assets	(364,923)	268,986	(343,314)	295,615
4.	Gains (losses) on spot and derivatives/forward (realised)	791,465	846,937	793,551	854,015
5.	Gains (losses) on investment under equity method	-	-	-	-
6.	Gains (losses) from translation of foreign currency transactions	1,950,993	757,331	1,955,458	758,979
7.	Dividend income	489,861	327,605	35,385	2,252
8.	Commission/provision/fee and administration income	8,112,600	7,028,436	8,170,663	7,106,280
9.	Other income	903,714	664,779	2,466,594	2,095,623
10.	Impairment of financial assets	3,509,313	6,378,717	3,726,935	6,546,228
11.	Losses on operational risk	10,268	2,913	10,445	2,996
12.	Personnel expenses	6,452,716	6,370,365	7,196,148	6,978,343
13.	Promotion expenses	352,545	285,184	477,958	393,837
14.	Others expenses	6,208,496	5,534,343	7,369,001	6,849,028
	Net Other Operational Income (Expenses)	(6,606,093)	(9,587,449)	(7,657,658)	(10,559,982)
	OPERATIONAL PROFIT (LOSS)	21,397,492	16,888,636	22,115,652	17,717,805
NON OPERATIONAL INCOME AND EXPENSES
1.	Gains (losses) on sale of fixed assets and equipment	(2,460)	1,234	(1,432)	7,094
2.	Other non operational income (expenses)	64,418	78,640	184,213	150,134
	NON OPERATIONAL PROFIT (LOSS)	61,958	79,874	182,781	157,228
	CURRENT PERIOD PROFIT (LOSS) BEFORE TAX	21,459,450	16,968,510	22,298,433	17,875,033
	Income tax	3,969,974	3,160,777	4,242,024	3,411,177
	a. Estimated current period tax	4,462,712	3,858,366	4,725,707	4,129,597
	b. Deferred tax income (expenses)	492,738	697,589	483,683	718,420
	NET PROFIT (LOSS) AFTER TAX	17,489,476	13,807,733	18,056,409	14,463,856
	NET PROFIT (LOSS) OF MINORITY INTEREST			6,938	7,991
OTHER COMPREHENSIVE INCOME
1.	Items that will not be reclassified subsequently to
	profit or loss
	a. Revaluation surplus of fixed assets	(3,840)	-	(3,840)	-
	b. Gains (losses) from actuary benefit program	-	-	-	-
	c. Others	-	-	-	-
2.	Items that will be reclassified subsequently to
	profit or loss
	a. Gains (losses) arising from translation of financial statements in
	foreign currency	-	-	22,048	16,580
	b. Gains (losses) from changes in fair value of financial assets-
	debt instruments measured through other comprehensive
	income	(2,953,787)	(1,031,221)	(3,005,792)	(1,048,241)
	c. Others	-	-	-	-
	OTHER COMPREHENSIVE INCOME FOR THE PERIOD AFTER
	INCOME TAX	(2,957,627)	(1,031,221)	(2,987,584)	(1,031,661)
	TOTAL COMPREHENSIVE PROFIT (LOSS) FOR THE PERIOD	14,531,849	12,776,512	15,068,825	13,432,195
	Net Profit (Loss) Attributable To :
	OWNERS OF THE PARENT	17,489,476	13,807,733	18,049,471	14,455,865
	NON-CONTROLLING INTEREST			6,938	7,991
	NET PROFIT (LOSS)	17,489,476	13,807,733	18,056,409	14,463,856
	Total Comprehensive Profit (Loss) Attributable To :
	OWNERS OF THE PARENT	14,531,849	12,776,512	15,063,214	13,424,819
	NON-CONTROLLING INTEREST			5,611	7,376
	TOTAL COMPREHENSIVE PROFIT (LOSS) FOR THE PERIOD	14,531,849	12,776,512	15,068,825	13,432,195
	DIVIDEND	(14,793,006)	(10,650,964)	(14,793,006)	(10,650,964)
	EARNINGS PER SHARE (in full amount)			146	117*)

*) Earning per share for the period ended June 30, 2021, restated in relation to stock split.

PT BANK CENTRAL ASIA Tbk & Subsidiaries

CONSOLIDATED STATEMENTS OF CASH FLOWS

For the Periods Ended June 30, 2022 & 2021

(In millions of Rupiah)

				CONSOLIDATED
No.			ACCOUNTS	Unaudited	Unaudited
				Jun 30, 2022	Jun 30, 2021
I.	CASH FLOWS FROM OPERATING ACTIVITIES
	1.	Receipts of interest and sharia income, fees and commissions	42,596,659	40,910,185
	2.	Other operating income	2,734,297	2,251,828
	3.	Payments of interest and sharia expenses, fees and commissions	(4,012,968)	(4,857,470)
	4.	(Loss) gain from foreign exchange transactions - net	2,260,156	1,760,772
	5.	Other operating expenses	(14,551,966)	(13,757,468)
	6.	Payment of tantiem to Board of Commissioners and Directors	(493,000)	(440,390)
	7.	Other increases/decreases affecting cash :
		a. Placements with Bank Indonesia and other banks - mature more than
			3 (three) months from the date of acquisition	9,259,520	(3,115,668)
		b. Financial assets measured at fair value through profit and loss	(1,500,049)	970,627
		c. Acceptance receivables	(3,135,797)	(2,536,388)
		d. Bills receivable	796,712	2,045,223
		e. Securities purchased under agreements to resell	49,991,420	16,245,842
		f.	Loans receivable	(36,306,955)	(4,658,012)
		g. Consumer financing receivables	(759,690)	(463,387)
		h. Finance lease receivables - net	(7,796)	10,955
		i. Assets related to sharia transactions	(885,085)	(406,116)
		j.	Other assets	39,426	443,217
		k.	Deposits from customers	31,659,860	52,439,694
		l.	Sharia deposits	566,726	478,771
		m. Deposits from other banks	(3,038,136)	(3,833,064)
		n. Acceptance payables	2,461,479	1,938,498
		o. Accruals and other liabilities	1,493,860	264,959
		p. Temporary syirkah deposits	(133,927)	(361,755)
		Net cash provided by (used in) operating activities before income tax	79,034,746	85,330,853
	8.	Payment of income tax	(4,940,351)	(4,203,079)
	Net cash provided by (used in) operating activities	74,094,395	81,127,774
II.	CASH FLOWS FROM INVESTING ACTIVITIES
	1.	Proceeds from sales of investment securities	125,000	2,831
	2.	Acquisition of investment securities	(71,590,700)	(55,005,497)
	3.	Proceeds from investment securities that matured during the year	63,041,902	38,145,850
	4.	Cash dividends received from investment in shares	35,385	2,252
	5.	Payment for acquisition activities	-	-
	6.	Acquisition of fixed assets	(1,111,037)	(1,261,462)
	7.	Acquisition of leased assets	(166,625)	(103,511)
	8.	Proceeds from sale of fixed assets	2,937	8,549
	Net cash provided by (used in) investing activities	(9,663,138)	(18,210,988)
III.	CASH FLOWS FROM FINANCING ACTIVITIES
	1.	Proceeds from borrowings	11,579,703	47,607,182
	2.	Payment of borrowings	(11,806,070)	(48,654,990)
	3.	Payments of cash dividens	(14,793,006)	(10,650,964)
	4.	Proceeds from securities sold under repurchase agreements to repurchase	554,414	387,862
	5.	Payment of securities sold under repurchase agreements to repurchase	(617,810)	(344,751)
	Net cash provided by (used in) financing activities	(15,082,769)	(11,655,661)
	NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	49,348,488	51,261,125
	CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	177,268,685	106,271,237
	EFFECT OF FOREIGN EXCHANGE RATE FLUCTUATIONS ON CASH AND CASH
		EQUIVALENTS	476,535	106,032
	CASH AND CASH EQUIVALENTS, END OF PERIOD	227,093,708	157,638,394
IV.	CASH AND CASH EQUIVALENTS CONSIST OF :
	1.	Cash	15,527,363	15,425,030
	2.	Current accounts with Bank Indonesia	86,598,317	53,542,212
	3.	Current accounts with other banks	9,789,005	11,508,394
	4.	Placements with Bank Indonesia and other banks - mature within 3 (three)
		months or less from the date of acquisition	115,179,023	77,162,758
	Total cash and cash equivalents	227,093,708	157,638,394

PT BANK CENTRAL ASIA Tbk

FINANCIAL RATIOS CALCULATION

As of June 30, 2022 & 2021

		Ratio	Unaudited	Unaudited
		Jun 30, 2022	Jun 30, 2021
Performance Ratio
1.	Capital Adequacy Ratio (CAR)	24.72%	25.33%
2.	Non performing earning assets and non earning assets
	to total earning assets and non earning assets	1.14%	1.21%
3.	Non perfoming earning assets to total earning assets	1.04%	1.09%
4.	Allowance for impairment on financial assets to earning
	assets	3.21%	3.17%
5.	Gross NPL	2.21%	2.39%
6.	Net NPL	0.69%	0.90%
7.	Return on Asset (ROA)	3.47%	3.14%
8.	Return on Equity (ROE)	19.56%	16.63%
9.	Net Interest Margin (NIM)	4.98%	5.25%
10.	Operating Expenses to Operating Income (BOPO)	52.38%	60.28%
11.	Cost to Income Ratio (CIR) *	38.92%	38.23%
12.	Cost to Income Ratio (CIR) **	34.34%	34.38%
13.	Loan to Deposit Ratio (LDR)	63.47%	62.35%
Compliance
1.	a. Percentage Violation of Legal Lending Limit
	i.	Related parties	0.00%	0.00%
	ii. Non related parties	0.00%	0.00%
	b. Percentage Lending in excess of Legal Lending Limit
	i.	Related Parties	0.00%	0.00%
	ii. Non related parties	0.00%	0.00%
2.	Reserve Requirement
	a. Primary Reserve Requirement (Rupiah)
	-	Daily	0.00%	0.00%
	-	Average	5.31%	3.02%
	b. Reserve Requirement (Foreign currencies) - daily	2.00%	2.00%
3.	Net Open Position	0.73%	0.26%

• In accordance with Financial Services Authority Circular Letter No. 9/SEOJK.03/2020 presented with the calculation of gains from trading transaction and foreign currencies on operational income; and losses from trading transaction and foreign currencies on operational expenses.
• Based on accounting standard presented at net amount of gains and losses from trading transaction and foreign currencies on operational income.

Jakarta, July 28, 2022

PT BANK CENTRAL ASIA Tbk

S.E & O

Jahja Setiaatmadja	Vera Eve Lim
President Director	Director