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PT. Bank Rakyat Indonesia's 2023 Financial Highlights as Extracted from 2023 Annual Report

Consolidated Statement of Financial Position (In Rp Million) 2023 2022 2021 2020*) 2019 Consolidated Statement of Financial Position (In Rp Million)
ASSETS
Cash 31,603,784 27,407,478 26,299,973 32,274,988 30,219,214
Current Accounts with Bank Indonesia 101,909,121 150,935,150 56,426,573 51,530,969 71,416,449
Current Accounts with Other Banks - Net 87,545,335 91,869,777 73,012,684 80,005,759 127,092,463
Securities, Export Bills, Reverse Repo and Other Receivables 416,176,513 418,685,107 455,174,902 400,022,060 252,607,675
Government Recapitalization Bonds - - - - 1,130,306
Loans, Sharia Receivables, and Financing 1,266,429,247 1,139,077,065 1,042,867,453 1,020,192,968 907,388,986
Allowance for Loans Provided, Sharia Receivables, and Financing (85,501,888) (93,087,981) (87,829,417) (70,394,653) (39,196,369)
Derivative Receivables - net 911,683 911,405 730,083 1,576,659 210,396
Acceptances Receivables - net 9,967,710 7,031,064 9,066,005 6,271,176 9,346,063
Allowance for impairment losses - net 7,305,491 6,506,903 6,071,727 1,500,329 745,304
Fixed assets - net 59,678,119 55,216,047 47,970,187 43,706,632 31,432,629
Deferred Tax Assets - net 15,605,462 18,712,994 16,284,898 9,885,990 4,541,298
Other Assets - net 53,376,453 42,374,001 32,022,666 33,492,467 19,824,426
Total Assets 1,965,007,030 1,865,639,010 1,678,097,734 1,610,065,344 1,416,758,840
LIABILITIES, TEMPORARY SYIRKAH FUNDS, AND EQUITY
Liabilities
Deposits from Customers**) 1,358,328,761 1,307,884,013 1,138,743,215 1,121,102,149 1,021,196,659
Demand Deposits 346,124,372 349,755,590 220,590,197 193,077,994 174,927,804
Saving Deposits 527,945,550 522,647,920 497,676,739 475,848,207 414,332,525
Time Deposits 484,258,839 435,480,503 420,476,279 452,175,948 413,936,330
Immediate Liability 30,651,807 24,910,579 18,735,387 15,473,574 7,549,312
Deposits from Other Banks 11,958,319 9,334,547 13,329,434 23,785,997 17,969,829
Securities Sold Under Agreement to Repurchase 19,079,458 9,997,592 29,408,508 40,478,672 49,902,938
Fund Borrowings 98,850,813 79,371,200 68,458,547 72,164,236 30,921,771
Marketable Securities Issued 49,637,581 63,611,761 55,306,697 57,757,028 38,620,837
Other Liabilities 80,028,149 67,134,001 62,329,142 50,017,029 41,813,158
Total Liabilities**) 1,648,534,888 1,562,243,693 1,386,310,930 1,311,893,252 1,207,974,504
Equity
Capital stock 7,577,950 7,577,950 7,577,950 6,167,291 6,167,291
Additional paid-in-capital 75,853,127 75,637,083 76,242,898 3,411,813 2,900,994
Surplus revaluation of fixed assets - net 20,216,505 20,267,952 17,006,230 17,099,207 17,099,207
Differences arising from the translation of foreign currency financial statements (253,744) (127,954) (115,975) (54,749) (14,970)
Provision for bonus shares compensation 287,482 210,266 210,266 1,228,805 21,796
Unrealized gain (loss) on fair value through other comprehensive income securities - net of deferred tax (2,221,745) (4,464,483) 1,949,387 4,623,064 -
Allowance for impairment losses on fair value through other comprehensive income securities 128,230 139,978 547,026 975,877 -
Gain/(loss) on unrealized available-for-sale securities and Government Recapitalization Bonds - - - - 715,770
Gain/(loss) on remeasurement of defined benefit plan - net of deferred tax (2,134,699) (689,473) (1,423,685) (1,469,726) 189,519
 Treasury Stock (3,614,321) (2,202,178) (45,997) (1,649,076) (2,106,014)
Stock Option 54,769 16,356 19,255 72,894 22,409
Impact of transaction with non-controlling interest 1,758,580 1,758,580 1,758,580 - -
Merging entity equity - - - 29,538,484 -
Total Retained Earnings 213,711,422 201,169,934 185,009,048 166,972,167 181,327,431
Appropriated 3,022,685 3,022,685 3,022,685 3,022,685 3,022,685
Unappropriated 210,688,737 198,147,249 181,986,363 163,949,482 178,304,746
Total Equity Attributable to Equity Holders of the Parent Entity 311,363,556 299,294,011 288,734,983 226,916,051 206,323,433
Non-controlling Interest 5,108,586 4,101,306 3,051,821 2,550,831 2,460,903
Total Equity 316,472,142 303,395,317 291,786,804 229,446,882 208,784,336
Total Liabilities and Equity 1,965,007,030 1,865,639,010 1,678,097,734 1,610,065,344 1,416,758,840
Consolidated Statement of Profit or Loss and Other Comprehensive Income (In Rp Million) 2023 2022 2021 2020*) 2019 Consolidated Statement of Profit or Loss and Other Comprehensive Income (In Rp Million)
INCOME AND EXPENSES FROM OPERATIONS
Interest and Sharia Income - net 135,183,487 124,597,073 114,094,429 93,584,113 81,707,305
Premium income - net 2,161,392 1,577,323 1,043,075 878,710 1,010,728
Gold sales revenue – net ***) 319,644 299,151 - - -
Other Operating Income 45,625,785 39,127,694 41,215,807 38,099,755 28,439,130
Provision for allowance for impairment losses on financial assets - net (29,523,426) (27,384,906) (35,806,312) (33,024,492) (21,556,319)
Reversal of (provision for) allowance for estimated losses on commitments and contingencies - net 341,994 543,145 (3,321,266) (2,157,162) (608,271)
Provision for allowance for impairment losses nonfinancial assets - net (497,848) (137,431) (163,243) (98,374) (595,015)
Total other operating expenses (76,782,291) (74,316,012) (75,918,108) (67,503,849) (44,965,625)
Operating Income 76,828,737 64,306,037 41,144,382 29,778,701 43,431,933
Non Operating (expenses) Income - Net (399,025) 290,664 (152,317) 214,705 (67,880)
Income Before Tax Expense 76,429,712 64,596,701 40,992,065 29,993,406 43,364,053
Tax Expense (16,004,664) (13,188,494) (7,835,608) (8,951,971) (8,950,228)
Income Before Net Pro Forma Income Arising From Acquisition Transaction With Entities Under Common Control - - 33,156,457 21,041,435 -
Pro Forma Net Income Arising From Acquisition Transaction With Entities Under Common Control - - (2,400,691) (2,381,042) -
Net Income 60,425,048 51,408,207 30,755,766 18,660,393 34,413,825
Other comprehensive income:
Accounts that will not be reclassified to profit or loss
Remeasurement of liabilities for employee benefits (1,787,840) 902,754 487,841 (2,473,364) (1,291,782)
Income taxes related to items not to be reclassified to profit or loss 348,975 (176,671) (67,751) 464,563 322,945
Revaluation surplus arising from premises and equipment (82,365) 3,297,304 (92,127) 81,910 3,316,985
Items to be reclassified to profit or loss
Differences arising from the Translation of foreign currency financial statements (125,790) (11,979) (61,226) (39,780) (64,820)
Unrealized gain (loss) on Fair value through other Comprehensive Income Securities 1,782,067 (7,946,514) (3,143,546) 4,633,558 -
Allowance for impairment losses on fair value through other comprehensive income securities (9,105) (413,197) (425,090) 868,462 3,696,914
Income taxes related to items to be reclassified to profit or loss 502,669 1,509,279 478,796 (698,690) (895,470)
Other comprehensive income for the year - after tax 628,611 (2,839,024) (2,823,103) 2,836,659 5,084,772
Total Comprehensive Income For The Year Before Pro Forma Comprehensive Income Arising From Acquisition Transaction With Entities Under Common Control 61,053,659 48,569,183 30,333,354 23,878,094 -
Pro Forma Comprehensive Income Arising From Acquisition Transaction With Entities Under Common Control - - (2,776,220) (2,120,315) -
Total Comprehensive Income For The Year 61,053,659 48,569,183 27,557,134 21,757,779 39,498,597
Income For The Year Attributable To:
Equity holders of the parent entity 60,099,863 51,170,312 31,066,592 18,654,753 34,372,609
Non-controlling Interest 325,185 237,895 (310,826) 5,640 41,216
Total 60,425,048 51,408,207 30,755,766 18,660,393 34,413,825
Total Comprehensive Income For The Year Attributable To:
Equity holders of the parent entity 60,708,390 48,333,349 27,855,902 21,727,515 39,403,628
Non-controlling Interest 345,269 235,834 (298,768) 30,264 94,969
Total 61,053,659 48,569,183 27,557,134 21,757,779 39,498,597
Earnings Per Share Attributable To Equity Holders Of The Parent Entity (full Rupiah)
Basic 398 338 238 152 281
Diluted 398 338 238 151 281
Consolidated Statement Of Cash Flows (In Rp Million) 2023 2022 2021 2020*) 2019 Consolidated Statement Of Cash Flows (In Rp Million)
CASH FLOWS FROM OPERATING ACTIVITIES
Income received
Interest and investment income 169,068,778 130,501,831 136,283,648 125,439,096 117,464,011
Sharia income 12,922,019 10,118,043 6,257,927 6,853,944 3,376,547
Premium income 8,996,516 8,936,995 6,989,783 6,205,775 5,373,757
Income from Gold sales 7,982,888 8,715,106 - - -
Expense paid
Interest expense (42,461,798) (25,762,613) (28,533,680) (39,883,405) (38,666,742)
Sharia expense (1,161,971) (1,008,042) (1,293,103) (2,297,043) (1,377,133)
Claim expense (6,549,595) (7,359,672) (5,946,708) (5,327,065) (4,363,029)
Expenses for the cost of goods sold for gold (7,663,244) (7,875,955) - - -
Recovery of written-off assets 16,833,578 12,468,321 9,005,760 7,252,171 7,065,981
Other operating income 29,267,943 27,534,502 34,345,472 31,580,969 22,213,637
Other operating expenses (75,776,851) (70,993,349) (73,658,162) (63,609,646) (46,257,369)
Non-operating expense - net (568,000) (52,531) (203,971) 179,491 (68,021)
Payment of corporate income tax (14,279,292) (15,762,408) (11,164,431) (5,936,444) (9,357,307)
Cash flows before changes in operating assets and liabilities 96,610,971 68,920,228 72,082,535 60,457,843 55,404,332
Changes in operating assets and liabilities:
Decrease (Increase) in operating assets:
Placement with Bank Indonesia and Other Financial Institutions (505,646) (195,110) 945,891 264,550 (2,854,149)
Securities measured at fair value through profit or loss (1,277,298) (2,114,619) 9,164,531 (12,440,166) (12,637,154)
Export bills and other receivables (14,828,029) (9,403,150) (2,091,221) 6,744,495 (6,172,212)
Securities purchased under agreement to resell 17,419,447 3,900,820 (8,096,930) (24,236,324) (13,185,691)
Loans (152,128,249) (106,917,972) (68,377,027) (80,715,775) (74,427,400)
Sharia receivables and financing (3,335,688) (1,354,828) 39,905,977 (23,299,281) (6,025,669)
Finance receivables (5,720,404) (9,996,487) (11,951,573) (23,148,260) (803,779)
Other assets (16,170,249) (2,941,947) 1,422,631 23,311,739 6,655,602
Increase (decrease) in operating liabilities:
Liabilities due immediately 5,741,228 6,175,192 3,261,813 7,924,262 (913,645)
Deposits:
Demand Deposits (3,631,218) 129,165,393 35,741,846 16,022,216 (9,271,846)
Wadiah Demand Deposits - - (6,258,078) 4,237,212 (256,984)
Saving Deposits 5,297,630 24,971,180 37,005,372 55,315,884 25,436,778
Wadiah Saving Deposits - - (9,247,604) 2,295,916 1,349,877
Time Deposits 48,778,336 15,004,224 (5,923,271) 13,175,897 55,810,139
Deposits from Other Banks and other financial institutions 2,623,772 (3,994,882) (10,456,563) 5,816,168 8,838,671
Derivative Payables - - (208,079) 223,169 -
Securities sold under agreement to repurchase 9,081,866 (19,410,916) (11,070,164) (9,424,266) 12,523,543
Others liabilities 7,072,077 5,698,879 235,264 (1,398,837) 1,252,567
Decrease of temporary syirkah fund - - (33,496,976) 8,678,142 3,859,957
Net cash provided by operating activities (4,971,454) 97,506,005 32,588,374 29,804,584 44,582,937
CASH FLOWS FROM INVESTING ACTIVITIES
Sales from premises and equipments 168,975 343,195 51,654 35,214 141
Investment in associated entities 36,137 (145,649) (315,724) (284,347) (228,110)
Dividend income 75,572 144,069 4,349 5,530 5,857
Acquisition of premises and equipments (8,177,296) (10,538,233) (8,254,116) (4,375,066) (3,695,364)
(Increase) available-for-sale and held-to-maturity securities and Government Recapitalization Bonds - - - - (1,270,825)
Decrease/(increase) in securities measured at fair value through other comprehensive income and amortized cost 2,907,520 37,424,578 (64,581,768) (111,830,687) -
Net cash provided by/(used in) investing activities (4,989,092) 27,227,960 (73,095,605) (116,449,356) (5,188,301)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from/(payments of) borrowing 19,360,539 11,068,534 (4,229,199) 41,131,054 (9,592,989)
Distribution of dividend income (43,494,766) (26,406,603) (12,125,589) (20,623,565) (16,175,565)
Receipt of subordinated securities 494,142 - - - -
Payments of subordinated securities (500,000) - - - -
Proceeds from marketable securities issued 14,112,994 21,739,525 12,547,672 12,619,200 12,102,950
Payments of marketable securities due (28,141,850) (14,650,023) (14,608,236) (11,245,300) (4,419,500)
Additional capital - - 41,059,206 - -
Repurchased shares (1,382,284) (2,187,544) - - -
Net cash provided by/(used in) financing activities (39,551,225) (10,436,111) 22,643,854 21,881,389 (18,085,104)
Net Increase (Decrease) In Cash And Cash Equivalents 49,511,771 114,297,854 (17,863,377) (64,763,383) 21,309,532
Effect Of Exchange Rate Changes On Foreign Currencies (2,663) (30,287) (2,190) (352,878) (160,251)
Cash And Cash Equivalents At Beginning Of The Year 268,192,168 153,924,601 171,790,168 236,906,429 215,757,148
Cash And Cash Equivalents At The End Of The Year 218,677,734 268,192,168 153,924,601 171,790,168 236,906,429
Cash and cash equivalents at the end of the period consist of:
Cash 31,603,784 27,407,478 26,299,973 32,274,988 30,219,214
Current accounts with Bank Indonesia 101,909,121 150,935,150 56,426,573 51,530,969 71,416,449
Demand Deposits with Other Banks 22,331,919 21,488,434 14,065,097 12,266,266 10,237,736
Placement with Bank Indonesia and other financial institutions - maturing within three months or less since the acquisition date 62,678,940 68,361,106 57,132,958 65,043,738 113,800,580
Certificates of Bank Indonesia and Deposits Certificates of Bank Indonesia - maturing within three months or less since the acquisition date 153,970 - - 10,674,207 11,232,450
Total Cash and Cash Equivalent 218,677,734 268,192,168 153,924,601 171,790,168 236,906,429
Financial Ratio (Bank Only) 2023 2022 2021 2020*) 2019 Financial Ratio (Bank Only)
Liquidity
LDR 84.73% 79.17% 83.67% 83.66% 88.64%
Loan Quality
NPL Gross 3.12% 2.82% 3.08% 2.94% 2.62%
NPL Nett 0.76% 0.73% 0.70% 0.80% 1.04%
NPL Coverage 215.27% 291.54% 278.14% 247.98% 166.59%
Profitability
NIM 6.84% 6.80% 6.89% 6.00% 6.98%
BOPO 64.35% 64.20% 74.30% 81.22% 70.10%
CER 38.32% 41.33% 44.39% 46.60% 40.26%
ROA 3.93% 3.76% 2.72% 1.98% 3.50%
ROE – Tier I 22.94% 20.93% 16.87% 11.05% 19.41%
Profit (loss) to income ratio 28.03% 29.50% 21.19% 13.27% 23.78%
Liabilities to Total Assets ratio 83.72% 83.23% 81.79% 86.33% 84.84%
Liability to Equity Ratio 514.34% 496.34% 449.11% 631.52% 559.45%
Earning Assets
Earning Assets and Non-performing Non-Earning to Total Earning Assets and Non-Earning Assets 1.95% 1.72% 1.77% 1.82% 1.74%
Non-performing Earning Assets to Total Earning Assets 1.95% 1.72% 1.77% 1.81% 1.98%
Allowance for Impairment Losses on Financial Assets to Earning Assets 5.24% 6.11% 6.16% 5.42% 3.36%
Capital
Minimum Capital Adequacy Ratio 25.23% 23.30% 25.28% 20.61% 22.55%
Capital Adequacy Ratio Tier 1 24.06% 22.30% 24.27% 19.59% 21.52%
Compliance
Percentage of Legal Lend ing Limit Violation
- Related parties Nihil Nihil Nihil Nihil Nihil
- Non-related Parties Nihil Nihil Nihil Nihil Nihil
Percentage of Lending in Excess of Legal Lending Limit
- Related parties Nihil Nihil Nihil Nihil Nihil
- Non-related Parties Nihil Nihil Nihil Nihil Nihil
Reserve Requirement - Rupiah 8.05% 12.11% 4.47% 3.19% 6.15%
Reserve Requirement - Foreign Currency 4.22% 4.24% 4.13% 4.01% 8.07%
Net Open Position 0.62% 0.85% 0.81% 1.07% 1.87%
Other Ratio
Cost To Revenue Ratio (consolidated) 37.74% 41.95% 43.26% 45.40% 40.03%

*) Restated regarding the implementation of Statement of Financial Accounting Standards No. 38
**) Includes mudharabah and musyarakah deposits
***) Recognition of gold sales originating from PT Pegadaian is recognized since Pegadaian’s profit and loss is fully consolidated in 2022.