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PT. Bank Rakyat Indonesia's 2024 Financial Highlights as Extracted from 2024 Annual Report

Consolidated Statement of Financial Position (In Rp Million) 2024 2023 2022 2021 2020*) Consolidated Statement of Financial Position (In Rp Million)
ASSETS
Cash 29,783,642 31,603,784 27,407,478 26,299,973 32,274,988
Current Accounts with Bank Indonesia 88,878,969 101,909,121 150,935,150 56,426,573 51,530,969
Current Accounts with Other Banks - Net 83,448,015 87,545,335 91,869,777 73,012,684 80,005,759
Securities, Export Bills, Reverse Repo and Other Receivables 382,903,830 416,411,206 418,732,147 455,174,902 400,022,060
Loans, Sharia Receivables, and Financing 1,354,640,779 1,266,429,247 1,139,077,065 1,042,867,453 1,020,192,968
Allowance for Loans Provided, Sharia Receivables, and Financing (81,063,511) (85,501,888) (93,087,981) (87,829,417) (70,394,653)
Derivative Receivables - net 1,087,048 911,683 911,405 730,083 1,576,659
Acceptances Receivables - net 9,783,690 9,967,710 7,031,064 9,066,005 6,271,176
Allowance for impairment losses - net 8,076,567 7,305,491 6,506,903 6,071,727 1,500,329
Fixed assets - net 62,477,965 59,678,119 55,216,047 47,970,187 43,706,632
Deferred Tax Assets - net 12,867,477 15,605,462 18,712,994 16,284,898 9,885,990
Other Assets - net 40,098,976 53,141,760 42,326,961 32,022,666 33,492,467
Total Assets 1,992,983,447 1,965,007,030 1,865,639,010 1,678,097,734 1,610,065,344
LIABILITIES, TEMPORARY SYIRKAH FUNDS, AND EQUITY
Liabilities
Deposits from Customers**) 1,365,450,104 1,358,328,761 1,307,884,013 1,138,743,215 1,121,102,149
Giro Current Account 374,554,340 346,124,372 349,755,590 220,590,197 193,077,994
Saving 544,426,947 527,945,550 522,647,920 497,676,739 475,848,207
Saving Deposits 446,468,817 484,258,839 435,480,503 420,476,279 452,175,948
Current Liabilities 36,821,661 30,651,807 24,910,579 18,735,387 15,473,574
Deposits from Other Banks 14,679,482 11,958,319 9,334,547 13,329,434 23,785,997
Securities Sold Under Agreement to Repurchase 25,043,717 19,079,458 9,997,592 29,408,508 40,478,672
Fund Borrowings 127,879,804 98,850,813 79,371,200 68,458,547 72,164,236
Marketable Securities Issued 32,502,499 49,637,581 63,611,761 55,306,697 57,757,028
Other Liabilities 67,417,133 80,028,149 67,134,001 62,329,142 50,017,029
Total Liabilities 1,669,794,400 1,648,534,888 1,562,243,693 1,386,310,930 1,311,893,252
Equity
Capital stock 7,577,950 7,577,950 7,577,950 7,577,950 6,167,291
Additional paid-in-capital 75,880,223 75,853,127 75,637,083 76,242,898 3,411,813
Surplus revaluation of fixed assets - net 20,222,379 20,216,505 20,267,952 17,006,230 17,099,207
Exchange rate differences arising from translation of financial statement in foreign currencies (204,632) (253,744) (127,954) (115,975) (54,749)
Provision for bonus shares compensation 452,031 287,482 210,266 210,266 1,228,805
Unrealized gains / (loss) on securities classified as fair value through other comprehensive income - net (2,196,060) (2,221,745) (4,464,483) 1,949,387 4,623,064
Allowance for impairment losses on fair value through other comprehensive income securities 51,931 128,230 139,978 547,026 975,877
Benefits (or loss) of re-measurement of reward programs Pasti - net (505,787) (2,134,699) (689,473) (1,423,685) (1,469,726)
Recoverable capital stock (Treasury Stocks) (4,349,007) (3,614,321) (2,202,178) (45,997) (1,649,076)
Stock Option 313,404 54,769 16,356 19,255 72,894
Impact of transaction with non-controlling interest 1,758,580 1,758,580 1,758,580 1,758,580 -
Merging entity equity - - - - 29,538,484
Total Retained Earnings 218,092,826 213,711,422 201,169,934 185,009,048 166,972,167
Appropriated 3,022,685 3,022,685 3,022,685 3,022,685 3,022,685
Unappropriated 215,070,141 210,688,737 198,147,249 181,986,363 163,949,482
Total Equity Attributable to Equity Holders of the Parent Entity 317,093,838 311,363,556 299,294,011 288,734,983 226,916,051
Non-controlling Interest 6,095,209 5,108,586 4,101,306 3,051,821 2,550,831
Total Equity 323,189,047 316,472,142 303,395,317 291,786,804 229,446,882
Total Liabilities and Equity 1,992,983,447 1,965,007,030 1,865,639,010 1,678,097,734 1,610,065,344
Consolidated Statement of Profit or Loss and Other Comprehensive Income (In Rp Million) 2024 2023 2022 2021 2020*) Consolidated Statement of Profit or Loss and Other Comprehensive Income (In Rp Million)
INCOME AND EXPENSES FROM OPERATION
Total Interest and Sharia Income - net 199,266,252 181,214,528 151,874,816 143,523,329 135,764,561
Total Beban Bunga dan Syariah (57,209,062) (43,812,507) (27,277,743) (29,428,900) (42,180,448)
Total Interest and Sharia Income - net 142,057,190 137,402,021 124,597,073 114,094,429 93,584,113
Premium income - net 3,250,480 2,161,392 1,577,323 1,043,075 878,710
Gold sales revenue – net ***) 703,197 319,644 299,151 - -
Other Operating Income 53,857,740 43,407,251 39,127,694 41,215,807 38,099,755
Provision for allowance for impairment losses on financial assets - net (41,757,637) (29,523,426) (27,384,906) (35,806,312) (33,024,492)
Reversal of (provision for) allowance for estimated losses on commitments and contingencies - net 3,596,482 341,994 543,145 (3,321,266) (2,157,162)
Provision for allowance for impairment losses nonfinancial assets - net (13,008) (497,848) (137,431) (163,243) (98,374)
Other operating expenses (83,116,426) (76,782,291) (74,316,012) (75,918,108) (67,503,849)
Operating Income 78,578,018 76,828,737 64,306,037 41,144,382 29,778,701
Non Operating (expenses) Income - Net (978,908) (399,025) 290,664 (152,317) 214,705
Income Before Tax Expense 77,599,110 76,429,712 64,596,701 40,992,065 29,993,406
Tax Expense (16,955,302) (16,004,664) (13,188,494) (7,835,608) (8,951,971)
Income Before Net Pro Forma Income Arising From Acquisition Transaction With Entities Under Common Control 60,643,808 60,425,048 51,408,207 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 60,643,808 60,425,048 51,408,207 30,755,766 18,660,393
Other comprehensive income:
Accounts that will not be reclassified to profit or loss
Remeasurement of liabilities for employee benefits 2,001,031 (1,787,840) 902,754 487,841 (2,473,364)
Income taxes related to items not to be reclassified to profit or loss (376,095) 348,975 (176,671) (67,751) 464,563
Fixed assets revaluation surplus 9,670 (82,365) 3,297,304 (92,127) 81,910
Items to be reclassified to profit or loss
Exchange rate differences arising from the translation of financial statement in foreign cur-rencies (49,112) (125,790) (11,979) (61,226) (39,780)
Unrealized gain (loss) on securities and Govern-ment Recapitalization Bonds classified as fair value through other comprehensive income (145,799) 1,782,067 (7,946,514) (3,143,546) 4,633,558
Allowance for impair-ment losses on securities classified as fair value through ither compre-hensive income (86,410) (9,105) (413,197) (425,090) 868,462
Unrealized gain (loss) on securities and Govern-ment Recapitalization Bonds available for sale
Income taxes related to items to be reclassified to profit or loss 36,285 502,669 1,509,279 478,796 (698,690)
Other comprehensive income for the year - after tax 1,487,794 628,611 (2,839,024) (2,823,103) 2,836,659
Total Comprehensive Income For The Year Before Pro Forma Comprehensive Income Arising From Acquisition Transaction With Entities Under Common Control 62,131,602 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 62,131,602 61,053,659 48,569,183 27,557,134 21,757,779
Income For The Year Attributable To:
Equity holders of the parent entity 60,154,887 60,099,863 51,170,312 31,066,592 18,654,753
Non-controlling Interest 488,921 325,185 237,895 (310,826) 5,640
Total 60,643,808 60,425,048 51,408,207 30,755,766 18,660,393
Total Comprehensive Income For The Year Attributable To:
Equity holders of the parent entity 61,788,171 60,708,390 48,333,349 27,855,902 21,727,515
Non-controlling Interest 343,431 345,269 235,834 (298,768) 30,264
Total 62,131,602 61,053,659 48,569,183 27,557,134 21,757,779
Earnings Per Share Attributable To Equity Holders Of The Parent Entity (in full Rupiah)
Basic 399 398 338 238 152
Diluted 399 398 338 238 151
Consolidated Statement Of Cash Flows (In Rp Million) 2024 2023 2022 2021 2020*) Consolidated Statement Of Cash Flows (In Rp Million)
CASH FLOWS FROM OPERATING ACTIVITIES
Income received
Interest and investment income 191,363,148 171,287,312 130,501,831 136,283,648 125,439,096
Sharia income 13,891,084 12,922,019 10,118,043 6,257,927 6,853,944
Premium income 8,760,610 8,996,516 8,936,995 6,989,783 6,205,775
Income from Gold sales 18,192,082 7,982,888 8,715,106 - -
Expense paid
Interest expense (56,282,443) (42,461,798) (25,762,613) (28,533,680) (39,883,405)
Sharia expense (993,686) (1,161,971) (1,008,042) (1,293,103) (2,297,043)
Claim expense (5,547,858) (6,549,595) (7,359,672) (5,946,708) (5,327,065)
Expenses for the cost of goods sold for gold (17,488,885) (7,663,244) (7,875,955) - -
Recovery of written-off assets 25,363,951 16,833,578 12,468,321 9,005,760 7,252,171
Other operating income 27,775,215 27,049,409 27,534,502 34,345,472 31,580,969
Other operating expenses (84,973,178) (75,776,851) (70,993,349) (73,658,162) (63,609,646)
Non-operating expense - net (1,108,735) (568,000) (52,531) (203,971) 179,491
Payment of corporate income tax (13,742,335) (14,279,292) (15,762,408) (11,164,431) (5,936,444)
Cash flows before changes in operating assets and liabilities 105,208,970 96,610,971 68,920,228 72,082,535 60,457,843
Changes in operating assets and liabilities:
Decrease (Increase) in operating assets:
Placement with Bank Indonesia and Other Financial Institutions 1,273,810 (505,646) (195,110) 945,891 264,550
Securities measured at fair value through profit or loss (976,001) (1,277,298) (2,114,619) 9,164,531 (12,440,166)
Export bills and other receivables 13,473,275 (15,015,682) (9,403,150) (2,091,221) 6,744,495
Securities purchased under agreement to resell 16,749,541 17,419,447 3,900,820 (8,096,930) (24,236,324)
Loans (127,686,861) (151,950,901) (106,917,972) (68,377,027) (80,715,775)
Sharia Loans (4,133,183) (8,019,499) (1,354,828) 39,905,977 (23,299,281)
Financing Receivables (1,479,857) (1,213,941) (9,996,487) (11,951,573) (23,148,260)
Other assets 1,562,240 (15,982,596) (2,941,947) 1,422,631 23,311,739
Increase (decrease) in operating liabilities:
Current Liabilities 6,169,854 5,741,228 6,175,192 3,261,813 7,924,262
Deposits:
Current Account 28,429,968 (3,631,218) 129,165,393 35,741,846 16,022,216
Wadiah Current Account - - - (6,258,078) 4,237,212
Mudharabah Current Account - - - - -
Savings 16,481,397 5,297,630 24,971,180 37,005,372 55,315,884
Wadiah Saving - - - (9,247,604) 2,295,916
Mudharabah Saving - - - - -
Time Deposit (37,790,022) 48,778,336 15,004,224 (5,923,271) 13,175,897
Mudharabah Time Deposit - - - - -
Deposits from Other Banks and other financial institutions 2,721,163 2,623,772 (3,994,882) (10,456,563) 5,816,168
Derivative Payable - - - (208,079) 223,169
Securities sold under agreement to repurchase 5,964,259 9,081,866 (19,410,916) (11,070,164) (9,424,266)
Others liabilities 4,645,149 7,072,077 5,698,879 235,264 (1,398,837)
Increase Decrease) temporary syirkah fund - - - (33,496,976) 8,678,142
Net cash provided by operating activities 24,283,108 (4,971,454) 97,506,005 32,588,374 29,804,584
CASH FLOWS FROM INVESTING ACTIVITIES
Sales from premises and equipments 129,827 168,975 343,195 51,654 35,214
Stock participation (4,912) 36,137 (145,649) (315,724) (284,347)
Dividend income 137,035 75,572 144,069 4,349 5,530
Acquisition of fixed assets (10,334,588) (8,177,296) (10,538,233) (8,254,116) (4,375,066)
(Increase) securities and Government Recapitalisation Bonds classified as fair value through other comprehensive income and amortized cost 9,884,449 2,907,520 37,424,578 (64,581,768) (111,830,687)
Net cash provided by/(used in) investing activities (188,199) (4,989,092) 27,227,960 (73,095,605) (116,449,356)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from/(payments of) borrowing 42,489,276 31,573,410 11,068,534 (4,229,199) 41,131,054
Repurchased shares (875,758) (1,382,284) (2,187,544) - -
Distribution of dividend income (48,102,283) (43,494,766) (26,406,603) (12,125,589) (20,623,565)
Receipts from subordinated loans - 494,142 - - -
Payment of subordinated loans - (500,000) - - -
Receipts from securities issued 10,905,923 14,112,994 21,739,525 12,547,672 12,619,200
Payments of securities due (28,578,477) (28,141,850) (14,650,023) (14,608,236) (11,245,300)
Additional capital - - - 41,059,206 -
Net cash provided by/(used in) financing activities (37,462,031) (39,551,225) (10,436,111) 22,643,854 21,881,389
Net Increase (Decrease) In Cash And Cash Equivalents (13,367,112) (49,511,771) 114,297,854 (17,863,377) (64,763,383)
Effect Of Exchange Rate Changes On Foreign Currencies 17,758 (2,663) (30,287) (2,190) (352,878)
Cash And Cash Equivalents At Beginning 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 Year 205,328,380 218,677,734 268,192,168 153,924,601 171,790,168
Cash and cash equivalents at the end of the period consist of:
Cash 29,783,642 31,603,784 27,407,478 26,299,973 32,274,988
Current accounts with Bank Indonesia 88,878,969 101,909,121 150,935,150 56,426,573 51,530,969
Current accounts with Other Banks 25,582,825 22,331,919 21,488,434 14,065,097 12,266,266
Placement with Bank Indonesia and other financial institutions - maturing within three months or less since the acquisition date 56,601,825 62,678,940 68,361,106 57,132,958 65,043,738
Certificates of Bank Indonesia and Deposits Certificates of Bank Indonesia - maturing within three months or less since the acquisition date 4,481,119 153,970 - - 10,674,207
Total Cash and Cash Equivalent 205,328,380 218,677,734 268,192,168 153,924,601 171,790,168
Financial Ratio (Bank Only) 2024 2023 2022 2021 2020*) Financial Ratio (Bank Only)
Liquidity
LDR 89.39% 84.73% 79.17% 83.67% 83.66%
CASA 67.30% 64.34% 66.70% 63.08% 61.00%
Loan Quality
NPL Gross 2.94% 3.12% 2.82% 3.08% 2.94%
NPL Nett 0.75% 0.76% 0.73% 0.70% 0.80%
NPL Coverage 199.43% 215.27% 291.54% 278.14% 247.98%
Profitability
NIM 6.47% 6.84% 6.80% 6.89% 6.00%
ROA 3.76% 3.93% 3.76% 2.72% 1.98%
ROE – Tier I 22.91% 22.94% 20.93% 16.87% 11.05%
Profit (loss) to income ratio 25.42% 28.03% 29.50% 21.19% 13.27%
Efficiency
BOPO 67.64% 64.35% 64.20% 74.30% 81.22%
CER 37.98% 38.32% 41.33% 44.39% 46.60%
Solvability
Liability to Total Assets Ratio 83.73% 83.72% 83.23% 81.79% 86.33%
Liabilities to Equity Ratio 514.75% 514.34% 496.34% 449.11% 631.52%
Earning Assets
Earning Assets and Non-performing Non-Earning to Total Earning Assets and Non-Earning Assets 1.91% 1.95% 1.72% 1.77% 1.82%
Non-performing Earning Assets to Total Earning Assets 1.91% 1.95% 1.72% 1.77% 1.81%
Allowance for Impairment Losses on Financial Assets to Earning Assets 4.48% 5.24% 6.11% 6.16% 5.42%
Capital
Minimum Capital Adequacy Ratio 24.41% 25.23% 23.30% 25.28% 20.61%
Capital Adequacy Ratio Tier 1 23.28% 24.06% 22.30% 24.27% 19.59%
Compliance
Percentage of Legal Lending 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 5.39% 8.05% 12.11% 4.47% 3.19%
Reserve Requirement - Foreign Currency 4.69% 4.22% 4.24% 4.13% 4.01%
Net Open Position 2.42% 0.62% 0.85% 0.81% 1.07%
Other Ratio
Cost To Revenue Ratio (consolidated) 36.97% 37.74% 41.95% 43.26% 45.40%

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