f. Sensitivity analysis
Changes in 1 (one) percentage of actuarial assumptions will have the following impacts:
2019 Defined benefit pension plan
Other long-term compensations
Post-employment healthcare benefits Increase Decrease Increase Decrease Increase Decrease Discount rate (1% movement) (485,718) 541,185 (206,131) 230,223 (13,874) 15,698 Basic salary rate (1% movement) 592,411 (540,724) 233,059 (212,274) - - Healthcare cost rate (1% movement) - - - - 14,171 (12,802)
2018 Defined benefit pension plan
Other long-term compensations
Post-employment healthcare benefits Increase Decrease Increase Decrease Increase Decrease Discount rate (1% movement) (413,689) 463,172 (217,410) 216,420 (15,167) 16,884 Basic salary rate (1% movement) 523,998 (476,008) 220,823 (200,569) - - Healthcare cost rate (1% movement) - - - - 16,220 (14,880)
g. Expected maturity analysis of undiscounted pension benefits and post-employment healthcare benefits is as follows:
Up to 10 years 10 - 20 years
20 years and so on
Pension benefit 8,218,789 2,385,673 1,390,089
Other long-term compensations 3,256,991 1,030,714 620,454 Post-employment healthcare benefits 209,629 65,927 75,849
h. The weighted-average duration of the defined benefits obligation, other long-term compensations, and post-retirement healthcare benefits were 9.02 years, 9.47 years and 11.50 years as of 31 December 2019 (31 December 2018: 6.65 years, 6.65 years and 6.65 years).
Balances of monetary assets and liabilities in foreign currencies were as follows:
2019 2018 Foreign
currencies (in thousand)
Rupiah equivalent
Foreign currencies (in thousand)
Rupiah equivalent
Monetary assets
Cash
US Dollar (USD) 61,491 853,650 28,691 412,580
Australian Dollar (AUD) 16,078 156,368 8,761 89,027 Singapore Dollar (SGD) 22,022 227,153 16,566 174,849
Hong Kong Dollar (HKD) 13,792 24,588 5,030 9,237
GB Poundsterling (GBP) 1,247 22,734 356 6,523
Japanese Yen (JPY) 146,652 18,744 63,689 8,319
Euro (EUR) 8,689 135,290 4,147 68,182
Others, USD equivalent 3,952 54,869 4,059 58,364
1,493,396 827,081
Current accounts with Bank Indonesia
US Dollar (USD) 334,725 4,646,826 339,682 4,884,631
4,646,826 4,884,631
Current accounts with other banks
US Dollar (USD) 548,930 7,620,521 386,591 5,559,179 Australian Dollar (AUD) 19,016 184,939 21,802 221,560 Singapore Dollar (SGD) 154,031 1,588,842 143,671 1,516,440 Hong Kong Dollar (HKD) 52,238 93,127 19,408 35,638
GB Poundsterling (GBP) 3,229 58,882 6,382 116,858
Japanese Yen (JPY) 2,996,826 383,024 2,465,339 322,022
Euro (EUR) 20,194 314,440 21,548 354,270
Others, USD equivalent 19,811 275,024 25,135 361,436
10,518,799 8,487,403
Placements with Bank Indonesia and
other banks
US Dollar (USD) 1,775,791 24,652,415 452,777 6,510,930 Australian Dollar (AUD) 30,000 291,761 31,000 315,033
Singapore Dollar (SGD) 30,000 309,452 - -
Hong Kong Dollar (HKD) 54 96 27,656 50,784
25,253,724 6,876,747
Financial assets held for trading
US Dollar (USD) 149,856 2,080,379 100,315 1,442,526
Singapore Dollar (SGD) 17 179 32 337
Hong Kong Dollar (HKD) - - 10 19
Japanese Yen (JPY) 3,068 392 7,691 1,004
Others, USD equivalent 15 212 10 149
2,081,162 1,444,035
Acceptance receivables - net
US Dollar (USD) 395,902 5,496,109 502,801 7,230,274
Singapore Dollar (SGD) 492 5,077 11 114
GB Poundsterling (GBP) 195 3,548 221 4,047
Japanese Yen (JPY) 978,890 125,112 1,602,422 209,308
Euro (EUR) 77,793 1,211,283 31,543 518,586
Others, USD equivalent 13,807 191,679 2,701 38,842
7,032,808 8,001,171
Balances of monetary assets and liabilities in foreign currencies were as follows: (continued)
2019 2018 Foreign
currencies (in thousand)
Rupiah equivalent
Foreign currencies (in thousand)
Rupiah equivalent
Monetary assets (continued)
Bills receivable - net
US Dollar (USD) 149,488 2,075,265 180,730 2,598,894
Hong Kong Dollar (HKD) - - 36,028 66,158
Japanese Yen (JPY) 121,009 15,466 18,845 2,462
Euro (EUR) 1,050 16,346 144 2,374
Others, USD equivalent 3,678 51,061 530 7,617
2,158,138 2,677,505
Loans receivable - net
US Dollar (USD) 2,129,232 29,559,065 2,140,114 30,774,833 Singapore Dollar (SGD) 39,356 405,961 46,397 489,715 Hong Kong Dollar (HKD) 195,531 348,582 144,895 266,068
Japanese Yen (JPY) 79,149 10,116 - -
Euro (EUR) 787 12,260 732 12,033
Others, USD equivalent - - 49 707
30,335,984 31,543,356
Investment securities - net
US Dollar (USD) 2,003,217 27,809,661 1,596,601 22,959,115 Hong Kong Dollar (HKD) 181,846 324,185 183,957 337,797
28,133,846 23,296,912
Other assets - net
US Dollar (USD) 15,059 209,060 14,211 204,352
Australian Dollar (AUD) 12 120 37 379
Singapore Dollar (SGD) 69 708 70 742
Hong Kong Dollar (HKD) 3,881 6,919 4,872 8,947
Japanese Yen (JPY) 1,083 138 9 1
Euro (EUR) 359 5,591 79 1,307
Others, USD equivalent 690 9,575 5 77
232,111 215,805
Monetary liabilities
Deposits from customers
US Dollar (USD) 3,195,045 44,355,210 3,033,154 43,616,755 Australian Dollar (AUD) 54,689 531,873 59,779 607,491 Singapore Dollar (SGD) 247,199 2,549,866 218,203 2,303,114
Hong Kong Dollar (HKD) 27,564 49,139 9,134 16,772
GB Poundsterling (GBP) 2,920 53,261 5,230 95,766
Japanese Yen (JPY) 1,810,609 231,414 1,461,852 190,947
Euro (EUR) 67,389 1,049,284 54,469 895,514
Others, USD equivalent 23,026 319,661 25,396 365,191
49,139,708 48,091,550
Balances of monetary assets and liabilities in foreign currencies were as follows: (continued)
2019 2018 Foreign
currencies (in thousand)
Rupiah equivalent
Foreign currencies (in thousand)
Rupiah equivalent
Monetary liabilities (continued)
Deposits from other banks
US Dollar (USD) 128,706 1,786,768 126,813 1,823,571
Australian Dollar (AUD) 5,288 51,429 424 4,311
Singapore Dollar (SGD) 229 2,363 1,097 11,578
Others, USD equivalent 1 8 - -
1,840,568 1,839,460
Financial liabilities held for trading
US Dollar (USD) 248 3,437 91 1,306
Singapore Dollar (SGD) 34 356 34 357
Hong Kong Dollar (HKD) 18 33 3 5
Japanese Yen (JPY) 2,185 279 5,684 742
Others, USD equivalent 43 592 28 397
4,697 2,807
Acceptance payables
US Dollar (USD) 277,319 3,849,883 316,335 4,548,904
Singapore Dollar (SGD) 158 1,626 - -
GB Poundsterling (GBP) 198 3,618 110 2,022
Japanese Yen (JPY) 901,748 115,252 1,498,012 195,670
Euro (EUR) 20,628 321,183 12,916 212,354
Others, USD equivalent 12,835 178,182 2,236 32,148
4,469,744 4,991,098
Securities sold under agreement to
repurchase
Hong Kong Dollar (HKD) 63,525 113,249 26,200 48,111
113,249 48,111
Borrowings
US Dollar (USD) 4 55 4 57
Hong Kong Dollar (HKD) 38,928 69,399 78,334 143,843
Others, USD equivalent 25 343 24 353
69,797 144,253
Accruals and other liabilities
US Dollar (USD) 2,720 37,764 2,604 37,445
Australian Dollar (AUD) 15 141 29 291
Singapore Dollar (SGD) 2 25 3 27
Hong Kong Dollar (HKD) 883 1,575 883 1,621
GB Poundsterling (GBP) - 1 - 1
Japanese Yen (JPY) 2 - 1 -
Euro (EUR) 21 333 15 252
Others, USD equivalent 10 143 12 174
39,982 39,811
The Group disclosed the financial information based on the products were as follows:
2019
Loans Treasury Others Total Assets 572,033,999 255,752,071 91,203,242 918,989,312
Loans receivable - net 572,033,999 - - 572,033,999
Interest and sharia income 49,583,414 10,339,749 3,914,632 63,837,795 Fee-based income 4,910,039 175,689 12,604,159 17,689,887
2018
Loans Treasury Others Total Assets 524,530,462 216,464,938 83,792,544 824,787,944
Loans receivable - net 524,530,462 - - 524,530,462
Interest and sharia income 43,519,187 9,408,714 3,838,899 56,766,800 Fee-based income 4,112,448 75,365 10,750,318 14,938,131
The Group main operations are managed in Indonesian territory. Bank’s business segment is classified into 5 (five) main geographic areas, which are Sumatera, Java, Kalimantan, East Indonesia and overseas operation.
Information regarding segment based on geographic of the Group is presented in table below:
2019 Sumatera Java Kalimantan
East Indonesia
Overseas
operation Total Interest and sharia income 3,727,661 56,795,098 1,213,833 2,065,663 35,540 63,837,795 Interest and sharia expense (882,676) (11,739,231) (279,273) (452,056) (7,111) (13,360,347)
Net interest and sharia income - net 2,844,985 45,055,867 934,560 1,613,607 28,429 50,477,448 Net fee and commission income - net 750,866 12,110,220 242,974 500,002 4,319 13,608,381 Net trading income - net 56,573 3,343,939 20,674 31,436 3,720 3,456,342 Other operating income 49,942 3,968,050 9,118 45,316 7,952 4,080,378
Total segment income 3,702,366 64,478,076 1,207,326 2,190,361 44,420 71,622,549 Depreciation and amortisation (42,845) (1,922,521) (13,824) (30,190) (6,235) (2,015,615) Other material non-cash elements:
Addition of impairment on assets (202,473) (4,230,486) 41,598 (201,915) 1,933 (4,591,343) Other operating expenses (1,315,499) (26,136,084) (441,694) (809,677) (23,639) (28,726,593)
Income before tax 2,141,549 32,188,985 793,406 1,148,579 16,479 36,288,998 Income tax expense - - - - - (7,719,024)
Net income for the year 2,141,549 32,188,985 793,406 1,148,579 16,479 28,569,974
2019 Sumatera Java Kalimantan
East Indonesia
Overseas
operation Total
Assets 59,995,632 807,755,303 19,315,578 31,139,056 783,743 918,989,312 Liabilities 59,995,632 629,379,469 19,315,578 31,139,034 237,414 740,067,127 Loans receivable - net 27,461,980 516,363,191 9,531,400 18,328,846 348,582 572,033,999 Deposits from customers 59,366,497 589,593,111 19,239,284 30,781,176 - 698,980,068 Sharia deposits - 1,035,526 - - - 1,035,526 Temporary syirkah deposits - 4,779,029 - - - 4,779,029
Information regarding segment based on geographic of the Group is presented in table below:
(continued)
2018
Sumatera Java Kalimantan East Indonesia
Overseas
operation Total Interest and sharia income 3,341,209 50,454,784 1,048,497 1,886,898 35,412 56,766,800 Interest and sharia expense (771,074) (10,071,826) (238,919) (386,709) (7,727) (11,476,255)
Net interest and sharia income - net 2,570,135 40,382,958 809,578 1,500,189 27,685 45,290,545 Net fee and commission income - net 692,452 10,638,161 217,516 443,033 5,178 11,996,340 Net trading income - net 52,801 2,700,502 12,348 35,771 5,927 2,807,349 Other operating income 20,108 2,888,306 9,257 20,817 1,498 2,939,986
Total segment income 3,335,496 56,609,927 1,048,699 1,999,810 40,288 63,034,220 Depreciation and amortisation (45,304) (1,999,994) (11,739) (24,412) (159) (2,081,608)
Other material non-cash elements:
Addition of impairment on assets 102,293 (2,416,393) (68,922) (293,722) 142 (2,676,602) Other operating expenses (1,236,204) (23,146,516) (403,921) (753,556) (29,749) (25,569,946)
Income before tax 2,156,281 29,047,024 564,117 928,120 10,522 32,706,064
Income tax expense - - - - - (6,854,404)
Net income for the year 2,156,281 29,047,024 564,117 928,120 10,522 25,851,660
2018
Sumatera Java Kalimantan East Indonesia
Overseas
operation Total
Assets 54,136,829 725,271,031 17,008,223 27,621,371 750,490 824,787,944 Liabilities 54,136,829 569,471,430 17,008,223 27,621,362 200,935 668,438,779 Loans receivable - net 26,151,097 472,388,970 8,546,351 17,177,977 266,067 524,530,462 Deposits from customers 53,724,812 531,792,853 16,940,227 27,354,125 - 629,812,017
Sharia deposits - 621,315 - - - 621,315
Temporary syirkah deposits - 4,595,738 - - - 4,595,738