CONSOLIDATED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION
(in million Rupiah)
1. Cash 4,776,086 5,691,444 4,777,284 5,693,065
2. Placement with Bank Indonesia 18,289,876 22,290,261 18,289,876 22,290,261 3. Placement with other banks 4,869,693 3,377,715 4,971,753 3,401,502 4. Spot and derivatives/forward receivables 1,359,286 725,478 1,359,286 725,478
5. Marketable securities 56,368,785 23,462,340 56,373,803 23,462,340
6. Securities sold under repurchase agreement (repo) 8,781,497 10,698,674 8,781,497 10,698,674 7. Receivables on securities purchased under resale agreement (reverse repo) 2,305,523 522,857 2,305,523 522,857 8. Acceptance receivables 2,153,756 3,767,071 2,153,756 3,767,071
9. Loans 140,002,939 158,352,721 141,902,141 161,138,972
10. Sharia financing 31,932,300 33,098,379 32,852,452 33,098,379
11. Investments 1,082,535 1,082,535 4,214 4,214
12. Other financial assets 4,159,585 3,661,389 4,159,585 3,661,389 13. Allowance for impairment losses on financial assets -/-
a. Marketable securities (16,315) (38,046) (16,315) (38,046) b. Loans and Sharia Financing (11,818,607) (5,984,978) (11,924,960) (6,059,841)
c. Others (582,320) (471,254) (582,320) (471,434)
14. Intangible assets 3,351,315 3,079,525 3,377,482 3,105,497
Accumulated amortisation on intangible assets -/- (1,587,647) (1,377,850) (1,612,272) (1,401,448) 15. Fixed assets and equipment 9,327,174 8,127,752 9,427,365 8,222,562
Accumulated depreciation on fixed assets and equipment -/- (2,405,232) (1,902,418) (2,437,644) (1,974,281) 16. Non productive assets
a. Abandoned properties - - - - b. Foreclosed assets 248,440 44,526 294,080 51,103 c. Suspense accounts 126,500 93,310 126,500 93,310 d. Inter-office assets 65,735 - 93,079 -
17. Other assets 5,883,157 4,140,585 6,267,440 4,475,603
TOTAL ASSETS 278,674,061 272,442,016 280,943,605 274,467,227
LIABILITIES
1. Current accounts 56,110,463 49,320,789 55,862,547 48,943,913
2. Saving accounts 67,861,369 59,316,069 67,861,369 59,316,069
3. Time deposits 83,805,508 87,340,318 83,805,508 87,340,318
4. Electronic Money 83,420 98,367 83,420 98,367 5. Liabilities to Bank Indonesia - - - - 6. Liabilities to other banks 2,901,556 1,364,586 2,901,556 1,364,586 7. Spot and derivatives/forward payables 738,351 474,915 738,351 474,915 8. Liabilities on securities sold under repurchase agreement (repo) 8,656,643 10,470,737 8,656,643 10,470,737
9. Acceptance payables 2,153,756 3,767,071 2,153,756 3,767,071
10. Marketable securities issued 6,565,604 7,503,112 6,565,604 7,503,112
11. Borrowings 224,184 3,529,964 1,157,617 4,468,188
12. Security deposits 405,613 296,929 405,613 296,929
13. Inter-office liabilities - 40,443 - 40,443
14. Other liabilities 9,100,802 6,433,980 9,698,570 7,088,413
15. Minority Interest - - 14,112 15,275 TOTAL LIABILITIES 238,607,269 229,957,280 239,904,666 231,188,336
EQUITY 16. Paid in capital
a. Authorised capital 2,900,000 2,900,000 2,900,000 2,900,000 b. Unpaid capital -/- (1,287,743) (1,287,743) (1,287,743) (1,287,743) c. Treasury stock -/- (253,832) (253,279) (253,832) (253,279) 17. Additional paid-in capital
a. Share premium 7,033,450 7,033,450 7,033,450 7,033,450
b. Share discount -/- - - - - c. Capital deposit funds - - - -
d. Others 96,430 95,520 96,430 95,520
18. Other comprehensive income
a. Gains 4,598,506 3,520,447 4,598,207 3,520,447
b. Losses -/- - (200,938) - (200,792)
19. Reserves
a. General reserves 351,538 351,538 351,538 351,538 b. Appropriated reserves - - - - 20. Transactions with non-controling interest - - (35,723) (35,723) 21. Profit/(Loss)
a. Previous years 26,189,641 27,541,823 27,016,372 28,206,804
b. Current year 1,830,963 3,480,403 2,012,401 3,645,154
c. Dividends paid -/- (1,392,161) (696,485) (1,392,161) (696,485) TOTAL EQUITY ATTRIBUTABLE TO OWNERS 40,066,792 42,484,736 41,038,939 43,278,891 TOTAL EQUITY 40,066,792 42,484,736 41,038,939 43,278,891 TOTAL LIABILITIES AND EQUITY 278,674,061 272,442,016 280,943,605 274,467,227 LIABILITIES AND EQUITY
31 December 2020 and 31 December 2019 BANK CIMB NIAGA
ASSETS
No. ACCOUNTS
31 December 2019 STATEMENTS OF FINANCIAL POSITION
31 December 2019 CONSOLIDATED
31 December 2020 31 December 2020
CONSOLIDATED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION
(in million Rupiah, except for earnings per share)
1. Interest Income 20,131,934 21,170,403 20,703,099 21,689,486 2. Interest Expenses (8,139,293) (9,082,973) (8,232,581) (9,121,468)
Net Interest Income (Expense) 11,992,641 12,087,430 12,470,518 12,568,018
Gain/(loss) on increase/(decrease) in fair value of financial assets 315,658 (15,741) 315,719 (15,741) Gain/(loss) on increase/(decrease) in fair value of financial liabilities - - - - Gain/(loss) on sale of financial assets 806,040 377,577 805,860 377,557 Gain/(loss) on spot and derivatives/forward transactions (realised) 824,842 602,277 824,842 602,277 Gain/(loss) on investment under equity method - - - - Gain/(loss) on foreign exchange transaction (178,063) 2,937 (178,063) 2,937
Dividend 21,890 17,362 - 54
Commission/provision/fee and administration 1,617,390 2,094,694 1,738,053 2,206,680
Other income 345,376 1,024,733 381,596 1,083,002
Allowance for impairment losses (5,255,589) (3,324,305) (5,359,695) (3,319,444) Losses and operational risk (11,997) 88 (11,997) 88
Personnel expenses (4,049,330) (4,214,809) (4,270,770) (4,424,173)
Promotion expenses (230,153) (300,702) (234,239) (313,837)
Other expenses (3,484,724) (3,660,042) (3,627,969) (3,833,617)
Other Operating Income (Expenses) (9,278,660) (7,395,931) (9,616,663) (7,634,217) OPERATING INCOME 2,713,981 4,691,499 2,853,855 4,933,801
1. Gain/(loss) on sale of fixed assets and equipment 1,793 (489) 1,838 1,473 2. Other non operating income/(expenses) 8,951 38,463 91,727 18,623 NON OPERATING INCOME/(LOSS) 10,744 37,974 93,565 20,096 CURRENT YEAR INCOME/(LOSS) BEFORE INCOME TAXES 2,724,725 4,729,473 2,947,420 4,953,897 Income Taxes
a. Estimated tax for current year -/- (647,178) (1,227,518) (689,519) (1,304,974) b. Deferred tax income/(expenses) (246,584) (21,552) (246,647) (5,988) NET INCOME/(LOSS) FOR THE CURRENT YEAR 1,830,963 3,480,403 2,011,254 3,642,935 1. Items that will not be reclassified to profit or loss (4,843) 442,564 (5,287) 446,738 a. Revaluation surplus of fixed assets (4,843) 442,564 (4,843) 442,564 b. (Loss)/gain on remeasurement of defined benefit program - - (444) 4,174
c. Others - - - -
2. Items that will be reclassified to profit or loss 1,283,840 297,801 1,283,840 297,801 a. Gain/(loss) on the translation of financial statements
in foreign currencies - - - - b. Gain/(loss) from changes in fair value of financial assets of debt securities
measured at fair value through other comprehensive income 1,283,840 297,801 1,283,840 297,801
c. Others - - - -
Other comprehensive income for the current period -
net of tax 1,278,997 740,365 1,278,553 744,539 CURRENT PERIOD TOTAL COMPREHENSIVE INCOME/(LOSS) 3,109,960 4,220,768 3,289,807 4,387,474 Current yearincome/(loss) attributable to:
Owner 1,830,963 3,480,403 2,012,401 3,645,154
Minority interest - - (1,147) (2,219) CURRENT YEAR NET INCOME/(LOSS) 1,830,963 3,480,403 2,011,254 3,642,935 Current year total comprehensive income/(loss) attributable to:
Owner 3,109,960 4,220,768 3,290,954 4,389,693
Minority Interest - - (1,147) (2,219) CURRENT YEAR TOTAL COMPREHENSIVE INCOME/(LOSS) 3,109,960 4,220,768 3,289,807 4,387,474 TRANSFER OF INCOME/(LOSS) TO HEAD OFFICE - - - - DIVIDEND 1,392,161 696,485 1,392,161 696,485 EARNINGS PER SHARE (In Full Rupiah) 73.44 139.60 80.72 146.21 OTHER COMPREHENSIVE INCOME
NON OPERATING INCOME (EXPENSES) A. Interest Income and Expenses OPERATING INCOME AND EXPENSES
B. Other Operating Income and Expenses
CONSOLIDATED
2020 2019
STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
2020 2019
No. ACCOUNTS
For the year ended 31 December 2020 and 2019
BANK CIMB NIAGACONSOLIDATED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION
(in million Rupiah)
I. COMMITMENT RECEIVABLES
1. Unused borrowing facility - - - - 2. Outstanding spot and derivatives/forward (purchased) 48,679,033 47,762,407 48,679,033 47,762,407 3. Others - - - - II. COMMITMENT LIABILITIES
1. Undisbursed loan facilities to debtors
i. Committed 12,398,439 15,286,223 12,398,439 15,286,223 ii. Uncommitted 61,139,338 60,642,692 61,139,338 60,642,692 2. Outstanding irrevocable L/C 2,812,599 2,159,588 2,812,599 2,159,588 3. Outstanding spot and derivatives/forward (sold) 68,559,205 41,915,495 68,559,205 41,915,495 4. Others 4,290 143,064 4,290 143,064 III. CONTINGENT RECEIVABLES
1. Received guarantees 213,904 229,544 213,904 229,544 2. Accrued interest 496,331 766,565 496,331 766,565 3. Others - - - - IV. CONTINGENT LIABILITIES
1. Issued guarantees 4,082,323 4,411,683 4,082,323 4,411,683 2. Others - 4 - 4
31 December 2020 31 December 2019 31 December 2020 31 December 2019COMMITMENTS AND CONTINGENCIES
31 December 2020 and 31 December 2019
BANK CIMB NIAGA CONSOLIDATED
No. ACCOUNTS
CONSOLIDATED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION
(in million Rupiah)
I. RELATED PARTIES 1. Interbank placement
a. Rupiah - - - - - - - - - - - - b. Foreign currency - - - - - - - - - - - - 2. Spot and derivative receivables
a. Rupiah - - - - - - - - - - - - b. Foreign currency - - - - - - - - - - - - 3. Marketable securities
a. Rupiah - - - - - - - - - - - - b. Foreign currency - - - - - - - - - - - - 4. Securities sold under repurchase agreements (repo)
a. Rupiah - - - - - - - - - - - - b. Foreign currency - - - - - - - - - - - - 5. Receivables on securities purchased under
resale agreement (reverse repo)
a. Rupiah - - - - - - - - - - - - b. Foreign currency - - - - - - - - - - - - 6. Acceptance receivables - - - - - - - - - - - - 7. Loans
a. Micro, Small and Medium Enterprises (UMKM)*
i. Rupiah - - - - - - - - - - - - ii. Foreign currency - - - - - - - - - - - - b. Non Micro, Small and Medium Enterprises (UMKM)*
i. Rupiah 486,248 - - - - 486,248 700,539 - - - - 700,539 ii. Foreign currency - - - - - - - - - - - - c. Restructured loans
i. Rupiah - - - - - - - - - - - - ii. Foreign currency - - - - - - - - - - - - 8. Investment 1,078,321 - - - - 1,078,321 1,078,321 - - - - 1,078,321 9. Other receivable - - - - - - - - - - - - 10. Commitments and contingencies
a. Rupiah - - - - - - - - - - - - b. Foreign currency - - - - - - - - - - - -
EARNING ASSETS QUALITY AND OTHER INFORMATIONS 31 December 2020 and 2019
2020 BANK CIMB NIAGA 2019
ACCOUNTS No.
Pass Special Mention Substandard Doubtful Loss TOTAL Pass Special Mention Substandard Doubtful Loss TOTAL
CONSOLIDATED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION
(in million Rupiah) EARNING ASSETS QUALITY AND OTHER INFORMATIONS
31 December 2020 and 2019
2020 BANK CIMB NIAGA 2019
ACCOUNTS No.
Pass Special Mention Substandard Doubtful Loss TOTAL Pass Special Mention Substandard Doubtful Loss TOTAL
II. NON-RELATED PARTIES 1. Interbank placement
a. Rupiah 1,678,689 - - - - 1,678,689 251,856 - - - - 251,856 b. Foreign currency 3,183,055 - - - 7,949 3,191,004 3,116,124 - - - 9,735 3,125,859 2. Spot and derivative receivables
a. Rupiah 1,024,991 - - - - 1,024,991 634,668 - - - - 634,668 b. Foreign currency 334,295 - - - - 334,295 90,810 - - - - 90,810 3. Marketable securities
a. Rupiah 50,837,110 - 444,992 - 15,000 51,297,102 18,104,869 - - - 15,000 18,119,869 b. Foreign currency 5,071,683 - - - - 5,071,683 5,342,471 - - - - 5,342,471 4. Securities sold under repurchase agreement (repo)
a. Rupiah 8,781,497 - - - - 8,781,497 10,698,674 - - - - 10,698,674 b. Foreign currency - - - - - - - - - - - - 5. Receivables on securities purchased under
resell agreement (reverse repo)
a. Rupiah 2,305,523 - - - - 2,305,523 522,857 - - - - 522,857 b. Foreign currency - - - - - - - - - - -
6. Acceptance receivables 2,153,756 - - - - 2,153,756 3,627,350 139,721 - - - 3,767,071 7. Loans
a. Micro, Small and Medium Enterprises (UMKM)* - - - - -
i. Rupiah 19,830,504 471,561 151,149 73,506 427,431 20,954,151 21,198,624 648,269 41,873 79,926 637,175 22,605,867 ii. Foreign currency 155,160 3,344 - - - 158,504 529,923 - - - - 529,923 b. Non Micro, Small and Medium Enterprises (UMKM)*
i. Rupiah 119,280,530 6,758,126 463,123 183,522 2,760,210 129,445,511 137,538,014 5,149,173 235,840 603,521 2,663,014 146,189,562 ii. Foreign currency 15,472,837 3,308,426 - - 2,109,562 20,890,825 17,137,996 3,235,393 - 137,743 914,077 21,425,209 c. Restructured loans
i. Rupiah 22,653,553 5,238,682 494,305 147,603 847,332 29,381,475 3,290,875 289,343 29,305 89,933 630,918 4,330,374 ii. Foreign currency 1,265,492 3,308,426 - - 1,009,392 5,583,310 547,263 200,671 - 89,869 889,709 1,727,512 8. Investment 3,489 - 425 - 300 4,214 3,489 - 425 - 300 4,214 9. Other receivable 994,324 - - - - 994,324 1,431,745 - - - - 1,431,745 10. Commitments and contingencies
a. Rupiah 66,630,458 177,432 4 - 934 66,808,828 63,809,235 30,809 - - - 63,840,044 b. Foreign currency 13,581,733 42,138 - - - 13,623,871 18,656,595 3,547 - - - 18,660,142 III. OTHER INFORMATION
- 1. Assets pledged as collateral
a. To Bank Indonesia - -
b. To other parties - -
2. Foreclosed assets 248,440 44,526
* point a and b include propety loans and/or restructured loans
CONSOLIDATED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATIONS
Stage 1 Stage 2 Stage 3 General Specific Stage 1 Stage 2 Stage 3 General Specific
1. Placement with other banks 151 - 7,949 48,617 7,949 33,680 9,735
2. Spot and derivatives/forward receivables - - - 13,593 - 7,255 -
3. Marketable securities 1,315 - 15,000 73,188 81,749 101,840 15,000
4. Securities sold under repurchase agreement (repo) - - - 87,815 - 106,987 -
5. Receivable on securities purchased under resale agreement (reverse repo) - - - 23,055 - 5,229 -
6. Acceptance receivables 95,442 26,043 9,606 21,378 - 36,274 6,986
7. Loans and financing 2,716,897 3,545,600 5,556,110 1,516,339 4,948,524 1,771,051 4,238,837
8. Investments - - 555 10,818 364 10,818 364
9. Other receivable - - - 9,943 - 14,317 -
10. Commitments and contingencies 257,482 33,613 37,714 67,773 11,913 64,930 1,718
ALLOWANCES FOR IMPAIRMENT LOSSES 31 December 2020 and 2019
No. Description
2020 2019
Allowance for Impairment Losses
Required Allowance for Impairment Losses on
Earning Assets
Allowance for Impairment Losses
Required Allowance for Impairment Losses on
Earning Assets
CONSOLIDATED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATIONS
Bank CIMB Niaga Consolidated Bank CIMB Niaga Consolidated
I 36,889,257 38,950,511 40,203,656 42,085,044
1 Common Equity Tier (CET 1) 36,889,257 38,950,511 40,203,656.43 42,085,044
1.1 Paid in Capital (after deducting Treasury Shares) 1,358,425 1,358,425 1,358,979 1,358,979
1.2 Disclosed Reserves 1.2.1 Additional Factor
1.2.1.1 Other Comprehensive Income
1.2.1.1.1 Excess translation adjustment of financial statement 1 1 1 1
1.2.1.1.2 Potential gain on increase in fair value of financial assets measured at fair value through other comprehensive income 1,145,286 1,145,286 - -
1.2.1.1.3 Fixed asset revaluation surplus 3,515,604 3,515,604 3,520,447 3,520,447
1.2.1.2 Other disclosed reserve
1.2.1.2.1 Share premium 7,129,879 7,129,879 7,128,970 7,128,970
1.2.1.2.2 General reserve 351,538 351,538 351,538 351,538
1.2.1.2.3 Previous years profit 24,797,480 25,624,211 26,845,338 27,515,433
1.2.1.2.4 Current year profit 1,830,963 2,012,401 3,480,403 3,640,038
1.2.1.2.5 Capital deposit funds - - - -
1.2.1.2.6 Other - - - -
1.2.2 Deduction Factor
1.2.2.1 Other Comprehensive Income
1.2.2.1.1 Negative difference arising from translation of financial statement - - - -
1.2.2.1.2 Potential loss on decrease in fair value of financial assets measured at fair value through other comprehensive income - - 138,554 138,554 1.2.2.2 Other disclosed reserve
1.2.2.2.1 Share discount - - - -
1.2.2.2.2 Previous years loss - - - -
1.2.2.2.3 Current year loss - - - -
1.2.2.2.4 Negative differences between regulatory provision and impairment of productive asset - - - -
1.2.2.2.5 Negative difference on adjustment of fair value on financial instrument in the trading book - - - -
1.2.2.2.6 Required regulatory provision on non productive asset 136,110 141,199 71,252 77,083
1.2.2.2.7 Other - - - -
1.3 Non controlling interest - - - -
1.4 Deduction Factor of Common Equity Tier 1
1.4.1 Deferred taxes 719,823 738,427 - 18,460
1.4.2 Goodwill - - - -
1.4.3 Intangible assets 1,305,666 1,307,207 1,193,892 1,196,265
1.4.4 Equity investment which can be calculated as deduction factor 1,078,321 - 1,078,321 -
1.4.5 Shorftall on the capital of insurance subsidiary - - - -
1.4.6 Securitisation exposure - - - -
1.4.7 Other deduction factor of Tier 1 -
1.4.7.1 Investment in AT 1 and/or Tier 2 instruments in other bank - - - -
1.4.7.2 Cross ownership in other entity acquired by the transition of the law, a grant, or grant will - - - -
1.4.7.3 Exposure which increase Credit Risk due to settlement risk - Non Delivery Versusu Payment - - - -
1.4.7.4 Exposure on Subsidiary which operating in business based on Sharia principle (if any) - - - -
2 Additonal Tier 1 (AT1) - - - -
2.1 Capital instrument which can be calculated as AT 1 - - - -
2.2 Share premium/Share discount - - - -
2.3 Deduction factor on additional Tier 1 - - - -
2.3.1 Investment in AT 1 and/or Tier 2 instruments in other bank - - - -
2.3.2 Cross ownership in other entity acquired by the transition of the law, a grant, or grant will - - - -
II 2,060,856 2,090,670 2,606,113 2,637,703
1 Capital instrument in the Form of Share or others which can be calculated as Tier 2 184,378 184,378 453,119 453,119
2 Share premium/Share discount - - - -
3 General reserve of required regulatory provision on productive asset (max.1.25% of RWA for Credit Risk) 1,876,478 1,906,292 2,152,994 2,184,584
4 Tier 2 deduction factor
4.1 Sinking Fund - - - -
4.2 Investment in tier 2 instruments in other bank - - - -
4.3 Cross ownership in other entity acquired by the transition of the law, a grant, or grant will - - - -
38,950,113 41,041,181 42,809,769 44,722,747
Bank CIMB Niaga Consolidated Bank CIMB Niaga Consolidated Bank CIMB Niaga Consolidated Bank CIMB Niaga Consolidated
RISK WEIGHTED ASSET (RWA) Capital Adequacy Ratio
RWA FOR CREDIT RISK 150,890,267 153,499,438 173,905,160 176,346,822 Ratio CET1 (%) 20.12 20.80 19.64 20.20 RWA FOR MARKET RISK 3,534,400 3,535,359 2,989,368 2,989,368 Ratio Tier 1 (%) 20.12 20.80 19.64 20.20 RWA FOR OPERATIONAL RISK 28,964,759 30,209,487 27,763,939 29,011,195 Ratio Tier 2 (%) 1.12 1.12 1.28 1.27 TOTAL RWA 183,389,425 187,244,284 204,658,467 208,347,385 Ratio KPMM (%) 21.24 21.92 20.92 21.47 CAPITAL ADEQUACY RATIO (CAR) ACCORDING TO RISK PROFILE (%) 9.90 9.90 9.90 9.90 CET1 FOR BUFFER (%) 11.34 12.02 11.02 11.57
CAR ALLOCATION
From CET1 (%) 8.78 8.78 8.63 8.63 Capital Conservation Buffer (%) - - 2.50 2.50 From AT1 (%) - - - - Countercyclical Buffer (%) - - - - From Tier 2 (%) 1.12 1.12 1.27 1.27 Capital Surcharge for Systemic Bank (%) 1.00 1.00 1.00 1.00 Total Capital
CALCULATION OF CAPITAL ADEQUACY RATIO (CAR) 31 December 2020 and 2019
(in million Rupiah, except for ratios in percentage)
ACCOUNTS 2020 2019
Core Capital (Tier 1)
Supplementary Capital (Tier 2) NO.
PERCENTAGE OF BUFFER MANDATORY FILLED BY THE BANK
2020 2019 DESCRIPTION 2020 2019
CONSOLIDATED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION
(in million Rupiah)
A. Cash flows from operating activities:
Receipts of interest, fees and commissions 20,482,030 23,272,720 21,173,373 23,903,812 Payments of interests, fees and commissions (7,400,211) (8,383,708) (7,365,060) (8,420,115)
Other operating income 345,377 1,024,733 381,598 1,083,001
Gains on foreign exchange and derivative - net 236,247 1,107,182 236,246 1,107,182 Other operating expenses (5,882,771) (5,940,101) (6,358,745) (6,206,264) Non operating income - net (209,583) 45,807 (156,016) 40,207 Cash flow before changes in operating assets and liabilities 7,571,089 11,126,633 7,911,396 11,507,823 Changes in assets and liabilities:
Decrease/(increase) in assets:
- Marketable securities and government bonds
measured at fair value through profit and loss (4,106,149) (943,160) (4,111,287) (943,180) - Securities purchase under resale agreement (1,782,666) 70,736 (1,782,666) 70,736
- Loans 15,842,060 (8,177,746) 15,509,561 (8,040,870)
- Acceptance receivables 1,744,406 695,412 1,744,406 695,412 - Consumer financing receivables and finance leases 0 - - 201,701 (1,049,507) Increase/(decrease) in liabilities:
- Deposits from customers 11,800,164 5,157,167 11,929,124 4,850,082 - Deposits from other banks 1,536,970 (1,564,107) 1,536,970 (1,564,107) - Securities sold under repurchase agreement (1,814,094) (1,470,163) (1,814,094) (1,470,163) - Acceptance payables (1,613,315) (695,412) (1,613,315) (695,412)
- Taxes payable (61,942) 75,303 (197,349) (12,045)
Income tax paid during the year (744,743) (1,258,759) (689,519) (1,277,823) Net cash provided from/(used in) 28,371,780 3,015,904 28,624,928 2,070,946
operating activities
B. Cash flows from investing activities:
Purchase of fair value through other comprehensive income and amortised cost marketable securities
and government bonds (40,959,371) - (40,959,369) - Purchase of available-for-sale and held-to-maturity
marketable securities and government bonds - (817,585) - (817,585) Sale of fair value through other comprehensive income and
amortised cost marketable securities and government bonds 15,144,027 - 15,145,941 - Sale of available-for-sale and held-to-maturity
marketable securities and government bonds - 3,465,134 - 3,465,134 Addition of investment in subsidiary - (250,000) - - Proceeds from sale of fixed asset 1,914 - 1,914 2,181 Purchase of fixed asset (636,840) (637,353) (679,690) (658,956) Purchase of intangible asset (271,812) (295,869) (272,007) (295,943) Net cash (used in)/provided from investing activities (26,722,082) 1,464,327 (26,763,211) 1,694,831 C. Cash flows from financing activities:
Treasury shares (553) (3,954) (553) (3,954)
Addition of borrowing - 1,668,826 533,463 2,570,056
Marketable securities issued 1,000,000 3,823,000 1,000,000 3,823,000 Payment of interest and borrowings (1,708,789) (1,885,077) (2,376,421) (2,118,959) Payment of principle and interest from bonds
and marketable securities issued (2,747,970) (2,257,672) (2,747,970) (2,257,672) Obtaining subordinate loans - 83,000 - 83,000
Dividend paid (1,392,161) (696,485) (1,392,161) (696,485)
Payment of subordinated loans (1,600,000) - (1,600,000) - Net cash (used in)/provided from financing activities (6,449,473) 731,638 (6,583,642) 1,398,986 Effects on exchange rate differences in cash and cash equivalent 302,450 (435,089) 302,450 (435,089) Net decrease in cash and cash equivalent (4,497,325) 4,776,780 (4,419,475) 4,729,674 Cash and cash equivalent at the beginning of the year 32,432,980 27,656,200 32,458,388 27,728,714 Cash and cash equivalent at the end of the year 27,935,655 32,432,980 28,038,913 32,458,388
Cash and cash equivalent consist of:
Cash 4,776,086 5,691,444 4,777,284 5,693,065
Current accounts with Bank Indonesia 6,221,892 11,395,695 6,221,892 11,395,695 Current accounts with other banks 3,595,427 2,138,408 3,697,487 2,162,195 Interbank placement
- mature within three months or less
since acquisition date 13,342,250 12,133,873 13,342,250 12,133,873 Bank Indonesia certificates and Indonesian Deposit Certificates
- mature within three months or less
since acquisition date - 1,073,560 - 1,073,560 Total cash and cash equivalents 27,935,655 32,432,980 28,038,913 32,458,388 Supplemental cash flows information:
Activities not affecting cash flows - - - -
No. ACCOUNTS
STATEMENTS OF CASH FLOWS For the year ended 31 December 2020 and 2019
BANK CIMB NIAGA CONSOLIDATED
2020 2019 2020 2019
CONSOLIDATED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATIONS
PROFITABILITY RATIO Consolidated
1. Capital Adequacy Ratio (CAR) 21.92% 21.47%
2. Non-Performing Earning Assets and Non-Performing Non-Earning Assets
to Total Earning Assets and Non-Earning Assets 2.16% 1.81%
3. Non-Performing Earning Assets to Total Earning Assets 2.82% 2.42%
4. Allowance for Impairment Losses of Financial Assets to Total Earning Assets 4.99% 2.75%
5. Gross NPL 3.62% 2.79%
6. Net NPL 1.40% 1.30%
7. Return on Asset (ROA) 1.06% 1.86%
8. Return on Equity (ROE) 5.33% 9.03%
9. Net Interest Margin (NIM) 4.88% 5.31%
10. Operating Expenses to Operating Revenues 89.38% 82.44%
11. Cost to Income Ratio (CIR) 48.95% 51.20%
12. Loan to Deposit Ratio (LDR) 82.91% 97.64%
Bank CIMB Niaga
1. Capital Adequacy Ratio (CAR) 21.24% 20.92%
2. Non-Performing Earning Assets and Non-Performing Non-Earning Assets
to Total Earning Assets and Non-Earning Assets 2.15% 1.83%
3. Non-Performing Productive Assets to Total Productive Assets 2.84% 2.45%
4. Allowance for Impairment Losses of Financial Assets to Total Earning Assets 5.11% 2.76%
5. Gross NPL 3.65% 2.82%
6. Net NPL 1.42% 1.31%
7. Return on Asset (ROA) 0.99% 1.78%
8. Return on Equity (ROE) 5.12% 8.99%
9. Net Interest Margin (NIM) 4.75% 5.16%
10. Operating Expenses to Operating Revenues 89.63% 82.89%
11. Cost to Income Ratio (CIR) 49.36% 50.70%
12. Loan to Deposit Ratio (LDR) 81.45% 96.03%
COMPLIANCE-Bank CIMB Niaga
1. a. Percentage Violation 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. Statutory Reserve*
a. Primary Statutory Reserve (Rupiah)
- Daily 2.36% 4.92%
- Avarage 3.16% 6.10%
b. Primary Statutory Reserve (Foreign currency) 4.05% 8.08%
3. Overall Net Open Position (NOP) ** 1.77% 3.63%
*
** The calculation of NOP including statement of financial position's accounts and administrative accounts.
FINANCIAL RATIOS 31 December 2020 and 2019
No. ACCOUNTS 2020 2019
As at 31 December 2020, Bank CIMB Niaga’s Minimum Statutory Reserves complies with Bank Indonesia Regulation No. 22/10/PBI/2020
regarding Minimum Statutory Reserves in Rupiah and Foreign Currencies for Conventional Commercial Banks, Sharia Commercial Banks, and
Sharia Business Unit dated 28 July 2020 and Governor Members Regulation No 22/19/PADG/2020 dated 29 July 2020 regarding the sixth
Amendment of Governor Members Regulation No. 20/10/PADG/2018 regarding Minimum Statutory Reserves in Rupiah and Foreign Currencies for
Conventional Commercial Banks, Sharia Commercial Banks, and Sharia Business Unit, and Press Conference BI No. 22/30/DKOM which effective
since 1 August 2020.
CONSOLIDATED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION
(in million Rupiah)
Hedging Trading Receivables Payables
A. Exchange Rate Related
1. Spot 5,354,721 - 5,354,721 167,486 1,789 2. Forward 13,157,507 - 13,157,507 61,671 58,909 3. Option
a. Sell - - - - - b. Purchased 17,806,622 - 17,806,622 251,546 309,898 4. Future - - - - - 5. Swap 18,299,914 - 18,299,914 56,148 89,488 6. Other - - - - - B. Interest Rate Related
1. Forward - - - - - 2. Option
a. Sell - - - - - b. Purchased - - - - - 3. Future 19,670,000 - 19,670,000 138 25,213 4. Swap 32,447,938 2,377,995 30,069,943 822,297 253,054 5. Other - - - - - C. Others - - - - -
TOTAL 106,736,702 2,377,995 104,358,707 1,359,286 738,351 SPOT AND DERIVATIVE TRANSACTIONS
31 December 2020
Purposes Derivative Receivables and Payables Notional Amount
BANK CIMB NIAGA TRANSACTIONS
No.
CONSOLIDATED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATIONS
Corporate Retail
Loans Loans Housing Loans Non Housing Loans
Prime Lending Rate 9.40% 9.95% 9.50% 9.95%
Notes:
a.
b.
c.
Based on Business Segments
Consumer Loans Prime Lending Rate
(% per year) 31 December 2020
Prime Lending Rate (PLR) is used as the basis in determining lending rate to customer by the Bank. PLR does not take into account the estimated risk premium component which depends on the estimated Bank's assessment towards the risk of each debtor/debtor's group by considering the debtor's financial condition, prospect of loan repayment, prospect of debtor's industry and loan tenor Thus, the interest rate charged to the debtor may not be the same as PLR.
Consumer loans of non housing loans does not include the lending of funds through credit cards and loans without collateral ( Kredit Tanpa Agunan / KTA) .
PLR information at any time can be seen in publications in any office of the Bank and/or website
(www.cimbniaga.co.id).
CONSOLIDATED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATIONS
Board of Commisioners Ultimate Shareholders
i President Commissioner : Didi Syafruddin Yahya a)
i Vice President Commissioner : Glenn Muhammad Surya Yusuf c) CIMB Group Holdings Berhad, Malaysia
i Independent Commissioner : Sri Widowati (through CIMB Group Sdn Bhd, Malaysia) 91.48%
i Independent Commissioner : Jeffrey Kairupan
i Commissioner : David Richard Thomas Non ultimate shareholders through capital market (> 5 %) Nil
i Commissioner : Dato’ Abdul Rahman Ahmad e)
Non ultimate shareholders not through capital market (> 5 %) Nil
Ultimate Shareholder PT Bank CIMB Niaga Tbk Shareholders of CIMB Group Holdings Berhad, Malaysia:
Directors · Khazanah Nasional Berhad, Malaysia 27.22%
i President Director : Tigor M. Siahaan · Employee Provident Fund, Malaysia 15.99%
i Director : Lee Kai Kwong · Others and public 56.79%
i Director : Vera Handajani
i Director : John Simon
i Director : Lani Darmawan
i Director : Pandji Pratama Djajanegara
i Director : Tjioe Mei Tjuen c)
i Compliance Director : Fransiska Oei
a) Effective on 7 July 2020.
b) Effective on 16 September 2020.
c) Appointed on the extraordinary GMS on 25 September 2020 and effective after obtaining approval from OJK and/or has fulfilled the requirements as determined on the OJK approval.
d) Effective on 3 November 2020.
Notes:
1
2 a.
b.
c.
d.
e.
3
4 5
Jakarta, 19 February 2021
Lee Kai Kwong Tigor M. Siahaan
Director President Director
This Publication report has been prepared based on the consolidated financial statements of PT Bank CIMB Niaga Tbk and Subsidiaries as of 31 December 2020 and 2019 (audited) which prepared by management in accordance with Indonesian Financial Accounting Standards, which audited by KAP Tanudiredja, Wibisana, Rintis & Rekan - a member firm of PwC Global Network (with Drs. Irhoan Tanudiredja, CPA, as partner in charge), an independent auditor, based on Auditing Standard as determined by the Indonesian Institute of Certified Public Accountants, with unmodified opinion, as stated in its report dated 17 February 2021, which not included in this publication. The financial information above does not include notes to the consolidated financial statements.
The financial information above is intended to fulfilled and prepared in accordance with:
Financial Services Authority (FSA) regulation No.32/POJK.03/2016 dated 8 August 2016 which has been ammended by Financial Services Authority (FSA) regulation No.37/POJK.03/2019 concerning "Transparency and Publication of Bank Reports".
Financial Services Authority (FSA) circular letter No.09/SEOJK.03/2020 dated 30 June 2020 concerning "Transparency and Publication of Commercial Bank Reports".
BOARD OF COMMISIONERS AND DIRECTORS SHAREHOLDERS
The consolidated financial statements includes the financial statements of the Subsidiaries, PT CIMB Niaga Auto Finance and PT CIMB Niaga Sekuritas.
Exchange rate as of 31 December 2020: 1 USD = Rp 14,050.0 ; as of 31 December 2019: 1 USD = Rp 13,882.5
Financial Services Authority (FSA) regulation No.34/POJK.03/2016 dated 22 September 2016 concerning amandment of POJK No.11/POJK.03/2016 concerning "Minimum Capital Adequacy Requirement for Commercial Banks".
Capital Market Supervisory Agency & Financial Institution (Bapepam LK, which its function has been transferred to the Financial Services Authority (FSA) effective since 1 January 2013) regulation No.X.K.2 Attachment of Decision of Chairman of Bapepam-LK Decree No.KEP-346/BL/2011 dated 5 July 2011 concerning "Submission of Periodical Financial Report of Issuers or Public Companies".
Bapepam-LK regulation No. VIII.G.7. which is an Attachment of Decision of Chairman of Bapepam-LK No. Kep-347/BL/2012 concerning "Presentation and Disclosure of Financial Statements of Issuers or Public Companies"
replacing Chairman of Bapepam-LK's Decree No. KEP-554/BL/2010 dated 30 December 2010 concerning "Change of Decision of Chairman of Bapepam No. KEP-06/PM/2000 dated 13 March 2000 regarding Guidelines for Presentation of Financial Statements".
Basic earnings per share is calculated by dividing net income available to shareholders with the weighted average of ordinary shares outstanding during the year. The weighted average of ordinary shares outstanding is calculated based on the number of ordinary shares outstanding at the position at the end of each month in accordance with data from the Securities Administration Bureau. For the year ended 31 December 2020 and 2019, the calculation of the weighted average of ordinary shares outstanding has considered the number of treasury shares.
