INVESTM ENT IN SECURITIES
6. INVESTM ENT IN SECURITIES
a. Based on type
Available for sale Sharia m utual fund
-- 6,000,000 H eld to m aturity
Sharia obligation
-- 776,360,323 L/C im port usa nce
-- -- Export bills
4,083,747 786,444,070 Allow ance for possible losses
Net
R atin g
R atin g
T o ta l R atin g
R atin g T o ta l
In s titu tio n
E n titie s
In s titu tio n
E n titie s
Rp
Rp
A vailable for sale R u pia h: PT Pe rm o da la n N a sio na l M a d an i
-- 3,000,000 (Persero) PT Insight
6,000,000 H eld to m aturity
R u pia h: PT Indosat (Persero) Tbk
-- 108,122,000 PT Perkebunan Nusantara (Persero) III
PT Pefindo
idAA +
PT Pefindo
-- 80,000,000 PT Apexindo Pratam a Duta
PT Pefindo
idA
PT Pefindo
-- 77,866,538 PT Perusahaan Listrik Negara
PT Pefindo
idA-
PT Pefindo
-- 65,000,000 PT Berlian Laju Tanker Tbk
PT Pefindo
idA
PT Pefindo
-- 55,998,642 PT Pem bangunan Perum ahan (Persero)
PT Pefindo
idAA -
PT Pefindo
-- 50,000,000 PT Citra Sari M akm ur
PT Pefindo
idBBB-
PT Pefindo
A-
-- PT M oody’s
-- PT Hum puss
Indonesia
-- 44,057,528 PT CSM Corporatam a
-- 43,973,879 PT Perkebunan Nusantara (Persero) VII
PT Pefindo
A-
PT Pefindo
-- 40,352,579 PT Berlina
PT Pefindo
idA
PT Pefindo
PT M oody’s
BBB+
33,544,837 PT M oody’s
-- PT M atahari Putra Prim a Tbk
In donesia
Indonesia
-- 32,801,967 PT Sona Topaz Tourism
PT Pefindo
idA+
PT Pefindo
-- 31,291,625 PT Adhi Karya (Persero)
PT Pefindo
A+
PT Pefindo
-- 30,000,000 PT Bank Syariah M uam alat In donesia
PT Pefindo
idA-
PT Pefindo
23,726,184 Tbk
PT Pefindo
idBBB
-- PT Bank Bukopin Tbk
PT Pefindo
-- 14,165,211 PT Ricky Putra Glo balindo
PT Pefindo
PT M oody’s
Baa1.id
-- -- PT M etrodata I
In donesia
-- -- PT Aneka G as I
PT Pefindo
A 3.id
-- -- PT Arpeni
PT Pefindo
A 3.id
-- -- PT M ayora
PT Pefindo
-- -- SBSN Ijarah Tahun 2008
PT M ayora
-- -- U nited States D ollar:
-- 3,780,554 PT Indonesia Antique
PT Rim ba Sentosa
780,444,070 Total securities
786,444,070 Total allow ance for possible losses
The securities are listed in the Indonesia Stock Exchange. In 2007 the Bank's management changed the policy concerning placements of bonds in the form
of Sharia Bonds to Held to Maturity. Management believes that it is in accordance with the sharia principles and Bank's cautious principles.
Sharia bonds and sharia mutual fund are classified as available for sale based on management intention. As of December 31, 2008 asset net value of Sharia mutual fund is increased by Rp 765,497.
Export bills have remaining term to maturity of less than 3 (three) months. The movement of allowance for possible losses on securities is as follows:
U n ite d S tate s
Balance at beginning of year
139,602 5,022,310 Provision (reversa l of allow ance) during the year
65,666 3,006,561 Translation differences
Based on the management's review and evaluation of the collectibility of all its securities as of December 31, 2008 and 2007, all securities were classified as current. Management believes that the allowance established is adequate to cover possible losses on securities and is in compliance with Bank Indonesia regulations.