BANK INDONESIA
Notes to Financial Statements As at December 31, 2008
29 December 23, 2008 considering the revocation and liquidation of the banks’ BBO-
BBKU business licenses by IBRA in 2004. Bank Indonesia has adequately anticipated the estimated loss of claims due to the
interest of FSD and KUT in arrears.
b. Claim on Others in Foreign Currency
Claims on others in foreign currency as at December 31, 2008 was zero and at December 31, 2007 amounted to USD118,553,762.49 or equivalent to
IDR1,116,658 million. In accordance with Board of Governor Meeting decision dated December 23, 2008, BI has written-off claims of export notes from one of the ex-
Bank in Liquidation amounted to USD118,553,762.49, including USD112,7 million that has been transferred to the Government Ministry of Finance through Bank
Indonesia Letter Numbered 101DpGUKPA dated February 29, 2008 based on Board of Governor Meeting decision dated September 18, 2007.
12. Equity Participation
Bank Indonesia holds several equity participations in banks and other financial institutions, with details as follows:
Percentage of
Ownership December 31,
2008 Percentage
of Ownership
December 31,
2007
IDR million IDR million
Equity participation in: - Bank for International Settlements BIS
- PT. Asuransi Kredit Indonesia 0.55
17.60 712,753
220,000 0.55
55.00 620,806
220,000 - NV. Indover Bank Amsterdam
100.00 100.00
53,905 - PT. Bahana Pembinaan Usaha Indonesia
BPUI 82.22
82.22
932,753 894,711
a. Bank Indonesia’s equity participation in BIS is based on Act of the Republic of Indonesia Number 23 of 1999 concerning Bank Indonesia as amended by Act of the
Republic of Indonesia Number 3 of 2004, Article 57, which states that Bank Indonesia may establish cooperation with other central banks, organizations and
international institutions. DPR-RI had approved of the equity participation in BIS. The purpose of the equity participation is to gain more access in BIS decision-making
activities, to utilize the provided facilities, as well as to increase the international investors’ confidence towards Indonesia and cooperation with other central banks
concerning monetary policy, financial system stability, payment system and banking regulation. On September 29, 2003, Bank Indonesia purchased 3000 shares 0.55
of total issued shares with nominal value of SDR5,000shares and total acquisition cost of SDR42,054,000.00. The balance of the equity participation as at December
31, 2008 is equivalent to IDR712,753 million.
