BANK INDONESIA
Notes to Financial Statements As at December 31, 2008
45
37. Capital Ratio
The ratio of Capital Capital, General Reserves, and Current Year Surplus to Monetary Liabilities as at December 31, 2008 was 10.38. The Capital and Monetary Liabilities
used in the Capital Ratio calculation at December 31, 2008 amounted to IDR72,798,810 million and IDR701,524,534 million, respectively. The Capital, Monetary Liabilities, and
Capital Ratio as at December 31, 2008 is as follows:
IDR million a. Capital
- Capital 7,610,885
- General Reserves 49,663,865
- 90 of Current Year Surplus 15,524,060
Total
72,798,810
b. Monetary Liabilities - Currency in Circulation
264,399,922 - Government Demand Deposits
97,228,550 - Bank Demand Deposits
85,197,077 - International Financial Institutions Demand Deposits not
including IMF Demand Deposit, World Bank Demand Deposit, and ADB Demand Deposit
652,491 - Bank Indonesia Certificates
253,840,471 - Loans from Government
206,023 Total
701,524,534
c. Capital Ratio Capital + General Reserves + 90 of Current Year Surplus
Monetary Liabilities
= 10.38
BANK INDONESIA
Notes to Financial Statements As at December 31, 2008
46
D. Others 1. Related Party Transactions
Related party transactions consisted of:
December 31, 2008 December 31, 2007
IDR million IDR million
- Claims on Indover Bank 1,487,235
1,283,528 - Employee loans
408,097 306,274
1,895,332 1,589,802
Furthermore, there is LandBuilding used by the Indonesia Banking Development Foundation Yayasan Pengembangan Perbankan Indonesia YPPI Bank Indonesia’s
Employee Welfare Foundation Yayasan Kesejahteraan Karyawan Bank Indonesia YKKBI Bank Indonesia Retired Empoyees Association Persatuan Pensiunan Bank Indonesia –
PPBI Bank Indonesia KORPRI Unit Foundation Yayasan Perguruan KORPRI Unit Bank Indonesia - YASPORBI Bank Indonesia Employee’s Wives association Persatuan Isteri
Pegawai Bank Indonesia PIPEBI in the form of loanrentbuild, operate and transferred BOT.
2. Employee Welfare Funds
Based on Act of the Republic of Indonesia Number 13 of 1968, article 47 paragraph 6, Bank Indonesia is obliged to allocate 7.5 of its after-tax income that has been validated
to employee welfare funds Dana Kesejahteraan Pegawai - DKP. DKP is a source of employee loans. Meanwhile, the remainder of the idle funds are placed in time deposits
and government bonds. Based on the Governor of Bank Indonesia Decree Number 311KEPGBIINTERN2001 dated June 29, 2001, YKK-BI was appointed as the fund
manager of DKP.
As at December 31, 2008, the balance of DKP amounted to IDR864,251 million, which consisted of Bank Indonesia employee loans amounted to IDR408,097 million,
undistributed funds for employees amounted to IDR5,872 million and funds managed by YKK-BI amounted to IDR450,282 million.
3. Commitments and Contingencies a. Two Step Loans
Two Step Loans TSL are loans from financial foreign institutions, such as World Bank, Japan Bank for International Cooperation and Asian Development Bank, for
the Government of the Republic of Indonesia to be channeled to banks through Bank Indonesia. The role of Bank Indonesia in these credit schemes is as the account