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b. This consolidated financial statement should be accompanied by the opinion of Public Accountant.
c. The Financial Statement of the Parent Company audited by Public Accountant consists of: 1 The Financial Statement of the Parent Company is the consolidation of all companies in the
group in the field of finance in compliance with the applicable standard of accountancy, and includes:
a. Balance Sheet; b. Statement of Profit and Loss;
c. Statement of Changes in Equity; and d. List of Commitment and Contingency
2 If the group of companies does not have any Parent Company in the sector of finance, the financial Statement to be submitted is the financial report of the Parent Company.
d. The audited Financial Report of the Parent Company by Public Accountant, which is a consolidation of all companies in the business group in compliance with the applicable standard
of accountancy, consists of: 1 Balance Sheet;
2 Statement of Profit and Loss; 3 Statement of Changes in Equity; and
4 List of Commitment and Contingency.
3. Opinion of Public Accountant
The opinion of Public Accountant contains among others the point of view of Public Accountant on the consolidated financial statement as referred to in number 2 letter b.
4. Aspect of Transparency related to Business Group
In accordance with Article 25 of Bank Indonesia Regulation No. 322PBI2001 concerning Transparency of Financial Condition of Bank, it is stipulated that Annual Report presented by Bank
should also include information related to activities in the Business Group consisting of: a. The structure of Business Group of Bank, presented up to the ultimate shareholder, and the structure
of management involvement and shareholders acting in concert. The meaning of shareholders acting in concert is individual or companieslegal entity having a common objective which is to
control bank, based on an agreement or not. b. Related party transaction by taking into consideration the following points:
1 Information of transaction with related party conducted by bank or any company or legal entity in the bank business group working in the field of finance;
2 Related...
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Compilation of Indonesian Islamic Banking Regulations
2 Related party is party as stipulated in the applicable Statement of Financial Accountancy Standard PSAK;
3 Types of transaction with related party are, among others: a. cross shareholders;
b. transaction from one business group acting for the interest of other business group; c. management of short term liquidity centralized in one business group;
d. provision of funds distributed or received by other company in one business group; e. exposure to majority shareholder in the form of loan, commitment and guarantee;
f. buying or selling of assets with other company in a business group, including repurchase agreement.
c. Fund provision, commitment or other equal facility of each company or legal entity belonging to one business group with the bank to debtor already obtained fund provision from Bank.
5. Transparency aspect pursuant to the applicable PSAK and PAPSI
Annual Financial Report as referred to in number 2 letter a and number 2 letter b should fulfill all disclosure aspects as stipulated in the applicable Statement of Financial Accountancy Standard for
Sharia bank and PAPSI. The disclosure should at least consist of:
a. Financial Statement comprising balance sheet, statement of profit and loss, statement of changes in equity, report of cash flow, Statement of Changes of Restricted Investment Fund, if any,
Statement of sources and use of zakat, infaq and shadaqah ZIS, as well as Statement of sources and use of qardh funds;
b. Commitment and Contingency; c. Total of earning assets provided to related party;
d. Total of restructured earning assets and other information regarding restructured earning assets during the current period;
e. Classification of earning assets based on time, and quality of earning assets; f.
Percentage of violation and excess of legal lending limit; g. Allowance for earning asset losses PPAP compared to required formation of allowance for
earning asset losses ; h. Calculation on Minimum Capital Adequacy Requirement KPMM;
i. Ratio of Net Open Position;
j. Guaranteed bank asset;
k. Several bank financial ratios; and l.
Small Business Credit KUK
6. Exposure...
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6. Exposure and Risk Management
