APPROPRIATION OF RETAINED EARNINGS

P.T. KLIRING PENJAMINAN EFEK INDONESIA CATATAN ATAS LAPORAN KEUANGAN 31 DESEMBER 2005 DAN 2004 SERTA UNTUK TAHUN-TAHUN BERAKHIR PADA TANGGAL TERSEBUT - Lanjutan P.T. KLIRING PENJAMINAN EFEK INDONESIA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2005 AND 2004 AND FOR THE YEARS THEN ENDED - Continued - 20 - 18. PENDAPATAN USAHA

18. OPERATING REVENUES

2005 2004 Rp Rp Jasa kliring dan penjaminan penyelesaian transaksi Clearing and settlement guarantee perdagangan saham 72.708.500.506 51.327.907.815 services for securities transactions Jasa pengelolaan dana jaminan 845.341.243 - Guarantee fund management services Jasa kliring dan penjaminan penyelesaian transaksi Clearing and settlement perdagangan kontrak berjangka guarantee services for indeks efek 96.747.262 158.295.100 stock index future transactions Lain-lain 66.953.661 57.769.899 Others Jumlah 73.717.542.672 51.543.972.814 Total Sesuai dengan Nota Kesepahaman No. MOU- 001DIRKSEI0104 dan No. PJ-001KPEI0104 tanggal 13 Januari 2004 antara Perusahaan dengan PT KSEI, dan surat Bapepam No. S-3451PM2004 tanggal 8 Nopember 2004, pendapatan atas jasa kliring dan penjaminan penyelesaian transaksi perdagangan saham yang diterima Perusahaan berubah dari 0,0105 menjadi 0,00975 dari nilai transaksi. Based on the Memorandum of Understanding No. MOU-001DIRKSEI0104 and No. PJ- 001KPEI0104 both dated January 13, 2004, and Bapepam’s approval No. S-3451PM2004 dated November 8, 2004, between the Company and PT KSEI, the revenues of the Company derived from clearing and settlement guarantee services transactions has changed from 0.0105 to 0.00975 of transactions value. Berdasarkan Surat Keputusan Ketua Bapepam Nomor Kep-47PM2004 Tanggal 9 Desember 2004 tentang Dana Jaminan, Lembaga Kliring dan Penjaminan dapat mengenakan biaya atas jasa pengelolaan investasi sebanyak-banyaknya 10 sepuluh perseratus dari pendapatan bersih setelah pajak. Biaya jasa pengelolaan dibebankan dalam laporan operasi tahun berjalan. Based on the Decision Letter of the Chairman of Bapepam No. Kep-47PM2004 dated December 9, 2004 regarding Guarantee Fund, the Clearing and Guarantee Institution is allowed to charge investment management fee at maximum of 10 ten percent of net investment income after tax. The management fee is charged to statement of operations for the year. 19. BEBAN GAJI, HONOR DAN TUNJANGAN 19. SALARIES, HONORARIUM AND ALLOWANCE EXPENSES 2005 2004 Rp Rp Direksi dan karyawan 12.047.922.236 9.810.476.741 Directors and employees Bonus 3.343.490.000 1.803.535.000 Bonuses Pesangon dan imbalan pasca Severance payment and post kerja 861.954.456 343.048.500 employment benefits Komisaris 321.750.000 292.500.000 Commissioners Jumlah 16.575.116.692 12.249.560.241 Total P.T. KLIRING PENJAMINAN EFEK INDONESIA CATATAN ATAS LAPORAN KEUANGAN 31 DESEMBER 2005 DAN 2004 SERTA UNTUK TAHUN-TAHUN BERAKHIR PADA TANGGAL TERSEBUT - Lanjutan P.T. KLIRING PENJAMINAN EFEK INDONESIA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2005 AND 2004 AND FOR THE YEARS THEN ENDED - Continued - 21 - 20. BEBAN PENGEMBANGAN USAHA

20. BUSINESS DEVELOPMENT EXPENSES

2005 2004 Rp Rp Asosiasi dan pasar modal 3.843.034.157 835.354.191 Association and capital market Pelatihan 1.037.175.810 50.508.100 Training Sponsor 821.698.842 1.854.444.203 Sponsorship Lainnya 772.132.399 425.888.863 Others Jumlah 6.474.041.208 3.166.195.357 Total 21. BEBAN UMUM DAN ADMINISTRASI 21. GENERAL AND ADMINISTRATIVE EXPENSES 2005 2004 Rp Rp Biaya konsultan 1.080.466.500 947.214.000 Consultant fees Peralatan kantor 1.063.659.426 771.759.362 Office supplies Pelatihan dan literatur 1.015.227.569 1.153.172.166 Training and library Asuransi 864.454.536 798.432.721 Insurance Telekomunikasi 733.358.664 904.354.774 Telecommunications Kendaraan kantor 204.108.030 175.180.999 Office car Listrik dan AC 164.746.286 256.016.170 Electricity and AC Lainnya 867.847.564 936.928.900 Others Jumlah 5.993.868.575 5.943.059.092 Total

22. BEBAN PEMELIHARAAN

TEKNOLOGI INFORMASI

22. INFORMATION TECHNOLOGY MAINTENANCE EXPENSE

Akun ini merupakan beban pemeliharaan perangkat lunak dan perangkat keras sistem komputer. This account represents expense for the maintenance of computer software and hardware and computer system. 23. PENGHASILAN BUNGA 23. INTEREST INCOME 2005 2004 Rp Rp Deposito berjangka 5.704.121.059 2.507.932.037 Time deposits Jasa giro 12.271.672 6.974.269 Current accounts Jumlah 5.716.392.731 2.514.906.306 Total

24. PENGHASILAN IURAN KEANGGOTAAN BANK PEMBAYARAN

24. MEMBERSHIP FEES FROM CLEARING

SETTLEMENT BANKS Akun ini merupakan penghasilan iuran keanggotaan bank pembayaran yang berasal dari Bank Mandiri tahun 2004. This account represents membership fees from clearing settlement banks of Bank Mandiri in 2004.