INVESTASI PADA SUKUK INVESTMENTS IN SUKUK

NOTES TO FINANCIAL STATEMENTS FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2013 AND 2012 AND THE YEARS ENDED DECEMBER 31, 2012, 2011 AND 2010 AND JANUARY 1, 2010DECEMBER 31, 2009 Continued Model usaha yang diterapkan oleh Bank adalah perolehan arus kas kontraktual masa depan dengan tetap menjaga kondisi likuiditas Bank. Untuk jangka panjang Bank bermaksud untuk memperoleh pendapatan dari kupon sukuk arus kas kontraktual dengan tetap mempertimbangkan tingkat likuiditas tertentu Bank dimana investasi Bank dalam investasi pada sukuk ditujukan sebagai cadangan likuiditas kedua. Business model adopted by the Bank is to obtain the future contractual cash inflows. The Bank has intention to obtain contractual cash inflows while maintaines its liquidity conditions. On long-term basis, the Bank intends to derive income from coupon of its sukuk contractual cash flows while considering certain level of liquidity in the Bank in which the Bank’s investment in the investments in sukuk is intended as a secondary liquidity reserves. Biaya perolehan sukuk yang diukur pada biaya perolehan dan premi diskonto yang belum diamortisasi pada tanggal 30 Juni 2013, 31 Desember 2012, 2011 dan 2010 dan 1 Januari 201031 Desember 2009 adalah sebagai berikut: Cost of sukuk measured at cost and unamortized premium discount as of June 30, 2013, December 31, 2012, 2011, and 2010 and January 1, 2010December 31, 2009 are as follows: 1 Januari 2010 31 Desember 2009 30 JuniJune 30, January 1, 2010 2013 2012 2011 2010 December 31, 2009 Rp000 Rp000 Rp000 Rp000 Rp000 Biaya perolehan 140.105.420 80.172.500 59.852.500 59.852.500 59.852.500 Cost Premium yang belum diamortisasi - bersih 977.762 1.583.761 1.773.382 2.263.499 2.753.123 Unamortized premium - net 31 DesemberDecember 31, Pada tanggal 30 Juni 2013 dan 31 Desember 2012, nilai wajar dari sukuk yang diukur pada biaya perolehan ini masing-masing adalah sebesar Rp 138.264.160 ribu dan Rp 83.378.000 ribu. As of June 30, 2013 and December 31, 2012 the fair value of sukuk measured at cost amounted to Rp 138,264,160 thousand and Rp 83,378,000 thousand, respectively. Nilai wajar pada saat perolehan awal atas sukuk diukur pada nilai wajar pada tanggal 31 Desember 2012 sebesar Rp 59.932.920 ribu. Nilai wajar didasarkan pada harga pasar efek yang terdaftar pada tanggal pelaporan. Keuntungan yang belum direalisasi akibat peningkatan nilai wajar sukuk pada tanggal 31 Desember 2012 sebesar Rp 107.080 ribu diakui dalam laba rugi tahun berjalan. Initial fair value of sukuk measured at fair value as of December 31, 2012 amounting to Rp 59,932,920 thousand. The fair value is based on market price at the reporting date. Unrealized gain due to the increase in fair value of sukuk as of December 31, 2012 amounted to Rp 107,080 thousand which were charged to profit or loss. Tingkat bagi hasil rata-rata per tahun adalah sebagai berikut: The average yield per annum are as follows: 1 Januari 2010 30 Juni 31 Desember 2009 June 30, January 1, 2010 2013 2012 2011 2010 December 31, 2009 Surat Berharga Syariah Negara 8,75 8,75 10,82 10,82 11,80 Government Sharia Bonds Sukuk Ijarah Indosat IV Tahun 2009 Seri B 11,75 11,75 11,75 11,75 11,75 Sukuk Ijarah Indosat IV Tahun 2009 Seri B Sukuk Negara Retail Seri SR - 004 6,25 6,25 - - - Sukuk Negara Retail Series SR - 004 Sertifikat Bank Indonesia Syariah - - 7,28 - - Bank Indonesia Sharia Certificates 31 DesemberDecember 31, 212 NOTES TO FINANCIAL STATEMENTS FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2013 AND 2012 AND THE YEARS ENDED DECEMBER 31, 2012, 2011 AND 2010 AND JANUARY 1, 2010DECEMBER 31, 2009 Continued Jangka waktu sukuk sejak tanggal pembelian hingga tanggal jatuh tempo adalah sebagai berikut: The terms of the above sukuk from acqusition dates to the maturity dates are as follows: 1 Januari 2010 30 Juni 31 Desember 2009 June 30, January 1, 2010 2013 2012 2011 2010 December 31, 2009 Surat Berharga Syariah Negara 70 - 303 bulanmonths 70 - 303 bulanmonths 70 bulanmonths 70 bulanmonths 70 bulanmonths Government Sharia Bonds Sukuk Ijarah Indosat IV Tahun 2009 Seri B 84 bulanmonths 84 bulanmonths 84 bulanmonths 84 bulanmonths 84 bulanmonths Sukuk Ijarah Indosat IV Tahun 2009 Seri B Sukuk Negara Retail Seri SR - 004 42 bulanmonths 42 bulanmonths - - - Sukuk Negara Retail Series SR - 004 Sertifikat Bank Indonesia Syariah - - 9 bulanmonths - - Bank Indonesia Sharia Certificates 31 DesemberDecember 31, Kualitas sukuk pada tanggal 30 Juni 2013, 31 Desember 2012, 2011 dan 2010 dan 1 Januari 201031 Desember 2009 dikelompokkan lancar. The investments in sukuk as of June 30, 2013 , December 31, 2012 , 2011 and 2010 and January 1, 2010December 31, 2009 were classified as current . Mutasi cadangan kerugian penurunan nilai sukuk adalah sebagai berikut: The changes in allowance for impairment losses on sukuk are as follows: 30 Juni June 30, 2013 2012 2011 2010 Rp000 Rp000 Rp000 Rp000 Saldo aw al 50.003 50.004 50.030 50.005 Beginning balance Penyisihan pemulihan 1 1 26 25 Provision reversal of provision Saldo akhir 50.002 50.003 50.004 50.030 Ending balance 31 DesemberDecember 31, Manajemen berpendapat bahwa cadangan kerugian penurunan nilai sukuk adalah cukup untuk menutup kerugian yang mungkin timbul akibat tidak tertagihnya sukuk. Management believes that the allowance for impairment losses on sukuk is adequate to cover the losses which might arise from uncollectible sukuk. 9. PIUTANG MURABAHAH 9. MURABAHAH RECEIVABLES Jenis dan kualitas piutang Murabahah pada tanggal 30 Juni 2013, 31 Desember 2012, 2011 dan 2010 dan 1 Januari 201031 Desember 2009 adalah sebagai berikut: The type and quality of Murabahah receivables as of June 30, 2013, December 31, 2012, 2011 and 2010 and January 1, 2010December 31, 2009 are as follows: Dalam perhatian Lancar khusus Kurang lancar Diragukan Macet Jumlah Pass Special mention Substandard Doubtful Loss Total Rp000 Rp000 Rp000 Rp000 Rp000 Rp000 Investasi 640.009.381 133.949.709 4.248.679 675.548 - 778.883.317 Investment Konsumsi 299.061.952 46.793.351 3.889.314 653.444 - 350.398.061 Consumer Modal kerja 104.391.576 13.816.881 - - - 118.208.457 Working capital Jumlah 1.043.462.909 194.559.941 8.137.993 1.328.992 - 1.247.489.835 Total Cadangan kerugian penurunan nilai 1.150.245 5.039.180 1.174.734 496.976 - 7.861.135 Allow ance for impairment losses Piutang Murabahah - Bersih 1.042.312.664 189.520.761 6.963.259 832.016 - 1.239.628.700 Murabahah Receivables - Net 30 JuniJune 30, 2013 213 NOTES TO FINANCIAL STATEMENTS FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2013 AND 2012 AND THE YEARS ENDED DECEMBER 31, 2012, 2011 AND 2010 AND JANUARY 1, 2010DECEMBER 31, 2009 Continued Dalam perhatian Lancar khusus Kurang lancar Diragukan Macet Jumlah Pass Special mention Substandard Doubtful Loss Total Rp000 Rp000 Rp000 Rp000 Rp000 Rp000 Investasi 307.774.980 169.314.981 1.814.405 295.284 - 479.199.650 Investment Konsumsi 197.181.823 48.127.115 952.241 - - 246.261.179 Consumer Modal kerja 45.505.654 - - - - 45.505.654 Working capital Jumlah 550.462.457 217.442.096 2.766.646 295.284 - 770.966.483 Total Cadangan kerugian penurunan nilai 152.594 672.105 87.531 27.026 - 939.256 Allow ance for impairment losses Piutang Murabahah - Bersih 550.309.863 216.769.991 2.679.115 268.258 - 770.027.227 Murabahah Receivables - Net 31 DesemberDecember 31, 2012 Disajikan kembali Catatan 39As restated Note 39 Dalam perhatian Lancar khusus Kurang lancar Diragukan Macet Jumlah Pass Special mention Substandard Doubtful Loss Total Rp000 Rp000 Rp000 Rp000 Rp000 Rp000 Investasi 175.133.247 5.563.927 204.816 1.077.958 - 181.979.948 Investment Konsumsi 140.285.305 19.280.753 3.777.756 693.467 - 164.037.281 Consumer Modal kerja 38.470.166 - - - - 38.470.166 Working capital Jumlah 353.888.718 24.844.680 3.982.572 1.771.425 - 384.487.395 Total Cadangan kerugian penurunan nilai 36.568 13.915 99.521 813.655 - 963.659 Allow ance for impairment losses Piutang Murabahah - Bersih 353.852.150 24.830.765 3.883.051 957.770 - 383.523.736 Murabahah Receivables - Net 31 DesemberDecember 31, 2011 Disajikan kembali Catatan 39As restated Note 39 1 Januari 2010 31 Desember 2009 31 Desember January 1, 2010 December 31, 2010 December 31, 2009 Lancar Lancar Pass Pass Rp000 Rp000 Konsumsi 15.959.035 1.614.638 Consumer Investasi 15.565.222 - Investment Modal kerja 9.580.354 - Working capital Jumlah 41.104.611 1.614.638 Total Cadangan kerugian penurunan nilai 16.525 - Allow ance for impairment losses Piutang Murabahah - Bersih 41.088.086 1.614.638 Murabahah Receivables - Net Disajikan kembali Catatan 39 As restated Note 39 Jangka waktu piutang diklasifikasikan berdasarkan periode dalam perjanjian piutang adalah sebagai berikut: Receivables classified based on the term of the receivables agreements are as follows: 1 Januari 2010 30 Juni 31 Desember 2009 June 30, January 1, 2010 2013 2012 2011 2010 December 31, 2009 Rp000 Rp000 Rp000 Rp000 Rp000 ≤ 1 tahun 8.583.937 45.043.181 18.850.257 2.893.304 - ≤ 1 year 1 - 2 tahun 182.768.358 116.383.015 2.573.814 416.643 - 1 - 2 years 2 - 5 tahun 939.400.098 568.655.691 331.744.913 25.522.570 435.171 2 - 5 years 5 tahun 116.737.442 40.884.596 31.318.411 12.272.094 1.179.467 5 years Jumlah 1.247.489.835 770.966.483 384.487.395 41.104.611 1.614.638 Total Cadangan kerugian penurunan nilai 7.861.135 939.256 963.659 16.525 - Allow ance for impairment losses Jumlah Piutang Murabahah - Bersih 1.239.628.700 770.027.227 383.523.736 41.088.086 1.614.638 Total Murabahah Receivables - Net Disajikan kembali Catatan 39 As restated Note 39 31 DesemberDecember 31, 214