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Summary of Financial Statement PT Asuransi Bina Dana Arta Tbk 2008

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Summary of Financial Statement PT Asuransi Bina Dana Arta Tbk 2008 Powered By Docstoc
					PT Asuransi Bina Dana Arta Tbk.
(Formerly PT Dharmala Insurance Tbk)                                                                                                               Insurance


Head Office                   Plaza ABDA 27th Floor                     Summary of Financial Statement
                              Jl. Jend. Sudirman Kav. 59
                              Jakarta 12190                                                                                        (million rupiah)
                              Phone (021) 5140-1688 (Hunting)                                                             2005             2006          2007
                              Fax (021) 5140-1697-8                     Total Assets                                   217,519         235,198        270,809
                              E-mail:                                   Current Assets                                  36,232          51,299         81,975
                              abda_ho@abdainsurance.co.id                of which
Business                      General Insurance                              Cash and Cash Equivalents                   5,406           7,691         19,408
Company Status                PMA                                            Premium receivables                        25,444          40,708         60,644
                                                                             Receivable from reinsurers                  5,336           2,842          1,763
    Financial Performance: The Company booked net profit at             Non-current Assets                             181,286         183,900        188,834
IDR12.940 billion in 2007, increasing significantly from IDR1.766       of which
billion booked in 2006. The higher net profit was in line with higher        Fixed Assets-Net                           28,313          28,926         26,212
operational profit at IDR18.973 billion, while last year booked              Investment                                124,224         128,423        141,583
                                                                             Other Assets                               26,479          24,849         19,052
operational loss at IDR65 million.
    Brief History: Established in 1982, PT Asuransi Bina Dana Arta,     Liabilities                                    111,183         121,401        166,060
member of Dharmala Group, operates in general insurance busi-           Current Liabilities                             32,607          57,599        100,255
ness, consisting of liablility, health, accident, fire, motor car        of which
                                                                             Claims payable                              3,199          16,041          5,737
                                                                             Payable to reinsurers                         639           3,558            775
                                                                        Non-current Liabilities                         78,576          63,801         65,805
                                                                        Shareholders' Equity                           106,335         113,798        104,750
                                                                            Paid-up capital                             89,849          89,849         89,849
                                                                            Paid-up capital
                                                                                   in excess of par value                5,649           5,649          5,649
                                                                            Retained earnings                           10,838          18,300          9,252
                                                                        Revenue                                        153,653         160,868        144,558
                                                                        Operating Expenses                             167,882         160,933        125,585
                                                                        Operating Profit (Loss)                         (14,228)            (65)       18,973
                                                                        Other Income (Expenses)                           2,057          2,252          2,990
                                                                        Profit (Loss) before Taxes                      (12,172)         2,187         21,963
                                                                        Profit (Loss) after Taxes                        (8,396)         1,786         12,940

                                                                        Revenue Breakdown
                                                                        Premium Income                                 173,911         174,643        167,856
                                                                        Investment Income (expenses)                     5,006           4,243         18,828
                                                                        Expense Breakdown
                                                                        Reinsurance Premiums                            14,954          16,281         10,174
                                                                        Claims Paid                                    103,656          96,477         73,681
                                                                        Others                                          56,460          68,777         79,741

                                                                        Per Share Data (Rp)
                                                                        Earnings (Loss) per Share                           (30)             6            47
                                                                        Equity per Share                                   385             412           379
                                                                        Dividend per Share                                   n.a            n.a           n.a
                                                                        Closing Price                                      280             220           220
                                                                        Financial Ratios
                                                                        PER (x)                                           (9.21)         34.00           4.69
                                                                        PBV (x)                                            0.73           0.53           0.58
                                                                        Dividend Payout (%)                                  n.a            n.a            n.a
                                                                        Dividend Yield (%)                                   n.a            n.a            n.a
                                                                        Operating Profit Margin (x)                          n.a            n.a          0.13
                                                                        Net Profit Margin (x)                                n.a          0.01           0.09
                                                                        Expense Ratio (x)                                  0.97           0.92           0.75
                                                                        Loss Ratio (x)                                     0.60           0.55           0.44
                                                                        Solvency Ratio (x)                                 0.67           0.72           0.66
                                                                        ROI (%)                                           (3.86)          0.76           4.78
                                                                        ROE (%)                                           (7.90)          1.57          12.35

                                                                        PER = 0.51x ; PBV = 0.01x (June 2008)
Shareholders                                                            Financial Year: December 31
RBS Coutts Bank Ltd., Singapore                              37.58%     Public Accountant: Hendrawinata Gani & Hidayat
ABN AMRO Nominees                                            36.12%
The Bank of New York                                         17.76%
Public                                                        8.54%


652                                                                                                         Indonesian Capital Market Directory 2008
PT Asuransi Bina Dana Arta Tbk.
(Formerly PT Dharmala Insurance Tbk)                                                                                                         Insurance



Board of Commissioners                                                    Board of Directors
President Commissioner Tjan Soen Eng                                      President Director Robert Sutanto
Commissioners Thio Gwan Po Micky, Murniaty Kartono                        Directors Candra Gunawan, Rudi Rusdianto
                                                                                     Dody Sjachroerodly

                                                                          Number of Employees         414

      No    Type of Listing                             Listing Date            Trading Date         Number of Shares                Total Listed
                                                                                                           per Listing                   Shares

       1    First Issue                                   06-Jul-89               06-Jul-89                     900,000                900,000
       2    Company Listing                              25-Aug-89               25-Aug-89                    4,500,000              5,400,000
       3    Private Placement                            07-Aug-90               07-Aug-90                      200,000              5,600,000
       4    Right Issue                                  07-Aug-90               07-Aug-90                    3,240,000              8,840,000
       5    Dividen Shares                               06-Oct-93               06-Oct-93                      886,000              9,726,000
       6    Cooperative                                  06-Oct-93               06-Oct-93                      100,000              9,826,000
       7    Bonus Shares                                 26-Feb-96               26-Feb-96                    7,860,800             17,686,800
       8    Stock Split                                  16-Dec-96               16-Dec-96                   17,686,800             35,373,600
       9    Right Issue                                  15-Jan-02               06-Feb-02                   70,747,200            106,120,800
      10    Bonus Shares                                  7-Aug-03                7-Aug-03                   31,836,240            137,957,040
      11    Right Issue                                  21-Dec-04               21-Dec-04                  137,957,040            275,914,080
Underwriters
PT INDOVEST, PT MERINCORP
Stock Price, Frequency, Trading Days, Number and Value of Shares Traded and Market Capitalization
                              Stock Price                     Shares Traded                             Trading           Listed            Market
Month                  High         Low     Close               Volume           Value    Frequency        Day            Shares      Capitalization
                       (Rp)         (Rp)     (Rp)      (Thousand Shares)   (Rp Million)                                                 (Rp Million)
January-07              220          200      220                283.00          59.00          10             2    275,914,080           60,701.00
February-07             220          200      200                 25.00           5.00           5             2    275,914,080           55,183.00
March-07                135          135      135                  1.00           0.10           1             1    275,914,080           37,248.00
April-07                169          111      160                146.00          20.00          12             3    275,914,080           44,146.00
May-07                  161          161      161                 12.00           2.00           2             2    275,914,080           44,422.00
June-07                 161          161      161                  3.00           0.50           1             1    275,914,080           44,422.00
July-07                 210          181      210                 67.00          12.00          14             4    275,914,080           57,942.00
August-07               210          210      210                  1.00           0.20           2             2    275,914,080           57,942.00
September-07            220          210      220                 33.00           7.00           3             2    275,914,080           60,701.00
October-07                0             0     220                  0.00           0.00           0             2    275,914,080           60,701.00
November-07               0             0     220                  0.00           0.00           0             0    275,914,080           60,701.00
December-07               0             0     220             23,294.00       4,658.80           2             1    275,914,080           60,701.00
January-08                0             0     220             99,711.00      19,942.00           2             2    275,914,080           60,701.00
February-08             185          150      185                 23.00           4.00           5             4    275,914,080           51,044.00
March-08                199          190      190                  5.00           1.00           3             1    275,914,080           52,424.00
April-08                  0             0     190                  0.00           0.00           0             0    275,914,080           52,424.00
May-08                  193          191      193                  3.00           1.00           6             3    275,914,080           53,251.00
June-08                 325          200      230                 30.00           7.00          19             9    275,914,080           63,460.00


Stock Price and Traded Chart
           Stock Price (Rp)                                                                                          Thousand Shares
 350                                                                                                                                          200
                                                                                                                                              180
 300
                                                                                                                                              160
 250                                                                                                                                          140
 200                                                                                                                                          120
                                                                                                                                              100
 150                                                                                                                                          80
 100                                                                                                                                          60
                                                                                                                                              40
      50
                                                                                                                                              20
  -                                                                                                                                           -
       Jan-    Feb- Mar-      Apr- May- Jun-    Jul-    Aug- Sep- Oct-       Nov- Dec- Jan-       Feb- Mar-        Apr- May- Jun-
        07      07  07         07   07   07      07      07   07   07         07   07   08         08   08          08   08   08

Institute for Economic and Financial Research                                                                                                     653

				
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