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 (Million Rupiah)
Jakarta 12190 2007 2008 2009
Phone (021) 5140-1688 (Hunting) Total Assets 270,809 421,304 518,268
Fax (021) 5140-1697/98 Current Assets 81,975 95,385 155,434
of which
Website: www.abdainsurance.co.id Cash and Cash Equivalents 19,408 11,815 20,618
E-mail: contactus@abdainsurance.co.id Premium receivables 60,644 56,836 98,664
Business General Insurance Receivable from reinsurers 1,763 3,870 13,359
Non-current Assets 188,834 325,919 362,834
Company Status PMA of which
Fixed Assets-Net 26,212 35,782 33,452
Financial Performance: In 2009, the Company booked Investment 141,583 283,208 327,144
Other Assets 19,052 1,233 1,361
net income at IDR26.055 billion, step up from IDR14.087 bil-
Liabilities 166,060 302,494 394,265
lion booked in previous year. Increase in net income was partly Current Liabilities 100,255 166,958 225,096
from increase in total premium income from IDR251 billion to of which
Claims payable 5,737 11,369 17,529
IDR336 billion. Payable to reinsurers 775 26,350 2,399
Brief History: PT. Asuransi Bina Dana Arta Tbk, was es- Non-current Liabilities 65,805 135,537 169,169

tablished and located in Jakarta as per Notarial Deed from Kar- Shareholders' Equity 104,750 118,810 124,003
Paid-up capital 89,849 89,849 89,849
tini Mulyadi SH, No. 78 dated October 12, 1982. Paid-up capital
The Company is engaged in providing general insurance in excess of par value 5,649 5,649 5,649
Retained earnings 9,252 23,312 28,505
for : Fire, Motor Vehicles, Engineering, Liabilities, Marine Cargo,
Revenue 144,558 267,246 358,245
Heavy Equipment, Health, Miscellaneous and others. Operating Expenses 125,585 251,367 329,935
In its first year, the Company’s name was PT. Asuransi Operating Profit (Loss) 18,973 15,879 28,310
Other Income (Expenses) 2,990 4,120 2,750
Bina Dharma Arta and in 1994 changed into PT. Dharmala in- Profit (Loss) before Taxes 21,963 19,999 31,061
surance. The Company was renamed PT. Asuransi Bina Dana Profit (Loss) after Taxes 12,940 14,087 26,055

Arta Tbk, also known as ABDA Insurance since 1999. Revenue Breakdown
Premium Income 167,856 334,198 438,182
At present, the Company’s head office is located in Plaza Investment Income (expenses) 18,828 15,376 21,971
ABDA, Jl. Jend. Sudirman, Kav. 59, Jakarta. It operates through Expense Breakdown
29 branches and representative offices. Besides, we are expand- Reinsurance Premiums 10,174 17,104 84,495
Claims Paid 73,681 150,644 214,462
ing our network all over Indonesia. Others 79,741 27,494 14,720

Per Share Data (Rp)

Earnings (Loss) per Share 47 51 94
Equity per Share 379 430 449
Dividend per Share n.a n.a n.a
Closing Price 220 190 300

Financial Ratios
PER (x) 4.69 3.72 3.18
PBV (x) 0.58 0.44 0.67
Dividend Payout (%) n.a n.a n.a
Dividend Yield (%) n.a n.a n.a

Operating Profit Margin (x) 0.13 0.06 0.08

Net Profit Margin (x) 0.09 0.05 0.07
Expense Ratio (x) 0.75 0.75 0.75
Loss Ratio (x) 0.44 0.45 0.49
Solvency Ratio (x) 0.66 0.37 0.35
ROI (%) 4.78 3.34 5.03
ROE (%) 12.35 11.86 21.01

PER = 2.60x ; PBV = 0.74x (June 2010)

Financial Year: December 31
Public Accountant: Hendrawinata Gani & Hidayat

(million rupiah)
2010 2009
June June

Total Assets 740,899 417,748

Current Assets 190,823 113,486
Non-Current Assets 550,076 304,262
Shareholders Liabilities
RBS Coutts Bank Ltd., Singapore 37.58% Shareholders' Equity 159,433 123,353
ABN AMRO Bank N.V. Singapore, Net Sales 212,406 157,355
Branch S/A Account Clients 36.12% Profit after Taxes 32,034 15,247
The Bank of New York as Custodian
or Trustee for Non Treaty Accounts 17.76% ROI (%) 4.32 3.65
Public 8.54% ROE (%) 20.09 12.36

656 Indonesian Capital Market Directory 2010

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 Candra Gunawan
Commissioners Tyrone Kaskam Awan, Murniaty Kartono Directors Jeni Wirjadinata, Doddy Sjachroerodly,
Freddy Wijaya, Eka Listiani Kartono

Number of Employees 458

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 and Traded Chart

Stock Price (Rp) Thousand Shares
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Institute for Economic and Financial Research 657