Circular Letter of the Financial Services Authority Number 23/SEOJK.05/2019 Concerning the Business Plan of Financing Companies and Sharia Financing Companies — OJK — ID

To:

The Board of Directors of Financing Companies; and
The Board of Directors of Sharia Financing Companies,
At their respective locations.

COPY

CIRCULAR LETTER OF THE FINANCIAL SERVICES AUTHORITY NUMBER 23 /SEOJK.05/2019

CONCERNING

BUSINESS PLANS OF FINANCING COMPANIES AND SHARIA FINANCING COMPANIES

In accordance with the mandate of Article 7 paragraph (3), Article 14 paragraph (5), Article 15 paragraph (5), and Article 19 of the Financial Services Authority Regulation Number 24/POJK.05/2019 concerning Business Plans of Non-Bank Financial Service Institutions (State Gazette of the Republic of Indonesia Year 2019 Number 175, Supplement to the State Gazette of the Republic of Indonesia Number 6392), it is necessary to regulate the scope of business plans, the form and structure of business plan realization reports, the form and structure of business plan supervision reports, and the procedures for submitting business plans, adjusting business plans, changing business plans, business plan realization reports, and business plan supervision reports for financing companies and Sharia financing companies in this Financial Services Authority Circular Letter as follows:

I. GENERAL PROVISIONS

Company means a financing company and a Sharia financing company.
Financing Company means a business entity that conducts financing activities for goods and/or services.
Sharia Financing Company means a Financing Company whose entire business activities conduct Sharia financing.
Sharia Financing means the disbursement of financing conducted based on Sharia principles by a Sharia Financing Company.
Sharia Business Unit, hereinafter abbreviated as UUS, is a work unit of the Financing Company's headquarters that conducts Sharia Financing and/or functions as the parent office of offices that conduct Sharia Financing.
Business Plan means a written document describing the Company's development plans and business activities over a specific period, as well as strategies to realize such plans in accordance with established targets and timelines.
Board of Directors means the board of directors as referred to in Law Number 40 of 2007 concerning Limited Liability Companies for Companies in the form of a limited liability company or equivalent to the Board of Directors for Companies in the form of a cooperative legal entity.
Board of Commissioners means the board of commissioners as referred to in Law Number 40 of 2007 concerning Limited Liability Companies for Companies in the form of a limited liability company or equivalent to the Board of Commissioners for Companies in the form of a cooperative legal entity.
Business Plan Realization Report is a report prepared by the Board of Directors regarding the realization of the Business Plan up to a certain period.
Business Plan Supervision Report is a report from the Board of Commissioners regarding the results of supervision concerning the implementation of the Business Plan up to a certain period.

II. SCOPE OF BUSINESS PLAN

The Scope of the Business Plan must at least contain:
a. executive summary; b. evaluation of the implementation of the previous period's Business Plan;
c. vision, mission, and business strategy;
d. management policies and plans, including;
1) business activity plans;
2) plans for development or expansion of business activities;
3) capital plans;
4) funding plans;

5) plans for development and/or changes to office networks or distribution channels;
6) plans for organizational development, human resources, and/or information technology; and
7) plans for activities to increase financial literacy and inclusion,
e. projected financial statements along with the assumptions used; f. projected ratios and specific items; and g. other information.

The executive summary as referred to in item 1 letter a contains a brief explanation of the main points of the Business Plan presented concisely so that the Business Plan can be understood comprehensively, including among others:
a. strategic plans and steps to be taken by the Company in the short term for a 1 (one) year period, medium term for a 3 (three) year period, and long term for a 5 (five) year period; b. key financial indicators; and
c. description of short-term targets for a 1 (one) year period.
The executive summary as referred to in item 2 is prepared in accordance with Format 1 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.
The evaluation of the implementation of the previous period's Business Plan as referred to in item 1 letter b contains an explanation regarding:
a. main points of the realization of the previous period's Business Plan; b. obstacles and problems faced; and
c. measures taken to overcome such obstacles and problems.
The evaluation of the implementation of the previous period's Business Plan as referred to in item 4 is prepared in accordance with Format 2 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.
The vision, mission, and business strategy as referred to in item 1 letter c contains an explanation regarding:
a. vision, which is the goal the Company aims to achieve in the long term; b. mission, which is the method used in the short or medium term to achieve the goal;
c. business strategy, which is the Company's strategy and policy direction in facing business competition and social dynamics in the future, which must at least include:
1) analysis of the Company's position in facing business competition, including information regarding the Company's position both within the same business group and in the industry, including information regarding problems and obstacles experienced by the Company;
2) the Company's policy direction, consisting of an explanation regarding general information on the Company's policies established by management for future business development; and
3) business development strategy, which among other things contains information on strategic steps to achieve the Company's established business goals, including an explanation regarding organizational development strategies, information system technology strategies, and strategies to anticipate changes in external conditions;
In preparing the analysis of the Company's position in facing business competition as referred to in item 6 letter c item 1), the Company may use strength, weakness, opportunity, and threat (SWOT) analysis.
The vision, mission, and business strategy as referred to in item 6 is prepared in accordance with Format 3 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.
The business activity plan as referred to in item 1 letter d item 1) contains an explanation regarding the financing disbursement plan which must at least include:
a. financing disbursement plans based on financing type; b. financing disbursement plans to core debtors;
c. financing disbursement plans to related parties;
d. financing disbursement plans based on economic sector; and e. financing disbursement plans based on financing location.
Core debtor as referred to in item 9 letter b refers to individual debtors or corporate debtors included in the category of the 25 (twenty-five) largest debtors of the Company outside of related parties with an initial financing value of at least Rp5,000,000,000.00 (five billion rupiah).
Related party as referred to in item 9 letter c is a related party as regulated in the Financial Services Authority Regulation concerning the conduct of business by the Company.
The business activity plan as referred to in item 9 is prepared in accordance with Format 4 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.
The plan for development or expansion of business activities as referred to in item 1 letter d item 2) must at least include:
a. plans for implementing other financing business activities that must first obtain approval from the Financial Services Authority; b. plans for implementing other financing methods that must first obtain approval from the Financial Services Authority;
c. plans for using other contracts that must first obtain approval from the Financial Services Authority;
d. plans for changing features of Sharia Financing business activities conducted using other contracts that have previously been approved by the Financial Services Authority and must first obtain approval from the Financial Services Authority;

e. plans for implementing fee-based activities that must first be reported to the Financial Services Authority; f. plans for using contracts that have never been used before and must first be reported to the Financial Services Authority; and g. plans for changing features of Sharia Financing business activities conducted using contracts that have previously been recorded by the Financial Services Authority and must first be reported to the Financial Services Authority.

The plan for development or expansion of business activities as referred to in item 13 is prepared in accordance with Format 5 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.
The capital plan as referred to in item 1 letter d item 3) must at least include:
a. plans for fulfilling capital ratios; b. capital projections; and
c. plans for capital changes.
The capital plan as referred to in item 15 is prepared in accordance with Format 6 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.
The funding plan as referred to in item 1 letter d item 4) must at least include plans for obtaining funding from:
a. funding plans based on funding sources; b. funding plans based on currency; and
c. funding plans based on funding contracts, for Sharia Financing Companies and UUS.
The funding plan as referred to in item 17 is prepared in accordance with Format 7 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.
The plan for development and/or changes to office networks or distribution channels as referred to in item 1 letter d item 5) must at least include:
a. plans for opening branch offices, UUS branch offices, offices other than branch offices, and UUS offices other than branch offices; b. plans for upgrading offices other than branch offices to branch offices and upgrading UUS offices other than branch offices to UUS branch offices;
c. plans for changing the addresses of headquarters, branch offices, UUS branch offices, offices other than branch offices, and UUS offices other than branch offices; and
d. plans for closing branch offices, UUS branch offices, offices other than branch offices, and UUS offices other than branch offices.
The plan for development and/or changes to office networks or distribution channels as referred to in item 19 is prepared in accordance with Format 8 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.
The plan for organizational development, human resources, and/or information technology as referred to in item 1 letter d item 6) must at least include:
a. organizational development plans, including among others:
1) plans for forming work units/divisions;
2) plans for changing work units/divisions; and
3) plans for forming committees;
b. human resource development plans, including among others:
1) human resource fulfillment plans;
a) recruitment plans; b) plans for appointment and dismissal of employees; c) plans for using consultants and/or advisors; and d) plans for using contract workers;
2) human resource education and training plans;
a) plans for human resource education and training needs; and

b) plans for human resource education and training costs/budgets;
3) plans for using foreign workers;
4) plans for utilizing outsourced labor;
c. information technology development plans, which are fundamental plans for information technology development and procurement, including information regarding information technology development and maintenance costs, including among others:
1) significant changes to the Company's information technology configuration or core applications;
2) procurement of new core applications;
3) cooperation with information technology service providers; and
4) development and procurement of other fundamental information technology that can add and/or increase the Company's risk.

The plan for organizational development, human resources, and/or information technology as referred to in item 21 is prepared in accordance with Format 9 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.
The plan for activities to increase financial literacy and inclusion as referred to in item 1 letter d item 7) is prepared in accordance with the format regulated in the Financial Services Authority Circular Letter concerning the implementation of activities to increase financial literacy in the financial services sector and the Financial Services Authority Circular Letter concerning the implementation of activities to increase financial inclusion in the financial services sector.
The projected financial statements along with the assumptions used as referred to in item 1 letter e must at least include:
a. assumptions used in preparing the projected financial statements, including:
1) macro assumptions including among others gross domestic product growth, exchange rates, and inflation rates; and
2) micro assumptions including among others financing growth, funding growth, funding interest rates/yields, financing interest rates/yields, and non-performing financing receivables ratios; and
b. information regarding the Company's financial condition, including:
1) projected balance sheets;
2) projected comprehensive income statements;
3) projected cash flow statements; and
4) projected administrative accounts.
The projected financial statements along with the assumptions used as referred to in item 24 is prepared in accordance with Format 10 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.
The projected ratios and specific items as referred to in item 1 letter f is prepared in accordance with Format 11 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.
The Business Plan containing:
a. key financial indicators in the executive summary as referred to in item 2 letter b; b. business activity plans as referred to in item 9;
c. capital ratio fulfillment plans in the capital plan as referred to in item 15 letter a;
d. funding plans as referred to in item 17; e. projected financial statements along with the assumptions used as referred to in item 24; and f. projected ratios and specific items as referred to in item 26, is presented:
1) for actual positions at the end of September of the Business Plan preparation year;
2) for projections at the end of December of the Business Plan preparation year;
3) for projections for the next 1 (one) year presented semi-annually; and

4) in full rupiah.

Other information as referred to in item 1 letter g must at least include:
a. direct investment plans; b. sustainable finance action plans;
c. merger, consolidation, and/or separation plans;
d. plans to cease business activities so as no longer to be a Company; e. plans to convert a Financing Company into a Sharia Financing Company; and f. plans to form, close, or separate a UUS.
The direct investment plan as referred to in item 28 letter a is prepared in accordance with Format 12 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.
The sustainable finance action plan as referred to in item 28 letter b is prepared in accordance with the format regulated in the Financial Services Authority Regulation concerning the application of sustainable finance for financial service institutions, issuers, and public companies.
The merger, consolidation, and/or separation plan as referred to in item 28 letter c is prepared in accordance with Format 13 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.
The plan to cease business activities so as no longer to be a Company as referred to in item 28 letter d is prepared in accordance with Format 14 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.
The plan to convert a Financing Company into a Sharia Financing Company as referred to in item 28 letter e is prepared in accordance with Format 15 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.
The plan to form, close, or separate a UUS as referred to in item 28 letter f is prepared in accordance with Format 16 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.
The Business Plan containing:
a. business activity plans as referred to in item 1 letter d item 1); b. plans for development or expansion of business activities as referred to in item 1 letter d item 2);
c. capital plans as referred to in item 1 letter d item 3);
d. funding plans as referred to in item 1 letter d item 4); e. plans for development and/or changes to office networks or distribution channels as referred to in item 1 letter d item 5); f. plans for organizational development, human resources, and/or information technology as referred to in item 1 letter d item 6); g. direct investment plans as referred to in item 28 letter a; h. merger, consolidation, and/or separation plans as referred to in item 28 letter c;
i. plans to cease business activities so as no longer to be a Company as referred to in item 28 letter d;
j. plans to convert a Financing Company into a Sharia Financing Company as referred to in item 28 letter e; and k. plans to form, close, or separate a UUS as referred to in item 28 letter f, also contains an explanation regarding:
1) reasons or considerations used in preparing the aforementioned plans; and
2) the Company's strategy to realize the aforementioned plans.
In the event there is other information that needs to be submitted by the Company in the Business Plan, but its format is not regulated in this Financial Services Authority Circular Letter, the format for submitting such information is prepared based on the Company's needs.

III. FORM AND STRUCTURE OF BUSINESS PLAN REALIZATION REPORTS AND BUSINESS PLAN SUPERVISION REPORTS

The Business Plan Realization Report includes:
a. an explanation regarding the achievement of the Business Plan, namely a comparison between the plan and the realization of the Business Plan; b. an explanation regarding deviations in the realization of the Business Plan, namely an explanation regarding the causes and obstacles of deviations between the plan and the realization of the Business Plan;
c. follow-up actions on the achievement of the Business Plan, namely follow-up efforts that have been and will be taken to improve the realization achievement of the Business Plan;
d. financial ratios and specific items; and e. other information, which among other things contains information that needs to be submitted because it affects the realization of the Business Plan, but is not yet included in the scope of the Business Plan Realization Report as referred to in letters a through d.
For Financing Companies that have a UUS, the Business Plan Realization Report must also contain a specific realization report for the UUS which is an integral part of the Business Plan Realization Report.
The Business Plan Realization Report must be signed by members of the Board of Directors.
The Business Plan Realization Report is prepared in accordance with Format 17 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.
The Business Plan Supervision Report must at least contain the Board of Commissioners' assessment regarding:
a. the realization of the Business Plan both quantitatively and qualitatively; b. factors affecting the Company's performance; and
c. efforts to improve the Company's performance.
For Financing Companies that have a UUS, the Business Plan Supervision Report must also contain a specific supervision report for the UUS which is an integral part of the Business Plan Supervision Report.
The Business Plan Supervision Report must be signed by members of the Board of Commissioners.
The Business Plan Supervision Report is prepared in accordance with Format 18 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.

IV. PROCEDURES FOR SUBMITTING BUSINESS PLANS, ADJUSTING BUSINESS PLANS, CHANGING BUSINESS PLANS, BUSINESS PLAN REALIZATION REPORTS, AND BUSINESS PLAN SUPERVISION REPORTS

Companies must submit Business Plans, adjustments to Business Plans, changes to Business Plans, Business Plan Realization Reports, and Business Plan Supervision Reports to the Financial Services Authority online through the Financial Services Authority's data communication network system.
Companies are required to ensure that the Business Plan submitted online as referred to in item 1 is correct and identical to the printed (hardcopy) document of the Business Plan.
In the event that the Financial Services Authority's data communication network system as referred to in item 1 is not yet available or experiences technical disturbances, the submission of Business Plans, adjustments to Business Plans, changes to Business Plans, Business Plan Realization Reports, and Business Plan Supervision Reports is submitted to the Financial Services Authority offline by:
a. being handed over directly; or b. being sent through a courier service company.
In the event of technical disturbances as referred to in item 3, the Financial Services Authority announces this via the Financial Services Authority website.
The submission of reports offline as referred to in item 3 must be submitted in electronic data (softcopy) format using media such as compact disc (CD) or other electronic data storage media.
The submission of reports as referred to in item 5 must be accompanied by a cover letter in hardcopy format signed by the Board of Directors.
The submission of the cover letter and Business Plan, adjustment of Business Plan, change of Business Plan, Business Plan Realization Report, and Business Plan Supervision Report offline as referred to in item 3 is addressed to:

a. for Financing Companies:
Executive Head of Insurance, Pension Fund, Financing Institution, and Other Financial Services Institution Supervisor Financial Services Authority u.p. Director of Financing Institution Supervision Wisma Mulia 2 Building, 15th Floor Jalan Jenderal Gatot Subroto Kav. 40 Jakarta 12710; or

b. for Sharia Financing Companies and Financing Companies having a Sharia Business Unit (UUS):
Executive Head of Insurance, Pension Fund, Financing Institution, and Other Financial Services Institution Supervisor Financial Services Authority u.p. Director of Sharia IKNB Wisma Mulia 2 Building, 15th Floor Jalan Jenderal Gatot Subroto Kav. 40 Jakarta 12710.

In the event of a change in the address of the Financial Services Authority office for the submission of reports as referred to in item 7, the Financial Services Authority provides notification regarding the address change via letter or announcement.

This copy is consistent with the original
Legal Director 1
Legal Department signed
Yuliana

A Company is deemed to have submitted the Business Plan, adjustment of Business Plan, change of Business Plan, Business Plan Realization Report, and Business Plan Supervision Report with the following provisions:

a. for online submission via the Financial Services Authority's data communication network system, evidenced by a receipt from the Financial Services Authority's data communication network system; or

b. for offline submission, evidenced by a receipt from the Financial Services Authority.

V. CLOSING

The provisions in this Circular Letter of the Financial Services Authority shall take effect as of the date of determination.

Determined in Jakarta on 11 November 2019
EXECUTIVE HEAD OF INSURANCE,
PENSION FUND, FINANCING INSTITUTION, AND
OTHER FINANCIAL SERVICES INSTITUTION SUPERVISOR FINANCIAL SERVICES AUTHORITY, signed RISWINANDI

APPENDIX
CIRCULAR LETTER OF THE FINANCIAL SERVICES AUTHORITY NUMBER 23 /SEOJK.05/2019 REGARDING BUSINESS PLAN OF FINANCING COMPANIES AND SHARIA FINANCING COMPANIES

TABLE OF CONTENTS
BUSINESS PLAN FORMAT OF FINANCING COMPANIES
Format 1: Executive Summary 3
Format 2: Evaluation of Previous Period Business Plan Implementation 9 Format 3: Vision, Mission, and Business Strategy 10 Format 4: Business Activity Plan 11 Format 5: Business Activity Development or Expansion Plan 33 Format 6: Capital Plan 38 Format 7: Funding Plan 41 Format 8: Office Network and/or Distribution Channel Development and/or Change Plan 50 Format 9: Organization, Human Resources, and/or Information Technology Development Plan 52 Format 10: Financial Statement Projections and Assumptions Used 60 Format 11: Projection of Ratios and Specific Items 90 Format 12: Direct Participation Plan 93 Format 13: Merger, Consolidation, and/or Separation Plan 94 Format 14: Business Cessation Plan So That It Is No Longer a Financing Company 97 Format 15: Plan to Convert Financing Company into Sharia Financing Company 98 Format 16: Plan to Establish, Close, or Separate Sharia Business Unit (UUS) 99 Format 17: Business Plan Realization Report 101 Format 18: Business Plan Supervision Report 103

Format 1: Executive Summary

Short-Term Strategic Plan and Steps for Period 1 (One) Year
a. ..........
b. ..........
c. etc.
Medium-Term Strategic Plan and Steps for Period 3 (Three) Years
a. ..........
b. ..........
c. etc.
Long-Term Strategic Plan and Steps for Period 5 (Five) Years
a. ..........
b. ..........
c. ..........
Key Financial Indicators
a. Key Financial Indicator Format for Financing Companies

No.	Financial Indicator 1)	Performance Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
1.	Total Assets
2.	Total Financing Receivables
a.	Investment Financing
b.	Working Capital Financing
c.	Multi-purpose Financing
d.	Other Financing Business Activities Based on Financial Services Authority Approval
e.	Financing Based on Sharia Principles
3.	Domestic Loans
4.	Foreign Loans
5.	Issuance of Securities
6.	Equity
7.	Profit (Loss)
8.	Distribution of Joint Financing with Third-Party Portion
a.	Channeling Financing
b.	Joint Financing
9.	Capital Ratio (%)
10.	Gross NPF Ratio
11.	Net NPF Ratio
12.	Profitability
a.	Return on Asset
b.	Return on Equity
c.	Operating Expenses to Operating Income
d.	Net Interest Margin
13.	Liquidity
a.	Current Ratio
b.	Cash Ratio

Note:
X-1 is the year of report preparation.
X is the year of the business plan position.
1) The method of calculating financial indicators refers to:
a. Financial Services Authority Circular Letter regarding monthly reports of Companies; and b. Financial Services Authority Circular Letter regarding the assessment of the Company's health level.

b. Key Financial Indicator Format for Sharia Financing Companies and Financing Companies' Sharia Business Units (UUS)

No.	Financial Indicator 1)	Performance Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
1.	Total Assets
2.	Total Sharia Financing Receivables
a.	Sales and Purchase Financing
b.	Investment Financing
c.	Service Financing
3.	Domestic Funding
4.	Foreign Funding
5.	Issuance of Securities
6.	Equity
7.	Profit (Loss)
8.	Distribution of Joint Financing with Third-Party Portion
a.	Channeling Financing
b.	Joint Financing
9.	Capital Ratio (%)
10.	Gross Productive Asset NPF Ratio
11.	Net Productive Asset NPF Ratio
12.	Profitability
a.	Return on Asset
b.	Return on Equity
c.	Operating Expenses to Operating Income
d.	Net Interest Margin
13.	Liquidity
a.	Current Ratio
b.	Cash Ratio

c. Description of the Company's financial condition
(description of the Company's financial condition and projections reflected in the key financial indicators)

Description of Short-Term Targets for Period 1 (One) Year 1)
a. ....................................................................................................
b. ....................................................................................................
c. ....................................................................................................
d. ....................................................................................................
e. ....................................................................................................

Note:
1) includes among others: reduction of non-performing financing receivables, increase in financing distribution, increase in Company efficiency, strengthening of capital, implementation of good corporate governance, implementation of risk management, and increase in Company profit.

Format 2: Evaluation of Previous Period Business Plan Implementation (to be filled with an explanation regarding the main points of the previous period's business plan realization, obstacles and problems faced, and measures taken to overcome such obstacles and problems)

Format 3: Vision, Mission, and Business Strategy

Company Vision
...................................................................................................................
...................................................................................................................
Company Mission
...................................................................................................................
...................................................................................................................
Company Business Strategy
a. analysis of the Company's position in facing business competition
...........................................................................................................
...........................................................................................................
b. Company policy direction
...........................................................................................................
...........................................................................................................
c. business development strategy
...........................................................................................................
...........................................................................................................

Format 4: Business Activity Plan

Financing Distribution Plan by Type of Financing
a. Table of Financing Distribution Plan by Type of Financing for Financing Companies

Type of Use	Performance Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
A. Plan for New Financing Distribution:
1. Investment Financing
a. Financial Leasing
b. Sale and Leaseback
c. Factoring with Guarantee from Seller of Receivables
d. Factoring without Guarantee from Seller of Receivables
e. Installment Purchase
f. Project Financing
g. Infrastructure Financing
h. Other Financing After Obtaining Prior Approval from Financial Services Authority
2. Working Capital Financing
a. Sale and Leaseback
b. Factoring with Guarantee from Seller of Receivables
c. Factoring without Guarantee from Seller of Receivables
d. Business Capital Facilities
e. Other Financing After Obtaining Prior Approval from Financial Services Authority
3. Multi-purpose Financing
a. Financial Leasing
b. Installment Purchase
c. Fund Facilities
d. Other Financing After Obtaining Prior Approval from Financial Services Authority
4. Other Financing Business Activities Based on Financial Services Authority Approval
Total Plan for New Financing Distribution
B. Financing Receivables Balance (Outstanding Principal):
1. Investment Financing
a. Financial Leasing
b. Sale and Leaseback
c. Factoring with Guarantee from Seller of Receivables
d. Factoring without Guarantee from Seller of Receivables
e. Installment Purchase
f. Project Financing
g. Infrastructure Financing
h. Other Financing After Obtaining Prior Approval from Financial Services Authority
2. Working Capital Financing
a. Sale and Leaseback
b. Factoring with Guarantee from Seller of Receivables
c. Factoring without Guarantee from Seller of Receivables
d. Business Capital Facilities
e. Other Financing After Obtaining Prior Approval from Financial Services Authority
3. Multi-purpose Financing
a. Financial Leasing
b. Installment Purchase
c. Fund Facilities
d. Other Financing After Obtaining Prior Approval from Financial Services Authority
4. Other Financing Business Activities Based on Financial Services Authority Approval
Total Financing Receivables Balance (Outstanding Principal)

Note:
X-1 is the year of report preparation.
X is the year of the business plan position.

b. Table of Sharia Financing Distribution Plan by Type of Financing for Sharia Financing Companies and Financing Companies' Sharia Business Units (UUS)

Type of Use	Performance Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
A. Plan for New Sharia Financing Distribution:
1. Sales and Purchase Financing
a. Murabahah
b. Salam
c. Istisna’
d. Other Contracts as referred to in Letters a to c
2. Investment Financing
a. Mudharabah
b. Musyarakah
c. Mudharabah Musytarakah
d. Musyarakah Mutanaqishoh
e. Other Contracts as referred to in Letters a to d
3. Service Financing
a. Ijarah
b. Ijarah Muntahiyah Bittamlik
c. Hawalah or Hawalah bil Ujrah
d. Wakalah or Wakalah Bil Ujrah
e. Kafalah or Kafalah bil Ujrah
f. Ju’alah
g. Qardh
h. Other Contracts as referred to in Letters a to g
Total Plan for New Sharia Financing Distribution
B. Sharia Financing Receivables Balance (Outstanding Principal):
1. Sales and Purchase Financing
a. Murabahah
b. Salam
c. Istisna’
d. Other Contracts as referred to in Letters a to c
2. Investment Financing
a. Mudharabah
b. Musyarakah
c. Mudharabah Musytarakah
d. Musyarakah Mutanaqishoh
e. Other Contracts as referred to in Letters a to d
3. Service Financing
a. Ijarah
b. Ijarah Muntahiyah Bittamlik
c. Hawalah or Hawalah bil Ujrah
d. Wakalah or Wakalah Bil Ujrah
e. Kafalah or Kafalah bil Ujrah
f. Ju’alah
g. Qardh
h. Other Contracts as referred to in Letters a to g
Total Sharia Financing Receivables Balance (Outstanding Principal)

Note:
X-1 is the year of report preparation.
X is the year of the business plan position.

c. Reasons and Considerations
(to be filled with reasons/considerations in preparing the financing distribution plan by type of financing)

d. Strategy
(to be filled with strategies to realize the financing distribution plan by type of financing)

Financing Distribution Plan to Core Debtors 1)
a. Table of Financing Distribution Plan to Core Debtors

No.	Debtor Name	Performance Sept X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
Total Financing Distribution to Core Debtors

Note:
X-1 is the year of report preparation.
X is the year of the business plan position.
1) individual debtors or corporate debtors that fall into the category of the 25 (twenty-five) largest debtors in the Company, excluding related parties, with a minimum initial financing value of Rp5,000,000,000.00 (five billion rupiah).

b. Reasons and Considerations
(to be filled with reasons/considerations in preparing the financing distribution plan to core debtors)

c. Strategy
(to be filled with strategies to realize the financing distribution plan to core debtors)

Financing Distribution Plan to Related Parties
a. Table of Financing Distribution Plan to Related Parties

No.	Related Party Debtor Name	Type of Financing	Financing Scheme	Performance Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
1.
2.
3.
4.
5.
Total Financing Distribution to Related Parties
Equity
% of Related Party Financing Distribution to Equity

Note:
X-1 is the year of report preparation.
X is the year of the business plan position.

b. Reasons and Considerations
(to be filled with reasons/considerations in preparing the financing distribution plan to related parties)

c. Strategy
(to be filled with strategies to realize the financing distribution plan to related parties)

Financing Distribution Plan by Economic Sector
a. Table of Financing Distribution Plan by Economic Sector

Economic Sector	Business Field	Performance Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
A. Plan for New Financing Distribution:
Business Field Economic Sector
1. Agriculture, Forestry, and Fisheries
2. Mining and Quarrying
3. Manufacturing Industry
4. Electricity, Gas, Steam/Hot Water, and Air Conditioning Supply
5. Water Supply, Sewerage, Waste Management, and Remediation Activities
6. Construction
7. Wholesale and Retail Trade, Repair of Motor Vehicles and Motorcycles
8. Transportation and Warehousing
9. Accommodation and Food and Beverage Services
10. Information and Communication
11. Financial and Insurance Activities
12. Real Estate
13. Professional, Scientific, and Technical Activities
14. Rental and Leasing Activities without Option, Employment, Travel Agency, and Other Business Support Activities
15. Public Administration, Defense, and Mandatory Social Security
16. Education
17. Human Health and Social Work Activities
18. Arts, Entertainment, and Recreation
19. Other Service Activities
20. Household Activities as Employers, Activities Producing Goods and Services by Households Used to Meet Own Needs
21. Activities of International and Extra-National Organizations
Non-Business Field Economic Sector
22. Households
23. Other Non-Business Field Activities
B. Financing Receivables Balance (Outstanding Principal):
Business Field Economic Sector
1. Agriculture, Forestry, and Fisheries
2. Mining and Quarrying
3. Manufacturing Industry
4. Electricity, Gas, Steam/Hot Water, and Air Conditioning Supply
5. Water Supply, Sewerage, Waste Management, and Remediation Activities
6. Construction
7. Wholesale and Retail Trade, Repair of Motor Vehicles and Motorcycles
8. Transportation and Warehousing
9. Accommodation and Food and Beverage Services
10. Information and Communication
11. Financial and Insurance Activities
12. Real Estate
13. Professional, Scientific, and Technical Activities
14. Rental and Leasing Activities without Option, Employment, Travel Agency, and Other Business Support Activities
15. Public Administration, Defense, and Mandatory Social Security
16. Education
17. Human Health and Social Work Activities
18. Arts, Entertainment, and Recreation
19. Other Service Activities
20. Household Activities as Employers, Activities Producing Goods and Services by Households Used to Meet Own Needs
21. Activities of International and Extra-National Organizations
Non-Business Field Economic Sector
22. Households
23. Other Non-Business Field Activities

Note:
X-1 is the year of report preparation.
X is the year of the business plan position.

b. Reasons and Considerations
(to be filled with reasons/considerations in preparing the financing distribution plan by economic sector that is a priority in financing distribution)

c. Strategy
(to be filled with strategies to realize the financing distribution plan by economic sector that is a priority in financing distribution)

Financing Distribution Plan by Financing Location
a. Table of Financing Distribution Plan by Financing Location

Financing Location	Performance Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
A. Financing Distribution New:
1. West Java
2. Banten
3. Special Capital Region of Jakarta
4. Special Region of Yogyakarta
5. Central Java
6. East Java
7. Bengkulu
8. Jambi
9. Aceh
10. North Sumatra
11. West Sumatra
12. Riau
13. South Sumatra
14. Bangka Belitung Islands
15. Riau Islands
16. Lampung
17. South Kalimantan
18. West Kalimantan
19. East Kalimantan
20. Central Kalimantan
21. North Kalimantan
22. Central Sulawesi
23. South Sulawesi
24. North Sulawesi
25. Gorontalo
26. West Sulawesi
27. Southeast Sulawesi
28. West Nusa Tenggara
29. Bali
30. East Nusa Tenggara
31. Maluku
32. North Maluku
33. Papua
34. West Papua
35. Outside Indonesia
B. Financing Receivables Balance (Outstanding Principal):
1. West Java
2. Banten
3. Special Capital Region of Jakarta
4. Special Region of Yogyakarta
5. Central Java
6. East Java
7. Bengkulu
8. Jambi
9. Aceh
10. North Sumatra
11. West Sumatra
12. Riau
13. South Sumatra
14. Bangka Belitung Islands
15. Riau Islands
16. Lampung
17. South Kalimantan
18. West Kalimantan
19. East Kalimantan
20. Central Kalimantan
21. North Kalimantan
22. Central Sulawesi
23. South Sulawesi
24. North Sulawesi
25. Gorontalo
26. West Sulawesi
27. Southeast Sulawesi
28. West Nusa Tenggara
29. Bali
30. East Nusa Tenggara
31. Maluku
32. North Maluku
33. Papua
34. West Papua
35. Outside Indonesia

Note:
X-1 is the year of report preparation.
X is the year of the business plan position.

b. Reasons and Considerations
(to be filled with reasons/considerations in preparing the financing distribution plan by financing location)

c. Strategy
(to be filled with strategies to realize the financing distribution plan by financing location)

Format 5: Business Activity Development or Expansion Plan

Plan for Implementation of Other Financing Business Activities, Plan for Implementation of Other Financing Methods, Plan for Use of Other Contracts, and Plan for Change of Features of Sharia Financing Business Activities Conducted Using Contracts Previously Approved by the Financial Services Authority Which Must First Obtain Approval from the Financial Services Authority

a. Table of Plan for Implementation of Other Financing Business Activities, Plan for Implementation of Other Financing Methods, Plan for Use of Other Contracts, and Plan for Change of Features of Sharia Financing Business Activities Conducted Using Contracts Previously Approved by the Financial Services Authority Which Must First Obtain Approval from the Financial Services Authority

No.	Relevance of Business Activity to Company Business Strategy 2)	Risks of Business Activity Implementation 2)
	For Company	For Debtor
1.
2.
3.
4.
5.

Note:
1) types of new business activities include:
a. plan for implementation of other financing business activities which must first obtain approval from the Financial Services Authority; b. plan for implementation of other financing methods which must first obtain approval from the Financial Services Authority;
c. plan for use of other contracts which must first obtain approval from the Financial Services Authority; and
d. plan for change of features of Sharia financing business activities conducted using contracts previously approved by the Financial Services Authority which must first obtain approval from the Financial Services Authority.
2) more detailed explanations/descriptions can be attached in a separate sheet.

b. Reasons and Considerations
(to be filled with reasons/considerations in preparing the plan for implementation of other financing business activities and/or plan for implementation of other financing methods based on Financial Services Authority approval)

c. Strategy
(to be filled with strategies to realize the plan for implementation of other financing business activities and/or plan for implementation of other financing methods based on Financial Services Authority approval)

Business Plan for Fee-Based Activities, Plan for the Use of Previously Unused Contracts, Plan for Feature Changes in Islamic Financing Activities Conducted Using Contracts Previously Recorded by the Financial Services Authority, Which Must Be Reported to the Financial Services Authority

a. Table of Business Plan for Fee-Based Activities, Plan for the Use of Previously Unused Contracts, Plan for Feature Changes in Islamic Financing Activities Conducted Using Contracts Previously Recorded by the Financial Services Authority, Which Must Be Reported to the Financial Services Authority

No.	Objective of Business Activity	Linkage of Business Activity with Company Business Strategy 2)
	For the Company 2)	For the Debtor 2)
1.
2.
3.
4.
5.

Notes:
1) Types of business activities include:
a. plan for the use of contracts that have never been used before, which must first be reported to the Financial Services Authority; b. plan for fee-based business activities, which must first be reported to the Financial Services Authority; and
c. plan for feature changes of contracts that have previously been recorded by the Financial Services Authority for Islamic Financing business activities, which must first be reported to the Financial Services Authority.
2) More detailed explanations/descriptions can be attached in a separate sheet.

b. Reasons and Considerations
(to be filled with reasons/considerations in preparing the business activity plan that must be reported to the Financial Services Authority)

c. Strategy
(to be filled with strategies to realize the business activity plan that must be reported to the Financial Services Authority)

Format 6: Capital Plan

Capital Adequacy Ratio Fulfillment Plan

a. Table of Capital Adequacy Ratio Fulfillment Plan

Capital Components	Performance Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
1. Adjusted Equity
2. Adjusted Assets 1)
3. Capital Adequacy Ratio 1)

Notes:
X-1 is the year of report preparation.
X is the year of the business plan position.
1) can be accompanied by more detailed supporting data.

b. Reasons and Considerations
(to be filled with reasons/considerations in preparing the capital adequacy ratio fulfillment plan)

c. Strategy
(to be filled with strategies to realize the capital adequacy ratio fulfillment plan)

Capital Projection

Description	Performance Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
Paid-up Capital
Old Shareholders
1. ...
2. etc.
New Shareholders
1. ...
2. etc.
Total Paid-up Capital
Retained Earnings
Total Equity

Notes:
X-1 is the year of report preparation.
X is the year of the business plan position.

Capital Change Plan

a. Description Regarding Capital Change Plan
(to be filled with the capital change plan accompanied by the planned nominal amount and the planned time of execution for the aforementioned capital change)

b. Reasons and Considerations
(to be filled with reasons/considerations in preparing the capital change plan)

c. Strategy
(to be filled with strategies to realize the capital change plan)

Format 7: Funding Plan

Funding Plan Based on Funding Sources

a. Table of Funding Plan Based on Funding Sources for Financing Companies

Type of Funding	Actual Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
A. New Funding Receipts:
1. Loans from government institutions
2. Loans from banks
3. Loans from non-bank financial industries
4. Loans from other institutions and/or business entities
5. Subordinated loans
6. Issuance of debt securities through public offerings
7. Issuance of debt securities not through public offerings
8. Asset securitization
Total New Funding Receipts
B. Balance of Funding Receipts (Outstanding):
1. Loans from government institutions
2. Loans from banks
3. Loans from non-bank financial industries
4. Loans from other institutions and/or business entities
5. Subordinated loans
6. Issuance of debt securities through public offerings
7. Issuance of debt securities not through public offerings
8. Asset securitization
Total Balance of Funding Receipts (Outstanding)

b. Table of Funding Plan Based on Funding Sources for Islamic Financing Companies and UUS of Financing Companies

Type of Funding	Actual Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
A. New Funding Receipts:
1. Funding from government institutions
2. Funding from banks
3. Funding from non-bank financial industries
4. Funding from other institutions and/or business entities
5. Subordinated funding
6. Issuance of sukuk through public offerings
7. Issuance of sukuk not through public offerings
8. Asset securitization
Total New Funding Receipts
B. Balance of Funding Receipts (Outstanding)
1. Funding from government institutions
2. Funding from banks
3. Funding from non-bank financial industries
4. Funding from other institutions and/or business entities
5. Subordinated funding
6. Issuance of sukuk through public offerings
7. Issuance of sukuk not through public offerings
8. Asset securitization
Total Balance of Funding Receipts (Outstanding)

c. Reasons and Considerations
(to be filled with reasons/considerations in preparing the funding plan based on funding sources)

d. Strategy
(to be filled with strategies to realize the funding plan based on funding sources)

Funding Plan Based on Currency

a. Table of Funding Plan Based on Currency

Type of Funding	Actual Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
A. New Funding Receipts:
1. Rupiah
2. US Dollar 1)
3. Japanese Yen 1)
4. Other Currencies 1)
Total New Funding Receipts 1)
B. Balance of Funding Receipts (Outstanding):
1. Rupiah
2. US Dollar 1)
3. Japanese Yen 1)
4. Other Currencies 1)
Total Balance of Funding Receipts (Outstanding) 1)

Notes:
X-1 is the year of report preparation.
X is the year of the business plan position.
1) converted into Rupiah.

b. Reasons and Considerations
(to be filled with reasons/considerations in preparing the funding plan based on currency)

c. Strategy
(to be filled with strategies to realize the funding plan based on currency)

Funding Plan Based on Funding Contracts for Islamic Financing Companies and UUS of Financing Companies

a. Table of Funding Plan Based on Funding Contracts for Islamic Financing Companies and UUS of Financing Companies

Type of Funding	Actual Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
A. New Funding Receipts:
1. Mudharabah Contract
2. Mudharabah Musytarakah Contract
3. Musyarakah Contract
4. Ijarah Contract
5. Qardh Contract
6. Other Funding Contracts
B. Balance of Funding Receipts (Outstanding):
1. Mudharabah Contract
2. Mudharabah Musytarakah Contract
3. Musyarakah Contract
4. Ijarah Contract
5. Qardh Contract
6. Other Funding Contracts

b. Reasons and Considerations
(to be filled with reasons/considerations in preparing the funding plan based on contracts)

c. Strategy
(to be filled with strategies to realize the funding plan based on contracts)

Format 8: Plan for Network Development and/or Changes in Office or Distribution Channels

Type of Office	Time of Execution 1)	Estimated Investment/Cost	Location 2)	Notes 3)
OPENING:
1. Branch Office
2. Office Other Than Branch Office
3. UUS Branch Office
4. Office Other Than UUS Branch Office
UPGRADING STATUS OF OFFICE OTHER THAN BRANCH OFFICE TO BRANCH OFFICE:
1. Office Other Than Branch Office ... becomes Branch Office ...
2. Office Other Than UUS Branch Office ... becomes UUS Branch Office ...
ADDRESS CHANGE:
1. Head Office
2. Branch Office 4)
a) Branch Office
b) UUS Branch Office
3. Office Other Than Branch Office
a) Office Other Than Branch Office
b) Office Other Than UUS Branch Office
CLOSING:
1. Branch Office
a) Branch Office
b) UUS Branch Office
2. Office Other Than Branch Office
a) Office Other Than Branch Office
b) Office Other Than UUS Branch Office

Notes:
1) Filled with the month of the planned execution time.
2) For locations in the DKI Jakarta region, at least the name of the DKI Jakarta province must be mentioned. For locations outside the DKI Jakarta region, at least the name of the Regency/City must be included.
3) Detailed notes can be attached in a separate sheet.
4) Branch office address changes can only be made within 1 (one) regency/city area.

Format 9: Plan for Organizational, Human Resources, and/or Information Technology Development

Organizational Development Plan

a. Description Regarding Organizational Development Plan (to be filled with explanations regarding the organizational development plan, including plans for the formation of work units/divisions, plans for changes to work units/divisions, and plans for the formation of committees, adjusted to the size and complexity of the Company's business)

b. Reasons and Considerations
(to be filled with reasons/considerations in preparing the organizational development plan)

c. Strategy
(to be filled with strategies to realize the organizational development plan)

Human Resources Development Plan

a. Human Resources Fulfillment Plan

1) Description Regarding Human Resources Fulfillment Plan
(to be filled with explanations regarding plans for employee recruitment, appointment, and dismissal, use of consultants or advisors, and use of Company contract workers)

2) Reasons and Considerations
(to be filled with reasons/considerations in preparing the human resources fulfillment plan)

3) Strategy
(to be filled with strategies to realize the human resources fulfillment plan)

b. Human Resources Education and Training Plan

1) Table of Human Resources Education and Training Plan

No.	Training Material 1)	Training Method 2)	Estimated Training Time 3)	Training Duration 4)	Location/Training Institution	Total Number of Participants	Training Cost

Notes:
1) e.g., risk management, marketing, etc.
2) filled with in-house training or out-house training.
3) filled with the month of training execution, e.g., March 2020.
4) filled with the duration of training, e.g., 3 days.

2) Reasons and Considerations
(to be filled with reasons/considerations in preparing the human resources education and training plan)

3) Strategy
(to be filled with strategies to realize the human resources education and training plan)

c. Foreign Workforce Utilization Plan

1) Table of Foreign Workforce Utilization Plan

No.	Name of Foreign Workforce (if any) / Number of Foreign Workforces	Position/Job Title	Field of Work	Assignment Period	Name of Companion Worker	Knowledge Transfer Plan	Reasons 1)
1.
2.
3.
...

Notes:
1) filled with reasons for utilizing foreign workforce and reasons why Indonesian workforce is not/yet used.

2) Reasons and Considerations
(to be filled with reasons/considerations in preparing the foreign workforce utilization plan)

3) Strategy
(to be filled with strategies to realize the foreign workforce utilization plan)

d. Outsourced Workforce Utilization Plan

1) Table of Outsourced Workforce Utilization Plan

No.	Field of Task	Reasons for Outsourced Workforce Utilization	Number of Outsourced Workforces	Name of Outsourced Workforce Provider Company (if any)	Contract Period with Outsourced Workforce Company
1.
2.
3.
...

2) Reasons and Considerations
(to be filled with reasons/considerations in preparing the outsourced workforce utilization plan)

3) Strategy
(to be filled with strategies to realize the outsourced workforce utilization plan)

Information Technology Development Plan

a. Description Regarding Fundamental Information Technology Development and Procurement, Including Information on Information Technology Development and Maintenance Costs (to be filled with plans for fundamental information technology development and procurement, including: significant changes to information technology configuration or core applications, procurement of new core applications, cooperation with information technology service providers, and other fundamental information technology development and procurement that can add and/or increase the Company's risk. Additionally, information regarding estimated information technology development costs must be filled in.)

b. Reasons and Considerations
(to be filled with reasons/considerations in preparing the fundamental information technology development and procurement plan)

c. Strategy
(to be filled with strategies to realize the fundamental information technology development and procurement plan)

Format 10: Financial Statement Projections and Assumptions Used

Macro and Micro Assumptions Used

Assumptions	Performance Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
Macro Assumptions 1):
1. Gross Domestic Product Growth (%)
2. Exchange Rate
3. Inflation Rate (%)
4. Others, detailed by assumption type 2)
Micro Assumptions:
1. Financing Growth (%)
2. Funding Growth (%)
3. Interest Rate/Funding Return Rate (%)
4. Financing Interest Rate/Return Rate (%)
5. Non-Performing Financing Receivables Ratio
6. Others, detailed by assumption type 3)

Notes:
X-1 is the year of report preparation.
X is the year of the business plan position.
1) in case assumptions per semester are not available, annual assumptions can be used and can be accompanied by explanations regarding the source institution that serves as the basis for the macro assumptions used.
2) other macro assumptions, such as export growth and import growth.
3) other micro assumptions, such as the Company's share of the industry.

Information Regarding Company Financial Conditions

a. Projected Balance Sheet of Financing Companies

Items 1)	Performance Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
ASSETS
1. Cash and Cash Equivalents
2. Derivative Receivables
3. Financing Receivables - Net
4. Equity Investments
5. Investments in Securities
6. Assets Held Under Operating Lease – Net
7. Fixed Assets and Inventories – Net
8. Deferred Tax Assets
9. Other Assets
Total Assets
LIABILITIES
1. Current Liabilities
2. Derivative Liabilities
3. Tax Payables
4. Loans Received
5. Securities Issued
6. Deferred Tax Liabilities
7. Subordinated Loans
8. Other Liabilities
Total Liabilities
EQUITY
1. Capital
a. Paid-up Capital
b. Basic Deposits and Mandatory Deposits
c. Additional Paid-up Capital
1) Agio
2) Disagio
3) Treasury Stock
4) Equity Security Issuance Costs
5) Grant Capital
6) Other Additional Paid-up Capital
d. Difference in Value of Transactions Restructuring of Entities Under Common Control
2. Reserves
a. General Reserves
b. Specific Reserves
3. Retained Earnings (Loss) Balance
4. Net Profit (Loss) After Tax
5. Other Equity Components
a. Balance of Other Equity Components
b. Other Comprehensive Income (Loss) for the Current Period
Total Equity
Total Liabilities and Equity

Notes:
X-1 is the year of report preparation.
X is the year of the business plan position.
1) calculation methods for balance sheet items refer to:
a. Financial Services Authority Circular regarding monthly Company reports; and b. Financial Services Authority Circular regarding Company health level assessment.

b. Projected Balance Sheet of Islamic Financing Companies and UUS of Financing Companies

Items 1)	Performance Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
ASSETS
1. Cash and Cash Equivalents
2. Derivative Receivables
3. Financing Receivables - Net
4. Equity Investments
5. Investments in Sharia Securities
6. Assets Used for Financing Business Activities – Net
7. Fixed Assets and Inventories – Net
8. Deferred Tax Assets
9. Other Assets
Total Assets
LIABILITIES
1. Current Liabilities
2. Derivative Liabilities
3. Tax Payables
4. Funding Received
5. Sharia Securities Issued
6. Deferred Tax Liabilities
7. Subordinated Loans (Qardh)
8. Other Liabilities
Total Liabilities
EQUITY
1. Capital
a. Paid-up Capital / Working Capital
b. Basic Deposits and Mandatory Deposits
c. Additional Paid-up Capital
1) Agio
2) Disagio
3) Treasury Stock
4) Equity Security Issuance Costs
5) Grant Capital
6) Other Additional Paid-up Capital
d. Difference in Value of Transactions Restructuring of Entities Under Common Control
2. Reserves
a. General Reserves
b. Specific Reserves
3. Retained Earnings (Loss) Balance
4. Net Profit (Loss) After Tax
5. Other Equity Components
a. Balance of Other Equity Components
b. Other Comprehensive Income (Loss) for the Current Period
Total Equity
Total Liabilities and Equity

Comprehensive Income Statement Projections

a. Comprehensive Income Statement Projection of Financing Companies

Items 1)	Performance Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
INCOME
1. Operational Income
a. Operational Activity Income
1) Interest Income from Conventional Financing Activities
a) Investment Financing
(1) Financial Leasing
(2) Sale and Leaseback
(3) Factoring with Seller's Receivables Guarantee
(4) Factoring without Seller's Receivables Guarantee
(5) Installment Purchase
(6) Project Financing
(7) Infrastructure Financing
(8) Other Schemes with Financial Services Authority Approval
b) Working Capital Financing
(1) Sale and Leaseback
(2) Factoring with Seller's Receivables Guarantee
(3) Factoring without Seller's Receivables Guarantee
(4) Business Capital Facilities
(5) Other Schemes with Financial Services Authority Approval
c) Multi-purpose Financing
(1) Financial Leasing
(2) Installment Purchase
(3) Fund Facilities
(4) Other Schemes with Financial Services Authority Approval
d) Other Financing Based on Financial Services Authority Approval
2) Financing Based on Sharia Principles
a) Margin Income from Sales Financing Activities
b) Profit-Sharing Income from Investment Financing Activities
c) Fee Income from Service Financing
3) Income from Financing Pass-Through Activities
4) Income from Joint Financing Activities
b. Other Operational Income Related to Financing
1) Administrative Income
2) Provision Income
3) Penalty Income
4) Insurance Discount
5. Other Operational Income Related to Financing
c. Non-Operational Income Not Related to Financing
1) Income from Operating Leases
2) Fee-Based Activity Income
a) Mutual Fund Product Marketing
b) Insurance Product Marketing
c) Other Product Marketing
3) Other Non-Operational Income Not Related to Financing
2. Non-Operational Income
a. Interest/Current Account Service Income
b. Other Non-Operational Income
Total Income
EXPENSES
1. Operational Expenses
a. Interest Expenses
1) Interest Expenses from Loans Received
2) Interest Expenses from Securities Issued
3) Profit-Sharing Expenses on Funding Received Based on Sharia Principles
b. Swap Transaction Premium Expenses
c. Insurance Premium/Sharia Insurance Contribution Expenses
d. Labor Expenses
1) Salary, Wages, and Allowances Expenses
2) Labor Education and Training Expenses
3) Other Labor Expenses
e. Marketing Expenses
1) Third-Party Incentive Expenses
2) Other Marketing Expenses
f. Provision/Depreciation Expenses
1) Doubtful Receivables Provision Expenses:
a) Investment Financing Operational Expenses
b) Working Capital Financing Expenses
c) Multi-purpose Financing Expenses
d) Other Financing Expenses Based on Financial Services Authority Approval
e) Financing Expenses Based on Sharia Principles
2) Depreciation Expenses for Assets Held Under Operating Lease
3) Depreciation Expenses for Fixed Assets and Inventories
g. Rental Expenses
h. Maintenance and Repair Expenses
i. Administrative and General Expenses
j. Other Operational Expenses
2. Non-Operational Expenses
Total Expenses
PROFIT (LOSS) BEFORE TAX
ESTIMATED INCOME TAX
1. Current Year Tax -/-
2. Deferred Tax Income (Expense)
PROFIT (LOSS) AFTER TAX
COMPREHENSIVE INCOME (LOSS) PROFIT (LOSS)
1. Profit (Loss) Due to Changes in Fixed Asset Revaluation Surplus
2. Exchange Difference Due to Financial Statement Translation in Foreign Currency
3. Profit (Loss) Due to Remeasurement of Available-for-Sale Financial Assets
4. Profit (Loss) Due to Effective Portion of Financial Hedging Instruments in Cash Flow Hedges
5. Profit (Loss) on Other Equity Components in Accordance with Accounting Standards Principles
COMPREHENSIVE NET PROFIT (LOSS) FOR THE CURRENT PERIOD

Notes:
X-1 is the year of report preparation.
X is the year of the business plan position.
1) calculation methods for comprehensive income statement items refer to:
a. Financial Services Authority Circular regarding monthly Company reports; and b. Financial Services Authority Circular regarding Company health level assessment.

b. Comprehensive Income Statement Projection of Islamic Financing Companies and UUS of Financing Companies

Items 1)	Performance Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
INCOME
1. Operational Income
a. Income from Financing Activities
1) Sales Financing Margin Income
a) Murabahah Margin Income
b) Salam Margin Income
c) Istishna Margin Income
d) Margin Income with other sales contracts
2) Investment Financing Profit-Sharing Income
a) Mudharabah Profit-Sharing Income
b) Musyarakah Profit-Sharing Income
c) Mudharabah Musytarakah Profit-Sharing Income
d) Musyarakah Mutanaqisah Profit-Sharing Income
e) Profit-Sharing Income from other investment contracts
3) Service Financing Fee Income
a) Ijarah Fee Income
b) Ijarah Muntahiyah Bittamlik (IMBT) Fee Income
c) Hawalah bil ujrah Fee Income
d) Wakalah bil ujrah Fee Income
e) Kafalah bil ujrah Fee Income
f) Ju'alah Fee Income
g) Fee Income from other service financing contracts
4) Income from Financing Pass-Through Activities (Channeling)
5) Income from Joint Financing Activities
b. Other Operational Income Related to Financing
1) Administrative Income
2) Provision Income
3) Compensation Income (Ta'widh)
4) Insurance Discount
5) Other Operational Income Related to Financing
2. Non-Operational Income
a. Fee/Current Account Service Income
b. Other Non-Operational Income
Total Income
EXPENSES
1. Operational Expenses
a. Margin/Profit-Sharing/Fee Expenses
1) Margin/Profit-Sharing/Fee Expenses for Mudharabah Contract
2) Margin/Profit-Sharing/Fee Expenses for Mudharabah Musytarakah Contract
3) Margin/Profit-Sharing/Fee Expenses for Musyarakah Contract
4) Margin/Profit-Sharing/Fee Expenses for Ijarah Contract
5) Margin/Profit-Sharing/Fee Expenses for Wakalah bil Ujrah Contract for financing activities
6) Margin/Profit-Sharing/Fee Expenses for other funding contracts
b. Swap Premium Expenses
c. Sharia Insurance Contribution Expenses
d. Labor Expenses
1) Salary, Wages, and Allowances Expenses
2) Labor Development and Training Expenses
3) Other Labor Expenses
e. Marketing Expenses
1) Third-Party Incentive Expenses

Pos-Pos 1) Performance
Sep X-1
Projection
Dec X-1 Jun X Dec X
2) Other Marketing Expenses
f. Provision/Depreciation Expenses
1) Provision Expense for Doubtful Receivables:
a) Provision Expense for Doubtful Receivables from Sales Financing b) Provision Expense for Doubtful Receivables from Investment Financing c) Provision Expense for Doubtful Receivables from Service Financing
2) Depreciation Expense of Assets Used for Financing Business Activities
(specifically for ijarah)
3) Depreciation Expense of Fixed Assets and Inventories
g. Rental Expenses h. Maintenance and Repair Expenses
i. Administrative and General Expenses
j. Other Operational Expenses
2. Non-Operational Expenses
Total Expenses
PROFIT (LOSS) BEFORE TAX
ESTIMATED INCOME TAX
1. Current Year Tax -/-

Pos-Pos 1) Performance
Sep X-1
Projection
Dec X-1 Jun X Dec X
2. Deferred Tax (Expense) Income
NET PROFIT (LOSS) AFTER TAX
COMPREHENSIVE INCOME (LOSS)

Gain (Loss) Due to Changes in Surplus of Revaluation of Fixed Assets
Exchange Difference (Excess) (Deficiency) Due to Translation of Financial Statements in Foreign Currency
Gain (Loss) Due to Remeasurement of Available-for-Sale Financial Assets
Gain (Loss) Due to Effective Portion of Financial Hedging Instruments in the Context of Cash Flow Hedging
Gain (Loss) Over Other Equity Components in Accordance with Accounting Standards Principles
COMPREHENSIVE NET PROFIT (LOSS) FOR THE CURRENT YEAR Notes:
X-1 is the year of report preparation.
X is the year of the business plan position.
1) The method of calculating comprehensive income/loss report items refers to:
a. Circular Letter of the Financial Services Authority regarding monthly reports of the Company; and b. Circular Letter of the Financial Services Authority regarding the assessment of the Company's health level.

4. Cash Flow Statement Projections
a. Cash Flow Statement Projection of Financing Companies Pos-Pos 1) Performance Sep X-1 Projection Dec X-1 Jun X Dec X A. Net Cash Flows from Operating Activities
1. Surplus (Deficit) Cash Flows
a. Cash Inflows from Operating Activities
1) Cash Inflows from Investment Financing
2) Cash Inflows from Working Capital Financing
3) Cash Inflows from Multi-purpose Financing
4) Cash Inflows from Financing Based on Sharia Principles
5) Cash Inflows from Other Financing Based on Approval of the Financial Services Authority
6) Cash Inflows from Fee-Based Activities
7) Cash Inflows from Operating Lease Activities
8) Cash Inflows from Channeling Financing Activities
9) Cash Inflows from Joint Financing Activities
10) Cash Inflows from Securities Intended for Trading

Pos-Pos 1)
Performance
Sep X-1
Projection
Dec X-1 Jun X Dec X
11) Cash Inflows from Other Operating Income
b. Cash Outflows for Operating Activities
1) Cash Outflows for Investment Financing Activities
2) Cash Outflows for Working Capital Financing Activities
3) Cash Outflows for Multi-purpose Financing Activities
4) Cash Outflows for Financing Activities Based on Sharia Principles
5) Cash Outflows for Other Financing Activities Based on Approval of the Financial Services Authority
6) Cash Outflows for Interest Payments
7) Cash Outflows for General and Administrative Expenses
8) Cash Outflows for Income Tax
9) Cash Outflows for Channeling Financing Activities
10) Cash Outflows for Joint Financing Activities
11) Cash Outflows for Securities Intended for Trading

Pos-Pos 1)
Performance
Sep X-1
Projection
Dec X-1 Jun X Dec X
12) Cash Outflows for Other Operating Activities
B. Net Cash Flows from Investing Activities

Cash Inflows from Investing Activities
a. Cash Inflows from Disposal of Subsidiaries b. Cash Inflows from Sale of Land, Buildings, and Equipment
c. Cash Inflows from Sale of Securities Not Intended for Trading
d. Cash Inflows from Dividends e. Cash Inflows from Interest Receipts from Investing Activities f. Cash Inflows from Other Investing Income
Cash Outflows for Investing Activities
a. Cash Outflows for Acquisition of Subsidiaries b. Cash Outflows for Purchase of Land, Buildings, and Equipment
c. Cash Outflows for Acquisition of Securities Not Intended for Trading
d. Cash Outflows for Other Investing Activities

Pos-Pos 1)
Performance
Sep X-1
Projection
Dec X-1 Jun X Dec X
C. Net Cash Flows from Financing Activities

Cash Inflows from Financing Activities
a. Cash Inflows from Loans and Issuance of Securities b. Cash Inflows from Issuance of Share Capital
c. Cash Inflows from Other Financing Income
Cash Outflows for Financing Activities
a. Cash Outflows for Principal Payments of Loans and Issued Securities b. Cash Outflows for Withdrawal of Company Capital
c. Cash Outflows for Dividend Payments
d. Cash Outflows for Other Financing Activities D. Increase (Decrease) from Foreign Currency Exchange Rate Changes and Cash Equivalents E. Net Increase (Decrease) in Cash and Cash Equivalents F. Cash and Cash Equivalents at the Beginning of the Period G. Cash and Cash Equivalents at the End of the Period

Notes:
X-1 is the year of report preparation.
X is the year of the business plan position.
1) The method of calculating cash flow statement items refers to:
a. Circular Letter of the Financial Services Authority regarding monthly reports of the Company; and b. Circular Letter of the Financial Services Authority regarding the assessment of the Company's health level. b. Cash Flow Statement Projection of Sharia Financing Companies and Sharia Business Units (UUS) of Financing Companies Pos-Pos 1) Performance Sep X-1 Projection Dec X-1 Jun X Dec X A. Net Cash Flows from Operating Activities

Cash Receipts from Operating Activities
a. Receipts from Sales Financing
1) Receipts from Murabahah Financing Activities
2) Receipts from Salam Financing Activities
3) Receipts from Istishna Financing Activities
4) Receipts from Other Sales Financing Contracts
b. Receipts from Investment Financing
1) Receipts from Mudharabah Financing Activities
2) Receipts from Musyarakah Financing Activities
3) Receipts from Mudharabah Musytarakah Financing Activities

Pos-Pos 1)
Performance
Sep X-1
Projection
Dec X-1 Jun X Dec X
4) Receipts from Musyarakah Muntanaqisah Financing Activities
5) Receipts from Other Investment Financing Contracts
c. Receipts from Service Financing
1) Receipts from Ijarah Financing Activities
2) Receipts from IMBT Financing Activities
3) Receipts from Hawalah bil ujrah Financing Activities
4) Receipts from Wakalah bil ujrah Financing
5) Receipts from Kafalah bil ujrah Financing
6) Receipts from Ju'alah Financing Activities
7) Receipts from Qardh Financing
8) Receipts from Other Service Financing Contracts
d. Receipts from Channeling Financing Activities e. Receipts from Joint Financing Activities f. Receipts from Securities Traded g. Receipts from Other Operating Income
2. Cash Payments for Operating Activities
a. Payments for Sales Financing Activities

Pos-Pos 1)
Performance
Sep X-1
Projection
Dec X-1 Jun X Dec X
1) Payments for Murabahah Financing Activities
2) Payments for Salam Financing Activities
3) Payments for Istishna Financing Activities
4) Payments for Other Sales Financing Contracts
b. Payments for Investment Financing Activities
1) Payments for Mudharabah Financing Activities
2) Payments for Musyarakah Financing Activities
3) Payments for Mudharabah Musytarakah Financing Activities
4) Payments for Musyarakah Muntanaqisah Financing Activities
5) Payments for Other Investment Financing Contracts
c. Payments for Service Financing Activities
1) Payments for Ijarah Financing Activities
2) Payments for IMBT Financing Activities
3) Payments for Hawalah bil ujrah Financing Activities
4) Payments for Wakalah bil ujrah Financing Activities

Pos-Pos 1)
Performance
Sep X-1
Projection
Dec X-1 Jun X Dec X
5) Payments for Kafalah bil ujrah Financing Activities
6) Payments for Ju'alah Financing Activities
7) Payments for Qardh Financing Activities
8) Payments for Other Service Financing Contracts
d. Payments for General and Administrative Expenses e. Payments for Income Tax f. Payments from Channeling Financing Activities g. Payments from Joint Financing Activities h. Payments for Acquisition of Traded Securities
i. Payments for Other Operating Activities
B. Net Cash Flows from Investing Activities

Cash Receipts from Investing Activities
a. Receipts from Disposal of Subsidiaries b. Receipts from Sale of Land, Buildings, and Equipment
c. Receipts from Sale of Securities Not Intended for Trading
d. Dividend Receipts

Pos-Pos 1)
Performance
Sep X-1
Projection
Dec X-1 Jun X Dec X e. Profit Sharing Receipts from Investing Activities f. Receipts from Other Investing Activities
2. Cash Payments for Investing Activities
a. Payments for Acquisition of Subsidiaries b. Payments for Purchase of Land, Buildings, and Equipment
c. Payments for Acquisition of Securities Not Intended for Trading
d. Payments for Other Investing Activities
C. Net Cash Flows from Financing Activities

Cash Receipts from Financing Activities
a. Receipts from Bank Financing
1) Mudharabah Contract
2) Mudharabah Musytarakah Contract
3) Musyarakah Contract
4) Other Contracts
b. Receipts from Non-Bank Financing
1) Mudharabah Contract
2) Mudharabah Musytarakah Contract

Pos-Pos 1)
Performance
Sep X-1
Projection
Dec X-1 Jun X Dec X
3) Musyarakah Contract
4) Other Contracts
c. Receipts from Subordinated Loan (qardh) Financing
d. Receipts from Sukuk Issuance e. Receipts from Sharia-Compliant Securitization Financing f. Receipts from Other Financing in Accordance with Sharia Principles g. Receipts from Share Capital Issuance h. Receipts from Working Capital Deposits (specifically for UUS)
2. Cash Payments for Financing Activities
a. Outflows from Bank Financing
1) Mudharabah Contract
2) Mudharabah Musytarakah Contract
3) Musyarakah Contract
4) Other Contracts
b. Outflows from Non-Bank Financing
1) Mudharabah Contract
2) Mudharabah Musytarakah Contract
3) Musyarakah Contract

Pos-Pos 1)
Performance
Sep X-1
Projection
Dec X-1 Jun X Dec X
4) Other Contracts
c. Outflows from Subordinated Loan (qardh) Financing Financing
d. Outflows from Sukuk Issuance e. Outflows from Sharia-Compliant Securitization Financing f. Outflows from Other Financing in Accordance with Sharia Principles g. Payments for Withdrawal of Company Shares (treasury stock) h. Dividend Payments D. Increase (Decrease) from Foreign Currency Exchange Rate Changes and Cash Equivalents E. Net Increase (Decrease) in Cash and Cash Equivalents F. Cash and Cash Equivalents at the Beginning of the Period G. Cash and Cash Equivalents at the End of the Period Notes:
X-1 is the year of report preparation.
X is the year of the business plan position.
1) The method of calculating cash flow statement items refers to:
a. Circular Letter of the Financial Services Authority regarding monthly reports of the Company; and b. Circular Letter of the Financial Services Authority regarding the assessment of the Company's health level.

Administrative Account Projections
a. Administrative Account Projection of Financing Companies Pos-Pos 1) Performance Sept X-1 Projection Dec X-1 Jun X Dec X Undrawn Loan Facilities a. Domestic
1) Banks
2) Nonbank Financial Service Institutions
3) Others
b. Foreign
1) Banks
2) Nonbank Financial Service Institutions
3) Others
Undrawn Financing Facilities to Debtors
Issuance of Letters of Guarantee
Disbursement of Joint Financing
Third-Party Portion a. Channeling Financing Activities b. Joint Financing Activities Derivative Instruments for Hedging a. Interest Rate Swap b. Currency Swap
c. Cross Currency Swap
d. Forward e. Option f. Future g. Others
Other Administrative Accounts a. Written-Off Financing Receivables

Pos-Pos 1)
Performance
Sept X-1
Projection
Dec X-1 Jun X Dec X b. Successfully Collected Written-Off Financing Receivables
c. Written-Off Receivables
Total
Notes:
X-1 is the year of report preparation.
X is the year of the business plan position.
1) The method of calculating administrative account report items refers to:
a. Circular Letter of the Financial Services Authority regarding monthly reports of the Company; and b. Circular Letter of the Financial Services Authority regarding the assessment of the Company's health level. b. Administrative Account Projection of Sharia Financing Companies and Sharia Business Units (UUS) of Financing Companies Pos-Pos 1) Performance Sept X-1 Projection Dec X-1 Jun X Dec X Undrawn Financing Facilities a. Domestic
1) Banks
2) Nonbank Financial Service Institutions
3) Others
b. Foreign
1) Banks
2) Nonbank Financial Service Institutions
3) Others
Undrawn Financing Facilities to Consumers
Issuance of Sharia-Compliant Letters of Guarantee a. Domestic Financing

Pos-Pos 1) Performance
Sept X-1
Projection
Dec X-1 Jun X Dec X b. Foreign Financing
Disbursement of Joint Financing
Third-Party Portion a. Channeling Financing Activities b. Joint Financing Activities Sharia Derivative Instruments for Hedging a. Spot b. Forward Agreement Other Administrative Accounts a. Written-Off Financing Receivables b. Successfully Collected Written-Off Financing Receivables
c. Written-Off Receivables
Total
Notes:
X-1 is the year of report preparation.
X is the year of the business plan position.
1) The method of calculating administrative account report items refers to:
a. Circular Letter of the Financial Services Authority regarding monthly reports of the Company; and b. Circular Letter of the Financial Services Authority regarding the assessment of the Company's health level.

Format 11: Projections of Specific Ratios and Items
1. Projections of Specific Ratios and Items for Financing Companies
Specific Ratios and Items 1)
Performance
Sept X-1
Projection
Dec X-1 Jun X Dec X
1. Gearing Ratio (times)
2. Equity Participation/Equity (%)
3. Net Outstanding Principal Financing Receivables Balance Ratio to Total Assets (Financing to Asset Ratio) (%)
4. Net Financing Receivables Balance Ratio to Total Received Financing (%)
5. Outstanding Principal Financing Balance Ratio for Investment and Working Capital Financing Compared to Total Outstanding Principal Financing Balance Before Deducting Established Provisions for Write-Off of Financing Receivables (%)
6. Own Capital/Paid-Up Capital (%)
7. Capital Adequacy Ratio (%)
8. NPF Gross (%)
9. NPF Net (%)
10. ROE (%)
11. ROA (%)
12. BOPO (%)
13. NIM (%)
14. Current Ratio (%)
15. Cash Ratio (%)
Notes:
X-1 is the year of report preparation.
X is the year of the business plan position.

1) The method of calculating specific ratios and items refers to:
a. Circular Letter of the Financial Services Authority regarding monthly reports of the Company; and b. Circular Letter of the Financial Services Authority regarding the assessment of the Company's health level.
2. Projections of Specific Ratios and Items for Sharia Financing Companies
Specific Ratios and Items 1)
Performance
Sept X-1
Projection
Dec X-1 Jun X Dec X
1. Gearing Ratio (times)
2. Equity Participation/Equity (%)
3. Net Outstanding Principal Productive Assets Balance Ratio to Total Assets (Financing to Asset Ratio)
4. Net Outstanding Principal Productive Assets Balance Ratio to Total Received Financing
5. Outstanding Principal Productive Assets Balance Ratio for Productive Business Purposes Compared to Total Outstanding Principal Productive Assets Balance Before Deducting Established Provisions for Write-Off of Productive Assets (%)
6. Own Capital/Paid-Up Capital (%)
7. Capital Adequacy Ratio (%)
8. Gross Problematic Productive Assets Ratio (%)
9. Net Problematic Productive Assets Ratio (%)
10. ROE (%)
11. ROA (%)
12. BOPO (%)
13. NIM (%)
14. Current Ratio (%)
15. Cash Ratio (%)

Notes:
X-1 is the year of report preparation.
X is the year of the business plan position.
1) The method of calculating specific ratios and items refers to:
a. Circular Letter of the Financial Services Authority regarding monthly reports of the Company; and b. Circular Letter of the Financial Services Authority regarding the assessment of the Company's health level.

Format 12: Direct Participation Plan

Details of Direct Participation Plan
Name of Subsidiary Company
Performance
Sep X-1
Projection
Dec X-1 Jun X Dec X
Notes:
X-1 is the year of report preparation.
X is the year of the business plan position.
Reasons and Considerations
(filled with reasons/considerations for direct participation)
Strategy
(filled with direct participation strategy)

Format 13: Plan for Merger, Consolidation, and/or Split

Merger Plan
a. Information regarding the merger plan:
Company merging into:
1) ....
2) ....
3) ....
Company receiving the merger: ....
b. Reasons and Considerations
(filled with reasons/considerations for merger)
c. Strategy
(filled with merger strategy)
Consolidation Plan
a. Information regarding the consolidation plan:
Company consolidating into:
1) ....
2) ....
3) ....
Company after consolidation: ....
b. Reasons, Considerations, and Objectives
(filled with reasons, considerations, and objectives for consolidation)
c. Strategy and Implementation Steps
(filled with strategy and implementation steps for consolidation)
Split Plan
a. Information regarding the split plan:
Company splitting from: ....
Resulting split companies:
1) ...
2) ...
3) etc.
b. Reasons and Considerations
(filled with reasons/considerations for split)
c. Strategy
(filled with split strategy)

Format 14: Plan to Cease Business Activities So as No Longer to Be a Company

Explanation
(filled with explanation regarding the plan to cease business activities so as no longer to be a Company, including regarding the reasons for ceasing business activities so as no longer to be a Company)
Reasons and Considerations
(filled with reasons/considerations for ceasing business activities so as no longer to be a Company)
Strategy
(filled with strategy for ceasing business activities so as no longer to be a Company)

Format 15: Plan to Convert Financing Company into Sharia Financing Company

Information regarding the conversion plan:
Result of conversion company: .....
Reasons and Considerations
(filled with reasons/considerations for conversion)
Strategy
(filled with strategy for conversion into Sharia Financing Company)

Format 16: Plan for Formation, Closure, or Split of UUS

UUS Formation Plan
a. Information regarding the formation plan:
Result of formation UUS: .....
b. Reasons and Considerations
(filled with reasons and considerations for formation of UUS)
c. Strategy
(filled with strategy for formation of UUS)
UUS Closure Plan
a. Information regarding the closure plan:
UUS to be closed: .....
b. Reasons and Considerations
(filled with reasons and considerations for closure of UUS)

c. Strategy
(filled with strategy for closure of UUS)
3. UUS Split Plan
a. Information regarding the split plan:
UUS splitting from: .....
Resulting Sharia Financing Company from split: ….. b. Reasons and Considerations (filled with reasons and considerations for split of UUS)
c. Strategy
(filled with strategy for split of UUS)

Format 17: Business Plan Realization Report a. Filled with explanation regarding the achievement of the Business Plan, including the achievement of the Business Plan and the comparison of plans and realizations which at least include:
1) realization of business activities plans as referred to in format 4;
2) realization of business development or expansion plans as referred to in format 5;
3) realization of financing plans as referred to in format 7;
4) realization of organizational development, human resources, and/or information technology plans as referred to in format 9; and
5) realization of financial statement projections and assumptions used as referred to in format 10.
b. Filled with explanation regarding deviations from the Business Plan realization related to the scope of realization in letter a, such as causes and obstacles faced.
c. Filled with follow-up efforts that have been and will be carried out to improve the achievement of Business Plan realization.
d. Filled with financial ratios and specific items including explanation regarding the realization of financial ratios and specific items as referred to in format 11. e. Filled with explanation regarding the achievement of other information in the Business Plan and the comparison of plans and realizations which at least include:
1) realization of capital plans as referred to in format 6;
2) realization of office network and/or distribution channel development and/or changes plans as referred to in format 8;
3) realization of direct participation plans as referred to in format 12;
4) realization of merger, consolidation, and/or split plans as referred to in format 13;
5) realization of plans to cease business activities so as no longer to be a financing company as referred to in format 14;
6) realization of plans to convert Financing Companies into Sharia Financing Companies as referred to in format 15; and
7) realization of plans for formation, closure, or split of UUS as referred to in format 16.

Known by:
Board of Directors: (signature and full name)
Board of Directors: (signature and full name) etc... etc...

This copy is in accordance with the original
Legal Director 1
Legal Department signed
Yuliana
Format 18: Business Plan Supervision Report
(filled with Board of Commissioners' assessment regarding the implementation of the Business Plan in the form of quantitative and qualitative assessment of Business Plan realization, assessment of good corporate governance factors, risk profile, profitability, and capital adequacy, as well as efforts to improve Company performance, if according to their assessment there is a decline in Company performance. Approved by:
Board of Commissioners: (signature and full name) Board of Commissioners: (signature and full name) etc... etc... Established in Jakarta on November 11, 2019 EXECUTIVE HEAD OF SUPERVISOR OF INSURANCE, PENSION FUNDS, FINANCING INSTITUTIONS, AND OTHER FINANCIAL SERVICE INSTITUTIONS FINANCIAL SERVICES AUTHORITY, signed RISWINANDI