To:
The Board of Directors of Infrastructure Financing Companies

COPY

CIRCULAR LETTER OF THE FINANCIAL SERVICES AUTHORITY OF THE REPUBLIC OF INDONESIA

NUMBER 18 /SEOJK.05/2020

CONCERNING

BUSINESS PLAN OF INFRASTRUCTURE FINANCING COMPANIES

In relation to 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 the Business Plan 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 the business plan, the form and structure of the business plan realization report, the form and structure of the business plan supervision report, and the procedures for submitting the business plan, adjusting the business plan, changing the business plan, reporting the business plan realization, and reporting the business plan supervision of infrastructure financing companies in this Financial Services Authority Circular Letter as follows:

I. GENERAL PROVISIONS

In this Financial Services Authority Circular Letter, the following terms are meant:

1. Infrastructure Financing Company is a business entity specifically established to conduct financing in the form of providing funds for infrastructure projects.

2. Infrastructure is infrastructure that can facilitate the flow of goods and services mobility.

3. Sharia Principles are Islamic legal provisions based on fatwas and/or statements of Sharia compliance by institutions that have authority in setting fatwas in the Sharia field.

4. Sharia Business Unit, hereinafter abbreviated as UUS, is a work unit of the headquarters of the Infrastructure Financing Company that carries out financing activities in the form of providing funds for Infrastructure projects based on Sharia Principles and/or functions as the head office of offices that carry out financing activities in the form of providing funds for Infrastructure projects based on Sharia Principles.

5. Business Plan is a written document describing the development plan and business activities of the Infrastructure Financing Company within a certain period, as well as strategies to realize such plans according to targets and timeframes set.

6. Board of Directors is the Board of Directors as referred to in Law Number 40 of 2007 concerning Limited Liability Companies for Infrastructure Financing Companies in the form of a limited liability company legal entity or equivalent to the Board of Directors for Infrastructure Financing Companies in the form of a cooperative legal entity.

7. Board of Commissioners is the Board of Commissioners as referred to in Law Number 40 of 2007 concerning Limited Liability Companies for Infrastructure Financing Companies in the form of a limited liability company legal entity or equivalent to the Board of Commissioners for Infrastructure Financing Companies in the form of a cooperative legal entity.

8. 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.

9. 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

1. The Scope of the Business Plan must at least contain:
   a. executive summary; b. evaluation of the implementation of the Business Plan of the previous period;
   c. vision, mission, and business strategy;
   d. policies and management 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 in office networks or distribution channels; and
   6. plans for organizational development, human resources, and/or information technology;
      e. projected financial statements along with the assumptions used; f. projected ratios and specific items; and g. other information.

2. For Infrastructure Financing Companies that have a UUS, the Scope of the Business Plan as referred to in item 1 must also include a specific business plan for the UUS which is an integral part of the Business Plan.

3. 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, which includes among others:
   a. plans and strategic steps to be taken by the Infrastructure Financing Company in the short term for a 1 (one) year period and the 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.

4. The executive summary as referred to in item 3 is prepared according to Format 1 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.

5. Evaluation of the implementation of the Business Plan of the previous period as referred to in item 1 letter b contains explanations regarding:
   a. main points of the realization of the Business Plan of the previous period; b. obstacles and problems faced in the previous period;
   c. things done to overcome such obstacles and problems; and
   d. follow-up actions to be taken to improve future performance achievements.

6. The evaluation of the implementation of the Business Plan of the previous period as referred to in item 5 is prepared according to Format 2 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.

7. Vision, mission, and business strategy as referred to in item 1 letter c contains explanations regarding:
   a. vision which is the goal to be achieved by the Infrastructure Financing Company in the long term; b. mission which is the method used in the short term to achieve goals;
   c. business strategy which is the strategy and policy direction of the Infrastructure Financing Company in facing business competition and social dynamics in the future, which must at least include:

   1. analysis of the position of the Infrastructure Financing Company in facing business competition, including information regarding the position of the Infrastructure Financing Company both within the same business group and in the industry, including information regarding problems and obstacles experienced by the Infrastructure Financing Company;
   2. policy direction of the Infrastructure Financing Company, consisting of explanations regarding general information on policies set by management in business development in the future; and
   3. business development strategy, which among others contains information regarding:
      a) strategic steps to achieve the business goals set by the Infrastructure Financing Company; b) explanation regarding organizational development and information system technology strategies; and c) strategies to anticipate changes in external conditions.

8. In preparing the analysis of the position of the Infrastructure Financing Company in facing business competition as referred to in item 7 letter c item 1), the Infrastructure Financing Company may use relevant strategic planning analysis methods.

9. The vision, mission, and business strategy as referred to in item 7 is prepared according to Format 3 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.

10. The business activity plan as referred to in item 1 letter d item 1) contains explanations regarding the business activity plan which must at least include:
    a. general infrastructure financing plans; b. infrastructure financing plans based on infrastructure type;
    c. infrastructure financing plans based on economic sector;
    d. infrastructure financing plans based on financing location; and e. consulting service provision plans.

11. The business activity plan as referred to in item 10 is prepared according to Format 4 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.

12. The plan for development or expansion of business activities as referred to in item 1 letter d item 2) must at least include plans for the implementation of activities or provision of other facilities other than those regulated in item 10 letters a through e.

13. The plan for development or expansion of business activities as referred to in item 12 is prepared according to Format 5 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.

14. The capital plan as referred to in item 1 letter d item 3) must at least include:
    a. capital projections; and b. capital change plans.

15. The capital plan as referred to in item 14 is prepared according to Format 6 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.

16. 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 financing contracts for UUS.

17. The funding plan as referred to in item 16 is prepared according to Format 7 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.

18. The plan for development and/or changes in 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 and UUS branch offices; b. plans for changing the addresses of the headquarters, branch offices, and UUS branch offices; and
    c. plans for closing branch offices and UUS branch offices.

19. The plan for development and/or changes in office networks or distribution channels as referred to in item 18 is prepared according to Format 8 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.

20. 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, 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, among others:
    4. plans for fulfilling human resources;
       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;
    5. 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;
    6. plans for using foreign workers;
       c. information technology development plans, which are plans for fundamental development and procurement of information technology, including information regarding the costs of development and maintenance of information technology, among others:
    7. significant changes to the configuration of core information technology or applications of the Infrastructure Financing Company;
    8. procurement of new core applications;
    9. cooperation with information technology service providers; and
    10. development and procurement of other fundamental information technology that can add and/or increase the risk of the Infrastructure Financing Company.

21. The plans for organizational development, human resource development, and/or information technology as referred to in item 20 are prepared according to Format 9 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.

22. 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 which include:

    1. macro assumptions including gross domestic product growth, exchange rates, and inflation rates; and
    2. micro assumptions including loan/financing growth, funding growth, interest rates/funding yields, loan/financing interest rates/yields, and ratios of problematic loan/financing receivables; and
       b. information regarding the financial condition of the Infrastructure Financing Company, including:
    3. projected balance sheets;
    4. projected comprehensive income statements;
    5. projected cash flow statements; and
    6. projected administrative accounts.

23. Projected financial statements along with the assumptions used as referred to in item 22 are prepared according to Format 10 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.

24. Projected ratios and specific items as referred to in item 1 letter f are prepared according to Format 11 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.

25. Other information as referred to in item 1 letter g must at least include:
    a. direct participation plans; b. sustainable finance action plans; and
    c. plans to cease business activities so as no longer to be an Infrastructure Financing Company.

26. The direct participation plan as referred to in item 25 letter a is prepared according to Format 12 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.

27. The Business Plan containing:
    a. key financial indicators as referred to in item 3 letter b; b. business activity plans as referred to in item 10;
    c. capital projections as referred to in item 14 letter a;
    d. funding plans as referred to in item 16; e. projected financial statements along with the assumptions used as referred to in item 22; f. projected ratios and specific items as referred to in item 24; and g. direct participation plans 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 Indonesian Rupiah.

28. The sustainable finance action plan as referred to in item 25 letter b is prepared according to the format regulated in the Financial Services Authority Regulation regarding the implementation of sustainable finance for financial service institutions, issuers, and public companies.

29. The plan to cease business activities so as no longer to be an Infrastructure Financing Company as referred to in item 25 letter c is prepared according to Format 13 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.

30. 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 in 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. plans to cease business activities so as no longer to be an Infrastructure Financing Company as referred to in item 25 letter c; and h. direct participation plans as referred to in item 25, also contains descriptions regarding:

    1. reasons or considerations used in preparing the aforementioned plans; and
    2. the Infrastructure Financing Company's strategy to realize the aforementioned plans.

31. In the event there is other information that needs to be submitted by the Infrastructure Financing 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 needs of the Infrastructure Financing Company.

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

1. The Business Plan Realization Report includes:
   a. explanations regarding the achievement of the Business Plan, namely the comparison between the plan and the realization of the Business Plan, including regarding the focus and priority of achieving the Business Plan; b. explanations regarding deviations in the realization of the Business Plan, namely explanations regarding the causes and obstacles of deviations between the plan and the realization of the Business Plan;
   c. follow-up 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 others 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.

2. For Infrastructure 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.

3. The Business Plan Realization Report must be signed by members of the Board of Directors.

4. The Business Plan Realization Report is prepared according to Format 14 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.

5. 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 performance of the Infrastructure Financing Company; and
   c. efforts to improve the performance of the Infrastructure Financing Company.

6. For Infrastructure 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.

7. The Business Plan Supervision Report must be signed by members of the Board of Commissioners.

8. The Business Plan Supervision Report is prepared according to Format 15 as contained in the Appendix which is an integral part of this Financial Services Authority Circular Letter.

IV. PROCEDURES FOR SUBMISSION OF BUSINESS PLAN, ADJUSTMENT OF BUSINESS PLAN, CHANGE OF BUSINESS PLAN, BUSINESS PLAN REALIZATION REPORT, AND BUSINESS PLAN SUPERVISION REPORT

1. Infrastructure Financing Companies must submit the Business Plan, adjustment of the Business Plan, change of the Business Plan, Business Plan Realization Report, and Business Plan Supervision Report to the Financial Services Authority online through the Financial Services Authority's data communication network system.

2. Infrastructure Financing 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.

3. 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 the Business Plan, adjustment of the Business Plan, change of the Business Plan, Business Plan Realization Report, and Business Plan Supervision Report is submitted to the Financial Services Authority offline by:
   a. being handed directly to the Financial Services Authority office; or b. being sent through a courier service company.

4. In the event of technical disturbances as referred to in item 3, the Financial Services Authority announces this through the Financial Services Authority website.

5. Submission of reports offline as referred to in item 3 must be submitted in electronic data (softcopy) form using media in the form of a compact disc (CD) or other electronic data storage media.

6. Submission of reports as referred to in item 5 must be accompanied by a cover letter in printed (hardcopy) form signed by the Board of Directors.

7. Submission of the cover letter and the Business Plan, adjustment of the Business Plan, change of the Business Plan, Business Plan Realization Report, and Business Plan Supervision Report offline as referred to in item 3 is addressed to:
   a. for Infrastructure Financing Companies:
   Executive Head of Insurance, Pension Fund, Financing Institution, and Other Financial Service Institution Supervision Financial Services Authority Attention: Director of Financing Institution Supervision Wisma Mulia 2 Building, 15th Floor Jalan Jenderal Gatot Subroto Kav. 40 Jakarta 12710;

   b. for Infrastructure Financing Companies that have a UUS:

   1. Executive Head of Insurance, Pension Fund, Financing Institution, and Other Financial Service Institution Supervision
      Financial Services Authority
      Attention: Director of Financing Institution Supervision Wisma Mulia 2 Building, 15th Floor Jalan Jenderal Gatot Subroto Kav. 40 Jakarta 12710; and
   2. Executive Head of Insurance, Pension Fund, Financing Institution, and Other Financial Service Institution Supervision
      Financial Services Authority
      Attention: Director of Sharia IKNB Supervision Wisma Mulia 2 Building, 15th Floor Jalan Jenderal Gatot Subroto Kav. 40 Jakarta 12710.

8. In the event of a change in the address of the Financial Services Authority Office for report submission as referred to in item 7, the Financial Services Authority conveys notification regarding the address change via letter or announcement.

9. Infrastructure Financing Companies are deemed to have submitted the Business Plan, adjustment of the Business Plan, change of the Business Plan, Business Plan Realization Report, and Business Plan Supervision Report with the following provisions:
   a. for online submission through the Financial Services Authority's data communication network system, proven by a receipt from the Financial Services Authority's data communication network system; or b. for offline submission, proven by a receipt from the Financial Services Authority.

This copy is in accordance with the original

Legal Director 1
Legal Department

signed
Mufli Asmawidjaja

V. CLOSING

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

Determined in Jakarta on 27 August 2020

EXECUTIVE HEAD OF INSURANCE, PENSION FUND,
FINANCING INSTITUTION, AND
OTHER FINANCIAL SERVICE INSTITUTION SUPERVISION FINANCIAL SERVICES AUTHORITY REPUBLIC OF INDONESIA,

signed
RISWINANDI

APPENDIX
CIRCULAR LETTER OF THE FINANCIAL SERVICES AUTHORITY OF THE REPUBLIC OF INDONESIA NUMBER 18 /SEOJK.05/2020 CONCERNING BUSINESS PLAN OF INFRASTRUCTURE FINANCING COMPANIES

TABLE OF CONTENTS

INFRASTRUCTURE FINANCING COMPANY BUSINESS PLAN FORMAT

Format 1: Executive Summary 3
Format 2: Evaluation of Previous Period Business Plan Implementation 6 Format 3: Vision, Mission, and Business Strategy 7 Format 4: Business Activity Plan 8 Format 5: Business Activity Development or Expansion Plan 20 Format 6: Capital Plan 22 Format 7: Funding Plan 24 Format 8: Office Network or Distribution Channel Development and/or Change Plan 31 Format 9: Organization, Human Resources, and/or Information Technology Development Plan 33 Format 10: Financial Statement Projections and Assumptions Used 39 Format 11: Projection of Ratios and Specific Items 60 Format 12: Direct Participation Plan 62 Format 13: Business Activity Cessation Plan Resulting in Ceasing to be an Infrastructure Financing Company 63 Format 14: Business Plan Realization Report 64 Format 15: Business Plan Supervision Report 66

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Format 1: Executive Summary

1. Short-Term Strategic Plan and Steps for Period 1 (One) Year

a. ………. b. ……….
c. and so on…

2. Long-Term Strategic Plan and Steps for Period 5 (Five) Years

a. ………. b. ……….
c. and so on…

3. Key Financial Indicators

a. Key Financial Indicator Format for Infrastructure Financing Companies

No.	Key Financial Indicator	Actual Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
1.	Total Assets
2.	Loans Provided
	a. direct loans
	b. refinancing
	c. subordinated loans
	d. other activities or provision of facilities related to Infrastructure Financing after obtaining approval from the Financial Services Authority
	e. others
3.	Loans Received
4.	Issuance of Securities
5.	Equity
6.	Profit (Loss) Balance
7.	Profit (Loss) for the Current Period
8.	Gross NPF Ratio
9.	Net NPF Ratio
10.	Return on Asset 1)
11.	Return on Equity 2)
12.	Operating Expenses against Operating Income
13.	Net Interest Margin 3)
14.	Current Ratio 4)
15.	Cash Ratio 5)

Note: x-1: year of report preparation x: year of Business Plan position

1. Return on Asset = profit or loss before tax / average total assets
2. Return on Equity = net profit after tax / average total equity
3. Net Interest Margin = net interest income / average financing receivables
4. Current Ratio = current assets / current liabilities
5. Cash Ratio = cash and cash equivalents / current liabilities

b. Key Financial Indicator Format for UUS (Sharia Business Units) of Infrastructure Financing Companies

No.	Key Financial Indicator	Actual Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
1.	Total Assets
2.	Financing Provided
	a. direct financing
	b. refinancing
	c. subordinated financing
	d. other activities or provision of facilities related to Infrastructure Financing after obtaining approval from the Financial Services Authority
	e. others
3.	Funding Received
4.	Issuance of Sharia Securities
5.	Equity
6.	Profit (Loss) Balance
7.	Profit (Loss) for the Current Period
8.	Gross NPF Ratio
9.	Net NPF Ratio
10.	Return on Asset 1)
11.	Return on Equity 2)
12.	Operating Expenses against Operating Income
13.	Net Interest Margin 3)
14.	Current Ratio 4)
15.	Cash Ratio 5)
	TOTAL EQUITY
	TOTAL LIABILITIES AND EQUITY

Note: x-1: year of report preparation x: year of Business Plan position

1. Return on Asset = profit or loss before tax / average total assets
2. Return on Equity = net profit after tax / average total equity
3. Net Interest Margin = net financing income / average productive assets
4. Current Ratio = current assets / current liabilities
5. Cash Ratio = cash and cash equivalents / current liabilities

c. Description of the Financial Condition of the Infrastructure Financing Company

(to be filled with a description of the financial condition of the Infrastructure Financing Company along with projections reflected in the key financial indicators)

4. Description of Short-Term Targets for Period 1 (One) Year

(to be filled with a description including, among others, the reduction of outstanding loan values, the increase in new financing provision, the increase in Infrastructure Financing Company efficiency, capital strengthening, implementation of good corporate governance, implementation of risk management, and profit enhancement of the Infrastructure Financing Company)

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Format 2: Evaluation of Previous Period Business Plan Implementation

(to be filled with an explanation regarding the main points of the realization of the previous period's business plan, constraints and problems faced in the previous period, actions taken to overcome those constraints and problems, and follow-up actions to be taken in order to improve future achievement outcomes)

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Format 3: Vision, Mission, and Business Strategy

1. Vision of the Infrastructure Financing Company

...................................................................................................................
...................................................................................................................

2. Mission of the Infrastructure Financing Company

...................................................................................................................
...................................................................................................................

3. Business Strategy of the Infrastructure Financing Company

a. analysis of the Infrastructure Financing Company's position in facing business competition
...........................................................................................................
...........................................................................................................
b. policy direction of the Infrastructure Financing Company
...........................................................................................................
...........................................................................................................
c. business development strategy
...........................................................................................................
...........................................................................................................

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Format 4: Business Activity Plan

1. General Infrastructure Financing Plan

a. General Infrastructure Financing Plan Table for Infrastructure Financing Companies

Description	Actual Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
A. Plan for New Loan Provision:
1. Direct loans
2. Refinancing
3. Subordinated loans
4. Others
B. Outstanding Loans:
1. Direct loans
2. Refinancing
3. Subordinated loans
4. Others

Note: x-1: year of report preparation x: year of Business Plan position

b. General Infrastructure Financing Plan Table for UUS (Sharia Business Units):

Description	Actual Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
A. Plan for New Financing Provision:
1. Direct financing
2. Refinancing
3. Subordinated financing
4. Others
B. Outstanding Financing:
1. Direct financing
2. Refinancing
3. Subordinated financing
4. Others

Note: x-1: year of report preparation x: year of Business Plan position

c. Reasons and Considerations for Infrastructure Financing)

d. Strategy

(to be filled with strategies to realize the Infrastructure Financing plan)

2. Infrastructure Financing Plan Based on Infrastructure Type

a. Infrastructure Financing Plan Table Based on Infrastructure Type

Infrastructure Type	Actual Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
1. Transportation infrastructure, including sea ports, rivers or lakes, airports, rail networks, and railway stations.
2. Road infrastructure, including toll roads and toll bridges.
3. Irrigation infrastructure, including raw water conveyance channels.
4. Drinking water infrastructure, including raw water intake structures, transmission networks, distribution networks, and drinking water treatment plants.
5. Wastewater infrastructure, including wastewater treatment plants, collection networks, and main networks, and waste facilities including transporters and disposal sites.
6. Telecommunications infrastructure, including telecommunications networks.
7. Electricity infrastructure, including power generation, transmission, or electricity distribution.
8. Oil and natural gas infrastructure, including processing, storage, transportation, transmission, or distribution of oil and natural gas.
9. Other infrastructure not included in items 1 through 8 above with approval from the Financial Services Authority, based on approval letter number … dated … namely:
1) …
2) …
3) and so on…
Total

b. Reasons and Considerations for Infrastructure Financing based on Infrastructure Type)

c. Strategy

(to be filled with strategies to realize the Infrastructure Financing plan based on Infrastructure Type)

3. Infrastructure Financing Plan Based on Economic Sector

a. Infrastructure Financing Plan Table Based on Economic Sector

Economic Sector	Actual Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
A. Plan for Loan and Financing Provision:
Economic Sector - Business 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, Wastewater Management, Waste Management and Recycling Activities, and Remediation Activities
6. Construction
7. Wholesale and Retail Trade, Repair and Maintenance of Motor Vehicles and Motorcycles
8. Transportation and Warehousing
9. Accommodation and Food and Beverage Supply
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 Rights, Manpower Services, Travel Agents, and Other Business Support Activities
15. Government Administration, Defense, and Mandatory Social Security
16. Education
17. Human Health and Social Activities
18. Tourism, 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 Organizations and Other Extra-International Organizations
Economic Sector - Non-Business Sector
22. Households
23. Non-Business Sector - Others
B. Outstanding Loans and Financing:
Economic Sector - Business 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, Wastewater Management, Waste Management and Recycling Activities, and Remediation Activities
6. Construction
7. Wholesale and Retail Trade, Repair and Maintenance of Motor Vehicles and Motorcycles
8. Transportation and Warehousing
9. Accommodation and Food and Beverage Supply
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 Rights, Manpower Services, Travel Agents, and Other Business Support Activities
15. Government Administration, Defense, and Mandatory Social Security
16. Education
17. Human Health and Social 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 Organizations and Other Extra-International Organizations
Economic Sector - Non-Business Sector
22. Households
23. Non-Business Sector - Others

b. Reasons and Considerations for infrastructure financing based on economic sector)

c. Strategy

(to be filled with strategies to realize the infrastructure financing plan based on economic sector)

4. Infrastructure Financing Plan Based on Financing Location

a. Infrastructure Financing Plan Table Based on Financing Location

Financing Location	Actual Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
A. New Loan Provision:
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. Nanggroe Aceh Darussalam
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. Outstanding Loans and Financing:
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. Nanggroe Aceh Darussalam
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: To be filled based on financing project locations or to be filled with the most dominant location information.

b. Reasons and Considerations for infrastructure financing based on financing location)

c. Strategy

(to be filled with strategies to realize the infrastructure financing plan based on financing location)

5. Consultancy Service Provision Plan

a. Consultancy Service Provision Plan Table

(to be filled with an explanation regarding the consultancy service business activity plan)

b. Reasons and Considerations for consultancy service business activities)

c. Strategy

(to be filled with strategies to realize the consultancy service business activities to be carried out by the Infrastructure Financing Company)

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Format 5: Business Activity Development or Expansion Plan

a. Business Activity Development or Expansion Table

No	Type of Business Activity	General Description of Business Activity 1)	Time of Business Activity Implementation	Purpose of Business Activity	Relation of Business Activity to Infrastructure Financing Company Business Strategy 2)	Risks of Business Activity Implementation 2)	Risk Mitigation of Business Activity Implementation 1)	For the Company	For the Debtor
1.
2.
3.
4.
5.

Note:

1. New business activity types are types of activities or provision of other facilities that have never been conducted by the Infrastructure Financing Company.
2. More detailed explanations/descriptions can be attached in separate sheets.

b. Reasons and Considerations

(to be filled with reasons/considerations in preparing the business activity development or expansion plan)

c. Strategy

(to be filled with strategies to realize the business activity development or expansion plan)

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Format 6: Capital Plan

1. Capital Projection Table

Description	Actual Sept X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
Initial Paid-in Capital
Old Shareholders
1. ...
2. and so on…
New Shareholders
1. ...
2. and so on…
Total Paid-in Capital
Retained Earnings
Total Equity

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

2. Capital Change Plan

a. Description of Capital Change Plan

(to be filled with the capital change plan accompanied by the planned nominal amounts and the planned time for implementing the aforementioned capital change)

b. Reasons and Considerations for capital change)

c. Strategy

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

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Format 7: Funding Plan

1. Funding Plan Based on Funding Sources

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

Funding Type	Actual Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
A. New Funding Receipts:
1. Issuance of securities
2. Loans from the Government of the Republic of Indonesia
3. Loans from foreign governments
4. Loans from multilateral organizations
5. Loans from banks and/or domestic financial institutions
6. Loans from foreign banks and/or financial institutions
7. Grants
Total New Loan Receipts
B. Outstanding Funding:
1. Issuance of securities
2. Loans from Indonesian government
3. Loans from foreign governments
4. Loans from multilateral organizations
5. Loans from banks and/or domestic financial institutions
6. Loans from foreign banks and/or financial institutions
7. Grants
Total Outstanding Funding Balance

b. Funding Plan Table Based on Funding Sources for UUS (Sharia Business Units)

Funding Type	Actual Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
A. New Funding Receipts:
1. Issuance of Sharia securities
2. Funding from Indonesian government
3. Funding from foreign governments
4. Funding from multilateral organizations
5. Funding from banks and/or domestic financial institutions
6. Funding from foreign banks and/or financial institutions
7. Grants
Total New Funding Receipts
B. Outstanding Funding:
1. Issuance of Sharia securities
2. Loans from Indonesian government
3. Loans from foreign governments
4. Loans from multilateral organizations
5. Loans from banks and/or domestic financial institutions
6. Loans from foreign banks and/or financial institutions
7. Grants
Total Outstanding Funding Balance (New)

c. Reasons and Considerations for funding based on funding sources)

d. Strategy

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

2. Funding Plan Based on Currency

a. Funding Plan Table Based on Currency

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

Note:
X-1 year of report preparation.
X year of Business Plan position.

1. converted into Rupiah.

b. Reasons and Considerations for funding based on currency)

c. Strategy

(to be filled with strategies for the realization of the funding plan based on currency and hedging strategies conducted regarding exchange rate and interest rate risks)

3. Funding Plan Based on Contracts (Akad)

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

Funding Type	Actual Sep X-1	Projection Dec X-1	Projection Jun X	Projection Dec X
A. New Funding Receipts:
1. Contract (Akad)….
2. Contract (Akad)….
3. Contract (Akad)….
4. Contract (Akad)….
Total New Funding Receipts
B. Funding Receipts Balance (Outstanding):
1. Contract (Akad)….
2. Contract (Akad)….
3. Contract (Akad)….
4. Contract (Akad)….
Total Funding Receipts Balance (Outstanding)

b. Reasons and Considerations for funding based on funding contracts for UUS of Infrastructure Financing Companies)

c. Strategy

(to be filled with strategies for the realization of the funding plan based on funding contracts for UUS of Infrastructure Financing Companies)

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Format 8: Office Network or Distribution Channel Development and/or Change Plan

1. Office Network or Distribution Channel Development and/or Change Plan Table

Type of Office	Time of Implementation 1)	Estimated Investment/Cost	Location 2)	Notes 3)
Opening:
1. Branch Office
2. UUS Branch Office
Address Change:
1. Head Office
2. Branch Office 4)
a. Branch Office
b. UUS Branch Office
Closure:
1. Branch Office
2. UUS Branch Office

Note:

1. filled with the month of the planned implementation time.
2. for locations within the Special Capital Region of Jakarta, at least mention the name of the province of the Special Capital Region of Jakarta.
   For locations outside the Special Capital Region of Jakarta, at least include the name of the Regency/City.
3. detailed notes can be attached in separate sheets.
4. branch office address changes can only be conducted within 1 (one) regency/city area.

2. Reasons and Considerations for office network or distribution channel development and/or change)

3. Strategy

(to be filled with strategies for the realization of the office network or distribution channel development and/or change plan)

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

1. Organization Development Plan

a. Description of Organization Development Plan

(to be filled with an explanation regarding the organization development plan, including among others the plan for the formation of work units/divisions, the plan for changing work units/divisions, and the plan for forming committees, adjusted to the size and complexity of the Infrastructure Financing Company's business)

b. Reasons and Considerations for organization development)

c. Strategy

(to be filled with strategies for the realization of the organization development plan)

2. Human Resources Development Plan

a. Description of Human Resources Development Plan

(to be filled with an explanation regarding the plan for employee recruitment, appointment, and dismissal, the use of consultants and/or advisors, and the use of contract employees of the Infrastructure Financing Company)

b. Reasons and Considerations for human resources development)

c. Strategy

(to be filled with strategies for the realization of the human resources development plan)

3. Human Resources Education and Training Plan

a. Human Resources Education and Training Plan Table

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

Note:

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

b. Reasons and Considerations

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

c. Strategy

(to be filled with strategies for the realization of the human resources education and training plan)

4. Foreign Workforce Utilization Plan

a. Foreign Workforce Utilization Plan Table

No	Name of Foreign Workforce (if any)/Number of Foreign Workforce	Country of Origin of Foreign Workforce	Position/Job Title	Field of Work Assignment	Duration of Assignment	Name of Companion Workforce	Planned Knowledge Transfer Program	Reasons 1)
1.
2.
3.
...

Note:

1. filled with the reasons for utilizing foreign workforce and the reasons why Indonesian workforce is not/has not yet been used.

b. Reasons and Considerations
(for foreign workforce usage)
c. Strategy
(to be filled with the strategy for realizing the foreign workforce usage plan)

5. Information Technology Development Plan
   a. Description of the Information Technology Development Plan (to be filled with plans for the development and procurement of fundamental information technology, including: significant changes to information technology configuration or core applications, procurement of new core applications, cooperation with information technology service providers, and development and procurement of other fundamental information technology that can add and/or increase the risk of the Infrastructure Financing Company. Additionally, information regarding the estimated cost of information technology development must be included) b. Reasons and Considerations (for the development and procurement of information technology)

c. Strategy
(to be filled with the strategy for realizing the information technology development and procurement plan)

Format 10: Financial Report Projections Along with Assumptions Used

1. Macro and Micro Assumptions Used
   Assumptions
   Actual
   Sept X-1
   Projection
   Dec X-1 Jun X Dec X
   Macro Assumptions 1):
2. Gross Domestic Product Growth (%)
3. Exchange Rate
4. Inflation Rate (%)
5. Others, detailed by type of assumption 2)
   Micro Assumptions:
6. Loan/Financing Growth (%)
7. Funding Growth (%)
8. Interest Rate/Funding Yield (%)
9. Interest Rate/Loan/Financing Yield (%)
10. Ratio of Problematic Loan/Financing Receivables (%)
11. Others, detailed by type of assumption 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 may be used, accompanied by an explanation of the institutional source serving 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 Infrastructure Financing Company's share of the industry.

2. Information Regarding the Financial Condition of the Infrastructure Financing Company
   a. Projection of the Infrastructure Financing Company's Balance Sheet Items 1) Actual Sep X-1 Projection Dec X-1 Jun X Dec X A. ASSETS
3. Cash
4. Placements in Banks
5. Securities Held
6. Accrued Income
7. Loans Given
   a. Direct Loans b. Refinancing
   c. Subordinated Loans
   d. Others
8. Equity Investments
9. Asset Impairment Loss Reserves
   a. Placements in Banks b. Securities Held
   c. Loans Given
   d. Others
10. Intangible Assets
11. Accumulated Amortization of Intangible Assets
12. Fixed Assets
13. Accumulated Depreciation of Fixed Assets
14. Deferred Tax Assets
15. Other Assets
    Total Assets
    B. LIABILITIES
16. Accrued Expenses
17. Tax Payables
18. Deferred Revenue
19. Other Current Liabilities
20. Securities Issued
21. Loans Received
    a. Government of the Republic of Indonesia b. Foreign Governments
    c. Multilateral Institutions
    d. Banks/Financial Institutions

1. Domestic
2. Foreign

7. Post-Employment Benefits
8. Deferred Tax Liabilities
9. Other Liabilities
   Total Liabilities
   C. EQUITY
10. Capital
    a. Paid-up Capital b. Share Premium
    c. Share Discount
11. Reserves
    a. General Reserves b. Specific Reserves
    c. Other Reserves
12. Grants
13. Retained Earnings (Deficit)
    a. Profit b. Loss
14. Current Period Profit (Loss)
    a. Profit b. Loss
15. Other Comprehensive Income
    a. Gains b. Losses
    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. The method for calculating balance sheet items refers to the Capital Market and Financial Institutions Authority Circular regarding monthly reports of Infrastructure Financing Companies.

b. Projection of the UUS (Sharia Business Unit) Balance Sheet Items 1) Actual Sep X-1 Projection Dec X-1 Jun X Dec X A. ASSETS

1. Cash
2. Placements in Banks
3. Sharia Securities Held
4. Accrued Income
5. Financing Given
   a. Direct Financing b. Refinancing
   c. Subordinated Financing
   d. Others
6. Equity Investments
7. Asset Impairment Loss Reserves
   a. Placements in Banks b. Sharia Securities Held
   c. Financing Given
   d. Others
8. Intangible Assets
9. Accumulated Amortization of Intangible Assets
10. Fixed Assets
11. Accumulated Depreciation of Fixed Assets
12. Deferred Tax Assets
13. Other Assets
    Total Assets
    B. LIABILITIES
14. Accrued Expenses
15. Tax Payables
16. Deferred Revenue
17. Other Current Liabilities
18. Sharia Securities Issued
19. Funding Received
    a. Government of the Republic of Indonesia b. Foreign Governments
    c. Multilateral Institutions
    d. Banks/Financial Institutions

1. Domestic
2. Foreign

7. Post-Employment Benefits

8. Deferred Tax Liabilities

9. Other Liabilities
   Total Liabilities
   C. EQUITY

10. Capital
    a. Paid-up Capital b. Share Premium
    c. Share Discount

11. Reserves
    a. General Reserves b. Specific Reserves
    c. Other Reserves

12. Grants

13. Retained Earnings (Deficit)
    a. Profit b. Loss

14. Current Period Profit (Loss)
    a. Profit b. Loss

15. Other Comprehensive Income
    a. Gains b. Losses
    Total Equity
    Total Liabilities and Equity

16. Projection of Comprehensive Income Statement
    a. Projection of the Infrastructure Financing Company's Comprehensive Income Statement Items 1) Actual Sep X-1 Projection Dec X-1 Jun X Dec X A. OPERATING INCOME AND EXPENSES

17. Operating Income
    a. Interest, Provision, and Fee Income

1. Direct Loans
2. Refinancing
3. Subordinated Loans
4. Others
   b. Consulting Service Income
   c. Dividend Income
   d. Investment Interest Income e. Fair Value Increase of Financial Assets f. Fair Value Decrease of Financial Liabilities g. Gains on Sale of Financial Assets h. Gains from Equity Investments
   i. Other Operating Income
   Total Operating Income

2. Operating Expenses
   a. Loan Interest, Provision, and Fee Expenses

1. Loan Interest Expenses
2. Provision and Fee Expenses
   b. Fair Value Decrease of Financial Assets
   c. Fair Value Increase of Financial Liabilities
   d. Losses on Sale of Financial Assets e. Losses from Equity Investments f. Financial Asset Impairment Expenses
3. Placements in Banks
4. Securities Held
5. Loans Given
6. Others
   g. Salary and Allowance Expenses h. Business Development Expenses
   i. Depreciation and Amortization Expenses
   j. General and Administrative Expenses k. Other Operating Expenses Total Operating Expenses B. OPERATING PROFIT/LOSS

1. Operating Profit
2. Operating Loss
   C. NON-OPERATING INCOME AND EXPENSES
3. Non-Operating Income
4. Non-Operating Expenses
   D. PROFIT/LOSS BEFORE INCOME TAX
5. Profit Before Income Tax
6. Loss Before Income Tax
   E. INCOME TAX
7. Estimated Income Tax -/-
8. Deferred Tax
   a. Deferred Tax Expense -/- b. Deferred Tax Income F. NET PROFIT/LOSS
9. Net Profit
10. Net Loss
    Notes:
    X-1 is the year of report preparation.
    X is the year of the Business Plan position.

1. The method for calculating comprehensive income statement items refers to the Capital Market and Financial Institutions Authority Circular regarding monthly reports of Infrastructure Financing Companies.

b. Projection of the UUS Comprehensive Income Statement Items 1) Actual Sep X-1 Projection Dec X-1 Jun X Dec X A. OPERATING INCOME AND EXPENSES

1. Operating Income
   a. Return/Service Fee and Provision Income

1. Direct Financing
2. Refinancing
3. Subordinated Financing
4. Others
   b. Consulting Service Income
   c. Dividend Income
   d. Investment Income e. Fair Value Increase of Financial Assets f. Fair Value Decrease of Financial Liabilities g. Gains on Sale of Financial Assets h. Gains from Equity Investments
   i. Other Operating Income
   Total Operating Income

2. Operating Expenses
   a. Return/Service Fee, Funding, and Provision Expenses

1. Return/Service Fee Funding
2. Provision Expenses
   b. Fair Value Decrease of Financial Assets
   c. Fair Value Increase of Financial Liabilities
   d. Losses on Sale of Financial Assets e. Losses from Equity Investments f. Financial Asset Impairment Expenses
3. Placements in Banks
4. Sharia Securities Held
5. Financing
6. Others
   g. Salary and Allowance Expenses h. Business Development Expenses
   i. Depreciation and Amortization Expenses
   j. General and Administrative Expenses k. Other Operating Expenses Total Operating Expenses B. OPERATING PROFIT/LOSS

1. Operating Profit
2. Operating Loss
   C. NON-OPERATING INCOME AND EXPENSES
3. Non-Operating Income
4. Non-Operating Expenses
   D. PROFIT/LOSS BEFORE INCOME TAX
5. Profit Before Income Tax
6. Loss Before Income Tax
   E. INCOME TAX
7. Estimated Income Tax -/-
8. Deferred Tax
   a. Deferred Tax Expense -/- b. Deferred Tax Income F. NET PROFIT/LOSS
9. Net Profit
10. Net Loss
    Notes:
    X-1 is the year of report preparation.
    X is the year of the Business Plan position.

1. The method for calculating comprehensive income statement items refers to the Capital Market and Financial Institutions Authority Circular regarding monthly reports of Infrastructure Financing Companies.

4. Projection of Cash Flow Statement
   a. Projection of the Infrastructure Financing Company's Cash Flow Statement Items 1) Actual Sep X-1 Projection Dec X-1 Jun X Dec X A. Net Cash Flow from Operating Activities
5. Cash Receipts from Operating Activities
   a. Receipts of Interest on Loans Given b. Receipts of Principal on Loans Given
   c. Receipts of Fees
   d. Receipts of Dividends e. Receipts from Other Operating Activities
6. Cash Disbursements for Operating Activities
   a. Disbursement of Loans Given b. Payment of Business Costs
   c. Payment for Other Operational Activities
   d. Restricted Cash and Cash Equivalents
   B. Net Cash Flow from Investing Activities
7. Cash Receipts from Investing Activities
   a. Receipts of Interest from Investing Activities b. Receipts from Sale of Securities
   c. Receipts from Sale of Fixed Assets
   d. Receipts from Disposal of Equity Investments e. Other Receipts from Investing Activities
8. Cash Disbursements for Investing Activities
   a. Payment for Acquisition of Securities b. Payment for Purchase of Fixed Assets
   c. Payment for Equity Investments
   d. Other Payments for Investing Activities
   C. Net Cash Flow from Financing Activities
9. Cash Receipts from Financing Activities
   a. Receipts from Capital Deposits b. Receipts from Issuance of Securities
   c. Receipts from Loans
   d. Receipts from Grants e. Other Receipts from Financing Activities
10. Cash Disbursements for Financing Activities
    a. Payment of Loan Principal b. Payment of Loan Interest
    c. Payment of Dividends
    d. Payment for Withdrawal of Shares and Bonds e. Other Payments for Financing Activities D. Net Increase (Decrease) in Cash and Cash Equivalents E. Effect of Exchange Rate Changes F. Cash and Cash Equivalents at Beginning of Period Rupiah to Foreign Currency Conversion G. Cash and Cash Equivalents at End of Period Notes:
    X-1 is the year of report preparation.
    X is the year of the Business Plan position.

1. The method for calculating cash flow statement items refers to the Capital Market and Financial Institutions Authority Circular regarding monthly reports of Infrastructure Financing Companies.

b. Projection of the UUS Cash Flow Statement
Items 1)
Actual
Sep X-1
Projection
Dec X-1
Jun X
Dec X
A. Net Cash Flow from Operating Activities

1. Cash Receipts from Operating Activities
   a. Receipts of Profit Share/Return/Service Fee on Financing Given b. Receipts of Principal on Financing Given
   c. Receipts of Fees
   d. Receipts of Dividends e. Receipts from Other Operating Activities
2. Cash Disbursements for Operating Activities
   a. Disbursement of Financing Given b. Payment of Business Costs
   c. Payment for Other Operational Activities
   d. Restricted Cash and Cash Equivalents
   B. Net Cash Flow from Investing Activities
3. Cash Receipts from Investing Activities
   a. Receipts of Profit Share from Investing Activities b. Receipts from Sale of Securities
   c. Receipts from Sale of Fixed Assets
   d. Receipts from Disposal of Equity Investments e. Other Receipts from Investing Activities
4. Cash Disbursements for Investing Activities
   a. Payment for Acquisition of Securities b. Payment for Purchase of Fixed Assets
   c. Payment for Equity Investments
   d. Other Payments for Investing Activities
   C. Net Cash Flow from Financing Activities
5. Cash Receipts from Financing Activities
   a. Receipts from Capital Deposits b. Receipts from Issuance of Sharia Securities
   c. Receipts of Funds from Cooperation
   d. Receipts from Grants e. Other Receipts from Financing Activities
6. Cash Disbursements for Financing Activities
   a. Payment for Fund Repayment b. Payment of Funding Returns
   c. Payment of Dividends
   d. Payment of Sukuk Financing e. Other Sharia Financing Payments D. Net Increase (Decrease) in Cash and Cash Equivalents E. Effect of Exchange Rate Changes F. Cash and Cash Equivalents at Beginning of Period Rupiah to Foreign Currency Conversion G. Cash and Cash Equivalents at End of Period Notes:
   X-1 is the year of report preparation.
   X is the year of the Business Plan position.

1. The method for calculating cash flow statement items refers to the Capital Market and Financial Institutions Authority Circular regarding monthly reports of Infrastructure Financing Companies.

5. Projection of Administrative Accounts
   a. Projection Table of Administrative Accounts for Infrastructure Financing Companies Items 1) Actual Sept X-1 Projection Dec X-1 Jun X Dec X A. Commitment Receivables
6. Loan Facilities Received and Undrawn
7. Others
   Total Commitment Receivables
   B. Commitment Liabilities
8. Loan Facilities Given and Undrawn
9. Others
   Total Commitment Liabilities
   Total Net Commitments
   C. Contingent Receivables
   Total Contingent Receivables
   D. Contingent Liabilities
   Total Contingent Liabilities
   Total Net Contingencies
   Total
   Notes:
   X-1 is the year of report preparation.
   X is the year of the Business Plan position.

1. The method for calculating administrative account items refers to the Capital Market and Financial Institutions Authority Circular regarding Monthly Reports of Infrastructure Financing Companies.

b. Projection Table of Administrative Accounts for UUS Items 1) Actual Sept X-1 Projection Dec X-1 Jun X Dec X A. Commitment Receivables

1. Funding Facilities Received and Undrawn
2. Others
   B. Commitment Liabilities
3. Financing Facilities Given and Undrawn
4. Others
   Total Commitment Liabilities
   Total Net Commitments
   C. Contingent Receivables
   Total Contingent Receivables
   D. Contingent Liabilities
   Total Contingent Liabilities
   Total Net Contingencies
   Total
   Notes:
   X-1 is the year of report preparation.
   X is the year of the Business Plan position.

1. The method for calculating administrative account items refers to the Capital Market and Financial Institutions Authority Circular regarding Monthly Reports of Infrastructure Financing Companies.

Format 11: Projection of Ratios and Specific Items

1. Projection of Ratios and Specific Items for Infrastructure Financing Companies
   Ratios and Specific Items 1)
   Actual
   Sept X-1
   Projection
   Dec X-1
   Jun X
   Dec X
2. Total Loans compared to Total Equity and Subordinated Loans (Gearing Ratio)
3. Ratio of Net Outstanding Financing Receivables to Total Assets (Financing to Asset Ratio) (%)
4. Ratio of Net Outstanding Financing Receivables to Total Funding Received (%)
5. Gross NPF (%)
6. Net NPF (%)
7. Return on Asset (%)
8. Return on Equity (%)
9. Operating Expenses to Operating Income (%)
10. Net Interest Margin (%)
11. Current Ratio (%)
12. Cash Ratio (%)
    Notes:
    X-1 is the year of report preparation.
    X is the year of the Business Plan position.

1. The method for calculating ratios and specific items refers to the Capital Market and Financial Institutions Authority Circular regarding Monthly Reports of Infrastructure Financing Companies.

2. Projection of Ratios and Specific Items for UUS
   Ratios and Specific Items 1)
   Actual
   Sept X-1
   Projection
   Dec X-1
   Jun X
   Dec X
3. Total Financing compared to Total Equity and Subordinated Financing
4. Ratio of Net Outstanding Financing Receivables to Total Assets (Financing to Asset Ratio) (%)
5. Ratio of Net Outstanding Financing Receivables to Total Funding Received (%)
6. Gross NPF (%)
7. Net NPF (%)
8. Return on Asset (%)
9. Return on Equity (%)
10. Operating Expenses to Operating Income (%)
11. Net Interest Margin (%)
12. Current Ratio (%)
13. Cash Ratio (%)
    Notes:
    X-1 is the year of report preparation.
    X is the year of the Business Plan position.

1. The method for calculating ratios and specific items refers to the Capital Market and Financial Institutions Authority Circular regarding Monthly Reports of Infrastructure Financing Companies.

Format 12: Direct Participation Plan

1. Details of Direct Participation Plan
   Name of Subsidiary Company
   Actual
   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.

Format 13: Plan to Cease Business Activities So as No Longer to Be an Infrastructure Financing Company

1. Explanation
   (to be filled with an explanation regarding the plan to cease business activities so as no longer to be an Infrastructure Financing Company, including the reasons for ceasing business activities so as no longer to be an Infrastructure Financing Company)
2. Reasons and Considerations
   (to be filled with the reasons/considerations for ceasing business activities so as no longer to be an Infrastructure Financing Company)
3. Strategy
   (to be filled with the strategy for ceasing business activities so as no longer to be an Infrastructure Financing Company)

Format 14: Business Plan Realization Report a. Filled with an explanation regarding the achievement of the Business Plan, including the achievement of the Business Plan and a comparison of the plan and its realization, which at least includes:

1. realization of business activities as referred to in Format 4;
2. realization of business development or expansion plans as referred to in Format 5;
3. realization of funding plans as referred to in Format 7;
4. realization of organizational, human resource, and/or information technology development plans as referred to in Format 9; and
5. realization of financial report projections along with assumptions used as referred to in Format 10.
   b. Filled with an 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 undertaken to improve the achievement of Business Plan realization.
   d. Filled with financial ratios and specific items including an explanation regarding the realization of financial ratios and specific items as referred to in Format 11. e. Filled with an explanation regarding the achievement of other information in the Business Plan and a comparison of the plan and its realization, which at least includes:
6. realization of capital plans as referred to in Format 6;
7. realization of network/office or distribution channel development and/or changes as referred to in Format 8;
8. realization of direct participation plans as referred to in Format 12; and
9. realization of plans to cease business activities so as no longer to be an Infrastructure Financing Company as referred to in Format 13.
   Known by:
   Board of Directors: (signature and full name)
   Board of Directors: (signature and full name) and so on... and so on...

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

Format 15: Business Plan Supervision Report
(to be filled with the Board of Commissioners' assessment of the implementation of the Business Plan, consisting of quantitative and qualitative assessments of the Business Plan realization, assessments of good corporate governance factors, risk profiles, profitability, and capitalization, as well as efforts to improve the performance of the Infrastructure Financing Company, if according to their assessment there is a decline in the performance of the Infrastructure Financing Company) Approved by:
Board of Commissioners: (signature and full name) Board of Commissioners: (signature and full name) and so on... and so on...

Established in Jakarta on August 27, 2020
EXECUTIVE HEAD OF SUPERVISOR
OF INSURANCE, PENSION FUNDS,
FINANCING INSTITUTIONS, AND
OTHER FINANCIAL SERVICES INSTITUTIONS
CAPITAL MARKET AND FINANCIAL INSTITUTIONS AUTHORITY REPUBLIC OF INDONESIA, signed RISWINANDI