Financial Services Authority Circular No. 5/SEOJK.05/2013 Regarding Monthly Pension Fund Reports

To:
Pension Funds
At Your Location

COPY
FINANCIAL SERVICES AUTHORITY CIRCULAR NUMBER 5/SEOJK.05/2013 REGARDING MONTHLY PENSION FUND REPORTS

In connection with the Financial Services Authority Regulation Number 3/POJK.05/2013 dated September 12, 2013 regarding Monthly Reports of Non-Bank Financial Institutions (State Gazette of the Republic of Indonesia Year 2013 Number 150, Supplement to the State Gazette of the Republic of Indonesia Number 5443), it is necessary to regulate implementation provisions regarding monthly reports for Pension Funds in this Financial Services Authority Circular as follows:

I. GENERAL PROVISIONS

1. The Financial Services Authority, hereinafter abbreviated as OJK, is an independent institution free from the interference of other parties, which has the functions, duties, and authorities for regulation, supervision, examination, and investigation, as referred to in Law Number 21 of 2011 concerning the Financial Services Authority.

2. Monthly Report is a financial report prepared by non-bank financial institutions for the benefit of OJK, which covers the period from the 1st to the end of the current month and is submitted according to the format and procedures determined by OJK.

II. FORM AND STRUCTURE OF MONTHLY REPORTS

The form, structure, and guidelines for preparing Monthly Reports for Pension Funds are as stated in the Appendix which is an integral part of this OJK Circular.

III. TIME SUBMISSION OF MONTHLY REPORTS

1. Pension Funds are required to submit Monthly Reports to OJK no later than the 10th of the following month.

2. In the event that the 10th date as referred to in paragraph 1 falls on a holiday, the Monthly Report must be submitted on the next business day.

IV. SUBMISSION PROCEDURES

1. Submission of Monthly Reports is conducted online through the OJK data communication network system.

2. In the event that the OJK data communication network system is not yet available, Monthly Reports are submitted online via the official email of the Pension Fund by attaching a softcopy of the Monthly Report in spreadsheet format to LB.DanaPensiun@ojk.go.id.

3. In the event that Monthly Reports are submitted offline, submission is conducted via a letter signed by the management or the executor of the management's duties and addressed to:
   Financial Services Authority u.p. Director of Pension Fund Supervision Sumitro Djojohadikusumo Building, 15th Floor Jl. Lapangan Banteng Timur Number 2-4 Jakarta 10710

4. Submission of Monthly Reports offline as referred to in paragraph 3 may be conducted in one of the following ways:
   a. handed in directly to the OJK office; b. sent via registered post office; or
   c. sent via a delivery/courier service company.

5. Pension Funds are deemed to have submitted Monthly Reports with the following provisions:
   a. for submission online via email, evidenced by an email receipt from OJK, b. for offline submission, evidenced by:

1. a receipt letter from OJK, if the report is handed in directly to the OJK office; or
2. a delivery receipt from the post office or delivery/courier service company, if the report is sent via the post office or delivery/courier service company.

6. In the event of changes to the OJK email address as referred to in paragraph 2 and/or changes to the OJK office address as referred to in paragraph 3, OJK will communicate the address changes via letter or announcement.

V. SANCTION PROVISIONS

1. OJK imposes administrative sanctions in the form of a first written warning as regulated in Article 6 paragraph (3) of OJK Regulation Number 3/POJK.05/2013 regarding Monthly Reports of Non-Bank Financial Institutions, with a compliance period for submitting Monthly Reports of no longer than 30 (thirty) days from the determination of the administrative sanction in the form of the first written warning.

2. If within the period as referred to in paragraph 1 the obligation to submit Monthly Reports has not been fulfilled, OJK imposes administrative sanctions in the form of a second written warning as regulated in Article 6 paragraph (4) of OJK Regulation Number 3/POJK.05/2013 regarding Monthly Reports of Non-Bank Financial Institutions, with a compliance period for submitting Monthly Reports of no longer than 30 (thirty) days from the determination of the administrative sanction in the form of the second written warning.

3. If within the period as referred to in paragraph 2 the obligation to submit Monthly Reports has not been fulfilled, OJK imposes administrative sanctions in the form of a third written warning as regulated in Article 6 paragraph (4) of OJK Regulation Number 3/POJK.05/2013 regarding Monthly Reports of Non-Bank Financial Institutions, with a compliance period for submitting Monthly Reports of no longer than 30 (thirty) days from the determination of the administrative sanction in the form of the third written warning.

VI. TRANSITIONAL PROVISIONS

1. Pension Funds are required to submit Monthly Reports to OJK for the reporting period of September 2013 through the reporting period of August 2014 no later than the 20th of the following month.

2. In the event that the 20th date of the following month as referred to in paragraph 1 falls on a holiday, the Monthly Report must be submitted on the next business day.

VII. CLOSING

This OJK Circular takes effect on the date of determination.

To ensure everyone knows, it is ordered that this Circular be announced by placing it in the State Gazette of the Republic of Indonesia.

Determined in Jakarta on November 25, 2013 EXECUTIVE HEAD OF SUPERVISOR OF NON-BANK FINANCIAL INSTITUTIONS FINANCIAL SERVICES AUTHORITY, Signed, FIRDAUS DJAELANI

Copy matches the original
Head of Legal Assistance Division
Legal Directorate
Signed,
Mufli Asmawidjaja

APPENDIX
FINANCIAL SERVICES AUTHORITY CIRCULAR NUMBER 5/SEOJK.05/2013 REGARDING MONTHLY PENSION FUND REPORTS

GUIDELINES FOR PREPARATION AND PRESENTATION OF MONTHLY PENSION FUND REPORTS

I. Monthly Pension Fund Reports include:
a. monthly financial reports; and b. asset and liability matching analysis reports.

II. Guidelines for Preparing Monthly Financial Reports

1. Monthly financial reports must be prepared according to the type of Pension Fund and the characteristics of each Pension Fund's pension program, namely:
   a. DPPK PPMP; b. DPPK PPIP; or
   c. DPLK.

2. Monthly financial reports are prepared monthly. Monthly financial reports cover the period from the 1st to the end of the respective month.

3. Monthly financial reports consist of:
   a. Net Asset Report b. Net Asset Change Report
   c. Balance Sheet (Financial Position Report)
   d. Income Statement e. Cash Flow Statement

4. Monthly financial reports are presented without accompanying notes to the financial statements.

5. Monthly financial reports must be prepared in accordance with legislation in the field of Pension Funds.

6. Monthly financial reports do not need to be audited by a public accountant.

7. Monthly financial reports must be presented comparatively with the previous month's period, except for the first-time reporting. Monthly reports for the first time are presented for only one period (no need for comparison with the previous month).
   Presentation for the balance sheet and net asset report is presented by comparing the ending balance of the current month with the ending balance of the previous month. Presentation for the net asset change report, income statement, and cash flow statement is presented by comparing the accumulation up to the current month's balance with the accumulation up to the previous month's balance. Presentation of the asset and liability matching report is presented only for the current month without comparison with the previous month.

8. For PPMP, the presentation of the monthly Actuarial Present Value (APV) in the balance sheet is calculated as follows:

• The monthly Actuarial Present Value (APV) is projected proportionally based on the APV presented in the latest actuarial report.
• APV Beginning + {[(APV Ending – APV Beginning)/n] x number of months passed}, where n is the number of months between the beginning APV and the ending APV in the actuarial report.
• APV Beginning and APV Ending are the APV or projected APV based on the latest Actuarial Report.
  Example:
  APV Beginning (December 31, 2012) = Rp100,000 APV Ending (June 30, 2013) = Rp148,000 where n is 6 months, then:
  APV Ending January =
  Rp100,000+{[(Rp148,000 – Rp100,000)/6] x 1} = Rp104,000 APV Ending March = Rp100,000+{[(Rp148,000 – Rp100,000)/6] x 3} = Rp112,000

9. For PPIP, the presentation of the monthly Pension Benefit Liability (PBL) in the balance sheet is calculated as follows:

• The Pension Benefit Liability (PBL) ending balance is obtained:
• PBL beginning balance + PBL Additions during the reporting month – PBL Deductions during the reporting month; where:
  PBL Additions are:
  ∑ Employer contributions
  ∑ Participant contributions
  ∑ Investment income
  ∑ Transfers of funds from other Pension Funds PBL Deductions are:
  ∑ Transfers of funds to other Pension Funds ∑ Pension Benefit payments ∑ Contribution withdrawals (specifically for DPLK)

III. Guidelines for Preparing Asset and Liability Matching Analysis Reports

Asset Group

1. The asset value presented is the value for the position as of the last date of the reporting period.

2. Assets are presented based on fair value, the value presented in the pension fund's net asset report.

3. Assets are grouped based on:
   a. maturity period; and b. currency type.
   The asset maturity period is grouped into:
   a. less than 1 (one) year; b. 1 (one) year to less than 5 (five) years;
   c. 5 (five) years to less than 10 (ten) years;
   d. Equal to or more than 10 (ten) years calculated as of the reporting date.

4. Maturity period grouping for investment assets is:
   Investment Asset Type Grouping Basis Savings Grouped into maturity less than 1 year Government Securities, On-Call Deposits, Grouped according to the maturity of the securities. Long-Term Deposits, Certificates of Deposit and Bank of Indonesia Certificates Investment Asset Type Grouping Basis Stocks, Bonds, Sukuk, Mutual Funds and Stock Option Contracts Grouped according to the intent and purpose of ownership (intention) of the securities, namely:

• Trading purpose is grouped into maturity less than 1 year.
• Non-trading purpose is grouped according to its maturity.
  Direct placement in stocks
  Grouped into maturity equal to or more than 10 (ten) years, except if there is a plan to dispose of the investment within a certain time. Land, Buildings, Land and Buildings Grouped into maturity equal to or more than 10 (ten) years, except if there is a plan to dispose of the asset within a certain time. Example:
• For the June 2013 report submitted as of June 30, 2013,
  bonds maturing on May 15, 2014 are grouped into investments with maturity equal to or less than 1 (one) year, while bonds maturing on July 15, 2015 are grouped into investments with maturity 1 (one) year to less than 5 (five) years.
• Investments in stocks traded on the stock exchange are grouped into assets with maturity less than 1 (one) year if intended for trading.

5. Maturity period grouping for current assets other than investments is the date when the asset is likely to be liquidated into cash.
   Example:
   Other receivables estimated to be paid 2 (two) years after the reporting date are grouped into assets with maturity 1 (one) year to less than 5 (five) years.

6. Maturity period grouping for operational assets is adjusted to the economic life of the asset, except land and buildings as operational assets are grouped into maturity equal to or more than 10 (ten) years, except if there is a plan to dispose of the asset within a certain time.

7. Maturity period grouping for other assets is the date when the asset is likely to be liquidated into cash. Other assets are assets that are legally problematic or assets that have experienced financial failure.

Liability Group

8. The liability value presented is the value for the position as of the last date of the reporting period.

9. Liabilities are grouped based on:
   a. maturity period; and b. currency type.
   The liability maturity period is grouped into:
   a. less than 1 (one) year; b. 1 (one) year to less than 5 (five) years;
   c. 5 (five) years to less than 10 (ten) years;
   d. Equal to or more than 10 (ten) years calculated as of the reporting date.

10. Actuarial Present Value (for PPMP) presented in the Asset and Liability Matching Analysis Report is sourced from the latest actuarial valuation report. The actuarial report used is the same as the actuarial report intended to present the actuarial present value in the financial position report.
    The latest actuarial report must have presented the actuarial present value as of the financial position reporting date. In the event that the actuarial valuation date differs from the financial position reporting date, the actuarial present value amount in the financial position report must be presented as the projected actuarial liability amount as of the reporting date contained in the latest actuarial report. The latest actuarial report must also contain projected actuarial liabilities (Projected APV) according to its maturity, namely APV with maturity < 1 year, APV with maturity ≥ 1 year but < 5 years, APV with maturity ≥ 5 years but < 10 years, and APV with maturity ≥ 10 years. Presentation of monthly actuarial present value in the Asset and Liability Matching Analysis Report is calculated as follows:

• Monthly Actuarial Present Value (APV) is calculated proportionally based on the APV or Projected APV presented in the latest actuarial report.
• APV Beginning + {[(APV Ending – APV Beginning)/n] x number of months passed}, where n is the number of months between the beginning APV and the ending APV in the actuarial report.
• APV Beginning and APV Ending are the APV or Projected APV based on the latest Actuarial Report
  Example:
  APV Beginning (December 31, 2012) = Rp100,000 APV Ending (June 30, 2013) = Rp148,000 where n is 6 months, then:
  APV Ending January =
  Rp100,000+{[(Rp148,000 – Rp100,000)/6] x 1} = Rp104,000 APV Ending March = Rp100,000+{[(Rp148,000 – Rp100,000)/6] x 3} = Rp112,000

11. Pension Benefit Liability (for PPIP) is the accumulated value of contributions and development results as of the reporting date.

12. Liabilities other than Actuarial Present Value (PPMP)/Liabilities other than Pension Benefit (PPIP) are presented according to the value presented in the pension fund's net asset report.

13. Pension benefit payables are the value of pension benefit payables that have matured, but as of the reporting date have not yet been paid.

14. Maturity period grouping for Actuarial Present Value (for PPMP) is:
    Liability Group Presentation Basis APV APV with maturity < 1 year Presented as the monthly actuarial present value projected proportionally based on the actuarial present value in the group with maturity < 1 year in the latest actuarial report. APV with maturity ≥ 1 year but < 5 years Presented as the monthly actuarial present value projected proportionally based on the actuarial present value in the group with maturity ≥ 1 year but < 5 years in the latest actuarial report. APV with maturity ≥ 5 years but < 10 years Presented as the monthly actuarial present value projected proportionally based on the actuarial present value in the group with maturity ≥ 5 years but < 10 years in the latest actuarial report. APV with maturity ≥ 10 years Presented as the monthly actuarial present value projected proportionally based on the actuarial present value in the group with maturity ≥ 10 years in the latest actuarial report.

15. Maturity period grouping for Pension Benefit Liability (for PPIP) is:
    Liability Group Presentation Basis PBL PBL with maturity < 1 year Presented as the accumulated value of contributions and development results as of the reporting date to be paid within a period of less than 1 year. PBL with maturity ≥ 1 year but < 5 years Presented as the accumulated value of contributions and development results as of the reporting date to be paid within a period of more than or equal to 1 year but less than 5 years. Liability Group Presentation Basis PBL PBL APV with maturity ≥ 5 years but < 10 years Presented as the accumulated value of contributions and development results as of the reporting date to be paid within a period of more than or equal to 5 years but less than 10 years. PBL with maturity ≥ 10 years Presented as the accumulated value of contributions and development results as of the reporting date to be paid within a period of more than 10 years.

16. Currency type of assets and liabilities is grouped into:
    a. rupiah; or b. non-rupiah; which are still presented in rupiah currency.

17. Asset and liability values in foreign currency are presented in Rupiah using the closing exchange rate established by Bank Indonesia on the reporting date.
    Example:
    If as of the reporting date the pension fund has a deposit in dollars amounting to US$100,000 and the exchange rate at the reporting date is 1 US$ = Rp9,200.00, then reported in the non-rupiah asset group is Rp920,000.00.

18. The percentage column (%) for the fund adequacy ratio is presented or filled with the following provisions:

• Only filled for Pension Funds that have a PPMP program.
• The fund adequacy ratio is filled according to the column provided in the format, namely in the maturity < 1 year column.
• The monthly fund adequacy ratio percentage is obtained based on calculations by an independent actuary or internal calculations of the Pension Fund.
• The monthly fund adequacy ratio percentage is obtained by the formula:
  Monthly Funding Wealth
  Actuarial Present Value Monthly o Funding Wealth is calculated from Net Assets minus:
  a. Assets in court disputes, or controlled or seized by competent authorities; b. Contributions, whether partial or full, which as of the actuarial calculation date have not been deposited into the Pension Fund for more than 3 (three) months since the due date;
  c. Assets placed abroad;
  d. Types of assets categorized as other receivables and other assets; e. Excess value of investments from limits per party as established in the Minister of Finance Decision regarding Pension Fund Investments; and/or f. Excess value of investments from limits per type for land, buildings, land and buildings as established in the Minister of Finance Decision Normal 511/KMK.06/2002 regarding Pension Fund Investments. o Monthly Actuarial Present Value is calculated as in point or paragraph 10 above.

To:
Financial Services Authority u.p. Director of Pension Fund Supervision Sumitro Djojohadikusumo Building, 15th Floor Jl. Lapangan Banteng Timur 1 - 4 Jakarta - 10710

MONTHLY REPORT
Pension Fund
Month... Year…

Year … Year …
Current Month Previous Month
(2) (3)
XX

• XX XX
• XX XX
• XX XX
• XX
  (XX) (XX)
  XX XX
  INVESTMENT VALUATION DIFFERENCE XX XX CURRENT ASSETS OTHER THAN INVESTMENTS XX XX
• XX XX
• XX XX
• XX
  (XX) (XX)
  XX
  ACTUARIAL PRESENT VALUE DIFFERENCE XX XX LIABILITIES OTHER THAN ACTUARIAL PRESENT VALUE XX TOTAL LIABILITIES XX XX TOTAL LIABILITIES OTHER THAN ACTUARIAL PRESENT VALUE Normal Participant Contributions Additional Contributions OTHER ASSETS TOTAL CURRENT ASSETS OTHER THAN INVESTMENTS Vehicles Office Equipment Land and Buildings Prepaid Expenses Stocks Bonds Cash and Banks Land Buildings Land and Buildings TOTAL ASSETS LIABILITIES ACTUARIAL PRESENT VALUE Investment Receivables Other Receivables Accumulated Depreciation TOTAL OPERATIONAL ASSETS Other Operational Assets Computer Equipment Investment Income Receivables Normal Employer Contributions TOTAL INVESTMENTS OPERATIONAL ASSETS EMPLOYER PENSION FUND ………………….. PENSION PROGRAM DEFINED BENEFIT FINANCIAL POSITION REPORT As of ……. Late Contribution Interest Receivables ASSETS INVESTMENTS (Historical Value) Government Securities Savings On-Call Deposits Sukuk Accumulated Building Depreciation Collateralized Asset Effects from Collective Investment Contracts Collateralized Asset Long-Term Deposits Certificates of Deposit Bank of Indonesia Certificates Contribution Receivables Mutual Fund Participation Units:
  Money Market Mutual Funds, Fixed Income Mutual Funds, Equity Mutual Funds, and Mixed Mutual Funds Protected Mutual Funds, Guaranteed Mutual Funds and Index Mutual Funds Mutual Funds in the form of Limited Partnership Collective Investment Contracts Mutual Funds whose Participation Units are Traded on the Stock Exchange Direct Placement Income Received in Advance Expenses Still to be Paid Other Liabilities Pension Benefit Payables Matured Investment Payables Description (1) Participation Units of Real Estate Investment Funds in the form of Collective Investment Contracts Stock Option Contracts

Year … Year …
Current Month Previous Month
(2) (3)
XX

• XX XX
• XX XX
• XX XX
• XX
  (XX) (XX)
  XX XX
  INVESTMENT VALUATION DIFFERENCE XX XX CURRENT ASSETS OTHER THAN INVESTMENTS XX XX
• XX XX
• XX
  (XX) (XX)
  XX
  LIABILITIES OTHER THAN PENSION BENEFITY LIABILITIES XX Other Operational Assets Accumulated Depreciation Land and Buildings Vehicles Computer Equipment TOTAL CURRENT ASSETS OTHER THAN INVESTMENTS OPERATIONAL ASSETS Office Equipment TOTAL OPERATIONAL ASSETS OTHER ASSETS TOTAL ASSETS TOTAL LIABILITIES OTHER THAN PENSION BENEFITY LIABILITIES LIABILITIES Investment Receivables Investment Income Receivables Other Receivables PENSION BENEFITY LIABILITIES Pension Benefit Payables Matured TOTAL LIABILITIES UNREALIZED INCOME Income Received in Advance Expenses Still to be Paid Other Liabilities Investment Payables Accumulated Building Depreciation Employer Contributions Participant Contributions Late Contribution Interest Receivables Cash and Banks Contribution Receivables Participation Units of Real Estate Investment Funds in the form of Collective Investment Contracts Stock Option Contracts Direct Placement Land Buildings Land and Buildings Description EMPLOYER PENSION FUND ………………….. PENSION PROGRAM DEFINED CONTRIBUTION FINANCIAL POSITION REPORT As of …. Bank of Indonesia Certificates Stocks Bonds Sukuk Mutual Fund Participation Units:
  TOTAL INVESTMENTS
  Protected Mutual Funds, Guaranteed Mutual Funds and Index Mutual Funds Mutual Funds in the form of Limited Partnership Collective Investment Contracts Mutual Funds whose Participation Units are Traded on the Stock Exchange Collateralized Asset Effects from Collective Investment Contracts Collateralized Asset Prepaid Expenses Certificates of Deposit ASSETS (1) Money Market Mutual Funds, Fixed Income Mutual Funds, Equity Mutual Funds, and Mixed Mutual Funds INVESTMENTS (Historical Value) Government Securities Savings On-Call Deposits Long-Term Deposits

Year … Year …
Running Month Previous Month
(2) (3)
XX

• XX XX
• XX XX
• XX XX
• XX
  (XX) (XX)
  XX XX
  INVESTMENT VALUATION DIFFERENCE XX XX CURRENT ASSETS EXCLUDING INVESTMENTS XX Operating Income XX LIABILITIES EXCLUDING PENSION BENEFIT LIABILITIES XX FINANCIAL INSTITUTION PENSION FUND ………………….. STATEMENT OF FINANCIAL POSITION As of …. Asset-Backed Securities from Collective Investment Contracts Asset-Backed Securities Units of Real Estate Investment Funds in the Form of Collective Investment Contracts Description (1) ASSETS Stocks Mutual Funds in the Form of Collective Investment Contracts Limited Partnerships Stock Option Contracts Land Buildings Direct Placements Mutual Funds whose Units are Traded on the Stock Exchange Prepaid Expenses Cash and Banks Land and Buildings Accumulated Depreciation of Buildings TOTAL INVESTMENTS Deposit Certificates Bank Indonesia Certificates Bonds Sukuk Money Market Mutual Funds, Fixed Income Mutual Funds, Equity Mutual Funds, and Mixed Mutual Funds TOTAL CURRENT ASSETS EXCLUDING INVESTMENTS Due Pension Benefit Liabilities Investment Receivables Investment Income Receivables Other Receivables Accumulated Contributions Transfer of Funds from DPPK and Employers TOTAL PENSION BENEFIT LIABILITIES INVESTMENTS (Historical Value) Government Securities Savings On-call Deposits Time Deposits PENSION BENEFIT LIABILITIES LIABILITIES TOTAL ASSETS Protected Mutual Funds, Guaranteed Mutual Funds and Index Mutual Funds Mutual Fund Units:
  UNREALIZED INCOME
  TOTAL LIABILITIES
  Expenses to be Paid
  Other Liabilities
  TOTAL LIABILITIES EXCLUDING PENSION BENEFIT LIABILITIES Investment Payables Unearned Income

Year …. Year ….
Running Month Previous Month
(2) (3)
XX

• XX XX
• XX XX
• XX XX
• XX
  CURRENT ASSETS EXCLUDING INVESTMENTS XX XX
• XX XX
• XX XX
• XX
  LIABILITIES EXCLUDING ACTUARIAL PRESENT VALUE XX Bonds Savings On-call Deposits Time Deposits Deposit Certificates Bank Indonesia Certificates Stocks Money Market Mutual Funds, Fixed Income Mutual Funds, Equity Mutual Funds, and Mixed Mutual Funds Protected Mutual Funds, Guaranteed Mutual Funds and Index Mutual Funds ASSETS INVESTMENTS (Fair Value) Government Securities EMPLOYER PENSION FUND ………………….. DEFINED BENEFIT PENSION PROGRAM STATEMENT OF NET ASSETS As of ………. Other Receivables TOTAL CURRENT ASSETS EXCLUDING INVESTMENTS Description (1) Cash and Banks Mutual Funds in the Form of Collective Investment Contracts Limited Partnerships Mutual Funds whose Units are Traded on the Stock Exchange Asset-Backed Securities from Collective Investment Contracts Asset-Backed Securities Sukuk Mutual Fund Units:
  Normal Employer Contributions
  Normal Participant Contributions
  Additional Contributions
  Interest Receivables on Late Contributions Prepaid Expenses Investment Income Receivables Investment Receivables TOTAL OPERATIONAL ASSETS OTHER ASSETS Units of Real Estate Investment Funds in the Form of Collective Stock Option Contracts Direct Placements Land Buildings Land and Buildings TOTAL INVESTMENTS Contribution Receivables OPERATIONAL ASSETS Land and Buildings Vehicles Computer Equipment Office Equipment Other Operational Assets TOTAL LIABILITIES EXCLUDING ACTUARIAL PRESENT VALUE NET ASSETS AVAILABLE ASSETS LIABILITIES Due Pension Benefit Liabilities Investment Payables Unearned Income Expenses to be Paid Other Liabilities

Year … Year …
Running Month Previous Month
(2) (3)
XX

• XX XX
• XX XX
• XX
  CURRENT ASSETS EXCLUDING INVESTMENTS XX XX
• XX XX
• XX
  LIABILITIES EXCLUDING PENSION BENEFIT LIABILITIES XX (1) ASSETS Government Securities Savings On-call Deposits INVESTMENTS (Fair Value) Land and Buildings Bank Indonesia Certificates Stocks Bonds Sukuk Mutual Fund Units:
  Money Market Mutual Funds, Fixed Income Mutual Funds, Equity Mutual Funds, and Mixed Mutual Funds Protected Mutual Funds, Guaranteed Mutual Funds and Index Mutual Funds Stock Option Contracts Units of Real Estate Investment Funds in the Form of Collective Investment Contracts Direct Placements Land Investment Income Receivables Other Receivables Time Deposits Deposit Certificates Mutual Funds in the Form of Collective Investment Contracts Limited Partnerships Mutual Funds whose Units are Traded on the Stock Exchange Asset-Backed Securities from Collective Investment Contracts Asset-Backed Securities Buildings TOTAL CURRENT ASSETS EXCLUDING INVESTMENTS OPERATIONAL ASSETS (Book Value) TOTAL INVESTMENTS Cash and Banks Contribution Receivables Employer Contributions Participant Contributions Interest Receivables on Late Contributions Prepaid Expenses Investment Receivables Other Operational Assets TOTAL OPERATIONAL ASSETS OTHER ASSETS AVAILABLE ASSETS Land and Buildings Vehicles Computer Equipment Office Equipment Description EMPLOYER PENSION FUND ………………….. DEFINED CONTRIBUTION PENSION PROGRAM STATEMENT OF NET ASSETS As of ……………….. Other Liabilities TOTAL LIABILITIES EXCLUDING PENSION BENEFIT LIABILITIES NET ASSETS LIABILITIES Due Pension Benefit Liabilities Investment Payables Unearned Income Expenses to be Paid

Year … Year …
Running Month Previous Month
(2) (3)
ASSETS
INVESTMENTS (Fair Value)
XX

Money Market Mutual Funds, Fixed Income Mutual Funds, Equity Mutual Funds, and Mixed Mutual Funds XX XX - Protected Mutual Funds, Guaranteed Mutual Funds and Index Mutual Funds XX XX - Mutual Funds in the Form of Collective Investment Contracts Limited Partnerships XX XX - Mutual Funds whose Units are Traded on the Stock Exchange XX CURRENT ASSETS EXCLUDING INVESTMENTS XX AVAILABLE ASSETS XX XX LIABILITIES LIABILITIES EXCLUDING PENSION BENEFIT LIABILITIES XX NET ASSETS XX XX On-call Deposits Time Deposits Savings Description (1) Government Securities Sukuk Mutual Fund Units:
Land
FINANCIAL INSTITUTION PENSION FUND……….
STATEMENT OF NET ASSETS
Stocks
Bonds
Deposit Certificates
Bank Indonesia Certificates
As of ………………..
Stock Option Contracts
Direct Placements
Cash and Banks
Land and Buildings
Total Investments
Asset-Backed Securities from Collective Investment Contracts Asset-Backed Securities Units of Real Estate Investment Funds in the Form of Collective Investment Contracts Total Current Assets Excluding Investments Prepaid Expenses Investment Receivables Investment Income Receivables Other Receivables Buildings Due Pension Benefit Liabilities Investment Payables Other Liabilities Total Liabilities Excluding Pension Benefit Liabilities Unearned Income Expenses to be Paid

Year ... Year ...
Accumulated through running month Accumulated through previous month (2) (3) XX

• Normal Employer Contributions
• Normal Participant Contributions
• Additional Contributions
  ENDING NET ASSETS FOR THE PERIOD
  (1)
  Transfer of Funds from Other Pension Funds ADDITIONS Interest/Profit Sharing Dividends Rent Gain (Loss) on Investment Disposal Increase (Decrease) in Investment Value Due Contributions:
  Income Excluding Investments
  Operating Expenses
  Investment Expenses
  BEGINNING NET ASSETS FOR THE PERIOD INCREASE (DECREASE) IN NET ASSETS Transfer of Funds to Other Pension Funds Income Tax Pension Benefits Expenses Excluding Investments and Operations Total Reductions EMPLOYER PENSION FUND ………. DEFINED BENEFIT PENSION PROGRAM STATEMENT OF CHANGES IN NET ASSETS Period ……. to ….. REDUCTIONS Total Additions Investment Income Description Other Investment Income Total Investment Income

Year ... Year ...
Accumulated through running month Accumulated through previous month (2) (3) ADDITIONS Investment Income Interest XX XX Dividends XX XX Rent XX XX Gain (Loss) on Investment Disposal XX XX Other Investment Income XX XX Total Investment Income XX XX Increase (Decrease) in Investment Value XX XX Due Contributions:

• Employer Contributions XX XX
• Participant Contributions XX XX
  Income Excluding Investments XX XX
  Transfer of Funds from Other Pension Funds XX XX Total Additions XX XX REDUCTIONS Investment Expenses XX XX Operating Expenses XX XX Expenses Excluding Investments and Operations XX XX Pension Benefits XX XX Income Tax XX XX Transfer of Funds to Other Pension Funds XX XX Total Reductions XX XX INCREASE (DECREASE) IN NET ASSETS XX XX BEGINNING NET ASSETS FOR THE PERIOD XX XX ENDING NET ASSETS FOR THE PERIOD XX XX
  EMPLOYER PENSION FUND .....
  DEFINED CONTRIBUTION PENSION PROGRAM STATEMENT OF CHANGES IN NET ASSETS Period ……. to ….. (1) Description

Year ... Year ...
Accumulated through running month Accumulated through previous month (2) (3) ADDITIONS Investment Income XX REDUCTIONS XX INCREASE (DECREASE) IN NET ASSETS XX XX BEGINNING NET ASSETS FOR THE PERIOD XX XX ENDING NET ASSETS FOR THE PERIOD XX XX Interest/Profit Sharing Dividends Description FINANCIAL INSTITUTION PENSION FUND………. STATEMENT OF CHANGES IN NET ASSETS Period ……. to ….. (1) Rent Transfer of Funds from DPPK and Employers Total Additions Investment Expenses Contributions Increase (Decrease) in Investment Value Income Excluding Investments Other Investment Income Total Investment Income Gain (Loss) on Investment Disposal Total Reductions Operating Expenses (Fee to Founder) Pension Benefits Expenses Excluding Investments and Operations Income Tax Transfer of Funds to Other Pension Funds Contribution Withdrawals

Year ... Year ...
Accumulated through running month
Accumulated through previous month
(1) (2) (3)
CASH FLOWS FROM INVESTMENT ACTIVITIES Interest/Profit Receipts XX XX Dividend Receipts XX XX Rent Receipts XX XX Other Investment Income XX XX Investment Disposal XX XX Investment Placements XX XX Payment of Investment Expenses XX XX Net Cash Flows from Investment Activities XX XX CASH FLOWS FROM OPERATING ACTIVITIES Payment of Operating Expenses XX XX Sale of Operational Assets XX XX Purchase of Operational Assets XX XX Sale of Other Assets XX XX Purchase of Other Assets XX XX Other Income Excluding Investments XX XX Expenses Other Excluding Investments and Operations XX XX Income Tax XX XX Net Cash Flows from Operating Activities XX XX CASH FLOWS FROM FINANCING ACTIVITIES Normal Employer Contribution Receipts XX XX Normal Participant Contribution Receipts XX XX Additional Contribution Receipts XX XX Late Contribution Interest Receipts XX XX Receipts for Transfer of Funds from Other Pension Funds XX XX Payments for Transfer of Funds to Other Pension Funds XX XX Payment of Pension Benefits XX XX Net Cash Flows from Financing Activities XX XX INCREASE (DECREASE) IN NET CASH XX XX CASH AT BEGINNING OF PERIOD XX XX CASH AT END OF PERIOD XX XX
EMPLOYER PENSION FUND ...............................
DEFINED BENEFIT PENSION PROGRAM
STATEMENT OF CASH FLOWS
Period ……. to …..
Description

Year ... Year ...
Accumulated through running month Accumulated through previous month (1) (2) (3) CASH FLOWS FROM INVESTMENT ACTIVITIES Interest/Profit Receipts XX XX Dividend Receipts XX XX Rent Receipts XX XX Other Investment Income XX XX Investment Disposal XX XX Investment Placements XX XX Payment of Investment Expenses XX XX Net Cash Flows from Investment Activities XX XX CASH FLOWS FROM OPERATING ACTIVITIES Payment of Operating Expenses XX XX Sale of Operational Assets XX XX Purchase of Operational Assets XX XX Sale of Other Assets XX XX Purchase of Other Assets XX XX Other Income Excluding Investments XX XX Expenses Other Excluding Investments and Operations XX XX Income Tax XX XX Net Cash Flows from Operating Activities XX XX CASH FLOWS FROM FINANCING ACTIVITIES Employer Contribution Receipts XX XX Participant Contribution Receipts XX XX Late Contribution Interest Receipts XX XX Receipts for Transfer of Funds from Other Pension Funds XX XX Payments for Transfer of Funds to Other Pension Funds XX XX Payment of Pension Benefits XX XX Net Cash Flows from Financing Activities XX XX INCREASE (DECREASE) IN NET CASH XX XX CASH AT BEGINNING OF PERIOD XX XX CASH AT END OF PERIOD XX XX EMPLOYER PENSION FUND ………. DEFINED CONTRIBUTION PENSION PROGRAM STATEMENT OF CASH FLOWS Period ……. to ….. Description

Year ... Year ...
Accumulated through running month Accumulated through previous month (1) (2) (3) CASH FLOWS FROM INVESTMENT ACTIVITIES Interest/Profit Receipts XX XX Dividend Receipts XX XX Rent Receipts XX XX Other Investment Income XX XX Investment Disposal XX XX Investment Placements XX XX Payment of Investment Expenses XX XX Net Cash Flows from Investment Activities XX XX CASH FLOWS FROM OPERATING ACTIVITIES Payment of Operating Expenses XX XX Income Excluding Investments XX XX Expenses Excluding Investments and Operations XX XX Income Tax XX XX Net Cash Flows from Operating Activities XX XX CASH FLOWS FROM FINANCING ACTIVITIES Contribution Receipts XX XX Receipts for Transfer of Funds from DPPK and Employers XX XX Payments for Transfer of Funds to Other PFPs XX XX Payment of Pension Benefits XX XX Contribution Withdrawals XX XX Net Cash Flows from Financing Activities XX XX INCREASE (DECREASE) IN NET CASH XX XX CASH AT BEGINNING OF PERIOD XX XX CASH AT END OF PERIOD XX XX Description FINANCIAL INSTITUTION PENSION FUND ……….. STATEMENT OF CASH FLOWS Period ……. to …..

Year ... Year ...
Accumulated through running month
Accumulated through previous month
(2) (3)
INVESTMENT INCOME
XX
INVESTMENT EXPENSES
XX
INVESTMENT OPERATING INCOME XX XX
OPERATING EXPENSES
XX
OTHER INCOME AND EXPENSES
XX
(XX) (XX)
XX XX
INCOME BEFORE TAX XX XX
INCOME TAX XX XX
INCOME AFTER TAX XX XX
Other Operating Expenses
Total Operating Expenses
Depreciation Expenses
Third-Party Service Expenses
Employee, Board of Directors, and Supervisory Board Salaries/Honoraria Office Expenses Maintenance Expenses Total Other Income and Expenses Gain (Loss) on Sale of Other Assets Other Income Excluding Investments Expenses Other Excluding Investments and Operations Late Contribution Interest Gain (Loss) on Sale of Operational Assets Other Investment Expenses Description (1) Total Investment Income Gain (Loss) on Investment Disposal Total Investment Expenses Building Depreciation Expenses Investment Manager Expenses Transaction Expenses Land and Building Maintenance Expenses Other Investment Income Dividends Rent
EMPLOYER PENSION FUND ......................
DEFINED BENEFIT PENSION PROGRAM
STATEMENT OF COMPREHENSIVE INCOME
Period ……. to …..
Interest/Profit Sharing

Year ... Year ...
Accumulated through running month
Accumulated through previous month
(2) (3)
INVESTMENT INCOME
XX
INVESTMENT EXPENSES
XX
INVESTMENT OPERATING INCOME XX XX
OPERATING EXPENSES
XX
OTHER INCOME AND EXPENSES
XX
INCOME BEFORE TAX XX XX
INCOME TAX XX XX
INCOME AFTER TAX XX XX
Other Operating Expenses
Total Operating Expenses
Depreciation Expenses
Third-Party Service Expenses
Employee, Board of Directors, and Supervisory Board Salaries/Honoraria Office Expenses Maintenance Expenses Total Other Income and Expenses Gain (Loss) on Sale of Other Assets Other Income Excluding Investments Expenses Other Excluding Investments and Operations Late Contribution Interest Gain (Loss) on Sale of Operational Assets Other Investment Expenses Description (1) Total Investment Income Gain (Loss) on Investment Disposal Total Investment Expenses Building Depreciation Expenses Investment Manager Expenses Transaction Expenses Land and Building Maintenance Expenses Other Investment Income Dividends Rent
EMPLOYER PENSION FUND .....
DEFINED CONTRIBUTION PENSION PROGRAM STATEMENT OF COMPREHENSIVE INCOME Period ……. to ….. Interest/Profit Sharing

Year ... Year ...
Accumulated through running month
Accumulated through previous month
(2) (3)
INVESTMENT INCOME
XX
INVESTMENT EXPENSES
XX
INVESTMENT OPERATING INCOME XX XX
OPERATING EXPENSES
XX XX
OTHER INCOME AND EXPENSES
XX
INCOME BEFORE TAX XX XX
INCOME TAX XX XX
INCOME AFTER TAX XX XX
Dividends
Description
(1)
FINANCIAL INSTITUTION PENSION FUND…… STATEMENT OF COMPREHENSIVE INCOME Period ……. to ….. Interest/Profit Sharing Total Other Income and Expenses Building Depreciation Expenses Investment Manager Expenses Other Investment Expenses Total Investment Expenses Total Investment Income Transaction Expenses Land and Building Maintenance Expenses Rent Fee to Founder Income Excluding Investments Gain (Loss) on Investment Disposal Other Investment Income Expenses Excluding Investments and Operations