SEOJK Regarding Monthly Reports of Venture Capital Companies

To:
Venture Capital Companies
At Location

COPY
CIRCULAR LETTER OF THE FINANCIAL SERVICES AUTHORITY NUMBER 8 /SEOJK.05/2013 REGARDING MONTHLY REPORTS OF VENTURE CAPITAL COMPANIES

In connection with the Financial Services Authority Regulation Number 3/POJK.05/2013 dated September 12, 2013 regarding Monthly Reports of Non-Bank Financial Service 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 Venture Capital Companies in this Circular Letter of the Financial Services Authority 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 service institutions for the benefit of the OJK, covering the period from the 1st to the end of the current month and submitted according to the format and procedures determined by the OJK.

II. FORM AND STRUCTURE OF MONTHLY REPORTS

1. The form, structure, and guidelines for preparing Monthly Reports for Venture Capital Companies are as stated in Appendix I, which is an inseparable part of this OJK Circular Letter.

2. For Venture Capital Companies conducting business activities based on Sharia principles, in addition to submitting Monthly Reports according to the form and structure stated in Appendix I, they are required to submit Monthly Reports with the form and structure stated in Appendix II, which is an inseparable part of this OJK Circular Letter.

III. TIME OF SUBMISSION OF MONTHLY REPORTS

1. Venture Capital Companies are required to submit Monthly Reports to the OJK no later than the 10th of the following month.

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

IV. SUBMISSION PROCEDURES

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

2. Monthly Reports are submitted online via the company's official email (email) by attaching a softcopy of the Monthly Report in spreadsheet format to:
   a. LB.PMV@ojk.go.id; and b. LBPMV.Syariah@ojk.go.id, for Venture Capital Companies conducting business activities based on Sharia principles.

3. In the event that Monthly Reports are submitted offline, submission is conducted via a letter signed by the Board of Directors and addressed to:
   a. Financial Services Authority u.p. Director of Financing Supervision Sumitro Djojohadikusumo Building, 13th Floor Jl. Lapangan Banteng Timur Number 2-4 Jakarta 10710; and b. Financial Services Authority u.p. Director of Sharia Non-Bank Financial Institutions (IKNB Syariah) Sumitro Djojohadikusumo Building, 13th Floor Jl. Lapangan Banteng Timur Number 2-4 Jakarta 10710 for Venture Capital Companies conducting business activities based on Sharia principles.

4. Submission of Monthly Reports offline as referred to in paragraph 3 can be done 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. Venture Capital Companies are deemed to have submitted Monthly Reports with the following provisions:
   a. for submission online via email, evidenced by an email receipt from the OJK, b. for submission offline, evidenced by:

   1. a receipt letter from the OJK, if the report is handed in directly to the OJK office; or
   2. a shipping 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, the OJK will communicate the address changes via letter or announcement.

V. SANCTION PROVISIONS

1. The 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 Service Institutions, with a compliance period for submitting Monthly Reports of no longer than 30 (thirty) days since the administrative sanction of a first written warning was imposed.

2. If within the period referred to in paragraph 1 the obligation to submit Monthly Reports has not been fulfilled, the 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 Service Institutions, with a compliance period for submitting Monthly Reports of no longer than 30 (thirty) days since the administrative sanction of a second written warning was imposed.

3. If within the period referred to in paragraph 2 the obligation to submit Monthly Reports has not been fulfilled, the 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 Service Institutions, with a compliance period for submitting Monthly Reports of no longer than 30 (thirty) days since the administrative sanction of a third written warning was imposed.

VI. TRANSITIONAL PROVISIONS

1. Venture Capital Companies are required to submit Monthly Reports to the 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 end date of the following month referred to in paragraph 1 falls on a holiday, the Monthly Report must be submitted on the next working day.

VII. CLOSING

This OJK Circular Letter takes effect on the date of establishment.

To ensure that everyone knows it, it orders the announcement of this OJK Circular Letter by placing it in the State Gazette of the Republic of Indonesia.

Established in Jakarta on November 25, 2013 EXECUTIVE HEAD OF IKNB SUPERVISOR FINANCIAL SERVICES AUTHORITY, Signed, FIRDAUS DJAELANI

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

APPENDIX
CIRCULAR LETTER OF THE FINANCIAL SERVICES AUTHORITY NUMBER 8/SEOJK.05/2013 REGARDING MONTHLY REPORTS OF VENTURE CAPITAL COMPANIES

To:
Financial Services Authority
Up. Directorate of Financing Supervision Sumitro Djojohadikusumo Building, 13th Floor Jl. Lapangan Banteng Timur 1 - 4 Jakarta - 10710

PT XYZ
(Company Address)

MONTHLY REPORT
VENTURE CAPITAL COMPANIES

For the Month of ……………….. Year 20XX

In Thousands of Rupiah
No. Description Account Code Amount (Rp)

ASSETS 1000

1. Current Assets 1100 …
   a. Cash / Bank 1110 … b. Securities 1120 …
   c. Deposits 1130 …
   d. Receivables 1140 … e. Other Current Assets 1190 …
2. Financing/Venture Capital Participation 1200 …
   a. Stock Participation 1210 … b. Convertible Bonds 1220 …
   c. Profit-Sharing Financing (Net) 1230 …
   1. Profit-Sharing Financing (Gross) 1231 …
   2. -/- Accumulated Provisions 1236 …
3. Fixed Assets (Net) 1300 …
4. Other Assets 1900 …
   a. Participation in Subsidiaries 1910 … b. Deferred Tax Assets 1920 …
   c. Assets Taken Over (AYDA) 1930
   d. Miscellaneous Assets 1990 … Total Assets 1000 …

LIABILITIES 2000
5. Current Liabilities 2100 …
a. Short-Term Loans 2110 … b. Other Current Liabilities 2120 …
6. Long-Term Liabilities/Loans*) 2200 …
7. Subordinated Loans 2300 …
8. Other Liabilities 2900 …
Total Liabilities 2000 …
9. Equity 3000 …
a. Paid-in Capital 3100 … b. Agio (Disagio) 3200 …
c. Reserves 3300 …
d. Retained Earnings 3400 … e. Current Year Profit (Loss) 3500 … Total Equity 3000 …

Note:
*) besides Subordinated Loans

BALANCE SHEET
PERIOD MONTH ……………….. YEAR 20XX
PT ……………………………

In Thousands of Rupiah
No. Description Account Code Amount (Rp)

INCOME 4000

1. Operational Income 4100 …
   a. Stock Participation 4110 … b. Convertible Bonds 4120 …
   c. Profit-Sharing Financing 4130 …
2. Non-Operational Income 4200 …
   Total Income 4000 …

EXPENSES 5000
3. Operational Expenses 5100 …
a. Interest 5110 … b. Employees 5120 …
c. General and Administration 5130 …
d. Provisions 5140 … e. Amortization/Depreciation 5150 … f. Others 5190 …
4. Non-Operational Expenses 5200 …
Total Expenses 5000 …
Profit (Loss) Before Tax 6100 …
Estimated Income Tax 5300 …
Profit (Loss) After Tax 6200 …

INCOME STATEMENT
PERIOD MONTH ……………….. YEAR 20XX
PT ………………………………

In Thousands of Rupiah
I. Net Cash Flow from Operating Activities
A. Cash Surplus 7101
B. Cash Deficit -/- 7102

1. Cash Receipts from Operating Activities 7110
   • Receipts from stock participation 7111
   • Receipts from convertible bond financing 7112
   • Receipts from profit-sharing financing 7113
   • Receipts from other income 7119
2. Cash Payments for Operating Activities 7120
   • Payments for stock participation financing activities 7121
   • Payments for convertible bond financing activities 7122
   • Payments for Profit-Sharing financing activities 7123
   • Payments for interest 7124
   • Payments for general and administrative expenses 7125
   • Payments for income tax 7126
   • Payments for other operating activities 7129
     II. Net Cash Flow from Investing Activities
     A. Cash Surplus 7201
     B. Cash Deficit -/- 7202
3. Cash Receipts from Investing Activities 7210
   • Receipts from disposal of subsidiaries 7211
   • Receipts from sale of land, buildings, and equipment 7212
   • Receipts of subsidiary dividends 7213
   • Receipts of interest from investing activities 7214
   • Receipts from other investing activities 7219
4. Cash Payments from Investing Activities 7220
   • Payments for acquisition of subsidiaries 7221
   • Payments for purchase of land, buildings, and equipment 7222
   • Payments for other investing activities 7229
     III. Net Cash Flow from Financing Activities
     A. Cash Surplus 7301
     B. Cash Deficit -/- 7302
5. Cash Receipts from Financing Activities 7310
   • Receipts from issuance of share capital 7311
   • Receipts from loans & issuance of loan instruments 7312
   • Receipts from other financing activities 7319
6. Cash Payments for Financing Activities 7320
   • Payments for withdrawal of company capital 7321
   • Payments for loan principal 7322
   • Payments of dividends 7323
   • Payments for other financing activities 7329
     IV. Effect of Exchange Rate Changes on Cash and Cash Equivalents
     A. Surplus 7401
     B. Deficit -/- 7402
     V. Net Increase in Cash and Cash Equivalents
     A. Increase 7501
     B. Decrease -/- 7502
     VI. Cash and Cash Equivalents at Beginning of Period 7600
     VII. Cash and Cash Equivalents at End of Period 7700

CASH FLOW STATEMENT
PT ………………………………
PERIOD MONTH ……………….. YEAR 20XX

DETAILS OF FINANCING BASED ON BUSINESS FORM PT ……………………….. PERIOD MONTH……… YEAR 20XX

No. Business Form
Outstanding 1 Cumulative 2

Amount of Financing (Thousand Rp)

1. PT
2. Cooperative
3. Partnership (CV, UD, etc.)
4. Individual
   Total

Note:
1 balance at the end of the semester 2 number of new contracts/financing during one semester

DETAILS OF FINANCING BASED ON ECONOMIC SECTOR PT ………………………… PERIOD MONTH……… YEAR 20XX

No. Business Sector
Outstanding 1 Cumulative 2

Amount of Financing (Thousand Rp)

1. Agriculture, Fisheries, and Forestry
2. Mining
3. Industry
4. Construction
5. Trade, Restaurants, and Hotels
6. Transportation, Warehousing, and Communication
7. Business Support Services
8. Social/Public Services
9. Others
   Total

Note:
1 balance at the end of the semester 2 number of new contracts/financing during one semester

DETAILS OF FINANCING BASED ON TYPE OF FINANCING/PARTICIPATION PT …………………………… PERIOD MONTH……… YEAR 20XX

No. Type of Financing/
Participation
Outstanding 1 Cumulative 2

Amount of Financing (Thousand Rp)

1. Penyertaan Saham (Stock Participation)
2. Obligasi Konversi (Convertible Bonds)
3. Bagi Hasil (Profit-Sharing)
   Total

Note:
1 balance at the end of the semester 2 number of new contracts/financing during one semester

DETAILS OF FINANCING BASED ON VALUE OF FINANCING/PARTICIPATION PT …………………………… PERIOD MONTH……… YEAR 20XX

No. Value of Financing/
Participation
Outstanding 1 Cumulative 2

Amount of Financing (Thousand Rp)

1. s.d. 50 million

2. 50 million s.d. 500 million

3. 500 million s.d. 5 billion

4. 5 billion
   Total

Note:
1 balance at the end of the semester 2 number of new contracts/financing during one semester

DETAILS OF FINANCING BASED ON COLLECTIBILITY PT …………………………… PERIOD MONTH……… YEAR 20XX

No. Receivables Collectibility
Outstanding 1 Cumulative 2

Amount of Financing (Thousand Rp)

1. Current
2. 1 day ≤ Overdue ≤ 30 days
3. 30 days < Overdue ≤ 60 days
4. 60 days < Overdue ≤ 90 days
5. 90 days < Overdue ≤ 120 days
6. Overdue > 120 days
   Total

Note:
1 balance at the end of the semester 2 number of new contracts/financing during one semester

AGE
Rupiah Foreign Currency Total
< 1 year
1 year ≤ age < 5 years
5 years ≤ age < 10 years
≥ 10 years
Total

Rupiah**) Foreign Currency**) Total) Note:
*) In millions of Rupiah
) In percentage
Current assets/liabilities are assets/liabilities with an age of less than 1 year Non-current assets/liabilities are assets/liabilities with an age of 1 year or more

Established in Jakarta on November 25, 2013 EXECUTIVE HEAD OF IKNB SUPERVISOR FINANCIAL SERVICES AUTHORITY Copy matches the original Head of Legal Assistance Division Legal Directorate Signed, FIRDAUS DJAELANI Signed, Mufli Asmawidjaja

Financial Ratios
Current Assets Ratio Against Non-Current Liabilities Current Liabilities Ratio Against Non-Current Liabilities PT.XYZ ASSET AND LIABILITY MATCHING ANALYSIS REPORT For the Month of…

ASSETS*) LIABILITIES*) Assets Ratio Against Liabilities) ---