ABDA Asuransi Bina Dana Arta Tbk.

COMPANY REPORT : FEBRUARY 2013

Development Board
Industry Sector : Finance (8)
Industry Sub Sector : Insurance (84)

As of 28 February 2013
:
559.334
Individual Index
620,806,680
:
Listed Shares
1,520,976,366,000
Market Capitalization :
206 | 1.46T | 0.03% | 97.15%
305 | 0.06T | 0.005% | 99.81%

COMPANY HISTORY
Established Date : 12-Oct-1982
Listing Date
: 06-Jul-1989
Under Writer IPO :
PT Indovest Securities
PT Merincorp
Securities Administration Bureau :
PT Ficomindo Buana Registrar
Mayapada Tower 10th Fl. Suite 02 B
Jln. Jend. Sudirman Kav. 28 Jakarta 12920
Phone : 521-2316, 521-2317
Fax
: 521-2320
BOARD OF COMMISSIONERS
1. Tjan Soen Eng
2. Murniaty Kartono
3. Sarkoro Handajani *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Candra Gunawan
2. Dody Sjachroerodly
3. Eka Listiani Kartono
4. Freddy Wijaya
5. Jeni Wirjadinata
AUDIT COMMITTEE
1. Sarkoro Handajani
2. Doni Tarigan
3. Herlani Sunardi

SHAREHOLDERS (February 2013)

1. BNYM SA/NV As Cust Of Bank Of Singapore Limited
2. Coutts And Co Ltd (Singapore)
3. ABN Amro Nominees Singapore Pte Ltd
4. Barclays Bank Plc Hong Kong-Wealth Management
5. Public (<5%)
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year Shares Dividend Cum Date
1990
100.00 25-Jun-90
1992
20.00 23-Jun-93
1993
25.00 19-May-94
1994
15.00
12-Jul-95
1996
5:4
12-Jan-96
1995
60.00 27-Jun-96
1996
100.00 09-Jun-97
1997
300.00 09-Mar-98
1998
300.00
15-Jul-99
1999
10.00
24-Jul-00
2003 10 : 3
21-Jul-03
2002
20.00
21-Jul-03
2003
20.00
15-Jul-04
2007
20.00 24-Jun-08
2008
20.00 11-Jun-09
2009
25.00
05-Jul-10
2011
30.00 09-May-12

Ex Date
26-Jun-90
24-Jun-93
20-May-94
13-Jul-95
15-Jan-96
28-Jun-96
10-Jun-97
10-Mar-98
16-Jul-99
25-Jul-00
22-Jul-03
22-Jul-03
16-Jul-04
23-Jun-08
12-Jun-09
06-Jul-10
10-May-12

116,045,161
103,687,800
78,589,204
72,987,774
249,496,741

Recording
Date
30-Jun-90
01-Jul-93
30-May-94
22-Jul-95
23-Jan-96
08-Jul-96
18-Jun-97
18-Mar-98
26-Jul-99
02-Aug-00
24-Jul-03
24-Jul-03
20-Jul-04
26-Jun-08
16-Jun-09
08-Jul-10
14-May-12

:
:
:
:
:

18.69%
16.70%
12.66%
11.76%
40.19%

Payment
Date
04-Jul-90
02-Aug-93
30-Jun-94
22-Aug-95
22-Feb-96
06-Aug-96
16-Jul-97
30-Apr-98
23-Aug-99
16-Aug-00
07-Aug-03
07-Aug-03
02-Aug-04
10-Jul-08
30-Jun-09
22-Jul-10
30-May-12

F/I

F
F
F
F
F
I
F
F
F
F
F
F
F
F

ISSUED HISTORY

No.
1.
CORPORATE SECRETARY
2.
Marianty N. Santoso
3.
4.
HEAD OFFICE
5.
Plaza ABDA Lt. 27
Jln. Jend. Sudirman Kav. 59
6.
Jakarta Selatan
7.
8.
Phone : (021) 514-01688
Fax
: (021) 514-01698, 514-01699, 570-8166, 570-8159 9.
10.
11.
Homepage : www.abdainsurance.co.id
12.
Email
: marie@abdainsurance.co.id

Type of Listing
First Issue
Company Listing
Private Placement
Right Issue
Dividen Shares
Koperasi
Bonus Shares
Stock Split
Right Issue
Bonus Shares
Right Issue
Right Issue

Shares
900,000
4,500,000
200,000
3,240,000
886,000
100,000
7,860,800
17,686,800
70,747,200
31,836,240
137,957,040
344,892,600

Listing
Date
06-Jul-89
25-Aug-89
07-Aug-90
07-Aug-90
06-Oct-93
06-Oct-93
26-Feb-96
16-Dec-96
15-Jan-02
07-Aug-03
21-Dec-04
27-Apr-11

Trading
Date
06-Jul-89
25-Aug-89
07-Aug-90
07-Aug-90
06-Oct-93
00-Jan-00
26-Feb-96
16-Dec-96
06-Feb-02
07-Aug-03
21-Dec-04
27-Apr-11

ABDA Asuransi Bina Dana Arta Tbk.

Closing
Price*

Closing Price
Volume
(Mill. Sh)

3,000

5.60

2,625

4.90

2,250

4.20

1,875

3.50

1,500

2.80

1,125

2.10

750

1.40

375

0.70

Jan-09

Jan-10

Jan-11

Jan-12

Jan-13

Closing Price*, Jakarta Composite Index (IHSG) and

Finance Index
January 2009 - February 2013

Month
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09

High
175
175
175
230
255
260
225
235
245
310
350

Low
175
175
175
200
200
205
200
215
200
215
300

Close
190
175
175
175
200
200
220
210
215
200
305
300

Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10

320
300
475
600
450
450
580
570
460
540
600
550

300
295
275
325
335
350
350
400
420
450
460
510

Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11

560
660
650
780
680
670
860
800
710
690
790
770

Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
Jan-13
Feb-13

Volume
Value
Freq.
(X) (Thou. Sh.) (Million Rp)

Day

TRADING ACTIVITIES

Closing Price* and Trading Volume

Asuransi Bina Dana Arta Tbk.
January 2009 - February 2013

6
1
1
18
27
175
220
111
358
168
59

382
0.5
0.5
1,095
623
5,421
1,702
437
2,730
2,534
469

69
0.1
0.1
221
132
1,267
368
99
610
606
148

3
1
1
9
11
18
15
8
14
13
9

300
295
455
335
380
425
570
430
455
490
570
520

14
12
48
68
88
285
410
203
73
273
166
49

134
187
143
232
497
1,267
3,456
972
316
2,185
864
1,013

40
56
48
98
179
512
1,477
424
137
1,044
466
530

9
4
9
11
15
22
22
21
14
20
20
16

510
550
520
400
455
550
640
550
550
550
660
700

560
560
650
460
620
650
760
660
620
670
700
770

33
141
292
1,943
2,818
730
1,031
1,452
301
118
323
115

810
699
4,871
8,942
31,172
8,911
10,537
10,924
2,824
1,191
4,105
2,564

426
386
2,700
4,855
17,850
5,439
7,671
7,338
1,834
782
2,963
1,894

11
14
22
20
21
20
21
19
19
16
20
19

770
800
800
1,060
1,350
1,350
1,400
1,960
1,720
1,660
1,800
1,920

730
740
780
780
1,090
1,010
1,250
1,390
1,620
1,400
1,600
1,740

770
780
800
1,030
1,110
1,350
1,390
1,720
1,670
1,500
1,730
1,830

158
174
36
169
300
105
82
304
57
70
91
63

5,005
3,210
205
2,826
3,511
30,795
950
1,552
1,687
2,029
1,297
1,297

3,676
2,497
164
2,419
4,135
28,498
1,274
2,534
2,863
3,213
2,218
2,322

20
20
9
18
19
17
15
19
15
19
15
16

2,350
3,250

1,840
2,325

2,350
2,450

46
43

545
342

1,141
858

15
16

1,960%
1685.4%

1,680%
1,400%
1,120%
840%
560%

254.8%
233.7%

280%
-280%

Jan 09

Jan 10

Jan 11

Jan 12

Jan 13

SHARES TRADED

2009

2010

2011

Volume (Million Sh.)

Value (Billion Rp)
Frequency (Thou. X)
Days

15
4
1
102

11
5
2
183

88
54
9
222

2012 Feb-13
54
56
2
202

0.9
2
0.09
31

Price (Rupiah)
High
Low
Close
Close*

350
175
300
217

600
275
520
376

860
400
770
770

1,960
730
1,830
1,830

3,250
1,840
2,450
2,450

3.18
3.17
PER (X)
12.35
16.00
PER Industry (X)
0.67
0.73
PBV (X)
* Adjusted price after corporate action

4.09
6.61
1.18

4.20
6.58
1.93

5.63
8.73
2.58

ABDA Asuransi Bina Dana Arta Tbk.

Financial Data and Ratios
Public Accountant : Paul Hadiwinata, Hidajat, Arsono, Ade Fatma & Rekan (Member of PKF International Ltd)
BALANCE SHEET
(Million Rp except Par Value)

Dec-08

Dec-09

Dec-10

Dec-11

Sep-12

Total Investment

283,208

240,624

665,022

939,123

1,190,952

Book End : December

TOTAL ASSETS AND LIABILITIES (Bill. Rp)

Assets

Cash on hand and in Banks

11,815

20,618

12,961

27,281

20,217

Premium Receivables

56,836

98,664

85,741

67,034

105,496

Reinsurance Receivables

3,870

13,359

4,903

4,015

3,994

Other Receivable

3,036

2,089

4,937

5,724

7,526

Fixed Assets

35,782

33,452

32,119

51,666

63,439

Other Assets

1,233

1,361

1,698

1,604

1,888

Total Assets

421,304

Growth (%)

518,268

845,779

1,106,155

1,432,974

23.02%

63.19%

30.79%

29.55%

1,200
900
600
300
-

Claims payable

11,369

17,529

14,390

16,192

13,200

Reinsurance payables

4,652

26,350

2,399

2,651

5,785

Taxes payable

1,618

2,994

6,358

6,394

2,516

Total Liabilities

302,494

394,265

648,320

701,529

844,267

30.34%

64.44%

8.21%

20.35%

Growth (%)

Liabilities

1,500

2008

2009

2010

2011

Sep-12

TOTAL EQUITY (Billion Rupiah)

589
589

Authorized Capital
Paid up Capital
Paid up Capital (Shares)

193,847

193,847

193,847

338,172

338,172

89,849

89,849

89,849

193,317

193,317

276

276

276

621

621

405

469

349

Par Value
Retained Earnings
Total Equity

500 & 300

500 & 300

500 & 300

500 & 300

500 & 300

47,727

68,264

106,662

178,764

265,902

118,810

124,003

197,459

404,626

588,706

4.37%

59.24%

104.92%

45.49%

Growth (%)

197

228

119

124

2008

2009

108

-12

INCOME STATEMENTS

Dec-08

Underwriting Revenues

251,870

Growth (%)

Dec-09

Dec-10

Dec-11

Sep-12
497,869

336,275

425,993

537,426

33.51%

26.68%

26.16%

2011

187,242

266,805

333,380

411,100

367,874

64,628

69,470

92,613

126,325

129,995

Income from Investments

15,376

21,971

35,516

54,304

47,060

Operating Expenses

64,125

63,130

79,990

91,338

76,414

Income from Operating

15,879

28,310

48,139

89,291

100,641

78.29%

70.04%

85.49%

4,120

2,750

5,635

9,349

4,724

19,999

31,061

53,774

98,640

105,365

537
498

537

Growth (%)

Sep-12

TOTAL REVENUES (Billion Rupiah)

Underwriting Income

Underwriting Expenses

2010

426
428

336
318

252

209

Others Income

99

Income before Tax

Tax
Net Income

5,912

5,006

6,477

11,018

-397

14,087

26,055

47,297

116,758

202,705

84.95%

81.52%

146.86%

Dec-08

Dec-09

Dec-10

Dec-11

Sep-12

20.00

25.00

30.00

Growth (%)

-11

2008

2009

2010

2011

Sep-12

NET INCOME (Billion Rupiah)

RATIOS
Dividend (Rp)

51.06

94.43

171.42

188.08

326.52

BV (Rp)

430.61

449.42

715.65

651.77

948.29

DAR (X)

0.72

0.76

0.77

0.63

0.59

DER(X)

2.55

3.18

3.28

1.73

1.43

EPS (Rp)

203
203

161

117
120

ROA (%)

4.75

5.99

6.36

8.92

7.35

ROE (%)

16.83

25.05

27.23

24.38

17.90

OPM (%)

6.30

8.42

11.30

16.61

20.21

NPM (%)

5.59

7.75

11.10

21.73

40.71

Payout Ratio (%)

39.17

26.47

15.95

Yield (%)

10.53

8.33

3.90

79

47
37

14

26

-4

2008

2009

2010

2011

Sep-12