4. CASH AND CASH EQUIVALENTS
The breakdown of cash and cash equivalents is as follows:
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2016 |
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2017 |
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Balance |
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Balance |
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Original currency |
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Original currency |
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Currency |
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(in millions) |
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Rupiah equivalent |
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(in millions) |
|
Rupiah equivalent |
|
Cash on hand |
|
Rp |
|
— |
|
10 |
|
— |
|
12 |
|
Cash in banks |
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Related parties |
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PT Bank Mandiri (Persero) Tbk (“Bank Mandiri”) |
|
Rp |
|
— |
|
1,897 |
|
— |
|
1,481 |
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|
|
US$ |
|
41 |
|
548 |
|
27 |
|
367 |
|
|
|
JPY |
|
6 |
|
1 |
|
7 |
|
1 |
|
|
|
EUR |
|
1 |
|
11 |
|
1 |
|
17 |
|
|
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HKD |
|
1 |
|
1 |
|
1 |
|
2 |
|
|
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AUD |
|
0 |
|
0 |
|
0 |
|
0 |
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PT Bank Negara Indonesia (Persero) Tbk (“BNI”) |
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Rp |
|
— |
|
581 |
|
— |
|
968 |
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|
|
US$ |
|
6 |
|
84 |
|
1 |
|
13 |
|
|
|
EUR |
|
5 |
|
68 |
|
0 |
|
6 |
|
|
|
SGD |
|
0 |
|
0 |
|
0 |
|
0 |
|
PT Bank Rakyat Indonesia (Persero) Tbk (“BRI”) |
|
Rp |
|
— |
|
95 |
|
— |
|
466 |
|
|
|
US$ |
|
8 |
|
107 |
|
6 |
|
82 |
|
Others |
|
Rp |
|
— |
|
29 |
|
— |
|
47 |
|
|
|
US$ |
|
0 |
|
0 |
|
0 |
|
1 |
|
Sub-total |
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3,422 |
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|
|
3,451 |
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Third parties |
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|
|
|
|
|
|
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PT Bank Permata Tbk (“Bank Permata”) |
|
Rp |
|
— |
|
14 |
|
— |
|
278 |
|
|
|
US$ |
|
7 |
|
96 |
|
0 |
|
2 |
|
The Hongkong and Shanghai Banking Corporation Ltd. (“HSBC”) |
|
US$ |
|
13 |
|
176 |
|
14 |
|
184 |
|
|
|
HKD |
|
2 |
|
4 |
|
4 |
|
6 |
|
Standard Chartered Bank (“SCB”) |
|
Rp |
|
— |
|
0 |
|
— |
|
0 |
|
|
|
US$ |
|
6 |
|
74 |
|
11 |
|
154 |
|
|
|
SGD |
|
5 |
|
43 |
|
0 |
|
1 |
|
Development Bank of Singapore (”DBS”) |
|
Rp |
|
— |
|
101 |
|
— |
|
24 |
|
|
|
US$ |
|
0 |
|
0 |
|
0 |
|
0 |
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Others |
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Rp |
|
— |
|
150 |
|
— |
|
334 |
|
|
|
US$ |
|
5 |
|
69 |
|
4 |
|
61 |
|
|
|
SGD |
|
0 |
|
0 |
|
0 |
|
2 |
|
|
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EUR |
|
0 |
|
1 |
|
1 |
|
20 |
|
|
|
AUD |
|
1 |
|
12 |
|
0 |
|
1 |
|
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TWD |
|
3 |
|
1 |
|
8 |
|
4 |
|
|
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MYR |
|
0 |
|
0 |
|
2 |
|
8 |
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HKD |
|
0 |
|
0 |
|
0 |
|
0 |
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MOP |
|
0 |
|
1 |
|
0 |
|
0 |
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Sub-total |
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|
742 |
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|
1,079 |
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Total cash in banks |
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4,164 |
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|
4,530 |
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Time deposits |
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Related parties |
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BNI |
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Rp |
|
— |
|
4,043 |
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— |
|
5,315 |
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|
|
US$ |
|
25 |
|
336 |
|
9 |
|
116 |
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BRI |
|
Rp |
|
— |
|
4,076 |
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— |
|
4,954 |
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|
|
US$ |
|
47 |
|
632 |
|
15 |
|
203 |
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PT Bank Tabungan Negara (Persero) Tbk (“Bank BTN”) |
|
Rp |
|
— |
|
3,356 |
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— |
|
2,958 |
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PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (“BJB”) |
|
Rp |
|
— |
|
2,020 |
|
— |
|
1,726 |
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Bank Mandiri |
|
Rp |
|
— |
|
1,552 |
|
— |
|
446 |
|
|
|
US$ |
|
5 |
|
67 |
|
— |
|
— |
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Others |
|
Rp |
|
— |
|
27 |
|
— |
|
67 |
|
Sub-total |
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|
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16,109 |
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|
15,785 |
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Time deposits (continued) |
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Third parties |
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|
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|
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PT Bank Mega Tbk (“Bank Mega”) |
|
Rp |
|
— |
|
1,226 |
|
— |
|
1,243 |
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|
|
US$ |
|
14 |
|
185 |
|
— |
|
— |
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PT Bank OCBC NISP Tbk (“OCBC NISP”) |
|
Rp |
|
— |
|
1,550 |
|
— |
|
1,200 |
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|
|
US$ |
|
10 |
|
134 |
|
— |
|
— |
|
PT Bank Tabungan Pensiunan Nasional Tbk (“BTPN”) |
|
Rp |
|
— |
|
461 |
|
— |
|
676 |
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|
|
US$ |
|
— |
|
— |
|
30 |
|
401 |
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PT Bank CIMB Niaga Tbk (“Bank CIMB Niaga”) |
|
Rp |
|
— |
|
2,025 |
|
— |
|
600 |
|
|
|
US$ |
|
— |
|
— |
|
2 |
|
31 |
|
PT Bank UOB Indonesia (“UOB”) |
|
Rp |
|
— |
|
1,345 |
|
— |
|
— |
|
|
|
US$ |
|
— |
|
— |
|
20 |
|
263 |
|
SCB |
|
US$ |
|
18 |
|
242 |
|
10 |
|
136 |
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|
|
SGD |
|
15 |
|
139 |
|
— |
|
— |
|
PT Bank Muamalat Indonesia Tbk |
|
Rp |
|
— |
|
305 |
|
— |
|
91 |
|
PT Bank ANZ Indonesia ("ANZ") |
|
Rp |
|
— |
|
200 |
|
— |
|
5 |
|
|
|
US$ |
|
— |
|
— |
|
5 |
|
73 |
|
PT Bank Bukopin Tbk (“Bank Bukopin”) |
|
Rp |
|
— |
|
148 |
|
— |
|
22 |
|
Bank Permata |
|
Rp |
|
— |
|
1,492 |
|
— |
|
— |
|
Others |
|
Rp |
|
— |
|
32 |
|
— |
|
30 |
|
|
|
MYR |
|
— |
|
— |
|
14 |
|
47 |
|
Sub-total |
|
|
|
|
|
9,484 |
|
|
|
4,818 |
|
Total time deposits |
|
|
|
|
|
25,593 |
|
|
|
20,603 |
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Total |
|
|
|
|
|
29,767 |
|
|
|
25,145 |
Interest rates per annum on time deposits are as follows:
|
|
|
2016 |
|
2017 |
|
Rupiah |
|
3.20%‑10.00% |
|
2.85%‑8.50% |
|
Foreign currencies |
|
0.10%‑2.00% |
|
0.40%‑3.50% |
The related parties in which the Group places its funds are state-owned banks. The Group placed the majority of its cash and cash equivalents in these banks because they have the most extensive branch networks in Indonesia and are considered to be financially sound banks, as they are owned by the State.
Refer to Note 31 for details of related party transactions.