Indonesia Stock Exchange Annual Work Plan and Budget (RKAT) 2014

Approval of the Indonesia Stock Exchange Annual Work Plan and Budget (RKAT) For The Year 2014

Indonesia Stock Exchange (“IDX”) conducted Extraordinary General Meeting of Shareholders (“EGMS”) on Wednesday, 17 October 2013 at The Ritz Carlton Pacific Place, Jakarta. In the EGMS, IDX presented Annual Work Plan and Budget (RKAT) for the year 2014 using assumptions of several economic indicators for the year 2014 namely Economic Growth 6.50%, Inflation rate 4.50%-5.50%, 3-Month SBI Interest Rate  6.50%, IDR Deposit Rate 6.50%, and IDR Exchange Rate to Rp10.500 per US$.
In relation with trading activity and stock transaction fee revenue, IDX estimates that the stock average daily trading value in 2014 will reach IDR7 trillion in a total of 244 trading days. IDX also targets to have 30 new listed companies (IPO), 60 listed companies with additional stock listing (right issue and bonus share), 57 new corporate bonds issuances, and 65 new government bond series. The average daily trading volume of Government Bonds (SBN) reported through the Centralized Trading Platform Value Added Service (CTP VAS) is predicted to reach IDR4.03 billion and the average daily trading volume of corporate bonds will reach IDR1.71 billion.
Based on the assumptions used for 2014, IDX is projected to gain IDR653.54 billion of Net Operating Income, which will derive from IDR706.53 billion of Net Operating Revenue deducted by IDR52.99 billion of Operating Revenue with the Non-Tax State Revenues (PNPB). IDX further estimates that it will gain Other Income up to IDR93.65 billion,the IDX Total Revenue for the year 2014 is IDR747.19 billion. Moreover, the IDX Operating Expenses for the year 2014 is IDR620.34 billion so the Income Before Tax is IDR126.85 billion. deducting the estimated tax of IDR11.02 billion, the Net Income After Tax is estimated to reach IDR115.83 billion. the other hand, it is projected that IDX’ investment in 2014 increase by 15.85% to IDR103.81 billion compared to the revised 2013 RKAT that reached IDR89.61 billion. The increase is due to 2014 planning whereas IDX will initiate a strategic investment in the field of information technology on trading systems, capital market education system for market development, listed companies reporting systems, and integrated office system. Investment in information technology will include investments in the development of Trading System Testing Tools which is amounted to IDR5.32 billion, the development of Enterprise Resource Planning (integrated office system) amounted to IDR10.25 billion, the development of eXtensible Business Reporting Language (XBRL)  for listed companies reporting amounted to IDR4.82 billion, the development of Capital Market Education system amounted to IDR1 billion and the development of infrastructure related to the implementation of ticker code changing amounted to IDR1 billion.
The other dominant posts are the continuation of the previous year's investment consist of: Investment Datafeed Fixed Income, which is edged up by 2.25% to IDR3.50 billion, Hardware/Software Trading which is increased by 2.94% to  IDR3.26 billion, Hardware/Software Office is increased significantly by 108.71% to IDR5.44 billion, the continuity of the purchase plan of the office of Capital Market Information Center (PIPM) amounted IDR50 billion, and the renovation of PIPM office room which is decreased by 18.92% to IDR6.36 billion.
The IDX Total Asset in 2014 is predicted IDR1.7 trillion or increased by 10.32% from the Revised-2013 RKAT. Mean while, Ending Balance of Cash and Cash Equivalents (including short term investments) in 2014 is projected to reach IDR1.08 trillion.
In today's EGMS, President Director of IDX Ito Warsito delivered his optimism to the shareholders that IDX will show its optimum performance in 2014. IDX is committed to continue the development of its trading system to create a reliable capital market infrastructure and system, as well as to continue the development program of qualified listed companies and exchange members. IDX also have strategic initiatives to improve trust in Indonesian Capital Market which later will improve market liquidity. Moreover, IDX continuously does socialization and capital market education to public to increase the number of local investors and qualified listed companies in order to create a globally competitive stock exchange.
The IDX’ EGMS was attended by 109 shareholders or 96.46% of the total shareholders with voting rights.
The above has herewith been brought to public attention.
CORPORATE SECRETARY
INDONESIA STOCK EXCHANGE
MEDIA CONTACT: IRMAWATI AMRAN