JAKARTA - PT Bussan Auto Finance (BA Finance) has paid off principal and last round of interest of Series A of its Shelf-Registration Bonds II Phase II Year 2022. Until June 2023, cash and bank were recorded at IDR 384.69 billion, much higher than cash and bank seen in December 2022 of IDR 273.25 billion.

In the information disclosure quoted Wednesday (13/12), Sigit Sembodo, Director of BA Finance, confirmed that the payment for Series A of its Shelf-Registration Bonds II Phase II Year 2022 was carried out through Indonesia Central Securities Depository (KSEI).

The principal was reported reaching IDR 655 billion, while the last round of interest is IDR 10.88 billion. The interest rate is set to 5.98% per annum, with a tenor of 370 days. These bonds were issued on December 2, 2022, maturing yesterday (12/12).

Until the first half of 2023, BA Finance scored total assets of IDR 13.88 trillion, almost matching total assets in December 2022 of IDR 13.91 trillion. Its equity was IDR 2.49 trillion, neck-to-neck with total equity in December 2022 of IDR 2.56 trillion.

In June 2023, BA Finance booked revenue of IDR 2.26 trillion, growing from IDR 2.09 trillion seen in June 2022. Financing became the main contributor to the revenue, increasing from IDR 2.04 trillion to IDR 2.21 trillion. Then, it was followed by interest income that rose from IDR 1.01 billion to IDR 1.35 billion, while other income dropped from IDR 54.25 billion to IDR 45.47 billion.

However, its current year’s net profit declined to IDR 163.79 billion from IDR 320.57 billion, due to swollen expenses from IDR 1.58 trillion to IDR 2.05 trillion. (LK/ZH)