CLIPAN FINANCE INDONESIA TBK.

Company Profile

PT Clipan Finance Indonesia Tbk (“the Company") was established under Act No. 47 dated

January 15th

, 1982, which changed by Deed No. 363 dated June 29th

, 1982, both made by

Ny. Kartini Muljadi, S.H., Notary in Jakarta.

In accordance with Article 3 of the Company Association, the scope of the main activities of

the Company are engaged in lease financing, factoring and consumer financing.

The Company incorporated in the Panin business group.

The Company is domiciled in Jakarta with office branches located in Denpasar, Bandung,

Medan, Yogyakarta, Lampung, Surabaya, Pekanbaru, Balikpapan, Semarang, Palembang,

North Jakarta, Depok, Tangerang, Bogor, Bekasi, Samarinda, Banjarmasin, Makassar and

marketing offices in Manado, Jambi, Tasikmalaya, Kemayoran and North Jakarta.

The head office is located at Wisma Slipi 6th

Floor, Jln. Letjen S. Parman Kav 12, Jakarta

11480.

August 2010

Disclaimer: The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.

C O M P A N Y R E P O R T C O M P A N Y R E P O R T

CFIN

TRADING ACTIVITIESFreq. Volume Value

Month High Low Close (X) (Thou. Sh) (Million Rp) Jan-06 405 340 370 596 37,964 14,854 19 Feb-06 365 350 355 39 5,215 1,869 11 Mar-06 370 340 350 104 4,144 1,456 14 Apr-06 400 340 375 1,075 37,536 14,273 18 May-06 395 340 350 350 10,211 3,855 18 Jun-06 365 305 350 106 6,461 2,169 12 Jul-06 360 305 325 83 1,316 430 11 Aug-06 350 310 325 129 5,969 2,020 18 Sep-06 355 315 350 559 29,299 10,112 20 Oct-06 360 330 355 853 16,005 5,530 17 Nov-06 395 350 370 827 31,860 11,884 22 Dec-06 405 360 385 498 29,318 11,215 19 Jan-00 - - - - - - - Jan-07 390 340 360 203 15,193 5,634 18 Feb-07 365 305 315 732 26,412 8,800 19 Mar-07 335 290 305 663 14,200 4,302 21 Apr-07 335 295 315 2,106 83,038 26,178 20 May-07 470 315 430 5,917 387,904 147,558 21 Jun-07 485 405 470 1,561 77,949 34,800 20 Jul-07 495 375 390 1,872 77,353 32,805 22 Aug-07 385 290 345 1,287 64,343 22,541 22 Sep-07 350 325 350 412 38,077 13,216 20 Oct-07 360 295 305 897 47,323 15,970 20 Nov-07 345 265 345 558 20,076 5,863 22 Dec-07 340 275 310 421 202,567 58,295 16 Jan-00 - - - - - - - Jan-08 315 260 305 667 31,488 9,226 20 Feb-08 305 275 305 305 12,530 3,647 19 Mar-08 300 220 295 342 18,170 4,908 18 Apr-08 290 245 280 363 23,502 6,389 22May 08 320 265 320 590 8 278 2 401 20

Day

Clipan Finance Indonesia Tbk

Closing Price

30

60

90

120

150

180

210

63

125

188

250

313

375

438

Jan 06 Jan 07 Jan 08 Jan 09 Jan 10

CLIPAN FINANCE INDONESIA TBKJANUARY 2006 - AUGUST 2010

CLOSING PRICE* AND TRADING VOLUMEClosing

Price* Volume (Mill. Sh)

140%

175%

210%

140%

175%

210%

Jakarta Composite IndexFinance IndexClosing Price

CHANGE OF CLOSING PRICE

JANUARY 2006 - AUGUST 2010FINANCE INDEX AND JAKARTA COMPOSITE INDEX

CFIN

May-08 320 265 320 590 8,278 2,401 20 Jun-08 370 310 340 651 17,532 5,813 21 Jul-08 340 290 315 135 3,781 1,216 22 Aug-08 315 270 315 91 1,021 295 19 Sep-08 305 200 305 151 14,321 3,938 18 Oct-08 260 173 185 41 194,039 36,381 13 Nov-08 - - 185 1 100 18 1 Dec-08 175 157 175 15 3,101 1,116 8 Jan-00 - - - - - - - Jan-09 183 153 160 27 612 102 9 Feb-09 160 160 160 4 41 6 3 Mar-09 167 130 158 418 3,022 485 6 Apr-09 179 147 154 6,527 141,493 23,510 20 May-09 205 152 185 1,689 44,690 7,752 20 Jun-09 230 180 210 736 20,590 4,168 22 Jul-09 220 186 205 9,015 121,971 24,798 21 Aug-09 210 190 199 6,525 86,999 17,452 20 Sep-09 215 194 199 8,441 104,915 21,271 18

SHARES TRADED 2006 2007 2008 2009 Aug-10 Oct-09 205 175 194 641 43,632 8,574 22Volume (Million Shares) 215 1,054 328 704 340 Nov-09 240 188 235 2,204 81,990 17,985 20Value (Billion Rp) 80 376 75 139 90 Dec-09 250 215 225 7,811 53,607 12,434 19Frequency (X) 5,219 16,629 3,352 44,038 32,652 Jan-00 - - - - - - - Days 199 241 201 200 166 Jan-10 255 220 255 16,372 128,616 30,081 20

Feb-10 260 225 225 4,471 25,387 6,094 19Price (Rupiah) Mar-10 275 225 255 1,637 49,763 12,629 22 High 405 495 370 250 335 Apr-10 335 255 325 2,358 48,441 14,273 21 Low 305 265 157 130 220 May-10 325 240 285 703 15,211 4,535 19 Close 385 310 175 225 310 Jun-10 320 270 305 493 10,672 3,211 22 Close* 321 310 175 225 310 Jul-10 325 290 295 2,261 27,626 8,427 22

Aug-10 320 285 310 4,357 34,261 10,448 21PER (X) 7.99 13.54 4.04 3.76 4.03 Sep-10 - - - - - - - PER Industry (X) 18.29 12.57 16.77 13.41 21.08 Oct-10 - - - - - - - PBV (X) 0.89 0.78 0.39 0.46 0.59 Nov-10 - - - - - - -

Dec-10 - - - - - - - * Adjusted price after corporate action

30

60

90

120

150

180

210

63

125

188

250

313

375

438

Jan 06 Jan 07 Jan 08 Jan 09 Jan 10

CLIPAN FINANCE INDONESIA TBKJANUARY 2006 - AUGUST 2010

CLOSING PRICE* AND TRADING VOLUMEClosing

Price* Volume (Mill. Sh)

-70%

-35%

-

35%

70%

105%

140%

175%

210%

-70%

-35%

-

35%

70%

105%

140%

175%

210%

Jan 06 Jan 07 Jan 08 Jan 09 Jan 10

Jakarta Composite IndexFinance IndexClosing Price

CHANGE OF CLOSING PRICE

JANUARY 2006 - AUGUST 2010FINANCE INDEX AND JAKARTA COMPOSITE INDEX

CFIN

Financial Data and RatiosPublic Accountant : Osman Bing Satrio & Rekan (Member of Deloitte Touche Tohmatsu) Book End : December

BALANCE SHEET Dec-2006 Dec-2007 Dec-2008 Dec-2009 Jun-2010(Million Rp except Par Value)Cash & Cash Equivalents 22,211 25,673 116,683 31,031 110,648O h R i bl 2 368 6 027 5 642 6 235 10 920

Clipan Finance Indonesia Tbk. CFIN

1,875Assets Liabilities

TOTAL ASSETS AND LIABILITIES(Billion Rupiah)

Other Recievables 2,368 6,027 5,642 6,235 10,920Consumer Financing Receivables 281,306 376,588 293,839 494,482 739,389Prepaid Expenses and Deferred Tax 1,285 3,866 10,217 6,445 7,975Fixed Assets 11,467 10,774 15,017 12,891 17,715Other Assets 387 413 461 497 507Total Assets 778,942 1,674,394 1,607,442 1,771,267 1,863,495Growth (%) 114.96% -4.00% 10.19% 5.21%

-

375

750

1,125

1,500

1,875

2006 2007 2008 2009 Jun-10

Assets Liabilities

TOTAL ASSETS AND LIABILITIES(Billion Rupiah)

Fund Borrowings 83,975 380,574 395,209 377,846 375,540Taxes Payable 7,278 4,056 6,233 23,921 20,813Total Liabilities 329,467 612,505 432,679 459,267 490,332Growth (%) 85.91% -29.36% 6.14% 6.76%

Authorized Capital (Shares) 4,160 4,160 4,160 10,412 10,412Authorized Capital 1,040,000 1,040,000 1,040,000 2,603,000 2,603,000Paid up Capital 260,554 650,825 650,825 650,825 650,825

-

375

750

1,125

1,500

1,875

2006 2007 2008 2009 Jun-10

Assets Liabilities

TOTAL ASSETS AND LIABILITIES(Billion Rupiah)

1,0621,175

1,3121,373

824

1,099

1,373

TOTAL EQUITY (Billion Rupiah)

Paid up Capital (Shares) 1,042 2,603 2,603 2,603 2,603Par Value 250 250 250 250 250Retained Earnings 188,799 263,512 376,486 513,723 574,886Total Equity 449,474 1,061,889 1,174,763 1,312,000 1,373,163Growth (%) 136.25% 10.63% 11.68% 4.66%

INCOME STATEMENTS Dec-2006 Dec-2007 Dec-2008 Dec-2009 Jun-2010Total Revenues 154,000 218,198 323,342 329,385 189,900

-

375

750

1,125

1,500

1,875

2006 2007 2008 2009 Jun-10

Assets Liabilities

TOTAL ASSETS AND LIABILITIES(Billion Rupiah)

449

1,0621,175

1,3121,373

-

275

549

824

1,099

1,373

2006 2007 2008 2009 Jun-10

TOTAL EQUITY (Billion Rupiah)

TOTAL REVENUES (Billion Rupiah)Growth (%) 41.69% 48.19% 1.87%

Expenses 84,728 123,950 165,295 127,221 56,728Other Income 69,272 - - - -Earning Before Tax 69,272 94,247 158,047 202,164 133,172Growth (%) 36.05% 67.69% 27.91%

-

375

750

1,125

1,500

1,875

2006 2007 2008 2009 Jun-10

Assets Liabilities

TOTAL ASSETS AND LIABILITIES(Billion Rupiah)

449

1,0621,175

1,3121,373

-

275

549

824

1,099

1,373

2006 2007 2008 2009 Jun-10

TOTAL EQUITY (Billion Rupiah)

154

218

323 329

190

66

132

198

264

329

TOTAL REVENUES (Billion Rupiah)

Net Tax 19,071 19,534 45,173 51,911 32,959Net Income 50,200 74,714 112,874 150,253 100,213Growth (%) 48.83% 51.08% 33.12%

RATIOS Dec-2006 Dec-2007 Dec-2008 Dec-2009 Jun-2010Dividend (Rp) - - 5.00 15.00 -EPS (Rp) 48.17 28.70 43.36 57.72 38.49

-

375

750

1,125

1,500

1,875

2006 2007 2008 2009 Jun-10

Assets Liabilities

TOTAL ASSETS AND LIABILITIES(Billion Rupiah)

449

1,0621,175

1,3121,373

-

275

549

824

1,099

1,373

2006 2007 2008 2009 Jun-10

TOTAL EQUITY (Billion Rupiah)

154

218

323 329

190

-

66

132

198

264

329

2006 2007 2008 2009 Jun-10

TOTAL REVENUES (Billion Rupiah)

113

150

100120

150

NET INCOME (Billion Rupiah)

BV (Rp) 431.27 407.90 451.26 503.98 527.47DAR (X) 0.42 0.37 0.27 0.26 0.26DER(X) 0.73 0.58 0.37 0.35 0.36ROA (%) 8.89 5.63 9.83 11.41 7.15ROE (%) 15.41 8.88 13.45 15.41 9.70OPM (%) 44.98 43.19 48.88 61.38 70.13NPM (%) 32.60 34.24 34.91 45.62 52.77Payout Ratio (%) - - 11.53 25.99 -Yield (%) - - 2.86 6.67 -

-

375

750

1,125

1,500

1,875

2006 2007 2008 2009 Jun-10

Assets Liabilities

TOTAL ASSETS AND LIABILITIES(Billion Rupiah)

449

1,0621,175

1,3121,373

-

275

549

824

1,099

1,373

2006 2007 2008 2009 Jun-10

TOTAL EQUITY (Billion Rupiah)

154

218

323 329

190

-

66

132

198

264

329

2006 2007 2008 2009 Jun-10

TOTAL REVENUES (Billion Rupiah)

50

75

113

150

100

-

30

60

90

120

150

2006 2007 2008 2009 Jun-10

NET INCOME (Billion Rupiah)

( )

-

375

750

1,125

1,500

1,875

2006 2007 2008 2009 Jun-10

Assets Liabilities

TOTAL ASSETS AND LIABILITIES(Billion Rupiah)

449

1,0621,175

1,3121,373

-

275

549

824

1,099

1,373

2006 2007 2008 2009 Jun-10

TOTAL EQUITY (Billion Rupiah)

154

218

323 329

190

-

66

132

198

264

329

2006 2007 2008 2009 Jun-10

TOTAL REVENUES (Billion Rupiah)

50

75

113

150

100

-

30

60

90

120

150

2006 2007 2008 2009 Jun-10

NET INCOME (Billion Rupiah)