PT SMI Has Deposited Taxes And Dividends Worth IDR 8.1 Trillion

JAKARTA - PT Sarana Multi Infrastruktur Indonesia (Persero) or PT SMI has deposited IDR 8.1 trillion into the state as of September 2024, in the form of tax payments worth IDR 4.44 trillion and dividends of IDR 3.66 trillion.

"The contribution we have tied to the state in the form of tax revenue and a total dividend of Rp. 8.1 trillion," said PT SMI President Director Reynaldi Hermansjah during a hearing (RDP) with Commission XI DPR RI, in Jakarta, quoted from Antara, Wednesday, November 20.

Meanwhile, the company's financial performance remains good. The company's total assets as of September 2024 amounted to IDR 115.6 trillion, with financing assets of around IDR 93 trillion. Meanwhile, equity was recorded at IDR 43.5 trillion.

The company's net profit reached IDR 1.8 trillion. The position of the non-performing loan (NPL) ratio is still below 1 percent, to be precise 0.43 percent. In terms of the efficiency ratio (cost efficiency ratio/CER) 20.84 percent. The relative loan rate is at a low level of 1.75 percent.

As for its role as a catalyst for infrastructure development, PT SMI's total project financing will reach IDR 1,090 trillion by September 2024.

The total paid-up capital (PMN) is IDR 30 trillion. The multiplier effect of the capital reached 35.71 times, with project distributions covering Java, Sumatra, Sulawesi, and several other major islands. The financed projects are spread over the road sector (including toll roads), electricity, transportation, drinking water, and telecommunications.

In terms of financing, business entities contributed 56 percent, local governments 26 percent, and sharia financing of 10 percent.

The proceeds from this financing include an energy supply of 7.7 GW which flows 5.9 million households, the construction of airports, ports, railroads, and train carriages.

In total, PT SMI has supported 111 national strategic projects (PSN) and/or the National Medium Term Development Plan (RPJMN) with a commitment value of Rp110.7 trillion from the total project value of Rp691.8 trillion.

In addition, public financing until September 2024 reached IDR 38.98 trillion, consisting of IDR 35.27 trillion for the 2020-2021 COVID-19 Program (COVID-19 crisis) and IDR 3.7 trillion for regional regular financing in the hospital, road and market sectors.