Limited Liability Company (Perseroan Terbatas/PT)

Limited Liability Company (PT) (Dutch: Naamloze Vennootschap) is a legal entity to run
a business whose capital consists of shares, whose owners own as much share as it owns.
Because the capital consists of tradable shares, changes in company ownership can be
made without the need to dissolve the company.
A limited liability company is a business entity and the amount of the company's
capital is stated in the articles of association. The company's assets are separated
from the personal assets of the company owners so that they have their own assets. Each
person can own more than one share which is proof of ownership of the company.
Shareholders have limited liability, which is as many shares as owned. If the company's
debt exceeds the company's assets, then the excess debt is not the responsibility of
the shareholders.
Shareholders will receive a share of the profits called dividends, the amount of which
depends on the size of the profits obtained by the limited liability company.
Apart from stocks, PT capital can also come from bonds. The advantage that bond owners
get is that they get fixed interest regardless of the profit or loss of the limited
liability company.

Terms of establishment
General requirements for the establishment of a Limited Liability Company:
• Photocopy of KTP of shareholders and management, at least 2 people
• Photocopy of the person in charge / Director KK
• Responsible NPWP number
• Photograph of the person in charge, size 3X4 (2 colored sheets)
• Photocopy of last year's PBB according to company domicile
• Photocopy of contract / office lease or proof of ownership of business premises
• Domicile certificate from the building manager if domiciled in an Office Building
• RT / RW certificate (if needed, for companies domiciled in a residential area)
specifically outside Jakarta
• The office is located in an office / plaza, or shop, or not in a residential area.
• Ready to be surveyed
Requirements for the establishment of a PT formally based on Law no. 40/2007 are as
follows:
• Founders of at least 2 people or more (article 7 paragraph 1)
• Notary Deed in Indonesian
• Each founder must subscribe for shares, except for the purpose of consolidation
(article 7 paragraph 2 and paragraph 3)
• The deed of establishment must be legalized by the Minister of Justice and announced
in the BNRI (art. 7 paragraph 4)
• Minimum authorized capital of Rp. 50 million and paid up capital of at least 25% of
the authorized capital (articles 32 and 33)
• At least 1 director and 1 commissioner (article 92 paragraph 3 & article 108
paragraph 3)
• Shareholders must be Indonesian citizens or legal entities established under
Indonesian law, except for foreign investing limited liability company (PT. PMA)

Establishment mechanism
To establish a PT, it must use an official deed (deed made by a notary public) which
includes the other name of the limited liability company, capital, line of business,
company address, and others. This deed must be approved by the Minister of Law and
Human Rights of the Republic of Indonesia (formerly the Minister of Justice). To obtain
permission from the minister of justice, must meet the following requirements:
• Limited liability companies do not conflict with public order and morals
• The deed of establishment meets the requirements stipulated by law
• The minimum issued and paid-up capital is 25% of the authorized capital. (in
accordance with Law No.1 of 1995 & Law No.40 of 2007, both of which are about limited
liability companies)
After obtaining approval, before the existence of the Law on Limited Liability
Companies (Law No.1 of 1995) Limited Liability Companies must be registered with the
local District Court, but after the enactment of Law No. 1 of 1995, then the deed of
establishment must be registered at the Company Registration Office (according to the
Compulsory Company Registration Law of 1982) (in other words, it is no longer necessary
to be registered with the district court, and developments but subsequently according
to Law No. the Company Registration Office is also eliminated. Meanwhile, the
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announcement stage in the State Gazette of the Republic of Indonesia (BNRI) remains
valid, only when Law No.1 of 1995 comes into effect the announcement is an obligation
of the Board of Directors of the PT concerned but in accordance with Law No. amended to
become the authority / obligation of the Minister of Law and Human Rights.
After this stage has been passed, the company has become a legal entity and the limited
liability company becomes itself and can enter into agreements and the company's assets
are separated from the assets of the owner.
The authorized capital of the company is the amount of capital stated in the deed of
establishment up to the maximum amount when all shares are issued. Apart from
authorized capital, in a limited liability company there is also issued capital, paid-
up capital and paid-up capital. The issued capital is the amount committed to be
included, which at the time of its establishment is the amount submitted by the
founding Persero. Paid up capital is capital that is put in the company. Paid capital
is capital that is realized in the amount of money.

Establishment procedure
Whenever someone is about to establish a limited liability company, the founders, which
usually consist of 2 or more people, perform legal actions as mentioned below:
• First, the founders came to the notary office to be asked to make a deed of
establishment of a Limited Liability Company. The so-called deed of establishment
includes the articles of association of the Limited Liability Company concerned. These
articles of association were drawn up by the founders as a result of their
deliberations. If the founders feel that they are not able to make the articles of
association, the implementation can be submitted to the notary concerned. [1]
• Second, after the establishment deed is completed, the notary sends the deed to the
Head of the Civil Directorate, Ministry of Justice. The founders can also bring the
deed of establishment themselves to ask for approval from the Minister of Justice, but
in this case the Head of the Civil Directorate must have a cover letter from the notary
concerned. If the examination of the establishment deed of the Limited Liability
Company does not experience difficulties, then the Head of the Civil Directorate on
behalf of the Minister of Justice issues a decree ratifying the deed of establishment
of the Limited Liability Company concerned. If there are things that need to be
changed, the changes must be stipulated again with a notarial deed in addition to the
previous notarial deed. Additional notary deeds must be approved by the Department of
Justice. After that, the final decision letter from the Ministry of Justice was
determined regarding the deed of establishment of the Limited Liability Company
concerned. [2]
• Third, the founders or one of their proxies or their proxies, bring the deed of
establishment that has been approved by the Ministry of Justice along with a decision
letter of ratification from the Ministry of Justice to the Registrar's Office of the
District Court which is in charge of the domicile of the Limited Liability Company to
be registered. The clerk in charge of this matter issues a notification letter to the
notary concerned that the deed of establishment of the PT has been registered in the
register book of PT. [3]
• Fourth, the founders brought the deed of establishment of the PT along with a
decision letter regarding the endorsement from the Ministry of Justice, as well as a
letter from the district court clerk regarding the registration of the deed of
establishment of the PT to the State Printing office, which published the Supplement to
the State Gazette of the Republic of Indonesia. After the deed of establishment of the
PT was announced in the Supplement to the State Gazette of the Republic of Indonesia,
the PT concerned was legally a legal entity. [4]

Capital structure
The company has its own assets apart from the assets of each shareholder of the
company. Included in the assets of a limited liability company is capital, which
consists of:
• Company capital or authorized capital, namely the maximum amount of capital stated in
the deed of establishment. The provisions of authorized capital are regulated in
articles 31-32 of Law No.40 of 2007. The authorized capital of the company consists of
the entire nominal value of the shares. (Article 31 (1)) The basic capital is at least
Rp. 50,000,000.00 (Article 32 paragraph 1).
• The committed or issued capital is regulated in article 33 of Law no. 40 of 2007. At
least 25% of the authorized capital as referred to in Article 32 must be issued and
fully paid up (Article 33 paragraph 1).

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• Paid-in capital, namely the capital that has actually been paid up by the
shareholders in the company's treasury. It is regulated in article 34 of Law No.40 of
2007. Payment for share capital can be made in the form of money and / or in other
forms (Article 34 paragraph 1). Payment for share capital is further regulated in
Article 34 paragraph 2 and 3.
Amendments to the amount of the company's capital must be approved by the Minister of
Justice, after which it is registered and then announced as usual.

Division
PT is open
A public company is a limited liability company that sells its shares to the public
through the capital market (go public). So the shares are offered to the public, traded
through the stock exchange. Examples of PT.Terbuka are PT Telekomunikasi Indonesia
(Persero) Tbk, PT Perusahaan Gas Negara (Persero) Tbk, PT Bank Central Asia Tbk, and
others.
PT closed
A closed limited liability company is a limited liability company whose capital comes
from certain circles, for example the shareholders are only from relatives and family
or people from a limited circle and are not sold to the public.
PT is empty
An empty limited liability company is a company that already has a business license and
other permits but has no activities.

Distribution of authority in limited liability companies

In a limited liability company, apart from separate company assets and capital owner
assets, there is also a separation between the company owner and the company manager.
Company management can be submitted to experts in their fields (professionals). The
limited liability company organizational structure consists of shareholders, directors,
and commissioners.
In PT, the shareholders, through their commissioners, delegate their authority to the
board of directors to run and develop the company in accordance with the objectives and
line of business of the company. In connection with these duties, directors are
authorized to represent the company, enter into agreements and contracts, and so on. If
there is a very large loss (more than 50%), the board of directors must report it to
shareholders and third parties, for later meeting.
Commissioners have the function of supervising the performance of the company's board
of directors. Commissioners can check the books, reprimand the board of directors, give
instructions, even if necessary, dismiss the board of directors by holding a GMS to
make a decision whether the board of directors will be dismissed or not.
In the General Meeting of Shareholders (RUPS/Rapat Umum Pemegang Saham), all
shareholders, no matter how small or large, their shares have the right to vote. The
GMS itself discusses issues related to performance evaluation and company policies that
must be implemented immediately. If the shareholder is absent, he or she can cast their
votes to other holders which is called a proxy. The results of the AGM are usually
delegated to the commissioners to be forwarded to the directors to run.
GMS Contents:
• Determine directors and appointment of commissioners
• To dismiss the board of directors or commissioners
• Determine the amount of salary for directors and commissioners
• Evaluating company performance
• Decide on the plan to increase / decrease the company's shares
• Determine company policies
• Announcing the distribution of profits (dividends)

Advantage
The main advantages of forming a limited liability company are:
1. Limited liability. Unlike partnerships, the shareholders of a company have no
liability for the company's bonds and debts. As a result the "limited" potential losses
cannot exceed the amount they paid for the shares. Not only does this allow the company
to engage in risky ventures, but limited liability also forms the basis for trading in
the company's stock.
2. The period of eternal life. The assets and structure of a company can pass the
lifetime of its shareholders, officers or directors. This leads to stability of
capital, which can be an investment in a larger project and in a longer term than the
company's fixed assets can be subject to dissolution and dispersal. This excess was
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also very important in the medieval period, when land was donated to the Church (a
company) which would not collect the feudal costs that a landlord could claim when the
land owner died. For this, see Statute of Mortmain. # Management efficiency. Management
and specialization allow for efficient management of capital allowing for expansion.
And by placing the right people, the maximum efficiency of existing capital. And also
there is a separation between the manager and owner of the company, so that the main
duties and functions of each can be seen.

Weakness
1. Licensing and organizational complexity. To establish a PT is not easy. In addition
to the high cost, PT also requires a notary deed and special permits for certain
businesses. Then with the size of the company, the organizing costs will come out very
large. Not to mention the complexity and constraints that occur at the personnel level.
Relationships between individuals are also more formal and appear rigid.

Matters of GMS results

Get approval
According to the Limited Liability Company Law Number 40 of 2007 [6] matters from the
GMS results that need to be approved by the Minister of Law and Human Rights are:
1. Change in the name of the company and / or the domicile of the company;
2. Changes in Purpose and Objectives and the company's business activities;
3. Changes in the period of establishment of the Company;
4. Changes in the amount of authorized capital;
5. Changes in the reduction of issued and paid up capital; and / or
6. Change of the Company from closed to open status or vice versa
Just be registered
Meanwhile, the results of the GMS that are sufficient to be registered are:
1. Appointment and dismissal of the Board of Commissioners and Directors
2. Additional issued or paid-up capital

Limited Liability Company Organs.

The organs of a Limited Liability Company (PT) are regulated in Law No. 40 of 2007 on
Limited Liability Companies (PT Law). According to the PT Law, there are 3 important
organs in PT. Article 1 point 2 of the PT Law states, PT organs are the General Meeting
of Shareholders (GMS), the Board of Directors and the Board of Commissioners. Each of
these organs has a different function and authority. The General Meeting of
Shareholders (GMS) of PT conducts its business activities using authorized capital
which is divided into shares. Every PT founder is obliged to take a share of shares
when the PT is established. Apart from the founders of the Company, third parties can
also become shareholders. The shareholders in the Company are part of the GMS. Article
1 point 4 of the PT Law states that the GMS is an organ of a PT that has powers other
than those granted to the Board of Directors or the Board of Commissioners. In other
words, the GMS is the highest organ in PT. In practice, shareholders may be appointed
as directors or commissioners. However, their authority differs when they become
shareholders or when they become directors or commissioners. Generally, when starting a
business and then establishing a PT, the business owner becomes a shareholder and also
shares roles as directors and commissioners. Sometimes later, because they do not
understand, there is still confusion over the authority of PT. So there is a
misunderstanding. Because the founder and co-founder are both shareholders, sometimes
they feel they have the same authority in establishing cooperation. Even though only
the directors are authorized to represent PT. On the other hand, when they want to use
or take advantage of the company, the shareholders do not hold a GMS first to determine
the profits of the PT and distribute dividends.

General Meeting of Shareholders (GMS)

PT conducts its business activities using authorized capital which is divided into
shares. Every PT founder is obliged to take a share of shares when the PT is
established. Apart from the founders of the Company, third parties can also become
shareholders. The shareholders in the Company are part of the GMS. Article 1 point 4 of
the PT Law states that the GMS is an organ of a PT that has powers other than those
granted to the Board of Directors or the Board of Commissioners. In other words, the
GMS is the highest organ in PT. In practice, shareholders may be appointed as directors
or commissioners. However, their authority differs when they become shareholders or
when they become directors or commissioners. Generally, when starting a business and
then establishing a PT, the business owner becomes a shareholder and also shares roles
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as directors and commissioners. Sometimes later, because they do not understand, there
is still confusion over the authority of PT. So there is a misunderstanding. Because
the founder and co-founder are both shareholders, sometimes they feel they have the
same authority in establishing cooperation. Even though only the directors are
authorized to represent PT. On the other hand, when they want to use or take advantage
of the company, the shareholders do not hold a GMS first to determine the profits of
the PT and distribute dividends.

Directors
According to Article 1 point 5 of the PT Law, the Board of Directors is a PT organ that
is authorized and fully responsible for the management of PT. The management must be in
accordance with the interests of the PT, in accordance with the aims and objectives of
PT. The Board of Directors can also represent PT both inside and outside the court in
accordance with the provisions of the articles of association. What must be paid
attention is that the board of directors may not act outside the company's goals and
objectives as outlined in the Company Law and Article 3 of the company's articles of
association. If the board of directors conducts cooperation or transactions with other
parties outside of the company's line of business, then these actions become the
personal responsibility of the directors and only bind the board of directors, not
binding on the company. If there is a loss in the cooperation, it will bind to the
directors personally. Thus, he must be responsible for compensating for losses to his
personal property. Therefore, directors must be careful and understand the limits of
their authority as directors.

Commissiaries
According to Article 1 point 6 of the PT Law, the Board of Commissiaries is an organ of
a PT which is tasked with conducting general or specific supervision in accordance with
the articles of association of PT. In addition, the board of commissiaries is
responsible for providing advice to the Board of Directors regarding the management of
PT. The duties of the board of commissiaries must not conflict with the PT Law and the
articles of association of PT. In the context of supervision, the commissioner may
temporarily dismiss the board of directors if the director commits an act that violates
the Company provisions or the articles of association of the company. The goal is to
avoid further violations of the directors so as not to harm the company. However,
within 30 days, a GMS must be held to decide whether the dismissal of the board of
directors is permanent and to hold the board of directors accountable. Or even
reappointing the board of directors to their positions if the GMS determines the
directors are innocent

Each organ has the authority and responsibility. Thus, to protect the interests of the
PT, each organ can even file a lawsuit if there is an action by another organ that is
detrimental to the company. This is where what is meant by the independence of a
limited liability company. PT is a legal entity that can act according to the purpose
of its establishment. On the other hand, if there is an organ of the PT that is
detrimental to the PT, the PT can file a lawsuit against the shareholders, directors or
commissioners of the company for causing losses due to their actions.

Stock/Share
Stock is a proof of ownership of the value of a company. This means that the owner of
the shares is the owner of the company. The bigger the shares owned, the greater the
power in the company. By issuing shares, it allows companies requiring long-term
funding to 'sell' an interest in the business - shares (equity securities) - in
exchange for cash. This is the primary method for raising business capital in addition
to issuing bonds. Shares are sold through the primary market or secondary market.
Stocks are one of the most popular financial market instruments. Issuing shares is one
of the company's options when deciding to fund the company. On the other hand, stocks
are an investment instrument that many investors choose because they are able to
provide attractive returns.
Shares can be defined as a sign of an individual's or party's (business entity's)
equity participation in a company or limited liability company. By including this
capital, the party has a claim on company income, a claim on company assets, and is
entitled to attend the General Meeting of Shareholders (GMS)

Share history
Type
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There are several types of shares, namely common stock and preferred stock. Preferred
stocks are usually referred to as mixed stocks because they have almost the same
characteristics as common stock. Usually, common stock only has one type, but in some
cases there are more than one, depending on the company's needs. Common stock has
several types, such as class A, class B, class C, and others. Each class with its own
advantages and disadvantages and the letter symbols do not mean anything.

Characteristic features
Preferred stock
Preferred stock has the following characteristics:
• Has multiple levels, can be published with different characteristics
• Claims on assets and income have higher priority than common stock in terms of
dividend distribution
• Cumulative dividends, if not paid from the previous period, can be paid in the
current period and ahead of ordinary shares
• Convertibility, can be exchanged into ordinary/common shares, if an agreement between
shareholders and the issuing organization is formed

Common stock
Has the following characteristics:
• Shareholders' voting rights may elect the board of commissioners
• Priority rights, if the issuing organization issues new shares
• Liability is limited to a given number only

Category
When viewed from trading performance, stocks can be grouped into:
1. Blue chip stocks, common stock that have a high reputation, as a leader in the
industry, have a stable income and pay dividends consistently.
2. Income stocks, stocks of an issuer with the ability to pay dividends that are higher
than the average dividends paid in the previous year
3. Growth stocks, consisting of well-known and lesser-known
4. Speculative stocks, stocks that consistently earn income from year to year, have a
high probability of earning in the future, but not certain
5. Cyclical stocks, stocks that are not affected by macroeconomic conditions or
business situations in general
6. Emerging Growth Stocks, stocks issued by issuers that are relatively small and
stable despite unfavorable economic conditions
7. Defensive Stocks, stocks that remain stable from a period of uncertainty and
recession.
Application
The public can buy common stock on the stock exchange through a broker. In Indonesia,
the purchase of shares must be made in a multiple of 100 shares or also known as 1 lot.
Fractional stocks (not round 100 sheets) can be traded over the counter. One of the
goals of society to buy shares is to make a profit by:
1. Increase in capital value (capital gain).
2. Get dividends.

The offering of the Company's shares to the public for the first time before listing on
the stock exchange is called an Initial Public Offering (IPO), whereas if it is
registered (listing) and the company wants to increase its outstanding shares by giving
prior rights to the old shareholders to buy it, it is called Pre-emptive Rights
( HMETD) or also known as Right Issue.
Several Indonesian companies did dual listing of shares on the Jakarta Stock Exchange
and the New York Stock Exchange. Shares that are traded on the NYSE are commonly known
as American Depositary Receipt (ADR). Share prices, can go up or down, in line with the
existing circumstances. Like during the monetary crisis on September 15, 1998, the
Composite Stock Price Index (IHSG) is also a barometer for stocks in Indonesia to fall
to a value of 292.12 points. In September, the JCI reached its lowest score of 254
points. This causes domestic stocks to be under value. In the 2002-2007 period, the
JCI has recovered and even broke several records. For example, in 2006 and 2007 IHSG
positioned itself as one of the best performing indexes in the world (ranked 2nd after
China, reaching the level of 2,745,826 points). On December 11, 2007, the JCI reached
the level of 2,810,262 points while making history as the highest index level in
Indonesia's history. In addition, the JCI experienced an annual average increase of
42.18% as the highest index movement compared to an increase in the index in Asia.
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Share trading mechanism in Indonesia
The first thing that needs to be done is that investors must first become customers of
securities companies. In this case it is known as a securities company, which is a
company that acts as an intermediary or broker between investors and the Indonesia
Stock Exchange (IDX) in carrying out share buying and selling transactions.
Currently, as of March 31, 2018, there are 108 securities companies that have been
registered as Exchange Members on the IDX and the Financial Services Authority (OJK).
And every investor has the right to choose which securities company to partner with in
investing in the stock market.
And as for the types, in the stock market there are two terms, namely:
1. 'Red plate or BUMN' securities companies
2. Private Securities Companies
Especially for the first type, it is another name for a securities company managed by a
government company or BUMN. Meanwhile, the second one is established and managed by a
company that is outside of the government's business.
Generally, investors open accounts by paying a deposit of IDR 25 million, while others
require IDR 15 million and so on. The amount deposited varies. Basically, the minimum
limit or nominal amount of buying shares does not exist but at the Indonesia Stock
Exchange a minimum purchase of 100 shares or 1 lot, for example the price of XYZ
company shares is IDR 100.00, the minimum funds required to buy one lot are equal to
IDR 10,000.00 (100 sheets multiplied by Rp. 100.00). Sales or purchase transactions can
be made on Exchange Day.

Place of trade
Other places to buy shares besides the IDX / Indonesia Stock Exchange (Indonesia),
namely the Nasdaq / Nasdaq Stock Market (United States), NYSE / New York Stock Exchange
(New York), SEAQ / Stock Exchange Automated Quotations (London), Euronext (merger stock
market between Paris, Amsterdam and Brussels), TSE / Tokyo Stock Exchange (Tokyo),
SGX / Singapore Exchange (Singapore) and other trading places (there are approximately
69 trading places / stock exchanges worldwide).
Sell empty
Typically, the first thing an investor does is buy a stock and then sell it. With short
selling, what happens is the opposite. First, shares are sold and then repurchased.
This method allows investors to benefit from lower share prices. This is done by means
of which investors borrow a stock from a broker and sell it. Furthermore, the short-
seller must buy the same shares to replace shares that have been borrowed. This
activity is called replacing an empty position (covering short position)

Dividend
Dividend is the distribution of the company's profit to shareholders based on the
number of shares it owns. This division will reduce retained earnings and cash
available to the company, but the distribution of profits to the owners is the main
objective of a business.

Types of dividends
Dividends can be divided into five types within the company as follows:
1. Cash dividends; the most common method for profit sharing. Paid in cash and taxed in
the year it was issued. Public companies usually pay these dividends periodically
between two to four times a year and these dividends are usually taxed according to the
rules in effect at the time the dividends are issued.
2. Share dividends; quite commonly done and paid in the form of additional shares,
usually calculated based on the proportion of the number of shares owned by the
shareholders. This method is similar to a stock split because it is done by increasing
the number of shares while reducing the value of each share so that it does not change
the market capitalization. So, shareholders will receive more shares after getting this
share dividend.
3. Property dividends; paid in the form of assets. Dividend distribution in this way is
rarely used. This type of dividend distribution is rarely used by companies because it
is difficult to calculate. Companies that make property dividends usually because the
cash in the company has already entered into investments in other companies.
4. Dividends script; dividends paid in the form of a debt promise. The company will pay
this dividend at a predetermined time and amount in accordance with the promissory
note. In addition, these notes will bear interest until the money is paid to the

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shareholders. Dividend script is used because of the reduced cash supply in the company
which will cause the company to have short-term debt to the holder of the letter.
5. Liquidation dividends; interpreted as a form of return on capital. This applies if
the company is about to go bankrupt. The company will issue liquidation dividends if it
still has a small amount of wealth left, otherwise if there is no remaining assets, the
shareholders will not receive dividends.
A company may not distribute dividends even though it earns a profit, if in that case
the company wants to use the company's profits for the purpose of expanding or
developing future businesses or the company's ongoing projects.

Term on dividends
Dividend Payout Ratio (DPR)
Dividend Payout Ratio (DPR) is the ratio of how much the company's profit is divided
into dividends to shareholders. Simple example:
• Net profit of PT. ABC is IDR 1,000,000,000.
• PT. ABC decided to distribute dividends of Rp. 500,000,000 to shareholders.
• DPR = 500,000,000 / 1,000,000,000 x 100% = 50%.
So, the Dividend Payout Ratio (DPR) from PT. ABC is 50%.

Dividend Per Share (DPS)

Dividend Per Share (DPS) is dividend per share. This figure is obtained from the
distribution of the company's dividends with the total number of shares.
Simple example:
• PT. ABC decided to distribute dividends of Rp. 500,000,000 to shareholders.
• The total number of shares of PT. ABC is 1 million sheets.
• DPS = 500,000,000 / 1,000,000 = IDR 500, -.
So, the dividend per share (DPS) or dividends per share received by the shareholders is
IDR 500.

Dividend Yield
Dividend yield is the ratio of how much dividends the company distributes to the price
of shares currently in circulation.
Simple example:
• Dividend Per Share (DPS) from PT. ABC is Rp. 500, -.
• The share price of PT. ABC is IDR 10,000.
• Dividend yield = 500 / 10,000 x 100% = 5%.
So, the dividend yield from PT. ABC is 5%.