1.
Arms industry
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The arms industry, also known as the defense industry or the arms trade, is a global industry responsible for the manufacturing and sales of weapons and military technology. It consists of a commercial industry involved in the research and development, engineering, production, and servicing of military material, equipment, and facilities. Arms-producing companies, also referred to as arms dealers, defense contractors, or as the industry, produce arms for the armed forces of states. Departments of government also operate in the industry, buying and selling weapons, munitions. An arsenal is a place where arms and ammunition are made, maintained and repaired, stored, or issued, in any combination, the arms industry also provides other logistical and operational support. Stockholm International Peace Research Institute estimated in 2012 that 2012 military expenditures were roughly 1.8 trillion United States dollars and this represents a relative decline from 1990 when military expenditures made up 4% of world GDP. Part of the money goes to the procurement of military hardware, the combined arms sales of the top 100 largest arms-producing companies amounted to an estimated $395 billion in 2012 according to SIPRI. In 2004 over $30 billion were spent in the arms trade. According to SIPRI, the volume of transfers of major weapons in 2010–14 was 16 per cent higher than in 2005–2009. The five biggest exporters in 2010–2014 were the United States, Russia, China, Germany and France, and the five biggest importers were India, Saudi Arabia, China, many industrialized countries have a domestic arms-industry to supply their own military forces. Some countries also have a legal or illegal domestic trade in weapons for use by its citizens, primarily for self-defense. Illegal trade in small arms occurs in countries and regions affected by political instability. The Small Arms Survey estimates that 875 million small arms circulate worldwide, contracts to supply a given countrys military are awarded by governments, making arms contracts of substantial political importance. Various corporations, some publicly held, others private, bid for these contracts, other times, no bidding or competition takes place. The modern arms industry emerged in the half of the nineteenth century as a product of the creation and expansion of the first large military-industrial companies. In 1854, the British government awarded a contract to the Elswick Ordnance Company of industrialist William Armstrong for the supply of his latest breech loading rifled artillery pieces and this galvanised the private sector into weapons production, with the surplus being increasingly exported to foreign countries. Armstrong became one of the first international arms dealers, selling his weapon systems to governments across the world from Brazil to Japan. In 1884, he opened a shipyard at Elswick to specialise in warship production—at the time, it was the factory in the world that could build a battleship
2.
Bandung
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It is nations fourth largest city, and the third largest city by population, with over 2.4 million. Located 768 metres above sea level, approximately 140 kilometres south east of Jakarta, the city lies on a river basin surrounded by volcanic mountains. This topography provides a defense system, which was the primary reason for the Dutch East Indies governments plan to move the colony capital from Batavia to Bandung. The Dutch colonials first established tea plantations around the mountains in the century. The Dutch inhabitants of Bandung demanded establishment of a municipality, which was granted in 1906, luxurious hotels, restaurants, cafés and European boutiques were opened, hence the city was nicknamed Parijs van Java.5 million people. New skycrapers, high-rise buildings, bridges, gardens have been constructed, Bandung will be supporting as one of the host cities of 2018 Asian Games. Current international airport redevelopment is completed in 2016, to improve infrastructure, the construction of Jakarta-Bandung High Speed Rail and Bandung Metro Kapsul, a type of indigenous Automated People Mover will start in 2017. The new Bandung Kertajati International Airport also will be completed as early as 2018, Bandung, the capital of West Java province, located about 180 kilometres southeast of Jakarta, is the third largest city in Indonesia. Its elevation is 768 metres above sea level and is surrounded by up to 2,400 metres high Late Tertiary and Quaternary volcanic terrain. The basins main river is the Citarum, one of its branches, the Bandung Basin is an important source of water for potable water, irrigation and fisheries, with its 6,147 million m³ of groundwater being a major reservoir for the city. The northern section of Bandung is hillier than other parts of the city, long-term volcanic activity has created fertile andisol soil in the north, suitable for intensive rice, fruit, tea, tobacco and coffee plantations. In the south and east, alluvial soils deposited by the Cikapundung river predominate, Geological data shows that the Bandung Basin is located on an ancient volcano, known as Mount Sunda, erected up to 3, 000–4,000 metres during the Pleistocene age. Two large-scale eruptions took place, the first formed the basin, the lake drained away, for reasons which are the subject of ongoing debate among geologists. Bandung experiences tropical climate according to Köppen climate classification as the driest month precipitation total is below 60 millimetres. The wettest month is February with precipitation total 255.0 millimetres, the average temperature throughout the year tends to be cooler than most cities in Indonesia due to the altitude influence. The average temperature throughout the year only has little variation due to its location near the equator, the official name of the city during the colonial Dutch East Indies period was Bandoeng. During the seventeenth and eighteenth centuries, the Dutch East Indies Company established plantations in the Bandung area, in 1786, a supply road connecting Batavia, Bogor, Cianjur, Bandung, Sumedang and Cirebon was constructed. Daendels built a road, stretching approximately 1,000 km from the west to the east coast of Java, in 1810, the road was laid down in Bandung and was named De Groote Postweg, the present-day location of Asia-Afrika Street
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Indonesia
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Indonesia, officially the Republic of Indonesia, is a unitary sovereign state and transcontinental country located mainly in Southeast Asia with some territories in Oceania. Situated between the Indian and Pacific oceans, it is the worlds largest island country, with more than seventeen thousand islands. At 1,904,569 square kilometres, Indonesia is the worlds 14th-largest country in terms of area and worlds 7th-largest country in terms of combined sea. It has an population of over 260 million people and is the worlds fourth most populous country. The worlds most populous island, Java, contains more than half of the countrys population, Indonesias republican form of government includes an elected legislature and president. Indonesia has 34 provinces, of which five have Special Administrative status and its capital and countrys most populous city is Jakarta, which is also the most populous city in Southeast Asia and the second in Asia. The country shares land borders with Papua New Guinea, East Timor, other neighbouring countries include Singapore, Vietnam, the Philippines, Australia, Palau, and the Indian territory of the Andaman and Nicobar Islands. Despite its large population and densely populated regions, Indonesia has vast areas of wilderness that support the second highest level of biodiversity. The country has abundant natural resources like oil and natural gas, tin, copper, agriculture mainly produces rice, palm oil, tea, coffee, cacao, medicinal plants, spices and rubber. Indonesias major trading partners are Japan, United States, China, the Indonesian archipelago has been an important region for trade since at least the 7th century, when Srivijaya and then later Majapahit traded with China and India. Local rulers gradually absorbed foreign cultural, religious and political models from the early centuries CE, Indonesian history has been influenced by foreign powers drawn to its natural resources. Indonesia consists of hundreds of native ethnic and linguistic groups. The largest – and politically dominant – ethnic group are the Javanese, a shared identity has developed, defined by a national language, ethnic diversity, religious pluralism within a Muslim-majority population, and a history of colonialism and rebellion against it. Indonesias national motto, Bhinneka Tunggal Ika, articulates the diversity that shapes the country, Indonesias economy is the worlds 16th largest by nominal GDP and the 8th largest by GDP at PPP, the largest in Southeast Asia, and is considered an emerging market and newly industrialised country. Indonesia has been a member of the United Nations since 1950, Indonesia is a member of the G20 major economies and World Trade Organization. The name Indonesia derives from the Greek name of the Indós, the name dates to the 18th century, far predating the formation of independent Indonesia. In 1850, George Windsor Earl, an English ethnologist, proposed the terms Indunesians—and, his preference, in the same publication, one of his students, James Richardson Logan, used Indonesia as a synonym for Indian Archipelago. However, Dutch academics writing in East Indies publications were reluctant to use Indonesia, they preferred Malay Archipelago, the Netherlands East Indies, popularly Indië, the East, and Insulinde
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Indonesian rupiah
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The rupiah is the official currency of Indonesia. Issued and controlled by the Bank of Indonesia, the ISO4217 currency code for the Indonesian rupiah is IDR, the name rupiah is derived from the Hindustani word rupiya, ultimately from Sanskrit rupya. Informally, Indonesians also use the word perak in referring to rupiah, the rupiah is subdivided into 100 sen, although inflation has rendered all coins and banknotes denominated in sen obsolete. The Riau islands and the Indonesian half of New Guinea had their own variants of the rupiah in the past, the current rupiah consists of coins from 100 rupiah up to 1000 rupiah and banknotes of 1000 rupiah up to 100,000 rupiah. With US$1 worth 13,300 rupiah, the largest Indonesian banknote is therefore worth approximately US$7.52, there are presently two series of coins in circulation, aluminium, bronze and nickel coins dated between 1991 and 2010. These come in denominations of 50,100,200,500, the older series of coins has been gradually disappearing. Currently circulating Indonesian banknotes date from 2000,2001,2004,2005,2009,2010, the 1998–1999 notes have not been legal tender since 31 January 2008. Earlier notes are no longer legal tender, due to the lack of security features and association with the Suharto regime. The government initially announced that this would change, with a 2, 000-rupiah note to replace the 1, 000-rupiah, following the issuance of Presidential Decree No. However, the material is abaca fibre, which is naturally plentiful in Indonesia and is believed to increase the durability of the banknotes. The banknotes are heat-processed to create a type of pulp. The minimum security features visible to the eye are watermarks, electrotypes. Extra features may be included, such as holograms, Irisafe, iridescent stripes, clear windows, metameric windows, watermark and electrotype are made by controlling the gap of density of the fibres which create certain images for the banknotes. This is done to raise the quality of the notes. Security threads are inserted into the note so that horizontal and vertical lines are shown from top to bottom, the threads can be varied in the materials, size, colour and design. Intaglio printing is used for the numbers in the banknote, to help blind people recognise genuine notes. The rupiah has been subject to high inflation for most of its existence, various attempts have been made to maintain the value of the currency, but all were abandoned. In the period from October 1946 to March 1950 Indonesian currency had no international recognition and its value was determined on the black market
5.
Net income
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In business, net income is an entitys income minus cost of goods sold, expenses and taxes for an accounting period. In the context of the presentation of financial statements, the IFRS Foundation defines net income as synonymous with profit, net income is a distinct accounting concept from profit but the same as net profit. Net income can also be calculated by adding a companys operating income to non-operating income, net income can be distributed among holders of common stock as a dividend or held by the firm as an addition to retained earnings. As profit and earnings are used synonymously for income, net earnings, often, the term income is substituted for net income, yet this is not preferred due to the possible ambiguity. Net income is called the bottom line because it is typically found on the last line of a companys income statement. The items deducted will typically include tax expense, financing expense, likewise, preferred stock dividends will be subtracted too, though they are not an expense. For a merchandising company, subtracted costs may be the cost of goods sold, sales discounts, for a product company advertising, manufacturing, and design and development costs are included
6.
Asset
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In financial accounting, an asset is an economic resource. Anything tangible or intangible that can be owned or controlled to produce value, simply stated, assets represent value of ownership that can be converted into cash. The balance sheet of a firm records the value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business, one can classify assets into two major asset classes, tangible assets and intangible assets. Tangible assets contain various subclasses, including current assets and fixed assets, current assets include inventory, while fixed assets include such items as buildings and equipment. Intangible assets are resources and rights that have a value to the firm because they give the firm some kind of advantage in the marketplace. Examples of intangible assets include goodwill, copyrights, trademarks, patents and computer programs, an asset is a resource controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity. One of the most widely accepted accounting definitions of asset is the one used by the International Accounting Standards Board, employees are not considered assets like machinery is, even though they can generate future economic benefits. This is because an entity does not have sufficient control over its employees to satisfy the Frameworks definition of an asset, similarly, in economics an asset is any form in which wealth can be held. The accounting equation is the structure of the balance sheet. It relates assets, liabilities, and owners equity, Assets = Liabilities + Capital Liabilities = Assets − Capital Equity = Assets − Liabilities Assets are listed on the balance sheet. On a companys balance sheet certain divisions are required by generally accepted accounting principles, Assets can be divided into e. g. current assets and fixed assets, often with further subdivisions such as cash, receivables and inventory. Assets are formally controlled and managed within larger organizations via the use of asset tracking tools and these monitor the purchasing, upgrading, servicing, licensing, disposal etc. of both physical and non-physical assets. Current assets are cash and other assets expected to be converted to cash or consumed either in a year or in the operating cycle and these assets are continually turned over in the course of a business during normal business activity. There are 5 major items included into current assets, Cash and cash equivalents – it is the most liquid asset, which includes currency, deposit accounts, short-term investments – include securities bought and held for sale in the near future to generate income on short-term price differences. Receivables – usually reported as net of allowance for non-collectable accounts, inventory – trading these assets is a normal business of a company. The inventory value reported on the sheet is usually the historical cost or fair market value. This is known as the lower of cost or market rule, prepaid expenses – these are expenses paid in cash and recorded as assets before they are used or consumed
7.
Equity (finance)
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In accounting, equity is the difference between the value of the assets and the value of the liabilities of something owed. Equity can be negative if liabilities exceeds assets, shareholders equity represents the equity of a company as divided among shareholders of common or preferred stock. Negative shareholders equity is often referred to as a shareholders deficit, alternatively, equity can also refer to the capital stock of a corporation. The value of the stock depends on the future economic prospects. For a company in liquidation proceedings, the equity is that which remains after all liabilities have been paid, when starting a business, the owners fund the business to finance various operations. Throughout the businesss existence, the equity of the business will be the difference between its assets and debt liabilities, this is the accounting equation, when a business liquidates during bankruptcy, the proceeds from the assets are used to reimburse creditors. The creditors are ranked by priority, with secured creditors being paid first, other creditors being paid next, owners equity is this remaining or residual claim against assets, which is paid only after all other creditors are paid. In such cases where even creditors could not get money to pay their bills. In financial accounting, owners equity consists of the net assets of an entity, net assets is the difference between the total assets and total liabilities. Equity appears on the sheet, one of the four primary financial statements. The assets of an entity can be tangible and intangible items. Intangible assets include such as brand names, copyrights or goodwill. Tangible assets include land, equipment, and cash, issue of new equity in which the firm obtains new capital increases the total shareholders equity. Share repurchases, in which a firm returns money to investors, reducing on the side its financial assets. For practical purposes, share repurchasing is similar to a dividend payment, rather than giving money to all shareholders immediately in the form of a dividend payment, a share repurchase reduces the number of shares outstanding. Dividends paid out to preferred stock owners are considered an expense to be subtracted from net income, sometimes assets bought and held in other countries get translated back into the reporting currency at different exchange rates, resulting in a changed value. When the owners are shareholders, the interest can be called shareholders equity, the remains the same. If all shareholders are in one and the class, they share equally in ownership equity from all perspectives
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Military
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The armed forces of a country are its government-sponsored defense, fighting forces, and organizations. They exist to further the foreign and domestic policies of their body and to defend that body. Armed force is the use of armed forces to achieve political objectives, the study of the use of armed forces is called military science. Broadly speaking, this involves considering offense and defense at three levels, strategy, operational art, and tactics, all three levels study the application of the use of force in order to achieve a desired objective. In most countries the basis of the forces is the military. However, armed forces can include other paramilitary structures, the obvious benefit to a country in maintaining armed forces is in providing protection from foreign threats and from internal conflict. In recent decades armed forces personnel have also used as emergency civil support roles in post-disaster situations. On the other hand, they may harm a society by engaging in counter-productive warfare. Expenditure on science and technology to develop weapons and systems sometimes produces side benefits, although some claim that greater benefits could come from targeting the money directly
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Weapon
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A weapon, arm, or armament is any device used with intent to inflict damage or harm to living beings, structures, or systems. Weapons are used to increase the efficacy and efficiency of such as hunting, crime, law enforcement, self-defense. In a broader context, weapons may be construed to include anything used to gain a strategic, something that has been re-purposed, converted, or enhanced to become a weapon of war is termed weaponized, such as a weaponized virus or weaponized lasers. The use of objects as weapons has been observed among chimpanzees, however, this can not be confirmed using physical evidence because wooden clubs, spears, and unshaped stones would not have left an unambiguous record. The earliest unambiguous weapons to be found are the Schöninger Speere, the first defensive structures and fortifications appeared in the Bronze Age, indicating an increased need for security. Weapons designed to breach fortifications followed soon after, for example the battering ram was in use by 2500 BC, although early Iron Age swords were not superior to their bronze predecessors, once iron-working developed, around 1300 BC in Greece Alex Webb, Metalworking in Ancient Greece. Domestication of the horse and widespread use of spoked wheels by ca.2000 BC, led to the light, the mobility provided by chariots were important during this era. Spoke-wheeled chariot usage peaked around 1300 BC and then declined, ceasing to be militarily relevant by the 4th century BC. Cavalry developed once horses were bred to support the weight of a man, the horse extended the range and increased the speed of attacks. Ships built as weapons or warships such as the trireme were in use by the 7th century BC and these ships were eventually replaced by larger ships by the 4th century BC. European warfare during the Post-classical history was dominated by groups of knights supported by massed infantry. They were involved in combat and sieges which involved various siege weapons. Knights on horseback developed tactics for charging with lances providing an impact on the enemy formations, whereas infantry, in the age before structured formations, relied on cheap, sturdy weapons such as spears and billhooks in close combat and bows from a distance. As armies became more professional, their equipment was standardized and infantry transitioned to pikes, pikes are normally seven to eight feet in length, in conjunction with smaller side-arms. In Eastern and Middle Eastern warfare, similar tactics were developed independent of European influences, the introduction of gunpowder from the Far East at the end of this period revolutionized warfare. Formations of musketeers, protected by pikemen came to dominate open battles, the European Renaissance marked the beginning of the implementation of firearms in western warfare. Guns and rockets were introduced to the battlefield, firearms are qualitatively different from earlier weapons because they release energy from combustible propellants such as gunpowder, rather than from a counter-weight or spring. This energy is released very rapidly and can be replicated without much effort by the user, therefore even early firearms such as the arquebus were much more powerful than human-powered weapons. During the U. S. Civil War various technologies including the gun and ironclad warship emerged that would be recognizable and useful military weapons today
Rp 2.02 trillion (2016)
