Indonesia Fund Inc - Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (N-Q)
November 27 2007 - 9:01AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment
Company Act file number
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811-06024
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THE
INDONESIA FUND, INC.
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(Exact name of registrant as specified in charter)
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c/o Credit Suisse Asset Management, LLC
Eleven Madison Avenue
New York, New York
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10010
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(Address of principal executive offices)
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(Zip code)
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J. Kevin Gao, Esq.
Eleven Madison Avenue
New York, New York 10010
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(Name and address of agent for service)
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Registrant's
telephone number, including area code:
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(212)
325-2000
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Date of
fiscal year end:
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December
31st
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Date of
reporting period:
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July 1, 2007
to September 30, 2007
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Item
1: Schedule of Investments
The Indonesia Fund, Inc.
Schedule of Investments
September 30, 2007 (unaudited)
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No. of
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Description
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Shares
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Value
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EQUITY
OR EQUITY-LINKED SECURITIES-100.28%
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Indonesia-99.77%
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Automobiles-7.05%
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PT Astra International Tbk
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3,312,461
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$
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6,964,804
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Commercial
Banks-24.95%
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PT Bank Central Asia Tbk
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11,503,500
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7,720,772
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PT Bank Danamon Indonesia Tbk
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4,030,000
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3,715,124
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PT Bank Internasional Indonesia Tbk
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34,788,000
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892,578
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PT Bank Mandiri
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13,968,500
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5,376,015
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PT Bank Panin Indonesia Tbk
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6,193,000
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473,355
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PT Bank Rakyat Indonesia
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8,975,000
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6,467,369
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24,645,213
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Construction
& Engineering-2.58%
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PT Adhi Karya Tbk
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11,538,000
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1,576,265
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PT Truba Alam Manunggal Engineering Tbk
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5,980,773
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973,800
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2,550,065
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Construction
Materials-2.71%
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PT Indocement Tunggal Prakarsa Tbk
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2,734,000
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1,822,294
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PT Semen Gresik (Persero) Tbk
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1,469,500
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851,548
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2,673,842
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Diversified
Telecommunication Services-23.18%
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PT Indosat Tbk
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1,419,000
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1,197,976
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PT Telekomunikasi Indonesia
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17,938,560
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21,693,208
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22,891,184
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Food
Products-4.44%
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PT Astra Agro Lestari Tbk
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395,500
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725,927
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PT Bakrie Sumatera Plantations Tbk
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5,196,750
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874,457
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PT Bakrie Sumatera Plantations Tbk Warrants
(expiring 09/10/10)
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499,687
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37,875
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PT Indofood Sukses Makmur Tbk
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9,081,500
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1,913,671
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PT Sampoerna Agro Tbk
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3,295,500
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828,830
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4,380,760
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Gas
Utilities-4.46%
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PT Perusahaan Gas Negara
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3,345,500
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4,401,662
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Household
Products-2.52%
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PT Unilever Indonesia Tbk
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3,351,000
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2,490,623
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Industrial
Conglomerates-2.76%
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PT Bakrie and Brothers Tbk
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83,184,000
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2,727,249
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Machinery-4.18%
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PT United Tractors Tbk
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4,609,700
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4,127,151
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Multiline
Retail-2.60%
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PT Matahari Putra Prima Tbk
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16,709,500
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1,404,553
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PT Matahari Putra Prima Tbk Warrants (expiring
07/12/10)
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3,254,125
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35,584
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PT Mitra Adiperkasa Tbk
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4,821,000
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416,692
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PT Ramayana Lestari Sentosa Tbk
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7,612,000
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707,037
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2,563,866
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Oil, Gas
& Consumable Fuels-6.81%
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PT Bumi Resources Tbk
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15,835,000
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6,178,880
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PT Medco Energi Internasional Tbk
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1,213,000
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550,209
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6,729,089
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Paper
& Forest Products-0.73%
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PT Sumalindo Lestari Jaya Tbk
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2,430,500
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716,717
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Pharmaceuticals-0.46%
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PT Kalbe Farma Tbk
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3,125,800
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453,937
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Real
Estate Management & Development-10.34%
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PT Bakrieland Development Tbk
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37,776,500
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2,185,877
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PT Bakrieland Development Tbk Warrants
(expiring 04/30/10)
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4,705,750
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151,798
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PT Ciputra Development Tbk
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8,284,000
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842,441
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PT Kawasan Industri Jababeka Tbk
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56,601,000
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1,762,292
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PT Summarecon Agung Tbk
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18,013,533
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2,779,511
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PT Summarecon Agung Tbk Warrants (expiring
06/21/10)
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1,361,966
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48,402
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Sentul City Tbk PT
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17,987,000
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1,120,464
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Total Bangun Persada
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15,318,000
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1,322,167
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10,212,952
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Total Indonesia
(Cost $41,535,375)
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98,529,114
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Thailand-0.51%
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Construction
& Engineering-0.51%
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Italian-Thai Development Public Company Ltd.
(Cost $452,309)
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2,269,900
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503,318
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Total Equity and Equity-Linked Investments
(Cost $41,987,684)
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99,032,432
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Principal
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Amount
(000s)
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SHORT-TERM
INVESTMENTS-0.92%
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Grand
Cayman-0.92%
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Citibank N.A., overnight deposit, 4.12%, 10/01/07
(Cost $911,000)
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$911
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911,000
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Total Investments-101.20%
(Cost $42,898,684)
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99,943,432
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Liabilities
in Excess of Cash and Other Assets-(1.20)%
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(1,181,476
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)
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NET
ASSETS-100.00%
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$
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98,761,956
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Non-income producing
security.
Security
Valuation - The net asset value of the Fund is determined daily as of the close
of regular trading on the New York Stock Exchange, Inc. (the Exchange) on
each day the Exchange is open for business. Equity investments are valued at
market value, which is generally determined using the closing price on the
exchange or market on which the security is primarily traded at the time of valuation
(the Valuation Time). If no sales are reported, equity investments are
generally valued at the most recent bid quotation as of the Valuation Time or
at the lowest ask quotation in the case of a short sale of securities. Debt
securities with a remaining maturity greater than 60 days are valued in
accordance with the price supplied by a pricing service, which may use a
matrix, formula or other objective method that takes into consideration market
indices, yield curves and other specific adjustments. Debt obligations that
will mature in 60 days or less are valued on the basis of amortized cost, which
approximates market value, unless it is determined that this method would not
represent fair value. Investments in mutual funds are valued at the mutual
funds closing net asset value per share on the day of valuation. Securities
and other assets for which market quotations are not readily available, or
whose values have been materially affected by events occurring before the
Funds Valuation Time, but after the close of the securities primary market, are
valued at fair value as determined in good faith by, or under the direction of,
the Board of Directors under procedures established by the Board of Directors.
The Fund may utilize a service provided by an independent third party which has
been approved by the Board of Directors to fair value certain securities. When fair-value
pricing is employed, the prices of securities used by a fund to calculate its
net asset value may differ from quoted or published prices for the same
securities. The Funds estimate of fair value assumes a willing buyer and a
willing seller neither acting under the compulsion to buy or sell.
Federal
Income Tax Cost - At September 30, 2007, the identified cost for federal income
tax purposes, as well as the gross unrealized appreciation from investments for
those securities having an excess of value over cost, gross unrealized
depreciation from
investments
for those securities having an excess of cost over value and the net unrealized
appreciation from investments were $42,898,684, $57,411,006, $(366,258) and
$57,044,748, respectively.
Other
information regarding the Fund is available in the Funds most recent Report to
Shareholders. This information is also available on the Funds website at
www.credit-suisse.com/us as well as on the website of the Securities and
Exchange Commission at www.sec.gov.
Item 2:
Controls and Procedures
(a)
As of a date within
90 days from the filing date of this report, the principal executive officer
and principal financial officer concluded that the registrants disclosure
controls and procedures (as defined in Rule 30a-3(c) under the Investment
Company Act of 1940 (the Act)), were effective based on their evaluation of
the disclosure controls and procedures required by Rule 30a-3(b) under the Act
and Rules 13a-15(b) or 15d-15(b) under the Securities and Exchange Act of 1934.
(b)
There
were no changes in the registrants internal control over financial reporting
(as defined in Rule 30a-3(d) under the Act) that occurred during the registrants
last fiscal quarter that have materially affected, or are reasonably likely to
materially affect, the registrants internal control over financial reporting.
Item 3:
Exhibits
1.
The certifications of the registrant as
required by Rule 30a-2(a) under the Act are exhibits to this report.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934 and the Investment Company Act of 1940,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
THE INDONESIA FUND, INC.
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/s/Keith M. Schappert
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Name:
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Keith M. Schappert
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Title:
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Chief Executive Officer
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Date:
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November 26, 2007
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Pursuant to the requirements
of the Securities Exchange Act of 1934 and the Investment Company Act of 1940,
this report has been signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated.
/s/Keith M. Schappert
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Name:
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Keith M. Schappert
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Title:
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Chief Executive Officer
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Date:
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November 26, 2007
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/s/Michael A. Pignataro
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Name:
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Michael A. Pignataro
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Title:
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Chief Financial Officer
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Date:
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November 26, 2007
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