APPLICATION OF IFRS ON FIXED ASSETS STATE OWNED ENTERPRIESES

COMPILED BY: PUTRI PUSPITA SARI FAUZIAH WAHYUNING TIAS MELINDA YUSTINA SARI
UNIVERSITAS NEGERI SURABAYA

Financial statements of different in the world

UNIVERSITAS NEGERI SURABAYA

Been integrated within a standard by IASB

Canada 2009/11 United States (2014) Americas Europe 2005 China 2007 Asia Pacific India 2011 Brazil 2010 Chile 2009 South Africa 2005 Australia 2005

Current or anticipated requirement or option to use IFRS (or equivalent)

UNIVERSITAS NEGERI SURABAYA

How about Indonesia?

UNIVERSITAS NEGERI SURABAYA

Indonesia as a member of the G-20 adopted a whole at beginning in

2012
UNIVERSITAS NEGERI SURABAYA

Member of G-20

Indonesia

convertion of IFRS
IFRS
SFAS 16 revised in 2007

IAS

SFAS

What is different with the SFAS 16 revised 2007?

Cost components Age benefits depreciation Other fixed assets

How about readiness of State Owned Enterprises ?

Sample of State Owned Enterprises

PT. Telekomunikasi Indonesia, Tbk is a State Owned Enterprise and provider of telecomunication services as well as the largest network in Indonesia.

2010

Things that are different in PT. Telekomunikasi Indonesia from the previous (not use IFRS)
Cost components Age benefits depreciation Other fixed assets

PT Semen Gresik (Persero) Tbk. is a company engaged in the cement industry.

FIXED ASSETS

2008
2009

2010

Things that are different in PT. Semen Gresik from the previous
Cost components
Age benefits depreciation

PT. PLN was establised in 1961 when the Goverment of the Republic of Indonesian took over the Netherlands electricity company

As a state-owned enterprises are not go public, PT. PLN (Persero) still has not applied SFAS 16 revised, 2007. PT PLN (Persero) will apply IFRS by 2012 in stages.

State Owned Enterprieses

Not to go public State Owned Enterprieses
Go public State Owned Enterprieses

has not applied IFRS

applying IFRS