The consolidated financial statements have been prepared under the historical

The consolidated financial statements have been

This preview shows page 17 - 19 out of 98 pages.

The consolidated financial statements have been prepared under the historical cost, except otherwise stated, and using the accruals basis, except in the consolidated statement of cash flows. The consolidated statement of cash flows is prepared using the direct method by classifying cash flows on the basis of operating, investing and financing activities. The reporting currency used in the consolidated financial statements is Rupiah which is the Company’s and Subsidiaries’s functional currency. New standards, amendments and interpretations issued and effective for the financial year beginning January 1, 2018 which did not have a material impact on the financial statements of the Company and its Subsidiaries are as follows: SFAS 69, “Agriculture” The standard provides definition and recognition criteria for biological assets or agricultural product. Those assets are measured at fair value less cost to sell with the changes in the carrying amounts recognized in the profit or loss. Amendment to SFAS 2, “Statement of cash flow” The amendment requires entity to explain changes in their liabilities for which cash flows have been, or will be classified as financing activities in the statement of cash flows. Amendment to SFAS 15, “Investment in associate and joint venture” The amendment allows venture capital organisations, mutual funds, unit trusts and similar entities to elect measuring their investments in associates or joint ventures at fair value through profit or loss (FVTPL). The Board clarified that this election should be made separately for each associate or joint venture at initial recognition. 9
Image of page 17
PT ALKINDO NARATAMA Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (Lanjutan) Pada Tanggal 30 September 2018, 31 Desember 2017 Dan 31 Desember 2016 Dan Untuk Periode Sembilan Bulan Yang Berakhir Pada Tanggal 30 September 2018 Dan 30 September 2017 (Tidak Diaudit) Dan Untuk Tahun Yang Berakhir Pada Tanggal 31 Desember 2017 dan 31 Desember 2016 (Disajikan dalam Rupiah, Kecuali Dinyatakan Lain) 2. KEBIJAKAN AKUNTANSI SIGNIFIKAN (Lanjutan) Amandemen PSAK 16, “Aset tetap” Amandemen tersebut memberikan klarifikasi atas aset biologis yang memenuhi definisi dari tanaman produksi dicatat sebagai aset tetap. Definisi, pengakuan dan pengukuran dari tanaman produksi harus sesuai dengan standar yang relevan. Amandemen PSAK 46, “Pajak penghasilan” Amandemen tersebut mengklarifikasi persyaratan untuk mengakui aset pajak tangguhan atas rugi yang belum terealisasi. Amandemen tersebut mengklarifikasi akuntansi untuk pajak tangguhan dimana sebuah aset diukur pada nilai wajar dan nilai wajar tersebut lebih rendah dari dasar pengenaan pajak atas aset tersebut. Amandemen tersebut juga mengklarifikasi aspek tertentu dari akuntansi untuk pajak tangguhan.
Image of page 18
Image of page 19

You've reached the end of your free preview.

Want to read all 98 pages?

  • Summer '18
  • bambang s

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes
A+ icon
Ask Expert Tutors