Assurance Publications

March 2015

Refinement and Clarification of Offshore Borrowings Regulations

In December 2014, Bank Indonesia (“BI”) issued BI Regulation No. 16/21/PBI/2014 and Circular Letter No. 16/24/DKEM regarding the Application of the Prudence Principle for Non-Bank Corporations in Managing Offshore Borrowings (the “New PBI”). While still requiring non-bank borrowers to conduct prudent financial management in managing offshore borrowings through minimum requirements for hedging and liquidity ratios and maintaining credit ratings, this new PBI provides some refinements to align with common business practices and to loosen requirements for infrastructure projects. In addition, the Circular Letter clarifies the application of the minimum requirements for hedging and liquidity ratios and credit ratings.

This PBI takes effect from 1 January 2015 and is binding to all non-bank borrowers. The Old PBI is revoked as of that date.

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December 2014

Prudential Principles in Managing Offshore Borrowings by Non-Bank Corporations

Bank Indonesia Regulation No 16/20/PBI/2014 on the implementation of Prudential Principles in Managing Offshore Borrowings by Non-Bank Corporations will be effective from 1 January 2015. The objective of this regulation is to enable Bank Indonesia to manage offshore borrowings to optimise their contribution to national economic and macroeconomic stability. In order to achieve this, Bank Indonesia would also like to emphases the importance of financial risk management, especially in foreign exchange currency, liquidity risk and overleverage financing.

As a result, financial information is required to be reported to Bank Indonesia as evidence of fulfilling this regulation.

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October 2014

IFRS and Indonesian GAAP (PSAK): similarities and differences

This publication provides a summary of the key differences between Indonesian Financial Accounting Standards (IFAS or PSAK) and the International Financial Reporting Standards (IFRS) that are required for the annual reporting periods beginning 1 January 2014.

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October 2014

PSAK Pocket Guide 2014

This pocket guide provides a summary of the recognition and measurement requirements of Indonesian Financial Accounting Standards (IFAS or PSAK) applicable for financial statements beginning period on or after 1 January 2014.

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July 2014

A Practical Guide to the New Indonesian Financial Accounting Standards for 2015

A practical guide to the new Indonesian Financial Accounting Standards (“IFAS”) and interpretations which come into effect in 2015.

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July 2014

IFAS Disclosure Checklist 2014 – for listed entities

This disclosure checklist for listed entities is designed to facilitate the collection and review of the disclosure for each component of the Statement of Financial Accounting Standards (PSAK) and accounting standards issued by capital market regulator (VIII.G.7). It outlines the disclosures required by all PSAK and VIII.G.7 published up to 31 December 2013.

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July 2014

IFAS Disclosure Checklist 2014 – for non listed entities

This disclosure checklist for non listed entities is designed to facilitate the collection and review of the disclosure for each component of the Statement of Financial Accounting Standards (PSAK). It outlines the disclosures required by all PSAK published up to 31 December 2013.

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July 2014

PT Indonesia Tbk dan entitas anak / PT Indonesia Tbk and subsidiaries - Laporan keuangan konsolidasian ilustratif 31 Desember 2014 dan 2013 / Illustrative consolidated financial statements 31 December 2014 and 2013

This publication provides an illustrative set of consolidated financial statements, prepared in accordance with Indonesian Financial Accounting Standards (“IFAS”) and best practices in the market, for a listed companies.

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