Financial statements from Indonesia

Schmidt & Schmidt offers financial statements from Indonesia in electronic form and their translations into English.

According to law, most companies registered in Indonesia must submit or publish their financial statements.

These data are reported in electronic form.

Reporting of financial statements in the Indonesia is subject to the Company Act from 2007 and other regulations.

Currently, the IFRS are not used in Indonesia. Instead, local companies use only national accounting standards.

These have approached the IFRS recently, but are still different from them.

Financial statements must be presented to the company’s shareholders meeting within six months after the end of the financial year.

Following company types must publish their financial statements in special editions:

• Financial companies
• Public companies
• Companies issuing promissory notes
• Large state companies

Companies selling their shares file their financial statements to the stock exchange.

Annual financial statement includes:

• Balance sheet
• Profit and loss report
• Cash flow report
• Notes

Financial statements of companies participating in stock exchange are obtainable with a special online service on the website of the stock exchange.

To obtain financial statements of a specific enterprise, its full name, registration number and registered office address are required.

Financial statements provide detailed information about a company’s financial state, solvency and performance of an enterprise.

Financial statements can provide valuable information about potential business partner which can be used for making decisions like purchasing capital shares or goods or taking legal action to collect debts.

Financial statements are provided in accordance with the legislation of Indonesia and legal requirements on personal data protection.

On our website, you can make a preliminary request if a certain company’s financial statements are obtainable.