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🇮🇩 Indonesia /Economy & Trade

Danantara Financial Report Delayed by BUMN Consolidation

From Tempo · () Indonesian

Translated from Indonesian, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • Danantara's financial report has not yet been released due to ongoing consolidation of all state-owned enterprises (BUMN).
  • Dony Oskaria clarified that the delay is not due to a lack of transparency but the complexity of the accounting process.
  • The company aims to complete the bookkeeping for all BUMN entities before releasing the financial statements.

The release of Danantara's financial report is pending the completion of the entire state-owned enterprises' (BUMN) accounting consolidation, according to Dony Oskaria. He explained that the delay is not indicative of a lack of transparency but rather a procedural necessity to finalize the books for all BUMN entities.

Oskaria emphasized that the process requires meticulous attention to detail to ensure accuracy across all consolidated financial statements. The company is committed to providing a comprehensive and accurate financial overview once all BUMN accounts are settled and verified.

This approach ensures that the final report reflects the true financial standing of the entire BUMN group, rather than isolated segments. The company is working diligently to expedite the process without compromising the integrity of the financial reporting.

DistantNews Editorial

Originally published by Tempo in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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