Management of State Equity Participation in State-Owned Enterprises Complies With Laws and Regulations
Jakarta, BPK Public Relations – Following the audit, the Audit Board of the Republic of Indonesia (BPK) concluded that State-Owned Enterprises (BUMN) had managed state equity participation for fiscal year from 2020 to 1st semester of 2022 in compliance with laws and regulations in all material respects.
The conclusion is stated in Audit Report (LHP) on Management of State Equity Participation (PMN) for Fiscal Year from 2020 to 1st Semester of 2022 in Ministry of State-Owned Enterprises (BUMN) and Related Agencies. Submitted by Board Member VII of BPK, Hendra Susanto, the audit report was received in person by Minister of BUMN, Erick Thohir.
"For period from 2020 to 1st semester of 2022, Ministry of BUMN had managed additional state equity participation in cash for 15 state-owned enterprises amounting to Rp 131.32 trillion and Rp 20.68 trillion in investment reserve fund of 2022," Board Member said at the submission of audit report that took place in the office of Ministry of BUMN, in Jakarta, on Monday (27/2).
The state equity participation is aimed to improve capital structure and enterprise capacity of BUMN while carrying out national strategic projects at the same time. However, while scrutinizing management of state equity participation, BPK still found some crucial issues.
One of the issues is works funded by state equity participation for period from 2015 to 2016 in 13 state-owned enterprises had not been used yet nor given benefits yet. In addition to it, the changing of additional state equity participation in Bio Farma Enterprise that would be used to build hospital (RS) in Bali Special Economic Zone (KEK) also had not been used yet.
"I hope Minister of BUMN keeps encouraging his officials to fix and solve the issues found by BPK during the audit and take immediate required actions to make follow up to audit recommendations provided by BPK," he said.
At the same time of having audit report submission, BPK also had an entry meeting to commence audit of financial statements for fiscal year of 2022 in Ministry of State-Owned Enterprises (BUMN). The financial audit aims to provide audit opinion on fairness presentation of the financial statements in all material respects, compliance with Government Accounting Standards (SAP), adequacy of disclosure, effectiveness of internal control system, as well as compliance with laws and regulations.
To make the audit works soundly, Board Member hopes both auditors and audited entities carry out their respective duties and function in accordance with their authorities and work on good communication.
"I hope both auditors and audited entities may build good and effective communication that creates same perception, supports all audit processes, and results in smooth audit. In addition, the audited entities need to give adequate access of required data and documents for the audit purposes," Board Member said.
Director General of Audit VII of BPK, Novy G.A. Pelenkahu, Vice Minister of BUMN, Pahala Nugraha Mansury, director generals, deputies, high-level officials of BUMN, and auditors under Director General of Audit VII in BPK attended both the submission of audit report and the entry meeting along with Board Member of BPK and Minister of BUMN.