ClarificationJun 24, 2026, 10:01 AM
Telekomunikasi Indonesia Clarifies Accounting & Internal Control
AI Summary
Telekomunikasi Indonesia (TLK) responded to an explanation request from the Indonesia Stock Exchange (IDX) regarding its 2025 audited financial statements. The company clarified its accounting treatment for drop cable assets, reclassifying it as a voluntary change in accounting policy rather than an error. TLK also confirmed the effectiveness of its internal controls, withdrawing a previous conclusion of material weakness, and addressed the accounting for transactions lacking economic substance.
Key Highlights
- Telekomunikasi Indonesia clarified accounting treatment for drop cable assets as a voluntary change in policy (PSAK 208).
- The restatement in 2025 financial statements was due to componentization of drop cable assets.
- Derecognition of assets without economic benefits is recognized in profit or loss for the period.
- The company withdrew its previous conclusion of material weakness in internal control, now deemed effective.
- Independent Auditor confirmed effective internal control over financial reporting as of December 31, 2025.
- Approximately 140 transactions without material economic substance were identified, quantitatively immaterial but qualitatively material due to employee misconduct.
- Receivables from these transactions were reclassified to other non-current assets with a net balance of zero.
- No other material information affecting the company's survival or share price was disclosed.