The Head of the Daya Anagata Nusantara Investment Management Agency\n(Danantara) and its Chief Operating Officer (COO), Dony Oskaria, stated\nthat Danantara\u2019s financial reports will be released once all State-Owned\nEnterprise (SOE) General Meetings of Shareholders (RUPS) are completed\nby the end of June 2026.<\/p>\n
\u201cEverything (RUPS) will be finished by the end of June. All SOEs,\u201d\nsaid Dony, when met after attending a Working Meeting with Commission VI\nof the Indonesian House of Representatives (DPR RI) at the Parliament\nComplex, Senayan, Jakarta, on Monday (9\/6\/2026).<\/p>\n
Dony explained that Danantara\u2019s financial reports are the result of\nconsolidating the financial statements of all SOEs. He noted that\nDanantara is currently organising SOEs one by one, as several companies\nhave yet to hold their General Meetings. \u201cTheir RUPS are not yet\nfinished. For example, Telkom only held theirs today, while PLN has not\nyet,\u201d Dony added.<\/p>\n
Consequently, he assured the public that the delay in releasing\nDanantara\u2019s financial reports is due to the ongoing bookkeeping process\nof all SOEs rather than a lack of transparency. This process includes\naddressing asset impairments or write-downs. Only after these steps are\ncompleted will Danantara\u2019s bookkeeping be finalised.<\/p>\n
He guaranteed that Danantara will prioritise transparency and\nundertake a massive overhaul of the governance and financial reporting\nof all state-owned companies. In a separate statement, Dony emphasised\nthat a total transformation within SOEs is essential to ensure that the\nmanagement of state assets becomes increasingly transparent and\naccountable. According to him, the root cause of existing financial\nburdens stems from poor governance.<\/p>\n
Dony revealed that the chaos in SOE financial reporting is often\ntriggered by practices of manipulation or financial engineering intended\nto artificially enhance company performance. As a result, both the state\nand the companies have had to bear significant losses due to management\nnegligence or illegal activities.<\/p>\n
Given the scale of the issue, the management of Danantara and the SOE\nManagement Agency have chosen to take measured steps. Danantara\u2019s\nfinancial reports will only be finalised once all problematic financial\nitems within the SOEs have been rectified and recalculated objectively.\nDony ensured that the primary focus at present is conducting in-depth\naudits and tidying up asset records to reflect the actual conditions on\nthe ground. He hopes that through this consolidation and cleaning of the\nbooks, Danantara can begin its operations on a healthy financial\nfoundation, free from past burdens, and implement global-standard\ntransparency.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/danantara-to-release-financial-reports-following-completion-of-all-soe-general-meetings-1780973732", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }