Antam, Pegadaian receive award for best financial report

Antam, Pegadaian receive award for best financial report

Rendi Witular
The Jakarta Post
Jakarta

The government announced on Friday the annual reports of PT
Aneka Tambang (Antam) and Perum Pegadaian were the best annual
reports produced by companies this year.

Antam, the country's largest nickel producer, won the 2003
Annual Report Award for the publicly listed company category,
beating out Bank Danamon, Bank Niaga and insurance firm PT
Asuransi Bintang, which came second, third and fourth
respectively.

In the non-listed category, the government named the annual
report of the country's largest pawn shop operator Pegadaian as
the best. Toll operator PT Jasa Marga, developer PT Wijaya Karya
and Bank Rakyat Indonesia came second, third and fourth
respectively.

The annual event was organized by the Office of the State
Minister for State Enterprises, the Directorate General of
Taxation at the Ministry of Finance, the Capital Market
Supervisory Agency (Bappepam), the Jakarta Stock Exchange, the
Indonesian Accountants Association and the National Committee for
Corporate Governance.

Former finance minister Mar'ie Muhammad, the chairman of the
panel of judges, said the decisions were based on the panel's
study of 84 audited financial reports for the 2002 fiscal year.

Of the reports, 56 belonged to listed private companies, 19 to
non-listed state and local government-owned companies, and nine
listed state-owned companies, he said.

The panel examined whether the annual reports complied with
accounting principles and the relevant capital market
regulations, reflected good corporate governance, and whether the
firms had transparently furnished information to investors and
the public.

Other members of the panel are the former minister of finance,
Bambang Sudibyo, chairman of the Supreme Audit Board Arie
Soelendro, tax expert Gunadi and stock analyst Goei Siauw Hong.