Danantara to Release Financial Reports Following Completion of All SOE General Meetings
The Head of the Daya Anagata Nusantara Investment Management Agency (Danantara) and its Chief Operating Officer (COO), Dony Oskaria, stated that Danantara’s financial reports will be released once all State-Owned Enterprise (SOE) General Meetings of Shareholders (RUPS) are completed by the end of June 2026.
“Everything (RUPS) will be finished by the end of June. All SOEs,” said Dony, when met after attending a Working Meeting with Commission VI of the Indonesian House of Representatives (DPR RI) at the Parliament Complex, Senayan, Jakarta, on Monday (9/6/2026).
Dony explained that Danantara’s financial reports are the result of consolidating the financial statements of all SOEs. He noted that Danantara is currently organising SOEs one by one, as several companies have yet to hold their General Meetings. “Their RUPS are not yet finished. For example, Telkom only held theirs today, while PLN has not yet,” Dony added.
Consequently, he assured the public that the delay in releasing Danantara’s financial reports is due to the ongoing bookkeeping process of all SOEs rather than a lack of transparency. This process includes addressing asset impairments or write-downs. Only after these steps are completed will Danantara’s bookkeeping be finalised.
He guaranteed that Danantara will prioritise transparency and undertake a massive overhaul of the governance and financial reporting of all state-owned companies. In a separate statement, Dony emphasised that a total transformation within SOEs is essential to ensure that the management of state assets becomes increasingly transparent and accountable. According to him, the root cause of existing financial burdens stems from poor governance.
Dony revealed that the chaos in SOE financial reporting is often triggered by practices of manipulation or financial engineering intended to artificially enhance company performance. As a result, both the state and the companies have had to bear significant losses due to management negligence or illegal activities.
Given the scale of the issue, the management of Danantara and the SOE Management Agency have chosen to take measured steps. Danantara’s financial reports will only be finalised once all problematic financial items within the SOEs have been rectified and recalculated objectively. Dony ensured that the primary focus at present is conducting in-depth audits and tidying up asset records to reflect the actual conditions on the ground. He hopes that through this consolidation and cleaning of the books, Danantara can begin its operations on a healthy financial foundation, free from past burdens, and implement global-standard transparency.