Transformation of SOE Ministry Annual Report 2020
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SOE MINISTRY FINANCIAL & OPERATIONS PERFORMANCE
MINISTRY OF STATE-OWNED ENTERPRISES
SOE MINISTRY PERFORMANCE REVIEW 2020-2019
The preparation and presentation of the Financial Statements of the Ministry of SOE as of 31 December
2020 was in accordance with Government Regulation No. 71 of 2010 concerning Government Accounting
Standards and based on sound financial management principles within the Government.
ANNUAL REPORT 2020
2020
Balance Sheet
As of 31 December 2020, SOE Ministry assets stood at
Rp1.97 trillion or grew 5.8% YoY. The assets consisted of
Current Assets of Rp4.29 billion, Fixed Assets (net) of Rp1.96
trillion, and Non-Current Receivables and Other Assets
(net) of Rp28.10 million and Rp6.58 billion, respectively.
Meanwhile, Liabilities and Equity amounted to Rp9.62
billion and Rp1.96 trillion, respectively.
Operating Report
The SOE Ministry recorded Rp4.09 billion of Operating
Income in 2020 with operating expenses at Rp179.87
billion. Deficit from operating activities therefore stood
at Rp175.78 billion. Meanwhile, non-operating activities
and extraordinary items were recorded at minus Rp357.01
million and Rp0, respectively. As a result, the entity
suffered a Rp176.13 billion LO-Deficit.
Statement of Changes in Equity
The equity position at the beginning of 2020 was Rp1.86
trillion. With an LO-Deficit of Rp 176.13 billion, positive and
negative corrections to equity of Rp493.28 million, and
inter-entity transactions of Rp277.28 billion, the entity's
equity as of the end of 2020 was Rp1.96 trillion or grew by
5.46% YoY.
Notes to Financial Statements
The presentation of the Budget Realization Report for
the period ended 31 December 2020 was prepared
and presented on a cash basis. Meanwhile, the Balance
Sheet, Operating Report, and Statement of Changes in
Equity for the same period were prepared and presented
on an accrual basis. The Ministry of SOE's 2020 financial
statements received an unqualified opinion for the 14th
time in 2020.
Budget Realization Report
The SOE Ministry's Budget Realization
Report includes State Revenue and
Expenditure for 2020. Realization of
State Revenue in the form of Non-
Tax State Revenue was recorded at
Rp8.34 billion for the period ended
31 December 2020. Meanwhile, the
realization of State Expenditure was
Rp260.13 billion, or 97.65% of the 2020
budget allocation of Rp266.39 billion.
Revenues of State Expenditures 2020
In Rupiah
Revenue from Land Lease, Office Buildings and
Buildings
Recovery of Employee Expenditures from
Previous Year Budget
8,158,124,225
Revenue from Late Penalty in the Completion of
State Assignments
113,583,237
17,265,240
Recovery of Goods Expenditures from Previous
Year Budget
44,654,182
Recovery of Capital Expenditures from Previous
Year Budget
3,676,000
Revenue from Other Budgets
571,239
Total
8,337,874,123
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Composition of Expenditures and Realization for Fiscal Budget 2020
Budget
Realization
Rp billion
(%) Realization
58.1
Employee
Expenditures
57.8
102.9
Goods
Expenditures
97.8
105.3
Capital
Expenditures
104.9
Total
99.4%
94.9%
99.6%
266.4
97.7%
260.1
WRK
ME
RESILIENCE AMIDST UNCERTAINTY
RESILIENCE AMIDST UNCERTAINTY
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