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Secretariat Nasional Forum Indonesia Untuk Transparansi Anggaran (National Secretariat of Indonesian Forum for Budget Transparency)
FINANCIAL STATEMENTS
AND INDEPENDENT AUDITOR’S REPORT
FOR YEARS ENDED ON
DECEMBER 31, 2008
Logo
DDD rrr sss ... TTT HHH AAA LLL IIIBBB DDDAAA EEE NNN GGG MMMAAA TTT TTT EEE MMMMMMUUU
Registered Public Accountant
Secretariat Nasional Forum Indonesia Untuk Transparansi Anggaran
FINANCIAL STATEMENTS AND
INDEPENDENT AUDITOR’S REPORT
FOR YEARS ENDED ON DECEMBER 31, 2008
Logo
DDD rrr sss ... TTT HHH AAA LLL IIIBBB DDD AAA EEE NNN GGG MMMAAA TTT TTT EEE MMMMMMUUU
Registered Public Accountant
Gedung Usayana Holding Lt. Ground, Jl. Matraman Raya No. 87 Jakarta 13140 Phone: (62-21) 85901432 – 8515094 Ext. 1607 Direct 8505941 Fax.: 8505941
E-mail: tdmkap@yahoo.com
Logo Drs. Thalib Daeng Mattemmu Business Permit: KEP-337/KM.17/1999
Gedung Usayana Holding Lt. Ground, Jl. Matraman Raya No. 87 Jakarta 13140 Phone: (62-21) 85901432 – 8515094 Ext. 1607 Direct 8505941 Fax.: 8505941
E-mail: tdmkap@yahoo.com
We conducted our audit in accordance with auditing standards
established by the Indonesian Institute of Accountants. Those
standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements
are free of material interpretation. An audit includes examining,
on a test basis, evidence supporting the amounts and disclosures
in the financial statements. An audit also includes assessing
the accounting principles used and significant estimates made
by the management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
INDEPENDENT AUDITOR’S REPORT
Number: 021/TDM-P/I/10
To
Management
Sekertariat Nasional Forum Indonesia Untuk Transparansi Anggaran
We have audited the Balance Sheets of Sekertariat Nasional
Forum Indonesia Untuk Transparansi Anggaran (SEKNA FITRA) as
of December 31, 2008, Activity Report, and cash flow statements
for the years ended on such date. These financial statements are
the responsibility of the Company’s management. Our responsibility
is to express an opinion on these financial statements based
on our audit.
In our opinion, the financial statements referred to above
present fairly, in all material respects, the financial position
of Sekertariat National Forum Indonesia Untuk Transparansi
Anggaran (SEKNAS FITRA) as of December 31, 2008, and the
results of their operations and cash flows for the years ended
on such date in conformity with generally accepted accounting
principles in Indonesia.
Sealed and signed
Accountant License No. 98.1.0551
Drs. THALIB DAENG MATTEMMU
Reg Neg D-692
Jakarta, January 30, 2010
Sekertariat National Forum Indonesia Untuk Transparansi Anggaran (SEKNAS FITRA)
TABLE OF CONTENT
INDEPENDENT AUDITOR’S REPORT – 31 December 2008 for year ended
on such date.
FINANCIAL STATEMENTS – For years ended on December 31, 2008
and 2007
Financial Statements 1
Activity Report 2
Cash Flow Statements 3
Note to Financial Statements 4
Sekertariat National Forum Indonesia Untuk Transparansi Anggaran FINANCIAL STATEMENTS
For years ended on December 31, 2008 and 2007
1
Note 2008 2007
ASSETS
CURRENT ASSETS
Cash and Cash Equivalent 2b, e, 3 131,144,830 104,789,890
Business Receivables 2c, f, 4 61,277,820 26,729,100
Prepaid Expenses 2i, 5 51,666,667 -
Total Current Assets 244,089,317 131,518,990
OTHER ASSETS 6 52,247,390 -
Total Assets 296,336,707 131,518,990
NET ASSETS AND LIABILITY
CURRENT LIABILITY
Business Payables 7 26,966,480 26,529,000
Tax Payables 8 2,031,000 -
Other payables 9 1,003,000 3,000
Total Current Liability 30,000,480 26,532,000
NET ASSETS 10 266,336,227 104,986,990
Total Liability and Equity 296,336,707 131,518,990
See notes to the financial statements which form an inseparable part of the financial statements.
Sekertariat National Forum Indonesia Untuk Transparansi Anggaran ACTIVITY REPORT
For years ended on December 31, 2008 and 2007
2
Note 2008 2007
BUSINESS REVENUES
Total Business Revenues 2h, 11 747,333,950 458,935,800
747,333,950 458,935,800
BUSINESS EXPENSES 2h, 12 587,794,333 376,470,480
Total Business Expenses 587,794,333 376,470,480
BUSINESS PROFIT (LOSS) 159,539,617 82,465,320
OTHER INCOMES (EXPENSES) 2h, 13 932,950 3,002,650
PROFIT (LOSS) BEFORE TAX 160,472,567 85,467,970
Income Tax Expenses
Present Tax 2i - -
Deferred Tax Expenses 2i - -
CHANGE OF NET ASSETS 160,472,567 85,467,970
See notes to the financial statements which form an inseparable part of the financial statements.
Sekertariat National Forum Indonesia Untuk Transparansi Anggaran CASH FLOW STATEMENTS
For years ended on December 31, 2008 and 2007
3
2008 2007
CASH FLOW FORM OPERATION
Change of Net Assets 160,472,567 85,467,970
Adjustment to Reconcile net profit into cash obtained from
operation:
Income Tax - -
Change of Assets and Operation Liability
(Increase)/Decrease of Business Receivables (34,548,720) 1,040,500
(Increase)/Decrease of Prepaid Expenses (51,666,667)
(Increase)/Decrease of Custody Fund (52,247,390)
Increase/(Decrease) of Business Payables 437,480 (96,976,000)
Increase/(Decrease) of Tax Payables 2,031,000 -
Increase/Decrease of Other Payables 1,000,000 3,000
Net Cash obtained from Operation 25,478,270 (10,464,530)
CASH FLOW FROM INVESTMENT
Assets Sale Price - -
Cash flow used for investment - -
CASH FLOW FROM FUNDING ACTIVITY
Balance Correction of retained earnings beginning of year 876,670 -
Cash flow obtained (used) from funding activity 876,670 -
INCREASE (DECREASE) OF CASH AND CASH EQUIVALENT 26,354,940 (10,464,530)
CASH AND CASH EQUIVALENT BEGINNING OF YEAR 104,789,890 115,254,420
CASH AND CASH EQUIVALENT END OF YEAR 131,148,830 104,789,890
See notes to the financial statements which form an inseparable part of the financial statements.
Sekertariat National Forum Indonesia Untuk Transparansi Anggaran NOT E T O F INANC IAL S T AT E ME NT S
For years ended on December 31, 2008 and 2007
4
1. GENERAL
A. Corporate Incorporation
Forum Indonesia untuk Transparansi Anggaran/Indonesian
Forum for Budget Transparency (FITRA) was established
in Jakarta with Notary Deed No. 6 dated September 20,
1999, drawn up before Henry Siregar, SH.
FITRA is an organization which is engaged in the field
of social control for transparency of state budget
processes. This organization is autonomous, non-profit,
and independent in conducting its activities.
Vision of FITRA is “To Materialize People’s Sovereignty
over Budget”
Mission of FITRA:
- Achievement Implementation of transparency and
accountability in planning, implementation and
control of state budget.
- Achievement of state budget which has basis and
orientation on people’s need.
- As reference for discourse and movement of budget
transparency in and for Indonesia.
Seknas FITRA is domiciled in Jl. Duren Tiga Selatan No.
68a, South Jakarta.
b. Organization Structure of the Foundation
National Board
Sekertariat National Forum Indonesia Untuk Transparansi Anggaran NOT E T O F INANC IAL S T AT E ME NT S
For years ended on December 31, 2008 and 2007
5
Chairman : Dian Rahardjo
Vice Chairman : Teten Masduji
Secretary : Hana Satriyo
Vice Secretary : Ismail Amir
Member : Ribut Susanto
Member : Deddy Prihambudi
Member : Safarudin Siregar
Financial Report is prepared in accordance with accounting
principles and practices of nonprofit organization
arranged based on PSAK No. 45 regarding Non-profit
Organization Reporting. Cash flow report presents incomes
and payments of cash and cash equivalents classified
into operational activities, investment and funding.
Organizational Structure of National Secretary of FITRA
Secretary General : Yuna Farhan
Office Manager : Nurjana
Politic Division of
State Budget : Arif Nur Alam
Advocacy and Network
Strategy Division : Sri Nila Wati
Resource Unit : Yeni Sucipto
2. ACCOUNTING PRINCIPLES SUMMARY
a. Basis of Financial Report Composition
Sekertariat National Forum Indonesia Untuk Transparansi Anggaran NOT E T O F INANC IAL S T AT E ME NT S
For years ended on December 31, 2008 and 2007
6
Cash flow statements and operational activities are
presented by indirect method.
b. Cash and Cash Equivalent
Cash and cash equivalent consists of petty cash, cash
at bank, and term deposit with period of 3 (three) months
or less since placement and not being used as security
of debt and not limited in use.
c. Business Receivables and Doubtful Receivables
Business receivables is acknowledged and presented in
the amount of their invoices.
The company does not determine amortization of doubtful
receivables based on interview, the management is assured
that all receivables are collectible therefore no reserve
is needed for such receivables.
d. Inventories
Inventories are stated in the lower value between
acquisition price and realizable net value. Acquisition
of inventories are calculated based on MPKP method (Fist
In First Out). Acquisition value cover costs to bring the
inventories to the location and present condition.
e. Stock and Commercial Papers
Stock and commercial papers are recorded and valued in
lower value between purchase price and market price
(COMWIL), any depreciation of market price and any reverse
of such depreciation is recorded and entered in
Sekertariat National Forum Indonesia Untuk Transparansi Anggaran NOT E T O F INANC IAL S T AT E ME NT S
For years ended on December 31, 2008 and 2007
7
calculation report of joint business and loss or profit
over issued stocks.
f. Transactions of related parties
The Company conducts transactions with several related
parties. In accordance with Financial Accounting Standard
Statement (PSAK) No. 7 regarding “Disclosure of Related
Parties”, related parties are defined as follows:
1. Company through one or more intermediaries controls
or is controlled by or under joint control with
reporting company (including holding companies,
subsidiaries, and fellow subsidiaries).
2. Associated company.
3. Individual who owns, directly or indirectly, interest
4. Key employees, those who have authority and
responsibility to plan, lead and control the
company’s activities including members of board of
commissioners, board of directors, and manager of
the company and immediate family of the persons.
5. The company where substantial interest in vote is
owned either directly or indirectly by any person
mentioned in point 3 and 4 or the person has
significant role on the company. This includes the
companies who have key management personnel as
reporting company.
Sekertariat National Forum Indonesia Untuk Transparansi Anggaran NOT E T O F INANC IAL S T AT E ME NT S
For years ended on December 31, 2008 and 2007
8
All transactions with related parties are conducted
based on acquisition price and normal condition such as
transaction with third parties.
g. Fixed Assets
Fixed assets are recorded in their acquisition value
less by accumulated depreciation. Unless for land
depreciated, depreciation is calculated by using straight
line method based on estimated economic life of fixed
asset as follows:
% Age (Years)
Permanent building : 5 20
Impermanent building : 10 10
Machinery and equipment : 25 4
Office inventory : 25 4
Vehicle : 12.5 8
Insignificant costs for repair and maintenance is charged
on their occurrence. Whereas substantial costs which can
strengthen significantly assets condition are capitalized.
Fixed assets no longer used or sold, recorded value and
accumulated depreciation is excluded from fixed assets
category and profit and loss are recorded in private
and loss statements of relevant year.
Lease transaction is classified as capital lease), if
meeting all criteria required by PSAK No. 30,” Accounting
of Lease”. If one of the criteria is not fulfilled,
Sekertariat National Forum Indonesia Untuk Transparansi Anggaran NOT E T O F INANC IAL S T AT E ME NT S
For years ended on December 31, 2008 and 2007
9
then transaction of lease is classified as operating
lease. Lease asset with option is presented in the
balance as part of fixed assets in the amount of cash
value of all payment of lease during period of lease.
Depreciation of fixed asset of lease is counted using
decreasing balance method based on economic life
estimate of same assets through direct ownership. Lease
payables are presented in the amount of cash value of
all payment of lease.
In accordance with PSAK No. 47 regarding “Land Accounting”
effective as of January 1, 1999, acquisition value of
right over land obtained since 1999 excludes costs
arising from such acquisition or extension of the land.
h. Acknowledgment of incomes and expenses
Incomes and expenses in relation to a transaction/
specific event is acknowledged on Accrual Basis, unless
check service is recorded at acceptance or payment of
cash. This process refers to connection of incomes and
expenses, expenses measured reliably if other conditions
for income acknowledgement can be fulfilled.
i. Taxation
Tax liability and tax credit are presented in balance
after offset. Present tax obligation is determined based
on taxable profit of related period counted based on
applicable tax tariff. Asset and liability of deferred
Sekertariat National Forum Indonesia Untuk Transparansi Anggaran NOT E T O F INANC IAL S T AT E ME NT S
For years ended on December 31, 2008 and 2007
10
tax is acknowledged over the consequence of subsequence
tax period arising from difference of total recorded
assets and liability.
Deferred tax liability is acknowledged for temporary
difference which can be deducted, as long as there is
great possibility that it can be utilized to deduct
future taxable profit.
Deferred tax is measured using applicable tax tariff or
substantially valid on balance date, deferred tax is
debited or credited in Business Revenue Report.
3. CASH AND CASH EQUIVALENT
This account constitute balance of cash and cash equivalent
with details as follows:
2008 2007
Cash
Cash of Seknas FITRA 70,517,350 -
Petty cash - -
Total 70,517,350 -
Bank
Bank Mandiri 1290005136110 - 1,072,390
Bank Mandiri 1270004741276 556,000 103,717,500
Mandiri Giro 1270004867097 60,071,480 -
Total 60,627,480 104,789,890
Total Cash and Cash Equivalent 131,144,830 104,789,890
4. Other receivables
This account constitutes balance of other receivables with
details as follows:
Sekertariat National Forum Indonesia Untuk Transparansi Anggaran NOT E T O F INANC IAL S T AT E ME NT S
For years ended on December 31, 2008 and 2007
11
2008 2007
Rp Rp
Employee Receivables
Less than 1 (one) year
Arief Rakhman M 738,000 588,000
Arif Nur Alam - 1,892,600
Eva Mulyanti - 450,000
Friska 500,000 100,000
Jelita Damanik 898,000 898,000
Kusmiatun - 895,000
Maulana 500,000 -
Nurjana - -
Roy Salama - 250,000
Ucok Sky Kadafi - 1,399,000
Yuna Farhan - -
Above 1 (one) year
Arief Rakhman M - 150,000
Arif Nur Alam 1,892,600 443,000
Endah Sricahyani S - 500,000
Eva Mulyanti 700,000 3,000,000
Friska 5,000,000 -
Kusmiatun - 1,800,000
Roy Salama 250,000 -
Sri Nilawati 4,550,000 -
Ucok Sky Kadafi 1,339,000 -
External Receivables 5,270,500 5,395,000
Program Receivables 39,639,720 8,968,500
Total Other Receivables 61,277,820 26,729,100
5. Prepaid Expenses
This account constitutes rent of office building for 2
years with outstanding value not yet charged for 2008
amounting Rp. 51,666,667.
Sekertariat National Forum Indonesia Untuk Transparansi Anggaran NOT E T O F INANC IAL S T AT E ME NT S
For years ended on December 31, 2008 and 2007
12
6. OTHER ASSETS
This account constitutes Other Assets as of December 31,
2008 and 2007 are as follows:
2008 2007
Rp Rp
Custody Fund 5,675,000 -
Reserve Fund 45,500,000 -
Others 1,072,390 -
Total Other Assets 52,247,390 -
7. BUSINESS PAYABLES
This account constitutes account payables of Seknas Fitra
on the use of Program fund, total account payable as of
December 31, 2008 and 2007 are respectively Rp. 26,966,480
and Rp. 26,529,000.-
8. TAX PAYABLES
This account constitutes Income Tax Payable Article 21 during
period of December 2008 and 2007 with details as follows:
2008 2007
Rp Rp
Income Tax Article 21 year 2007 165,000 -
Income Tax Article 21 year 2008 1,866,000 -
Total Tax Payables 2,031,000 -
For PPh payable article 21 year 2008 has been paid on April
27, 2009 whereas for PPh payable article 21 year 2007 was
paid on April 27, 2009.
Sekertariat National Forum Indonesia Untuk Transparansi Anggaran NOT E T O F INANC IAL S T AT E ME NT S
For years ended on December 31, 2008 and 2007
13
9. OTHER PAYABLES
This account constitutes Corporate Payables to Employees
and Individuals for period of December 31, 2008 and 2007
with details as follows:
2008 2007
Rp Rp
Yuna Farhan 3,000 3,000
Endah Sricahyani S 1,000,000 -
Total Other Payables 1,003,000 3,000
10. NET ASSETS
Position of net assets of Seknas Fitra as of December 31,
2008 and 2007 are as follows:
2008 2007
Rp Rp
Profit Reserve of Previous year 104,986,990 104,986,990
Profit Correction of Previous Year 876,670 -
Profit of Current Year 160,472,567 -
Total Net Assets 266,336,227 104,986,990
11. BUSINESS INCOME
This account constitutes Income account for period of
January 1 until December 31, 2008 and 2007 with details as
follows:
2008 2007
Rp Rp
Contribution of PGR 349,182,520 33,880,000
Contribution of TAF-YPPMI 50,112,500 61,725,300
Sekertariat National Forum Indonesia Untuk Transparansi Anggaran NOT E T O F INANC IAL S T AT E ME NT S
For years ended on December 31, 2008 and 2007
14
Contribution of TAF-YASMIB 38,350,000 65,047,500
Contribution of TAF-SEKNAS FITRA 63,723,750 66,000,000
Contribution of FF 50,200,000 157,950,000
Contribution of TIFA 12,681,700 70,513,000
Contribution of DRSP 181,583,480 -
Fund rising 1,500,000 3,820,000
Total Business Income 747,333,950 458,935,800
12. Business expenses
This account constitutes Business Expenses for a period of
January 1, until December 31, 2008 and 2007 with details as
follows:
2008 2007 Rp Rp
Transportation 32,057,600 14,417,400 Stationary 5,582,540 268,000 Photocopy 3,466,750 356,730 Logistics 1,860,490 1,750,250 Newspaper Subscription 1,700,000 1,604,500 Donation 2,600,000 7,280,000 Communication 25,638,390 3,819,350 Electricity/water 3,287,350 3,856,600 Consumption 6,024,150 2,150,170 Translation 3,535,000 175,000 Maintenance (service) 4,502,000 3,725,000 Document delivery 932,500 298,000 Office rent 10,333,333 - Wage 405,346,830 235,987,000 Cleanliness/Security 785,000 480,000 Others 29,536,250 7,879,800 Honorarium 23,100,000 48,040,000 Publication Materials 7,629,000 14,610,250 Office Supplies 3,223,000 2,525,450 Perdiem and Accommodation 8,881,150 9,274,980 Daily Needs 310,500 362,000 Equipment 7,450,000 17,610,000 Bank Fee 12,500 - Total Business Expenses 587,794,333 376,470,480
Sekertariat National Forum Indonesia Untuk Transparansi Anggaran NOT E T O F INANC IAL S T AT E ME NT S
For years ended on December 31, 2008 and 2007
15
13. OTHER INCOMES (EXPENSES)
This account constitutes Other Incomes (Expenses) for
period of January 1 to December 31, 2008 and 2007 with
details as follows:
2008 2007 Rp Rp
Other incomes Incomes of Check service 1,881,170 3,860,810
Other Expenses Bank Administration Cost (948,220) (858,160)
Total 932,950 3,002,650
14. PENSION BENEFIT PROGRAM
On 20 June 2000, Minister of Manpower of the Republic of
Indonesia issued Decree No. KEP-150/MEN/2000 regarding
“Settlement of Employment Termination and Determination of
Severance Pay, Past Service Gratuity, and Compensation by
Company” which requires foundation to pay severance pay,
gratuity, and compensation in case of employment termination,
based on length of service and employee salary and in
accordance with the provision as contained in the decree.
The Financial Statements for year ended on December 31,
2008 excludes accrual on such service. The management is
assured that accrual calculation of employee gratuity does
not affect significantly on financial statements, because
the Foundation has no intention to do employment termination
of its permanent employee in the next year and from past
experience the Company shows that the company has low
change of the employees.
INDEPENDENT AUDITOR’S REPORT ON
FINANCIAL STATEMENTS OF SEKRETARIAT NASIONAL FORUM INDONESIA UNTUK
TRANSPARANSI ANGGARAN (NATIONAL SECRETARIAT OF INDONESIAN FORUM
FOR BUDGET TRANSPARANCY) FOR YEARS ENDED ON
AS IF DECEMBER 2007 AND 2006
Logo
REGISTERED PUBLIC ACCOUNTANTS
AAA HHH MMMAAA DDD ,,, RRR AAA SSS YYY IIIDDD,,, HHH IIISSS BBB UUU LLL LLL AAA HHH &&& JJJ EEE RRR RRR YYY
Jl. Kepu Barat No. 90-91 B Kemayoran Central Jakarta 10620
Phones: (021) 4247872, 4264971, Fax: (021) 4240080
Email: kap_arhj@yahoo.co.id
Branch Office:
Jl. Rajamantri I No. 2 Bandung
Phones: 022.7303355 Fax: 022.7303355
NATIONAL SECRETARIAT OF INDONESIAN FORUM FOR BUDGET
TRANSPARENCY
TABLE OF CONTENT
INDEPENDENT AUDITOR’S REPORT
FINANCIAL STATEMENTS
1. Net Assets Statements 1
2. Change of Net Asset Calculation Statements 2
3. Cash Flow Statement 3
4. Financial Statements Analysis 4
NOTE TO FINANCIAL STATEMENTS
1. General 5
a. Incorporation
b. Business Field
2. Accounting Principles Summary 6
3. Explanation of Net Asset Accounts 10
4. Explanation of Net Asset Calculation Accounts 12
Logo AAA HHH MMM AAA DDD ,,, RRR AAA SSS YYY III DDD ,,, HHH IIISSS BBB UUU LLL LLL AAA HHH &&& JJJ EEE RRR RRR YYY
REGISTERED PUBLIC ACCOUNTANTS NIU.KAP: 586/KM.I/2007 & 800/KM.I/2007
Jl. Kepu Barat No. 90-91 B Kemayoran Central Jakarta 10620. Phones: (021) 4247872, 4264971, Fax: (021) 4240080
Email: kap_arhj@yahoo.co.id Jl. Rajamantri I No. 2 Bandung. Phones: 022.7303355 Fax: 022.7303355
INDEPENDENT AUDITOR’S REPORT
Number:945C/ARHJ-RD/MON-SNFI/6A/08.09
To
National Board & Management
Sekertariat Nasional Forum Indonesia Untuk Transparansi Anggaran
in
We conducted our audit in accordance with auditing standards
established by the Indonesian Institute of Accountants. Those
standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements
are free of material interpretation. An audit includes examining,
on a test basis, evidence supporting the amounts and disclosures
in the financial statements. An audit also includes assessing
the accounting principles used and significant estimates made
Jakarta
We have audited the Net Assets Statements of Sekertariat
Nasional Forum Indonesia Untuk Transparansi Anggaran as of
December 31, 2008, Net Assets Change Statements and cash flow
statements for the years ended on such date. These financial
statements are the responsibility of the Company’s management.
Our responsibility is to express an opinion on these financial
statements based on our audit.
by the management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our opinion, the financial statements referred to above
present fairly, in all material respects, the financial position
of Sekertariat National Forum Indonesia Untuk Transparansi
Anggaran as of December 31, 2007, and the results of their
operations and cash flows for the years ended on such date in
conformity with generally accepted accounting principles in
Indonesia.
Sealed and signed
NIAP: 98.1.0408 DR. Achmad R.K, Ak.MM
Jakarta, August 21, 2009
Sekretariat Nasional Forum Indonesia Untuk Transparansi Anggaran
(Seknas FITRA) NET ASSETS STATEMENTS
As of December 31, 2007 and 2006 (Stated in Rupiahs)
1
Note December 31, 2007 December 31, 2006
ASSETS
Current Assets
Cash and Bank 3.1. 104.789.890,00 115.254.420,00
Account Receivables 3.2. 26.726.100,00 27.769.600,00
Total Current Assets 131.515.990,00 143.024.020,00
AVAILABLE ASSETS 131.515.990,00 143.024.020,00
LIABILITY
Short Term Liability
Operation Debts 3.3. 26.529.000,00 123.505.000,00
Total Short Term Liability 26.529.000,00 123.505.000,00
NET ASSETS 104.986.990,00 19.519.020,00
See notes to the financial statements which form an inseparable part of the financial statements.
Sekretariat Nasional Forum Indonesia Untuk Transparansi Anggaran (Seknas FITRA)
C HANG E OF NE T AS S E D C AL C UL AT ION S T AT E ME NT Period of January 1 to December 31, 2007 and 2006
(Stated in Rupiahs)
2
Note December 31, 2007 December 31, 2006
INCOMES
Incomes 4.1. 458.935.800,00 411.135.950,00
Gross Profit 458.935.800,00 411.135.950,00
EXPENSES
Direct Expenses 4.2. 374.470.480,00 332.211.060,00
Operation Profit/(Loss) 82.465.320,00 78.924.890,00
OTHER INCOMES (EXPENSES)
Other incomes 4.3. 3.860.810,00 2.801.230,00
Other expenses 4.4. (858.160,00) (662.740,00)
Other Incomes (Expenses) 3.002.650,00 2.138.490,00
Change of Net Assets 85.467.970,00 81.063.380,00
Estimate of income tax 0.00 0,00
Net asset of Beginning Period 4.5. 19.519.020,00 (61.544.360,00)
Total net assets 104.986.990,00 19.519.020,00
See notes to the financial statements which form an inseparable part of the financial statements.
Sekretariat Nasional Forum Indonesia Untuk Transparansi Anggaran (Seknas FITRA)
C AS H F L OW S T AT E ME NT S For years ended on December 31 2007 and 2006
(Stated in Rupiahs)
3
DESCRIPTION 31-Dec-07 31-Dec-06
Operation
- Change of Net Assets
- Net Assets 85.467.970 81.063.380
- (Increase)/Decrease of Receivables 1.043.500 (76.596.950)
- (Increase)/Decrease of Other Receivables 0 0
- (Increase)/Decrease of Prepaid Tax 0 00
- (Increase)/Decrease of Prepaid Expenses 0 0
- (Increase)/Decrease of Advances 0 0
- (Increase)/Decrease of Inventories 0 0
- (Increase)/Decrease of Other Assets 0 0
- Increase/(Decrease) Operation Debts (96.976.000) 23.505.000
- Increase/(Decrease) of Prepaid Incomes 0 0
- Increase/(Decrease) of Expenses Payables 0 0
- Increase/(Decrease) of Other Liabilities 0 0
Net Cash Flow of Operations (10.464.530) 27.971.430
Investment Activity
- (Increase)/Decrease of Fixed Assets 0 0
Funding Activity
- Increase/(Decrease) of Capital Reserve 0 0
- Increase/(Decrease) of Capital Payment 0 0
Increase/(Decrease) of Net Cash & Cash Equivalent (10.464.530) 27.971.430
Cash & Cash Equivalent Beginning Period 115.254.420 87.282.990
Cash & Cash Equivalent End Period 104.789.890 115.254.420
See notes to the financial statements which form an inseparable part of the financial statements.
FORUM INDONESIA FOR BUDGET TRANSPARENCY FINANCIAL STATEMENT ANALYSIS
YEAR 2007 AND 2006
4
NO DESCRIPTION YEAR 2007
YEAR 2006
1.
CURRENT ASSET
LIQUIDITY = ------------------------------ x 100% = CURRENT LIABILITY
131.515.990,00 ---------------------- x 100% = 495.74% 26.529.000,00
143.024.020,00 --------------------- x 100% = 115.80% 123.505.000,00
2.
TOTAL ASSETS SOLVABILITY= ----------------------- x 100 % =
TOTAL LIABILITY
131.515.990,00 ---------------------- x 100% = 495.74% 26.529.000.00
143.024.020,00 ---------------------- x 100% = 115.80% 123.505.000,00
3.
OUTSTANDING BUSINESS INCOMES RENTABILITY = ----------------------------------------------------- x 100 % =
EQUITY
85.467.970,00 -------------------- x 100% = 81.41% 104.986.990,00
81.063.380,00 -------------------- x 100% = 415.30% 19.519.020,00
S E K R E T AR IAT NAS IONAL F OR UM INDONE S IA UNT UK T R ANS P AR ANS I ANG G AR AN
(S E K NAS F IT R A) NOT E T O F INANC IAL S T AT E ME NT S P E R 31 DE S E MB E R 2007 AND 2006
5
1. GENERAL
a. Corporate Incorporation
Forum Indonesia untuk Transparansi Anggaran (FITRA) was
established in Jakarta with Notary Deed No. 6 dated
September 20, 1999, drawn up before Henry Siregar, SH.
FITRA is an organization which is engaged in the field
of social control for transparency of state budget
processes. This organization is autonomous, non-profit,
and independent in conducting its activities.
Vision of FITRA is “To Materialize People’s Sovereignty
over Budget”
Mission of FITRA:
- Achievement Implementation of transparency and
accountability in planning, implementation and
control of state budget.
- Achievement of state budget which has basis and
orientation on people’s need.
- As reference for discourse and movement of budget
transparency in and for Indonesia.
Seknas FITRA is domiciled in Jl. Duren Tiga Selatan No.
68a, South Jakarta.
b. Board of Commissioners, Board of Directors and Employees
National Board
Chairman : Dian Rahardjo
S E K R E T AR IAT NAS IONAL F OR UM INDONE S IA UNT UK T R ANS P AR ANS I ANG G AR AN
(S E K NAS F IT R A) NOT E T O F INANC IAL S T AT E ME NT S P E R 31 DE S E MB E R 2007 AND 2006
6
Vice Chairman : Teten Masduji
Secretary : Hana Satriyo
Vice Secretary : Ismail Amir
Member : Ribut Susanto
Member : Deddy Prihambudi
Member : Safarudin Siregar
Organizational Structure of National Secretary of FITRA
-Secretary General : Yuna Farhan
-Office Manager : Nurjana
2. ACCOUNTING PRINCIPLES SUMMARY
a. Basis of Financial Report Composition
Financial Report is prepared in accordance with generally
accepted accounting principles and practices in Indonesia.
The Financial Statements are prepared based on the
concept of acquisition cost. The financial statements
are prepared on accrual basis. Cash flow report presents
incomes and payments of cash and cash equivalents
classified into operational activities, investment and
funding. Cash flow statements and operational activities
are presented by indirect method.
b. Cash and Cash Equivalent
Cash and cash equivalent consists of petty cash, cash
at bank, and deposit.
S E K R E T AR IAT NAS IONAL F OR UM INDONE S IA UNT UK T R ANS P AR ANS I ANG G AR AN
(S E K NAS F IT R A) NOT E T O F INANC IAL S T AT E ME NT S P E R 31 DE S E MB E R 2007 AND 2006
7
c. Amortization of Doubtful Receivables
The Company determines amortization of doubtful receivables
based on analysis the condition of account receivable
of customers at the end year.
d. Inventories
Inventories are stated based on acquisition value and
recording is done periodically.
e. Prepaid expenses
Prepaid expenses are charged on their economic value.
f. Transactions with related parties
The Company conducts transactions with several related
parties. In accordance with Financial Accounting Standard
Statement (PSAK) No. 7 regarding “Disclosure of Related
Parties”, related parties are defined as follows:
1. Company through one or more intermediaries controls
or is controlled by or under joint control with
reporting company (including holding companies,
subsidiaries, and fellow subsidiaries).
2. Associated company.
3. Individual who owns, directly or indirectly, interest
to vote in the company which affect significantly and
immediately family of the individual (immediately
family shall means those who are expected to affect
or to be affected by the individual in their
transaction with reporting company.
S E K R E T AR IAT NAS IONAL F OR UM INDONE S IA UNT UK T R ANS P AR ANS I ANG G AR AN
(S E K NAS F IT R A) NOT E T O F INANC IAL S T AT E ME NT S P E R 31 DE S E MB E R 2007 AND 2006
8
4. Key employees, those who have authority and responsibility
to plan, lead and control the company’s activities
including members of board of commissioners, board
of directors, and manager of the company and immediate
family of the persons.
5. The company where substantial interest in vote is
owned either directly or indirectly by any person
mentioned in point 3 and 4 or the person has
significant role on the company. This includes the
companies who have key management personnel as
reporting company.
All transactions with related parties are conducted
based on acquisition price and normal condition such as
transaction with third parties.
g. Fixed Assets
Fixed assets are recorded in their acquisition value
less by accumulated depreciation. Unless for land
depreciated, depreciation is calculated by using straight
line method based on estimated economic life of fixed
asset as follows:
Office inventory : 4 years
Vehicle : 4 years
Insignificant costs for repair and maintenance is charged
on their occurrence. Whereas substantial costs which
S E K R E T AR IAT NAS IONAL F OR UM INDONE S IA UNT UK T R ANS P AR ANS I ANG G AR AN
(S E K NAS F IT R A) NOT E T O F INANC IAL S T AT E ME NT S P E R 31 DE S E MB E R 2007 AND 2006
9
can strengthen significantly assets condition are
capitalized. Fixed assets no longer used or sold, recorded
value and accumulated depreciation is excluded from
fixed assets category and profit and loss are recorded
in private and loss statements of relevant year.
Lease transaction is classified as capital lease), if
meeting all criteria required by PSAK No. 30, “Accounting
of Lease”. If one of the criteria is not fulfilled,
then transaction of lease is classified as operating
lease. Lease asset with option is presented in the balance
as part of fixed assets in the amount of cash value of
all payment of lease during period of lease. Depreciation
of fixed asset of lease is counted using decreasing
balance method based on economic life estimate of same
assets through direct ownership. Lease payables are
presented in the amount of cash value of all payment of
lease.
In accordance with PSAK No. 47 regarding “Land Accounting”
effective as of January 1, 1999, acquisition value of
right over land obtained since 1999 excludes costs
arising from such acquisition or extension of the land.
h. Acknowledgment of incomes and expenses
Business incomes is acknowledged at the time of submission
to customers. Expenses are acknowledged according to
its economic life in the related year on accrual basis.
S E K R E T AR IAT NAS IONAL F OR UM INDONE S IA UNT UK T R ANS P AR ANS I ANG G AR AN
(S E K NAS F IT R A) NOT E T O F INANC IAL S T AT E ME NT S P E R 31 DE S E MB E R 2007 AND 2006
10
i. Taxation
Income tax is acknowledged with tax liability method.
By this method, income tax is determined based on taxable
income for such year.
j. Income Tax Benefit (expenses)
Until 2005, the Company applies deferred method according
to PSAK No. 46 regarding “Income Tax Accounting”. This
deferred tax method is conducted to reflect tax effect
in the future for time difference between commercial
and fiscal reporting and accumulated fiscal loss
represented net in assets position and liability.
3. EXPLANATION OF NET ASSET ACCOUNTS
3.1 CASH AND CAHS EQUIVALENT
Estimation of Cash and Cash Equivalent as of December 31,
2007 and 2006 are as follows:
31-Dec-07
Rp
31-Dec-06
Rp
Cash
Cash of Seknas FITRA 0,00 44.932.030,00
Bank
Bank Mandiri 1290005136110 1.072.390,00 70.322.390,00
Bank Mandiri 1270004741276 103.717.500,00 0.00
Total 104.789.890,00 115.254.420,00
3.2 ACCOUNT RECEIVABLES
Estimates of Account Receivables as of December 31, 2006
and 2005 are as follows:
S E K R E T AR IAT NAS IONAL F OR UM INDONE S IA UNT UK T R ANS P AR ANS I ANG G AR AN
(S E K NAS F IT R A) NOT E T O F INANC IAL S T AT E ME NT S P E R 31 DE S E MB E R 2007 AND 2006
11
31-Dec-07
Rp
31-Dec-06
Rp
Staff Loan
Arief Rakhman M 588.000,00 450.000,00
Arif Nur Alam 1.892.600,00 1.223.600,00
Eva Mulyabti 450.000,00 500.000,00
Friska 100.000,00 100.000,00
Jelita Damanik 898.000,00 898.000,00
Kusmiatun 895.000,00 450.000,00
Roy Salama 250.000,00 0,00
Ucok Sky Kadafi 1.399.000,00 1.399.000,00
Yuna Farhan (3.000,00) 0,00
LONG TERM
Arief Rakhman M 150.000,00 800.000,00
Arif Nur Alam 443.000,00 0,00
Endah Sricahyani S 500.000,00 (500.000,00)
Eva Mulyabti 3.000.000,00 0,00
Kusmiatun 1.800.000,00 (300.000,00)
EXTERNAL RECEIVABLES 5.395.000,00 9.395.000,00
PROGRAM RECEIVABLES 8.968.500.00 2.801.500,00
CUSTODY FUND 0,00 10.552.500,00
Total 26.726.100,00 27.769.000,00
3.3 LIABILITY
Liability Estimate as of December 31, 2006 and 2005 are
as follows:
31-Dec-07
Rp
31-Dec-06
Rp
Liability of Seknas FITRA 25.529.000,00 123.505.000,00
Total 25.529.000,00 123.505.000,00
S E K R E T AR IAT NAS IONAL F OR UM INDONE S IA UNT UK T R ANS P AR ANS I ANG G AR AN
(S E K NAS F IT R A) NOT E T O F INANC IAL S T AT E ME NT S P E R 31 DE S E MB E R 2007 AND 2006
12
4. EXPLANATION OF NET ASSET CALCULATION ACCOUNTS
4.1 INCOMES
Total incomes period of January 1 to December 31, 2006
and 2005 are as follows:
31-Dec-07
Rp
31-Dec-06
Rp
Contribution of PGR 33.880.000,00 0,00
Contribution of TAF-YPPMI 61.725.300,00 122.555.500,00
Contribution of TAF-YASMIB 65.047.500,00 70.634.000,00
Contribution of TAF-NTB-ICW 0,00 155.119.500,00
Contribution of NTT PIAR 0,00 20.826.950,00
Contribution of TAF-SEKNAS FITRA 66.000.000,00 0,00
Contribution of FF 157.950.000,00 42.000.000,00
Contribution of TIFA 70.513.000,00 0,00
Fund rising 3.820.000,00 0,00
Total 458.935.800,00 411.135.950,00
4.2 BUSINESS EXPENSES
Total expenses period of January 1 to December 31,
2006 and 2005 are as follows:
31-Dec-07
Rp
31-Dec-06
Rp
INSTITUTIONAL SUPPORT
Transportation 14.417.400,00 13.830.930,00
Stationary 268.000,00 1.330.250,00
Photocopy 356.730,00 2.797.060,00
Logistics 1.750.250,00 1.342.200,00
Newspaper Subscription 1.604.500,00 1.574.500,00
Donation 7.280.000,00 1.927.130,00
Communication 3.819.350,00 14.175.950,00
Electricity/water 3.856.600,00 2.485.460,00
Consumption 2.150.170,00 2.354.510,00
Translation 175.000,00 510.000,00
S E K R E T AR IAT NAS IONAL F OR UM INDONE S IA UNT UK T R ANS P AR ANS I ANG G AR AN
(S E K NAS F IT R A) NOT E T O F INANC IAL S T AT E ME NT S P E R 31 DE S E MB E R 2007 AND 2006
13
Maintenance (service) 3.725.000,00 1.755.000,00
Document delivery 298.000,00 793.100,00
Wage 235.987.000,00 199.600.000,00
Cleanliness/Security 480.000,00 140.000,00
Others 7.879.800,00 3.284.870,00
Honorarium 48.040.000,00 13.250.000,00
Publication Materials 14.610.250,00 33.010.700.00
Office Supplies 2.525.450,00 1.052.900,00
Perdiem and Accommodation 9.274.980,00 16.122.000,00
Daily Needs 362.000,00 450.000,00
Equipment 17.610.000,00 20.424.500,00
Total 376.470.480,00 332.211.060,00
4.3 OTHER INCOMES
Total other incomes period of January 1 to December
31, 2006 and 2005 are as follows:
31-Dec-07
Rp
31-Dec-06
Rp
Bank Interest
Bank Mandiri 1290005136110 0,00 2.801.230,00
Bank Mandiri 1270004741276 3.860.810,00 0,00
Total 3.860.810.00 2.801.230,00
4.4 OTHER EXPENSES
Other incomes period of January 1 to December 31, 2006
and 2005 are as follows:
31-Dec-07
Rp
31-Dec-06
Rp
Bank Charge
Bank Mandiri 1290005136110 0,00 662.740,00
Bank Mandiri 1270004741276 858.160,00 0,00
Total 858.160,00 662.740,00
S E K R E T AR IAT NAS IONAL F OR UM INDONE S IA UNT UK T R ANS P AR ANS I ANG G AR AN
(S E K NAS F IT R A) NOT E T O F INANC IAL S T AT E ME NT S P E R 31 DE S E MB E R 2007 AND 2006
14
4.5 NET ASSETS OF BEGINNING PERIOD
Total net assets of beginning period for period of
January 1 to December 2006 and 2005 are as follows:
31-Dec-07
Rp
31-Dec-06
Rp
Net Asset of Beginning Period 19.519.020,00 (61.544.360,00)
Total 19.519.020,00 (61.544.360,00)
I do hereby certify that the above is a true and accurate translation of the Indonesian document presented to me.
Jakarta, March 26, 2010
F a t c h u r o z a k Sworn & Authorized Translator
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