Questions:
a. Based on the financial statements above, explain possible debt to equity swap scheme carried out by the client!
b. What evidence do you need to collect to ensure that the client's debt to equity swap is free from material misstatement?
2010 Catatan/ Notes 2009 LIABILITIES AND SHAREHOLDERS' EQUITY 63.218.778.659 2b,h,m,q, 10,24 59.461.174.390 16.049.325.984 2b,i,m,4,11,24 11.810.234.601 3.289.221.216 2n,20b 76.862.642 44.048.187 1.322.870.535 12 1.259.063.830 896.800.000 25,4 CURRENT LIABILITIES Short-term bank loans Trade payables - Third parties Taxes payable Other payables Accrued expenses Advance on sales 9.120.148.381 153.161.300 2b,h,m,4,13,24 84.930.157.694 81.771.532.031 Current maturities of long-term debts Total Current Liabilities NON-CURRENT LIABILITIES KEWAJIBAN DAN EKUITAS KEWAJIBAN LANCAR Pinjaman bank jangka pendek Hutang usaha - Pihak ketiga Hutang pajak Hutang lain-lain Biaya masih harus dibayar Uang muka penjualan Bagian kewajiban jangka panjang yang jatuh tempo dalam waktu satu tahun Jumlah Kewajiban Lancar KEWAJIBAN TIDAK LANCAR Kewajiban jangka panjang. Setelah dikurangi bagian yang jatuh tempo dalam waktu satu tahun Kewajiban pajak tangguhan - Bersih Kewajiban diestimasi imbalan pasca-kerja Jumlah Kewajiban Tidak Lancar Jumlah Kewajiban EKUITAS Modal saham - nilai nominal Rp 100 per saham Modal dasar - 4.000.000.000 saham Modal ditempatkan dan disetor penuh - 1.500.000.000 saham (2009: 1.300.000.000 saham) Tambahan modal disetor - Bersih Saldo laba Jumlah Ekuitas 128.338.374 2b,h,m,9,13,24 45.066.961.090 18.457.040.328 2n,200 18.329.375.900 1.975.245.056 23,22 1.588.160.200 20.560.623.758 64.984.497.190 105.490.781.452 146.756.029.221 Long-term debts - net of current maturities Deferred tax liabilities - Net Estimated liabilities for post-employment benefits Total Non-Current Liabilities Total Liabilities SHAREHOLDERS' EQUITY Share capital - par value Rp 100 per share Authorized - 4,000,000,000 shares Issued and fully paid. 1,500,000,000 shares (2009: 1,300,000,000 shares) Additional paid-in capital - Net Retained earnings Total Shareholders' Equity TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 14 2k,15 150.000.000.000 33.542.841.148 45.916.926.397 229.459.767.545 130.000.000.000 4.367.923.968 21.257.157.437 155.625.081.405 JUMLAH KEWAJIBAN DAN EKUITAS 334.950.548.997 302.381.110.626
