A Guide to Filing Annual Financial Statements for Companies in Indonesia

A Guide to Filing Annual Financial Statements for Companies in Indonesia

InCorp Editorial Team

Table of Content

The majority of companies doing business in Indonesia are required to submit the annual financial statements (laporan keuangan tahunan perusahaan/LKTP). The financial statement in Indonesia generally consists of information about the financial condition of a company, in the forms of company balance, loss-profit or other reports describing financial performance and are organised based on accounting standards, that spans 12 consecutive months. Such reports must also be authorised by Public Accountant  and have been ratified by the General Meeting of Shareholders or other authorities based on the applicable regulations. The purpose of submitting the financial statements is to let the outsiders know about the condition of the company.

Who Should File the Annual Financial Statements in Indonesia?

As briefly mentioned above, not every company is required to file the annual financial statement in Indonesia. Only the following companies must fulfill the obligation:

1. Limited liability companies with one of the following criteria:

  • Publicly listed companies (Tbk);
  • Companies with business activities related to the management of public funds;
  • Companies that have issued statement of debt recognition;
  • Companies with total asset of minimum of IDR 25,000,000,000 (twenty five billion Rupiah); or
  • Debtors, whose annual financial reports are mandated by the bank to be subject to annual audit.


2. Foreign companies that are located and conducting business in the territory of Republic of Indonesia, including branch offices, assisting offices, subsidiaries, agents and company representatives with the authority to conduct agreement.

3. Government owned companies (PERSERO), general companies (PERUM) and regional companies.

When and Where Should You Submit the Annual Financial Statements in Indonesia?

The annual financial statements should be submitted maximum six months after the end of the yearbook period. Submission should be made to the Ministry of Trade via its website. After a successful submission, the processing time should take approximately five working days.

Consequences for Negligence

Failure to satisfy the requirements of the accounting standards and fulfill the obligation will result in several consequences as follows:

  • Written warning
  • Revocation of company business and/or operational permit or commercial permit
  • Recommendation of revocation of company business and/or operational permit or commercial permit


The warning shall be sent within 14 days, for up to 3 times.

How Cekindo can Assist

In case you are having trouble in preparing the annual financial statements of your company, it is always best to engage a team of financial experts with many years of experience in preparing and submitting the statements to the authority, like Cekindo.

Get in touch with us now by filling in the form below.


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