You are on page 1of 17

Ekuitas

Akuntansi Perpajakan

11/04/2016 1
Equity
 The residual interest in the assets of the company after deducting all
liabilities
 Components:
1. Share capital
2. Share premium
3. Retained earnings
4. Accumulated other comprehensive income
5. Treasury shares
6. Non controlling interest (minority interest)

11/04/2016 2
Par value shares
• 1 March 2015, Moseley (PKP) issued 1.000.000 ordinary shares at par
value of Rp 1.000 in primary market. Transaction price is Rp 1.500 per
share.
• Cash Rp 1.491.000.000
• Income Tax Art 4(2) Rp 9.000.000
• Share Capital-ordinary Rp1.000.000.000
• Share Premium-ordinary Rp 500.000.000

11/04/2016 3
No Par Shares
• 1 March 2015, Moseley (PKP) issued 1.000.000 ordinary shares in
primary market. Transaction price is Rp 1.500 per share.
• Cash Rp 1.491.000.000
• Income Tax Art 4(2) Rp 9.000.000
• Share Capital-ordinary Rp1.500.000.000
• Without any share premium reported

11/04/2016 4
Shares issued with other Securities (Lump
Sum Sales)
• Challange: method to allocate the proceeds
1. Proportional Method
2. Incremental Method

11/04/2016 5
Proportional Method
• Company issues 1.000 shares of Rp 1.000 stated value ordinary shares
having a fair value of Rp 2.000 a share and 1.000 shares of Rp 1.000
par value preference shares having a fair value of Rp 1.200 a share for
lump sum Rp 3.000.000.
• FV of ordinary (1.000 x Rp 2.000) = Rp 2.000.000
• FV of preference (1.000 x Rp 1.200) = Rp 1.200.000
• Aggregate = Rp 3.200.000
• Ordinary: 2.000.000/3.200.000x3.000.000=Rp1.875.000
• Preferen:1.200.000/3.200.000x3.000.000 =Rp1.125.000
• Total Allocation =Rp3.000.000
11/04/2016 6
Proportional Method Journal
• Cash Rp 2.997.000
• Inc Tax Art4(2) Rp 3.000
• Share Capital-ordinary Rp 1.000.000
• Share Premium-ordinary Rp 875.000
• Share Capital-preference Rp 1.000.000
• Share Capital-preferences Rp 125.000
• Note: transaction in secondary market

11/04/2016 7
Incremental method
• Requirement: cannot determine all the fair value
• Company issues 1.000 shares of Rp1.000 stated value ordinary shares
having a fair value of Rp2.000 and 1.000 shares of Rp1.000 par value
preference share having no established fair value, for lump sum of Rp
3.000.000
• Lump sum receipt Rp 3.000.000
• Ordinary(1.000xRp2.000)(Rp 2.000.000)
• Preference Rp 1.000.000

11/04/2016 8
Incremental Method Journal
• Cash Rp 2.997.000
• Inc Tax Art4(2) Rp 3.000
• Share Capital-ordinary Rp 1.000.000
• Share Premium-ordinary Rp 1.000.000
• Share Capital-preference Rp 1.000.000
• Note: transaction in secondary market

11/04/2016 9
Non Cash Transaction
• Rule: record shares issued for non cash at fair value unless it cannot
be measured reliably, use the fair value of shares issued
• Moseley issues 100.000 of Rp1.000 par value ordinary shares.
Moseley cannot determine the fair value of the shares but the fair
value of the patent is Rp 150.000.000
• Patent Rp 150.000.000
• Share Capital-Ordinary Rp 100.000.000
• Share Premium-ordinary Rp 50.000.000

11/04/2016 10
Cost of issuing
• Record direct cost incurred to sell shares such as underwriting cost,
accounting and legal fees, printing costs and taxes as a reduction of
the amounts paid in and debits to share premium.

11/04/2016 11
Issues shares (on the floor)
• 25 January 2015, Moseley issues ordinary shares with carrying value
of Rp 200.000.000,receiving Rp 287.220.000 in secondary market
stock exchange. Levy or transaction cost was 0,03% and income tax
article 4 ver 2 was 0,1%
• Cash 286.846.614
• Inc tax Art 4(2) 287.220
• Transaction Exp 86.166
• Equity investment 200.000.000
• Share-Premium 87.220.000
• In IPO, extra Income tax article 4 ver 2 is 0,5%

11/04/2016 12
Reacquisition of shares
• It considers as dividend
• Reacquisition method: Cost method and Par value method
• Moseley acquire 10.000 shares at Rp 1.100 per share. There is
information about issuance transaction acquired Rp 5.000.000 share
premium
• Treasury stock Rp 11.000.000
• Cash Rp 11.000.000
• Share premium Rp 5.000.000
• Income tax art23 liability Rp 750.000
• Cash Rp 4.250.000

11/04/2016 13
Cash Dividend
• 31 December 2015, Moseley (PKP) declared a cash dividen of Rp
4.200.000 to Hindmarsh with 20% interest
• Cash Dividend 4.200.000
• Cash Dividend Payable 3.570.000
• Income tax 23 liability 630.000

11/04/2016 14
Requirement of Revaluation
• Fulfill all its tax obligations up to the last tax period before the period
of the assessment of revaluation
• Excluding the company obtained permission to keep books in the
English language and currency United States Dollar

Income Tax Article 19 rate


• 10% of the excess over revaluation
• Final
• Time limit : 5 years
11/04/2016 15
Revaluation Case
• PT Dynaplast has purchased land in 1980 amounting to Rp
15,000,000. At the time of making the financial statements in 2014,
PT Dynaplast reassessment or revaluation of the value of the land.
Revaluation by appraiser turns valued at Rp 150 million. What is the
income tax payable on the revaluation is done?

11/04/2016 16
Revaluation Journal Entry
• Land Rp 135.000.000
• Unrealized Gain on RevaluationRp 121.500.000
• Income Tax Art19 Rp 13.500.000

11/04/2016 17