PLN assets’ revaluation to help company expand

The revaluation move by state-owned electricity company PT PLN’s fixed assets is necessary to improve the company’s balance sheets and expand its businesses, said RSM AAJ tax consultant Sentot Agus Priyanto.

PLN has submitted the documentation for the assets’ revaluation to the directorate general of taxes.

State-owned railway operator PT Kereta Api Indonesia (KAI) is expected to follow suit.

According to Sentot, the purpose of a revaluation is to bring into the books of the fair market value of fixed assets that may be helpful in order to get funds for business expansion.

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Posted October 9, 2015 by repit in News

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