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PSAK 22:

KombinasiBisnis

Agenda
1 2 3 4 5 Pendahuluan MetodeAkuisisi AkuntansidanPengukuransetelah PengakuanAwal Pengungkapan KetentuanTransisi

PSAK 22

ISI

Metode Akuisisi

Akuntansi dan Pengukuran k setelah l h Pengakuan Awal Pedoman Aplikasi Efektif berlaku 2011 Menggantikan PSAK 22 1994

Pengungkapan k

Teorikonsolidasi
Entity Theory menganggap entitas konsolidasi sebagai satu entitas tersendiri y yang g dimiliki oleh induk dan non p pengendali g Parent Theory menganggap konsolidasi sebagai perpanjangan entitas induk
Atribut Perbedaan fair value dari aset dan liabilitas terindentifikasi p pada saat akuisisi Penyajian pihak non pengendali / NCI Goodwill Entity Theory Diakui penuh, mencerminkan hak untuk induk dan non pengendali pengendali. Sebagai bagian dari ekuitas Goodwill merupakan aset entitas yang diakui penuh pada tanggal akuisis Parent Theory Hanya diakui sebesar hak induk Tidak sebagai equity atau utang (sebelum ekuitas) Goodwill hanya milik induk

PSAK 22danIFRS3RBusinessCombination

PSAK 22 1994

Kecuali Under common control Ventura bersama Purchase dan Polling of interest Komponen harga perolehan Panduan tersendiri untuk menentukan nilai wajar Diukur dengan nilai wajar saat perolehan tidak ada penilaian kembali Berdasarkan nilai tercatat netto Goodwill parent Diamortisasi Di ti i Neg goodwiil diakui

Ruang Lingkup Metode Pencatatan Biaya akuisisi Pengukuran aset dan liab Akuisisi bertahap

Kecuali UCC Ventura bersama Akuisisi aset Metode Akuisisi

PSAK 22 2010

Dibebankan periode berjalan Mengikuti SAK lain Diukur kembali, selisih diakui laba/rugi Berdasarkan nilai wajar / porsi aset identifikasi Goodwill entity impairment Neg N goodwiil d iil laba/rugi

Non Pengendali

Goodwill
5

PerbedaandenganPSAK22danIFRS3

Tanggal effektif Penerapan dini dihilangkan Ketentuan transisi Goodwill Negatif goodwill Aset tidak berwujud Investasi metode ekuitas

PSAK 22 2010

PrinsipdalamPSAK22/IFRSR3
DoubleColumnApproach
Excludedelements Goodwill Consideration transferred Previously heldinterest Noncontrolling interest Identifiable assetsand a d liabilities

2009

PrinsipdalamIFRS3R
Excludedelements (IFRS3R)
Excluded elements are p payments y made at the time of the acquisition which do not form part of consideration transferred. Consider (a) reasons for the transaction; (b) who initiated the transaction; (c) timing of the transaction. [App B para B50]. Examples
Transaction costs. [para 53]. Settlement of pre-existing relationships. [para 52]. Remuneration for future employee services. [para 52]. Reimbursement for paying the acquirers acquisition costs. [para 52]. Costs to issue debt or equity. [para 53]. Payment for Indemnification assets. [para 57].

Goodwill
Goodwill is residual Full or partial goodwill depends on measurement of NCI Bargain purchase Re-assess fair values (Para 36) Recognise gain in profit or loss (Para 34)

2009

PrinsipdalamIFRS3R
Consideration transferred
Components p (Para 37) ( ) Assets transferred Liabilities incurred by acquirer to former owners Equity interests issued by acquirer All consideration is recognised and measured at fair value Forms of consideration transferred (examples) Cash, other assets, businesses or subsidiaries of the acquirer Contingent consideration (Para 39,40) Equity instruments, options, warrants 37) Deferred consideration Replacement share awards (Para B56) Contingent consideration (39, 40, 58) Classify as liability or equity Equity is not re-measured Liability is re-measured through profit or loss 2009
9

PrinsipdalamIFRS3R
Previously heldinterest
(Para 42) Re-measure a previously held interest at its acquisition date fair value Recognise a gain or loss in profit or loss Recycle items of other comprehensive h i income

Identifiable assetsand Liabilities assumed


Recognized g if: Definition of assets and liabilities is met at the acquisition date; and They are part of what was exchanged in the business combination (Para 11 11,12) 12) Identifiable assets and liabilities assumed are measured at fair value (Para 18) Exceptions to the recognition and/or remeasurement Contingent liabilities (Para 22,23) Income taxes (Para 24,25) Employee benefits (Para 26) Indemnification assets (Para 27,28) Re-acquired rights (Para 29) Share-based payment awards (Para 30) Assets held for sale (Para 31) Measurement period (Para 45-50) 2009
10

PrinsipdalamIFRS3R
Noncontrolling I t Interest t
Measure NCI either at fair value or at the NCIs proportionate p p share of the acquirees identifiable net assets (Para 19; B 44, 45) Measurement choice for each combination NCI measurement determines goodwill

Identifiable assetsand Liabilities


assumed Areas to watch out for: Contracts should be re-assessed except p for insurance and leases (Para 15-17) All identifiable assets are recognised (Para B31-40) Restructuring provisions are rarely recognised (Para 11) Measurement period (Para 45-50)

2009

11

Pengukuransetelahakuisisi&Transisi
Subsequent remeasurement
(Para 54-58) Reacquired rights Contingent liabilities Indemnification assets Contngent consideration

Transitional provisions
(Para 65-67) All assets and liabilities that arose from q are g grandfathered Pre-3R acquisitions Changes in deferred taxes assets (DTA) Previously recognised changes to DTA are grandfathered df th d Changes post 3R adoption recognised in income statement unless nless viewed ie ed as a meas measurement rement period adjustment Changes in contingent consideration related to a Pre-3R Pre 3R acquisitions continue to be adjusted against goodwill 2009
12

Tujuan
Meningkatkan relevansi, keandalan, daya banding informasi mengenai kombinasi bisnis dan dampaknya

Mengukur aset teridentifikasi, liabilitas yang diambil alih dan kepentingan non pengendali

Mangakui dan mengukur goodwill atau keuntungan dari pembelian diskon

Menentukan jenis informasi yang diungkapkan

13

RuangLingkup
Diterapkan p untuk transaksi atau peristiwa p lain yang memenuhi definisi bisnis kombinasi, tidak diterapkan untuk 1
Pembentukan P b t k ventura bersama

2
Akuisi Ak i i aset t atau t kelompok aset yang bukan merupakan suatu bisnis

3
Kombinasi K bi i entitas tit atau bisnis sepengendali (B01B04) )

14

IdentifikasiKombinasiBisnis

Kombinasi bisnis adalah suatu transaksi atau peristiwa lain dimana pihak pengakuisisi k i i i memperoleh l h pengendalian d li atas satu atau lebih bisnis.
penggabungan sesungguhnya (true merger) atau penggabungan setara (merger of equals)

15

Bisnis
Bisnis adalah suatu rangkaian terpadu dari kegiatan dan aset yang mampu diadakan dan dikelola dengan tujuan memberikan hasil dalam bentuk dividen, biaya yang lebih rendah, atau manfaat ekonomi lainnya secara langsung kepada investor atau pemilik, anggota, atau peserta lainnya.

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MetodeAkuisisi
Entitas mencatat setiap kombinasi bisnis dengan menerapkan metode akuisisi akuisisi.

a
Pengidentifikasian pihak pengakuisisi

d
Pengakuan dan pengukuran goodwill atau keuntungan dari pembelian diskon

Penentuan tanggal akuisisi

Pengakuan dan pengukuran aset teridentifikasi, yang g diambil liabilitas y alih dan kepentingan non pengendali
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Pihakpengakuisisi
Untuk setiap kombinasi bisnis, salah satu dari entitas yang bergabung diidentifikasikan sebagai pihak pengakuisisi (06) (06). Entitas yang memperoleh pengendalian atas pihak yang diakuisisi. (tidak jelas B14-B18)

1
Entitas yang mengalihkan kas atau aset atau menimbulkan li bilit liabilitas

2
Menerbitkan ekuitas. Reverse acqusition penerbit = diakuisisi

3
Ukuran relatifnya signifikan lebih besar

4
Berinisiatif Telah ada sebelum kombinasi

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PenentuanTanggalAkuisisi
Pihak pengakuisisi mengidentifikasi tanggal akuisisi, yaitu tanggal pihak pengakuisisi memperoleh pengendalian atas pihak yang diakuisisi. Tanggalpengakuisisisecarahukummengalihkanimbalan, memperolehaset,danmengambilalihliabilitaspihakyang diakuisisi,yaitutanggalpenutupan. Dapatterjadisebelumatausesudahtanggalpenutupan. Harus H mempertimbangkan i b k semuafakta f k d dankeadaan k d

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Pengakuan ketentuan
E l d d Excluded elements Consideration transferred Goodwill

Pada tanggal akuisisi, pihak pengakuisisi mengakui, Identifiable Previously assetsand heldinterest liabilities secara terpisah dari goodwill, aset teridentifikasi Nonontrolling interest yang diperoleh, liabilitas yang diambil-alih, dan kepentingan nonpengendali pihak yang diakuisisi. diakuisisi (par 10-11) Harusmemenuhidefinisiasetdankewajiban j sesuaidengan g KDPPLKpadatanggalakuisisi. Merupakanbagianyangdipertukarkanantarapihak pengakuisisidanpihakyangdiakuisisidalamtransaksi k bi ibisnis kombinasi bi i (par ( 5153), ) bukan b k hasil h iltransaksi k iterpisah i h (SAKterkait). Memungkinkanmunculnyaasetdanliabilitasyang sebelumnyatidakdiakuiolehpihakyangdiakuisisi Pengecualian2228,SewaoperasiB28B40
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Pengakuan klasifikasi
E l d d Excluded elements

Mengklasifikasikanataumenentukanaset Previously teridentifikasi yangdiperolehdanliabilitasyang heldinterest Nonontrolling diambilalihsebagaimanadiperlukanuntuk interest menerapkanSAKlain. Membuatklasifikasiataupenentuantersebut berdasarkanpadapersyaratankontraktual,kondisi ekonomi,kebijakanoperasionalatauakuntansinya, dankondisiterkait lainnyayangadapadatanggal akuisisi. Pengecualianataskontraksewaoperasidankontrak asuransi dilihatkondisikontrakpadatanggalakuisisi asuransi,

Consideration transferred

Goodwill Identifiable assetsand liabilities

21

PrinsipPengukuran
E l d d Excluded elements Consideration transferred Previously Pihak pengakuisisi mengukur aset held interest Nonontrolling teridentifikasi yang diperoleh dan liabilitas interest yang diambil-alih dengan nilai wajar pada tanggal l akuisisi. k i i i Goodwill Identifiable assetsand liabilities

Pengukurankepentingannonpengendalibaikpadanilai wajar j ataupada d proporsi ikepemilikan k ilik nonpengendali d liatas asetnetoteridentifikasidaripihakyangdiakuisisi. Pengukurannilaiwajarasetteridentifikasitertentudan kepentingannonpengendali(B4145) Pengecualianpar2431

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PengecualianPengakuanPengukuran
Pengecualian
Excluded elements Consideration C id ti transferred Goodwill

Identifiable Pengakuan Previously assetsand heldinterest liabilities ontrolling liabilitaskontijensi(PSAK57tidakberlaku) Noninterest Pengukurandanpengakuan pajakpenghasilan(PSAK46), imbalankerja j ( (PASK24), ), asetidemnifikasi(nilaiyangdijamin). Pengukuran hakyangdiperolehkembaliasettakberwujud(B3536), 36) penghargaanpembayaranberbasissaham(PSAK53), Asetdimilikiuntukdijual(PSAK58)

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Goodwill(32)
E l d d Excluded elements

Pihakpengakuisisimengakuigoodwillpada Previously t tanggal lakuisisi k i i iyangdiukur di k sebagai b iselisih li ih heldinterest Nonontrolling lebih(a)atas(b): interest a) nilaiagregatdari: i Imbalan i. I b l yangdialihkan di lihk nilai il iwajar j tanggal t l akuisisi(37); ii. Kepentingannonpengendalipadapihak yang diakuisisi;dan iii. untukkombinasibisnisyangdilakukansecara bertahap(41dan42),nilaiwajarpada tanggal akuisisikepentinganekuitasyangsebelumnya dimilikiolehpihakpengakuisisipadapihakyang diakuisisi. b) selisihjumlahdariasetteridentifikasiyang diperolehdanliabilitasyangdiambilalihpada tanggalakuisisi

Consideration transferred

Goodwill Identifiable assetsand liabilities

24

Goodwill(33)
Excluded elements Consideration C id ti transferred Goodwill Identifiable assetsand liabilities

Jikakepentinganekuitaspihakyang diakuisisilebihandal, andal goodwillditentukan dengannilaiwajartanggalakuisisidari kepentinganekuitasyangdialihkan. Jika Jik terdapat t d timbalan i b l yangdialihkan di lihk nilaiwajarkepentinganekuitaspengakuisisi yangditentukandenganteknikpenilaian (B4649)

Previously heldinterest Nonontrolling interest

25

Pembeliandiskon(3436)
E l d d Excluded elements Consideration transferred Previously heldinterest Nonontrolling interest Goodwill Identifiable assetsand liabilities

Jikajumlahbmelebihijumlaha, pihak pengakuisisimengakuikeuntunganyang dih ilk d dihasilkan dalam l laporan l laba l b rugi ipada d tanggal t l akuisisi. Terjadikarenapembelianterpaksaataukarena pengecualian(2231) Sebelumdiakui,pihakpengakuisisimenilai kembaliapakahtelahmendidentifikasidengan tepatseluruhasetyangdiperolehdanliabilitas yangdialihkansertaaset/kewajibanlain

26

Imbalanyangdialihkan
E l d d Excluded elements Consideration transferred Goodwill Identifiable assetsand liabilities

Diukurdengannilaiwajar Penjumlahanseluruhasetyangdialihkan pengakuisisi liabilitasyangdiakuipengakuisisi pengakuisisi, dankepentinganekuitasyangditerbitkanoleh pengakuisisi. PenghargaankaryawanPar30. 30 Nilaitercatatimbalanyangdialihkandinilai dengannilaiwajar keuntungandankerugian padatanggalakuisisi,(kecuali ( tetapberada dalamentitastidakbolehdiakui).

Previously heldinterest Nonontrolling interest

27

Imbalankontijensi
E l d d Excluded elements Consideration transferred Previously heldinterest Nonontrolling interest Goodwill Identifiable assetsand liabilities

Imbalankontijensitimbulkarenakesepakatan Mengakuiimbalankontijensipadanilaiwajar pada d tanggal lakuisisi. k Diklasifikasikansebagailiabilitasatauekuitas berdasarkandefinisiinstrumenekuitas( (PSAK50) ) Pengakuisisimengklasifikasikanhakatasimbal hasilyangdariimbalanyangdialihkan sebelumnyasebagaiasetjikamemenuhikondisi tertentu(58)

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Kepemilikansebelumnya akuisisibertahap
Excluded elements

Pihakpengakuisisimengukurkepentingan ekutiasyangdimilikisebelumnyapadapihak yangdiakuisisipadanilaiwajartanggalakuisisi danmengakuikeuntungandankerugianyang dihasilkan. Jumlahyangdiakuidalampendapatan komprehensiflaindiakuidengandasaryang samasebagaimanadipersyaratkanjika pengakuisisitelahmelepassecaralangsung kepentinganekuitasyangdimilikisebelumnya.

Consideration C id ti transferred Previously heldinterest Nonontrolling interest

Goodwill Identifiable assetsand liabilities

29

KombinasiBisnistanpapengalihan
Pengendaliandapatdiperolehtanpaadanyapengalihan imbalan termasuk: imbalan,
Pihakyangyangdiakuisisimembelikembalisahamnya sehinggapengakuisisimemperolehpengendalian Hilangnyahakvetoyangsebelunnyamenghalangi pengakuisisiuntukmengendalikan. Pengakuisisidanyangdiakuisisisepakatuntuk mengkombinasikanbisnisnyadengankontraksemata. Contohpenggabunganduabisnisbersamasamadalam satukesepakatangabungan(staplingarrangement)atau pembentukanp p perusahaany yang gtercatatdiduabursa (duallistedcorporation) PengakuansesuaiPSAKini,memunculkankepentingan nonpengendaliyangdominanatauseluruhnya.

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PeriodePengukuran
Jika proses kombinasi bisnis belum selesai pada akhir periode pelaporan maka pihak pengakuisisi melaporkan jumlah sementara pelaporan, untuk pos-pos (items) yang proses akuntansinya belum selesai. Pihak pengakuisisi menyesuaikan secara retrospektif jumlah sementara yang diakui pada tanggal akuisisi untuk mencerminkan informasi baru yang diperoleh tentang fakta dan keadaan yang ada pada tanggal akusisi dan berdampak pada pengukuran yang diakui. Pihak pengakuisisi mengakui aset atau liabilitas tambahan jika informasi baru diperoleh mengenai fakta dan keadaan yang ada pada tanggal akuisisi Periode pengukuran berakhir segera setelah pihak pengakuisisi menerima informasi yang dicari tentang fakta dan keadaan yang ada pada tanggal akuisisi atau mempelajari bahwa informasi lebih tidak dapat diperoleh. Periode pengukuran tidak boleh melebihi satu tahun dari tanggal akuisisi.
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Elemenyangdikeluarkan
Excluded elements Consideration transferred Previously heldinterest Nonontrolling g interest Goodwill Identifiable assetsand liabilities

Elemenyangdikeluarkan(51)
Hubungan antara pengakuisisi dan diakuisisi sebelum negosiasi bisnis kombinasi dimulai. Harus mengidentifiikasi setiap jumlah yang bukan bagian yang dipertukarkan. Pihak pengakuisisi mengakui hanya atas imbalan yang dialihkan di lihk untuk t k pihak ih k yang di diakuisisi k i i i serta t aset yang diperoleh dan liabilitas yang diambilalih yang dipertukarkan untuk pihak yang diakuisisi sebagai bagian dari penerapan metode akuisisi. Transaksi terpisah lainnya diperlakukan sesuai dengan SAK yang relevan.

2009

32

Pendekatanduakolom
Elemenyangdikeluarkan
Pembayaran yang dilakukan pada saat akuisisi yang tidak termasuk bagian transaksi kombinasi bisnis. Pertimbangkan alasan, siapa yang menginisiasi dan waktu transaksi (B50) Contoh
Biaya transaksi. [par 53]. Penyelesaian hubungan yang telah ada. [par 52]. Remunerasi jasa karyawan di masa mendatang mendatang. [par 52]. Penggantian untuk pihak yang diakuisisi. [par 52]. Biaya penerbitan saham atau utang utang. [par 53]. 53] Pembayaran aset idemnification. [par 57]. Biaya akuisisi dicatat sebagai biaya periode berjalan dengan satu pengecualian. Biaya penerbitan utang dan ekuitas PSAK 55.
Excluded elements Consideration transferred Previously heldinterest Nonontrolling g interest Goodwill Identifiable assetsand liabilities

2009

33

AsetIndemnifikasi(indemnification)
Penjualmenjaminpihakpengakuisisiatasketidakpastian k tij iatau kontijensi t aset/liabilitas t/li bilit t tertentu.(27 t t (2728) Misal:penjualmenjaminliabilitaspengakuisisitidakakan melampaui p jumlah j tertentu. Pihakpengakuisisimemperolehasetindemnifikasi,saatyang samadengansaatmengakuihalyangdijamindandiukur d dengan dasar d yangsama. Setiapakhirperiodepengakuisisiengukurasetindemnifikasi dengandasaryangsamadenganaset/liabilitasyangdijamin. (57) Pengakuandihentikanjikapengakuisisimengambilaset, menjual lataukehilangan k hl hak. h k

AkuntansidanPengukuransetelahPengakuan Awal
Secaraumum,pihakpengakuisisimengukurdanmencatat asetyangdiperoleh,liabilitasyangdiambilalih atau terjadi,daninstrumenekuitasyangditerbitkandalam kombinasibisnissesuaidenganSAKterkaituntukpospos (items)tersebut, tersebut tergantungdarisifatnya. sifatnya Panduankhusus
(a)hakyangdiperolehkembali; (b)liabilitaskontinjensiyangdiakuipadatanggalakuisisi; (c)asetindemnifikasi;dan (d)imbalankontinjensi. j

ParagrafB63memberikanpanduanaplikasiyangterkait.

35

AkuntansidanPengukuransetelahPengakuan Awal
hakyangdiperolehkembali; Diakui k sebagai b asettidak d kberwujud b ddan d diamortiasasi d selamasisaperiodekontraktualyangmendasarikontrak tersebut. Nilaitercatatsebagaidasaruntukmenentukan keuntungandankerugianjikadijual. liabilitaskontinjensiyangdiakuipadatanggalakuisisi; Diakuiselamabelumkadaluwarsaataudibatalkan sebesarnilaiyanglebihtinggidari: JumlahyangseharusnyadiakuimenurutPSAK57 Jumlahyangpadaawalnyadiakuidikurangidengan akumulasiamortiasi(PSAK23)
36

AkuntansidanPengukuransetelahPengakuan Awal
Asetindemnification
Mengukurasetindemnifikasiyangdiakuidengandasaryangsama denganliabilitasatauasetyangdijamin,tundukkepadasetiap pembatasankontraktualatasjumlahnya. Untukasetindemnifikasiy yang gsetelahpengakuan p g awalnya y tidakdiukur padanilaiwajarnya,subyekdaripenilaianmanajemententang kolektibilitasasetindemnifikasitersebut. Pihakpengakuisisimenghentikan pengakuanketikapihakpengakusisi mengambilaset,menjualnya,ataukehilanganhakatasnya.

Imbalankontijensi
Ekuitas Ekuitas,tidakdiukurkembalidanpenyelesaiannyadiperhitungkan dalamekuitas Instrumenkeuangan(PSAK55)diukurdengannilaiwajarmunculnya g / g ( (P/L / ataukomprehensif) p ) keuntungan/kerugian Tidaktermasukinstrumenkeuangan PSAK57
37

Pengungkapan
Pihakpengakuisisimengungkapkaninformasiyang memungkinkanpenggunalaporankeuangandapat mengevaluasisifatdandampakkeuangandari kombinasibisnisyangterjadi:
selama periode pelaporan berjalan;atau setelahakhirperiodepelaporantetapisebelum t tanggalpenyelesaian l l i l laporank keuangan.

DiaturlebihlanjutB64B66

38

Pengungkapan
Pihakpengakuisisimengungkapkaninformasiyang memungkinkanpenggunalaporankeuangandapat mengevaluasidampakkeuangandaripenyesuaianyang diakuipadaperiodepelaporanberjalanyang berhubungandengankombinasibisnisyangterjadipada periodetersebutatauperiodepelaporansebelumnya. (B67) Jikapengungkapanspesifikyangdipersyaratkantidak mencapai p tujuan j p pengungkapan, g g p makap pihakp pengakuisisi g mengungkapkanseluruhinformasitambahanyang diperlukanuntukmencapaitujuantersebut

39

KetentuanTransisi
Asetdanliabilitasyangberasaldarikombinasibisnisyangtanggal akuisisinyasebelum1Januari2011tidakdisesuaikandengan berlakunyaPernyataanini. Goodwillyangdiakuisebelumnya prospektifunntukkombinasi bisnissebelum1/1/2011.
Menghentikanamortisasigoodwill Mengeliminasijumlahtercatatyangterkaitdenganakumulasi amortisasisehubunganpenurunangoodwill Melakukanujipenurunannilaiatasgoodwill

Goodwillnegatifyangdiakuisebelumnya
Jumlahtercatatgoodwillnegatifdihentikanpengakuannyadengan melakukanpenyesuaianterhadapsaldolabaawalperiodetahunbuku 1/1/2011

40

KetentuanTransisi
Investasiyangdicatatdenganmetodeekuitassetelah1/1/2011
Diperolehsetelah1/1/2011 Amortisasigoodwilltidaktermasukdalammenentukanbagianentitasataslaba rugiinvestee. Penghasilanjikamunculgoodwillnegatif menentukanbagianentitasataslaba rugi Diperolehsebelum1/1/2011 Menghentikanamortiasigoodwill Menghentikangoodwillnegatif

PajakPenghasilan
PengakuisisimenerapkanPSAK46secaraprospektif. Pengakuisisimengakuiperubahandalamasetpajaktangguhantersebut sebagaipenyesuaianlabaataubukanjikadisyaratkandalamPSAK46

41

Ilustrasi 1
KIMs acquisition of GHI for cash proceeded as follows: 23 January Approach made to the management of GHI seeking endorsement of the acquisition 20 March Public offer made for 100% of the equity shares of GHI, conditional on regulatory approval, shareholder approval and receiving acceptances representing 60% of GHIs shares 14 June Regulatory approval received 1 July Shareholder approval received 30 July Acceptances received to date represent 50% of GHIs shares 15 August Acceptances received to date represent 95% of GHIs shares 25 August Cash paid out to GHIs accepting shareholders 13 November Cash paid out to the remaining shareholders under a compulsory share acquisition scheme The acquisition date, being the date on which KIM obtains control over GHI, is 30 July. July
42

<

Illustrasi 2
An entity acquires the entire share capital of another entity by issuing 100,000 new CU1 ordinary shares at a fair value at the acquisition date of CU2.50. The professional fees associated with the acquisition are CU20,000 CU20 000 and the issue costs of the shares are CU10,000. The consideration transferred in the business combination is CU250,000, calculated as the fair value of the new shares issued (CU2.5 (CU2 5 x 100,000). 100 000) The professional fees (CU20,000) (CU20 000) should be recognised in profit or loss and the issue costs deducted from the share premium recorded on issue of the shares. h
43

Illustrasi 3
Thetermsofanacquisitionincludethefollowing: 1. If the acquirees q profits for the first full y p year following g acquisition q exceed CU2 million, the acquirer will pay additional consideration of CU6 million in cash three months after that year end. It is doubtful whether the acquiree will achieve this profit, hence the acquisitiondate fair value of this contingent consideration is CU100,000. 2. A contract exists whereby the acquirer will buy certain components from the acquiree over the next five years. The contract was signed when market prices for these components were markedly higher than they are at the acquisition date. At the acquisition date the fair value of the amount by which the contract prices are expected to exceed market prices over the h next five fi years is i CU1.5 CU1 5 million. illi

44

Illustrasi 3..
Theseshouldbedealtwithasfollowsattheacquisitiondate: 1 The consideration transferred should be increased by the fair 1. value of the contingent consideration of CU100,000, this amount should be recognised as a liability. 2. The acquirer now controls the acquiree and can therefore cancel this contract; it is not part of the business combination. combination CU1.5 million of the consideration should be recognised as an expense (i.e. cancelling the ontract) in profit or loss, rather than treated as transferred in the business combination.

45

Illustrasi 4
Using the facts from Illustration 3 and assuming the acquiree achieves hi it earnings its i t target. t Additional consideration should be recognised, measured at CU5.9 million (CU6 million payable CU100,000 recognised at the acquisition date). The additional consideration relates to events after the acquisition date, so should be recognised as an expense in profit or loss. loss

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Illustrasi 5
ABC acquired 750,000 of the 1 million equity shares of KIM at a price of CU5 each at the time when the total fair value of LMNs assets less liabilities was CU4 million. ABC estimated that the price paid included a premium of CU0.50 per share in order d to t gain i control t l over KIM. KIM The fair value of the noncontrolling interest is measured at CU1,125,000 , , (250,000 ( , shares ( (CU5.00 0.50). ) The noncontrolling interests proportionate share of the acquirees identifiable net assets is measured at CU1 million (CU4 million illi 25%). 25%) ABC may measure the noncontrolling interest at either of these two amounts.
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Illustrasi 6
At the acquisition date an acquirer has established fair values for items recognised as an expense in profit or loss by the acquiree and is trying to decide whether they can be b classified l ifi d as identifiable id ifi bl assets.
1. 2. 3 3. 4. Inprocessdevelopmentofnewcompoundsforfoodflavouring CU500,000 Patentsdevelopedinternally CU2.5million Sellingeffortsleadingtoanorderbacklog CU3million Franchiseagreementsdevelopedinternally CU700,000.

All of the above items could be sold to another buyer and are therefore separable, hence they should all be recognised as identifiable intangible assets.

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Illustrasi 7
XYZ acquired ABC on 30 June 2007. By 31 December 2007, the end of its 2007 reporting period, XYZ had provisional fair values for the following: 1. trademarks effective in certain foreign territories of CU400,000. These had an average remaining useful life of 10 years at the acquisition date. The acquisition date fair value was finalised at CU500,000 on 31 March 2008. 2. trading rights in other foreign territories of CU600,000. These had an average remaining useful life of 5 years at the acquisition date. The acquisition date fair value was finalised at CU300,000 on 30 September 2008. XYZs 2007 financial statements: Recognised g in p profit or loss in 2007:
Amortisation of trademarks and trading rights for 6 months based on their provisional values Intangible assets: Trademarks and trading rights at provisional values less 2007 amortisation
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Illustrasi 7.
XYZs 2008 financial statements: The finalisation of the fair value of the trademarks is made within the measurement period (12 months from the acquisition date), so it is related back to that date. The finalisation in respect of the trading rights is made after the end of that period, so it is recognised in profit or loss prospectively from 30 September 2008. For the trademarks, the 2007 comparative figures will be restated for the revised amortisation and carrying amount.

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Illustrasi 8
ABCacquiredan80%interestinDEFforCU900,000.Thecarryingamountsandfair valuesofDEFsidentifiableassetsandliabilitiesattheacquisitiondatewereas f ll follows: CarryingFair Amountsvalue
Tangiblenoncurrent assets Intangiblenoncurrent assets Currentassets Liabilities Contingentliabilities CU000 375 0 400 (300) 0 CU000 350 200 350 (300) (30)

475 570 ABChasdecidedtomeasurethenoncontrollinginterestatitsshareofDEFs identifiablenetassets. Thegoodwillcalculationisasfollows. follows


Considerationtransferred Noncontrollinginterest(20%ofCU570fairvalue) Fairvalueofnetassetsacquired Goodwill 570 444
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CU000 900 114 1 014 1,014

Illustrasi 9
AssumingthesamefactsasinIllustration8aboveexceptthat theconsiderationtransferredwas asCU400 CU400,000 000ratherthan CU900,000. Theg gainarising gonthisbusinesscombinationis:
Considerationtransferred Noncontrollinginterest(20% ( ofCU570fairvalue) ) Netassetsacquired Gainonbargainpurchase(negativegoodwill) CU000 400 114 514 570 (56)

ThegainofCU56,000shouldberecognised inprofitorlossin theyearofacquisition. acquisition


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Illustrasi 10
Assuming the same facts as in Illustration 7 and that goodwill in the acquisition was measured at CU4.8 CU4 8 million. million The finalisation of the fair value of the trademarks will result in an increase in their carrying amount at the acquisition date of CU100,000, so goodwill should be reduced by the same amount The 2007 comparative figures in the 2008 financial amount. statements should be restated by these amounts. Note also that the 2007 amortisation should be increased by CU5,000 (CU100,000/10 years) 6/12months) and the 2007 profit reduced (or loss increased) by the same amount. amount
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Review1
A parent entity is acquiring a majority holding in an entity whose shares are dealt in on a recognised g market. Under IFRS3 Business combinations, which TWO of the following measurement bases may be used in measuring the noncontrolling interest at the acquisition acq isition date? A. The nominal value of the shares in the acquiree not acquired q B. The fair value of the shares in the acquiree not acquired C. The noncontrolling interest in the acquiree's assets and liabilities at book value D. The noncontrolling interest in the acquiree's assets and liabilities at fair value
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Review2
In a business combination, an acquirer's interest in the fair value of the net assets acquired exceeds the consideration transferred in the combination. Under IFRS3 Business combinations, the acquirer should (select one answer) A. recognise the excess immediately in profit or loss B. recognise the excess immediately in other comprehensive income C. reassess the recognition and measurement of the net assets acquired and the consideration transferred, , then recognise g any y excess immediately in profit or loss D. reassess the recognition and measurement of the net assets acquired and the consideration transferred, , then recognise g any y excess immediately in other comprehensive income

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Review3
Shouldthefollowingcostsbeincludedintheconsideration transferredinabusinesscombination, combination accordingtoIFRS3 Businesscombinations? (1)Costsofmaintaininganacquisitionsdepartment. (2)Feespaidtoaccountantstoeffectthecombination. Cost(1)Cost(2)
A. No A N No N B. NoYes C. YesNo D. YesYes

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Review4
Arethefollowingstatementsaboutanacquisitiontrueor false, ,according gtoIFRS3Businesscombinations? (1)Theacquirershouldrecognise theacquiree's contingent liabilitiesifcertainconditionsaremet. (2)Theacquirershouldrecognise theacquiree acquiree's s contingent assetsifcertainconditionsaremet. Statement(1)Statement(2) A. FalseFalse B. FalseTrue C TrueFalse C. D.TrueTrue

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Review5
The Pendle Company acquired a 30% equity interest in The Terata Companymany years ago. In the current accounting period it acquired a further 40% equity interest in . Are the following statements true or false, according to IFRS3 Business combinations? (1) Pendle's preexisting 30% equity interest in Terata should be remeasured at fair value at the acquisition date. (2) ( ) Pendle's net assets should be remeasured at fair value at the acquisition date. Statement (1) Statement (2) A False False A. B. False True C. True False D True D. T T True
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Review6
On 1 July 20X7 The Magna Company acquired 100% of The Natural Company for a consideration transferred of CU160 million. At the acquisition date the carrying amount of f Natural's l' net assets was CU100 C 00 million. illi At the acquisition date a provisional fair value of CU120 million was attributed to the net assets. assets An additional valuation received on 31 May 20X8 increased this provisional fair value to CU135 million and on 30 July 20X8 this fair value was finalised at CU140 million. What amount should Magna present for goodwill in its statement of financial position at 31 December 20X8, according to IFRS3 Business combinations? A. CU25 million B. CU40 million C. CU20 million D. CU60 million

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Review7
The Lampard Company acquired a 70% interest in The Ohau Company for CU1,960,000 when the fair value of Ohau's identifiable assets and liabilities was C 00 000 and CU700,000 d elected l d to measure the h noncontrolling lli interest i at its i share h of f the h identifiable net assets. Annual impairment reviews of goodwill have not resulted in any impairment losses being recognised. Ohau's current statement of financial position shows share capital of CU100,000, a revaluation reserve of CU300,000 and retained earnings of CU1,400,000. Under IFRS3 Business combinations, what figure in respect of goodwill should now be carried in Lampard's consolidated statement of financial position? A. CU1,470,000 B. CU160,000 C. CU1,260,000 D. CU700,000

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Review8
The National Company acquired 80% of The Local Company for a consideration transferred of CU100 million. The consideration was estimated to include a control premium i of f CU24 C 2 million. illi Local's l' net assets were CU85 C 8 million illi at the h acquisition iii date. Are the following statements true or false, according to IFRS3 Business combinations? (1) Goodwill should be measured at CU32 million if the noncontrolling interest is measured at its share of Local's net assets. (2) ( ) Goodwill should be measured at CU34 million if the noncontrolling g interest is measured at fair value. Statement (1) Statement (2) A. False False B. False True C. True False D. True True

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Review9
The Mooneye Company acquired a 70% interest in The Swain Company for CU1,420,000 when the fair value of Swain's identifiable assets and liabilities was CU1,200,000. CU1 200 000 Mooneye acquired a 65% interest in The Hadji Company for CU300,000 when the fair value of Hadji's identifiable assets and liabilities was CU640,000. Mooneye measures noncontrolling interests at the relevant share of the identifiable net assets at the acquisition date. date Neither Swain nor Hadji had any contingent liabilities at the acquisition date and the above fair values were the same as the carrying amounts in their financial statements. Annual impairment reviews have not resulted in any impairment losses l b being recognised. d Under IFRS3 Business combinations, what figures in respect of goodwill and of gains on bargain purchases should be included in Mooneye's p consolidated statement of financial position? A. Goodwill: CU580,000 , Gains on the bargain purchases: CU116,000 B. Goodwill: Nil , Gains on the bargain purchases: CU116,000 C. Goodwill: Nil, Gains on the bargain purchases: Nil D. Goodwill: CU580,000, Gains on the bargain purchases: Nil
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Review10
On 1 October 20X7 The Tingling Company acquired 100% of The Greenbank Company when the fair value of Greenbank's net assets was CU116 million and their carrying amount was CU120 million. million The consideration transferred comprised CU200 million in cash transferred at the acquisition date, plus another CU60 million in cash to be transferred 11 months after the acquisition date if a specified profit target was met by Greenbank At the acquisition date there was only a low probability of the Greenbank. profit target being met, so the fair value of the additional consideration liability was CU10 million. In the event, the profit target was met and the CU60 million cash was transferred. What h amount should h ld Tingling l present for f goodwill d ll in its statement of f consolidated financial position at 31 December 20X8, according to IFRS3 Business combinations? A. CU94 million B. CU80 million C. CU84 million D. CU144 million

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Review11

100% of the equity share capital of The Raukatau Company was acquired by The Sweet Company on 30 June 20X7. Sweet issued 500,000 new CU1 ordinary shares which had a fair value of CU8 each at the acquisition date. In addition the acquisition resulted in Sweet incurring fees payable to external advisers of CU200,000 and share issue costs of CU180,000. In accordance with IFRS3 Business combinations, goodwill at the acquisition date is measured by subtracting the identifiable assets acquired and the liabilities assumed from A. CU4.00 million B CU4.18 B. CU4 18 million C. CU4.20 million D. CU4.38 million

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Review12
The Gebbies Company acquired 100% of The Okalua Company for a consideration transferred of CU112 million. At the acquisition date the carrying amount of Okalua's net assets was CU100 million and their fair value was CU120 million. How should the difference between the consideration transferred and the net assets acquired be presented in Gebbies's financial statements, according to IFRS3 Business combinations? A. Gain on bargain g purchase of CU8 million recognised p g in other comprehensive income B. Gain on bargain purchase of CU8 million deducted from other intangibles g assets C. Gain on bargain purchase of CU8 million recognised in profit or loss D. Goodwill of CU12 million as an intangible asset

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TERIMAKASIH
DwiMartani DepartemenAkuntansiFEUI martani@ui.ac.id ataudwimartani@yahoo.com 08161932935atau081318227080

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