ANALYSIS OF FINANCIAL STATEMENTS

Red Flags in Annual Report 2017 of PT Tiga Pilar Sejahtera Tbk

Lecture:

Dr. Titik Aryati S.E, A.k., M.Si

Created by:

Ayu Cahya Wati (023001801080)

Tasya Amalia (023001801105)

Mutia Rasya (023001801148)

Saviera Fasha (023001801199)

AKUNTANSI

FAKULTAS EKONOMI DAN BISNIS

UNIVERSITAS TRISAKTI
 JAKARTA
Red Flags in Annual Report 2017
PT Tiga Pilar Sejahtera Tbk

Auditor Opinion Changes

Specific Information Reveal the Red Flags in PT TPS Food Tbk
In the 2017 Annual Report, PT Tiga Pilar Sejahtera Food Tbk is conducting an
inflated fund in :
- posted a net loss of Rp. 5.23 trillion throughout 2017. This amount is Rp. 4.68 trillion
greater than the previous version of the financial report which only lost Rp. 551.9
billion.
- Accounts receivable, the company's old version of the 2017 financial report booked
Rp. 2.11 trillion, while the restatement report was only Rp. 485.71 billion. This means
that there is an inflation of up to Rp 1.63 trillion.
- In the inventory post there is a difference of Rp 1.31 trillion, namely Rp 1.4 trillion in
the old report and only Rp 91.91 billion in the restatement.
- In the fixed assets account, there is a difference of IDR 2.35 trillion, namely IDR 3.18
trillion in the old financial statements and IDR 824.62 billion in the latest reports.
- Other items such as total assets of Rp. 6.74 trillion, namely Rp. 8.72 trillion in the old
report and Rp. from only Rp. 1.98 trillion
- on net sales from Rp 4.92 trillion to only Rp 1.95 trillion.

Before after Restated Financial Statements 2017 of PT TPS Food can seen through these
link :
1. Before Restated
2. After Restated