Chapter 5

Intercompany-profit Transaction

Plant Asset

05/28/20 Chapter 6 : Intercompany 1

profit Transaction - Plant
 Plant Asset

Nondepreciable Assets
Exp : Land

Depreciable Assets
Exp : Building, Equipment etc

Chapter 6 : Intercompany profit

05/28/20 Transaction - Plant Asset 2
 Intercompany-profit Transaction
Nondepreciable Asset (land)

2005
Parent Subsidiary
Sold to
Cost = 32.000 Acquired at price
45.000
Jurnal :
Cash 45.000 Land 45.000
Land 32.000 Cash 45.000
Gain on sale of land
05/28/20 13.000
Chapter 6 : Intercompany profit 3
Transaction - Plant Asset
 Consolidated Working Papers-2005
Accounts Parents Subsidry Debit Credit Cons. FS
Income St:
Gain on Sale 13.000 13.000 0
of Land
Balance sheet :
Land 45.000 13.000 32.000

Jurnal Eliminasi-WP 2005 :

Gain on Sale of Land 13.000

Land 13.000

Chapter 6 : Intercompany profit

05/28/20 Transaction - Plant Asset 4
Jika penjualan tanah terjadi di tahun 2005, maka pembuatan
Kertas Kerja Konsolidasi – 2006 & selanjutnya :

Accounts Parents Subsidry Debit Credit Cons. FS

Income St:

Balance sheet :
Land 45.000 13.000 32.000

Jurnal Eliminasi-WP 2006 :

Retained Earnings-P 13.000

Land 13.000

Chapter 6 : Intercompany profit

05/28/20 Transaction - Plant Asset 5
 Bila tanah dijual kepada pihak luar
oleh Subsidiary beberapa tahun
kemudian

Subsidiary 2010 Outside

Cash 60.000
Land 45.000
Gain on sale of land 15.000

Gain on sale of land (15.000) akan muncul dalam laporan

laba rugi Subsidiary tahun 2010. Dan transaksi ini
merupakan realisasi dari Gain on sale of land – Parent
(13.000) yang dieliminasi padaChapter
tahun 2005. profit
6 : Intercompany
6 05/28/20 Transaction - Plant Asset
 2005

Parent
Gain 13.000
Cost = 32.000 Sa
le

2010
Price 45.000 Subsidiary
Gain 15.000
Sa
le

Price 60.000 Outside

05/28/20 Chapter 6 : Intercompany profit 7

Transaction - Plant Asset
 Consolidated Working Papers-2010
Accounts Parents Subsidry Debit Credit Cons. FS
Income St:
Gain on Sale 15.000 13.000 28.000
of Land
Balance sheet :

Jurnal Eliminasi-WP 2010 :

Retained Earnings 13.000

Gain on Sale of Land 13.000

05/28/20 Chapter 6 : Intercompany profit 8

Transaction - Plant Asset
 Intercompany-profit Transaction
Nondepreciable Asset (land)

2005
Parent Subsidiary
Acquired at price
Sold to
Cost = 32.000
45.000
Jurnal :
Land 45.000 Cash 45.000
Cash 45.000 Land 32.000
Gain on sale of land 13.000
Chapter 6 : Intercompany profit
9 05/28/20 Transaction - Plant Asset
 Consolidated Working Papers-2005
Accounts Parents Subsidry Debit Credit Cons. FS
Income St:
Gain on Sale 13.000 13.000 0
of Land
Balance sheet :
Land 45.000 13.000 32.000

Jurnal Eliminasi-WP 2005 :

Gain on Sale of Land 13.000

Land 13.000

Chapter 6 : Intercompany profit

05/28/20 Transaction - Plant Asset 10
Jika penjualan tanah terjadi di tahun 2005, maka pembuatan
Kertas Kerja Konsolidasi – 2006 & selanjutnya :

Accounts Parents Subsidry Debit Credit Cons. FS

Income St:

Balance sheet :
Land 45.000 13.000 32.000

Jurnal Eliminasi-WP 2006 :

Retained Earnings %P x 13.000

NCI Equity % NCI x 13.000
Land 13.000

Chapter 6 : Intercompany profit

05/28/20 Transaction - Plant Asset 11
 Perhitungan NCI Expense – Tahun Penjualan Tanah (2005)

Down stream

NCI Expense = % NCI x Net Income ‘ S

Up stream

NCI Expense = % NCI x (Net Income ‘S – Gain on Land)

Chapter 6 : Intercompany profit

05/28/20 Transaction - Plant Asset 12
Perhitungan NCI Expense – Tahun Setelah Penjualan Tanah (2006
dst)

Down stream

NCI Expense = % NCI x Net Income ‘ S

Up stream

NCI Expense = % NCI x Net Income ‘S

Chapter 6 : Intercompany profit

05/28/20 Transaction - Plant Asset 13
 Intercompany-profit Transaction
Depreciable Plant Asset

1/1/2005
Parent Subsidiary
Sold to

Cost = 32.000
Acquired at price
Acc depr = 12.000 45.000
Book value= 20.000 Useful life 5 years
05/28/20 Chapter 6 : Intercompany profit 14
Transaction - Plant Asset
 Jurnal terpisah Parent & Subsidiary
Parent Subsidiary
1/1 Cash 45.000 1/1 Equipmnt 45.000
Acc. Depr 12.000 Cash 45.000
Equipm 32.000
Gain on Sale 25.000

31/12 Depr Exp-Eqpm 9.000*

Acc. Depr 9.000
*45.000 : 5

Karena Subsidiary mencatat Equipment pada cost Rp 45.000,-,

maka besarnya Beban Penyusutan & Akumulasi Penyusutan juga
didasarkan pada cost Rp 45.000 dibagi 5 tahun (jika metode
garis lurus).
Dari sudut konsolidasi, besarnya penyusutan dihitung dari
Rp 20.000 : 5 = Rp 4.000,-
05/28/20 Chapter 6 : Intercompany profit 15
Transaction - Plant Asset
 Consolidated Working Papers-31/12/2005
Accounts Parents Subsidry Debit Credit Cons. FS
Income St:
Gain on Sale Eq 25.000 25.000 0
Depreciation exp (9.000) 5.000 (4.000)

Balance sheet :
Equipment 45.000 25.000 20.000
Acc depr ( 9.000) 5.000 (4.000)

Jurnal Eliminasi-WP 2005 :

Gain on Sale of Equipment 25.000
Equipment 25.000
Acc. Depr 5.000
Depr. Exp 5.000
05/28/20 Chapter 6 : Intercompany profit 16
Transaction - Plant Asset
 Consolidated Working Papers-31/12/2006
Accounts Parents Subsidry Debit Credit Cons. FS
Income St:
0
Depreciation exp (9.000) 5.000 (4.000)

Balance sheet :
Equipment 45.000 25.000 20.000
Acc depr ( 18.000) 10.000 (8.000)

Jurnal Eliminasi-WP 2006 :

Retained Earnings 20.000
Acc. Depr-2005 5.000
Equipment 25.000
Acc. Depr-2006 5.000
Depr. Exp 5.000
05/28/20 Chapter 6 : Intercompany profit 17
Transaction - Plant Asset
 Consolidated Working Papers-31/12/2007
Accounts Parents Subsidry Debit Credit Cons. FS
Income St:
0
Depreciation exp (9.000) 5.000 (4.000)

Balance sheet :
Equipment 45.000 25.000 20.000
Acc depr ( 27.000) 15.000 (12.000)

Jurnal Eliminasi-WP 2007

Retained Earnings 15.000
Acc. Depr 10.000
Equipment 25.000
Acc. Depr 5.000
Depr. Exp 5.000
05/28/20 Chapter 6 : Intercompany profit 18
Transaction - Plant Asset
 Intercompany-profit Transaction
Depreciable Plant Asset

1/1/2005
Parent Subsidiary
Sold to

Cost = 32.000
Acquired at price
Acc depr = 12.000 15.000
Book value= 20.000 Useful life 5 years
05/28/20 Chapter 6 : Intercompany profit 19
Transaction - Plant Asset
 Jurnal terpisah Parent & Subsidiary
Parent Subsidiary
1/1 Cash 15.000 1/1 Equipmnt 15.000
Acc. Depr 12.000 Cash 15.000
Loss on Eq. 5.000
Equipm 32.000

31/12 Depr Exp-Eqpm 3.000*

Acc. Depr 3.000
*45.000 : 5

Karena Subsidiary mencatat Equipment pada cost Rp 15.000,-,

maka besarnya Beban Penyusutan & Akumulasi Penyusutan juga
didasarkan pada cost Rp 15.000 dibagi 5 tahun (jika metode
garis lurus).
Dari sudut konsolidasi, besarnya penyusutan dihitung dari
Rp 20.000 : 5 = Rp 4.000,-
05/28/20 Chapter 6 : Intercompany profit 20
Transaction - Plant Asset
 Consolidated Working Papers-31/12/2005
Accounts Parents Subsidry Debit Credit Cons. FS
Income St:
Loss on Sale Eq (5.000) 5.000 0
Depreciation exp (3.000) 1.000 (4.000)

Balance sheet :
Equipment 15.000 5.000 20.000
Acc depr ( 3000) 1.000 (4.000)

Jurnal Eliminasi-WP 2005 :

Equipment 5.000
Loss on Sale of Equipment 5.000
Depr Exp 1.000
Acc. Depr. 1.000
05/28/20 Chapter 6 : Intercompany profit 21
Transaction - Plant Asset
 Non Controlling Interest Expense
(pada tahun penjualan-2005)
Dalam penghitungan Minority Interest
Expense, tidak terpengaruh oleh
Down stream Intercompany-profit Transaction
Depreciable Plant Asset. Jadi penghitungan
untuk NCI Expense
= % NCI x NI’S

Up stream

NCI Exp =
% NCI x ( NI’S - Unrealized Gain
+ Recognized Piecemeal of Gain)

NCI Exp % NCI x ( NI’S + Unrealized Loss -

=
Recognized Piecemeal of Loss)
Chapter 6 : Intercompany profit
05/28/20 Transaction - Plant Asset 22
Pembuatan Kertas Kerja Periode Selanjutnya
(2006, 2007 dst)

Pembuatan Kertas Kerja Konsolidasi periode

selanjutnya, tidak akan ada eliminasi Gain/Loss on
Sale of Plant Asset

Tetapi karena Subsidiary tetap mencatat Beban

Penyusutan – Equipment sebesar harga perolehan
Subsidiary (harga jual Parent), maka dalam KK
tetap dilakukan pengakuan terhadap Recognized
Piecemeal of Gain/Loss on Sale - Equipment
NCI Expense-2006 dst = % NCI x (NI’S + Recognized
Piecemeal of Gain on Sale – Equipment)

05/28/20 Chapter 6 : Intercompany profit 23

Transaction - Plant Asset
 Intercompany-profit Transaction
Depreciable Plant Asset

1/1/2005
Subsidiary Parent
Sold to

Cost = 32.000
Acquired at price
Acc depr = 12.000 45.000
Book value= 20.000 Useful life 5 years
05/28/20 Chapter 6 : Intercompany profit 24
Transaction - Plant Asset
 Jurnal terpisah Parent & Subsidiary
Subsidiary Parent
1/1 Cash 45.000 1/1 Equipmnt 45.000
Acc. Depr 12.000 Cash 45.000
Equipm 32.000
Gain on Sale 25.000

31/12 Depr Exp-Eqpm 9.000*

Acc. Depr 9.000
*45.000 : 5

Karena Parent mencatat Equipment pada cost Rp 45.000,-, maka

besarnya Beban Penyusutan & Akumulasi Penyusutan juga
didasarkan pada cost Rp 45.000 dibagi 5 tahun (jika metode
garis lurus).
Dari sudut konsolidasi, besarnya penyusutan dihitung dari
Rp 20.000 : 5 = Rp 4.000,-
05/28/20 Chapter 6 : Intercompany profit 25
Transaction - Plant Asset
 Consolidated Working Papers-31/12/2005
Accounts Parents Subsidry Debit Credit Cons. FS
Income St:
Gain on Sale Eq 25.000 25.000 0
Depreciation exp (9.000) 5.000 (4.000)

Balance sheet :
Equipment 45.000 25.000 20.000
Acc depr ( 9.000) 5.000 (4.000)

Jurnal Eliminasi-WP 2005 :

Gain on Sale of Equipment 25.000
Equipment 25.000
Acc. Depr 5.000
Depr. Exp 5.000
05/28/20 Chapter 6 : Intercompany profit 26
Transaction - Plant Asset
 Consolidated Working Papers-31/12/2005
Accounts Parents Subsidry Debit Credit Cons. FS
Income St:
(25.000) 25.000 0
Loss on Sale Eq
Depreciation exp (4.000) 5.000 (9.000)
Balance sheet :
Equipment 20.000 25.000 45.000
Acc depr ( 4.000) 5.000 (9.000)

Jurnal Eliminasi-WP 2005 :

Equipment 25.000
Loss on Sale of Equipment 25.000

Depr. Exp 5.000

Acc. Depr 5.000
05/28/20 Chapter 6 : Intercompany profit 27
Transaction - Plant Asset
 Consolidated Working Papers-31/12/2006
Accounts Parents Subsidry Debit Credit Cons. FS
Income St:
Depreciation exp 9.000 5.000 (4.000)
Balance sheet :
Equipment 45.000 25.000 20.000
Acc depr (18.000) 5.000 (8.000)

Jurnal Eliminasi-WP 2006 : 5.000

Retained Earnings 20.000 x 80%
NCI Equity 20.000 x 20%
Acc. Depr -05 5.000
Equipment 25.000
Acc. Depr 5.000
05/28/20
Depr. Exp 5.000
Chapter 6 : Intercompany profit Transaction - 28
Plant Asset
 Consolidated Working Papers-31/12/2007
Accounts Parents Subsidry Debit Credit Cons. FS
Income St:
Depreciation exp 9.000 5.000 (4.000)
Balance sheet :
Equipment 45.000 25.000 20.000
Acc depr (27.000) 15.000 (12.000)

Jurnal Eliminasi-WP 2007 : 5.000

Retained Earnings 15.000 x 80%
NCI Equity 15.000 x 20%
Acc. Depr -05 10.000
Equipment 25.000
Acc. Depr 5.000
05/28/20
Depr. Exp 5.000
Chapter 6 : Intercompany profit Transaction - 29
Plant Asset