Chapter 7

Intercompany-profit
Transaction
Bonds

ch 7 : intercompany bond 1
 UP STREAM

ch 7 : intercompany 2
bond
 Ilustrasi 1 : Transaksi Obligasi
Subsidiary menjual obligasi Rp 1.000.000,-; par;
bunga 8%; 10 tahun tertanggal 1 Januari 2006.
Parent membeli 10% obligasi Subsidiary sebesar Rp
100.000,- dengan harga Rp 104.500,-
Cash Rp 1.000.000
S
Bonds Payable Rp 1.000.000

Investment in Bonds Rp 104.500

P
Cash Rp 104.500

ch 7 : intercompany bond 3
 Kertas Kerja Konsolidasi
Adj & El.
Consolid
Accounts P S
ated
Debit Credit
104,5 0
 Investment in Bond $104,5       
           
Bonds Payable $1,000 100 $900

Jurnal eliminasi :
Bonds Payable 100
Loss on constructive retirement 4,5
Investment in Bonds 104,5

ch 7 : intercompany bond 4
 Subsidiary Company Bonds
Purchased By Parent

• Parent memiliki 70% kepemilikan di

Subsidiary
• Subsidiary menerbitkan obligasi par Rp 10 juta
• Dengan premium Rp 100.000
• Parent membeli 10% bond Subsidiary dengan
harga Rp 950.000 pada tgl 1 Januari 2005.

ch 7 : intercompany 5
bond
 Perhitungan
Book value bonds purchased : 10% (Rp 10.000.000 + 100.000) = Rp 1.010.000

Purchased price = 950.000

Constructive gain on retirement = Rp 60.000

S P
Cash Rp 10.100.000 Investment in Bonds Rp 950.000
Bonds Payable Rp 10.100.000 Cash Rp 950.000

Kertas Kerja Konsolidasi per 1 Januari 2005 :

Bonds Payable Rp 1.010.000
Gain on constructive retirement of bonds Rp 60.000
Investment in Bonds Rp 950.000
ch 7 : intercompany 6
bond
 Pencatatan Obligasi selama 2005
S P
Cash Rp 10.100.000 Investment in Bonds Rp 950.000
Bonds Payable Rp 10.100.000 Cash Rp 950.000

Pembayaran Bunga (31 Desember 2005)

Interest Exp Rp 1.000.000 Cash Rp 100.000

Cash Rp 1.000.000 Interest Income Rp 100.000

Amortisasi Premium/Discount (31 Desember 2005)

Bonds Payable Rp 20.000 Investment in Bonds Rp 10.000

Interest Exp Rp 20.000 Interest Income Rp 10.000

Saldo Bonds Payable : Rp 10.080.000 Saldo Investment in Bonds : Rp 960.000

Saldo Interest Expense : Rp 980.000 Saldo Interest Income : Rp 110.000
ch 7 : intercompany bond 7
 Konsolidasi per 31 Desember 2005
Kertas Kerja Konsolidasi per 31 Desember 2005 :
Bonds Payable Rp 1.008.000
Gain on constructive retirement of bonds Rp 48.000
Investment in Bonds Rp 960.000

Interest Income Rp 110.000

Gain on constructive retirement of bonds Rp 12.000
Interest Expense Rp 98.000

Jika ada interest receivable & interest payable berkaitan dengan hutang obligasi
& investasi obligasi, maka kedua akun tersebut akan dieliminasi

Interest Payable xxx

Interest Receivable xxx

ch 7 : intercompany 8
bond
 Konsolidasi per 31 Desember 2005
Kertas Kerja Konsolidasi per 31 Desember 2005 :
Bonds Payable Rp 1.008.000
Gain on constructive retirement of bonds Rp 48.000
Investment in Bonds Rp 960.000

Interest Income Rp 110.000

Gain on constructive retirement of bonds Rp 12.000
Interest Expense Rp 98.000

Pada transaksi down stream, pengakuan gain/loss

on constructive retirement mempengaruhi
perhitungan NCI Expense.
ch 7 : intercompany 9
bond
 Perhitungan NCI Expense

NCI Expense = % NCI x (Net Income S – amortisasi EV + Constructive

Gain – piecemeal of gain)

NCI Expense = % NCI x (Net Income S – amortisasi EV - Constructive

Loss + piecemeal of loss)

ch 7 : intercompany 10
bond
 Konsolidasi tahun ke 2 dst
• Constructive Gain atau Constructive loss
akan muncul sebagai selisih dari eliminasi
akun “Bond Payable” dengan akun
“Investment in Bond” dan dicatat dengan
akun “Retained Earnings”.

Bonds Payable Rp1.006.000

Retained Earnings Rp 36.000 x %P
NCI Expense Rp 36.000 x %NCI
Investment in Bonds Rp 970.000

Interest Income Rp110.000

Retained Earnings Rp 12.000 x %P
NCI Expense Rp 12.000 x %NCI
Interest Expense Rp 98.000 11
ch 7 : intercompany bond