Rosan Asks SOEs Not To Beautify Financial Reports: Don't Hengki Pengki, It's Not The Time

JAKARTA - CEO of Danantara Indonesia, Rosan Roeslani, reminded all directors of State-Owned Enterprises (BUMN) not to 'moleize' financial reports so that they look better than their actual condition.

"We have conveyed to all SOEs, issue financial reports as they are. Don't be beautified, don't listen, just to show high profit. So that's what I convey," said Rosan to reporters in Jakarta, written Friday, October 17.

Rosan said the first step for Danantara in this first year was to conduct a thorough evaluation of all state-owned financial reports. The results of the evaluation, he said, would likely produce many corrections, including the financial statements of large state-owned companies.

"So after this year, there will be a number of corrections from the financial statements, because we in Danantara want to show what financial reports are. So that's what I said, and this correction will be quite massive," he said.

Rosan emphasized the importance of transparency and accountability in the management of state finances. He even used a distinctive term to reject the practice of manipulation of financial reports.

"So we will do that, we will add more our term, there should be no problems, it's what it is, it's not the time like that anymore," he said.

Furthermore, Rosan is also optimistic that the evaluation and optimization of BUMN assets carried out by Danantara will strengthen the value and performance of state companies in the future.

"By evaluating this first year, then optimizing assets, and also trying to create more value, in the future it will be better. So we believe the dividend contribution imposed by us is planned to be achieved in the future," he said.

Previously, Danantara CEO Rosan Roeslani targeted that state-owned dividend deposits could reach around 10 billion US dollars (US) or IDR 166.03 trillion (assuming an exchange rate of IDR 16,603 per US dollar) per year in the next 5 years.

"If I look at our plans for the next 5 years, maybe our dividends are around 7 to 10 billion US dollars," said Rosan at the Forbes Global CEO Conference 2025 event in Jakarta, Tuesday, October 14.

With this projection, Rosan said Danantara could increase investment capacity to US$40 billion or equivalent to Rp664 trillion without using debt and purely equity.

"So maybe in the next 5 years, we can invest up to 40 billion US dollars, that's without leverage, it's all equity funds," said Rosan.