President Director Of PAM Jaya Is Actually Grateful To Get Disclaimer Opinions From BPK

President Director of Perumda PAM Jaya Arief Nasrudin (Photo: Diah Ayu/VOI)

JAKARTA - President Director of Perumda PAM Jaya Arief Nasrudin admitted that he was grateful for the provision of Disclaimer's opinion or did not provide an opinion on PAM Jaya's 2022 financial report. Disclaimer's embedding from the BPK occurs when the auditor does not express his opinion on the report because the scope of the audit carried out is not enough to make an opinion. Disclaimer opinion can also be called a red report card from the BPK. A number of problems that BPK found ranging from inadequate asset value, unproductive inventory management, inadequate asset management, and recording of subscription guarantee debt (UJL) are not supported by a complete list of details. Arief said, from the BPK's findings, the company providing clean water belonging to the DKI Provincial Government could improve in the preparation of financial reports including inventory of its assets. This was revealed after a meeting with Commission B of the DKI Jakarta DPRD. "I am grateful that BPK actually entered. Even though the disclaimer made a shock, this team and I are the initial fundamentals, which can clean up all the corporate processes of PAM, including assets that we do not know. If nothing like this, we feel everything is fine," said Arief at the DKI Jakarta DPRD Building, Tuesday, June 13. Arief said that his party was taking a number of steps to follow up on the BPK's findings. First, PAM Jaya formed a team to organize PAM Jaya's fixed assets. "Regarding assets, forming a fixed asset arrangement team, both to develop an internal control system, carry out stock taking, and take care of the asset removal process. This process will also involve KJPP (public appraiser service office) and other professionals that will be needed," said Arief. then, PAM Jaya will also conduct a census of inactive consumers as the basis for customer bleaching and setting up a digital database (customary master) to tidy up the recording of subscription guarantee debt (UJL). "Terait Escrow, we will complete the due diligence for the completion of the crowd statement against the two previous partners to ensure the rights and obligations that must be completed by each party until August 1, 2023," he explained. In the 2022 financial report, BPK provides the opinion of Not Providing Opinions (TMP) or Disclaimer of Opinion to PAM Jaya. This is different from the DKI Jakarta Provincial Government which won an Unqualified Opinion (WTP) in the financial statements of the same year. There are a number of factors that caused the BPK to place the title of Not Providing Opinion to PAM Jaya. First, fixed assets until 1986 as well as building fixed assets and installations obtained in 1997 were recorded jointly without the support of asset details, capitalization and listing of assets remained inadequate, and permanent assets obtained by partners through a reward burden to generate income were neither presented nor disclosed. This resulted in a fixed asset balance of IDR 867.23 billion which cannot be believed to be reasonable and the fixed assets presented and disclosed do not yet describe all fixed assets used to generate revenue. Then, the management of unproductive supplies is not supported by adequate records and storage areas and opname stocks have never been carried out so that the balance of unproductive asset inventory of IDR 30.42 billion cannot be believed to be reasonable.

Furthermore, the recording of transactions resulting from the cooperation between PAM Jaya and partners on the Escrow Account was inadequate. Thus, the balance of Escort accounts as of December 31, 2022, worth IDR 790.58 billion, was not presented in the report on the financial position, balance of funds worth IDR 48.42 billion, the rights and obligations were not clear, as well as the potential for less food for cash flow of operating activities in cash flow reports," he explained. Then, the listing of subscription guarantee debt (UJL) is not supported by a complete and accurate list of details so that UJL's debt balance of Rp53.32 billion cannot be believed to be reasonable.