Adoption as of 1 January 2020

PSAK 73 – Leases DSAK IAI has announced the new Leases standard.

The impacts
What’s changed Timetable
Steps to get your house in order
2017-2018 2019 2020
Old Treatment for lessees: What you need to do
Impact Implementation Effective date
assesment program
DSAK IAI Get organized
Get organized Understand the issue – project setup,
Finance leases on Operating leases Service contracts Understand the impact governance, resources
Actions
balance sheet off balance sheet off balance sheet required Transition to the new standard
New treatment for lessees: Understand the impact
New Global lease capitalisation impact by industry*
Identify all in Assess the impact
scope lease Gather and on financial
Median increase in debt
contracts validate data metrics
Median increase in total assets
All leases > Short term leases Service contracts Median increase in EBITDA
Transition to the new standard
12 months (less than 12 months), off balance sheet
All companies Retailers
on balance sheet and low value 22% Define requirements Implement Ensure
98%
assets leases off balance sheet 5% 22% and select software systems and business
13% 41% solution processes as usual

What is affected Professional Services Airlines

42% 47% The DSAK IAI has set 1 January 2020 as the effective date for the new
Ensure compliance 5% 15% Leases standard. At first glance this date feels like it is far enough
Compliance with new PSAK 15% 33%
to not have to think about it immediately. However, the wide reaching
requirements impacts on your organisations' processes and systems are likely
Transport & Logistics Health Care to be very significant. It's vital that you take the time to understand
Key ratios and KPIs 24% 36% the impacts of PSAK 73 now, gather and validate leases data and
Performance measurement need to be redefined 7% 6% build an implementation program. This approach will mean that
20% 24% potential issues are highlighted early and steps can be taken to
resolve them, ultimately saving time and costs.
Treasury, HR, Wholesale Entertainment
Cross-department issue IT, Tax, Sales/ 28% 23%
Procurement 5% 5%
17% 15%
* Global PwC Lease Capitalization Study

PwC Indonesia contacts:

Jumadi Anggana Djohan Pinnarwan Irwan Lau Helen Cuizon
Partner Partner Director Senior Manager
jumadi.anggana@id.pwc.com djohan.pinnarwan@id.pwc.com irwan.lau@id.pwc.com helen.cuizon@id.pwc.com
Akuntina Novriani Elina Mihardja Dwi Jayanti www.pwc.com/leases
Manager Manager Manager
© 2017 PricewaterhouseCoopers LLP. All rights reserved.
akuntina.novriani@id.pwc.com elina.mihardja@id.pwc.com dwi.jayanti@id.pwc.com
Design Services 30086 (02/16).