2. Accounting Policy
Highlights a. Presentation
of Financial
Statement
The i nancial statement is composed based on a historic cost concept, apart from certain accounts which are reported
according to accounting policy of the related accounts.
Bank’s i nancial statements presented in accordance with
Statement of Financial Accounting Standards SFAS No. 31, “Accounting for the Banking Industry” issued by the Indonesian
Institute of Accountants. IAS has been revised to “SFAS No. 31 Revised 2000 “and is ef ective from the date of January 1,
2000. On January 1, 2010 SFAS No. 31 has been repealed by PPSAK No. 4 regarding the revocation of SFAS Statement of
Financial Accounting Standards No.31.
Starting on December 9, 2008, the Bank’s i nancial statements presented in accordance with Statement of Financial
Accounting Standards SFAS No. 101 of the Islamic i nancial statement presentation, SFAS No. 102 on murabahah
accounting, SFAS No. 104 on istishna accounting, SFAS No. 105 on Musyarakah accounting, SFAS No. 107 on ijarah accounting,
Accounting Guidelines for Islamic Banking Indonesia PAPSI and accounting principles generally accepted set Indonesian
Institute of Accountants, also include accounting and reporting guidelines set by central bank of Indonesia.
For the presentation of cash l ow statement, cash and cash equivalents consist of cash, demand deposits at central bank of
Indonesia, demand deposits and placements with other banks maturing within 3 three months or less from the date of
acquisition and no restrictions on redemption. Cash l ows from operating activities presented in the statement of cash l ows
using the direct method.
Under SFAS No. 101, the i nancial statements are complete Islamic bank consist of the following components:
i Balance sheets; ii Statements of cmprehensive income;
iii Statements of cash l ow; iv Statements of changes in stockholders equity;
v Statements of changes in restricted investments;
2. Ikhtisar Kebijakan Akuntansi a. Penyajian laporan keuangan
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