Bisnis.com, JAKARTA — PT GoTo Gojek Tokopedia Tbk. (GOTO) suffered a loss as the investment value of PT Matahari Putra Prima Tbk shares decreased. (MPPA) belongs to the Lippo Group. Check out the list of technology issuer portfolios.
Technology broadcaster PT GoTo Gojek Tokopedia Tbk. (GOTO) reported a loss for the current period of IDR 20.9 trillion up to Q3 2022. This loss increased from the same period of the previous year by IDR 12.25 trillion.
One of the sources of the loss was an impairment loss of stakes in related entities which amounted to IDR 287.65 billion. This reversed from a profit of IDR 92.36 billion last year.
When viewed further, the depreciation in value of the investment comes from one of the GOTO portfolios, namely PT Matahari Putra Prima Tbk. (MPPA).
GOTO acquired 1.40 billion MPPA shares in 2021. This transaction represents 18.64% ownership of MPPA shares for a total consideration of IDR 716.71 billion.
Upon acquiring the stake in MPPA, GOTO identified intangible assets in the form of Hypermart, Foodmart, Hyfresh Supermarket, Primo Supermarket, SmartClubs, Boston Health & Beauty and FMX convenience store brands with a fair value of IDR 2.63 trillion. These trademarks are amortized on a straight-line basis over 20 years.
