Jakarta, CNBC Indonesia – PT Asuransi Jiwasraya (Persero) has just released its financial report which ended in December 2020. In this report, the company has recorded a number of changes in line with the transfer of the company’s business to PT PT Asuransi Jiwa IFG or IFG Life, a subsidiary of PT Bahana Pembimbing Usaha Indonesia ( BPUI).
In the financial report, the company’s total debt was recorded at Rp 54.36 trillion. This number has increased from the position at the end of 2019 which was valued at IDR 17.04 trillion.
Of this amount, there are zero claims debt compared to 2019, which amounted to Rp. 13.07 trillion. Previously, Jiwasraya’s claim debt restructuring was carried out by transferring the policy to IFG Life.
The value of the burdensome debt reached Rp. 54.36 trillion, which includes liabilities that are directly related to assets classified as held for sale / disposal as the implementation of PSAK 58.
In terms of assets, the company’s investment value dropped drastically at the end of the previous year, from Rp 14.99 trillion to only Rp 2.15 trillion. The source of this investment only comes from time deposits worth Rp 547.70 billion and land and buildings worth Rp 1.60 trillion.
Currently, the company no longer has stock portfolios, corporate bonds, MTN, mutual funds, asset-backed securities (EBA) and policy loans.
Non-investment assets rose sharply from Rp 3.15 trillion to Rp 13.57 trillion due to the increase in other assets. These assets include assets classified as held for sale / disposal as the implementation of PSAK 58.
So that the company’s total assets currently reach Rp. 15.72 trillion, only down from Rp. 18.15 trillion.
Meanwhile, until the end of 2020 the company had experienced a solvency shortage of Rp. 48.50 trillion, up from the end of 2019 which amounted to Rp. 41.76 trillion.
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