Implementation Of Psak 73 Leases and Its Impact on Company's Financial Performance (Case Study at Pt X Bandung)

Abstract

The purpose of this study was to determine the impact of the application of PSAK 73 on the company's financial performance at PT X. This study used a qualitative descriptive method. Data and information in the form of financial statements for the financial year ended June 30, 2019 (not yet applying PSAK 73) and financial statements for the financial year ended June 30 2020 that have applied PSAK 73. The results show that the Company has applied PSAK 73 retrospectively so that the financial statements before the period June 30, 2020, are presented returned and presented comparatively for 3 financial years. The application of PSAK 73 on leases has a significant impact on the financial performance of PT X, this is evident from the results of the study showing that there are quite large changes in total assets and total liabilities, which has implications for changes in the solvency ratio as indicated by an increase in ratio the Debt To Assets (DAR) 26.02% and Debt To Equity (DER) 84.85%, while the profitability ratio of PT X experienced a decrease in the ratio of Return On Assets (ROA) 1.72% and an increase in the ratio of Return On Equity (ROE) 0,3%.