Astra Agro Lestari: Financial Accounting

Responsible Alpha

As of 2017, Astra Agro Lestari had total planted area of 290.961 hectares in Indonesia. By 2017, Astra had entered into nucleus-plasma partnerships (Plasma Scheme) involving a total of 73,099 individuals, subdivided into 2,736 farmer groups, and covering 178,379 hectares of the 297,000 hectares of landbank controlled by the group. Our study suggests that Astra Agro’s financial reports may not have been applied correctly relative to IAS 17 Leases (in Indonesia the regulation is PSAK 30).