ELIMINATION ENTRIES - INTERCOMPANY BOND HOLDINGS
Parent is Purchasing Company - Subsidiary is Issuing Company
Description
Eliminasi Constructive Gain/Loss & Piecemeal (tahun penjualan) Eliminasi Constructive Gain/Loss & Piecemeal (tahun berikutnya)
Constructive Gain a Investment in Bonds xxx a Investment in Bonds xxx
Gain on Constructive Retirement of Bonds xxx Investment in Subsidiary xxx
(to recognized the constructive gain not recorded by (to recognized the constructive gain not recorded by
Parent and adjust intercompany bonds to par value) Parent and adjust intercompany bonds to par value)
b Interest Revenue xxx b Interest Revenue (current year) xxx
Investment in Bonds xxx Investment in Subsidiary (prior years) xxx
(to reverse the amortization of discount on investment Investment in Bonds xxx
(to reverse the amortization of discount on investment
recorded by Parent during the current year and not
recorded by Parent and not needed by consolidated
needed by consolidated entity) --> Piecemeal entity) --> Piecemeal
KALAU DIGABUNG Combination of a and b Combination of a and b
Investment in Bonds (sbsr sisa akhir thn) xxx Investment in Bonds (sbsr sisa akhir thn) xxx
Interest Revenue (sbsr piecemeal) xxx Interest Revenue (sbsr piecemeal) xxx
Gain on Constructive Retirement of Bonds xxx Investment in Subsidiary (sbsr sisa awal thn) xxx
KALAU S ISSUING c Premium on Bonds xxx c Premium on Bonds xxx
Gain on Constructive Retirement of Bonds xxx Investment in Subsidiary xxx
NCI in Equity xxx
(to recognized the constructive gain not recorded by
Subsidiary and adjust intercompany bonds to par value) (to recognized the constructive gain not recorded by
Subsidiary and adjust intercompany bonds to par value)
d Interest Expense xxx d Interest Expense CURRENT YEAR xxx
Premium on Bonds xxx Investment in Subsidiary xxx
(to reverse amortization of premium on bonds payable NCI in Equity xxx
recorded by Subsidiary during current year and not Premium on Bonds xxx
needed by consolidated entity) --> Piecemeal (to reverse amortization of premium on bonds payable
recorded by Subsidiary and not needed by consolidated
entity) --> Piecemeal
KALAU DIGABUNG Combination of c and d Combination of c and d
Premium on Bonds (sbsr sisa akhir thn) xxx Premium on Bonds (sbsr sisa akhir thn) xxx
Interest Expense (sbsr piecemeal) xxx Interest Expense (sbsr piecemeal) xxx
Gain on Constructive Retirement of Bonds xxx Investment in Subsidiary xxx
NCI in Equity xxx
ELIMINASI BONDS PAYABLE DAN
e e
INVESTMENT IN BONDS Bonds Payable xxx Bonds Payable xxx
Investment in Bonds xxx Investment in Bonds xxx
ELIMINASI INTEREST REVENUE DAN
f Interest Revenue xxx f Interest Revenue xxx
INTEREST EXPENSE
Interest Expense xxx Interest Expense xxx
Constructive Loss a Loss on Constructive Retirement of Bonds xxx a Investment in Subsidiary xxx
Investment in Bonds xxx Investment in Bonds xxx
(to recognized the constructive loss not recorded by (to recognized the constructive loss not recorded by
Parent and adjust intercompany bonds to par value) Parent and adjust intercompany bonds to par value)
b Investment in Bonds xxx b Investment in Bonds xxx
Interest Revenue xxx Interest Revenue (current year) xxx
(to reverse the amortization of premium on investment Investment in Subsidiary (prior years) xxx
(to reverse the amortization of premium on investment
recorded by Parent during the current year and not
recorded by Parent and not needed by consolidated
needed by consolidated entity) --> Piecemeal entity) --> Piecemeal
Combination of a and b Combination of a and b
Loss on Constructive Retirement of Bonds xxx Investment in Subsidiary (sbsr sisa awal thn) xxx
Investment in Bonds (sbsr sisa akhir thn) xxx Investment in Bonds (sbsr sisa akhir thn) xxx
Interest Revenue (sbsr piecemeal) xxx Interest Revenue (sbsr piecemeal) xxx
c Loss on Constructive Retirement of Bonds xxx c Investment in Subsidiary xxx
Discount on Bonds xxx NCI in Equity xxx
Discount on Bonds xxx
(to recognized the constructive loss not recorded by
Subsidiary and adjust intercompany bonds to par value) (to recognized the constructive loss not recorded by
Subsidiary and adjust intercompany bonds to par value)
d Discount on Bonds xxx d Discount on Bonds xxx
Interest Expense xxx Interest Expense xxx
(to reverse amortization of discount on bonds payable Investment in Subsidiary xxx
recorded by Subsidiary during current year and not NCI in Equity xxx
needed by consolidated entity) --> Piecemeal (to reverse amortization of discount on bonds payable
recorded by Subsidiary and not needed by consolidated
entity) --> Piecemeal
Combination of c and d Combination of c and d
Loss on Constructive Retirement of Bonds xxx Investment in Subsidiary xxx
Discount on Bonds (sbsr sisa akhir thn) xxx NCI in Equity xxx
Interest Expense (sbsr piecemeal) xxx Discount on Bonds (sbsr sisa akhir thn) xxx
Interest Expense (sbsr piecemeal) xxx
e Bonds Payable xxx e Bonds Payable xxx
Investment in Bonds xxx Investment in Bonds xxx
f Interest Revenue xxx f Interest Revenue xxx
Interest Expense xxx Interest Expense xxx
Parent is Issuing Company - Subsidiary is Purchasing Company
Description
Eliminasi Constructive Gain/Loss & Piecemeal (tahun penjualan) Eliminasi Constructive Gain/Loss & Piecemeal (tahun berikutnya)
Constructive Gain a Investment in Bonds xxx a Investment in Bonds xxx
Gain on Constructive Retirement of Bonds xxx Investment in Subsidiary xxx
NCI in Equity xxx
(to recognized the constructive gain not recorded by
Subsidiary and adjust intercompany bonds to par value) (to recognized the constructive gain not recorded by
Subsidiary and adjust intercompany bonds to par value)
b Interest Revenue xxx b Interest Revenue (current year) xxx
Investment in Bonds xxx Investment in Subsidiary xxx
(to reverse the amortization of discount on investment NCI in Equity xxx
Investment in Bonds xxx
recorded by Subsidiary during the current year and not
(to reverse the amortization of discount on investment
needed by consolidated entity) --> Piecemeal recorded by Subsidiary and not needed by consolidated
entity) --> Piecemeal
Combination of a and b Combination of a and b
Investment in Bonds (sbsr sisa akhir thn) xxx Investment in Bonds (sbsr sisa akhir thn) xxx
Interest Revenue (sbsr piecemeal) xxx Interest Revenue (sbsr piecemeal) xxx
Gain on Constructive Retirement of Bonds xxx Investment in Subsidiary xxx
NCI in Equity xxx
c Premium on Bonds xxx c Premium on Bonds xxx
Gain on Constructive Retirement of Bonds xxx Investment in Subsidiary xxx
(to recognized the constructive gain not recorded by (to recognized the constructive gain not recorded by
Parent and adjust intercompany bonds to par value) Parent and adjust intercompany bonds to par value)
d Interest Expense xxx d Interest Expense (current year) xxx
Premium on Bonds xxx Investment in Subsidiary (prior years) xxx
(to reverse amortization of premium on bonds payable Premium on Bonds xxx
recorded by Parent during current year and not needed (to reverse amortization of premium on bonds payable
by consolidated entity) --> Piecemeal recorded by Parent and not needed by consolidated
entity) --> Piecemeal
Combination of c and d Combination of c and d
Premium on Bonds (sbsr sisa akhir thn) xxx Premium on Bonds (sbsr sisa akhir thn) xxx
Interest Expense (sbsr piecemeal) xxx Interest Expense (sbsr piecemeal) xxx
Gain on Constructive Retirement of Bonds xxx Investment in Subsidiary (sbsr sisa awal thn) xxx
e Bonds Payable xxx e Bonds Payable xxx
Investment in Bonds xxx Investment in Bonds xxx
f Interest Revenue xxx f Interest Revenue xxx
Interest Expense xxx Interest Expense xxx
Constructive Loss a Loss on Constructive Retirement of Bonds xxx a Investment in Subsidiary xxx
Investment in Bonds xxx NCI in Equity xxx
Investment in Bonds xxx
(to recognized the constructive loss not recorded by
Subsidiary and adjust intercompany bonds to par value) (to recognized the constructive loss not recorded by
Subsidiary and adjust intercompany bonds to par value)
b Investment in Bonds xxx b Investment in Bonds xxx
Interest Revenue xxx Interest Revenue (current year) xxx
(to reverse the amortization of premium on investment Investment in Subsidiary xxx
NCI in Equity xxx
recorded by Subsidiary during the current year and not
(to reverse the amortization of premium on investment
needed by consolidated entity) --> Piecemeal recorded by Subsidiary and not needed by consolidated
entity) --> Piecemeal
Combination of a and b Combination of a and b
Loss on Constructive Retirement of Bonds xxx Investment in Subsidiary xxx
Investment in Bonds (sbsr sisa akhir thn) xxx NCI in Equity xxx
Interest Revenue (sbsr piecemeal) xxx Investment in Bonds (sbsr sisa akhir thn) xxx
Interest Revenue (sbsr piecemeal) xxx
c Loss on Constructive Retirement of Bonds xxx c Investment in Subsidiary xxx
Discount on Bonds xxx Discount on Bonds xxx
(to recognized the constructive loss not recorded by (to recognized the constructive loss not recorded by
Parent and adjust intercompany bonds to par value) Parent and adjust intercompany bonds to par value)
d Discount on Bonds xxx d Discount on Bonds xxx
Interest Expense xxx Interest Expense (current year) xxx
(to reverse amortization of discount on bonds payable Investment in Subsidiary (prior years) xxx
recorded by Parent during current year and not needed (to reverse amortization of discount on bonds payable
by consolidated entity) --> Piecemeal recorded by Parent and not needed by consolidated
entity) --> Piecemeal
Combination of c and d Combination of c and d
Loss on Constructive Retirement of Bonds xxx Investment in Subsidiary (sbsr sisa awal thn) xxx
Discount on Bonds (sbsr sisa akhir thn) xxx Discount on Bonds (sbsr sisa akhir thn) xxx
Interest Expense (sbsr piecemeal) xxx Interest Expense (sbsr piecemeal) xxx
e Bonds Payable xxx e Bonds Payable xxx
Investment in Bonds xxx Investment in Bonds xxx
f Interest Revenue xxx f Interest Revenue xxx
Interest Expense xxx Interest Expense xxx
penarikan konstruktif adalah seolah - olah penerbit menarik bondsnya sendiri
ISSUING COMPANY PURCHASING COMPANY
PENERBIT INVESTOR
2-Jan-10 CASH 85000 INVESTMENT IN BONDS
DISCOUNT ON B/P 15000 CASH
BONDS PAYABLE 100000
31-Dec INTEREST EXPENSE 7000 CASH
CASH 7000 INTEREST REVENUE
7% X 100.000
AMORTISASI DISCOUNT ATAU PREMIUM
INTEREST EXPENSE 5000 INVESTMENT IN BONDS
DISCOUNT ON B/P 5000 INTEREST REVENUE
15000 : 3 TAHUN
85000
85000
harus menjuju nilai nomimal pada akhir tahun obligasi 100.000
7000
7000
5000
5000
BONDS - S = 100%/60% X 300.000= 500.000
NOMINAL 500000 nominal xxx
less unamortizedDISCOUNT -20000 add unamortized premium xxx
BV = BONDS CARRYING VALUE = BCV 480000 book value xxx
CASH 480000
DISCOUNT 20000
B/P 500000
premium
NOMINAL XXX NOMINAL XXX
LESS UNAMORTIZED DISCOU XXX ADD UNAMORTIZED PREMIUMXXX
BV XXX BV XX
JURNAL ELIMINASI 31 DES 2012 (TAHUN PENJUALAN)
1. MENGAKUI CONSTRUCTIVE GAIN/LOSS DARI SISI P
CONSTRUCTIVE LOSS 10000
INVESTMENT IN BONDS 10000
2. MENGAKUI CONSTRUCTIVE GAIN/LOSS DARI SISI S
CONSTRUCTIVE LOSS 12000 PREMIUM ON B/P
DISCOUNT ON B/P 12000 CONSTRUCTIVE GAIN
3. ELIMINASI B/P DAN INVESTMENT IN BONDS
BONDS PAYABLE 300000
INVESTMENT IN BONDS 300000 SEBESAR NILAI NOMINAL
JURNAL ELIMINASI 31 DEC 2013 (TAHUN SETELAH PENJUALAN)
1. MENGAKUI CONSTRUCTIVE GAIN/LOSS DARI SISI P
INVESTMENT IN S 10000
INVESTMENT IN BONDS 10000
2. MENGAKUI CONSTRUCTIVE GAIN/LOSS DARI SISI S
INVESTMENT IN S 80% 9600
NCI 20% 2400
DISCOUNT ON B/P 12000
3. ELIMINASI B/P DAN INVESTMENT IN BONDS
B/P 300000
INVESTMENT IN BONDS 300000 SEBESAR NOMINAL
4. ELIMINASI INTEREST EXPENSE AND INTEREST REVENUE
INTEREST REVENUE 27000
INTEREST EXPENSE 27000
9% X NOMINAL 300.000
5. MENGHAPUS AMORTISASI DISKON ATAU PREMIUM YANG TIDAK DIPERLUKAN LAGI DARI SUDUT PANDANG KONS
DARI S
DISCOUNT MUNCUL DI DEBET
AMORTISASI DISKON: INTEREST EXPENSE XXXX
DISCOUNT XXXX
ELIMINASI : ELIMINASI 2014:
DISCOUNT ON B/P 3000 DISCOUNT ON B/P 6000
INTEREST EXPENSE 3000 INTEREST EXPENSE 3000
12.000 : 4 = 3000 INVESTMENT IN S 80% X 3 2400
NCI 20% X 3000 600
6. MENGHAPUS AMORTISASI PREMIUM ATAU DISKON YANG TIDAK DIPERLUKAN DALAM RANGKA KONSOLIDASI
DARI SISI P
WAKTU INVEST : INVESTMENT IN BONDS 310000
CASH 310000
310.000 HARUS SAMA DENGAN NILAI NOMINAL PADA AKHIR TAHUN OBLIGASI JATUH TEMPO
10.000 : 4 = 2500 PER TAHUN DIAMORTISASI
WAKTU AMORTISASI : INTEREST REVENUE 2500
INVESTMENT IN BONDS 2500
ELIMINASI : INVESTMENT IN BONDS 2500
INTEREST REVENUE 2500
ELIMINASI 2013 INVESTMENT IN BONDS 5000 2012 DAN 2013
INTEREST REVENUE 2014 2500 2013
INVESTMENT IN S 2500 2012
GAK PERLU NCI KARENA DARI SISI P
ARI SUDUT PANDANG KONSOLIDASI
TAHUN 2013
TAHUN 2012
DARI SISI S PERLU CATAT NCI
RANGKA KONSOLIDASI
OBLIGASI JATUH TEMPO
ARENA DARI SISI P