PT ANCARA LOGISTICS INDONESIA TBK QUARTERLY-XBRL

BasisOfPreparationOfConsolidatedFinancialStatementsTextBlock

The accounting policies applied in the preparation of these consolidated financial statements are consistent with the accounting policies applied in the preparation of the Group consolidated financial statements for the year ended December 31, 2024, except for the adoption of new interpretation and amendments of accounting standards effective January 1, 2025 as described in the related accounting policies. Effective January 1, 2025, the Group has adopted the following PSAKs: - PSAK No. 117, Contracts and - Amendment to PSAK No. 117, Contracts regarding the Initial Application of PSAK No. 117 and PSAK No. 109 - Comparative Information. The adoption of these amendments had no impact on the Group consolidated financial statements. The Group adopted Amendment to PSAK No. 201, of Financial Statements regarding non-current liabilities with covenants. This amendment stipulates that only covenants that must be complied with by the entity on or before the reporting date will affect the classification of liabilities as current or non-current and their disclosure. The adoption of these amendments had no impact on the Group consolidated financial statements. The consolidated financial statements, except for the consolidated statement of cash flows, have been prepared on the accrual basis using the historical cost basis of accounting, except for certain accounts which are measured on the bases described in the related accounting policies for those accounts. The Group adopted Amendment to PSAK No. 207 of Cash Flows and PSAK No. 107 (previously PSAK No. 2) Instruments: Disclosures related to supplier finance arrangements. These amendments clarify the disclosure requirements in relation to supplier finance arrangements. The adoption of these amendments had no impact on the Group consolidated financial statements. The preparation of consolidated financial statements in conformity with Indonesian Financial Accounting Standards requires the use of certain accounting estimation and assumptions. It also requires management to exercise its judgment in the process of applying the Group accounting policies. The consolidated statements of cash flows are prepared using the direct method, and classified into operating, investing and financing activities. Additional disclosure is presented to evaluate changes in liabilities arising from financing activities, including the changes arisi