Indonesia’s Stock Exchange Embraces Electronic Filing System

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The Indonesia Stock Exchange (IDX) has implemented an electronic filing system to enhance transparency and efficiency in the country’s capital markets. This new system allows listed companies to submit their financial reports in various formats, including XBRL, Excel, and HTML.

Purpose of the Electronic Filing System

Timely disclosure for investors and analysts
Internal analysis by the stock exchange itself

The IDX requires listed companies to file their financial reports through the electronic filing system. The system then converts these reports into four formats: XBRL Instance, Inline XBRL, Excel, and PDF.

Features of the Electronic Filing System

Dynamic PDF format currently used by the IDX
Listed companies have three options for submitting financial reports:
- XBRL Instance
- Excel
- HTML
Companies must also attach a scanned printed version in PDF format

The system is designed to provide investors with easy access to financial data, which is publicly available on the IDX’s website (www.idx.co.id). The data is provided in XBRL format, making it easier for analysts and investors to analyze and compare financial statements.

Quotes from IDX Spokesperson

“Our goal is to create a fair, orderly, and efficient capital market. The electronic filing system is an important step towards achieving this goal.”

Other Relevant Organizations

The IDX also works closely with other organizations in the Indonesian financial sector:

About the Organizations

Indonesian Institute of Accountants (IAI): The national organization of accountants in Indonesia.
Indonesia Stock Exchange (IDX): Responsible for ensuring a fair, orderly, and efficient capital market.
Indonesia Financial Services Authority (OJK): Oversees all activities in the financial sector to maintain a sustainable and stable financial system.

Contact Information

For more information or inquiries: