JAKARTA. A top official of the Jakarta Financial Management Body (BPAD) has said the value of Jakarta's fixed assets in five municipalities across Jakarta, depreciated by Rp 32.8 trillion (US$2.46 billion) in 2016.
BPAD head Achmad Firdaus said the calculations had only just been released as the value of the assets continued fluctuating.
"The figure was the result of assets calculation up to Dec. 31, 2016. We only calculate them once every year so we need at least half a year to find the total value," Achmad said as quoted by beritajakarta.com on Sunday.
He said that as of December 2016, asset depreciation had occurred in equipment and machinery by Rp 0.9 trillion; buildings by Rp 8.7 trillion; road networks and irrigation and city networks by Rp 13.04 trillion and other assets by Rp 162 billion.
"As for each municipality, we have yet to find out their total depreciation value. We are still calculating it," he said.
