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                   LAPORAN KEUANGAN INTERIM
TANGGAL 30 SEPTEMBER 2023 DAN UNTUK PERIODE SEMBILAN BULAN YANG
            BERAKHIR PADA TANGGAL 30 SEPTEMBER 2023
                        (TIDAK DIAUDIT)

                        INTERIM FINANCIAL STATEMENTS
 AS OF SEPTEMBER 30, 2023 AND FOR NINE MONTH PERIOD ENDED SEPTEMBER 30, 2023
                                (UNAUDITED)




           PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk
                   Jl. Raya Rancabolang No. 98
                        Gedebage - Bandung
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                      PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
LAPORAN KEUANGAN INTERM                                                        INTERM FINANCIAL REPORTS
TANGGAL 30 SEPTEMBER 2023 DAN UNTUK                             AS OF SEPTEMBER 30, 2023 AND FOR NINE
PERIODE SEMBILAN BULAN YANG BERAKHIR                          MONTH PERIOD ENDED SEPTEMBER 30, 2023
PADA TANGGAL 30 SEPTEMBER 2023


                                     DAFTAR ISI / TABLE OF CONTENTS

                                                  Halaman/
                                                   Pages
 -   Daftar Isi                                       i                                   Table of Contents -

 -    Surat Pernyataan Direksi Tentang Tanggung      ii              Board of Directors Statement Regarding -
     Jawab Atas Laporan Keuangan                                         Responsibility for Financial Reports

 -   Laporan Posisi Keuangan                         1                       Statement of Financial Position -
     Tanggal 30 September 2023 dan 31                          Date of September 30, 2023 and December 31,
     Desember 2022                                                                                    2022

 -   Laporan Laba/(Rugi)                             3                            Statement of Profit/(Loss) -
     Untuk periode sembilan bulan yang berakhir                 For the nine-month periods ended September
                                                                                         30, 2023 and 2022
     pada tanggal 30 September 2023 dan 2022

 -    Laporan Perubahan Ekuitas                      4                       Statement of Changes in Equity -
       Untuk periode bulan-bulan yang berakhir                 For the months ended September 30, 2023 and
     pada tanggal 30 September 2023 dan 31                                               December 31, 2022
     Desember 2022

 -   Laporan Arus Kas                                5                             Statement of Cash Flows -
     Untuk periode sembilan bulan yang berakhir                 For the nine-month periods ended September
     pada tanggal 30 September 2023 dan 2022                                             30, 2023 and 2022



 -   Catatan atas Laporan Keuangan                   6                     Notes of The Financial Statements -
     Tanggal 30 September 2023 dan 31                          Date of September 30, 2023 and December 31,
     Desember 2022                                                                                      2022




                                                          i
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                             PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
LAPORAN POSISI KEUANGAN                                                      STATEMENT OF FINANCIAL POSITION
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                  AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022

                             30 September 2023         Catatan/   31 Desember 2022
                            September 30, 2023          Notes     December 31, 2022
                                     Rp                                 Rp


ASET                                                                                                       ASSETS
ASET LANCAR                                                                                     CURRENT ASSETS
- Kas dan Setara Kas               2,415,779,450          3           1,717,276,418   Cash and Cash Equivalents   -
- Piutang Usaha                    3,064,550,741          4           6,300,348,620            Trade Receivables -
- Piutang Lain-lain                4,549,754,408          5           4,549,754,408            Other Receivables -
- Persediaan                      47,650,378,491          6          45,433,757,588                  Inventories -
- Uang Muka                         234,642,197           7              47,693,263         Payment in Advance -
- Biaya Dibayar di Muka             199,718,725           8             207,414,898                Prepayments -
- Pajak Dibayar di Muka             456,685,000           9             353,294,000                 Prepaid Tax -
Total Aset Lancar               58,571,509,012                      58,609,539,195            Total Current Assets


ASET TIDAK LANCAR                                                                          NON CURRENT ASSETS
- Aset Pajak Tangguhan            19,667,938,027          9          19,012,822,618          Deferred Tax Assets -
- Aset Tetap Neto                229,726,513,223         10         229,822,242,903            Fixed Assets - net -
- Aset Tak Berwujud Neto           1,405,180,736         11           1,463,729,930       Intangible Assets - net -
- Aset Lain-lain                   1,309,792,837         12           1,554,487,614                Other Assets -
Total Aset Tidak Lancar        252,109,424,823                     251,853,283,065       Total Non Current Assets


TOTAL ASET                     310,680,933,835                     310,462,822,260                 TOTAL ASSETS




                                                   1
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                      PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
LAPORAN POSISI KEUANGAN                                                               STATEMENT OF FINANCIAL POSITION
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                          AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022

                                    30 September 2023          Catatan/   31 Desember 2022
                                    September 30, 2023          Notes     December 31, 2022
                                             Rp                                  Rp


LIABILITAS DAN EKUITAS                                                                                 LIABILITIES AND EQUITY
LIABILITAS JANGKA PENDEK                                                                                   CURRENT LIABILITIES
- Utang Usaha                             17,639,250,319         13          18,949,783,391                      Trade Payables -
- Utang Pajak                              2,159,353,992          9            1,491,621,803                     Taxes Payables -
-   Utang PT Perusahaan Pengelola                                                                 PT Perusahaan Pengelola Aset -
    Aset (PT PPA)                         12,582,314,842         18          14,682,775,640                  (PT PPA) Payables
- Utang Pembiayaan                           59,133,332          14             231,073,697                  Financing Payables -
- Utang Bunga                             26,680,288,908         15          27,032,566,328                    Interest Payables -
- Beban Akrual                            17,555,556,226         16          18,382,328,805                   Accrued Liabilities -
- Utang Pihak Ketiga                       7,036,752,645         17            2,175,236,170               Third Party Payables -
Total Liabilitas Jangka Pendek          83,712,650,264                      82,945,385,834            Total Current Liabilities


LIABILITAS JANGKA PANJANG                                                                            NON CURRENT LIABILITIES
-   Utang PT Perusahaan Pengelola                                                                 PT Perusahaan Pengelola Aset -
    Aset (PT PPA)                         25,703,766,233         18          26,043,149,981                  (PT PPA) Payables
- Utang Pembiayaan                           42,305,171          14              42,305,171                  Financing Payables -
- Liabilitas Imbalan Pasca kerja          36,859,892,629         19          33,766,513,862         Employee Benefits Liabilities -
- Utang Lain-lain                         80,101,638,646         20          81,099,856,855                     Others Payables -
Total Liabilitas Jangka Panjang        142,707,602,679                     140,951,825,869       Total Non Current Liabilities


TOTAL LIABILITAS                       226,420,252,943                     223,897,211,703                     TOTAL LIABILITIES


EKUITAS                                                                                                                    EQUITY
-   Modal saham ditempatkan dan          130,235,143,200         21         130,235,143,200        Share Capital Issued and Fully -
    disetor penuh                                                                                                           Paid
    Seri A : 172.000.000 lembar                                                                 Series A: 172,000,000 shares with
    saham dengan nominal Rp 250                                                                   a nominal value of IDR 250 per
    per saham                                                                                                               share
    Seri B : 436.175.716 lembar                                                                 Series B: 436,175,716 shares with
    saham dengan nominal Rp 200                                                                   a nominal value of IDR 200 per
    per saham                                                                                                               share
- Defisit                               (259,320,103,991)                   (257,399,740,933)                             Deficit -
- Penghasilan Komprehensif Lain          213,345,641,683                    213,730,208,290       Other Comprehensive Income -
Total Ekuitas                           84,260,680,892                      86,565,610,557                         TOTAL EQUITY


TOTAL LIABILITAS DAN EKUITAS           310,680,933,835                     310,462,822,260      TOTAL LIABILITIES AND EQUITY

Catatan atas laporan keuangan yang merupakan                                           Notes to the financial statements which are
bagian tak terpisahkan dari laporan keuangan ini                                      an integral part of these financial statements




                                                           2
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 PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                          PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
LAPORAN LABA (RUGI) DAN PENGHASILAN                                                  STATEMENTS OF PROFIT (LOSS) AND OTHER
KOMPREHENSIF LAIN                                                                                 COMPREHENSIVE INCOME
UNTUK PERIODE SEMBILAN BULAN YANG BERAKHIR                                 FOR THE NINE MONTH PERIOD ENDED SEPTEMBER 30,
PADA TANGGAL 30 SEPTEMBER 2023 DAN 2022                                                                                  2023 AND 2022

                                        30 September 2023 Catatan/ 30 September 2022
                                        September 30, 2023         Notes   September 30, 2022
                                                     Rp                           Rp


- Penjualan Bersih                           72,502,727,757         23       90,580,066,727                                   Net Sales    -
- Beban Pokok Penjualan                      (47,043,306,072)       24       (57,470,378,841)                             Cost of Sales    -
LABA KOTOR                                  25,459,421,685                  33,109,687,886                                 GROSS PROFIT


- Beban Penjualan                            (16,763,839,081)       25       (13,447,116,005)                          Selling Expenses    -
- Beban Administrasi dan Umum                (10,567,309,503)       26        (9,740,557,371) Administration dan General Expenses          -
- Pendapatan Lain-lain                             294,425,579      27          249,347,795                              Other Income      -
- Beban Lain-lain                                  (115,492,312)    27        (1,153,761,584)                           Other Expenses     -
TOTAL                                       (27,152,215,317)                (24,092,087,165)                                       TOTAL


RUGI USAHA                                   (1,692,793,632)                 9,017,600,721                            OPERATING PROFIT


- Pendapatan Keuangan                          1,850,149,055        28           34,127,342                           Financial Income     -
- Beban Keuangan                              (2,624,366,385)       28       (11,215,511,629)                       Financial Expenses     -
TOTAL                                          (774,217,330)                (11,181,384,287)                                       TOTAL


LABA/(RUGI) SEBELUM PAJAK                    (2,467,010,962)                 (2,163,783,566)                  PROFIT/(LOSS) BEFORE TAX


Pajak Tangguhan                                    546,647,904       9        (1,022,529,435)                             Deferred Tax
Pajak kini                                                  -                            -                                 Current Tax


LABA/(RUGI) TAHUN BERJALAN                   (1,920,363,058)                 (3,186,313,001)               PROFIT/(LOSS) FOR THE YEAR


PENGHASILAN/(BEBAN) KOMPREHENSIF LAIN                                                    OTHER COMPREHENSIF INCOME/(EXPENSES)
- Pengukuran kembali Aset Tanah                             -       10                   -            Remeasurement of Land Assets -
- Pengukuran
  Pengukuran kembali
             kembali kewajiban
                     kewajiban imbalan Pasca kerja                                                Remeasurement of post-employment -
  imbalan Pasca kerja                              (493,034,112)    19         (658,819,890)                      benefit obligations
- Dampak
  Dampak pajak
         pajak pengukuran
               pengukuran kembali
                          kembali imbalan Pasca kerja                                       Tax impact of remeasurement of Post- -
  imbalan Pasca kerja                              108,467,505       9          144,940,376                  employment benefits
BEBAN KOMPREHENSIF LAIN - BERSIH               (384,566,607)                  (513,879,514)       OTHER COMPREHENSIF EXPENSES-NET


TOTAL LABA/(RUGI) KOMPREHENSIF                                                                              TOTAL PROFIT/(LOSS) OTHER
TAHUN BERJALAN                               (2,304,929,665)                 (3,700,192,515)              COMPREHENSIVE FOR THE YEAR


LABA/(RUGI) PER SAHAM SERI A                              (3.69)    22                 (6.12)           PROFIT/(LOSS) PER SHARE SERI A
LABA/(RUGI) PER SAHAM SERI B                              (2.95)    22                 (4.89)           PROFIT/(LOSS) PER SHARE SERI B


Catatan atas laporan keuangan yang merupakan                                                  Notes to the financial statements which are
bagian tak terpisahkan dari laporan keuangan ini                                             an integral part of these financial statements




                                                                    3
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                               PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
LAPORAN PERUBAHAN EKUITAS                                                                       STATEMENT OF CHANGES IN EQUITY
UNTUK PERIODE SEMBILAN BULAN YANG BERAKHIR PADA                               FOR THE NINE MONTH PERIOD ENDED SEPTEMBER 30,
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                                               2023 AND DECEMBER 31, 2022

                              Modal Saham              Saldo               Komprehensif       Total Ekuitas
                                                Laba/(Defisit)                Lain
                              Share Capital       Retained                    Other           Total Equity
                                                     Earnings          Comprehensif
                                   Rp                   Rp                      Rp                 Rp



Saldo 31 Desember 2021        130,235,143,200      (255,030,362,533)       134,171,440,020     9,376,220,687     Balance as of December 31, 2021


Rugi Tahun Berjalan                                  (2,369,378,400)                           (2,369,378,400)                Loss for the year


Penghasilan Komprehensif                                                                                          Other Comprehensif Income
Lain tahun berjalan                                                         79,558,768,270     79,558,768,270                      for the year


Saldo 31 Desember 2022        130,235,143,200      (257,399,740,933)       213,730,208,290    86,565,610,557     Balance as of December 31, 2022


Rugi Tahun Berjalan                                  (1,920,363,058)                           (1,920,363,058)              Profit for the year


Beban Komprehensif Lain                                                                                          Other Comprehensif Expenses
tahun berjalan                                                                (384,566,607)      (384,566,607)                     for the year


Saldo 30 September 2023       130,235,143,200      (259,320,103,991)       213,345,641,683    84,260,680,892 Balance as of September 30, 2023


Catatan atas laporan keuangan yang merupakan                                                    Notes to the financial statements which are
bagian tak terpisahkan dari laporan keuangan ini                                               an integral part of these financial statements




                                                                       4
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                             PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
LAPORAN ARUS KAS                                                                                     STATEMENT OF CASH FLOW
UNTUK PERIODE SEMBILAN BULAN YANG BERAKHIR                                FOR THE NINE MONTH PERIOD ENDED SEPTEMBER 30,
PADA TANGGAL 30 SEPTEMBER 2023 DAN 2022                                                                  2023 AND 2022

                                             30 September 2023          30 September 2022
                                            September 30, 2023          September 30, 2022
                                                       Rp                       Rp
ARUS KAS DARI AKTIVITAS OPERASI                                                               CASH FLOWS FROM OPERATING ACTIVITIES
- Penerimaan Kas Dari Pelanggan                    83,719,375,689           97,314,057,981                 Cash Received from Customers -
- Penerimaan Uang Muka Dari Pelanggan                 582,376,475            2,071,572,368     Cash in Advance Received from Customers -
- Pembayaran Kas Kepada Pemasok                   (24,420,279,429)         (36,629,685,613)                         Cash Paid to Suppliers -
- Pembayaran Untuk Beban Usaha                     (8,133,660,876)          (6,917,843,325)              Cash Paid for Operating Expenses -
- Pembayaran Kepada Karyawan                      (44,545,794,728)         (41,319,928,967)                        Cash Paid to Employees -
- Pembayaran Bunga Dan Adm. Bank                   (2,624,366,385)          (2,625,100,679)          Cash Paid for Interest and Bank Adm -
- Pembayaran Pajak Penghasilan                     (1,023,508,440)            (645,275,635)                          Income Tax Payment -
- Pembayaran PPN                                   (5,400,685,637)          (7,718,726,068)                     Value Added Tax Payment -
Arus Kas Netto Dari Aktivitas Operasi             (1,846,543,331)           3,529,070,062       Net cash provided by operating activities


ARUS KAS UNTUK AKTIVITAS INVESTASI                                                             CASH FLOW FOR INVESTMENT ACTIVITIES
- Penerimaan Bunga Bank                                18,635,935               34,127,342                          Bank Interest Received -
- Penerimaan Lain-lain                                294,425,579              249,347,795                                Others Received -
- Pembayaran Aset Tetap & Pembiayaan                 (348,282,025)            (339,492,909)         Payment for Fixed Assets & Financing -
- Penerimaan/(Pembayaran) Aset Lain-Lain              244,694,777               18,925,200            Receipt/(Payments) of Others Assets -

Arus Kas Netto Dari Aktivitas Investasi             209,474,266               (37,092,572)        Net cash flow from investment activities


ARUS KAS UNTUK AKTIVITAS PENDANAAN                                                              CASH FLOWS FOR FINANCING ACTIVITIES
-   Penerimaan/(Pembayaran) Pinjaman                                                          Receipt/(Payments) of Perusahaan Pengelola -
    Perusahaan Pengelola Aset - Net                (1,943,567,903)           7,537,692,353                                    Aset Loans
-   Penerimaan/(Pembayaran) Hutang Pihak
    Ketiga                                          4,279,140,000              110,490,000        Receipt/(Payments) of Third Party Loans -
Arus Kas Netto Dari Aktivitas Pendanaan           2,335,572,097             7,648,182,353          Net cash flow from financing activities


                                                                                                  INCREASE/(DECREASE) IN CASH AND CASH
KENAIKAN/(PENURUNAN) KAS DAN SETARA KAS
                                                      698,503,032           11,140,159,843                                 EQUIVALENTS

                                                                                           CASH AND CASH EQUIVALENTS AT BEGINNING
KAS DAN SETARA KAS AWAL PERIODE                     1,717,276,418              553,526,124                          OF THE PERIOD

                                                                                                  CASH AND CASH EQUIVALENTS AT THE
KAS DAN SETARA KAS AKHIR PERIODE                  2,415,779,450           11,693,685,967                         END OF THE PERIOD



Lihat catatan atas laporan keuangan yang merupakan bagian tidak         See the notes to the financial statements which are an integral part of
terpisahkan dari laporan keuangan secara keseluruhan                                                           the overall financial statements




                                                                    5
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                        PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                          NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                           AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



1   UMUM                                                                              1 GENERAL
    a PT.      Primarindo            Asia        Infrastructure,           Tbk.         a PT. Primarindo            Asia      Infrastructure,           Tbk.
      (Perusahaan) didirikan di Bandung berdasarkan                                       (Company) was established in Bandung based
      Akta No. 7 tanggal 1 Juli 1988 oleh Notaris Nany                                    on Deed No. 7 dated July 1, 1988 by Notary
      Sukarja, S. H. Akta Pendirian Perusahaan telah                                      Nany       Sukarja,        S.     H.        The       Company's
      disahkan        oleh         Menteri      Kehakiman           Republik              Establishment Deed was ratified by the Minister
      Indonesia dalam Surat Keputusan No. C2-9967-                                        of Justice of the Republic of Indonesia in Decree
      HT.Ot01.TH 1988 tanggal 31 Oktober 1988 serta                                       No.     C2-9967-HT.Ot01.TH                  1988      dated    31
      diumumkan          dalam            Berita       Negara       Republik              October 1988 and announced in the State
      Indonesia No. 53 tanggal 2 Juli 1991, tambahan                                      Gazette of the Republic of Indonesia No. 53
      No.      1851.      Angggaran                 Dasar         Perusahaan              dated 2 July 1991, Supplement No. 1851. The
      mengalami beberapa kali perubahan, terakhir                                         Company's Articles of Association have been
      dengan akta No. 174 tanggal 29 Juni 2016 dari                                       amended several times, most recently by deed
      Notaris     R,     Tendy            Suwarman            SH     tentang              No. 174 dated 29 June 2016 from Notary R,
      pemecahan nilai nominal saham seri A dan seri B.                                    Tendy Suwarman SH regarding splitting the
      Akta perubahan ini telah diterima dan dicatat                                       nominal value of series A and series B shares.
      dalam      Sistem            Administrasi           Badan       Hukum               This deed of amendment has been received
      Kementerian        Hukum            dan      Hak     Asasi     Manusia              and recorded in the Legal Entity Administration
      sesuai     Surat        keputusan             No.     AHU-AH.01.03-                 System of the Ministry of Law and Human
      0067131 tanggal 27 Juli 2016.                                                       Rights in accordance with Decree No. AHU-
                                                                                          AH.01.03-0067131 dated 27 July 2016.

      Sesuai     dengan             pasal       3      Anggaran           Dasar           In accordance with article 3 of the Company's
      Perusahaan,              ruang             lingkup            kegiatan              Articles     of    Association,        the     scope     of   the
      perusahaan meliputi bidang usaha infrastruktur                                      company's activities includes infrastructure and
      dan    industri.       Perusahaan               mulai       berproduksi             industrial        business.     The         company      started
      secara komersial pada tanggal 1 Oktober 1989.                                       commercial production on October 1, 1989.
      Kegiatan        perusahaan             dari         sejak     pendirian             Since      its     establishment            until     now,    the
      sampai     saat        ini    meliputi          industri     alas    kaki           company's          activities     include       the    footwear
      khususnya        produksi             dan        penjualan sepatu                   industry, particularly the production and sale of
      olah     raga     dan         yang        berhubungan           dengan              sports     shoes        and     those        related    to    the
      pengolahan         bahan-bahan                  dasar       pembuatan               processing         of     basic     materials          for    the
      sepatu olah raga tersebut.                                                          manufacture of these sports shoes.

      Perusahaan         berdomisili             di     Jakarta       dengan              The company is domiciled in Jakarta with a
      pabrik     berlokasi           di      Bandung,         Jawa Barat.                 factory located in Bandung, West Java. The
      Kantor      pusat             Perusahaan             beralamat         di           Company's          head    office      is    located     at   the
      Gedung     Tatapuri            (d/h Gedung            Dana     Pensiun              Tatapuri Building (formerly the Pension Fund
      - Bank    Mandiri)           Lt. 3A JI. Tanjung Karang No. 3-                       Building - Bank Mandiri) lt. 3A JI. Tanjung
      4A, Jakarta. Total karyawan perusahaan sebanyak                                     Karang No. 3-4A, Jakarta. The number of
      946 orang tahun 2023, dan sebanyak 947 orang                                        company employees is 946 people in 2023, and
      tahun 2022.                                                                         as many as 947 people in 2022.

      Berdasarkan        hasil       RUPS LB            yang dituangkan                   Based on the results of the Extraordinary
      dalam akta notaris nomor 18 tanggal 7 November                                      General Meeting of Shareholders as outlined in
      2018 dari Notaris R. Tendy Suwarman S.H., di                                        notarial deed number 18 dated 7 November
      Bandung telah disetujui penambahan kegiatan                                         2018 from Notary R. Tendy Suwarman S.H., in
      usaha perseroan di bidang industri barang dari                                      Bandung it has been approved for the addition
      kulit dan kulit buatan untuk keperluan pribadi                                      of the company's business activities in the
      berupa tas dan lain-lain.                                                           leather and artificial leather goods industry for
                                                                                          personal use in the form of bags and others.




                                                                                  6
Page 10
PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                             PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                               AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022




1   UMUM (lanjutan)                                                       1 GENERAL (continued)
      Akta perubahan ini telah diterima dan dicatat                            This deed of amendment has been received
      dalam      Sistem     Administrasi    Badan        Hukum                 and recorded in the Legal Entity Administration
      Kementerian     Hukum     dan   Hak      Asasi    Manusia                System of the Ministry of Law and Human
      sesuai       Surat      keputusan         No.       AHU-                 Rights in accordance with Decree No. AHU-
      0027630.AH.01.02 tanggal 29 November 2018.                               0027630.AH.01.02 dated 29 November 2018.

      Perusahaan     telah    melakukan     RUPS-LB       yang                 The company has conducted an EGMS as
      dituangkan ke dalam Akta Notaris no. 42 tanggal                          outlined in the Notary Deed no. 42 dated 31
      31 Agustus 2021 oleh Notaris             Rudi Siswanto                   August    2021       by    Notary       Rudy    Siswanto
      tentang persetujuan perubahan anggaran dasar                             concerning approval of changes to the articles
      dan telah diterima dan dicatat dalam Sistem                              of association and has been received and
      Administrasi Badan Hukum Kementerian Hukum                               recorded in the Legal Entity Administration
      dan Hak Asasi Manusia sesuai Surat Keputusan                             System of the Ministry of Law and Human
      No.      AHU-AH.01.03.0451651            tanggal      22                 Rights in accordance with Decree No. AHU-
      September 2021.                                                          AH.01.03.0451651 dated 22 September 2021.

      Perusahaan telah melakukan RUPS untuk tahun                              The company has conducted a GMS for the
      buku 2021 yang dituangkan ke dalam Akta Notaris                          2021 financial year as outlined in the Notary
      No. 23 tanggal 21 Juli 2022 oleh Notaris Rudi                            Deed No. 23 dated 21 July 2022 by Notary Rudy

      Siswanto tentang Pernyataan Keputusan Rapat PT.                          Siswanto concerning Statement of Meeting
                                                                               Resolutions      of       PT.         Primarindo        Asia
      Primarindo     Asia    Infrastructure,     Tbk.     untuk
                                                                               Infrastructure, Tbk. to reappoint the Board of
      mengangkat      kembali     Dewan     Komisaris      dan
                                                                               Commissioners and Board of Directors, it has
      Direksi, telah diterima dan dicatat dalam Sistem
                                                                               been received and recorded in the Legal Entity
      Administrasi Badan Hukum Kementerian Hukum                               Administration System of the Ministry of Law
      dan Hak Asasi Manusia sesuai dengan Surat                                and Human Rights in accordance with Decree
      Keputusan No. AHU-AH.01.090041791 tanggal 08                             No. AHU-AH.01.090041791 dated 08 August
      Agustus 2022.                                                            2022.


      Susunan Pengurus Perusahaan tahun 2023 dan 2022 :          Company Management Composition for 2023 and 2022:
      Komisaris Utama                              Judiono Tosin                        President Commissioner
      Komisaris lndependen                                 Agus Sutopo                                   Independent Commissioner
      Komisaris lndependen                                Endang Kosasih                                 Independent Commissioner


      Direktur Utama                                     Bambang Setiyono                                             President Director
      Wakil Direktur Utama                                  David Jahya                                        Vice President Director
      Direktur                                             Yati Nurhayati                                                         Director


      Sesuai dengan Surat Keputusan Dewan Komisaris                            In    accordance      with      the    Decree      of    the
      Perusahaan tanggal 31 Mei 2022, terhitung sejak                          Company's Board of Commissioners dated May
      tanggal 31 Mei 2022 sampai dengan 30 Mei 2025,                           31, 2022, effective from May 31, 2022 to May
      susunan Komite Audit adalah sebagai berikut :                            30,    2025,   the    composition         of   the      Audit
                                                                               Committee is as follows:

      Komite Audit                                                                                                   Audit Committee
      Ketua                                                Agus Sutopo                                                         Chairman
      Anggota                                               Sri Mulyani                                                           Member
                                                        Oei Fuad Octavianus




                                                                  7
Page 11
PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                        PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                          AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



1   UMUM (lanjutan)                                                  1 GENERAL (continued)
    b Penawaran Umum Saham Perusahaan                                  b Public Offering of Company Shares


      Seluruh      saham     perusahaan      atau     sebanyak            All of the company's shares or 172,000,000
      172.000.000 saham seri A dengan nilai nominal                       series A shares with a nominal value of Rp.250
      Rp.250 dan 436.175.716 saham seri B dengan                          and    436,175,716       series    B    shares     with    a
      nilai nominal Rp. 200 telah dicatat pada Bursa                      nominal value of Rp. 200 have been listed on
      Efek Jakarta yang berasal dari :                                    the Jakarta Stock Exchange originating from:

      - Penawaran umum kepada masyarakat sejumlah                         -   Public offering of 10,000,000 shares with an
        10.000.000 saham dengan harga penawaran                               offering price of Rp. 2,800 per share,
                                                                              according to a letter from the Chairman of
        Rp. 2.800 per saham, sesuai dengan surat dari
                                                                              the   Capital   Market        Supervisory      Agency
        Ketua Badan Pengawas Pasar Modal (Bapepam)                            (Bapepam) No. S-1200/PM/1994 dated 30
        No. S-1200/PM/1994 tanggal 30 Agustus 1994.                           August 1994.

      - Pencatatan seluruh saham (25.000.000 saham)                       -   Listing of all shares (25,000,000 shares) of
        perusahaan     (company        listing)   tanggal   30                the   company        (company       listing)    on    30
        Agustus 1994.                                                         August 1994.

      - Pembagian saham bonus sejumlah 18.000.000                         -   Distribution of bonus shares in the amount
                                                                              of 18,000,000 shares originating from the
        saham yang berasal dari penawaran umum
                                                                              public offering of shares according to PT.
        saham sesuai Surat PT. Bursa Efek Jakarta No.
                                                                              Jakarta Stock Exchange Letter No. Peng-
        Peng-277/BEJ-1/D/1097 tanggal 1 Oktober 1997.                         277/BEJ-1/D/1097 dated 1 October 1997.

      - Pemecahan nilai nominal saham dari Rp. 1.000                      -   Splitting the nominal value of shares from
        menjadi     Rp. 500 per saham sesuai Surat                            Rp.   1,000     to   Rp.      500   per     share     in
        PT.Bursa     Efek    Jakarta   No.    Peng-1266/BEJ-                  accordance with PT. Jakarta Stock Exchange
        1.1/U/1097 tanggal 1 Oktober 1997.                                    Letter No. Peng-1266/BEJ-1.1/U/1097 dated
                                                                              1 October 1997.

      - Penambahan Modal Tanpa Memberikan Hak                             -   Capital Increase Without Pre-emptive Rights
        Memesan       Efek     Terlebih      Dahulu    dengan                 by converting a loan from PT. Golden Lestari
        mengkonversi pinjaman dari PT. Golden Lestari                         of Rp. 87,235,143,200 (eighty seven billion
        sebesar Rp. 87.235.143.200 (delapan puluh                             two hundred thirty five million one hundred
        tujuh milyar dua ratus tiga puluh lima juta                           forty three thousand and two hundred
        seratus empat puluh tiga ribu dua ratus rupiah)                       rupiahs)   to    218,087,858         (two      hundred
        menjadi 218.087.858 (dua ratus delapan puluh                          eighty seven eighty eight) Series B shares
        tujuh delapan puluh delapan) Saham Seri B                             with a nominal value of Rp. 400 (four
        dengan nilai nominal Rp. 400 (empat ratus                             hundred rupiah). 86,000,000 (eighty six
        rupiah). Saham sejumlah 86.000.000 (delapan                           million) shares had previously been issued
        puluh enam juta) sebelumnya telah diterbitkan                         and fully paid up to become Series A Shares
        dan disetor penuh menjadi Saham Seri A                                with a nominal value of Rp. 500 (five
        dengan nilai nominal Rp. 500 (lima ratus                              hundred rupiah).
        rupiah).




                                                                 8
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                  PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                     AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



1   UMUM (lanjutan)                                                        1 GENERAL (continued)
      - Pemecahan nilai nominal Saham Seri A dari Rp.                           - Splitting the nominal value of Series A
        500 per saham menjadi Rp. 250 per saham dan                                       Shares from Rp. 500 per share to Rp. 250
        nilai nominal Saham Seri B dari Rp. 400 per                                       per share and the nominal value of Series B
        saham menjadi Rp. 200 per saham, sesuai                                           Shares of Rp. 400 per share to Rp. 200 per
        Surat     PT.   Bursa     Efek   Indonesia        No. S-                          share, in accordance with PT. Indonesia
        05176/BEI.PP3.08-2016        tanggal       19    Agustus                          Stock         Exchange              Letter         No.        S-
        2016,     dan   berlaku    efektif   per    tanggal        1                      05176/BEI.PP3.08-2016 dated                     19 August
        September 2016.                                                                   2016,    and      became            effective      as    of   1
        (Lihat catatan 21)                                                                September 2016.(See note 21)

    c Beban gaji dan tunjangan untuk pengurusan                               c     Salaries and allowances for managing the
      Perusahaan kepada Direksi dan Komisaris untuk                                 Company to the Directors and Commissioners
      bulan-bulan yang berakhir tanggal 30 September                                for the months ended September 30, 2023 and
      2023 dan 30 September 2022 sebagai berikut :                                  September 30, 2022 are as follows:
                                                      30 September 2023 30 September 2022
                                                    September 30, 2023 September 30, 2022
                                                             Rp.             Rp.
      Gaji dan Tunjangan Direksi & Komisaris              2,450,887,853 1,876,588,948      Directors & Commissioners Salaries and Benefits

    d Manajemen perusahaan bertanggung jawab atas                             d     The company's management is responsible for
      penyusunan        dan     penyajian    wajar        laporan                   the    preparation        and        fair    presentation           of
      keuangan      sesuai    dengan     Standar        Akuntansi                   financial      statements            in     accordance          with
      Indonesia, yang telah diselesaikan dan disetujui                              Indonesian Accounting Standards, which were
      untuk diterbitkan oleh Direksi Perusahaan pada                                completed and approved for issuance by the
      tanggal 31 Oktober 2023.                                                      Company's Directors on October 31, 2023.


2   IKHTISAR KEBIJAKAN AKUNTANSI PENTING                                   2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
    a Dasar Penyusunan Laporan Keuangan                                        a Basis for Preparation of Financial Statements
      Ikhtisar kebijakan akuntansi yang penting yang                             An overview of the important accounting
      diterapkan        dalam       penyusunan            laporan                   policies      applied     in    preparing          the    financial
      keuangan PT. Primarindo Asia Infrastructure, Tbk.                             statements           of        PT.         Primarindo           Asia
                                                                                    Infrastructure,         Tbk.     prepared             based         on
      disusun berdasarkan Standar Akuntansi Keuangan
                                                                                    Indonesian Financial Accounting Standards and
      di Indonesia dan peraturan Badan Pengawas Pasar
                                                                                    regulations of the Capital Market Supervisory
      Modal     dan     lembaga      Keuangan           Peraturan
                                                                                    Agency and Financial Institutions Regulation
      VII.G.7 No. KEP-347/BL/2012        tentang        Penyajian                   VII.G.7       No.     KEP-347/BL/2012                 concerning
      Pengungkapan Laporan Keuangan Emiten atau                                     Presentation of Financial Report Disclosures of
      Perusahaan Publik.                                                            Issuers or Public Companies.

      Laporan keuangan disusun dengan konsep harga                                  The financial statements have been prepared
      perolehan     kecuali     beberapa       akun      tertentu                   using the historical cost concept, except for
      dinyatakan khusus sebagaimana diuraikan dalam                                 certain accounts which are specifically stated
      kebijakan akuntansi masing-masing akun tersebut                               as described in the respective accounting
      dan menggunakan dasar akrual, kecuali untuk                                   policies and using the accrual basis, except for
      laporan arus kas.                                                             the statement of cash flows.

      Laporan arus kas disusun dengan menggunakan                                   The statements of cash flows are prepared
      metode langsung (direct method ) yaitu dengan                                 using the direct method, by classifying cash
      mengelompokan arus kas ke dalam aktivitas                                     flows into operating, investing and financing
      operasi, investasi dan pendanaan.                                             activities.




                                                                       9
Page 13
PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                             PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                  AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022




 2 IKHTISAR KEBIJAKAN AKUNTANSI PENTING                                 2   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  (lanjutan)                                                                (continued)
     Mata uang fungsional adalah rupiah. Seluruh                               The functional currency is the rupiah. All figures
     angka dalam laporan keuangan ini dinyatakan                                 in this financial report are expressed in rupiah
     dalam rupiah kecuali jika dinyatakan lain.                                  unless stated otherwise.


  b Perubahan    pada    Pernyataan     Standar     Akuntansi               b    Changes to Statements of Financial Accounting
     Keuangan (PSAK) dan Interpelasi Standar Akuntansi                           Standards (PSAK) and Interpellation of Financial
     Keuangan (ISAK)                                                             Accounting Standards (ISAK)


     Penerapan Standar Akuntansi Terkini                                         Application of the Latest Accounting Standards
     Penerapan perubahan standar akuntansi berikut                               The adoption of the following changes in
     yang berlaku efektif sejak tanggal 1 Januari 2021                           accounting standards which are effective from
     dan 1 April 2021, dan relevan bagi Perusahaan,                              January 1, 2021 and April 1, 2021, and are
     tidak menyebabkan perubahan signifikan atas                                 relevant      to   the   Company,     did   not   cause
     kebijakan   akuntansi     Perusahaan          dan     tidak                 significant        changes     to    the    Company's
     memberikan      dampak    yang     material    terhadap                     accounting policies and did not have a material
     angka-angka     yang    dilaporkan    dalam         laporan                 impact on the figures reported in the current
     keuangan tahun berjalan:                                                    year's financial statements:

     - Amendemen PSAK 73, PSAK 71, PSAK 60 dan                                   -   Amendments to PSAK 73, PSAK 71, PSAK 60
       PSAK    55  ”Sewa,  Instrumen   Keuangan,                                     and     PSAK    55    ”Leases,     Financial
       Instrumen Keuangan: Pengungkapan, dan                                         Instruments,     Financial     Instruments:
       Instrumen   Keuangan:    Pengakuan    dan                                     Disclosures, and Financial Instruments:
       Pengukuran Tentang Pembaruan IBOR Tahap                                       Recognition and Measurement of Phase Two
       Dua”                                                                          IBOR Renewal”
     - Penyesuaian Tahunan PSAK 1 ”Penyajian                                     -   Annual Adjustment to PSAK 1 "Presentation
       Laporan Keuangan”                                                             of Financial Statements"
     - Amendemen PSAK 73 ”Sewa”                                                  -   Amendment to PSAK 73 "Lease"

     Standar baru dan amandemen standar yang telah                               New standards and amendments to standards
     diterbitkan dan relevan bagi Perusahaan, yang                               that have been issued and are relevant to the
     wajib diterapkan untuk tahun buku yang dimulai                              Company, which must be applied for financial
     pada atau setelah tanggal 1 Januari 2022 dan                                years beginning on or after January 1, 2022 and
     2023 dan belum diterapkan secara dini oleh                                  2023 and have not been implemented early by
     Perusahaan, adalah sebagai berikut:                                         the Company, are as follows:

     - Amendemen        PSAK    57     ”Provisi,     Liabilitas                  -   Amendments           to   PSAK   57     "Provisions,
       Kontinjensi     dan   Aset     Kontinjensi     tentang                        Contingent Liabilities and Contingent Assets
       Kontrak Memberatkan”                                                          regarding Onerous Contracts"
     - Penyesuaian Tahunan          PSAK   71      ”Instrumen                    -   PSAK 71 Annual Adjustment                 "Financial
       Keuangan”                                                                     Instruments"
     - Penyesuaian Tahunan PSAK 73 ”Sewa”                                        -   PSAK 73 Annual Adjustment "Lease"
     - Amendemen        PSAK    1    “Penyajian      Laporan                     -   Amendments to PSAK 1 "Presentation of
       Keuangan”                                                                     Financial Statements"
     - Amendemen PSAK 16 ”Aset Tetap”                                            -   Amendments to PSAK 16 "Fixed Assets"
     - Amendemen PSAK 25            ”Kebijakan Akuntansi,                        -   Amendments           to   PSAK   25     "Accounting
       Perubahan Estimasi Akuntansi dan Kesalahan”                                   Policies, Changes in Accounting Estimates
                                                                                     and Errors"
     - Amendemen PSAK 46 ”Pajak Penghasilan”                                     -   Amendment to PSAK 46 "Income Tax"




                                                                   10
Page 14
PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                    PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                       AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



 2 IKHTISAR KEBIJAKAN AKUNTANSI PENTING                                      2       SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  (lanjutan)                                                                         (continued)
     Pada tanggal        pengesahan       laporan     keuangan,                         On the date of authorization of the financial
      Perusahaan          sedang          mempertimbangkan                             statements, the Company is considering the
      implikasi dari penerapan standar-standar tersebut,                               implications of applying these standards to the
      terhadap laporan keuangan Perusahaan.                                            Company's financial statements.


  c Transaksi dan Saldo dalam Mata Uang Asing                                    c     Transactions and Balances in Foreign Currency
    Pembukuan perusahaan diselenggarakan dalam                                         The bookkeeping of the company is maintained
      mata uang Rupiah. Transaksi-transaksi selama                                     in   Rupiah.       Transactions           during   the    year
      tahun berjalan dalam mata uang asing dicatat                                     involving foreign currencies are recorded at the
      dengan kurs yang berlaku pada saat terjadinya                                    exchange rates prevailing at the time the
      transaksi.                                                                       transactions are made.

      Pada tanggal laporan posisi keuangan, aset dan                                   At   statement           of    financial     position    date,
      liabilitas    moneter     dalam     mata    uang         asing                   monetary assets and liabilities denominated in
      dijabarkan ke dalam mata uang Rupiah dengan                                      foreign currencies are translated into Rupiah at
      kurs tengah yang berlaku pada tanggal tersebut.                                  the middle rates prevailing on that date. The
      Laba atau rugi kurs bersih akibat penjabaran                                     net exchange gain or loss resulting from the
      tersebut      dibebankan    sebagai     laba      atau    rugi                   translation is charged as profit or loss in the
      pada laporan laba (rugi) komprehensif tahun                                      statement of comprehensive income (loss) for
      berjalan.                                                                        the current year.

      Nilai tukar yang digunakan untuk menjabarkan                                     The exchange rate used to translate monetary
      pos aset dan liabilitas moneter dalam mata uang                                  assets and liabilities denominated in foreign
      asing ke dalam mata uang Rupiah adalah Rp.
                                                                                       currencies into Rupiah is Rp. 15,526, and Rp.
      15.526, dan Rp. 15.731,- untuk USD 1,- per
      tanggal 30 September 2023 dan 31 Desember                                        15,731,- for USD 1,- as of 30 September 2023
      2022.                                                                            and 31 December 2022.

  d Kas dan Setara Kas                                                           d     Cash and cash equivalents
      Kas dan setara kas terdiri dari kas, bank dan                                    Cash and cash equivalents consist of cash on
      semua investasi yang jatuh tempo dalam waktu                                     hand,    in      banks        and   all   investments     with
      tiga bulan atau kurang dari tanggal perolehan dan                                maturities of three months or less from the
      tidak        dijaminkan     serta       tidak       dibatasi                     date of acquisition and are not used as
      penggunaannya.                                                                   collateral and are not restricted in use.

  e Piutang Usaha                                                                e     Accounts receivable
      Piutang usaha diakui dan disajikan sebesar nilai                                 Trade   receivables    are   recognized    and
      tagihan      dikurangi    cadangan    penurunan          nilai.                  presented at the invoice amount less allowance
                                                                                       for impairment. The accounting policy for
      Kebijakan akuntansi untuk cadangan penurunan
                                                                                       allowance for impairment, is described in note
      nilai, dijabarkan dalam catatan 2p.                                              2p.

  f   Persediaan                                                                 f     Inventory
      Persediaan terdiri dari bahan baku, barang dalam                                 Inventories consist of raw materials, work in
      proses, dan barang jadi. Persediaan dinyatakan                                   progress and finished goods. Inventories are
      berdasarkan biaya perolehan atau nilai realisasi                                 stated      at    cost        or    net   realizable     value,
      bersih, mana yang lebih rendah. Biaya perolehan                                  whichever is lower. Cost is determined using
      ditentukan dengan metode masuk pertama keluar                                    the first-in first-out method for raw materials,
      pertama (first-in first-out) untuk persediaan bahan                              supporting materials and spare parts, while
      baku,     bahan    pembantu       dan      suku     cadang,                      finished goods and goods in process are the
      sedangkan barang jadi dan barang dalam proses                                    average production cost.
      sebesar beban produksi rata-rata.




                                                                        11
Page 15
PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                       PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                          NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                            AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022




 2 IKHTISAR KEBIJAKAN AKUNTANSI PENTING                                           2   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  (lanjutan)                                                                          (continued)
     Keusangan        persediaan          untuk    bahan baku dan                        Inventory obsolescence for raw materials and
     barang        jadi      dilakukan         berdasarkan          hasil                  finished goods is carried out based on the
     penelaahan terhadap keadaan persediaan yang                                           results of a review of the condition of the
     bersangkutan pada akhir tahun yang langsung                                           related inventories at the end of the year which
     dibukukan kepada beban pokok.                                                         are immediately recorded to cost of goods.

   g Aset Tetap                                                                       g    Fixed assets
     Aset tetap, kecuali tanah, dinyatakan sebesar                                         Fixed assets, except for land, are stated at cost
     biaya perolehan dikurangi akumulasi penyusutan                                        less accumulated depreciation and impairment
     dan    rugi     penurunan        nilai.      Biaya      perolehan                     losses. Acquisition cost includes the cost of
     termasuk biaya penggantian aset tetap saat                                            replacing the fixed assets when the cost is
     biaya tersebut terjadi, jika memenuhi kriteria                                        incurred, if the recognition criteria are met,
     pengakuan, selanjutnya pada saat inspeksi yang                                        then      when    a   significant    inspection      is
     signifikan dilakukan, biaya inspeksi itu diakui ke                                    performed, the inspection costs are recognized
     dalam total tercatat (carrying amount) aset tetap                                     in the carrying amount of the fixed assets as a
     sebagai suatu penggantian jika memenuhi kriteria                                      replacement if the recognition criteria are met.
     pengakuan.       Semua         biaya      pemeliharaan          dan                   All maintenance and repair costs that do not
     perbaikan        yang         tidak     memenuhi             kriteria                 meet the recognition criteria are recognized in
     pengakuan,           diakui     ke     dalam         laba      (rugi)                 comprehensive profit (loss) when incurred.
     komprehensif pada saat terjadinya.

     Aset   tetap         tanah    diukur      pada       nilai    wajar,                  Land fixed assets are measured at fair value,
     berdasarkan penilaian yang dilakukan oleh penilai                                     based on an assessment made by an external

     independent eksternal yang terdaftar di Otoritas                                      independent      appraiser   registered      with   the
                                                                                           Financial    Services    Authority     (OJK).       The
     Jasa   Keuangan           (OJK).      Perusahaan             memilih
                                                                                           company chooses to use the revaluation model
     menggunakan model revaluasi untuk aset tetap
                                                                                           for land fixed assets so that land fixed assets
     tanah agar aset tetap tanah mencerminkan nilai                                        reflect fair value considering that land fixed
     wajar mengingat aset tetap tanah memiliki nilai                                       assets    have    a   significant    value    in    the
     yang signifikan dalam komposisi aset perusahaan.                                      composition of the company's assets.

     Kenaikan nilai pada aset tetap tanah dikreditkan                                      Increase in value of land fixed assets is
     pada "Pengukuran Kembali Aset Tanah" sebagai                                          credited to "Re-Measurement of Land Assets"
     bagian dari penghasilan komprehensif lainnya.                                         as part of other comprehensive income.

     Revaluasi harus dilakukan dengan keteraturan                                          Revaluations must be made with sufficient
     yang   cukup         untuk     memastikan        bahwa         Total                  regularity to ensure that the carrying amount
     tercatat tidak berbeda secara material dari yang                                      does not differ materially from that which
     akan ditentukan dengan menggunakan nilai wajar                                        would be determined using fair value at the
     pada akhir periode pelaporan. Jika aset yang                                          end of the reporting period. If the revalued
     direvaluasi dijual, Total tercatat di dalam ekuitas                                   asset is sold, the carrying amount in equity is
     dipindahkan ke saldo laba.                                                            transferred to retained earnings.

     Penyusutan aset tetap, kecuali tanah, dihitung                                        Depreciation of fixed assets, except for land, is
     dengan        menggunakan             metode         garis     lurus                  calculated using the straight-line method based
     berdasarkan taksiran masa manfaat                      dari aset                      on the estimated useful lives of the related
     yang bersangkutan.                                                                    assets.




                                                                             12
Page 16
PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                 PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                     AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



 2 IKHTISAR KEBIJAKAN AKUNTANSI PENTING                                    2   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  (lanjutan)                                                                   (continued)
     Taksiran masa manfaat untuk tiap-tiap jenis aset                               Estimated useful life for each type of fixed
     tetap, sebagai berikut:                                              assets, as follows:
                                                    Masa Manfaat/Useful Life
     Bangunan dan prasarana                                   5-20 Tahun                                    Buildings and infrastructure
     Mesin dan peralatan                                      5-10 Tahun                                      Machinery and equipment
     lnstalasi                                                 10 Tahun                                                            Installation
     lnventaris kantor                                          5 Tahun                                                     Office inventory
     Kendaraan                                                 5-8 Tahun                                                               Vehicle


     Pekerjaan     dalam     penyelesaian        mencerminkan                       Work in progress reflects the accumulated
     akumulasi biaya-biaya yang berhubungan dengan                                  costs related to work in progress up to the date
     pekerjaan     dalam      penyelesaian       sampai     pada                    of   the   related     asset   when      the     asset   is
     tanggal aset yang bersangkutan pada saat aset                                  completed and ready for use.
     telah selesai dan siap digunakan.

     Perusahaan melakukan evaluasi atas penurunan                                   The company evaluates the impairment of fixed
     nilai aset tetap apabila terdapat peristiwa atau                               assets if there are events or circumstances that
     keadaan      yang      mengindikasikan       bahwa      nilai                  indicate that the carrying amount of the fixed
     tercatat aset tetap tersebut kemungkinan tidak                                 assets may not be recovered, the value of the
     dapat dipulihkan, nilai aset tersebut diturunkan                               assets is reduced to the estimated recoverable
     menjadi      sebesar    estimasi    nilai     yang    dapat                    amount, which is determined based on the
     diperoleh kembali, yang ditentukan berdasarkan                                 highest value between fair value less costs to
     nilai tertinggi antara nilai wajar dikurangi biaya                             selling and value in use.
     untuk menjual dan nilai pakai.

     Pada setiap akhir tahun buku, nilai residu, umur                               At the end of each financial year, the residual
     manfaat dan metode penyusutan di review, jika                                  values,      useful    lives    and       methods        of
     sesuai      dengan     keadaan,    disesuaikan        secara                   depreciation are reviewed and, if appropriate,
     produktif.                                                                     productively adjusted.

   h Aset Tak Berwujud                                                         h    Intangible Assets
     Aset     tak berwujud     dinyatakan        sebesar    biaya                   Intangible    assets    are    stated    at     cost   less
     perolehan dikurangi akumulasi penyusutan.                                      accumulated depreciation.

     Penyusutan aset tak berwujud dihitung dengan                                   Depreciation of intangible assets is calculated
     menggunakan metode garis lurus                berdasarkan                      using the straight-line method based on the
     taksiran     masa      manfaat     dari       aset     yang                    estimated useful lives of the assets in question.
     bersangkutan.

     Taksiran masa manfaat untuk tiap-tiap jenis aset                               Estimated useful life for each type of fixed
     tetap, sebagai berikut:                                                        assets, as follows:

                                                    Masa Manfaat/Useful Life
     Biaya Hak Atas Tanah                                      20 Tahun                                              Cost of Land Rights




                                                                     13
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                  PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                       AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



 2 IKHTISAR KEBIJAKAN AKUNTANSI PENTING                                      2   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  (lanjutan)                                                                     (continued)
  i Leasing (Sewa Guna Usaha)                                                    i    Leasing (Lease)
     Aset dan kewajiban sewa guna usaha dicatat                                       Assets and liabilities under lease are recorded
     sebesar nilai tunai dari seluruh pembayaran sewa                                 at the cash value of all lease payments. Leased
     guna usaha. Aset sewa guna usaha disusutkan                                      assets are depreciated using the same method
     dengan metode dan berdasarkan taksiran masa                                      and estimated useful lives as direct assets
     manfaat yang sama dengan aset tetap pemilikan                                    (Note 2g).
     langsung (Catatan 2g).

   j Penurunan Nilai Aset Non-Keuangan                                           j    Impairment of Non-Financial Asset Value
     Aset tetap dan aset tidak lancar lainnya, termasuk                               Fixed assets and other non-current assets,
     aset tak berwujud, ditelaah untuk mengetahui                                     including intangible assets, are reviewed to
     apakah telah terjadi penurunan nilai. Bilamana                                   determine whether they have been impaired.
     terdapat kejadian atau perubahan keadaan yang                                    Whenever events or changes in circumstances
     mengindikasikan         bahwa       nilai     tercatat    aset                   indicate that the carrying amount of the asset
     tersebut tidak dapat diperoleh kembali, kerugian                                 cannot be recovered, a loss due to impairment
     akibat penurunan nilai diakui sebesar selisih                                    is recognized in the amount of the difference
     antara nilai tercatat aset dengan nilai yang dapat                               between the carrying amount of the asset and
     diperoleh kembali dari aset tersebut.                                            the recoverable amount of the asset.

     Nilai yang dapat diperoleh kembali adalah nilai                                  The recoverable amount is the higher of the fair
     yang lebih tinggi antara nilai wajar dikurangi biaya                             value less costs to sell and the value in use of
     untuk menjual dan nilai pakai asset. Dalam rangka                                the asset. In order to measure impairment,
     mengukur penurunan nilai, asset dikelompokan                                     assets are grouped down to the smallest unit
     hingga unit terkecil yang menghasilkan arus kas                                  that generates separate cash flows.
     terpisah.

   k Pengakuan Pendapatan dan Beban                                              k    Income and Expense Recognition
     Penjualan lokal kepada pengecer diakui sebagai                                   Local sales to retailers are recognized as
     pendapatan pada saat barang diterima pembeli                                     revenue when the goods are received by the
     akhir.      Penjualan      ekspor           diakui    sebagai                    final buyers. Export sales are recognized as
     pendapatan      pada      saat barang dikirim kepada                             revenue when the goods are delivered to the
     pembeli. Beban diakui berdasarkan konsep akrual.                                 buyer. Expenses are recognized on an accrual
                                                                                      basis.

     Beban pajak penghasilan terdiri dari pajak                                       Income tax expense consists of current income
     penghasilan     kini   dan    pajak    penghasilan                               tax and deferred income tax. The tax is
     tangguhan. Pajak tersebut diakui dalam laporan
                                                                                      recognized in the profit (loss) statement, unless
     laba (rugi), kecuali pajak tersebut terkait dengan
     transaksi atau kejadian yang langsung diakui ke                                  the tax relates to transactions or events that
     ekuitas.                                                                         are recognized directly in equity.

     Pajak       penghasilan      kini      dihitung        dengan                    Current income tax is calculated using the tax
     menggunakan tarif          pajak yang          berlaku pada                      rates in effect at the statement of financial
     tanggal posisi keuangan.                                                         position date.

     Pajak    penghasilan      tangguhan          diakui    dengan                    Deferred income tax is recognized using the
     menggunakan balance sheet liability method ,                                     balance sheet liability method, for all
                                                                                      temporary differences between the tax bases
     untuk semua perbedaan temporer antara dasar
                                                                                      of assets and liabilities and their carrying
     pengenaan       pajak     atas      aset      dan     liabilitas                 amounts.
     dengan nilai tercatatnya.




                                                                        14
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                               PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                    AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



 2 IKHTISAR KEBIJAKAN AKUNTANSI PENTING                                   2   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  (lanjutan)                                                                  (continued)

   l Perpajakan                                                               l    Taxation
     Pajak penghasilan tangguhan ditentukan dengan                                 Deferred income tax is determined using tax
     menggunakan          tarif   pajak    yang    berlaku    atau                 rates that have been enacted or substantively
     secara      substansial      telah    diberlakukan       pada                 enacted at the financial position date and are
     tanggal posisi keuangan dan berlaku pada saat                                 effective    when     the   deferred    tax   asset    is
     aset pajak tangguhan direalisasi atau liabilitas                              realized or the deferred tax liability is settled.
     pajak tangguhan diselesaikan.

     Aset      pajak   tangguhan      diakui      apabila    besar                 Deferred tax assets are recognized to the
     kemungkinan          Total   penghasilan       kena     pajak                 extent that it is probable that future taxable
     dimasa       mendatang         akan     memadai         untuk                 income      will    be   available     against     which
     dikompensasi dengan perbedaan temporer yang                                   deductible     temporary     differences      and     tax
     dapat dikurangkan dan rugi fiskal yang masih                                  losses can still be utilized.
     dapat dimanfaatkan.

     Koreksi terhadap kewajiban perpajakan diakui                                  Corrections to tax obligations are recognized
     pada saat surat ketetapan pajak diterima atau jika                            when the tax assessment letter is received or if
     mengajukan keberatan/banding, diakui pada saat                                an objection/appeal is filed, it is recognized
     keputusan keberatan/banding ditetapkan.                                       when the objection/appeal decision is made.

   m Liabilitas lmbalan Pasca Kerja                                           m Post-Employment Benefits Obligation
     lmbalan Pasca Kerja Jangka Pendek                                             Short Term Post-Employment Benefits
     lmbalan pasca kerja jangka pendek diakui pada                                 Short-term         post-employment      benefits      are
     saat terutang kepada karyawan.                                                recognized when they are due to employees.

     lmbalan Pasca Kerja Jangka Lainnya                                            Other Term Post-Employment Benefits
     Perusahaan memiliki program pensiun imbalan pasti.                            The company has a defined benefit pension plan.


     Program pensiun imbalan pasti adalah program                                  A defined benefit pension plan is a pension plan
     pensiun yang menetapkan Total imbalan pensiun                                 that determines the amount of pension benefits
     yang akan diterima oleh karyawan pada saat                                    that employees will receive upon retirement,
     pensiun,      yang       biasanya      tergantung        pada                 which usually depends on several factors, such
     beberapa faktor, seperti umur, masa kerja, dan                                as age, years of service, and amount of
     Total kompensasi.                                                             compensation.

     Liabilitas imbalan pensiun tersebut merupakan                                 The pension benefit obligation represents the
     nilai kini kewajiban imbalan pasti pada akhir                                 present value of the defined benefit obligation
     periode laporan dikurangi dengan nilai wajar aset                             at the end of the reporting period less the fair
     program dan penyesuaian atas keuntungan atau                                  value of plan assets and adjustments for
     kerugian aktuarial dan biaya jasa lalu yang belum                             unrecognized actuarial gains or losses and past
     diakui. Kewajiban imbalan pasti dihitung oleh                                 service cost. The defined benefit obligation is
     aktuaris      independen        dengan       menggunakan                      calculated by an independent actuary using the
     metode projected unit credit. Nilai kini kewajiban                            projected unit credit method. The present value
     imbalan pasti ditentukan dengan mendiskusikan                                 of the defined benefit obligation is determined
     estimasi      arus     kas    dimasa      depan        dengan                 by discussing estimated future cash flows using
     menggunakan tingkat bunga obligasi pemerintah.                                interest rates on government bonds.




                                                                     15
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                         PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                              AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



 2 IKHTISAR KEBIJAKAN AKUNTANSI PENTING                             2   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  (lanjutan)                                                            (continued)

     Perusahaan       diharuskan   menyediakan      imbalan                  Companies are required to provide minimum
     pensiun minimum yang diatur dalam UU No.                                pension benefits regulated in Law no. 13/2003,
     13/2003, yang merupakan kewajiban imbalan                               which is a defined benefit obligation, if pension
     pasti,    jika   imbalan   pensiun    dengan   UU   No.                 benefits under Law no. 13/2003 is greater than
     13/2003 lebih besar dari program pensiun yang                           the existing pension plan, the difference is
     ada, selisih tersebut diakui sebagai bagian dari                        recognized as part of the pension benefit
     kewajiban imbalan pensiun.                                              obligation.

   n Transaksi Dengan Pihak Berelasi                                    n    Transactions with Related Parties
     Pihak-pihak berelasi adalah orang atau entitas                          Related parties are people or entities related to
     yang terkait dengan entitas pelapor :                                   the reporting entity:
     a Orang atau     anggota   keluarga    terdekat                         a   The person or immediate family member
       mempunyai relasi dengan entitas pelapor:                                  has a relationship with the reporting entity:
       (1) Memiliki pengendalian atau pengendalian                               (1) Has control or joint control over the
       bersama atas entitas pelapor;                                             reporting entity;
       (2) Memiliki pengaruh signifikan atas entitas                             (2) Has significant      influence    over     the
       pelapor; atau                                                             reporting entity; or
       (3) Personel manajemen kunci entitas pelapor                              (3) Key management personnel of the
       atau entitas induk entitas pelapor.                                       reporting entity or parent of the reporting
                                                                                 entity.

     b Suatu entitas berelasi dengan entitas pelapor                         b   An entity is related to the reporting entity if
       jika memenuhi salah satu hal berikut:                                     it fulfills one of the following conditions:

       - Entitas dan entitas pelapor adalah anggota                              - The entity and the reporting entity are
       .dari perusahaan yang sama (artinya entitas                               members of the same company (which
       induk, entitas anak, dan entitas anak berikutnya                          means that each parent, subsidiary and
       terkait dengan entitas lain).                                             subsequent subsidiary is related to the
                                                                                 other entities).

       - Suatu entitas adalah entitas asosiasi atau                              - One entity is an associate or joint venture
       ventura bersama dari entitas lain (atau                                   of another entity (or an associate or joint
       entitas asosiasi atau ventura bersama yang
                                                                                 venture of a member of a company, of
       merupakan anggota suatu perusahaan, yang
       mana     entitas    lain   tersebut   adalah                              which the other entity is a member).
       anggotanya).

       -      Kedua   entitas   tersebut   adalah   ventura                      - The two entities are joint ventures of the
       bersama dari pihak ketiga yang sama.                                      same third party.

       - Suatu entitas adalah ventura bersama dari                               - One entity is a joint venture of a third
       entitas ketiga dan entitas lain adalah entitas                            entity and another entity is an associate of
       asosiasi dari entitas ketiga.                                             the third entity.




                                                               16
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                              PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                   AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



 2 IKHTISAR KEBIJAKAN AKUNTANSI PENTING                                  2   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  (lanjutan)                                                                 (continued)

       -     Entitas   tersebut       adalah   suatu    program                       - The entity is a post-employment benefit
       imbalan pasca kerja untuk imbalan pasca kerja                                  plan for post-employment benefits from a
       darl salah satu entitas pelapor atau entitas                                   reporting entity or an entity related to the
       yang terkait dengan entitas pelapor. Jika entitas                              reporting entity. If the reporting entity is the
       pelapor adalah entitas yang menyelenggarakan                                   entity administering the program, then the
       program tersebut, maka entitas sponsor juga                                    sponsoring entity is also related to the
       berelasi dengan entitas pelapor.                                               reporting entity.

       - Entitas yang dikendalikan atau dikendalikan                                  -   Entity    that     is   controlled    or   jointly
       bersama oleh orang yang diidentifikasi dalam                                   controlled by the person identified in letter
       huruf (a).                                                                     (a).

       - Orang yang diidentifikasi dalam huruf (a)                                    - The person identified in (a) has significant
       memiliki pengaruh signifikan atas entitas atau                                 influence over the entity or is a key
       personil manajemen kunci entitas (atau entitas                                 management personnel of the entity (or a
       induk dari pemerintah).                                                        government holding entity).

     Perusahaan mempunyai transaksi dengan pihak-                                 The company has transactions with related
     pihak berelasi sebagaimana dimaksudkan dalam                                 parties as referred to in PSAK 7 (Revised 2010)
     PSAK 7 (Revisi 2010) "Pengungkapan Pihak-Pihak                               "Related Party Disclosures",
     Berelasi" tersebut,

     Seluruh     transaksi    dan      saldo   yang    signifikan                 All significant transactions and balances with
     dengan pihak-pihak berelasi baik yang dilakukan                              related parties, whether carried out under the
     dengan      persyaratan      dan    kondisi   yang    sama                   same terms and conditions as or not the same
     dengan atau tidak sama dengan pihak ketiga,                                  as those of third parties, have been disclosed in
     telah diungkapkan dalam catatan atas laporan                                 the notes to the financial statements.
     keuangan.

  o Biaya Dibayar Dimuka                                                     o    Prepaid expenses
     Biaya dibayar dimuka diamortisasi berdasarkan                                Prepaid expenses are amortized on a straight-
     metode garis lurus selama jangka waktunya.                                   line basis over their term.



  p Laba/(Rugi) Bersih Per Saham                                             p    Net Profit/(Loss) Per Share
     Laba bersih per saham dasar dihitung dengan                                  Earnings per share is calculated by dividing the
     membagi        laba     bersih     yang    tersedia    bagi                  net income available to shareholders by the
     pemegang saham dengan rata-rata tertimbang                                   weighted         average        number       of    shares
     saham yang beredar pada periode berjalan.                                    outstanding in the current period.

  q lnstrumen Keuangan                                                       q    Financial Instruments
     Instrumen keuangan adalah setiap kontrak yang                                A financial instrument is any contract that adds
     menambah nilai aset keuangan bagi satu entitas                               value to a financial asset for one entity and a
     dan liabilitas keuangan atau ekuitas bagi entitas                            financial liability or equity for another entity.
     lain.




                                                                    17
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                               PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                  AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



 2 IKHTISAR KEBIJAKAN AKUNTANSI PENTING                                     2   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  (lanjutan)                                                                    (continued)

     Mulai     tanggal      1    Januari      2020,      Perusahaan                Starting    January     1,      2020,   the    Company
     melakukan        penerapan         PSAK      No.    71,   yang                implemented PSAK No. 71, which requires
     mensyaratkan pengaturan instrumen keuangan                                    regulation of financial instruments related to
     terkait klasifikasi dan pengukuran, penurunan nilai                           classification and measurement, impairment of
     atas instrumen aset keuangan dan akuntansi                                    financial    asset      instruments          and     hedge
     lindung nilai.                                                                accounting.

     Aset keuangan                                                                 Financial assets
     Pengakuan awal                                                                Initial confession
     Perusahaan menentukan klasifikasi aset keuangan                               The Company determines the classification of
     tersebut pada pengakuan awal aset terkait.                                    these financial assets at the initial recognition
                                                                                   of the related assets.

     Klasifikasi   dan          pengukuran        aset    keuangan                 The classification and measurement of financial
     didasarkan pada: (i) bisnis model Perusahaan; dan                             assets is based on: (i) the Company's business
     (ii)   karakteristik       arus    kas    kontraktual      aset               model; and (ii)        the characteristics           of the
     keuangan terkait, apakah semata terdiri dari                                  contractual cash flows of the related financial
     pembayaran pokok dan bunga.                                                   assets, whether they consist solely of principal
                                                                                   and interest payments.

     Aset keuangan diklasifikasikan ke dalam tiga                                  Financial    assets    are      classified    into      three
     kategori sebagai berikut:                                                     categories as follows:
     1.€Aset keuangan            yang    diukur    dengan      biaya
                                                                                   1.€Financial assets measured at amortized cost;
     diamortisasi;
     2.€Aset keuangan yang diukur dengan nilai wajar                               2.€Financial assets measured at fair value
     melalui laba rugi atau FVTPL; dan                                             through profit or loss or FVTPL; And
     3.€Aset keuangan yang diukur melalui penghasilan                              3.€Financial assets as measured through other
     komprehensif lain atau FVOCI                                                  comprehensive income or FVOCI


     Agar aset keuangan dapat diklasifikasikan dan                                 In order for a financial asset to be classified and
     diukur pada biaya perolehan diamortisasi atau                                 measured at amortized cost or FVOCI, it is
     FVOCI, diperlukan memperoleh arus kas yang                                    necessary to obtain cash flows that are solely
     semata-mata merupakan pembayaran pokok dan                                    the payments of principal and interest on the
     bunga atas Total pokok terhutang. Aset keuangan                               principal amount outstanding. Financial assets
     dengan     arus     kas      yang     bukan      semata-mata                  with cash flows that are not simply payments of
     pembayaran pokok dan bunga diklasifikasikan dan                               principal   and      interest     are   classified       and
     diukur pada FVTPL, terlepas dari model bisnis                                 measured      at      FVTPL,     regardless        of    the
     Perusahaan.                                                                   Company's business model.

     Model bisnis Perusahaan untuk mengelola aset                                  The Company's business model for managing
     keuangan mengacu pada bagaimana ia mengelola                                  financial assets refers to how it manages its
                                                                                   financial assets to generate cash flow. The
     aset keuangannya untuk menghasilkan arus kas.
                                                                                   business model determines whether the cash
     Model bisnis menentukan apakah arus kas akan
                                                                                   flows will be generated from the collection of
     dihasilkan dari pengumpulan arus kas kontraktual,                             contractual cash flows, the sale of financial
     penjualan aset keuangan, atau keduanya.                                       assets, or both.




                                                                       18
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                          PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                           AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



 2 IKHTISAR KEBIJAKAN AKUNTANSI PENTING                              2   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  (lanjutan)                                                             (continued)

     Aset keuangan diklasifikasikan dan diukur pada                         Financial assets classified and measured at
     biaya     perolehan    diamortisasi   dikuasai    dalam                amortized cost are held in a business model
     model bisnis dengan tujuan untuk memegang aset                         with the objective of holding the financial
     keuangan       untuk    mengumpulkan       arus     kas                assets     to    collect    contractual     cash   flows,
     kontraktual,      sedangkan   aset    keuangan     yang                whereas         financial   assets    classified     and
     diklasifikasikan dan diukur pada FVOCI dikuasai                        measured at FVOCI are held in a business
     dalam model bisnis dengan tujuan memegang hak                          model with the objective of holding the rights to
     untuk mengumpulkan arus kas kontraktual dan                            collect contractual cash flows and sales.
     penjualan.

     Selain aset keuangan yang diukur dengan FVTPL,                         Other than financial assets measured by FVTPL,
     dimana biaya transaksi pembelian aset terkait                          where the transaction costs for purchasing the
     langsung dibebankan dalam laporan laba rugi,                           related assets are charged directly to profit or
     semua      aset   keuangan    pada    awalnya     diakui               loss, all financial assets are initially recognized
     sebesar nilai wajarnya ditambah dengan biaya-                          at fair value plus transaction costs.
     biaya transaksi.

     Pembelian atau penjualan aset keuangan yang                            Purchases or sales of financial assets that
     memerlukan penyerahan aset dalam kurun waktu                           require the delivery of assets within a time
     yang ditetapkan oleh peraturan atau kebiasaan                          frame stipulated by regulations or customs
     yang berlaku di pasar (perdagangan yang lazim)                         prevailing in the market (conventional trading)
     diakui pada tanggal perdagangan, yaitu pada                            are recognized on the trade date, i.e. the date
     tanggal Perusahaan berkomitmen untuk membeli                           the Company commits to buy or sell the asset.
     atau menjual aset tersebut.

     Pengukuran setelah pengakuan awal                                      Measurement after initial recognition
     Pengukuran aset keuangan setelah pengakuan                             Measurement of financial assets after initial
     awal      tergantung   pada   klasifikasinya     sebagai               recognition depends on their classification as
     berikut:                                                               follows:
     - Aset keuangan yang diukur dengan biaya yang                          - Financial assets measured at amortized cost
     diamortisasi

     Aset keuangan yang diukur dengan biaya yang                            Financial assets measured at amortized cost
     diamortisasi adalah aset keuangan non-derivatif                        are non-derivative financial assets that are not
     yang tidak mempunyai kuotasi di pasar aktif, tidak                     quoted in an active market, are not included in
     termasuk dalam kelompok aset yang secara aktif                         the group of assets that are actively traded and
     diperdagangkan dan memiliki arus kas kontraktual                       have contractual cash flows that consist solely
     yang semata dari pembayaran pokok dan bunga.                           of principal and interest payments.

     Setelah pengakuan awal, aset keuangan tersebut                         After initial recognition, these financial assets
     dicatat pada biaya perolehan yang diamortisasi                         are    carried     at   amortized    cost    using   the
     dengan menggunakan metode suku bunga efektif,                          effective interest rate method, and the related
     dan keuntungan atau kerugian terkait diakui                            gains or losses are recognized in profit or loss
     dalam laporan laba rugi pada saat aset keuangan                        when the financial assets are derecognised or
     tersebut       dihentikan     pengakuannya         atau                impaired, or through the amortization process.
     mengalami penurunan nilai, atau melalui proses
     amortisasi.




                                                                19
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                 AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



 2 IKHTISAR KEBIJAKAN AKUNTANSI PENTING                                    2   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  (lanjutan)                                                                   (continued)

     Perusahaan memiliki kas dan setara kas, piutang                              The Company has cash and cash equivalents,
     usaha, piutang pegawai, piutang lain-lain dan aset                           trade receivables, employee receivables, other
     lancar lainnya dalam kategori ini.                                           receivables and other current assets in this
                                                                                  category.

     Penghentian pengakuan aset keuangan                                          Derecognition of financial assets
     Penghentian       pengakuan           atas     suatu     aset                Derecognition of a financial asset, or where
     keuangan, atau bila dapat diterapkan, untuk                                  applicable, for part of a financial asset or part
                                                                                  of a group of similar financial assets, occurs
     bagian dari aset keuangan atau bagian dari
                                                                                  when:
     kelompok aset keuangan serupa, terjadi bila:

     i. Hak kontraktual atas arus kas yang berasal dari                           i.    The contractual rights to the cash flows
          aset keuangan tersebut berakhir; atau                                         from the financial asset have expired; or

     ii. Perusahaan    tetap    memiliki         hak kontraktual                  ii. The Company retains the contractual rights
          untuk menerima arus kas yang berasal dari aset                                to receive cash flows from the financial
          keuangan     tersebut      namun          menanggung                          assets but assumes an obligation to pay the
          kewajiban untuk membayar arus kas yang                                        received    cash       flows     without    significant
          diterima   tersebut     tanpa      penundaan        yang                      delay to a third party through a delivery
          signifikan kepada pihak ketiga melalui suatu                                  agreement; or
          kesepakatan penyerahan; atau

     iii. Perusahaan mengalihkan hak kontraktual untuk                            iii. The Company transferred the contractual
          menerima arus kas yang berasal dari aset                                      rights    to receive       cash     flows    from the
          keuangan tersebut dan: (a) secara substansial                                 financial    asset        and:      (a)     transferred
          mentransfer seluruh risiko dan manfaat atas                                   substantially all the risks and rewards of
          kepemilikan aset keuangan tersebut, atau (b)                                  ownership of the financial asset, or (b)
          secara substansial tidak mengalihkan dan tidak                                neither      transferred            nor         retained
          memiliki   seluruh    risiko     dan     manfaat    atas                      substantially all the risks and rewards of
          kepemilikan aset keuangan tersebut, namun                                     ownership. the financial asset, but has
          telah   mengalihkan     pengendalian        atas    aset                      transferred control of the financial asset.
          keuangan tersebut.

     Penurunan nilai dari aset keuangan                                           Impairment of financial assets
     Perusahaan         menerapkan            metode          yang                The Company applies a simplified method to
     disederhanakan untuk mengukur kerugian kredit                                measure these expected credit losses (“ECL”)
     ekspektasian (“ECL”) tersebut terhadap kas dan                               for     cash      and        cash      equivalents,     trade
     setara kas, piutang usaha, piutang pegawai,                                  receivables,       employee            receivables,     other
     piutang lain-lain dan aset lancar lainnya pada                               receivables and other current assets in this
     kategori ini.                                                                category.

     Di    bawah     pendekatan     ini,    Perusahaan        tidak               Under this approach, the Company does not
     menelusuri perubahan dalam risiko kredit, tetapi                             track    changes        in    credit    risk,   but   instead
     sebaliknya       mengakui       penyisihan         kerugian                  recognizes allowance for possible losses on a
     berdasarkan      ECL   seumur         hidup    pada     setiap               lifetime ECL basis at each reporting date,
     tanggal pelaporan, disesuaikan dengan faktor-                                adjusted for forward-looking factors for the
     faktor pandangan ke depan untuk spesifik debitur                             specific debtor and the economic environment.
     dan lingkungan ekonomi.




                                                                      20
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                  PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                  AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022




 2 IKHTISAR KEBIJAKAN AKUNTANSI PENTING                                     2   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  (lanjutan)                                                                    (continued)
     ECL didasarkan pada perbedaan antara arus kas                                  The ECL is based on the difference between
     kontraktual yang sesuai dengan kontrak dan                                    the contractual cash flows under the contract
     semua arus kas yang diharapkan akan diterima                                  and all the cash flows that the Company
     Perusahaan, didiskontokan pada perkiraan tingkat                              expects to receive, discounted at the estimated
     bunga efektif awal.                                                           initial effective interest rate.

     Liabilitas keuangan                                                           Financial liabilities
     Pengakuan awal                                                                Initial confession
     Liabilitas   keuangan         diklasifikasikan       sebagai                  Financial liabilities are classified as financial
     liabilitas keuangan yang diukur pada nilai wajar                              liabilities at fair value through profit or loss and
     melalui laporan laba rugi dan liabilitas keuangan                             other financial liabilities that are not held for
     lain yang tidak dimiliki untuk diperdagangkan atau                            trading or are not designated as financial
     tidak ditetapkan sebagai liabilitas keuangan yang                             liabilities at fair value through profit or loss.
     diukur pada nilai wajar melalui laporan laba rugi
     konsolidasian.

     Perusahaan       menentukan          klasifikasi     liabilitas               The Company determines the classification of
     keuangan pada saat pengakuan awal. Liabilitas                                 its financial liabilities at initial recognition.
     keuangan pada awalnya diukur pada nilai wajar                                 Financial liabilities are initially measured at the
     dari Total yang diterima dan, dalam hal pinjaman                              fair value of the amount received and, in the
     dan utang, dikurangi dengan biaya transaksi yang                              case of loans and payables, less directly
     dapat distribusikan secara langsung.                                          attributable transaction costs.

     Liabilitas keuangan Perusahaan meliputi pinjaman                              The Company's financial liabilities include short-
     jangka pendek, liabilitas sewa,             utang usaha,                      term loans, lease liabilities, trade payables,
     beban    akrual,     liabilitas   imbalan    kerja    jangka                  accrued expenses, short-term employee benefit
     pendek dan uang jaminan dari penyalur.                                        obligations       and    guarantee     deposits   from
                                                                                   dealers.

     Pengukuran setelah pengakuan awal                                             Measurement after initial recognition
     Pengukuran liabilitas keuangan tergantung pada                                The      measurement        of   financial   liabilities
     klasifikasi.                                                                  depends on the classification.
     - Utang dan pinjaman                                                          - Liability and loans


     Liabilitas keuangan yang tidak diklasifikasikan                               Financial liabilities that are not classified as
     sebagai liabilitas keuangan yang diukur pada nilai                            financial liabilities at fair value through profit or
     wajar melalui laba rugi dikategorikan dan diukur                              loss     are     categorized     and   measured      at
     dengan biaya perolehan diamortisasi.                                          amortized cost.

     Setelah pengakuan awal, utang dan pinjaman                                    After initial recognition, interest-bearing debts
     yang dikenakan bunga selanjutnya diukur pada                                  and     loans    are    subsequently    measured     at
     biaya    perolehan       yang       diamortisasi      dengan
                                                                                   amortized cost using the effective interest rate
     menggunakan metode suku bunga efektif. Pada
                                                                                   method. At the date of financial reporting,
     tanggal pelaporan keuangan, biaya bunga yang
                                                                                   accrued interest costs are recorded separately
     masih harus dibayar dicatat secara terpisah dari
     nilai   pokok    pinjaman         terkait   dalam     bagian                  from the principal amount of the related loan in
     liabilitas lancar.                                                            the current liabilities section.




                                                                       21
Page 25
PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                              PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                 AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



 2 IKHTISAR KEBIJAKAN AKUNTANSI PENTING                                2   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
  (lanjutan)                                                               (continued)

     Keuntungan dan kerugian diakui dalam laporan                               Gains    and    losses     are     recognized      in   the
     laba rugi dan penghasilan komprehensif lain                                consolidated statement of profit or loss and
     konsolidasian      Ketika     liabilitas        dihentikan                 other comprehensive income when the liability
     pengakuannya serta melalui proses amortisasi                               is    derecognized    as    well     as    through      the
     menggunakan metode suku bunga efektif.                                     amortization     process         using    the    effective
                                                                                interest rate method.

   r Penggunaan Estimasi                                                   r    Use of Estimates
     Penyusunan laporan keuangan sesuai dengan                                  The preparation of financial statements in
     Standar      Akuntansi     Keuangan        di   Indonesia                  accordance       with       Indonesian           Financial
     mengharuskan       manajemen       untuk        membuat                    Accounting Standards requires management to
                                                                                make estimates and assumptions that affect
     estimasi dan asumsi yang mempengaruhi Total
                                                                                the    amount    of   assets      and     liabilities   and
     aset dan liabilitas dan pengungkapan aset dan
                                                                                disclosure of contingent assets and liabilities at
     liabilitas   kontinjensi    pada   tanggal        laporan
                                                                                the date of the financial statements and the
     keuangan serta Total pendapatan dan beban                                  amount of income and expenses during the
     selama tahun pelaporan. Hasil yang sebenarnya                              reporting year. Actual results may differ from
     mungkin berbeda dengan Total yang diestimasi.                              estimated amounts.




                                                                  22
Page 26
PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                              PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                              AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022




3 KAS DAN SETARA KAS                                                    3 CASH AND CASH EQUIVALENTS

                                               30 September 2023 31 Desember 2022
                                               September 30, 2023 December 31, 2022
                                                       Rp.                 Rp.



  Kas                                                31,796,072           25,533,817                                  Cash On Hand
                                                      31,796,072           25,533,817
  Bank:                                                                                                                     Banks
     Rekening Rupiah                                                                                           Rupiah Accounts
      - PT Bank Central Asia Tbk.                   815,240,516          396,690,709                PT Bank Central Asia Tbk. -
      - PT Bank Mandiri (Persero) Tbk.             1,503,110,814        1,202,656,137           PT Bank Mandiri (Persero) Tbk. -
      - PT Bank CIMB Niaga                           17,368,700           30,831,393                     PT Bank CIMB Niaga -
      - PT Bank Mega                                            -         20,286,848                           PT Bank Mega -
          Total                                     2,335,720,030        1,650,465,087                                   Total
     Rekening US Dollar                                                                                     US Dollar Accounts
     - PT Bank Mandiri (Persero) Tbk.                48,263,348           41,277,514            PT Bank Mandiri (Persero) Tbk. -
                                                      48,263,348           41,277,514

  Total                                             2,415,779,450        1,717,276,418                                          Total

  Saldo Giro valas terdiri dari :                                            Current account balance in foreign currency consists of:
  PT Bank Mandiri (Persero) Tbk. (USD)         $        3,108.55    $        2,623.96        PT Bank Mandiri (Persero) Tbk. (USD)
  (Lihat catatan 2.c dan 2.d)                                                                                (See notes 2.c and 2.d)

  Suku bunga rata-rata per tahun untuk Bank tahun 2023 dan                The average annual interest rate for banks in 2023 and
  2022 adalah 0.25% - 1.90% untuk rekening rupiah dan 0.00%               2022 is 0.25% - 1.90% for rupiah accounts and 0.00% -
  - 0.10% untuk rekening dolar AS.                                        0.10% for US dollar accounts.

4 PIUTANG USAHA                                                         4 TRADE RECEIVABLES
  Pihak Domestik :                                                                                                Domestic Parties :
                                               30 September 2023 31 Desember 2022
                                               September 30, 2023 December 31, 2022
                                                       Rp.                 Rp.



   - Matahari Dept. Store                          1,351,648,112        2,876,793,858                       Matahari Dept. Store     -
   - Ramayana Dept. Store                           760,584,672         1,574,912,331                      Ramayana Dept. Store      -
   - Ada Swalayan                                   157,318,468          231,020,085                               Ada Swalayan      -
   - Yogya Dept. Store                              114,827,465          214,868,108                           Yogya Dept. Store     -
   - Rita Dept. Store                               101,721,776          148,818,808                              Rita Dept. Store   -
   - Chandra Super Store                             48,476,429           71,937,930                        Chandra Super Store      -
   - Borobudur Dept. Store                           40,480,095           98,289,397                       Borobudur Dept. Store     -
   - Moro Dept. Store                                34,918,667           17,459,223                            Moro Dept. Store     -
   - Trona Dept. Store                               25,326,133           54,095,000                           Trona Dept. Store     -
   - Suzuya Padang                                   20,995,579           60,062,714                              Suzuya Padang      -
   - Star Dept. Store                                15,693,263           29,011,274                              Star Dept. Store   -
   - Mega Dept. Store                                  9,206,542          17,245,100                            Mega Dept. Store     -
   - Asia Dept. Store                                  7,432,807          21,436,942                             Asia Dept. Store    -
   - Citrus Dept. Store                                5,734,008                  -                            Citrus Dept. Store    -
   - Online Store dan Lainnya                       370,186,725          884,397,850                      Online Store and Others    -
   Total                                            3,064,550,741        6,300,348,620                                          Total



                                                              23
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                            PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                           AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022




4 PIUTANG USAHA (lanjutan)                                          4 TRADE RECEIVABLES (continued)
  Analisa umur piutang usaha adalah sebagai berikut:                   Aging analysis of trade receivables is as follows:

                                              30 September 2023 31 Desember 2022
                                              September 30, 2023 December 31, 2022
                                                        Rp.             Rp.

  1 Domestik                                                                                                           Domestic
     - Belum jatuh tempo                         2,843,247,779      6,033,225,540                                 Not yet due -
     - 1-30 hari                                     147,771,413      213,548,402                                  1-30 days -
     - 31-60 hari                                      35,680,829      31,410,905                                 31-60 days -
     - 61-90 hari                                      37,850,720      22,163,773                                 61-90 days -
     Sub Total                                    3,064,550,741      6,300,348,620                                     Sub Total

  2 lnternasional                                                                                                   lnternational
     - Lebih dari 1 tahun                        1,329,451,040      1,329,451,040                            More than 1 year -
     Sub Total                                    1,329,451,040      1,329,451,040                                      Sub Total
     Total                                        4,394,001,781      7,629,799,660                                           Total
     Dikurangi:                                                                                                      Deduction :
     Cadangan penurunan nilai                   (1,329,451,040)     (1,329,451,040)                     Allowance for impairment
     Total Neto                                   3,064,550,741      6,300,348,620                                     Total Neto

     Mutasi cadangan penurunan nilai:                                                     Mutations in allowance for impairment:
     Saldo Awal:                                (1,329,451,040)     (1,057,574,461)                           Beginning balance:
     Penambahan/(Pengurangan):                                                                              Addition/(Deduction)
     Selama periode berjalan                                    -    (271,876,579)                      During the current period
     Total Cadangan Penurunan Nilai               (1,329,451,040)    (1,329,451,040)             Total allowance for impairment

  Manajemen Perusahaan berkeyakinan bahwa tidak                        The Company's management believes that no
  ada penyisihan penurunan nilai Piutang             Usaha             allowance for impairment of Trade Receivables in
  pada       periode    berjalan    pada   tanggal        30           the current period is sufficient until September 30,
  September 2023.                                                      2023.



5 PIUTANG LAIN-LAIN                                                 5 OTHER RECEIVABLES
                                              30 September 2023 31 Desember 2022
                                              September 30, 2023 December 31, 2022
                                                        Rp.             Rp.

   - Piutang Caliber Lainnya                     3,681,503,172      3,681,503,172                      Other Caliber Receivables -
   - Pihak hubungan berelasi                                                                                      Related parties -
          Piutang Karyawan dan Lain-Lain             868,251,236      868,251,236        Receivables from Employees and Others
  Total                                           4,549,754,408      4,549,754,408                                             Total
  Dikurangi:                                                                                                           Deduction :
  Cadangan penurunan nilai                                      -               -                         Allowance for impairment
  Total Neto                                      4,549,754,408      4,549,754,408                                       Total Neto

  Piutang Caliber       adalah tagihan kepada     Caliber              Caliber Receivables are bills to Caliber Travel
  Travel Product Co untuk penggantian sebagian biaya                   Product Co to reimburse some of the other
  operasional lainnya yang sudah dikeluarkan lebih                     operational       costs   that   have    been    previously
  dahulu oleh Perusahaan.                                              incurred by the Company.




                                                               24
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                        PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                           AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



5 PIUTANG LAIN-LAIN (lanjutan)                                   5     OTHER RECEIVABLES (continued)
  Manajemen    Perusahaan      berkeyakinan       bahwa                The Company's management                 believes      that
  penyisihan penurunan nilai Piutang Lain-lain belum                   allowance for impairment of Other Receivables has
  terjadi pada periode berjalan. Akan dievaluasi pada                  not     occurred   in   the   current    period.Will    be
  akhir pembukuan 2023.                                                evaluated at the end of the 2023 financial year.



6 PERSEDIAAN                                                         6 INVENTORY

                                             30 September 2023 31 Desember 2022
                                             September 30, 2023 December 31, 2022
                                                     Rp.                Rp.

   - Barang jadi                               40,204,159,607     36,777,188,868                               Finished goods -
   - Bahan baku dan bahan pembantu              3,603,658,082        5,389,309,943        Raw materials and auxiliary materials -
   - Barang dalam proses                        3,391,400,180        2,829,167,083                           Goods in process -
   - Suku cadang dan lain-lain                    451,160,622         438,091,694                       Spare parts and others -
  Total                                        47,650,378,491     45,433,757,588                                            Total

  Persediaan digunakan sebagai jaminan sehubungan                      Inventories are used as collateral in connection
  dengan fasilitas kredit PT. Perusahaan Pengelola                     with the credit facility of PT. Perusahaan Pengelola
  Aset dan persediaan tersebut telah diasuransikan                     Aset and these inventories are insured against fire,
  terhadap risiko kebakaran, pencurian dan risiko                      theft    and   other risks    from PT.    Mitra     Iswara
  lainnya dari PT. Mitra Iswara Rorimpandey dengan                     Rorimpandey with total coverage on 30 September
  Total pertanggungan pada tanggal 30 September                        2023 amounting to IDR 25,400,000,000 and 31
  2023 sebesar Rp 25.400.000.000 dan 31 Desember                       December 2022 amounting to IDR 20,400,000,000.
  2022    sebesar     Rp   20.400.000.000.   Manajemen                 Management believes that the sum insured is
  berpendapat bahwa nilai pertanggungan tersebut                       adequate.
  telah memadai.



7 UANG MUKA                                                          7 PAYMENT IN ADVANCE

                                             30 September 2023 31 Desember 2022
                                             September 30, 2023 December 31, 2022
                                                     Rp.                Rp.

   - Uang Muka Pembelian                           234,642,197          47,693,263                   Purchase Down Payment -



8 BIAYA DIBAYAR DIMUKA                                               8 PREPAID EXPENSES

                                             30 September 2023 31 Desember 2022
                                             September 30, 2023 December 31, 2022
                                                     Rp.                Rp.

   - Beban Showroom & Kantor                       79,080,446         131,065,517                Showroom & Office Expenses -
   - Beban Asuransi                                 3,392,235          13,672,273                       Insurance Expenses -
   - Beban Lainnya                                117,246,044          62,677,108                           Other Expenses -
  Total                                            199,718,725         207,414,898                                       Total




                                                           25
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                 PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                 AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



9 PERPAJAKAN                                                              9 TAXATION

                                                  30 September 2023 31 Desember 2022
                                                  September 30, 2023 December 31, 2022
                                                            Rp.               Rp.

  PAJAK DIBAYAR DIMUKA                                                                                                  PREPAID TAXES
   - Pajak Penghasilan Pasal 22                          456,685,000        353,294,000                            Income Tax Article 22 -
  Total                                                   456,685,000        353,294,000                                              Total

  HUTANG PAJAK                                                                                                          TAXES PAYABLE
   - Pajak Pertambahan Nilai                             770,852,345        233,003,450                                Value-Added Tax -
   - Pajak Penghasilan Pasal 21                          346,716,268        406,480,727                            Income Tax Article 21 -
   - Pajak Penghasilan Pasal 23                           91,808,567         88,058,217                            Income Tax Article 23 -
   - Pajak Penghasilan Pasal 4                             6,102,244         12,604,244                             Income Tax Article 4 -
   - Pajak Lainnya/PBB                                   943,874,568        751,475,165                                     Other taxes -
  Total                                                 2,159,353,992      1,491,621,803                                              Total



  PERHITUNGAN PAJAK KINI DAN PAJAK TANGGUHAN                                        CALCULATION OF CURRENT AND DEFERRED TAX
  Rekonsiliasi antara laba sebelum pajak menurut                             The    reconciliation between profit before tax
  laporan     laba    rugi   dengan    rugi   fiskal    setelah              according to the income statement and tax loss
  penyesuaian dengan Surat Ketetapan Pajak (SKP)                             after adjustment with the Tax Assessment Letter
  dan SPT adalah sebagai berikut:                                            (SKP) and SPT is as follows:

  Laba/(Rugi) sebelum pajak                            (2,467,010,962)    (1,018,345,505)                          Profit/(Loss) before tax
  Koreksi Fiskal positif/(negatif) :                                                               Positive/(negative) Fiscal Correction :
  Penghasilan Bunga Bank dan Jasa Giro                   (18,635,935)       (48,520,255)       Bank Interest Income and Current Account Services
  Penyusutan dan Amortisasi                                6,719,975        231,900,873                    Depreciation and Amortization
  Pembiayaan                                                         -               -                                          Financing
  Cadangan penurunan nilai piutang                                   -      271,876,579          Allowance for impairment of receivables
  lmbalan Pasca kerja - Neto                           2,600,344,655      (1,755,300,910)                Post-employment Benefits - Net
  Denda Pajak dan Lain-lain                                  883,697        245,118,337                             Tax Fines and Others
  Laba/(Rugi) Fiskal tahun berjalan                      122,301,430      (2,073,270,881)                Current year Fiscal Profit/(Loss)
  (Rugi) Fiskal tahun sebelumnya                       (53,369,890,052)   (58,259,425,206)                     (Loss) Previous fiscal year
  Akumulasi (Rugi) Fiskal                              (53,247,588,622)   (60,332,696,087)                   Fiscal Accumulation (Loss).
  Koreksi SKP atas SPT Tahun 2020                                    -      6,962,806,035    Correction of Tax Assessment for 2020 SPT
  Akumulasi (Rugi) Fiskal - Neto                       (53,247,588,622)   (53,369,890,052)             Fiscal Accumulation (Loss) - Net



  Pada tahun 2022 dan 2021 perusahaan mengalami                              In 2022 and 2021 the company experienced
  akumulasi kerugian fiskal yang dapat dimanfaatkan                          accumulated fiscal losses which can be utilized in
  sesuai dengan peraturan perpajakan yang berlaku.                           accordance with the applicable tax regulations.




                                                                   26
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                      PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                        AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



9 PERPAJAKAN (lanjutan)                                                        9    TAXATION (continued)

  Aset dan Liabilitas Pajak Tangguhan                                                                            Deferred Tax Assets and Liabilities
                                                        Pengaruh ke             Pengaruh ke
                                                     Laporan Laba Rugi          Penghasilan
                                                                              Komprehensif Lain

                                                                                Effect to Other
                              31 Desember 2022        Effect to Profit or                           30 September 2023
                                                                                Comprehensif
                                                            Loss
                             December 31, 2022                                     Income           September 30, 2023
  Aset Pajak Tangguhan                                                                                                           Deferred tax assets
   - Laba (Rugi) Fiskal            11,741,375,811           (26,906,315)                              11,714,469,496            Fiscal Profit (Loss) -
   - lmbalan Pasca Kerja            7,653,622,330           572,075,824            108,467,505            8,334,165,659     Post Employment Benefits -
   - Aset Tetap                    (3,076,869,902)            1,478,395                                (3,075,391,507)                Fixed assets -
   - Sewa Pembiayaan                          -                      -                                              -             Financing Lease -
   - Penyisihan Piutang             2,694,694,379                    -                                    2,694,694,379     Allowance for Receivables -
  Total                             19,012,822,618           546,647,904            108,467,505           19,667,938,027                          Total




                                                        Pengaruh ke             Pengaruh ke
                                                     Laporan Laba Rugi          Penghasilan
                                                                              Komprehensif Lain

                                                                                Effect to Other
                              31 Desember 2021        Effect to Profit or                           31 Desember 2022
                                                                                Comprehensif
                                                            Loss
                              December 31, 2021                                    Income           December 31, 2022
  Aset Pajak Tangguhan                                                                                                           Deferred tax assets
   - Laba (Rugi) Fiskal            12,817,073,545       (1,075,697,734)                               11,741,375,811            Fiscal Profit (Loss) -
   - lmbalan Pasca Kerja            8,963,195,734          (386,166,200)           (923,407,204)          7,653,622,330     Post Employment Benefits -
   - Aset Tetap                    (3,127,888,094)           51,018,192                                (3,076,869,902)                Fixed assets -
   - Sewa Pembiayaan           -                       -                                              -                           Financing Lease -
   - Penyisihan Piutang             2,634,881,532            59,812,847                                   2,694,694,379     Allowance for Receivables -
  Total                             21,287,262,717         (1,351,032,895)          (923,407,204)         19,012,822,618                          Total




                                                                         27
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                             PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                           AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



10 ASET TETAP                                                      10   FIXED ASSETS
   30 September 2023                                                                                              September 30, 2023
                                  Saldo                                                       Saldo
                            31 Desember 2022                                            30 September 2023
                                Balance          Penambahan         Pengurangan             Balance
                            December 31, 2022     Additions         Deductions         September 30, 2023
   Biaya Perolehan                                                                                                    Acquisition Cost
   - Tanah                     228,288,870,000                -                  -         228,288,870,000                       Land -
   - Bangunan & Prasarana       18,166,986,236                -                  -          18,166,986,236 Buildings & Infrastructure -
   - Mesin dan Peralatan       103,338,210,399                -                  -         103,338,210,399  Machinery and Equipment -
   - lnstalasi                   5,105,166,548                -                  -           5,105,166,548                Installation -
   - lnventaris Kantor           6,612,042,336      178,975,907                  -           6,791,018,243          Office Inventory -
   - Kendaraan                   2,670,506,097                -                  -           2,670,506,097                    Vehicle -
   Total                       364,181,781,616      178,975,907                  -         364,360,757,523                          Total

   Akumulasi Penyusutan                                                                                     Accumulated depreciation
   - Bangunan & Prasarana       17,155,968,182       53,341,443                  -          17,209,309,625 Buildings & Infrastructure -
   - Mesin dan Peralatan       103,087,400,512      100,565,343                  -         103,187,965,855  Machinery and Equipment -
   - Instalasi                   5,105,166,533                -                  -           5,105,166,533                Installation -
   - lnventaris Kantor           6,456,277,404       33,963,804                  -           6,490,241,208           Office Inventory -
   - Kendaraan                   2,554,726,082       86,834,997                  -           2,641,561,079                    Vehicle -
   Total                       134,359,538,713      274,705,587                  -         134,634,244,300                          Total

   Nilai Buku                  229,822,242,903                                             229,726,513,223                  Book Value




   31 Desember 2022                                                                                                December 31, 2022
                                  Saldo                                                       Saldo
                            31 Desember 2021                                            31 Desember 2022
                                Balance          Penambahan         Pengurangan             Balance
                            December 31, 2021     Additions         Deductions          December 31, 2022
   Biaya Perolehan                                                                                                    Acquisition Cost
   - Tanah                     152,004,000,000   76,284,870,000                  -         228,288,870,000                       Land -
   - Bangunan & Prasarana       18,166,986,236                -                  -          18,166,986,236 Buildings & Infrastructure -
   - Mesin dan Peralatan       103,293,660,399       44,550,000                  -         103,338,210,399  Machinery and Equipment -
   - lnstalasi                   5,105,166,548                -                  -           5,105,166,548                Installation -
   - lnventaris Kantor           6,489,576,427      122,465,909                  -           6,612,042,336          Office Inventory -
   - Kendaraan                   2,670,506,097                -                  -           2,670,506,097                    Vehicle -
   Total                       287,729,895,707   76,451,885,909                  -         364,181,781,616                          Total

   Akumulasi Penyusutan                                                                                     Accumulated depreciation
   - Bangunan & Prasarana       17,080,746,590       75,221,592                  -          17,155,968,182 Buildings & Infrastructure -
   - Mesin dan Peralatan       102,931,896,028      155,504,484                  -         103,087,400,512  Machinery and Equipment -
   - Instalasi                   5,053,389,617       51,776,916                  -           5,105,166,533                Installation -
   - lnventaris Kantor           6,412,612,512       43,664,892                  -           6,456,277,404          Office Inventory -
   - Kendaraan                   2,329,512,086      225,213,996                  -           2,554,726,082                    Vehicle -
   Total                       133,808,156,833      551,381,880                  -         134,359,538,713                          Total

   Nilai Buku                  153,921,738,874                                             229,822,242,903                  Book Value




                                                              28
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                   AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



10 ASET TETAP (lanjutan)                                                  10   FIXED ASSETS (continued)
   Beban Penyusutan dialokasikan sebagai berikut:                                            Depreciation Expense is allocated as follows:

                                                     30 September 2023 30 September 2022
                                                     September 30, 2023 September 30, 2022
                                                              Rp.               Rp.

   - Beban Pabrikasi                                      143,238,501          200,594,007                         Manufacturing Expenses -
   - Beban Administrasi & Umum                            131,467,086          212,942,403               Administration & General Expenses -
   Total                                                   274,705,587         413,536,410                                              Total

   Nilai pasar aset tetap perusahaan masih berada di                           The market value of the company's fixed assets is
   atas     nilai    tercatatnya,    sehingga       manajemen                  still above their carrying value, so the company's
   perusahaan berpendapat tidak terjadi penurunan                              management believes that there is no impairment
   nilai atas aset tetap perusahaan pada tanggal 30                            in the value of the company's fixed assets as of
   September 2023.                                                             September 30, 2023.

   Pada tahun 2019 perusahaan melakukan penilaian                              In 2019 the company conducted an appraisal of
   tanah yang berlokasi di Jl. Raya Gedebage/Ranca                             the land located on Jl. Raya Gedebage/Ranca
   Bolang      No.     98     Kelurahan     Cisaranten       Kidul             Bolang        No.    98     Kelurahan    Cisaranten      Kidul,
   Kecamatan Gedebage Kota Bandung Provinsi Jawa                               Gedebage        District,     Bandung     City,   West    Java
   Barat, oleh KJPP Satria Iskandar Setiawan dan Rekan                         Province, by KJPP Satria Iskandar Setiawan and
   dengan            nomor       laporan          00097/2.0124-                Partners       with       report   number     00097/2.0124-
   00/PI/04/0257/1/XI/2019, dengan pendekatan pasar                            00/PI/04/0257/1/XI/2019, with a market approach
   dan pendekatan pendapatan untuk nilai wajar tanah                           and an income approach for the fair value of land
   pada     tanggal    19     November     2019    sebesar    Rp.              on November 19 2019 in the amount of Rp.
   152.004.000.000,- (seratus lima puluh dua milyar                            152,004,000,000.- (one hundred fifty two billion
   empat juta rupiah), sehingga menghasilkan selisih                           four million rupiah), resulting in a more excess in
   lebih penilaian kembali sebesar Rp.143.523.125.741,-                        revaluation of Rp.143,523,125,741,- (one hundred
   (seratus empat puluh tiga milyar lima ratus dua                             forty three billion five hundred twenty three million
   puluh tiga juta seratus dua puluh lima ribu tujuh                           one hundred twenty five thousand seven hundred
   ratus empat puluh satu rupiah).                                             and four twenty one rupiah).

   Dan pada tahun 2022 perusahaan               kembali                        And in 2022 the company again conducted
   melakukan penilaian tanah yang berlokasi di Jl. Raya                        appraisal of the land located on Jl. Raya
   Gedebage/Ranca      Bolang    No.    98   Kelurahan                         Gedebage/Ranca Bolang No. 98 Kelurahan
   Cisaranten Kidul Kecamatan Gedebage             Kota                        Cisaranten Kidul, Gedebage District, Bandung City,
   Bandung Provinsi Jawa Barat, oleh KJPP Satria                               West Java Province, by KJPP Satria Iskandar
   Iskandar Setiawan dan Rekan dengan nomor laporan                            Setiawan and Partners with report number
   00004/2.0124-03/PI/10/0257/1/I/2023,         dengan                         00004/2.0124-03/PI/10/0257/1/I/2023,     using     a
   pendekatan pasar dan pendekatan pendapatan                                  market approach and an income approach for the
   untuk nilai wajar tanah pada tanggal 31 Desember                            fair value of land on December 31, 2022 in the
   2022 sebesar Rp. 228.288.870.000,- (dua ratus dua                           amount of Rp. 228,288,870,000.- (two hundred two
   delapan milyar dua ratus delapan pulah delapan juta                         eight billion two hundred eighty eight million eight
   delapan ratus tujuh puluh ribu rupiah), sehingga                            hundred and seventy thousand rupiah), resulting in
   menghasilkan selisih lebih penilaian kembali sebesar                        a     difference    in   overvaluation     of    Rp.
   Rp 76.284.870.000,- (tujuh puluh enam milyar dua                            76.284.870.000 (seventy six billion two hundred
   ratus delapan puluh empat juta delapan ratus tujuh                          eighty four million eight hundred and seventy
   puluh ribu rupiah).                                                         thousand rupiah).

   Aset     tetap     milik    perusahaan     berupa      tanah,               The company's fixed assets in the form of land,
   bangunan, kendaraan dan mesin-mesin digunakan                               buildings, vehicles and machinery are used as
   sebagai jaminan sehubungan dengan fasilitas kredit                          collateral in connection with the credit facility from
   dari PT. Perusahaan Pengelola Aset.                                         PT. Perusahaan Pengelola Aset.



                                                                     29
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                         PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                        AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



10 ASET TETAP (lanjutan)                                                        10   FIXED ASSETS (continued)
   Aset tetap kecuali tanah, diasuransikan terhadap                                  Fixed assets, except for land, are insured against
  resiko kebakaran, pencurian dan                resiko    lainnya                   fire, theft and other possible risks from PT Mitra
  dari PT Mitra Iswara Rorimpandey dengan Total                                      Iswara Rorimpandey for a total coverage as of
  pertanggungan per tanggal 30 September 2023 dan                                    September 30, 2023 and December 31, 2023 each
  31 Desember 2022 masing-masing sebesar Rp.                                         of Rp. 139,020,000,000. Management believes that
  139.020.000.000. Manajemen berpendapat bahwa                                       the coverage is adequate.
  pertanggungan tersebut telah memadai.                                              (See notes 2.g, 22, 23, 24 and 35)
  (Lihat catatan 2.g, 22, 23, 24 dan 35)

11 ASET TAK BERWUJUD                                                            11   INTANGIBLE ASSETS
   30 September 2023                                                                                                         September 30, 2023
                                       Saldo                                                              Saldo
                                  31 Desember 2022                                                  30 September 2023
                                      Balance             Penambahan             Pengurangan            Balance
                              December 31, 2022            Additions            Deductions         September 30, 2023
  Biaya Perolehan                                                                                                                 Acquisition Cost
  - Biaya Hak Atas Tanah             1,561,311,920                     -                     -         1,561,311,920           - Cost of Land Right

  Total                               1,561,311,920                    -                     -          1,561,311,920                        Total

  Akumulasi Penyusutan                                                                                                   Accumulated depreciation
  - Biaya Hak Atas Tanah                 (97,581,990)       (58,549,194)                     -          (156,131,184)         - Cost of Land Right

  Total                                  (97,581,990)        (58,549,194)                    -           (156,131,184)                       Total

  Nilai Buku                          1,463,729,930                                                     1,405,180,736                  Book Value

  31 Desember 2022                                                                                                             December 31, 2022
                                       Saldo                                                              Saldo
                                  31 Desember 2021                                                  31 Desember 2022
                                      Balance             Penambahan             Pengurangan            Balance
                              December 31, 2021            Additions            Deductions          December 31, 2022
  Biaya Perolehan                                                                                                                 Acquisition Cost
  - Biaya Hak Atas Tanah             1,561,311,920                     -                     -         1,561,311,920           - Cost of Land Right

  Total                               1,561,311,920                    -                     -          1,561,311,920                        Total

  Akumulasi Penyusutan                                                                                                   Accumulated depreciation
  - Biaya Hak Atas Tanah                 (19,516,398)       (78,065,592)                     -           (97,581,990)         - Cost of Land Right

  Total                                  (19,516,398)        (78,065,592)                    -            (97,581,990)                       Total

  Nilai Buku                          1,541,795,522                                                     1,463,729,930                  Book Value

  Aset tak berwujud merupakan biaya perpanjangan                                     Intangible assets represent costs for renewal of
  SHGB nomor 1337, 1338 dan 1339. SHGB tersebut                                      SHGB numbers 1337, 1338 and 1339. The SHGB
  berakhir     pada     tanggal     24      September       2021,                    expires on September 24, 2021, extended for 20
  diperpanjang      selama   20     tahun       sampai    dengan                     years until September 24, 2041
  tanggal 24 September 2041.                                                         (See note 2.h)
  (Lihat catatan 2.h)




                                                                           30
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                              PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                 AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022




12 ASET LAIN-LAIN                                                     12     OTHERS ASSETS

                                                30 September 2023 31 Desember 2022
                                                September 30, 2023 December 31, 2022
                                                          Rp.                 Rp.



   - Uang Jaminan Showroom, PLN dan lain-lain        1,309,792,837         1,554,487,614    Security Deposit of Showroom, PLN and others -
  Total                                               1,309,792,837         1,554,487,614                                           Total



13 HUTANG USAHA                                                           13 ACCOUNT PAYABLE

                                                30 September 2023 31 Desember 2022
                                                September 30, 2023 December 31, 2022
                                                          Rp.                 Rp.



   - Bahan baku dan pembantu Lokal                  12,987,205,653        14,803,217,796             Local raw and auxiliary materials -
   - Bahan baku dan pembantu Impor                   4,652,044,666         4,146,565,595            Import raw and auxiliary materials -
  Total                                             17,639,250,319        18,949,783,391                                           Total

  Rincian berdasarkan mata uang                                                                                  Breakdown by currency
   - Rupiah                                         12,987,205,653        14,803,217,796                                     Rupiah -
   - US Dolar                                        4,652,044,666         4,146,565,595                                   US Dolar -
  Total                                             17,639,250,319        18,949,783,391                                          Total

   Total dalam mata uang asing (USD)            $        299,629.31   $        263,591.99              Amount in foreign currency (USD)

  Seluruh hutang usaha merupakan Liabilitas kepada                           All trade payables are Liabilities to third parties.
  pihak ketiga. Jangka waktu kredit untuk pembelian                          The credit terms for the purchase of raw and
  bahan baku dan pembantu berkisar antara 30 dan 90                          auxiliary materials range between 30 and 90 days.
  hari.

  Analisa umur hutang usaha adalah sebagai berikut :                                 The aging analysis of trade payables is as follows:
   - 1 - 30 hari                                     1,930,089,480         4,896,094,689                                 1 - 30 days -
   - 31 - 60 hari                                    1,211,062,741         3,683,358,828                                31 - 60 days -
   - 61 - 90 hari                                      681,708,202         1,188,602,709                                61 - 90 days -
   - 91 hari - 1 tahun                               5,841,955,668         1,207,292,937                            91 days - 1 year -
   - > 1 tahun                                       7,974,434,228         7,974,434,228                            over than 1 year -
  Total                                             17,639,250,319        18,949,783,391                                           Total



14 HUTANG PEMBIAYAAN                                                      14 FINANCING PAYABLE

                                                30 September 2023 31 Desember 2022
                                                September 30, 2023 December 31, 2022
                                                          Rp.                 Rp.



   - Jatuh tempo dalam satu tahun                       59,133,332          231,073,697                        Matures within one year -
   - Jatuh tempo lebih dari satu tahun                  42,305,171           42,305,171               Maturities of more than one year -
  Total                                                101,438,503          273,378,868                                             Total




                                                                31
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                           PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                             AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



14 HUTANG PEMBIAYAAN (lanjutan)                                      14 FINANCING PAYABLE (continued)
   Pada Tanggal 24 Maret 2021             Perseroan     telah           On March 24, 2021 the Company entered into a
  melakukan Perjanjian Pembiayaan Multiguna dengan                       Multipurpose Financing Agreement with PT. Astra
  PT. Astra Sedaya Finance yang berdomisili di Jakarta,                  Sedaya        Finance   domiciled     in   Jakarta,   which
  yang berisi antara lain:                                               contains among others:
  - Nomor Perjanjian yaitu 01100191002138139                                    The agreement number is 01100191002138139              -
   - Jangka waktu selama 35 bulan sejak tanggal perjanjian                The term is 35 months from the date of the agreement         -
   - Jaminan berupa 1 Unit Kendaraan Toyota Fortuner                   Guarantee in the form of 1 Unit of Toyota Fortuner Vehicle      -
   - Nilai Pokok Pembiayaan sebesar Rp 305.355.000                                   Funding Principal Value of IDR 305,355,000        -
   - Suku Bunga sebesar 9.25% flat                                                                      Interest rate of 9.25% flat    -

  Pada    Tanggal     1   April   2021    Perseroan     telah            On April 1, 2021 the Company entered into a
  melakukan Perjanjian Pembiayaan Multiguna dengan                       Multipurpose Financing Agreement with PT. Astra
  PT. Astra Sedaya Finance yang berdomisili di Jakarta,                  Sedaya        Finance   domiciled     in   Jakarta,   which
  yang berisi antara lain:                                               contains among others:
   - Nomor Perjanjian yaitu 01100191002139224                                     The agreement number is 01100191002139224            -
   - Jangka waktu selama 35 bulan sejak tanggal perjanjian                 The term is 35 months from the date of the agreement        -
   - Jaminan berupa 1 Unit Kendaraan Honda CRV                              Collateral in the form of 1 Unit of Honda CRV Vehicle      -
   - Nilai Pokok Pembiayaan sebesar Rp 317.435.200                                   Funding Principal Value of IDR 317,435,200        -
   - Suku Bunga sebesar 9.25% flat                                                                       Interest rate of 9.25% flat   -

15 HUTANG BUNGA                                                     15 INTEREST PAYABLE
                                                 30 September 2023 31 Desember 2022
                                                September 30, 2023 December 31, 2022
                                                        Rp.               Rp.

   - Biaya Bunga Pinjaman                          26,680,288,908    27,032,566,328                            Loan Interest Costs -

  Kewajiban bunga pinjaman kepada Etona                                                Loan interest liability to Etona Offshore Group
  Offshore Group Ltd. dalam valas (USD)          $ 1,718,426.44 $     1,718,426.44 Ltd. in forex (USD)
  (Lihat catatan 20)                                                                   (See note 20)


16 BEBAN AKRUAL                                                     16 ACCRUAL EXPENSES
                                                 30 September 2023 31 Desember 2022
                                                September 30, 2023 December 31, 2022
                                                        Rp.               Rp.

   - Biaya Gaji, Upah dan Iuran BPJS               17,076,496,022    17,815,999,645                          Salary, Wages and BPJS -
   - Biaya Kantor, Pabrik dan Pemasaran                273,463,459      321,648,628       Office, Factory and Marketing Expenses -
   - Biaya Listrik dan Telepon                          77,364,235      116,438,756                Electricity and Telephone Costs -
   - Biaya Asuransi                                    128,232,510      128,241,776                                   Insurance fee -
  Total                                            17,555,556,226    18,382,328,805                                              Total


17 HUTANG PIHAK KETIGA                                              17 THIRD PARTY PAYABLES
                                                 30 September 2023 31 Desember 2022
                                                September 30, 2023 December 31, 2022
                                                        Rp.               Rp.

   - Hutang Lainnya                                 4,429,140,000       150,000,000                               Other Payables -
   - Hutang Uang Muka Penjualan                     2,607,612,645     2,025,236,170                       Sales Advance Payables -
  Total                                             7,036,752,645     2,175,236,170                                              Total

  Hutang Lainnya merupakan Hutang kepada karyawan dan                    Other Payables are payables to employees and other
  pihak lainnya                                                          parties



                                                                32
Page 36
PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022




17 HUTANG PIHAK KETIGA (lanjutan)                                        17 THIRD PARTY PAYABLES (continued)
  Hutang Uang Muka Penjualan dari sbb :                                                               Sales Advance Payable as follows :
   - PT. Citra Pesona Atletika                        2,025,236,170       2,025,236,170                      PT. Citra Pesona Atletika -
   - PT. Mulia Knitting Factory                         582,376,475                 -                        PT. Mulia Knitting Factory -
                                                       2,607,612,645       2,025,236,170


18 HUTANG PT. PERUSAHAAN PENGELOLA ASET                                  18 PT. PERUSAHAAN PENGELOLA ASET LOANS

                                                   30 September 2023 31 Desember 2022
                                                   September 30, 2023 December 31, 2022
                                                            Rp.              Rp.

  Hutang Jangka Pendek                                                                                                Short Term Loans
  Tranche A :                                                                                                                Tranche A :
   - Hutang pokok KMK Non Revolving USD                                                    Principal Loans of Non Revolving KMK USD -
     43.010,00 dan USD 258.010,00 untuk 30                                                 43,010.00 and USD 258,010.00 for 30
     September 2023 dan 31 Desember 2022                   667,773,260    4,058,755,310 September 2023 and 31 December 2022
  Tranche B :                                                                                                                Tranche B :
   - Hutang pokok KMK Non Revolving USD                                                    Principal Loans of Non Revolving KMK USD -
     8.736,00 dan USD 52.404,00 untuk 30                                                   8,736.00 and USD 52,404.00 for 30
     September 2023 dan 31 Desember 2022                   135,635,136     824,367,324 September 2023 and 31 December 2022

  Tranche C :                                                                                                               Tranche C :
   - Hutang pokok KMK Non Revolving (dalam Rp)                       -              -         Non-revolving KMK principal loan (in Rp) -
  Tranche D :                                                                                                               Tranche D :
   - Hutang pokok KMK Revolving (dalam Rp)           11,778,906,446       9,799,653,006          Revolving KMK principal loan (in Rp) -
   Sub Total                                         12,582,314,842      14,682,775,640                                       Sub Total

  Hutang Jangka Panjang                                                                                               Long Term Loans
  Tranche A :                                                                                                                Tranche A :
   - Hutang pokok KMK Non Revolving USD                                                    Principal Loans of Non Revolving KMK USD -

     1.376.037,64 dan USD 1.376.037,64 untuk                                               1,376,037.64 and USD 1,376,037.64 for 30

     30 September 2023 dan 31 Desember 2022          21,364,360,399      21,646,448,115 September 2023 and 31 December 2022
  Tranche B :                                                                                                                Tranche B :
   - Hutang pokok KMK Non Revolving USD                                                    Principal Loans of Non Revolving KMK USD -
     279.492,84 dan USD 279.492,84 untuk 30                                                279,492.84 and USD 279,492.84 for 30
                                                      4,339,405,834       4,396,701,866
     September 2023 dan 31 Desember         2022                                           September 2023 and 31 December 2022
   Sub Total                                         25,703,766,233      26,043,149,981                                    Sub Total
   Total                                             38,286,081,075      40,725,925,621                                        Total

  Pada     periode   Januari   sampai   dengan    August     2023           In the period from January to August 2023 the Company
  Perseroan telah melakukan pembayaran sbb :                                has made the following payments:
   - Pokok Tranche A sebesar Usd 215.000.00                                                  Principal Tranche A of USD 215,500.00 -
   - Pokok Tranche B sebesar Usd 43.668.00                                         Principal Tranche B amounting to USD 43,668.00 -

  Berdasarkan surat dari PT. Perusahaan Pengelola                           Based on letter from PT. Perusahaan Pengelola
  Aset nomor S-6617/PPA/DKBAM/1219 tanggal 19                               Aset    number S-6617/PPA/DKBAM/1219 dated 19
  Desember 2019 perihal Perjanjian Restrukturisasi                          December           2019       regarding      Restructuring
  dan      Pembiayaan     Modal    Kerja,   PT.    Perusahaan               Agreement and Working Capital Financing, PT.
  Pengelola Aset       memberikan fasilitas pembiayaan                      Perusahaan        Pengelola    Aset   provides    financing
  dengan ketentuan sebagai berikut :                                        facilities with the following conditions:




                                                                    33
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                             PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                               NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                                  AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



18 HUTANG PT. PERUSAHAAN PENGELOLA ASET                                                18   PT. PERUSAHAAN PENGELOLA ASET LOANS
   (lanjutan)                                                                               (continued)

  -   Plafond Pinjaman            :     USD 3.000.000                                       -    Limit Loan       :     USD 3.000.000
  -   Jenis Pinjaman              :     Pinjaman Non Revolving                              -    Loan Type        :     Non Revolving Loan
  -   Tujuan                      :                                                         -    Purpose          :
      = Fasilitas Pembiayaan Tranche A : Restrukturisasi hak                                     = Tranche A Financing Facility: Restructuring of PT.
        tagih PT. Bank Mandiri (Persero), Tbk kepada PT.                                             Bank Mandiri (Persero), Tbk Loan to PT.
                                                                                                     Primarindo Asia Infrastructure, Tbk which has
        Primarindo Asia Infrastructure, Tbk yang telah dibeli
                                                                                                     been purchased by PT. Perusahaan Pengelola
        PT.     Perusahaan            Pengelola       Aset    sebesar    USD
                                                                                                     Aset of USD 1,720,046.64. Tranche B Financing :
        1.720.046,64. Dan Fasilitas Pembiayaan Tranche B :                                           Working Capital Financing of USD 1,279,953.36
        Pembiayaan Modal Kerja sebesar USD 1,279,953.36
  -   Jangka Waktu                :     5 (lima) tahun                                      -    Term           :    5 (Five) Years
  -   Suku Bunga                  :     6 % p.a. gross                                      -    Interest Rate  :    6 % p.a. gross
  -   Provisi                     :                                                         -    Provision      :
      = 1% dari          USD       3.000.000          dibayarkan      sebelum                    = 1% of USD 3,000,000 is paid prior to the first
        dilakukannya penarikan fasilitas pembiayaan yang                                             drawdown of the financing facility.
        pertama kalinya.
        0,5% dari nilai outstanding / pinjaman yang dibayarkan                                       0.5% of the outstanding / loan value paid on the
        pada tanggal yang sama dengan tanggal efektif setiap                                         same date as the effective date of each month.
        bulannya.
  -   Advisory Fee                :                                                         -    Advisory Fees       :
        1. advisory fee sebesar USD 105.455,69                                                      1. advisory fees of USD 105.455,69
        2. advisory fee sebesar Rp. 661.670.669                                                     2. advisory fees of Rp. 661.670.669
  -   Sumber Pelunasan            :                                                         -    Source of Repayment        :
        1. Hasil penjualan aset tanah                                                               1. Proceeds from the sale of land assets
        2. Hasil refinancing atau dana pinjaman dari pihak                                          2. Refinancing results or loan from other parties /
        lainnya / pihak ketiga                                                                      third parties
        3. Hasil kegiatan usaha dan operasional                                                     3. From business and operational activities
  -   Pengembalian Pokok Fasilitas                :                                         -    Repayment Main Facility      :
        1.     Seluruh    Total        terutang       atas   pokok    fasilitas                     1. The entire outstanding amount of the principal of
        pembiayaan dibayarkan bertahap secara angsuran                                               the financing facility is paid in installments on the
        pada setiap tanggal 23 pada setiap bulannya.                                                 23rd of every month.
        2. Pembayaran pokok fasilitas pembiayaan yang                                                2. Payment of the principal of the disbursed
        dicairkan dapat dilakukan setiap saat (pembayaran                                            financing facility can be made at any time
        dipercepat), baik sebagian maupun seluruh pokok                                              (accelerated payment), either part or all of the
        fasilitas pembiayaan tanpa dibebankan penalti.                                               principal of the financing facility without being
                                                                                                     charged a penalty.
  -   Jaminan                     :                                                         -    Collateral          :
        Aset tanah dan bangunan, serta cash defisit guarantee                                        Land and building assets, and a cash deficit
        dengan coverage sebesar 130% dari outstanding                                                guarantee    with   coverage    of    130%   of   the
        pokok pinjaman.                                                                             outstanding loan principal.
  -   Pembayaran                  :                                                         -    Payment             :
        Dibayarkan       secara         mengangsur           dengan     jadwal                      Paid in installments according to the following
        sebagai berikut :                                                                            schedule:




                                                                                  34
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                               PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                               NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                               AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



18 HUTANG PT. PERUSAHAAN PENGELOLA ASET                                             18   PT. PERUSAHAAN PENGELOLA ASET LOANS
   (lanjutan)                                                                            (continued)

  Tranche A : Restrukturisasi hak tagih Bank Mandiri yang                                Tranche A: Restructuring of Loan to Bank Mandiri's that
  telah dibeli PPA sebesar USD. 1.720.046,64                                             have been purchased by PPA in the amount of USD.
                                                                                         1,720,046.64

  Pembayaran                                                         %                   USD                                               Payment
  23 Januari 2020 s.d 23 Desember 2020                          0.00%                              -           January 23, 2020 to December 23, 2020
  23 Januari 2021 s.d 23 Desember 2021                         10.00%                         172,005          January 23, 2021 to December 23, 2021
  23 Januari 2022 s.d 23 Desember 2022                         10.00%                         172,005          January 23, 2022 to December 23, 2022
  23 Januari 2023 s.d 23 Desember 2023                         15.00%                         258,007          January 23, 2023 to December 23, 2023
  23 Januari 2024 s.d 23 Desember 2024                         65.00%                        1,118,030         January 23, 2024 to December 23, 2024
  Total                                                        100.00%                       1,720,047                                          Total
  (Lihat catatan 12)                                                                                                                   (See note 12)

  Tranche B : Pembiayaan modal kerja sebesar USD.                                        Tranche B:         Working      capital   financing   of     USD.
  1.279.953,36                                                                           1,279,953.36
  Pembayaran                                                   %                         USD                                                Payment
  23 Januari 2020 s.d 23 Juni 2020                                 0%                              -                January 23, 2020 to June 23, 2020
  23 Juli 2020 s.d. 23 Desember 2020                            7.50%                           95,997            July 23, 2020 to December 23, 2020
  23 Januari 2021 s.d 23 Juni 2021                             15.00%                         191,993               January 23, 2021 to June 23, 2021
  23 Januari 2022 s.d 23 Desember 2022                         15.00%                         191,993          January 23, 2021 to December 23, 2022
  23 Januari 2023 s.d 23 Desember 2023                         15.00%                         191,993          January 23, 2021 to December 23, 2023
  23 Januari 2024 s.d 23 Juni 2024                              7.50%                           95,997              January 23, 2021 to June 23, 2024
  23 Juli 2024 s.d. 23 Desember 2024                           40.00%                         511,981             July 23, 2021 to December 23, 2024
  Total                                                        100.00%                       1,279,953                                           Total



  Berdasarkan surat dari PT. Perusahaan Pengelola                                        Based on a letter from PT. Perusahaan Pengelola
  Aset nomor S-3150/PPA/DKBAM/0720 tanggal 22 Juli                                       Aset number S-3150/PPA/DKBAM/0720 dated 22
  2020 perihal Addendum I Perjanjian Restrukturisasi                                     July     2020       regarding      Addendum       I   to      the
  dan     Pembiayaan        Modal         Kerja,    PT.     Perusahaan                   Restructuring        Agreement       and    Working        Capital
  Pengelola Aset menyetujui penundaan pembayaran                                         Financing, PT. Perusahaan Pengelola Aset agreed
  cicilan       dimulai    pada        bulan     Januari     2022        dan             to postpone installment payments starting in
  perpanjangan            masa        penarikan     pinjaman         untuk               January 2022 and extend the loan withdrawal
  Fasilitas Pembiayaan Tranche B sampai dengan                                           period for the Tranche B Financing Facility until
  tanggal 15 Desember 2020, dengan pokok-pokok                                           December 15, 2020, with the main points of the
  kesepakatan fasilitas pembiayaan sebagai berikut :                                     financing facility agreement as follows:
  -   Plafond Pinjaman           :     USD 3.000.000                                     -     Limit Loan      :    USD 3.000.000
  -   Jenis Pinjaman             :     Pinjaman Non Revolving                            -     Loan Tye        :    Non Revolving Loan
  -   Tujuan              :                                                              -     Purpose         :
      = Fasilitas Pembiayaan Tranche A : Restrukturisasi hak                                   = Tranche A Financing Facility: Restructuring of
          tagih PT. Bank Mandiri (Persero), Tbk kepada PT.                                         Loan from PT. Bank Mandiri (Persero), Tbk to PT.
          Primarindo Asia Infrastructure, Tbk yang telah dibeli                                    Primarindo Asia Infrastructure, Tbk which has
          PT.    Perusahaan          Pengelola   Aset      sebesar       USD                       been purchased by PT. Perusahaan Pengelola
          1.720.046,64 dan Fasilitas Pembiayaan Tranche B :                                        Aset of USD 1,720,046.64. Tranche B Financing :
        Pembiayaan Modal Kerja sebesar USD 1,279,953.36                                            Working Capital Financing of USD 1,279,953.36
  -   Jangka Waktu       : 5 (lima) tahun                                                -     Term                :     5 (Five) Years
  -   Suku Bunga                 :     6 % p.a. gross                                    -     Interest Rate       :     6 % p.a. gross




                                                                               35
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                                    PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                                    NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                                    AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



18 HUTANG PT. PERUSAHAAN PENGELOLA ASET                                                 18    PT. PERUSAHAAN PENGELOLA ASET LOANS
   (lanjutan)                                                                                 (continued)
  -   Provisi                      :                                                          - Provision        :
      = 1%       dari     USD      3.000.000          dibayarkan      sebelum                     = 1% of USD 3,000,000 is paid prior to the first
          dilakukannya penarikan fasilitas pembiayaan yang                                              drawdown of the financing facility.
          pertama kalinya.
          0,5% dari nilai outstanding / pinjaman yang dibayarkan                                        0.5% of the outstanding / loan value paid on the
          pada tanggal yang sama dengan tanggal efektif setiap                                          same date as the effective date of each month.
        bulannya.
  -   Advisory Fee                 :                                                          -     Advisory Fees       :
          1. advisory fee sebesar USD 105.455,69                                                       1. advisory fees of USD 105.455,69
          2. advisory fee sebesar Rp. 661.670.669                                                      2. advisory fees of Rp. 661.670.669
  -   Sumber Pelunasan             :                                                          -     Source of Repayment        :
          1. Hasil penjualan aset tanah                                                                1. Proceeds from the sale of land assets
          2. Hasil refinancing atau dana pinjaman dari pihak                                           2. Refinancing or loan from other parties / third
          lainnya / pihak ketiga                                                                       parties
          3. Hasil kegiatan usaha dan operasional                                                      3. From business and operational activities
  -   Pengembalian Pokok Fasilitas                :                                           -     Repayment Main Facility :
          1.    Seluruh    Total       terutang       atas   pokok     fasilitas                       1. The entire outstanding amount of the principal of
          pembiayaan dibayarkan bertahap secara angsuran                                                the financing facility is paid in installments on the
          pada setiap tanggal 23 pada setiap bulannya.                                                  23rd of every month.
          2. Pembayaran pokok fasilitas pembiayaan yang                                                 2. Payment of the principal of the disbursed
          dicairkan dapat dilakukan setiap saat (pembayaran                                             financing facility can be made at any time
          dipercepat), baik sebagian maupun seluruh pokok                                               (accelerated payment), either part or all of the
          fasilitas pembiayaan tanpa dibebankan penalti.                                                principal of the financing facility without being
                                                                                                        charged a penalty.
  -   Jaminan                      :                                                          -     Collateral          :
          Aset tanah dan bangunan, serta cash defisit guarantee                                         Land and building assets, as well as a cash deficit
          dengan coverage sebesar 130% dari outstanding                                                 guarantee    with   coverage    of    130%   of   the
        pokok pinjaman.                                                                                outstanding loan principal.
  -   Pembayaran                   :                                                          -     Payment             :
          Dibayarkan      secara        mengangsur           dengan     jadwal                         Paid in installments according to the following
          sebagai berikut :                                                                             schedule:

  Tranche A : Restrukturisasi hak tagih Bank Mandiri yang                                     Tranche A: Restructuring of Loan from Bank Mandiri's
                                                                                              that have been purchased by PPA in the amount of USD.
  telah dibeli PPA sebesar USD. 1.720.046,64                                                  1,720,046.64

  Pembayaran                                                           %                      USD                                               Payment
  23 Januari 2020 s.d 23 Desember 2020                               0.00%                              -           January 23, 2020 to December 23, 2020
  23 Januari 2021 s.d 23 Desember 2021                               0.00%                              -           January 23, 2021 to December 23, 2021
  23 Januari 2022 s.d 23 Desember 2022                               5.00%                        85,999.00         January 23, 2022 to December 23, 2022
  23 Januari 2023 s.d 23 Desember 2023                               15.00%                   258,010.00            January 23, 2023 to December 23, 2023
  23 Januari 2024 s.d 23 Desember 2024                               80.00%                  1,376,037.64           January 23, 2024 to December 23, 2024
  Total                                                              100.00%                 1,720,046.64                                            Total




                                                                                   36
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                              PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                                NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                              AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



18 HUTANG PT. PERUSAHAAN PENGELOLA ASET                                           18    PT. PERUSAHAAN PENGELOLA ASET LOANS
   (lanjutan)                                                                           (continued)

  Tranche B : Pembiayaan modal kerja sebesar USD.                                       Tranche         B:   Working     capital   financing   of   USD.
  1.279.953,36                                                                          1,279,953.36
  Pembayaran                                                       %                    USD                                                Payment
  23 Januari 2020 s.d 23 Desember 2020                           0.00%                            -            January 23, 2020 to December 23, 2020
  23 Januari 2021 s.d 23 Desember 2021                           0.00%                            -            January 23, 2021 to December 23, 2021
  23 Januari 2022 s.d 23 Desember 2022                           5.00%                      63,997.67          January 23, 2022 to December 23, 2022
  23 Januari 2023 s.d 23 Desember 2023                           15.00%                 191,993.00             January 23, 2023 to December 23, 2023
  23 Januari 2024 s.d 23 Desember 2024                           80.00%                1,023,962.69            January 23, 2024 to December 23, 2024
  Total                                                         100.00%                1,279,953.36                                             Total

  Selanjutnya        berdasarkan        surat    dari   PT.    Perusahaan               Furthermore, based on a letter from PT. Perusahaan
  Pengelola Aset nomor S-1270/PPA/DINVIR/0421 tanggal 7                                 Pengelola Aset number S-1270/PPA/DINVIR/0421 dated 7
  April   2021      perihal   Pemberian         Dana    Talangan    untuk               April 2021 regarding the Bridging Loan for Extension Land
  Perpanjangan Sertifikat Tanah kepada PT. Primarindo Asia                              Certificate to PT. Primarindo Asia Infrastructure, Tbk. with
  Infrastructure,     Tbk.    dengan       pokok-pokok        kesepakatan               the main points of the financing facility agreement as
  fasilitas pembiayaan sebagai berikut :                                                follows:
  - Plafond Pinjaman       : Tranche C sebesar Rp 1.561.311.920                         - Credit Limit    :    Tranche C of Rp 1.561.311.920
  -   Jenis Pinjaman            :       Pinjaman Non Revolving                          - Loan Tye        :    Non Revolving Loan
  -   Tujuan                    :                                                       - Purpose         :
          Fasilitas Pembiayaan Tranche C : Pembiayaan Dana                                       Tranche C Financing Facility: Bridging Loan for
        Talangan Perpanjangan Sertifikat                                                         Extension Land Certificate
  -   Jangka Waktu        :                                                             -     Term          :
          Tanggal yang jatuh pada lebih kurang 5 (lima) bulan                                    The date which falls on more or less 5 (five)
          terhitung sejak Tanggal Efektif Addendum II, dalam hal                                  months from the Effective Date of Addendum II, in
        ini jatuh pada tanggal 31 Agustus 2021                                                    this case falls on 31 August 2021
  -   Suku Bunga             : 14 % per tahun (gross)                                   -     Interest Rate :       14 % per year (gross)
  -   Provisi                       :                                                   -     Provision        :
          0.5% dari Fasilitas Pembiayaan Tranche C atau                                           0.5% of the Tranche C Financing Facility or IDR
          sebesar Rp 7.806.560, dibayarkan selambat-lambatnya                                     7,806,560, paid no later than the withdrawal of the
          sebelum      penarikan         dana    Fasilitas    Pembiayaan                          first Tranche C Financing Facility.
        Tranche C yang pertama kalinya.
  -   Pengembalian Pokok Fasilitas :                                                    -     Repayment Main Facility :
          Jadwal pembayaran dapat dibayarkan secara bertahap                                     The payment schedule can be paid in stages or all
          atau sekaligus selambat-lambatnya tanggal 31 Agustus                                    at once no later than August 31, 2021
        2021
  -   Sumber Dana                   :                                                   -     Source of funds      :
          Alokasi dari sisa Plafond Pinjaman Tranche B                                           Allocation of the remaining Tranche B Loan Limit

  Selanjutnya berdasarkan surat dari PT. Perusahaan                                     Furthermore, based on a letter from PT.
  Pengelola          Aset     nomor        S-3231/PPA/DINVIR/0821                       Perusahaan     Pengelola     Aset    number     S-
  tanggal       31     Agustus          2021     perihal      Persetujuan               3231/PPA/DINVIR/0821 dated August 31, 2021
                                                                                        regarding the Approval for the Extension of the
  Perpanjangan          Jangka          Waktu    Pembayaran        Pokok
                                                                                        Tranche C Principal Payment Period to PT.
  Tranche C kepada PT. Primarindo Asia Infrastructure,                                  Primarindo Asia Infrastructure, Tbk. with the main
  Tbk.     dengan       pokok-pokok             kesepakatan      fasilitas              points of the financing facility agreement as
  pembiayaan sebagai berikut :                                                          follows:
  -   Plafond Pinjaman          :       Tranche C sebesar Rp 1.561.311.920              -     Credit Limit      :      Tranche C of Rp 1.561.311.920
  -   Jenis Pinjaman            :       Pinjaman Non Revolving                          -     Loan Tye          :      Non Revolving Loan




                                                                             37
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                    PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                         AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



18 HUTANG PT. PERUSAHAAN PENGELOLA ASET                                      18    PT. PERUSAHAAN PENGELOLA ASET LOANS
   (lanjutan)                                                                      (continued)
  -   Tujuan                  :                                                    - Purpose        :
          Fasilitas Pembiayaan Tranche C : Pembiayaan Dana                                 Tranche C Financing Facility: Bridging Loan for
        Talangan Perpanjangan Sertifikat                                                    Extension Land Certificate
  -   Suku Bunga          : 14 % per tahun (gross)                                 -    Interest Rate :    14 % per year (gross)
  -   Provisi                     :                                                -    Provision      :
          0.5% dari Fasilitas Pembiayaan Tranche C atau                                     0.5% of the Tranche C Financing Facility or IDR
          sebesar Rp 7.806.560, dibayarkan selambat-lambatnya                               7,806,560, paid no later than the signing of
          sebelum penandatanganan Addendum III Perjanjian                                   Addendum III to the Cooperation Agreement
        Kerjasama
  -   Pengembalian Pokok Fasilitas          :                                      -    Repayment Main Facility :
          Pembayaran selambat-lambatnya tanggal 31 Januari                                 Payment no later than January 31, 2022 with the
                                                                                            payment schedule as follows:
          2022 dengan jadwal pembayaran sebagai berikut :

  Pembayaran                                                        Rupiah                                                           Payment
  -   31 Agustus 2021                                              100,000,000                                               August 31, 2021 -
  -   30 September 2021                                            100,000,000                                            September 30, 2021 -
  -   31 Oktober 2021                                              100,000,000                                              October 31, 2021 -
  -   30 November 2021                                             100,000,000                                            November 30, 2021 -
  -   31 Desember 2021                                             200,000,000                                            December 31, 2021 -
  -   31 Januari 2022                                              961,311,920                                              January 31, 2022 -
  Total                                                            1,561,311,920                                                         Total

  Berdasarkan surat dari PT. Perusahaan Pengelola                                  Based on a letter PT. Perusahaan Pengelola Aset
  Aset      nomor       S-432/PPA/DSAM/0122           tanggal    28                number S-432/PPA/DSAM/0122 dated January 28
  Januari       2022,   PT.       Perusahaan      Pengelola     Aset               2022, PT. Perusahaan Pengelola Aset agreed to the
  menyetujui Perubahan Jadwal Angsuran Fasilitas                                   Changes to the Installment Schedule for the
  Pembayaran Tranche C kepada PT. Primarindo Asia                                  Tranche C Payment Facility to PT. Primarindo Asia
  Infrastructure,         Tbk.           dengan       pokok-pokok                  Infrastructure, Tbk. with the main points of the
  kesepakatan fasilitas pembiayaan sebagai berikut :                               financing facility agreement as follows:
  -   Plafond Pinjaman        :       Tranche C sebesar Rp 1.561.311.920           -    Credit Limit :    Tranche C of Rp 1.561.311.920
  -   Jenis Pinjaman          :       Pinjaman Non Revolving                       -    Loan Tye     :    Non Revolving Loan
  -   Tujuan                  :                                                    -    Purpose      :
          Fasilitas Pembiayaan Tranche C : Pembiayaan Dana                                 Tranche C Financing Facility : Financing of bailout
        Talangan Perpanjangan Sertifikat                                                    funds for certificate extension
  -   Suku Bunga          : 14 % per tahun (gross)                                 -    Interest Rate :        14 % per year (gross)
  -   Provisi                     :                                                -    Provision       :
          0.5% dari Outstanding Pokok Fasilitas Pembiayaan                                  0.5% of the Tranche C Financing Facility or IDR
          Tranche C atau sebesar Rp 4.806.560, dibayarkan                                   4,806,560, paid no later than the signing of
          selambat-lambatnya           sebelum    penandatanganan                           Addendum IV to the Cooperation Agreement
        Addendum IV
  -   Pengembalian Pokok Fasilitas          :                                      -    Repayment Main Facility :
          Pembayaran selambat-lambatnya tanggal 31 Agustus                                 Payment no later than August 31, 2022 with the
                                                                                            payment schedule as follows:
        2022 dengan jadwal pembayaran sebagai berikut :
  -   Jaminan            :                                                         -    Collateral    :
          Aset tanah dan bangunan, serta cash defisit guarantee                             Land and building assets, as well as a cash deficit
          dengan coverage sebesar 130% dari outstanding                                     guarantee   with   coverage     of   130%   of   the
          pokok pinjaman.                                                                   outstanding loan principal.




                                                                       38
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                  PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                  AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



18 HUTANG PT. PERUSAHAAN PENGELOLA ASET                                18   PT. PERUSAHAAN PENGELOLA ASET LOANS
   (lanjutan)                                                               (continued)
  Pembayaran                               Plafon             Pembayaran                  Saldo                              Payment
  -   31 Agustus 2021                      100,000,000            100,000,000        -                              August 31, 2021 -
  -   30 September 2021                    100,000,000            100,000,000        -                           September 30, 2021 -
  -   31 Oktober 2021                      100,000,000            100,000,000        -                             October 31, 2021 -
  -   30 November 2021                     100,000,000            100,000,000        -                           November 30, 2021 -
  -   31 Desember 2021                     200,000,000            200,000,000        -                           December 31, 2021 -
  -   31 Januari 2022                      100,000,000            100,000,000        -                             January 31, 2022 -
  -   28 Februari 2022                     100,000,000            100,000,000        -                             Februari 28, 2022 -
  -   31 Maret 2022                        100,000,000            100,000,000        -                               March 31, 2022 -
  -   30 April 2022                        100,000,000            100,000,000        -                                April 30, 2022 -
  -   31 Mei 2022                          100,000,000            100,000,000        -                                 May 31, 2022 -
  -   30 Juni 2022                         100,000,000            100,000,000        -                                June 30, 2022 -
  -   31 Juli 2022                         100,000,000            100,000,000        -                                 July 31, 2022 -
  -   31 Agustus 2022                      261,311,920            261,311,920        -                              August 31, 2022 -
  Total                                   1,561,311,920           1,561,311,920       -                                          Total

  Hutang pokok KMK Non Revolving Tranche C per tanggal 31                   Principal debt of KMK Non Revolving Tranche C as of 31
  Agustus 2022 sudah lunas.                                                 August 2022 has been paid off.
 - Berdasarkan surat dari PT. Perusahaan Pengelola                          Based on a letter from PT. Perusahaan Pengelola
   Aset nomor S-667/PPA/DSAM/0422 tanggal 20 April                          Aset number S-667/PPA/DSAM/0422 dated 20 April
   2022, PT. Perusahaan Pengelola Aset menyetujui                           2022 , PT. Perusahaan Pengelola Aset agreed to
   Penggunaan Sisa Plafond Pinjaman Tranche B                               the Use of the Remaining Tranche B Loan Limit to
   kepada PT. Primarindo Asia Infrastructure, Tbk.                          PT. Primarindo Asia Infrastructure, Tbk. with the
   dengan       pokok-pokok    kesepakatan      fasilitas                   main points of the financing facility agreement as
   pembiayaan sebagai berikut :                                             follows:
   - Plafond Pinjaman    : Tranche D sebesar Rp 11.800.000.000              -     Credit Limit  :      Tranche D of Rp 11.800.000.000
   - Jenis Pinjaman      :                                                  -     Loan Type     :
        Pinjaman Revolving, sehingga setiap pembayaran                               Revolving Loans, so that each payment of the
          Pokok Fasilitas, dapat dipinjam kembali oleh PT.                           Principal Facility, can be borrowed back by PT.
        Primarindo Asia Infrastructure, Tbk.                                         Primarindo Asia Infrastructure, Tbk.
  -   Tujuan                :                                               -     Purpose       :
        Fasilitas Pembiayaan Kebutuhan         Modal      Kerja                      Financing Facility for Company's Working Capital
        Perusahaan                                                                   Requirements
  -   Suku Bunga         : 14 % per tahun (gross)                           -     Interest Rate    : 14 % per year (gross)
  -   Provisi            :                                                  -     Provision        :
        0.5% dari Outstanding Pokok Fasilitas Pembiayaan                              0.5% of the Outstanding Principal of the Tranche D
          Tranche D atau sebesar Rp 59.000.000, dan untuk                             Financing Facility or IDR 59,000,000, and for the
          tahun kedua dan seterusnya adalah 0.5% dari Total                           second year and so on is 0.5% of the Total
        Outstanding Pokok Fasilitas Pembiayaan                                        Outstanding Principal of the Financing Facility
  -   Jangka Waktu        :                                                 -     Term             :
        Pembayaran seluruh Outstanding Pokok Fasilitas                                Payment of all Outstanding Financing Facility
          Pembiayaan     selambat-lambatnya    tanggal      19                        Principles no later than December 19, 2024
        Desember 2024
  -   Sumber Dana           :                                               -     Source of Funds       :
        Alokasi dari sisa Plafond Pinjaman Tranche B                                  Allocation of the remaining Tranche B Loan Limit
  -   Jaminan               :                                               -     Collateral            :
        Aset tanah dan bangunan, serta cash defisit guarantee                         Land and building assets, as well as a cash deficit
          dengan coverage sebesar 130% dari outstanding                               guarantee with coverage of 130% of the
        pokok pinjaman.                                                               outstanding loan principal.
  -   Hutang Pokok KMK Non Revolving Tranche D per 30                       -     Principal Debt of KMK Non Revolving Tranche D as of
      September 2023 adalah sebesar Rp 11.778.906.446                             September 30 2023 is IDR 11,778,906,446




                                                                  39
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                   PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                      AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



19 LIABILITAS IMBALAN PASCA KERJA                                              19 POST-EMPLOYMENT BENEFITS LIABILITY
   Uraian berikut ini merupakan rangkuman Imbalan                                 The following description is a summary of Post-
  Pasca Kerja yang diakui pada Laporan Laba (Rugi)                                Employment Benefits recognized in the Statement
  dan Pendapatan komprehensif lain dan liabilities                                of Profit (Loss) and other comprehensive income
                                                                                  and       Post-Employment         Benefits      liabilities
  Imbalan     Pasca Kerja yang diakui          dalam laporan
                                                                                  recognized in the statement of financial position as
  posisi keuangan per 31 Desember 2022. Beban dan
                                                                                  of 31 December 2022. Post-Employment Benefits
  liabilitas Imbalan Pasca Kerja dihitung oleh Kantor
                                                                                  expenses and liabilities were calculated by the
  Konsultan      Aktuaria      Tubagus     Syafrial   &     Amran                 Tubagus Syafrial & Actuarial Consultant Office.
  Nangasan) dalam laporannya nomor 1834/PSAK-                                     Amran Nangasan) in his report number 1834/PSAK-
  TBA.AN/II-2023 pada tanggal 2 Februari 2023.                                    TBA.AN/II-2023 on 2 February 2023.



                                                      30 September 2023 31 Desember 2022
                                                      September 30, 2023 December 31, 2022
                                                              Rp.                  Rp.

  Mutasi Liabilitas Imbalan Pasca Kerja :                                                    Mutation of Post-Employment Benefits Liability:
  Awal periode                                          33,766,513,862         39,719,120,246                              Beginning Period
  Beban/Pendapatan :                                                                                                    Expense/Revenue :
  Beban Jasa Kini                                         1,409,996,246         1,770,341,640                     Current Service Expenses
  Beban bunga                                             1,617,272,507         2,536,502,738                               Interest expense
  Pendapatan dari Biaya Jasa Lalu yang Vested                           -      (4,743,125,088)       Income from Vested Past Service Costs
  Beban/Pendapatan Neto                                   3,027,268,753          (436,280,710)                        Net Expense/Revenue
  lmbalan yang dibayarkan                                  (426,924,098)       (1,319,020,200)                          Compensation paid
  Penghasilan komprehensif lainnya                          493,034,112        (4,197,305,474)                 Other comprehensive income
  Akhir Periode                                         36,859,892,629         33,766,513,862                              Ending of Period

  Penghasilan Komprehensif Lainnya                                                                            Other comprehensive income
  Awal periode                                            8,230,536,796        12,427,842,270                            Beginning Period
  (Keuntungan)/Kerugian Aktuaria                            493,034,112        (4,197,305,474)                        Actuarial (Gain)/Loss
  Akhir Periode                                           8,723,570,908         8,230,536,796                             Ending of Period

  Asumsi     utama      yang   digunakan     dalam    menghitung                  The main assumptions used in calculating the post-
  liabilitas imbalan pasca kerja pada tanggal 30 September                        employment benefit obligation as of September 30, 2023
  2023 adalah:                                                                    are:
   - Tingkat Bunga Aktuaria                                6.88% per tahun/year                                    Actuarial Interest Rate -
   - Tingkat Kenaikan Gaji                                 3.00% per tahun/year                                     Salary Increase Rate -
   - Tingkat Mortalita                                              TMI 2019                                               Mortality Rate -
   - Tingkat Cacat                                        0.02% dari TMI IV (2019)                                            Defect Level -
   - Tingkat Pengunduran Diri                2,5% pada semua tingkat usia/at all age levels                            Resignation Rate -
   - Usia Pensiun Normal                                       57 Tahun/year                                      Normal Retirement Age -
   - Metode                                                 Projected Unit Credit                                                  Method -
  (Lihat catatan 2.l)                                                                                                          (See note 2.l)




                                                                       40
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                               PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                  AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



20 HUTANG LAIN-LAIN                                                    20 OTHER LOANS
                                                    30 September 2023 31 Desember 2022
                                                    September 30, 2023 December 31, 2022
                                                             Rp.               Rp.

   - Hutang Etona Offshore Group Ltd                  75,601,638,646       76,599,856,855            Etona Offshore Group Ltd Loans -
   - Hutang PT. Ridatos Indonesia                      4,500,000,000        4,500,000,000               PT. Ridatos Indonesia Loans -
  Total                                               80,101,638,646       81,099,856,855                                        Total

  Hutang Etona Offshore Group Ltd :                                           Etona Offshore Group Ltd Loans :
  a. Limit Fasilitas Usd 2,000,000.00                                         a. Facility Limits Usd 2,000,000.00
  Berdasarkan Addendum tanggal 13 Maret 2020,                                 Based on the Addendum dated March 13 2020,
  Etona Offshore Group LTD sebagai pemberi pinjaman                           Etona Offshore Group LTD as the lender agreed to
  menyetujui perpanjangan untuk fasilitas pinjaman                            the extension of the loan facility as follows:
  sebagai berikut :
  Limit Fasilitas                                                  USD 2.000.000,00                                     Facility Limits
  Bunga                                                            5% per tahun/year                                              Rate
  Jangka Waktu                                            16 Maret 2023/March 16, 2023                                 Maturity Period

  Berdasarkan Addendum tanggal 14 September 2020,                             Based on the Addendum dated September 14
  Etona Offshore Group Ltd sebagai pemberi pinjaman                           2020, Etona Offshore Group Ltd as the lender
  menyetujui perpanjangan untuk fasilitas pinjaman                            agreed to extend the loan facility of USD 2,000,000
  sebesar USD 2.000.000,- dan penyesuaian tingkat                             and adjust the special interest rate for the period
  suku    bunga     khusus    periode     Januari    2020     s/d             January 2020 to December 2020 to 0% per year
  Desember 2020 menjadi sebesar 0% per tahun dan                              and for the following period enforced according to
  untuk     periode    selanjutnya      diberlakukan     sesuai               the original provisions.
  ketentuan awal.

  Berdasarkan Addendum tanggal 15 Desember 2021                               Based on the Addendum dated December 15, 2021
  untuk fasilitas tersebut, Etona Offshore Group Ltd                          for this facility, Etona Offshore Group Ltd as the
  sebagai pemberi pinjaman menyetujui penyesuaian                             lender agreed to adjust the special interest rate,
  tingkat    suku     bunga   khusus,    limit   fasilitas    Usd             the facility limit of Usd 2,000,000 for the period
  2.000.000 periode 1 Januari 2019 s/d 16 Maret 2023                          January 1 2019 to March 16 2023 to 0% per year
  menjadi sebesar 0% per tahun dan untuk periode                              and for the following period enforced according to
  selanjutnya diberlakukan sesuai ketentuan awal.                             the original provisions.

  Berdasarkan Addendum tanggal 5 Januari 2023,                                Based on the Addendum dated January 5, 2023,
  Etona Offshore Group LTD sebagai pemberi pinjaman                           Etona Offshore Group LTD as the lender agreed to
  menyetujui perpanjangan untuk fasilitas pinjaman                            the extension of the loan facility as follows:
  sebagai berikut :
  Limit Fasilitas                                                  USD 2.000.000,00                                     Facility Limits
  Bunga                                                            0% per tahun/year                                              Rate
  Jangka Waktu                                            16 Maret 2026/March 16, 2026                                 Maturity Period
  Limit yang sudah terpakai per 30 September 2023                             The limit that has been used as of September 30,
  sebesar USD 2.000.000.00                                                    2023 is USD 2,000,000.00

  b. Limit Fasilitas Usd 5,000,000.00                                         b. Facility Limits Usd 5,000,000.00
  Berdasarkan Addendum tanggal 14 September 2018,                             Based on the Addendum dated September 14,
  Etona Offshore Group Ltd sebagai pemberi pinjaman                           2018, Etona Offshore Group Ltd as the lender
  menyetujui perpanjangan untuk fasilitas pinjaman                            agreed to extend the loan facility of USD 5,000,000
  sebesar USD 5.000.000,- dengan pokok-pokok                                  with the main points of the agreement as follows:
  kesepakatan sebagai berikut :
  Limit Fasilitas                                              USD 5.000.000,00                                         Facility Limits
  Bunga                                                        5% per tahun/year                                                  Rate
  Jangka Waktu                                            15 Maret 2021/March 15, 2021                                 Maturity Period



                                                                     41
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                    PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                       AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022




20 HUTANG LAIN-LAIN (lanjutan)                                                  20 OTHERS LOANS (continued)
   Berdasarkan Addendum tanggal 14 September 2020,                                 Based on the Addendum dated September 14
  Etona Offshore Group Ltd sebagai pemberi pinjaman                                 2020, Etona Offshore Group Ltd as the lender
  menyetujui perpanjangan untuk fasilitas pinjaman                                  agreed to extend the loan facility of USD 5,000,000
  sebesar USD 5.000.000,- dan penyesuaian tingkat                                   and adjust the special interest rate for the period
  suku    bunga      khusus      periode    Januari     2020       s/d              January 2020 to December 2020 to 0% per year
  Desember 2020 menjadi sebesar 0% per tahun dan                                    and for the following period enforced according to
  untuk     periode     selanjutnya       diberlakukan          sesuai              the original provisions. The main points of the
  ketentuan awal. Pokok-pokok kesepakatan menjadi                                   agreement are as follows:
  sebagai berikut :
  Limit Fasilitas                                                    USD 5.000.000,-                                                   Facility Limits
  Bunga                                                              5% per tahun/year                                                           Rate
  Tanggal Jatuh Tempo                                           15 Maret 2024/March 15, 2024                                          Maturity Period

  Berdasarkan Addendum tanggal 15 Desember 2021                                     Based on the Addendum dated December 15, 2021
  untuk fasilitas tersebut, Etona Offshore Group Ltd                                for this facility, Etona Offshore Group Ltd as the
  sebagai pemberi pinjaman menyetujui penyesuaian                                   lender agreed to adjust the special interest rate,
  tingkat    suku     bunga     khusus,     limit    fasilitas    Usd               the facility limit of Usd 5,000,000 for the period
  5.000.000 periode 1 Januari 2019 s/d 31 Desember                                  January 1 2019 to December 31 2022 to 0% per
  2022 menjadi sebesar 0% per tahun dan untuk                                       year   and   for     the       following    period     enforced
  periode selanjutnya diberlakukan sesuai ketentuan                                 according to the original provisions.
  awal.

  Berdasarkan Addendum tanggal 5 Mei 2023, Etona                                    Based on the Addendum dated May 5, 2023, Etona
  Offshore     Group     Ltd    sebagai     pemberi      pinjaman                   Offshore Group Ltd as the lender agreed to extend
  menyetujui perpanjangan untuk fasilitas pinjaman                                  the loan facility of USD 5,000,000 until December
  sebesar USD 5.000.000 sampai dengan 31 Desember                                   31, 2026.
  2026.

  Karena     kondisi    ekonomi     peminjam         yang       belum               Due to the borrowers economic condition that has
  sepenuhnya pulih akibat pandemi covid-19, pemberi                                 not fully recovered due to covic-19 pandemic, the
  pinjaman          setuju      untuk       sementara            tidak              lender agreed to temporarily not charge any
  membebankan bunga atas pinjaman ini. Suku bunga                                   interest on this loan. Interest rate for subsequent
  untuk      periode         berikutnya      akan       ditentukan                  periods will be determined base on both parties
  berdasarkan kesepakatan kedua belah pihak.                                        agreement.

  Pokok-pokok kesepakatan adalah sebagai berikut :                                    The main points of the agreement are as follows:
  Limit Fasilitas                                                        USD 5.000.000,-                                Facility Limits
  Bunga                                                          0% per tahun/year                                                Rate
  Tanggal Jatuh Tempo                                    31 Desember 2026/December 31, 2026                           Maturity Period

  Limit yang sudah terpakai per 30 September 2023 sebesar                           The limit that has been used as of September 30, 2023 is
  USD 2.869.357.12                                                                  USD 2,869,357.12

  Sesuai addendum tersebut di atas baik limit fasilitas                             According to the addendum above, both the USD
  USD     2,000,000.00         maupun      limit    fasilitas    USD                2,000,000.00        facility      limit     and      the    USD
  5,000,000.00        yang      menyetujui         tingkat      bunga               5,000,000.00       facility     limit     which    agrees     the
  menjadi 0% maka untuk periode 01 Januari 2019 sd                                  interest rate to be 0%, for the period January 1
  31 Desember 2021 perusahaan telah menghapus                                       2019 to December 31 2021 the company has
  buku hutang bunga sebesar USD 242,401.34 atau                                     written off interest payables of USD 242,401.34 or
  setara dengan Rp.3.440.360.659 kepada kelompok                                    equivalent to IDR 3,440,360,659 to other income
  akun pendapatan lain-lain                                                         account group



                                                                          42
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                           PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                              AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022




20 HUTANG LAIN-LAIN (lanjutan)                                        20 OTHERS LOANS (continued)
   Saldo hutang pokok dan bunga            kepada      Etona             The principal and interest payable balances to
  Offshore Group Ltd dalam bentuk valas sebagai                           Etona Offshore Group Ltd in foreign currency are
  berikut:                                                                as follows:

                                                 30 September 2023 31 Desember 2022
                                                 September 30, 2023 December 31, 2022
                                                       USD                USD

  Hutang pokok                                       4,869,357.12       4,869,357.12                                 Principal Loans
  Hutang bunga (Lihat catatan no.15)                 1,718,426.44       1,718,426.44              Interest Payable (See Note no. 15)
  Total                                               6,587,783.56       6,587,783.56                                           Total

  Hutang PT. Ridatos Indonesia :                                          PT. Ridatos Indonesia Loans :
  Berdasarkan perjanjian hutang piutang pada tanggal                      Based on the payables agreement on February 26
  26 Februari 2019, perseroan mendapat              fasilitas             2019, the company obtained a loan facility from
  pinjaman dari PT. Ridatos Indonesia (Pihak Berelasi)                    PT. Ridatos Indonesia (Related Parties) with a limit
  sebesar limit sampai dengan Rp.5.000.000.000 (lima                      of up to IDR 5,000,000,000 (five billion) for a
  milyar) untuk jangka waktu 3 tahun sampai dengan                        period of 3 years until February 26, 2022.
  26 Februari 2022.

  Berdasarkan Addendum tanggal 1 April 2021, PT.                          Based on the Addendum dated April 1, 2021, PT.
  Ridatos     Indonesia   sebagai      pemberi     pinjaman               Ridatos Indonesia as the lender agreed to the
  menyetujui perpanjangan untuk fasilitas pinjaman                        extension for the loan facility as follows:
  sebagai berikut :

  Limit Fasilitas                                            Rp 5.000.000.000                                          Facility Limits
  Bunga                                                      0% per tahun/year                                                   Rate
  Tanggal Jatuh Tempo                               22 Februari 2025/February 22, 2025                                 Maturity Date

  Saldo kewajiban pokok per 30 September 2023                             The principal liability balance as of September 30,
  adalah Rp 4.500.000.000 dan kewajiban tersebut                          2023 is IDR 4,500,000,000 and this obligation is
  tidak dikenakan bunga.                                                  non-interest bearing.




                                                                43
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                               PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                   AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



21 MODAL SAHAM                                                          21 SHARE CAPITAL

  30 September 2023                                                                                         September 30, 2023

           Nama Pemegang Saham               Jumlah Lembar Saham                             Nilai Saham                    %
              /Share Holders                  /Number of Shares                             /Share Value
                                           Seri A              Seri B            Seri A @ Rp.250     Seri B @ Rp.200

  PT. Golden Lestari                        90,300,000      436,175,716           22,575,000,000      87,235,143,200       86.57%
  Masyarakat lainnya (dibawah 5%)/
  Others Public (below 5%)
                                            81,700,000                   -        20,425,000,000                       -   13.43%
   Total                                   172,000,000      436,175,716           43,000,000,000      87,235,143,200 100.00%

   31 Desember 2022                                                                                         December 31, 2023

           Nama Pemegang Saham               Jumlah Lembar Saham                             Nilai Saham                    %
              /Share Holders                  /Number of Shares                             /Share Value
                                           Seri A              Seri B            Seri A @ Rp.250     Seri B @ Rp.200

  PT. Golden Lestari                        90,300,000      436,175,716           22,575,000,000      87,235,143,200       86.57%
  Masyarakat lainnya (dibawah 5%)/
  Others Public (below 5%)
                                            81,700,000                   -        20,425,000,000                       -   13.43%
   Total                                   172,000,000      436,175,716           43,000,000,000      87,235,143,200 100.00%



  Berdasarkan Rapat Umum Pemegang Saham Luar                                 Based on the Extraordinary General Meeting of
  Biasa (RUPSLB) yang dilaksanakan pada tanggal 28                           Shareholders (EGMS) held on March 28 2016 and
  Maret 2016 dan dituangkan dalam Akta Risalah                               stated in the Deed of Minutes of Extraordinary
  Rapat Umum Pemegang Saham Luar Biasa No. 65                                General Meeting of Shareholders No. 65 dated
  tanggal 2016 dari Notaris R, Tendy Suwarman SH                             2016 from Notary R, Tendy Suwarman SH with it
  diputuskan sebagai berikut:                                                was conducted as follows :

   1 Menyetujui perubahan nilai nominal atas saham                           1    Approved the change in nominal value of the
   ) yang telah ditempatkan dan disetor penuh                                )    shares that have been issued and fully paid
     sejumlah 86.000.000 (delapan puluh enam juta)                                shares in the amount of 86,000,000 (eighty six
     saham dengan nilai nominal Rp. 500 (lima ratus                               million) shares with a nominal value of Rp. 500
     rupiah) setiap saham menjadi Saham Seri A.                                   (five hundred rupiah) per share to become
     Saham        portepel       yang   semula      sejumlah                      Series A Shares. Portfolio shares which were
     258.000.000 (duaratus lima puluh delapan juta)                               originally 258,000,000 (two hundred fifty eight
     saham dengan nilai nominal Rp.500 (lima ratus                                million) shares with a nominal value of Rp. 500
     rupiah)      setiap       saham    menjadi     sejumlah                      (five   hundred      rupiah)    per       share   became
     322.500.000 (tiga ratus dua puluh dua juta lima                              322,500,000 (three hundred twenty two million
     ratus ribu) saham dengan nilai nominal Rp. 400                               five hundred thousand) shares with a nominal
     (empat ratus rupiah) setiap saham dan menjadi                                value of Rp. 400 (four hundred rupiah) per
     Saham Seri B.                                                                share and become Series B Shares.




                                                                  44
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                   PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                       AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



21 MODAL SAHAM (lanjutan)                                                 21     SHARE CAPITAL (continued)

   2 Menyetujui penambahan modal ditempatkan dan                                 2    Approved the addition of the issued and fully
   ) disetor penuh Perseroan Tanpa Memberikan Hak                                )    paid capital of the Company Without Giving Pre-
      Memesan Efek Terlebih Dahulu kepada Pemegang                                    emptive Rights to the Company's Shareholders
      Saham    Perseroan     yang    dilaksanakan       dengan                        which was carried out by placing 218,087,858
                                                                                      (two hundred eighty seven eighty eight) new
      penempatan       218.087.858      (dua   ratus   delapan
                                                                                      Series B shares in portfolio to PT. Golden
      puluh tujuh delapan puluh delapan) saham baru
                                                                                      Lestari with a value of Rp. 87,235,143,200
      Seri B dalam portepel kepada PT. Golden Lestari                                 (eighty-seven billion two hundred thirty-five
      dengan nilai Rp. 87.235.143.200 (delapan puluh                                  million one hundred forty-three thousand and
      tujuh milyar dua ratus tiga puluh lima juta seratus                             two hundred rupiah) in the context of debt
      empat puluh tiga ribu dua ratus rupiah) dalam                                   settlement.
      rangka pelunasan utang.

  Sesuai hasil Rapat Umum Pemegang Saham Tahunan                                 In accordance with the results of the Annual
  yang dituangkan dalam Akta Risalah Rapat Umum                                  General Meeting of Shareholders as set forth in the
  Pemegang Saham No. 174 tanggal 29 Juni 2016 yang                               Deed of Minutes of the General Meeting of
  dibuat oleh Notaris R, Tendy Suwarman SH., telah                               Shareholders No. 174 dated 29 June 2016 made by
                                                                                 Notary R, Tendy Suwarman SH., it has been
  disetujui pemecahan nilai nominal Saham seri A dari
                                                                                 approved for splitting the nominal value of Series A
  Rp. 500 per saham menjadi Rp. 250 per saham dan
                                                                                 shares of Rp. 500 per share to Rp. 250 per share
  nilai nominal Saham Seri B dari Rp 400 per saham
                                                                                 and the nominal value of Series B Shares from IDR
  menjadi Rp. 200 per saham. Keputusan Rapat Umum                                400 per share to IDR. 200 per share. The decision
  Pemegang Saham Nilai Nominal baru berlaku efektif                              of the General Meeting of Shareholders of the new
  tanggal 1 September 2016.                                                      Nominal Value became effective on September 1,
                                                                                 2016.

  Komposisi    modal      dasar   dan    modal    yang     telah                 The composition of authorized capital, issued &
  ditempatkan & disetor penuh serta modal yang                                   fully paid capital and unpaid capital is as follows:
  belum disetor sebagai berikut:

                                                       Saham /Share       @ Rp            Total

  1   Modal Dasar                                                                                                     Authorized capital -
      Saham Seri A                                       172,000,000      250          43,000,000,000                     Series A Share
      Saham Seri B                                       645,000,000      200         129,000,000,000                     Series B Share
      Total Modal Dasar                                  817,000,000                  172,000,000,000            Total Authorized capital
  2   Modal ditempatkan dan disetor penuh                                                               Issued and fully deposited capital -
      Saham Seri A                                       172,000,000      250          43,000,000,000                     Series A Share
      Saham Seri B                                       436,175,716      200          87,235,143,200                     Series B Share
    Total Modal Ditempatkan dan Disetor                                                                 Total Issued and fully deposited
                                                         608,175,716                  130,235,143,200
    Penuh                                                                                                                         capital
  3 Modal yang belum disetor                                                                                              Unpaid capital -
      Saham Seri A                                                    -    -                       -                     Series A Share
      Saham Seri B                                       208,824,284      200          41,764,856,800                    Series B Share
      Total Modal yang belum Disetor Penuh               208,824,284                   41,764,856,800               Total Unpaid capital
  (Lihat Catatan 1b)                                                                                                         (See Note 1b)




                                                                   45
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                             PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                  AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



22 LABA/(RUGI) PER SAHAM                                    22 PROFIT/(LOSS) PER SHARE

  Total Laba/(Rugi) Tahun Berjalan yang digunakan             The total Profit/(Loss) for the Year used in
  dalam menghitung Laba/(Rugi) per Saham untuk                calculating the Profit/(Loss) per Share for the
  periode yang berakhir tanggal 30 September 2023             period ended September 30, 2023 was (IDR
  adalah (Rp 1,920,363,058) dan 30 September 2022             1,920,363,058) and September 30, 2022 was (IDR
                                                              3,186,313,001). The total outstanding shares used
  adalah (Rp 3,186,313,001). Total Saham beredar
                                                              as the denominator to calculate the Current Year's
  yang    digunakan   sebagai   denominator    untuk
                                                              Profit/(Loss) per share for the current period ended
  menghitung Laba/(Rugi) Tahun Berjalan per saham             September 30, 2023 and September 30, 2022
  untuk periode berjalan yang berakhir pada tanggal           amounted to 608,175,716 shares. Consists of
  30 September 2023 dan 30 September 2022 adalah              172,000,000 Series A Shares and 436,175,716
  sebanyak 608.175.716 saham. Terdiri dari Saham              Series B Shares
  Seri A. 172.000.000 dan Saham Seri B. 436.175.716




                                                       46
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                     PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                     AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



23 PENJUALAN                                                                23   SALES

                                                      30 September 2023 30 September 2022
                                                      September 30, 2023 September 30, 2022
                                                              Rp.                 Rp.

   - Lokal                                              72,502,727,757       90,580,066,727                                           Local -
  Total                                                 72,502,727,757       90,580,066,727                                              Total

  Tidak      terdapat     penjualan    kepada        pihak    yang               There are no sales to related parties.
  mempunyai hubungan istimewa.

  Terjadi penurunan penjualan pada periode bulan                                 There was a decrease in sales in the period January
  Januari     sampai      dengan   September         tahun    2023               to September 2023 of 19.96% compared to 2022
  sebesar 19,96% dibandingkan dengan tahun 2022                                  due to a decrease in sales at Counter-Offline.
  disebabkan penurunan penjualan di Counter-Offline.

24 BEBAN POKOK PENJUALAN                                                    24   COST OF SALES
                                                      30 September 2023 30 September 2022
                                                      September 30, 2023 September 30, 2022
                                                              Rp.                 Rp.

  Persediaan Bahan Baku Awal                             5,389,309,943        2,584,106,911                 Beginning Raw Material Inventory
  Pembelian Bahan Baku                                  18,870,049,136       34,651,368,271                        Purchase of Raw Material
  Persediaan Bahan Baku Akhir                            (3,603,658,082)     (5,176,622,475)                  Ending Raw Material Inventory
  Bahan Baku yang digunakan                             20,655,700,997       32,058,852,707                         Raw Material Consumed
  Tenaga Kerja                                          19,764,159,385       20,318,912,310                                      Direct Labor
  lmbalan Pasca kerja                                    1,515,744,549        1,451,467,072                       Post Employment Benefits
  Beban pabrikasi                                        9,096,904,977        7,208,843,483                                Factory Overhead
  Total beban produksi                                  51,032,509,908       61,038,075,572                          Total Production Costs
  Persediaan awal tahun barang dalam proses              2,829,167,083        1,499,505,249                       Beginning Work In Process
  Persediaan akhir tahun barang dalam proses             (3,391,400,180)     (1,725,547,796)                         Ending Work In Process
  Beban pokok produksi                                  50,470,276,811       60,812,033,025                   Cost of Goods Manuafactured
  Persediaan awal tahun barang jadi                     36,777,188,868       25,959,841,054                        Beginning Finished Goods
  Persediaan akhir tahun barang jadi                     (40,204,159,607)   (29,301,495,238)                          Ending Finished Goods
  Beban Pokok Penjualan                                 47,043,306,072       57,470,378,841                                    Cost of Sales

  Rincian Beban Pabrikasi adalah sebagai berikut :                                             Details of Manufacturing Expenses are as follows:
   - Gaji dan Upah                                       5,759,513,069        4,181,285,072                             Salary and Wages -
   - lmbalan Pasca Kerja                                     518,711,544         544,865,066                    Post Employment Benefits -
   - Listrik dan Energi                                      862,151,150         905,618,428                        Electricity and Energy -
   - Kendaraan dan Pemeliharaan                              326,951,800         255,030,316               Transportation & Maintenance -
   - Penyusutan Aset tetap                                   143,238,501         200,594,007                 Fixed asset depreciation cost -
   - Suku Cadang dan Alat Pembantu                           866,097,337         538,166,623               Spare Parts and Auxiliary Tools -
   - Asuransi dan Lain-Lain                                  620,241,576         583,283,971                         Insurance and Others -
  Total Beban Pabrikasi                                  9,096,904,977        7,208,843,483                  Total Manufacturing Expenses

  Terdapat pembelian per supplier yang melebihi 10% dari                         There are purchases per supplier that exceed 10% of the
  Total pembelian bahan baku yaitu :                                             total purchase of raw materials, namely:
   - Xiamen Uniworld International Trade Co              3,969,717,172        9,515,137,982        Xiamen Uniworld International Trade Co -
   - PT. Hema Jaya Perkasa                                             -      4,570,185,400                      PT. Hema Jaya Perkasa -
   - PT. Grand Chemical Indonesia                                                        -                 PT. Grand Chemical Indonesia -




                                                                      47
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                               PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                  AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



25 BEBAN PENJUALAN                                                     25     SELLING EXPENSES

                                                30 September 2023 30 September 2022
                                                September 30, 2023 September 30, 2022
                                                       Rp.                     Rp.

      - Gaji Pegawai dan SPG/SPB                  11,252,928,781            9,457,644,541        Salaries of Employee and SPG/SPB -
      - lmbalan Pasca Kerja                          336,535,083             353,503,242                   Post Employment Benefits -
      - Pemasaran, Pengangkutan, Promosi dan                                                 Marketing, Transportation, Promotion and -
        lainnya                                    5,174,375,217            3,635,968,222                                      others
  Total                                            16,763,839,081           13,447,116,005                                        Total



26 BEBAN ADMINISTRASI DAN UMUM                                         26     GENERAL & ADMINISTRATION EXPENSES

                                                30 September 2023 30 September 2022
                                                September 30, 2023 September 30, 2022
                                                       Rp.                     Rp.



      - Gaji dan Tunjangan                         7,348,420,719            6,494,720,350                    Salaries and allowances -
      - lmbalan Pasca Kerja                          656,277,579             689,309,640                   Post Employment Benefits -
      - Biaya Kantor                               1,524,574,979            1,435,002,339                           Office Expenses -
      - Perijinan dan Lain-lain                      430,248,192             558,611,074                        Licensing and Others -
      - Penyusutan Aset Tetap dan Amortisasi         190,016,280             271,491,597      Fixed asset depreciation & Amortization -
      - Pos, Telepon dan Teleks, ATK                 217,000,131             190,520,376             Post, Telephone and Telex, ATK -
      - Perjalanan Dinas dan Transportasi            200,771,623             100,901,995          Business Travel and Transportation -
  Total                                            10,567,309,503            9,740,557,371                                         Total


27 PENDAPATAN DAN BEBAN LAIN-LAIN                                      27     OTHER INCOME AND EXPENSES

                                                30 September 2023 30 September 2022
                                                September 30, 2023 September 30, 2022
                                                       Rp.                     Rp.

  PENDAPATAN LAIN-LAIN                                                                                               OTHER INCOME
  -     Pendapatan Lain-lain                         294,425,579             249,347,795                              Other Income -
  Total                                               294,425,579             249,347,795                                        Total

  BEBAN LAIN-LAIN                                                                                                  OTHER EXPENSES
  -     Beban Lain-lain                              115,492,312            1,016,229,460                           Other Expenses -
  -     Beban Penyisihan Piutang Tak Tertagih                 -                137,532,124
  Total                                               115,492,312            1,153,761,584                                        Total




                                                                  48
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                       PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                       NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                       AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



28 PENDAPATAN DAN BEBAN KEUANGAN                                            28     FINANCIAL INCOME AND EXPENSES

                                                  30 September 2023 30 September 2022
                                                  September 30, 2023 September 30, 2022
                                                         Rp.                        Rp.

  PENDAPATAN KEUANGAN:                                                                                                    FINANCIAL INCOME :
   - Pendapatan Bunga Bank & Jasa Giro                  18,635,935                  34,127,342     Bank Interest Income & Current Acct Serv -
   - Pendapatan Selisih kurs                         1,831,513,120                         -                       Foreign Exchange Income -
  Total                                               1,850,149,055                 34,127,342                                              Total


  BEBAN KEUANGAN :                                                                                                      FINANCIAL EXPENSES :
   - Beban Bunga Pinjaman & Administrasi Bank        2,624,366,385               2,625,100,678     Interest Exp, Loans & Bank Administration -
   - Beban Selisih Kurs                                            -             8,590,410,951                     Foreign Exchange Income -
  Total                                               2,624,366,385              11,215,511,629                                             Total




29 ASET DAN LIABILITAS DALAM MATA UANG ASING                                29     ASSETS AND LIABILITIES IN FOREIGN CURRENCY

  Perusahaan mempunyai aset dan liabilitas moneter                                 The Company has monetary assets and liabilities
  dalam mata uang asing sebagai berikut:                                           denominated in foreign currencies as follows:



                                      30 September 2023                                31 Desember 2022
                                     September 30, 2023                                December 31, 2022
                                                      Ekuivalen                                       Ekuivalen
                                  TOTAL              /Equivalent                      TOTAL          /Equivalent
                                   USD                   Rp                            USD               Rp
  Aset                                                                                                                                    Assets
   - Kas dan Bank                    3,108.55           48,263,348                    2,623.96          41,277,514         Cash and Banks        -
  Total Aset                          3,108.55           48,263,348                    2,623.96            41,277,514               Total Assets


  Liabilitas                                                                                                                             Liability
   - Hutang PT. PPA              1,655,530.48       25,703,766,233                1,655,530.48      26,043,149,981        PT. PPA Payables      -
   - Hutang Bunga                1,718,426.44       26,680,288,908                1,718,426.44      27,032,566,328         Interest Payables    -
   - Hutang Usaha                  299,629.31        4,652,044,666                  263,591.99       4,146,565,595           Trade Payables     -
   - Hutang Lain-lain            4,869,357.12       75,601,638,646                4,869,357.12      76,599,856,855          Others Payables     -
  Total Liabilitas               8,542,943.35       132,637,738,453               8,506,906.03      133,822,138,759                Total Liability
  Total Bersih                   (8,539,834.80)     (132,589,475,105)            (8,504,282.07)     (133,780,861,245)                Total Netto




                                                                       49
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                     PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                        AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



30 PENGELOLAAN MODAL                                                           30   CAPITAL MANAGEMENT
   Struktur Modal Perusahaan adalah sebagai berikut:                                The Company's Capital Structure is as follows:

                                            30 September 2023                        31 Desember 2022
                                           September 30, 2023                        December 31, 2022
                                           Total          Persentase                Total         Persentase
                                            Rp.          / Persentage                Rp.          / Persentage
   Hutang                                                                                                                                     Liability
    - Jangka Pendek                     83,712,650,264       26.94%             82,945,385,834       27%                             Short Term      -
    - Jangka Panjang                   142,707,602,679       45.93%            140,951,825,869       45%                             Long Term       -
   Total Hutang                        226,420,252,943       72.88%            223,897,211,703       72%                                Total Liability


   Ekuitas                              84,260,680,892       27.12%             86,565,610,557       28%                                       Equity
   Total Hutang & Ekuitas              310,680,933,835       100.00%           310,462,822,260       100%                      Total Liability & Equity



   Tujuan pengelolaan modal Perusahaan adalah untuk                                 The purpose of managing the Company's capital is
   pengamanan          kemampuan            Perusahaan          dalam               to safeguard the Company's ability to continue as
   melanjutkan        kelangsungan         usaha      agar      dapat               a going concern in order to provide returns for
   memberikan         hasil    bagi    pemegang       saham       dan               shareholders and benefits to other stakeholders
   manfaat        kepada       berkepentingan        lainnya      dan               and to maintain an optimum capital structure to
   mempertahankan              struktur     permodalan           yang               minimize the cost of capital.
   optimum untuk meminimalkan biaya modal.

   Selain     harus    memenuhi         persyaratan       pinjaman,                 In addition to meeting the loan requirements, the
   Perusahaan juga harus mempertahankan struktur                                    Company must also maintain its capital structure
   permodalannya pada tingkat yang tidak beresiko                                   at a level that is not at risk to ratings and is on par
   terhadap peringkat dan setara dengan pesaingnya.                                 with its competitors.

   Rasio       hutang         terhadap       ekuitas         (dengan                Debt to equity ratio (by comparing interest bearing
   membandingkan              hutang      yang     dikenai      bunga               debt to total equity) is a ratio monitored by
   terhadap Total ekuitas) adalah rasio yang diawasi                                management to evaluate the Company's capital
   oleh      manajemen         untuk    mengevaluasi          struktur              structure and review the effectiveness of the
   permodalan Perusahaan dan mereview efektifitas                                   Company's debt, in order to obtain optimum debt.
   hutang Perusahaan, agar diperoleh hutang optimum.

   Rasio Hutang terhadap Ekuitas Perusahaan adalah                                  The Company's Debt to Equity Ratio is as follows:
   sebagai berikut:

                                                         30 September 2023 31 Desember 2022
                                                         September 30, 2023 December 31, 2022
                                                                 Rp.                 Rp.

   Total Hutang yang dikenai Bunga                           38,286,081,075     40,725,925,621                    Total Payables subject to Interest
   Kas dan Setara Kas                                        (2,415,779,450)    (1,717,276,418)                          Cash and cash equivalents
   Total Hutang Bersih                                       35,870,301,625     39,008,649,203                                 Total Payables Netto
   Total Ekuitas teratribusi kepada Pemilik                  84,260,680,892     86,565,610,557                   Total Equity Attributable to Owners
   Rasio hutang terhadap ekuitas bersih                         42.57%              45.06%                              Payables to net equity ratio




                                                                         50
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                  PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                   AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



31 KESlNAMBUNGAN USAHA                                                     31   BUSINESS CONTINUITY
   Langkah-langkah yang ditempuh oleh PT. Primarindo                            The steps taken by                 PT.    Primarindo     Asia
  Asia      lnfrastructure        Tbk.      ("Persero")      untuk              Infrastructure Tbk. ("Persero") to maintain business
  mempertahankan kesinambungan usaha antara lain                                continuity include:
  adalah:
  1 Mengelola persediaan agar mencapai Total persediaan                         1 Manage inventory in order to achieve optimum total
     optimum,                                                                      inventory,
   2 Mengoptimalkan Total produksi sejalan dengan proyeksi                      2 Optimizing     Total production in line with sales
     penjualan dan ketersediaan persediaan                                         projections and inventory availability
   3 Secara periodik melakukan evaluasi atas harga produk,                      3 Periodically evaluate product prices, adjusted to
     disesuaikan dengan kemampuan dan daya serap pasar                             market ability and absorption as well as competitors'
     serta harga produk pesaing,                                                  product prices,
   4 Melakukan promosi melalui media sosial                                     4 Promotion through social media
   5 Mengadakan bazar sepatu melalui kerjasama dengan                           5 Holding a shoe bazaar in collaboration with several
     beberapa mall di lokasi strategis,                                            malls in strategic locations,
   6 Mengintensifkan penjualan secara              online   melalui             6 Intensify online sales through increased cooperation
     peningkatan kerjasama dengan beberapa toko online                             with several other online stores
     lainnya
   7 Melakukan penghematan biaya melalui peningkatan                            7 Making cost savings through increasing efficiency and
     efisiensi dan produkifitas di segala bidang                                   productivity in all fields
   8 Menerima order pembuatan sepatu khusus dari beberapa                       8 Received orders for the manufacture of special shoes
     instansi di Indonesia, antara lain TNI dan POLDA, serta                       from several agencies in Indonesia, including the TNI
     dari perusahaan lokal lain di Indonesia                                       and POLDA, as well as from other local companies in
                                                                                   Indonesia
   9 Perusahaan         mengusahakan      pengajuan   penambahan                9 The company is trying to apply for additional credit
     fasilitas kredit                                                              facilities

32 TUJUAN DAN            KEBIJAKAN        RESIKO      MANAJEMEN             32 FINANCIAL MANAGEMENT RISK OBJECTIVES AND
   KEUANGAN                                                                    POLICIES
  lnstrumen keuangan pokok perusahaan terdiri dari                              The main financial instruments of the company
  kas dan setara kas, piutang usaha, piutang lain-lain,                         consist    of   cash    and     cash     equivalents,   trade
  asset lain-lain, hutang usaha dan beban yang masih                            receivables, other receivables, other assets, trade
  harus dibayar.                                                                payables and accrued expenses.

  Perusahaan       terpengaruh        terhadap     resiko   pasar,              The company is exposed to market risk, credit risk,
  risiko kredit,        risiko likuditas.     Manajemen senior                  liquidity risk. The company's senior management
  perusahaan mengawasi manajemen risiko atas risiko-                            oversees the risk management of those risks.
  risiko tersebut.

  Direksi     menelaah         dan       menyetujui     kebijakan               The Board of Directors reviews and approves the
  pengelolaan       risiko-risiko sebagaimana dirangkum                         risk management policies as summarized below:
  dibawah ini:

   Risiko Pasar                                                                 Market Risk
  Risiko Pasar adalah risiko nilai wajar arus kas di                            Market Risk is the risk of the fair value of future
  masa depan atas suatu instrumen keuangan, yang                                cash flows of a financial instrument, which will
  akan berfluktuasi karena perubahan harga pasar.                               fluctuate due to changes in market prices. Market
  Harga pasar mengandung risiko nilai tukar mata                                prices carry foreign currency exchange rate risk.
  uang asing. lnstrumen keuangan yang terutama                                  The financial instruments that are particularly
  terpengaruh       oleh     risiko   pasar    adalah     pinjaman              affected by market risk are short-term loans, cash
  jangka pendek, kas dan setara kas.                                            and cash equivalents.




                                                                      51
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PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                 PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                  AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022




32 TUJUAN DAN KEBIJAKAN                   RESIKO       MANAJEMEN             32 FINANCIAL MANAGEMENT RISK OBJECTIVES AND
   KEUANGAN (lanjutan)                                                          POLICIES (continued)


   Risiko Mata Uang Asing                                                      Foreign Currency Risk
  Risiko Mata Uang Asing adalah risiko nilai wajar arus                        Foreign Currency Risk is the risk of the fair value of
  kas      di    masa    depan    yang        berfluktuasi     karena          future cash flows that fluctuate due to changes in
  perubahan kurs mata uang asing. Pendapatan valuta                            foreign     currency     exchange     rates.     Foreign
  asing dari kegiatan ekspor merupakan lindung nilai                           exchange earnings from export activities are an
  yang efektif terhadap biaya-biaya Perusahaan dalam                           effective hedge against the Company's expenses
  mata uang asing. Perusahaan akan membeli valuta                              in foreign currencies. The company will purchase
  asing         secara   tunai    (spot)       untuk     melakukan             foreign currency in cash (spot) to make payments
  pembayaran atas sisa biaya-biaya dalam mata uang                             for the remaining costs in foreign currency that are
  asing yang tidak terlindungi nilai.                                          not hedged.

   Risiko Kredit                                                               Credit Risk
  Risiko Kredit adalah risiko dimana lawan transaksi                           Credit risk is the risk that the counterparty will not
  tidak akan memenuhi kewajibannya berdasarkan                                 fulfill its obligations under a financial instrument or
  instrumen keuangan atau kontrak pelanggan, yang                              customer contract, which results in a financial loss.
  menyebabkan            kerugian       keuangan.       Perusahaan             The Company is only exposed to credit risk from
  hanya terkena risiko kredit dari kegiatan operasi                            operating activities related to sales. Customer
  yang berhubungan dengan penjualan. Risiko kredit                             credit risk is managed by the Board of Directors in
  pelanggan         dikelola    oleh    Direksi    sesuai    denqan            accordance with Company policies, established
  kebijakan Perusahaan, prosedur dan pengendalian                              procedures and controls relating to customer credit
  yang      telah    ditetapkan        yang    berkaitan     dengan            risk   management.       The    customer's     receivable
  manajemen risiko kredit pelanggan. Posisi piutang                            position is regularly monitored.
  pelanggan dipantau secara teratur.

   Risiko Likuiditas                                                           Liquidity Risk
  Manajemen risiko likuiditas yang berhati-hati berarti                        Prudent      liquidity   risk   management        means
  mempertahankan kas dan setara kas yang memadai                               maintaining adequate cash and cash equivalents
  untuk mendukung              kegiatan bisnis       secara tepat              to support business activities on a timely basis.
  waktu. Perusahaan menjaga keseimbangan antara                                The company maintains a balance between the
  kesinambungan penagihan piutang serta melalui                                continuity of collection of accounts receivable and
  fleksibilitas penggunaan pinjaman bank mengelola                             managing liquidity risk through the flexibility of
  risiko likuiditas.                                                           using bank loans.

   Risiko Tingkat Suku Bunga atas Arus Kas                                     Interest Rate Risk of Cash Flows
  Risiko Tingkat Suku Bunga atas Arus Kas adalah                               Interest Rate Risk on Cash Flows is the risk that
  risiko        dimana   arus    kas     dimasa        depan    akan           future cash flows will fluctuate due to changes in
  berfluktuasi karena perubahan tingkat suku bunga                             market interest rates. The Company is exposed to
  pasar. Perusahaan terpengaruh risiko perubahan                               the risk of changes in market interest rates mainly
  suku bunga pasar terutama terkait dengan kas dan                             related to cash and cash equivalents and short-
  setara kas dan pinjaman jangka pendek.                                       term loans.




                                                                        52
Page 56
PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                                              PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                                              NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                                             AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



33 INSTRUMEN KEUANGAN                                                               33 FINANCIAL INSTRUMENTS
  Nilai   wajar    didefinisikan       sebagai          total    dimana                  Fair value is defined as the amount at which the
  instrumen tersebut dapat dipertukarkan di dalam                                        instrument can be exchanged in a short-term
  transaksi      jangka       pendek      antara         pihak      yang
                                                                                         transaction between willing and knowledgeable
  berkeinginan       dan      memiliki      pengetahuan             yang
                                                                                         parties through an arm's length transaction, other
  memadai melalui suatu transaksi yang wajar, selain
                                                                                         than in a forced sale or sale of liquidity. Fair value
  dalam penjualan terpaksa atau penjualan likuiditas.
  Nilai wajar didapatkan dari kuotasi harga pasar,                                       is obtained from quoted market prices, discounted
  modal arus kas diskonto dan modal penentuan harga                                      cash flow capital and option pricing capital.
  opsi yang sewajarnya.

  lnstrumen keuangan yang disajikan di dalam laporan                                     Financial instruments presented in the statement
  posisi keuangan dicatat sebesar nilai wajar, atau                                      of financial position are recorded at fair value, or
  sebaliknya, disajikan dalam modal tercatat apabila                                     vice versa, presented in recorded capital if the
  total tersebut mendekati nilai wajarnya atau nilai                                     total is close to fair value or the fair value cannot
  wajarnya tidak dapat di ukur secara handal.                                            be measured reliably.

  Tabel dibawah ini menyajikan perbandingan atas                                         The table below presents a comparison of the
  nilai tercatat dengan nilai wajar dari instrumen                                       carrying       amount     with     the   fair    value    of   the
  keuangan Perusahaan yang tercatat dalam laporan
                                                                                         Company's financial instruments recorded in the
  keuangan.
                                                                                         financial statements.

                                              30 September 2023                              31 Desember 2022
                                              September 30, 2023                             December 31, 2022
                                       Nilai Tercatat            Nilai Wajar         Nilai Tercatat         Nilai Wajar
                                   /Carrying Value               /Fair Value        /Carrying Value         /Fair Value
  Aset Keuangan                                                                                                                            Financial Assets
  Kas dan Setara Kas                    2,415,779,450            2,415,779,450        1,717,276,418         1,717,276,418 Cash and cash equivalents
  Piutang :                                                                                                                           Receivables :
   - Piutang Usaha                      3,064,550,741            3,064,550,741        6,300,348,620         6,300,348,620     Trade Receivables -
   - Piutang Lain-lain                  4,549,754,408            4,549,754,408        4,549,754,408         4,549,754,408    Others Receivables -
  Aset Lain-lain                        1,309,792,837            1,309,792,837        1,554,487,614         1,554,487,614            Others Assets
  Total Aset Keuangan                  11,339,877,436           11,339,877,436       14,121,867,060        14,121,867,060          Total Financial Assets


  Liabilitas Keuangan                                                                                                                     Financial Liability
  Hutang Usaha                         17,639,250,319           17,639,250,319       18,949,783,391        18,949,783,391                  Trade Payables
  Beban Akrual                         17,555,556,226           17,555,556,226       18,382,328,805        18,382,328,805                Accrual Expenses
  Total Liabilitas Keuangan            35,194,806,545           35,194,806,545       37,332,112,196        37,332,112,196          Total Financial Liability


  Metode dan asumsi yang digunakan untuk estimasi                                        The methods and assumptions used to estimate
  nilai wajar :                                                                          fair value:


  Nilai wajar kas dan setara kas, piutang usaha,                                         The fair values of cash and cash equivalents, trade
  piutang lain-lain, aset lainnya, hutang usaha dan                                      receivables, other receivables, other assets, trade
  beban yang masih harus dibayar mendekati nilai                                         payables and accrued expenses approximate their
  tercatat karena jangka waktu yang pendek atas                                          carrying amounts due to the short term of these
  instrumen keuangan tersebut.                                                           financial instruments.




                                                                               53
Page 57
PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.                                PT. PRIMARINDO ASIA INFRASTRUCTURE, Tbk.
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE FINANCIAL STATEMENTS
TANGGAL 30 SEPTEMBER 2023 DAN 31 DESEMBER 2022                    AS OF SEPTEMBER 30, 2023 AND DECEMBER 31, 2022



34 INFORMASI LAINNYA                                           34 OTHERS INFORMATION
  Sesuai   dengan   surat   nomor   063/PAI-Dir/IX/2023          In   accordance     with    letter    number    063/PAI-
  tanggal 25 September 2023 Perusahaan mengajukan                Dir/IX/2023    dated      September    25     2023,    the
  Permohonan Penjadwalan Kembali Hutang kepada                   Company       submitted    an   Application    for    Debt
  PT. Perusahaan Pengelola Aset yang semula akan                 Rescheduling to PT. Perusahaan Pengelola Aset
  jatuh tempo pada akhir tahun 2024 menjadi akhir                which was originally due at the end of 2024 will
  tahun 2028.                                                    now be the end of 2028.

  Sampai dengan tanggal laporan, permohonan masih                As of the report date, the application is still in the
  dalam tahap pembahasan                                         discussion stage

35 PERISTIWA SETELAH TANGGAL NERACA                            35 SIGNIFICANT EVENTS AFTER THE BALANCE SHEET
                                                                 DATE
  Tidak ada peristiwa penting setelah tanggal Neraca             There are no important events after the balance
                                                                 sheet date




                                                          54

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