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Page 1
Laporan Tahunan 2021 Annual Report
Page 2
                                                                                                                                                                        Tentang Laporan
                                                                                                                                                                        Tahunan 2021
                                                                                                                                                                        About The 2021 Annual Report

          Sanggahan dan Batasan                                                                                                                                         Selamat datang di Laporan Tahunan 2021

          Tanggung Jawab
                                                                                                                                                                        PT Bukit Uluwatu Villa Tbk.


          Disclaimer                                                                                                                                                    Laporan Tahunan ini merupakan salah satu sarana dalam
                                                                                                                                                                        meningkatkan keterbukaan informasi Perseroan kepada
          Laporan Tahunan ini berisi informasi umum tentang PT Bukit Uluwatu Villa Tbk dan anak                                                                         otoritas terkait serta pemangku kepentingan lainnya. Laporan
          usaha selama tahun buku 2021. Laporan Tahunan ini dimaksudkan hanya untuk tujuan                                                                              Tahunan PT Bukit Uluwatu Villa Tbk untuk tahun buku yang
          informasi. Informasi yang terkandung dalam Laporan Tahunan ini bukan penawaran untuk                                                                          berakhir pada 31 Desember 2021 ini diterbitkan sesuai dengan
          menjual atau permintaan penawaran untuk membeli minat dalam dana apa pun yang dikelola                                                                        Peraturan Otoritas Jasa Keuangan No. 29/POJK.04/2016
          oleh Perseroan, juga tidak dimaksudkan untuk menyediakan investasi, pajak, nasihat hukum                                                                      tentang Laporan Tahunan Emiten atau Perusahaan Publik dan
          atau keuangan. Tanpa mengurangi sifat umum Laporan Tahunan, Perseroan tidak menjamin                                                                          Surat Edaran Otoritas Jasa Keuangan No.30/SEOJK.04/2016
          atau menyatakan bahwa informasi atau pendapat yang terkandung dalamnya adalah akurat                                                                          tentang Bentuk dan Isi Laporan Tahunan Emiten atau
          atau lengkap. Perkiraan, strategi, dan pandangan yang diungkapkan dalam Laporan Tahunan                                                                       Perusahaan Publik. Laporan Tahunan ini dapat dilihat dan
          ini didasarkan pada kondisi pasar masa lalu atau saat ini dan/atau data dan informasi yang                                                                    diunduh di situs resmi Perseroan yaitu www.buvagroup.com.
          diberikan oleh pihak ketiga yang tidak terafiliasi (yang belum diverifikasi secara independen)
          dan dapat berubah tanpa pemberitahuan. Laporan Tahunan ini memuat kata “Perseroan” dan
                                                                                                                                                                        Welcome to the 2021 Annual Report of
          “BUVA” yang didefinisikan sebagai PT Bukit Uluwatu Villa Tbk yang merupakan pengembang
                                                                                                                                                                        PT Bukit Uluwatu Villa Tbk.
          terkemuka yang berfokus pada hotel dan resor ramah lingkungan.

          This Annual Report contains general information about PT Bukit Uluwatu Villa Tbk. and subsidiaries                                                            This Annual Report is one of the means in improving the
          for the 2021 fiscal year and intended only for information purposes. The information in this                                                                  Company’s information disclosure to the relevant authorities
          Annual Report should not be treated as an offering to sell or request a purchase agreement                                                                    and other stakeholders. This Annual Report of PT Bukit Uluwatu
          in any funds regarding anything that the Company is managing, also not intended to provide                                                                    Villa Tbk for the fiscal year ended December 31, 2021 is issued
          advice regarding investment, tax, legal or finance. Without prejudice to the general nature of the                                                            in accordance with the Financial Services Authority Regulation
          Annual Report, the Company does not guarantee or state that the information or opinion in this                                                                No. 29/POJK.04/2016 concerning Annual Reports of Issuers or
          Annual Report is accurate or complete. Estimation, strategies and the opinions expressed in                                                                   Public Companies and Circular Letter of the Financial Services
          this Annual Report are based on past or current market conditions and/or data and information                                                                 Authority No.30/SEOJK.04/2016 concerning Form and Content
          provided by an unaffiliated third party (which has not been verified independently) and are                                                                   of Annual Reports of Issuers or Public Companies. This Annual
          subject to change without notice. This Annual Report contains the words “Company” and
                                                                                                                                                                        Report can be viewed and downloaded on the Company’s official
          “BUVA” which are defined as PT Bukit Uluwatu Villa Tbk, which is a leading developer focusing
                                                                                                                                                                        website, www.buvagroup.com.
          on environmentally friendly hotels and resorts.




PT Bukit Uluwatu Villa Tbk                                      2                             Laporan Tahunan 2021 Annual Report   Annual Report 2021 Laporan Tahunan                   3                                   PT Bukit Uluwatu Villa Tbk
Page 3
Daftar Isi
Table of Contents




                                                                                                                          04
                                                                                                                                                                                          Realisasi Penggunaan Dana Hasil                          82
                                                                                                                                                                                          Penawaran Umum
                                                                                                                                                                                          Realization of Proceeds from Public Offering
 Sanggahan dan Batasan Tanggung Jawab               2                                                                                  SUMBER DAYA MANUSIA                                Perubahan Peraturan Perundang-Undangan Dan               82
 Disclaimer                                                                                                                            Human Resources                                    Dampak Terhadap Perseroan
 Tentang Laporan Tahunan 2021                       3                                                                                                                                     Changes To Legal Regulations And Impact On The
 About 2021 Annual Report                                                                                                                                                                 Company
                                                                                                                           Strategi Pengelolaan SDM                              62
                                                                                                                           HR Management                                                  Perubahan Kebijakan Akuntansi                            82




                                                             03
                                                                                                                                                                                          Changes in Accounting Policies
                                                                                                                           Penilaian Kinerja SDM                                 63
                                                                                                                           HR Performance Assesment




                                                                                                                          05                                                              06
                                                                          PROFIL PERUSAHAAN
                                                                          Company Profile
                                                                                                                                       ANALISA DAN PEMBAHASAN
                                                                                                                                       MANAJEMEN                                                      TATA KELOLA PERUSAHAAN
                                                             Identitas Perusahaan                                  28
                                                             Company Identity                                                          Management Discussion And Analysis                             Corporate Governance
                                                             Riwayat Singkat                                       30
                                                             Brief History                                                 Tinjauan Umum                                         65       Landasan Tata Kelola Perseroan                           84
                                                             Jejak Langkah                                         31      General Overview                                               Platform for GCG
                                                             Milestone                                                     Tinjauan Keuangan                                     69       Kebijakan Tata Kelola                                    84
                                                                                                                           Financial Overview                                             Governance Policy




01
                                                             Visi & Misi                                           32
                                                             Vision and Mission                                            Laporan Laba Rugi Dan Penghasilan                     73       Tujuan Penerapan GCG                                     84
                                                             Bidang Usaha, Produk, dan Jasa                        33      Komprehensif Lain Konsolidasian                                Objectives of GCG Implementation
                                                             Business Segments, Products and Services                      Statement Of Consolidated Profit Or LossAnd Other              Kerangka Kerja Penerapan Tata Kelola Perseroan           85
               IKHTISAR 2021                                                                                               Comprehensive Income                                           Framework of Corporate Governance
                                                             Struktur Organisasi                                   40
               2021 Highlights                               Organizational Structure                                      Kemampuan Membayar Utang                              77       Implementation
                                                                                                                           Ability to Pay Debts                                           Rapat Umum Pemegang Saham                                86
                                                             Keanggotaan Asosiasi                                  40
                                                             Membership of Associates                                      Tingkat Kolektabilitas Piutang                        77       General Meeting of Shareholders (GMS)
 Kinerja                                            8
 Performance                                                                                                               Collectibility Ratio                                           Dewan Komisaris                                          86
                                                             Profil Direksi                                        41
                                                             Board of Directors Profile                                    Ikatan Material Terkait Investasi Barang Modal        78       Board of Commissioners
 Ikhtisar Keuangan                                  9
 Financial Highlights                                                                                                      Material Commitment On Capital Goods Investment                Keberagaman Komposisi Dewan Komisaris                    87
                                                             Profil Dewan Komisaris                                45
                                                             Board of Commissioners Profile                                Informasi Material Mengenai Investasi, Ekspansi,      78       Composition Diversity of the Board of
 Ikhtisar Saham                                     13
                                                                                                                           Divestasi, Akuisisi, Atau Restrukturisasi Utang Dan            Commissioner
 Stock Highlights                                            Demografi Karyawan                                    51      Modal                                                          Piagam Dewan Komisaris                                   88
                                                             Employee Demographics                                         Material Information On Investment, Expansion,




02
                                                                                                                                                                                          Board of Commissioners Charter
                                                             Wilayah Operasi                                       53      Divestment, Acquisition Or Capital And Debt
                                                             Areas of Operations                                           Restructuring                                                  Komisaris Independen                                     89
                                                                                                                                                                                          Independent Commissioner
                                                             Komposisi Pemegang Saham                              54      Informasi Transaksi Material Yang Mengandung          78
                                                             Shareholders Composition                                      Benturan Kepentingan Dan/Atau Transaksi Dengan                 Direksi                                                  90
               LAPORAN MANAJEMEN                                                                                                                                                          Board of Directors
                                                                                                                           Pihak Afiliasi
               Management Report                             Kronologis Pencatatan Saham                           56
                                                                                                                           information on material transactions containing                Piagam Direksi                                           91
                                                             Chronological Listing of Shares
                                                                                                                           conflict of interest and/or transactions with                  Board of Directors Charter
 Laporan Dewan Komisaris                            16       Struktur Grup Perusahaan                              56      affiliated parties
                                                             Corporate Structure                                                                                                          Rapat Dewan Komisaris & Direksi                          94
 The Board of Commissioners Report                                                                                         Prospek Usaha                                         80       Meetings of The Board of Commissioners & Board
 Laporan Direksi                                    21       Entitas Anak                                          57      Business Outlook                                               of Directors
 Board of Directors Report                                   Subsidiaries
                                                                                                                           Aspek Pemasaran                                       81       Nominasi Dan Remunerasi Direksi                          96
 Pernyataan Pertanggungjawaban Dewan                26       Lembaga Profesi dan Penunjang Pasar Modal             58      Marketing Aspect                                               Dan Dewan Komisaris
 Komisaris dan Direksi PT Bukit Uluwatu Villa Tbk            Capital Market Supporting Institutions and                                                                                   Nomination And Remuneration Of Board Of
                                                                                                                           Dividen dan Kebijakan Dividen                         81
 Statement of Responsibility from Board of                   Professionals                                                                                                                Directors And Board Of Commissioners
                                                                                                                           Dividend and Dividend Policy
 Commissioners and Board of Directors of PT Bukit            Penghargaan dan Sertifikasi                           59                                                                     Informasi Mengenai Pemegang Saham Utama &                99
 Uluwatu Villa Tbk                                           Awards and Certifications                                                                                                    Pengendali
                                                                                                                                                                                          Information Regarding Major and Controlling
                                                                                                                                                                                          Shareholders


PT Bukit Uluwatu Villa Tbk                               4                           Laporan Tahunan 2021 Annual Report   Annual Report 2021 Laporan Tahunan                          5                                      PT Bukit Uluwatu Villa Tbk
Page 4
                                                                                                                                                                                  01
                                                         07           LAPORAN KEBERLANJUTAN
                                                                      Sustainability Report

                                                         Strategi Keberlanjutan                               129
                                                         Sustainability Strategies
                                                         Profil Perusahaan                                    130
                                                         Company Profile
                                                         Penjelasan Direksi                                   131
                                                         Explanation From the Board of Directors
                                                         Tata Kelola Keberlanjutan                            134
                                                         Sustainability Governance
                                                         Aspek Lingkungan                                     138
 Komite Audit                                  100       Environmental Aspect
 Audit Committee
                                                         Aspek Sosial                                         140
 Komite Nominasi dan Remunerasi                103       Social Aspect
 Nomination and Remuneration Committee
 Sekretaris Perseroan                          109
 Corporate Secretary




                                                         08
 Audit Internal                                111
 Internal Audit
 Sistem Pengendalian Internal                  113
 Internal Control System                                              LAPORAN KEUANGAN AUDIT
 Sistem Manajemen Risiko                       115                    Audited Financial Statements
 Risk Management System
 Kebijakan Manajemen Risiko                    115
 Risk Management Policy
 Perkara Hukum                                 117
 Lawsuit
 Kode Etik                                     117


                                                                                                                                                               Ikhtisar 2021
 Code of Conduct
 Kebijakan Anti Korupsi                        120
 Anti Corruption Policy
 Penerapan Tata Kelola Perseroan Terbuka
 Implementation Of Public Company Governance
                                               120                                                                                                                2021 Highlights




PT Bukit Uluwatu Villa Tbk                           6                           Laporan Tahunan 2021 Annual Report   Annual Report 2021 Laporan Tahunan   7           PT Bukit Uluwatu Villa Tbk
Page 5
    Ikhtisar 2021 | 2021 Highlights                                                                                                                                                            Ikhtisar 2021 | 2021 Highlights




Kinerja                                                                                             Ikhtisar Keuangan
Performance                                                                                         Financial Highlights




  9,57%
-                                                                                                    Laba (Rugi) dan Penghasilan Komprehensif Lain Konsolidasian
                                                                                                     Consolidated Profit (Loss) and Other Comprehensive Income
                                                                                                     Dalam Rp Miliar                                                                                             In Billion Rupiah

                                                                                                                                                                                                              Pertumbuhan
                                                                                                               URAIAN
                                                                                                                                     2021             2020              2019       2018        2017              Growth
                                                                                                              Description
                                                                                                                                                                                                              2020-2021 (%)
Penjualan dan Pendapatan
                                                                                                     Pendapatan
Sales and Revenue                                                                                    Revenue
                                                                                                                                          61,4             67,9           612,7      488,8            252                -9,57%

Penjualan dan Pendapatan Perseroan di tahun 2021                                                     Beban Pokok Pendapatan
                                                                                                                                         (27,4)          (36,2)           266,5      193,7           86,6              -24,03%
sebesar Rp61,4 miliar, turun sebesar 9,57% dari tahun                                                Cost of Revenue
2020 yang mencetak nilai penjualan dan pendapatan                                                    Laba Bruto Gross Profit              34,0             31,7           346,2      295,1         165,4                  7,26%
sebesar Rp67,9 miliar.
                                                                                                     Beban Usaha
                                                                                                                                         111,6            130,0           391,5      205,1         163,6               -14,15%
The Company’s Sales and Revenue in 2021 amounted                                                     Operating Expenses
to IDR61.4 billion, a decrease of 9.57% from 2020 which                                              Laba (rugi) Usaha
posted sales and revenue of Rp67.9 billion.                                                                                             (188,9)       (1.067,5)           (45,4)          90          1,8              -82,30%
                                                                                                     Operating Income (Loss)




  82,31%
-
                                                                                                     Laba (Rugi) Sebelum Pajak
                                                                                                     Final dan Beban Pajak
                                                                                                     Penghasilan
                                                                                                                                        (361,4)       (1.179,2)          (118,3)          22       (38,7)              -69,35%
                                                                                                     Income (Loss) Before
                                                                                                     Final Tax and Income Tax
                                                                                                     Expense

                                                                                                     Laba (Rugi) Tahun Berjalan
                                                                                                                                        (361,0)       (1.189,6)          (113,4)      13,9         (39,1)              -69,65%
                                                                                                     Income (Loss) for the year
Laba (Rugi) Tahun Berjalan
                                                                                                     Laba (Rugi) Tahun Berjalan yang dapat didistribusikan kepada
Profit (Loss) for the Year                                                                           Income (Loss) for the year Attributable to

Perseroan membukukan rugi bersih sebesar Rp361,0                                                     Pemilik Entitas Induk
miliar di tahun 2021, turun sebesar 82,31% dari rugi                                                 Equity Holders of Parent           (346,6)         (901,9)           (50,5)      32,6         (36,5)              -61,57%
                                                                                                     Entity
bersih tahun 2020 senilai Rp1.189,6 miliar.
                                                                                                     Kepentingan Non
The Company recorded a net loss of IDR 361.0 billion in                                              Pengendali                          (14,4)         (287,7)           (62,9)     (18,8)         (2,6)              -94,99%
2021, a decrease of 82.31% from the 2020 net loss of IDR                                             Non-Controlling Interest
1,189.6 billion.
                                                                                                     Total Penghasilan (Rugi)
                                                                                                     Komprehensif Tahun




  18,20%
-
                                                                                                     Berjalan                           (358,1)       (1.420,5)          (114,6)     252,1         (22,9)              -74,79%
                                                                                                     Total Comprehensive
                                                                                                     Income for the Year

                                                                                                     EBITDA                           (143,90)        (1.020,1)            55,5      141,3           59,8                      —

                                                                                                     Laba (Rugi) Komprehensif yang dapat didistribusikan kepada
                                                                                                     Comprehensive Income (Loss) Attributable to

Total Aset                                                                                           Pemilik Entitas Induk
Total Assets                                                                                         Equity Holders of Parent
                                                                                                     Entity
                                                                                                                                        (343,6)       (1.132,8)           (50,5)      32,6         (36,5)              -69,67%


Jumlah aset Perseroan sebesar Rp1.862,9 miliar di tahun                                              Kepentingan Non
2021, turun sebesar 18,20% dari tahun 2020 senilai                                                   Pengendali                          (14,5)         (287,7)           (62,8)     (18,8)         (2,6)              -94,96%
Rp2.277,2 miliar.                                                                                    Non-Controlling Interest

The Company’s total assets amounted to Rp1,862.9 billion
in 2021, a decrease of 18.20% from 2020 of Rp2,277.2
billion.




PT Bukit Uluwatu Villa Tbk                                 8   Laporan Tahunan 2021 Annual Report   Annual Report 2021 Laporan Tahunan                              9                                 PT Bukit Uluwatu Villa Tbk
Page 6
  Ikhtisar 2021 | 2021 Highlights                                                                                                                                                                                                  Ikhtisar 2021 | 2021 Highlights




 Laporan Posisi Keuangan Konsolidasian                                                                                                              Rasio-Rasio Keuangan Penting
 Consolidated Statement of Financial Position                                                                                                       Significant Financial Ratios
 Dalam Rp Miliar                                                                                                               In Billion Rupiah    Dalam Rp Miliar                                                                                  In Billion Rupiah

                                                                                                                           Pertumbuhan                                     URAIAN
          URAIAN                                                                                                                                                                                    2021        2020      2019           2018             2017
                                      2021        2020             2019                2018              2017                 Growth                                      Description
         Description
                                                                                                                           2020-2021 (%)
                                                                                                                                                    Laba Tahun Berjalan/Penjualan dan Pendapatan
                                                                                                                                                                                                    (587,8)      (18,5)     2,8           (15,5)              5,4
 Total Aset Total Assets              1.862,9    2.277,2           4.190,5             4.106,7           3.284,3                  -18,19%           Profit for the Current Year/Sales and Revenue

 Aset Lancar Current Assets             71,5       139,8              388,2               388,2             523,7                 -48,86%           Rasio Keuangan Financial Ratios

 Aset Tidak Lancar                                                                                                                                  Aset Lancar/Kewajiban Lancar (x)
                                      1.791,4    2.137,4           3.802,3             3.718,5           2.760,6                  -16,19%                                                               4,0         0,1     0,3             0,4               0,5
 Non-Current Assets                                                                                                                                 Current Assets / Current Liabilities

 Total Liabilitas                                                                                                                                   Laba Tahun Berjalan/Total Aset
                                      1.826,5    1.815,5           1.962,7             1.787,4           1.574,9                     0,61%                                                           (19,4)      (52,2)    (2,7)            0,3             (1,2)
 Total Liabilities                                                                                                                                  Income for the Current Year/Total Assets

 Liabilitas Jangka Pendek                                                                                                                           Laba Tahun Berjalan/Total Ekuitas
                                      1.795,1    1.708,1           1.373,2             1.094,0           1.085,7                     5,09%                                                          (992,0)     (257,7)    (5,1)            0,6             (2,3)
 Short-term Liabilities                                                                                                                             Income for the Current Year/Equity

 Liabilitas Jangka Panjang                                                                                                                          Penjualan dan Pendapatan/Total Aset (x)
                                        31,3       107,4              589,5               693,3             489,2                  -70,86%                                                              3,3         0,0     0,1             0,1               0,1
 Long-term Liabilities                                                                                                                              Sales and Revenues/Total Assets
 Total Ekuitas Total Equity             36,4       461,7           2.227,8             2.319,4           1.709,4                   -92,12%          Total Aset/Total Ekuitas (x)
                                                                                                                                                                                                      51,2          4,9     1,9             1,8               1,9
                                                                                                                                                    Total Assets/Total Equity
 Total Ekuitas yang dapat didistribusikan kepada Total Equity Attributed to
                                                                                                                                                    Total Liabilitas/Total Ekuitas (x)
 Pemilik Entitas Induk                                                                                                                                                                                50,2          3,9     0,9             0,8               0,9
                                                                                                                                                    Total Liabilities/Total Equity
 Equity Holders of Parent              190,5       534,2           1.765,0             1.802,2           1.474,2                   -64,34%
 Entity                                                                                                                                             Total Liabilitas/Total Aset (x)
                                                                                                                                                                                                        1,0         0,8     0,5             0,4               0,5
                                                                                                                                                    Total Liabilities/Total Assets


 Rasio-Rasio Keuangan Penting
 Significant Financial Ratios
 Dalam Rp Miliar                                                                                                               In Billion Rupiah

                         URAIAN
                                                            2021                2020              2019              2018            2017
                        Description

 Rasio Pertumbuhan Growth Ratio

 Pendapatan Revenue                                           (9,5)              (88,9)             25,3              94,0              6,5

 Laba Bruto Gross Profit                                       7,2               (90,8)             17,3              78,5             12,3

 Laba Usaha Operating Profit                                 (82,3)            2.251,3            (150,4)           4.790,1          (96,9)

 Laba (Rugi) Tahun Berjalan
                                                             (69,7)              949,0            (918,7)            135,4         (408,4)
 Income (Loss) for the Current Year

 Total Aset Total Assets                                     (18,2)            (45,66)                2,0             25,0             10,5

 Total Liabilitas Total Liabilities                            0,6                (7,5)               9,8             13,5             24,7

 Total Ekuitas Total Equity                                  (92,1)              (79,3)             (3,9)             35,7            (0,1)

 Rasio Profitabilitas Profitability Ratio

 Laba Bruto/Penjualan dan Pendapatan
                                                              55,3                46,7              56,5              60,4             65,6
 Gross Profit/Sales and Revenues

 Laba Usaha/Penjualan dan Pendapatan
                                                           (307,5)            (1.572,2)             (7,4)             18,4              0,7
 Operating Profit/Sales and Revenues




PT Bukit Uluwatu Villa Tbk                                         10                                  Laporan Tahunan 2021 Annual Report          Annual Report 2021 Laporan Tahunan                      11                             PT Bukit Uluwatu Villa Tbk
Page 7
  Ikhtisar 2021 | 2021 Highlights                                                                                                                                                                                                                 Ikhtisar 2021 | 2021 Highlights




Grafik Ikhtisar Keuangan
Financial Highlights Graph
­—
PENJUALAN & PENDAPATAN                                                LABA BRUTO                                                Ikhtisar Saham
Sales & Revenue                                                       Gross Profit                                              Stock Highlights
                                                                                                                                Dalam Rp Miliar                                                                                                                      In Billion Rupiah
2021                                   61,4                           2021                       34,0
                                                                                                                                                                                      2021                                                           2020
                                                                                                                                     Segmen Usaha
2020                                   67,9                           2020                       31,7                               Business Segment          Pendapatan              Laba            Aset              Pendapatan              Laba                 Aset
                                                                                                                                                               Revenue                Profit         Assets              Revenue                Profit              Assets
2019                                   612,7                          2019                       346,2
                                                                                                                                Hotel                             61.422,5          (394.518,6)       920.708,3            67.905,9          (1.659.675,8)             1.166.683,9
2018                                   488,8                          2018                       295,1                          Gaya Hidup, Rekreasi,
                                                                                                                                Hiburan
2017                                   252                            2017                       165,4                          Lifestyle, Leisure,
                                                                                                                                                                           -                   -                    -                -                   -                              -
                                                                                                                                Entertainment
(Rp Miliar/in Billion Rupiah)                                         (Rp Miliar/in Billion Rupiah)                             Real Estate                                -          (64.924,5)      238.798,7                      -        (409.835,9)                 604.403,8

                                                                                                                                Eliminasi
                                                                                                                                                                           -            98.431,3      703.352,4                      -          879.913,3                 506.132,5
                                                                                                                                Elimination

                                    LABA (RUGI) TAHUN BERJALAN                                                                  Total                             61.422,5           -361.011,8     1.862.859,4            67.905,9          (1.189.598,4)             2.277.220,2
                                    Operating Income (Loss) For the Current Year

                                                                                                                                Informasi Saham
                                    2021                      -361,0                                                            Stock Information

                                    2020                      -1.190                                                                                    Jumlah Saham
                                                                                                                                                                         Kapitalisasi
                                                                                                                                                           Beredar                                                       Harga (Rp)                                   Volume
                                                                                                                                                                           Pasar
                                                                                                                                                          Number of                                                      Price (Rp)                                Perdagangan
                                    2019                      -113,4                                                                                     Outstanding
                                                                                                                                                                           Market
                                                                                                                                                                                                                                                                  Trading Volume
                                                                                                                                        Periode                         Capitalization
                                                                                                                                        Period             Shares
                                    2018                      13,9
                                                                                                                                                                               (Rp miliar)
                                                                                                                                                    (Lembar Saham)                                 Tertinggi              Terendah               Penutupan         (Lot Saham)
                                                                                                                                                                                (In billion
                                    2017                      -39,1                                                                                    (In Shares)
                                                                                                                                                                                 Rupiah)
                                                                                                                                                                                                    Highest                Lowest                 Closing           (Share Lot)


                                    (Rp Miliar/in Billion Rupiah)                                                                                                                                  2021
                                                                                                                                Triwulan I
                                                                                                                                                        6.811.269.200                    511                   82                    50                      75       83.145.900
                                                                                                                                Quarter I
TOTAL PENGHASILAN (RUGI)                                                                                                        Triwulan II
                                                                                                                                                        6.811.269.200                    429                   91                    58                      63     466.605.800
KOMPREHENSIF TAHUN BERJALAN                                                                                                     Quarter II
Total Comprehensive Income (Loss)                                     TOTAL ASET                                                Triwulan III
                                                                                                                                                        6.811.269.200                    409                   66                        -                   60       28.125.600
for the Current Year                                                  Total Assets                                              Quarter III

                                                                                                                                Triwulan IV
                                                                                                                                                        6.811.269.200                    409                    -                        -                   60                     -
                                                                                                                                Quarter IV
2021                           -358,1                                 2021                                     1.862,9
                                                                                                                                                                                                   2020
2020                           -1.421                                 2020                                     2.277,2          Triwulan I
                                                                                                                                                        6.811.269.200                    395                   93                    50                      58       16.373.800
                                                                                                                                Quarter I
2019                           -114,6                                 2019                                     4.190,5
                                                                                                                                Triwulan II
                                                                                                                                                        6.811.269.200                    388                   71                    52                      57        6.437.400
2018                           252,1                                  2018                                     4.106,7          Quarter II

                                                                                                                                Triwulan III
2017                           -22,9                                  2017                                     3.284,3          Quarter III
                                                                                                                                                        6.811.269.200                    361                   67                    50                      53        6.802.400

                                                                                                                                Triwulan IV
(Rp Miliar/in Billion Rupiah)                                         (Rp Miliar/in Billion Rupiah)                             Quarter IV
                                                                                                                                                        6.811.269.200                    375                   71                    50                      55       12.584.200




PT Bukit Uluwatu Villa Tbk                                    12                          Laporan Tahunan 2021 Annual Report   Annual Report 2021 Laporan Tahunan                                   13                                                   PT Bukit Uluwatu Villa Tbk
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  Ikhtisar 2021 | 2021 Highlights




Bursa Efek Indonesia (BEI) memberlakukan suspensi atau                       The Indonesia Stock Exchange (IDX) imposed a suspension
sanksi penghentian sementara perdagangan saham BUVA                          on the trading of BUVA shares starting July 16, 2021, due
mulai tanggal 16 Juli 2021, karena belum dibayarnya biaya                    to non-payment of annual listing fees. This is due to the
pencatatan tahunan. Hal ini disebabkan pendapatan usaha                      Company’s declining business revenue due to the impact of
Perseroan yang menurun karena dampak pandemic Covid-19.                      the Covid-19 pandemic. However, the Company continues to
Namun demikian, Perseroan terus berupaya mematuhi                            comply with all applicable regulations to end the suspension.
seluruh regulasi yang berlaku untuk mengakhiri suspensi.




                              Harga Penutupan & Volume Perdagangan Saham Tahun 2020
                                  Closing Price and Trading Volume of Shares in 2020
                             59                                                                           18.000.000

                             58                                                                           16.000.000

                             57                                                                           14.000.000

                             56                                                                           12.000.000

                             55                                                                           10.000.000

                             54                                                                           8.000.000

                             53                                                                           6.000.000

                             52                                                                           4.000.000

                             51                                                                           2.000.000

                             50                                                                           0
                                    Triwulan I       Triwulan II        Triwulan III        Triwulan IV
                                    Quarter I        Quarter II         Quarter III         Quarter IV




                             Harga Penutupan & Volume Perdagangan Saham Tahun 2021
                                 Closing Price and Trading Volume of Shares in 2021


                   80                                                                                              500.000.000

                   70                                                                                              450.000.000
                                                                                                                   400.000.000
                   60
                                                                                                                   350.000.000
                   50                                                                                              300.000.000
                   40                                                                                              250.000.000
                                                                                                                   200.000.000
                   30
                                                                                                                   150.000.000
                   20
                                                                                                                   100.000.000
                   10                                                                                              50.000.000

                    0                                                                                              0

                                        Triwulan I        Triwulan II        Triwulan III       Triwulan IV
                                        Quarter I         Quarter II         Quarter III        Quarter IV




PT Bukit Uluwatu Villa Tbk                                              14                                    Laporan Tahunan 2021 Annual Report
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                                                                02




                                     Laporan Manajemen
                                            Management Reports




Annual Report 2021 Laporan Tahunan     15            PT Bukit Uluwatu Villa Tbk
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  Laporan Manajemen | Management Reports                                                                                                                                                      Laporan Manajemen | Management Reports




Laporan Dewan Komisaris
Board Of Commissioners Report


                                                                                                         Pemegang Saham Dan Pemangku Kepentingan Yang                        Dear Shareholders And Stakeholders,
                                                                                                         Terhormat,

                                                                                                         Puji syukur kami panjatkan kepada Tuhan Yang Maha Esa,              We express our gratitude to God Almighty, as for His grace
                                                                                                         karena dengan kasih dan pertolongan-Nya Perseroan mampu             the Company was able to survive in the midst of challenging
                                                                                                         bertahan di tengah kondisi yang penuh tantangan akibat              conditions due to the Covid-19 pandemic that still went on
                                                                                                         pandemi Covid-19 yang belum usai di tahun 2021. Izinkan             until the end of 2021. Herewith, allow us to submit our report
                                                                                                         kami menyampaikan laporan pertanggungjawaban atas                   on the implementation of our supervisory function to the
                                                                                                         pelaksanaan fungsi pengawasan terhadap Direksi.                     Board of Directors.

                                                                                                         SEKILAS KONDISI PEREKONOMIAN DAN PERHOTELAN                         OVERVIEW OF ECONOMIC AND HOSPITALIZATION
                                                                                                         TAHUN 2021                                                          CONDITIONS IN 2021
                                                                                                         Perekonomian global tumbuh lebih baik di tahun 2021                 The global economy was better in 2021 compared to the
                                                                                                         dibandingkan dengan tahun sebelumnya. Pertumbuhan ini               previous year. This economic growth is supported by the
                                                                                                         ditopang dari insentif fiskal dan moneter yang cukup besar          large fiscal and monetary incentives given by the government
                                                                                                         yang dilakukan pemerintah di beberapa negara. Selain itu,           in several countries. In addition, the easing of mobility and
                                                                                                         adanya pelonggaran mobilitas dan pembukaan perbatasan               the opening of borders between countries helped the world’s
                                                                                                         antarnegara turut membantu pemulihan ekonomi dunia.                 economic recovery.

                                                                                                         World Bank mencatat pertumbuhan ekonomi dunia sebesar               The World Bank recorded that the world economic growth
                                                                                                         5,8% di tahun 2021, jauh lebih baik daripada tahun 2020             in 2021 was 5.8%, much better than 2020 which contracted
                                                                                                         yang terkontraksi sebesar 3,3%. Meski mulai pulih, namun            by 3.3%. Although starting to recover, the world economy
                                                                                                         perekonomian dunia masih dibayangi dengan risiko                    is still overshadowed by the risk of spreading mutations
                                                                                                         penyebaran mutasi varian virus Covid-19, peningkatan                of the Covid-19 virus variant, rising inflation, supply chain
                                                                                                         inflasi, gangguan rantai pasok, dan ketegangan geopolitik           disruptions, and geopolitical tensions in a number of regions
                                                                                                         di sejumlah wilayah yang berisiko mengoreksi pertumbuhan            that threaten future growth.
                                                                                                         pada masa mendatang.

                                                                                                         Sementara perekonomian Indonesia menunjukan pemulihan               Meanwhile, the Indonesian economy showed a recovery,
                                                                                                         dengan mencatatkan pertumbuhan sebesar 3,69% di tahun               and the economy grew as much as 3.69% in 2021, better
                                                                                                         2021, lebih baik dibandingkan tahun 2020 yang terkontraksi          than 2020 which contracted by 2.07%. The structure of
                                                                                                         sebesar 2,07%. Struktur pertumbuhan ekonomi ditopang dari           economic growth is supported by household consumption
                                                                                                         konsumsi rumah tangga dan investasi.                                and investment.

                                                                                                         Seiring dengan cakupan vaksinasi yang meluas, pemerintah            Along with the expanding vaccination coverage, the
                                                                                                         melonggarkan mobilitas individu dan membuka kembali                 government has eased the individual mobility and reopened
                                                                                                         destinasi wisata yang sebelumnya sempat ditutup. Hal ini            tourist destinations that were previously closed. This is
                                                                                                         dilakukan untuk melanjutkan momentum pemulihan dengan               done to continue the momentum of recovery, while still
                                                                                                         tetap melaksanakan protokol kesehatan untuk mencegah                implementing health protocols to prevent the spread of the
                                                                                                         penyebaran wabah akibat mutasi virus Covid-19.                      outbreak due to the mutation of the Covid-19 virus.

                Okie Rehardi Lukita                                                                      Meski ekonomi mulai pulih, namun jumlah kunjungan                   Although the economy is starting to recover, the number of
                Komisaris Utama | President Commissioner                                                 wisatawan mancanegara (wisman) ke Indonesia menurun.                foreign tourists to Indonesia has decreased. According to
                                                                                                         Data BPS menyebutkan, jumlah wisman yang datang ke pasar            BPS data, the number of foreign tourists was 1.56 million




“
                                                                                                         domestik sebanyak 1,56 juta di tahun 2021, turun 61,57%             in 2021, down 61.57% from 2020 of 4.05 million people.
                                                                                                         dari tahun 2020 sebanyak 4,05 juta orang. Hal ini berdampak         This has an impact on the tourism industry and the hotel
                                                                                                         terhadap industri pariwisata dan bisnis perhotelan, terutama        business, especially those whose market share is targeting
         Mengapresiasi upaya Direksi dalam mempertahankan kelangsungan bisnis                            yang pangsa pasarnya menargetkan wisman.                            foreign tourists.
         Perseroan. Strategi bisnis yang fokus pada efisiensi dan memperluas target                      Melansir Data Badan Pusat Statistik (BPS), tamu asing yang          According to data from the Central Statistics Agency (BPS),
         pasar pengunjung domestik telah dijalankan oleh Direksi.                                        datang dan menginap pada hotel bintang mencapai 650                 foreign tourists who come and stay at star hotels were 650
                                                                                                         ribu orang di tahun 2021, atau 1,38% dari seluruh tamu yang         thousand people in 2021, or 1.38% of all guests who come
         Appreciate the efforts of the Board of Directors in maintaining the Company’s                   datang dan menginap. Jumlah ini menurun sebanyak 1,6 juta           and stay. This number decreased by 1.6 million people or
         business continuity. The business strategy that focuses on efficiency and                       orang atau 71,12% di tahun 2020 mencapai 2,25 juta orang.           71.12% compare to 2020 which reached 2.25 million people.
                                                                                                         Tamu domestik yang datang dan menginap di hotel bintang             Domestic tourists who come and stay at star hotels in 2021
         expanding the target market of domestic visitors has been implemented by                        pada tahun 2021 sebanyak 46,51 juta orang, meningkat 29%            were 46.51 million people, an increase of 29% compared to
         the Board of Directors.                                                                         dibandingkan tahun 2020 sebanyak 36,05 juta orang.                  2020 of 36.05 million people.




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  Laporan Manajemen | Management Reports                                                                                                                                                                                          Laporan Manajemen | Management Reports




Tingkat Penghunian Kamar (TPK) atau okupansi hotel bintang             Room Occupancy Rate (TPK) or star hotel occupancy                  ekonomi, pemerintah menargetkan jumlah kunjungan                       the government targets the number of foreign tourist arrivals
di seluruh Indonesia mencapai 36,26% di tahun 2021, atau               throughout Indonesia was 36.26% in 2021, or 2.47 points            wisatawan mancanegara ke Indonesia sebanyak 1,8 juta                   to Indonesia to reach 1.8 million to 3.6 million people.
2,47 poin lebih tinggi dibandingkan tahun 2020 sebesar                 higher than in 2020 of 33.79%. Five-star hotel occupancy           sampai dengan 3,6 juta orang.
33,79%. Okupansi hotel bintang lima tercatat sebesar 34,39%,           was recorded at 34.39%, up 31.64% compared to 2020. The
naik dari tahun 2020 sebesar 31,64%. Peningkatan terutama              increase mainly came from domestic tourists.                       Dewan Komisaris mendukung prospek usaha Perseroan                      The Board of Commissioners supports the Company’s
berasal dari pengunjung wisatawan domestik.                                                                                               yang disusun oleh Direksi dengan fokus pada kualitas                   business prospects prepared by the Board of Directors with
                                                                                                                                          layanan berstandar internasional dan keunggulan unik                   a focus on international standard service quality and unique
PENILAIAN TERHADAP KINERJA DIREKSI                                     ASSESSMENT OF THE PERFORMANCE OF THE BOARD OF                      dalam mengedepankan local wisdom kepada pengunjung                     advantages in promoting local wisdom to hotel visitors.
                                                                       DIRECTORS                                                          hotel. Upaya Direksi dalam mempertahankan talenta-talenta              We also support the efforts of the Board of Directors in
Penurunan wisman yang berkunjung ke Indonesia karena                   The decline in foreign tourists visiting Indonesia due to the      profesional yang dimiliki BUVA juga kami dukung untuk                  maintaining the professional talents of BUVA to support the
pandemi Covid-19, berdampak terhadap kinerja hotel                     Covid-19 pandemic, has an impact on the performance of             menopang keberlanjutan usaha Perseroan.                                sustainability of the Company’s business.
Perseroan sepanjang tahun 2021. Hal ini disebabkan target              the Company’s hotels throughout 2021. This is because the
pasar utama hotel BUVA adalah wisman seperti yang berasal              main target market for BUVA hotels is foreign tourists from        Dewan Komisaris berpandangan prospek bisnis Perseroan                  The Board of Commissioners believes that the Company’s
dari Australia dan Kawasan Asia Timur. Sementara, dunia                Australia and the East Asia Region. Meanwhile, the business        yang disusun oleh Direksi tersebut realistis dan optimis               business prospects as prepared by the Board of Directors
usaha belum sepenuhnya pulih seperti sebelum pandemi.                  world has not fully recovered as it was before the pandemic.       bahwa bisnis Perseroan akan semakin meningkat pada                     are realistic and optimistic that the Company’s business will
                                                                                                                                          masa mendatang. Untuk memperkuat fondasi usaha                         increase in the future. To strengthen the Company’s business
Dalam situasi yang tidak mudah itu, Dewan Komisaris                    In this difficult situation, the Board of Commissioners            Perseroan, Dewan Komisaris merekomendasikan Direksi                    foundation, the Board of Commissioners recommends the
mengapresiasi upaya Direksi dalam mempertahankan                       appreciates the efforts of the Board of Directors in maintaining   untuk meningkatkan permodalan pada masa mendatang.                     Board of Directors to increase capital in the future.
kelangsungan bisnis Perseroan. Strategi bisnis yang fokus              the continuity of the Company’s business. The Board of
pada efisiensi dan memperluas target pasar pengunjung                  Directors has implemented a business strategy that focuses         Komitmen Terhadap Tata Kelola Perusahaan                               Commitment to Corporate Governance
domestik telah dijalankan oleh Direksi. Selain itu, penawaran          on efficiency and expands the target market for domestic           Dewan Komisaris selama menjalankan tugas pengawasan                    The Board of Commissioners while carrying out supervisory
khusus untuk turis asing yang tetap tinggal di Indonesia               visitors. In addition, special offers for foreign tourists who     atas pengelolaan usaha Perseroan oleh Direksi senantiasa               duties over the management of the Company’s business
terutama di Bali selama pandemi juga telah dilakukan untuk             remain in Indonesia, especially in Bali during the pandemic,       mengacu pada Piagam Dewan Komisaris (BOC Charter).                     by the Board of Directors always refers to the Board of
menopang keberlanjutan usaha BUVA.                                     have also been made to support the sustainability of BUVA’s        Selain itu, Dewan Komisaris juga telah memberikan nasihat              Commissioners Charter (BOC Charter). In addition, the
                                                                       business.                                                          dan rekomendasi kepada Direksi terkait pengelolaan                     Board of Commissioners has also provided advice and
                                                                                                                                          perusahaan termasuk pengelolaan tata kelola perusahaan                 recommendations to the Board of Directors regarding the
Dewan Komisaris mengawasi perumusan strategi bisnis oleh               The Board of Commissioners oversees the formulation                yang baik (GCG).                                                       management of the company, including the management
Direksi agar pelaksanaannya tetap sesuai dengan peraturan              of business strategy by the Board of Directors so that its                                                                                of good corporate governance (GCG).
yang berlaku sebagai bagian implementasi tata kelola                   implementation remains in accordance with applicable
perusahaan yang baik. Dewan Komisaris juga mendukung                   regulations as part of the implementation of good corporate        Dalam menjalankan tugas dan tanggung jawabnya, Dewan                   In carrying out its duties and responsibilities, the Board of
upaya Direksi membantu pemerintah dalam menanggulangi                  governance. The Board of Commissioners also supports the           Komisaris dibantu oleh dua komite di bawahnya yakni Komite             Commissioners is assisted by two committees, namely the
pandemi dengan menerapkan protokol kesehatan ketat dan                 efforts of the Board of Directors to assist the government in      Audit dan Komite Nominasi dan Remunerasi. Sepanjang tahun              Audit Committee and the Nomination and Remuneration
meraih sertifikasi Cleanliness, Health, Safety, dan Environment        tackling the pandemic by implementing strict health protocols      2021, kedua komite tersebut telah menjalankan tugasnya                 Committee. Throughout 2021, the two committees have
Sustainability (CHSE). Selain itu, karyawan di hotel dan               and obtained the certificate of Cleanliness, Health, Safety, and   masing-masing dengan efisien berdasarkan prinsip GCG                   carried out their respective duties efficiently based on GCG
kantor pusat juga telah melakukan vaksinasi sesuai dengan              Environment Sustainability (CHSE). In addition, employees          dan tujuan Perseroan. Penilaian ini didasarkan pada laporan            principles and the Company’s objectives. This assessment
ketentuan yang berlaku.                                                at the hotel and head office have also been vaccinated in          berkala yang disampaikan, masukan dan rekomendasi atas                 is based on the periodic reports submitted, input and
                                                                       accordance with applicable regulations.                            hal-hal yang masuk ke dalam lingkup tugas pengawasan                   recommendations on matters within the scope of the
                                                                                                                                          Dewan komisaris serta pelaksanaan tugas Komite Audit                   Board of Commissioners’ supervisory duties as well as the
Pada tahun 2021, laba bruto tercatat sebesar Rp33,96 miliar,           In 2021, gross profit was recorded at IDR33.96 billion, an         dan Komite Nominasi dan Remunerasi.                                    implementation of the duties of the Audit Committee and
naik sebesar 7,18% dari tahun 2020 senilai Rp31,69 miliar.             increase of 7.18% from 2020 of IDR31.69 billion. The increase                                                                             the Nomination and Remuneration Committee.
Peningkatan laba bruto disebabkan turunnya beban pokok                 in gross profit was due to a decrease in cost of revenue of
pendapatan sebesar 24,18% menjadi Rp27,46 miliar dari                  24.18% to IDR27.46 billion from the previous year of IDR36.22      Fokus penerapan tata kelola Dewan Komisaris adalah                     The focus of the implementation of the Board of
tahun sebelumnya sebesar Rp36,22 miliar. Pendapatan                    billion. Revenue amounted to IDR61.42 billion, a decrease          menjalankan fungsi pengawasan terhadap pengungkapan                    Commissioners’ governance is to carry out the supervisory
sebesar Rp61,42 miliar, turun sebesar 9,55% dari tahun 2020            of 9.55% from 2020’s IDR67.90 billion.                             laporan keuangan, audit internal, audit eksternal, pengendalian        function of financial statement disclosure, internal audit,
senilai Rp67,90 miliar.                                                                                                                   internal, dan implementasi manajemen risiko.                           external audit, internal control, and risk management
                                                                                                                                                                                                                 implementation.
Rugi usaha turun drastis sebesar 82,31% dari Rp1.067,50                Operating loss dropped dramatically by 82.31% from
miliar di tahun 2020 menjadi Rp188,87 miliar di tahun 2021.            IDR1,067.50 billion in 2020 to IDR188.87 billion in 2021. The      PERUBAHAN SUSUNAN DEWAN KOMISARIS                                      CHANGES IN BOARD OF COMMISSIONERS COMPOSITION
Penurunan rugi usaha berdampak pada berkurangnya rugi                  decrease in operating loss resulted in a 69.65% decrease in        Pada tahun 2021, Perseroan tidak mengubah susunan                      In 2021, the Company did not change the composition of
bersih Perseroan sebesar 69,65% menjadi Rp361,01 miliar di             the Company’s net loss to IDR361.01 billion in 2021, from          Dewan Komisaris. Per 31 Desember 2021, susunan Dewan                   the Board of Commissioners. As of December 31, 2021, the
tahun 2021, dari tahun 2020 yang sebesar Rp1.189,60 miliar.            IDR1,189.60 billion in 2020.                                       Komisaris Perseroan adalah sebagai berikut:                            composition of the Company’s Board of Commissioners is
                                                                                                                                                                                                                 as follows:

Pandangan Terhadap Prospek Usaha                                       Business Outlook
Perekonomian Indonesia diprediksi tetap tumbuh positif di              The Indonesian economy is predicted to continue to
tahun 2022. Hal ini ditopang oleh konsumsi rumah tangga                grow positively in 2022. This is supported by household
yang tetap terjaga dan berlanjutnya insentif fiskal dan moneter        consumption and continued fiscal and monetary incentives by
oleh regulator. Sejalan dengan berlanjutnya pemulihan                  the regulator. In line with the continuing economic recovery,


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  Laporan Manajemen | Management Reports                                                                                                                                                          Laporan Manajemen | Management Reports




                                                                                                                                   Laporan Direksi
                                                                                                                                   Board Of Directors Report


Komisaris Utama              : Okie Rehardi Lukita                 President Commissioner   : Okie Rehardi Lukita
Komisaris Independen         : Alexander Shaik 		                  Independent Commissioner : Alexander Shaik
Komisaris Independen         : Johandi Kumaheri                    Independent Commissioner : Johandi Kumaheri
Komisaris Independen         : I Gusti Putu Wisesa                 Independent Commissioner : I Gusti Putu Wisesa                                                                            Franky Tjahyadikarta
Komisaris                    : Seong Hoon Park                     Commissioner             : Seong Hoon Park
                                                                                                                                                                                             Direktur Utama | President Director
APRESIASI DAN PENUTUP                                              APPRECIATION AND CLOSING
Kami mengucapkan terima kasih kepada para pemegang                 We would like to thank the shareholders who trusted us in
saham yang telah memberikan kepercayaan kepada kami                carrying out supervisory duties over the management of the
dalam menjalankan tugas pengawasan atas pengelolaan                Company’s business by the Board of Directors. We express
usaha Perseroan oleh Direksi. Kami mengungkapkan                   our gratitude to the Board of Directors, management and all
terima kasih kepada Direksi, jajaran manajemen dan                 employees who have worked hard and focused on overcoming
seluruh karyawan yang telah bekerja keras dan fokus dalam          challenges so that the Company can continue to operate.
mengatasi tantangan sehingga Perseroan tetap beroperasi.

Tak lupa kami sampaikan apresiasi kepada pemerintah,               We also would like to express our appreciation to the
mitra strategis, dan pengunjung hotel Perseroan. Semoga            government, strategic partners, and all guests of our hotels.
dukungan dan kerja sama yang telah terjalin baik selama ini        We hope that the support and cooperation that has been well
dapat semakin meningkat pada waktu mendatang.                      established so far can increase in the future.




                                                      Jakarta, 1 Juli 2023
                                                     Jakarta, July 1st 2023

                                                Atas Nama Dewan Komisaris
                                           On behalf of the Board of Commissioners,




                                                     Okie Rehardi Lukita
                                          Komisaris Utama | President Commissioner




                                                                                                                                   “
                                                                                                                                           Untuk mempertahankan kelangsungan usaha, kami memperluas target
                                                                                                                                           pengunjung hotel tidak hanya fokus pada wisman tetapi juga menargetkan
                                                                                                                                           wisatawan domestik.
                                                                                                                                           To maintain business continuity, we are expanding the hotel’s visitor target to
                                                                                                                                           not only focus on foreign tourists but also target domestic tourists.




PT Bukit Uluwatu Villa Tbk                                    20                            Laporan Tahunan 2021 Annual Report     Annual Report 2021 Laporan Tahunan            21                                 PT Bukit Uluwatu Villa Tbk
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  Laporan Manajemen | Management Reports                                                                                                                                                                                       Laporan Manajemen | Management Reports




Pemegang Saham dan Pemangku Kepentingan yang                        Dear Shareholders and Stakeholders,                                 Peningkatan jumlah wisman berdampak pada naiknya tingkat             The increase in the number of foreign tourists has an impact
terhormat,                                                                                                                              okupansi hotel yang mencapai 51,57% di akhir 2021. Meski             on the increase in hotel occupancy rates which reached
Kami memanjatkan puji syukur kepada Tuhan Yang Maha                 We express our gratitude to God Almighty. For His grace, the        angkanya masih jauh dari kondisi sebelum pandemi, namun              51.57% at the end of 2021. Although the figure is still far
Esa, karena hanya dengan kasih-Nya, Perseroan dapat                 Company managed to sustain the business in the midst of             ini merupakan sinyal positif untuk pemulihan industri hotel          from the conditions before the pandemic, this shows a
mempertahankan kelangsungan usaha di tengah tantangan               unprecedented challenges spurred by the Covid-19 pandemic.          pada tahun berikutnya.                                               positive signal for the recovery of the hotel industry in the
yang tidak mudah akibat dampak pandemi Covid-19. Izinkan            Hence, allow us to submit the Board of Directors’ Report as                                                                              following year.
kami untuk menyampaikan Laporan Direksi sebagai bentuk              our accountability to shareholders and other stakeholders
pertanggungjawaban kepada para pemegang saham dan                   throughout the 2021 fiscal year.                                    ANALISIS KINERJA PERSEROAN                                           COMPANY PERFORMANCE ANALYSIS
pemangku kepentingan lain selama tahun buku 2021.                                                                                       Strategi dan Kebijakan Strategis Perseroan                           Company Strategy and Strategic Policy
                                                                                                                                        Pandemi Covid-19 yang masih berlangsung selama tahun                 Throughout 2021, the Covid-19 pandemic was still haunting
KINERJA EKONOMI DAN INDUSTRI TAHUN 2021                             ECONOMIC AND BUSINESS PERFORMANCE IN 2021                           2021 telah mengubah interaksi masyarakat dan operasional             and has changed public interaction and business operations
Vaksinasi yang semakin meluas dan mulai dibukanya                   The extending of the vaccination coverage, the opening of           dunia usaha dari kegiatan tatap muka menjadi lebih banyak            from face-to-face activities to being more online orientation.
perbatasan antarnegara seiring dengan penanganan pandemi            borders between countries, andthe more controlled handling          dilakukan secara daring. Perseroan sebagai entitas bisnis            The Company as a business entity continues to adapt to these
Covid-19 yang lebih terkendali membuat perekonomian dunia           of the Covid-19 pandemic led to the recovery of the global          terus beradaptasi dengan perubahan dan tantangan yang                changes and challenges to maintain business sustainability.
tumbuh lebih baik di tahun 2021 dibanding sebelumnya. World         economy in 2021. The World Bank reported that the global            dihadapi untuk menjaga keberlanjutan bisnis.
Bank merilis pertumbuhan ekonomi dunia mencapai 5,8% di             economic growth was 5.8% in 2021, higher than in 2020 with
tahun 2021, lebih tinggi dari tahun 2020 yang terkontraksi          a 3.3% of growth contraction.                                       Dalam mengelola usaha Perseroan, Direksi senantiasa                  In managing the Company’s business, the Board of Directors
sebesar 3,3%.                                                                                                                           memperhatikan arahan dan saran yang diberikan oleh Dewan             takes a heed to the directions and suggestions given by the
                                                                                                                                        Komisaris sebagai bagian dari pelaksanaan tata kelola.               Board of Commissioners as part of the implementation
Seiring dengan membaiknya ekonomi dunia, perekonomian               With the global economy improving, the Indonesian economy           Menghadapi kondisi industri yang hampir sama dengan                  of corporate governance. With stagnant condition of the
Indonesia menunjukan pemulihan dan semakin kuat paska               also improved, especially after the decline of the Delta variant    tahun sebelumnya, pada tahun 2021, Perseroan melanjutkan             industry, as compared to the previous year, the Company in
penurunan kasus varian Delta pada pertengahan Agustus               from mid-August to the end of September 2021. Throughout            strategi yang telah diterapkan dengan menekankan efisiensi           2021 continued executing strategy by emphasizing efficiency
hingga akhir September 2021. Sepanjang tahun 2021,                  2021, the economic growth was recorded at 3.69% or higher           dan tetap menjaga produktivitas karyawan.                            and maintaining employee productivity.
pertumbuhan ekonomi tercatat sebesar 3,69% atau lebih               than 2020 with a 2.07% of growth contraction.
tinggi dari tahun 2020 yang terkontraksi 2,07%.                                                                                         Pada pengelolaan bisnis perhotelan Perseroan menawarkan              In managing the hotel business, the Company offers flexible
                                                                                                                                        tarif hotel yang fleksibel, menyajikan menu makanan                  hotel rates, serves international quality food, promote the
Hampir seluruh sektor usaha mencatatkan pertumbuhan                 Almost all business sectors recorded positive growth,               berkualitas sesuai standar internasional, promosi melalui            hotels through social media and digital marketing and
positif, kecuali sektor administrasi pemerintahan. Sektor           except the government administration sector. The growth             media sosial dan pemasaran digital serta menyediakan                 provides attractive packages for visitors who want to self-
pendidikan merupakan yang terkecil pertumbuhannya                   in education sector was the lowest, only 0.11%. Meanwhile,          paket menarik bagi pengunjung yang ingin karantina mandiri           quarantine at the hotel.
hanya sebesar 0,11%. Sedangan pertumbuhan terbesar                  the largest growth was in the health services business and          di hotel.
terjadi pada usaha jasa Kesehatan dan kegiatan sosial yang          social activities that grew by 10.46%. In the hotel industry, the
tumbuh sebesar 10,46%. Di industri perhotelan, pandemi              Covid-19 pandemic has caused great pressure on businesses           Seluruh jaringan hotel yang dikelola Perseroan telah                 All hotel chains managed by the Company have implemented
Covid-19 telah memberi tekanan besar bagi pelaku usaha              because international flights were closed to prevent the            menjalankan Protokol Kesehatan untuk memutus penyebaran              Health Protocols to stop the spread of the virus. The Company
karena sempat ditutupnya penerbangan internasional untuk            spread of the outbreak. This has an impact on the decline in        virus. Perseroan juga mewajibkan seluruh karyawan untuk              also requires all employees to participate in a vaccination
mencegah meluasnya wabah. Hal ini berdampak pada                    the number of foreign tourists who come to Indonesia, thus          mengikuti program vaksinasi sesuai ketentuan pemerintah.             program according to government regulations. In addition,
penurunan jumlah wisatawan mancanegara (wisman)                     affecting the number of hotel visitors. However, the number         Selain itu, operasional hotel memperhatikan aspek Cleanliness        in operating the business, the hotels always pay attention
yang datang ke Indonesia sehingga memengaruhi jumlah                of hotel visitors from domestic tourists remains, although          (kebersihan), Health (kesehatan), Safety (keamanan), dan             to aspects of Cleanliness, Health, Safety, and Environment
pengunjung hotel. Namun demikian, jumlah pengunjung                 not as large as before the pandemic.                                Environment Sustainability (kelestarian lingkungan) dan telah        Sustainability and have received CHSE certification from
hotel dari pasar domestik tetap ada meski tidak seramai                                                                                 mendapatkan sertifikasi CHSE dari pemerintah.                        the government.
sebelum pandemi.
                                                                                                                                        Sementara operasional di kantor pusat telah mematuhi                 Meanwhile, the operations at the head office have also
Sepanjang 2021, jumlah wisman yang datang berkunjung                Throughout 2021, the number of foreign tourists who came            peraturan pemerintah seperti bekerja dari rumah (WFH),               complied with government regulations such as work from
hanya 1,56 juta orang, turun 61,57% dari tahun 2020 sebanyak        to visit was only 1.56 million people, down 61.57% from             kapasitas maksimum jumlah orang dalam satu ruangan,                  home (WFH), complied with the regulation of the maximum
4,02 juta wisman. Hal ini berdampak pada penurunan tingkat          2020 as many as 4.02 million. This has an impact on the             lama jam kerja, pengunaan masker wajah, dan penyediaan               capacity of the number of people in one room, length of
hunian atau okupansi hotel yang dalam dua tahun terakhir            decline in the hotel occupancy rate which in the last two           disinfektan. Hal ini merupakan dukungan dari Perseroan               working hours, use of face masks, and provide disinfectants.
(2020-2021) rata-rata hanya mencapai 32,41% sampai                  years (2020-2021) averaged only 32.41% to 36.09%, below             untuk memutus mata rantai penyebaran virus.                          This is the way of the Company to stop the spread of the virus.
36,09%, di bawah tingkat hunian normal rata-rata sebesar            the normal occupancy rate of 70% to 80%. After experiencing
70% sampai 80%. Setelah mengalami tekanan yang berat,               severe pressure, the hotel industry began to show signs of          Untuk mempertahankan kelangsungan usaha, kami                        To maintain business continuity, we expanded the target of
industri perhotelan mulai menunjukan sinyal pemulihan               recovery due to the ease of the restriction of community            memperluas target pengunjung hotel tidak hanya fokus                 hotel visitors to not only focus on foreign tourists but also
karena adanya relaksasi pemberlaku an pembatasan kegiatan           activity (PPKM) in line with the declining number of Covid-19       pada wisman tetapi juga menargetkan wisatawan domestik.              targeting the domestic tourists. Promotion through social
masyarakat (PPKM) sejalan dengan menurunnya jumlah                  and the widespread vaccination program.                             Promosi melalui media sosial dan pemasaran digital terus             media and digital marketing continues to be improved to
kasus aktif Covid-19 dan program vaksinasi yang meluas.                                                                                 ditingkatkan untuk menarik minat wisatawan domestik                  attract domestic tourists to stay at the Company’s hotels.
                                                                                                                                        menginap di hotel milik Perseroan.
Berdasarkan data Badan Pusat Statistik dan Kementerian              Based on data from the Central Statistics Agency and the
Pariwisata tahun 2021, jumlah kunjungan wisman ke tanah             Ministry of Tourism in 2021, the number of foreign tourists         Target dan Hasil Yang Dicapai                                        Targets and Achievement
air mulai menunjukan tren meningkat sejak September                 to Indonesia began to increase in September, as many as             Realisasi target yang dicanangkan sangat bergantung pada             The realization of the target is highly dependent on the
mencapai 120 ribu, Oktober 146 ribu, November 151 ribu              120 thousand, in October with as many as 146 thousand,              dinamika industri dan kondisi perekonomian. Secara umum,             dynamics of the industry and economic conditions. In general,
dan Desember mencapai 164 ribu.                                     in November with 151 thousand and in December with 164              pada tahun 2021 kinerja Perseroan belum mencapai target              in 2021 the Company’s performance has not reached the
                                                                    thousand.                                                           karena menghadapi tantangan yang cukup berat akibat                  target due to facing quite severe challenges because of the
                                                                                                                                        pandemi Covid-19.                                                    Covid-19 pandemic.


PT Bukit Uluwatu Villa Tbk                                     22                              Laporan Tahunan 2021 Annual Report       Annual Report 2021 Laporan Tahunan                              23                                        PT Bukit Uluwatu Villa Tbk
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  Laporan Manajemen | Management Reports                                                                                                                                                                                     Laporan Manajemen | Management Reports




Kendala Yang Dihadapi Dan Upaya Mengatasinya                         Obstacles and Efforts to Overcome Them
Dalam mengelola usaha perhotelan selama tahun 2021,                  In managing the hotel business during 2021, the biggest
kendala terbesar yang dihadapi adalah dampak pandemi                 obstacle was the impact of the Covid-19 pandemic.                  Dalam melaksanakan GCG Direksi dibantu oleh Sekretaris             In implementing GCG, the Board of Directors is assisted by the
Covid-19. Pembatasan mobilitas individu, penutupan jalur             Restrictions on individual mobility, closure of international      Perusahaan dan Komite Keberlanjutan. Direksi menilai               Corporate Secretary and the Sustainability Committee. The
penerbangan internasional, persyaratan vaksinasi untuk               flight routes, vaccination requirements for tourists, and          Sekretaris Perusahaan dan Komite Keberlanjutan telah               Board of Directors evaluates and ensure that the Corporate
wisatawan, dan penutupan operasional hotel merupakan                 closure of hotel operations are the biggest challenges that        menjalankan tugas dengan baik sesuai dengan fungsinya              Secretary and the Sustainability Committee have carried
tantangan terbesar yang tidak bisa dihindari oleh Perseroan.         cannot be avoided by the Company. The decline in the               masing-masing dalam membantu Direksi.                              out their duties properly in accordance with their respective
Penurunan jumlah wisman sangat memengaruhi kinerja                   number of foreign tourists greatly affected the Company’s                                                                             functions in assisting the Board of Directors.
Perseroan. Untuk mengatasi kendala tersebut, Perseroan               performance. To overcome these obstacles, the Company
senantiasa mengikuti regulasi dari pemerintah terkait                always follows regulations from the government regarding           SUSUNAN DIREKSI                                                    BOARD OF DIRECTORS COMPOSITION
penanganan pandemi. Selain itu, Perseroan juga menjual               the handling of the pandemic. In addition, the Company also        Pada tahun 2021, Perseroan tidak terdapat perubahan                In 2021, the Company did not change the composition of
aset tetap seperti kendaraan operasional untuk antar jemput          sells fixed assets such as operational vehicles to shuttle hotel   susunan anggota Direksi. Sampai 31 Desember 2021,                  the members of the Board of Directors. As of December
pengunjung hotel. Hal ini bertujuan untuk mendapatkan                visitors. The purpose was to get non-operational income            komposisi anggota Direksi adalah sebagai berikut:                  31, 2021, the composition of the members of the Board of
pemasukan non operasional ketika tingkat okupansi menurun            when the occupancy rate drops dramatically.                                                                                           Directors is as follows:
drastis.
                                                                                                                                        Direktur Utama    : Franky Tjahyadikarta                           President Director : Franky Tjahyadikarta
PROSPEK USAHA 2022                                                   BUSINESS PROSPECT FOR 2022                                         Direktur          : Hendry Utomo                                   Director           : Hendry Utomo
Transisi dari pandemi ke endemi memberi harapan baru                 The transition from pandemic to endemic gives new hope for         Direktur          : I Nyoman Tri Suryanegara Lingga                Director           : I Nyoman Tri Suryanegara Lingga
bagi bangkitnya industri pariwisata dan perhotelan di tahun          the rise of the tourism and hospitality industry in 2022. The
2022. Peningkatan mobilitas individu yang mulai terjadi pada         increase in individual mobility that began in the last quarter     APRESIASI                                                          APPRECIATION
kuartal terakhir tahun 2021 diharapkan dapat terus berlanjut.        of 2021 is expected to continue. This is supported by the          Atas nama Direksi, saya menyampaikan rasa terima kasih             On behalf of the Board of Directors, I would like to express my
Hal ini didukung dengan proyeksi perekonomian Indonesia              projection of the Indonesian economy which continues to            kepada Dewan Komisaris dan Pemegang Saham atas arahan              gratitude to the Board of Commissioners and Shareholders
yang tetap tumbuh positif.                                           grow positively.                                                   dan dukungannya sehingga Perseroan dapat melalui tahun             for their direction and support so that the Company can
                                                                                                                                        2021 yang penuh tantangan. Ungkapan terima kasih juga saya         face all challenges in 2021. I also express my gratitude to all
Pemerintah melalui Kementerian Pariwisata dan Ekonomi                The government through the Ministry of Tourism and Creative        sampaikan kepada seluruh karyawan yang secara bersama-             employees who have worked hard and passionately together
Kreatif menargetkan kenaikan sektor pariwisata yang meliputi         Economy is targeting an increase in the tourism sector as          sama telah bekerja keras dan penuh semangat dalam situasi          in a very challenging situations and conditions. I also would
1,8 juta sampai dengan 3,6 juta wisatawan mancanegara,               many as 1.8 million to 3.6 million foreign tourists, the target    dan kondisi yang tidak mudah untuk dilalui. Tak lupa ucapan        like to express my gratitude and appreciation to all loyal
pergerakan wisatawan Nusantara 550 juta pergerakan dan               of tourists in Indonesia is 550 million and the contribution       terima kasih dan apresiasi saya sampaikan kepada seluruh           visitors to the BUVA hotel and strategic partners who have
kontribusi terhadap PDB Nasional naik menjadi 4,3%.                  to the National GDP increase to 4.3%.                              pengunjung setia hotel BUVA dan mitra strategis yang telah         supported the Company’s business. I hope that the trust and
                                                                                                                                        mendukung usaha Perseroan. Saya berharap kepercayaan               cooperation that has been well established can be further
Pemulihan pasar wisatawan dengan event juga pemulihan                The recovery of the tourist market as well as the restoration      dan kerja sama yang sudah terjalin baik dapat semakin              enhanced in the future.
industri pariwisata dengan adaptasi protokol kesehatan               of the tourism industry with the adaptation of health protocols    ditingkatkan pada masa mendatang.
masuk dalam rencana kerja Kemenparekraf. Untuk mencapai              are included in the work plan of the Ministry of Tourism and
itu, langkah pemulihan akan dilakukan di destinasi wisata            Creative Economy. In order to achieve that, recovery steps
unggulan seperti Bali, Kepri, Toraja, dan sebagainya.                will be carried out in leading tourist destinations such as
Perseroan telah menyiapkan strategi untuk mengoptimalkan             Bali, Riau Islands, Toraja, etc. The Company has prepared
peluang bisnis di tengah harapan bangkitnya kembali industri         a strategy to optimize business opportunities amid hopes                                                              Jakarta, 1 Juli 2023
pariwisata. Pemasaran digital melalui media sosial akan terus        for the revival of the tourism industry. Digital marketing                                                           Jakarta, July 1st 2023
ditingkatkan untuk menarik minat wisatawan menginap di               through social media will continue to be improved to attract
jaringan hotel Perseroan. Meski tetap optimis, Perseroan juga        tourists to stay at the Company’s hotel network. Although still                                                      Atas Nama Direksi
memerhatikan faktor risiko seperti ketidakpastian global.            optimistic, the Company also pays attention to risk factors                                                   On behalf of the Board of Directors,
                                                                     such as global uncertainty.
                                                                                                                                                                                       PT Bukit Uluwatu Villa Tbk,
PENERAPAN TATA KELOLA PERUSAHAAN YANG BAIK                           IMPLEMENTATION OF GOOD CORPORATE GOVERNANCE
Perseroan memiliki komitmen kuat dalam menerapkan tata               The Company has a strong commitment to consistently
kelola perusahaan yang baik (GCG) secara konsisten untuk             implement good corporate governance (GCG) to maintain
mempertahankan keberlanjutan usaha. Program sosialisasi              business sustainability. The program of socialization and
dan internalisasi prinsip-prinsip GCG juga terus dilakukan di        internalization of GCG principles is also continuously carried
lingkup perusahaan.                                                  out within the Company.
                                                                                                                                                                                          Franky Tjahyadikarta
Penerapan GCG di Perseroan dimulai dari pemenuhan                    The implementation of GCG in the Company starts from                                                          Direktur Utama | President Director
peraturan dan perundang-undangan yang berlaku, menyusun              compliance with applicable laws and regulations, compiling
perangkat kebijakan, pembentukan organ-organ GCG,                    policy instruments, establishing GCG organs, managing
pengelolaan hubungan kerja antara organ GCG yang tertuang            working relationships between GCG organs as written in
dalam prosedur kerja, hingga internalisasi dan evaluasi.             work procedures, internalization and evaluation.




PT Bukit Uluwatu Villa Tbk                                      24                              Laporan Tahunan 2021 Annual Report      Annual Report 2021 Laporan Tahunan                            25                                        PT Bukit Uluwatu Villa Tbk
Page 15
  Laporan Manajemen | Management Reports




  Pernyataan Pertanggungjawaban Dewan Komisaris dan
           Direksi PT Bukit Uluwatu Villa Tbk
     Statement of Responsibility from Board of Commissioners and Board of
                    Directors of PT Bukit Uluwatu Villa Tbk

Kami yang bertanda tangan di bawah ini menyatakan              We, the undersigned, testify that all information contained
bahwa semua informasi dalam Laporan Tahunan 2021               in the 2021 Annual Report of PT Bukit Uluwatu Villa Tbk
PT Bukit Uluwatu Villa Tbk telah dimuat secara lengkap         is presented in a comprehensive manner. We are fully
dan bertanggung jawab penuh atas kebenaran isi Laporan         responsible for the accuracy of the contents of the Company’s
Tahunan perusahaan.                                            Annual Report.

Demikian pernyataan ini dibuat dengan sebenarnya.              This statement is hereby made in all truthfulness.


                                                  Jakarta, 1 Juli 2023
                                                 Jakarta, July 1st 2023

                                                  Dewan Komisaris
                                               Board of Commissioners,




                                                Okie Rehardi Lukita
                                     Komisaris Utama | President Commissioner




           Alexander Shaik                                                                  Johandi Kumaheri
         Komisaris Independen                                                              Komisaris Independen
      Independent Commissioner                                                          Independent Commissioner




          I Gusti Putu Wisesa                                                                 Seong Hoon Park
         Komisaris Independen                                                                    Komisaris
      Independent Commissioner                                                                 Commissioner




                                                        Direksi
                                                   Board of Directors




                                                  Franky Tjahyadikarta
                                           Direktur Utama | President Director




       Hendry Utomo                                                                   I Nyoman Tri Suryanegara Lingga
      Direktur | Director                                                                    Direktur | Director




PT Bukit Uluwatu Villa Tbk                                26                            Laporan Tahunan 2021 Annual Report
Page 16
                                                            03




                                     Profil Perusahaan
                                            Company Profile




Annual Report 2021 Laporan Tahunan   27          PT Bukit Uluwatu Villa Tbk
Page 17
  Profil Perusahaan | Company Profile                                                                                                                                                         Profil Perusahaan | Company Profile




Identitas Perusahaan
Company Identity


                                                                                                                                                          Akta Pendirian No. 53 tanggal 15 Desember 2000 yang dibuat oleh
      Nama Perusahaan
                                            PT Bukit Uluwatu Villa Tbk                                                                                    dan di hadapan Sugito Tedjamulja, S.H., notaris di Jakarta, dan telah
      Company Name
                                                                                                                                                          disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik
                                                                                                                                                          Indonesia dalam Surat Keputusannya No. C-27344 HT.01.01.TH.2003
                                                                                                                                                          tanggal 14 November 2003. Akta Pendirian ini telah didaftarkan di
      Bidang Usaha                          Jasa akomodasi dan perhotelan
                                                                                                                                                          Kantor Pendaftaran Perusahaan Dinas Perindustrian dan Perdagangan
      Bussiness Field                       Acommodation and hospitality services
                                                                                                                                                          Kabupaten Badung No. 1342/RUB.22-08/ II/2007 tanggal 7 Februari
                                                                                                                                                          2007, serta telah diumumkan dalam Berita Negara Republik Indonesia
      Tanggal Akta Pendirian                15 Desember 2000                                                                                              No. 44, tertanggal 30 Mei 2008, Tambahan Berita Negara No. 7433.
      Date of Establishment                 December 15, 2000                                                             Dasar Hukum Pendirian
                                                                                                                          Legality of Establishment       Deed of Establishment No. 53 dated December 15, 2000 prepared
                                                                                                                                                          before Sugito Tedjamulja, S.H., notary in Jakarta, and has been
      Status Perusahaan                     Perusahaan Terbuka                                                                                            ratified by the Minister of Law and Human Rights of the Republic of
      Company Status                        Public Company                                                                                                Indonesia in Decree No. C-27344 HT.01.01.TH.2003 dated November
                                                                                                                                                          14, 2003. This Deed of Establishment has been registered at the
                                                                                                                                                          Company Registration Office of the Industry and Trade Office of
      Modal Dasar                           Rp600.000.000.000                                                                                             Badung Regency No. 1342/RUB.22-08/II/2007 dated February 7,
      Authorized Capital                    Rp600,000,000,000                                                                                             2007, and it was announced in the State Gazette of the Republic
                                                                                                                                                          of Indonesia No. 44, dated May 30, 2008, Supplement to the State
                                                                                                                                                          Gazette No. 7433.
      Modal Ditempatkan dan Disetor Penuh   Rp340.563.460.000
      Issued and Fully Paid Capital         Rp340,563,460,000
                                                                                                                                                          Kantor Pusat | Head Office
                                                                                                                                                          Jl. Belimbing Sari, Br. Tambyak, Desa Pecatu
                                            Archipelago Resorts and Hotels Limited 27,80%                                                                 Kec. Kuta Selatan, Kab. Badung
                                            PT Asia Leisure Network 25,00%                                                                                Bali - Indonesia
                                            NV III Holdings Limited 13,00%                                                                                Telp : +62 361 8482166
      Kepemilikan                                                                                                                                         Faks : +62 361 8482188
                                            Shinhan Investment Corp Group 5,05%
      Ownership
                                            Masyarakat (masing-masing kepemilikan di bawah 5%) 29,15%                                                     Cabang/Perwakilan | Representative Office
                                                                                                                          Alamat
                                            Public (Individual with ownership of less than 5%) 29.15%                                                     Sequis Center Lantai 9
                                                                                                                          Address
                                                                                                                                                          Jl. Jend Sudirman 71, Kebayoran Baru
                                                                                                                                                          Jakarta Selatan 12190 - Indonesia
      Bursa                                 Bursa Efek Indonesia (BEI)                                                                                    Telp : +62 21 525 6516
      Stock Exchange                        Indonesia Stock Exchange (IDX)                                                                                Faks : +62 21 525 6517

                                                                                                                                                          Entitas Anak | Subsidiary
      Tanggal Pencatatan Saham              12 Juli 2010
                                                                                                                                                          Terdapat dalam bagian anak usaha di Laporan Tahunan ini.
      Initial Listing Date                  July 12, 2010
                                                                                                                                                          In the Subsidiary Section of this Annual Report

      Kode Saham
                                            BUVA                                                                          Situs Perusahaan
      Stock Code                                                                                                                                          www.buvagroup.com
                                                                                                                          Company’s Website

      Jumlah Karyawan
                                            434                                                                           Alamat Surat Elektronik
      Number of Employees                                                                                                                                 info@buvagroup.com
                                                                                                                          E-mail Address


                                                                                                                                                          Benita Sofia
                                                                                                                                                          Sekretaris Perusahaan | Corporate Secretary
                                                                                                                          Hubungan Investor
                                                                                                                                                          Telp: +62 21 525 6516
                                                                                                                          Investor Relation
                                                                                                                                                          Fax : +62 21 525 6517
                                                                                                                                                          E-mail: benita.sofia@buvagroup.com




PT Bukit Uluwatu Villa Tbk                         28                           Laporan Tahunan 2021 Annual Report   Annual Report 2021 Laporan Tahunan          29                                       PT Bukit Uluwatu Villa Tbk
Page 18
  Profil Perusahaan | Company Profile                                                                                                                                                                                                   Profil Perusahaan | Company Profile




Riwayat Singkat                                                                                                                          Jejak Langkah
Brief History                                                                                                                            Milestones

                                                                                                                                    2000                                  Akuisisi 1,7 hektar lahan di
                                                                                                                                                                          Tarabitan, Minahasa Utara,
                                                                                                                                                                                                              2014                               Divestasi anak perusahaan
                                                                                                                                                                                                                                                 pemilik brand Alila.
PT Bukit Uluwatu Villa Tbk (untuk selanjutnya disebut               PT Bukit Uluwatu Villa Tbk (hereinafter referred to as          BUVA didirikan.                                                           Pemasangan tiang pancang
sebagai “BUVA” atau “Perseroan”) didirikan berdasarkan              “BUVA” or the “Company”) was established based on the                                                 untuk mendirikan Alila                                                 Divesting Alila brand owner’s
                                                                                                                                    BUVA was established.                                                     perdana The Cliff.
Akta Pendirian No. 53 tanggal 15 Desember 2000 yang                 Deed of Establishment No.53 dated December 15, 2000                                                   Tarabitan.                                                             subsidiary.
                                                                                                                                                                                                              Groundbreaking of The Cliff.
dibuat oleh dan dihadapan Sugito Tedjamulja, S.H., notaris          which was made before Sugito Tedjamulja, S.H., notary in                                              Acquisition of 1.7 hectares
di Jakarta, dan telah disahkan oleh Menteri Hukum dan Hak           Jakarta, and approved by the Minister of Law and Human          2004                                  of land in Tarabitan, North
                                                                                                                                                                                                                                                 2019
Asasi Manusia Republik Indonesia dalam Surat Keputusannya           Rights of the Republic of Indonesia in his Decree No.C-         Akuisisi lahan untuk                  Minahasa, to build Alila            2015                               Pembukaan Hotel Alila SCBD,
No. C-27344 HT.01.01.TH.2003 tanggal 14 November 2003.              27344 HT.01.01.TH.2003 dated November 14, 2003. This            pembangunan Alila Villas              Tarabitan.                          Topping off Alila SCBD.
                                                                                                                                                                                                                                                 Jakarta; Restoran Hakkasan
Akta Pendirian ini telah didaftarkan di Kantor Pendaftaran          Deed of Establishment was registered at the Registration        Uluwatu.                                                                  Topping off Alila SCBD
                                                                                                                                                                                                                                                 dan Hakkasan Roof Top di
Perusahaan Dinas Perindustrian dan Perdagangan Kabupaten
Badung No. 1342/RUB.22-08/II/2007 tanggal 7 Februari
                                                                    Office of the Industry and Trade Office of Badung Regency
                                                                    No.1342/RUB.22-08/II/2007 dated February 7, 2007, and
                                                                                                                                    Land acquisition for the
                                                                                                                                    construction of Alila Villas          2011                                Pemasangan tiang pancang           area Hotel Alila SCBD; dan
                                                                                                                                                                          PT Bukit Lentera Sejahtera                                             pemasangan tiang pancang
2007, serta telah diumumkan dalam Berita Negara Republik            was announced in the State Gazette of the Republic of           Uluwatu.                                                                  perdana Alila Ubud Extension
                                                                                                                                                                          didirikan untuk pembangunan         II.                                perdana Alila Villas Bintan.
Indonesia No. 44, tertanggal 30 Mei 2008, Tambahan Berita           Indonesia No.44, dated 30 May 30, 2008, Supplement to                                                 Alila SCBD Jakarta.                                                    Opening of Alila SCBD Hotel,
                                                                                                                                                                                                              Groundbreaking of Alila Ubud
Negara No. 7433.                                                    State Gazette No.7433.                                          2006                                  PT Bukit Lentera Sejahtera          Extension II.                      Jakarta; Hakkasan Restaurant
                                                                                                                                    Alila Villas Uluwatu dibangun.        was established for the                                                and Hakkasan Rooftop in
BUVA beberapa kali mengubah Anggaran Dasar dan                      BUVA have amended the Articles of Association several           Alila Villas Uluwatu was built.       construction of Alila SCBD                                             Alila SCBD Hotel area; and the
perubahan terakhir yaitu Akta Nomor 13 tanggal 16 Februari          times and the latest amendment was Deed Number 13 dated                                                                                   Akusisi Alila Manggis.
                                                                                                                                                                          Jakarta.                            Acquisition of Alila Manggis.      groundbreaking of Alila Villas
2017 yang dibuat dihadapan Ashoya Ratam, Notaris di                 February 16, 2017 which was made before Ashoya Ratam,                                                                                                                        Bintan.
Kota Administrasi Jakarta Selatan, bidang usaha Perseroan           a Notary in South Jakarta, The Company’s line of business       2008
sebagaimana tercantum dalam Pasal 3 adalah sebagai                  as stated in Article 3 as a developer that focuses on eco-      Pengambilalihan aset tetap            2012                                2016                               Akuisisi 99% saham PT
perusahaan pengembang yang fokus pada hotel dan resor               friendly hotels and resorts. BUVA properties have gained        dan operasional hotel Alila           Pemasangan tiang pancang                                               Bukit Borobudur untuk
                                                                                                                                                                                                              Penambahan modal tanpa
ramah lingkungan. Properti BUVA telah mendapatkan                   international recognition with some of the best property        Ubud.                                 perdana Alila SCBD.                                                    pembangunan Alila
                                                                                                                                                                                                              Hak Memesan Efek Terlebih
pengakuan internasional dengan beberapa portofolio properti         portfolios including Alila Ubud, Alila Villas Uluwatu, Alila    Acquisition of fixed assets and       Groundbreaking of Alila SCBD.                                          Borobudur.
                                                                                                                                                                                                              Dahulu (HMETD).
terbaik di antaranya Alila Ubud, Alila Villas Uluwatu, Alila        Manggis, Alila SCBD, and Dialoog Banyuwangi.                    operations of Alila Ubud hotel.                                           Capital increase without           Acquisition of 99% shares
Manggis, Alila SCBD, dan Dialoog Banyuwangi.                                                                                                                              Pendirian PT Culina Global                                             of PT Bukit Borobudur for
                                                                                                                                                                                                              Pre-emptive Rights (HMETD).
                                                                                                                                                                          Utama, yang 49,94%
Pada tanggal 12 Juli 2010, Perseroan melakukan penawaran            On July 12, 2010, the Company conducted an initial public
                                                                                                                                    2009                                  sahamnya dimiliki oleh BUVA.
                                                                                                                                                                                                                                                 the construction of Alila
                                                                                                                                                                                                                                                 Borobudur.
umum perdana di Bursa Efek Indonesia dengan perolehan               offering on the Indonesia Stock Exchange with the acquisition
                                                                                                                                    Pembukaan Alila Villas
                                                                                                                                    Uluwatu.
                                                                                                                                                                          Establishment of PT Culina          2017
dana mencapai Rp222,85 miliar dan tercatat menggunakan              of funds reaching Rp222.85 billion and was registered using                                           Global Utama, of which       Pembentukan Komite
                                                                                                                                    Opening of Alila Villas               49.94% of shares were owned Keberlanjutan Perusahaan
kode perdagangan BUVA.                                              the trading code BUVA.
                                                                                                                                    Uluwatu.                              by BUVA.                     (Corporate Sustainability
                                                                                                                                                                                                       Committee) serta
                                                                                                                                    2010                                  Akuisisi PT Bukit Nusa       memperjelas visi menjadi
                                                                                                                                                                          Harapan untuk pembangunan usaha peduli lingkungan.
                                                                                                                                    Perseroan menjadi
                                                                                                                                                                          The Cliff.                   Establishment of the
                                                                                                                                    perusahaan publik yang
                                                                                                                                                                          Acquisition of PT Bukit Nusa Corporate Sustainability
                                                                                                                                    tercatat di Bursa Efek
                                                                                                                                                                          Harapan for the construction Committee that enhances the
                                                                                                                                    Indonesia dengan kode
                                                                                                                                                                          of The Cliff.                vision to be a company that
                                                                                                                                    saham BUVA.
                                                                                                                                    The Company became a                                               cares about the environment.
                                                                                                                                    publicly listed company on            2013
                                                                                                                                    the Indonesia Stock Exchange
                                                                                                                                    with ticker code BUVA.
                                                                                                                                                                          Liberte French Brasserie di         2018
                                                                                                                                                                          Pacific Place, Jakarta, mulai       Pembukaan Omnia Dayclub
                                                                                                                                                                          beroperasi.                         dan Restoran SakeNoHana di
                                                                                                                                    Akuisisi PT Bukit Lagoi Villa         Liberte French Brasserie at         Bali; Restoran Vong Kitchen
                                                                                                                                    untuk mendirikan Alila Villas         Pacific Place, Jakarta, started     dan Le Burger di Jakarta;
                                                                                                                                    Bintan.                               to operate.                         Hotel Dialoog Banyuwangi di
                                                                                                                                    Acquisition of PT Bukit Lagoi                                             Banyuwangi; dan Hotel Alila
                                                                                                                                    Villa to build Alila Villas Bintan.   Pembukaan empat Terrace             SCBD Jakarta.
                                                                                                                                                                          Tree Villa di Alila Ubud.           Opening of Omnia Dayclub
                                                                                                                                                                          The Opening of four Terrace         and SakeNoHana Restaurant
                                                                                                                                                                          Tree Villas in Alila Ubud.          in Bali; Vong Kitchen and Le
                                                                                                                                                                                                              Burger restaurants in Jakarta;
                                                                                                                                                                                                              Hotel Dialoog Banyuwangi in
                                                                                                                                                                                                              Banyuwangi; Alila SCBD Hotel
                                                                                                                                                                                                              in Jakarta.




PT Bukit Uluwatu Villa Tbk                                     30                            Laporan Tahunan 2021 Annual Report          Annual Report 2021 Laporan Tahunan                              31                                         PT Bukit Uluwatu Villa Tbk
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Visi & Misi                                                                              Bidang Usaha, Produk, dan Jasa Bidang Usaha
Vison & Mission                                                                          Line of Business, Products, and Services Line of Business


                                                                                         Kegiatan usaha BUVA berdasarkan pasal 3 Anggaran Dasar              Based on article 3 of the Company’s Articles of Association,
                                                                                         Perusahaan adalah sebagai berikut:                                  BUVA’s business activities are as follows:

                                                                                         1. Maksud dan tujuan Perseroan ialah berusaha dalam                 1. The Company has a purpose and objective to conduct
                                                                                            bidang jasa akomodasi (cottage) dan perhotelan.                     a business in accommodation (cottage) and hospitality
                                                                                                                                                                services.

    VISI Vision                                                                          2. Untuk mencapai maksud dan tujuan tersebut di atas,
                                                                                            Perseroan dapat melaksanakan kegiatan usaha utama
                                                                                                                                                             2. To achieve the above purposes and objectives, the
                                                                                                                                                                Company can carry out the following main business
    Menjadi pemimpin di industri lifestyle                                                  sebagai berikut:                                                    activities:
    melalui penggabungan konsep desain                                                      • Menjalankan kegiatan usaha sebagai jasa akomodasi                 • Running business activities in accommodation
    yang luar biasa, kekayaan budaya                                                           (cottage);                                                          services (cottages);
                                                                                            • Menyediakan jasa penginapan yang meliputi                         • Providing lodging services which include the
    lokal dan keramahan lingkungan.                                                            penyediaan kamar menginap, tempat dan pelayanan                     provision of rooms to stay, eating and drinking
                                                                                               makan dan minum, pelayanan pencucian pakaian/                       places and services, laundry services, provision of
    To lead the lifestyle industry through a                                                   binatu, penyediaan fasilitas akomodasi dan pelayanan                accommodation facilities and other services needed
                                                                                               lain yang diperlukan bagi penyelenggaraan kegiatan                  for the implementation of hotel business activities;
    combination of extraordinary design,
                                                                                               usaha hotel;
    local cultures and eco-friendliness.                                                    • Memperoleh tanah dengan maksud untuk                              • Obtaining land to build a hotel or cottage or other
                                                                                               membangun hotel atau cottage atau tempat tujuan                    tourism destination which becomes one unit with the
                                                                                               pariwisata lainnya yang menjadi satu kesatuan                      land.
                                                                                               dengan tanah yang bersangkutan.

                                                                                         3. Guna menunjang kegiatan utama tersebut Perseroan                 3. To support the main activities, the Company carry out
                                                                                            dapat melakukan kegiatan sebagai berikut:                           the following activities:
    MISI Mission                                                                            • Memperoleh bangunan lama dengan maksud untuk
                                                                                               membangun dan mengelolanya sebagai hotel;
                                                                                                                                                                • Obtain an old building with the intention of rebuilding
                                                                                                                                                                   and managing it as a hotel;
    Menciptakan destinasi liburan                                                           • Menyewa tanah dengan maksud untuk membangun                       • Rent land with the intention of building a hotel which
    baru dengan membangun pusat-                                                               hotel yang menjadi satu kesatuan dengan tanah                       becomes one unit with the land;
    pusat lifestyle yang berkelas seraya                                                       bersangkutan;
                                                                                            • Memperoleh saham dari perusahaan lain yang                        • Obtain shares from other companies that own
    mempromosikan budaya dan konsep
                                                                                               memiliki bangunan, tanah dan/atau komplek hotel                    buildings, land and/or hotel or cottage complexes,
    bangunan yang ramah lingkungan                                                             atau cottage, pengembangan hotel baru, restoran,                   new hotels construction, restaurants, spas, fitness
    baik di dalam maupun luar Indonesia.                                                       spa, fitness center, tempat karaoke dan/atau fasilitas             centers, karaoke places and/or hotel entertainment
                                                                                               hiburan hotel dan transportasi yang tengah berjalan;               and transportation facilities that are in progress;
                                                                                            • Mengambil alih usaha hotel, restoran, spa, fitness                • Take over hotel businesses, restaurants, spas, fitness
    To create new destination through                                                          center, tempat karaoke dan/atau fasilitas hiburan,                 centers, karaoke places and/or entertainment facilities
    the development of tasteful lifestyle                                                      hotel dan transportasi;                                            and transportation;
    centers while promoting the culture                                                     • Menjalankan fungsi sebagai Hotel Management                       • Perform functions as a Hotel Management Company;
                                                                                               Company;
    and sustainable developments in                                                         • Mengoperasikan vila/unit milik pihak ketiga                       • Operate villas/units owned by third parties based on
    Indonesia and around the world.                                                            berdasarkan kerja sama operasi; dan                                joint operations;
                                                                                            • Mengoperasikan usaha event organizer termasuk                     • Operate an event organizer business including but not
                                                                                               namun tidak terbatas pada wedding organizer dan                    limited to wedding organizers and party organizers;
                                                                                               party organizer.
                                                                                            • Memiliki dan mengoperasikan usaha restoran;                       • Own and operate a restaurant business;
                                                                                            • Memiliki dan mengoperasikan usaha spa;                            • Own and operate a spa business;
                                                                                            • Mengoperasikan usaha dan memproduksi produk-                      • Operate businesses and produce products for hotel &
                                                                                               produk kebutuhan hotel & resor dalam ruang lingkup                 resort needs within the scope of gift shops including
                                                                                               gift shop termasuk namun tidak terbatas pada                       but not limited to clothing and jewelry;
                                                                                               pakaian dan perhiasan;
                                                                                            • Menjual kavling tanah yang berlokasi dalam                        • Sell land plots located in hotel & resort areas and/
                                                                                               kawasan hotel & resor dan/atau bangunan-bangunan                   or buildings that become one unit with the land
                                                                                               yang menjadi satu kesatuan dengan tanah yang                       concerned.
                                                                                               bersangkutan.




PT Bukit Uluwatu Villa Tbk                     32   Laporan Tahunan 2021 Annual Report   Annual Report 2021 Laporan Tahunan                             33                                       PT Bukit Uluwatu Villa Tbk
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  Profil Perusahaan | Company Profile                                                                                                                                                                                              Profil Perusahaan | Company Profile




Sesuai dengan pasal 3 Anggaran Dasar Perseroan, ruang              In accordance with article 3 of the Company’s Articles of
lingkup kegiatan Perseroan terutama meliputi penyediaan            Association, the scope of the Company’s activities mainly
jasa akomodasi yang kemudian berubah menjadi bidang                covers the provision of accommodation services which then
jasa akomodasi dan perhotelan.                                     turn into accommodation and hospitality services.


PRODUK, JASA, DAN LAYANAN                                          PRODUCTS AND SERVICES

Alila Villas Uluwatu, Bali                                         Alila Villas Uluwatu, Bali
Alila Villas Uluwatu yang didesain oleh WOHA Design Pte            Alila Villas Uluwatu designed by WOHA Design Pte Ltd, a well-
Ltd, perusahaan arsitektur terkenal di Singapura, merupakan        known architectural firm in Singapore, is one of the world’s
salah satu resor terkemuka di dunia yang dapat disejajarkan        leading resorts that sits at the same place as Bulgari, Banyan
dengan Bulgari, Banyan Tree, dan Karma Kandara. Resor              Tree and Karma Kandara. Located on a cliff top along the
yang terletak di puncak tebing di sepanjang pantai selatan         southern coast on Bukit Peninsula, Bali, this resort offers
di Bukit Peninsula, Bali ini menyajikan pemandangan pantai         breathtaking beach views with vast expanses of waves
yang menakjubkan dengan hamparan ombak dan langit biru             and blue sky.
yang luas.

Selain memberikan pengalaman baru yang unik, Alila Villas          In addition to providing a unique new experience, Alila Villas
Uluwatu dirancang terintegrasi dengan alam sekitar dan             Uluwatu is designed to be integrated with the surrounding
ramah lingkungan. Hal ini terlihat dari penggunaan kayu            nature. The resort is known to be environmentally friendly
daur ulang untuk bahan bangunan, penggunaan air sekitar            from its use of recycled wood for building materials, the
dengan memanfaatkan air hujan dan air kolam renang                 use of water by ultilizing rainwater, the use of swimming
yang menggunakan air laut. Penanganan limbah air juga              pool water uses seawater. Wastewater management is
dikelola secara terencana sebagai bagian dari komitmen             also managed to preserve the environment as part of the
keberlanjutan.                                                     sustainability commitment.
                                                                                                                                    Alila Ubud, Bali                                                      Alila Ubud, Bali
                                                                                                                                    Alila Ubud yang terletak di lereng bukit di sepanjang tepi            Alila Ubud, located on a hillside along the edge of the Ayung
                                                                                                                                    Sungai Ayung, merupakan resor istimewa yang menyajikan                River, is an excuisite resort with a perfect blend of natural
                                                                                                                                    perpaduan sempurna keindahan alam dan keunikan                        beauty and unique Balinese culture. The resort was designed
                                                                                                                                    budaya Bali. Di resor yang didesain oleh perusahaan arsitek           by the world’s leading architectural firm, Kerry Hill, where
                                                                                                                                    terkemuka dunia, Kerry Hill, pengunjung dapat menikmati               visitors can enjoy a hidden garden, a spacious terrace and
                                                                                                                                    taman tersembunyi, teras luas, dan taman tropis yang indah.           a beautiful tropical garden.

                                                                                                                                    Alila Ubud terdiri dari dua lantai dan terdapat 14 unit vila          Alila Ubud has two floors and 14 unit of villas as well as an
                                                                                                                                    serta kolam renang “tanpa batas” dengan cabana di tepi                “infinity” swimming pool with poolside cabana facing the river
                                                                                                                                    kolam yang semuanya menghadap langsung ke lembah                      valley. The resort is equipped with supporting facilities such
                                                                                                                                    sungai. Resor ini dilengkapi fasilitas pendukung seperti ruang        as meeting rooms, art gallery boutique, the Spa Alila, library
                                                                                                                                    rapat, butik galeri seni, The Spa Alila, ruang perpustakaan,          room, and wedding hall. In addition, there is a restaurant
                                                                                                                                    dan ruang pernikahan. Selain itu, terdapat restoran di tengah         in the middle of the garden as well as a bale bengong for
                                                                                                                                    perkebunan serta bale bengong bagi para pengunjung untuk              visitors to enjoy a unique culinary experience.
                                                                                                                                    menikmati sensasi kuliner unik.




PT Bukit Uluwatu Villa Tbk                                    34                             Laporan Tahunan 2021 Annual Report     Annual Report 2021 Laporan Tahunan                               35                                        PT Bukit Uluwatu Villa Tbk
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  Profil Perusahaan | Company Profile                                                                                                                                                                                              Profil Perusahaan | Company Profile




Alila Manggis, Bali                                                  Alila Manggis, Bali
Alila Manggis merupakan resor eksklusif yang terletak di Bali        Alila Manggis is an exclusive resort located in East Bali.
Timur. Resor ini tempat yang sempurna bagi pengunjung yang           The resort is the perfect place for visitors who want to seek
ingin mencari ketenangan dan pengalaman baru menyatu                 tranquility and new experiences and blend with amazing
dengan alam yang menakjubkan.                                        nature.

Alila Manggis menawarkan fasilitas modern yang menyatu               Alila Manggis offers modern facilities that blend with the       Alila SCBD, Jakarta                                                 Alila SCBD, Jakarta
dengan alam sekitar seperti kolam renang besar di tengah-            surrounding nature such as a large swimming pool in the          Alila SCBD Jakarta merupakan hotel mewah berstandar                 Alila SCBD Jakarta is an international standard luxury hotel
tengah resor yang berdesain geometris sempurna dengan                middle of the resort facing the sea views. This resort is also   dunia yang menawarkan fasilitas lengkap dan modern sesuai           that offers complete and modern facilities to support the
pemandangan laut. Resor ini juga dilengkapi dengan                   equipped with a natural spa that provides natural freshness      dengan gaya hidup masyarakat perkotaan. Hotel ini memiliki          lifestyle of urban communities. The rooms have a unique
spa natural yang dapat memberi kesegaran alami yang                  that can pamper visitors and also a beachside bar where you      desain kamar yang unik dan ruang serba guna cukup luas              design and the spacious function room is equipped with a
memanjakan pengunjung dan juga bar di pinggir pantai                 can relax while enjoying the sea view.                           serta dilengkapi dengan kolam renang, pusat kebugaran               swimming pool, fitness center with the latest equipment and
tempat bersantai sambil menikmati pemandangan laut.                                                                                   dengan peralatan terbaru serta spa. Pengunjung juga dapat           also a spa. Visitors can also relax and enjoy quality food and
                                                                                                                                      bersantai dan menikmati makanan dan minuman berkualitas             drinks with a night view on the elegantly designed rooftop.
                                                                                                                                      dengan pemandangan malam di rooftop yang didesain
                                                                                                                                      dengan elegan.

                                                                                                                                      Alila SCBD sangat tepat untuk mengadakan pertemuan                  Alila SCBD is perfect for holding business meetings, wedding
                                                                                                                                      bisnis, acara resepsi pernikahan maupun tempat beristirahat.        ceremonies as well as a place to get some rest. The easily
                                                                                                                                      Lokasi yang mudah diakses dan fasilitas yang istimewa               accessible location and excellent facilities will provide a
                                                                                                                                      akan memberikan pengalaman yang menyenangkan bagi                   pleasant experience for the visitors.
                                                                                                                                      para pengunjung.




PT Bukit Uluwatu Villa Tbk                                      36                             Laporan Tahunan 2021 Annual Report     Annual Report 2021 Laporan Tahunan                             37                                        PT Bukit Uluwatu Villa Tbk
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  Profil Perusahaan | Company Profile                                                                                                                                                                                                  Profil Perusahaan | Company Profile




Properti Dalam Pengembangan
Property in Development




The Cliff, Bali                                                   The Cliff, Bali                                                   Alila Villas Bintan, Kepulauan Riau                                     Alila Villas Bintan, Kepulauan Riau
The Cliff menawarkan alternatif tempat menginap di Bali           The Cliff offers an alternative place to stay in Bali with        Resor Alila Villas Bintan, Kepulauan Riau menawarkan                    Alila Villas Bintan Resort, Riau Islands offers a flexible and
dengan keindahan pemandangan Samudera Hindia. Resor               beautiful views of the Indian Ocean. This luxury cliff-top        fleksibilitas pengalaman menginap yang istimewa dengan                  exquisite stay experience with one of the world’s leading
mewah di atas tebing ini memiliki 52 suite yang semuanya          resort has 52 suites, all of which overlook the ocean. Visitors   salah satu pusat perbelanjaan terkemuka di dunia. Dibangun              shopping malls. Built on an area of 14 hectares, Alila Villas
menghadap lautan. Para pengunjung dapat menikmati                 can enjoy the sound of the waves and the limitless blue sky.      di atas lahan seluas 14 hektar, Alila Villas Bintan terdiri dari        Bintan consists of 40 villas and it has other facilities that will
deburan suara ombak dan langit biru tanpa batas.                                                                                    40 villa dan juga fasilitas lainnya yang akan memanjakan                pamper visitors such as an infinity swimming pool, restaurant,
                                                                                                                                    para pengunjung seperti kolam renang tanpa batas, restoran,             bar, library and tea room full of serenity.
The Cliff mengusung konsep resor yang lengkap di bawah            The Cliff carries the concept of a complete resort under one      bar untuk bersantai, perpustakaan serta tempat minum teh
satu atap dengan restoran dan bar berdesain ekslusif dan          roof with exclusive and modern design restaurants and bars.       yang penuh dengan ketenangan.
modern. Salah satu yang menarik adalah desain bar yang            One of the highlights is the bar design that is deliberately
sengaja ditempatkan menggantung di tepi tebing untuk              placed hanging over the edge of the cliff to provide a unique     Resor yang terletak di tepi pantai yang luas ini memungkinkan           The resort is located on the vast beach, allowing visitors to
memberikan pengalaman unik saat bersantai di resor. Selain        experience when relaxing at the resort. In addition, there        pengunjung untuk dapat memanjakan diri dengan berjalan-                 indulge in a relaxing stroll on the private beach area. This
itu, terdapat berbagai fasilitas pendukung seperti kolam          are various supporting facilities such as swimming pools.         jalan santai di area pantai pribadi. Resor ini nantinya akan            resort will be managed by PT Bukit Lagoi Villa, a subsidiary
renang.                                                                                                                             dikelola oleh PT Bukit Lagoi Villa, entitas anak Perseroan.             of the Company.




PT Bukit Uluwatu Villa Tbk                                   38                             Laporan Tahunan 2021 Annual Report      Annual Report 2021 Laporan Tahunan                                 39                                          PT Bukit Uluwatu Villa Tbk
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  Profil Perusahaan | Company Profile                                                                                                                                            Profil Perusahaan | Company Profile




Struktur Organisasi                                                                                               Profil Direksi
Organizational Structure                                                                                          Board of Directors Profile


                                               Dewan Komisaris
                                            Board of Commissioners


                                                                             Komite Nominasi &
              Komite Audit                                                      Remunerasi
             Audit Committee                                              Nomination & Remuneration
                                                                                 Committee


                                                Direktur Utama
                                               President Director



               Audit Internal                                               Sekretaris Perusahaan
               Internal Audit                                                Corporate Secretary




                                                                           Corporate Sustainability
                                                                                 Committee




          Direktur Keuangan
                                               Direktur Strategi &
                                             Pengembangan Bisnis
                                                                                                                         1                                  2
           Financial Director           Strategy & Business Development
                                                     Director



          Pajak & Keuangan                             Pemasaran                   Hukum
          Tax & Accounting                              Marketing                   Legal



                                                                                                                                                            1
                                                                                                                                                                Franky Tjahyadikarta
                                                                                                                                                                Direktur Utama
       Keuangan & Administrasi                      Pengadaan & QS                                                                                              President Director
                                                                                  HR & GA
       Finance & Administration                     Procurement & QS



                                                                                                                                                            2
                                                                                                                                                                Hendry Utomo
                                                                                                                                                                Direktur
                                                                                                                                                                Director
          Teknologi Informasi
                                                       PROJECTS



                                                                                                                                                            3
        Information Technology
                                                                                                                                                                I Nyoman Tri Suryanegara Lingga
                                                                                                                                                                Direktur
                                                                                                                                                                Director
          Analisis Keuangan
           Financial Analyst




        Keuangan Perusahaan
          Corporate Finance




                                                                                                                         3


PT Bukit Uluwatu Villa Tbk                               40                  Laporan Tahunan 2021 Annual Report   Annual Report 2021 Laporan Tahunan   41                                    PT Bukit Uluwatu Villa Tbk
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  Profil Perusahaan | Company Profile                                                                                                                                                                 Profil Perusahaan | Company Profile




                                        Usia | Age                                :   64 tahun | 64 years old                                                Usia | Age                                :   54 tahun | 54 years old
                                        Kewarganegaraan | Citizenship             :   Indonesia                                                              Kewarganegaraan | Citizenship             :   Indonesia
                                        Riwayat Pendidikan/sertifikasi | Education History/Certification                                                     Riwayat Pendidikan/sertifikasi | Education History/Certification
                                        Mendapatkan gelar Sarjana di bidang Teknik Sipil dari University College,                                            Sarjana Bisnis di bidang akuntansi dari California State University, Los
                                        London tahun 1981 dan mendapatkan gelar Master di bidang Struktur Baja                                               Angeles, tahun 1986 dan University of Wisconsin, Madison tahun 1987
                                        dari Imperial College, London tahun 1982.                                                                            dari bidang yang sama. Gelar Master di bidang Bisnis Internasional dari
                                                                                                                                                             Prasetya Mulya Business School tahun 1996.
                                        He obtained a Bachelor’s degree in Civil Engineering from University College,
                                        London in 1981 and a Master’s degree in Steel Structure from Imperial                                                Bachelor’s Degree in Accounting from California State University, Los Angeles,
                                        College, London in 1982.                                                                                             in 1986 and University of Wisconsin, Madison in 1987 in the same field.
                                        Riwayat Jabatan | Work Experience                                                                                    Master’s Degree in International Business from Prasetya Mulya Business
                                        Diangkat kembali sebagai Direktur Utama BUVA untuk periode 2020-2025                                                 School in 1996.
                                        berdasarkan keputusan RUPS Tahunan pada 28 Agustus 2020. Sebelumnya,                                                 Riwayat Jabatan | Work Experience
                                        beliau pernah menjabat sebagai Direktur Utama PT Nusantara Island Resort                                             Diangkat kembali sebagai Direktur BUVA untuk periode 2020-2025
                                        pada 1989; Komisaris PT Asia Leisure Network sejak 2010; Direktur Alila                                              berdasarkan keputusan RUPS Tahunan pada 28 Agustus 2020. Sebelumnya,
                                        Hotels and Resorts Pte Ltd (2004-2018); Direktur PT Bali Ocean Magic                                                 beliau pernah menjabat sebagai Direktur Utama PT Mandra Alila sejak
                                        (1988-2017); Direktur Utama PT Mandra Alila (1995-2015); Komisaris PT                                                2015. Beliau memiliki rangkap jabatan sebagai Komisaris di beberapa
Franky Tjahyadikarta                    Adiprotek Envirodunia (1991-2013); Direktur PT Bina Bodi Prima (20002013);      Hendry Utomo                         perusahaan yang bergerak di bidang manufaktur dan perdagangan material
Direktur Utama                          dan Direktur PT Sarana Bodi Atmaraga. Beliau memiliki rangkap jabatan           Direktur                             bangunan dan pendidikan.
President Director                                                                                                      Director
                                        sebagai Komisaris PT Asia Leisure Network.
                                                                                                                                                             Re-appointed as Director of BUVA for the period of 2020-2025 based on
                                        Re-appointed as President Director of BUVA for the period of 2020-2025                                               the decision of the Annual GMS on August 28, 2020. Previously, he served
                                        based on the decision of the Annual GMS on August 28, 2020. Previously,                                              as President Director of PT Mandra Alila since 2015. He has concurrent
                                        he served as President Director of PT Nusantara Island Resort in 1989;                                               positions as Commissioner in several companies engaged in manufacturing
                                        Commissioner of PT Asia Leisure Network since 2010; Director of Alila Hotels                                         and trading of building materials and education.
                                        and Resorts Pte Ltd (2004-2018); Director of PT Bali Ocean Magic (1988-                                              Hubungan Afiliasi | Affiliate Relationship
                                        2017); President Director of PT Mandra Alila (1995-2015); Commissioner                                               Beliau tidak memiliki hubungan afiliasi terhadap anggota Direksi, Dewan
                                        of PT Adiprotek Envirodunia (1991-2013); Director of PT Bina Bodi Prima                                              Komisaris, dan Pemegang Saham Utama dan Pengendali.
                                        (2000-2013); and Director of PT Sarana Bodi Atmaraga. He has concurrent
                                        positions as Commissioner of PT Asia Leisure Network.                                                                He has no affiliation with members of the Board of Directors, Board of
                                        Hubungan Afiliasi | Affiliate Relationship                                                                           Commissioners, and Major and Controlling Shareholders.
                                        Terdapat hubungan afiliasi dengan Komisaris Utama, Okie Rehardi Lukita.,
                                        yaitu sama-sama sebagai pemegang saham PT Asia Leisure Network
                                        (ALN) dengan kepemilikan masing-masing sebesar 50%. ALN merupakan
                                        pemegang saham utama Perseroan.


                                        There is an affiliated relationship with the President Commissioner of
                                        the Company, Okie Rehardi Lukita. They are are both shareholders of PT
                                        Asia Leisure Network (ALN) and each own 50% shares. ALN is the main
                                        shareholder of the Company.




PT Bukit Uluwatu Villa Tbk                           42                           Laporan Tahunan 2021 Annual Report    Annual Report 2021 Laporan Tahunan                43                                      PT Bukit Uluwatu Villa Tbk
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  Profil Perusahaan | Company Profile                                                                                                                               Profil Perusahaan | Company Profile




                                                                                                                      Profil Dewan Komisaris
                                                                                                                      Board of Commissioners Profile


                                        Usia | Age                               :   49 tahun | 49 years old
                                        Kewarganegaraan | Citizenship            :   Indonesia
                                        Riwayat Pendidikan/sertifikasi | Education History/Certification
                                        Lulus dari Hotel & Tourism Training Institute tahun 1990. Memiliki
                                        pengalaman lebih dari 20 tahun di bidang manajemen hotel.


                                        Graduated from Hotel & Tourism Training Institute in 1990. Has more than
                                        20 years of experience in hotel management.
                                        Riwayat Jabatan | Work Experience
                                        Diangkat kembali sebagai Direktur BUVA untuk periode 2020-2025
                                        berdasarkan keputusan RUPS Tahunan pada 28 Agustus 2020. Sebelumnya
                                        beliau menjabat sebagai General Manager Waterbom Bali (2009-2019).


                                        Re-appointed as Director of BUVA for the period of 2020-2025 based on
                                        the decision of the Annual GMS on August 28, 2020. Previously he served
                                        as General Manager of Waterbom Bali (2009-2019).                                1                                  2        3
                                        Hubungan Afiliasi | Affiliate Relationship



                                                                                                                      1
I Nyoman Tri Suryanegara Lingga         Beliau tidak memiliki hubungan afiliasi terhadap anggota Direksi, Dewan             Okie Rehardi Lukita
Direktur                                                                                                                    Komisaris Utama
                                        Komisaris, dan Pemegang Saham Utama dan Pengendali.
Director                                                                                                                    President Commissioner




                                                                                                                      2
                                        He has no affiliation with members of the Board of Directors, Board of
                                        Commissioners, and Major and Controlling Shareholders.                              Alexander Shaik
                                                                                                                            Komisaris Independen
                                                                                                                            Independent Commissioner




                                                                                                                      3
                                                                                                                            Seong Hoon Park
                                                                                                                            Komisaris
                                                                                                                            Commissioner




                                                                                                                      4
                                                                                                                            Johandi Kumaheri
                                                                                                                            Komisaris Independen           4        5
                                                                                                                            Independent Commissioner




                                                                                                                      5
                                                                                                                            I Gusti Putu Wisesa
                                                                                                                            Komisaris Independen
                                                                                                                            Independent Commissioner




PT Bukit Uluwatu Villa Tbk                           44                          Laporan Tahunan 2021 Annual Report   Annual Report 2021 Laporan Tahunan       45               PT Bukit Uluwatu Villa Tbk
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  Profil Perusahaan | Company Profile                                                                                                                                                                    Profil Perusahaan | Company Profile




                                        Usia | Age                                 :   71 tahun | 71 years old                                                  Usia | Age                     :   49 tahun | 49 years old
                                        Kewarganegaraan | Citizenship              :   Indonesia                                                                Kewarganegaraan                :   Australia dan Inggris, Hong Kong PR
                                        Riwayat Pendidikan/sertifikasi | Education History/Certification                                                        Citizenship                        Australia and UK, PR of Hong Kong
                                        Mendapatkan gelar di bidang Matematika dari University of California, Los                                               Riwayat Pendidikan/sertifikasi | Education History/Certification
                                        Angeles, AS, tahun 1972 dan gelar Master di bidang Keuangan dari Northrop                                               Meraih Bachelor of Laws (Honours), University of Melbourne dan Bachelor
                                        Institute of Technology, AS, tahun 1975.                                                                                of Arts, University of Melbourne. Bar Admissions: Victoria, Australia (1998),
                                                                                                                                                                Australian Capital Territory (1999), High Court of Australia (2001), Law
                                        He obtained a Bachelor’s degree in Mathematics from the University of                                                   Society of England and Wales (2002).
                                        California, Los Angeles, USA, in 1972 and a Master’s degree in Finance
                                        from the Northrop Institute of Technology, USA, in 1975.                                                                He obtained a Bachelor of Laws (Honours) and a Bachelor of Arts, from
                                        Riwayat Jabatan | Work Experience                                                                                       the University of Melbourne. Bar Admissions: Victoria, Australia (1998),
                                        Diangkat kembali sebagai Komisaris Utama BUVA untuk periode 2020-2025                                                   Australian Capital Territory (1999), High Court of Australia (2001), Law
                                        berdasarkan keputusan RUPS Tahunan pada 28 Agustus 2020. Sebelumnya                                                     Society of England and Wales (2002).
                                        pernah menjabat sebagai Komisaris PT Jawa Express Amanda Indah                                                          Riwayat Jabatan | Work Experience
                                        (1997-2014); Komisaris PT Nusapacific Island Development (1992-2006);                                                   Diangkat kembali sebagai Komisaris Independen BUVA untuk periode
                                        Komisaris PT Asia Leisure Network (2008-2010); Marketing Division Head                                                  2020-2025 berdasarkan keputusan RUPS Tahunan pada 28 Agustus 2020.
                                        di Citibank, Jakarta; dan bergabung dengan Astra Group, (1983-1990).                                                    Sebelumnya menjabat sebagai Senior Associate, International Finance
Okie Rehardi Lukita                                                                                                        Alexander Shaik                      Group di Sidley Austin, Hong Kong (2001-2005); Associate, International
Komisaris Utama                         Re-appointed as President Commissioner of BUVA for the period of 2020-             Komisaris Independen                 Capital Markets di Allen & Overy, Tokyo, Jepang (2001); Solicitor, corporate
President Commissioner                                                                                                     Independent Commissioner
                                        2025 based on the decision of the Annual GMS on August 28, 2020.                                                        and commercial group di Blake Dawson Waldron, Canberra, Australia (1999-
                                        Previously served as Commissioner of PT Jawa Express Amanda Indah                                                       2001); Solicitor, commercial group di Holding Redlich, Melbourne, Australia
                                        (1997-2014); Commissioner of PT Nusapacific Island Development (1992-                                                   (1997-1999); dan Legal officer, HQ group di Commonwealth Department Of
                                        2006); Commissioner of PT Asia Leisure Network (2008-2010); Marketing                                                   Primary Industries And Energy (19951997). Beliau memiliki rangkap jabatan
                                        Division Head at Citibank, Jakarta; and joined the Astra Group (1983-1990).                                             sebagai Partner (holding equity), General Counsel, Chief Compliance Officer
                                        Hubungan Afiliasi | Affiliate Relationship                                                                              di Asia Debt Management Hong Kong Ltd., Hong Kong sejak 2005.
                                        Beliau memiliki hubungan afiliasi dengan Direktur Utama Perseroan
                                        yaitu sama-sama sebagai pemegang saham PT Asia Leisure Network                                                          Re-appointed as Independent Commissioner of BUVA for the period
                                        (ALN) dengan kepemilikan masing-masing sebesar 50%. ALN merupakan                                                       2020-2025 based on the decision of the Annual GMS on August 28, 2020.
                                        pemegang saham utama Perseroan.                                                                                         Previously served as Senior Associate, International Finance Group in Sidley
                                                                                                                                                                Austin, Hong Kong (2001-2005); Associate, International Capital Markets
                                        There is an affiliation relationship with the President Director of the Company.                                        at Allen & Overy, Tokyo, Japan (2001); Solicitor, corporate and commercial
                                        He and the President Director of the Company each own 50% shares of PT                                                  group at Blake Dawson Waldron, Canberra, Australia (1999-2001); Solicitor,
                                        Asia Leisure Network (ALN), which is the main shareholder of the Company.                                               commercial group at Holding Redlich, Melbourne, Australia (1997-1999);
                                                                                                                                                                and Legal officer, HQ group in the Commonwealth Department of Primary
                                                                                                                                                                Industries and Energy (1995-1997). He has concurrent positions as Partner
                                                                                                                                                                (holding equity), General Counsel, Chief Compliance Officer at Asia Debt
                                                                                                                                                                Management Hong Kong Ltd., Hong Kong since 2005.
                                                                                                                                                                Hubungan Afiliasi | Affiliate Relationship
                                                                                                                                                                Beliau tidak memiliki hubungan afiliasi terhadap anggota Direksi, Dewan
                                                                                                                                                                Komisaris, dan Pemegang Saham Utama dan Pengendali.


                                                                                                                                                                He has no affiliation with members of the Board of Directors, Board of
                                                                                                                                                                Commissioners, and Major and Controlling Shareholders.




PT Bukit Uluwatu Villa Tbk                           46                             Laporan Tahunan 2021 Annual Report     Annual Report 2021 Laporan Tahunan                 47                                     PT Bukit Uluwatu Villa Tbk
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  Profil Perusahaan | Company Profile                                                                                                                                                                Profil Perusahaan | Company Profile




                                        Usia | Age                                :   50 tahun | 50 years old                                                Usia | Age                               :   64 tahun | 64 years old
                                        Kewarganegaraan | Citizenship             :   Republik Korea                                                         Kewarganegaraan | Citizenship            :   Indonesia
                                                                                      Republic of Korea                                                      Riwayat Pendidikan/sertifikasi | Education History/Certification
                                        Riwayat Pendidikan/sertifikasi | Education History/Certification                                                     Mendapatkan gelar Sarjana di bidang Arsitektur dari Universitas Katholik
                                        Lulusan Literasi Rusia dari Seoul National University, Korea Selatan tahun                                           Parahyangan, Bandung, tahun 1981 dan gelar Master dari Prasetya Mulya
                                        1997. Menyelesaikan program MBA dari University of California di Berkeley,                                           Institute of Management tahun 2000.
                                        Amerika Serikat, tahun 2018.
                                                                                                                                                             He obtained a Bachelor’s degree in Architecture from Parahyangan Catholic
                                        Bachelors’s Degree in Russian Literacy from Seoul National University,                                               University, Bandung, in 1981 and a Master’s degree from Prasetya Mulya
                                        South Korea in 1997. Completed the MBA program from the University of                                                Institute of Management in 2000.
                                        California at Berkeley, USA, in 2018.                                                                                Riwayat Jabatan | Work Experience
                                        Riwayat Jabatan | Work Experience                                                                                    Diangkat kembali sebagai Komisaris Independen BUVA untuk periode
                                        Diangkat kembali sebagai Komisaris BUVA untuk periode 2020-2025                                                      2020-2025 berdasarkan keputusan RUPS Tahunan pada 28 Agustus 2020.
                                        berdasarkan keputusan RUPS Tahunan pada 28 Agustus 2020. Sebelumnya                                                  Sebelumnya menjabat sebagai Direktur Utama PT Banten West Java & PT
                                        menjabat sebagai Senior Manager, FX/Derivative Sales di NH Bank Seoul,                                               Tanjung Lesung Leisure Industry (2000-2008); Direktur di PT Sumbercipta
                                        Korea sejak 2012; Senior Manager, FX Sales Officer Citibank Korea Inc. Seoul,                                        Griyautama (1998-2006); Komisaris di PT Dewata Wibawa (1998-2003);
                                        Korea (2007-Juli 2012); Manager, Fixed Income Derivatives NH Future Seoul,                                           Komisaris di PT Jababeka Tbk (2000– 2002); Direktur PT Bali Perkasa Sukses
Seong Hoon Park                         Korea (2001-2005); dan Mirae Asset Daewoo Securities Company Limited            Johandi Kumaheri                     (1988-2000); Direktur Eksekutif PT Caterison Sukses (1988-2000); dan GM
Komisaris                               (1998-2000). Beliau memiliki rangkap jabatan sebagai Direktur, Managing         Komisaris Independen                 PT Sarotama Prima (1984-1988).Beliau memiliki rangkap jabatan sebagai
Commissioner                                                                                                            Independent Commissioner
                                        Portfolio Companies di Dominus Investment Jakarta (2017-sekarang).                                                   Direktur Utama PT Kartika Bina Medikatama sejak 2016; Direktur Utama
                                                                                                                                                             PT Indika Asaba Propertindo sejak 2013; Komisaris di PT Bayu Beringin
                                        Re-appointed as Commissioner of BUVA for the period of 2020-2025 based                                               Lestari sejak 2010; dan Direktur Utama PT Marmitria Land sejak 1999.
                                        on the decision of the Annual GMS on August 28, 2020. Previously served
                                        as Senior Manager, FX/Derivative Sales at NH Bank Seoul, Korea since                                                 Re-appointed as Independent Commissioner of BUVA for the period
                                        2012; Senior Manager, FX Sales Officer Citibank Korea Inc. Seoul, Korea                                              2020-2025 based on the decision of the Annual GMS on August 28, 2020.
                                        (2007-July 2012); Manager, Fixed Income Derivatives NH Future Seoul,                                                 Previously served as President Director of PT Banten West Java & PT
                                        Korea (2001-2005); and Mirae Asset Daewoo Securities Company Limited                                                 Tanjung Lesung Leisure Industry (2000-2008); Director at PT Sumbercipta
                                        (1998-2000). He has concurrent positions as Director, Managing Portfolio                                             Griyautama (1998-2006); Commissioner at PT Dewata Wibawa (1998-2003);
                                        Companies at Dominus Investment Jakarta (2017-present).                                                              Commissioner at PT Jababeka Tbk (2000– 2002); Director at PT Bali Perkasa
                                        Hubungan Afiliasi | Affiliate Relationship                                                                           Sukses (1988-2000); and GM at PT Sarotama Prima (1984-1988). He has
                                                                                                                                                             concurrent positions as President Director of PT Kartika Bina Medikatama
                                        Beliau tidak memiliki hubungan afiliasi terhadap anggota Direksi, Dewan
                                                                                                                                                             since 2016; President Director of PT Indika Asaba Propertindo since 2013;
                                        Komisaris, dan Pemegang Saham Utama dan Pengendali.
                                                                                                                                                             Commissioner at PT Bayu Beringin Lestari since 2010; and President Director
                                                                                                                                                             of PT Marmitria Land since 1999.
                                        He has no affiliation with members of the Board of Directors, Board of
                                        Commissioners, and Major and Controlling Shareholders.                                                               Hubungan Afiliasi | Affiliate Relationship
                                                                                                                                                             Beliau tidak memiliki hubungan afiliasi terhadap anggota Direksi, Dewan
                                                                                                                                                             Komisaris, dan Pemegang Saham Utama dan Pengendali.


                                                                                                                                                             He has no affiliation with members of the Board of Directors, Board of
                                                                                                                                                             Commissioners, and Major and Controlling Shareholders.




PT Bukit Uluwatu Villa Tbk                           48                          Laporan Tahunan 2021 Annual Report     Annual Report 2021 Laporan Tahunan                49                                     PT Bukit Uluwatu Villa Tbk
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  Profil Perusahaan | Company Profile                                                                                                                                                                                Profil Perusahaan | Company Profile




                                                                                                                       Demografi Karyawan
                                                                                                                       Employee Demographics


                                        Usia | Age                     :   56 tahun | 56 years old                          Profil Karyawan Berdasarkan Jabatan
                                        Kewarganegaraan                :   Indonesia                                        Employee Profile Based on Position
                                        Citizenship                        Indonesia                                                                                            Lokasi Kerja
                                                                                                                                                                               Work Location
                                        Riwayat Pendidikan/sertifikasi | Education History/Certification                                                                                                                                  Jumlah Amount
                                                                                                                                  Jabatan             Kantor Pusat
                                        Hotel and Tourism Educational Center of Bali – Hotel Management Diploma                   Position                                   Alila Villas Uluwatu           Alila Ubud
                                                                                                                                                      Head Office
                                        (Accounting & Finance) pada 1985 dan American Hotel and Lodging
                                        Education Institute (AHLEI), Bali – Certified Hotel Administrator (CHA)                                    2021          2020        2021          2020          2021           2020            2021          2020
                                        pada 2014.
                                                                                                                            General Manager                  2           3           1               1           1              1               4                5

                                                                                                                            Manajer Eksekutif
                                        Hotel and Tourism Educational Center of Bali – Diploma in Hotel Management          Executive Manager
                                                                                                                                                             5           5           7               6           0              0              12            11
                                        (Accounting & Finance) in 1985 and American Hotel and Lodging Education
                                                                                                                            Manajer Manager                  7           6          13              15          11             11              31            32
                                        Institute (AHLEI), Bali – Certified Hotel Administrator (CHA) in 2014.
                                                                                                                            Asisten Manajer
                                        Riwayat Jabatan | Work Experience                                                   Assistant Manager
                                                                                                                                                             2           5          23              24          42             47              67            76

                                        Diangkat sebagai Komisaris Independen BUVA untuk periode 2020-2025
                                                                                                                            Staf Staff                       3           2          80              87          99           104             182           193
                                        berdasarkan keputusan RUPS Tahunan pada 28 Agustus 2020. Beliau
                                                                                                                            Non Staf Non Staff               4           4        108           113              0              0            112           117
                                        memiliki 35 tahun pengalaman dalam bidang keuangan di industri perhotelan
                                        di kawasan Asia, pernah menjabat di antaranya sebagai : Alila Hotels &              Jumlah Total                    23          25        232           246         153              163             408           434

I Gusti Putu Wisesa                     Resorts – Vice President Finance (Sep 2013 – Mei 2019); COMO Hotels &
Komisaris Independen                    Resorts, Singapore HQ based – Corporate Financial Controller (Jul 2006 – Des
Independent Commissioner
                                        2009); COMO Hotels & Resorts Regional Asia, Bangkok based – Financial
                                                                                                                            Profil Karyawan Berdasarkan Tingkat Pendidikan
                                                                                                                            Employee Profile Based on Education Level
                                        Controller (Feb 2004 – Jun 2006); The Metropolitan Bangkok – Thailand –
                                        Direktur Keuangan (Feb 2003 – Jan 2004); dan Hard Rock Hotel Bali, Bali,                                                                Lokasi Kerja
                                                                                                                                                                               Work Location
                                        Indonesia – Direktur Keuangan (Jan 2002 – Feb 2003). Beliau tidak memiliki                                                                                                                        Jumlah Amount
                                                                                                                            Jenjang Pendidikan        Kantor Pusat
                                        rangkap jabatan di internal maupun eksternal Perseroan.                               Education Level                                Alila Villas Uluwatu           Alila Ubud
                                                                                                                                                      Head Office

                                        Appointed as Independent Commissioner of BUVA for the period of 2020-                                      2021          2020        2021          2020          2021           2020            2021          2020

                                        2025 based on the resolution of the Annual GMS on August 28, 2020. He               Strata 3
                                                                                                                                                             0           0           0               0           0              0               0                0
                                        has 35 years of experience in finance in the hotel industry in Asia, having         Doctor
                                        served among others as: Alila Hotels & Resorts – Vice President of Finance          Strata 2
                                                                                                                                                             8           9           1               1           0              0               9            10
                                        (Sep 2013 – May 2019); COMO Hotels & Resorts, Singapore HQ based                    Master
                                        – Corporate Financial Controller (Jul 2006 – Des 2009); COMO Hotels &               Sarjana
                                                                                                                                                            10          11          27              33           6              7              43            51
                                        Resorts Regional Asia, Bangkok based – Financial Controller (Feb 2004 –             Bachelor

                                        Jun 2006); The Metropolitan Bangkok – Thailand – Finance Director (Feb              Akademi
                                                                                                                                                             0           0        119           122             77             79            196           201
                                        2003 – Jan 2004); and Hard Rock Hotel Bali, Bali, Indonesia – Finance               Academy

                                        Director (Jan 2002 – Feb 2003). He has no concurrent positions in the               SMU/SMP/SD
                                                                                                                            High School/ Junior
                                        Company’s internal or external.                                                                                      5           5          85              90          70             77            160           172
                                                                                                                            High School/
                                        Hubungan Afiliasi | Affiliate Relationship                                          Elementary School

                                        Beliau tidak memiliki hubungan afiliasi terhadap anggota Direksi, Dewan             Jumlah Total                    23          25        232           246         153              163             408           434
                                        Komisaris, dan Pemegang Saham Utama dan Pengendali.


                                        He has no affiliation with members of the Board of Directors, Board of
                                        Commissioners, and Major and Controlling Shareholders.




PT Bukit Uluwatu Villa Tbk                            50                          Laporan Tahunan 2021 Annual Report   Annual Report 2021 Laporan Tahunan                           51                                              PT Bukit Uluwatu Villa Tbk
Page 29
  Profil Perusahaan | Company Profile                                                                                                                                                                                  Profil Perusahaan | Company Profile




                                                                                                                                   Wilayah Operasi
                                                                                                                                   Employee Demographics


    Profil Karyawan Berdasarkan Usia                                                                                                     Alila Villas Bintan
                                                                                                                                          Kepulauan Riau                                        Unit yang Beroperasi
    Employee Profile Based on Age                                                                                                                                                               Operating Units
                                                        Lokasi Kerja
                                                       Work Location
                                                                                                                                                                                                Proyek yang Sedang Berjalan
                                                                                                            Jumlah Amount                                                                       Ongoing Projects
           Usia                Kantor Pusat
           Age                                       Alila Villas Uluwatu            Alila Ubud
                               Head Office                                                                                                                                                      Jalur Pengembangan
                                                                                                                                                                                                Development Path
                             2021        2020        2021             2020        2021        2020         2021        2020

    < 30 tahun /years
                                     2           2          49               59          28          29           79          90
    old

    30-50 tahun /years
                                    13          16        174            176         125          131          312          323
    old

    > 50 tahun / years
                                     8           7           9               11           0           3           17          21
    old

    Jumlah Total                    23          25        232            246         153          163          408          434



    Profil Karyawan Berdasarkan Status Kerja
    Employee Profile Based on Employment Status
                                                        Lokasi Kerja
                                                       Work Location
                                                                                                            Jumlah Amount              Alila SCBD – Jakarta
          Status               Kantor Pusat
                                                     Alila Villas Uluwatu            Alila Ubud
                               Head Office

                             2021        2020        2021             2020        2021        2020         2021        2020
                                                                                                                                                                                                                              Alila Villas Uluwatu - Bali
    Tetap Permanent                 16          18        194            208         147           156         357          382

    Kontrak Contract                 7           7          38               38           6           7           51          52

    Jumlah Total                    23          25        232            246         153          163          408          434



    Profil Karyawan Berdasarkan Gender
    Employee Profile Based on Gender
                                                                                                                                      Dialoog – Banyuwangi              The Cliff - Bali                                           Alila Ubud - Bali
                                                        Lokasi Kerja
                                                       Work Location
                                                                                                            Jumlah Amount
          Gender               Kantor Pusat
                                                     Alila Villas Uluwatu            Alila Ubud
                               Head Office

                             2021        2020        2021             2020        2021        2020         2021        2020

    Pria Male                       16          17        168            179             93          97        277          293

    Wanita Female                    7           8          64               67          60          66        131          141
                                                                                                                                                                                                                                 Alila Manggis - Bali
    Jumlah Total                    23          25        232            246         153          163          408          434




PT Bukit Uluwatu Villa Tbk                                       52                           Laporan Tahunan 2021 Annual Report   Annual Report 2021 Laporan Tahunan                      53                                      PT Bukit Uluwatu Villa Tbk
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   Profil Perusahaan | Company Profile                                                                                                                                                                                          Profil Perusahaan | Company Profile




Komposisi Pemegang Saham
Shareholder Composition


Komposisi pemegang saham Perseroan per 31 Desember                  The composition of the Company’s shareholders as of                                                      Komposisi 20 Pemegang Saham Terbesar
2021, sebagai berikut:                                              December 31, 2021, is as follows:                                                                       Composition of the 20 Largest Shareholders
                                                                                                                                     Institusi Lokal                     Institusi Asing                       Individu Lokal                   Individu Asing
                                                                                                                                     Local Institution                   Foreign Institution                   Local Individual                 Foreign Individual
                                                      Pemegang Saham ≥ 5%                                                            Nama Investor                %      Nama Investor                   %     Nama Investor              %     Nama             %
                                                        Shareholders ≥ 5%                                                            Name of Investor                    Name of Investor                      Name of Investor                 Investor
                                                                                                                                                                                                                                                Name of
                           Pemegang Saham                                Status            Jumlah Saham (Lembar)
                                                                                                                         %                                                                                                                      Investor
                             Shareholders                                Status             Total Shares (In Share)
                                                                                                                                     Asia Leisure Network,      25,00 Archipelago Resorts and           27,8 Edy Suwarno Al              3,22               -         -
                                                                   Lembaga Asing                                                     PT                               Hotels Limited                         Jap L Sing
 Archipelago Resorts and Hotels Limited                                                             1.893.286.000      27,80
                                                                  Foreign Institution
                                                                                                                                     Sas Gramarindo              2,34 NV III Holdings Limited             13 Aspin Suryanna              1,24               -         -
                                                                    Lembaga Lokal                                                    Sentosa, PT
 PT Asia Leisure Network                                                                            1.702.818.712      25,00
                                                                    Local Institution
                                                                                                                                     Minna Padi                  1,50 HSBC-Fund Service A/C             3,61 Jimmy Hidayat               1,24               -         -
 NV III Holdings Limited
                                                                   Lembaga Asing
                                                                                                      885.770.600      13,00         Pringgondani Saham               006 KSD-NH Investment
                                                                  Foreign Institution                                                                                 and Securities
                                                                   Lembaga Asing                                                     PT Sinarmas Asset           0,56 HSBC-Fund Services A/C            1,44 Firmansyah Theja            0,64               -         -
 Shinhan Investment Corp Group                                                                        343.963.600       5,05
                                                                  Foreign Institution                                                Management                       006 Korea Securities
                                                                                                                                                                      Depository
 Masyarakat (masing-masing kepemilikan di bawah 5%)                  Individu Lokal
                                                                                                    1.985.092.588      29,15
 Public (Individuals with ownership of less than 5%)                Local Individual                                                 PT Graha Prima              0,36 OCBC Securities Pte Ltd-           0,4 Lukky Gunawan               0,39               -         -
                                                                                                                                     Sejahtera                        Client A/C
                                                                                                                                                                         Megarich Capital Pte Ltd        0,3 Henry Kurniawan             0,35               -         -
Dari keseluruhan komposisi pemegang saham, tidak terdapat           From the overall composition of shareholders, there is no                                                                                Latief
kelompok masyarakat yang memiliki jumlah saham Perseroan            individuals who own the shares of less than 5%.
dengan kepemilikan di bawah 5%.                                                                                                                                                                                Luci Kristiani            0,35               -         -
                                                                                                                                                                                                               Handajani
                                                                                                                                                                                                               Roslily                   0,26               -         -
                                            Kelompok Pemegang Saham Berdasarkan Status
                                                                                                                                                                                                               Hendry Yanto, Se          0,26               -         -
                                                 Shareholder Groups Based on Status
                                                                                                                                     Jumlah
                Pemegang Saham                        Jumlah Pemegang Saham                Jumlah Saham (Lembar)                                                29,76                                   47,4                             7,95              -          -
                                                                                                                         %           Total
                  Shareholders                          Total of Shareholders               Total Shares (In Share)

 Individu / Individual                                                            1.085             1.598.064.304      23,46

 Institusi / Institution                                                            14              2.033.999.093      29,86        Seluruh Direksi dan Dewan Komisaris BUVA tidak memiliki         The entire Board of Directors and Board of Commissioners
                                                                                                                                    saham Perseroan baik secara langsung maupun tidak               of BUVA do not own the Company’s shares either directly
 Jumlah Pemodal Lokal                                                                                                               langsung pada periode 1 Januari 2021 sampai dengan 31           or indirectly in the period of January 1, 2021 to December
                                                                                  1.099             3.632.063.397      53,32
 Total of Local Investors
                                                                                                                                    Desember 2021.                                                  31, 2021.
 Pemodal Asing
 Foreign Investor

 Individu / Individual                                                                 3                8.453.603       0,13

 Institusi / Institution                                                               7            3.170.752.200      46,55

 Jumlah Pemodal Asing
                                                                                    10              3.179.205.803      46,68
 Total of Foreign Investors

 Jumlah Keseluruhan Pemodal
                                                                                  1.109             6.811.269.200      100,00
 Total Investors




PT Bukit Uluwatu Villa Tbk                                     54                              Laporan Tahunan 2021 Annual Report   Annual Report 2021 Laporan Tahunan                         55                                           PT Bukit Uluwatu Villa Tbk
Page 31
  Profil Perusahaan | Company Profile                                                                                                                                                                                                        Profil Perusahaan | Company Profile




Kronologis Pencatatan Saham                                                                                                                Entitas Anak
Chronological Listing of Shares                                                                                                            Subsidiaries


                                                                                                          Harga                                                           Tanggal
                                                                                                                                            Nama Anak Perusahaan
                                                                    Total Saham          Tercatat      Penawaran                  Bursa                                  Pendirian      Kepemilikan            Bidang Usaha                      Alamat                Status
                                                                                                                                              Subsidiary Name
            Keterangan                      Tanggal                                                                                                                    Establishment     Ownership            Line of Business                   Address               Status
                                                                      (Lembar)          (Lembar)           (Rp)                   Stock
            Description                      Date                                                                                                                           Date
                                                                     Total Share     Recorded (Share) Offering Price            Exchange   Entitas Anak Kepemilikan Langsung
                                                                                                           (Rp)                            Subsidiary with Direct Ownership
 Penawaran Umum                          12 Juli 2010               2.857.142.500         2.857.142.500                260        BEI      PT Bukit Lagoi Villa         1 Juli 2010       99,79%      Jasa akomodasi (hotel dan           Jl. Kota Kapur           Beroperasi sejak
 Public Offer                            July 12, 2010                                                                                                                  July 1, 2010                  cottage) dan real estate            Wisma Bintan Resort      2010
                                                                                                                                                                                                      Accommodation (hotels and           Cakrawala                Operating Since
 Penambahan Modal Tanpa Hak              26 Juni 2012                 238.889.000         3.096.031.500                448        BEI                                                                 cottages) and real estates                                   2010
 Memesan Efek Terlebih Dahulu            June 26, 2012                                                                                     PT Sitaro Mitra Abadi       06 April 2010      80,29%      Jasa akomodasi (cottage) dan        Talavera Office Park,    Belum
 Non Pre-emptive Right Issue                                                                                                                                           April 6, 2010                  perhotelan                          Lantai 12, Jl. TB.       beroperasi
                                                                                                                                                                                                      Accommodation (cottage) and         Simatupang Kav. 22-      Not yet
 Penambahan Modal Tanpa Hak              02 November                  309.603.100         3.405.634.600                582        BEI
                                                                                                                                                                                                      hotels                              26, Cilandak, Jakarta    Operating
 Memesan Efek Terlebih Dahulu                2016                                                                                                                                                                                         Selatan
 Non Pre-emptive Right Issue             November 2,                                                                                       PT Bukit Lentera           10 Maret 2011       60,00%      Perhotelan, Penyedia Makanan        Kawasan SCBD             Beroperasi sejak
                                             2016                                                                                          Sejahtera                  March 10, 2011                  dan Minuman, dan Jasa               Lot 11A Jl. Jend.        2018
 Pemecahan Nilai Nominal                1 Agustus 2018              3.405.634.600         6.811.269.200                   -       BEI                                                                 Hospitality, Food and Beverage      Sudirman, Jakarta        Operating Since
 Saham 1:2                              August 1, 2018                                                                                                                                                and Services                        Selatan                  2018
                                                                                                                                           PT Bukit Nusa Harapan     19 Januari 2011      60,00%      Jasa akomodasi (hotel dan           Jl. Blimbing Sari Br     Beroperasi sejak
 Stock Split 1:2
                                                                                                                                                                     January 19, 2011                 cottage) dan perhotelan             Tambyak, Pecatu Kuta     2012
                                                                                                                                                                                                      Accommodation (cottage) and         Selatan, Badung, Bali    Operating Since
                                                                                                                                                                                                      hotels                                                       2012
                                                                                                                                           PT Bukit Bali Permai        06 November        99,00%      Perdagangan, Pembangunan,           Talavera Office Park,    Belum

Struktur Grup Perusahaan                                                                                                                                                   2014
                                                                                                                                                                       November 6,
                                                                                                                                                                           2014
                                                                                                                                                                                                      Industri, Pertanian, Percetakan,
                                                                                                                                                                                                      Pengangkuta, perbengkelan
                                                                                                                                                                                                      dan jasa
                                                                                                                                                                                                                                          Lantai 12, Jl. TB.
                                                                                                                                                                                                                                          Simatupang Kav. 22-
                                                                                                                                                                                                                                          26, Cilandak, Jakarta
                                                                                                                                                                                                                                                                   beroperasi
                                                                                                                                                                                                                                                                   Not yet
                                                                                                                                                                                                                                                                   Operating
Company Group Structure                                                                                                                                                                               Trading, Construction,              Selatan
                                                                                                                                                                                                      Industry, Agricultural, Printing,
                                                                                                                                                                                                      Transportation, workshops and
                                                                                                                                                                                                      services
  Archipelago Resorts         PT Asia Leisure                                        Shinhan Investment             Masyarakat
                                                          NV III Holdings Ltd                                                              PT Mandra Alila            15 September        99,00%      Jasa akomodasi (hotel dan           Br Buitan Manggis        Beroperasi sejak
     & Hotels Ltd                Network                                                 Corp Group                   Public
                                                                                                                                                                          1992                        cottage) dan real estate            Karangasem               1995
                                                                                                                                                                      September 15,                   Accommodation (cottage) and                                  Operating Since
                27,8%              25%                          13%                        5,05%                          29,15%                                          1992                        hotels                                                       1995
                                                                                                                                           PT Dialoog Mitra Sukses   15 Januari 2013      99,00%      Jasa akomodasi (cottage) dan        Talavera Office Park,    Belum
                                                                                                                                                                     January 15, 2013                 perhotelan                          Lantai 12, Jl. TB.       beroperasi
                                                                                                                                                                                                      Accommodation (cottage) and         Simatupang Kav. 22-      Not yet
                                                                                                                                                                                                      hotels                              26, Cilandak, Jakarta    Operating
                                                    PT BUKIT ULUWATU VILLA Tbk                                                                                                                                                            Selatan
                                                                                                                                           Entitas Anak Kepemilikan Melalui PT Dialoog Mitra Sukses
                                                                                                                                           Subsidiary Ownership through PT Dialoog Mitra Sukses
                                                                                                                                           PT Dialoog Grage           11 Juni 2013        60,00%    Jasa, Perdagangan,                    Jl. P. Drajat, Komplek   Belum
                                                                                                                                           Cirebon                    June 11, 2013                 Perindustrian, dan                    Pegambiran               beroperasi
                                                                                                                                                                                                    Pengangkutan Darat                    Residence Blok A1,       Not yet
                                                                                                                                                                                                    Service, Trade, Industry and          No. 12, Cirebon, Jawa    Operating
                                                           PT Sitaro Mitra            PT Bukit Lentera                                                                                              Land Transportation                   Barat
                             PT Bukit Lagoi Villa
                                                               Abadi                     Sejahtera                                         PT Mitra Banyuwangi         5 Juli 2013        34,40%    Jasa                                  Jl. Argopuro No.57,      Beroperasi sejak
                                                                                                                                           Selaras                     July 5, 2013                 Service                               Kelurahan Klatak,        2018
                                 99,79%                       80,29%                        60%                                                                                                                                           Kecamatan Kalipuro,      Operating Since
                                                                                                                                                                                                                                          Kab. Banyuwangi          2018
                                                                                                                                                                                                                                          Jawa Timur
                                                                                                                                           Entitas Asosiasi
     PT Kharisma             PT Mandra              PT Bukit Bali            PT Culina            PT Dialoog           PT Bukit Nusa       Associates
     Jawara Abadi               Alila                 Permai               Global Utama          Mitra Sukses            Harapan           PT Kharisma Jawara         3 Oktober 2013      25,00%      Jasa, Perindustrian,                Equity Tower, Marquee    Beroperasi sejak
                                                                                                                                           Abadi                      October 3, 2013                 Perdagangan, dan                    Executive Office, Lt.    2018
                                                                                                                                                                                                      Pembangunan                         35. Lot 9, Kawasan       Operating Since
                25%            99%                     99%                   49,94%                       99%             60%                                                                         Services, Industry, Trade and       SCBD, Jl. Jend.          2018
                                                                                                                                                                                                      Construction                        Sudirman Kav.52-53,
                                                                                                                                                                                                                                          Jakarta
     PT Kharisma                                                                     PT Mitra                                              PT Culina Global Utama      28 Mei 2012        49,94%      Restoran atau Bar                   Talavera Office Park,    Beroperasi sejak
                                                                                                                 PT Dialoog
       Anugrah                                                                      Banyuwangi                                                                         May 28, 2012                   Restaurant or Bar                   Lantai 12, Jl. TB.       2013
                                                                                                                Grage Cirebon
     Jawara Abadi                                                                     Selaras                                                                                                                                             Simatupang Kav. 22-      Operating Since
                                                                                                                                                                                                                                          26, Cilandak, Jakarta    2013
      59,99%                                                                        34,40%                         60%                                                                                                                    Selatan



PT Bukit Uluwatu Villa Tbk                                            56                           Laporan Tahunan 2021 Annual Report      Annual Report 2021 Laporan Tahunan                              57                                            PT Bukit Uluwatu Villa Tbk
Page 32
  Profil Perusahaan | Company Profile                                                                                                                                                                                    Profil Perusahaan | Company Profile




Lembaga Profesi dan Penunjang Pasar Modal                                                                                       Penghargaan dan Sertifikasi
Capital Market Supporting Institutions and Professionals                                                                        Awards and Certifications

                                                                                                                                                                                                                 Alila Villas Uluwatu memperoleh
                                                                                                                                                                                                                  penghargaan sebagai berikut:
   Nama Lembaga/                                                                                                                                           Alila Villas Uluwatu memperoleh sertifikat
                                                                                                                                                                                                                 Alila Villas Uluwatu obtained the
       Profesi                   Pelayanan                     Alamat                     Biaya (Rp)          Periode                                      sebagai Hotel Bintang Lima dari Lembaga
                                                                                                                                                                                                                          following awards:
  Name of Institution/            Services                     Address                       Fee              Period                                       Sertifikasi Usaha Pariwisata Bali Mandiri.
     Profession                                                                                                                                            Sertifikat ini berlaku mulai 20 Januari 2020
                                                                                                                                                           sampai dengan 19 Januari 2023.
 PT Kustodian Sentral        Jasa Kustodian       Gedung BEI Tower 1, Lt. 5, Jl.          11.000.000      Sejak 2010 s/d
 Efek Indonesia              Saham                Jendral Sudirman, Kav. 52-53,                               saat ini                                     Alila Villas Uluwatu obtained a certificate
                             Share Custodian      Jakarta                                                Since 2010 up to                                  as a Five Star Hotel from Bali Mandiri               World Most Awesome Swimming
                             Services                                                                         present                                      Tourism Business Certification Institute. This        Pools, ESCAPISM magazine
                                                                                                                                                           certificate is valid from January 20, 2020 to
 PT EDI Indonesia            Pencatatan           Jl. Yos Sudarso, Kav. 89, Wisma         19.800.000      Sejak 2010 s/d                                   January 19, 2023.
                             kepemilkan efek      SMR, Lt. 10, Jakarta 14350.                                 saat ini
                             dan pembagian                                                               Since 2010 up to
                             hak yang berkaitan                                                               present                                                                                             The 50 Greatest Hotels In The
                             dengan efek                                                                                                                   Alila Villas Uluwatu memperoleh Sertifikat               World, The Telegraph, UK
                             Recording                                                                                                                     Tatanan Kehidupan Era Baru Bidang
                                                                                                                                                           Pariwisata dari Dinas Pariwisata Provinsi
                             the securities
                                                                                                                                                           Bali.
                             ownership and
                             distributing                                                                                                                  Alila Villas Uluwatu received a Certificate of
                             rights related to                                                                                                             New Era of Life in the Tourism Sector from              Four Star Rating - Alila Villas
                             securities                                                                                                                    Bali Provincial Tourism.                             Uluwatu and Four Star Rating - Spa
                                                                                                                                                                                                                    Alila At Alila Villas Uluwatu
 KAP Tanubrata               Audit Laporan        Prudential Tower, Lantai 17, Jl.       650.000.000       Tahun 2019
 Sutanto Fahmi               Keuangan             Jendral Sudirman, Kav. 79, Jakarta,                        In 2019
 Bambang dan Rekan,          Financial            12910                                                                                                    Alila Villas Uluwatu meraih akreditasi dari
 CPA (BDO)                   Statement Audit                                                                                                               The Global Biorisk Advisory Council-ISSA,         Alila Manggis memperoleh penghargaan
                                                                                                                                                           dengan masa berlaku 9 Desember 2020                     dan sertifikat sebagai berikut:
 Ashoya Ratam, S.H.,         Notaris/ PPAT KA     Jl. Suryo, No.54, Kebayoran Baru,       38.147.725     Tahun 2015 s/d                                    sampai dengan 9 Desember 2021.                   Alila Manggis obtained the following awards
 M. Kn.                      Jaksel               Jakarta, 12180                                             saat ini                                                                                                     and certificates:
                                                                                                                                                           Alila Villas Uluwatu received accreditation
                             Notary/PPAT KA,                                                             Since 2015 up to
                                                                                                                                                           from The Global Biorisk Advisory Council-
                             South Jakarta                                                                   present                                       ISSA, with a validity period from December
 KJPP Rengganis              Jasa Penilai Aktiva Jl. Mertanadi No. 88, Pertokoan          11.000.000        Tahun 2018                                     9, 2020 to December 9, 2021.
 Hamid & Rekan Kantor        Asset Appraisal     Mertanadi Blok B, Lingkungan                                 In 2018
 Cabang Bali                 Service             Abianbase, Kuta, Badung, Bali                                                                                                                                                  No 2 di Indonesia
                                                 80361                                                                                                                                                                          dari Travel Leisure
                                                                                                                                                           Alila Villas Uluwatu dinobatkan sebagai
                                                                                                                                                                                                                                Number 2 in
                                                                                                                                                           Best Wedding Hotels- No.1 di Asia dari
                                                                                                                                                                                                                                Indonesia by Travel
KAP yang ditunjuk tidak memberikan jasa non audit kepada          The appointed KAP does not provide non-audit services to                                 Smart Travel Asia.
                                                                                                                                                                                                                                Leisure
Perseroan. Lembaga dan Profesi Penunjang Pasar Modal              the Company. The Capital Market Supporting Institutions and                              Alila Villas Uluwatu has been named Best
tersebut di atas, seluruhnya tidak ada hubungan afiliasi          Professionals mentioned above have no affiliation with the                               Wedding Hotels- No.1 in Asia from Smart
dengan Perseroan sebagaimana definisi hubungan afiliasi           Company as defined in the Capital Market Law.                                            Travel Asia.
pada Undang-Undang Pasar Modal.

                                                                                                                                                                                                                                No 6 di Asia dari
                                                                                                                                                                                                                                Travel and Leisure
                                                                                                                                                                                                                                Number 6 in Asia
                                                                                                                                                                                                                                from Travel and
                                                                                                                                                                                                                                Leisure
                                                                                                                                                           Alila Villas Uluwatu memperoleh
                                                                                                                                                           Sertifikasi dari EarthCheck.
                                                                                                                                                           Alila Villas Uluwatu obtained
                                                                                                                                                           a certification from EarthCheck.


                                                                                                                                                                                                                                No 20 di Dunia dari
                                                                                                                                                                                                                                Travel and Leisure
                                                                                                                                                                                                                                Number 20 in the
                                                                                                                                                                                                                                World from Travel
                                                                                                                                                                                                                                and Leisure




PT Bukit Uluwatu Villa Tbk                                   58                           Laporan Tahunan 2021 Annual Report    Annual Report 2021 Laporan Tahunan                               59                                  PT Bukit Uluwatu Villa Tbk
Page 33
  Profil Perusahaan | Company Profile




Informasi Pada Situs Web Perusahaan
Information On Company’s Website


Perseroan memfasilitasi keterbukaan informasi kepada             The Company provides the disclosure of information to the
publik melalui situs www.buvagroup.com, yang di antaranya        public through the website www.buvagroup.com, which
memuat keterangan sebagai berikut:                               includes the following information:


  No.    Informasi / Information
    1    Informasi Pemegang Saham
         Information on Shareholders
    2    Kode Etik
         Code of Conduct
    3    Informasi Rapat Umum Pemegang Saham (RUPS)
         Information on General Meeting of Shareholders (GMS)
    4    Profil Dewan Komisaris dan Direksi
         Profile of the Board of Commissioners and Board of Directors
    5    Laporan Keuangan Terpisah (5 tahun terakhir)
         Separated Financial Statements (last 5 years)
    6    Piagam Dewan Komisaris, Direksi, Komite-Komite dan Unit Audit Internal
         Charter for the Board of Commissioners, Board of Directors, Committees and Internal Audit Unit




PT Bukit Uluwatu Villa Tbk                                  60                           Laporan Tahunan 2021 Annual Report
Page 34
                                                               04




                                     Sumber Daya Manusia
                                              Human Resources




Annual Report 2021 Laporan Tahunan       61         PT Bukit Uluwatu Villa Tbk
Page 35
Sumber Daya Manusia
Human Resources


Peran sumber daya manusia (SDM) sangat penting dalam                 The role of human resources (HR) is crucial in supporting       Pengembangan Kompetensi                                             Competency Development
mendukung tercapainya tujuan perusahaan. Perseroan                   the achievement of the company’s goals. The Company is          Dalam mengembangkan kompetensi, Perseroan                           In developing competence, the Company prioritizes the
berkomitmen untuk terus meningkatkan kualitas dan                    committed to continuously improving the quality and welfare     mengedepankan prinsip fairness dengan memberikan                    principle of fairness by providing equal opportunities for
kesejahteraan seluruh karyawan. Manajemen pengelolaan                of all employees. HR management is carried out according to     kesempatan yang sama bagi seluruh karyawan untuk                    all employees to participate in education, training, and
SDM dilakukan dengan mengacu pada kebutuhan organisasi               the needs of the work organization and it complies with labor   mengikuti pendidikan, pelatihan, dan sertifikasi. Program           certification. The employee’s competency development
kerja dan mematuhi peraturan perundang-undangan                      laws and regulations as well as other applicable regulations.   pengembangan kompetensi karyawan dilakukan sesuai                   program is carried out in accordance with the Company’s
ketenagakerjaan maupun peraturan lainnya yang berlaku.               In difficult times due to the Covid-19 pandemic, the Company    dengan strategi bisnis dan kemampuan Perseroan untuk                business strategy and capabilities to achieve the company’s
Dalam masa sulit akibat tekanan pandemi Covid-19,                    strives to maintain the best human resources to be able to      mendukung tercapainya tujuan perusahaan.                            goals.
Perseroan berupaya mempertahankan SDM terbaik untuk                  maintain service quality and business performance.
menjaga kualitas layanan dan kinerja bisnis.                                                                                         Pendidikan dan Pelatihan Dewan Komisaris, Direksi,                  Education and Training of the Board of Commissioners,
                                                                                                                                     Sekretaris Perusahaan, Komite-Komite, Internal Audit,               Directors, Corporate Secretary, Committees, Internal Audit,
Strategi Pengelolaan SDM                                             HR Management Strategy                                          dan Karyawan                                                        and Employees
Perseroan memastikan ketersediaan SDM mencukupi untuk                The Company ensures the availability of sufficient human        Sepanjang tahun 2021, akibat tekanan pandemi Covid-19               Throughout 2021, due to the Covid-19 pandemic, the Company
mendukung kinerja bisnis yang berkelanjutan. Manajemen               resources to support sustainable business performance.          Perseroan tidak melakukan kegiatan pendidikan dan pelatihan         did not conduct education and training activities for the
SDM Perseroan dimulai dari tahap perencanaan, perekrutan,            The strategy of the Company’s HR management consists of         untuk Dewan Komisaris, Direksi, Sekretaris Perusahaan,              Board of Commissioners, Directors, Corporate Secretary,
pengembangan, pengelolaan dan mempertahankan SDM                     planning, recruiting, developing, managing and maintaining      Komite-Komite, dan karyawan. Namun demikian, Perseroan              Committees, and employees. However, the Company was
berkualitas.                                                         quality human resources.                                        berkomitmen untuk kembali mengadakan atau mengikuti                 committed to conduct or participate in education and training
                                                                                                                                     pendidikan dan pelatihan untuk manajemen dan karyawan               for the management and employees following the recovery
                                                                                                                                     seiring dengan pemulihan kinerja usaha.                             of business performance.
                                         STRATEGI TALENT MANAGEMENT BUVA
                                           BUVA Talent Management Strategy                                                           Penilaian Kinerja SDM                                               HR Performance Assessment
                                                                                                                                     Perseroan melaksanakan penilaian kinerja SDM berdasarkan            The Company’s HR performance appraisal is based on its
   Human Resources           Human Resources         Human Resources              Human Resources          Human Resources           prinsip-prinsip utama seperti pencapaian target, standar            main principles such as target achievement, service standards
      Planning                  Acquiring              Developing                   Maintaining               Retaining              dan kualitas pelayanan, dan evaluasi berkala. Penilaian             and quality, and periodic evaluations. HR performance
                                                                                                                                     kinerja SDM dilakukan mulai dari tahap awal melalui proses          evaluation is carried out starting from the initial stage through
   1. Organization           1. Recruitment &        1. People                   1. Compensation          1. Talent                  komunikasi, persiapan administrasi, dan koordinasi terkait          the communication process, administrative preparation,
      Development               Placement               Development                 & Benefit                Management              dengan reward & punishment yang dikoordinir oleh Divisi HRD.        and coordination related to reward & punishment which is
   2. Job                                            2. Training                                          2. Succesion                                                                                   coordinated by the HRD Division.
      Management                                     3. Performance                                          Planning
   3. Workforces                                        Management                                                                   Berdasarkan hasil penilaian kinerja karyawan Perseroan              The Company sets performance targets for the coming
      Planning                                       4. Competencies                                                                 menetapkan target kinerja untuk tahun mendatang, jenjang            year (which includes career paths, competency and skill
                                                        Based                                                                        karier, pengembangan kompetensi dan keterampilan, dan               development, and performance achievement incentives)
                                                     5. Career                                                                       insentif pencapaian kinerja. Pada tahun 2021, Perseroan             based on the results of the employee performance evaluation.
                                                        Management                                                                   telah melakukan penilaian kinerja terhadap seluruh karyawan.        In 2021, the Company assessed the performance of all
                                                                                                                                                                                                         employees.


Secara garis besar program pelaksanaan strategi talent               In general, the implementation of the Company’s talent
management Perseroan dilakukan melalui penyempurnaan                 management strategy is carried out through policy
kebijakan secara berkala; optimalisasi pelaksanaan praktik           improvements; optimizing the implementation of labor
ketenagakerjaan; pengembangan kompetensi managerial                  practices; development of managerial skills and leadership
skill dan leadership skill; menerapkan reward & punishment;          skills; apply rewards & punishments; and pay attention to
dan memperhatikan keselamatan dan kesehatan kerja (K3).              occupational safety and health.

Rekrutmen SDM                                                        HR Recruitment
Perseroan memiliki prosedur rekrutmen yang telah teruji              The Company has a recruitment procedure and that procedure
untuk memastikan ketersediaan SDM dalam mendukung                    has been proven to ensure the availability of human resources
kinerja bisnis. Proses rekrutmen terbuka untuk fresh graduate        to support business performance. The recruitment process is
maupun tenaga profesional untuk posisi strategis sesuai              open to fresh graduates and professionals where they will get
dengan kebutuhan perusahaan. Dalam melakukan rekrutmen,              positions according to the company’s needs. In conducting
Perseroan mengedepankan aspek profesionalitas calon                  recruitment, the Company prioritizes the professionalism of
karyawan dan tidak melakukan diskriminasi dalam bentuk               prospective employees and does not discriminate in any form.
apapun.

Demografi SDM                                                        HR Demographics
Profil SDM terdapat dalam bagian Profil Perusahaan di                The HR profile can be found in the Company Profile section
Laporan Tahunan ini.                                                 of this Annual Report.




PT Bukit Uluwatu Villa Tbk                                      62                            Laporan Tahunan 2021 Annual Report     Annual Report 2021 Laporan Tahunan                             63                                          PT Bukit Uluwatu Villa Tbk
Page 36
                                                                                                                            Analisa Dan Pembahasan Manajemen | Management Discussion And Analysis




05                                                                      Tinjauan Umum
                                                                        General Overview


                                                                        Kondisi Perekonomian Global dan Nasional                              Global and National Economic Conditions
                                                                        Perekonomian global berangsur-angsur mulai pulih dari                 The global economy is gradually recovering from the
                                                                        resesi yang timbul akibat pandemi Covid-19. Meski virus               recession spurred by the Covid-19 pandemic. Despite
                                                                        terus bermutasi namun dengan cakupan vaksinasi yang                   the fact that the virus continues to mutate, there was an
                                                                        semakin meluas dan pelaksanaan protokol kesehatan secara              improvement in mitigating the pandemic due to increased
                                                                        ketat, penanganan pandemi pada tahun 2021 lebih terkendali            vaccination coverage and the enforcement of strict health
                                                                        dibanding tahun sebelumnya. Hal itu terlihat dari pelonggaran         protocols throughout 2021, as compared to the previous
                                                                        kebijakan pembatasan mobilitas individu dan dibukanya                 year. This has been demonstrated by the easing of policies
                                                                        perbatasan antarnegara yang berdampak pada perbaikan                  on individual mobility restrictions as well as the reopening
                                                                        ekonomi dunia.                                                        of borders between countries, which in turn led to global
                                                                                                                                              economic improvement.

                                                                        Data World Bank menyatakan bahwa pertumbuhan ekonomi                  World Bank data stated that the world’s economic growth
                                                                        dunia sebesar 5,8% di tahun 2021, lebih tinggi dari tahun 2020        would reach 5.8% in 2021, higher than in 2020, which
                                                                        yang terkontraksi sebesar 3,3%. Meski tumbuh lebih tinggi,            contracted by 3.3%. Despite higher growth, the outlook
                                                                        namun prospek perekonomian global dibayangi dengan                    for the global economy is overshadowed by supply chain
                                                                        gangguan rantai pasok, inflasi yang meningkat, ketegangan             disruptions, rising inflation, geopolitical tensions in several
                                                                        geopolitik di beberapa kawasan, dan ancaman pengangguran              regions, and the threat of increasing unemployment.
                                                                        yang meningkat.

                                                                        Sejalan dengan upaya global untuk menanggulangi                       In line with global efforts to mitigate the Covid-19 pandemic,
                                                                        pandemi Covid-19, Pemerintah Indonesia terus berupaya                 the Indonesian Government continuously strived to break
                                                                        untuk memutus mata rantai penyebaran virus melalui                    the chain of virus spread by accelerating the expansion of
                                                                        percepatan vaksinasi untuk menciptakan kekebalan komunal.             vaccination coverage in order to achieve herd immunity.
                                                                        Pembatasan mobilitas individu masih dilakukan sesuai                  Restrictions on individual mobility were still enforced in
                                                                        tingkat ancaman yang dihadapi.                                        corresponding to the level of threat.

                                                                        Penanganan pandemi dilakukan secara paralel dengan                    The handling of the pandemic was carried out in parallel with
                                                                        program pemulihan ekonomi nasional (PEN). Dukungan                    the national economic recovery program (PEN). In 2021, there
                                                                        kebijakan fiskal dan moneter yang telah dilakukan pada                was the continued support of fiscal and monetary policy
                                                                        tahun sebelumnya tetap dilanjutkan pada tahun 2021. Hal ini           carried out since the previous year. This impacted on the
                                                                        berdampak pada perbaikan ekonomi nasional secara tahunan.             annual improvement of the national economy.

                                                                        Badan Pusat Statisik (BPS) merilis pertumbuhan ekonomi                The Central Statistics Agency (BPS) released the growth of
                                                                        Indonesia (produk domestik bruto atau PDB) sebesar 3,69%              Indonesia’s gross domestic product (GDP) at 3.69% in 2021,
                                                                        di tahun 2021, lebih baik dari 2020 yang terkontraksi sebesar         higher than in 2020 which was contracted by 2.07%. The
                                                                        2,07%. Struktur PDB berdasarkan lapangan usaha sebesar                business structure based GDP reached 64.92%, constituting
                                                                        64,92% berasal dari sektor Industri, Pertanian, Perdagangan,          the Industrial, Agriculture, Trade, Construction and Mining


Analisa & Pembahasan
                                                                        Konstruksi, dan Pertambangan.                                         sectors.

                                                                        Sementara berdasarkan pengeluaran, struktur PDB sebesar               Meanwhile, the GDP based on expenditure was recorded at

Manajemen                                                               85,23% berasal dari konsumsi rumah tangga dan investasi.
                                                                        Seiring dengan pemulihan ekonomi yang terus berlanjut,
                                                                        PDB per kapita Indonesia menunjukkan tren yang meningkat
                                                                                                                                              85.23%, constituting household consumption and investment.
                                                                                                                                              As the economic recovery was on track, Indonesia’s GDP
                                                                                                                                              per capita has demonstrated an increase, reaching Rp62.2
Management Discussion & Analysis                                        mencapai Rp62,2 juta atau setara dengan US$4.349,5 pada
                                                                        tahun 2021.
                                                                                                                                              million or equivalent to US$ 4,349.5 in 2021.


                                                                        Kondisi Industri Perhotelan dan Pariwisata                            Conditions in Hospitality and Tourism Industry
                                                                        Sejalan dengan perbaikan ekonomi, industri perhotelan                 Aligned with the economic improvement, the hotel and
                                                                        dan pariwisata menunjukan pertumbuhan yang lebih tinggi               tourism industry recorded higher growth in 2021 compared to
                                                                        di tahun 2021 daripada tahun sebelumnya. Kebijakan                    the previous year. The policy of easing mobility and expanding
                                                                        pelonggaran mobilitas dan cakupan vaksinasi yang meluas               vaccination coverage led to an increase in people’s mobility
                                                                        menyebabkan pergerakan individu antardaerah menunjukkan               between regions. Meanwhile, traffics between countries
                                                                        peningkatan. Sementara lalu lintas individu antarnegara               experienced a decrease due to the closure of entry for
                                                                        menurun karena sempat ditutupnya pintu masuk bagi warga               foreign nationals triggered by concerns for the spread of
                                                                        negara asing dan kekhawatiran terhadap penyebaran mutasi              virus mutations.
                                                                        virus.




PT Bukit Uluwatu Villa Tbk   64    Laporan Tahunan 2021 Annual Report   Annual Report 2021 Laporan Tahunan                               65                                        PT Bukit Uluwatu Villa Tbk
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  Analisa Dan Pembahasan Manajemen | Management Discussion And Analysis                                                                                                                      Analisa Dan Pembahasan Manajemen | Management Discussion And Analysis




Industri pariwisata belum berjalan sesuai dengan                       The tourism industry had not recovered as expected due to         Sementara ditinjau dari tingkat penghunian kamar (TPK) atau           Meanwhile, the room occupancy rate in 2021 was 36.26%.
harapan karena masih rendahnya kunjungan wisatawan                     the low number of foreign tourists visiting Indonesia. Data       okupansi, pada tahun 2021 sebesar 36,26%. Meski tingkat               The occupancy rate in 2021 was slightly higher than in 2020
mancanegara yang datang ke pasar domestik. Data BPS dan                from the Central Statistics Agency (BPS) and the Ministry         okupansi di 2021 sedikit lebih tinggi dari tahun 2020 sebesar         at 33.79%. Nevertheless, the rate was much lower than before
Kementerian Pariwisata dan Ekonomi Kreatif (Kemenparekraf)             of Tourism and Creative Economy showed the number of              33,79%, namun jauh lebih rendah dibanding masa sebelum                the 2019 pandemic at 54.99%.
menyebutkan jumlah kunjungan wisman ke Indonesia                       foreign tourists visiting Indonesia was 1.56 million, lower       pandemi 2019 yaitu sebesar 54,99%.
sebanyak 1,56 juta orang atau lebih rendah dari tahun 2020             than in 2020 with 4.05 million.
sebesar 4,05 juta orang.                                                                                                                 Dibandingkan tahun 2020, penurunan TPK terjadi pada kelas             Compared to 2020, the room occupancy rate experienced a
                                                                                                                                         hotel bintang 1 sebesar 2,30 poin. TPK tertinggi terjadi pada         decline in the one-star hotel by 2.30 points. Two-star hotels
Sementara di industri perhotelan, setidaknya ada dua indikator         As for the hotel industry, there are at least two indicators to   kelas hotel bintang 2, yaitu sebesar 37,64%, sedangkan yang           made up the highest rate at 37.64%, while the lowest was
untuk menentukan perkembangan di industri tersebut                     determine the progress of developments in the industry, which     terendah terjadi pada kelas hotel bintang 1, yaitu sebesar            recorded in the one-star hotels at 23.10%. Nationwide, the
yaitu banyaknya malam kamar yang terpakai dan tingkat                  are the number of room used and the room occupancy rate.          23,10%. Secara nasional, TPK tertinggi tercatat di Provinsi           highest occupancy rate was recorded in East Kalimantan
penghunian kamar (TPK) atau okupansi.                                                                                                    Kalimantan Timur yang mencapai 51,23% dan terendah di                 Province at 51.23% and the lowest in Bali Province with
                                                                                                                                         Provinsi Bali yang hanya mencapai 13,08%.                             only 13.08%.
Banyaknya malam kamar yang terpakai atau terjual setiap                The number of room used or sold every night is one of
malam merupakan salah satu variabel untuk menentukan                   the variables to determine the level of hotel productivity.                                       Tingkat Okupansi Hotel Bintang (%)
tingkat produktivitas hotel. Merujuk data BPS, pada tahun              According to BPS data, in 2021, the number of room nights                                         Starred Hotels Occupancy Rate (%)
2021, banyaknya malam kamar yang terpakai hotel bintang                used by starred hotels was 43.46 million or 21.11% higher
sebesar 43,46 juta atau sebesar 21,11% dari tahun 2020                 compared to 35.89 million in 2020.                                                                                                                        54,99
sebesar 35,89 juta.
                                                                                                                                                                              36,26                  33,79
Provinsi DKI Jakarta mencatat paling banyak malam kamar                DKI Jakarta Province booked the most room nights used,
terpakai, yaitu 8,54 juta malam kamar. Angka ini lebih tinggi          with 8.54 million room. The figure was higher than in the
dibandingkan tahun sebelumnya yang mencapai 5,18 juta                  previous year, reaching 5.18 million room per night. West
malam kamar. Sementara Provinsi Sulawesi Barat mempunyai               Sulawesi Province had the lowest number of rooms used
malam kamar terpakai terendah, yaitu hanya 9,75 ribu malam             every night, with only 9.75 thousand rooms.
kamar.
                                                                                                                                                                              2021                    2020                       2019
                               Uraian
                                                         2021                  2020                 2019                                 Jumlah tamu yang datang dan menginap pada hotel bintang               The number of guests staying at starred hotels in Indonesia
                             Description
                                                                                                                                         di Indonesia selama tahun 2021 mencapai 47,16 juta orang,             throughout 2021 reached 47.16 million, an increase of 8.86
                      Hotel Bintang 1
                                                         1,17                  1,29                 1,65                                 meningkat 8,86 juta tamu atau 23,12% dibandingkan tahun               million guests or 23.12% compared to 2020 with 38.30 million
                      One-star Hotel
                                                                                                                                         2020 sebanyak 38,30 juta orang. Tamu asing yang datang                people. Foreign guests staying at starred hotels reached
                      Hotel Bintang 2                                                                                                    dan menginap pada hotel bintang mencapai 650 ribu orang               650 thousand or 1.38% of all staying guests. This showed a
                                                          6,5                  5,68                11,87
                      Two-star Hotel                                                                                                     atau sebanyak 1,38% dari seluruh tamu yang datang dan                 decrease of 1.6 million people or 71.12% compared to 2020
                      Hotel Bintang 3                                                                                                    menginap. Jumlah ini menurun sebanyak 1,6 juta orang                  which recorded 2.25 million people.
                                                        16,26                 12,88                25,49                                 atau 71,12% dari tahun 2020 yang mencapai 2,25 juta orang.
                      Three-star Hotel
                      Hotel Bintang 4
                                                         14,4                 12,15                25,14                                 Tinjauan Operasi Per Segmen Usaha                                     Operational Review per Business Segment
                      Four-star Hotel
                                                                                                                                         BUVA membagi operasional usahanya dalam 3 (tiga) segmen               In its operations, BUVA has 3 (three) segments, namely
                      Hotel Bintang 5                                                                                                    yaitu hotel; gaya hidup, rekreasi dan hiburan; dan real estat.        hotel; lifestyle, leisure and entertainment; and real estate.
                                                         5,13                  3,89                10,46
                      Five-star Hotel                                                                                                    Uraian mengenai ketiga segmen usaha tersebut adalah                   The following are the detail of the three business segments:
                      Jumlah                                                                                                             sebagai berikut:
                                                        43,46                 35,89                75,61
                      Total
                                                                                                                                         a. Segmen Usaha Hotel                                                 a. Hotel Business Segment
                                                                                                                                         Perseroan mengelola hotel Alila Ubud, Alila Villas Uluwatu,           The Company manages Alila Ubud, Alila Villas Uluwatu and
                                 Malam Terpakai Hotel Bintang                                                                            dan Alila Manggis. Seluruh hotel yang dikelola Perseroan              Alila Manggis hotels. In managing these hotels, the Company
                                 Rooms Used per NIght at Starred Hotels                                                                  mengedepankan layanan berkualitas standar internasional               put at the fore the international standard quality of service
                                                                                                                                         dan ramah lingkungan untuk mendukung pembangunan                      as well as environmental friendly to support sustainability.
                                                                                                                                         berkelanjutan. Segmen hotel merupakan kontributor utama               The hotel segment is the primary contributor that generates
                                                                                         75,61                                           yang menopang pendapatan Perseroan.                                   the Company’s revenue.

                                     43,46                       35,89                                                                   Jumlah kamar Alila Ubud sebanyak 56 Superior & Deluxe                 Alila Ubud has 56 Superior & Deluxe Rooms, 17 One Bedroom
                                                                                                                                         Rooms, 17 One Bedroom Villas dan 1 two bedroom villa;                 Villas and 1 two bedroom villa; Alila Villas Uluwatu has 56
                                                                                                                                         Alila Villas Uluwatu sebanyak 56 one-bedroom villlas, and             one-bedroom villas, and 5 three bedroom Cliffside Pool Villas,
                                                                                                                                         5 three bedroom Cliffside Pool Villas, 4 three-bedroom                4 three-bedroom Hillside Pool Villas, and 2 two-bedroom
                                                                                                                                         Hillside Pool Villas, dan 2 two-bedroom villlas; dan Alila            villas; and Alila Manggis has 53 rooms and 2 suites. During
                                      2021                       2020                     2019                                           Manggis sebanyak 53 room dan 2 suites. Selama tahun                   2021, the Company optimized the use of social media such as
                                 (Rp Miliar/in Billion Rupiah)                                                                           2021, Perseroan mengoptimalkan penggunaan media sosial                Instagram and Facebook to promote to potential customers


PT Bukit Uluwatu Villa Tbk                                        66                             Laporan Tahunan 2021 Annual Report      Annual Report 2021 Laporan Tahunan                               67                                        PT Bukit Uluwatu Villa Tbk
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  Analisa Dan Pembahasan Manajemen | Management Discussion And Analysis                                                                                                              Analisa Dan Pembahasan Manajemen | Management Discussion And Analysis




                                                                                                                                     Tinjauan Keuangan
                                                                                                                                     Financial Overview


seperti Instagram dan facebook untuk melakukan promosi             and utilize the database of customers who have visited so         Analisis dan pembahasan kinerja keuangan ini dibuat               The analysis and discussion of financial performance is
kepada calon pelanggan dan memanfaatkan database                   that they can return to visit the hotel.                          berdasarkan informasi yang diperoleh dari Laporan Keuangan        based on the information from the Consolidated Financial
pelanggan yang pernah berkunjung agar mereka dapat                                                                                   Konsolidasian PT Bukit Uluwatu Villa Tbk dan Entitas Anak         Statements of PT Bukit Uluwatu Villa Tbk and its Subsidiaries
kembali mengunjungi hotel.                                                                                                           yang berakhir pada 31 Desember 2021 dan telah diaudit             that ended on December 31, 2021. The Company has
                                                                                                                                     oleh Kantor Akuntan Publik Publik Tanubrata Sutanto Fahmi         appointed Public Account Firm Tanubrata Sutanto Fahmi &
Sepanjang tahun 2021, kinerja pendapatan dan profitabilitas        The revenue and profitability performance of the hotel            Bambang & Rekan yang ditunjuk oleh Perseroan.                     Partners for auditing this Consolidated Financial Statements.
segmen usaha hotel sebagai berikut:                                business segment throughout 2021 is as follows:
                                                                                                                                     Laporan Keuangan Perseroan telah sesuai dengan standar            The Company’s Financial Statement follows the financial
                                                                                                                                     akuntansi keuangan di Indonesia serta telah memperoleh            accounting standards in Indonesia with an unqualified
                                                                                                                                     opini wajar dalam semua hal yang material.                        opinion.
   Segmen                    Pendapatan Income                                        Laba Profit
    Usaha                                                Growth                                                       Growth
   Business
   Segment
                        2021               2020            (%)              2021                     2020               (%)
                                                                                                                                     Laporan Posisi Keuangan
Hotel               61.422.461.126    67.905.888.011    (9,55%)      (394.518.562.853)      (1.659.675.781.645)      (76,23%)        Report On Financial Position
Dalam Jutaan Rp                                                                                                      In Million Rp
                                                                                                                                     Aset Assets
                                                                                                                                     Dalam Rp Jutaan                                                                                                     In Million Rp
b. Segmen Usaha Gaya Hidup, Rekreasi, dan Hiburan                  b. Lifestyle, Recreation and Entertainment Business Segment
Segmen usaha gaya hidup, rekreasi, dan hiburan terdiri atas        The lifestyle, recreation and entertainment business segment                          Uraian                                                                        Pertumbuhan Growth
beach club dan restoran yang lokasinya sama dengan hotel-          is comprised of beach clubs and restaurants, all of which                                                            2021                      2020
                                                                                                                                                       Description                                                                     Nominal               %
hotel Perseroan. Kehadirian segmen ini untuk memberikan            are located on the same premises as the Company’s hotels.
pengalaman baru yang berkesan bagi seluruh pengunjung              This segment is to provide a memorable experience for all         Aset Lancar Current Assets
hotel. Segmen ini menampilkan merek-merek seperti Omnia,           hotel visitors. This segment also features brands such as         Kas dan Bank
                                                                                                                                                                                     4.421.754.060             2.820.659.621          1.601.094.439         56,76%
Sake No hana, Hakkasan, Le Burger, dan Vong Kitchen.               Omnia, Sake No hana, Hakkasan, Le Burger and Vong Kitchen.        Cash and Bank
                                                                                                                                     Piutang usaha pihak ketiga – neto
Kinerja segmen usaha Gaya Hidup, Rekreasi dan Hiburan              The following describes the performance of the Lifestyle,                                                         1.533.438.729             2.032.343.886           -498.905.157        -24,55%
                                                                                                                                     Trade Receivable from third parties- net
sepanjang tahun 2021 adalah sebagai berikut:                       Recreation and Entertainment business segment throughout
                                                                   2021:                                                             Piutang usaha pihak berelasi
                                                                                                                                                                                     1.445.243.884               715.198.446            730.045.438       102,08%
                                                                                                                                     Trade receivable from related parties
                                                                                                                                     Piutang lain-lain pihak ketiga – neto
                                                 Pendapatan Income                             Laba Profit                                                                          40.041.471.654           112.001.968.980        -71.960.497.326        -64,25%
                                                                                                                                     Other Receivables from Third Parties - net
               Segmen Usaha                                                Growth                                   Growth
              Business Segment                   2021         2020           (%)         2021            2020         (%)            Piutang lain-lain pihak berelasi
                                                                                                                                                                                    21.700.900.111            19.592.120.353          2.108.779.758         10,76%
                                                                                                                                     Other Receivables from Related Parties
  Gaya Hidup, Rekreasi, dan Hiburan                                                                                                  Persediaan
  Lifestyle, Recreation and                                                                                                                                                            807.646.904             1.129.547.960           -321.901.056        -28,50%
                                                  0            0             0%            0                 0        0%             Inventory
  Entertainment
                                                                                                                                     Biaya dibayar di muka
                                                                                                                                                                                      1.516.031.925            1.468.041.196             47.990.729          3,27%
  Dalam Jutaan Rp                                                                                                 In Million Rp      Prepaid Expenses
                                                                                                                                     Pajak dibayar di muka
                                                                                                                                                                                         17.716.248                50.998.985           -33.282.737        -65,26%
                                                                                                                                     Prepaid Tax
c. Segmen Usaha Real Estat                                         c. Real Estate Business Segment                                   Total aset lancer
                                                                                                                                                                                    71.484.203.515           139.810.879.427        -68.326.675.912        -48,87%
Perseroan mengelola segmen usaha real estat yang terdiri           The Company manages the real estate business segment              Total current assets
dari tanah dan bangunan yang sedang maupun akan                    constituting land and buildings whose properties are already      Aset Lancar Non-Current Assets
dikembangkan. Selama tahun 2021, kinerja segmen Real               existed or being developed. The following describes the
Estate sebagai berikut:                                            performance of the Real Estate segment throughout 2021:           Penyertaan saham
                                                                                                                                                                                      4.931.585.012            4.886.891.734             44.693.278          0,91%
                                                                                                                                     Investment in shares of stock
                                                                                                                                     Aset real estat
                                                                                                                                                                                                       -     309.790.833.158      -291.937.945.016        -100,00%
                                                                                                                                     Real estate assets
                                                 Pendapatan Income                             Laba Profit
               Segmen Usaha                                                Growth                                   Growth           Aset dalam pembangunan
                                                                                                                                                                                   348.442.931.538           320.075.421.083         28.367.510.455          8,86%
              Business Segment                                               (%)                                      (%)            Assets under construction
                                                 2021         2020                       2021            2020
                                                                                                                                     Aset tetap- neto
                                                                                                                                                                                  1.095.678.223.953        1.134.073.763.867        -38.395.539.914         -3,39%
  Real Estat                                                                                                                         Fixed assets - net
  Real Estate                                     0            0             0%            0                 0        0%
                                                                                                                                     Aset Hak Guna – neto
                                                                                                                                                                                    24.130.564.403            26.467.564.798         -2.337.000.395         -8,83%
  Dalam Jutaan Rp                                                                                                 In Million Rp      Right-of-Use Assets - net



PT Bukit Uluwatu Villa Tbk                                    68                            Laporan Tahunan 2021 Annual Report       Annual Report 2021 Laporan Tahunan                           69                                       PT Bukit Uluwatu Villa Tbk
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  Analisa Dan Pembahasan Manajemen | Management Discussion And Analysis                                                                                                                         Analisa Dan Pembahasan Manajemen | Management Discussion And Analysis




Aset Assets                                                                                                                                 Liabilitas Liabilities
Dalam Rp Jutaan                                                                                                             In Million Rp   Dalam Rp Jutaan                                                                                                            In Million Rp

                     Uraian                                                                             Pertumbuhan Growth                                       Uraian                                                                            Pertumbuhan Growth
                                                       2021                       2020                                                                                                            2021                       2020
                   Description                                                                          Nominal                 %                              Description                                                                         Nominal                 %
Aset tidak lancar lainnya                                                                                                                   Utang pajak
                                                  318.191.889.708            342.114.841.830         -23.922.952.122           -6,99%                                                         35.507.456.951             25.433.641.575          10.073.815.376          39,61%
Other non-current assets                                                                                                                    Tax Payables
Total aset tidak lancer                                                                                                                     Uang muka pelanggan
                                                1.791.375.194.614          2.137.409.316.470        -346.034.121.856         -16,19%                                                          32.371.132.164             49.790.250.275         -17.419.118.111         -34,98%
Total non-current assets                                                                                                                    Advance payment from customers
Total Aset                                                                                                                                  Pinjaman jangka panjang bagian lancer
                                                1.862.859.398.129          2.277.220.195.897       -414.360.797.768          -18,20%                                                       1.126.833.901.534          1.137.783.946.374         -10.950.044.840           -0,96%
Total assets                                                                                                                                Current Maturities of Long-term Debts
                                                                                                                                            Total Liabilitas Jangka Pendek
                                                                                                                                                                                           1.795.150.522.257          1.708.105.000.875          87.045.521.382            5,10%
                                                                                                                                            Total short-term liabilities
Perseroan mencatatkan aset sebesar Rp1.862,86 miliar di                The Company’s assets in 2021 amounted to Rp1,862.86
tahun 2021, turun sebesar 18,20% dari tahun 2020 sebesar               billion, a decrease of 18.20% from 2020 at Rp2,277.22                Liabilitas Jangka Panjang Long-term Liabilities
Rp2.277,22 miliar. Penurunan disebabkan berkurangnya                   billion. The decrease was due to the decline in current and          Pinjaman jangka panjang setelah
aset lancar dan aset tidak lancar masing-masing sebesar                non-current assets by 48.87% and 16.19%, respectively.               dikurangi bagian lancar
48,87% dan 16,19%.                                                                                                                                                                                358.249.680            75.721.912.329         -75.363.662.649         -99,53%
                                                                                                                                            Long-term loans after deducting the
                                                                                                                                            current portion
Penurunan aset lancar terutama disebabkan turunnya piutang             The decrease in current assets was primarily caused by a
                                                                                                                                            Liabilitas imbalan Pasca-kerja karyawan
usaha pihak ketiga dan piutang lain-lain. Piutang usaha pihak          decrease in third party trade receivables and other receivables.                                                       30.959.415.265             31.705.929.995             -746.514.730          -2,35%
                                                                                                                                            Post-employment Benefits Liabilities
ketiga turun sebesar 24,55% menjadi Rp1.533,44 miliar di               Third party trade receivables experienced a decrease of
tahun 2021 dari tahun 2020 sebesar Rp2.032,34 miliar.                  24.55% to Rp1,533.44 billion in 2021 from Rp2,032.34 billion         Total Liabilitas Jangka Panjang
                                                                                                                                                                                              31.317.664.945            107.427.842.324         -76.110.177.379         -70,85%
Sementara piutang lain-lain turun sebesar 53,08% menjadi               in 2020. Meanwhile, other receivables were recorded a                Total Long-term Liabilities
Rp61.74 miliar di tahun 2021 dari tahun sebelumnya sebesar             decrease of 53.08% to Rp61.74 billion in 2021 compared to            Total Liabilitas
Rp131, 59 miliar.                                                      Rp131.59 billion recorded in the previous year.                                                                     1.826.468.187.202          1.815.532.843.199          10.935.344.003            0,60%
                                                                                                                                            Total Liabilities

Aset tidak lancar turun sebesar 16,19% menjadi Rp1.791,37              Non-current assets experienced a decline of 16.19% to
miliar di tahun 2021 dari tahun 2020 sebesar Rp2.137,41                Rp1,791.37 billion in 2021 from Rp2,137.41 billion in 2020.          Jumlah liabilitas Perseroan tercatat sebesar Rp1.826,47 miliar        The Company recorded its total liabilities at Rp1,826.47 billion
miliar. Penurunan ini disebabkan berkurangnya aset real                The decrease was due to the decline in real estate assets,           di tahun 2021, turun sebesar 0,60% dari tahun 2020 sebesar            in 2021, a decrease of 0.60% compared to Rp1,815.53 billion
estat, aset tetap, aset hak guna dan aset tidak lancar lainnya.        fixed assets, right-to-use assets and other non-current assets.      Rp1.815,53 miliar. Penurunan disebabkan berkurangnya                  in 2020. The decrease was due to a 70.85% reduction in
Aset tidak lancar lainnya terdiri dari uang muka pembelian             Other non-current assets include advances for purchase of            liabilitas jangka panjang sebesar 70,85% menjadi Rp31,32              long-term liabilities to Rp31.32 billion. Meanwhile, short-term
saham, uang muka pembelian, uang jaminan, uang muka                    shares, advances for purchases, security deposits, advances          miliar. Sementara liabilitas jangka pendek meningkat sebesar          liabilities experienced an increase of 5.10% to Rp1,795.15
aset, piutang lain-lain, sewa jangka panjang dibayar dimuka,           for assets, other receivables, prepaid long-term rent, and           5,10% menjadi Rp1.795,15 miliar.                                      billion.
dan lain-lain.                                                         others.
                                                                                                                                            Penurunan liabilitas jangka panjang dikarenakan berkurangnya          The decrease in long-term liabilities was due to the reduced
                                                                                                                                            pinjaman jangka panjang setelah dikurangki bagian jangka              long-term loans after deducting the short-term portion and
 Liabilitas Liabilities                                                                                                                     pendek dan liabilitas imbalan pasca-kerja karyawan.                   post-employment benefit liabilities for employees.

 Dalam Rp Jutaan                                                                                                            In Million Rp

                     Uraian                                                                              Pertumbuhan Growth                  Ekuitas Equity
                                                        2021                       2020
                   Description                                                                           Nominal                %            Dalam Rp Jutaan                                                                                                          In Million Rp

 Liabilitas Jangka Pendek Short-term Liabilities                                                                                                                 Uraian                                                                            Pertumbuhan Growth
                                                                                                                                                                                                 2021                        2020
 Utang pihak berelasi                                                                                                                                          Description                                                                         Nominal                %
                                                     7.014.630.040               5.756.171.692          1.258.458.348          21,86%
 Due to related parties                                                                                                                      Ekuitas Yang Diatribusikan Kepada Pemilik Entitas Induk
 Utang Usaha                                                                                                                                 Equity attributable to the owners of the parent entity
                                                    12.637.144.191             11.699.623.572             937.520.619            8,01%
 Trade payables                                                                                                                              Modal Saham
                                                                                                                                                                                             340.563.460.000           340.563.460.000                           0             0%
 Utang Lain-Lain                                                                                                                             Capital Stock
                                                    93.637.940.396            166.702.054.852         -73.064.114.456         -43,83%
 Other payables                                                                                                                              Tambahan modal disetor
                                                                                                                                                                                             345.753.913.585           345.753.913.585                           0             0%
 Beban yang masih dibayar                                                                                                                    Additional Paid-in capital
                                                   473.978.290.630            300.566.176.713        173.412.113.917           57,70%
 Accrued expenses                                                                                                                            Uang muka setoran modal
                                                                                                                                                                                              72.343.600.000             72.343.600.000                          0             0%
 Liabilitas imbalan kerja jangka pendek                                                                                                      Advance for Stock Subscription
                                                    13.170.026.351             10.373.135.822           2.796.890.529          26,96%
 Short-term Employee Benefit Liabilities



PT Bukit Uluwatu Villa Tbk                                        70                              Laporan Tahunan 2021 Annual Report        Annual Report 2021 Laporan Tahunan                               71                                         PT Bukit Uluwatu Villa Tbk
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  Analisa Dan Pembahasan Manajemen | Management Discussion And Analysis                                                                                                         Analisa Dan Pembahasan Manajemen | Management Discussion And Analysis




                                                                                                                                   Laporan Laba Rugi Dan Penghasilan
                                                                                                                                   Komprehensif Lain Konsolidasian
                                                                                                                                   Statement Of Consolidated Profit Or LossAnd Other
                                                                                                                                   Comprehensive Income
 Ekuitas Equity
 Dalam Rp Jutaan                                                                                                   In Million Rp   Dalam Rp Jutaan                                                                                             In Million Rp

                     Uraian                                                                     Pertumbuhan Growth                                     Uraian                                                              Pertumbuhan Growth
                                                  2021                     2020                                                                                                2021                  2020
                   Description                                                                  Nominal                %                             Description                                                          Nominal                %
 Saldo laba ditentukan penggunaannya                                                                                               Penjualan dan pendapatan
                                                9.500.000.000            9.500.000.000                       0             0%                                               61.422.461.126         67.905.888.011       -6.483.426.885            -9,55%
 Retained Earnings Appropriated                                                                                                    Sales and revenues
 Saldo laba tidak ditentukan                                                                                                       Beban pokok penjualan dan
 penggunaannya                             (1.208.800.740.082) (862.180.075.050 )           -346.620.665.032               40%     pendapatan                              (27.460.534.004)      (36.219.853.025)        8.759.319.021          -24,18%
 Retained Earnings Unappropriated                                                                                                  Cost of sales and revenues
 Selisih atas akuisisi kepentingan                                                                                                 Laba bruto
                                                                                                                                                                            33.961.927.122         31.686.034.986        2.275.892.136             7,18%
 nonpengendali                                                                                                                     Gross profit
                                                (171.481.168)            (171.481.168)                       0             0%
 Difference Arising from Acquisition of                                                                                            Beban penjualan
 Non- Controlling Interest                                                                                                                                                  (6.100.546.647)      (10.507.714.009)        4.407.167.362          -41,94%
                                                                                                                                   Selling expenses
 Penghasilan komprehensif lain                                                                                                     Beban umum dan administrasi
                                                                 0                     0                     0             0%                                              (90.892.612.581)     (101.487.183.773)      10.594.571.192           -10,44%
 Other Comprehensive Income                                                                                                        General and administrative expenses
 Keuntungan (kerugian) pengukuran                                                                                                  Beban operasional, properti,
 kembali liabilitas pasca imbalan kerja                                                                                            pemeliharaan dan energi
                                                  703.272.151          (2.309.030.741)         3.012.302.892           -130%                                               (14.628.392.952)      (17.968.360.539)        3.339.967.587          -18,59%
 Gains (losses) on remeasurement of                                                                                                Operational, property, maintenance
 post-employment benefits liabilities                                                                                              and energy expenses
 Revaluasi aset                                                                                                                    Beban manajemen dan lisensi
                                              630.654.463.350         630.654.463.350                        0             0%                                               (2.579.452.106)       (2.678.062.255 )          98.610.149            -3,68%
 Asset Revaluation                                                                                                                 Management and license fees
 Total ekuitas yang dapat diatribusikan                                                                                            Pemulihan (Penurunan) Aset Tetap
 kepada pemilik entitas induk                                                                                                                                               10.691.580.406      (970.139.149.542)     980.830.729.948          -101,10%
                                              190.546.489.836         534.154.849.976       -343.608.360.140             -64%      Recovery (Decrease) of Fixed Assets
 Total Equity Attributable to the Owners
 of the Parent Entity                                                                                                              Kerugian penurunan nilai investasi
                                                                                                                                                                          (100.729.127.251)                      -   (100.729.127.251)                    -
                                                                                                                                   Loss on Decrease in investment value
 Kepentingan nonpengendali
                                            (154.155.278.909)         (72.467.497.278)       -81.687.781.631            113%       Pendapatan operasional lain
 Non-controlling Interests                                                                                                                                                     207.645.783         10.302.607.269      -10.094.961.486          -97,98%
                                                                                                                                   Other operational income
 Total ekuitas
                                               36.391.210.927         461.687.352.698       -425.296.141.771            -92%       Beban operasional lain
 Total Equity                                                                                                                                                              (18.803.098.183)       (6.708.832.493)      -12.094.265.690          180,27%
                                                                                                                                   Other operational expenses
                                                                                                                                   Rugi usaha
Perseroan tercatat mengalami penurunan ekuitas sebesar           The Company experienced a decrease of 92% in equity to                                                   (188.872.076.409)   (1.067.500.660.356 )    878.628.583.947           -82,31%
                                                                                                                                   Operating Loss
92% menjadi Rp36,39 miliar di tahun 2021 dibanding tahun         Rp36.39 billion in 2021 compared to Rp461.69 billion in 2020.
                                                                                                                                   Pendapatan keuangan
2020 sebesar Rp461,69 miliar yang disebabkan bertambahnya        The decrease was due to the increase in the unspecified                                                           536.015          1.492.313.650       -1.491.777.635          -99,96%
                                                                                                                                   Finance income
saldo defisit yang tidak ditentukan penggunaannya menjadi        deficit balance of Rp1,208.80 billion in 2021 compared to
sebesar Rp1.208,80 miliar di tahun 2021 dari tahun 2020          Rp 862.18 billion in 2020.                                        Beban keuangan
                                                                                                                                                                          (172.523.680.864)     (113.212.126.054)      -59.311.554.810           52,39%
sebesar Rp862,18 miliar.                                                                                                           Finance cost
                                                                                                                                   RugI sebelum pajak final dan beban
                                                                                                                                   pajak penghasilan
                                                                                                                                                                          (361.395.221.258)   (1.179.220.472.760)     817.825.251.502           -69,35%
                                                                                                                                   Loss before final tax and income tax
                                                                                                                                   expense
                                                                                                                                   Pajak final
                                                                                                                                                                                  (107.203)         (298.462.730)          298.355.527          -99,96%
                                                                                                                                   Final tax
                                                                                                                                   Rugi Sebelum Manfaat (Beban) Pajak
                                                                                                                                   Penghasilan
                                                                                                                                                                          (361.395.328.461)   (1.179.518.935.490)     818.123.607.029           -69,36%
                                                                                                                                   Loss Before Income Tax Benefit
                                                                                                                                   (Expense)




PT Bukit Uluwatu Villa Tbk                                  72                             Laporan Tahunan 2021 Annual Report      Annual Report 2021 Laporan Tahunan                    73                                     PT Bukit Uluwatu Villa Tbk
Page 41
  Analisa Dan Pembahasan Manajemen | Management Discussion And Analysis                                                                                                                  Analisa Dan Pembahasan Manajemen | Management Discussion And Analysis




 Dalam Rp Jutaan                                                                                                     In Million Rp
                                                                                                                                     Penjualan dan Pendapatan                                              Sales and Revenue
                                                                                                                                     Perseroan mencatatkan penjualan dan pendapatan sebesar                The Company booked its sales and revenue in 2021 at
                     Uraian                                                                       Pertumbuhan Growth                 Rp61,42 miliar di tahun 2021, turun sebesar 9,55% dari tahun          Rp61.42 billion, a decrease of 9.55% from 2020 at 67.90
                                                   2021                     2020                                                     2020 sebesar Rp67,90 miliar. Pendapatan hotel terdiri dari            billion. Hotel revenue includes sales of rooms, food and
                   Description                                                                   Nominal               %
                                                                                                                                     penjualan kamar, makanan dan minuman, spa dan lainnya.                beverages, spa, and others. Room sales declined to Rp37.41
 Total manfaat (beban) pajak                                                                                                         Penjualan kamar turun menjadi Rp37,41 miliar di tahun 2021            billion in 2021 from Rp44.43 billion in 2020. In addition,
 penghasilan                                       383.637.965          (10.079.476.851)      10.463.114.816         -103,81%        dari tahun 2020 sebesar Rp44,43 miliar. Selain itu, pendapatan        revenue from spa services decreased to Rp1.80 billion in
 Total income tax benefit (expense)                                                                                                  dari layanan spa juga turun menjadi Rp1,80 miliar di tahun            2021 compared to Rp2.85 billion in the previous year.
 Rugi tahun berjalan                                                                                                                 2021 dari sebelumnya sebesar Rp2,85 miliar.
                                             (361.011.690.496)        (1.189.598.412.341)    828.586.721.845          -69,65%
 Loss for the Current Year
 Pos-pos yang tidak akan direklasifikasi ke laba rugi                                                                                Beban Pokok Penjualan dan Pendapatan                                  Cost of Goods Sold and Revenue
 Items that will not be reclassified subsequently to profit or loss                                                                  Beban Pokok Penjualan dan Pendapatan sebesar Rp27,46                  Cost of Goods Sold and Revenue was recorded at Rp27.46
                                                                                                                                     miliar di tahun 2021, turun sebesar 24,18% dari tahun 2020            billion in 2021, a decrease of 24.18% from 2020 at Rp36.22
 Pengukuran kembali atas penyisihan                                                                                                  sebesar Rp36,22 miliar.                                               billion.
 imbalan Pasca-kerja karyawan
                                                 2.869.270.431            (2.307.772.608)       5.177.043.039        -224,33%
 Remeasurement of provision for                                                                                                      Laba Bruto                                                            Gross Profit
 postemployment benefits                                                                                                             Penurunan beban pokok penjualan dan pendapatan yang                   There was more decrease in cost of goods sold and revenue
 Pajak penghasilan terkait                                                                                                           lebih besar dari penurunan penjualaan dan pendapatan                  than the decrease in sales and revenue. This led gross profit
                                                                -            225.112.051          225.112.051        -100,00%
 Effect income tax                                                                                                                   menyebabkan laba bruto naik sebesar 7,18% menjadi Rp33,96             to increase by 7.18% to Rp33.96 billion in 2021 compared
 Surplus revaluasi aset tetap                                                                                                        miliar di tahun 2021 dari tahun 2020 sebesar Rp31,69 miliar.          to Rp31.69 billion in 2020.
                                                                -      (228.845.400.000)    (228.845.400.000)        -100,00%
 Revaluation of surplus of fixed assets
                                                                                                                                     Beban Usaha                                                           Operating Expenses
 Total (Kerugian) penghasilan                                                                                                        Komponen Beban Usaha terdiri dari Beban Penjualan; Beban              Operating Expenses consist of Selling Expenses; General and
 komprehensif lain                                                                                                                   Umum dan Administrasi; dan Beban operasional, properti,               Administrative Expenses; as well as Operational, property,
                                                 2.869.270.431         (230.928.060.557)     233.797.330.988         -101,24%
 Loss from other comprehensive                                                                                                       pemeliharaan, dan energi. Beban usaha sebesar Rp111,62                maintenance, and energy expenses. Operating expenses
 income                                                                                                                              miliar di tahun 2021, turun sebesar 14,11% dari tahun 2020            reached Rp111.62 billion in 2021, a decrease of 14.11%
 Total (Kerugian) penghasilan                                                                                                        sebesar Rp129,96 miliar.                                              compared to Rp129.96 billion in 2020.
 komprehensif tahun berjalan
                                             (358.142.420.065)        (1.420.526.472.898) 1.062.384.052.833           -74,79%
 Total comprehensive income (loss) for                                                                                               Rugi Usaha                                                            Operating Loss
 the year                                                                                                                            Penurunan beban usaha berdampak pada berkurangnya rugi                The decrease in operating expenses resulted in a reduction
 Rugi tahun berjalan yang dapat diatribusikan kepada:                                                                                usaha Perseroan yang tercatat sebesar Rp188,87 miliar di              of the Company’s operating loss, recorded at Rp188.87 billion
 Loss for the year attributable to:                                                                                                  tahun 2021, turun 82,31% dari tahun 2020 sebesar Rp1.067,50           in 2021, a decrease of 82.31% compared to Rp1,067.50
                                                                                                                                     miliar.                                                               billion in 2020.
 Pemilik entitas induk
                                             (346.620.665.032)         (901.853.609.257)     555.232.944.225          -61,57%
 Equity holder of the parent entity                                                                                                  Rugi Sebelum Pajak                                                    Loss Before Tax
 Kepentingan nonpengendali                                                                                                           Perseroan mencatatkan rugi sebelum pajak sebesar Rp361,39             The Company recorded loss before tax at Rp361.39 billion in
                                              (14.391.025.464)         (287.744.803.084)     273.353.777.620          -95,00%
 Non-controlling interest                                                                                                            miliar di tahun 2021, turun sebesar 69,35% dari tahun 2020            2021, a decrease of 69.35% from compared to Rp1,179.52
 Total Rugi Tahun Berjalan                                                                                                           sebesar Rp1.179,52 miliar.                                            billion in 2020.
                                             (361.011.690.496)        (1.189.598.412.341)    828.586.721.845          -69,65%
 Loss for the Current Year
                                                                                                                                     Rugi Tahun Berjalan                                                   Loss for the Current Year
 Kerugian penghasilan komprehensif tahun berjalan yang dapat diatribusikan kepada:                                                   Perseroan membukukan rugi tahun berjalan sebesar Rp361,01             The Company recorded loss for the year at Rp361.01 billion
 Loss of comprehensive income for the year attributable to:                                                                          miliar di tahun 2021, turun sebesar 69,65% dari tahun 2020            in 2021, a decrease of 69.65% compared to Rp1,189.60
 Pemilik entitas induk                                                                                                               sebesar Rp1.189,60 miliar.                                            billion in 2020.
                                             (343.608.360.140)        (1.132.841.490.190)    789.233.130.050          -69,67%
 Equity holders of the parent entity
                                                                                                                                     Rugi Komprehensif Tahun Berjalan                                      Comprehensive Loss for the Year
 Kepentingan nonpengendali
                                              (14.534.059.925)         (287.684.982.708)     273.150.922.783          -94,95%        Rugi komprehensif tahun berjalan sebesar Rp358,14 miliar di           Comprehensive loss for the year was recorded at Rp358.14
 Non-controlling interest
                                                                                                                                     tahun 2021, turun sebesar 74,79% dari tahun 2020 sebesar              billion in 2021, a decrease of 74.79% compared to Rp1,420.53
 Total Kerugian Komprehensif Tahun                                                                                                   Rp1.420,53 miliar.                                                    billion in 2020.
 Berjalan                                    (358.142.420.065)        (1.420.526.472.898) 1.062.384.052.833           -74,79%
 Total Comprehensive Loss for the Year
 Rugi per saham dasar yang
 diatribusikan kepada pemilik entitas
 induk                                                      (51)                    (132)                   81        -61,36%
 Basic loss per share attributable to
 owners of the parent entity




PT Bukit Uluwatu Villa Tbk                                     74                           Laporan Tahunan 2021 Annual Report       Annual Report 2021 Laporan Tahunan                               75                                       PT Bukit Uluwatu Villa Tbk
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  Analisa Dan Pembahasan Manajemen | Management Discussion And Analysis                                                                                                                      Analisa Dan Pembahasan Manajemen | Management Discussion And Analysis




                                                                                                                                        KEMAMPUAN MEMBAYAR UTANG                                               ABILITY TO PAY DEBTS
 Laporan Arus Kas Konsolidasian Report On Consolidated Cash Flows
                                                                                                                                        Kemampuan membayar utang Perseroan dapat diukur dengan                 The ability to pay the Company’s debts can be measured
 Dalam Rp Jutaan                                                                                                        In Million Rp   menggunakan rasio likuiditas dan rasio solvabilitas.                   using liquidity and solvency ratios.
                     Uraian                                                                          Pertumbuhan Growth
                                                    2021                       2020
                   Description                                                                       Nominal                %
                                                                                                                                                                                 Uraian
                                                                                                                                                                                                                    2021                 2020
 Arus kas dari (digunakan untuk)                                                                                                                                               Description
 aktivitas operasi
                                                  1.297.172.253          (54.622.278.945)         55.919.451.198        -102,37%                                  Rasio Kas
 Cash flows from (used in) operating                                                                                                                                                                                0,25%                0,17%
                                                                                                                                                                  Cash Ratio
 activities
                                                                                                                                                                  Rasio Lancar
 Arus kas dari (digunakan untuk)                                                                                                                                                                                    3,98%                8,19%
                                                                                                                                                                  Current Ratio
 aktivitas investasi
                                                  (174.356.603)            36.738.843.842         -36.913.200.445       -100,47%                                  Rasio Liabilitas terhadap Total Aset
 Cash flows from (used in) investing                                                                                                                                                                                 0,98                 0,80
 activities                                                                                                                                                       Liabilities to Total Assets Ratio
 Arus kas dari aktivitas pendanaan                                                                                                                                Rasio Liabilitas terhadap Ekuitas
                                                    475.565.807             5.931.681.749          -5.456.115.942         -91,98%                                                                                   50,19                 3,93
 Cash flows from financing activities                                                                                                                             Liabilities to Equity Ratio
 Kenaikan (Penurunan) Neto Kas dan
 Bank                                                                                                                                   Dari rasio likuiditas dan rasio solvabilitas terlihat Perseroan        Looking at the Company’s liquidity ratio and solvency ratio,
                                                  1.598.381.457          (11.951.753.354)         13.550.134.811        -113,37%
 Increase (Decrease) of Net Cash and                                                                                                    masih memiliki kemampuan dalam memenuhi kewajibannya                   it can be concluded that the Company still had the ability to
 Bank                                                                                                                                   di tahun 2021, meski menurun dibandingkan tahun                        fulfil its obligations in 2021, despite the decrease in ratios
 Kas dan bank awal tahun                                                                                                                sebelumnya.                                                            compared to the previous year.
 Cash and bank at the beginning of the            2.820.659.621            14.768.583.370         -11.947.923.749         -80,90%
 year                                                                                                                                   TINGKAT KOLEKTIBILITAS PIUTANG                                         COLLECTIBILITY RATIO
 Kas dan bank akhir tahun                                                                                                               Piutang usaha adalah piutang yang timbul sebagai dari                  Trade receivables constitute receivables arising from the sales
                                                  4.421.754.060             2.820.659.621           1.601.094.439         56,76%        penjualan barang dan jasa yang merupakan kegiatan                      of goods and services, which are the Company’s activities.
 Cash and bank at the end of the year
                                                                                                                                        Perseroan. Pada tahun 2021, piutang usaha sebesar Rp2,98               In 2021, trade receivables were recorded at Rp2.98 billion,
                                                                                                                                        miliar, naik sebesar 8,41% dari tahun 2020 sebesar Rp2,75              an increase of 8.41% compared to Rp2.75 billion in 2020.
                                                                                                                                        miliar.
Arus Kas Dari Aktivitas Operasi                                     Cash Flows from Operating Activities
Kas bersih dari aktivitas operasi tercatat sebesar Rp1,30           Net cash from operating activities was recorded at Rp1.30           Sementara Piutang lain-lain adalah Piutang yang timbul selain          Meanwhile, other receivables are receivables that apart from
miliar di tahun 2021 yang diperoleh dari pelanggan dan              billion in 2021. The amount was obtained from customers             dari kegiatan utama perusahaan. Pada tahun 2021, piutang               the Company’s main activities. In 2021, other receivables were
penerimaan bunga setelah digunakan untuk membayar                   and interest received after paying suppliers, taxes, other          lain-lain sebesar Rp61,74 miliar, turun sebesar 53,08% dari            recorded at Rp61.74 billion, a decrease of 53.08% compared
pemasok, pajak, aktivitas operasi lainnya dan kenaikan              operating activities as well as an increase in other receivables    tahun 2020 sebesar Rp131,59 miliar.                                    to Rp131.59 billion in 2020.
piutang lain-lain pihak berelasi.                                   from related parties.
                                                                                                                                         Dalam Rp Jutaan                                                                                                          In Million Rp
Arus Kas Dari Aktivitas Investasi                                   Cash Flow From Investing Activities
Kas bersih digunakan untuk investasi sebesar Rp174,36               Net cash used for investment was Rp174.36 million in 2021.                               Uraian                                                                              Pertumbuhan Growth
juta di tahun 2021. Posisi ini diperoleh dari penurunan uang        The amount was calculated from a decrease in advances for                                                                  2021                         2020
                                                                                                                                                           Description                                                                           Nominal              %
muka pembelian saham, penurunan uang muka pembelian,                purchase of shares, a decrease in advances for purchase,
hasil penjualan aset tetap, penambahan aset tetap dan kas           proceeds from sale of fixed assets, aside from fixed assets          Piutang usaha
                                                                                                                                                                                              2.978.682.613            2.747.542.332             231.140.281          8,41%
keluar untuk entitas anak yang didekonsolidasi.                     and cash spent for deconsolidated subsidiaries.                      Trade receivables
                                                                                                                                         Piutang lain-lain
                                                                                                                                                                                             61.742.371.765         131.594.089.333         -69.851.717.568         -53,08%
Arus Kas Dari Aktivitas Pendanaan                                   Cash Flow From Financing Activities                                  Other receivables
Kas bersih dari aktivitas pendanaan sebesar Rp475,56                Net cash from financing activities was to Rp475.56 million           Kolektibilitas Piutang (hari)
juta di tahun 2021, turun sebesar 91,98% dari tahun 2020            in 2021, a decrease of 91.98% compared to 2020 at Rp5.93                                                                               17                      276                     -259     -93,84%
                                                                                                                                         Receivables Collectible (day)
sebesar Rp5,93 miliar. Penurunan ini karena berkurangnya            billion. This decrease was due to the decline in debt from
utang dari pihak berelasi dan tidak adanya penerimaan dari          related parties and no receipt of advances from shares.              Cadangan kerugian penurunan nilai
uang muka saham.                                                                                                                         piutang
                                                                                                                                                                                             42.075.471.177           43.363.115.319          -1.287.644.142         -2,97%
                                                                                                                                         Allowance for Impairment Losses of
Kenaikan (Penurunan) Neto Kas Dan Bank                              Increase (Decrease) in Net Cash and Bank                             Receivable
Perseroan mencatatakan kenaikan neto kas dan bank sebesar           The Company booked a net increase in cash and bank at
Rp1,60 miliar di tahun 2021.                                        1.60 billion in 2021.
                                                                                                                                        Dari tabel di atas terlihat bahwa kemampuan Perseroan                  The above table shows that the Company’s ability to collect
                                                                                                                                        menagih piutang usaha pada tahun 2021 selama 17 hari                   trade receivables in 2021 was 17 days or faster than the
                                                                                                                                        atau lebih cepat dari tahun sebelumnya selama 276 hari.                previous year with 276 days.




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  Analisa Dan Pembahasan Manajemen | Management Discussion And Analysis                                                                                                                 Analisa Dan Pembahasan Manajemen | Management Discussion And Analysis




IKATAN MATERIAL TERKAIT INVESTASI BARANG MODAL                       MATERIAL COMMITMENT ON CAPITAL GOODS INVESTMENT                     keberlanjutan bisnis Perseroan yang berhubungan dengan           business related to the regular business activities.
Pada tahun 2021, Perseroan tidak melakukan ikatan material           In 2021, the Company did not make material commitments              operasional kegiatan normal usaha.
atas investasi barang modal.                                         for capital goods investment.
                                                                                                                                         Berikut jenis dan sifat transaksi Perseroan dengan pihak-        The table below outlines the types and nature of the
• Investasi Barang Modal                                             • Capital Goods Investment                                          pihak berelasi:                                                  Company’s transactions with related parties:
  Pada tahun 2021, investasi barang modal Perseroan                    In 2021, the Company recorded Rp4.42 billion for the
  tercatat sebesar Rp4,42 miliar.                                      investment in capital goods.

• Jenis dan Investasi Barang Modal                                   • Types and Capital Goods Investment                                       Perusahaan/Perorangan                      Sifat Hubungan                                Sifat Transaksi
  Investasi barang modal terdiri dari bangunan, peralatan              Capital goods investment includes buildings, hotel                         Company/Individual                     Nature of Relationship                       Nature of Transaction
  hotel, dan perabotan dan perlengkapan.                               equipment, as well as furniture and fixtures.
                                                                                                                                          PT Asia Leisure Network                Pemegang saham pendiri                      Piutang pemegang saham, penjamin
• Tujuan Investasi Barang Modal                                      • Purpose of Capital Goods Investment                                                                       Founding sharehoder                         utang bank
  Perseroan melakukan investasi barang modal untuk                     The company invests capital goods to support hotel                                                                                                    Receivables from shareholders,
  mendukung operasional usaha hotel.                                   business operations.                                                                                                                                  guarantor of bank loans
                                                                                                                                          Archipelago Resorts & Hotels Limited   Pemegang saham pendiri                      Piutang pemegang saham
INFORMASI MATERIAL MENGENAI INVESTASI, EKSPANSI,                     MATERIAL INFORMATION ON INVESTMENT, EXPANSION,                                                              Founding shareholder                        Due from shareholders
DIVESTASI, AKUISISI, ATAU RESTRUKTURISASI UTANG                      DIVESTMENT, ACQUISITION OR CAPITAL AND DEBT                          PT Laksana Agung Semesta (LAS)         Di bawah kendali yang sama                  Piutang/utang pihak berelasi dan
DAN MODAL                                                            RESTRUCTURING                                                                                               Under same control                          uang muka penyertaan saham
Perseroan tidak melakukan investasi, ekspansi, divestasi,            The company did not invest, expand, divest, acquire or                                                                                                  Due from/to related parties and
akuisisi atau restrukturisasi utang dan modal pada tahun             restructure debt and capital in 2021.                                                                                                                   advance for purchase of investment
2021.
                                                                                                                                          PT KAJA                                Entitas anak dari KJA                       Piutang lain-lain
INFORMASI TRANSAKSI MATERIAL YANG MENGANDUNG                         INFORMATION ON MATERIAL TRANSACTIONS CONTAINING                                                             KJA subsidiary                              Other receivables
BENTURAN KEPENTINGAN DAN/ATAU TRANSAKSI DENGAN                       CONFLICT OF INTEREST AND/OR TRANSACTIONS WITH                        PT KJA                                 Entitas Asosiasi                            Piutang lain-lain
PIHAK AFILIASI                                                       AFFILIATED PARTIES                                                                                          Associate                                   Other receivables
Perseroan tidak melakukan transaksi material yang                    The Company does not carry out material transactions that            PT Mitra Banyuwangi Selaras            Entitas asosiasi dari DMS                   Piutang lain-lain
mengandung benturan kepentingan. Dalam kegiatan usaha                contain conflicts of interest. In conducting their regular                                                  DMS associate                               Other receivables
normal, Perusahaan dan entitas anaknya melakukan transaksi           business activities, the Company and its subsidiaries conduct
dengan pihak berelasi yang dilakukan dengan syarat yang              transactions with related parties based on terms agreed by           Dewan Komisaris dan Direksi            Manajemen Kunci                             Imbalan kerja jangka pendek, piutang
disepakati oleh para pihak. Entitas dianggap sebagai pihak           the parties. The entity is considered as a related party of the                                             Key management                              usaha pihak berelasi, penjamin utang
berelasi dari Perusahaan dan entitas anaknya berkaitan               Company and its subsidiaries due to the same ownership                                                                                                  bank
dengan kesamaan pemilik dan manajemen.                               and management.                                                                                                                                         Short-term benefits, trade receivables
                                                                                                                                                                                                                             related party, guarantor of bank loan
Semua transaksi berelasi Perseroan telah dilakukan sesuai            All of the Company’s related transactions are conducted              PT CGU                                 Entitas asosiasi                            Utang pihak berelasi
dengan pernyataan dari Dewan Komisaris dan Direksi                   in accordance with statements from the Board of                                                             Associate                                   Due from related parties
Perseroan dan prosedur yang cukup untuk memastikan                   Commissioners and the Board of Directors of the Company as           PT Dialog Utama Internasional          Entitas asosiasi                            Uang muka pembelian saham
bahwa semua transaksi afiliasi tersebut dilaksanakan                 well as procedures to ensure that all affiliated transactions are                                           Associate                                   Advance for purchasing share
seusai dengan praktik bisnis yang berlaku umum dalam                 carried out in accordance with generally accepted business
hal ini memenuhi prinsip transaksi yang wajar (arms-length           practices. This is where the Company fulfils the arm’s length
principle) sehingga sesuai dengan syarat dan kondisi serta           principle with terms and conditions as well as substantial
manfaat ekonomis yang secara substansial sebanding                   economic benefits comparable to transactions with unrelated
dengan transaksi dengan pihak yang tidak mempunyai                   parties and all affiliated transactions of the Company in a
hubungan istimewa dan semua transaksi afiliasi Perseroan             fair manner based on arms-length principle.
telah dilaksanakan dengan fair dan prinsip transaksi yang
wajar (arms-length principle).

Perseroan melakukan tinjauan secara berkala terhadap                 The Company conducts periodic reviews of all affiliated
semua transaksi afiliasi dalam hal kewajaran dan kelaziman           transactions in a fair manner in accordance with Regulation
transaksi sesuai dengan Peraturan No. IX.E.1 Lampiran                no. IX.E.1 Appendix to Decision of Chairman of Bapepam-LK
Keputusan Ketua Bapepam-LK No. KEP-412/BL/2009 Tentang               No. KEP-412/BL/2009 regarding Affiliated Transactions and
Transaksi Afiliasi dan Benturan Kepentingan Transaksi                Conflicts of Interest in Certain Transactions, and Financial
Tertentu serta Peraturan Otoritas Jasa Keuangan No. 42/              Services Authority Regulation No. 42/POJK.04/2020 regarding
POJK.04/2020 tentang Transaksi Afiliasi dan Transaksi                Affiliated Transactions and Transactions with Conflicts of
Benturan Kepentingan, pada saat transaksi tersebut dilakukan.        Interest, at the time the transactions were made.

Tujuan dilaksanakannya transaksi afiliasi tersebut oleh              The implementation of affiliated transaction by the Company
Perseroan dilakukan semata-mata untuk kepentingan dan                is solely for the interests and sustainability of the Company’s


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  Analisa Dan Pembahasan Manajemen | Management Discussion And Analysis                                                                                                                  Analisa Dan Pembahasan Manajemen | Management Discussion And Analysis




PROSPEK USAHA                                                      BUSINESS OUTLOOK                                                    b. Pemeriksaan Pajak                                                  b. Tax Audits
Perekonomian global dan Indonesia diprediksi tumbuh lebih          The global and Indonesian economic growth are predicted to             Pada tanggal 27 Oktober 2022, Perseroan menerima                      On October 27, 2022, the Company received SKPN for
tinggi di tahun 2022 dibanding tahun sebelumnya. Risiko            increase in 2022 compare to the previous year. The reduced             SKPN pajak penghasilan pasal 21, SKPN pajak                           income tax article 21, SKPN for income tax article 23,
kesehatan yang mulai menurun seiring dengan cakupan                health risks and increasing vaccination coverage mark the              penghasilan pasal 23, SKPN dan SKPKB pajak                            SKPN and SKPKB for value added tax, as well as SKPKB
vaksinasi yang meluas meningkatkan optimisme masyarakat            optimism of the public and businesses. The easing of mobility          pertambahan nilai serta SKPKB pajak penghasilan                       for final income tax article 4(2) for the 2017 tax audit
dan pelaku usaha. Pelonggaran mobilitas akan mendorong             restrictions will pave the way for an increase in the flow of          final pasal 4(2) untuk hasil pemeriksaan pajak tahun                  results.
peningkatan arus perdagangan barang dan jasa.                      trade in goods and services.                                           2017.

Kunjungan wisatawan mancanegara ke tanah air terutama              The number of visits of tourists from all over the world            c. Pengalihan utang PT DUI                                            c. PT DUI’s Debt Transfer
Bali diprakirakan akan kembali meningkat seiring dengan            to Indonesia, especially Bali, are predicted to increase in            Pada tanggal 10 Januari 2022 Perusahaan dan PT DUI                    On January 10, 2022 the Company and PT DUI agreed
menurunnya kasus aktif COVID-19. Insentif dari pemerintah          line with the decline in COVID-19 cases. Incentives from               sepakat untuk mengakhiri Nota Kesepahaman.                            to terminate the Memorandum of Understanding.
untuk industri pariwisata termasuk perhotelan akan                 the government to restore the tourism industry, including
membantu pelaku industri untuk pulih lebih cepat.                  hospitality, will help industry players to recover faster.          d. Investasi di PT BNH                                                d. Investment in PT BNH
                                                                                                                                          Dalam surat tertanggal 3 Februari 2023 yang                           In a letter dated February 3, 2023 as addressed to BNH,
Perseroan fokus pada kualitas layanan hotel standar                The Company focuses on maintaining the quality of                      ditujukan kepada BNH, Perusahaan menyatakan                           the Company stated that based on information from
internasional yang ramah lingkungan. Sertifikasi CHSE yang         international standard hotel services with environmentally             bahwa berdasarkan informasi dari Direktorat Jenderal                  the Directorate General of General Legal Administration
telah diraih oleh Perseroan juga diyakini akan meningkatkan        friendly. The CHSE certification that the Company has                  Administrasi Hukum Umum pada Kementerian Hukum                        at the Ministry of Law and Human Rights, there had
kenyamanan dan keamanan pengunjung hotel.                          bestowed plays a role to increase the comfort and safety               dan Hak Asasi Manusia, terjadi perubahan kepemilikan                  been a change in ownership in BNH whereby PT Abadi
                                                                   of hotel visitors.                                                     di BNH dimana PT Abadi Prakarsa Mulia Perkasa                         Prakarsa Mulia Perkasa (APMS) had purchased 105,000
                                                                                                                                          (APMS) telah membeli 105.000 saham BNH milik                          shares of BNH owned by the Company from BAGI based
Perseroan juga terus berupaya menyehatkan kinerja keuangan         The Company continuously make efforts to improve financial             Perusahaan dari BAGI berdasarkan dokumen gadai                        on the document of pledge of shares owned by BAGI.
untuk mendukung rencana bisnis yang telah disiapkan.               performance to support the business plans. Furthermore, the            saham yang dimiliki BAGI, dan selanjutnya PT Vetira                   Later, PT Vetira Perkasa Mulia bought shares owned by
Penambahan modal maupun restrukturasi utang akan                   Company seeks additional capital and debt restructuring to             Perkasa Mulia membeli saham milik APMS di BNH.                        APMS in BNH. Although BAGI claims the existence of
diupayakan untuk lebih memperkuat keuangan Perseroan.              further strengthen the Company’s finances. With excellent              Meskipun BAGI mengklaim adanya dokumen gadai                          the document in lieu of the shares, the Company has
Dengan dukungan keuangan dan operasional yang prima                financial and operational support, the Company is optimistic           saham tersebut, Perusahaan telah menyatakan bahwa                     stated that they have never seen the document and
Perseroan optimis akan tumbuh lebih baik pada masa                 that it will grow better in the future.                                mereka tidak pernah melihat dokumen tersebut dan                      requested a copy of the document from BNH. Without
mendatang.                                                                                                                                meminta salinan dokumen dari BNH. Tanpa melihat                       looking at the pledge of shares document, the Company
                                                                                                                                          dokumen gadai saham, Perusahaan menganggap                            considers that the transfer of the Company’s shares to
INFORMASI DAN FAKTA MATERIAL SETELAH TANGGAL                       MATERIAL INFORMATION AND FACTS SUBSEQUENT TO                           pengalihan saham milik Perusahaan kepada APMS                         APMS is still in dispute.
LAPORAN AKUNTAN                                                    ACCOUNTANT REPORTING DATE                                              masih dalam perselisihan.

Pengalihan utang bank                                              Transfer of bank debt                                             ASPEK PEMASARAN                                                       MARKETING ASPECT
  a. Pada tanggal 12 Mei 2022 BCA memberikan Surat                   a. On May 12, 2022, BCA sent a notification letter concerning   Perseroan memanfaatkan media digital seperti media                    The Company makes the most of digital media such as
     pemberitahuan mengenai pengalihan piutang dan                      the transfer of receivables and collateral. Since May 12,    sosial maupun situs-situs pariwisata untuk menarik minat              social media and tourism sites to attract visitors to stay at
     agunan. Sejak 12 Mei 2022, PT BLS menjadi terikat                  2022, PT BLS has become bound by the Cessie Deed,            pengunjung menginap di hotel-hotel yang dikelolanya. Selain           the hotels the Company manages. In addition, the Company
     dengan Akta Cessie dan untuk selanjutnya dapat                     and henceforth can settle its obligations and rights         itu, Perseroan juga menjalin kerjasama dengan biro-biro travel        has cooperated with travel agencies to bring in hotel visitors.
     menyelesaikan kewajiban dan hak-haknya dengan PT                   with PT Peak Sekuritas Indonesia as a substitute for         untuk mendatangkan pengunjung hotel.
     Peak Sekuritas Indonesia sebagai pengganti kreditur                creditors (cessionaris). After the BCA loan was taken
     (cessionaris). Setelah pinjaman BCA diambil alih oleh              over by PT Peak Sekuritas Indonesia on May 12, 2022          Perseroan merupakan salah satu pengelola hotel bintang lima           The Company is one of the operators of five-star international
     PT Peak Sekuritas Indonesia pada tanggal 12 Mei                    as disclosed in Note 20, it was subsequently transferred     standar internasional yang memiliki reputasi baik terutama            standard hotels with outstanding reputation, especially in
     2022 sebagaimana diungkapkan dalam Catatan 20,                     by the latter to PT Bank Artha Graha International Tbk       di Bali dan Jakarta. Hotel-hotel yang dikelola Perseroan              Bali and Jakarta. The hotels managed by the Company are
     selanjutnya dialihkan oleh yang terakhir kepada PT                 on November 4, 2022.                                         dikenal sebagai hotel yang ramah lingkungan dengan kualitas           known as environmentally friendly hotels with excellent
     Bank Artha Graha International Tbk pada tanggal 4                                                                               layanan sangat baik.                                                  service quality.
     November 2022.

     Sehubungan perjanjian kredit dengan PT Bank Artha                  In corresponding with the credit agreement with PT           DIVIDEN DAN KEBIJAKAN DIVIDEN                                         DIVIDEND AND DIVIDEND POLICY
     Graha International Tbk sebagaimana diungkapkan                    Bank Artha Graha International Tbk as disclosed in           Dalam menentukan kebijakan pembagian dividen Perseroan                The Company determines dividend distribution policy based
     dalam Catatan 20 , Perseroan mengalihkan pinjamannya               Note 20, the Company has transferred its loan to PT          didasarkan pada ketentuan peraturan yang berlaku di                   on the applicable regulations in Indonesia and is approved by
     kepada PT Graha Prakarsa Mulia Sejahtera pada tanggal              Graha Prakarsa Mulia Sejahtera on December 15, 2022.         Indonesia dan disetujui oleh pemegang saham melalui                   the shareholders at the General Meeting of Shareholders, with
     15 Desember 2022. Pada tanggal 8 Maret 2022, BDFK                  On March 8, 2022, BDFK Limited as the legal owner of         Rapat Umum Pemegang Saham, atas rekomendasi dari                      the recommendation of the Board of Commissioners and the
     Limited sebagai pemilik sah dari hak, kepemilikan,                 the rights, ownership, interests and benefits according      Dewan Komisaris dan Direksi. Perseroan tidak melakukan                Board of Directors. The Company did not distribute dividends
     kepentingan, dan manfaat berdasarkan Dokumen Utang                 on the BLS Debt Documents, sent a notification letter        pembagian dividen pada tahun buku 2021 karena masih                   in the 2021 fiscal year due to the Company’s operating loss.
     BLS, memberikan Surat pemberitahuan mengenai                       concerning the transfer of the BLS Debt Documents:           merugi. Pada tahun buku 2020, Perseroan juga tidak                    The Company also did not distribute dividends in 2020 fiscal
     pengalihan Dokumen Utang BLS: BDFK Limited telah                   BDFK Limited has transferred all rights, ownership,          melakukan pembagian dividen karena merugi.                            year due to the operating loss.
     mengalihkan seluruh hak, kepemilikan, kepentingan dan              interests and benefits to PT Permata Bintang Millennia
     manfaat kepada PT Permata Bintang Millenia secara                  is effective March 8, 2022.
     efektif berlaku sejak 8 Maret 2022.




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  Analisa Dan Pembahasan Manajemen | Management Discussion And Analysis




REALISASI PENGGUNAAN DANA HASIL PENAWARAN UMUM                       REALIZATION OF PROCEEDS FROM PUBLIC OFFERING
Perseroan melakukan penawaran perdana saham (IPO)                    The Company conducted an initial public offering (IPO) on
pada 12 Juli 2020 dan seluruh dana hasil penawaran umum              July 12, 2020. The proceeds from the public offering were
telah dipergunakan sesuai ketentuan yang berlaku. Pada               used with reference to the prevalence stipulation. In 2021,
tahun 2021, Perseroan tidak memliki kewajiban untuk                  the Company was not obliged to report the realization of
menyampaikan laporan realisasi penggunaan dana IPO.                  the use of IPO funds.

PERUBAHAN PERATURAN PERUNDANG-UNDANGAN DAN                           CHANGES TO LEGAL REGULATIONS AND IMPACT ON THE
DAMPAK TERHADAP PERSEROAN                                            COMPANY
Selama tahun 2021, tidak terdapat perubahan peraturan                Throughout 2021, there were no changes to laws and
perundang-undangan yang berdampak signifikan terhadap                regulations that had a significant impact on the Company’s
usaha Perseroan.                                                     business activities.



Perubahan Kebijakan Akuntansi
Changes in Accounting Policies

Sejumlah standar, interpretasi dan amandemen baru yang               Several new standards, interpretations and amendments
berlaku efektif untuk pertama kali untuk periode yang dimulai        effective for the first time for periods beginning on or after
pada atau setelah tanggal 1 Januari 2020, telah diadopsi             January 1, 2020, have been adopted in this financial report,
dalam laporan keuangan ini.                                          namely:
• PSAK 22 (Amandemen 2019) Kombinasi Bisnis;                         • PSAK 22 (2019 Amendment) on Business Combination;
• PSAK 55 (Amandemen 2020) Instrumen Keuangan:                       • PSAK 55 (2020 Amendment) on Financial Instruments:
   Pengakuan dan Pengukuran;                                            Recognition and Measurement;
• PSAK 71 (Amandemen 2020) Instrumen Keuangan;                       • PSAK 71 (2020 Amendment) on Financial Instruments;
• PSAK 73 (Amandement 2020) Sewa;                                    • PSAK 73 (2020 Amendment) on Lease;
• PSAK 112 Akuntansi Wakaf, dan                                      • PSAK 112 Accounting on Waqf, and
• PSAK 71 (Amandemen 2020) Instrumen Keuangan.                       • PSAK 71 (2020 Amendment 2020) on Financial
                                                                        Instruments.




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                                                                   06




                                     Tata Kelola Perseroan
                                         Good Corporate Governance




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  Tata Kelola Perusahaan | Corporate Governance                                                                                                                                                                    Tata Kelola Perusahaan | Corporate Governance




Landasan Tata Kelola Perseroan
Platform for GCG

                                                                                                                                   Kerangka Kerja Penerapan Tata Kelola Perseroan
Tata Kelola Perusahaan yang Baik (GCG) merupakan landasan        Good Corporate Governance (GCG) is the foundation of              Framework of Corporate Governance Implementation
terwujudnya sistem, struktur, serta menjadi bagian budaya        the system and structure that are part of the Company’s                                                           Aspek Tata Kelola Perseroan
Perseroan dalam mendukung pencapaian visi dan misi. Untuk        culture in supporting the achievement of the vision and                                                           Corporate Governance Aspect
itu, pelaksanaan GCG selain memenuhi ketentuan peraturan         mission. Therefore, the implementation of GCG other than
perundang-undangan, juga upaya mengarahkan pengelolaan           to comply with the provisions of laws and regulations, is also    1   Struktur Tata Kelola    Organ Utama                 1. RUPS / GMS                                     Struktur / Stucture
Perseroan agar dapat profesional dan berkesinambungan.           to direct the management of the Company so that it can be             Governance Structure    Main Organs                 2. Dewan Komisaris / Board of
Dengan menerapkan GCG, Perseroan dapat mempertahankan            professional and sustainable. By implementing GCG, the                                                                       Commissioners
usaha berkelanjutan.                                             Company can maintain its sustainable business.                                                                            3. Direksi / Board of Directors
                                                                                                                                                               Organ Pendukung             Organ Pendukung Dewan Komisaris:
Kebijakan Tata Kelola                                            Governance Policy                                                                             Supporting Organs           Supporting Organs for the Board of
                                                                                                                                                                                              Commissioners:
Perseroan terus melengkapi berbagai kebijakan internal           The Company continues to complete various internal policies                                                               1. Komite Audit / Audit Committee
terkait pelaksanaan GCG, diantaranya:                            related to the implementation of GCG, including:                                                                          2. Komite Nominasi dan Remunerasi /
• Pedoman Dewan Komisaris;                                       • Board of Commissioners Guidelines;                                                                                         Nomination and Renumeration Committee
• Pedoman Direksi;                                               • Board of Directors Guidelines;
• Pedoman Komite Audit;                                          • Audit Committee Guidelines;                                                                                             Organ Pendukung Direksi:
• Pedoman Komite Nominasi dan Remunerasi;                        • Nomination and Remuneration Committee Guidelines;                                                                       Supporting Organs for the Board of Directors:
• Piagam Internal Audit;                                         • Internal Audit Charter;                                                                                                 1. Sekretaris Perseroan / Corporate Secretary
• Peraturan Perseroan;                                           • Company Regulation;                                                                                                     2. Audit Internal / Internal Audit
• Kode Etik dan Panduan Perilaku;                                • Code of Ethics and Code of Conduct                                                                                      3. Komite Keberlanjutan Perseroan /
• Kebijakan Anti Korupsi;                                        • Anti-Corruption Policy;                                                                                                    Company Sustainability Committee
• Kebijakan Larangan Praktek Monopoli dan Persaingan             • Policy on Prohibition of Monopolistic Practices and Unfair                                  Kebijakan dan Prosedur, Tugas Pokok dan Fungsi masing-masing                  Infrastruktur /
   Usaha Tidak Sehat;                                               Business Competition                                                                       organ                                                                         Infrastructure
• Sistem Pelaporan Pelanggaran; dan                              • Violation Reporting System; and                                                             Policies and Procedures, Main Tasks and Functions of each organ
• Kebijakan Mendukung Pembangunan Berkelanjutan dan              • Policy on Supporting Sustainable Development and
   Usaha yang Ramah Lingkungan.                                     Environmentally Friendly Business                              2   Proses Tata Kelola      Efektivitas                 1. Awareness
                                                                                                                                       Governance Process      Pelaksanaan                 2. Internalisasi / Internalization
Tujuan Penerapan GCG                                             Objectives of GCG Implementation                                                              Prinsip-Prinsip             3. Assessment
                                                                                                                                                               GCG / Effective             4. Eksternalisasi / Externalization
1. Mendukung pencapaian Visi, Misi dan Nilai-Nilai               1. Support the achievement of the Company’s Vision,                                           Implementation of           5. Monitoring dan Evaluasi / Monitoring and Evaluation
   Perseroan                                                        Mission and Values                                                                         GCG Principles
2. Meningkatkan nilai Perseroan bagi Pemegang Saham              2. Increase the value of the Company for Shareholders and         3   Outcome Tata            Pertumbuhan Kinerja dan Peningkatan Skor Assessment
   serta mendorong kesinambungan Perseroan melalui                  encourage the sustainability of the Company through                Kelola / Governance     Performance Growth and Assessment Score Improvement
   penerapan prinsip-prinsip GCG.                                   the implementation of GCG principles.                              Outcome
3. Mendorong pengambilan keputusan dan kebijakan                 3. Encourage the Company’s decision making and policies to
   Perseroan agar tetap sesuai dengan Anggaran Dasar                be always in accordance with the Articles of Association                Implementasi Prinsip-Prinsip GCG Pada Perseroan
   dan peraturan perundang-undangan yang berlaku.                   and applicable laws and regulations.                                    Implementation of GCG Principles in the Company
4. Pengelolaan Perseroan secara profesional, transparan          4. Manage the Company in a professional, transparent and
   dan efisien dan mewujudkan kemandirian setiap Organ              efficient manner and realizing the independence of every                Keterbukaan                Pengungkapan informasi penting secara jelas, akurat, dan objektif sesuai
   Perseroan;                                                       organ of the Company;                                                   Transparency               hak masing-masing pihak.
5. Meningkatkan citra dan daya saing Perseroan secara            5. Improve the image and competitiveness of the Company                                               Disclosure of important information in a clear, accurate and objective manner
   berkesinambungan.                                                continuously;                                                                                      according to the rights of each party.
6. Meningkatkan kesadaran dan tanggung jawab sosial              6. Increase awareness and social responsibility of the                     Akuntabilitas              Optimalisasi fungsi, peran dan kinerja, serta tanggung jawab di seluruh
   Perseroan terhadap masyarakat dan kelestarian                    Company to society and environmental sustainability                     Accountability             organ dan individu Perseroan.
   lingkungan                                                                                                                                                          Optimizing functions, roles and performance, as well as responsibilities in all
7. Mendukung pengembangan sumber daya Perseroan dan              7. Support the development of the Company’s resources                                                 organs and individuals of the Company.
   pengelolaan risiko usaha yang sejalan dengan prinsip-            and management of business to be always in line with                    Responsibilitas            Pelaksanaan bisnis yang bertanggung jawab, sesuai dengan peraturan dan
   prinsip GCG;                                                     GCG principles;                                                         Responsibility             etika bisnis yang berlaku.
8. Meningkatkan kepercayaan konsumen dan masyarakat              8. Increase consumer and public trust.                                                                Run the business responsibly, in accordance with applicable regulations and
   kepada Perseroan.                                                                                                                                                   business ethics
                                                                                                                                            Independensi               Melaksanakan fungsi, peran dan pengelolaan seluruh organ Perseroan
                                                                                                                                            Independence               secara profesional dan independen.
                                                                                                                                                                       Carry out the functions, roles and management of all the Company’s organs in
                                                                                                                                                                       a professional and independent manner.
                                                                                                                                            Kewajaran dan              Kewajaran dan kesetaraan terhadap seluruh pemegang saham dan para
                                                                                                                                            Kesetaraan                 pemangku kepentingan.
                                                                                                                                            Fairness and Equality      Fairness and equality to all shareholders and stakeholders.


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Rapat Umum Pemegang Saham
General Meeting Of Shareholders (GMS)

                                                                                                                                                    Nama                       Jabatan                            Dasar Pengangkatan                     Periode
RUPS merupakan organ utama Perseroan yang memiliki                   The GMS is the main organ of the Company that has the            No.
                                                                                                                                                    Name                       Position                           Basis of Appointment                    Period
hak dan kewenangan pengambilan keputusan tertinggi yang              highest decision-making rights and authority which the Board
tidak dimiliki Dewan Komisaris dan Direksi sesuai ketentuan          of Commissioners and the Board of Directors do not have           1     Okie Rehardi Lukita    Komisaris Utama                     Akta No.50 tanggal 28 Agustus 2020             2020-2025
perundangan yang berlaku dan Anggaran Dasar Perseroan.               in accordance with the prevailing laws and regulations and                                     President Commissioner              Deed No.50 dated August 28, 2020
                                                                     the Company’s Articles of Association.                            2     Alexander Shaik        Komisaris Independen                Akta No.50 tanggal 28 Agustus 2020             2020-2025
                                                                                                                                                                    Independent Commissioner            Deed No.50 dated August 28, 2020
Hak dan Wewenang yang dimiliki RUPS antara lain:                     The rights and authorities of the GMS include:                    3     Johandi Kumaheri       Komisaris Independen                Akta No.50 tanggal 28 Agustus 2020             2020-2025
1. Menyetujui perubahan Anggaran Dasar Perseroan;                    1. Approve changes to the Company’s Articles of Association;                                   Independent Commissioner            Deed No.50 dated August 28, 2020
2. Menyetujui dan mengesahkan Laporan Tahunan Perseroan;             2. Approve and ratify the Company’s Annual Report;
3. Mengangkat dan memberhentikan anggota Dewan                       3. Appoint and dismiss members of the Board of                    4     I Gusti Putu Wisesa    Komisaris Independen                Akta No.50 tanggal 28 Agustus 2020             2020-2025
   Komisaris dan Direksi;                                               Commissioners and Board of Directors;                                                       Independent Commissioner            Deed No.50 dated August 28, 2020
4. Mengevaluasi kinerja Dewan Komisaris dan Direksi;                 4. Evaluate the performance of the Board of Commissioners         5     Seong Hoon Park        Komisaris                           Akta No.50 tanggal 28 Agustus 2020             2020-2025
                                                                        and Board of Directors;                                                                     Commissioner                        Deed No.50 dated August 28, 2020
5. Menunjuk auditor independen untuk melakukan audit                 5. Appoint an independent auditor to audit the Company’s
   atas Laporan Keuangan Perseroan;                                     Financial Statements;
6. Memutuskan distribusi dan alokasi penggunaan laba                 6. Decide on the distribution and allocation of the use          Keberagaman Komposisi Dewan Komisaris
   usaha, termasuk pembagian dividen Perseroan;                         of profits, including the distribution of the Company’s       Composition Diversity of the Board of Commissioner
                                                                        dividend;
                                                                                                                                      Pendidikan                Anggota Dewan Komisaris memiliki latar belakang pendidikan yang berbeda
7. Menetapkan remunerasi dan kompensasi anggota                      7. Determine the remuneration and compensation of
                                                                                                                                      Education                 sesuai kompetensi yang dibutuhkan Perseroan, diantaranya Matematika
   Dewan Komisaris dan Direksi, serta keputusan terkait                 members of the Board of Commissioners and Board
                                                                                                                                                                dan Keuangan, Ekonomi, Manajemen Administrasi Bisnis, Teknik Arsitektur,
   aksi korporasi atau hal strategis lainnya yang diusulkan             of Directors, as well as decisions related to corporate
                                                                                                                                                                dan Hospitality,
   oleh Direksi dan membutuhkan keputusan RUPS.                         actions or other strategic matters proposed by the Board
                                                                        of Directors that require decisions of the GMS.
                                                                                                                                                                Members of the Board of Commissioners have different educational
                                                                                                                                                                backgrounds, in accordance with the competencies required by the Company,
Penyelenggaraan RUPS Perseroan dilakukan dengan mengacu              The holding of the Company’s GMS is carried out with
                                                                                                                                                                including Mathematics and Finance, Economics, Business Administration
pada ketentuan antara lain:                                          reference of the following provisions:
                                                                                                                                                                Management, Engineering, Architect and Hospitality,
1. Undang-Undang No. 40 tahun 2007 tentang Perseroan                 1. Law No. 40 of 2007 concerning Limited Liability
   Terbatas;                                                            Companies;                                                    Pengalaman                Anggota Dewan Komisaris juga memiliki keberagaman dalam aspek
2. Anggaran Dasar Perseroan terakhir.                                2. The latest Articles of Association of the Company;            Work Experience           pengalaman kerja. Diantaranya berpengalaman di antara keuangan,
3. POJK No. 15/POJK.04/2020 tentang Rencana dan                      3. POJK No. 15/POJK.04/2020 concerning the Plan and                                        ekonomi dan investasi, property dan resor, manajemen Perseroan, investasi
   Penyelenggaraan Rapat Umum Pemegang Saham                            Implementation of the General Meeting of Shareholders                                   perhotelan, serta industri jasa keuangan,
   Perseroan Terbuka (“POJK 15”);                                       of a Public Company (“POJK 15”);
                                                                                                                                                                Members of the Board of Commissioners also have different work experience,
Pelaksanaan RUPS Tahun 2021                                          Implementation of the 2021 GMS                                                             such as finance, economy and investment, property and resort, Company
Pada tahun 2021, Perseroan belum melaksanakan Rapat                  In 2021, the Company has not held a General Meeting of                                     management, hotel investment and financial services industry,
Umum Pemegang Saham. Tertundanya pelaksanaan RUPS                    Shareholders. The implementation of the 2021 GMS was             Usia                      Keberagaman Dewan Komisaris juga terlihat dari usia anggota yang
di tahun buku 2021, disebabkan upaya konsolidasi internal            postponed due to the Company’s internal consolidation            Age                       memiliki rentang usia dari 48-65 tahun.
Perseroan yang terdampak kondisi Pandemi Covid-19 yang               efforts which were affected by the Covid-19 pandemic.
belum mereda. Dengan demikian, para pemegang saham                   Therefore, the shareholders of the Company are still delaying                              The diversity of the Board of Commissioners can also be seen from their age.
Perseroan masih menunda pelaksanaan RUPS tahun 2021.                 the implementation of the 2021 GMS. In the near future, the                                They are range from 48 to 65 years old.
Dalam waktu dekat Perseroan akan segera melaksanakan                 Company will soon hold a GMS for the 2021 financial year.
RUPS tahun buku 2021.                                                                                                                Uraian Tugas dan Tanggung Jawab Dewan Komisaris                    Description of Duties and Responsibilities of the Board of
                                                                                                                                                                                                        Commissioners
DEWAN KOMISARIS                                                      BOARD OF COMMISSIONERS                                          Sesuai dengan Anggaran Dasar Perseroan, Dewan Komisaris            In accordance with the Company’s Article of Association,
Dewan Komisaris merupakan salah satu organ utama                     The Board of Commissioners is one of the main organs of the     memiliki tugas dan tanggung jawab berikut:                         the Board of Commissioners has the following duties and
Perseroan yang bertugas melakukan pengawasan terhadap                Company in charge of supervising the management of the                                                                             responsibilities:
Pengurusan Perseroan yang dilakukan Direksi. Dengan                  Company carried out by the Board of Directors. Therefore, the   1. Memastikan pelaksanaan tata kelola yang baik dalam              1. Ensure the implementation of good governance in every
demikian, Perseroan dapat beroperasi sesuai visi dan misinya,        Company can operate according to its vision and mission, and       setiap usaha di seluruh tingkat atau jenjang organisasi.            business at all levels of the organization.
dan memastikan Perseroan telah melaksanakan tata kelola              ensure that the Company has implemented good governance         2. Melaksanakan fungsi pengawasan terhadap pelaksanaan             2. Carry out the supervisory function towards the
yang baik pada seluruh tingkatan atau jenjang organisasi.            at all levels of the organization.                                 tugas dan tanggung jawab Direksi, serta memberikan                  implementation of the duties and responsibilities of the
                                                                                                                                        nasihat kepada Direksi melalui cara sebagai berikut:                Board of Directors, as well as provide advice to the Board
Komposisi Dewan Komisaris                                            Composition of the Board of Commissioners                                                                                              of Directors in the following ways:
Per 31 Desember 2021, Perseroan memiliki lima (5) orang              As of December 31st, 2021, the Company has five                    a) Mengarahkan, memantau dan mengevaluasi                           a) Direct, monitor and evaluate the implementation of the
Dewan Komisaris, dengan komposisi: 1 (satu) Komisaris                (5) members of the Board of Commissioners, with the                   pelaksanaan kebijakan strategis Perseroan, termasuk                 Company’s strategic policies, including the Company’s
Utama; tiga (3) orang Komisaris Independen dan satu (1)              composition: one (1) President Commissioner; three (3)                kebijakan-kebijakan Perseroan yang wajib memperoleh                 policies that must obtain approval from the Board of
orang Komisaris dengan susunan sebagai berikut:                      Independent Commissioners and one (1) Commissioner                    persetujuan Dewan Komisaris, sebagaimana yang                       Commissioners, as required by the Financial Services
                                                                     with the following composition:                                       dipersyaratkan oleh Peraturan Otoritas Jasa Keuangan                Authority Regulation (POJK);
                                                                                                                                           (POJK);


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   b) Tidak terlibat dalam pengambilan keputusan terkait                b) Not involved in making decisions related to the                Pendidikan dan Pelatihan Dewan Komisaris Tahun 2021:               Education and Training for Board of Commissioners in 2021:
      dengan kegiatan operasional Perseroan, kecuali hal-hal                Company’s operational activities, except for other            Sepanjang tahun 2021, Perseroan tidak melaksanakan                 Throughout 2021, the Company did not hold education and
      lain yang ditetapkan dalam Anggaran Dasar Perseroan                   matters stipulated in the Company’s Articles of               pendidikan dan pelatihan untuk Dewan Komisaris karena              training for the Board of Commissioners because business
      atau peraturan perundang- undangan.                                   Association or laws and regulations.                          operasional bisnis belum optimal akibat dampak Covid-19.           operations were not optimal due to the impact of Covid-19.
3. Memastikan bahwa Direksi telah menindaklanjuti temuan             3. Ensure that the Board of Directors have followed up on
   audit dan rekomendasi dari Divisi Audit Perseroan, auditor           audit findings and recommendations from the Company’s             Laporan Pelaksanaan Tugas Dewan Komisaris                          Report of Implementation of Duties of the Board of
   eksternal, hasil pengawasan Otoritas Jasa Keuangan dan/              Audit Division, external auditors, the results of the Financial                                                                      Commissioners
   atau hasil pengawasan otoritas lain.                                 Services Authority’s supervision and/or the results of the        Selama tahun 2021, Dewan Komisaris Perseroan telah                 Throughout 2021, the Board of Commissioners carried out its
                                                                        supervision of other authorities.                                 melaksanakan fungsi, tugas, dan tanggung jawabnya terkait          functions, duties and responsibilities related to supervision
4. Menghadiri dalam rapat-rapat seperti Rapat Direksi,               4. Attend meetings such as Board of Directors Meetings and           pengawasan dan pemberian saran serta rekomendasi kepada            and providing advice and recommendations to the Board
   maupun Rapat Komite untuk memantau dan melaksanakan                  Committee Meetings to monitor and carry out active and            Direksi dalam melakukan pengurusan Perseroan, terutama             of Directors in managing the Company, especially through
   fungsi pengawasan secara aktif dan langsung terhadap                 direct supervisory functions on the Company’s operations          melalui rapat-rapat Dewan Komisaris dan Rapat Gabungan             Board of Commissioners meetings and Joint Meetings of
   operasional Perseroan agar sesuai dengan Kebijakan                   in order to comply with the Company’s Policies, Articles          Dewan Komisaris dan Direksi.                                       the Board of Commissioners and the Board of Directors.
   Perseroan, Anggaran Dasar, Peraturan Otoritas Jasa                   of Association, Financial Services Authority Regulations
   Keuangan dan peraturan perundangan lain yang berlaku                 and other laws and regulations that are effective and             Penilaian Kinerja Dewan Komisaris                                  Evaluating the Performance of Board of Commissioners
   efektif dan sah.                                                     valid.                                                            Perseroan melakukan penilaian kinerja Dewan Komisaris              The Company evaluates the performance of the Board of
5. Melakukan telaah dan memberikan persetujuan terhadap              5. Review and approve the annual report prepared by the              sedikitnya 1 (satu) kali dalam setahun. Selama tahun 2021,         Commissioners at least 1 (one) time a year. Throughout
   laporan tahunan yang disusun oleh Direksi sesuai dengan              Board of Directors in accordance with applicable laws,            Perseroan menilai, Dewan Komisaris baik secara individu            2021, the Company evaluated the Board of Commissioners,
   ketentuan hukum, kebijakan, dan perundangan yang                     policies and regulations.                                         maupun secara kolektif, telah melaksanakan fungsi, tugas,          both individually and collectively, and stated that the Board of
   berlaku.                                                                                                                               tanggung jawab, dan wewenangnya dengan baik.                       Commissioners performed well in carrying out their functions,
6. Melaksanakan tugas dan tanggung jawab Dewan                       6. Carry out other duties and responsibilities of the Board                                                                             duties, responsibilities and authorities.
   Komisaris lainnya yang ditetapkan oleh Anggaran Dasar,               of Commissioners as determined by the Articles of
   peraturan internal Perseroan dan ketentuan peraturan                 Association, the Company’s internal regulations and the           Prosedur yang digunakan untuk melakukan penilaian kinerja          The procedure used to evaluate the performance of the Board
   perundang-undangan yang berlaku bagi Dewan Komisaris.                provisions of the laws and regulations applicable to the          Dewan Komsaris pada Tahun 2021 adalah berdasarkan self             of Commissioners in 2021 is based on a self-assessment
                                                                        Board of Commissioners.                                           assessment yang meliputi efektivitas kinerja, kepribadian,         which includes effectiveness, personality, and quality aspects.
                                                                                                                                          dan aspek kualitas. Sedangkan kriteria yang digunakan dalam        Meanwhile, the criteria used in evaluating the performance
Wewenang Dewan Komisaris:                                            Authority of the Board of Commissioners:                             penilaian kinerja adalah berdasarkan capaian kinerja selama        are based on the achievements during the financial year,
1. Meminta bantuan tenaga ahli atau konsultan untuk jangka           1. Request assistance from experts or consultants for a              tahun buku, kompetensi dan kehadiran dalam rapat Dewan             competence and attendance at the Board of Commissioners’
   waktu terbatas, atas beban Perseroan, jika perlu.                    limited period of time, at the expense of the Company, if         Komisaris dan Rapat Gabungan Dewan Komaris dan Direksi.            meetings and Joint Meetings of the Board of Commissioners
                                                                        necessary.                                                                                                                           and the Board of Directors.
2. Meminta penjelasan dari Direksi tentang segala hal yang           2. Requesting an explanation from the Board of Directors
   ditanyakan kepada Direksi.                                           regarding all matters that are asked to the Board of              Penilaian Kinerja Komite di Bawah Dewan Komisaris                  Evaluating the Performance of Committees Under the Board
                                                                        Directors.                                                                                                                           of Commissioners
3. Memperoleh informasi mengenai Perseroan secara tepat              3. Obtaining information about the Company in a timely and           Dalam melaksanakan tugas, fungsi, tanggung jawab dan               In carrying out their duties, functions, responsibilities and
   waktu dan lengkap.                                                   complete manner.                                                  wewenangnya, Dewan Komisaris didukung oleh Komite                  authorities, the Board of Commissioners is supported by
4. Dengan suara terbanyak memberhentikan untuk sementara             4. By a majority vote, temporarily dismiss one or more               Audit dan Komite Nominasi dan Remunerasi. Komite-Komite            the Audit Committee and the Nomination and Remuneration
   satu atau lebih anggota Direksi, jika dinilai melakukan              members of the Board of Directors, if they take action            tersebut dibentuk dan bertanggung jawab langsung kepada            Committee. These committees are formed and report directly
   tindakan yang bertentangan dengan Anggaran Dasar,                    that are contrary to the Articles of Association, neglect         Dewan Komisaris.                                                   to the Board of Commissioners.
   melalaikan kewajibannya atau karena alasan lain yang                 their obligations or for other reasons that endanger the
   membahayakan Perseroan.                                              Company.                                                          Berdasarkan prosedur dan kriteria penilaian yang dilakukan         Based on the assessment procedures and criteria carried out
                                                                                                                                          Dewan Komisaris selama tahun 2021, Komite Audit serta              by the Board of Commissioners throughout 2021, the Audit
Piagam Dewan Komisaris                                               Board of Commissioners Charter                                       Komite Nominasi dan Remunerasi telah melaksanakan                  Committee and the Nomination Committee and Remuneration
Untuk mendukung pelaksanaan fungsi, tanggung jawab dan               To support the implementation of the functions,                      pekerjaan dengan baik untuk membantu pelaksanaan fungsi,           has done a good job in assisting the implementation of the
kewenangan Dewan Komisaris, Perseroan saat ini masih                 responsibilities and authorities of the Board of Commissioners,      tugas, tanggung jawab, dan wewenang Dewan Komisaris                functions, duties, responsibilities, and authorities of the
dalam proses penyusunan Pedoman Manual atau Piagam                   the Company is currently still in the process of preparing the       Perseroan.                                                         Board of Commissioners.
Dewan Komisaris                                                      Manual or Charter of the Board of Commissioners.
                                                                                                                                          Prosedur dan kriteria penilaian kinerja Komite Audit dan           The procedures and criteria for evaluating the performance of
DEWAN KOMISARIS                                                      BOARD OF COMMISSIONERS                                               Komite Nominasi dan Remunerasi tersebut didasarkan atas            the Audit Committee and the Nomination and Remuneration
                                                                                                                                          evaluasi terhadap: realisasi dan penyelesaian program kerja        Committee are based on the evaluation of: the realization
Program Pengenalan Komisaris Baru                                    New Commissioner Introductory Program                                yang telah tersusun dalam RKA tahunan; pemberian saran             and completion of the work program that has been compiled
Perseroan memiliki program induksi atau program pengenalan           The Company has an induction program or an introduction              dan rekomendasi serta masukan yang diberikan kepada                in the annual RKA; providing advice and recommendations
untuk anggota Komisaris yang baru pertama kali diangkat.             program for newly appointed members of the Board of                  Dewan Komisaris; serta tingkat kehadiran rapat masing-             as well as input given to the Board of Commissioners; as
Diharapkan melalui program induksi ini, Komisaris Perseroan          Commissioners. It is hoped that through this induction               masing Komite.                                                     well as the level of meeting attendance of each Committee.
yang baru diangkat dapat lebih mengenal Perseroan, termasuk          program, the newly appointed Commissioners of the Company
hal-hal lainnya yang dianggap perlu dalam mendukung tugas            can get to know the Company better, including other matters          Komisaris Independen                                               Independent Commissioner
dan tanggung jawabnya sebagai Dewan Komisaris Perseroan.             deemed necessary to support their duties and responsibilities        Perseroan telah memenuhi ketentuan POJK No 33/                     The Company has fulfilled the provisions of POJK No.33/
                                                                     as the Company’s Board of Commissioners.                             POJK.04/2014 tentang Direksi dan Dewan Komisaris Emiten            POJK.04/2014 concerning the Board of Directors and Board
                                                                                                                                          atau Perseroan Publik mengenai Komisaris Independen.               of Commissioners of Issuers or Public Companies regarding


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Tahun 2021 Perseroan memiliki tiga (3) Komisaris Independen          Independent Commissioners. In 2021 the Company has three           Keberagaman Komposisi Direksi
atau 60% dari total anggota Dewan Komsiaris Perseroan yang           (3) Independent Commissioners or 60% of the total five (5)         Composition Diversity of the Board of Directors
sebanyak lima (5) orang. Komisaris Independen yang dipilih           members of the Company’s Board of Commissioners. The
dan ditetapkan Perseroan telah lulus uji kemampuan dan               Independent Commissioners selected and appointed by                Pendidikan              Anggota Direksi memiliki latar belakang pendidikan yang berbeda sesuai kompetensi yang
kepatutan dari OJK dan diangkat berdasarkan persetujuan              the Company have passed the fit and proper test from the           Education               dibutuhkan Perseroan, diantaranya Teknik Sipil, Master Bangunan Baja, Akuntansi,
RUPS.                                                                OJK and were appointed based on the approval of the GMS.                                   Manajemen Bisnis International, Manajemen Perhotelan.
                                                                                                                                                                Members of the Board of Directors have different educational backgrounds in accordance with
DIREKSI                                                              BOARD OF DIRECTORS                                                                         the competencies required by the Company, including Civil Engineering and Master of Steel
Direksi merupakan organ Perseroan yang berwenang dan                 The Board of Directors is an organ of the Company that is                                  Building; Architectural Engineering; and International Business and Business Administration.
bertanggung jawab penuh secara individu maupun secara                authorized and fully responsible individually and collegially      Pengalaman              Anggota Direksi juga memiliki keberagaman dalam aspek pengalaman kerja. Diantaranya
kolegial terhadap pengurusan dan untuk kepentingan                   for the management and for the benefit of the Company, in          Work Experience         berpengalaman di antaranya industri hotel dan pariwisata; Perbankan, manufaktur material
Perseroan, sesuai maksud dan tujuan Perseroan, serta                 accordance with the aims and objectives of the Company,                                    bangunan dan perdagangan; pengembangan properti; dan bisnis manajemen hotel.
mewakili Perseroan baik di dalam maupun di luar pengadilan           and represents the Company both inside and outside the                                     Members of the Board of Directors also have different work experience such as hotel
sesuai dengan ketentuan Anggaran Dasar dan peraturan                 court in accordance with the provisions of the Articles of                                 and tourism industry; Banking, manufacturing of building materials and trading; property
perundang-undangan yang terkait.                                     Association and applicable laws and regulations.                                           development; and hotel management business.
                                                                                                                                        Usia                    Keberagaman Direksi juga terlihat dari usia anggota yang memiliki rentang usia dari 50-65
Dalam melaksanakan tugasnya, seluruh anggota Direksi                 In carrying out their duties, all members of the Board of          Age                     tahun.
mematuhi Anggaran Dasar Perseroan dan peraturan                      Directors comply with the Company’s Articles of Association                                The diversity of the Board of Directors can also be seen from the age of the members who have
perundang-undangan berlaku, serta melaksanakan                       and applicable laws and regulations, and implement the                                     an age range of 50-65 years.
prinsip-prinsip transparansi, akuntabilitas, responsibilitas,        principles of transparency, accountability, responsibility,
independensi, serta kewajaran.                                       independence, and fairness.                                        Jenis Kelamin           Direksi juga memiliki keberagaman gender dengan mengakomodir wanita sebagai salah
                                                                                                                                        Gender                  seorang anggota Direksi.
Komposisi Direksi Perseroan Tahun 2021                               Composition of the Board of Directors in 2021                                              The Board of Directors also has gender diversity by having women as members of the Board of
Susunan dan komposisi Direksi Perseroan sampai 31                    The composition of the Board of Directors up to December                                   Directors.
Desember 2021 sebagai berikut:                                       31, 2021 are as follows:



                Nama                  Jabatan                           Dasar Pengangkatan                           Periode
 No.
                Name                  Position                          Basis of Appointment                          Period
  1    Franky Tjahyadikarta     Direktur Utama        Akta No.50 tanggal 28 Agustus 2020                           2020-2025           Piagam Direksi                                                    Board of Directors Charter
                                President Director    Deed No.50 dated August 28, 2020                                                 Untuk memenuhi ketentuan sesuai POJK No.33/                       To fulfil the provisions of POJK No.33/POJK.04/2014, the
                                                                                                                                       POJK.04/2014, Perseroan saat ini sedang menyusun Piagam           Company is currently preparing a Board of Directors Charter
  2    Hendry Utomo             Direktur              Akta No.50 tanggal 28 Agustus 2020                           2020-2025           Direksi sebagai pedoman pelaksanaan fungsi, tugas dan             as a guideline for the implementation of the functions, duties
                                Director              Deed No.50 dated August 28, 2020                                                 tanggung jawab Direksi.                                           and responsibilities of the Board of Directors.
  3    I Nyoman Tri             Direktur              Akta No.50 tanggal 28 Agustus 2020                           2020-2025
       Suryanegara Lingga       Director              Deed No.50 dated August 28, 2020                                                 Tugas dan Wewenang Direksi                                        Duties and Authorities of the Board of Directors
                                                                                                                                       Secara umum Direksi memiliki tugas dan tanggung jawab             In general, the Board of Directors have the following duties
                                                                                                                                       pengurusan Perseroan sebagai berikut:                             and responsibilities:

Keberagaman Komposisi Direksi                                        The Diversity of Composition of the Board of Directors            1. Melaksanakan prinsip-prinsip dan praktik Tata Kelola           1. Implement the principles and practices of Good Corporate
Perseroan menerapkan keberagaman dalam keanggotaan                   The Company implements diversity in the membership and               dalam setiap kegiatan usaha Perseroan pada seluruh                Governance in each of the Company’s business activities
dan susunan Direksi dengan maksud untuk menciptakan                  composition of the Board of Directors with the aim of creating       tingkatan atau jenjang organisasi;                                at all levels of the organization;
keberagaman solusi dan perspektif dalam memecahkan                   a variety of solutions and perspectives in solving problems.      2. Melakukan perencanaan serta kebijakan strategis dan            2. Conduct strategic planning and policies and strive to
masalah yang dihadapi. Melalui keberagaman dalam                     The diversity in the membership of the Board of Directors will       mengupayakan pencapaian rencana kerja serta tujuan                achieve the Company’s work plans and business objectives
keanggotaan Direksi Perseroan, akan mempermudah                      facilitate the right decision making in all conditions faced by      usaha untuk jangka pendek, jangka menengah, dan jangka            for the short, medium and long term;
pengambilan keputusan secara tepat pada segala kondisi               the Company. The following is the diversity in the composition       panjang Perseroan;
yang dihadapi Perseroan. Berikut keberagaman dalam                   of the members of the Board of Directors:                         3. Menjaga nilai aktiva Perseroan dengan memastikan               3. Maintain the value of the Company’s assets by ensuring
susunan anggtoa Direksi Perseroan:                                                                                                        tersedianya sumber daya dan mekanisme pengendalian                the availability of adequate resources and internal control
                                                                                                                                          internal yang memadai untuk menghindari kerugian akibat           mechanisms to avoid losses due to business risks and
                                                                                                                                          risiko usaha dan risiko operasional;                              operational risks;
                                                                                                                                       4. Mewakili Perseroan di dalam dan di luar Pengadilan             4. Represent the Company inside and outside the Court on
                                                                                                                                          tentang segala hal dan dalam segala kejadian;                     all matters and in all events;
                                                                                                                                       5. Menjalankan segala tindakan baik mengenai kepengurusan         5. Carry out all actions both regarding management and
                                                                                                                                          maupun kepemilikan dengan pembatasan yang diatur                  ownership and the restrictions are stipulated in the
                                                                                                                                          dalam Anggaran Dasar Perseroan dan peraturan perundang            Company’s Articles of Association and the applicable
                                                                                                                                          undangan yang berlaku;                                            laws and regulations;




PT Bukit Uluwatu Villa Tbk                                      90                             Laporan Tahunan 2021 Annual Report      Annual Report 2021 Laporan Tahunan                           91                                        PT Bukit Uluwatu Villa Tbk
Page 51
  Tata Kelola Perusahaan | Corporate Governance                                                                                                                                                                  Tata Kelola Perusahaan | Corporate Governance




Pembagian Tugas dan Tanggung Jawab                              Division of Duties and Responsibilities                       Pendidikan dan Pelatihan Direksi Tahun 2021                          Education and Training for the Board of Directors 2021
Sesuai dengan Anggaran Dasar Perseroan, pembagian tugas         In accordance with the Company’s Articles of Association,     Sepanjang tahun 2021, Perseroan tidak melaksanakan                   Throughout 2021, the Company did not hold education
dan tanggung jawab Direksi dilakukan sebagai berikut:           the division of duties and responsibilities of the Board of   pendidikan dan pelatihan Direksi karena operasional bisnis           and training for the Board of Directors because business
                                                                Directors are as follows:                                     terdampak pandemic Covid-19.                                         operations were affected by the Covid-19 pandemic.

         Nama dan Jabatan                                     Tugas dan Tanggung Jawab                                        Laporan Singkat Pelaksanaan Tugas Direksi                            Brief Report of Implementation of Duties of the Board of
 No.
         Name and Position                                     Duties and responsibilities                                                                                                         Directors
  1    Franky Tjahyadikarta    1. Melakukan pengurusan Perseroan secara keseluruhan untuk kelancaran dan                      Di tengah sejumlah beratnya tantangan yang dihadapi                  In the midst of severe challenges faced by the Company
                                  kelangsungan usaha, serta memastikan semua kegiatan usaha telah sesuai dengan               Perseroan selama tahun 2021, Direksi Perseroan telah                 throughout 2021, the Company’s Directors have carried out
       Direktur Utama             visi, misi dan nilai Perseroan.                                                             menjalankan fungsi, tugas, dan tanggung jawabnya                     their functions, duties and responsibilities in managing the
       President Director         Carry out all management of the Company, as well as ensure that all business activities     terkait pengurusan Perseroan. Direksi telah menetapkan               Company. The Board of Directors has established strategic
                                  are in accordance with the vision, mission and values of the Company.                       kebijakan-kebijakan strategis dalam rangka mempertahankan            policies in order to maintain sustainability and business
                                                                                                                              keberlanjutan dan kesinambungan bisnis. Diantaranya                  continuity. Among them are through maintaining the image
                               2. Melakukan koordinasi, komunikasi, pengambilan keputusan, dan memimpin                       melalui kebijakan strategis untuk menjaga citra dan tetap            and continue to provide the best service to the hotels and
                                  pelaksanaan dan pengurusan usaha Perseroan.                                                 memberikan pelayanan terbaik pada hotel dan resor yang               resorts owned by the Company.
                                  Coordinate, communicate, make decisions, and lead the implementation and                    dimiliki Perseroan.
                                  management of the Company’s business.

  2    Hendry Utomo            1. Melakukan koordinasi perumusan strategi jangka panjang Perseroan sebagai dasar              Penilaian Kinerja Direksi Tahun 2021                                 Evaluating the Performance of the Board of Directors in 2021
                                  perumusan Rencana Kerja dan Anggaran Perseroan (RKAP).                                      Perseroan melakukan penilaian kinerja Direksi sedikitnya 1           The Company evaluates the performance of the Board of
       Direktur                   Coordinate the formulation of the Company’s long-term strategy as the basis for the         (satu) kali dalam setahun. Selama tahun 2021, Perseroan              Directors at least 1 (one) time a year. Throughout 2021,
       Director                   formulation of the Company’s Work Plan and Budget (RKAP).                                   menilai, Direksi baik secara individu maupun secara kolegial,        the Company evaluated the Board of Directors, both
                                                                                                                              telah menjalankan fungsi, tugas, tanggung jawab, dan                 individually and collegially, and stated that the Board of
                               2. Mengambil langkah-langkah untuk mengurangi dan mengelola berbagai risiko                    wewenangnya dengan baik.                                             Directors performed well in carrying out their functions,
                                  finansial yang mungkin dihadapi oleh Perseroan.                                                                                                                  duties, responsibilities and authorities.
                                  Take steps to reduce and manage various financial risks that may be faced by the
                                  Company.                                                                                    Prosedur yang digunakan untuk melakukan penilaian                    The procedure used to evaluate the performance of the Board
                               3. Memastikan seluruh unit usaha dan wilayah kerja Perseroan mematuhi kebijakan                kinerja Direksi pada Tahun 2021 dilakukan berdasarkan self           of Directors in 2021 is based on a self-assessment which
                                  dan standard operating procedure (SOP) keuangan yang berlaku untuk masing-                  assessment. Di dalamnya meliputi aspek efektivitas kinerja,          includes effectiveness, personality, and quality aspects.
                                  masing fungsi sesuai dengan rencana yang telah disetujui.                                   kepribadian, dan kualitas. Sedangkan kriteria yang digunakan         Meanwhile, the criteria used in evaluating the performance
                                  Ensure that all business units and work areas of the Company comply with the                dalam penilaian kinerja adalah berdasarkan capaian kinerja,          are based on the achievements, the competence of the Board
                                  applicable financial policies and standard operating procedures (SOP) in accordance         kompetensi Direksi dalam pengurusan Perseroan selama                 of Directors in managing the Company during the financial
                                  with the approved plan.                                                                     tahun buku dan kehadiran dalam rapat Direksi dan Rapat               year and attendance at Board of Directors meetings and
                               4. Melakukan sinergi dan optimalisasi terhadap seluruh usaha Perseroan.                        Gabungan dengan Dewan Komisaris.                                     Joint Meetings with the Board of Commissioners.
                                  Synergize and optimize all of the Company’s businesses.
                                                                                                                              Penilaian Kinerja Komite di Bawah Direksi                            Evaluating the Performance of Committees Under the Board
                               5. Memastikan ketersediaan dana operasional Perseroan untuk memenuhi kegiatan                                                                                       of Directors
                                  operasional sehari-hari, melalui koordinasi dengan para pempinan unit usaha.                Dalam pelaksanaan tugasnya menjalankan pengurusan                    In carrying out their duties, which is managing the Company,
                                  Ensure the availability of the Company’s operational funds to meet daily operational        Perseroan, Direksi didukung Sekretaris Perseroan, dan                the Board of Directors is supported by the Corporate
                                  activities, through coordination with business unit leaders.                                Internal Audit, serta telah membentuk Komite Keberlanjutan           Secretary, and Internal Audit, and has formed the Company’s
                               6. Memastikan bahwa konsolidasi keuangan dilakukan secara akurat dan tepat waktu               Perseroan. Direksi menilai bahwa Sekretaris Perseroan,               Sustainability Committee. The Board of Directors considers
                                  untuk keperluan pelaporan kepada Direksi dan Komisaris.                                     Internal Audit dan Komite Keberlanjutan Perseroan sudah              that the Corporate Secretary, Internal Audit and the Company’s
                                  Ensure that financial consolidation is carried out in an accurate and timely manner for     bekerja dengan baik untuk mendukung pelaksanaan tugas                Sustainability Committee have worked well to support the
                                  reporting purposes to the Board of Directors and Commissioners.                             Direksi selama tahun 2021.                                           implementation of the duties of the Board of Directors
  3    I Nyoman Tri            1. Menciptakan dan meningkatkan iklim usaha independen sekaligus mengakomodir                                                                                       throughout 2021.
       Suryanegara Lingga         kepentingan pemegang saham minoritas dan pemangku kepentingan lainnya.
                                  Create and improve independent business climate while accommodating the interests           Prosedur penilaian kinerja Komite Keberlanjutan Perseroan            The procedure for evaluating the performance of the
       Direktur                   of minority shareholders and other stakeholders.                                            tersebut dilakukan melalui parameter pengukuran Key                  Company’s Sustainability Committee is conducted through the
       Director                                                                                                               Performance Indicator (KPI) yang dilakukan selama tahun              Key Performance Indicator (KPI) measurement parameters
                               2. Memastikan bahwa Perseroan telah memiliki sistem pengendalian internal dan audit            2021. Sedangkan kriteria yang digunakan melakukan penilaian          which was held throughout 2021. While the criteria used to
                                  yang memadai.                                                                               meliputi: pelaksanaan Rapat Komite Keberlanjutan Perseroan;          conduct the assessment include: the implementation of the
                                  Ensure that the Company has an adequate internal control and audit system.                  tingkat kehadiran anggota komite; pelaksanaan penyampaian            Company’s Sustainability Committee Meeting; attendance
                               3. Memastikan bahwa pengurusan Perseroan dilakukan secara profesional dan efektif              laporan kerja; dan dokumentasi laporan kerja.                        of committee members; implementation of the submission
                                  serta telah mematuhi undang-undang dan peraturan yang berlaku dalam seluruh                                                                                      of work reports; and documentation of the work reports.
                                  pelaksanaan kegiatan usaha.
                                  Ensure that the management of the Company is carried out professionally and
                                  effectively and has complied with the applicable laws and regulations in implementing
                                  all business activities.



PT Bukit Uluwatu Villa Tbk                                 92                            Laporan Tahunan 2021 Annual Report   Annual Report 2021 Laporan Tahunan                              93                                        PT Bukit Uluwatu Villa Tbk
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  Tata Kelola Perusahaan | Corporate Governance                                                                                                                                                                    Tata Kelola Perusahaan | Corporate Governance




Rapat Dewan Komisaris & Direksi
Meetings of The Board of Commissioners & Board of Directors


Rapat Dewan Komisaris                                               Board of Commissioners Meeting                                   Rapat Gabungan Dewan Komisaris Dan Direksi                       Joint Meeting of the Board of Commissioners and the
Dewan Komisaris Perseroan melaksanakan fungsi                       The Board of Commissioners carries out the supervisory                                                                            Board of Directors
pengawasan Pengurusan Perseroan yang Direksi melalui                function of the Management of the Company, which is the          Sesuai dengan Peraturan OJK No.33/POJK.04/2014, pada             In accordance with OJK Regulation No.33/POJK.04/2014,
rapat Komisaris, rapat gabungan Komisaris dengan Direksi            Board of Directors through the Board of Commissioners            tahun 2021 Dewan Komisaris telah mengadakan Rapat                in 2021 the Board of Commissioners held a Joint Meeting
maupun rapat Komisaris dengan Komite untuk membahas                 meeting, joint meetings between the Board of Commissioners       Bersama dengan Direksi dan sebaliknya juga demikian.             with the Board of Directors and vice versa. In 2021, joint
kinerja keuangan, profil risiko, serta menindaklanjuti hasil        and the Board of Directors or a meeting between the Board        Selama tahun 2021, Rapat bersama Dewan Komisaris dan             meetings with the Board of Commissioners and the Board
rekomendasi terkait.                                                of Commissioners and the Committee to discuss financial          Direksi dilakukan sebanyak 4 kali. Berikut rincian Rapat         of Directors were held 4 times. The following are the details
                                                                    performance, risk profile, as well as following up on the        Gabungan Dewan Komisaris dan Direksi tahun 2021:                 of the Joint Meeting of the Board of Commissioners and the
                                                                    results of related recommendations.                                                                                               Board of Directors in 2021:

Sepanjang tahun 2021, Dewan Komisaris telah melaksanakan            Throughout 2021, the Board of Commissioners has held
rapat sebanyak 4 kali. Rincian agenda dan hasil rapat               4 meetings. Details of the agenda and the result of the           Kehadiran Dewan Komisaris Dalam Rapat Bersama Tahun 2021:
diantaranya mengenai: Pembahasan Kinerja Keuangan                   meeting include: Monthly Financial Performance Discussion;        Attendance of the Board of Commissioners Joint Meeting in 2021:
bulanan; Pembahasan atas Laporan Komite Audit,                      Discussion on the Audit Committee Report, Discussion of                                                                                                                              %
Pembahasan Rencana dan Pengembangan Usaha serta                     the Business Plan and Development and the Company’s                            Nama                       Jabatan                 Jumlah Rapat        Jumlah Kehadirnan
                                                                                                                                      No.                                                                                                           Kehadiran
operasional Perseroan.                                              operations.                                                                    Name                       Position              Number of Meetings     Total Attendance
                                                                                                                                                                                                                                                    Attendance

                                                                                                                       %               1    Okie Rehardi Lukita    Komisaris Utama
                Nama                      Jabatan                Jumlah Rapat            Jumlah Kehadirnan                                                                                                  4                       4                  100%
 No.                                                                                                              Kehadiran                                        President Commissioner
                Name                      Position             Number of Meetings         Total Attendance
                                                                                                                  Attendance           2    Alexander Shaik        Komisaris Independen
                                                                                                                                                                                                            4                       4                  100%
  1    Okie Rehardi Lukita     Komisaris Utama                                                                                                                     Independent Commissioner
                                                                            6                      6                 100%
                               President Commissioner                                                                                  3    Johandi Kumaheri       Komisaris Independen
                                                                                                                                                                                                            4                       4                  100%
  2    Alexander Shaik         Komisaris Independen                                                                                                                Independent Commissioner
                                                                            6                      6                 100%
                               Independent Commissioner                                                                                4    I Gusti Putu Wisesa    Komisaris Independen
                                                                                                                                                                                                            4                       4                  100%
  3    Johandi Kumaheri        Komisaris Independen                                                                                                                Independent Commissioner
                                                                            6                      6                 100%
                               Independent Commissioner                                                                                5    Seong Hoon Park        Komisaris
                                                                                                                                                                                                            4                       4                  100%
  4    I Gusti Putu Wisesa     Komisaris Independen                                                                                                                Commissioner
                                                                            6                      6                 100%
                               Independent Commissioner
  5    Seong Hoon Park         Komisaris
                                                                            6                      6                 100%             Kehadiran Direksi Dalam Rapat Bersama Tahun 2021:
                               Commissioner
                                                                                                                                      Attendance of the Board of Directors Joint Meeting in 2021:
                                                                                                                                                                                                                                                         %
                                                                                                                                                   Nama                       Jabatan                 Jumlah Rapat        Jumlah Kehadirnan
Rapat Direksi                                                       Board of Directors Meeting                                        No.                                                                                                           Kehadiran
                                                                                                                                                   Name                       Position              Number of Meetings     Total Attendance
Sepanjang tahun 2021, Direksi telah melaksanakan 12                 Throughout 2021, the Board of Directors has held 12                                                                                                                             Attendance
kali rapat. Rapat yang dilakukan Direksi bertujuan untuk            meetings. The meeting held by the Board of Directors aims          1    Franky Tjahyadikarta   Direktur Utama
membahas rencana dan strategi bisnis, serta kinerja                 to discuss business plans and strategies, as well as the                                                                                4                       4                  100%
                                                                                                                                                                   President Director
Perseroan selama tahun 2021. Topik utama rapat Direksi              Company’s performance in 2021. The main topic of the
adalah strategi mempertahankan kelangsungan usaha                   Board of Directors meeting is the strategy to maintain the         2    Hendry Utomo           Direktur
                                                                                                                                                                                                            4                       4                  100%
Perseroan di tengah pandemi Covid-19. Berikut frekuensi             Company’s business continuity in the midst of the Covid-19                                     Director
dan kehadiran masing-masing anggota Direksi dalam rapat:            pandemic. The following is the total of the Board of Directors     3    I Nyoman Tri           Direktur
                                                                                                                                                                                                            4                       4                  100%
                                                                    meetings and the total attendance of each member:                       Suryanegara Lingga     Director


                                                                                              Jumlah                  %
                Nama                 Jabatan                Jumlah Rapat
 No.                                                                                        Kehadirnan           Kehadiran
                Name                 Position             Number of Meetings
                                                                                          Total Attendance       Attendance
  1    Franky Tjahyadikarta    Direktur Utama
                                                                       12                         12                100%
                               President Director
  2    Hendry Utomo            Direktur
                                                                       12                         12                100%
                               Director
  3    I Nyoman Tri            Direktur
                                                                       9                          9                  75%
       Suryanegara Lingga      Director




PT Bukit Uluwatu Villa Tbk                                     94                             Laporan Tahunan 2021 Annual Report     Annual Report 2021 Laporan Tahunan                         95                                        PT Bukit Uluwatu Villa Tbk
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  Tata Kelola Perusahaan | Corporate Governance                                                                                                                                                                 Tata Kelola Perusahaan | Corporate Governance




Nominasi Dan Remunerasi Direksi
Dan Dewan Komisaris
Nomination And Remuneration Of Board Of Directors
And Board Of Commissioners
                                                                                                                                   Proses Remunerasi:
PROSEDUR NOMINASI:                                                 NOMINATION PROCEDURE:
                                                                                                                                   Remuneration Process:
Perseroan memiliki program untuk mempersiapkan regenerasi          The Company has a program to prepare the regeneration
kepemimpinan Direksi sebagai bagian dari prosedur Nominasi         of the leadership of the Board of Directors as part of the         Komite Nominasi &
Perseroan yang bertujuan untuk keberlanjutan usaha                 Company’s Nomination procedures aimed at the sustainability           Remunerasi                    Dewan Komisaris                 Pemegang Saham                        RUPS
Perseroan. Berikut Prosedur Nominasi pada Perseroan:               of the Company’s business. The following are the Nomination     Nomination & Remuneration        Board of Commissioners               Shareholders                        GMS
                                                                   Procedures for the Company:                                            Committee
1. Kebijakan melaksanakan mekanisme pemilihan dan                  1. Policies to implement the mechanism for selecting            • Mengkaji penghasilan          Membahas usulan dan          Menolak atau menyetujui           Memutuskan serta
   penggantian calon anggota Direksi dan Dewan Komisaris;              and replacing candidates for members of the Board of          yang akan diterima            rekomendasi tersebut         usulan Dewan Komisaris            memberikan wewenang
                                                                       Directors and Board of Commissioners;                         Direksi dan Dewan             bersama Komite Nominasi      yang akan dimasukan               kepada Dewan Komisaris
2. Penetapan kriteria persyaratan calon anggota Direksi dan        2. Determination of criteria for candidates for members of        Komisaris untuk gaji,         dan Remunerasi untuk         dalam agenda pembahasan           untuk menetapkan dan
   Dewan Komisaris;                                                    the Board of Directors and Board of Commissioners;            tunjangan, fasilitas, serta   disampaikan kepada           pada RUPS.                        melaksanakan Remunerasi
3. Program pengembangan kompetensi anggota Direksi                 3. Competency development program for members of the              insentif.                     Pemegang Saham.              Reject or approve the             anggota Direksi dan/atau
   dan Komisaris Perseroan.                                            Board of Directors and the Commissioners.                     Review the income to be       Discuss the proposals        proposal of the Board             Anggota Dewan Komisaris.
                                                                                                                                     received by the Board         and recommendations          of Commissioners to be            Decide and authorize the
                                                                                                                                     of Directors and Board        with the Nomination and      included in the discussion        Board of Commissioners to
                                                                                                                                     of Commissioners for          Remuneration Committee       agenda at the GMS.                determine and implement
 Proses Nominasi:                                                                                                                                                  to be submitted to the                                         the remuneration of
                                                                                                                                     salaries, allowances,
 Nomination Process:                                                                                                                                               Shareholders.                                                  members of the Board
                                                                                                                                     facilities, and incentives.
    Komite Nominasi &                                                                                                                                                                                                             of Directors and / or
       Remunerasi                    Dewan Komisaris                  Pemegang Saham                        RUPS                   • Menyampaikan                                                                                 Members of the Board of
 Nomination & Remuneration        Board of Commissioners                Shareholders                        GMS                      rekomendasi mengenai                                                                         Commissioners.
        Committee                                                                                                                    penghasilan Direksi dan
 Mengkaji usulan dan            Pembahasan usulan dan          Menolak atau menyetujui          Memutuskan mengangkat                Dewan Komisaris.
 memberikan rekomendasi         rekomendasi bersama            usulan Dewan Komisaris           anggota Direksi dan/atau             Provide recommendations
 mengenai calon yang            Komite Nominasi dan            yang akan dimasukan              Anggota Dewan Komisaris.             on the income of the
 memenuhi syarat sebagai        Remunerasi untuk               dalam agenda pembahasan          Appoint the members of               Board of Directors and
 anggota Direksi dan/atau       disampaikan kepada             pada RUPS.                       the Board of Directors and/          Board of Commissioners.
 anggota Dewan Komisaris        Pemegang Saham.                Reject or approve the            or members of the Board of
 disampaikan dalam RUPS.        Discuss the proposals          proposal of the Board of         Commissioners.
                                                                                                                                  Pada tahun 2021, total remunerasi yang diterima oleh Dewan        In 2021, the total remuneration received by the Board of
 Review the proposals           and the recommendations        Commissioners which
                                                                                                                                  Komisaris sejumlah Rp417 juta. Sedangan remunerasi yang           Commissioners is Rp417 million. And the remuneration
 and provide the                with the Nomination and        will be included in the
                                                                                                                                  diterima oleh Direksi sejumlah Rp1.116 juta.                      received by the Board of Directors is Rp1,116 million.
 recommendations regarding      Remuneration Committee         discussion agenda at the
 candidates who meet the        and submit it to the           GMS
 requirements as members        Shareholders.                                                                                      Hubungan Afiliasi dan Kepemilikan Saham Anggota Direksi, Dewan Komisaris
 of the Board of Directors                                                                                                         Affiliate Relations and Share Ownership of Members of the Board of Directors, Board of Commissioners
 and/or members of the
                                                                                                                                                                                                                    Hubungan Afiliasi
 Board of Commissioners
                                                                                                                                                                                                                   Affiliate Relationship
 and submit the proposal at
 the GMS.                                                                                                                                                               Jabatan                                                                Pemegang
                                                                                                                                         Nama Name                                               Anggota
                                                                                                                                                                        Position                                     Anggota Direksi         Saham Utama/
                                                                                                                                                                                              Dewan Komisaris
                                                                                                                                                                                                                     Member of Board           Pengendali
                                                                                                                                                                                             Member of Board of
                                                                                                                                                                                                                       of Director          Major/Controlling
                                                                                                                                                                                               Commissioner
Prosedur Remunerasi:                                               Remuneration Procedure:                                                                                                                                                    Shareholders
Menetapkan kriteria dan persyaratan pemberian Remunerasi           Determine the criteria and requirements for the remuneration                                         Dewan Komisaris | Board of Commissioners
Direksi dan Dewan Komisaris.                                       of the Board of Directors and the Board of Commissioners.
                                                                                                                                   Okie Rehardi Lukita         Komisaris Utama
                                                                                                                                                                                                        X                     V                     X
                                                                                                                                                               President Commissioner
                                                                                                                                   Alexander Shaik             Komisaris Independen
                                                                                                                                                                                                        X                     X                     X
                                                                                                                                                               Independent Commissioner
                                                                                                                                   Johandi Kumaheri            Komisaris Independen
                                                                                                                                                                                                        X                     X                     X
                                                                                                                                                               Independent Commissioner
                                                                                                                                   I Gusti Putu Wisesa         Komisaris Independen
                                                                                                                                                                                                        X                     X                     X
                                                                                                                                                               Independent Commissioner
                                                                                                                                   Seong Hoon Park             Komisaris
                                                                                                                                                                                                        X                     X                     X
                                                                                                                                                               Commissioner



PT Bukit Uluwatu Villa Tbk                                    96                            Laporan Tahunan 2021 Annual Report    Annual Report 2021 Laporan Tahunan                           97                                      PT Bukit Uluwatu Villa Tbk
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   Tata Kelola Perusahaan | Corporate Governance                                                                                                                                                                           Tata Kelola Perusahaan | Corporate Governance




 Hubungan Afiliasi dan Kepemilikan Saham Anggota Direksi, Dewan Komisaris
 Affiliate Relations and Share Ownership of Members of the Board of Directors, Board of Commissioners
                                                                                          Hubungan Afiliasi                                                       Informasi Mengenai Pemegang Saham Utama & Pengendali
                                                                                         Affiliate Relationship                                                    Information Regarding Major and Controlling Shareholders
                                             Jabatan                                                                 Pemegang
        Nama Name                                                       Anggota
                                             Position                                       Anggota Direksi        Saham Utama/
                                                                     Dewan Komisaris
                                                                                            Member of Board          Pengendali
                                                                    Member of Board of
                                                                                              of Director         Major/Controlling
                                                                      Commissioner
                                                                                                                    Shareholders            Archipelago Resorts       PT Asia Leisure
                                                                                                                                                                                                 NV III Holdings Ltd
                                                                                                                                                                                                                          Shinhan Investment             Masyarakat
                                                                                                                                               & Hotels Ltd              Network                                              Corp Group                   Public
                                                        Direksi | Board of Directors
 Franky Tjahyadikarta             Direktur Utama
                                                                              V                     X                    X                               27,8%                25%                      13%                     5,05%                            29,15%
                                  President Director
 Hendry Utomo                     Direktur
                                                                              X                     X                    X
                                  Director
 I Nyoman Tri                     Direktur                                                                                                                                           PT BUKIT ULUWATU VILLA Tbk
                                                                              X                     X                    X
 Suryanegara Lingga               Director

 X: Tidak Terafiliasi / Not Affiliated
 V: Terafiliasi / Affiliated


                                                                                                                                            PT Bukit Lentera                                                           PT Kharisma                       PT Sitaro Mitra
                                                                                                                                                                              PT Bukit Lagoi Villa
                                                                                                                                               Sejahtera                                                               Jawara Abadi                          Abadi
Terdapat hubungan afiliasi antara Komisaris Utama, Okie                  There is an affiliation between the President Commissioner,
Rehardi Lukita, dan Direktur Utama, Franky Tjahyadikarta,                Okie Rehardi Lukita, and President Director, Franky                     60%                              99,79%                                   25%                              80,29%
dengan pemegang saham utama, PT Asia Leisure Network                     Tjahyadikarta, with the ultimate shareholder, PT Asia Leisure        PT Bukit Nusa                       PT Mandra                        PT Kharisma Anugrah
(ALN). Okie Rehardi Lukita dan Franky Tjahyadikarta                      Network (ALN). Okie Rehardi Lukita and Franky Tjahyadikarta            Harapan                              Alila                             Jawara Abadi
merupakan pemegang saham saham ALN dengan                                are shareholders of ALN with 50% ownership each. In addition,
kepemilikan masing-masing sebesar 50%. Selain itu, keduanya              both are administrators in ALN where Franky Tjahyadikarta               60%                                99%                                  90,00%
merupakan pengurus di ALN dimana Franky Tjahyadikarta                    serves as Commissioner, while Okie Rehardi Lukita serves
menjabat sebagai Komisaris, sedangkan Okie Rehardi Lukita                as Director.                                                                                             PT Dialoog                             PT Culina
                                                                                                                                                                                 Mitra Sukses                          Global Utama
menjabat sebagai Direktur.
                                                                                                                                                                                     99%                                49,94%
Kepemilikan Saham oleh Direksi dan Dewan Komisaris                       Share Ownership by the Board of Directors and the Board
                                                                         of Commissioners
Sampai dengan akhir tahun 2021, tidak terdapat Dewan                     Until the end of 2021, neither the Board of Commissioners
Komisaris maupun Direksi Perseroan yang memiliki saham                   nor the Board of Directors owns the Company’s shares.            PT Mitra Banyuwangi                    PT Dialoog
Perseroan.                                                                                                                                      Selaras                         Grage Cirebon
                                                                                                                                                                                                                                   Hotel Property
                                                                                                                                               34,40%                               60%
                                                                                                                                                                                                                                   F & B and Lifestyle


                                                                                                                                                                                                                                   Land Bank




PT Bukit Uluwatu Villa Tbk                                          98                            Laporan Tahunan 2021 Annual Report     Annual Report 2021 Laporan Tahunan                             99                                          PT Bukit Uluwatu Villa Tbk
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  Tata Kelola Perusahaan | Corporate Governance                                                                                                                                                               Tata Kelola Perusahaan | Corporate Governance




KOMITE-KOMITE                                                     COMMITTEES                                                      Profil Komite Audit
                                                                                                                                  Audit Committee Profile
Dalam rangka mendukung pelaksanaan tugas, fungsi dan              In order to support the implementation of duties, functions
tanggungjawab, Dewan Komisaris membentuk komite-komite            and responsibilities, the Board of Commissioners established                Nama                                                    Profil Singkat
pendukung, yaitu Komite Audit serta Komite Nominasi dan           supporting committees, namely the Audit Committee and                       Name                                                     Brief Profile
Remunerasi. Dengan demikian, pelaksanaan tugas dan                the Nomination and Remuneration Committee. Thus, the            I Gusti Putu Wisesa          Dapat dilihat di bagian profil Dewan Komisaris dalam Laporan Tahunan ini.
tanggung jawab Dewan Komisaris dapat berjalan secara              implementation of the duties and responsibilities of the                                     It can be seen in the profile section of the Board of Commissioners in this Annual Report.
maksimal.                                                         Board of Commissioners can run optimally.                       Johandi Kumaheri             Dapat dilihat di bagian profil Dewan Komisaris dalam Laporan Tahunan ini.
                                                                                                                                                               It can be seen in the profile section of the Board of Commissioners in this Annual Report.
KOMITE AUDIT                                                      AUDIT COMMITTEE
Dewan Komisaris membentuk Komite Audit untuk membantu             The Board of Commissioners established an Audit Committee       Nurhayati                    Pendidikan: Institut Pertanian Bogor, Ekonomi Sosial Perikanan, 2003.
melakukan pengawasan Perseroan. Hal tersebut sesuai Surat         to assist the BOC in supervising the Company. This is in                                     Karir: Petty Cash Officer PT Hollit International (November 2007 - sekarang); Asisten
Keputusan Dewan komisaris tanggal 9 Maret 2011 tentang            accordance with the Decree of the Board of Commissioners        Kewarganegaraan:             Manajer Marketing PT Inni Ceragem (Januari 2005-Oktober 2007), Staf Marketing PT Inni
pembentukan Komite Audit. Komite Audit bekerja secara             dated March 9, 2011 regarding the establishment of the Audit    Indonesia                    Ceragem (Januari 2004-Desember 2004).
independ dan ditunjuk langsung oleh Dewan Komisaris dan           Committee. The Audit Committee works independently and          Tempat, tgl. lahir: Jakarta,
bertanggung jawab langsung kepada Dewan Komisaris untuk           is appointed directly by the Board of Commissioners and is      20 Desember 1979             Education: Bogor Agricultural University, Social Economics of Fisheries, 2003.
memastikan bahwa implementasi GCG pada Perseroan telah            directly responsible to the Board of Commissioners to ensure                                 Career: Petty Cash Officer PT Hollit International (November 2007 - present); Assistant
berjalan dengan baik.                                             that the implementation of GCG in the Company runs well.        Nationality: Indonesian      Marketing Manager PT Inni Ceragem (January 2005-October 2007), Marketing Staff PT Inni
                                                                                                                                  Place, date of birth:        Ceragem (January 2004-December 2004).
Komite Audit merupakan bagian tidak terpisahkan dari              The Audit Committee is an integral part of BUVA. Its main       Jakarta, 20 December
BUVA. Tugas utamanya memberikan pendapat independen               task is to provide independent and professional opinions        1979
dan profesional kepada Dewan Komisaris terkait evaluasi           to the Board of Commissioners regarding the evaluation
perencanaan dan pelaksanaan audit, serta memantau tindak          of audit planning and audit implementation, as well as
lanjut hasil audit guna menilai kecukupan pengendalian            monitoring the follow-up on audit results to assess the
internal, termasuk kecukupan proses pelaporan keuangan.           adequacy of internal control, including the adequacy of the    Independensi Anggota Komite Audit                               Independency of Audit Committee Members
Komite Audit juga memberikan rekomendasi mengenai                 finance reporting process. The Audit Committee also provides   Sesuai POJK 55/2015 dan diatur dalam Piagam Komite Audit,       In accordance with POJK 55/2015 and regulated in the Audit
penunjukan Akuntan Publik dan Kantor Akuntan Publik untuk         recommendations regarding the appointment of a Public          Perseroan memastikan Komite Audit menjalankan peran             Committee Charter, the Company ensures that the Audit
mengaudit informasi keuangan tahunan tahun 2021 kepada            Accountant and a Public Accounting Firm to audit the 2021      secara profesional dan independen, serta tidak menerima/        Committee carries out its role in a professional manner
Dewan Komisaris.                                                  annual finance information to the Board of Commissioners.      melakukan intervensi dari/kepada pihak lainnya.                 and independent, and does not accept/intervene from/to
                                                                                                                                                                                                 other parties.
Dasar Hukum                                                       Legal Basis
• POJK No. 33/POJK.04/2014 tentang Direksi dan Dewan              • POJK No.33/POJK.04/2014 concerning the Board of              Dalam menjalankan fungsi dan tugasnya secara independen,        In carrying out its functions and duties independently, the
  Komisaris Emiten atau Perusahan Publik                            Directors and Board of Commissioners of Issuers or Public    Komite Audit tidak memiliki afiliasi dengan Direktur, Dewan     Audit Committee has no affiliation with the Directors, Board
                                                                    Companies                                                    Komisaris maupun Pemegang Saham Pengendali, dan                 of Commissioners or Controlling Shareholders, and is not
• POJK No. 55/POJK.04/2015 tentang Pembentukan dan                • POJK No.55/POJK.04/2015 concerning the Establishment         bukan merupakan Pemegang Saham, maupun karyawan                 a Shareholder, nor an employee of the Company which has
  Pedoman Pelaksanaan Kerja Komite Audit                            and Guidelines for the Work Implementation of the Audit      dari Perseroan yang memiliki afiliasi maupun bisnis dengan      affiliation or business with the Company. The Audit Committee
                                                                    Committee                                                    Perseroan. Komite Audit yang berasal dari luar Perseroan,       that comes from outside the Company, has no personal
• Surat Keputusan Dewan komisaris tanggal 12 Agustus              • Decree of the Board of Commissioners dated August 12,        tidak memiliki kepentingan/keterkaitan pribadi yang dapat       interests/relationships that can have a negative impact and
  2020 tentang pembentukan Komite Audit.                            2020 regarding the establishment of the Audit Committee.     menimbulkan dampak negatif dan benturan kepentingan             conflict of interest with the Company.
                                                                                                                                 dengan Perseroan.
Struktur dan Keanggotaan                                          Structure and Membership
Pada tahun 2021 Perseroan memiliki tiga orang Komite              In 2021 the Company had three Audit Committees
Audit yang terdiri atas 1 (satu) orang ketua dan 2 (dua) orang    consisting of 1 (one) chairman and 2 (two) members. Each
anggota. Masing-masing kompetensi dan pengalaman di               has competence and experience in the fields of auditing,                      Aspek Independensi
                                                                                                                                                                                       I Gusti Putu Wisesa     Johandi Kumaheri             Nurhayati
bidang audit, akuntansi, keuangan dan tata kelola. Berikut        accounting, finance and governance. The following is                         Aspect of Independence
susunan anggota Komite Audit Perseroan Tahun 2021:                the composition of the members of the Company’s Audit           Tidak memiliki hubungan keuangan dengan
                                                                  Committee in 2021:                                              Dewan Komisaris dan Direksi
                                                                                                                                                                                                V                       V                        V
                                                                                                                                  Has no financial relation with the Board of
                                                                                                                                  Commissioners and Board of Directors
                  Nama                      Jabatan                  Jabatan di Perseroan           Periode Jabatan
                  Name                      Position                Position in the Company              Tenure                   Tidak memiliki hubungan kepengurusan di
                                                                                                                                  Perseroan, maupun Perseroan afiliasi
                                                                 Komisaris Independen                                                                                                           V                       V                        V
      I Gusti Putu Wisesa           Ketua | Chairman                                                   2020-2025                  Has no relation with the Company, nor affiliated
                                                                 Independent Commissioner                                         companies
                                                                 Komisaris Independen                                             Tidak memiliki hubungan kepemilikan saham
      Johandi Kumaheri              Anggota | Member                                                   2020-2025
                                                                 Independent Commissioner                                         Perseroan                                                     V                       V                        V
                                                                 Pihak Independen                                                 Has no ownership on the Company’s share
      Nurhayati                     Anggota | Member                                                   2021-2025
                                                                 Independent Party



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  Tata Kelola Perusahaan | Corporate Governance                                                                                                                                                                Tata Kelola Perusahaan | Corporate Governance




                Aspek Independensi                                                                                              Rapat Komite Audit                                                Audit Committee Meeting
                                                     I Gusti Putu Wisesa     Johandi Kumaheri              Nurhayati            Pada tahun 2021, sesuai kententuan yang berlaku, Komite           In 2021, in accordance with applicable regulations, the Audit
               Aspect of Independence
                                                                                                                                Audit sekurang-kurangnya melaksanakan rapat 3 (tiga) kali         Committee has held meetings 3 (three) times a year and
 Tidak memiliki hubungan keluarga dengan                                                                                        dalam setahun dan mengadakan rapat-rapat lain sesuai              held other meetings as needed. The agenda of the Audit
 Dewan Komisaris, Direksi dan/ atau sesama                                                                                      kebutuhan. Agenda rapat Komite Audit umumnya mengenai             Committee meetings is generally regarding the periodic
 anggota Komite Audit                                                                                                           pemantauan dan evaluasi kinerja Perseroan secara periodik         monitoring and evaluation of the Company’s performance
                                                              V                       V                        V
 Has no family relation with the Board of                                                                                       dalam bidang tugas Komite Audit terkait strategi bisnis untuk     in the field of Audit Committee’s duties related to business
 Commissioners, Directors and/or fellow members                                                                                 keberlangsungan Perseroan.                                        strategies for the sustainability of the Company.
 of the Audit Committee
 Tidak menjabat sebagai pengurus partai politik,                                                                                Sepanjang tahun 2021, Komite Audit menyelenggarakan               Throughout 2021, the Audit Committee held xx meetings
 pejabat pemerintah daerah                                                                                                      xx kali rapat dengan rincian kehadiran dan agenda sebagai         with details of attendance and agenda as follows:
                                                              V                       V                        V
 Does not serve as a political party administrator                                                                              berikut:
 nor local government official

                                                                                                                                                                                                                                                     %
                                                                                                                                               Nama                      Jabatan                  Jumlah Rapat        Jumlah Kehadirnan
Piagam (Charter) Komite Audit                                 Audit Committee Charter                                            No.                                                                                                            Kehadiran
                                                                                                                                               Name                      Position               Number of Meetings     Total Attendance
Dalam menjalankan tugas, fungsi, dan tanggung jawabnya,       In carrying out its duties, functions and responsibilities, the                                                                                                                   Attendance
Komite Audit Perseroan memiliki Piagam Komite Audit           Company’s Audit Committee has an Audit Committee Charter            1    I Gusti Putu Wisesa     Ketua
sebagai pedoman kerja bagi Komite Audit yang memuat:          as a work guideline for the Audit Committee which contains:                                                                               3                       3                  100%
                                                                                                                                                               Chairman
1. Maksud dan Tujuan                                          1. Purpose and objectives
                                                                                                                                  2    Johandi Kumaheri        Anggota
2. Peran dan Tanggungjawab                                    2. Roles and Responsibilities                                                                                                             3                       3                  100%
                                                                                                                                                               Member
3. Kewenangan                                                 3. Authority
4. Keanggotaan                                                4. Membership                                                       3    Nurhayati               Anggota
                                                                                                                                                                                                        3                       3                  100%
5. Rapat                                                      5. Meeting                                                                                       Member
6. Kuorum Rapat                                               6. Meeting Quorum

Tugas dan Tanggung Jawab Komite Audit                         Duties and Responsibilities of the Audit Committee
Sesuai dengan Piagam Komite Audit Perseroan, berikut tugas    In accordance with the Company’s Audit Committee Charter,
dan tanggung jawab Komite Audit:                              the following are the duties and responsibilities of the Audit    Pendidikan dan Pelatihan Komite Audit tahun 2021                  Audit Committee Education and Training in 2021
                                                              Committee:                                                        Sepanjang tahun 2021, Perseroan tidak melaksanakan                Throughout 2021, the Company did not hold education and
                                                                                                                                pendidikan dan pelatihan Komite Audit dikarenakan                 training for the Audit Committee because business operations
1. Melakukan penelaahan atas informasi Keuangan yang          1. Reviewing the Financial information issued by the Company      terganggunya kinerja operasional akibat dampak pandemic           were affected by the Covid-19 pandemic.
   dikeluarkan Perseroan termasuk laporan keuangan,              including financial statements, projections, and other         Covid-19.
   proyeksi, dan informasi keuangan lainnya.                     financial information.
2. Melakukan penelahaan atas ketaatan Perseroan terhadap      2. Reviewing the Company’s compliance with laws and               KOMITE NOMINASI DAN REMUNERASI                                    NOMINATION AND REMUNERATION COMMITTEE
   undang-undang dan peraturan yang berhubungan dengan           regulations relating to the Company’s activities.              Sejalan dengan upaya Perseroan melakukan transparansi             In line with the Company’s efforts to make the Nomination
   kegiatan Perseroan.                                                                                                          proses Nominasi dan Remunerasi, serta meningkatkan                and Remuneration process transparent, as well as to improve
3. Melakukan penelaahan atas pelaksanaan pemeriksaan          3. Reviewing the implementation of audit by internal and          kualitas, kompetensi, dan tanggung jawab Direksi dan Dewan        the quality, competence, and responsibilities of the Board of
   oleh auditor internal maupun auditor eksternal.               external auditors.                                             Komisaris, Perseroan membentuk Komite Nominasi dan                Directors and the Board of Commissioners, The Company
4. Menjaga kerahasiaan dokumen, data, dan informasi           4. Maintain the confidentiality of the Company’s documents,       Remunerasi. Pembentukan Komite Nominasi dan Remunerasi            established a Nomination and Remuneration Committee.
   Perseroan.                                                    data and information.                                          Perseroan mengacu pada POJK Nomor 34/POJK.04/2014                 The establishment of the Nomination and Remuneration
5. Melaksanakan tugas lainnya yang diberikan Dewan            5. Carry out other duties assigned by the Board of                tanggal 8 Desember 2014 tentang Komite Nominasi dan               Committee of the Company refers to POJK Number 34/
   Komisaris.                                                    Commissioners.                                                 Remunerasi Emiten atau Perseroan Publik.                          POJK.04/2014 dated December 8, 2014 concerning the
                                                                                                                                                                                                  Nomination and Remuneration Committee of Issuers or
Pelaksanaan Tugas Komite Audit Tahun 2021                     Implementation of the Duties of the Audit Committee in 2021                                                                         Public Companies.
Selama tahun 2021, Komite Audit Perseroan telah bertugas      Throughout 2021, the Company’s Audit Committee has
melakukan pemantauan dan evaluasi terhadap perencanaan        monitored and evaluated the planning and implementation           Komite Nominasi dan Remunerasi dibentuk dan bertanggung           The Nomination and Remuneration Committee was formed
dan pelaksanaan audit. Pemantauan dan evaluasi tersebut       of the audit. The monitoring and evaluation includes, the         jawab kepada Dewan Komisaris. Tujuannya adalah untuk              and reports to the Board of Commissioners. Its purpose
mencakup antara lain pelaksanaan tugas satuan kerja           implementation of the duties of the Internal Audit work           membantu Dewan Komisaris menjalankan fungsi pengawasan            is to assist the Board of Commissioners in carrying out
Audit Intern, tindak lanjut temuan audit internal dan audit   unit, follow-up to the findings of internal and external          dan pemberian nasihat mengenai penetapan kualifikasi              its supervisory duties and to provide advice regarding the
eksternal, melakukan penelaahan terhadap laporan keuangan,    audits, conduct reviews of the financial statements, provide      dan proses nominasi serta remunerasi, baik untuk Dewan            determination of qualifications and the nomination and
memberikan rekomendasi atas penunjukan Kantor Akuntan         recommendations on the appointment of a Public Accounting         Komisaris dan Direksi maupun bagi Perseroan secara umum.          remuneration process, both for the Board of Commissioners
Publik dan memastikan pekerjaannya sesuai dengan standar      Firm and ensure that the work complies with applicable                                                                              and the Board of Directors as well as for the Company in
yang berlaku. Selanjutnya, hasilnya disampaikan kepada        standards. Furthermore, the results are submitted to the                                                                            general.
Dewan Komisaris sebagai rekomendasi.                          Board of Commissioners as a recommendation.




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  Tata Kelola Perusahaan | Corporate Governance                                                                                                                                                             Tata Kelola Perusahaan | Corporate Governance




Dasar Hukum                                                      Legal basis                                                      Independensi Anggota Komite Nominasi dan Remunerasi         Independency of the Nomination and Remuneration
POJK Nomor 34/POJK.04/2014 tentang Komite Nominasi               POJK Number 34/POJK.04/2014 concerning Nomination and                                                                        Committee Members
dan Remunerasi Emiten atau Perseroan Publik                      Remuneration Committee for Issuers or Public Companies           Sesuai POJK Nomor 34/POJK.04/2014 tentang Komite            In accordance with POJK Number 34/POJK.04/2014
                                                                                                                                  Nominasi dan Remunerasi Emiten atau Perseroan Publik,       concerning the Nomination and Remuneration Committee for
Struktur dan Keanggotaan                                         Structure and Membership                                         Komite Nominasi dan Remunerasi Perseroan bersikap           Issuers or Public Companies, the Company’s Nomination and
Pada tahun 2021 Perseroan memiliki tiga orang Komite             In 2021 the Company has three Nomination and Remuneration        profesional dan independen dalam melaksanakan tugasnya.     Remuneration Committee is professional and independent
Nominasi dan Remunerasi yang terdiri atas 1 (satu) orang         Committees consisting of 1 (one) chairman and 2 (two)            Berikut pernyataan aspek independensi anggota Komite        in carrying out its duties. The following is a statement of the
ketua dan 2 (dua) orang anggota. Masing-masing kompetensi        members. Each has competence and experience in the fields        Nominasi dan Remunerasi Perseroan tahun 2021:               independency aspects of the members of the Company’s
dan pengalaman di bidang akuntansi, keuangan, tax,               of accounting, finance, tax, accounting and corporate finance,                                                               Nomination and Remuneration Committee in 2021:
accounting dan corporate Finance, audit dan tata kelola.         auditing and governance. The following is the composition of
Berikut susunan anggota Komite Nominasi dan Remunerasi           the members of the Company’s Nomination and Remuneration
Perseroan Tahun 2021:                                            Committee in 2021:                                                              Aspek Independensi
                                                                                                                                                                                       Johandi Kumaheri      M. M. Ratna Dewi            Tyty Chandra
                                                                                                                                                Aspect of Independence
                                                                                                                                   Tidak memiliki hubungan keuangan dengan
                 Nama                       Jabatan                Jabatan di Perseroan             Periode Jabatan                Dewan Komisaris dan Direksi
                 Name                       Position              Position in the Company                Tenure                                                                               V                       V                        V
                                                                                                                                   Has no financial relation with the Board of
                                                              Komisaris Independen                                                 Commissioners and Board of Directors
      I Gusti Putu Wisesa          Ketua | Chairman                                                    2020-2025
                                                              Independent Commissioner                                             Tidak memiliki hubungan kepengurusan di
                                                              Pihak Independen                                                     Perseroan, maupun Perseroan afiliasi
      M. Ratna Dewi                Anggota | Member                                                    2020-2025                                                                              V                       V                        V
                                                              Independent Party                                                    Has no relation with the Company, nor affiliated
                                                              Pihak Independen                                                     companies
      Tyty Chandra                 Anggota | Member                                                    2020-2025
                                                              Independent Party                                                    Tidak memiliki hubungan kepemilikan saham
                                                                                                                                   Perseroan                                                  V                       V                        V
                                                                                                                                   Has no ownership on the Company’s share
 Profil Komite Nominasi dan Remunerasi | Nomination and Remuneration Committee Profile                                             Tidak memiliki hubungan keluarga dengan
            Nama                                                      Profil Singkat                                               Dewan Komisaris, Direksi dan/ atau sesama
            Name                                                       Brief Profile                                               anggota Komite Audit
                                                                                                                                                                                              V                       V                        V
                                                                                                                                   Has no family relation with the Board of
                              Dapat dilihat di bagian profil Dewan Komisaris dalam Laporan Tahunan ini.
 I Gusti Putu Wisesa                                                                                                               Commissioners, Directors and/or fellow members
                              It can be seen in the profile section of the Board of Commissioners in this Annual Report.
                                                                                                                                   of the Audit Committee
 M. Ratna Dewi                Pendidikan: Akuntasi, Fakultas Ekonomi Universitas Trisakti 1993 dan; Magister
                                                                                                                                   Tidak menjabat sebagai pengurus partai politik,
                              Manajemen Keuangan Universitas Atma Jaya Jakarta;
                                                                                                                                   pejabat pemerintah daerah
 Kewarganegaraan:             Karir: Profesional bidang keuangan dan akuntansi dengan pengalaman lebih dari 30                                                                                V                       V                        V
                                                                                                                                   Does not serve as a political party administrator
 Indonesia                    tahun di bidang tersebut.
                                                                                                                                   nor local government official
 Tempat, tgl lahir: Kudus,
 20 September 1969            Education: Accounting, Faculty of Economics, Trisakti University 1993 and; Master in
                              Financial Management, Atma Jaya University, Jakarta;                                                Piagam Komite Nominasi dan Remunerasi                       Nomination and Remuneration Committee Charter
 Nationality: Indonesian      Career: Finance and accounting with more than 30 years of experience.
 Place, date of birth:                                                                                                            Dalam rangka mengatur mengenai uraian tugas dan tanggung    In order to regulate the description of duties and
 Kudus, September 20,                                                                                                             jawab, keanggotaan, prosedur kerja dan rapat mengenai       responsibilities, membership, work procedures and
 1969                                                                                                                             pelaksanaan kegiatan Komite Nominasi dan Remunerasi,        meetings regarding the implementation of the activities of
 Tyty Chandra                 Pendidikan: Manajemen Keuangan, Fakultas Ekonomi Universitas Tarumanegara, Jakarta,                 Perseroan saat ini telah memiliki Piagam Komite Nominasi    the Nomination and Remuneration Committee, the Company
                              1995.                                                                                               dan Remunerasi.                                             currently has a Nomination and Remuneration Committee
 Kewarganegaraan:             Karir: Berpengalaman dalam bidang Tax, Accounting dan Corporate Finance. Banyak                                                                                 Charter.
 Indonesia                    menangani transaksi di pasar modal, dan jasa konsultasi di berbagai industri antara
 Tempat, tgl lahir: Jambi,    lain; kelapa sawit, plastik, manufaktur, properti, perdagangan, multi level marketing, hak          Tugas dan Tanggung Jawab Komite Nominasi dan                Duties and Responsibilities of the Nomination and
 28 Februari 1972             kekayaan intelektual, serta industri hiburan.                                                       Remunerasi                                                  Remuneration Committee

 Nationality: Indonesian      Education: Financial Management, Faculty of Economics, Tarumanegara University,                     Tugas dan tanggung jawab Komite Nominasi dan Remunerasi,    The duties and responsibilities of the Nomination and
 Place, date of birth:        Jakarta, 1995.                                                                                      sesuai dengan Piagam Komite Nominasi dan Remunerasi         Remuneration Committee, in accordance with the Nomination
 Jambi, 28 Februari 1972      Career: Experienced in Tax, Accounting and Corporate Finance. Handle a lot of transactions          Perseroan, antara lain sebagai berikut:                     and Remuneration Committee Charter, are as follows:
                              in the capital market, and consulting services in various industries, among others; palm oil,
                              plastic, manufacturing, property, trading, multi-level marketing, intellectual property rights,     Di bidang Nominasi:                                         For Nomination:
                              and entertainment industries.                                                                       1. Melakukan penelaahan dan pemantauan untuk memastikan     1. Reviewing and monitoring to ensure that the Company has
                                                                                                                                     bahwa Perseroan telah memiliki strategi dan kebijakan       a nomination strategy and policy, including organizational
                                                                                                                                     nominasi, meliputi proses analisa organisasi, prosedur      analysis processes, procedure and criteria for recruitment,
                                                                                                                                     dan kriteria rekrutmen, seleksi dan promosi.                selection and promotion.


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  Tata Kelola Perusahaan | Corporate Governance                                                                                                                                                                    Tata Kelola Perusahaan | Corporate Governance




2. Menyampaikan rekomendasi kepada Dewan Komisaris                2. Submitting recommendations to the Board of                    Sepanjang tahun 2021, Komite Nominasi dan Remunerasi              Throughout 2021, the Nomination and Remuneration
   termasuk nama-nama calon Direksi Perseroan yang akan              Commissioners including the names of the candidates           telah menyelenggaraka 3 kali rapat dengan rincian kehadiran       Committee held 3 meetings with details of attendance and
   diusulkan kepada RUPS, apabila diperlukan.                        for the Board of Directors of the Company who will be         dan agenda sebagai berikut:                                       agenda as follows:
                                                                     proposed to the GMS, if necessary.

3. Mempelajari peraturan, undang-undang dan ketentuan             3. Study the regulations, laws and provisions applicable in                                                                                                                             %
                                                                                                                                                  Nama                      Jabatan                  Jumlah Rapat         Jumlah Kehadirnan
   yang berlaku dalam kebijakan Nominasi                             the nomination policy.                                         No.                                                                                                              Kehadiran
                                                                                                                                                  Name                      Position               Number of Meetings      Total Attendance
                                                                                                                                                                                                                                                     Attendance
Bidang Remunerasi:                                                For Remuneration:                                                  1    I Gusti Putu Wisesa     Ketua
1. Mempelajari peraturan, undang-undang dan ketentuan             1. Study the regulations, laws and provisions applicable in                                                                               3                        3                  100%
                                                                                                                                                                  Chairman
   yang berlaku dalam kebijakan remunerasi.                          the remuneration policy.
                                                                                                                                     2    M. Ratna Dewi           Anggota
2. Memastikan bahwa Perseroan sistem remunerasi yang              2. Ensure that the Company has a transparent remuneration                                                                                 3                        3                  100%
                                                                                                                                                                  Member
   transparan sesuai dengan Piagam Komite Nominasi                   system in accordance with the Company’s Nomination
   dan Remunerasi Perseroan yang meliputi antara lain:               and Remuneration Committee Charter which includes,              3    Tyty Chandra            Anggota
                                                                                                                                                                                                            3                        3                  100%
   honorarium, tunjangan, dan/atau fasilitas lainnya.                among others: honorarium, allowances, and/or other                                           Member
                                                                     facilities.
3. Memberikan rekomendasi kepada Dewan Komisaris dalam            3. Providing recommendations to the Board of Commissioners       Kebijakan Suksesi Direksi                                         Board of Directors Succession Policy
   perumusan dan penentuan kebijakan remunerasi berupa               to formulate and determine the remuneration policies in       Perseroan memiliki kebijakan suksesi Direksi sesuai dengan        The Company has a Board of Directors succession policy in
   gaji atau honorarium, tunjangan dan fasilitas yang bersifat       the form of salaries or honoraria, fixed allowances and       ketentuan yang ditetapkan oleh Pemegang Saham dalam               accordance with the provisions set by the Shareholders in the
   tetap, maupun insentif dan bonus yang bersifat variatif           facilities, as well as incentives and various bonuses to      RUPS. Komite Nominasi dan Remunerasi memegang                     GMS. The Nomination and Remuneration Committee holds
   kepada Dewan Komisaris dan Direksi. Jika diperlukan               the Board of Commissioners and the Board of Directors.        tanggung jawab penuh perihal suksesi Direksi dan bekerja          full responsibility for the succession of the Board of Directors
   akan diusulkan kepada RUPS.                                       If necessary, it will be proposed to the GMS.                 sama dengan Tim Sumber Daya Manusia untuk melakukan               and works closely with the Human Resources Team to assess
4. Melakukan evaluasi mengenai sistem remunerasi pegawai,         4. Evaluating the employee remuneration system, both             penilaian terhadap kapabilitas kepemimpinan kandidat              the leadership capabilities of the Company’s leadership
   baik untuk gaji, pemberian tunjangan, dan fasilitas lainnya,      for salaries, allowances, and other facilities, as well as    pemimpian Perseroan dan melaporkannya kepada Dewan                candidates and report to the Board of Commissioners for
   serta menyampaikan rekomendasi yang transparan                    submitting transparent recommendations regarding the          Komisaris sebagai bahan pertimbangan.                             consideration.
   tentang penilaian terhadap sistem imbalan karyawan,               assessment of the employee reward system, provision of
   pemberian tunjangan dan fasilitas lainnya, sistem dan             benefits and other facilities, system and pension benefits,   Rekomendasi Komite Remunerasi dan Nominasi Tahun 2021             Remuneration and Nomination Committee Recommendation
   tunjangan pensiun, sistem dan tunjangan lainnya dalam             and other benefits in terms of employee reduction.                                                                              for 2021
   hal pengurangan karyawan.                                                                                                       Komite Remunerasi dan Nominasi sepanjang tahun 2021               The Remuneration and Nomination Committee throughout
                                                                                                                                   mengusulkan dan memberikan rekomendasi sebagai berikut:           2021 proposes and provides recommendations as follows:
Laporan Pelaksanaan Tugas Komite Nominasi dan                     Report on the Implementation of the Duties of the Nomination
Remunerasi                                                        and Remuneration Committee                                       SATUAN KERJA DAN KOMITE DI BAWAH DIREKSI                          WORK UNITS AND COMMITTEES UNDER THE BOARD OF
Pada tahun 2021, Komite Nominasi dan Remunerasi                   In 2021, the Company’s Nomination and Remuneration                                                                                 DIRECTORS
Perseroan telah melaksanakan tugas dan tanggung jawabnya          Committee has carried out its duties and responsibilities
dengan baik. Kegiatan tersebut meliputi kajian, penelaahan        properly. The duties include reviewing and monitoring            KOMITE KEBERLANJUTAN USAHA                                        COMITTEE ON BUSINESS SUSTAINABILITY
serta pemantauan terkait strategi dan kebijakan nominasi          regarding nomination strategies and policies which include       Perseroan memiliki Komite Keberlanjutan Usaha yang                The Company has a Business Sustainability Committee that
yang meliputi proses analisa organisasi, prosedur dan kriteria    organizational analysis processes, procedures and criteria       bertanggung jawab kepada Direksi. Pembentukan komite              is responsible to the Board of Directors. The establishment
rekrutmen, seleksi dan promosi karyawan.                          for recruitment, selection and employees’ promotion.             ini sebagai wujud pengelolaan bisnis berorientasi standar         of this committee is a form of global standard-oriented
                                                                                                                                   global melalui implementasi ISO 27000 dan pembangunan             business management through the implementation of ISO
Pada bidang remunerasi dengan melakukan kegiatan evaluasi         Meanwhile the duties in remuneration include conducting          berkelanjutan.                                                    27000 and sustainable development.
dan kajian terhadap kinerja Direksi dan perkembangan usaha        evaluation and reviewing activities on the performance
Perseroan. Kegiatan evaluasi dan kajian terhadap kinerja          of the Board of Directors and the development of the             Komposisi dan Profil Komite Keberlanjutan Usaha                   Composition and Profile of the Business Sustainability
Direksi dan perkembangan usaha Perseroan merupakan dasar          Company’s business. Evaluating and reviewing activities on       Komite Keberlanjutan Usaha Perseroan per 31 Desember              CommitteeThe Company’s Business Sustainability Committee
pertimbangan pemberian rekomendasi Komite Nominasi                the performance of the Board of Directors and the Company’s      2021 terdiri dari 1 (satu) orang ketua dan 1 (satu) orang         as of December 31, 2021 consists of 1 (one) chairman
dan Remunerasi kepada Dewan Komisaris untuk menyetujui            business development are the basis for considering the           anggota. Komposisi Komite Keberlanjutan usaha memiliki            and 2 (two) members. The composition of the Business
besaran remunerasi/bonus Direksi.                                 recommendation of the Nomination Committee and                   keahlian, pendidikan, pengalaman kerja dan independensi           Sustainability Committee has the expertise, education, work
                                                                  Remuneration to the Board of Commissioners to approve            serta keberagaman yang dibutuhkan oleh Perseroan. Komite          experience and independence and diversity required by the
                                                                  the amount of remuneration/bonus for the Board of Directors.     Keberlanjutan Usaha diketuai oleh Tyty Chandra yang profilnya     Company.The Business Sustainability Committee is chaired
                                                                                                                                   dapat dilihat di bagin Komite Nominasi dan Remunerasi             by Tyty Chandra whose profile can be seen in the Nomination
Rapat Komite Nominasi dan Remunerasi                              The Nomination and Remuneration Committee Meetings               pada Laporan Tahunan ini. Sementara Benita Sofia menjabat         and Remuneration Committee section of this Annual Report.
Pada tahun 2021, sesuai kententuan, Komite Nominasi               In 2021, in accordance with the provisions, the Nomination       sebagai Anggota Komite Keberlanjutan Usaha.                       While Benita Sofia serves as a Member of the Business
dan Remunerasi telah melaksanakan rapat berkala setiap            and Remuneration Committee has held regular meetings                                                                               Sustainability Committee.
4 (empat) bulan sekali dan mengadakan rapat-rapat lain            every 4 (four) months and held other meetings as needed.
sesuai kebutuhan. Agenda rapat Komite Nominasi dan                The agenda for the Nomination and Remuneration Committee         Tugas, Tanggung Jawab, dan Wewenang Komite                        Duties, Responsibilities, and Authorities Business
Remunerasi umumnya mengenai pemantauan dan evaluasi               meetings is generally about monitoring and evaluating the        Keberlanjutan Usaha                                               Sustainability Committee
kinerja Perseroan secara berkala pada bidang Nominasi dan         Company’s performance on a regular basis.                        Tugas dan tanggung jawab Komite Keberlanjutan Usaha,              The duties and responsibilities of the Business Sustainability
bidang Remunerasi pada Perseroan.                                                                                                  sesuai dengan Piagam Komite Keberlanjutan Usaha, antara           Committee, in accordance with the Business Sustainability
                                                                                                                                   lain sebagai berikut:                                             Committee Charter, are as follows:


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  Tata Kelola Perusahaan | Corporate Governance                                                                                                                                                                   Tata Kelola Perusahaan | Corporate Governance




1. Dalam konteks persyaratan bagi Perseroan untuk                  1. In the context of the requirement for the Company to                  • Peninjauan dan persetujuan untuk pengajuan                   • Review and approval for submission of reports to
   menjalankan bisnis secara bertanggung jawab (termasuk              conduct business responsibly (including in relation to                  laporan kepada Direksi untuk disertakan dalam                  the Board of Directors for inclusion in the Annual
   dalam kaitannya dengan masalah lingkungan, sosial,                 environmental, social and governance (ESG) issues as                    Laporan Tahunan.                                               Report.
   dan tata kelola (Environmental, Social and Governance/             well as to manage non-financial risks, the Sustainability             • Peninjauan dan kajian setiap entitas dalam Grup              • Review and assessment of each entity within the
   ESG) serta untuk mengelola risiko non-keuangan, Komite             Committee is tasked with reviewing the strategies,                      terkait kesehatan dan keselamatan setiap tahunnya.             Group in relation to health and safety on an annual
   Keberlanjutan bertugas untuk meninjau strategi, kebijakan,         policies, management, initiatives, targets and performance                                                                             basis.
   pengelolaan, inisiatif, target dan kinerja Perseroan, entitas      of the Company, its subsidiaries, projects and the Group              • Kepatuhan terhadap kebijakan dan prosedur.                   • Compliance with policies and procedures.
   anak, proyek dan Grup secara keseluruhan, dalam aspek-             as a whole, in the following aspects:                                 • Perbandingan antara rencana dan pencapaian                   • Comparison between plans and achievement of
   aspek berikut ini:                                                                                                                         kinerja tahun lalu.                                            last year’s performance.
   a. Kesehatan dan keselamatan, termasuk keamanan                    a. Health and safety, including security of assets and                • Rencana untuk tahun yang akan datang dan laporan             • Plans for the coming year and report and review to
       aset dan karyawan, sekaligus memberikan kesadaran                 employees, while providing awareness that health and                 serta review kepada Direksi.                                   the Board of Directors.
       bahwa kesehatan dan keselamatan tetap menjadi                     safety remains the responsibility of the management
       tanggung jawab manajemen masing-masing entitas                    of each subsidiary/project in accordance with               Dalam melaksanakan tugas dan tanggung jawabnya, Komite        In carrying out its duties and responsibilities, the Sustainability
       anak/proyek sesuai dengan kepatuhan terhadap                      compliance with applicable laws and regulations.            Keberlanjutan memiliki kewenangan sebagai                     Committee has the following authorities:
       peraturan dan perundang-undangan yang berlaku.                                                                                berikut:
   b. Lingkungan, termasuk: emisi udara, air dan tanah;               b. Environment, including: air, water and land emissions;      1. Mencari informasi apa pun yang diperlukan dari setiap      1. Seek any information required from any employee.
       manajemen energi; perubahan iklim; produktivitas                   energy management; climate change; waste and                   karyawan.
       limbah dan sumber daya; dan kepatuhan terhadap                     resource productivity; and compliance with                 2. Memperoleh pendampingan hukum independen atau              2. Obtain independent legal counsel or other professional
       peraturan lingkungan hidup.                                        environmental regulations.                                     konsultan profesional lainnya tentang masalah apa pun        consultants on any matter covered by the terms of
   c. Kebijakan tempat kerja, termasuk persamaan                      c. Workplace policies, including equality of treatment             yang tercakup dalam kerangka acuan, dengan biaya dari        reference, at the Company’s expense after approval by
       perlakuan dan hak asasi manusia.                                   and human rights.                                              Perseroan setelah melalui persetujuan Direksi.               the Board of Directors.
   d. Mengelompokkan kebijakan Perusahaan yang                        d. Group Company policies relating to responsible and          3. Memanggil karyawan untuk menghadiri pertemuan Komite       3. Summon employees to attend Committee meetings when
       berkaitan dengan praktik bisnis yang bertanggung                   ethical business practices.                                    ketika diperlukan.                                           necessary.
       jawab dan berlandaskan etika.
   e. Keterlibatan dalam masyarakat, termasuk kebijakan               e. Community engagement, including community                   Pelaksanaan Tugas Komite Keberlanjutan Usaha Tahun 2021       Implementation of the Business Sustainability Committee’s
       keterlibatan masyarakat dan keseluruhan strategi                   engagement policies and overall strategy for CSR                                                                         Duties in 2021
       untuk program CSR termasuk sumbangan Perseroan.                    programs including Company donations.                      Komite Keberlanjutan Usaha telah melaksanakan tugasnya        The Business Sustainability Committee has carried out
2. Komite juga bertugas meninjau kembali Tindakan yang             2. The Committee is also tasked with reviewing the actions        selama tahun 2021 untuk membantu Direksi mengelola bisnis     its duties during 2021 to assist the Board of Directors in
   diambil oleh Perseroan dan setiap entitas anak/proyek              taken by the Company and each subsidiary/project to            secara bertanggung jawab. Komite ini memberikan sejumlah      managing the business responsibly. The committee provided
   untuk menentukan kesesuaian kebijakan dan praktik kerja,           determine the appropriateness of the employment, health        rekomendasi dan input terkait kebijakan dan program untuk     a number of recommendations and inputs related to policies
   kesehatan dan keselamatan dan lingkungan masing-                   and safety and environmental policies and practices of         mendukung keberlanjutan usaha melalui kegiatan CSR,           and programs to support business sustainability through
   masing pemasok dan kontraktor utama.                               each supplier and main contractor.                             pengelolaan SDM, serta kajian keuangan dan operasional.       CSR activities, HR management, as well as financial and
3. Sehubungan dengan hal-hal yang dibahas dalam poin-poin          3. In relation to the matters discussed in the above points,                                                                    operational reviews.
   di atas, Komite akan menerima dan mempertimbangkan                 the Committee will receive and consider the following:
   hal berikut:                                                                                                                      Rapat Komite Keberlanjutan Usaha                              Business Sustainability Committee Meetings
   a. Sebelum setiap tahun finansial:                                 a. Before each financial year:                                 Komite Keberlanjutan Usaha mengadakan rapat sesuai            The Business Sustainability Committee holds meetings
       • Meninjau semua kebijakan non-keuangan Grup.                     • Review all non-financial policies of the Group.           dengan kebutuhan Perseroan. Pada tahun 2021, Komite           according to the needs of the Company. In 2021, the Business
       • Mendukung target keberlanjutan untuk tahun yang                 • Support sustainability targets for the coming year.       Keberlanjutan Usaha telah melaksanakan sejumlah rapat         Sustainability Committee held a number of meetings with
         akan datang.                                                                                                                bersama dengan Direksi untuk membahas keberlanjutan           the Board of Directors to discuss business sustainability in
   b. Kajian 6 (enam) bulanan:                                        b. 6 (six) monthly reviews:                                    usaha di setiap unit bisnis Perseroan.                        each of the Company’s business units.
       • Kemajuan terhadap isu keberlanjutan.                            • Progress against sustainability issues.
       • Kinerja kesehatan dan keselamatan kerja.                        • Occupational health and safety performance.               SEKRETARIS PERSEROAN                                          CORPORATE SECRETARY
   c. Setiap tahun meninjau kepatuhan dengan kebijakan                c. Annually review compliance with the following policies:     Untuk memastikan kelancaran komunikasi antara Perseroan       To ensure smooth communication between the Public
       berikut:                                                                                                                      Publik dengan pemangku Kepentingan, serta memastikan          Company and its stakeholders, as well as to ensure that
       • Kebijakan Etika Grup termasuk hal-hal yang                       • Group Ethics Policy including matters relating to        bahwa Emiten atau Perseroan Publik senantiasa patuh           the Issuer or Public Company always complies with the
         berkaitan dengan kebijakan whistleblowing system.                  whistleblowing system policy.                            terhadap peraturan perundang-undangan yang berlaku,           applicable laws and regulations, the Company currently has
       • Kebijakan sekuritisasi Grup sehubungan dengan                    • Group securitization policy with respect to protection   Perseroan saat ini telah memiliki Sekretaris Perseroan.       a Corporate Secretary.
         perlindungan aset (termasuk lokasi dan fungsi                      of assets (including strategic locations and
         strategis) dan karyawan.                                           functions) and employees.                                Posisi Sekretaris Perseroan Perseroan saat ini dijabat        The position of the Company’s Corporate Secretary is currently
       • Kebijakan Grup tentang kegiatan keterlibatan                     • Group policy on community engagement activities.         oleh Benita Sofia. Keberadaan Sekretaris Perseroan pada       held by Benita Sofia. The existence of the Corporate Secretary
         masyarakat.                                                                                                                 Perseroan sudah sesuai dengan Peraturan Otoritas Jasa         in the Company is in accordance with the Financial Services
       • Kinerja di tempat kerja, termasuk kesetaraan                    • Workplace performance, including equality of              Keuangan No. 35/POJK.04/2014 tentang Sekretaris Perseroan     Authority Regulation No.35/POJK.04/2014 concerning
         perlakuan dan hak asasi manusia.                                  treatment and human rights.                               Emiten atau Perseroan Publik. Sekretaris Perseroan dibentuk   Corporate Secretary of Issuer or Public Company. The
   d. Secara tahunan:                                                 d. On an annual basis:                                         dan bertanggung jawab langsung kepada Direksi.                Corporate Secretary is formed and reports directly to the
       • Peninjauan dan persetujuan untuk pengajuan                      • Review and approval for submission of a statement                                                                       Board of Directors.
         pernyataan kepada Direksi untuk disertakan dalam                  to the Board of Directors for inclusion in the Annual
         Laporan Tahunan mengenai kegiatan Komite.                         Report on the Committee’s activities.




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  Tata Kelola Perusahaan | Corporate Governance                                                                                                                                                                 Tata Kelola Perusahaan | Corporate Governance




Dasar Hukum Sekretaris Perseroan                               Legal Basis of Corporate Secretary                               Laporan Kegiatan Sekretaris Perseroan Tahun 2021:                 Corporate Secretary Activity Report for 2021:
Dasar hukum pengangkatan Sekretaris Perseroan pada             The legal basis for the appointment of the Corporate Secretary   Berikut Laporan Kegiatan Sekretaris Perseroan Tahun 2021:         The following is the Corporate Secretary Activity Report
Perseroan adalah melalui Surat Keputusan Direksi No.001/5K-    to the Company is through the Decree of the Board of                                                                               for 2021:
DIR/HR/III/2015 tanggal 26 Maret 2015. Berdasakan Surat        Directors No.001/5K-DIR/HR/III/2015 dated March 26, 2015.        Selama tahun 2021, Sekretaris Perseroan telah melaksanakan        Throughout 2021, the Corporate Secretary has carried out
Keputusan tersebut, Benita Sofia diangkat sebagai Sekretaris   Based on the Decree, Benita Sofia was appointed as Corporate     kegiatan sebagai berikut:                                         the following activities:
Perseroan sejak 2015 sampai sekarang.                          Secretary since 2015 until now.                                  1. Mengelola komunikasi dengan: OJK, Self Regulatory              1. Manage the communication with: OJK, Self-Regulatory
                                                                                                                                   Organization (BEI, Kustodian Sentral Efek Indonesia                Organization (IDX, Kustodian Sentral Efek Indonesia
                                                                                                                                   (KSEI), Kliring Penjaminan Efek Indonesia (KPEI), Biro             (KSEI), Kliring Penjaminan Efek Indonesia (KPEI), Biro
 Profil Sekretaris Perseroan per 31 Desember 2021 | Profile of the Corporate Secretary as of December 31, 2021                     Administrasi Efek (BAE) dan institusi lainnya yang terkait);       Administrasi Efek (BAE) and other related institutions);
 Nama                                                                                                                           2. Mengatur penyusunan dan penyerahan laporan berkala             2. Regulate the preparation and submission of periodic
                              Benita Sofia
 Name                                                                                                                              mengenai Laporan Kinerja Bulanan dan Laporan Keuangan              reports regarding the Monthly Performance Reports
 Tempat Tanggal Lahir         Jakarta 21 Juni 1958                                                                                 Triwulan, Laporan Keuangan Tengah Semester dan                     and Quarterly Financial Reports, Mid-Semester Financial
 Place, Date of Birth         Jakarta June 21, 1958                                                                                Laporan Keuangan Tahunan Audit kepada regulator dan                Reports and Annual Audited Financial Reports to
                                                                                                                                   pihak berkepentingan.                                              regulators and interested parties.
 Dasar Pengangkatan           Surat Keputusan Direksi No.001/5K-DIR/HR/III/2015 tanggal 26 Maret 2015                           3. Mengatur semua rapat yang dilakukan untuk Direksi dan          3. Manage all meetings for the Board of Directors and the
 Basis of Appointment         Board of Directors Decree No.001/5K-DIR/HR/III/2015 dated March 26, 2015                             Dewan Komisaris;                                                   Board of Commissioners;
 Periode Jabatan              2015 — sekarang                                                                                   4. Melaksanakan program orientasi Perseroan bagi Direksi          4. Implementing the Company’s orientation program for the
 Tenure                       2015 — Present                                                                                       dan/atau Dewan Komisaris                                           Board of Directors and/or Board of Commissioners
                                                                                                                                5. Mengatur aktivitas tanggung jawab sosial Perseroan;            5. Organizing the Company’s social responsibility activities;
 Pendidikan                   Fakultas Ekonomi, Universitas Indonesia, Jakarta (1983), dan meraih Sertifikat
                                                                                                                                6. Mengelola keterbukaan informasi kepada masyarakat,             6. Manage the disclosure of information to the public,
 Education                    Pendidikan Profesi Pasar Modal Indonesia sebagai Penjamin Emisi Efek, Pedagang
                                                                                                                                   termasuk ketersediaan informasi pada Situs Web.                    including the availability of information on the Website.
                              Perantara Efek dan Manajer Investasi.
                              Faculty of Economics, University of Indonesia, Jakarta (1983), and obtained a Certificate
                                                                                                                                AUDIT INTERNAL                                                    INTERNAL AUDIT
                              of Indonesian Capital Market Professional Education as an Underwriter, Broker Dealer and
                                                                                                                                Pelaksanaan kegiatan audit internal pada Perseroan                The implementation of internal audit activities in the Company
                              Investment Manager.
                                                                                                                                dilakukan oleh Unit Audit Internal. Unit Audit Internal           is conducted by the Internal Audit Unit. The Internal Audit
 Karir                        Sekretaris Perseroan di PT Inovisi Infracom Tbk (2008-2013) dan PT Tempo Scan Pacific             bertugas membantu Direktur Utama untuk memberikan                 Unit’s task is to assist the President Director to provide
 Career                       Tbk (1993-1996); Direktur PT Sinarmas Sekuritas (2001-2003); Direktur PT Rashal                   keyakinan dan konsultasi secara independen dan objektif           independent and objective assurance and consultation
                              Consulting (2003- 2008), dan Asisten Manajer PT Aseam Indonesia (1984-1990).                      mengenai penilaian efektivitas sistem pengendalian internal,      regarding the assessment of the effectiveness of the internal
                              Corporate Secretary at PT Inovisi Infracom Tbk (2008-2013) and PT Tempo Scan Pacific              pengelolaan risiko, dan proses tata kelola Perseroan serta        control system, risk management, and corporate governance
                              Tbk (1993-1996); Director at PT Sinarmas Sekuritas (2001-2003); Director at PT Rashal             memberikan saran perbaikan. Tujuannya untuk meningkatkan          processes and provide suggestions for improvement. The goal
                              Consulting (2003- 2008), and Assistant Manager at PT Aseam Indonesia (1984-1990).                 nilai dan memperbaiki operasional Perseroan, melalui              is to increase value and improve the Company’s operations,
                                                                                                                                pendekatan yang sistematis.                                       through a systematic approach.

Tugas Dan Tanggung Jawab Sekretaris Perseroan                  Duties and Responsibilities of the Corporate Secretary           Unit Audit Internal yang dipimpin oleh Kepala Unit Audit          The Internal Audit Unit is led by the Head of the Internal
1. Berperan sebagai penghubung antara Perseroan dengan         1. Act as a liaison between the Company and the                  Internal yang diangkat dan bertanggung jawab langsung             Audit Unit who is appointed and reports directly to the
   Pemegang Saham, Otoritas Jasa Keuangan dan Pemangku            Shareholders, the Financial Services Authority and other      kepada Direktur Utama atas persetujuan Dewan Komisaris            President Director with the approval of the Company’s Board
   Kepentingan lainnya;                                           Stakeholders;                                                 Perseroan.                                                        of Commissioners.
2. Membantu dan mendukung Direksi dan Dewan Komisaris          2. Assist and support the Board of Directors and the Board of
   dalam pelaksanaan Tata Kelola Perseroan yang meliputi:         Commissioners in the implementation of Good Corporate
                                                                  Governance which includes:
   • Keterbukaan informasi kepada masyarakat, termasuk            • Information disclosure to the public, including the
     ketersediaan informasi pada Situs Web.                         availability information on the Website.
   • Menyampaikan saran tentang isu-isu yang berkaitan            • Provide advice on issues related to compliance with
     dengan kepatuhan terhadap undang-undang, ketentuan,            laws, regulations, and procedures as well as regulations
     dan prosedur serta peraturan yang berdampak bagi               that have an impact to the Board of Directors
     Direksi
   • Penyampaian laporan kepada Otoritas Jasa Keuangan            • Submission of reports to the Financial Services Authority
   • Penyelenggaraan dan dokumentasi RUPS                         • Organizing and documenting the GMS
   • Penyelenggaraan dan dokumentasi rapat Direksi dan/           • Organizing and documenting meetings of the Board of
     atau Dewan Komisaris                                           Directors and/or Board of Commissioners
   • Pelaksanaan program orientasi Perseroan bagi Direksi         • Implementation of the Company’s orientation
     dan/atau Dewan Komisaris                                       program for the Board of Directors and/or the Board
                                                                    of Commissioners
3. Mengikuti perkembangan Pasar Modal khususnya                3. Following the development of the Capital Market,
   peraturan perundang-undangan yang berlaku di Pasar             especially the prevailing laws and regulations in the
   Modal.                                                         Capital Market.




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 Profil Kepala Unit Audit Internal | Profile of Head of Internal Audit Unit                                                        f. Wajib mematuhi standar profesional yang diterbitkan           f. Must comply with professional standards issued by the
                                                                                                                                      oleh Asosiasi Audit Intemal.                                     Internal Audit Association.
 Nama                                                                                                                              g. Wajib memenuhi kode etik Audit Intemal.                       g. Comply with the Internal Audit code of ethics.
                               Tyty Chandra
 Name                                                                                                                              h. Wajib menjaga kerahasian informasi dan atau data-data         h. Obliged to maintain the confidentiality of information and
 Tempat Tanggal Lahir          Jambi, 28 Februari 1972                                                                                terkait dengan kinerja Perseroan dalam melakukan tugas           or data related to the Company’s performance in carrying
 Place, Date of Birth          Jambi, February 28, 1972                                                                               dan tanggung jawab kecuali diwajibkan oleh hukum atau            out its duties and responsibilities unless required by law
 Dasar Pengangkatan            Diangkat oleh Direktur Utama melalui persetujuan Dewan Komisaris Perseroan                             diminta oleh keputusan pengadilan                                or requested by a court decision
 Basis of Appointment          berdasarkan Surat Keputusan Direksi No. 001/SK-DIR/Legal-Corsec/II/2020                             i. Memiliki pemahaman mengenai prinsip-prinsip tata kelola       i. Has an understanding of the principles of good corporate
                               Appointed by the President Director with the approval of the Company’s Board of                        Perseroan yang baik                                              governance
                               Commissioners based on the Decree of the Board of Directors No. 001/SK-DIR/Legal-                   j. Bersedia secara terus-menerus meningkatkan kemahiran          j. Willing to continuously improve the proficiency and
                               Corsec/II/2020                                                                                         dan efektivitas dan kualitas dari pekerjaannya.                  effectiveness and quality of his/her work.

 Periode Jabatan               2019 — sekarang                                                                                     Rincian Tugas dan Tanggung jawab Unit Audit Internal:            Details of Internal Audit Unit Duties and Responsibilities:
 Tenure                        2019 — Present                                                                                      1. Mendukung Direksi dalam pengimplementasian GCG                1. Support the Board of Directors in implementing GCG
 Pendidikan                    Manajemen Keuangan, Fakultas Ekonomi Universitas Tarumanegara, Jakarta, 1995.                          melalui pemeriksaan/audit, penilaian, evaluasi, saran            through inspection/audit, assessment, evaluation,
 Education                     Financial Management, Faculty of Economics, Tarumanegara University, Jakarta, 1995.                    untuk perbaikan, dan konsultasi dengan departemen-               suggestions for improvement, and consultation with
 Karir                         Berpengalaman dalam bidang Tax, Accounting dan Corporate Finance. Banyak                               departemen terkait;                                              relevant departments;
 Career                        menangani transaksi di pasar modal, dan jasa konsultasi di berbagai industri antara                 2. Menganalisa, mengevaluasi, dan melakukan audit terhadap       2. Analyze, evaluate, and audit the effectiveness of the
                               lain; kelapa sawit, plastik, manufaktur, properti, perdagangan, multi level marketing, hak             efektivitas sistem pengendalian internal atas proses bisnis      internal control system toward business processes and
                               kekayaan intelektual, serta industri hiburan.                                                          dan memberikan saran yang efektif untuk perbaikan.               provide effective suggestions for improvement.
                               Experienced in Tax, Accounting and Corporate Finance. Handle a lot of transactions in the           3. Mempersiapkan dan melaksanakan rencana kerja audit            3. Prepare and implement an annual audit work plan in
                               capital market, and consulting services in various industries, among others; palm oil, plastic,        tahunan sesuai dengan rencana Perseroan termasuk                 accordance with the Company’s plan including special
                               manufacturing, property, trading, multi-level marketing, intellectual property rights, and             penugasan/investigasi khusus oleh Direksi.                       assignments/investigations by the Board of Directors.
                               entertainment industries.                                                                           4. Menguji dan mengevaluasi laporan berkala yang                 4. Examine and evaluate periodic reports prepared by all
                                                                                                                                      dipersiapkan oleh semua departemen dan memastikan                departments and ensure that the reports are presented
                                                                                                                                      bahwa laporan yang disajikan sesuai dengan hukum dan             in accordance with applicable laws and regulations.
                                                                                                                                      peraturan yang berlaku.
Struktur dan Kedudukan Unit Audit Internal                        Structure and Position of Internal Audit Unit                    5. Mengawasi dan memeriksa administrasi, keuangan,               5. Supervise and inspect administration, finance, operations,
Kedudukan Unit Internal Audit dalam struktur organisasi           The position of the Internal Audit Unit in the Company’s            operasi, pemasaran, sumber daya manusia dan fungsi-              marketing, human resources and other related functions.
Perseroan adalah berada di bawah dan secara langsung              organizational structure is under and directly responsible          fungsi terkait lainnya.
bertanggung jawab kepada Direktur Utama. Dalam                    to the President Director. In carrying out its duties, the       6. Memberikan informasi yang obyektif tentang hasil temuan       6. Provide objective information on the findings of the Internal
pelaksanaan tugasnya, Unit Internal Audit juga dapat              Internal Audit Unit can also communicate with the Board             Audit Internal dan menyampaikan hasil temuan audit               Audit and submit the audit findings to the President
berkomunikasi dengan Dewan Komisaris melalui perantara            of Commissioners through the intermediary of the Audit              kepada Direktur Utama dan Dewan Komisaris;                       Director and the Board of Commissioners;
Komite Audit untuk kepentingan informasi yang terkait             Committee for the benefit of information related to Internal     7. Melakukan tindaklanjut dalam bentuk pemantauan atas           7. Carry out follow-up actions in the form of monitoring
aktivitas Audit Internal.                                         Audit activities.                                                   pelaksanaan perbaikan yang telah disarankan dari hasil           the implementation of improvements that have been
                                                                                                                                      temuan Audit Internal dari Unit Kerja dalam Perseroan;           suggested from the findings of the Internal Audit from
Piagam Audit Internal                                             Internal Audit Charter                                                                                                               the Work Units within the Company;
Sesuai dengan Peraturan OJK No 56/POJK.04/2014,                   In accordance with OJK Regulation No.56/POJK.04/2014, the        8. Melakukan koordinasi dan bekerjasama dengan Komite            8. Coordinate and cooperate with the Company’s Audit
Perseroan saat ini telah memiliki Piagam Unit Audit Internal      Company has an Internal Audit Unit Charter as a guideline for       Audit Perseroan;                                                 Committee;
sebagai pedoman pelaksanaan tugas, fungsi, dan wewenang           the implementation of the duties, functions, and authorities
Unit Audit Internal.                                              of the Internal Audit Unit.                                      Kegiatan Unit Audit Internal Tahun 2021                          Internal Audit Unit Activities for 2021
                                                                                                                                   Selama tahun 2021, Unit Audit Internal telah melaksanakan        Throughout 2021, the Internal Audit Unit has carried out
Kriteria dan Kualifikasi Tim Unit Audit Internal:                 Internal Audit Unit Team Criteria and Qualifications:            kegiatan audit internal mengenai kegiatan usaha Perseroan,       internal audit activities on the Company’s business activities,
a. Ketua Internal Audit memiliki tingkat pendidikan minimal       a. The Head of Internal Audit must have at least a Bachelor      termasuk unit bisnis dan entitas anak. Hasil audit internal      including business units and subsidiaries. The result of
   Strata 1 (S1) dari jurusan ekonomi atau teknik, dan               Degree majoring in economics or engineering, and has          tahun 2021 mengenai temuan signifikan (termasuk isu dan          internal audit results for 2021 regarding significant findings
   mempunyai pengalaman yang relevan di bidang audit,                relevant experience in auditing, both internal audit and      permasalahan, risiko, rekomendasi, tanggapan dan rencana         (including issues and problems, risks, recommendations,
   baik audit internal maupun audit eksternal.                       external audit.                                               tindak lanjut manajemen), dan status tindak lanjut manajemen     responses and management follow-up plans), and the
b. Memiliki integritas yang tinggi dan bertindak secara                                                                            terhadap rekomendasi audit sebelumnya, telah disampaikan         follow-up of the previous audit recommendations, has been
   profesional, independen, jujur dan objektif dalam              b. Has high integrity and act professionally, independently,     oleh Unit Audit Internal kepada Direktur Utama Perseroam.        submitted by the Internal Audit Unit to the President Director
   melaksanakan tugas-tugasnya.                                      honestly and objectively in carrying out his/her duties.                                                                       of the Company.
c. Memiliki pengetahuan, keahlian dan kemampuan lain
   yang relevan untuk melaksanakan tugas dan tanggung             c. Has knowledge, skills and other relevant abilities to carry   SISTEM PENGENDALIAN INTERNAL                                     INTERNAL CONTROL SYSTEM
   jawabnya masing-masing.                                           out their respective duties and responsibilities.             Sistem Pengendalian Internal meruapakan upaya Perseroan          The Internal Control System is the Company’s effort to
d. Memiliki pengetahuan tentang peraturan perundang-              d. Has knowledge of the laws and regulations in the capital      untuk melaksanakan fungsi kontrol dalam menunjang                carry out the control function in supporting the role of the
   undangan di bidang pasar modal dan peraturan perundang-           market and other related laws and regulations.                peran Direksi untuk melakukan pengelolaan sekaligus              Board of Directors to manage as well as secure the financial
   undangan terkait lainnya.                                                                                                       mengamankan aset keuangan dan kegiatan operasional               assets and operational activities of the Company. Thus, ICS
e. Memiliki kecakapan untuk berinteraksi dan berkomunikasi        e. Has the ability to interact and communicate effectively
   baik secara lisan dan tulisan secara efektif.                     both orally and in writing



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Perseroan. Dengan demikian, SPI akan memberikan jaminan         will provide guarantees so that the business activities and     SISTEM MANAJEMEN RISIKO                                           RISK MANAGEMENT SYSTEM
agar aktivitas usaha dan pengurusan Perseroan dapat berjalan    management of the Company can run in a healthy and safe         Perseroan melakukan pengembangan dan penyempurnaan                The Company develops and improves the risk management
dengan sehat dan aman dari setiap ancaman risiko usaha.         manner from any business risk.                                  kerangka sistem pengelolaan risiko dan struktur pengendalian      system framework and internal control structure in an
                                                                                                                                internal secara terpadu dan komprehensif melalui                  integrated and comprehensive manner through adjustments
Pengendalian Keuangan dan Operasional                           Financial and Operational Control                               penyesuaian pelaksanaan Manajemen Risiko.                         in the implementation of Risk Management.
Sistem Pengendalian Keuangan di lingkungan Perseroan            The Financial Control System within the Company is
dilaksanakan dengan mengedepankan prinsip kehati-               implemented by prioritizing the principle of prudence to        Penerapan prinsip-prinsip GCG menjadi acuan bagi Perseroan        The application of GCG principles is a reference for the
hatian untuk menjaga kualitas aset dan kinerja keuangan         maintain the quality of the Company’s assets and financial      untuk melakukan upaya mitigasi risiko melalui Sistem              Company to carry out risk mitigation efforts through the
Perseroan, serta untuk mendukung pertumbuhan bisnis             performance, as well as to support sustainable business         Manajemen Risiko. Upaya ini dilakukan untuk memastikan            Risk Management System. This effort is made to ensure
secara berkelanjutan.                                           growth.                                                         agar kegiatan pengurusan Perseroan berjalan lancar, sehingga      that the Company’s management activities run smoothly,
                                                                                                                                Perseroan dapat meningkatkan kinerja operasional dan              so that the Company can improve operational and financial
Sedangkan Sistem Pengendalian Operasional Perseroan,            Whereas, the Company’s Operational Control System is            keuangan yang mendukung pencapaian pertumbuhan secara             performance that supports the achievement of optimal and
dilakukan melalui kebijakan dan standar prosedur operasi        carried out through strict policies and standard operating      optimal dan berkelanjutan.                                        sustainable growth.
yang ketat. Melalui kebijakan ini, diharapkan agar setiap       procedures. Through this policy, it is hoped that every BUVA
Insan BUVA bertanggung jawab sesuai standar kualitas            Personnel is responsible for the quality standards set by       Upaya membangun dan menumbuhkan kesadaran mengenai                Efforts to build and raise awareness about the potential risks
yang ditetapkan Perseroan. Melalui Sistem Pengendalian          the Company. Through the Operational Control System, the        adanya potensi risiko pada semua unit kerja Perseroan             in all of the Company’s work units are an important part in
Operasional, kualitas produk dan layanan hotel dan resor        quality of the hotel and resort built by the Company is also    dan menjadi bagian penting dalam mengimplementasikan              implementing risk mitigation measures that will be faced by
yang dibangun oleh Perseroan diharapkan juga dapat terjaga      expected to be well maintained.                                 langkah-langkah mitigasi risiko yang akan dihadapi Perseroan      the Company efficiently.
dengan baik.                                                                                                                    secara efisien.

Kesesuaian Sistem Pengendalian Internal dengan Kerangka         Conformity of the Internal Control System with the              Kebijakan Manajemen Risiko                                        Risk Management Policy
yang Diakui Secara Internasional                                Internationally Recognized Framework                            Manajemen risiko pada Perseroan merupakan bagian                  Risk management is part of the internal control system.
Manajemen Perseroan secara terus menerus melakukan              The management of the Company continuously evaluates            dari sistem pengendalian internal. Meskipun pengelolaan           Although risk management is a shared responsibility of all
evaluasi dan penyempurnaan Sistem Pengendalian                  and improves the Internal Control System in order to comply     risiko merupakan tanggung jawab bersama seluruh insan             the Company’s personnel, the greatest responsibility lies
Internal agar sesuai standar internasional yang berlaku,        with applicable international standards, which refers to the    Perseroan, namun tanggung jawab terbesar terletak pada            with the Company’s Board of Directors.
yakni mengacu pada Internal Control Integrated Framework        Internal Control Integrated Framework developed by The          Direksi Perseroan.
yang dikembangkan oleh The Committee of Sponsoring              Committee of Sponsoring Organization of the Treadway
Organization of the Treadway Commission (COSO).                 Commission (COSO).                                              Direksi menetapkan, menjaga, serta melakukan evaluasi             The Board of Directors determines, maintains, and evaluates
                                                                                                                                mengenai potensi risiko agar eksposur risiko masih berada         potential risks so that risk exposure is still within the tolerance
Sejalan dengan acuan tersebut, SPI yang telah ditetapkan oleh   In line with these references, the Internal Control System      pada batas toleransi yang dapat diantisipasi. Dalam               limit. In its implementation, Risk Management in the Company
Perseroan meliputi unsur lingkungan pengendalian, penilaian     includes the control environment, risk assessment, control      pelaksanaannya, Manajemen Risiko pada Perseroan                   starts from the identification and classification of risks, as
risiko, kegiatan pengendalian, informasi dan komunikasi, dan    activities, information and communication, and monitor the      dimulai dari identifikasi dan klasifikasi risiko, serta           well as determining risk mitigation measures. Through these
pemantauan pengendalian intern.                                 internal control.                                               menetapkan langkah mitigasi risikonya. Melalui tahapan            stages, the Company has confidence that the implementation
                                                                                                                                tersebut, Perseroan memiliki keyakinan bahwa pelaksanaan          of the Company’s management does not pose a significant
Pelaksanaan dan Evaluasi Penerapan Sistem Pengendalian          Implementation and Evaluation of the Internal Control           pengurusahaan Perseroan tidak memunculkan risiko yang             risk.
Internal Tahun 2021                                             System in 2021                                                  signifikan.
Selama tahun 2021, SPI telah diterapkan pada masing-masing      Throughout 2021, ICS (Internal Control System) has been
fungsi bisnis dalam Perseroan yang didokumentasikan             applied to each business function within the Company and        Profil Risiko                                                     Risk Profile
dalam pedoman/kebijakan, prosedur kerja, memo internal,         documented in guidelines/policies, work procedures, internal    Bisnis Perseroan yang bergerak pada bidang jasa perhotelan,       The Company’s business which is engaged in hospitality
dan deskripsi tugas dan tanggung jawab. Perseroan secara        memos, and descriptions of duties and responsibilities. The     villa/resor dan juga pariwisata berskala internasional,           services, villas/resorts as well as international tourism, always
berkelanjutan melakukan perbaikan proses-proses internal        Company continuously improves internal processes in every       senantiasa menghadapi berbagai potensi risiko, khususnya          faces various potential risks, especially related to global
di setiap fungsi pada Perseroan dan entitas anak dengan         function of the Company and its subsidiaries by referring to    terkait kondisi ekonomi global yang sangat dinamis. Pada          economic conditions. In 2021, the Company still feels the
mengacu pada hasil audit baik internal maupun eksternal.        the results of both internal and external audits.               tahun 2021, Perseroan masih merasakan dampak Pandemi              impact of the Covid-19 Pandemic, which is a big challenge
                                                                                                                                Covid-19 menjadi tantangan besar bagi bisnis Perseroan.           for the Company’s business.
Perseroan telah melakukan tinjauan atas efektivitas SPI         The Company has reviewed the effectiveness of the ICS
dalam laporan keuangan tahun 2021 melalui penggunaan            in the 2021 financial statements by using the generally         Terkait hal tersebut, Perseroan telah melakukan penilaian         In this regard, the Company has assessed the potential risks
kriteria yang berlaku secara umum. Berdasarkan hasil            accepted criteria. Based on the results of a review of the      potensi risiko terhadap beberapa proses bisnis dengan             of several business processes by identifying and classifying
tinjauan atas efektivitas SPI tersebut, Dewan Komisaris dan     effectiveness of the ICS, the Board of Commissioners and        mengidentifikasi dan mengklasifikasikan potensi-potensi           potential risks based on the level of risk. The following are
Direksi menyimpulkan bahwa hingga 31 Desember 2021, SPI         the Board of Directors concluded that until December 31,        risiko berdasarkan level risiko. Berikut ini risiko-risiko yang   the risks faced by the Company in 2021 according to their
yang dilakukan oleh Perseroan telah berjalan baik. Kendati      2021, the ICS conducted by the Company had been running         dihadapi Perseroan pada 2021 sesuai pengelompokannya:             grouping:
demikian, Perseroan akan terus melakukan pengembangan,          well. Nevertheless, the Company will continue to develop,
evaluasi dan perbaikan yang dilakukan terus-menerus agar        evaluate and improve continuously to become more optimal.       a. Risiko Keamanan                                                a. Security Risk
menjadi lebih optimal.                                                                                                          Perseroan menyadari bahwa keamanan tamu merupakan                 The Company realizes that the safety of the guest is a top
                                                                                                                                prioritas utama bagi industri pariwisata. Hal ini dapat           priority in the tourism industry. This can have an impact on
Kecukupan Sistem Pengendalian Internal                          Adequacy of Internal Control System                             berdampak pada penurunan tingkat hunian hotel, sekaligus          decreasing hotel occupancy rates, as well as lowering the
Dewan Komisaris dan Direksi menilai Sistem Pengendalian         The Board of Commissioners and the Board of Directors           menurunkan pendapatan dan laba Perseroan. Sebagai upaya           Company’s revenues and profits. As a mitigation effort, the
Internal yang dimiliki telah mencukupi bagi Perseroan.          assess that the Internal Control System is sufficient for the   mitigasinya, Perseroan memperluas jangkauan operasi ke            Company expanded its operational reach to areas outside
                                                                Company.                                                        daerah-daerah di luar Bali.                                       Bali.


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b. Risiko Ekonomi                                                 b. Economic Risk                                                      g. Risiko Bencana Alam                                          g. Natural Disaster Risk
Krisis ekonomi global pastinya akan berdampak pada                The global economic crisis will certainly have an impact on           Risiko terjadinya bencana alam baik gempa bumi, banjir,         The risk of natural disasters such as earthquakes, floods,
kunjungan wisatawan ke Indonesia. Pertumbuhan ekonomi             tourism in Indonesia. Slowing global economic growth in               kabut asap, dan tsunami dapat mengganggu operasional            smog, and tsunamis can disrupt operations and potentially
global yang melambat di tahun 2021 dan tahun sebelumnya           2021 and the previous year due to the impact of Covid-19              dan berpotensi menurunkan profitabilitas Perseroan. Untuk       reduce the Company’s profitability. To that end, the Company
akibat dampak Covid-19 dan larangan kunjungan wisatawan           and the ban on tourist visits due to the pandemic, has an             itu, Perseroan telah melakukan analisa risiko dan melakukan     has conducted a risk analysis and taken anticipatory actions
akibat pandemi tersebut, berdampak terhadap jumlah                impact on the number of visitors to Indonesia. The impact             tindakan antisipasi melalui perlindungan asuransi agar risiko   through insurance protection so that the risk is not attached
pengunjung ke Indonesia. Hal ini berakibat pada penurunan         was the guests were decreasing.                                       tersebut tidak melekat pada Perseroan.                          to the Company.
sebagian besar tamu Perseroan yang berasal dari luar negeri.
                                                                                                                                        Tinjauan Terhadap Efektivitas Sistem Manajemen Risiko           Overview of the Effectiveness of the Risk Management
Sejauh ini Perseroan terus berupaya mengurangi dampak             So far, the Company continues to strive to reduce the impact                                                                          System
penurunan tersebut dan melakukan upaya pemantauan secara          of the declining guests and makes efforts to closely monitor          Perseroan telah melakukan tinjauan terhap sistem manajemen      The Company has reviewed the risk management system
ketat perkembangan ekonomi global dan mengidentifikasi            global economic developments and identify business                    risiko yang dijalankan. Meskipun situasi ekonomi global         that is being implemented. Although the global economic
potensi bisnis yang dapat dikembangkan dalam situasi              potentials that can be developed in this situation, including         akibat dampak Pandemi sangat berpengaruh terhadap bisnis        situation due to the impact of the Pandemic will greatly affect
tersebut, termasuk melakukan penyesuaian harga yang               making adjustments to the prices. Internal consolidation is           Perseroan selama tahun 2021, namun Direksi dan Dewan            the Company’s business during 2021, however, the Board of
ditawarkan. Konsolidasi internal merupakan mitigasi penting       an important mitigation carried out by the company in facing          Komisaris berpandangan bahwa sistem manajemen risiko            Directors and the Board of Commissioners believe that the
yang dilakukan perseroan menghadapi tantangan ekonomi             the challenges of the global economy.                                 pada Perseroan sangat memadai untuk pengelolaan risiko          risk management system in the Company is very adequate
global yang terjadi.                                                                                                                    pada Perseroan.                                                 to handle the problem.

c. Risiko Persaingan                                              c. Competition Risk                                                   PERKARA HUKUM                                                   LAWSUIT
Potensi risiko persaingan bisnis merupakan sesuatu yang           The potential risk of business competition is something that          Sepanjang tahun 2021, Perseroan, Entitas Anak, Dewan            Throughout 2021, the Company, its Subsidiaries, the Board of
diantisipasi Perseroan. Sebagai upaya mitigasi, Perseroan         the Company anticipates. As a mitigation effort, the Company          Komisaris maupun Direksi tidak memiliki perkara hukum           Commissioners and the Board of Directors did not have any
memanfaatkan keunggulan kompetitif yang dimiliki. terutama        takes advantage of its competitive advantages, especially             yang dihadapi baik perdata ataupun pidana yang berdampak        legal cases, whether civil or criminal, that had a significant
kepercayaan konsumen terhadap pelayanan jasa hotel                consumer confidence in the Company’s hotel services. The              signifikan terhadap kelangsungan usaha Perseroan.               impact on the Company’s business continuity.
Perseroan. Lokasi yang strategis, ketersediaan fasilitas dan      strategic location, the facilities and services, as well as the
layanan, serta harga yang ditawarkan menjadi keunggulan           competitive prices are the advantages of the Company to               Sanksi Administratif                                            Administrative Sanctions
Perseroan untuk menjaga keberlanjutan usaha.                      maintain business sustainability.                                     Tidak ada sanksi administratif yang dikenakan pada              There are no administrative sanctions imposed on the
                                                                                                                                        Perseroan selama tahun 2021.                                    Company during 2021.
d. Risiko Politik                                                 d. Political Risk
Instabilitas politik merupakan potensi risiko yang harus          Political instability is a potential risk that must be anticipated.   KODE ETIK                                                       CODE OF CONDUCT
diantisipasi. Stabilitas politik yang terganggu dengan eskalasi   Political stability that is disrupted by a large escalation
yang besar berpotensi mengganggu kegiatan operasional             has the potential to disrupt operational activities and will          Pokok-Pokok Isi Kode Etik Perseroan:                            The Contents of the Company’s Code of Conduct:
dan akan berdampak terhadap bisnis Perseroan. Terkait             have an impact on the Company’s business. Regarding this              Secara garis besar, isi Code of Conduct pada Perseroan          In general, the Code of Conduct covers the following:
risiko politik ini, langkah mitigasi Perseroan diantaranya        political risk, the Company’s mitigation measures include             meliputi:
dilakukan dengan menerapkan pendekatan pro-aktif dan              implementing a pro-active approach and seeking to provide             1. Memelihara dan memastikan bahwa standar pelayanan            1. Maintain and ensure that the best standard of service
mengupayakan penyediaan lingkungan yang aman dan                  a safe and comfortable environment for hotel guests.                     yang terbaik yang diberikan kepada tamu sesuai dengan           provided to guests is in accordance with the standards
nyaman bagi tamu hotel.                                                                                                                    standar yang telah ditetapkan oleh manajemen.                   set by management.
                                                                                                                                        2. Memelihara kebersihan dan penampilan yang rapih dan          2. Maintain a clean and neat appearance at all times in
e. Risiko Lingkungan                                              e. Environmental Risk                                                    baik setiap saat sesuai dengan standar penampilan/              accordance with the standards of appearance/grooming.
Risiko lingkungan menjadi potensi risiko lain yang dapat          Environmental risk is another potential risk that can arise.             grooming.
muncul. Sebagai upaya mitigasi risiko lingkungan, Perseroan       As an effort to mitigate environmental risks, The Company             3. Mengikuti semua instruksi yang wajar dan beralasan yang      3. Follow all reasonable and reasoned instructions given by
ikut berupaya menjaga kelestarian lingkungan di sekitar hotel     also strives to preserve the environment around the hotel                diberikan oleh atasan.                                          superiors.
dan terlibat pada proyek-proyek CSR yang bertujuan untuk          and is involved in CSR projects that aim to preserve the              4. Memelihara hubungan kerja yang baik sesama Pekerja,          4. Maintain good working relationships with fellow workers,
melestarikan lingkungan, bekerja sama dengan masyarakat           environment and work with the community to manage the                    Penyelia, dan Manajer atau para Tamu.                           supervisors, and managers or guests.
untuk mengelola lingkungan dengan baik. Perseroan juga            environment properly. The Company also conducts annual                5. Memelihara nama baik dan reputasi Perseroan dengan           5. Maintain the good name and reputation of the Company
melakukan audit tahunan untuk memastikan bahwa semua              audits to ensure that all staff support its commitment to the            sebaik-baiknya.                                                 as good as possible.
staf mendukung komitmennya terhadap lingkungan dalam              environment in their daily activities.                                6. Melaporkan kepada Perseroan hal-hal apapun yang              6. Report to the Company any matters relating to personal
kegiatan sehari-hari.                                                                                                                      berhubungan dengan status pribadi.                              status.

f. Risiko Nilai Tukar                                             f. Exchange Rate Risk
Pendapatan Perseroan yang sebagain besar dalam mata uang          The Company’s revenue, which is mostly denominated in US
dolar AS, membuat fluktuasi nilai tukar sebagai potensi risiko    dollars keep fluctuating, and the fluctuations of the exchange
yang harus diantisipasi. Sebagai langkah mitigasi, meskipun       rate must be anticipated. As a mitigation measure, although
tidak melakukan lindung nilai mata uang namun Perseroan           it does not hedge currency, the Company strives not to have
berupaya untuk tidak memiliki utang dalam bentuk mata             debt in foreign currency. Management continues to monitor
uang asing. Manajemen terus memantau perkembangan                 exchange rate closely to be able to take any possible solution.
nilai tukar secara ketat untuk dapat mengambil tindakan
solutif yang memungkinkan.




PT Bukit Uluwatu Villa Tbk                                    116                             Laporan Tahunan 2021 Annual Report        Annual Report 2021 Laporan Tahunan                          117                                      PT Bukit Uluwatu Villa Tbk
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  Tata Kelola Perusahaan | Corporate Governance                                                                                                                                                                Tata Kelola Perusahaan | Corporate Governance




 Struktur Penerapan Kode Etik Perseroan                                                                                          PT Bukit Uluwatu Villa Tbk                                      PT Bukit Uluwatu Villa Tbk
 The Structure of Code of Conduct                                                                                                Gedung Sequis Center Lantai 9                                   Gedung Sequis Center Lantai 9
                                                                                                                                 Jl. Jendral Sudirman No 71                                      Jl. Jendral Sudirman No 71
  1    Dewan Komisaris          Bertanggung jawab atas dipatuhinya Nilai-nilai Inti dan Kode Etik yang dibantu oleh              Jakarta 12190                                                   Jakarta 12190
       Board of                 Komite-Komite di bawahnya.                                                                       email: benita.sofia@buvagroup.com                               email: benita.sofia@buvagroup.com
       Commissioners            Responsible for compliance with the Core Values and Code of Conducts which assisted by
                                the supporting Committees.                                                                       Korespondensi dan Laporan Berkala                               Correspondence and Periodic Reports
  2    Direksi                  Bertanggung jawab atas penerapan nilai-nilai inti dan Kode Etik di lingkungan                    Perseroan telah menyusun dan melaporkan secara transparan       The Company has compiled and reported transparently on
       Board of Directors       Perseroan.                                                                                       mengenai informasi keuangan dan non keuangan, baik kepada       financial and non-financial information, both to shareholders,
                                Responsible for the application of Core Values and Code of Conducts at the Company.              pemegang saham, pemangku kepentingan maupun lembaga             stakeholders and other institutions as required. The
                                                                                                                                 lain yang dipersyaratkan. Informasi tersebut dilaporkan dan     information is reported and presented according to the
  3    Kepala Divisi/           Bertanggung jawab atas penerapan Nilai-nilai inti dan Kode Etik di unit kerjanya masing-         disajikan sesuai target waktu, secara lengkap dan akurat,       target time, in a complete, accurate, current, and adequate
       Manajer                  masing.                                                                                          terkini, utuh dan memadai dengan tata cara, jenis dan cakupan   manner in accordance with the procedures, types and scopes
       Head of Division/        Responsible for the application of Core Values and Code of Conducts in their respective          sebagaimana diatur dalam ketentuan tentang Transparansi         as stipulated in the provisions concerning the Transparency
       Manager                  work units.                                                                                      Kondisi Keuangan Perseroan.                                     of the Company’s Financial Condition.
  4    Seluruh Karyawan         Menerima dan menandatangani formulir pernyataan kepatuhan terhadap Nilai-nilai Inti
       BUVA                     dan Kode Etik Perseroan.                                                                         Situs Website Perseroan                                         Company Website
       All BUVA Employees       Receive and sign a statement of compliance with the Core Values and Code of Conducts.            Perseroan juga memiliki website resmi yaitu www.buvagroup.      The Company also has an official website, namely www.
                                                                                                                                 com memberikan informasi antara lain mengenai: Informasi        buvagroup.com which provides information including:
                                                                                                                                 Keuangan, Laporan Tahunan, Komposisi Pemegang Saham,            Financial Information, Annual Reports, Composition of
Sosialisasi dan Pemberlakukan Penegakan Kode Etik               Socialization and Enforcement of Code of Conduct                 Informasi Saham, Informasi Rapat Umum Pemegang Saham            Shareholders, Share Information, Information on the General
Sosialisasi mengenai kebijakan Kode Etik Perseroan dilakukan    The socialization of policy and Code of Conduct of the           (RUPS). Website tersebut disajikan dalam Bahasa Indonesia       Meeting of Shareholders (GMS). The website is presented
secara rutin dan meluas kepada seluruh karyawan. Sosialisasi    Company continuously to be carried out regularly and             dan Inggris.                                                    in Indonesian and English.
tersebut sangat diperlukan agar seluruh karyawan dapat          extends to all employees. The socialization is necessary
mencerminkan budaya dan nilai-nilai positif Perseroan.          so all employees can reflect the culture and positive values     Sistem Pelaporan Pelanggaran                                    Whistleblowing System
                                                                of the Company.                                                  Untuk menjaga reputasi usaha dan nama baik merek-merek          To maintain the business reputation and good name of the
                                                                                                                                 hotel serta resor yang dikelola, Perseroan berkomitmen          hotel and resort brands, the Company is committed to provide
Kode Etik berlaku bagi seluruh Insan Perseroan pada setiap      The Code of Conduct applies to all Company personnel at          memberikan kemudahan akses terhadap pemangku                    easy access to stakeholders who wish to submit various
jenjang organisasi Perseroan. Karyawan, Direksi dan Dewan       every level of the Company’s organization. Employees, the        kepentingan yang ingin menyampaikan berbagai pengaduan          complaints related to the Company through the management
Komisaris diwajibkan menandatangani pernyataan komitmen         Board of Directors and the Board of Commissioners are            terkait Perseroan melalui pengelolaan Sistem Pelaporan          of the Whistleblowing System (WBS).
kepatuhan terhadap Kode etik Perseroan.                         required to sign a statement of commitment to comply with        Pelanggaran/Whistleblowing System (WBS).
                                                                the Company’s Code of Conduct.
                                                                                                                                 Sistem Pelaporan Pelanggaran ini merupakan mekanisme            This Violation Reporting System is an open mechanism
KEBIJAKAN KOMPENSASI JANGKA PANJANG BERBASIS                    PERFORMANCE-BASED LONG-TERM COMPENSATION                         terbuka bagi seluruh pemangku kepentingan. Perseroan            for all stakeholders. The Company is committed to follow
KINERJA                                                         POLICY                                                           berkomitmen menindaklanjuti setiap pengaduan demi               up on every complaint in order to maintain a harmonious
Perseroan sampai saat ini belum menerapkan Kebijakan            The Company has not yet implemented a long-term                  menjaga hubungan yang harmonis dengan pemangku                  relationship with stakeholders.
pemberian kompensasi jangka panjang berbasis kinerja            performance-based compensation policy for management             kepentingan.
kepada manajemen dan/atau karyawan. Baik yang                   and/or employees. Both in the form of a management stock
berbentuk program kepemilikan saham oleh manajemen              ownership program (MSOP) and/or an Employee Stock                Perlindungan Terhadap Pelapor                                   Protection Against Whistleblowers
(Management Stock Ownership Program/MSOP) dan/atau              Ownership program (ESOP).                                        Bagi pelapor yang ingin menyampaikan pelanggaran kepada         Those who wish to report violations to the Company can
program kepemilikan saham oleh karyawan (Employee Stock                                                                          Perseroan dapat dilakukan melalui berbagai media, seperti       do so through various media, such as email, telephone
Ownership program/ESOP).                                                                                                         email, telepon dan faksimili. Perseroan memiliki kebijakan      and facsimile. The Company has a protection policy for
                                                                                                                                 perlindungan bagi pelapor untuk mendorong setiap insan          whistleblowers to encourage every employee of the Company
AKSES INFORMASI DAN DATA PERSEROAN                              ACCESS TO COMPANY INFORMATION AND DATA                           Perseroan dan pelapor lainnya berani melaporkan pelanggaran     and other whistleblowers to be brave enough to report
Sebagai Perseroan terbuka, Perseroan berkomitmen                As a public company, the Company is committed to apply the       dan menjamin keamanan Pelapor maupun keluarganya.               violations and ensure the safety of the whistleblower and
menerapkan prinsip transparansi kepada pemegang saham           principle of transparency to shareholders and all stakeholders                                                                   his family.
dan segenap pemangku kepentingan dengan menyediakan             by providing adequate access and information.
akses dan sarana informasi yang memadai.                                                                                         Penanganan Pengaduan                                            Handling the Complaints
                                                                                                                                 Laporan dugaan pelanggaran langsung ditangani secara            Reports of alleged violations are directly handled with the
Sepanjang tahun 2021, Perseroan telah menyediakan               Throughout 2021, the Company has provided information            bertahap dengan mekanisme yang telah ditetapkan.                established mechanism. The Company will receive reports of
informasi dan data Perseroan yang membutuhkan sosialisasi       and data of the Company that require socialization to the        Perseroan akan menerima pelaporan pelanggaran dan               violations and collect evidence and information supporting
kepada publik baik melalui website Perseroan (dalam bahasa      public either through the Company’s website (in Indonesian       melakukan pengumpulan bukti serta informasi pendukung           the report.
Indonesia dan bahasa Inggris), dan media massa, mailing list,   and English), mass media, mailing lists, also in meetings with   laporan.
juga dalam pertemuan dengan analis dan media. Terkait hal       analysts and the media. In this regard, the Company also
tersebut, Perseroan juga menerima pertanyaan, saran, kritik     accepts questions, suggestions, criticisms or requests in        Direksi akan mengambil tindakan yang diperlukan dengan          The Board of Directors will take the necessary actions by
maupun permintaan informasi secara tertulis yang dapat          written form that can be submitted to the Corporate Secretary    menyesuaikan pada mekanisme organisasi Perseroan.               adjusting to the Company’s mechanisms. Actions will be taken
disampaikan yang ditujukan kepada Sekretaris Perseroan          at the following address:                                        Tindakan akan diambil setelah Direksi berkoordinasi dengan      after the Board of Directors coordinates with the Internal Audit
melalui alamat:                                                                                                                  Unit Audit Internal, Divisi SDM, dan pihak-pihak terkait.       Unit, HR Division, and related parties. The decision-making


PT Bukit Uluwatu Villa Tbk                                  118                           Laporan Tahunan 2021 Annual Report     Annual Report 2021 Laporan Tahunan                          119                                       PT Bukit Uluwatu Villa Tbk
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  Tata Kelola Perusahaan | Corporate Governance                                                                                                                                                           Tata Kelola Perusahaan | Corporate Governance




                                                                                                                                 Penerapan GCG Perseroan (per 31 Desember 2021)
                                                                                                                                 Implementation of the Company’s GCG (as of 31 December 2021)
                                                                                                                                                                                                                             Kepatuhan Perseroan
                                                                                                                                           Aspek                        Prinsip                  Rekomendasi                (Per 31 Desember 2021)
                                                                                                                                           Aspect                      Principle                Recommendation               Company Compliance
                                                                                                                                                                                                                           (As of 31 December 2021)
Mekanisme pengambilan keputusan atas tindakan yang             mechanism for the actions taken refers to the applicable laws                                                               2. Seluruh Anggota Direksi     Rekomendasi ini belum
diambil merujuk kepada peraturan dan perundangundangan         and regulations, the Company’s Articles of Association, and                                                                 dan Anggota Dewan              dilaksanakan. Perseroan
yang berlaku, Anggaran Dasar Perseroan, serta peraturan-       other regulations in the Company’s organizational structure                                                                 Komisaris Perseroan            masih melakukan
peraturan lain yang melekat dalam struktur dan mekanisme       and mechanisms.                                                                                                             Terbuka hadir dalam RUPS       konsolidasi internal terkait
organisasi Perseroan.                                                                                                                                                                      Tahunan                        hal tersebut.
                                                                                                                                                                                           All Members of the Board of    This recommendation has
Selama tahun 2021, sesuai dengan Nota Dinas Pelaporan          During 2021, in accordance with the Memorandum of the                                                                       Directors and Members of       not been implemented
Whistleblowing System, tidak terdapat pengaduan yang           Whistleblowing System Reporting Office, there were no                                                                       the Board of Commissioners     yet. The Company is
masuk melalui saluran Whistleblowing Perseroan.                complaints that came through the Company’s Whistleblowing                                                                   of a Public Company attend     still conducting internal
                                                               channel.                                                                                                                    the Annual GMS                 consolidation regarding this
                                                                                                                                                                                                                          matter.
KEBIJAKAN ANTI KORUPSI                                         ANTI-CORRUPTION POLICY
Perseroan memiliki kebijakan anti korupsi dan tidak            The Company has an anti-corruption policy and does not
                                                                                                                                                                                           3. Ringkasan risalah RUPS      Rekomendasi ini belum
menoleransi adanya praktik korupsi, balas jasa (kickbacks),    tolerate the practice of corruption, kickbacks, fraud, bribery
                                                                                                                                                                                           tersedia dalam situs web       dilaksanakan. Perseroan
fraud, suap dan/atau gratifikasi yang dilakukan dalam           and/or gratification carried out within the Company.
                                                                                                                                                                                           Perseroan paling sedikit       masih melakukan
lingkungan Perseroan.
                                                                                                                                                                                           selama satu (1) tahun          konsolidasi internal terkait
                                                                                                                                                                                           The summary of the             hal tersebut.
PENERAPAN TATA KELOLA PERSEROAN TERBUKA                        IMPLEMENTATION OF PUBLIC COMPANY GOVERNANCE
                                                                                                                                                                                           minutes of the GMS is          This recommendation has
Perseroan telah melaksanakan rekomendasi Pedoman               The Company has implemented the recommendations of
                                                                                                                                                                                           available on the Company’s     not been implemented
Tata Kelola tersebut di Perseroan sesuai POJK Nomor 21/        the Governance Guidelines in the Company in accordance
                                                                                                                                                                                           website for at least one (1)   yet. The Company is
POJK.04/2015 tentang Penerapan Pedoman Tata Kelola             with POJK Number 21/POJK.04/2015 concerning the
                                                                                                                                                                                           year                           still conducting internal
Perseroan Terbuka dan SEOJK Nomor 32/SEOJK.04/2015             Implementation of the Governance Guidelines for Public
                                                                                                                                                                                                                          consolidation regarding this
tentang Pedoman Tata Kelola Perseroan Terbuka. Di dalamnya     Companies and SEOJK Number 32/SEOJK.04/2015
                                                                                                                                                                                                                          matter.
mencakup 5 (lima) aspek, 8 (delapan) prinsip, serta 25 (dua    concerning Guidelines for the Governance of Public
puluh lima) rekomendasi penerapan aspek dan prinsip tata       Companies. It includes 5 (five) aspects, 8 (eight) principles,                                  2. Meningkatkan kualitas    1. Perseroan Terbuka           1. Perseroan telah
kelola Perseroan yang baik, meliputi hal sebagai berikut:      and 25 (twenty five) recommendations for the implementation                                     komunikasi Perseroan        memiliki suatu kebijakan       menjalankan rekomendasi
                                                               of aspects and principles of good corporate governance,                                         Terbuka dengan Pemegang     komunikasi dengan              keterbukaan informasi
                                                               including the following:                                                                        Saham atau investor         Pemegang Saham atau            kepada sesuai ketentuan
                                                                                                                                                               Improve the quality of      investor                       yang berlaku, dan
                                                                                                                                                               communication of the        The Public Company has a       dimuat dalam Situs Web
 Penerapan GCG Perseroan (per 31 Desember 2021)                                                                                                                Public Company with         communication policy with      Perseroan.
 Implementation of the Company’s GCG (as of 31 December 2021)                                                                                                  Shareholders or investors   Shareholders or investors      The Company
                                                                                                 Kepatuhan Perseroan                                                                                                      has implemented
             Aspek                         Prinsip                  Rekomendasi                 (Per 31 Desember 2021)                                                                                                    recommendations for
             Aspect                       Principle                Recommendation                Company Compliance                                                                                                       information disclosure in
                                                                                               (As of 31 December 2021)                                                                                                   accordance with applicable
                                                                                                                                                                                                                          regulations, and published
 1. Hubungan Perseroan          1. Meningkatkan Nilai         1. Perseroan Terbuka           Rekomendasi ini belum
                                                                                                                                                                                                                          on the Company’s Website.
 Terbuka dengan Pemegang        Penyelenggaraan (RUPS)        memiliki cara atau prosedur    dilaksanakan. Perseroan
 Saham dalam Menjamin           Increasing Implementation     teknis pegumpulan              masih melakukan                                                                               2. Perseroan Terbuka           2. Rekomendasi ini sudah
 hak-hak Pemegang Saham         Value (GMS)                   (voting) baik secara           konsolidasi internal terkait                                                                  mengungkapkan kebijakan        dilaksanakan Perseroan
 Public Company Relations                                     terbuka maupun tertutup        hal tersebut.                                                                                 komunikasi Perseroan           dengan mengungkapkan
 with Shareholders in                                         yang mengedepankan             This recommendation has                                                                       Terbuka dengan Pemegang        kebijakan komunikasi
 Ensuring the Rights of                                       independensi dan               not been implemented                                                                          Saham atau Investor dalam      Perseroan dengan
 Shareholders                                                 kepentingan Pemegang           yet. The Company is                                                                           Situs Web Perseroan.           Pemegang Saham atau
                                                              Saham                          still conducting internal                                                                     The Public Company             Investor dalam Situs Web
                                                              The Public Company             consolidation regarding this                                                                  discloses the                  Perseroan yaitu www.
                                                              has a technical method         matter.                                                                                       communication policy of the    buvagroup.com
                                                              or procedure for voting                                                                                                      Public Company with the        This recommendation has
                                                              both openly and privately                                                                                                    Shareholders or Investors      been implemented by the
                                                              that prioritizes the                                                                                                         on the Company’s Website.      Company by disclosing the
                                                              independence and interests                                                                                                                                  Company’s communication
                                                              of shareholders                                                                                                                                             policy with Shareholders or
                                                                                                                                                                                                                          Investors on the Company’s
                                                                                                                                                                                                                          Website, namely www.
                                                                                                                                                                                                                          buvagroup.com




PT Bukit Uluwatu Villa Tbk                                  120                          Laporan Tahunan 2021 Annual Report     Annual Report 2021 Laporan Tahunan                     121                                       PT Bukit Uluwatu Villa Tbk
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  Tata Kelola Perusahaan | Corporate Governance                                                                                                                                                           Tata Kelola Perusahaan | Corporate Governance




 Penerapan GCG Perseroan (per 31 Desember 2021)                                                                             Penerapan GCG Perseroan (per 31 Desember 2021)
 Implementation of the Company’s GCG (as of 31 December 2021)                                                               Implementation of the Company’s GCG (as of 31 December 2021)
                                                                                              Kepatuhan Perseroan                                                                                                             Kepatuhan Perseroan
             Aspek                         Prinsip                 Rekomendasi               (Per 31 Desember 2021)                   Aspek                          Prinsip                     Rekomendasi                 (Per 31 Desember 2021)
             Aspect                       Principle               Recommendation              Company Compliance                      Aspect                        Principle                   Recommendation                Company Compliance
                                                                                            (As of 31 December 2021)                                                                                                        (As of 31 December 2021)
 2. Fungsi dan peran Dewan      3. Memperkuat                 1. Penentuan jumlah          Rekomendasi ini sudah                                          4. Meningkatkan kualitas         1. Dewan Komisaris              Rekomendasi ini sudah
 Komisaris                      keanggotaan dan               anggota Dewan Komisaris      dilaksanakan Perseroan.                                        pelaksanaan tugas dan            mempunyai kebijakan             dilaksanakan Perseroan,
 Functions and roles of the     komposisi Dewan               mempertimbangkan             Jumlah anggota Dewan                                           tanggung jawab Dewan             penilaian sendiri (self         sesuai dengan ketentuan
 Board of Commissioners         Komisaris                     kondisi Perseroan Terbuka.   Komisaris Perseroan                                            Komisaris                        assessment) untuk menilai       yang berlaku. Kebijakan
                                Strengthening the             The determination of the     sesuai dengan kebutuhan,                                       Improving the quality of         kinerja Dewan Komisaris.        penilaian Dewan Komisaris
                                membership and                number of members of the     kondisi dan kemampuan                                          the implementation of the        The Board of                    diatur dalam Piagam
                                composition of the Board of   Board of Commissioners       berdasarkan ketentuan                                          duties and responsibilities of   Commissioners has               Dewan Komisaris.
                                Commissioners                 takes into account the       yang berlaku.                                                  the Board of Commissioners       a self-assessment               This recommendation
                                                              conditions of the Public     This recommendation has                                                                         policy to assess the            has been implemented
                                                              Company.                     been implemented by the                                                                         performance of the Board of     by the Company, in
                                                                                           Company. The number of                                                                          Commissioners.                  accordance with applicable
                                                                                           members of the Company’s                                                                                                        regulations. The Board
                                                                                           Board of Commissioners                                                                                                          of Commissioners’
                                                                                           is in accordance with the                                                                                                       assessment policy is
                                                                                           needs, conditions and                                                                                                           regulated in the Board of
                                                                                           abilities based on applicable                                                                                                   Commissioners’ Charter.
                                                                                           regulations.                                                                                    2. Kebijakan penilaian          Rekomendasi ini sudah
                                                              2. Penentuan komposisi       Rekomendasi ini sudah                                                                           sendiri (self assessment)       dilaksanakan Perseroan
                                                              anggota Dewan Komisaris      dilaksanakan Perseroan.                                                                         untuk menilai kinerja           sesuai dengan ketentuan
                                                              memperhatikan                Komposisi Dewan                                                                                 Dewan Komisaris, diungkap       yang berlaku melalui
                                                              keberagaman keahlian         Komisaris pada Perseroan                                                                        melalui Laporan Tahunan         Piagam Dewan Komisaris
                                                              dan pengetahuan dan          telah mencerminkan                                                                              Perseroan Terbuka.              Perseroan dan diungkap
                                                              pengalaman yang              keberagaman, baik                                                                               The self-assessment             pada Laporan Tahunan
                                                              dibutuhkan.                  mengenai pendidikan,                                                                            policy to assess the            Perseroan.
                                                              The determination of         pengalaman kerja, maupun                                                                        performance of the Board        This recommendation has
                                                              the composition of the       usia seperti terlihat melalui                                                                   of Commissioners is             been implemented by the
                                                              members of the Board of      profil masing-masing                                                                            disclosed through the Public    Company in accordance
                                                              Commissioners takes into     anggota Dewan Komisaris                                                                         Company’s Annual Report.        with the applicable
                                                              account the diversity of     Perseroan.                                                                                                                      provisions through the
                                                              expertise and knowledge      This recommendation                                                                                                             Company’s Board of
                                                              and experience required.     has been implemented                                                                                                            Commissioners Charter and
                                                                                           by the Company. The                                                                                                             disclosed in the Company’s
                                                                                           composition of the Board                                                                                                        Annual Report.
                                                                                           of Commissioners in the                                                                         3. Dewan Komisaris              Rekomendasi ini sudah
                                                                                           Company has reflected the                                                                       mempunyai kebijakan             dilaksanakan Perseroan
                                                                                           diversity, both regarding                                                                       terkait pengunduran diri        sesuai dengan ketentuan
                                                                                           education, work experience,                                                                     anggota Dewan Komisaris         yang berlaku melalui
                                                                                           and age as seen through                                                                         apabila terlibat dalam          Piagam Dewan Komisaris
                                                                                           the profile of each member                                                                      kejahatan keuangan.             Perseroan.
                                                                                           of the Company’s Board of                                                                       The Board of                    This recommendation has
                                                                                           Commissioners.                                                                                  Commissioners has a policy      been implemented by the
                                                                                                                                                                                           regarding the resignation of    Company in accordance
                                                                                                                                                                                           members of the Board of         with the applicable
                                                                                                                                                                                           Commissioners if they are       provisions through the
                                                                                                                                                                                           involved in financial crimes.   Company’s Board of
                                                                                                                                                                                                                           Commissioners Charter.




PT Bukit Uluwatu Villa Tbk                                122                         Laporan Tahunan 2021 Annual Report   Annual Report 2021 Laporan Tahunan                         123                                        PT Bukit Uluwatu Villa Tbk
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 Penerapan GCG Perseroan (per 31 Desember 2021)                                                                               Penerapan GCG Perseroan (per 31 Desember 2021)
 Implementation of the Company’s GCG (as of 31 December 2021)                                                                 Implementation of the Company’s GCG (as of 31 December 2021)
                                                                                                Kepatuhan Perseroan                                                                                                              Kepatuhan Perseroan
             Aspek                         Prinsip                  Rekomendasi                (Per 31 Desember 2021)                   Aspek                          Prinsip                     Rekomendasi                  (Per 31 Desember 2021)
             Aspect                       Principle                Recommendation               Company Compliance                      Aspect                        Principle                   Recommendation                 Company Compliance
                                                                                              (As of 31 December 2021)                                                                                                         (As of 31 December 2021)
                                                              4. Dewan Komisaris atau        Rekomendasi ini sudah                                                                           3. Anggota Direksi yang          Rekomendasi ini sudah
                                                              Komite yang menjalankan        dilaksanakan Perseroan.                                                                         membawahi bidang                 dilaksanakan Perseroan
                                                              fungsi Nominasi dan            Komite Nominasi dan                                                                             akuntansi atau keuangan          sesuai dengan peraturan
                                                              Remunerasi menyusun            Remunerasi telah bertugas                                                                       memiliki keahlian dan/atau       yang berlaku.
                                                              kebijakan suksesi dalam        dan bertanggungjawab                                                                            pengetahuan di bidang            This recommendation has
                                                              proses nominasi anggota        menyusun dan memberikan                                                                         akuntansi.                       been implemented by the
                                                              Direksi.                       rekomendasi kepada                                                                              Members of the Board             Company in accordance
                                                              The Board of                   Dewan Komisaris                                                                                 of Directors in charge of        with applicable regulations.
                                                              Commissioners or the           Perseroan mengenai                                                                              accounting or finance have
                                                              Committee that carries         kebijakan suksesi atas                                                                          expertise and/or knowledge
                                                              out the Nomination and         nominasi anggota Direksi.                                                                       in accounting.
                                                              Remuneration function shall    This recommendation has                                        6.Meningkatkan kualitas          1.Direksi mempunyai              Rekomendasi ini sudah
                                                              formulate a succession         been implemented by the                                        pelaksanaan tugas dan            kebijakan penilian sendiri       dilaksanakan Perseroan.
                                                              policy in the nomination       Company. The Nomination                                        tanggung jawab Direksi           (self assessment) untuk          This recommendation has
                                                              process for members of the     and Remuneration                                               Improving the quality of         menilai kinerja Direksi.         been implemented by the
                                                              Board of Directors.            Committee has the duty                                         the implementation of the        The Board of Directors has       Company.
                                                                                             and responsibility of                                          duties and responsibilities of   a self-assessment policy to
                                                                                             compiling and providing                                        the Board of Directors           assess the performance of
                                                                                             recommendations to                                                                              the Board of Directors.
                                                                                             the Company’s Board of
                                                                                             Commissioners regarding                                                                         2. Kebijakan penilaian           Perseroan telah
                                                                                             the succession policy for the                                                                   sendiri (self assessment)        menjalankan rekomendasi
                                                                                             nomination of members of                                                                        untuk menilai kinerja            ini.
                                                                                             the Board of Directors.                                                                         Direksi diungkapkan              The Company has
                                                                                                                                                                                             melalui Laporan Tahunan          implemented this
 3. Fungsi dan peran Direksi    5. Memperkuat                 1. Penentuan jumlah            Rekomendasi ini sudah                                                                           Perseroan Terbuka.               recommendation.
 Functions and roles of the     keanggotaan dan               anggota Direksi                dilaksanakan Perseroan.                                                                         The self-assessment policy
 Board of Directors             komposisi Direksi             mempertimbangkan               Jumlah anggota Direksi                                                                          to assess the performance
                                Strengthening the             kondisi Perseroan Terbuka      Perseroan sebanyak 4                                                                            of the Board of Directors is
                                membership and                serta efektifitas dalam        orang Per Desember                                                                              disclosed through the Public
                                composition of the Board of   pengambilan keputusan.         2021 sesuai dengan                                                                              Company Annual Report.
                                Directors                     The determination of the       ketentuan dan telah
                                                              number of members of the       mempertimbangkan                                                                                3.Direksi mempunyai              Perseroan telah
                                                              Board of Directors takes       kebutuhan, dan kondisi                                                                          kebijakan terkait                menjalankan rekomendasi
                                                              into account the condition     Perseroan.                                                                                      pengunduran diri anggota         ini.
                                                              of the Public Company and      This recommendation has                                                                         Direksi apabila terlibat         The Company has
                                                              the effectiveness in making    been implemented by the                                                                         dalam kejahatan keuangan.        implemented this
                                                              decisions.                     Company. The number of                                                                          The Board of Directors           recommendation.
                                                                                             members of the Company’s                                                                        has a policy regarding the
                                                                                             Board of Directors is 4                                                                         resignation of members
                                                                                             people as of December                                                                           of the Board of Directors if
                                                                                             2021 in accordance with the                                                                     they are involved in financial
                                                                                             provisions and has taken                                                                        crimes.
                                                                                             into account the needs and       4. Partisipasi Pemangku       7. Meningkatkan aspek            1. Perseroan Terbuka             Perseroan telah
                                                                                             conditions of the Company.       Kepentingan                   Tata Kelola Perseroan            memiliki kebijakan untuk         menjalankan rekomendasi
                                                              2. Penentuan komposisi         Rekomendasi ini sudah            Stakeholder Participation     melalui partisipasi              mencegah terjadinya              ini.
                                                              anggota Direksi                dilaksanakan Perseroan.                                        Pemangku Kepentingan.            insider trading.                 The Company has
                                                              memperhatikan                  This recommendation has                                        Improve aspects of               The Public Company has           implemented this
                                                              keberagaman keahlian,          been implemented by the                                        Corporate Governance             a policy to prevent insider      recommendation.
                                                              pengetahuan dan                Company.                                                       through Stakeholder              trading.
                                                              pengalaman yang                                                                               participation.
                                                              dibutuhkan.                                                                                                                    2. Perseroan Terbuka             Perseroan telah
                                                              The determination of                                                                                                           memiliki kebijakan anti          menjalankan rekomendasi
                                                              the composition of the                                                                                                         korupsi dan anti fraud.          ini.
                                                              members of the Board of                                                                                                        The Public Company has an        The Company has
                                                              Directors takes into account                                                                                                   anti-corruption and anti-        implemented this
                                                              the diversity of expertise,                                                                                                    fraud policy.                    recommendation.
                                                              knowledge and experience
                                                              required.

PT Bukit Uluwatu Villa Tbk                                124                           Laporan Tahunan 2021 Annual Report   Annual Report 2021 Laporan Tahunan                         125                                         PT Bukit Uluwatu Villa Tbk
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  Tata Kelola Perusahaan | Corporate Governance                                                                                                                                                       Tata Kelola Perusahaan | Corporate Governance




 Penerapan GCG Perseroan (per 31 Desember 2021)                                                                                Penerapan GCG Perseroan (per 31 Desember 2021)
 Implementation of the Company’s GCG (as of 31 December 2021)                                                                  Implementation of the Company’s GCG (as of 31 December 2021)
                                                                                                  Kepatuhan Perseroan                                                                                                     Kepatuhan Perseroan
             Aspek                         Prinsip                Rekomendasi                    (Per 31 Desember 2021)                  Aspek                       Prinsip                   Rekomendasi               (Per 31 Desember 2021)
             Aspect                       Principle              Recommendation                   Company Compliance                     Aspect                     Principle                 Recommendation              Company Compliance
                                                                                                (As of 31 December 2021)                                                                                                (As of 31 December 2021)
                                                            3. Perseroan Terbuka               Rekomendasi ini sudah                                                                   2. Laporan Tahunan              Rekomendasi ini sudah
                                                            memiliki kebijakan tentang         dilaksanakan Perseroan                                                                  Perseroan Terbuka               dilaksanakan Perseroan
                                                            seleksi dan peningkatan            sesuai dengan peraturan                                                                 mengungkapkan pemilik           sesuai dengan peraturan
                                                            kemampuan pemasok atau             yang berlaku.                                                                           manfaat akhir dalam             yang berlaku.
                                                            vendor.                            This recommendation has                                                                 kepemilikan saham               This recommendation has
                                                            The Public Company has             been implemented by the                                                                 Perseroan Terbuka               been implemented by the
                                                            a policy regarding the             Company in accordance                                                                   paling sedikit 5%, selain       Company in accordance
                                                            selection and capacity             with applicable regulations.                                                            pengungkapan pemilik            with applicable regulations.
                                                            building of suppliers or                                                                                                   manfaat akhir dalam
                                                            vendors.                                                                                                                   kepemilikan saham
                                                            4.Perseroan Terbuka                Rekomendasi ini sudah                                                                   Perseroan Terbuka melalui
                                                            memiliki kebijakan tentang         dilaksanakan Perseroan                                                                  Pemegang Saham Utama
                                                            pemenuhan hak-hak                  sesuai dengan peraturan                                                                 dan Pengendali.
                                                            kreditur.                          yang berlaku.                                                                           The Public Company’s
                                                            The Public Company has             This recommendation has                                                                 Annual Report discloses the
                                                            a policy regarding the             been implemented by the                                                                 ultimate beneficial owner in
                                                            fulfilment of creditors’ rights.   Company in accordance                                                                   the Public Company’s share
                                                                                               with applicable regulations.                                                            ownership of at least 5%, in
                                                                                                                                                                                       addition to the disclosure
                                                            5.Perseroan Terbuka                Rekomendasi ini sudah                                                                   of the final beneficial owner
                                                            memiliki kebijakan                 dilaksanakan Perseroan.                                                                 in the Public Company’s
                                                            Whistleblowing System.             This recommendation has                                                                 share ownership through
                                                            The Public Company has             been implemented by the                                                                 the Major and Controlling
                                                            a Whistleblowing System            Company.                                                                                Shareholders.
                                                            policy.
                                                            6. Perseroan Terbuka               Perseroan belum memiliki
                                                            memiliki kebijakan                 kebijakan pemberian
                                                            pemberian insentif jangka          insentif jangka panjang
                                                            panjang kepada Direksi dan         kepada Direksi dan
                                                            Karyawan.                          Karyawan.
                                                            The Public Company has a           The Company does not yet
                                                            policy of providing long-term      have a policy of providing
                                                            incentives to the Board of         long-term incentives to
                                                            Directors and Employees.           the Board of Directors and
                                                                                               Employees.
 5. Keterbukaan Informasi       8. Meningkatkan             1. Perseroan Terbuka               Rekomendasi ini sudah
 Information Disclosure         pelaksanaan Keterbukaan     memanfaatkan penggunaan            dilaksanakan Perseroan.
                                Informasi                   Teknologi Informasi secara         This recommendation has
                                Improving the               lebih luas selain situs web        been implemented by the
                                implementation of           sebagai media Keterbukaan          Company.
                                Information Disclosure      Informasi.
                                                            The Public Company utilizes
                                                            the use of Information
                                                            Technology more broadly
                                                            than the website as a
                                                            medium for Information
                                                            Disclosure.




PT Bukit Uluwatu Villa Tbk                                126                            Laporan Tahunan 2021 Annual Report   Annual Report 2021 Laporan Tahunan                   127                                       PT Bukit Uluwatu Villa Tbk
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                                                                                                                                                         Laporan Keberlanjutan | Sustainability Report




07                                                                      Strategi Keberlanjutan
                                                                        Sustainability Strategy


                                                                        [A.1]                                                             [A.1]
                                                                        Perseroan berkomitmen untuk menjadi pengembang                    It is the Company’s commitment to becoming a leading
                                                                        hotel dan resor terkemuka dengan layanan standar dunia            hotel and resort developer that provide an eco-friendly
                                                                        yang ramah lingkungan. Untuk merealisasikannya, kami              world-standard service. To realize this, we have developed
                                                                        membangun prinsip keberlanjutan ekonomi yang disinergikan         a principle of economic sustainability which is synergized
                                                                        dengan prinsip keberlanjutan sosial dan lingkungan.               with the principle of social and environmental sustainability.

                                                                        Melalui penerapan strategi keberlanjutan dengan menjaga           The implementation of the sustainability strategy is carried
                                                                        keseimbangan pada triple bottom line yaitu people, planet, dan    out by maintaining the balance on the triple bottom line,
                                                                        profit, kami ingin memastikan kelangsungan usaha Perseroan        namely people, planet, and profit. We want to ensure the
                                                                        dalam jangka panjang dan mendukung pencapaian Tujuan              continuity of the Company’s business in the long term and
                                                                        Pembangunan Berkelanjutan (Sustainable Development                support the achievement of the Sustainable Development
                                                                        Goals/SDGs).                                                      Goals (SDGs).

                                                                        Pada aspek ekonomi, Perseroan terus mengembangkan                 In the economic aspect, the Company continues to develop
                                                                        inovasi produk, meningkatkan kualitas layanan serta               product innovations, improve service quality and optimize
                                                                        mengoptimalkan aset yang dimiliki untuk menjaga tingkat           its assets to maintain productivity levels. We also continue
                                                                        produktivitas. Kami juga terus berupaya meningkatkan nilai        to strive to increase added value for shareholders.
                                                                        tambah bagi para pemegang saham.

                                                                        Pada aspek lingkungan, Perseroan berupaya untuk mengelola         On the environmental aspect, the Company strives to
                                                                        kegiatan operasional dan mengukur dampak terhadap                 manage operational activities and measure the impact on
                                                                        lingkungan sekitar dan memulai inisiatif untuk menggunakan        the surrounding environment and initiate initiatives to use
                                                                        peralatan elektronik rendah emisi, meningkatkan kontrol           low-emission electronic equipment, improve the control
                                                                        dan pemantauan untuk mengurangi konsumsi sumber daya              to reduce resource consumption (water, gas, electricity).
                                                                        (air, gas, listrik). Perseroan telah memiliki sertifikasi CHSE    The Company has CHSE (Cleanliness, Health, Safety and
                                                                        (Cleanliness, Health, Safety and Environmental Sustainability).   Environmental Sustainability) certificate. All of the Company’s
                                                                        Seluruh produk Perseroan telah ramah lingkungan.                  products are environmentally friendly.

                                                                        Sementara pada aspek sosial, Perseroan terus berupaya             Meanwhile, on the social aspect, the Company continues to
                                                                        meningkatkan harmonisasi dan kolaborasi dengan pemangku           strive to improve harmonization and collaboration with other
                                                                        kepentingan lain termasuk karyawan, masyarakat sekitar            stakeholders including employees, communities around the
                                                                        hotel dan resor dan para pelanggan. Penguatan aspek sosial        hotels and resorts and customers. Strengthening the social
                                                                        akan mendukung kelancaran bisnis Perseroan.                       aspects will smoothen the Company’s business.


                                                                                               Uraian Description                                2021                 2020                  2019



Laporan Keberlanjutan
                                                                         Aspek Ekonomi [B.1]
                                                                         Economic Aspect [B.1]
                                                                         Produksi (unit)
                                                                                                                                                   8                    8                     8
Sustainability Report
                                                                         Production (units)
                                                                         Pendapatan (Rp miliar)
                                                                                                                                                   61                  68                  612,70
                                                                         Revenue (IDR billion)
                                                                         Laba (Rugi) Bersih (Rp jutaan)
                                                                                                                                                 (361)               (1.189)               (113)
                                                                         Net Profit (Loss) (IDR million)
                                                                         Pemasok Lokal
                                                                                                                                                 100%                 100%                 100%
                                                                         Local Supplier
                                                                         Aspek Lingkungan Hidup [B.2]
                                                                         Environmental Aspects [B.2]




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    Laporan Keberlanjutan | Sustainability Report                                                                                                                                                              Laporan Keberlanjutan | Sustainability Report




                                                                                                                       Penjelasan Direksi
                                                                                                                       Explanation From the Board of Directors


                        Uraian Description                      2021               2020                2019
 Hotel/Resor Hotel/Resort
 Konsumsi Listrik (GigaJoules/GJ)
                                                            7.293.774.536      8.998.763.454            —
 Electricity Consumption (GigaJoules/GJ)
 Intensitas Listrik perkaryawan (GJ/karyawan)
                                                             395.741.550        499.284.743             —
 Electricity Consumption per employee (GJ/employee)
 Aspek Sosial [B.3]
 Social Aspect [B.3]
                                                                                                                                                                                  Franky Tjahyadikarta
 Pengelolaan SDM HR Management                                                                                                                                                    Direktur Utama | President Director
 Jumlah Karyawan
                                                                 408                434                482
 Number of Employees
 Program Sosial Kemasyarakatan Social Community Program
 Biaya Pelaksanaan Program (Rp juta)
                                                                  49                 49                924
 Cost of the Program (IDR million)




Profil Perusahaan                                                                                                      [D.1]
                                                                                                                       Perseroan sebagai pengembang hotel dan resor terkemuka
                                                                                                                                                                                           [D.1]
                                                                                                                                                                                           The Company as a leading hotel and resort developer in
Company Profile                                                                                                        di Indonesia terus mengembangkan nilai-nilai keberlanjutan          Indonesia continues to develop sustainable values, namely
                                                                                                                       yaitu inovasi, kolaborasi, profesional dan integritas, untuk        innovation, collaboration, professionalism and integrity,
                                                                                                                       memberikan layanan berkualitas terhadap pengunjung hotel.           to provide quality services to all of the hotel guests. The
Profil Perusahaan [C.1] – [C.6]                           Company Profile [C.1] – [C.6]                                Internalisasi nilai-nilai keberlanjutan terhadap seluruh elemen     internalization of sustainability values to all elements of the
Pembahasan mengenai Profil Perusahaan terdapat dalam      The discussion of the Company Profile can be found in the    Perseroan telah menjadi budaya kerja yang memperkokoh               Company has become a work culture that strengthens the
bagian Profil Perusahaan dalam Laporan Tahunan ini.       Company Profile section of this Annual Report.               kelangsungan usaha Perseroan.                                       Company’s business sustainability.

                                                                                                                       Dalam menjalankan bisnis Perseroan senantiasa memegang              In running the business, the Company always adheres to the
                                                                                                                       teguh pada kode etik yang menjadi panduan setiap individu           code of ethics that guides every individual and management
                                                                                                                       dan manajemen dalam berperilaku baik di dalam maupun di             both inside and outside the work environment. The consistent
                                                                                                                       luar lingkungan kerja. Pelaksanaan nilai, budaya kerja, dan         implementation of values, work culture and code of ethics
                                                                                                                       kode etik yang konsisten akan berdampak terhadap reputasi           will have an impact on the Company’s reputation which must
                                                                                                                       Perseroan di hadapan pengunjung maupun pemangku                     be maintained for the sake of guests and other stakeholders.
                                                                                                                       kepentingan lain.

                                                                                                                       Perseroan menyadari dalam mengelola bisnis hotel dan resor          The Company realizes that managing the hotel and resort
                                                                                                                       berpotensi menimbulkan masalah sosial dengan lingkungan             business has the potential to cause social problems with
                                                                                                                       maupun masyarakat sekitar. Oleh karena itu, Perseroan               the environment and the surrounding community. Therefore,
                                                                                                                       senantiasa merealisasikan komitmen membangun kehidupan              the Company always implements its commitment to build a
                                                                                                                       yang harmonis dengan masyarakat lokal dan lingkungan                harmonious life with the local community and the surrounding
                                                                                                                       sekitar antara lain melalui dukungan kebudayaan, kegiatan           environment, through cultural support, religious activities,
                                                                                                                       keagamaan, kesehatan masyarakat dan perlindungan                    public health and environmental protection.
                                                                                                                       lingkungan.

                                                                                                                       Manajemen bertekad untuk mendukung tercapainya                      The Management is determined to achieve the Sustainable
                                                                                                                       Tujuan Pembangunan Berkelanjutan (SDGs). Perseroan                  Development Goals (SDGs). The Company also supports
                                                                                                                       juga mendukung program pemerintah di bidang sosial dan              government’s social and environmental programs to preserve
                                                                                                                       lingkungan hidup untuk menjaga kelestarian alam. Hal ini            nature. This is proven by implementing the concept of
                                                                                                                       dibuktikan dengan konsep pengembangan hotel dan resor               developing environmentally friendly hotels and resorts
                                                                                                                       ramah lingkungan melalui penggunaan kayu-kayu daur ulang            through the use of recycled wood for building materials,
                                                                                                                       untuk bahan bangunan, pengelolaan air hujan, kolam renang           rainwater management, seawater swimming pools, and
                                                                                                                       air laut, dan penanganan limbah yang baik.                          managing the waste.




PT Bukit Uluwatu Villa Tbk                            130                         Laporan Tahunan 2021 Annual Report   Annual Report 2021 Laporan Tahunan                            131                                              PT Bukit Uluwatu Villa Tbk
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    Laporan Keberlanjutan | Sustainability Report                                                                                                                                                             Laporan Keberlanjutan | Sustainability Report




Properti Perseroan yaitu Alila Villas Uluwatu merupakan hotel   Alila Villas Uluwatu, is the first hotel in Bali to receive       utama seperti energi dan konsumsi air, produksi sampah       key indicators such as energy and water consumption, total
pertama di Bali yang menerima sertifikasi Environmentally       Environmentally Sustainable Design (ESD) certification and        total dan komitmen masyarakat.                               waste production and community commitment.
Sustainable Design (ESD) dan juga melampaui persyaratan         also exceeds green globe requirements. They also synergize
green globe. Bersinergi dengan perusahaan lokal pembuangan      with local waste disposal companies to sort, reuse and            Properti Perseroan juga memperoleh CHSE Certified dari       The Company’s property also obtained CHSE Certified from
sampah untuk disortir, digunakan kembali, didaur ulang dan      recycle the waste and sent it to landfill.                        Kementerian Pariwisata dan Ekonomi Kreatif. Selain itu,      the Ministry of Tourism and Creative Economy. In addition,
dikirim ke Tempat Pembuangan Akhir (TPA).                                                                                         Perseroan berpartisipasi dalam Earth Day dengan menanam      the Company participated in Earth Day by planting trees in
                                                                                                                                  pohon di kebun hotel dan mematikan listrik di siang hari.    the hotel garden and turning off the electricity during the day.
Alila Ubud, bergabung dalam Bali Recycling – manajemen          Alila Ubud, joined Bali Recycling –management of
standarisasi penanganan dan pembuangan sampah                   standardization of handling and disposing the recycled            Di bidang sosial, Perseroan mendukung kegiatan keagamaan,    In the social sector, the Company supports religious, sports
daur ulang. Kegiatan berkelanjutan prosedur manajemen           waste. As part of the EarthCheck Compliance program, the          keolahragaan, sosial kemasyarakatan untuk masyarakat         and social activities in the surrounding communities of the
penanganan sampah harian sebagai bagian dari program            company also carries out sustainable waste management             sekitar hotel dan resor Perseroan. Selain itu, membagikan    hotels and resorts. In addition, we also provide meals for
EarthCheck Compliance. Berkolaborasi dengan Saraswati           procedures. Collaborated with Saraswati Foundation, the           nasi box pada peserta program vaksinasi di Belimbing Sari    the participants in the vaccination program in Belimbing
Foundation, yayasan wanita pendaur ulang kertas menjadi         women’s foundation that recycles paper into postcards, menu       dan Pecatu, Bali.                                            Sari and Pecatu, Bali.
kartu pos, kartu menu, dan kartu ucapan untuk promosi Alila     cards, and greeting cards to promote Alila Living Boutique.
Living Boutique.

Sementara Alila Manggis, telah bekerja sama dengan              Meanwhile, Alila Manggis, has collaborated with the Trash
organisasi Trash Hero untuk mengumpulkan sampah                 Hero organization to collect plastic waste. Alila Manggis
pelastik. Alila Manggis telah mencapai Gold-Sertifikat dengan   has achieved Gold-Certificate from EarthCheck, a globally
EarthCheck, pengelolaan lingkungan yang diakui secara           recognized environmental management and benchmarking                                                               Jakarta, 1 Juli 2023
global dan program benchmarking, yang mengukur indikator        program, which measures key indicators such as energy and                                                         Jakarta, July 1st 2023
utama seperti energi dan konsumsi air, produksi sampah          water consumption, total waste production and community
total dan komitmen masyarakat.                                  commitment.                                                                                                       Atas Nama Direksi
                                                                                                                                                                           On behalf of the Board of Directors,
Selain itu, sejak tahun 2018 kami bergabung dengan              In addition, we have since 2018 joined the International
International Coastal Cleanup (ICC) di bawah naungan Bali       Coastal Cleanup (ICC) as the zone leader in East Bali under                                                    PT Bukit Uluwatu Villa Tbk,
Hotel Association dan Perseroan sebagai pemimpin zona           Bali Hotel Association.
untuk Bali Timur.

Pencapaian Kinerja Keberlanjutan                                Achievements of Sustainability Performance
Sepanjang tahun 2021, bisnis Perseroan menghadapi               Throughout 2021, the Company has faced considerable
tantangan yang cukup besar karena pandemic Covid-19             challenges due to the ongoing Covid-19 pandemic.
yang belum usai. Pembatasan mobilitas individu masih            Restrictions on individual mobility are still implemented                                                          Franky Tjahyadikarta
berlangsung meski menjelang akhir tahun mulai ada kebijakan     even though towards the end of the year the policy is getting                                               Direktur Utama | President Director
pelonggaran menyusul menurunnya jumlah kasus aktif.             lighter, following the decline in the number of Covid-19 cases.

Industri perhotelan bintang lima, khususnya di Bali,            The five-star hotel industry, especially in Bali, has shown
menunjukan penurunan. Hal ini terutama disebabkan               a decline. This is mainly due to the decreasing number
berkurangnya kunjungan wisatawan mancanegara (wisman)           of foreign tourists, which have been the main target. The
yang selama ini menjadi target pasar utama. Hotel dan resor     Company’s hotels and resorts also experienced a decrease
Perseroan pun mengalami penurunan tingkat okupansi.             in occupancy rates.

Dalam kondisi yang penuh tantangan tersebut, Perseroan          Due to such challenging conditions, the Company
melakukan efisiensi biaya untuk menekan biaya operasional.      implemented cost efficiency to reduce operational costs. In
Selain itu, Perseroan mengalihkan target pasar kepada           addition, the Company shifted its target market to domestic
wisatawan domestik. Kegiatan promosi pun tetap digencarkan      tourists. Promotional activities were also conducted, mainly
utamanya melalui media sosial dan database eksisting.           through social media and existing databases. In terms of
Dari sisi kinerja, pada aspek ekonomi Perseroan mencatat        performance, on the economic aspect, the Company recorded
pendapatan sebesar Rp61,42 miliar, menurun sebesar 9,55%        revenue of IDR61,42 billion, compared to 2020 it was an
dari tahun 2020 senilai Rp67,90 miliar. Rugi bersih tercatat    decrease by 9,55% or in the amount of IDR67,90 billion. Loss
sebesar Rp361,01 miliar, menurun dari tahun 2020 sebesar        was recorded at IDR361,01 billion, compared to 2020 it was
Rp1.189,60 miliar.                                              an decrease of IDR1.189,60 billion.

Dalam aspek lingkungan, salah satu properti Perseroan           In the environmental aspect, one of the Company’s properties,
yaitu Alila Manggis telah mencapai Gold-Sertifikat dengan       namely Alila Manggis, has achieved a Gold-Certificate
EarthCheck, pengelolaan lingkungan yang diakui secara           from EarthCheck, a globally recognized environmental
global dan program benchmarking, yang mengukur indikator        management and benchmarking program, which measures




PT Bukit Uluwatu Villa Tbk                                  132                           Laporan Tahunan 2021 Annual Report      Annual Report 2021 Laporan Tahunan                       133                                       PT Bukit Uluwatu Villa Tbk
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    Laporan Keberlanjutan | Sustainability Report                                                                                                                                                                 Laporan Keberlanjutan | Sustainability Report




Tata Kelola Keberlanjutan
Sustainability Governance


Sesuai dengan POJK Nomor 51/POJK.03/2017 tentang                 Pursuant to POJK Number 51/POJK.03/2017 concerning the           Selain risiko inheren pada bisnis Perseroan, terdapat risiko-    Other than the inherent risks to the Company’s business,
Penerapan Keuangan Berkelanjutan Bagi Lembaga Jasa               Implementation of Sustainable Finance for Financial Service      risiko yang berkaitan dengan aspek keberlanjutan termasuk        there are risks related to sustainability aspects including
Keuangan, Emiten, Dan Perusahaan Publik, Perseroan               Institutions, Issuers, and Public Companies, the Company is      aspek sosial dan lingkungan. Perseroan menilai, risiko atas      social and environmental aspects. The Company assessed
berkomitmen untuk menerapkan tata kelola keberlanjutan           committed to implement sustainable governance by taking          penerapan aspek keberlanjutan masih terkendali. Perseroan        that the risk of implementing the sustainability aspect is
dengan memperhatikan aspek ekonomi, lingkungan dan               into account economic, environmental and social aspects.         terus berupaya untuk melakukan beragam inisiatif yang            still under control. The Company continues to strive to carry
sosial. Perseroan mempraktikan prinsip-prinsip GCG yaitu         The Company practices the principles of GCG, namely              berkaitan dengan aspek sosial dan lingkungan untuk menjaga       out various initiatives related to social and environmental
transparansi, akuntabel, bertanggung jawab, independen,          transparency, accountability, responsibility, independence,      kondusivitas dan meningkatkan kesejahteraan masyarakat           aspects to maintain conduciveness and improve the welfare
dan kewajaran dalam operasional bisnis. Perseroan juga           and fairness in business operations. The Company also            sekitar lokasi properti Perseroan dan menjaga kelestarian        of the community around the Company and preserve nature.
berupaya mengelola dampak kegiatan usahanya sesuai               strives to manage the impact of its business activities in       alam.
dengan ESG (Environmental, Social, dan Governance) melalui       accordance with ESG (Environmental, Social, and Governance)
pelaksanaan program-program kegiatan CSR di bidang               through the implementation of CSR activity programs in the       Tantangan Penerapan Aspek Keberlanjutan                          Challenges of Implementing Sustainability Aspects
lingkungan dan sosial.                                           environmental and social aspects.
                                                                                                                                  [E.5]                                                            [E.5]
                                                                                                                                  Perseroan menghadapi tantangan baik yang bersumber               The Company faces challenges from both internal and external
Struktur Tata Kelola Keberlanjutan                               The Structure of Sustainability Governance                       dari internal maupun eksternal dalam menerapkan prinsip-         sources in implementing the principles of sustainability. From
                                                                                                                                  prinsip keberlanjutan. Dari sisi internal, disebabkan masih      the internal side, this is due to the limited understanding of
[E.1]                                                            [E.1]                                                            terbatasnya pemahaman karyawan akan pentingnya aspek             employees on the importance of sustainability aspects; the
Perseroan memiliki struktur tata kelola berkelanjutan agar       The Company has a sustainable governance structure               keberlanjutan dan masih terbatasnya program serta alternatif     program and the measurement of the impact on social and
pelaksanaan strategi keberlanjutan berjalan dengan efisien       so that the implementation of the sustainability strategy        pengukuran dampak terkait aspek sosial dan lingkungan.           environmental is also still limited.
dan efektif. Aspek yang berkaitan dengan lingkungan dan          runs efficiently and effectively. Aspects related to the
sosial dikelola oleh beberapa divisi yang melakukan inisiatif    environment and social are managed by several divisions          Untuk mengatasi tantangan tersebut, Perseroan                    To overcome these challenges, the Company engages its
keberlanjutan terutama terkait dengan aspek lingkungan,          that carry out sustainability initiatives, especially those      mengikutsertakan karyawan dalam berbagai kegiatan                employees in various competency development activities,
ketenagakerjaan, dan pengembangan masyarakat.                    related to environmental, labor and community development        pengembangan kompetensi, khususnya terkait aspek                 particularly related to the sustainability aspect. The
Sekretaris Perusaaan mengoordinir divisi-divisi tersebut         aspects. The Corporate Secretary coordinates the divisions       keberlanjutan. Perseroan juga terlibat dalam berbagai            Company is also involved in various associations related
dalam melaksanakan inisiatif keberlanjutan dan melaporkan        in implementing sustainability initiatives and reports the       asosiasi yang terkait dengan keuangan berkelanjutan baik         to sustainable finance both at national and international
hasilnya kepada Direktur Utama. Sekretaris Perusahaan juga       results to the President Director. The Corporate Secretary       di tingkat nasional maupun internasional. Dari sisi eksternal,   levels. From the external side, challenges come from the
memberikan arahan secara garis besar dalam pelaksanaan           also provides general direction in the implementation of         tantangan bersumber dari perubahan kebijakan pemerintah          changes in government policies or related institutions
inisiatif keberlanjutan. Perseroan juga memiliki Komite          sustainability initiatives. The Company also has a Business      atau lembaga/ institusi terkait yang berpotensi memengaruhi      that have the potential to affect business activities. In
Keberlanjutan Usaha yang berada di bawah Direksi.                Sustinability Committee under the Board of Directors.            aktivitas bisnis. Dalam mengatasi tantangan ini, Perseroan       overcoming these challenges, the Company continues to
                                                                                                                                  senantiasa mengikuti perkembangan peraturan serta                follow regulatory developments and ensures compliance
            Aspek                                               Divisi Penanggung Jawab                                           memastikan pemenuhannya dengan melakukan penyesuaian,            by making adjustments, if necessary.
            Aspect                                              Division of Person in Charge                                      apabila diperlukan.

            Lingkungan                                          Sekretaris Perusahaan                                             Pengembangan Kompetensi Terkait Aspek Keberlanjutan              Competency Development Regarding Sustainability Aspects
            Environment                                         Company Secretary
            Ketenagakerjaan                                     Divisi SDM                                                        [E.2]                                                            [E.2]
            Employment                                          HR Division                                                       Perseroan berkomitmen untuk terus meningkatkan                   The Company is committed to continuously improve employee
                                                                                                                                  kompetensi karyawan melalui beragam program pelatihan            competencies through various training programs according
            Pengembangan Masyarakat                             Sekretaris Perusahaan
                                                                                                                                  sesuai dengan kebutuhan dan tantangan yang dihadapi.             to the needs and challenges that they face. However, due to
            Community Development                               Company Secretary
                                                                                                                                  Namun demikian, karena dampak pandemi Covid-19 yang              the impact of the Covid-19 pandemic, which puts considerable
                                                                                                                                  memberi tekanan cukup besar terhadap bisnis Perseroan            pressure on the Company’s business, the Company will cancel
Penilaian Risiko Atas Penerapan Aspek Keberlanjutan              Risk Assessment on the Implementation of Sustainability          meniadakan program pengembangan kompetensi pada                  the competency development program in 2021.
                                                                 Aspects                                                          tahun 2021.

[E.3]                                                            [E.3]                                                            Pelibatan Para Pemangku Kepentingan                              Stakeholder Engagement
Perseroan menghadapi beragam risiko dalam menjalankan            The Company faces various risks in carrying out its business
kegiatan usaha. Untuk mengidentifikasi, mengelola dan            activities. To identify, manage and mitigate the risks that      [E.4]                                                            [E.4]
memitigasi risiko-risiko yang timbul dalam mengelola usaha       arise in managing the Company’s business, the Company            Terdapat 6 (enam) pemangku kepentingan utama dalam               There are 6 (six) main stakeholders in this report consisting
Perseroan memiliki sistem manajemen risiko. Pembahasan           has a risk management system. The discussion on risk             laporan ini yang terdiri dari pemegang saham, karyawan,          of shareholders, employees, regulators, communities,
mengenai manajemen risiko telah diulas pada bagian Tata          management has been reviewed in the Good Corporate               regulator, masyarakat, pelanggan, dan mitra kerja. Adapun        customers, and business partners.
Kelola Perusahaan Yang Baik dalam Laporan Tahunan ini.           Governance section of this Annual Report.                        metode dan frekuensi pelibatan pemangku kepentingan              The methods and frequency of stakeholder engagement
                                                                                                                                  sebagai berikut:                                                 are as follows:
Setiap risiko yang mungkin timbul dalam pengeloaan usaha         Every risk that may arise in business management is
dibahas antar Divisi secara berkala. Selanjutnya hasil           discussed among all Divisions on a regular basis. Furthermore,
pembahasan internal tersebut disampaikan kepada Direksi          the results of the internal discussion are submitted to the
dalam rapat Direksi. Kemudian Direksi akan memberikan            Board of Directors in the Board of Directors meeting. Then
arahan, dan memutuskan langkah-langkah yang perlu                the Board of Directors will provide direction, and decide the
dilakukan dalam mengelola risiko.                                steps that need to be taken in managing the risk.


PT Bukit Uluwatu Villa Tbk                                  134                            Laporan Tahunan 2021 Annual Report     Annual Report 2021 Laporan Tahunan                           135                                       PT Bukit Uluwatu Villa Tbk
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    Laporan Keberlanjutan | Sustainability Report                                                                                                                                                    Laporan Keberlanjutan | Sustainability Report




                                                                                                                        Tata Kelola Keberlanjutan
                                                                                                                        Sustainability Governance


                Pemangku Kepentingan                               Metode                  Frekuensi                    Perseroan berkomitmen untuk menjaga berkelanjutan usaha       The Company is committed to maintain business
                    Stakeholders                                   Method                  Frequency                    dalam aspek ekonomi dengan meningkatkan nilai bagi para       sustainability in the economic aspect by increasing value
                                                                                                                        pemegang saham melalui pertumbuhan bisnis.                    for shareholders through business growth.
        Pemegang Saham                              RUPS                            Tahunan
        Shareholders                                GMS                             Annually                            Topik Material:                                               The Topics:
                                                    Laporan Tahunan                 Tahunan                             • Kinerja Keuangan                                            • Financial performance
                                                    Annual Report                   Annually
                                                    Laporan Triwulanan              Triwulanan                          Target dan Perkembangan [F.3]                                 Goals and Progress [F.3]
                                                    Quarterly Report                Quarterly
                                                    Konferensi Pers                 Kondisional
                                                    Press Conference                Conditional                                                                  Kinerja Keuangan Financial performance
                                                    Analis Meeting                  Kondisional                                                    Dalam Rp Jutaan                                           In Million Rp
                                                    Analyst Meeting                 Conditional
                                                                                                                                                                Uraian                          Realisasi
        Regulator                                   Laporan Tahunan                 Tahunan                                                                   Description                      Realization
        Regulators                                  Annual Report                   Annually
                                                                                                                                                   Aset
                                                    Laporan Bulanan                 Bulanan                                                                                                                  1.862.859
                                                                                                                                                   Asset
                                                    Monthly Report                  Monthly
                                                                                                                                                   Pendapatan
                                                    Laporan Triwulanan              Triwulanan                                                                                                                  61.422
                                                                                                                                                   Revenue
                                                    Quarterly Report                Quarterly
                                                                                                                                                   Laba (Rugi) Bersih
        Karyawan                                    Pendidikan dan Pelatihan        Kondisional                                                                                                              (361.012)
                                                                                                                                                   Net Profit (Loss)
        Employees                                   Education and Training          Conditional
                                                    Gathering                       Kondisional
                                                    Gathering                       Conditional
        Pelanggan                                   Customer Gathering              Kondisional                          Nilai Ekonomi Yang Diperoleh Dan Didistribusikan
        Customers                                                                   Conditional                          Generated and Distributed Economic Value
                                                    Survei Kepuasan Pelanggan       Kondisional                          Dalam Rp Jutaan                                                                                                   In Million Rp
                                                    Customer Satisfaction Survey    Conditional
                                                                                                                                              Uraian Description                             2021                  2020                  2019
                                                    Layanan Purna Jual              Kondisional
                                                                                                                         Nilai Ekonomi Yang Dihasilkan
                                                    After Sales Service             Conditional
                                                                                                                         Generated Economic Value
                                                    Mekanisme Pengaduan             Kondisional
                                                                                                                         Pendapatan
                                                    File Complaint Mechanism        Conditional                                                                                                  61.422                  67.906             612.705
                                                                                                                         Revenue
        Mitra Kerja/Vendor/Supplier                 Mekanisme Pengadaan             Kondisional
                                                                                                                         Jumlah Ekonomi Yang Dihasilkan (A)
        Partners/Vendors/Suppliers                  Procurement Mechanism           Conditional                                                                                                  61.422                  67.906             612.705
                                                                                                                         Total of Generated Economic Value
                                                    Pertemuan Koordinasi            Kondisional
                                                                                                                         Nilai Ekonomi Yang Didistribusikan
                                                    Coordination Meeting            Conditional
                                                                                                                         Distributed Economic Value
                                                    Evaluasi Berkala                Kondisional
                                                                                                                         Beban Pokok Pendapatan
                                                    Periodic Evaluation             Conditional                                                                                                (27.460)                (36.220)           (266.534)
                                                                                                                         Cost of Revenue
                                                                                                                         Beban Manajemen dan Lisensi
                                                                                                                                                                                                (2.579)                  (2.678)            (36.025)
                                                                                                                         Management and Licensing Expense
                                                                                                                         Pembayaran Pajak Penghasilan
                                                                                                                                                                                                    (384)              (10.079)                 (586)
                                                                                                                         Income Tax
                                                                                                                         Biaya CSR
                                                                                                                                                                                                      49                     49              (2.350)
                                                                                                                         CSR Fee
                                                                                                                         Jumlah Nilai Ekonomi Yang Didistribusikan (B)
                                                                                                                                                                                               (30.472)                (49.026)           (305.495)
                                                                                                                         Total Economic Value Distributed (B)
                                                                                                                         Nilai Ekonomi Yang Ditahan (A-B)
                                                                                                                                                                                                 30.950                  18.880             307.210
                                                                                                                         Retained Economic Value (A-B)




PT Bukit Uluwatu Villa Tbk                                   136                   Laporan Tahunan 2021 Annual Report   Annual Report 2021 Laporan Tahunan                       137                                         PT Bukit Uluwatu Villa Tbk
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    Laporan Keberlanjutan | Sustainability Report                                                                                                                                                               Laporan Keberlanjutan | Sustainability Report




ASPEK LINGKUNGAN                                               ENVIRONMENTAL ASPECT                                             Upaya Efisiensi Energi                                           Energy Efficiency Efforts

[F.4]                                                          [F.4]                                                            [F.7]                                                            [F.7]
Komitmen terhadap lingkungan hidup merupakan satu              Commitment to the environment is visible as the Company’s        Untuk meningkatkan efisiensi energi listrik, Perseroan telah     To improve electrical energy efficiency, the Company has
bentuk nyata kepedulian Perseroan untuk menjalankan            concern to run a business that is environmentally friendly and   melakukan beragam upaya diantaranya:                             made various efforts including:
usaha yang ramah lingkungan dan menyatu dengan alam.           integrated with nature. The Company ensures that each of         • Menggunakan peralatan elektronikan dan mekanikal hemat         • Use energy-saving electronic and mechanical equipment;
Perseroan untuk memastikan setiap kegiatan operasional         its operational activities were equipped with environmental         energi;
telah dilengkapi dengan dokumen lingkungan sebagai acuan       documents as a reference for managing the environmental          • Mematikan lampu dan peralatan elektronik seperti AC di         • Turn off the lights and electronic equipment such as air
untuk mengelola dampak lingkungan yang dihasilkan.             impacts.                                                            ruangan yang tidak terpakai;                                    conditioners in unused rooms;
                                                                                                                                • Mendesain arsitektur bangunan yang minim penggunaan            • Design buildings that use minimal electrical energy.
Perseroan melalui indikator hotel dan resor yang dikelolanya   The Company through indicator of hotels and resorts has             energi listrik.
telah mendapatkan sertifikasi CHSE dari Kementerian            received CHSE certification from the Ministry of Tourism and
Pariwisata dan Ekonomi Kreatif. Selain itu, Perseroan juga     Creative Economy. In addition, the Company also obtained         Material                                                         Materials
memperoleh Gold-Sertifikat dari EarthCheck, pengelolaan        a Gold-Certificate from EarthCheck, a globally recognized
lingkungan yang diakui secara global dan program               environmental management and benchmarking program,               [F.5]                                                            [F.5]
benchmarking, yang mengukur indikator utama seperti energi     which measures key indicators such as energy and water           Perseroan mengembangkan hotel dan resor ramah lingkungan         The Company develops environmentally friendly hotels and
dan konsumsi air, produksi sampah total dan komitmen           consumption, total waste production and community                yang antara lain terlihat dari penggunaan kayu-kayu daur         resorts, which can be seen from the use of recycled wood
masyarakat.                                                    commitment.                                                      ulang untuk bahan bangunan. Selain itu, property Perseroan       for building materials. In addition, one of the Company’s
                                                                                                                                yaitu Alila Manggis telah bekerja sama dengan organisasi         properties, namely Alila Manggis, has collaborated with the
Pada tahun 2021, Perseroan telah mengeluarkan biaya            In 2021, the Company spent IDR xx for carrying out activities    Trash Hero untuk mengumpulkan sampah pelastik.                   Trash Hero organization to collect plastic waste.
sebesar Rpxx untuk melakukan kegiatan yang berkaitan           related to environmental aspects. The Company has a
dengan aspek lingkungan. Perseroan memiliki komitmen           commitment to remain an environmentally friendly hotel           Properti Perseroan yaitu Alila Villas Uluwatu, merupakan hotel   Alila Villas Uluwatu, is the first hotel in Bali to receive
untuk tetap menjadi pengelola hotel dan resor ramah            and resort.                                                      pertama di Bali yang menerima sertifikasi Environmentally        Environmentally Sustainable Design (ESD) certification
lingkungan.                                                                                                                     Sustainable Design (ESD) dan juga melampaui persyaratan          and also exceeds the green globe requirement. They also
                                                                                                                                green globe. Bersinergi dengan perusahaan lokal pembuangan       synergize with local waste disposal companies to sort, reuse
Topik Material:                                                The Topics:                                                      sampah untuk disortir, digunakan kembali, didaur ulang dan       and recycle the waste and sent it to landfill.
- Energi Listrik                                               - Electrical energy                                              dikirim ke Tempat Pembuangan Akhir (TPA).
- Konsumsi Air                                                 - Water Consumption
- Material                                                     - Materials                                                      Sementara Alila Ubud, bergabung dalam Bali Recycling –           Meanwhile, Alila Ubud, joined Bali Recycling – management
- Inisiatif Pelestarian Lingkungan Lainnya                     - Other Environmental Conservation Initiatives                   manajemen standarisasi penanganan dan pembuangan                 of standardization of handling and disposing the recycled
                                                                                                                                sampah daur ulang. Kegiatan berkelanjutan prosedur               waste. As part of the EarthCheck Compliance program, the
Energi                                                         Energy                                                           manajemen penanganan sampah harian sebagai bagian                company also carries out sustainable waste management
                                                                                                                                dari program EarthCheck Compliance. Berkolaborasi dengan         procedures. Collaborated with Saraswati Foundation, the
Jumlah Pemakaian Energi                                        Total Energy Usage                                               Saraswati Foundation, yayasan wanita pendaur ulang kertas        women’s foundation that recycles paper into postcards, menu
[F.6]                                                          [F.6]                                                            menjadi kartu pos, kartu menu, dan kartu ucapan untuk            cards, and greeting cards to promote Alila Living Boutique.
Sepanjang tahun 2021, jumlah pemakaian energi listrik          Throughout 2021, the amount of electricity consumption           promosi Alila Living Boutique.
(kantor pusat & hotel dan resor) sebesar xx GigaJoule (GJ),    (head office, hotels & resorts) was xx GigaJoule (GJ),
meningkat/menurun dari tahun 2020 sebesar xx GJ.               increasing/decreasing compare to 2020 which was xx GJ.           Air                                                              Water

                                                                                                                                Efisiensi Penggunaan Air                                         Water Use Efficiency

            Tabel Konsumsi Listrik                                                                                              [F.8]                                                            [F.8]
            Electricity Consumption Table                                                                                       Perseroan terus berupaya untuk meningkatkan efisiensi            The Company continues to strive to improve the efficiency of
                                                                                                                                konsumsi air baik di lingkungan kantor pusat maupun hotel        water consumption both in the head office environment as
                                   Uraian Description                            2021                2020
                                                                                                                                dan resor yang dikelolanya. Upaya yang dilakukan antara          well as the hotels and resorts. One of the efforts of saving
            Konsumsi Listrik (GigaJoules/GJ)                                                                                    lain melakukan kontrol secara berkala penggunaan air dan         the water is by periodically controlling the use of water and
                                                                            7.293.774.536       8.998.703.454
            Electricity Consumption (GigaJoules/GJ)                                                                             menggunakan peralatan yang hemat air.                            always uses water-saving equipment.




PT Bukit Uluwatu Villa Tbk                                 138                           Laporan Tahunan 2021 Annual Report     Annual Report 2021 Laporan Tahunan                           139                                       PT Bukit Uluwatu Villa Tbk
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    Laporan Keberlanjutan | Sustainability Report                                                                                                                                                           Laporan Keberlanjutan | Sustainability Report




                                                                                                                              Pelatihan dan Pengembangan SDM                                 HR Training and Development
                                                                                                                              [F.22]                                                         [F.22]
                                                                                                                              Perseroan berkomitmen dalam meningkatan kompetensi             The Company is committed to improve the competence of
                                                                                                                              seluruh karyawan melalui kegiatan pelatihan dan                all employees through training and development program.
                                                                                                                              pengembangan. Namun demikian, karena tekanan yang              However, due to the considerable pressure on the Company’s
            Tabel Konsumsi Air                                                                                                cukup besar terhadap operasional Perseroan sepanjang tahun     operations throughout 2021, it did not conduct training and
            Water Consumption Table                                                                                           2021 tidak melakukan pelatihan dan pengembangan SDM.           HR development.
                                   Uraian Description                         2021                 2020
            Konsumsi Air (m3)                                                                                                 Lingkungan Bekerja Yang Layak Dan Aman                         Decent and Safe Working Environment
                                                                          395.741.550         499.284.743                     [F.21]                                                         [F.21]
            Water Consumption (m3)
                                                                                                                              Perseroan menyadari lingkungan bekerja yang layak dan          The Company realizes that a proper and safe working
                                                                                                                              aman akan memengaruhi produktivitas karyawan. Perseroan        environment will affect employee’s productivity. The Company
                                                                                                                              menjamin lingkungan bekerja yang layak dan aman bagi           guarantees a decent and safe working environment for all
                                                                                                                              seluruh karyawan baik di lingkungan kantor pusat maupun        employees, in the head office and also hotels & resorts
Inisiatif Pelestarian Lingkungan Lainnya                    Other Environmental Conservation Initiatives                      hotel dan resor yang dikelola oleh Perseroan.                  managed by the Company.
• Berpartisipasi pada kegiatan Earth Day 2021 dengan        • Participate in Earth Day 2021 activities by planting in the
   melakukan penanaman di kebun hotel dan mematikan            hotel garden and turning off the electricity during the day.   Kesehatan dan Keselamatan Kerja                                Occupational Health and Safety
   listik di siang hari.                                                                                                      [F.21]                                                         [F.21]
• Sejak tahun 2018, tergabung dalam International Coastal   • Since 2018, we have joined the International Coastal            Perseroan menyediakan fasilitas perlindungan dari risiko       The Company provides protection facilities from any risk of
   Cleanup (ICC) di bawah naungan Bali Hotel Association      Cleanup (ICC) as the zone leader in East Bali under Bali        kecelakaan kerja yang dapat terjadi pada karyawan pada         working accidents that might occur while working at work
   dan Perseroan sebagai zone leader untuk Bali Timur.        Hotel Association.                                              saatu melakukan pekerjaan di tempat kerja ataupun saat         or conducting business outside the workplace. In addition,
                                                                                                                              melakukan dinas di luar tempat kerja. Selain itu, melengkapi   the company also strives to complement various facilities to
ASPEK SOSIAL                                                SOCIAL ASPECT                                                     berbagai fasilitas penunjang kinerja karyawan, termasuk        support employee performance, including employee health
Keuangan keberlanjutan aspek sosial terdiri dari            The social aspects of sustainable finance consist of              dalam hal kesehatan dan kesejahteraan karyawan.                and welfare.
ketenagakerjaan, masyarakat, dan pelanggan. Perseroan       employment, community, and customers. The Company
menjalin sinergi yang baik dengan karyawan dan masyarakat   establishes good synergy with employees and the community         Fasilitas Kesehatan dan Keselamatan Kerja (K3) yang            Occupational Health and Safety (K3) facilities provided by
serta mengutamakan layanan berkualitas kepada pelanggan     and prioritizes quality services to the customers of the hotels   disediakan oleh Perseroan diantaranya sebagai berikut:         the Company include the following:
hotel dan resor.                                            and resorts.                                                      • Mengikutserakan karyawan dan keluarganya dalam               • Involved the employees and their families in the health
Topik Material:                                             The Topics:                                                          program asuransi kesehatan yang diselenggarakan oleh           insurance program organized by BPJS Kesehatan
• Ketenagakerjaan                                           • Employment                                                         BPJS Kesehatan (karyawan dan keluarga);                        (employees and their families);
• Masyarakat                                                • Community                                                       • Melengkapi seluruh kantor operasional dan hotel yang         • Equipped all offices and hotels that the Company owned
• Produk dan Jasa                                           • Products and Services                                              dimiliki Perseroan dengan berbagai perangkat keselamatan       with various standard safety devices to anticipate the risk
                                                                                                                                 standar untuk mengantisipasi risiko kebakaran, gempa           of fire, earthquake, and other accidents;
Ketenagakerjaan                                             Employment                                                           bumi, dan kecelakaan kerja lainnya;
• Pengembangan Sumber Daya Manusia                          • Human Resource Development                                      • Menyelenggarakan simulasi dan pelatihan penanganan           • Conducted simulations and training in handling and
  Perseroan memiliki manajemen sumber daya manusia            The Company has human resource management (HR)                     dan evakuasi bencana alam atau kebakaran; dan                 evacuating when natural disasters or fires occurred; and
  (SDM) untuk memastikan kelangsungan usaha Perseroan.        to ensure the sustainability of the Company’s business.         • Sosialiasi melalui media internal Perseroan mengenai         • Socialization through the Company’s internal media
  Dalam mengelola SDM Perseroan senantiasa mematuhi           In managing human resources, the Company always                    pentingnya menjaga keselamatan diri saat bekerja dan          regarding the importance of maintaining personal safety
  peraturan dan perundang-undangan yang berlaku baik          complies with applicable laws and regulations related              kesehatan diri dari segala risiko penyakit.                   at work and personal health from any risks of disease.
  terkait dengan remunerasi karyawan, jam kerja, dan          to employee remuneration, working hours, and others.
  lainnya.                                                                                                                    Terkait penanggulangan Covid-19, Perseroan telah melakukan     Regarding the handling of Covid-19, the Company has carried
• Kesetaraan Kesempatan Bekerja                             • Equal Employment Opportunity                                    serangkaian kegiatan untuk memastikan kesehatan dan            out a series of activities to ensure the health and safety of
                                                                                                                              keselamatan kerja seluruh karyawannya. Kegiatan-yang telah     all of its employees. Activities that have been carried out
[F.18]                                                      [F.18]                                                            dilakukan antara lain vaksinasi untuk seluruh karyawan; Test   include vaccination for all employees; Rapid Test and Swab
Dalam mengelola SDM, Perseroan memberikan kesempatan        In managing HR, the Company provides equal opportunities          Rapid dan Swab secara rutin; cek Suhu sebelum memasuki         regularly; Check Temperature before entering the work area;
yang sama kepada setiap karyawan untuk membuktikan          to every employee to prove their best performance. The            area kerja; mewajibkan mencuci tangan sebelum memasuki         require hand washing before entering the work area and the
kinerja terbaik. Perseroan juga melakukan kesetaraan        Company also provides equality for all employees in terms         area kerja dan penggunaan masker; serta pelaksanaan            use of masks; as well as the implementation of other health
bagi seluruh karyawan untuk kenaikan jabatan maupun         of promotion and enhance their career, in accordance with         protokol kesehatan lainnya sesuai regulasi dari pemerintah.    protocols in accordance with government regulations.
pengembangan karir sesuai dengan kompetensi yang dimiliki   the competencies of each HR.
setiap SDM.                                                                                                                   Tenaga Kerja Anak dan Tenaga Kerja Paksa                       Child Labor and Forced Labor
                                                                                                                              [F.19]                                                         [F.19]
Perseroan memastikan tidak melakukan diskriminasi           The Company also ensures that it will never discriminate          Perseroan senantiasa mematuhi peraturan dan perundangan        The Company always complies with applicable labor laws
berdasarkan suku, agama, ras, dan antar golongan (SARA)     the employees based on ethnicity, religion, race, and             ketenagakerjaan yang berlaku dalam mengeola usahanya.          and regulations in managing its business. The Company
dalam proses kerja maupun pengembangan karir karyawan.      intergroup (SARA) in the work process and employee career         Perseroan memastikan bahwa tidak ada tenaga kerja di           ensures that there are no underage workers and forced labor
Promosi dan mutasi menggunakan sistem meritokrasi pada      development. Promotions and transfers use a meritocratic          bawah umur dan tenaga kerja paksa yang menjadi karyawan        as employees in the Company.
seluruh level dan jabatan sesuai kebutuhan Perseroan.       system at all levels and positions according to the needs         di Perseroan.
                                                            of the Company.




PT Bukit Uluwatu Villa Tbk                              140                           Laporan Tahunan 2021 Annual Report      Annual Report 2021 Laporan Tahunan                         141                                       PT Bukit Uluwatu Villa Tbk
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    Laporan Keberlanjutan | Sustainability Report                                                                                                                                                            Laporan Keberlanjutan | Sustainability Report




Upah Minimum Regional                                             Regional minimum wage                                                            Kegiatan                                                                      Keterangan
[F.20]                                                            [F.20]                                                                                                                    SDGs
                                                                                                                                                   Activities                                                                    Description
Perseroan memastikan remunerasi yang diterima karyawan            The Company ensures that the remuneration received
telah sesuai dengan peraturan dan perundangan yang berlaku        by employees is in accordance with applicable laws and            Mendukung Yayasan Lokal                  SDG No 17 – Kemitraan untuk
termasuk dalam pemberian upah minimum regional (UMR).             regulations, including the provision of the regional minimum      Supporting Local Foundations             mencapai tujuan.
                                                                  wage (UMR).                                                       - Memberikan pelatihan kerja bagi        Partnership to achieve goals.
                                                                                                                                      anak-anak di panti asuhan; /
Masyarakat                                                        Community                                                           Provide job training for children in
Perseroan menyadari dukungan dari masyarakat sekitar              The Company realizes that the support from the community            orphanages;
hotel dan resor membantu kelancaran operasional bisnis.           around the hotel and resort helps smoothen the business           - Menyalurkan dana kepada Bali
Oleh karena itu, Perseroan senantiasa menjalin hubungan           operations. Therefore, the Company always maintains good            Wise Foundation untuk membantu
baik dan mendukung kegiatan masyarakat melalui donasi             relations and supports the community through donations or           pembersihan limbah hotel. /
yang diberikan maupun turut serta dalam kegiatan tersebut.        participating in the donation program.                              Distributed funds to the Bali Wise
                                                                                                                                      Foundation to help clean up hotel
Dampak Operasi Terhadap Masyarakat Sekitar                        Impact of the Business on Surrounding Communities                   waste.
[F.23]                                                            [F.23]                                                            Menyalurkan donasi untuk pengelola       SDG No 17 – Kemitraan untuk          Candi Pecatu (4 Mei 2021); Candi
Aktivitas tanggung jawab sosial terhadap masyarakat               The impact of social responsibility on the surrounding            candi di Pecatu dan sekitarnya.          mencapai tujuan.                     Muren (13 Februari dan 9 September
sekitar yang dilakukan oleh Perseroan berdampak terhadap          community carried out by the Company is to smoothen its           Distributed donations to temple          Partnership to achieve goals.        2021; Candi Semer (24 Juni 2021);
kelancaran kegiatan yang diinisiasi oleh masyarakat               business activities. In addition, the Company’s business also     managers in Pecatu and its                                                    dan
setempat. Selain itu, meningkatkan kesejahteraan bagi             improves the welfare of the local community.                      surroundings.                                                                 Pecatu Temple (May 4, 2021); Muren
masyarakat lokal.                                                                                                                                                                                                 Temple (February 13 and September 9,
                                                                                                                                                                                                                  2021; Semer Temple (June 24, 2021);
Kegiatan Tanggung Jawab Sosial (CSR)                              Social Responsibility Activities (CSR)                                                                                                          and
[F.25]                                                            [F.25]                                                            Membagikan nasi box kepada peserta SDGs No. 3 – Kesehatan yang                Dilaksanakan di Belimbing Sari dan
Sepanjang tahun 2021, kegiatan CSR yang sejalan dengan            Throughout 2021, CSR activities that are in line with the SDGs    vaksinasi.                         Baik dan Kesejahteraan.                    Pecatu, Bali.
SDGs yang dilakukan oleh Perseroan adalah sebagai berikut:        carried out by the Company are as follows:                        Distributed meals to vaccination   Good Health and Welfare.                   Held in Belimbing Sari and Pecatu,
                                                                                                                                    participants.                                                                 Bali.
                                                                                                                                    Melanjutkan donasi kepada                SDG No 17 – Kemitraan untuk          Yayasan Bali Kumara memiliki
                 Kegiatan                                                                           Keterangan                      Yayasan Bali Kumara                      mencapai tujuan.                     program rutin untuk anak – anak,
                                                             SDGs
                 Activities                                                                         Description                     Giving donation to the Bali Kumara       Partnership to achieve goals.        seperti, kursus menari, bercerita
 Mendukung Komunitas Lokal                    SDG No 17 – Kemitraan untuk             - Jasa supplier lokal digunakan               Foundation                                                                    Bali, bahasa Inggris dan juga Karate.
 Support Local Communities                    mencapai tujuan.                          untuk penyediaan material kegiatan                                                                                        Selain itu, memberikan Donasi secara
 - Menggunakan jasa supplier lokal            Partnership to achieve goals.             agama Hindu di Hotel Perseroan. /                                                                                         rutin setiap bulan, disamping itu
   (Ibu Mangku Derwi). / Using the                                                      Local supplier services are used to                                                                                       kami juga memberikan bantuan pada
   service of local supplier (Mrs.                                                      provide materials for Hindu religious                                                                                     setiap kegitan yang dilakukan secara
   Mangku Derwi).                                                                       activities at the Company’s hotels.                                                                                       terencana seperti membantu anak –
 - Menggunakan jasa perusahaan                                                        - Belimbing Sari Transport                                                                                                  anak yang kurang mampu dan yang
   transportasi lokal (Belimbing Sari                                                   digunakan untuk layanan                                                                                                   mengalami kelainan.
   Transport). / Using the service                                                      transportasi tamu hotel dan                                                                                               The Bali Kumara Foundation has
   of local transportation company                                                      resor yang dikelola Perseroan. /                                                                                          regular programs for children,
   (Belimbing Sari Transport).                                                          Belimbing Sari Transport is used for                                                                                      such as dancing lesson, Balinese
 - Menggunakan jasa pengangkut                                                          transportation services for hotels                                                                                        storytelling, English lesson and Karate.
   sampah lokal (Tambyak Lestari). /                                                    and resorts guests.                                                                                                       In addition, we also provide donation
   Using local waste disposal service                                                 - Sumbangan dana digunakan                                                                                                  regularly every month, and we also
   (Tambyak Lestari).                                                                   untuk keperluan peringatan                                                                                                provide assistance such as helping
 - Sumbangan dana untuk kelompok                                                        HUT RI Ke-76. / Giving donation                                                                                           underprivileged and disabled children.
   pemuda Banjar Dinas Tambyak. /                                                       for commemorating the 76th                  Berkontribusi untuk Festival Ogoh-       SDG No 17 – Kemitraan untuk          Menyumbang dana kepada 2 Banjar
   Giving donation to the Banjar Dinas                                                  Indonesian Independence Day.                ogoh Di Desa Buitan                      mencapai tujuan.                     di Desa Manggis untuk mendukung
   Tambyak youth group.                                                                                                             Contributing to the Ogoh-ogoh Festival   Partnership to achieve goals.        karang taruna membuat kreasi Ogoh-
                                                                                                                                    in Buitan Village                                                             ogoh dalam rangka menyambut Hari
                                                                                                                                                                                                                  Raya Nyepi 2021.
                                                                                                                                                                                                                  Donated funds to 2 Banjar in Manggis
                                                                                                                                                                                                                  Village to support youth organizations
                                                                                                                                                                                                                  to make Ogoh-ogoh in order to
                                                                                                                                                                                                                  welcome Nyepi (Day of Silence) 2021.




PT Bukit Uluwatu Villa Tbk                                    142                           Laporan Tahunan 2021 Annual Report     Annual Report 2021 Laporan Tahunan                        143                                    PT Bukit Uluwatu Villa Tbk
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    Laporan Keberlanjutan | Sustainability Report                                                                                                                                                                  Laporan Keberlanjutan | Sustainability Report




                 Kegiatan                                                                            Keterangan                                       Properti                                                   Prestasi
                                                              SDGs
                 Activities                                                                          Description                                      Property                                                 Performance
 Menerima donasi dari Good Travel             - SDG No 17 – Kemitraan untuk           Dilaksanakan oleh Alila Manggis.                Alila Villas Uluwatu                    - Hotel of the World for World of Hyatt Rewards;
 Group dari New Zealand sebesar                 mencapai tujuan. / Partnership to     Held by Alila Manggis                                                                   - TOP 5 Resort Hotels in Indonesia - WORLD’S BEST AWARDS 2021 dari
 USD1,100 dan Deutche Bank sebesar              achieve goals.                                                                                                                  TRAVEL + LEISURE; / from Travel and Leisure;
 IDR12.000.000 untuk disumbangkan             - SDG No 1– Tanpa Kemiskinan. /                                                                                                 - Mendapat Four-star Rating dari Forbes Travel Guide. / Received a Four-star
 ke Yayasan Bali Kumara.                        Without Poverty.                                                                                                                Rating from the Forbes Travel Guide.
 Received a donation from Good Travel         - SDG No 2- Tanpa Kelaparan / With                                                      Alila Manggis                           - Peringkat ke 2 Di Indonesia dari Travel and Leisure; / Ranked Number 2 in
 Group from New Zealand of USD1,100             No Hunger                                                                                                                       Indonesia from Travel and Leisure;
 and Deutche Bank of IDR12,000,000                                                                                                                                            - Peringkat Ke 6 Di Asia dari Travel and Leisure; dan / Ranked Number 6 in Asia
 to be donated to the Bali Kumara                                                                                                                                               from Travel and Leisure; and
 Foundation.                                                                                                                                                                  - Peringkat Ke 20 di Dunia dari Travel and Leisure / Ranked Number 20 in the
                                                                                                                                                                                World from Travel and Leisure

ASPEK SOSIAL                                                      SOCIAL ASPECT                                                      PELAPORAN PENGADUAN                                            REPORTING THE COMPLAINT
                                                                                                                                     [F.24]                                                         [F.24]
Keamanan Pelanggan                                                Customer Security                                                  Perseroan memfasilitasi sarana pengaduan bagi pemangku         The Company provides a complaint facility for stakeholders
[F.27]                                                            [F.27]                                                             kepentingan dan masyarakat luas untuk memudahkan dalam         and the wider community. They can submit the reports related
Perseroan memastikan telah memberikan perlindungan                The Company ensures that it has provided maximum                   menyampaikan laporan terkait masalah lingkungan akibat         to environmental problems resulting from the Company’s
maksimal terhadap pelanggan hotel dan resor yang                  protection to its customers. During the Covid-19 pandemic,         aktivitas operasional Perseroan. Pengaduan tersebut dapat      operational activities through the Company’s official website
dikelolanya. Dalam masa pandemi Covid-19, Perseroan               the Company has vaccinated all employees and implemented           disampaikan melalui situs web resmi Perseroan di www.          at www.buvagroup.com. In 2021, the Company did not receive
telah melaksanakan vaksinasi kepada seluruh karyawan dan          strict health protocols in accordance with government              buvagroup.com. Pada tahun 2021, Perseroan tidak mendapat       any complaint related to the Company’s operational activities.
menerapkan protokol kesehatan secara ketat sesuai dengan          regulations. In addition, it provides hand sanitizer facilities    laporan pengaduan yang berkaitan dengan operasional
peraturan pemerintah. Selain itu, menyediakan fasilitas hand      and body temperature checking devices for customers.               Perseroan.
sanitizer maupun alat pengecek suhu tubuh bagi pelanggan.
                                                                                                                                     Keterbukaan Informasi                                          Information Disclosure
Dampak Produk                                                     Impact of The Product                                              Perseroan memberikan fasilitas keterbukaan informasi bagi      The Company provides information disclosure facilities for
[F.28]                                                            [F.28]                                                             pemegang saham, regulator, maupun pemangku kepentingan         shareholders, regulators, and other stakeholders through
Perseroan mengelola hotel dan resor baik yang dikelola            The Company manages all hotels and resorts owned by                lain melalui situs resmi Perseroan yang beralamat di www.      the Company’s official website at www.buvagroup.com.
sendiri maupun oleh anak perusahaan. Properti Perseroan           the Company or its subsidiaries. The Company’s properties          buvagroup.com. Situs ini memuat beragam informasi antara       This site contains various information about the Company,
yang sudah beroperasi yaitu Alila Ubud, Alila Villas Uluwatu,     where the business already running are Alila Ubud, Alila           lain Tentang Perseroan, Properti Perseroan, GCG, dan Laporan   Company’s properties, GCG, and periodic Financial Reports.
Alila Manggis, dan Alila SCBD. Sementara yang sedang tahap        Villas Uluwatu, Alila Manggis, and Alila SCBD. Meanwhile,          Keuangan berkala.
persiapan yakni The Cliff, Alila Villas Bintan, Alila Tarabitan   the ones currently in the preparation stage are The Cliff, Alila
Manado, dan Alila Borobudur.                                      Villas Bintan, Alila Tarabitan Manado, and Alila Borobudur.        Para pemegang saham dan pemangku kepentingan lain              Shareholders and other stakeholders who wish to obtain
                                                                                                                                     yang ingin mendapatkan informasi tentang Perseroan dapat       information about the Company can contact
Produk properti yang dikelola Perseroan mengedepankan             The properties that are managed by the Company prioritize          menghubungi
kualitas layanan standar internasional yang kental dengan         international standard service quality that has local wisdom.
kearifan lokal. Perseroan senantiasa menjaga kelestarian          The Company always preserves the cultural values of the
nilai-nilai budaya masyarakat setempat.                           local community.

Sepanjang tahun 2021, tidak terdapat properti Perseroan           Throughout 2021, none of the Company’s properties were
yang ditarik kembali dengan alasan apapun.                        withdrawn for any reason.                                                                                          PT Bukit Uluwatu Villa Tbk

Kepuasan pelanggan                                                Customer satisfaction                                                                                     Sekretaris Perusahaan Company Secretary
[F.30]                                                            [F.30]
Peseroan menempatkan kepuasan pelanggan hotel dan resor           The Company prioritizes hotel and resort customer                                                                  Gd. Sequis Center 9th Floor
sebagai prioritas. Oleh karena itu, Perseroan berkomitmen         satisfaction as a priority. Therefore, the Company is committed                                              Jl. Jend Sudirman 71, Kebayoran Baru
menghadirkan layanan terbaik dengan menyiapkan SDM                to provide the best service by preparing competent human                                                       Jakarta Selatan 12190 - Indonesia
kompeten dan fasilitas sarana dan prasarana hotel kelas           resources and world-class hotel facilities and infrastructure.                                                       Telp : +62 21 525 6516
dunia.                                                                                                                                                                                 Faks : +62 21 525 6517

Kepuasan pelanggan salah satunya dapat diukur dari capaian        One of the ways in which customer satisfaction can be
prestasi yang diraih oleh hotel dan resor Perseroan, sebagai      measured is through the achievements of the Company’s
berikut:                                                          hotels and resorts, as follows:




PT Bukit Uluwatu Villa Tbk                                    144                            Laporan Tahunan 2021 Annual Report      Annual Report 2021 Laporan Tahunan                         145                                       PT Bukit Uluwatu Villa Tbk
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                                                                           PT BUKIT ULUWATU VILLA Tbk
                                                                                 PT PT BUKIT ULUWATU VILLA Tbk
                                                                            DAN ENTITAS ANAK / AND SUBSIDIARIES
                                                                                     DAN ENTITAS ANAK / AND SUBSIDIARIES
                                                                         LAPORAN KEUANGAN KONSOLIDASIAN/
                                                                            LA
                                                                        CONSO L IPDOA R
                                                                                      TA N FKI EN U
                                                                                        ED        ANA CNI GA A
                                                                                                             L NS TK AOTNESMOE LN ITDSA S I A N /
                                                                             CONSOLIDATED FINANCIAL STATEM ENTS
                                                                             TANGGAL 31 DESEMBER 2019 DAN UNTUK TAHUN
                                                                               YANG BERAKHIR PADA TANGGAL TERSEBUT/
                                                                                   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN
                                                                        AS OF 31 DECEMBER 2019 AND FOR THE YEAR THEN ENDED
                                                                                    YANG BERAKHIR PADA TANGGAL TERSEBUT/
                                                                             AS OF DECEMBER
                                                                                          DA31,
                                                                                             N /2021
                                                                                                 A N DAND FOR THE YEAR THEN ENDED
                                                                                                              ANAK/ AND SUBSIDIARIES
                                                                                     LAPORAN AUDITOR INDEPENDEN/
                                                                                    INDEPENDENT AUDITORS’ REPORT
                                                                                     LAPORAN KEUANGAN KONSOLIDASIAN INTERIM/

                                                                                    INTERIM CONSOLIDATED FINANCIAL STATEMENTS



                                                                                    TANGGAL 30 JUNI 2020 DAN UNTUK PERIODE
                                                                               ENAM BULAN YANG BERAKHIR PADA TANGGAL TERSEBUT/

                                                                          AS OF 30 JUNE 2020 AND FOR THE SIX-MONTH PERIOD THEN ENDED



                                                                                                         D A N/ A N D



                                                                                             LAPORAN AUDITOR INDEPENDEN/

                                                                                            INDEPENDENT AUDITORS’ REPORT




Laporan Keuangan Audit
Audited Financial Statements




PT Bukit Uluwatu Villa Tbk   146   Laporan Tahunan 2021 Annual Report
Page 79
                                                                    These consolidated financial statements are originally
                                                                                issued in Indonesian language



  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                     PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
       LAPORAN KEUANGAN KONSOLIDASIAN                                 CONSOLIDATED FINANCIAL STATEMENTS
TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN YANG                             AS OF DECEMBER 31, 2021 AND
        BERAKHIR PADA TANGGAL TERSEBUT                                     FOR THE YEAR THEN ENDED



                     DAFTAR        ISI                                               CONTENTS




Surat Pernyataan Direksi                                                                                 Directors’ Statement


                                                      Ekshibit/
                                                       Exhibit

Laporan Posisi Keuangan Konsolidasian                    A                     Consolidated Statement of Financial Position


Laporan Laba Rugi dan Penghasilan Komprehensif Lain                     Consolidated Statement of Profit or Loss and Other
  Konsolidasian                                          B                                     Comprehensive Income


Laporan Perubahan Ekuitas Konsolidasian                  C                     Consolidated Statement of Changes in Equity


Laporan Arus Kas Konsolidasian                           D                             Consolidated Statement of Cash Flows


Catatan atas Laporan Keuangan Konsolidasian              E                  Notes to the Consolidated Financial Statements



Laporan Auditor Independen                                                                     Independent Auditors’ Report




                                                                                                                                6   6
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                                                                            These consolidated financial statements are originally                                                                                       These consolidated financial statements are originally
                                                                                        issued in Indonesian language                                                                                                                issued in Indonesian language

                                                   Ekshibit A                                                                    Exhibit A                                                    Ekshibit A/2                                                                  Exhibit A/2


     PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                        PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                               PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                        PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
        LAPORAN POSISI KEUANGAN KONSOLIDASIAN                          CONSOLIDATED STATEMENT OF FINANCIAL POSITION                                  LAPORAN POSISI KEUANGAN KONSOLIDASIAN                          CONSOLIDATED STATEMENT OF FINANCIAL POSITION
               TANGGAL 31 DESEMBER 2021                                           AS OF DECEMBER 31, 2021                                                   TANGGAL 31 DESEMBER 2021                                           AS OF DECEMBER 31, 2021
     (Disajikan dalam Rupiah, kecuali dinyatakan lain)                   (Expressed in Rupiah, unless otherwise stated)                           (Disajikan dalam Rupiah, kecuali dinyatakan lain)                   (Expressed in Rupiah, unless otherwise stated)


                                        31 Desember/       Catatan/      31 Desember/                                                                                               31 Desember/        Catatan/      31 Desember/
                                       December 2021        Notes        December 2020                                                                                              December 2021        Notes        December 2020

ASET                                                                                                                            ASSETS       LIABILITAS DAN EKUITAS                                                                                          LIABILITIES AND EQUITY

ASET LANCAR                                                                                                            CURRENT ASSETS        LIABILITAS JANGKA PENDEK                                                                                         CURRENT LIABILITIES
Kas dan bank                               4.421.754.060        4            2.820.659.621                     Cash on hand and in banks     Utang pihak berelasi                       7.014.630.040       5,15          5.756.171.692                        Due to related parties
Piutang                                                                                                              Accounts receivable     Utang                                                                                                                  Accounts payable
  Piutang usaha                                                                                                    Trade receivables           Utang usaha                            12.637.144.191         15          11.699.623.572                           Trade payables
    Pihak ketiga - neto                    1.533.438.729         6           2.032.343.886                     Third parties – net             Utang Iain-lain                        93.637.940.396         15         166.702.054.852                           Other payables
    Pihak berelasi                         1.445.243.884        5,6            715.198.446                        Related parties            Beban yang masih harus dibayar          473.978.290.630         16         300.566.176.713                            Accrued expenses
  Piutang lain-lain                                                                                                Other receivables         Liabilitas imbalan kerja                                                                                           Short-term employee
    Pihak ketiga - neto                  40.041.471.654          6         112.001.968.980                     Third parties – net             jangka pendek                           13.170.026.351                    10.373.135.822                          benefits liability
    Pihak berelasi                       21.700.900.111         5,6         19.592.120.353                        Related parties            Utang pajak                               35.507.456.951        17b         25.433.641.575                                Taxes payable
Piutang beli efek dengan                                                                                                                     Uang muka pelanggan                       32.371.132.164         18         49.790.250.275                     Advances from customers
    janji dijual kembali                               -        7                        -                      Reverse repo receivables     Pinjaman jangka Panjang
Persediaan                                   807.646.904        8            1.129.547.960                                   Inventories       jatuh tempo dalam                                                                                                 Current maturities of
Biaya dibayar dimuka                       1.516.031.925                     1.468.041.196                             Prepaid expenses        waktu satu tahun:                                                                                                  long-term loans:
Pajak dibayar dimuka                          17.716.248       17a              50.998.985                                 Prepaid taxes         Utang pinjaman                        99.999.801.366        19          99.999.801.366                           Loan payable
                                                                                                                                                 Pinjaman bank                      1.024.864.631.822        19       1.035.874.460.961                             Bank loans
Total Aset Lancar                       71.484.203.515                   139.810.879.427                            Total Current Assets         Utang sewa pembiayaan                  1.969.468.346        19           1.909.684.047                          Lease payable

ASET TIDAK LANCAR                                                                                                NON-CURRENT ASSETS          Total Liabilitas Jangka Pendek       1.795.150.522.257                 1.708.105.000.875                       Total Current Liabilities
Investasi saham - neto                     4.931.585.012         9           4.886.891.734          Investments in shares of stock - net
Aset real estat - neto                                 -        10         309.790.833.158                       Real estate assets – net    LIABILITAS JANGKA PANJANG                                                                                    NON-CURRENT LIABILITIES
Aset dalam pembangunan - neto            348.442.931.538        11         320.075.421.083            Property under development - net       Pinjaman jangka
Aset tetap – neto                      1.095.678.223.953        12       1.134.073.763.867                             Fixed assets - net      panjang setelah dikurangi
Aset hak guna - neto                      24.130.564.403        13          26.467.564.798                      Right of use assets - net      bagian yang jatuh tempo                                                                                       Long- term loans - net of
Aset tidak lancar lainnya                318.191.889.708        14         342.114.841.830                     Other non-current assets        dalam waktu satu tahun:                                                                                         current maturities:
                                                                                                                                                 Pinjaman bank                                     -         19          73.667.751.810                             Bank loans
Total Aset Tidak Lancar              1.791.375.194.614                 2.137.409.316.470                      Total Non-Current Assets           Utang sewa pembiayaan                   358.249.680         19           2.054.160.519                          Lease payable
                                                                                                                                             Liabilitas imbalan                                                                                                     Post-employment
TOTAL ASET                           1.862.859.398.129                 2.277.220.195.897                                   TOTAL ASSETS        pasca-kerja karyawan                    30.959.415.265        24          31.705.929.995                           benefits liability

                                                                                                                                             Total Liabilitas Jangka Panjang         31.317.664.945                   107.427.842.324                  Total Non-Current Liabilities

  Lihat Catatan atas Laporan Keuangan Konsolidasian pada               See accompanying Notes to the Consolidated Financial                  TOTAL LIABILITAS                     1.826.468.187.202                 1.815.532.843.199                              TOTAL LIABILITIES
Ekshibit E terlampir yang merupakan bagian tidak terpisahkan          Statements on Exhibit E which are an integral part of the
  dari Laporan Keuangan Konsolidasian secara keseluruhan                 Consolidated Financial Statements taken as a whole

                                                                                                                                               Lihat Catatan atas Laporan Keuangan Konsolidasian pada               See accompanying Notes to the Consolidated Financial
                                                                                                                                             Ekshibit E terlampir yang merupakan bagian tidak terpisahkan          Statements on Exhibit E which are an integral part of the
                                                                                                                                               dari Laporan Keuangan Konsolidasian secara keseluruhan                 Consolidated Financial Statements taken as a whole
Page 81
                                                                                   These consolidated financial statements are originally                                                                                         These consolidated financial statements are originally
                                                                                               issued in Indonesian language                                                                                                                  issued in Indonesian language

                                                    Ekshibit A/3                                                                      Exhibit A/3                                                      Ekshibit B                                                                      Exhibit B


     PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                                PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                             PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                         PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
        LAPORAN POSISI KEUANGAN KONSOLIDASIAN                                  CONSOLIDATED STATEMENT OF FINANCIAL POSITION                           LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF                       CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND
               TANGGAL 31 DESEMBER 2021                                                   AS OF DECEMBER 31, 2021                                                       LAIN KONSOLIDASIAN                                          OTHER COMPREHENSIVE INCOME
     (Disajikan dalam Rupiah, kecuali dinyatakan lain)                           (Expressed in Rupiah, unless otherwise stated)                           UNTUK TAHUN YANG BERAKHIR PADA TANGGAL                                         FOR THE YEAR ENDED
                                                                                                                                                                         31 DESEMBER 2021                                                 DECEMBER 31, 2021
                                                                                                                                                         (Disajikan dalam Rupiah, kecuali dinyatakan lain)                   (Expressed in Rupiah, unless otherwise stated)
                                           31 Desember /        Catatan/        31 December/
                                           December 2021         Notes          December 2020
                                                                                                                                                                                                                Catatan/
EKUITAS                                                                                                                                   EQUITY                                             2021                Notes                    2020
Ekuitas yang diatribusikan kepada                                                                          Equity attributable to the owners
  pemilik entitas induk                                                                                                of the parent entity         PENDAPATAN                               61.422.461.126         21                  67.905.888.011                                     REVENUE
Modal saham                                  340.563.460.000       20             340.563.460.000                                   Share capital
                                                                                                                                                    BEBAN POKOK PENDAPATAN             (     27.460.534.004)        22        (         36.219.853.025)                       COST OF REVENUE
Tambahan modal disetor                       345.753.913.585       20             345.753.913.585                     Additional paid-in capital
Uang muka setoran modal                       72.343.600.000       20              72.343.600.000                Advance for stock subscription     LABA BRUTO                               33.961.927.122                             31.686.034.986                            GROSS PROFIT
Saldo laba (defisit):                                                                                               Retained earnings (deficit):
  Ditentukan penggunaannya                     9.500.000.000       20               9.500.000.000                              Appropriated         Beban penjualan                    (       6.100.546.647)       23a      (            10.507.714.009 )                    Selling expenses
  Tidak ditentukan penggunaannya      (    1.208.800.740.082)              (      862.180.075.050 )                         Unappropriated                                                                                                                          General and administrative
                                                                                                                                                    Beban umum dan administrasi        (      90.892.612.581)       23b      (           101.487.183.773 )                         expense
Selisih atas akuisisi kepentingan                                                                           Difference arising from acquisition
                                                                                                                                                    Beban operasional, properti,                                                                                        Operational, property,
  non-pengendali                      (          171.481.168)              (           171.481.168)              of non-controlling interest
                                                                                                                                                      pemeliharaan dan energi          (      14.628.392.952)       23c      (            17.968.360.539 )    maintenance and energy expenses
Penghasilan komprehensif lain:                                                                                   Other comprehensive income:
                                                                                                                                                    Beban manajemen dan lisensi        (       2.579.452.106)       31       (             2.678.062.255 )        Management and license fees
  Keuntungan (kerugian) pengukuran                                                                         Gain (loss) on remeasurement of                                                                                                                    Recovery (impairment)in value of
  kembali liabilitas imbalan pasca-                                                                            Post-employment benefits             Pemulihan (penurunan) nilai aset                                                                          property under development and
    kerja - neto                                 703.274.151               (        2.309.030.741)                           liability - net          dalam pembangunan dan aset tetap        10.691.580.406                 (           970.139.149.542)                          fixed assets
  Revaluasi aset                             630.654.463.350                      630.654.463.350                          Asset revaluation        Kerugian penurunan nilai atas                                                                                  Loss on impairment in value
                                                                                                                                                      investasi                        (     100.729.127.251)                                          -                     of investment
                                                                                                                                                    Pendapatan operasional lain                  207.645.783        26                    10.302.607.269             Other operational income
Total ekuitas yang diatribusikan                                                                                  Equity attributable to the
                                                                                                                                                    Beban operasional lain             (      18.803.098.183)                (             6.708.832.493 )          Other operational expense
 Kepada pemilik entitas induk                190.546.489.836                      534.154.849.976             owners of the parent entity
                                                                                                                                                    RUGI USAHA                         (    188.872.076.409)                 (       1.067.500.660.356)                LOSS FROM OPERATIONS
Kepentingan non–pengendali            (      154.155.278.909)      25      (       72.467.497.278 )                    Non-controlling interest
                                                                                                                                                    Pendapatan keuangan                              536.015                               1.492.313.650                          Finance income
TOTAL EKUITAS                               36.391.210.927                       461.687.352.698                                  TOTAL EQUITY      Beban keuangan                     (     172.523.680.864)                (           113.212.126.054 )                           Finance cost

                                                                                                                                                    RUGI SEBELUM PAJAK                                                                                                  LOSS BEFORE FINAL TAX
TOTAL LIABILITAS DAN EKUITAS              1.862.859.398.129                    2.277.220.195.897              TOTAL LIABILITIES AND EQUITY           FINAL DAN BEBAN PAJAK                                                                                                 AND INCOME TAX
                                                                                                                                                     PENGHASILAN                       (    361.395.221.258)                 (       1.179.220.472.760 )                          EXPENSE

                                                                                                                                                    PAJAK FINAL                        (             107.203)                (               298.462.730)                                  FINAL TAX

   Lihat Catatan atas Laporan Keuangan Konsolidasian pada                       See accompanying Notes to the Consolidated Financial                RUGI SEBELUM MANFAAT (BEBAN)                                                                                     LOSS BEFORE INCOME TAX
 Ekshibit E terlampir yang merupakan bagian tidak terpisahkan                   Statements on Exhibit E which are an integral part of                PAJAK PENGHASILAN                 (    361.395.328.461)                 (       1.179.518.935.490 )                BENEFIT (EXPENSE)
   dari Laporan Keuangan Konsolidasian secara keseluruhan                      the Consolidated Financial Statements taken as a whole
                                                                                                                                                    MANFAAT (BEBAN) PAJAK
                                                                                                                                                      PENGHASILAN                                                   17                                        INCOME TAX BENEFIT (EXPENSE)
                                                                                                                                                    Pajak kini                                             -                                             -                      Current Tax
                                                                                                                                                    Pajak tangguhan                              383.637.965                 (            10.079.476.851)                           Deferred Tax

                                                                                                                                                    Total manfaat (beban) pajak                                                                                       Total Income tax benefit
                                                                                                                                                     penghasilan                                383.637.965                  (          10.079.476.851)                              (expense)

                                                                                                                                                    RUGI TAHUN BERJALAN                (    361.011.690.496)                 (       1.189.598.412.341 )                    LOSS FOR THE YEAR




                                                                                                                                                       Lihat Catatan atas Laporan Keuangan Konsolidasian pada               See accompanying Notes to the Consolidated Financial
                                                                                                                                                     Ekshibit E terlampir yang merupakan bagian tidak terpisahkan           Statements on Exhibit E which are an integral part of
                                                                                                                                                       dari Laporan Keuangan Konsolidasian secara keseluruhan              the Consolidated Financial Statements taken as a whole
Page 82
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            These consolidated financial statements are originally
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        issued in Indonesian language
                                                                                                                                                                                                                                                                                                                                              Ekshibit C                                                                                                                                                                                                                                                                                                                                                Exhibit C
                                                                               PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                                                                                                                                                                                                                                                                                                                                                           PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                                                                                LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN                                                                                                                                                                                                                                                                                                                                                             CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
                                                                        UNTUK TAHUN YANG BERAKHIR PADA TANGGAL 31 DESEMBER 2021                                                                                                                                                                                                                                                                                                                                                         FOR THE YEAR ENDED DECEMBER 31, 2021
                                                                               (Disajikan dalam Rupiah, kecuali dinyatakan lain)                                                                                                                                                                                                                                                                                                                                                      (Expressed in Rupiah, unless otherwise stated)
                                                                                                                                                                                                                                                                                                                         Diatribusikan kepada pemilik entitas induk/
                                                                                                                                                                                                                                                                                                                       Attributable to equity holders of parent entity
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Penghasilan komprehensif lain/
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Other comprehensive income
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   Pengukuran
                                                                                                                                                                                                                                                                                                                                                                                                                                                 Selisih atas                                                      Kembali atas
                                                                                                                                                                                                                                                                                                                                                                                                                                                   akuisisi                                                         penyisihan
                                                                                                                                                                                                                                                                                                                                                                                                                                                kepentingan                                                       Imbalan pasca-
                                                                                                                                                                                                                                                                                                                                                                                                                                              nonpengendali/                                                     Kerja karyawan/                                              Surplus
                                                                                                                                                                                                                               Uang Muka                                        Saldo Laba (defisit)/ Retained Earnings (deficit)                                                                                                                Difference                                                      Remeasurement                                               Revaluasi
                                                                                                                      Modal ditempatkan           Tambahan                                                                   Setoran Modal/                                                                                                                                                                                                     arising from                                                       of provision                                             Aset Tetap/                                                                                       Kepentingan
                                                                                                                      Dan disetor penuh/        modal disetor/                                                                Advance for                                           Ditentukan                                                                           Tidak ditentukan                                                      acquisition of                                                        for post-                                             Revaluation                                                                                       nonpengendali/
                                                                                                                       Issued and fully           Additional                                                                  Future Stock                                        penggunaannya/                                                                         penggunaannya/                                                       non controlling                                                      employment                                                 surplus                                                            Total/                      Non-controlling             Total Ekuitas/
                                                                                                                         paid capital           paid-in capital                                                               Subscription                                         Appropriated                                                                          Unappropriated                                                           interest                                                           benefits                                             of Fixed Assets                                                        Total                          interest                 Total Equity
   Saldo per 1 Januari 2020/
      Balance per January 1, 2020                                                                                           340.563.460.000      345.753.913.585                                                                 71.843.600.000                                                         9.500.000.000                                                              138.147.573.021 (                                                         171.481.168)                         (                            166.549.808)                                   859.499.863.350                          1.764.970.378.980                                       462.853.787.427         2.227.824.166.407
   Dampak penerapan PSAK 71-neto/
     Impact on implementation of PSAK 71 - net                                                                                             -                                                          -                                                            -                                                                                     (                           98.474.038.814)                                                                                  -                                                                    -                                      - (                                       98.474.038.814) (                       209.253.798) (         98.683.292.612)
Saldo per 1 Januari 2020 setelah dampak
   penerapan PSAK 71/Balance as of Jauary
   1, 2020 after the impact on implementa-
   tion of SFAS 71                                                                                                          340.563.460.000      345.753.913.585                                                                 71.843.600.000                                                         9.500.000.000                                                               39.673.534.207 (                                                         171.481.168)                         (                            166.549.808)                                   859.499.863.350                          1.666.496.340.166                                       462.644.533.629         2.129.140.873.795
Rugi tahun berjalan/Loss for the year                                                                                                      -                                                          -                                                            -                                                                          -          (                          901.853.609.257)                                                                                  -                                                                    -                                      - (                                  901.853.609.257) (                       287.744.803.084) (      1.189.598.412.341 )
   Uang muka setoran modal/
    Advance for stock subscription                                                                                                         -                                                          -                                   500.000.000                                                                                         -                                                                        -                                                              -                                                                    -                                      -                                                          500.000.000                       -              500.000.000
Kepentingan non pengendali dari entitas anak
yang tidak dikonsolidasi/NCI of
deconsolidated subsidiary                                                                                                                  -                                                          -                                                            -                                                                          -                                                                        -                                                              -                                                                    -                                      -                                                                    - (      247.560.301.614) (        247.560.301.614)
Perubahan lainnya dari kepentingan non pen-
gendali/changes of other NCI                                                                                                               -                                                          -                                                            -                                                                          -                                                                        -                                                              -                                                                    -                                      -                                                                    -            133.253.415               133.253.415
Surplus revaluasi aset tetap/
Revaluation surplus of fixed assets                                                                                                        -                                                          -                                                            -                                                                          -                                                                        -                                                              -                                                                    - (                   228.845.400.000)(                                     228.845.400.000)                                        -   (      228.845.400.000)
Pengukuran kembali atas penyisihan imbalan
   pasca-kerja karyawan - setelah pajak
  tangguhan/ Remeasurement of provision
  for post-employment benefits - net of de-
  ferred tax                                                                                                                               -                                                          -                                                            -                                                                          -                                                                        -                                                              -           (                          2.142.480.933)                                                       - (                                            2.142.480.933)                       59.820.376   (        2.082.660.557)
Saldo per 31 Desember 2020/
   Balance per December 31, 2020                                                                                            340.563.460.000      345.753.913.585                                                                 72.343.600.000                                                         9.500.000.000                                    (                         862.180.075.050) (                                                        171.481.168)                         (                      2.309.030.741)                                       630.654.463.350                                   534.154.849.976 (                               72.467.497.278)         461.687.352.698
                                                                                                   Lihat Catatan atas Laporan Keuangan Konsolidasian pada                                                                                                                                                                                                                                                                                                                          See accompanying Notes to the Consolidated Financial Statements on
                                                                                                Ekshibit E terlampir yang merupakan bagian tidak terpisahkan                                                                                                                                                                                                                                                                                                                                      Exhibit E which are an integral part of
                                                                                                  dari Laporan Keuangan Konsolidasian secara keseluruhan                                                                                                                                                                                                                                                                                                                                  the Consolidated Financial Statements taken as a whole
                                                                                                                                                                                                                                                                                                                                                                                                                  TOTAL LOSS FOR THE YEAR
                                                                                                                                                                                                                                                                                                                                                           Loss for the year




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               BASIC LOSS PER SHARE
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           ATTRIBUTABLE TO EQUITY
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      HOLDERS OF THE PARENT ENTITY
                                                                                                                                                                                                                                                                                                            TOTAL COMPREHENSIVELOSS FOR




                                                                                                                                                                                                                                                                                                                                                                                                                                               Total comprehensive loss




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    TOTAL COMPREHENSIVE
                                                                                                                                                                                                                                    Remeasurement of provision

                                                                                                                                                                                                                                              Income tax effect
                                                                                                                                                                                        Items that will not be




                                                                                                                                                                                                                                                                                                   (loss)
                                                                                                                                                                                                                              Revaluation surplus on fixed asset

                                                                                                                                                                                                                                                                       Total other comprehensive income
                                                                                                                                                 OTHER COMPREHENSIVE INCOME
                                                         Exhibit B/2




                                                                                                                                                                                                                                for post-employment benefits
                                                                                                                                                                                  reclassified subsequently




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              the Consolidated Financial Statements taken as a whole
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               See accompanying Notes to the Consolidated Financial
                                                                                                                                                                                                                                                                                                                                                    Equity holders of the




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    LOSS FOR THE YEAR
                                                                                                                                                                                                                                                                                                                           THE YEAR


                                                                                                                                                                                                                                                                                                                                                        attributable to:


                                                                                                                                                                                                                                                                                                                                                  Non-controlling interest




                                                                                                                                                                                                                                                                                                                                                                                                                                              Non-controlling interest
                                                                                                                                                                                                                                                                                                                                                                                                                                                    attributable to:
                                                                                                                                                                                                                                                                                                                                                                                                                                                Equity holders of the
                                                                                                                                                                                                                                                                                                                                                                                                                                                        for the year
                                                                          CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER




                                                                                                                                                                                          to profit or loss:




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Statements on Exhibit E which are an integral part of
These consolidated financial statements are originally




                                                                                                                                                                                                                                                                                                                                                        parent entity




                                                                                                                                                                                                                                                                                                                                                                                                                                                    parent entity
                                                                              PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES




                                                                               (Expressed in Rupiah, unless otherwise stated)
            issued in Indonesian language




                                                                                         COMPREHENSIVE INCOME
                                                                                           FOR THE YEAR ENDED
                                                                                            DECEMBER 31, 2021




                                                                                                                                                                                                                                                                                                                                                                                     287.744.803.084)
                                                                                                                                                                                                                                                                                                                                                                                     901.853.609.257)
                                                                                                                                                                                                                                        2.307.772.608)

                                                                                                                                                                                                                                      228.845.400.000)


                                                                                                                                                                                                                                                                                        230.928.060.557)


                                                                                                                                                                                                                                                                                                                         1.420.526.472.898)




                                                                                                                                                                                                                                                                                                                                                                                                                  1.189.598.412.341)




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    1.132.841.490.190)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      287.684.982.708)


                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 1.420.526.472.898)




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         132)
                                                                                                                                                                                                                                          225.112.051
                                                                                                                                         2020




                                                                                                                                                                                                                                                                                                                         (
                                                                                                                                                                                                                                      (

                                                                                                                                                                                                                                                       (


                                                                                                                                                                                                                                                                                        (




                                                                                                                                                                                                                                                                                                                                                                                     (
                                                                                                                                                                                                                                                                                                                                                                                     (

                                                                                                                                                                                                                                                                                                                                                                                                                  (




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    (
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    (




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         (
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 (
                                                                                                                                     Catatan/
                                                                                                                                      Notes




                                                                                                                                                                                                                                                                                                                                                                                                  24
                                                                                                                                                                                                                                      24

                                                                                                                                                                                                                                                       11




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Ekshibit E terlampir yang merupakan bagian tidak terpisahkan
                                                         Ekshibit B/2




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                dari Laporan Keuangan Konsolidasian secara keseluruhan
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Lihat Catatan atas Laporan Keuangan Konsolidasian pada
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         51 )
                                                                                                                                                                                                                                                                                                                         358.142.420.065 )




                                                                                                                                                                                                                                                                                                                                                                                     346.620.665.032)
                                                                                                                                                                                                                                                                                                                                                                                      14.391.025.464)

                                                                                                                                                                                                                                                                                                                                                                                                                  361.011.690.496)




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    343.608.360.140)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     14.534.059.925)


                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 358.142.420.065)
                                                                                                                                                                                                                                      2.869.270.431




                                                                                                                                                                                                                                                                                        2.869.270.431
                                                                                                                                                                                                                                                  -
                                                                                                                                                                                                                                                  -
                                                                          LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF
                                                                            PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK




                                                                             (Disajikan dalam Rupiah, kecuali dinyatakan lain)
                                                                              UNTUK TAHUN YANG BERAKHIR PADA TANGGAL




                                                                                                                                         2021
                                                                                            LAIN KONSOLIDASIAN

                                                                                             31 DESEMBER 2021




                                                                                                                                                                                                                                                                                                                         (




                                                                                                                                                                                                                                                                                                                                                                                     (
                                                                                                                                                                                                                                                                                                                                                                                     (

                                                                                                                                                                                                                                                                                                                                                                                                                  (




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    (
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    (


                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 (




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         (
                                                                                                                                                                                                                                                                                                                                                                                                                                              Total kerugian komprehensif tahun
                                                                                                                                                                                                                                                                                                                                                                                                                                               berjalan yang dapat distribusikan
                                                                                                                                                  PENGHASILAN KOMPREHENSIF LAIN




                                                                                                                                                                                                                              Pengukuran kembali atas penyisihan




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       DIATRIBUSIKAN KEPADA PEMILIK
                                                                                                                                                                                                                                                                                                            TOTAL KERUGIAN KOMPREHENSIF




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    TOTAL KERUGIAN KOMPREHENSIF
                                                                                                                                                                                                                                                                                                                                                  Rugi tahun berjalan yang dapat
                                                                                                                                                                                                                                imbalan pasca-kerja karyawan




                                                                                                                                                                                                                                                                                                                                                                                                                  TOTAL RUGI TAHUN BERJALAN




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      RUGI PER SAHAM DASAR YANG
                                                                                                                                                                                             direklasifikasi ke laba rugi:




                                                                                                                                                                                                                                                                                                                                                                                     Kepentingan non pengendali




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Kepentingan non pengendali
                                                                                                                                                                                                                                                                       Total penghasilan (kerugian)
                                                                                                                                                                                                                              Surplus revaluasi aset tetap
                                                                                                                                                                                                                              Pajak penghasilan terkait
                                                                                                                                                                                           Pos-pos yang tidak akan




                                                                                                                                                                                                                                                                                                                                                   distribusikan kepada:

                                                                                                                                                                                                                                                                                                                                                                                     Pemilik entitas induk




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Pemilik entitas induk




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     TAHUN BERJALAN
                                                                                                                                                                                                                                                                        komprehensif lain


                                                                                                                                                                                                                                                                                                             TAHUN BERJALAN




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       ENTITAS INDUK
                                                                                                                                                                                                                                                                                                                                                                                                                                               kepada:
Page 83
                                                                                                                                                                                                                                                                                                                                              361.011.690.496)



                                                                                                                                                                                                                                                                                                                                                                                                                   67.417.954.906)
                                                         Exhibit C/2




                                                                                                                                                                                                                                                                                                                                                                                                                                                            264.233.200




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       2.869.270.431
                                                                                                                                                                                                                                                                                                                         461.687.352.698




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        36.391.210.927
                                                                                                                                                                                                                                                                                          Total Ekuitas/
                                                                                                                                                                                                                                                                                          Total Equity
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               These consolidated financial statements are originally
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              issued in Indonesian language




                                                                                                                                                                                                                                                                                                                                              14.391.025.464 ) (



                                                                                                                                                                                                                                                                                                                                                                                                                   67.417.954.906) (
                                                                                                                                                                                                                                                                                                                         72.467.497.278)




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       143.034.461)


                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        154.155.278.909)
                                                                                                                                                                                                                                                                                                                                                                                                                                                            264.233.200
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Ekshibit D                                                                              Exhibit D




                                                                                                                                                                                                                                                                                 Non-controlling
                                                                                                                                                                                                                                                                                 nonpengendali/




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               See accompanying Notes to the Consolidated Financial Statements on
                                                                                                                                                                                                                                                                                  Kepentingan


                                                                                                                                                                                                                                                                                    interest
                                                                        CONSOLIDATED STATEMENT OF CHANGES IN EQUITY                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                                       PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                                                                         PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES


                                                                          (Expressed in Rupiah, unless otherwise stated)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 LAPORAN ARUS KAS KONSOLIDASIAN                                               CONSOLIDATED STATEMENT OF CASH FLOWS




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      the Consolidated Financial Statements taken as a whole
These consolidated financial statements are originally




                                                                            FOR THE YEAR ENDED DECEMBER 31, 2021
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          UNTUK TAHUN YANG BERAKHIR PADA TANGGAL 31                                                      FOR THE YEAR ENDED
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            DESEMBER 2021                                                                 DECEMBER 31, 2021




                                                                                                                                                                                                                                                                                                                         534.154.849.976 (




                                                                                                                                                                                                                                                                                                                                                                                                                   - (




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       3.012.304.892 (


                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        190.546.489.836 (
                                                                                                                                                                                                                                                                                                                                              346.620.665.032) (




                                                                                                                                                                                                                                                                                                                                                                                                                                                            -
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          (Disajikan dalam Rupiah, kecuali dinyatakan lain)                                  (Expressed in Rupiah, unless otherwise stated)




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Exhibit E which are an integral part of
            issued in Indonesian language




                                                                                                                                                                                                                                                                                          Total/
                                                                                                                                                                                                                                                                                          Total
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Catatan/
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          2021               Notes           2020




                                                                                                                                                                                                                                                                                                                                              - (



                                                                                                                                                                                                                                                                                                                                                                                                                   -


                                                                                                                                                                                                                                                                                                                                                                                                                                                            -




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       -
                                                                                                                                                                                                                                                                                                                         630.654.463.350




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        630.654.463.350
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    ARUS KAS DARI AKTIVITAS OPERASI                                                                                     CASH FLOWS FROM OPERATING ACTIVITIES




                                                                                                                                                                                                                           of Fixed Assets
                                                                                                                                                                                                                            Revaluation
                                                                                                                                                                                                                             Aset Tetap/
                                                                                                                                                                                                                              Revaluasi
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Penerimaan kas dari pelanggan                         58.258.946.999                   138.357.911.122                             Cash received from customers

                                                                                                                                                                                                                               Surplus




                                                                                                                                                                                                                               surplus
                                                                                                                                                                                     Penghasilan komprehensif lain/
                                                                                                                                                                                      Other comprehensive income




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Cash payments to suppliers
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Pembayaran kas kepada pemasok dan pihak lain      (   40.275.978.924)              (    43.140.147.124)                                    and other parties
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Pembayaran untuk aktivitas operasi lainnya        (   14.125.568.112)              (   142.791.643.344)                  Payments for other operating activities
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Penerimaan bunga                                             536.015                     1.492.313.650                                         Interests received



                                                                                                                                                                                                                                                                                                                         2.309.030.741)




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       3.012.304.892
                                                                                                                                                                                                                                                                                                                                              -



                                                                                                                                                                                                                                                                                                                                                                                                                   -


                                                                                                                                                                                                                                                                                                                                                                                                                                                            -




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        703.274.151
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Pembayaran pajak                                  (      451.983.967)              (       298.462.730)                                       Payments for taxes
                                                                                                                                                                                                                      Kerja karyawan/
                                                                                                                                                                                                                      Remeasurement
                                                                                                                                                                                                                       Imbalan pasca-




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Kenaikan piutang Iain-lain pihak berelasi         (    2.108.779.758)              (     8.242.250.519)              Increase in other receivable related parties
                                                                                                                                                                                                                        Kembali atas




                                                                                                                                                                                                                        employment
                                                                                                                                                                                                                        of provision
                                                                                                                                                                                                                        Pengukuran

                                                                                                                                                                                                                         penyisihan




                                                                                                                                                                                                                          for post-

                                                                                                                                                                                                                          benefits



                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Arus kas neto diperoleh dari (digunakan untuk)                                                                            Net cash flows provided by (used in)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      aktivitas operasi                                   1.297.172.253                (   54.622.278.945)                                operating activities
                                                                                                                                                                                                                                                                                                                         (




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    ARUS KAS DARI AKTIVITAS INVESTASI                                                                                    CASH FLOWS FROM INVESTING ACTIVITIES
                                                                                                                                                                                                                                                                                                                         171.481.168)




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        171.481.168)
                                                                                                                                                                                                                                                                                                                                              -



                                                                                                                                                                                                                                                                                                                                                                                                                   -


                                                                                                                                                                                                                                                                                                                                                                                                                                                            -




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       -
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Penurunan uang muka pembelian saham                    2.306.426.822                                 -                 Decrease advance for purchases of stock
                                                                                                                                                                                                                       nonpengendali/




                                                                                                                                                                                                                       non controlling
                                                                                                                                                                                                                        acquisition of
                                                                                                                                                                                                                         arising from
                                                                                                                                                                                                                         kepentingan
                                                                                                                                                                                                                          Selisih atas



                                                                                                                                                                                                                          Difference




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Penurunan uang muka pembelian                          1.524.009.802                                 -                       Decrease in advances for purchases
                                                                                                                                                                                                                           interest
                                                                                                                                                                                                                            akuisisi




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Hasil penjualan aset tetap                               565.000.000      12             2.005.200.000                         Proceeds from sale of fixed assets
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Penambahan aset tetap                             (    4.417.399.176)    12,27     (     4.206.356.158)                                 Additions to fixed assets
                                                                                                                                   Attributable to equity holders of parent entity
                                                                                                                                     Diatribusikan kepada pemilik entitas induk/




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Kas keluar atas entitas anak yang dekonsolidasi   (      152.394.051)                                -             Cash out flow from deconsolidated subsidiary
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Pencairan investasi jangka pendek                                  -                    38.940.000.000                   Redemption of short -term investment
                                                                                                                                                                                                                                                                                                                         862.180.075.050) (




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        1.208.800.740.082 )(
                                                                                                                                                                                                                                                                                                                                              346.620.665.032)



                                                                                                                                                                                                                                                                                                                                                                                                                   -


                                                                                                                                                                                                                                                                                                                                                                                                                                                            -




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       -



                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Arus kas neto (digunakan untuk) diperoleh dari                                                                  Net cash flows (used in) provided by investing
                                                                                                                                                                                                                             Saldo Laba (defisit)/ Retained Earnings (deficit)

                                                                                                                                                                                                                                                                                     Tidak ditentukan
                                                                                                                                                                                                                                                                                     penggunaannya/
                                                                                                                                                                                                                                                                                     Unappropriated




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      aktivitas investasi                             (    174.356.603)                    36.738.843.842                                              activities
                                                         Ekshibit C/2




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    ARUS KAS DARI AKTIVITAS PENDANAAN                                                                                    CASH FLOWS FROM FINANCING ACTIVITIES

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Utang pihak berelasi                                   1.258.458.347                     5.431.681.749                                   Due to related parties
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        9.500.000.000 (
                                                                                                                                                                                                                                                                                                                         9.500.000.000 (

                                                                                                                                                                                                                                                                                                                                              -(




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Pembayaran utang sewa pembiayaan                  (      782.892.540)                                -                                Payment of lease payable
                                                                                                                                                                                                                                                                                                                                                                                                                   -


                                                                                                                                                                                                                                                                                                                                                                                                                                                            -




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       -




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Penerimaan dari uang muka saham                                    -                       500.000.000             Receipts from advances for stock subscription
                                                                        UNTUK TAHUN YANG BERAKHIR PADA TANGGAL 31 DESEMBER 2021




                                                                                                                                                                                                                                                                                     penggunaannya/
                                                                                                                                                                                                                                                                                      Appropriated
                                                                                                                                                                                                                                                                                       Ditentukan




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Arus kas neto diperoleh dari aktivitas
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      pendanaan                                            475.565.807                      5.931.681.749          Net cash flows provided by financing activities
                                                                               PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK


                                                                               (Disajikan dalam Rupiah, kecuali dinyatakan lain)




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Ekshibit E terlampir yang merupakan bagian tidak terpisahkan

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               NET INCREASE (DECREASE) IN CASH ON HAND AND IN
                                                                                LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    KENAIKAN (PENURUNAN) NETO KAS DAN BANK                1.598.381.457                (   11.951.753.354)                                         BANKS
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 dari Laporan Keuangan Konsolidasian secara keseluruhan
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Lihat Catatan atas Laporan Keuangan Konsolidasian pada
                                                                                                                                                                                                                                                                                                                                              -



                                                                                                                                                                                                                                                                                                                                                                                                                   -


                                                                                                                                                                                                                                                                                                                                                                                                                                                            -




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       -
                                                                                                                                                                                                                                                                                                                         72.343.600.000




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        72.343.600.000




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    KAS DAN BANK AWAL TAHUN                               2.820.659.621                    14.768.583.370 CASH ON HAND AND IN BANKS AT BEGINNING OF YEAR
                                                                                                                                                                                                                             Setoran Modal/

                                                                                                                                                                                                                              Future Stock
                                                                                                                                                                                                                              Subscription
                                                                                                                                                                                                                              Advance for
                                                                                                                                                                                                                               Uang Muka




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    PENGARUH PERUBAHAN KURS                                                                                                        EFFECT OF FOREIGN CURRENCY
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      MATA UANG ASING                                         2.712.982                         3.829.605                           EXCHANGE RATE CHANGES

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    KAS DAN BANK AKHIR TAHUN                              4.421.754.060        4            2.820.659.621           CASH ON HAND AND IN BANKS AT END OF YEAR
                                                                                                                                                                                                                                                                                                                                              -



                                                                                                                                                                                                                                                                                                                                                                                                                   -


                                                                                                                                                                                                                                                                                                                                                                                                                                                            -




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       -
                                                                                                                                                                                                                                                                                                                         345.753.913.585




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        345.753.913.585
                                                                                                                                                                                                                                                                                 paid-in capital
                                                                                                                                                                                                                                                                                 modal disetor/
                                                                                                                                                                                                                                                                                   Additional
                                                                                                                                                                                                                                                                                   Tambahan




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Lihat Catatan atas Laporan Keuangan Konsolidasian pada                              See accompanying Notes to the Consolidated Financial
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Ekshibit E terlampir yang merupakan bagian tidak terpisahkan                          Statements on Exhibit E which are an integral part of
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        dari Laporan Keuangan Konsolidasian secara keseluruhan                             the Consolidated Financial Statements taken as a whole
                                                                                                                                                                                                                                                                                                                                              -



                                                                                                                                                                                                                                                                                                                                                                                                                   -


                                                                                                                                                                                                                                                                                                                                                                                                                                                            -




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       -
                                                                                                                                                                                                                                                                                                                         340.563.460.000




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        340.563.460.000
                                                                                                                                                                                                                                                                                 Dan disetor penuh/
                                                                                                                                                                                                                                                                                 Modal ditempatkan

                                                                                                                                                                                                                                                                                  Issued and fully
                                                                                                                                                                                                                                                                                    paid capital




                                                                                                                                                                                                                                                                                                                                                                                      Kepentingan non pengendali dari entitas anak



                                                                                                                                                                                                                                                                                                                                                                                                                                       Perubahan lainnya dari kepentingan non pen-




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       for post-employment benefits - net of de-
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Pengukuran kembali atas penyisihan imbalan

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       tangguhan/ Remeasurement of provision
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        pasca-kerja karyawan - setelah pajak
                                                                                                                                                                                                                                                                                                                                              Rugi tahun berjalan/Loss for the year




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Balance per December 31, 2021
                                                                                                                                                                                                                                                                                                              Balance per January 1, 2021




                                                                                                                                                                                                                                                                                                                                                                                      yang tidak dikonsolidasi/NCI of




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Saldo per 31 Desember 2021/
                                                                                                                                                                                                                                                                                                                                                                                                                                       gendali/changes of other NCI
                                                                                                                                                                                                                                                                                                           Saldo per 1 Januari 2021/




                                                                                                                                                                                                                                                                                                                                                                                      deconsolidated subsidiary




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       ferred tax
Page 84
                                                                 These consolidated financial statements are originally                                                                                These consolidated financial statements are originally
                                                                           issued in Indonesian language                                                                                                         issued in Indonesian language

                                               Ekshibit E                                                          Exhibit E                                                    Ekshibit E/2                                                          Exhibit E/2

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                  PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                       PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                         PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                               NOTES TO THE CONSOLIDATED FINANCIAL                                         CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                           STATEMENTS                                                    KEUANGAN KONSOLIDASIAN                                                   STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                            AS OF DECEMBER 31, 2021 AND                                TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                   AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                FOR THE YEAR THEN ENDED                                     YANG BERAKHIR PADA TANGGAL TERSEBUT                                       FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)             (Expressed in Rupiah, unless otherwise stated)                   (Disajikan dalam Rupiah, kecuali dinyatakan lain)                    (Expressed in Rupiah, unless otherwise stated)

1. U M U M                                                   1. G E N E R A L                                                  1. U M U M (Lanjutan)                                             1. G E N E R A L (Continued)
  a. Pendirian Perusahaan dan Informasi Umum                   a. The Company’s          Establishment       and    General       a. Pendirian Perusahaan dan Informasi Umum (Lanjutan)             a. The   Company’s      Establishment          and     General
                                                                  Information                                                                                                                          Information (Continued)
     PT Bukit Uluwatu Villa Tbk (“Perusahaan”) didirikan          PT Bukit Uluwatu Villa Tbk (the “Company”) was                     Pada tanggal 19 Juni 2015, Rapat Umum Pemegang                     On June 19, 2015, the Annual General Meeting of
     di Republik Indonesia pada tanggal 15 Desember               established in the Republic of Indonesia on                        Saham Tahunan Perusahaan, sesuai dengan Akta Risalah               Shareholders of the Company pursuant to the Deed of
     2000 berdasarkan Akta Pendirian No. 53 dari notaris          December 15, 2000 based on the Notarial Deed                       Rapat Umum Pemegang Saham Tahunan Perusahaan No.                   Minutes of Meeting of General Meeting of the
     Sugito Tedjamulja, S.H.. Akta Pendirian telah                No. 53 of Sugito Tedjamulja, S.H.. The Deed of                     68 yang dibuat oleh Notaris Ashoya Ratam S.H., M.Kn.,              Company’s Shareholders No. 68 made before Ashoya
     disahkan oleh Menteri Hukum dan Hak Asasi Manusia            Establishment was approved by the Ministry of Laws                 memutuskan untuk menyetujui perubahan Anggaran                     Ratam S.H., M.Kn., resolved to approved the changes
     Republik Indonesia dalam Surat Keputusannya                  and    Human     Rights    of the     Republic   of                Dasar Perusahaan, dalam rangka penyesuaian dengan                  in the Company’s Articles of Association,to conform
     No.C-27344HT.01.01.TH.2003 tanggal 14 November               Indonesia in its Decision Letter No.C-27344                        POJK 32/2014 dan POJK 33/2014.                                     with POJK 32/2014 and POJK 33/2014.
     2003. Akta Pendirian ini telah didaftarkan di Kantor         HT.01.01. TH.2003 on November 14, 2003. The Deed
                                                                                                                                     Pada tanggal 29 Juni 2016, Risalah Rapat Umum                      On June 29, 2016, the Annual General Meeting of
     Pendaftaran    Perusahaan      Dinas    Perindustrian        of Establishment has been registered at the
                                                                                                                                     Pemegang Saham Tahunan Perusahaan No. 78 yang                      Shareholders of the Company No. 78 made before
     dan       Perdagangan        Kabupaten        Badung         Registration Office of the Department of Trade and
                                                                                                                                     dibuat oleh Notaris Ashoya Ratam S.H., M.Kn.,                      Ashoya Ratam S.H., M.Kn., resolved among others:
     No. 1342/RUB.22-08/II/2007      tanggal    7 Februari        Industry in Badung No. 1342/RUB.22-08/II/2007 on                   memutuskan diantaranya:
     2007, akta mana telah diumumkan dalam Berita                 February 7, 2007, and published in State Gazette of
     Negara Republik Indonesia No. 44 tanggal 30 Mei              the Republic of Indonesia No. 44 on May 30, 2008,                  1. Menyetujui pelaksanaan Penambahan Modal Tanpa                   1. Approved Capital Increase without Preemptive
     2008, Tambahan Berita Negara No. 7433.                       Supplement No. 7433.                                                   Hak Memesan Efek Terlebih Dahulu (PMTHMETD)                        Rights (PMTHMETD)        amounted to       309,603,100
                                                                                                                                         sejumlah 309.603.100 saham;                                        shares;
     Status Perusahaan telah diubah dari penanaman                The Company’s status has been changed from
     modal asing menjadi penanaman modal dalam                    foreign investment company (PMA) to domestic                       2. Persetujuan pengangkatan dan penunjukan kembali                 2. Approved      the   appointment     and   the
     negeri   berdasarkan   Surat   keputusan  dari               investment company based on the approval letter of                     anggota Direksi dan anggota Dewan Komisaris;                       re-appointment of the Directors and Board of
     Badan Koordinasi Penanaman Modal (BKPM)                      the Capital Investment Coordinating Board (BKPM)                                                                                          Commissioners;
     No. 26/1/IU/I/ PMDN/PARIWISATA/2012 tanggal                  No.    26/1/IU/I/   PMDN/PARIWISATA/2012        on
     20 Juli 2012 tentang Izin Usaha Penyediaan                   July 20, 2012 regarding Business License of                        3. Menyetujui untuk memberikan kuasa dan wewenang                  3. Approved the granting of authority to the Board of
     Akomodasi.                                                   Accomodation Service.                                                  kepada Direksi Perusahaan untuk mengalihkan                       Directors to transfer and/or pledge more than 50%
                                                                                                                                         dan/atau menjadikan lebih besar dari 50% (lima                    (fifty percent) of the Company’s assets as collateral
     Anggaran Dasar Perusahaan telah mengalami                    The Company’s Articles of Association has been                         puluh persen) kekayaan sebagai jaminan utang atas                 under the Company’s name to obtain new financing
     beberapa kali perubahan, perubahan terakhir                  amended several times, the latest of which was                         nama Perusahaan guna mendapatkan pendanaan                        from bank and bonds or securities offering within
     sebagaimana termuat dalam akta No. 49 tanggal                through Notarial Deed No. 49 of Ashoya Ratam,                          baru yang berasal dari sumber perbankan dan                       1 (one) or more transactions which are related to
     28 Agustus 2020 yang dibuat di hadapan                       S.H., M.Kn., on August 28, 2020, regarding the                         penerbitan obligasi atau Surat berharga, dalam 1                  each other or not.
     Ashoya Ratam, S.H., M.Kn., mengenai persetujuan              approval of changes in the composition of the                          (satu) transaksi atau lebih, baik yang berkaitan satu
     atas perubahan susunan anggota Direksi dan Dewan             members of the Board of Directors and Board of                         sama lain maupun tidak.
     Komisaris dan perubahan anggaran dasar perusahaan            Commissioners and changes to the company's
                                                                                                                                     Pada tanggal 16 Februari 2017, Rapat Umum Pemegang                 On February 16, 2017, the Extraordinary General
     dalam rangka penyesuaian dengan ketentuan POJK               articles of association in order to comply with POJK
                                                                                                                                     Saham Luar Biasa, sesuai dengan Akta Risalah Rapat                 Meeting of Shareholders pursuant to the Deed of
     No. 14/POJK.04/2019, POJK No. 15/POJK.04/2020                provisions no. 14/POJK.04/2019, POJK No.                           Umum Pemegang Saham Luar Biasa No. 13 yang dibuat                  Minutes of Meeting of Extraordinary General Meeting
     dan POJK No. 16/POJK.04/2020. Akta ini telah                 15/POJK.04/2020 and POJK No. 16/POJK.04/2020.                      oleh Notaris Ashoya Ratam S.H., M.Kn., memutuskan                  of the Companys Shareholders No. 13 made before
     mendapatkan      persetujuan   Menteri     Hukum             This Deed was approved by Ministry of Laws and                     untuk menyetujui pengangkatan Tuan Jongik Kwon                     Ashoya Ratam S.H., M.Kn., resolved to approved the
     dan Hak Asasi Manusia Republik Indonesia                     Human Rights of the Republic of Indonesia                          selaku Komisaris Perseroan menggantikan Tuan John                  appointment of Mr. Jongik Kwon as a Commissioners
     berdasarkan Surat No. AHU-AH.01.03-0383116 dan               based on letter No. AHU-AH.01.03-0383116                           Daniel Rasjad.                                                     replacing Mr. John Daniel Rasjad.
     No. AHU-0147817.AH.01.11.TAHUN 2020 tanggal                  and No.AHU-0147817.AH.01.11.YEAR 2020 on
     7 September 2020.                                            September 7, 2020.                                                 Pada tanggal 16 Juni 2017, Risalah Rapat Umum                      On June 16, 2017, the Annual General Meeting of
                                                                                                                                     Pemegang Saham Tahunan No. 43 yang dibuat oleh                     Shareholders of the Company      No. 43 made before
     Sesuai dengan pasal 3 Anggaran Dasar Perusahaan,             In accordance with Article 3 of the Company’s                      Notaris Ashoya Ratam S.H., M.Kn., memutuskan                       Ashoya Ratam S.H., M.Kn., resolved among others:
     ruang lingkup kegiatan Perusahaan terutama                   Articles of Association, the scope of its activities is            diantaranya:
     meliputi penyediaan jasa akomodasi (cottage) yang            to engage in the cottage industry which is later on
     kemudian berubah menjadi bidang jasa akomodasi               changed into cottage and hotel industry. The                       1. Menyetujui dan mengesahkan penetapan dan                        1. Approved and authorized the establishment and
     (cottage) dan bidang perhotelan. Perubahan atas              amendment in Article 3 of the Company’s Articles                      penggunaan laba bersih Perusahaan yang berasal                     use of the Company’s net income for the year
     pasal 3 Anggaran Dasar Perusahaan adalah dengan              of Association is by Deed No. 23 on January 16, 2012                  dari tahun buku yang berakhir pada tanggal                         ended December 31, 2016;
                                                                                                                                        31 Desember 2016;
     Akta No. 23 tanggal 16 Januari 2012 yang dibuat              of Novita Puspitarini, S.H., whereby there has been
     dihadapan Notaris Novita Puspitarini, S.H., dimana           separation between the Company’s main business                     2. Persetujuan     untuk     mengalihkan      dan/atau             2. Approved the granting of authority to the Board of
     telah dilakukan pemisahan kegiatan usaha utama               activities and the Company’s supporting business                      menjaminkan lebih dari 50% (lima puluh persen)                     Directors to transfer and/or pledge more than 50%
     Perusahaan dengan kegiatan usaha penunjang                   activities. The Company is domiciled in Badung,                       kekayaan Perusahaan sebagai jaminan hutang atas                    (fifty percent) of the Company’s assets as
     Perusahaan. Perusahaan berdomisili di Badung, Bali.          Bali. The Company is the owner of Alila Ubud Hotel                    nama Perusahaan baik untuk pendanaan yang sudah                    collateral under the Company’s name for the
     Perusahaan adalah pemilik Hotel Alila Ubud yang              which has been commercially operating since                           diterima maupun untuk pendanaan baru yang                          previous financing and also for the new financing
     telah beroperasi secara komersial sejak Desember             December 1996 and located in Desa Melinggih Kelod                     berasal dari sumber perbankan dan/atau penerbitan                  from bank and bonds or securities offering within 1
     1996 dan berlokasi di Desa Melinggih Kelod                   Payangan, Ubud, Gianyar, Bali and Alila Villas                        Surat berharga, dalam 1 (satu) transaksi atau lebih,               (one) or more transactions which are related to
     Payangan, Ubud, Gianyar, Bali dan Alila Villas               Uluwatu which has been commercially operating                         baik yang berkaitan satu sama lain maupun tidak.                   each other or not.
     Uluwatu yang telah beroperasi secara komersial               since June 2009 and located in Pecatu, Bali.
     sejak Juni 2009 dan berlokasi di Pecatu, Bali.
Page 85
                                                                     These consolidated financial statements are originally                                                                               These consolidated financial statements are originally
                                                                               issued in Indonesian language                                                                                                        issued in Indonesian language

                                               Ekshibit E/3                                                         Exhibit E/3                                                   Ekshibit E/4                                                           Exhibit E/4

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                    PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                         PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                       PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                                  NOTES TO THE CONSOLIDATED FINANCIAL                                          CATATAN ATAS LAPORAN                                     NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                              STATEMENTS                                                     KEUANGAN KONSOLIDASIAN                                                 STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                              AS OF DECEMBER 31, 2021 AND                                  TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                 AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                                  FOR THE YEAR THEN ENDED                                       YANG BERAKHIR PADA TANGGAL TERSEBUT                                     FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)               (Expressed in Rupiah, unless otherwise stated)                     (Disajikan dalam Rupiah, kecuali dinyatakan lain)                  (Expressed in Rupiah, unless otherwise stated)

1. U M U M (Lanjutan)                                          1. G E N E R A L (Continued)                                        1. U M U M (Lanjutan)                                            1. G E N E R A L (Continued)
                                                                                                                                      b. Penawaran Umum Saham Perusahaan                                b. Public Offering of the Company’s Shares
   a. Pendirian Perusahaan dan Informasi Umum (Lanjutan)          a. The   Company’s      Establishment          and     General
                                                                     Information (Continued)                                             Pada tanggal 30 Juni 2010, Perusahaan memperoleh                  On June 30, 2010, the Company obtained the effective
                                                                                                                                         pernyataan efektif pendaftaran saham dari Ketua Badan             statement          of       share         registration
       Pada tanggal 29 Juni 2018, Rapat Umum Pemegang                 On June 29, 2018, the Annual General Meeting of                    Pengawas Pasar Modal dan Lembaga Keuangan                         No. S-5931/BL/2010 from the Chairman of the Capital
       Saham Tahunan Perusahaan, sesuai dengan Akta                   Shareholders of the Company pursuant to the Deed of                (BAPEPAM-LK) dengan Surat No. S-5931/BL/2010 atas                 Market and Financial Institution Supervisory Agency
       Pernyataan Keputusan Rapat Umum Pemegang Saham                 Minutes of Meeting of General Meeting of the                       penawaran umum perdana sejumlah 857.142.500 saham                 (BAPEPAM-LK) for its initial public offering of
       Tahunan Perusahaan No. 60 yang dibuat oleh Notaris             Company’s Shareholders No. 60 made before Ashoya                   biasa dengan harga penawaran sebesar Rp260 per                    857,142,500 common shares at offering price of Rp260.
       Ashoya Ratam S.H., M.Kn., memutuskan untuk                     Ratam S.H., M.Kn., resolved to approved the                        saham. Pada tanggal 12 Juli 2010, seluruh saham                   On July 12, 2010, these shares were listed on the
       menyetujui pengangkatan Tuan Seong Hoon Park selaku            appointment of Mr. Seong Hoon Park as a Commissioner               Perusahaan tersebut telah dicatatkan pada Bursa Efek              Indonesia Stock Exchange.
       Komisaris Perseroan menggantikan Tuan Jongik Kwon.             replacing Mr. Jongik Kwon.                                         Indonesia.

       Pada tanggal 29 Juni 2018, Rapat Umum Pemegang                 On June 29, 2018, the Extraordinary General Meeting                Sesuai dengan keputusan Rapat Umum Pemegang Saham                 Based on the Extraordinary General Meeting of
       Saham Luar Biasa, sesuai dengan Akta Pernyataan                of Shareholders pursuant to the Deed of Minutes of                 Luar Biasa (RUPSLB) yang diselenggarakan pada tanggal             Shareholders (RUPSLB) on June 8, 2012, the Company
       Keputusan Rapat Umum Pemegang Saham Luar Biasa                 Meeting of Extraordinary General Meeting of the                    8 Juni 2012, Perusahaan telah melakukan peningkatan               increased the authorized and paid-up capital whereby
       No. 61 yang dibuat oleh Notaris Ashoya Ratam S.H.,             Company’s Shareholders No. 61 made before Ashoya                   modal ditempatkan dan disetor dimana peningkatan                  the capital increase was conducted without Pre-
       M.Kn., memutuskan diantaranya:                                 Ratam S.H., M.Kn., resolved among others:                          modal tersebut dilakukan tanpa HMETD sebesar                      emptive Rights totaling 238,889,000 shares with
                                                                                                                                         238.889.000 saham dengan nilai nominal Rp100.                     nominal value amounting to Rp100.
       1. Pelaksanaan pemecahan nilai nominal saham (stock            1. The implementation of stock split of the Company
          split) Perseroan dari Rp100,- (seratus Rupiah) per             from Rp100, - (one hundred Rupiah) per share to                 Sesuai dengan keputusan Di Luar Rapat Dewan                       Based on the Non-Commissioner Decision Statement on
          lembar saham menjadi Rp50,- (lima puluh Rupiah)                Rp50, - (fifty Rupiah) per share;                               Komisaris pada tanggal 29 November 2016, Perusahaan               November 29, 2016, the Company increased the
          per lembar saham;                                                                                                              telah melakukan peningkatan modal ditempatkan dan                 authorized and paid-up capital conducted without Pre-
                                                                                                                                         disetor melalui PMTHMETD sebesar 309.603.100 saham                emptive Rights totaling 309,603,100 shares with
       2. Modal Dasar Perseroan yang semula terbagi atas              2. The authorized capital of the Company which was                 dengan nilai nominal Rp100 (Catatan 21).                          nominal value amounting to Rp100 (Note 21).
          6.000.000.000 (enam miliyar) saham dengan nilai                originally     divided      into   6,000,000,000
          nominal Rp100,- (seratus Rupiah) menjadi                       (six billion) shares with par value of Rp100, -              c. Dewan Komisaris, Direksi dan Karyawan                          c. Boards of Commissioners, Directors and Employees
          12.000.000.000 (dua belas miliyar) saham dengan                (one     hundred    Rupiah)    to 12,000,000,000
          nilai nominal Rp50,- (lima puluh Rupiah);                      (twelve billion) shares with par value of Rp50,                 Pada tanggal 28 Agustus 2020, berdasarkan Rapat                   On Augus 28, 2020, based on the Extraordinary General
                                                                         (fifty Rupiah)                                                  Umum Pemegang Saham Luar Biasa, sesuai dengan Akta                Meeting of Shareholders pursuant to the Deed of
                                                                                                                                         Pernyataan Keputusan Rapat Umum Pemegang Saham                    Minutes of Meeting of Extraordinary General Meeting
       3. Modal Ditempatkan dan Disetor Perseroan yang                3. Issued and fully paid capital of the Company which              Luar Biasa No. 49 dan 50 yang dibuat oleh Notaris                 of the Company’s Shareholders No. 49 and made before
          semula terbagi atas 3.405.634.600 saham dengan                 was originally divided into 3,405,634,600 shares                Ashoya Ratam S.H., M.Kn., susunan Dewan Komisaris                 Ashoya Ratam S.H., M.Kn., the composition of the
          nilai nominal Rp100,- menjadi 6.811.269.200 saham              with par value Rp100,- to 6,811,269,200 shares                  pada tanggal 31 Desember 2021 dan 2020 adalah                     Board of Commissioners as of December 31, 2021 and
          dengan nilai nominal Rp50,-.                                   with par value of Rp50,-                                        sebagai berikut:                                                  2020 are as follows:

       Pada tanggal 8 April 2019, Rapat Umum Pemegang                 On April 8, 2019, the Extraordinary General Meeting of             Dewan Komisaris                                                                                  Board of Commissioners
       Saham Luar Biasa, sesuai dengan Akta Risalah Rapat             Shareholders pursuant to the Deed of Minutes of                    Presiden Komisaris              :              Okie Rehardi Lukita                 :              President Commissioner
       Umum Pemegang Saham Luar Biasa No. 15 yang dibuat              Meeting of Extraordinary General Meeting of the                    Komisaris                       :                Seong Hoon Park                   :                        Commissioner
       oleh Notaris Ashoya Ratam S.H., M.Kn., menyetujui              Company’s Shareholders No. 15 made before Ashoya                   Komisaris Independen            :                Alexander Shaik                   :           Independent Commissioner
       untuk mengalihkan dan/atau menjaminkan lebih dari              Ratam S.H., M.Kn., approved the granting of authority              Komisaris Independen            :           Johanes Johandi Kumaheri               :           Independent Commissioner
       50% (lima puluh persen) kekayaan Perseroan sebagai             to the Board of Directors to transfer and/or pledge                Komisaris Independen            :              I Gusti Putu Wisesa                 :           Independent Commissioner
       jaminan utang atas nama Perseroan dan/atau entitas             more than 50% (fifty percent) of the Company's assets
       anak Perseroan guna mendapatkan pendanaan baru                 as debt collateral under the Company’s name and/or                 Direksi                                                                                                Board of Directors
       yang berasal dari sumber perbankan dan/atau                    the Company's subsidiaries for the new financing from              Presiden Direktur               :              Franky Tjahyadikarta                :                    President Director
       penerbitan Surat berharga.                                     bank and bonds or securities offering                              Direktur                        :                 Hendry Utomo                     :                              Director
                                                                                                                                         Direktur Independen             :         I Nyoman Tri Suryanegara Lingga          :                 Independent Director
       Entitas induk langsung dan entitas induk terakhir              The direct and ultimate holding entity of the Company
       Perusahaan adalah PT ALN yang memiliki persentase              is PT ALN which has 25.00% ownership of the Company                Berdasarkan Berita Acara Dewan Komisaris tanggal                  Based on the Minutes of the Board of Commissioners
       kepemilikan sebesar 25,00% pada Perusahan dengan               as of December 31, 2021.                                           15 November 2021 dan 12 Agustus 2020, susunan Komite              dated November 15, 2021 and August 12, 2020, the
       pada tanggal 31 Desember 2021.                                                                                                    Audit Perusahaan pada tanggal 31 Desember 2021 dan                composition of the Company's Audit Committee as of
                                                                                                                                         2020 adalah sebagai berikut:                                      December 31, 2021 and 2020 is as follows:

                                                                                                                                                                                      2021                           2020
                                                                                                                                           Komite Audit                                                                                             Audit Committee

                                                                                                                                             Ketua Komite Audit                 I Gusti Putu Wisesa          I Gusti Putu Wisesa          Head of Audit Committee
                                                                                                                                             Anggota                         Johanes Johandi Kumaheri          Johanes Johandi                            Member
                                                                                                                                                                                                                  Kumaheri
                                                                                                                                             Anggota                                Nurhayati                    Dian Claudia                                Member
Page 86
                                                                            These consolidated financial statements are originally                                                                                These consolidated financial statements are originally
                                                                                      issued in Indonesian language                                                                                                         issued in Indonesian language

                                                 Ekshibit E/5                                                                Exhibit E/5                                                 Ekshibit E/6                                                            Exhibit E/6

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                         PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                              PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                  PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED FINANCIAL                                               CATATAN ATAS LAPORAN                                NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                                   STATEMENTS                                                          KEUANGAN KONSOLIDASIAN                                            STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                   AS OF DECEMBER 31, 2021 AND                                       TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                            AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                                       FOR THE YEAR THEN ENDED                                            YANG BERAKHIR PADA TANGGAL TERSEBUT                                FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)                    (Expressed in Rupiah, unless otherwise stated)                          (Disajikan dalam Rupiah, kecuali dinyatakan lain)             (Expressed in Rupiah, unless otherwise stated)

1. U M U M (Lanjutan)                                                  1. G E N E R A L (Continued)                                          1. U M U M (Lanjutan)                                        1. G E N E R A L (Continued)

   c. Dewan Komisaris, Direksi dan Karyawan (Lanjutan)                        c.     Boards of Commissioners,            Directors    and       d.   Kepemilikan Saham pada Entitas Anak dan Entitas         d.     Shares Ownership in Subsidiaries and Associate
                                                                                     Employees (Continued)                                           Asosiasi (Lanjutan)                                            (Continued)

      Jumlah karyawan tetap Perusahaan dan Entitas Anak (Grup)                          The number of permanent employees of the                     Persentase kepemilikan Perusahaan dan total aset               The percentages of ownership of the Company and
      pada tanggal 31 Desember 2021 dan 2020 (tidak diaudit)                            Company and Subsidiaries (Group)        as of                entitas anak dan entitas asosiasi adalah sebagai               total assets of the subsidiaries and Associate are
      adalah sebagai berikut:                                                           December 31, 2021 and 2020 (Unaudited) totaled               berikut: (Lanjutan)                                            as follows: (Continued)
                                                                                        as follows :
                                                                                                                                                                                                                                              Persentase kepemilikan
                                                   2021                    2020                                                                                                                                                              /Percentage of ownership
                                                                                                                                                                                                           Tahun Beroperasi
      PT Bukit Uluwatu Villa Tbk                    357                    382                                 PT Bukit Uluwatu Villa Tbk                                                                   Komersial /Year          31 Desember /         31 Desember/
      PT Mandra Alila                               90                     91                                             PT Mandra Alila
                                                                                                                                                       Entitas Anak/     Domisili /   Kegiatan Usaha /       of Commercial             December              December
      PT Bukit Lentera Sejahtera                    14                     15                                  PT Bukit Lentera Sejahtera
      PT Bukit Lagoi Villa                           1                      2                                         PT Bukit Lagoi Villa             Subsidiaries      Domicile     Business Activity        Operation                 2021                  2020
      PT Bukit Nusa Harapan*                         -                      3                                     PT Bukit Nusa Harapan*
      PT Bukit Bali Permai                           -                      -                                        PT Bukit Bali Permai             PT Bukit Bali     Jakarta       Perdagangan,                    -                   99,00%                99,00%
      PT Sitaro Mitra Abadi                          -                      -                                       PT Sitaro Mitra Abadi              Permai (BBP)                   pembangunan,
      PT Dialog Mitra Sukses                         -                      -                                      PT Dialog Mitra Sukses                                             industri,
                                                                                                                                                                                      pertanian,
      Total                                         462                    493                                                   Total
                                                                                                                                                                                      percetakan,
                                                                                                                                                                                      pengangkutan,
   d. Kepemilikan Saham pada Entitas Anak dan Entitas                 d.    Shares Ownership in Subsidiaries and Associate
                                                                                                                                                                                      perbengkelan dan
      Asosiasi
                                                                                                                                                                                      jasa / Trading,
      Persentase kepemilikan Perusahaan dan total aset                       The percentages of ownership of the Company and                                                          construction,
      entitas anak dan entitas asosiasi adalah sebagai berikut:              total assets of the subsidiaries and Associate are as                                                    industry,
                                                                             follows:                                                                                                 agricultural,
                                                                                                                                                                                      printing,
                                                                                                        Persentase kepemilikan/                                                       transportation,
                                                                                                        Percentage of ownership                                                       workshops and
                                                                       Tahun Beroperasi                                                                                               services
                                                                      Komersial/ Year of                                 31 Desember/
          Entitas Anak/       Domisili/       Kegiatan Usaha/            Commercial                 31 Desember/           December                   PT Mandra Alila   Bali          Jasa Akomodasi                1995                  99,00%                99,00%
          Subsidiaries        Domicile        Business Activity           Operation                December 2021             2020                      (MA)                           (hotel dan
                                                                                                                                                                                      cottage) /
        PT Bukit Lagoi       Bintan        Jasa Akomodasi (hotel                   2010                 99,79%               99,79%                                                   Accomodation
          Villa (BLV)                      dan cottage)dan real                                                                                                                       (hotels and
                                           estat/Accomodation                                                                                                                         cottage)
                                           and real estate industry
                                                                                                                                                      PT Dialog Mitra   Jakarta       Jasa Akomodasi                  -                   99,00%                99,00%
        PT Sitaro Mitra      Jakarta       Jasa Akomodasi                           -                   80,29%               80,29%
          Abadi (SMA)                      (cottage) dan
                                                                                                                                                       Sukses (DMS)                   (cottage) dan
                                           perhotelan /                                                                                                                               perhotelan /
                                           Accomodation (cottage)                                                                                                                     Accomodation
                                           and hotels                                                                                                                                 (cottage) and
                                                                                                                                                                                      hotels
        PT Bukit Lentera     Jakarta       Perhotelan, penyedia                    2018                 60,00%               60,00%
          Sejahtera (BLS)                  makanan dan minuman
                                           dan jasa / Hospitality,
                                           food and beverage and
                                           services

        PT Bukit Nusa        Bali          Jasa Akomodasi (hotel                   2012                   0%                 60,00%
          Harapan (BNH)*                   dan cottage) dan real
                                           estat / Accomodation
                                           (hotels and cottage)
                                           and real estate industry

        * Didekonsolidasi pada tahun 2021/Deconsolidated in 2021
Page 87
                                                                           These consolidated financial statements are originally                                                                              These consolidated financial statements are originally
                                                                                     issued in Indonesian language                                                                                                       issued in Indonesian language

                                                  Ekshibit E/7                                                            Exhibit E/7                                                Ekshibit E/8                                                             Exhibit E/8

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                            PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                       PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                       PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED FINANCIAL                                        CATATAN ATAS LAPORAN                                     NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                                      STATEMENTS                                                   KEUANGAN KONSOLIDASIAN                                                 STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                      AS OF DECEMBER 31, 2021 AND                                TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                 AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                          FOR THE YEAR THEN ENDED                                     YANG BERAKHIR PADA TANGGAL TERSEBUT                                     FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                       (Expressed in Rupiah, unless otherwise stated)                   (Disajikan dalam Rupiah, kecuali dinyatakan lain)                  (Expressed in Rupiah, unless otherwise stated)

1. U M U M (Lanjutan)                                                 1. G E N E R A L (Continued)                                      1. U M U M (Lanjutan)                                           1.    G E N E R A L (Continued)

  d.   Kepemilikan Saham pada Entitas Anak dan Entitas                   d. Shares Ownership in Subsidiaries and Associate                d.   Kepemilikan Saham pada Entitas Anak dan Entitas                d. Shares Ownership in Subsidiaries and Associate
       Asosiasi (Lanjutan)                                                  (Continued)                                                        Asosiasi (Lanjutan)                                               (Continued)
       Persentase kepemilikan Perusahaan dan total aset                     The percentages of ownership of the Company and
                                                                                                                                               Persentase kepemilikan Perusahaan dan total aset                  The percentages of ownership of the Company and
       entitas anak dan entitas asosiasi adalah sebagai berikut:            total assets of the subsidiaries and Associate are as
       (Lanjutan)                                                           follows: (Continued)                                               entitas anak dan entitas asosiasi adalah sebagai                  total assets of the subsidiaries and Associate are
                                                                                                                                               berikut (Lanjutan):                                               as follows (Continued):
                                                                                                        Persentase kepemilikan
                                                                                                       /Percentage of ownership                                                                                                      Total Aset Sebelum Eliminasi/
                                                                      Tahun Beroperasi                                                                                                                                              Total Assets Before Eliminations
                                                                      Komersial /Year of                             31 Desember/                                                                                                        (dalam ribuan rupiah/
         Entitas Asosiasi /    Domisili /      Kegiatan Usaha /          Commercial           31 Desember /            December                                                                                                           in thousand Rupiah)
            Associate          Domicile        Business Activity          Operation           December 2021              2020                                                                                       Tahun
                                                                                                                                                                                                                  Beroperasi
        PT Kharisma           Jakarta         Perdagangan,                   2018                  25,00%                25,00%
                                                                                                                                                                                                                  Komersial/
          Jawara Abadi                        pembangunan, real
          (KJA)                               estat, jasa, industri                                                                                                                                                 Year of          31 Desember         31 Desember/
                                              kerajinan dan                                                                                      Entitas Anak/    Domisili/         Kegiatan Usaha/               Commercial          / December           December
                                              percetakan /                                                                                       Subsidiaries     Domicile          Business Activity              Operation             2021                2020
                                              Trading,
                                              construction, real                                                                                PT BLV            Bintan      Jasa Akomodasi (hotel dan               2010              238.787.646          240.645.881
                                              estate, services,
                                                                                                                                                                              cottage) dan real estat /
                                              industry craft and
                                                                                                                                                                              Accomodation (hotels and
                                              printing
                                                                                                                                                                              cottage) and real estate
        PT Culina Global      Jakarta         Penyedia makanan               2013                  50,24%               50,24%%                                               industry
          Utama (CGU)                         dan minuman dan
                                              jasa / Food and                                                                                   PT SMA            Jakarta     Jasa Akomodasi (cottage) dan              -                 9.590.083            9.590.094
                                              beverage and                                                                                                                    perhotelan / Accomodation
                                              services                                                                                                                        (cottage) and hotels
        Rincian mengenai entitas anak dari PT BBP adalah sebagai berikut:
                                                                                                                                                PT BLS            Jakarta     Perhotelan, penyedia                      -               232.070.035          215.618.502
        PT Bukit Awani        Jakarta         Bidang jasa /                    -                  99,00%                99,00%                                                makanan dan minuman dan
          Sejahtera                           Services                                                                                                                        jasa / Hospitality, food and
                                                                                                                                                                              beverage and services
        Rincian mengenai entitas anak dari PT DMS adalah sebagai berikut:
                                                                                                                                                PT BNH*           Bali        Jasa Akomodasi (hotel dan               2012                          -        363.745.027
        PT Dialog Grage       Cirebon         Pariwisata/                      -                  60,00%                60,00%
          Cirebon                             Touristy                                                                                                                        cottage) dan real estat /
                                                                                                                                                                              Accomodation (hotels and
        PT Mitra              Banyuwangi      Pengelolaan hotel /            2018                 22,43%                22,43%                                                cottage) and real estate
          Banyuwangi                          Hotels management                                                                                                               industry
          Selaras
                                                                                                                                                PT BBP            Jakarta     Perdagangan, pembangunan,                 -                     11.069               12.929
        Rincian mengenai entitas anak dari PT BNH adalah sebagai berikut:*
                                                                                                                                                                              industri, pertanian,
        PT Bukit Tebing       Jakarta         Perdagangan,                     -                    0%                  99,80%                                                percetakan, pengangkutan,
          Abadi                               perindustrian                                                                                                                   perbengkelan dan jasa /
                                              pembangunan dan                                                                                                                 Trading, construction,
                                              jasa / Trading,                                                                                                                 industry, agricultural,
                                              industry,                                                                                                                       printing, transportation,
                                              construction and                                                                                                                workshops and services
                                              services
                                                                                                                                                PT MA             Bali        Jasa Akomodasi (hotel dan               1995               47.702.181           53.506.498
        Rincian mengenai entitas anak dari PT KJA adalah sebagai berikut:                                                                                                     cottage) / Accomodation
                                                                                                                                                                              (hotels and cottage)
        PT Kharisma           Jakarta         Jasa rumah makan /             2018                 57,50%                60,00%
          Anugerah                            Restaurant
          Jawara Abadi
                                                                                                                                                * Didekonsolidasi pada tahun 2021/Deconsolidated in 2021

        * Didekonsolidasi pada tahun 2021/Deconsolidated in 2021
Page 88
                                                                                These consolidated financial statements are originally                                                                                  These consolidated financial statements are originally
                                                                                          issued in Indonesian language                                                                                                           issued in Indonesian language

                                                 Ekshibit E/9                                                                  Exhibit E/9                                                     Ekshibit E/10                                                         Exhibit E/10

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                             PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                          PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                          PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED FINANCIAL                                           CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                                       STATEMENTS                                                      KEUANGAN KONSOLIDASIAN                                                    STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                       AS OF DECEMBER 31, 2021 AND                                   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                    AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                                           FOR THE YEAR THEN ENDED                                        YANG BERAKHIR PADA TANGGAL TERSEBUT                                        FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)                        (Expressed in Rupiah, unless otherwise stated)                      (Disajikan dalam Rupiah, kecuali dinyatakan lain)                     (Expressed in Rupiah, unless otherwise stated)

1. U M U M (Lanjutan)                                                 1.   G E N E R A L (Continued)                                         1. U M U M (Lanjutan)                                               1. G E N E R A L (Continued)

  d.   Kepemilikan Saham pada Entitas Anak dan Entitas                     d.     Shares Ownership in Subsidiaries and Associate               d.     Kepemilikan Saham pada Entitas Anak dan Entitas              d.   Shares Ownership in Subsidiaries and Associate
       Asosiasi (Lanjutan)                                                        (Continued)                                                         Asosiasi (Lanjutan)                                               (Continued)

       Persentase kepemilikan Perusahaan dan total aset                           The percentages of ownership of the Company and                     Persentase kepemilikan Perusahaan dan total aset                  The percentages of ownership of the Company and total
       entitas anak dan entitas asosiasi adalah sebagai berikut                   total assets of the subsidiaries and associated                     entitas anak dan entitas asosiasi adalah sebagai berikut          assets of the subsidiaries and associated companies are
       (Lanjutan):                                                                companies are as follows (Continued):                               (Lanjutan):                                                       as follows (Continued):

                                                                                                     Total Aset Sebelum Eliminasi/                                                                                                          Total Aset Sebelum Eliminasi/
                                                                                                Total Assets Before Eliminations (dalam                                                                                                Total Assets Before Eliminations (dalam
                                                                                                             ribuan rupiah/                                                                                                                         ribuan rupiah/
                                                                                                          in thousand Rupiah)                                                                                                                    in thousand Rupiah)
                                                                                Tahun                                                                                                                                 Tahun
                                                                              Beroperasi                                                                                                                            Beroperasi
                                                                           Komersial /Year        31 Desember            31 Desember/                                                                            Komersial /Year       31 Desember /            31 Desember/
            Entitas Anak/           Domisili /    Kegiatan Usaha /          of Commercial          / December              December                 Entitas Asosiasi /       Domisili /      Kegiatan Usaha /     of Commercial          December                 December
            Subsidiaries            Domicile      Business Activity           Operation               2021                   2020                      Associated            Domicile        Business Activity      Operation              2021                     2020

                                                                                                                                              Rincian mengenai entitas anak dari PT BBP adalah sebagai berikut:
         PT DMS                   Jakarta        Jasa Akomodasi                      -             134.965.649            135.433.731
                                                 (cottage) dan                                                                                 PT BAS                      Jakarta          Bidang jasa /
                                                 perhotelan /                                                                                                                               Services                     -                  16.643                  17.393
                                                 Accomodation
                                                 (cottage) and                                                                                Rincian mengenai entitas anak dari PT DMS adalah sebagai berikut:
                                                 hotels
                                                                                                                                               PT DGC                      Cirebon          Pariwisata/                  -                82.251.919              86.036.231
                                                                                                                                                                                            Touristy
                                                                                                     Total Aset Sebelum Eliminasi/
                                                                                                Total Assets Before Eliminations (dalam        PT MBS                      Banyuwangi  Pengelolaan hotel                 -               151.837.783             162.051.563
                                                                                                             ribuan rupiah/                                                            / Hotels
                                                                                                          in thousand Rupiah)                                                          management
                                                                                Tahun                                                         Rincian mengenai entitas anak dari PT BNH* adalah sebagai berikut:
                                                                              Beroperasi
                                                                           Komersial /Year        31 Desember            31 Desember/         PT Bukit Tebing Abadi        Jakarta          Perdagangan,                 -                      -                  485.105
           Entitas Asosiasi /       Domisili /    Kegiatan Usaha /          of Commercial          / December              December             (BTA)                                       perindustrian
             Associated             Domicile      Business Activity           Operation               2021                   2020                                                           pembangunan dan
                                                                                                                                                                                            jasa / Trading,
         PT KJA                   Jakarta        Perdagangan,                      2018            445.676.910            460.957.665                                                       industry,
                                                 pembangunan,                                                                                                                               construction and
                                                 perindustrian,                                                                                                                             services
                                                 jasa,
                                                 pengangkutan,                                                                                Rincian mengenai entitas anak dari PT KJA adalah sebagai berikut:
                                                 percetakan,
                                                 perbengkelan,                                                                                PT Kharisma Augerah          Jakarta          Jasa rumah makan            2018             334.580.643             336.219.607
                                                 pertanian dan                                                                                  Jawara Abadi (KAJA)                         / Restaurant
                                                 kehutanan /
                                                 Trading,                                                                                      * Didekonsolidasi pada tahun 2021/Deconsolidated in 2021
                                                 construction,
                                                 industries,
                                                 services,
                                                 transportation,
                                                 printing,
                                                 workshop,
                                                 agriculture and
                                                 forestry

         PT CGU                   Jakarta        Penyedia makanan                  2013             3.116.214              2.503.441
                                                 dan minuman dan
                                                 jasa / Food and
                                                 beverage and
                                                 services
Page 89
                                                                   These consolidated financial statements are originally                                                                       These consolidated financial statements are originally
                                                                             issued in Indonesian language                                                                                                issued in Indonesian language

                                            Ekshibit E/11                                                       Exhibit E/11                                              Ekshibit E/12                                                      Exhibit E/12

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                  PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                       PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                                NOTES TO THE CONSOLIDATED FINANCIAL                                        CATATAN ATAS LAPORAN                              NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                            STATEMENTS                                                   KEUANGAN KONSOLIDASIAN                                          STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                            AS OF DECEMBER 31, 2021 AND                                TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                          AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                                FOR THE YEAR THEN ENDED                                     YANG BERAKHIR PADA TANGGAL TERSEBUT                              FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)             (Expressed in Rupiah, unless otherwise stated)                   (Disajikan dalam Rupiah, kecuali dinyatakan lain)           (Expressed in Rupiah, unless otherwise stated)

1. U M U M (Lanjutan)                                       1. G E N E R A L (Continued)                                       1. U M U M (Lanjutan)                                       1. G E N E R A L (Continued)
  e.   Kepemilikan Saham pada Entitas Anak dan Entitas        e.   Shares Ownership in Subsidiaries and Associate                 d. Kepemilikan Saham pada Entitas Anak dan Entitas          d. Shares Ownership in Subsidiaries and Associate
       Asosiasi (Lanjutan)                                         (Continued)                                                       Asosiasi (Lanjutan)                                         (Continued)
       PT BLV                                                      PT BLV                                                            PT BLV (Lanjutan)                                           PT BLV (Continued)
       Pada    30    September     2010,   Perusahaan              On September 30, 2010, the Company signed a Deed                  Penjualan    saham   ini  membuat       persentase          This sale of shares brought the Company’s
       menandatangani Akta Pemindahan Hak Atas Saham               of Transfer of Right on Share No. 93 and 94 with                  kepemilikan Perusahaan menjadi sebesar 99,79%.              percentage of ownership to 99.79%.
       No. 93 dan 94 masing-masing dengan PT Buana                 PT Buana Megawisatama and PT Verizon Indonesia,
       Megawisatama dan PT Verizon Indonesia, kedua                respectively, both deeds were covered by Sugito                   Atas hal tersebut diatas, Perusahaan telah                  For the above matter, the Company has made the
       akta tersebut dibuat dihadapan Notaris Sugito               Tedjamulja, S.H., which stated that the Company                   melakukan Keterbukaan Informasi melalui Surat               Disclosure  of     Information  in   its   Letter
       Tedjamulja, S.H., yang menyatakan bahwa                     agreed to acquire 116,170,560 shares of PT BLV from               No. Ref.: 051/III/BUV/2011 tanggal 30 Maret 2011 ke         No. Ref.: 051/III/BUV/2011 on March 30, 2011 to
       Perusahaan menyetujui untuk mengambil alih                  PT Buana Megawisatama at a purchase price                         BAPEPAM-LK dan Bursa Efek Indonesia.                        BAPEPAM-LK and to the Indonesia Stock Exchange.
       116.170.560 lembar saham PT BLV dari PT Buana               amounting to Rp116,170,560,000 and acquire
       Megawisatama dengan harga pembelian sebesar                 1,173,440 shares of BLV from PT Verizon Indonesia at              Status BLV telah diubah dari penanaman modal asing          BLV’s status has been changed from foreign
       Rp116.170.560.000 dan mengambil alih 1.173.440              a purchase price amounting to Rp1,173,440,000.                    menjadi     penanaman      modal   dalam    negeri          investment company to domestic investment
       lembar saham BLV dari PT Verizon Indonesia                  Total number of shares acquired by the Company                    berdasarkan     Surat    keputusan   dari   Badan           company based on the approval letter of the
       dengan harga pembelian sebesar Rp1.173.440.000.             represents 100% of the authorized, paid-in and                    Koordinasi    Penanaman      Modal   (BKPM)   No.           Capital Investment Coordinating Board (BKPM)
       Jumlah keseluruhan saham yang diakuisisi                    issued capital of BLV.                                            1/4/PPM/V/PMDN/2013 tanggal 19 April 2013                   No. 1/4/PPM/V/PMDN/2013 on April 19, 2013
       Perusahaan tersebut seluruhnya merupakan 100%                                                                                 tentang Perubahan Penyertaan Dalam Modal                    regarding Changes in the Company's Capital
       dari modal dasar, modal disetor dan modal                                                                                     Perseroan.                                                  Investment.
       ditempatkan BLV.
                                                                                                                                     PT SMA                                                      PT SMA
       Atas hal tersebut diatas, Perusahaan telah                  For the above matter, the Company has submitted
       menyampaikan Surat No. 145/X/BUV/2010 tanggal               Letter No. 145/X/BUV/2010 on October 6, 2010 to                   Pada 6 April 2010, Perusahaan dan Tuan Ilham Akbar          On April 6, 2010, the Company and Mr. Ilham Akbar
       6 Oktober 2010 ke BAPEPAM-LK dan menyampaikan               BAPEPAM-LK and provided the information to                        Habibie menandatangani Akta Pendirian Perseroan             Habibie     signed    the    Establishment     Deed
       informasi kepada pemegang saham melalui situs               shareholders through website IDXnet owned by the                  Terbatas PT SMA No. 29 dari Notaris Sutjipto S.H.,          No. 29 of Limited Liability Company of PT SMA of
       web IDXnet milik Bursa Efek Indonesia dengan                Indonesia Stock Exchange with letter/ announcement                M.Kn. dengan modal dasar sebesar Rp1.000.000.000            Sutjipto S.H., M.Kn. with authorized capital of
       nomor      Surat/pengumuman    147/X/BUV/2010               number 147/X/BUV/2010 on October 7, 2010.                         dan modal disetor sebesar Rp250.000.000 dimana              Rp1,000,000,000      and    paid-in    capital   of
       tanggal 7 Oktober 2010.                                                                                                       Perusahaan mengambil 65% bagian dalam modal                 Rp250,000,000 whereby the Company owns 65% of
                                                                                                                                     disetor sebanyak 1.625 lembar saham dengan nilai            the paid-in capital representing 1,625 shares with a
       Berdasarkan Perjanjian Jual Beli Saham tanggal              Based on the Sale and Purchase of Shares Agreement                nominal Rp100.000 atau total sebesar Rp162.500.000          nominal value of Rp100,000 or a total of
       30 Maret 2011 oleh dan antara Perusahaan dan                on March 30, 2011 by and between the Company and                  dan Tuan Ilham Akbar Habibie mengambil 35% bagian           Rp162,500,000 and Mr. Ilham Akbar Habibie owns
       PT ALN , telah disetujui oleh pemegang saham                PT ALN , the Shareholders approved through                        dalam modal disetor sebanyak 875 lembar saham               35% of the paid-in capital representing 875 shares
       melalui Akta Pernyataan Keputusan Pemegang                  Shareholders Decision Statement of PT BLV No. 80 on               dengan nilai nominal Rp100.000 atau total sebesar           with a nominal value of Rp100,000 or a total of
       Saham PT BLV No.80 tanggal 30 Maret 2011 dibuat             March 30, 2011 of Sugito Tedjamulja, S.H.,       in               Rp87.500.000.                                               Rp87,500,000.
       dihadapan Notaris Sugito Tedjamulja, S.H., Notaris          Jakarta, the sale of 250,000 shares owned by the
       di Jakarta, penjualan 250.000 lembar saham yang             Company with a nominal value per share of Rp1,000                 Pada 9 November 2010, Perusahaan dan Tuan Ilham             On November 9, 2010, the Company and Mr. Ilham
       dimilikinya dengan nilai nominal setiap saham               or amounting to Rp250,000,000 to ALN, with the                    Akbar Habibie menandatangani Akta Pernyataan                Akbar Habibie signed Deed of Shareholders Decision
       sebesar Rp1.000 atau sebesar Rp250.000.000                  total sale and purchase transaction of shares                     Keputusan Pemegang Saham No. 33 dari Notaris                Statement No. 33 of Sugito Tedjamulja S.H., which
       kepada ALN, dengan nilai transaksi jual beli saham          amounting to Rp1,000,000,000. This Deed was                       Sugito   Tedjamulja     S.H.,   menyetujui    untuk         approved the increase in the authorized capital to
       sebesar Rp1.000.000.000. Akta ini telah diterima            received    and    recorded   in    the    database               meningkatkan        modal       dasar      menjadi          Rp20,000,000,000      and    paid-in    capital   to
       dan dicatat di dalam database Sistem Administrasi           Administration System of the Ministry of Laws and                 Rp20.000.000.000 dan modal disetor menjadi                  Rp5,000,000,000 whereby the Company owns 65%
       Badan Hukum Kementerian Hukum dan Hak Asasi                 Human Rights of the Republic of Indonesia with                    Rp5.000.000.000 dimana Perusahaan mengambil 65%             of paid-in capital representing 32,500 shares with a
       Manusia Republik Indonesia berdasarkan Surat                letter No. AHU-AH.01.10-09748 on March 31, 2011.                  bagian dalam modal disetor sebanyak 32.500 lembar           nominal value of Rp100,000 or a total of
       No.AHU-AH.01.10-09748 tanggal 31 Maret 2011.                                                                                  saham dengan nilai nominal Rp100.000 atau total             Rp3,250,000,000 and Mr. Ilham Akbar Habibie owns
                                                                                                                                     sebesar Rp3.250.000.000 dan Tuan Ilham Akbar                35% of paid-in capital representing 17,500 shares
       Selisih antara harga penjualan dengan nilai buku            The difference between the selling price and the                  Habibie mengambil 35% bagian dalam modal disetor            with a nominal value of Rp100,000 or a total of
       saham yang dijual tersebut dicatat pada akun                book values of those shares is recorded under                     sebanyak 17.500 lembar saham dengan nilai nominal           Rp1,750,000,000.
       “Tambahan Modal Disetor” sebesar Rp 656.874.309             “Additional   Paid-in    Capital” amounting   to                  Rp100.000 atau total sebesar Rp1.750.000.000.
       (Catatan 20).                                               Rp 656,874,309 (Note 20).
                                                                                                                                     Atas hal tersebut diatas, Perusahaan telah                  For the above matter, the Company has made the
                                                                                                                                     melakukan Keterbukaan Informasi melalui Surat               Disclosure   of    Information    in  its Letter
                                                                                                                                     No. 121/VI/BUV/2011 tanggal 6 Juni 2011 ke                  No. 121/VI/BUV/2011 on June 6, 2011 to BAPEPAM-
                                                                                                                                     BAPEPAM-LK dan Bursa Efek Indonesia.                        LK and to the Indonesia Stock Exchange.
Page 90
                                                                    These consolidated financial statements are originally                                                                               These consolidated financial statements are originally
                                                                              issued in Indonesian language                                                                                                        issued in Indonesian language

                                              Ekshibit E/13                                                      Exhibit E/13                                                    Ekshibit E/14                                                        Exhibit E/14

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                    PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                         PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                      PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                                  NOTES TO THE CONSOLIDATED FINANCIAL                                          CATATAN ATAS LAPORAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                              STATEMENTS                                                     KEUANGAN KONSOLIDASIAN                                                STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                              AS OF DECEMBER 31, 2021 AND                                  TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                                  FOR THE YEAR THEN ENDED                                       YANG BERAKHIR PADA TANGGAL TERSEBUT                                    FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)               (Expressed in Rupiah, unless otherwise stated)                     (Disajikan dalam Rupiah, kecuali dinyatakan lain)                 (Expressed in Rupiah, unless otherwise stated)

1. U M U M (Lanjutan)                                           1. G E N E R A L (Continued)                                       1. U M U M (Lanjutan)                                           1. G E N E R A L (Continued)

   d. Kepemilikan Saham pada Entitas Anak dan Entitas             d.    Shares Ownership in Subsidiaries and Associate                d. Kepemilikan Saham pada Entitas Anak dan Entitas               d. Shares Ownership in Subsidiaries and Associate
      Asosiasi (Lanjutan)                                               (Continued)                                                      Asosiasi (Lanjutan)                                              (Continued)
      PT SMA (Lanjutan)                                                 PT SMA (Continued)
                                                                                                                                          PT BLS (Lanjutan)                                               PT BLS (Continued)
      Pada tanggal 30 Desember 2013, berdasarkan Akta                   On December 30, 2013, based on Deed of
      Pernyataan Keputusan Pemegang Saham No. 132 dari                  Shareholders Decision Statement No. 132 of Sugito                 Pada tahun 2011, Perusahaan menempatkan uang muka                In 2011, the Company placed advanced for future stock
      Notaris Sugito Tedjamulja S.H., para pemegang saham               Tedjamulja S.H., the shareholders approved the sale               modal saham dipesan di BLS sebesar Rp200.000.000 dan             subscription in BLS amounting Rp200,000,000 and LCI
      menyetujui untuk penjualan saham perseroan milik                  of Mr. Ilham Akbar Habibie 2,790 shares, totaling                 LCI sebesar Rp1.000.000.000. Pada tahun 2012,                    amounting to Rp1,000,000,000. In 2012, the Company
      Tuan Ilham Akbar Habibie sebanyak 2.790 lembar                    Rp279,000,000 to the Company and approved the                     Perusahaan dan LCI meningkatkan modal disetor sebesar            and LCI increased the paid-in capital amounting to
      dengan total nilai sebesar Rp279.000.000 kepada                   increase in the paid-in capital from Rp5,000,000,000              masing-masing Rp19.500.000.000 dan Rp13.000.000.000              Rp19,500,000,000 and Rp13,000,000,000, respectively,
      Perusahaan dan menyetujui untuk meningkatkan modal                to become Rp10,000,000,000.                                       sehingga modal disetor setiap pemegang saham menjadi             therefore the paid in capital of each of the
      ditempatkan dan disetor penuh dari sebesar                                                                                          sebesar Rp21.000.000.000 dan Rp14.000.000.000.                   shareholder      became     Rp21,000,000,000      and
      Rp5.000.000.000 menjadi sebesar Rp10.000.000.000.                                                                                                                                                    Rp14,000,000,000, respectively.

      Selisih antara kompensasi yang dibayarkan kepada Tuan             The difference between consideration paid to Mr.                  Atas hal tersebut diatas, Perusahaan telah melakukan            For the above matter, the Company has made the
      Ilham Habibie dan nilai tercatat kepentingan                      Ilham Habibie and the carrying amount of the                      Keterbukaan        Informasi      melalui       Surat           Disclosure  of     Information     in   its   Letter
      nonpengendali yang diakuisisi sebesar Rp171.481.168               acquired non-controlling interests of Rp171,48,168                No. 029/II/BUV/2012 tanggal 29 Februari 2012 ke                 No. 029/II/BUV/2012 on February 29, 2012 to
      disajikan sebagai “Selisih atas Akuisisi Kepentingan              was presented as        “Difference Arising from                  BAPEPAM-LK dan Bursa Efek Indonesia.                            BAPEPAM-LK and to the Indonesia Stock Exchange.
      Nonpengendali” sebagai bagian dari ekuitas yang dapat             Acquisition of Non-controlling Interest” under the
      diatribusikan kepada pemilik entitas induk pada laporan           equity attributable to the equity holders of the                  Pada tanggal 17 Mei 2013, modal dasar BLS                       On May 17, 2013, BLS increased the authorized capital
      posisi keuangan konsolidasian.                                    parent entity in the consolidated statement of                    telah ditingkatkan dari Rp40.000.000.000 menjadi                from Rp40,000,000,000 to become Rp80,000,000,000,
                                                                        financial position.                                               sebesar Rp80.000.000.000, dan meningkatkan modal                and increase the issued and fully paid capital from
      Atas peningkatan modal ditempatkan dan disetor                    For the increase in the issued and fully paid-in capital          ditempatkan dan disetor dari Rp35.000.000.000                   Rp35,000,000,000 to become Rp45,000,000,000.
      tersebut Perusahaan mengambil bagian sebesar 45.000               the Company owns 45,000 shares with total value of                menjadi sebesar Rp45.000.000.000.
      lembar dengan total nilai sebesar Rp4.500.000.000.                Rp4,500,000,000.
                                                                                                                                          Peningkatan tersebut meningkatkan modal disetor                 Those increases also increased the Company and LCI
      Setelah peningkatan tersebut, kepemilikan Perusahaan              After the increment, the Company’s ownership in                   Perusahaan dan LCI menjadi masing-masing sebesar                fully paid capital to become Rp27,000,000,000 and
      atas SMA menjadi sebesar 80.290 lembar saham atau                 SMA    become     80,290  shares, or   totalling                  Rp27.000.000.000 dan Rp18.000.000.000.                          Rp18,000,000,000, respectively.
      seluruhnya sebesar Rp8.029.000.000 (80,29%).                      Rp8,029,000,000 (80.29%).
                                                                                                                                          Berdasarkan Akta Pernyataan Keputusan Pemegang                  Based on Deed of Shareholders Decision Statement No.
      Atas hal tersebut di atas, Perusahaan telah melakukan             For the above matter, the Company has made the
                                                                                                                                          Saham No. 47 tanggal 27 Desember 2013 dari Notaris              47 on December 27, 2013 of Jose Dima Satria, S.H.,
      Keterbukaan        Informasi       melalui       Surat            Disclosure    of    Information      in its letter
                                                                                                                                          Jose Dima Satria, S.H., M.Kn., telah disetujui untuk            M.Kn., the shareholders approved the increase in paid-
      No. 013/XII/BUV/2013 tanggal 30 Desember 2013 ke                  No. 013/XII/BUV/2013 on December 30, 2013 to
                                                                                                                                          meningkatkan modal ditempatkan dan disetor                      in capital from Rp45,000,000,000 to become
      Otoritas Jasa Keuangan (OJK).                                     Financial Service Authorities (OJK).
                                                                                                                                          perseroan dari sebesar Rp45.000.000.000 menjadi                 Rp52,500,000,000.
      PT BLS                                                            PT BLS                                                            sebesar Rp52.500.000.000.

      Berdasarkan Akta Perjanjian antar Pemegang Saham                  Based on the Deed of Agreement between                            Atas peningkatan tersebut Perusahaan mengambil                  For such increase, the Company obtained a portion
      No. 74 tanggal 10 Maret 2011 Perusahaan dengan                    Shareholders No. 74 on March 10, 2011, the Company                bagian sebesar Rp4.500.000.000 dan LCI mengambil                totalling Rp4,500,000,000 and LCI obtained a portion
      PT Lentera Cemerlang Indah (LCI), mendirikan suatu                and PT Lentera Cemerlang Indah (LCI) established a                bagian sebesar Rp3.000.000.000 sehingga kepemilikan             totalling Rp3,000,000,000, hence, the Company and LCI
      usaha patungan, PT BLS dengan komposisi kepemilikan               joint venture company, PT BLS (BLS) with the                      Perusahaan dan LCI menjadi masing-masing sebesar                ownership       become      Rp31,500,000,000      and
      saham yaitu sebesar 60% untuk Perusahaan dan 40%                  composition of shares ownership of 60% for the                    Rp31.500.000.000 dan Rp21.000.000.000. Perubahan                Rp21,000,000,000, respectively. The change does not
      untuk LCI sehingga total modal disetor Perusahaan                 Company and 40% for LCI therefore the Company’s                   tersebut tidak mempengaruhi persentase kepemilikan              affect the percentage of ownership of the Company.
      adalah sebesar Rp1.500.000.000 dan LCI adalah sebesar             total paid-in capital amounted to Rp1,500,000,000                 Perusahaan.
      Rp1.000.000.000. Pada tahun ke-11 kerjasama setelah               and LCI amounted to Rp1,000,000,000. In eleventh
      hotel beroperasi, Perusahaan akan menjual 11%                     year cooperation after the hotel operates, the                    Atas hal tersebut di atas, Perusahaan telah melakukan           For the above matter, the Company has made the
      kepemilikan sahamnya dalam usaha patungan tersebut                Company will sell a 11% shares ownership in the joint             Keterbukaan        Informasi       melalui       Surat          Disclosure     of    Information     in its letter
      kepada LCI dengan harga yang akan ditentukan                      venture company to LCI at a price to be determined                No. 015/XII/BUV/2013 tanggal 30 Desember 2013 ke                No. 015/XII/BUV/2013 on December 30, 2013 to
      berdasarkan harga rata-rata antara nilai buku dengan              based on the average price between the book value                 Otoritas Jasa Keuangan (OJK).                                   Financial Service Authorities (OJK).
      harga pasar pada saat itu. Akta pendirian BLS telah               and the market value at the time. The deed of
      diaktakan dalam akta Notaris No. 75 tanggal                       establishment of BLS is covered by Notarial Deed No.              Berdasarkan Akta Pernyataan Keputusan Pemegang                  Based on Deed of Shareholders Decision Statement No.
      10 Maret 2011 yang dibuat dihadapan Notaris Sutjipto,             75 of Sutjipto, S.H., on March 10, 2011.                          Saham No. 91 tanggal 25 Juni 2014 dari Notaris Sugito           91 on June 25, 2014 of Sugito Tedjamulja, S.H., the
      S.H.                                                                                                                                Tedjamulja, S.H., telah disetujui untuk meningkatkan            shareholders approved to increase the paid-in capital
                                                                                                                                          modal ditempatkan dan disetor BLS dari sebesar                  BLS     from     Rp52,500,000,000      to    become
      Atas hal tersebut diatas, Perusahaan telah melakukan             For the above matter, the Company has made the
                                                                                                                                          Rp52.500.000.000 menjadi sebesar Rp100.000.000.000.             Rp100,000,000,000.
      Keterbukaan        Informasi      melalui       Surat            Disclosure    of    Information     in  its  Letter
      No. 045/III/BUV/2011 tanggal 14 Maret 2011 ke                    No. 045/III/BUV/2011 on March 14, 2011 to BAPEPAM-
      BAPEPAM-LK dan Bursa Efek Indonesia.                             LK and to the Indonesia Stock Exchange.
Page 91
                                                                    These consolidated financial statements are originally                                                                               These consolidated financial statements are originally
                                                                              issued in Indonesian language                                                                                                        issued in Indonesian language

                                             Ekshibit E/15                                                       Exhibit E/15                                                    Ekshibit E/16                                                        Exhibit E/16

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                   PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                         PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                      PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                                 NOTES TO THE CONSOLIDATED FINANCIAL                                          CATATAN ATAS LAPORAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                             STATEMENTS                                                     KEUANGAN KONSOLIDASIAN                                                STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                             AS OF DECEMBER 31, 2021 AND                                  TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                                 FOR THE YEAR THEN ENDED                                       YANG BERAKHIR PADA TANGGAL TERSEBUT                                    FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)              (Expressed in Rupiah, unless otherwise stated)                     (Disajikan dalam Rupiah, kecuali dinyatakan lain)                 (Expressed in Rupiah, unless otherwise stated)

1. U M U M (Lanjutan)                                         1. G E N E R A L (Continued)                                        1. U M U M (Lanjutan)                                            1. G E N E R A L (Continued)

   d. Kepemilikan Saham pada Entitas Anak dan Entitas            d. Shares Ownership in Subsidiaries and Associate                   d. Kepemilikan Saham pada Entitas Anak dan Entitas               d. Shares Ownership in Subsidiaries and Associate
      Asosiasi (Lanjutan)                                           (Continued)                                                         Asosiasi (Lanjutan)                                              (Continued)

       PT BLS (Lanjutan)                                             PT BLS (Continued)                                                  PT BLS (Lanjutan)                                                PT BLS (Continued)

       Atas peningkatan tersebut Perusahaan mengambil                For such increase, the Company obtained a portion                   Berdasarkan Akta Pernyataan Keputusan Pemegang                   Based on the Deed of Shareholders Decision Statement
       bagian sebesar Rp28.500.000.000 dan LCI mengambil             totalling Rp28,500,000,000 and LCI obtained a portion               Saham BLS, Nomor 9 tanggal 29 Desember 2016 dibuat               BLS, No. 9 on December 29, 2016 of Syarifah Chozie,
       bagian sebesar Rp19.000.000.000 sehingga kepemilikan          totalling Rp19,000,000,000, hence, the Company and                  dihadapan Syarifah Chozie, S.H., M.H., Notaris di                S.H., M.H., in Jakarta, the shareholders approved the
       Perusahaan dan LCI menjadi masing-masing sebesar              LCI    ownership    become    Rp60,000,000,000    and               Jakarta,    pemegang     saham    menyetujui  untuk              increase in the paid-in capital in BLS from
       Rp60.000.000.000 dan Rp40.000.000.000. Perubahan              Rp40,000,000,000, respectively. The change does not                 meningkatkan modal ditempatkan dan disetor pada BLS              Rp184,000,000,000 divided into 184,000 shares to
       tersebut tidak mempengaruhi persentase kepemilikan            affect the percentage of ownership of the Company.                  yang sebelumnya Rp184.000.000.000 yang terbagi atas              become Rp295,750,000,000 divided into 295,750
       Perusahaan.                                                                                                                       184.000 lembar saham menjadi Rp295.750.000.000 yang              shares.
                                                                                                                                         terbagi atas 295.750 lembar saham.
       Atas hal tersebut di atas, Perusahaan telah                   For the above matter, the Company has made the
       melakukan Keterbukaan Informasi melalui Surat                 Disclosure    of     Information in  its   letter
       No. 011/VI/BUV/2014 tanggal 19 Juni 2014 ke Otoritas          No. 011/VI/BUV/2014 on June 19, 2014 to Financial                   Atas peningkatan tersebut Perusahaan mengambil                   For such increase, the Company obtained a portion
       Jasa Keuangan (OJK).                                          Service Authorities (OJK).                                          bagian sebesar Rp67.050.000.000 dan LCI mengambil                totalling Rp67,050,000,000 and LCI obtained a portion
                                                                                                                                         bagian sebesar Rp44.700.000.000 sehingga kepemilikan             totalling Rp44,700,000,000, hence, the Company and
       Pada tahun 2012, BLS telah menandatangani perjanjian          In 2012, BLS has signed cooperation agreement with                  Perusahaan dan LCI menjadi masing-masing sebesar                 LCI ownership become Rp177,450,000,000 and
       kerjasama dengan PT Danayasa     Arthatama Tbk (DA),          PT Danayasa Arthatama Tbk (DA), to build, operate and               Rp177.450.000.000 dan Rp118.300.000.000. Perubahan               Rp118,300,000,000, respectively. The change does not
       untuk melakukan pembangunan, pengelolaan dan                  transfer back (BOT) the hotel and its facilities to be              tersebut tidak mempengaruhi persentase kepemilikan               affect the percentage of ownership of the Company
       penyerahan kembali (BOT) bangunan hotel dan sarana-           located on the Land Right Certificate under the name                Perusahaan dalam BLS.                                            in BLS.
       sarananya di atas sebidang tanah Hak Guna Bangunan            of DA. Land is owned by DA and delivered to BLS (as
       atas nama DA. Tanah adalah milik DA diserahkan                investor and KSO manager) to build the hotel, manage                Berdasarkan Akta Pernyataan Keputusan Pemegang                   Based on the Deed of Shareholders Decision Statement
       kepada BLS (selaku investor dan pengelola) untuk              and operate as BOT for 25 years and can be renewed                  Saham BLS, Nomor 473 tanggal 22 Desember 2017                    BLS, No. 473 on December 22, 2017 of Yunita, S.H.,
       dibangun hotel, dikelola dan dioperasikan secara BOT          for 5 years, afterwards will be returned to DA.                     dibuat dihadapan Yunita, S.H., M.Kn., Notaris di                 M.Kn., in Jakarta, the shareholders approved the
       untuk jangka waktu 25 tahun dan dapat diperpanjang                                                                                Jakarta,   pemegang     saham   menyetujui    untuk              increase in the capital and the paid-in capital in BLS
       selama 5 tahun, setelahnya akan dikembalikan                                                                                      meningkatkan modal dasar dan modal ditempatkan dan               from Rp300,000,000,000 and Rp295,750,000,000
       kepada DA.                                                                                                                        disetor pada BLS yang sebelumnya masing-masing                   divided into 300,000 shares and 295,750 shares to
                                                                                                                                         Rp300.000.000.000 dan Rp295.750.000.000 yang terbagi             become Rp360,000,000,000 divided into 360,000
       Status BLS telah diubah dari penanaman modal asing            BLS’s status has been changed from foreign investment               atas 300.000 lembar saham dan 295.750 lembar saham               shares.
       menjadi penanaman modal dalam negeri berdasarkan              company to domestic investment company based on the                 menjadi Rp360.000.000.000 yang terbagi atas 360.000
       Surat keputusan dari Badan Koordinasi Penanaman               approval letter of the Capital Investment Coordinating              lembar saham.
       Modal    (BKPM)    No.   284/A.8/PMA/2013    tanggal          Board      (BKPM)     No.    284/A.8/PMA/2013       on
       18 Februari 2013 tentang Perubahan Penyertaan Dalam           February 18, 2013 regarding Changes in the Company's                Atas peningkatan tersebut Perusahaan mengambil                   For such increase, the Company obtained a portion
       Modal Perseroan.                                              Capital Investment.                                                 bagian sebesar Rp38.550.000.000 dan LCI mengambil                totalling Rp38,550,000,000 and LCI obtained a portion
                                                                                                                                         bagian sebesar Rp25.700.000.000 sehingga kepemilikan             totalling Rp25,700,000,000, hence, the Company and
       Berdasarkan Akta Pernyataan Keputusan Pemegang                Based on the Deed of Shareholders Decision Statement                Perusahaan dan LCI menjadi masing-masing sebesar                 LCI ownership become Rp216,000,000,000 and
       Saham BLS, Nomor 15 tanggal 7 Maret 2016 dibuat               BLS, No. 15 on March 7, 2016 of Angela Meilany                      Rp216.000.000.000 dan Rp144.000.000.000. Perubahan               Rp144,000,000,000, respectively. The change does not
       dihadapan Angela Meilany Basiroen, S.H., Notaris di           Basiroen, S.H., the shareholders approved the increase              tersebut tidak mempengaruhi persentase kepemilikan               affect the percentage of ownership of the Company in
       Jakarta,   pemegang    saham    menyetujui    untuk           in the authorized capital from Rp100,000,000,000 to                 Perusahaan dalam BLS.                                            BLS.
       meningkatkan    modal    dasar   yang   sebelumnya            Rp300,000,000,000.
       Rp100.000.000.000 menjadi Rp300.000.000.000.                                                                                      PT BNH                                                           PT BNH

       Selain itu, pemegang saham juga menyetujui untuk              Furthermore, the shareholders also approved the                     Pada     26     Juni    2012,      Perusahaan      dan           On     June     26,    2012,   the    Company     and
       meningkatkan modal ditempatkan dan disetor pada BLS           increase in the paid-in capital in BLS from                         PT Nusapacific Island Investment (NII), pihak ketiga,            PT Nusapacific Island Investment (NII), third party,
       yang sebelumnya Rp100.000.000.000 yang terbagi atas           Rp100,000,000,000 divided into 100,000 shares to                    menandatangani Akta Penjualan dan Pengalihan Saham               signed a Deed of Sale and Transfer of Share No. 159 of
       100.000 lembar saham menjadi Rp184.000.000.000 yang           become Rp184,000,000,000 divided into 184,000                       No. 159 yang dibuat dihadapan Notaris Aryanti Artisari,          Aryanti Artisari, S.H., M.Kn., which stated that the
       terbagi atas 184.000 lembar saham. Atas dasar                 shares. On the basis of the proposed increase in paid-in            S.H., M.Kn., yang menyatakan bahwa Perusahaan                    Company agreed to acquire 105,000 shares of PT BNH
       peningkatan modal ditempatkan dan disetor yang                capital, the shareholders also approved the conversion              mengambil alih 105.000 lembar saham PT BNH dari NII              from NII at a purchase price amounting to
       diajukan, pemegang saham juga menyetujui untuk                of BLS loans to its shareholders consisting of liabilities          dengan harga pembelian sebesar Rp127.500.000.000,                Rp127,500,000,000, in which Rp20,000,000,000 is
       mengkonversi hutang BLS kepada pemegang saham,                to the Company amounting Rp50,400,000,000                           dimana Rp20.000.000.000 berasal dari dana internal               coming from the Company’s internal fund and the
       terdiri atas hutang BLS kepada Perusahaan sebesar             converted to 50,400 shares and BLS liabilities to LCI               Perusahaan dan sisanya berasal dari Penambahan Modal             remaining balance is coming from Capital Increase
       Rp50.400.000.000 dikonversi menjadi 50.400 lembar             amounting Rp33,600,000,000 converted to 33,600                      tanpa HMETD. Jumlah saham yang diakuisisi Perusahaan             without Pre-emptive Rights. Total number of shares
       saham dan hutang BLS kepada LCI sebesar                       shares.                                                             tersebut merupakan 60% dari modal disetor dan modal              acquired by the Company represents 60% of paid-in and
       Rp33.600.000.000 dikonversi menjadi 33.600 lembar                                                                                 ditempatkan BNH.                                                 issued capital of BNH.
       saham.
Page 92
                                                                        These consolidated financial statements are originally                                                                             These consolidated financial statements are originally
                                                                                  issued in Indonesian language                                                                                                      issued in Indonesian language

                                                Ekshibit E/17                                                        Exhibit E/17                                                  Ekshibit E/18                                                        Exhibit E/18

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                       PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                       PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                      PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                                     NOTES TO THE CONSOLIDATED FINANCIAL                                        CATATAN ATAS LAPORAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                                 STATEMENTS                                                   KEUANGAN KONSOLIDASIAN                                                STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                 AS OF DECEMBER 31, 2021 AND                                TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                                     FOR THE YEAR THEN ENDED                                     YANG BERAKHIR PADA TANGGAL TERSEBUT                                    FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)                  (Expressed in Rupiah, unless otherwise stated)                   (Disajikan dalam Rupiah, kecuali dinyatakan lain)                 (Expressed in Rupiah, unless otherwise stated)

1. U M U M (Lanjutan)                                             1. G E N E R A L (Continued)                                      1. U M U M (Lanjutan)                                            1. G E N E R A L (Continued)

   d. Kepemilikan Saham pada Entitas Anak dan Entitas                d. Shares Ownership in Subsidiaries and Associate                 d. Kepemilikan Saham pada Entitas Anak dan Entitas               d. Shares Ownership in Subsidiaries and Associate
      Asosiasi (Lanjutan)                                               (Continued)                                                       Asosiasi (Lanjutan)                                              (Continued)

       PT BNH (Lanjutan)                                                 PT BNH (Continued)                                                PT BBP                                                           PT BBP

       Berdasarkan metode akuisisi, selisih lebih antara jumlah          Based on the acquisition method, the excess of the                Pada 6 November 2014, berdasarkan Akta No. 9 yang                On November 6, 2014, based on the Deed No. 9 of
       agregat dari imbalan yang dialihkan dan jumlah                    aggregate of the consideration transferred and the                dibuat dihadapan Angela Meilany Basiroen, S.H., Notaris          Angela Meilany Basiroen, S.H.,      in Jakarta, the
       kepentingan non pengendali dengan selisih jumlah nilai            amount recognized for NCI over the net carrying                   di Jakarta, dimana Perusahaan dan PT ALN mendirikan              Company and PT ALN established PT BBP with the
       tercatat aset teridentifikasi yang diperoleh dan                  amount of the identifiable assets acquired and                    PT BBP dengan komposisi kepemilikan saham yaitu 99%              composition of ownership of 99% for the Company and
       liabilitas yang diambil alih mencerminkan kenaikan nilai          liabilities assumed reflects the increase in the fair             untuk Perusahaan dan 1% untuk ALN. Total modal                   1% for ALN. The Company’s total paid-in capital
       wajar aset teridentifikasi BNH yang dialokasikan ke aset          value of the BNH’s identifiable assets allocated to               disetor Perusahaan adalah sebesar Rp12.375.000 dan               amounted to Rp12,375,000 and ALN amounted to
       dalam pembangunan sebesar Rp21.012.308.312 dan                    property      under   development     amounting    to             ALN adalah sebesar Rp125.000.                                    Rp125,000.
       aset real estat sebesar Rp1.531.133.197.                          Rp21,012,308,312 and real estate asset amounting to
                                                                         Rp1,531,133,197.                                                  Pada 10 November 2014, berdasarkan Akta No. 13 yang              On November 10, 2014, based on the Deed No. 13 of
                                                                                                                                           dibuat dihadapan Angela Meilany Basiroen, S.H., Notaris          Angela Meilany Basiroen, S.H., in Jakarta, PT BBP and
       Berdasarkan         Surat        dari        Advokat              Based       on        Letter       from       Advocate            di Jakarta, dimana PT BBP dan ALN mendirikan PT Bukit            ALN established PT Bukit Awani Sejahtera with the
       No.    003/S.Kel/BUV/XII/2022    Pengadilan   Negeri              No. 003/S.Kel/BUV/XII/2022 The Denpasar District                  Awani Sejahtera dengan komposisi kepemilikan saham               composition of ownership of 99% for PT BBP and 1% for
       Denpasar           mengeluarkan            penetapan              Court issued a stipulation No. 463/Pdt.P/2021/PN Dps,             yaitu 99% untuk PT BBP dan 1% untuk ALN. Total modal             ALN. Total paid-in capital amounted to Rp12,375,000
       No. 463/Pdt.P/2021/PN Dps, tanggal 22 September                   September 22, 2021 regarding the transfer of shares on            disetor adalah sebesar Rp12.375.000 dan ALN adalah               and ALN amounted to Rp125,000.
       2021 mengenai peralihan saham atas nama BUVA dalam                behalf of BUVA in BNH to Bank Artha Graha Indonesia               sebesar Rp125.000.
       BNH kepada Bank Artha Graha Indonesia (BAGI) maupun               (BAGI) or BAGI's designated party which was carried out
       pihak yang ditujuk BAGI yang dilakukan secara lelang              by auction or privately. (Note 35)                                Pada tanggal 30 Desember 2015, berdasarkan Akta                  On December 30, 2015, based on the Deed No. 127 of
       maupun dibawah tangan. (Catatan 35)                                                                                                 No. 127 yang dibuat dihadapan Yunita S.H., BBP                   Yunita, S.H., BBP increased issued and fully paid
                                                                                                                                           meningkatkan modal ditempatkan dan disetor menjadi               capital to become Rp57,500,000 with the composition
       Pada tanggal 30 Juni 2021 PT Bank Artha Graha                     On June 30, 2021 PT Bank Artha Graha International                Rp57.500.000 dengan komposisi kepemilikan saham                  of ownership of 99% for the Company and 1% for ALN.
       International Tbk (“BAGI”) mengajukan permohonan                  Tbk (“BAGI”) submitted a request for determination to             yaitu 99% untuk Perusahaan dan 1% untuk ALN. Total               Total paid-in capital amounted to Rp56,925,000 and
       penetapan kepada ketua Pengadilan Negri Denpasar                  the chairman of the Denpasar District Court based on              modal disetor Perusahaan adalah sebesar Rp56.925.000             ALN amounted to Rp575,000.
       berdasarkan surat No, SK/039/SD-CL/VI/2021 perihal                letter No. SK/039/SD-CL/VI/2021 regarding the request             dan ALN adalah sebesar Rp575.000.
       permohonan penetapan RUPS PT Bukit Nusa Harapan                   for determination of the GMS of PT Bukit Nusa Harapan
       (“BNH”). Pengajuan permohonan tersebut dilengkapi                 (“BNH ”). Submission of the application is accompanied            PT CGU                                                           PT CGU
       dengan adanya beberapa dokumen seperti: Akta Kuasa                by several documents such as: Deed of Power of
       No.50 tanggal 7 Mei 2019 yang menyatakan Perusahaan               Attorney No. 50 dated 7 May 2019 which states that                Pada 28 Mei 2012, Perusahaan dan PT ALN                          On May 28, 2012, the Company and PT ALN signed a
       telah memberikan hak untuk melaksanakan dan                       the Company has granted the right to carry out and                menandatangani Akta Pendirian Perseroan Terbatas No.             Deed of Establishment of a Company No. 112 of Sugito
       menghadiri RUPS BNH, Akta Perjanjian gadai saham No.              attend the BNH GMS, Deed of Pledge of Shares                      112 yang dibuat dihadapan Notaris Sugito Tedjamulja,             Tedjamulja, S.H., which stated that the Company along
       48 tanggal 7 Mei 2019 yang menerangkan bahwa                      Agreement No. 48 dated 7 May 2019 which explained                 S.H., yang menyatakan Perusahaan bersama dengan                  with ALN established PT BUI with the paid-in-capital of
       Perusahaan menggadaikan 105.000 lembar saham BNH                  that the Company pledged 105,000 shares of BNH to                 ALN mendirikan PT BUI dengan modal dasar sebesar                 Rp1,400,000,000.
       kepada BAGI. Akta Kuasa No.49 tanggal 7 Mei 2019 yang             BAGI. Deed of Power of Attorney No.49 dated 7 May                 Rp1.400.000.000.
       menjelaskan bahwa Perusahaan memberi kuasa kepada                 2019 which explained that the Company gave
       BAGI untuk menjual 105.000 lembar saham di BNH.                   authorization to BAGI to sell 105,000 shares in BNH.              Komposisi kepemilikan saham yaitu sebesar 49% untuk              The composition of shares ownership of 49% for the
                                                                                                                                           Perusahaan dan 51% untuk ALN sehingga total modal                Company and 51% for ALN; therefore, the Company’s
       Pada tanggal 27 Juli 2021, BNH menyampaikan                       On July 27, 2021, BNH submitted a request for rebuttal            disetor dan ditempatkan penuh Perusahaan adalah                  total paid-in and issued capital amounted to
       permohonan bantahan atas permohonan penetapan                     of the request for the determination of the BNH GMS.              sebesar Rp686.000.000 dan ALN adalah sebesar                     Rp686,000,000 and ALN amounted to Rp714,000,000.
       RUPS BNH.                                                                                                                           Rp714.000.000.

                                                                                                                                           Pada 10 Desember 2012, berdasarkan Akta Pernyataan               On December 10, 2012, based on the Deed
       Pada tanggal 15 Oktober 2021 BAGI mengadakan RUPS                 On October 15, 2021, BAGI held a GMS with BNH and it
                                                                                                                                           Keputusan Pemegang Saham PT BUI No. 36 yang dibuat               of Shareholders Decision Statement of PT BUI No. 36 of
       dengan BNH dan sudah diaktakan oleh Notaris.                      was notarized by a Notary.
                                                                                                                                           dihadapan Sugito Tedjamulja, S.H., Notaris di Jakarta,           Sugito Tedjamulja, S.H., in Jakarta, the Company has
                                                                                                                                           dimana Perusahaan menyatakan perubahan nama dari                 changed its name from PT BUI to PT CGU. This Deed
       Pada tanggal 11 Oktober 2021, BNH mengajukan kasasi               On October 11, 2021, BNH submitted an appeal to the
                                                                                                                                           PT BUI menjadi PT CGU. Akta ini telah mendapat                   was approved by the Ministry of Laws and Human
       kepada Pengadilan Negri, namun kasasi tersebut                    District Court, but the appeal was rejected.
                                                                                                                                           persetujuan dari Menteri Hukum dan Hak Asasi Manusia             Rights of the Republic of Indonesia based on letter
       ditolak.
                                                                                                                                           Republik Indonesia berdasarkan Surat No. AHU-                    No. AHU-04848.AH.01.02.Tahun 2013 on February 7,
                                                                                                                                           04848.AH.01.02.Tahun 2013 tanggal 7 Februari 2013.               2013.
       Berdasarkan Surat No. 463/Pdt.P/2021PN Dps tanggal                Based on Letter No. 463/Pdt.P/2021PN Dps September
       22 September 2021 Pengadilan Negeri Denpasar                      22, 2021 The Denpasar District Court accepted and                 Status CGU telah diubah dari penanaman modal asing               CGU’s status has been changed from foreign
       menerima dan mengabulkan permohonan BAGI,                         granted BAGI's request, giving permission for BAGI to             menjadi penanaman modal dalam negeri berdasarkan                 investment company to domestic investment company
       memberi izin kepada BAGI untuk melakukan                          call for its own summons for the BNH GMS.                         Surat keputusan dari Badan Koordinasi Penanaman                  based on the approval letter of the Capital Investment
       pemanggilan sendiri RUPS BNH.                                                                                                       Modal (BKPM) No. 9/1/IP/I/PMDN/2013 tanggal                      Coordinating Board (BKPM) No. 9/1/IP/I/PMDN/2013 on
                                                                                                                                           7 Februari 2013 tentang Izin Prinsip Penanaman Modal.            February 7, 2013 regarding Licensed Investment
                                                                                                                                                                                                            Principles.
Page 93
                                                                    These consolidated financial statements are originally                                                                           These consolidated financial statements are originally
                                                                              issued in Indonesian language                                                                                                    issued in Indonesian language

                                             Ekshibit E/19                                                       Exhibit E/19                                                Ekshibit E/20                                                        Exhibit E/20

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                    PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                      PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                    PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                                  NOTES TO THE CONSOLIDATED FINANCIAL                                       CATATAN ATAS LAPORAN                                  NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                              STATEMENTS                                                  KEUANGAN KONSOLIDASIAN                                              STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                              AS OF DECEMBER 31, 2021 AND                               TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                              AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                                  FOR THE YEAR THEN ENDED                                    YANG BERAKHIR PADA TANGGAL TERSEBUT                                  FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)               (Expressed in Rupiah, unless otherwise stated)                  (Disajikan dalam Rupiah, kecuali dinyatakan lain)               (Expressed in Rupiah, unless otherwise stated)

1. U M U M (Lanjutan)                                          1. G E N E R A L (Continued)                                     1. U M U M (Lanjutan)                                          1. G E N E R A L (Continued)

   d. Kepemilikan Saham pada Entitas Anak dan Entitas             d. Shares Ownership in Subsidiaries and Associate                d. Kepemilikan Saham pada Entitas Anak dan Entitas             d. Shares Ownership in Subsidiaries and Associate
      Asosiasi (Lanjutan)                                            (Continued)                                                      Asosiasi (Lanjutan)                                            (Continued)

      PT CGU (Lanjutan)                                              PT CGU (Continued)                                                PT CGU (Lanjutan)                                              PT CGU (Continued)

      Pada tanggal 27 Desember 2013, modal dasar CGU telah           On December 27, 2013, CGU increased the authorized                Pada tanggal 22 Desember 2017, berdasarkan Akta                On December 22, 2017, based on the Deed of
      ditingkatkan dari Rp5.600.000.000 menjadi sebesar              capital   from     Rp5,600,000,000    to    become                Pernyataan Keputusan Pemegang Saham No. 474 yang               Shareholders Decision Statement No. 474 of Yunita,
      Rp12.000.000.000     dan      meningkatkan    modal            Rp12,000,000,000 and increased issued and fully paid              dibuat di hadapan Yunita, S.H., M.Kn., Notaris di              S.H., M.Kn., in Jakarta, to increase capital stock and
      ditempatkan dan disetor dari Rp1.400.000.000 menjadi           capital   from     Rp1,400,000,000    to    become                Jakarta, untuk meningkatkan modal dasar dan modal              the issued and paid-up capital of CGU from
      sebesar Rp3.000.000.000.                                       Rp3,000,000,000.                                                  ditempatkan dan modal disetor CGU masing-masing dari           Rp12,000,000,000       and     Rp11,500,000,000         to
                                                                                                                                       Rp12.000.000.000 dan Rp11.500.000.000 menjadi                  Rp20,000,000,000 and Rp15,432,000,000. On the basis
      Atas peningkatan tersebut Perusahaan mengambil                 For such increase, the Company’s share totaled
                                                                                                                                       sebesar Rp20.000.000.000 dan Rp15.432.000.000. Atas            of the proposed increase in paid-in capital, the
      bagian sebesar Rp784.000.000 sehingga kepemilikan              Rp784,000,000 therefore the Company and ALN
                                                                                                                                       dasar peningkatan modal ditempatkan dan disetor yang           shareholders also approved the conversion of CGU
      Perusahaan dan ALN masing-masing menjadi sebesar               ownership      become       Rp1,470,000,000    and
                                                                                                                                       diajukan, pemegang saham juga menyetujui untuk                 loans to its shareholders consisting of liabilities to the
      Rp1.470.000.000 dan Rp1.530.000.000. Perubahan                 Rp1,530,000,000, respectively. The change does not
                                                                                                                                       mengkonversi hutang CGU kepada pemegang saham,                 Company amounting to Rp3,462,750,000 converted to
      tersebut tidak mempengaruhi persentase kepemilikan             affect the Company’s percentage of ownership.
                                                                                                                                       terdiri atas hutang CGU kepada Perusahaan sebesar              capital stock and CGU liabilities to ALN amounting
      perusahaan.
                                                                                                                                       Rp3.462.750.000 dikonversi menjadi modal saham dan             Rp250,000,000 converted to capital stock, and
      Pada tanggal 21 Juli 2014, berdasarkan Akta Pernyataan         On July 21, 2014, based on the Deed of Shareholders               hutang CGU kepada ALN sebesar Rp250.000.000                    amounting to Rp219,250,000 will be taken and fully
      Keputusan Pemegang Saham No. 22 yang dibuat di                 Decision Statement No. 22 of Sugito Tedjamulja, S.H.,             dikonversi menjadi modal saham, dan sebesar                    paid by the Company.
      hadapan Sugito Tedjamulja, S.H., Notaris di Jakarta,           in Jakarta, to increase the issued and paid-up capital            Rp219.250.000 akan diambil bagian dan disetor penuh
      untuk meningkatkan modal ditempatkan dan modal                 of CGU from Rp3,000,000,000 to Rp8,600,000,000, the               oleh Perusahaan.
      disetor CGU dari Rp3.000.000.000 menjadi sebesar               amount subscribed and paid-up in full by ALN
      Rp8.600.000.000 jumlah yang dipesan dan disetor                amounted to Rp5,600,000,000.                                      Atas peningkatan tersebut, kepemilikan Perusahaan dan          For such increase, the Company and ALN ownership
      penuh oleh ALN sebesar Rp5.600.000.000.                                                                                          ALN masing-masing menjadi sebesar Rp7.707.000.000              become     Rp7,707,000,000   and     Rp7,725,000,000,
                                                                                                                                       dan Rp7.725.000.000. Perubahan tersebut membuat                respectively. This increase brought the Company’s
      Atas peningkatan tersebut, kepemilikan Perusahaan dan          For such increase, the Company’s and ALN ownership                persentase kepemilikan Perusahaan atas CGU menjadi
                                                                                                                                                                                                      percentage of ownership in CGU to 49.94%.
                                                                                                                                       49,94%.
      ALN masing-masing menjadi sebesar Rp1.470.000.000              become     Rp1,470,000,000   and    Rp7,170,000,000,
      dan Rp7.170.000.000. Perubahan tersebut membuat                respectively. This increase brought the Company’s
                                                                                                                                       Pada tanggal 1 Juli 2020, berdasarkan Akta Pernyataan           On July 1, 2020 based on the Deed of Shareholders
      persentase   kepemilikan     Perusahaan   atas   CGU           percentage of ownership in CGU to 17%.                            Keputusan Pemegang Saham No. 01 yang dibuat di                  Decision Statement No, 01 of Zulfa, S.H., M.Kn.,
      menjadi 17%.                                                                                                                     hadapan Zulfa, S.H., M.Kn., Notaris di Kabupaten                Notary in district of Bandung, This deed has been
                                                                                                                                       Bandung, Akta ini telah diterima dn dicatat di dalam            accepted and recorded in the LegalAdministration
      Pada tanggal 30 Desember 2016, berdasarkan Akta                On December 30, 2016, based on the Deed of                        sistem Administrasi Badan Hukum, Kementrian Hukum
                                                                                                                                       dan Hak Asasi Manusia No. AHU-0112963.AH.01.11                  System, Ministry of Justice and Human Rights,
      Pernyataan       Keputusan      Pemegang       Saham           Shareholders Decision Statement No. 10 of Syarifah
                                                                                                                                       Tahun 2020 Tanggal 15 Juli 2020, menyetujui                     registered No. AHU-0112963.AH.01.11 Year 2020 on 15
      No. 10 yang dibuat di hadapan Syarifah Chozie, S.H.,           Chozie, S.H., M.H., in Jakarta, to increase the issued
                                                                                                                                       pemindahan hak-hak atas saham milik PT Asia Leisure             Juli 2020, Approved the transfer of rights to shares
      M.H., Notaris di Jakarta, untuk meningkatkan modal             and paid-up capital of CGU from Rp8,600,000,000 to
                                                                                                                                       Network sehingga susunan pemegang saham menjadi :               owned by PT Asia Leisure Network so that the
      ditempatkan     dan    modal    disetor   CGU     dari         Rp11,500,000,000. On the basis of the proposed
                                                                                                                                                                                                       composition of the shareholders becomes:
      Rp8.600.000.000 menjadi sebesar Rp11.500.000.000.              increase in paid-in capital, the shareholders also                -   PT Bukit Uluwatu Villa Tbk, sebanyak 7.800 saham,         -     PT Bukit Uluwatu Villa Tbk, totaling 7,800 shares,
      Atas dasar peningkatan modal ditempatkan dan disetor           approved the conversion of CGU loans to its                           masing-masing dengan nilai nominal Rp 1.000.000                 each with a nominal value Rp1,000,000 or the full
      yang diajukan, pemegang saham juga menyetujui untuk            shareholders consisting of liabilities to the Company                 atau nilai seluruhnya Rp 7.800.000.000
                                                                                                                                                                                                           value Rp 7,800,000,000.
      mengkonversi hutang CGU kepada pemegang saham,                 amounting Rp2,555,000,000 converted to 2,555 shares
                                                                                                                                       -   PT Global Nuansa Abadi, sebanyak 7.725 saham,             -     PT Global Nuansa Abadi, totaling 7,725 shares, each
      terdiri atas hutang CGU kepada Perusahaan sebesar              and CGU liabilities to ALN amounting Rp345,000,000
                                                                                                                                           masing-masing dengan nilai nominal Rp 1.000.000                 with a nominal value Rp1,000,000 or the full value
      Rp2.555.000.000 dikonversi menjadi 2.555 lembar                converted to 345 shares. For such increase, the
                                                                                                                                           atau nilai seluruhnya Rp 7.725.000.000.                         Rp 7,725,000,000.
      saham dan hutang CGU kepada ALN sebesar                        Company’s and ALN ownership become Rp4,025,000,000
      Rp345.000.000 dikonversi menjadi 345 lembar saham.             and Rp7,475,000,000, respectively. This increase
                                                                                                                                       PT DMS                                                         PT DMS
      Atas peningkatan tersebut, kepemilikan Perusahaan dan          brought the Company’s percentage of ownership in
      ALN masing-masing menjadi sebesar Rp4.025.000.000              CGU to 35%.
                                                                                                                                       Pada tanggal 1 Oktober 2014, Perusahaan melakukan              On October 1, 2014, the Company purchased shares of
      dan Rp7.475.000.000. Perubahan tersebut membuat                                                                                  pembelian saham PT DMS sebanyak 5.488 lembar saham             PT DMS totaling 5,488 shares or amounting to
      persentase kepemilikan Perusahaan atas CGU menjadi                                                                               atau     dengan    nominal   seluruhnya     sebesar            Rp5,488,000,000 from PT LNP. As a result of the
      35%.                                                                                                                             Rp5.488.000.000 dari PT LNP. Atas pembelian saham
                                                                                                                                                                                                      acquisition, the Company has 49% ownership in DMS.
                                                                                                                                       tersebut, Perusahaan mempunyai kepemilikan sebesar
                                                                                                                                       49% atas DMS.

                                                                                                                                       Pada tanggal 8 Desember 2014, Perusahaan                       On December 8, 2014, the Company increased the paid-
                                                                                                                                       meningkatkan modal disetor di DMS menjadi sebesar              in capital in DMS to become 10,388 shares or
                                                                                                                                       10.388 lembar saham atau dengan nominal seluruhnya             amounting Rp10,388,000,000. This increment does not
                                                                                                                                       sebesar Rp10.388.000.000. Peningkatan tersebut tidak
                                                                                                                                                                                                      affect the Company’s percentage of ownership.
                                                                                                                                       mempengaruhi persentase kepemilikan Perusahaan.
Page 94
                                                                          These consolidated financial statements are originally                                                                                     These consolidated financial statements are originally
                                                                                    issued in Indonesian language                                                                                                              issued in Indonesian language

                                               Ekshibit E/21                                                           Exhibit E/21                                                         Ekshibit E/22                                                         Exhibit E/22

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                        PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                                PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                     PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED FINANCIAL                                                 CATATAN ATAS LAPORAN                                   NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                                  STATEMENTS                                                            KEUANGAN KONSOLIDASIAN                                               STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                  AS OF DECEMBER 31, 2021 AND                                         TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                               AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                                      FOR THE YEAR THEN ENDED                                              YANG BERAKHIR PADA TANGGAL TERSEBUT                                   FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)                   (Expressed in Rupiah, unless otherwise stated)                            (Disajikan dalam Rupiah, kecuali dinyatakan lain)                (Expressed in Rupiah, unless otherwise stated)

1. U M U M (Lanjutan)                                             1. G E N E R A L (Continued)                                              1.    U M U M (Lanjutan)                                          1. G E N E R A L (Continued)
   d. Kepemilikan Saham pada Entitas Anak dan Entitas                 d. Shares Ownership in Subsidiaries and Associate
                                                                                                                                                  d. Kepemilikan Saham pada Entitas Anak dan Entitas            d.    Shares Ownership in Subsidiaries and Associate
      Asosiasi (Lanjutan)                                                (Continued)
                                                                                                                                                     Asosiasi (Lanjutan)                                              (Continued)
      PT DMS (Lanjutan)                                                     PT DMS (Continued)
                                                                                                                                                    PT KJA                                                            PT KJA
      Berdasarkan Akta Notaris No. 2, tanggal 9 Februari 2016               Based on Notarial Deed No. 2, on February 9, 2016
      dari Notaris Syarifah Chozie, S.H., M.H., para pemegang               from Syarifah Chozie, S.H., M.H., the shareholders                      Berdasarkan Akta Notaris No. 49, tanggal 12 Juni 2015             Based on Notarial Deed No. 49, on June 12, 2015 from
      saham menyetujui penjualan sebagian saham milik PT                    approved the partial sale of PT LNP shares to the                       dari Notaris Yulia S.H., Notaris di Jakarta Selatan,              Yulia S.H., in South Jakarta, the authorized capital of
      LNP kepada Perusahaan sebesar 10.412 lembar saham                                                                                             modal dasar PT KJA sebesar 8.000 lembar saham                     PT KJA totaled to 8,000 shares, with nominal value of
                                                                            Company totaling 10,412 shares or amounting to
      atau     dengan       nominal     seluruhnya     sebesar                                                                                      dengan nilai nominal Rp1.000.000 atau total sebesar               Rp1,000,000 or total amount of Rp8,000,000,000, while
      Rp10.412.000.000. Para pemegang saham juga                            Rp10,412,000,000. The shareholders also approved to
                                                                            increased the paid-in capital from Rp21,200,000,000 to                  Rp8.000.000.000, sedangkan modal ditempatkan dan                  the issued and fully paid capital totaled 2,000 shares,
      menyetujui untuk meningkatkan modal disetor yang                                                                                              disetor sebesar 2.000 lembar saham dengan nilai                   with nominal value of Rp1,000,000 or total amount of
      sebelumnya sebesar Rp21.200.000.000 menjadi sebesar                   become Rp40,000,000,000 or 40.000 shares. For the
      Rp40.000.000.000 atau dengan total keseluruhan 40.000                 increased, the Company acquired a total of 18,800                       nominal     Rp1.000.000     atau     total    sebesar             Rp2,000,000,000.
      lembar saham. Atas peningkatan tersebut, Perusahaan                   shares or amounting to Rp18,800,000,000. Therefore,                     Rp2.000.000.000.
      mengambil bagian sebesar 18.800 lembar atau dengan                    the Company ownership in DMS become 39,600 shares
      nominal seluruhnya sebesar Rp18.800.000.000. Sehingga                 or amounting to Rp39,600,000,000. As a result of the                    Sehingga, modal ditempatkan dan disetor KJA tersebut              Therefore, the issued and fully paid capital of KJA
      kepemilikan Perusahaan atas DMS menjadi sebesar                                                                                               telah diambil bagian oleh para pemegang saham yaitu               were acquired by shareholders, the Company,
                                                                            purchase and increment, the Company’s ownership in
      39.600 lembar saham atau dengan nominal seluruhnya                                                                                            Perusahaan, PT Internusa Prima Jaya (IPJ) dan                     PT Internusa Prima Jaya (IPJ) and PT Global Culina
      sebesar Rp39.600.000.000. Atas pembelian dan                          DMS become 99%.
                                                                                                                                                    PT Global Culina Abadi (GCA) masing-masing sebesar                Abadi (GCA) totaling Rp1,020,000,000, Rp770,000,000
      peningkatan tersebut, kepemilikan Perusahaan menjadi
      sebesar 99%.                                                                                                                                  Rp1.020.000.000, Rp770.000.000 dan Rp150.000.000.                 and Rp150,000,000, respectively.

      Rincian nilai wajar aset teridentifikasi neto sebagai                 The details of fair values of the identifiable net assets               Berdasarkan Akta Pernyataan Keputusan Pemegang                    Based on the Deed of Shareholders Decision Statement
      berikut:                                                              are as follows:                                                         Saham No. 30 tanggal 9 Juli 2015 dari Notaris Yulia               No. 30 on July 9, 2015 of Yulia S.H., in South Jakarta,
                                                                                                                                                    S.H., notaris di Jakarta Selatan, telah disetujui untuk           the shareholders approved to increase the authorized
                                                           Nilai Wajar/                                                                             meningkatkan       modal     dasar     KJA      sebesar           capital of    KJA from Rp8,000,000,000 to become
                                                           Fair Value                                                                               Rp8.000.000.000 menjadi sebesar Rp50.000.000.000                  Rp50,000,000,000 and to increase issued and fully paid-
                                                                                                                                                    dan meningkatkan modal ditempatkan dan disetor dari               in capital from Rp2,000,000,000 to become
      Aset                                                                                                                         Assets           sebesar      Rp2.000.000.000       menjadi      sebesar           Rp12,500,000,000.
      Kas dan bank                                          3.998.827.201                                           Cash and bank                   Rp12.500.000.000.
      Piutang lain-lain                                         4.285.000                                       Other receivables
      Uang muka dan biaya dibayar dimuka                    7.387.461.084               Advance payments and prepaid expenses                       Atas peningkatan tersebut, modal ditempatkan dan                  For such increase, the issued and fully paid capital of
      Piutang kepada pemegang saham                                                                  Due from shareholders and                      disetor KJA telah diambil bagian oleh para pemegang               KJA were acquired by shareholders, with compositions
           dan afiliasi                                    30.413.405.142                              affiliated companies                         saham dengan komposisi sebagai berikut: Perusahaan                as    follows:   the     Company,     amounting      to
      Aset tetap - neto                                        82.168.254                                       Fixed assets - net                  sebesar Rp6.375.000.000 atau sebanyak 6.375 lembar                Rp6,375,000,000 or 6,375 shares, PT Internusa Prima
      Investasi                                             2.095.357.138                                             Investments                   saham, PT Internusa Prima Jaya (IPJ) sebesar                      Jaya (IPJ) amounting to Rp5,000,000,000 or 5,000 share
      Aset dalam pembangunan                               18.488.682.222                          Property under development                       Rp5.000.000.000 atau sebanyak 5.000 lembar saham                  sand PT Global Culina Abadi (GCA) amounting to
                                                                                                                                                    dan PT Global Culina Abadi (GCA) sebesar                          Rp1,125,000,000 or 1,125 shares.
      Sub Jumlah                                           62.470.186.041                                                   Sub total               Rp1.125.000.000 atau sebanyak 1.125 lembar saham.

      Liabilitas                                                                                                          Liabilities

      Utang usaha                                             815.239.293                                          Trade payables
      Utang pajak                                              65.738.786                                          Taxes payables
      Beban yang masih harus dibayar                          436.070.401                                       Accrued expenses
      Utang kepada pemegang saham                             828.549.117                                     Due to shareholders
      Utang jangka panjang                                 40.298.371.437                                        Long-term loans

      Sub Jumlah                                           42.443.969.034                                                  Sub total

      Jumlah aset teridentifikasi neto pada                                                      Total identifiable net assets at
           nilai wajar                                     20.026.217.007                                          fair values
      Kepentingan non-pengendali                              398.801.694                                 Non-controlling interest
      Nilai wajar penyertaan yang                                                                    Fair value of previously held
            dimiliki sebelumnya                             9.812.846.333                                                interest
      Goodwill yang timbul dari akuisisi              (       584.863.289)                          Goodwill from the acquisition

      Nilai imbalan kas yang dialihkan                     10.412.000.000               Purchase cash consideration transferred
      Kas entitas anak yang diakuisisi                (     2.093.557.652)                        Cash of the acquired subsidiary

     Akuisisi entitas anak, bersih                                                                Acquisition of a subsidiary,
         kas yang diakuisisi                                8.318.442.348                            Net of cash acquired
Page 95
                                                                       These consolidated financial statements are originally                                                                             These consolidated financial statements are originally
                                                                                 issued in Indonesian language                                                                                                      issued in Indonesian language

                                               Ekshibit E/23                                                        Exhibit E/23                                                 Ekshibit E/24                                                         Exhibit E/24

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                      PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                       PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                       PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                                    NOTES TO THE CONSOLIDATED FINANCIAL                                        CATATAN ATAS LAPORAN                                     NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                                STATEMENTS                                                   KEUANGAN KONSOLIDASIAN                                                 STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                AS OF DECEMBER 31, 2021 AND                                TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                 AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                                    FOR THE YEAR THEN ENDED                                     YANG BERAKHIR PADA TANGGAL TERSEBUT                                     FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)                 (Expressed in Rupiah, unless otherwise stated)                   (Disajikan dalam Rupiah, kecuali dinyatakan lain)                  (Expressed in Rupiah, unless otherwise stated)

1. U M U M (Lanjutan)                                            1. G E N E R A L (Continued)                                      1. U M U M (Lanjutan)                                            1. G E N E R A L (Continued)
                                                                                                                                      d. Kepemilikan Saham pada Entitas Anak dan Entitas               d. Shares Ownership in Subsidiaries and Associate
   d. Kepemilikan Saham pada Entitas Anak dan Entitas               d. Shares Ownership in Subsidiaries and Associate
                                                                                                                                         Asosiasi (Lanjutan)                                              (Continued)
      Asosiasi (Lanjutan)                                              (Continued)
                                                                                                                                         KJA (Lanjutan)                                                    KJA (Continued)
       PT KJA (Lanjutan)                                                PT KJA (Continued)
                                                                                                                                         Pada tanggal 12 Februari 2020, Rapat Umum Pemegang                On February 12, 2020, the Extraordinary General
       Goodwill sebesar Rp27.634.774 menurut manajemen                  According to the management, the goodwill of                     Saham Luar Biasa, Akta Pernyataan Keputusan Rapat                 Meeting of Shareholders, Deed of Statement of
       bukan merupakan nilai atas sinergi yang diharapkan               Rp27,634,774 do not comprise the value of expected               Umum Pemegang Saham Luar Biasa No.16 yang dibuat                  Resolutions of the Extraordinary General Meeting of
       akan terjadi melalui kombinasi bisnis tersebut sehingga          synergies arising from the said business combination,            dihadapan Buchari Hanafi, S.H., Notaris di Kota                   Shareholders No.16 made before Buchari Hanafi, S.H.,
       langsung dihapuskan.                                             therefore was written off.                                       Tangerang, Akta ini telah diterima dn dicatat di dalam            Notary in Tangerang City, This deed has been accepted
                                                                                                                                         sistem Administrasi Badan Hukum, Kementrian Hukum                 and recorded in the LegalAdministration System,
       Pada tanggal 18 Oktober 2016, berdasarkan Akta                   On October 18, 2016, based on the Deed of                        dan Hak Asasi Manusia No. AHU-0043357.AH.01.11.                   Ministry of Justice and Human Rights, registered No.
       Pernyataan Keputusan Pemegang Saham No. 70 yang                  Shareholders Decision Statement No. 70 of Yunita,                Tahun 2020 Tanggal 3 Maret 2020, menyetujui                       AHU-0043357.AH.01.11.Year 2020 on March 3, 2020
       dibuat di hadapan Yunita, S.H., M.Kn., Notaris di                S.H., M.Kn., Notary in Jakarta, to increase the issued           pengunduran diri Tuan Hendry Utomo selaku anggota                 approved the resignation of Mr. Hendry Utomo as a
       Jakarta, untuk meningkatkan modal ditempatkan dan                and paid-up capital of KJA from Rp12,500,000,000 to              Dewan Komisaris sebagaimana terbukti dari surat                   member of the Board of Commissioners as evidenced
       modal disetor KJA dari Rp12.500.000.000 menjadi                  Rp13,500,000,000, the amount subscribed and paid-up              pengunduran dirinya tertanggal 3 Desember 2019,                   from his resignation letter dated December 3 2019, so
       sebesar Rp13.500.000.000 jumlah yang dipesan dan                 in full by GCA amounted to Rp600,000,000 and IPJ                 sehingga susunan para anggota Direksi dan Dewan                   that the composition of the members of the Board of
       disetor penuh oleh GCA sebesar Rp600.000.000 dan IPJ             amounted to Rp400,000,000. For such increase, GCA                Komisaris menjadi sebagai berikut:                                Directors and Board of Commissioners is as follows:
       sebesar Rp400.000.000. Atas peningkatan tersebut,                and IPJ ownership become Rp1,725,000,000 and
                                                                                                                                          Dewan Komisaris                                                                                 Board of Commissioners
       kepemilikan GCA dan IPJ masing-masing menjadi                    Rp5,400,000,000, respectively. This increase brought
                                                                                                                                          Presiden Komisaris               :           Adithya Prakarsa Winata             :               President Commissioner
       sebesar    Rp1.725.000.000   dan    Rp5.400.000.000.             the Company’s percentage of ownership in KJA to
                                                                                                                                          Komisaris                        :               Natasha Silfanus                :                         Commissioner
       Perubahan tersebut membuat persentase kepemilikan                47.22%.
       Perusahaan atas KJA menjadi 47,22%.                                                                                                Direksi                                                                                               Board of Directors
                                                                                                                                          Presiden Direktur                :      Andrew Christopher Tjahyadikarta         :                     President Director
       Pada tanggal 14 Juni 2017, berdasarkan Akta                      On June 14, 2017, based on Deed of Shareholders                   Direktur                         :             Dipa Simatupang                   :                               Director
       Pernyataan Keputusan Pemegang Saham No. 73 yang                  Decision Statement No. 73 of Yulia,S.H., Notary in                Direktur                         :                Ivan Wijaya                    :                               Director
       dibuat di hadapan Yulia,S.H., Notaris di Jakarta,                Jakarta, the shareholders agreed to transfer 975 shares
                                                                                                                                         Anggaran Dasar KJA telah mengalami beberapa kali                  KJA's Articles of Association have been amended
       pemegang saham menyetujui Perusahaan mengalihkan                 of the company to GCA at Rp1,000,000 per share or
                                                                                                                                         perubahan. Perubahan terakhir dilakukan untuk                     several times. The last amendment was made to
       saham Perusahaan kepada GCA sebanyak 975 lembar                  equivalent to Rp975,000,000. This decrease brought
                                                                                                                                         disesuaikan dengan hasil Rapat Umum Pemegang Saham                conform with the results of the General Meeting of
       dengan harga Rp1.000.000 per lembar saham atau                   the Company’s percentage of ownership in KJA to 40%.
                                                                                                                                         No. 18 tanggal 4 Agustus 2020 dibuat dihadapan Yulia,             Shareholders No. 18 dated August 4 2020 made before
       setara dengan Rp975.000.000, sehingga kepemilikan
                                                                                                                                         S.H., Notaris di Kota Jakarta Selatan, Akta ini telah             Yulia, S.H., Notary in South Jakarta City, this deed has
       Perusahaan atas KJA menjadi 40%.
                                                                                                                                         diterima dn dicatat di dalam sistem Administrasi Badan            been received and recorded in the Legal Entity
                                                                                                                                         Hukum, Kementrian Hukum dan Hak Asasi Manusia No.                 Administration system, Ministry of Law and Human
       Pada tanggal 25 Juli 2018, berdasarkan Akta Pernyataan           On July 25, 2018, based on the Deed of the Decision
                                                                                                                                         AHU-0043357.AH.01.11.Tahun 2020 Tanggal 3 Maret                   Rights No. AHU-0043357.AH.01.11.Year 2020 March 3,
       Keputusan Pemegang Saham No. 122 yang dibuat di                  Statement of the Shareholders No. 122 of Yulia S.H.,
                                                                                                                                         2020, menyetujui :                                                2020, agree:
       hadapan Yulia,S.H., Notaris di Jakarta, pemegang                 Notary in Jakarta, the shareholders agreed to increase
                                                                                                                                         1. Perubahan klasifikasi saham A yang merupakan saham             1. Changes in the classification of shares A which are
       saham menyetujui peningkatan modal ditempatkan dan               the subscribed and fully paid of KJA from
                                                                                                                                            biasa dengan nilai seluruhnya Rp55.000.000.000 dan                ordinary shares with a total value of Rp.
       disetor KJA dari semula Rp13.500.000.000 yang dibagi             Rp13,500,000,000 divided into 13,500 shares with
                                                                                                                                            seri B yang merupakan saham preferen dengan nilai                 55,000,000,000 and series B which are preferred
       13.500 lembar saham dengan nominal Rp1.000.000                   nominal value of Rp1,000,000 per share to
                                                                                                                                            seluruhnya Rp20.000.000.000.                                      shares with a total value of Rp. 20,000,000,000.
       menjadi Rp55.000.000.000 yang dibagi 55.000 lembar               Rp55,000,000,000 divided into 55,000 shares with the
                                                                                                                                         2. Menyetujui peningkatan modal dasar dari yang semula            2. Approved the increase in authorized capital from
       saham dengan nilai nominal yang sama. Peningkatan                same nominal value. The increase in subscribed and
                                                                                                                                            Rp55.000.000.000 terbagi atas 55.000 saham dengan                 Rp. 55,000,000,000 divided into 55,000 shares with
       modal ditempatkan dan disetor ini telah diambil oleh             fully paid capital has been taken by the shareholders,
                                                                                                                                            nilai nominal Rp1.000.000 menjadi Rp100.000.000.000               a     nominal    value   of    Rp.    1,000,000    to
       pemegang saham, tetapi Perusahaan tidak memesan                  but the Company did not fully subscribed shares in
                                                                                                                                            terbagi atas 80.000 Seri A atau sebesar                           Rp. 100,000,000,000 divided into 80,000 Series A or
       saham     secara    penuh     sesuai   dengan     porsi          accordance wih it’s proportionate shareholdings, so
                                                                                                                                            Rp80.000.000.000 dan 20.000 Seri B atau sebesar                   Rp. 80,000,000,000 and 20,000 Series B or
       kepemilikannya, sehingga setelah peningkatan tersebut            that after such increase, the Companys’ shareholdings
                                                                                                                                            Rp20.000.000.000.                                                 Rp. 20.000,000,000.
       kepemilikan saham Perusahaan di KJA turun dari 40%               in KJA decrease from 40% to 25% on representing
                                                                                                                                         3. Menyetujui     peningkatan    modal    disetor   dan           3. Approved the increase in paid-up and issued capital
       menjadi 25% atau merupakan 13.750 lembar saham dari              13,750 shares out of the total shares outstanding of
                                                                                                                                            ditempatkan dari semula Rp55.000.000.000 menjadi                  from initially IDR 55,000,000,000 to IDR
       jumlah saham sebesar 55.000 lembar saham yang                    55,000 shares issued by KJA.
                                                                                                                                            Rp75.000.000.000, dengan rincian para pemegang                    75,000,000,000, with details of the shareholders
       dikeluarkan KJA.
                                                                                                                                            saham yaitu : PT Internusa sebanyak 8.000 lembar                  namely: PT Internusa with 8,000 Series B shares or
                                                                                                                                            Seri B atau sebesar Rp8.000.000.000, PT TJ Silfanus               IDR 8,000,000,000, PT TJ Silfanus with 3,000 shares
       Pada tahun 2018, KJA telah merestrukturisasi komposisi           In 2018, KJA has restructured the composition of its
                                                                                                                                            sebanyak 3.000 lembar Seri B atau sebesar                         Series B or in the amount of IDR 3,000,000,000,
       Dewan Komisaris dengan mengangkat Hendry Utomo                   Board of Commissioners by appointing Hendry Utomo as
                                                                                                                                            Rp3.000.000.000, PT Bukit Uluwatu Villa Tbk,                      PT Bukit Uluwatu Villa Tbk, in the amount of 5,000
       sebagai anggota komisaris. Oleh karena itu, Perusahaan           a commissioner representing the Company. Because of
                                                                                                                                            sebanyak 5.000 lembar Seri B atau sebesar                         Series B or in the amount of IDR 5,000,000,000 and
       mengevaluasi kembali pengendaliannya terhadap KJA                this, the Company has reassessed the extent of its
                                                                                                                                            Rp5.000.000.000 dan PT Global Culina Abadi sebanyak               PT Global Culina Abadi in the amount of 4,000
       dengan melihat kembali aspek dimana Perusahaan                   control over KJA by looking at all areas where the
                                                                                                                                            4.000 lembar Seri B atau sebesar Rp4.000.000.000.                 Series B or in the amount of IDR 4,000,000,000.
       mempunyai pengendalian yang signifikan. Aspek ini                Company has significant control. These areas included
       meliputi penjualan dan pembelian jasa atas barang,               sale and purchase of assets, management of financial             Sehubungan dengan pengundurannya Tuan Hendry                      Relations with his colleague Mr. Hendry Utomo,
       pengelolaan aset finansial, pemilihan atau penjualan             assets, selection and disposal of assets, opening of new         Utomo, manajemen menganalisa bahwa Perusahaan                     management analyzes that the Company lost control of
       aset, pembukaan restoran atau toko, dan keperluan                outlets, and funding needs.                                      kehilangan kendali terhadap PT KJA, sehingga PT KJA               PT KJA, so PT KJA was not consolidated and became an
       pendanaan.                                                                                                                        tidak dikonsolidasi dan menjadi entitas asosiasi per              associate entity as of February 2020.
                                                                                                                                         Februari 2020.
Page 96
                                                                          These consolidated financial statements are originally                                                                               These consolidated financial statements are originally
                                                                                    issued in Indonesian language                                                                                                        issued in Indonesian language

                                             Ekshibit E/25                                                             Exhibit E/25                                                   Ekshibit E/26                                                         Exhibit E/26

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                        PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                           PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                     PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED FINANCIAL                                            CATATAN ATAS LAPORAN                                   NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                                  STATEMENTS                                                       KEUANGAN KONSOLIDASIAN                                               STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                  AS OF DECEMBER 31, 2021 AND                                    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                               AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                                      FOR THE YEAR THEN ENDED                                         YANG BERAKHIR PADA TANGGAL TERSEBUT                                   FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)                   (Expressed in Rupiah, unless otherwise stated)                       (Disajikan dalam Rupiah, kecuali dinyatakan lain)                (Expressed in Rupiah, unless otherwise stated)

1. U M U M (Lanjutan)                                            1.   G E N E R A L (Continued)                                          1. U M U M (Lanjutan)                                         1.    G E N E R A L (Continued)

   d. Kepemilikan Saham pada Entitas Anak dan Entitas                 d. Shares Ownership in Subsidiaries and Associate                     d.   Kepemilikan Saham pada Entitas Anak dan Entitas             d.     Shares Ownership in Subsidiaries and Associate
      Asosiasi (Lanjutan)                                                (Continued)                                                             Asosiasi (Lanjutan)                                                (Continued)

      PT MA                                                                PT MA                                                                 PT MA (Lanjutan)                                                   PT MA (Continued)
      Pada tanggal 1 Oktober 2015, Perusahaan melakukan                    On October 1, 2015, the Company purchased shares of
      pembelian saham MA sebanyak 22.957 lembar saham                      MA totaling 22,957 shares or amounting to                                                                            Nilai Wajar/
      atau    dengan    nominal    seluruhnya    sebesar                   Rp22,957,000,000. As a result of the acquisition, the                                                                Fair Value
      Rp22.957.000.000. Atas pembelian saham tersebut,                     Company has 99% ownership in MA, with purchase
      Perusahaan mempunyai kepemilikan saham sebesar 99%                   consideration transferred of Rp22,957,000,000 from                    Liabilitas                                                                                                     Liabilities
      atas MA dengan imbalan pembelian yang dialihkan                      the previous owner.
      dengan total sebesar Rp22.957.000.000 dari pemilik                                                                                         Liabilitas lancar                          (   15.000.066.738)                                    Current liabilities
      saham lama.                                                                                                                                Uang muka pemesanan saham                  (   68.763.000.000)                       Advanced for stock subscription
      MA adalah entitas non-publik yang berlokasi di                       MA is an unlisted company located in Karangasem, Bali,
      Karangasem, Bali, yang bergerak di bidang usaha                      which is engaged in hotel industry. By acquiring MA,                  Jumlah aset teridentifikasi neto                                                                 Total identifiable net
      perhotelan. Dengan akuisisi MA, Perusahaan akan                      the Company will be more competitive against its                       pada nilai wajar                              22.963.826.699                                    assets at fair values
      menjadi lebih kompetitif terhadap para pesaing.                      competitors. The investment will also enable the
      Investasi ini juga akan membuat Perusahaan dan entitas               Company and its subsidiaries to enlarge its revenue                   Goodwill yang timbul dari akuisisi         (         6.826.699)               Goodwill arising from the acquisition
      anaknya mampu untuk memperluas pendapatan di                         stream from hotel and resort industry.
      bidang perhotelan dan resort.                                                                                                              Nilai imbalan kas yang dialihkan               22.957.000.000               Purchase cash consideration transferred
      Kemudian, MA meningkatkan modal dasar yang                           Then, MA increase the authorized capital from
      sebelumnya         Rp25.000.000.000       menjadi                    Rp25,000,000,000 to become Rp100,000,000,000 and                       Kas entitas anak yang diakuisisi          (    7.188.863.842 )                       Cash of the acquired subsidiary
      Rp100.000.000.000    serta   meningkatkan   modal                    increased its issued and paid-up capital from
      ditempatkan dan modal disetor yang sebelumnya                        Rp22,957,000,000    to   become   Rp80,000,000,000,                   Akuisisi entitas anak, bersih                                                             Acquisition of a subsidiary,
      Rp22.957.000.000 menjadi sebesar Rp80.000.000.000,                   therefore   the    Company    has   ownership    of                    kas yang diakuisisi                           15.768.136.158                                  net of cash acquired
      sehingga Perusahaan memiliki kepemilikan saham                       Rp79,200,000,000 or 79,200 shares and PT ALN of
      sebesar Rp79.200.000.000 atau 79.200 lembar saham                    Rp800,000,000 or 800 shares.                                          Goodwill sebesar Rp6.826.699 menurut manajemen                   According to the management, the goodwill of
      dan PT ALN sebesar Rp800.000.000 atau 800 lembar                                                                                           bukan merupakan nilai atas sinergi yang diharapkan               Rp6,826,699 do not comprise the value of expected
      saham.                                                                                                                                     akan terjadi melalui kombinasi bisnis tersebut                   synergies arising from the said business
      Akuisisi dan peningkatan modal saham MA telah                        Acquisitions and share capital increase of MA has been                sehingga langsung dihapuskan.                                    combination, therefore was written off.
      diaktakan dalam Akta Notaris No. 2, tanggal 1 Oktober                notarized by Notarial Deed No. 2, on October 1, 2015
      2015 dari Notaris Angela Meilany Basiroen, S.H.                      of Angela Meilany Basiroen, S.H.                                      Tidak terdapat liabilitas/imbalan kontinjen yang                 There is no contingent liability/consideration
                                                                                                                                                 timbul dari akuisisi MA. Perusahaan telah memenuhi               arising from the acquisition of MA. The Company
      Rincian nilai wajar aset teridentifikasi neto sebagai                The details of fair values of the identifiable net assets             peraturan OJK yang terkait sehubungan dengan                     has complied with relevant OJK rules pertaining to
      berikut:                                                             are as follows:                                                       akuisisi MA.                                                     the acquisition of MA.
                                                           Nilai Wajar/
                                                                                                                                                 PT MBS                                                           PT MBS
                                                           Fair Value
                                                                                                                                                 Pada tanggal 5 Juli 2013, DMS bersama dengan                     On July 5, 2013, DMS together with Franky
      Aset                                                                                                                    Assets
      Kas dan setara kas                                    7.188.863.842                                  Cash and cash equivalents
                                                                                                                                                 Franky Tjahyadikarta, Teguh Budiono Sutrisno dan                 Tjahyadikarta, Teguh Budiono Sutrisno and Robby
      Piutang usaha dan lain-lain                          27.019.845.653                                Trade and other receivables             Robby Djohan mendirikan suatu perusahaan, PT MBS                 Djohan has established a company, PT MBS with the
      Persediaan                                              801.069.626                                                 Inventories            dengan komposisi kepemilikan saham adalah sebesar                composition of shares ownership of 30% for DMS and
      Beban dan pajak dibayar dimuka                        1.306.828.236                                 Prepaid expenses and taxes             30% untuk DMS dan untuk Franky Tjahyadikarta,                    for Franky Tjahyadikarta, Teguh Budiono Sutrisno
      Pajak tangguhan                                           2.886.080                                               Deferred tax             Teguh Budiono Sutrisno dan Robby Djohan masing-                  and Robby Djohan respectively for 30%, 30% and
      Sewa tanah                                           29.850.650.000                                                Rented land             masing sebesar 30%, 30% dan 10%, sehingga total                  10%, therefore the DMS's total paid-in capital
      Aset tetap - neto                                    40.172.590.000                                                Fixed assets            modal disetor DMS adalah sebesar Rp2.250.000.000                 amounted     to    Rp2,250,000,000   and    Franky
      Perlengkapan operasional hotel                          384.160.000                                 Hotel operating equipment              dan Franky Tjahyadikarta, Teguh Budiono Sutrisno                 Tjahyadikarta, Teguh Budiono Sutrisno and Robby
                                                                                                                                                 dan    Robby    Djohan    masing-masing   sebesar                Djohan          amounting         Rp2,250,000,000,
      Sub total                                           106.726.893.437                                                    Sub total           Rp2.250.000.000,       Rp2.250.000.000       dan                 Rp2,250,000,000 and Rp750,000,000 respectively.
                                                                                                                                                 Rp750.000.000.
Page 97
                                                                       These consolidated financial statements are originally                                                                          These consolidated financial statements are originally
                                                                                 issued in Indonesian language                                                                                                   issued in Indonesian language

                                              Ekshibit E/27                                                         Exhibit E/27                                                 Ekshibit E/28                                                      Exhibit E/28

     PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                     PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                       PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                   PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                  CATATAN ATAS LAPORAN                                   NOTES TO THE CONSOLIDATED FINANCIAL                                        CATATAN ATAS LAPORAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                 KEUANGAN KONSOLIDASIAN                                               STATEMENTS                                                   KEUANGAN KONSOLIDASIAN                                             STATEMENTS
      TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                               AS OF DECEMBER 31, 2021 AND                                TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                             AS OF DECEMBER 31, 2021 AND
         YANG BERAKHIR PADA TANGGAL TERSEBUT                                   FOR THE YEAR THEN ENDED                                     YANG BERAKHIR PADA TANGGAL TERSEBUT                                 FOR THE YEAR THEN ENDED
     (Disajikan dalam Rupiah, kecuali dinyatakan lain)                (Expressed in Rupiah, unless otherwise stated)                   (Disajikan dalam Rupiah, kecuali dinyatakan lain)              (Expressed in Rupiah, unless otherwise stated)

1.    U M U M (Lanjutan)                                        1.    G E N E R A L (Continued)                                      2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN                   2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

      d. Kepemilikan Saham pada Entitas Anak dan Entitas              d. Shares Ownership in Subsidiaries and Associate                 Kebijakan akuntansi utama yang diterapkan dalam              The principal accounting policies adopted in preparing
         Asosiasi (Lanjutan)                                             (Continued)                                                    penyusunan laporan keuangan konsolidasian Perusahaan         the consolidated financial statements of the Company
                                                                                                                                        dan entitas anaknya adalah seperti dijabarkan di bawah       and its subsidiaries are set out below:
        PT MBS (Lanjutan)                                               PT MBS (Continued)                                              ini:

        Berdasarkan akta perubahan terakhir No. 67 tanggal              Based on the last Deed No. 67 on March 26, 2015 by              Pernyataan Kepatuhan                                         Statement of Compliance
        26 Maret 2015 oleh Notaris Angela Basiroen, S.H.                Angela Basiroen, S.H. it was approved the transfer of
        disetujui pemindahan atas hak-hak atas saham milik              rights over 750 shares owned by Robby Djohan with               Laporan keuangan konsolidasian telah disusun sesuai          The consolidated financial statements have been
        Robby Djohan sebanyak 750 lembar saham dengan nilai             nominal value of Rp750,000,000 to PT Citrahasta
                                                                                                                                        dengan Standar Akuntansi Keuangan di Indonesia               prepared in accordance with the Financial Accounting
        nominal sebesar Rp750.000.000 kepada PT Citrahasta              Investama.
                                                                                                                                        (“SAK”), yang mencakup Pernyataan dan Interpretasi           Standards (“SFAS”) in Indonesia, which comprise the
        Investama.
                                                                                                                                        yang dikeluarkan oleh Dewan Standar Akuntansi                Statements and Interpretations issued by the Financial
        Berdasarkan Akta Pernyataan Pemegang Saham MBS No.              Based on Shareholders Statements Deed of MBS No. 08
                                                                                                                                        Keuangan Ikatan Akuntan Indonesia dan Peraturan-             Accounting Standards Board of the Indonesian Institute
        08 tanggal 6 Oktober 2016 oleh Notaris Jose Dima                on October 6, 2016 by Jose Dima Satria, S.H., M.Kn it           peraturan serta Pedoman Penyajian dan Pengungkapan           of Accountants and the Regulations and the Guidelines
        Satria, S.H., M.Kn telah disetujui pemindahan hak-hak           was approved to transfer the rights over the shares             Laporan Keuangan yang diterbitkan oleh Otoritas Jasa         on Financial Statement Presentation and Disclosures
        atas saham PT Citrahasta Investama sebanyak 750                 from PT Citrahasta Investama to PT Intijaya                     Keuangan (“OJK”).                                            issued by the Financial Services Authority (“FSA”).
        lembar saham atau sebesar Rp750.000.000 kepada                  Kreasiperkasa for 750 shares or equal to
        PT Intijaya Kreasiperkasa, sehingga susunan para                Rp750,000,000, so that the shareholders structure of            Perusahaan adalah pemilik Hotel Alila Ubud dan Alila         The Company is the owner of Alila Ubud Hotel and Alila
        pemegang saham atas MBS masing-masing yaitu DMS,                MBS to become DMS, PT Intijaya Kreasiperkasa and                Villas Uluwatu, yang kegiatan operasionalnya dikelola        Villas Uluwatu, the operations of which are managed by
        PT Intijaya Kreasiperkasa dan Teguh Budiono Sutrisno            Teguh Budiono Sutrisno amounting Rp2,250,000,000,               oleh AHR Perusahaan menyelenggarakan pembukuan               AHR The Company maintains its accounting records for
        sebesar    Rp2.250.000.000,     Rp3.000.000.000   dan           Rp3,000,000,000 and Rp2,250,000,000, respectively.              untuk kantor pusat dan hotel. Transaksi operasional          both the head office and hotel. The hotel’s operational
        Rp2.250.000.000.                                                                                                                hotel dicatat dalam pembukuan hotel, sementara               transactions are recorded in the hotel’s book, while
                                                                                                                                        transaksi non-operasional dicatat dalam pembukuan            non-operational transactions are recorded in the head
        Berdasarkan Akta Pernyataan Pemegang Saham MBS                  Based on Shareholders Statements Deed of MBS                    kantor pusat. Untuk menyajikan laporan keuangan              office’s book. To present the Company’s consolidated
        No. 17 tanggal 10 Oktober 2016 oleh Notaris Jose Dima           No. 17 on October 10, 2016 by Jose Dima Satria, S.H.,           konsolidasian secara keseluruhan, laporan keuangan           financial statements as a whole, the financial
        Satria, S.H., M.Kn., pemegang saham menyetujui                  M.Kn., the shareholders agreed to increase its
                                                                                                                                        kantor    pusat   dan    hotel   dikombinasi  dengan         statements of both hotels and head office are combined
        meningkatkan modal dasar dan modal ditempatkan MBS              authorized and issued capital of MBS to become
                                                                                                                                        mengeliminasi akun-akun yang resiprokal untuk                after eliminating reciprocal accounts in order to reflect
        menjadi       sebesar      Rp80.000.000.000       dan           Rp80,000,000,000 and Rp20,000,000,000 consisting of
                                                                                                                                        mencerminkan posisi keuangan dan hasil usaha                 the financial position and results of operations of the
        Rp20.000.000.000 yang terdiri dari 80.000 dan 20.000            80,000 and 20,000 shares with a par value per share
        lembar saham dengan nilai nominal setiap saham                  amounted to Rp1,000,000.
                                                                                                                                        Perusahaan sebagai satu kesatuan.                            Company as one business entity.
        sebesar Rp1.000.000.
                                                                                                                                        a. Dasar penyajian laporan keuangan konsolidasian            a. Basis of preparation of the consolidated financial
        Atas    peningkatan   tersebut,  kepemilikan   DMS,             For such increase, DMS, PT Intijaya Kreasiperkasa and                                                                           statements
        PT Intijaya Kreasiperkasa dan Teguh Budiono Sutrisno            Teguh    Budiono    Sutrisno‘s   ownership    become
        masing-masing menjadi sebesar Rp6.880.000.000,                  Rp6,880,000,000,         Rp10,800,000,000         and               Laporan keuangan konsolidasian telah disusun sesuai         The consolidated financial statements have been
        Rp10.800.000.000 dan Rp2.320.000.000. Perubahan                 Rp2,320,000,000, respectively. This increase brought                dengan Standar Akuntansi Keuangan Indonesia yang            prepared in accordance with Indonesian Financial
        tersebut membuat persentase kepemilikan DMS atas                the DMS’s percentage of ownership in MBS to 34.4%.                  mencakup Pernyataan dan Interpretasi yang                   Accounting Standards, which comprise the
        MBS menjadi 34,4%.                                                                                                                  dikeluarkan oleh Dewan Standar Akuntansi Keuangan           Statements and Interpretations issued by the
                                                                                                                                            Ikatan Akuntan Indonesia (“DSAK”) dan Peraturan             Financial Accounting Standards Board of the
        Berdasarkan Akta Pernyataan Pemegang Saham MBS                  Based on Shareholders Statements Deed of MBS No. 32                 No. VIII.G.7 mengenai “Penyajian dan Pengungkapan           Indonesian Institute of Accountants (“DSAK”), and
        No. 32 tanggal 11 September 2020 oleh Notaris                   dated September 11, 2020 by Notary Eliawaty Tjitra,
                                                                                                                                            Laporan Keuangan Emiten atau Perusahaan Publik”             the Regulation No. VIII.G.7 regarding the
        EliawatyTjitra, S.H., pemegang saham menyetujui                 S.H., the shareholders agreed the issuance of a portion
                                                                                                                                            yang dikeluarkan oleh BAPEPAM-LK sebagaimana                “Presentation and Disclosures of Financial
        pengeluaran sebagian sisa modal saham dari modal                of the remaining share capital of the company
                                                                                                                                            terlampir dalam Surat keputusan Ketua BAPEPAM-LK            Statements of Issuers or Public Companies” issued
        dasar sebesar Rp 10.670.000.000 yang diambil                    authorized capital amounting to Rp 10.670.000.000
        seluruhnya oleh PT Intijaya Kreasiperkasa. Atas                 which will be fully taken by PT Intijaya Kreasiperkasa.             No. KEP-347/BL/2012.                                        by BAPEPAM-LK as enclosed in the Decision Letter
        peningkatan tersebut, kepemilikan DMS dan PT Inti               For such increase, DMS and PT Intijaya Kreasiperkasa                                                                            No. KEP-347/BL/2012 of the Chief of BAPEPAM-LK.
        Kreasiperkasa masing-masing sebesar Rp 6.880.000.000            ownership       become       Rp6,880,000,000        and
        dan Rp 23.790.000.000. Perubahan tersebut membuat               Rp 23,790,000,000, respectively. This increase brought             Laporan keuangan konsolidasian disajikan sesuai              The consolidated financial statements are prepared
        persentase kepemilikan DMS atas MBS menjadi 22,43%.             the DMS’s percentage of ownership in MBS to 22,43%.                dengan PSAK 1, “Penyajian Laporan Keuangan”.                 in accordance with SFAS 1, “Presentation of
                                                                                                                                           Adapun yang dimaksud dengan laporan keuangan                 Financial Statements”. The consolidated financial
     e. Penyelesaian Laporan Keuangan Konsolidasian                  e. Completion       of    the     Consolidated      Financial         konsolidasian  dalam    laporan   keuangan      ini          statements referred to throughout these financial
                                                                        Statements                                                         merupakan laporan keuangan konsolidasian interim.            statements represent the interim consolidated
                                                                                                                                                                                                        financial statements.
        Manajemen      Perusahaan     dan    entitas anaknya            The management of the Company and its subsidiaries
        bertanggung jawab atas penyusunan laporan keuangan              is responsible for the preparation of the consolidated             Laporan keuangan konsolidasian, kecuali laporan              The consolidated financial statements, except for
        konsolidasian yang diselesaikan dan diotorisasi untuk           financial statements which were completed and                      arus kas konsolidasian, disusun dengan konsep harga          the consolidated statement of cash flows, have
        diterbitkan pada tanggal 6 Maret 2023.                          authorized to be issued on March 6, 2023.                          perolehan dan basis akrual, kecuali disebutkan lain          been prepared on the historical cost concept and
                                                                                                                                           dalam catatan atas laporan keuangan konsolidasian            accrual basis, except as otherwise disclosed in the
                                                                                                                                           yang relevan.                                                relevant notes herein.
Page 98
                                                                 These consolidated financial statements are originally                                                                      These consolidated financial statements are originally
                                                                           issued in Indonesian language                                                                                               issued in Indonesian language

                                            Ekshibit E/29                                                     Exhibit E/29                                              Ekshibit E/30                                                     Exhibit E/30

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                 PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                     PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                 PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                               NOTES TO THE CONSOLIDATED FINANCIAL                                      CATATAN ATAS LAPORAN                               NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                           STATEMENTS                                                 KEUANGAN KONSOLIDASIAN                                           STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                           AS OF DECEMBER 31, 2021 AND                              TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                           AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                               FOR THE YEAR THEN ENDED                                   YANG BERAKHIR PADA TANGGAL TERSEBUT                               FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)            (Expressed in Rupiah, unless otherwise stated)                 (Disajikan dalam Rupiah, kecuali dinyatakan lain)            (Expressed in Rupiah, unless otherwise stated)

2. IKHTISAR     KEBIJAKAN      AKUNTANSI      SIGNIFIKAN     2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES                   2. IKHTISAR     KEBIJAKAN     AKUNTANSI      SIGNIFIKAN     2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
   (Lanjutan)                                                   (Continued)                                                     (Lanjutan)                                                  (Continued)

   a. Dasar penyajian laporan keuangan konsolidasian           a. Basis of preparation of the consolidated financial            c. Standar baru, Amandemen, Penyesuaian dan                c. New Standards, Amendments, Adjustments and
      (Lanjutan)                                                  statements (Contunued)                                           Interpretasi Standar Akuntansi Keuangan yang               Interpretations of Financial Accounting Standards
      Prinsip kebijakan akuntansi yang diadopsi dalam             The principal accounting policies adopted in the                 efektif pada tahun 2022 - 2025                             effective in 2022 - 2025                                   tive
      penyusunan     laporan    keuangan     konsolidasian        preparation    of    the   consolidated    financial
                                                                                                                                    Berikut ini adalah standar yang telah diterbitkan,        Presented below are the standards that have been
      dinyatakan dalam Catatan 2. Kebijakan tersebut              statements are set out in Note 2. The policies have
                                                                                                                                    yang akan berlaku efektif pada tahun 2022 – 2025:         issued, which will be effective in year 2022 – 2025:
      telah diterapkan secara konsisten untuk setiap              been consistently applied to all the years
      tahun penyajian, kecuali dinyatakan lain.                   presented, unless otherwise stated.
      Laporan arus kas konsolidasian, yang disusun dengan         The consolidated statement of cash flows, which has               •    PSAK 1 (Amandemen 2020) Penyajian Laporan          ▪ •    SFAS 1 (Amendment 2020) Presentation of
      menggunakan      metode     langsung,    menyajikan         been prepared using the direct method, presents                        Keuangan;                                                 Financial Statements;
      penerimaan dan pengeluaran kas dan setara kas               receipts and disbursements of cash and cash                       •    PSAK 16 (Amandemen 2021) Aset tetap;               ▪ •    SFAS 16 (Amendment 2021) Fixed assets;
      yang diklasifikasikan ke dalam aktivitas operasi,           equivalents classified into operating, investing and              •    PSAK 22 (Amandemen 2020) Kombinasi Bisnis;         ▪ •    SFAS    22     (Amendment   2020)     Business
      investasi, dan pendanaan.                                   financing activities.                                                                                                            Combinations;
                                                                                                                                    •    PSAK 25 (Amandemen 2021) Kebijakan                 ▪ •    SFAS 25 (Amendment 2021) Accounting Policies,
      Penyusunan     laporan   keuangan    konsolidasian          The preparation of the consolidated financial                          Akuntansi, Perubahan Estimasi Akuntansi dan               Changes
      berdasarkan SAK mensyaratkan penggunaan estimasi            statements in compliance with FASrequires the use                      Kesalahan
      akuntansi kritikal tertentu. Penyusunan laporan             of certain critical accounting estimates. It also                 •    PSAK     46   (Amandemen       2021)  Pajak        ▪ •    SFAS 46 (Amendment 2021) Income Taxes;
      keuangan juga mensyaratkan manajemen untuk                  requires Group management to exercise judgement                        Penghasilan;
      menggunakan pertimbangan dalam menerapkan                   in applying the Group’s accounting policies. The                  •    PSAK 57 (Amandemen 2020) Provisi, Liabilitas       ▪ •    SFAS    57   (Amendment      2020)   Provision,
      kebijakan akuntansi. Hal-hal di mana pertimbangan           areas where significant judgements and estimates                       Kontinjensi, dan Aset Kontinjensi tentang                 Contingent Liabilities and Contingent Assets
      dan estimasi yang signifikan telah dibuat dalam             have been made in preparing the financial                              Kontrak Membratkan – Biaya Memenuhi                       regarding Onerous Contracts – Cost of Fulfilling
      penyusunan laporan keuangan beserta dampaknya               statements and their effect are disclosed in Note 3.                   Kontrak;                                                  a Contract;
      diungkapkan dalam Catatan 3.                                                                                                  •    PSAK 74 Kontrak Asuransi; dan,                     ▪ •    SFAS 74 Insurance Contracts; and,
                                                                                                                                    •    PSAK 107 (Amandemen 2021) Akuntansi Ijarah.        ▪ •    SFAS 107 (Amendment 2021) Ijarah Accounting.
   b. Standar Baru, Amandemen dan Interpretasi                 b. New Standards, Amendments and Interpretations
      Standar Akuntansi Keuangan efektif 1 Januari                of Financial Accounting Standards effective from                  Grup sedang mempelajari dampak yang mungkin               The Group is still evaluating the possible impact of
      2021                                                        January 1, 2021                                                   timbul atas penerbitan standar akuntansi keuangan         the issuance of these financial accounting standards
      Sejumlah standar, interpretasi dan amandemen                A number of new standards, interpretations and                    tersebut terhadap laporan keuangan konsolidasian          on the Group’s consolidated financial statements.
      baru yang berlaku efektif untuk pertama kali untuk          amendments effective for the first time for periods               Grup.
      periode yang dimulai pada atau setelah tanggal 1            beginning on or after January 1, 2021, have been
                                                                                                                                d. Prinsip-prinsip konsolidasian                           d. Principles of consolidation
      Januari 2020, telah diadopsi dalam laporan                  adopted in these financial statements.
      keuangan ini.
                                                                                                                                   Laporan keuangan konsolidasian meliputi laporan            The consolidated financial statements include the
       -   PSAK 22 (Amandemen 2019) Kombinasi Bisnis;             -    SFAS    22    (Amendment      2019)   Business              keuangan Perusahaan dan entitas anaknya seperti            accounts of the Company and its subsidiaries
                                                                       Combinations;                                               yang disebutkan pada Catatan 1d dimana                     mentioned in Note 1d, in which the Company
       -   PSAK 55 (Amandemen 2020) Instrumen                     -    SFAS    55    (Amendment     2020)   Financial              Perusahaan, baik secara langsung atau tidak                controls the subsidiaries, either directly or
           Keuangan: Pengakuan dan Pengukuran;                         Instruments: Recognition and Measurement;                   langsung mengendalikan entitas anaknya. Laporan            indirectly. The financial statements (consolidated)
       -   PSAK 71 (Amandemen 2020) Instrumen Keuangan;         • -    SFAS    71     (Amendment     2020)    Financial            keuangan (konsolidasian) entitas-entitas anak              of the subsidiaries are prepared for the same
                                                                       Instruments;                                                disusun untuk tahun pelaporan yang sama dengan             reporting year as that of the Company, using
       -   PSAK 73 (Amandement 2020) Sewa; dan,                 • -    SFAS 73 (Amendment 2020) Leases; and,                       Perusahaan, menggunakan kebijakan akuntansi yang           consistent accounting policies.
       -   PSAK 112 Akuntansi Wakaf.                            • -    SFAS 112 Accounting for Endowments.                         konsisten.
       -   PSAK 71 (Amandemen 2020) Instrumen Keuangan;         • -    SFAS    71     (Amendment     2020)    Financial
                                                                       Instruments;
Page 99
                                                                  These consolidated financial statements are originally                                                                             These consolidated financial statements are originally
                                                                            issued in Indonesian language                                                                                                      issued in Indonesian language

                                            Ekshibit E/31                                                      Exhibit E/31                                                    Ekshibit E/32                                                      Exhibit E/32

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                   PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                      PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                       PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                 NOTES TO THE CONSOLIDATED FINANCIAL                                       CATATAN ATAS LAPORAN                                     NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                             STATEMENTS                                                  KEUANGAN KONSOLIDASIAN                                                 STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                             AS OF DECEMBER 31, 2021 AND                               TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                 AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                 FOR THE YEAR THEN ENDED                                    YANG BERAKHIR PADA TANGGAL TERSEBUT                                     FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)              (Expressed in Rupiah, unless otherwise stated)                  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                  (Expressed in Rupiah, unless otherwise stated)

2. IKHTISAR     KEBIJAKAN      AKUNTANSI         SIGNIFIKAN   2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES                   2. IKHTISAR     KEBIJAKAN        AKUNTANSI         SIGNIFIKAN      2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
   (Lanjutan)                                                    (Continued)                                                     (Lanjutan)                                                         (Continued)
                                                                                                                                 d. Prinsip-prinsip konsolidasian (Lanjutan)                       d. Principles of consolidation (Continued)
   d. Prinsip-prinsip konsolidasian (Lanjutan)                  d. Principles of consolidation (Continued)
                                                                                                                                    Perusahaan dan entitas anaknya menilai kembali                    The Company and its subsidiaries re-assess whether or
      Semua akun dan transaksi antar perusahaan yang               All    material      intercompany     accounts    and            apakah investor mengendalikan investee jika fakta dan             not it controls an investee if facts and circumstances
      material, termasuk keuntungan atau kerugian yang             transactions, including unrealized gains or losses, if           keadaan mengindikasikan adanya perubahan terhadap                 indicate that there are changes to one or more of the
      belum direalisasi, jika ada, dieliminasi untuk               any, are eliminated to reflect the financial position            satu atau lebih dari tiga elemen pengedalian.                     three elements of control. Consolidation of a
      mencerminkan posisi keuangan dan hasil operasi               and the results of operations of the Company and                 Konsolidasi atas anak perusahaan dimulai ketika                   subsidiary begins when the Company and its
      Perusahaan dan entitas anaknya sebagai satu                  its subsidiaries as one business entity.                         Perusahaan dan entitas anaknya memiliki pengendalian              subsidiaries obtains control over the subsidiary and
      kesatuan usaha.                                                                                                               atas anak perusahaan dan berhenti ketika Perusahaan               ceases when the Company and its subsidiaries loses
                                                                                                                                    dan entitas anaknya kehilangan pengendalian atas anak             control of the subsidiary. Assets, liabilites, income and
      Entitas-entitas anak dikonsolidasi secara penuh              Subsidiaries are fully consolidated from thedates of             perusahaan. Aset, liabilitas, penghasilan dan beban atas          expenses of a subsidiary acquired or disposed of during
      sejak tanggal akuisisi, yaitu tanggal perusahaan             acquisition, being the date on whichthe company                  anak perusahaan yang diakuisisi atau dilepas selama               the year are included in the consolidated statement of
      memperoleh pengendalian, sampai dengan tanggal               obtains control, and continue tobe consolidated                  tahun tertentu termasuk dalam laporan laba rugi dan               profit or loss and other comprehensive income from
                                                                                                                                    penghasilan komprehensif lain konsolidasian dari                  the date the Company and its subsidiaries gains control
      entitas      induk     kehilangan     pengendalian.          until the date such controlceases. Control is
                                                                                                                                    tanggal Perusahaan dan entitas anaknya memperoleh                 until the date the Company and its subsidiaries ceases
      Pengendalian dianggap ada ketika perusahaan                  presumed to exist if thecompany owns, directly or
                                                                                                                                    pengendalian sampai dengan tanggal Perusahaan dan                 to control the subsidiary.
      memiliki secara langsung atau tidak langsung                 indirectly throughsubsidiaries, more than half of
                                                                                                                                    entitas anaknya menghentikan pengendalian atas anak
      melalui entitas anak, lebih dari setengah kekuasaan          the voting power of an entity.                                   perusahaan.
      suara suatu entitas.
                                                                                                                                    Laba atau rugi dan setiap komponen atas penghasilan               Profit or loss and each component of other
      Pengendalian didapat ketika Perusahaan terekspos             Control is achieved when the Company and its                     komprehensif lain diatribusikan pada pemegang saham               comprehensive income (OCI) are attributed to the
      atau memiliki hal atas imbal hasil variabel dari             subsidiaries exposed, or has rights, to variable                 entitas induk Perusahaan dan entitas anaknya pada                 equity holders of the parent of the Company and its
      keterlibatannya dengan investee dan memiliki                 returns from its involvement with the investee and               kepentingan non pengendali (“KNP”), walaupun hasil di             subsidiaries and to the non-controlling interest
      kemampuan untuk mempengaruhi imbal hasil                     has the ability to affect those returns through its              KNP mempunyai saldo defisit. Bila diperlukan,                     (“NCI”), even if this results in the NCI having a deficit
      tersebut melalui kekuasaannya atas investee.                 power over the investee.                                         penyesuaian dilakukan pada laporan keuangan anak                  balance. When necessary, adjustments are made to the
                                                                                                                                    perusahaan agar kebijakan akuntansinya sesuai dengan              financial statements of subsidiaries to bring their
      Secara spesifik, Perusahaan dan entitas anaknya              Specifically, the Company and its subsidiaries                   kebijakan akuntansi Perusahaan. Semua aset dan                    accounting policies. All intra-group assets and
      mengendalikan investee jika dan hanya jika                   controls an investee if and only if the Company and              liabilitas, ekuitas, penghasilan, beban dan arus kas              liabilities, equity, income, expenses and cash flows
      Perusahaan dan entitas anaknya memiliki memiliki             its subsidiaries has:                                            berkaitan dengan transaksi antar anggota Perusahaan               relating to transactions between members of the
      seluruh hal berikut ini:                                                                                                      dan entitas anaknya akan dieliminasi secara penuh                 Company and its subsidiaries are eliminated in full on
                                                                                                                                    dalam proses konsolidasi.                                         consolidation.
      -   Kekuasaan atas investee (misal, hak yang ada             -   Power over the investee (i.e., existing rights
          memberi kemampuan kini untuk mengarahkan                     that give it the current liability to direct the             Perubahan kepemilikan di entitas anak, tanpa                      A change in the ownership interest of a subsidiary,
                                                                                                                                    kehilangan pengendalian, dihitung sebagai transaksi               without a loss of control, is accounted for as an equity
          aktivitas relevan investee);                                 relevant activities of the investee);
                                                                                                                                    ekuitas. Jika Perusahaan dan entitas anaknya                      transaction. If the Company and its subsidiary loses
      -   Eksposur atau hak atas imbal hasil variabel dari         -   Exposure, or rights, to variable returns from its
                                                                                                                                    kehilangan pengendalian atas entitas anak, maka                   control over a subsidiary, it:
          keterlibatannya dengan investee, dan;                        involvement with the investee, and;
                                                                                                                                    Perusahaan:
      -   Kemampuan untuk menggunakan kekuasaannya                 -   The ability to use its power over the investee to
          atas investee untuk mempengaruhi jumlah imbal                affect its returns.                                          -   menghentikan pengakuan aset (termasuk setiap                  -   derecognizes the assets (including goodwill) and
          hasil investor.                                                                                                               goodwill) dan liabilitas entitas anak;                            liabilities of the subsidiary;
                                                                                                                                    -   menghentikan pengakuan jumlah tercatat setiap                 -   derecognizes the carrying amount of any NCI;
      Ketika Perusahaan dan entitas anaknya memiliki               When the Company and its subsidiaries has less than                  KNP;
      kurang dari hak suara mayoritas, Persahaan dan               a majority of the voting or similar rights of an                 -   menghentikan      pengakuan       akumulasi    selisih        -   derecognizes     the     cumulative      translation
      entitas anaknya dapat mempertimbangkan semua                 investee, the Company and its subsidiaries considers                 penjabaran, yang dicatat di ekuitas, bila ada;                    differences, recorded in equity, if any;
      fakta dan keadaan yang relevan dalam menilai                 all relevant facts and circumstances in assessing                -   mengakui nilai wajar pembayaran yang diterima;                -   recognizes the fair value of the consideration
      apakah memiliki kekuasaan atas investee, termasuk:           whether it has power over an investee, including:                                                                                      received;
                                                                                                                                    -   mengakui setiap sisa investasi pada nilai wajarnya;           -   recognizes the fair value of any investment
      -   Pengaturan kontraktual dengan pemilik hak                -   The contractual arrangement with the other                                                                                         retained;
          suara yang lain;                                             vote holders of the investee;                                -   mengakui setiap perbedaan yang dihasilkan sebagai             -   recognizes any surplus or deficit in profit or loss;
      -   Hak yang timbul dari pengaturan kontraktual              -   Rights   arising    from    other contractual                    keuntungan atau kerugian sebagai laba rugi; dan                   and
          lain;                                                        arrangements;                                                -   mereklasifikasikan ke laba rugi proporsi keuntungan           -   reclassifies the parent’s share of components
      -   Hak suara dan hak suara potensial Perusahaan             -   The Company and its subsidiaries rights and                      dan kerugian yang telah diakui sebelumnya dalam                   previously recognized in OCI to profit or loss or
          dan entitas anaknya.                                         potential voting rights.                                         penghasilan komprehensif lain atau saldo laba,                    retained earnings, as appropriate, as would be
                                                                                                                                        begitu pula menjadi persyaratan jika Perusahaan                   required if the Company and its subsidiaries had
                                                                                                                                        dan entitas anaknya akan melepas secara langsung                  directly disposed of the related assets or
                                                                                                                                        aset atau liabilitas yang terkait.                                liabilities.
Page 100
                                                                  These consolidated financial statements are originally                                                                         These consolidated financial statements are originally
                                                                            issued in Indonesian language                                                                                                  issued in Indonesian language

                                            Ekshibit E/33                                                      Exhibit E/33                                                Ekshibit E/34                                                      Exhibit E/34

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                  PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                      PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                   PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                                NOTES TO THE CONSOLIDATED FINANCIAL                                       CATATAN ATAS LAPORAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                            STATEMENTS                                                  KEUANGAN KONSOLIDASIAN                                             STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                            AS OF DECEMBER 31, 2021 AND                               TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                             AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                                FOR THE YEAR THEN ENDED                                    YANG BERAKHIR PADA TANGGAL TERSEBUT                                 FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)             (Expressed in Rupiah, unless otherwise stated)                  (Disajikan dalam Rupiah, kecuali dinyatakan lain)              (Expressed in Rupiah, unless otherwise stated)

2. IKHTISAR     KEBIJAKAN      AKUNTANSI         SIGNIFIKAN   2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES                   2. IKHTISAR     KEBIJAKAN      AKUNTANSI        SIGNIFIKAN     2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
   (Lanjutan)                                                    (Continued)                                                     (Lanjutan)                                                     (Continued)
                                                                                                                                 e. Kombinasi bisnis (Lanjutan)                                e. Business combinations (Continued)
   d. Prinsip-prinsip konsolidasian (Lanjutan)                  d. Principles of consolidation (Continued)
                                                                                                                                    Imbalan kontijensi yang dialihkan oleh pihak                  Any contingent consideration to be transferred by
      KNP mencerminkan bagian atas laba atau rugi dan              NCI represents the portion of the profit or loss and             pengakuisisi diakui pada nilai wajar tanggal akuisisi.        the acquirer will be recognized at fair value at the
      aset neto dari entitas-entitas anak yang tidak dapat         net assets of the subsidiaries not attributable                  Perubahan nilai wajar imbalan kontijensi setelah              acquisition date. Subsequent changes to the fair
      diatribusikan secara langsung maupun tidak langsung          directly or indirectly to the parent company, which              tanggal akuisisi yang diklasifikasikan sebagai aset           value of the contingent consideration which is
      pada entitas induk yang masing-masing disajikan              are presented respectively in the consolidated                   atau liabilitas, akan diakui sebagai laba rugi atau           deemed to be an asset or liability, will be
      dalam laporan laba rugi dan penghasilan                      statement of profit or loss and other comprehensive              pendapatan komprehensif lain, sesuai dengan                   recognized either in profit or loss or as other
      komprehensif lain konsolidasian dan dalam ekuitas            income and under the equity section of the                       PSAK 71. Jika diklasifikasikan sebagai ekuitas,               comprehensive income in accordance with
      pada laporan posisi keuangan konsolidasian, terpisah         consolidated statement of financial position,                    imbalan kontijensi tidak diukur kembali dan                   SFAS No. 71. If the contingent consideration is
      dari bagian yang dapat diatribusikan kepada pemilik          respectively, separately from the corresponding                  penyelesaian selanjutnya diperhitungkan dalam                 classified as equity, it should not be remeasured
      entitas induk.                                               portion attributable to the equity holders of the                ekuitas.                                                      until it is finally settled within equity.
                                                                   parent company.
                                                                                                                                    Pada tanggal akuisisi, goodwill awalnya diukur                At acquisition date, goodwill is initially measured
   e. Kombinasi bisnis                                          e. Business combinations                                            berdasarkan harga perolehan yang merupakan selisih            at cost being the excess of the aggregate of the
                                                                                                                                    lebih nilai agregat imbalan yang dialihkan dan                consideration transferred and the amount
      Kombinasi bisnis dicatat dengan menggunakan                  Business combinations are accounted for using the                jumlah setiap KNP atas jumlah aset teridentifikasi            recognized for NCI over the net identifiable assets
      metode akuisisi. Biaya perolehan dari sebuah akuisisi        acquisition method. The cost of an acquisition is                yang diperoleh dan liabilitas yang diambil alih. Jika         acquired and liabilities assumed. If this
      diukur berdasarkan nilai agregat imbalan yang                measured as the aggregate of the consideration                   imbalan tersebut kurang dari nilai wajar aset neto            consideration is lower than the fair value of the net
      dialihkan, diukur pada nilai wajar pada tanggal              transferred, measured at acquisition date fair value             entitas anak yang diakuisisi, selisih tersebut diakui         assets of the subsidiary acquired, the difference is
      akuisisi dan jumlah setiap KNP pada pihak yang               and the amount of any NCI in the acquiree. For each              sebagai laba atau rugi.                                       recognized in profit or loss.
      diakuisisi. Untuk setiap kombinasi bisnis, pihak             business combination, the acquirer measures the                  Setelah pengakuan awal, goodwill diukur pada                  After initial recognition, goodwill is measured at
      pengakuisisi mengukur KNP pada entitas yang                  NCI in the acquiree either at fair value or at the               jumlah tercatat dikurangi akumulasi kerugian                  cost less any accumulated impairment losses. For
      diakuisisi baik pada nilai wajar ataupun pada                proportionate share of the acquiree’s identifiable               penurunan nilai. Untuk tujuan uji penurunan nilai,            the purpose of impairment testing, goodwill
      proporsi kepemilikan KNP atas aset neto yang                 net assets. Acquisition costs incurred are directly              goodwill yang diperoleh dari suatu kombinasi bisnis,          acquired in a business combination is, from the
      teridentifikasi dari entitas yang diakuisisi. Biaya-         expensed     and    included   in    General     and             sejak tanggal akuisisi dialokasikan kepada setiap             acquisition date, allocated to each of the Company
      biaya akuisisi yang timbul dibebankan langsung dan           Administrative Expenses.                                         Unit Penghasil Kas (UPK) dari Perusahaan dan entitas          and its subsidiaries’s cash-generating units (CGU)
      dimasukkan      ke   dalam    Beban    Umum      dan                                                                          anaknya yang diharapkan akan bermanfaat dari                  that are expected to benefit from the combination,
      Administrasi.                                                                                                                 sinergi kombinasi tersebut, terlepas dari apakah              irrespective of whether other assets or liabilities of
                                                                                                                                    aset atau liabilitas lain dari pihak yang diakuisisi          the acquiree are assigned to those CGUs.
      Ketika melakukan akuisisi atas sebuah bisnis,                When the Company and its subsidiaries acquires a                 ditetapkan kepada UPK tersebut.
      Perusahaan dan entitas anaknya menentukan dan                business, it assesses and classifies the financial
      mengklasifikasikan aset keuangan yang diperoleh              assets acquired and liabilities assumed for                      Jika goodwill telah dialokasikan pada suatu UPK dan           Where goodwill forms part of a CGU and part of the
      dan liabilitas keuangan yang diambil alih                    appropriate classification and designation in                    operasi tertentu atas UPK tersebut dilepas, maka              operation within that CGU is disposed of, the
      berdasarkan pada persyaratan kontraktual, kondisi            accordance with the contractual terms, economic                  goodwill yang diasosiasikan dengan operasi yang               goodwill associated with the operation disposed of
      ekonomi dan kondisi terkait lain yang ada pada               circumstances and pertinent conditions as at the                 dilepas tersebut dimasukkan ke dalam jumlah                   is included in the carrying amount of the operation
      tanggal akuisisi. Hal ini termasuk pengelompokan             acquisition date. This includes the separation of                tercatat operasi tersebut ketika menentukan                   when determining the gain or loss on disposal of the
      derivatif melekat dalam kontrak utama oleh pihak             embedded derivatives in host contracts by the                    keuntungan atau kerugian dari penjualan operasi.              operation. Goodwill disposed of in this circumstance
      yang diakuisisi.                                             acquiree.                                                        Goodwill yang dilepas tersebut diukur berdasarkan             is measured based on the relative values of the
                                                                                                                                    nilai relatif operasi yang dihentikan dan porsi UPK           operation disposed of and the portion of the CGU
      Dalam suatu kombinasi bisnis yang dilakukan secara           If the business combination is achieved in stages,               yang ditahan.                                                 retained.
      bertahap, pihak pengakuisisi mengukur kembali                the acquisition date fair value of the acquirer’s
                                                                                                                                    Kombinasi bisnis antara entitas sepengendali                  Business combinations          among     entities       under
      kepentingan ekuitas yang dimiliki sebelumnya pada            previously held equity interest in the acquiree is
                                                                                                                                                                                                  common control
      pihak yang diakuisisi berdasarkan nilai wajar tanggal        remeasured to fair value at the acquisition date
      akuisisi dan mengakui keuntungan atau kerugian               through profit or loss.                                          Kombinasi bisnis entitas sepengendali dicatat                 Business combinations under common control are
      yang dihasilkan di dalam laba rugi.                                                                                           dengan      menggunakan      metode     penyatuan             accounted for using the pooling-of-interests
                                                                                                                                    kepentingan, dimana selisih antara jumlah imbalan             method, whereby the difference between the
                                                                                                                                    yang dialihkan dengan jumlah tercatat aset neto               considerations transferred and the book value of
                                                                                                                                    entitas yang diakuisisi diakui sebagai bagian dari            the net assets of the acquiree is recognized as part
                                                                                                                                    akun “Tambahan Modal Disetor” pada laporan posisi             of “Additional Paid-in Capital” in the consolidated
                                                                                                                                    keuangan konsolidasian. Dalam menerapkan metode               statement of financial position. In applying the said
                                                                                                                                    penyatuan kepemilikan tersebut, unsur-unsur                   pooling-of-interests method, the components of the
                                                                                                                                    laporan keuangan dari entitas yang bergabung                  financial statements of the combining entities are
                                                                                                                                    disajikan seolah-olah penggabungan tersebut telah             presented as if the combination has occurred since
                                                                                                                                    terjadi sejak awal tahun entitas yang bergabung               the beginning of the year the combining entity
                                                                                                                                    berada dalam sepengendalian.                                  became under common control.
Page 101
                                                                 These consolidated financial statements are originally                                                                      These consolidated financial statements are originally
                                                                           issued in Indonesian language                                                                                               issued in Indonesian language

                                            Ekshibit E/35                                                     Exhibit E/35                                              Ekshibit E/36                                                     Exhibit E/36

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                 PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                      PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                               NOTES TO THE CONSOLIDATED FINANCIAL                                       CATATAN ATAS LAPORAN                              NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                           STATEMENTS                                                  KEUANGAN KONSOLIDASIAN                                          STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                           AS OF DECEMBER 31, 2021 AND                               TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                          AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                               FOR THE YEAR THEN ENDED                                    YANG BERAKHIR PADA TANGGAL TERSEBUT                              FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)            (Expressed in Rupiah, unless otherwise stated)                  (Disajikan dalam Rupiah, kecuali dinyatakan lain)           (Expressed in Rupiah, unless otherwise stated)

2. IKHTISAR     KEBIJAKAN      AKUNTANSI      SIGNIFIKAN     2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES                   2. IKHTISAR     KEBIJAKAN      AKUNTANSI      SIGNIFIKAN    2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
   (Lanjutan)                                                   (Continued)                                                     (Lanjutan)                                                  (Continued)

   f. Informasi segmen                                         f. Segment Information                                           g. Instrumen keuangan                                      g. Financial instruments

      Segmen adalah komponen yang dapat dibedakan dari            A segment is a distinguishable component of the                   i. Aset keuangan (Lanjutan)                               i.   Financial assets (Continued)
      Perusahaan dan entitas anaknya yang terlibat baik           Company and its subsidiaries that is engaged either
      dalam menyediakan produk dan jasa (segmen                   in providing certain products and services (business                  Sesuai dengan PSAK 71, Grup mengklasifikasikan             In accordance with SFAS 71, the Group classifies
      usaha), atau dalam menyediakan produk dan jasa              segment), or in providing products and services                       aset keuangannya dalam kategori:                           its financial assets into three categories:
      dalam lingkungan ekonomi tertentu (segmen                   within a particular        economic environment
      geografis), yang memiliki risiko dan imbalan yang           (geographical segment), which is subject to risks                     1. Aset keuangan yang diukur dengan biaya                  1. Financial assets at amortized cost;
      berbeda dari segmen lainnya.                                and rewards that are different from those of other                       diamortisasi
                                                                  segments.                                                             2. Aset keuangan yang diukur pada nilai wajar              2. Financial assets at fair value through other
                                                                                                                                           melalui penghasilan komprehensif lain                      comprehensive income (FVOCI); and,
      Pendapatan, beban, hasil, aset dan liabilitas segmen        Segment revenue, expenses, results, assets and                           (FVOCI); dan,
      termasuk item-item yang dapat diatribusikan secara          liabilities include items directly attributable to a                  3. Aset keuangan yang diukur pada nilai wajar              2. Financial assets at fair value through profit
      langsung kepada suatu segmen serta hal-hal yang             segment as well as those that can be allocated on a                      melalui laba rugi (FVPL).                                  or loss (FVPL).
      dapat dialokasikan dengan dasar yang memadai                reasonable basis to that segment. They are
      untuk segmen tersebut. Segmen ditentukan sebelum            determined before intra-group balances and intra-                Aset keuangan diklasifikasikan menjadi kategori            Financial assets are classified into these categories
      saldo dan transaksi antar Perusahaan dan entitas            group transactions are eliminated.                               tersebut di atas berdasarkan model bisnis dimana           based on the business model within which they are
      anaknya dieliminasi sebagai bagian dari proses                                                                               aset keuangan tersebut dimiliki dan karakteristik          held and their contractual cash flow characteristics.
      konsolidasi.                                                                                                                 arus kas kontraktualnya. Model bisnis merefleksikan        The business model reflects how groups of financial
                                                                                                                                   bagaimana kelompok aset keuangan dikelola untuk            assets are managed to achieve a particular business
      Segmen operasi adalah komponen dari Perusahaan              An operating segment is a component of the                       mencapai tujuan bisnis tertentu.                           objective.
      yang terlibat dalam aktivitas bisnis yang                   Company that engages in business activities from
      menghasilkan pendapatan dan menimbulkan beban,              which it may earn revenues and incur expenses,                   a.    Aset keuangan yang diukur dengan biaya               a. Financial assets at amortized cost;
      termasuk pendapatan dan beban yang terkait                  including revenues and expenses that relate to                         diamortisasi;
      dengan transaksi dengan komponen lain Perusahaan,           transactions with any of the Company’s other
      dimana hasil operasinya dikaji ulang secara berkala         components, whose operating results are reviewed                       Aset keuangan dapat diukur pada biaya                     A financial asset is measured at amortised cost
      oleh pengambil keputusan utama dalam operasional            regularly by the Company’s chief operating decision                    perolehan diamortisasi hanya jika memenuhi                only if it meets both of the following conditions
      Perusahaan untuk membuat keputusan mengenai                 maker to make decision about resources allocated                       kedua kondisi berikut dan tidak ditetapkan                and is naot designated as FVPL:
      sumber daya yang akan dialokasikan pada segmen              to the segment and assess its performance, and for                     sebagai FVPL:
      tersebut dan menilai kinerjanya, serta tersedia             which discrete financial information is available.                     -   Aset keuangan dikelola dalam model bisnis             -   The financial asset is held within a business
      informasi keuangan yang dapat dipisahkan. Hasil             Segment results that are reported to the Company’s                         yang bertujuan untuk memiliki aset                        model whose objective is to hold the asset
      segmen yang dilaporkan kepada pengambil                     chief operating decision maker include items                               keuangan untuk tujuan mendapatkan arus                    to collect contractual cash flow (hold-to-
      keputusan    operasional    Perusahaan     meliputi         directly attributable to a segment, as well as those                       kas kontraktual (hold-to-collect); dan,                   collect); and,
      komponen-komponen yang dapat diatribusikan                  that can be allocated on a reasonable basis.
      secara langsung kepada suatu segmen, dan                                                                                           -    Kriteria kontraktual dari aset keuangan              -   Its contractual terms give rise on specified
      komponen-komponen yang dapat dialokasikan                                                                                               yang pada tanggal tertentu menghasilkan                  dates to cash flows that are solely
      dengan dasar yang wajar.                                                                                                                arus kas yang merupakan pembayaran                       payments of principal and interest (SPPI) on
                                                                                                                                              pokok dan bunga semata (SPPI) dari                       the principal amount outstanding.
   g. Instrumen keuangan                                       g. Financial instruments                                                       jumlah pokok terutang.

      Instrumen keuangan adalah setiap kontrak yang               A financial instrument is any contract that gives rise
      memberikan kenaikan nilai aset keuangan dari satu           to a financial asset of one entity and a financial
      entitas dan liabilitas keuangan atau instrumen              liability or equity instrument of another entity.
      ekuitas dari entitas lainnya.

      i.   Aset keuangan                                          i. Financial assets

           Pengakuan awal                                             Initial recognition

           Klasifikasi dan pengukuran aset keuangan harus             Classification and measurement of financial
           didasarkan pada bisnis model dan arus kas                  assets are based on business model and
           kontraktual - apakah semata dari pembayaran                contractual cash flows - whether from solely
           pokok dan bunga.                                           payment of principal and interest.
Page 102
                                                                    These consolidated financial statements are originally                                                                        These consolidated financial statements are originally
                                                                              issued in Indonesian language                                                                                                 issued in Indonesian language

                                               Ekshibit E/37                                                     Exhibit E/37                                               Ekshibit E/38                                                      Exhibit E/38

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                    PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                      PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                  PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                                  NOTES TO THE CONSOLIDATED FINANCIAL                                       CATATAN ATAS LAPORAN                                NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                              STATEMENTS                                                  KEUANGAN KONSOLIDASIAN                                            STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                              AS OF DECEMBER 31, 2021 AND                               TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                            AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                                  FOR THE YEAR THEN ENDED                                    YANG BERAKHIR PADA TANGGAL TERSEBUT                                FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)               (Expressed in Rupiah, unless otherwise stated)                  (Disajikan dalam Rupiah, kecuali dinyatakan lain)             (Expressed in Rupiah, unless otherwise stated)

2. IKHTISAR         KEBIJAKAN     AKUNTANSI      SIGNIFIKAN     2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES                   2. IKHTISAR      KEBIJAKAN      AKUNTANSI      SIGNIFIKAN     2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
   (Lanjutan)                                                      (Continued)                                                     (Lanjutan)                                                    (Continued)

   g. Instrumen keuangan (Lanjutan)                               g. Financial instruments (Continued)                             g. Instrumen keuangan (Lanjutan)                             g. Financial instruments (Continued)

      i. Aset keuangan (Lanjutan)                                    i. Financial assets (Continued)                                   i. Aset keuangan (Lanjutan)                                 i. Financial assets (Continued)

         b. Aset keuangan yang diukur pada nilai wajar                  b. Financial assets at fair value through other                   Penilaian apakah arus kas kontraktual hanya                Assessment of whether contractual cash flows are
            melalui   penghasilan  komprehensif   lain                     comprehensive income (FVOCI).                                  merupakan pembayaran pokok dan bunga semata                solely payments of principal and interest (SPPI)
            (FVOCI).                                                                                                                      (SPPI)

                Suatu aset keuangan diukur pada FVOCI,                      A financial asset is measured at FVOCI, only if               Untuk tujuan penilaian ini, 'pokok' didefinisikan          For the purposes of this assessment, ‘principal’ is
                hanya jika memenuhi kedua kondisi berikut                   it meets both of the following conditions and                 sebagai nilai wajar dari aset keuangan pada                defined as the fair value of the financial asset on
                dan tidak ditetapkan sebagai FVPL:                          is not designated as FVPL:                                    pengakuan awal. 'Bunga' didefinisikan sebagai              initial recognition. ‘Interest’ is defined as
                                                                                                                                          imbalan untuk nilai waktu atas uang dan untuk              consideration for the time value of money and for
                -    Aset keuangan dikelola dalam model                     - Financial assets are managed in a business                  risiko kredit yang terkait dengan jumlah pokok             the credit risk associated with the principal
                     bisnis yang tujuan tercapai dengan                       model whose objectives are achieved by                      yang terutang selama periode waktu tertentu                amount outstanding during a particular period of
                     mendapatkan arus kas kontraktual dan                     obtaining contractual cash flows and selling                dan untuk risiko dan biaya pinjaman dasar                  time and for other basic lending risks and costs
                     menjual aset keuangan; dan,                              financial assets; and,                                      lainnya (misalnya risiko likuiditas dan biaya              (e.g. liquidity risk and administrative costs), as
                                                                                                                                          administrasi), serta marjin keuntungan.                    well as profit margin.
                -    Kriteria kontraktual dari aset keuangan                - Its contractual terms give rise on specified
                     yang      pada      tanggal     tertentu                 dates to cash flows that are solely                         Dalam menilai apakah arus kas kontraktual                  In assessing whether the contractual cash flows
                     menghasilkan arus kas yang merupakan                     payments of principal and interest on the                   adalah SPPI, Grup mempertimbangkan ketentuan               are SPPI, the Group considers the contractual
                     pembayaran pokok dan bunga semata                        principal amount outstanding.                               kontraktual instrumen tersebut. Hal ini termasuk           terms of the instrument. This includes assessing
                     dari jumlah pokok terutang.                                                                                          menilai apakah aset keuangan mengandung                    whether the financial asset contains a contractual
                                                                                                                                          ketentuan kontraktual yang dapat mengubah                  term that could change the timing or amount of
                Seluruh     aset   keuangan     yang   tidak                All financial assets not classified as financial              waktu atau jumlah arus kas kontraktual sehingga            contractual cash flows such that it would not
                diklasifikasikan sebagai aset keuangan yang                 assets measured at amortised cost or                          tidak memenuhi kondisi.                                    meet this condition.
                diukur dengan biaya perolehan diamortisasi                  financial assets measured         at FVOCI as
                atau aset keuangan yang diukur pada FVOCI                   described above are measured at FVPL.                         Dalam    melakukan         pernialain,      Grup           In making the assessment, the Group considers:
                sebagaimana ketentuan di atas diukur                                                                                      mempertimbangkan:
                dengan FVPL.
                                                                                                                                          •     Kejadian kontinjensi yang akan mengubah              •   Contingent events that would change the
        c.      Aset keuangan yang diukur pada nilai wajar              c. Financial assets measured at fair value
                                                                                                                                                jumlah dan waktu arus kas;                               amount and timing of cash flows;
                melalui laba rugi (FVPL)                                   through profit or loss (FVPL)
                                                                                                                                          •     Fitur leverage;                                      •   Leverage features;
                                                                                                                                          •     Persyaratan pelunasan dipercepat dan                 •   Prepayment and extension terms;
                Aset keuangan yang dimiliki atau dikelola                   Financial assets that are held or managed for
                                                                                                                                                perpanjangan fasilitas;
                untuk diperdagangkan dan yang kinerjanya                    trading and whose performance is evaluated
                                                                                                                                          •     Ketentuan yang membatasi klaim Grup atas             •   Terms that limit the Group’s claims to cash
                di-evaluasi berdasarkan nilai wajar diukur                  on a fair value basis are measured at FVPL, as
                                                                                                                                                arus kas dari aset tertentu (seperti                     flows from specified assets (e.g. non-recourse
                pada FVPL, karena aset keuangan tersebut                    they are neither held to collect contractual
                                                                                                                                                pinjaman non-recourse); dan,                             loans); and,
                tidak dimiliki untuk menerima arus kas                      cash flows nor held both to collect
                kontraktual atau tidak dimiliki untuk                       contractual cash flows and to sell financial                  •     Fitur yang memodifikasi imbalan dari nilai           •   Features that modify consideration of the
                menerima arus kas kontraktual dan untuk                     assets.                                                             waktu atas uang (seperti penetapan ulang                 time value of money (e.g. periodical reset of
                menjual aset keuangan.                                                                                                          suku bunga berkala).                                     interest rates).

                                                                                                                                          Penilaian model bisnis                                     Business model assessment

                                                                                                                                          Penilaian model bisnis Grup melakukan penilaian            In regard to the business model assessment, the
                                                                                                                                          terhadap tujuan model bisnis dari kepemilikan              Group makes an assessment of the objective of a
                                                                                                                                          suatu aset pada tingkatan portofolio, karena hal           business model in which an asset is held at a
                                                                                                                                          ini yang paling mencerminkan cara bisnis                   portfolio level because this best reflects the way
                                                                                                                                          dikelola dan informasi diberikan kepada                    the business is managed and information is
                                                                                                                                          manajemen.                                                 provided to management.
Page 103
                                                                         These consolidated financial statements are originally                                                                           These consolidated financial statements are originally
                                                                                   issued in Indonesian language                                                                                                    issued in Indonesian language

                                               Ekshibit E/39                                                          Exhibit E/39                                                 Ekshibit E/40                                                       Exhibit E/40

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                     PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                            PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                   PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                                   NOTES TO THE CONSOLIDATED FINANCIAL                                             CATATAN ATAS LAPORAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                               STATEMENTS                                                        KEUANGAN KONSOLIDASIAN                                             STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                               AS OF DECEMBER 31, 2021 AND                                     TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                             AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                                   FOR THE YEAR THEN ENDED                                          YANG BERAKHIR PADA TANGGAL TERSEBUT                                 FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)                (Expressed in Rupiah, unless otherwise stated)                        (Disajikan dalam Rupiah, kecuali dinyatakan lain)              (Expressed in Rupiah, unless otherwise stated)

2. IKHTISAR        KEBIJAKAN       AKUNTANSI      SIGNIFIKAN    2. SUMMARY OF             SIGNIFICANT     ACCOUNTING        POLICIES   2. IKHTISAR     KEBIJAKAN      AKUNTANSI       SIGNIFIKAN     2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
   (Lanjutan)                                                      (Continued)                                                            (Lanjutan)                                                    (Continued)
   g. Instrumen keuangan (Lanjutan)                                g. Financial instruments (Continued)
                                                                                                                                           g.   Instrumen keuangan (Lanjutan)                           g. Financial instruments (Continued)
       1. Aset keuangan (Lanjutan)                                       1.   Financial assets (Continued)
                                                                                                                                                1. Aset keuangan (Lanjutan)                                1.    Financial assets (Continued)
                                                                                                                                                                                                       xiv.
          Penilaian model bisnis                                              Business model assessment
                                                                                                                                                   Pengukuran setelah pengakuan awal                   xv.       Subsequent measurement
                                                                                                                                                                                                       xvi.
          Arus kas mungkin dihasilkan dengan menerima             iv.         This may be collecting contractual cash flows,
                                                                                                                                                   Pengukuran aset keuangan setelah pengakuan          xvii.     The subsequent measurement of financial assets
          arus kas kontraktual, menjual aset keuangan                         selling financial assets or both. Business models
                                                                                                                                                   awal tergantung pada klasifikasinya sebagai                   depends on their classification as follows:
          atau keduanya. Model bisnis ditentukan pada                         are determined at a level of aggregation where
                                                                                                                                                   berikut:
          tingkat agregasi di mana kelompok aset dikelola                     groups of assets are managed together to
                                                                                                                                                                                                       xviii.
          bersama untuk mencapai tujuan tertentu dan                          achieve a particular objective and do not depend
                                                                                                                                                   •   Aset keuangan yang diukur dengan biaya          xix.      •   Financial assets at amortized cost
          tidak bergantung pada niat manajemen pada                           on management's intentions for individual
                                                                                                                                                       diamortisasi
          instrumen individual.                                               instruments.
                                                                                                                                                                                                       xx.
                                                                  v.
                                                                                                                                                       Aset keuangan yang diukur dengan biaya          xxi.          Financial assets at amortized cost are
          Penentuan model bisnis dilakukan dengan                 vi.         Business model determinations are made
                                                                                                                                                       diamortiasi selanjutnya diukur dengan                         subsequently measured using the Effective
          mempertimbangkan semua bukti relevan yang                           considering all relevant evidences available at
                                                                                                                                                       menggunakan metode suku bunga efektif                         Interest   Rate     (“EIR”)   method,      less
          tersedia pada tanggal penilaian, termasuk tetapi                    the date of the assessment, which include, but
                                                                                                                                                       (Effective Interest Rate) (“EIR”), setelah                    impairment. Amortized cost is calculated by
          tidak terbatas pada:                                                not limited to:
                                                                                                                                                       dikurangi dengan penurunan nilai. Biaya                       taking into account any discount or premium
                                                                  vii.
                                                                                                                                                       perolehan yang diamortisasi dihitung                          on acquisition fees or costs that are an
          •     bagaimana kinerja bisnis dan aset keuangan        viii.       •   how the performance of the business and the
                                                                                                                                                       dengan memperhitungkan diskonto atau                          integral part of the EIR. The EIR
                yang ada di dalam unit bisnis itu dievaluasi                      financial assets held within that business unit
                                                                                                                                                       premi atas biaya akuisisi atau biaya yang                     amortization is included in the profit or loss.
                dan dilaporkan kepada manajemen. Tingkat                          are evaluated and reported to management.
                                                                                  The level of segregation identified for SFAS                         merupakan bagian integral dari EIR                            The losses arising from impairment are also
                pemisahan      yang    diidentifikasi   untuk
                                                                                  71 classification should be consistent with                          tersebut. Amortisasi EIR dicatat dalam                        recognized in the consolidated profit or loss.
                klasifikasi PSAK 71 harus konsisten dengan
                                                                                  how asset portfolios are segregated and                              laporan laba rugi. Kerugian yang timbul
                bagaimana portofolio aset dipisahkan dan
                                                                                  reported to senior management;                                       dari penurunan nilai juga diakui pada
                dilaporkan kepada manajemen;
                                                                                                                                                       laporan laba rugi konsolidasian.
          •     risiko yang mempengaruhi kinerja unit bisnis      ix.         •   the risks that affect the performance of the                                                                         xxii.
                dan aset keuangan yang dimiliki dalam unit                        business unit and the financial assets held
                                                                                                                                                   • Aset keuangan yang diukur pada nilai              xxiii.    •   Financial assets at fair value through profit
                bisnis itu dan khususnya bagaimana risiko itu                     within that business unit and in particular
                                                                                                                                                     wajar melalui laporan laba rugi                                 or loss
                dikelola; dan                                                     the way those risks are managed; and
                                                                                                                                                                                                       xxiv.
          •     bagaimana manajer unit bisnis dikompensasi        x.          •   how managers of the business unit are                            Aset keuangan yang diukur pada nilai wajar          xxv.          Financial assets at fair value through profit
                (misalnya, apakah kompensasi didasarkan                           compensated (for example, whether the                            melalui laporan laba rugi selanjutnya                             or loss are subsequently carried in the
                pada nilai wajar dari aset yang dikelola atau                     compensation is based on the fair value of                       disajikan dalam laporan posisi keuangan                           statement of financial position at fair value,
                pada arus kas kontraktual yang dikumpulkan).                      the assets managed or on the contractual
                                                                                                                                                   sebesar nilai wajar, dengan perubahan nilai                       with changes in fair value recognized in the
                                                                                  cash flows collected).
                                                                                                                                                   wajar yang diakui dalam laporan laba rugi                         consolidated profit or loss.
                                                                  xi.
                                                                                                                                                   konsolidasian.
          Penentuan model bisnis dilakukan berdasarkan            xii.        Business model determinations are made on the
          skenario yang diperkirakan akan terjadi oleh                        basis of scenarios that the Group reasonably
                                                                                                                                                2. Liabilitas keuangan                                        2. Financial liabilities
          Grup dan tidak dalam kondisi sangat tertekan                        expects to occur and not under highly stressed
          atau 'kondisi terburuk'. Jika aset dijual dalam                     or 'worst case' conditions. Where assets are                                                                             xxvi.
          kondisi yang tidak diharapkan oleh Grup untuk                       disposed of under conditions that the Group did                      Aset keuangan yang diukur pada nilai wajar          xxvii. Financial assets at fair value through profit or
          berlaku ketika aset diakui, klasifikasi aset                        not reasonably expect to prevail when the assets                     melalui laporan laba rugi selanjutnya disajikan             loss are subsequently carried in the statement of
          keuangan yang ada dalam portofolio tidak                            were recognised, the classification of existing                      dalam laporan posisi keuangan sebesar nilai                 financial position at fair value, with changes in
          disajikan secara tidak akurat, tetapi kondisi                       financial assets in the portfolio are not rendered                   wajar, dengan perubahan nilai wajar yang                    fair value recognized in the consolidated profit
          tersebut harus dipertimbangkan untuk aset yang                      inaccurate but the conditions in question should                     diakui dalam laporan laba rugi konsolidasian.               or loss.
          diperoleh di masa mendatang. Perubahan pada                         be considered for any assets acquired going                                                                              xxviii.
          model bisnis atau pengenalan model bisnis baru                      forward. Changes to business models or the                           Grup mengklasifikasikan liabilitas tergantung       xxix. The Group classifies its financial liabilities
          ditentukan melalui proses persetujuan unit bisnis                   introduction of new business models are                              pada tujuan liabilitas tersebut diakuisisi.                 depending on the purpose for which the liability
          baru. Grup dapat mereklasifikasi seluruh aset                       determined through the new business unit                                                                                         was acquired.
          keuangan yang terpengaruh jika dan hanya jika,                      approval process. The Group can reclassify all of                                                                        xxx.
          model bisnis untuk pengelolaan aset keuangan                        its financial assets, if and only if, its business                   Selain liabilitas keuangan dalam hubungan           xxxi. Other than financial liabilities in a qualifying
          berubah.                                                            model for managing those financial assets                            lindung nilai yang memenuhi syarat dan nilai                hedging relationship and fair value through
                                                                              changes.                                                             wajar melalui laba rugi, kebijakan akuntansi                profit or loss, the Group’s accounting policy for
                                                                  xiii.                                                                            Grup untuk kategori "liabilitas keuangan                    “Other financial liabilities” category is as
                                                                                                                                                   lainnya" adalah sebagai berikut:                            follows:
Page 104
                                                                       These consolidated financial statements are originally                                                                          These consolidated financial statements are originally
                                                                                 issued in Indonesian language                                                                                                   issued in Indonesian language

                                                Ekshibit E/41                                                       Exhibit E/41                                               Ekshibit E/42                                                        Exhibit E/42

     PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                     PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                        PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                  PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                  CATATAN ATAS LAPORAN                                   NOTES TO THE CONSOLIDATED FINANCIAL                                         CATATAN ATAS LAPORAN                                NOTES TO THE CONSOLIDATED FINANCIAL
                 KEUANGAN KONSOLIDASIAN                                               STATEMENTS                                                    KEUANGAN KONSOLIDASIAN                                            STATEMENTS
      TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                               AS OF DECEMBER 31, 2021 AND                                 TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                            AS OF DECEMBER 31, 2021 AND
         YANG BERAKHIR PADA TANGGAL TERSEBUT                                   FOR THE YEAR THEN ENDED                                      YANG BERAKHIR PADA TANGGAL TERSEBUT                                FOR THE YEAR THEN ENDED
     (Disajikan dalam Rupiah, kecuali dinyatakan lain)                (Expressed in Rupiah, unless otherwise stated)                    (Disajikan dalam Rupiah, kecuali dinyatakan lain)             (Expressed in Rupiah, unless otherwise stated)

2.    IKHTISAR     KEBIJAKAN      AKUNTANSI       SIGNIFIKAN    2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES                    2.    IKHTISAR     KEBIJAKAN    AKUNTANSI      SIGNIFIKAN    2.    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
      (Lanjutan)                                                     (Continued)                                                         (Lanjutan)                                                   (Continued)

     g.   Instrumen keuangan (Lanjutan)                              g. Financial instruments (Continued)                                g.   Instrumen keuangan (Lanjutan)                          g. Financial instruments (Continued)

          2.   Liabilitas keuangan (Lanjutan)                            2. Financial liabilities (Continued)                                 4. Instrumen keuangan saling hapus Off setting             4. Instrumen keuangan saling hapus Off setting
                                                                                                                                                 of financial instruments                                   of financial instruments
               Kategori ini berkaitan dengan liabilitas                       This category pertains to financial liabilities
                                                                                                                                                Pada setiap periode pelaporan, Grup menilai                   At each reporting date, the Group assess
               keuangan      yang    tidak   dipegang  untuk                  that are not held for trading or not designated
                                                                                                                                                apakah risiko kredit dari ecognizes keuangan                  whether the credit risk on a financial
               diperdagangkan atau tidak ditunjuk atau                        or classified as at FVPL upon the inception of
                                                                                                                                                telah meningkat secara signifikan sejak                       instrument has increased significantly since
               diklasifikasikan sebagai FVPL setelah lahirnya                 the liability. These include liabilities arising
                                                                                                                                                pengakuan awal.                                               initial recognition.
               kewajiban.      Ini termasuk kewajiban yang                    from operations or borrowings.
               timbul dari operasi atau pinjaman.
                                                                                                                                                Ketika     melakukan       penilaian,    Grup                 When making the assessment, the Group uses
                                                                                                                                                menggunakan perubahan atas risiko gagal bayar                 the change in the risk of a default occurring
               Liabilitas keuangan lainnya diukur pada                        Other financial liabilities are measured
                                                                                                                                                yang terjadi sepanjang perkiraan usia                         over the expected life of the financial
               awalnya pada nilai wajar ditambah biaya                        initially at fair value plus transaction cost and
                                                                                                                                                instrument keuangan daripada perubahan atas                   instrument instead of the change in the
               transaksi dan selanjutnya dilakukan dengan                     are subsequently carried at amortized cost,
                                                                                                                                                jumlah kerugian kredit ekspektasian.                          amount of expected credit losses.
               biaya     perolehan    diamortisasi,    dengan                 taking into account the impact of applying the
               mempertimbangkan        dampak       penerapan                 effective interest rate method of amortization
               metode suku bunga efektif amortisasi (atau                     (or accretion) for any related premium,                           Dalam      melakukan       penilaian,   Grup                  To make that assessment, the Group compares
               akresi) atas premi, diskon dan langsung                        discount and directly attributable transaction                    membandingkan antara risiko gagal bayar yang                  the risk of a default occurring on the financial
                                                                                                                                                terjadi atas ecognizes keuangan pada saat                     instrument as at the reporting date with the
               diatribusikan biaya transaksi. Keuntungan dan                  costs. Gains and losses are recognized in profit
               kerugian yang diakui dalam laba atau rugi                      or loss when the liabilities are derecognized as                  periode pelaporan dengan risiko gagal bayar                   risk of a default occurring on the financial
               ketika liabilitas yang di-derecognized serta                   well as through the amortization process.                         yang terjadi atas ecognizes keuangan pada                     instrument as at the date of initial recognition
               melalui proses amortisasi.                                                                                                       saat pengakuan awal dan mempertimbangkan                      and consider reasonable and supportable
                                                                                                                                                kewajaran serta ketersediaan informasi, yang                  information, that is available without undue
                                                                                                                                                tersedia tanpa biaya atau usaha pada saat                     cost or effort at the reporting date about past
               Utang bank Grup, utang usaha, biaya yang                       Group bank loans, trade payables, accrued
                                                                                                                                                tanggal pelaporan terkait dengan kejadian                     events, current conditions and forecasts of
               masih harus dibayar, utang lain-lain, uang                     expenses, other payables, advances from
                                                                                                                                                masa lalu, kondisi terkini dan perkiraan atas                 future economic conditions, that is indicative
               muka pelanggan, dan utang pinjaman termasuk                    customers and loan payables are included in
                                                                                                                                                kondisi ekonomi di masa depan, yang                           of significant increases in credit risk since
               dalam kategori ini. Tidak ada perubahan                        this category. There were no significant
                                                                                                                                                mengindikasikan kenaikan risiko kredit sejak                  initial recognition.
               signifikan untuk klasifikasi dan pengukuran                    changes to the classification and measurement
                                                                                                                                                pengakuan awal.
               liabilitas keuangan sebelum dan setelah                        of financial liabilities before and after January
               1 Januari 2020.                                                1, 2020.
                                                                                                                                              5. Penghentian pengakuan aset dan liabilitas               5. Derecognition        of    financial     assets     and
                                                                                                                                                 keuangan                                                   liabilities
          3.   Instrumen keuangan saling hapus                           3. Offsetting of financial instruments
                                                                                                                                                Aset keuangan                                                 Financial assets
               Aset keuangan dan liabilitas keuangan saling                   Financial assets and financial liabilities are
               hapus dan nilai bersihnya disajikan dalam                      offset and the net amount reported in the
               laporan posisi keuangan jika, dan hanya jika,                  statement of financial position if, and only if,                  Aset keuangan (atau mana yang lebih tepat,                    A financial asset (or where applicable, a part
                                                                                                                                                bagian dari aset keuangan atau bagian dari                    of a financial asset or part of a group of
               entitas saat ini memiliki hak yang dapat                       there is a currently enforceable legal right to
               dipaksakan secara hukum untuk melakukan                        offset the recognized amounts and there is an                     kelompok aset keuangan serupa) dihentikan                     similar financial assets) is derecognized when:
               saling hapus atas jumlah yang telah diakui dan                 intention to settle on a net basis, or to realize                 pengakuannya pada saat: (1) hak kontraktual                   (1) the contractual rights to the cash flows
               berniat untuk menyelesaikan secara neto, atau                  the assets and settle the liabilities                             arus kas yang berasal dari aset keuangan                      from the financial assets expire; or (2) the
                                                                                                                                                tersebut telah berakhir; atau (2) Grup telah                  Group has transferred its contractual rights to
               untuk merealisasikan aset dan menyelesaikan                    simultaneously. The legally enforceable right
               kewajibannya secara simultan. Hak yang                         must not be contingent on future events and                       mengalihkan hak kontraktual mereka untuk                      receive the cash flows of the financial assets or
               berkekuatan hukum tersebut tidak harus                         must be enforceable in the normal course of                       menerima arus kas yang berasal dari aset                      retained the contractual rights to receive the
               bergantung pada kejadian masa depan dan                        business and in the event of default,                             keuangan atau memiliki hak kontraktual untuk                  cash flows of the financial asset.
                                                                                                                                                menerima arus kas yang berasal dari aset
               harus dapat dilaksanakan dalam kegiatan                        insolvency or bankruptcy of the Group or the
               usaha normal dan dalam hal gagal bayar, pailit                 counterparty.                                                     keuangan.
               atau kebangkrutan dari Grup atau pihak lawan.
Page 105
                                                                       These consolidated financial statements are originally                                                                                  These consolidated financial statements are originally
                                                                                 issued in Indonesian language                                                                                                           issued in Indonesian language

                                              Ekshibit E/43                                                         Exhibit E/43                                                      Ekshibit E/44                                                         Exhibit E/44

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                        PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                           PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                       PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED FINANCIAL                                            CATATAN ATAS LAPORAN                                     NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                                  STATEMENTS                                                       KEUANGAN KONSOLIDASIAN                                                 STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                  AS OF DECEMBER 31, 2021 AND                                    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                 AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                      FOR THE YEAR THEN ENDED                                         YANG BERAKHIR PADA TANGGAL TERSEBUT                                     FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                   (Expressed in Rupiah, unless otherwise stated)                       (Disajikan dalam Rupiah, kecuali dinyatakan lain)                  (Expressed in Rupiah, unless otherwise stated)

2. IKHTISAR     KEBIJAKAN        AKUNTANSI       SIGNIFIKAN     2.    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES                      2.    IKHTISAR     KEBIJAKAN       AKUNTANSI       SIGNIFIKAN     2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
   (Lanjutan)                                                         (Continued)                                                           (Lanjutan)                                                       (Continued)

   g.   Instrumen keuangan (Lanjutan)                                g. Financial instruments (Continued)                                   h. Kas dan bank                                                   h. Cash and banks

        5. Penghentian pengakuan aset dan liabilitas                     5. Derecognition of financial               assets     and              Kas dan bank tidak digunakan sebagai jaminan                     Cash on hand and banks are not pledged as
           keuangan (Lanjutan)                                              liabilities (Continued)                                              atau   tidak   dibatasi penggunaannya.    Kas                    collateral or unrestricted in use. Cash represents
                                                                                                                                                 merupakan alat pembayaran yang siap dan bebas                    available and eligible payment instruments to
           Liabilitas keuangan                                                Financial liabilities
                                                                                                                                                 dipergunakan untuk membiayai kegiatan umum                       finance the Group’s business.
                                                                                                                                                 Grup.
           Liabilitas keuangan dihentikan pengakuannya pada                   A financial liability is derecognized when the
           saat liabilitas tersebut berakhir atau dibatalkan                  obligation under the liability is discharged or
           atau kadaluarsa.                                                   cancelled or has expired.                                     i.   Investasi jangka pendek                                      i. Short-term investments

           Dalam hal suatu liabilitas keuangan yang ada                       When an existing financial liability is replaced by                Deposito berjangka dengan jangka waktu lebih                     Time deposits with maturity periods of more than
           digantikan oleh liabilitas keuangan lain dari                      another from the same lender on substantially                      dari tiga bulan sampai satu tahun sejak tanggal                  three months until one year at the time of
           pemberi pinjaman yang sama dengan persyaratan                      different terms, on the terms of an existing                       penempatan disajikan sebagai investasi jangka                    placement    are   presented     as   short-term
           yang berbeda secara substansial, atau modifikasi                   liability are substantially modified, such an                      pendek. Deposito berjangka disajikan sebesar nilai               investments. Time deposits are presented at their
           secara substansial atas persyaratan dari suatu                     exchange or modification is treated as a                           nominal.                                                         nominal value.
           liabilitas yang ada, pertukaran atau modifikasi                    derecognition of the original liability and the
           tersebut diperlakukan sebagai penghentian                          recognition of a new liability, and the difference            j. Transaksi dengan pihak-pihak berelasi                          j. Transactions with related parties
           pengakuan liabilitas awal dan pengakuan liabilitas                 in the respective carrying amounts is recognized
           baru, dan selisih antara nilai tercatat masing-                    in the consolidated profit or loss.
                                                                                                                                                 Perusahaan dan entitas anaknya memiliki transaksi                The Company and its subsidiaries have
           masing liabilitas diakui dalam laporan laba rugi
                                                                                                                                                 dengan pihak berelasi sebagaimana didefinisikan                  transactions with related parties as defined under
           konsolidasian.
                                                                                                                                                 dalam PSAK No. 7 (Revisi 2018), “Pengungkapan                    SFAS No. 7 (Revised 2018), “Related Party
        6. Nilai wajar instrument keuangan                              6.    Fair value of financial instruments                                Pihak-Pihak Berelasi”.                                           Disclosures”.

           Grup menilai ecognizes keuangan sebesar nilai                      The Group measures financial instruments, at fair                  Transaksi ini dilakukan berdasarkan persyaratan                  The transactions are made based on terms agreed
           wajar pada setiap tanggal laporan posisi                           value at each statement of financial position                      yang disetujui oleh kedua belah pihak, dimana                    by the parties. Such terms may or may not be the
           keuangan. Nilai wajar adalah harga yang akan                       date. Fair value is the price that would be                        persyaratan tersebut bisa sama atau tidak sama                   same as those of the transactions between
           diterima untuk menjual suatu aset atau harga yang                  received to sell an asset or paid to transfer a                    dengan transaksi lain yang dilakukan dengan                      unrelated parties.
           akan dibayar untuk mengalihkan suatu liabilitas                    liability in an orderly transaction between market                 pihak-pihak yang tidak berelasi.
           dalam transaksi teratur antara pelaku pasar pada                   participants at the measurement date. The fair
           tanggal pengukuran. Pengukuran nilai wajar                         value measurement is based on the presumption                      Seluruh transaksi dan saldo yang material dengan                 All significant transactions and balances with
           mengasumsikan bahwa transaksi untuk menjual                        that the transaction to sell the asset or transfer
                                                                                                                                                 pihak-pihak berelasi telah diungkapkan dalam                     related parties have been disclosed in the notes
           aset atau mengalihkan liabilitas terjadi:                          the liability takes place either:
                                                                                                                                                 catatan atas laporan keuangan konsolidasian.                     to the consolidated financial statements.
           Di pasar utama untuk aset dan liabilitas tersebut,                 In the principal market for the asset and liability,
           atau                                                               or                                                            k. Persediaan                                                     k. Inventories

           Jika tidak terdapat pasar utama, di pasar yang                     In the absence of a principal market, in the most                  Persediaan dinyatakan sebesar nilai yang lebih                   Inventories are valued at the lower of cost or net
           paling menguntungkan untuk aset atau liabilitas                    advantageous market for the asset or liability.                    rendah antara biaya perolehan dan nilai realisasi                realizable value. Net realizable value is the
           tersebut.                                                                                                                             neto (the lower cost or net realizable value). Nilai             estimated selling price in the ordinary course of
                                                                                                                                                 realisasi neto adalah estimasi harga jual dalam                  business, less estimated costs of completion and
           Nilai   wajar   aset  atau    liabilitas  diukur                   The fair value of an asset or a liability is
                                                                                                                                                 kondisi bisnis yang umum, dikurangi dengan                       the estimated cost necessary to make the sale.
           menggunakan asumsi yang akan digunakan pelaku                      measured using the assumptions that market
           pasar ecogn menentukan harga aset atau liabilitas                  participants would use when pricing the asset or
                                                                                                                                                 estimasi biaya penyelesaian dan estimasi biaya                   Cost is stated at the “weighted average” method.
           tersebut, dengan asumsi bahwa pelaku pasar                         liability, assuming that market participants act in                yang diperlukan untuk membuat penjualan. Biaya
           utamanya bertindak untuk kepentingan ekonomi                       their economic best interest. A fair value                         perolehan dinyatakan sebesar metode “rata-rata
           terbaik mereka. Pengukuran nilai wajar atas aset                   measurement of a nonfinancial asset takes into                     tertimbang”.
           nonkeuangan     memperhitungkan       kemampuan                    account a market participant’s ability to generate
           pelaku pasar dalam menghasilkan manfaat                            economic benefits by using the asset in its highest                Penyisihan    persediaan     usang  ditentukan                   Allowance     for   inventory    obsolescence is
           ekonomi tertinggi dalam penggunaan aset atau                       and best use or by selling it to another market                    berdasarkan hasil penelaahan terhadap keadaan                    determined based on a review of the status of
           dengan menjualnya kepada pelaku pasar lain yang                    participant that would use the asset in its highest                persediaan pada akhir tahun.                                     inventories at the end of the year.
           akan menggunakan aset tersebut secara maksimal.                    and best use.

           Untuk tujuan pengungkapan nilai wajar, Group                       For the purpose of fair value disclosures, the
           telah menentukan kategori aset dan liabilitas                      Group has determined classes of assets and
           berdasarkan sifat, karakteristik, dan risiko dari                  liabilities on the basis of the nature,
           aset atau liabilitas tersebut, dan nilai wajar.                    characteristics and risks of the asset or liability
                                                                              and its fair value.
Page 106
                                                                 These consolidated financial statements are originally                                                                          These consolidated financial statements are originally
                                                                           issued in Indonesian language                                                                                                   issued in Indonesian language

                                            Ekshibit E/45                                                     Exhibit E/45                                               Ekshibit E/46                                                        Exhibit E/46

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                 PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                      PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                 PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                               NOTES TO THE CONSOLIDATED FINANCIAL                                       CATATAN ATAS LAPORAN                               NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                           STATEMENTS                                                  KEUANGAN KONSOLIDASIAN                                           STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                           AS OF DECEMBER 31, 2021 AND                               TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                           AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                               FOR THE YEAR THEN ENDED                                    YANG BERAKHIR PADA TANGGAL TERSEBUT                               FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)            (Expressed in Rupiah, unless otherwise stated)                  (Disajikan dalam Rupiah, kecuali dinyatakan lain)            (Expressed in Rupiah, unless otherwise stated)

2. IKHTISAR     KEBIJAKAN      AKUNTANSI      SIGNIFIKAN     2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES                   2. IKHTISAR     KEBIJAKAN      AKUNTANSI       SIGNIFIKAN    2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
   (Lanjutan)                                                   (Continued)                                                     (Lanjutan)                                                   (Continued)

   l. Investasi pada entitas asosiasi                          l. Investments in an associate                                   l. Investasi pada entitas asosiasi (Lanjutan)               l.    Investments in an associate (Continued)

      Investasi Perusahaan dan entitas anaknya pada               The Company and its subsidiaries investment in its               Selisih yang timbul dari proses penjabaran laporan             The difference arising from the above translation of
      entitas asosiasi diukur dengan menggunakan metode           associate is accounted for using the equity method.              keuangan tersebut disajikan sebagai “Selisih Kurs              financial statements is presented as “Difference
      ekuitas. Entitas asosiasi adalah suatu entitas di           An associate is an entity in which the Company and               dari Penjabaran Laporan Keuangan dalam Mata Uang               Arising from Translation of Foreign Currency
      mana Perusahaan dan entitas anaknya mempunyai               its subsidiaries have significant influence. Under               Asing” pada kelompok Ekuitas dalam laporan posisi              Financial Statements” under the Equity section of
      pengaruh signifikan. Sesuai dengan metode ekuitas,          the equity method, the cost of investment is                     keuangan konsolidasian.                                        the consolidated statement of financial position.
      nilai perolehan investasi ditambah atau dikurang            increased or decreased by the Company and its
                                                                                                                                m. Biaya dibayar dimuka                                     m. Prepaid expenses
      dengan bagian Perusahaan dan entitas anaknya atas           subsidiaries’s share in net earnings or losses of, and
      laba atau rugi neto investee, dan penerimaan                dividends received from the investee since the date
                                                                                                                                   Biaya dibayar di muka terutama terdiri dari biaya              Prepaid expenses mainly consist of prepaid
      dividen dari investee sejak tanggal perolehan.              of acquisition.
                                                                                                                                   asuransi dibayar dimuka dan sewa dibayar di muka               insurance expense and prepaid rent which are
                                                                                                                                   yang diamortisasi selama masa manfaat masing-                  amortized over the beneficial period of each
      Laporan laba rugi dan penghasilan komprehensif lain         The consolidated statement of profit or loss and
                                                                                                                                   masing biaya dengan menggunakan metode garis                   expenses using the straight-line method.
      konsolidasian mencerminkan bagian atas hasil                other comprehensive income reflects the Company
                                                                                                                                   lurus.
      operasi dari entitas asosiasi. Bila terdapat                and its subsidiaries share of the results of
      perubahan yang diakui langsung pada ekuitas dari            operations of the associate. Where there has been a
                                                                                                                                n. Aset real estat                                          n. Real estate assets
      entitas asosiasi, Perusahaan mengakui bagiannya             change recognized directly in the equity of the
      atas perubahan tersebut dan mengungkapkan hal ini,          associate, the Company and its subsidiaries
                                                                                                                                   Aset real estat terdiri dari tanah dan bangunan yang           Real estate assets which consists of land and
      jika ada, dalam laporan perubahan ekuitas                   recognizes its share of any such changes and
                                                                                                                                   sedang dikembangkan dinyatakan sebesar nilai yang              building under constructions are stated at the lower
      konsolidasian. Laba atau rugi yang belum direalisasi        discloses this, when applicable, in the consolidated
                                                                                                                                   lebih rendah antara biaya perolehan dan nilai                  of cost or net realizable value.
      sebagai hasil dari transaksi-transaksi antara               statement of changes in equity. Unrealized gains or
                                                                                                                                   realisasi neto.
      Perusahaan dan entitas anaknya dengan entitas               losses resulting from transactions between the
      asosiasi dieliminasi pada jumlah sesuai dengan              Company and its subsidiaries and the associate are
                                                                                                                                   Biaya perolehan tanah dan bangunan yang sedang                 Cost of land and building under construction include
      kepentingan Perusahaan dan entitas anaknya dalam            eliminated to the extent of the Company and its
                                                                                                                                   dikembangkan meliputi biaya yang secara langsung               costs that relate directly to the project, other
      entitas asosiasi.                                           subsidiaries interest in the associate.
                                                                                                                                   berhubungan dengan proyek, biaya tidak langsung                indirect cost that are attributable to the project
      Perusahaan dan entitas anaknya menentukan apakah                                                                             lainnya yang dapat diatribusikan pada aktivitas                development activities.
                                                                  The Company and its subsidiaries determine
      diperlukan    untuk   mengakui    tambahan     rugi                                                                          pengembangan proyek.
                                                                  whether it is necessary to recognize an additional
      penurunan nilai atas investasi Perusahaan dan               impairment loss on the Company and its
      entitas anaknya dalam entitas asosiasi. Perusahaan                                                                           Biaya perolehan tanah mencakup biaya perolehan                 The cost of land consist of the cost of land including
                                                                  subsidiaries’ investment in its associate. The
      dan entitas anaknya menentukan pada setiap                                                                                   tanah termasuk semua biaya yang secara langsung                all of direct cost until the land is ready for its
                                                                  Company and its subsidiaries determine at each
      tanggal pelaporan apakah terdapat bukti yang                                                                                 mengakibatkan tanah tersebut siap digunakan sesuai             intended use.
                                                                  reporting date whether there is any objective
      obyektif yang mengindikasikan bahwa investasi                                                                                dengan tujuan yang telah disiapkan.
      dalam entitas asosiasi mengalami penurunan nilai.           evidence that the investment in the associate is
      Dalam hal ini, Perusahaan dan entitas anaknya               impaired. If this is the case, the Company and its
                                                                                                                                o. Kapitalisasi biaya pinjaman                              o. Capitalization of borrowing costs
      menghitung jumlah penurunan nilai berdasarkan               subsidiaries calculates the amount of impairment as
      selisih antara jumlah terpulihkan atas investasi            the difference between the recoverable amount of
      dalam entitas asosiasi dan nilai tercatatnya dan            the investment in shares of stock and its carrying               Biaya pinjaman yang dapat diatribusikan langsung               Borrowing costs that are directly attributable to
      mengakuinya dalam laporan laba rugi dan                                                                                      dengan perolehan, konstruksi, atau pembuatan aset              the acquisition, construction or production of a
                                                                  value, and recognizes the amount in the
      penghasilan komprehensif lain konsolidasian.                                                                                 kualifikasian dikapitalisasi sebagai bagian biaya              qualifying asset are capitalized as part of the cost
                                                                  consolidated statement of profit or loss and other
                                                                                                                                   perolehan aset tersebut. Biaya pinjaman lainnya                of the related asset. Otherwise, borrowing costs are
                                                                  comprehensive income.
                                                                                                                                   diakui sebagai beban pada saat terjadi. Biaya                  recognized as expenses when incurred. Borrowing
      Penyertaan saham dengan persentase kepemilikan                                                                               pinjaman terdiri dari biaya bunga dan biaya                    costs consist of interests and other financing
                                                                  Investment in shares of stock with an ownership
      20% sampai dengan 50%, dicatat dengan                       interest of 20% to 50%, is recorded using the equity             pendanaan lain yang ditanggung Perusahaan dan                  charges that the Company and its subsidiaries incurs
      menggunakan metode ekuitas.                                 method.                                                          entitas anaknya sehubungan dengan peminjaman                   in connection with the borrowing of funds.
                                                                                                                                   dana.

                                                                                                                                   Kapitalisasi biaya pinjaman dimulai pada saat                  Capitalization of borrowing costs commences when
                                                                                                                                   aktivitas yang diperlukan untuk mempersiapkan aset             the activities to prepare the qualifying asset for its
                                                                                                                                   agar dapat digunakan sesuai dengan maksudnya dan               intended use are in progress and the expenditures
                                                                                                                                   pengeluaran untuk aset kualifikasian dan biaya                 for the qualifying asset and the borrowing costs
                                                                                                                                   pinjamannya telah terjadi. Kapitalisasi biaya                  have been incurred. Capitalization of borrowing
                                                                                                                                   pinjaman dihentikan pada saat selesainya secara                costs ceases when substantially all the activities
                                                                                                                                   substansi seluruh aktivitas yang diperlukan untuk              necessary to prepare the qualifying assets are
                                                                                                                                   mempersiapkan aset kualifikasian agar dapat                    substantially completed for their intended use.
                                                                                                                                   digunakan sesuai dengan maksudnya.
Page 107
                                                                           These consolidated financial statements are originally                                                                         These consolidated financial statements are originally
                                                                                     issued in Indonesian language                                                                                                  issued in Indonesian language

                                              Ekshibit E/47                                                             Exhibit E/47                                                Ekshibit E/48                                                      Exhibit E/48

    PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                          PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                       PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                  PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                 CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED FINANCIAL                                        CATATAN ATAS LAPORAN                                NOTES TO THE CONSOLIDATED FINANCIAL
                KEUANGAN KONSOLIDASIAN                                                    STATEMENTS                                                   KEUANGAN KONSOLIDASIAN                                            STATEMENTS
     TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                    AS OF DECEMBER 31, 2021 AND                                TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                            AS OF DECEMBER 31, 2021 AND
        YANG BERAKHIR PADA TANGGAL TERSEBUT                                        FOR THE YEAR THEN ENDED                                     YANG BERAKHIR PADA TANGGAL TERSEBUT                                FOR THE YEAR THEN ENDED
    (Disajikan dalam Rupiah, kecuali dinyatakan lain)                     (Expressed in Rupiah, unless otherwise stated)                   (Disajikan dalam Rupiah, kecuali dinyatakan lain)             (Expressed in Rupiah, unless otherwise stated)

2. IKHTISAR      KEBIJAKAN      AKUNTANSI        SIGNIFIKAN        2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES                        2. IKHTISAR     KEBIJAKAN      AKUNTANSI       SIGNIFIKAN     2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
   (Lanjutan)                                                         (Continued)                                                          (Lanjutan)                                                    (Continued)
    p. Aset dalam pembangunan                                            p. Property under development                                     q. Aset tetap (Lanjutan)                                     q. Fixed assets (Continued)
       Aset dalam pembangunan dinyatakan sebesar biaya                      Property under development is stated at cost less
       perolehan dikurangi cadangan kerugian penurunan                      allowance for impairment losses. Cost includes                    Setelah    pengakuan     awal,  tanah     dicatat            After initial recognition, land is recorded using
                                                                                                                                              menggunakan model revaluasi. Revaluasi dilakukan             revaluation model. Revaluations shall be made with
       nilai. Biaya perolehan tersebut termasuk biaya                       borrowing costs which consist of interest expense,
                                                                                                                                              dengan keteraturan yang cukup reguler untuk                  sufficient regularity to ensure that the carrying
       pinjaman, yang mencakup beban bunga, selisih kurs                    foreign exchange difference and other financing
                                                                                                                                              memastikan bahwa jumlah tercatat tanah tidak                 amount of land does not differ materially from that
       dan biaya pinjaman lainnya, yang terjadi selama                      costs incurred during the development period                      berbeda secara material dengan jumlah yang
       masa pembangunan yang timbul dari utang yang                         arising from debts obtained to finance the asset                                                                               which would be determined using fair value at the
                                                                                                                                              ditentukan dengan menggunakan nilai wajarnya
       digunakan untuk membiayai pembangunan aset                           development and departmental expense room net                                                                                  end of the reporting period.
                                                                                                                                              pada akhir periode pelaporan.
       tersebut dan beban departementalisasi kamar                          of hotel revenue rooms during the probation
       setelah dikurangi pendapatan usaha kamar selama                      period.                                                           Surplus revaluasi diakui dalam penghasilan                   A revaluation surplus is recorded in other
       masa percobaan.                                                                                                                        komprehensif lain dan terakumulasi dalam ekuitas             comprehensive income and accumulated in equity
                                                                                                                                              pada bagian surplus revaluasi aset tetap. Namun,             under the heading of revaluation surplus. However,
       Akumulasi biaya perolehan aset dalam penyelesaian                    The accumulated costs will be reclassified to the                 kenaikan tersebut diakui dalam laba rugi hingga              the increase is recognized in profit and loss to the
       akan dipindahkan ke masing-masing aset tetap yang                    appropriate fixed assets accounts when the                        sebesar jumlah penurunan nilai aset yang sama                extent that it reverses a revaluation deficit of the
       bersangkutan pada saat pembangunan aset tetap                        construction is substantially completed and the                   akibat revaluasi yang pernah diakui sebelumnya
                                                                                                                                                                                                           same asset previously recognized in profit or loss. A
       tersebut telah selesai dan siap untuk digunakan.                     assets are ready for their intended use.                          dalam laba rugi. Defisit revaluasi diakui dalam laba
                                                                                                                                              rugi. Namun penurunan nilai tersebut diakui dalam            revaluation deficit is recognized in profit or loss.
       Entitas Anak memiliki Aset Kerjasama Operasi (KSO)                   The subsidiary has joint operation asset (KSO) under                                                                           However, the decrease shall be recognized in the
                                                                                                                                              surplus revaluasi aset tetap sepanjang tidak
       dalam konstruksi. Aset ini akan direklasifikasi ke                   construction. This asset will be reclassified to joint            melebihi saldo surplus revaluasi untuk aset tersebut.        revaluation surplus to the extent of any credit
       Aset KSO pada saat konstruksi selesai dan aset KSO                   operation assets when the construction has been                                                                                balance existing in the revaluation surplus in
       siap dipakai untuk dioperasikan.                                     completed and ready to be used for operations.                                                                                 respect of that asset.
    q. Aset tetap                                                        q. Fixed assets
                                                                                                                                              Surplus revaluasi aset tetap yang termasuk dalam             The revaluation surplus included in equity in
       Aset tetap, kecuali tanah, dinyatakan sebesar biaya                  Fixed assets, except land, are stated at cost less                ekuitas dapat dipindahkan langsung ke saldo laba             respect of an item of fixed assets may be
       perolehan dikurangi akumulasi penyusutan dan rugi                    accumulated depreciation and impairment losses.                   ketika aset tersebut dihentikan pengakuannya.                transferred directly to retained earnings when the
       penurunan nilai. Biaya perolehan termasuk biaya                      Such cost includes the cost of replacing part of the                                                                           asset is derecognized.
       penggantian bagian aset tetap saat biaya tersebut                    fixed asset when that cost is incurred, if the
       terjadi, jika memenuhi kriteria pengakuan.                           recognition criteria are met. Likewise, when a                    Jumlah tercatat aset tetap dihentikan pengakuannya           An item of fixed assets is derecognized upon
       Selanjutnya, pada saat inspeksi yang signifikan                      major inspection is performed, its cost is recognized             pada saat dilepaskan atau saat tidak ada manfaat             disposal or when no future economic benefits are
       dilakukan, biaya inspeksi itu diakui ke dalam jumlah                 in the carrying amount of the fixed assets as a                   ekonomis masa depan yang diharapkan dari                     expected from its use or disposal. Any gain or loss
       tercatat (“carrying amount”) aset tetap sebagai                      replacement if the recognition criteria are                       penggunaan atau pelepasannya. Laba atau rugi yang            arising from derecognition of the asset (calculated
       suatu    penggantian    jika    memenuhi      kriteria               satisfied. All other repairs and maintenance costs                timbul dari penghentian pengakuan aset (dihitung             as the difference between the net disposal proceeds
       pengakuan. Semua biaya pemeliharaan dan                              that do not meet the recognition criteria are                     sebagai perbedaan antara jumlah neto hasil
                                                                                                                                                                                                           and the carrying amount of the asset) is included in
                                                                                                                                              pelepasan dan jumlah tercatat dari aset)
       perbaikan yang tidak memenuhi kriteria pengakuan                     recognized in the consolidated statement of profit                                                                             the consolidated statement of profit or loss and
                                                                                                                                              dimasukkan dalam laporan laba rugi dan penghasilan
       diakui dalam laporan laba rugi dan penghasilan                       or loss and other comprehensive income as                         komprehensif lain konsolidasian pada periode aset            other comprehensive income in the period the asset
       komprehensif     lain   konsolidasian    pada     saat               incurred.                                                         tersebut dihentikan pengakuannya.                            is derecognized.
       terjadinya.
                                                                                                                                              Pada setiap akhir tahun buku, nilai residu, umur             The asset’s residual values, useful lives and
       Penyusutan dihitung dengan menggunakan metode                        Fixed assets are depreciated using the straight-line
                                                                                                                                              manfaat dan metode penyusutan di-review, dan jika            methods of depreciation are reviewed, and adjusted
       garis lurus selama umur manfaat aset tetap yang                      method over their estimated useful lives of the                                                                                prospectively if appropriate, at each financial year
                                                                                                                                              sesuai dengan keadaan, disesuaikan secara
       diestimasi sebagai berikut:                                          assets as follows:                                                                                                             end.
                                                                                                                                              prospektif.
                                                                Tahun/
                                                                Years                                                                         Aset dalam penyelesaian disajikan dalam “Aset                Construction in progress is presented under “Fixed
                                                                                                                                              Tetap” dan dinyatakan sebesar biaya perolehan.               Assets” and stated at cost. The accumulated cost of
       Bangunan                                                   20                                                         Building
                                                                                                                                              Akumulasi biaya perolehan untuk aset dalam                   the asset constructed is transferred to the
       Peralatan Hotel                                            4                                                 Hotel Equipment           penyelesaian akan dipindahkan ke masing-masing               appropriate fixed assets account when the
       Peralatan Kantor                                           4                                                 Office Equipment          aset tetap yang bersangkutan pada saat aset                  construction is completed and the asset is ready for
       Perabotan dan Perlengkapan                                4-8                                            Furniture and Fixture         tersebut selesai dikerjakan dan siap digunakan               its intended use.
       Kendaraan                                                  8                                                          Vehicles         sesuai dengan tujuannya.
4

       Tanah, termasuk biaya pengurusan legal hak yang                      Land, including the legal costs incurred at initial
                                                                                                                                              Bunga, biaya komitmen dan biaya pinjaman lainnya             Interest, commitment fees and other borrowing
       timbul pada awal perolehan hak atas tanah,                           acquisition of landrights, are stated at cost and not
                                                                                                                                              yang    dapat   diatribusikan   langsung   dengan            costs which directly attributable to the acquisition,
       dinyatakan sebesar biaya perolehan dan tidak                         amortized. Specific costs associated with the
                                                                                                                                              perolehan, pengembangan dan konstruksi proyek-               development and construction of projects are
       diamortisasi. Biaya-biaya yang terjadi sehubungan                    extention or renewal of land titles are deferred and
                                                                                                                                              proyek dikapitalisasi sebagai bagian dari biaya              capitalized as part of the cost of the asset under
       dengan perpanjangan atau pembaharuan hak atas                        amortized over the legal term of the landrights or
                                                                                                                                              perolehan aset dalam penyelesaian. Kapitalisasi              construction. Capitalization of borrowing costs
       tanah ditangguhkan dan diamortisasi selama periode                   economic life of the land, whichever is shorter.
                                                                                                                                              biaya pinjaman akan dihentikan apabila konstruksi            ceases when the construction is completed and the
       hak atas tanah atau taksiran masa manfaat
                                                                                                                                              sudah selesai dan aset siap untuk digunakan sesuai           asset is ready for its intended use.
       ekonomis tanah, mana yang lebih pendek.
                                                                                                                                              dengan tujuannya.
Page 108
                                                                 These consolidated financial statements are originally                                                                               These consolidated financial statements are originally
                                                                           issued in Indonesian language                                                                                                        issued in Indonesian language

                                            Ekshibit E/49                                                     Exhibit E/49                                               Ekshibit E/50                                                             Exhibit E/50

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                 PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                      PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                         PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                               NOTES TO THE CONSOLIDATED FINANCIAL                                       CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                           STATEMENTS                                                  KEUANGAN KONSOLIDASIAN                                                   STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                           AS OF DECEMBER 31, 2021 AND                               TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                   AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                               FOR THE YEAR THEN ENDED                                    YANG BERAKHIR PADA TANGGAL TERSEBUT                                       FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)            (Expressed in Rupiah, unless otherwise stated)                  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                    (Expressed in Rupiah, unless otherwise stated)

2. IKHTISAR     KEBIJAKAN      AKUNTANSI      SIGNIFIKAN     2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES                   2. IKHTISAR     KEBIJAKAN      AKUNTANSI       SIGNIFIKAN        2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
   (Lanjutan)                                                   (Continued)                                                     (Lanjutan)                                                       (Continued)

   r. Penurunan nilai aset non-keuangan                        r. Impairment of non-financial assets                            s. Perlengkapan operasional hotel                                   s. Hotel operating equipment

      Pada setiap akhir periode pelaporan, Perusahaan             The Company and its subsidiaries assesses at each                Perlengkapan operasional hotel terdiri dari barang-                 Hotel operating equipment consisting of porcelain,
      dan entitas anaknya menilai apakah terdapat                 end of reporting period whether there is an                      barang porselen, pecah belah, linen, hollowware,                    glassware, linens, hollowware, uniforms, utensils
      indikasi suatu aset mengalami penurunan nilai. Jika         indication that an asset may be impaired. If any                 seragam, utensils dan perlengkapan lain dinyatakan                  and other equipment are stated at cost less
      terdapat indikasi tersebut atau pada saat pengujian         such indication exists, or when annual impairment                sebesar harga perolehan dikurangi akumulasi                         accumulated depreciation. Monthly reserves for
      penurunan nilai aset (yaitu aset takberwujud dengan         testing for an asset (i.e., an intangible asset with             penyusutan. Cadangan bulanan untuk penggantian                      replacement are recorded and adjusted for the
      umur manfaat tidak terbatas, aset takberwujud yang          an indefinite useful life, an intangible asset not yet           telah dibukukan dan disesuaikan untuk penggantian                   replacement at the end of the year.
      belum dapat digunakan, atau goodwill yang                   available for use, or goodwill acquired in a business            pada akhir tahun.
      diperoleh dalam suatu kombinasi bisnis) diperlukan,         combination) is required, the Company and its
      maka Perusahaan dan entitas anaknya membuat                 subsidiaries makes an estimate of the asset’s                    Penyusutan perlengkapan operasional hotel dihitung                  Depreciation of hotel operating equipment,
      estimasi formal jumlah terpulihkan aset tersebut.           recoverable amount.                                              dengan menggunakan metode garis lurus selama                        whereby depreciation is calculated using straight-
                                                                                                                                   umur manfaat aset yang diestimasi sebagai berikut:                  line method over the assets’ useful life, which
      Kerugian penurunan nilai dari operasi yang                  Impairment losses of continuing operations, if any,                                                                                  estimated as follows:
      dilanjutkan, jika ada, diakui pada laporan laba rugi        are recognized in the consolidated statement of
      dan penghasilan komprehensif lain konsolidasian             profit or loss and other comprehensive income                                                                            Tahun/
      sesuai dengan kategori beban yang konsisten dengan          under expense categories that are consistent with                                                                        Years
      fungsi dari aset yang diturunkan nilainya.                  the functions of the impaired assets.
                                                                                                                                   Linens                                                    3                                                             Linens
      Penilaian dilakukan pada akhir setiap periode               An assessment is made at each reporting period as                Silver/Cutleries                                          4                                                   Silver/Cutleries
      pelaporan apakah terdapat indikasi bahwa rugi               to whether there is any indication that previously               Pecah belah                                               2                                                         Glassware
      penurunan nilai yang telah diakui dalam periode             recognized impairment losses recognized for an                   Chinaware                                                 2                                                         Chinaware
      sebelumnya untuk aset selain goodwill mungkin               asset other than goodwill may no longer exist or                 Seragam                                                   2                                                           Uniform
      tidak ada lagi atau mungkin telah menurun. Jika             may have decreased. If such indication exists, the               Koleksi perpustakaan                                      3                                                 Library collection
      indikasi dimaksud ditemukan, maka entitas                   recoverable amount is estimated. A previously
      mengestimasi jumlah terpulihkan aset tersebut.              recognized impairment loss for an asset other than            t. Aset tidak lancar lainnya                                        t. Other non-current assets
      Kerugian penurunan nilai yang telah diakui dalam            goodwill is reversed only if there has been a change
      periode sebelumnya untuk aset selain goodwill               in the assumptions used to determine the asset’s                 Aset tidak lancar lainnya terdiri dari uang muka                    Other non-current assets consisted of advances for
      dibalik hanya jika terdapat perubahan asumsi-asumsi         recoverable amount since the last impairment loss                pembelian, uang muka penyertaan saham, piutang                      purchases, advance for purchase of investment,
      yang    digunakan     untuk menentukan       jumlah         was recognized. If that is the case, the carrying                lain-lain, sewa dibayar dimuka dan uang jaminan.                    other receivables, prepaid rent and security
      terpulihkan aset tersebut sejak rugi penurunan nilai        amount of the asset is increased to its recoverable                                                                                  deposits.
      terakhir diakui. Dalam hal ini, jumlah tercatat aset        amount.
      dinaikkan ke jumlah terpulihkannya.                                                                                       u. Transaksi dan saldo dalam mata uang asing                        u. Foreign currency transaction and balance

      Pembalikan rugi penurunan nilai diakui dalam                Reversal of an impairment loss is recognized in the              Transaksi dalam mata uang asing dicatat dalam                       Transactions involving foreign currencies are
      laporan labarugi dan penghasilan komprehensif lain          consolidated statement of profit or loss and other               Rupiah berdasarkan kurs yang berlaku pada saat                      recorded in Indonesian Rupiah at the rates of
      konsolidasian.   Setelah    pembalikan     tersebut,        comprehensive income. After such a reversal, the                 transaksi dilakukan. Pada tanggal pelaporan, aset                   exchange prevailing at the time the transactions
      penyusutan aset tersebut disesuaikan di periode             depreciation charge on the said asset is adjusted in             dan liabilitas moneter dalam mata uang asing                        are made. At the reporting date, monetary assets
      mendatang untuk mengalokasikan jumlah tercatat              future periods to allocate the asset’s revised                   dijabarkan sesuai dengan rata-rata kurs jual dan beli               and liabilities denominated in foreign currencies
      aset yang direvisi, dikurangi nilai sisanya, dengan         carrying amount, less any residual value, on a                   yang diterbitkan oleh Bank Indonesia pada tanggal                   are adjusted to reflect the average of the selling
      dasar yang sistematis selama sisa umur manfaatnya.          systematic basis over its remaining useful life.                 transaksi perbankan terakhir untuk tahun/periode                    and buying rates of exchange prevailing at the last
                                                                                                                                   yang bersangkutan, dan laba atau rugi kurs yang                     banking transaction date of the year/period, as
      Goodwill diuji untuk penurunan nilai setiap tahun           Goodwill is tested for impairment annually and                   timbul, dikreditkan atau dibebankan pada operasi                    published by Bank Indonesia, and any resulting gains
      dan ketika terdapat suatu indikasi bahwa nilai              when circumstances indicate that the carrying value              tahun berjalan.                                                     or losses are credited or charged to current year
      tercatatnya mengalami penurunan nilai. Rugi                 may be impaired. Impairment losses relating to                                                                                       operations.
      penurunan nilai terkait goodwill tidak dapat dibalik        goodwill cannot be reversed in future periods.
      pada periode berikutnya.
Page 109
                                                                      These consolidated financial statements are originally                                                                          These consolidated financial statements are originally
                                                                                issued in Indonesian language                                                                                                   issued in Indonesian language

                                               Ekshibit E/51                                                       Exhibit E/51                                                  Ekshibit E/52                                                     Exhibit E/52

     PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                    PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                          PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                  CATATAN ATAS LAPORAN                                  NOTES TO THE CONSOLIDATED FINANCIAL                                           CATATAN ATAS LAPORAN                              NOTES TO THE CONSOLIDATED FINANCIAL
                 KEUANGAN KONSOLIDASIAN                                              STATEMENTS                                                      KEUANGAN KONSOLIDASIAN                                          STATEMENTS
      TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                              AS OF DECEMBER 31, 2021 AND                                   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                          AS OF DECEMBER 31, 2021 AND
         YANG BERAKHIR PADA TANGGAL TERSEBUT                                  FOR THE YEAR THEN ENDED                                        YANG BERAKHIR PADA TANGGAL TERSEBUT                              FOR THE YEAR THEN ENDED
     (Disajikan dalam Rupiah, kecuali dinyatakan lain)               (Expressed in Rupiah, unless otherwise stated)                      (Disajikan dalam Rupiah, kecuali dinyatakan lain)           (Expressed in Rupiah, unless otherwise stated)

2.    IKHTISAR     KEBIJAKAN      AKUNTANSI      SIGNIFIKAN      2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES                      2.    IKHTISAR     KEBIJAKAN    AKUNTANSI      SIGNIFIKAN     2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
      (Lanjutan)                                                    (Continued)                                                           (Lanjutan)                                                 (Continued)

      u. Transaksi dan saldo dalam mata uang asing                  u. Foreign currency          transaction      and     balance         y. Pengakuan pendapatan dan beban                          y. Revenue and expense recognition
         (Lanjutan)                                                    (Continued)
                                                                                                                                            Grup mengakui pendapatan sesuai dengan PSAK 72,            The Group recognizes revenues in accordance with
         Kurs yang digunakan untuk menjabarkan mata uang               The exchange rates used to translate foreign
                                                                                                                                            “Pendapatan dari Kontrak dengan Pelanggan”,                SFAS 72, “Revenue from Contracts with Customers”,
         asing ke dalam Rupiah adalah sebagai berikut:                 currency into Rupiah are as follows:
                                                                                                                                            dengan melakukan analisa transaksi melalui metode          by performing transaction analysis through the five
                                              31 Desember/        31 Desember/                                                              lima langkah pengakuan pendapatan sebagai                  steps of income recognition model as follows:
                                             December 2021       December 2020                                                              berikut:

         1 Dolar Amerika Serikat (USD)                  14.269            14.105              United States (US) Dollar (US$) 1             1. Mengidentifikasi kontrak dengan pelanggan,              1. Identify contracts with customers;
         1 Dolar Singapura (SGD)                        10.534            10.644                      Singapore Dollar (SGD) 1              2. Mengindentifikasi kewajiban pelaksanaan dalam           2. Identify the performance obligations in the
         1 Euro (EUR)                                   16.127            17.330                        European Euro (EUR) 1                  kontrak. Kewajiban pelaksanaan merupakan                   contract. Performance obligation is a promise in
         1 Yuan China (CNY)                              2.238             2.161                           China Yuan (CNY) 1                  janji-janji dalam kontrak untuk menyerahkan                the contract to deliver goods or services that are
         1 Korea Won (KRW)                                  12                13                           Korea Won (KRW) 1                   barang atau jasa yang memiliki karakteristik               distinct;
                                                                                                                                               berbeda ke pelanggan,
     v. Modal saham dan tambahan Modal Disetor                      v. Share capital and Additional Paid in Capital
                                                                                                                                            3. Menentukan harga transaksi. Harga transaksi             3. Determine the transaction price. Transaction
        Instrumen    keuangan     yang     diterbitkan   oleh                                                                                  merupakan jumlah imbalan yang berhak                       price is the amount of consideration to which an
                                                                       The financial instruments issued by the Company
        Perusahaan di klasifikasikan sebagai ekuitas hanya             are classified as equity only to the extent that they                   diperoleh suatu entitas sebagai kompensasi atas            entity expects to be entitled in exchange for
        sebatas ketika instrumen keuangan tersebut tidak               do not meet the definition of a financial liability or                  diserahkannya barang atau jasa yang dijanjikan             transferring promised goods or services to
        memenuhi definisi aset atau liabilitas keuangan.               financial asset.                                                        ke pelanggan. Jika imbalan yang dijanjikan di              customer. If the consideration promised in a
                                                                                                                                               kontrak mengandung suatu jumlah yang bersifat              contract includes variable amount, the Group
        Saham biasa Perusahaan       diklasifikasikan sebagai          The Company’s ordinary shares are classified as                         variabel, maka Kelompok Usaha membuat                      estimates the amount of consideration to which
        instrumen ekuitas.                                             equity instruments.                                                     estimasi jumlah imbalan tersebut sebesar jumlah            it expects to be entitled in exchange for
                                                                                                                                               yang     diharapkan    berhak   diterima   atas            transferring goods or services to a customer less
        Saham biasa diklasifikasikan sebagai ekuitas.                  Additional paid-in capital is the difference between                    diserahkannya barang atau jasa yang dijanjikan             the estimated amount of service level guarantee
        Tambahan modal disetor merupakan selisih antara                the capital contribution and the nominal value of                       ke pelanggan dikurangi dengan estimasi jumlah              which will be paid during the contract period;
        kontribusi modal dan nilai nominal saham. Biaya yang           the share. All expenses directly related to the                         jaminan kinerja jasa yang akan dibayarkan
        secara langsung terkait dengan penerbitan saham                issuance of share capital are recorded as deductions                    selama periode kontrak,
        disajikan sebagai pengurang tambahan modal disetor.            from additional paid-in capital.
                                                                                                                                            4. Mengalokasikan harga transaksi pada setiap              4. Allocate the transaction price to each
     w. Saldo laba/Defisit                                         w. Retained earnings/Deficit                                                kewajiban pelaksanaan dengan menggunakan                   performance obligation on the basis of the
                                                                                                                                               dasar harga jual berdiri sendir relatif                    relative stand-alone selling prices of each
       Saldo laba/deficit merupakan saldo kumulatif laba              Retained earnings/deficit represent the cumulative                       diperkirakan berdasarkan biaya yang diharapkan             distinct goods or service promised in the
       atau rugi, distribusi dividen, penyesuaian periode             balance of profit or loss, dividend distributions,                       ditambah marjin,                                           contract. Where these are not directly
       sebelumnya, efek dari perubahan kebijakan akuntansi            prior period adjustments, effects of changes in                                                                                     observable, the relative stand-alone selling
       dan penyesuaian modal lainnya.                                 accounting policy and other capital adjustments.                                                                                    prices are estimated based on expected cost plus
                                                                                                                                                                                                          margin;
     x. Penghasilan komprehensif lain                              x. Other comprehensive income                                            5. Mengakui     pendapatan     ketika    kewajiban         5. Recognize revenue when performance obligation
                                                                                                                                               pelaksanaan telah dipenuhi dengan menyerahkan              is satisfied by transferring the goods or service
        Penghasilan komprehensif lainnya adalah item dari             Other comprehensive income are items of income                           barang atau jasa ketika pelanggan telah memiliki           to a customer, which is when the customer
        pendapatan dan biaya yang tidak diakui dalam laba             and expenses that are not recognized in profit or
                                                                                                                                               kendali atas barang atau jasa tersebut (pada               obtains control of that goods or service (at a
        atau rugi tahun berjalan sesuai dengan PSAK.                  loss for the year in accordance with SFAS.
                                                                                                                                               suatu waktu tertentu atau sepanjang waktu).                point in time or over time).

                                                                                                                                            Pendapatan dari kontrak dengan pelanggan diakui            Revenue from contracts from customers is
                                                                                                                                            pada saat kepemilikan aset dialihkan kepada                recognized at the point in time when control of the
                                                                                                                                            pelanggan, umumnya pada saat penyerahan aset               asset is transferred to the customer, generally on
                                                                                                                                            kepada pelanggan. Uang muka yang diperoleh dari            delivery of the assets. Downpayment from
                                                                                                                                            pelangan diakui sebagai liabilitas kontrak.                customers recognized as contract liabilities

                                                                                                                                            Pendapatan kamar diakui pada saat tamu hotel               Hotel room revenue is recognized when the guest
                                                                                                                                            menempati kamar sedangkan pendapatan lainnya               occupies a room while other revenues are
                                                                                                                                            diakui pada saat barang atau jasa diberikan kepada         recognized when goods are delivered or services are
                                                                                                                                            tamu hotel.                                                rendered to the customer.
Page 110
                                                                      These consolidated financial statements are originally                                                                              These consolidated financial statements are originally
                                                                                issued in Indonesian language                                                                                                       issued in Indonesian language

                                              Ekshibit E/53                                                        Exhibit E/53                                                  Ekshibit E/54                                                         Exhibit E/54

     PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                    PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                        PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                      PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                  CATATAN ATAS LAPORAN                                  NOTES TO THE CONSOLIDATED FINANCIAL                                         CATATAN ATAS LAPORAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
                 KEUANGAN KONSOLIDASIAN                                              STATEMENTS                                                    KEUANGAN KONSOLIDASIAN                                                STATEMENTS
      TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                              AS OF DECEMBER 31, 2021 AND                                 TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                AS OF DECEMBER 31, 2021 AND
         YANG BERAKHIR PADA TANGGAL TERSEBUT                                  FOR THE YEAR THEN ENDED                                      YANG BERAKHIR PADA TANGGAL TERSEBUT                                    FOR THE YEAR THEN ENDED
     (Disajikan dalam Rupiah, kecuali dinyatakan lain)               (Expressed in Rupiah, unless otherwise stated)                    (Disajikan dalam Rupiah, kecuali dinyatakan lain)                 (Expressed in Rupiah, unless otherwise stated)

2.    IKHTISAR     KEBIJAKAN      AKUNTANSI      SIGNIFIKAN    2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES                    2.    IKHTISAR     KEBIJAKAN      AKUNTANSI       SIGNIFIKAN     2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
      (Lanjutan)                                                    (Continued)                                                         (Lanjutan)                                                      (Continued)

      y.   Pengakuan pendapatan dan beban (Lanjutan)                y. Revenue and expense recognition (Continued)                      y. Pengakuan pendapatan dan beban (Lanjutan)                     y. Revenue and expense recognition (Continued)
           Pendapatan dari penjualan reak estat diakui,                  Revenue from sale of real estate is recognized if                   Transaksi sewa                                                 Lease transactions
           apabila seluruh kriteria berikut terpenuhi:                   all the following criteria are met:
                                                                                                                                             Pada tanggal permulaan sewa, Grup mengakui aset                The Group recognizes a right-of-use asset and a
           -   Kontrak telah disetujui oleh para pihak dalam             -   The contract has been agreed by the parties
               kontrak                                                                                                                       hak-guna dan liabilitas sewa. Aset hak- guna                   leases liability at the lease’s commencement date.
                                                                             involved in the contract
           -   Grup dapat mengindentifikasi hak dari para                                                                                    diukur pada biaya perolehan, dimana meliputi                   The right- of-use asset is initially measured at
                                                                         -   The Group can identify the rights of the
                                                                                                                                             jumlah pengukuran awal liabilitas sewa yang                    cost, which comprises the initial amount of the
               pihak dan jangka waktu pembayaran atas                        parties involved and the term of payment for
                                                                                                                                             disesuaikan dengan pembayaran sewa yang                        leases liability adjusted for any leases payment
               barang yang akan dialihkan                                    the goods to be transferred
           -   Kontrak memiliki subtansi komersial                                                                                           dilakukan pada atau sebelum tanggal permulaan,                 made at or before the commencement date, plus
                                                                         -   The contract has commercial substance
                                                                                                                                             ditambah dengan biaya langsung awal yang                       any initial direct cost incurred. The right-of-use
           Kemungkinan besar Grup akan menerima imbalan                  It is probable that the Group will receive benefits                 dikeluarkan. Aset hak-guna diamortisasi dengan                 asset is amortised over the straight- line method
           atas barang yang dialihkan.                                   for the goods transferred.                                          menggunakan metode garis lurus sepanjang jangka                throughout the lease term.
                                                                                                                                             waktu sewa.
           Beban diakui pada saat terjadinya menggunakan                 Expenses are recognized when incurred using
           metode akrual. Beban pokok penjualan tanah                    accrual method. The cost of land sold is                            Liabilitas sewa diukur pada nilai kini pembayaran              The lease liability is initially measured at the
           ditentukan berdasarkan harga perolehan tanah.                 determined based on the acquisition cost of the                     sewa yang belum dibayar pada tanggal permulaan,                present value of the lease payments that are not
                                                                         land.                                                               didiskontokan dengan menggunakan suku bunga                    paid at the commencement date, discounted using
                                                                                                                                             implisit dalam sewa atau jika suku bunga tersebut              the interest rate implicit in the lease or, if that
           Transaksi sewa                                               Lease transactions                                                   tidak dapat ditentukan, maka menggunakan suku                  right cannot be readily determined, using
                                                                                                                                             bunga pinjaman inkremental.                                    incremental borrowing rate.
           Pada tanggal permulaan kontrak, Grup menilai                 At the inception of a contract, the Group assesses
           apakah kontrak merupakan atau mengandung                     whether the contract is or contains a leases.                        Pembayaran sewa dialokasikan menjadi bagian                    Each lease payment is allocated into the lease
           sewa.
                                                                                                                                             pokok dan biaya bunga. Biaya bunga dibebankan                  liabilities and interest cost. The interest cost is
           Suatu kontrak merupakan atau mengandung                                                                                           pada laba rugi selama periode sewa sehingga                    charged to profit or loss over the leases period so
                                                                        A contract is or contains a lease if the contract
           kontrak   tersebut   memberikan       hak   untuk                                                                                 menghasilkan tingkat suku bunga periodik yang                  as to produce a constant periodic rate of interest
                                                                        conveys the right to control the use of an
           mengendalikan penggunaan aset identifikasian                                                                                      konstan atas saldo liabilitas untuk setiap periode.            on the remaining balance of the liability for each
                                                                        identified asset for a period of time in exchange
           selama suatu jangka waktu untuk dipertukarkan                for consideration. The Group can choose not to 61                                                                                   period.
           dengan imbalan. Grup dapat memilih untuk tidak               ecognize the right-of-use asset and lease
           mengakui aset hak-guna dan liabilitas sewa untuk:                                                                            z.   Pajak penghasilan                                          z. Income tax
                                                                        liabilities for:

           -   Sewa jangka pendek; dan                                  -    Short-term lease; and,                                          Pajak final                                                    Final tax
           -   Sewa yang aset pendasarnya bernilai rendah               -    Low-value assets
                                                                                                                                             Peraturan perpajakan di Indonesia mengatur                      Tax regulation in Indonesia determined that
           Untuk menilai apakah kontrak memberikan hak                  To assess whether a contract conveys the right to                    beberapa jenis penghasilan dikenakan pajak yang                 certain taxable income is subject to final tax.
           untuk      mengendalikan      penggunaan   aset              control the use of an identified asset, the Group                    bersifat final. Pajak final yang dikenakan atas                 Final tax applied to the gross value of transactions
           identifikasian, Grup harus menilai apakah:                   shall assess whether:                                                nilai bruto transaksi tetap dikenakan walaupun                  is applied even when the parties carrying the
                                                                                                                                             atas    transaksi   tersebut   pelaku  transaksi                transaction recognizing losses. The Group decided
           Grup memiliki hak untuk mendapatkan secara                   The Group has the right to obtain substantially all                  mengalami kerugian. Grup memutuskan untuk                       to present the final tax expense relating to
           substansial secara ekonomi dari penggunaan aset              the economic benefit from use of the asset                           menyajikan beban pajak final sehubungan dengan                  interest income from banks and time deposits as a
           indetifikasian; dan                                          throughout the period of use; and                                    pendapatan bunga dari bank dan deposito                         separate item.
                                                                                                                                             berjangka sebagai pos tersendiri.
           Grup memiliki hak untuk mengarahkan penggunaan               The Group has the right to direct the use of the
           aset indentifikasian. Grup emiliki hak untuk                 asset. The Group owns this right when it has a                       Mengacu pada revisi PSAK No. 46 (Revisi 2014),                  Referring to SFAS No. 46 (Revised 2014) final tax is
           pengambilan keputusan yang revelan tentang                   relevant decision making right to change how and                     pajak final tersebut tidak termasuk dalam lingkup               no longer governed by SFAS No. 46. Therefore, the
           bagaimana dan untuk tujuan apa aset digunakan                for   what     purpose   the    asset   is  used                     yang diatur oleh PSAK No. 46. Oleh karena itu,                  Company and its subsidiaries has decided to
           telah ditentukan sebelumnya dan:                             predeterminately and:                                                Perusahaan dan entitas anak memutuskan untuk                    present all of the final tax arising from real
           Grup memiliki hak untuk mengoperasikan aset;                                                                                      menyajikan pajak final sehubungan dengan                        estate activities and rent as a separate line item.
                                                                        The Group has the right to operate the asset; and;
           dan                                                                                                                               aktivitas real estat dan sewa sebagai pos
                                                                                                                                             tersendiri.
           Grup telah mendesain aset dengan cara                        The Group has designed the asset in a way that
           menetapkan sebelumnya bagaimana dan untuk                    predetermines how and for what purpose it will
           tujuan apa aset akan digunakan selama periode                be used.
           penggunaan.
Page 111
                                                                   These consolidated financial statements are originally                                                                      These consolidated financial statements are originally
                                                                             issued in Indonesian language                                                                                               issued in Indonesian language

                                            Ekshibit E/55                                                       Exhibit E/55                                              Ekshibit E/56                                                     Exhibit E/56

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                  PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                       PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                                NOTES TO THE CONSOLIDATED FINANCIAL                                        CATATAN ATAS LAPORAN                              NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                            STATEMENTS                                                   KEUANGAN KONSOLIDASIAN                                          STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                            AS OF DECEMBER 31, 2021 AND                                TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                          AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                                FOR THE YEAR THEN ENDED                                     YANG BERAKHIR PADA TANGGAL TERSEBUT                              FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)             (Expressed in Rupiah, unless otherwise stated)                   (Disajikan dalam Rupiah, kecuali dinyatakan lain)           (Expressed in Rupiah, unless otherwise stated)

2. IKHTISAR        KEBIJAKAN   AKUNTANSI       SIGNIFIKAN     2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES                    2. IKHTISAR     KEBIJAKAN     AKUNTANSI      SIGNIFIKAN     2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
   (Lanjutan)                                                    (Continued)                                                      (Lanjutan)                                                  (Continued)

   z. Pajak penghasilan (Lanjutan)                               z. Income tax (Continued)                                        z. Pajak penghasilan (Lanjutan)                            z. Income tax (Continued)

      Sesuai dengan Peraturan Pemerintah No. 5 tanggal              Based on the Government Regulation No. 5 on                      Jumlah tambahan pokok dan denda pajak yang                 The amounts of additional tax principal and penalty
      23 Maret 2002, pajak penghasilan untuk pendapatan             March 23, 2002, income from rental of office space               ditetapkan dengan Surat Ketetapan Pajak (SKP)              imposed through a tax assessment letter (SKP) are
      ruang perkantoran dan pusat ritel dikenakan pajak             and retail center is subject to a final tax of 10%               diakui sebagai pendapatan atau beban dalam                 recognized as income or expense in the current year
      bersifat final sebesar 10% dari nilai pendapatan yang         from the related income.                                         laporan laba rugi dan penghasilan komprehensif lain        of the consolidated statement of profit or loss and
      bersangkutan.                                                                                                                  konsolidasian tahun berjalan, kecuali jika diajukan        other comprehensive income, unless further
                                                                                                                                     upaya penyelesaian selanjutnya. Jumlah tambahan            settlement is submitted. The amounts of tax
      Pada tanggal 8 Agustus 2016, sesuai dengan                    On August 8, 2016, based on the Government                       pokok pajak dan denda yang ditetapkan dengan SKP           principal and penalty imposed through SKP are
      Peraturan Pemerintah No. 34/2016 dan Peraturan                Regulation No. 34/2016, and Ministry of Finance                  ditangguhkan pembebanannya sepanjang memenuhi              deferred as long as they meet the asset recognition
      Menteri Keuangan No.261/PMK.03/2016, pajak                    Regulation No.261/PMK.03/2016, income from sale                  kriteria pengakuan aset.                                   criteria.
      penghasilan dari pengalihan hak atas tanah                    of land and/or buildings subject to final tax of
      dan/bangunan dikenakan pajak bersifat final sebesar           2.5%. Interest income from bank and time deposits                Koreksi atas liabilitas pajak diakui pada saat             Amendments to taxation obligations are recorded
      2,5%. Pendapatan bunga dari bank dan deposito                 are subjected to final tax amounting to 20%.                     Surat ketetapan pajak diterima, atau apabila               when an assessment is received or, if objection and
      berjangka dikenakan pajak final 20%.                                                                                           diajukan keberatan dan atau banding, maka koreksi          or appeal are applied, when the results of the
                                                                                                                                     diakui pada saat keputusan atas keberatan dan atau         objection and or appeal have been determined.
      Pajak penghasilan tidak final                                 Non-final income tax                                             banding tersebut diterima.

      Perusahaan dan entitas anaknya memperhitungkan                The Company and its subsidiaries account for the                 Pajak tangguhan                                            Deferred tax
      konsekuensi pajak kini dan pajak masa depan atas              income tax current and income tax future recovery
      pemulihan di masa depan (penyelesaian) dari jumlah            (settlement) of the carrying amount of assets                    Pajak tangguhan diukur dengan metode liabilitas            Deferred tax is provided using the liability method
      tercatat aset (liabilitas) yang diakui dalam laporan          (liabilities) that are recognized in the consolidated            atas beda waktu pada tanggal pelaporan antara              on temporary differences at the reporting date
      posisi keuangan konsolidasian, dan transaksi-                 statement of financial position; and transactions                dasar pengenaan pajak untuk aset dan liabilitas            between the tax bases of assets and liabilities and
      transaksi serta peristiwa lain yang terjadi dalam             and other events of the current period that are                  dengan nilai tercatatnya untuk tujuan pelaporan            their carrying amounts for financial reporting
      periode berjalan yang diakui dalam laporan                    recognized in the consolidated financial statements.             keuangan. Liabilitas pajak tangguhan diakui untuk          purposes. Deferred tax liabilities are recognized for
      keuangan konsolidasian.                                                                                                        semua perbedaan temporer kena pajak dengan                 all taxable temporary differences with certain
                                                                                                                                     beberapa pengecualian. Aset pajak tangguhan diakui         exceptions. Deferred tax assets are recognized for
      Pajak kini                                                    Current tax                                                      untuk perbedaan temporer yang boleh dikurangkan            deductible temporary differences and tax losses
                                                                                                                                     dan rugi fiskal belum dikompensasi sejauh terdapat         carryforwards to the extent that it is probable that
      Aset dan liabilitas pajak kini untuk tahun berjalan           Current income tax assets and liabilities for the                kemungkinan besar bahwa jumlah laba kena pajak             taxable income will be available in the future years
      dan tahun-tahun sebelumnya diukur pada jumlah                 current and prior years are measured at the amount               pada masa mendatang akan tersedia untuk                    against which the deductible temporary differences
      yang diharapkan akan terpulihkan atau yang akan               expected to be recovered from or paid to the                     dimanfaatkan dengan perbedaan temporer yang                and tax losses carryforwards can be utilized.
      dibayarkan kepada otoritas pajak. Tarif pajak dan             taxation authorities. The tax rates and tax laws                 dapat dikurangkan dan rugi fiskal belum
      peraturan perpajakan yang digunakan untuk                     used to compute the amount are those that are                    dikompensasi.
      menghitung jumlah pajak adalah tarif pajak yang               enacted or substantively enacted, at the reporting
      berlaku atau secara substansial telah berlaku pada            date, in the countries where the Company and its                 Aset pajak tangguhan direviu pada setiap tanggal           Deferred tax assets are reviewed at every reporting
      tanggal pelaporan, di negara dimana Perusahaan dan            subsidiaries operates and generates taxable income.              pelaporan    dan   jika    diperlukan, dilakukan           date and adjusted as appropriate at such date.
      entitas anaknya beroperasi dan menghasilkan laba                                                                               penyesuaian pada tanggal tersebut.
      kena pajaknya.
                                                                                                                                     Aset dan liabilitas pajak tangguhan disajikan di           Deferred tax assets and liabilities are offset in the
      Pajak kini yang terkait dengan komponen yang                  Current income tax relating to items recognized                  laporan posisi keuangan konsolidasian atas dasar           consolidated statement of financial position, except
      diakui langsung ke ekuitas diakui di ekuitas dan              directly in equity is recognized in equity and not in            saling hapus (offset), kecuali aset dan liabilitas         for different legal entities, in the same manner the
      tidak ke laporan laba rugi dan penghasilan                    the consolidated statement of profit or loss and                 pajak tangguhan untuk entitas yang berbeda, sesuai         current tax assets and liabilities are presented.
      komprehensif lain konsolidasian. Manajemen secara             other     comprehensive      income.     Management              penyajian aset dan liabilitas pajak kini masing-
      periodik    mengevaluasi   posisi    yang  diambil            periodically evaluates positions taken in the tax                masing entitas tersebut.
      sehubungan dengan pelaporan pajak untuk situasi               returns with respect to situations in which
      dimana     relevan  pajak    terkait    memerlukan            applicable tax regulations are subject to                        Pajak tangguhan dihitung dengan menggunakan tarif          Deferred tax is calculated at the tax rates that have
      interpretasi dan melakukan pencadangan jika                   interpretation and establishes provisions where                  pajak yang berlaku atau secara substansial telah           been enacted or substantively enacted at
      diperlukan.                                                   appropriate.                                                     berlaku pada tanggal laporan posisi keuangan               consolidated statement of financial position date.
                                                                                                                                     konsolidasian. Perubahan nilai tercatat aset dan           Changes in the carrying amount of deferred tax
      Bunga dan denda untuk kekurangan atau kelebihan               Interest and penalties for the underpayment or                   liabilitas pajak tangguhan yang disebabkan oleh            assets and liabilities due to a change in tax rates
      pembayaran pajak penghasilan, jika ada, dicatat               overpayment of income tax, if any, to be presented               perubahan tarif pajak dibebankan pada tahun                are credited or charged to current year operations,
      sebagai bagian dari “Beban Pajak” dalam dalam                 as part of “Tax Expense” in the consolidated                     berjalan, kecuali untuk transaksi-transaksi yang           except to the extent that they relate to items
      laporan laba rugi dan penghasilan komprehensif lain           statement of profit or loss and other comprehensive              sebelumnya telah langsung dibebankan atau                  previously charged or credited to equity.
      konsolidasian.                                                income.                                                          dikreditkan ke ekuitas.
Page 112
                                                                 These consolidated financial statements are originally                                                                              These consolidated financial statements are originally
                                                                           issued in Indonesian language                                                                                                       issued in Indonesian language

                                             Ekshibit E/57                                                    Exhibit E/57                                                     Ekshibit E/58                                                      Exhibit E/58

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                 PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                        PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                      PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                               NOTES TO THE CONSOLIDATED FINANCIAL                                         CATATAN ATAS LAPORAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                           STATEMENTS                                                    KEUANGAN KONSOLIDASIAN                                                STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                           AS OF DECEMBER 31, 2021 AND                                 TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                               FOR THE YEAR THEN ENDED                                      YANG BERAKHIR PADA TANGGAL TERSEBUT                                    FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)            (Expressed in Rupiah, unless otherwise stated)                    (Disajikan dalam Rupiah, kecuali dinyatakan lain)                 (Expressed in Rupiah, unless otherwise stated)

2. IKHTISAR KEBIJAKAN AKUNTANSI SIGNIFIKAN (Lanjutan)        2. SUMMARY OF        SIGNIFICANT     ACCOUNTING        POLICIES   2. IKHTISAR       KEBIJAKAN       AKUNTANSI       SIGNIFIKAN      2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
                                                                (Continued)                                                       (Lanjutan)                                                        (Continued)

   aa. Provisi                                                 aa. Provisions                                                     bb. Liabilitas atas imbalan pasca-kerja(Lanjutan)                bb. Post-employment benefits liability (Continued)

      Provisi diakui jika Perusahaan dan entitas anaknya          Provisions are recognized when the Company and its                 Pengukuran kembali, terdiri atas keuntungan dan                  Remeasurements, comprising of actuarial gains and
      memiliki kewajiban kini (baik bersifat hukum                subsidiaries have a present obligation (legal or                   kerugian aktuarial, dampak batas atas aset, tidak                losses, the effect of the asset ceiling, excluding
      maupun bersifat konstruktif) jika, sebagai akibat           constructive) where, as a result of a past event, it               termasuk jumlah yang dimasukkan dalam bunga neto                 amounts included in net interest on the net defined
      peristiwa    masa     lalu,   besar   kemungkinan           is probable that an outflow of resources embodying                 atas liabilitas imbalan pasti neto, dan imbal hasil              benefit liability and the return on plan assets
      penyelesaian kewajiban tersebut mengakibatkan               economic benefits will be required to settle the                   atas aset program (tidak termasuk jumlah yang                    (excluding amounts included in net interest on the
      arus keluar sumber daya yang mengandung manfaat             obligation and a reliable estimate can be made of                  dimasukkan dalam bunga neto atas liabilitas imbalan              net defined benefit liability), are recognized
      ekonomi dan total kewajiban tersebut dapat                  the amount of the obligation.                                      pasti neto), diakui secara langsung pada laporan                 immediately in the statement of financial position
      diestimasi secara andal.                                                                                                       posisi keuangan dengan mendebet atau mengkredit                  with a corresponding debit or credit to retained
                                                                                                                                     saldo laba melalui penghasilan komprehensif lainnya              earnings through other comprehensive income in
      Provisi ditelaah pada setiap tanggal pelaporan dan          Provisions are reviewed at each reporting date and                 pada periode terjadinya. Pengukuran kembali tidak                the period in which they occur. Remeasurements
      disesuaikan untuk mencerminkan estimasi terbaik             adjusted to reflect the current best estimate. If it               direklasifikasi ke laba atau rugi pada periode                   are not reclassified to profit or loss in subsequent
      yang paling kini. Jika kemungkinan besar tidak              is no longer probable that an outflow of resources                 berikutnya.                                                      periods.
      terjadi arus keluar sumber daya yang mengandung             embodying economic benefits will be required to
                                                                                                                                     Biaya jasa lalu diakui dalam laba atau rugi pada                 Past service costs are recognised in profit or loss on
      manfaat ekonomi untuk menyelesaikan kewajiban               settle the obligation, the provision is reversed.
                                                                                                                                     awal:                                                            the earlier of:
      tersebut, maka provisi dibatalkan.
                                                                                                                                     •     tanggal amendemen atau kurtailmen program                  •     the date of the plan amendment or curtailment,
   bb. Liabilitas atas imbalan pasca-kerja                     bb. Post-employment benefits liability                                      terjadi, dan                                                     and
                                                                                                                                     •     tanggal      Perusahaan mengakui     biaya                 •     the date the Company recognizes related
      Perusahaan dan entitas anaknya mengakui estimasi            The Company and its subsidiaries recognized a                            restrukturisasi terkait                                          restructuring costs
      liabilitas imbalan kerja sesuai dengan Undang-              provision for employee benefits in accordance with                 Bunga neto ditentukan dengan mengalikan liabilitas               Net interest is calculated by applying the discount
      Undang Cipta Kerja No.11 tanggal 2 November 2020            the Job Creation Law No. 11 Year 2020 dated                        atau aset imbalan pasti neto dengan tingkat                      rate to the net defined benefit liability or asset.
      untuk tahun yang berakhir pada              tanggal         2 November 2020 for the year ended December 31,                    diskonto. Perusahaan mengakui perubahan dalam                    The Company recognizes the following changes in
      31     Desember    2021  dan    Undang      Undang          2021 and Labor Law No. 13 Year 2003 on March 25,                   kewajiban imbalan pasti pada laporan laba rugi dan               the net defined benefit obligation in the
      Ketenagakerjaan No. 13/2003 tanggal 25 Maret 2003           2003 for the year ended December 31, 2020. In                      penghasilan komprehensif lain konsolidasian:                     consolidated statement of profit or loss and other
      untuk tahun yang berakhir pada tanggal                      accordance with this law, the Company and its                                                                                       comprehensive income:
      31 Desember 2020. Sesuai dengan Undang Undang               subsidiaries are required to pay severance, gratuity
      tersebut,    Perusahaan  dan    entitas   anaknya           and compensation benefits if certain conditions in                 •     Biaya jasa yang terdiri dari biaya jasa kini, biaya        •     Service costs comprising current service costs,
      diharuskan membayar uang pesangon, penghargaan              this law are met.                                                        jasa lalu, keuntungan dan kerugian pada                          past-service costs, gains and losses on
      masa kerja, dan kompensasi manfaat jika kondisi                                                                                      kurtailmen dan penyelesaian non-rutin                            curtailments and non-routine settlements
      tertentu dalam Undang Undang ini terpenuhi.                                                                                    •     Beban atau pendapatan bunga neto                           •     Net interest expense or income
                                                                                                                                     Keuntungan atau kerugian atas kurtailmen atau                    Gains or losses on the curtailment or settlement of
      Perusahaan (hanya Hotel Alila Ubud dan Alila Villas         The Company (only Alila Ubud Hotel and Alila Villas                penyelesaian suatu program imbalan pasti diakui                  a defined benefit plan are recognized when the
      Uluwatu) menyelenggarakan program pensiun iuran             Uluwatu) established a defined contribution pension                ketika kurtailmen atau penyelesaian terjadi.                     curtailment or settlement occurs.
      pasti untuk semua karyawan tetapnya yang                    plan to cover its permanent employees employed
      dipekerjakan setelah 3 tahun, yang dikelola oleh            after 3 years which is managed by DPLK AIA                         Kurtailmen terjadi apabila salah satu dari kondisi               A curtailment occurs when an entity either:
      DPLK AIA Financial. Kontribusi dilakukan oleh Hotel         Financial. Contribution is made monthly by Alila                   berikut terpenuhi:
      Alila Ubud setiap bulan sebesar 4% dan 5% dari gaji         Ubud Hotel at a rate of 4% and 5% from monthly
                                                                                                                                      i.    Menunjukkan komitmennya untuk mengurangi                  i.     Is demonstrably committed to make a
      bulanan karyawan yang bersangkutan masing-masing            salary of those employees for employees with
                                                                                                                                            secara signifikan jumlah pekerja yang                            significant reduction in the number of
      untuk karyawan yang telah bekerja selama 3 tahun            working period for 3 years but less than 5 years and
                                                                                                                                            ditanggung oleh program; atau                                    employees covered by a plan; or
      tapi kurang dari 5 tahun dan untuk karyawan yang            for employee with working period for 5 years or
      telah bekerja selama 5 tahun atau lebih. Sedangkan          more, respectively. Meanwhile, contribution is                     ii.    Mengubah ketentuan dalam program imbalan                  ii.    Amends the terms of a defined benefit plan so
      kontribusi dilakukan oleh Alila Villa Uluwatu setiap        made monthly by Alila Villas Uluwatu at a rate of                         pasti yang menyebabkan bagian yang signifikan                    that a significant element of future service by
      bulan sebesar 5% dari gaji bulanan karyawan.                5% from monthly salary. The shortage of benefits                          dari jasa masa depan pekerja tidak lagi                          current employees will no longer qualify for
      Kekurangan antara imbalan pasca-kerja berdasarkan           provided by the pension plans against the benefits                        memberikan     imbalan    atau  memberikan                       benefits, or will qualify only for reduced
      program pensiun dengan imbalan berdasarkan                  based on the Company’s policy with reference to                           imbalan yang lebih rendah.                                       benefits.
      kebijakan Perusahaan yang berpedoman pada                   the prevailing law and regulations is accounted for
      peraturan atau perundangan yang berlaku diakui              as post-employment benefits plan.                                  Penyelesaian program terjadi ketika Perusahaan                   A settlement occurs when the Company enters into
      sebagai kewajiban imbalan pasca-kerja.                                                                                         melakukan transaksi yang menghapuskan semua                      a transaction that eliminates all further legal or
                                                                                                                                     kewajiban hukum atau konstruktif atas sebagian                   constructive obligation for part or all of the
      Pembebanan biaya untuk imbalan kerja karyawan               The cost of providing employee benefits is                         atau seluruh imbalan dalam program imbalan pasti.                benefits provided under a defined benefit plan.
      ditentukan dengan menggunakan metode penilaian              determined using the “projected unit credit”
      aktuaria “projected unit credit”.                           actuarial valuation method.
Page 113
                                                                 These consolidated financial statements are originally                                                                       These consolidated financial statements are originally
                                                                           issued in Indonesian language                                                                                                issued in Indonesian language

                                             Ekshibit E/59                                                    Exhibit E/59                                                Ekshibit E/60                                                    Exhibit E/60

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                  PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                     PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                  PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                NOTES TO THE CONSOLIDATED FINANCIAL                                      CATATAN ATAS LAPORAN                                NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                            STATEMENTS                                                 KEUANGAN KONSOLIDASIAN                                            STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                            AS OF DECEMBER 31, 2021 AND                              TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                            AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                FOR THE YEAR THEN ENDED                                   YANG BERAKHIR PADA TANGGAL TERSEBUT                                FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)             (Expressed in Rupiah, unless otherwise stated)                 (Disajikan dalam Rupiah, kecuali dinyatakan lain)             (Expressed in Rupiah, unless otherwise stated)

2. IKHTISAR     KEBIJAKAN      AKUNTANSI       SIGNIFIKAN    2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES                   3. PENGGUNAAN PERTIMBANGAN, ESTIMASI, DAN ASUMSI             3. SIGNIFICANT ACCOUNTING JUDGEMENTS, ESTIMATES
   (Lanjutan)                                                   (Continued)                                                     SIGNIFIKAN OLEH MANAJEMEN                                    AND ASSUMPTIONS BY MANAGEMENT

   cc. Laba (rugi) per saham dasar                             cc. Basic earnings (loss) per share                             Pertimbangan                                                 Judgments

      Laba (rugi) per saham dasar dihitung dengan                 Basic earnings (loss) per share is calculated by             Pertimbangan berikut ini dibuat oleh manajemen dalam         The following judgments are made by management in
      membagi laba (rugi) tahun berjalan yang dapat               dividing income (loss) for the year attributable to          rangka penerapan kebijakan akuntansi Grup yang               the process of applying the Group’s accounting policies
      diatribusikan kepada pemilik entitas induk dengan           equity holders of the parent entity by the weighted          memiliki pengaruh sangat signifikan atas jumlah yang         that have the most significant effects on the amounts
      jumlah rata-rata tertimbang saham beredar selama            average number of shares outstanding during the              diakui dalam laporan keuangan konsolidasian:                 recognized in the consolidated financial statements:
      peiode yang bersangkutan.                                   period.
                                                                                                                               Sewa                                                         Leases
      Jumlah rata-rata tertimbang lembar saham beredar            The weighted average number of outstanding shares
      yang digunakan sebagai pembagi dalam menghitung             used in computing the basic earnings (loss) per              Penentuan apakah suatu perjanjian mengandung unsur           Determining whether an arrangement is or contains a
      laba (rugi) per saham dasar pada tanggal-tanggal            Share as of December 31, 2021 and 2020 totaled               sewa membutuhkan pertimbangan yang cermat untuk              lease requires careful judgement to assess whether the
      31 Desember 2021 dan 2020 sebesar 6.811.269.200             6,811,269,200 shares.                                        menilai apakah perjanjian tersebut memberikan hak            arrangement conveys a right to obtain substantially all
      lembar saham.                                                                                                            untuk mendapatkan secara subtansial seluruh manfaat          the economic benefits from use of the asset throughout
                                                                                                                               ekonomi dari penggunaan aset identifikasian dan hak          the period of use and right to direct the use of the
      Laba (rugi) per saham dilusian memiliki jumlah yang         Diluted earnings (loss) per share has the same               untuk mengarahkan penggunaan aset identifikasian,            asset, even if the right is not explicit specified in the
      sama dengan laba (rugi) per saham dasar                     amount with basic earnings (loss) per share since            bahkan jika hak tersebut tidak dijabarkan secara             arrangement.
      dikarenakan tidak adanya efek yang berpotensi               there are no securities with potential dilutive              eksplisit di perjanjian.
      dilutif.                                                    effect.
                                                                                                                               Grup mempunyai beberapa perjanjian sewa di mana              The Group has various lease agreements where the
   dd. Kontinjensi                                             dd. Contingencies                                               Grup bertindak sebagai penyewa atau pesewa untuk             Group acts as either a lessee or lessor in respect of
                                                                                                                               beberapa aset tetap tertentu. Grup mengevaluasi              certain assets. The Group evaluates whether significant
      Liabilitas kontinjensi tidak diakui di dalam laporan        Contingent liabilities are not recognized in the             apakah terdapat risiko dan manfaat kepemilikan yang          risks and rewards of ownership of the leased asset are
      keuangan. Liabilitas kontinjensi diungkapkan di             consolidated financial statements. They are                  signifikan dari aset sewa yang dialihkan kepada penyewa      transferred to the lessee or retained by the Group
      dalam catatan atas laporan keuangan konsolidasian           disclosed in the notes to the financial statements           atau tetap ada pada Grup berdasarkan PSAK 73 yang            based on SFAS 73, which requires the Group to make
      kecuali kemungkinan arus keluar sumber daya                 unless the possibility of an outflow of resources            mensyaratkan Grup untuk membuat pertimbangan                 judgements of transfer of risks and rewards of
      ekonomi adalah kecil.                                       embodying economic benefits is remote.                       pengalihan risiko dan manfaat terkait dengan                 ownership of leased asset.
                                                                                                                               kepemilikan aset yang disewa.
      Aset kontinjensi tidak diakui di dalam laporan              Contingent assets are not recognized in the
      keuangan, namun diungkapkan di dalam catatan                consolidated financial statements but are disclosed          Klasifikasi aset dan liabilitas keuangan                     Classification of financial assets and financial liabilities
      atas laporan keuangan konsolidasian jika terdapat           in the notes to the financial statements when an
      kemungkinan suatu arus masuk manfaat ekonomis               inflow of economic benefits is probable.                     Grup menetapkan klasifikasi atas aset dan liabilitas         The Group determines the classification of certain
      mengalir ke dalam entitas.                                                                                               tertentu sebagai aset keuangan dan liabilitas keuangan       assets and liabilities as financial assets and financial
                                                                                                                               dengan mempertimbangkan bila definisi yang ditetapkan        liabilities by judging if they meet the definition
   ee. Peristiwa setelah periode pelaporan                     ee. Events after the reporting period                           PSAK 71. Dengan demikian, aset keuangan dan liabilitas       set forth in SFAS 71. Accordingly, the financial assets
                                                                                                                               keuangan diakui sesuai dengan kebijakan akuntansi Grup       and financial liabilities are accounted for in accordance
      Peristiwa setelah periode pelaporan menyajikan              Events after the reporting period that provide               seperti diungkapkan pada Catatan 2g-1 dan 2g-2.              with the Group’s accounting policies disclosed in
      bukti kondisi yang terjadi pada akhir periode               evidence of conditions that existed at the end of                                                                         Notes 2g-1 and 2g-2.
      pelaporan (peristiwa penyesuaian) yang dicerminkan          the reporting period (adjusting events) are
      di dalam laporan keuangan konsolidasian.                    reflected in the consolidated financial statements.

      Peristiwa setelah periode pelaporan yang bukan              Events after the reporting period that are not
      merupakan peristiwa penyesuaian, diungkapkan di             adjusting events are disclosed in the notes to the
      dalam catatan atas laporan keuangan konsolidasian           consolidated financial statements when material.
      bila material.
Page 114
                                                                   These consolidated financial statements are originally                                                                             These consolidated financial statements are originally
                                                                             issued in Indonesian language                                                                                                      issued in Indonesian language

                                             Ekshibit E/61                                                        Exhibit E/61                                                  Ekshibit E/62                                                      Exhibit E/62

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                    PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                        PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                     PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                  NOTES TO THE CONSOLIDATED FINANCIAL                                         CATATAN ATAS LAPORAN                                   NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                              STATEMENTS                                                    KEUANGAN KONSOLIDASIAN                                               STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                              AS OF DECEMBER 31, 2021 AND                                 TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                               AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                  FOR THE YEAR THEN ENDED                                      YANG BERAKHIR PADA TANGGAL TERSEBUT                                   FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)               (Expressed in Rupiah, unless otherwise stated)                    (Disajikan dalam Rupiah, kecuali dinyatakan lain)                (Expressed in Rupiah, unless otherwise stated)

3. PENGGUNAAN PERTIMBANGAN, ESTIMASI, DAN ASUMSI               3. SIGNIFICANT ACCOUNTING JUDGEMENTS, ESTIMATES                    3. PENGGUNAAN PERTIMBANGAN, ESTIMASI, DAN ASUMSI                3. SIGNIFICANT ACCOUNTING JUDGEMENTS, ESTIMATES
   SIGNIFIKAN OLEH MANAJEMEN (Lanjutan)                           AND ASSUMPTIONS BY MANAGEMENT (Continued)                          SIGNIFIKAN OLEH MANAJEMEN (Lanjutan)                            AND ASSUMPTIONS BY MANAGEMENT (Continued)

  Penyisihan atas kerugian penurunan nilai atas piutang-         Allowance for impairment           losses   on    receivables-     Revaluasi aset tetap                                            Revaluation of fixed assets
  evaluasi individual                                            individual assessments
                                                                                                                                    Revaluasi aset tetap Perusahaan dan entitas anak                The Company and its subsidiaries’ fixed assets
                                                                                                                                    bergantung pada pemilihan asumsi yang digunakan oleh            revaluation depends on its selection of certain
  Grup mengevaluasi akun-akun tertentu jika terdapat             The Group evaluates specific accounts where it has
                                                                                                                                    penilai independen dalam menghitung jumlah-jumlah               assumptions used by the independent appraisal in
  informasi bahwa pelanggan dan debitur yang                     information that certain customers and debitor are                 tersebut. Asumsi tersebut termasuk antara lain: tingkat         calculating such amounts. Those assumptions include
  bersangkutan tidak dapat memenuhi kewajiban                    unable to meet their financial obligations. In these               diskonto, nilai tukar, tingkat inflasi dan tingkat kenaikan     among others, discount rate, exchange rate, inflation
  keuangannya.       Dalam     hal     tersebut,   Grup          cases, the Group uses judgment, based on the best                  pendapatan dan biaya. Perusahaan dan entitas anaknya            rate and revenue and cost increase rate. The Company
  mempertimbangkan, berdasarkan fakta dan situasi yang           available facts and circumstances, including but not               berkeyakinan bahwa asumsi tersebut adalah wajar dan             and its subsidiaries believe that their assumptions are
  tersedia, termasuk namun tidak terbatas pada, jangka           limited to, the length of its relationship with them and           sesuai, perbedaan signifikan dalam asumsi yang                  reasonable and appropriate and significant differences
  waktu hubungan dengan mereka dan status kredit dan             the customer’s current credit status and known market              ditetapkan Perusahaan dan entitas anaknya dapat                 in the Company and its subsidiaries’ assumptions may
  faktor pasar yang telah diketahui, untuk mencatat              factors, to record specific provisions for customers and           mempengaruhi secara material nilai aset tetap yang              materially affect the valuation of their fixed assets.
                                                                                                                                    direvaluasi. Penjelasan lebih rinci diungkapkan dalam           Further details are disclosed in Note 12.
  penyisihan spesifik atas jumlah piutang pelanggan dan          debitor against amounts due to reduce its receivable               Catatan 12.
  debitur guna mengurangi jumlah piutang yang                    amounts that the Group expects to collect.
  diharapkan dapat diterima oleh Grup.                                                                                              Liabilitas imbalan pasca-kerja                                  Post-employment benefits liability

  Penyisihan spesifik ini dievaluasi kembali dan                 These specific provisions are re-evaluated and adjusted            Penentuan kewajiban dan biaya pensiun dan liabilitas            The determination of the Company and its subsidiaries’
  disesuaikan jika tambahan informasi yang diterima              as additional information received affects the amounts             imbalan kerja Perusahaan dan entitas anaknya                    cost for pension and employee benefits liability is
  mempengaruhi jumlah penyisihan kerugian penurunan              of allowance for impairment losses on receivables.                 bergantung pada pemilihan asumsi yang digunakan oleh            dependent on its selection of certain assumptions used
  nilai atas piutang.                                                                                                               aktuaris independen dalam menghitung jumlah-jumlah              by the independent actuaries in calculating such
                                                                                                                                    tersebut. Asumsi tersebut termasuk antara lain, tingkat         amounts. Those assumptions include, among others,
  Usaha yang berkelanjutan                                       Going concern                                                      diskonto, tingkat kenaikan gaji tahunan, tingkat                discount rates, future annual salary increase, annual
                                                                                                                                    pengunduran diri karyawan tahunan, tingkat kecacatan,           employee turnover rate, disability rate, retirement age
                                                                                                                                    umur pensiun dan tingkat kematian. Hasil aktual yang            and mortality rate. Actual results that differ from the
  Manajemen Perusahaan telah melakukan penilaian atas            The management of the Company             has made an
                                                                                                                                    berbeda dari asumsi yang ditetapkan Perusahaan dan              Company and its subsidiaries’s assumptions are treated
  kemampuan Perusahaan dan Entitas Anak untuk                    assessment of the Company and Subsidiaries’ ability to             entitas anaknya diperlakukan sesuai dengan kebijakan            in accordance with the policies as mentioned in Note
  melanjutkan kelangsungan usahanya dan berkeyakinan             continue as going concerns and is satisfied that the               yang dijelaskan pada Catatan 2w. Sementara                      2w. While the Company and its subsidiaries believes
  bahwa Perusahaan dan Entitas Anak memiliki sumber              Company and Subsidiaries have         the resources to             Perusahaan dan entitas anaknya berkeyakinan bahwa               that its assumptions are reasonable and appropriate,
  daya untuk melanjutkan usahanya di masa mendatang.             continue their business for the foreseeable future.                asumsi tersebut adalah wajar dan sesuai, perbedaan              significant differences in the Company and its
  Selain itu, manajemen mengetahui adanya dampak                 Furthermore, the management is           aware of the              signifikan pada hasil aktual atau perubahan signifikan          subsidiaries’s actual experiences or significant changes
  yang signifikan terhadap usaha Grup wabah COVID 19             significant impact on the Group’s business of the                  dalam asumsi yang ditetapkan Perusahaan dan entitas             in the Company and its subsidiaries’s assumptions may
  yang sedang berlangsung dan telah membuat rencana              ongoing pandemic brought about by COVID -19 and has                anaknya dapat mempengaruhi secara material liabilitas           materially affect its estimated liabilities for pension
  untuk menghadapi ketidakpastian material ini yang              made plans to address these material uncertainties                 diestimasi atas pensiun dan imbalan kerja dan beban             and employee benefits and net employee benefits
  dapat menyebabkan keraguan yang signifikan terhadap            that may cause significant doubt about the Company                 imbalan kerja neto. Nilai tercatat atas estimasi liabilitas     expense. The carrying amounts of the Company and its
  kemampuan Perusahaan dan entitas anak untuk                    and Subsidiaries ability to continue as a going concern.           imbalan kerja Perusahaan dan entitas anaknya pada               subsidiaries estimated employee benefits liability at
  melanjutkan usahanya. Oleh karena itu, laporan                 Therefore, the consolidated financial statements                   tanggal-tanggal pelaporan telah diungkapkan dalam               reporting dates are disclosed in Note 25.
                                                                                                                                    Catatan 25.
  keuangan konsolidasian yang disusun masih atas dasar           continue to be prepared on the going concern basis.
  usaha yang berkelanjutan.                                                                                                         Nilai tercatat atas estimasi liabilitas pasca-kerja             The carrying amounts of the Company and its
                                                                                                                                    Perusahaan dan entitas anaknya pada tanggal                     subsidiaries’ estimated liabilities for employment
  Estimasi dan asumsi                                            Estimates and assumptions                                          31 Desember 2021 dan 2020 diungkapkan dalam                     benefits as of December 31, 2021 and 2020 are
                                                                                                                                    Catatan 24.
                                                                                                                                                                                                    disclosed in Note 24.
  Asumsi utama masa depan dan sumber utama estimasi              The key assumptions concerning the future and other
  ketidakpastian lain pada akhir periode pelaporan yang          key sources of estimation uncertainty at the reporting
  memiliki risiko signifikan bagi penyesuaian yang               date that have a significant risk of causing a material
  material terhadap nilai tercatat aset dan liabilitas untuk     adjustment to the carrying amounts of assets and
  periode berikutnya, diungkapkan di bawah ini.                  liabilities within the next financial period are disclosed
  Perusahaan dan entitas anaknya mendasarkan asumsi              below. The Company and its subsidiaries based its
  dan estimasi pada parameter yang tersedia pada saat            assumptions and estimates on parameters available
  laporan keuangan konsolidasian disusun. Asumsi dan             when the consolidated financial statements were
  situasi mengenai perkembangan masa depan mungkin               prepared. Existing circumstances and assumptions about
  berubah akibat perubahan pasar atau situasi diluar             future developments, may change due to market
  kendali Perusahaan dan entitas anaknya. Perubahan              changes or circumstances arising beyond the control of
  tersebut dicerminkan dalam asumsi terkait pada saat            the Company and its subsidiaries. Such changes are
  terjadinya.                                                    reflected in the assumptions as they occur.
Page 115
                                                                   These consolidated financial statements are originally                                                                             These consolidated financial statements are originally
                                                                             issued in Indonesian language                                                                                                      issued in Indonesian language

                                            Ekshibit E/63                                                       Exhibit E/63                                                Ekshibit E/64                                                          Exhibit E/64

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                    PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                     PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                       PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                  NOTES TO THE CONSOLIDATED FINANCIAL                                      CATATAN ATAS LAPORAN                                     NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                              STATEMENTS                                                 KEUANGAN KONSOLIDASIAN                                                 STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                              AS OF DECEMBER 31, 2021 AND                              TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                 AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                  FOR THE YEAR THEN ENDED                                   YANG BERAKHIR PADA TANGGAL TERSEBUT                                     FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)               (Expressed in Rupiah, unless otherwise stated)                 (Disajikan dalam Rupiah, kecuali dinyatakan lain)                  (Expressed in Rupiah, unless otherwise stated)

3. PENGGUNAAN PERTIMBANGAN, ESTIMASI, DAN ASUMSI              3. SIGNIFICANT ACCOUNTING JUDGEMENTS, ESTIMATES                  3. PENGGUNAAN PERTIMBANGAN, ESTIMASI, DAN ASUMSI                 3. SIGNIFICANT ACCOUNTING JUDGEMENTS, ESTIMATES
   SIGNIFIKAN OLEH MANAJEMEN (Lanjutan)                          AND ASSUMPTIONS BY MANAGEMENT (Continued)                        SIGNIFIKAN OLEH MANAJEMEN (Lanjutan)                             AND ASSUMPTIONS BY MANAGEMENT (Continued)

  Estimasi dan asumsi (Lanjutan)                                Estimates and assumptions (Continued)                            Estimasi dan asumsi                                               Estimates and assumptions
  Pajak penghasilan                                             Income tax
                                                                                                                                 Penurunan nilai aset non-keuangan                                 Impairment of non-financial assets
  Pertimbangan signifikan dilakukan dalam menentukan            Significant judgment is involved in determining the
                                                                                                                                 Perusahaan dan entitas anak mengevaluasi penurunan                The Company and its subsidiaries assess impairment of
  penyisihan atas pajak penghasilan badan. Terdapat             provision for corporate income tax. There are certain
                                                                                                                                 nilai aset apabila terdapat kejadian atau perubahan               assets whenever events or changes in circumstances
  transaksi dan perhitungan tertentu yang penentuan             transactions and computation for which the ultimate
  pajak akhirnya tidak pasti sepanjang kegiatan usaha           tax determination is uncertain during the ordinary               keadaan yang mengindikasikan bahwa nilai tercatat aset            that would indicates that the carrying amount of an
  normal. Perusahaan dan entitas anaknya mengakui               course of business. The Company and its subsidiaries             tidak dapat dipulihkan kembali. Faktor-faktor penting             asset may not be recoverable. The factors that the
  liabilitas atas pajak penghasilan badan berdasarkan           recognize liabilities for expected corporate income tax          yang dapat menyebabkan penelaahan penurunan nilai                 Bank considers important which could trigger an
  estimasi penghasilan kena pajak badan.                        issues based on estimates of corporate taxable income.           adalah sebagai berikut:                                           impairment review include the following:

  Penyusutan aset tetap dan perlengkapan operasional            Depreciation of fixed assets and hotel operating                 a) Performa yang tidak tercapai secara signifikan                 a) significant underperformance relative to expected
  hotel                                                         equipment                                                           terhadap ekspektasi historis atau proyeksi hasil                  historical or projected future operating results;
                                                                                                                                    operasi di masa yang akan datang;
  Biaya perolehan aset tetap dan perlengkapan                   The costs of fixed assets and hotel operating equipment          b) perubahan yang signifikan dalam cara penggunaan                b) significant changes in the manner of use of the
  operasional hotel disusutkan dengan menggunakan               are depreciated on a straight-line method over their                aset atau strategi bisnis secara keseluruhan; dan                 acquired assets or the strategy for overall business;
  metode garis lurus berdasarkan estimasi masa manfaat          estimated useful lives. Management properly estimates                                                                                 and
  ekonomisnya. Manajemen mengestimasi masa manfaat              the useful lives of these fixed assets and hotel
                                                                                                                                 c) industri atau tren ekonomi yang secara signifikan              c) significant negative industry or economic trends.
  ekonomis aset tetap dan perlengkapan operasional hotel        operating equipment ranging from 4 (four) to 20
                                                                                                                                    bernilai negatif.
  masing-masing antara 4 (empat) sampai dengan 20 (dua          (twenty) years and 2 (two) years to 4 (four) years,
  puluh) tahun dan antara 2 (dua) tahun sampai dengan           respectively. These are common life expectancies
                                                                                                                                 Perusahaan dan entitas anak mengakui kerugian                     The Company and its subsidiaries recognize an
  4 (empat) tahun. Ini adalah umur yang secara umum             applied in the industries where the Company and its
  diharapkan dalam industri dimana Perusahaan dan               subsidiaries conduct their businesses. Changes in the            penurunan nilai apabila nilai tercatat aset melebihi nilai        impairment loss whenever the carrying amount of an
  entitas anaknya menjalankan bisnisnya. Perubahan              expected level of usage and technological development            yang dapat dipulihkan. Jumlah terpulihkan adalah nilai            asset exceeds its recoverable amount. The recoverable
  tingkat pemakaian dan perkembangan teknologi dapat            could impact the economic useful lives and the residual          yang lebih tinggi antara nilai wajar dikurang biaya untuk         amount is the higher of an asset’s (or cash-generating
  mempengaruhi masa manfaat ekonomis dan nilai sisa             values of these assets, and therefore future                     menjual dengan nilai pakai aset (atau unit penghasil              unit’s) fair value less costs to sell and its value in use.
  aset, dan karenanya biaya penyusutan masa depan               depreciation charges could be revised.                           kas). Jumlah terpulihkan diestimasi untuk aset individual         Recoverable amounts are estimated for individual assets
  mungkin direvisi.                                                                                                              atau, jika tidak memungkinkan, untuk unit penghasil kas           or, if it is not possible, for the cash-generating unit to
                                                                                                                                 yang mana aset tersebut merupakan bagian daripada                 which the asset belongs.
  Cadangan kerugian penurunan nilai atas aset keuangan          Allowance for impairment losses of financial assets              unit tersebut.
  Evaluasi atas cadangan kerugian penurunan nilai aset          Allowance for impairment losses of financial assets
  keuangan yang dicatat pada biaya perolehan                    carried at amortized cost are evaluated as explained on
  diamortisasi dijelaskan pada Catatan 2g.iv.                   Note 2g.iv.                                                    4. KAS DAN BANK                                                  4. CASH ON HAND AND IN BANKS

  Nilai tercatat atas estimasi cadangan kerugian                The carrying amounts of the Company and its                      Kas dan bank terdiri dari:                                        Cash on hand and in banks consist of:
  penurunan nilai aset keuangan Perusahaan dan entitas          subsidiaries estimated allowance for impairment losses
  anaknya pada tanggal 31 Desember 2021 dan 2020                of financial assets as of December 31, 2021 and 2020
  diungkapkan dalam Catatan 7.                                  are disclosed in Note 7.                                                                                        2021                   2020
                                                                                                                                  Kas                                                                                                                    Cash
  Perusahaan dan entitas anaknya mengevaluasi akun              The Company and its subsidiaries evaluate specific                 Rupiah                                        254.554.170            250.375.300                                 Rupiah
  tertentu jika terdapat informasi bahwa pelanggan yang         accounts where it has information that certain                     Valuta Asing                                                                                            Foreign Currencies
  bersangkutan tidak dapat memenuhi kewajiban                   customers are unable to meet their financial                         Korea Won –
  keuangannya. Dalam hal tersebut, Perusahaan dan               obligations. In these cases, the Company and its                        KRW 240.600 pada tahun 2021                                                                            Korea Won-
  entitas anaknya mempertimbangkan, berdasarkan fakta           subsidiaries uses judgment, based on the best available
                                                                                                                                        dan     KRW    240.045    pada                                                              KRW 240,600 in 2021
  dan situasi yang tersedia, termasuk namun tidak               facts and circumstances, including but limited to, the
                                                                                                                                        tahun 2020                                  2.887.200              3.120.582                 KRW 240,045 in 2020
  terbatas pada, jangka waktu hubungan dengan                   length of its relationship with the customer and the
                                                                                                                                     Dolar AS-                                                                                                   US Dollar-
  pelanggan dan status kredit dari pelanggan berdasarkan        customer’s current credit status based on third party
                                                                                                                                        USD 119 pada tahun 2021                                                                         USD 119 in 2021
  catatan kredit dari pihak ketiga dan faktor pasar yang        credit reports and known market factors, to record
                                                                                                                                        dan USD 119 pada tahun 2020                 1.698.011              1.678.496                 and USD 119 in 2020
  telah diketahui, untuk mencatat provisi yang spesifik         specific provisions for customers against amounts due to
  atas jumlah piutang pelanggan guna mengurangi jumlah          reduce its receivable amounts that the Company and its
                                                                                                                                  Total kas                                      259.139.381            255.174.378                                    Total cash
  piutang yang diharapkan dapat diterima oleh Perusahaan        subsidiaries expects to collect. These specific provisions
  dan entitas anaknya. Provisi yang spesifik ini dievaluasi     are revaluated and adjusted as additional information
  kembali dan disesuaikan jika tambahan informasi yang          received affects the amounts of allowance for
  diterima mempengaruhi jumlah cadangan kerugian                impairment losses.
  penurunan nilai.
Page 116
                                                                     These consolidated financial statements are originally                                                                               These consolidated financial statements are originally
                                                                               issued in Indonesian language                                                                                                        issued in Indonesian language

                                           Ekshibit E/65                                                          Exhibit E/65                                                 Ekshibit E/66                                                           Exhibit E/66

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                     PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                        PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                      PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                   NOTES TO THE CONSOLIDATED FINANCIAL                                         CATATAN ATAS LAPORAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                               STATEMENTS                                                    KEUANGAN KONSOLIDASIAN                                                STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                               AS OF DECEMBER 31, 2021 AND                                 TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                   FOR THE YEAR THEN ENDED                                      YANG BERAKHIR PADA TANGGAL TERSEBUT                                    FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                (Expressed in Rupiah, unless otherwise stated)                    (Disajikan dalam Rupiah, kecuali dinyatakan lain)                 (Expressed in Rupiah, unless otherwise stated)

4. KAS DAN BANK (Lanjutan)                                     4. CASH ON HAND AND IN BANKS (Continued)                            4. KAS DAN BANK (Lanjutan)                                     4. CASH ON HAND AND IN BANKS (Continued)

                                              2021                    2020                                                            Pada tanggal 31 Desember 2021 dan 2020 kas dan bank             As of December 31, 2021 and 2020, cash on hand and in
                                                                                                                                      tidak dijaminkan kepada pihak manapun.                          banks are not pledged to any party.
   Bank                                                                                                                Banks
    Rupiah                                                                                                         Rupiah
     Pihak ketiga                                                                                            Third parties         5. SALDO DAN        TRANSAKSI      DENGAN     PIHAK-PIHAK      5. BALANCES        AND     TRANSACTIONS         WITH      RELATED
      PT Bank Central Asia Tbk                3.745.463.035          1.320.614.598                 PT Bank Central Asia Tbk
                                                                                                                                      BERELASI                                                       PARTIES
      PT Bank Mandiri (Persero) Tbk             217.239.444            442.147.244            PT Bank Mandiri (Persero) Tbk
      PT Bank Artha Graha                                                                               PT Bank Artha Graha           Dalam kegiatan usaha normal, Perusahaan dan entitas                In the normal course of the business, the Company and
        Internasional Tbk                        33.488.591              39.321.512                    Internasional Tbk
                                                                                                                                      anaknya melakukan transaksi dengan pihak berelasi yang             its subsidiaries have transactions with related parties,
      PT Bank Negara                                                                                         PT Bank Negara
                                                                                                                                      dilakukan dengan syarat yang disepakati oleh para                  which are made on terms as agreed by the parties.
        Indonesia (Persero) Tbk                  28.811.806            216.194.027                Indonesia (Persero) Tbk
                                                                                                                                      pihak. Entitas dianggap sebagai pihak berelasi dari                Entities are considered related parties of the Company
      PT Bank Sinarmas Tbk                       12.369.424             25.814.424                     PT Bank SinarmasTbk
      PT Bank CIMB Niaga Tbk                     11.869.911             13.913.760                  PT Bank CIMB Niaga Tbk            Perusahaan dan entitas anaknya berkaitan dengan                    and its subsidiaries in view of their common ownership
      PT Bank Maybank Indonesia Tbk               4.069.003            252.089.342           PT Bank Maybank Indonesia Tbk            kesamaan pemilik dan manajemen.                                    and management.
      PT Bank Panin                               3.846.508              4.225.311                             PT Bank Panin
      PT Bank Victoria International Tbk          1.634.436              2.158.514        PT Bank Victoria International Tbk          Ringkasan pihak-pihak berelasi, sifat hubungan dan jenis           The summary of related parties, nature of the
      PT Bank QNB Indonesia Tbk                     200.000                 70.000               PT Bank QNB Indonesia Tbk            transaksinya adalah sebagai berikut:                               relationship and types of transactions are as follows:
      PT Bank Pembangunan Daerah Bali               126.196              2.581.594        PT Bank Pembangunan Daerah Bali
      PT Bank ICBC Indonesia                              -              4.445.920                   PT Bank ICBC Indonesia             Perusahaan/Perorangan                   Sifat Hubungan Berelasi/                            Sifat Transaksi/
                                                                                                                                         Company/Individuals                     Nature of Relationship                          Nature of Transactions
   Total rekening rupiah                      4.059.118.354          2.323.576.246                       Total rupiah accounts
     Valuta Asing                                                                                        Foreign Currencies           PT Asia Leisure Network                   Pemegang saham pendiri/                Piutang pemegang saham, penjamin utang
      PT Bank Central Asia Tbk                                                                      PT Bank Central Asia Tbk                                                       Founder shareholder                         bank/ Due from shareholders,
          Dolar AS-                                                                                              US Dollar-                                                                                                     guarantor of the bank loan
             USD 5.819 pada tahun 2021                                                                USD 5.819 in 2021
             dan USD 6.679                                                                                and USD 6,679
                                                                                                                                      Archipelago Resorts & Hotels              Pemegang saham pendiri/                         Piutang pemegang saham /
             pada tahun 2020                     83.030.130              94.208.632                               in 2020
                                                                                                                                        Limited                                    Founder shareholder                               Due from shareholders
      PT Bank CIMB Niaga Tbk                                                                      PT Bank CIMB Niaga Tbk
          Dolar AS-                                                                                             US Dollar-
             USD 693 pada tahun 2021                                                                    USD 693 in 2021               PT Laksana Agung Semesta (LAS)           Di bawah kendali yang sama/               Piutang/utang pihak berelasi dan uang
             dan USD 849                                                                                    and USD 849                                                              Under same control                        muka penyertaan saham/ Due
             pada tahun 2020                      9.888.395              11.979.714                             in 2020                                                                                                     from/to related parties and advance
      PT Bank Artha Graha                                                                          PT Bank Artha Graha                                                                                                          for purchase of investment
        Internasional Tbk                                                                            Internasional Tbk                PT KAJA                                     Entitas anak dari KJA/                           Piutang lain-lain/
          Dolar AS-                                                                                              US Dollar-                                                            subsidiary of KJA                           Other receivables
             USD 530 pada tahun 2021                                                                    USD 530 in 2021               PT KJA                                          Entitas asosiasi/                            Piutang lain-lain/
             dan USD 634                                                                                     and USD 634                                                              Associate entity                             Other receivables
             pada tahun 2020                      7.560.858               8.946.943                             in 2020               PT Mitra Banyuwangi Selaras                Entitas asosiasi dari DMS/             Uang muka penyertaan saham/ Advance
       PT Bank Negara                                                                                    PT Bank Negara                                                            Associate entity of DMS                      for purchase of investment
             Indonesia (Persero) Tbk                                                             Indonesia (Persero) Tbk
          Dolar AS-                                                                                              US Dollar-           Dewan Komisaris dan Direksi/                  Manajemen kunci/                      Imbalan kerja jangka pendek, piutang
             USD 157 pada tahun 2021                                                                     USD 157 in 2021              Board of commissioners and                      Key management                           usaha pihak berelasi, penjamin
             dan USD 146 pada                                                                               and USD 146                  Directors                                                                            utang bank/ Short-term benefits,
             tahun 2020                           2.243.602               2.058.050                               in 2020                                                                                                     trade receivables – related party,
      PT Bank Maybank Indonesia Tbk                                                          PT Bank Maybank Indonesia Tbk
                                                                                                                                                                                                                                   guarantor of bank loan
          Dolar AS-                                                                                              US Dollar-
             USD 54 pada tahun 2021                                                                       USD 54 in 2021              PT CGU                                         Entitas asosiasi/                           Utang pihak berelasi/
             dan USD 8.560                                                                                and USD 8,560
                                                                                                                                                                                      Associate entity                           Due to related parties
             pada tahun 2020                       773.340             120.735.728                               in 2020
                                                                                                                                      PT Dialog Utama Internasional                  Entitas asosiasi/                        Uang muka pembelian saham/
          Dolar SGD-                                                                                            SGD Dollar-
                                                                                                                                                                                     Associate entity                           Advance for purchase of stock
             SGD - pada tahun 2021                                                                         SGD - in 2021
             dan SGD 374                                                                                    and SGD 374
             pada tahun 2020                               -              3.979.930                               in 2020
   Total rekening valuta asing                  103.496.325            241.908.997            Total foreign currency accounts
   Total bank                                 4.162.614.679          2.565.485.243                                   Total banks
   Total kas dan bank                         4.421.754.060          2.820.659.621            Total cash on hand and in banks

   kas di bank memiliki tingkat bunga mengambang sesuai           Accounts in banks earn interest at floating rates based on
   dengan tingkat penawaran pada masing-masing bank.              the offering rates from each bank.
Page 117
                                                                        These consolidated financial statements are originally                                                                                  These consolidated financial statements are originally
                                                                                  issued in Indonesian language                                                                                                           issued in Indonesian language

                                              Ekshibit E/67                                                          Exhibit E/67                                                     Ekshibit E/68                                                          Exhibit E/68

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                         PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                         PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                         PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED FINANCIAL                                          CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                                   STATEMENTS                                                     KEUANGAN KONSOLIDASIAN                                                   STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                   AS OF DECEMBER 31, 2021 AND                                  TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                   AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                       FOR THE YEAR THEN ENDED                                       YANG BERAKHIR PADA TANGGAL TERSEBUT                                       FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                    (Expressed in Rupiah, unless otherwise stated)                     (Disajikan dalam Rupiah, kecuali dinyatakan lain)                    (Expressed in Rupiah, unless otherwise stated)

5. SALDO DAN TRANSAKSI               DENGAN   PIHAK-PIHAK        5.    BALANCES AND TRANSACTIONS                WITH     RELATED         5. SALDO DAN TRANSAKSI            DENGAN     PIHAK-PIHAK        5.    BALANCES AND TRANSACTIONS WITH RELATED
   BERELASI(Lanjutan)                                                  PARTIES(Continued)                                                   BERELASI(Lanjutan)                                                 PARTIES(Continued)
  Ringkasan saldo dengan pihak-pihak berelasi dan                      The summary of related parties balances and                         Piutang pihak berelasi ini tidak dikenakan bunga dan                Due from related parties are non-interest bearing and
  persentase terhadap jumlah aset, liabilitas serta                    percentages of related parties balances to total                    akan dikembalikan kepada Perusahaan dalam waktu                     will be repaid to the Company within one year.
  pendapatan dan beban konsolidasian atas saldo dengan                 consolidated assets, liabilities, revenues and                      satu tahun.
  pihak-pihak berelasi per 31 Desember 2021 dan 2020                   expensesas of December 31, 2021 and 2020 are as
  adalah sebagai berikut:                                              follows:                                                                                                           2021                  2020
                                                  2021                    2020                                                             Uang muka pembelian saham                                                                           Advance for purchase of
                                                                                                                                           Saham (Catatan 14)                                                                                  Shares of stock (Note 14)
  Piutang usaha                                                                                               Trade receivables
                                                                                                                                           MBS                                          28.599.300.000        28.599.300.000                                      MBS
  Manajemen kunci                                1.445.243.884             715.198.446                          Key management
                                                                                                                                           LAS                                          11.971.800.000        13.184.500.000                                       LAS
  Persentase terhadap total                                                                                   Percentage to total          DUI                                           8.233.500.000         8.283.500.000                                       DUI
    aset konsolidasian                                   0,08%                    0,03%                      consolidated assets           KJA                                           5.021.500.000         3.986.500.000                                       KJA
  Piutang lain-lain pihak berelasi                                                             Other receivables related parties
                                                                                                                                           Total                                        53.826.100.000        54.053.800.000                                        Total
   terdiri dari:                                                                                                    consist of:
  Piutang lain-lain                                                                                      Other receivables                 Persentase    terhadap      total   aset                                                    Percentage to total consolidated
  Entitas asosiasi                                                                                         Associate entity                konsolidasian                                         2,89%                   2,37%                                    assets
    PT Kharisma Jawara Abadi                     7.916.956.775           6.968.507.647          PT Kharisma Jawara Abadi                   Utang pihak berelasi                                                                                 Due to related parties
    PT Kharisma Anugrah Jawara Abadi             2.669.073.502           1.508.742.872 PT Kharisma Anugrah Jawara Abadi
                                                                                                                                           Entitas dengan pengendalian bersama                                                            Entities under common control
  Sub total                                     10.586.030.277           8.477.250.519                                    Sub total         CGU                                            128.000.000           128.000.000                                     CGU
                                                                                                                                            MBS                                             11.038.784            11.898.784                                              MBS
  Piutang pemegang saham                                                                               Due from shareholders
                                                                                                                                            LAS                                                      -           214.884.457                                              LAS
  Entitas induk (Catatan 20)                                                                           Parent entity (Notes 20)
                                                                                                                                            KJA                                          6.032.425.587         4.506.935.282                                              KJA
    PT Asia Leisure Network                      6.137.865.906           6.137.865.906               PT Asia Leisure Network
    Archipelago Resort & Hotel Ltd               4.977.003.928           4.977.003.928         Archipelago Resort & Hotel Ltd               KAJA                                           843.165.669           894.453.169                                             KAJA

  Sub total                                     11.114.869.834         11.114.869.834                                     Sub total          Total                                       7.014.630.040         5.756.171.692                                      Total
                                                                                                                                           Persentase terhadap total                                                                    Percentage to total consolidated
  Total                                         21.700.900.111         19.592.120.353                                            Total
                                                                                                                                           liabilitas konsolidasian                              0,38%                   0,32%                                 liabilities
  Persentase terhadap                                                                                               Percentage to
    total aset konsolidasian                             1,16%                    0,86%                total consolidated assets           Rincian utang pihak berelasi menurut jenis mata                       Details of due to related parties based on currencies
                                                                                                                                           uang pada 31 Desember 2021 dan 2020 adalah                            as of December 31, 2021 and 2020 are as follows:
                                                                                                                                           sebagai berikut:
  Rincian piutang usaha pihak berelasi dan piutang                       Details of trade receivables related parties and due
  pihak berelasi menurut jenis mata uang per                             from related parties based on currencies as of
                                                                                                                                                                                          2021                   2020
  31 Desember 2021 dan 2020 adalah sebagai berikut:                      December 31, 2021 and 2020 are as follows:
                                                                                                                                           Rupiah                                        7.014.630.040          5.756.171.692                           Indonesian Rupiah
                                                 2021                    2020
                                                                                                                                           Total                                         7.014.630.040          5.756.171.692                                            Total
  Rupiah                                        21.700.900.111         17.954.866.553                           Indonesian Rupiah
  Dollar Amerika                                             -          1.637.253.800                                        USD
                                                                                                                                           Kompensasi manajemen kunci dan Komite Audit                         Compensation of key management personnel and
                                                                                                                                                                                                               Audit Committee
  Total                                         21.700.900.111         19.592.120.353                                            Total
                                                                                                                                                                                         2021                    2020
                                                                                                                                           Imbalan kerja jangka pendek                                                                             Short-term benefits
                                                                                                                                             Manajemen kunci                            2.454.936.138           2.796.489.724               Key management personnel
                                                                                                                                             Komite audit                                           -              12.000.000                        Audit committee

                                                                                                                                             Total                                      2.454.936.138           2.808.489.724                                       Total
Page 118
                                                                            These consolidated financial statements are originally                                                                                These consolidated financial statements are originally
                                                                                      issued in Indonesian language                                                                                                         issued in Indonesian language

                                                  Ekshibit E/69                                                          Exhibit E/69                                                 Ekshibit E/70                                                            Exhibit E/70

     PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                          PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                     PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                           PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                  CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED FINANCIAL                                      CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED FINANCIAL
                 KEUANGAN KONSOLIDASIAN                                                    STATEMENTS                                                 KEUANGAN KONSOLIDASIAN                                                     STATEMENTS
      TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                    AS OF DECEMBER 31, 2021 AND                              TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                     AS OF DECEMBER 31, 2021 AND
         YANG BERAKHIR PADA TANGGAL TERSEBUT                                        FOR THE YEAR THEN ENDED                                   YANG BERAKHIR PADA TANGGAL TERSEBUT                                         FOR THE YEAR THEN ENDED
     (Disajikan dalam Rupiah, kecuali dinyatakan lain)                     (Expressed in Rupiah, unless otherwise stated)                 (Disajikan dalam Rupiah, kecuali dinyatakan lain)                      (Expressed in Rupiah, unless otherwise stated)

5.    SALDO DAN TRANSAKSI            DENGAN       PIHAK-PIHAK        5.    BALANCES AND TRANSACTIONS WITH RELATED                       6. PIUTANG (Lanjutan)                                             6.    ACCOUNTS RECEIVABLE (Continued)
      BERELASI (Lanjutan)                                                  PARTIES (Continued)
                                                                                                                                           Piutang pada tanggal 31 Desember 2021 dan 2020 terdiri               Receivables as of December 31, 2021 and 2020 consist
      Pada tanggal 24 November 2016, telah diputuskan dari                 On November 24, 2016, the Tax Authority has decided             dari:                                                                of:
      Otoritas Pajak bahwa atas banding tersebut ditolak.                  that the objections for assessment of that SKPKB has
                                                                                                                                                                                        2021                     2020
      Perusahaan menerima keputusan tersebut dan                           been rejected. The Company received the decision and
      melakukan pembayaran sebesar jumlah pokok SKPKB                      has paid the principal of SKPKB amounting to
                                                                                                                                           Piutang lain-lain                                                                                             Other receivables
      sebesar Rp21.526.833.600, sementara denda pajak atas                 Rp21,526,833,600, while, the tax penalties of the
      SKPKB tersebut disetujui untuk dihapuskan oleh Kantor                SKPKB has been fully granted by the Tax Office. This            Pihak berelasi (Catatan 5)                 21.700.900.111            19.592.120.353                    Related parties (Note 5)
      Pajak. Pembayaran jumlah pokok SKPKB akan                            principal payment of SKPKB was borne by the founding
      ditanggung oleh pemegang saham pendiri Perusahaan                    shareholder,   ALN     and    ARHL   amounting    to            Pihak ketiga                                                                                                      Third parties
      yaitu ALN dan ARHL masing-masing sebesar                             Rp6,614,641,590 and Rp4,977,003,928, which was                  RupIah                                                                                                               Rupiah
      Rp6.614.641.590 dan Rp4.977.003.928, yang dicatat                    recorded as a part of “Due from Shareholders” as of             PT Laras Nusa Persada                      20.222.950.883            20.222.950.883                      PT Laras Nusa Persada
      sebagai bagian dari “Piutang Pemegang Saham” pada                    December 31, 2021 and 2020 (Note 6).                            PT Permata Daya Cahaya Abadi                2.958.590.909             2.958.590.909            PT Permata Daya Cahaya Abadi
      tanggal 31 Desember 2021 dan 2020 (Catatan 6).                                                                                       PT Grage Griya Permai Estate                2.738.000.000             2.738.000.000              PT Grage Griya Permai Estate
                                                                                                                                           PT Anugerah Luhur Sejati                    2.617.328.762            13.725.614.571                  PT Anugerah Luhur Sejati
                                                                                                                                           PT Nusapacific Island Investment            1.846.093.371             1.619.047.169           PT Nusapacific Island Investment
6.    PIUTANG                                                        6. ACCOUNTS RECEIVABLE                                                PT Horison Kharisma Sukses                              -            61.376.222.900                PT Horison Kharisma Sukses
                                                                                                                                           Ferry Tjahyadikarta                         1.894.884.495             1.493.953.055                         Ferry Tjahyadikarta
      Piutang pada tanggal 31 Desember 2021 dan 2020 terdiri              Receivables as of December 31, 2021 and 2020 consist             Nadia Tjahyadikarta                           903.132.815               903.132.815                        Nadia Tjahyadikarta
      dari:                                                               of:                                                              PT Bukit Nusa Harapan*                      2.877.678.925                         -                    PT Bukit Nusa Harapan*
                                                                                                                                           Lainnya (kurang dari Rp500 juta)            7.074.438.758             7.540.250.563           Others (less than Rp 500 million)
                                                      2021                   2020
      Piutang usaha                                                                                                Trade receivables       Sub total                                  43.133.098.918           112.577.762.865                                      Sub total

        Pihak berelasi (Catatan 5)                                                                        Related parties (Note 5)
                                                                                                                                           Valuta Asing                                                                                                Foreign Currencies
          Rupiah                                                                                                         Rupiah              Lainnya (kurang dari Rp500 juta)                                                          Others (less than Rp500 million)
           Manajemen kunci                           1.445.243.884            715.198.446                      Key management                   Dolar AS-                                                                                                  US Dollar-
                                                                                                                                                  USD0 pada tahun 2021 dan                                                                       USD0 in 2021 and
        Pihak ketiga                                                                                                 Third parties
                                                                                                                                                  USD17.544 pada tahun 2020                           -           247.458.120                  USD17,544 in 2020
          Rupiah                                                                                                          Rupiah
           PT Rejeki Utama Lestari                  40.710.000.071         33.360.000.000              PT Rejeki Utama Lestari             Total                                                      -           247.458.120                                              Total
           Guest Ledger                                222.241.191          1.186.843.582                         Guest Ledger
           Kartu Kredit                                212.686.244          2.108.819.943                           Credit Card            Total piutang lain-lain pihak ketiga                                                            Total others receivables third
           PT Citra Bumi Abadi                                   -          7.350.000.000                  PT Citra Bumi Abadi                - bruto                                 43.133.098.918           112.825.220.985                          parties – gross
           Lainnya                                   1.243.387.238                      -                               Others
                                                                                                                                           Cadangan kerugian
        Total                                       42.388.314.744         44.005.663.525                                       Total        penurunan nilai                      (    3.091.627.264) (           823.252.005)          Allowance for impairment losses
      Valuta asing                                                                                                  Foreign currency       Total piutang lain-lain pihak ketiga                                                            Total others receivables third
        Lainnya (kurang dari Rp500 juta)                                                          Others (less than Rp500 million)            - neto                                  40.041.471.654           112.001.968.980                              parties – net
          Dolar AS-                                                                                                   US Dollar-
           USD85.542 pada tahun 2021                                                                          USD85,542 in 2021            Piutang lain-lain neto                     61.742.371.765           131.594.089.333     Others receivables third parties net
           dan USD98.532 pada tahun 2020             1.220.595.162          1.389.795.680                 and USD98,532 in 2020
                                                                                                                                           Berdasarkan    perjanjian   utang   piutang    tanggal                 Pursuant to the Loan Agreement on November 22,
        Total                                        1.220.595.162          1.389.795.680                                       Total      22 November 2014 yang telah beberapa kali diubah                       2014 which have been amended several times, with
                                                                                                                                           terakhir pada tanggal 20 November 2017, entitas                        the latest on November 20, 2017, a subsidiary,
        Total piutang usaha                                                                               Total trade receivables          anak,PT DMS memberikan pinjaman dana kepada                            PT DMS has provided loan facility to PT LNP
         pihak ketiga-bruto                         43.608.909.906         45.395.459.205                    third parties-gross           PT LNP sebanyak-banyaknya sebesar Rp30.000.000.000.                    amounting to Rp30,000,000,000. This loan facility was
                                                                                                                                           Pinjaman tersebut akan digunakan untuk keperluan                       extended at the latest to November 20, 2022 with
      Cadangan kerugian penurunan nilai       (     42.075.471.177 ) (     43.363.115.319 )        Allowance for impairment losses
                                                                                                                                           modal kerja LNP. Pinjaman ini diperpanjang menjadi                     interest rate of 11.5%. The balance of the receivable
      Piutang usaha pihak ketiga neto                1.533.438.729          2.032.343.886     Trade receivables third parties net          jatuh tempo paling lambat tanggal 20 November 2022                     to PT LNP as of December 31, 2021 and December 31,
                                                                                                                                           dengan bunga sebesar 11,5%. Saldo piutang dari PT LNP                  2020 amounted to Rp 20.222.950.883.
      Total piutang usaha neto                       2.978.682.613          2.747.542.332                     Trade receivables net        pada tanggal 31 Desember 2021 dan 31 Desember 2020
                                                                                                                                           adalah sebesar Rp 20.222.950.883.

                                                                                                                                          * Didekonsolidasi pada tahun 2021/Deconsolidated in 2021
Page 119
                                                                   These consolidated financial statements are originally                                                                                         These consolidated financial statements are originally
                                                                             issued in Indonesian language                                                                                                                  issued in Indonesian language

                                          Ekshibit E/71                                                         Exhibit E/71                                                          Ekshibit E/72                                                            Exhibit E/72

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                    PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                             PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                            PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                  NOTES TO THE CONSOLIDATED FINANCIAL                                              CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                              STATEMENTS                                                         KEUANGAN KONSOLIDASIAN                                                      STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                              AS OF DECEMBER 31, 2021 AND                                      TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                      AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                  FOR THE YEAR THEN ENDED                                           YANG BERAKHIR PADA TANGGAL TERSEBUT                                          FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)               (Expressed in Rupiah, unless otherwise stated)                         (Disajikan dalam Rupiah, kecuali dinyatakan lain)                       (Expressed in Rupiah, unless otherwise stated)

6. PIUTANG (Lanjutan)                                       6.   ACCOUNTS RECEIVABLE (Continued)                                    6.    PIUTANG (Lanjutan)                                               6.    ACCOUNTS RECEIVABLE (Continued)
   Berdasarkan    perjanjian   utang  piutang    tanggal         Based on payables agreement dated November 22,
                                                                                                                                          Piutang usaha dan piutang lain-lain berdasarkan umur                   Trade receivables and other receivables based on
   22 November 2014 yang telah beberapa kali diubah              2014 which has been amended several times, the
                                                                                                                                          pada 31 Desember 2021 dan 2020 adalah sebagai                          aging as of December 31, 2021 and 2020 are as
   terakhir pada tanggal 20 November 2017, entitas anak,         latest on November 20, 2017, a subsidiary, PT DMS
                                                                                                                                          berikut:                                                               follows:
   PT DMS memberikan pinjaman dana kepada PT LNP                 provides loans to PT LNP in a maximum of
   sebanyak-banyaknya       sebesar   Rp30.000.000.000.          Rp30,000,000,000. The loan will be used for LNP’s
   Pinjaman tersebut akan digunakan untuk keperluan              working capital needs. This loan has been extended to                                                                    2021                     2020
   modal kerja LNP. Pinjaman ini diperpanjang menjadi            maturity no later than November 21, 2022 with                            Piutang lain-lain                                                                                              Other receivables
   jatuh tempo paling lambat tanggal 21 November 2022            interest of 11.5%.                                                       Belum jatuh tempo                              1.732.483.614            1.432.952.390                                Not yet due
   dengan bunga sebesar 11,5%.                                                                                                            Lewat jatuh tempo                                                                                                       Overdue
                                                                                                                                          31-60 hari                                       192.569.851              281.031.926                                 31-60 days
   Pada tanggal 22 Januari 2016, PT Dialog Grage Cirebon         On January 22, 2016, PT Dialog Grage Cirebon                             61-90 hari                                       581.067.187              428.186.734                                 61-90 days
   (entitas anak DMS) memberikan pinjaman kepada                 (a   subsidiary    of DMS)    provides     loan   to                     Lebih dari 90 hari                            62.327.878.377          130.275.170.288                          More than 90 days
   PT Permata Daya Cahaya Abadi (PDCA) sebanyak-                 PT Permata Daya Cahaya Abadi (PDCA) amounting to
   banyaknya    sebesar    Rp11.000.000.000.   Pinjaman          Rp11,000,000,000. The loan facility will be used for                     Total                                         64.833.999.029          132.417.341.338                                   Total
   tersebut akan digunakan untuk keperluan modal kerja           working capital of PDCA. This loan facility was                          Cadangan kerugian penurunan nilai       (      3.091.627.264 ) (          823.252.005)         Allowance for impairment losses
   PDCA. Pinjaman ini diperpanjang menjadi jatuh tempo           extended at the latest to December 31, 2021 with                         Piutang lain-lain – neto                      61.742.371.765          131.594.089.333                    Other receivables – net
   paling lambat tanggal 31 Desember 2021 dengan bunga           interest of 11.5%.
   sebesar 11,5%.
                                                                                                                                           Mutasi cadangan kerugian penurunan nilai disajikan                    Movements in allowance for impairment losses are
   Pada tanggal 15 Desember 2016, PT BNH, entitas anak,          On December 15, 2016, PT BNH, a subsidiary, agreed                        sebagai berikut:                                                      presented as follows:
   melakukan pembelian seluruh saham para pemegang               to purchase all shares of PT Cipta Abadi Rejeki’s (CAR)
   saham PT Cipta Abdi Rejeki (CAR), pihak ketiga, dan           shareholder, a third party, and agreed to purchase                                                                      2021                      2020
   melakukan pembelian saham baru yang akan dikeluarkan          new shares issued by CAR amounting to
   oleh CAR sebesar Rp17.800.000.000. Pengambil alihan           Rp17,800,000,000. The take over must be realized at                       Piutang usaha                                                                                                 Trade receivables
   harus   direalisasikan selambat-lambatnya    tanggal          the latest on December 15, 2017.
   15 Desember 2017.                                                                                                                       Saldo awal                                   43.363.115.319           18.272.204.480                   Beginning balance
                                                                                                                                           Penyesuaian saldo atas penerapan                                                     Adjustment on the beginning balance
   Pada tanggal 20 Oktober 2017, BNH dan CAR sepakat             On October 20, 2017, BNH and CAR agreed to annul the                         PSAK 71                                                -           22.460.458.833  on the implementation of SFAS 71
   untuk membatalkan rencana pembelian saham, sehingga           investment in shares agreement, therefore, all                            Pemulihan tahun berjalan           (          1.287.644.142 )                      -            Recovery during the year
   uang muka yang telah dibayarkan oleh BNH akan                 advance paid by BNH will be fully returned in                             Penyisihan tahun                                                                                         Provision during
   dikembalikan seluruhnya pada bulan September 2018             September 2018 with interest bearing of 9.5%. The                            berjalan (Catatan 23b)                                  -           2.630.452.006                the year (Note 23b)
   dengan bunga sebesar 9,5%. Sisa uang muka penyertaan          remaining balance of advance for purchase of
   saham yang belum dikembalikan, direklasifikasi ke             investment, that has not been repaid, was reclassified                    Sub total                                    42.075.471.177           43.363.115.319                                     Sub total
   piutang lain-lain pada 31 Desember 2017.                      to other receivable as of December 31, 2017.
                                                                                                                                           Piutang lain-lain                                                                                             Other receivables
   Berdasarkan    adendum     II   “Nota     Kesepakatan         Based on addendum II “Memorandum of Understanding
   Pengembalian Uang Muka Saham” pada tanggal 31 Juli            on Return of Shares Advances” on July 31, 2019, BNH                       Saldo awal                                     823.252.005                            -                Beginning balance
   2019, BNH dan CAR sepakat untuk memperpanjang                 and CAR agreed to extend repayment period at the                          Penyesuaian saldo atas penerapan                                                     Adjustment on the beginning balance
   pengembalian uang muka paling lambat 31 Juli 2020 dan         latest on July 30, 2020 and with interest bearing of 6%                   PSAK 71                                                    -              83.604.278    on the implementation of SFAS 71
   dengan bunga sebesar 6% per tahun sejak Juli 2018.            per year starting from July 2018.                                         Pemulihan tahun berjalan                                   -                       -             Recovery during the year
                                                                                                                                           Penyisihan tahun                                                                                         Provision during
   Piutang usaha dan piutang lain-lain berdasarkan umur          Trade receivables and other receivables based on aging
                                                                                                                                              berjalan (Catatan 23b)                     2.268.375.259              739.647.727                the year (Note 23b)
   pada 31 Desember 2021 dan 2020 adalah sebagai                 as of December 31, 2021 and 2020 are as follows:
   berikut:
                                                                                                                                           Sub total                                     3.091.627.264              823.252.005                                     Sub total
                                            2021                   2020
                                                                                                                                           Total cadangan kerugian                                                                                     Total allowance for
Piutang usaha                                                                                             Trade receivables                   penurunan nilai                           45.167.098.441           44.186.367.324                        impairment losses
Belum jatuh tempo                          1.594.872.582           3.554.456.435                                 Not yet due
                                                                                                                                           Manajemen berpendapat bahwa jumlah cadangan                            Management believes that the balance of allowance
Lewat jatuh tempo                                                                                                   Overdue
                                                                                                                                           kerugian penurunan nilai cukup untuk menutup                           for impairment losses is adequate to cover possible
31-60 hari                                    33.262.831                       -                                  31-60 days
                                                                                                                                           kemungkinan kerugian atas tidak tertagihnya piutang                    losses from the non-collections of receivables.
61-90 hari                                    13.110.285                       -                                  61-90 days
                                                                                                                                           tersebut.
Lebih dari 90 hari                        43.412.908.092          42.556.201.216                           More than 90 days

Total                                     45.054.153.790          46.110.657.651                                            Total          Tidak terdapat piutang yang dijaminkan.                                There are no accounts            receivable pledged      ass
                                                                                                                                                                                                                  collateral.
Cadangan kerugian penurunan nilai     (   42.075.471.177)   (     43.363.115.319)          Allowance for impairment losses

Piutang usaha – neto                       2.978.682.613           2.747.542.332                 Accounts receivable – net
Page 120
                                                                       These consolidated financial statements are originally                                                                         These consolidated financial statements are originally
                                                                                 issued in Indonesian language                                                                                                  issued in Indonesian language

                                              Ekshibit E/73                                                         Exhibit E/73                                              Ekshibit E/74                                                        Exhibit E/74

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                        PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                     PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                    PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED FINANCIAL                                      CATATAN ATAS LAPORAN                                  NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                                  STATEMENTS                                                 KEUANGAN KONSOLIDASIAN                                              STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                  AS OF DECEMBER 31, 2021 AND                              TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                              AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                      FOR THE YEAR THEN ENDED                                   YANG BERAKHIR PADA TANGGAL TERSEBUT                                  FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                   (Expressed in Rupiah, unless otherwise stated)                 (Disajikan dalam Rupiah, kecuali dinyatakan lain)               (Expressed in Rupiah, unless otherwise stated)

7. PIUTANG BELI EFEK DENGAN JANJI DIJUAL KEMBALI                  7. REVERSE REPO RECEIVABLES                                      8. PERSEDIAAN                                                 8. INVENTORIES

                                                  2021                  2020                                                         Akun persediaan terdiri dari:                                  Inventories account consists of:

   Mahakarya Investments Ltd.                   59.000.000.000        59.000.000.000               Mahakarya Investments Ltd.                                                      2021                2020
   Piutang bunga                                                                                            Interest receivable
     Mahakarya Investments Ltd.                 17.958.124.000        17.958.124.000              Mahakarya Investments Ltd.         Makanan dan minuman                           581.335.238          514.611.812                           Food and beverage
                                                                                                                                     Perlengkapan operasional                       93.172.435          350.672.020                           Operating supplies
   Total piutang beli efek dengan janji                                                                       Total reverse repo     Lainnya                                       133.139.231          264.264.128                                      Others
     dijual kembali-bruto                       76.958.124.000        76.958.124.000                         receivables-gross
                                                                                                                                     Total                                         807.646.904        1.129.547.960                                            Total
   Cadangan kerugian penurunan nilai      (     76.958.124.000) (     76.958.124.000)          Allowance for impairment losses
                                                                                                                                      Berdasarkan      penelaahan   terhadap    kondisi fisik       Based on the review of the condition of inventories at
   Total piutang beli efek dengan janji                                                                       Total reverse repo      persediaan      pada    akhir    periode,   manajemen         the end of the period, management is of the opinion
     dijual kembali neto                                      -                       -                      receivables-gross        berkeyakinan bahwa persediaan telah mencerminkan              that inventories reflect their net realizable value and
                                                                                                                                      nilai realisasi netonya dan tidak ada persediaan yang         there are no obsolete inventories, therefore no
   Pada bulan Agustus 2013, BLV, Entitas Anak,                       In August 2013 BLV, a subsidiary, has entered into a             dalam keadaan usang, sehingga tidak perlu dilakukan           allowance for inventory obsolescence is required as of
   menandatangani Perjanjian Penjualan dan Pembelian                 Sales and Repurhase Agreement – Repo Transaction                 penyisihan atas persediaan tersebut pada tanggal              December 31, 2021 and 2020.
   Kembali Saham – Transaksi Repo dengan Mahakarya.                  with Mahakarya. At the selling date, Mahakarya                   31 Desember 2021 dan 2020.
   Pada tanggal penjualan, Mahakarya menyerahkan                     transferred the Repo shares (collateral shares) to BLV
   saham-saham Repo (saham jaminan) kepada BLV dengan                with selling price amounting to Rp59,000,000,000.                Tidak terdapat persediaan yang dijaminkan.                    There are no inventories pledged as collateral.
   nilai penjualan sebesar Rp59.000.000.000. Sedangkan,              While, at the repurchase date, Mahakarya is required
   pada tanggal pembelian kembali, Mahakarya wajib                   to repurchase the Repo shares from BLV, at the                   Persediaan dan aset tetap, kecuali tanah (Catatan 12)         Inventory and fixed assets, except land (Note 12) are
   membeli kembali saham-saham Repo dari BLV, dengan                 repurchase price. This Repo Transaction was executed             diasuransikan untuk menutupi kemungkinan kerugian             being insured to cover possible losses against losses
   nilai pembelian kembali. Transaksi Repo ini dilakukan             with composition of repo value to collateral of 200%,            terhadap risiko kebakaran, kerusakan dan bencana alam         from fire, destruction and natural disasters to
   dengan komposisi nilai repo dibanding jaminan sebesar             Top Up ratio of 150% and Force Sell ratio of 125%. This          kepada PT Asuransi Umum BCA, pihak ketiga,                    PT Asuransi Umum BCA, third party, with the
   200%, rasio Top Up 150% dan rasio Force Sell 125%.                agreement will be expired and renewed on a monthly               dengan     nilai   pertanggungan    asuransi  sebesar         insurance coverage of Rp733,056,120,096 as of
   Perjanjian penempatan dana ini akan berakhir dan                  basis.                                                           Rp733.056.120.096 pada tanggal 31 Desember 2021 dan           December 31, 2021, and Rp738,883,557,596 as of
   diperbaharui setiap bulannya.                                                                                                      Rp738.883.557.596 pada tanggal 31 Desember 2020.              December 31, 2020.

   Pada bulan Desember 2014, Mahakarya menyerahkan                   In December 2014, Mahakarya transferred additional               Untuk PT Mandra Alila, persediaan dan aset tetap              For PT Mandra Alila, inventories and fixed assets were
   tambahan saham Repo kepada BLV dengan nilai                       Repo shares to BLV with selling price amounting to               diasuransikan kepada PT Asuransi Umum BCA, pada               insured with PT Asuransi Umum BCA, on December 31,
   penjualan sebesar Rp1.825.000.000, sehingga nilai                 Rp1,825,000,000, thus BLV’s Repo shares become                   tanggal 31 Desember 2021 dan 2020 masing-masing               2021 and 2020 with an insurance coverage of
   saham Repo BLV menjadi sebesar Rp60.825.000.000.                  Rp60,825,000,000.                                                dengan nilai pertanggungan asuransi Rp45.920.609.838          Rp45,920,609,838 and Rp46,617,384,839, respectively.
                                                                                                                                      dan Rp46.617.384.839.
   Pada bulan Maret 2015, Mahakarya menyerahkan                      In March 2015, Mahakarya transferred additional Repo
   tambahan saham Repo kepada BLV dengan nilai                       shares to BLV with selling price amounting to                    Manajemen berpendapat bahwa nilai pertanggungan               Management believes that the insurance coverage is
   penjualan sebesar Rp8.980.000.000, sehingga  nilai                Rp8,980,000,000, thus BLV’s Repo shares become                   asuransi tersebut telah memadai untuk menutupi                adequate to cover possible losses arising from such
   saham Repo BLV menjadi sebesar Rp69.805.000.000.                  Rp69,805,000,000. In 2018, Mahakarya has partially               kerugian yang mungkin timbul dari risiko tersebut.            risks.
   Pada tahun 2018, Mahakarya melakukan pembelian                    purchased back the repo shares amounting to
   73 ancer 73 73 ancer 73 73 saham repo sebesar                     Rp10.805.000.000. In 2020 theres no addition there is
   Rp10.805.000.000. Pada tahun 2020 tidak ada                       no additional repo shares and the balance is
   penambahan saham repo dan saldo menjadi                           Rp59.000.000.000 for 2020 and 2019.
   Rp 59.000.000.000 untuk tahun 2020 dan 2019.

   Pada tahun 2020, sesuai dengan PSAK 71, BLV                       In 2020, in compliance with SFAS 71, BLV fully impaired
   sepenuhnya melakukan penurunan nilai piutang reverse              the reverse repo receivables and adjustment to the
   repo dan menyesuaikan saldo laba awal sebesar                     beginning     retained     earning     amounted      to
   Rp76.958.124.000.                                                 Rp76,958,124,000

   Pada tanggal 31 Desember 2021 dan 2020, BLV mencatat              As of December 31, 2021 and 2020, BLV recorded the
   pendapatan bunga yang belum direalisasi atas Transaksi            unamortized interest on this Repo Transactions
   Repo sebesar Rp17.958.124.000.                                    amounted Rp17,958,124,000.

   Tidak terdapat piutang beli efek dengan janji dijual              There are no reverse repo receivables pledged as
   kembali yang dijaminkan.                                          collateral.
Page 121
                                                                                  These consolidated financial statements are originally                                                                                                          These consolidated financial statements are originally
                                                                                            issued in Indonesian language                                                                                                                                   issued in Indonesian language

                                                      Ekshibit E/75                                                                    Exhibit E/75                                                                  Ekshibit E/76                                                                 Exhibit E/76

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                                  PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                                      PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                                    PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                                NOTES TO THE CONSOLIDATED FINANCIAL                                                       CATATAN ATAS LAPORAN                                                  NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                                            STATEMENTS                                                                  KEUANGAN KONSOLIDASIAN                                                              STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                            AS OF DECEMBER 31, 2021 AND                                               TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                              AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                                FOR THE YEAR THEN ENDED                                                    YANG BERAKHIR PADA TANGGAL TERSEBUT                                                  FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                             (Expressed in Rupiah, unless otherwise stated)                                  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                               (Expressed in Rupiah, unless otherwise stated)

9. PENYERTAAN SAHAM                                                        9. INVESTMENTS IN SHARES OF STOCK                                               9.     PENYERTAAN SAHAM (Lanjutan)                                             9.   INVESTMENTS IN SHARES OF STOCK (Continued)

  Investasi ini dicatat dengan menggunakan metode                              These investments are recorded under the equity                                   Investasi ini dicatat dengan menggunakan metode                               These investments are recorded under the equity
  ekuitas dengan rincian sebagai berikut:                                      method with details as follows:                                                   ekuitas dengan rincian sebagai berikut:                                       method with details as follows:
                                                                        2021
                                                                                                                                                                                                                                       2020
                             Saldo awal /      Penambahan /    Pengurangan / Dekonsolidasi/     Penyesuaian /         Saldo akhir/
                          Beginning balance      Additions      Deductions Deconsolidation       Adjustment          Ending balance                                                       Saldo awal /       Penambahan /      Pengurangan / Dekonsolidasi/ Penyesuaian /       Saldo akhir/
                                                                                                                                                                                       Beginning balance       Additions        Deductions Deconsolidation Adjustment          Ending balance
  Biaya Perolehan                                                                                                                      Acquisition Cost
                                                                                                                                                                 Biaya Perolehan                                                                                                                  Acquisition Cost
  BNH                                     -                -               - 100.729.127.251                      100.729.127.251                 BNH
  KJA                        18.750.000.000                -               -               -                    - 18.750.000.000                  KJA            KJA                                   -                 -                 - 18.750.000.000                - 18.750.000.000                   KJA
  MBS                         6.880.000.000                -               -               -                    -   6.880.000.000                 MBS            MBS                       6.880.000.000                 -                 -              -                - 6.880.000.000                    MBS
  CGU                         7.800.000.000                -               -               -                    -   7.800.000.000                 CGU            CGU                       7.707.000.000        93.000.000                 -              -                - 7.800.000.000                    CGU
  PT Mutiara Berkah                                                                                                                  PT Mutiara Berkah           PT Mutiara                                                                                                                      PT Mutiara Berkah
    Sukses                    4.080.000.000                -               -               -                    -      4.080.000.000          Sukses               Berkah Sukses           4.080.000.000                  -                -               -               -    4.080.000.000             Sukses


  Sub total                  37.510.000.000                -               - 100.729.127.251                    - 138.239.127.251             Sub Total          Sub total                18.667.000.000        93.000.000                 - 18.750.000.000                - 37.510.000.000              Sub Total


  Akumulasi                                                                                                                                Accumulated           Akumulasi                                                                                                                            Accumulated
    bagian rugi                                                                                                                            share in loss           bagian rugi                                                                                                                        share in loss

  BNH                                     -                -               -(100.729.127.251)                   -( 100.729.127.251)                BNH           KJA                                   -                  -                -( 18.750.000.000)              - ( 18.750.000.000)             KJA
  KJA               (        18.750.000.000)               -               -               -                    -( 18.750.000.000)                 KJA           MBS             (         5.828.719.903)(    1.051.280.097)               -               -               - ( 6.880.000.000)              MBS
  MBS               (         6.880.000.000)               -               -               -                    -( 6.880.000.000)                  MBS           CGU             (         2.396.916.097)(      516.192.169)               -               -               - ( 2.913.108.266)              CGU
  CGU               (         2.913.108.266)      44.693.278               -               -                    -( 2.868.414.988)                  CGU           PT Mutiara                                                                                                                   PT Mutiara Berkah
  PT Mutiara Berkah                                                                                                                   PT Mutiara Berkah            Berkah Sukses (           490.292.032)(    3.589.707.968)               -               -               - ( 4.080.000.000)          Sukses
    Sukses          (         4.080.000.000)               -               -               -                    -(     4.080.000.000)          Sukses
                                                                                                                                                                 Sub total         (       8.715.928.032)(    5.157.180.234)               -( 18.750.000.000)              - ( 32.623.108.266)           Sub Total
  Sub total           (      32.623.108.266)      44.693.278                (100.729.127.251)                   -( 133.307.542.239)           Sub Total
                                                                                                                                                                 Total                     9.951.071.968                                                                        4.886.891.734               Total
  Total                       4.886.891.734                                                                            4.931.585.012             Total
                                                                                                                                                                 Ringkasan informasi keuangan entitas dengan                                    The summary of financial information of entities
                                                                                                                                                                 menggunakan metode ekuitas adalah sebagai berikut:                             under equity method is as follows:
                                                                                                                                                                                                                                        2021

                                                                                                                                                                         ENTITAS ASOSIASI/                    Aset/                   Kewajiban/                Penjualan/                 Laba (rugi)/
                                                                                                                                                                            ASSOCIATE                         Asset                    Liabilities                Sales                    Profit (loss)

                                                                                                                                                                 PT KJA*                                   445.676.909.874            299.459.608.352           128.484.435.042 (               44.544.881.788 )
                                                                                                                                                                 PT MBS                                    151.837.783.613             78.575.900.931            23.364.418.247 (                9.798.157.475 )
                                                                                                                                                                 PT CGU                                      3.116.214.075              2.898.859.395             4.673.664.096                     88.959.550
                                                                                                                                                                 PT Mutiara Berkah Sukses                   10.012.375.283              1.092.132.500                         -(                    24.637.686 )
                                                                                                                                                                                                                                        2020

                                                                                                                                                                         ENTITAS ASOSIASI/                    Aset/                   Kewajiban/                Penjualan/                 Laba (rugi)/
                                                                                                                                                                            ASSOCIATE                         Asset                    Liabilities                Sales                    Profit (loss)

                                                                                                                                                                 PT KJA*                                   460.957.665.220            275.016.166.654            92.504.550.671 (               65.584.757.961)
                                                                                                                                                                 PT MBS                                    162.051.563.336             78.990.650.582            21.629.188.297 (               10.835.530.040)
                                                                                                                                                                 PT CGU                                      2.503.441.430              2.375.046.300             4.270.708.374 (                1.028.779.906)
                                                                                                                                                                 PT Mutiara Berkah Sukses                   10.038.597.950              1.093.717.481                         -(                    21.043.766)

                                                                                                                                                                 * Tidak diaudit/Unaudited
Page 122
                                                                          These consolidated financial statements are originally                                                                                         These consolidated financial statements are originally
                                                                                    issued in Indonesian language                                                                                                                  issued in Indonesian language

                                               Ekshibit E/77                                                           Exhibit E/77                                                          Ekshibit E/78                                                            Exhibit E/78

     PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                        PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                              PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                           PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                  CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED FINANCIAL                                               CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED FINANCIAL
                 KEUANGAN KONSOLIDASIAN                                                  STATEMENTS                                                          KEUANGAN KONSOLIDASIAN                                                     STATEMENTS
      TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                  AS OF DECEMBER 31, 2021 AND                                       TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                     AS OF DECEMBER 31, 2021 AND
         YANG BERAKHIR PADA TANGGAL TERSEBUT                                      FOR THE YEAR THEN ENDED                                            YANG BERAKHIR PADA TANGGAL TERSEBUT                                         FOR THE YEAR THEN ENDED
     (Disajikan dalam Rupiah, kecuali dinyatakan lain)                   (Expressed in Rupiah, unless otherwise stated)                          (Disajikan dalam Rupiah, kecuali dinyatakan lain)                      (Expressed in Rupiah, unless otherwise stated)

9.    PENYERTAAN SAHAM (Lanjutan)                                  9.   INVESTMENTS IN SHARES OF STOCK (Continued)                         11.    ASET DALAM PEMBANGUNAN                                         11.    PROPERTY UNDER DEVELOPMENT

      Pada tanggal 1 Juli 2020, berdasarkan Akta Pernyataan             On July 1, 2020 based on the Deed of Shareholders                         Aset dalam pembangunan terdiri dari:                                  Property under development consists of:
      Keputusan Pemegang Saham No. 01 yang dibuat di                    Decision Statement No, 01 of Zulfa, S.H., M.Kn.,
      hadapan Zulfa, S.H., M.Kn., Notaris di Kabupaten                  Notary in district of Bandung, This deed has been                                                                        2021                      2020
      Bandung, Akta ini telah diterima dn dicatat di dalam              accepted and recorded in the Legal Administration
      sistem Administrasi Badan Hukum, Kementrian Hukum                 System, Ministry of Justice and Human Rights,                             Tanah                                       100.990.260.752           100.990.260.752                                    Land
      dan Hak Asasi Manusia No. AHU-0112963.AH.01.11                    registered No. AHU-0112963.AH.01.11 Year 2020 on                          Bangunan dalam pembangunan                  446.671.567.700           504.297.211.038              Building under construction
      Tahun 2020 Tanggal 15 Juli 2020, menyetujui                       15 Juli 2020, Approved the transfer of rights to shares                   Aset KSO dalam konstruksi                   694.607.518.429           684.927.098.835             Asset KSO under construction
      pemindahan hak-hak atas saham milik PT Asia Leisure               owned by PT Asia Leisure Network so that the
      Network sehingga susunan pemegang saham menjadi :                 composition of the shareholders becomes:                                  Sub total                                  1.242.269.346.881         1.290.214.570.625                                   Sub total
      - PT Bukit Uluwatu Villa Tbk, sebanyak 7.800 saham,               - PT Bukit Uluwatu Villa Tbk, totaling 7,800 shares,                      Cadangan kerugian penurunan
      masing-masing dengan nilai nominal Rp1.000.000 atau               each with a nominal value Rp1,000,000 or the full                           nilai CIP                            (    893.826.415.343) (        970.139.149.542)      Allowance for impairment Loss CIP
      nilai seluruhnya Rp7.800.000.000                                  value Rp7,800,000,000.
      - PT Global Nuansa Abadi, sebanyak 7.725 saham,                   - PT Global Nuansa Abadi, totaling 7,725 shares, each                     Jumlah                                      348.442.931.538           320.075.421.083                                           Total
      masing-masing dengan nilai nominal Rp1.000.000 atau               with a nominal value Rp1,000,000 or the full value
      nilai seluruhnya Rp7.725.000.000.                                 Rp7,725,000,000.                                                          Tanah merupakan harga perolehan tanah di Desa                          Land represent land acquisition cost in Tarabitan
                                                                                                                                                  Tarabitan (Sulawesi Utara), di Pecatu (Bali) dan di                    (North Sulawesi), Pecatu (Bali) and hotel villas at the
      Pada tanggal 31 Desember 2021 dan 2020, berdasarkan               As of December 31, 2021 and 2020, based on                                lokasi proyek Alila Villas Bintan. Pada tahun 2018                     project site Alila Villas Bintan. On 2018, included land
      pengujian yang dilakukan manajemen, tidak terdapat                impairment test performed by management, there is                         termasuk tanah di Magelang.                                            in Magelang.
      penurunan nilai atas penyertaan saham,kecuali                     no impairment on investments in shares of stocks,
      pernyataan saham pada BNH.                                        except the investment in BNH.                                             Pada 31 Desember 2021 dan 2020 bangunan dalam                          As of December 31, 2021 and 2020, building under
                                                                                                                                                  pembangunan, merupakan biaya yang digunakan untuk                      construction represents cost used for project
                                                                                                                                                  proyek pengembangan Alila Villas Bintan, Alila                         development of Alila Villas Bintan, Alila Tarabitan
10. ASET REAL ESTAT                                                10. REAL ESTATE ASSETS                                                         Tarabitan (Manado) dan The Cliff Alila Villas Uluwatu                  (Manado) and The Cliff Alila Villas Uluwatu (Bali).
                                                                                                                                                  (Bali).
      Aset real estat terdiri dari:                                     Real estate assets consist of:
                                                                                                                                                  Pada 31 Desember 2021 dan 2020, aset KSO dalam                         As of December 31, 2021 and 2020, asset KSO under
                                                   2021                     2020                                                                  konstruksi merupakan biaya yang digunakan untuk                        construction represents cost used for project
                                                                                                                                                  proyek pengembangan Alila Suites SCBD Jakarta.                         development of Alila Suites SCBD Jakarta.
      Tanah tersedia untuk dijual                              -         147.470.417.876                    Land available for sale
      Tanah dan bangunan yang                                                                              Land and building under                Mutasi aset dalam pembangunan adalah sebagai                           Movements in property under development are as
        sedang dikembangkan                                    -         162.320.415.282                            construction                  berikut:                                                               follows:

      Total                                                    -         309.790.833.158                                           Total                                                         2021                      2020

                                                   2021                     2020                                                                   Saldo awal                              1.290.214.570.625    1.419.160.112.138                                Beginning balance
                                                                                                                                                   Penambahan                                 10.218.939.585       16.709.456.776                                         Addition
      Saldo awal                                309.790.833.158          304.730.244.843                          Beginning balance
                                                                                                                                                   Pengurangan                           (    57.934.157.979) ( 131.002.322.336)                                         Deduction
      Penambahan                                              -           13.165.052.339                                   Addition                Reklasifikasi                         (       230.005.350) (    14.652.675.953)                                 Reclassification
      Pengurangan                          (    309.790.833.158) (         8.104.464.024)                                 Deduction

      Saldo akhir                                              -         309.790.833.158                             Ending balance                Sub total                                 1.242.269.346.881         1.290.214.570.625                                   Sub total
                                                                                                                                                   Cadangan kerugian penurunan
      Aset real estate merupakan tanah dan bangunan milik                Real estate assets represent land and building owned                        nilai CIP                           (     893.826.415.343) (        970.139.149.542)     Allowance for impairment Loss CIP
      entitas anak PT BNH yang terletak di Bali yang                     by subsidiary, PT BNH in Bali which have the Land
      bersertifikat Hak Guna Bangunan (SHGB).                            Rights Certificate (SHGB).                                                Saldo akhir                                 348.442.931.538           320.075.421.083                            Ending balance

      SHGB tersebut atas nama entitas anak (BNH). Masa hak               Those certificates are under the name of the                             Tanah di Desa Tarabitan (Sulawesi Utara), sebagai                      The land which is located in Desa Tarabitan (North
      guna bangunan untuk SHGB akan berakhir pada tahun                  subsidiary (BNH). The land rights for SHGB will expire                   lokasi proyek pengembangan Hotel Alila Tarabitan                       Sulawesi) for project development of Alila Tarabitan
      2024 dan dapat diperbaharui.                                       in 2024 and can be renewed.                                              (Manado) sudah dalam bentuk Hak Guna Bangunan dan                      (Manado) is already in the form of Hak Guna Bangunan
                                                                                                                                                  atas nama Perusahaan. Sisa umur hak atas tanah                         (HGB) and under the Company’s name. The remaining
      Berdasarkan      Surat     dari     Advokat      No.               Based     on     Letter     from     Advocate      No.                   bervariasi antara tahun 2038 sampai dengan tahun                       terms of the landrights are ranging from year 2038 up
      003/S.Kel/BUV/XII/2022 Pengadilan Negeri Denpasar                  003/S.Kel/BUV/XII/2022 The Denpasar District Court                       2041 dan dapat diperbaharui.                                           to year 2041 and can be renewed.
      mengeluarkan penetapan No. 463/Pdt.P/2021/PN Dps,                  issued a stipulation No. 463/Pdt.P/2021/PN Dps,
      tanggal 22 September 2021 mengenai peralihan saham                 September 22, 2021 regarding the transfer of shares                      Akumulasi biaya pinjaman yang dikapitalisasi dalam                     Accumulated borrowing cost capitalized in building
      atas nama BUVA dalam BNH kepada Bank Artha Graha                   on behalf of BUVA in BNH to Bank Artha Graha                             bangunan dalam pembangunan dan aset KSO dalam                          under construction and asset KSO under construction
      Indonesia (BAGI) maupun pihak yang ditujuk BAGI yang               Indonesia (BAGI) or BAGI’s designated party which                        konstruksi masing-masing sebesar pada 31 Desember                      amounted to respectively as of December 31, 2021
      dilakukan secara lelang maupun dibawah tangan.                     was carried out by auction or privately. (Note 35)                       2021     dan     2020     Rp139.410.072.489    dan                     and 2020 Rp139,410,072,489 and Rp146,324,388,146.
      (Catatan 35)                                                                                                                                Rp 146.324.388.146.
Page 123
                                                                                 These consolidated financial statements are originally                                                                                             These consolidated financial statements are originally
                                                                                           issued in Indonesian language                                                                                                                      issued in Indonesian language

                                                   Ekshibit E/79                                                                  Exhibit E/79                                                        Ekshibit E/80                                                                 Exhibit E/80

      PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                             PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                               PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                              PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                   CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED FINANCIAL                                                CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED FINANCIAL
                  KEUANGAN KONSOLIDASIAN                                                       STATEMENTS                                                           KEUANGAN KONSOLIDASIAN                                                        STATEMENTS
       TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                       AS OF DECEMBER 31, 2021 AND                                        TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                        AS OF DECEMBER 31, 2021 AND
          YANG BERAKHIR PADA TANGGAL TERSEBUT                                           FOR THE YEAR THEN ENDED                                             YANG BERAKHIR PADA TANGGAL TERSEBUT                                            FOR THE YEAR THEN ENDED
      (Disajikan dalam Rupiah, kecuali dinyatakan lain)                        (Expressed in Rupiah, unless otherwise stated)                           (Disajikan dalam Rupiah, kecuali dinyatakan lain)                         (Expressed in Rupiah, unless otherwise stated)

11.     ASET DALAM PEMBANGUNAN (Lanjutan)                                  11. PROPERTY UNDER DEVELOPMENT (Continued)                                 12. ASET TETAP (Lanjutan)                                              12. FIXED ASSETS (Continued)

       Sampai dengan 31 Desember 2021, pekerjaan atas aset                      Up to December 31, 2021, the construction of the                                                                                          2020
       dalam pembangunan dihentikan sementara karena                            Company’s property under development has been                                                     Saldo awal /      Penambahan /       Pengurangan /     Revaluasi /       Saldo akhir/ Ending
       alasan operasional dan finansial. Manajemen sedang                       temporarily on hold due to operational and financial                                           Beginning balance      Additions         Deductions       Revaluation             balance
       mencari solusi atas hal tersebut agar pekerjaan proyek                   issues. Management is currently addressing these                          Biaya perolehan                                                                                                             Acquisiton cost
       dapat    dimulai     kembali     untuk    menghindari                    issues to commence construction work and avoid                            Pemilikan langsung                                                                                                        Direct ownership
       keterlambatan yang berkelanjutan atas proyek ini.                        further delay of the project                                                Tanah                996.867.000.000                 -                 - ( 228.845.400.000 )      768.021.600.000                 Land
                                                                                                                                                            Bangunan             812.628.964.591    10.814.814.554 ( 235.393.084.555)                -        588.050.694.590              Building
                                                                                                                                                            Peralatan hotel      184.124.235.647     7.600.407.263 ( 124.527.486.970)                -         67.197.155.940    Hotel equipment
       Berdasarkan penilaian yang dilakukan oleh kantor                         Based on the valuation conducted by an independent                          Peralatan kantor      21.838.201.306       645.927.586 ( 3.939.066.132)                  -         18.545.062.760    Office equipment
       penilai independen KJPP Sapto, Kasmodiar & Rekan                         appraiser KJPP Sapto, Kasmodiard & Rekan in the                             Perabotan dan                                                                                                            Furniture and
       dalam laporannya tanggal 14 September 2022, Grup                         report September 14, 2022, the Group recorded a net                           perlengkapan        39.062.302.934     1.146.628.233 (      765.403.383)                 -       39.443.527.784            fixture
       mencatat pemulihan kerugian penurunan nilai atas                         recovery allowance for the impairment losses of the                         Kendaraan             11.620.607.996                 -(     4.952.161.500)                 -        6.668.446.496              Vehicles
       aset     dalam       pembangunan      neto    sebesar                    property    under    development     amounting   to
       Rp10.691.580.406 untuk tahun yang berakhir pada                          Rp10,691,580,406 for the year ended December 31,                            Total biaya                                                                                                          Total Acquisition
       tanggal 31 Desember 2021 yang menggunakan dasar                          2021 using market valuation income approach.                                  perolehan         2.066.141.312.474   20.207.777.636 ( 369.577.202.540)( 228.845.400.000 )    1.487.926.487.570               Cost
       penilaian nilai pasar dengan pendekatan pendapatan.                                                                                                Akumulasi                                                                                                                     Accumulated
                                                                                                                                                            Penyusutan                                                                                                                depreciation
       Dari segi keuangan, persentase penyelesaian aset                         From a financial perspective, the percentage of                           Pemilikan langsung                                                                                                        Direct ownership
       dalam pembangunan Perusahaan per 31 Desember 2021                        completion of assets under construction as of                               Bangunan             234.677.943.240    32.777.744.427 ( 24.183.953.111)                   -      243.271.734.556              Building
       dan 31 Desember 2020 adalah sebesar 82,85%.                              December 31, 2021 and 2020 were 82.85%.                                     Peralatan hotel       83.084.685.745     4.469.549.392 ( 32.550.811.885)                   -       55.003.423.252    Hotel equipment
                                                                                                                                                            Peralatan kantor      15.536.509.602     1.363.439.491 ( 1.548.500.926)                    -       15.351.448.167    Office equipment
       Aset dalam pembangunan digunakan sebagai jaminan                         Property under development are pledged as collateral                        Perabotan dan                                                                                                            Furniture and
       atas utang bank jangka panjang (Catatan 19).                             for long-term bank loans (Note 19).                                           perlengkapan        31.981.208.472     3.733.326.891 (      272.969.008)                 -       35.441.566.355            Fixture
                                                                                                                                                            Kendaraan              5.282.692.985     1.925.934.205 (    2.424.075.817)                 -        4.784.551.373              Vehicles

                                                                                                                                                                                                                                                                                           Total
12.    ASET TETAP                                                         12. FIXED ASSETS                                                                  Total akumulasi                                                                                                        accumulated
                                                                                                                                                              penyusutan         370.563.040.044    44.269.994.406 ( 60.980.310.747)                   -      353.852.723.703      depreciation
       Aset tetap terdiri dari:                                                Fixed Assets consist of:
                                                                                                                                                          Nilai Buku            1.695.578.272.430                                                           1.134.073.763.867           Book Value
                                                                       2021
                               Saldo awal /      Penambahan /       Pengurangan /      Reklasifikasi /   Saldo akhir/ Ending                             Seluruh aset tetap kecuali kendaraan digunakan sebagai                   Fixed assets except vehicles had been pledged as
                            Beginning balance      Additions         Deductions       Reclassification         balance                                   jaminan atas utang bank (Catatan 19).                                    collateral for bank loans (Note 19).
       Biaya perolehan                                                                                                              Acquisiton cost
       Pemilikan langsung                                                                                                         Direct ownership       Kendaraan tertentu digunakan sebagai jaminan atas                        Certain vehicles had been pledged as collateral for
         Tanah                768.021.600.000                 -                  -                  -       768.021.600.000                 Land         utang pembiayaan kendaraan bermotor (Catatan 19).                        liability for car financing (Note 19).
         Bangunan             588.050.694.590     2.482.343.050                  -         93.860.000       590.626.897.640              Building
         Peralatan hotel       67.197.155.940     1.387.968.240 (      81.113.100 )       136.145.350        68.640.156.430    Hotel equipment           Sejak tanggal 31 Desember 2015, Perusahaan mengubah                      Since December 31, 2015, the Company has changed its
         Peralatan kantor      18.545.062.760                 -(          395.000 )                 -        18.544.667.760    Office equipment          kebijakan akuntansi untuk pengukuran tanah menjadi                       accounting policy for the measurement of land to the
         Perabotan dan                                                                                                             Furniture and         model revaluasi.                                                         revaluation model.
           perlengkapan        39.443.527.784       547.087.886 (     8.581.050 )                    -       39.982.034.620            fixture
         Kendaraan              6.668.446.496                 - ( 1.119.500.000 )                    -        5.548.946.496              Vehicles        Jika tanah diukur menggunakan model biaya, nilai                         If land was measured using the cost model, the
                                                                                                                                                         tercatatnya adalah sebesar Rp137.367.136.650 pada                        carrying amounts is Rp137,367,136,650 as of December
         Total biaya                                                                                                           Total Acquisition
           perolehan         1.487.926.487.570    4.417.399.176 ( 1.209.589.150 )         230.005.350     1.491.364.302.946               Cost
                                                                                                                                                         tanggal 31 Desember 2021 dan 2020. Surplus revaluasi                     31, 2021 and 2021. Revaluation surplus which is
                                                                                                                                                         yang diakui dalam penghasilan komprehensif lain dan                      recorded in other comprehensive income and
       Akumulasi                                                                                                                      Accumulated        terakumulasi dalam ekuitas pada bagian “Revaluasi                        accumulated in equity under the account of
         Penyusutan                                                                                                                 depreciation
                                                                                                                                                         Aset Tetap” menghasilkan penurunan nilai sebesar                         “Revaluation of Fixed Assets” resulted to a decrease in
       Pemilikan langsung                                                                                                         Direct ownership
         Bangunan             243.271.734.556    32.980.221.794                 -                    -      276.251.956.350              Building        Rp228.845.400.000 untuk tahun yang berakhir pada                         value of Rp228,845,400,000 for the year ended
         Peralatan hotel       55.003.423.252     4.111.559.338 (      81.113.094 )                  -       59.033.869.496    Hotel equipment           tanggal 31 Desember 2020.                                                December 31, 2020.
         Peralatan kantor      15.351.448.167     1.753.717.677                 -                    -       17.105.165.844    Office equipment
         Perabotan dan                                                                               -       37.907.378.618        Furniture and         Nilai wajar tanah ditentukan dengan menggunakan                          The fair value of land is determined using the market
           perlengkapan        35.441.566.355     2.474.268.328 (       8.456.065 )                                                    Fixture           perbandingan harga pasar. Hal ini berarti penilaian                      price comparison method. This means that the
         Kendaraan              4.784.551.373     1.331.303.095 (     728.145.783 )                  -        5.387.708.685              Vehicles        yang dilakukan oleh penilai didasarkan pada harga                        valuation made by the appraiser is based on active
                                                                                                                                         Total
                                                                                                                                                         pasar aktif, yang disesuaikan secara signifikan untuk                    market prices, which are adjusted significantly for
         Total akumulasi                                                                                                         accumulated             perbedaan pada sifat, lokasi dan kondisi dari tanah                      differences in the nature, location and condition of
           penyusutan         353.852.723.703    42.651.070.232 (     817.714.942 )                  -      395.686.078.993      depreciation            yang dinilai. Nilai wajar tanah didasarkan pada                          the land being appraised. The fair value of the land is
                                                                                                                                                         penilaian yang dilakukan oleh KJPP Sapto, Kasmodiard                     based on an appraisal made by KJPP Sapto, Kasmodiard
       Nilai Buku            1.134.073.763.867                                                            1.095.678.223.953           Book Value         & Rekan, penilai independen yang terdaftar                               &    Rekan,    independent     appraisers     registered
                                                                                                                                                         pada OJK, dalam laporannya No.01924/2.0084-                              with OJK, in their report No.01924/2.0084-
                                                                                                                                                         00/PI/03/0274/1/IX/2022 untuk Alila Uluwatu dan                          00/PI/03/0274/1/IX/2022 for Alila Uluwatu and
                                                                                                                                                         No. 01926/2.0084-00/PI/03/0274/1/IX/2022 untuk Alila                     No. 01926/2.0084-00/PI/03/0274/1/IX/2022 for Alila
                                                                                                                                                         Ubud tanggal 14 September 2022.                                          Ubud both dated September 14, 2022.
Page 124
                                                                         These consolidated financial statements are originally                                                                         These consolidated financial statements are originally
                                                                                   issued in Indonesian language                                                                                                  issued in Indonesian language

                                               Ekshibit E/81                                                          Exhibit E/81                                              Ekshibit E/82                                                        Exhibit E/82

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                          PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                       PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                  PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED FINANCIAL                                        CATATAN ATAS LAPORAN                                NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                                    STATEMENTS                                                   KEUANGAN KONSOLIDASIAN                                            STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                    AS OF DECEMBER 31, 2021 AND                                TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                            AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                        FOR THE YEAR THEN ENDED                                     YANG BERAKHIR PADA TANGGAL TERSEBUT                                FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                     (Expressed in Rupiah, unless otherwise stated)                   (Disajikan dalam Rupiah, kecuali dinyatakan lain)             (Expressed in Rupiah, unless otherwise stated)

12. ASET TETAP (Lanjutan)                                           12. FIXED ASSETS (Continued)                                      13. ASET HAK GUNA – NETO                                     13. RIGHTS OF USE ASSETS
    Sebagai tambahan, pada 31 Desember 2020 nilai wajar                 In addition, as of December 31, 2020 the fair value of the
                                                                                                                                         Aset hak guna merupakan sewa asset yang dibukukan             The right of use assets represent the lease of
    tanah   Perusahaan    adalah    masing-masing    sebesar            Company’s land amounted to Rp551,642,000,000 for Alila
    Rp551.642.000.000    untuk      Alila   Uluwatu     dan             Uluwatu and Rp216,379,600,000 for Alila Ubud,                    sesuai dengan persyaratan PSAK No. 73 dengan rincian          properties which are accounted for in accordance with
    Rp216.379.600.000 untuk Alila Ubud. Sedangkan nilai                 respectively while the total fair value of the hotel             sebagai berikut:                                              requirements of SFAS No. 73 with 82 ancer 82 as
    wajar hotel yang meliputi, Alila Uluwatu dan Alila Ubud             building comprising of Alila Uluwatu and Alila Ubud                                                                            follows:
    adalah   sebesar   Rp730.268.000.000     pada    tanggal            amounted to Rp730,268,000,000 as of December 31, 2020.
    31 Desember 2020.                                                                                                                                                           1 Januari /        Penambahan/            Reklasifikasi/          31 Desember/
                                                                                                                                                       2021                    January 2021          Addition            Reclassification        December 2021
    Beban penyusutan untuk tahun yang berakhir pada tanggal             Depreciation     expense   for    the    years   ended
    31 Desember 2021 dan 2020 masing-masing sebesar                     December     31,    2021  and    2020   amounting    to
    Rp42.649.832.864 dan Rp44.269.994.406 (Catatan 23b)                 Rp42,649,832,864 and Rp44,269,994,406, respectively              Biaya perolehan/Acquisition Cost
    dicatat sebagai bagian dari akun “Beban Umum dan                    (Note 23b), was recorded as a part of “General and               Tanah / Land                            31.762.877.201                   -                         -       31.762.877.201
    Administrasi – Biaya Penyusutan dan Amortisasi”.                    Administrative Expenses – Depreciation and Amortization          Bangunan / Buildings                     3.548.407.714                   -                         -        3.548.407.714
                                                                        Expenses”.
                                                                                                                                         Total                                   35.311.284.915                   -                         -       35.311.284.915
    Rincian Rugi penjualan aset tetap adalah sebagai berikut:           The details of loss on sale of fixed assets are as follows:
                                                2021                     2020                                                            Akumulasi Amortisasi/
     Hasil penjualan                              565.000.000             2.005.200.000                          Proceeds from sale      Accumulated Amortization
     Nilai buku                         (         728.145.783 ) (         2.381.416.447)                             Net book value      Tanah / Land                             8.134.038.574      1.627.318.852                          -        9.761.357.426
                                                                                                                                         Bangunan / Buildings                       709.681.543        709.681.543                          -        1.419.363.086
     Rugi penjualan dan                                                                                  Loss on sale and disposal
       penghapusan aset tetap           (         163.145.783) (            376.216.447)                          of fixed assets
                                                                                                                                         Total                                    8.843.720.117      2.337.000.395                          -       11.180.720.512
    Tanah dan bangunan yang terletak di Desa Melinggih                  Land and building located in Desa Melinggih Kelod, Bali,
    Kelod, Bali sebagai lokasi hotel Alila Ubud sudah dalam             where the Alila Ubud Hotel is located, are already in the        Nilai Tercatat / Carrying Amount        26.467.564.798                                                     24.130.564.403
    bentuk Hak Guna Bangunan dan atas nama Perusahaan                   form of HGB and under the name of the Company up to
    sampai dengan tahun 2024 dan dapat diperbaharui.                    year 2024 and can be renewed.
                                                                                                                                                                               1 Januari 2020
    Tanah dan bangunan yang terletak di daerah Pecatu, Bali             Land and building located in Pecatu, Bali where the Alila                                           (dampak penerapan
    sebagai lokasi hotel dan villa Alila Villas Uluwatu sudah           Villas Uluwatu Hotel is located, are already in the form of                                               PSAK 73)/
    dalam bentuk Hak Guna Bangunan (HGB) dan atas nama                  HGB and under the name of the Company. The remaining
                                                                                                                                                                              January 1, 2020
    Perusahaan. Sisa umur tanah bervariasi antara tahun 2024            terms of the landrights are ranging from year 2024 up to
                                                                                                                                                                             (effect of adopting   Penambahan/              Revaluasi/            31 Desember/
    sampai dengan tahun 2040 dan dapat diperbaharui.                    year 2040 and can be renewed.
                                                                                                                                                       2020                       PSAK 73)           Addition              Revaluation           December 2020
    Perusahaan telah mengasuransikan aset tetap dan                     The Company has insured its fixed assets and inventories
    persediaan (Catatan 9) untuk menutupi kemungkinan                   (Note 9) to cover possible losses against losses from fire,      Biaya perolehan/Acquisition Cost
    kerugian terhadap risiko kebakaran, kerusakan dan                   destruction and natural disasters to PT Asuransi Umum
                                                                                                                                         Tanah / Land                            31.762.877.201                  -                          -       31.762.877.201
    bencana alam kepada PT Asuransi Umum BCA, pihak                     BCA, third party, with the insurance coverage of
                                                                                                                                         Bangunan / Buildings                                 -      3.548.407.714                          -        3.548.407.714
    ketiga, dengan nilai pertanggungan asuransi masing-masing           Rp733,056,120,096 as of December 31, 2021, and
    sebesar Rp733.056.120.096 pada tanggal 31 Desember                  Rp738,883,557,596 as of December 31, 2020.
    2021 dan Rp738.883.557.596 pada tanggal 31 Desember                                                                                  Total                                   31.762.877.201      3.548.407.714                          -       35.311.284.915
    2020.
                                                                                                                                         Akumulasi Amortisasi/
    Untuk PT MA, persediaan dan aset tetap diasuransikan                For PT MA, inventories and fixed assets are insured with
                                                                                                                                         Accumulated Amortization
    kepada PT Asuransi Umum BCA, pihak ketiga dengan nilai              PT Asuransi Umum BCA, a third party with an insurance
    pertanggungan     asuransi  masing-masing     sebesar               coverage of Rp45,920,609,838 and Rp46,617,384,839 as of
                                                                                                                                         Tanah / Land                             7.391.537.574       742.501.000                           -        8.134.038.574
    Rp45.920.609.838 dan Rp46.617.384.839 pada tanggal                  December 31, 2021 and 2020, respectively.                        Bangunan / Buildings                                 -       709.681.543                           -          709.681.543
    31 Desember 2021 dan 2020.
                                                                                                                                         Total                                    7.391.537.574      1.452.182.543                          -        8.843.720.117
    Manajemen berpendapat bahwa nilai pertanggungan                     Management believes that the insurance coverage is
    asuransi tersebut telah memadai untuk menutupi kerugian             adequate to cover possible losses arising from such risks.
    yang mungkin timbul dari risiko tersebut.                                                                                            Nilai Tercatat/ Carrying Amount         24.371.339.627                                                     26.467.564.798

    Pada tanggal 31 Desember 2021 dan 2020 jumlah tercatat              As of December 31, 2021 and 2020, the gross amount of
    bruto dari setiap aset tetap yang telah disusutkan penuh            fixed assets which have been fully depreciated and are            Akun ini sebagian besar merupakan sewa lahan atas            This account mostly represents rented land of hotel by
    dan masih digunakan sebesar Rp64.512.517.071 dan                    still  used   amounted    to   Rp64,512,517,071    and            hotel PT Mandra Alila (MA), entitas anak. MA                 PT Mandra Alila (MA), a subsidiary. MA entered into
    Rp59.668.102.352.                                                   Rp59,668,102,252.                                                 mengadakan beberapa perjanjian (melalui memo                 several land agreements (under a memorandum of
    Berdasarkan penelaahan atas total aset tetap yang dapat             Based on the assessment of the recoverability of fixed            kesepahaman) untuk melakukan sewa beberapa bidang            understanding) to rent several parcels of land with a
    diperoleh kembali, manajemen Perusahaan berkeyakinan                assets, management believes that there are no events or           tanah seluas 26.350m2 untuk periode 18 sampai 27             total area of 26,350 m2 for a period of 18 to 27 years
    bahwa tidak ada kejadian-kejadian atau perubahan-                   changes in circumstances, which may indicate impairment           tahun, yang akan berakhir pada tahun yang berbeda            from 1992 up to 2032. The rented parcels of land
    perubahan keadaan yang mengindikasikan adanya                       in value of fixed assets as of December 31, 2021 and 2020.        mulai tahun 1992 sampai dengan tahun 2032. Bidang            which are located in Karangasem, Bali, are used for
    penurunan nilai aset tetap        pada tanggal-tanggal                                                                                tanah yang disewakan berlokasi di Karangasem, Bali,          the hotel.
    31 Desember 2021 dan 2020.                                                                                                            yang digunakan untuk hotel.
Page 125
                                                                     These consolidated financial statements are originally                                                                            These consolidated financial statements are originally
                                                                               issued in Indonesian language                                                                                                     issued in Indonesian language

                                              Ekshibit E/83                                                       Exhibit E/83                                                  Ekshibit E/84                                                       Exhibit E/84

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                      PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                       PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                    PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                    NOTES TO THE CONSOLIDATED FINANCIAL                                        CATATAN ATAS LAPORAN                                  NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                                STATEMENTS                                                   KEUANGAN KONSOLIDASIAN                                              STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                AS OF DECEMBER 31, 2021 AND                                TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                              AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                    FOR THE YEAR THEN ENDED                                     YANG BERAKHIR PADA TANGGAL TERSEBUT                                  FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                 (Expressed in Rupiah, unless otherwise stated)                   (Disajikan dalam Rupiah, kecuali dinyatakan lain)               (Expressed in Rupiah, unless otherwise stated)

14. ASET TIDAK LANCAR LAINNYA                                    14. OTHER NON-CURRENT ASSETS                                      15. UTANG                                                      15. ACCOUNTS PAYABLE

   Aset tidak lancar lainnya terdiri dari:                          Other non-current assets consist of:                              Utang kepada pihak ketiga terdiri dari:                        Payables to third parties consist of:

                                                  2021                2020                                                                                                         2021                 2020
                                                                                                                                      Utang usaha                                                                                                Trade payables
   Uang muka pembelian saham                   262.901.573.178      265.208.000.000          Advances for purchase of shares            Pihak berelasi (Catatan 5)                7.014.630.040        5.756.171.692                  Related parties (Note 5)
   Uang muka pembelian                          52.363.522.951       71.691.741.968                   Advances for purchase
   Uang jaminan                                  1.584.159.464        1.630.662.496                         Security deposit            Pihak ketiga                                                                                               Third parties
   Uang muka aset                                  859.822.500        2.275.565.950                        Advance forasset               Rupiah                                                                                                       Rupiah
   Piutang lain-lain                               181.563.153          181.563.153                        Other receiveable
   Sewa jangka panjang                                                                                                                    Mulia Artha Sejahtera                     849.200.990          979.225.990                  Mulia Artha Sejahtera
     dibayar dimuka – neto                          27.537.500           36.087.500                          Prepaid rent – net           Dian Mandiri                              647.802.700          361.150.000                             Dian Mandiri
   Lain-lain                                       273.710.962        1.091.220.763                                     Others            Nengah Daging                             517.115.160          282.328.410                          Nengah Daging
                                                                                                                                          Yoga Nata                                 450.332.915          445.738.315                               Yoga Nata
   Total aset tidak lancar lainnya             318.191.889.708      342.114.841.830          Total other non-current assets               PT Mastrada Surya                         423.573.567                    -                       PT Mastrada Surya
                                                                                                                                          PT Micros Fidelio Indonesia               281.329.065                    -             PT Micros Fidelio Indonesia
   Tidak terdapat     aset   tidak   lancar   lainnya   yang        There are no other non-current assets pledged as                      Ari Canti Rumah Sakit                     323.900.000          257.960.000                   Ari Canti Rumah Sakit
   dijaminkan.                                                      collateral.                                                           Putu Rossy                                278.967.000          257.105.000                               Putu Rossy
                                                                                                                                          Sabre                                               -          322.339.406                                     Sabre
   Pada tanggal 31 Desember 2021 dan 2020, uang muka                As of December 31, 2021 and 2020, advances for                        Lainnya (masing-masing kurang                                                         Others (each less than Rp250
   pembelian saham terdiri dari:                                    purchase of shares of stock consist of:                                  dari 250 juta)                       8.864.922.794        8.793.776.451                               million)

                                                                                                                                        Sub total                                12.637.144.191       11.699.623.572                                  Sub total
                                                  2021                2020
                                                                                                                                      Utang lain-lain                                                                                            Other payables
   Pihak Berelasi (Catatan 5)                   53.826.100.000       54.053.800.000                  Related parties (Note 5)
                                                                                                                                        Pihak ketiga                                                                                               Third parties
                                                                                                                                          Rupiah                                                                                                       Rupiah
   Pihak ketiga                                                                                                    Third parties
                                                                                                                                          Ometraco Arya Samanta                  16.218.849.952       16.218.849.952               Ometraco Arya Samanta
     PT Anugerah Luhur Sejati                  105.033.723.178      107.112.450.000                 PT Anugerah Luhur Sejati
                                                                                                                                          PT Hutama Karya                        13.018.115.687        5.309.399.770                       PT Hutama Karya
     PT Citra Inti Sejati                       77.123.750.000       77.123.750.000                        PT Citra Inti Sejati           HYATT                                   3.643.144.395                    -                                  HYATT
     PT Nusapacific Island Investment           26.918.000.000       26.918.000.000          PT Nusapacific Island Investment             PT Asuransi umum BCA                    3.052.535.031        1.602.234.469                 PT Asuransi umum BCA
                                                                                                                                          Danayasa Arthatama                      2.448.287.794                    -                   Danayasa Arthatama
   Sub total                                   209.075.473.178      211.154.200.000                                    Sub total          Woha Design Pte. Ltd.                   2.343.119.334        6.553.003.051                  Woha Design Pte. Ltd.
                                                                                                                                          PT Nusapacific Island Investment        1.895.468.135        1.115.742.308       PT Nusapacific Island Investment
   TOTAL                                       262.901.573.178      265.208.000.000                                       TOTAL           KMPG Samjong                            1.595.439.104        1.588.072.448                          KPMG Samjong
                                                                                                                                          Trust Investment                        1.566.000.000        1.566.000.000                       Trust Investment
   Uang muka pembelian saham pada PT Anugerah Luhur                 Advances for the purchase of shares in PT Anugerah                    PT Bakti Artha Reksa Sejahtera          1.495.594.371                    -        PT Bakti Artha Reksa Sejahtera
   Sejati, PT Laksana Agung Semesta, PT Dialog Utama                Luhur Sejati, PT Laksana Agung Semesta, PT Dialog                     PT Schneider Indonesia                  1.170.764.751        1.170.764.751                 PT Schneider Indonesia
   Internasional, PT Dialog Utama Internasional, PT Citra           Utama Internasional, PT Dialog Utama Internasional,                   Anugerah Luhur Sejati                   1.095.170.644       13.275.896.329                  Anugerah Luhur Sejati
   Inti Sejati, PT Khariswa Jawara Abadi dan                        PT Citra Inti Sejati, PT Khariswa Jawara Abadi and                    Hakkasan                                1.057.875.788        1.057.875.788                               Hakkasan
   PT Nusapacific Island Investments dijelaskan lebih               PT Nusapacific Island Investments are further                         PT Hardi Agung Perkasa                  1.045.453.425        1.045.453.425                PT Hardi Agung Perkasa
   lanjut dalam Catatan 5.                                          explained in Note 5.                                                  PT 3D Network Indonesia                   948.541.175        2.660.150.991              PT 3D Network Indonesia
                                                                                                                                          PT Vitra Graha Interia                    512.201.259        1.038.972.009                  PT Vitra Graha Interia
   Pada tanggal 31 Desember 2021 dan 2020, uang muka                As of December 31, 2021 and 2020, advance for                         PT Kharisma Jawara Propertindo                      -       45.750.000.000       PT Kharisma Jawara Propertindo
   pembelian sebagian besar merupakan uang muka                     purchase mostly consists of advance for the purchase                  PT Bali Hope                                        -        9.152.880.000                            PT Bali Hope
   pembelian atas tanah di Pecatu, Bali dan di Desa                 of land in Pecatu, Bali and in Desa Sebong, Lagoi,                    PT Recta Construction                               -        7.886.728.671                  PT Recta Construction
   Sebong, Lagoi, Bintan dan uang muka kepada kontraktor            Bintan and advance payment to contractors for                         PT Karya Intertek Kencana                           -        3.471.630.614             PT Karya Intertek Kencana
   atas jasa konstruksi sehubungan dengan pembangunan               construction services in connection with the                          CV Mandiri Gunaindo                                 -        2.414.629.662                   CV Mandiri Gunaindo
   proyek Perusahaan dan entitas anaknya.                           construction of the projects of the Company and its                   Belicia Dekorindo Abadi                             -        2.320.866.896                Belicia Dekorindo Abadi
                                                                    subsidiaries.                                                         Lainnya (masing-masing kurang                                                       Others (each less than Rp500
                                                                                                                                             dari Rp500 juta)                    40.531.379.551       41.502.903.718                                million)

                                                                                                                                        Sub total                                93.637.940.396      166.702.054.852                                  Sub total

                                                                                                                                        Total                                   113.289.714.627      184.157.850.116                                            Total
Page 126
                                                                             These consolidated financial statements are originally                                                                                     These consolidated financial statements are originally
                                                                                       issued in Indonesian language                                                                                                              issued in Indonesian language

                                                   Ekshibit E/85                                                          Exhibit E/85                                                       Ekshibit E/86                                                             Exhibit E/86

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                             PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                          PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                           PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED FINANCIAL                                           CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                                       STATEMENTS                                                      KEUANGAN KONSOLIDASIAN                                                     STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                       AS OF DECEMBER 31, 2021 AND                                   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                     AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                                           FOR THE YEAR THEN ENDED                                        YANG BERAKHIR PADA TANGGAL TERSEBUT                                         FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)                        (Expressed in Rupiah, unless otherwise stated)                      (Disajikan dalam Rupiah, kecuali dinyatakan lain)                      (Expressed in Rupiah, unless otherwise stated)

15. UTANG (Lanjutan)                                                   15. ACCOUNTS PAYABLE (Continued)                                       17. PERPAJAKAN                                                     17. TAXATION

    Rincian utang menurut jenis mata uang adalah sebagai                   Details of accounts payable by currency are as follows:               a. Pajak Dibayar Dimuka                                               a.    Prepaid Taxes
    berikut:

                                                          2021               2020                                                                   Pajak dibayar dimuka terdiri dari:                                      Prepaid taxes consist of:

    Rupiah                                          107.136.584.583       172.832.421.976                           Indonesian Rupiah                                                           2021                        2020
    Dolar AS                                                                                                                 US Dollar
      (US$ 244.686 pada 2021 dan                                                                            (US$ 244,686 in 2021 and                Pajak penghasilan                                                                                                     Income tax
         US$315.485 pada 2020)                         3.491.430.556        4.449.912.706                      US$315,485 in 2020)                    Pasal 21                                     17.716.248                 18.233.183                                 Article 21
    Dolar Singapura                                                                                                   Singapore Dollar              Pajak Pertambahan Nilai                                 -                 32.765.802                            Valued Added Tax
      (SGD 250.924 pada 2021 dan                                                                            (SGD 250,924 in 2021 and
         SGD644.135 pada 2020)                         2.643.233.416        6.856.172.940                      SGD644,135 in 2020)                  Jumlah                                         17.716.248                 50.998.985                                         Total
    Euro                                                                                                                          Euro
      (EUR 860 pada 2021 dan                                                                                    (EUR860 in 2021 and              b. Utang Pajak                                                         b. Taxes Payable
         EUR860 pada 2020)                                13.869.220          14.903.800                           EUR860 in 2020)
    Yuan China                                                                                                             China Yuan               Utang pajak terdiri dari:                                                 Taxes payable consist of:
      (CNY2.054 pada 2021 dan                                                                                 (CNY 2,054 in 2021 and
         CNY2.054 pada 2020)                               4.596.852            4.438.694                          CNY2,054 in 2020)                                                           2021                     2020
    Total                                           113.289.714.627       184.157.850.116                                             Total
                                                                                                                                                    Pajak penghasilan                                                                                                   Income tax
    Analisa umur utang adalah sebagai berikut:                              The aging analysis of accounts payable are as follows:                    Pasal 21                                10.161.269.133            9.512.143.529                                  Article 21
                                                                                                                                                      Pasal 23                                 1.072.369.895            1.093.738.343                                  Article 23
                                                       2021                  2020                                                                     Pasal 4(2)                               1.517.086.644            1.557.632.182                                Article 4(2)
    Kurang dari 31 hari                               4.820.101.781        4.673.072.301                               Less than 31 days              Pasal 26                                    50.430.830               91.743.311                                  Article 26
    31 sampai 60 hari                                 2.323.645.323        1.222.624.295                                31 up to 60 days              Pasal 29                                 4.551.607.561            5.003.484.325                                  Article 29
    61 sampai 90 hari                                 1.320.206.790        1.029.494.798                                61 up to 90 days            Pajak hotel dan restoran (PB 1)           10.804.354.898            7.192.798.280             Hotel and restaurant taxes (PB 1)
    Lebih dari 90 hari                              104.825.760.733      177.232.658.722                              More than 90 days             Pajak bumi dan bangunan                    5.578.349.202                        -                        Land and building tax
                                                                                                                                                    Pajak Pertambahan Nilai                    1.771.988.788              982.101.605                            Valued Added Tax
    Total                                           113.289.714.627      184.157.850.116                                              Total
                                                                                                                                                    Jumlah                                    35.507.456.951           25.433.641.575                                            Total
    Utang usaha merupakan utang kepada pemasok sehubungan                   Trade payables are payables to suppliers in connection
    dengan operasional hotel. Sedangkan “Utang Lain-lain”                   with the operation of hotels. While “Other Payables” are             c. Pajak Penghasilan                                                  c.     Income Tax
    terutama merupakan utang kepada pemasok dan kontraktor                  primarily payables to suppliers and contractors of the
    Perusahaan dan entitas anak atas pembelian persediaan                   Company and its subsidiaries for the purchase of supplies               Rekonsiliasi rugi sebelum pajak final dan beban pajak                     The reconciliation between loss before final tax and
    dan jasa konsultan sehubungan dengan pembangunan Alila                  and consulting services in connection with the                          penghasilan yang disajikan dalam laporan laba rugi dan                    income tax expense as shown in the consolidated
    Villas Uluwatu, Alila Villas Bintan, Alila Villas Manado, Alila         construction of Alila Villas Uluwatu, Alila Villas Bintan,              penghasilan komprehensif lain konsolidasian dan rugi                      statement of profit loss and other comprehensive
    Suites SCBD Jakarta dan The Cliff Alila Villas Uluwatu.                 Alila Villas Manado, Alila Suites SCBD Jakarta and The                  fiskal adalah sebagai berikut:                                            income and fiscal loss is as follows:
                                                                            Cliff Alila Villas Uluwatu.
                                                                                                                                                                                                2021                        2020
    Perusahaan tidak memberikan          garansi   atau   jaminan           The Company does not provide guarantee or collateral
    terhadap utang tersebut.                                                for the above payables.                                                 Rugi sebelum pajak final dan
                                                                                                                                                       manfaat (beban) pajak                                                                                  Loss before final tax
                                                                                                                                                       Penghasilan                       (    361.395.221.258)    ( 1.179.220.472.760)            and income tax benefit (expense)
16. BEBAN YANG MASIH HARUS DIBAYAR                                     16. ACCRUED EXPENSES                                                         Eliminasi                            (     98.431.342.704)    (   879.913.259.284)                                 Elimination
    Beban yang masih harus dibayar terdiri dari:                            Accrued expenses consist of:                                            Sebelum eliminasi                    (    459.826.563.962)    ( 2.059.133.732.044)                             Before elimination

                                                     2021                  2020                                                                     Ditambah: Rugi entitas anak                                                                                         Add: Loss from
                                                                                                                                                      sebelum beban pajak                                                                               subsidiaries before income
    Bunga                                          408.501.368.207      272.761.785.335                                         Interest              penghasilan                             118.031.151.820         1.074.855.970.171                                tax expense
    Jasa manajemen                                   4.542.526.348        2.405.218.079                                Management fee
    Pemasaran dan penjualan                          4.149.636.745        2.832.482.978                            Sales and marketing              Rugi Perusahaan sebelum beban                                                                                      Loss before tax
    Proyek                                           2.578.439.624        4.841.832.837                                     Project cost              pajak penghasilan                  (    341.795.412.142)    (    984.277.761.873)                   expense of the Company
    Listrik, air dan telekomunikasi                  1.896.045.106        1.446.236.486      Electricity, water and telecommunication               Beda temporer                                                                                           Temporary differences
    Komisi kamar                                       825.943.585          751.522.653                      Accrued room commission                Penyisihan imbalan pasca-kerja                                                                                Provision for post
    Insentif                                           650.634.651                    -                                   Incentive Fee               karyawan                                  5.166.722.626               4.878.696.690                 employment benefits
    Jasa Profesional                                   506.125.000                    -                                 Profesional fee             Amortisasi aset hak guna                      716.838.853               1.452.182.543         Amortisation of right of use asset
    GA & IT                                                      -        5.501.766.950                                         GA & IT             Beban bunga sewa                               69.288.560                  93.298.456                     Cost of interest rent
    Lainnya (masing-masing kurang dari                                                                                                              Laba penjualan asset                 (        207.645.783)    (           376.216.447)             Gain on sale of fixed assets
      Rp500 juta)                                   50.327.571.364       10.025.331.395          Others (each less than Rp500 million)              Beban sewa                                              -     (           867.471.600)                              Cost of rent
                                                                                                                                                    Beban kerugian penurunan nilai                980.731.117               3.370.099.733                       Cost of impairment
    Total                                          473.978.290.630      300.566.176.713                                               Total
                                                                                                                                                                                                6.725.935.373               8.550.589.375
Page 127
                                                                     These consolidated financial statements are originally                                                                                           These consolidated financial statements are originally
                                                                               issued in Indonesian language                                                                                                                    issued in Indonesian language

                                          Ekshibit E/87                                                           Exhibit E/87                                                            Ekshibit E/88                                                             Exhibit E/88

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                      PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                            PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                               PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                    NOTES TO THE CONSOLIDATED FINANCIAL                                             CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                                STATEMENTS                                                        KEUANGAN KONSOLIDASIAN                                                         STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                AS OF DECEMBER 31, 2021 AND                                     TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                         AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                    FOR THE YEAR THEN ENDED                                          YANG BERAKHIR PADA TANGGAL TERSEBUT                                             FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                 (Expressed in Rupiah, unless otherwise stated)                        (Disajikan dalam Rupiah, kecuali dinyatakan lain)                          (Expressed in Rupiah, unless otherwise stated)

17. PERPAJAKAN (Lanjutan)                                     17. TAXATION (Continued)                                              17.    PERPAJAKAN (Lanjutan)                                               17. TAXATION (Continued)

                                                                                                                                           d. Aset pajak tangguhan:                                                  d.    Deferred tax asset:
    c. Pajak Penghasilan (Lanjutan)                                 c. Income Tax (Continued)
                                                                                                                                                                                             2021                         2020
                                              2021                       2020
                                                                                                                                              Aset pajak tangguhan                                                                                             Deferred tax assets
       Beda tetap                                                                                    Permanent differences                    Perusahaan                                                                                                         The Company
       Biaya pajak penghasilan                 800.953.186              1.633.957.379                   Income tax expense                    Penyisihan imbalan                                                                                              Provision for post
       Jamuan dan representasi                 183.566.247                179.362.570      Entertainment and representative                     pasca-kerja karyawan                         6.811.071.358             5.681.935.662                     employment benefit
       Donasi                                  319.460.270                231.253.705                             Donation                    Rugi fiskal                                   51.239.635.111            18.283.737.670                                  Fiscal loss
       Pendapatan yang                                                                                                                        Aset hak guna usaha                              127.265.959               149.162.068                          Right of use asset
         dikenakan pajak final        (             428.812) (              1.597.130)             Income subject to final tax                Pencadangan piutang - neto                       215.760.846               741.421.941        Allowance of trade receivables - net
       Pendapatan service charge              4.134.654.553             5.164.635.844                   Service charge income                 Entitas Anak                                   1.598.663.902                1.522.284.746                              Subsidiaries
       Beban service charge           (       4.134.654.553) (          5.164.635.844)             Distribution service charge
                                                                                                                                                                                            59.992.397.175            26.378.542.087
       Bagian atas rugi bersih                                                                             Share in net loss of               Cadangan atas                                                                                                Valuation allowance on
         entitas anak dan asosiasi         100.858.493.547            888.040.520.842           subsidiaries and associates                     aset pajak tangguhan              (         59.992.397.175) (         26.378.542.087)                       deferred tax assets

                                           102.162.044.438            890.083.497.366                                                         Aset pajak tangguhan - neto                                 -                           -                    Deferred tax asset-net

                                                                                                                                              Pada tanggal 31 Desember 2021 dan 2020, manajemen                            As of December 31, 2021 and 2020, management
       Rugi pajak                     (    232.907.432.331) (          85.643.675.132)                                Fiscal loss             berpendapat bahwa tidak terdapat kepastian aset                              believes that there is no certainty that the deferred
                                                                                                                                              pajak tangguhan dapat direalisasikan di masa yang                            tax asset can be realized in the future.Hence, the
       Rugi fiskal dibulatkan              232.907.432.000             85.643.675.000                    Fiscal loss - rounded                akan datang. Oleh karena itu, Perusahaan tidak                               Company did not provide for deferred tax arriving
                                                                                                                                              mengakui pajak tangguhan atas beda waktu dalam                               from timing differences in the recognition of certain
                                                                                                                                              pengakuan beberapa akun antara komersial dan fiskal                          items between commercial and fiscal and loss carry
       Pajak kini                                         -                            -                            Current tax               dan akumulasi kerugian.                                                      forward.

       Manfaat (Beban) pajak                                                                                                               e. Rekonsiliasi beban pajak                                               e.    Reconciliation of tax expense
         tangguhan                                                                           Deferred tax benefit (expense)
                                                                                                                                              Rekonsiliasi antara beban pajak dan hasil perkalian                          A reconciliation between the tax expense and the
       Perusahaan                              639.469.659 (            8.557.192.105)                        The Company                     rugi sebelum pajak final dan beban pajak penghasilan                         amounts computed by applying the effective tax rate
       Entitas Anak                   (        255.831.694) (           1.522.284.746)                          Subsidiaries                  dengan tarif pajak yang berlaku adalah sebagai                               to loss before final tax and income tax expense is as
                                                                                                                                              berikut:                                                                     follows:
       Total manfaat (beban) pajak                                                                Total deferred tax benefit
        tangguhan                              383.637.965     (       10.079.476.851)                            (expense)                                                                   2021                         2020

                                                                                                                                               Rugi sebelum pajak final dan                                                                               Loss before final tax and
       Total manfaat (beban) pajak             383.637.965     (       10.079.476.851)           Total tax benefit (expense)                     manfaat (beban) pajak                                                                                      income tax benefit
                                                                                                                                                 penghasilan menurut laporan                                                                         (expense) per consolidated
                                                                                                                                                 laba rugi dan penghasilan                                                                       statement of profit or loss and
                                                                                                                                                 komprehensif konsilidasian           (     361.395.221.258)    ( 1.179.220.472.760)               other comprehensive income
                                                                                                                                               Rugi entitas anak yang dikenakan                                                                               Loss from subsidiary
                                                                                                                                                 pajak final                          (     147.195.617.755)    ( 1.074.855.970.171)                        subject to final tax

                                                                                                                                               Rugi sebelum pajak setelah                                                                                    Loss before tax net of
                                                                                                                                                 dikurangi laba anak perusahaan                                                                         income from subsidiary
                                                                                                                                                 yang dikenakan pajak final           (     508.590.839.013)    ( 2.254.076.442.931)                        subject to final tax
                                                                                                                                               Manfaat pajak dengan tarif pajak                                                                          Tax benefit at prevailing
                                                                                                                                                 yang berlaku sebesar 22%                   111.889.984.583          495.896.817.445                                 tax at 22%
                                                                                                                                               Dampak pajak atas:                                                                                                  Tax effects of:
                                                                                                                                                 perbedaan tetap                      (      26.787.677.772)    (    238.705.765.816)                    Permanent differences

                                                                                                                                                                                                                                                         Tax benefits (expense) –
                                                                                                                                               Manfaat (beban) pajak – Perusahaan            85.102.306.811          257.191.051.629                             the Company
                                                                                                                                               Dampak atas aset pajak tangguhan                                                                           Effect of unrecognized
                                                                                                                                                 yang tidak diakui                (          84.718.668.846)    (    267.270.528.481)                      deferred tax assets

                                                                                                                                               Total beban pajak                                383.637.965     (     10.079.476.851)                          Total tax expense
Page 128
                                                                           These consolidated financial statements are originally                                                                                   These consolidated financial statements are originally
                                                                                     issued in Indonesian language                                                                                                            issued in Indonesian language

                                              Ekshibit E/89                                                             Exhibit E/89                                                      Ekshibit E/90                                                          Exhibit E/90

      PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                        PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                          PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                         PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                   CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED FINANCIAL                                           CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED FINANCIAL
                  KEUANGAN KONSOLIDASIAN                                                  STATEMENTS                                                      KEUANGAN KONSOLIDASIAN                                                   STATEMENTS
       TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                  AS OF DECEMBER 31, 2021 AND                                   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                   AS OF DECEMBER 31, 2021 AND
          YANG BERAKHIR PADA TANGGAL TERSEBUT                                      FOR THE YEAR THEN ENDED                                        YANG BERAKHIR PADA TANGGAL TERSEBUT                                       FOR THE YEAR THEN ENDED
      (Disajikan dalam Rupiah, kecuali dinyatakan lain)                   (Expressed in Rupiah, unless otherwise stated)                      (Disajikan dalam Rupiah, kecuali dinyatakan lain)                    (Expressed in Rupiah, unless otherwise stated)

17. PERPAJAKAN (Lanjutan)                                         17. TAXATION (Continued)                                                  19. UTANG JANGKA PANJANG (Lanjutan)                                19. LONG-TERM DEBT (Continued)

       f. Pajak Bumi dan Bangunan                                         f. Land and Building Tax                                              Utang jangka panjang terdiri dari: (Lanjutan)                      Long-term debt consists of: (Continued)

          Perusahaan telah membayar semua kewajiban                          The Company has paid all the land and building                                                                     2021                 2020
          pajak bumi dan bangunan.                                           tax.
                                                                                                                                                 Utang Pinjaman                                                                                                  Loan payable
       g. Aministrasi pajak                                               g. Tax administration
                                                                                                                                                    PT Bank QNB Indonesia Tbk               99.999.801.366         99.999.801.366              PT Bank QNB Indonesia Tbk
          Peraturan perpajakan yang berlaku di Indonesia                     The taxation laws of Indonesia require companies
          mengharuskan perusahaan yang berada di dalam                       in the country to submit their respective annual                    Utang pembiayaan                                                                                              Lease payable
          negeri untuk menyampaikan surat pemberitahuan                      corporate income tax return on the basis of                            Utang sewa pembiayaan                      2.231.325.694        2.774.234.570                               Lease payable
          tahunan pajak penghasilan badan masing-masing                      selfassessment.                                                        Kendaraan bermotor                            96.392.332        1.189.609.996              Liability for vehicle financing
          berdasarkan perhitungan sendiri.
                                                                                                                                                 Sub total                                     2.327.718.026        3.963.844.566                                     Sub total

18. UANG MUKA PELANGGAN                                            18. ADVANCES FROM CUSTOMERS                                                   Dikurangi bagian yang jatuh
                                                                                                                                                    tempo dalam waktu satu tahun      (        1.969.468.346) (     1.909.684.047)                    Less current maturities
       Pada tanggal 31 Desember 2021 dan 2020, uang muka                  As of December 31, 2021 and 2020, advance from
       pelanggan yang diklasifikasikan sebagai liabilitas                 customers which are classified as current liabilities                  Total utang pembiayaan – jangka
       jangka pendek merupakan uang muka tamu atau agen                   mainly represents advances received from customers                        panjang                                     358.249.680         2.054.160.519          Total lease payable – long term
       travel. Uang muka pelanggan yang diklasifikasikan                  or travel agents. Advance from customers which are
       sebagai liabilitas jangka panjang merupakan uang                   classified as non-current liabilities represent advance                Utang Bank - PT Bank Central Asia Tbk (BCA)                       Bank Loan - PT Bank Central Asia Tbk (BCA)
       muka pelanggan atas tanah dan bangunan entitas                     from customers from sale of land and building of
       anak.                                                              subsidiary of the Company.                                             Perusahaan                                                        The Company

       Rincian uang muka pelanggan menurut jenis mata                     Details of advances from customers based on                            Pada tanggal 21 Desember 2011, Perusahaan                         On December 21, 2011, the Company obtained loan
       uang per 31 Desember 2021 dan 2020 adalah sebagai                  currencies as of December 31, 2021 and 2020 are as                     memperoleh fasilitas kredit dari BCA, berupa Fasilitas            facilities from BCA in the form of Overdraft Loan
       berikut:                                                           follows:                                                               Kredit Lokal dan Fasilitas Kredit Investasi dengan                Facility and Investment Loan Facility with a maximum
                                                                                                                                                 jumlah        maksimum        masing-masing     sebesar           credit      limit    of      Rp70,000,000,000     and
                                                  2021                      2020                                                                 Rp70.000.000.000 dan Rp230.000.000.000 untuk                      Rp230,000,000,000, respectively, to take over the
                                                                                                                                                 tujuan pengambilalihan fasilitas kredit Perusahaan di             Company’s credit facilities in BII and to finance the
      Rupiah                                    19.719.467.226            28.897.571.650                          Indonesian Rupiah              BII dan untuk pembiayaan operasional Perusahaan.                  Company’s operations. Investment Loan Facility (IL1)
      Dolar Amerika Serikat                     12.651.664.938            20.892.678.625                        United States Dollar             Fasilitas Kredit Investasi (KI1) memiliki jangka waktu            has a term of period from December 21, 2011 up to
                                                                                                                                                 sejak 21 Desember 2011 sampai dengan November                     November 2024 and Overdraft Loan Facility has a
      Total                                     32.371.132.164            49.790.250.275                                            Total        2024 dan Fasilitas Kredit Lokal memiliki jangka waktu             term of period from December 21, 2011 and has been
                                                                                                                                                 sejak 21 Desember 2011 dan telah beberapa kali                    extended      until   December      21,   2018.    On
                                                                                                                                                 diperpanjang                 sampai             dengan            August 28, 2015 the Overdraft Loan Facility maximum
19.    UTANG JANGKA PANJANG                                       19.     LONG-TERM DEBT                                                         21 Desember 2018. Pada tanggal 28 Agustus 2015,                   credit limit has been increased to Rp150,000,000,000.
                                                                                                                                                 jumlah Fasilitas Kredit Lokal telah ditingkatkan                  The Investment Loan Facility and Overdraft Loan
       Utang jangka panjang terdiri dari:                                 Long-term debt consists of:                                            menjadi sebesar Rp150.000.000.000. Untuk fasilitas                Facility bears interest at 9.5% per annum (subject to
                                                                                                                                                 Kredit Investasi dan Kredit Lokal dikenakan suku bunga            review). Since November 2016, this facility bears
                                                   2021                     2020
                                                                                                                                                 sebesar 9,5% per tahun (subject to review). Sejak                 interest at 7% per annum.
                                                                                                                                                 November 2016, suku bunga yang dikenakan untuk
        Utang bank                                                                                                        Bank loan
                                                                                                                                                 fasilitas ini adalah sebesar 7% per tahun.
           PT Bank Central Asia Tbk             889.005.389.038          888.439.167.716                PT Bank Central Asia Tbk
           PT Bank CIMB Niaga Tbk                53.424.242.784           53.424.242.784                 PT Bank CIMB Niaga Tbk
                                                                                                                                                 Pinjaman ini dijamin dengan hak tanggungan pertama                This loan is secured by first mortgage over land
           PT Bank Victoria                                                                                      PT Bank Victoria
                                                                                                                                                 atas tanah termasuk bangunan diatasnya Desa Pecatu,               including the building thereon in Desa Pecatu, Bali and
            International Tbk                    45.435.000.000           45.375.000.000                    International Tbk
                                                                                                                                                 Bali dan di Desa Melinggih Kelod, Bali. Pinjaman ini              in Desa Melinggih Kelod, Bali. This loan is also secured
           PT Bank Artha Graha                                                                              PT Bank Artha Graha
                                                                                                                                                 juga dijaminkan dengan klaim asuransi atas Hotel Alila            by insurance claim for Alila Ubud Hotel and Alila Villas
            Internasional Tbk                    37.000.000.000           37.000.000.000                    Internasional Tbk
                                                                                                                                                 Ubud dan Alila Villas Uluwatu termasuk mesin-mesin,               Uluwatu including machinery, pledge of 100,000,000
           PT Bank ICBC Indonesia                             -           85.303.802.271                  PT Bank ICBC Indonesia
                                                                                                                                                 gadai saham Perusahaan yang dimiliki pemegang                     shares owned by shareholders, ARHL, and letter of
        Sub total                             1.024.864.631.822         1.109.542.212.771                                    Sub total           saham, ARHL sebanyak 100.000.000 lembar saham.                    undertaking from ALN and ARHL, to inject funds to
                                                                                                                                                 Pinjaman ini juga dijamin dengan pernyataan                       cover cash operating deficiency of the villa also bank’s
        Dikurangi bagian yang jatuh                                                                                                              kesanggupan dari ALN dan ARHL menginjeksi dana                    payment obligations which valid up to the maturity of
           tempo dalam waktu satu tahun     ( 1.024.864.631.822) ( 1.035.874.460.961)                        Less current maturities             untuk menutup kekurangan kas operasional villa serta              credit facilities.
                                                                                                                                                 pembayaran kewajiban bank yang berlaku hingga jatuh
        Total utang bank – jangka panjang                     -           73.667.751.810               Total bank loan – long term
                                                                                                                                                 tempo fasilitas.
Page 129
                                                                  These consolidated financial statements are originally                                                                           These consolidated financial statements are originally
                                                                            issued in Indonesian language                                                                                                    issued in Indonesian language

                                            Ekshibit E/91                                                      Exhibit E/91                                                 Ekshibit E/92                                                       Exhibit E/92

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                   PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                     PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                      PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                 NOTES TO THE CONSOLIDATED FINANCIAL                                      CATATAN ATAS LAPORAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                             STATEMENTS                                                 KEUANGAN KONSOLIDASIAN                                                STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                             AS OF DECEMBER 31, 2021 AND                              TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                 FOR THE YEAR THEN ENDED                                   YANG BERAKHIR PADA TANGGAL TERSEBUT                                    FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)              (Expressed in Rupiah, unless otherwise stated)                 (Disajikan dalam Rupiah, kecuali dinyatakan lain)                 (Expressed in Rupiah, unless otherwise stated)

19. UTANG JANGKA PANJANG (Lanjutan)                           19. LONG-TERM DEBT (Continued)                                  19. UTANG JANGKA PANJANG (Lanjutan)                              19. LONG-TERM DEBT (Continued)
   Utang Bank - PT Bank Central Asia Tbk (BCA)                   Bank Loan - PT Bank Central Asia Tbk (BCA)                      Utang Bank - PT Bank Central Asia Tbk (BCA)                      Bank Loan - PT Bank Central Asia Tbk (BCA)
   (Lanjutan)                                                    (Continued)                                                     (Lanjutan)                                                       (Continued)
   Perusahaan (Lanjutan)                                         The Company (Continued)                                         Perusahaan (Lanjutan)                                            The Company (Continued)

    Sampai dengan 31 Desember 2021 dan 2020, jumlah               Up to December 31, 2021 and 2020, the amount of IL1            Fasilitas KI4 memiliki jangka waktu sejak tanggal                IL4 Facility has a term of period from December 18,
    fasilitas KI1 yang telah dibayar adalah sejumlah              Facility paid amounted Rp115,842,213,049.                      18 Desember 2013 dan berakhir pada November 2024.                2013 and ending on November 2024. As of
    Rp115.842.213.049.                                                                                                           Pada tanggal 31 Desember 2021 dan 2020, jumlah saldo             December 31, 2021 and 2020, outstanding loan for
    Pada tanggal 31 Desember 2021 dan 2020, jumlah saldo          As of December 31, 2021 and 2020, total outstanding            pinjaman dari BCA untuk fasilitas KI4 adalah sebesar             IL4 Facility amounted to Rp3,094,817,864 and
    pinjaman dari BCA untuk fasilitas KI1 masing-masing           loan from BCA for IL1 Facility amounted to                     Rp3.094.817.864 dan Rp3.088.455.689                              Rp3,088,455,689, respectively.
    adalah      sebesar      Rp114.038.977.173       dan          Rp114,038,977,173      and      Rp113,997,044,308              Sampai dengan tanggal 31 Desember 2021 dan 2020,                 Up to December 31, 2021 and 2020, the amount of IL4
    Rp113.997.044.308.                                            respectively.                                                  jumlah fasilitas KI4 yang telah dibayar adalah sejumlah          Facility paid amounted to Rp2,886,095,736.
                                                                                                                                 Rp2.886.095.736.
    Fasilitas Kredit Lokal yang digunakan pada tanggal            Outstanding loan for Overdraft Loan Facility as of
    31 Desember 2021 dan 2020 masing-masing adalah                December 31, 2021 and 2020 are Rp150,000,000,000,              Pada tanggal 28 Agustus 2015, Perusahaan memperoleh              On August 28, 2015, the Company obtained additional
    sebesar Rp150.000.000.000.                                    respectively.                                                  tambahan fasilitas dari BCA berupa fasilitas Kredit              loan facility from BCA in the form of Investment Loan
                                                                                                                                 Investasi 5 (KI5) sebesar Rp78.000.000.000 untuk tujuan          Facility 5 (IL5) amounting to Rp78,000,000,000 for
    Berdasarkan Akta Berita Acara Rapat Umum Pemegang             Based on the Deed of Minutes of the Extraordinary              pembiayaan capital expenditure tambahan enam unit                financing additional capital expenditure of six units
    Saham Luar Biasa yang diadakan pada tanggal                   General Meeting of Shareholder which was held on               villa di Hotel Alila Ubud dan pembangunan wedding hall           villa in Hotel Alila Ubud and to build the wedding hall
    16 Januari 2012 dan diaktakan dalam Akta Notaris No.          January 16, 2012 and notarized by Notarial Deed                di Alila Villas Uluwatu, Bali, fasilitas Kredit Investasi 6      in Alila Villas Uluwatu, Bali, Investment Loan Facility
    22 dari Notaris Novita Puspitarini, S.H., pemegang            No. 22 of Novita Puspitarini, S.H., the shareholders           (KI6) sebesar Rp120.000.000.000 untuk tujuan                     (IL6) amounting to Rp120,000,000,000 for the
    saham menyetujui untuk menjaminkan seluruh atau               approved to pledge all or most of the assets of the            pembiayaan akuisisi saham PT Anugerah Luhur Sejati               acquisition of the shares of stock of PT Anugerah
    sebagian besar harta kekayaan Perusahaan dan/ atau            Company and/ or to act as guarantor in relation to             (ALS) dengan jumlah minimum 60% saham di PT ALS dan              Luhur Sejati (ALS) of 60% shares in PT ALS and
    bertindak sebagai penjamin sehubungan dengan                  the business activity of the Company and/ or                   fasilitas    Kredit     Investasi    7    (KI7)    sebesar       Investment Loan Facility (IL7) amounting to
    kegiatan usaha Perusahaan dan/ atau entitas anak              subsidiaries and facility obtained by the Company              Rp72.000.000.000 untuk tujuan membiayai akuisisi                 Rp72,000,000,000 for financing the acquisition of
    maupun fasilitas yang diperoleh Perusahaan dari pihak         from third party for the financial year 2012 including         saham PT MA dengan jumlah minimum saham yang di                  PT MA shares with minimum amount of acquisition
    ketiga untuk tahun buku 2012 termasuk namun tidak             but not limited to the loan facility obtained from             akuisisi merujuk pada ketentuan Perjanjian Kredit yaitu          shares in accordance with Credit Agreement which is
    terbatas pada fasilitas pinjaman yang diperoleh dari          BCA.                                                           sebesar 99% saham PT MA.                                         to 99% shares in PT MA.
    BCA.
                                                                                                                                 Fasilitas KI5 memiliki jangka waktu 8 tahun. Pada                IL5 Facility has a term of 8 years. As of
    Pada tanggal 18 Desember 2013, Perusahaan                     On December 18, 2013, the Company obtained                     tanggal 31 Desember 2021 dan 2020, jumlah saldo                  December 31, 2021 and 2020, outstanding loan for IL5
    memperoleh tambahan fasilitas dari BCA berupa                 additional facility from BCA in the form of                    pinjaman dari BCA untuk fasilitas KI5 masing-masing              Facility  amounted    to   Rp13,283,750,758     and
    fasilitas   Kredit    Investasi   2   (KI2)    sebesar        Investment Loan Facility 2 (IL2) amounting to                  adalah       sebesar      Rp13.283.750.758     dan               Rp13,194,546,399.
    Rp35.000.000.000, fasilitas Kredit Investasi 3 (KI3)          Rp35,000,000,000, Investment Loan Facility 3 (IL3)             Rp13.194.546.399.
    sebesar Rp18.000.000.000 dan fasilitas Kredit Investasi       amounting to Rp18,000,000,000 and Investment Loan
    4 (KI4) sebesar Rp18.000.000.000.                             Facility 4 (IL4) amounting to Rp18,000,000,000.                Sampai dengan 31 Desember 2021 dan 2020, jumlah                  Up to December 31, 2021 and 2020, the amount of IL5
                                                                                                                                 fasilitas KI5 yang telah dibayar adalah sejumlah                 paid amounted to Rp1,463,503,518.
    Fasilitas KI2 memiliki jangka waktu sejak tanggal             IL2 Facility has a term of period from December 18,            Rp1.463.503.518.
    18 Desember 2013 dan berakhir pada 18 Desember                2013 and ending on December 18, 2020. As of
    2020. Pada tanggal 31 Desember 2021 dan 2020, jumlah          December 31, 2021 and 2020, the outstanding loan for           Fasilitas KI6 memiliki jangka waktu 9 tahun. Pada                IL6 Facility has a term of 9 years. As of December 31,
    saldo pinjaman dari BCA untuk fasilitas KI2 adalah            IL2 Facility amounted to Rp26,737,264,175 and                  tanggal 31 Desember 2021 dan 2020, jumlah saldo                  2021 and 2020, outstanding loan for IL6 Facility
    masing-masing     sebesar   Rp26.737.264.175     dan          Rp26,698,398,113, respectively.                                pinjaman dari BCA untuk fasilitas KI6 adalah sebesar             amounted to Rp118,800,000,000.
    Rp26.698.398.113.                                                                                                            Rp118.800.000.000.

    Sampai dengan tanggal 31 Desember 2021 dan 2020,              Up to December 31, 2021 and 2020, the amount of IL2            Fasilitas KI7 memiliki jangka waktu 8 tahun. Pada                IL7 Facility has a term of 8 years. As of December 31,
    jumlah fasilitas KI2 yang telah dibayar adalah sejumlah       Facility paid amounted to Rp8,152,615,326.                     tanggal 31 Desember 2021 dan 2020, jumlah saldo                  2021 and 2020, outstanding loan for IL7 Facility
    Rp8.152.615.326.                                                                                                             pinjaman dari BCA untuk fasilitas KI7 adalah sebesar             amounted to Rp64,870,004,966 and Rp64,770,874.953.
                                                                                                                                 Rp64.870.004.966 dan Rp64.770.874.953
    Fasilitas KI3 memiliki jangka waktu sejak tanggal             IL3 Facility has a term of period from December 18,
    18 Desember 2013 dan berakhir pada November 2024.             2013 and ending on November 2024. As of                        Sampai dengan 31 Desember 2021 dan 2020, jumlah                  Up to December 31, 2021 and 2020, the amount of IL7
    Pada tanggal 31 Desember 2021 dan 2020, jumlah saldo          December 31, 2021 and 2020, the outstanding loan for           fasilitas KI7 yang telah dibayar adalah sejumlah                 paid amounted to Rp6,849,126,696.
    pinjaman dari BCA untuk fasilitas KI3 adalah masing-          IL3 Facility amounted to Rp11,327,838,192 and                  Rp6.849.126.696.
    masing       sebesar      Rp11.327.838.192       dan          Rp11,312,725,656, respectively.
    Rp11.312.725.656

    Sampai dengan tanggal 31 Desember 2021 dan 2020,              Up to December 31, 2021 and 2020, the amount of IL3
    jumlah fasilitas KI3 yang telah dibayar adalah sejumlah       Facility paid amounted to Rp6,629,342,952.
    Rp6.629.342.952.
Page 130
                                                                      These consolidated financial statements are originally                                                                         These consolidated financial statements are originally
                                                                                issued in Indonesian language                                                                                                  issued in Indonesian language

                                              Ekshibit E/93                                                        Exhibit E/93                                               Ekshibit E/94                                                       Exhibit E/94

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                      PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                       PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                 PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                                    NOTES TO THE CONSOLIDATED FINANCIAL                                        CATATAN ATAS LAPORAN                               NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                                STATEMENTS                                                   KEUANGAN KONSOLIDASIAN                                           STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                AS OF DECEMBER 31, 2021 AND                                TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                           AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                                    FOR THE YEAR THEN ENDED                                     YANG BERAKHIR PADA TANGGAL TERSEBUT                               FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)                 (Expressed in Rupiah, unless otherwise stated)                   (Disajikan dalam Rupiah, kecuali dinyatakan lain)            (Expressed in Rupiah, unless otherwise stated)

19. UTANG JANGKA PANJANG (Lanjutan)                              19. LONG-TERM DEBT (Continued)                                     19. UTANG JANGKA PANJANG (Lanjutan)                         19. LONG-TERM DEBT (Continued)
    Utang Bank - PT Bank Central Asia Tbk (BCA) (Lanjutan)           Bank Loan - PT Bank Central Asia Tbk (BCA) (Continued)             Utang Bank - PT Bank Central Asia Tbk (BCA)                 Bank Loan - PT Bank Central Asia Tbk (BCA)
                                                                                                                                        (Lanjutan)                                                  (Continued)
    Perusahaan (Lanjutan)                                           The Company (Continued)
                                                                                                                                        Entitas Anak – BLV                                          Subsidiary – BLV
     Atas penambahan fasilitas tersebut terdapat penambahan           For these additional loan facilities, additional collateral
     jaminan sebagai berikut:                                         were as follows:
                                                                                                                                        Pada tanggal 18 Januari 2012, BLV memperoleh                On 18 January 2012, the BLV obtained loan facilities
     1. Tanah/bangunan Cliffside Villa;                               1. Land/building of Cliffside Villa;
                                                                                                                                        fasilitas kredit dari PT Bank Central Asia Tbk (BCA),       from PT Bank Central Asia Tbk (BCA), in the form of
     2. Bangunan Alila Manggis;                                       2. Building of Alila Manggis;
                                                                                                                                        berupa Fasilitas Kredit Investasi dengan jumlah             Investment Loan Facility with a maximum credit limit
     3. Cessie hak sewa tanah Alila Manggis;                          3. Cessie of rental of Alila Manggis;
                                                                                                                                        maksimum sebesar Rp 200.000.000.000 untuk tujuan            of Rp 200,000,000,000, to finance the construction of
     4. Tanah/bangunan Alila Ubud extention;                          4. Land/building of Alila Ubud Extention;                         pembiayaan pembangunan Alila Villas Bintan. Fasilitas       Alila Villas Bintan. Investment Loan Facility has a
     5. Tanah/bangunan Wedding Hall di Alila Villas Uluwatu;          5. Land/building of Wedding Hall in Alila Villas Ulwatu;          Kredit Investasi memiliki jangka waktu sejak                term of period from 18 January 2012 up to 18 January
     6. Seluruh saham PT Anugerah Luhur Sejati milik Ibu              6. All shares of PT Anugerah Luhur Sejati owned by                18 Januari 2012 sampai dengan 18 Januari 2020. Untuk        2020. The Investment Loan Facility bears interest at
        RSHMF Edith Panggabean dan PT LNP;                               Madam RSHMF Edith Panggabean;                                  fasilitas Kredit Investasi ini dikenakan suku bunga         10% per annum (subject to review). Since May 2014 to
     7. Seluruh saham PT MA milik Perusahaan.                         7. All shares of PT MA owned by the Company.                      sebesar 10% per tahun (subject to review). Per              March 2016, this facility bears interest at 11.50% per
                                                                                                                                        31 Desember 2021 dan 2020 suku bunga yang                   annum. As of December 31, 2021 and 2020, this
     Kepatuhan atas Syarat Pinjaman                                   Compliance with Loan Covenants                                    dikenakan sebesar 10,25% per tahun.                         facility bears interest at 10.25% per annum.
     Sebagaimana diatur dalam perjanjian dengan BCA,                  As stipulated in the agreement with BCA, the Company is          Pinjaman ini dijamin dengan hak tanggungan pertama          This loan is secured by first mortgage over land
     Perusahaan wajib antara lain untuk menjaga, memelihara           required among others to maintain a minimum balance              atas tanah termasuk bangunan diatasnya di Kecamatan         including the building thereon in Teluk Sebong,
     dan mempertahankan minimum saldo Debt Service                    in Debt Service Account from time to time amounting to           Teluk Sebong, Kabupaten Bintan, Provinsi Kepulauan          Kabupaten Bintan, Province of Kepulauan Riau. This
     Account      dari      waktu     ke    waktu      sebesar        1      (one)     month      interest       payable     and       Riau. Pinjaman ini juga dijaminkan dengan cessie atas       loan is also secured by cessie of the building right
     1 (satu) bulan kewajiban bunga dan 1 (satu) kali angsuran        1 (one) time installment facility of the investment credit       hak Bangunan Alila Villas Bintan, klaim asuransi atas       insurance claim for Alila Villas Bintan including
     fasilitas Kredit Investasi (“Saldo Minimum”) selambat-           (“Minimum Balance”) latest by 7 (seven) days before due          Alila Villas Bintan termasuk mesin-mesin dan gadai          machinery and pledge of 117,094,000 shares of
     lambatnya 7 (tujuh) hari sebelum tanggal jatuh tempo             date and to maintain the EBITDA/Interest Ratio with a            saham Perusahaan dalam BLV sebanyak 117.094.000             Company in BLV.
     pembayaran       serta    menjaga,    memelihara      dan        minimum of 1.0 (one point zero) times in 2017 until              lembar saham.
     mempertahankan EBITDA/Interest Ratio sebesar minimal             2020 and 1.5 (one point five) times in 2021 until the end
     1,0 (satu koma nol) kali pada tahun 2017 sampai 2020 dan         of the facility period. Other default event is if BLV and        Pinjaman ini juga dijamin dengan jaminan pribadi dari       This loan is also secured with personal guarantee from
     1,5 (satu koma lima) kali pada tahun 2021 sampai akhir           BLS default to fulfill the obligation as stipulated in the       Bapak Franky Tjahyadikarta dan Bapak Okie Rehardi           Mr. Franky Tjahyadikarta and Mr. Okie Rehardi Lukita
     masa pinjaman. Kejadian kelalaian lainnya adalah bila            credit agreement of each subsidiary (cross default).             Lukita      yang      berlaku      sejak     tanggal        which           will       be        valid        from
     BLV dan BLS lalai memenuhi kewajiban sebagaimana                                                                                  18 Januari 2012 hingga 2 tahun sejak pembukaan Alila        18 January 2012 until 2 years from the opening of
     diatur dalam perjanjian kredit masing-masing entitas                                                                              Villas Bintan dan kemudian akan digantikan dengan           Alila Villas Bintan and will be replaced by letter of
     anak tersebut (cross default).                                                                                                    pernyataan     kesanggupan    dari   Bapak    Franky        undertaking from Mr. Franky Tjahyadikarta and Mr.
                                                                                                                                       Tjahyadikarta dan Bapak Okie Rehardi Lukita dalam           Okie Rehardi Lukita to inject funds to cover cash
     Apabila persyaratan tersebut di atas tidak terpenuhi,            If the above requirements are not met, then BCA is               menginjeksi dana untuk menutup kekurangan kas               operating deficiency of the villa also payment
     maka BCA berhak menyatakan utang menjadi jatuh                   entitled to declare the debt to maturity immediately             operasional villa serta pembayaran kewajiban bank           obligations of the bank with effect from the
     tempo dengan seketika dan wajib dibayar sekaligus lunas.         and shall be paid in full as well.                               yang berlaku sejak berakhirnya masa jaminan pribadi         expiration of the personal guarantee up to-maturity
                                                                                                                                       hingga jatuh tempo fasilitas.                               of the facilities.
     Pada tanggal 31 Desember 2021, Perusahaan tidak dapat            As of December 31, 2021, the Company was not able to
     memenuhi persyaratan dari pinjaman dan, oleh karena              comply with above loan covenants and hence, the                  Pada tanggal 31 Desember 2021 dan 2020, jumlah saldo        As of December 31, 2021 and 2020, total outstanding
     itu, seluruh utang Perusahaan kepada BCA disajikan               Company’s liabilities to BCA were presented as current           pinjaman untuk fasilitas Kredit Investasi adalah            loan for Investment Loan Facility amounted to
     sebagai liabilitas jangka pendek.                                liabilities.                                                     masing-masing    sebesar   Rp191.138.534.169     dan        Rp191,138,534,169 and Rp190,881,908,190 and,
                                                                                                                                       Rp190.881.908.190.                                          respectively.

                                                                                                                                       Berdasarkan adendum Surat Pemberitahuan Pemberian           Based on addendum Letter of Credit (“SPPK”) from
                                                                                                                                       Kredit      (“SPPK”)      dari     BCA       tanggal        BCA, dated October 17, 2016, the loanfacility will
                                                                                                                                       17 Oktober 2016, jatuh tempo pinjaman sampai dengan         mature up to April 2024.
                                                                                                                                       April 2024.

                                                                                                                                       Pada tanggal 31 Desember 2021, BLV tidak dapat               As of December 31, 2021, BLV was not able to comply
                                                                                                                                       memenuhi persyaratan dari pinjaman dan, oleh karena          with above loan covenants and hence, the Company’s
                                                                                                                                       itu, seluruh utang Perusahaan kepada BCA disajikan           liabilities to BCA were presented as current liabilities.
                                                                                                                                       sebagai liabilitas jangka pendek.                   As of 31 December 2021, the Company was not able to comply with above lo
Page 131
                                                                      These consolidated financial statements are originally                                                                     These consolidated financial statements are originally
                                                                                issued in Indonesian language                                                                                              issued in Indonesian language

                                            Ekshibit E/95                                                          Exhibit E/95                                             Ekshibit E/96                                                     Exhibit E/96

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                       PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                     PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK               PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                     NOTES TO THE CONSOLIDATED FINANCIAL                                      CATATAN ATAS LAPORAN                             NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                                 STATEMENTS                                                 KEUANGAN KONSOLIDASIAN                                         STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                 AS OF DECEMBER 31, 2021 AND                              TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                         AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                     FOR THE YEAR THEN ENDED                                   YANG BERAKHIR PADA TANGGAL TERSEBUT                             FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                  (Expressed in Rupiah, unless otherwise stated)                 (Disajikan dalam Rupiah, kecuali dinyatakan lain)          (Expressed in Rupiah, unless otherwise stated)

19. UTANG JANGKA PANJANG (Lanjutan)                               19. LONG-TERM DEBT (Continued)                                  19. UTANG JANGKA PANJANG (Lanjutan)                        19. LONG-TERM DEBT (Continued)

   Utang Bank - PT Bank Central Asia Tbk (BCA) (Lanjutan)             Bank Loan - PT Bank Central Asia Tbk (BCA)                     Utang Bank - PT Bank Central Asia Tbk (BCA)                Bank Loan - PT Bank Central Asia Tbk (BCA)
                                                                      (Continued)                                                    (Lanjutan)                                                 (Continued)

    Entitas Anak - BLS                                                Subsidiary – BLS                                               Entitas Anak – BLS (Lanjutan)                               Subsidiary – BLS (Continued)
    Pinjaman dari PT Bank Central Asia Tbk berdasarkan                Loan from PT Bank Central Asia Tbk based on Credit             Pinjaman ini juga dijamin dengan jaminan pribadi dari      This loan is also secured by personal Guarantee from
    akta perjanjian kredit No. 49 tanggal 18 Januari 2012             Agreement Deed No. 13 dated 18 January 2012 from               Franky Tjahyadikarta dan Okie Rehardi Lukita yang          Franky Tjahyadikarta and Okie Rehardi Lukita which
    dari Notaris Sri Buena Rahmana, S.H., M.Kn, yang telah            Notary Sri Buena Rahmana, S.H., M.Kn, which the
                                                                                                                                     berlaku sejak tanggal 18 Januari 2012 hingg 2 tahun        will be valid from 18 January 2012 until 2 years from
    diperbaharui terakhir berdasarkan akta perubahan                  latest renewal based on Renewal Credit Agreement
                                                                                                                                     sejak pembukaan Hotel Alila SCBD dan kemudian akan         the opening of Alila SCBD Hotel and will be replaced
    perjanjian kredit No. 66 tanggal 28 Juni 2018 dari                Deed No. 66 dated 28 June 2018 from Notary Sri
    Notaris Sri Buena Rahmana, S.H., M.Kn., dengan                    Buena Rahmana, S.H., M.Kn, with term and conditions            digantikan dengan pernyataan kesanggupan dari Franky       by letter of undertaking from Franky Tjahyadikarta
    ketentuan:                                                        as follows:                                                    Tjahyadikarta dan Okie Rehardi Lukita dalam                and Okie Rehardi Lukita to inject funds to cover cash
                                                                                                                                     menginjeksi dana untuk menutup kekurangan kas              operating deficiency of the villa also payment
     Fasilitas Kredit Investasi 1/ Investment Loan 1 facility                                                                        operasional hotel serta pembayaran kewajiban bank          obligations to the bank with effect from the
                                                                                                                                     yang berlaku sejak berakhirnya masa jaminan pribadi        expiration of the Personal Guarantee up to the
     Limit / Maximum facility          :   Rp150.000.000.000                                                                         hingga jatuh tempo fasilitas.                              maturity of the facilities.
     Tujuan / Purpose                  :   Pembangunan Alila Suites SCBD Jakarta/                                                    Pada tanggal 31 Desember 2021 dan 2020, jumlah saldo       As of December 31, 2021 and 2020, the total
                                           Construction Alila Suites SCBD Jakarta                                                    pinjaman untuk fasilitas KI-1 adalah sebesar               outstanding loan for Investment IL-1 amounted to
                                                                                                                                     Rp146.785.714.014 dan untuk fasilitas KI-2 adalah          Rp146,785,714,014 and for IL-2 Facility amounted to
     Bunga / Interest                  :   7% per tahun/7% p.a.
                                                                                                                                     masing-masing     sebesar   Rp48.928.487.724     dan       Rp48,928,487,724 and Rp48,909,500,388.
     Jangka waktu / Time period        :   Sampai tanggal 27 Maret 2024/ Until 27 March 2024                                         Rp48.909.500.388.

                                                                                                                                     Sebagaimana diatur dalam perjanjian dengan BCA, BLS        As stipulated in the agreement with BCA, BLS is
    Fasilitas Kredit Investasi 2/ Investment Loan 2 facility                                                                         wajib antara lain untuk menjaga, memelihara dan            required among others to maintain a minimum
                                                                                                                                     mempertahankan minimum saldo Debt Service Account          balance in Debt Service Account from time to time
    Limit / Maximum facility           :   Rp50.000.000.000                                                                          dari waktu ke waktu sebesar 1 (satu) bulan kewajiban       amounting to 1 (one) month interest payable and 1
                                                                                                                                     bunga dan 1 (satu) kali angsuran fasilitas Kredit          (one) time installment facility of the investment
    Tujuan / Purpose                   :   Pembangunan Alila Suites SCBD Jakarta/                                                    Investasi (“Saldo Minimum”) selambat-lambatnya 7           credit (“Minimum Balance”) latest by 7 (seven) days
                                                                                                                                     (tujuh) hari sebelum tanggal jatuh tempo pembayaran        before due date and to maintain the EBITDA/Interest
                                           Construction Alila Suites SCBD Jakarta
                                                                                                                                     serta menjaga, memelihara dan mempertahankan               Ratio with a minimum of 1.25 (one point twenty five)
    Bunga / Interest                   :   7% per tahun/7% p.a.                                                                      EBITDA/Interest Ratio sebesar minimal 1,25 (satu koma      times on 2019 and 1.75 (one point seventy five) times
                                                                                                                                     dua puluh lima) kali pada tahun 2019 dan 1,75 (satu        on 2020 until the end of the facility period.
    Jangka waktu / Time period         :   Sampai tanggal 27 Maret 2024/ Until 27 March 2024                                         koma tujuh puluh lima) kali pada tahun 2020 sampai
                                                                                                                                     akhir masa pinjaman.

   Pinjaman ini dijamin dengan bangunan Hotel Alila SCBD.           This loan is secured by Alila SCBD Hotel building. This          Apabila persyaratan tersebut di atas tidak terpenuhi,      If the above requirements are not met, then BCA is
   Pinjaman ini juga dijaminkan dengan cessie Perjanjian            loan is also secured by cessie of Build, Operation and           maka BCA berhak menyatakan utang menjadi jatuh             entitled to declare the debt to maturity immediately
   atas pembangunan, pengelolaan dan penyerahan                     Transfer Agreement (BOT) between the BLS                         tempo dengan seketika dan wajib dibayar sekaligus          and shall be paid in full as well.
   kembali (BOT) antara BLS dengan PT Danayasa                      PT Danayasa Arthatama Tbk No. 76 dated 10 March                  lunas.
   Arthatama Tbk No. 76, tanggal 10 Maret 2011, yang                2011 of Aulia Taufani, S.H., substitute of Sutjipto,
   dibuat dihadapan Aulia Taufani, S.H., pengganti                  S.H., Notary in Jakarta and insurance claim for Alila            Kepatuhan atas syarat pinjaman                             Compliance with loan covenants
   Sutjipto, S.H., Notaris di Jakarta dan klaim asuransi            SCBD Hotel including machinery and pledge of shares of
                                                                                                                                     Pada tanggal 21 Februari 2018, BLS menerima Surat          On 21 February 2018, BLS received Letter of Credit
   atas Alila SCBD termasuk mesin-mesin dan gadai saham             Company and PT Lentera Cemerlang Indah in the
                                                                                                                                     Pemberitahuan Pemberian Kredit (“SPPK”) dari BCA,          (“SPPK”) from BCA, where the maturity of the credit
   Perusahaan dan PT Lentera Cemerlang Indah dalam                  Company totaling 21,000 shares and 14,000 shares,
                                                                                                                                     dimana perpanjangan jatuh tempo fasilitas kredit           facilities has been extended to March 2024 with the
   Perusahaan dengan jumlah masing-masing sebanyak                  respectively.
                                                                                                                                     menjadi Maret 2024 dengan pembayaran angsuran              first installment payment on 27 June 2018 on
   21.000 lembar saham dan 14.000 lembar saham.
                                                                                                                                     pertama tanggal 27 Juni 2018 dengan syarat pinjaman        condition that QNB loan will also be extended with
                                                                                                                                     QNB juga diberikan tambahan tenor dengan angsuran          annual maximum installment of 50% of the BCA
                                                                                                                                     per tahun maksimal 50% dari nilai angsuran fasilitas       installment.
                                                                                                                                     kredit BCA.
Page 132
                                                                     These consolidated financial statements are originally                                                                        These consolidated financial statements are originally
                                                                               issued in Indonesian language                                                                                                 issued in Indonesian language

                                             Ekshibit E/97                                                        Exhibit E/97                                                Ekshibit E/98                                                     Exhibit E/98

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                      PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                    PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                    PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                    NOTES TO THE CONSOLIDATED FINANCIAL                                     CATATAN ATAS LAPORAN                                  NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                                STATEMENTS                                                KEUANGAN KONSOLIDASIAN                                              STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                AS OF DECEMBER 31, 2021 AND                             TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                              AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                    FOR THE YEAR THEN ENDED                                  YANG BERAKHIR PADA TANGGAL TERSEBUT                                  FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                 (Expressed in Rupiah, unless otherwise stated)                (Disajikan dalam Rupiah, kecuali dinyatakan lain)               (Expressed in Rupiah, unless otherwise stated)

19. UTANG JANGKA PANJANG (Lanjutan)                             19. LONG-TERM DEBT (Continued)                                   19. UTANG JANGKA PANJANG (Lanjutan)                           19. LONG-TERM DEBT (Continued)
                                                                                                                                     Utang Bank - PT Bank ICBC Indonesia (ICBC) (Lanjutan)         Bank Loan - PT Bank ICBC Indonesia (ICBC) (Continued)
   Utang Bank - PT Bank Central Asia Tbk (BCA) (Lanjutan)           Bank Loan - PT Bank Central Asia Tbk (BCA) (Continued)

                                                                                                                                     PT BNH (Lanjutan)                                             PT BNH (Continued)
   Entitas Anak – BLS (Lanjutan)                                    Subsidiary – BLS (Continued)
                                                                                                                                     Kepatuhan atas Syarat Pinjaman (Lanjutan)                     Compliance with Loan Covenants (Continued)

   Berdasarkan diskusi manajemen dengan BCA, apabila               Based on management discussion with BCA, if the                  BNH tanpa persetujuan tertulis dari ICBC berlaku               BNH without the approval from ICBC has limitation to
                                                                                                                                    pembatasan diantaranya sebagai berikut:                        do among others:
   perpanjangan grace period dan tenor tidak dapat                 extension of grace period and maturity is not approve, the
                                                                                                                                    1. Menerima tambahan pinjaman uang dari pihak                  1.   Obtain additional loans from third party, except
   dilakukan, maka cicilan pinjaman kewajiban pembayaran           repayment of principal obligation already should to be
                                                                                                                                       ketiga, kecuali pemegang saham;                                  shareholders;
   pokok yang telah jatuh tempo akan ditagihkan sekaligus,         paid immediately, while the repayment of future principal        2. Meminjamkan uang atau menjamin hutang pihak                 2. Give loan or guarantee third party’s debt;
   sedangkan kewajiban yang belum jatuh tempo akan                 obligation will follow the original payment schedule of the         lain;
   mengikuti jadwal angsuran sebagaimana diatur dalam              loan agreement.                                                  3. Melakukan konsolidasi, merger dan pengambilalihan           3.   Exercise consolidation, merger and investing in
   perjanjian pinjaman.                                                                                                                atau melakukan investasi baru atau menempatkan                   other company’s equity;
                                                                                                                                       ekuitas dalam perusahaan lain;
   Pada tanggal 4 Februari 2020, BLS telah memperoleh surat        On February 4, 2020, BLS has obtained the waiver letter          4. Mengalihkan sebagian besar harta perusahaan                 4.   Switch company’s assets in which it is needed for
   waiver dari BCA atas tidak terpenuhinya rasio keuangan          from BCA for the non-compliance of certain financial                dimana     harta    tersebut    diperlukan untuk                 company’s operational
   tertentu sebagaimana ditetapkan dalam perjanjian kredit.        covenant required to be maintained under the loan                   menjalankan usahanya.
                                                                   agreement.                                                       BNH tanpa persetujuan tertulis dari ICBC berlaku               BNH without the approval from ICBC has limitation to
                                                                                                                                    pembatasan diantaranya sebagai berikut:                        do among others:
   Pada tanggal 31 Desember 2021 dan 2020, Perusahaan tidak        As of December 31, 2021 and 2020, the Company was
   dapat memenuhi rasio keuangan tersebut sehingga utang           unable to meet these financial ratios, so the loan to BCA         5.   Mengubah jenis dan aktivitas usaha perusahaan;           5.   Change company’s business activities;
   kepada BCA tetap disajikan sebagai liabilitas jangka            are still presented as short-term liabilities.                    6.   Melakukan pembagian dividen;                             6.   Declare dividends;
   pendek.                                                                                                                           7.   Melakukan perubahan bentuk dan status hukum,             7.   Change the company’s article of association and
                                                                                                                                          anggaran dasar, susunan pemegang saham                        the composition of Boards of Commissioners and
   PT BNH                                                           PT BNH                                                                perusahaan.                                                   Directors

                                                                                                                                     Pada tanggal 31 Desember 2020, jumlah saldo pinjaman          As of December 31, 2020, the total outstanding loan for
   Pada tanggal 25 April 2016, BNH, entitas anak telah              On April 25, 2016, BNH, a subsidiary has obtained loan
   memperoleh fasilitas pinjaman dari ICBC berupa Fasilitas                                                                          untuk fasilitas tersebut adalah Rp85.303.802.271.             this facility amounted to Rp85,303,802,271.
                                                                    facilities from ICBC, in the form of On Installment Fixed
   Pinjaman Tetap On Installment (PTI) dan Fasilitas Pinjaman       Loan Facility (PTI) and On Demand-B Fixed Loan Facility          Sebagaimana diatur dalam perjanjian dengan ICBC, BNH         As stipulated in the agreement with ICBC, BNH is
   Tetap On Demand-B (PTD-B) dengan jumlah masing-masing            (PTD-B)      amounting     to   Rp110,000,000,000     and
   sebesarRp110.000.000.000 dan Rp20.000.000.000 untuk                                                                               wajib untuk menjaga, memelihara dan mempertahankan           required to maintain the EBITDA/Interest Ratio with a
                                                                    Rp20,000,000,000, respectively, for the establishment of         EBITDA/Interest Ratio sebesar inimal 1,0 (satu koma          minimum of 1.0 (one point zero) times until the end of
   tujuan pembangunan 56 unit kondotel di Uluwatu, Bali dan
                                                                    56 units condotel in Uluwatu, Bali, and for financing            nol) kali sampai akhir masa pinjaman.                        the facility period.
   pembiayaan piutang dari hasil penjualan unit kondotel.
                                                                    receivable from the sale of condotel units.
                                                                                                                                     Pada tanggal 20 Maret 2018, BNH telah memperoleh              On March 20, 2018, BNH has obtained the waiver letter
                                                                                                                                     Surat waiver dari Bank ICBC atas tidak terpenuhinya           from Bank ICBC for the non-compliance of certain
   PTI memiliki jangka waktu 8 tahun setelah penarikan              PTI has a term period of 8 years after the first drawdown        rasio keuangan tertentu sebagaimana ditetapkan dalam          financial covenant required to be maintained under the
   pertama sementara PTD-B memiliki jangka waktu                    and PTD-B has a term period of 3 years after the first           perjanjian kredit.                                            loan agreement.
   3 tahun setelah penarikan pertama. Kedua fasilitas               drawdown. Both facilities bears interest at 13% per year
   tersebut dikenakan bunga sebesar 13% per tahun (subject          (subject to change).                                             Berdasarkan Surat no: 047/LOD-CBII/XI/2019 dari ICBC          According to letter no: 47/LOD-CBII/XI/2019 from ICBC
   to change).                                                                                                                       kepada BNH, ICBC setuju untuk menjadwal ulang                 to BNH, ICBC agreed to reschedule principal repayment
                                                                                                                                     pembayaran pinjaman oleh BNH, dari 11 Oktober 2019            from BNH, from October 11, 2019 to November 11,
   Pinjaman ini dijamin dengan sertifikat Hak Guna Bangunan         This loan is secured by HGB over land in Pecatu, Bali,           menjadi 11 November 2019 dan mengurangi bunga                 2019 also reducing the loan interest from 13% per
   (HGB) atas tanah di Pecatu, Bali berikut segala sesuatu          including every asset that were placed on the land with          pinjaman dari 13% per tahun menjadi 11% per tahun,            annum to 11% per annum, this is also noted at Notarial
   yang akan ada di atas tanah itu dengan nilai tanggungan          total coverage from first mortgage amounted to                   hal ini juga dicatat dalam akta notaris no: 11, tanggal       Deed no: 11, on on November 27, 2019 made by Public
   peringkat pertama sebesar Rp162.500.000.000 dan                  Rp162,500,000,000, and Letters of Undertaking from               27 November 2019 yang dibuat oleh Notaris Rismalena           Rismalena Kasri, SH., about the change of credit
   Pernyataan Kesanggupan dari PT Bukit Uluwatu Villa Tbk           PT Bukit Uluwatu Villa Tbk and PT Bali Hope as the               Kasri, SH., mengenai perubahan atas perjanjian kredit         agreement between BNH and ICBC.
   dan PT Bali Hope sebagai pemegang saham.                         shareholder.                                                     antara BNH dengan ICBC

   Kepatuhan atas Syarat Pinjaman                                   Compliance with Loan Covenants                                   Berdasarkan Surat no: 073/LOD-CBII/VI/2020 dari ICBC          According to letter no: 073/LOD-CBII/VI/2020 from ICBC
                                                                                                                                     kepada BNH pada tanggal 18 Juni 2020, ICBC setuju             to BNH on June 18, 2020, ICBC agreed to reschedule
   Sebagaimana diatur dalam perjanjian dengan ICBC, BNH             As stipulated in the agreement with ICBC, BNH is required        untuk menjadwal ulang pembayaran pokok dari BNH               principal repayment from BNH up to May 11, 2024 with
   perlu menjaga Debt Service Coverage Ratio minimal                to maintain a minimum Debt Service Coverage Ratio of 1           sampai dengan tanggal 11 Mei 2024 dengan tingkat              interest rate 11% per annum.
   1 kali.                                                          time.                                                            bunga 11% per tahun.
Page 133
                                                                     These consolidated financial statements are originally                                                                           These consolidated financial statements are originally
                                                                               issued in Indonesian language                                                                                                    issued in Indonesian language

                                              Ekshibit E/99                                                       Exhibit E/99                                                Ekshibit E/100                                                      Exhibit E/100

 PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                      PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                      PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                      PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
              CATATAN ATAS LAPORAN                                    NOTES TO THE CONSOLIDATED FINANCIAL                                       CATATAN ATAS LAPORAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
             KEUANGAN KONSOLIDASIAN                                                STATEMENTS                                                  KEUANGAN KONSOLIDASIAN                                                STATEMENTS
  TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                AS OF DECEMBER 31, 2021 AND                               TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                AS OF DECEMBER 31, 2021 AND
     YANG BERAKHIR PADA TANGGAL TERSEBUT                                    FOR THE YEAR THEN ENDED                                    YANG BERAKHIR PADA TANGGAL TERSEBUT                                    FOR THE YEAR THEN ENDED
 (Disajikan dalam Rupiah, kecuali dinyatakan lain)                 (Expressed in Rupiah, unless otherwise stated)                  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                 (Expressed in Rupiah, unless otherwise stated)

19. UTANG JANGKA PANJANG (Lanjutan)                             19. LONG-TERM DEBT (Continued)                                   19. UTANG JANGKA PANJANG (Lanjutan)                              19. LONG-TERM DEBT (Continued)

    Utang Bank - PT Bank Victoria International Tbk                 Bank Loan - PT Bank Victoria International Tbk                   Utang Bank - PT Bank CIMB Niaga Tbk (CIMB)                      Bank Loan - PT Bank CIMB Niaga Tbk (CIMB)
                                                                                                                                     (Lanjutan)                                                      (Continued)
    Perusahaan                                                      The Company
                                                                                                                                     Entitas Anak - DMS                                               Subsidiary – DMS
    Berdasarkan Perjanjian Kredit No. 686/SPK/CBG-                  Based on Loan Agreement No. 686/SPK/CBG-VIC/XII/17
    VIC/XII/17 pada tanggal 20 Desember 2017, Perusahaan            on December 20, 2017, the Company obtained loan                  Pada tanggal 21 Juli 2014, PT Dialog Grage Cirebon              On July 21,2014, PT Dialog Grage Cirebon (DGC), a
    memperoleh fasilitas kredit pinjaman DLKK (Demand               facility DLKK (Demand Loan Kredit Korporasi) I and               (DGC), entitas anak dari PT DMS, entitas anak, telah            subsidiary of PT DMS, subsidiary, has obtained loan
    Loan Kredit Korporasi) I dan DLKK II dengan jumlah              DLKK II with maximum credit limit of Rp68,000,000,000            memperoleh fasilitas pinjaman dari CIMB berupa                  facilities from CIMB, in the form of Investment Loan
    maksimum masing-masing adalah Rp68.000.000.000 dan              and Rp50,000,000,000, respectively, for purchasing               Fasilitas Pinjaman Investasi (PI) dengan jumlah sebesar         Facility (PI) amounting to Rp70,581,000,000 for
    Rp50.000.000.000 untuk tujuan pembelian aset                    assets of PT Nusapacific Island and AR Financing of              Rp70.581.000.000 untuk tujuan financing/ refinancing            financing/refinancing construction cost of Hotel Dialoog
    PT Nusapacific Island dan AR Financing penjualan saham          selling the Company’s, shares in BNH that has been               biaya pembangunan Hotel Dialoog Cirebon.                        Cirebon.
    Perusahaan di BNH yang dibeli oleh Syailendra Grup.             purchased by Syailendra Group. This facility has a term
                                                                                                                                     PI memiliki jangka waktu 90 bulan termasuk grace                PI has a term period of 90 months including grace
    Fasilitas ini memiliki jangka waktu selama 1 (satu) tahun       of period 1 (one) year with interest at 13% per year.
                                                                                                                                     period sejak masa pembukuan. Fasilitas tersebut                 period after booking period. This facility bears interest
    dengan bunga 13% per tahun.
                                                                                                                                     dikenakan bunga sebesar 13% per tahun (subject to               at 13% per year (subject to change).
                                                                                                                                     change).
    Berdasarkan Surat penawaran dari PT Bank Victoria               Based on the offering letter from PT Bank Victoria
    International    Tbk,   fasilitas    DLKK     ini   telah       International Tbk, on December 17, 2018, the existing            Pinjaman ini dijamin dengan sertifikat Hak Guna                 This loan is secured by HGB over land and building in
    direstrukturisasi dengan mengurangi plafon menjadi              DLKK facility has been restructured by reducing the              Bangunan (HGB) atas tanah dan bangunan di                       Lemahwungkuk,       Cirebon,     and     assignment     of
    Rp62.000.000.000 dan mengganti nama menjadi FLKK                existing limit to Rp62,000,000,000 and change in the             Lemahwungkuk,     Cirebon   dan    assignment   atas            performance bond and assignment of Insurance Claim
    (Fixed Loan Kredit Korporasi) I. Selanjutnya, Perusahaan        name of the facility to FLKK (Fixed Loan Kredit                  performance bond dan assignment atas Insurance Claim            Proceeds and LoU from Mr. Franky Tjahyadikarta and
    juga memperoleh fasilitas baru yaitu FLKK 2 dengan              Korporasi) I. In addition, the Company has also obtained         Proceeds dan LoU dari Tuan Franky Tjahyadikarta dan             Mr. Okie Rehardi Lukita and a fiduciary in a form of
    maksimum plafon sebesar Rp30.000.000.000. FLKK I                new facility called FLKK 2 with maximum limit totaling           Tuan Okie Rehardi Lukita dan jaminan fidusia atas               maximum bill amounting to Rp88,226,250,000 (125% of
    mempunyai jangka waktu 24 bulan dan FLKK 2                      Rp30,000,000,000. FLKK I have a term of 24 months                tagihan maksimal senilai Rp88.226.250.000 (125% dari            loan limit), and pledge of all the shareholder’s shares.
    mempunyai jangka waktu 60 bulan (termasuk grace                 while FLKK 2 have a term of 60 months (including                 nilai pinjaman) dan gadai saham dari seluruh saham
    period 12 bulan). Fasilitas tersebut dikenakan bunga            12 months grace period). These facilities bear interest          milik pemegang saham.
    sebesar 12% per tahun.                                          of 12% per year.                                                 Sebagaimana diatur dalam perjanjian dengan CIMB, DGC            As stipulated in the agreement with CIMB, DGC is
                                                                                                                                     perlu menjaga Interest Bearing Debt (IBD) to EBITDA             required to maintain a maximum Interest Bearing Debt
   Pinjaman tersebut dijamin dengan :                              These loansare secured with:                                      maksimal 5 kali pada tahun operasi ke 2, 4 kali pada            (IBD) to EBITDA of 5 times in the second operational
   1.   Tanah dan Bangunan Villa, Desa Pecatu, Kuta                1. Land and Building Villa, Desa Pecatu, Kuta Selatan,            tahun operasi ke 3 dan 3 kali pada tahun operasi ke 5.          year, 4 times in the third operational year and 3 times
         Selatan, Badung, Bali. SHGB No. 745 atas nama                  Badung, Bali. SHGB No. 745 of PT Nusapacific Island                                                                          in the fifth operational year.
         PT Nusapacific Island Investment.                              Investment.
   2.   Tanah dan Bangunan Villa, Desa Pecatu, Kuta                2. Land and Building Villa, Desa Pecatu, Kuta Selatan,            DGC tanpa persetujuan tertulis dari CIMB berlaku                DGC without the approval from CIMB has limitation to
         Selatan, Badung, Bali. SHGB No. 752 atas nama                                                                               pembatasan diantaranya sebagai berikut:                         do among others:
                                                                        Badung, Bali. SHGB No. 752 of PT Laksana Agung
                                                                                                                                     1. Melakukan penggantian operator hotel;                        1. Change the hotel operator;
   3.   PT Laksana Agung Semesta.                                       Semesta.
                                                                                                                                     2. Melakukan hal-hal yang dapat mempengaruhi                    2. Do transactions that can affect company’s ability
   4.   Tanah kosong, Desa Pecatu Kuta Selatan, Badung,            3. Land, Desa Pecatu, Kuta Selatan, Badung, Bali,                     kemampuan untuk melaksanakan perjanjian kredit,                 to meet credit agreement, except for daily
         Bali, SHGB No. 747 dan No. 601 atas nama PT Nusa               SHGB No. 747 and No. 601 of PT Nusa Pacific Island               kecuali untuk menjalankan usaha sehari-hari;                    operations;
         Pacific Island Investment.                                     Investment.                                                  3. Melakukan perubahan pada struktur perusahaan;                3. Change the structure of the company;
   5.   Piutang Syailendra Grup                                    4. SyailendraGroup’s receivables.                                 4. Membayar tagihan atau piutang dari pemegang                  4. Payment of payable or receivable from
                                                                                                                                         saham.                                                          shareholders.
    Pada tanggal 31 Desember 2021, jumlah saldo pinjaman            As of December 31, 2021, the total outstanding balance
    untuk FLKK I dan FLKK 2 Masing-masing adalah                    of FLKK I and FLKK 2 amounted to Rp15,550,000,000 and            Pada tanggal 31 Desember 2021 dan 2020, jumlah saldo            As of December 31, 2021 and 2020, the total
    Rp15.550.000.000 dan Rp29.885.000.000.                          Rp29,885,000,000, respectively.                                  pinjaman     untuk    fasilitas  tersebut     adalah            outstanding loan for this facility amounted to
                                                                                                                                     Rp53.424.242.784.                                               Rp53,424,242,784.
    Pada tanggal 31 Desember 2020, jumlah saldo pinjaman            As of December 31, 2020, the total outstanding balance
                                                                                                                                     Kepatuhan atas Syarat Pinjaman                                   Compliance with Loan Covenants
    untuk FLKK I dan FLKK 2 Masing-masing adalah                    of FLKK I and FLKK 2 amounted to Rp15,550,000,000 and
    Rp15.550.000.000 dan Rp29.825.000.000                           Rp29,825,000,000, respectively.                                  Pada tanggal 31 Desember 2021, DMS tidak dapat                  As of December 31, 2021, DMS was not able to comply
                                                                                                                                     memenuhi persyaratan dari pinjaman dan, oleh karena             with above loan covenants and hence, the Company’s
                                                                                                                                     itu, seluruh utang Perusahaan kepada BCA disajikan              liabilities to BCA were presented as current liabilities.
                                                                                                                                     sebagai liabilitas jangka pendek.

                                                                                                                                     Utang Bank - PT Bank Artha Graha International Tbk              Bank Loan - PT Bank Artha Graha International Tbk
                                                                                                                                     (BAG)                                                           (BAG)

                                                                                                                                     Perusahaan                                                       The Company

                                                                                                                                     Pada tanggal 19 Oktober 2016, Perusahaan memperoleh              On October 19,2016, the Company obtained a credit
                                                                                                                                     fasilitas kredit dari BAG, berupa Fasilitas Revolving Loan       facility from the BAG, in the form of Revolving Loan
                                                                                                                                     dengan jumlah maksimum sebesar Rp60.000.000.000                  Facility with a maximum amount of Rp60,000,000,000
                                                                                                                                     untuk tujuan modal kerja perusahaan. Untuk fasilitas             for working capital purposes. For Loan Revolving credit
                                                                                                                                     kredit Revolving Loan dikenakan suku bunga sebesar 12%           facility bears interest at 12% per year.
                                                                                                                                     per tahun.
Page 134
                                                                   These consolidated financial statements are originally                                                                              These consolidated financial statements are originally
                                                                             issued in Indonesian language                                                                                                       issued in Indonesian language

                                           Ekshibit E/101                                                      Exhibit E/101                                                    Ekshibit E/102                                                     Exhibit E/102

 PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                     PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                         PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                     PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
              CATATAN ATAS LAPORAN                                   NOTES TO THE CONSOLIDATED FINANCIAL                                          CATATAN ATAS LAPORAN                                   NOTES TO THE CONSOLIDATED FINANCIAL
             KEUANGAN KONSOLIDASIAN                                               STATEMENTS                                                     KEUANGAN KONSOLIDASIAN                                               STATEMENTS
  TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                               AS OF DECEMBER 31, 2021 AND                                  TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                               AS OF DECEMBER 31, 2021 AND
     YANG BERAKHIR PADA TANGGAL TERSEBUT                                   FOR THE YEAR THEN ENDED                                       YANG BERAKHIR PADA TANGGAL TERSEBUT                                   FOR THE YEAR THEN ENDED
 (Disajikan dalam Rupiah, kecuali dinyatakan lain)                (Expressed in Rupiah, unless otherwise stated)                     (Disajikan dalam Rupiah, kecuali dinyatakan lain)                (Expressed in Rupiah, unless otherwise stated)

19. UTANG JANGKA PANJANG (Lanjutan)                            19. LONG-TERM DEBT (Continued)                                  19.     UTANG JANGKA PANJANG (Lanjutan)                             19. LONG-TERM DEBT (Continued)
    Utang Bank - PT Bank Artha Graha International Tbk             Bank Loan - PT Bank Artha Graha International Tbk                   Utang Pembiayaan Kendaraan Bermotor                            Liability for Car Financing
    (BAG) (Lanjutan)                                               (BAG) (Continued)
                                                                                                                                       Perusahaan                                                      The Company
    Perusahaan (Lanjutan)                                          The Company (Continued)
    Pinjaman ini dijamin dengan Post On Cheques dan                This loan is also secured by Post On Cheques and                   Tanggal 16 Juni 2017, Perusahaan memperoleh fasilitas            On June 16, 2017, the Company obtained Consumer
    jaminan pribadi dari Franky Tjahyadikarta dan Okie             personal guarantees of Franky Tjahyadikarta and Okie               Pembiayaan Konsumen dari PT BCA Finance, pihak                   Financing Loan from PT BCA Finance, a third party,
    Rehardi Lukita.                                                Rehardi Lukita.                                                    ketiga, senilai Rp1.567.680.000 untuk jangka waktu               amounting to Rp1,567,680,000 for a period of four (4)
                                                                                                                                      empat (4) tahun dengan suku bunga 4,48%. Fasilitas               years with interest rate of 4.48%. The credit facility is
    Pada tanggal 31 Desember 2021 dan 2020, jumlah saldo           As of December 31, 2021 and 2020, total outstanding                tersebut dijaminkan dengan kendaraan Perusahaan                  secured by the Company’s vehicle amounting to
    pinjaman untuk fasilitas Revolving Loan adalah sebesar         loan for Investment Loan Facility amounted to                      senilai Rp1.895.200.000. Tanggal berakhirnya fasilitas ini       Rp1,895,200,000. The maturity date of this facility is
    Rp37.000.000.000.                                              Rp37,000,000,000.                                                  adalah tanggal 16 Mei 2021.                                      May 16, 2021.
    Utang Pinjaman                                                 Loan Payable
                                                                                                                                       Kendaraan tersebut diasuransikan lewat BCA Finance              The vehicles are insured through BCA Finance using BCA
    Entitas Anak - BLS                                             Subsidiary – BLS                                                    dengan menggunakan asuransi dari BCA Insurance, pihak           Insurance, third party. The period of insurance is from
                                                                                                                                       ketiga. Periode pertanggungan asuransi dari tanggal 16          June 16, 2017 – June 16, 2021.
    Berdasarkan Akta Perjanjian Kredit No. 13 tanggal              Based on Credit Agreement Deed No. 13 dated 25 July
                                                                                                                                       Juni 2017 - 16 Juni 2021.
    25 Juli 2016 dari Notaris Rismalena Kasri, S.H., BLS           2016 from Notary Rismalena Kasri, S.H., BLS obtained
    memperoleh Fasilitas Kredit Investasi dari PT Bank QNB         Investment Loan Facility from PT Bank QNB Indonesia                 Tanggal 30 November 2017 dan 15 Desember 2017,                  On November 30, 2017 and December 15, 2017, the
    Indonesia Tbk dengan jumlah maksimum sebesar                   Tbk with maximum credit limit Rp100,000,000,000 to                  Perusahaan memperoleh fasilitas Pembiayaan Konsumen             Company obtained Consumer Financing Loan from
    Rp100.000.000.000      untuk    tujuan      pembiayaan         finance Alila SCBD hotels construction in Jakarta. This             dari PT Mitsui Leasing Capital Indonesia, pihak ketiga,         PT Mitsui Leasing Capital Indonesia, a third party,
    pembangunan hotel Alila SCBD Jakarta. Fasilitas ini            facility has a term of period 7 (seven) year with                   senilai Rp989.950.000 untuk jangka waktu tiga (3) tahun         amounting to Rp989,950,000 for a period of three (3)
    memiliki jangka waktu selama 7 (tujuh) tahun dengan            interest at 12.5% per year.                                         dengan suku bunga 4,5%. Fasilitas tersebut dijaminkan           years with interest rate of 4.5%. The credit facility is
    bunga 12.5% per tahun.                                                                                                             dengan kendaraan Perusahaan senilai Rp1.414.150.000.            secured by the Company’s vehicle amounting to
    Pinjaman tersebut dijamin dengan:                             That loan are secured with:                                          Tanggal berakhirnya fasilitas ini adalah tanggal                Rp1,414,150,000. The maturity date of this facility is
                                                                                                                                       30 Oktober 2020 dan 15 November 2020.                           October 30 , 2020 and November 15, 2020.
      1. Fidusia bangunan diatas sebidang tanah seluas 5.065         1. Fiduciary building on the Land area of 5,065 m2 is            Kendaraan tersebut diasuransikan lewat PT Mitsui                 The vehicles are insured through PT Mitsui Leasing
         m2     terletak   di     Jl.   Jendral    Sudirman             located at Jl. Jendral Sudirman Kav. 52-53 Lot 11             Leasing Capital Indonesia dengan menggunakan asuransi            Capital Indonesia using Pan Pacific Insurance, third
          Kav. 52-53 Lot 11 terdaftar atas nama                         registered in the name PT Danayasa Arthatama
                                                                                                                                      dari Pan Pacific Insurance, pihak ketiga. Periode                party.   The    period   of    insurance    is   from
          PT Danayasa Arthatama Tbk.                                    Tbk.
      2. Saham dari PT Bukit Uluwatu Villa Tbk sejumlah              2. Shares of PT Bukit Uluwatu Villa Tbk 110,400 shares           pertanggungan     asuransi  masing   masing   tanggal            November 30, 2017 – November 30, 2020 and
          110.400 saham dan PT Lentera Cemerlang Indah                  amd PT Lentera Cemerlang Indah 73,600 shares.                 30 November 2017 - 30 November 2020 dan tanggal                  December 15 , 2017 – December 15, 2020, respectively.
          sejumlah 73.600 saham.                                     3. Personal guarantee from Mr. Franky Tjahjadikarta              15 Desember 2017 - 15 Desember 2020.
      3. Jaminan pribadi dari Tn. Franky Tjahjadikarta                  (President Director) and Mr. Okie Rehardi Lukita
          (Direktur Utama) dan Tn. Okie Rehardi Lukita                  (Commissioner).                                               Pada tanggal 31 Desember 2021 dan 2020, saldo liabilitas         As of December 31, 2021 and 2020, the balance of the
          (Komisaris).                                                                                                                untuk fasilitas pembiayaan pada PT Mitsui Leasing                liability to PT Mitsui Leasing Capital Indonesia are
    Cessie perjanjian atas pembangunan, pengelolaan dan            Cessie of build, operation and transfer agreement                  Capital Indonesia tersebut masing-masing adalah sebesar          Rp96,342,332 and Rp137,640,250 respectively.
    penyerahan kembali (BOT)      antara     perusahaan            between the company and PT Danayasa Arthatama Tbk.                 Rp 96.342.332 dan Rp137.640.250
    dengan PT Danayasa Arthatama Tbk.
                                                                                                                                      Tanggal 29 Maret 2018 dan 20 April 2018, Perusahaan              On March 29, 2018 and April 20, 2018, the Company
    Jaminan No. 1, 2 dan 4 digunakan pula untuk menjamin           Guarantees No. 1, 2 and 4 also used to ensure that te              memperoleh fasilitas Pembiayaan Konsumen dari                    obtained Consumer Financing Loan from PT CIMB Niaga
    fasilitas yang diterima BLS perrjanjian Pembagian              facility received by BLS in PT Bank Central Asia Tbk as            PT CIMB Niaga Auto Finance, pihak ketiga, senilai                Auto Finance, a third party, amounting to
    Jaminan Bersama No. 10 tanggal 25 Juli 2016 dari               stated in the Joint Security Sharing Deed No. 10 dated             Rp1.264.920.000 untuk jangka waktu tiga (3) tahun                Rp1,264,920,000 for a period of three (3) years with
    Notaris Sri Buena Brahmana, S.H., M.Kn., Notaris di            25 July 2016 of Notary Sri Buena Brahmana, S.H.,                   dengan suku bunga 3,99% dan 4,99%. Fasilitas tersebut            interest rate of 3.99% and 4.99%. The credit facility is
    Jakarta.                                                       M.Kn., Notary in Jakarta.                                          dijaminkan dengan kendaraan Perusahaan senilai                   secured by the Company’s vehicle amounting to
                                                                                                                                      Rp1.718.600.000. Tanggal berakhirnya fasilitas ini adalah        Rp1,718,600,000. The maturity date of this facility is
    Berdasarkan Akta Perubahan dan Pernyatan Kembali               On June 4, 2018, based on Deed of Amendment and
                                                                                                                                      tanggal 28 Februari 2021 dan 20 Maret 2020.                      February 28, 2021 and March 20, 2021.
    Pinjaman No. 4 tanggal 4 Juni 2018 dari Notaris Deni           Restatement of Loans No. 4, QNB and the Company
    Thanur S.E., S.H., M.Kn., QNB dan Perusahaan sepakat           agreed to amend loan term period until November 16,
    untuk mengubah jangka waktu fasilitas hingga tanggal           2024.
    16 November 2024.
    Berdasarkan surat pemberitahuan No.171/SRT(U)-                 Based    on    notification  letter   No.171/SRT(U)-
    CAS/XI/2020 pada tanggal 27 November 2020, PT Bank             CAS/XI/2020 on November 27, 2020, PT Bank QNB
    QNB Indonesia Tbk menyatakan bahwa berdasarkan                 Indonesia Tbk stated that based on the Agreement on
    Perjanjian tentang Pengalihan Piutang (Cessie)                 the Transfer of Receivables (Cessie) dated November
    tertanggal 26 November 2020 sebagaimana diubah                 26, 2020 as amended by the Amendment to the
    dengan Perubahan Perjanjian Pengalihan Piutang                 Receivables Transfer Agreement (Cessie) dated
    (Cessie)  tertanggal   27    November     2020 yang            November 27, 2020 signed by PT Bank QNB Indonesia
    ditandatangani oleh PT Bank QNB Indonesia Tbk. dan             Tbk. and BDFK Limited. PT Bank QNB Indonesia Tbk. has
    BDFK Limited. PT Bank QNB Indonesia Tbk. telah                 transferred to BDFK Limited all rights to all amounts
    mengalihkan kepada BDFK Limited semua hak atas                 due by BLS.
    semua jumlah yang harus dibayar oleh BLS.
Page 135
                                                                        These consolidated financial statements are originally                                                                            These consolidated financial statements are originally
                                                                                  issued in Indonesian language                                                                                                     issued in Indonesian language

                                               Ekshibit E/103                                                       Exhibit E/103                                              Ekshibit E/104                                                         Exhibit E/104

      PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                   PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                      PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                        PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                   CATATAN ATAS LAPORAN                                 NOTES TO THE CONSOLIDATED FINANCIAL                                       CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED FINANCIAL
                  KEUANGAN KONSOLIDASIAN                                             STATEMENTS                                                  KEUANGAN KONSOLIDASIAN                                                  STATEMENTS
       TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                             AS OF DECEMBER 31, 2021 AND                               TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                  AS OF DECEMBER 31, 2021 AND
          YANG BERAKHIR PADA TANGGAL TERSEBUT                                 FOR THE YEAR THEN ENDED                                    YANG BERAKHIR PADA TANGGAL TERSEBUT                                      FOR THE YEAR THEN ENDED
      (Disajikan dalam Rupiah, kecuali dinyatakan lain)              (Expressed in Rupiah, unless otherwise stated)                  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                   (Expressed in Rupiah, unless otherwise stated)

19.     UTANG JANGKA PANJANG (Lanjutan)                           19.   LONG-TERM DEBT (Continued)                                  19. UTANG JANGKA PANJANG (Lanjutan)                                19. LONG-TERM DEBT (Continued)

        Utang Pembiayaan Kendaraan Bermotor (Lanjutan)                  Liability for Car Financing (Continued)                         Utang Pembiayaan Kendaraan Bermotor (Lanjutan)                     Liability for Car Financing (Continued)

        Perusahaan (Lanjutan)                                           The Company (Continued)                                         Entitas Anak –BLS                                                  Subsidiary – BLS

        Kendaraan tersebut diasuransikan lewat PT CIMB Niaga            The vehicles are insured through PT CIMB Niaga Auto             Pada tanggal 7 September 2017, BLS, entitas anak                   On September 7,2017, BLS, a subsidiary obtained
        Auto Finance dengan menggunakan asuransi dari                   Finance using PT Sompo Insurance Indonesia, third               memperoleh fasilitas pembiayaan konsumen dari                      consumer financing loan from PT Mitsui Leasing Capital
        PT Sompo Insurance Indonesia, pihak ketiga. Periode             party. The period of insurance is from November 30,             PT Mitsui Leasing Capital Indonesia dengan total                   Indonesia amounting to Rp891,275,000 for a period of
        pertanggungan asuransi masing masing tanggal                    2017 – November 30, 2020 and December 15, 2017 –                Rp891.275.000 untuk jangka waktu tiga (3) tahun.                   three (3) years.
        30 November 2017 - 30 November 2020 dan tanggal                 December 15 2020.
        15 Desember 2017 - 15 Desember 2020.                                                                                            Fasilitas kredit tersebut dijamin dengan kendaraan BLS             The credit facility is secured by BLS’s vehicle that
                                                                                                                                        yang dibiayai oleh PT Mitsui Leasing Capital Indonesia.            financed by PT Mitsui Leasing Capital Indonesia.
        Pada tanggal 31 Desember 2020, saldo liabilitas untuk           As of December 31, 2020, the balance of the liability
        fasilitas pembiayaan pada PT CIMB Niaga Auto Finance            to PT CIMB Niaga Auto Finance amounted to
        adalah sebesar Rp323.258.521.                                   Rp323,258,521.                                              20. MODAL SAHAM                                                    20. CAPITAL STOCK
        Tanggal 31 Januari 2019, Perusahaan memperoleh                  On January, 31 2019, the Company obtained Consumer
                                                                                                                                        Modal dasar, ditempatkan dan disetor penuh pada                   Authorized, issued and fully paid capital                as   of
        fasilitas Pembiayaan Konsumen dari PT Mandiri Tunas             Financing Loan from PT Mandiri Tunas Finance, a third
                                                                                                                                        tanggal 31 Desember 2021 dan 2020 adalah sebagai                  December 31, 2021 and 2020 are as follows:
        Finance, pihak ketiga, senilai Rp525.000.000 untuk              party, totalliing to Rp525,000,000 for a period of
                                                                                                                                        berikut:
        jangka waktu tiga (3) tahun dengan suku bunga 3,99%.            three (3) years with interest rate of 3.99%. The credit
        Fasilitas tersebut dijaminkan dengan kendaraan                  facility is secured by the Company’s vehicle amounting
                                                                                                                                                                                         2021&2020
        Perusahaan senilai Rp750.000.000. Tanggal berakhirnya           to Rp1,895,200,000. The maturity date of this facility
                                                                                                                                                                                       Nilai Nominal per
        fasilitas ini adalah tanggal 31 Januari 2021.                   is January 31, 2021.
                                                                                                                                                                                    Lembar Saham (Jumlah        Jumlah Nilai Saham
        Kendaraan tersebut diasuransikan lewat PT Mandiri               The vehicles are insured through PT Mandiri Tunas                                        Total Lembar       Penuh) / Nominal value     (Nilai Penuh) / Values
        Tunas Finance dengan menggunakan asuransi dari                  Finance using PT Asuransi Cakrawala Proteksi                                            Saham / Number          per share (full            of Shares (full
        PT Asuransi Cakrawala Proteksi Indonesia, pihak ketiga.         Indonesia, third party. The period of insurance is from                                    of shares              amounted)                  amounted)
        Periode pertanggungan asuransi masing masing tanggal            January 3, 2019 – January 3, 2020.
        3 Januari 2019 - 3 Januari 2020.                                                                                                Modal dasar                12.000.000.000                 50                  600.000.000.000              Authorized capital

        Pada tanggal 31 Desember 2020, saldo liabilitas untuk           As of December 31, 2020, the balance of the liability                                                                                                                        Total authorized
        fasilitas pembiayaan pada PT Mandiri Tunas Finance              to PT Mandiri Tunas Finance amounted Rp290,647,572.             Total modal dasar          12.000.000.000                                     600.000.000.000                      capital
        adalah sebesar Rp 290.647.572.
                                                                                                                                        Modal ditempatkan                                                                                             Issued and fully
        Entitas Anak -MA                                                Subsidiary – MA
                                                                                                                                          dan disetor penuh                                                                                           paid capital
        Pada tanggal 8 September 2017 dan 5 Oktober 2017, MA,           On September 8, 2017 and October 5, 2017, MA,
        entitas anak memperoleh fasilitas pembiayaan                    subsidiary obtained consumer financing loan from                Saham biasa                 6.811.269.200                 50                  340.563.460.000                   Common stock
        konsumen dari PT CIMB Niaga Auto Finance dengan total           PT CIMB Niaga Auto Finance amounting total
        Rp476.921.000 untuk jangka waktu tiga (3) tahun                 Rp476,921,000 for a period of three (3) years with              Total modal
        dengan suku bunga 7,95% dan 8,90%.                              interest rate of 7.95% and 8.90%.                                 ditempatkan dan                                                                                           Total issued and
                                                                                                                                          disetor penuh             6.811.269.200                                     340.563.460.000          fully paid capital
        Pada tanggal 5 September 2019, MA, entitas anak                 On September 5, 2019, MA, subsidiary obtained 2 (two)
        memperoleh 2 (dua) fasilitas pembiayaan konsumen dari           consumer financing loan from PT CIMB Niaga Auto
        PT CIMB Niaga Auto Finance dengan tota masing-masing            Finance amounting for each total Rp230,020,000 and
        adalah Rp230.020.000 dan Rp388.450.000 untuk jangka             Rp388,450,000, respectively for a period of three (3)
        waktu tiga (3) tahun dengan suku bunga 9,87%.                   years with interest rate of 9.87% for each

        Kendaraan tersebut diasuransikan lewat PT CIMB Niaga            The vehicles are insured through PT CIMB Niaga Auto
        Auto Finance dengan menggunakan asuransi dari                   Finance using PT Sompo Insurance Indonesia, third
        PT Sompo Insurance Indonesia, pihak ketiga. Periode             party. The period of insurance is from November 30,
        pertanggungan asuransi masing masing tanggal                    2017 – November 30, 2020, December 15, 2017 –
        30 November 2017 - 30 November 2020, tanggal                    December 15 , 2020, October 16, 2019 - October 16,
        15 Desember 2017 - 15 Desember 2020, tanggal                    2022, and October 10, 2019 – October 10, 2022.
        16 Oktober 2019 - 16 Oktober 2022, dan tanggal
        10 Oktober 2019 - 10 Oktober 2022.

        Pada tanggal 31 Desember 2021 dan 2020, saldo                   As of December 31, 2021 and 2020, the balance of this
        liabilitas untuk fasilitas pembiayaan tersebut adalah           liability  amounted      to   Rp255,274,164      and
        masing-masing       sebesar     Rp255.274.164     dan           Rp438,063,653 respectively.
        Rp438.063.653.
Page 136
                                                                           These consolidated financial statements are originally                                                                              These consolidated financial statements are originally
                                                                                     issued in Indonesian language                                                                                                       issued in Indonesian language

                                              Ekshibit E/105                                                           Exhibit E/105                                                   Ekshibit E/106                                                      Exhibit E/106

 PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                             PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                         PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                     PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
              CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED FINANCIAL                                          CATATAN ATAS LAPORAN                                   NOTES TO THE CONSOLIDATED FINANCIAL
             KEUANGAN KONSOLIDASIAN                                                       STATEMENTS                                                     KEUANGAN KONSOLIDASIAN                                               STATEMENTS
  TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                       AS OF DECEMBER 31, 2021 AND                                  TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                               AS OF DECEMBER 31, 2021 AND
     YANG BERAKHIR PADA TANGGAL TERSEBUT                                           FOR THE YEAR THEN ENDED                                       YANG BERAKHIR PADA TANGGAL TERSEBUT                                   FOR THE YEAR THEN ENDED
 (Disajikan dalam Rupiah, kecuali dinyatakan lain)                        (Expressed in Rupiah, unless otherwise stated)                     (Disajikan dalam Rupiah, kecuali dinyatakan lain)                (Expressed in Rupiah, unless otherwise stated)

20. MODAL SAHAM (Lanjutan)                                            20. CAPITAL STOCK (Continued)                                         20. MODAL SAHAM (Lanjutan)                                     20. CAPITAL STOCK (Continued)

                                                          2021&2020                                                                             Risalah Rapat Umum Pemegang Saham Tahunan                      The Annual General Meeting of Shareholders of the
                                 Total saham                                                                                                    Perusahaan dengan Akta No. 78 dibuat oleh Notaris              Company with deeds No. 78 prepared by Ashoya Ratam
                              ditempatkan dan                                                                                                   Ashoya Ratam tanggal 29 Juni 2016 memutuskan                   on June 29, 2016 decided the use of 2015 net income, as
                               disetor penuh /      Persentase kepemilikan                                                                      penggunaan laba bersih 2015 adalah sebagai berikut:            follows:
     Pemegang saham /         Issued and fully          / Percentage of
       Shareholders              paid capital              ownership                Jumlah / Total                      Bentuk / Form           1.   Perusahaan tidak menyisihkan dana cadangan sesuai          1.   The Company set aside a reserve fund in
                                                                                                                                                     dengan ketentuan pasal 70 UUPT; dan                             accordance with the provisions of Article 70 of the
                                                                                                                    Setoran tunai dan                                                                                Company Law; and
                                                                                                                                                2.   Perusahaan tidak membagikan deviden.                       2.   The Company does not distribute dividends.
                                                                                                             konversi utang/ Cash
     Archipelago Resorts                                                                                         payments and debt              Pada    tanggal   29    November     2016, Perusahaan          On November 29, 2016, Company issued PMTHMETD
       & Hotels Limited           1.893.286.000                         27,80%            94.664.300.000                 conversion             mengeluarkan PMTHMETD sejumlah 309.603.100 lembar              amounting to 309,603,100 shares with price for pre-
                                                                                                                    Setoran tunai dan           saham dengan harga pelaksanaan Rp582. PMTHMETD                 emptive rights of Rp582. PMTHMETD was taken in part
                                                                                                               konversi utang/ Cash             diambil bagian dan disetor penuh oleh:                         and paid-up by:
     PT Asia Leisure                                                                                             payments and debt
       Network                    1.702.818.712                         25,00%            85.140.935.600                 conversion             •    NV III Holdings Limited sebanyak 222.914.300 lembar        •    NV III Holdings Limited total 222,914,300 shares;
     NV III Holdings                                                                                               Setoran tunai/Cash                saham;
       Limited                       885.770.600                        13,00%            44.288.530.000                  payments              •    Shinhan Investment Corp. sebanyak 74.304.700               •    Shinhan Investment Corp. total 74,304,700 shares;
                                                                                                                   Setoran tunai/Cash                lembar saham; dan                                               and
     Masyarakat / Public          2.329.393.888                         34,20%         116.469.694.400                    payments              •    Shinhan Investment Corp. Trust sebanyak 12.384.100         •    Shinhan Investment Corp. Trust total 12,384,100
                                                                                                                                                     lembar saham.                                                   shares.
     Total                        6.811.269.200                           100%         340.563.460.000                              Total
                                                                                                                                                Risalah Rapat Umum Pemegang Saham Tahunan                      The Annual General Meeting of Shareholders of the
   Berdasarkan      Surat    Bursa      Efek      Indonesia                Based on Letter of Indonesia Stock Exchange                          Perusahaan No. 312/VI/2017 dibuat oleh Notaris Ashoya          Company with resume No. 312/VI/2017 prepared by
   No. S-04207/BEI.PP2/07-2018 tanggal 23 Juli 2018 Perihal                No. S-04207/BEI.PP2/07-2018 on July 23, 2018,                        Ratam tanggal 16 Juni 2017 memutuskan penggunaan laba          Ashoya Ratam on June 16, 2017 decided the use of 2016
   Persetujuan Pemecahan Nilai Nominal (Stock Split),                      regarding the Approval of Stock Split effective                      bersih 2016 adalah sebagai berikut:                            net income, as follows:
   efektif tanggal 1 Agustus 2018, nilai nominal saham                     August 1,2018, the nominal value of the Company’s                    1. Sejumlah Rp1.000.000.000 ditetapkan sebagai                  1. Rp1,000,000,000 is designated as additional General
   Perusahaan menjadi Rp50 dari sebelumnya Rp 100 per                      share is Rp50 from previously Rp100 per share and the                     tambahan Cadangan Umum sesuai ketentuan pasal 70              Reserve in accordance with article 70 of Law
   lembar saham dan total jumlah saham yang dicatatkan di                  total number of shares listed in the Stock Exchange                       Undang-Undang Nomor 40 Tahun 2007 tentang                     Number 40 Year 2007 regarding Limited Liability
   Bursa menjadi 6.811.269.200 lembar dari sebelumnya                      totalled 6,811,269,200 from previously 3,405,634,600                      Perseroan Terbatas dimana penggunaannya sesuai                Company, where the usage is in accordance with the
   3.405.634.600 lembar.                                                   shares.                                                                   dengan ketentuan Pasal 22 Anggaran Dasar                      provisions of Article 22 of the Company’s articles of
                                                                                                                                                     Perusahaan; dan                                               association; and
   Tambahan modal disetor terdiri dari:                                   Additional paid-in capital consist of:
                                                                                                                                                2.   Sejumlah    Rp11.683.120.556 digunakan    untuk            2. Rp11,683,120,556 was used to strengthen the
                                                   2021                    2020                                                                      memperkuat modal Perusahaan yang akan disimpan                Company's capital to be saved as Retained Earnings.
                                                                                                                                                     sebagai Laba Ditahan.
    Agio saham                                                                                             Additional paid-up capital
      Penawaran umum di tahun 2010            137.142.800.000           137.142.800.000             Initial public offering year 2010           Pada tanggal 29 Juni 2018, Rapat Umum Pemegang Saham           On June 29, 2018, the Extraordinary General Meeting of
      Penambahan modal tanpa hak                                                                                                                Luar Biasa, sesuai dengan Akta Pernyataan Keputusan            Shareholders pursuant to the Deed of Minutes of Meeting
        memesan efek terlebih dahulu                                                          Capital increase without pre-emptive              Rapat Umum Pemegang Saham Luar Biasa No. 61 yang               of Extraordinary General Meeting of the Company’s
        di tahun 2012                          83.611.150.000            83.611.150.000                         rights year 2012                dibuat oleh Notaris Ashoya Ratam S.H., M.Kn.,                  Shareholders No. 61 made before Ashoya Ratam S.H.,
      Penambahan modal tanpa hak                                                                                                                memutuskan diantaranya:                                        M.Kn., resolved among others:
        memesan efek terlebih dahulu                                                          Capital increase without pre-emptive
        di tahun 2016                         149.228.694.200           149.228.694.200                         rights year 2016                1.   Pelaksanaan pemecahan nilai nominal saham (stock           1. The implementation of stock split of the Company
    Beban emisi efek ekuitas                                                                                     Stock issuance costs                split) Perseroan dari Rp100,- (seratus Rupiah) per            from Rp100, - (one hundred Rupiah) per share to
      Penawaran umum di tahun 2010        (    10.755.752.133)    (      10.755.752.133)           Initial public offering year 2010                 lembar saham menjadi Rp50,- (lima puluh Rupiah)               Rp50, - (fifty Rupiah) per share;
      Penambahan modal tanpa hak                                                                                                                     per lembar saham;
        memesan efek terlebih dahulu                                                          Capital increase without pre-emptive
        di tahun 2012                     (        340.560.000)   (         340.560.000)                        rights year 2012                2.   Modal Dasar Perseroan yang semula terbagi atas             2. The authorized capital of the Company which is
      Penambahan modal tanpa hak                                                                                                                     6.000.000.000 (enam miliyar) saham dengan nilai               originally divided into 6,000,000,000 (six billion)
        memesan efek terlebih dahulu                                                          Capital increase without pre-emptive                   nominal    Rp100,-     (seratus   Rupiah) menjadi             shares with par value of Rp100, - (one hundred
        di tahun 2016                     (    13.789.292.791)    (      13.789.292.791)                        rights year 2016                     12.000.000.000 (dua belas miliyar) saham dengan               Rupiah) to 12,000,000,000 (twelve billion) shares
                                                                                                   Differences in values of business                 nilai nominal Rp50,- (lima puluh Rupiah);                     with a nominal value of Rp50, - (fifty Rupiah)
     Selisih nilai transaksi kombinasi                                                           combination of entities under
                                                                                                                                                3.   Modal Ditempatkan dan Disetor Perseroan yang               3. Issued and fully paid capital of the Company which
       bisnis entitas sepengendali                 656.874.309              656.874.309                         common control
                                                                                                                                                     semula terbagi atas 3.405.634.600 saham dengan                is originally divided into 3,405,634,600 shares with
    Neto                                      345.753.913.585           345.753.913.585                                             Net              nilai nominal Rp100,- menjadi 6.811.269.200 saham             par value Rp100,- to 6,811,269,200 shares with par
                                                                                                                                                     dengan nilai nominal Rp50,-.                                  valued Rp50,-
Page 137
                                                                    These consolidated financial statements are originally                                                                        These consolidated financial statements are originally
                                                                              issued in Indonesian language                                                                                                 issued in Indonesian language

                                          Ekshibit E/107                                                        Exhibit E/107                                            Ekshibit E/108                                                       Exhibit E/108

 PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                    PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                       PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                  PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
              CATATAN ATAS LAPORAN                                  NOTES TO THE CONSOLIDATED FINANCIAL                                        CATATAN ATAS LAPORAN                                NOTES TO THE CONSOLIDATED FINANCIAL
             KEUANGAN KONSOLIDASIAN                                              STATEMENTS                                                   KEUANGAN KONSOLIDASIAN                                            STATEMENTS
  TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                              AS OF DECEMBER 31, 2021 AND                                TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                            AS OF DECEMBER 31, 2021 AND
     YANG BERAKHIR PADA TANGGAL TERSEBUT                                  FOR THE YEAR THEN ENDED                                     YANG BERAKHIR PADA TANGGAL TERSEBUT                                FOR THE YEAR THEN ENDED
 (Disajikan dalam Rupiah, kecuali dinyatakan lain)               (Expressed in Rupiah, unless otherwise stated)                   (Disajikan dalam Rupiah, kecuali dinyatakan lain)             (Expressed in Rupiah, unless otherwise stated)

20. MODAL SAHAM (Lanjutan)                                    20.   CAPITAL STOCK (Continued)                                   20. MODAL SAHAM (Lanjutan)                                   20. CAPITAL STOCK (Continued)

    Berdasarkan Nota Kesepahaman Pembelian Saham Melalui            Based on the Memorandum of Understanding regarding              1.   Rugi bersih Perseroan sebesar Rp36,5 miliyar,           1.   Loss of the Company is Rp36.5 billion, therefore
    Penambahan Modal dengan Hak Memesan Efek Terlebih               the Purchase of Shares through the Capital Increase                  karenanya Perseroan tidak menyisihkan cadangan;              Company does not designate an additional General
    Dahulu (PMHMETD) tanggal 19 Juli 2018, PT Jagakarsa             with Preemptive Rights (PMHMETD) on on July 19,2018,                 dan                                                          Reserve ; and
    Country Arena (JCA) berencana untuk mengambil                   PT Jagakarsa Country Arena (JCA) planned to take part
                                                                                                                                    2.   Menyetujui pengangkatan Tuan Seong Hoon Park            2.   Approved the appointment of Mr. Seong Hoon Park
    sebagian dari rencana PMHMETD Perusahaan sebanyak-              in the Company’s PMHMETD plan to subscribe a
                                                                                                                                         selaku Komisaris Perseroan menggantikan Tuan                 as a Commissioner replacing Mr. Jongik Kwon.
    banyaknya dengan total jumlah saham yang setara dengan          maximum number of shares at the value of equivalent
                                                                                                                                         Jongik Kwon.
    nilai Rp100.000.000.000. Sampai dengan tanggal                  to Rp100,000,000,000. As of December 31, 2019, PT JCA
    31 Desember 2018, PT JCA telah melakukan pembayaran             has paid Rp57,300,000,000 and this transaction is               Pada tanggal 8 April 2019, Rapat Umum Pemegang Saham          On April 8, 2019, the Extraordinary General Meeting of
    sebesar Rp57.300.000.000 dan transaksi ini dicatat              recorded as advance for future stock subscription in the        Luar Biasa, sesuai dengan Akta Risalah Rapat Umum             Shareholders pursuant to the Deed of Minutes of
    sebagai uang muka setoran modal di Perusahan.                   Company.                                                        Pemegang Saham Luar Biasa No. 15 yang dibuat oleh             Meeting of Extraordinary General Meeting of the
                                                                                                                                    Notaris Ashoya Ratam S.H., M.Kn., menyetujui untuk            Company’s Shareholders No. 15 made before Ashoya
    Sebagai kelanjutan dari Nota Kesepahaman, pada tanggal          As a supplement to the above Memorandum of                      mengalihkan dan/atau menjaminkan lebih dari 50% (lima         Ratam S.H., M.Kn., approved the granting of authority
    5 Januari 2019, Perusahaan dan PT JCA menandatangani            Understanding, on January 5, 2019, the Company and              puluh persen) kekayaan Perseroan sebagai jaminan utang        to the Board of Directors to transfer and/or pledge
    Perjanjian Pengikatan Pembelian Saham melalui metode            PT JCA signed the Binding Agreement for the Purchase            atas nama Perseroan dan/atau entitas anak Perseroan           more than 50% (fifty percent) of the Company's assets as
    PMHMETD (dengan hak memesan). Berdasarkan perjanjian            of Shares conducted through PMHMETD (with                       guna mendapatkan pendanaan baru yang berasal dari             debt collateral under the Company’s name and/or the
    tersebut, JCA telah menyetor jumlah tambahan sebesar            Preemptive Rights). On the basis of this agreement,             sumber perbankan dan/atau penerbitan Surat berharga.          Company's subsidiaries for the new financing from bank
    Rp14.543.600.000 pada tahun 2019.                               JCA    has   paid    the   additional   amount    of                                                                          and bonds or securities offering
                                                                    Rp14.543.600.000 in 2019.
                                                                                                                                    Pada tanggal 28 Juni 2019, Rapat Umum Pemegang Saham          On June 28, 2019, the Annual General Meeting of
    Pada tanggal 1 Oktober 2019, Perusahaan, PT JCA dan Tri         On October 1,2019, the Company, PT JCA and Tri                  Tahunan,      sesuai     dengan     Resume      RUPST         Shareholders pursuant to resume of Meeting of Annual
    Ramadi menandatangani Perjanjian Pengalihan, dimana             Ramadi signed the Transfer Agreement, wherein all the           No. 380/VI/2019 yang dibuat oleh Notaris Ashoya Ratam         General Meeting of the Company’s Shareholders
    seluruh hak dan kewajiban atas penyetoran uang muka             rights and obligations of investment of advance                 S.H., M.Kn., memutuskan penggunaan laba bersih 2018           No. 380/VI/2019 made before by Ashoya Ratam S.H.,
    setoran   modal     sebesar   Rp71.843.600.000    yang          payment of capital amounting to Rp71,843,600,000                adalah sebagai berikut:                                       M.Kn., resolved the use of 2018 net income, as follows:
    sebelumnya dilakukan oleh PT JCA dialihkan kepada Tri           made by PT JCA has been transferred to Tri Ramadi.
    Ramadi.                                                                                                                         1.   Sejumlah Rp1.000.000.000 ditetapkan sebagai             1.   Rp1,000,000,000 is designated as additional General
                                                                                                                                         tambahan Cadangan Umum sesuai ketentuan pasal                Reserve in accordance with article 70 of Law
    Rapat Umum Pemegang Saham Tahunan Perusahaan,                   The Annual General Meeting of Shareholders of the                    70 Undang-Undang Nomor 40 Tahun 2007 tentang                 Number 40 Year 2007 regarding Limited Liability
    sesuai dengan Akta Pernyataan Keputusan Rapat Umum              Company pursuant to the Deed of Minutes of Meeting of                Perseroan Terbatas dimana penggunaannya sesuai               Company, where the usage is in accordance with the
    Pemegang Saham Tahunan Perusahaan No. 60 yang dibuat            General Meeting of the Company’s Shareholders                        dengan ketentuan Pasal 22 Anggaran Dasar                     provisions of Article 22 of the Company’s articles of
    oleh Notaris Ashoya Ratam S.H., M.Kn., tanggal 29 Juni          No. 60 made before Ashoya Ratam S.H., M.Kn., on June                 Perusahaan; dan                                              association; and
    2018 memutuskan penggunaan laba bersih 2017 adalah              29, 2018 decided the use of 2017 net income, as
    sebagai berikut:                                                follows:                                                        2.   Sejumlah    Rp12.854.741.330 digunakan    untuk         2.   Rp12,854,741,330 was used to strengthen the
                                                                                                                                         memperkuat modal Perusahaan yang akan disimpan               Company's capital to be saved as Retained Earnings
                                                                                                                                         sebagai Laba Ditahan

                                                                                                                                    Pada 24 Juli 2020 perusahaan mendapatkan tambahan             On July 24, 2020 the company received an additional
                                                                                                                                    setoran modal dari Tri Ramadi sebesar Rp500.000.000           capital injection from Tri Ramadi of Rp500,000,000

                                                                                                                                    Pengelolaan Modal                                             Capital Management

                                                                                                                                    Tujuan utama pengelolaan modal Perusahaan adalah              The main purpose of the Company’s capital management
                                                                                                                                    untuk memastikan pemeliharaan rasio modal yang sehat          is to ensure the maintenance of a healthy ratio of
                                                                                                                                    untuk mendukung usaha dan memaksimalkan imbalan               capital to support the business as well as to maximize
                                                                                                                                    bagi pemegang saham.                                          return for shareholders.

                                                                                                                                    Selain itu, Perusahaan juga menetapkan cadangan umum          In addition, the Company also established general
                                                                                                                                    sesuai ketentuan pasal 70 Undang-Undang Nomor 40              reserve in accordance with article 70 of Law Number 40
                                                                                                                                    tahun 2007 tentang Perseroan Terbatas dimana                  year 2007 regarding Limited Liability Company where
                                                                                                                                    penggunaannya sesuai dengan ketentuan Pasal 22                the usage is in accordance with the provisions of Article
                                                                                                                                    Anggaran Dasar Perseroan. Kemudian, Perusahaan juga           22 of the Company’s articles of association. Then, the
                                                                                                                                    menetapkan sebagian laba yang diperoleh pada tahun            Company has also set aside some of the profit earned in
                                                                                                                                    2016 sebagai Laba Ditahan (Retained Earnings).                2016 as Retained Earnings.

                                                                                                                                    Kebijakan Perusahaan adalah mempertahankan struktur           The Company’s policy is to maintain a healthy capital
                                                                                                                                    permodalan yang sehat untuk mengamankan akses                 structure for securing healthy access to funding at a
                                                                                                                                    terhadap pendanaan pada biaya yang wajar.                     reasonable cost.
Page 138
                                                                      These consolidated financial statements are originally                                                                            These consolidated financial statements are originally
                                                                                issued in Indonesian language                                                                                                     issued in Indonesian language

                                            Ekshibit E/109                                                        Exhibit E/109                                                  Ekshibit E/110                                                     Exhibit E/110

      PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                   PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                          PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                  PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                   CATATAN ATAS LAPORAN                                 NOTES TO THE CONSOLIDATED FINANCIAL                                           CATATAN ATAS LAPORAN                                NOTES TO THE CONSOLIDATED FINANCIAL
                  KEUANGAN KONSOLIDASIAN                                             STATEMENTS                                                      KEUANGAN KONSOLIDASIAN                                            STATEMENTS
       TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                             AS OF DECEMBER 31, 2021 AND                                   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                            AS OF DECEMBER 31, 2021 AND
          YANG BERAKHIR PADA TANGGAL TERSEBUT                                 FOR THE YEAR THEN ENDED                                        YANG BERAKHIR PADA TANGGAL TERSEBUT                                FOR THE YEAR THEN ENDED
      (Disajikan dalam Rupiah, kecuali dinyatakan lain)              (Expressed in Rupiah, unless otherwise stated)                      (Disajikan dalam Rupiah, kecuali dinyatakan lain)             (Expressed in Rupiah, unless otherwise stated)

21.     PENDAPATAN                                            21.     REVENUE                                                          23. BEBAN USAHA                                             23. OPERATING EXPENSES

                                                                                                                                          a. Beban penjualan                                          a. Selling expenses
                                              2021                     2020
                                                                                                                                             Beban penjualan terdiri dari:                               Selling expenses consist of:
       Pendapatan Hotel                                                                                           Hotel Revenue
                                                                                                                                                                                    2021               2020
       Kamar                                 37.414.959.885           44.429.268.960                                     Rooms
       Makanan dan minuman                   16.268.677.890           15.679.487.051                          Food and beverage              Gaji dan tunjangan                    3.050.648.400       3.439.838.390                             Salaries and wages
       Spa                                    1.797.598.469            2.854.287.097                                       Spa               Komisi                                  782.828.366       2.709.919.849                                    Commission
       Lainnya                                5.941.224.882            4.942.844.903                                     Others              Biaya iklan dan promosi                 662.823.546       1.181.728.437                 Advertising and promotion fee
                                                                                                                                             Beban penjualan (Catatan 32)            493.110.088       1.132.464.619                     Selling expenses (Note 32)
                                                                                                                                             Lainnya (masing-masing dibawah
       Total                                 61.422.461.126           67.905.888.011                                           Total
                                                                                                                                                Rp250 juta)                        1.111.136.247       2.043.762.714             Others (each below Rp250 million)

       Pada tahun yang berakhir pada tanggal-tanggal                 For the years ended December 31, 2021 and 2020,                         Total                                 6.100.546.647      10.507.714.009                                             Total
       31 Desember 2021 dan 2020, tidak ada penjualan dari           there is no sales to one party which exceeds 10% of the
       satu pihak yang melebihi 10% dari total pendapatan            total consolidated revenue.                                           b. Beban umum dan administrasi                             b. General and administrative expenses
       konsolidasian.
                                                                                                                                                                                    2021               2020

22. BEBAN POKOK PENDAPATAN                                    22.    COST OF REVENUE                                                         Biaya penyusutan dan amortisasi      44.986.833.259      45.722.176.949        Depreciation and amortizationexpenses
                                                                                                                                             Gaji dan tunjangan                   17.571.872.957      19.873.078.497                             Salaries and wages
                                                                                                                                             Beban pajak                           5.408.760.923                   -                                    Tax expense
       Beban pokok pendapatan dan pendapatan terdiri dari:           Cost of revenue consist of:
                                                                                                                                             Imbalan pasca kerja karyawan          5.166.722.626       4.878.696.690               Provision for employee benefits
                                                                                                                                             Cadangan Piutang                        980.731.117       3.370.099.733                     Allowances of receivables
                                               2021                 2020                                                                     Biaya alat tulis dan perlengkapan                                                                Stationery and office
                                                                                                                                                kantor                             1.935.199.230       2.379.702.897                           supplies expense
       Beban Departementalisasi                                                                       Departmental Expenses                  Biaya asuransi                        1.809.411.759       2.049.452.133                              Insurance expense
                                                                                                                                             Jasa profesional                      1.791.475.092       1.840.241.343                                Professional fee
       Kamar                                12.392.984.853      18.155.369.067                                          Rooms                Telepon dan fax                         988.933.032       1.864.518.334                             Telephone and fax
       Makanan dan minuman                  12.366.765.697      14.174.350.430                               Food and beverage               Komisi kartu kredit                     803.602.507       1.278.620.690                        Credit card commission
       Spa                                   1.165.657.278       1.685.430.685                                            Spa                Keamanan dan kebersihan                 768.172.620                   -                          Security and cleaning
       Lainnya                               1.535.126.176       2.204.702.843                                          Others               Tunjangan tempat tinggal                665.983.228         690.311.208                             Housing Allowance
                                                                                                                                             Tunjangan kesehatan                     646.374.201         829.249.595                             Medical Allowance
       Total                                27.460.534.004      36.219.853.025                                                 Total         Beban pajak dari surat ketetapan                                                                   Tax expense arising
                                                                                                                                                pajak                                          -       8.230.879.817                           from assessment
                                                                                                                                             Hukum dan perizinan                               -         738.155.203                         Legal and licence fees
       Pada tahun yang berakhir pada tanggal 31 Desember            For the years ended December 31, 2021 and 2020, no
                                                                                                                                             Perbaikan dan pemeliharaan                        -         672.714.667                       Repair and maintenance
       2021 dan 2020, tidak ada pembelian barang dari satu          purchase of goods from one party which exceeds 10%                       Sewa                                              -         521.874.823                                           Rent
       pihak yang melebihi 10% dari total      pendapatan           of the total consolidated revenue.                                       Lainnya (masing-masing dibawah
       konsolidasian.                                                                                                                           Rp250 juta)                        7.368.540.030       6.547.411.194             Others (each below Rp250 million)

                                                                                                                                             Total                                90.892.612.581     101.487.183.773                                             Total
Page 139
                                                                        These consolidated financial statements are originally                                                                                       These consolidated financial statements are originally
                                                                                  issued in Indonesian language                                                                                                                issued in Indonesian language

                                             Ekshibit E/111                                                         Exhibit E/111                                                        Ekshibit E/112                                                          Exhibit E/112

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                        PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                            PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                            PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED FINANCIAL                                             CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                                  STATEMENTS                                                        KEUANGAN KONSOLIDASIAN                                                      STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                  AS OF DECEMBER 31, 2021 AND                                     TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                      AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                      FOR THE YEAR THEN ENDED                                          YANG BERAKHIR PADA TANGGAL TERSEBUT                                          FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                   (Expressed in Rupiah, unless otherwise stated)                        (Disajikan dalam Rupiah, kecuali dinyatakan lain)                       (Expressed in Rupiah, unless otherwise stated)

23. BEBAN USAHA (Lanjutan)                                        23. OPERATING EXPENSES (Continued)                                      24. PENYISIHAN      IMBALAN     PASCA-KERJA       KARYAWAN           24. PROVISION        FOR     POST-EMPLOYMENT            BENEFITS
                                                                                                                                              (Lanjutan)                                                           (Continued)
   c. Beban operasional, properti, pemeliharaan, dan energi           c. Property,    operational,    maintenance      and       energy
                                                                         expenses                                                            Beban penyisihan imbalan pasca-kerja karyawan yang                     The provision for post-employement benefit expenses for
                                                                                                                                             dibebankan untuk tahun yang berakhir pada tanggal                      the years ended December 31, 2021 and 2020 are
                                                 2021                  2020                                                                  31 Desember 2021 dan 2020 disajikan sebagai bagian dari                presented as part of Departmental Expenses (Note 23),
                                                                                                                                             Beban Departementalisasi (Catatan 23), Beban Penjualan,                Selling Expenses, General and Administrative Expenses
       Beban listrik                             7.293.774.536        8.998.703.454                             Electricity expense          Beban Umum dan Administrasi serta Beban Operasional,                   and Property, Maintenance and Energy, Operational
       Beban gaji dan upah                       3.738.404.604        3.752.108.362                      Salary and wages expense            Properti, Pemeliharaan dan Energi (Catatan 23).                        Expenses (Note 23).
                                                                                                         Electrical and mechanical
       Beban peralatan listrik dan mekanik         753.796.735          686.294.045                         equipment expense                Iuran Pasti                                                           Defined Contribution
       Beban pengendalian hama                     491.530.641          457.995.182                           Pest control expense
       Beban waste removal                         465.220.722          472.233.796                        Waste removal expense             Perusahaan (hanya Hotel Alila Ubud, Alila Villas Uluwatu              The Company (only Alila Ubud Hotel, Alila Villas Uluwatu
       Beban air                                   395.741.550          499.284.743                                  Water expense           dan Alila Manggis) menyelenggarakan program pensiun                   and Alila Manggis) established a defined contribution
       Beban BBM                                   368.969.176          247.487.446                                   Fuel expense           iuran pasti untuk semua karyawan tetapnya yang                        pension plan to cover its permanent employees employed
       Beban bahan bangunan                        316.273.093          339.873.659                     Building materials expense           dipekerjakan setelah 3 tahun, yang dikelola oleh DPLK AIA             after 3 years which is managed by DPLK AIA Financial.
       Tunjangan makan                             214.644.581          241.788.940                                 Meal allowance           Financial. Kontribusi dilakukan oleh Hotel Alila Ubud setiap          Contribution is made monthly by Alila Ubud Hotel at a
       Beban perbaikan kendaraan                   197.562.724          247.012.663                         Vehicle repair expense           bulan sebesar 4% dan 5% dari gaji bulanan karyawan yang               rate of 4% and 5% from monthly salary of those employees
                                                                                                               Air conditioning and          bersangkutan masing-masing untuk karyawan yang telah                  for employees with working period for 3 years but less
       Beban pendingin udara dan kulkas            194.017.037          354.349.611                       refrigerator expense               bekerja selama 3 tahun tapi kurang dari 5 tahun dan untuk             than 5 years and for employees with working period for 5
       Beban pemasangan pipa dan                                                                                                             karyawan yang telah bekerja selama 5 tahun atau lebih.                years or more, respectively. Meanwhile, contribution is
          pemanas                                  117.900.439          125.002.842                 Plumbing and heating expense             Sedangkan kontribusi dilakukan oleh Alila Villas Uluwatu              made monthly by Alila Villas Uluwatu and Alila Manggis at
       Beban perbaikan kolam renang dan                                                                 Swimming pool repair and             dan Alila Manggis setiap bulan sebesar 5% dari gaji bulanan           a rate of 5% from monthly salary.
          peralatan                                           -         172.524.292                          supplies expense                karyawan.
       Beban tanah dan pertamanan                             -         126.631.385               Ground and landscaping expense
                                                                                                                                             Jumlah kontribusi yang dibayarkan kepada program iuran                The contribution paid to the defined contribution plan
       Lainnya (masing-masing dibawah
                                                                                                                                             pasti (DPLK AIA) pada tanggal 31 Desember 2021 adalah                 (DPLK AIA) as of December 31, 2021 amounted to
          Rp100 juta)                               80.557.114        1.247.070.119            Others (each below Rp100 millions)
                                                                                                                                             sebesar Rp945.287.405 (2020: Rp1.519.787.938).                        Rp945,287,405 (2020: Rp1,519,787,938).
       Total                                    14.628.392.952       17.968.360.539                                              Total       a. Beban imbalan pasca-kerja karyawan                                 a. Post-employment benefits expense

24. PENYISIHAN IMBALAN PASCA-KERJA KARYAWAN                       24. PROVISION FOR POST-EMPLOYMENT BENEFITS
                                                                                                                                                                                              2021                        2020
   Beban dan liabilitas sehubungan dengan imbalan pasca-              The cost of providing employee benefits for the Company
   kerja karyawan Perusahaan dan entitas anaknya dihitung             and its subsidiaries was calculated by Biro Pusat Aktuaria                Beban jasa kini                                3.082.755.514               3.225.602.283                    Current service cost
   oleh Biro Pusat Aktuaria untuk tanggal 31 Desember 2021            as of December 31, 2021 and 2020 (the Company and its                     Biaya bunga                                    2.394.887.191               1.773.378.485                           Interest cost
   dan 2020 (Perusahaan dan entitas anaknya), dalam                   subsidiaries) in its report on June 30, 2022 and November                 Harapan dari hasil investasi         (           310.920.079 ) (             120.284.078)         Expected return of plan assets
   laporannya masing-masing tanggal 30 Juni 2022 dan 22               22, 2021 respectively, using the “Projected Unit Credit”
   November 2021 dengan menggunakan metode “Projected                 method with the following assumption:                                     Beban imbalan pasca-kerja                                                                                 Net post-employment
   Unit Credit” dengan asumsi sebagai berikut:                                                                                                    karyawan neto                                5.166.722.626               4.878.696.690                  benefits expenses

                                               2021                         2020                                                             b. Penyisihan imbalan pasca-kerja karyawan                            b. Provision for post-employment benefits

   Tingkat diskonto/tahun                       7.13%                       6.98%                                Discount rate/year
   Tabel mortalita                              TMI IV                      TMI IV                                   Mortality table                                                           2021                       2020
                                                                                                        Salaries and wages increase
   Kenaikan gaji dan upah/tahun                   8%                           8%                                     rate/year                 Saldo awal, 1 Januari                         31.705.929.995              25.279.288.032           Beginning balance, January 1
                                                                                                                                                Beban ditahun berjalan                         5.166.722.626               4.878.696.690               Expenses during the year
   Tingkat sakit atau cacat              10% dari mortalita/          10% dari mortalita/                             Disability rate
                                           10% of mortality             10% of mortality                                                        Penyisihan selama tahun berjalan     (         4.100.478.687)              2.636.627.179               Provision during the year
                                                                                                                                                Kontribusi karyawan                  (         1.680.242.431) (            1.088.681.906)            Contribution of employees
   Tingkat pengunduran diri               6% untuk karyawan            6% untuk karyawan                            Resignation rate
                                      sebelum usia 30 tahun dan    sebelum usia 30 tahun dan                                                    Perubahan Rencana Manfaat            (            63.163.319)                          -               Changes in Benefit Plans
                                                                                                                                                Pembayaran tahun berjalan            (            69.352.919)                          -              Payments during the year
                                             akan menurun                 akan menurun
                                        sampai 0% pada usia 2        sampai 0% pada usia 2                                                      Saldo akhir                                   30.959.415.265              31.705.929.995                         Ending Balance
                                         tahun sebelum usia           tahun sebelum usia
                                           pension normal /             pension normal /
                                       6% for employees before      6% for employees before
                                       age of 30 years and will     age of 30 years and will
                                              decrease to                  decrease to
                                       0% at the age of 2 years     0% at the age of 2 years
                                          before the normal            before the normal
                                            retirement age               retirement age
                                             55-57 tahun/                 55-57 tahun/
   Usia pensiun                             55-57 years old              55-57 years old                             Retirement age
Page 140
                                                                         These consolidated financial statements are originally                                                                                  These consolidated financial statements are originally
                                                                                   issued in Indonesian language                                                                                                           issued in Indonesian language

                                                Ekshibit E/113                                                       Exhibit E/113                                                Ekshibit E/114                                                             Exhibit E/114

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                          PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                      PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                           PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED FINANCIAL                                       CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                                    STATEMENTS                                                  KEUANGAN KONSOLIDASIAN                                                     STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                    AS OF DECEMBER 31, 2021 AND                               TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                     AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                        FOR THE YEAR THEN ENDED                                    YANG BERAKHIR PADA TANGGAL TERSEBUT                                         FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                     (Expressed in Rupiah, unless otherwise stated)                  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                      (Expressed in Rupiah, unless otherwise stated)

24.    PENYISIHAN       IMBALAN   PASCA-KERJA      KARYAWAN         24. PROVISION       FOR     POST-EMPLOYMENT            BENEFITS   24. PENYISIHAN     IMBALAN       PASCA-KERJA        KARYAWAN         24. PROVISION       FOR      POST-EMPLOYMENT            BENEFITS
       (Lanjutan)                                                       (Continued)                                                       (Lanjutan)                                                           (Continued)

                                                                                                                                         f. Analisis sensitivitas untuk risiko tingkat diskonto               f. Sensitivity analysis for discount rate risk
      c. Mutasi kerugian aktuarial yang           diakui   pada         c. Movements of actuarial loss recognized in other
         penghasilan komprehensif lain:                                    comprehensive income:                                            Perubahan satu poin persentase dalam tingkat                          A one percentage point change in the assumed
                                                                                                                                            diskonto yang diasumsikan akan memiliki dampak                        discount rate would have the following effects:
                                                                                                                                            sebagai berikut:
                                                   2021                 2020
                                                                                                                                                                                   2021                                   2020
         Saldo awal, 1 Januari             (     2.707.151.307) (         70.524.128)               Beginning balance, January 1
                                                                                                                                                                         Kenaikan/      Penurunan/            Kenaikan/       Penurunan/
         Pengukuran kembali atas                                                                                                                                          Increase       Decrease              Increase        Decrease
            penyisihan imbalan pasca-kerja                                                 Remeasurement of provision for post-             Dampak pada nilai kini                                                                            Effect on the present value
            karyawan                       (     4.100.478.687) (      2.636.627.179)                employment benefits                      kewajiban imbalan                                                                                    of defined benefit
                                                                                                                                              kerja                     31.168.863.513 37.937.206.534        31.229.876.998    38.169.922.587              obligation
         Saldo akhir                        (    6.807.629.994) (      2.707.151.307)                               Ending Balance

      d. Mutasi nilai kini dari imbalan kerja yang diakui pada         d. Movements of the present value of employee                        Dampak pada agregat                                                                                      Effect on the aggregate
         laporan posisi keuangan konsolidasian:                           benefit obligations:                                                biaya jasa kini            2.744.957.070     3.424.776.916      2.735.675.826      3.418.817.664       current service cost

                                                                                                                                          Analisa profil jatuh tempo pembayaran imbalan kerja                  The maturity profile analysis of the employee
                                                   2021                 2020                                                              karyawan adalah sebagai berikut:                                     benefits payments are as follows:

         Saldo awal tahun                   31.705.929.995            25.279.288.032                             Beginning balance
         Beban jasa kini                     3.082.755.514             3.225.602.283                           Current service cost                                                       2021                 2020
         Biaya bunga                         2.394.887.191             1.773.378.485                                  Interest cost
                                                                                                                                          1 tahun                                      1.501.152.560          1.160.693.707                                         1 year
         Pembayaran selama tahun
                                                                                                                                          2-5 tahun                                    8.661.903.552          8.815.463.226                                      2-5 years
            berjalan                      (     69.352.919)                        -                   Payments during the year
                                                                                                                                          Lebih dari 5 tahun                         209.761.607.882        213.061.175.155                              More than 5 years
         Konstribusi oleh pemberi kerja  ( 1.680.242.432) (            1.088.681.906)             Constributions by the employer
         Pengembalian yang Diharapkan                                                                                                     Total                                      219.924.663.994        223.037.332.088                                               Total
            atas Aset Program             (    310.920.079) (            120.284.078)             Expected Return on Plan Assets
         Perubahan Rencana Manfaat       (      63.163.318)                        -                    Changes in Benefit Plans          Durasi kewajiban manfaat pasti Perusahaan dan entitas                The duration of the Company and its subsidiaries
         (Keuntungan)/kerugian actuarial                                                            Actuarial (gains)/losses from         anaknya pada akhir periode pelaporan adalah antara                   defined benefits plan obligation at the end of
            atas perubahan:                                                                                       changes in:             10,54 sampai 15,08 tahun.                                            reporting period is between 10.54 to 15.08 years.
            Asumsi keuangan               ( 4.100.478.687)             2.636.627.179                    Financial assumption

         Saldo akhir                            30.959.415.265         31.705.929.995                               Ending Balance    25. KEPENTINGAN NON-PENGENDALI                                    25. NON-CONTROLLING INTEREST

      e. Mutasi nilai wajar aktiva program yang diakui pada            e. Movements of the fair value of employee benefit                                                                          2021
         laporan posisi keuangan konsolidasian:                           obligations:                                                                                    Bagian atas
                                                                                                                                                       Saldo/Balance       laba (rugi)        Perubahan                                  Saldo/Balance
                                                   2021                 2020                                                                             1 Januari/           neto/         ekuitas lainnya/                             31 Desember/
                                                                                                                                                          January         Share in net       Other equity         Dekonsolidasi/           December
          Saldo awal                             3.499.783.593         1.534.693.231                          Beginning balance                             2020          profit (loss)       movement            Deconsolidated             2021
          Iuran Perusahaan yang Dibayarkan                                                     Company Contribution Paid in The
             dalam Tahun Berjalan                  501.729.431           207.033.258                                  Period
                                                                                                                                          SMA           1.638.556.163 (        376.589)                     -                   -     1.638.179.574                        SMA
          Pembayaran manfaat               (       929.536.991) (      1.104.750.478)                          Benefit payment            BLV       (      76.029.080)(    136.337.481)               435.219                   - (     211.931.342)                       BLV
          Harapan dari investasi                   255.517.981           107.285.096           Expected return from investment            BLS       ( 142.216.672.825)( 14.103.185.791)           116.192.944                   - ( 156.203.665.672 )                       BLS
          (Keuntungan)/Kerugian Aktuarial
                                                                                                                                          BNH          67.417.954.906                -                      -(     67.417.954.906)                -                        BNH
             pada Nilai Wajar Aktiva
                                                                                                                                          BPP                 301.473 (         27.804 )                    -                   -           273.669                        BBP
             program                       (       398.140.511)        2.755.522.486          Actuarial (Gain)/Loss on Plan Assets        KJA                       -                -                      -                   -                 -                        KJA
                                                                                                                                          MA              561.216.181 (     84.368.511 )            4.570.576                   -       481.418.246                         MA
          Saldo akhir                            2.929.353.503         3.499.783.593                               Ending Balance
                                                                                                                                          DMS             207.175.904 (     66.729.288 )                    -                   -       140.446.616                        DMS

                                                                                                                                          Total     ( 72.467.497.278)( 14.391.025.464)            121.198.739(     67.417.954.906) ( 154.155.278.909 )                    Total
Page 141
                                                                           These consolidated financial statements are originally                                                                                                 These consolidated financial statements are originally
                                                                                     issued in Indonesian language                                                                                                                          issued in Indonesian language

                                            Ekshibit E/115                                                             Exhibit E/115                                                           Ekshibit E/116                                                                  Exhibit E/116

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                           PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                           PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                                      PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED FINANCIAL                                            CATATAN ATAS LAPORAN                                                    NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                                     STATEMENTS                                                       KEUANGAN KONSOLIDASIAN                                                                STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                     AS OF DECEMBER 31, 2021 AND                                    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                                AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                         FOR THE YEAR THEN ENDED                                         YANG BERAKHIR PADA TANGGAL TERSEBUT                                                    FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                      (Expressed in Rupiah, unless otherwise stated)                       (Disajikan dalam Rupiah, kecuali dinyatakan lain)                                 (Expressed in Rupiah, unless otherwise stated)

25. KEPENTINGAN NON-PENGENDALI (Lanjutan)                         25. NON-CONTROLLING INTEREST (Continued)                                  27. TAMBAHAN INFORMASI ARUS KAS                                              27.     SUPPLEMENTAL CASH FLOW INFORMATION

                                                             2020                                                                                 Transaksi yang tidak mempengaruhi arus kas:                                  Transactions not affecting cash flows:
                 Saldo/Balance    Bagian atas laba       Perubahan                                  Saldo/Balance
                                                                                                                                                                                                     2021                       2020
                   1 Januari/       (rugi) neto/       ekuitas lainnya/                             31 Desember/
                    January         Share in net        Other equity        Dekonsolidasi/            December                                    Tambahan aset dalam pembangunan yang                                                               Addition in property under development
                      2019          profit (loss)        movement           Deconsolidated              2020                                        berasal dari utang usaha                       9.680.419.594 (             2.064.819.314)                           from trade payable
                                                                                                                                                  Tambahan aset tetap yang berasal dari                                                                       Additional fixed assets from the
   SMA             1.639.319.186 (         763.023 )                 -                 -               1.638.556.163                 SMA            reklasifikasi uang muka aset                   1.076.647.688                            -       reclassification of advances for assets
   BLV               854.541.040 (     692.589.312)(       237.980.808)                - (                76.029.080 )               BLV          Tambahan aset tetap yang berasal dari                                                                Addition in fixed assets from property
   BLS           115.622.778.667 ( 257.899.243.092 )        59.791.600                 - (           142.216.672.825 )                BLS           aset dalam pembangunan                           230.005.350 (         14.652.675.953)                              under development
   BNH            99.429.769.019 ( 32.011.814.113 )                  -                 -              67.417.954.906                 BNH          Tambahan aset tetap yang berasal dari                                                                                  Addition in fixed asset
   BPP                   330.177 (          28.704 )                 -                 -                     301.473                 BBP            utang usaha lain-lain                            136.145.350                            -                           from other payable
   KJA           244.339.315.679     3.220.985.935                   - ( 247.560.301.614)                          -                 KJA          Pengurangan aset dalam pembangunan
                                                                                                                                                    yang berasal dari entitas anak yang                                                             Deduction in property under development
   MA                678.492.446 (     111.211.849)(         6.064.416)                -                 561.216.181                  MA
                                                                                                                                                    didekonsolidasi                                                -      122.204.803.010                 from deconsolidated subsidiary
   DMS               289.241.213 (     250.138.926 )       168.073.617                 -                 207.175.904                 DMS
                                                                                                                                                  Pengurangan aset tetap yang berasal dari                                                                     Deduction of fixed assets from
                                                                                                                                                    entitas anak KJA yang di-dekonsolidasi                         -      362.361.968.501                       deconsolidated subsidiary
   Total         462.853.787.427 ( 287.744.803.084)(         16.180.007) ( 247.560.301.614)(          72.467.497.278 )              Total         Tambahan aset tetap yang berasal dari                                                                Addition in fixed assets from property
                                                                                                                                                    aset dalam pembangunan                                                     5.851.569.304                           under development
                                                                                                                                                  Pengurangan utang jangka panjang yang
                                                                                                                                                    berasal dari entitas anak yang di-                                                                Deduction of long-term debt originating
26. PENDAPATAN OPERASIONAL LAIN                                   26.     OTHER OPERATING INCOME
                                                                                                                                                    dekonsolidasi                                                  - (     86.521.820.717)               from deconsolidated subsidiaries
                                                                                                                                                  Tambahan aset dalam pembangunan yang
   Pendapatan operasional lain terdiri dari:                              Other operating income consist of:
                                                                                                                                                    berasal dari beban yang masih harus                                                          Addition in property under development
                                                                                                                                                    dibayar – bunga                                                - (   3.602.385.118)             from accrued expenses – interest
                                                                                                                                                  Revaluasi aset tetap                                             - ( 228.845.400.000)                        Revaluation of fixed assets
                                                       2021                  2020                                                                 Tambahan aset dalam pembangunan yang                                                              Additional assets under construction
                                                                                                                                                    berasal dari reklasifikasi uang muka                                                     from the reclassification of advances for
   Laba penjualan aset tetap (Catatan 12)               207.645.783         376.216.447       Gain on sale of fixed assets (Note 12)                aset                                                           - (          162.000.000)                                    assets
   Lainnya (masing-masing dibawah                                                                                                                 Tambahan aset dalam pembangunan yang
      Rp500 juta)                                                  -       9.926.390.822        Others (each below Rp500 millions)                  berasal dari beban yang masih harus                                                              Addition to property under development
                                                                                                                                                    dibayar                                                        - (         1.186.745.525)                      from accrued expenses
   Saldo akhir                                          207.645.783       10.302.607.269                              Ending balance              Reklasifikasi aset KSO dalam konstruksi ke                                                             Reclassification of KSO assets under
                                                                                                                                                    beban lainnya                                                  -            821.426.576                    construction to other expenses
                                                                                                                                                  Tambahan aset dalam pembangunan yang                                                               Addition in property under development
   Pada tanggal 31 Desember 2019, akta notaris no 17                      On December 31, 2019, Notarial Deed no 17, made by
                                                                                                                                                    berasal dari utang lain-lain                                   - (          441.612.105)                              from other payable
   dibuat    oleh Notaris Ungke Mulawanti, S.H., M. Kn.                   Ungke    Mulawanti,     S.H.,   M.    Kn.       about
   Mengenai pernyataan Keputusan Para Pemegang Saham                      the statement of the decision of shareholders, it was
   BB, menyatakan bahwa saham yang ditanam pada BB,                       stated that shares invested in BB, was sold to
                                                                                                                                            28.    ASET DAN LIABILITAS DALAM MATA UANG ASING                             28.     MONETARY ASSETS AND LIABILITIES DENOMINATED
   dilepaskan kepada PT Surya Nusa Berdikari dan kepada                   PT. Surya Nusa Berdikari and Mr. Johan Yudya Santosa.                                                                                                  IN FOREIGN CURRENCIES
   Tuan Johan Yudya Santosa. Perubahan data ini sudah                     This data is recorded by the Ministry of Laws and
   dicatat oleh Kementerian Hukum dan Hak Asasi Manusia                   Human Rights of the Repulic of Indonesia Directorate                    Pada tanggal 31 Desember 2021, Perusahaan dan entitas                         As of December 31, 2021, the Company and its subsidiaries has
   Republik Indonesia Direktorat Jenderal Administrasi                    General of Administration of Public Laws with letter                    anaknya memiliki aset dan liabilitas moneter dalam mata uang                  monetary assets and liabilities denominated in foreign
                                                                                                                                                  asing. Nilai aset dan liabilitas moneter dalam mata uang asing                currency. The value of monetary assets and liabilities
   Hukum Umum dengan No: AHU-AH.01.03.0049771 yang                        No: AHU-AH-01.03.0049771 issued on January 28,
                                                                                                                                                  pada tanggal laporan posisi keuangan konsolidasian disajikan                  denominated in foreign currency at the consolidated
   diterbitkan pada tanggal 28 Januari 2020. Saham                        2020. The shares were          sold at a price of
                                                                                                                                                  sebagai berikut:                                                              statement of financial position date are presented as follows:
   tersebut dijual dengan harga Rp19.261.836.000 yang                     Rp19,261,836,000 resulting in a gain on sale of
   menghasilkan laba atas penjualan investasi saham                       investment amounting to Rp10,252,430,809
                                                                                                                                                                                                                   2021
   sebesar Rp10.252.430.809.
                                                                                                                                                                                        Mata Uang Asing/                    Setara Rupiah/
                                                                                                                                                                                       Foreign Currencies                Equivalent in Rupiah
                                                                                                                                                  Aset                                                                                                                                    Assets
                                                                                                                                                  Kas dan bank                                                                                                                    Cash and bank
                                                                                                                                                     Dalam Dolar AS                       USD         7.372                                     105.196.391                  In US Dollars
                                                                                                                                                     Dalam Korea Won                      KRW       240.600                                       2.887.200                 In Korean Won
                                                                                                                                                  Piutang usaha                                                                                                               Trade receivables
                                                                                                                                                     Dalam Dolar AS                       USD        85.542                                1.220.595.162                       In US Dollars

                                                                                                                                                  Total aset dalam mata uang asing                                                         1.328.678.753      Total assets in foreign currency
Page 142
                                                                                These consolidated financial statements are originally                                                                                 These consolidated financial statements are originally
                                                                                          issued in Indonesian language                                                                                                          issued in Indonesian language

                                                   Ekshibit E/117                                                           Exhibit E/117                                                     Ekshibit E/118                                                       Exhibit E/118

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                                 PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                          PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                       PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED FINANCIAL                                           CATATAN ATAS LAPORAN                                     NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                                           STATEMENTS                                                      KEUANGAN KONSOLIDASIAN                                                 STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                           AS OF DECEMBER 31, 2021 AND                                   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                 AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                               FOR THE YEAR THEN ENDED                                        YANG BERAKHIR PADA TANGGAL TERSEBUT                                     FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                            (Expressed in Rupiah, unless otherwise stated)                      (Disajikan dalam Rupiah, kecuali dinyatakan lain)                  (Expressed in Rupiah, unless otherwise stated)

28. ASET DAN LIABILITAS DALAM MATA UANG ASING                            28. MONETARY ASSETS AND LIABILITIES DENOMINATED IN                      29. NILAI   WAJAR       DARI    INSTRUMEN        KEUANGAN        29. FAIR    VALUE       OF      FINANCIAL       INSTRUMENTS
    (Lanjutan)                                                               FOREIGN CURRENCIES (Continued)                                          (Lanjutan)                                                       (Continued)

                                                                       2021                                                                         Tabel berikut menyajikan nilai tercatat dan estimasi nilai       The following table sets out the carrying values and
                                           Mata Uang Asing/                Setara Rupiah/                                                           wajar dari instrumen keuangan Perusahaan dan entitas             estimated fair values of the Company and its subsidiaries’
                                          Foreign Currencies             Equivalent in Rupiah                                                       anaknya pada tanggal 31 Desember 2021 dan 2020.                  financial instruments as of December 31, 2021 and 2020.
   Liabilitas                                                                                                                      Liabilities      (Lanjutan)                                                       (Continued)
   Utang usaha                                                                                                                Trade payables
      Dalam Dolar AS                         USD        244.686                             3.491.430.556                   In US Dollars
                                                                                                                                                                                          2021                                 2020
      Dalam Dolar Singapura                  SGD        250.924                             2.643.233.416           In Singapore Dollars
      Dalam Euro                             EUR            860                                13.869.220                         In Euro                                    Nilai Tercatat/   Nilai Wajar/       Nilai Tercatat/   Nilai Wajar/
      Dalam Yuan China                       CNY          2.054                                 4.596.852                  In China Yuan                                     Carrying Value    Fair Values        Carrying Value    Fair Values
   Uang muka pelanggan                                                                                              Advance from customers
      Dalam Dolar AS                         USD        886.654                         12.651.664.938                      In US Dollars
                                                                                                                                                    Liabilitas Keuangan                                                                                Financial Liability
                                                                                                                                                    Liabilitas yang diukur
   Total liabilitas dalam mata                                                                                            Total liabilities in       pada biaya perolehan                                                                         Liabilities measured at
     uang asing                                                                         18.804.794.982                  foreign currency             yang diamortisasi                                                                               amortized cost
                                                                                                                                                     Utang usaha             12.637.144.191    12.637.144.191    11.699.623.572    11.699.623.572           Trade payables
   Liabilitas neto dalam mata uang                                                                                          Net liabilities in
                                                                                                                                                     Utang lain-lain         93.637.940.396    93.637.940.396   166.702.054.852 166.702.054.852             Other payables
      asing                                                       (                     17.476.116.229)                 foreign currency
                                                                                                                                                     Utang pihak berelasi     7.014.630.040     7.014.630.040     5.756.171.692     5.756.171.692   Due to related parties
                                                                                                                                                     Beban yang masih
                                                                                                                                                       harus dibayar        473.978.290.630 473.978.290.630     300.566.176.713 300.566.176.713          Accrued expenses
29. NILAI WAJAR DARI INSTRUMEN KEUANGAN                                  29. FAIR VALUE OF FINANCIAL INSTRUMENTS                                     Utang jangka panjang 1.127.192.151.214 1.127.192.151.214 1.213.505.858.703 1.213.505.858.703         Long-term debts

   Tabel berikut menyajikan nilai tercatat dan estimasi nilai wajar           The following table sets out the carrying values and estimated        Total                   1.714.460.156.471 1.714.460.156.471 1.698.229.885.532 1.698.229.885.532                             Total
   dari instrumen keuangan Perusahaan dan entitas anaknya pada                fair values of the Company and its subsidiaries’ financial
   tanggal 31 Desember 2021 dan 2020.                                         instruments as of December 31, 2021 and 2020.                         Nilai wajar didefinisikan sebagai jumlah dimana instrumen        Fair value is defined as the amount at which the
                                              2021                                      2020                                                        tersebut dapat dipertukarkan di dalam transaksi jangka           instrument could be exchanged in a current transaction
                                 Nilai Tercatat/   Nilai Wajar/         Nilai Tercatat/    Nilai Wajar/                                             pendek antara pihak yang berkeinginan dan memiliki               between knowledgeable willing parties in an arm's-length
                                 Carrying Value    Fair Values          Carrying Value     Fair Values                                              pengetahuan yang memadai melalui suatu transaksi yang            transaction, other than in a forced or liquidation sale. Fair
   Aset Keuangan                                                                                                            Financial Assets        wajar, selain di dalam penjualan terpaksa atau penjualan         values are obtained from quoted market prices,
   Biaya diamortisasi                                                                                                        Amortized cost         likuidasi. Nilai wajar didapatkan dari kuotasi harga pasar,      discounted cash flow models and option pricing models as
    Kas dan bank                   4.421.754.060       4.421.754.060      2.820.659.621         2.820.659.621                Cash and bank          model arus kas diskonto dan model penentuan harga opsi           appropriate.
    Piutang usaha – pihak                                                                                              Trade receivables -          yang sewajarnya.
      berelasi                     1.445.243.884       1.445.243.884          715.198.446         715.198.446          related parties
    Piutang usaha – pihak                                                                                              Trade receivables –          Instrumen keuangan yang disajikan di dalam laporan posisi        Financial instruments presented in the consolidated
      ketiga                       1.533.438.729       1.533.438.729      2.032.343.886         2.032.343.886             third parties             keuangan konsolidasian dicatat sebesar nilai wajar, atau         statements of financial position are carried at their fair
    Piutang lain-lain – pihak                                                                                          Other receivables –          sebaliknya, disajikan dalam jumlah tercatat apabila jumlah       value, otherwise, they are presented at carrying values as
      ketiga                      40.041.471.654      40.041.471.654    112.001.968.980       112.001.968.980            third parties              tersebut mendekati nilai wajarnya atau nilai wajarnya            either these are reasonable approximation of fair values
    Piutang lain-lain - pihak                                                                                          Other receivables –          tidak dapat diukur secara handal. Metode-metode dan              or their fair values cannot be reliably measured. The
      berelasi                    21.700.900.111      21.700.900.111     19.592.120.353        19.592.120.353          related parties              asumsi-asumsi di bawah ini digunakan untuk mengestimasi          following methods and assumptions are used to estimate
    Aset tidak lancar lainnya                                                                                     Other non-current assets          nilai wajar untuk masing-masing kelas instrumen keuangan:        the fair value of each class of financial instruments:
       Piutang lain-lain             181.563.153         181.563.153        181.563.153           181.563.153            Other receivables
       Uang jaminan                1.584.159.464       1.584.159.464      1.630.662.496         1.630.662.496            Security deposits          a. Nilai wajar untuk kas dan bank, investasi jangka              a. The fair value of cash and bank, short-term
                                                                                                                                                       pendek, piutang usaha, piutang lain-lain, piutang pihak          investments, trade receivables, other receivables, due
   Total                          70.908.531.055      70.908.531.055    138.974.516.935       138.974.516.935                            Total
                                                                                                                                                       berelasi, piutang beli efek dengan janji dijual kembali,         from related parties, reverse repo receivables, other
                                                                                                                                                       aset tidak lancar lainnya – uang jaminan, aset tidak             non-current assets – security deposits, other non-
                                                                                                                                                       lancar lainnya – piutang lain-lain, piutang pemegang             current assets – other receivables, due from
                                                                                                                                                       saham, utang usaha, utang lain-lain, beban yang masih            shareholders, trade payables, other payables, accrued
                                                                                                                                                       harus dibayar dan utang pihak berelasi mendekati nilai           expenses and due to related parties approximate their
                                                                                                                                                       tercatatnya karena jangka waktu jatuh tempo yang                 carrying values largely due to short-term maturities of
                                                                                                                                                       singkat atas instrumen keuangan tersebut.                        these instruments.

                                                                                                                                                       Adalah tidak praktis untuk memperkirakan nilai wajar             It is not practical to estimate the fair value of security
                                                                                                                                                       dari uang jaminan dikarenakan tidak memiliki jangka              deposits since they have no fixed repayment period
                                                                                                                                                       waktu pembayaran yang tetap meskipun tidak                       and they are not expected to be completed within 12
                                                                                                                                                       diharapkan dapat diselesaikan dalam waktu 12 (dua                (twelve) months after reporting date.
                                                                                                                                                       belas) bulan setelah tanggal pelaporan.

                                                                                                                                                    b. Pada tahun 2021 dan 2020 utang jangka panjang                 b. In 2021 and 2020 long-term represent loan with
                                                                                                                                                       merupakan pinjaman yang memiliki suku bunga pasar                floating market interest rates, thus the carrying value
                                                                                                                                                       mengambang sehingga nilai tercatatnya kurang lebih               approximate its fair values.
                                                                                                                                                       mencerminkan nilai wajarnya.
Page 143
                                                                         These consolidated financial statements are originally                                                                          These consolidated financial statements are originally
                                                                                   issued in Indonesian language                                                                                                   issued in Indonesian language

                                              Ekshibit E/119                                                         Exhibit E/119                                                  Ekshibit E/120                                                   Exhibit E/120

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                      PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                            PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                  PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                    NOTES TO THE CONSOLIDATED FINANCIAL                                             CATATAN ATAS LAPORAN                                NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                                STATEMENTS                                                        KEUANGAN KONSOLIDASIAN                                            STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                AS OF DECEMBER 31, 2021 AND                                     TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                            AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                    FOR THE YEAR THEN ENDED                                          YANG BERAKHIR PADA TANGGAL TERSEBUT                                FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                 (Expressed in Rupiah, unless otherwise stated)                        (Disajikan dalam Rupiah, kecuali dinyatakan lain)             (Expressed in Rupiah, unless otherwise stated)

30. TUJUAN   DAN        KEBIJAKAN      MANAJEMEN       RISIKO   30. FINANCIAL        RISK    MANAGEMENT         OBJECTIVES        AND   30. TUJUAN DAN KEBIJAKAN            MANAJEMEN      RISIKO    30. FINANCIAL RISK MANAGEMENT              OBJECTIVES        AND
    KEUANGAN                                                        POLICIES                                                                KEUANGAN (Lanjutan)                                          POLICIES (Continued)

   Risiko utama dari instrumen keuangan Perusahaan dan              The main risks arising from the Company and its                        b.   Risiko mata uang asing (Lanjutan)                       b.   Foreign currency risk (Continued)
   entitas anaknya adalah risiko tingkat suku bunga, risiko         subsidiaries financial instruments are interest rate                        Analisis sensitivitas untuk risiko nilai mata uang           Sensitivity analysis for foreign currency risk
   pasar (termasuk risiko mata uang) dan risiko likuiditas.         risk, market risk (including currency risk) and liquidity                   asing
   Penelaahan direktur dan kebijakan yang disetujui untuk           risk. The directors review and approve policies for
   mengelola masing-masing risiko ini dijelaskan secara             managing each of these risks, which are described in                        Pada tanggal 31 Desember 2021, jika nilai                    As of December 31, 2021, had the exchange rate of
   detail sebagai berikut:                                          more detail as follows:                                                     tukar Rupiah    terhadap     mata    uang   asing            the Rupiah against the foreign currency
                                                                                                                                                menurun/meningkat sebanyak 10% dengan semua                  depreciated/appreciated by 10% with all other
   a. Risiko tingkat suku bunga                                     a.      Interest rate risk                                                  variabel konstan, rugi sebelum manfaat pajak                 variables held constant, loss before tax benefit for
                                                                                                                                                untuk tahun yang berakhir, akan menjadi lebih                the year then ended would have been
        Risiko tingkat suku bunga Perusahaan dan entitas                  The Company and its subsidiaries interest rate risk                   rendah/tinggi sebesar Rp2.013.347.174 terutama               Rp2,013,347,174 lower/higher, mainly as a result
        anaknya terutama timbul dari pinjaman untuk                       mainly arises from loans for working capital and                      sebagai akibat kerugian/keuntungan penjabaran                of foreign exchange losses/gains on the translation
        tujuan modal kerja dan investasi. Pinjaman pada                   investment. Loans at variable interest rates                          kas dan bank, piutang usaha, piutang pihak                   of cash and bank, trade receivables, other
        berbagai tingkat suku bunga variabel menyebabkan                  exposed the Company and its subsidiaries to fair                      berelasi, piutang lain-lain, utang jangka pendek,            receivables, due from related parties, trade
        Perusahaan dan entitas anaknya memiliki risiko                    value interest rate risk.                                             utang usaha, utang pihak berelasi dan uang muka              payables, due to related parties and advance from
        terhadap nilai wajar risiko tingkat suku bunga.                                                                                         pelanggan.                                                   customers.

                                                                                                                                                Aset dan liabilitas Perusahaan dan entitas anaknya           Monetary assets and liabilities of the Company and
        Analisis sensitivitas untuk risiko tingkat suku bunga             Sensitivity analysis for interest rate risk
                                                                                                                                                dalam mata uang asing pada tanggal 31 Desember               its subsidiaries denominated in foreign currencies
                                                                                                                                                2021 dan 2020 disajikan di Catatan 29.                       as of December 31, 2021 and 2020 are presented in
        Pada tanggal 31 Desember 2021, jika tingkat suku                  As of December 31, 2021, had the interest rate of
                                                                                                                                                                                                             Note 29.
        bunga pinjaman meningkat/menurun sebesar                          the loans been 50 basis points higher/lower with
        50 basis poin dengan semua variabel konstan, rugi                 all other variables held constant, loss before tax               c. Risiko kredit                                             c. Credit risk
        sebelum manfaat     pajak untuk tahun        yang                 benefit for the year then ended would have been
                                                                                                                                                Risiko kredit yang dihadapi oleh Perusahaan dan              The Company and its subsidiaries are exposed to
        berakhir pada tanggal tersebut akan menjadi                       Rp12,041,306,421        (December     31,    2020:
                                                                                                                                                entitas anaknya berasal dari kredit yang diberikan           credit risk arising from the credit granted to its
        lebih rendah/tinggi sebesar      Rp12.041.306.421                 Rp10,095,167,068) lower/higher, mainly as a result
                                                                          of higher/lower interest expense on loans with                        kepada pelanggan. Untuk meringankan risiko ini,              customers. To mitigate this risk, it has policies in
        (31 Desember 2020: Rp10.095.167.068), terutama
                                                                          floating interest rates.                                              ada kebijakan untuk memastikan penjualan hanya               place to ensure that sales are made only to
        sebagai akibat kenaikan/penurunan biaya bunga
                                                                                                                                                dibuat kepada pelanggan yang dapat dipercaya dan             creditworthy customers with proven track record
        atas pinjaman dengan tingkat bunga mengambang.
                                                                                                                                                terbukti mempunyai sejarah kredit yang baik. Ini             or good credit history. It is the Company and its
                                                                                                                                                merupakan kebijakan Perusahaan dan entitas                   subsidiaries’ policy that all customers who wish to
   b.   Risiko mata uang asing                                      b.      Foreign currency risk
                                                                                                                                                anaknya dimana semua pelanggan yang akan                     trade on credit are subject to credit verification
                                                                                                                                                melakukan pembelian secara kredit harus melalui              procedures. The Company and its subsidiaries are
        Mata uang pelaporan Perusahaan dan entitas                         The Company and its subsidiaries reporting
                                                                                                                                                prosedur verifikasi kredit. Perusahaan dan entitas           considering the occurrence of credit risk if the
        anaknya adalah Rupiah. Perusahaan menghadapi                       currency is Rupiah. The Company and its
                                                                                                                                                anaknya mempertimbangkan adanya risiko kredit                respective receivables have the period of 90 days
        risiko nilai tukar mata uang asing karena pinjaman,                subsidiaries faces foreign exchange risk as its
                                                                                                                                                apabila piutang tersebut telah memiliki umur 90              from the issuance of invoice, except for real
        penjualan dan beberapa biaya pembelian utamanya                    borrowings, sales and the costs of certain key
                                                                                                                                                hari dari saat faktur diterbitkan kecuali untuk              estate receivable. In addition, receivable balances
        dalam mata uang Dolar Amerika Serikat (AS) dan                     purchases are either denominated in the United
                                                                                                                                                piutang real estat. Sebagai tambahan, saldo                  are monitored on an ongoing basis to reduce the
        Dolar Singapura atau harga yang secara signifikan                  States (US) Dollars and Singapore Dollar or whose
                                                                                                                                                piutang dipantau secara terus menerus untuk                  Company and its subsidiaries exposure to bad
        dipengaruhi oleh tolak ukur perubahan harga dalam                  price is significantly influenced by their
                                                                                                                                                mengurangi kemungkinan piutang yang tidak                    debts.
        mata uang asing (terutama Dolar AS) seperti yang                   benchmark price movements in foreign currencies
                                                                                                                                                tertagih.
        dikutip     dari    pasar  internasional.    Apabila               (mainly US Dollar) as quoted in the international
        pendapatan dan pembelian Perusahaan di dalam                       markets. To the extent that the revenue and                          Ketika pelanggan tidak mampu melakukan                       When a customer fails to make payment within
        mata uang selain Rupiah tidak seimbang dalam hal                   purchases of the Company and its subsidiaries are                    pembayaran dalam jangka waktu yang telah                     the credit term granted, the Company and its
        kuantitas dan/atau pemilihan waktu, Perusahaan                     denominated in currencies other than Rupiah, and                     diberikan, Perusahaan dan entitas anaknya akan               subsidiaries will contact the customer to act on
        dan Entitas Anak memiliki risiko terhadap mata                     are not evenly matched in terms of quantum                           menghubungi pelanggan untuk menindaklanjuti                  the overdue receivables. If the customer does not
        uang asing.                                                        and/or timing, the Company and its subsidiaries                      piutang yang telah lewat jatuh tempo. Jika                   settle the overdue receivable within a reasonable
                                                                           have exposure to foreign currency risk.                              pelanggan tidak melunasi piutang yang telah jatuh            time, the Company and its subsidiaries will ensure
                                                                                                                                                tempo dalam jangka waktu yang telah ditentukan,              the re-commitment to its customers. Depending
        Perusahaan dan entitas anaknya tidak mempunyai                     The Company and its subsidiaries do not have any                     Perusahaan dan entitas anaknya akan memastikan               on the Company and its subsidiaries assessment,
        kebijakan lindung nilai yang formal untuk laju                     formal hedging policy for foreign exchange                           kembali komitmen para pelanggan. Tergantung                  specific provisions may be made if the debt is
        pertukaran mata uang asing. Bagaimanapun,                          exposure. However, in relation to the matters                        pada penilaian Perusahaan, penyisihan khusus                 deemed uncollectible to mitigate credit risk. The
        terkait dengan hal-hal yang telah didiskusikan pada                discussed in the preceding paragraph, the                            mungkin dibuat jika utang dianggap tidak tertagih            maximum exposure to the credit risk is
        paragraf di atas, fluktuasi dalam nilai tukar Rupiah               fluctuations in the exchange rates between the                       untuk meringankan risiko kredit. Eksposur                    represented by the carrying amount as shown in
        dan Dolar AS menghasilkan lindung nilai natural                    Rupiah and US Dollar produce a natural hedge for
                                                                                                                                                maksimum risiko kredit dinyatakan sebesar nilai              Note 7.
                                                                           the exchange rate of the Company and its
        untuk laju nilai tukar Perusahaan dan Entitas Anak.                                                                                     tercatat seperti yang disajikan pada Catatan 7.
                                                                           subsidiaries.
Page 144
                                                                       These consolidated financial statements are originally                                                                                                     These consolidated financial statements are originally
                                                                                 issued in Indonesian language                                                                                                                              issued in Indonesian language

                                           Ekshibit E/121                                                          Exhibit E/121                                                                Ekshibit E/122                                                                       Exhibit E/122

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                        PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                     PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                                            PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED FINANCIAL                                      CATATAN ATAS LAPORAN                                                          NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                                  STATEMENTS                                                 KEUANGAN KONSOLIDASIAN                                                                      STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                  AS OF DECEMBER 31, 2021 AND                              TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                                      AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                      FOR THE YEAR THEN ENDED                                   YANG BERAKHIR PADA TANGGAL TERSEBUT                                                          FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                   (Expressed in Rupiah, unless otherwise stated)                 (Disajikan dalam Rupiah, kecuali dinyatakan lain)                                       (Expressed in Rupiah, unless otherwise stated)

30. TUJUAN DAN KEBIJAKAN            MANAJEMEN       RISIKO     30. FINANCIAL RISK MANAGEMENT OBJECTIVES AND                         30. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO KEUANGAN                                   30. FINANCIAL RISK MANAGEMENT                          OBJECTIVES        AND
    KEUANGAN (Lanjutan)                                            POLICIES (Continued)                                                 (Lanjutan)                                                                           POLICIES (Continued)
                                                                                                                                        d. Risiko likuiditas (Lanjutan)                                                      d.      Liquidity risk (Continued)
   c. Risiko kredit (Lanjutan)                                        c. Credit risk (Coninued)                                             Tabel di bawah ini merangkum profil jatuh tempo liabilitas                              The table below summarizes the maturity profile of the
                                                                                                                                            keuanganPerusahaan dan entitas anaknya.                                                 Company’s and its subsidiaries’ financial liabilities.
       Sehubungan dengan risiko kredit yang timbul dari                   With respect to credit risk arising from the other
       aset keuangan lainnya, yang terdiri dari kas dan                   financial assets, which comprise cash and bank and                                                                                         31 Desember 2021/December 2021
       bank dan investasi jangka pendek, piutang beli                     short-term investment, reverse repo receivables,                                                                                                              Lebih dari 5                                     Nilai wajar
                                                                                                                                                                        Dibawah 1 tahun/           1-2 tahun/           3-5 tahun/        tahun/                                      31 Des 2021/Fair
       efek dengan janji dijual kembali, pengaruh risiko                  the Company and its subsidiaries exposure to
                                                                                                                                                                          Below 1 year             1-2 years             3-5 years      Over 5 years                  Total          value 31 Dec 2021
       kredit Perusahaan dan entitas anaknya timbul                       credit risk arises from default of the                      Liabilitas jangka pendek/
       akibat kegagalan pihak lain untuk melunasi                         counterparty. The maximum exposure equal to the               Current liabilities
       kewajibannya. Pengaruh maksimum yang muncul                        carrying amount as disclosed in Note 5. As of               Utang usaha/ Trade payables           12.637.144.191                       -                      -                -         12.637.144.191        12.637.144.191
                                                                                                                                      Utang lain-lain/Other payables        93.637.940.396                       -                      -                -         93.637.940.396        93.637.940.396
       adalah sama dengan nilai tercatat seperti                          December 31, 2021 and 2020, the Company and its             Utang pihak berelasi/ Due to
       dijelaskan dalam Catatan 5. Pada tanggal                           subsidiaries have placed the time deposits in                 related parties                      7.014.630.040                       -                      -                -          7.014.630.040         7.014.630.040
       31 Desember 2021 dan 2020, Perusahaan dan                          PT Bank Victoria International Tbk.                         Beban yang masih harus
                                                                                                                                        dibayar/Accrued expenses           473.978.290.630                       -                      -                -        473.978.290.630       473.978.290.630
       entitas anaknya menempatkan deposito berjangka
                                                                                                                                      Uang muka penjualan
       pada PT Bank Victoria International Tbk.                                                                                         /Advance from sales                 32.371.132.164                       -                      -                -         32.371.132.164        32.371.132.164
                                                                                                                                      Utang jangka panjang yang
                                   Belum Jatuh Tempo, Telah                                                                             akan jatuh tempo dalam
                                                                                                                                        satu tahun / Current
                                    Jatuh Tempo dan Tidak                Jatuh Tempo dan                                                maturities of long term
                                 Mengalami Penurunan Nilai/Not         Mengalami Penurunan                                              debts                           1.126.833.901.534                        -                      -                -       1.126.833.901.534    1.126.833.901.534
                                   Yet Due, Pastdue, and Not                   Nilai/                           Jumlah/
                                                                                                                                      Liabilitas jangka panjang/
                                           Impaired                    Past Due and Impaired                     Total                  Non-current liabilities
   Piutang Usaha/
   Trade Receivables                                                                                                                  Utang jangka panjang setelah
                                                                                                                                        dikurangi bagian yang jatuh
   2021                                              1.594.872.582                43.459.281.208                   45.054.153.790       tempo dalam satu tahun/
   2020                                              3.554.456.435                42.556.201.216                   46.110.657.651       Long-term debts, net of
                                                                                                                                        current maturities                                  -         358.249.680                       -                -            358.249.680          358.249.680
   d. Risiko likuiditas                                              d.   Liquidity risk
                                                                                                                                      Total/ Total                      1.746.473.038.955             358.249.680                       -                -       1.746.831.288.635    1.746.831.288.635

       Perusahaan dan entitas anaknya mengelola profil                    The Company and its subsidiaries manage their                                                                                              31 Desember 2020/December 2020
       likuiditasnya untuk dapat mendanai pengeluaran                     liquidity profile to be able to finance its capital                                                                                                             Lebih dari 5                                   Nilai wajar
                                                                                                                                                                       Dibawah 1 tahun/            1-2 tahun/             3-5 tahun/        tahun/                                    31 Des 2020/Fair
       modalnya dan mengelola utang yang jatuh tempo                      expenditure and service their maturing debts by
                                                                                                                                                                         Below 1 year              1-2 years               3-5 years     Over 5 years                  Total         value 31 Dec 2020
       dengan mengatur kas yang cukup, dan ketersediaan                   maintaining sufficient cash, and the availability of        Liabilitas jangka pendek/
       pendanaan melalui jumlah fasilitas kredit                          funding through an adequate amount of                         Current liabilities
       berkomitmen yang cukup.                                            committed credit facilities.                                Utang usaha/ Trade payables          11.699.623.572                                                                           11.699.623.572       11.699.623.572
                                                                                                                                      Utang lain-lain/Other
                                                                                                                                        payables                          166.702.054.852                            -                      -                -     166.702.054.852      166.702.054.852
       Perusahaan dan entitas anaknya secara regular                      The Company and its subsidiaries regularly                  Utang pihak berelasi/ Due to
       mengevaluasi proyeksi dan aktual arus kas dan                      evaluate their projected and actual cash flow                 related parties                     5.756.171.692                            -                      -                -       5.756.171.692        5.756.171.692
                                                                                                                                      Beban yang masih harus
       terus menerus menilai kondisi pada pasar keuangan                  information and continuously assess conditions in             dibayar/Accrued expenses          300.566.176.713                            -                      -                -     300.566.176.713      300.566.176.713
       untuk kesempatan mengejar inisiatif penggalangan                   the financial markets for opportunities to pursue           Uang muka penjualan
       dana. Inisiatif-inisiatif ini termasuk utang bank dan              fund-raising initiatives. These initiatives may               /Advance from sales                49.790.250.275                            -                      -                -      49.790.250.275       49.790.250.275
                                                                                                                                      Utang jangka panjang yang
       pinjaman dan isu pasar modal.                                      include bank loans and borrowings and equity
                                                                                                                                        akan jatuh tempo dalam
                                                                          market issues.                                                satu tahun / Current
                                                                                                                                        maturities of long term
                                                                                                                                        debts                          1.137.783.946.374                             -                      -                - 1.137.783.946.374      1.137.783.946.374

                                                                                                                                      Liabilitas jangka panjang/
                                                                                                                                        Non-current liabilities

                                                                                                                                      Utang jangka panjang setelah
                                                                                                                                        dikurangi bagian yang jatuh
                                                                                                                                        tempo dalam satu tahun/
                                                                                                                                        Long-term debts, net of
                                                                                                                                        current maturities                              -             45.150.419.764      30.571.492.565                     -      75.721.912.329       75.721.912.329

                                                                                                                                      Total/ Total                     1.672.298.223.478              45.150.419.764      30.571.492.565                     - 1.748.020.135.807      1.748.020.135.807
Page 145
                                                                                        These consolidated financial statements are originally                                                                                                          These consolidated financial statements are originally
                                                                                                  issued in Indonesian language                                                                                                                                   issued in Indonesian language

                                                  Ekshibit E/123                                                                           Exhibit E/123                                                              Ekshibit E/124                                                                         Exhibit E/124

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                                    PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                                         PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                                    PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                                  NOTES TO THE CONSOLIDATED FINANCIAL                                                          CATATAN ATAS LAPORAN                                                  NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                                              STATEMENTS                                                                     KEUANGAN KONSOLIDASIAN                                                              STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                              AS OF DECEMBER 31, 2021 AND                                                  TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                              AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                                  FOR THE YEAR THEN ENDED                                                       YANG BERAKHIR PADA TANGGAL TERSEBUT                                                  FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                               (Expressed in Rupiah, unless otherwise stated)                                     (Disajikan dalam Rupiah, kecuali dinyatakan lain)                               (Expressed in Rupiah, unless otherwise stated)

31. INFORMASI SEGMEN                                                        31. SEGMENT INFORMATION                                                               31. INFORMASI SEGMEN (Lanjutan)                                              31. SEGMENT INFORMATION (Continued)

   Untuk tujuan pelaporan manajemen, Perusahaan dan                                For management reporting purposes, the Company                                    Bentuk informasi segmen usaha Perusahaan dan entitas                            Business segment information of the Company and its
                                                                                   and its subsidiaries are managed and classified into                              anaknya adalah sebagai berikut:                                                 subsidiaries are as follows:
   entitas anaknya dikelola dan dikelompokkan dalam
   divisi usaha perhotelan, gaya hidup, rekreasi, hiburan                          business divisions of hotels, lifestyle, recreation,
   dan real estat. Divisi ini digunakan sebagai dasar                              entertainment and real estate. This segmentation is                                                                             Pada Tanggal dan Tahun yang Berakhir 31 Desember 2020/
   pelaporan informasi segmen usaha.                                               used as a basis for providing business segment                                                                                          As of and Year Ended December 31, 2020
                                                                                                                                                                                                                     Gaya Hidup,
                                                                                   information.                                                                                                                     Rekreasi, dan
                                                                                                                                                                                                                       Hiburan/
   Aktivitas utama dari masing-masing divisi adalah                                The main activity of each division is as follows: Hotel                                                                            Lifestyle,
                                                                                                                                                                                              Hotel/                 Leisure and            Real Estat/            Eliminasi/          Konsolidasian/
   sebagai berikut: Perhotelan - jasa penginapan dan                               - hotel guest rooms and restaurant services; Real                                                          Hotel                 Entertainment           Real Estate           Elimination          Consolidated
   restoran; Real estat - menjual tanah dan/atau villa.                            estate - sale of land and/or villa.                                                Pendapatan                67.905.888.011                      -                      -                     -       67.905.888.011                 Revenue
                                                                                                                                                                      Laba bruto                31.686.034.986                      -                      -                     -       31.686.034.986              Gross profit
                                                                                                                                                                                                                                                                                                                       Loss from
                                                                                                                                                                      Rugi usaha          (   1.560.350.481.978)                   - (      387.063.437.662)       879.913.259.284 (   1.067.500.660.356 )          operations
                                                  Pada Tanggal dan Tahun yang Berakhir 31 Desember 2021/                                                              Pendapatan
                                                          As of and Year Ended December 31, 2021                                                                         keuangan -                                                                                                                              Finance income -
                                                    Gaya Hidup,                                                                                                          final                       3.985.389                     -          1.488.328.261                      -        1.492.313.650                      final
                                                   Rekreasi, dan                                                                                                      Beban keuangan      (     89.249.011.127)                    - (       23.963.114.927)                     - (    113.212.126.054 )            Finance cost
                                                      Hiburan/
                                                                                                                                                                      Laba (rugi)                                                                                                                            Income (loss) before
                                                     Lifestyle,
                                                                                                                                                                         sebelum                                                                                                                                             final
                              Hotel/                Leisure and        Real Estat/        Eliminasi/           Konsolidasian/
                                                                                                                                                                         pajak final                                                                                                                                    tax and
                              Hotel                Entertainment       Real Estate       Elimination           Consolidated
                                                                                                                                                                         dan beban                                                                                                                                  income tax
                                                                                                                                                                         pajak
   Pendapatan                   61.422.461.126                  -                   -                   -              61.422.461.126                Revenue             penghasilan      (   1.649.595.507.716)                   - (      409.538.224.328)       879.913.259.284 (   1.179.220.472.760 )             expense
   Laba bruto                   33.961.927.122                  -                   -                   -              33.961.927.122             Gross profit
                                                                                                                                                                      Pajak final         (            797.078)                    - (          297.665.652)                     - (         298.462.730 )             Final tax
   Rugi usaha             (    280.264.501.253)                 -(     7.038.917.864 )     98.431.342.708(            188.872.076.409) Loss from operations
                                                                                                                                                                      Manfaat (beban)                                                                                                                         Income tax benefit
   Pendapatan keuangan                                                                                                                     Finance income –
                                                                                                                                                                          pajak
      – final                          503.548                  -             32.467                    -                     536.015                   final
                                                                                                                                                                          penghasilan     (     10.079.476.851)                    -                      -                      - (      10.079.476.851 )           (expense)
   Beban keuangan         (    114.638.102.403)                 -(    57.885.578.461 )                  -(            172.523.680.864)          Finance cost
                                                                                                                                           Loss before final
                                                                                                                                                                      Laba (rugi) tahun                                                                                                                            Segment Loss
                                                                                                                                                   tax and
                                                                                                                                                                         berjalan                                                                                                                                    income for
   Rugi sebelum pajak                                                                                                                          income tax
                                                                                                                                                                         segmen         (     1.659.675.781.645)                   -(       409.835.889.980)       879.913.259.284 (   1.189.598.412.341 )           the year
      final dan beban
                                                                                                                                                                      Penghasilan                                                                                                                                         Other
      pajak penghasilan   (    394.902.100.108)                 -(    64.924.463.858 )     98.431.342.708(            361.395.221.258)              expense
                                                                                                                                                                         komprehensif                                                                                                                             comprehensive
                                                                                                                                                                         lain           (      230.928.060.557)                    -                      -                      - (    230.928.060.557 )             income
   Pajak final            (            100.710)                 -(             6.493 )                  -(                      107.203)             Final tax
                                                                                                                                            Income tax benefit
                                                                                                                                                                      Total kerugian
   Manfaat (beban) pajak
                                                                                                                                                                         komprehensif
      penghasilan                  383.637.965                  -                   -                   -                 383.637.965          (expense)
                                                                                                                                                                         tahun                                                                                                                               Total comprehensive
   Rugi tahun berjalan                                                                                                                     Segment loss for
                                                                                                                                                                         berjalan     (       1.890.603.842.202)                   - (      409.835.889.980)       879.913.259.284 (   1.420.526.472.898 )     loss for the year
      segmen             (     394.518.562.853)                 -(    64.924.470.351 )     98.431.342.708 (           361.011.690.496)          the year
   Penghasilan                                                                                                                         Other comprehensive            Penyusutan dan                                                                                                                             Depreciation and
      komprehensif lain          2.869.270.431                  -                   -                   -               2.869.270.431            income                  amortisasi             45.693.704.441                     -             28.472.508                      -        45.722.176.949           amortization


   Total kerugian                                                                                                                                                     Aset segmen             1.166.683.893.871                    -        604.403.835.807        506.132.466.219     2.277.220.195.897          Segment assets
      komprehensif                                                                                                                     Total comprehensive
      tahun berjalan      (    391.649.292.422)                 -(    64.924.470.351 )     98.431.342.708 (           358.142.420.065)   loss for the year            Liabilitas segmen       1.365.285.726.501                    -        472.051.803.900 (       21.804.687.202)    1.815.532.843.199      Segment liabilities
   Penyusutan dan                                                                                                                          Depreciation and
      amortisasi                44.946.342.326                  -         37.490.933                    -              44.986.833.259        amortization             Pengurangan aset                                                                                                                           Disposal of fixed
                                                                                                                                                                         tetap                    7.215.234.039      362.361.968.501                      -                      -      369.577.202.540                     assets
   Aset segmen                 920.708.256.598                  -    238.798.714.222      703.352.427.309           1.862.859.398.129          Segment assets
                                                                                                                                                                      Penambahan aset                                                                                                                           Addition to fixed
   Liabilitas segmen          1.510.525.625.625                 -    339.707.337.643 ( 23.764.776.066)              1.826.468.187.202       Segment liabilities          tetap                  20.207.777.636                     -                      -                      -        20.207.777.636                   assets


   Pengurangan aset                                                                                                                           Disposal of fixed
      tetap                      1.209.589.150                  -                   -                   -               1.209.589.150                    assets

   Penambahan aset                                                                                                                           Addition to fixed
      tetap                      4.647.404.526                  -                   -                   -               4.647.404.526                   assets
Page 146
                                                                                                  These consolidated financial statements are originally                                                                                                 These consolidated financial statements are originally
                                                                                                            issued in Indonesian language                                                                                                                          issued in Indonesian language

                                                            Ekshibit E/125                                                                                Exhibit E/125                                                         Ekshibit E/126                                                       Exhibit E/126

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                                               PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                                               PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                     PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                                                             NOTES TO THE CONSOLIDATED FINANCIAL                                                                CATATAN ATAS LAPORAN                                   NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                                                         STATEMENTS                                                                           KEUANGAN KONSOLIDASIAN                                               STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                                         AS OF DECEMBER 31, 2021 AND                                                        TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                               AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                                                             FOR THE YEAR THEN ENDED                                                             YANG BERAKHIR PADA TANGGAL TERSEBUT                                   FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)                                          (Expressed in Rupiah, unless otherwise stated)                                           (Disajikan dalam Rupiah, kecuali dinyatakan lain)                (Expressed in Rupiah, unless otherwise stated)

31. INFORMASI SEGMEN (Lanjutan)                                                         31. SEGMENT INFORMATION (Continued)                                                         32. PERJANJIAN (Lanjutan)                                       32. AGREEMENTS (Continued)
    Berikut merupakan analisis pendapatan, aset dan liabilitas                                The revenues, assets and liabilities                              based       on
    berdasarkan wilayah domisili/geografis:                                                   geographical/location are as follows:                                                     c. Management Agreement sehubungan dengan Hotel Alila          c. Management Agreement in connection with Alila Ubud
                                                                                                                                                                                           Ubud                                                           Hotel
                                                                   Tahun yang Berakhir Pada tanggal 31 Desember/
                                                                         Year Ended December 2021
                                                                                                                         Eliminasi/       Konsolidasian/                                    Perjanjian dengan Alila Hotels and Resorts Ltd. (AHR)         The agreements with Alila Hotels and Resorts Ltd.
                             Bali            Manado             Bintan            Jakarta            Magelang           Elimination       Consolidated
    Pendapatan usaha      40.478.787.949                -                 -      20.943.673.177                    -                  -     61.422.461.126              Revenue
                                                                                                                                                                                            mengemukakan bahwa AHR akan memberikan jasa                   (AHR) states that AHR will provide services in
                                                                                                                                                                                            sehubungan dengan operasional hotel Perusahaan.               connection with hotel’s operational activities. As
    Aset segmen          544.082.489.654    9.590.082.929   238.787.645.722     367.046.752.515                    -   703.352.427.309    1.862.859.398.129      Segment assets
                                                                                                                                                                                            Sebagai kompensasi, Perusahaan akan membayar biaya            compensation, the Company will pay a monthly
    Liabilitas segmen    931.736.235.109    1.278.669.929   339.707.337.643     577.510.720.587                    - ( 23.764.776.066)    1.826.468.187.202   Segment liabilities
                                                                                                                                                                                            manajemen bulanan yang terdiri dari biaya manajemen           management fee consisting of basic management fee
                                                                   Tahun yang Berakhir Pada tanggal 31 Desember/                                                                            dasar sebesar 3% dari pendapatan kotor, dan biaya             amounting to 3% of gross revenue, and incentive
                                                                         Year Ended December 2020
                                                                                                                         Eliminasi/       Konsolidasian/
                                                                                                                                                                                            insentif manajemen sebesar 5% dari laba kotor                 management fee amounting to 5% of adjusted gross
                             Bali            Manado             Bintan            Jakarta            Magelang           Elimination       Consolidated                                      operasional hotel yang telah disesuaikan, sebagaimana         operating profit, as described in the agreement.
    Pendapatan usaha      55.739.999.658                -                 -      12.165.888.353                    -                        67.905.888.011              Revenue             dijelaskan dalam perjanjian tersebut.
    Aset segmen         1.169.786.593.308   9.590.093.933   240.645.880.694     351.065.161.743                    -   506.132.466.219    2.277.220.195.897      Segment assets
                                                                                                                                                                                            Perjanjian ini berlaku selama 20 tahun sejak tanggal          This agreement is valid for 20 years from the date of
    Liabilitas segmen   1.042.336.208.785   1.276.769.929   276.850.209.248     516.874.342.439                    - ( 21.804.687.202)    1.815.532.843.199   Segment liabilities           efektifnya perjanjian yaitu 1 April 2009 kecuali              agreement, April 1, 2009, unless there is an early
                                                                                                                                                                                            terdapat penyelesaian lebih dini sesuai dengan                settlement in accordance with the provision of the
32. PERJANJIAN                                                                         32. AGREEMENTS                                                                                       ketentuan dalam perjanjian tersebut.Perjanjian ini            agreement. This agreement can be renewed during the
                                                                                                                                                                                            dapat diperpanjang selama 3 periode 10 tahun                  3 periods of 10 successive years with the approval of
    a. Perjanjian dengan kontraktor                                                          a. Agreement with the contractor
                                                                                                                                                                                            berturut-turut atas persetujuan kedua belah pihak.            both parties.
         Pada tahun 2012, sehubungan dengan properti yang                                          In 2012, in connection with the property under
         sedang dibangun (Alila Villas Bintan dan Alila Suites                                     development     (Alila   Villas     Bintan   and   Alila                                 Biaya manajemen yang dibebankan pada operasional               Management fee charged to the hotel operations
         SCBD Jakarta), Perusahaan mengadakan perjanjian                                           Suites   SCBD     Jakarta),     the    Company    enter                                  hotel masing-masing sebesar sebesar Rp172.201.610              amounting to Rp172,201,610 and Rp398,460,527 for
         dengan beberapa kontraktor, antara lain dengan                                            into   agreements      with    the     contractor  such                                  dan Rp398.460.527 untuk tahun yang berakhir pada               the years ended December 31, 2020 and 2019,
         PT Hutama Karya dengan jenis pekerjaan jasa                                               as PT Hutama Karya for project services and                                              tanggal 31 Desember 2021 dan 2020, dicatat sebagai             respectively, were recorded as part of “Management
         pembangunan dan konstruksi dengan total kontrak                                           constructions amounting to Rp315,056,249,818.                                            bagian dari akun “Beban Manajemen dan Lisensi” pada            and Licenses Fees” in the consolidated profit or loss
         senilai Rp315.056.249.818.                                                                                                                                                         laba rugi konsolidasian dan laporan penghasilan                and other statement of comprehensive income
                                                                                                   The expenditures related to the above agreements                                         komprehensif lain (Catatan 33).                                (Note 33).
         Pengeluaran sehubungan dengan perjanjian diatas
                                                                                                   were recorded in the “Property Under Development”
         dicatat dalam akun “Aset Dalam Pembangunan” pada                                                                                                                                   Efektif tanggal 1 Januari 2015, AHR mengalihkan               Effective on January 1, 2015, AHR assigned the
                                                                                                   account in the consolidated statement of financial
         laporan posisi keuangan konsolidasian.                                                                                                                                             Management Agreement ini kepada Alila Hotels and              Management Agreement to Alila Hotels and Resorts
                                                                                                   position.
                                                                                                                                                                                            Resorts Pte. Ltd.                                             Pte. Ltd.
   b.    Management Agreement sehubungan dengan Alila Villas                                 b. Management Agreement in connection with Alila Villas
         Uluwatu                                                                                Uluwatu
                                                                                                                                                                                       d.   Management Agreement sehubungan dengan Mandra               d. Management Agreement in connection with Mandra
         Perjanjian dengan Alila Hotels and Resorts Ltd. (AHR)                                     The agreement with Alila Hotels and Resorts Ltd.                                         Alila                                                          Alila
         menyatakan bahwa AHR akan memberikan jasa                                                 (AHR) states that AHR will provide services in
         sehubungan dengan operasional hotel Perusahaan.                                           connection with hotel’s operational activities.                                          Perjanjian dengan Alila Hotels dan Resorts Ltd. (AHR)         The agreement with Alila Hotels and Resorts Ltd.
         Sebagai kompensasi, Perusahaan akan membayar biaya                                        As compensation, the Company will pay a monthly                                          menyatakan bahwa AHR akan memberikan jasa                     (AHR) states that AHR will provide services in
         manajemen bulanan yang terdiri dari biaya manajemen                                       management fee consisting of basic management fee                                        sehubungan dengan pengoperasian hotel Perusahaan.             connection with hotel’s operational activities. As
         dasar sebesar 3% dari pendapatan kotor, dan biaya                                         amounting to 3% of gross revenue, and the incentive                                      Sebagai kompensasi, Perusahaan akan membayar biaya            compensation, the Company will pay a monthly
                                                                                                                                                                                            manajemen bulanan yang terdiri dari biaya manajemen           management fee consisting of basic management fee
         insentif manajemen sebesar 5% dari laba kotor                                             management fee amounting to 5% of adjusted
         operasional hotel yang telah disesuaikan, sebagaimana                                     operational gross operating profit, as described in the                                  dasar sebesar 3% dari pendapatan kotor, dan biaya             amounting to 3% of gross revenue, and the incentive
                                                                                                                                                                                            insentif manajemen sebesar 5% dari laba kotor                 management fee amounting to 5% of adjusted
         dijelaskan dalam perjanjian tersebut.                                                     agreement.
                                                                                                                                                                                            operasional hotel yang telah disesuaikan, sebagaimana         operational gross operating profit, as described in the
         Perjanjian ini berlaku selama 20 tahun sejak tanggal                                      This agreement is valid for 20 years from the date of                                    dijelaskan dalam perjanjian tersebut.                         agreement.
         efektifnya perjanjian yaitu 1 April 2009 kecuali                                          the agreement, April 1, 2009, unless there is an early
         terdapat penyelesaian lebih dini sesuai dengan                                            settlement in accordance with the provision of the                                       Perjanjian ini berlaku selama 20 tahun sejak tanggal          The agreement is valid for 20 years the agreement
         ketentuan dalam perjanjian tersebut. Perjanjian ini                                       agreement. This agreement can be renewed during 3                                        efektifnya perjanjian yaitu 1 Januari 2003 kecuali            date on January 2, 2003 unless earlier terminated
         dapat diperpanjang selama 3 periode 10 tahun                                              periods of 10 successive years with the approval of                                      terdapat penyelesaian lebih dini sesuai dengan                pursuant to the reasons provided in the agreement.
         berturut-turut atas persetujuan kedua belah pihak.                                        both parties.                                                                            ketentuan dalam perjanjian tersebut. Perjanjian ini           This agreement can be renewed during 3 periods of 10
         Biaya manajemen yang dibebankan pada operasional                                          Management fee charged to the hotel operations                                           dapat diperpanjang selama 3 periode 10 tahun                  successive years with the approval of both parties.
         hotel masing-masing sebesar Rp 942.068.527 dan                                            amounted to Rp 942,058,527 and Rp 1,072,579,239 for                                      berturut-turut atas persetujuan kedua belah pihak.
         Rp 1.072.579.239 untuk tahun yang berakhir pada                                           the years ended December 31, 2021 and 2020,
         tanggal 31 Desember 2021 dan 2020, dicatat sebagai                                        respectively, were recorded as part of “Management                                       Biaya manajemen yang dibebankan pada operasional               Management      fee   charged    to    the    hotel
         bagian dari akun “Beban Manajemen dan Lisensi” pada                                       and Licences Fees” in the consolidated statement of                                      hotel masing-masing sebesar Rp100.093.501 dan                  operations   amounting    to   Rp100,093,501    and
         laporan laba rugi dan penghasilan komprehensif lain                                       profit or loss and other comprehensive income                                            Rp218.170.700 untuk tahun yang berakhir pada tanggal           Rp218,170,700 for the year ended December 31, 2021
         konsolidasian (Catatan 33).                                                               (Note 33).                                                                               31 Desember 2021 dan 2020, dicatat sebagai bagian              and 2020, respectively, was recorded as part of
                                                                                                                                                                                            dari akun “Beban Manajemen dan Lisensi” pada laporan           “Management and Licenses Fees” in the profit or loss
         Efektif tanggal 1 Januari 2015, AHR mengalihkan                                           Effective January 1, 2015, AHR assigned the
                                                                                                                                                                                            laba rugi dan penghasilan komprehensif lain                    and other consolidated statement of comprehensive
         Management Agreement ini kepada Alila Hotels and                                          Management Agreement to Alila Hotels and Resorts
                                                                                                                                                                                            konsolidasian (Catatan 33).                                    income (Note 33).
         Resorts Pte. Ltd.                                                                         Pte. Ltd.
Page 147
                                                                              These consolidated financial statements are originally                                                                                 These consolidated financial statements are originally
                                                                                        issued in Indonesian language                                                                                                          issued in Indonesian language

                                              Ekshibit E/127                                                              Exhibit E/127                                                 Ekshibit E/128                                                           Exhibit E/128

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                          PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                          PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                       PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED FINANCIAL                                           CATATAN ATAS LAPORAN                                     NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                                    STATEMENTS                                                      KEUANGAN KONSOLIDASIAN                                                 STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                    AS OF DECEMBER 31, 2021 AND                                   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                 AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                                        FOR THE YEAR THEN ENDED                                        YANG BERAKHIR PADA TANGGAL TERSEBUT                                     FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)                     (Expressed in Rupiah, unless otherwise stated)                      (Disajikan dalam Rupiah, kecuali dinyatakan lain)                  (Expressed in Rupiah, unless otherwise stated)

32. PERJANJIAN (Lanjutan)                                         32.        AGREEMENTS (Continued)                                       32. PERJANJIAN (Lanjutan)                                         32. AGREEMENTS (Continued)

    e. Management Agreement sehubungan dengan Mandra                     e. Management Agreement in connection with Mandra                                                                                     h.     License Agreement in connection with Alila Ubud
                                                                                                                                             h.    License Agreement sehubungan dengan Hotel Alila Ubud
       Alila (Lanjutan)                                                     Alila (Continued)                                                                                                                         Hotels

         Efektif tanggal 1 Januari 2015, AHR mengalihkan                       Effective on January 1, 2015, AHR assigned the                      Perjanjian   dengan    Alila   International   Service             The Agreement with Alila International Service
         Management Agreement ini kepada Alila Hotels and                      Management Agreement to Alila Hotels and Resorts                    Corporation (AISC) memberikan Perusahaan izin untuk                Corporation (AISC) permits the Company to use “Alila”
         Resorts Pte. Ltd.                                                     Pte. Ltd.                                                           menggunakan nama “Alila” termasuk logo, design,                    brand including logos, design, trademarks, service
                                                                                                                                                   trademarks, service marks dan registrasi sehubungan                marks and hotel registration related with the Hotel. As
    f.    Management Agreement sehubungan dengan Hotel                   f.     Management Agreement in connection with Alila SCBD                 dengan Hotel. Sebagai kompensasi, Perusahaan akan                  compensation, the company will pay annual license
          Alila SCBD                                                            Hotel                                                              membayar AISC biaya lisensi tahunan sebesar US$1.000.              expenses to AISC amounting to US$1,000.

         Pada tanggal 14 Juli 2016, Perusahaan mengadakan                      On 14 July 2016, the Company entered into an                        Perjanjian ini berlaku sepanjang Management                        This agreement applies as long as the Management
         perjanjian dengan Alila Hotels & Resorts Ltd. dimana                  agreement with Alila Hotels & Resorts Ltd. where Alila              Agreement dengan AHR masih berlaku, kecuali terdapat               Agreement with AHR still valid, unless there is an
         Alila Hotels & Resorts Ltd. memberikan jasa                           Hotels & Resorts Ltd. Provides services in connection               penyelesaian lebih dini sesuai dengan ketentuan yang               early settlement in accordance with the applicable
         sehubungan dengan operasi Hotel untuk periode 20                      with the operations of the Hotel for a period of 20                 berlaku dalam perjanjian tersebut.                                 provision in the agreements.
         tahun dari tanggal perjanjian yang dapat diperpanjang                 years from the date of the agreement subject to
         selama 3 periode 5 tahun berturut-turut atas                          renewal for 3 successive periods of 5 years with the                Biaya lisensi yang dibebankan pada operasional hotel               License fee charged to the hotel operations amounting
         persetujuan kedua belah pihak.                                        approval of both parties.                                           masing-masing      sebesar     Rp14.023.000     dan                to Rp14,023,000 and Rp14,000,000 for the years ended
                                                                                                                                                   Rp14.000.000 untuk tahun yang berakhir pada tanggal                December 31, 2021 and 2020, respectively, were
                                                                               As compensation, the Company will pay monthly                       31 Desember 2021 dan 2020. dicatat sebagai bagian                  recorded as part of “Management and License Fees” in
         Sebagai kompensasi, Perusahaan akan membayar biaya
                                                                               management fee consisting of basic management fee                   dari akun “Manajemen dan Lisensi” pada laporan laba                the consolidated statement of profit or loss and other
         manajemen dasar sebesar 3% dari pendapatan kotor,
                                                                               computed at 3% of gross revenue, and incentive                      rugi dan penghasilan komprehensif lain konsolidasian               comprehensive income (Note 33).
         dan biaya insentif manajemen sebesar 5% dari laba
                                                                               management fee computed at 5% of adjusted                           (Catatan 33).
         operasional hotel yang telah disesuaikan, sebagaimana
                                                                               operational gross operating profit, as described in the
         dijelaskan dalam perjanjian tersebut.
                                                                               agreement.                                                                                                                       i.     License Agreement in connection with Alila SCBD
                                                                                                                                             i.    License Agreement sehubungan dengan Hotel Alila SCBD
                                                                                                                                                                                                                       Hotel
         Biaya manajemen yang dibebankan pada operasional                      Management fee charged to the hotel operations
         hotel masing-masing sebesar Rp845.860.267 dan                         amounted to Rp845,860,267 and Rp490,324,597 for the                 Perjanjian   dengan    Alila   International   Service             The Agreement with Alila International Service
         Rp490.324.597 untuk periode yang berakhir pada                        period ended December 31, 2021 and 2020,                            Corporation (AISC) memberikan Perusahaan izin untuk                Corporation (AISC) permits the Company to use “Alila”
         tanggal 31 Desember 2021 dan 2020, dicatat sebagai                    respectively, were recorded as part of “Management                  menggunakan nama “Alila” termasuk logo, design,                    brand including logos, design, trademarks, service
         bagian dari akun “Beban Manajemen dan Insentif” pada                  and Incentive Fees” in the statement of profit or loss              trademarks, service marks dan registrasi sehubungan                marks and hotel registration related with the Hotel. As
         laporan laba rugi dan penghasilan komprehensif lain.                  and other comprehensive income.                                     dengan Hotel. Sebagai kompensasi, Perusahaan akan                  compensation, the company will pay annual license
                                                                                                                                                   membayar AISC biaya lisensi tahunan sebesar US$1.000.              expenses to AISC amounting to US$1,000.
   g.    License Agreement sehubungan dengan Alila Villas               g.     License Agreement in connection with Alila Villas
         Uluwatu                                                               Uluwatu                                                             Perjanjian ini berlaku sepanjang Management                        This agreement applies as long as the Management
                                                                                                                                                   Agreement dengan AHR masih berlaku, kecuali terdapat               Agreement with AHR still valid, unless there is an early
         Perjanjian   dengan    Alila   International   Service                Agreement with Alila International Service Corporation              penyelesaian lebih dini sesuai dengan ketentuan yang               settlement in accordance with the applicable provision
         Corporation (AISC) memberikan Perusahaan ijin untuk                   (AISC) permits the Company to use “Alila” brand                     berlaku dalam perjanjian tersebut.                                 in the agreements.
         menggunakan nama “Alila” termasuk logo, design,                       including logos, design, trademarks, service marks and
         trademarks, service marks dan registrasi sehubungan                   hotel registration related with the Hotel. As                       Biaya lisensi yang dibebankan pada operasional hotel               License fee charged to the hotel operations amounting
         dengan Hotel. Sebagai kompensasi, Perusahaan akan                     compensation, Company will pay annual license                       masing-masing sebesar Rp14.023.000 dan Rp14.500.000                to Rp14,023,000 and Rp14,500,000 for the period
         membayar AISC biaya lisensi tahunan sebesar US$1.000.                 expenses to AISC amounting to US$1,000.                             untuk periode yang berakhir pada tanggal 31 Desember               ended December 31, 2021 and 2020, respectively, were
                                                                                                                                                   2021 dan 2020, dicatat sebagai bagian dari akun                    recorded as part of “Management and Incentive Fees”
         Perjanjian ini berlaku sepanjang Management                           This agreement is valid as long as the Management                   “Manajemen dan Insentif” pada laporan laba rugi dan                in the statement of profit or loss and other
         Agreement dengan AHR masih berlaku, kecuali terdapat                  Agreement with AHR is still valid, unless there is an               penghasilan komprehensif lain.                                     comprehensive income.
         penyelesaian lebih dini sesuai dengan ketentuan yang                  earlier settlement in accordance with the provisions in
         berlaku dalam perjanjian tersebut.                                    force in the agreement.                                        j.   Group Services Agreement antara Perusahaan dengan            j. Group Services Agreement between the Company and
                                                                                                                                                   Alila Hotels and Resorts Pte. Ltd. tanggal 1 Januari            Alila   Hotels    and     Resorts    Pte.    Ltd.    on
         Biaya lisensi yang dibebankan kepada operasional hotel                The license fee that is charged to hotel operations                 2011 untuk Alila Villas Uluwatu dan Hotel Alila Ubud            January 1, 2011 for Alila Villas Uluwatu and Alila Ubud
         adalah sebesar Rp14.023.000 dan Rp14.000.000 untuk                    amounting to Rp 14,023,000 and Rp14,000,000 for the                                                                                 Hotel
         tahun yang berakhir pada tanggal 31 Desember 2021                     years ended December 31, 2021 and 2020, respectively,
         dan 2020, dicatat sebagai bagian dari akun “Beban                     were recorded as part of “Management and Licenses                   Perusahaan setuju untuk menunjuk Alila Hotels and                  The Company agreed to appoint Alila Hotels and
         Manajemen dan Lisensi” pada laporan laba rugi dan                     Fees” in the profit or loss and other consolidated                  Resorts Pte. Ltd., sehubungan dengan pengelolaan                   Resorts Pte. Ltd., to provide services in respect to the
         penghasilan      komprehensif    lain    konsolidasian                statement of comprehensive income (Note 33).                        hotel milik Perusahaan untuk membantu jasa-jasa                    operation of Hotel owned by the Company and its
         (Catatan 33).                                                                                                                             Perusahaan dan entitas anaknya antaralain berupa                   subsidiaries services including global sales and
                                                                                                                                                   pemasaran global, jaringan perwakilan, E-Marketing,                marketing, representation network, E-Marketing,
                                                                                                                                                   materi promosi, hotel website dan jasa pilihan. Untuk              promotional materials, hotel website and optional
                                                                                                                                                   jasa tersebut, Perusahaan harus membayar biaya                     services. For such services, the Company shall pay
                                                                                                                                                   sebesar US$6.000 per bulan untuk Alila Villas Uluwatu              Services Fee of US$6,000 per month for Alila Villas
                                                                                                                                                   dan US$4.500 per bulan untuk Alila Ubud Hotel                      Uluwatu and US$4,500 per month for Alila Ubud Hotel
Page 148
                                                                         These consolidated financial statements are originally                                                                             These consolidated financial statements are originally
                                                                                   issued in Indonesian language                                                                                                      issued in Indonesian language

                                             Ekshibit E/129                                                          Exhibit E/129                                                 Ekshibit E/130                                                       Exhibit E/130

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                         PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                      PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                      PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED FINANCIAL                                       CATATAN ATAS LAPORAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                                   STATEMENTS                                                  KEUANGAN KONSOLIDASIAN                                                STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                   AS OF DECEMBER 31, 2021 AND                               TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                                       FOR THE YEAR THEN ENDED                                    YANG BERAKHIR PADA TANGGAL TERSEBUT                                    FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)                    (Expressed in Rupiah, unless otherwise stated)                  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                 (Expressed in Rupiah, unless otherwise stated)

32. PERJANJIAN (Lanjutan)                                        32.    AGREEMENTS (Continued)                                       32. PERJANJIAN (Lanjutan)                                        32. AGREEMENTS (Continued)

   i.   Group Services Agreement antara Perusahaan dengan               i. Group Services Agreement between the Company and             k.   5 Joint Operation Agreement Three Bedroom Villa              k. 5 Joint Operation Agreement Three Bedroom Villa
        Alila Hotels and Resorts Pte. Ltd. tanggal 1 Januari               Alila   Hotels    and     Resorts    Pte.   Ltd.    on            Nomor    C1,   C2,    C3,   C5 dan      C6 antara               Number C1, C2, C3, C5 and C6 between
        2011 untuk Alila Villas Uluwatu dan Hotel Alila Ubud               1 January 2011 for Alila Villas Uluwatu and Alila Ubud            PT Anugerah Luhur Sejati dan Perusahaan                         PT Anugerah Luhur Sejati and the Company
        (Lanjutan)                                                         Hotel (Continued)
                                                                                                                                             Dengan telah dialihkannya kepemilikan atas unit villa           By the transfer of the ownership of villa unit number
                                                                                                                                             nomor C1, C2, C3, C5, C6 kepada investor                        C1, C2, C3, C5, C6 to PT Anugerah Luhur Sejati (ALS),
        Perjanjian ini berlaku sejak tanggal penandatanganan              This agreement is valid from the date of signing this
                                                                                                                                             PT Nusapacific Island Investment (NII) yaitu                    investor of PT Nusapacific Island Investment (NII), on
        Perjanjian ini dan akan berakhir dengan berakhirnya               Agreement and shall expire with the termination of
                                                                                                                                             PT Anugerah Luhur Sejati (ALS), maka pada tanggal 15            November 15, 2010 the Company has entered into the
        Perjanjian Manajemen dengan AHR (Catatan 33b dan                  the Management Agreement with AHR (Notes 33b and
                                                                                                                                             November 2010 Perusahaan telah mengadakan 5 Joint               new 5 Joint Operation Agreements with ALS for such
        33c), dapat diperpanjang sesuai dengan perpanjangan               33c), and may be extended pursuant to the extension
                                                                                                                                             Operation Agreement yang baru dengan ALS atas                   cliffside villas, whereby ALS has agreed to appoint
        Perjanjian Manajemen.                                             of the Management Agreement.
                                                                                                                                             seluruh cliffside villa tersebut, dimana ALS setuju             the Company to manage, supervise and control the
        Efektif sejak tanggal 1 Januari 2012, Perusahaan harus            Effective on January 1, 2012, the Company has to                   untuk menunjuk Perusahaan untuk melakukan                       5 units villa (No. C1, C2, C3, C5, C6), i.e. marketing,
        membayar biaya sebesar US$5.000 per bulan untuk                   disburse payment in the amount of US$5,000 per                     pengelolaan, pengawasan dan pengendalian atas                   maintenance       of    equipment     and     facilities,
        Hotel Alila Ubud dan US$7.000 per bulan untuk Alila               month for Alila Ubud Hotel and US$7,000 per month                  5 unit villa (No. C1, C2, C3, C5, C6), yaitu melakukan          administration and organized the employees.
        Villas Uluwatu.                                                   for Alila Villas Uluwatu.                                          pemasaran, pemeliharaan peralatan dan fasilitas,
                                                                                                                                             melakukan      administrasi    dan    pengorganisasian
        Sesuai dengan kesepakatan dengan AHR, efektif tanggal             Based on the agreement with AHR, effective on                      karyawan.
        1 Agustus 2013, biaya Group Service sudah tidak                   August 1, 2013, the Group Service fee have not been
        ditagihkan pada Hotel Alila Ubud dan Alila Villas                 charged to Hotel Alila Ubud and Alila Villas Uluwatu.              Untuk hal tersebut, keuntungan finansial dari setiap            For this matter, the financial benefits of each
        Uluwatu.                                                                                                                             5 unit villa tersebut akan dibagi dengan porsi masing-          5 units villa will be shared proportionally, for the
                                                                                                                                             masing,Perusahaan 33% dan ALS 67% dan pembayaran                Company 33% and ALS 67%, respectively, and payment
        Berdasarkan Perubahan Perjanjian untuk Biaya Jasa                  Pursuant to Addendum - Group Service Agreement                    dilakukan dengan mata uang Dolar AS.                            is done in the US Dollar currency.
        Group antara Hotel Alila Ubud dan Alila Villas Uluwatu             between Alila Ubud Hotel, Alila Villas Uluwatu and
        dengan Alila Hotels and Resorts Pte. Ltd, efektif                  Alila Hotels and Resorts Pte. Ltd., effective                     Perjanjian ini berlaku sejak tanggal 1 Januari 2011             This agreement is valid from January 1, 2011 and for
        1 Januari 2015, Perusahaan akan membayar Alila Hotels              January 1, 2015, the Company shall pay to Alila Hotels            dan berlaku untuk minimum selama satu tahun, dan                a minimum period of one year, and after a minimum
        and Resorts Pte. Ltd untuk biaya Global Sales and                  and Resorts Pte. Ltd. a Global Sales and Marketing                setelah minimum waktu satu tahun, ALS dapat                     period of one year, ALS may terminate this
        Marketing sejumlah masing-masing US$5.000 dan                      expenses of US$5,000 and US$7,000 per month,                      mengakhiri Perjanjian ini dengan pemberitahuan                  Agreement by written notice within 3 months before
        US$7.000 per bulan.                                                respectively.                                                     tertulis dalam jangka waktu 3 bulan sebelum                     termination to the Company.
                                                                                                                                             pengakhiran kepada Perusahaan.
   j.   Sales and marketing agreement sehubungan dengan                j. Sales and marketing agreement in connection with
        Alila Villas Uluwatu and Hotel Alila Ubud                         Alila Villas Uluwatu and Alila Ubud Hotel                          Pada tanggal 30 Maret 2012, ALS, Perusahaan dan NII             On March 30, 2012, ALS, the Company and NII signed 5
                                                                                                                                             menandatangani 5 Third Amendment to Joint                       Third Amendment to Joint Operation Agreement
        Perusahaan telah menunjuk PT Sukses Inti Sentosa                  The Company had appointed PT Sukses Inti Sentosa on                Operation    Agreement    Three    Bedroom    Villa             Three Bedroom Villa (No. C1, C2, C3, C5, C6) which
        masing-masing pada tanggal 1 September 2010 dan                   September 1, 2010 and January 1, 2011, respectively,               (No. C1, C2, C3, C5, C6) yang menyatakan bahwa                  stated that starting from April 1, 2012, the portion of
        1 Januari 2011 untuk menjadi perwakilan Perusahaan                to be the sales representative in marketing and                    mulai tanggal 1 April 2012, porsi Financial Reward              Financial Reward shall be divided into 67% for ALS
        dalam melakukan penjualan dan pemasaran serta                     promoting of Alila Villas Uluwatu and Alila Ubud Hotel             akan dibagi menjadi 67% untuk ALS dan 33% untuk                 and 33% for the Company.
        promosi Alila Villas Uluwatu dan Hotel Alila Ubud                 (Note 24a).                                                        Perusahaan.
        (Catatan 24a).
                                                                                                                                             Ada perubahan pembagian hasil terkait dengan                    There is a change in the profit sharing in connection
        Pada tanggal 1 Oktober 2019, Alila Villas Uluwatu                 On October 1, 2019, Alila Villas Uluwatu (on behalf of             penyelesaian pengembalian uang muka saham ALS                   with the refund of the advance for investment in
        (mewakili Perusahaan) dan PT Sukses Inti Sentosa (SIS)            the Company) and PT Sukses Inti Sentosa (SIS) signed               (Catatan 33s).                                                  shares in ALS (Note 33).
        menandatangani Pengakhiran Perjanjian Penjualan dan               the Termination of Sales and Marketing Agreement.
        Pemasaran.                                                                                                                      l.   Joint Operation Agreement Three Bedroom Villa                l. pJoint Operation Agreement Three Bedroom Villa No.
                                                                                                                                             Nomor H9 antara PT Nusapacific Island Investment                aH9 between PT Nusapacific Island Investment (NII)
        Berdasarkan sebuah ketentuan dalam perjanjian bahwa               Based on the terms of the agreement that either                    (NII) dan Perusahaan                                            s and the Company
        salah satu pihak dapat mengakhiri perjanjian ini                  party may terminate this agreement with 90 days
        dengan pemberitahuan tertulis 90 hari sebelum                     written notice prior to the expiry of this Agreement,              ada tanggal 3 Januari 2011, PT Nusapacific Island               On January 3, 2011, PT Nusapacific Island Investment
        berakhirnya Perjanjian, maka efektif 1 Januari 2020               effective Januari 1, 2020 the Company has terminated               Investment (NII) setuju untuk menunjuk Perusahaan               (NII) agreed to appoint the Company to manage,
        Perusahaan mengakhiri kerjasama dengan SIS.                       the agreement with SIS.                                            untuk melakukan pengelolaan, pengawasan dan                     supervise and control the villa unit No. H9, such as
                                                                                                                                             pengendalian atas unit villa No. H9, yaitu melakukan            marketing, maintenance of the equipment and
                                                                                                                                             pemasan, pemeliharaan peralatan dan fasilitas,                  facility, administration and organized the employees.
                                                                                                                                             melakukan    administrasi     dan    pengorganisasian
                                                                                                                                             karyawan.

                                                                                                                                             Untuk kesepakatan tersebut, keuntungan finansial                For this arragement, the financial benefits from villa
                                                                                                                                             dari unit villa No. H9 akan dibagi diantara Perusahaan          unit No. H9 will be shared between the Company and
                                                                                                                                             dan NII dengan porsi masing-masing 50% (lima puluh              NII with a portion of 50% (fifty percent), respectively,
                                                                                                                                             persen) dan pembayaran dilakukan dengan mata uang               and payments made in US Dollar currency.
                                                                                                                                             Dolar AS.
Page 149
                                                                    These consolidated financial statements are originally                                                                                These consolidated financial statements are originally
                                                                              issued in Indonesian language                                                                                                         issued in Indonesian language

                                           Ekshibit E/131                                                       Exhibit E/131                                                  Ekshibit E/132                                                         Exhibit E/132

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                  PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                        PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                        PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                                NOTES TO THE CONSOLIDATED FINANCIAL                                         CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                            STATEMENTS                                                    KEUANGAN KONSOLIDASIAN                                                  STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                            AS OF DECEMBER 31, 2021 AND                                 TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                  AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                                FOR THE YEAR THEN ENDED                                      YANG BERAKHIR PADA TANGGAL TERSEBUT                                      FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)             (Expressed in Rupiah, unless otherwise stated)                    (Disajikan dalam Rupiah, kecuali dinyatakan lain)                   (Expressed in Rupiah, unless otherwise stated)

32. PERJANJIAN (Lanjutan)                                    32. AGREEMENTS (Continued)                                         32. PERJANJIAN (Lanjutan)                                         32. AGREEMENTS (Continued)
   j. Joint Operation Agreement Three Bedroom Villa             j. pJoint Operation Agreement Three Bedroom Villa                   k.   Joint Operation Agreement Three Bedroom Villa               k.   Joint Operation Agreement Three Bedroom Villa
      Nomor H9 antara PT Nusapacific Island Investment             aNo. H9 between PT Nusapacific Island Investment                      Nomor H15 (Lanjutan)                                             Number H15 (Continued)
      (NII) dan Perusahaan (Lanjutan)                              s (NII) and the Company (Continued)
                                                                                                                                         Perjanjian ini berlaku sejak tanggal 1 Januari 2011              This agreement is valid from January 1, 2011 and for a
       Perjanjian ini berlaku sejak tanggal 1 Januari 2011           This agreement is valid from January 1, 2011 and                    dan berlaku untuk minimum selama satu tahun, dan                 minimum period of one year, and after a minimum
       dan berlaku untuk minimum selama satu tahun,                  for a minimum period of one year, and after a                       setelah minimum waktu satu tahun, GCP dapat                      period of one year, GCP may terminate this
                                                                                                                                         mengakhiri Perjanjian ini dengan pemberitahuan                   Agreement by written notice to the Company within 3
       dan setelah minimum waktu satu tahun, NII dapat               minimum period of one year, NII may terminate                       tertulis        dalam          jangka         waktu              months before the termination.
       mengakhiri Perjanjian ini dengan pemberitahuan                this Agreement by written notice to the Company                     3 bulan sebelum pengakhiran kepada Perusahaan.
       tertulis dalam jangka waktu 3 bulan sebelum                   within 3 months before termination.
                                                                                                                                         Dengan telah dialihkannya kepemilikan atas unit villa            By the transfer of the ownership of villa unit number
       pengakhiran kepada Perusahaan.                                                                                                    No. H15 kepada PT Sinar Bintang Sejahtera (SBS),                 H15 to PT Sinar Bintang Sejahtera (SBS), on October
                                                                                                                                         maka pada tanggal 28 Oktober 2017, SBS setuju                    28, 2017, SBS, agreed to appoint the Company to
       Berdasarkan perjanjian pada tanggal 11 November               Berdasarkan perjanjian pada tanggal 11 November                     untuk menunjuk Perusahaan untuk melakukan                        manage, supervise and control the villa unit No. H15,
       2020, telah terjadi pengalihan kepemilikan atas               2020, telah terjadi kepemilikan atas unit Villa No.                 pengelolaan, pengawasan dan pengendalian atas unit               such as marketing, maintenance of the equipment and
       unit Villa No. H9 dari PT Nusapacific Island                  H9 dari PT Nusapacific Island Investment kepada                     villa No. H15, yaitu melakukan pemasaran,                        facility, administration and organized the employees.
       Investment kepada Lis Junitati R P Mangkuningrat              Lis Junitati R P Mangkuningrat dan setuju untuk                     pemeliharaan peralatan dan fasilitas, melakukan
       dan setuju untuk menunjuk Perusahaan untuk                    menunjuk      Perusahaan      untuk     melakukan                   administrasi dan pengorganisasian karyawan.
       melakukan     pengelolaan,    pengawasan    dan               pengelolaan, pengawasan dan pengendalian atas                       SBS memiliki hak atas pendapatan tetap sebesar 50%               SBS has a right of fixed income by 50% (fifty percent)
       pengendalian atas unit villa No. H9, yaitu                    unit villa No. H9, yaitu melakukan pemasaran,                       (lima puluh persen) dari total pendapatan kotor atas             from total gross income of the villa unit.
       melakukan pemasaran, pemeliharaan peralatan                   pemeliharaan peralatan dan fasilitas, melakukan                     unit villa.
       dan fasilitas, melakukan administrasi dan                     administrasi dan pengorganisasian karyawan.
                                                                                                                                         Berdasarkan perjanjian pada tanggal 9 April 2021,                Based on the agreement on April 9, 2021, villa unit
       pengorganisasian karyawan.
                                                                                                                                         telah terjadi pengalihan kepemilikan atas unit villa             No. H15 has been transferred to Subagia Handaja and
                                                                                                                                         No. H15 kepada Subagia Handaja dan setuju untuk                  agreed to appoint the Company to manage, supervise,
       Berdasarkan perjanjian tersebut, Perusahaan akan              Based on the agreement, the Company will charge                     menunjuk Perusahaan untuk melakukan pengelolaan,                 and control villa unit No. H15 includes maintaining all
       mengenakan biaya dan akan memberikan financial                cost and provide financial rewards as follows:                      pengawasan dan pengendalian atas unit villa No. H15,             equipment and facilities, administration, and
       reward sebagai berikut:                                                                                                           yaitu melakukan pemeliharaan peralatan dan                       organizing employees.
                                                                                                                                         fasilitas,     melakukan      administrasi       dan
       1.   Biaya listrik dan air sebesar 50% dari total             1. The cost of electricity and water is 50% of the                  pengorganisasian karyawan.
            aktual                                                      actual total                                                     Berdasarkan perjanjian tersebut, Perusahaan akan                 Based on the agreement, the Company will charge a
       2.   Layanan tambahan yang diminta akan                       2. Additional services requested will be billed                     mengenakan biaya pemeliharaan villa sebesar USD                  villa maintenance fee of USD 2,000 per month.
            ditagihkan sesuai dengan kesepakatan                        according to the agreement                                       2.000 setiap bulannya.
       3.   Biaya asuransi per tahun,                                3. Insurance costs per year,
       4.   Dana cadangan sebesar 3% dari pendapatan                 4. A reserve fund of 3% of the gross income for               l.    Joint Operation Agreement Three Bedroom Villa               l. Joint Operation Agreement Three Bedroom Villa
            kotor atas villa setiap bulannya,                           the villa each month,                                            Nomor H8                                                       Number H8
       5.   Biaya kontribusi sebesar USD 2.000 setiap                5. Contribution fee of USD 2,000 per month
            bulannya                                                                                                                     Berdasarkan perjanjian kerjasama operasi Three                    Based on joint operation agreement Three Bedroom
       6.   Biaya pendatapan manajemen sebesar 3% per                6. Management revenue fee is 3% per year with a                     Bedroom Villa No. H8 pada tanggal 17 Maret 2021,                  Villa No. H8 on March 17, 2021, there has been a
                                                                                                                                         telah terjadi pengalihan kepemilikan atas unit villa              transfer of ownership of villa unit No. H8 from
            tahun dengan perhitungan pro-rata antara Lis                pro-rata calculation between Lis Junitati R P
                                                                                                                                         No. H8 dari PT Laksana Agung Semesta kepada                       PT Laksana Agung Semesta to Hapsoro and agreed to
            Junitati R P Mangkuningrat dan Perusahaan.                  Mangkuningrat and the Company.
                                                                                                                                         Hapsoro dan setuju untuk menunjuk Perusahaan                      appointed the Company to manage, supervise and
  k.   Joint Operation Agreement Three Bedroom Villa           k.    Joint Operation Agreement Three Bedroom Villa                       untuk melakukan pengelolaan, pengawasan dan                       control the villa unit No. H8, such as marketing,
       Nomor H15                                                     Number H15                                                          pengendalian atas unit villa No. H8, yaitu melakukan              maintenance of the equipment and facility,
                                                                                                                                         pemasaran, pemeliharaan peralatan dan fasilitas,                  administration and organized the employees.
       Pada tanggal 3 Januari 2011, PT Gilang Citra                  On January 3, 2011, PT Gilang Citra Perdana (GCP)                   melakukan     administrasi    dan    pengorganisasian
       Perdana (GCP) setuju untuk menunjuk Perusahaan                agreed to appoint the Company to manage,
                                                                                                                                         karyawan.
       untuk melakukan pengelolaan, pengawasan dan                   supervise, and control the unit villa No. H15, such
       pengendalian atas unit villa No. H15, yaitu                   as marketing, maintenance of the equipment and
       melakukan pemasaran, pemeliharaan peralatan                   facility, administration and organized the                          Untuk kesepakatan tersebut, keuntungan finansial                 For this arrangement, the financial benefits from
       dan fasilitas, melakukan administrasi dan                     employees.                                                          dari unit villa No. H8 akan dibagi diantara Perusahaan           villas unit No. H8 will be shared between the Company
       pengorganisasian karyawan.                                                                                                        dan ASL dengan porsi masing-masing 50% (lima puluh               and ASL with a portion of 50% (fifty percent) and
                                                                                                                                         persen) dan pembayaran dilakukan dengan mata uang                payments made in US Dollar currency.
       Untuk kesepakatan tersebut, keuntungan finansial              For this arrangement, the financial benefits from                   Dolar AS.
       dari unit villa No. H15 akan dibagi diantara                  villa unit No. H15 will be shared between the
       Perusahaan dan GCP dengan porsi masing-masing                 Company and GCP with a portion of
                                                                                                                                         Perjanjian ini berlaku sejak tanggal 1 Oktober 2011              This agreement is valid from October 1, 2011 and for
       50% (lima puluh persen) dan pembayaran dilakukan              50% (fifty percent), respectively, and the
       dengan mata uang Dolar AS.                                    payments made in US Dollar currency.                                dan berlaku untuk minimum selama satu tahun, dan                 a minimum period of one year, and after a minimum
                                                                                                                                         setelah minimum waktu satu tahun, ASL dapat                      of one year, ASL may terminate this Agreement by
                                                                                                                                         mengakhiri Perjanjian ini dengan pemberitahuan                   written notice to the Company within 3 months before
                                                                                                                                         tertulis dalam jangka waktu 3 bulan sebelum                      termination.
                                                                                                                                         pengakhiran kepada Perusahaan.
Page 150
                                                                            These consolidated financial statements are originally                                                                               These consolidated financial statements are originally
                                                                                      issued in Indonesian language                                                                                                        issued in Indonesian language

                                                  Ekshibit E/133                                                        Exhibit E/133                                                Ekshibit E/134                                                          Exhibit E/134

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                         PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                         PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                      PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED FINANCIAL                                          CATATAN ATAS LAPORAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                                   STATEMENTS                                                     KEUANGAN KONSOLIDASIAN                                                STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                   AS OF DECEMBER 31, 2021 AND                                  TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                                       FOR THE YEAR THEN ENDED                                       YANG BERAKHIR PADA TANGGAL TERSEBUT                                    FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)                    (Expressed in Rupiah, unless otherwise stated)                     (Disajikan dalam Rupiah, kecuali dinyatakan lain)                 (Expressed in Rupiah, unless otherwise stated)

32. PERJANJIAN (Lanjutan)                                           32. AGREEMENTS (Continued)                                          32. PERJANJIAN (Lanjutan)                                        32. AGREEMENTS (Continued)

    l.   Joint Operation Agreement Three Bedroom Villa                 l.     Joint Operation Agreement Three Bedroom Villa                m. Joint Operation Agreement Three Bedroom Villa Nomor            m. Joint Operation Agreement Three Bedroom Villa
         Nomor H8 (Lanjutan)                                                  Number H8 (Continued)                                           H24                                                               Number H24
         Pada tanggal 5 Agustus 2013, Perusahaan dan ASL telah               On August 5, 2013, the Company and ASL agreed to                   Pada tanggal 28 November 2012, Ferry Tjahyadikarta                 On November 28, 2012, Ferry Tjahyadikarta agreed to
         menyetujui untuk mengakhiri perjanjian diatas                       terminate the agreement above based on Agreement                   setuju untuk menunjuk Perusahaan untuk melakukan                   appoint the Company to manage, supervise and
         berdasarkan Agreement The Annulment Of Joint                        The Annulment Of Joint Operation Agreement which                   pengelolaan, pengawasan dan pengendalian atas unit                 control the villa unit No. H24, such as marketing,
         Operation Agreement yang telah ditandatangani oleh                  signed by both parties on August 5, 2013 with                      villa No. H24, yaitu melakukan pemasaran,                          maintenance of the equipment and facility,
         kedua pihak pada tanggal 5 Agustus 2013, yang berlaku               effective date per August 31, 2013.                                pemeliharaan peralatan dan fasilitas, melakukan                    administration and organized the employees.
         efektif tertanggal 31 Agustus 2013.                                                                                                    administrasi dan pengorganisasian karyawan.
         Dengan telah dialihkannya kepemilikan atas unit villa               By the transfer of the ownership of villa unit No. H8 to
         No. H8 kepada PT Laksana Agung Semesta (LAS), maka                  PT Laksana Agung Semesta (LAS), on August 30, 2013,                Untuk kesepakatan tersebut, keuntungan finansial dari             For this arrangement, the financial benefits from villas
         pada tanggal 30 Agustus 2013,LAS setuju untuk                       LAS, related party, agreed to appoint the Company to               unit villa No. H24 akan dibagi diantara Perusahaan dan            unit No. H24 will be shared between the Company and
         menunjuk Perusahaan untuk melakukan pengelolaan,                    manage, supervise and control the villa unit No. H8,               Ferry Tjahyadikarta dengan porsi masing-masing 50%                Ferry Tjahyadikarta with a portion of 50% (fifty
         pengawasan dan pengendalian atas unit villa No. H8,                 such as marketing, maintenance of the equipment and                (lima puluh persen) dan pembayaran dilakukan dengan               percent) and payments made in US Dollar currency.
         yaitu melakukan pemasaran, pemeliharaan peralatan                   facility, administration and organized the employees.              mata uang Dolar AS.
         dan    fasilitas,   melakukan   administrasi     dan                                                                                   Perjanjian ini akan efektif berlaku dimulai sejak                 This agreement shall be effective starting from the
         pengorganisasian karyawan.                                                                                                             penyerahan unit villa oleh Ferry Tjahyadikarta kepada             hand-over of the villa unit from Ferry Tjahyadikarta to
         Pada tanggal 22 Desember 2017, Perusahaan dan LAS                   On December 22, 2017, the Company and LAS signed                   Perusahaan.                                                       the Company.
         menandatangani Amendment to Joint Operation                         the Amendment to Joint Operation Agreement Three              n.   Perjanjian pembelian tanah antara PT Bukit Uluwatu          n.    Land purchase agreement between PT Bukit Uluwatu
         Agreement Three Bedroom Villa (H8) yang menyatakan                  Bedroom Villa (H8) which stated that starting from                 Villa Tbk dengan PT Nusapacific Investment (NII)                  Villa Tbk and PT Nusapacific Investment (NII)
         bahwa mulai tanggal 1 Januari 2018, porsi Financial                 1 January 2018, the portion of Financial Reward shall
         Reward akan dibagi menjadi 20% untuk LAS dan 80%                    be divided into 20% for LAS and 80% for the Company.               Pada tanggal 3 Desember 2012, Perusahaan                          On December 3, 2012, the Company entered into an
         untuk Perusahaan.                                                                                                                      mengadakan     perjanjian  dengan   NII  mengenai                 agreement with NII whereby the Company agreed to
         Berdasarkan perjanjian 133 erjasama operasi Three                   Based on joint operation agreement Three Bedroom                   pembelian tanah seluas 9.250 m2 yang terletak di                  buy land of 9,250 m2 in Pecatu, Bali at a purchase price
         Bedroom Villa No. H8 pada tanggal 17 Maret 2021,                    Villa No. H8 on March 17, 2021, there has been a                   Pecatu, Bali dengan harga pembelian adalah sebesar                amounting to Rp35,000,000,000.
         telah terjadi pengalihan kepemilikan atas unit villa No.            transfer of ownership of villa unit No. H8 from                    Rp35.000.000.000.
         H8 dari PT Laksana Agung Semesta kepada Hapsoro dan                 PT Laksana Agung Semesta to Hapsoro and agreed to                  Pada tanggal 7 Oktober 2016, Perusahaan dan NII                   On October 7, 2016, the Company and NII agreed to
         setuju untuk menunjuk Perusahaan untuk melakukan                    appointed the Company to manage, supervise and                     sepakat untuk membatalkan perjanjian pembelian                    annul the land purchase agreement and enter into
         pengelolaan, pengawasan dan pengendalian atas unit                  control the villa unit No. H8, such as marketing,                  tanah     tersebut   dan    mengadakan    perjanjian              built, operate and transfer agreement (BOT), the
         villa   No.    H8,    yaitu  melakukan     pemasaran,               maintenance of the equipment and facility,                         pembangunan, pengelolaan dan penyerahan kembali                   wedding area and its facilities to be located on the
         pemeliharaan peralatan dan fasilitas, melakukan                     administration and organized the employees.                        (BOT) bangunan wedding area dan sarana-sarananya di               Land Right Certificate under the name of NII. Land is
         administrasi dan pengorganisasian karyawan.                                                                                            atas sebidang tanah Hak Guna Bangunan atas nama NII.              owned by NII and delivered to the Company (as
         Berdasarkan perjanjian tersebut, Perusahaan akan                     Based on the agreement, the Company will charge                   Tanah adalah milik NII diserahkan kepada Perusahaan               investor and operator) to build the wedding area,
         mengenakan biaya dan akan memberikan financial                       cost and provide financial rewards as follows:                    (selaku investor dan pengelola) untuk dibangun                    manage and operate as BOT for 20 years, which will be
         reward sebagai berikut:                                                                                                                wedding area, dikelola dan dioperasikan secara BOT                valid after the date of project completion and
                                                                                                                                                untuk jangka waktu 20 tahun yang terhitung sejak                  afterwards will be returned to NII.
         1. Biaya listrik dan air sebesar 50% dari total aktual,              1. The cost of electricity and water is 50% of the                tanggal penyelesaian bangunan, dan setelahnya akan
                                                                                 actual total,                                                  dikembalikan kepada NII.
         2. Layanan tambahan yang diminta akan ditagihkan                     2. Additional services requested will be billed                   Setelah tanggal penyelesaian bangunan, Perusahaan                 After the date of project completion, the Company
            sesuai dengan kesepakatan,                                           according to the agreement,                                    dan NII sepakat melakukan pembagian hasil dari                    and NII agreed to share the profit from joint operation
                                                                                                                                                pengelolaan wedding area masing-masing sebesar 70%                of wedding area at 70% and 30%, respectively from the
         3. Biaya asuransi per tahun,                                         3. Insurance costs per year,                                      dan 30% dari hasil keuntungan, setelah dikurangi biaya            profit less management fee from the operation of
                                                                                                                                                manajemen atas pengelolaan wedding area.                          wedding area.
         4. Dana cadangan sebesar 3% dari pendapatan kotor                    4. A reserve fund of 3% of the gross income for the
            atas villa setiap bulannya,                                          villa each month,                                              Selama tahun 2016, NII telah melakukan sebagian                   During 2016, NII has paid partial payment of the
                                                                                                                                                pengembalian atas uang muka pembelian tanah                       cancellation of the advance of land purchase, the
         5. Biaya kontribusi sebesar USD 2.000 setiap bulannya,               5. Contribution fee of USD 2,000 per month,                       tersebut sisanya akan dilunasi melalui pembagian hasil            remaining advance will be repaid through revenue
                                                                                                                                                pengelolaan wedding area tersebut diatas. Pada                    sharing wedding área above. On December 28, 2017,
         6. Biaya pendatapan manajemen sebesar 3% per tahun                   6. Management revenue fee is 3% per year with a pro-              tanggal 28 Desember 2017 NII dan Perusahaan                       NII and the Company agreed to extend the maturity
            dengan perhitungan pro-rata antara Hapsoro dan                       rata calculation between Hapsoro and the                       menyetujui untuk perpanjangan jatuh tempo pelunasan               date of the repayment of the refund of the down
            Perusahaan.                                                          Company.                                                       pengembalian pengembalian uang muka tanah sampai                  payment until December 31, 2019.
                                                                                                                                                dengan 31 Desember 2019.
         7. Financial reward yang akan dibagikan sebesar 50%                  7. The financial reward that will be distributed is 50%           Pada tanggal 7 Juni 2018, NII telah melakukan                     On June 7, 2018 NII has fully refunded this advance
            dari total pendapatan kotor dan dikurangi biaya –                    of the total gross income and reduced by the costs             pengembalian penuh atas uang muka pembelian tanah                 for land purchase.
            biaya diatas berserta dengan pajak atas transaksi                    above along with taxes on this transaction.                    ini.
            ini.
Page 151
                                                                      These consolidated financial statements are originally                                                                           These consolidated financial statements are originally
                                                                                issued in Indonesian language                                                                                                    issued in Indonesian language

                                           Ekshibit E/135                                                         Exhibit E/135                                              Ekshibit E/136                                                        Exhibit E/136

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                   PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                         PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                 PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                                 NOTES TO THE CONSOLIDATED FINANCIAL                                          CATATAN ATAS LAPORAN                               NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                             STATEMENTS                                                     KEUANGAN KONSOLIDASIAN                                           STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                             AS OF DECEMBER 31, 2021 AND                                  TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                           AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                                 FOR THE YEAR THEN ENDED                                       YANG BERAKHIR PADA TANGGAL TERSEBUT                               FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)              (Expressed in Rupiah, unless otherwise stated)                     (Disajikan dalam Rupiah, kecuali dinyatakan lain)            (Expressed in Rupiah, unless otherwise stated)

32. PERJANJIAN (Lanjutan)                                     32. AGREEMENTS (Continued)                                          32. PERJANJIAN (Lanjutan)                                    32. AGREEMENTS (Continued)

    o. Perjanjian pembelian tanah antara Perusahaan              o.    Land purchase agreement between the Company                    q. License     Agreement      sehubungan      dengan        q.      License Agreement in connection with Alila
       dengan PT Bukit Ubud Lestari (BUL)                              and PT Bukit Ubud Lestari (BUL)                                   AlilaManggis                                                     Manggis

                                                                                                                                         Perjanjian dengan Alila International Services                   This agreement with Alila International Services
       Pada tanggal 19 November 2014, Perusahaan                       On November 19, 2014, the Company entered into
                                                                                                                                         Corporation (AISC) memberikan Alila Manggis izin                 Corporation (AISC) provides Alila Manggis the
       mengadakan perjanjian dengan BUL, pihak ketiga                  an agreement with BUL, third party, whereby the
                                                                                                                                         untuk menggunakan nama “Alila” termasuk logo,                    license to use the Alila-Owned Hotel Names
       mengenai       pembelian       tanah       seluas               Company agreed to buy land of 3,790 m2 in Desa
                                                                                                                                         design, trademarks, service marks dan registrasi                 consisting of trade names, trademarks, services
       3.790 m2 yang terletak di Desa Melinggih Kelod,                 Melinggih Kelod, Kecamatan Payangan, Kabupaten
                                                                                                                                         sehubungan dengan Hotel. Sebagai kompensasi,                     marks and registrations in connection with the
       Kecamatan Payangan, Kabupaten Gianyar, Provinsi                 Gianyar, Provinsi Bali at a purchase price
                                                                                                                                         Alila Manggis akan membayar AISC biaya lisensi                   operation of the hotel. As compensation, Alila
       Bali dengan harga pembelian adalah sebesar                      amounting to Rp9,200,000,000. The Company
                                                                                                                                         tahunan sebesar USD1.000                                         Manggis shall pay AISC an annual license fee
       Rp9.200.000.000. Pembayaran pertama sebesar                     already made the first payment amounting to
                                                                                                                                                                                                          amounting to USD1,000.
       Rp5.000.000.000 sudah dibayarkan Perusahaan pada                Rp5,000,000,000 on November 2014. On 29 May
       bulan November 2014. Pada 29 Mei 2015, harga                    2015, the agreed purchase price has been revised
                                                                                                                                         Perjanjian ini berlaku sepanjang Management                      The term of the agreement is concurrent with
       pembelian tersebut telah mengalami beberapa kali                several times and based on the latest agreement on
                                                                                                                                         Agreement dengan AHR masih berlaku, kecuali                      the term of the management agreement with
       perubahan dan berdasarkan perjanjian perubahan                  February 11, 2016, purchase price of land to
                                                                                                                                         terdapat penyelesaian lebih dini sesuai dengan                   AHR unless terminated earlier pursuant to the
       terakhir pada tanggal 11 Februari 2016, harga                   become Rp13,265,000,000. As of December 31, 2020
                                                                                                                                         ketentuan yang berlaku dalam perjanjian tersebut.                reasons provided in the agreement.
       pembelian       tanah       menjadi      sebesar                and 2019, payment that have been paid by the
       Rp13.265.000.000. Pada tanggal 31 Desember 2020                 Company amounted to Rp 13,625,000,000,
                                                                                                                                         Biaya lisensi yang dibebankan pada operasional                   The license fee charged to operati”ns of Alila
       dan 2019, pembayaran yang telah dibayarkan                      respectively.
                                                                                                                                         Alila     Manggis      masing-masing     sebesar                 Manggis amounted to Rp 14,023,000 and
       Perusahaan    masing-masing     adalah   sebesar
                                                                                                                                         Rp14.023.000 dan Rp14.000.000 untuk tahun yang                   Rp14,000,000 for the years ended in December
       Rp13.265.000.000.
                                                                                                                                         berakhir pada tanggal 31 Desember 2021 dan 2020,                 31, 2021 and 2020, respectively, were recorded
                                                                                                                                         dan dicatat sebagai bagian dari akun “Beban                      as part of “Management and Licenses Fees” in
       Pada tanggal 31 Desember 2020 dan 2019, saldo                   As of December 31, 2020 and 2019, the advances
                                                                                                                                         Manajemen dan Lisensi” pada laporan laba rugi                    the consolidated statement of profit or loss and
       uang muka pembelian tanah tersebut dicatat                      for purchase land was recorded as part of “Other
                                                                                                                                         dan penghasilan komprehensif lain konsolidasian                  other comprehensive income (Note 6).
       sebagai bagian dari “Aset Tidak Lancar Lainnya”                 Non-Current Assets” in the consolidated statements
                                                                                                                                         (Catatan 6).
       pada laporan posisi keuangan konsolidasian (Catatan             of financial position (Note 15).
       15).
                                                                                                                                      r. Perjanjian Penyetoran atas Modal Saham antara            r.      Agreement for Investment in Share Capital
                                                                                                                                         Perusahaan dengan PT Anugerah Luhur Sejati (ALS)                 between the Company and PT Anugerah Luhur
    p. Joint Operation Agreement Three Bedroom Villa             p.    Joint Operation Agreement Three Bedroom Villa
                                                                                                                                                                                                          Sejati (ALS)
       Nomor C1 dan C2, antara PT Nusapacific Island                   Number C1 and C2 between PT Nusapacific Island
       Investment (NII) dan Perusahaan                                 Investment (NII) and the Company
                                                                                                                                         Pada tanggal 23 September 2015, Perusahaan dan                   On 23 September 2015, the Company and ALS
                                                                                                                                         ALS mengadakan perjanjian penyetoran atas modal                  entered into investment in shares agreement,
       Pada tanggal 1 Juni 2015, NII selaku pemilik baru               On June 1, 2015, NII as a new owner of villa No. C1
                                                                                                                                         saham, dimana Perusahaan setuju untuk membeli                    whereby the Company agreed to purchase ALS
       villa Nomor C1 dan C2, setuju untuk menunjuk                    and C2 agreed to appoint the Company to manage,
                                                                                                                                         saham ALS sebesar Rp120.000.000.000.                             shares amounting to Rp120,000,000,000.
       Perusahaan     untuk    melakukan      pengelolaan,             supervise and control the villa unit No. C1 and C2,
       pengawasan dan pengendalian atas unit villa Nomor               such as marketing, maintenance of the equipment
                                                                                                                                         Pada tanggal 7 Oktober 2016, Perusahaan dan ALS                  On 7 October 2016, the Company and ALS agreed
       C1 dan C2, yaitu melakukan pemasaran,                           and facility, administration and organized the
                                                                                                                                         sepakat untuk membatalkan rencana pembelian                      to annul the investment in shares agreement,
       pemeliharaan peralatan dan fasilitas, melakukan                 employees.
                                                                                                                                         saham, sehingga uang muka yang telah dibayarkan                  therefore, all advance paid by the Company will
       administrasi dan pengorganisasian karyawan.
                                                                                                                                         oleh Perusahaan akan dikembalikan seluruhnya                     be fully returned at the latest on June 2017 and
                                                                                                                                         paling lambat bulan Juni 2017 dan akan dikenakan                 will be charged with penalty by 0.019% per day if
       Untuk hal tersebut, keuntungan finansial dari setiap            For this matter, the financial benefits of each units
                                                                                                                                         denda sebesar 0,019% per hari jika pengembalian                  the repayment more than June 2017 and at the
       unit villa tersebut akan dibagi dengan porsi masing-            villa will be shared proportionally, for the
                                                                                                                                         uang tersebut lebih dari bulan Juni 2017 dan paling              latest in November 2017.
       masing, Perusahaan 33% dan NII 67%.                             Company 33% and NII 67%, respectively.
                                                                                                                                         lambat pada bulan November 2017.

                                                                                                                                         Pada tanggal 10 November 2017, Perusahaan dan                    On 10 November 2017, the Company and ALS
                                                                                                                                         ALS sepakat untuk memperpanjang jangka waktu                     agreed to extend repayment period at the latest
                                                                                                                                         pengembalian uang muka selambat-lambatnya                        on 30 November 2018 and will be charged with
                                                                                                                                         30 November 2018 dan akan dikenakan denda                        penalty by 0.019% per day if the repayment
                                                                                                                                         sebesar 0,019% per hari jika pengembalian uang                   exceed 30 November 2018.
                                                                                                                                         tersebut lebih dari 30 November 2018.
Page 152
                                                                        These consolidated financial statements are originally                                                                         These consolidated financial statements are originally
                                                                                  issued in Indonesian language                                                                                                  issued in Indonesian language

                                             Ekshibit E/137                                                         Exhibit E/137                                              Ekshibit E/138                                                      Exhibit E/138

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                        PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                      PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                 PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED FINANCIAL                                       CATATAN ATAS LAPORAN                               NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                                  STATEMENTS                                                  KEUANGAN KONSOLIDASIAN                                           STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                  AS OF DECEMBER 31, 2021 AND                               TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                           AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                                      FOR THE YEAR THEN ENDED                                    YANG BERAKHIR PADA TANGGAL TERSEBUT                               FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)                   (Expressed in Rupiah, unless otherwise stated)                  (Disajikan dalam Rupiah, kecuali dinyatakan lain)            (Expressed in Rupiah, unless otherwise stated)

32. PERJANJIAN (Lanjutan)                                       32. AGREEMENTS (Continued)
                                                                                                                                    32. PERJANJIAN (Lanjutan)                                   32. AGREEMENTS (Continued)
   s. Perjanjian Penyetoran atas Modal Saham antara                   s. Agreement for Investment in Share Capital
      Perusahaan dengan PT Anugerah Luhur Sejati (ALS)                   between the Company and PT Anugerah Luhur                     u.   Uang Muka Setoran Modal PT Laksana Agung               u. Advance Payment of Capital Deposit PT Laksana
      (Lanjutan)                                                         Sejati (ALS) (Continued)                                           Semesta                                                   Agung Semesta

      Berdasarkan Berita Acara RUPS ALS pada tanggal                     Based on the Minutes of General Meeting of                         Pada tanggal 22 Desember 2017, Perusahaan dan              On December 22, 2017, the Company and
      31 Maret 2018, Perusahaan dan ALS sepakat untuk                    Shareholders on March 31, 2018, the Company and                    PT Laksana Agung Semesta (LAS) menandatangani              PT Laksana Agung Semesta (LAS) signed the
      melakukan rencana pengambilalihan saham yang                       ALS agreed to a planned takeover of shares that                    Nota    Kesepahaman     Pengambilalihan,  yang             Memorandum of Understanding regarding the
      akan direalisasikan selambat-lambatnya pada akhir                  will be realized not later than end of 2018, so the                menyatakan rencana pengambilalihan PT LAS oleh             Takeover, which stated about a planned takeover
      tahun 2018, sehingga jumlah piutang lain-lain dari                 amount of other receivables from ALS totaling                      Perusahaan seharga Rp35.000.000.000.                       of PT LAS by the Company amounting to
      ALS sebesar Rp115.971.450.000 pada tanggal                         Rp115,971,450,000 as of December 31, 2018 was                                                                                 Rp35,000,000,000.
      31 Desember 2018 disajikan sebagai uang muka                       presented as an advance for purchase of
      penyertaan saham (bagian dari “Aset Tidak Lancar                   investment (part of “Others Non-Current Assets”)                   Sampai dengan 31 Desember 2021, saldo uang                 Up to December 31, 2021, the amount that has
      Lainnya”) (Catatan 14).                                            (Note 14).                                                         muka saham yang sudah dibayarkan oleh                      been paid by the Company was presented as an
                                                                                                                                            Perusahaan    disajikan  sebagai   uang    muka            advance for purchase of investment (part of
                                                                                                                                            penyertaan saham (bagian dari “Aset Tidak Lancar           «Others Non-Current Assets») (Note 15).
      Rencana pengambilalihan saham diperpanjang lebih                   The planned take over of shares has been further                   Lainnya”)
      lanjut pada tanggal atau sebelum 31 Desember                       extended on or before December 31, 2019.                           (Catatan 15).
      2019.
                                                                                                                                      v.    Uang Muka Setoran     Modal   PT   Dialog   Utama     v.   Advance Payment of Capital Deposit PT Dialog
      Karena sampai dengan 30 Desember 2019                              Since up until December 30, 2019 the take over of                  Internasional                                              Utama Internasional
      pengambilalihan   saham      ALS    belum     dapat                shares in ALS has not yet been realized, so based
      direalisasikan, maka berdasarkan Berita Acara                      on the       Minutes of       General Meeting of                   Pada tanggal 28 Mei 2018, Perusahaan dan                    On May 28, 2018, the Company and PT Dialog
      Rapat Umum Pemegang Saham ALS tanggal 10                           Shareholders of ALS on December 10, 2019, ALS                      PT    Dialog    Utama     Internasional   (DUI)             Utama     Internasional (DUI)  executed    the
      Desember 2019, ALS harus melunasi penyelesaian                     must fullfill its obligations to pay back the down                 menandatangani        Nota         Kesepahaman              Acquisition Memorandum of Understanding, which
      kewajiban pengembalian Uang Muka Saham yang                        payment that have been paid by BUVA, by                            Pengambilalihan, yang menyatakan rencana                    stated the plan to take over PT DUI by the
      sudah dibayarkan BUVA, dengan cara pengalihan                      transferring the profit of 3 Units Villa (C-3, C-5,                pengambilalihan PT DUI oleh Perusahaan seharga              Company for Rp 12,500,000,000.
      hak pendapatan 3 unit villa (C-3, C-5, C-6) sebesar                C-6) of 67% to BUVA. .                                             Rp12.500.000.000.
      67% kepada BUVA.
                                                                                                                                            Sampai dengan 31 Desember 2021, saldo uang                  Up to December 31, 2021, the amount that has
  t. Joint Operation Agreement Villa Pondok Idanna               t.     Joint Operation Agreement Villa Pondok Idanna of                    muka saham yang sudah dibayarkan oleh                       been paid by the Company was presented as an
     untuk PT Mandra Alila                                              PT Mandra Alila                                                     Perusahaan    disajikan  sebagai   uang    muka             advance for purchase of investment (part of
                                                                                                                                            penyertaan saham (bagian dari “Aset Tidak Lancar            «Others Non-Current Assets») (Note 15pe).
      Porsi financial rewards untuk kedua belah pihak                   The portion of financial rewards-entitled to both                   Lainnya”) (Catatan 15).
      akan dibagi menjadi 50% (lima puluh persen) untuk                 parties shall be divided into 50% (fifty percent) for
      masing-masing pihak. Pemilik villa berhak menerima                each party. The villa owner shall be entitled to
      50% (lima puluh persen) dari laba bersih yang                     receive 50% (fifty percent) of the net profit
      dikumpulkan dari villa, setelah dikurangi beban villa             collected from the villa after deduction of the villa
      manajer sebagaimana dimaksud dalam pasal 3.2.                     manager's expenses as referred in article 3.2. The
      Manajer villa berhak untuk menerima 50% (lima                     villa manager shall be entitled to receive 50% (fifty
      puluh persen) dari laba bersih yang dikumpulkan dari              percent) of the net profit collected from the villa
      villa setelah dikurangi semua biaya sebagaimana                   after deducting all expenses as stipulated in article
      diatur dalam pasal 3.2.                                           3.2.

      Manajer Villa akan meneruskan laporan keuangan                    The villa manager shall forward a financial
      kepada pemilik villa setiap bulannya yang                         statement to the villa owner on a monthly basis
      menunjukkan financial reward ke rekening bank                     indicating the financial rewards that the villa
      yang ditunjuk pada pilihan pemilik villa.                         owner is entitled to the payment will be paid
                                                                        monthly, to the designated bank account at the
                                                                        choice of the villa owner.

      Perjanjian ini berlaku dari 15 Mei, ("tanggal efektif")           This agreement shall be effective from 15 May,
      dan akan berlanjut sejak tanggal efektif selama                   (the "effective date") and shall continue from the
      minimal dua tahun. Setelah jangka waktu minimum                   effective date for a minimum of two years. After
      satu tahun, salah satu pihak dapat mengakhiri                     the minimum period of one year, either party may
      perjanjian dengan pemberitahuan 6 (enam) bulan                    terminate the agreement with 6 (six) month's
      sebelumnya kepada pihak lain.                                     notification to the other party.
Page 153
                                                                  These consolidated financial statements are originally                                                                      These consolidated financial statements are originally
                                                                            issued in Indonesian language                                                                                               issued in Indonesian language

                                           Ekshibit E/139                                                     Exhibit E/139                                             Ekshibit E/140                                                    Exhibit E/140

   PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                  PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                     PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                 PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
                CATATAN ATAS LAPORAN                                NOTES TO THE CONSOLIDATED FINANCIAL                                      CATATAN ATAS LAPORAN                               NOTES TO THE CONSOLIDATED FINANCIAL
               KEUANGAN KONSOLIDASIAN                                            STATEMENTS                                                 KEUANGAN KONSOLIDASIAN                                           STATEMENTS
    TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                            AS OF DECEMBER 31, 2021 AND                              TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                           AS OF DECEMBER 31, 2021 AND
       YANG BERAKHIR PADA TANGGAL TERSEBUT                                FOR THE YEAR THEN ENDED                                   YANG BERAKHIR PADA TANGGAL TERSEBUT                               FOR THE YEAR THEN ENDED
   (Disajikan dalam Rupiah, kecuali dinyatakan lain)             (Expressed in Rupiah, unless otherwise stated)                 (Disajikan dalam Rupiah, kecuali dinyatakan lain)            (Expressed in Rupiah, unless otherwise stated)

32. PERJANJIAN (Lanjutan)                                    32. AGREEMENTS (Continued)                                       33. HAL PENTING LAINNYA                                      33. SIGNIFICANT MATTER

   w. Perjanjian   pembelian   tanah   antara   Perusahaan      w. Land Purchase agreement between the Company and               COVID-19                                                     COVID-19
      dengan NII                                                   NII
                                                                                                                                 Pada tanggal 30 Januari 2020, Organisasi Kesehatan           On 30 January 2020, the World Health Organization
       Pada tanggal 22 Desember 2017, Perusahaan dan NII            On December 22, 2017, the Company and NII entered            Dunia (“WHO”) mengumumkan status tanggap darurat             (“WHO”) announced a global health emergency
       mengadakan perjanjian pengikatan jual beli tanah             into a sale and purchase agreement of land owned by          kesehatan global dikarenakan jenis wabah virus baru          because of a new strain of coronavirus (the “COVID-
       milik NII yang terletak di Badung, Kuta Selatan,             NII located in Badung, South Kuta, Pecatu of                 (“COVID-19) adanya risiko ketika virus tersebut              19 outbreak”) and the risks to the international
       Pecatu seluas 2.211m2 sebagaimana terdaftar dalam            2,211m2as registered in the Land Right Certificate           menyebar dari asal mulanya virus tersebut berasal            community as the virus spreads globally beyond its
       sertifikat Hak Guna Bangunan No. 745 dengan harga            No. 745 at a price of Rp35,000,000,000 which will be         secara global terhadap komunitas internasional. Pada         point of origin. In March 2020, the WHO classified the
       Rp35.000.000.000 yang akan dibayar secara bertahap           paid in gradual payments and will be fully paid by           bulan Maret 2020, berdasarkan peningkatan yang               COVID-19 outbreak as a pandemic, based on the rapid
       dan akan dilunasi seluruhnya selambatnya pada bulan          October 2018.                                                sangat cepat yang berdampak secara global, WHO               increase in exposure globally.
       Oktober 2018.
                                                                                                                                 mengklasifikasikan wabah COVID-19 sebagai pandemic.

                                                                                                                                 Wabah COVID-19 memiliki dampak secara menyeluruh             The full impact of the COVID-19 outbreak continues
       Dengan dilaksanakannya pengikatan ini Perusahaan             With the execution of this agreement, the Company
                                                                                                                                 dan terus berkembang hingga tanggal laporan ini. Oleh        to evolve as of the date of this report. As such, it is
       tidak berhak baik langsung maupun tidak langsung             is not allowed to directly or indirectly engage in the
                                                                                                                                 karena itu, adanya ketidakpastian seberapa besar             uncertain as to the full magnitude that the pandemic
       melakukan tindakan-tindakan menyewakan, menjual              act of renting, selling or any other way by giving
                                                                                                                                 dampak pandemic ini terhadap kondisi keuangan,               will have on the Company and its Subsidiaries’
       atau dengan cara apapun juga memberikan hak dan              authority and rights on the land without the
                                                                                                                                 likuiditas dan hasil operasi Perusahaan dan Entitas          financial condition, liquidity, and future results of
       kuasa atas tanah tanpa persetujuan NII. Tindakan             consent of the NII. The Company’s actions that are in
                                                                                                                                 Anaknya di masa yang akan datang.                            operations.
       Perusahaan yang bertentangan dengan tindakan                 conflict with such actions are invalid.
       tersebut adalah tidak sah.
                                                                                                                                 Perusahaan menilai bahwa kinerja akan terus                  The Company expects performance to continue to be
                                                                                                                                 terpengaruh secara signifikan oleh pandemi tersebut.         significantly affected by the pandemic. However, the
       Pada tanggal 1 Agustus 2018, Perusahaan dan NII              As of August 1, 2018, the Company and NII agreed to
                                                                                                                                 Namun demikian, Perusahaan tetap yakin dengan                Company remains confident in its strategic plans for
       sepakat untuk membatalkan perjanjian jual beli               annul the sale and purchase agreement. Upon the
                                                                                                                                 rencana strategis bisnisnya di masa depan.                   the business for the future.
       tanah tersebut. Atas pembatalan tersebut, NII telah          cancelation, NII has paid partial payment amounting
       melakukan     sebagian   pengembalian      sebesar           to Rp30,000,000,000 and the remaining will be                Jangka waktu dan tingkat dampak pandemi COVID-19             The duration and extent of the impact of the COVID-
       Rp30.000.000.000 dan sisanya akan dilunasi paling            repaid at the latest on August 1, 2020.                      terhadap Perusahaan masih belum pasti. Namun,                19 pandemic on the Company remains uncertain.
       lambat 1 Agustus 2020.                                                                                                    Perusahaan memperkirakan pandemi akan terus                  However, the Company expects the pandemic to
                                                                                                                                 mempengaruhi kegiatan operasional tahun ini yang             continue to affect its operations this year and for
       Pada tanggal 14 Desember 2018, NII sudah melunasi            On December 14, 2018, NII has fully paid the amount          tetap penuh tantangan. Perusahaan tetap berkomitmen          2021 to remain challenging. The company remains
       jumlah yang berasal dari pembatalan jual beli tanah          arising from cancellation of this sale and purchase of       terhadap masa depan bisnis hotelnya.                         committed to the future of its hotel business.
       ini.                                                         land.                                                        Pencapaian dan rencana manajemen di dalam                    Management's achievements and plans in dealing with
                                                                                                                                 menghadapi pandemi COVID-19 (Catatan 34)                     the COVID-19 pandemic (Note 34).
       Pada tanggal 8 Juni 2018, Perusahaan dan NII                 On June 8, 2018, the Company and NII entered into a
       mengadakan perjanjian pengikatan jual beli tanah             sale and purchase agreement of land owned by NII
       milik NII yang terletak di Badung, Kuta Selatan,             located in Badung, South Kuta, Pecatu of 3,124m2,          34. KEBERLANGSUNGAN USAHA                                   34. GOING CONCERN
       Pecatu seluas 3.124m2, 2.449m2, dan 2.822m2                  2,499m2, 2,822m2 as registered in the Land Right
       sebagaimana terdaftar dalam sertifikat Hak Guna              Certificate No. 918, 919, 920 at a price of                   Kedua resor milik perusahaan masih mengalami tingkat         The two company-owned resorts are still
       Bangunan No. 918, 919, 920 dengan harga                      Rp74,160,500,000 which will be paid in gradual                hunian yang rendah, bahkan penurunan lebih jauh              experiencing low occupancy rates, especially Alila
       Rp74.160.500.000 yang akan dibayar secara bertahap           payments and will be fully paid by September 20,              terutama Alila Ubud. Hal tersebut disebabkan oleh            Ubud. This is due to travel restrictions imposed for a
       dan akan dilunasi seluruhnya selambatnya pada bulan          2018.                                                         pengetatan perjalanan diberlakukan untuk periode 12          full 12 month period in 2021 compared to 10 months
       20 September 2018.                                                                                                         bulan penuh di 2021 dibandingkan dengan 10 bulan di          in 2020. In terms of average room rates, the amount
                                                                                                                                  2020. Dari segi harga kamar rata-rata, angkanya              is still decreasing to 20.1% for Alila Villas Uluwatu
                                                                                                                                  masih turun 20,1% untuk Alila Villas Uluwatu dan turun       and decreasing to 40.4% for Alila Ubud. Hotels only
       Sampai dengan jatuh tempo pelunasan, Perusahaan              Until the maturity date, the Company has not been
                                                                                                                                  40,4% untuk Alila Ubud. Hotel hanya mengandalkan             rely on local tourists or foreigners who cannot
       belum dapat melakukan pembayaran penuh atas                  able to make full payment of this transaction.
                                                                                                                                  kepada wisatawan lokal atau orang asing yang belum           return to their home countries or who stay at hotels
       transaksi jual beli tanah tersebut. Oleh karena itu          Therefore, on November 5, 2018, the Company and
                                                                                                                                  bisa kembali ke negara asalnya atau yang menginap di         for isolation purposes. This is an extraordinary
       pada tanggal 5 November 2018, Perusahaan dan NII             NII agreed to annul the sale and purchase agreement
                                                                                                                                  hotel untuk tujuan isolasi. Hal ini merupakan kondisi        condition and it is very difficult for hotels to
       sepakat untuk melakukan pembatalan perjanjian jual           and as a result of the cancellation all the amounts
                                                                                                                                  yang sangat luar biasa dan tentunya sangat berat bagi        operate below the breakeven point.
       beli tanah tersebut dan akibat dari pembatalan ini,          paid by the Company have been converted to
                                                                                                                                  hotel untuk beroperasi di bawah titik breakeven.
       seluruh dana yang dibayar oleh Perusahaan telah              advances for purchase of shares of stock (Note 15).
       dikonversikan menjadi uang muka penyertaan saham
                                                                                                                                  Kondisi Industri Perhotelan di Bali:                         Conditions of the Hospitality Industry in Bali:
       (Catatan 15).
                                                                                                                                  •    Kebangkitan usaha di Bali tentunya bergantung           • The revival of business in Bali certainly depends
                                                                                                                                       kepada dibukanya kembali perjalanan dari                   on the reopening of travel from the main
       Pada tanggal 31 Desember 2021 dan 2020, saldo uang           As of December 31, 2021 and 2020, the outstanding                  negara-negara pemasok utama, yaitu China,                  supplying countries, which are China, North
       muka saham adalah sebesar Rp26.918.000.000                   balance of the advance of share purchase amounting                 Korea Utara, Australia dan Amerika Serikat.                Korea, Australia and the United States.
       disajikan sebagai uang muka penyertaan saham                 Rp26,918,000,000 was presented as an advance for               •   Kompetisi harga terjadi dengan agresif karena           • Price competition is become more aggressive as
       (bagian dari “Aset Tidak Lancar Lainnya”) (Catatan           purchase of investment (part of “Others Non-Current                semua hotel berusaha untuk menarik tamu yang               all hotels are trying to attract a very limited
       15).                                                         Assets”) (Note 15).                                                sangat terbatas.                                           number of guests.
Page 154
                                                                These consolidated financial statements are originally                                                                          These consolidated financial statements are originally
                                                                          issued in Indonesian language                                                                                                   issued in Indonesian language

                                          Ekshibit E/141                                                    Exhibit E/141                                                 Ekshibit E/142                                                    Exhibit E/142

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                 PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                         PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                 PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                               NOTES TO THE CONSOLIDATED FINANCIAL                                          CATATAN ATAS LAPORAN                               NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                           STATEMENTS                                                     KEUANGAN KONSOLIDASIAN                                           STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                           AS OF DECEMBER 31, 2021 AND                                  TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                           AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                               FOR THE YEAR THEN ENDED                                       YANG BERAKHIR PADA TANGGAL TERSEBUT                               FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)            (Expressed in Rupiah, unless otherwise stated)                     (Disajikan dalam Rupiah, kecuali dinyatakan lain)            (Expressed in Rupiah, unless otherwise stated)

34. KEBERLANGSUNGAN USAHA (Lanjutan)                         34. GOING CONCERN (Continued)                                      35. PERISTIWA SETELAH PERIODE PELAPORAN                     35. EVENTS AFTER THE REPORTING PERIOD

    Sebagai upaya untuk menghadapi situasi dan kondisi           In an effort to deal with uncertain situations and                 a. Pengalihan utang bank                                   a. Transfer of bank loan
    yang belum menentu, perusahaan mengambil langkah-            conditions, the company has taken the following
    langkah sebagai berikut:                                     steps:                                                               PT Bank Central Asia TBk (BCA)                               PT Bank Central Asia TBk (BCA)
      •   Menciptakan, menjalankan dan mengontrol                • Creating, executing and controlling marketing to
          pemasaran untuk menitikberatkan keunggulan                 emphasize the advantages of the resort.                          Pada tanggal 12 Mei 2022 BCA memberikan Surat                On May 12, 2022, BCA issued a notification letter
          dari resor.                                                                                                                 pemberitahuan mengenai pengalihan piutang dan                regarding the transfer of receivables and
      •   Evaluasi, riset and menarik perhatian pasar baru       •   Evaluate, research and attract attention to new                  agunan. Sesuai dengan ketentuan pasal 19 dari                collateral. In accordance with the provisions of
          untuk mempercepat pemulihan                                markets to accelerate recovery                                   Perjanjian Kredit berbunyi, ”BCA berhak, tanpa               article 19 of the Credit Agreement, it reads, ”BCA
      •   Menggarap pasar tamu yang tinggal untuk jangka         •   Tapping into the longer term guest market and                    persetujuan terlebih dahulu Debitor, memindahkan             has the right, without prior approval from the
          waktu yang lebih lama dan acara pernikahan                 small and medium sized wedding event.                            atau mengalihkan dengan cara apa pun sebagian                Debtor, to transfer or assign in any way part or all
          yang berukuran kecil dan menengah.                                                                                          atau seluruhnya hak dan/atau kewajiban BCA                   of BCA's rights and/or obligations in providing
      •   Memantau biaya secara ketat dan menjalankan            •   Monitor costs closely and run the business on a                  dalam memberikan fasilitas kredit berdasarkan                credit facilities under the Credit Agreement to
          usaha dengan pelayanan sangat dasar.                       very basic service.                                              Perjanjian Kredit kepada lembaga keuangan, bank              financial institutions, banks or other creditors."
      •   Menggiatkan sistem kerja multitasking kepada           •   Activate a multitasking work system for all                      atau kreditor lainnya.
          semua karyawan                                             employees
      •   Fokus dengan program penghematan energi                •   Focus on energy saving programs                                  Guna memenuhi ketentuan Pasal 613 paragraf 2                 In order to comply with the provisions of Article
                                                                                                                                      Kitab Undang-Undang Hukum Perdata dan Pasal 3                613 paragraph 2 of the Civil Code and Article 3 of
    Selain itu, Perusahaan menerapkan kebijakan sebagai          In addition, the Company implements the following                    Akta Cessie, maka BCA memberitahukan bahwa                   the Cessie Deed, BCA notifies that there is a
    berikut dari segi keuangan:                                  policies from a financial perspective:                               adanya pengalihan piutang (cessie) termasuk hak-             transfer of receivables (cessie) including
                                                                                                                                      hak jaminan atas agunan kepada PT Peak Sekuritas             collateral rights to PT Peak Sekuritas Indonesia
    •    Mengajukan permohonan restrukturisasi kepada            •   Apply for restructuring to all creditor banks                    Indonesia berdasarkan Akta Cessie. Sejak 12 Mei              based on the Cessie Deed. Since 12 May 2022,
         semua bank kreditur dan/atau menegosiasikan                 and/or renegotiate the terms of the outstanding                  2022, PT BLS menjadi terikat dengan Akta Cessie              PT BLS has become bound by the Cessie Deed and
         Kembali persyaratan pinjaman yang belum                     loans of the Group which were taken over by new                  dan untuk selanjutnya dapat menyelesaikan                    can subsequently settle its obligations and rights
         dibayar Grup dengan kreditur baru seperti yang              creditor mentioned in Note 35.                                   kewajiban dan hak-haknya dengan PT Peak                      with PT Peak Sekuritas Indonesia as a substitute
         telah dijelaskan dalam Catatan 35                                                                                            Sekuritas Indonesia sebagai pengganti kreditur               creditor (cessionary).
    •    Mengelola cashflow secara sangat ketat dan              •   Manage cash flow very tightly              and      make         (cessionaris).
         melakukan pembayaran hanya untuk kebutuhan                  payments only for urgent needs.
         mendesak.                                                                                                                    BCA telah mengalihkan haknya sebagai Kreditor                BCA has transferred its rights as a Creditor to
                                                                                                                                      kepada PT Peak Sekuritas Indonesia seluruh sisa              PT Peak Sekuritas Indonesia for all remaining
    •    Memberlakukan pengurangan gaji maksimum 50%             •   Enact a maximum salary reduction of 50% in both
         baik di unit hotel maupun kantor pusat                                                                                       piutang BCA terhadap Debitor berikut dengan                  BCA's receivables from the Debtor along with all
                                                                     hotel units and head office
                                                                                                                                      segala hak BCA sebagai penerima jaminan atau                 of BCA's rights as collateral recipients or all
    •    Menjual      aset    perusahaan    yang  tidak          •   Selling unused company assets, especially
                                                                                                                                      segala perjanjian-perjanjian ikutannya (accessoir),          accessoir agreements, where the transfer of
         dipergunakan, terutama aset bergerak seperti                movable assets such as cars.
                                                                                                                                      dimana pengalihan piutang tersebut telah                     receivables has been carried out on 11 May 2022
         mobil.
                                                                                                                                      dilaksanakan pada tanggal 11 Mei 2022 berdasarkan            based on the Deed of Transfer. Receivables and
    •    Mencari investor untuk melakukan penanaman              •   Looking for investors to invest in the company.                  Akta Pengalihan Utang dan Agunan (Cessie) sebagai            Collateral (Cessie) such as:
         modal di perusahaan.
                                                                                                                                      berikut:
    Perusahaan menilai bahwa kinerja akan terus                  The Company expects performance to continue to be
    terpengaruh secara signifikan oleh pandemi tersebut.         significantly affected by the pandemic. However,
    Namun demikian, Perusahaan tetap yakin dengan                the Company remains confident in its strategic plans
    rencana strategis bisnisnya di masa depan.                   for the business for the future.
Page 155
                                                                       These consolidated financial statements are originally                                                                                 These consolidated financial statements are originally
                                                                                 issued in Indonesian language                                                                                                          issued in Indonesian language

                                           Ekshibit E/143                                                          Exhibit E/143                                                  Ekshibit E/144                                                           Exhibit E/144

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                        PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                        PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                        PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED FINANCIAL                                         CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                                  STATEMENTS                                                    KEUANGAN KONSOLIDASIAN                                                  STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                  AS OF DECEMBER 31, 2021 AND                                 TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                  AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                      FOR THE YEAR THEN ENDED                                      YANG BERAKHIR PADA TANGGAL TERSEBUT                                      FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                   (Expressed in Rupiah, unless otherwise stated)                    (Disajikan dalam Rupiah, kecuali dinyatakan lain)                   (Expressed in Rupiah, unless otherwise stated)

35. PERISTIWA SETELAH PERIODE PELAPORAN (Lanjutan)                 35. EVENTS AFTER THE REPORTING PERIOD (Continued)                  35. PERISTIWA SETELAH PERIODE PELAPORAN (Lanjutan)                 35. EVENTS AFTER THE REPORTING PERIOD (Continued)

    a. Pengalihan utang bank (Lanjutan)                                a. Transfer of bank loan (Continued)                               b. Pemeriksaan Pajak                                               b. Tax Assessment
                                                                                                                                             Perusahaan                                                           Company
      PT Bank Central Asia TBk (BCA) (Lanjutan)                            PT Bank Central Asia TBk (BCA) (Continued)
                                                                                                                                             Pada tanggal 27 Oktober 2022, Perusahaan menerima                    On April 25, 2022, the Company received SKPN income
                                                                                                                                             SKPN pajak penghasilan pasal 21, SKPN pajak                          tax art 21, SKPN income tax art 23, SKPN and SKPKB
        Nama Perusahaan/Companies name             Akta pengalihan utang/ Deed of transfer of debt                                           penghasilan pasal 23, SKPN dan SKPKB pajak                           value added tax and SKPKB final tax art 4(2) for 2017
        PT Bukit Uluwatu Villa , Tbk               Nomor 13,14 dan 15 yang di tanda tangani di hadapan Sri Buena Brahmana,                   pertambahan nilai serta SKPKB pajak penghasilan final                tax inspection result with details as follows:
                                                   S.H., M. Kn., Notaris di Jakarta/No 13, 14 and 15 signed by Sri Buena                     pasal 4(2) untuk hasil pemeriksaan pajak tahun 2017
                                                   Brahmana, S.H., M.Kn., in Jakarta.                                                        dengan rincian sebagai berikut:
        PT Sitaro Mitra Abadi                      Nomor 15 yang di tanda tangani di hadapan Sri Buena Brahmana, S.H., M.
                                                   Kn., Notaris di Jakarta/No 15 signed by Sri Buena Brahmana, S.H., M.Kn., in                                          Jenis Surat/                                                                       Total
                                                   Jakarta.                                                                                        Surat Pajak/           Type of        Tanggal Surat/             Jenis Pajak/                      dibayarkan/Amo
        PT Mandra Alila                            Nomor 15 yang di tanda tangani di hadapan Sri Buena Brahmana, S.H., M.                          Tax Letters             Letter        Date of Letter             Type of Tax        Total/ Amounts    unts Paid
                                                   Kn., Notaris di Jakarta/No 15 signed by Sri Buena Brahmana, S.H., M.Kn., in              00004/277/17/054/22        SKPKB           27 Oktober 2022        PPN                            122.129.797        122.129.797
                                                   Jakarta.                                                                                 00005/277/17/054/22        SKPKB           27 Oktober 2022        PPN                             86.077.395         86.077.395
        PT Bukit Lagoi Villa                       Nomor 14 yang di tanda tangani di hadapan Sri Buena Brahmana, S.H., M.                   00006/277/17/054/22        SKPKB           27 Oktober 2022        PPN                             65.016.204         65.016.204
                                                   Kn., Notaris di Jakarta/No 14 signed by Sri Buena Brahmana, S.H., M.Kn., in              00013/240/17/054/22        SKPKB           27 Oktober 2022        PPh Pasal 4(2)                  62.089.268         62.089.268
                                                   Jakarta.                                                                                 00067/503/17/054/22        SKPN            27 Oktober 2022        PPh Pasal 23                             -                   -
        PT Bukit Lentera Sejahtera                 Nomor 13 yang di tanda tangani di hadapan Sri Buena Brahmana, S.H., M.                   00079/501/17/054/22        SKPN            27 Oktober 2022        PPh Pasal 21                             -                  -
                                                   Kn., Notaris di Jakarta/No 13 signed by Sri Buena Brahmana, S.H., M.Kn., in              00068/507/17/054/22        SKPN            27 Oktober 2022        PPN                                      -                   -
                                                   Jakarta.                                                                                 00067/507/17/054/22        SKPN            27 Oktober 2022        PPN                                      -                   -
                                                                                                                                            00010/506/17/054/22        SKPN            27 Oktober 2022        PPh Badan                                -                   -
               Pengambilalihan pinjaman bank - PT BLS                             Bank loan takeover - PT BLS                               00013/543/17/054/22        SKPN            27 Oktober 2022        PPh Pasal 21                             -                   -
                                                                                                                                                                                                                                             335.312.664        335.312.664
               Setelah pinjaman BCA diambil alih oleh PT Peak                     After the BCA loan was taken-over by PT Peak
                                                                                                                                             Sehubungan dengan proses pemeriksaan bukti                           in connection with the initial evidence examination
               Sekuritas Indonesia pada tanggal 12 Mei 2022                       Sekuritas Indonesia on May 12, 2022 as
                                                                                                                                             permulaan     dengan     surat  nomor   PRIN.BP-                     process with letter number PRIN.BP-4/WPJ.07/2022
               sebagaimana diungkapkan dalam Catatan 20,                          disclosed in Note 20, this was subsequently
                                                                                                                                             4/WPJ.07/2022 tanggal 12 Juli 2022, berdasarkan                      dated July 12, 2022, based on letter No.
               selanjutnya dialihkan oleh yang terakhir kepada                    transferred by the latter to PT Bank Artha
                                                                                                                                             surat     No     001/XII/BUV/2022,    Perusahaan                     001/XII/BUV/2022, the Company submitted a letter to
               PT Bank Artha Graha International Tbk pada                         Graha International Tbk on November 4, 2022
                                                                                                                                             menyampaikan surat untuk mengungkapkan bahwa                         disclose that the company did not submit a Corporate
               tanggal 4 November 2022 berdasarkan Akta                           based on the Deed of Agreement for Transfer
                                                                                                                                             perusahaan tidak menyampaikan Wajib Pajak Badan                      Taxpayer for the year In 2018, the company will pay
               Perjanjian untuk Pengalihan Hak Tagihan Nomor                      of Billing Rights Number 50 by Christina
                                                                                                                                             untuk tahun 2018 sehingga perusahaan akan                            the principal debt and sanctions in the amount of
               50 oleh Christina Susanto, SH., M.Kn., Notaris di                  Susanto, SH., M.Kn., Notary in Jakarta.
                                                                                                                                             membayar pokok hutang dan sanksi administrasi                        Rp6,466,143,434.
               Jakarta.
                                                                                                                                             sebesar Rp6.466.143.434.
               Pengambilalihan pinjaman bank - PT BUVA Tbk                        Bank loan takeover - PT BUVA Tbk                           BLS                                                                  BLS
                                                                                                                                             Pada tanggal 25 April 2022, Perusahaan menerima                      On April 25, 2022, the Company received Tax Under
               Sehubungan perjanjian kredit dengan PT Bank                        Based on the loan agreement with PT Bank                   SKPKB pajak penghasilan pasal 21, SKPKB dan STP                      payment Assessment Letter (“SKPKB”) income tax art
               Artha Graha International Tbk sebagaimana                          Artha Graha international Tbk as disclosed in              pajak penghasilan pasal 23, dan SKPKB pajak                          21, SKPKB and STP income tax art 23, and SKPKB final
               diungkapkan dalam Catatan 20 , Perusahaan                          Note 20, this was subsequently transferred by              penghasilan final pasal 4(2) untuk hasil pemeriksaan                 tax art 4(2) for 2017 tax inspection result with details
               mengalihkan pinjamannya kepada PT Graha                            the latter to PT Graha Prakarsa Mulia Sejahtera            pajak tahun 2017 dengan rincian sebagai berikut:                     as follows:
               Prakarsa Mulia Sejahtera pada tanggal 15                           on December 15, 2022 based on the Deed of
               Desember 2022 berdasarkan Akta Perjanjian                          Agreement for Transfer of Billing Rights                                              Jenis Surat/    Tanggal Surat/         Jenis Pajak/         Total/ Amounts            Total
               untuk Pengalihan Hak Tagihan Nomor 49 oleh                         Number 49 by Christina Susanto, SH., M.Kn.,                                             Type of       Date of Letter         Type of Tax                              dibayarkan/Amou
                                                                                                                                                   Surat Pajak/            Letter                                                                           nts Paid
               Christina Susanto, SH., M.Kn., Notaris di Jakarta                  Notary in Jakarta.
                                                                                                                                                   Tax Letters
               Pengalihan Dokumen Utang BLS BDFK Limited                          Transfer of BDFK Limited's BLS Loan Documents
                                                                                                                                             00004/201/17/012/22        SKPKB          25 April 2022      PPh Pasal 21                     38.594.188             26.861.211
                Pada tanggal 8 Maret 2022, BDFK Limited sebagai                   On 8 March 2022, BDFK Limited as the legal                 00005/201/17/012/22        SKPKB          25 April 2022      PPh Pasal 21                     38.594.188             20.887.907
                                                                                                                                             00006/201/17/012/22        SKPKB          25 April 2022      PPh Pasal 21                     38.594.188                      -
                pemilik sah dari hak, kepemilikan, kepentingan,                   owner of rights, title, interests and benefits
                                                                                                                                             00007/201/17/012/22        SKPKB          25 April 2022      PPh Pasal 21                     38.594.188                      -
                dan manfaat berdasarkan Dokumen Utang BLS,                        under BLS Loan Documents, issued a                         00008/201/17/012/22        SKPKB          25 April 2022      PPh Pasal 21                    342.430.339            162.600.429
                memberikan Surat pemberitahuan mengenai                           notification letter regarding the transfer of BLS          00009/201/17/012/22        SKPKB          25 April 2022      PPh Pasal 21                    349.763.084            114.678.958
                pengalihan Dokumen Utang BLS:                                     Loan Documents:                                            00010/201/17/012/22        SKPKB          25 April 2022      PPh Pasal 21                    301.150.006                600.500
                                                                                                                                             00011/201/17/012/22        SKPKB          25 April 2022      PPh Pasal 21                    345.280.236                      -
                                                                                                                                             00012/201/17/012/22        SKPKB          25 April 2022      PPh Pasal 21                    534.603.073                427.880
                •   BDFK Limited telah mengalihkan seluruh hak,
                                                                              •     BDFK Limited have assigned all of their                  00003/203/17/012/22        SKPKB          25 April 2022      PPh Pasal 23                     91.180.281             70.390.567
                    kepemilikan, kepentingan dan manfaat                                                                                     00006/203/17/012/22        SKPKB          25 April 2022      PPh Pasal 23                     40.199.012             31.033.368
                    kepada PT Permata Bintang Millenia secara                       rights, title, interest and benefit to PT
                                                                                                                                             00013/240/17/012/22        SKPKB          25 April 2022      PPh Final Pasal 4(2)            336.061.529                      -
                    efektif berlaku sejak 8 Maret 2022.                             Permata Bintang Millenia with effect from 8              00014/240/17/012/22        SKPKB          25 April 2022      PPh Final Pasal 4(2)             74.819.999             52.074.052
                                                                                    March 2022                                               00015/240/17/012/22        SKPKB          25 April 2022      PPh Final Pasal 4(2)             52.225.907             36.348.766
               Sesuai dengan Pasal 613 Kitab Undang-Undang                                                                                   00016/240/17/012/22        SKPKB          25 April 2022      PPh Final Pasal 4(2)            107.661.054                      -
               Hukum     Perdata,   maka    BDFK    Limited                                                                                  00017/240/17/012/22        SKPKB          25 April 2022      PPh Final Pasal 4(2)             84.069.564             58.511.667
               memberitahukan bahwa seluruh pembayaran PT                         In accordance with Article 613 of the                      00018/240/17/012/22        SKPKB          25 April 2022      PPh Final Pasal 4(2)             54.828.932             38.160.448
                                                                                  Indonesian Civil Code, BDFK Limited notifies               00019/240/17/012/22        SKPKB          25 April 2022      PPh Final Pasal 4(2)             56.489.514             39.316.198
               BLS yang jatuh tempo berdasarkan Dokumen                                                                                      00020/240/17/012/22        SKPKB          25 April 2022      PPh Final Pasal 4(2)            216.154.503                      -
               Utang BLS sejak tanggal 8 Maret 2022 akan                          that all of PT BLS payments due under the BLS
                                                                                                                                             00021/240/17/012/22        SKPKB          25 April 2022      PPh Final Pasal 4(2)             49.225.794             38.001.984
               dilakukan pada rekening PT Permata Bintang                         Loan Documents as of 8 March 2022 shall be                 00002/203/17/012/22        SKPKB          25 April 2022      PPh Pasal 23                         46.984                 46.984
               Millenia.                                                          made to PT Permata Bintang Millenia account.
Page 156
                                                                      These consolidated financial statements are originally                                                                           These consolidated financial statements are originally
                                                                                issued in Indonesian language                                                                                                    issued in Indonesian language

                                            Ekshibit E/145                                                        Exhibit E/145                                               Ekshibit E/146                                                       Exhibit E/146

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                      PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                         PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                  PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                    NOTES TO THE CONSOLIDATED FINANCIAL                                          CATATAN ATAS LAPORAN                                NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                                STATEMENTS                                                     KEUANGAN KONSOLIDASIAN                                            STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                                AS OF DECEMBER 31, 2021 AND                                  TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                            AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                    FOR THE YEAR THEN ENDED                                       YANG BERAKHIR PADA TANGGAL TERSEBUT                                FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)                 (Expressed in Rupiah, unless otherwise stated)                     (Disajikan dalam Rupiah, kecuali dinyatakan lain)             (Expressed in Rupiah, unless otherwise stated)

35.   PERISTIWA SETELAH PERIODE PELAPORAN (Lanjutan)             35. EVENTS AFTER THE REPORTING PERIOD (Continued)                   35. PERISTIWA SETELAH PERIODE PELAPORAN (Lanjutan)           35. EVENTS AFTER THE REPORTING PERIOD (Continued)
      b. Pemeriksaan Pajak (Lanjutan)                                b. Tax Assessment (Continued)                                       b. Pemeriksaan Pajak (Lanjutan)                              b. Tax Assessment (Continued)
        BLS (Lanjutan)                                                   BLS (Continued)
                                                                                                                                           BLS (Lanjutan)                                                 BLS (Continued)
        Pada tanggal 25 April 2022, Perusahaan menerima                  On April 25, 2022, the Company received Tax
        SKPKB pajak penghasilan pasal 21, SKPKB dan STP                  Under payment Assessment Letter (“SKPKB”)                         Pada tanggal 14 Juli 2022, Perusahaan menerima                 On 14 July 2022, the Company received Tax Under
        pajak penghasilan pasal 23, dan SKPKB pajak                      income tax art 21, SKPKB and STP income tax art                   SKPKB dan STP pajak penghasilan pasal 21, SKPKB                payment Assessment Letter (“SKPKB”) and STP
        penghasilan final pasal 4(2) untuk hasil                         23, and SKPKB final tax art 4(2) for 2017 tax                     dan STP pajak penghasilan pasal 23, STP pajak                  income tax art 21, SKPKB and STP income tax art
        pemeriksaan pajak tahun 2017 dengan rincian                      inspection result with details as follows:                        penghasilan pasal 26, SKPKB dan STP pajak                      23, STP income tax art 26, and SKPKB and final
        sebagai berikut: (Lanjutan)                                      (Continued)                                                       penghasilan final pasal 4(2), dan SKPKB dan STP                tax art 4(2), and SKPKB and STP VAT for 2018 tax
                                                                                                                                           pajak pertambahan nilai untuk hasil pemeriksaan                inspection result with details as follows:
                                                                                                                                           pajak tahun 2018 dengan rincian sebagai berikut:
                                   Jenis           Tanggal                                                             Total
                                   Surat/           Surat/                                                          dibayarkan/                                      Jenis           Tanggal                                                            Total
           Surat Pajak/           Type of          Date of             Jenis Pajak/               Total/              Amounts                                        Surat/           Surat/                                                         dibayarkan/
           Tax Letters             Letter           Letter             Type of Tax               Amounts               Paid                   Surat Pajak/          Type of          Date of            Jenis Pajak/               Total/              Amounts
                                                                                                                                              Tax Letters            Letter           Letter            Type of Tax               Amounts               Paid
      00004/203/17/012/22       SKPKB            25 April 2022     PPh Pasal 23                     2.748.312            2.748.312
      00005/203/17/012/22       SKPKB            25 April 2022     PPh Pasal 23                         1.279                1.279       00011/103/18/012/22       STP             14 Juli 2022     PPh Pasal 23                      100.000              100.000
      00007/203/17/012/22       SKPKB            25 April 2022     PPh Pasal 23                     6.729.401            6.729.401       00001/104/18/012/22       STP             14 Juli 2022     PPh Pasal 26                    3.866.085                    -
      00008/203/17/012/22       SKPKB            25 April 2022     PPh Pasal 23                       183.634              183.634       00002/240/18/012/22       SKPKB           14 Juli 2022     PPh Final Pasal 4(2)           74.305.124                    -
      00067/103/17/012/22       STP              25 April 2022     PPh Pasal 23                     2.818.609            2.818.609       00003/240/18/012/22       SKPKB           14 Juli 2022     PPh Final Pasal 4(2)           74.853.197                    -
      00068/103/17/012/22       STP              25 April 2022     PPh Pasal 23                       750.393              750.393       00004/240/18/012/22       SKPKB           14 Juli 2022     PPh Final Pasal 4(2)           82.679.119                    -
      00069/103/17/012/22       STP              25 April 2022     PPh Pasal 23                       100.000              100.000       00005/240/18/012/22       SKPKB           14 Juli 2022     PPh Final Pasal 4(2)           20.057.687                    -
      00070/103/17/012/22       STP              25 April 2022     PPh Pasal 23                     1.513.716            1.513.716       00001/201/18/012/22       SKPKB           14 Juli 2022     PPh Pasal 21                  324.905.119                    -
      00071/103/17/012/22       STP              25 April 2022     PPh Pasal 23                       776.226              776.226       00002/201/18/012/22       SKPKB           14 Juli 2022     PPh Pasal 21                  332.748.139                    -
      00072/103/17/012/22       STP              25 April 2022     PPh Pasal 23                     1.166.456            1.166.456       00003/201/18/012/22       SKPKB           14 Juli 2022     PPh Pasal 21                  358.501.303                    -
      00073/103/17/012/22       STP              25 April 2022     PPh Pasal 23                       134.869              134.869       00004/201/18/012/22       SKPKB           14 Juli 2022     PPh Pasal 21                  390.406.868                    -
      00074/103/17/012/22       STP              25 April 2022     PPh Pasal 23                     2.495.228            2.495.228       00005/201/18/012/22       SKPKB           14 Juli 2022     PPh Pasal 21                  419.947.380                    -
      00075/103/17/012/22       STP              25 April 2022     PPh Pasal 23                     1.741.511            1.741.511       00003/140/18/012/22       STP             14 Juli 2022     PPh Final Pasal 4(2)              100.000              100.000
                                                                                               3.211.726.197          711.100.553        00005/140/18/012/22       STP             14 Juli 2022     PPh Final Pasal 4(2)              796.960              796.960
                                                                                                                                         00006/140/18/012/22       STP             14 Juli 2022     PPh Final Pasal 4(2)              100.000              100.000
        Pada tanggal 14 Juli 2022, Perusahaan menerima                   On 14 July 2022, the Company received Tax Under                 00007/140/18/012/22       STP             14 Juli 2022     PPh Final Pasal 4(2)              100.000              100.000
        SKPKB dan STP pajak penghasilan pasal 21, SKPKB                  payment Assessment Letter (“SKPKB”) and STP                     00008/140/18/012/22       STP             14 Juli 2022     PPh Final Pasal 4(2)              100.000              100.000
        dan STP pajak penghasilan pasal 23, STP pajak                    income tax art 21, SKPKB and STP income tax art                 00009/140/18/012/22       STP             14 Juli 2022     PPh Final Pasal 4(2)              100.000              100.000
        penghasilan pasal 26, SKPKB dan STP pajak                        23, STP income tax art 26, and SKPKB and final                  00010/140/18/012/22       STP             14 Juli 2022     PPh Final Pasal 4(2)              100.000              100.000
        penghasilan final pasal 4(2), dan SKPKB dan STP                  tax art 4(2), and SKPKB and STP VAT for 2018 tax                00011/140/18/012/22       STP             14 Juli 2022     PPh Final Pasal 4(2)              100.000              100.000
        pajak pertambahan nilai untuk hasil pemeriksaan                  inspection result with details as follows:                      00012/140/18/012/22       STP             14 Juli 2022     PPh Final Pasal 4(2)              100.000              100.000
        pajak tahun 2018 dengan rincian sebagai berikut:                                                                                 00064/107/18/012/22       STP             14 Juli 2022     PPN                               418.346              418.346
                                                                                                                                         00065/107/18/012/22       STP             14 Juli 2022     PPN                               509.720              509.720
                                   Jenis           Tanggal                                                             Total
                                                                                                                                         00066/107/18/012/22       STP             14 Juli 2022     PPN                               537.962              537.962
                                   Surat/           Surat/                                                          dibayarkan/
                                                                                                                                         00067/107/18/012/22       STP             14 Juli 2022     PPN                             1.001.941            1.001.941
           Surat Pajak/           Type of          Date of             Jenis Pajak/               Total/              Amounts
                                                                                                                                         00069/107/18/012/22       STP             14 Juli 2022     PPN                               619.078              619.078
           Tax Letters             Letter           Letter             Type of Tax               Amounts               Paid
                                                                                                                                         00070/107/18/012/22       STP             14 Juli 2022     PPN                               261.874              261.874
      00020/203/18/012/22       SKPKB            14 Juli 2022     PPh Pasal 23                    13.117.398                     -       00071/107/18/012/22       STP             14 Juli 2022     PPN                                61.984               61.984
      00021/203/18/012/22       SKPKB            14 Juli 2022     PPh Pasal 23                     7.972.304                     -       00017/203/18/012/22       SKPKB           14 Juli 2022     PPh Pasal 23                    7.972.304                    -
      00022/203/18/012/22       SKPKB            14 Juli 2022     PPh Pasal 23                    21.956.664                     -       00018/203/18/012/22       SKPKB           14 Juli 2022     PPh Pasal 23                    7.972.304                    -
      00023/203/18/012/22       SKPKB            14 Juli 2022     PPh Pasal 23                    21.258.602                     -       00019/203/18/012/22       SKPKB           14 Juli 2022     PPh Pasal 23                   11.872.322                    -
      00024/203/18/012/22       SKPKB            14 Juli 2022     PPh Pasal 23                    16.069.640                     -       00016/203/18/012/22       SKPKB           14 Juli 2022     PPh Pasal 23                    7.972.304                    -
      00001/103/18/012/22       STP              14 Juli 2022     PPh Pasal 23                       100.000               100.000       00004/140/18/012/22       STP             14 Juli 2022     PPh Final Pasal 4(2)              100.000              100.000
      00002/103/18/012/22       STP              14 Juli 2022     PPh Pasal 23                     1.548.571             1.548.571       00068/107/18/012/22       STP             14 Juli 2022     PPN                               663.700              663.700
      00003/103/18/012/22       STP              14 Juli 2022     PPh Pasal 23                     1.134.790             1.134.790       00006/240/18/012/22       SKPKB           14 Juli 2022     PPh Final Pasal 4(2)           60.209.520                    -
      00004/103/18/012/22       STP              14 Juli 2022     PPh Pasal 23                       787.357               787.357       00003/207/18/012/22       SKPKB           14 Juli 2022     PPN                             8.366.902            4.183.451
      00005/103/18/012/22       STP              14 Juli 2022     PPh Pasal 23                       353.700               353.700       00004/207/18/012/22       SKPKB           14 Juli 2022     PPN                            10.194.385            5.097.193
      00006/103/18/012/22       STP              14 Juli 2022     PPh Pasal 23                       318.774               318.774       00005/207/18/012/22       SKPKB           14 Juli 2022     PPN                            10.759.233            5.379.616
      00007/103/18/012/22       STP              14 Juli 2022     PPh Pasal 23                       100.000               100.000       00006/207/18/012/22       SKPKB           14 Juli 2022     PPN                            20.038.818           10.019.409
      00008/103/18/012/22       STP              14 Juli 2022     PPh Pasal 23                       381.782               381.782       00007/207/18/012/22       SKPKB           14 Juli 2022     PPN                            13.273.987            6.636.993
      00009/103/18/012/22       STP              14 Juli 2022     PPh Pasal 23                       800.180               800.180       00008/207/18/012/22       SKPKB           14 Juli 2022     PPN                            12.381.551            6.190.775
      00010/103/18/012/22       STP              14 Juli 2022     PPh Pasal 23                       100.000               100.000       00009/207/18/012/22       SKPKB           14 Juli 2022     PPN                             5.237.462            2.618.731
      00012/103/18/012/22       STP              14 Juli 2022     PPh Pasal 23                       100.000               100.000       00010/207/18/012/22       SKPKB           14 Juli 2022     PPN                             1.239.669              619.834
                                                                                                                                         00001/277/18/012/22       SKPKB           14 Juli 2022     PPN                            12.752.085                    -
Page 157
                                                                   These consolidated financial statements are originally                                                                             These consolidated financial statements are originally
                                                                             issued in Indonesian language                                                                                                      issued in Indonesian language

                                         Ekshibit E/147                                                        Exhibit E/147                                                  Ekshibit E/148                                                      Exhibit E/148

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                    PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                        PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                     PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                                  NOTES TO THE CONSOLIDATED FINANCIAL                                         CATATAN ATAS LAPORAN                                   NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                              STATEMENTS                                                    KEUANGAN KONSOLIDASIAN                                               STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                              AS OF DECEMBER 31, 2021 AND                                 TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                               AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                                  FOR THE YEAR THEN ENDED                                      YANG BERAKHIR PADA TANGGAL TERSEBUT                                   FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)               (Expressed in Rupiah, unless otherwise stated)                    (Disajikan dalam Rupiah, kecuali dinyatakan lain)                (Expressed in Rupiah, unless otherwise stated)

35. PERISTIWA SETELAH PERIODE PELAPORAN (Lanjutan)             35. EVENTS AFTER THE REPORTING PERIOD (Continued)                 35. PERISTIWA SETELAH PERIODE PELAPORAN (Lanjutan)              35. EVENTS AFTER THE REPORTING PERIOD (Continued)

    b. Pemeriksaan Pajak (Lanjutan)                               b. Tax Assessment (Continued)                                     c.   Pengalihan utang DUI                                       c.   DUI debt transfer

      BLS (Lanjutan)                                                  BLS (Continued)                                                    Pada tanggal 10 Januari 2022 Perusahaan dan PT DUI              On January 10, 2022 the Company and PT DUI agreed
                                                                                                                                         sepakat untuk mengakhiri Nota Kesepahaman.                      to terminate the Memorandum of Understanding.
      Pada tanggal 14 Juli 2022, Perusahaan menerima                  On 14 July 2022, the Company received Tax Under
      SKPKB dan STP pajak penghasilan pasal 21, SKPKB                 payment Assessment Letter (“SKPKB”) and STP                        Berdasarkan    perjanjian utang    piutang   antara             Based on the payables agreement between the
      dan STP pajak penghasilan pasal 23, STP pajak                   income tax art 21, SKPKB and STP income tax art                    perusahaan dengan DUI pada tanggal 10 Januari 2022,             company and DUI on January 10, 2022, explaining
      penghasilan pasal 26, SKPKB dan STP pajak                       23, STP income tax art 26, and SKPKB and final                     menjelaskan bahwa sebagai akibat dari pengakhiran               that as a result of the termination of the
      penghasilan final pasal 4(2), dan SKPKB dan STP                 tax art 4(2), and SKPKB and STP VAT for 2018 tax                   Nota Kesepahaman, PT DUI dengan ini mengakui dan                Memorandum of Understanding, PT DUI hereby
      pajak pertambahan nilai untuk hasil pemeriksaan                 inspection result     with details as follows:                     menegaskan bahwa PT DUI memiliki kewajiban untuk                acknowledges and confirms that PT DUI has an
      pajak tahun 2018 dengan rincian sebagai berikut:                (Continued)                                                        melakukan pengambilalihan uang kepada Perusahaan                obligation to take over money from the Company in
      (Lanjutan)                                                                                                                         sebesar Rp 8.233.500.000                                        the amount of Rp 8,233,500,000

                                  Jenis           Tanggal                                                           Total                Pada tanggal 25 Maret 2022 berdasarkan perjanjian               On March 25, 2022 based on the transfer agreement
                                  Surat/           Surat/                                                        dibayarkan/             pengalihan antara Perusahaan dengan PT Vetira                   between the Company and PT Vetira Indonesia, the
           Surat Pajak/          Type of          Date of             Jenis Pajak/              Total/             Amounts               Indonesia, Perusahaan setuju mengalihkan seluruh hak            Company agreed to transfer all of its rights and
           Tax Letters            Letter           Letter             Type of Tax              Amounts              Paid                 dan kewajibannya dalam perjanjian Utang Piutang                 obligations in the Payables agreement with DUI to
                                                                                                                                         dengan DUI kepada PT Vetira Indonesia, harga                    PT Vetira Indonesia, the transfer price of
      00007/240/18/012/22        SKPKB          14 Juli 2022      PPh Final Pasal 4(2)        114.459.642                    -           pengalihan sebesar Rp 4.923.605.920. Hak dan                    Rp 4,923,605,920. Rights and obligations of accounts
      00008/240/18/012/22        SKPKB          14 Juli 2022      PPh Final Pasal 4(2)        102.884.490                    -           kewajiban utang piutang dapat dialihkan tanpa                   payable can be transferred without the approval of
      00009/240/18/012/22        SKPKB          14 Juli 2022      PPh Final Pasal 4(2)         24.957.821                    -           persetujuan dari PT DUI.                                        PT DUI.
      00010/240/18/012/22        SKPKB          14 Juli 2022      PPh Final Pasal 4(2)        123.299.965                    -
      00001/140/18/012/22        STP            14 Juli 2022      PPh Final Pasal 4(2)          4.806.057                    -      d.   Investasi di PT BNH                                        d.   Invetsment in PT BNH
      00002/140/18/012/22        STP            14 Juli 2022      PPh Final Pasal 4(2)            100.000              100.000
      00006/201/18/012/22        SKPKB          14 Juli 2022      PPh Pasal 21                400.315.018                    -           Dalam surat tertanggal 3 Februari 2023 yang ditujukan           In a letter dated February 3, 2023 addressed to BNH,
      00007/201/18/012/22        SKPKB          14 Juli 2022      PPh Pasal 21                398.122.836                    -           kepada BNH, Perusahaan menyatakan bahwa                         the Company stated that based on the information
      00008/201/18/012/22        SKPKB          14 Juli 2022      PPh Pasal 21                331.126.951                    -           berdasarkan informasi dari Direktorat Jenderal                  from The Directorate General of Laws Administration
      00009/201/18/012/22        SKPKB          14 Juli 2022      PPh Pasal 21                391.348.642                    -           Administrasi Hukum Umum pada Kementerian Hukum                  from the Ministry of Laws and Human Rights, the
      00010/201/18/012/22        SKPKB          14 Juli 2022      PPh Pasal 21                397.523.188                    -           dan Hak Asasi Manusia, terjadi perubahan kepemilikan            change in the ownership in BNH took place
      00011/201/18/012/22        SKPKB          14 Juli 2022      PPh Pasal 21                356.058.900          153.419.650           di BNH dimana PT Abadi Prakarsa Mulia Perkasa                   wherebyPT Abadi Prakarsa Mulia Perkasa (APMS) has
      00012/201/18/012/22        SKPKB          14 Juli 2022      PPh Pasal 21                450.389.247          255.225.287           (APMS) telah membeli 105.000 saham BNH milik                    purchased the 105.000 shares of BNH owned by the
      00118/101/18/012/22        STP            14 Juli 2022      PPh Pasal 21                    100.000              100.000           Perusahaan dari BAGI berdasarkan dokumen gadai                  Company from BAGI based on shares pledge
      00119/101/18/012/22        STP            14 Juli 2022      PPh Pasal 21                    100.000              100.000           saham yang dimiliki BAGI, dan selanjutnya PT Vetira             documents that BAGI holds, and afterwards,
      00120/101/18/012/22        STP            14 Juli 2022      PPh Pasal 21                    100.000              100.000           Perkasa Mulia membeli saham milik APMS di BNH.                  PT Vetira Perkasa Mulia has purchased the shares
      00121/101/18/012/22        STP            14 Juli 2022      PPh Pasal 21                    100.000              100.000           Meskipun BAGI mengklaim adanya dokumen gadai                    owned by APMS in BNH. While BAGI claimed the
      00122/101/18/012/22        STP            14 Juli 2022      PPh Pasal 21                    100.000              100.000           saham tersebut, Perusahaan telah menyatakan bahwa               existence of the shares pledge document, the
      00123/101/18/012/22        STP            14 Juli 2022      PPh Pasal 21                    100.000              100.000           mereka tidak pernah melihat dokumen tersebut dan                Company has stated that they never saw such
      00124/101/18/012/22        STP            14 Juli 2022      PPh Pasal 21                    100.000              100.000           meminta salinan dokumen dari BNH. Tanpa melihat                 documents and requested copies of such document
      00125/101/18/012/22        STP            14 Juli 2022      PPh Pasal 21                    100.000              100.000           dokumen gadai saham, Perusahaan menganggap                      from BNH. Without seeing the shares pledge
      00126/101/18/012/22        STP            14 Juli 2022      PPh Pasal 21                    100.000              100.000           pengalihan saham milik Perusahaan kepada APMS                   documents, the Company considers the transfer of
      00127/101/18/012/22        STP            14 Juli 2022      PPh Pasal 21                    100.000              100.000           masih dalam perselisihan.                                       shares owned by the Company to APMS is still in
      00128/101/18/012/22        STP            14 Juli 2022      PPh Pasal 21                    100.000              100.000                                                                           dispute.
      00129/101/18/012/22        STP            14 Juli 2022      PPh Pasal 21                    100.000              100.000
      00011/103/18/012/22        STP            14 Juli 2022      PPh Pasal 23                    100.000              100.000
      00013/203/18/012/22        SKPKB          14 Juli 2022      PPh Pasal 23                 19.538.984                    -
      00014/203/18/012/22        SKPKB          14 Juli 2022      PPh Pasal 23                  7.972.304                    -
      00001/277/18/012/22        SKPKB          14 Juli 2022      PPN                          12.752.085                    -
      00015/203/18/012/22        SKPKB          14 Juli 2022      PPh Pasal 23                  7.972.304                    -

                                                                                            5.496.560.543          462.287.658
Page 158
                                                                    These consolidated financial statements are originally                                                                       These consolidated financial statements are originally
                                                                              issued in Indonesian language                                                                                                issued in Indonesian language

                                         Ekshibit E/149                                                         Exhibit E/149                                             Ekshibit E/150                                                      Exhibit E/150

  PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                 PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES                         PT BUKIT ULUWATU VILLA TBK DAN ENTITAS ANAK                  PT BUKIT ULUWATU VILLA TBK AND SUBSIDIARIES
               CATATAN ATAS LAPORAN                               NOTES TO THE CONSOLIDATED FINANCIAL                                          CATATAN ATAS LAPORAN                                NOTES TO THE CONSOLIDATED FINANCIAL
              KEUANGAN KONSOLIDASIAN                                           STATEMENTS                                                     KEUANGAN KONSOLIDASIAN                                            STATEMENTS
   TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                           AS OF DECEMBER 31, 2021 AND                                  TANGGAL 31 DESEMBER 2021 DAN UNTUK TAHUN                            AS OF DECEMBER 31, 2021 AND
      YANG BERAKHIR PADA TANGGAL TERSEBUT                               FOR THE YEAR THEN ENDED                                       YANG BERAKHIR PADA TANGGAL TERSEBUT                                FOR THE YEAR THEN ENDED
  (Disajikan dalam Rupiah, kecuali dinyatakan lain)            (Expressed in Rupiah, unless otherwise stated)                     (Disajikan dalam Rupiah, kecuali dinyatakan lain)             (Expressed in Rupiah, unless otherwise stated)

35. PERISTIWA SETELAH PERIODE PELAPORAN (Lanjutan)          35. EVENTS AFTER THE REPORTING PERIOD (Continued)                   35. PERISTIWA SETELAH PERIODE PELAPORAN (Lanjutan)          35. EVENTS AFTER THE REPORTING PERIOD (Continued)

    Entitas Anak - BLV                                          Subsidiary - BLV                                                   Entitas Anak - DGC                                          Subsidiary – DGC

    Rapat Umum Pemegang Saham Luar Biasa                        Extraordinary General Meeting of Shareholders                      Berdasarkan surat pemberitahuan pelaksanaan lelang          Based     on    the    notification  letter for  the
                                                                                                                                   dari PT Bank CIMB Niaga Tbk, dijelaskan bahwa akan          implementation of the auction from PT Bank CIMB
    Pada tanggal 18 Februari 2022, telah dibuat Akta            On February 18, 2022, the Deed of Statement of                     dilaksanakan lelang secara online terkait dengan Tanah      Niaga Tbk, it was explained that an online auction
    Pernyataan Keputusan Para Pemegang Saham sebagai            Shareholders' Decisions was made in lieu of the                    dan Bangunan SHGB 676/Pegambiran Luas tanah                 would be held in relation to Land and Building SHGB
    pengganti rapat umum pemegang saham luar biasa,             extraordinary general meeting of shareholders, with                3.594M yang tercatat atas nama PT Dialog Grage              676/Pegambiran with a land area of 3,594M which was
    dengan hasil sebagai berikut:                               the following results:                                             Cirebon. Surat tersebut diterbitkan karena DGC tidak        registered in the name of PT Dialog Grage Cirebon.
    - Menyetujui untuk memberhentikan Almarhum John             - Approved to dismiss the late John Daniel Rasjad as               dapat membayar kewajibannya kepada PT Bank CIMB             The letter was issued because DGC was unable to pay
       Daniel Rasjad sebagai Komisaris Perseroan, yang             Commissioner of the Company, who has passed                     Niaga Tbk.                                                  its obligations to PT Bank CIMB Niaga Tbk.
       telah meninggal dunia dan oleh karenanya masa               away and therefore his term of office as
       jabatannya sebagi Komisaris perseroan berakhir,             Commissioner of the company has ended, in
                                                                                                                                   Entitas Anak - DMS                                          Subsidiary – DMS
       sesuai dengan Pasal 11 ayat (7) huruf (c) Anggaran          accordance with Article 11 paragraph (7) letter (c)
       Dasar perseroan terhitung sejak tanggal 23 Mei              of the Company's Articles of Association as of May
                                                                   23, 2021 and releases and release the deceased as               Pada tanggal 23 September 2022, sesuai dengan Akta          On September 23, 2022, in accordance with the Deedof
       2021 dan membebaskan serta melepaskan                                                                                       Pernyataan keputusan rapat para pemegang saham              Statement of resolutions of the meeting of
                                                                   a Commissioner of the company for supervisory
       Almarhum tersebut sebagai Komisaris perseroan                                                                               PT Mitra Banyuwangi Selaras, No. 18 yang dibuat oleh        shareholders of PT Mitra Banyuwangi Selaras, No. 18
                                                                   actions.
       atas tindakan pengawasan.                                                                                                   Notaris Veronica Retnowati Sugandy, S.H dimana akta         drawn up by Notary Veronica Retnowati Sugandy, S.H.
                                                                                                                                   ini telah mendapatkan persetujuan Menteri Hukum dan         whereby this deed has been approved by the Minister
                                                                                                                                   Hak Asasi Manusia Republik Indonesia berdasarkan            of Laws and Human Rights of the Republic of Indonesia
    -   Menyetujui untuk memberhentikan secara hormat           -     Agreed to honorably dismiss Mr. Franky
                                                                                                                                   surat No. AHU-0068890.AH.01.02.TAHUN 2022 tanggal           based on letter No. AHU-0068890.AH.01.02.TAHUN
        Tuan Franky Tjahyadikarta dan Tuan Hendry                     Tjahyadikarta and Mr. Hendry Utomo, respectively
                                                                                                                                   23 September 2022, memutuskan untuk menyetujui              2022 dated 23 September 2022, decided to approve the
        Utomo, masing-masing selaku Direktur Utama dan                as President Director and Director of the Company
                                                                                                                                   peningkatan modal disetor dari Rp30.670.000.000             increase in paid-in capital from Rp30,670,000,000 to
        Direktur Perseroan serta Tuan Okie Rehardi Lukita             and Mr. Okie Rehardi Lukita as Commissioner of
                                                                                                                                   menjadi     Rp110.814.000.000    sehingga    susunan        Rp110,814,000,000 so that the composition of the
        selaku Komisaris Perseroan sekaligus memberikan               the Company while simultaneously granting full
                                                                                                                                   pemegang saham PT Mitra Banyuwangi Selaras                  shareholders of PT Mitra Banyuwangi Selaras becomes:
        pembebasan dan pelunasan sepenuhnya atas                      release and settlement of the management and
                                                                                                                                   menjadi:
        pengurusan dan pengawasannya tersebut untuk                   supervision for the term of office from
                                                                      30 September 2016 to September 30, 2021.
        periode masa jabatan dari tanggal 30 September                                                                             a.   PT Intijaya Kreasiperkasa pemilik/pemegang             a. PT Intijaya Kreasiperkasa owner/holder of 75,335
        2016 sampai dengan 30 September 2021                                                                                            75.335 saham dengan nilai nominal sebesar                 shares with a nominal value of IDR 75,335,000,000 or
                                                                                                                                        Rp75.335.000.000 atau sebesar 67,98%.                     67.98%.
    -   Menunjuk dan mengangkan kembali anggota Direksi         -     Appoint and reappoint members of the Board of                b.   PT Dialog Mitra Sukses pemilik/pemegang 35.479         b. PT Dialog Mitra Sukses is the owner/holder of 35,479
        dan Dewan Komisaris perseroan untuk masa                      Directors and Board of Commissioners of the                       saham     dengan     nilai   nominal   sebesar            shares with a nominal value of IDR35,479,000,000 or
        jabatan selama 5 (lima) tahun untuk periode                   company for a term of office of 5 (five) years for                Rp35.479.000.000 atau sebesar 32,02%.                     32.02%.
        tanggal 20 September 2021 sampai dengan tanggal               the period from September 20, 2021 to
        30 September 2026 dengan susunan sebagai                      September 30, 2026 with the following                        Sehingga seluruhnya berjumlah 110.814 lembar saham          So   that   the    total       is    110,814      shares   or
        berikut:                                                      composition:                                                 atau sebesar Rp110.814.000.000.                             Rp110,814,000,000.

        Direktur Utama   : Franky Tjahyadikarta                       President Director             : Franky Tjahyadikarta
        Direktur         : Hendry Utomo                               Director                      : Hendry Utomo
        Komisaris        : Okie Rehardi Lukita                        Commissioner                  : Okie Rehardi Lukita

        Menyetujui untuk mengesahkan seluruh tindakan                 Approved to ratify all actions taken by all
        yang dilakukan seluruh Direktur dan Komisaris                 Directors and Commissioners of the Company from
        Perseroan sejak tanggal 30 September 2021 sampai              September 30, 2021 until the effective date of the
        dengan tanggal efektifnya Keputusan Sirkuler Para             Circular Decision of the Shareholders, so that all
        Pemegang Saham, sehingga seluruh tindakan                     actions of the Directors and Commissioners of the
        Direktur dan Komisaris Perseroan pada periode                 Company during that period are binding on the
        tersebut mengikat perseroan.                                  company.
Page 159
                                                                 Tel     : +62-22.8778 6727                 Tanubrata Sutanto Fahmi Bambang & Rekan
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                                                                                                            Paskal Hyper Square B 62
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                                                                 Tel : +62-21.5795 7300                     Head Office
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                                                                                            These report are originally issued in Indonesian language
                                                                                                                                                                     Tanggung jawab auditor (Lanjutan)                                                     Auditors’ responsibility (Continued)

                                                                                                                                                                     Suatu audit melibatkan pelaksanaan prosedur untuk                                     An audit involves performing procedures to obtain
No.      : 00004/3.0332/AU.1/10/0643-2/1/III/2023                                   No.     : 00004/3.0332/AU.1/10/0643-2/1/III/2023                                 memperoleh bukti audit tentang angka-angka dan                                        audit evidence about the amounts and disclosures in
Hal      : Laporan Keuangan Konsolidasian                                           Re      : Consolidated Financial Statements                                      pengungkapan dalam laporan keuangan. Prosedur yang                                    the financial statements. The procedures selected
           31 Desember 2021                                                                   December 31, 2021                                                      dipilih bergantung pada pertimbangan auditor,                                         depend on the auditors’ judgment, including the
                                                                                                                                                                     termasuk penilaian atas risiko kesalahan penyajian                                    assessment of the risks of material misstatement of the
                                                                                                                                                                     material dalam laporan keuangan, baik yang disebabkan                                 financial statements, whether due to fraud or error. In
                   Laporan Auditor Independen                                                           Independent Auditors’ Report                                 oleh kecurangan maupun kesalahan. Dalam melakukan                                     making those risk assessments, the auditors consider
                                                                                                                                                                     penilaian risiko tersebut, auditor mempertimbangkan                                   internal control relevant to the entity’s preparation
                                                                                                                                                                     pengendalian internal yang relevan dengan penyusunan                                  and fair presentation of the financial statements in
Pemegang Saham, Dewan Komisaris                                                       The Shareholders, Boards of Commissioners                                      dan penyajian wajar laporan keuangan entitas untuk                                    order to design audit procedures that are appropriate
dan Direksi                                                                           and Directors                                                                  merancang prosedur audit yang tepat sesuai dengan                                     in the circumstances, but not for the purpose of
PT Bukit Uluwatu Villa Tbk                                                            PT Bukit Uluwatu Villa Tbk                                                     kondisinya, tetapi bukan untuk tujuan menyatakan                                      expressing an opinion on the effectiveness of the
Jakarta                                                                               Jakarta                                                                        opini atas keefektivitasan pengendalian internal                                      entity’s internal control. An audit also includes
                                                                                                                                                                     entitas. Suatu audit juga mencakup pengevaluasian                                     evaluating the appropriateness of accounting policies
                                                                                                                                                                     atas ketepatan kebijakan akuntansi yang digunakan dan                                 used and the reasonableness of accounting estimates
Kami telah mengaudit laporan keuangan konsolidasian                                   We have audited the accompanying consolidated                                  kewajaran estimasi akuntansi yang dibuat oleh                                         made by management, as well as evaluating the overall
PT Bukit Uluwatu Villa Tbk (“Perusahaan”) dan Entitas                                 financial statements of PT Bukit Uluwatu Villa Tbk                             manajemen, serta pengevaluasian atas penyajian                                        presentation of the financial statements.
Anak, yang terdiri dari laporan posisi keuangan                                       (“Company”) and Subsidiaries, which comprise the                               laporan keuangan secara keseluruhan.
konsolidasian tanggal 31 Desember 2021, serta laporan                                 consolidated statement of financial position as of
laba-rugi dan penghasilan komprehensif lain, laporan                                  December 31, 2021, and the consolidated statements of                          Kami yakin bahwa bukti audit yang telah kami peroleh                                  We believe that the audit evidence we have obtained is
perubahan ekuitas, dan laporan arus kas konsolidasian                                 profit or loss and comprehensive income, changes in                            adalah cukup dan tepat untuk menyediakan suatu basis                                  sufficient and appropriate to provide a basis for our
untuk tahun yang berakhir pada tanggal tersebut, dan                                  equity, and cash flows for the year then ended, and a                          bagi opini audit kami.                                                                audit opinion.
suatu ikhtisar kebijakan akuntansi signifikan dan                                     summary of significant accounting policies and other
informasi penjelasan lainnya                                                          explanatory information.                                                       Opini                                                                                 Opinion

Tanggung jawab manajemen atas laporan keuangan                                        Management’s              responsibility          for        the   financial   Menurut opini kami, laporan keuangan konsolidasian                                    In our opinion, the accompanying consolidated financial
                                                                                      statements                                                                     terlampir menyajikan secara wajar, dalam semua hal                                    statements present fairly, in all material respects, the
                                                                                                                                                                     yang    material,   posisi  keuangan    konsolidasian                                 consolidated financial position of PT Bukit Uluwatu
Manajemen bertanggung jawab atas penyusunan dan                                       Management is responsible for the preparation and fair                         PT Bukit Uluwatu Villa Tbk dan Entitas Anak tanggal                                   Villa Tbk and Subsidiaries as of December 31, 2021, and
penyajian wajar laporan keuangan konsolidasian ini                                    presentation of such consolidated financial statements                         31 Desember 2021, serta kinerja keuangan dan arus kas                                 their consolidated financial performance and cash
sesuai dengan Standar Akuntansi Keuangan di Indonesia,                                in accordance with Indonesian Financial Accounting                             konsolidasiannya untuk tahun yang berakhir pada                                       flows for the year then ended, in accordance with
dan atas pengendalian internal yang dianggap perlu                                    Standards, and for such internal control as                                    tanggal tersebut, sesuai dengan Standar Akuntansi                                     Indonesian Financial Accounting Standards.
oleh manajemen untuk memungkinkan penyusunan                                          management determines is necessary to enable the                               Keuangan di Indonesia.
laporan keuangan konsolidasian yang bebas dari                                        preparation of consolidated financial statements that
kesalahan penyajian material, baik yang disebabkan                                    are free from material misstatement, whether due to
oleh kecurangan maupun kesalahan.                                                     fraud or error.

Tanggung jawab auditor                                                                Auditors’ responsibility

Tanggung jawab kami adalah untuk menyatakan suatu                                     Our responsibility is to express an opinion on such
opini atas laporan keuangan konsolidasian ini                                         consolidated financial statements based on our audit.
berdasarkan audit kami. Kami melaksanakan audit kami                                  We conducted our audit in accordance with Standards
berdasarkan Standar Audit yang ditetapkan oleh Institut                               on Auditing established by the Indonesian Institute of
Akuntan Publik Indonesia.           Standar tersebut                                  Certified Public Accountants. Those standards require
mengharuskan kami untuk mematuhi ketentuan etika                                      that we comply with ethical requirements and plan and
serta merencanakan dan melaksanakan audit untuk                                       perform the audit to obtain reasonable assurance about
memperoleh keyakinan memadai tentang apakah                                           whether the consolidated financial statements are free
laporan keuangan konsolidasian bebas dari kesalahan                                   from material misstatement.
penyajian material.




TANUBRATA SUTANTO FAHMI BAMBANG & REKAN                                                                                                                              TANUBRATA SUTANTO FAHMI BAMBANG & REKAN
Tanubrata Sutanto Fahmi Bambang & Rekan (Certified Public Accountant), an Indonesian partnership, is a member of BDO International Limited, a UK                     Tanubrata Sutanto Fahmi Bambang & Rekan (Certified Public Accountant), an Indonesian partnership, is a member of BDO International Limited, a UK
company limited by guarantee, and forms part of the international BDO network of Independent member firms.                                                           company limited by guarantee, and forms part of the international BDO network of Independent member firms.
Page 160
                                                                  Halaman 3                                                                        Page 3


Penekanan suatu hal                                                                   Emphasis of matter

Kami membawa perhatian ke Catatan 34 atas laporan                                     We draw attention to Note 34 to the accompanying
keuangan konsolidasian terlampir yang mengindikasikan                                 consolidated financial statements which indicate that
bahwa Grup mengalami kerugian tahun berjalan                                          the Group incurred loss for the year amounting
sebesar Rp361.011.690.496 dan defisit sebesar                                         to     Rp361,011,690,496      and     a     deficit     of
Rp1.199.300.740.082 pada tanggal 31 Desember 2021.                                    Rp1,199,300,740,082 as of December 31, 2021. These
Kondisi ini menunjukkan ketidakpastian material yang                                  conditions indicate the existence of a material
dapat menimbulkan keraguan signifikan mengenai                                        uncertainty that may cast significant doubt about the
kemampuan Grup untuk mempertahankan kelangsungan                                      Group’s ability to continue as a going concern.
usahanya. Rencana-rencana manajemen sehubungan                                        Management’s plans in relation to these matters are
dengan hal tersebut juga diungkapkan dalam Catatan                                    also disclosed in Note 34. Our opinion is not qualified in
34. Opini kami tidak dimodifikasi sehubungan dengan                                   respect of this matter.
hal tersebut.



                                                          Kantor Akuntan Publik
                                                TANUBRATA SUTANTO FAHMI BAMBANG & Rekan




                                                                     Bambang Budi Tresno
                                                                        NIAP. AP. 0643/
                                                                     License No. AP. 0643

                                                                   6 Maret /March 6, 2023
                                                                          MJP/nre




TANUBRATA SUTANTO FAHMI BAMBANG & REKAN
Tanubrata Sutanto Fahmi Bambang & Rekan (Certified Public Accountant), an Indonesian partnership, is a member of BDO International Limited, a UK
company limited by guarantee, and forms part of the international BDO network of Independent member firms.
Page 161
2021                  Laporan Tahunan
                      Annual Report




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