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Page 1
PT INDAL ALUMINIUM INDUSTRY Tbk
  DAN ENTITAS ANAK /
  AND ITS SUBSIDIARIES
Laporan Keuangan Konsolidasian
Untuk Periode Yang Berakhir Tanggal 30 Juni 2023 dan
31 Desember 2022
Consolidated Financial Statements
For the periods ended June 30, 2023 and December 31, 2022

Serta Untuk Periode Enam Bulan Yang Berakhir Tanggal
30 Juni 2023 dan 2022
With For the six-month periods ended June 30, 2023 and 2022
Page 2

          
Page 3
                                       Daftar isi I / Table of contents


                                                                              Halaman / Page

Laporan Keuangan Konsolidasian / Consolidated Financial Statements


Laporan Posisi Keuangan Konsolidasian /
   Consolidated Statements of Financial Oosition                                  1–3


Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian /
   Consolidated Statements of Profit or Losis and Other Comprehensve Income       4–5


Laporan Perubahan Ekuitas Konsolidasian /
   Consolidated Statements of Changes in Equity                                     6


Laporan Arus Kas Konsolidasian /
   Consolidated Statements of Cash Flows                                            7


Catatan Atas Laporan Keuangan Konsolidasian /
   Notes to Consolidated Financial Statements                                    8 – 105
Page 4
PT INDAL ALUMINIUM INDUSTRY Tbk                                                 PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                              AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN                                                            CONSOLIDATED STATEMENTS OF
KONSOLIDASIAN                                                                                    FINANCIAL POSITION
Per 30 Juni 2023 dan 31 Desember 2022                                       As of June 30, 2023 and December 31, 2022
                                                                 0                    0
(Disajikan dalam Rupiah)                                                                          (Expressed in Rupiah)
                                                                         31 Des 2022 /
                                    Catatan /       30 Juni 2023 /       Dec 31, 2022
                                      Notes         June 30, 2023            (Audited)
ASET                                                                                                         ASSETS
ASET LANCAR                                                                                         CURRENT ASSETS
Kas dan                                                                                                      Cash and
  setara kas          2d,2e,2h,2y,4,38,39,41       47.478.282.422      84.163.401.315                cash equivalents
Saldo bank yang dibatasi
  penggunaannya             2d,2f,2h,5,38,39       12.945.139.901      16.880.493.685         Restricted bank accounts
Investasi jangka pendek     2d,2g,2h,6,38,39       11.292.714.377      17.722.992.480            Short-term investments
Piutang usaha                                                                                      Accounts receivable
  Pihak ketiga, neto         2d,2h,2i,7,38,39     237.470.567.282     202.013.586.505                Third parties, net
  Pihak berelasi             2h,2i,2y,8,38,41         982.256.373      16.801.246.210                   Related parties
Piutang retensi                    2h,2j,9,38      78.451.042.534      96.451.218.972             Retentions receivable
Tagihan bruto kepada                                                                               Gross amount due to
  pemberi kerja, neto            2h,2k,10,38      152.299.059.327     135.550.105.814                   customers, net
Piutang lain-lain                                                                                     Other receivables
  Pihak ketiga, neto                2h,11,38           46.774.697         701.494.371                Third parties, net
  Pihak berelasi        2d,2h,2y,11,38,39,41        1.236.618.583         486.999.551                   Related parties
Persediaan, neto                         2l,12    462.978.363.362     546.614.177.557                    Inventories, net
Pajak dibayar dimuka                   2t,25a      20.500.481.798      26.025.771.538                      Prepaid taxes
Uang muka pembelian,                                                                                Advance payments,
  bagian lancar                             13     25.692.417.315      17.824.930.904                   current portion
Beban dibayar dimuka                   2m,14        1.545.821.699       3.599.602.494                 Prepaid expenses
Piutang pajak, bagian lancar           2t,25b      39.647.590.663      30.906.453.950    Taxes receivable,curent portion
JUMLAH ASET LANCAR                               1.092.567.130.333   1.195.742.475.346      TOTALCURRENT ASSETS
ASET TIDAK LANCAR                                                                            NON-CURRENT ASSETS
Uang muka pembelian,                                                                               Advance payments,
 bagian tidak lancar                       13      24.817.690.630      18.550.419.837             non-current portion
Properti investasi, neto               2o,15       35.283.672.535      36.314.615.491         Investment property, net
Aset tetap, neto                       2n,16      278.734.467.099     287.678.804.531                Fixed assets, net
Aset hak guna, neto             2u,2y,17a,41        1.611.838.325       2.149.117.769          Right of use assets, net
Aset pajak tangguhan                   2t,25d      12.669.299.027      12.769.019.532              Deferred tax assets
Aset tak berwujud                          2p         122.314.070         122.314.070                 Intangible assets
Uang jaminan                               18       1.403.743.716       1.469.207.652                Security deposits
JUMLAH                                                                                                          TOTAL
 ASET TIDAK LANCAR                                354.643.025.402     359.053.498.882       NON CURRENT ASSETS

JUMLAH ASET                                      1.447.210.155.735   1.554.795.974.228                 TOTAL ASSETS




Lihat catatan atas laporan keuangan konsolidasian                      See accompanying notes to consolidated financial
yang merupakan bagian yang tidak terpisahkan                                  statements, which form an integral part of
dari laporan keuangan konsolidasian ini.                                          the consolidated financial statements.




                                                          1
Page 5
PT INDAL ALUMINIUM INDUSTRY Tbk                                                 PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                              AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN                                                            CONSOLIDATED STATEMENTS OF
KONSOLIDASIAN (lanjutan)                                                             FINANCIAL POSITION (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                       As of June 30, 2023 and December 31, 2022

(Disajikan dalam Rupiah)                                                                          (Expressed in Rupiah)
                                                                         31 Des 2022 /
                                   Catatan /        30 Juni 2023 /       Dec 31, 2022
                                     Notes          June 30, 2023            (Audited)

LIABILITAS DAN EKUITAS                                                                       LIABILITIES AND EQUITY
LIABILITAS LANCAR                                                                               CURRENT LIABILITIES
Pinjaman bank                                                                                              Short-term
  jangka pendek                2d,2h,19,38,39    738.903.260.649      832.485.225.762               bank borrowings
Utang usaha                                                                                         Accounts payable
  Pihak ketiga                 2d,2h,20,38,39    172.541.381.654      129.244.370.844                  Third parties
  Pihak-pihak
    berelasi             2d,2h,2y,21,38,39,41      5.083.559.299       10.886.490.815                 Related parties
Utang pajak                            2t,25c      6.220.659.215        5.153.564.705                   Taxes payable
Beban yang masih harus dibayar 2h,22,38           89.686.010.619       87.075.298.530               Accrued expenses
Uang muka pelanggan                     2q,23    119.242.695.937      127.335.244.433          Advance from customers
Bagian liabilitas jangka panjang
  yang jatuh tempo                                                                            Current maturity portion of
  dalam waktu satu tahun                                                                           long-term liabilities
    Liabilitas sewa       2h,2u,2y,17b,38,41        1.254.513.257       1.193.577.187                Lease liabilities
Utang lain-lain                                                                                         Other payables
  Pihak ketiga                       2h,24,38         227.812.491          21.953.796                    Third parties
  Pihak berelasi         2d,2h,2y,24,38,39,41           -                 170.951.017                   Related party
JUMLAH                                                                                                      TOTAL
 LIABILITAS LANCAR                              1.133.159.893.121    1.193.566.677.089        CURRENT LIABILITIES

LIABILITAS TIDAK LANCAR                                                                   NON-CURRENT LIABILITIES
Liabilitas jangka panjang, setelah
  dikurangi bagian yang jatuh                                                                 Long-term liabilities, net of
  tempo dalam satu tahun                                                                       current maturity portion
    Liabilitas sewa        2h,2u,2y,17b,38,41          64.047.057       1.318.560.314                Lease liabilities
Liabilitas diestimasi atas                                                                       Estimated liabilities for
  imbalan kerja karyawan                2s,37     62.428.032.262       62.428.032.262              employees benefits

JUMLAH LIABILITAS                                                                              TOTAL NON-CURRENT
 TIDAK LANCAR                                     62.492.079.319       63.746.592.576                    LIABILITIES

JUMLAH LIABILITAS                               1.195.651.972.440    1.257.313.269.665             TOTAL LIABILITIES




Lihat catatan atas laporan keuangan konsolidasian                      See accompanying notes to consolidated financial
yang merupakan bagian yang tidak terpisahkan                                  statements, which form an integral part of
dari laporan keuangan konsolidasian ini.                                          the consolidated financial statements.




                                                          2
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                 PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                              AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN                                                            CONSOLIDATED STATEMENTS OF
KONSOLIDASIAN (lanjutan)                                                             FINANCIAL POSITION (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                       As of June 30, 2023 and December 31, 2022

(Disajikan dalam Rupiah)                                                                             (Expressed in Rupiah)
                                                                         31 Des 2022 /
                                 Catatan /          30 Juni 2023 /       Dec 31, 2022
                                   Notes            June 30, 2023           ( Audited)

EKUITAS                                                                                                             EQUITY
Ekuitas                                                                                                           Equity
 yang dapat diatribusikan kepada                                                                        attributable to
 Pemilik Entitas Induk                                                                           Owners of the Parent
Modal saham - nilai nominal                                                                  Capital stock - nominal value
 Rp 125 per lembar saham pada                                                                Rp 125 of per share in June 30,
 30 Juni 2023 dan 31 Desember 2022                                                        in 2023 and Desecember 31,2022
 Modal dasar -                                                                                        Authorized capital -
 1.232.000.000 saham                                                                               1,232,000,000 shares
 periode 30 Juni 2022 dan                                                                           in June 30, 2023 and
 31 Desember 2022                                                                                     December 31, 2022
 Modal ditempatkan dan                                                                                    Subscribed and
 disetor penuh 633.600.000 saham                                                             paid-up capital 633,600,000
 pada 30 Juni 2023 dan                                                                              in June 30, 2023 and
 31 Desember 2022                       26      79.200.000.000         79.200.000.000                 December 31, 2022
Tambahan modal disetor                  27      25.273.586.536         25.273.586.536             Additional paid-in capital
Komponen ekuitas lainnya                28     190.786.457.056        202.052.604.427            Other equity components
Saldo laba                                                                                               Retained earnings
 (akumulasi kerugian)                          (43.701.860.297)         (9.043.486.400)                           (deficit)

                                               251.558.183.295        297.482.704.563
Kepentingan non-pengendali           2c,46                       -                   -              Non-controlling interest
JUMLAH EKUITAS                                 251.558.183.295        297.482.704.563                      TOTAL EQUITY
JUMLAH LIABILITAS DAN                                                                           TOTAL LIABILITIES AND
 EKUITAS                                     1.447.210.155.735       1.554.795.974.228                      EQUITY




Lihat catatan atas laporan keuangan konsolidasian                      See accompanying notes to consolidated financial
yang merupakan bagian yang tidak terpisahkan                                  statements, which form an integral part of
dari laporan keuangan konsolidasian ini.                                          the consolidated financial statements.




                                                          3
Page 7
PT INDAL ALUMINIUM INDUSTRY Tbk                                              PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                          AND ITS SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN                                 CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN                                            AND OTHER COMPREHENSIVE INCOME
Untuk periode enam bulan yang berakhir tanggal                                      For the six-month periods ended
30 Juni 2023 dan 2022                                                                       June 30, 2023 and 2022
(Disajikan dalam Rupiah)                                                                            (Expressed in Rupiah)
                                Catatan /        30 Juni 2023 /          30 Juni 2022 /
                                 Notes           June 30, 2023           June 30, 2022
PENJUALAN                           2r,30     630.460.550.182          783.808.752.061                               SALES
BEBAN POKOK PENJUALAN            2r,31,32    (583.167.844.516)        (696.759.420.003)         COST OF GOODS SOLD
LABA KOTOR                                     47.292.705.666           87.049.332.058                GROSS PROFIT
Beban penjualan                     2r,33        (9.424.368.223)        (9.896.034.742)                 Selling expenses
Beban umum dan                                                                                               General and
 administrasi                       2r,33     (36.208.851.331)         (32.331.933.235)        administrative expenses
LABA (RUGI) USAHA                                1.659.486.112          44.821.364.081     OPERATING PROFIT (LOSS)

Pendapatan bunga               2r,2y,34,41        234.257.556              239.754.444                      Interest income
Beban bunga                    2r,2y,35,41    (30.449.451.917)         (28.216.613.660)                  Interest expenses
Pendapatan (beban) lain-lain         2r,36        244.462.830           (5.658.142.708)          Other income (expenses)
LABA (RUGI) SEBELUM                                                                          PROFIT (LOSS) BEFORE
 PAJAK PENGHASILAN BADAN                      (28.311.245.419)          11.186.362.157    CORPORATE INCOME TAX
MANFAAT (BEBAN)                    2t,25d                                                                INCOME TAX
 PAJAK PENGHASILAN                                                                             BENEFIT (EXPENSES)
Pajak kini - final                               (4.926.529.972)        (6.600.146.047)              Final - current tax
Pajak kini - tidak final                         (1.322.288.000)        (4.217.683.539)           Non final - current tax
Pajak tangguhan                                     (98.310.506)           234.860.151                     Deferred tax
BEBAN PAJAK                                      (6.347.128.478)       (10.582.969.435)                 TAX EXPENSE
LABA (RUGI)                                                                                           PROFIT (LOSS)
 PERIODE BERJALAN                             (34.658.373.897)             603.392.722            FOR THE PERIOD

PENGHASILAN KOMPREHENSIF LAIN                                                      OTHER COMPREHENSIVE INCOME
 PERIODE BERJALAN                                                                             FOR THE PERIOD
Pos yang tidak akan direklasifikasi ke                                                     Item not to be reclassified to
 laba rugi periode berikutnya                                                      profit or loss in subsequent periods:
Pendapatan atas                                                                                                   Gain on
 liabilitas imbalan kerja          2s,37             -                      -                employee benefit liabilities
Beban pajak tangguhan                                                                           Expenses of deferred tax
 terkait manfaat pasti             2s,37             -                      -                    related defined benefit
Jumlah pos yang tidak akan                                                                           Total item not to be
 direklasifikasi ke laba rugi                                                             reclassified to profit or loss
 periode berikutnya                                  -                      -                  in subsequent periods
Pos yang akan direklasifikasi ke                                                                Item to be reclassified to
 laba rugi                                                                                                profit or loss
 periode berikutnya:                                                                           in subsequent periods:
Selisih kurs karena                                                                                Exchange difference on
 penjabaran laporan keuangan                  (11.266.147.371)           6.923.522.794     financial statement translations
JUMLAH PENGHASILAN (RUGI)                                                                     TOTAL COMPREHENSIVE
 KOMPREHENSIF                                                                                       INCOME (LOSS)
 PERIODE BERJALAN                                                                                 FOR THE PERIOD
 (dipindahkan)                                (45.924.521.268)           7.526.915.516                   (total c/f)

Lihat catatan atas laporan keuangan konsolidasian                       See accompanying notes to consolidated financial
yang merupakan bagian yang tidak terpisahkan                                   statements, which form an integral part of
dari laporan keuangan konsolidasian ini.                                           the consolidated financial statements.




                                                         4
Page 8
PT INDAL ALUMINIUM INDUSTRY Tbk                                              PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                          AND ITS SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN                                 CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN                                            AND OTHER COMPREHENSIVE INCOME
 (lanjutan)                                                                                            (continued)
Untuk periode enam bulan yang berakhir tanggal                                      For the six-month periods ended
30 Juni 2023 dan 2022                                                                       June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                           (Expressed in Rupiah)
                               Catatan /         30 Juni 2023 /         30 Juni 2022 /
                                Notes            June 30, 2023          June 30, 2022

JUMLAH PENGHASILAN (RUGI)                                                                    TOTAL COMPREHENSIVE
 KOMPREHENSIF                                                                                      INCOME (LOSS)
 PERIODE BERJALAN                                                                                FOR THE PERIOD
 (pindahan)                                   (45.924.521.268)           7.526.915.516                       (total b/f)

Laba (rugi) yang dapat                                                                                      Profit (loss)
 diatribusikan kepada:                                                                               attributable to:
 Pemilik entitas induk                40      (34.658.373.897)            603.392.722             Owners of the parent

JUMLAH                                        (34.658.373.897)            603.392.722                            TOTAL

Penghasilan (rugi)                                                                                    Comprehensive
 komprehensif yang dapat                                                                              income (loss)
 diatribusikan kepada:                                                                               attributable to:
   Pemilik entitas induk                      (45.924.521.268)           7.526.915.516         Owners of the parent

JUMLAH                                        (45.924.521.268)           7.526.915.516                           TOTAL
LABA (RUGI) PER SAHAM DASAR:                                                              PROFIT (LOSS) PER SHARE:
 LABA (RUGI)                                                                                        INCOME (LOSS)
  PERIODE BERJALAN                    40      (34.658.373.897)            603.392.722           FOR THE PERIOD
 Jumlah rata-rata tertimbang                                                                Weighted average number
  saham yang beredar                                633.600.000           633.600.000        of outstanding shares
Laba (rugi) per saham dasar        2v,40                 (54,70)                  0,95           Basic earning per share




Lihat catatan atas laporan keuangan konsolidasian                       See accompanying notes to consolidated financial
yang merupakan bagian yang tidak terpisahkan                                   statements, which form an integral part of
dari laporan keuangan konsolidasian ini.                                           the consolidated financial statements.




                                                         5
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                                                                           PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                                                                        AND ITS SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS                                                                                                                   CONSOLIDATED STATEMENTS OF
KONSOLIDASIAN                                                                                                                                              CHANGES IN EQUITY
Untuk periode enam bulan yang berakhir tanggal                                                                                                   For the six-month periods ended
30 Juni 2023 dan 31 Desember 2022                                                                                                          June 30, 2022 and December 31, 2022

(Disajikan dalam Rupiah)                                                                                                                                      (Expressed in Rupiah)
                                                                                  Selisih kurs
                                                                           karena penjabaran
                                    Modal ditempatkan                      laporan keuangan/
                                           dan disetor/       Tambahan Exchange difference               Surplus           Saldo laba              Jumlah
                                      Subscribed and       modal disetor/         on financial         revaluasi/(akumulasi kerugian)/             Ekuitas/
                           Catatan/            paid-up         Additional           statement        Revaluation Retained earnings                   Total
                             Notes        capital stock    paid-in capital        translations           surplus              (deficit)             Equity
Saldo per                                                                                                                                                           Balance as of
 1 Januari 2022         26,27,28,44   79.200.000.000      25.273.586.536      24.767.630.212     157.174.927.670    100.227.358.176       386.643.502.594        January 1, 2022

Penghasilan (rugi) komprehensif                                                                                                                      Comprehensive income (loss)
 tahun 2022                                          -                   -    20.110.046.545                   -   (109.270.844.576)      (89.160.798.031)             year 2022
Saldo per                                                                                                                                                          Balance as of
 31 Desember 2022       26,27,28,44   79.200.000.000      25.273.586.536      44.877.676.757     157.174.927.670      (9.043.486.400)     297.482.704.563     December 31, 2022

Saldo per                                                                                                                                                            Balance as of
 1 Januari 2023                       79.200.000.000      25.273.586.536      44.877.676.757     157.174.927.670      (9.043.486.400)     297.482.704.563         January 1, 2023

Penghasilan (rugi)                                                                                                                                              Comprehensive
 komprehensif periode                                                                                                                                      income (loss) period
 30 Juni 2023                                        -                   -   (11.266.147.371)                  -     (34.658.373.897)     (45.924.521.268)      June 30, 2023
Saldo per                                                                                                                                                           Balance as of
 30 Juni 2023           26,27,28,44   79.200.000.000      25.273.586.536      33.611.529.386     157.174.927.670     (43.701.860.297)     251.558.183.295          June 30, 2023




Lihat catatan atas laporan keuangan konsolidasian yang merupakan                                                   See accompanying notes to consolidated financial statements,
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian ini.                                         which form an integral part of the consolidated financial statements.


                                                                                       6
Page 10
PT INDAL ALUMINIUM INDUSTRY Tbk                                          PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                       AND ITS SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN                                  CONSOLIDATED STATEMENTS OF CASH FLOWS
Untuk periode enam bulan yang berakhir tanggal                                  For the six-month periods ended
30 Juni 2023 dan 2022                                                                   June 30, 2023 dan 2022

(Disajikan dalam Rupiah)                                                                       (Expressed in Rupiah)
                            Catatan /        30 Juni 2023 /     30 Juni 2022 /
                                 Note        June 30, 2023      June 30, 2022
ARUS KAS DARI AKTIVITAS                                                                       CASH FLOWS FROM
 OPERASI                                                                                 OPERATING ACTIVITIES
Penerimaan kas dari pelanggan              643.287.072.370     807.998.009.929         Cash received from customers
Pembayaran kas kepada pemasok             (546.107.254.425)   (650.372.640.871)           Cash payment to suppliers
Pembayaran kas kepada karyawan             (94.109.651.239)   (111.669.425.291)         Cash payment to employees
Kas diperoleh dari                                                                                 Cash provided by
 (digunakan untuk) operasi                   3.070.166.706     45.955.943.767                 (used for) operations
Penerimaan pendapatan bunga                    234.257.556         239.754.444              Interest income received
Pembayaran bunga pinjaman                  (28.364.064.907)    (27.984.352.570)             Payment of loan interest
Pembayaran pajak penghasilan               (18.450.942.632)     (9.050.351.593)               Payment of income tax
Pembayaran management fee                   (1.320.000.000)         -                      Management fee payment
Kas bersih diperoleh dari                                                                      Net cash provided by
 (digunakan untuk)                                                                                       (used in)
 aktivitas operasi                         (44.830.583.277)      9.160.994.048                 operating activities
ARUS KAS DARI AKTIVITAS                                                                       CASH FLOWS FROM
 INVESTASI                                                                               INVESTING ACTIVITIES
Saldo bank                                                                                                  Restricted
 yang dibatasi penggunaannya                 3.935.353.784       1.961.092.608                       bank accounts
Penempatan (penarikan) deposito                                                       Placement (withdrawal) of time
 berjangka dan rekening giro                 6.430.278.103       2.359.858.765         deposit and current account
Hasil penjualan aset tetap                     972.893.791          -              Proceeds from sale of fixed assets
Perolehan aset tetap                          (892.767.588)       (898.615.637)          Acquisitions of fixed assets
Penerimaan (pemberian) piutang                                                         Receive (giving) of receivable
 kepada pihak-pihak berelasi                  (749.619.032)        -                              to related parties
Kas bersih digunakan untuk                                                                         Net cash used in
 aktivitas investasi                         9.696.139.058       3.422.335.736                 investing activities
ARUS KAS DARI AKTIVITAS                                                         CASH FLOWS FROM FINANCING
 PENDANAAN                                                                                       ACTIVITIES
Penambahan utang bank                      216.331.855.040     132.007.181.017          Proceeds of bank loans
Pembayaran utang bank                     (217.491.449.900)   (170.087.284.763)          Payment of bank loans
Pembayaran utang                                                                           Payment of payable
 kepada pihak-pihak berelasi                  (170.951.017)         -                       to related parties
Kas bersih diperoleh dari                                                                      Net cash provided by
 aktivitas pendanaan                        (1.330.545.877)    (38.080.103.746)                financing activities
KENAIKAN                                                                                        NET INCREASE
 (PENURUNAN) BERSIH KAS                                                                   (DECREASE) IN CASH
 DAN SETARA KAS                            (36.464.990.096)    (25.496.773.962)         AND CASH EQUIVALENT

KAS DAN SETARA KAS                                                                CASH AND CASH EQUIVALENTS
 AWAL TAHUN                                 84.163.401.315     45.519.437.021             AT BEGINNING OF YEAR
Dampak perubahan selisih kurs                 (220.128.797)     1.158.366.684      Effect of exchange rate differences
KAS DAN SETARA KAS                                                                CASH AND CASH EQUIVALENTS
 AKHIR TAHUN                    2e, 4       47.478.282.422     21.181.029.743                    AT END OF YEAR
Lihat catatan atas laporan keuangan konsolidasian                  See accompanying notes to consolidated financial
yang merupakan bagian yang tidak terpisahkan                           statements, which form an integral part of the
dari laporan keuangan konsolidasian ini.                                          consolidated financial statements.




                                                        7
Page 11
PT INDAL ALUMINIUM INDUSTRY Tbk                                           PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                         AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN                                                                                      STATEMENTS
Per 30 Juni 2023 dan 31 Desember 2022                                 As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                            And for the six-month periods ended
30 Juni 2023 dan 2022                                                                     June 30, 2023 and 2022
(Disajikan dalam Rupiah)                                                                     (Expressed in Rupiah)
1. UMUM                                                     1. GENERAL
 a. Pendirian dan informasi umum                            a. Establishment and general information
   PT Indal Aluminium Industry Tbk ("Entitas") didirikan      PT Indal Aluminium Industry Tbk (the "Entity") was
   dalam rangka Undang-Undang Penanaman Modal                 established within the framework of the Domestic
   dalam Negeri No. 6 tahun 1968 jo. Undang-Undang            Capital Investment Law No. 6 year 1968 as amended
   No. 12 tahun 1970 berdasarkan akta No. 62 tanggal          by Law No.12 year 1970 based on notarial deed No.
   16 Juli 1971 dari Djoko Supadmo, S.H., notaris di          62 dated July 16,1971 of Djoko Supadmo, S.H.,
   Jakarta yang kemudian diubah dengan akta No. 2             notary in Jakarta which was amended by notarial
   tanggal 1 Nopember 1973 dari Eliza Pondaag, S.H.,          deed No. 2 dated November 1, 1973 of Eliza
   notaris di Jakarta. Akta pendirian tersebut telah          Pondaag, S.H., notary in Jakarta. The deed of
   mendapat pengesahan dari Menteri Kehakiman                 establishment was approved by the Minister of
   Republik Indonesia dalam Surat Keputusannya                Justice of the Republic of Indonesia in his decision
   No.YA.5/406/9 tanggal 14 Desember 1973 serta               letter No.YA.5/406/9 dated December 14, 1973 and
   diumumkan dalam Berita Negara No. 1 tanggal 2              was published in the State Gazette No. 1 dated
   Januari 1974. Anggaran Dasar Entitas telah                 January 2, 1974. The articles of association of the
   mengalami beberapa kali perubahan, terakhir dengan         Entity been amended several times, most recently by
   Akta No. 57 tanggal 25 Agustus 2020 dari Anita             Notarial Deed No. 57 dated August 25, 2020 of Anita
   Anggawidjaja, S.H., notaris di Surabaya mengenai           Anggawidjaja, S.H., notary in Surabaya, concerning
   penyesuaian Anggaran Dasar Perseroan dengan                the changes in its articles of association to conform
   Peraturan   Otoritas   Jasa    Keuangan      ("OJK")       with Regulation of the Financial Services Authority
   No.15/POJK.04/2020 tentang Penyelenggaraan Rapat           ("OJK") No.15/POJK.04/2020 on the Organizations
   Umum Pemegang Saham Perusahaan Terbuka dan                 of the General Meeting of Shareholders of Public
   Peraturan No.16/POJK.04/2020 tentang Pelaksanaan           Company and Regulation No.16/POJK.04/2020 on
   Rapat Umum Perusahaan Terbuka Secara Elektronik            Holdings of the General Meeting of Shareholders of
   (e-RUPS). Anggaran Dasar di atas telah mendapat            Public Company by Electronic (e-RUPS). The
   persetujuan Menteri Hukum dan Hak Asasi Manusia            articles of association of the Entity above has been
   Republik Indonesia dalam Surat Keputusannya No.            approved by the Minister of Law and Human Rights
   AHU-AH.01.03-0391419 tanggal 28 September 2020.            in his decision letter No. AHU-AH.01.03-0391419
                                                              dated September 28, 2020.

   Kantor pusat Entitas beralamat di Jl. Kembang Jepun        The Entity's head office is located at Jl. Kembang
   No. 38 - 40 Surabaya 60162, dengan pabrik berlokasi        Jepun No. 38 - 40 Surabaya 60162 and its plants are
   di Maspion Unit I Gedangan, Sidoarjo.                      located in Maspion Unit I Gedangan, Sidoarjo.

   Sesuai dengan pasal 3 anggaran dasar Entitas, ruang        In Accordance with articles number 3 of Entity article
   lingkup kegiatan Entitas terutama meliputi bidang          association, the scope of its activities is mainly to
   manufaktur aluminium sheets, rolling mill dan              engage in the manufacture of aluminium sheets,
   extrusion plant. Entitas mulai berproduksi secara          rolling mill and plant extrusion. The Entity started
   komersial pada bulan Januari 1974.                         commercial operations in January 1974.

   Hasil produksi Entitas dipasarkan di dalam dan di luar     The Entity's products are marketed both domestically
   negeri, termasuk Australia, Asia dan Eropa. Jumlah         and internationally, including Australia, Asia and
   karyawan (termasuk karyawan tidak tetap) Entitas dan       Europe. The Entity and Subsidiaries had an average
   Entitas Anak rata-rata 1.965 orang masing-masing           total number of employees (including non permanent
   pada 30 Juni 2023 dan 31 Desember 2022.                    employees) of 1,965 and 2,043 employees each on
                                                              June 30, 2023 and December 31, 2022.




                                                     8
Page 12
PT INDAL ALUMINIUM INDUSTRY Tbk                                                    PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                         STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                          As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                     And for the six-month periods ended
30 Juni 2023 dan 2022                                                                              June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                             (Expressed in Rupiah)

 1. UMUM (lanjutan)                                            1. GENERAL(continued)

 a. Pendirian dan informasi umum (lanjutan)                    a. Establishment and general information (continued)
   Entitas tidak memiliki entitas induk langsung dan entitas     The entity has no direct parent entity and a major parent
   induk utama karena tidak terdapat pemilik saham               entity since there is no shareholder of the Entity with a
   Entitas yang persentase kepemilikannya lebih dari 50%.        percentage of ownership more than 50%.


   Dewan Komisaris dan Dewan Direksi                             Board of Commissioners and Board of Directors
   Entitas tergabung dalam kelompok usaha Maspion.               The Entity is part of Maspion group. The Entity's
   Susunan pengurus Entitas pada tanggal 30 Juni 2023            management on June 30, 2023 and December 31, 2022 ,
   dan 31 Desember 2022 adalah sebagai berikut:                  consist of the following:

   Dewan Komisaris                                                                               Board of Commissioners
   Presiden Komisaris                            Welly Muliawan                                    President Commissioner
   Komisaris                                       Gunardi Go                                                Commissioner
   Komisaris Independen                       Supranoto Dipokusumo                              Independent Commissioner
   Dewan Direksi                                                                                        Board of Directors
   Presiden Direktur                               Alim Markus                                              President Director
   Direktur                                     Alim Mulia Sastra                                                     Director
   Direktur                                       Alim Prakasa                                                        Director
   Direktur                                    Wibowo Suryadinata                                                     Director
   Direktur                                      Cahyadi Salim                                                        Director
   Susunan Komite Audit Entitas pada tanggal 30 Juni             The Entity's Audit Committee at June 30, 2023 and
   2023 dan 31 Desember 2022 adalah:                             December 31, 2022 consist of the following:
   Komite Audit                                                                                             Audit Committee
   Ketua                                     Supranoto Dipokusumo                                                      Chief
   Anggota                                  Heri Kustiyono Rudiantoro                                               Members
   Anggota                                   Bambang Njotoprajitno                                                  Members
   Perincian gaji dan tunjangan untuk Dewan Komisaris            Salaries and allowances for Board of Commisioners and
   dan Direksi untuk periode yang berakhir pada tanggal          Board of Directors for the period ended June 30, 2023 and
   30 Juni 2023 dan 31 Desember 2022 adalah sebagai              December 31, 2022 were as follows:
   berikut:
                                              30 Juni 2022                  30 Juni 2022
   Dewan Komisaris                            782.809.800                    734.400.092           Board of Commissioners
   Dewan Direksi                            1.644.780.600                  1.051.992.690                 Board of Directors

 b. Penawaran umum efek Entitas                                b. Public offering of shares of the Entity
   Pada tanggal 10 Nopember 1994, Entitas memperoleh             On November 10, 1994, the Entity obtained notice of
   pernyataan efektif dari Ketua Badan Pengawas Pasar            effectively from the Chairman of Capital Market
   Modal (BAPEPAM) dengan suratnya No. S-                        Supervisory Agency (BAPEPAM) in its Letter No. S-
   1848/PM/1994 untuk melakukan penawaran umum atas              1848/PM/1994 for its public offering of 13,200,000 shares.
   13.200.000 saham Entitas kepada masyarakat. Pada              On December 5, 1994, these shares were listed in the
   tanggal 5 Desember 1994 saham tersebut telah                  Indonesia Stock Exchange.
   dicatatkan pada Bursa Efek Indonesia.




                                                          9
Page 13
PT INDAL ALUMINIUM INDUSTRY Tbk                                                    PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                         STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                          As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                     And for the six-month periods ended
30 Juni 2023 dan 2022                                                                              June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                             (Expressed in Rupiah)

 1. UMUM (lanjutan)                                            1. GENERAL(continued)

 b. Penawaran umum efek Entitas (lanjutan)                     b. Public offering of shares of the Entity (continued)
   Pada tanggal 30 Juni 2023 dan 31 Desember 2022,               On June 30, 2023 and December 31, 2022, all of the Entity
   seluruh saham Entitas sejumlah 633.600.000 dan                shares amounted to 633,600,000 and 633,600,000 shares
   633.600.000 lembar saham telah dicatatkan pada                are listed in Indonesia Stock Exchange.
   Bursa Efek Indonesia.

 c. Entitas Anak yang dikonsolidasi                            c. Consolidated Subsidiaries
   Entitas memiliki saham Entitas Anak sebagai berikut:          The Entity has ownership interest in the following
                                                                 Subsidiaries:
                                                                  Persentase         Tahun
                                                                 kepemilikan/   operasional
   Entitas Anak/           Domisili/ Jenis usaha/                Percentage of   komersial/          Jumlah aset per
   Subsidiaries            Domicile Nature of business             ownership        Start of            30 Juni 2023/
                                                               30 Juni 31 Des'
                                                                2023      2022  commercial         Total assets as of
                                                                 %          %    operations            June 30, 2023
   Kepemilikan langsung / Direct ownership
   PT Indalex             Sidoarjo Jasa konstruksi/             99,99     99,99        1993               579.700.113.766
                                    Construction services
   PT Indal Investindo Surabaya Investasi/                      99,99     99,99        1997               395.011.137.980
                                    Investment
   PT Indal Servis        Surabaya Perdagangan umum/            99,99     99,99        1999                      2.390.000
     Sentra                         General trading
   Kepemilikan tidak langsung / Indirect ownership
   PT ERP Multisolusi
    Indonesia             Surabaya Jasa software/               99,99     99,99        1999                              1
    dimiliki PT Indal Investindo/   Software services
    owned by PT Indal Investindo
   PT Warna Cemerlang
    Industri              Gresik    Manufaktur cat/             99,99     99,99        1999                 21.230.960.092
    dimiliki PT Indal Investindo/   Manufacturing of paint
    owned by PT Indal Investindo
   PT Indal Reiwa Auto Gresik       Manufaktur                 100,00     40,00        1998                325.262.391.153
    dimiliki PT Indal Investindo/   aluminum extrusion/
    owned by PT Indal Investindo Manufacturing of
                                    aluminum extrusion

 2. IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING                  2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

   Laporan keuangan konsolidasian PT Indal Aluminium             The consolidated financial statements of PT Indal
   Industry Tbk dan Entitas Anak disusun oleh manajemen          Aluminium Industry Tbk and its Subsidiaries were prepared
   berdasarkan standar akuntansi keuangan yang berlaku           by the management in accordance with Indonesian
   di Indonesia dan diselesaikan pada tanggal 27Juli             Financial Accounting Standard and completed on July 27,
   2023.                                                         2023.




                                                          10
Page 14
PT INDAL ALUMINIUM INDUSTRY Tbk                                                     PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                   AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                          STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                           As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                      And for the six-month periods ended
30 Juni 2023 dan 2022                                                                               June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                             (Expressed in Rupiah)

 2. IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING                 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
      (lanjutan)                                                  (continued)
 a. Pernyataan kepatuhan                                      a. Statement of compliance
   Laporan keuangan konsolidasian ini disusun sesuai            Consolidated financial statements prepared in accordance
   dengan Standar Akuntansi Keuangan ("SAK") di                 with Indonesian Financial Accounting Standards ("SAK").
   Indonesia. Kebijakan akuntansi yang dipakai telah            The accounting policies adopted are in accordance with
   sesuai dengan kebijakan yang dipakai untuk menyusun          the policies used to prepare consolidated financial
   laporan    keuangan      konsolidasian  sebagaimana          statements as described below.
   dijelaskan di bawah ini.

 b. Dasar penyusunan laporan keuangan konsolidasian b. Basis of preparation                  of   consolidated    financial
                                                       statements

   Laporan keuangan konsolidasian telah disusun                 The consolidated financial statements have been prepared
   berdasarkan Standar Akuntansi Keuangan ("SAK") di            based on Financial Accounting Standards (“SAK”) in
   Indonesia, yang mencakup Pernyataan dan Interpretasi         Indonesia, which comprise the Statements and
   yang dikeluarkan oleh Dewan Standar Akuntansi                Interpretations issued by the Board of Financial
   Keuangan Ikatan Akuntan Indonesia dan Peraturan No.          Accounting Standards of the Indonesian Institute of
   VIII.G.7    mengenai     Peraturan   Penyajian    dan        Accountants and the Regulations No. VIII.G.7 concerning
   Pengungkapan Laporan Keuangan Emiten atau                    Guidelines on Financial Statement Presentation and
   Perusahaan Publik yang diterbitkan oleh Otoritas Jasa        Disclosures by the Public Companies issued by Financial
   Keuangan (OJK) (dahulu BAPEPAM-LK) sesuai                    Service Authority (“OJK”) (formerly BAPEPAM-LK) as
   dengan     Surat    Keputusan     No.Kep-347/BL/2012         mentioned by the Decision Letter No.Kep-347/BL/2012
   tertanggal 25 Juni 2012.                                     dated June 25, 2012.


   Laporan keuangan konsolidasian disusun berdasarkan           The consolidated financial statements have been prepared
   asumsi kelangsungan usaha serta atas dasar akrual,           on going concern assumption and accrual basis, as
   yang dimodifikasi oleh revaluasi tanah dan bangunan,         modified by the revaluation of land and buildings, except
   kecuali laporan arus kas konsolidasian yang                  for the consolidated statements of cash flows using the
   menggunakan dasar kas. Dasar pengukuran dalam                cash basis. The basis of measurement in preparation of
   penyusunan laporan keuangan ini adalah konsep biaya          these financial statements is the historical costs, except
   perolehan, kecuali beberapa akun tertentu yang               for certain accounts which have been prepared on the
   didasarkan pengukuran lain sebagaimana dijelaskan            basis of other measurements as described in their
   dalam kebijakan akuntansi masing-masing akun                 respective policies. Historical cost is generally based on
   tersebut. Biaya perolehan umumnya didasarkan pada            the fair value of the consideration given in exchange for
   nilai wajar imbalan yang diserahkan dalam                    assets.
   pemerolehan aset.

   Laporan     arus     kas    konsolidasian      disajikan     The consolidated statements of cash flows is presented
   menggunakan        metode        langsung        dengan      using direct method by classifying cash flows on the basis
   mengelompokkan penerimaan dan pengeluaran kas                of operating, investing and financing activities.
   dan setara kas ke dalam aktivitas operasi, investasi dan
   pendanaan.

   Transaksi-transaksi yang termasuk dalam laporan              Items included in the consolidated financial statements are
   keuangan konsolidasian diukur dengan mata uang               measured using the currency of the primary economic
   lingkungan ekonomi utama ("mata uang fungsional").           environment ("the functional currency"). The consolidated
   Laporan keuangan konsolidasian disajikan dalam               financial statements are presented in Rupiah, which is the
   Rupiah, yang merupakan mata uang fungsional dan              functional and presentation currency.
   penyajian.




                                                         11
Page 15
PT INDAL ALUMINIUM INDUSTRY Tbk                                                   PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                        STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                         As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                    And for the six-month periods ended
30 Juni 2023 dan 2022                                                                             June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                              (Expressed in Rupiah)

 2. IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
      (lanjutan)                                  (continued)
 b. Dasar penyusunan laporan keuangan konsolidasian b. Basis of preparation                 of      consolidated   financial
    (lanjutan)                                         statements (continued)
   Estimasi dan pertimbangan akuntansi yang signifikan          Significant accounting estimate and judgement applied in
   yang diterapkan dalam penyusunan laporan keuangan            the preparation of these consolidated financial statements
   konsolidasian diungkapkan pada catatan 3.                    are disclosed in note 3.

   Perubahan atas Pernyataan Standar Akuntansi                  Changes to the Statements of Financial Accounting
   Keuangan (“PSAK”) dan Interpretasi Standar                   Standards (“PSAK”) and Interpretations of Statements
   Akuntansi Keuangan (“ISAK”)                                  of Financial Accounting Standards (“ISAK”)


   Standar akuntansi revisian berikut yang relevan untuk        The following revised accounting standards which are
   Entitas, berlaku efektif sejak tanggal 1 Januari 2022        relevant to the Entity, are effective from January 1, 2022
   dan tidak memiliki pengaruh signifikan terhadap laporan      and do not result in significant impact to the Entity’s
   keuangan Entitas:                                            financial statements:

   - Amendemen PSAK 22 ”Kombinasi Bisnis”;                      - Amendment to PSAK 22 “Business Combinations”;
   - Amendemen PSAK 57 ”Provisi, Liabilitas Kontinjensi         - Amendment to PSAK 57 “Provisions, Contingent
     dan Aset Kontinjensi”;                                       Liabilities and Contingent Assets”;
   - Penyesuaian     Tahunan       PSAK   71     ”Instrumen     - Annual Improvement           of   PSAK    71     “Financial
     Keuangan”;                                                   Instruments”;
   - Penyesuaian Tahunan PSAK 73 ”Sewa”.                        - Annual Improvement of PSAK 73 “Leases”.
   Standar akuntansi revisian yang telah diterbitkan dan        The following revised accounting standards issued and
   relevan untuk Entitas, berlaku efektif sejak tanggal         relevant to the Entity, are effective from January 1, 2023
              1 Januari 2023 dan belum diterapkan secara        and have not been early adopted by the Entity:
   dini oleh Entitas:

   - Amendemen       PSAK      1    “Penyajian     Laporan      - Amendment to PSAK 1 “Presentation of Financial
     Keuangan”;                                                   Statements”;
   - Amendemen PSAK 16 ”Aset Tetap”;                            - Amendment to PSAK 16 “Fixed Assets”;
   - Amendemen PSAK 25 ”Kebijakan Akuntansi,                    - Amendment to PSAK 25 “Accounting Policies, Changes
     Perubahan Estimasi Akuntansi dan Kesalahan”;                 in Accounting Estimates and Errors”;
   - Amendemen PSAK 46 ”Pajak Penghasilan”.                     - Amendment to PSAK 46 “Income Taxes”.
   Pada tanggal pengesahan laporan keuangan, Entitas            As at the authorization date of these financial statements,
   sedang mempertimbangkan implikasi dari penerapan             the Entity is assessing the implication of the above
   standar-standar tersebut, terhadap laporan keuangan          standards, to the Entity’s financial statements.
   Entitas.

 c. Prinsip-prinsip konsolidasian                             c. Principles of consolidation
   Laporan keuangan konsolidasian meliputi laporan              The consolidated financial statements include financial
   keuangan Entitas dan Entitas Anak (Grup), Catatan 1c.        statements of the Entity and its Subsidiaries (the Group),
                                                                Note 1c.




                                                         12
Page 16
PT INDAL ALUMINIUM INDUSTRY Tbk                                                  PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                       STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                        As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                   And for the six-month periods ended
30 Juni 2023 dan 2022                                                                            June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                             (Expressed in Rupiah)

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

 c. Prinsip-prinsip konsolidasian (lanjutan)                 c. Principles of consolidation (continued)
   Entitas Anak adalah suatu entitas dimana Grup memiliki      A Subsidiary is an entity over which the Group has control.
   pengendalian. Pengendalian timbul ketika Entitas            The Entity controls an Entity when the Entity is exposed to,
   terekspos atas, atau memiliki hak untuk, imbal hasil        or has rights to, variable returns from its involvement with
   yang bervariasi dari keterlibatannya dengan Entitas dan     the Entity and has the ability to affect those returns through
   memiliki kemampuan untuk memengaruhi imbal hasil            its power over the Entity. Subsidiaries are fully
   tersebut melalui kekuasaannya atas Entitas. Entitas         consolidated from the date on which the control is
   Anak dikonsolidasikan secara penuh sejak tanggal di         transferred to the Entity. Subsidiaries are deconsolidated
   mana pengendalian dialihkan kepada Entitas. Entitas         from the date on which that control ceases.
   Anak tidak dikonsolidasikan lagi sejak tanggal di mana
   Entitas kehilangan pengendalian.

   Kombinasi bisnis dicatat dengan menggunakan metode          The acquisition method is used to account for business
   akuisisi. Imbalan yang diserahkan untuk akuisisi suatu      combinations. The consideration transferred for the
   Entitas Anak adalah sebesar nilai wajar aset yang           acquisition of a Subsidiary is the fair value of the assets
   diserahkan, saham yang diterbitkan atau liabilitas yang     given, shares issued or liabilities incurred at the date of
   diakui pada tanggal akuisisi. Kelebihan jumlah imbalan      acquisition. The excess of the aggregate of the
   yang dialihkan dan nilai wajar jumlah kepentingan non-      consideration transferred and the fair value of non-
   pengendali atas jumlah aset teridentifikasi bersih yang     controlling interest over the net identifiable assets and
   diperoleh dan kewajiban yang timbul dicatat sebagai         liabilities acquired is recorded as goodwill. If this
   goodwill. Jika jumlah imbalan yang diserahkan lebih         consideration is lower than the fair value of the net assets
   rendah dari nilai wajar aset neto Entitas Anak yang         of the Subsidiary acquired, the difference is recognized
   diakuisisi, selisihnya diakui langsung dalam laporan        directly in the consolidated profit or loss.
   laba rugi konsolidasian.


   Imbalan kontinjensi yang masih harus dialihkan oleh         Any contingent consideration to be transferred by the
   Grup diakui sebesar nilai wajar pada tanggal akuisisi.      Group is recognized at fair value at the acquisition date.
   Perubahan selanjutnya atas nilai wajar imbalan              Subsequent changes to the fair value of the contingent
   kontinjensi yang diakui sebagai aset atau liabilitas        consideration that are deemed to be an asset or liability
   dicatat sesuai dengan PSAK 71 “Instrumen Keuangan”,         are recognized in accordance with PSAK 71 “Financial
   dalam laporan laba rugi. Imbalan kontinjensi yang           Instruments” in profit or loss. Contingent consideration that
   diklasifikasikan sebagai ekuitas tidak diukur kembali       is classified as equity is not remeasured and its
   dan penyelesaian selanjutnya diperhitungkan dalam           subsequent settlement is accounted for within equity.
   ekuitas.

   Untuk setiap akuisisi, Entitas mengakui kepentingan         For every acquisition, the Entity recognizes any non-
   non-pengendali pada pihak yang diakuisisi baik              controlling interests in the acquiree on an acquisition by
   sebesar nilai wajar atau sebesar bagian proporsional        acquisition basis, either at fair value or at the non-
   kepentingan non-pengendali atas aset neto pihak yang        controlling interest’s proportionate share of the acquiree’s
   diakuisisi. Kepentingan non-pengendali disajikan di         net assets. Non-controlling interests are reported as equity
   ekuitas dalam laporan posisi keuangan konsolidasian,        in the consolidated statements of financial position,
   terpisah dari ekuitas pemilik Entitas Induk.                separate from the owner of the Parent’s equity.


   Biaya yang terkait dengan akuisisi dibebankan pada          Acquisition-related costs are expensed as incurred.
   saat terjadinya. Transaksi, saldo dan keuntungan yang       Intercompany transactions, balances and unrealized gains
   belum direalisasi antar entitas dalam Grup telah            on transactions between entities in the Group are
   dieliminasi.                                                eliminated.




                                                        13
Page 17
PT INDAL ALUMINIUM INDUSTRY Tbk                                                    PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                         STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                          As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                     And for the six-month periods ended
30 Juni 2023 dan 2022                                                                              June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                             (Expressed in Rupiah)

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

 c. Prinsip-prinsip konsolidasian (lanjutan)                   c. Principles of consolidation (continued)
   Kerugian yang belum direalisasi juga dieliminasi,             Unrealized losses are also eliminated unless the
   kecuali bila terbukti adanya penurunan nilai aset yang        transaction provides evidence of an impairment of the
   ditransfer.                                                   transferred assets.
   Laporan keuangan Entitas Anak disusun untuk tahun             The financial statements of the Subsidiary is prepared for
   pelaporan yang sama dengan Entitas. Kebijakan                 the same reporting year as the Entity. When necessary,
   akuntansi Entitas Anak diubah jika diperlukan, agar           adjustments are made to bring the accounting policies in
   konsisten dengan kebijakan akuntansi yang diadopsi            line with those of the Entity.
   Entitas.

 d. Transaksi dan saldo dalam mata uang asing                  d. Foreign currency transactions and balances
   Pembukuan Grup diselenggarakan dalam mata uang                The Group maintain its accounting records in Rupiah.
   Rupiah. Transaksi-transaksi selama tahun berjalan             Transactions during the year involving foreign currencies
   dalam mata uang asing dicatat dengan kurs yang                are recorded at the rates of the exchange prevailing at the
   berlaku pada saat terjadinya transaksi.                       time the transactions are made.

   Pada tanggal laporan posisi keuangan konsolidasian,           As of the statements of consolidated financial position
   aset dan liabilitas moneter dalam mata uang asing             dates, monetary assets and liabilities denominated in
   disesuaikan untuk mencerminkan kurs yang berlaku              foreign currencies are adjusted to reflect the rates of
   pada tanggal tersebut. Keuntungan atau kerugian kurs          exchange prevailing at that date. The resulting gains or
   yang timbul dikreditkan atau dibebankan pada laporan          losses arising are credited or recognized in the current
   laba rugi komprehensif konsolidasian tahun yang               year consolidated statements of comprehensive income.
   bersangkutan.

   Kurs yang digunakan untuk menjabarkan aset dan                The exchange rates used to translate the monetary assets
   liabilitas moneter dalam mata uang asing adalah               and liabilities denominated in foreign currencies were as
   sebagai berikut:                                              follows:
                                               30 Jun 2023 /        31 Des 2022 /
                                                Jun 30, 2023         Dec 31, 2022
   Great Britain Poundsterling                       19.142                18.926               Great Britain Poundsterling
   Euro                                              16.374                16.713                                      Euro
   Dolar Amerika Serikat                             15.026                15.731                     United States Dollar
   Dolar Singapura                                   11.102                11.659                          Singapore Dollar
   Dolar Australia                                   10.030                10.581                          Australian Dollar
   Dolar New Zealand                                  9.250                 9.944                      New Zealand Dollar
   Ringgit Malaysia                                   3.213                 3.556                        Malaysian Ringgit
   Ren Mingbi                                         2.077                 2.257                               Ren Mingbi
   Dolar Hongkong                                     1.919                 2.019                          Hongkong Dollar
   Dolar Taiwan                                         484                   507                             Taiwan Dollar
   Baht Thailand                                        427                   455                             Thailand Baht
   Yen Jepang                                           105                   118                            Japanese Yen




                                                          14
Page 18
PT INDAL ALUMINIUM INDUSTRY Tbk                                                     PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                   AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                          STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                           As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                      And for the six-month periods ended
30 Juni 2023 dan 2022                                                                               June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                                (Expressed in Rupiah)

 2. IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
      (lanjutan)                                  (continued)
 e. Kas dan setara kas                                         e. Cash and cash equivalents
   Kas dan setara kas terdiri dari kas, kas di bank, dan         Cash and cash equivalents consist of cash on hands, cash
   deposito berjangka yang jatuh tempo dalam waktu tiga          in banks, and time deposit with maturities of three months
   bulan atau kurang sejak tanggal penempatan dan tidak          or less from the date of placement and not used as
   dijadikan sebagai jaminan pinjaman serta tanpa                collateral for loans and without restrictions in the usage.
   pembatasan penggunaan.

 f. Saldo bank yang dibatasi penggunaannya                     f. Restricted bank accounts
   Kas dan setara kas yang ditempatkan sebagai setoran           Cash and equivalent cash which are placed as margin
   jaminan atas fasilitas letter of credit dan bank garansi,     deposits for letter of credit and bank guarantee facilities,
   disajikan sebagai "Saldo bank yang dibatasi                   classified as "Restricted bank accounts".
   penggunaannya".

 g. Investasi jangka pendek                                    g. Short-term investments
   Deposito jangka pendek yang jangka waktunya kurang            Short-term deposits with maturities of less than three
   dari tiga bulan namun dijaminkan, atau telah ditentukan       months but held for collateral or have a restriction and
   penggunaannya dan deposito jangka pendek yang                 short-term deposits with maturities of more than three
   jangka waktunya lebih dari tiga bulan disajikan sebagai       months are presented as short-term investments and
   investasi jangka pendek dan dicatat sebesar nilai             stated at nominal value.
   nominal.

 h. Instrumen keuangan                                         h. Financial instruments
   Entitas     mengklasifikasikan  instrumen    keuangan         The Entity classifies financial instruments into financial
   menjadi aset keuangan dan liabilitas keuangan.                assets and financial liabilities. A financial instrument is any
   Instrumen keuangan adalah setiap kontrak yang                 contract that gives rise to a financial asset of one Entity
   menimbulkan aset keuangan pada satu entitas dan               and a financial liability or equity instrument of another
   liabilitas keuangan atau instrumen ekuitas pada entitas       Entity. The Entity adopted PSAK 71.
   lain. Entitas mengadopsi PSAK 71.

    i. Aset keuangan                                               i. Financial assets
      Klasifikasi, pengakuan dan pengukuran                         Classification, recognition and measurement
      Entitas mengklasifikasikan aset keuangan dalam                The Entity classifies its financial assets into the
      kategori berikut ini:                                         following categories:
      (i) Aset keuangan diukur pada biaya perolehan                  (i) Financial assets measured at amortized costs; and
          diamortisasi; dan
      (ii) Aset keuangan diukur pada nilai wajar melalui            (ii) Financial assets measured at fair value through
           laba rugi atau melalui penghasilan komprehensif               profit or loss (“FVTPL”) or through other
           lain.                                                         comprehensive income (“FVOCI”).




                                                          15
Page 19
PT INDAL ALUMINIUM INDUSTRY Tbk                                                    PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                         STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                          As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                     And for the six-month periods ended
30 Juni 2023 dan 2022                                                                              June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                              (Expressed in Rupiah)

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

 h. Instrumen keuangan (lanjutan)                             h. Financial instruments (continued)

    i. Aset keuangan (lanjutan)                                   i. Financial assets (continued)
      Klasifikasi, pengakuan dan pengukuran                        Classification, recognition and measurement
         (lanjutan)                                                   (continued)
      Klasifikasi ini tergantung pada model bisnis Grup            The classification depends on the Group’s business
      dan persyaratan kontraktual arus kas – apakah                model and the contractual terms of the cash flows when
      penentuan arus kasnya semata dari pembayaran                 determining whether their cash flows are solely
      pokok dan bunga.                                             payment of principal and interest.

      Grup menentukan klasifikasi aset keuangan tersebut           The Group determines the classification of its financial
      pada pengakuan awal dan tidak bisa melakukan                 assets at initial recognition and cannot change the
      perubahan setelah penerapan awal tersebut.                   classification made at initial adoption.


      (i) Aset keuangan diukur pada biaya perolehan                 (i) Financial assets measured at amortized costs; and
          diamortisasi; dan
         Klasifikasi ini berlaku untuk instrumen utang yang            This classification applies to debt instruments which
         dikelola dalam model bisnis dimiliki untuk                    are held under a hold to collect business model and
         mendapatkan arus kas dan memiliki arus kas                    which have cash flows that meet the “solely
         yang memenuhi kriteria “semata-mata dari                      payments of principal and interest” (“SPPI”) criteria.
         pembayaran pokok dan bunga”.

         Aset keuangan pada awalnya diakui sebesar nilai               Financial assets are initially recognized at fair value
         wajar ditambah biaya transaksi yang terkait. Aset             plus related transaction costs. They are
         keuangan ini selanjutnya diukur sebesar biaya                 subsequently measured at amortized cost using the
         perolehan diamortisasi menggunakan metode                     effective interest method less impairment. Any gains
         suku bunga efektif dikurangi penurunan nilai.                 or losses on derecognition or modification of a
         Keuntungan atau kerugian pada penghentian                     financial asset held at amortized cost are
         atau modifikasi aset keuangan yang dicatat pada               recognized in profit or loss.
         biaya perolehan diamortisasi diakui pada laba
         rugi.

         Aset keuangan yang termasuk dalam kategori ini                Financial assets included in this category are cash
         adalah kas dan setara kas, saldo bank yang                    and cash equivalents, restricted bank accounts,
         dibatasi penggunaannya, piutang usaha, piutang                accounts receivable, other receivables and short-
         lain-lain dan investasi jangka pendek.                        term investments.

      (ii) Aset keuangan diukur pada nilai wajar melalui           (ii) Financial assets measured at fair value through
           laba rugi.                                                   profit or loss (“FVTPL”).
         Klasifikasi ini berlaku untuk aset keuangan                   The classification applies to the following financial
         berikut. Dalam semua kasus, biaya transaksi                   assets. In all cases, transaction costs are
         dibebankan pada laba rugi.                                    immediately expensed to profit or loss.

          - Instrumen utang yang tidak memiliki kriteria                - Debt instrument that do not meet the criteria of
            biaya perolehan diamortisasi atau nilai wajar                 amortized cost or fair value through other
            melalui penghasilan komprehensif lain.                        comprehensive income. Subsequent fair value
            Keuntungan atau kerugian nilai wajar                          gains or losses are taken to profit or loss.
            selanjutnya akan dicatat pada laba rugi.




                                                         16
Page 20
PT INDAL ALUMINIUM INDUSTRY Tbk                                                   PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                        STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                         As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                    And for the six-month periods ended
30 Juni 2023 dan 2022                                                                             June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                             (Expressed in Rupiah)

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

 h. Instrumen keuangan (lanjutan)                            h. Financial instruments (continued)

    i. Aset keuangan (lanjutan)                                  i. Financial assets (continued)
      Klasifikasi, pengakuan dan pengukuran                       Classification, recognition and measurement
         (lanjutan)                                                  (continued)
      (ii) Aset keuangan diukur pada nilai wajar melalui          (ii) Financial assets measured at fair value through
           laba rugi. (lanjutan)                                       profit or loss (“FVTPL”). (continued)
          - Investasi  ekuitas   yang     dimiliki untuk           - Equity investments which are held for trading or
            diperdagangkan atau di mana pilihan                      where the fair value through other comprehensive
            penghasilan komprehensif lain tidak berlaku.             income election has not been applied. All fair value
            Keuntungan atau kerugian nilai wajar dan                 gains or losses and related dividend income are
            penghasilan dividen terkait diakui pada laba             recognized in profit or loss.
            rugi.

          - Derivatif yang bukan merupakan instrumen               - Derivatives which are not designated as a hedging
            lindung nilai. Keuntungan atau kerugian nilai            instrument. All subsequent fair value gains or losses
            wajar selanjutnya diakui pada laba rugi.                 are recognized in profit or loss.

         Grup tidak memiliki aset keuangan dalam                  The Group does not have financial assets in this
         kategori ini.                                            category.

      (iii) Aset keuangan diukur pada nilai wajar melalui         (iii) Financial assets held at fair value through other
            penghasilan komprehensif lain.                              comprehensive income (“FVOCI”).
         Klasifikasi ini berlaku untuk aset     keuangan              This classification applies to the following financial
         berikut ini:                                                 assets:
          - Instrumen utang yang dikelola dengan model                 - Debt instruments that are held under a business
            bisnis yang bertujuan untuk memiliki aset                    model where they are held for collection of
            keuangan dalam rangka mendapatkan arus                       contractual cash flows and also for sale (“collect
            kas kontraktual dan menjual dan di mana arus                 and sell”) and which have cash flows that meet
            kasnya memenuhi kriteria “semata-mata dari                   the “solely payments of principal and interest”
            pembayaran pokok dan bunga”.                                 criteria.

            Perubahan nilai wajar aset keuangan ini                      All movements in the fair value of these financial
            dicatat pada penghasilan komprehensif lain,                  assets are taken through other comprehensive
            kecuali pengakuan keuntungan atau kerugian                   income, except for the recognition of impairment
            penurunan nilai, pendapatan bunga (termasuk                  gains or losses, interest revenue (including
            biaya transaksi menggunakan metode suku                      transaction costs by applying the effective
            bunga efektif), keuntungan atau kerugian yang                interest method), gains or losses arising on
            timbul dari penghentian dan keuntungan dan                   derecognition and foreign exchange gains and
            kerugian dari selisih kurs diakui pada laba                  losses which are recognized in profit or loss.
            rugi. Ketika aset keuangan dihentikan,                       When the financial asset is derecognized, the
            keuntungan atau kerugian nilai wajar kumulatif               cumulative fair value gains or losses previously
            yang sebelumnya diakui pada penghasilan                      recognized in other comprehensive income is
            komprehensif lain direklasifikasi pada laba                  reclassified to profit or loss.
            rugi.




                                                        17
Page 21
PT INDAL ALUMINIUM INDUSTRY Tbk                                                        PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                      AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                             STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                              As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                         And for the six-month periods ended
30 Juni 2023 dan 2022                                                                                  June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                                 (Expressed in Rupiah)

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

 h. Instrumen keuangan (lanjutan)                               h. Financial instruments (continued)

    i. Aset keuangan (lanjutan)                                     i. Financial assets (continued)
      Klasifikasi, pengakuan dan pengukuran                          Classification, recognition and measurement
         (lanjutan)                                                     (continued)
      (iii) Aset keuangan diukur pada nilai wajar melalui            (iii) Financial assets held at fair value through other
            penghasilan komprehensif lain (lanjutan)                       comprehensive income (“FVOCI”) (continued)
          - Investasi ekuitas di mana Grup telah memilih                   - Equity investments where the Group has
            secara tak terbatalkan untuk menyajikan                          irrevocably elected to present fair value gains
            keuntungan dan kerugian nilai wajar dari                         and     losses    on   revaluation   in   other
            revaluasi pada penghasilan komprehensif lain.                    comprehensive income.

            Pilihan dapat didasarkan pada investasi                          The election can be made for each individual
            individu, namun, tidak berlaku pada investasi                    investment, however, it is not applicable to equity
            ekuitas yang dimiliki untuk diperdagangkan.                      investments held for trading.
            Keuntungan atau kerugian nilai wajar dari                        Fair value gains or losses on revaluation of such
            revaluasi     investasi    ekuitas,     termasuk                 equity investments, including any foreign
            komponen       selisih   kurs,   diakui     pada                 exchange component, are recognized in other
            penghasilan      komprehensif     lain.    Ketika                comprehensive income. When the equity
            investasi ekuitas dihentikan pengakuannya,                       investment is derecognized, there is no
            keuntungan atau kerugian nilai wajar yang                        reclassification of fair value gains or losses
            sebelumnya       diakui   dalam     penghasilan                  previously recognized in other comprehensive
            komprehensif lain tidak direklasifikasi pada                     income to profit or loss. Dividends are recognized
            laba rugi. Dividen diakui dalam laba rugi ketika                 in profit or loss when the right to receive payment
            hak untuk menerima pembayaran telah                              is established.
            ditetapkan.

         Grup tidak memiliki aset keuangan dalam                     The Group does not have financial assets in this
         kategori ini.                                               category.

    ii Liabilitas keuangan                                          ii Financial liabilities
      Pengakuan awal                                                 Initial recognition
      Liabilitas keuangan dalam lingkup          PSAK     71         Financial liabilities within the scope of PSAK 71 are
      diklasifikasikan sebagai berikut:                              classified as follows:
      (i) Liabilitas keuangan yang diukur dengan biaya                (i) Financial liabilities are measured at amortized cost.
          perolehan diamortisasi.

      (ii) Liabilitas keuangan yang diukur dengan nilai               (ii) Financial liabilities measured at fair value through
           wajar melalui laba rugi.                                        profit or loss.




                                                           18
Page 22
PT INDAL ALUMINIUM INDUSTRY Tbk                                                       PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                     AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                            STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                             As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                        And for the six-month periods ended
30 Juni 2023 dan 2022                                                                                 June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                                   (Expressed in Rupiah)

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

 h. Instrumen keuangan (lanjutan)                               h. Financial instruments (continued)

    ii Liabilitas keuangan (lanjutan)                               ii Financial liabilities (continued)
      Pengakuan awal (lanjutan)                                      Initial recognition (continued)
      Grup menentukan klasifikasi liabilitas keuangan                The Group determines the classification of its financial
      mereka pada saat pengakuan awal.                               liabilities at initial recognition.

      Pada saat pengakuan awal, liabilitas keuangan                  At initial recognition, financial liabilities are recognized
      diukur pada nilai wajar dan, dalam hal liabilitas              at fair value and, in the case of financial liabilities at
      keuangan yang diukur dengan biaya perolehan                    amortized cost, less directly attributable transaction
      diamortisasi, dikurangi dengan biaya transaksi yang            costs.
      dapat diatribusikan secara langsung.

      Pada tanggal 30 Juni 2023 dan 31 Desember 2022,                As of June 30, 2023 and December 31, 2022, the
      liabilitas keuangan Entitas mencakup pinjaman bank             Entity’s financial liabilities included short-term bank
      jangka pendek, utang usaha, beban yang masih                   borrowings, accounts payable, accrued expenses,
      harus dibayar, liabilitas sewa dan utang lain-lain.            lease liabilities and other payables. Financial liabilities
      Liabilitas keuangan diklasifikasikan sebagai liabilitas        are classified as non current liabilities when the
      jangka panjang jika jatuh tempo melebihi 12 bulan              remaining maturity is more than 12 months, and as
      dan sebagai liabilitas jangka pendek jika jatuh tempo          current liabilities when the remaining maturity is less
      yang tersisa kurang dari 12 bulan.                             than 12 months.


      Pengukuran setelah pengakuan awal                              Subsequent measurement
      Setelah pengakuan awal, liabilitas keuangan yang               After initial recognition, interest-bearing financial
      diukur dengan biaya perolehan diamortisasi yang                liabilities at amortized cost are subsequently measured
      dikenakan bunga selanjutnya diukur pada biaya                  at amortized cost using the effective interest rate
      perolehan diamortisasi dengan menggunakan                      method.
      metode suku bunga efektif.

      Keuntungan atau kerugian diakui dalam laba rugi                Gains or losses are recognized in profit or loss when
      pada    saat   liabilitas   tersebut    dihentikan             the liabilities are derecognized as well as through the
      pengakuannya serta melalui proses amortisasi.                  amortization process.

      Penghentian pengakuan                                          Derecognition
      Liabilitas keuangan dihentikan pengakuannya pada               A financial liability is derecognized when it is discharged
      saat liabilitas tersebut dihentikan atau dibatalkan            or cancelled or has expired.
      atau kadaluwarsa.

    iii Kerugian Kredit Ekspektasian ("KKE")                       iii Expected Credit Losses (“ECL”)
      Pada setiap periode pelaporan, Entitas menilai                 At each reporting date, the Entity assesses whether the
      apakah risiko kredit dari instrumen keuangan telah             credit risk on a financial instrument has increased
      meningkat secara signifikan sejak pengakuan awal.              significantly since initial recognition. When making the
      Ketika melakukan penilaian, Entitas menggunakan                assessment, the Entity uses the change in the risk of a
      perubahan atas risiko gagal bayar yang terjadi                 default occurring over the expected life of the financial
      sepanjang perkiraan usia instrumen keuangan                    instrument instead of the change in the amount of ECL.
      daripada perubahan atas jumlah KKE.




                                                           19
Page 23
PT INDAL ALUMINIUM INDUSTRY Tbk                                                    PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                         STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                          As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                     And for the six-month periods ended
30 Juni 2023 dan 2022                                                                              June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                                (Expressed in Rupiah)

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

 h. Instrumen keuangan (lanjutan)                              h. Financial instruments (continued)

    iii Kerugian Kredit Ekspektasian ("KKE") (lanjutan)           iii Expected Credit Losses (“ECL”) (continued)
      Dalam         melakukan        penilaian,     Entitas         To make that assessment, the Entity compares the risk
      membandingkan antara risiko gagal bayar yang                  of a default occurring on the financial instrument as at
      terjadi atas instrumen keuangan pada saat periode             the reporting date with the risk of a default occurring on
      pelaporan dengan risiko gagal bayar yang terjadi              the financial instrument as at the date of initial
      atas instrumen keuangan pada saat pengakuan awal              recognition and consider reasonable and supportable
      dan      mempertimbangkan         kewajaran     serta         information, that is available without undue cost or effort
      ketersediaan informasi yang tersedia pada saat                at the reporting date about past events, current
      tanggal pelaporan terkait dengan kejadian masa lalu,          conditions and forecasts of future economic conditions,
      kondisi terkini dan prakiraan atas kondisi ekonomi di         that is indicative of significant increases in credit risk
      masa depan, yang mengindikasikan kenaikan risiko              since initial recognition.
      kredit sejak pengakuan awal.

      Entitas      menerapkan        pendekatan   yang              The Entity applies the “simplified approach” to measure
      disederhanakan untuk mengukur KKE yang                        ECL which uses a lifetime expected loss provisions for
      menggunakan cadangan KKE seumur hidup untuk                   all accounts receivable and other receivables without
      seluruh saldo piutang usaha dan piutang lain-lain             significant financing components and the “general
      tanpa komponen pendanaan yang signifikan dan                  approach” for all other financial assets. The general
      pendekatan umum untuk aset keuangan lainnya.                  approach incorporates a review for any significant
      Pendekatan umum termasuk penelahaan perubahan                 increase in counterparty credit risk since inception.
      signifikan risiko kredit sejak terjadinya.

      Penelaahan KKE termasuk asumsi mengenai risiko                The ECL reviews include assumptions about the risk of
      gagal bayar dan tingkat kerugian ekspektasian.                default and expected loss rates. For accounts
      Untuk piutang usaha, dalam pengkajian juga                    receivable, the assessment considers the use of credit
      mempertimbangkan penggunaan peningkatan kredit,               enhancements, for example, letters of credit and bank
      misalnya, letter of credit dan garansi bank. Untuk            guarantee. To measure the ECL, accounts receivable
      mengukur KKE, piutang usaha telah dikelompokkan               have been Entity based on similar credit risk
      berdasarkan karakteristik risiko kredit dan jatuh             characteristics and the days past due.
      tempo yang serupa.

    iv Instrumen keuangan saling hapus                            iv Offsetting financial instruments
      Aset keuangan dan liabilitas keuangan disalinghapus           Financial assets and liabilities are offset and the net
      dan jumlah netonya dilaporkan pada laporan posisi             amount is reported in the statements of financial
      keuangan ketika terdapat hak yang berkekuatan                 position when there is a legally enforceable right to
      hukum untuk melakukan saling hapus atas jumlah                offset the recognized amounts and there is an intention
      yang telah diakui tersebut dan adanya niat untuk              to settle on a net basis, or realize the asset and settle
      merealisasikan aset dan menyelesaikan liabilitas              the liability simultaneously. The legally enforceable right
      secara simultan. Hak saling hapus tidak kontinjen             must not be contingent on future events and must be
      atas peristiwa di masa depan dan dapat dipaksakan             enforceable in the normal course of business and in the
      secara hukum dalam situasi bisnis yang normal dan             event of default, insolvency or bankruptcy of the Entity
      dalam peristiwa gagal bayar, atau peristiwa                   or the counterparties.
      kepailitan atau kebangkrutan Entitas atau pihak
      lawan.




                                                          20
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                    PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                         STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                          As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                     And for the six-month periods ended
30 Juni 2023 dan 2022                                                                              June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                             (Expressed in Rupiah)

 2. IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
      (lanjutan)                                  (continued)
 i. Piutang usaha                                             i. Accounts receivable
   Piutang usaha diakui dan disajikan sebesar nilai             Accounts receivable are recognized and presented at net
   realisasi neto. Cadangan kerugian penurunan nilai            realizable value. Provision for declining in value is
   piutang ditentukan berdasarkan kebijakan yang                provided based upon the policy described on note 2h.
   disajikan dalam catatan 2h.

 j. Piutang retensi                                           j. Retentions receivable
   Piutang retensi merupakan piutang kepada pemberi             Retentions receivable are receivable from customers
   kerja yang akan dilunasi oleh pemberi kerja setelah          collectable after the fulfillment of the conditions as set in
   pemenuhan kondisi yang ditentukan dalam kontrak,             the contract, or until defects have been rectified.
   atau sampai kerusakan telah diperbaiki.
   Piutang retensi yang telah memenuhi kondisi                  Retentions receivable that have met the conditions of
   penyelesaian kontrak direklasifikasikan ke piutang           contract settlement are reclassified to accounts receivable.
   usaha.
   Lihat catatan 2h untuk informasi lebih lanjut mengenai       See note 2h for further information regarding the policy on
   kebijakan penentuan jumlah cadangan penurunan nilai          the determination of the amount of provision for declining
   piutang retensi.                                             in value of retentions receivable.

 k. Tagihan bruto kepada pemberi kerja                        k. Gross amount due to customers
   Tagihan bruto pemberi kerja merupakan piutang Entitas        Gross amount due to customers are the Entity's receivable
   yang berasal dari pekerjaan kontrak konstruksi yang          resulting from construction contract services which are still
   masih dalam pelaksanaan.                                     in progress.
   Tagihan bruto diakui sebagai pendapatan sesuai               Gross amount due are recognized as income based on the
   dengan metode persentase penyelesaian yang                   percentage of completion method which is stated in the
   dinyatakan dalam berita acara penyelesaian pekerjaan         minutes of work completion that have not yet been
   yang belum diterbitkan faktur karena perbedaan antara        invoiced due to the difference between the report date of
   tanggal laporan kemajuan penyelesaian fisik dengan           physical progress with date of the minutes and the filing of
   tanggal berita acara dan pengajuan penagihan pada            collections on the date of financial position.
   tanggal posisi keuangan.

 l. Persediaan                                                l. Inventories
   Persediaan dinyatakan berdasarkan biaya perolehan            Inventories are stated at cost or net realizable value,
   atau nilai realisasi neto, mana yang lebih rendah. Biaya     whichever is lower. Cost is determined using the weighted
   perolehan ditentukan dengan metode rata-rata                 average method. Inventory excludes borrowing costs.
   tertimbang. Persediaan tidak mencakup biaya
   pinjaman.

m. Beban dibayar dimuka                                       m. Prepaid expenses
   Biaya dibayar dimuka diamortisasi selama manfaat             Prepaid expenses are amortized over their beneficial
   masing-masing beban dengan menggunakan metode                periods using straight-line method.
   garis lurus.




                                                         21
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                   PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                        STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                         As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                    And for the six-month periods ended
30 Juni 2023 dan 2022                                                                             June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                           (Expressed in Rupiah)

 2. IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
      (lanjutan)                                  (continued)
 n. Aset tetap                                              n. Fixed assets
   Tanah dinyatakan berdasarkan nilai revaluasi yang          Land are stated at their revalued amounts, being the fair
   merupakan nilai wajar pada tanggal revaluasi               value at the date of revaluation, less any subsequent
   akumulasi rugi penurunan nilai yang terjadi setelah        accumulated impairment losses. Revaluation is made with
   tanggal revaluasi. Revaluasi dilakukan dengan              sufficient regularity to ensure that the carrying amount
   keteraturan yang memadai untuk memastikan bahwa            does not differ materially from that which would be
   jumlah tercatat tidak berbeda secara material dari         determined using fair value at the consolidated statements
   jumlah yang ditentukan menggunakan nilai wajar pada        of financial position date.
   tanggal laporan posisi keuangan konsolidasian.

   Kenaikan yang berasal dari revaluasi tanah diakui pada     Any increase arising from the revaluation of land are
   penghasilan komprehensif lain dan terakumulasi dalam       recognized in the other comprehensive income and
   ekuitas pada bagian surplus revaluasian, kecuali           accumulated in equity in the surplus revaluation part,
   sebelumnya penurunan revaluasi atas aset yang sama         unless it reverses a revaluation decrease for the same
   pernah diakui dalam laporan laba rugi dan penghasilan      assets which was previously recognized in the
   komprehensif lain konsolidasian.                           consolidated statements of profit or loss and other
                                                              comprehensive income.

   Dalam hal ini kenaikan revaluasi hingga sebesar            In which case the increase is credited in the consolidated
   penurunan nilai aset akibat revaluasi tersebut,            statements of profit or loss and other comprehensive
   dikreditkan dalam laporan laba rugi dan penghasilan        income to the extent of the decrease previously charged. A
   komprehensif lain konsolidasian. Penurunan jumlah          decrease in the carrying amount derived from land
   tercatat yang berasal dari revaluasi tanah dibebankan      revaluation charged to the income statement if those
   dalam laporan laba rugi apabila penurunan tersebut         decline exceed in surplus of the revaluation asset, if any.
   melebihi saldo surplus revaluasi aset yang
   bersangkutan, jika ada.

   Surplus revaluasi tanah yang telah disajikan dalam         The land revaluation surplus which presented in the equity
   ekuitas dipindahkan langsung ke saldo laba pada saat       is transferred directly to the retained earnings when the
   aset tersebut dihentikan pengakuannya. Akan tetapi,        asset is derecognized. However, part of the revaluation
   sebagian surplus revaluasi tersebut dapat dialihkan        surplus can be transferred coincide with the use of assets
   sejalan dengan penggunaan aset oleh Entitas. Dalam         by the Entity. In such case, the revaluation surplus
   kasus tersebut, surplus revaluasi yang dialihkan ke        transferred to retained earnings is equal to the difference
   saldo laba adalah sebesar perbedaan antara jumlah          between the amount of depreciation based on the
   penyusutan berdasarkan nilai revaluasian aset dan          revaluation value of the asset and the amount of
   jumlah penyusutan berdasarkan biaya perolehan              depreciation based on the initial acquisition cost. The
   awalnya. Pengalihan surplus revaluasi ke saldo laba        transfer of surplus revaluation to retained earnings is not
   tidak dilakukan melalui laba rugi.                         made through profit or loss.


   Setelah pengakuan awal, aset tetap, kecuali tanah          Subsequent to initial recognition, fixed assets, except land,
   dinyatakan sebesar biaya perolehan dikurangi               are carried at cost less any subsequent accumulated
   akumulasi penyusutan dan kerugian penurunan nilai,         depreciation and impairment losses, if any.
   jika ada.




                                                       22
Page 26
PT INDAL ALUMINIUM INDUSTRY Tbk                                                  PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                       STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                        As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                   And for the six-month periods ended
30 Juni 2023 dan 2022                                                                            June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                            (Expressed in Rupiah)

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

 n. Aset tetap (lanjutan)                                    n. Fixed assets (continued)
   Penyusutan aset dimulai pada saat aset tersebut siap        Depreciation of an asset starts when it is available for use
   untuk digunakan sesuai maksud penggunaannya dan             according to the intended use and is computed using the
   dihitung dengan menggunakan metode garis lurus              straight-line method based on the estimated useful lives of
   berdasarkan estimasi masa manfaat ekonomis aset             the assets as follows:
   tersebut sebagai berikut:

                                                     Tahun/ Years
   Bangunan                                               20                                                     Buildings
   Mesin-mesin dan peralatan                             5-15                                 Machineries and equipments
   Kendaraan                                              5                                                      Vehicles
   Inventaris kantor                                     5-10                                           Office equipments
   Matrys                                                 1                                                        Moulds
   Tanah dinyatakan sebesar nilai revaluasi dan tidak          Land is stated at revaluation value and not depreciated.
   disusutkan.
   Penilaian atas nilai tercatat aset tetap dilakukan jika     The fixed assets are reviewed for impairment or possible
   terjadi peristiwa atau perubahan keadaan yang               impairment on its cost when events or changes in
   mengindikasikan bahwa nilai tercatat aset mungkin           circumstances indicate that their carrying amounts may not
   tidak dapat terpulihkan seluruhnya.                         be fully recoverable.
   Biaya hukum awal untuk mendapatkan hak hukum                Initial legal costs incurred to obtain legal rights are
   diakui sebagai biaya akuisisi tanah, biaya-biaya            recognized as part of the acquisition cost of the land, and
   tersebut tidak didepresiasikan.                             these costs are not depreciated.
   Biaya-biaya yang terjadi sehubungan dengan                  Specific costs associated with the extention or renewal of
   perpanjangan atau pembaharuan hak atas tanah                land titles are deferred and amortized over the legal term
   ditangguhkan dan diamortisasi selama periode hak atas       of the land rights or economic life of the land, whichever is
   tanah atau taksiran masa manfaat ekonomis tanah,            shorter.
   mana yang lebih pendek.

   Grup menganalisa fakta dan keadaan untuk masing-            The Group analyses the facts and circumstances for each
   masing jenis hak atas tanah dalam menentukan                type of land rights in determining the accounting for each
   akuntansi untuk masing-masing hak atas tanah tersebut       of these land rights so that it can accurately represent an
   sehingga dapat merepresentasikan dengan tepat suatu         underlying economic event or transaction. If the land rights
   kejadian atau transaksi ekonomik yang mendasarinya.         do not transfer control of the underlying assets to the
   Jika hak atas tanah tersebut tidak mengalihkan              Group, but give the rights to use the underlying assets, the
   pengendalian atas aset pendasar kepada Grup,                Group applies the accounting treatment of these
   melainkan mengalihkan hak untuk menggunakan aset            transactions as leases under PSAK 73, “Leases”. If land
   pendasar, Grup menerapkan perlakuan akuntansi atas          rights are substantially similar to land purchases, the
   transaksi tersebut sebagai sewa berdasarkan PSAK 73,        Group applies PSAK 16 “Fixed assets”.
   “Sewa”. Jika hak atas tanah secara substansi
   menyerupai pembelian tanah, maka Grup menerapkan
   PSAK 16 “Aset tetap”.




                                                        23
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                    PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                         STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                          As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                     And for the six-month periods ended
30 Juni 2023 dan 2022                                                                              June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                                (Expressed in Rupiah)

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

 n. Aset tetap (lanjutan)                                     n. Fixed assets (continued)
   Nilai tercatat komponen dari suatu aset tetap dihentikan     The carrying amount of an item of fixed assets is
   pengakuannya pada saat dilepaskan atau saat sudah            derecognized upon disposal or when no future economic
   tidak ada lagi manfaat ekonomi masa depan yang               benefits are expected from its use or disposal. Any gain or
   diharapkan dari penggunaan maupun pelepasannya.              loss arising from the derecognition of the asset (calculated
   Keuntungan atau kerugian yang timbul dari                    as the difference between the net disposal proceeds and
   penghentian pengakuan tersebut (ditentukan sebesar           the carrying amount of the asset) is directly included in
   selisih antara jumlah hasil pelepasan neto dan nilai         profit or loss when the item is derecognized.
   tercatatnya) dimasukkan ke dalam laba rugi pada saat
   penghentian pengakuan tersebut dilakukan.


   Beban pemeliharaan dan perbaikan dibebankan pada             The cost of maintenance and repair are charged to
   saat terjadinya, pengeluaran yang memperpanjang              operations as incurred, expenditure which extend the
   masa manfaat atau memberi manfaat ekonomi di masa            useful life of the asset or result in increased future
   yang akan datang dalam bentuk peningkatan kapasitas,         economic benefit such as in capacity and improvement in
   mutu produksi, atau peningkatan standar kerja,               the quality of output or standard of performance are
   dikapitalisasi. Apabila suatu aset tetap tidak lagi          capitalized. When fixed assets are no longer used or
   digunakan atau dijual, maka harga perolehan dan              otherwise disposed of, their carrying value and the related
   akumulasi penyusutan aset tersebut dikeluarkan dari          accumulated depreciation are removed from the accounts
   akun aset tetap dan keuntungan atau kerugian yang            and any resulting gain or loss is reflected in the current
   terjadi diperhitungkan ke laba rugi tahun berjalan.          profit or loss.

   Aset dalam penyelesaian merupakan akumulasi dari             Assets in progress represents the accumulated cost of
   biaya-biaya pembelian bahan dan peralatan serta biaya        materials and other costs related to the construction in
   konstruksi lainnya hingga aset tersebut selesai dan siap     progress up to the date when the asset is completed and
   untuk digunakan. Biaya-biaya ini dipindahkan ke akun         ready to use. These costs are transferred to the relevant
   aset tetap pada saat pekerjaan selesai dan aset              fixed asset account when the asset has been made and
   tersebut siap untuk digunakan.                               ready to use.

 o. Properti investasi                                        o. Investment property
   Properti investasi adalah properti (tanah atau bangunan      Investment property is property (land or buildings or part of
   atau bagian dari suatu bangunan atau kedua-duanya)           a building or both) which is controlled (by the owner or
   yang dikuasai (oleh pemilik atau penyewa melalui sewa        lessee through lease financing) to produce a rental or for
   pembiayaan) untuk menghasilkan rental atau untuk             capital appreciation or both and not to:
   kenaikan nilai atau kedua-duanya dan tidak untuk:

   a. Digunakan dalam produksi atau penyediaan barang            a. Used in the production or supply of goods or services or
      atau jasa atau untuk tujuan administratif;                    for administrative purposes;
   b. Dijual dalam kegiatan usaha sehari-hari.                   b. Sold in the daily business activities.
   Properti investasi diukur sebesar nilai perolehan            Investment properties are         measured at cost less
   setelah dikurangi akumulasi penyusutan dan setiap            accumulated    depreciation       and any accumulated
   akumulasi kerugian penurunan nilai.                          impairment losses.
   Penyusutan properti investasi dihitung dengan                Depreciation of investment property is computed using the
   menggunakan metode garis lurus dengan taksiran               straight-line method with estimated useful lives for 20
   masa manfaat ekonomis selama 20 tahun.                       years.




                                                         24
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                    PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                         STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                          As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                     And for the six-month periods ended
30 Juni 2023 dan 2022                                                                              June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                               (Expressed in Rupiah)

 2. IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
      (lanjutan)                                  (continued)
 p. Aset tak berwujud                                         p. Intangible assets
   Aset tak berwujud dicatat berdasarkan biaya perolehan        Intangible assets are stated at cost less accumulated
   dikurangi akumulasi amortisasi dan penurunan nilai.          amortization and impairment. Intangible assets are
   Aset tak berwujud diamortisasi selama estimasi masa          amortized over their useful lives. The Entity estimates the
   manfaatnya. Entitas mengestimasi nilai yang dapat            recoverable value of its intangible assets.
   diperoleh kembali dari aset tak berwujud.


 q. Uang muka pendapatan                                      q. Advance revenue
   Uang muka pendapatan merupakan uang muka                     Advance revenue represents advances               receipt   of
   pekerjaan konstruksi yang diterima dari pemberi kerja.       construction work from the customers.

 r. Pengakuan pendapatan dan beban                            r. Revenue and expense recognition
   Entitas menerapkan PSAK 72 yang mensyaratkan                 The Entity has adopted PSAK 72, which requires revenue
   pengakuan pendapatan harus memenuhi lima langkah             recognition to fulfill five steps of assessment:
   analisa sebagai berikut:

   1. Identifikasi kontrak dengan pelanggan;                     1. Identify contract(s) with a customer;
   2. Mengidentifikasi kewajiban pelaksanaan         dalam       2. Identify the performance obligations in the contract;
      kontrak;
   3. Penetapan harga transaksi;                                 3. Determine the transaction price;
   4. Alokasi harga     transaksi   ke   setiap   kewajiban      4. Allocate the transaction price to each performance
      pelaksanaan;                                                  obligation;
   5. Pengakuan       pendapatan      ketika     kewajiban       5. Recognize revenue when the performance obligation is
      pelaksanaan telah dipenuhi dengan menyerahkan                 satisfied by transferring a promised good or service to a
      barang atau jasa yang dijanjikan ke pelanggan                 customer (which is when the customer obtains control
      (ketika pelanggan telah memiliki kendali atas barang          of that good or service).
      atau jasa tersebut).

   Pendapatan dari penjualan barang diakui bila                 Revenue from sale of goods is recognized when the
   kewajiban pelaksanaan dipenuhi oleh Entitas.                 performance obligation is satisfied by the Entity. Revenue
   Pendapatan diukur pada harga transaksi, yaitu jumlah         is measured at the transaction price, which is the amount
   imbalan yang diperkirakan menjadi hak Entitas.               of consideration to be entitled by the Entity.

   Penjualan lokal dan ekspor diakui pada saat hak              Local sales and export are recognized when title passes to
   kepemilikan beralih kepada pelanggan.                        the customer.
   Beban diakui pada saat diperoleh/terjadinya.                 All expense are recognized as incurred on accrual basis.




                                                         25
Page 29
PT INDAL ALUMINIUM INDUSTRY Tbk                                                   PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                        STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                         As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                    And for the six-month periods ended
30 Juni 2023 dan 2022                                                                             June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                             (Expressed in Rupiah)

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

 r. Pengakuan pendapatan dan beban (lanjutan)                 r. Revenue and expense recognition (continued)
   Pendapatan konstruksi Entitas Anak                           Construction revenue of Subsidiary

   Pembayaran harga transaksi berbeda untuk setiap              Payment of the transaction price differs for each contracts.
   kontrak. Aset kontrak diakui apabila kewajiban               Contract asset is recognized when performance obligation
   pelaksanaan yang telah dipenuhi melebihi pembayaran          satisfied is more than the payments by customer. Contract
   yang dilakukan oleh pelanggan. Liabilitas kontrak diakui     liability is recognized when the payments by customer is
   ketika pembayaran yang dilakukan oleh pelanggan              more than the performance obligation satisfied.
   melebihi kewajiban pelaksanaan yang telah dipenuhi.


   Pendapatan yang berhubungan dengan kontrak                   Revenues related to construction contracts are accounted
   konstruksi dicatat dengan menggunakan metode                 for using the percentage of completion method. Under this
   persentase penyelesaian. Dengan metode ini,                  method, the revenue recognized equals the latest estimate
   pendapatan yang diakui setara dengan estimasi terbaru        of the total value of the contract multiplied by the actual
   dari total nilai kontrak dikalikan dengan tingkat            completion rate determined by reference to the physical
   penyelesaian sebenarnya yang ditentukan dengan               state of progress of the works (output method).
   mengacu pada keadaan fisik kemajuan pekerjaan
   (metode output).

   Pendapatan kontrak terdiri dari jumlah pendapatan            Contract revenue comprises the initial amount of revenue
   semula   yang    disetujui  dalam     kontrak  dan           that agreed in the contract and variations in contract work,
   penyimpangan dalam pekerjaan kontrak, klaim, dan             claims, and incentive payments to the extent that is
   pembayaran insentif sepanjang hal ini memungkinkan           probable that it will result in revenue and can be realiably
   untuk menghasilkan pendapatan dan dapat diukur               measured.
   dengan andal.

   Jika adanya kemungkinan bahwa kontrak akan                   If it is regarded as probable that a contract will generate a
   menghasilkan kerugian pada saat penyelesaian                 loss on completion, a provision for expected losses to
   kontrak, penyisihan atas kerugian yang diperkirakan          completion is recognized as a current provision in the
   hingga penyelesaian kontrak diakui sebagai penyisihan        consolidated financial statements. The loss is provided for
   kini pada laporan keuangan konsolidasian. Kerugian           in full as soon as it is can be reliably measured,
   diakui secara penuh ketika dapat diukur secara andal,        irrespective of the completion rate.
   terlepas dari tingkat penyelesaian.

   Biaya kontrak yang tidak mungkin dipulihkan diakui           Contract costs that are not probable of being recovered
   segera sebagai beban tahun berjalan pada laba rugi.          are recognized as current year expenses in profit or loss.
   Entitas mengakui aset kontrak dan liabilitas kontrak         The Entity has recognized contract assets and contract
   sehubungan dengan pendapatan dari kontrak dengan             liabilities related with revenue from contract with
   pelanggan. Aset kontrak disajikan sebagai piutang            customers. Contract assets are presented as retentions
   retensi dan tagihan bruto kepada pemberi kerja.              receivable and gross amount due to customers. Contract
   Liabilitas kontrak disajikan sebagai jumlah uang muka        liabilities are presented as advance revenue.
   pendapatan.

   Beban langsung dan beban tidak langsung terkait              Direct and indirect costs related projects are allocated to a
   proyek dialokasikan ke suatu proyek tertentu, diakui         specific project, are recognized as an expense on the
   sebagai beban pada proyek yang bersangkutan.                 related projects.




                                                         26
Page 30
PT INDAL ALUMINIUM INDUSTRY Tbk                                                 PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                      STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                       As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                  And for the six-month periods ended
30 Juni 2023 dan 2022                                                                           June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                           (Expressed in Rupiah)

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

 r. Pengakuan pendapatan dan beban (lanjutan)               r. Revenue and expense recognition (continued)
   Pendapatan konstruksi Entitas Anak (lanjutan)              Construction revenue of Subsidiary (continued)

   Pendapatan dari penjualan barang diakui pada saat          Revenue from the sale of goods are recognized when
   barang dikirimkan dan risiko serta hak kepemilikan         goods already delivered and also its reisks and the rights
   berpindah kepada pelanggan.                                of ownership have been transferred to the customers.
   Beban diakui pada saat terjadinya (metode akrual),         Expenses are recognized as incurred (accrual basis),
   kecuali merupakan aset persediaan dan proyek dalam         unless they create an asset of inventories and project
   pelaksanaan yang terkait dengan aktivitas kontrak          under construction related to future contract activity.
   masa depan.

 s. Liabilitas imbalan kerja                                s. Employees benefits liabilities
   Grup mengakui liabilitas atas imbalan kerja karyawan       The Group provides post employment benefits under the
   sesuai Undang-undang Cipta Kerja No. 11/2020 dan           Job Creation Law No. 11/2020 and Government
   Peraturan Pemerintah No. 35/2021. Nilai kini kewajiban     Regulation No. 35/2021. The present value of defined
   imbalan pasti, beban jasa kini dan beban jasa lalu         benefit obligation, current service cost and past service
   ditentukan dengan menggunakan metode penilaian             cost is determined using “Projected Unit Credit”.
   “Projected Unit Credit”.
   Nilai kini liabilitas imbalan pasti ditentukan dengan      The present value of the defined benefit obligation is
   mendiskontokan estimasi arus kas di masa depan             determined by discounting the estimated future cash
   dengan menggunakan tingkat bunga obligasi                  outflows using the yield at the end of the reporting period
   pemerintah jangka panjang pada akhir periode               of long-term government bonds denominated in Rupiah in
   pelaporan dalam mata uang Rupiah sesuai dengan             which the benefits will be paid and that have terms to
   mata uang di mana imbalan tersebut akan dibayarkan         maturity similar to the related pension obligation.
   dan yang memiliki jangka waktu yang sesuai dengan
   liabilitas imbalan pensiunan yang bersangkutan.

   Pengukuran kembali yang timbul dari penyesuaian dan        Remeasurements arising from experience adjustments
   perubahan dalam asumsi-asumsi aktuarial langsung           and changes in actuarial assumptions are directly
   diakui seluruhnya melalui penghasilan komprehensif         recognized in other comprehensive income.
   lainnya.

   Biaya jasa lalu yang timbul dari amendemen atau            Past service cost arising from amendement or curtailment
   kurtailmen program diakui sebagai beban dalam laba         programs are recognized as expense in profit or loss when
   rugi pada saat terjadinya.                                 incurred.

 t. Pajak penghasilan                                       t. Income tax
   Beban pajak kini ditentukan berdasarkan laba kena          Current tax expenses is provided based on the estimated
   pajak tahun berjalan. Aset dan liabilitas pajak            income for the year. Deferred tax asset and liabilities are
   tangguhan diakui atas perbedaan temporer antara aset       recognized for temporary differences between the financial
   dan liablitas untuk tujuan komersial dan untuk tujuan      and the tax basis of assets and liabilities at each reporting
   perpajakan setiap tanggal pelaporan.                       date.




                                                       27
Page 31
PT INDAL ALUMINIUM INDUSTRY Tbk                                                    PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                         STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                          As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                     And for the six-month periods ended
30 Juni 2023 dan 2022                                                                              June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                               (Expressed in Rupiah)

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

 t. Pajak penghasilan (lanjutan)                              t. Income tax (continued)
   Aset pajak tangguhan diakui dengan metode liabilitas         Deferred tax assets are recognized using liability method
   untuk seluruh perbedaan temporer yang boleh                  for all deductible temporary differences and carry forward
   dikurangkan dan saldo rugi fiskal yang belum                 of unused tax losses to the extent that it is probable that
   dikompensasikan, sepanjang tersedia laba fiskal pada         future taxable profits will be available against which the
   masa yang akan datang untuk mengkompensasi                   deductible temporary differences and carry forward of
   perbedaan temporer dan rugi fiskal yang belum                unused tax losses can be utilized.
   dikompensasikan tersebut.

   Aset dan liabilitas pajak tangguhan diukur berdasarkan       Deferred tax assets and liabilities are measured at the tax
   tarif pajak yang akan berlaku pada tahun saat aset           rates that are expected to apply to the year when the asset
   direalisasikan atau liabilitas diselesaikan berdasarkan      is realized or the liability is settled based on tax laws that
   peraturan perpajakan yang berlaku atau yang telah            have been enacted or substantively enacted as at
   secara substantif telah diberlakukan pada tanggal            statement of financial position date. The related tax effects
   laporan posisi keuangan. Pengaruh pajak terkait              of all temporary differences during the period, are
   dengan seluruh perbedaan temporer selama periode             recognized in the profit or loss for the period, except to the
   berjalan, diakui dalam laba atau rugi periode berjalan,      extent that they relate to items previously charged or
   kecuali untuk transaksi-transaksi yang sebelumnya            credited to equity.
   telah langsung dibebankan atau dikreditkan ke ekuitas.


   Untuk setiap entitas yang dikonsolidasi, pengaruh pajak      For each of the consolidated entities, the tax effects of
   atas perbedaan temporer dan akumulasi rugi pajak,            temporary differences and tax loss carryover, which
   yang masing-masing dapat berupa aset atau liabilitas,        individually are either assets or liabilities, are shown at the
   disajikan dalam jumlah neto untuk masing-masing              applicable net amounts.
   entitas tersebut.

   Pajak penghasilan final                                      Final income tax

   Pajak penghasilan PT Indalex, Entitas Anak dari              Income tax of PT Indalex, Subsidiary from construction
   aktivitas jasa konstruksi dihitung berdasarkan Peraturan     services activities is computed based on the Government
   Pemerintah (PP) No. 9 tahun 2022 pajak penghasilan           Regulation (PP) No. 9 year 2022 concerning income tax
   atas penghasilan dari usaha jasa konstruksi yang             from the construction business which became effective
   berlaku efektif mulai tanggal 21 Februari 2022, dimana       starting February 21, 2022, where the final tax at 2,65% is
   pajak final sebesar 2,65% dikenakan pada kontrak-            applied for contracts signed starting February 21, 2022
   kontrak yang ditandatangani sejak tanggal 21 Februari        and for contract or partial of contract starting from this PP
   2022 dan untuk pembayaran kontrak terhitung sejak PP         applies.
   ini berlaku.

   Perbedaan nilai tercatat aset dan liabilitas yang            The difference between the financial statement carrying
   berhubungan dengan pajak penghasilan final dengan            amounts of existing assets and liabilities relate to the final
   dasar pengenaan pajaknya tidak diakui sebagai aset           income tax, and their respective final tax bases are not
   atau liabilitas pajak tangguhan.                             recognized as deferred tax assets or liabilities.




                                                         28
Page 32
PT INDAL ALUMINIUM INDUSTRY Tbk                                                    PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                         STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                          As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                     And for the six-month periods ended
30 Juni 2023 dan 2022                                                                              June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                               (Expressed in Rupiah)

 2. IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
      (lanjutan)                                  (continued)
 u. Sewa                                                      u. Leases
   Suatu kontrak mengandung sewa jika kontrak tersebut          A contract contains a lease if the contract conveys the right
   memberikan hak untuk mengendalikan penggunaan                to control the use of an asset for a period of time in
   aset selama jangka waktu tertentu yang dipertukarkan         exchange for consideration. The Entity leases certain fixed
   dengan imbalan. Entitas menyewa aset tetap tertentu          asset by recognising the right-of-use asset and lease
   dengan mengakui aset hak-guna dan liabilitas sewa.           liabilities.

   Aset hak-guna diakui sebesar biaya perolehan,                The right-of-use assets are stated at cost, less
   dikurangi   dengan    akumulasi penyusutan    dan            accumulated depreciation and impairment. Right-of-use
   penurunan nilai. Aset hak guna disusutkan selama             assets are depreciated over the shorter of the useful life of
   jangka waktu yang lebih pendek antara umur manfaat           the assets or the lease term.
   aset hak-guna atau masa sewa.

   Liabilitas sewa diukur pada nilai kini pembayaran sewa       Lease liabilities are measured at the present value of the
   yang belum dibayar. Setiap pembayaran sewa                   lease payments that are not paid. Each lease payment is
   dialokasikan antara porsi pelunasan liabilitas dan biaya     allocated between the liability portion and finance cost.
   keuangan. Liabilitas sewa, disajikan sebagai liabilitas      Lease liabilities are classified in long-term liabilities except
   jangka panjang kecuali untuk bagian yang jatuh tempo         for those with maturities of 12 months or less which are
   dalam waktu 12 bulan atau kurang yang disajikan              included in current liabilities. The interest element of the
   sebagai liabilitas jangka pendek. Unsur bunga dalam          finance cost is charged to profit or loss over the lease
   biaya keuangan dibebankan ke laba rugi selama masa           period so as to produce a constant rate of interest on the
   sewa yang menghasilkan tingkat suku bunga konstan            remaining balance of the liability.
   atas sisa saldo liabilitas.

   Entitas tidak mengakui aset hak guna dan liabilitas          The Entity do not recognize right-of-use assets and lease
   sewa untuk:                                                  liabilities for:

   - Sewa jangka-pendek yang memiliki masa sewa dua             - Short-term leases that have a lease term of twelve (12)
     belas (12) bulan atau kurang; atau                           months or less; or
   - Sewa yang asetnya bernilai rendah. Pembayaran              - Lease with low-value assets. Payments made under
     yang dilakukan untuk sewa tersebut dibebankan ke             those leases are charged to profit or loss on a straight
     laba rugi dengan dasar garis lurus selama masa               line basis over the period of the lease.
     sewa.

 v. Laba per saham dasar                                      v. Basic earnings per share
   Laba per saham dihitung dengan membagi laba                  Earnings per share are computed by dividing income for
   periode berjalan yang dapat diatribusikan kepada             the period attributable to the equity holders of the parent
   pemilik entitas induk dengan rata-rata tertimbang            entity over the weighted average number of issued and
   jumlah saham yang beredar dan disetor penuh selama           fully paid shares during the period.
   periode yang bersangkutan.




                                                         29
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                     PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                   AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                          STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                           As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                      And for the six-month periods ended
30 Juni 2023 dan 2022                                                                               June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                               (Expressed in Rupiah)

 2. IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
      (lanjutan)                                  (continued)
w. Informasi segmen                                             w. Segment information
   Segmen adalah bagian khusus dari Grup yang terlibat            A segment is a distinguishable component of the Entity
   baik dalam menyediakan produk dan jasa (segmen                 that is engaged either in providing certain products
   usaha) maupun dalam menyediakan produk dan jasa                (business segment) or in providing products within a
   dalam lingkungan ekonomi tertentu (segmen geografis)           particular economic environment (geographical segment)
   yang memiliki risiko dan imbalan yang berbeda dari             which is subject to risks and rewards that are different from
   segmen lainnya.                                                those of other segments.

   Pendapatan, beban, hasil, aset dan liabilitas segmen           Segment revenue, expenses, results, assets and liabilities
   termasuk item-item yang dapat diatribusikan langsung           include items directly attributable to a segment as well as
   kepada suatu segmen serta hal-hal yang dapat                   those that can be allocated on a reasonable basis to that
   dialokasikan dengan dasar yang sesuai kepada                   segment.
   segmen tersebut.

   Segmen ditentukan sebelum saldo dan transaksi antar            They are determined before intra-group balances and
   grup di eliminasi sebagai bagian dari proses                   intra-group transactions are eliminated as part of
   konsolidasi.                                                   consolidation process.

 x. Penurunan nilai aset non-keuangan                           x. Impairment of non-financial assets
   Aset yang memiliki masa manfaat yang tidak terbatas            Assets that have an indefinite useful life are not subject to
   tidak diamortisasi namun diuji penurunan nilainya              amortization but tested annually for impairment, or more
   setiap tahun, atau lebih sering apabila terdapat               frequently if events or changes in circumstances indicate
   peristiwa atau perubahan pada kondisi yang                     that they might be impaired. Assets that are subject to
   mengindikasikan kemungkinan penurunan nilai. Aset              amortization are reviewed for impairment whenever events
   yang tidak diamortisasi diuji ketika terdapat indikasi         or changes in circumstances indicate that the carrying
   bahwa nilai tercatatnya mungkin tidak dapat dipulihkan.        amount may not be recoverable. An impairment loss is
   Penurunan nilai diakui jika nilai tercatat aset melebihi       recognized for the amount by which the asset’s carrying
   jumlah terpulihkan. Jumlah terpulihkan adalah yang             amount exceeds its recoverable amount. The recoverable
   lebih tinggi antara nilai wajar aset dikurangi biaya untuk     amount is the higher of an asset’s fair value less costs of
   menjual dan nilai pakai aset. Dalam menentukan                 disposal and value in use. For the purposes of assessing
   penurunan nilai, aset dikelompokkan pada tingkat yang          impairment, assets are grouped at the lowest levels for
   paling rendah dimana terdapat arus kas yang dapat              which there are separately identifiable cash flows.
   diidentifikasi.

   Aset non-keuangan selain goodwill yang mengalami               Non-financial assets other than goodwill that suffer
   penurunan nilai diuji setiap tanggal pelaporan untuk           impairment are reviewed for possible reversal of the
   menentukan apakah terdapat kemungkinan pemulihan               impairment at each reporting date. Reversal on impairment
   penurunan nilai. Pemulihan rugi penurunan nilai, untuk         loss for assets other than goodwill would be recognized if,
   aset selain goodwill, diakui jika, dan hanya jika,             and only if, there has been a change in estimates used to
   terdapat perubahan estimasi yang digunakan dalam               determine the asset’s recoverable amount since the last
   menentukan jumlah terpulihkan aset sejak pengujian             impairment test was carried out. Reversal on impairment
   penurunan nilai terakhir kali. Pembalikan rugi                 losses will be immediately recognized in profit or loss,
   penurunan nilai tersebut diakui segera dalam laba rugi,        except for assets measured using the revaluation model as
   kecuali aset yang disajikan pada jumlah revaluasian            required by other PSAK.
   sesuai dengan PSAK lain.




                                                           30
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                   PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                        STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                         As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                    And for the six-month periods ended
30 Juni 2023 dan 2022                                                                             June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                               (Expressed in Rupiah)

 2. IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
      (lanjutan)                                  (continued)
 y. Transaksi dengan pihak yang berelasi                     y. Transactions with related party
   Entitas melakukan transaksi dengan pihak-pihak              The Entity has transactions with related parties. In
   berelasi. Berdasarkan PSAK 7, "Pengungkapan Pihak-          accordance with the PSAK 7, "Related Party Disclosures".
   Pihak yang berelasi". Seluruh transaksi dan saldo           All significant transactions and balances with related
   material dengan pihak-pihak berelasi diungkapkan            parties are disclosed in the notes to financial statements
   dalam catatan atas laporan keuangan (lihat                  (see note 41).
             catatan 41).

 3. SUMBER ESTIMASI KETIDAKPASTIAN                           3. SOURCE OF ESTIMATION UNCERTAINTY
   Penyusunan       laporan    keuangan      konsolidasian     The preparation of the consolidated financial statements
   mengharuskan        manajemen       untuk     membuat       requires management to make judgments, estimates and
   pertimbangan, estimasi dan asumsi yang memengaruhi          assumptions that affect the reported amounts of revenues,
   jumlah yang dilaporkan dari pendapatan, beban, aset         expenses, assets and liabilities, and the disclosure of
   dan liabilitas, dan pengungkapan atas liabilitas            contingent liabilities, at the end of the reporting period.
   kontijensi,    pada     akhir   periode     pelaporan.      Uncertainty about these assumptions and estimates could
   Ketidakpastian mengenai asumsi dan estimasi tersebut        result in outcomes that require a material adjustment to the
   dapat mengakibatkan penyesuaian material terhadap           carrying amount of the asset and liability affected in future
   nilai tercatat pada aset dan liabilitas dalam periode       periods.
   pelaporan berikutnya.


   Pertimbangan                                                Judgments
   Pertimbangan berikut ini dibuat oleh manajemen dalam        The following judgments are made by management in the
   rangka penerapan kebijakan akuntansi yang memiliki          process of applying the accounting policies that have the
   pengaruh paling signifikan atas jumlah yang diakui          most significant effects on the amounts recognized in the
   dalam laporan keuangan konsolidasian:                       consolidated financial statements:

   Klasifikasi aset dan liabilitas keuangan                    Classification of financial assets and liabilities
   Grup menetapkan klasifikasi atas aset dan liabilitas        The Group determines the classifications of certain assets
   tertentu sebagai aset keuangan dan liabilitas keuangan      and liabilities as financial assets and financial liabilities by
   dengan mempertimbangkan bila definisi yang                  judging if they meet the definition set forth in PSAK 71.
   ditetapkan PSAK 71 dipenuhi. Dengan demikian, aset          Accordingly, the financial assets and financial liabilities are
   keuangan dan liabilitas keuangan diakui sesuai dengan       accounted for in accordance with the Group's accounting
   kebijakan akuntansi Grup seperti diungkapkan pada           policies disclosed in note 2h.
   catatan 2h.

   Pajak penghasilan                                           Income tax
   Pertimbangan signifikan dilakukan dalam menentukan          Significant judgment is involved in determining the
   provisi atas pajak penghasilan badan. Terdapat              provision for corporate income tax. There are certain
   transaksi dan perhitungan tertentu yang penentuan           transactions and computation for which the ultimate tax
   pajak akhirnya adalah tidak pasti sepanjang kegiatan        determination is uncertain during the ordinary course of
   usaha normal. Grup mengakui liabilitas atas pajak           business. The Group recognizes liabilities for expected
   penghasilan badan berdasarkan estimasi apakah akan          corporate income tax issues based on estimates of
   terdapat tambahan pajak penghasilan badan.                  whether additional corporate income tax will be due.




                                                        31
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                    PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                         STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                          As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                     And for the six-month periods ended
30 Juni 2023 dan 2022                                                                              June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                              (Expressed in Rupiah)

 3. SUMBER ESTIMASI KETIDAKPASTIAN (lanjutan)                  3. SOURCE OF ESTIMATION UNCERTAINTY (continued)

   Pertimbangan (lanjutan)                                       Judgments (continued)
   Sewa                                                          Leases
   Penentuan apakah suatu perjanjian mengandung unsur            Determining whether an arrangement is or contains a
   sewa membutuhkan pertimbangan yang cermat untuk               lease requires careful judgement to assess whether the
   menilai apakah perjanjian tersebut memberikan hak             arrangement conveys a right to obtain substantially all the
   untuk mendapatkan secara subtansial seluruh manfaat           economic benefits from use of the asset throughout the
   ekonomi dari penggunaan aset identifikasian dan hak           period of use and right to direct the use of the asset, even
   untuk mengarahkan penggunaan aset identifikasian,             if the right is not explicitly specified in the arrangement.
   bahkan jika hak tersebut tidak dijabarkan secara
   eksplisit di perjanjian.

   Grup mempunyai beberapa perjanjian sewa di mana               The Group has various lease agreements where the Group
   Grup bertindak sebagai penyewa untuk beberapa aset            acts as a lessee in respect of certain assets. The Group
   tertentu. Grup mengevaluasi apakah terdapat risiko dan        evaluates whether significant risks and rewards of
   manfaat kepemilikan yang signifikan dari aset sewaan          ownership of the leased asset are transferred to the lessee
   yang dialihkan kepada penyewa berdasarkan PSAK 73,            based on PSAK 73, which requires the Group to make
   yang mensyaratkan Grup untuk membuat pertimbangan             judgements and estimates of transfer of risks and rewards
   dan estimasi dari pengalihan risiko dan manfaat terkait       of ownership of a leased asset.
   atas kepemilikan aset sewaan.


   Karena Grup tidak dapat dengan mudah menentukan               Since the Group could not readily determine the implicit
   suku bunga implisit, manajemen menggunakan suku               rate, management used the Group's incremental borrowing
   bunga pinjaman inkremental Grup sebagai tingkat               rate as a discount rate. There are a number factors to
   diskonto.     Ada   beberapa       faktor   yang    perlu     consider in determining an incremental borrowing rate,
   dipertimbangkan dalam menentukan suku bunga                   many of which need judgement in order to be able to
   pinjaman inkremental, yang banyak di antaranya                reliably quantify any necessary adjustments to arrive at the
   memerlukan pertimbangan untuk dapat secara andal              final discount rates. In determining an incremental
   mengukur penyesuaian yang diperlukan untuk sampai             borrowing rate, the Group considers the following main
   pada tingkat diskonto akhir. Dalam menentukan suku            factors: the Group’s corporate credit risk, the lease term,
   bunga pinjaman inkremental, Grup mempertimbangkan             the lease payment term, the economic environment, the
   faktor-faktor utama berikut: risiko kredit korporat Grup,     time at which the lease is entered into, and the currency in
   jangka waktu sewa, jangka waktu pembayaran sewa,              which the lease payments are denominated.
   lingkungan ekonomi, waktu di mana sewa dimasukkan,
   dan mata uang di mana pembayaran sewa ditentukan.


   Dalam menentukan jangka waktu sewa, Grup                      In determining the lease term, the Group considers all
   mempertimbangkan semua fakta dan keadaan yang                 facts and circumstances that create an economic incentive
   menimbulkan insentif ekonomi untuk menggunakan                to exercise an extension option, or not exercise a
   opsi perpanjangan, atau tidak menggunakan opsi                termination option. Extension options (or periods after
   penghentian. Opsi perpanjangan (atau periode setelah          termination options) are only included in the lease term if
   opsi penghentian kontrak kerja) hanya termasuk dalam          the lease is reasonably certain to be extended (or not
   jangka waktu sewa jika cukup pasti akan diperpanjang          terminated).
   (atau tidak dihentikan).




                                                          32
Page 36
PT INDAL ALUMINIUM INDUSTRY Tbk                                                     PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                   AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                          STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                           As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                      And for the six-month periods ended
30 Juni 2023 dan 2022                                                                               June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                                 (Expressed in Rupiah)

 3. SUMBER ESTIMASI KETIDAKPASTIAN (lanjutan)                   3. SOURCE OF ESTIMATION UNCERTAINTY (continued)

   Pertimbangan (lanjutan)                                        Judgments (continued)
   Sewa (lanjutan)                                                Leases (continued)
   Penilaian tersebut ditinjau jika terjadi peristiwa             The lease term is reviewed if a significant event or a
   signifikan atau perubahan signifikan dalam situasi yang        significant change in circumstances occurs which affects
   memengaruhi penilaian ini dan berada dalam kendali             this assessment and that is within the control of the Group.
   Grup. Untuk tahun yang berakhir pada tanggal 30 Juni           For the year ended June 30, 2023 and December 31,
   2023 dan 31 Desember 2022, tidak ada revisi                    2022, there is no revision of lease terms to reflect the
   persyaratan sewa untuk mencerminkan efek dari                  effect of exercising extension and termination options.
   melaksanakan opsi perpanjangan dan penghentian
   hubungan kerja.

   Penentuan mata uang fungsional                                 Determination of functional currency
   Mata uang fungsional adalah mata uang dari                     The functional currency is the currency of the primary
   lingkungan ekonomi primer di mana Grup beroperasi.             economic environment in which the Group operates. The
   Manajemen mempertimbangkan mata uang yang paling               management considered the currency that mainly
   memengaruhi pendapatan dan beban dari jasa yang                influences the revenue and cost of rendering services and
   diberikan serta mempertimbangkan indikator lainnya             other indicators in determining the currency that most
   dalam menentukan mata uang yang paling tepat                   faithfully represents the economic effects of the underlying
   menggambarkan pengaruh ekonomi dari transaksi,                 transactions, events, and conditions.
   kejadian, dan kondisi yang mendasari.

   Estimasi dan asumsi                                            Estimates and assumptions
   Asumsi utama masa depan dan sumber utama estimasi              The key assumptions concerning the future and other key
   ketidakpastian lain pada tanggal pelaporan yang                sources of estimation uncertainty at the reporting date that
   memiliki risiko signifikan bagi penyesuaian yang               have a significant risk of causing a material adjustment to
   material terhadap nilai tercatat aset dan liabilitas untuk     the carrying amounts of assets and liabilities within the
   periode/tahun berikutnya diungkapkan di bawah ini.             next financial period/year are disclosed below. The Group
   Grup mendasarkan asumsi dan estimasi pada                      based its assumptions and estimates on parameters
   parameter yang tersedia pada saat laporan keuangan             available when the financial statements were prepared.
   disusun. Asumsi dan situasi mengenai perkembangan              Existing circumstances and assumptions about future
   masa depan mungkin berubah akibat perubahan pasar              developments may change due to market changes or
   atau situasi di luar kendali Grup. Perubahan tersebut          circumstances arising beyond the control of the Group.
   dicerminkan dalam asumsi terkait pada saat terjadinya.         Such changes are reflected in the assumptions when they
                                                                  occur.


   Imbalan pasca kerja                                            Post-employment benefits
   Penentuan liabilitas dan biaya pensiun dan liabilitas          The determination of the Group's obligations and cost for
   imbalan kerja Grup bergantung pada pemilihan asumsi            pension and employee benefits liabilities is dependent on
   yang digunakan oleh aktuaris independen dalam                  its selection of certain assumptions used by the
   menghitung jumlah-jumlah tersebut. Asumsi tersebut             independent actuaries in calculating such amounts. Those
   termasuk antara lain: tingkat diskonto, tingkat kenaikan       assumptions include among others, discount rates, future
   gaji tahunan, tingkat pengunduran diri karyawan                annual salary increase, annual employee turnover rate,
   tahunan, tingkat kecacatan, umur pensiun, dan tingkat          disability rate, retirement age, and mortality rate.
   kematian.




                                                           33
Page 37
PT INDAL ALUMINIUM INDUSTRY Tbk                                                     PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                   AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                          STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                           As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                      And for the six-month periods ended
30 Juni 2023 dan 2022                                                                               June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                               (Expressed in Rupiah)

 3. SUMBER ESTIMASI KETIDAKPASTIAN (lanjutan)                   3. SOURCE OF ESTIMATION UNCERTAINTY (continued)

   Estimasi dan asumsi (lanjutan)                                 Estimates and assumptions (continued)
   Imbalan pasca kerja (lanjutan)                                 Post-employment benefits (continued)
   Hasil aktual yang berbeda dari asumsi yang ditetapkan          Actual results that differ from the Group's assumptions are
   Grup langsung diakui dalam laporan laba rugi dan               recognized immediately in the consolidated statements of
   penghasilan komprehensif lain konsolidasian pada saat          profit or loss and other comprehensive income as and
   terjadinya. Sementara Grup berkeyakinan bahwa                  when they occurred. While the Group believes that its
   asumsi tersebut adalah wajar dan sesuai, perbedaan             assumptions are reasonable and appropriate, significant
   signifikan pada hasil aktual atau perubahan signifikan         differences in the Group's actual experiences or significant
   dalam asumsi yang ditetapkan Grup dapat                        changes in the Group's in the Group's assumptions may
   memengaruhi secara material liabilitas diestimasi atas         materially affect its estimated liabilities for pension and
   pensiun dan imbalan kerja dan beban imbalan kerja              employees' benefits and net employee benefits expenses.
   neto.

   Nilai tercatat liabilitas diestimasi atas imbalan kerja        The carrying amount of the Group's estimated liabilities for
   Grup pada tanggal 30 Juni 2023 dan 31 Desember                 employee benefits as of June 30, 2023 and December 31,
   2022 lebih rinci diungkapkan pada catatan 37.                  2022 are disclosed in note 37.

   Penyusutan properti investasi dan aset tetap                   Depreciation of investment property and fixed assets
   Biaya perolehan properti investasi dan aset tetap              The costs of investment property and fixed assets are
   disusutkan dengan menggunakan metode garis lurus               depreciated on a straight-line method over their estimated
   berdasarkan taksiran masa manfaat ekonomisnya.                 useful lives. Management estimates the useful lives of
   Manajemen mengestimasi masa manfaat ekonomis                   these fixed assets to be within 1 to 20 years. These are
   aset tetap antara 1 sampai dengan 20 tahun. Ini adalah         common life expectancies applied in the industries where
   umur yang secara umum diharapkan dalam industri                the Group conducts its businesses. Changes in the
   dimana Grup menjalankan bisnisnya. Perubahan                   expected level of usage and technological development
   tingkat pemakaian dan perkembangan teknologi dapat             could impact the economic useful lives and the residual
   memengaruhi masa manfaat ekonomis dan nilai sisa               values of these assets, and therefore future depreciation
   aset, dan karenanya biaya penyusutan masa depan                charges could be revised.
   mungkin direvisi.

   Nilai tercatat neto atas properti investasi dan aset tetap     The net carrying amount of the Group's investment
   Grup pada tanggal 30 Juni 2023 dan 31 Desember                 property and fixed assets as of June 30, 2023 and
   2022 lebih rinci diungkapkan pada catatan 15 dan 16.           December 31, 2022 are disclosed in note 15 and 16.


   Cadangan kerugian penurunan nilai piutang usaha,               Provision for impairment losses of accounts receivable,
   tagihan bruto kepada pemberi kerja dan piutang lain-           gross amount due to customers and other receivables
   lain
   Grup menggunakan matriks provisi untuk menghitung              The Group uses a provision matrix to calculate ECLs for
   KKE untuk piutang usaha, tagihan bruto kepada                  accounts receivable, gross amount due to customers, and
   pemberi kerja, dan piutang lain-lain. Tingkat provisi          other receivables. The provision rates are based on days
   didasarkan pada hari lewat jatuh tempo untuk                   past due for groupings of various customer segments that
   pengelompokan berbagai segmen pelanggan yang                   have similar loss patterns (i.e., by geography, product
   memiliki pola kerugian yang serupa (yaitu, berdasarkan         type, customer type and rating, and coverage by letters of
   wilayah geografis, jenis produk, jenis dan peringkat           credit and other forms of credit insurance).
   pelanggan, dan pertanggungan berdasarkan surat
   kredit dan bentuk asuransi kredit lainnya).




                                                           34
Page 38
PT INDAL ALUMINIUM INDUSTRY Tbk                                                     PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                   AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                          STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                           As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                      And for the six-month periods ended
30 Juni 2023 dan 2022                                                                               June 30, 2023 and 2022

(Disajikan dalam Rupiah)                                                                                (Expressed in Rupiah)

 3. SUMBER ESTIMASI KETIDAKPASTIAN (lanjutan)                  3. SOURCE OF ESTIMATION UNCERTAINTY (continued)

   Estimasi dan asumsi (lanjutan)                                Estimates and assumptions (continued)
   Cadangan kerugian penurunan nilai piutang usaha,              Provision for impairment losses of accounts receivable,
   tagihan bruto kepada pemberi kerja dan piutang lain-          gross amount due to customers and other receivables
   lain (lanjutan)                                               (continued)
   Matriks provisi pada awalnya didasarkan pada tingkat          The provision matrix is initially based on the Group’s
   gagal bayar Grup yang diamati secara historis. Grup           historical observed default rates. The Group will calibrate
   akan mengkalibrasi matriks untuk menyesuaikan                 the matrix to adjust the historical credit loss experience
   pengalaman kerugian kredit historis dengan informasi          with forward-looking information. For instance, if forecast
   yang bersifat perkiraan masa depan (forward-looking).         economic conditions (i.e., inflation rate, foreign exchange
   Misalnya, jika perkiraan kondisi ekonomi (yaitu, tingkat      rate, global oil price) are expected to deteriorate over the
   inflasi, perubahan selisih kurs, harga minyak dunia)          next year which can lead to an increased number of
   diekspektasikan akan memburuk pada tahun berikutnya           defaults in the industrial sector, the historical default rates
   yang dapat menyebabkan peningkatan jumlah gagal               are adjusted. At every reporting date, the historical
   bayar di sektor industri, tingkat gagal bayar historis        observed default rates are updated and changes in the
   disesuaikan. Pada setiap tanggal pelaporan, tingkat           forward-looking estimates are analyzed.
   gagal bayar yang diamati secara historis diperbarui dan
   perubahan dalam estimasi perkiraan masa depan
   dianalisis.


   Penilaian korelasi antara tingkat default yang diamati        The assessment of the correlation between historical
   secara historis, prakiraan kondisi ekonomi, dan KKE           observed default rates, forecast economic conditions and
   adalah estimasi yang signifikan. Jumlah KKE sensitif          ECLs is a significant estimate. The amount of ECLs is
   terhadap perubahan keadaan dan prakiraan kondisi              sensitive to changes in circumstances and of forecast
   ekonomi. Pengalaman kerugian kredit historis Grup dan         economic conditions. The Group’s historical credit loss
   perkiraan kondisi ekonomi mungkin juga tidak mewakili         experience and forecast of economic conditions may also
   gagal bayar pelanggan yang sebenarnya di masa                 not be representative of customer’s actual default in the
   depan.                                                        future.

   Nilai tercatat dari piutang usaha, tagihan bruto kepada       The carrying amount of the Group's trade accounts
   pemberi kerja dan piutang lain-lain Grup setelah              receivable, gross amount due to customers and other
   cadangan kerugian penurunan nilai pada tanggal 30             receivables after provision for declining in value as of June
   Juni 2023 dan 31 Desember 2022 lebih rinci                    30, 2023 and December 31, 2022 are disclosed in note 7,
   diungkapkan dalam catatan 7, 10, dan 11.                      10, and 11.

   Cadangan kerugian penurunan nilai persediaan                  Provision for impairment losses of inventory
   Cadangan kerugian penurunan nilai persediaan                  Provision for impairment losses of inventory is estimated
   diestimasi berdasarkan fakta dan situasi yang tersedia,       based on available facts and circumstances, including but
   termasuk namun tidak terbatas kepada, kondisi fisik           not limited to, physical condition of inventory on hand, their
   persediaan yang dimiliki, harga jual pasar, estimasi          market sales price, the estimated cost of completion and
   biaya penyelesaian dan estimasi biaya yang timbul             the estimated costs incurred of their sales. The provisions
   untuk penjualan. Cadangan dievaluasi kembali dan              are re-evaluated and adjusted as additional information
   disesuaikan jika terdapat tambahan informasi yang             received which affects the estimated amount.
   memengaruhi jumlah yang diestimasi.


   Nilai tercatat dari persediaan Entitas setelah penyisihan     The carrying amount of the Entity's inventory after
   penurunan nilai pada tanggal 30 Juni 2023 dan 31              provision for declining in value as of June 30, 2023 and
   Desember 2022 lebih rinci diungkapkan dalam catatan           December 31, 2022 are disclosed in note 12.
   12.




                                                          35
Page 39
PT INDAL ALUMINIUM INDUSTRY Tbk                                                PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                              AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                    STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                      As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                 And for the six-month periods ended
30 Juni 2023 dan 2022                                                                          June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                         (Expressed in Rupiah)
4. KAS DAN SETARA KAS                                        4. CASH AND CASH EQUIVALENTS

   Saldo kas dan setara kas terdiri dari:                      Cash and cash equivalents consist of:
                                                                     31 Des 2022 /
                                            30 Juni 2023 /            Dec 31, 2022
                                            June 30, 2023                (Audited)
   Kas                                       3.597.000.505           1.335.803.773                                Cash

   Setara kas - pihak berelasi                                                         Cash equivalents - related party
   Rupiah                                                                                                       Rupiah
   PT Bank Maspion Indonesia Tbk            22.406.784.892           3.964.782.628     PT Bank Maspion Indonesia Tbk
   Valuta asing                                                                                      Foreign currency
   Dolar Amerika Serikat                                                                         United States Dollar
   PT Bank Maspion Indonesia Tbk             2.647.883.072          43.516.543.855     PT Bank Maspion Indonesia Tbk
   Sub jumlah                               25.054.667.964          47.481.326.483                             Sub total
   Setara kas - pihak ketiga                                                            Cash equivalents - third parties
   Rupiah                                                                                                       Rupiah
   PT Bank JTrust Indonesia Tbk                708.958.637           4.706.716.286       PT Bank JTrust Indonesia Tbk
   PT Bank Mandiri (Persero) Tbk             2.416.734.420           1.313.444.326      PT Bank Mandiri (Persero) Tbk
   PT Bank Negara Indonesia                                                                 PT Bank Negara Indonesia
     (Persero) Tbk                           1.319.631.156             825.622.369                     (Persero) Tbk
   PT Bank ICBC Indonesia                      665.828.897             702.459.043            PT Bank ICBC Indonesia
   PT Bank MNC Internasional Tbk               951.922.316             539.517.361     PT Bank MNC International Tbk
   PT Bank QNB Indonesia Tbk                    41.660.816             103.428.395        PT Bank QNB Indonesia Tbk
   PT Bank Rakyat Indonesia                                                                 PT Bank Rakyat Indonesia
     (Persero) Tbk                           1.535.194.631              97.002.496                     (Persero) Tbk
   PT Bank Danamon Indonesia Tbk                69.868.549              76.677.874    PT Bank Danamon Indonesia Tbk
   PT Bank OCBC NISP Tbk                        43.057.016              53.197.516           PT Bank OCBC NISP Tbk
   PT Bank UOB Indonesia                        22.056.634              22.273.078            PT Bank UOB Indonesia
   PT Bank CTBC Indonesia                       28.388.004              17.057.713           PT Bank CTBC Indonesia
   PT Bank Artha Graha                                                                           PT Bank Artha Graha
     Internasional Tbk                         10.599.769               11.756.940                 Internasional Tbk
   PT Bank Pembangunan Daerah                                                          PT Bank Pembangunan Daerah
     Jawa Timur Tbk                             9.060.229                6.439.408                  Jawa Timur Tbk
   PT Bank Central Asia Tbk                     -                        1.351.976           PT Bank Central Asia Tbk
   Valuta asing                                                                                      Foreign currency
   Dolar Amerika Serikat                                                                          United States Dollar
   PT Bank HSBC Indonesia                      141.034.487           7.641.097.442           PT Bank HSBC Indonesia
   PT Bank Danamon Indonesia Tbk             1.750.679.754           7.120.309.788    PT Bank Danamon Indonesia Tbk
   PT Bank Rakyat Indonesia                                                                 PT Bank Rakyat Indonesia
     (Persero) Tbk                           5.445.703.086           3.509.908.900                    (Persero) Tbk
   PT Bank QNB Indonesia Tbk                   417.032.956           2.798.594.925        PT Bank QNB Indonesia Tbk
   PT Bank OCBC NISP Tbk                       952.299.496             674.539.617          PT Bank OCBC NISP Tbk
   PT Bank Mandiri (Persero) Tbk               988.279.554             584.716.818      PT Bank Mandiri (Persero) Tbk
   PT Bank ICBC Indonesia                      238.719.414              38.418.091            PT Bank ICBC Indonesia
   PT Bank CTBC Indonesia                        -                      46.898.673           PT Bank CTBC Indonesia
   Sub jumlah                                                                                                  Sub total
     (dipindahkan)                          17.756.709.821          30.891.429.035                           (total c/f)




                                                        36
Page 40
PT INDAL ALUMINIUM INDUSTRY Tbk                                                      PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                    AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                          STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                            As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                       And for the six-month periods ended
30 Juni 2023 dan 2022                                                                                June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                                (Expressed in Rupiah)
4. KAS DAN SETARA KAS (lanjutan)                                   4. CASH AND CASH EQUIVALENTS (continued)

   Saldo kas dan setara kas terdiri dari: (lanjutan)                 Cash and cash equivalents consist of: (continued)
                                                                           31 Des 2022 /
                                               30 Juni 2023 /               Dec 31, 2022
                                               June 30, 2023                   (Audited)
   Sub jumlah                                                                                                          Sub total
     (pindahan)                               17.756.709.821              30.891.429.035                             (total b/f)
   Setara kas - pihak ketiga (lanjutan)                                            Cash equivalents - third parties (continued)
   Valuta asing (lanjutan)                                                                      Foreign currency (continued)
   Euro                                                                                                                 Euro
   PT Bank Mandiri (Persero) Tbk                 836.257.220               3.635.787.365       PT Bank Mandiri (Persero) Tbk
   Dolar Australia                                                                                          Australian Dollar
   PT Bank Mandiri (Persero) Tbk                 225.924.001                 810.506.963       PT Bank Mandiri (Persero) Tbk
   Ringgit Malaysia                                                                                        Malaysian Ringgit
   PT Bank Rakyat Indonesia                                                                        PT Bank Rakyat Indonesia
      (Persero) Tbk                                    7.722.911               8.547.696                     (Persero) Tbk
   Sub jumlah                                  1.069.904.132              35.346.271.059                              Sub total
   Jumlah                                     47.478.282.422              84.163.401.315                                  Total

   Penempatan giro bank pada PT Bank Maspion                         Placement of cash in bank at PT Bank Maspion
   Indonesia Tbk (pihak berelasi) dilakukan dengan tingkat           Indonesia Tbk (a related party) were done at similar
   bunga, kondisi dan syarat yang sama sebagaimana                   interest rates, terms and conditions as those which were
   halnya jika ditempatkan pada bank pihak ketiga (Catatan           done at third party banks (Note 41).
   41).

   Tingkat bunga setara kas per tahun:                               Interest rates of cash equivalents per annum:
                                                                           31 Des 2022 /
                                               30 Juni 2023 /               Dec 31, 2022
                                               June 30, 2023                   (Audited)
   Saldo bank                                                                                                    Cash in bank
     Rupiah                                  1,00%-1,50%                1,00%-1,50%                                  Rupiah
     Dolar Amerika Serikat, Euro,                                                                United States Dollar, Euro,
       Dolar Australia dan                                                                           Australian Dollar and
       Ringgit Malaysia                      0,00%-0,50%                0,00%-0,50%                     Malaysian Ringgit
   Deposito berjangka                                                                                           Time deposits
     Dolar Amerika Serikat                   0,15%-0,20%                0,15%-0,20%                    United States Dollar

5. SALDO BANK YANG DIBATASI PENGGUNAANNYA                          5. RESTRICTED BANK ACCOUNTS

   Saldo bank yang dibatasi penggunaannya terdiri dari:              Restricted bank accounts consist of:
                                                                           31 Des 2022 /
                                               30 Juni 2023 /               Dec 31, 2022
                                               June 30, 2023                   (Audited)
   Rekening giro                                                                                           Current account
   Rupiah                                                                                                           Rupiah
   PT Bank JTrust Indonesia Tbk                6.638.466.000               5.587.185.000       PT Bank JTrust Indonesia Tbk
   PT Bank Danamon Indonesia Tbk               3.764.992.794               5.289.393.045    PT Bank Danamon Indonesia Tbk
   Sub jumlah                                                                                                          Sub total
     (dipindahkan)                            10.403.458.794              10.876.578.045                             (total c/f)




                                                              37
Page 41
PT INDAL ALUMINIUM INDUSTRY Tbk                                                     PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                   AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                         STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                           As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                      And for the six-month periods ended
30 Juni 2023 dan 2022                                                                               June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                                 (Expressed in Rupiah)
5. SALDO BANK YANG DIBATASI PENGGUNAANNYA                         5. RESTRICTED BANK ACCOUNTS
    (lanjutan)                                                        (continued)

   Saldo bank yang dibatasi penggunaannya terdiri dari:             Restricted bank accounts consist of:
    (lanjutan)                                                       (continued)
                                                                          31 Des 2022 /
                                                 30 Juni 2023 /            Dec 31, 2022
                                                 June 30, 2023                (Audited)
   Sub jumlah                                                                                                         Sub total
     (pindahan)                              10.403.458.794              10.876.578.045                             (total b/f)
   Rekening giro (lanjutan)                                                                      Current account (continued)
   Dolar Amerika Serikat                                                                                 United States Dollar
   PT Bank QNB Indonesia Tbk                     2.541.681.107            4.714.113.489         PT Bank QNB Indonesia Tbk
   PT Bank Danamon Indonesia Tbk                     -                    1.289.802.151     PT Bank Danamon Indonesia Tbk
   Jumlah                                    12.945.139.901              16.880.493.685                                  Total
   Saldo rekening giro yang dibatasi penggunaannya                  Restricted current accounts were pledged as security for
   dijaminkan untuk penerbitan Letter of Credit (fasilitas          letter of credit (L/C facility) of PT Bank JTrust Indonesia
   L/C) dari PT Bank JTrust Indonesia Tbk, PT Bank                  Tbk, PT Bank Danamon Indonesia Tbk and PT Bank
   Danamon Indonesia Tbk dan PT Bank QNB Indonesia                  QNB Indonesia Tbk with maturities less than one year
   Tbk dengan waktu kurang dari satu tahun (Catatan 19).            (Note 19).


6. INVESTASI JANGKA PENDEK                                        6. SHORT-TERM INVESTMENTS

   Saldo investasi jangka pendek terdiri dari:                      Short-term investments consist of:
                                                                          31 Des 2022 /
                                                 30 Juni 2023 /            Dec 31, 2022
                                                 June 30, 2023                (Audited)
   Deposito berjangka                                                                                         Time deposits
   Rupiah                                                                                                            Rupiah
   PT Bank ICBC Indonesia                        4.379.101.517            4.379.101.517             PT Bank ICBC Indonesia
   PT Bank Rakyat Indonesia                                                                        PT Bank Rakyat Indonesia
     (Persero) Tbk                                                        3.589.066.401                     (Persero) Tbk
   Sub jumlah                                    4.379.101.517            7.968.167.918                              Sub total
   Dolar Amerika Serikat                                                                                United States Dollar
   PT Bank ICBC Indonesia                        6.913.612.860            9.413.571.979             PT Bank ICBC Indonesia
   PT Bank Rakyat Indonesia                                                                        PT Bank Rakyat Indonesia
     (Persero) Tbk                                                          341.252.583                     (Persero) Tbk
   Sub jumlah                                    6.913.612.860            9.754.824.562                              Sub total
   Jumlah                                    11.292.714.377              17.722.992.480                                  Total

   Tingkat bunga deposito berjangka per tahun:                                      Interest rates of time deposits per annum:
                                                                          31 Des 2022 /
                                                 30 Juni 2023 /            Dec 31, 2022
                                                 June 30, 2023                (Audited)
   Deposito berjangka                                                                                           Time deposits
     Rupiah                                 2,25%-3,75%                 2,25%-3,50%                                  Rupiah
     Dolar Amerika Serikat                  0,15%-0,20%                 0,15%-0,20%                      United States Dollar




                                                             38
Page 42
PT INDAL ALUMINIUM INDUSTRY Tbk                                                 PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                     STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                       As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                  And for the six-month periods ended
30 Juni 2023 dan 2022                                                                           June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                          (Expressed in Rupiah)
6. INVESTASI JANGKA PENDEK (lanjutan)                         6. SHORT-TERM INVESTMENTS (continued)

   Deposito berjangka di atas digunakan sebagai jaminan         Time deposits above were used as collateral for bank
   utang bank (Catatan 19).                                     borrowings (Note 19).
   Saldo deposito berjangka dalam Dolar Amerika Serikat         Time deposits balance in United States Dollar were the
   merupakan bentuk jaminan Entitas untuk penerbitan            Entity's security for letter of credit (L/C facility) of
   Letter of Credit (fasilitas L/C) dari PT Bank ICBC                      PT Bank ICBC Indonesia and PT Bank Rakyat
   Indonesia dan PT Bank Rakyat Indonesia (Persero) Tbk         Indonesia (Persero) Tbk (Note 19).
   (Catatan 19).

   Deposito berjangka dalam Rupiah merupakan jaminan            Time deposits in Rupiah were PT Indalex's (Subsidiary)
   PT Indalex (Entitas Anak) untuk penerbitan bank garansi      security for bank guarantee from PT Bank ICBC
   dari PT Bank ICBC Indonesia dan PT Bank Rakyat               Indonesia and PT Bank Rakyat Indonesia (Persero) Tbk
   Indonesia (Persero) Tbk (Catatan 19).                        (Note 19).

7. PIUTANG USAHA, PIHAK KETIGA                                7. ACCOUNTS RECEIVABLE, THIRD PARTIES
   Saldo piutang usaha pada pihak ketiga terdiri dari:          Accounts receivable due from third parties balance
                                                                consist of:
                                                                      31 Des 2022 /
                                             30 Juni 2023 /            Dec 31, 2022
                                             June 30, 2023                (Audited)
   Pihak ketiga:                                                                                            Third parties:
      Ekspor                               115.710.358.944         113.948.581.966                                Export
      Lokal                                143.087.435.208         109.392.231.409                                 Local
   Sub jumlah                              258.797.794.152         223.340.813.375                               Sub total
   Cadangan kerugian                                                                                         Provision for
      penurunan nilai                      (21.327.226.870)         (21.327.226.870)                  declining in value
   Jumlah, neto                            237.470.567.282         202.013.586.505                             Total, net

   Analisa umur piutang usaha adalah sebagai berikut:           Aging analysis of accounts receivable were as follows:
                                                                     31 Des 2022 /
                                             30 Juni 2023 /           Dec 31, 2022
                                             June 30, 2023               (Audited)
   Belum jatuh tempo                       144.089.768.442         109.136.372.911                           Not yet due
   Telah jatuh tempo                                                                                            Past due
     1-30 hari                              26.261.837.256          25.131.634.280                           1-30 days
     31-60 hari                             17.154.225.127          15.531.250.293                          31-60 days
     > 60 hari                              71.291.963.327          73.541.555.891                           > 60 days
   Sub jumlah                              258.797.794.152         223.340.813.375                              Sub total
   Cadangan kerugian penurunan nilai       (21.327.226.870)        (21.327.226.870)       Provision for declining in value
   Jumlah                                  237.470.567.282         202.013.586.505                                   Total
   Piutang usaha di atas termasuk piutang usaha dalam           The above accounts receivable denominated in foreign
   mata uang asing, dengan perincian sebagai berikut:           currencies with details as follows:
                                                                     31 Des 2022 /
                                             30 Juni 2023 /           Dec 31, 2022
                                             June 30, 2023               (Audited)
   Rupiah                                  177.554.494.952         109.392.231.408                                Rupiah
   Dolar Amerika Serikat                    77.969.143.918         103.622.923.547                   United States Dollar
   Dolar Australia                           3.078.806.246          10.325.658.420                      Australian Dollar
   Euro                                        195.349.036                       -                                   Euro
   Sub jumlah (dipindahkan)                258.797.794.152         223.340.813.375                    Sub total (total c/f)



                                                         39
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PT INDAL ALUMINIUM INDUSTRY Tbk                                               PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                             AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                   STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                     As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                And for the six-month periods ended
30 Juni 2023 dan 2022                                                                         June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                         (Expressed in Rupiah)
7. PIUTANG USAHA, PIHAK KETIGA                              7. ACCOUNTS RECEIVABLE, THIRD PARTIES
     (lanjutan)                                                  (continued)

   Piutang usaha di atas termasuk piutang usaha dalam         The above accounts receivable denominated in foreign
   mata uang asing, dengan perincian sebagai berikut:         currencies with details as follows:
                                                                    31 Des 2022 /
                                           30 Juni 2023 /            Dec 31, 2022
                                           June 30, 2023                (Audited)
   Sub jumlah (pindahan)                258.797.794.152           223.340.813.375                   Sub total (total b/f)
   Cadangan kerugian                                                                                       Provision for
     penurunan nilai                    (21.327.226.870)          (21.327.226.870)                  declining in value
   Jumlah                               237.470.567.282           202.013.586.505                                 Total

   Mutasi cadangan kerugian penurunan nilai piutang           Movement of provision for declining in value of accounts
   adalah sebagai berikut:                                    receivable were as follows:
                                                                    31 Des 2022 /
                                           30 Juni 2023 /            Dec 31, 2022
                                           June 30, 2023                (Audited)
   Saldo awal                             21.327.226.870           17.106.956.221                    Beginning balance
   Penambahan                                          -            4.422.014.444                              Additions
   Realisasi                                           -             (250.000.000)                           Realization
   Selisih penjabaran                                  -               48.256.205                Translations difference
   Saldo akhir                            21.327.226.870           21.327.226.870                      Ending balance
   Piutang usaha merupakan piutang tanpa bunga yang           Accounts receivable are non-interest bearing and are
   pelunasannya diterima oleh Entitas dalam jangka waktu      generally collected by the Entity within certain specified
   tertentu. Manajemen berpendapat bahwa pencadangan          periods. Management believes that the provisons for
   kerugian penurunan nilai piutang cukup untuk menutupi      declining in value of receivable from third parties is
   kerugian yang mungkin timbul dari tidak tertagihnya        adequate to cover possible losses on uncollectible
   piutang pihak ketiga tersebut.                             accounts.

   Pada tanggal 30 Juni 2023 dan 31 Desember 2022,            In June 30, 2023 and December 31, 2022, accounts
   piutang usaha pihak ketiga Entitas digunakan sebagai       receivable from third parties used as bank loan's
   jaminan utang kepada PT Bank ICBC Indonesia, PT            collateral to PT Bank ICBC Indonesia, PT Bank Rakyat
   Bank Rakyat Indonesia (Persero) Tbk, PT Bank OCBC          Indonesia (Persero) Tbk, PT Bank OCBC NISP Tbk and
   NISP Tbk dan PT Bank QNB Indonesia Tbk (Catatan            PT Bank QNB Indonesia Tbk (Notes 19).
   19).

8. PIUTANG USAHA, PIHAK-PIHAK BERELASI                      8. ACCOUNTS RECEIVABLE, RELATED PARTIES
   Saldo piutang usaha pada pihak-pihak berelasi terdiri      Accounts receivable due from related parties consist of:
   dari:

                                                                    31 Des 2022 /
                                           30 Juni 2023 /            Dec 31, 2022
                                           June 30, 2023                (Audited)
   Pihak-pihak berelasi                                                                                Related parties
   PT Maspion                                970.786.853              303.916.162                         PT Maspion
   PT Alumindo Light Metal                                                                    PT Alumindo Light Metal
      Industry Tbk                            11.418.570           16.487.641.164                       Industry Tbk
   PT Maspion Elektronik                          47.950                -                       PT Maspion Elektronik
   PT Alaskair Maspion Indonesia                   3.000                -               PT Alaskair Maspion Indonesia
   Lain-lain                                   -                         9.688.884                             Others
   Jumlah                                    982.256.373           16.801.246.210                                  Total



                                                       40
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PT INDAL ALUMINIUM INDUSTRY Tbk                                               PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                             AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                   STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                     As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                And for the six-month periods ended
30 Juni 2023 dan 2022                                                                         June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                          (Expressed in Rupiah)
8. PIUTANG USAHA, PIHAK-PIHAK BERELASI                      8. ACCOUNTS RECEIVABLE, RELATED PARTIES
     (lanjutan)                                                  (continued)

   Analisa umur piutang usaha kepada pihak-pihak berelasi     Aging analysis of accounts receivable from related
   adalah sebagai berikut:                                    parties were as follows:

                                                                    31 Des 2022 /
                                           30 Juni 2023 /            Dec 31, 2022
                                           June 30, 2023                (Audited)
   Belum jatuh tempo                         982.256.373           16.797.812.710                           Not yet due
   Telah jatuh tempo                                                                                           Past due
     31-60 hari                                -                         3.433.500                         31-60 days
   Jumlah                                    982.256.373           16.801.246.210                                  Total

   Transaksi piutang usaha kepada pihak-pihak berelasi di     Transaction of accounts receivable from related parties
   atas dalam mata uang Rupiah.                               above denominated in Rupiah.
   Piutang usaha merupakan piutang tanpa bunga yang           Accounts receivable are non-interest bearing and are
   pelunasannya diterima oleh Entitas dalam jangka waktu      generally collected by the Entity within certain specified
   tertentu.                                                  periods.

   Cadangan kerugian penurunan nilai untuk piutang usaha      No provision for declining in value of accounts receivable
   pada pihak-pihak berelasi tidak dibuat karena              due from related parties was provided as Entity's
   manajemen Entitas berpendapat bahwa seluruh piutang        management believes that all such receivables were
   tersebut dapat ditagih.                                    collectible.

   Pada tanggal 30 Juni 2023 dan 31 Desember 2022,            In June 30, 2023 and December 31, 2022, accounts
   piutang usaha kepada pihak-pihak berelasi Entitas          receivable from related parties used as bank loan's
   digunakan sebagai jaminan utang kepada PT Bank             collateral to PT Bank ICBC Indonesia, PT Bank Rakyat
   ICBC Indonesia, PT Bank Rakyat Indonesia (Persero)         Indonesia (Persero) Tbk, PT Bank OCBC NISP Tbk and
   Tbk, PT Bank OCBC NISP Tbk dan PT Bank QNB                 PT Bank QNB Indonesia Tbk (Notes 19).
   Indonesia Tbk (Catatan 19).


9. PIUTANG RETENSI                                          9. RETENTIONS RECEIVABLE

   Saldo piutang retensi terdiri dari:                        Retentions receivable consist of:
                                                                    31 Des 2022 /
                                           30 Juni 2023 /            Dec 31, 2022
                                           June 30, 2023                (Audited)
   Pihak ketiga                                                                                           Third parties
   PT Putragaya Wahana                    22.731.266.838           21.644.992.279               PT Putragaya Wahana
   PT Mega Kuningan Pinnacle               9.276.823.915            9.276.823.915         PT Mega Kuningan Pinnacle
   PT Fin Centerindo Satu                  6.118.525.001            2.379.069.357              PT Fin Centerindo Satu
   PT Pembangunan Perumahan                                                              PT Pembangunan Perumahan
      (Persero) Tbk                        4.957.770.069            4.763.329.889                      (Persero) Tbk
   PT Sinar Galaxy                         4.433.168.978            8.866.338.014                     PT Sinar Galaxy
   PT Zaman Bangun Persada                 4.403.444.398            4.403.444.398          PT Zaman Bangun Persada
   PT Prasada Japa Pamudja                 4.315.284.858            4.289.524.858           PT Prasada Japa Pamudja
   PT Mardhika Artha Upaya                 3.311.970.411            3.311.970.381            PT Mardhika Artha Upaya
   PT Bank OCBC NISP Tbk                   2.813.592.727            2.592.635.999            PT Bank OCBC NISP Tbk
   PT B-Generasi Asia                      2.282.589.528            2.282.589.529                 PT B-Generasi Asia
   Sub jumlah (dipindahkan)               64.644.436.723           63.810.718.619                    Sub total (total c/f)




                                                       41
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                     PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                   AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                         STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                           As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                      And for the six-month periods ended
30 Juni 2023 dan 2022                                                                               June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                               (Expressed in Rupiah)
9. PIUTANG RETENSI (lanjutan)                                     9. RETENTIONS RECEIVABLE (continued)

   Saldo piutang retensi terdiri dari: (lanjutan)                   Retentions receivable consist of: (continued)
                                                                          31 Des 2022 /
                                                30 Juni 2023 /             Dec 31, 2022
                                                June 30, 2023                 (Audited)
   Sub jumlah (pindahan)                       64.644.436.723            63.810.718.619                    Sub total (total b/f)
   PT Kuningan Nusajaya                         1.804.678.493             1.804.678.591               PT Kuningan Nusajaya
   PT Tatamulia Nusantara Indah                 1.788.676.157             1.505.710.646        PT Tatamulia Nusantara Indah
   PT Donnely Paramita Utama                    1.227.923.864             1.237.765.521         PT Donnely Paramita Utama
   Yayasan Kartika Eka Paksi                      532.839.238             4.196.357.500           Yayasan Kartika Eka Paksi
   JO Shimizu - Bangun Cipta                                                                      JO Shimizu - Bangun Cipta
      Mega Kuningan Project                         226.064.564           5.758.686.948             Mega Kuningan Project
   PT Posco E&C Indonesia                             -                   4.087.159.356            PT Posco E&C Indonesia
   PT Chitaland Tower                                 -                   4.245.740.000                 PT Chitaland Tower
   PT Ekagrata Data Gemilang                          -                   1.914.822.027          PT Ekagrata Data Gemilang
   Lain-lain (masing-masing                                                                                   Others (below
      di bawah Rp 1 miliar)                     8.226.423.495             6.602.529.765                  Rp 1 billion each)
   Jumlah                                      78.451.042.534            95.164.168.973                                  Total

   Transaksi piutang retensi di atas dalam mata uang                Transaction of retentions receivable above denominated
   Rupiah.                                                          in Rupiah.
   Piutang retensi proyek merupakan pendapatan PT                   Retentions receivable are revenue of PT Indalex
   Indalex (Entitas Anak) yang ditahan oleh pemberi kerja           (Subsidiary) which onhold by customers as a guarantee
   sebagai jaminan dalam masa pemeliharaan.                         in maintenance period.

   Cadangan kerugian penurunan nilai untuk piutang                  No provision for declining in value of retentions
   retensi tidak dibuat karena manajemen Entitas                    receivable was provided as Entity's management
   berpendapat bahwa seluruh piutang tersebut dapat                 believes that all such receivables were collectible.
   ditagih.
10. TAGIHAN BRUTO KEPADA PEMBERI KERJA                            10. GROSS AMOUNT DUE TO CUSTOMERS

   Saldo tagihan bruto kepada pemberi kerja terdiri dari:           Gross amount due to customers consist of:
                                                                          31 Des 2022 /
                                                30 Juni 2023 /             Dec 31, 2022
                                                June 30, 2023                 (Audited)
   Pihak ketiga                                                                                                 Third parties
   PT Putragaya Wahana                         53.515.282.492            38.175.322.669               PT Putragaya Wahana
   PT Fin Centerindo Satu                      31.654.749.999            16.721.306.427              PT Fin Centerindo Satu
   PT Prasada Japa Pamudja                     14.843.239.161             9.971.785.835           PT Prasada Japa Pamudja
   PT Pembangunan Perumahan                                                                    PT Pembangunan Perumahan
      (Persero) Tbk                            12.857.649.373            15.613.413.785                      (Persero) Tbk
   PT Mega Kuningan Pinnacle                    9.747.275.810             7.731.468.879         PT Mega Kuningan Pinnacle
   JO Shimizu - Bangun Cipta                                                                      JO Shimizu - Bangun Cipta
      Mega Kuningan Project                     8.555.556.734            19.937.638.959             Mega Kuningan Project
   PT Citratama Inti Persada                    4.194.719.906             4.194.719.906            PT Citratama Inti Persada
   PT Bank OCBC NISP Tbk                        3.596.327.274             6.818.098.184            PT Bank OCBC NISP Tbk
   E J T Lembong                                3.488.372.260             1.807.455.002                      E J T Lembong
   PT Pakuwon Jati                              3.350.000.000                 -                             PT Pakuwon Jati
   PT Putra Sinar Permaja                       2.350.484.900             6.899.000.001              PT Putra Sinar Permaja
   PT Donnely Paramita Utama                    2.641.016.027             2.683.389.757         PT Donnely Paramita Utama
   Sub jumlah (dipindahkan)                   150.794.673.936           130.553.599.404                    Sub total (total c/f)



                                                             42
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                     PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                   AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                         STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                           As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                      And for the six-month periods ended
30 Juni 2023 dan 2022                                                                               June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                             (Expressed in Rupiah)
10. TAGIHAN BRUTO KEPADA PEMBERI KERJA                           10. GROSS AMOUNT DUE TO CUSTOMERS
      (lanjutan)                                                       (continued)

   Saldo tagihan bruto kepada pemberi kerja terdiri dari:          Gross amount due to customers consist of:
     (lanjutan)                                                      (continued)
                                                                         31 Des 2022 /
                                             30 Juni 2023 /               Dec 31, 2022
                                             June 30, 2023                   (Audited)
   Sub jumlah (pindahan)                   150.794.673.936            130.553.599.404                    Sub total (total b/f)
   Yayasan Kartika Eka Paksi                 2.439.413.075                  -                   Yayasan Kartika Eka Paksi
   PT Ometraco Arya Samanta                  1.746.262.999                  -                  PT Ometraco Arya Samanta
   PT Tatamulia Nusantara Indah              1.416.215.636                  -                PT Tatamulia Nusantara Indah
   PT Jakarta International                                                                        PT Jakarta International
      Higher Education College               1.041.296.324               1.433.747.631          Higher Education College 0
   PT Chitaland Tower                            -                       6.220.661.361                 PT Chitaland Tower
   PT Jakarta International Expo                 -                       3.422.110.908        PT Jakarta International Expo
   PT Ekagrata Data Gemilang                     -                          28.969.501         PT Ekagrata Data Gemilang
   Lain-lain (masing-masing                                                                                  Others (below
      di bawah Rp 1 miliar)                  6.082.492.954              5.112.312.606                   Rp 1 billion each)
   Sub jumlah                              163.520.354.924            146.771.401.411                              Sub total
   Cadangan kerugian                                                                                           Provision for
     penurunan nilai                       (11.221.295.597)            (11.221.295.597)                 declining in value
   Jumlah                                  152.299.059.327            135.550.105.814                                  Total

   Mutasi cadangan kerugian penurunan nilai tagihan bruto          Movement of provision for declining in value of gross
   kepada pemberi kerja adalah sebagai berikut:                    amount due to customers were as follows:
                                                                         31 Des 2022 /
                                             30 Juni 2023 /               Dec 31, 2022
                                             June 30, 2023                   (Audited)
   Saldo awal                               11.221.295.597              13.672.981.930                   Beginning balance
   Penambahan                                    -                         351.169.400                           Additions
   Realisasi                                     -                      (1.340.619.682)                         Realization
   Penghapusan                                   -                      (1.462.236.051)                           Write-off
   Saldo akhir                              11.221.295.597              11.221.295.597                     Ending balance
   Transaksi tagihan bruto kepada pemberi kerja di atas            Transaction of gross amount due to customers above
   dalam mata uang Rupiah.                                         denominated in Rupiah.

   Tagihan bruto kepada pemberi kerja merupakan piutang            Gross amount due to customers are receivable of PT
   PT Indalex (Entitas Anak) yang berasal dari pekerjaan           Indalex (Subsidiary) which resulting from construction
   kontrak konstruksi yang masih dalam pelaksanaan.                contract services which are still in progress.

   Manajemen berpendapat bahwa pencadangan kerugian                Management believes that the provision for declining in
   penurunan nilai tagihan bruto kepada pemberi kerja              value of gross amount due to customers is adequate to
   cukup untuk menutupi kerugian yang mungkin timbul dari          cover possible losses on uncollectible gross amount due
   tidak tertagihnya tagihan bruto kepada pemberi kerja            to customers accounts.
   tersebut.




                                                            43
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                   PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                       STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                         As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                    And for the six-month periods ended
30 Juni 2023 dan 2022                                                                             June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                              (Expressed in Rupiah)
11. PIUTANG LAIN-LAIN                                           11. OTHER RECEIVABLES

   Saldo piutang lain-lain terdiri dari:                          Other receivables consist of:
                                                                        31 Des 2022 /
                                             30 Juni 2023 /              Dec 31, 2022
                                             June 30, 2023                  (Audited)
   Pihak ketiga                                                                                                 Third parties
      Piutang lain-lain                        546.774.697              1.201.494.371                   Other receivables
   Cadangan kerugian                                                                                            Provision for
      penurunan nilai                         (500.000.000)              (500.000.000)                   declining in value
   Sub jumlah pihak ketiga                      46.774.697                701.494.371                  Sub total third parties
   Pihak-pihak berelasi                                                                                      Related parties
      Pokok pinjaman:                                                                                       Loan principal:
      Alim Brothers                                                                                          Alim Brothers
        Industries, Pte. Ltd.                1.236.618.583                478.164.434                Industries, Pte. Ltd.
      Piutang bunga pinjaman:                                                                     Loan interest receivable:
      PT Maspion                                 -                           8.835.117                         PT Maspion
   Sub jumlah pihak-pihak berelasi           1.236.618.583                   8.835.117              Sub total related parties
   Jumlah                                    1.283.393.280                710.329.488                                   Total

   Piutang lain-lain di atas termasuk piutang lain-lain dalam     The above other receivables denominated in foreign
   mata uang asing, dengan perincian sebagai berikut:             currencies, with details as follows:


                                                                        31 Des 2022 /
                                             30 Juni 2023 /              Dec 31, 2022
                                             June 30, 2023                  (Audited)
   Pihak ketiga                                                                                                 Third parties
      Rupiah                                   546.774.697              1.201.494.371                               Rupiah
   Cadangan kerugian                                                                                            Provision for
     penurunan nilai                          (500.000.000)              (500.000.000)                   declining in value
   Sub jumlah pihak ketiga                       46.774.697               701.494.371                  Sub total third parties
   Pihak-pihak berelasi                                                                                     Related parties
      Rupiah                                 1.236.618.583                  8.835.117                             Rupiah
      Dolar Amerika Serikat                      -                        478.164.434                 United States Dollar
   Sub jumlah pihak-pihak berelasi           1.236.618.583                478.164.434               Sub total related parties
   Jumlah                                    1.188.493.922              1.179.658.805                                   Total

   Mutasi cadangan kerugian penurunan nilai piutang lain-         Movement of provision for declining in value of other
   lain adalah sebagai berikut:                                   receivables were as follows:
                                                                        31 Des 2022 /
                                             30 Juni 2023 /              Dec 31, 2022
                                             June 30, 2023                  (Audited)
   Saldo awal                                  500.000.000                500.000.000                     Beginning balance
   Penambahan                                    -                          -                                     Additions
   Saldo akhir                                 500.000.000                500.000.000                       Ending balance




                                                          44
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                  PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                      STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                        As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                   And for the six-month periods ended
30 Juni 2023 dan 2022                                                                            June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                             (Expressed in Rupiah)
11. PIUTANG LAIN-LAIN (lanjutan)                              11. OTHER RECEIVABLES (continued)

   Piutang kepada pihak-pihak berelasi lainnya merupakan        The receivable to other related parties represent fund
   pinjaman dana yang digunakan untuk pembelian suku            loan facility used for purchasing spareparts and indirect
   cadang dan bahan penolong. Pada tahun 2022 dan               materials. The interest rates per annum in 2022 and
   2021 pinjaman ini dikenakan bunga masing-masing              2021 were 9.65% - 10.75% and 9.25% - 12.00% for
   sebesar 9,65% - 10,75% dan 9,25% - 12,00% per tahun          balance in Rupiah, 4.75% - 5.50% and 4.75% per annum
   untuk saldo Rupiah, 4,75% - 5,50% dan 4,75% per tahun        for balance in USD. This loan have no collateral and
   untuk saldo USD. Pinjaman dilakukan tanpa jaminan dan        have no definite terms of repayment.
   tidak ditentukan jadwal pembayarannya.

   Manajemen berpendapat bahwa pencadangan kerugian             Management believes that the provisons for declining in
   penurunan nilai piutang cukup untuk menutupi kerugian        value of other receivables from third parties is adequate
   yang mungkin timbul dari tidak tertagihnya piutang lain-     to cover possible losses on uncollectible accounts. No
   lain pihak ketiga tersebut. Sedangkan kepada pihak-          provision for declining in value of other receivables due
   pihak berelasi tidak dibuat karena manajemen Entitas         from related parties was provided as Entity's
   berpendapat bahwa seluruh piutang lain-lain tersebut         management believes that all such receivables were
   dapat ditagih.                                               collectible.


12. PERSEDIAAN                                                12. INVENTORIES
   Saldo persediaan terdiri dari:                               Inventories consist of:
                                                                       31 Des 2022 /
                                            30 Juni 2023 /              Dec 31, 2022
                                            June 30, 2023                  (Audited)
   Bahan baku                            163.691.882.205            205.982.472.676                         Raw materials
   Barang dalam proses                   186.315.869.170            179.876.197.560                       Work in process
   Barang jadi                            50.970.880.070             52.894.390.388                        Finished goods
   Bahan pembantu                         54.898.132.450             49.987.911.470                      Indirect materials
   Bahan baku dalam perjalanan             9.240.426.497             60.279.314.983                 Raw materials in transit
   Suku cadang                             4.012.592.990              3.745.310.500                              Sparepart
   Sub jumlah                            469.129.783.382            552.765.597.577                                Sub total
   Cadangan kerugian                                                                                            Provision for
     penurunan nilai persediaan            (6.151.420.020)           (6.151.420.020)      declining in value of inventories
   Jumlah                                462.978.363.362            546.614.177.557                                    Total




                                                        45
Page 49
PT INDAL ALUMINIUM INDUSTRY Tbk                                                 PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                     STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                       As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                  And for the six-month periods ended
30 Juni 2023 dan 2022                                                                           June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                            (Expressed in Rupiah)
12. PERSEDIAAN (lanjutan)                                    12. INVENTORIES (continued)

   Mutasi cadangan kerugian penurunan nilai persediaan          Movements in provision for declining in value of
   adalah sebagai berikut:                                      inventories were as follows:
                                                                      31 Des 2022 /
                                           30 Juni 2023 /              Dec 31, 2022
                                           June 30, 2023                  (Audited)
   Saldo awal                              6.151.420.020              4.992.601.537                    Beginning balance
   Penambahan                                 -                       1.144.531.682                              Additions
   Selisih penjabaran                         -                          14.286.801                Translations difference
   Saldo akhir                             6.151.420.020              6.151.420.020                      Ending balance
   Pada tanggal 31 Desember 2022 dan 2021, persediaan           At December 31, 2022 and 2021, inventories were
   telah diasuransikan kepada leader PT Asuransi Central        insured with PT Asuransi Central Asia, as lead insurer
   Asia, dengan jumlah pertanggungan sebesar USD                with the coverage sum of USD 13,525,239 or equivalent
   13.525.239 atau ekuivalen Rp 212.765.534.709 pada            with Rp 212,765,534,709 in 2022 and USD 28,858,800
   tahun 2022 dan USD 28.858.800 atau ekuivalen dengan          or equivalent with Rp 411,786,505,788 in 2021. The
   Rp 411.786.505.788 pada tahun 2021. Manajemen                management believes that the insurance coverage were
   berpendapat bahwa nilai tersebut cukup untuk menutup         adequate to cover possible losses on the assets insured.
   kemungkinan       kerugian     atas     aset    yang
   dipertanggungkan.


   Pada tanggal 31 Desember 2022 dan 2021, tidak ada            At December 31, 2022 and 2021, there were no
   cadangan kerugian penurunan nilai persediaan PT              provision for declining in value of inventory of PT Indalex
   Indalex (Entitas Anak).                                      (Subsidiary).

   Pada tanggal 31 Desember 2022 dan 2021, terdapat             At December 31, 2022 and 2021, there were provision
   cadangan kerugian penurunan nilai persediaan PT              for declining in value of inventory of PT Warna
   Warna Cemerlang Industri, dimiliki oleh PT Indal             Cemerlang Industri, owned by PT Indal Investindo
   Investindo (Entitas Anak) masing-masing sebesar Rp           (Subsidiary)   amounted   to   Rp    3,319,652,137,
   3.319.652.137.                                               respectively.

   Pada tanggal 31 Desember 2022 dan 2021, terdapat             At December 31, 2022 and 2021, there were provision
   cadangan kerugian penurunan nilai persediaan PT Indal        for declining in value of inventory of PT Indal Reiwa
   Reiwa Auto, dimiliki oleh PT Indal Investindo (Entitas       Auto, owned by PT Indal Investindo (Subsidiary)
   Anak) masing-masing sebesar Rp 276.016.126 dan nihil.        amounted to Rp 276,016,126 and nil, respectively.


   Pada tanggal 31 Desember 2022 dan 2021, terdapat             At December 31, 2022 and 2021, there were provision
   cadangan kerugian penurunan nilai persediaan PT ERP          for declining in value of inventory of PT ERP Multisolusi,
   Multisolusi, dimiliki oleh PT Indal Investindo (Entitas      owned by PT Indal Investindo (Subsidiary) amounted to
   Anak) masing-masing sebesar Rp 285.462.561.                  Rp 285,462,561, respectively.

   Manajemen berpendapat bahwa cadangan kerugian                Management believes that the provision for declining in
   penurunan nilai persediaan adalah cukup untuk                value of inventories provided were adequate to cover the
   menutupi kemungkinan menurunnya        persediaan di         declining in value of inventory in the future.
   masa datang.
   Realisasi cadangan kerugian penurunan nilai persediaan       Realization of the provision for declining in value of
   karena persediaan telah terjual pada masing-masing           inventories due to the inventories has been sold in
   periode berjalan.                                            current period, respectively.




                                                       46
Page 50
PT INDAL ALUMINIUM INDUSTRY Tbk                                                   PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                       STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                         As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                    And for the six-month periods ended
30 Juni 2023 dan 2022                                                                             June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                           (Expressed in Rupiah)
12. PERSEDIAAN (lanjutan)                                      12. INVENTORIES (continued)

   Pada tahun 2022 dan 2021, persediaan Entitas                   In 2022 and 2021, the Entity's inventory used as bank
   digunakan sebagai jaminan utang kepada PT Bank                 loan's collateral to PT Bank ICBC Indonesia and PT
   ICBC Indonesia dan PT Bank MNC Internasional Tbk               Bank MNC Internasional Tbk (Notes 19).
   (Catatan 19).

13. UANG MUKA PEMBELIAN                                        13. ADVANCE PAYMENTS

   Saldo uang muka pembelian terdiri dari:                        Advance payments consist of:
                                                                        31 Des 2022 /
                                              30 Juni 2023 /             Dec 31, 2022
                                              June 30, 2023                 (Audited)
   Bahan                                      24.934.180.726           16.935.645.626                            Material
   Kaca                                          758.236.589              889.285.278                         Glass plate
   Sub jumlah, lancar                         25.692.417.315           17.824.930.904                   Sub total, current
   Aset tetap                                 24.817.690.630           18.550.419.837                        Fixed assets
   Sub jumlah, tidak lancar                   24.817.690.630           18.550.419.837               Sub total, non current
   Jumlah                                     50.510.107.945           36.375.350.741                               Total

14. BEBAN DIBAYAR DIMUKA                                       14. PREPAID EXPENSES

   Saldo beban dibayar dimuka terdiri dari:                       Prepaid expenses consist of:
                                                                        31 Des 2022 /
                                              30 Juni 2023 /             Dec 31, 2022
                                              June 30, 2023                 (Audited)
   Provisi utang bank                           929.957.869             2.382.290.769                 Bank loan provision
   Asuransi                                     117.950.851               260.913.984                          Insurance
   Biaya pekerjaan                                                                                               Prepaid
      dibayar dimuka                              -                       615.179.509                  project expense
   Lain-lain                                    497.912.979               341.218.232                             Others
   Jumlah                                      1.545.821.699            3.599.602.494                               Total

   Biaya pekerjaan dibayar dimuka merupakan biaya-biaya           Prepaid project expense are expenses incurred for
   yang dikeluarkan untuk keperluan proyek PT Indalex             project purposes of PT Indalex (Subsidiary) and cannot
   (Entitas Anak) dan belum dapat diperhitungkan dengan           be calculated with income because the project in
   pendapatan karena proyek bersangkutan belum memiliki           question does not yet have a physical project progress
   laporan kemajuan fisik proyek pada tanggal laporan             report as of the date of the statements of financial
   posisi keuangan.                                               position.




                                                          47
Page 51
PT INDAL ALUMINIUM INDUSTRY Tbk                                                     PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                   AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                         STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                           As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                      And for the six-month periods ended
30 Juni 2023 dan 2022                                                                               June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                               (Expressed in Rupiah)
15. PROPERTI INVESTASI                                           15. INVESTMENT PROPERTY

   Saldo dan mutasi untuk tahun yang berakhir pada                 Balance and movement for the year ended December
   tanggal 31 Desember 2022 adalah:                                31, 2022 were:
                                  Saldo awal                                                Saldo akhir
                                 1 Jan 2023/                                              30 Juni 2023/
                           Beginning balance    Penambahan/      Pengurangan/            Ending balance
                                 Jan 1, 2023        Additions      Deductions             Juni 30, 2023
   Biaya perolehan:                                                                                                      Cost:
   Bangunan                  41.237.718.094                 -               -           41.237.718.094               Buildings
   Sub jumlah                41.237.718.094                 -               -           41.237.718.094               Sub total
   Akumulasi penyusutan:                                                                            Accumulated depreciation:
   Bangunan                   4.923.102.603    1.030.942.957                -            5.954.045.559             Buildings
   Sub jumlah                 4.923.102.603    1.030.942.957                -            5.954.045.559               Sub total
   Nilai buku                36.314.615.491                                             35.283.672.535            Book value

   Saldo dan mutasi untuk tahun yang berakhir pada                 Balance and movement for the year ended
   tanggal 31 Desember 2022 adalah:                                December 31, 2022 were:
                                  Saldo awal                                                Saldo akhir
                                 1 Jan 2022/                                              31 Des 2022/
                           Beginning balance    Penambahan/           Pengurangan/       Ending balance
                                 Jan 1, 2022        Additions           Deductions        Dec 31, 2022
   Biaya perolehan:                                                                                                     Cost:
   Bangunan                  41.237.718.094         -                   -               41.237.718.094                Building
   Sub jumlah                41.237.718.094         -                   -               41.237.718.094               Sub total
   Akumulasi penyusutan:                                                                            Accumulated depreciation:
   Bangunan                   2.861.216.692    2.061.885.911            -                4.923.102.603              Building
   Sub jumlah                 2.861.216.692    2.061.885.911            -                4.923.102.603               Sub total
   Nilai buku                38.376.501.402                                             36.314.615.491            Book value

   Properti investasi di atas milik PT Indalex, Entitas Anak,      Investment property above belong to PT Indalex,
   merupakan apartemen yang disewakan pada pihak                   Subsidiary, were an apartment for rent to third party. This
   ketiga. Properti investasi ini disusutkan selama 20 tahun       investment property depreciated in 20 years and
   dan beban penyusutannya dicatat sebagai bagian dari             depreciation expenses were recorded as part of general
   beban umum dan administrasi (Catatan 33).                       and administrative expenses (Note 33).

   Nilai wajar properti investasi di atas pada tahun 2022          Fair value of investment property above in 2022 and
   dan 2021 masing-masing sebesar Rp 39.950.000.000                2021 amounted to Rp 39,950,000,000 and Rp
   dan Rp 39.959.348.832.                                          39,959,348,832.

   Manajemen Entitas menyatakan bahwa tidak terjadi                The Entity's management stated that there were no
   penurunan nilai terhadap nilai tercatat properti investasi.     declining in value of carrying value on investment
                                                                   property.




                                                           48
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                        PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                      AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                            STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                              As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                         And for the six-month periods ended
30 Juni 2023 dan 2022                                                                                  June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                                (Expressed in Rupiah)
16. ASET TETAP                                                   16. FIXED ASSETS
   Penilaian atas nilai wajar aset tetap Entitas dan Entitas         The revaluation of the Entity and its Subsidiary's fixed
   Anak pada tahun 2021 berupa tanah dilakukan oleh                  assets in 2021 for lands performed by independent
   penilai independen yang telah teregistrasi di Otoritas            appraisers registered in Financial Service Authority,
   Jasa Keuangan, yaitu:                                             which are:
   - Kantor Jasa Penilai Publik Abdullah Fitriantoro &               - Office of Public Appraisal Service Abdullah Fitriantoro
     Rekan,    dengan      laporan  No.    00217/2.0051-               &     Rekan,      with    report    No.00217/2.0051-
     00/PI/05/0152/1/VIII/2021 tanggal 27 Agustus 2021                 00/PI/05/0152/1/VIII/2021 dated August 27, 2021 with
     dengan tanggal penilaian 19 Agustus 2021.                         appraisal date August 19, 2021.
   - Kantor Jasa Penilai Publik Latief, Hanif & Rekan,               - Office of Public Appraisal Service Latief, Hanif &
     dengan         laporan        No.         0016/0001-              Rekan,         with      report      No.0016/0001-
     00/PI/05/0219/1/I/2022 tanggal 22 Januari 2022                    00/PI/05/0219/1/I/2022 dated January 22, 2022 with
     dengan tanggal penilaian 18 Januari 2022.                         appraisal date January 18, 2022.
   - Kantor Jasa Penilai Publik Firman, Suryantoro,                  - Office of Public Appraisal Service Publik Firman,
     Sugeng, Suzy, Hartomo & Rekan, dengan laporan No.                 Suryantoro, Sugeng, Suzy, Hartomo & Rekan, with
     00064/2.0074-03/PI/05/0575/1/XII/2021 tanggal 6                   report    No.00064/2.0074-03/PI/05/0575/1/XII/2021
     Desember 2021 dengan tanggal penilaian 24                         dated December 6, 2021 with appraisal date
     November 2021.                                                    November 24, 2021.

   Tidak ada perbedaan antara item tanah yang dimiliki               There is no difference between the land items owned by
   oleh Grup pada tanggal 31 Desember 2021 dengan item               the Group as of December 31, 2021 and the land items
   tanah pada tanggal penilaian di atas.                             at the valuation date above.

   Rincian dari tanah dan informasi mengenai hierarki nilai          Details of lands and information about the fair value
   wajar per 31 Desember 2021, sebagai berikut:                      hierarchy as of December 31, 2021, were as follows:

                                  Tingkat 1 / Level 1   Tingkat 2 / Level 2    Tingkat 3 / Level 3
   Tanah                                   -                     √                      -                               Lands
   Berdasarkan laporan penilaian tersebut dilakukan sesuai           Based on the appraisal report, the valuation was
   dengan Standar Penilaian Indonesia (SPI) yang                     determined in accordance with the Indonesian Appraisal
   ditentukan berdasarkan transaksi terkini dalam                    Standards (SPI), referring to fair value transaction and
   ketentuan yang wajar dan Peraturan Bapepam-LK No.                 Bapepam-LK's rule No. VIII.C.4 regarding valuation and
   VIII.C.4 tentang pedoman penilaian dan penyajian                  presentation of asset valuation report in capital market.
   laporan penilaian aset di pasar modal.

   Metode penilaian yang digunakan adalah pendekatan                 Appraisal method used is the highest and best use
   penilaian tertinggi dan terbaik.                                  approach.
   Selisih nilai wajar aset dengan nilai tercatat dibukukan          The difference between the fair value and carrying
   pada penghasilan komprehensif lainnya dan akumulasi               amount of the assets was recorded in other
   dalam ekuitas pada bagian "surplus revaluasi".                    comprehensive income and accumulated in equity as
                                                                     "revaluation surplus".
   Per 30 Juni 2023 dan 31 Desember 2022, jika aset tetap            As of June 30, 2023 and December 31, 2022, if lands
   berupa tanah dicatat sebesar biaya perolehan, nilai               were stated at the its historical cost basic, the carrying
   tercatatnya adalah sebagai berikut:                               amount would be as follows:

                                                                              31 Des 2022 /
                                               30 Juni 2023 /                  Dec 31, 2022
                                               June 30, 2023                      (Audited)
   Tanah                                  42.884.035.530                42.884.035.530                                  Lands




                                                            49
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                                                                             PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                                                                           AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                            NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                                                                                  STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                                                                                   As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                                                                              And for the six-month periods ended
30 Juni 2023 dan 2022                                                                                                                                       June 30, 2023 and 2022
(Disajikan dalam Rupiah)                                                                                                                                     (Expressed in Rupiah)

16. ASET TETAP (lanjutan)                                                             16. FIXED ASSETS (continued)
   Saldo dan mutasi aset tetap untuk tahun yang berakhir pada tanggal 30 Juni 2023       Balance and movement of fixed assets for the year ended June 30, 2023 were:
   adalah:
                                                                                                                  Selisih kurs atas
                                                                                                               penjabaran laporan
                                   Saldo awal                                                                            keuangan/          Saldo akhir
                                  1 Jan 2023/                                                                 Exchange difference         30 Juni 2023/
                            Beginning balance        Penambahan/      Pengurangan/          Reklasifikasi/     due to translation of    Ending balance
                                  Jan 1, 2023            Additions      Deductions         Reclassification   financial statements       June 30, 2023
   Biaya Perolehan:                                                                                                                                                           Cost:
   Pemilikan langsung                                                                                                                                           Direct acquisitions
   Tanah                   201.889.586.669                      -           -                   -                   (882.757.868)      201.006.828.801                       Lands
   Bangunan                 96.180.308.186                      -           -                   -                 (1.816.045.442)       94.364.262.744                    Buildings
   Mesin dan                                                                                                                                                      Machineries and
     peralatan             587.935.320.101                      -        -                    892.767.588         (9.009.159.225)      579.818.928.464               equipments
   Kendaraan                27.694.176.566                      -     (229.690.910)            -                    (228.953.904)       27.235.531.752                    Vehicles
   Inventaris kantor        28.205.275.980                      -        -                     -                    (171.344.791)       28.033.931.189          Office equipments
   Matrys                    8.534.799.904                      -     (485.077.807)            -                      -                  8.049.722.097                      Moulds
   Aset dalam penyelesaian                                                                                                                                     Assets in progress
   Mesin                                 -           892.767.588            -                 (892.767.588)            -                     -                        Machineries
   Aset tidak produktif                                                                                                                                      Non-productive assets
   Mesin dan                                                                                                                                                      Machineries and
     peralatan              45.239.840.642              -               -                       -                 (2.027.467.272)       43.212.373.370               equipments
   Sub jumlah                                                                                                                                                             Sub total
     (dipindahkan)         995.679.308.048           892.767.588     (714.768.717)                       -       (14.135.728.502)      981.721.578.417                  (total c/f)




                                                                                         50
Page 54
PT INDAL ALUMINIUM INDUSTRY Tbk                                                                                                             PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                                                                           AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                            NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                                                                                  STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                                                                                   As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                                                                              And for the six-month periods ended
30 Juni 2023 dan 2022                                                                                                                                       June 30, 2023 and 2022
(Disajikan dalam Rupiah)                                                                                                                                      (Expressed in Rupiah)

16. ASET TETAP (lanjutan)                                                             16. FIXED ASSETS (continued)

   Saldo dan mutasi aset tetap untuk tahun yang berakhir pada tanggal 30 Juni 2023       Balance and movement of fixed assets for the year ended June 30, 2023 were: (continued)
   adalah: (lanjutan)
                                                                                                                  Selisih kurs atas
                                                                                                               penjabaran laporan
                                   Saldo awal                                                                            keuangan/          Saldo akhir
                                  1 Jan 2022/                                                                 Exchange difference         30 Juni 2023/
                            Beginning balance        Penambahan/      Pengurangan/          Reklasifikasi/     due to translation of    Ending balance
                                  Jan 1, 2022            Additions      Deductions         Reclassification   financial statements       June 30, 2023
   Sub jumlah                                                                                                                                                              Sub total
     (pindahan)             995.679.308.048           892.767.588    (714.768.717)             -                 (14.135.728.502)      981.721.578.417                   (total b/f)
   Akumulasi penyusutan:                                                                                                                                  Accumulated depreciation:
   Pemilikan langsung                                                                                                                                            Direct acquisitions
   Bangunan                   66.389.284.672         1.575.056.125       -                     -                  (1.487.282.553)       66.477.058.244                     Buildings
   Mesin dan                                                                                                                                                      Machineries and
     peralatan              531.198.832.496          7.174.357.346       -                     -                  (9.414.217.947)      528.958.971.895                equipments
   Kendaraan                 27.121.953.303            168.353.063    (229.690.910)            -                    (215.206.225)       26.845.409.231                      Vehicles
   Inventaris kantor         27.081.557.183            128.663.364       -                     -                    (145.681.564)       27.064.538.983           Office equipments
   Matrys                     8.534.799.904              -            (485.077.807)            -                      -                  8.049.722.097                       Moulds
   Aset tidak produktif                                                                                                                                      Non-productive assets
   Mesin dan                                                                                                                                                      Machineries and
     peralatan               24.123.547.919              -                -                    -                  (1.081.120.163)       23.042.427.756                equipments
   Sub jumlah               684.449.975.477          9.046.429.898   (714.768.717)             -                 (12.343.508.452)      680.438.128.206                     Sub total
   Akumulasi kerugian                                                                                                                                                 Accumulated
     penurunan nilai:                                                                                                                                          impairment losses:
   Aset tidak produktif                                                                                                                                      Non-productive assets
   Mesin dan                                                                                                                                                      Machineries and
     peralatan               23.550.528.040           -                  -                     -                  (1.001.544.928)       22.548.983.112                equipments
   Sub jumlah                23.550.528.040           -                  -                     -                  (1.001.544.928)       22.548.983.112                     Sub total
   Nilai buku               287.678.804.531      (8.153.662.310)         -                     -                    (790.675.122)      278.734.467.099                  Book value




                                                                                         51
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                                                                             PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                                                                           AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                            NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                                                                                  STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                                                                                   As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                                                                              And for the six-month periods ended
30 Juni 2023 dan 2022                                                                                                                                       June 30, 2023 and 2022
(Disajikan dalam Rupiah)                                                                                                                                     (Expressed in Rupiah)

16. ASET TETAP (lanjutan)                                                             16. FIXED ASSETS (continued)

   Saldo dan mutasi aset tetap untuk tahun yang berakhir pada tanggal 31 Desember        Balance and movement of fixed assets for the year ended December 31, 2022 were:
   2022 adalah:

                                                                                                                  Selisih kurs atas
                                                                                                               penjabaran laporan
                                   Saldo awal                                                                            keuangan/          Saldo akhir
                                  1 Jan 2022/                                                                 Exchange difference         31 Des 2022/
                            Beginning balance        Penambahan/       Pengurangan/         Reklasifikasi/     due to translation of    Ending balance
                                  Jan 1, 2022            Additions       Deductions        Reclassification   financial statements        Dec 31, 2022

   Biaya Perolehan:                                                                                                                                                           Cost:

   Pemilikan langsung                                                                                                                                            Direct acquisitions
   Tanah                   200.058.963.200                       -        -                    -                   1.830.623.469       201.889.586.669                       Lands
   Bangunan                 92.414.278.964                       -        -                    -                   3.766.029.222        96.180.308.186                    Buildings
   Mesin dan                                                                                                                                                      Machineries and
     peralatan             552.719.269.601           2.412.409.850        -                    -                  32.803.640.650       587.935.320.101                equipments
   Kendaraan                27.295.750.055                       -   (76.381.818)              -                     474.808.329        27.694.176.566                     Vehicles
   Inventaris kantor        26.431.785.135             141.588.772        -                    -                   1.631.902.073        28.205.275.980           Office equipments
   Matrys                    8.534.799.904               -                -                    -                      -                  8.534.799.904                      Moulds
   Aset dalam penyelesaian                                                                                                                                      Assets in progress
   Bangunan                     21.424.113               -           (21.424.113)              -                       -                     -                             Building
   Mesin dan                                                                                                                                                      Machineries and
     peralatan                   -                       -                -                    -                       -                     -                        equipments

   Aset tidak produktif                                                                                                                                      Non-productive assets
   Mesin dan                                                                                                                                                      Machineries and
    peralatan                 45.239.840.642             -                -                    -                       -                45.239.840.642               equipments

   Sub jumlah                                                                                                                                                              Sub total
    (dipindahkan)           952.716.111.614          2.553.998.622   (97.805.931)              -                  40.507.003.743       995.679.308.048                   (total c/f)




                                                                                         52
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                                                                            PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                                                                          AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                           NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                                                                                 STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                                                                                  As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                                                                             And for the six-month periods ended
30 Juni 2023 dan 2022                                                                                                                                      June 30, 2023 and 2022
(Disajikan dalam Rupiah)                                                                                                                                     (Expressed in Rupiah)

16. ASET TETAP (lanjutan)                                                            16. FIXED ASSETS (continued)
   Saldo dan mutasi aset tetap untuk tahun yang berakhir pada tanggal 31 Desember       Balance and movement of fixed assets for the year ended December 31, 2022 were:
   2022 adalah: (lanjutan)                                                              (continued)

                                                                                                                 Selisih kurs atas
                                                                                                              penjabaran laporan
                                   Saldo awal                                                                           keuangan/          Saldo akhir
                                  1 Jan 2022/                                                                Exchange difference         31 Des 2022/
                            Beginning balance        Penambahan/     Pengurangan/          Reklasifikasi/     due to translation of    Ending balance
                                  Jan 1, 2022            Additions     Deductions         Reclassification   financial statements        Dec 31, 2022
   Sub jumlah                                                                                                                                                            Sub total
    (pindahan)              952.716.111.614          2.553.998.622    (97.805.931)            -                  40.507.003.743       995.679.308.048                  (total b/f)
   Akumulasi penyusutan:                                                                                                                                 Accumulated depreciation:
   Pemilikan langsung                                                                                                                                          Direct acquisitions
   Bangunan                   59.836.776.265         3.393.691.349      -                     -                   3.158.817.058        66.389.284.672                    Buildings
   Mesin dan                                                                                                                                                     Machineries and
     peralatan              486.640.820.732      14.813.905.307         -                     -                  29.744.106.457       531.198.832.496                equipments
   Kendaraan                 26.219.512.759         510.651.142       (76.381.818)            -                     468.171.220        27.121.953.303                     Vehicles
   Inventaris kantor         25.157.603.747         385.990.091         -                     -                   1.537.963.345        27.081.557.183           Office equipments
   Matrys                     8.534.799.904           -                 -                     -                      -                  8.534.799.904                      Moulds
   Aset tidak produktif                                                                                                                                     Non-productive assets
   Mesin dan                                                                                                                                                     Machineries and
    peralatan                24.123.547.919           -                 -                     -                      -                 24.123.547.919               equipments
   Sub jumlah               630.513.061.326      19.104.237.889       (76.381.818)            -                  34.909.058.080       684.449.975.477                    Sub total
   Akumulasi kerugian                                                                                                                                               Accumulated
    penurunan nilai:                                                                                                                                         impairment losses:
   Aset tidak produktif                                                                                                                                     Non-productive assets
   Mesin dan                                                                                                                                                     Machineries and
    peralatan                 18.306.340.765         3.194.178.033      -                     -                   2.050.009.242        23.550.528.040               equipments
   Sub jumlah                 18.306.340.765         3.194.178.033      -                     -                   2.050.009.242        23.550.528.040                    Sub total
   Nilai buku               303.896.709.523     (19.744.417.300)      (21.424.113)            -                   3.547.936.421       287.678.804.531                 Book value



                                                                                        53
Page 57
PT INDAL ALUMINIUM INDUSTRY Tbk                                               PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                             AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                    STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                     As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                And for the six-month periods ended
30 Juni 2023 dan 2022                                                                         June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                         (Expressed in Rupiah)

16. ASET TETAP (lanjutan)                                   16. FIXED ASSETS (continued)
   Penjualan aset tetap untuk tahun yang berakhir pada         Sales of fixed assets for the years ended June 30, 2023
   tanggal-tanggal 30 Juni 2023 dan 31 Desember 2022,          and December 31, 2022, with detail as follows:
   dengan rincian sebagai berikut:

                                                                     31 Des 2022 /
                                           30 Juni 2023 /             Dec 31, 2022
                                           June 30, 2023                 (Audited)
   Nilai buku pelepasan                       -                          -                Net book value of disposals
   Nilai buku aset lain-lain                  -                          -              Net book value of other assets
   Harga jual                                651.577.807                46.700.000                         Sales price
   Laba atas pelepasan aset tetap            651.577.807                46.700.000     Gain on disposals of fixed assets

   Beban penyusutan dialokasikan sebagai berikut:              Allocation of depreciation expenses as follows:
                                                                     31 Des 2022 /
                                           30 Juni 2023 /             Dec 31, 2022
                                           June 30, 2023                 (Audited)
   Beban pabrikasi                                                                            Manufacturing expenses
     (Catatan 32)                           8.917.766.534          18.914.409.049                         (Note 32)
   Beban usaha ( Catatan 33)                  128.663.364             189.828.840        Operating expenses (Note 33)
   Jumlah                                   9.046.429.898          19.104.237.889                                 Total
   Entitas memiliki tanah yang terletak di Sidoarjo, Jawa      The Entity owns several plot of land located in Sidoarjo,
   Timur dengan hak legal berupa Hak Guna Bangunan             with Building Rights Titles (Hak Guna Bangunan or
   yang berjangka waktu 20 tahun yang akan jatuh tempo         HGB) for a period of 20 years which will mature on
   tahun 2031.                                                 2031.

   PT Warna Cemerlang Industri, dimiliki oleh PT Indal         PT Warna Cemerlang Industri, owned by PT Indal
   Investindo (Entitas Anak) memiliki sebidang tanah yang      Investindo (Subsidiary) owns a plot of land located in
   terletak di Gresik, Jawa Timur - Indonesia dengan hak       Gresik, East Java - Indonesia with Building Rights
   legal berupa Hak Guna Bangunan (HGB) berjangka              Titles (Hak Guna Bangunan or HGB) for a period of 30
   waktu 30 tahun yang akan jatuh tempo pada tahun 2027.       years which will mature on 2027.

   PT Indal Reiwa Auto, dimiliki oleh PT Indal Investindo      PT Indal Reiwa Auto, owned by PT Indal Investindo
   (Entitas Anak) memiliki beberapa bidang tanah yang          (Subsidiary) owns several plot of land located in Gresik,
   terletak di Gresik, Jawa Timur - Indonesia dengan hak       East Java - Indonesia with Building Rights Titles (Hak
   legal berupa Hak Guna Bangunan (HGB) berjangka              Guna Bangunan or HGB) for a period of 20 years which
   waktu 20 tahun yang akan jatuh tempo pada tahun 2026        will mature on 2026 and 2027.
   dan 2027.
   Manajemen berpendapat tidak terdapat masalah dengan         The management believes that there will be no difficulty
   perpanjangan hak atas tanah-tanah di atas karena            in the extension of the above landrights since all the
   seluruh tanah diperoleh secara sah dan didukung dengan      land were acquired legally and supported by sufficient
   bukti pemilikan yang memadai.                               evidence of ownership.

   Pada tanggal 30 Juni dan 31 Desember 2022, aset tetap       As of June 30, 2023 and December 31, 2022, fixed
   kecuali tanah telah diasuransikan kepada PT Asuransi        assets except land, were insured to PT Asuransi
   Central Asia dengan jumlah pertanggungan sebesar USD        Central Asia for a total coverage of USD 35,280,679 or
   35,280,679 ekuivalen Rp 530.127.482.654 dan USD             equivqlent Rp 530,127,482,854 and USD 35,280,679 or
   35.280.679 atau ekuivalen Rp 555.000.361.349 dan Rp         equivalent Rp 555,000,361,349 and Rp 420,000,000
   420.000.000




                                                      54
Page 58
PT INDAL ALUMINIUM INDUSTRY Tbk                                                     PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                   AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                          STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                           As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                      And for the six-month periods ended
30 Juni 2023 dan 2022                                                                               June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                               (Expressed in Rupiah)

16. ASET TETAP (lanjutan)                                          16. FIXED ASSETS (continued)

   Manajemen Entitas telah melakukan pengkajian ulang                 The Entity's management has been reviewed estimated
   atas estimasi umur ekonomis, metode penyusutan dan                 economic useful lives, depreciation method and
   nilai residu pada setiap akhir pelaporan.                          residual value at each the end of reporting period.
   Berdasarkan penelaahan manajemen Entitas dan Entitas               Based on the review of the Entity and its Subsidiaries
   Anak terhadap kondisi aset tetap, manajemen                        management regarding the condition of fixed assets,
   mengklasifikasikan mesin yang sudah tidak digunakan                the management classified machines that are no longer
   lagi dan mencatat penurunan nilai mesin PT Indal                   used and record an impairment in assets values of PT
   Investindo (Entitas Anak) pada tanggal 30 Juni 2023                Indal Investindo (Subsidiary) as of June 30, 2023 and
   sebesar Rp 22.548.983.112 dan 31 Desember 2022                     December 31, 2022 amounted to Rp 22.548.983.112
   ebesar Rp 23.550.528.040.                                          and Rp 23,550,528,040.

   Menurut pihak manajemen, nilai wajar per 30 Juni 2023              Based on management assessment, the fair value as of
   dan 31 Desember 2022 adalah sebagai berikut:                       June 30, 2023 and December 31, 2022 were as
                                                                      follows:
                                                                            31 Des 2022 /
                                                 30 Juni 2023 /              Dec 31, 2022
                                                 June 30, 2023                  (Audited)
   Tanah                                       204.917.930.469           201.889.586.669                               Lands
   Bangunan                                     28.852.543.513            29.791.023.514                            Buildings
   Mesin dan peralatan                          57.526.524.804            56.736.487.605         Machineries and equipments
   Kendaraan                                       492.546.985               572.223.263                            Vehicles
   Inventaris kantor                               987.985.625             1.123.718.797                   Office equipments
   Jumlah                                      292.777.531.396           290.113.039.848                                Total

   Pada tanggal 30 Juni 2023 dan 31 Desember 2022, aset               As of June 30, 2023 and December 31, 2022, fixed
   tetap Entitas digunakan sebagai jaminan utang kepada               assets used as bank loan's collateral to PT Bank ICBC
   PT Bank ICBC Indonesia (Catatan 19).                               Indonesia (Notes 19).

   Pada tanggal 30 Juni 2023 dan 31 Desember 2022, aset               As of June 30, 2023 and December 31, 2022, fixed
   tetap PT Indalex (Entitas Anak) digunakan sebagai                  assets of PT Indalex (Subsidiary) used as bank loan's
   jaminan utang kepada PT Bank OCBC NISP (Catatan                    collateral to PT Bank OCBC NISP Tbk (Notes 19).
   19).
   Pada tanggal 30 Juni 2023 dan 31 Desember 2022,                    As of June 30, 2023 and December 31, 2022, gross
   jumlah tercatat bruto aset tetap yang telah disusutkan             carrying amount of fixed assets which fully depreciated
   penuh namun masih digunakan, masing-masing adalah                  but still used in operation each one is amounted to Rp
   sebesar Rp 579.356.844.886                                         579,356,844,886

17. ASET HAK GUNA DAN LIABILITAS SEWA                              17. RIGHT OF USE ASSETS AND LEASE LIABILITIES

   a. Aset hak guna                                                   a. Right of use assets
      Saldo dan mutasi aset hak guna untuk tahun yang                   Balance and movement of right of use assets for the
      berakhir pada tanggal 30 Juni 2023 adalah:                        year ended June 30, 2023 were:
                                  Saldo awal                                                 Saldo akhir
                                 1 Jan 2023/                                                30 Juni 2023/
                           Beginning balance       Penambahan/          Pengurangan/      Ending balance
                                 Jan 1, 2023           Additions          Deductions       June 30, 2023
      Biaya perolehan                                                                                                     Cost
      Bangunan                5.372.794.431           -                    -               5.372.794.431             Buildings
      Sub jumlah                                                                                                     Sub total
        dipindahkan           5.372.794.431           -                    -               5.372.794.431           (total b/f)




                                                            55
Page 59
PT INDAL ALUMINIUM INDUSTRY Tbk                                                      PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                    AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                           STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                            As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                       And for the six-month periods ended
30 Juni 2023 dan 2022                                                                                June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                                 (Expressed in Rupiah)

17. ASET HAK GUNA DAN LIABILITAS SEWA                             17. RIGHT OF USE ASSETS AND LEASE LIABILITIES
      (lanjutan)                                                        (continued)
      Sub jumlah                                                                                                        Sub total
       dipindahkan            5.372.794.431        -                     -                   5.372.794.431            (total b/f)
      Akumulasi penyusutan                                                                              Accumulated depreciation
      Tanah                    -                  -                      -                       -                       Lands
      Bangunan             3.223.676.662        537.279.444              -                   3.760.956.106              Building
      Sub jumlah              3.223.676.662    1.074.558.888             -                   3.760.956.106             Sub total
      Nilai buku              2.149.117.769                                                  1.611.838.325          Book value


   a. Aset hak guna                                                 a. Right of use assets
      Saldo dan mutasi aset hak guna untuk tahun yang                  Balance and movement of right of use assets for the
      berakhir pada tanggal 31 Desember 2022 adalah:                   year ended December 31, 2022 were:

                                  Saldo awal                                                  Saldo akhir
                                 1 Jan 2022/                                                31 Des 2022/
                           Beginning balance   Penambahan/            Pengurangan/        Ending balance
                                 Jan 1, 2022       Additions            Deductions          Dec 31, 2022
      Biaya perolehan                                                                                                       Cost
      Tanah                               -                   -                     -                    -               Lands
      Bangunan                5.372.794.431                   -                     -        5.372.794.431             Buildings
      Sub jumlah              5.372.794.431               -                         -        5.372.794.431             Sub total
      Akumulasi penyusutan                                                                              Accumulated depreciation
      Tanah                            -                   -                        -                    -               Lands
      Bangunan             2.149.117.774       1.074.558.888                        -        3.223.676.662              Building
      Sub jumlah              2.149.117.774    1.074.558.888                        -        3.223.676.662             Sub total
      Nilai buku              3.223.676.657                                                  2.149.117.769          Book value


      Beban penyusutan dialokasikan sebagai berikut:                Allocation of depreciation expenses as follow:

                                                                             31 Des 2022 /
                                               30 Juni 2023 /                 Dec 31, 2022
                                               June 30, 2023                     (Audited)
      Beban usaha (Catatan 33)                 537.279.444                1.074.558.888          Operating expenses (Note 33)
      Jumlah                                   537.279.444                1.074.558.888                                    Total




                                                         56
Page 60
PT INDAL ALUMINIUM INDUSTRY Tbk                                                PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                              AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                     STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                      As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                 And for the six-month periods ended
30 Juni 2023 dan 2022                                                                          June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                        (Expressed in Rupiah)

17. ASET HAK GUNA DAN LIABILITAS SEWA                         17. RIGHT OF USE ASSETS AND LEASE LIABILITIES
      (lanjutan)                                                    (continued)
   b. Liabilitas sewa                                           b. Lease liabilities
      Saldo dan mutasi liabilitas sewa untuk tahun yang            Balance and movement of lease liabilities for the
      berakhir pada tanggal 30 Juni 2023 dan 31 Desember           year ended June 30, 2023 and December 31, 2022
      2022 adalah:                                                 were:

                                                                      31 Des 2022 /
                                             30 Juni 2023 /            Dec 31, 2022
                                             June 30, 2023                (Audited)
      Pihak berelasi                                                                                     Related party
      PT Maspion                            1.318.560.314             2.512.137.501                        PT Maspion
      Jumlah                                1.318.560.314             2.512.137.501                              Total
      Dikurangi:                                                                                                 Less:
      Bagian yang jatuh tempo
       dalam waktu satu tahun               1.254.513.257             1.193.577.187            Current maturity portion
      Bagian jangka panjang, setelah
       dikurangi bagian yang jatuh                                                                    Long-term, net of
       tempo dalam satu tahun                  64.047.057             1.318.560.314           current maturity portion

      Pembayaran sewa minimum di masa mendatang,                   Future minimum lease payments, together with the
      serta nilai kini atas pembayaran minimum sewa pada           present value of the minimum lease payments as of
      tanggal 30 Juni 2023 dan 31 Desember 2022 adalah             June 30, 2023 and December 31, 2022 were as
      sebagai berikut:                                             follows:

                                                                      31 Des 2022 /
                                             30 Juni 2023 /            Dec 31, 2022
                                             June 30, 2023                (Audited)
      Nilai tercatat                                                                                 Carrying amount
      Kurang dari 1 tahun                   1.193.577.187             1.391.068.800                  Less than 1 year
      Lebih dari 1 tahun dan                                                                     More than 1 year and
       kurang dari 5 tahun                   736.626.544              1.391.068.800                less than 5 years
      Jumlah                                1.930.203.731             2.782.137.600                              Total
      Dikurangi:                                                                                                 Less:
      Bagian pembiayaan masa datang          611.643.417                270.000.099            Future financing portion
      Nilai kini liabilitas sewa            1.318.560.314             2.512.137.501 Present value of lease liabilities

18. UANG JAMINAN                                              18. SECURITY DEPOSITS

   Pada tanggal 30 Juni 2023 dan 31 Desember 2022, uang         As of June 30, 2023 and December 31, 2022, security
   jaminan Entitas dan Entitas Anak terdiri dari jaminan        deposit of the Entity and the Subsidiary consist of PLN
   PLN, jaminan sewa apartemen dan jaminan bank garansi         guarantee, apartment rental guarantee and bank
   dengan total Rp 1.403.743.716 Rp dan 1.469.207.652           guarantee with total amount of Rp 1,403,743,716 and
                                                                Rp 1,469,207,652




                                                      57
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                  PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                       STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                        As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                   And for the six-month periods ended
30 Juni 2023 dan 2022                                                                            June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                           (Expressed in Rupiah)

19. PINJAMAN BANK JANGKA PENDEK                                 19. SHORT-TERM BANK BORROWINGS

   Saldo pinjaman bank jangka pendek terdiri dari:                Short-term bank borrowings consist of:
                                                                        31 Des 2022 /
                                             30 Juni 2023 /              Dec 31, 2022
                                             June 30, 2023                  (Audited)
   Fasilitas Overdraft                                                                                 Overdraft Facility
   PT Bank Rakyat Indonesia                                                                   PT Bank Rakyat Indonesia
      (Persero) Tbk                        111.010.992.026,00        127.170.586.886                    (Persero) Tbk
   PT Bank JTrust Indonesia Tbk             72.144.311.411,00          7.404.156.963       PT Bank JTrust Indonesia Tbk
   Sub jumlah                             183.155.303.437            134.574.743.849                           Sub total

   Fasilitas Letter of Credit                                                                     Letter of Credit Facility
   PT Bank ICBC Indonesia                  38.180.730.920             80.045.967.722            PT Bank ICBC Indonesia
   PT Bank OCBC NISP Tbk                   32.595.142.711             31.655.961.276           PT Bank OCBC NISP Tbk
   PT Bank QNB Indonesia Tbk               20.960.316.953             23.477.642.338         PT Bank QNB Indonesia Tbk
   PT Bank Danamon Indonesia Tbk           20.511.766.628             63.693.407.511      PT Bank Danamon Indonesia Tbk
   PT Bank JTrust Indonesia Tbk                -                      70.537.503.066       PT Bank JTrust Indonesia Tbk
   Sub jumlah                             112.247.957.212            269.410.481.913                           Sub total

   Pinjaman Tetap                                                                                           Fixed Loan
   PT Bank MNC International Tbk          250.000.000.000            235.000.000.000      PT Bank MNC International Tbk
   PT Bank CTBC Indonesia                  75.000.000.000             75.000.000.000           PT Bank CTBC Indonesia
   PT Bank ICBC Indonesia                  68.500.000.000             68.500.000.000            PT Bank ICBC Indonesia
   PT Bank OCBC NISP Tbk                   50.000.000.000             50.000.000.000           PT Bank OCBC NISP Tbk
   Sub jumlah                             443.500.000.000            428.500.000.000                          Sub total
   Jumlah                                 738.903.260.649            832.485.225.762                                 Total

   PT Bank Danamon Indonesia Tbk                                  PT Bank Danamon Indonesia Tbk
   Berdasarkan perjanjian kredit yang terakhir diperpanjang       Based on credit agreement which been extended with
   dengan No. 017/PP/EB/0123 tanggal 11 Januari 2023,             No. 017/PP/EB/0123 dated January 11, 2023, the
   Entitas memperoleh fasilitas pembiayaan perdagangan            Entity obtained trade financing facilities from PT Bank
   dari PT Bank Danamon Indonesia Tbk sebagai berikut:            Danamon Indonesia Tbk such as:

   a. Fasilitas Omnibus Trade dengan limit USD 5.000.000.         a. Omnibus Trade facility with a limit of USD 5,000,000.

      - Fasilitas Sight/Usance L/C dengan limit USD                  - Sight/Usance L/C facility with a limit of USD
        5.000.000.                                                     5,000,000.
      - Fasilitas UPAS/Trust Receipt dengan limit USD                - UPAS/Trust Receipt facility with a limit of USD
        5.000.000.                                                     5,000,000.
      - Fasilitas Open Account Financing/Trade Supplier              - Open     Account        Financing/Trade     Supplier
        Financing dengan limit USD 5.000.000.                          Financing facility with a limit of USD 5,000,000.
      - Fasilitas Discrepant LC/SKBDN Discounting dengan             - Discrepant LC/SKBDN Discounting facility with a
        limit USD 5.000.000.                                           limit of USD 5,000,000.

      Fasilitas Omnibus Trade dengan limit USD 5.000.000.         a. Omnibus Trade facility with a limit of USD 5,000,000.
      (lanjutan)                                                     (continued)

      - Fasilitas Outgoing Collecting Financing dengan limit         - Outgoing Collecting Financing facility with a limit
        USD 5.000.000.                                                 of USD 5,000,000.
      - Fasilitas Bank Garansi/Standby Letter of L/C dengan          - Bank Guarantee/Standby Letter of LlC with a limit
        limit USD 1.000.000.                                           of USD 1,000,000.


                                                         58
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                 PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                      STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                       As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                  And for the six-month periods ended
30 Juni 2023 dan 2022                                                                           June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                            (Expressed in Rupiah)

18. PINJAMAN BANK JANGKA PENDEK (lanjutan)                     18. SHORT-TERM BANK BORROWINGS (continued)
   PT Bank Danamon Indonesia Tbk (lanjutan)                      PT Bank Danamon Indonesia Tbk (continued)

      - Fasilitas Shipping Guarantee dengan limit USD                - Shipping Guarantee facility with a limit of USD
        1.000.000.                                                     1,000,000.
      Atas fasilitas di atas, diberlakukan sebagai sub-limit        Those above facilities used as sub-limit of Omnibus
      dari Fasilitas Omnibus Trade sehingga jumlah fasilitas        Trade facility with total maximum of facilities
      gabungan yang digunakan maksimum USD                          amounted to USD 5,000,000.
      5.000.000.

      Fasilitas L/C ini dikenakan tingkat bunga 30 Juni 2023        Interest rate for L/C facility as of June 30, 2023
      dan 31 Desember 2022 masing-masing sebesar                    and December 31, 2022 were at 5.50% and
      5,50% dan 3,00% per tahun untuk L/C dalam USD                 3.00% per annum for opened L/C in USD also
      serta 9,75% per tahun untuk fasilitas Trust Receipt           9.75% per annum for opened Trust Receipt in
      dalam IDR.                                                    IDR, respectively.

      Jangka waktu pinjaman atas fasilitas di atas jatuh            Term of this loan for the above facilities were due on
      tempo pada tanggal 14 Oktober 2023.                           October 14, 2023.

      Saldo utang L/C pada tanggal 30 Juni 2023 dan 31
      Desember 2022 sebesar Rp 20.511.766.628 dan USD               L/C loan balance as of June 30, 2023 and December
      713.541 atau ekuivalen Rp 11.224.714.217.                     31, 2022 amounted to Rp 20.511.766.628 and USD
                                                                    731,541 or equivalent to Rp 11,224,714,217,

    b. Fasilitas kredit ini dijamin dengan cash guarantee         b. This facility credit secured by cash guarantee
       sebesar 10% cash margin dari penerbitan nilai L/C /           amounted to 10% cash margin of issuance L/C /
       SKBDN dan memastikan bahwa utang Entitas pada                 SKBDN value and ensure that Entity's loan to PT
       PT Bank Danamon Indonesia Tbk memiliki peringkat              Bank Danamon Indonesia Tbk have the same rank
       yang sama (pari passu) dengan pemberi pinjaman                (pari passu) with the other working capital facilities
       fasilitas modal kerja lainnya.                                lender.


   PT Bank ICBC Indonesia                                        PT Bank ICBC Indonesia
   Berdasarkan perjanjian kredit yang terakhir diperpanjang      Based on credit agreement which been extended with
   dengan No. 018/ICBC-BSR/OMN/X/2016/PR4 tanggal 19             No. 018/ICBC-BSR/OMN/X/2016/PR4 dated October
   Oktober 2022, Entitas memperoleh fasilitas pembiayaan         19, 2022, the Entity obtained facilities for trade finance
   perdagangan dari PT Bank ICBC Indonesia sebagai               from PT Bank ICBC Indonesia Tbk such as:
   berikut:

   a. Fasilitas Omnibus      Trade   dengan     limit   USD      a. Omnibus Trade       facility with a    limit of USD
      13.509.000.                                                   13,509,000.

      - Fasilitas SKBDN Sight/Usance L/C dengan limit                - SKBDN Sight/Usance L/C facility with a limit of
        USD 13.509.000.                                                USD 13,509,000.
      - Fasilitas UPAS (Usance Payable at Sight) dengan              - UPAS (Usance Payable at Sight) facility with a
        limit USD 13.509.000.                                          limit of USD 13,509,000.
      - Fasilitas TR (Trust Receipt) dengan limit USD                - TR (Trust Receipt) facility with a limit of USD
        13.509.000.                                                    13,509,000.
      Fasilitas UPAS pada tanggal 30 Juni 2023 dan 31               Interest rate for UPAS facility as of Juni 30, 2023
      desember 2022 dikenakan tingkat bunga SOFR 3 per              and December 31, 2022 were at SOFR 3 each 6
      6 bulan + 200bps dan Libor+2% per tahun untuk L/C             month + 200bps and Libor+2% per annum for
      dalam USD, serta 10% dan 10% per tahun untuk L/C              opened L/C in USD, also 10% and 10% per annum
      dalam Rupiah.                                                 for opened L/C in IDR.




                                                        59
Page 63
PT INDAL ALUMINIUM INDUSTRY Tbk                                                PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                              AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                     STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                      As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                 And for the six-month periods ended
30 Juni 2023 dan 2022                                                                          June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                           (Expressed in Rupiah)

19. PINJAMAN BANK JANGKA PENDEK (lanjutan)                     19. SHORT-TERM BANK BORROWINGS (continued)
   PT Bank ICBC Indonesia (lanjutan)                             PT Bank ICBC Indonesia (continued)
      Fasilitas Trust Receipt pada tanggal 30 Juni 2023 dan        Interest rate for Trust Receipt facility as of June 30,
      31 desenber 2022 dikenakan tingkat bunga masing-             2023 and Deceber 31, 2022 were at SOFR 3 each 6
      masing SOFR 3 per 6 bulan + 200bps dan Libor+4% -            month + 200bps and Libor+4% - 7.51% per annum
      7,51% per tahun untuk Trust Receipt dalam USD,               for opened Trust Receipt in USD, also 10.75% and
      serta 10,75% dan 11% per tahun untuk Trust Receipt           11% per annum for opened Trust Receipt in IDR,
      dalam Rupiah.                                                respectively.

      Saldo utang L/C pada tanggal 30 Juni 2023 sebesar            L/C loan balance as of June 30, 2023 amounted to
      USD 2,540,977,70 atau ekuivalen Rp 38.180.730.920.           USD 2'540'978. atau ekuivalen Rp 38.180.730.920
      dan Saldo utang L/C pada tanggal 31 Desember 2022            and L/C loan balance as of December 31, 2022
      sebesar USD 1.091.567 atau ekuivalen Rp                      amounted toUSD 1,091,567 or equivalent to Rp
      17.171.446.445 dan Rp 62.874.521.267.                        17,171,446,455 and Rp 62,874,521,267.


      - Fasilitas pinjaman tetap dengan limit USD 5.000.000.        - Fixed loan facility with a limit of USD 5,000,000.
      Fasilitas pinjaman tetap pada tanggal 30 Juni 2023           Interest rate for fixed loan facility as of June 30, 2023
      dan 31 Desember 2022 dalam Rupiah dikenakan                  and 31 December 2022 in IDR were at 10.75% -
      bunga 10,75% - 11% dan 11% per tahun.                        11% and 11% per annum.
      Saldo pinjaman tetap ini pada tanggal 30 Juni 2023           Fixed loan balance as of June 30, 2023 and
      dan 31 Desember 2022 masing-masing sebesar Rp                December 31, 2022 amounted to Rp 68,500,000,000
      68.500.000.000 dan Rp 68.500.000.000.                        andRp 68,500,000,000,
      - Fasilitas Outward Collection Financing dengan limit         - Outward Collection Financing facility with a limit of
        USD 5.000.000.                                                USD 5,000,000.
      Atas fasilitas di atas, diberlakukan sebagai sub-limit       Those above facilities, used as sub-limit of Omnibus
      dari fasilitas Omnibus Trade sehingga jumlah fasilitas       Trade facility with total maximum of facilities
      gabungan yang digunakan maksimum USD                         amounted to USD 13,509,000.
      13.509.000.

      Jangka waktu pinjaman atas fasilitas di atas berlaku         Term of this loan for the above facilities were
      sejak 28 Oktober 2022 sampai 28 Oktober 2023.                effective since October 28, 2022 until October 28,
                                                                   2023.

   b. Fasilitas kredit dari PT Bank ICBC Indonesia dijamin       b. Credit facility from PT Bank ICBC Indonesia were
      dengan:                                                       secured by:
      - Tanah dan bangunan (pabrik) dengan SHGB No. 6,             - Land and buildings (factory) with certificate SHGB
        9, 17 dengan luas keseluruhan 66.230 m2 atas                 No.6, 9, 17 with a total area of 66,230 m2 on
        nama Entitas yang berlokasi di kompleks Maspion              behalf of the Entity, located in Maspion Unit 1,
        Unit 1, Gedangan, Sidoarjo, Jawa Timur dengan hak            Gedangan, Sidoarjo, East Java, with mortgage
        tanggungan senilai Rp 65.000.000.000.                        right amounted to Rp 65,000,000,000.

      - Fidusia atas mesin yang berlokasi di kompleks              - Fiducia transfer ownership over machine, located
        Maspion Unit 1, Gedangan, Sidoarjo, Jawa Timur               in the Maspion Unit 1, Gedangan, Sidoarjo, East
        dengan nilai jaminan sebesar Rp 108.000.000.000.             Java, with a secured amount of Rp
                                                                     108,000,000,000.
      - Fidusia atas persediaan dan/atau piutang usaha             - Fiducia transfer ownership on inventories and/or
        dengan nilai penjaminan sejumlah USD 20.000.000.             receivable with a secured amount of USD
                                                                     20,000,000.
      - Cash margin sebesar 10% untuk setiap penerbitan            - 10% cash margin for each L/C / SKBDN, UPAS,
        L/C / SKBDN, UPAS, TR, OCF dan bank garansi,                 TR, OCF and bank guarantee issuance, except
        kecuali untuk fasilitas pinjaman tetap.                      for fixed loan facility.



                                                        60
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                    PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                         STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                          As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                     And for the six-month periods ended
30 Juni 2023 dan 2022                                                                              June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                               (Expressed in Rupiah)

19. PINJAMAN BANK JANGKA PENDEK (lanjutan)                        19. SHORT-TERM BANK BORROWINGS (continued)

   PT Bank Rakyat Indonesia (Persero) Tbk                           PT Bank Rakyat Indonesia (Persero) Tbk

   Berdasarkan perjanjian kredit yang terakhir diperpanjang         Based on credit agreement which been extended with
   dengan Surat Penawaran Putusan Kredit No. B/419-RO-              Credit Decision Offering Letter No. B/419-RO-
   SUB/COP/07/2022 tanggal 12 Juli 2022, Entitas                    SUB/COP/07/2022 dated July 12, 2022, the Entity
   memperoleh fasilitas kredit dari PT Bank Rakyat                  obtained credit facilities from PT Bank Rakyat
   Indonesia (Persero) Tbk, sebagai berikut:                        Indonesia (Persero) Tbk, such as:

   -   Fasilitas pinjaman rekening koran dengan limit Rp            - Overdraft loan facility with the limit of Rp
       100.000.000.000. Fasilitas ini pada 30 Juni 2023 dan           100,000,000,000. Interest rate for this facility as of
       31 Desember 2022 dikenakan bunga 10,25% dan                    June 30, 2023 and December 31,2022 were at
       12,00% per tahun.                                              10.25% and 12.00% per annum.
       Saldo pinjaman rekening koran bank dari PT Bank                Outstanding balance of overdraft loan from PT Bank
       Rakyat Indonesia (Persero) Tbk pada tanggal 30 Juni            Rakyat Indonesia (Persero) Tbk as of June 30, 2023
       2023 dan 31 Desember 2022 sebesar Rp                           and December 31, 2022 amounted to Rp
       111.101.992.026 dan Rp 127.170.586.886.                        111,101,992,026 and Rp 127,170,586,886.

   -   Fasilitas forex line dengan limit USD 1.000.000.             - Forex line facility with a limit of USD 1,000,000.
   -   Fasilitas commercial line dengan limit USD 500.000.          - Commercial line facility with a limit of USD 500,000.


   -   Fasilitas trade line dengan limit USD 500.000.               - Trade line facility with a limit of USD 500,000.
   -   Fasilitas kredit modal kerja impor dengan limit              - Working capital import credit facility with a limit of Rp
       sebesar Rp 35.000.000.000.                                     35,000,000,000.
   -   Fasilitas impor     line   dengan   limit   sebesar   Rp     - Import line facility with a limit of Rp 31,500,000,000.
       31.500.000.000.
   -   Fasilitas bank garansi / SKBDN dengan limit sebesar          - Bank guarante / SKBDN facility with a limit of Rp
       Rp 65.000.000.000.                                             65,000,000,000.
       Saldo utang L/C pada tanggal 30 Juni 2023 sebesar              L/C loan balance as of June 30, 2023 amounted to
       nihil. Saldo utang L/C pada tanggal 31 Desember                nil. L/C loan balance as of December 31, 2022
       2022 sebesar Nihil                                             amounted to nil,
       Jangka waktu pinjaman fasilitas di atas berlaku sejak          Term of this loan for the above facilities were
       28 Juni 2022 sampai 28 Juni 2023. Sampai dengan                effective since June 28, 2022 until June 28, 2023,
       30 Juni 2023 perpanjangan perjanjian masih dalam               Until June 30, 2023 the extention of credit
       proses                                                         agreement were still in progress

   Seluruh fasilitas kredit dari PT Bank Rakyat Indonesia           All credit facility from PT Bank Rakyat Indonesia
   (Persero) Tbk dijamin dengan:                                    (Persero) Tbk were secured by:
   -   Fidusia atas piutang usaha milik PT Indal Aluminium          - Fiducia transfer ownership over receivable on behalf
       Industry Tbk dengan nilai Rp 255.089.750.000.                  of PT Indal Aluminium Industry Tbk amounted to Rp
                                                                      255,089,750,000.
   -   Tanah / Bangunan SHGB No. 695, luas tanah                    - Land and buildings with certificate SHGB No. 695
       203.670 m² atas nama PT Maspion Industrial Estate              with a total area of 203,670 m² on behalf of PT
       dengan nilai Rp 246.610.000.000 yang berlokasi di              Maspion Industrial Estate amounted to Rp
       Sukomulyo, Manyar, Gresik, Jawa Timur.                         246,610,000,000 located in Sukomulyo, Manyar,
                                                                      Gresik, East Java.

   -   Blokir limit fasilitas / jaminan kas yang cukup atas         - Restricted limit facility / secured by enough cash for
       penggunaan forex line / trade line / commercial line.          the use of forex line / trade line / commercial line.




                                                             61
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                              AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                     STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                      As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                 And for the six-month periods ended
30 Juni 2023 dan 2022                                                                          June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                           (Expressed in Rupiah)

19. PINJAMAN BANK JANGKA PENDEK (lanjutan)                     19. SHORT-TERM BANK BORROWINGS (continued)

   PT Bank CTBC Indonesia                                        PT Bank CTBC Indonesia
   Berdasarkan perjanjian kredit yang terakhir diperpanjang      Based on credit agreement which been extended with
   dengan No. CTBCI SBY - 322 / XI - 2022 tanggal 10             No. CTBCI SBY - 322 / XI - 2022 dated November 10,
   November 2022, Entitas memperoleh fasilitas kredit dari       2022, the Entity obtained credit facilities from PT Bank
   PT Bank CTBC Indonesia, sebagai berikut:                      CTBC Indonesia, such as:


   a. Fasilitas Omnibus      Trade    dengan     limit   Rp      a. Omnibus Trade      facility   with   a   limit   of   Rp
      75.000.000.000.                                               75,000,000,000.
      - Fasilitas Demand      Loan     dengan    limit   Rp         - Demand Loan facility        with   a   limit   of   Rp
        50.000.000.000.                                               50,000,000,000.
      - Fasilitas SKBDN / Usance L/C dengan limit Rp                - SKBDN facility / Usance L/C with a limit of Rp
        75.000.000.000.                                               75,000,000,000.
      - Fasilitas  Trust   Receipt    dengan     limit   Rp         - Trust Receipt facility      with   a   limit   of   Rp
        75.000.000.000.                                               75,000,000,000.
      - Fasilitas  bank    garansi    dengan     limit   Rp         - Bank guarantee facility with a limit of Rp
        75.000.000.000.                                               75,000,000,000.
      Fasilitas Demand Loan 2023 dan 2022 dikenakan                Interest rate for Demand Loan facility in 2022 and
      tingkat bunga 9% - 10,5% dan 10,75% per tahun.               2021 were at 9% - 10.5% and 10.75% per annum.
      Saldo Demand Loan ini pada tanggal 30 Juni 2023              Demand loan balance as of June 30, 2023 and
      dan 31 Desember 2022 masing-masing sebesar Rp                December 31, 2022 amounted to Rp 75,000,000,000
      75.000.000.000 dan Rp 75.000.000.000.                        and Rp 75,000,000,000, respectively.


      Fasilitas di atas bersifat cross default dan dapat           The above facilities were cross default and can be
      digunakan oleh Entitas maupun PT Ishizuka Maspion            used by the Entity or PT Ishizuka Maspion
      Indonesia.                                                   Indonesia.
      Atas fasilitas di atas, diberlakukan sebagai sub-limit       Those above facilities, used as sub-limit of Omnibus
      dari Fasilitas Omnibus Trade sehingga jumlah fasilitas       Trade facility with total maximum of combine facilities
      gabungan       yang     digunakan    maksimum      Rp        amounted to Rp 75,000,000,000.
      75.000.000.000.

      Jangka waktu pinjaman fasilitas di atas berlaku sejak        Term of this loan for above facilites were effective
      12 November 2022 sampai 12 November 2023.                    since November 12, 2022 until November 12, 2023.


   b. Fasilitas kredit dari PT Bank CTBC Indonesia dijamin       b. Credit facility from PT Bank CTBC Indonesia were
      dengan:                                                       secured by:

      - Tanah dan bangunan yang terletak di Komplek                - Land and building located in Komplek Maspion
        Maspion Unit IV, Romokalisari, Benowo, Surabaya              Unit IV, Romokalisari, Benowo, Surabaya with
        dengan SHGB No. 62 atas nama PT Ishizuka                     SHGB No. 62 on behalf of PT Ishizuka Maspion
        Maspion Indonesia senilai Rp 150.000.000.000.                Indonesia amounted to Rp 150,000,000,000.
      - Seluruh mesin dan peralatan milik PT Ishizuka              - All machines and equipments which belong to PT
        Maspion Indonesia dengan nilai penjaminan                    Ishizuka Maspion Indonesia with mortgage
        sebesar Rp 20.000.000.000.                                   amounted to Rp 20,000,000,000.
      Jaminan bersama tersebut juga merupakan jaminan              Those combined collateral also used as a collateral
      atas pinjaman yang diterima oleh PT Ishizuka                 for loan facility which granted to PT Ishizuka
      Maspion Indonesia.                                           Maspion Indonesia.




                                                         62
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PT INDAL ALUMINIUM INDUSTRY Tbk                                              PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                            AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                   STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                    As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                               And for the six-month periods ended
30 Juni 2023 dan 2022                                                                        June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                         (Expressed in Rupiah)

19. PINJAMAN BANK JANGKA PENDEK (lanjutan)                   19. SHORT-TERM BANK BORROWINGS (continued)

   PT Bank OCBC NISP Tbk                                       PT Bank OCBC NISP Tbk
   Berdasarkan Akta Perjanjian Pinjaman No. 41 tanggal 25      Based on Deed of Loan Agreement No. 41 dated June
   Juni 2018 yang terakhir diperpanjang dengan Surat           25, 2018 which been extended with Changes of Loan
   Perubahan        Perjanjian  Pinjaman    No.   23/ILS-      Agreement Letter No. 23/ILS-SBY/PK/V/2023 dated
   SBY/PK/V/2023 tanggal 9 Juni 2023, Entitas memperoleh       June 9, 2023, the Entity obtained credit facilities from
   fasilitas kredit dari PT Bank OCBC NISP Tbk, sebagai        PT Bank OCBC NISP Tbk, such as:
   berikut:

   -   Fasilitas  Demand     Loan    dengan     limit   Rp     - Demand Loan        facility   with   a   limit   of   Rp
       50.000.000.000.                                           50,000,000,000.
   -   Fasilitas Combine Trade dengan limit USD 6.200.000.     - Combine Trade facility with a limit of USD 6,200,000.

   -   Fasilitas L/C, SKBDN, Trust receipt, Bill purchase,     - Facility for L/C, SKBDN, Trust receipt, Bill purchase,
       bank garansi dengan limit USD 6.200.000.                  guarantee bank with a limit of USD 6,200,000.

   -   Fasilitas transaksi valuta asing notional amount        - Facility for notional amount foreign exchange
       dengan limit USD 5.000.000.                               transactions with a limit of USD 5,000,000.
       Saldo pinjaman Demand Loan dari PT Bank OCBC              Outstanding Demand Loan balance from PT Bank
       NISP Tbk per 30 Juni 2023 dan 31 Desember 2022,           OCBC NISP Tbk as of June 30, 2023 and December
       masing-masing sebesar Rp 50.000.000.000. Tingkat          31, 2022 amounted to Rp 50,000,000,000,
       bunga pinjaman ini pada tahun 2022 dan 2021               respectively. Interest rate for this loan in 2022 and
       sebesar 10,25% - 10,5% dan 10,5% per tahun.               2021 were at 10.25% - 10.5% and 10.5% per
                                                                 annum.
       Saldo utang L/C dari PT Bank OCBC NISP Tbk per 30         L/C loan balance from PT Bank OCBC NISP Tbk as
       Juni 2023 dan 31 Desember 2022 sebesar ,Rp                of Juni 30, 2023 and December 31, 2022 amounted
       32.595.142.711 dan Rp 31.655.961.276.                     to Rp 32.595.142.711 and Rp 31,655,961,276.

       Tingkat bunga utang L/C per 30 Juni 2023 dan 31           Interest rate for L/C loan as of June 30, 2023 and
       desember 2022 masing-masing sebesar 6% per tahun          December 31, 2022 were at 6% per annum for
       untuk L/C dalam USD, 10,75% per tahun untuk Trust         opened L/C in USD, 10.75% per annum for opened
       Receipt dalam IDR.                                        Trust Receipt in IDR, respectively.

       Jangka waktu pinjaman atas fasilitas di atas jatuh        Term of this loan for the above facilities will be due
       tempo pada tanggal 25 Juni 2024                           on June 25, 2024.

   Seluruh fasilitas kredit dari PT Bank OCBC NISP Tbk         All credit facility from PT Bank OCBC NISP Tbk were
   dijamin dengan:                                             secured by:

   -   Tanah dengan SHGB No. 262, 263, 266 di Desa             - Land with certificate SHGB No. 262, 263, 266 at
       Mekar Wangi, Bekasi dengan luas total 17.495 m²           Mekar Wangi, Bekasi with a total area of 17,495 m²
       atas nama PT Indalex (Entitas Anak).                      on behalf of PT Indalex (Subsidiary).

   -   Tanah dengan SHGB No. 276, 278 di Desa Jatiwangi        - Land with certificate SHGB No. 276, 278 at
       dengan luas total 2.193 m² atas nama PT Indalex           Jatiwangi Village with a total area of 2,193 m² on
       (Entitas Anak).                                           behalf of PT Indalex (Subsidiary).

   -   Fidusia atas piutang usaha Entitas dengan nilai         - Fiducia transfer ownership over Entity's accounts
       penjaminan sebesar Rp 100.000.000.000.                    receivable for the secured amount of Rp
                                                                 100,000,000,000.




                                                        63
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PT INDAL ALUMINIUM INDUSTRY Tbk                                               PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                             AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                    STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                     As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                And for the six-month periods ended
30 Juni 2023 dan 2022                                                                         June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                        (Expressed in Rupiah)

19. PINJAMAN BANK JANGKA PENDEK (lanjutan)                    19. SHORT-TERM BANK BORROWINGS (continued)

   PT Bank QNB Indonesia Tbk                                    PT Bank QNB Indonesia Tbk

   Berdasarkan     Addendum       Perjanjian    Kredit  No.     Based on Addendum Credit Agreement No.
   01/Add/VIII/2022 tanggal 26 Agustus 2022. Entitas            01/Add/VIII/2022 dated August 26, 2022, the Entity
   memperoleh fasilitas kredit Trade Line dari PT Bank QNB      obtained credit facilities fixed loan from PT Bank QNB
   Indonesia Tbk dengan limit sebesar Rp 60.000.000.000.        Indonesia Tbk, with a limit of Rp 60,000,000,000.
   Tingkat bunga L/C dalam USD sebesar LIBOR +3,5%              Interest rate for L/C loan in USD is LIBOR + 3.5% per
   dan tingkat bunga TR dalam IDR sebesar 10,5% per             annum and interest rate for TR in IDR is 10.5% per
   tahun.                                                       annum.

   Saldo utang L/C dari PT Bank QNB Indonesia Tbk per 30        L/C loan balance from PT Bank QNB Indonesia Tbk as
   Juni 2023 dan 31 Desember 2022 sebesar Rp                    of June 30, 2023 and December 31, 2022 amounted to
   20.960.316.953 dan Rp 23.477.642.338.                        Rp 20.960.316.953 and Rp 23,477,642,338.

   Fasilitas kredit dari PT Bank QNB Indonesia Tbk dijamin      Credit facility from PT Bank QNB Indonesia Tbk were
   dengan:                                                      secured by:

   -   Margin deposit sebesar 10% dari nilai pembukaan L/C      - Margin deposit amounted to 10% from the issuance
       dalam mata uang yang sama, dana di rekening                of L/C in the same currency, fund in the operating
       operasional akan diblokir.                                 account will be restricted.

   -   Fidusia atas piutang usaha Entitas sebesar 100% dari     - Fiducia transfer ownership over accounts receivable
       total limit.                                               for the secured amount of 100% from the total limit.

   PT Bank MNC Internasional Tbk                                PT Bank MNC Internasional Tbk
   Berdasarkan Surat Persetujuan Kredit No. 213/WB-             Based on Credit Approval Letter No. 213/WB-
   MNC/X/2022 tanggal 8 September 2022, Entitas                 MNC/X/2022 dated September 8, 2022, the Entity
   memperoleh fasilitas kredit pinjaman tetap dari PT Bank      obtained credit facilities fixed loan from PT Bank MNC
   MNC International Tbk dengan limit sebesar Rp                Internasional Tbk, with a limit of Rp 250,000,000,000.
   250.000.000.000. Tingkat bunga pinjaman 10,25% per           Interest rate of this loan 10.25% per annum and will be
   tahun dan jatuh tempo pada 18 Desember 2023.                 due on December 18, 2023.

   Saldo pinjaman tetap ini pada tanggal 30 Juni 2023 dan       Fixed loan balance as of June 30, 2023 and December
   31 Desember 2022, masing-masing sebesar Rp                   31, 2022 amounted to Rp 235,000,000,000 and Rp
   235.000.000.000 dan Rp 235.000.000.000.                      235,000,000,000.

   Seluruh fasilitas kredit dari PT Bank MNC Internasional      All credit facility from PT Bank MNC Internasional Tbk
   Tbk dijamin dengan:                                          were secured by:

   -   Tanah dan bangunan SHGB No. 108 di Kawasan               - Land and buildings SHGB No. 108 at Maspion Unit V
       Industri Maspion Unit V, Desa Manyar Sidomukti,            Industrial Area, Desa Manyar Sidomukti, Manyar,
       Manyar, Gresik, Jawa Timur, atas nama PT Maspion           Gresik, East Java, on behalf of PT Maspion
       Industrial Estate dengan nilai penjaminan sebesar Rp       Industrial Estate with mortgage amounted to Rp
       250.000.000.000.                                           250,000,000,000.

   Seluruh fasilitas kredit dari PT Bank MNC Internasional      All credit facility from PT Bank MNC Internasional Tbk
   Tbk dijamin dengan: (lanjutan)                               were secured by: (continued)
   -   Tanah dan bangunan SHGB No. 2 di Jalan Sruni             - Land and buildings SHGB No. 2 at Jalan Sruni
       No.46-50, Gedangan, Sidoarjo, Jawa Timur, terdaftar        No.46-50, Gedangan, Sidoarjo, Jawa Timur, on
       atas nama PT Trisulapack Indah dengan nilai                behalf of PT Trisulapack Indah with mortgage
       penjaminan sebesar Rp 87.500.000.000.                      amounted to Rp 87,500,000,000.




                                                       64
Page 68
PT INDAL ALUMINIUM INDUSTRY Tbk                                                  PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                       STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                        As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                   And for the six-month periods ended
30 Juni 2023 dan 2022                                                                            June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                            (Expressed in Rupiah)

19. PINJAMAN BANK JANGKA PENDEK (lanjutan)                      19. SHORT-TERM BANK BORROWINGS (continued)
   PT Bank MNC Internasional Tbk (lanjutan)                       PT Bank MNC Internasional Tbk (continued)

   -   Tanah dan bangunan SHGB No. 21 di Jalan Sruni              - Land and buildings SHGB No. 21 at Jalan Sruni
       No.46-50, Gedangan, Sidoarjo, Jawa Timur, terdaftar          No.46-50, Gedangan, Sidoarjo, Jawa Timur, on
       atas nama PT Trisulapack Indah dengan nilai                  behalf of PT Trisulapack Indah with mortgage
       penjaminan sebesar Rp 37.500.000.000.                        amounted to Rp 37,500,000,000.

   -   Corporate Guarantee atas nama PT Alim Investindo.          - Corporate Guarantee on behalf of PT Alim Investindo.
   -   Fidusia atas persediaan barang Entitas dengan nilai        - Fiducia transfer ownership over inventory with
       penjaminan sebesar Rp 200.000.000.000.                       mortgage amounted to Rp 200,000,000,000.

   PT Bank JTrust Indonesia Tbk                                   PT Bank JTrust Indonesia Tbk
   Berdasarkan Perjanjian Kredit No.010/PK/CWL/ COMM-             Based on Deed of Loan Agreement No. 010/PK/CWL/
   SBY/V/2023 tanggal 7 Juni 2023 PT Indal Reiwa Auto,            COMM-SBY/V/2023 tanggal 7 June 2023 PT Indal
   dimiliki oleh PT Indal Investindo (Entitas Anak)               Reiwa Auto, owned by PT Indal Investindo
   memperoleh fasilitas kredit dari PT Bank JTrust                (Subsidiadry) obtained credit facility from PT Bank
   Indonesia Tbk sebagai berikut:                                 JTrust Indonesia Tbk such as:

   -   Fasilitas pinjaman rekening koran dengan limit             - Overdraft loan facility with the limit of USD
       sebesar USD 2.000.000. Fasilitas ini dikenakan bunga         2,000,000. Interest rate for this facility were at 4.25%
       4,25% per tahun.                                             per annum.

   -   Fasilitas kredit atas permintaan (KAP) dan Letter of       - Demand loan facility and Letter of Credit (L/C) Import
       Credit (L/C) Impor / SKBDN / Trust Receipt dengan            / SKBDN / Trust Receipt with the limit of USD
       limit sebesar USD 5.000.000. Fasilitas ini dikenakan         5,000,000. Interest rate for this facility were at 5.50%
       bunga 5,50% per tahun.                                       per annum.

   Saldo pinjaman rekening koran dari PT Bank JTrust              Outstanding balance of overdraft loan from PT Bank
   Indonesia Tbk pada tanggal 30 Juni 2023 dan 31                 JTrust Indonesia Tbk as of June 30, 2023 and
   Desember 2022 sebesar Rp 72.144.311.411 dan Rp                 December 31, 2022 amounted to Rp 72.144.311.411
   7.404.156.963.                                                 and Rp 7,404,156,963.

   Saldo utang L/C pada tanggal 31 Desember 2022                  L/C loan balance as of December 31, 2022 amounted
   sebesar USD 4.483.981 atau ekuivalen dengan Rp                 to USD 4,483,981 or equivalent to Rp 70,537,503,066.
   70.537.503.066.

   Seluruh fasilitas kredit dari PT Bank JTrust Indonesia Tbk     All credit facility from PT Bank JTrust Indonesia Tbk
   dijamin dengan:                                                were secured by:
   -   Tanah dan bangunan pabrik SHGB No. 765, 10, 763,           - Land and buildings SHGB No. 765, 10, 763, 764, 9,
       764, 9, 1471, 1472 dan 26 di Desa Manyar Sidomukti,          1471, 1472 and 26 at Desa Manyar Sidomukti, Kec
       Kec Manyar, Kab Gresik, Jawa Timur, terdaftar atas           Manyar, Kab Gresik, Jawa Timur, on behalf of PT
       nama PT Indal Reiwa Auto dengan nilai penjaminan             Indal Reiwa Auto with mortgage amounted to Rp
       sebesar Rp 101.050.000.000.                                  101,050,000,000.

   Seluruh fasilitas kredit dari PT Bank JTrust Indonesia Tbk     All credit facility from PT Bank JTrust Indonesia Tbk
   dijamin dengan: (lanjutan)                                     were secured by: (continued)
   -   Jaminan di atas turut saling menjamin antara salah         - The above collateral is mutually guaranteed between
       satu fasilitas kredit dengan fasilitas kredit lainnya        one of the credit facilities and other credit facilities
       (cross collateral) yang diperoleh PT Indal Reiwa Auto,       (cross collateral) obtained by PT Indal Reiwa Auto,
       dimiliki oleh PT Indal Investindo (Entitas Anak)             owned by PT Indal Investindo (Subsidiary) based on
       berdasarkan         perjanjian     kredit     dan/atau       the credit agreement and/or its extension from PT
       perpanjangannya dari PT Bank JTrust Indonesia Tbk.           Bank JTrust Indonesia Tbk.




                                                         65
Page 69
PT INDAL ALUMINIUM INDUSTRY Tbk                                                 PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                      STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                       As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                  And for the six-month periods ended
30 Juni 2023 dan 2022                                                                           June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                            (Expressed in Rupiah)

20. UTANG USAHA, PIHAK KETIGA                                  20. ACCOUNTS PAYABLE, THIRD PARTIES

   Saldo utang usaha pihak ketiga terdiri dari:                  Accounts payable due to third parties balance consist of:
                                                                       31 Des 2022 /
                                              30 Juni 2023 /            Dec 31, 2022
                                              June 30, 2023                (Audited)
   Pihak ketiga:                                                                                              Third parties:
   Lokal                                    113.230.245.052           73.712.707.217                                  Local
   Impor                                     59.311.136.602           55.531.663.627                                 Import
   Jumlah, neto                             172.541.381.654         129.244.370.844                              Total, net

   Analisa umur utang usaha adalah sebagai berikut :             Aging analysis of accounts payable were as follows:
                                                                       31 Des 2022 /
                                              30 Juni 2023 /            Dec 31, 2022
                                              June 30, 2023                (Audited)

   Belum jatuh tempo                         94.863.841.650           71.257.933.810                           Not yet due
   Telah jatuh tempo                                                                                              Past due
      1-30 hari                              32.330.438.197           16.688.679.966                           1-30 days
      31-60 hari                             12.868.679.446            7.092.994.731                          31-60 days
      > 60 hari                              32.478.422.361           34.204.762.337                           > 60 days
   Jumlah                                   172.541.381.654         129.244.370.844                                   Total

   Utang usaha di atas termasuk utang usaha dalam mata           The above accounts payable include payables
   uang asing, dengan rincian sebagai berikut:                   denominated in foreign currencies, with details as
                                                                 follows:

                                                                       31 Des 2022 /
                                              30 Juni 2023 /            Dec 31, 2022
                                              June 30, 2023                (Audited)
   Rupiah                                   114.422.234.246         112.134.492.405                                 Rupiah
   Dolar Amerika Serikat                     57.858.617.531          12.634.716.508                  United States Dollar
   Ren Mingbi                                   240.881.257           1.902.369.274                            Ren Mingbi
   Euro                                          19.648.620           1.532.953.422                                   Euro
   Yen Jepang                                    -                      932.187.598                         Japanese Yen
   Ringgit Malaysia                              -                       60.920.803                     Malaysian Ringgit
   Dolar Hongkong                                -                       16.834.832                       Hongkong Dollar
   Baht Thailand                                 -                       11.683.033                          Thailand Baht
   Dolar Singapura                               -                        6.659.098                       Singapore Dollar
   Great Britain Poundsterling                   -                        5.890.711            Great Britain Poundsterling
   Dolar Taiwan                                  -                        5.663.160                          Taiwan Dollar
   Jumlah                                   172.541.381.654         129.244.370.844                                  Total


   Tidak ada jaminan yang diberikan Entitas atas utang           No collateral for accounts payable from Entity to third
   usaha kepada pihak ketiga.                                    parties.




                                                         66
Page 70
PT INDAL ALUMINIUM INDUSTRY Tbk                                                 PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                      STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                       As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                  And for the six-month periods ended
30 Juni 2023 dan 2022                                                                           June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                          (Expressed in Rupiah)

21. UTANG USAHA, PIHAK-PIHAK BERELASI                          21. ACCOUNTS PAYABLE, RELATED PARTIES

   Utang usaha pada pihak-pihak berelasi terdiri dari:           Accounts payable due to related parties consist of:

                                                                       31 Des 2022 /
                                              30 Juni 2023 /            Dec 31, 2022
                                              June 30, 2023                (Audited)
   Pihak-pihak berelasi                                                                                 Related parties
   PT Maspion                                 3.325.750.836            7.205.780.486                        PT Maspion
   PT Alumindo Light Metal                                                                      PT Alumindo Light Metal
      Industry Tbk                            1.308.053.845            3.204.572.020                     Industry Tbk
   Lain-lain (masing-masing                                                                               Others (below
      dibawah Rp 1 miliar)                      449.754.618             476.138.309                  Rp 1 billion each)
   Jumlah                                     5.083.559.299          10.886.490.815                                Total

   Analisa umur utang usaha pihak-pihak berelasi adalah          Aging analysis of accounts payable due to related
   sebagai berikut:                                              parties were as follows:

                                                                       31 Des 2022 /
                                              30 Juni 2023 /            Dec 31, 2022
                                              June 30, 2023                (Audited)
   Belum jatuh tempo                          4.750.828.446            6.707.378.848                         Not yet due
   Telah jatuh tempo                                                                                            Past due
      1-30 hari                                 332.730.853            1.672.272.687                         1-30 days
      31-60 hari                                 -                     1.636.170.278                        31-60 days
      > 60 hari                                  -                       870.669.002                         > 60 days
   Jumlah                                     5.083.559.299          10.886.490.815                                Total

   Utang usaha pada pihak-pihak berelasi di atas termasuk        Accounts payable due to related parties above include
   utang usaha dalam mata uang asing, dengan rincian             payables denominated in foreign currencies, with
   sebagai berikut :                                             details as follows :

                                                                       31 Des 2022 /
                                              30 Juni 2023 /            Dec 31, 2022
                                              June 30, 2023                (Audited)
   Rupiah                                     5.083.559.299          10.808.158.609                              Rupiah
   Dolar Amerika Serikat                         -                       78.332.206                  United States Dollar
   Jumlah                                     5.083.559.299          10.886.490.815                                Total




                                                         67
Page 71
PT INDAL ALUMINIUM INDUSTRY Tbk                                                 PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                      STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                       As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                  And for the six-month periods ended
30 Juni 2023 dan 2022                                                                           June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                             (Expressed in Rupiah)

22. BEBAN YANG MASIH HARUS DIBAYAR                              22. ACCRUED EXPENSES
   Saldo beban yang masih harus dibayar terdiri dari:             Accrued expenses consists of:
                                                                       31 Des 2022 /
                                               30 Juni 2023 /           Dec 31, 2022
                                               June 30, 2023               (Audited)
   Proyek                                     22.126.272.884           7.215.029.932                                Project
   Retensi                                    19.367.253.033          13.831.667.693                             Retention
   Jaminan dies                               15.431.413.946          17.131.776.073                       Dies guarantee
   Beban pegawai                               9.156.282.629           3.649.945.269                   Personnel expenses
   Feeproyek                                   5.529.205.008          27.102.229.170                           Project Fee
   Cadangan PPh final 4(2)                     5.301.550.572           6.489.336.440            Estimated of final tax 4(2)
   Bunga utang bank                            2.259.515.480           1.754.128.471                     Bank loan interest
   Listrik, air dan telepon                    1.923.674.211           2.227.592.659      Electricity, water and telephone
   Premi penjualan                             1.485.284.483           1.377.424.040                        Sales premium
   Bahan bakar gas                             1.325.990.931           1.488.476.029                               Gas fuel
   Royalti                                       447.417.933             236.233.685                                Royalty
   Beban tenaga ahli                               -                     187.033.878                      Expert expenses
   Lain-lain                                   5.332.149.509           4.384.425.191                                 Others
   Jumlah                                     89.686.010.619          87.075.298.530                                   Total

23. UANG MUKA PELANGGAN                                         23. ADVANCE FROM CUSTOMERS
   Saldo uang muka pelanggan terdiri dari:                        Advance from customers consists of:
                                                                        31 Des 2022 /
                                               30 Juni 2023 /            Dec 31, 2022
                                               June 30, 2023                (Audited)
   Uang muka proyek                          117.252.527.451         123.587.697.350                       Project advance
   Uang muka penjualan                         1.990.168.486           3.747.547.083                        Sales advance
   Jumlah                                    119.242.695.937         127.335.244.433                                   Total

   Uang muka proyek merupakan uang muka yang diterima             Project advances were advances received by PT
   oleh PT Indalex (Entitas Anak) sehubungan dengan               Indalex (Subsidiary) regarding project in progress,
   pekerjaan proyek, dalam mata uang Rupiah.                      denominated in Rupiah.

24. UTANG LAIN-LAIN                                             24. OTHER PAYABLES
   Saldo utang lain-lain terdiri dari:                            Other payables consist of:
                                                                        31 Des 2022 /
                                               30 Juni 2023 /            Dec 31, 2022
                                               June 30, 2023                (Audited)
   Pihak ketiga                                                                                               Third parties
      Utang lain-lain                            227.812.491               21.953.796                     Other payables
   Sub jumlah pihak ketiga                       227.812.491               21.953.796                 Sub total third parties
   Pihak berelasi                                                                                            Related party
      Chin Fung Trading, Co. Ltd                  -                      170.951.017           Chin Fung Trading, Co. Ltd
   Sub jumlah pihak berelasi                      -                      170.951.017                 Sub total related party
   Jumlah                                        227.812.491             192.904.813                                   Total




                                                          68
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                              AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                     STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                      As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                 And for the six-month periods ended
30 Juni 2023 dan 2022                                                                          June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                         (Expressed in Rupiah)

   Utang lain-lain di atas termasuk utang lain-lain dalam        The above other payables denominated in foreign
   mata uang asing, dengan perincian sebagai berikut:            currencies with details as follows:
                                                                       31 Des 2022 /
                                           30 Juni 2023 /               Dec 31, 2022
                                           June 30, 2023                   (Audited)
   Pihak ketiga                                                                                            Third parties
      Rupiah                                 227.812.491                 21.953.796                            Rupiah
   Sub jumlah pihak ketiga                   227.812.491                 21.953.796               Sub total third parties
   Pihak berelasi                                                                                        Related party
      Dolar Amerika Serikat                    -                        170.951.017              United States Dollar
   Sub jumlah pihak berelasi                               -            170.951.017              Sub total related party
   Jumlah                                    227.812.491                192.904.813                                Total

   Utang kepada pihak berelasi lainnya merupakan                 The payables to other related party represent funding
   pinjaman dana yang digunakan untuk keperluan                  loan used for operational needs. The interest rates in
   operasional. Pada tahun 2022 dan 2021 pinjaman ini            2022 and 2021 were 9.65% - 10.75% and 9.25% -
   dikenakan bunga masing-masing sebesar 9,65% -                 12.00% per annum for balance in Rupiah, 4.76% -
   10,75% dan 9,25% - 12,00% per tahun untuk saldo               5.5% and 5.25% per annum for balance in USD. This
   dalam Rupiah, 4,76% - 5,5% dan 5,25% per tahun untuk          loan have no collateral and have no definite terms of
   saldo USD. Pinjaman dilakukan tanpa jaminan dan tidak         repayment.
   ditentukan jadwal pembayarannya.


25. PERPAJAKAN                                                 25. TAXATION

    a. Pajak dibayar dimuka                                      a. Prepaid taxes
                                                                       31 Des 2022 /
                                           30 Juni 2023 /               Dec 31, 2022
                                           June 30, 2023                   (Audited)
      Pajak Pertambahan Nilai             17.159.861.818             22.892.715.559                 Value Added Tax
      PPh 4 (2)                            3.340.619.980              3.133.055.979                      Article 4 (2)
   Jumlah                                 20.500.481.798             26.025.771.538                                Total

    b. Piutang pajak                                             b. Taxes receivable
                                                                       31 Des 2022 /
                                           30 Juni 2023 /               Dec 31, 2022
                                           June 30, 2023                   (Audited)
      Bagian lancar                                                                                   Current portion
      Lebih bayar                                                                                    Overpayment of
       pajak penghasilan badan            39.647.590.663             29.743.143.580            corporate income tax
      Pajak Pertambahan Nilai                          -              1.163.310.370                 Value Added Tax
   Jumlah                                 39.647.590.663             30.906.453.950                                Total




                                                      69
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                 PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                      STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                       As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                  And for the six-month periods ended
30 Juni 2023 dan 2022                                                                           June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                            (Expressed in Rupiah)

25. PERPAJAKAN (lanjutan)                                      25. TAXATION (continued)

    c. Utang pajak                                                c. Taxes payable
                                                                       31 Des 2022 /
                                             30 Juni 2023 /             Dec 31, 2022
                                             June 30, 2023                 (Audited)
      Pajak Pertambahan Nilai                3.189.071.152             1.083.104.834                    Value Added Tax
      Pajak penghasilan                                                                                     Income taxes
       Pasal 23                              2.377.644.459             3.020.108.712                          Article 23
       Pasal 21                                653.943.604               880.895.555                          Article 21
       Pasal 25/29                              -                         85.677.639                       Article 25/29
       Pasal 4 ayat 2                           -                         83.777.965                        Article 4 (2)
   Jumlah                                    6.220.659.215             5.153.564.705                                   Total

    d. Pajak penghasilan badan                                    d. Corporate income tax
                                                                       31 Des 2022 /
                                             30 Juni 2023 /             Dec 31, 2022
                                             June 30, 2023                 (Audited)
   Beban pajak penghasilan
     tahun berjalan:                                                                         Current income tax expense:
        Entitas                                  -                    (8.084.013.300)                          The Entity
        Entitas Anak                         (6.248.817.972)         (10.119.489.836)                        Subsidiaries
      Sub jumlah                             (6.248.817.972)         (18.203.503.136)                            Sub total
      Manfaat (beban) pajak tangguhan:                                                     Deferred tax benefit (expense):
       Entitas                                  (98.310.506)           1.204.805.217                          The Entity
       Entitas Anak                              -                     1.117.529.943                       Subsidiaries
      Sub jumlah                                (98.310.506)           2.322.335.160                             Sub total
   Jumlah                                    (6.347.128.478)         (15.881.167.976)                                  Total

    d. Pajak penghasilan badan (lanjutan)                         d. Corporate income tax (continued)
   Pajak kini                                                     Current tax
                                                                       31 Des 2022 /
                                             30 Juni 2023 /             Dec 31, 2022
                                             June 30, 2023                 (Audited)
   Laba (rugi) konsolidasian sebelum                                                      Consolidated profit (loss) before
      pajak penghasilan badan               (28.311.245.419)         (98.071.759.028)             corporate income tax
   Dikurangi:                                                                                                        Less:
      Laba Entitas Anak sebelum                                                                Subsidiaries profit before
        pajak penghasilan badan             22.831.705.995           123.056.306.332             corporate income tax
   Disesuaikan:                                                                                                  Adjusted:
      Bagian rugi bersih                                                                             Net loss portion of
        investasi Entitas Anak                                                              investment in Subsidiaries
      Eliminasi                             (27.924.805.755)        (132.059.804.462)                        Elimination
   Laba (rugi) Entitas sebelum pajak                                                            Entity's profit (loss) before
    penghasilan badan (dipindahkan)         (33.404.345.179)        (107.075.257.158)     corporate income tax (total c/f)




                                                        70
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                 PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                      STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                       As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                  And for the six-month periods ended
30 Juni 2023 dan 2022                                                                           June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                           (Expressed in Rupiah)

25. PERPAJAKAN (lanjutan)                                    25. TAXATION (continued)

    d. Pajak penghasilan badan                                  d. Corporate income tax
   Laba (rugi) Entitas sebelum pajak
    penghasilan badan (dipindahkan)       (33.404.345.179)           (107.075.257.158)   corporate income tax (total c/f)

   Perbedaan temporer                                                                              Temporary differences
   Cadangan kerugian penurunan nilai                                                      Provision for declining in value
      piutang usaha                            -                        3.187.268.919            of accounts receivable
   Perbedaan penyusutan komersial                                                        Difference between commercial
      dan fiskal                             (446.865.936)              1.308.910.425            and fiscal depreciation
   Cadangan kerugian penurunan nilai                                                      Provision for declining in value
      persediaan                              -                          882.802.357                         of inventory
   Imbalan kerja karyawan                     -                           97.405.642                   Employee benefits
   Sub jumlah                                (446.865.936)              5.476.387.343                            Sub total
   Perbedaan tetap                                                                               Permanent differences
   Bagian rugi bersih                                                                                 Net loss portion of
      Entitas Anak                        29.100.523.968             132.930.422.893                       Subsidiaries
   Beban pajak                                        -                2.131.377.578                       Tax expenses
   Representasi dan sumbangan                236.411.216               1.257.833.439        Representation and donation
   Cadangan biaya dies                                -                  931.848.528         Provision of dies expenses
                                                                                                              Provision of
   Cadangan biaya komisi                                                 922.781.616            commission expenses
   Kenikmatan karyawan                       369.195.005                 254.594.461                  Employee welfare
   Pendapatan yang telah dipotong                                                             Income already subjected
     pajak penghasilan final                 (131.393.182)                (84.473.122)              to final income tax
   Laba ( Rugi ) fiskal                    (4.276.474.108)            36.745.515.578                 Fiscal gain (total c/f)
   Perhitungan pajak penghasilan badan:                                              Calculation of corporate income tax:
      22%x Rp NIHIL                            -                            -               22%x Rp 36,745,515,000
      22%x Rp 36.745.515.000                   -                        8.084.013.300       22%x Rp 56,919,584,000
   Jumlah pajak penghasilan badan              -                        8.084.013.300         Total corporate income tax
   Pajak dibayar dimuka:                                                                                  Prepaid taxes:
      Pajak penghasilan pasal 22            5.027.449.000             12.700.260.000              Income tax article 22
      Pajak penghasilan pasal 23            3.572.465.267              6.191.148.526              Income tax article 23
      Pajak penghasilan pasal 25               -                             376.209              Income tax article 25
   Lebih bayar                                                   -                                      Overpayment of
      pajak penghasilan badan              (8.599.914.267)            (10.807.771.435)            corporate income tax




                                                      71
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                              AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                     STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                      As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                 And for the six-month periods ended
30 Juni 2023 dan 2022                                                                          June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                            (Expressed in Rupiah)

25. PERPAJAKAN (lanjutan)                                     25. TAXATION (continued)

    d. Pajak penghasilan badan (lanjutan)                        d. Corporate income tax (continued)
   Entitas akan menyampaikan Surat Pemberitahuan Pajak           The Entity will report its 2022 annual tax return (SPT)
   Tahunan (SPT) tahun 2022 sesuai dengan perhitungan            based on the corporate income tax as stated above.
   pajak penghasilan badan yang dinyatakan di atas.


   Pajak tangguhan                                               Deferred tax
                                                                       31 Des 2022 /
                                            30 Juni 2023 /              Dec 31, 2022
                                            June 30, 2023                  (Audited)
   Aset pajak tangguhan - Entitas:                                                       Deferred tax assets - the Entity:
      Imbalan kerja karyawan                 7.883.172.496            9.882.876.901                  Employee benefits
      Cadangan kerugian penurunan                                                        Provision for declining in value
        nilai piutang                        3.388.313.231            3.388.313.231              of accounts receivable
      Cadangan kerugian penurunan                                                        Provision for declining in value
        nilai persediaan                       499.463.623              499.463.623                      of inventories
   Jumlah aset pajak tangguhan              11.770.949.350           13.770.653.755             Total deferred tax assets
   Liabilitas pajak tangguhan - Entitas:                                                Deferred tax liabilities - the Entity:
      Aset tetap                               (98.310.506)           (1.999.704.405)                         Fixed assets
   Jumlah liabilitas pajak tangguhan           (98.310.506)           (1.999.704.405)         Total deferred tax liabilities
   Jumlah aset pajak tangguhan                                                                     Net deferred tax assets
      Entitas, neto                         11.672.638.845           11.770.949.350                            Entity, net
   Aset pajak tangguhan                                                                             Deferred tax assets of
      Entitas Anak                                                                                            Subsidiary
         PT Indal Investindo                  996.660.182               998.070.182                PT Indal Investindo
   Liabilitas pajak tangguhan                                                                       Deferred tax liabilities
   Jumlah aset pajak tangguhan                                                                         Total consolidated
      konsolidasian, neto                   12.669.299.027           12.769.019.532               deferred tax asset, net

   Rekonsiliasi antara beban pajak dan hasil perkalian laba      A reconciliation between the total tax expense and the
   sebelum pajak dengan tarif pajak penghasilan badan            amounts computed by applying the effective tax rates to
   yang berlaku adalah sebagai berikut:                          income before tax were as follows:

                                                                       31 Des 2022 /
                                            30 Juni 2023 /              Dec 31, 2022
                                            June 30, 2023                  (Audited)

   Laba (rugi) sebelum pajak penghasilan -                                                Income before profit (loss) tax -
      Entitas                              (33.404.345.179)        (107.075.257.158)                          the Entity
   Manfaat pajak dengan tarif                                                                           Taxes benefit at
     yang berlaku                                                                                   affective tax rates
     22%x Rp (33.404.345.179)                7.348.955.939                                 22%x Rp (107,075,257,158)
     22%x Rp (107.075.257.158)                                       23.556.556.575        22%x Rp    15,666,085,147
   Sub jumlah manfaat (beban) pajak                                                       Sub total tax benefit (expenses)
     dipindahka                              7.348.955.939           23.556.556.575                              (total c/f)




                                                       72
Page 76
PT INDAL ALUMINIUM INDUSTRY Tbk                                                  PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                       STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                        As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                   And for the six-month periods ended
30 Juni 2023 dan 2022                                                                            June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                            (Expressed in Rupiah)

25. PERPAJAKAN (lanjutan)                                      25. TAXATION (continued)
    d. Pajak penghasilan badan (lanjutan)                         d. Corporate income tax (continued)

                                                                        31 Des 2022 /
                                             30 Juni 2023 /              Dec 31, 2022
                                             June 30, 2023                  (Audited)
   Sub jumlah manfaat (beban) pajak                                                       Sub total tax benefit (expenses)
     dipindahka                              7.348.955.939            23.556.556.575                             (total c/f)
   Pengaruh pajak atas penghasilan                                                            Tax effect of nondeductible
     yang tidak dapat diperhitungkan                                                                            expenses
     menurut fiskal:                           446.865.936                                         (nontaxable income):
     Bagian rugi bersih                                                                               Net loss portion of
       Entitas Anak                         (29.100.523.968)         (29.244.693.036)                         Subsidiary
     Beban pajak                                 -                      (468.903.067)                        Tax expense
     Representasi dan sumbangan                (236.411.216)            (276.723.359)      Representation and donation
     Cadangan biaya dies                         -                      (205.006.676)        Provision of dies expenses
                                                                                                              Provision of
     Cadangan biaya komisi                      -                        (203.011.826)          commission expenses
     Kenikmatan karyawan                      (369.195.005)               (56.010.781)                 Employee welfare
     Pendapatan yang telah dipotong                                                                 Income subjected to
       pajak penghasilan final                  131.393.182                18.584.087                  final income tax
   Jumlah beban pajak Entitas               (21.778.915.132)           (6.879.208.083)      Total Corporate tax expenses
     Dampak perubahan rugi fiskal            21.680.604.626                 -              Impact of fiscal loss changes
   Beban pajak Entitas                          (98.310.506)           (6.879.208.083)            Corporate tax expenses
   Beban pajak Entitas Anak                  (6.248.817.972)          (9.001.959.893)           Subsidiaries tax expenses
   Beban pajak konsolidasian                 (6.347.128.478)         (15.881.167.976)          Consolidated tax expenses
   Atas penghasilan dari jasa konstruksi dikenakan pajak          Income from construction service were subject to final
   penghasilan bersifat final berdasarkan Peraturan               income tax based on Republic of Indonesia
   Pemerintah Republik Indonesia No. 9 tanggal 21 Februari        Government Regulation No. 9 dated February 21,
   2022. Pajak final sebesar 2,65% dikenakan pada kontrak-        2022. Final tax at 2,65% is applied for contracts signed
   kontrak yang ditandatangani sejak tanggal 21 Februari          starting February 21, 2022 and for contract or partial of
   2022 dan untuk pembayaran kontrak terhitung sejak PP           contract starting from this PP applies.
   ini berlaku.

   Pada tahun 2022, Entitas mendapat Surat Ketetapan              In 2022, the Entity received Overpayment Tax
   Pajak Lebih Bayar (SKPLB) Pajak Pertambahan Nilai No.          Assessment (SKPLB) on Value Added Tax No.
   00011/407/21/054/22 tanggal 25 Juli 2022 atas                  00011/407/21/054/22 dated July 25, 2022 for the audit
   pemeriksaan tahun pajak 2021. Berdasarkan surat                year 2021. Based on these SKPLB, the Entity
   tersebut, Entitas dinyatakan lebih bayar Pajak                 confirming an overpayment of Value Added Tax
   Pertambahan Nilai sebesar Rp 48.782.638.187.                   amounted to Rp 48,782,638,187.

   Nilai lebih bayar tersebut dikompensasikan dengan utang        The overpayment were compensated with tax payable
   pajak melalui potongan SPMKP sebesar Rp                        through SPMKP deduction amounted to Rp
   1.120.958.359, maka kelebihan pajak yang diterima              1,120,958,359, the overpayment tax received by the
   Entitas pada tanggal 29 Agustus 2022 sebesar Rp                Entity on August 29, 2022 amounted to Rp
   47.661.679.828.                                                47,661,679,828.

   Pada tahun 2022, Entitas mendapat Surat Ketetapan              In 2022, the Entity received Overpayment Tax
   Pajak Lebih Bayar (SKPLB) Pajak Pertambahan Nilai No.          Assessment (SKPLB) on Value Added Tax No.
   00001/407/22/054/22 tanggal 11 November 2022 atas              00001/407/22/054/22 dated November 11, 2022 for the
   pemeriksaan masa pajak Maret 2022. Berdasarkan surat           audit March 2022. Based on these SKPLB, the Entity
   tersebut, Entitas dinyatakan lebih bayar Pajak                 confirming an overpayment of Value Added Tax
   Pertambahan Nilai sebesar Rp 42.061.153.705 yang               amounted to Rp 42,061,153,705 which received by the
   diterima Entitas pada tanggal 9 Desember 2022.                 Entity on December 9, 2022.



                                                        73
Page 77
PT INDAL ALUMINIUM INDUSTRY Tbk                                                   PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                        STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                         As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                    And for the six-month periods ended
30 Juni 2023 dan 2022                                                                             June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                             (Expressed in Rupiah)

25. PERPAJAKAN (lanjutan)                                        25. TAXATION (continued)

       d. Pajak penghasilan badan (lanjutan)                        d. Corporate income tax (continued)

   Pada tahun 2022, Entitas juga menerima pengembalian              In 2022, the Entity also received preliminary refund for
   pendahuluan atas restitusi lebih bayar Pajak                     overpayment of Value Added Tax with details as
   Pertambahan Nilai dengan rincian sebagai berikut :               follows:

   -     Pajak Pertambahan Nilai masa Mei 2022 sebesar Rp           - Value Added Tax for the period of May 2022
         3.706.104.041.                                               amounted to Rp 3,706,104,041.
   -     Pajak Pertambahan Nilai masa Juni 2022 sebesar Rp          - Value Added Tax for the period of June 2022
         1.807.491.315.                                               amounted to Rp 1,807,491,315.
   -     Pajak Pertambahan Nilai masa Juli 2022 sebesar Rp          - Value Added Tax for the period of July 2022
         3.110.738.061.                                               amounted to Rp 3,110,738,061.
   -     Pajak Pertambahan Nilai masa Agustus 2022 sebesar          - Value Added Tax for the period of August 2022
         Rp 3.535.106.706.                                            amounted to Rp 3,535,106,706.

   Sampai tanggal 30 Juni 2023, belum ada Surat                     Until June 30, 2023, there is no Overpayment Tax
   Ketetapan Pajak Lebih Bayar yang diterbitkan atas                Assessment Letter issued for the refund.
   restitusi tersebut.

26. MODAL SAHAM                                                  26. CAPITAL STOCK

   Berikut susunan pemegang saham Entitas pada tanggal              The following were the Entity's shareholders as of Juni
   30 Juni 2023 dan 31 Desember 2022 dikeluarkan oleh               30, 2023 and December 31, 2022 which issued by the
   Biro Administrasi Efek, PT Adimitra Jasa Korpora:                Securities Administration Bureau, PT Adimitra Jasa
                                                                    Korpora:


                                                 30 Juni 2023 / June 30, 2023
                                                          Persentase
                                                         kepemilikan/
                                        Jumlah saham/ Percentage of      Jumlah modal disetor/
   Nama pemegang saham                Number of shares     ownership       Total paid-up capital     Name of shareholders
   PT Husin Investama                     208.990.400        32,98%            26.123.800.000          PT Husin Investama
   Haiyanto                                65.226.400        10,29%             8.153.300.000                     Haiyanto
   PT Marindo Investama                    49.680.000          7,84%            6.210.000.000        PT Marindo Investama
   PT Maspion                              48.299.600          7,62%            6.037.450.000                  PT Maspion
   PT Mulindo Investama                    39.744.000          6,27%            4.968.000.000        PT Mulindo Investama
   PT Prakindo Investama                   39.744.000          6,27%            4.968.000.000       PT Prakindo Investama
   PT Guna Investindo                      39.744.000          6,27%            4.968.000.000          PT Guna Investindo
   Masyarakat (masing-masing                                                                                        Public
      kurang dari 5%)                      142.171.600          22,46%         17.771.450.000             (below 5% each)
   Jumlah                                  633.600.000         100,00%         79.200.000.000                        Total




                                                          74
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                      PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                    AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                           STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                            As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                       And for the six-month periods ended
30 Juni 2023 dan 2022                                                                                June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                                 (Expressed in Rupiah)

26. MODAL SAHAM (lanjutan)                                        26. CAPITAL STOCK (Continued)

                                         31 Desember 2022 / December 31, 2022
                                                      Persentase
                                                     kepemilikan/
                                      Jumlah saham/ Percentage of  Jumlah modal disetor/
   Nama pemegang saham              Number of shares   ownership     Total paid-up capital               Name of shareholders

   PT Husin Investama                   208.990.400              32,98%           26.123.800.000          PT Husin Investama
   Haiyanto                              65.226.400              10,29%            8.153.300.000                     Haiyanto
   PT Marindo Investama                  49.680.000               7,84%            6.210.000.000        PT Marindo Investama
   PT Maspion                            48.299.600               7,62%            6.037.450.000                  PT Maspion
   PT Mulindo Investama                  39.744.000               6,27%            4.968.000.000        PT Mulindo Investama
   PT Prakindo Investama                 39.744.000               6,27%            4.968.000.000       PT Prakindo Investama
   PT Guna Investindo                    39.744.000               6,27%            4.968.000.000          PT Guna Investindo
   Masyarakat (masing-masing                                                                                           Public
      kurang dari 5%)                   142.171.600              22,46%           17.771.450.000             (below 5% each)
   Jumlah                               633.600.000             100,00%           79.200.000.000                        Total

27. TAMBAHAN MODAL DISETOR                                        27. ADDITIONAL PAID-IN CAPITAL
   Saldo tambahan modal disetor terdiri dari:                        Additional paid-in capital consist of:
                                                                            31 Des 2022 /
                                                30 Juni 2023 /               Dec 31, 2022
                                                June 30, 2023                   (Audited)
   Penjualan saham Entitas melalui                                                                       Sale of Entity's share
      penawaran umum saham kepada                                                                    through public offering
      masyarakat tahun 1994               52.140.000.000                   52.140.000.000                             in 1994
   Jumlah yang diterima untuk pengeluaran                                                  Total proceeds from the issuance
      13.200.000 saham                   (13.200.000.000)                 (13.200.000.000)             of 13,200,000 shares
   Jumlah yang dicatat sebagai                                                                            Amount recorded as
      modal disetor, neto                 38.940.000.000                   38.940.000.000                paid-up capital, net
   Pembagian saham bonus                                                                         Distribution of bonus shares
      tahun 1996                         (35.200.000.000)                 (35.200.000.000)                            in 1996
   Penerapan PSAK 38                                                                                     Adoption of PSAK 38
      (Revisi 2012)                       21.533.586.536                   21.533.586.536                    (Revised 2012)
   Saldo akhir tahun                      25.273.586.536                   25.273.586.536         Balance at end of the year

   Berdasarkan Akta Notaris Tirtayanti Karsodikromo, S.H.            Based on Notary Deed of Tirtayanti Karsodikromo,S.H.
   No.19 pada tanggal 28 Juni 2007, Notaris di Gresik,               No. 19 Dated June 28, 2007, Notary in Gresik, the
   Entitas telah melakukan Perjanjian Pengikatan Jual Beli           Entity has settled a Tightening Agreement of Sell and
   dengan PT Maspion Industrial Estate (Entitas                      Buy with PT Maspion Industrial Estate (Under Common
   Sepengendali) berupa:                                             Control) such as:

   -   Sebidang tanah Hak Guna Bangunan No. 17 yang                  - Land with Building Right Titles (HGB) No. 17 at Desa
       terletak di Desa Manyarsidomukti, seluas 18.505 m²;             Manyarsidomukti, with a total area of 18,505 m²;

   -   Sebidang tanah Hak Guna Bangunan No. 1177 yang                - Land with Building Rights Titles (HGB) No. 1177 at
       terletak di Desa Sukomulyo, seluas 21.401 m²;                   Desa Sukomulyo, with a total area of 21,401 m²;
   -   Sebidang tanah Hak Guna Bangunan No. 1178 yang                - Land with Building Rights Titles No.1178 at Desa
       terletak di Desa Sukomulyo, seluas 1.698 m².                    Sukomulyo with total area of 1,698 m².
   Jual beli di atas dilakukan dengan harga sebesar Rp               The sale and purchase above was carried out at a price
   19.558.140.000.                                                   of Rp 19,558,140,000.


                                                           75
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                          PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                        AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                               STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                                As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                           And for the six-month periods ended
30 Juni 2023 dan 2022                                                                                    June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                                    (Expressed in Rupiah)

27. TAMBAHAN MODAL DISETOR (lanjutan)                              27. ADDITIONAL PAID-IN CAPITAL (continued)

   Berdasarkan Akta Notaris Tirtayanti Karsodikromo, S.H.                 Based on Notary Deed of Tirtayanti Karsodikromo, S.H.
   No.19 tanggal 28 Juni 2007, Notaris di Gresik, Entitas                 No. 19 dated June 28, 2007, Notary in Gresik, the
   telah melakukan Perjanjian Pengikatan Jual Beli dengan                 Entity has settled a Tightening Agreement of Sell and
   PT Maspion Industrial Estate (Entitas Sepengendali)                    Buy with PT Maspion Industrial Estate (Entity Under
   berupa mesin-mesin milik Entitas. Detail diuraikan dalam               Common Control) in the form of all machines and tools
   Daftar Mesin-Mesin dan Perlengkapan Entitas - unit                     belong to the Entity. Detail as listed in Machineries and
   Gypsum Maspion Unit V yang berlokasi di Jl. Alpha                      Equipment list of the Entity - 5th unit of Maspion,
   Maspion L7, Desa Sukomulyo dan Manyar Sidomukti,                       Gypsum which installed on plant located on Jl. Alpha
   Manyar, Gresik, Jawa Timur. Harga jual beli sebesar Rp                 Maspion Blok L7, Desa Sukomulyo and Manyar
   10.441.860.000.                                                        Sidomukti, Manyar, Gresik, East Java. Agreement of
                                                                          Sell and Buy amounted to Rp 10,441,860,000.

   Selisih nilai transaksi pengalihan aset tetap divisi                   The difference on transferred of fixed asset Gypsum
   Gypsum adalah sebagai berikut:                                         division were as follows:

   Pengalihan tanah dan bangunan                                                                Land and buiding transferred
   No. Jenis aset/                                    Harga perolehan/              Akumulasi penyusutan/          Nilai buku/
       Type of fixed assets                              Cost aquisiton           Accumulated depreciation        Book value
    1 HGB 17, HGB 1177, HGB 1178                        3.080.443.690                      -                  3.080.443.690
    2 Bangunan/Building                                 4.932.514.671                      2.025.637.092      2.906.877.579
        Nilai buku/Book value                                                                                      5.987.321.269
        Harga pengalihan/Transferred value                                                                        19.558.140.000
        Sub jumlah/Sub total                                                                                      13.570.818.731

   Selisih nilai transaksi pengalihan aset tetap divisi                   The difference on transferred of fixed asset Gypsum
   Gypsum adalah sebagai berikut: (lanjutan)                              division were as follows: (continued)
   Pengalihan mesin-mesin                                                                                  Machines transferred
    No. Jenis aset/                                   Harga perolehan/              Akumulasi penyusutan/              Nilai buku/
        Type of fixed assets                            Cost aquisiton            Accumulated depreciation             Book value
     1 Mesin/Machine                                    11.792.212.421                        9.732.824.426        2.059.387.995
     2 Perlengkapan Elektrik/
          Electric equipment                                60.051.600                           44.729.606           15.321.994
     3 Instalasi air/Water installation                  1.659.195.451                        1.358.517.859          300.677.592
     4 Alat kerja/Working tools                            276.310.283                          255.996.671           20.313.612
     5 Kendaraan/Vehicles                                1.150.752.454                        1.080.462.179           70.290.275
     6 Inventaris/Equipment                                228.862.436                          211.574.008           17.288.428
        Nilai buku/Book value                                                                                      2.483.279.896
        Jaminan instalasi listrik/Guarantee of electricity installation                                                4.187.701
        Harga pengalihan/Transferred value                                                                        10.441.860.000
        Sub jumlah/Sub total                                                                                       7.962.767.805
        Jumlah/Total                                                                                              21.533.586.536
        Penerapan PSAK 38 (Revisi 2012)/Adoption of PSAK 38 (Revised 2012)                                       (21.533.586.536)
        Saldo 31 Desember 2013/Balance as of December 31, 2013                                                          -




                                                             76
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                  PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                       STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                        As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                   And for the six-month periods ended
30 Juni 2023 dan 2022                                                                            June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                               (Expressed in Rupiah)

28. KOMPONEN EKUITAS LAINNYA                                    28. OTHER EQUITY COMPONENTS

   Saldo komponen ekuitas lainnya terdiri dari:                   Other equity components consist of:
                                                                       31 Des 2022 /
                                             30 Juni 2023 /             Dec 31, 2022
                                             June 30, 2023                 (Audited)
   Surplus revaluasi                       157.174.927.670           157.174.927.670                      Revaluation surplus
   Selisih kurs                                                                                          Exchange difference
      karena penjabaran                                                                               on financial statement
      laporan keuangan                      33.611.529.386            44.877.676.757                             translations
   Jumlah                                  190.786.457.056           202.052.604.427                                      Total


29. DIVIDEN                                                     29. DIVIDENDS

   Berdasarkan Akta No. 68 mengenai Berita Acara Rapat            Based on Deed No. 68 of the Minutes of the Annual
   Umum Pemegang Saham Tahunan Entitas pada tanggal               General Meeting of Shareholders of the Entity on the
   18 Juli 2022, pemegang saham telah menyetujui laba             date of July 18, 2022, the shareholders approved the
   bersih Entitas tahun buku 2021 dicatat dalam saldo laba        Entity's net profit for the fiscal year 2021 to be recorded
   sebagai bagian dari struktur permodalan Perseroan.             in retained earnings as part of the Company's capital
                                                                  structure.


30. PENJUALAN                                                   30. SALES

   Rincian penjualan adalah sebagai berikut:                      Details of sales were as follows:
                                               30 Juni 2023 /           30 Juni 2022 /
                                               June 30, 2023            June 30, 2022
   Lokal                                                                                                             Local
      Jasa konstruksi                      185.906.791.393           233.476.165.322               Construction services
      Barang jadi aluminium                104.666.476.009            93.362.674.391            Aluminium finished goods
      Cat                                    1.282.587.800             2.560.094.630                                Paint
   Ekspor                                                                                                           Export
      Barang jadi aluminium                337.712.316.900           453.323.152.165            Aluminium finished goods
      Cat                                      892.378.080             1.086.665.553                                Paint
   Jumlah                                  630.460.550.182           783.808.752.061                                     Total

   4,84% dan 0,71% jumlah penjualan pada tanggal 30 Juni          4,84% and 0.71% at June 30, 2023 and 2022 of the
   2023 dan 2022 dilakukan dengan pihak yang berelasi             above total sales were made to related parties (Note
   (Catatan 41).                                                  41).

   Pada tanggal 30 Juni 2023 dan 2022, penjualan yang             At June 30, 2023 and 2022, sales transactions which
   nilainya melebihi 10% adalah Nihil                             value exceeds 10% is Nil,




                                                          77
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                 PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                      STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                       As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                  And for the six-month periods ended
30 Juni 2023 dan 2022                                                                           June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                         (Expressed in Rupiah)

31. BEBAN POKOK PENJUALAN                                    31. COST OF GOODS SOLD

   Rincian beban pokok penjualan adalah sebagai berikut:       Details of cost of goods sold were as follows:
                                           30 Juni 2023 /           30 Juni 2022 /
                                           June 30, 2023            June 30, 2022
   Bahan baku dan pembantu                                                                            Raw and indirect
     yang digunakan                      358.308.934.582          418.509.723.714                      materials used
   Upah langsung                          45.001.495.321           48.849.458.048                          Direct labor
   Beban pabrikasi                                                                             Manufacturing expenses
     (Catatan 32)                        182.697.970.915          245.724.181.039                          (Note 32)
   Jumlah beban produksi                 586.008.400.818          713.083.362.801              Total manufacturing cost
   Persediaan barang dalam proses                                                                      Work in process
      awal tahun                         178.956.896.605          143.872.684.309                 at beginning of year
      selisih penjabaran                      -                        -                        translation difference
      akhir tahun                       (186.315.869.170)        (161.789.875.837)                      at end of year
      selisih penjabaran                      -                        -                        translation difference
   Beban pokok produksi                  578.649.428.253          695.166.171.273          Cost of goods manufactured

   Persediaan barang jadi                                                                                 Finished good
      awal tahun                           52.375.610.374          47.259.137.254                 at beginning of year
      selisih penjabaran                       -                       -                        translation difference
      akhir tahun                         (50.970.880.070)        (49.841.389.117)                      at end of year
      selisih penjabaran                       -                       -                        translation difference
   Beban pokok penjualan                                                                          Cost of goods sold of
      barang jadi                        580.054.158.557          692.583.919.410                      finished goods
   Beban pokok penjualan                                                                          Cost of goods sold of
      barang dagangan                      3.113.685.959            4.175.500.593              merchandise inventory
   Jumlah                                583.167.844.516          696.759.420.003                                  Total

   Rincian beban pokok penjualan berdasarkan jenis produk      Details of cost of goods sold based on type of product
   adalah sebagai berikut:                                     were as follows:

                                           30 Juni 2023 /           30 Juni 2022 /
                                           June 30, 2023            June 30, 2022
   Industri aluminium                    405.512.120.175          490.773.479.309                   Aluminium industry
   Jasa konstruksi                       175.296.064.543          202.817.385.057                Construction services
   Cat                                     2.359.659.798            3.168.555.637                                  Paint
                                                                                                General trading, service
   Perdagangan, jasa dan investasi            -                         -                             and investment
   Beban pokok penjualan                 583.167.844.516          696.759.420.003                  Cost of goods sold

   4,60% dan 0,43% dari jumlah pembelian bahan baku dan        4,60% and 0.43% of the total purchase of raw and
   bahan pembantu masing-masing pada 30 Juni 2023 dan          indirect materials at June 30, 2023 and 2022,
   2022 dilakukan dengan pihak-pihak berelasi (Catatan         respectively, were made to related parties (Note 41).
   41).




                                                      78
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                  PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                       STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                        As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                   And for the six-month periods ended
30 Juni 2023 dan 2022                                                                            June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                          (Expressed in Rupiah)

31. BEBAN POKOK PENJUALAN (lanjutan)                        31. COST OF GOODS SOLD (cotinued)
   Pada tanggal 30 Juni 2023 dan 2022, pembelian bahan         At June 30, 2023 and 2022, purchases of raw materials
   baku yang nilainya melebihi 10% dan dari jumlah             which value represent more than 10% of the total net
   pembelian neto adalah sebagai berikut:                      purchases were as follows:

                                           30 Juni 2023 /           30 Juni 2022 /
                                           June 30, 2023            June 30, 2022
   Citic Commodities                     106.428.142.362                        -                     Citic Commodities
   Vian Pte Ltd                           45.569.205.663           83.487.048.724                            Vian Pte Ltd
   Indonesia Asahan Aluminium             31.570.636.462           44.679.759.894           Indonesia Asahan Aluminium
   Jumlah                                183.567.984.487          128.166.808.618                                   Total


32. BEBAN PABRIKASI                                         32. MANUFACTURING EXPENSES

   Terdiri dari:                                               Consist of:
                                           30 Juni 2023 /           30 Juni 2022 /
                                           June 30, 2023            June 30, 2022
   FOH proyek                             42.183.473.439           75.375.378.162                            FOH Project
   Pakai bahan proyek                     32.782.616.558           32.773.170.276                            Project used
   Pakai bahan penolong                   19.955.166.354           33.698.386.651                  Indirect material used
   Listrik                                17.301.853.923           19.052.822.081                              Electricity
   Pakai bahan pembungkus                 11.916.117.443           13.184.527.243                         Wrapping used
   Pakai bahan bakar dan pelumas          10.615.166.440           11.106.553.332           Fuel used and lubricant used
   Penyusutan (catatan 16)                 9.455.045.978            9.823.931.879                 Depreciation (note 16)
   Pakai bahan lain                        9.427.958.213           10.349.926.258                    Other material used
   Pakai bahan matrys                      7.715.370.919           10.760.881.859                           Moulds used
   Pemeliharaaan dan perbaikan             7.129.597.545            6.432.818.607               Repair and maintenance
   Pakai bahan sparepart                   6.125.369.405            2.987.790.777                        Sparepart used
   Impor                                   3.364.215.794            3.299.147.561                                   Impor
   Jasa                                    1.481.906.599            1.632.545.832                                 Service
   Pembelian dies                            926.735.182            1.914.938.475                          Dies purchase
   Sewa                                       50.000.000              227.553.789                                  Rental
   Lain-lain                               2.267.377.123           13.103.808.258                                  Others
   Jumlah                                182.697.970.915          245.724.181.039                                    Total


33. BEBAN USAHA                                             33. OPERATING EXPENSES
   Terdiri dari:                                               Consist of:
                                           30 Juni 2023 /           30 Juni 2022 /
                                           June 30, 2023            June 30, 2022
   Beban penjualan                                                                                     Selling expenses
   Pengangkutan                             4.366.604.658            4.804.659.500                                Freight
   Gaji dan tunjangan                         804.716.875              942.659.626               Salaries and allowance
   Ekspor                                   1.542.976.630              948.886.171                                 Export
   Asuransi pengiriman                        912.782.871            1.058.637.781                   Shipping insurance
   Premi penjualan                          1.782.199.848            2.105.063.445                       Sales premium
   Promosi, contoh                                                                                  Promotion, samples
      dan iklan                                15.087.341               36.128.219                     and advertising
   Sub jumlah (dipindahkan)                 9.424.368.223            9.896.034.742                    Sub total (total c/f)




                                                      79
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                  PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                       STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                        As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                   And for the six-month periods ended
30 Juni 2023 dan 2022                                                                            June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                          (Expressed in Rupiah)

33. BEBAN USAHA (Lanjutan)                                   33. OPERATING EXPENSES (continued)
   Beban umum dan administrasi                                                  General and administrative expenses
   Gaji dan tunjangan                     25.201.982.234           22.910.700.505            Salaries and allowance
   Representasi dan sumbangan              2.893.438.528              368.248.780      Representation and donation
   Penyusutan (Catatan 15,16,17)           1.124.319.557            1.129.244.722      Depreciation (Note 15,16,17)
   Transportasi                              805.693.711              759.055.566                     Transportation
   Perijinan                                 655.712.774              881.480.184                            Permits
   Pemeliharaan dan perbaikan                689.918.547              701.217.869          Repair and maintenance
   Beban kantor                              764.695.946              331.696.433                   Office expenses
   Perjalanan dinas                          846.584.069              759.055.566                Business travelling
   Sewa                                      236.133.590               16.445.199                             Rental
   Telepon dan komunikasi                    503.393.322              380.938.921    Telephone and communication
   Lain-lain                               2.486.979.053            4.093.849.490                             Others
   Sub jumlah                             36.208.851.331           32.331.933.235                           Sub total
   Jumlah                                 45.633.219.554           42.227.967.977                                   Total

34. PENDAPATAN BUNGA                                         34. INTEREST INCOME
   Terdiri dari:                                               Consist of:
                                           30 Juni 2023 /           30 Juni 2022 /
                                           June 30, 2023            June 30, 2022
   Jasa giro (Catatan 4)                     115.300.054               136.701.317              Interest income (Note 4)
   Deposito berjangka (Catatan 6)            118.957.502               103.053.127                Time deposits (Note 6)
   Jumlah                                    234.257.556               239.754.444                                Total

35. BEBAN BUNGA                                              35. INTEREST EXPENSES
   Terdiri dari:                                               Consist of:
                                           30 Juni 2023 /           30 Juni 2022 /
                                           June 30, 2023            June 30, 2022
   Beban bunga dari:                                                                             Interest expense from:
   Utang bank                             30.335.851.287           27.180.328.995                            Bank loans
   Liabilitas sewa                           113.600.630                -                                Lease liabilities
   Utang kepada pihak berelasi                -                     1.036.284.665             Payables to related parties
   Jumlah                                 30.449.451.917           28.216.613.660                                  Total

36. PENDAPATAN (BEBAN) LAINNYA                               36. OTHER INCOME (EXPENSES)
   Terdiri dari:                                               Consist of:
                                           30 Juni 2023 /           30 Juni 2022 /
                                           June 30, 2023            June 30, 2022
   Laba kurs                                                                                                     Gain on
      mata uang asing, neto                 4.154.388.585            1.158.366.686               foreign exchange, net
   Laba penjualan                                                                                     Gain on disposal of
      aset tetap, neto (Catatan 16)          651.577.807                46.700.000          fixed assets, net (Note 16)
   Kerugian penurunan nilai                                                                 Loss on declining in value of
      aset tetap (Catatan 16)                  -                    (2.381.144.064)              fixed assets (Note 16)
   Beban pajak                               (100.252.293)          (1.172.937.401)                        Tax expenses
   Lain-lain, neto                         (4.461.251.269)          (3.309.127.929)                           Others, net
   Jumlah                                     244.462.830           (5.658.142.708)                                Total




                                                      80
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                  PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                       STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                        As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                   And for the six-month periods ended
30 Juni 2023 dan 2022                                                                            June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                              (Expressed in Rupiah)

37. LIABILITAS DIESTIMASI                                     37. ESTIMATED LIABILITIES
       ATAS IMBALAN KERJA KARYAWAN                                  FOR EMPLOYEE BENEFITS

   Entitas dan Entitas Anak membukukan imbalan kerja               The Entity and its Subsidiaries provides employee
   karyawan, iuran pasti untuk karyawan sesuai dengan              benefits for its qualified employee in accordance with
   Undang-Undang Ketenagakerjaan No. 13/2003 tahun                 Labor Law No 13/2003 year 2003. The number of
   2003. Jumlah karyawan yang berhak atas imbalan kerja            employee entitled to the benefits were 595 peoples and
   karyawan masing-masing sebesar 595 dan 616 orang                616 peoples each at December 31, 2022, respectively.
   pada tanggal 31 Desember 2022.


   Perhitungan imbalan kerja karyawan dihitung oleh                The cost provided for employee benefits was calculated
   independen aktuaria, PT Prima Bhaksana Lestari dengan           by independent actuary, PT Prima Bhaksana Lestari
   asumsi utama penilaian aktuarial sebagai berikut:               with key assumptions for actuarial valuation as follows:


                                                       31 Des 2022 /
                                                        Dec 31, 2022
   Tingkat Diskonto                                        6,88% p.a                                          Discount Rate
   Tingkat Kenaikan Gaji                                      9% p.a                                  Salary Increment Rate
   Tingkat Kematian                                       TMI - 2019                                           Mortality Rate
   Tingkat Cacat                                      5% TMI - 2019                                           Disability Rate
   Usia Pensiun Normal                               56 tahun/ years                                   Normal Pension Age

   Beban imbalan kerja karyawan untuk pada tanggal 31              Post-employee benefits expense at December 31, 2022
   Desember 2022 adalah sebagai berikut:                           were as follows:

                                                       31 Des 2022 /
                                                        Dec 31, 2022
   Entitas                                                                                                              Entity
      Beban jasa kini                                     1.658.449.784                               Current service cost
      Beban jasa kini, dampak IFRIC                      (2.750.231.955)                 Current service cost, IFRIC effect
      Beban bunga                                         2.800.106.013                                        Interest cost
      Beban jasa lalu                                                                                    Past service cost
   Sub jumlah                                                  -                                                    Sub total
   Entitas Anak                                           850.434.666                                            Subsidiaries
   Selisih penjabaran                                      (1.297.271)                                 Translation difference
   Jumlah                                                       -                                                       Total

   Jumlah tercantum pada laporan posisi keuangan                   The amounts included in the consolidated statements
   kosolidasian pada 30 Juni 2023 dan 31 Desember 2022             of financial position at June 30, 2023 and December
   yang timbul dari kewajiban atas liabilitas imbalan pasca        31, 2022 arising from the Entity's obligations of
   kerja Entitas adalah sebagai berikut:                           estimated liabilities for employee benefits were as
                                                                   follows:


                                                                         31 Des 2022 /
                                            30 Juni 2023 /                Dec 31, 2022
                                            June 30, 2023                    (Audited)
   Nilai kini                                                                                              Present value of
       liabilitas imbalan pasti         62.428.032.262                 62.428.032.262             defined benefit liabilities
   Selisih penjabaran                          -                            -                         Translation difference
   Saldo akhir tahun                    62.428.032.262                 62.428.032.262           Balance at end of the year


                                                       81
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                 PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                      STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                       As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                  And for the six-month periods ended
30 Juni 2023 dan 2022                                                                           June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                             (Expressed in Rupiah)

37. LIABILITAS DIESTIMASI                                      37. ESTIMATED LIABILITIES
       ATAS IMBALAN KERJA KARYAWAN (lanjutan)                        FOR EMPLOYEE BENEFITS (continued)

   Mutasi liabilitas diestimasi atas imbalan kerja karyawan      Movements of estimated          liabilities   for   employee
   adalah sebagai berikut:                                       benefits were as follows:

                                                                       31 Des 2022 /
                                            30 Juni 2023 /              Dec 31, 2022
                                            June 30, 2023                  (Audited)

   Saldo awal                              62.428.032.262             67.974.145.034               Beginning balances
   Beban imbalan kerja                         -                       2.557.461.237         Employee benefits expense
   Pembayaran                                                                                                Payments
      selama tahun berjalan                     -                     (2.521.813.101)                 during the year
   Penghasilan
      komprehensif lain                        -                      (5.583.058.179)       Other comprehensive income
   Selisih penjabaran                          -                           1.297.271               Translation difference
   Liabilitas neto                         62.428.032.262             62.428.032.262                         Net liability

   Analisa sensitivitas kuantitatif untuk asumsi-asumsi yang     The quantitative sensitivity analysis for significant
   signifikan pada tanggal 31 Desember 2022 adalah               assumptions as of December 31, 2022 were as follows:
   sebagai berikut:

                                                                         Pengaruh nilai kini
                                                                               atas liabilitas
                                                                       imbalan pasca kerja/
                                          Persentase/             Effect on present value of
   2022                                   Percentage                     benefit obligations                            2022
   Tingkat diskonto                                                                                        Discount rates
      Kenaikan                                 1%                        61.542.443.357                        Increase
      Penurunan                                1%                        67.133.825.119                       Decrease
   Tingkat kenaikan gaji di masa depan                                                      Future salary increases rates
      Kenaikan                                 1%                        67.064.372.329                        Increase
      Penurunan                                1%                        61.553.112.289                       Decrease

   Analisa sensitivitas kuantitatif untuk asumsi-asumsi yang     The quantitative sensitivity analysis for significant
   signifikan pada tanggal 31 Desember 2021 adalah               assumptions as of December 31, 2021 were as follows:
   sebagai berikut:

38. NILAI WAJAR DARI INSTRUMEN KEUANGAN                        38. FAIR VALUE OF FINANCIAL INSTRUMENTS

   Instrumen keuangan yang disajikan di dalam laporan            Financial instruments presented in the statement of
   posisi keuangan dicatat sebesar nilai wajar, atau             financial position were carried at fair value, otherwise,
   disajikan dalam jumlah tercatat apabila jumlah tersebut       they were presented at carrying amounts as either
   adalah aproksimasi nilai wajarnya atau karena nilai           these were reasonable approximation of fair values or
   wajarnya tidak dapat diukur secara andal. Penjelasan          their fair values cannot be reliably measured. Further
   lebih lanjut diberikan pada paragraf-paragraf berikut.        explanations were provided in the following paragraphs.




                                                        82
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                               PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                             AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                                    STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                                     As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                                And for the six-month periods ended
30 Juni 2023 dan 2022                                                                                         June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                                              (Expressed in Rupiah)

38. NILAI WAJAR DARI INSTRUMEN KEUANGAN                                    38. FAIR VALUE OF FINANCIAL INSTRUMENTS

   Manajemen         menetapkan    bahwa     nilai   tercatat                 Management has determined that the carrying amounts
   (berdasarkan jumlah nosional) kas dan setara kas, saldo                    (based on notional amounts) of cash and cash
   bank yang dibatasi penggunaannya, investasi jangka                         equivalents, restricted bank accounts, short-term
   pendek, piutang usaha, piutang retensi, tagihan bruto                      investments,    accounts    receivable,      retentions
   kepada pemberi kerja, piutang lain-lain, pinjaman bank                     receivable, gross amount due to customers, other
   jangka pendek, utang usaha, beban yang masih harus                         receivables, short-term bank borrowings, accounts
   dibayar, liabilitas sewa dan utang lain-lain kurang lebih                  payable, accrued expenses, lease liabilities and other
   sebesar nilai wajarnya karena instrumen keuangan                           payables reasonably approximate their fair values
   tersebut sebagian besar berjangka pendek.                                  because they were mostly short-term in nature.


   Tabel berikut menyajikan aset dan liabilitas keuangan                      The following table sets out of the Entity's financial
   Entitas pada tanggal 31 Desember 2022 dan 2021.                            assets and liabilities as of December 31, 2022 and
                                                                              2021.
                                   30 Juni 2023 / June 30, 2023                   31 Dec 2023 / Dec 31, 2023
                                Nilai tercatat/        Nilai wajar/           Nilai tercatat/        Nilai wajar/
                               Carrying value           Fair value           Carrying value           Fair value
   Aset keuangan                                                                                                              Financial assets
   Kas dan                                                                                                                           Cash and
       setara kas              47.478.282.422        47.478.282.422          84.163.401.315        84.163.401.315           cash equivalents
   Saldo bank yang dibatasi                                                                                                          Restricted
       penggunaannya           12.945.139.901        12.945.139.901          16.880.493.685        16.880.493.685             bank accounts
   Investasi                                                                                                                         Short-term
       jangka pendek           11.292.714.377        11.292.714.377          17.722.992.480        17.722.992.480                investments
   Piutang usaha              238.452.823.655        238.452.823.655        218.814.832.715        218.814.832.715         Accounts receivable
   Piutang retensi             78.451.042.534        78.451.042.534          96.451.218.972        96.451.218.972         Retentions receivable
   Tagihan bruto kepada                                                                                                   Gross amount due to
       pemberi kerja          152.299.059.327        152.299.059.327        135.550.105.814        135.550.105.814                 customers
   Piutang lain-lain           1.283.393.280          1.283.393.280          1.188.493.922          1.188.493.922            Other receivables
   Jumlah                                                                                                                                 Total
       aset keuangan          542.202.455.496        542.202.455.496        570.771.538.903        570.771.538.903          financial assets

   Liabilitas keuangan                                                                                                     Financial liabilities
   Pinjaman bank                                                                                                                     Short-term
       jangka pendek          738.903.260.649        738.903.260.649        832.485.225.762        832.485.225.762           bank borrowings
   Utang usaha                177.624.940.953        177.624.940.953        140.130.861.659        140.130.861.659           Accounts payable
   Beban yang masih
       harus dibayar           89.686.010.619        89.686.010.619          87.075.298.530        87.075.298.530            Accrued expenses
   Liabilitas sewa             1.318.560.314          1.318.560.314          2.512.137.501          2.512.137.501               Lease liabilities
   Utang lain-lain              227.812.491            227.812.491            192.904.813            192.904.813                Other payables
   Jumlah liabilitas                                                                                                           Total financial
      keuangan                1.062.666.428.364     1.062.396.428.265       1.062.396.428.265     1.062.396.428.265               liabilities




                                                                      83
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                  PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                       STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                        As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                   And for the six-month periods ended
30 Juni 2023 dan 2022                                                                            June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                              (Expressed in Rupiah)

38. NILAI WAJAR DARI INSTRUMEN KEUANGAN                         38. FAIR VALUE OF FINANCIAL INSTRUMENTS
       (lanjutan)                                                     (continued)

   Nilai wajar adalah harga yang akan diterima untuk              Fair value were the price that would be received to sell
   menjual suatu aset atau harga yang akan dibayar untuk          an asset or paid to transfer a liability in an orderly
   mengalihkan suatu liabilitas dalam transaksi teratur           transaction between market participants at the
   antara pelaku pasar pada tanggal pengukuran.                   measurement date.

   Pengukuran nilai wajar mengasumsikan bahwa transaksi           The fair value measurement were based on the
   untuk menjual aset atau mengalihkan liabilitas terjadi:        presumption that the transaction to sell the asset or
                                                                  transfer the liability takes place either:
   a. Di pasar utama untuk aset dan liabilitas tersebut, atau     a. In the principal market for the asset or liability, or
   b. Jika tidak terdapat pasar utama, di pasar yang paling       b. In the absence of a principal market, in the most
      menguntungkan untuk aset atau liabilitas tersebut.             advantageous market for the asset or liability.


   Entitas harus memiliki akses ke pasar utama.                   Entity must have access to the principal market.
   Nilai wajar aset atau liabilitas diukur menggunakan            The fair value of an asset or a liability were measured
   asumsi yang akan digunakan pelaku pasar ketika                 using the assumptions that market participants would
   menentukan harga aset atau liabilitas tersebut, dengan         use when pricing the asset or liability, assuming that
   asumsi bahwa pelaku pasar bertindak dalam kepentingan          market participants act in their economic best interest.
   ekonomi terbaiknya.

   Pengukuran nilai wajar atas aset non-keuangan                  A fair value measurement of a non-financial asset takes
   mempertimbangkan kemampuan pelaku pasar dalam                  into account a market participant's ability to generate
   menghasilkan keuntungan ekonomi dengan penggunaan              economic benefits by using the asset in its highest and
   aset pada kemampuan tertinggi dan terbaik aset atau            best use or by selling it to another market participant
   dengan menjualnya ke pelaku pasar yang lain yang akan          that would use the asset in its highest and best use.
   menggunakan aset di kemampuan tertinggi dan terbaik.


   Entitas menggunakan teknik penilaian yang tepat sesuai         The Entity uses valuation techniques that were
   keadaan dan di mana tersedia kecukupan data untuk              appropriate in the circumstances and for which
   mengukur nilai wajar, memaksimalkan penggunaan input           sufficient data were available to measure fair value,
   yang dapat diobservasi yang relevan dan meminimalisir          maximizing the use of relevant observable inputs and
   penggunaan input yang tidak dapat diobservasi.                 minimizing the use of unobservable inputs.


   PSAK 60 (penyesuaian 2016), "Instrumen Keuangan:               PSAK 60 (improvement 2016), "Financial Instruments:
   Pengungkapan", mensyaratkan pengungkapan atas                  disclosures", requires disclosure of fair value
   pengukuran nilai wajar dengan tingkat hierarki nilai wajar     measurements by level of the following fair value
   sebagai berikut:                                               measurement hierarchy:

   a. Harga kuotasian (tidak disesuaikan) dalam pasar aktif       a. Quoted prices (unadjusted) in active markets for
      untuk aset atau liabilitas yang identik (tingkat 1);           identical assets or liabilities (level 1);
   b. Input selain harga kuotasian yang termasuk dalam            b. Inputs other than quoted prices included within level
      tingkat 1 yang dapat diobservasi untuk aset atau               1 that were observable for the asset or liability, either
      liabilitas, baik secara langsung (misalnya harga) atau         directly (as prices) or indirectly (derived from prices)
      secara tidak langsung (misalnya deviasi dari harga)            (level 2), and;
      (tingkat 2), dan;

   c. Input untuk aset atau liabilitas yang bukan                 c. Inputs for the asset and liability that were not based
      berdasarkan data pasar yang dapat diobservasi (input           on observable market data (unobservable inputs)
      yang tidak dapat diobservasi) (tingkat 3).                     (level 3).




                                                         84
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                              AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                     STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                      As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                 And for the six-month periods ended
30 Juni 2023 dan 2022                                                                          June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                           (Expressed in Rupiah)

38. NILAI WAJAR DARI INSTRUMEN KEUANGAN                       38. FAIR VALUE OF FINANCIAL INSTRUMENTS
       (lanjutan)                                                   (continued)

   Nilai   wajar    untuk  instrumen      keuangan   yang       The fair value of financial instruments traded in active
   diperdagangkan di pasar aktif ditentukan berdasarkan         markets were based on quoted markets prices at the
   kuotasi nilai pasar pada tanggal pelaporan. Instrumen        reporting date. These instruments were included in
   keuangan ini termasuk dalam tingkat 1.                                   level 1.

   Nilai  wajar    instrumen   keuangan      yang    tidak      The fair value of financial instruments that were not
   diperdagangkan di pasar aktif ditentukan dengan              traded in an active market were determined using
   menggunakan teknik penilaian tertentu. Teknik tersebut       valuation techniques. These valuation techniques
   menggunakan data pasar yang dapat diobservasi                maximize the use of observable market data where it
   sepanjang tersedia, dan seminimal mungkin mengacu            were available, and rely as little as possible on
   pada estimasi. Bila seluruh input signifikan atas nilai      estimates. If all significant inputs required to fair value
   wajar dapat diobservasi, instrumen keuangan ini              an instrument were observable, the instrument were
   termasuk dalam tingkat 2.                                    included in level 2.

   Jika satu atau lebih input yang signifikan tidak             If one or more of the significant inputs were not based
   berdasarkan data pasar yang dapat diobservasi, maka          on observable market data, the instrument were
   instrumen tersebut masuk ke dalam tingkat 3.                 included in level 3.

   Entitas tidak mempunyai aset dan liabilitas yang diukur      The Entity does not have asset and liability which were
   dan diakui pada nilai wajar (tingkat 1 dan 2).               measured and recognized on fair value (level 1 and 2).
   Berikut ini adalah metode dan asumsi yang digunakan          The following were the methods and assumptions to
   dalam mengestimasi nilai wajar dari setiap golongan          estimate the fair value of each class of the financial
   instrumen keuangan:                                          instruments:

   1. Kas dan setara kas, saldo bank yang dibatasi              1. Cash and cash equivalents, restricted bank
      penggunaannya, investasi jangka pendek, piutang              accounts,     short-term    investments,   accounts
      usaha, piutang retensi, tagihan bruto kepada pemberi         receivable, retentions receivable, gross amount due
      kerja dan piutang lain-lain.                                 to customers and other receivables.
      Untuk aset keuangan yang akan jatuh tempo dalam             For financial assets that were due within 12 months,
      waktu 12 bulan, nilai tercatat aset keuangan tersebut       the carrying values of the financial assets
      dianggap telah mencerminkan nilai wajar dari aset           approximate their fair values.
      keuangan tersebut.

   2. Utang usaha, utang lain-lain dan beban yang masih         2. Accounts payable, other payables and accrued
      harus dibayar.                                               expenses.
      Seluruh liabilitas keuangan di atas merupakan               All of the above financial liabilities were due within
      liabilitas yang akan jatuh tempo dalam waktu 12 bulan       12 months, thus, the carrying value of the financial
      sehingga nilai tercatat liabilitas keuangan tersebut        liabilities approximate their fair value.
      telah mencerminkan nilai wajar.

   3. Pinjaman bank jangka pendek, liabilitas sewa dan          3. Short-term bank borrowings, lease liabilities and
      utang lain-lain pihak berelasi.                              other payables to related party.
      Seluruh liabilitas keuangan di atas memiliki suku           All of the above financial liabilities have floating
      bunga variabel yang disesuaikan dengan pergerakan           interest rates which were adjusted based on the
      suku bunga pasar sehingga jumlah terutang liabilitas        movements of the market interest rates, thus the
      keuangan tersebut telah mendekati nilai wajar.              payable amounts of this financial liability
                                                                  approximate its fair values.




                                                       85
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                             PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                           AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                                  STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                                   As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                              And for the six-month periods ended
30 Juni 2023 dan 2022                                                                                       June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                                          (Expressed in Rupiah)

39. ASET DAN LIABILITAS                                                 39. ASSETS AND LIABILITIES
      DALAM MATA UANG ASING                                                   IN FOREIGN CURRENCIES

                                      30 Juni 2023 / June 30, 2023             31 Des 2023 / Dec 31, 2023
                                Mata uang asing/    Ekuivalen Rupiah/      Mata uang asing/   Ekuivalen Rupiah/
                                Foreign currency    Equivalent Rupiah      Foreign currency   Equivalent Rupiah
   Aset                                                                                                                           Assets
   Kas dan setara              USD      837.324       12.581.631.819         4.191.153        65.931.028.109               Cash and cash
                               EUR       51.073        836.257.220            217.547          3.635.787.365                equivalents
                               AUD       22.525        225.924.001            76.603            810.506.963
                               MYR        2.404          7.722.911             2.404             8.547.696
   Saldo bank yang dibatasi                                                                                                    Restricted
       penggunaannya        USD         169.152        2.541.681.107          381.661          6.003.915.640             bank accounts
   Investasi                                                                                                                   Short-term
       jangka pendek        USD         460.110        6.913.612.860          620.102          9.754.824.562               investments
   Piutang usaha,                                                                                                    Accounts receivable,
       pihak ketiga         USD         5.188.949     77.969.143.918         6.587.180        103.622.923.547              third parties
                            AUD          306.964       3.078.806.246          975.897          10.325.658.420
   Piutang lain-lain,                                                                                                   Other receivables,
       pihak-pihak berelasi USD             -                 -                30.396           478.164.434               related parties
   Jumlah aset                                       200.571.356.736                          200.571.356.736                  Total assets

   Liabilitas                                                                                                                    Liabilities
   Pinjaman bank                                                                                                                Short-term
       jangka pendek           USD      7.342.276    110.325.042.331         6.289.089        98.933.663.738            bank borrowings
   Utang usaha,                                                                                                         Accounts payable,
       pihak ketiga            USD      3.850.567     57.858.617.531          803.173         12.634.716.508                third parties
                               RMB       115.992       240.881.257            842.830          1.902.369.274
                               EUR        1.200         19.648.620            91.724           1.532.953.422
                                JPY         -                -               7.929.014          932.187.598
                               MYR          -                -                17.833             60.920.803
                               HKD          -                -                 8.340             16.834.832
                                THB         -                -                25.704             11.683.033
                               SGD          -                -                  571               6.659.098
                               GBP          -                -                  301               5.890.711
                               TWD          -                -                11.175              5.663.160
   Utang usaha,                                                                                                         Accounts payable,
      pihak-pihak berelasi     USD          -                 -                 4.979           78.332.206                related parties
   Utang lain-lain,                                                                                                       Other payables,
      pihak berelasi           USD          -                 -                11.981           170.951.017                 related party
   Jumlah liabilitas                                 168.444.189.739                          116.292.825.401               Total liabilities
   Jumlah aset (liabilitas),                                                                                       Total assets (liabilities)
   Jumlah aset                                                                                                                   Total asset
      (liabilitas), neto                              32.127.166.997                          84.278.531.335              (liabilities), net

   Manajemen memandang belum perlu lindung nilai karena                   Management believe that there were no need to hedge
   aset yang tersedia cukup untuk melunasi liabilitas dalam               because there enough assets to repayment liabilities in
   mata uang asing.                                                       foreign currency.




                                                                  86
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                  PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                       STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                        As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                   And for the six-month periods ended
30 Juni 2023 dan 2022                                                                            June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                            (Expressed in Rupiah)

40. LABA PER SAHAM DASAR                                         40. BASIC EARNING PER SHARE
   Berikut ini adalah data yang digunakan untuk perhitungan        The computation of basic earning per share were
   laba per saham dasar:                                           based on the following data:

   Laba per saham                                                  Earning per share

                                              30 Juni 2023 /            30 Juni 2022 /
                                              June 30, 2023             June 30, 2022
   Jumlah rata-rata tertimbang                                                                  Weighted average number
      saham yang beredar                        633.600.000               633.600.000               of outstanding shares
   a. Termasuk pos tidak berulang                                                         a. Including non-recurring item
      Laba untuk perhitungan                                                                     Earning for computation
       Laba per saham dasar                 (34.658.373.897)              603.392.722          Basic earning per share
      Laba per saham dasar                           (54,70)                     0,95            Basic earning per share
    b. Tidak termasuk pos tidak berulang                                                 b. Excluding non-recurring item
       Laba untuk perhitungan                                                                   Earning for computation
         Laba per saham dasar               (34.658.373.897)              603.392.722         Basic earning per share
       Laba per saham dasar                          (54,70)                     0,95           Basic earning per share

   Laba per saham dilusian                                         Diluted earnings per shares
   Entitas tidak menghitung laba per saham dilusi karena           The Entity did not compute earnings per share since
   Entitas tidak memiliki transaksi berpotensi dilusi terhadap     the Entity does not have any transaction of potential
   saham biasa.                                                    dilutive effect to ordinary shares.

41. SALDO DAN TRANSAKSI                                          41. BALANCE AND TRANSACTIONS
      DENGAN PIHAK-PIHAK YANG BERELASI                                 WITH RELATED PARTIES
   Kelompok Entitas telah melakukan beberapa transaksi             The Entity's group has various transactions with its
   dengan pemegang saham dan pihak-pihak berelasi yang             shareholders and related parties, included sales,
   meliputi transaksi penjualan, pembelian dan transaksi           purchase and other transactions.
   lainnya.

   a. Sifat hubungan dengan pihak-pihak berelasi adalah            a. The nature of relationships with related parties were
      sebagai berikut:                                                as follows:
   Pihak-pihak Berelasi / Related Parties                          Hubungan / Relationship

   PT Maspion                          Pemegang saham atau anggota manajemen kunci yang sama dengan Entitas /
                                       Shareholders or the same key management personnel as the Entity.
   PT Bank Maspion Indonesia Tbk       Anggota manajemen kunci yang sama dengan Entitas / Same key management
                                       personnel as the Entity.
   PT Alumindo Light Metal             Pemegang saham atau anggota manajemen kunci yang sama dengan Entitas /
      Industry Tbk                     Shareholders or the same key management personnel as the Entity.
   Alim Brothers Industries, Pte. Ltd. Anggota manajemen kunci yang sama dengan Entitas / The same key
                                       management personnel as the Entity.
   PT Aneka Kabel Ciptaguna            Pemegang saham atau anggota manajemen kunci yang sama dengan Entitas /
                                       Shareholders or the same key management personnel as the Entity.
   PT Ishizuka Maspion Indonesia       Pemegang saham atau anggota manajemen kunci yang sama dengan Entitas /
                                       Shareholders or the same key management personnel as the Entity.




                                                          87
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                      PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                    AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                           STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                            As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                       And for the six-month periods ended
30 Juni 2023 dan 2022                                                                                June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                              (Expressed in Rupiah)

41. SALDO DAN TRANSAKSI                                         41. BALANCE AND TRANSACTIONS
      DENGAN PIHAK YANG BERELASI (lanjutan)                           WITH RELATED PARTIES (continued)

   a. Sifat hubungan dengan pihak-pihak berelasi adalah            a. The nature of relationships with related parties were
      sebagai berikut: (lanjutan)                                     as follows: (continued)
   Pihak-pihak Berelasi / Related Parties                          Hubungan / Relationship
   PT Alaskair Maspion Indonesia      Pemegang saham atau anggota manajemen kunci yang sama dengan Entitas /
                                      Shareholders or the same key management personnel as the Entity.
   PT Indal Steel Pipe                Pemegang saham atau anggota manajemen kunci yang sama dengan Entitas /
                                      Shareholders or the same key management personnel as the Entity.
   PT Trisulapack Indonesia           Pemegang saham atau anggota manajemen kunci yang sama dengan Entitas /
                                      Shareholders or the same key management personnel as the Entity.
   Fung Lam Trading, Co. Ltd          Anggota manajemen kunci yang sama dengan Entitas / The same key
                                      management personnel as the Entity.
   PT Maspion Elektronik              Pemegang saham atau anggota manajemen kunci yang sama dengan Entitas /
                                      Shareholders or the same key management personnel as the Entity.
   PT Dovechem Maspion Terminal       Pemegang saham atau anggota manajemen kunci yang sama dengan Entitas /
                                      Shareholders or the same key management personnel as the Entity.
   PT Maxim Maspion                   Pemegang saham atau anggota manajemen kunci yang sama dengan Entitas /
                                      Shareholders or the same key management personnel as the Entity.
   PT Maspion Industrial Estate       Pemegang saham atau anggota manajemen kunci yang sama dengan Entitas /
                                      Shareholders or the same key management personnel as the Entity.
   Taiwan Concorde                    Anggota manajemen kunci yang sama dengan Entitas / The same key
                                      management personnel as the Entity.
   PT Alim Investindo                 Pemegang saham atau anggota manajemen kunci yang sama dengan Entitas /
                                      Shareholders or the same key management personnel as the Entity.
   PT UACJ - Indal Aluminum           Entitas yang sahamnya dimiliki sebesar 40% oleh Entitas Anak (PT Indal
                                      Investindo) / Related parties which shares were owned by the Subsidiary (PT Indal
                                      Investindo).

   b. Saldo material dengan pihak-pihak berelasi adalah            b. Material related parties balances were as follows:
      sebagai berikut:

                                                                         31 Des 2022 /
                                               30 Juni 2023 /             Dec 31, 2022
                                               June 30, 2023                 (Audited)
   Setara kas                                                                                            Cash equivalents
   PT Bank Maspion Indonesia Tbk            25.054.667.964           47.481.326.483         PT Bank Maspion Indonesia Tbk
   Deposito berjangka                                                                                       Time deposits
   PT Bank Maspion Indonesia Tbk                  -                          -              PT Bank Maspion Indonesia Tbk
   Piutang usaha                                                                                        Accounts receivable
   PT Alumindo Light Metal                                                                          PT Alumindo Light Metal
      Industry Tbk                            11.418.570             16.487.641.164                           Industry Tbk
   PT Maspion                                970.786.853              303.916.162                               PT Maspion
   PT Indal Steel Pipe                             -                        -                            PT Indal Steel Pipe
   PT Alaskair Maspion Indonesia                   -                        -                 PT Alaskair Maspion Indonesia
   Lain-lain (masing-masing                                                                                   Others (below
      di bawah Rp 100 juta)                       -                     9.688.884                     Rp 100 million each)
   Sub jumlah (dipindahkan)                 26.036.873.387           64.282.572.693                       Sub total (total c/f)



                                                           88
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                 PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                      STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                       As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                  And for the six-month periods ended
30 Juni 2023 dan 2022                                                                           June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                          (Expressed in Rupiah)

41. SALDO DAN TRANSAKSI                                        41. BALANCE AND TRANSACTIONS
      DENGAN PIHAK-PIHAK YANG BERELASI (lanjutan)                    WITH RELATED PARTIES (continued)

   b. Saldo material dengan pihak-pihak berelasi adalah           b. Material related parties balances were as follows:
      sebagai berikut: (lanjutan)                                    (continued)
                                                                       31 Des 2022 /
                                             30 Juni 2023 /             Dec 31, 2022
                                             June 30, 2023                 (Audited)

   Sub jumlah (pindahan)                  26.036.873.387            64.282.572.693                     Sub total (total b/f)
   Piutang lain-lain                                                                                   Other receivables
   Pokok pinjaman                                                                                          Loan principal
   Alim Brothers                                                                                            Alim Brothers
      Industries, Pte. Ltd.               1.236.618.583               478.164.434                   Industries, Pte. Ltd.

   Bunga pinjaman                                                                               Loan interest receivable
   PT Maspion                                   -                      8.835.117                            PT Maspion
   Aset hak guna                                                                                     Right of use assets,
   PT Maspion                             1.611.838.325              2.149.117.769                           PT Maspion
   Jumlah aset                            28.885.330.295            66.918.690.013                           Total assets
   Persentase jumlah aset pihak-pihak                                                Percentage of total assets involving
      berelasi dengan jumlah aset              2%                         4%             related parties to total assets
   Utang usaha                                                                                      Accounts payable
   PT Maspion                             3.325.750.836              7.205.780.486                        PT Maspion
   PT Alumindo Light Metal                                                                    PT Alumindo Light Metal
      Industry Tbk                        1.308.053.845              3.204.572.020                      Industry Tbk
   PT Maspion Industrial Estate            88.612.485                 138.762.242          PT Maspion Industrial Estate
   PT Qingda Maspion                                                                              PT Qingda Maspion
      Paper Products                        36.366.632                102.440.801                    Paper Products
   Lain-lain                               324.775.501                234.935.266                               Others
   Utang lain-lain                                                                                      Other payables
   Chin Fung Trading, Co. Ltd                   -                     170.951.017            Chin Fung Trading, Co. Ltd
   Liabilitas sewa                                                                                          Lease liability
   PT Maspion                             2.512.137.501              2.512.137.501                           PT Maspion
   Jumlah liabilitas                      7.595.696.800             13.569.579.333                        Total liabilities

   Persentase jumlah liabilitas                                                              Percentage of total liabilitas
      pihak-pihak berelasi                                                                     involving related parties
      dengan jumlah liabilitas                 1%                         3%                           to total liabilities

    c. Gunardi Go adalah pemegang saham dan pengurus              c. Gunardi Go were the management and the
       PT Husin Investama, PT Guna Investindo, PT Marindo            stockholder of PT Husin Investama, PT Guna
       Investama, PT Mulindo Investama dan PT Prakindo               Investindo, PT Marindo Investama, PT Mulindo
       Investindo.                                                   Investama and PT Prakindo Investindo.

   Transaksi-transaksi        dengan    pihak-pihak   yang        Transactions with related parties:
   berelasi:

   Dalam kegiatan usahanya, Entitas dan Entitas Anak              In the normal course of business, the Entity and its
   melakukan transaksi tertentu dengan pihak-pihak yang           Subsidiaries entered into certain transactions with
   berelasi yang meliputi, antara lain:                           related parties, including the following:


                                                          89
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                 PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                      STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                       As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                  And for the six-month periods ended
30 Juni 2023 dan 2022                                                                           June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                           (Expressed in Rupiah)

41. SALDO DAN TRANSAKSI                                       41. BALANCE AND TRANSACTIONS
      DENGAN PIHAK-PIHAK YANG BERELASI (lanjutan)                   WITH RELATED PARTIES (continued)

    a. 4,84% dan 0,47% dari jumlah penjualan bersih              a. 4,84% and 0.04% of the total net sales at June 30,
       masing-masing pada tanggal 30 Juni 2023 dan 31               2023 and December 31, 2022, respectively, were
       Desember 2022, merupakan penjualan kepada pihak-             made to related parties. According to management,
       pihak berelasi. Menurut manajemen, transaksi                 the sales transactions were made at normal terms
       penjualan dilakukan dengan tingkat harga dan syarat-         and conditions as those done with third parties. At
       syarat normal sebagaimana halnya bila dilakukan              the statements of financial position date, the
       dengan pihak ketiga. Pada tanggal laporan posisi             receivables from these sales were presented as part
       keuangan, piutang penjualan tersebut dicatat sebagai         of receivable, which presented 0,07% and 0.20%
       bagian dari piutang usaha, yang meliputi 0,07% dan           from total assets at June 30., 2023 and December
       0,20% dari jumlah aset masing-masing pada tanggal            31, 2022 and 2021, respectively.
       30 Juni 2023 dan 31 Desember 2022.


   Rincian penjualan kepada pihak-pihak yang berelasi             The details of sales to related parties were as follows:
   sebagai berikut:

                                            30 Juni 2023 /            30 Juni 2022 /
                                            June 30, 2023             June 30, 2022

   PT Alumindo Light Metal                                                                       PT Alumindo Light Metal
      Industry Tbk                         27.321.170.554                 70.684.311                      Industry Tbk
   PT Maspion                               3.168.898.456              3.626.350.511                        PT Maspion
   Lain-lain                                    7.060.017                 14.133.247                             Others
   Jumlah                                  30.497.129.027              3.711.168.069                               Total

    b. 4,60% dan 1,54% dari jumlah pembelian bahan baku          b. 4,60% and 1.54% of the total net purchase of raw
       dan bahan pembantu masing-masing pada tanggal 30             and indirect materials at June 30, 2023 and 2022,
       Juni 2023 dan 2022, merupakan pembelian dari                 respectively, were made to related parties.
       pihak-pihak berelasi. Menurut manajemen, transaksi           According    to     management,     the    purchase
       pembelian dilakukan dengan tingkat harga dan syarat-         transactions were made at normal terms and
       syarat normal sebagaimana halnya bila dilakukan              conditions as those done with third parties. At the
       dengan pihak ketiga. Pada tanggal laporan posisi             statements of financial position date, the payables
       keuangan, utang atas pembelian tersebut dicatat              from these purchases were presented as part of
       sebagai bagian dari utang usaha, yang meliputi 0,35%         accounts payable, which presented 0,35% and
       dan 0,46% dari jumlah liabilitas masing-masing pada          0.46% from total liabilities at June 30, 2023 and
       tanggal 30 Juni 2023 dan 2022.                               2022, respectively.



   Rincian pembelian bahan baku dan bahan pembantu               Details of purchase of raw material and indirect material
   kepada pihak-pihak berelasi sebagai berikut:                  to related parties were as follows:

                                            30 Juni 2023 /            30 Juni 2022 /
                                            June 30, 2023             June 30, 2022
   PT Alumindo Light Metal                                                                      PT Alumindo Light Metal
      Industry Tbk                          5.958.245.331            10.527.162.237                       Industry Tbk
   PT Maspion                               9.223.402.638             6.683.893.416                         PT Maspion
   PT Qingda Maspion Paper                    282.433.226               401.091.236            PT Qingda Maspion Paper
   Taiwan Concorde Pte, Ltd                    -                        255.836.485            Taiwan Concorde Pte, Ltd
   Lain-lain (masing-masing                                                                               Others (below
      dibawah Rp 100 juta)                    131.851.972                 -                       Rp 100 million each)
   Jumlah                                  15.595.933.167            17.867.983.374                                Total


                                                       90
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                   PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                        STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                         As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                    And for the six-month periods ended
30 Juni 2023 dan 2022                                                                             June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                             (Expressed in Rupiah)

41. SALDO DAN TRANSAKSI                                         41. BALANCE AND TRANSACTIONS
      DENGAN PIHAK-PIHAK YANG BERELASI (lanjutan)                     WITH RELATED PARTIES (continued)
   Transaksi-transaksi      dengan     pihak-pihak     yang        Transactions with related parties: (continued)
   berelasi: (lanjutan)
    c. Pendapatan bunga atas piutang kepada pihak yang             c. Interest income from receivables to related parties is
       berelasi adalah nihil pada tanggal 30 Juni 2023,               Nil in June 30, 2023, respectively, recorded as part
       dicatat sebagai bagian dari pendapatan bunga                   of interest income (Note 34).
       (Catatan 34).

    d. Beban bunga atas utang kepada pihak yang berelasi           d. Interest expense on payables to related parties
       sebesar Rp nihil dan Rp 1.036.284.665 pada tanggal             amounted to Rp Nil and Rp 1,036,284,665 in June
       30 Juni 2023 dan 2022, dicatat sebagai bagian dari             30, 2023 and 2022, respectively, recorded as part of
       beban bunga (Catatan 35).                                      interest expenses (Note 35).
    e. PT Indal Reiwa Auto, dimiliki oleh PT Indal Investindo      e. PT Indal Reiwa Auto, owned by PT Indal Investindo
       (Entitas Anak) membayar fee manajemen kepada PT                (Subsidiary) paid management fee to PT Maspion
       Maspion Industrial Estate sebesar Rp 86.241.727 dan            Industrial Estate amounted to Rp 86.241.727 and Rp
       Rp 85.157.019 pada tanggal 30 Jnuni 2023 dan 2022,             85,157,019 in June 30, 2023 and 2022, respectively,
       dicatat sebagai bagian dari fee manajemen (laba                recorded as part of management fee (profit or loss).
       rugi).

    f. PT Warna Cemerlang Industri, dimiliki oleh PT Indal         f. PT Warna Cemerlang Industri, owned by PT Indal
       Investindo (Entitas Anak) membayar fee manajemen               Investindo (Subsidiary) paid management fee to PT
       kepada PT Maspion Industrial Estate sebesar Rp                 Maspion Industrial Estate amounted to Rp
       78.880.000 masingmasing pada tanggal 30 Juni 2023              78,880,000, in June 30, 2023 and 2022,
       dan 2022, dicatat sebagai bagian dari fee manajemen            respectively, recorded as part of management fee
       (laba rugi).                                                   (profit or loss).

    g. Entitas membayar fee manajemen atas penggunaan              g. The Entity paid management fee for facilities usage
       fasilitas kepada    PT   Maspion    sebesar   Rp               to PT Maspion amounted to Rp 1,320,000,000 in
       1.320.000.000, masing-masing pada tanggal 30 Juni              June 30, 2023 and 2022, respectively, recorded as
       2023 dan 2022, dicatat sebagai bagian dari fee                 part of management fee (profit or loss).
       manajemen (laba rugi).

    h. Beban sewa kantor PT Indalex (Entitas Anak) kepada          h. Office rental expenses of PT Indalex (Subsidiary) to
       PT Maspion, bertempat di Maspion Plaza, sebesar Rp             PT Maspion, located in Maspion Plaza, amounted to
       736.626.544 dan Rp 695.534.400, masing-masing                  Rp 736.626.544 dan Rp 695,534,400 in June 30,
       pada tanggal 30 Juni 2023 dan 2022. Atas dampak                2023 and 2022, respectively. Due to the impact of
       penerapan PSAK 73 sejak tahun 2020, sewa ini                   the application of PSAK 73 since 2020, this rent are
       dicatat sebagai aset hak guna dan liabilitas sewa,             recorded as right of use assets and lease liabilities,
       serta Entitas Anak mencatat beban penyusutan                   also the Subsidiary records depreciation expense
       (Catatan 33) dan beban bunga (Catatan 35).                     (Note 33) and interest expense (Note 35).


    i. Beban sewa tanah PT Indalex (Entitas Anak) kepada           i. Land rental expenses of PT Indalex (Subsidiary) to
       PT Maspion sebesar Rp 600.000.000, bertempat di                PT Maspion amounted to Rp 600,000,000, located in
       Maspion Plaza untuk periode tahun 2015 - 2020.                 Maspion Plaza for period 2015 - 2020. This
       Perjanjian ini terakhir diperpanjang dengan Perjanjian         agreement were extended with Rental Agreement
       Sewa Menyewa No. 007/SK/MPGS/II/20 mulai 1                     No. 007/SK/MPGS/II/20 starting March 1, 2020 for 5
       Maret 2020 selama 5 tahun. Beban sewa ini dicatat              years. Rental expense were recorded as part of
       sebagai bagian dari beban umum dan administrasi                general and administrative expenses (Note 29).
       (Catatan 29).

    i. Entitas dan Entitas Anak juga mempunyai transaksi           i. The Entity and its Subsidiaries entered into non-
       diluar usaha dengan pihak-pihak yang berelasi seperti          trade transactions with related parties as described
       yang telah diungkapkan pada catatan 4, 11 dan 24.              in notes 4, 11 and 24.



                                                         91
Page 95
PT INDAL ALUMINIUM INDUSTRY Tbk                                                 PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                      STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                       As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                  And for the six-month periods ended
30 Juni 2023 dan 2022                                                                           June 30, 2023 and 2022

(disajikan dalam Rupiah)                                                                             (Expressed in Rupiah)

42. INFORMASI SEGMEN                                           42. SEGMENT INFORMATION

   Segmen usaha                                                  Business segment

   Untuk tujuan pelaporan manajemen, saat ini Entitas dan        For management reporting purposes, the Entity and its
   Entitas Anak dibagi dalam empat divisi industri               Subsidiaries were divided into four divisions -
   aluminium, jasa konstruksi, jasa software serta               aluminium industry, construction services, software
   perdagangan umum dan investasi. divisi - divisi tersebut      services and general trading and investments. These
   menjadi dasar pelaporan informasi segmen primer               divisions were the basic reporting for primary segment
   Entitas dan Entitas Anak.                                     information of the Entity and its Subsidiaries.


   Kegiatan utama divisi tersebut terdiri dari:                  The principal activities of these divisions consist of:

   Bidang industri - memproduksi dan distribusi barang dari      Manufacturing industry - manufacturing and distributing
   aluminium.                                                    of aluminium product.

   Jasa-konstruksi - jasa pembangunan properti khususnya         Construction services - constructing services,
   kulit luar gedung, supply dan instalasi.                      especially for facade design, supply and installation.

   Jasa software - penjualan            software   ERP   dan     Software services - sale of ERP software and
   pemeliharaan dan perbaikan.                                   maintenance and repair.

   Perdagangan umum dan investasi, perdagangan barang-           General trading and investments, trading for aluminium
   barang dari aluminium seperti tangga, tandon air dan          products such as stairs, water tanks and aluminium
   aluminium profile serta melakukan investasi jangka            profiles and long-term investments in companies which
   panjang pada entitas yang bergerak dalam industri             were also in aluminium and coating industries.
   aluminium dan cat.




                                                         92
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                                                                                PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                                                                              AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                               NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                                                                                    STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                                                                                      As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                                                                                 And for the six-month periods ended
30 Juni 2023 dan 2022                                                                                                                                          June 30, 2023 and 2022
(Disajikan dalam Rupiah)                                                                                                                                           (Expressed in Rupiah)

42. INFORMASI SEGMEN (lanjutan)                                                                    42. SEGMENT INFORMATION (continued)

   Segmen usaha (lanjutan)                                                                           Business segment (continued)
   Berikut ini adalah informasi segmen berdasarkan segmen usaha:                                     These were segment information based on business segment:
                                                                               30 Juni 2023 / June 30, 2022
                                                                             Perdagangan umum                  Jasa
                                   Industri aluminium/     Jasa kontruksi/        dan investasi/           software/
                                     Manufacturing of        Construction        General trading           Software           Eliminasi/       Konsolidasi/
                                             aluminium           services       and investments             services       Eliminations       Consolidated
   Penjualan                                                                                                                                                                            Sales
   Penjualan ekstern                442.378.792.909      185.906.791.393          2.174.965.880        -                    -              630.460.550.182                      External sales
   Penjualan antar segmen             82.479.808.429          -                      -                 -               (82.479.808.429)         -                         Inter-segment sales
   Jumlah penjualan                 524.858.601.338      185.906.791.393          2.174.965.880        -               (82.479.808.429)    630.460.550.182                          Total sales
   Laba (rugi) usaha                   5.681.629.519      (3.311.881.891)         (710.261.516)        -                   -                 1.659.486.112              Operating profit (loss)
                                                              91.914.166           389.111.858                                                                                                1
   Pendapatan bunga                   27.986.443.512                                                   -               (28.233.211.980)        234.257.556                   Interest income
   Beban bunga                       (34.582.599.758)    (22.944.345.927)           -                  -                 27.077.493.768    (30.449.451.917)                Interest expenses
   Fee manajemen                      (1.320.000.000)         -                     -                  -                    -               (1.320.000.000)                  Management fee
   Laba kurs                                                                                                                                                                           Gain on
      mata uang asing, neto            3.491.543.408        635.246.338             27.598.839         -                                     4.154.388.585          foreign exchange, net
   Laba penjualan aset tetap             806.393.791        166.500.000             -                  -                   -                   972.893.791    Gain on disposal of fixed assets
   Bagian laba (rugi) bersih                                                                                                                                        Net profit (loss) portion of
      Entitas Anak                   (29.080.523.967)         -                      -                 -               29.080.523.967           -                              Subsidiaries
   Lain-lain                          (1.841.629.551)     (1.642.114.788)           (79.075.207)       -                   -                (3.562.819.546)                             Others
   Laba (rugi) sebelum                                                                                                                                                    Profit (loss) before
      pajak penghasilan badan        (28.858.743.047)    (27.004.682.102)         (372.626.025)        -               27.924.805.755      (28.311.245.419)          corporate income tax

   Beban pajak                        (1.420.598.506)     (4.926.529.972)           -                  -                   -                (6.347.128.478)                     Tax expenses
   Laba (rugi) periode berjalan      (30.279.341.553)    (31.931.212.074)         (372.626.025)        -               27.924.805.755      (34.658.373.897)       Profit (loss) for the period




                                                                                           93
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                                                                                    PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                                   NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                                                                                        STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                                                                                          As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                                                                                     And for the six-month periods ended
30 Juni 2023 dan 2022                                                                                                                                              June 30, 2023 and 2022
(Disajikan dalam Rupiah)                                                                                                                                            (Expressed in Rupiah)

42. INFORMASI SEGMEN (lanjutan)                                                                    42. SEGMENT INFORMATION (continued)

   Segmen usaha (lanjutan)                                                                           Business segment (continued)

   Berikut ini adalah informasi segmen berdasarkan segmen usaha: (lanjutan)                          These were segment information based on business segment: (continued)
                                                                               30 Juni 2023 / June 30, 2022
                                                                             Perdagangan umum                    Jasa
                                   Industri aluminium/     Jasa kontruksi/        dan investasi/             software/
                                     Manufacturing of        Construction        General trading             Software            Eliminasi/         Konsolidasi/
                                             aluminium           services       and investments               services        Eliminations         Consolidated
   Informasi lainnya                                                                                                                                                       Other information
   Aset                                                                                                                                                                               Assets
   Aset segmen                      1.469.471.438.419    579.700.113.766       128.605.468.488              2.390.000    (730.569.254.938)    1.447.210.155.735              Segment assets
   Investasi pada                                                                                                                                                              Investments in
      entitas asosiasi               21.778.154.543           56.079.231                  1.000         -                 (21.834.234.774)          -                     associated entity
   Total aset yang                                                                                                                                                          Consolidated total
      dikonsolidasi                1.491.249.592.962     579.756.192.997       128.605.469.488              2.390.000    (752.403.489.712)    1.447.210.155.735                     assets

   Liabilitas                                                                                                                                                                       Liabilities
   Liabilitas segmen yang                                                                                                                                               Consolidated segment
      dikonsolidasi                1.084.498.085.201     807.882.132.406          3.775.443.645      1.558.496.013       (702.062.184.825)    1.195.651.972.440                   liabilities
   Pengeluaran modal                     892.767.588          -                     -                   -                      -                   892.767.588             Capital expenditure
   Penyusutan                          7.798.181.090       1.232.745.749            15.503.059          -                      -                 9.046.429.898                    Depreciation




                                                                                           94
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                                                                                   PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                                  NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                                                                                       STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                                                                                         As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                                                                                    And for the six-month periods ended
30 Juni 2023 dan 2022                                                                                                                                             June 30, 2023 and 2022
(Disajikan dalam Rupiah)                                                                                                                                           (Expressed in Rupiah)

42. INFORMASI SEGMEN (lanjutan)                                                                     42. SEGMENT INFORMATION (continued)

   Segmen usaha (lanjutan)                                                                            Business segment (continued)

   Berikut ini adalah informasi segmen berdasarkan segmen usaha:                                      These were segment information based on business segment:
                                                                         31 Desember 2022 / December 31, 2022
                                                                              Perdagangan umum                  Jasa
                                   Industri aluminium/      Jasa kontruksi/        dan investasi/           software/
                                     Manufacturing of         Construction        General trading           Software            Eliminasi/         Konsolidasi/
                                             aluminium            services       and investments             services        Eliminations         Consolidated
   Penjualan                                                                                                                                                                            Sales
   Penjualan ekstern               1.081.703.200.329     350.565.766.021           6.880.148.688        -                     -              1.439.149.115.038                  External sales
   Penjualan antar segmen            185.342.135.473                   -              22.516.600        -               (185.364.652.073)           -                     Inter-segment sales
   Jumlah penjualan                1.267.045.335.802     350.565.766.021           6.902.665.288        -               (185.364.652.073)    1.439.149.115.038                     Total sales
   Laba (rugi) usaha                 55.230.253.098       (84.176.906.557)         7.321.512.868        -                   (971.378.832)      (22.596.519.423)         Operating profit (loss)
   Pendapatan bunga                   47.124.250.349          263.198.368           935.938.404         -                (47.616.179.294)          707.207.827                 Interest income
   Beban bunga                       (64.708.031.012)     (42.732.783.831)           -                  -                 47.702.953.301       (59.737.861.542)             Interest expenses
   Pendapatan sewa                        -                    25.593.692            -                  -                     -                     25.593.692                  Rental income
   Fee manajemen                      (2.820.011.630)          -                   (239.078.625)        -                     -                 (3.059.090.255)              Management fee
   Cadangan kerugian                                                                                                                                                              Provision for
      penurunan nilai                                                                                                                                                 declining in value of
      piutang usaha                   (4.012.160.167)        (409.854.277)           -                  -                     -                 (4.422.014.444)       accounts receivable
   Realisasi cadangan kerugian                                                                                                                                     Realization of provision for
      penurunan nilai                                                                                                                                                 declining in value of
      piutang usaha                       -                  250.000.000             -                  -                     -                   250.000.000         accounts receivable
   Cadangan kerugian                                                                                                                                                              Provision for
      penurunan nilai                                                                                                                                                 declining in value of
      tagihan bruto kepada                                                                                                                                           gross amount due to
      pemberi kerja                       -                  (351.169.400)           -                  -                     -                  (351.169.400)                   customers

   Sub jumlah (dipindahkan)          30.814.300.638      (127.131.922.005)         8.018.372.647        -                   (884.604.825)      (89.183.853.545)            Sub total (total c/f)




                                                                                            95
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                                                                                  PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                                 NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                                                                                      STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                                                                                        As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                                                                                   And for the six-month periods ended
30 Juni 2023 dan 2022                                                                                                                                            June 30, 2023 and 2022
(Disajikan dalam Rupiah)                                                                                                                                             (Expressed in Rupiah)

42. INFORMASI SEGMEN (lanjutan)                                                                     42. SEGMENT INFORMATION (continued)
   Segmen usaha (lanjutan)                                                                            Business segment (continued)
   Berikut ini adalah informasi segmen berdasarkan segmen usaha: (lanjutan)                           These were segment information based on business segment: (continued)
                                                                         31 Desember 2022 / December 31, 2022
                                                                              Perdagangan umum                  Jasa
                                   Industri aluminium/      Jasa kontruksi/        dan investasi/           software/
                                     Manufacturing of         Construction        General trading           Software           Eliminasi/        Konsolidasi/
                                             aluminium            services       and investments             services       Eliminations        Consolidated
   Sub jumlah (pindahan)             30.814.300.638      (127.131.922.005)         8.018.372.647        -                  (884.604.825)     (89.183.853.545)                 Sub total (total b/f)
   Realisasi cadangan kerugian                                                                                                                                       Realization of provision for
      penurunan nilai                                                                                                                                                   declining in value of
      tagihan bruto kepada                                                                                                                                             gross amount due to
      pemberi kerja                       -                 1.340.619.682             -                 -                   -                  1.340.619.682                       customers
   Beban pajak                        (2.131.377.578)        (138.117.162)           (42.786.657)       -                   -                 (2.312.281.397)                      Tax expenses
   Cadangan kerugian                                                                                                                                                                Provision for
      penurunan nilai                                                                                                                                                   declining in value of
      persediaan                      (1.144.531.682)          -                     -                  -                   -                 (1.144.531.682)                       inventory
   Laba kurs                                                                                                                                                                             Gain on
      mata uang asing, neto             778.114.891          408.111.459             47.057.958         -                    12.448.158        1.245.732.466          foreign exchange, net
   Kerugian penurunan nilai                                                                                                                                        Loss on declining in value of
      aset tetap                      (3.194.178.033)          -                     -                  -                   -                 (3.194.178.033)                    fixed assets
   Laba penjualan aset tetap              -                    46.700.000            -                  -                   -                     46.700.000    Gain on disposal of fixed assets
   Bagian laba (rugi) bersih                                                                                                                                          Net profit (loss) portion of
      Entitas Anak                  (132.930.422.893)             868.002            -                  -               132.929.554.891           -                              Subsidiaries
   Lain-lain                          (4.834.570.959)         (36.004.250)           (1.797.549)        -                     2.406.238       (4.869.966.519)                             Others
   Laba (rugi) sebelum                                                                                                                                                      Profit (loss) before
      pajak penghasilan badan       (112.642.665.616)    (125.509.744.273)         8.020.846.399        -               132.059.804.462      (98.071.759.028)          corporate income tax
   Beban pajak                        (6.145.595.246)      (9.593.890.229)         (141.682.501)        -                   -                (15.881.167.976)                     Tax expenses
   Laba (rugi) periode berjalan     (118.788.260.862)    (135.103.634.502)         7.879.163.898        -               132.059.804.462     (113.952.927.004)       Profit (loss) for the period



                                                                                            96
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                                                                                    PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                                                   NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                                                                                        STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                                                                                          As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                                                                                     And for the six-month periods ended
30 Juni 2023 dan 2022                                                                                                                                              June 30, 2023 and 2022
(Disajikan dalam Rupiah)                                                                                                                                            (Expressed in Rupiah)

42. INFORMASI SEGMEN (lanjutan)                                                                    42. SEGMENT INFORMATION (continued)

   Segmen usaha (lanjutan)                                                                            Business segment (continued)

   Berikut ini adalah informasi segmen berdasarkan segmen usaha: (lanjutan)                           These were segment information based on business segment: (continued)
                                                                        31 Desember 2022 / December 31, 2022
                                                                             Perdagangan umum                    Jasa
                                   Industri aluminium/     Jasa kontruksi/        dan investasi/             software/
                                     Manufacturing of        Construction        General trading             Software            Eliminasi/         Konsolidasi/
                                             aluminium           services       and investments               services        Eliminations         Consolidated

   Informasi lainnya                                                                                                                                                       Other information
   Aset                                                                                                                                                                               Assets
   Aset segmen                     1.601.172.263.853     549.123.421.904        24.342.433.018      2.390.000            (619.844.534.547)    1.554.795.974.228              Segment assets

   Investasi pada                                                                                                                                                              Investments in
      entitas asosiasi               52.757.293.235           56.079.231                  1.000          -                (52.813.373.466)          -                     associated entity
   Total aset yang                                                                                                                                                          Consolidated total
      dikonsolidasi                1.653.929.557.088     549.179.501.135        24.344.824.018      2.390.000            (672.657.908.013)    1.554.795.974.228                     assets

   Liabilitas                                                                                                                                                                      Liabilities
   Liabilitas segmen yang                                                                                                                                               Consolidated segment
      dikonsolidasi                1.127.730.158.664     743.993.315.026          1.423.658.591    1.898.613.724         (617.732.476.339)    1.257.313.269.665                   liabilities
   Pengeluaran modal                  2.280.695.431           50.537.400            222.765.791          -                     -                 2.553.998.622            Capital expenditure
   Penyusutan                        13.145.956.541        1.556.267.191          4.402.014.157          -                     -                19.104.237.889                   Depreciation




                                                                                           97
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PT INDAL ALUMINIUM INDUSTRY Tbk                                             PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                           AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                 STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                   As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                              And for the six-month periods ended
30 Juni 2023 dan 2022                                                                       June 30, 2023 and 2022
(disajikan dalam Rupiah)                                                                          (Expressed in Rupiah)

42. INFORMASI SEGMEN (lanjutan)                             42. SEGMENT INFORMATION (continued)

   Segmen geografis                                           Geographical segments
   Entitas dan Entitas Anak beroperasi di dua wilayah         The Entity and its Subsidiaries operations were
   geografis utama, yaitu Jawa Timur dan Jawa Barat.          located in two principal geographic areas such as
                                                              East Java and West Java.
   Penjualan berdasarkan pasar geografis                      Sales by geographical market
   Berikut ini adalah jumlah penjualan bersih Entitas dan     The following table shows the distribution of the Entity
   Entitas Anak berdasarkan pasar geografis tanpa             and its Subsidiaries sales by geographical markets,
   memperhatikan tempat produksinya:                          regardless of where the goods were produced:

                                          30 Juni 2023 /           30 Juni 2022 /
                                          June 30, 2023            June 30, 2022
   Lokal                                                                                                    Local
     Jawa Timur                         106.702.881.679           121.085.886.654                    East Java
     Jawa Barat                         185.152.973.523          208.313.047.689                     West Java
   Ekspor (Jepang, Hongkong,                                                           Export (Japan, Hongkong,
     Thailand, Singapura, Australia,                                             Thailand, Singapore, Australia,
     Amerika Serikat                                                                                  USA and
     dan negara lain di Asia)           338.604.694.980          454.409.817.718        other countries in Asia)
   Jumlah                               630.460.550.182          783.808.752.061                            Total

   ASET, TAMBAHAN ASET TETAP DAN ASET TAK                     ASSETS, ADDITIONS TO FIXED ASSETS AND
   BERWUJUD BERDASARKAN WILAYAH GEOGRAFIS                     INTANGIBLE ASSETS BY GEOGRAPHICAL
                                                              AREAS

   Nilai aset segmen, tambahan aset tetap dan aset tak        Carrying amount of segment assets, additions to fixed
   berwujud berdasarkan wilayah geografis atau lokasi         assets and intangible assets by geographical areas
   aset tersebut:                                             were:

                            Nilai aset segmen/                        Penambahan aset tetap/
                         Total of segment assets                      Additions to fixed assets
                   30 Juni 2023 /     31 Desember 2022 /         30 Juni 2023 /    31 Desember 2022 /
                   June 30, 2023      December 31, 2023          June 30, 2023     December 31, 2022
   Jawa Timur      894.382.056.101        576.656.951.939              892.767.588           2.503.461.222      East Java
   Jawa Barat      552.828.099.634        978.139.022.288               -                       50.537.400      West Java
   Jumlah         1.447.210.155.735     1.554.795.974.228              892.767.588           2.553.998.622           Total


43. MANAJEMEN RISIKO KEUANGAN                               43. FINANCIAL RISK MANAGEMENT

   Risiko keuangan utama yang dihadapi oleh Entitas           The main financial risks faced by the Entity were
   adalah risiko mata uang asing, risiko tingkat suku         currency risk, interest rate risk, credit risk, and liquidity
   bunga, risiko kredit, dan risiko likuiditas. Entitas       risk. Entity try to minimize the potential negative
   mencoba untuk meminimalkan potensi dampak negatif          impact of risks on using risk management.
   dari risiko-risiko di atas menggunakan manajemen
   risiko.

   1. Risiko mata uang asing                                  1. Foreign currency risk
      Risiko mata uang adalah risiko fluktuasi nilai             Currency risk were the risk of fluctuations in the
      instrumen keuangan yang disebabkan perubahan               value of financial instruments due to changes in
      nilai tukar mata uang asing.                               foreign exchange.


                                                     98
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                              AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                    STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                      As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                 And for the six-month periods ended
30 Juni 2023 dan 2022                                                                          June 30, 2023 and 2022
(disajikan dalam Rupiah)                                                                                (Expressed in Rupiah)

43. MANAJEMEN RISIKO KEUANGAN (lanjutan)                      43. FINANCIAL RISK MANAGEMENT (continued)

      Entitas melakukan transaksi-transaksi dengan                  The Entity conduct transactions using foreign
      menggunakan mata uang asing, di antaranya adalah              currencies, such as sales, purchase and loan
      transaksi penjualan, pembelian dan pinjaman. Entitas          transactions of the Entity. The Entity has to convert
      harus mengkonversikan Rupiah ke mata uang asing,              Rupiah into foreign currency, to meet obligations
      untuk memenuhi kebutuhan liabilitas dalam mata                denominated in foreign currencies at maturity.
      uang asing pada saat jatuh tempo. Fluktuasi nilai             Fluctuations in currency exchange rate of Rupiah
      tukar mata uang Rupiah terhadap mata uang asing               against the foreign currency could have an impact
      dapat memberikan dampak pada kondisi keuangan                 in financial condition of the Entity.
      Entitas.

      Entitas mengelola risiko mata uang dengan                     The Entity manages currency risk by monitoring the
      melakukan pengawasan terhadap fluktuasi nilai tukar           fluctuation of exchange rates on an ongoing basic
      mata uang secara terus-menerus sehingga dapat                 so can be taken appropriate action to reduce the
      melakukan tindakan yang tepat untuk mengurangi                currency risk. Assets and liabilities in foreign
      risiko mata uang. Aset dan liabilitas dalam mata uang         currency owned by the Entity which were related to
      asing milik Entitas yang terkait dengan risiko mata           foreign currency risk were presented on note 39.
      uang asing tersaji di catatan 39.


   2. Risiko tingkat suku bunga                                  2. Interest rate risk

      Risiko suku bunga adalah risiko fluktuasi nilai               Interest rate risk were the risk of fluctuations in the
      instrumen keuangan yang disebabkan perubahan                  value of financial instruments due to changes in
      suku bunga pasar.                                             market interest rates.

      Risiko tingkat suku bunga Entitas dan Entitas Anak            The Entity and Subsidiaries interest rate risk mainly
      terutama timbul dari pinjaman untuk tujuan modal              arises from loans for working capital and
      kerja dan investasi. Pinjaman pada berbagai tingkat           investment purposes. Loans at variable rates
      suku bunga variabel menunjukkan Entitas dan                   expose the Entity and Subsidiaries to fair value
      Entitas Anak kepada nilai wajar risiko tingkat suku           interest rate risk.
      bunga.

      Untuk modal kerja, utang dan pinjaman investasi,              For working capital, investment loans and
      Entitas dan Entitas Anak berusaha dengan                      borrowing, the Entity and Subsidiaries may seek to
      mengurangi risiko tingkat suku bunganya dengan                mitigate its interest rate risk by obtaining loans with
      cara mendapatkan struktur pinjaman dengan suku                floating interest rates.
      bunga kompetitif.

      Informasi mengenai suku bunga pinjaman yang                   Information related to interest rate loan to the Entity
      dikenakan kepada Entitas dijelaskan pada Catatan 4,           has explained on Notes 4, 6, 11, 19 and 24.
      6, 11, 19 dan 24.

      Liabilitas keuangan terdiri dari:                             Financial liabilities consist of:
                                           30 Juni 2023 /              31 Des 2022 /
                                           June 30, 2023                Dec 31, 2022 (Audited)

      Pinjaman bank jangka pendek         738.903.260.649           832.485.225.762            Short-term bank borrowings




                                                       99
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                              AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                    STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                      As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                 And for the six-month periods ended
30 Juni 2023 dan 2022                                                                          June 30, 2023 and 2022
(disajikan dalam Rupiah)                                                                             (Expressed in Rupiah)

43. MANAJEMEN RISIKO KEUANGAN (lanjutan)                      43. FINANCIAL RISK MANAGEMENT (continued)

   2. Risiko tingkat suku bunga (lanjutan)                       2. Interest rate risk (continued)
      Per 30 Juni 2023 dan 31 Desember 2022, apabila                As of June 30, 2023 and December 31, 2022, if
      tingkat suku bunga pinjaman dengan tingkat suku               interest rates on floating interest rate borrowings
      bunga mengambang lebih tinggi atau lebih rendah               had been 100 basic points higher/lower with all
      100 basis poin dengan asumsi variabel lainnya tidak           other variables held constant, the consolidated
      mengalami perubahan, maka laba setelah pajak                  profit after tax for the year would have
      konsolidasian untuk tahun berjalan akan turun/naik            decreased/increased by Rp 319 million as a result
      sebesar Rp 319 juta sebagai hasil perubahan beban             of interest expenses changes that charged to profit
      bunga yang dicatat di laba rugi.                              or loss.

   3. Risiko kredit                                              3. Credit risk
      Risiko kredit adalah risiko dimana salah satu pihak           Credit risk were the risk that one party of financial
      atas instrumen keuangan akan gagal memenuhi                   instrument will fail to meet its obligations and cause
      liabilitasnya dan menyebabkan pihak lain mengalami            the other party suffered financial losses.
      kerugian keuangan.

      Entitas telah menjalankan kegiatan usaha selama               The Entity has run the business for decades so that
      puluhan tahun sehingga Entitas memiliki kebijakan             the Entity also has a specific policy to manage both
      tertentu untuk mengelola utang dan piutang. Dari sisi         payables and receivables. In terms of payables, the
      utang, Entitas mempunyai anggaran penerimaan                  Entity has a revenue budget to ensure that the
      yang menjamin bahwa Entitas dapat memenuhi                    Entity were able to meet all its debt obligations. As
      semua kewajiban utangnya. Sedangkan dalam                     for receivables, the Entity also has a policy of
      piutang, Entitas memiliki kebijakan pemberian utang           granting loans based on several considerations,
      dengan berbagai pertimbangan, yaitu lamanya                   among which were the length of business
      hubungan usaha, kredibilitas, pemberian limit utang           relationships, credibility, credit limit and overall
      dan evaluasi umum dari waktu ke waktu.                        evaluation from time to time.



   3. Risiko kredit (lanjutan)                                   3. Credit risk (continued)
      Saldo bank dan piutang terdiri dari:                          The accounts of bank and receivables consists of:
                                             30 Juni 2023 /            31 Des 2022 /
                                             June 30, 2023              Dec 31, 2022 (Audited)
      Bank                               26.124.572.096              82.827.597.542                               Banks
      Saldo bank yang dibatasi                                                                                 Restricted
       penggunaannya                     12.945.139.901              16.880.493.685                     bank accounts
      Piutang usaha                                                                                 Accounts receivable
       Pihak ketiga                     237.470.567.282             202.013.586.505                       Third parties
       Pihak-pihak berelasi                 982.256.373              16.801.246.210                    Related parties
      Piutang retensi                    78.451.042.534              96.451.218.972                Retentions receivable
      Tagihan bruto kepada pemberi kerja152.299.059.327             135.550.105.814     Gross amount due to customers
      Piutang lain pihak ketiga              46.774.697                 701.494.371       Other receivables thisd parties
      Piutang lain pihak berelasi         1.236.618.583                 486.999.551     Other receivables related parties

   4. Risiko likuiditas                                          4. Liquidity risk
      Risiko likuiditas adalah risiko di mana Entitas akan          Liquidity risk were the risk which the Entity will
      mengalami kesulitan dalam rangka memperoleh                   experience difficulties in acquiring funds to meet its
      dana untuk memenuhi komitmennya terkait dengan                commitments associated with financial instruments.
      instrumen keuangan.




                                                       100
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                             PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                           AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                                 STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                                   As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                              And for the six-month periods ended
30 Juni 2023 dan 2022                                                                                       June 30, 2023 and 2022
(disajikan dalam Rupiah)                                                                                            (Expressed in Rupiah)

43. MANAJEMEN RISIKO KEUANGAN (lanjutan)                                43. FINANCIAL RISK MANAGEMENT (continued)

   4. Risiko likuiditas (lanjutan)                                            4. Liquidity risk (continued)
      Merupakan tanggung jawab manajemen bahwa                                  It were the responsibility of management that the
      Entitas mampu memenuhi kebutuhan pendanaan,                               Entity were able to meet funding needs, in term of
      baik kebutuhan operasional, liabilitas keuangan                           operational needs, financial obligations and
      maupun pengembangan usaha. Entitas memiliki                               business development. The Entity has a budget
      anggaran perhitungan arus kas setiap tahun, dan                           calculations of cash flows every year, and conduct
      melakukan evaluasi setiap saat bila ada perubahan.                        evaluations at any time when there were changes.
      Selain itu, sebagai bagian dari sebuah kelompok                           In addition, as part of a large business group, the
      usaha yang besar, Entitas mendapat dukungan,                              Entity always supports, in addition to the
      disamping adanya komitmen dari para pemegang                              commitments, from the shareholders to its liquidity
      saham untuk masalah likuiditas.                                           problems.

      Liabilitas keuangan terdiri dari:                                         Financial liabilities consist of:
                                                          30 Juni 2023 / June 30, 2023
                                   Jumlah tercatat/   Arus kas kontraktual/  Kurang dari 1 tahun/Lebih dari 1 tahun/
                                   Carrying amount    Contractual cash flow      Less than 1 year More than 1 years
      Liabilitas                                                                                                                       Liabilities
      Pinjaman bank                                                                                                                  Short-term
        jangka pendek             738.903.260.649      738.903.260.649           738.903.260.649              -               bank borrowings
      Utang usaha                                                                                                              Accounts payable
        Pihak ketiga              172.541.381.654      172.541.381.654           172.541.381.654              -                  Third parties
        Pihak-pihak berelasi        5.083.559.299       5.083.559.299             5.083.559.299               -                Related parties
      Beban yang masih
        harus dibayar              89.686.010.619       89.686.010.619           89.686.010.619               -               Accrued expenses
      Uang muka                                                                                                                            Advance
        pelanggan                 119.242.695.937      119.242.695.937           119.242.695.937              -                  from customer
      Bagian liabilitas jangka panjang                                                                                            Current maturity
        yang jatuh tempo                                                                                                   portion of long-term
        dalam waktu satu tahun                                                                                                          liabilities
            Liabilitas sewa         1.254.513.257       1.254.513.257             1.254.513.257               -              Lease liabilities
      Utang lain-lain                                                                                                              Other payables
        Pihak ketiga                 227.812.491         227.812.491               227.812.491                -                     Third parties
        Pihak berelasi                     -                  -                         -                     -                    Related party
      Bagian liabilitas jangka panjang,
        setelah dikurangi bagian                                                                                            Long-term liabilities,
        yang jatuh tempo                                                                                                        net of current
        dalam satu tahun                                                                                                      maturity portion
            Liabilitas sewa           64.047.057         64.047.057                     -                64.047.057          Lease liabilities

      Jumlah                    1.189.731.672.699     1.189.731.672.699         1.188.413.112.385      1.318.560.314                         Total

                                                      31 Desember 2023 / December 31, 2023
                                   Jumlah tercatat/   Arus kas kontraktual/      Kurang dari 1 tahun/Lebih dari 1 tahun/
                                   Carrying amount    Contractual cash flow         Less than 1 year More than 1 years

      Liabilitas                                                                                                                       Liabilities
      Pinjaman bank                                                                                                                  Short-term
        jangka pendek             832.485.225.762         832.485.225.762           832.485.225.762           -               bank borrowings
      Utang usaha                                                                                                              Accounts payable
        Pihak ketiga              129.244.370.844         129.244.370.844           129.244.370.844           -                  Third parties
        Pihak-pihak berelasi       10.886.490.815          10.886.490.815            10.886.490.815           -                Related parties
      Sub jumlah di pindahkan     972.616.087.422         972.616.087.422           972.616.087.422                          Sub totao (total c/f)



                                                               101
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PT INDAL ALUMINIUM INDUSTRY Tbk                                                             PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                                           AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                                 STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                                   As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                              And for the six-month periods ended
30 Juni 2023 dan 2022                                                                                       June 30, 2023 and 2022
(disajikan dalam Rupiah)                                                                                         (Expressed in Rupiah)

                                                        31 Desember 2023 / December 31, 2023
                                    Jumlah tercatat/     Arus kas kontraktual/ Kurang dari 1 tahun/Lebih dari 1 tahun/
                                    Carrying amount      Contractual cash flow    Less than 1 year More than 1 years
      Sub jumlah di pindahkan      972.616.087.422          972.616.087.422        972.616.087.422                         Sub totao (total c/f)
      Beban yang masih
        harus dibayar                87.075.298.530          87.075.298.530          87.075.298.530          -              Accrued expenses
      Uang muka                                                                                                                          Advance
        pelanggan                   127.335.244.433         127.335.244.433        127.335.244.433           -                 from customer
      Bagian liabilitas jangka                                                                                                  Current maturity
        Panjang yang jatuh tempo                                                                                         portion of long-term
        dalam waktu satu tahun                                                                                                        liabilities
           Liabilitas sewa             1.193.577.187          1.193.577.187           1.193.577.187          -             Lease liabilities
      Utang lain-lain                                                                                                            Other payables
        Pihak ketiga                      21.953.796             21.953.796              21.953.796          -                    Third parties
        Pihak berelasi                   170.951.017            170.951.017             170.951.017          -                   Related party
      Bagian liabilitas jangka panjang,
        setelah dikurangi bagian                                                                                          Long-term liabilities,
        yang jatuh tempo                                                                                                      net of current
        dalam satu tahun                                                                                                    maturity portion
           Liabilitas sewa             1.318.560.314          1.318.560.314             -             1.318.560.314        Lease liabilities
      Jumlah                        1.189.731.672.699     1.189.731.672.699       1.188.413.112.385   1.318.560.314                        Total

44. PENGELOLAAN MODAL                                                    44. CAPITAL MANAGEMENT
   Tujuan utama pengelolaan modal Grup adalah untuk                           The primary objective of the Group capital
   memastikan pemeliharaan rasio modal yang sehat                             management were to ensure that it maintains healthy
   untuk mendukung usaha dan memaksimalkan imbalan                            capital ratios in order to support its business and
   bagi pemegang saham.                                                       maximize return to shareholder.

   Grup dipersyaratkan oleh Undang-Undang No.40 Tahun                         The Group were required by the Law No.40 Year
   2007 tentang Perseroan Terbatas, efektif sejak 2007,                       2007 regarding Limited Entities, effective year 2007,
   untuk mengalokasikan sampai dengan 20% dari modal                          to allocate and maintain a non distributable reserve
   saham diterbitkan dan dibayar penuh ke dalam dana                          fund until the said reserve reaches 20% of the issued
   cadangan yang tidak boleh didistribusikan. Persyaratan                     and fully paid share capital. This externally imposed
   permodalan eksternal tersebut telah dipertimbangkan                        capital requirements were consist by the Group that
   oleh Grup bahwa pembentukan dana cadangan belum                            the appropriation of reserves cannot be executed.
   bisa dilakukan.

   Grup mengelola struktur permodalan dan melakukan                           The Group manage their capital structure and make
   penyesuaian, bila diperlukan, berdasarkan perubahan                        adjustments to it, if necessary, in light of changes in
   kondisi ekonomi. Untuk memelihara dan menyesuaikan                         economic conditions. To maintain or adjust the capital
   struktur permodalan, Grup dapat mengusahakan                               structure, the Group may raise debt financing. No
   pendanaan melalui pinjaman. Tidak ada perubahan                            changes were made in the objectives, policies or
   atas tujuan, kebijakan maupun proses dalam                                 processes for managing capital during the periods
   manajemen modal untuk periode 30 Juni 2023 dan 31                          June 30, 2023 and December 31, 2022.
   Desember 2022.

   Grup mengawasi modal dengan menggunakan rasio                              The Group monitor its capital using gearing ratios, by
   pengungkit (gearing ratio), dengan membagi jumlah                          dividing interest bearing loan to total equity. The
   utang yang berdampak bunga dengan jumlah ekuitas.                          Group's policy were to maintain its gearing ratio within
   Kebijakan Grup adalah menjaga rasio pengungkit dalam                       the range of gearing ratio of the leading entities in
   kisaran dari entitas terkemuka di Indonesia untuk                          Indonesia in order to secure access to finance at
   mengamankan akses terhadap pendanaan pada biaya                            reasonable cost. Including in interest bearing loan
   yang rasional. Termasuk dalam total pinjaman                               were short-term bank borrowings and lease liability.
   berdampak bunga adalah pinjaman jangka pendek dan
   liabilitas sewa.


                                                                  102
Page 106
PT INDAL ALUMINIUM INDUSTRY Tbk                                               PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                             AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                   STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                     As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                And for the six-month periods ended
30 Juni 2023 dan 2022                                                                         June 30, 2023 and 2022
(disajikan dalam Rupiah)                                                                         (Expressed in Rupiah)

44. PENGELOLAAN MODAL (lanjutan)                              44. CAPITAL MANAGEMENT (continued)
   Rasio pengungkit pada tanggal 30 Juni 2023 dan 31             The gearing ratio as of June 30, 2023 and December
   Desember 2022adalah sebagai berikut:                          31, 2022 were as follows:
                                                                      31 Des 2022 /
                                           30 Juni 2023 /              Dec 31, 2022
                                           June 30, 2023                  (Audited)
   Pinjaman bank jangka pendek           738.903.260.649           832.485.225.762         Short-term bank borrowings
   Liabilitas sewa                                                                                     Lease liabilities
      Bagian yang jatuh tempo
        dalam waktu satu tahun              1.254.513.257             1.193.577.187           Current maturity portion
      Bagian jangka panjang, setelah
        dikurangi bagian yang jatuh                                                                 Long-term, net of
        tempo dalam satu tahun                 64.047.057             1.318.560.314         current maturity portion
   Jumlah pinjaman                                                                                        Total interest
     yang berdampak bunga                740.221.820.963           834.997.363.263                      bearing loans
   Jumlah ekuitas                        251.558.183.295           297.482.704.563                         Total equity
   Rasio pengungkit                          0,34                       2,81                              Gearing ratio

45. IKATAN                                                    45. COMMITMENTS

   a. Berdasarkan perjanjian pinjam pakai antara Entitas         a. Based on the borrow use agreement between the
      dengan PT Maspion (pihak berelasi) seperti                    Entity and PT Maspion (related party) as stated in
      tercantum dalam akta No.127 tanggal 8 Agustus                 notarial deed No. 127, dated August 8, 1994, of
      1994 dari notaris Ny. Lilia Devi Indrawati, SH., yang         Mrs. Lilia Devi Indrawati, SH., and further ratified
      telah diratifikasi dengan akta notaris No. 12 tanggal         by notarial deed No.12 dated on September 27,
      27 September 1994 dari notaris yang sama, Entitas             1994 of the same notary, the Entity lend its land
      meminjamkan tanah dengan Hak Guna Bangunan                    with HGB No. 6 covering an area of 27,260 m²
      No. 6 seluas 27.260 m² terletak di Maspion Unit I,            located at Maspion Unit I, Gedangan-Sidoarjo to
      Gedangan - Sidoarjo kepada PT Maspion (pihak                  PT Maspion (related party) for a period of 40
      yang berelasi) selama 40 tahun. Sebagai imbalan               years. As additional compensation, the Entity were
      tambahannya Entitas berhak untuk menggunakan                  entitled to use part of the land owned by PT
      sebagian tanah milik PT Maspion, beserta fasilitas            Maspion, as well as the public facilities including
      umum termasuk akses jalan dan lampu untuk                     the access road and lighting for use in Entity's
      kepentingan operasi Entitas (Catatan 41g).                    operations (Note 41g).


   b. Sejak     tahun     1994    berdasarkan    perjanjian      b. Since 1994, Entity entered into a land lease
      menyewaan tanah seperti tercantum dalam akta dari             agreement with a related party as stated in notarial
      notaris Soetjipto, S.H., No.154, 155 dan 156 tanggal          deed No.154, 155 and 156, dated on August 22,
      22 Agustus 1994, Entitas menyewa tanah milik PT               1994 of Soetjipto, S.H., Entity leased the land from
      Maspion (pihak berelasi) seluas 13.760 m² dengan              PT Maspion with an area of 13,760 m² for a period
      jangka waktu 30 tahun. Tanah dengan SHM No. 11,               of 30 years. The land were located at Desa
      12 dan 13 tersebut terletak di Desa Sawotratap,               Sawotratap, Gedangan - Sidoarjo under SHM No.
      Gedangan - Sidoarjo dan digunakan untuk operasi               11, 12 and 13 and used for the operations of Entity
      Entitas (Catatan 37 f).                                       (Note 37 f).

   b. PT Indalex (Entitas Anak) juga mengikatkan diri            b. PT Indalex (Subsidiary) also entered into rental
      dalam perjanjian sewa dengan PT Maspion yang                  agreement with PT Maspion which been extended
      terakhir diperpanjang dengan Perjanjian Sewa                  with Rental Agreement No. 007/SK/MPGS/II/20 for
      Menyewa No. 007/SK/MPGS/II/20 untuk sewa di                   rental in Maspion Plaza starting March 1, 2020 for
      Maspion Plaza mulai 1 Maret 2020 selama 5 tahun               5 years (Note 41h).
      (Catatan 41h).


                                                      103
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PT INDAL ALUMINIUM INDUSTRY Tbk                                               PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                             AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                   STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                     As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                And for the six-month periods ended
30 Juni 2023 dan 2022                                                                         June 30, 2023 and 2022
(disajikan dalam Rupiah)                                                                        (Expressed in Rupiah)

45. IKATAN (lanjutan)                                         45. COMMITMENTS (continued)
   c. Berdasarkan Perjanjian Asistensi Teknik tanggal 28         c. Based on the Technical Assistance Agreement
      Mei 1999, PT Indal Reiwa Auto, dimiliki oleh PT Indal         dated May 28, 1999, PT Indal Reiwa Auto, owned
      Investindo (Entitas Anak), harus membayar royalti             by PT Indal Investindo (Subsidiary), should pay
      kepada UACJ Extrusion Corporation dengan                      royalty fee to UACJ Extrusion Corporation with
      ketentuan:                                                    condition:

      - 5% nilai tambah dari kontrak produk terjual pada 1-        - 5% added value from contract product sold in
        2 tahun awal operasional.                                    the beginning 1-2 operational year.
      - 3% nilai tambah dari kontrak produk terjual pada 3-        - 3% added value from contract product sold in
        5 tahun operasional berikutnya.                              the next 3-5 operational year.
      - 1% nilai tambah dari kontrak produk terjual pada           - 1% added value from contract product sold in
        tahun operasional ke 6 dan seterusnya.                       the 6th operational year onwards.

      Pada tanggal 30 Juni 2023 dan 31 Desember 2022,              In June 30, 2023 and December 31, 2022 royalty
      beban royalti sebesar Rp 165.121.727 dan Rp                  fee amounted to Rp 165,121,727 and Rp
      974.317.170 dicatat sebagai bagian dari beban                974,317,170 ecorded as part of selling expenses
      penjualan (Catatan 33).                                      (Note 33).

46. KEPENTINGAN NON-PENGENDALI                                46. NON-CONTROLLING INTEREST

   Penyertaan pemegang saham non-pengendali pada                 The interest of non-controlling shareholders in
   Entitas Anak pada 30 Juni 2023 dan 31 Desember 2022           Subsidiary of 0.01% on June 30, 2023 and 31
   sebesar 0,01% atau masing-masing sebesar Rp                   December 2022 or amounted to Rp (18,571,348,) and
   (18.571.348) dan Rp (19.481.381), tidak diakui dalam          Rp (19,481,381) were not recognized in the
   laporan keuangan konsolidasian pada tanggal 30 Juni           consolidated financial statement as of June 30, 2023
   2023 dan 31 Desember 2022 karena jumlahnya tidak              and December 31, 2022, due to the immateriality of
   material.                                                     these amount.


47. RENCANA MANAJEMEN                                         47. MANAGEMENT PLAN

   Pada 30 Juni 2023 dan 31 Desember 2022, Entitas               In June 30, 2023 and December 31, 2022, Entity
   mengalami kerugian komprehensif sebesar Rp                    suffered a comprehensive loss of Rp 45,924,521,268
   45.924.521.268 dan Rp 89.160.798.031,. Hal ini                and Rp 89,160,798,031. This was caused by PT
   dikarenakan PT Indalex (Entitas Anak) merugi.                 Indalex (Subsidiary) losses.

   PT Indalex, Entitas Anak telah mencatat rugi bersih           PT Indalex, Subsidiary has record a net loss of Rp Rp
   sebesar Rp 33.368.204.750 pada 30 Juni 2023 dan Rp            33,368,204,750 in June 30, 2023 and Rp
   135.103.634.499 pada 31 Desember 2022, mencatat               135,103,634,499 in December 31, 2022, record a
   akumulasi kerugian sebesar Rp 283.273.120.463 pada            deficit of Rp 283,273,120,463 in June 30, 2023 and
   30 Juni 2023 dan Rp 249.904.915.713 pada 31                   Rp 249,904,915,713 in December 2022, and
   Desember 2022, serta mengalami defisiensi modal               experienced capital deficiency of Rp 228.182.018.642
   sebesar Rp 228.182.018.642 pada 30 Juni 2023 dan Rp           in June 30, 2023 and Rp 194,813,813,892 in
   194.813.813.892 pada tahun 2022.                              December 31, 2022


   Oleh karenanya, PT Indalex, Entitas Anak menerapkan           Therefore, PT Indalex, Subsidiary has implemented
   beberapa strategi dan langkah yang akan diambil untuk         several strategies and steps that will be taken to
   memastikan kelancaran dan kelangsungan usahanya di            ensure the smooth running and its business going
   masa mendatang, sebagai berikut:                              concern in the future, as follows:




                                                      104
Page 108
PT INDAL ALUMINIUM INDUSTRY Tbk                                               PT INDAL ALUMINIUM INDUSTRY Tbk
DAN ENTITAS ANAK                                                                             AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO CONSOLIDATED FINANCIAL
KONSOLIDASIAN (lanjutan)                                                                   STATEMENTS (continued)
Per 30 Juni 2023 dan 31 Desember 2022                                     As of June 30, 2023 and December 31, 2022
dan untuk periode enam bulan yang berakhir tanggal                                And for the six-month periods ended
30 Juni 2023 dan 2022                                                                         June 30, 2023 and 2022
(disajikan dalam Rupiah)                                                                         (Expressed in Rupiah)

47. RENCANA MANAJEMEN (lanjutan)                               47. MANAGEMENT PLAN (continued)

   1. Meningkatkan internal control terhadap progres dan         1. Improve internal control of progress and costs so
      biaya sehingga perhitungan lebih mendekati antara             the calculations are closer between the achieve
      progres yang dikerjakan dengan biaya yang                     progress and the costs incurred, so that the
      dikeluarkan, sehingga prinsip matching cost against           principle of matching cost against revenue can be
      revenue bisa dijalankan.                                      implemented.

   2. Jika terjadi penundaan penyelesaian proyek dan             2. If there is a delay in project completion and other
      biaya-biaya lain yang timbul akibat penundaan                 costs arising from delays caused by the customer
      dikarenakan oleh pelanggan (misalnya biaya tenaga             (example labor costs, gondola rental, scaffolding,
      kerja, sewa gondola, scaffolding, dll) akan                   etc.) will be billed to the customer.
      dibebankan kepada pelanggan.

   3. Menetapkan prosedur baru untuk evaluasi piutang-           3. Established a new procedure for evaluating the
      piutang PT Indalex, Entitas Anak.                             receivables of PT Indalex, a Subsidiary.
   4. Melakukan efisiensi     di   setiap   level   kegiatan     4. Perform efficiency at every level of operational
      operasional.                                                  activities.
   5. Memperketat penerapan budgeting pada setiap                5. Tighten the application of budgeting in each project
      progres proyek, untuk menekan kemungkinan                     progress, to reduce the possibility of too wide gap
      terjadinya kesenjangan terlalu lebar antara                   between the breakdown cost and the costs
      breakdown cost dan biaya yang dikeluarkan.                    incurred.

   6. Akan lebih selektif dalam mengambil             tender     6. Will be more selective in choosing tenders for
      pengerjaan proyek-proyek mendatang.                           future projects.
   7. Mengupayakan penyelesaian proyek agar tepat                7. Attempt to finish project completion on time
      waktu sesuai dengan jadwal untuk menghindari risiko           according to schedule in order to avoid the risk of
      perubahan kondisi yang tidak bisa diprediksi.                 unpredictable changes in conditions.
   8. Mengupayakan penjualan beberapa aset properti              8. Attempt to sell several investment property assets
      investasi yang dimiliki PT Indalex, Entitas Anak agar         owned by PT Indalex, Subsidiary in order to reduce
      dapat mengurangi beban pinjaman.                              loan expenses.




                                                       105

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